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, 2004
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 12, 2004
---------------------------------------------------------------
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: 614
Form 13F Information Table Value Total: $468,319
(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 SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
DAIMLERCHRYSLER AG ORD D1668R123 2 49 SH SOLE 49 0 0
ACE LIMITED G0070K103 15 369 SH SOLE 228 0 141
COOPER INDUSTRIES, LTD CL A G24182100 10 180 SH SOLE 0 0 180
FRONTLINE LDT F G3682E127 2 100 SH SOLE 100 0 0
INGSOLL-RAND CO CL A G4776G101 482 7125 SH SOLE 5760 0 1365
BERMUDA
NOBLE CORP G65422100 11 300 SH SOLE 300 0 0
ROYAL CARIBBEAN CRUISES V7780T103 8 200 SH SOLE 200 0 0
A F L A C INC 001055102 96 2400 SH SOLE 2400 0 0
AGL RESOURCES, INC 001204106 31 1090 SH SOLE 1090 0 0
AES CORPORATION 00130H105 8 1000 SH SOLE 0 1000 0
AT&T CORP COM NEW 001957505 110 5643 SH SOLE 4798 0 845
AT&T CORP COM NEW 001957505 0 49 SH DEFINED 49 0 0
AT&T WIRELESS SVCS INC 00209A106 96 7055 SH SOLE 6155 0 900
AT&T WIRELESS SVCS INC 00209A106 1 80 SH DEFINED 80 0 0
ABBOTT LAB 002824100 1080 26302 SH SOLE 21874 0 4428
ABBOTT LAB 002824100 197 4800 SH DEFINED 200 4000 600
ADAMS EXPRESS CO COM 006212104 122 9692 SH SOLE 9692 0 0
ADAPTEC INC 00651F108 3 400 SH SOLE 400 0 0
ADVANCED NEUROMODILATION SYS 00757T101 2 80 SH SOLE 0 0 80
ADVANCED MICRO DEVICES INC 007903107 9 600 SH SOLE 600 0 0
ADVANCED MICRO DEVICES INC 007903107 3 200 SH DEFINED 200 0 0
AETNA INC COM 00817Y108 8 100 SH DEFINED 0 0 100
AGILENT TECHNOLOGIES, INC. 00846U101 48 1525 SH SOLE 1525 0 0
AGNICO EAGLE MINES 008474108 7 500 SH SOLE 500 0 0
AIR PRODS & CHEMS INC COM 009158106 16 334 SH SOLE 168 0 166
AIRTRAN HLDGS INC COM 00949P108 3 255 SH DEFINED 255 0 0
ALBERTSONS, INC 013104104 10 485 SH SOLE 0 0 485
ALCOA INC 013817101 210 6083 SH SOLE 4030 0 2053
ALCOA INC 013817101 18 520 SH DEFINED 520 0 0
ALLIANCE CAP MGMT HLDG L P 01855A101 73 2000 SH DEFINED 2000 0 0
ALLIANCE GAMING CORP 01859P609 5 170 SH SOLE 0 0 170
ALLIED CAP CORP NEW COM 01903Q108 9 315 SH SOLE 315 0 0
ALLSTATE CORP COMMON 020002101 646 14229 SH SOLE 10800 0 3429
ALLSTATE CORP COMMON 020002101 33 734 SH DEFINED 440 0 294
ALLTEL CORP 020039103 228 4590 SH SOLE 4590 0 0
ALLTEL CORP 020039103 528 10600 SH DEFINED 10600 0 0
ALTRIA GROUP INC 02209S103 896 16463 SH SOLE 13426 0 3037
ALTRIA GROUP INC 02209S103 13 255 SH DEFINED 255 0 0
AMERICAN EAGLE OUTFITTERS, INC 02553E106 9 340 SH SOLE 200 0 140
AMERICAN ELECTRIC POWER 025537101 158 4803 SH SOLE 1303 0 3500
AMER EXPRESS CO 025816109 196 3800 SH SOLE 3800 0 0
AMERICAN INTERNATIONAL GROUP, 026874107 455 6382 SH SOLE 4110 0 2272
INC
AMERICAN INTERNATIONAL GROUP, 026874107 12 175 SH DEFINED 175 0 0
INC
AMERICREDIT CORP COM 03060R101 3 190 SH DEFINED 190 0 0
AMERUS LIFE HOLDINGS 03072M108 28 712 SH SOLE 712 0 0
AMERISOURCEBERGEN CORP 03073E105 18 345 SH SOLE 214 0 131
AMETEK INC 031100100 8 320 SH SOLE 190 0 130
AMGEN INC 031162100 342 5890 SH SOLE 3966 0 1924
AMGEN INC 031162100 11 200 SH DEFINED 200 0 0
AMSOUTH BANCORPORATION 032165102 1398 59504 SH SOLE 59504 0 0
ANADARKO PETE CORP 032511107 75 1464 SH DEFINED 0 1464 0
ANALOG DEVICES INC COM 032654105 4 100 SH SOLE 100 0 0
ANHEUSER-BUSCH COMPANIES 035229103 885 17354 SH SOLE 15654 0 1700
ANHEUSER-BUSCH COMPANIES 035229103 183 3600 SH DEFINED 3600 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 9 305 SH SOLE 0 0 305
APPLE COMP INC 037833100 86 3200 SH DEFINED 3200 0 0
APPLIED MATERIALS INC 038222105 114 5350 SH SOLE 5350 0 0
AQUANTIVE INC 03839G105 2 280 SH SOLE 0 0 280
ARCH COAL, INC 039380100 10 325 SH SOLE 190 0 135
ARCHER-DANIELS-MIDLAND COMPANY 039483102 4 279 SH SOLE 279 0 0
ARVINMERITOR 043353101 0 44 SH SOLE 44 0 0
ASTORIA FINANCIAL CORP 046265104 4 130 SH SOLE 75 0 55
ASYST TECHNOLOGIES INC 04648X107 6 800 SH SOLE 470 0 330
AUTO DATA PROCESS 053015103 218 5200 SH SOLE 5200 0 0
AUTO DATA PROCESS 053015103 92 2200 SH DEFINED 2200 0 0
AUTOZONE 053332102 17 200 SH SOLE 200 0 0
AUTOZONE 053332102 45 530 SH DEFINED 530 0 0
AVAYA INC 053499109 3 227 SH SOLE 227 0 0
AVON PRODUCTS INC COM 054303102 53 700 SH SOLE 700 0 0
AXA-UAP ADR 054536107 4 236 SH SOLE 236 0 0
BP AMOCO PLC SPONSORED ADR 055622104 463 9052 SH SOLE 8977 0 75
BP AMOCO PLC SPONSORED ADR 055622104 195 3810 SH DEFINED 3810 0 0
BMC SOFTWARE 055921100 15 785 SH SOLE 486 0 299
BAKER HUGHES INC COM 057224107 18 506 SH SOLE 506 0 0
