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): June 21, 1995

                          SHAWMUT NATIONAL CORPORATION           

        Delaware             1-10102                   06-1212629        
     (State or other      (Commission File           (IRS Employer
     jurisdiction of         Number)                 Identification No.)
     incorporation)

             777 Main Street, Hartford, Connecticut         06115
             One Federal Street, Boston, Massachusetts      02211
             (Address of principal executive offices)       (Zip Code)
                                                                          
                                                             (203) 986-2000
         Registrant's telephone number, including area code: (617) 292-2000

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



     ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION 
               AND EXHIBITS.

               The following exhibits are filed with this Current
     Report on Form 8-K:

          EXHIBIT
          NUMBER              DESCRIPTION

          99.1           Press Release of Shawmut National
                         Corporation, dated June 21, 1995.

          99.2           Press Release of Shawmut National
                         Corporation, dated June 21, 1995.



                                 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.

                                   SHAWMUT NATIONAL CORPORATION

                                                   

                                    By: /s/ Joel B. Alvord 
                                        Joel B. Alvord
                                        Chairman and Chief Executive Officer

     Dated:  June 28, 1995



                                  EXHIBIT INDEX

          EXHIBIT                                                     PAGE
          NUMBER              DESCRIPTION                            NUMBER

          99.1                Press Release of Shawmut National 
                              Corporation, dated June 21, 1995.

          99.2                Press Release of Shawmut National
                              Corporation, dated June 21, 1995.


                                             EXHIBIT 99.1

                                             777 Main Street
                                             Hartford, Connecticut  06115

     [SHAWMUT NATIONAL                       One Federal Street
      CORPORATION LOGO]                      Boston, Massachusetts  02211

     Contact:  NEWS MEDIA CONTACT:           INVESTOR CONTACT:
               Vincent Loporchio             Thomas R. Rice
               (617) 292-3239                (203) 986-4872

     SHAWMUT NATIONAL CORP. STOCKHOLDERS APPROVE

     MERGER WITH FLEET FINANCIAL GROUP INC.

          BOSTON, MASS AND HARTFORD, CONN., JUNE 21, 1995 -- Shawmut
     National Corp. (NYSE:SNC) stockholders today voted at the
     company's annual meeting to approve the previously announced
     strategic merger with Fleet Financial Group Inc. (NYSE:FLT).  The
     meeting was held at the Federal Reserve Bank of Boston.

          The merger is subject to approval by federal and state
     regulators and is expected to be completed in the fourth quarter
     of this year.

          "Today's stockholder vote in favor of the Fleet-Shawmut
     merger is another important step toward creating New England's
     preeminent financial services institution," said Joel B. Alvord,
     Shawmut's chairman and chief executive officer.

          On February 21, 1995, Fleet and Shawmut announced a
     definitive agreement to merge.  With over $80 billion in assets
     and $50 billion in deposits, the combined institution will be
     based in Boston.

          The merged organization, which will be called Fleet Financial
     Group, will be the 9th largest bank in the country.  It will have
     about 900 branches and 27,000 employees when the merger is fully
     implemented.  Terrence Murray, chairman and chief executive
     officer of Fleet, will be president and chief executive officer of
     the new Fleet and Alvord will be chairman.

          Under the agreement, each share of Shawmut common stock would
     be exchanged for 0.8922 newly issued shares of Fleet common stock
     on a tax-free basis.

          Shawmut National is a superregional bank holding company with
     assets of $34 billion (as of March 31, 1995) and a franchise of
     over 360 branches and 600 ATMs.  One of the leading providers of
     financial services to consumers and small to medium-sized
     businesses in New England, Shawmut also provides services to
     corporate customers, correspondent banks and government units. 



                                             EXHIBIT 99.2

                                             777 Main Street
                                             Hartford, Connecticut  06115

     [SHAWMUT NATIONAL                       One Federal Street
      CORPORATION LOGO]                      Boston, Massachusetts  02211

     Contact:  NEWS MEDIA CONTACT:           INVESTOR CONTACT:
               Vincent Loporchio             Thomas R. Rice
               (617) 292-3239                (203) 986-4872

     SHAWMUT NATIONAL CORP. AUTHORIZES STOCK
     REPURCHASE AND DECLARES QUARTERLY DIVIDEND

          BOSTON, MASS. AND HARTFORD, CONN., JUNE 21, 1995 --  Shawmut
     National Corp. (NYSE:SNC) today announced that its board of
     directors has authorized the repurchase of shares of its common
     stock sufficient to offset the approximately 6.5 million shares
     issued on June 9, 1995 in connection with its acquisition of
     Northeast Federal Corp. and to buy back additional shares expected
     to be issued pursuant to its stock option plans.  There are
     approximately 4.8 million options outstanding.

          The company expects that the program will entail the
     repurchase of up to 9 million shares in 1995.  Purchases are
     authorized to begin immediately and may be made on the open market
     or in privately negotiated transactions.

          There were approximately 128.9 million shares of Shawmut
     National common stock outstanding as of June 16, 1995.

          In other action, the board also voted to pay a quarterly
     dividend on its common stock of $.22 per share.  The dividend is
     payable on July 15, 1995 to shareholders of record on July 5,
     1995.

