UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2001
Check here if Amendment [ ]; Amendment Number
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BancorpSouth, Inc.
Address: One Mississippi Plaza, 201 South Spring Street
Tupelo, MS 38804
Form 13F File Number: 28-10453
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: James C. Kelly, Jr.
Title: Vice President and Trust Operations Manager
Phone: (601) 944-3583
Signature, Place, and Date of Signing:
/s/ James C. Kelly, Jr. Jackson, Mississippi May 9, 2003
---------------------------- -------------------- -----------
[Signature] [City, State] [Date]
EXPLANATORY NOTE:
This Form 13F was timely filed by BancorpSouth, Inc. on November 14,
2001 for the three months ended September 30, 2001, but was inadvertently filed
under the Form 13F File Number ("File Number") of First United Bancshares, Inc.
rather than under BancorpSouth's File Number. First United Bancshares was
merged with and into BancorpSouth on August 31, 2000. BancorpSouth is re-filing
this Form 13F under the correct File Number of BancorpSouth.
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager: None.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 331
Form 13F Information Table Value Total: $278,154 (thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of
all institutional investment managers with respect to which this report is
filed, other than the manager filing this report. NONE.
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
LUKS INDUSTRIAL CO G5696D102 0 800 SH DEFINED 800 0 0
ABBOTT LAB 002824100 1695 32715 SH SOLE 30115 300 2300
ABBOTT LAB 002824100 294 5688 SH DEFINED 200 4288 1200
GRUY PETRO MGMT
WALKER CREEK WALKER
CREEK 002995363 0 1 PRN SOLE 1 0 0
ATLANTA EXP-CRONE
12-96 003995362 0 1 SH SOLE 1 0 0
ADAMS EXPRESS CO COM 006212104 144 9692 SH SOLE 9692 0 0
AETNA INC COM 00817Y108 5 200 SH DEFINED 0 0 200
ART MACHIN ASSOC
109-01 008990103 0 1 PRN SOLE 1 0 0
AIR PRODS &
CHEMS INC COM 009158106 15 400 SH DEFINED 0 0 400
PETROQUEST
EXPLORATION 009990102 0 1 PRN SOLE 1 0 0
ALLERGAN INC 018490102 13 210 SH SOLE 210 0 0
AEROPRES DIV #2240 018990101 0 1 PRN SOLE 1 0 0
ALLIED CAP CORP COM NEW 01903Q108 6 300 SH SOLE 300 0 0
ALLTEL CORP 020039103 652 11265 SH DEFINED 5965 0 5300
AMERICAN ELECTRIC
POWER 025537101 219 5072 SH SOLE 3672 0 1400
AMERICAN ELECTRIC
POWER 025537101 21 498 SH DEFINED 318 0 180
AMER EXPRESS CO 025816109 139 4800 SH SOLE 4800 0 0
AMER HOME PROD CORP 026609107 326 5600 SH SOLE 5600 0 0
AMER HOME PROD CORP 026609107 268 4615 SH DEFINED 3100 0 1515
