UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Barbara J Desoer
Bank of America Corporation
NC1-007-57-02
NC, Charlotte 28255
2. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORPORATION (BAC)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President, Consumer Products
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
___________________________________________________________________________________________________________________________________|
Common Stock | | | | | |11058 |D | |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |8/3/ 2|4/F |43 |D | |728 |I |Spouse |
|001 |1 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock | | | | | |5337.825 |I |Thrift Trust |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock | | | | | |2720.055 |I |Thrift Trust-Spouse |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
___________________________________________________________________________________________________________________________________|
Option, Right to buy |$48.4375| | | | | |01/03|Common Stock| | |105000 |D | |
| | | | | | |/2010| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to buy |$48.4375| | | | | |01/03|Common Stock| | |1200 |I |Spouse |
| | | | | | |/2010| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$53.28 | | | | | |01/31|Common Stock| | |180000 |D | |
| | | | | | |/2011| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$53.28 | | | | | |01/31|Common Stock| | |1200 |I |Spouse |
| | | | | | |/2011| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$61.36 | | | | | |2/01/|Common Stock| | |210000 |D | |
| | | | | | |2012 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$61.36 | | | | | |2/01/|Common Stock| | |1200 |I |Spouse |
| | | | | | |2012 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$48.4375| | | | | |1/02/|Common Stock| | |180 |I |Spouse |
| | | | | | |2005 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$61.36 | | | | | |02/01|Common Stock| | |400 |I |Spouse |
| | | | | | |/2007| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option (Right to Buy) |$36.7011| | | | | |08/05|Common Stock| | |13775 |D | |
| | | | | | |/2006| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option (w/LSAR) (Right t|$95.4401| | | | | |05/22|Common Stock| | |50696 |D | |
o Buy) | | | | | | |/2007| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option (w/LSAR) (Right t|$71.5801| | | | | |05/22|Common Stock| | |33382 |D | |
o Buy) | | | | | | |/2007| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option (W/LSAR) (Right t|$63.6267| | | | | |05/22|Common Stock| | |31345 |D | |
o Buy) | | | | | | |/2007| | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option,Right to Buy |$50.70 | | | | | |5/22/|Common Stock| | |45377 |D | |
| | | | | | |2007 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$73.29 | | | | | |5/18/|Common Stock| | |204 |D | |
| | | | | | |2003 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$73.29 | | | | | |5/18/|Common Stock| | |204 |I |Spouse |
| | | | | | |2003 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Option, Right to Buy |$60.50 | | | | | |1/03/|Common Stock| | |360 |I |Spouse |
| | | | | | |2004 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
Explanation of Responses:
1. Disposition of shares to the issuer to satisfy the tax withholding
obligation associated with the vesting of restricted stock which is exempt
under Rule 16b-3(e).
SIGNATURE OF REPORTING PERSON
Barbara J Desoer
Barbara J. Desoer