          Shawmut National is a superregional bank holding company with
     assets of $34 billion (as of March 31, 1995) and a franchise of
     over 360 branches and 600 ATMs.  One of the leading providers of
     financial services to consumers and small to medium-sized
     businesses in New England, Shawmut also provides services to
     corporate customers, correspondent banks and government units.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 7565}]
{"company-data": {"conformed-name": "SHAWMUT NATIONAL CORP", "cik": "0000823393", "assigned-sic": "6021", "irs-number": "061212629", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10102", "film-number": "95549851"}, "business-address": {"street1": "777 MAIN ST", "city": "HARTFORD", "state": "CT", "zip": "06115", "phone": "2037282000"}, "mail-address": {"street1": "777 MAIN STREET-MSN 217", "city": "HARTFORD", "state": "CT", "zip": "06115"}}
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): June 21, 1995

                          SHAWMUT NATIONAL CORPORATION           

        Delaware             1-10102                   06-1212629        
     (State or other      (Commission File           (IRS Employer
     jurisdiction of         Number)                 Identification No.)
     incorporation)

             777 Main Street, Hartford, Connecticut         06115
             One Federal Street, Boston, Massachusetts      02211
             (Address of principal executive offices)       (Zip Code)
                                                                          
                                                             (203) 986-2000
         Registrant's telephone number, including area code: (617) 292-2000

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

     ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION 
               AND EXHIBITS.

               The following exhibits are filed with this Current
     Report on Form 8-K:

          EXHIBIT
          NUMBER              DESCRIPTION

          99.1           Press Release of Shawmut National
                         Corporation, dated June 21, 1995.

          99.2           Press Release of Shawmut National
                         Corporation, dated June 21, 1995.

                                 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.

                                   SHAWMUT NATIONAL CORPORATION

                                                   

                                    By: /s/ Joel B. Alvord 
                                        Joel B. Alvord
                                        Chairman and Chief Executive Officer

     Dated:  June 28, 1995

                                  EXHIBIT INDEX

          EXHIBIT                                                     PAGE
          NUMBER              DESCRIPTION                            NUMBER

          99.1                Press Release of Shawmut National 
                              Corporation, dated June 21, 1995.

          99.2                Press Release of Shawmut National
                              Corporation, dated June 21, 1995.

                                             EXHIBIT 99.1

                                             777 Main Street
                                             Hartford, Connecticut  06115

     [SHAWMUT NATIONAL                       One Federal Street
      CORPORATION LOGO]                      Boston, Massachusetts  02211

     Contact:  NEWS MEDIA CONTACT:           INVESTOR CONTACT:
               Vincent Loporchio             Thomas R. Rice
               (617) 292-3239                (203) 986-4872

     SHAWMUT NATIONAL CORP. STOCKHOLDERS APPROVE

     MERGER WITH FLEET FINANCIAL GROUP INC.

          BOSTON, MASS AND HARTFORD, CONN., JUNE 21, 1995 -- Shawmut
     National Corp. (NYSE:SNC) stockholders today voted at the
     company's annual meeting to approve the previously announced
     strategic merger with Fleet Financial Group Inc. (NYSE:FLT).  The
     meeting was held at the Federal Reserve Bank of Boston.

          The merger is subject to approval by federal and state
     regulators and is expected to be completed in the fourth quarter
     of this year.

          "Today's stockholder vote in favor of the Fleet-Shawmut
     merger is another important step toward creating New England's
     preeminent financial services institution," said Joel B. Alvord,
     Shawmut's chairman and chief executive officer.

          On February 21, 1995, Fleet and Shawmut announced a
     definitive agreement to merge.  With over $80 billion in assets
     and $50 billion in deposits, the combined institution will be
     based in Boston.

          The merged organization, which will be called Fleet Financial
     Group, will be the 9th largest bank in the country.  It will have
     about 900 branches and 27,000 employees when the merger is fully
     implemented.  Terrence Murray, chairman and chief executive
     officer of Fleet, will be president and chief executive officer of
     the new Fleet and Alvord will be chairman.

          Under the agreement, each share of Shawmut common stock would
     be exchanged for 0.8922 newly issued shares of Fleet common stock
     on a tax-free basis.

          Shawmut National is a superregional bank holding company with
     assets of $34 billion (as of March 31, 1995) and a franchise of
     over 360 branches and 600 ATMs.  One of the leading providers of
     financial services to consumers and small to medium-sized
     businesses in New England, Shawmut also provides services to
     corporate customers, correspondent banks and government units. 

                                             EXHIBIT 99.2

                                             777 Main Street
                                             Hartford, Connecticut  06115

     [SHAWMUT NATIONAL                       One Federal Street
      CORPORATION LOGO]                      Boston, Massachusetts  02211

     Contact:  NEWS MEDIA CONTACT:           INVESTOR CONTACT:
               Vincent Loporchio             Thomas R. Rice
               (617) 292-3239                (203) 986-4872

     SHAWMUT NATIONAL CORP. AUTHORIZES STOCK
     REPURCHASE AND DECLARES QUARTERLY DIVIDEND

          BOSTON, MASS. AND HARTFORD, CONN., JUNE 21, 1995 --  Shawmut
     National Corp. (NYSE:SNC) today announced that its board of
     directors has authorized the repurchase of shares of its common
     stock sufficient to offset the approximately 6.5 million shares
     issued on June 9, 1995 in connection with its acquisition of
     Northeast Federal Corp. and to buy back additional shares expected
     to be issued pursuant to its stock option plans.  There are
     approximately 4.8 million options outstanding.

          The company expects that the program will entail the
     repurchase of up to 9 million shares in 1995.  Purchases are
     authorized to begin immediately and may be made on the open market
     or in privately negotiated transactions.

          There were approximately 128.9 million shares of Shawmut
     National common stock outstanding as of June 16, 1995.

          In other action, the board also voted to pay a quarterly
     dividend on its common stock of $.22 per share.  The dividend is
     payable on July 15, 1995 to shareholders of record on July 5,
     1995.

          Shawmut National is a superregional bank holding company with
     assets of $34 billion (as of March 31, 1995) and a franchise of
     over 360 branches and 600 ATMs.  One of the leading providers of
     financial services to consumers and small to medium-sized
     businesses in New England, Shawmut also provides services to
     corporate customers, correspondent banks and government units.