SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BROWN PETER W DR (Last) (First) (Middle) 4603 SULGRAVE ROAD (Street) RICHMOND VA 23221 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BASSETT FURNITURE INDUSTRIES INC [ BSET ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/08/2004
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (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 (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	03/08/2004		I		1,000	A	$14	6,293	D
Common	03/08/2004		I		1,000	A	$12.41	7,293	D
Common	03/08/2004		I		1,000	A	$10.54	8,293	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
OPTION(1)	$27.75							10/01/1994	03/31/2004	COMMON	500		500	D
OPTION(1)	$26.5							10/03/1995	04/02/2005	COMMON	500		500	D
OPTION(1)	$25.75							10/02/1996	04/02/2006	COMMON	500		500	D
OPTION(1)	$23.875							10/01/1997	04/02/2007	COMMON	500		500	D
OPTION(1)	$27.75							05/07/1998	11/06/2007	COMMON	2,500		2,500	D
OPTION(1)	$30.75							10/01/1998	03/31/2008	COMMON	1,000		1,000	D
OPTION(1)	$23							10/01/1999	03/31/2009	COMMON	1,000		1,000	D
OPTION(1)	$14	03/08/2004		D			1,000	10/03/2000	04/02/2010	COMMON	1,000	$14	0	D
OPTION(1)	$12.41	03/08/2004		D			1,000	10/02/2001	04/01/2011	COMMON	1,000	$12.41	0	D
OPTION(1)	$20.51							10/01/2002	03/31/2012	COMMON	1,000		1,000	D
OPTION(1)	$10.54	03/08/2004		D			1,000	10/01/2003	03/31/2013	COMMON	1,000	$10.54	0	D

Explanation of Responses:

1. GRANTED UNDER THE 1993 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS.

	DR. Peter W. Brown	03/08/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.