ATLANTA EXP-NEW
HOPE EXPAND 10/98 026995365 0 1 PRN SOLE 1 0 0
AMERICAN MUTUAL
FUND INC 02768110R 28 1237 SH SOLE 1237 0 0
AMERICAN MUTUAL
FUND INC 0276B110R 198 8554 SH DEFINED 8554 0 0
ANADARKO PETE CORP 032511107 70 1464 SH DEFINED 0 1464 0
ATLANTA EXP
WARECREEK LSE 036995363 0 1 PRN SOLE 1 0 0
APPLE COMP INC 037833100 7 505 SH SOLE 505 0 0
APPLE COMP INC 037833100 49 3200 SH DEFINED 0 3200 0
ARCHER-DANIELS-
MIDLAND COMPANY 039483102 3 279 SH SOLE 0 0 279
AUTO DATA PROCESS 053015103 244 5200 SH SOLE 4400 0 800
AUTO DATA PROCESS 053015103 150 3200 SH DEFINED 3200 0 0
AUTOZONE 053332102 51 1000 SH SOLE 1000 0 0
AUTOZOHE 053332102 27 530 SH DEFINED 530 0 0
AVENTIS SPONSORED ADR 053561106 7 98 SH SOLE 98 0 0
AXCELIS
TECHNOLOGIES INC 054540109 20 2181 SH SOLE 2181 0 0
BODCAW BANK 056004997 767 853 SH SOLE 795 0 58
BODCAW BANK 056004997 5 6 SH DEFINED 6 0 0
BAKER HUGHES INC COM 057224107 3 135 SH SOLE 135 0 0
BANCORPSOUTH INC 059692103 13596 882876 SH SOLE 720256 145433 17187
BANKAMERICA CORP COM NEW 060505104 1259 21570 SH SOLE 21570 0 0
BANKAMERICA CORP COM NEW 060505104 158 2710 SH DEFINED 300 0 2410
BANK OF THE
OZARKS, INC 063904106 517 23800 SH DEFINED 0 23800 0
BAXTER INTL INC 071813109 221 4030 SH SOLE 2030 0 2000
13 PORTERS
CHAPEL ROAD RENT-SPROUSE 078995362 0 1 PRN SOLE 1 0 0
BELLSOUTH CORP 079860102 1775 42748 SH SOLE 39666 2442 640
BELLSOUTH CORP 079860102 30 732 SH DEFINED 732 0 0
BERKSHIRE
HATHAWAY "A" 084670108 70 1 SH SOLE 1 0 0
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
BETHLEHEM STL CORP PFD CV $2.50 087509402 3 1100 SH SOLE 1100 0 0
BLACKBURN MTR NV 088995360 1447 1577 SH SOLE 1577 0 0
BOEING INC 097023105 242 7227 SH SOLE 5927 0 1300
BOEING INC 097023105 13 400 SH DEFINED 100 0 300
BRISTOL MYERS
SQUIBB CO 110122108 1721 30990 SH SOLE 30990 0 0
BRISTOL MYERS
SQUIBB CO 110122108 261 4700 SH DEFINED 4700 0 0
BULL RUN CORP
GEORGIA 120182100 4 3400 SH SOLE 3400 0 0
BURLINGTON
NORTHERN/SANTA FE
CORP 12189T104 24 930 SH SOLE 930 0 0
CLECO CORP COM 12561W105 12 600 SH SOLE 600 0 0
CITGO 0380600014 130990104 0 PRN SOLE 1 0 0
CITGO 0380600011 131990103 0 PRN SOLE 1 0 0
CITGO 03806000010 132990102 0 PRN SOLE 1 0 0
CABE LAND COMPANY
AKA CABE CATTLE CO. 133005991 1619 1767 SH SOLE 12586 0 5086
CAMPBELL SOUP CO COM 134429109 11 40 SH SOLE 0 0 400
CITGO 0380600015 134990100 0 PRN SOLE 1 0 0
CABE/LONG MANAGMENT 135000990 311 311294 SH SOLE 311294 0 0
CABE INVESTMENTS INC 135005999 311 311294 SH SOLE 311294 0 0
LION OIL 68-0366 135990109 0 1 PRN SOLE 1 0 0
