UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2002
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 May 7, 2002 for
the three months ended March 31, 2002, 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: 525
Form 13F Information Table Value Total: $381,880
(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
-------------------- --------- ----- ------- ------- --- ---- ------- -------- ------ ------ ------
DAIMLERCHRYSLER AG ORD D1668R123 2 49 SH SOLE 49 0 0
ACE LIMITED G0070K103 114 2755 SH SOLE 2635 0 120
GLOBAL SANTAFE CORP G3930E101 96 2955 SH SOLE 2820 0 135
TRANSOCEAN SEDCO
FOREX INC G90078109 12 373 SH SOLE 273 0 100
TRANSOCEAN SEDCO
FOREX INC G90078109 2 77 SH DEFINED 77 0 0
A F L A C INC 001055102 194 6600 SH SOLE 6600 0 0
AGL RESOURCES, INC 001204106 25 1090 SH SOLE 1090 0 0
AES CORPORATION 00130H105 15 1740 SH SOLE 1740 0 0
AOL TIME WARNER 00184A105 203 8610 SH SOLE 8105 0 505
AOL TIME WARNER 00184A105 21 900 SH DEFINED 900 0 0
AT&T CORP 001957109 621 39558 SH SOLE 38958 0 600
AT&T CORP 001957109 9 599 SH DEFINED 599 0 0
AT&T WIRELESS SVCS
INC 00209A106 107 11971 SH SOLE 11571 0 400
AT&T WIRELESS SVCS
INC 00209A106 1 192 SH DEFINED 192 0 0
ABBOTT LAB 002824100 1545 29379 SH SOLE 28869 0 510
ABBOTT LAB 002824100 299 5688 SH DEFINED 800 4288 600
ADAMS EXPRESS CO COM 006212104 136 9692 SH SOLE 9692 0 0
ADVANCED MICRO
DEVICES INC 007903107 34 2350 SH SOLE 2350 0 0
ADVANCED MICRO
DEVICES INC 007903107 2 200 SH DEFINED 200 0 0
ADVANCED ENVIRON
RECYCLING 007947104 16 7000 SH SOLE 7000 0 0
AETNA INC TCL A COM 00817Y108 7 200 SH DEFINED 0 0 200
AGILENT
TECHNOLOGIES, INC 00846U101 135 3881 SH SOLE 3881 0 0
AGILENT
TECHNOLOGIES, INC 00846U101 3 100 SH DEFINED 0 0 100
AGNICO EAGLE MINES 008474108 6 500 SH SOLE 500 0 0
AIR PRODS & CHEMS
INC COM 009158106 20 400 SH DEFINED 400 0 0
ALCOA INC 013817101 63 1681 SH SOLE 1611 0 70
ALCOA INC 013817101 15 400 SH DEFINED 400 0 0
ALLEGHENY ENERGY INC 017361106 8 200 SH SOLE 200 0 0
ALLIANCE CAP MGMT
HLDG L P 01855A101 139 3000 SH SOLE 2870 0 130
ALLIANCE CAP MGMT
HLDG L P 01855A101 92 2000 SH DEFINED 2000 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
-------------------- -------- ----- ------- ------- --- ---- ------- -------- ------- ------ ------
ALLIED CAP CORP NEW COM 01903Q108 8 300 SH SOLE 300 0 0
ALLSTATE CORP COMMON 020002101 226 5992 SH SOLE 5992 0 0
ALLSTATE CORP COMMON 020002101 22 604 SH DEFINED 310 0 294
ALLTEL CORP 020039103 297 5364 SH SOLE 5364 0 0
ALLTEL CORP 020039103 605 10900 SH DEFINED 10900 0 0
AMERICAN ELECTRIC POWER 025537101 219 4760 SH SOLE 3360 0 1400
AMERICAN ELECTRIC POWER 025537101 22 498 SH DEFINED 498 0 0
AMER EXPRESS CO 025816109 114 2800 SH SOLE 2800 0 0
AMERICAN
INTERNATIONAL
GROUP, INC 026874107 20 284 SH SOLE 284 0 0
AMERICAN
INTERNATIONAL
GROUP, INC 026874107 10 150 SH DEFINED 150 0 0
AMERICAN SPECTRUM
REALTY INC 02970Q104 4 591 SH SOLE 591 0 0
AMERUS LIFE HOLDINGS 03072M108 27 712 SH SOLE 712 0 0
AMGEN INC 031162100 S 100 SH SOLE 100 0 0
AMGEN INC 031162100 11 200 SH DEFINED 200 0 0
AMSOUTH
BANCORPORATION 032165102 4165 189591 SH SOLE 189591 0 0
ANADARKO PETE CORP 032511107 82 1464 SH DEFINED 0 1464 0
ANHEUSER-BUSCH
COMPANIES 035229103 1408 26979 SH SOLE 23374 0 3605
ANHEUSER-BUSCH
COMPANIES 035229103 187 3600 SH DEFINED 3600 0 0
APARTMENT INVT &
MGMT CO CL A 03748R101 53 1100 SH SOLE 1100 0 0
APPLE COMP INC 037833100 75 3200 SH DEFINED 3200 0 0
APPLIED MATERIALS INC 038222105 352 6500 SH SOLE 6500 0 0
ARCHER-DANIELS-MIDLA
ND COMPANY 039483102 3 279 SH SOLE 279 0 0
ARVINMERITOR 043353101 4 168 SH SOLE 168 0 0
AT HOME 045919107 3 3800 SH DEFINED 3800 0 0
AUTO DATA PROCESS 053015103 303 5200 SH SOLE 5200 0 0
AUTO DATA PROCESS 053015103 186 3200 SH DEFINED 3200 0 0
AUTOZONE 053332102 68 1000 SH SOLE 1000 0 0
AUTOZONE 053332102 36 530 SH DEFINED 530 0 0
