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<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>SECURITIES
AND EXCHANGE COMMISSION<br>
Washington,
D.C. 20549</B></FONT></FONT></H1>



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<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>FORM S-8<br>
REGISTRATION STATEMENT<br>
UNDER<br>
THE SECURITIES ACT OF 1933</B></FONT></FONT></H1>


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 <p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB&amp;T CORPORATION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b></font><br>
 <FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(Exact name of registrant as specified in its charter)</FONT></FONT></p>


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     <TD WIDTH="52%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NORTH CAROLINA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b></FONT></TD>
     <TD WIDTH="47%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56-0939887&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b></FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(State or other jurisdiction of</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(I.R.S. Employer Identification</FONT></TD></TR>
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     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">incorporation of organization)</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Number)</FONT></TD></TR>
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<p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><B>200 West Second Street<br>
 <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Winston-Salem, North Carolina 27101&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b></font><br>
<FONT FACE="Times New Roman, Times, Serif" FONT SIZE="2">(Address of principal executive offices, including zip code)</FONT></p>

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<p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><B>BB&amp;T CORPORATION<br>
NON-QUALIFIED DEFINED CONTRIBUTION PLAN<BR>
(As Amended and Restated)<br></b></FONT></p>


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<p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><B>BB&amp;T CORPORATION<br>
NON-EMPLOYEE DIRECTORS&#146; DEFERRED<BR>
COMPENSATION AND STOCK OPTION PLAN<BR>
<U>&nbsp;&nbsp;&nbsp;(As Amended and Restated)&nbsp;&nbsp;&nbsp;</U><br></b></FONT>
<FONT FACE="Times New Roman, Times, Serif" FONT SIZE="2">(Full title of the plans)</FONT></p>



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<p ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><B>M. Patricia Oliver<br>
Executive Vice President<br>
and General Counsel<br>
BB&amp;T Corporation<br>
200 West Second Street<br>
3rd Floor<br>
Winston-Salem, North Carolina 27101<br>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(336) 733-2180&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></b></font><br>
<FONT FACE="Times New Roman, Times, Serif" FONT SIZE="2">(Name, address and telephone number, including area code,<br>
of agent for service)<br>
</FONT></p>






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<P ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>CALCULATION OF REGISTRATION FEE</b><br><hr size=2 noshade color=black></font></P>



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     <TD WIDTH="24%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="22%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="19%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>Proposed</b></FONT></TD>
     <TD WIDTH="17%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>Proposed</b></FONT></TD>
     <TD WIDTH="18%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>Title of</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>maximum</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>maximum</b></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>securities</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>Amount</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>offering</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>aggregate</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>Amount of</b></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>to be</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>to be</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>price</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>offering</b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>registration</b></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>registered&nbsp;</U></b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>registered&nbsp;</U></b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>per unit</U></b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>price (2)&nbsp;</U></b></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>fee (2)&nbsp;</U></b></FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Deferred</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
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     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Compensation</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Obligations (1)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">$100,000,000</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">100%</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">$100,000,000</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">$12,670</FONT></TD></TR>
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     <TD ALIGN="left" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(1)</font></TD>
     <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font></TD>
     <TD WIDTH="94%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
The Deferred Compensation Obligations consist of unsecured obligations of BB&amp;T Corporation to pay deferred
 compensation in the future in accordance with the terms of the BB&amp;T Corporation Non-Qualified Defined
 Contribution Plan, as amended and restated, and BB&amp;T Corporation Non-Employee Directors' Deferred
 Compensation and Stock Option Plan, as amended and restated.</font></P></TD>
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     <TD ALIGN="left" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(2)</font></TD>
     <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font></TD>
     <TD WIDTH="94%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(h).</font></P></TD>
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<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>PART
II</B></FONT></FONT></H1>

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<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></FONT></H1>

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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 3</u>.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;<u>Incorporation of Documents by Reference</u>.</FONT></H1>



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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed by BB&amp;T Corporation (the &#147;Company&#148; or
&#147;BB&amp;T&#148;) with the Securities and Exchange Commission (the
&#147;Commission&#148;) under the Securities Exchange Act of 1934, as amended
(the &#147;Exchange Act&#148;), are incorporated herein by reference:</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
The Company&#146;s Annual Report on Form 10-K for the year ended December 31,
2003, filed with the Commission on March 8, 2004;</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
The Company&#146;s Quarterly Reports on Form 10-Q for the quarter ended March
31, 2004, filed with the Commission on May<B> </B>7<B>, </B>2004, and for the
quarter ended June 30, 2004, filed with the Commission on August 6,
2004;</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
The Company&#146;s Current Reports on Form 8-K filed with the Commission on
February 13, 2004, March 19, 2004 and May 3, 2004;</font> </P>