CAPITAL ONE FINL
CORP COM 14040H105 244 5315 SH SOLE 515 0 4800
CARDINAL HEALTH INC COM 14149Y108 33 447 SH SOLE 0 0 447
CATERPILLAR INC 149123101 472 10555 SH SOLE 10455 0 100
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 100 0 0
CHEVRON CORP 166751107 1107 13073 SH SOLE 12073 0 1000
CHEVRON CORP 166751107 257 3043 SH DEFINED 2643 0 400
CHUBB CORPORATION 171232101 392 5500 SH SOLE 5500 0 0
COCA COLA CO 191216100 1871 39955 SH SOLE 32350 1000 6605
COCA COLA CO 191216100 285 6100 SH DEFINED 100 0 6000
COLGATE-PALMOLIVE CO 194162103 394 6773 SH SOLE 6773 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 0 0 200
COMCAST 200300200 28 800 SH DEFINED 800 0 0
COMPAQ COMPUTER CORP 204493100 193 23315 SH SOLE 2261S 0 700
COMPUTER ASSOC
INTL INC COM 204912109 20 800 SH SOLE 800 0 0
CONAGRA FOODS INC COM 205887102 13 600 SH SOLE 600 0 0
CONAGRA FOODS INC COM 205887102 4 200 SH DEFINED 200 0 0
CONECTIV INC COM 206829103 15 675 SH SOLE 675 0 0
CONSECO STRATEGIC
INC FD SH BEN INT 20847A102 7 866 SH SOLE 866 0 0
CONSOLIDATED EDISON
INC COM 209115104 41 1028 SH SOLE 1028 0 0
CONSTELLATION
ENERGY CORP 210371100 9 400 SH DEFINED 400 0 0
CORNING INC 219350105 15 1800 SH SOLE 1800 0 0
DPL INC COM 233293109 48 1985 SH SOLE 1985 0 0
DANA CORP 235811106 13 866 SH SOLE 866 0 0
DEAN FOODS CO 242361103 18 400 SH SOLE 400 0 0
DELTA AIRLINES INC 247361108 5 200 SH SOLE 200 0 0
DELTIC TIMBER INC 247850100 453 17940 SH SOLE 17940 0 0
DELTIC TIMBER INC 247850100 16336 645971 SH DEFINED 0 645543 428
DIAMOND OFFSHORE
DRILLING INC 25271C102 1 50 SH SOLE 50 0 0
WALT DISNEY CO 254687106 14 760 SH SOLE 760 0 0
WALT DISNEY CO 254687106 3 200 SH DEFINED 200 0 0
DOW CHEMICAL CO 260543103 1008 30794 SH SOLE 30794 0 0
DOW CHEMICAL CO 260543103 15 483 SH DEFINED 483 0 0
DREYFUS MUNICIPAL
BOND FUND 26201Q104 46 3881 SOLE 3881 0 0
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
DU PONT EI D
NEMOURS & CO 263534109 277 7397 SH SOLE 7397 0 0
DUKE ENERGY CORP COM 264399106 229 6054 SH SOLE 6054 0 0
DUKE ENERGY CORP COM 264399106 7 200 SH DEFINED 200 0 0
DYNEX CAP INC COM NEW 26817Q506 0 106 SH DEFINED 106 0 0
EEX CORP COM NEW 26842V207 0 66 SH SOLE 66 0 0
EQUINOX - OPHILIA
TODD 10400 271995367 0 1 PRN SOLE 1 0 0
ALBEMARLE CORP
(ETHYL) 274990100 0 1 PRN SOLE 1 0 0
UNIT AGREEMENT-
SMACKOVERUNIT 275995363 0 1 PRN SOLE 1 0 0
EASTMAN KODAK CO 277461109 34 1050 SH SOLE 1050 0 0
EATON CORP COM 278058102 97 1650 SH SOLE 1650 0 0
ECHELON CORP 27874N105 1 100 SH SOLE 100 0 0
A.G. EDWARDS INC 281760108 11 325 SH SOLE 325 0 0