AVAYA INC 053499109 1 235 SH SOLE 235 0 0
AVON PRODUCTS INC COM 054303102 38 700 SH SOLE 700 0 0
AXA-UAP ADR 054536107 5 236 SH SOLE 236 0 0
AXCELIS
TECHNOLOGIES INC 054540109 31 2181 SH SOLE 2181 0 0
BP AMOCO PLC SPONSORED ADR 055622104 716 13502 SH SOLE 12502 0 1000
BP AMOCO PLC SPONSORED ADR 055622104 251 4736 SH DEFINED 4736 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
-------------------- ------------------ ----- -------- ------- --- ---- ---------- -------- ------ ------ ----
BANCORP MS 05969210X 551 28000 SH SOLE 28000 0 0
BANCORPSOUTH INC 059692103 16448 834534 SH SOLE 833534 0 1000
BANCORPSOUTH INC 059692103 2839 144047 SH DEFINED 140781 2592 674
BANKAMERICA CORP NEW COM 060505104 1399 20570 SH SOLE 20570 0 0
BANKAMERICA CORP NEW COM 060505104 102 1510 SH DEFINED 1510 0 0
BANK OF THE OZARKS, INC 063904106 705 23800 SH DEFINED 23800 0 0
BANK OF NEW YORK 064057102 117 2805 SH SOLE 2680 0 125
BANK ONE CORP COM 06423A103 136 3268 SH SOLE 3268 0 0
BANK ONE CORP COM 06423A103 61 1482 SH DEFINED 0 1482 0
BAXTER INTL INC 071813109 277 4665 SH SOLE 4585 0 80
BEAR STEARNS COS INC 073902108 72 1157 SH SOLE 1157 0 0
BELLSOUTH CORP 079860102 1427 38738 SH SOLE 38738 0 0
BELLSOUTH CORP 079860102 26 732 SH DEFINED 732 0 0
BERKSHIRE HATHAWAY "A" 084670108 71 1 SH SOLE 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 7 3 SH DEFINED 3 0 0
BIOGEN N V 090597105 49 1000 SH SOLE 1000 0 0
BLACKROCK INVT
QUALITY MUNI TR INC 09247D105 39 3000 SH SOLE 3000 0 0
MF BLACKROCK INCOME
TRUST 09247F100 22 3000 SH SOLE 3000 0 0
BLACKSTONE
INVESTMENT QUALITY TERM TRUST 09247J102 38 4155 SH SOLE 4155 0 0
BLOCK H & R INC COM 093671105 101 2285 SH SOLE 2185 0 100
BOEING INC 097023105 201 4180 SH SOLE 3380 0 800
BOEING INC 097023105 19 400 SH DEFINED 400 0 0
BOWATER INC 102183100 117 2365 SH SOLE 2265 0 100
BRISTOL MYERS
SQUIBB CO 110122108 1162 28722 SH SOLE 26642 0 2080
BRISTOL MYERS
SQUIBB CO 110122108 190 4700 SH DEFINED 4700 0 0
BULL RUN CORP GEORGIA 120182100 3 3400 SH SOLE 3400 0 0
BURLINGTON
NORTHERN/ SANTA FE CORP 12189T104 28 930 SH SOLE 930 0 0
CBRL GROUP INC COM 12489V106 21 750 SH SOLE 750 0 0
CIGNA CORPORATION 125509109 45 450 SH SOLE 450 0 0
CLECO CORP COM 12561W105 9 400 SH SOLE 400 0 0
CADBURY SCHWEPPES PLC ADR 127209302 33 1200 SH SOLE 1200 0 0
CALLAWAY GOLF CO 131193104 3 200 SH SOLE 0 0 200
CAMPBELL SOUP CO COM 134429109 10 400 SH SOLE 400 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
-------------------- --------------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
CAPITAL ONE FINL CORP COM 14040H105 468 7345 SH SOLE 7225 0 120
CARDINAL HEALTH INC COM 14149Y108 31 447 SH SOLE 447 0 0
CATERPILLAR INC 149123101 238 4200 SH SOLE 3700 0 500
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 100 0 0
CENTURYTEL, INC 156700106 166 4902 SH SOLE 4902 0 0
CERTEGY INC 156880106 3 100 SH SOLE 100 0 0
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 6 600 SH SOLE 600 0 0
CHEVRONTEXACO CORP 166764100 1717 19024 SH SOLE 18969 0 55
CHEVRONTEXACO CORP 166764100 69 770 SH DEFINED 770 0 0
CHOICEPOINT INC 170388102 3 60 SH SOLE 60 0 0
CHUBB CORPORATION 171232101 402 5500 SH SOLE 5500 0 0
CISCO SYS INC 17275R102 711 42010 SH SOLE 41365 0 645
CISCO SYS INC 17275R102 44 2600 SH DEFINED 2000 0 600
CITIGROUP, INC 172967101 909 18372 SH SOLE 18267 0 105
CITIGROUP, INC 172967101 409 8263 SH DEFINED 8263 0 0
COCA COLA BOTTLING
CO CONS COM 191098102 23 470 SH SOLE 470 0 0
COCA COLA CO 191216100 1805 34555 SH SOLE 32755 0 1800
COCA COLA CO 191216100 329 6300 SH DEFINED 5300 0 1000
COCA COLA
ENTERPRISES INC COM 191219104 73 3900 SH SOLE 3900 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 0 0 200
COLONIAL HIGH INCOME MUNICIPAL TRUST 195743109 1 200 SOLE 200 0 0
COMCAST 200300200 25 800 SH DEFINED 800 0 0
COMPAQ COMPUTER CORP 204493100 212 20315 SH SOLE 19815 0 500