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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)
All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
since the end of the fiscal year referred to in (a) above.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or
which deregisters all securities remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of the
filing of such documents.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to General Instruction E to Form S-8, the contents of Registration Statements
No. 333-50035 and 33-55604 relating to the offer and sale of deferred
compensation obligations under the BB&amp;T Corporation Non-Qualified Defined
Contribution Plan and the BB&amp;T Corporation Non-Employee Directors&#146;
Deferred Compensation and Stock Option Plan are incorporated by reference in
this Registration Statement on Form S-8.</font> </P>

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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 4</u>.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<u>Description of Securities</u>.</FONT></H1>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
deferred compensation obligations of the Company (the &#147;Deferred
Compensation Obligations&#148;) being registered herein are issuable under the
terms of the BB&amp;T Corporation Non-Qualified Defined Contribution Plan (the
&#147;Defined Contribution Plan&#148;) and the BB&amp;T Corporation Non-Employee
Directors&#146; Deferred Compensation and Stock Option Plan (the
&#147;Directors&#146; Plan&#148;) (individually, a &#147;Plan,&#148; and
collectively, the &#147;Plans&#148;). Capitalized terms used without definition
herein have the meanings given such terms in the respective Plan. References to
the &#147;Company&#148; include affiliates of the Company unless the context
otherwise requires.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Defined Contribution Plan is intended to supplement net assets available to certain
participants in the BB&amp;T Corporation 401(k) Savings Plan to the extent that
such benefits are curtailed by the application of certain limits imposed by the
Internal Revenue Code of 1986, as amended (the &#147;Code&#148;). The Defined
Contribution Plan is also intended to provide certain participants in the
Company&#146;s executive incentive compensation plans with an effective means of
deferring on a pre-tax basis all or a portion of the payments such participants
are entitled to receive under such plans.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Directors&#146; Plan is intended to provide non-employee director participants
the opportunity to defer receipt of all or a portion of the compensation
received for service on the Board of Directors of the Company (the
&#147;Board&#148;). The Directors&#146; Plan also permits certain participants
to elect to receive options for shares of the Company&#146;s common stock in
lieu of the compensation received for service on the Board.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Deferred Compensation Obligations constitute general unsecured obligations of
the Company to the participant and are not convertible into another security of
the Company. However, as described below, certain amounts previously deferred
under a predecessor plan of the Defined Contribution Plan may be distributed in
shares of the Company&#146;s Common Stock at the participant&#146;s option.</font> </P>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 1</font></P>



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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits
are payable solely from the Company&#146;s general assets and are subject to the
risk of corporate insolvency. Notwithstanding the foregoing, the Company has
established a separate trust, entitled the &#147;BB&amp;T Corporation
Non-Qualified Deferred Compensation Trust&#148; (the &#147;Trust&#148;), to
which the Company may make contributions from time to time in order to fund its
obligations under the Plans. Branch Banking and Trust Company serves as trustee
(the &#147;Trustee&#148;) under the Trust pursuant to a Trust Agreement, as
amended and restated effective November 1, 2001, and further amended October
22, 2002, between the Company and the
Trustee. The Trustee is a wholly-owned bank subsidiary of the Company. The
assets of the Trust are subject to the claims of the Company&#146;s general
creditors in the event the Company becomes insolvent or bankrupt. Pursuant to
the terms of the Trust, the Company shall indemnify and hold the Trustee
harmless from and against losses, damages, costs, expenses and liabilities of
the Trustee associated with the Trust except for acts or omissions of the
Trustee which constitute gross negligence or willful misconduct.</font> </P>