ATLANTA EXPLORATION
PISG PRO 281995365 0 1 PRN SOLE 1 0 0
ATLANTA EXPLORATION
WARE CR 282995364 0 1 PRN SOLE 1 0 0
ELECTRONIC DATA SYS
CORP NEW 285661104 no 2963 SH SOLE 2963 0 0
ELECTRONIC DATA SYS
CORP NEW 285661104 0 8 SH DEFINED 8 0 0
EMERSON ELECTRIC CO 291011104 112 2400 SH SOLE 2400 0 0
EMERSON ELECTRIC CO 291011104 16 350 SH DEFINED 350 0 0
ENCORE WIRE CORP COM 292562105 270 20900 SH SOLE 13900 0 7000
ENRON CORP 293561106 21 800 SH SOLE 800 0 0
ENTERGY 65 SERIES
PRD 4.56% 29364D407 1 18 SH SOLE 18 0 0
ENTERGY ARK INC PFD
$6.08 29364D605 4 60 SH SOLE 60 0 0
ENTERGY ARK INC PFD
$7.32 29364D704 21 229 SH SOLE 229 0 0
ENTERGY ARK INC PFD
$7.80 29364D803 10 100 SH SOLE 100 0 0
ENTERGY ARK INC PFD
$7.40 29364DB29 8 90 SH SOLE 90 0 0
ENTERGY ARK INC PFD
$7.88 29364D852 14 145 SH SOLE 145 0 0
ENTERGY CORP 29364G103 188 5298 SH SOLE 4298 0 1000
ENTERGY CORP 29364G103 21 593 SH DEFINED 593 0 0
CHALLENGE OPT
ROBERSON#1ARK 301990107 0 1 PRN SOLE 1 0 0
FLOWEREE PLANTING
LSE 1-1-98 301995361 0 1 PRN SOLE 1 0 0
FPL GROUP INC 302571104 31 580 SH SOLE 580 0 0
FNMA COM 313586109 128 1600 SH SOLE 1600 0 0
FEDERAL REALTY INVT SH BEN
TR INT NEW 313747206 15 685 SH SOLE 685 0 0
1ST CENTURY
BANKSHARES 319426102 16 1000 SH SOLE 1000 0 0
FIRST NAT'L
ENTERTAINMENT CORP 320940109 0 388 SH DEFINED 388 0 0
FIRST COMMUNITY
BANK NA NPT 329000996 2 2000 SH SOLE 2000 0 0
ADV FUND MS TRS 33732A210 9 24 SOLE 24 0 0
1ST TRS ADVAN SER
195 MSTR9 33732C745 33 35 SH SOLE 35 0 0
1ST TRUST ADV UIT
SER 32 MS TRUST 1 337320675 3 15 SOLE 15 0 0
1ST TRS ADVAN SER
38 MSTR2 337320865 3 20 SH SOLE 20 0 0
FLUOR CORP 343412102 11 300 SH SOLE 300 0 0
FLUOR CORP 343412102 3 96 SH DEFINED 96 0 0
FOAMEX INT'L INC 344123104 123 20050 SH SOLE 20050 0 0
FORD MTR CO CAP TR I TOPRS 9% 345343206 25 1000 SH SOLE 1000 0 0
GAP INC DEL COM 364760108 17 1500 SH SOLE 1500 0 0
GENERAL ELECTRIC CO 369604103 4951 133108 SH SOLE 131478 450 1180
GENERAL ELECTRIC CO 369604103 226 6100 SH DEFINED 1700 0 4400
GENERAL MLS INC COM 370334104 32 720 SH SOLE 720 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 28 673 SH SOLE 407 66 200
GENOME THERAPEUTICS
CORP COM 372430108 5 1000 SH SOLE 0 0 1000
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
GEORGIA PAC CORP 373298108 178 6202 SH SOLE 5802 0 400
GEORGIA PAC TIMBER
GROUP 373298702 13 360 SH SOLE 360 0 0
GERON CORP COM 374163103 2 300 SH SOLE 300 0 0
SCUDDER GLOBAL
DISCOVERY FD 378947501 11 544 SH SOLE 544 0 0
GLOBAL MARINE INC COM 379352404 8 575 SH SOLE 575 0 0