COMPUTER ASSOC INTL INC COM 204912109 17 800 SH SOLE 800 0 0
COMPUTER SCIENCES
CORPORATION COMMON 205363104 5 99 SH DEFINED 0 0 99
CONAGRA FOODS INC COM 205887102 200 SH DEFINED 200 0 0
CONECTIV INC COM 206829103 1 675 SH SOLE 675 0 0
CONEXANT SYS INC COM 207142100 176 SH SOLE 176 0 0
CONOCO INC 208251504 1 395 SH SOLE 395 0 0
CONSECO 208464107 560 SH DEFINED 560 0 0
CONSECO STRATEGIC INC FD SH BEN INT 20847A102 866 SH SOLE 866 0 0
CONSOLIDATED EDISON INC COM 209115104 58 1400 SH SOLE 1400 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
-------------------- ------------- ----- -------- ------- --- ---- ------- -------- ------ ------ ------
CONSTELLATION
ENERGY CORP 210371100 12 400 SH DEFINED 400 0 0
COOPER TIRE &
RUBBER CO 216831107 21 1000 SH SOLE 0 0 1000
COOPER TIRE & RUBBER CO 216831107 2 100 SH DEFINED 100 0 0
CORNING INC 219350105 13 1800 SH SOLE 1800 0 0
CORRECTIONS CORP OF
AMERICA 22025Y308 1 60 SH SOLE 60 0 0
CORRECTIONS CORP OF
AMERICA 22025Y407 11 880 SH SOLE 880 0 0
CYPRESS SEMICONDUCTOR 232806109 11 500 SH SOLE 500 0 0
DPL INC COM 233293109 50 1985 SH SOLE 1485 0 500
DANA CORP 235811106 18 866 SH SOLE 866 0 0
DANKA BUSINESS SYS PLC SPONSORED ADR 236277109 19 5000 SH SOLE 5000 0 0
DELL COMPUTER 247025109 442 16945 SH SOLE 16845 0 100
DELL COMPUTER 247025109 28 1100 SH DEFINED 1100 0 0
DELPHI AUTO SYSTEMS 247126105 5 343 SH SOLE 343 0 0
DELTA & PINE LD CO COM 247357106 13 709 SH SOLE 709 0 0
DELTA AIRLINES INC 247361108 6 200 SH SOLE 200 0 0
DELTIC TIMBER INC 247850100 459 15188 SH SOLE 15188 0 0
DELTIC TIMBER INC 247850100 19540 645971 SH DEFINED 242423 403548 0
DIAMOND OFFSHORE
DRILLING INC 25271C102 1 50 SH SOLE 50 0 0
WALT DISNEY CO 254687106 17 760 SH SOLE 760 0 0
WALT DISNEY CO 254687106 13 600 SH DEFINED 600 0 0
DOMINION RES INC VA NEW 25746U109 88 1364 SH SOLE 1364 0 0
DONNELLEY RR & SONS 257867101 24 800 SH SOLE 800 0 0
DOW CHEMICAL CO 260543103 557 17024 SH SOLE 17024 0 0
DOW CHEMICAL CO 260543103 15 483 SH DEFINED 483 0 0
DREYFUS STRATEGIC
MUNICIPALS INC 261932107 20 2086 SOLE 2086 0 0
DREYFUS MUNICIPAL
INCOME INC 26201R102 15 1832 SOLE 1832 0 0
DREYFUS STRATEGIC
MUN BD FD INC 26202F107 23 2841 SH SOLE 2841 0 0
DU PONT EI D
NEMOURS & CO 263534109 202 4297 SH SOLE 4297 0 0
DUKE ENERGY CORP COM 264399106 228 6054 SH SOLE 6054 0 0
DUKE ENERGY CORP COM 264399106 7 200 SH DEFINED 200 0 0
DUN & BRADSTREET NW 26483E100 12 300 SH SOLE 300 0 0
DYNEX CAP INC COM NEW 26817Q506 0 106 SH DEFINED 106 0 0
VOTING AUTHORITY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------------
NAME OF ISSUER CLASS CUSIP (XS1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------------- -------------- ----- -------- ------- --- ---- ------- -------- ------ -------- ------
EEX CORP COM NEW 26842V207 0 66 SH SOLE 66 0 0
EMC CORP 268648102 48 4100 SH SOLE 4100 0 0
EMC CORP 268648102 47 4000 SH DEFINED 4000 0 0
E TRADE GROUP INC 269246104 37 4000 SH SOLE 4000 0 0
EASTMAN KODAK CO 277461109 31 1000 SH SOLE 1000 0 0
EASTMAN KODAK CO 277461109 0 26 SH DEFINED 26 0 0
EATON CORP COM 278058102 133 1650 SH SOLE 1650 0 0
ECHOSTAR COMMUN 278762109 2 100 SH SOLE 100 0 0
EDWARDS LIFESCIENCES CORP 28176E108 6 240 SH SOLE 240 0 0
A.G. EDWARDS INC 281760108 116 2650 SH SOLE 2525 0 125
EL PASO CORPORATION 28336L109 112 2549 SH SOLE 2549 0 0
EL PASO CORPORATION 28336L109 8 200 SH DEFINED 0 0 200
ELECTRONIC DATA SYS CORP NEW 285661104 108 1875 SH SOLE 1875 0 0
EMERSON ELECTRIC CO 291011104 137 2400 SH SOLE 2400 0 0
EMERSON ELECTRIC CO 291011104 20 350 SH DEFINED 350 0 0
ENCORE WIRE CORP COM 292562105 345 20900 SH SOLE 13900 0 7000
ENERGY EAST CORP COM 29266M109 4 200 SH SOLE 200 0 0
ENGELHARD CORP 292845104 7 253 SH DEFINED 0 0 253
ENTERASYS NETWORKS INC 293637104 0 200 SH SOLE 200 0 0
ENTERGY CORP 29364G103 246 5684 SH SOLE 4684 0 1000
ENTERGY CORP 29364G103 25 593 SH DEFINED 593 0 0