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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE="3">No
participant  or beneficiary  shall have any legal or equitable rights,  interest or
claims in  any particular asset of the Trust or the Company by reason of the Company's
obligations.  Further,  the Trust does not  create any preferred claim over creditors of
the Company for any Plan  participant. All rights of a Plan participant against the
Company shall remain  unsecured contractual rights of a participant. A participant&#146;s
right to the  Deferred Compensation Obligations cannot be transferred, assigned, pledged
or  encumbered except by a written designation of a beneficiary under the terms of  the
respective Plan.</font></font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amount of compensation to be deferred by each participant is determined in
accordance with the terms of each respective Plan based on elections by the
participant. Deferred amounts are credited to each participant&#146;s account.
Amounts in a participant&#146;s account will be indexed to one or more
investment media individually chosen by a participant from the investment media
available under the respective Plan. Each participant&#146;s account will be
adjusted to reflect the investment performance of the selected media, including
any appreciation or depreciation. Amounts deferred are fully vested at all times
(except for certain matching contributions made by the Company under the Defined
Contribution Plan). There is no trading market for the Deferred Compensation
Obligations.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as provided below, benefits based on the Deferred Compensation Obligations are
payable solely in cash following termination of the participant&#146;s service
or employment upon certain distribution dates available to the participant (and
in limited cases where hardship withdrawals are permitted). Notwithstanding the
foregoing, certain amounts previously deferred under a predecessor plan of the
Defined Contribution Plan may be distributed in shares of the Company&#146;s
Common Stock.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plans may be amended or terminated by the Board at any time; provided, that in
no event may such termination or amendment reduce any participant&#146;s accrued
benefit with respect to the Deferred Compensation Obligations as of the date of
such amendment or termination, nor shall any such amendment affect the terms of
the respective Plan relating to the payment of such accrued benefit without the
participant&#146;s prior written consent to such amendment. In addition, with
respect to options granted under the Directors&#146; Plan, no such amendment may
adversely affect outstanding options or any unexercised rights thereunder or in
any way impair the rights of an optionee with respect to his options, without
the optionee&#146;s consent. The Plans are administered by an administrative
committee appointed by the Board.</font> </P>

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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 5</u>.&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;<u>Interests of Named Experts and Counsel</u>.</FONT></H1>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
legality of the securities offered hereby has been passed upon for the Company
by Womble Carlyle Sandridge &amp; Rice, PLLC, counsel to the Company. Attorneys
of the firm hold an aggregate of approximately 78,000 shares of Common Stock of
the Company.</font> </P>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 2</font></P>



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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 6</u>.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification of Directors and Officers</u>.</FONT></H1>


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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif" SIZE="3">Sections
55-8-50 through 55-8-58 of the North Carolina  Business  Corporation Act contain
specific  provisions  relating to  indemnification  of directors and officers  of North
Carolina  corporations.  In general,  such sections provide that: (i) a corporation must
indemnify a director or  officer who is wholly successful in his defense of a proceeding
to which he is a  party because of his status as such, unless limited by the articles of
incorporation, and (ii) a corporation may indemnify a director or officer if he  is not
wholly successful in such defense if it is determined, as provided by  statute, that the
director or officer meets a certain standard of conduct,  except that when a director or
officer is liable to the corporation or is  adjudged liable on the basis that personal
benefit was improperly received by  him, the corporation may not indemnify him. A
director or officer of a  corporation who is a party to a proceeding may also apply to a
court for  indemnification, and the court may order indemnification under certain
circumstances set forth by statute. A corporation may, in its articles of  incorporation
or bylaws or by contract or resolution of the board of directors,  provide
indemnification in addition to that provided by statute, subject to  certain conditions.</font></font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s bylaws provide for the indemnification of any director or officer
of the Company against liabilities and litigation expenses arising out of his
status as such, excluding any liabilities or litigation expenses relating to
activities that were at the time taken known or believed by such person to be
clearly in conflict with the best interest of the Company.</font> </P>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s articles of incorporation provide for the elimination of the
personal liability of each director of the Company to the fullest extent
permitted by law.</font> </P>

<!-- MARKER FORMAT-SHEET="Para Left Align" -->
<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company maintains directors&#146; and officers&#146; liability insurance that,
in general, insures: (i) the Company&#146;s directors and officers against loss
by reason of any of their wrongful acts and (ii) the Company against loss
arising from claims against the directors and officers by reason of their
wrongful acts, all subject to the terms and conditions contained in the policy.</font> </P>

<!-- MARKER FORMAT-SHEET="Para Left Align" -->
<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
rules of the Federal Deposit Insurance Corporation limit the ability of certain
depository institutions, their subsidiaries and their affiliated depository
institution holding companies to indemnify institution- affiliated parties,
including institution directors. In general, the rules prohibit such
institutions from indemnifying a director for certain costs incurred with regard
to an administrative or enforcement action commenced by any federal banking
agency that results in a final order or settlement pursuant to which the
director is assessed a civil money penalty, removed from office, prohibited from
participating in the affairs of an insured depository institution or required to
cease and desist from or take an affirmative action described in Section 8(b) of
the Federal Deposit Insurance Act (12 U.S.C. &sect; 1818(b)).</font> </P>

