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United States

Securities and Exchange Commission

Washington, D.C. 20549



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FORM 10-K



Annual Report Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934



|                                            |  |                              
|------------------------------------------- |  | -----------------------------
|For the Fiscal Year Ended December 31, 2005 |  | Commission File Number 1-7476



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AmSouth Bancorporation

(Exact Name of registrant as specified in its charter)



|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 63-0591257                          
|(State or other jurisdiction of Incorporation or Organization) |  | (I.R.S. Employer Identification No.)
|                                                               | 
|AmSouth Center 1900 Fifth Avenue North Birmingham, Alabama     |  | 35203                               
|(Address of principal executive offices)                       |  | (Zip Code)                          



Registrants telephone number,
including area code (205) 320-7151



Securities registered
pursuant to Section 12(b) of the Act:



|                                        |  |                                          
|--------------------------------------- |  | -----------------------------------------
|Title of each class                     |  | Name of each exchange on which registered
|Common Stock, par value $1.00 per share |  | New York Stock Exchange                  
|Stock Purchase Rights                   |  | New York Stock Exchange                  



Securities registered pursuant to
Section 12(g) of the Act:    None



Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes x    No ̈



Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ̈No x



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x    No ̈



Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this
chapter) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ̈



Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of
accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):



|                          |  |                    |  |                       
|------------------------- |  | ------------------ |  | ----------------------
|Large accelerated filer x |  | Accelerated filer ̈ |  | Non-accelerated filer ̈



Indicate by check mark
whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ̈No x



The aggregate market value of
the common equity held by nonaffiliates of the registrant as of June 30, 2005 (the last business day of AmSouth Bancorporations most recently completed second fiscal quarter) was $8,895,507,530. (Note 1)



As of February 21, 2006, AmSouth Bancorporation had 345,567,367 shares
of common stock outstanding.



DOCUMENTS INCORPORATED BY
REFERENCE



Portions of the following documents are incorporated by
reference herein:



Annual Report to Shareholders for the year
ended December 31, 2005: Part I, Part II

Proxy Statement for Annual Meeting to be held April 20, 2006: Part III



Note 1:    In calculating the market value of the common equity held by
nonaffiliates of AmSouth as disclosed on the cover page of this Form 10-K, AmSouth has treated as common equity held by affiliates only voting stock owned as of June 30, 2005 by its directors and principal executive officers and voting stock
held by AmSouths employee benefit plans; AmSouth has not treated for purposes of this response stock held by any of AmSouths subsidiaries as pledgee or in a fiduciary capacity as stock held by affiliates of AmSouth. AmSouth had no
nonvoting common equity outstanding at June 30, 2005. AmSouths response to this item is not intended to be an admission that any person is an affiliate of AmSouth for any purpose other than this response.



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AMSOUTH BANCORPORATION



Form 10-K



INDEX



|                                     |  |                                                                                                              |  |     
|------------------------------------ |  | ------------------------------------------------------------------------------------------------------------ |  | ----
|                                     |  |                                                                                                              |  | PAGE
|PART I                               |  |                                                                                                             
|Item 1.                              |  | Business                                                                                                     |  | 1   
|Item 1A.                             |  | Risk Factors                                                                                                 |  | 7   
|Item 1B.                             |  | Unresolved Staff Comments                                                                                    |  | 10  
|Item 2.                              |  | Properties                                                                                                   |  | 10  
|Item 3.                              |  | Legal Proceedings                                                                                            |  | 11  
|Item 4.                              |  | Submission of Matters to a Vote of Security Holders                                                          |  | 11  
|Executive Officers of the Registrant |  | 11                                                                                                          
|                                     | 
|PART II                              |  |                                                                                                             
|Item 5.                              |  | Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |  | 13  
|Item 6.                              |  | Selected Financial Data                                                                                      |  | 14  
|Item 7.                              |  | Managements Discussion and Analysis of Financial Condition and Results of Operations                        |  | 15  
|Item 7A.                             |  | Quantitative and Qualitative Disclosures about Market Risk                                                   |  | 15  
|Item 8.                              |  | Financial Statements and Supplementary Data                                                                  |  | 15  
|Item 9.                              |  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                         |  | 15  
|Item 9A.                             |  | Controls and Procedures                                                                                      |  | 15  
|Item 9B.                             |  | Other Information                                                                                            |  | 15  
|                                     | 
|PART III                             |  |                                                                                                             
|Item 10.                             |  | Directors and Executive Officers of the Registrant                                                           |  | 16  
|Item 11.                             |  | Executive Compensation                                                                                       |  | 16  
|Item 12.                             |  | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               |  | 16  
|Item 13.                             |  | Certain Relationships and Related Transactions                                                               |  | 16  
|Item 14.                             |  | Principal Accounting Fees and Services                                                                       |  | 16  
|                                     | 
|PART IV                              |  |                                                                                                             
|Item 15.                             |  | Exhibits, Financial Statement Schedules                                                                      |  | 17  
|                                     | 
|SIGNATURES                           |  | 18                                                                                                          
|                                     | 
|EXHIBIT INDEX                        |  | 20                                                                                                          



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PART I



|ITEM 1. | BUSINESS
|------- | --------



General



AmSouth Bancorporation (AmSouth or the Company) is a financial holding company and bank holding company, which was organized in 1970 as a Delaware corporation and began doing business in 1972. AmSouth offers a broad range of bank and
bank-related services through its principal subsidiary, AmSouth Bank (the Bank), and its other subsidiaries. At December 31, 2005, AmSouth had total consolidated assets of approximately $52.6 billion.



The Bank is an Alabama banking corporation and a wholly owned subsidiary of
AmSouth. As of December 31, 2005, the Bank had total consolidated assets of approximately $52.6 billion and total consolidated deposits of approximately $36.6 billion. As of December 31, 2005, the assets of the Bank constituted virtually
all of the assets of AmSouth.



AmSouth has three reportable
segments: Consumer Banking, Commercial Banking and Wealth Management. Consumer Banking delivers a full range of financial services to individuals and small businesses, including loan products such as residential mortgages, equity lending, credit
cards, loans for automobile and other personal financing needs, and various products designed to meet the credit needs of small businesses. Consumer Banking also offers various deposit products to meet customers savings and transaction needs.
Commercial Banking meets the requirements of corporate and middle market customers with a comprehensive array of credit, treasury management, international and capital markets services. Included among these are several specialty services such as
real estate finance, asset-based lending and commercial leasing. Wealth Management is comprised of trust, private client services and broker-dealer services. This area includes traditional trust services as well as a substantial selection of
investment management services.



These services are offered to
businesses and individuals through the Banks more than 675 branch banking offices located in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. In addition to these offices, the Bank operates a network of more than 1,200
automated teller machines. Further segment information is included in Managements Discussion and Analysis of Financial Condition and Results of Operations and Note 22 of the Notes to Consolidated Financial Statements, both of which
are incorporated herein by reference pursuant to Items 7 and 8 of this Form 10-K.



As of December 31, 2005, AmSouth and its subsidiaries had approximately 11,600 full-time equivalent employees.



Competition



AmSouths subsidiaries compete aggressively with banks located in Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia, as well as large
banks in major financial centers, and with other financial institutions, such as savings and loan associations, credit unions, consumer finance companies, brokerage firms, insurance companies, investment companies, mortgage companies, and financial
service operations of major retailers, including automotive retailers. Competition is based on a number of factors, including prices, interest rates, services, and availability of products. At December 31, 2005, AmSouth was the 19th largest
bank holding company headquartered in the United States based on total assets.



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Business Combinations



AmSouth continually evaluates business combination opportunities and sometimes conducts due diligence activities in
connection with them. As a result, business combination discussions and, in some cases, negotiations take place, and transactions involving cash, debt or equity securities can be expected. Any future business combination or series of business
combinations that AmSouth might undertake may be material, in terms of assets acquired or liabilities assumed, to AmSouths financial condition. Business combinations in the banking industry have historically involved the payment of a premium
over book and market values. This practice may result in dilution of book value and net income per share for the acquirers.



Supervision and Regulation



The following discussion addresses the regulatory framework applicable to financial holding companies, bank holding companies and their subsidiaries, and
provides certain specific information relevant to AmSouth. Regulation of financial institutions such as AmSouth and its subsidiaries is intended primarily for the protection of depositors, the deposit insurance funds of the Federal Deposit Insurance
Corporation (FDIC) and the banking system as a whole, and generally is not intended for the protection of stockholders or other investors.



The following is a summary of certain statutes and regulations that apply to the operation of banking institutions. Changes in the applicable laws, and in
their application by regulatory and law enforcement agencies, cannot necessarily be predicted, but may have a material effect on the business and results of banking organizations, including AmSouth.