BALDOR ELEC CO COM 057741100 32697 1423467 SH DEFINED 1423467 0 0
BANCO BILBAO VIZCAYA SP ADR 05946K101 3 285 SH SOLE 285 0 0
BANCORPSOUTH INC 059692103 20647 944095 SH SOLE 943095 0 1000
BANCORPSOUTH INC 059692103 2927 133856 SH DEFINED 130590 2592 674
BANK OF AMERICA CORP NEW COM 060505104 710 8772 SH SOLE 6845 0 1927
BANK OF AMERICA CORP NEW COM 060505104 24 300 SH DEFINED 300 0 0
BANK OF THE OZARKS, INC 063904106 2539 92200 SH DEFINED 92200 0 0
BANK OF NEW YORK 064057102 276 8790 SH SOLE 5580 0 3210
BANK ONE CORP COM 06423A103 131 2420 SH SOLE 2420 0 0
VOTING AUTHORITY
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
BANK ONE CORP COM 06423A103 80 1482 SH DEFINED 0 1482 0
BAXTER INTL INC 071813109 258 8360 SH SOLE 6075 0 2285
BEAR STEARNS COS INC 073902108 123 1412 SH SOLE 1357 0 55
BED BATH & BEYOND 075896100 8 200 SH SOLE 200 0 0
BELLSOUTH CORP 079860102 825 29826 SH SOLE 26283 0 3543
BELLSOUTH CORP 079860102 11 400 SH DEFINED 400 0 0
BERKSHIRE HATHAWAY "A" 084670108 93 1 SH SOLE 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 9 3 SH DEFINED 3 0 0
BLACKROCK INVT QUALITY MUNI 09247D105 45 3000 SH SOLE 3000 0 0
TR INC
MF BLACKROCK INCOME TRUST 09247F100 18 2400 SH SOLE 2400 0 0
BLACKSTONE INVESTMENT 09247J102 40 4155 SH SOLE 4155 0 0
QUALITY TERM TRUST
BLOCK H & R INC COM 093671105 28 563 SH SOLE 348 0 215
BOEING INC 097023105 49 1200 SH SOLE 600 0 600
BRINKER INTL INC 109641100 15 414 SH SOLE 238 0 176
BRINK'S COMPANY, INC 109696104 4 180 SH SOLE 105 0 75
BRISTOL MYERS SQUIBB CO 110122108 475 19633 SH SOLE 19198 0 435
BRISTOL MYERS SQUIBB CO 110122108 48 2000 SH DEFINED 2000 0 0
BROOKLINE BANCORP INC 11373M107 1 84 SH SOLE 50 0 34
BROWN TOM INC NEW 115660201 8 220 SH SOLE 130 0 90
BURLINGTON NORTHERN/SANTA FE 12189T104 10 330 SH SOLE 0 0 330
CORP
CBRL GROUP INC COM 12489V106 40 1025 SH SOLE 975 0 50
CIGNA CORPORATION 125509109 21 360 SH SOLE 225 0 135
CLECO CORP COM 12561W105 10 576 SH SOLE 461 0 115
CSK AUTO CORP 125965103 7 430 SH SOLE 250 0 180
CNET NETWORKS INC 12613R104 1 118 SH SOLE 118 0 0
CVS CORP DELAWARE 126650100 15 434 SH SOLE 269 0 165
CADBURY SCHWEPPES PLC ADR 127209302 38 1200 SH SOLE 1200 0 0
CALLAWAY GOLF CO 131193104 13 710 SH SOLE 300 0 410
CAMPBELL SOUP CO COM 134429109 10 400 SH SOLE 400 0 0
CAPITAL ONE FINL CORP COM 14040H105 196 2600 SH SOLE 2600 0 0
CARAUSTAR INDUSTRIES, INC 140909102 7 615 SH SOLE 363 0 252
CARDINAL HEALTH INC COM 14149Y108 13 200 SH SOLE 200 0 0
CARNIVAL CORP 143658300 16 366 SH SOLE 206 0 160
CATERPILLAR INC 149123101 7 100 SH SOLE 100 0 0
CENDANT CORP COM 151313103 29 1226 SH SOLE 1000 0 226
CENTERPOINT ENERGY INC 15189T107 5 500 SH SOLE 0 0 500
CENTURYTEL, INC 156700106 83 3040 SH SOLE 3040 0 0
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 2 600 SH SOLE 600 0 0
CHECKPOINT SYSTEMS 162825103 18 1000 SH SOLE 1000 0 0
CHEVRONTEXACO CORP 166764100 892 10172 SH SOLE 8588 0 1584
CHEVRONTEXACO CORP 166764100 116 1327 SH DEFINED 1327 0 0
CINERGY 172474108 3 75 SH SOLE 75 0 0
CISCO SYS INC 17275R102 977 41498 SH SOLE 35156 1650 4692
CISCO SYS INC 17275R102 36 1540 SH DEFINED 940 0 600
CITIGROUP, INC 172967101 1013 19607 SH SOLE 16691 0 2916
CITIGROUP, INC 172967101 419 8117 SH DEFINED 8117 0 0
CITIZENS HOLDING COMPANY 174715102 3656 158987 SH SOLE 158987 0 0
CLEAR CHANNEL COMMUNICATIONS 184502102 4 100 SH SOLE 100 0 0
COCA COLA BOTTLING CO CONS COM 191098102 18 370 SH SOLE 370 0 0
COCA COLA CO 191216100 1253 24917 SH SOLE 20437 0 4480
COCA COLA CO 191216100 70 1400 SH DEFINED 400 0 1000
COCA COLA ENTERPRISES INC COM 191219104 57 2400 SH SOLE 2400 0 0
COLGATE-PALMOLIVE CO 194162103 226 4112 SH SOLE 4112 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 0 0 200
COLONIAL BANCGROUP INC 195493309 4 240 SH SOLE 140 0 100
COLUMBIA SPORTSWEAR CO 198516106 4 75 SH SOLE 45 0 30
COMCAST CORP NEW CL 20030N101 28 1005 SH SOLE 1005 0 0
A COM
COMMSCOPE INC 203372107 16 1000 SH SOLE 1000 0 0
COMPUTER SCIENCES CORPORATION COMMON 205363104 3 99 SH DEFINED 0 0 99
COMSTOCK RES INC NEW 205768203 4 205 SH SOLE 0 0 205
CONAGRA FOODS INC COM 205887102 11 415 SH SOLE 0 0 415
CONAGRA FOODS INC COM 205887102 6 245 SH DEFINED 245 0 0
CONEXANT SYS INC COM 207142100 1 176 SH SOLE 176 0 0
CONOCO PHILLIPS 20825C104 401 5748 SH SOLE 4451 0 1297
CONSECO INC NEW 208464883 13 586 SH SOLE 363 0 223
CONSTELLATION ENERGY CORP 210371100 5 150 SH SOLE 150 0 0
COOPER TIRE & RUBBER CO 216831107 325 16173 SH SOLE 15083 0 1090