GLOBAL SPORTS INC 37937A107 0 29 SH SOLE 29 0 0
GOODYEAR TIRE &
RUBBER 382550101 31 1718 SH SOLE 1192 0 526
GREAT LAKES CHEM
CORP COM 390568103 39 1785 SH DEFINED 0 1785 0
GUARANTY BANCSHARES
INC TEX COM 400764106 2 200 SH SOLE 0 0 200
GUIDANT CORP COM 401698105 169 4400 SH SOLE 4300 0 100
HARRIS
SHORT/INTERMEDIATE BOND CL I 40429960R 70 6691 SH SOLE 6691 0 0
BURNS/PERKIS
OIL/GAS11-1999 408995363 0 1 PRN SOLE 1 0 0
HANCOCK FABRICS 409900107 13 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 117 2897 SH SOLE 2897 0 0
HARRIS CORP 413875105 47 1494 SH SOLE 1494 0 0
HARRIS EQUITY
INCOME FUND 41454B10R 76 5010 SH SOLE 5010 0 0
HARTFORD FNCL SV
GRP INC COM 416515104 11 200 SH DEFINED 200 0 0
418056107 11 787 SH DEFINED 787 0 0
HATTERAS INCOME
SECS INC COM 419025101 2 200 SH SOLE 200 0 0
HEWLETT PACKARD CO 428236103 203 12672 SH SOLE 9822 0 2850
HEWLETT PACKARD CO 428236103 6 400 SH DEFINED 0 0 400
HIBERNIA CORP 428656102 6091 372786 SH SOLE 371886 0 900
HIBERNIA CORP 428656102 14 900 SH DEFINED 900 0 0
HIGHLANDS INS GROUP 431032101 29 12000 SH SOLE 12000 0 0
HOME DEPOT 437076102 820 21397 SH SOLE 16922 4050 425
HOME DEPOT 437076102 58 1532 SH DEFINED 882 0 650
HOMEFED CORP COM NEW 43739D208 3 4028 SH DEFINED 0 4028 0
HOPEWELL HLDGS LTD SPONSORED ADR 439555301 6 14600 SH DEFINED 0 14600 0
HUBBELL INC CL B 443510201 29 1000 SH SOLE 1000 0 0
ICN PHARMACEUTICALS
INC COM NEW 448924100 13 525 SH SOLE 0 0 525
INS MUN-IHC TRS 198 45808G723 0 5 SOLE 5 0 0
UTS INSURED MUNI
INC TR#8297 45808V266 7 10 DEFINED 10 0 0
INS MUN-INC TRS 116 458084837 1 6 SOLE 6 0 0
INTEL CORP CAP 458140100 936 45844 SH SOLE 41894 2700 1250
INTEL CORP CAP 458140100 90 4430 SH DEFINED 230 0 4200
IBM CORP 459200101 3382 36880 SH SOLE 33830 400 2650
IBM CORP 459200101 116 1275 SH DEFINED 475 800 0
INTL PAPER CO 460146103 165 4748 SH SOLE 4698 0 50
INTL PAPER CO 460146103 50 1450 SH DEFINED 150 1100 200
JANUS WORLDWID FUND
#41 471023309 25 661 SH SOLE 661 0 0
JEFFERSON PILOT
CORPORATION 475070108 20 450 SH DEFINED 0 0 450
JOHNSON & JOHNSON 478160104 3015 54426 SH SOLE 54026 0 400
JOHNSON & JOHNSON 478160104 520 9400 SH DEFINED 4600 1200 3600
KANSAS CITY PWR &
LT CO COM 485134100 74 2855 SH SOLE 2855 0 0
KELLOGG CO 487836108 6 200 SH SOLE 200 0 0
C SIMMONS LSE EXP
12/31/06 490990108 0 1 PRN SOLE 1 0 0
KERR-MCGEE
CORPORATION INC 492386107 1 25 SH SOLE 25 0 0
LION OIL 68-0261 RI
& ORI 493990105 0 1 PRN SOLE 1 0 0
LION OIL 05-0260
680260(246) 493995369 0 1 PRN SOLE 1 0 0
LION OIL 48-0260 RI
& ORI 494990104 0 1 PRN SOLE 1 0 0
LION OIL 05-0261