The current regulatory environment for financial institutions includes
substantial enforcement activity by the federal banking agencies, the Justice Department, the Securities and Exchange Commission (SEC) and other state and federal law enforcement agencies, reflecting an increase in activity over prior years. This
environment entails significant potential increases in compliance requirements and associated costs. A number of banking institutions have recently been subject to enforcement actions as well as settlements involving, among other things, cease and
desist orders, written agreements, deferred prosecutions and payments of monetary penalties.



General



As a financial
holding company and bank holding company, AmSouth is subject to regulation and supervision by the Federal Reserve Board under the Bank Holding Company Act of 1956, as amended (the BHCA). A financial holding company may own insured depository
institutions and engage through its affiliates in a broader range of financial activities than permissible for a bank holding company that is not a financial holding company. These activities include underwriting securities, insurance underwriting,
merchant banking and insurance company investments, in addition to any activity that the Federal Reserve Board determines by rule or order to be financial in nature or incidental to such financial activity. The Federal Reserve is responsible for
umbrella supervision and examination of financial holding companies. Other federal and state regulators regulate, supervise and examine the functionally regulated subsidiaries such as insurance companies and broker-dealers.



The Bank is a state bank, chartered under the laws of Alabama,
and is a member of the Federal Reserve System. It is generally subject to regulation and supervision by both the Federal Reserve Board and the Office of the Superintendent of Banking of the State of Alabama (the Superintendent). The Bank is also an
insured depository institution and, therefore, subject to regulation by the FDIC. In addition, the Bank is subject to various requirements and restrictions under federal and state law, including requirements to maintain reserves against deposits,
restrictions on the types and amounts of loans that may be granted and the interest that may be charged thereon, and limitations on the types of investments that may be made and on the types of services that may be offered. Various consumer laws and
regulations also affect the operations of the Bank. In addition to the impact of regulation, commercial banks are affected significantly by the actions of the Federal Reserve Board as it attempts to control the money supply and credit availability
in order to influence the economy.



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The Banks subsidiaries are also subject to regulation, supervision and examination by other federal
and state and self-regulatory agencies. For example, AmSouth Investment Services, Inc., a registered broker-dealer, is subject to the supervision of the SEC, the National Association of Securities Dealers (NASD), and state securities and insurance
agencies. AmSouth Asset Management, Inc. and AmSouth Investment Management Company LLC, both investment advisers, are subject to regulation by the SEC in addition to state securities agencies.



In October 2004, AmSouth entered into a cease and desist order with the
Federal Reserve and the Alabama Department of Banking, as well as an order with the Financial Crimes Enforcement Network, relating to AmSouths deficiencies in compliance with the Bank Secrecy Act. Pursuant to the order, AmSouth has taken
additional actions to ensure compliance with the Bank Secrecy Act. Among other things, these actions have included independent third party reviews of all of the Companys activities related to compliance with the Bank Secrecy Act, enhanced
training of personnel, submission of a revised compliance program, and the adoption of new policies and procedures.



Payment of Dividends



AmSouth is a legal entity separate and distinct from its banking and other subsidiaries. The principal source of cash flow for AmSouth, including funds
used to pay dividends on AmSouths capital stock and interest and principal on any debt of AmSouth, is dividends from the Bank. There are statutory and regulatory limitations on the payment of dividends by the Bank to AmSouth as well as by
AmSouth to its shareholders. The payment of dividends by AmSouth and the Bank also may be affected by other factors, such as the requirement to maintain capital at or above regulatory guidelines. See Capital Adequacy and Related Matters
below.



Under Alabama law, a bank may not pay a dividend in
excess of 90 percent of its net earnings until the banks surplus is equal to at least 20 percent of capital. The Bank is also required by Alabama law to obtain approval of the Superintendent prior to the payment of dividends if the total of
all dividends declared by the Bank in any calendar year will exceed the total of (a) the Banks net earnings (as defined by statute) for that year, plus (b) its retained net earnings for the preceding two years, less any required
transfers to surplus. Also, no dividends may be paid from the Banks surplus without the prior written approval of the Superintendent.



In addition, as a member of the Federal Reserve System, the Bank is required by federal law to obtain regulatory approval for the payment of dividends if
the total of all dividends declared by the Board of Directors of the Bank in any year could exceed the total of (a) the Banks net income (as reportable in its Reports of Condition and Income) for that year, plus (b) the Banks
retained net income (as defined and interpreted by regulation) for the preceding two years, less any net losses incurred in the current or prior two years and any required transfers to surplus or a fund for the retirement of preferred stock.



Furthermore, if, in the opinion of the applicable federal bank
regulatory authority, a bank is engaged in or is about to engage in an unsafe or unsound practice (which, depending on the financial condition of the bank, could include the payment of dividends), such authority may require, after notice and a
hearing, that such bank cease and desist from such practice. The Federal Reserve Board has indicated that paying dividends that deplete a banks capital base to an inadequate level would be an unsafe and unsound banking practice. In addition,
the Federal Deposit Insurance Act (the FDI Act) imposes restrictions on the payments of dividends by the Bank, as described under Capital Adequacy and Related MattersPrompt Corrective Action below. Moreover, the Federal Reserve
Board has issued a policy statement that provides that bank holding companies and state member banks should generally pay dividends only out of current operating earnings.



Under dividend restrictions imposed under federal and Alabama law, including those described above, the Bank, without
obtaining government approvals, could declare aggregate dividends in 2006 of an amount equal to $479.4 million plus its net income for 2006.



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Capital Adequacy and Related Matters



Capital Guidelines



AmSouth is subject to risk-based capital guidelines adopted by the Federal Reserve Board. The minimum guideline for the ratio of total regulatory capital
(Total Capital) to risk-weighted assets (including certain off-balance-sheet items, such as commitments to extend credit and standby letters of credit) is 8 percent. At least half of the Total Capital must be composed principally of common equity
less goodwill and certain other intangible assets (Tier 1 Capital). The remainder may consist of subordinated debt and a limited amount of loan loss reserves. At December 31, 2005, AmSouths consolidated Tier 1 Capital and Total Capital
ratios were 7.81 percent and 11.40 percent, respectively.



In
addition, the Federal Reserve Board has established minimum leverage ratio guidelines for bank holding companies. The guidelines provide for a minimum ratio of Tier 1 Capital to average assets, less goodwill and certain other intangible assets (the
Leverage Ratio), of 3 percent for bank holding companies that meet certain specific criteria, including having the highest regulatory rating. All other bank holding companies generally are required to maintain a Leverage Ratio of at least 4 percent.
AmSouths Leverage Ratio at December 31, 2005 was 6.74 percent. The guidelines also provide that bank holding companies experiencing internal growth or making acquisitions will be expected to maintain strong capital positions substantially
above the minimum supervisory levels without significant reliance on intangible assets. Furthermore, the Federal Reserve Board has indicated that it will consider a Tangible Tier 1 Capital Leverage Ratio (deducting all intangibles) and
other indicators of capital strength in evaluating proposals for expansion or new activities.



The Bank is also subject to risk-based and leverage capital requirements, similar to those described above. The Bank complied with applicable minimum capital requirements as of December 31, 2005. Neither AmSouth
nor the Bank has been advised by any federal banking agency of any specific minimum Leverage Ratio requirement applicable to it.



Changes to the risk-based capital regime are frequently proposed or implemented. The minimum risk-based capital requirements adopted by the federal
banking agencies follow the Capital Accord of the Basel Committee on Banking Supervision. The Basel Committee, which is comprised of bank supervisors and central banks from the major industrialized countries, issued its Capital Accord in 1988 to
achieve convergence in the capital regulations applicable to internationally active banking organizations. The Basel Committee issued a proposed replacement for the Capital Accord in January 2001, and, subsequently, it issued a number of working
papers supplementing various aspects of that replacement (the New Accord). Based on these documents, the New Accord would adopt a three-pillar framework for addressing capital adequacy. These pillars would include minimum capital
requirements, more emphasis on supervisory assessment of capital adequacy and greater reliance on market discipline. Under the New Accord, minimum capital requirements would be more differentiated based upon perceived distinctions in
creditworthiness. Such requirements would be based either on ratings assigned by rating agencies or, in the case of a banking organization that met certain supervisory standards, on the organizations internal credit ratings. The minimum
capital requirements in the New Accord would also include a separate capital requirement for operational risk. In June 2004, the Basel Committee published new international guidelines for calculating regulatory capital. The U.S. banking regulators
have published draft guidance of their interpretation of the new Basel guidelines. Certain of the largest U.S. banks will be required to calculate regulatory capital under the New Accord, in parallel with the existing capital rules beginning in
2007, and, in 2008, must calculate regulatory capital solely under the New Accord. AmSouth is not among this group of banks, and it is uncertain when AmSouth will become subject to the New Accord.



Bank regulators have the authority generally to raise capital requirements
applicable to banking organizations beyond their current levels. However, the management of AmSouth is unable to predict whether and when higher capital requirements would be imposed, and, if so, at what levels and on what schedule.



