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, 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 February 13,
2002 for the three months ended December 31, 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: 316
Form 13F Information Table Value Total: $308,688
(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 (XS1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- ----- -------- ------- --- ---- ------- -------- ---- ------ -----
LUKS INDUSTRIAL CO G5696D102 0 800 SH DEFINED 800 0 0
ABBOTT LAB 002824100 1644 29500 SH SOLE 26900 300 2300
ABBOTT LAB 002824100 317 5688 SH DEFINED 200 4288 1200
GRUY PETRO MGMT
WALKER
CREEKWALKER
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 137 9692 SH SOLE 9692 0 0
ADVANCED ENVIRON
RECYCLING TCL A 007947104 7 7000 SH SOLE 7000 0 0
AETNA INC COM 00817Y108 6 200 SH DEFINED 0 0 200
ART MACHIN ASSOC
109-01 008990103 0 1 PRN SOLE 1 0 0
AIR PRODS & CHEMS
INC COM 009158106 18 400 SH DEFINED 0 0 400
PETROQUEST
EXPLORATION 009990102 0 1 PRN SOLE 1 0 0
ALLERGAN INC 018490102 88 1180 SH SOLE 1180 0 0
AEROPRES DIV #2240 018990101 0 1 PRN SOLE 1 0 0
ALLIED CAP CORP NEW COM 01903Q108 7 300 SH SOLE 00 0 0
ALLTEL CORP 020039103 331 5364 SH SOLE 564 200 0
ALLTEL CORP 020039103 695 11265 SH DEFINED 565 0 5300
AMERICAN ELECTRIC
POWER 025537101 211 4862 SH SOLE 362 0 1400
AMERICAN ELECTRIC
POWER 025537101 21 498 SH DEFINED 18 0 180
AMER EXPRESS CO 025816109 99 2800 SH SOLE 2800 0 0
AMER EXPRESS CO 025816109 1 30 SH DEFINED 30 0 0
AMER HOME PROD CORP 026609107 331 5400 SH SOLE 5400 0 0
AMER HOME PROD CORP 026609107 283 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 31 1290 SH SOLE 1290 0 0
AMERICAN MUTUAL
FUND INC 02768110R 214 8923 SH DEFINED 0 8923 0
ANADARKO PETE CORP 032511107 83 1464 SH DEFINED 0 1464 0
ATLANTA EXP
WARECREEK LSE 036995363 0 1 PRN SOLE 1 0 0
APPLE COMP INC 037833100 56 2585 SH SOLE 2585 0 0
APPLE COMP INC 037833100 70 3200 SH DEFINED 0 3200 0
ARCHER-DANIELS-
MIDLAND COMPANY 039483102 4 279 SH SOLE 0 0 279
AUTO DATA PROCESS 053015103 306 5200 SH SOLE 4400 0 800
AUTO DATA PROCESS 053015103 188 3200 SH DEFINED 0 3200 0
AUTOZONE 053332102 71 1000 SH SOLE 1000 0 0
AUTOZONE 053332102 38 530 SH DEFINED 530 0 0
AXCELIS
TECHNOLOGIES INC 054540109 28 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
BANCORPSOUTH INC 059692103 14602 880205 SH SOLE 717330 145433 17442
BANCORPSOUTH INC 059692103 2815 169681 SH DEFINED 139788 2592 27301
BANKAMERICA CORP
NEW COM 060505104 1294 20570 SH SOLE 20570 0 0
BANKAMERICA CORP
NEW COM 060505104 170 2710 SH DEFINED 300 0 2410
BANK OF THE OZARKS,
INC 063904106 604 23800 SH DEFINED 0 23800 0
BAXTER INTL INC 071813109 216 4040 SH SOLE 2040 0 2000
13 PORTERS CHAPEL
ROAD RENT- 078995362 0 1 PRN SOLE 1 0 0
SPROUSE
BELLSOUTH CORP 079860102 1566 41078 SH SOLE 37996 2442 640
BELLSOUTH CORP 079860102 27 732 SH DEFINED 732 0 0
BERKSHIRE
HATHAWAY "A" 084670108 75 1 SH SOLE 1 0 0