(DRIP) 494995368 0 1 PRN SOLE 1 0 0
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
LION OIL CO
#18-1896 496990102 0 1 PRN SOLE 1 0 0
WICKFORD ENERGY
DO#9601100 498990100 0 1 PRN SOLE 1 0 0
LTV CORP *W EXP
06/28/1998 501921126 0 1 SH SOLE 0 0 1
LTV CORP 1.25
SERIES 502210800 0 14 SH SOLE 0 0 14
LACLEDE GAS CO COM 505588103 7 300 SH SOLE 300 0 0
LACLEDE GAS CO COM 505588103 21 900 SH DEFINED 900 0 0
LEAR CORP COM 521865105 2 100 SH SOLE 100 0 0
LEXMARK INTL MEW CL A 529771107 8 190 SH SOLE 190 0 0
COLONIAL TAX EXEMPT
FUND A 53054410R 144 10848 SOLE 10383 0 465
LOUISIANA COMPANIES 540000999 0 36 SH SOLE 0 0 36
MERLIN MORRIS
FARMS INC. 546001991 2 2679 SH SOLE 2679 0 0
LOUISIANA PAC CORP 546347105 6 1016 SH SOLE 1016 0 0
MCDONALD'S CORP 580135101 233 8600 SH SOLE 8600 0 0
MCDONALD'S CORP 580135101 16 600 SH DEFINED 0 0 600
MEDTRONIC INC COM 585055106 63 1460 SH SOLE 1460 0 0
MELLON FINL CORP 58551A108 32 1000 SH SOLE 200 0 800
MERCK & CO INC 589331107 2527 37952 SH SOLE 34927 250 2775
MERCK & CO INC 589331107 256 3850 SH DEFINED 1900 0 1950
MERRILL LYNCH CORP
BD FD INCHI INCOME
CL A 590907101 11 2536 SH SOLE 2536 0 0
METLIFE INC COM 59156R108 4 148 SH SOLE 148 0 0
MICROSOFT CORP 594918104 985 19255 SH SOLE 18705 100 450
MICROSOFT CORP 594918104 20 400 SH DEFINED 0 0 400
MISSISSIPPI CHEMICAL 598001998 0 2 SH SOLE 2 0 0
MINNESOTA MNG &
MFG CO 604059105 114 1166 SH SOLE 1166 0 0
MORRISSEY DEV. CO. 618994156 25 400 SH SOLE 400 0 0
MOTOROLA INC 620076109 377 24213 SH SOLE 22183 0 2030
MOTOROLA INC 620076109 218 13980 SH DEFINED 13680 0 300
THE MUN INSURED
NAT'L TR S5 626223242 0 5 SH SOLE 5 0 0
MURPHY OIL CORP COM 626717102 3742 51714 SH SOLE 51714 0 0
MURPHY OIL CORP COM 626717102 169116 2337153 SH DEFINED 0 2337153 0
640376109 1 187 SH SOLE 187 0 0
NICOR INC COM 654086107 31 800 SH SOLE 800 0 0
NOBLE AFFILIATES INC COM 654894104 30 1000 SH SOLE 1000 0 0
NORFOLK SO CORP 655844108 31 1934 SH SOLE 1934 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 93 1780 SH SOLE 0 0 1780
NORTHERN TRUST
COMPANY NTRS 665859104 209 4000 SH DEFINED 0 0 4000
OCCIDENTAL PETE
COR DEL 674599105 31 1303 SH SOLE 803 500 0
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 64 1000 SH SOLE 1000 0 0
PPG INDUSTRIES INC 693506107 36 800 SH SOLE 800 0 0
PACIFIC CENTURY
CYBERWORKS 694059106 5 2473 SH DEFINED 0 2473 0
PENNEY J C INC COM 708160106 12 582 SH SOLE 582 0 0
PRAIRIE FARMERS
ASSOC. RESERVES (BE) 711000992 1 1769 SH SOLE 1769 0 0
PEOPLES ENERGY CORP COM 711030106 7 200 SH SOLE 200 0 0