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Prompt Corrective Action



The FDI Act requires the federal banking regulators to take prompt corrective action in respect of FDIC-insured depository
institutions that do not meet minimum capital requirements. The FDI Act establishes five capital tiers: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and
critically undercapitalized. Under applicable regulations, a state member bank is defined as well capitalized if it maintains a Leverage Ratio of at least 5 percent, a risk-adjusted Tier 1 Capital Ratio of at least 6 percent, a Total
Capital Ratio of at least 10 percent and is not subject to any order or written directive to maintain any specific capital level. A state member bank is defined as adequately capitalized if it maintains a Leverage Ratio of at least 4 percent, a
risk-adjusted Tier 1 Capital Ratio of at least 4 percent, and a Total Capital Ratio of at least 8 percent. A bank may be deemed to be in a capitalization category that is lower than is indicated by its actual capital position if it is operating in
an unsafe or unsound manner or receives an unsatisfactory examination rating. AmSouth believes that at December 31, 2005, the Bank had capital ratios sufficient to qualify as well capitalized. The FDI Act authorizes, and in some
cases automatically imposes, serious restrictions on a banks business as it declines in capital-based tier.



The capital-based prompt corrective action provisions of the FDI Act and the implementing regulations apply to FDIC-insured depository institutions such
as the Bank and are not directly applicable to holding companies, like AmSouth, that control such institutions. However, the Federal Reserve Board has indicated that it will take appropriate action at the holding company level based on an assessment
of the effectiveness of supervisory actions imposed upon subsidiary depository institutions pursuant to such provisions and regulations. Although the capital categories defined under the prompt corrective action regulations are not directly
applicable to AmSouth (as a holding company) under existing laws and regulations, if AmSouth were placed in a capital category it would qualify as well-capitalized as of December 31, 2005.



Brokered Deposits and Pass-Through Insurance



The FDIC has adopted regulations under the FDI Act governing the receipt of
brokered deposits. Under the regulations, an FDIC-insured depository institution cannot accept, roll over or renew brokered deposits unless (a) it is well-capitalized or (b) it is adequately capitalized and receives a waiver from the FDIC.
A depository institution that cannot receive brokered deposits also cannot offer pass-through insurance on certain employee benefit accounts. Whether or not it has obtained such a waiver, an adequately capitalized depository institution
may not pay an interest rate on any deposits in excess of 75 basis points over certain prevailing market rates specified by regulation. There are no such restrictions on a depository institution that is well capitalized. Because the Bank was
well-capitalized as of December 31, 2005, AmSouth believes the brokered deposits regulation will have no material effect on the funding or liquidity of the Bank.



Holding Company Structure



There are various legal restrictions on the extent to which AmSouth and its nonbank subsidiaries may borrow or otherwise obtain funding from the Bank. The
Bank (and its subsidiaries) may only engage in borrowing and other covered transactions with nonbank and nonsavings bank affiliates to the following extent: (a) in the case of any single such affiliate, the aggregate amount of
covered transactions of the Bank and its subsidiaries may not exceed 10 percent of the capital stock and surplus of the Bank; and (b) in the case of all affiliates, the aggregate amount of covered transactions of the Bank and its subsidiaries
may not exceed 20 percent of the capital stock and surplus of the Bank. Covered transactions also are subject to certain collateralization requirements. Covered transactions are defined by statute to include a loan or extension of
credit, as well as a purchase of securities issued by an affiliate, a purchase of assets (unless otherwise exempted by the Federal Reserve Board) from the affiliate, the acceptance of securities issued by the affiliate as collateral for a loan, and
the issuance of a guarantee, acceptance, or letter of credit on behalf of an affiliate. Regulation W, which comprehensively implemented statutory restrictions on transactions between a bank and its affiliates, became effective on April 1, 2003.
This Regulation combines the Federal Reserve Boards interpretations and exemptions relating to Sections 23A and 23B of the Federal Reserve Act with interpretations of these statutory



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sections that were affected by the Gramm-Leach-Bliley Act. For example, Regulation W addresses the definition of financial subsidiaries for the
purposes of affiliate transactions and the valuation of a banks investment in a financial subsidiary affiliate. The adoption and subsequent effectiveness of Regulation W did not have a material impact on AmSouths operations.



Under Federal Reserve Board policy, AmSouth is expected to act as a source
of financial strength for, and to commit resources to support, the Bank. This support may be required at times when, absent such Federal Reserve Board policy, AmSouth may not be inclined to provide it. In addition, any capital loans by a bank
holding company to a subsidiary bank are subordinate in right of payment to deposits and to certain other indebtedness of such subsidiary bank. In the event of a bank holding companys bankruptcy, any commitment by the bank holding company to a
federal bank regulatory agency to maintain the capital of a subsidiary bank will be assumed by the bankruptcy trustee and entitled to a priority of payment.



The FDI Act provides that, in the event of the liquidation or other resolution of an insured depository institution, the claims of depositors
of such institution (including claims by the FDIC as subrogee of insured depositors) and certain claims for administrative expenses of the FDIC as receiver would be afforded a priority over other general unsecured claims against the institution,
including any claims of the banks holding company as a creditor. If an insured depository institution fails, insured and uninsured depositors, along with the FDIC, will be placed ahead of unsecured, nondeposit creditors, including a parent
holding company such as AmSouth, in its capacity as creditor, in order of priority of payment.



Liability for Affiliate Insured Depository Institutions



Under the FDI Act, an insured depository institution, such as the Bank, can be held liable for any loss incurred by, or reasonably expected to be incurred
by, the FDIC in connection with (a) the default of a commonly controlled FDIC-insured depository institution or (b) any assistance provided by the FDIC to any commonly controlled FDIC-insured depository institution in danger of
default. Default is defined generally as the appointment of a conservator or receiver, and in danger of default is defined generally as the existence of certain conditions indicating that a default is likely to occur in
the absence of regulatory assistance. The Bank is currently the only depository institution subsidiary of AmSouth. It is possible, however, that AmSouth will have other depository institution subsidiaries in the future.



The USA Patriot Act



In 2001, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001 (USA Patriot Act) was signed into law. The USA Patriot Act broadened the application of anti-money laundering regulations to apply to additional types of financial institutions, such as broker-dealers, and strengthened the ability of the
U.S. Government to detect and prosecute international money laundering and the financing of terrorism. The principal provisions of Title III of the USA Patriot Act require that regulated financial institutions, including state member banks:
(i) establish an anti-money laundering program that includes training and audit components; (ii) comply with regulations regarding the verification of the identity of any person seeking to open an account; (iii) take additional
required precautions with non-U.S. owned accounts; and (iv) perform certain verification and certification of money laundering risk for their foreign correspondent banking relationships. The USA Patriot Act also expanded the conditions under
which funds in a U.S. interbank account may be subject to forfeiture and increased the penalties for violation of anti-money laundering regulations. Failure of a financial institution to comply with the USA Patriot Acts requirements could have
serious legal and reputational consequences for the institution. AmSouth has adopted policies, procedures and controls to address compliance with the requirements of the USA Patriot Act under the existing regulations and will continue to revise and
update its policies, procedures and controls to reflect changes required by the USA Patriot Act and implementing regulations. See Supervision and Regulation above for a discussion of regulatory actions taken with respect to
AmSouths compliance with the Bank Secrecy Act and ongoing compliance efforts.



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Available Information



AmSouth maintains an Internet website at www.amsouth.com. AmSouth makes available free of charge through its website
its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to these reports, on the same day that AmSouth files these reports with the SEC. AmSouths (i) Corporate Governance Guidelines,
(ii) Code of Conduct, (iii) Code of Ethics for Senior Financial Officers, and (iv) Charters of its Corporate Governance, Audit and Human Resources Committees are also available on the website. From AmSouths home page at
www.amsouth.com, go to Resource Centers and click on Investor Relations to access these reports and other documents. AmSouths Corporate Governance Guidelines, Code of Conduct, Code of Ethics for Senior Financial
Officers and Corporate Governance, Audit and Human Resources Committee Charters are also available in print upon written request addressed to Investor Relations, AmSouth Bancorporation, P.O. Box 11007, Birmingham, Alabama 35288.



|ITEM 1A. | RISK FACTORS
|-------- | ------------



Making or continuing an investment in securities issued by AmSouth, including our common stock, involves certain risks that you should carefully
consider. The risks and uncertainties described below are not the only risks that may have a material adverse effect on AmSouth. Additional risks and uncertainties also could adversely affect our business and our results. If any of the following
risks actually occur, our business, financial condition or results of operations could be negatively affected, the market price for your securities could decline, and you could lose all or a part of your investment. Further, to the extent that any
of the information contained in this Annual Report on Form 10-K constitutes forward-looking statements, the risk factors set forth below also are cautionary statements identifying important factors that could cause AmSouths actual results to
differ materially from those expressed in any forward-looking statements made by or on behalf of AmSouth.