EQUIFAX INC 294429105 5 200 SH SOLE 200 0 0
EQUITY INNS, INC 294703103 12 1500 SH DEFINED 1500 0 0
EQUITY RESIDENTIAL PPTYS SBI 29476L107 12 436 SH SOLE 436 0 0
EXELON CORP 30161N101 11 218 SH DEFINED 218 0 0
EXXON MOBIL CORP 30231G102 9184 209594 SH SOLE 207649 0 1945
EXXON MOBIL CORP 30231G102 1391 31756 SH DEFINED 21356 4800 5600
FPL GROUP INC 302571104 159 2675 SH SOLE 2575 0 100
FREDDIE MAC HMN LN VOTING
MTG CORP COM 313400301 15 250 SH SOLE 250 0 0
FNMA COM 313586109 111 1400 SH SOLE 1400 0 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 25 1000 SH SOLE 1000 0 0
FEDEX CORPORATION 31428X106 58 1000 SH SOLE 1000 0 0
FIRST DATA CORP COM 319963104 21 250 SH DEFINED 250 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
FIRST INDL RLTY
TR INC 32054K103 15 450 SH SOLE 450 0 0
FIRST M & F CORP 320744105 30 1293 SH SOLE 1293 0 0
FIRST
TENNESSEE
NATIONAL
CORP 337162101 4976 142028 SH SOLE 142028 0 0
FISERV INC 337738106 77 1675 SH SOLE 1600 0 75
FIRST
ENERGY
CORP COMMON 337932107 3 100 SH SOLE 100 0 0
FLEET
BOSTON CORP 339030108 61 1765 SH SOLE 1765 0 0
FLUOR CORP 343412102 12 300 SH SOLE 300 0 0
FLUOR CORP 343412102 3 96 SH DEFINED 96 0 0
FOAMEX
INT'L INC 344123104 195 20050 SH SOLE 20050 0 0
FORD MOTOR
COMPANY COMMON 345370860 38 2334 SH SOLE 2334 0 0
FORD MOTOR
COMPANY COMMON 345370860 14 874 SH DEFINED 874 0 0
GALLAGHER
ARTHUR J & CO 363576109 82 2525 SH SOLE 2415 0 110
GAP INC DEL COM 364760108 22 1500 SH SOLE 1500 0 0
GATEWAY INC 367626108 2 430 SH SOLE 430 0 0
GENERAL
ELECTRIC CO 369604103 4827 128918 SH SOLE 128248 0 670
GENERAL
ELECTRIC CO 369604103 275 7345 SH DEFINED 6145 0 200
GENERAL
MLS INC COM 370334104 35 720 SH SOLE 720 0 0
GENERAL
MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 40 673 SH SOLE 673 0 0
GENOME 000
THERAPEUTICS
CORP COM 372430108 5 1000 SH SOLE 0 0 1
GEORGIA
PAC CORP 373298108 60 2020 SH SOLE 2020 0 0
GERON CORP COM 374163103 2 300 SH SOLE 300 0 0
GILLETTE CO 375766102 148 4361 SH SOLE 4161 0 200
GILLETTE CO 375766102 125 3685 SH DEFINED 3685 0 0
GLAXO SPONSORED
WELLCOME PLC ADR 37733W105 31 669 SH SOLE 0 0 669
GLAXO SPONSORED
WELLCOME PLC ADR 37733W105 28 600 SH DEFINED 600 0 0
GLOBAL
SPORTS INC 37937A107 0 29 SH SOLE 29 0 0
B F GOODRICH 382388106 12 400 SH DEFINED 400 0 0
GOODYEAR
TIRE & RUBBER 382550101 15 618 SH SOLE 618 0 0
GREAT LAKES
CHEM CORP COM 390568103 50 1785 SH DEFINED 1785 0 0
GREAT PLAINS
ENERGY INC 391164100 46 1855 SH SOLE 1855 0 0
GUIDANT CORP COM 401698105 151 3500 SH SOLE 3500 0 0
HCA- THE
HEALTHCARE CO 404119109 6 150 SH SOLE 150 0 0
HCA- THE
HEALTHCARE CO 404119109 55 1250 SH DEFINED 1250 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
HCB
BANCSHARES INC COM 40413N106 22 1500 SH SOLE 1500 0 0
HALLIBURTON CO COM 406216101 14 850 SH SOLE 850 0 0
HALLIBURTON CO COM 406216101 10 600 SH DEFINED 600 0 0
HANCOCK FABRICS 409900107 28 1600 SH SOLE 1600 0 0
CAP
HANCOCK HLDG CO VALUE 410120109 155 2897 SH SOLE 2897 0 0
JOHN HANCOCK 41014S106 12 319 SH SOLE 19 0 0
HARRIS CORP 413875105 53 1494 SH SOLE 194 0 0
HARTFORD FNCL
SV GRP INC COM 416515104 13 200 SH DEFINED 00 0 0
HASBRO, INC 418056107 12 787 SH DEFINED 87 0 0
HATTERAS
INCOME SECS INC COM 419025101 2 200 SH SOLE 00 0 0
HEALTHSOUTH
CORP 421924101 181 12665 SH SOLE 1265 0 500
HEINZ H J CO COM 423074103 11 273 SH SOLE 273 0 0
HEWLETT
PACKARD CO 428236103 167 9322 SH SOLE 9322 0 0
HEWLETT
PACKARD CO 428236103 7 400 SH DEFINED 0 0 400
HIBERNIA CORP 428656102 6694 350685 SH SOLE 34978 0 900
HIBERNIA CORP 428656102 17 900 SH DEFINED 900 0 0
HIGH INCOME
OPPORTUNITY FD 42967Q105 18 2500 SH SOLE 2500 0 0
HIGHLANDS 2000
INS GROUP 431032101 0 12000 SH SOLE 1 0 0
HOME DEPOT 437076102 74 1532 SH DEFINED 1532 0 0
HONEYWELL
INTL INC 438516106 215 5620 SH SOLE 5620 0 0
HUBBELL INC CL B 443510201 32 1000 SH SOLE 1000 0 0
ICN NEW
PHARMACEUTICALS INC COM 448924100 16 525 SH SOLE 0 0 525
ILLINOIS TOOL