COOPER TIRE & RUBBER CO 216831107 2 100 SH DEFINED 100 0 0
CORRECTIONS CORP OF AMERICA 22025Y407 5 145 SH SOLE 0 0 145
COSTCO WHOLESALE CORP 22160K105 24 640 SH SOLE 445 0 195
CREDIT SUISSE GROUP ADR 225401108 4 134 SH SOLE 134 0 0
CRESCENT REAL ESTATE EQUITIE COM 225756105 6 345 SH SOLE 200 0 145
CROSS COUNTRY HEALTHCARE, INC 227483104 8 530 SH SOLE 310 0 220
CYTYC CORPORATION 232946103 6 295 SH SOLE 175 0 120
DNP SELECT INCOME FD INC 23325P104 12 1100 SH SOLE 1100 0 0
DTE ENERGY CO 233331107 22 535 SH SOLE 0 0 535
DANAHER CORP DEL COM 235851102 323 3465 SH SOLE 2205 0 1260
DEERE & CO 244199105 103 1500 SH SOLE 1500 0 0
DELL INC 24702R101 730 21737 SH SOLE 18570 0 3167
DELPHI AUTO SYSTEMS 247126105 2 250 SH SOLE 250 0 0
DELTA & PINE LD CO COM 247357106 12 509 SH SOLE 509 0 0
DELTIC TIMBER INC 247850100 224 6324 SH SOLE 6324 0 0
DELTIC TIMBER INC 247850100 22894 645471 SH DEFINED 242423 403048 0
DELUXE CORP 248019101 10 265 SH SOLE 0 0 265
DEVON ENERGY CORP NEW COM 25179M103 4 82 SH SOLE 82 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 3 75 SH SOLE 75 0 0
DIAMONDCLUSTER INTL INC COM 25278P106 1 200 SH SOLE 200 0 0
DIAMONDS 252787106 10 105 SH DEFINED 105 0 0
DIGENE CORP 253752109 3 105 SH SOLE 0 0 105
WALT DISNEY CO 254687106 376 15092 SH SOLE 10688 0 4404
VOTING AUTHORITY
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
DOMINION RES INC VA NEW 25746U109 1 25 SH SOLE 25 0 0
DOW CHEMICAL CO 260543103 84 2100 SH SOLE 2100 0 0
DOW CHEMICAL CO 260543103 19 483 SH DEFINED 483 0 0
DREYFUS STRATEGIC MUNICIPALS 261932107 20 2086 SOLE 2086 0 0
INC
DREYFUS MUNICIPAL INCOME INC 26201R102 19 1832 SOLE 1832 0 0
DU PONT EI D NEMOURS & CO 263534109 216 5120 SH SOLE 3490 0 1630
DUKE ENERGY CORP COM 264399106 70 3114 SH SOLE 3114 0 0
DUKE REALTY CORP 264411505 11 345 SH SOLE 0 0 345
E-LOAN INC 26861P107 3 1000 SH SOLE 1000 0 0
EMC CORP 268648102 54 4000 SH SOLE 3650 350 0
EMC CORP 268648102 51 3800 SH DEFINED 3800 0 0
ENI S P A SPONSORED ADR 26874R108 11 115 SH SOLE 0 0 115
E TRADE FINANCIAL CORP 269246104 53 4000 SH SOLE 4000 0 0
EASTMAN KODAK CO 277461109 26 1000 SH SOLE 1000 0 0
EASTMAN KODAK CO 277461109 6 234 SH DEFINED 234 0 0
EATON CORP COM 278058102 398 7090 SH SOLE 3170 0 3920
ECHOSTAR COMMUN 278762109 16 500 SH SOLE 500 0 0
EDWARDS LIFESCIENCES CORP 28176E108 7 240 SH SOLE 240 0 0
EL PASO CORPORATION 28336L109 1 166 SH SOLE 166 0 0
ELAN CORP PLC ADR 284131208 2 100 SH SOLE 100 0 0
ELECTRONIC DATA SYS CORP NEW 285661104 7 400 SH SOLE 400 0 0
ELECTRONIC DATA SYS CORP NEW 285661104 5 280 SH DEFINED 280 0 0
EMERSON ELECTRIC CO 291011104 113 1900 SH SOLE 1900 0 0
EMULEX NETWORK SYSTEMS 292475209 7 345 SH SOLE 200 0 145
ENCORE WIRE CORP COM 292562105 792 21300 SH SOLE 900 0 20400
ENTERASYS NETWORKS INC 293637104 0 200 SH SOLE 200 0 0
ENTERGY CORP 29364G103 304 5116 SH SOLE 2116 0 3000
ENTERGY CORP 29364G103 35 593 SH DEFINED 593 0 0
EQUITY INNS, INC 294703103 13 1500 SH DEFINED 1500 0 0
EQUITY RESIDENTIAL PPTYS SBI 29476L107 13 436 SH SOLE 436 0 0
ESTERLINE TECHNOLOGIES CORP 297425100 7 310 SH SOLE 185 0 125
EXXON MOBIL CORP 30231G102 5803 139540 SH SOLE 134297 0 5243
EXXON MOBIL CORP 30231G102 1109 26676 SH DEFINED 16476 4700 5500
FPL GROUP INC 302571104 356 5336 SH SOLE 3445 0 1891
FSI INTERNATIONAL INC 302633102 2 270 SH SOLE 0 0 270
FAIR ISAAC & CO INC 303250104 5 165 SH SOLE 0 0 165
FED HMN LN MTG CORP VOTING 313400301 14 250 SH SOLE 250 0 0
COM
FNMA COM 313586109 103 1394 SH SOLE 1200 0 194
FEDERATED DEPT STORES INC 31410H101 5 95 SH SOLE 0 0 95
FEDEX CORPORATION 31428X106 120 1600 SH SOLE 1600 0 0
FIRST DATA CORP COM 319963104 3 91 SH SOLE 0 0 91
FIRST INDL RLTY TR INC 32054K103 17 450 SH SOLE 450 0 0
FIRST M & F CORP 320744105 43 1293 SH SOLE 1293 0 0
FIRST TENNESSEE NATIONAL CORP 337162101 51 1082 SH SOLE 1082 0 0
FIRSTMERIT CORP 337915102 3 130 SH SOLE 75 0 55
FIRST ENERGY CORP COMMON 337932107 12 328 SH SOLE 198 0 130
FLEET BOSTON CORP 339030108 48 1087 SH SOLE 976 0 111
FORD MOTOR COMPANY COMMON 345370860 27 2030 SH SOLE 1260 0 770
FORD MOTOR COMPANY COMMON 345370860 9 700 SH DEFINED 700 0 0
FOREST LABS 345838106 28 395 SH SOLE 266 0 129
FORRESTER RESEARCH INC 346563109 8 440 SH SOLE 260 0 180
40/86 STRATEGIC INCOME FUND 349739102 9 866 SH SOLE 866 0 0
FUELCELL ENERGY INC COM 35952H106 2 200 SH SOLE 200 0 0
FULTON FINANCIAL CORP -PA 360271100 7 355 SH SOLE 205 0 150
FURNITURE BRANDS INTL 360921100 9 310 SH SOLE 185 0 125
GSI COMMERCE INC 36238G102 0 29 SH SOLE 29 0 0
