UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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 January 30, 2003
for the three months ended December 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: 518
Form 13F Information Table Value Total: $386,960
(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
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ----- ------ ------
DAIMLERCHRYSLER AG ORD D1668R123 1 49 SH SOLE 49 0 0
GLOBAL SANTAFE CORP G3930E101 267 10995 SH SOLE 7465 0 3530
INGSOLL-RAND CO CL A
BERMUDA G4776G101 135 3150 SH SOLE 3150 0 0
NOBLE CORP G65422100 10 300 SH SOLE 300 0 0
TRANSOCEAN SEDCO
FOREX G90078109 6 296 SH SOLE 196 0 100
TRANSOCEAN SEDCO
FOREX INC G90078109 1 77 SH DEFINED 77 0 0
ROYAL CARIBBEAN
CRUISES V7780T103 3 200 SH SOLE 200 0 0
A F L A C INC 001055102 144 4800 SH SOLE 4800 0 0
AGL RESOURCES, INC 001204106 26 1090 SH SOLE 1090 0 0
AES CORPORATION 00130H105 3 1000 SH SOLE 1000 0 0
AOL TIME WARNER 00184A105 64 4895 SH SOLE 4520 0 375
AT&T WIRELESS SVCS
INC 00209A106 43 7755 SH SOLE 7227 128 400
AT&T WIRELESS SVCS
INC 00209A106 1 192 SH DEFINED 192 0 0
ABBOTT LAB 002824100 1320 33019 SH SOLE 30009 0 3010
ABBOTT LAB 002824100 200 5000 SH DEFINED 200 4200 600
ADAMS EXPRESS CO COM 006212104 102 9692 SH SOLE 9692 0 0
ADAPTEC INC 00651F108 2 400 SH SOLE 400 0 0
ADVANCED MICRO
DEVICES INC 007903107 6 1000 SH SOLE 1000 0 0
ADVANCED MICRO
DEVICES INC 007903107 1 200 SH DEFINED 200 0 0
ADVANCED ENVIRON
RECYCLING TCL A 007947104 8 7000 SH SOLE 7000 0 0
AETNA INC COM 00817Y108 8 200 SH DEFINED 0 0 200
AGILENT
TECHNOLOGIES, INC 00846U101 47 2633 SH SOLE 2365 268 0
AGILENT
TECHNOLOGIES, INC 00846U101 1 100 SH DEFINED 0 0 100
AGNICO EAGLE MINES 008474108 7 500 SH SOLE 500 0 0
ALCOA INC 013817101 146 6456 SH SOLE 4706 0 1750
ALCOA INC 013817101 9 400 SH DEFINED 400 0 0
ALLEGHENY ENERGY
INC 017361106 1 200 SH SOLE 200 0 0
ALLIANCE CAP MGMT
HLDG L P 01855A101 62 2000 SH DEFINED 2000 0 0
NEW
ALLIED CAP CORP COM 01903Q108 6 315 SH SOLE 315 0 0
ALLSTATE CORP
COMMON 020002101 221 5992 SH SOLE 5992 0 0
ALLSTATE CORP
COMMON 020002101 22 604 SH DEFINED 310 0 294
ALLTEL CORP 020039103 235 4614 SH SOLE 4614 0 0
ALLTEL CORP 020039103 555 10900 SH DEFINED 10900 0 0
1
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
AMERICAN ELECTRIC
POWER 025537101 113 4160 SH SOLE 2760 0 1400
AMERICAN ELECTRIC
POWER 025537101 8 318 SH DEFINED 318 0 0
AMER EXPRESS CO 025816109 98 2800 SH SOLE 2800 0 0
AMERICAN GROUP,
INTERNATIONAL INC 026874107 16 284 SH SOLE 284 0 0
AMERICAN GROUP,
INTERNATIONAL INC 026874107 10 175 SH DEFINED 175 0 0
AMERUS LIFE HOLDINGS 03072M108 20 712 SH SOLE 712 0 0
AMERISOURCEBERGEN
CORP 03073E105 259 4780 SH SOLE 3290 0 1490
AMGEN INC 031162100 4 100 SH SOLE 100 0 0
AMGEN INC 031162100 9 200 SH DEFINED 200 0 0
AMSOUTH
BANCORPORATION 032165102 2441 127222 SH SOLE 127222 0 0
ANADARKO PETE CORP 032511107 70 1464 SH DEFINED 0 1464 0
ANALOG DEVICES INC COM 032654105 2 100 SH SOLE 100 0 0
ANHEUSER-BUSCH
COMPANIES 035229103 1423 29404 SH SOLE 25234 0 4170
ANHEUSER-BUSCH
COMPANIES 035229103 174 3600 SH DEFINED 3600 0 0
ANTHEM INC 03674B104 230 3660 SH SOLE 2470 0 1190
APARTMENT INVT &
MGMT CO CL A 03748R101 41 1100 SH SOLE 1100 0 0
APPLE COMP INC 037833100 45 3200 SH DEFINED 3200 0 0
APPLIED MATERIALS
INC 038222105 140 10800 SH SOLE 10800 0 0
AQUILA INC 03840P102 4 2500 SH SOLE 2500 0 0
ARCHER-DANIELS-
MIDLAND COMPANY 039483102 3 279 SH SOLE 279 0 0
ARVINMERITOR 043353101 2 168 SH SOLE 168 0 0
AUTO DATA PROCESS 053015103 204 5200 SH SOLE 5200 0 0
AUTO DATA PROCESS 053015103 125 3200 SH DEFINED 3200 0 0
AUTOZONE 053332102 52 750 SH SOLE 750 0 0
AUTOZONE 053332102 37 530 SH DEFINED 530 0 0
AVAYA INC 053499109 0 318 SH SOLE 235 83 0
AVOCENT CORP USD COM 053893103 42 1900 SH SOLE 0 1900 0
