BANKAMERICA CORP
11-K, 1994-06-22
NATIONAL COMMERCIAL BANKS
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<PAGE>   1




                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                   FORM 11-K

                 ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

[x]      Annual report pursuant to Section 15(d) of the Securities Exchange Act
         of 1934 (Fee required)

         For the fiscal year ended December 31, 1993
                                       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 No. 1-7377

A.       Full title of the plan and the address of the plan, if different from
         that of the issuer named below:

                          Seafirst Corporation
                          Employee Matched Savings Plan
                          c/o Seafirst Corporation
                          800 Fifth Avenue Plaza Building
                          Seattle, Washington  98104

B.       Name of issuer of the securities held pursuant to the plan and the
         address of its principal executive office:

                          BankAmerica Corporation
                          Bank of America Center
                          555 California Street
                          San Francisco, California  94104

                                   SIGNATURES


         The Plan.  Pursuant to the requirements of the Securities Exchange Act
of 1934, the Employee Benefit Committee of the Seafirst Corporation Employee
Matched 


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Savings Plan has duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized.

         June 20, 1994

                                           SEAFIRST CORPORATION
                                           EMPLOYEE MATCHED SAVINGS PLAN



                                           By     /s/ Larry Ogg
                                              ---------------------------------
                                                  Larry Ogg, Chair of
                                                  Employee Benefit Committee


<PAGE>   3


[The financial statements and supplemental schedules normally appearing here
have been filed with the Securities & Exchange Commission in paper format under
cover of Form SE dated June 20, 1994.]
<PAGE>   4
                               INDEX TO EXHIBITS


<TABLE>
<CAPTION>

EXHIBIT NO.                                                         PAGE
   <S>                    <C>                                       <C>
   23.1                   Consent of Ernst & Young                   5
</TABLE>



<PAGE>   1
                                  EXHIBIT 23.1


                        Consent of Independent Auditors



We consent to the incorporation by reference in the Registration Statement
(Form S-8 No. 33-60648) pertaining to the Seafirst Corporation Employee Matched
Savings Plan of our report dated April 29, 1994, with respect to the financial
statements and supplemental schedules of the Seafirst Corporation Employee
Matched Savings Plan included in this Annual Report (Form 11-K) for the year
ended December 31, 1993.



  /s/ ERNST & YOUNG

Seattle, Washington
June 16, 1994



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