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<B><P ALIGN="CENTER"><A NAME="OLE_LINK16"><A NAME="OLE_LINK17">SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B><FONT SIZE=3>Washington, D.C. 20549</P>
<P ALIGN="CENTER">--------------</P>
</FONT><FONT SIZE=4><P ALIGN="CENTER">FORM 8-K</P>
</B></FONT><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">Current Report</P>
<FONT SIZE=3><P ALIGN="CENTER">Pursuant to Section 13 or 15(d)</P>
<P ALIGN="CENTER">of The Securities Exchange Act of 1934</B> </P>
<B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Date of Report (Date of Earliest Event Reported): January 26, 2007</P>
<P ALIGN="CENTER">---------------</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<U><P ALIGN="CENTER">BANK OF THE JAMES FINANCIAL GROUP, INC.</P>
</B></U><P ALIGN="CENTER">(Exact Name of Registrant as Specified in Its Charter)</P>
<P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">&nbsp;</P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=646>
<TR><TD WIDTH="41%" VALIGN="TOP">
<B><U><P ALIGN="CENTER">Virginia</P>
</B></U><FONT SIZE=3><P ALIGN="CENTER">(State or other jurisdiction of</P>
<P ALIGN="CENTER">incorporation or organization)</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER">000-50548</P>
</B></U><P ALIGN="CENTER">(Commission File Number)</FONT></TD>
<TD WIDTH="41%" VALIGN="TOP">
<B><U><P ALIGN="CENTER">20-0500300</P>
</B></U><FONT SIZE=3><P ALIGN="CENTER">(I.R.S. Employer</P>
<P ALIGN="CENTER">Identification No.)</P>
<B><P ALIGN="CENTER"></B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER"></A></A>828 Main Street, Lynchburg, VA</P>
</B></U><P ALIGN="CENTER">(Address of principal executive offices)</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER">24504</P>
</B></U><P ALIGN="CENTER">(Zip Code)</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="41%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><U><FONT SIZE=3><P ALIGN="CENTER">(434) 846-2000</P>
</B></U><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>
<B><U><P ALIGN="CENTER"></B></U></FONT></TD>
</TR>
</TABLE>
<B><FONT SIZE=3><P ALIGN="CENTER">&nbsp;</P>
</B><P ALIGN="CENTER">&nbsp;</P>
<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<DIR>
<DIR>
<DIR>
<DIR>
<P>[  ]&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P>[  ]&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P>[  ]&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P>[  ]&#9;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</FONT>
<P>&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
<B><P>Item 2.02  -  Results of Operations and Financial Condition</P>
</B>
<P>On Friday, <A NAME="Text1">January 26, 2007</A>, Bank of the James Financial Group, Inc. (the &quot;Company&quot;) issued a press release announcing its earnings for the fiscal quarter ended <A NAME="Text2">December 31, 2006</A>, the Company's fourth fiscal quarter.  A copy of the press release is attached hereto as <U>Exhibit 99.1</U> (the &quot;Press Release&quot;).</P>
<B><P>Item 9.01  -  Financial Statements and Exhibits.</P>
</B>
<P>(a)  Financial statements of businesses acquired - not applicable</P>
<P>(b)  Pro forma financial information - not applicable</P>
<P>(c)  Exhibits</P>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=511>
<TR><TD WIDTH="21%" VALIGN="TOP">
<U><P>Exhibit No.</U></TD>
<TD WIDTH="79%" VALIGN="TOP">
<U><P>Exhibit Description</U></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="TOP">
<P>99.1</TD>
<TD WIDTH="79%" VALIGN="TOP">
<P>Bank of the James Financial Group, Inc. Press Release dated January 26, 2007</TD>
</TR>
</TABLE>
</CENTER></P>
<B><P ALIGN="CENTER">SIGNATURE</P>
</B>
<P>&#9;In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<FONT SIZE=3></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=544>
<TR><TD WIDTH="49%" VALIGN="TOP">
<P>Date:  January 31, 2007</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>BANK OF THE JAMES FINANCIAL GROUP, INC.</P>
</TD>
</TR>
<TR><TD WIDTH="49%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="51%" VALIGN="TOP">
<P>By <U>/s/ J. Todd Scruggs&#9;</P><DIR>
</U><P>J. Todd Scruggs</P>
<P>Secretary-Treasurer</DIR>
</TD>
</TR>
</TABLE>
</CENTER></P>
<B><P ALIGN="CENTER">EXHIBIT INDEX</P>
</B>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="17%" VALIGN="TOP">
<U><P ALIGN="CENTER">Exhibit No.</U></TD>
<TD WIDTH="83%" VALIGN="TOP">
<U><P>Exhibit Description</U></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="TOP" HEIGHT=3>
<P ALIGN="CENTER">99.1</TD>
<TD WIDTH="83%" VALIGN="TOP" HEIGHT=3>
<P>Bank of the James Financial Group, Inc. Press Release dated January 26, 2007</TD>
</TR>
</TABLE>
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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 26, 2007
---------------
BANK OF THE JAMES FINANCIAL GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Virginia
(State or other jurisdiction of
incorporation or organization)
000-50548
(Commission File Number)
20-0500300
(I.R.S. Employer
Identification No.)
828 Main Street, Lynchburg, VA
(Address of principal executive offices)
24504
(Zip Code)
(434) 846-2000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02  -  Results of Operations and Financial Condition
On Friday,
January 26, 2007
, Bank of the James Financial Group, Inc. (the "Company") issued a press release announcing its earnings for the fiscal quarter ended
December 31, 2006
, the Company's fourth fiscal quarter.  A copy of the press release is attached hereto as
Exhibit 99.1
(the "Press Release").
Item 9.01  -  Financial Statements and Exhibits.
(a)  Financial statements of businesses acquired - not applicable
(b)  Pro forma financial information - not applicable
(c)  Exhibits
Exhibit No.
Exhibit Description
99.1
Bank of the James Financial Group, Inc. Press Release dated January 26, 2007
SIGNATURE
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date:  January 31, 2007
BANK OF THE JAMES FINANCIAL GROUP, INC.
By
/s/ J. Todd Scruggs
J. Todd Scruggs
Secretary-Treasurer
EXHIBIT INDEX
Exhibit No.
Exhibit Description
99.1
Bank of the James Financial Group, Inc. Press Release dated January 26, 2007