Our success will be dependent on our ability to profitably manage our growth.



We expect to continue to expand our franchise through continued branch expansion. Our ability to manage our growth successfully will depend on our ability
to maintain cost controls and asset quality while attracting additional loans and deposits on favorable terms. Although we have been able to achieve significant growth, our expansion strategy could have an adverse impact on our profitability in the
short term due to the operating and other noninterest expenses associated with growth and branching. The opening of new branches requires an investment of funds that will not generate profits for a period of time, if at all.



We may need to raise additional capital in the future and such capital may not be
available when needed or at all.



We anticipate that
our capital resources will satisfy our capital requirements for the foreseeable future. However, we may need to raise additional capital in the future to support growth or for other capital needs. Our ability to raise additional capital, if needed,
will depend on, among other things, conditions in the capital markets at that time, which are outside of our control, and on our financial performance. We cannot assure you that such capital will be available to us on acceptable terms or at all. If
we are unable to raise additional capital on acceptable terms when needed, our ability to further expand our operations through internal growth could be limited.



Rapid and significant changes in market interest rates may adversely affect our performance.



Most of our assets and liabilities are monetary in nature and subject us to
significant risks from changes in interest rates. Our profitability depends to a large extent on our net interest income, and changes in interest rates can impact our net interest income as well as the valuation of our assets and liabilities.



Our current one-year interest rate sensitivity position is
essentially neutral, meaning that a gradual increase in interest rates over a twelve month horizon does not have a significant impact on net interest income over a



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twelve-month forecast horizon. However, like most financial institutions, our results of operations are affected by changes in interest rates and our ability
to manage interest rate risks. Changes in market interest rates, or changes in the relationships between short-term and long-term market interest rates, or changes in the relationships between different interest rate indices, can affect the interest
rates charged on interest-earning assets differently than the interest rates paid on interest-bearing liabilities. This difference could result in an increase in interest expense relative to interest income, or a decrease in our interest rate
spread. For a more detailed discussion of these risks and our management strategies for these risks, see Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations, and Item 7A. Quantitative
and Qualitative Disclosures about Market Risk.



Our net
interest margin depends on many factors that are partly or completely out of our control, including competition, federal economic monetary and fiscal policies, and general economic conditions. Despite our strategies to manage interest rate risks,
changes in interest rates can still have a material adverse impact on our profitability.



The performance of our investment portfolio is subject to fluctuations due to changes in interest rates and market conditions.



Changes in interest rates can negatively affect the performance of most of our investments. Interest rate volatility can
reduce unrealized gains or create unrealized losses in our portfolios. Interest rates are highly sensitive to many factors, including governmental monetary policies, domestic and international economic and political conditions and other factors
beyond our control. Fluctuations in interest rates affect our returns on, and the market value of, our investment securities.



The fair market value of the securities in our portfolio and the investment income from these securities also fluctuate depending on general economic and
market conditions. In addition, actual net investment income and/or cash flows from investments that carry prepayment risk, such as mortgage-backed and other asset-backed securities, may differ from those anticipated at the time of investment as a
result of interest rate fluctuations.



Changes in the policies of
monetary authorities and other government action could adversely affect our profitability.



The results of operations of AmSouth are affected by credit policies of monetary authorities, particularly the Federal Reserve Board. The instruments of
monetary policy employed by the Federal Reserve Board include open market operations in U.S. government securities, changes in the discount rate or the federal funds rate on bank borrowings and changes in reserve requirements against bank deposits.
In view of changing conditions in the national economy and in the money markets, particularly in light of the continuing threat of terrorist attacks and the current military operations in the Middle East, we cannot predict possible future changes in
interest rates, deposit levels, loan demand or our business and earnings. Furthermore, the actions of the United States government and other governments in responding to such terrorist attacks or the military operations in the Middle East may result
in currency fluctuations, exchange controls, market disruption and other adverse effects.



If we experience greater loan losses than anticipated, our earnings may be adversely affected.



As a lender, we are exposed to the risk that our customers will be unable to repay their loans according to their terms and that any collateral securing
the payment of their loans may not be sufficient to assure repayment. Credit losses are inherent in the business of making loans and could have a material adverse effect on our operating results. Our credit risk with respect to our real estate and
construction loan portfolio will relate principally to the creditworthiness of corporations and the value of the real estate serving as security for the repayment of loans. Our credit risk with respect to our commercial and consumer loan portfolio
will relate principally to the general creditworthiness of businesses and individuals within our local markets.



We make various assumptions and judgments about the collectibility of our loan portfolio and provide an allowance for estimated loan losses based on a
number of factors. We believe that our allowance for loan losses



8



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is adequate. However, if our assumptions or judgments are wrong, our allowance for loan losses may not be sufficient to cover our actual loan losses. We may
have to increase our allowance in the future in response to the request of one of our primary banking regulators, to adjust for changing conditions and assumptions, or as a result of any deterioration in the quality of our loan portfolio. The actual
amount of future provisions for loan losses cannot be determined at this time and may vary from the amounts of past provisions.



Our profitability and liquidity may be affected by changes in economic conditions in the areas where our operations or loans are concentrated.



AmSouths success depends to a certain extent on the general
economic conditions of the geographic markets served by AmSouth Bank in the states of Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. The local economic conditions in these areas have a significant impact on AmSouth Banks
commercial, real estate and construction loans, the ability of borrowers to repay these loans and the value of the collateral securing these loans. Adverse changes in the economic conditions of the southeastern United States in general or any one or
more of these local markets could negatively impact the financial results of AmSouths banking operations and have a negative effect on its profitability.



Hurricanes could cause a disruption in our operations which could have an adverse impact on the results of operations.



A significant portion of our operations are located in the areas bordering
the Gulf of Mexico, a region that is susceptible to hurricanes. Such weather events can cause disruption to our operations and could have a material adverse effect on our overall results of operations.We maintain hurricane insurance
including coverage for lost profits and extra expense, however, there is no insurance against the loss of market that a catastrophic hurricane could produce. Further, a hurricane in any of our market areas could adversely impact the ability of
borrowers to timely repay their loans and may adversely impact the value of any collateral held by us.



We need to stay current on technological changes in order to compete and meet customer demands.



The financial services market, including banking services, is undergoing rapid changes with frequent introductions of new technology-driven products and
services. In addition to better serving customers, the effective use of technology increases efficiency and may enable financial institutions to reduce costs. Our future success may depend, in part, on our ability to use technology to provide
products and services that provide convenience to customers and to create additional efficiencies in our operations.



Industry competition may have an adverse effect on our success.



Our profitability depends on our ability to compete successfully. We operate in a highly competitive environment. Certain of our competitors are larger
and have more resources than we do. In our market areas, we face competition from other commercial banks, savings and loan associations, credit unions, internet banks, finance companies, mutual funds, insurance companies, brokerage and investment
banking firms, and other financial intermediaries that offer similar services. Some of our nonbank competitors are not subject to the same extensive regulations that govern AmSouth or the Bank and may have greater flexibility in competing for
business.



We are subject to extensive governmental regulation, which
could have an adverse impact on our operations.



The
banking industry is extensively regulated and supervised under both federal and state law. We are subject to the regulation and supervision of the Federal Reserve Board, the FDIC, and the Superintendent of Banking of the State of Alabama (the
Superintendent). These regulations are intended primarily to protect depositors, the public, and the FDIC insurance funds, and not our shareholders. These regulations govern matters ranging from the regulation of certain debt
obligations, changes in the control of bank holding companies and



9



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state-chartered banks, and the maintenance of adequate capital to the general business operations and financial condition of the Bank, including permissible
types, amounts and terms of loans and investments, to the amount of reserves against deposits, restrictions on dividends, establishment of branch offices, and the maximum interest rate that may be charged by law. Additionally, certain subsidiaries
of the Bank are subject to regulation, supervision and examination by other regulatory authorities, such as the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. and state securities and insurance regulators.
We are subject to changes in federal and state law, as well as regulations and governmental policies, income tax laws, and accounting principles. Regulations affecting banks and other financial institutions are undergoing continuous change, and the
ultimate effect of such changes cannot be predicted. Regulations and laws may be modified at any time, and new legislation may be enacted that will affect us, the Bank and its subsidiaries. We cannot assure you that such modifications or new laws
will not adversely affect us. Our regulatory position is discussed in greater detail under Item 1. BusinessSupervision and Regulation.



Future issuances of additional securities could result in dilution of your ownership.



We may determine from time to time to issue additional securities to raise additional capital, support growth, or to make
acquisitions. Further, we may issue stock options or other stock grants to retain and motivate our employees. These issuances of our securities will dilute the ownership interests of our shareholders



Anti-takeover laws and certain agreements and charter provisions may adversely affect
share value.