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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 7</u>.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<u>Exemption from Registration Claimed</u>.</FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Left Align" -->
<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</font> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Underline" -->
<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 8</u>.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<u>Exhibits</u>.</FONT></H1>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following exhibits are filed as a part of this Registration Statement:</font> </P>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b><U>Exhibit No.</U></b></font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
<b><U>Description</U></b></font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">5</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Opinion
of Womble Carlyle Sandridge &amp; Rice, PLLC, counsel to the Company.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.1</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Consent
of Womble Carlyle Sandridge &amp; Rice, PLLC, counsel to the Company (included in Exhibit
5).</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.2</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Consent
of PricewaterhouseCoopers LLP.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.3</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Explanatory
Note regarding Arthur Andersen LLP.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">24.1</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Power
of Attorney of Directors and Officers of the Company.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="9%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">24.2</font></TD>
     <TD WIDTH="85%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Certified
Resolution of the Board of Directors of BB&amp;T.</font></P></TD>
</TR>
</TABLE>
<BR>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 3</font></P>



<hr size=3 noshade color=maroon><br>





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<H1 ALIGN="left"><FONT FACE="Times New Roman, Times, Serif" FONT SIZE="3"><u>Item 9</u>.&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<u>Undertakings</u>.</FONT></H1>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="left" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(a)</font></TD>
     <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font></TD>
     <TD WIDTH="88%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font><FONT FACE="Times New Roman, Times, Serif" SIZE="3"> The
undersigned registrant hereby undertakes:</font></font></font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(1) </font></TD>
     <TD WIDTH="91%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"> To
file, during any period in which offers or sales are being made, a  post-effective
amendment to this Registration Statement:</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="11%">(i)</TD>
     <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
     <TD WIDTH="86%"><P ALIGN="justify">
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the
&#147;Securities Act&#148;); </P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="11%">(ii)</TD>
     <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
     <TD WIDTH="86%"><P ALIGN="justify">
To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the Registration Statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20% change in the maximum aggregate offering price set
forth in the &#147;Calculation of Registration Fee&#148; table in the effective
Registration Statement; </P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="11%">(iii)</TD>
     <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
     <TD WIDTH="86%"><P ALIGN="justify">
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement; </P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="9%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD width="91%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>provided</U>,
<U>however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3, Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those paragraphs is  contained
in periodic reports filed with or furnished to the Commission by the  Company pursuant to
Section 13 or Section 15(d) of the Exchange Act that are  incorporated by reference in
the Registration Statement.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(2)</font></TD>
     <TD WIDTH="91%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="right" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></font></TD>
     <TD ALIGN="left" WIDTH="6%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(3)</font></TD>
     <TD WIDTH="91%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="left" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(b)</font></TD>
     <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font></TD>
     <TD WIDTH="88%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
The Company hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Company&#146;s annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD ALIGN="left" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(c)</font></TD>
     <TD ALIGN="LEFT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</font></TD>
     <TD WIDTH="88%"><P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer
or controlling person of the Company in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.</font></P></TD>
</TR>
</TABLE>
<BR>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 4</font></P>



<hr size=3 noshade color=maroon><br>




<!-- MARKER FORMAT-SHEET="Head Major" -->
<A NAME="A021"></A>
<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B><U>SIGNATURES</U></B></FONT></FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major" -->
<A NAME="A022"></A>
<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>THE
REGISTRANT</B></FONT></FONT></H1>

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<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, BB&amp;T Corporation
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Winston-Salem, State of North Carolina, on this 12<sup><U>th</U></sup>
day of August, 2004.</font> </P>

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<A NAME="A023"></A>
<H1 ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B></B></FONT></FONT></H1>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH colspan=1><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TH>
     <TH colspan=2 align=left><FONT FACE="Times New Roman, Times, Serif" SIZE="3">BB&amp;T CORPORATION</FONT></TH>
     </TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></tr>
<TR VALIGN="BOTTOM">
     <TD WIDTH="45%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="5%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">By:</FONT></TD>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ M. Patricia Oliver&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">M. Patricia Oliver</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Executive Vice President</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">and General Counsel</FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Para Left Align" -->
<P ALIGN="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated on
August 12, 2004.</font> </P>







