FIRST SOUTHERN BANCSHARES INC/DE
8-K, 2001-01-10
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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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 (Date of earliest event reported) January 8, 2001
                                                         ---------------

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

      Delaware                        0-25478                 63-1133624
      --------                        ---------               ----------
(State or other Jurisdiction of       (Commission            (IRS Employer
incorporation or organization)        File Number)           Identification No.)


                 102 South Court Street, Florence, Alabama 35630
                 -----------------------------------------------
                    (Address of principal executive offices)

                                 (256) 764-7131
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)






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ITEMS 1, 2, 3, 4, 6, 7, 8 AND 9.  NOT APPLICABLE.

ITEM 5.  OTHER EVENTS.
         ------------

      On January 8, 2001, First Southern Bancshares, Inc. issued a press release
providing  guidance as to anticipated  operating  results for the fourth quarter
and fiscal year ended December 31, 2000 and announcing  the  discontinuation  of
quarterly  dividends  beginning with the dividend for the quarter ended December
31,  2000.  A copy  of the  press  release  is  attached  as  Exhibit  99.1  and
incorporated herein by reference.








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                                   SIGNATURES

      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.

                                       FIRST SOUTHERN BANCSHARES, INC.


Dated: January 10, 2001                By: /s/ Charles L. Frederick, Jr.
                                           -------------------------------------
                                           Charles L. Frederick, Jr.
                                           President and Chief Executive Officer









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                                  EXHIBIT INDEX




    EXHIBIT                        DESCRIPTION
    -------                        -----------

     99.1             Press release dated January 8, 2001.









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