GAP INC DEL 364760108 35 1641 SH SOLE 1500 0 141
COM
GENERAL ELECTRIC CO 369604103 2237 73297 SH SOLE 72922 0 375
GENERAL ELECTRIC CO 369604103 181 5940 SH DEFINED 4740 0 1200
GENERAL MLS INC COM 370334104 14 320 SH SOLE 320 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 51 1095 SH SOLE 540 0 555
GENOME THERAPEUTICS CORP COM 372430108 5 1000 SH SOLE 0 0 1000
GEORGIA PAC CORP 373298108 43 1290 SH SOLE 1290 0 0
GETTY IMAGES INC 374276103 6 115 SH SOLE 0 0 115
GILLETTE CO 375766102 345 8846 SH SOLE 6616 0 2230
GILLETTE CO 375766102 130 3335 SH DEFINED 3335 0 0
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 35 882 SH SOLE 314 0 568
GOLD FIELDS LTD SPONS ADR 38059T106 2 155 SH SOLE 155 0 0
GOLDMAN SACHS GROUP 38141G104 33 322 SH SOLE 178 0 144
GOODYEAR TIRE & RUBBER 382550101 4 526 SH SOLE 526 0 0
GRAFTECH INTERNATIONAL INC 384313102 4 270 SH SOLE 0 0 270
GREAT LAKES CHEM CORP COM 390568103 42 1785 SH DEFINED 1785 0 0
GREAT PLAINS ENERGY INC 391164100 62 1855 SH SOLE 1855 0 0
GUIDANT CORP COM 401698105 154 2444 SH SOLE 2389 0 55
GUITAR CENTER INC 402040109 5 140 SH SOLE 0 0 140
HCA INC. 404119109 52 1297 SH SOLE 1127 0 170
HCC INSURANCE HOLDINGS, INC 404132102 8 265 SH SOLE 155 0 110
HALLIBURTON CO COM 406216101 376 12388 SH SOLE 8185 0 4203
HANCOCK FABRICS 409900107 25 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 268 8690 SH SOLE 8690 0 0
CEF HANCOCK JOHN PFD 41013X106 10 400 SH SOLE 400 0 0
HARLEY DAVIDSON INC COM 412822108 38 716 SH SOLE 482 0 234
HARRIS CORP 413875105 67 1400 SH SOLE 1400 0 0
HARTFORD FNCL SV GRP INC COM 416515104 7 111 SH SOLE 0 0 111
HARTFORD FNCL SV GRP INC COM 416515104 12 200 SH DEFINED 200 0 0
HASBRO, INC 418056107 17 787 SH DEFINED 787 0 0
HEADWATERS INC 42210P102 11 460 SH SOLE 270 0 190
HEINZ H J CO COM 423074103 10 273 SH SOLE 273 0 0
HEWLETT PACKARD CO 428236103 738 32325 SH SOLE 25569 0 6756
HEWLETT PACKARD CO 428236103 9 400 SH DEFINED 0 0 400
VOTING AUTHORITY
--------------------------
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
HIBERNIA CORP 428656102 7097 302278 SH SOLE 300378 0 1900
HIBERNIA CORP 428656102 21 900 SH DEFINED 900 0 0
HIGH INCOME OPPORTUNITY FD 42967Q105 17 2500 SH SOLE 2500 0 0
HILB ROGAL & HAMILTON COMPANY 431294107 6 177 SH SOLE 102 0 75
HOME DEPOT 437076102 866 23183 SH SOLE 20470 0 2713
HOME DEPOT 437076102 57 1532 SH DEFINED 1532 0 0
HOMESTORE INC COM 437852106 0 180 SH SOLE 180 0 0
HUBBELL INC CL B 443510201 40 1000 SH SOLE 0 0 1000
HUDSON UNITED BANCORP 444165104 3 80 SH SOLE 45 0 35
ING PRIME RATE TR SH BEN INT 44977W106 111 13907 SH SOLE 13907 0 0
IKON OFFICE SOLUTIONS INC COM 451713101 7 580 SH DEFINED 580 0 0
ILLINOIS TOOL WORKS INC 452308109 6 76 SH SOLE 76 0 0
IMATION CORP 45245A107 9 245 SH SOLE 145 0 100
IMPERIAL TOBACCO PLC SPON ADR 453142101 3 90 SH SOLE 90 0 0
ING GROEP N V 456837103 19 866 SH SOLE 548 0 318
INPUT/OUTPUT INC 457652105 10 1346 SH SOLE 783 0 563
INTERGRATED CIRCUIT SYSTEMS 45811K208 4 180 SH SOLE 0 0 180
NEW, INC
INTEGRATED DEVICE TECHNOLOGY 458118106 3 225 SH SOLE 0 0 225
INTEGRATED SILICON 45812P107 8 480 SH SOLE 0 0 480
INTEL CORP CAP 458140100 1598 58752 SH SOLE 50389 0 8363
INTEL CORP CAP 458140100 102 3780 SH DEFINED 2980 0 800
IBM CORP 459200101 1398 15227 SH SOLE 11340 0 3887
IBM CORP 459200101 39 425 SH DEFINED 425 0 0
INTL PAPER CO 460146103 373 8845 SH SOLE 5844 0 3001
INTL PAPER CO 460146103 38 900 SH DEFINED 0 900 0
INVESTORS FINANCIAL SERVICE 461915100 4 100 SH SOLE 0 0 100
CORP
IONICS, INC 462218108 9 320 SH SOLE 190 0 130
ITRON INC 465741106 3 170 SH SOLE 100 0 70
JDS UNIPHASE CORP COM 46612J101 0 120 SH SOLE 120 0 0
J P MORGAN CHASE & CO 46625H100 448 10685 SH SOLE 7822 0 2863
J P MORGAN CHASE & CO 46625H100 62 1500 SH DEFINED 1500 0 0
JANUS CAPITAL GROUP INC. 47102X105 9 600 SH SOLE 600 0 0
JEFFERSON PILOT CORPORATION 475070108 11 215 SH SOLE 0 0 215
JOHNSON & JOHNSON 478160104 1941 38273 SH SOLE 36607 0 1666
JOHNSON & JOHNSON 478160104 432 8520 SH DEFINED 4845 1200 2475
JOHNSON CONTROLS INC 478366107 378 6403 SH SOLE 4275 0 2128
JONES APPAREL GROUP INC 480074103 5 145 SH DEFINED 145 0 0
KLA TENCOR CORP 482480100 5 100 SH SOLE 100 0 0
KERR-MCGEE CORPORATION INC 492386107 11 220 SH SOLE 0 0 220
KEYCORP NEW 493267108 22 745 SH SOLE 0 0 745
KEYSPAN CORP COM 49337W100 10 285 SH SOLE 0 0 285
KIMBERLY-CLARK CORP 494368103 24 385 SH SOLE 200 0 185
KIMBERLY-CLARK CORP 494368103 21 340 SH DEFINED 340 0 0
KINDER MORGAN ENERGY 494550106 10 232 SH SOLE 232 0 0
PARTNERS, L.P.