AVON PRODUCTS INC COM 054303102 37 700 SH SOLE 700 0 0
AXA-UAP ADR 054536107 3 236 SH SOLE 236 0 0
AXCELIS
TECHNOLOGIES INC 054540109 7 1414 SH SOLE 1414 0 0
BP AMOCO PLC
SPONSORED ADR 055622104 468 11534 SH SOLE 10534 0 1000
BP AMOCO PLC
SPONSORED ADR 055622104 192 4736 SH DEFINED 4736 0 0
BAKER HUGHES INC COM 057224107 16 506 SH SOLE 506 0 0
BALDOR ELEC CO COM 057741100 58507 2962387 SH DEFINED 2962387 0 0
BANCORP MS 05969210X 271 14000 SH SOLE 14000 0 0
BANCORPSOUTH INC 059692103 15928 820627 SH SOLE 813739 5888 1000
2
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
BANCORPSOUTH INC 059692103 2725 140423 SH DEFINED 137157 2592 674
BANK OF AMERICA CORP NEW COM 060505104 595 8555 SH SOLE 7035 0 1520
BANK OF AMERICA CORP NEW COM 060505104 49 710 SH DEFINED 710 0 0
BANK OF THE OZARKS,
INC 063904106 1080 46100 SH DEFINED 46100 0 0
BANK OF NEW YORK 064057102 235 9815 SH SOLE 6830 0 2985
BANK ONE CORP COM 06423A103 119 3268 SH SOLE 3268 0 0
BANK ONE CORP COM 06423A103 54 1482 SH DEFINED 0 1482 0
BAXTER INTL INC 071813109 269 9625 SH SOLE 7505 0 2120
BEAR STEARNS COS INC 073902108 505 8507 SH SOLE 6327 0 2180
BED BATH & BEYOND 075896100 6 200 SH SOLE 200 0 0
BELLSOUTH CORP 079860102 1072 41468 SH SOLE 38408 0 3060
BELLSOUTH CORP 079860102 13 532 SH DEFINED 532 0 0
BERKSHIRE
HATHAWAY "A" 084670108 72 1 SH SOLE 1 0 0
BERKSHIRE DEL
HATHAWAY INC CL B 084670207 7 3 SH DEFINED 3 0 0
BIOGEN N V 090597105 10 250 SH SOLE 250 0 0
BIOMARIN
PHARMACEUTICAL COM 09061G101 14 2000 SH SOLE 0 2000 0
BIOTRANSPLANT INC COM 09066Y107 1 4400 SH SOLE 0 4400 0
BLACKROCK INVT
QUALITY
MUNI TR INC 09247D105 41 3000 SH SOLE 3000 0 0
MF BLACKROCK INCOME
TRUST 09247F100 18 2400 SH SOLE 2400 0 0
QUALITY
BLACKSTONE TERM
INVESTMENT TRUST 09247J102 40 4155 SH SOLE 4155 0 0
BOEING INC 097023105 48 1480 SH SOLE 880 0 600
BOWATER INC 102183100 346 8270 SH SOLE 5715 0 2555
BRISTOL MYERS
SQUIBB CO 110122108 503 21753 SH SOLE 21753 0 0
BRISTOL MYERS
SQUIBB CO 110122108 27 1200 SH DEFINED 1200 0 0
BUCKEYE TECHNOLOGY
INC 118255108 19 3100 SH SOLE 0 3100 0
BURLINGTON
NORTHERN/SANTA
FE CORP 12189T104 24 930 SH SOLE 930 0 0
CBRL GROUP INC COM 12489V106 87 2900 SH SOLE 2900 0 0
CEC ENTMT INC 125137109 26 850 SH SOLE 0 850 0
CLECO CORP COM 12561W105 4 296 SH SOLE 296 0 0
CNET NETWORKS INC 12613R104 0 118 SH SOLE 118 0 0
CADBURY
SCHWEPPES PLC ADR 127209302 30 1200 SH SOLE 1200 0 0
CALLAWAY GOLF CO 131193104 2 200 SH SOLE 0 0 200
CAMPBELL SOUP CO COM 134429109 9 400 SH SOLE 400 0 0
CAPITAL ONE
FINL CORP COM 14040H105 136 4600 SH SOLE 4600 0 0
CARDINAL HEALTH INC COM 14149Y108 26 447 SH SOLE 447 0 0
3
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
CATERPILLAR INC 149123101 137 3000 SH SOLE 2500 0 500
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 100 0 0
CENDANT CORP COM 151313103 10 1000 SH SOLE 1000 0 0
CENTURYTEL, INC 156700106 124 4250 SH SOLE 4250 0 0
CERTEGY INC 156880106 2 100 SH SOLE 100 00 0
CHARTER DEL
COMMUNICATIONS INC CL A 16117M107 0 600 SH SOLE 600 0 0
CHECKPOINT SYSTEMS 162825103 10 1000 SH SOLE 1000 0 0
CHEVRONTEXACO CORP 166764100 1100 16553 SH SOLE 15263 0 1290
CHEVRONTEXACO CORP 166764100 88 1327 SH DEFINED 1327 0 0
CHOICEPOINT INC 170388102 3 80 SH SOLE 80 0 0
CHRONIMED INC COM 171164106 41 6800 SH SOLE 0 6800 0
CISCO SYS INC 17275R102 398 30395 SH SOLE 29995 0 400
CISCO SYS INC 17275R102 18 1400 SH DEFINED 800 0 600
CITIGROUP, INC 172967101 778 22140 SH SOLE 19690 0 2450
CITIGROUP, INC 172967101 285 8117 SH DEFINED 8117 0 0
CLEAR CHANNEL
COMMUNICATIONS 184502102 3 100 SH SOLE 100 0 0
COCA COLA BOTTLING
CO CONS COM 191098102 27 420 SH SOLE 420 0 0
COCA COLA CO 191216100 1395 31832 SH SOLE 29307 200 2325
COCA COLA CO 191216100 65 1500 SH DEFINED 500 0 1000
COCA COLA
ENTERPRISES INC COM 191219104 84 3900 SH SOLE 3900 0 0