Certain provisions of state and federal
law, a Stockholder Protection Rights Agreement and our certificate of incorporation may make it more difficult for someone to acquire control of us without our Board of Directors approval. Under federal law, subject to certain exemptions, a
person, entity, or group must notify the federal banking agencies before acquiring 10% or more of the outstanding voting stock of a bank holding company, including our shares. Banking agencies review the acquisition to determine if it will result in
a change of control. The banking agencies have 60 days to act on the notice, and take into account several factors, including the resources of the acquiror and the antitrust effects of the acquisition. There also are provisions in our certificate of
incorporation that may be used to delay or block a takeover attempt. Our Stockholder Protection Rights Agreement dated as of December 18, 1997 (Exhibit 4.1 to this Annual Report on Form 10-K) may also be used to make a takeover attempt less
likely to succeed. As a result, these statutory provisions, Stockholder Protection Rights Agreement and provisions in our certificate of incorporation could result in AmSouth being less attractive to a potential acquiror.



Securities issued by AmSouth, including our common stock, are not FDIC insured.



Securities issued by AmSouth, including our common
stock, are not savings or deposit accounts or other obligations of any bank and are not insured by the FDIC, the Bank Insurance Fund, or any other governmental agency or instrumentality, or any private insurer, and are subject to investment risk,
including the possible loss of principal.



|ITEM 1B. | UNRESOLVED STAFF COMMENTS
|-------- | -------------------------



None.



|ITEM 2. | PROPERTIES
|------- | ----------



The executive offices of AmSouth are located in the AmSouth Center in downtown Birmingham, Alabama, which is owned by the Bank. The Bank and its
subsidiaries occupy various offices throughout Florida, Tennessee, Alabama, Mississippi, Louisiana and Georgia. These properties are owned, leased or subject to a ground lease. Leased properties principally constitute land and buildings under
long-term leases in which the Bank and other non-bank subsidiaries maintain offices.



Additional information relating to properties is set forth in Note 6 of the Notes to Consolidated Financial Statements, which are incorporated herein by reference pursuant to Item 8 of this Form 10-K.



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|ITEM 3. | LEGAL PROCEEDINGS
|------- | -----------------



In the ordinary course of business, AmSouth and its subsidiaries are from time to time named as defendants in or parties to pending and threatened legal
actions and proceedings. Among the actions which are pending against AmSouth are actions brought on behalf of various classes of claimants. These actions and claims, including class actions, are similar to others that have been brought in recent
years against financial institutions and relate to AmSouths lending, collections, loan servicing, depository, investment, trust and other activities. These actions and claims allege violations of consumer protection, securities, banking and
other laws, both state and federal. Some of these claims and actions seek substantial compensatory and punitive damage awards and injunctive relief. Additionally, AmSouth, and certain of its subsidiaries which are regulated by one or more federal
and state regulatory authorities, are the subject of regularly scheduled and special examinations, reviews and investigations conducted by such regulatory authorities and by law enforcement agencies. AmSouth may occasionally have disagreements with
regulatory authorities and law enforcement agencies resulting from these investigations, examinations and reviews. Enforcement and compliance-related activity by government agencies has increased. Money laundering and anti-terrorism compliance is
among the areas receiving a high level of focus in the present environment.



It may take a number of years to fully and finally resolve the legal proceedings and actions, claims and disagreements with regulators and law enforcement agencies currently pending due to their complexity and for
other reasons. Further, in view of the inherent difficulty of predicting the outcome of such proceedings, AmSouth cannot state what the eventual outcome of these proceedings will be. Nonetheless, based on current knowledge and the advice of legal
counsel, AmSouths Management is of the opinion that the ultimate resolution of these legal proceedings will not have a material adverse effect on the consolidated financial condition, operations or liquidity of AmSouth.



|ITEM 4. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
|------- | ---------------------------------------------------



There were no matters brought to a vote of security holders during the fourth quarter of 2005.



Executive Officers of the Registrant



The executive officers of AmSouth, their ages, the positions held by them with AmSouth and certain of its subsidiaries, and their principal occupations for the last five years are as follows:



|                 |  |    |  |                                                                                                                                                                                                                                                                                                                                              
|---------------- |  | -- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|C. Dowd Ritter   |  | 58 |  | Chairman of AmSouth (September 1996 to October 1999 and January 2001 to date) and AmSouth Bank (September 1996 to date), President and Chief Executive Officer (January 1996 to date) of AmSouth
and AmSouth Bank, and Director of AmSouth and AmSouth Bank.                                                                                 
|                 |  |   
|Candice W. Bagby |  | 56 |  | Senior Executive Vice President and Consumer Banking Group Head of AmSouth and AmSouth Bank (August 1995 to date).                                                                                                                                                                                                                           
|                 |  |   
|David B. Edmonds |  | 52 |  | Senior Executive Vice President of AmSouth and AmSouth Bank (December 2002 to date) and head of the Human Resources Division of AmSouth and AmSouth Bank (October 1994 to date). Formerly,
Executive Vice President (October 1994 to December 2002) of AmSouth and AmSouth Bank.                                                             
|                 |  |   
|John M. Gaffney  |  | 51 |  | Senior Executive Vice President of AmSouth and AmSouth Bank (December 2002 to date) and Commercial Banking Group Head of AmSouth and AmSouth Bank (May 2002 to date). Formerly, Executive Vice
President (December 1998 to November 2002), and North Central Alabama Area Executive (January 2000 to April 2002) of AmSouth and AmSouth Bank.



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|                        |  |    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                     
|----------------------- |  | -- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                        |  |   
|O. B. Grayson Hall, Jr. |  | 48 |  | Senior Executive Vice President (December 2000 to date) and Lines of Business/Operations and Technology Group Head (December 2004 to date) of AmSouth and AmSouth Bank. Formerly, Operations and
Technology Group Head (January 1993 to December 2004) of AmSouth and AmSouth Bank.                                                                                                                                                 
|                        |  |   
|Susan Martinez          |  | 51 |  | Senior Executive Vice President and Florida Banking Group Head (February 2004 to date) of AmSouth and AmSouth Bank. Formerly, Executive Vice President (November 2000 to January 2004), Area
Executive for West Coast Florida (July 2002 to January 2004), and Area Executive for Central Florida (November 2000 to June 2002) of AmSouth and AmSouth Bank.                                                                         
|                        |  |   
|W. Charles Mayer, III   |  | 51 |  | Senior Executive Vice President of AmSouth and AmSouth Bank (October 1994 to date) and General Banking Group Head (December 2004 to date) of AmSouth and AmSouth Bank. Formerly, Alabama/South
Louisiana Banking Group Head (October 1999 to December 2004), and Commercial Banking Group Head (November 2000 to May 2002) of AmSouth and AmSouth Bank.                                                                             
|                        |  |   
|Beth E. Mooney          |  | 51 |  | Senior Executive Vice President (June 2000 to date), Chief Financial Officer and Finance Group Head (February 2004 to date) of AmSouth and AmSouth Bank. Formerly, Finance and Credit Group Head
(February 2004 to December 2004) and Tennessee/North Louisiana Banking Group Head (June 2000 to February 2004) of AmSouth and AmSouth Bank.                                                                                        
|E. W. Stephenson, Jr.   |  | 59 |  | Senior Executive Vice President of AmSouth and AmSouth Bank (July 1993 to date), and Tennessee Banking Group Head (February 2004 to date). Formerly Mississippi Banking Group Head (November 2000
to December 2004) and Tennessee/North Louisiana Banking Group Head (February 2004 to December 2004) and Florida Banking Group Head (July 1997 to February 2004) of AmSouth and AmSouth Bank.                                      
|                        |  |   
|Geoffrey A. von Kuhn    |  | 54 |  | Senior Executive Vice President and Wealth Management Group Head (April 2001 to date) of AmSouth and AmSouth Bank. Formerly, Head of U.S. Private Bank for Citigroup (April 2000 to April
2001).                                                                                                                                                                                                                                    
|                        |  |   
|William C. Wells II     |  | 47 |  | Senior Executive Vice President, Chief Risk Officer and Head of Risk Management Group, AmSouth and AmSouth Bank, December 2004 to date. Formerly Executive Vice President and Chief Risk Officer,
SouthTrust Corporation (August 2002 to November 2004), and Senior Vice President of Loan Review, Compliance, Community Reinvestment, and Retail Risk Assessment, SouthTrust Corporation and SouthTrust Bank (1998 to August 2002).



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PART II



|ITEM 5. | MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
|------- | ------------------------------------------------------------------------------------------------------------



AmSouths common stock, par value $1.00 per share, is listed for trading
on the New York Stock Exchange under the symbol ASO. Quarterly high and low sales prices of and cash dividends declared on AmSouth common stock are set forth in Table 22 of Managements Discussion and Analysis, which is incorporated herein by
reference pursuant to Item 7 of this Form 10-K. As of February 21, 2006, there were 25,870 holders of record of AmSouths common stock (including participants in the Direct Stock Purchase and Dividend Reinvestment Plan).