<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ John A. Allison IV *</U></FONT></TD>
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Scott E. Reed *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">John A. Allison IV</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Scott E. Reed</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Chairman of the Board and</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Senior Executive Vice President</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Chief Executive Officer</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">and Chief Financial Officer</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(principal executive officer)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(principal financial officer)</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Edward D. Vest *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Nelle Ratrie Chilton *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Edward D. Vest</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Nelle Ratrie Chilton</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Senior Vice President and</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Corporate Controller</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(principal accounting officer)</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Jennifer S. Banner *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Alfred E. Cleveland *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Jennifer S. Banner</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Alfred E. Cleveland</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Ronald E. Deal *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Tom D. Efird *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Ronald E. Deal</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Tom D. Efird</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Barry J. Fitzpatrick *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Lloyd Vincent Hackley *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Barry J. Fitzpatrick</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Dr. Lloyd Vincent Hackley</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Jane P. Helm *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ J. Ernest Lathem *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Jane P. Helm</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">J. Ernest Lathem, M.D.</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ James H. Maynard *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Albert O. McCauley *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">James H. Maynard</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Albert O. McCauley</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
</table><br>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 5</font></P>

<hr size=3 noshade color=maroon><br>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ J. Holmes Morrison *</U></FONT></TD>
     <TD WIDTH="10%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Richard L. Player, Jr. *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">J. Holmes Morrison</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Richard L. Player, Jr.</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ E. Rhone Sasser *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Nido R. Qubein</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">E. Rhone Sasser</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Jack E. Shaw *</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ Albert F. Zettlemoyer *</U></FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Jack E. Shaw</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Albert F. Zettlemoyer</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Director</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">*By:</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>/s/ M. Patricia Oliver</U></FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name: M. Patricia Oliver</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Attorney-in-Fact</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
</TABLE><br>
<br><br><br><br><br><br><br>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">II - 6</font></P>

<hr size=3 noshade color=maroon><br>




<!-- MARKER FORMAT-SHEET="Head Minor Center" -->
<P ALIGN="center"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><b>EXHIBIT INDEX<br>
to<br>
Registration Statement on Form S-8 of<br>
 BB&amp;T Corporation</b></font></P>



<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="100%">
<TR VALIGN="TOP">
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>Exhibit No.</U></FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><U>Description</U></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="12%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD WIDTH="88%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">5</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Opinion of Womble Carlyle Sandridge &amp; Rice, PLLC, counsel to the Company.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.1</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Consent of Womble Carlyle Sandridge &amp; Rice, PLLC, counsel to the Company (included in Exhibit 5).</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.2</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Consent of PricewaterhouseCoopers LLP.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">23.3</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Explanatory Note regarding Arthur Andersen LLP.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">24.1</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Power of Attorney of Directors and Officers of the Company.</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">24.2</FONT></TD>
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Certified Resolution of the Board of Directors of BB&amp;T.</FONT></TD></TR>
</TABLE><br>