COLGATE-PALMOLIVE CO 194162103 142 2725 SH SOLE 2725 0 0
COLGATE-PALMOLIVE CO 194162103 10 200 SH DEFINED 0 0 200
MUNICIPAL
COLONIAL HIGH INCOME TRUST 195743109 1 200 SOLE 200 0 0
COMMSCOPE INC 203372107 7 1000 SH SOLE 1000 0 0
COMPUTER ASSOC
INTL INC COM 204912109 10 800 SH SOLE 800 0 0
COMPUTER SCIENCES
CORPORATION COMMON 205363104 3 99 SH DEFINED 0 0 99
CONAGRA FOODS INC 205887102 5 200 SH DEFINED 200 0 0
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 176 0 0
CONOCO PHILLIPS 20825C104 105 2186 SH SOLE 2186 0 0
CONSECO 208464107 0 560 SH DEFINED 560 0 0
CONSECO FD SH
STRATEGIC INC BEN INT 20847A102 7 866 SH SOLE 866 0 0
CONSOLIDATED
EDISON INC COM 209115104 42 1000 SH SOLE 1000 0 0
CONSTELLATION ENERGY
CORP 210371100 4 150 SH SOLE 150 0 0
COOPER TIRE &
RUBBER CO 216831107 321 20953 SH SOLE 19953 0 1000
COOPER TIRE &
RUBBER CO 216831107 1 100 SH DEFINED 100 0 0
4
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
COX
COMMUNICATIONS CL A 224044107 2 100 SH DEFINED 100 0 0
CYPRESS
SEMICONDUCTOR 232806109 2 500 SH SOLE 500 0 0
DNP SELECT
INCOME FD INC 23325P104 10 1100 SH DEFINED 1100 0 0
DPL INC COM 233293109 22 1485 SH SOLE 1485 0 0
DANKA SPONSORED
BUSINESS SYS PLC AD R 236277109 21 5000 SH SOLE 5000 0 0
DEERE & CO 244199105 68 1500 SH SOLE 1500 0 0
DEL MONTE FOODS COM 24522P103 0 121 SH SOLE 121 0 0
DELL COMPUTER 247025109 423 15860 SH SOLE 15860 0 0
DELL COMPUTER 247025109 29 1100 SH DEFINED 1100 0 0
DELPHI AUTO SYSTEMS 247126105 2 343 SH SOLE 343 0 0
DELTA & PINE LD CO COM 247357106 14 709 SH SOLE 709 0 0
DELTIC TIMBER INC 247850100 382 14324 SH SOLE 14324 0 0
DELTIC TIMBER INC 247850100 17247 645971 SH DEFINED 242423 403548 0
WALT DISNEY CO 254687106 34 2131 SH SOLE 760 1371 0
WALT DISNEY CO 254687106 3 200 SH DEFINED 200 0 0
DOMINION RES INC VA NEW 25746U109 165 3015 SH SOLE 3015 0 0
DONNELLEY RR & SONS 257867101 17 800 SH SOLE 800 0 0
DOW CHEMICAL CO 260543103 483 16263 SH SOLE 16263 0 0
DOW CHEMICAL CO 260543103 14 483 SH DEFINED 483 0 0
DREYFUS STRATEGIC
MUNICIPALS INC 261932107 20 2086 SOLE 2086 0
DREYFUS MUNICIPAL
INCOME INC 26201R102 16 1832 SOLE 1832 0
DREYFUS STRATEGIC
MUN BD FD INC 26202F107 22 2841 SH SOLE 2841 0 0
DU PONT EI D
NEMOURS & CO 263534109 207 4897 SH SOLE 4897 0 0
DU PONT EI D
NEMOURS & CO 263534109 4 100 SH DEFINED 100 0 0
DUKE ENERGY CORP COM 264399106 113 5814 SH SOLE 5814 0 0
DUN & BRADSTREET NW 26483E100 5 150 SH SOLE 150 0 0
DYNEX CAP INC COM NEW 26817Q506 0 106 SH DEFINED 106 0 0
E-LOAN INC 26861P107 1 1000 SH SOLE 1000 0 0
EMC CORP 268648102 25 4200 SH SOLE 4200 0 0
EMC CORP 268648102 24 4000 SH DEFINED 4000 0 0
E TRADE GROUP INC 269246104 19 4000 SH SOLE 4000 0 0
EASTMAN KODAK CO 277461109 35 1000 SH SOLE 1000 0 0
EASTMAN KODAK CO 277461109 4 125 SH DEFINED 125 0 0
EATON CORP COM 278058102 117 1500 SH SOLE 1500 0 0
ECHOSTAR COMMUN 278762109 11 500 SH SOLE 500 0 0
EDWARDS
LIFESCIENCES CORP 28176E108 6 240 SH SOLE 240 0 0
A. G. EDWARDS INC 281760108 309 9385 SH SOLE 6560 0 2825
EL PASO CORPORATION 28336L109 5 812 SH SOLE 812 0 0
EL PASO CORPORATION 28336L109 1 200 SH DEFINED 0 0 200
5
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
ELAN CORP PLC ADR 284131208 0 100 SH SOLE 100 0 0
ELECTRONIC DATA SYS
CORP NEW 285661104 10 550 SH SOLE 550 0 0
EMERSON ELECTRIC CO 291011104 122 2400 SH SOLE 2400 0 0
ENCORE WIRE CORP COM 292562105 189 20900 SH SOLE 13900 0 7000
ENERGY EAST CORP COM 29266M109 4 200 SH SOLE 200 0 0
ENGELHARD CORP 292845104 5 253 SH DEFINED 0 00 253
ENTERASYS NETWORKS
INC 293637104 0 200 SH SOLE 200 0 0
ENTERGY CORP 29364G103 233 5131 SH SOLE 4131 0 1000
ENTERGY CORP 29364G103 27 593 SH DEFINED 593 0 0
EQUIFAX INC 294429105 4 200 SH SOLE 200 0 0
EQUITY INNS, INC 294703103 9 1500 SH DEFINED 1500 0 0
EQUITY RESIDENTIAL
PPTYS SBI 29476L107 10 436 SH SOLE 436 0 0