KONINKLIJKE PHLPS ELECTRS N V ADR NEW 500472303 7 242 SH SOLE 95 0 147
SP
KROGER CO 501044101 203 12218 SH SOLE 8088 0 4130
KYOCERA CORP 501556203 4 52 SH SOLE 52 0 0
LSI LOGIC CORP COM 502161102 3 400 SH SOLE 400 0 0
LAFARGE SPONSORED ADR 505861401 3 180 SH SOLE 180 0 0
ESTEE LAUDER CO 518439104 26 600 SH DEFINED 600 0 0
LEHMAN BROTHERS HOLDINGS COM 524908100 335 4045 SH SOLE 2790 0 1255
LEVEL 3 COMMUNICATIONS INC 52729N100 24 6037 SH SOLE 6037 0 0
LEXMARK INTL NEW CL A 529771107 529 5753 SH SOLE 3593 0 2160
THE LIBERTY CORPORATION 530370105 111 2400 SH SOLE 2400 0 0
ELI LILLY & CO 532457108 586 8765 SH SOLE 7390 0 1375
ELI LILLY & CO 532457108 100 1500 SH DEFINED 1500 0 0
LIMITED BRANDS, INC 532716107 28 1425 SH SOLE 515 0 910
LINCOLN NATIONAL CORP IND 534187109 16 344 SH SOLE 0 0 344
LIONBRIDGE TECHNOLOGIES INC 536252109 3 405 SH SOLE 0 0 405
LOCKHEED MARTIN CORP 539830109 4 100 SH SOLE 100 0 0
LOWES CO INC 548661107 246 4400 SH SOLE 4400 0 0
LUCENT TECHNOLOGIES 549463107 85 20705 SH SOLE 19605 0 1100
LUCENT TECHNOLOGIES 549463107 4 1000 SH DEFINED 1000 0 0
M & T BANK CORP 55261F104 179 2000 SH SOLE 2000 0 0
MFS INTER INCOME TR SH BEN 55273C107 6 1000 SH SOLE 1000 0 0
INT
MI DEVS INC 55304X104 7 250 SH DEFINED 250 0 0
MSC INDL DIRECT CO A 553530106 5 170 SH SOLE 0 0 170
MAGELLAN MIDSTREAM PARTNERS LP 559080106 10 200 SH SOLE 200 0 0
MANDALAY RESORT GROUP COM 562567107 4 75 SH DEFINED 75 0 0
MANULIFE FINANCIAL CORP 56501R106 1384 37281 SH SOLE 37281 0 0
MARATHON OIL CORP 565849106 15 448 SH SOLE 0 0 448
MARVEL ENTERPRISES, INC 57383M108 8 427 SH SOLE 0 0 427
MASCO CORPORATION 574599106 238 7826 SH SOLE 4920 0 2906
MATTELL INC 577081102 12 703 SH SOLE 435 0 268
MAXIM INTEGRATED PRODUCTS INC 57772K101 24 513 SH SOLE 356 0 157
MAY DEPARTMENT STORES CO 577778103 12 375 SH SOLE 0 0 375
MAVERICK TUBE CORP 577914104 3 165 SH SOLE 0 0 165
MCDATA CORP CLASS A 580031201 0 73 SH DEFINED 73 0 0
MCDONALD'S CORP 580135101 429 15042 SH SOLE 10992 0 4050
MEADWESTVACO CORP 583334107 43 1547 SH SOLE 1547 0 0
MEDCO HEALTH SOLUTIONS INC 58405U102 23 687 SH SOLE 553 0 134
MEDICINES COMPANY 584688105 5 175 SH SOLE 0 0 175
MEDIMMUNE INC COM 584699102 14 639 SH SOLE 639 0 0
MEDTRONIC INC COM 585055106 17 360 SH SOLE 360 0 0
MELLON FINL CORP 58551A108 25 800 SH SOLE 800 0 0
MERCK & CO INC 589331107 1310 29665 SH SOLE 26490 0 3175
MERCK & CO INC 589331107 55 1250 SH DEFINED 1250 0 0
MERISTAR HOSPITALITY CORP 58984Y103 4 670 SH SOLE 395 0 275
MERRILL LYNCH & CO, INC 590188108 19 320 SH SOLE 320 0 0
METLIFE INC COM 59156R108 90 2529 SH SOLE 2529 0 0
VOTING AUTHORITY
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
METLIFE INC COM 59156R108 6 170 SH DEFINED 170 0 0
MICROSOFT CORP 594918104 631 25313 SH SOLE 24614 0 699
MICROSOFT CORP 594918104 26 1060 SH DEFINED 260 0 800
MICROSTRATEGY INC CLASS A 594972408 3 75 SH SOLE 0 0 75
MID-AMERICA APARTMENT CMNTYS 59522J103 37 1000 SH DEFINED 1000 0 0
MIDAS GROUP INC 595626102 12 666 SH SOLE 666 0 0
MILLER HERMAN INC COM 600544100 71 2705 SH SOLE 2645 0 60
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 58 0 0
MITSUBISHI TOKYO FNCL GROUP ADR 606816106 4 475 SH SOLE 475 0 0
INC SPND
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MONSANTO CO. (NEW) 61166W101 5 150 SH DEFINED 150 0 0
MOODYS CORP 615369105 51 725 SH SOLE 602 0 123
MORGAN STANLEY DEAN WITTER 617446448 471 8232 SH SOLE 6588 0 1644
DISCOVER & CO
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DISCOVER & CO
MOTOROLA INC 620076109 173 9868 SH SOLE 9028 0 840
MOTOROLA INC 620076109 10 600 SH DEFINED 300 0 300
MUNICIPAL MORTGAGE & EQUITY 62624B101 102 4000 SH SOLE 4000 0 0
LLC - GROWTH SH
MUNIVEST FD INC COM 626295109 48 5000 SOLE 5000 0 0
MURPHY OIL CORP COM 626717102 4536 72043 SH SOLE 72043 0 0
MURPHY OIL CORP COM 626717102 292829 4650306 SH DEFINED 2068366 2581940 0
MYLAN LABORATORIES INC 628530107 43 1908 SH SOLE 1908 0 0
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NATIONAL COMM FINL CORP 63545P104 74 2600 SH SOLE 2600 0 0
NEIGHBORCARE INC 64015Y104 4 190 SH SOLE 0 0 190
NEWPORT INC 651824104 3 215 SH SOLE 0 0 215
NEWS CORP LTD ADR 652487703 3 100 SH SOLE 0 0 100
NICOR INC COM 654086107 15 450 SH SOLE 450 0 0
NIKE INC CLASS B 654106103 54 700 SH SOLE 700 0 0
NIPPON TEL & TEL SPON ADR 654624105 4 155 SH SOLE 155 0 0
NOKIA CORP SPND ADR 654902204 56 2786 SH SOLE 2408 0 378
