UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 8)*

                               CCF Holding Company
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    12487X104
                                 (CUSIP Number)

                                December 31, 2004
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X]  Rule 13d-1(b)
[ ]  Rule 13d-1(c)
[ ]  Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).






CUSIP No. 12487X104
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1. Names of Reporting Persons.
   I.R.S. Identification Nos. of above persons (entities only).

   First Financial Fund, Inc.
   13-334157
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2. Check the Appropriate Box if a Member of a Group (See Instructions) 
   (a)
   (b)
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3. SEC Use Only 
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4. Citizenship or Place of Organization          Maryland
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Number of                       5. Sole Voting Power:       282,010
Shares
Beneficially                    6. Shared Voting Power:           0
Owned by
Each Reporting                  7. Sole Dispositive Power:        0
Person With
                                8. Shared Dispositive Power: 282,010  
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9. Aggregate Amount Beneficially Owned by Each Reporting Person.    282,010
--------------------------------------------------------------------------------

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11. Percent of Class Represented by Amount in Row (9)        12.60%
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12. Type of Reporting Person (See Instructions) IV
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                                  SCHEUDLE 13G
Item 1.
             
          (a)  NAME OF ISSUER: CCF Holding Company

          (b)  ADDRESS OF ISSUER'S  PRINCIPAL  EXECUTIVE  OFFICES:101 North Main
               Street Jonesboro, Georgia 30236

Item 2.
             
          (a)  NAME OF PERSON FILING: First Financial Fund, Inc.

          (b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,  RESIDENCE:1680
               38th Street, Suite 800 Boulder, Colorado 80301

          (c)  CITIZENSHIP: Maryland

          (d)  TITLE OF CLASS OF SECURITIES: Common Stock

          (e)  CUSIP NUMBER: 320228109

Item 3. Type of Person Filing Pursuant to  ss.ss.240.13d-1(b) or 240.13d-2(b) or
(c):

          Investment  company  registered  under  section  8 of  the  Investment
          Company Act of 1940 (15 U.S.C 80a-8).

Item 4. Ownership.

          (a)  AMOUNT   BENEFICIALLY   OWNED:  First  Financial  Fund,  Inc.,  a
               registered  closed-end  investment  company,  may be  deemed  the
               beneficial owner of 282,010 shares of common stock of the Issuer.

          (b)  PERCENT OF CLASS: 12.60%

          (c)  VOTING AND DISPOSITIVE  POWER: First Financial Fund, Inc. has the
               sole  power to vote or to  direct  the vote and  shared  power to
               dispose or to direct the  disposition of 282,010 shares of common
               stock of the Issuer.  First Financial Fund, Inc. has shared power
               to vote or to direct  the vote and sole  power to  dispose  or to
               direct the disposition of 0 shares of common stock of the Issuer.

Item 5. Ownership of Five Percent or Less of a Class

If this  statement  is being filed to report the fact that as of the date hereof
the  reporting  person has ceased to be the  beneficial  owner of more than five
percent of the class of securities, check the following [ ].



Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10.    Certification

     By signing  below I certify  that,  to the best of my knowledge and belief,
     the securities referred to above were acquired and are held in the ordinary
     course of business  and were not  acquired and are not held for the purpose
     of or with the effect of changing or influencing  the control of the issuer
     of the securities and were not acquired and are not held in connection with
     or as a participant in any transaction having that purpose or effect.

                                    SIGNATURE

     After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.

Dated:  February 14, 2005

     FIRST FINANCIAL FUND, INC.

By: /s/ Stephen C. Miller
Name:    Stephen C. Miller
Title:   President