EXELON CORP 30161N101 10 200 SH SOLE 200 0 0
EXXON MOBIL CORP 30231G102 6984 199964 SH SOLE 198019 0 1945
EXXON MOBIL CORP 30231G102 1078 30876 SH DEFINED 20576 4700 5600
FPL GROUP INC 302571104 243 4050 SH SOLE 2815 0 1235
FED HMN LN VOTING
MTG CORP COM 313400301 14 250 SH SOLE 250 0 0
FMNA COM 313586109 77 1200 SH SOLE 1200 0 0
FEDERAL REALTY SH BEN
INVT TR INT NEW 313747206 28 1000 SH SOLE 1000 0 0
FEDEX CORPORATION 31428X106 54 1000 SH SOLE 1000 0 0
FEDEX CORPORATION 31428X106 5 100 SH DEFINED 100 0 0
FIRST INDL RLTY TR
INC 32054K103 12 450 SH SOLE 450 0 0
FIRST M & F CORP 320744105 35 1293 SH SOLE 1293 0 0
FIRST TENNESSEE
NATIONAL CORP 337162101 2583 71896 SH SOLE 71896 0 0
FISERV INC 337738108 209 6185 SH SOLE 4295 0 1890
FLEET BOSTON CORP 339030108 19 812 SH SOLE 812 0 0
FLUOR CORP 343412102 2 96 SH DEFINED 96 0 0
FORD MOTOR COMPANY
COMMON 345370860 61 6562 SH SOLE 6562 0 0
FORD MOTOR COMPANY
COMMON 345370860 6 700 SH DEFINED 700 0 0
GSI COMMERCE INC 36238G102 0 29 SH SOLE 29 0 0
GALLAGHER
ARTHUR J & CO 363576109 264 9015 SH SOLE 6140 0 2875
DEL
GAP INC COM 364760108 23 1500 SH SOLE 1500 0 0
GENERAL ELECTRIC CO 369604103 3113 127898 SH SOLE 125973 1255 670
GENERAL ELECTRIC CO 369604103 70 2900 SH DEFINED 1700 0 1200
GENERAL MLS INC COM 370334104 24 520 SH SOLE 520 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 24 673 SH SOLE 673 0 0
GENOME THERAPEUTICS
CORP COM 372430108 1 1000 SH SOLE 0 0 1000
GEORGIA PAC CORP 373298108 24 1490 SH SOLE 1490 0 0
6
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
GERON CORP COM 374163103 1 300 SH SOLE 300 0 0
GILLETTE CO 375766102 91 3006 SH SOLE 2806 0 200
GILLETTE CO 375766102 105 3485 SH DEFINED 3485 0 0
GLAXO WELLCOME PLC
SPONSORED ADR 37733W105 25 669 SH SOLE 0 0 669
GLAXO WELLCOME PLC
SPONSORED ADR 37733W105 22 600 SH DEFINED 600 0 0
GOODYEAR TIRE
& RUBBER 382550101 4 618 SH SOLE 618 0 0
GREAT LAKES
CHEM CORP COM 390568103 42 1785 SH DEFINED 1785 0 0
GREAT PLAINS
ENERGY INC 391164100 42 1855 SH SOLE 1855 0 0
GUIDANT CORP COM 401698105 89 2900 SH SOLE 2900 0 0
HCA- THE
HEALTHCARE CO 404119109 143 3450 SH SOLE 3450 0 0
HCB BANCSHARES INC COM 40413N106 19 1200 SH SOLE 1200 0 0
HALLIBURTON CO COM 406216101 15 850 SH SOLE 850 0 0
HALLIBURTON CO COM 406216101 11 600 SH DEFINED 600 0 0
HANCOCK FABRICS 409900107 24 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO
CAP VALUE 410120109 194 4345 SH SOLE 4345 0 0
JOHN HANCOCK 41014S106 15 572 SH SOLE 572 0 0
HARRIS CORP 413875105 39 1494 SH SOLE 1494 0 0
HARTFORD FNCL
SV GRP INC COM 416515104 9 200 SH DEFINED 200 0 0
HASBRO, INC 418056107 9 787 SH DEFINED 787 0 0
HEINZ H J CO COM 423074103 8 273 SH SOLE 273 0 0
HEWLETT PACKARD CO 428236103 332 19143 SH SOLE 17727 1416 0
HEWLETT PACKARD CO 428236103 6 400 SH DEFINED 0 0 400
HIBERNIA CORP 428656102 6037 313628 SH SOLE 312728 0 900
HIBERNIA CORP 428656102 17 900 SH DEFINED 900 0 0
HIGH INCOME
OPPORTUNITY FD 42967Q105 15 2500 SH SOLE 2500 0 0
HOME DEPOT 437076102 436 18172 SH SOLE 18172 0 0
HOME DEPOT 437076102 36 1532 SH DEFINED 1532 0 0
HONEYWELL INTL INC 438516106 74 3120 SH SOLE 3120 0 0
HUBBELL INC CL B 443510201 35 1000 SH SOLE 1000 0 0
ICN PHARMACEUTICALS
INC NEW COM 448924100 5 525 SH SOLE 0 0 525
ING PRIME RATE
TR SH BEN INT 44977W106 84 13907 SH SOLE 0 13907 0
ILLINOIS TOOL
WORKS INC 452308109 4 76 SH SOLE 76 0 0
ILLINOIS TOOL
WORKS INC 452308109 16 250 SH DEFINED 250 0 0
INSIGHT
ENTERPRISES INC COM 45765U103 23 2775 SH SOLE 0 2775 0
INTEL CORP CAP 458140100 479 30794 SH SOLE 30794 0 0
INTEL CORP CAP 458140100 74 4780 SH DEFINED 3980 0 800
IBM CORP 459200101 2325 30009 SH SOLE 28249 0 1760
7
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
IBM CORP 459200101 98 1275 SH DEFINED 475 800 0
INTL PAPER CO 460146103 59 1692 SH SOLE 1692 0 0
INTL PAPER CO 460146103 50 1450 SH DEFINED 150 1100 200