WORKS INC 452308109 5 76 SH SOLE 76 0 0
ILLINOIS TOOL DEFINED
WORKS INC 452308109 18 250 SH 250 0 0
IMATION CORP 45245A107 1 46 SH SOLE 46 0 0
INTEL CORP CAP 458140100 1192 39234 SH SOLE 39234 0 0
INTEL CORP CAP 458140100 145 4780 SH DEFINED 3980 0 800
IBM CORP 459200101 3459 33264 SH SOLE 30904 0 2360
IBM CORP 459200101 132 1275 SH DEFINED 475 800 0
INTL PAPER CO 460146103 126 2948 SH SOLE 2948 0 0
INTL PAPER CO 460146103 62 1450 SH DEFINED 150 1100 200
INTUIT 461202103 109 2855 SH SOLE 2710 0 145
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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
JDS UNIPHASE CORP COM 46612J101 0 120 SH SOLE 120 0 0
J P MORGAN
CHASE & CO 46625H100 103 2894 SH SOLE 2894 0 0
J P MORGAN
CHASE & CO 46625H100 66 1875 SH DEFINED 1875 0 0
JEFFERSON PILOT
CORPORATION 475070108 22 450 SH DEFINED 450 0 0
JOHNSON & JOHNSON 478160104 3431 52826 SH SOLE 51626 0 1200
JOHNSON & JOHNSON 478160104 610 9400 SH DEFINED 5000 1200 3200
JOHNSON
CONTROLS INC 478366107 79 905 SH SOLE 865 0 40
K MART CORP COM 482584109 1 1000 SH SOLE 1000 0 0
KELLOGG CO 487836108 6 200 SH SOLE 200 0 0
KERR-MCGEE
CORPORATION INC 492386107 1 25 SH SOLE 25 0 0
KIMBERLY-CLARK
CORP 494368103 19 300 SH SOLE 300 0 0
KIMBERLY-CLARK
CORP 494368103 25 400 SH DEFINED 400 0 0
KINDER MORGAN
ENERGY PARTNERS,
L.P. 494550106 7 232 SH SOLE 232 0 0
KROGER CO 501044101 20 908 SH SOLE 908 0 0
LACLEDE GROUP INC 505597104 6 300 SH SOLE 300 0 0
LACLEDE GROUP INC 505597104 20 900 SH DEFINED 900 0 0
ESTEE LAUDER CO 518439104 20 600 SH DEFINED 600 0 0
LEAR CORP COM 521865105 4 100 SH SOLE 100 0 0
LEHMAN BROTHERS
HOLDINGS COM 524908100 162 2520 SH SOLE 2420 0 100
LEVEL 3
COMMUNICATIONS
INC 52729N100 21 6037 SH SOLE 6037 0 0
NEW
LEXMARK INTL CL A 529771107 102 1790 SH SOLE 1715 0 75
THE LIBERTY
CORPORATION 530370105 135 3400 SH SOLE 3400 0 0
LIFEPOINT HOSPS
INC 53219L109 2 65 SH DEFINED 65 0 0
ELI LILLY & CO 532457108 727 9550 SH SOLE 9550 0 0
ELI LILLY & CO 532457108 114 1500 SH DEFINED 1500 0 0
LINCOLN NATIONAL
CORP IND 5341B7109 30 600 SH SOLE 600 0 0
LOUISIANA PAC CORP COM 546347105 10 1016 SH SOLE 1016 0 0
LOWES CO INC 548661107 336 7745 SH SOLE 7575 0 170
LUCENT
TECHNOLOGIES 549463107 157 33291 SH SOLE 31091 0 2200
LUCENT
TECHNOLOGIES 549463107 11 2450 SH DEFINED 2250 0 200
M & T BANK CORP 55261F104 160 2000 SH SOLE 2000 0 0
NFS INTER INCOME
TR SH BEN INT 55273C107 39 5900 SH SOLE 5900 0 0
MGNA ENTMT CORP 559211107 0 20 SH SOLE 20 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
MANULIFE FINANCIAL
CORP 56501R106 659 24019 SH SOLE 24019 0 0
MARSH & MCLENNAN 571748102 67 600 SH SOLE 600 0 0
MASCO CORPORATION 574599106 0 14 SH SOLE 14 0 0
MASSEY ENERGY
CORP 576206106 6 396 SH SOLE 396 0 0
MCCORMICK & CO 579780206 122 2400 SH SOLE 2295 0 105
MCDATA CORP 580031201 0 73 SH DEFINED 73 0 0
MCDONALD'S CORP 580135101 99 3600 SH SOLE 3600 0 0
MCDONALD'S CORP 580135101 16 600 SH DEFINED 600 0 0
MCGRAW HILL COS INC 580645109 17 250 SH DEFINED 250 0 0
MEDTRONIC INC COM 585055106 65 1460 SH SOLE 1460 0 0
MELLON FINL CORP 58551A108 38 1000 SH SOLE 1000 0 0
MERCK & CO INC 589331107 2071 35970 SH SOLE 34595 0 1375
MERCK & CO INC 589331107 230 4000 SH DEFINED 3500 0 500
MERRILL LYNCH
& CO INC 590188108 17 320 SH SOLE 320 0 0
METLIFE INC COM 59156R108 64 2049 SH SOLE 2049 0 0
MICROSOFT CORP 594918104 1014 16820 SH SOLE 16255 0 565
MICROSOFT CORP 594918104 24 400 SH DEFINED 0 0 400
MICRON TECHNOLOGY 595112103 65 2000 SH SOLE 2000 0 0
MID-AMERICA
APARTMENT CMNTYS 59522J103 26 1000 SH DEFINED 1000 0 0
MIDAS GROUP INC 595626102 9 666 SH SOLE 666 0 0
MILLER HERMAN INC COM 600544100 92 3880 SH SOLE 3880 0 0
MINNESOTA MNG
& MFC CO 604059105 134 1166 SH SOLE 1166 0 0
MIRANT CORP 604675108 55 3849 SH SOLE 3849 0 0
MIRANT CORP 604675108 21 1455 SH DEFINED 1455 0 0
MISSISSIPPI
CHEMICAL CORP 605288208 4 1492 SH SOLE 1492 0 0