BERKSHIRE HATHAWAY
INC DEL CL B 084670207 7 3 SH DEFINED 3 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
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
BLACKBURN MTR NV 088995360 1676 1577 SH SOLE 1577 0 0
BOEING INC 097023105 204 5280 SH SOLE 3980 0 1300
BOEING INC 097023105 15 400 SH DEFINED 100 0 300
BRISTOL MYERS
SQUIBB CO 110122108 1474 28909 SH SOLE 28909 0 0
BRISTOL MYERS
SQUIBB CO 110122108 239 4700 SH DEFINED 2700 2000 0
BULL RUN CORP
GEORGIA 120182100 2 3400 SH SOLE 3400 0 0
BURLINGTON
NORTHERN/SANTA FE
CORP 12189T104 26 930 SH SOLE 930 0 0
CLECO CORP COM 12561W105 8 400 SH SOLE 400 0 0
CITGO 0380600014 130990104 0 1 PRN SOLE 1 0 0
CITGO 0380600011 131990103 0 1 PRN SOLE 1 0 0
CITGO 03806000010 132990102 0 1 PRN SOLE 1 0 0
CABE LAND COMPANY
AKA CABIE CATTLE
CO. 133005991 1449 17672 SH SOLE 12586 0 5086
CAMPBELL SOUP CO COM 134429109 11 400 SH SOLE 0 0 400
CITGO 0380600015 134990100 0 1 PRN SOLE 1 0 0
CABE/LONG MANAGEMENT 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 371 6895 SH SOLE 2095 0 4800
CARDINAL HEALTH INC COM 14149Y108 28 447 SH SOLE 0 0 447
CATERPILLAR INC 149123101 494 9455 SH SOLE 9455 0 0
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 100 0 0
CHUBB CORPORATION 171232101 379 5500 SH SOLE 5500 0 0
COCA COLA CO 191216100 170 36905 SH SOLE 29300 1000 6605
COCA COLA CO 191216100 29 6350 SH DEFINED 350 0 6000
COLGATE-PALMOLIVE CO 194162103 25 4773 SH SOLE 4773 0 0
COLGATE-PALMOLIVE CO 194162103 1 200 SH DEFINED 0 0 200
COMCAST 200300200 e 800 SH DEFINED 0 800 Q
COMPAQ COMPUTER CORP 204493100 203 20815 SH SOLE 20115 0 700
COMPUTER ASSOC INTL
INC COM 204912109 27 800 SH SOLE 800 0 0
CONAGRA FOODS INC COM 205887102 14 600 SH SOLE 600 0 0
CONAGRA FOODS INC COM 205887102 4 200 SH DEFINED 200 0 0
CONECTIV INC COM 206829103 16 675 SH SOLE 675 0 0
CONSECO STRATEGIC
INC FD SH BEN INT 20B47A102 8 866 SH SOLE 866 0 0
CONSOLIDATED EDISON
INC COM 209115104 56 1400 SH SOLE 1400 0 0
CONSTELLATION
ENERGY CORP 210371100 10 400 SH DEFINED 400 0 0
CORNING INC 219350105 16 1800 SH SOLE 1800 0 0
DPL INC COM 233293109 47 1985 SH SOLE 1985 0 0
DANA CORP 235811106 12 866 SH SOLE 866 0 0
DELTA AIRLINES INC 247361108 5 200 SH SOLE 200 0 0
DELTIC TIMBER INC 247850100 509 1B604 SH SOLE 18604 0 0
DELTIC TIMBER INC 247850100 17693 645971 SH DEFINED 0 645543 428
DIAMOND OFFSHORE
DRILLING INC 25271C102 1 50 SH SOLE 50 0 0
WALT DISNEY CO 254687106 15 760 SH SOLE 760 0 0
WALT DISNEY CO 254687106 4 200 SH DEFINED 200 0 0
DOW CHEMICAL CO 260543103 1039 30794 SH SOLE 30794 0 0
DOW CHEMICAL CO 260543103 16 483 SH DEFINED 483 0 0
DREYFUS MUNICIPAL
BOND FUND 26201Q104 45 3881 SOLE 3881 0 0
DU PONT El D
NEMOURS & CO 263534109 314 7397 SH SOLE 7397 0 0
DUKE ENERGY CORP COM 264399106 237 6054 SH SOLE 6054 0 0
DUKE ENERGY CORP COM 264399106 7 200 SH DEFINED 200 0 0
DYNEX CAP INC COM 26817Q506 0 106 SH DEFINED 106 0 0
NEW
EEX CORP COM 26842V207 0 66 SH SOLE 66 0 0
