SCOTT & STRINGFELLOW FINANCIAL INC
8-K, 1999-01-19
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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                         UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549
                                
                                
                                
                            FORM 8-K
                                
                         CURRENT REPORT


                Pursuant to Section 13 or 15(d)
             of the Securities Exchange Act of 1934

                Date of Report: January 19, 1999
     (Date of Earliest Event Reported): (January 13, 1999)


              SCOTT & STRINGFELLOW FINANCIAL, INC.
     (Exact name of registrant as specified in its charter)


                 Commission File Number 0-15105
                                
                 Virginia                  54-1315256
        State or other jurisdiction      I.R.S. Employer
             of incorporation           Identification No.
                                
                                
          909 East Main Street  Richmond, Virginia  23219  
(Address of principal executive office)          (Zip Code)
                                
                         (804) 643-1811
      (Registrant's telephone number, including area code)
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                                
                       Page 1 of 2 pages





                                
Item 5. Other Events

The shareholders of Scott & Stringfellow Financial Inc. (Nasdaq NMS: SCOT)
approved the Company's previously announced merger agreement with BB&T
Corporation at their annual meeting held on January 13, 1999.   Under the terms
of the agreement, Scott & Stringfellow shareholders will receive one share of
BB&T common stock for each share of Scott & Stringfellow common stock.  The
transaction is expected to close prior to March 31, 1999.

Scott & Stringfellow Financial Inc. is a publicly-owned holding company
which operates Scott & Stringfellow Inc. founded in 1893 and the South's oldest
member of the New York Stock Exchange.  The company has approximately 635
employees, including 257 investment brokers, located in 31 offices in Virginia,
North Carolina, South Carolina and West Virginia.  Scott & Stringfellow
Financial Inc. common stock trades on the Nasdaq National Market System under
the symbol SCOT.
     


                            SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



     SCOTT & STRINGFELLOW FINANCIAL, INC.


     By:/s/Mike D. Johnston                       January 19, 1999
           Mike D. Johnston                       Date
           Executive Vice President and 
           Chief Financial Officer




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