FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * HERVEY JAY R   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 Sec & Gen Counsel (Last) (First) (Middle) 3525 FAIRYSTONE PARK HWY, P O BOX 626 3. Date of Earliest Transaction (Month/Day/Year) 06/02/2005 (Street) BASSETT, VA 24055 4. If Amendment, Date 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 (City) (State) (Zip) 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 05/31/2005   J(3)   2,000 A $ 14.7 4,498.04 (5) D   COMMON 05/31/2005   S(4)   1,720 D $ 19.6 2,778.079 (5) D   COMMON 06/01/2005   J(6)   5,000 A $ 14.88 7,778.079 (5) D   COMMON 06/01/2005   S(7)   4,300 D $ 19.87 3,478.079 (5) D

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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 Underlying Securities (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 of Derivative Security: 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)

$ 22.625

05/06/1997

A

1,500

11/07/1997

05/06/2007

Common

1,500

$ 22.625

1,500

D

Option (2)

$ 32.25

03/24/1998

A

20,419

11/07/2000

03/23/2008

Common

20,419

$ 32.25

20,419

D

Option (2)

$ 14.875

06/01/2005

A

4,960 (6)

01/18/2001

01/17/2010

Common

5,205

$ 14.875

0

D

Option (2)

$ 14.875

06/01/2005

A

40 (6)

01/18/2002

01/17/2010

Common

5,204

$ 14.875

5,164

D

Option (2)

$ 14.875

01/18/2000

A

5,204

01/18/2003

01/17/2010

Common

5,204

$ 14.875

5,204

D

Option (2)

$ 14.7

05/31/2005

A

1,584 (3)

01/15/2003

01/14/2012

Common

2,334

$ 14.7

0

D

Option (2)

$ 14.7

05/31/2005

A

416 (3)

01/15/2004

01/14/2012

Common

2,333

$ 14.7

1,917

D

Option (2)

$ 14.7

01/15/2002

A

2,333

01/15/2005

01/14/2012

Common

2,333

$ 14.7

2,333

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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HERVEY JAY R 3525 FAIRYSTONE PARK HWY P O BOX 626 BASSETT, VA 24055			Vice Pres Sec & Gen Counsel

Signatures

Jay R Hervey		06/02/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Granted under the 1993 long term incentive plan which is a rule 16b-3 plan.
(2)	Granted under the 1997 Employee Stock Plan which is a rule 16b-3 plan.
(3)	Exercise of 2000 options at $14.70 pursuant to a 10b5-1 trading plan.
(4)	Sale of 1720 shares at $19.60 pursuant to a 10b5-1 trading plan.
(5)	Includes shares acquired under the 2000 Employee Stock Purchase Plan in Transactions exempt under Rule 16b-3(c).
(6)	Exercise of 5000 shares at $14.88 pursuant to a 10b5-1 trading plan.
(7)	Sale of 4300 shares at $19.87 pursuant to a 10b5-1 trading plan.

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