NEW
EQUINOX-- OPHILIA
TODD 10400 271995367 0 1 PRN SOLE 1 0 0
ALBEMARLE CORP
(ETHYL) 274990100 0 1 PRN SOLE 1 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
-------------- -------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
UNIT AGREEMENT-
SMACKOVERUNIT 275995363 0 1 PRN SOLE 1 0 0
EASTMAN KODAK CO 277461109 30 1050 SH SOLE 1050 0 0
EATON CORP COM 278058102 122 1650 SH SOLE 1650 0 0
A.G. EDWARDS INC 281760108 77 1750 SH SOLE 1750 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 265661104 143 2100 SH SOLE 2100 0 0
EMERSON ELECTRIC CO 291011104 137 2400 SH SOLE 2400 0 0
EMERSON ELECTRIC CO 291011104 19 350 SH DEFINED 350 0 0
ENCORE WIRE CORP COM 292562105 252 20900 SH SOLE 13900 0 7000
ENRON CORP 293561106 0 20 SH DEFINED 20 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 20 229 SH SOLE 229 0 0
ENTERGY ARK INC PFD
$7.80 29364D803 9 100 SH SOLE 100 0 0
ENTERGY ARK INC PFD
$7.40 29364D829 7 90 SH SOLE 90 0 0
ENTERGY ARK INC PFD
$7.88 29364D852 13 145 SH SOLE 145 0 0
ENTERGY CORP 29364G103 207 5298 SH SOLE 4298 0 1000
ENTERGY CORP 29364G103 23 593 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 108 1915 SH SOLE 1915 0 0
FNMA COM 313586109 111 1400 SH SOLE 1400 0 0
FNMA COM 313586109 2 30 SH DEFINED 30 0 0
FEDERAL REALTY INVT
TR SH BEN 313747206 23 1000 SH SOLE 1000 0 0
INT NEW
1ST CENTURY
BANKSHARES 319426102 15 1000 SH SOLE 1000 0 0
FIRST NAT'L
ENTERTAINMENT CORP 320940109 0 388 SH DEFINED 388 0 0
ADV FUND MS TRS 33732A210 9 24 SOLE 24 0 0
1ST TRS ADVAN SER
195 MSTR9 33732C745 32 35 SH SOLE 35 0 0
1ST TRUST ADV UIT
SER 32 MS TRUST 1 337320675 1 5 SOLE 5 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 34412310 162 20050 SH SOLE 20050 0 0
FORD MTR CO CAP TR I TOPRS 9% 345343206 31 1200 SH SOLE 1200 0 0
GAP INC DEL COM 364760108 20 1500 SH SOLE 1500 0 0
GENERAL DYNAMICS
CORP COM 369550108 70 890 SH SOLE 890 0 0
GENERAL ELECTRIC CO 369604103 294 7345 SH DEFINED 2945 0 4400
GENERAL MLS INC COM 370334104 37 720 SH SOLE 720 0 0
GENERAL MLS INC COM 370334104 1 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 32 673 SH SOLE 407 66 200
GENOME THERAPEUTICS
CORP COM 372430108 6 1000 SH SOLE 0 0 1000
GEORGIA PAC CORP 373298108 55 2020 SH SOLE 1620 0 400
GERON CORP COM 374163103 2 300 SH SOLE 300 0 0
SCUDDER GLOBAL
DISCOVERY FD 378947501 12 544 SH SOLE 544 0 0
GLOBAL SPORTS INC 37937A107 0 29 SH SOLE 29 0 0
GOODYEAR TIRE &
RUBBER 382550101 14 618 SH SOLE 92 0 526
GREAT LAKES CHEM
CORP COM 390568103 43 1785 SH DEFINED 0 1785 0
GUARANTY BANCSHARES
INC TEX COM 400764106 2 200 SH SOLE 0 0 200
GUIDANT CORP COM 401698105 204 4100 SH SOLE 4000 0 100
HCB BANCSHARES INC COM 40413N106 18 1500 SH SOLE 1500 0 0
HARRIS
SHORT/INTERMEDIATE BOND 40429960R 69 6778 SH SOLE 677B 0 0
CL I
BURNS/PERKIS
OIL/GAS11-1999 408995363 0 1 PRN SOLE 1 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
-------------- --------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
