FIRSTFED BANCSHARES INC
10-C, 1996-05-21
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549




                                FORM 10-C
                                                                           
                                                                           
                                                                           
                                                                           
                Report by issuer of securities quoted on
    The NASDAQ Stock Market, filed pursuant to Section 13 or 15(d) of
                     The Securities Act of 1934 and
                    Rule 13a-17 or 15d-17 thereunder




    Date of Report (Date of earliest event reported)   MAY 15, 1996
                                                       ------------



                        FIRSTFED BANCSHARES, INC.
                        -------------------------
         (Exact name of registrant as specified in its charter)




    DELAWARE                     0-20160                  36-3820609
    --------                     -------                  ----------
(State or other                (Commission             (I.R.S. Employer
 jurisdiction                  File Number)          Identification No.)
of incorporation)




              749 Lee Street, Des Plaines, Illinois  60016
              --------------------------------------------
          (Address of principal executive offices) (Zip Code)




   Registrant's telephone number, including area code  (847) 294-6500
                                                       --------------















<PAGE> 2
I - CHANGE IN NUMBER OF SHARES OUTSTANDING
- - ------------------------------------------

1. TITLE OF SECURITY..FirstFed Bancshares, Inc. Common Stock (FFDP)

2. NUMBER OF SHARES OUTSTANDING BEFORE THE CHANGE.........2,271,115

3. NUMBER OF SHARES OUTSTANDING AFTER THE CHANGE..........3,406,616

4. EFFECTIVE DATE OF CHANGE............................May 15, 1996

5. METHOD OF CHANGE.....................................Stock Split
   (Common Stock was split 3 for 2, accomplished in the form of
    a 1 for 2 stock dividend.)





Dated:  May 21, 1996





                                          FIRSTFED BANCSHARES, INC.



                                      By: /s/ Paul A. Larsen
                                          ------------------------------
                                          Name:  Paul A. Larsen
                                          Title: Senior Vice President &
                                                 Chief Financial Officer











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