Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person *
FLEISCHAUER JOHN I JR
 2. Issuer Name and Ticker or Trading Symbol
REGIONS FINANCIAL CORP [RF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Group CEO
(Last)
(First)
(Middle)

P O BOX 1471		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2004
(Street)


LITTLE ROCK, AR 72203		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             79,183.632 D  
Common Stock (Trust)             32,771 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units (401k)   12/31/2004   J(1) 474     (1)   (1) Common Stock
474
$ 0 6,030
D
 
Stock Option $ 33.51           07/31/1999 07/31/2008 Common Stock
18,519
  18,519
D
 
Stock Option $ 28.88           08/30/2000 08/30/2009 Common Stock
23,216
  23,216
D
 
Stock Option $ 25.66           02/19/2004 02/19/2010 Common Stock
46,298
  46,298
D
 
Stock Option $ 25.66           02/19/2005 02/19/2010 Common Stock
23,148
  23,148
D
 
Stock Option $ 25.66           02/19/2006 02/19/2010 Common Stock
23,149
  23,149
D
 
Stock Option $ 22.6           01/16/2002 01/16/2011 Common Stock
43,184
  43,184
D
 
Stock Option $ 22.6           01/16/2003 01/16/2011 Common Stock
24,692
  24,692
D
 
Stock Option $ 22.6           01/16/2004 01/16/2011 Common Stock
24,692
  24,692
D
 
Stock Option $ 28.17             (2) 04/21/2011 Common Stock
111,114
  111,114
D
 
Stock Option $ 33.82             (3) 10/15/2011 Common Stock
90,000
  90,000
D
 
Stock Option $ 25.02           01/22/2003 01/22/2012 Common Stock
49,384
  49,384
D
 
Stock Option $ 25.02           01/22/2004 01/22/2012 Common Stock
24,692
  24,692
D
 
Stock Option $ 25.02           01/22/2005 01/22/2012 Common Stock
24,692
  24,692
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FLEISCHAUER JOHN I JR
P O BOX 1471
LITTLE ROCK, AR 72203		       Group CEO  

Signatures

By: Ronald C. Jackson 12/31/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reported phantom stock units were acquired under Regions' benefit plans.
(2) The option becomes exercisable in three equal installments on April 21, 2005, 2006 and 2007.
(3) The option becomes exercisable in two equal installments on October 15, 2006 and 2007.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.