PEOPLES ENERGY CORP COM 711030106 19 500 SH DEFINED 500 0 0
PEOPLES HLDG CO COM 711148106 12 367 SH SOLE 367 0 0
GEORGE PATE
COLUMBIA 11/96 712995364 0 1 PRN SOLE 1 0 0
PEPSICO INC COM 713448108 1595 32898 SH SOLE 31565 1333 0
PEPSICO INC COM 713448108 151 3130 SH DEFINED 430 1100 1600
PORT GIBSON
CAPITAL CORP 715995361 336 8000 SH SOLE 8000 0 0
PFIZER INC 717081103 4193 104594 SH SOLE 100844 300 3450
PFIZER INC 717081103 132 3300 SH DEFINED 2400 0 900
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS DODGE CORP COM 717265102 13 500 SH DEFINED 500 0 0
PHILIP MORRIS COS
INC COM 718154107 143 2975 SH SOLE 2975 0 0
PHILLIPS PETE CO 718507106 117 2186 SH SOLE 2186 0 0
PHILLIP/
AMEXPLORATION-
CRONEA 719995367 0 1 PRN SOLE 1 0 0
PRAIRIE FARMERS
ASSOCIATION NUMBER
00888 722000999 0 1 SH SOLE 1 0 0
3/8 INT FARM
PROP-WARREN CTY 722995362 0 1 PRN 1 0 0
723995361 4 4100 SH SOLE 4100 0 0
PITNEY BOWES INC COM 724479100 1 36 SH SOLE 36 0 0
PETROGULF CORP
LEASE 8-2000 728995366 0 1 PRN SOLE 1 0 0
POTLATCH CORP COM 737628107 4 150 SH SOLE 150 0 0
PRAXAIR INC COM 74005P104 12 300 SH DEFINED 300 0 0
PRICE T ROWE TX FR
HI YLD FDCOM 741486104 8 768 SOLE 768 0 0
PROCTER & GAMBLE CO COM 742718109 583 8017 SH SOLE 7667 250 100
PROCTER & GAMBLE CO COM 742718109 385 5290 SH DEFINED 1400 640 3250
QLOGIC CORP COM 747277101 4 250 SH SOLE 250 0 0
RH DONNELLEY CORP 74955W307 1 60 SH SOLE 60 0 0
RALSTON PURINA CO COM 751277302 17 525 SH SOLE 525 0 0
RALSTON PURINA CO COM 751277302 10 309 SH DEFINED 0 0 309
RELIANT ENERGY INC 75952J108 134 5123 SH SOLE 3323 1200 600
RELIANT ENERGY INC 75952J108 117 4460 SH DEFINED 4122 338 0
REXCOM SYSTEMS CORP 761672203 0 1 SH SOLE 1 0 0
ROHM & HAAS CO COM 775371107 6 200 SH SOLE 200 0 0
ROUSE CO COM 779273101 2 100 SH SOLE 100 0 0
SAFECO CORP COM 786429100 30 1000 SH SOLE 1000 0 0
787991066 0 10 SH SOLE 10 0 0
SARA LEE CORP COM 803111103 17 800 SH SOLE 800 0 0
SCHERING PLOUGH CORP COM 806605101 720 19434 SH SOLE 19434 0 0
SCHERING PLOUGH CORP COM 806605101 823 22200 SH DEFINED 300 19500 2400
SCHLUMBERGER LTD COM 806857108 89 1950 SH SOLE 1750 0 200
SEARS ROEBUCK & CO COM 812387108 66 1920 SH SOLE 1720 0 200
SEARS ROEBUCK & CO COM 812387108 5 167 SH DEFINED 167 0 0
SHELL TRANS & NEW YRK
TRADING PLC SH NEW 822703609 79 1800 SH DEFINED 1800 0 0
SHERWIN WILLIAMS CO COM 824348106 24 1100 SH SOLE 1100 0 0
SIMMONS 1ST NATL
CORP CL A $5 PAR 828730200 322 9023 SH SOLE 9023 0 0
SIMMONS 1ST NATL
CORP CL A $5 PAR 828730200 8 250 SH DEFINED 250 0 0
SOLUTIA INC COM 834376105 51 4124 SH SOLE 2970 1154 0