NOBLE ENERGY INC 655044105 47 1000 SH SOLE 1000 0 0
NOMURA HOLDINGS INC ADR 65535H208 4 270 SH SOLE 270 0 0
NORFOLK SO CORP 655844108 31 1434 SH SOLE 1434 0 0
NORTEL NETWORK CORP NEW 656568102 29 5000 SH SOLE 5000 0 0
NORTHERN TRUST COMPANY NTRS 665859104 82 1780 SH SOLE 1780 0 0
NORTHERN TRUST COMPANY NTRS 665859104 167 3600 SH DEFINED 3600 0 0
NORTHRUP GRUMMAN 666807102 3 33 SH SOLE 0 0 33
NORTHWESTERN CORPORATION 668074107 0 330 SH SOLE 330 0 0
NOVARTIS AG SPONSORED ADR 66987V109 3 80 SH SOLE 80 0 0
NOVEN PHARMACEUTICALS 670009109 4 215 SH SOLE 0 0 215
NU SKIN ENTERPRISES INC CLASS A 67018T105 10 497 SH SOLE 293 0 204
NUVEEN INSD PREMIUM INCOME 6706D8104 5 388 SOLE 338 0 0
MUNI FD
NUVEEN MUNICIPAL MARKET OPP 67062W103 53 3529 SOLE 3529 0 0
OKLAHOMA GAS & ELEC ENERGY 670837103 26 1000 SH SOLE 1000 0 0
CORP
NUVEEN QUALITY INCOME MUNI 670977107 7 500 SH SOLE 500 0 0
NUVEEN PREMIER MUNICIPAL INC 670988104 24 1565 SH SOLE 1565 0 0
OSI PHARMACEUTICALS INC COM 671040103 0 5 SH SOLE 5 0 0
OCCIDENTAL PETE COR DEL 674599105 33 735 SH SOLE 500 0 235
OCWEN FINANCIAL CORP 675746101 7 781 SH SOLE 462 0 319
OHIO CASUALTY CORP 677240103 7 385 SH SOLE 225 0 160
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 24 300 SH SOLE 300 0 0
OMNIVISION TECHNOLOGIES 682128103 3 140 SH SOLE 0 0 140
ORACLE SYSTEMS CORP 68389X105 167 13950 SH SOLE 9320 0 4630
PPG INDUSTRIES INC 693506107 38 659 SH SOLE 600 0 59
PACIFIC CAPITAL BANCORP 69404P101 5 131 SH SOLE 76 0 55
PACTIV COPR 695257105 36 1649 SH SOLE 1396 0 253
PATTERSON UTI ENERGY INC 703481101 3 105 SH SOLE 0 0 105
PAYCHEX INC 704326107 5 150 SH SOLE 150 0 0
PCCW LTD SONSORED ADR 70454G207 3 494 SH DEFINED 494 0 0
PENTAIR INC 709631105 9 165 SH SOLE 105 0 60
PEOPLES ENERGY CORP COM 711030106 22 500 SH DEFINED 500 0 0
PEOPLES HLDG CO COM 711148106 43 1300 SH SOLE 1300 0 0
PEPCO HLDGS INC 713291102 6 327 SH SOLE 327 0 0
PEPSIAMERICAS INC 71343P200 81 4000 SH SOLE 4000 0 0
PEPSICO INC COM 713448108 1627 30221 SH SOLE 29956 0 265
PEPSICO INC COM 713448108 114 2130 SH DEFINED 430 1100 600
PETSMART INC 716768106 8 305 SH SOLE 0 0 305
PFIZER INC 717081103 1591 45419 SH SOLE 44703 0 716
PFIZER INC 717081103 189 5417 SH DEFINED 3817 0 1600
PHARMACEUTICAL RES INC 717125108 6 110 SH SOLE 0 0 110
THE PHOENIX COMPANIES 71902E109 14 1051 SH SOLE 1051 0 0
PITNEY BOWES INC COM 724479100 14 330 SH SOLE 220 0 110
PLACER DOME INC 725906101 3 170 SH SOLE 170 0 0
PLUM CREEK TIMBER CO INC 729251108 9 285 SH DEFINED 285 0 0
POPE & TALBOT INC DELAWARE 732827100 5 343 SH SOLE 203 0 140
PORTFOLIO RECOVERY ASSOCIATES 73640Q105 2 95 SH SOLE 0 0 95
INC
POTLATCH CORP COM 737628107 6 150 SH SOLE 150 0 0
POWER TECHNOLOGIES 739363109 8 1140 SH SOLE 665 0 475
PRAXAIR INC COM 74005P104 22 600 SH DEFINED 600 0 0
PRINCIPAL FINANCIAL GROUP 74251V102 43 1221 SH SOLE 1221 0 0
PRIORITY HEALTHCARE INC CL B 74264T102 3 165 SH SOLE 0 0 165
PROCTER & GAMBLE CO COM 742718109 1461 13936 SH SOLE 12616 0 1320
PROCTER & GAMBLE CO COM 742718109 146 1400 SH DEFINED 1400 0 0
PROGRESS ENERGY INC COM 743263105 10 232 SH SOLE 232 0 0
PRUDENTIAL FINANCIAL 744320102 180 4024 SH SOLE 4024 0 0
PUBLIC SVC ENTERPRISE GROUP INC 744573106 5 110 SH SOLE 0 0 110
VOTING AUTHORITY
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
PUBLIC STORAGE, INC REIT 74460D109 8 180 SH SOLE 180 0 0
PUTNAM MANAGED MUNICIPAL 746823103 3 500 DEFINED 0 0 500
INCOME TRUST
PUTNAM MASTER INTER INC R 746909100 7 1150 SH SOLE 1150 0 0
QLOGIC CORP COM 747277101 34 1053 SH SOLE 1053 0 0
QUALCOMM INC 747525103 13 200 SH SOLE 200 0 0
QUANTA SERVICES, INC 74762E102 8 1225 SH SOLE 730 0 495
QWEST COMMUNICATIONS INTL INC COM 749121109 8 1865 SH SOLE 1865 0 0
CEF RMK HIGH INCOME FUND 74963B105 16 1008 SH SOLE 1008 0 0
RADISYS CORP 750459109 3 185 SH SOLE 0 0 185
RALCORP HOLDINGS NEW COM 751028101 2 66 SH DEFINED 0 0 66
RAYOVAC CORP 755081106 9 315 SH SOLE 185 0 130
RAYTHEON CO NEW 755111507 205 6570 SH SOLE 4469 0 2101
RAYTHEON CO NEW 755111507 3 110 SH DEFINED 110 0 0
REGIONS FNCL CORP 758940100 631 17300 SH SOLE 16100 0 1200
REGIONS FNCL CORP 758940100 65 1786 SH DEFINED 0 1786 0
RELIANT RESOURCES INC 75952B105 3 394 SH SOLE 0 0 394
RELIANT RESOURCES INC 75952B105 16 2022 SH DEFINED 2022 0 0
REMINGTON OIL & GAS CORP COM 759594302 15 800 SH SOLE 800 0 0
REYNOLDS R J TOB HLDGS INC 76182K105 11 185 SH SOLE 0 0 185
RIO TINTO GBP 767204100 2 22 SH SOLE 22 0 0