MOODYS CORP 615369105 12 300 SH SOLE 300 0 0
MORGAN STANLEY
DEAN WITTER
DISCOVER & CO 617446449 231 4040 SH SOLE 4040 0 0
MORGAN STANLEY
DEAN WITTER
DISCOVER & CO 617446448 14 260 SH DEFINED 260 0 0
MORGAN STANLEY
DEAN WITTER
HI INCOME ADV TR II 61745P304 1 1700 SH SOLE 1700 0 0
MOTOROLA INC 620076109 250 17643 SH SOLE 17468 0 175
MOTOROLA INC 620076109 110 7766 SH DEFINED 7466 0 300
MUNICIPAL MORTGAGE
& EQUITY LLC --
GROWTH SH 62624B101 96 4000 SH SOLE 4000 0 0
MUNIVEST FD INC COM 626295109 42 5000 SOLE 5000 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
MUNIYIELD INSURED 62630E107 43 3200 SOLE 3200 0 0
MURPHY OIL CORP COM 626717102 5055 52661 SH SOLE 52661 0 0
MURPHY OIL CORP COM 626717102 223070 2323653 SH DEFINED 1032683 1290970 0
MYLAN
LABORATORIES
INC 628530107 124 4218 SH SOLE 4053 0 165
NBC CAP CORP 628729105 100 3372 SH SOLE 3372 0 0
NCR CORP NEW 62886E108 2 64 SH SOLE 64 0 0
NASDAQ 100 TRUST 631100104 7 200 SH SOLE 200 0 0
NELSON, THOMAS INC 640376109 2 187 SH SOLE 187 0 0
NICOR INC COM 654086107 36 800 SH SOLE 800 0 0
NIKE INC CLASS B 654106103 251 4195 SH SOLE 4070 0 125
NOBLE AFFILIATES
INC COM 654894104 39 1000 SH SOLE 1000 0 0
NOKIA CORP SPND ADR 654902204 33 1600 SH SOLE 1600 0 0
NOBLE DRILLING
CORP COM 655042109 12 300 SH SOLE 300 0 0
NORFOLK SO CORP 655844108 46 1934 SH SOLE 1934 0 0
NORTEL NETWORK
CORP NEW 656568102 22 5000 SH SOLE 5000 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 106 1780 SH SOLE 1780 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 240 4000 SH DEFINED 3600 0 400
NORTHWESTERN
CORPORATION 668074107 7 330 SH SOLE 330 0 0
NUVEEN INSD
PREMIUM INCOME
MUNI FD 6706D8104 4 338 SOLE 338 0
NUVEEN MUNICIPAL
MARKET OPP 67062W103 48 3529 SOLE 3529 0 0
OKLAHOMA GAS &
ELEC ENERGY CORP 670837103 112 4700 SH SOLE 4700 0 0
OKLAHOMA GAS &
ELEC ENERGY CORP 670837103 16 700 SH DEFINED 700 0 0
NUVEEN MUN
VALUE FD INC 670928100 21 2300 SOLE 2300 0
NUVEEN INSD M
OPP FD INC 670984103 46 3200 SOLE 3200 0
NUVEEN PREMIER
MUNICIPAL INC 670988104 22 1565 SH SOLE 1565 0 0
OCCIDENTAL PETE
COR DEL 674599105 14 500 SH SOLE 500 0 0
OLIN CORP 680665205 3 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 66 700 SH SOLE 700 0 0
ORACLE SYSTEMS CORP 68389X105 222 17380 SH SOLE 17130 0 250
ORACLE SYSTEMS CORP 68389X105 25 2000 SH DEFINED 800 0 1200
PPG INDUSTRIES INC 693506107 32 600 SH SOLE 600 0 0
PACIFIC CENTURY
CYBERWORKS 694059106 6 2473 SH DEFINED 2473 0 0
PACTIV COPR 695257105 34 1747 SH SOLE 1747 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
PALM INC 696642107 5 1297 SH DEFINED 778 0 519
PENNEY J C INC COM 708160106 12 582 SH SOLE 582 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 HLDQ CO COM 711148106 14 367 SH SOLE 367 0 0
PEPSIAMERICAS INC 71343P200 57 4000 SH SOLE 4000 0 0
PEPSICO INC COM 713448108 1726 33528 SH SOLE 33413 0 115
PEPSICO INC COM 713448108 161 3130 SH DEFINED 1430 1100 600
PFIZER INC 717081103 3824 96265 SH SOLE 96080 0 185
PFIZER INC 717081103 131 3300 SH DEFINED 2400 0 900
PHARMACIA CORP 71713U102 840 18646 SH SOLE 18046 0 600
PHARMACIA CORP 71713U102 98 2180 SH DEFINED 1680 0 500
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS DODGE CORP COM 717265102 21 500 SH DEFINED 500 0 0
PHILIP MORRIS
COS INC COM 718154107 109 2075 SH SOLE 2075 0 0
PHILLIPS PETE CO 718507106 137 2186 SH SOLE 2186 0 0
PLACER DOME INC 725906101 2 170 SH SOLE 170 0 0
PLUM CREEK
TIMBER CO INC 729251108 44 1493 SH SOLE 1493 0 0
POTLATCH CORP COM 737628107 5 150 SH SOLE 150 0 0
POTOMAC ELECTRIC
POWER CO 737679100 18 803 SH SOLE 803 0 0
PRAXAIR INC COM 74005P104 17 300 SH DEFINED 300 0 0
PRINCIPAL
FINANCIAL
GROUP 74251V102 39 1543 SH SOLE 1543 0 0
PROCTER &
GAMBLE CO COM 742718109 704 7817 SH SOLE 7817 0 0
PROCTER &
GAMBLE CO COM 742718109 458 5090 SH DEFINED 3690 0 1400
PROGRESS
ENERGY INC COM 743263105 6 132 SH SOLE 132 0 0