JDS UNIPHASE CORP COM 46612J101 0 120 SH SOLE 120 0 0
J P MORGAN
CHASE & CO 46625H100 58 2432 SH SOLE 2432 0 0
J P MORGAN
CHASE & CO 46625H100 36 1500 SH DEFINED 1500 0 0
JOHNSON & JOHNSON 478160104 2362 43986 SH SOLE 42986 0 1000
JOHNSON & JOHNSON 478160104 477 8900 SH DEFINED 5000 1200 2700
JOHNSON CONTROLS INC 478366107 274 3425 SH SOLE 2470 0 955
KLA TENCOR CORP 482480100 3 100 SH SOLE 100 0 0
K MART CORP COM 482584109 0 1000 SH SOLE 1000 0 0
KELLOGG CO 487836108 6 200 SH SOLE 200 0 0
KERR-MCGEE
CORPORATION INC 492386107 0 8 SH SOLE 8 0 0
KIMBERLY-CLARK CORP 494368103 9 200 SH SOLE 200 0 0
KIMBERLY-CLARK CORP 494368103 18 400 SH DEFINED 400 0 0
KINDER MORGAN
ENERGY PARTNERS, L.P. 494550106 8 232 SH SOLE 232 0 0
KNIGHT RIDDER INC 499040103 428 6770 SH SOLE 4655 0 2115
KROGER CO 501044101 14 908 SH SOLE 908 0 0
LSI LOGIC CORP COM 502161102 2 400 SH SOLE 400 0 0
LACLEDE GROUP INC 505597104 7 300 SH SOLE 300 0 0
LACLEDE GROUP INC 505597104 21 900 SH DEFINED 900 0 0
ESTEE LAUDER CO 518439104 15 600 SH DEFINED 600 0 0
LEHMAN BROTHERS
HOLDINGS COM 524908100 399 7505 SH SOLE 5370 0 2135
LEVEL 3
COMMUNICATIONS INC 52729N100 29 6037 SH SOLE 6037 0 0
NEW
LEXMARK INTL CL A 529771107 368 6095 SH SOLE 4250 0 1845
THE LIBERTY
CORPORATION 530370105 112 2900 SH SOLE 2900 0 0
ELI LILLY & CO 532457108 642 10120 SH SOLE 8875 0 1245
ELI LILLY & CO 532457108 95 1500 SH DEFINED 1500 0 0
LOUISIANA PAC CORP COM 546347105 2 338 SH SOLE 338 0
LOWES CO INC 548661107 679 18125 SH SOLE 13825 0 4300
LUCENT TECHNOLOGIES 549463107 30 24225 SH SOLE 23021 1004 200
LUCENT TECHNOLOGIES 549463107 2 2200 SH DEFINED 2200 0 0
M & T BANK CORP 55261F104 158 2000 SH SOLE 2000 0 0
MFS INTER INCOME
TR SH BEN INT 55273C107 41 5900 SH SOLE 5900 0 0
MGNA ENTMT CORP 559211107 0 20 SH SOLE 20 0 0
MANULIFE FINANCIAL
CORP 56501R106 917 42300 SH SOLE 42300 0 0
MARSH & MCLENNAN 571748102 46 1000 SH SOLE 1000 0 0
MASSEY ENERGY CORP 576206106 0 96 SH SOLE 96 0 0
MCCORMICK & CO 579780206 417 17980 SH SOLE 12040 0 5940
8
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
MCDATA CORP
CLASS A 580031201 13 1875 SH SOLE 0 1875 0
MCDATA CORP
CLASS A 580031201 0 73 SH DEFINED 73 0 0
MCDONALD'S
CORP 580135101 51 3200 SH SOLE 3200 0 0
MCGRAW HILL
COS INC 580645109 15 250 SH DEFINED 250 0 0
MEADWESTVACO
CORP 583334107 38 1547 SH SOLE 1547 0 0
MEDTRONIC INC COM 585055106 43 960 SH SOLE 960 0 0
MELLON FINL CORP 58551A108 20 800 SH SOLE 800 0 0
MERCK & CO INC 589331107 1712 30254 SH SOLE 28829 0 1425
MERCK & CO INC 589331107 220 3900 SH DEFINED 3400 0 500
MERRILL LYNCH
& CO., INC 590188108 12 320 SH SOLE 320 0 0
METLIFE INC COM 59156R108 100 3729 SH SOLE 3729 0 0
MICROSOFT CORP 594918104 718 13895 SH SOLE 13330 0 565
MICROSOFT CORP 594918104 20 400 SH DEFINED 0 0 400
MICRON
TECHNOLOGY 595112103 98 10140 SH SOLE 7695 0 2445
MID-AMERICA
APARTMENT
CMNTYS 59522J103 24 1000 SH DEFINED 1000 0 0
MIDAS GROUP INC 595626102 4 666 SH SOLE 666 0 0
MILLER
HERMAN INC COM 600544100 63 3460 SH SOLE 3460 0 0
MIRANT CORP 604675108 5 3213 SH SOLE 3213 0 0
MIRANT CORP 604675108 0 143 SH DEFINED 143 0 0
MISSISSIPPI
CHEMICAL CORP 605288208 0 1492 SH SOLE 1492 0 0
MONSANTO CO (NEW) 61166W101 32 1705 SH SOLE 1620 0 85
MONSANTO CO (NEW) 61166W101 4 235 SH DEFINED 150 0 85
MOODYS CORP 615369105 12 300 SH SOLE 300 0 0
MORGAN STANLEY
DEAN WITTER
DISCOVER & CO 617446448 161 4040 SH SOLE 4040 0 0
MORGAN STANLEY
DEAN WITTER
DISCOVER & CO 617446448 10 260 SH DEFINED 260 0 0
MOTOROLA INC 620076109 130 15063 SH SOLE 14963 0 100
MOTOROLA INC 620076109 64 7466 SH DEFINED 7166 0 300
MULTIMEDIA
GAMES INC 625453105 12 450 SH SOLE 450 0 0
MUNICIPAL
MORTGAGE & GROWTH
EQUITY LLC SH 62624B101 102 4000 SH SOLE 4000 0 0
MUNIVEST
FD INC COM 626295109 44 5000 SOLE 5000 0 0