SOLUTIA INC COM 834376105 1 100 SH DEFINED 0 100 0
SOUTHERN CO COM 842587107 507 21153 SH SOLE 21153 0 0
SOUTHERN CO COM 842587107 87 3664 SH DEFINED 3664 0 0
STILLWELL FINANCIAL
INC 860831106 11 600 SH SOLE 600 0 0
SYSCO CORP 871829107 102 4000 SH SOLE 4000 0 0
TECO ENERGY INC COM 872375100 8 300 SH SOLE 300 0 0
TECO ENERGY INC COM 872375100 21 800 SH DEFINED 800 0 0
TXU ELEC CAP III QUIPS 8% 87316Q207 24 1000 SH SOLE 1000 0 0
HILLSIDE MANOR
APARTMENTS 875995367 43 100 SH SOLE 100 0 0
TAX EXEMPT BD FD OF
AMERICA 87690210R 14 1193 DEFINED 1193 0 0
TEMPLE INLAND INC COM 879868107 18 400 SH SOLE 400 0 0
TEVA PHARMACEUTICAL
IND ADR'S 881624209 18 300 SH SOLE 300 0 0
TIFFANY & CO NEW 886547108 47 2200 SH SOLE 2200 0 0
TOTH ALUMINUM
CORPORATION 891514101 0 100 SH SOLE 0 0 100
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ ----
TRIBUNE COMPANY 896047107 37 1200 SH SOLE 1200 0 0
SUPPLYFORCE.
COM, LLC 89902Q997 60 10000 SH SOLE 10000 0 0
TRANS-GULF
PETROLEUM CORP LA CLOSELY
HELD 89902X992 0 10 SH SOLE 10 0 0
SMACKOVER
BANCSHARES INC 899027999 0 673 SH SOLE 673 0 0
FIRST STAUNTON
BANCSHARES CL-A V 90008J994 0 42 SH SOLE 42 0 0
FIRST STAUNTON
BANCSHARES CL-B NV 90008K991 0 374 SH SOLE 374 0 0
902027994 5073 47444 SH SOLE 20676 0 26768
TYSON FOODS INC CL A 902494103 7 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 150 15000 SH DEFINED 0 0 15000
USA TRUCK
INC-RESTRICTED 902925106 568 77385 SH SOLE 77385 0 0
USX-U S STL COM 90337T101 6 500 SH SOLE 500 0 0
UNITED ARKANSAS
CORPORATION 907000996 0 1200 SH DEFINED 0 0 1200
UNISYS CORP 909214108 4 540 SH SOLE 540 0 0
UNITED AUTO GROUP INC COM 909440109 168 10105 SH SOLE 10105 0 0
CONFEDERATE STATE
$10 BILL 915995369 0 1 PRN SOLE 1 0 0
BANK OF US NOTE $1000 916995368 0 1 PRN SOLE 1 0 0
UTILICORP UNITED INC 918005109 74 2656 SH SOLE 2656 0 0
VAN KAMPEN AMERICAN
CAPITAL PRIME RATE 920914108 50 5997 SH SOLE 5997 0 0
VIALINK CO COM 92552Q101 0 450 SH SOLE 0 0 450
VLASIC FOODS INTL INC COM 928559103 0 100 SH SOLE 0 0 100
WAL MART STORES INC COM 931142103 2651 53571 SH SOLE 50871 1500 1200
WAL MART STORES INC COM 931142103 234 4739 SH DEFINED 1439 3000 300
WALGREEN CO COM 931422109 207 6025 SH SOLE 6025 0 0
WALSH HEALTH CARE
SOLUTIONS INC 937001998 0 3 SH SOLE 3 0 0
WAUSAU-MOSINEE PAPER
CORP CO 943315101 6 550 SH SOLE 550 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 48 1000 SH SOLE 1000 0 0
WESTERN RES INC COM 959425109 3 200 SH SOLE 200 0 0
WEYERHAEUSER CO COM 962166104 185 3800 SH SOLE 3800 0 0
GRAND TOTALS 278154 6713401 3281079 3232332 199990