ROCKWELL INTL CORP NEW 773903109 6 177 SH SOLE 177 0 0
ROCKWELL COLLINS INC 774341101 5 177 SH SOLE 177 0 0
ROGERS CORP 775133101 3 65 SH SOLE 0 0 65
ROWAN COMPANIES INC 779382100 7 370 SH SOLE 220 0 150
ROXIE INC 780008108 0 65 SH SOLE 65 0 0
ROYAL DUTCH PETE CO NY REG 780257804 104 2203 SH SOLE 2203 0 0
GLD1.25
ROYAL DUTCH PETE CO NY REG 780257804 152 3200 SH DEFINED 0 0
GLD1.25
RUBY TUESDAY INC 781182100 34 1060 SH DEFINED 0 0 1060
SBC COMMUNICATIONS, INC 78387G103 729 29742 SH SOLE 25188 0 4554
SBC COMMUNICATIONS, INC 78387G103 19 780 SH DEFINED 780 0 0
STANDARD & POORS DEP RECEIPTS 78462F103 10 95 SH DEFINED 95 0 0
ST JUDE MEDICAL 790849103 374 5195 SH SOLE 3300 0 1895
ST PAUL COS INC 792860108 11 275 SH SOLE 0 0 275
ST PAUL COS INC 792860108 6 150 SH DEFINED 150 0 0
SANMINA CORP 800907107 3 306 SH SOLE 306 0 0
SARA LEE CORP COM 803111103 81 3711 SH SOLE 3364 0 347
SCANA CORP NEW 80589M102 7 222 SH SOLE 222 0 0
SCHERING PLOUGH CORP COM 806605101 412 25424 SH SOLE 22864 0 2560
SCHERING PLOUGH CORP COM 806605101 307 19000 SH DEFINED 0 19000 0
SCHLUMBERGER LTD COM 806857108 438 6875 SH SOLE 4940 0 1935
SCRIPPS EW INC NEW CL A 811054204 30 300 SH SOLE 300 0 0
SEARS ROEBUCK & CO COM 812387108 81 1900 SH SOLE 1900 0 0
SEARS ROEBUCK & CO COM 812387108 7 167 SH DEFINED 167 0 0
SELECT COMFORT CORP 81616X103 4 155 SH SOLE 0 0 155
SELECT MEDICAL CORP 816196109 3 210 SH SOLE 0 0 210
SELIGMAN SELECT MUN FD INC 816344105 14 1250 SH SOLE 1250 0 0
SEMTECH CORP 816850101 5 230 SH SOLE 0 0 230
SEMPRA ENERGY COM 816851109 11 365 SH SOLE 0 0 365
SEROLOGICALS CORP 817523103 8 410 SH SOLE 235 0 175
SERVICEMASTER COMPANY COM 81760N109 91 7593 SH SOLE 7593 0 0
SHELL TRANS & TRADING PLC NEW YRK 822703609 71 1800 SH DEFINED 1800 0 0
SH NEW
SHERWIN WILLIAMS CO COM 824348106 21 550 SH SOLE 550 0 0
SIEMENS AG SPONS ADR 826197501 4 55 SH SOLE 55 0 0
SIMMONS 1ST NATL CORP CL A $5 828730200 414 15038 SH SOLE 15038 0 0
PAR
SIMMONS 1ST NATL CORP CL A $5 828730200 13 500 SH DEFINED 500 0 0
PAR
SIRIUS SATTELITE RADIO 82966U103 34 10000 SH SOLE 10000 0 0
SKYWEST INC 830879102 4 215 SH SOLE 0 0 215
SKYWORKS SOLUTIONS 83088M102 0 61 SH SOLE 61 0 0
SMITHFIELD FOODS INC DE 832248108 11 439 SH SOLE 272 0 167
SMUCKER J M CO 832696405 0 7 SH SOLE 7 0 0
SMURFIT-STONE CONTAINER CORP 832727101 8 495 SH SOLE 495 0 0
SNAP ON INC 833034101 7 240 SH SOLE 145 0 95
SOLUTIA INC COM 834376105 0 500 SH SOLE 500 0 0
SONIC WALL INC 835470105 11 1315 SH SOLE 775 0 540
SONY CORP 835699307 41 1000 SH DEFINED 1000 0 0
SOUTHERN CO COM 842587107 396 13003 SH SOLE 13003 0 0
SOUTHERN CO COM 842587107 79 2600 SH DEFINED 2600 0 0
SOUTHWEST AIRLS CO COM 844741108 7 505 SH SOLE 505 0 0
SOUTHWEST BANCORPATION 84476R109 3 85 SH SOLE 0 0 85
SPINNAKER EXPLORATION CO 84855W109 9 265 SH SOLE 155 0 110
SPRINT CORP COM FON 852061100 1044 56670 SH SOLE 56000 0 670
GROUP
SPRINT CORP PCS SR 1 852061506 10 1156 SH SOLE 716 0 440
STANCORP FINANCIAL GROUP 852891100 5 85 SH SOLE 50 0 35
STANLEY WORKS 854616109 12 290 SH SOLE 0 0 290
STARBUCKS CORP 855244109 39 1039 SH SOLE 744 0 295
STEWART ENTERPRISES 860370105 29 4000 SH SOLE 4000 0 0
STONE ENERGY CORP 861642106 8 165 SH SOLE 95 0 70
SUN LIFE FINANCIAL 866796105 360 13417 SH SOLE 13417 0 0
SUN MICROSYSTEMS 866810104 5 1400 SH SOLE 1400 0 0
SUNGARD DATA SYSTEMS 867363103 4 148 SH SOLE 0 0 148
SUNOCO INC 86764P109 49 800 SH SOLE 800 0 0
SUNTRUST BANKS INC COM 867914103 58 843 SH SOLE 843 0 0
SUPER VALU INC 868536103 12 415 SH SOLE 0 0 415
SUPPORTSOFT INC 868587106 4 380 SH SOLE 0 0 380
SYNOVUS FINL CORP 87161C105 27 1125 SH SOLE 1125 0 0
TDC A/S SPONSORED ADR 87236N102 2 115 SH SOLE 115 0 0
TECO ENERGY INC COM 872375100 2 200 SH SOLE 200 0 0
VOTING AUTHORITY
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TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAMES OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- ----- -------- ------- --- ---- ---------- -------- ----- ------ --------
TEPPCO PARTNERS LP 872384102 7 270 SH DEFINED 270 0 0
TTM TECHNOLOGIES 87305R109 2 205 SH SOLE 0 0 205
TXU CORP 873168108 42 1500 SH SOLE 0 0 1500
TARGET CORP 87612E106 398 8848 SH SOLE 6456 0 2392
TARGET CORP 87612E106 18 400 SH DEFINED 400 0 0
TELEFONICA SA SPONSORED ADR 879382208 2 52 SH SOLE 52 0 0
TELLABS INC DELAWARE 879664100 5 600 SH SOLE 600 0 0
TELLABS INC DELAWARE 879664100 1 200 SH DEFINED 200 0 0