MURPHY OIL CORP COM 626717102 4191 48909 SH SOLE 48909 0 0
MURPHY OIL CORP COM 626717102 199137 2323653 SH DEFINED 1032683 1290970 0
MYLAN
LABORATORIES
INC 628530107 273 7848 SH SOLE 5688 00 2160
NBC CAP CORP 628729105 100 4000 SH SOLE 4000 0 0
NCR CORP NEW 62886E108 1 64 SH SOLE 64 0 0
NASDAQ 100 TRUST 631100104 4 200 SH SOLE 200 0 0
NATIONAL COMM
FINL CORP 63545P104 61 2600 SH SOLE 0 2600 0
NELSON,
THOMAS INC 640376109 1 187 SH SOLE 187 0 0
9
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
NEWELL
RUBBERMAID INC 651229106 12 400 SH SOLE 400 0 0
NICOR INC COM 654086107 18 550 SH SOLE 550 0 0
NIKE INC CLASS B 654106103 38 860 SH SOLE 860 0 0
NOKIA CORP
SPND ADR 654902204 37 2400 SH SOLE 2400 0 0
NOBLE ENERGY INC 655044105 37 1000 SH SOLE 1000 0 0
NORFOLK SO CORP 655844108 38 1934 SH SOLE 1934 0 0
NORTEL NETWORK
CORP NEW 656568102 8 5000 SH SOLE 5000 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 62 1780 SH SOLE 1780 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 140 4000 SH DEFINED 3600 0 400
NORTHRUP
GRUMMAN 666807102 9 100 SH SOLE 100 0 0
NORTHWESTERN
CORPORATION 668074107 1 330 SH SOLE 330 0 0
NOVELLUS SYSTEMS 670008101 233 8325 SH SOLE 5755 0 2570
NUVEEN INSD MUNI
PREMIUM INCOME FD 6706D8104 4 338 SOLE 338 0 0
NUVEEN MUNICIPAL
MARKET OPP 67062W103 49 3529 SOLE 3529 0
OKLAHOMA GAS &
ELEC ENERGY CORP 670837103 75 4300 SH SOLE 4300 0 0
OKLAHOMA GAS &
ELEC ENERGY CORP 670837103 12 700 SH DEFINED 700 0 0
NUVEEN MUN
VALUE FD INC 670928100 21 2300 SOLE 2300 0
NUVEEN QUALITY
INCOME MUNI 670977107 7 500 SH SOLE 500 0 0
NUVEEN PREMIER
MUNICIPAL INC 670988104 22 1565 SH SOLE 1565 0 0
OAKWOOD
HOMES CORP 674098207 0 200 SH SOLE 200 0 0
OCCIDENTAL
PETE COR DEL 674599105 14 500 SH SOLE 500 0 0
OCEAN
ENERGY INC TEX 67481E106 3 200 SH SOLE 200 0 0
OFFICEMAX INC 67622M108 5 1000 SH SOLE 1000 0 0
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 19 300 SH SOLE 300 0 0
ORACLE
SYSTEMS CORP 68389X105 44 4110 SH SOLE 4110 0 0
PPG INDUSTRIES INC 693506107 30 600 SH SOLE 600 0 0
PACTIV COPR 695257105 38 1747 SH SOLE 1747 0 0
PAYCHEX INC 704326107 4 150 SH SOLE 150 0 0
PCCW LTD
SPONSORED ADR 70454G108 3 2473 SH DEFINED 2473 0 0
PENNEY J C INC COM 708160106 4 182 SH SOLE 182 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 14 367 SH SOLE 367 0 0
PEOPLES HLDG CO COM 711148106 20 500 SH DEFINED 500 0 0
10
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
PEPCO HLDGS INC 713291102 8 457 SH SOLE 457 0 0
PEPSIAMERICAS INC 71343P200 53 4000 SH SOLE 4000 0 0
PEPSICO INC COM 713448108 1533 36333 SH SOLE 36218 0 115
PEPSICO INC COM 713448108 89 2130 SH DEFINED 430 1100 600
PFIZER INC 717081103 2578 84375 SH SOLE 84190 0 185
PFIZER INC 717081103 94 3100 SH DEFINED 2200 0 900
PHARMACIA CORP 71713U102 515 12326 SH SOLE 11826 0 500
PHARMACIA CORP 71713U102 57 1380 SH DEFINED 880 0 500
PHELPS
DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS
DODGE CORP COM 717265102 15 500 SH DEFINED 500 0 0
PHILIP MORRIS
COS INC COM 718154107 530 13085 SH SOLE 10790 0 2295
THE PHOENIX
COMPANIES 71902E109 7 1051 SH SOLE 1051 0 0
PLACER DOME INC 725906101 1 170 SH SOLE 170 0 0
PLUM CREEK
TIMBER CO INC 729251108 27 1164 SH SOLE 1164 0 0
POTLATCH CORP COM 737628107 3 150 SH SOLE 150 0 0
PRAXAIR INC COM 74005P104 17 300 SH DEFINED 300 0 0
PRINCIPAL
FINANCIAL GROUP 74251V102 80 2663 SH SOLE 2663 0 0
PROCTOR &
GAMBLE CO COM 742718109 967 11256 SH SOLE 10656 0 600
PROCTOR &
GAMBLE CO COM 742718109 120 1400 SH DEFINED 1400 0 0
PROGRESS
ENERGY INC COM 743263105 10 232 SH SOLE 232 0 0
PRUDENTIAL
FINANCIAL 744320102 141 4462 SH SOLE 4462 0 0
PUBLIC STORAGE,
INC REIT 74460D109 5 180 SH SOLE 180 0 0
PUTNAM
MANAGED INCOME
MUNICIPAL TRUST 746823103 3 500 DEFINED 0 0 500
QLOGIC CORP COM 747277101 44 1303 SH SOLE 250 1053 0
QUALCOMM INC 747525103 7 200 SH SOLE 200 0 0
QWEST
