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* KING CHARLES T (Last) (First) (Middle) 3525 FAIRYSTONE PARK HWY P O BOX 626 (Street) BASSETT VA 24055 (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) Director 10% Owner X Officer (give title below) Other (specify below) Vice Pres of Business Develop
	3. Date of Earliest Transaction (Month/Day/Year) 08/10/2004
	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	07/19/2004		S		350	D	$20.04	3.307(1)	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(2)	$20.5	02/12/1995		A		3,000		02/12/2002	02/11/2009	Common	3,000	$20.5	3,000	D
Option(2)	$11.91	06/27/2000		A		1,667		06/26/2001	06/25/2010	Common	1,667	$11.91	1,667	D
Option(2)	$11.91	06/27/2000		A		1,667		06/26/2002	06/25/2010	Common	1,667	$11.91	1,667	D
Option(2)	$11.91	06/27/2000		A		1,666		06/26/2003	06/25/2010	Common	1,666	$11.91	1,666	D
Option(2)	$13.03	06/26/2001		A		667		06/26/2002	06/25/2011	Common	667	$13.03	667	D
Option(2)	$13.03	06/26/2001		A		667		06/26/2003	06/25/2011	Common	667	$13.03	667	D
Option(2)	$13.03	06/26/2001		A		666		06/26/2004	06/25/2011	Common	666	$13.03	666	D
Option(2)	$14.7	01/15/2002		A		2,667		01/15/2003	01/14/2012	Common	2,667	$14.7	2,667	D
Option(2)	$14.7	01/15/2002		A		2,667		01/15/2004	01/14/2012	Common	2,667	$14.7	2,667	D
Option(2)	$14.7	01/15/2002		A		2,666		01/15/2005	01/14/2012	Common	2,666	$14.7	2,666	D
Option(2)	$21.12	02/24/2004		A		12,500		11/15/2004	02/23/2014	Common	12,500	$21.12	12,500	D

Explanation of Responses:

1. Includes shares acquired under the 2000 Employee Stock Purchase Plan in Transactions exempt under Rule 16b-3(c).

2. Granted under the 1997 Employee Stock Plan which is a Rule 16b-3 plan.

	Charles T King	08/10/2004
	** 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).
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