PRUDENTIAL
FINANCIAL 744320102 145 4672 SH SOLE 4672 0 0
PUBLIC STORAGE,
INC REIT 74460D109 6 180 SH SOLE 180 0 0
PUTNAM MANAGED
MUNICIPAL INCOME
TRUST 746823103 3 500 DEFINED 0 0 500
QLOGIC CORP COM 747277101 12 250 SH SOLE 250 0 0
QUALCOMM INC 747525103 7 200 SH SOLE 200 0 0
QWEST
COMMUNICATIONS
INTL INC COM 749121109 17 2097 SH SOLE 2097 0 0
RH DONNELLEY CORP 74955W307 1 60 SH SOLE 60 0 0
RALCORP HOLDINGS
NEW COM 751028101 1 66 SH DEFINED 0 0 66
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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
RAYTHEON CO NEW 755111507 24 600 SH SOLE 600 0 0
REGIONS FNCL CORP 758940100 530 15457 SH SOLE 14257 0 1200
REGIONS FNCL CORP 758940100 61 1786 SH DEFINED 0 1786 0
RELIANT ENERGY INC 75952J108 132 5123 SH SOLE 4523 0 600
RELIANT ENERGY INC 75952J108 159 6201 SH DEFINED 5863 300 38
REYNOLDS R J
TOB HLDGS INC 76182K105 98 1525 SH SOLE 1460 0 65
RIVERSTONE
NETWORKS INC 769320102 0 102 SH SOLE 102 0 0
ROCKWELL INTL
CORP NEW 773903109 3 177 SH SOLE 177 0 0
ROCKWELL COLLINS INC 774341101 4 177 SH SOLE 177 0 0
ROHM & HAAS CO COM 775371107 8 200 SH SOLE 200 0 0
ROUSE CO COM 779273101 3 100 SH SOLE 100 0 0
NY REG
ROYAL DUTCH PETE CO GLD1.25 780257804 211 3893 SH SOLE 3818 0 75
NY REG
ROYAL DUTCH PETE CO GLD1.25 780257804 173 3200 SH DEFINED 3200 0 0
RUBY TUESDAY INC 781182100 29 1260 SH DEFINED 0 0 1260
SBC COMMUNICATIONS,
INC 78387G103 1790 47846 SH SOLE 47846 0 0
SBC COMMUNICATIONS,
INC 78387G103 51 1380 SH DEFINED 1380 0 0
SAFECO CORP COM 786429100 32 1000 SH SOLE 1000 0 0
ST JUDE MEDICAL 790849103 121 1580 SH SOLE 1510 0 70
ST PAUL COS INC 792860108 41 914 SH SOLE 914 0 0
SALOMON BROS
2008 WORLDWIDE 79548R103 10 1000 SH SOLE 1000 0 0
SARA LEE CORP COM 803111103 16 800 SH SOLE 800 0 0
SCANA CORP NEW 80589M102 136 4467 SH SOLE 4282 0 185
SCHERING PLOUGH CORP COM 806605101 597 19089 SH SOLE 19089 0 0
SCHERING PLOUGH CORP COM 806605101 688 22000 SH DEFINED 2500 19500 0
SCHLUMBERGER LTD COM 806857108 114 1950 SH SOLE 1750 0 200
THE CHARLES
SCHWAB CORP 808513105 19 1500 SH SOLE 1500 0 0
SCRIPPS EW INC
NEW CL A 811054204 57 700 SH SOLE 700 0 0
SEARS ROEBUCK & CO COM 812387108 98 1920 SH SOLE 1920 0 0
SEARS ROEBUCK & CO COM 812387108 8 167 SH DEFINED 167 0 0
SELIGMAN SELECT
MUN FD INC 816344105 12 1250 SH SOLE 1250 0 0
SEMPRA ENERGY COM 816851109 37 1503 SH SOLE 1503 0 0
SERVICEMASTER
COMPANY COM 81760N109 104 7593 SH SOLE 7593 0 0
SHELBOURNE
PROPERTIES I, INC 821373107 6 156 SH SOLE 156 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
SHELL TRANS & NEW YRK
TRADING PLC SH NEW 822703609 79 1800 SH DEFINED 1800 0 0
SHERWIN WILLIAMS
CO COM 824348106 31 1100 SH SOLE 1100 0 0
SIMMONS 1ST CL A
NATL CORP $5 PAR 828730200 214 6600 SH SOLE 6600 0 0
SIMMONS 1ST CL A
NATL CORP $5 PAR 828730200 8 250 SH DEFINED 250 0 0
SIRIUS SATTELITE
RADIO 82966U103 53 10000 SH SOLE 10000 0 0
SMURFIT-STONE
CONTAINER CORP 832727101 8 495 SH SOLE 495 0 0
SOLUTIA INC COM 834376105 28 3312 SH SOLE 3312 0 0
SONY CORP 835699307 51 1000 SH DEFINED 1000 0 0
SOUTHERN CO COM 842587107 514 19439 SH SOLE 19439 0 0
SOUTHERN CO COM 842587107 97 3675 SH DEFINED 3675 0 0
COM FON
SPRINT CORP GROUP 852061100 840 55000 SH SOLE 55000 0 0
STILLWELL
FINANCIAL INC 860831106 14 600 SH SOLE 600 0 0
SUN LIFE FINANCIAL 866796105 340 15729 EH SOLE 15729 0 0
SUN MICROSYSTEMS 866810104 14 1700 SH SOLE 1700 0 0
SUNGARD DATA
SYSTEMS 867363103 134 4090 SH SOLE 3885 0 205
SUNOCO INC 86764P109 65 1628 SH SOLE 1628 0 0
SUNTRUST BANKS INC COM 867914103 119 1788 SH SOLE 1788 0 0
SYNOVUS FINL CORP 87161C105 34 1125 SH SOLE 1125 0 0
TECO ENERGY INC COM 872375100 8 300 SH SOLE 300 0 0
TECO ENERGY INC COM 872375100 22 800 SH DEFINED 800 0 0
TJX COMPANIES 872540109 100 2500 SH SOLE 2500 0 0
TXU CORP 873168108 190 3500 SH SOLE 3500 0 0
TXU CORP 873168108 13 250 SH DEFINED 250 0 0