COMMUNICATIONS
INTL INC COM 749121109 10 2097 SH SOLE 2097 0 0
RFS HOTEL
INVESTORS 74955J108 10 1000 SH SOLE 0 1000 0
RH DONNELLEY
CORP 74955W307 1 60 SH SOLE 60 0 0
RALCORP
HOLDINGS NEW COM 751028101 1 66 SH DEFINED 0 0 66
RAYTHEON CO NEW 755111507 18 600 SH SOLE 600 0 0
REGIONS
FNCL CORP 758940100 713 21390 SH SOLE 10640 9550 1200
REGIONS
FNCL CORP 758940100 59 1786 SH DEFINED 0 1786 0
RELIANT
RESOURCES INC 75952B105 5 1576 SH SOLE 1576 0 0
RELIANT
RESOURCES INC 75952B105 14 4651 SH DEFINED 4622 0 29
REMINGTON OIL
& GAS CORP COM 759594302 26 1600 SH SOLE 0 1600 0
REYNOLDS RJ
TOB HLDGS INC 76182K105 6 166 SH SOLE 166 0 0
11
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
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 6 200 SH SOLE 200 0 0
ROXIE INC 780008108 0 65 SH SOLE 65 0 0
ROYAL DUTCH NY REG
PETE CO GLD1.25 780257804 372 8466 SH SOLE 6471 0 1995
ROYAL DUTCH NY REG
PETE CO GLD1.25 720857804 140 3200 SH DEFINED 3200 0 0
RUBY TUESDAY INC 781182100 21 1260 SH DEFINED 0 0 1260
SBC
COMMUNICATIONS,
INC 78387G103 1313 48459 SH SOLE 44984 0 3475
SBC
COMMUNICATIONS,
INC 78387G103 21 780 SH DEFINED 780 0 0
SCP POOL CORP COM 784028102 59 2025 SH SOLE 0 2025 0
ST JUDE MEDICAL 790849103 477 12030 SH SOLE 8310 0 3720
SARA LEE CORP COM 803111103 18 800 SH SOLE 800 0 0
SCANA CORP NEW 80589M102 459 14847 SH SOLE 10277 0 4570
SCHERING
PLOUGH CORP COM 806605101 410 18484 SH SOLE 18484 0 0
SCHERING
PLOUGH CORP COM 806605101 432 19500 SH DEFINED 100 19400 0
SCHLUMBERGER
LTD COM 806857108 65 1550 SH SOLE 1350 0 200
THE CHARLES
SCHWAB CORP 808513105 16 1500 SH SOLE 1500 0 0
SCRIPPS EW INC
NEW CL A 811054204 38 500 SH SOLE 500 0 0
SEARS ROEBUCK
& CO COM 812387108 45 1920 SH SOLE 1920 0 0
SEARS ROEBUCK
& CO COM 812387108 3 167 SH DEFINED 167 0 0
SELIGMAN SELECT
MUN FD INC 816344105 13 1250 SH SOLE 1250 0 0
SEMPRA ENERGY 816851109 3 135 SH SOLE 135 0 0
SERVICEMASTER
COMPANY COM 81760N109 84 7593 SH SOLE 7593 0 0
SHELL TRANS & NEW YRK
TRADING PLC SH NEW 822703609 70 1800 SH DEFINED 1800 0 0
SHERWIN
WILLIAMS CO COM 824348106 31 1100 SH SOLE 1100 0 0
SIMMONS CL A
1ST NATL CORP $5 PAR 828730200 241 6600 SH SOLE 6600 0 0
SIMMONS CL A
1ST NATL CORP $5 PAR 828730200 9 250 SH DEFINED 250 0 0
SIMON PROPERTY
GROUP INC 828806109 250 7345 SH SOLE 4995 0 2350
SIRIUS SATTELITE
RADIO 82966U103 6 10000 SH SOLE 10000 0 0
SKYWORKS
SOLUTIONS 83088M102 0 61 SH SOLE 61 0 0
SMUCKER J M CO 832696405 0 3 SH SOLE 3 0 0
SMURFIT-STONE
CONTAINER CORP 832727101 7 495 SH SOLE 495 0 0
SOLUTIA INC COM 834376105 12 3312 SH SOLE 3312 0 0
12
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
SONY CORP 835699307 41 1000 SH DEFINED 1000 0 0
SOUTHERN CO COM 842587107 528 18639 SH SOLE 18639 0 0
SOUTHERN CO COM 842587107 92 3275 SH DEFINED 3275 0 0
SOUTHWEST
AIRLS CO COM 844741108 7 505 SH SOLE 505 0 0
COM FON
SPRINT CORP GROUP 852061100 1005 69425 SH SOLE 64285 0 5140
STEWART
ENTERPRISES 860370105 22 4000 SH SOLE 4000 0 0
STILLWELL
FINANCIAL INC 860831106 7 600 SH SOLE 600 0 0
SUN LIFE FINANCIAL 866796105 243 14305 SH SOLE 14305 0 0
SUN MICROSYSTEMS 866810104 5 1700 SH SOLE 1700 0 0
SUNGARD DATA
SYSTEMS 867363103 243 10330 SH SOLE 10125 0 205
SUNOCO INC 86764P109 47 1422 SH SOLE 1422 0 0
SUNTRUST
BANKS INC COM 867914103 70 1245 SH SOLE 1245 0 0
SWIFT TRANSN INC COM 870756103 27 1350 SH SOLE 0 1350 0
SYNOVUS FINL CORP 87161C105 21 1125 SH SOLE 1125 0 0
TECO ENERGY INC COM 872375100 12 800 SH SOLE 800 0 0
TECO ENERGY INC COM 872375100 12 800 SH DEFINED 800 0 0
TJX COMPANIES 872540109 1 100 SH SOLE 100 0 0
TXU CORP 873168108 65 3500 SH SOLE 3500 0 0
TARGET CORP 87612E106 442 14750 SH SOLE 10845 0 3905
TARGET CORP 87612E106 12 400 SH DEFINED 400 0 0
TELLABS INC
DELAWARE 879664100 5 800 SH SOLE 800 0 0
TELLABS INC
DELAWARE 879664100 1 200 SH DEFINED 200 0 0