Restrictions on the ability of the Bank to transfer funds to AmSouth at
December 31, 2005, are set forth in Note 12 of the Notes to Consolidated Financial Statements, which are incorporated herein by reference pursuant to Item 8 of this Form 10-K. A discussion of certain limitations on the ability of the Bank
to pay dividends to AmSouth and the ability of AmSouth to pay dividends on its common stock is set forth in Part I under the headings Supervision and RegulationPayment of Dividends and Supervision and RegulationCapital
Adequacy and Related Matters.



Issuer Purchases of
Equity Securities



|                      |  |                                  |  |                              |       |                                                                                  |           |                                                                                |          
|--------------------- |  | -------------------------------- |  | ---------------------------- | ----- | -------------------------------------------------------------------------------- | --------- | ------------------------------------------------------------------------------ | ---------
|Period                |  | Total Number of Shares Purchased |  | Average Price Paid per Share |       | Total Number of Shares Purchased as Part of Publicly Announced Plans or
Programs |           | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
|October 1 - 31, 2005  |  | 1,202,300                        |  | $                            | 24.74 |                                                                                  | 1,202,300 |                                                                                | 9,323,933
|November 1 - 30, 2005 |  | 216,231                          |  |                              | 25.75 |                                                                                  | 210,000   |                                                                                | 9,113,933
|December 1 - 31, 2005 |  | 93,327                           |  |                              | 26.87 |                                                                                  | 90,000    |                                                                                | 9,023,933
|                      |  |                                  |  |                              |       |                                                                                  |           |                                                                                |          
|Total                 |  | 1,511,858                        |  |                              | 25.02 |                                                                                  | 1,502,300 |                                                                                |          
|                      |  |                                  |  |                              |       |                                                                                  |           |                                                                                |          



Note: On April 17, 2003, AmSouth
announced that its Board of Directors approved a plan to repurchase up to 25 million shares of the Companys outstanding stock. There is no expiration date for this plan. No repurchase plans expired during the three months ended
December 31, 2005. Of the shares purchased during the three months ended December 31, 2005, 9,558 were related to employee compensation plans.



13



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##### Table of Contents

|ITEM 6. | SELECTED FINANCIAL DATA
|------- | -----------------------



The following table sets forth selected financial data for the last five years.



|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|--------------------------------------------------------------------------------------------- |  | ---- | ---------- | - | ---- | - | ---------- | ---- |  | - | ---------- | - |  | ---- | ---------- | - |  | - | ---------- | -
|(Dollars in thousandsexcept per share data)                                                   |  | 2005 |            |   | 2004 |   |            | 2003 |  |   | 2002       |   |  | 2001 |           
|Earnings summary                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Net interest income                                                                           |  | $    | 1,525,274  |   |      | $ | 1,476,025  |      |  | $ | 1,414,635  |   |  | $    | 1,472,640  |   |  | $ | 1,366,722  |  
|Provision for loan and lease losses                                                           |  |      | 93,950     |   |      |   | 127,750    |      |  |   | 173,700    |   |  |      | 213,550    |   |  |   | 187,100    |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Net interest income after provision for loan and lease losses                                 |  |      | 1,431,324  |   |      |   | 1,348,275  |      |  |   | 1,240,935  |   |  |      | 1,259,090  |   |  |   | 1,179,622  |  
|Noninterest revenues                                                                          |  |      | 915,180    |   |      |   | 1,032,142  |      |  |   | 855,778    |   |  |      | 739,361    |   |  |   | 748,222    |  
|Noninterest expenses                                                                          |  |      | 1,291,923  |   |      |   | 1,456,938  |      |  |   | 1,205,577  |   |  |      | 1,126,622  |   |  |   | 1,157,232  |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Income before income taxes                                                                    |  |      | 1,054,581  |   |      |   | 923,479    |      |  |   | 891,136    |   |  |      | 871,829    |   |  |   | 770,612    |  
|Income taxes                                                                                  |  |      | 328,876    |   |      |   | 299,981    |      |  |   | 265,015    |   |  |      | 262,682    |   |  |   | 234,266    |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Net income                                                                                    |  | $    | 725,705    |   |      | $ | 623,498    |      |  | $ | 626,121    |   |  | $    | 609,147    |   |  | $ | 536,346    |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Earnings per common share                                                                     |  | $    | 2.07       |   |      | $ | 1.77       |      |  | $ | 1.79       |   |  | $    | 1.70       |   |  | $ | 1.46       |  
|Diluted earnings per common share                                                             |  |      | 2.04       |   |      |   | 1.74       |      |  |   | 1.77       |   |  |      | 1.68       |   |  |   | 1.45       |  
|Cash dividends declared                                                                       |  |      | 1.01       |   |      |   | 0.97       |      |  |   | 0.93       |   |  |      | 0.89       |   |  |   | 0.85       |  
|Return on average assets                                                                      |  |      | 1.43       | % |      |   | 1.30       | %    |  |   | 1.47       | % |  |      | 1.58       | % |  |   | 1.40       | %
|Return on average equity                                                                      |  |      | 20.44      |   |      |   | 18.60      |      |  |   | 20.08      |   |  |      | 20.10      |   |  |   | 18.56      |  
|Operating efficiency*                                                                         |  |      | 52.01      |   |      |   | 57.12      |      |  |   | 52.08      |   |  |      | 49.78      |   |  |   | 53.12      |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Selected year end balances                                                                    |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Loans net of unearned income                                                                  |  | $    | 35,897,939 |   |      | $ | 32,801,337 |      |  | $ | 29,339,364 |   |  | $    | 27,350,918 |   |  | $ | 25,124,493 |  
|Assets                                                                                        |  |      | 52,607,110 |   |      |   | 49,548,371 |      |  |   | 45,615,516 |   |  |      | 40,571,272 |   |  |   | 38,600,414 |  
|Deposits                                                                                      |  |      | 36,348,382 |   |      |   | 34,232,779 |      |  |   | 30,440,353 |   |  |      | 27,315,624 |   |  |   | 26,167,017 |  
|Long-term debt                                                                                |  |      | 5,984,671  |   |      |   | 7,271,518  |      |  |   | 7,852,434  |   |  |      | 6,889,283  |   |  |   | 6,102,255  |  
|Shareholders equity                                                                          |  |      | 3,634,577  |   |      |   | 3,568,841  |      |  |   | 3,229,669  |   |  |      | 3,115,997  |   |  |   | 2,955,099  |  
|Selected average balances                                                                     |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Loans net of unearned income                                                                  |  | $    | 33,836,996 |   |      | $ | 31,241,987 |      |  | $ | 28,511,159 |   |  | $    | 25,921,769 |   |  | $ | 24,763,798 |  
|Assets                                                                                        |  |      | 50,740,057 |   |      |   | 48,010,625 |      |  |   | 42,730,516 |   |  |      | 38,564,568 |   |  |   | 38,238,393 |  
|Deposits                                                                                      |  |      | 35,279,571 |   |      |   | 32,014,976 |      |  |   | 28,582,616 |   |  |      | 25,943,534 |   |  |   | 25,916,181 |  
|Long-term debt                                                                                |  |      | 6,618,944  |   |      |   | 7,706,691  |      |  |   | 7,155,302  |   |  |      | 6,253,669  |   |  |   | 6,117,333  |  
|Shareholders equity                                                                          |  |      | 3,550,047  |   |      |   | 3,351,754  |      |  |   | 3,117,362  |   |  |      | 3,030,901  |   |  |   | 2,889,248  |  
|                                                                                              |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Selected ratios                                                                               |  |      |            |   |      |   |            |      |  |   |            |   |  |      |            |   |  |   |            |  
|Net interest margin*                                                                          |  |      | 3.38       | % |      |   | 3.47       | %    |  |   | 3.78       | % |  |      | 4.37       | % |  |   | 4.11       | %
|Allowance for loan and lease losses to loans net of unearned income                           |  |      | 1.02       |   |      |   | 1.12       |      |  |   | 1.31       |   |  |      | 1.40       |   |  |   | 1.45       |  
|Nonperforming assets to loans net of unearned income, foreclosed properties and repossessions |  |      | 0.34       |   |      |   | 0.34       |      |  |   | 0.50       |   |  |      | 0.72       |   |  |   | 0.76       |  
|Ending equity to ending assets                                                                |  |      | 6.91       |   |      |   | 7.20       |      |  |   | 7.08       |   |  |      | 7.68       |   |  |   | 7.66       |  
|Average equity to average assets                                                              |  |      | 7.00       |   |      |   | 6.98       |      |  |   | 7.30       |   |  |      | 7.86       |   |  |   | 7.56       |  