TEVA PHARMACEUTICAL IND ADR'S 881624209 23 365 SH SOLE 249 0 116
TEXAS GENCO HOLDINGS INC. 882443104 0 25 SH SOLE 0 0 25
TEXAS GENCO HOLDINGS INC. 882443104 4 128 SH DEFINED 128 0 0
TEXAS INSTRUMENTS 882508104 218 7475 SH SOLE 5255 0 2220
TEXAS INSTRUMENTS 882508104 6 224 SH DEFINED 224 0 0
TEXTRON INCORPORATED COMM 883203101 388 7302 SH SOLE 4665 0 2637
TIFFANY & CO NEW 886547108 83 2200 SH SOLE 2200 0 0
TIME WARNER INC 887317105 474 28160 SH SOLE 27618 0 542
TOTAL FINA ELF S.A. ADR 89151E109 3 40 SH SOLE 40 0 0
TOYOTA MOTOR CORP ADR NEW 892331307 4 60 SH SOLE 60 0 0
TRAVELERS PROPERTY CASUALTY CL A 89420G109 18 1104 SH SOLE 683 0 421
CORP
TRAVELERS PROPERTY CASUALTY CL A 89420G109 5 345 SH DEFINED 345 0 0
CORP
TRAVELERS PPTY & CAS CORP NEW 89420G406 12 709 SH DEFINED 709 0 0
CLASS B
TRIAD HOSPS INC 89579K109 5 175 SH SOLE 105 0 70
TRIBUNE COMPANY 896047107 60 1200 SH SOLE 1200 0 0
TRUSTMARK CORP COM 898402102 590 20336 SH SOLE 20336 0 0
TYCO INTL LTD NEW COM 902124106 15 547 SH SOLE 350 0 197
TYSON FOODS INC CL A 902494103 13 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 98 5470 SH DEFINED 5470 0 0
UCBH HOLDINGS INC 90262T308 4 105 SH SOLE 0 0 105
UST INC COMMON STOCK 902911106 2 77 SH SOLE 0 0 77
USA TRUCK INC -RESTRICTED 902925106 594 61498 SH SOLE 61498 0 0
US BANCORP DEL NEW 902973304 17 644 SH SOLE 288 0 356
ULTRA PETROLEUM CORP-CAD 903914109 9 330 SH SOLE 0 0 330
ULTRATECH STEPPER INC 904034105 6 260 SH SOLE 105 0 155
UNIFI INC 904677101 3 764 SH SOLE 450 0 314
UNILEVER NV NY NEW 904784709 3 54 SH SOLE 54 0 0
UNION PACIFIC CORP 907818108 23 400 SH SOLE 350 0 50
UNION PACIFIC CORP 907818108 227 3800 SH DEFINED 0 3800 0
UNION PLANTERS CORP 908068109 1185 39742 SH SOLE 38997 0 745
UNITED STATIONERS INC 913004107 5 135 SH SOLE 75 0 60
UNITED THERA PEUTICS CORP 91307C102 3 145 SH SOLE 0 0 145
UNOCAL CORP COM 915289102 6 165 SH DEFINED 165 0 0
UNUMPROVIDENT CORP 91529Y106 11 770 SH SOLE 0 0 770
VF CORPORATION 918204108 23 505 SH SOLE 0 0 505
VALASSIS COMMUNICATIONS INC 918866104 4 145 SH SOLE 85 0 60
VARIAN MEDICAL SYSTEMS 92220P105 23 272 SH SOLE 191 0 81
VENTAS INC COM 92276F100 3 140 SH DEFINED 140 0 0
VERIZON COMMUNICATIONS 92343V104 891 24405 SH SOLE 17370 0 7035
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VIAD CORP 92552R109 8 348 SH SOLE 348 0 0
VIACOM INC CL B 925524308 132 3380 SH SOLE 2959 0 421
VIACOM INC CL B 925524308 12 325 SH DEFINED 325 0 0
VISTEON CORP 92839U107 0 75 SH SOLE 75 0 0
VODAFONE GROUP PLC NEW 92857W100 88 3704 SH SOLE 3704 0 0
W.P.CAREY & CO., LLC 92930Y107 76 2474 SH SOLE 2474 0 0
WACHOVIA CORP 2ND NEW 929903102 720 15333 SH SOLE 13284 0 2049
WACHOVIA CORP 2ND NEW 929903102 23 500 SH DEFINED 500 0 0
WAL MART STORES INC COM 931142103 2646 44339 SH SOLE 39869 0 4470
WAL MART STORES INC COM 931142103 350 5876 SH DEFINED 2776 3000 100
WALGREEN CO COM 931422109 91 2775 SH SOLE 2574 0 201
WASHINGTON MUTUAL INC 939322103 52 1232 SH SOLE 600 0 632
WASTE CONNECTIONS INC 941053100 2 70 SH SOLE 0 0 70
WASTE MANAGEMENT INC NEW 94106L109 155 5143 SH SOLE 2525 0 2618
WASTE MANAGEMENT INC NEW 94106L109 9 331 SH DEFINED 330 0 1
WATSON WYATT & CO HLDGS CLASS A 942712100 8 355 SH SOLE 210 0 145
WEINGARTEN RLTY INVS SH BEN 948741103 51 1500 SH SOLE 1500 0 0
INT
WELLS FARGO & CO. NEW 949746101 255 4511 SH SOLE 4135 0 376
WELLS FARGO & CO. NEW 949746101 11 200 SH DEFINED 200 0 0
WEST MARINE INC 954235107 6 215 SH SOLE 0 0 215
WESTAR ENERGY INC 95709T100 4 200 SH SOLE 200 0 0
WESTELL TECHNOLOGIES INC CL A 957541105 3 465 SH SOLE 0 0 465
WEYERHAEUSER CO COM 962166104 32 500 SH SOLE 0 0 500
WHIRLPOOL CORP 963320106 11 160 SH SOLE 0 0 160
WHITNEY HOLDING CORP COMMON 966612103 132 3180 SH SOLE 3180 0 0
WILD OATS MKTS INC 96808B107 9 774 SH SOLE 455 0 319
WISCONSIN ENERGY CORP 976657106 6 190 SH DEFINED 190 0 0
WRIGHT MEDICAL GROUP 98235T107 3 120 SH SOLE 0 0 120
WYETH 983024100 484 12905 SH SOLE 9475 0 3430
WYETH 983024100 11 300 SH DEFINED 300 0 0
XM SATELLITE 983759101 698 25000 SH SOLE 25000 0 0
XCEL ENERGY INC 98389B100 2 154 SH SOLE 154 0 0
XILINX INC 983919101 3 100 SH SOLE 100 0 0
YANKEE CANDLE CO INC 984757104 8 300 SH SOLE 175 0 125
YUM BRANDS INC 988498101 99 2626 SH SOLE 2626 0 0
YUM BRANDS INC 988498101 10 280 SH DEFINED 280 0 0
ZIMMER HLDGS INC 98956P102 34 462 SH SOLE 328 0 134
ZOLL MEDICAL CORP 989922109 9 230 SH SOLE 135 0 95
GRAND TOTALS 468319 10669796 7358263 3033012 278521