TEMPLE INLAND INC 879868107 17 400 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 18 1200 SH SOLE 1200 0 0
TEXTRON
INCORPORATED COMM 883203101 262 6115 SH SOLE 3775 0 2340
THOMAS &
BETTS CORP COM 884315102 3 200 SH SOLE 200 0 0
THORNBURG
MORTGAGE INC 885218107 6 300 SH SOLE 300 0 0
3M CO 88579Y101 193 1566 SH SOLE 1566 0 0
TIFFANY & CO NEW 886547108 52 2200 SH SOLE 2200 0 0
TRAVELERS
PROPERTY
CASUALTY CORP CL A 89420G109 5 353 SH SOLE 353 0 0
TRAVELERS
PROPERTY
CASUALTY CORP CL A 89420G109 5 350 SH DEFINED 350 0 0
TRAVELERS
CORPORATION CL B COM 89420G406 12 845 SH SOLE 845 0 0
TRAVELERS
CORPORATION CL B COM 89420G406 10 720 SH DEFINED 720 0 0
TRIANGLE
PHARMACEUTICALS
INC 89589H104 5 1000 SH SOLE 1000 0 0
TRIBUNE COMPANY 896047107 54 1200 SH SOLE 1200 0 0
13
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ------- -------- ------
TRIQUINT
SEMICONDUCTOR 89674K103 12 2950 SH SOLE 0 2950 0
TRUSTMARK CORP COM 898402102 654 27498 SH SOLE 27498 0 0
TRUSTMARK CORP COM 898402102 23 1000 SH DEFINED 1000 0 0
TYCO INTL LTD NEW COM 902124106 5 350 SH SOLE 350 0 0
TYSON FOODS INC CL A 902494103 8 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 904494103 168 15000 SH DEFINED 15000 0 0
USA TRUCK INC -
RESTRICTED 902925106 609 86498 SH SOLE 86498 0 0
US UNWIRED INC 90338R104 2 5000 SH SOLE 0 5000 0
UNION PACIFIC
CORP 907818108 245 4095 SH SOLE 2845 0 1250
UNION PACIFIC
CORP 907818108 236 3950 SH DEFINED 150 3800 0
UNION PLANTERS
CORP 908068109 1129 40164 SH SOLE 40164 0 0
UNION PLANTERS CONV PFD
CORP SER E 8% 908068307 52 1000 SH SOLE 1000 0 0
UNITED STS STL
CORP NEW 912909108 6 500 SH SOLE 500 0 0
VAN KAMPEN
INCOME TR 920957107 2 450 SOLE 450 0
VERIZON
COMMUNICATIONS 92343V104 1344 34707 SH SOLE 30832 0 3875
VERIZON
COMMUNICATIONS 92343V104 117 3028 SH DEFINED 2628 0 400
VIACOM INC CL B 925524308 112 2770 SH SOLE 2720 0 50
VIACOM INC CL B 925524308 13 325 SH DEFINED 325 0 0
VISTEON CORP 92839U107 0 75 SH SOLE 75 0 0
VODAFONE
GROUP PLC NEW 92857W100 74 4104 SH SOLE 4104 0 0
W.P. CAREY
& CO., LLC 92930Y107 61 2474 SH SOLE 2474 0 0
WACHOVIA
CORP 2ND NEW 929903102 403 11069 SH SOLE 11069 0 0
WACHOVIA
CORP 2ND NEW 929903102 18 500 SH DEFINED 500 0 0
WAL MART
STORES INC COM 931142103 3068 60769 SH SOLE 57719 0 3050
WAL MART
STORES INC COM 931142103 236 4686 SH DEFINED 1586 3000 100
WALGREEN CO 931422109 113 3900 SH SOLE 3900 0 0
WASHINGTON
MUTUAL INC 939322103 20 600 SH SOLE 600 0 0
WASTE
MANAGEMENT INC NEW 94106L109 139 6080 SH SOLE 3825 0 2255
WASTE
MANAGEMENT INC NEW 94106L109 0 1 SH DEFINED 0 0 1
WEINGARTEN SH BEN
RLTY INVS INT 948741103 55 1500 SH SOLE 1500 0 0
WELLS FARGO & CO NEW 949746101 350 7485 SH SOLE 7375 0 110
WELLS FARGO & CO NEW 949746101 9 200 SH DEFINED 200 0 0
WEYERHAEUSER CO COM 962166104 186 3800 SH SOLE 3800 0 0
WHITNEY
HOLDING CORP COMMON 966612103 105 3180 SH SOLE 3180 0 0
WILLIAMS COMPANY COMMON 969457100 5 2057 SH SOLE 2057 0 0
WORLDCOM, INC (BANKRUPTCY) 98157D106 48 371664 SH SOLE 371664 0 0
WORLDCOM, INC (BANKRUPTCY) 98157D106 0 1300 SH DEFINED 1000 0 300
WORLDCOM INC GA
NW MCI GROUP (BANKRUPTCY) 98157D304 2 15158 SH SOLE 11636 3522 0
14
TITLE VOTING AUTHORITY
OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----- ----- -------- -------- --- ---- ---------- -------- ------- -------- ------
WORLDCOM INC GA
NW MCI GROUP (BANKRUPTCY) 98157D304 0 40 SH DEFINED 40 0 0
WE WRIGLEY JR.
COMPANY 982526105 10 200 SH SOLE 200 0 0
WYETH 983024100 323 8665 SH SOLE 7425 0 1240
WYETH 983024100 11 300 SH DEFINED 300 0 0
XM SATELLITE 983759101 67 25000 SH SOLE 25000 0 0
XCEL ENERGY INC 98389B100 23 2154 SH SOLE 2154 0 0
YUM BRANDS INC 988498101 61 2546 SH SOLE 2546 0 0
------ -------- ------- ------- ------
GRAND TOTALS 386960 10501526 8517479 1821012 163035
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15