---

|* |  | The net interest margin and efficiency ratios are presented on a fully taxable-equivalent (FTE) basis. The computation of the FTE adjustment is based on the statutory federal income
tax rate of 35%, adjusted for applicable state income taxes net of the related federal tax benefit.
|- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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|ITEM 7. | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
|------- | -------------------------------------------------------------------------------------



The section entitled Managements Discussion and Analysis of Financial Condition and Results of Operations
of AmSouths 2005 Annual Report to Shareholders is hereby incorporated herein by reference.



|ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|-------- | ----------------------------------------------------------



The information required by this item is included under the caption Risk Management in Managements Discussion and Analysis of
Financial Condition and Results of Operations, which is hereby incorporated herein by reference pursuant to Item 7, above.



|ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
|------- | -------------------------------------------



The Consolidated Financial Statements of AmSouth and Subsidiaries, the accompanying Notes to Consolidated Financial Statements and the Report of
Independent Registered Public Accounting Firm contained in AmSouths 2005 Annual Report to Shareholders are hereby incorporated herein by reference.



|ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
|------- | ------------------------------------------------------------------------------------



None.



|ITEM 9A. | CONTROLS AND PROCEDURES
|-------- | -----------------------



An evaluation was performed as of December 31, 2005 under the supervision and with the participation of AmSouths management, including the
Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of the design and operation of AmSouths disclosure controls and procedures. Based on that evaluation, AmSouths management, including the CEO and CFO,
concluded that AmSouths disclosure controls and procedures were effective as of December 31, 2005.



There were no changes in AmSouths internal controls over financial reporting during the quarter ended December 31, 2005 that have materially
affected, or are reasonably likely to materially affect, AmSouths internal controls over financial reporting.



Managements Report, Managements Report on Internal Control Over Financial Reporting and the Report of Independent Registered Public Accounting
Firm on Internal Control Over Financial Reporting contained in AmSouths 2005 Annual Report to Shareholders are hereby incorporated herein by reference.



|ITEM 9B. | OTHER INFORMATION
|-------- | -----------------



Not Applicable.



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##### Table of Contents

PART III



|ITEM 10. | DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
|-------- | --------------------------------------------------



Biographical and business experience information about the directors and director nominees of AmSouth included in AmSouths Proxy Statement for the
Annual Meeting of Shareholders to be held on April 20, 2006 (the Proxy Statement) under the caption Election of Directors and the information incorporated by reference pursuant to Item 13 below are hereby incorporated herein by
reference. Information on AmSouths executive officers is included in Part I of this report.



Information regarding AmSouths Audit Committee included under the captions Audit Committee and Audit Committee Financial
Experts of the Proxy Statement is hereby incorporated herein by reference.



Information regarding late filings under Section 16(a) of the Securities Exchange Act of 1934 included in the Proxy Statement under the caption Section 16(a) Beneficial Ownership Reporting Compliance
is hereby incorporated herein by reference.



AmSouths
Code of Ethics for Senior Financial Officers is available at www.amsouth.com, as discussed in Available Information above. AmSouth intends to disclose any amendments or waivers with respect to its Code of Ethics for Senior
Financial Officers on its website at www.amsouth.com.



|ITEM 11. | EXECUTIVE COMPENSATION
|-------- | ----------------------



Information regarding compensation of directors and executive officers included under the caption Executive Compensation of the Proxy
Statement is hereby incorporated herein by reference. However, the information provided in the Proxy Statement under the headings Human Resources Committee Report on Executive Compensation and Performance Graph shall not be
deemed to be soliciting material or to be filed with the Securities and Exchange Commission, subject to Regulation 14A or 14C, other than as provided in Item 402 of Regulation S-K, or subject to liabilities of
Section 18 of the Securities Exchange Act of 1934.



|ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
|-------- | ----------------------------------------------------------------------------------------------



The information set forth under the caption Voting Securities and Principal Holders Thereof in the Proxy
Statement is hereby incorporated herein by reference.



|ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
|-------- | ----------------------------------------------



The information set forth in the Proxy Statement under the caption Certain Relationships, Related Transactions and Legal Proceedings is hereby
incorporated herein by reference.



|ITEM 14. | PRINCIPAL ACCOUNTING FEES AND SERVICES
|-------- | --------------------------------------



The information set forth in the Proxy Statement under the caption Independent Registered Public Accounting Firm is hereby incorporated herein
by reference.



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##### Table of Contents

PART IV



|ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES
|-------- | ---------------------------------------



(a)    Financial Statements and Financial Statement Schedules



Financial Statements



The following report of independent registered public accounting firm and consolidated financial statements of AmSouth and its subsidiaries included in
AmSouths 2005 Annual Report to Shareholders are incorporated herein by reference pursuant to Item 8.



Report of Ernst & Young LLP, Independent Registered Public Accounting Firm



Consolidated Balance SheetsDecember 31, 2005 and 2004



Consolidated Statements of EarningsYears ended December 31, 2005,
2004 and 2003



Consolidated Statements of Shareholders
EquityYears ended December 31, 2005, 2004 and 2003



Consolidated Statements of Cash FlowsYears ended December 31, 2005, 2004 and 2003



Notes to Consolidated Financial Statements



Financial Statement Schedules



All schedules to the consolidated financial statements required by Article 9 of Regulation S-X and all other schedules to the financial statements of
AmSouth required by Article 5 of Regulation S-X are not required under the related instructions or are inapplicable and, therefore, have been omitted, or the required information is contained in the Consolidated Financial Statements or the notes
thereto, which are incorporated herein by reference pursuant to Item 8, Financial Statements and Supplementary Data.



(b)    Exhibits



The exhibits listed in the Exhibit Index at page 20 of this Form 10-K are filed herewith or are incorporated herein by reference.



17



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##### Table of Contents

SIGNATURES



Pursuant to the
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



AmSouth BancorporationBy:

/s/    C. DOWD
RITTERC. Dowd Ritter Chairman, President and Chief Executive Officer




Date: March 10, 2006



Pursuant to the requirements of
the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



|    |  |                                       |  |                                                                                                  |  |               
|--- |  | ------------------------------------- |  | ------------------------------------------------------------------------------------------------ |  | --------------
|    |  | Signature                             |  | Title                                                                                            |  | Date          
|    |  |                                       | 
|By: |  | /s/    C. DOWD RITTERC. Dowd Ritter   |  | Chairman, President and Chief Executive Officer (Principal Executive Officer)                    |  | March 10, 2006
|    |  |                                       | 
|By: |  | /s/    BETH E. MOONEYBeth E. Mooney   |  | Senior Executive Vice President and Chief Financial Officer (Principal Financial Officer)        |  | March 10, 2006
|    |  |                                       | 
|By: |  | /s/    ALTON E. YOTHERAlton E. Yother |  | Executive Vice President, Chief Accounting Officer and Controller (Principal Accounting Officer) |  | March 10, 2006
|    |  |                                       | 
|By: |  | *David J. Cooper, Sr.                 |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Earnest W. Deavenport, Jr.           |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Don DeFosset                         |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Martha R. Ingram                     |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Ronald L. Kuehn, Jr.                 |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *James R. Malone                      |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Charles D. McCrary                   |  | A Director                                                                                       |  | March 10, 2006
|    |  |                                       | 
|By: |  | *Claude B. Nielsen                    |  | A Director                                                                                       |  | March 10, 2006



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##### Table of Contents

---

|* |  | John D. Buchanan, by signing his name hereto, does sign this document on behalf of each of the persons indicated above pursuant to powers of attorney executed by such persons and
filed with the Securities and Exchange Commission.
|- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|    |  |                                  
|--- |  | ---------------------------------
|By: |  | /S/    JOHN D.
BUCHANAN          
|    |  | John D. Buchanan Attorney in Fact



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##### Table of Contents

EXHIBIT INDEX



The following is a
list of exhibits including items incorporated by reference. Compensatory plans and arrangements are identified by an asterisk.