HANCOCK FABRICS 409900107 21 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO CAP
VALUE 410120109 124 2897 SH SOLE 2897 0 0
HARRIS CORP 413675105 45 1494 SH SOLE 1494 0 0
HARRIS EQUITY
INCOME FUND 41454810R 82 5025 SH SOLE 5025 0 0
HARTFORD FNCL SV
GRP INC COM 416515104 12 200 SH DEFINED 200 0 0
HASBRO, INC 418056107 12 787 SH DEFINED 787 0 0
HATTERAS INCOME
SECS INC COM 419025101 2 200 SH SOLE 200 0 0
HEWLETT PACKARD CO 428236103 193 9422 SH SOLE 6622 0 2800
HIBERNIA CORP 428656102 6398 359886 SH SOLE 358986 0 900
HIBERNIA CORP 428656102 16 900 SH DEFINED 900 0 0
HIGHLANDS INS GROUP 431032101 1 12000 SH SOLE 12000 0 0
HOME DEPOT 437076102 1009 19797 SH SOLE 15322 4050 425
HOME DEPOT 437076102 78 1532 SH DEFINED 882 0 650
HOMEFED CORP NEW COM 43739D208 3 4028 SH DEFINED 0 4028 0
HOPEWELL HLDGS
LTD SPONSORED 439555301 8 14600 SH DEFINED 0 14600 0
ADR
HUBBELL INC CL B 443510201 29 1000 SH SOLE 1000 0 0
ICN PHARMACEUTICALS
INC NEW COM 448924100 17 525 SH SOLE 0 0 525
INS MUN-INC TRS 198 45808G723 0 B SOLE 5 0 0
UTS INSURED MUNI
INC TRS#297 45808V266 7 10 DEFINED 0 10 0
INS MUN-INC TRS 116 458084837 1 6 SOLE 6 0 0
INTEL CORP CAP 458140100 1307 41564 SH SOLE 37814 2700 1050
INTEL CORP CAP 458140100 139 4430 SH DEFINED 230 0 4200
IBM CORP 459200101 4023 33263 SH SOLE 29993 400 2870
IBM CORP 459200101 154 1275 SH DEFINED 475 800 0
INTL PAPER CO 460146103 118 2948 SH SOLE 2898 0 50
INTL PAPER CO 460146103 58 1450 SH DEFINED 150 1100 200
JANUS WORLDWID FUND
#41 471023309 28 661 SH SOLE 661 0 0
JEFFERSON PILOT
CORPORATION 475070108 20 450 SH DEFINED 0 0 450
JOHNSON & JOHNSON 478160104 3192 54026 SH SOLE 53626 0 400
JOHNSON & JOHNSON 478160104 556 9420 SH DEFINED 4620 1200 3600
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 2 SH SOLE 25 0 0
LION OIL 68-0261 RI
& ORI 493990105 0 PRN SOLE 1 0 0
LION OIL 05-0260
680260(246) 493995369 0 PRN SOLE 1 0 0
LION OIL 48-0260 RI
& ORI 494990104 0 PRN SOLE 1 0 0
LION OIL 05-0261
(DRIP) 494995368 0 PRN SOLE 1 0 0
LION OIL CO #18-1896 496990102 0 PRN SOLE 1 0 0
WICKFORD ENERGY
DO#9601100 498990100 0 PRN SOLE 1 0 0
LTV CORP *W EXP 501921126 0 SH SOLE 0 0 1
06/28/1998
LTV CORP 1.25 SERIES 502210800 0 1 SH SOLE 0 0 14
LEAR CORP COM 521865105 3 100 SH SOLE 100 0 0
LEXMARK INTL NEW CL A 529771107 71 1210 SH SOLE 1210 0 0
COLONIAL TAX EXEMPT
FUND A 53054410R 0 28 SOLE 28 0 0
LOUSIANA COMPANIES 540000999 0 36 SH SOLE 0 0 36
MERLIN MORRIS FARMS
INC. 546001991 2 2679 SH SOLE 2679 0 0
LOUISIANA PAC CORP COM 546347105 8 1016 SH SOLE 1016 0 0
MCDONALD'S CORP 580135101 95 3600 SH SOLE 3600 0 0
MCDONALD'S CORP 580135101 15 600 SH DEFINED 0 0 600
MEDTRONIC INC COM 585055106 74 1460 SH SOLE 1460 0 0
MELLON FINL CORP 58551A108 37 1000 SH SOLE 200 0 800
MERCK & CO INC 589331107 2119 36052 SH SOLE 33027 250 2775
MERCK & CO INC 589331107 236 4025 SH DEFINED 1675 400 1950
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
