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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>___________</P>
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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>FORM 8-K</B></P>
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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>CURRENT REPORT</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Securities Exchange Act of 1934</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Date of Report: &nbsp;February 27, 2004</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Date of earliest event reported)</P>
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<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>MILLENNIUM BANKSHARES CORPORATION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Exact Name of Registrant as Specified in its Charter)</P>
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<TABLE cellspacing=0 align=center><TR><TD valign=top width=208><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(State or Other Jurisdiction</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>of Incorporation)</P>
</TD><TD valign=top width=208 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>0-49611</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Commission File Number)</P>
</TD><TD valign=top width=208><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>54-1920520</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(IRS Employer</P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>Identification No.)</P>
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<TR><TD valign=top width=208><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
</TD><TD valign=top width=208 colspan=2>&nbsp;</TD><TD valign=top width=208>&nbsp;</TD></TR>
<TR><TD valign=top width=312 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>1601 Washington Plaza</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Reston, Virginia</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Address of Principal Executive Offices)</P>
</TD><TD valign=top width=312 colspan=2><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>20190</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center>(Zip Code)</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Registrant&#146;s telephone number, including area code:</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(703) 464-0100</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 4.</B></P>
<B><P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Changes in Registrant&#146;s Certifying Accountant.</B></P>
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<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On February 27, 2004, Millennium Bankshares Corporation (the &#147;Company&#148;) notified Thompson, Greenspon &amp; Co., P.C. (&#147;Thompson Greenspon&#148;) that it will be dismissed as the Company&#146;s independent accounting firm after completion of the audit of the Company&#146;s financial statements for the fiscal year ended December 31, 2003. &nbsp;The decision to change the independent accounting firm followed a competitive bidding process, in which Thompson Greenspon participated, to choose a firm to audit the financial statements of the Company for the year ending December 31, 2004. &nbsp;The Company&#146;s Board of Directors and Audit Committee has appointed Crowe, Chizek and Company LLC (&#147;Crowe Chizek&#148;), independent certified public accountants, to perform the audit of the
Company&#146;s financial statements for the year ending December 31, 2004. &nbsp;The appointment of Crowe Chizek will be effective following the completion of the 2003 fiscal year audit.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The report of Thompson Greenspon on the Company&#146;s financial statements for each of the two fiscal years ended December 31, 2002 did not, and for the fiscal year ended December 31, 2003 will not, contain an adverse opinion or a disclaimer of opinion, and was not and will not be modified as to uncertainty, audit scope or accounting principles. &nbsp;Furthermore, during the Company&#146;s two fiscal years ended December 31, 2002 and during the subsequent period preceding February 27, 2004, there has been no disagreement with Thompson Greenspon on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Thompson Greenspon, would have caused Thompson Greenspon to make reference to the subject matter of the disagreements in connection with its report.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The Company has provided Thompson Greenspon with a copy of this Current Report. &nbsp;A letter from Thompson Greenspon to the Commission dated March 5, 2004, with respect to this matter is attached hereto as Exhibit 16.1.</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 7.</B></P>
<B><P style="margin:0pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Financial Statements and Exhibits.</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(c)</P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Exhibits.</P>
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<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The exhibit to this report is as follows:</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Exhibit No.</U></P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Description</U></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-57pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>16.1</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Letter dated March 5, 2004 from Thompson, Greenspon &amp; Co., P.C. re Change in Certifying Accountant.</P>
<P style="margin:0pt; padding-left:144pt; text-indent:576pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:144pt; text-indent:-45pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>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.</P>
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<P style="margin:0pt; text-indent:198pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>MILLENNIUM BANKSHARES CORPORATION </B></P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date: &nbsp;March 5, 2004</P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:198pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>By: <U>&nbsp;&nbsp;/s/ &nbsp;Janet Valentine&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<U><P style="margin:0pt; text-indent:432pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></U></P>
<P style="margin:0pt; text-indent:225pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Janet Valentine, CPA</P>
<P style="margin:0pt; text-indent:225pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Executive Vice President and Chief Financial Officer</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Exhibit No.</U></P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>Description</U></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:28.5pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;16.1</P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Letter dated March 5, 2004 from Thompson, Greenspon &amp; Co., P.C. re </P>
<P style="margin:0pt; text-indent:108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Change in Certifying Accountant.</P>
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Form 8-K
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:  February 27, 2004
(Date of earliest event reported)
MILLENNIUM BANKSHARES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Virginia
(State or Other Jurisdiction
of Incorporation)
0-49611
(Commission File Number)
54-1920520
(IRS Employer
Identification No.)
1601 Washington Plaza
Reston, Virginia
(Address of Principal Executive Offices)
20190
(Zip Code)
Registrant's telephone number, including area code:
(703) 464-0100
Item 4.
Changes in Registrant's Certifying Accountant.
On February 27, 2004, Millennium Bankshares Corporation (the "Company") notified Thompson, Greenspon & Co., P.C. ("Thompson Greenspon") that it will be dismissed as the Company's independent accounting firm after completion of the audit of the Company's financial statements for the fiscal year ended December 31, 2003.  The decision to change the independent accounting firm followed a competitive bidding process, in which Thompson Greenspon participated, to choose a firm to audit the financial statements of the Company for the year ending December 31, 2004.  The Company's Board of Directors and Audit Committee has appointed Crowe, Chizek and Company LLC ("Crowe Chizek"), independent certified public accountants, to perform the audit of the
Company's financial statements for the year ending December 31, 2004.  The appointment of Crowe Chizek will be effective following the completion of the 2003 fiscal year audit.
The report of Thompson Greenspon on the Company's financial statements for each of the two fiscal years ended December 31, 2002 did not, and for the fiscal year ended December 31, 2003 will not, contain an adverse opinion or a disclaimer of opinion, and was not and will not be modified as to uncertainty, audit scope or accounting principles.  Furthermore, during the Company's two fiscal years ended December 31, 2002 and during the subsequent period preceding February 27, 2004, there has been no disagreement with Thompson Greenspon on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Thompson Greenspon, would have caused Thompson Greenspon to make reference to the subject matter of the disagreements in connection with its report.
The Company has provided Thompson Greenspon with a copy of this Current Report.  A letter from Thompson Greenspon to the Commission dated March 5, 2004, with respect to this matter is attached hereto as Exhibit 16.1.
Item 7.
Financial Statements and Exhibits.
(c)
Exhibits.
The exhibit to this report is as follows:
Exhibit No.
Description
16.1
Letter dated March 5, 2004 from Thompson, Greenspon & Co., P.C. re Change in Certifying Accountant.
2
SIGNATURES
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.
MILLENNIUM BANKSHARES CORPORATION
(Registrant)
Date:  March 5, 2004
By:
/s/  Janet Valentine
Janet Valentine, CPA
Executive Vice President and Chief Financial Officer
Exhibit Index
Exhibit No.
Description
16.1
Letter dated March 5, 2004 from Thompson, Greenspon & Co., P.C. re
Change in Certifying Accountant.