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{"company-data": {"conformed-name": "BB&T CORP", "cik": "0000092230", "assigned-sic": "6021", "irs-number": "560939887", "state-of-incorporation": "NC", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-118154", "film-number": "04969585"}, "business-address": {"street1": "200 WEST SECOND STREET", "city": "WINSTON-SALEM", "state": "NC", "zip": "27101", "phone": "3367332000"}, "mail-address": {"street1": "200 WEST SECOND STREET", "city": "WINSTON-SALEM", "state": "NC", "zip": "27101"}, "former-company": {"former-conformed-name": "SOUTHERN NATIONAL CORP /NC/", "date-changed": "19920703"}}
Non-Employee Directors' Deferred Compensation and Stock Option Plan
_________________
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
_________________
BB&T CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA
56-0939887
(State or other jurisdiction of
(I.R.S. Employer Identification
incorporation of organization)
Number)
200 West Second Street
Winston-Salem, North Carolina 27101
(Address of principal executive offices, including zip code)
BB&T CORPORATION
NON-QUALIFIED DEFINED CONTRIBUTION PLAN
(As Amended and Restated)
BB&T CORPORATION
NON-EMPLOYEE DIRECTORS' DEFERRED
COMPENSATION AND STOCK OPTION PLAN
(As Amended and Restated)
(Full title of the plans)
M. Patricia Oliver
Executive Vice President
and General Counsel
BB&T Corporation
200 West Second Street
3rd Floor
Winston-Salem, North Carolina 27101
(336) 733-2180
(Name, address and telephone number, including area code,
of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title of
maximum
maximum
securities
Amount
offering
aggregate
Amount of
to be
to be
price
offering
registration
registered
registered
per unit
price (2)
fee (2)
Deferred
Compensation
Obligations (1)
$100,000,000
100%
$100,000,000
$12,670
(1)
The Deferred Compensation Obligations consist of unsecured obligations of BB&T Corporation to pay deferred
 compensation in the future in accordance with the terms of the BB&T Corporation Non-Qualified Defined
 Contribution Plan, as amended and restated, and BB&T Corporation Non-Employee Directors' Deferred
 Compensation and Stock Option Plan, as amended and restated.
(2)
Estimated solely for the purpose of determining the registration fee pursuant to Rule 457(h).
_________________
PART
II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3
.
Incorporation of Documents by Reference
.
The
following documents filed by BB&T Corporation (the "Company" or
"BB&T") with the Securities and Exchange Commission (the
"Commission") under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), are incorporated herein by reference:
(a)
The Company's Annual Report on Form 10-K for the year ended December 31,
2003, filed with the Commission on March 8, 2004;
(b)
The Company's Quarterly Reports on Form 10-Q for the quarter ended March
31, 2004, filed with the Commission on May
7
,
2004, and for the
quarter ended June 30, 2004, filed with the Commission on August 6,
2004;
(c)
The Company's Current Reports on Form 8-K filed with the Commission on
February 13, 2004, March 19, 2004 and May 3, 2004;
(d)
All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act
since the end of the fiscal year referred to in (a) above.
All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
14 and 15(d) of the Exchange Act, prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or
which deregisters all securities remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of the
filing of such documents.
Pursuant
to General Instruction E to Form S-8, the contents of Registration Statements
No. 333-50035 and 33-55604 relating to the offer and sale of deferred
compensation obligations under the BB&T Corporation Non-Qualified Defined
Contribution Plan and the BB&T Corporation Non-Employee Directors'
Deferred Compensation and Stock Option Plan are incorporated by reference in
this Registration Statement on Form S-8.
Item 4
.
Description of Securities
.
The
deferred compensation obligations of the Company (the "Deferred
Compensation Obligations") being registered herein are issuable under the
terms of the BB&T Corporation Non-Qualified Defined Contribution Plan (the
"Defined Contribution Plan") and the BB&T Corporation Non-Employee
Directors' Deferred Compensation and Stock Option Plan (the
"Directors' Plan") (individually, a "Plan," and
collectively, the "Plans"). Capitalized terms used without definition
herein have the meanings given such terms in the respective Plan. References to
the "Company" include affiliates of the Company unless the context
otherwise requires.
The
Defined Contribution Plan is intended to supplement net assets available to certain
participants in the BB&T Corporation 401(k) Savings Plan to the extent that
such benefits are curtailed by the application of certain limits imposed by the
Internal Revenue Code of 1986, as amended (the "Code"). The Defined
Contribution Plan is also intended to provide certain participants in the
Company's executive incentive compensation plans with an effective means of
deferring on a pre-tax basis all or a portion of the payments such participants
are entitled to receive under such plans.
The
Directors' Plan is intended to provide non-employee director participants
the opportunity to defer receipt of all or a portion of the compensation
received for service on the Board of Directors of the Company (the
"Board"). The Directors' Plan also permits certain participants
to elect to receive options for shares of the Company's common stock in
lieu of the compensation received for service on the Board.
The
Deferred Compensation Obligations constitute general unsecured obligations of
the Company to the participant and are not convertible into another security of
the Company. However, as described below, certain amounts previously deferred
under a predecessor plan of the Defined Contribution Plan may be distributed in
shares of the Company's Common Stock at the participant's option.
II - 1
Benefits
are payable solely from the Company's general assets and are subject to the