-------------- --------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
MERRILL LYNCH CORP
BD FD INCHI INCOME
CL A 590907101 12 2536 SH SOLE 2536 0 0
METLIFE INC COM 59156R108 64 2049 SH SOLE 2049 0 0
MICROSOFT CORP 594918104 1167 17625 SH SOLE 17075 100 450
MICROSOFT CORP 594918104 26 400 SH DEFINED 0 0 400
MISSISSIPPI CHEMICAL 598001998 0 2 SH SOLE 2 0 0
MINNESOTA MNG & MFG
CO 604059105 137 1166 SH SOLE 1166 0 0
MORRISSEY DEV. CO. 618994156 25 400 SH SOLE 400 0 0
MOTOROLA INC 620076109 300 19993 SH SOLE 17963 0 2030
MOTOROLA INC 620076109 131 8780 SH DEFINED 8480 0 300
THE MUN INSURED
NAT'L TR S5 626223242 0 5 SOLE 5 0 0
MURPHY OIL CORP COM 626717102 4450 52961 SH SOLE 52961 0 0
MURPHY OIL CORP COM 626717102 195279 2323653 SH DEFINED 0 2323653 0
NELSON, THOMAS INC 640376109 2 187 SH SOLE 187 0 0
NICOR INC COM 654086107 33 800 SH SOLE 800 0 0
NOBLE AFFILIATES INC COM 654894104 35 1000 SH SOLE 1000 0 0
NORFOLK SO CORP 655844108 35 1934 SH SOLE 1934 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 107 1780 SH SOLE 0 0 1780
NORTHERN TRUST
COMPANY NTRS 665859104 240 4000 SH DEFINED 0 0 4000
OCCIDENTAL PETE COR
DEL 674599105 13 500 SH SOLE 0 500 0
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 89 1000 SH SOLE 1000 0 0
PPG INDUSTRIES INC 693506107 31 600 SH SOLE 600 0 0
PACIFIC CENTURY
CYBERWORKS 694059106 6 2473 SH DEFINED 0 2473 0
PENNEY J C INC COM 708160106 80 2977 SH SOLE 2977 0 0
PRAIRIE FARMERS
ASSOC RESERVES 711000992 1 1769 SH SOLE 1769 0 0
(BE)
PEOPLES ENERGY CORP COM 711030106 7 200 SH SOLE 200 0 0
PEOPLES ENERGY CORP COM 711030106 18 500 SH DEFINED 500 0 0
PEOPLES HLDG CO COM 711148106 13 367 SH SOLE 367 0 0
GEORGE PATE
COLUMBIA 11/96 712995364 0 1 PRN SOLE 1 0 0
PEPSICO INC COM 713448108 1644 33788 SH SOLE 32455 1333 0
PEPSICO INC COM 713448108 154 3165 SH DEFINED 465 1100 1600
RIVERHILLS CAP CORP {FORM. PT
GIBSON COR 715995361 336 8000 SH SOLE 8000 0 0
PFIZER INC 717081103 3853 96716 SH SOLE 92966 300 3450
PFIZER INC 717081103 131 3300 SH DEFINED 2400 0 900
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS DODGE CORP COM 717265102 16 500 SH DEFINED 500 0 0
PHILIP MORRIS COS
INC COM 718154107 95 2075 SH SOLE 2075 0 0
PHILLIPS PETE CO 718507106 131 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 SOLE 1 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 16 300 SH DEFINED 300 0 0
PRICE T ROWE TX FR
HI YLD FD DCOM 741486104 8 768 SOLE 768 0 0
PROCTER & GAMBLE CO COM 742718109 634 8017 SH SOLE 7667 250 100
PROCTER & GAMBLE CO COM 742718109 418 5290 SH DEFINED 1400 640 3250
QLOGIC CORP COM 747277101 11 250 SH SOLE 250 0 0
RH DONNELLEY CORP 74955W307 1 60 SH SOLE 60 0 0
RELIANT ENERGY INC 75952J108 135 5123 SH SOLE 3323 1200 600
RELIANT ENERGY INC 75952J108 ne 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
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