TARGET CORP 87612E106 266 6185 SH SOLE 6005 0 180
TARGET CORP 87612E106 12 300 SH DEFINED 300 0 0
TELEPHONE &
DATA SYSTEMS INC 879433100 98 1115 SH SOLE 1065 0 50
TELLABS INC
DELAWARE 879664100 9 900 SH SOLE 900 0 0
TELLABS INC
DELAWARE 879664100 2 200 SH DEFINED 200 0 0
TEMPLE INLAND INC COM 879868107 22 400 SH SOLE 400 0 0
TENNECO AUTOMOTIVE NW 880349105 0 150 SH SOLE 150 0 0
TEXAS BIOTECH 88221T104 0 100 SH SOLE 100 0 0
TEXAS INSTRUMENTS 882508104 39 1200 SH SOLE 1200 0 0
TEXTRON INCORPORATED
COMM 883203101 17 336 SH SOLE 336 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
THOMAS & BETTS
CORP COM 884315102 4 200 SH SOLE 200 0 0
THOMAS INDS INC COM 884425109 3 127 SH SOLE 127 0 0
3 COM CORP 885535104 5 875 SH DEFINED 525 0 350
TIFFANY & CO NEW 886547108 78 2200 SH SOLE 2200 0 0
TRIAD HOSPS INC 89579K109 2 65 SH DEFINED 65 0 0
TRIANGLE
PHARMACEUTICALS
INC 89589H104 5 1000 SH SOLE 1000 0 0
TRICON GLOBAL
RESTAURANTS COM 895953107 74 1273 SH SOLE 1273 0 0
TRIBUNE COMPANY 896047107 54 1200 SH SOLE 1200 0 0
TRUSTMARK CORP COM 898402102 750 29723 SH SOLE 29723 0 0
TYCO INTL LTD NEW COM 902124106 6 200 SH DEFINED 200 0 0
TYSON FOODS INC CL A 902494103 9 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 187 15000 SH DEFINED 15000 0 0
UGI CORP NEW 902681105 10 333 SH SOLE 333 0 0
USA TRUCK INC -
RESTRICTED 902925106 1115 86498 SH SOLE 86498 0 0
UNION PACIFIC CORP 907818108 66 1065 SH SOLE 1015 0 50
UNION PACIFIC CORP 907818108 245 3950 SH DEFINED 150 3800 0
UNION PLANTERS
CORP 908068109 1263 26677 SH SOLE 26677 0 0
UNION PLANTERS CONV PFD
CORP SER E 8% 908068307 58 1000 SH SOLE 1000 0 0
UNISYS CORP 909214108 6 540 SH SOLE 540 0 0
UNITED AUTO
GROUP INC COM 909440109 227 10105 SH SOLE 10105 0 0
VAN KAMPEN 0
INCOME TR 920957107 2 450 SOLE 450 0
VERIZON
COMMUNICATIONS 92343V104 1882 40846 SH SOLE 36971 0 3875
VERIZON
COMMUNICATIONS 92343V104 139 3028 SH DEFINED 2628 0 400
VIALINK CO COM 92552Q101 0 450 SH SOLE 450 0 0
VIACOM INC CL B 925524308 15 325 SH DEFINED 325 0 0
VISTEON CORP 92839U107 0 10 SH SOLE 10 0 0
VODAFONE GROUP
PLC NEW 92857W100 79 4337 SH SOLE 4337 0 0
W. P. CAREY
& CO., LLC 92930Y107 57 2474 SH SOLE 2474 0 0
WACHOVIA CORP
2ND NEW 929903102 417 11269 SH SOLE 11269 0 0
WACHOVIA CORP
2ND NEW 929903102 18 500 SH DEFINED 500 0 0
WAL MART
STORES INC COM 931142103 3502 57140 SH SOLE 54090 0 3050
WAL MART
STORES INC COM 931142103 305 4986 SH DEFINED 1886 3000 100
WALGREEN CO COM 931422109 223 5700 SH SOLE 5700 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
-------------- -------- --------- -------- ------- --- ---- ------- -------- ------ ------ ------
WASHINGTON
MUTUAL INC 939322103 19 600 SH SOLE 600 0 0
WASTE MANAGEMENT
INC NEW 94106L109 63 2347 SH SOLE 2112 0 235
WASTE MANAGEMENT
INC NEW 94106L109 0 1 SH DEFINED 0 0 1
WAUSAU-MOSINEE
PAPER CORP CO 943315101 7 550 SH SOLE 550 0 0
WEBMD CORP 94769M105 7 1000 SH DEFINED 1000 0 0
WEINGARTEN SH BEN
RLTY INVS INT 948741103 51 1000 SH SOLE 1000 0 0
WELLS FARGO
& CO NEW 949746101 146 2965 SH SOLE 2965 0 0
WELLS FARGO
& CO NEW 949746101 12 250 SH DEFINED 250 0 0
WESTERN RES INC COM 959425109 3 200 SH SOLE 200 0 0
WEYERHAEUSER CO COM 962166104 238 3800 SH SOLE 3800 0 0
WHITNEY COMMON
HOLDING CORP 966612103 105 2120 SH SOLE 2120 0 0
WILLIAMS
COMMUN GRP 969455104 0 2430 SH SOLE 2430 0 0
WILLIAMS COMPANY COMMON 969457100 112 4757 SH SOLE 4757 0 0
WORLDCOM, INC 98157D106 2432 360884 SH SOLE 360884 0 0
WORLDCOM, INC 98157D106 9 1425 SH DEFINED 1125 0 300
WORLDCOM INC
GA KW MCI GROUP 98157D304 80 13692 SH SOLE 13692 0 0
WORLDCOM INC DEFINED
GA NW MCI GROUP 96157D304 0 30 SH 30 0 0
WE WRIGLEY JR.
COMPANY 982526105 117 2200 SH SOLE 2200 0 0
XM SATELLITE 983759101 344 25000 SH SOLE 25000 0 0
XCEL ENERGY INC 98389B100 67 2654 SH SOLE 2654 0 0
ZIMMER HLDGS INC 98956P102 6 200 SH DEFINED 200 0 0
GRAND TOTALS 381880 7685466 5864073 1741730 79663