risk of corporate insolvency. Notwithstanding the foregoing, the Company has
established a separate trust, entitled the "BB&T Corporation
Non-Qualified Deferred Compensation Trust" (the "Trust"), to
which the Company may make contributions from time to time in order to fund its
obligations under the Plans. Branch Banking and Trust Company serves as trustee
(the "Trustee") under the Trust pursuant to a Trust Agreement, as
amended and restated effective November 1, 2001, and further amended October
22, 2002, between the Company and the
Trustee. The Trustee is a wholly-owned bank subsidiary of the Company. The
assets of the Trust are subject to the claims of the Company's general
creditors in the event the Company becomes insolvent or bankrupt. Pursuant to
the terms of the Trust, the Company shall indemnify and hold the Trustee
harmless from and against losses, damages, costs, expenses and liabilities of
the Trustee associated with the Trust except for acts or omissions of the
Trustee which constitute gross negligence or willful misconduct.
No
participant  or beneficiary  shall have any legal or equitable rights,  interest or
claims in  any particular asset of the Trust or the Company by reason of the Company's
obligations.  Further,  the Trust does not  create any preferred claim over creditors of
the Company for any Plan  participant. All rights of a Plan participant against the
Company shall remain  unsecured contractual rights of a participant. A participant's
right to the  Deferred Compensation Obligations cannot be transferred, assigned, pledged
or  encumbered except by a written designation of a beneficiary under the terms of  the
respective Plan.
The
amount of compensation to be deferred by each participant is determined in
accordance with the terms of each respective Plan based on elections by the
participant. Deferred amounts are credited to each participant's account.
Amounts in a participant's account will be indexed to one or more
investment media individually chosen by a participant from the investment media
available under the respective Plan. Each participant's account will be
adjusted to reflect the investment performance of the selected media, including
any appreciation or depreciation. Amounts deferred are fully vested at all times
(except for certain matching contributions made by the Company under the Defined
Contribution Plan). There is no trading market for the Deferred Compensation
Obligations.
Except
as provided below, benefits based on the Deferred Compensation Obligations are
payable solely in cash following termination of the participant's service
or employment upon certain distribution dates available to the participant (and
in limited cases where hardship withdrawals are permitted). Notwithstanding the
foregoing, certain amounts previously deferred under a predecessor plan of the
Defined Contribution Plan may be distributed in shares of the Company's
Common Stock.
The
Plans may be amended or terminated by the Board at any time; provided, that in
no event may such termination or amendment reduce any participant's accrued
benefit with respect to the Deferred Compensation Obligations as of the date of
such amendment or termination, nor shall any such amendment affect the terms of
the respective Plan relating to the payment of such accrued benefit without the
participant's prior written consent to such amendment. In addition, with
respect to options granted under the Directors' Plan, no such amendment may
adversely affect outstanding options or any unexercised rights thereunder or in
any way impair the rights of an optionee with respect to his options, without
the optionee's consent. The Plans are administered by an administrative
committee appointed by the Board.
Item 5
.
Interests of Named Experts and Counsel
.
The
legality of the securities offered hereby has been passed upon for the Company
by Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company. Attorneys
of the firm hold an aggregate of approximately 78,000 shares of Common Stock of
the Company.
II - 2
Item 6
.
Indemnification of Directors and Officers
.
Sections
55-8-50 through 55-8-58 of the North Carolina  Business  Corporation Act contain
specific  provisions  relating to  indemnification  of directors and officers  of North
Carolina  corporations.  In general,  such sections provide that: (i) a corporation must
indemnify a director or  officer who is wholly successful in his defense of a proceeding
to which he is a  party because of his status as such, unless limited by the articles of
incorporation, and (ii) a corporation may indemnify a director or officer if he  is not
wholly successful in such defense if it is determined, as provided by  statute, that the
director or officer meets a certain standard of conduct,  except that when a director or
officer is liable to the corporation or is  adjudged liable on the basis that personal
benefit was improperly received by  him, the corporation may not indemnify him. A
director or officer of a  corporation who is a party to a proceeding may also apply to a
court for  indemnification, and the court may order indemnification under certain
circumstances set forth by statute. A corporation may, in its articles of  incorporation
or bylaws or by contract or resolution of the board of directors,  provide
indemnification in addition to that provided by statute, subject to  certain conditions.
The
Company's bylaws provide for the indemnification of any director or officer
of the Company against liabilities and litigation expenses arising out of his
status as such, excluding any liabilities or litigation expenses relating to
activities that were at the time taken known or believed by such person to be
clearly in conflict with the best interest of the Company.
The
Company's articles of incorporation provide for the elimination of the
personal liability of each director of the Company to the fullest extent
permitted by law.
The
Company maintains directors' and officers' liability insurance that,
in general, insures: (i) the Company's directors and officers against loss