-------------- --------- ----- -------- ------- --- ---- ------- -------- ------ ------ -----
ROUSE CO COM 779273101 2 100 SH SOLE 100 0 0
SAFECO CORP COM 786429100 31 1000 SH SOLE 1000 0 0
SEVEN J STOCK FARM, 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 695 19434 SH SOLE 19434 0 0
SCHERING PLOUGH CORP COM 806605101 787 22000 SH DEFINED 100 19500 2400
SCHLUMBERGER LTD COM 806857108 107 1950 SH SOLE 1750 0 200
SEARS ROEBUCK & CO COM 812387108 91 1920 SH SOLE 1720 0 200
SEARS ROEBUCK & CO COM 812387108 7 167 SH DEFINED 167 0 0
SHELL TRANS &
TRADING PLC NEW YRK SH 822703609 74 1800 SH DEFINED 1800 0 0
NEW
SHERWIN WILLIAMS CO COM 824348106 30 1100 SH SOLE 1100 0 0
SIMMONS 1ST NATL
CORP CL A $5 828730200 289 9021 SH SOLE 9021 0 0
PAR
SIMMONS 1ST NATL
CORP CL A $5 828730200 8 250 SH DEFINED 250 0 0
PAR
SOLUTIA INC COM 834376105 57 4122 SH SOLE 2968 1154 0
SOUTHERN CO COM 842587107 500 19732 SH SOLE 19732 0 0
SOUTHERN CO COM 842587107 92 3670 SH DEFINED 3670 0 0
STILLWELL FINANCIAL
INC 860831106 16 600 SH SOLE 600 0 0
SYSCO CORP 871829107 52 2000 SH SOLE 2000 0 0
TECO ENERGY INC COM 872375100 7 300 SH SOLE 300 0 0
TECO ENERGY INC COM 872375100 20 800 SH DEFINED 800 0 0
TAX EXEMPT BD FD OF
AMERICA 87690210R 14 1210 DEFINED 0 1210 0
TEMPLE INLAND INC COM 879868107 22 400 SH SOLE 400 0 0
TEVA PHARMACEUTICAL
IND ADR'S 881624209 124 2020 SH SOLE 2020 0 0
TIFFANY & CO NEW 886547108 69 2200 SH SOLE 2200 0 0
TOTH ALUMINUM
CORPORATION 891514101 0 100 SH SOLE 0 0 100
TRIBUNE COMPANY 896047107 44 1200 SH SOLE 1200 0 0
SUPPLYFORCE . COM ,
LLC 89902Q997 60 10000 SH SOLE 10000 0 0
TRANS-GULF
PETROLEUM CORP LA CLOSELY 89902X992 0 10 SH SOLE 10 0 0
HELD
SMACKOVER
BANCSHARES INC 899027999 0 673 SH SOLE 673 0 0
FIRST STAUNTOH
BANCSHARES CL-A V 90008J994 0 42 SH SOLE 42 0 0
FIRST STAUNTON
BANCSHARES CL-B NV 9000BK991 0 374 SH SOLE 374 0 0
WHOLESALE ELECTRIC
SUPPLY CO., INC 902027994 5073 47444 SH SOLE 20676 0 26768
TYSON FOODS INC CL A 902494103 8 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 173 15000 SH DEFINED 0 0 15000
USA TRUCK INC
-RESTRICTED 902925106 855 78164 SH SOLE 78164 0 0
USX-U S STL COM 90337T101 9 500 SH SOLE 500 0 0
UNISYS CORP 909214108 6 540 SH SOLE 540 0 0
UNITED AUTO GROUP
INC COM 909440109 260 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 66 2656 SH SOLE 2656 0 0
VAN KAMPEN AMERICAN
CAPITAL PRIME RATE 920914108 75 9029 SH SOLE 9029 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 3053 53070 SH SOLE 50370 1500 1200
WAL MART STORES INC COM 931142103 295 5139 SH DEFINED 1839 3000 300
WALGREEN CO COM 931422109 191 5700 SH SOLE 5700 0 0
WALSH HEALTH CARE
SOLUTIONS INC 937001998 0 3 SH SOLE 0 0 3
WAUSAU-MOSINEE
PAPER CORP CO 943315101 6 550 SH SOLE 550 0 0
WEINGARTEN RLTY INVS SH BEN 948741103 48 1000 SH SOLE 1000 0 0
INT
WESTERN RES INC COM 959425109 3 200 SH SOLE 200 0 0
WEYERHAEUSER CO COM 962166104 205 3800 SH SOLE 3800 0 0
GRAND TOTALS 308688 6597010 3165141 3235275 196594