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):
                                 July 26, 2000

                          BANK OF AMERICA CORPORATION
            (Exact name of registrant as specified in its charter)

                                   Delaware
        (State or other jurisdiction of incorporation or organization)

                                    1-6523
                           (Commission File Number)

                                  56-0906609
                       (IRS Employer Identification No.)

                            100 North Tryon Street
                           Charlotte, North Carolina
                   (Address of principal executive offices)

                                    28255
                                  (Zip Code)

                                (888) 279-3457
            (Registrant's telephone number, including area code)




         ITEM 5.  OTHER EVENTS.

         A.       Stock Buyback Program

                  On July 26, 2000, Bank of America (the "Registrant") announced
its approval of a new stock buyback  program to purchase from time to time up to
100 million  shares of its common stock in open market or private  transactions,
including  accelerated  and put  option  buyback  programs.  A copy of the press
release  announcing  the new  program is filed as Exhibit  99.1 to this  Current
Report on Form 8-K.

         B.       Productivity and Investment Initiatives

                  On July  28,  2000,  the  Registrant  announced  a  series  of
productivity and investment  initiatives  designed to strengthen revenue growth,
support earnings momentum and improve the customer experience.  As part of these
initiatives, the Registrant expects to eliminate between 9,000 and 10,000
positions. A copy of the press release announcing these initiatives is filed as
Exhibit 99.2 to this Current Report on Form 8-K.

         ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      Exhibits.

                  The following exhibits are filed herewith:

         EXHIBIT NO.                   DESCRIPTION OF EXHIBIT

         99.1                       Press Release dated July 26, 2000 with
                                    respect to the Registrant's new stock
                                    buyback program.

         99.2                       Press  Release dated July 28, 2000 with
                                    respect to the  Registrant's  productivity
                                    and  investment initiatives.





                                 SIGNATURE


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


                                            BANK OF AMERICA CORPORATION



                                            By: /s/ Charles M. Berger
                                                -------------------------------
                                                    Charles M. Berger
                                                    Deputy General Counsel


Dated:  July 31, 2000




                                  EXHIBIT INDEX


         EXHIBIT NO.                   DESCRIPTION OF EXHIBIT

         99.1                       Press Release dated July 26, 2000 with
                                    respect to the Registrant's new stock
                                    buyback program.

         99.2                       Press  Release dated July 28, 2000 with
                                    respect to the  Registrant's  productivity
                                    and  investment initiatives.