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 * LANE C HUGH JR   2. Issuer Name and Ticker or Trading Symbol BANK OF SOUTH CAROLINA CORP [BKSC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President & CEO (Last) (First) (Middle) P. O. BOX 538 3. Date of Earliest Transaction (Month/Day/Year) 05/20/2005 (Street) CHARLESTON, SC 294020538 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 Stock               202,587 (1) D   Common Stock               7,865 I As A Trustee/Mills Bee Lane Fndtn Common Stock               1,210 I As Co-Trustee/HCL Irrev Trust Common Stock               13,721 I As Co-Trustee/Jost Trust Common Stock               1,210 I As Co-Trustee/Schenck Trust Common Stock               39,161 I As Trustee, HCL Trust for Grandchildren Common Stock               71,782 I By Daughter (LAL) Common Stock               74,022 I By Daughter (SWL) Common Stock               28,642 I By ESOP Common Stock               10,212 I By Spouse Common Stock               18,513 I Personal Representative U/W of HCLane Common Stock               38,589 I Wife as Cust for Son

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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

Incentive Stock Option (Right to Buy)

$ 12.27

05/14/2006

05/14/2006

Common Stock

19,965

19,965

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANE C HUGH JR P. O. BOX 538 CHARLESTON, SC 294020538	X	X	President & CEO

Signatures

By: Janice B. Stanley, Attorney In Fact for		05/20/2005
**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)	Adjustment - 05/16/05 10% stock distribution received was for 200 shares more than anticipated. Research determined a gift of 2000 shares, which had been made to Wofford College on April 18, 2005, had not yet transferred out of this reporter's name as of the record date of April 29, 2005.

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