|         |  |                                                                                                                                                                                                                                                            
|-------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibits |  | Description                                                                                                                                                                                                                                                
|         | 
|3.1      |  | Restated Certificate of Incorporation of AmSouth Bancorporation (1)                                                                                                                                                                                        
|         | 
|3.2      |  | Bylaws of AmSouth Bancorporation (2)                                                                                                                                                                                                                       
|         | 
|4.1      |  | Stockholder Protection Rights Agreement dated as of December 18, 1997, including as Exhibit A the forms of Rights Certificate and of
Election to Exercise and as Exhibit B the form of Certificate of Designation and Terms of Series A Preferred Stock (3)
|         | 
|4.2      |  | Instruments defining the rights of security holders (4)                                                                                                                                                                                                    
|         | 
|*10.1    |  | AmSouth Bancorporation Executive Incentive Plan, as amended (5)                                                                                                                                                                                            
|         | 
|*10.2    |  | AmSouth Bancorporation Relocation Policy for Executive Officers (6)                                                                                                                                                                                        
|         | 
|*10.3    |  | AmSouth Bancorporation Amended and Restated Supplemental Retirement Plan (7)                                                                                                                                                                               
|         | 
|*10.4    |  | 1989 AmSouth Bancorporation Long Term Incentive Compensation Plan (8)                                                                                                                                                                                      
|         | 
|*10.5    |  | Amendment No. 1 to the 1989 AmSouth Bancorporation Long Term Incentive Compensation Plan (9)                                                                                                                                                               
|         | 
|*10.6    |  | Amendment No. 2 to the 1989 AmSouth Bancorporation Long Term Incentive Compensation Plan (10)                                                                                                                                                              
|         | 
|*10.7    |  | AmSouth Bancorporation 1996 Long Term Incentive Compensation Plan, as amended (11)                                                                                                                                                                         
|         | 
|*10.8    |  | Amended and Restated Deferred Compensation Plan for Directors of AmSouth Bancorporation (12)                                                                                                                                                               
|         | 
|*10.9    |  | AmSouth Bancorporation Amended and Restated Supplemental Thrift Plan (13)                                                                                                                                                                                  
|         | 
|*10.10   |  | Amendment No. 1 to the AmSouth Bancorporation Supplemental Thrift Plan                                                                                                                                                                                     
|         | 
|*10.11   |  | Employment Agreement for C. Dowd Ritter (14)                                                                                                                                                                                                               
|         | 
|*10.12   |  | Amendment to Employment Agreement for C. Dowd Ritter (15)                                                                                                                                                                                                  
|         | 
|*10.13   |  | Form of Change-in-Control Agreement for certain Executive Officers (16)                                                                                                                                                                                    
|         | 
|*10.14   |  | AmSouth Bancorporation Deferred Compensation Plan (17)                                                                                                                                                                                                     
|         | 
|*10.15   |  | Amended and Restated Stock Option Plan for Outside Directors (18)                                                                                                                                                                                          
|         | 
|*10.16   |  | Life Insurance Agreements                                                                                                                                                                                                                                  
|         | 
|*10.17   |  | Supplemental Long-Term Disability Plan (19)                                                                                                                                                                                                                
|         | 
|*10.18   |  | AmSouth Bancorporation Amended and Restated 1991 Employee Stock Incentive Plan (20)                                                                                                                                                                        
|         | 
|*10.19   |  | First American Corporation Directors Deferred Compensation Plan (21)                                                                                                                                                                                      
|         | 
|*10.20   |  | Form of Performance Unit Grant Agreement (22)                                                                                                                                                                                                              
|         | 
|*10.21   |  | Form of Stock Option Grant Agreement (23)                                                                                                                                                                                                                  
|         | 
|*10.22   |  | Form of Stock Option Grant Agreement for Directors (24)                                                                                                                                                                                                    
|         | 
|*10.23   |  | Summary of Compensation Arrangements with Named Executive Officers and Directors (effective January 1, 2006)                                                                                                                                               
|         | 
|13       |  | AmSouth Bancorporations 2005 Annual Report to Shareholders, excluding the portions thereof not incorporated by reference in this Form
10-K                                                                                                                



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##### Table of Contents

|         |  |                                                                                                                                                                        
|-------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibits |  | Description                                                                                                                                                            
|         | 
|21       |  | List of Subsidiaries of AmSouth Bancorporation                                                                                                                         
|         | 
|23       |  | Consent of Independent Registered Public Accounting Firm                                                                                                               
|         | 
|24       |  | Powers of Attorney                                                                                                                                                     
|         | 
|31.1     |  | Certification by Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                     
|         | 
|31.2     |  | Certification by Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                     
|         | 
|32       |  | Certification by Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. § 1350, as Adopted Pursuant to Section 906
of the Sarbanes-Oxley Act of 2002



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##### Table of Contents

NOTES TO EXHIBITS



|(1) |  | Filed as Exhibit 3.1 to AmSouths Report on Form 8-K filed October 15, 1999, incorporated herein by reference (filed with the Securities and Exchange Commission in
Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) |  | Filed as Exhibit 3.2 to AmSouths Form 10-Q Quarterly Report for the quarter ended June 30, 2004, incorporated herein by reference
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------

|(3) |  | Filed as Exhibit 4.1 to AmSouths Report on Form 8-K filed on December 18, 1997, incorporated herein by reference (filed with the Securities and Exchange Commission in
Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(4) |  | Instruments defining the rights of holders of long-term debt of AmSouth are not filed herewith pursuant to Item 601(b)(4)(iii) of Regulation S-K and AmSouth hereby agrees to
furnish a copy of such instruments to the SEC upon request.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(5) |  | Filed as Exhibit 10.1 to AmSouths Form 10-Q Quarterly Report for the quarter ended September 30, 2004, incorporated herein by reference
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------

|(6) |  | Filed as Exhibit 10-b to AmSouths Form 10-K Annual Report for the year ended December 31, 1996, incorporated herein by reference (filed with the Securities and Exchange
Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(7) |  | Filed as Exhibit 10.1 to AmSouths Form 10-Q Quarterly Report for the quarter ended June 30, 2004, incorporated herein by reference
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------

|(8) |  | Filed as Exhibit 10 to AmSouths Form 10-Q Quarterly Report for the quarter ended March 31, 1993, incorporated herein by reference (filed with the Securities and Exchange
Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(9) |  | Filed as Exhibit 10-k to AmSouths Form 10-K Annual Report for the year ended December 31, 1994, incorporated herein by reference (filed with the Securities and Exchange
Commission in Washington, D.C., SEC File No. 1- 7476, former File No. 0-6907)
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(10) |  | Filed as Exhibit 10-a to AmSouths Form 10-Q Quarterly Report for the quarter ended September 30, 1995, incorporated herein by reference (filed with the Securities and
Exchange Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|---- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(11) |  | Filed as Exhibit 10.2 to AmSouths Form 10-Q Quarterly Report for the quarter ended September 30, 2004, incorporated herein by reference
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------

|(12) |  | Filed as Exhibit 10-q to AmSouths Form 10-K Annual Report for the year ended December 31, 1997, incorporated herein by reference (filed with the Securities and Exchange
Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(13) |  | Filed as Exhibit 10.2 to AmSouths Form 10-Q Quarterly Report for the quarter ended June 30, 2004, incorporated herein by reference
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------

|(14) |  | Filed as Exhibit 10-m to AmSouths Form 10-K Annual Report for the year ended December 31, 1999, incorporated herein by reference (filed with the Securities and Exchange
Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(15) |  | Filed as Exhibit 10.2 to AmSouths Form 10-Q Quarterly Report for the quarter ended March 31, 2004, incorporated herein by reference
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------

|(16) |  | Attached hereto as Exhibit 10.12 herewith. Agreements in this form have been entered into with the following Executive Officers: David B. Edmonds, John M. Gaffney, O.B. Grayson
Hall, Jr., W. Charles Mayer, III, Candice W. Bagby, E. W. Stephenson, Jr., Beth E. Mooney, Geoffrey A. von Kuhn, Susan Martinez and William C. Wells, II
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(17) |  | Filed as Exhibit 10.13 to AmSouths Form 10-K Annual Report for the year ended December 31, 2004, incorporated herein by reference
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------

|(18) |  | Filed as Appendix E to AmSouths Proxy Statement dated March 10, 2004 for the Annual Meeting of Shareholders held April 15, 2004, incorporated herein by reference
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------



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##### Table of Contents

|(19) |  | Filed as Exhibit 10-b to AmSouths Form 10-Q Quarterly Report for the quarter ended March 31, 1998, incorporated herein by reference (filed with the Securities and
Exchange Commission in Washington, D.C., SEC File No. 1-7476, former File No. 0-6907)
|---- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(20) |  | Filed as part of First Americans Proxy Statement dated March 18, 1991 for the Annual Meeting of Shareholders held April 19, 1991 with amendments filed as part of the
Proxy Statements for the Annual Meetings held on April 21, 1994 and April 17, 1997, incorporated herein by reference (filed with the Securities and Exchange Commission in Washington, D.C., SEC File No. 0-6198)
|---- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(21) |  | Filed as Exhibit 10-a to AmSouths Form 10-Q Quarterly Report for the quarter ended March 31, 2002, incorporated herein by reference
|---- |  | ------------------------------------------------------------------------------------------------------------------------------------

|(22) |  | Filed as Exhibit 10.1 to AmSouths Report on Form 8-K filed on February 11, 2005, incorporated herein by reference
|---- |  | ------------------------------------------------------------------------------------------------------------------

|(23) |  | Filed as Exhibit 10.2 to AmSouths Report on Form 8-K filed on February 11, 2005, incorporated herein by reference
|---- |  | ------------------------------------------------------------------------------------------------------------------

|(24) |  | Filed as Exhibit 10.1 to AmSouths Report on Form 8-K filed on April 26, 2005, incorporated herein by reference.
|---- |  | ----------------------------------------------------------------------------------------------------------------



23