SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
(Mark One):
[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [NO FEE REQUIRED]
For the fiscal year ended December 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from ___________ to ______________
Commission File Number 1-10000
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
CORESTATES EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
FIRST UNION CORPORATION
One First Union Center
Charlotte, North Carolina 28288-0013
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(a) The following financial statements and reports, which have
been prepared pursuant to the requirements of the Employee Retirement Income
Security Act of 1974, are filed as part of this Annual Report on Form 11-K:
Report of Independent Auditors.
Financial Statements:
Statement of Net Assets Available for Benefits, with Fund
Information, December 31, 1997.
Statement of Changes in Net Assets
Available for Benefits, with Fund
Information, December 31, 1996.
Statement of Changes in Net Assets Available for
Benefits, with Fund Information, Year ended December
31, 1997.
Statement of Changes in Net Assets Available for
Benefits, with Fund Information, Year ended December
31, 1996.
Notes to Financial Statements.
Line 27-a--Assets Held for Investment Purposes.
Line 27-d--Reportable Transactions.
(b) The following Exhibit is filed as part of this Annual
Report on Form 11-K:
Consent of Ernst & Young LLP.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the plan administrator has duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.
CORESTATES EMPLOYEE STOCK OWNERSHIP
AND SAVINGS PLAN
By: ______________________________________
Name:
Title:
Date: June__, 1997
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EXHIBIT INDEX
Exhibit No. Description Location
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(23) Consent of Ernst & Young LLP Filed herewith
[TO COME]