by reason of any of their wrongful acts and (ii) the Company against loss
arising from claims against the directors and officers by reason of their
wrongful acts, all subject to the terms and conditions contained in the policy.
Certain
rules of the Federal Deposit Insurance Corporation limit the ability of certain
depository institutions, their subsidiaries and their affiliated depository
institution holding companies to indemnify institution- affiliated parties,
including institution directors. In general, the rules prohibit such
institutions from indemnifying a director for certain costs incurred with regard
to an administrative or enforcement action commenced by any federal banking
agency that results in a final order or settlement pursuant to which the
director is assessed a civil money penalty, removed from office, prohibited from
participating in the affairs of an insured depository institution or required to
cease and desist from or take an affirmative action described in Section 8(b) of
the Federal Deposit Insurance Act (12 U.S.C. § 1818(b)).
Item 7
.
Exemption from Registration Claimed
.
Not
applicable.
Item 8
.
Exhibits
.
The
following exhibits are filed as a part of this Registration Statement:
Exhibit No.
Description
5
Opinion
of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company.
23.1
Consent
of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company (included in Exhibit
5).
23.2
Consent
of PricewaterhouseCoopers LLP.
23.3
Explanatory
Note regarding Arthur Andersen LLP.
24.1
Power
of Attorney of Directors and Officers of the Company.
24.2
Certified
Resolution of the Board of Directors of BB&T.
II - 3
Item 9
.
Undertakings
.
(a)
The
undersigned registrant hereby undertakes:
(1)
To
file, during any period in which offers or sales are being made, a  post-effective
amendment to this Registration Statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the
"Securities Act");
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the
Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the Registration Statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered
would not exceed that which was registered) and any deviation from the low or high end of
the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
price represent no more than a 20% change in the maximum aggregate offering price set
forth in the "Calculation of Registration Fee" table in the effective
Registration Statement;
(iii)
To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
registration statement is on Form S-3, Form S-8 or Form F-3, and the information
required to be included in a post-effective amendment by those paragraphs is  contained
in periodic reports filed with or furnished to the Commission by the  Company pursuant to
Section 13 or Section 15(d) of the Exchange Act that are  incorporated by reference in
the Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act,
each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)
The Company hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the Company's annual report
pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may
be permitted to directors, officers and controlling persons of the Company
pursuant to the foregoing provisions, or otherwise, the Company has been advised
that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer
or controlling person of the Company in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Company will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
II - 4
SIGNATURES
THE
REGISTRANT
Pursuant
to the requirements of the Securities Act of 1933, BB&T Corporation
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Winston-Salem, State of North Carolina, on this 12
th
day of August, 2004.
BB&T CORPORATION
By:
/s/ M. Patricia Oliver
M. Patricia Oliver
Executive Vice President
and General Counsel
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement
has been signed by the following persons in the capacities indicated on
August 12, 2004.
/s/ John A. Allison IV *
/s/ Scott E. Reed *
Name:
John A. Allison IV
Name:
Scott E. Reed
Title:
Chairman of the Board and
Title:
Senior Executive Vice President
Chief Executive Officer
and Chief Financial Officer
(principal executive officer)
(principal financial officer)
/s/ Edward D. Vest *
/s/ Nelle Ratrie Chilton *
Name:
Edward D. Vest
Name:
Nelle Ratrie Chilton
Title:
Senior Vice President and
Title:
Director
Corporate Controller
(principal accounting officer)
/s/ Jennifer S. Banner *
/s/ Alfred E. Cleveland *
Name:
Jennifer S. Banner
Name:
Alfred E. Cleveland
Title:
Director
Title:
Director
/s/ Ronald E. Deal *
/s/ Tom D. Efird *
Name:
Ronald E. Deal
Name:
Tom D. Efird
Title:
Director
Title:
Director
/s/ Barry J. Fitzpatrick *
/s/ Lloyd Vincent Hackley *
Name:
Barry J. Fitzpatrick
Name:
Dr. Lloyd Vincent Hackley
Title:
Director
Title:
Director
/s/ Jane P. Helm *
/s/ J. Ernest Lathem *
Name:
Jane P. Helm
Name:
J. Ernest Lathem, M.D.
Title:
Director
Title:
Director
/s/ James H. Maynard *
/s/ Albert O. McCauley *
Name:
James H. Maynard
Name:
Albert O. McCauley
Title:
Director
Title:
Director
II - 5
/s/ J. Holmes Morrison *
/s/ Richard L. Player, Jr. *
Name:
J. Holmes Morrison
Name:
Richard L. Player, Jr.
Title:
Director
Title:
Director
/s/ E. Rhone Sasser *
Name:
Nido R. Qubein
Name:
E. Rhone Sasser
Title:
Director
Title:
Director
/s/ Jack E. Shaw *
/s/ Albert F. Zettlemoyer *
Name:
Jack E. Shaw
Name:
Albert F. Zettlemoyer
Title:
Director
Title:
Director
*By:
/s/ M. Patricia Oliver
Name: M. Patricia Oliver
Attorney-in-Fact
II - 6
EXHIBIT INDEX
to
Registration Statement on Form S-8 of
BB&T Corporation
Exhibit No.
Description
5
Opinion of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company.
23.1
Consent of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company (included in Exhibit 5).
23.2
Consent of PricewaterhouseCoopers LLP.
23.3
Explanatory Note regarding Arthur Andersen LLP.
24.1
Power of Attorney of Directors and Officers of the Company.
24.2
Certified Resolution of the Board of Directors of BB&T.