UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

      Report for the Calendar Year or Quarter Ended: June 30, 2002

      Check here if Amendment [X]; Amendment Number 1

      This Amendment (Check only one): [X] 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:  Cathy S. Freeman

      Title:  Senior Vice President and Corporate Secretary

      Phone:  (662) 680-2084

      Signature, Place, and Date of Signing:

      /s/ Cathy S. Freeman     Tupelo, Mississippi       November 15, 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: 1

      Form 13F Information Table Entry Total:  559

      Form 13F Information Table Value Total:  $338,830
                                                (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.



 No.             Form 13F File Number                         Name
----             --------------------                  -----------------
                                                     
 1                     28-10939                        BancorpSouth Bank




                           FORM 13F INFORMATION TABLE



                                                                                                               VOTING AUTHORITY
                         TITLE 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        2          49   SH            SOLE             1         49       0         0
GLOBAL SANTAFE CORP                  G3930E101      130        4770   SH            SOLE             1       4635       0       135
INGSOLL-RAND CO          CL A        G4776G101      143        3150   SH            SOLE             1       3150       0         0
                         BERMUDA
TRANSOCEAN SEDCO FOREX               G90078109        9         296   SH            SOLE             1        196       0       100
INC
TRANSOCEAN SEDCO FOREX               G90078109        2          77   SH            DEFINED          1         77       0         0
INC
ROYAL CARIBBEAN CRUISES              V7780T103        3         200   SH            SOLE             1        200       0         0
A F L A C  INC                       001055102      153        4800   SH            SOLE             1       4800       0         0
AGL RESOURCES, INC.                  001204106       25        1090   SH            SOLE             1       1090       0         0
AES CORPORATION                      00130H105        5        1000   SH            SOLE             1       1000       0         0
AOL TIME WARNER                      00184A105       88        5995   SH            SOLE             1       5620       0       375
AOL TIME WARNER                      00184A105       13         900   SH            DEFINED          1        900       0         0
AT&T CORP                            001957109      385       36045   SH            SOLE             1      35445       0       600
AT&T CORP                            001957109        6         599   SH            DEFINED          1        599       0         0
AT&T WIRELESS SVCS INC               00209A106       54        9283   SH            SOLE             1       8883       0       400
AT&T WIRELESS SVCS INC               00209A106        1         192   SH            DEFINED          1        192       0         0
ABBOTT LAB                           002824100     1130       30029   SH            SOLE             1      29519       0       510
ABBOTT LAB                           002824100      191        5088   SH            DEFINED          1        200    4288       600
AdAMS EXPRESS CO         COM         006212104      118        9692   SH            SOLE             1       9692       0         0
ADAPTEC INC                          00651F108        3         400   SH            SOLE             1        400       0         0
ADVANCED MICRO DEVICES               007903107       21        2250   SH            SOLE             1       2250       0         0
INC
ADVANCED MICRO DEVICES               007903107        1         200   SH            DEFINED          1        200       0         0
INC
ADVANCED ENVIRON         TCL A       007947104       12        7000   SH            SOLE             1       7000       0         0
RECYCLING
AETNA INC                COM         00817Y108        9         200   SH            DEFINED          1          0       0       200
AGERE SYSTEM INC-A                   00845V100        0         287   SH            SOLE             1        285       0         2
AGERE SYSTEM INC-A                   00845V100        0          22   SH            DEFINED          1         22       0         0
AGILENT TECHNOLOGIES,                00846U101       83        3515   SH            SOLE             1       3515       0         0
INC.
AGILENT TECHNOLOGIES,                00846U101        2         100   SH            DEFINED          1          0       0       100
INC.
AGNICO EAGLE MINES                   008474108        7         500   SH            SOLE             1        500       0         0
ALCOA INC                            013817101      105        3171   SH            SOLE             1       3101       0        70
ALCOA INC                            013817101       13         400   SH            DEFINED          1        400       0         0
ALLEGHENY ENERGY INC                 017361106        5         200   SH            SOLE             1        200       0         0
ALLIANCE CAP MGMT HLDG               01855A101       68        2000   SH            DEFINED          1       2000       0         0
L.P
ALLIED CAP CORP          NEW COM     01903Q108        6         300   SH            SOLE             1        300       0         0
ALLSTATE CORP            COMMON      020002101      221        5992   SH            SOLE             1       5992       0         0
ALLSTATE CORP            COMMON      020002101       22         604   SH            DEFINED          1        310       0       294
ALLTEL CORP                          020039103      242        5164   SH            SOLE             1       5164       0         0
ALLTEL CORP                          020039103      512       10900   SH            DEFINED          1      10900       0         0
AMERICAN ELECTRIC POWER              025537101      178        4460   SH            SOLE             1       3060       0      1400
AMERICAN ELECTRIC POWER              025537101       12         318   SH            DEFINED          1        318       0         0
AMER EXPRESS CO                      025816109      101        2800   SH            SOLE             1       2800       0         0
AMERICAN INTERNATIONAL               026874107       19         284   SH            SOLE             1        284       0         0
GROUP, INC
AMERICAN INTERNATIONAL               026874107       11         175   SH            DEFINED          1        175       0         0
GROUP, INC
AMERUS LIFE HOLDINGS                 03072M108       26         712   SH            SOLE             1        712       0         0
AMGEN INC                            031162100        4         100   SH            SOLE             1        100       0         0
AMGEN INC                            031162100        8         200   SH            DEFINED          1        200       0         0
AMSOUTH BANCORPORATION               032165102     3259      145722   SH            SOLE             1     145722       0         0
ANADARKO PETE CORP                   032511107       72        1464   SH            DEFINED          1          0    1464         0
ANALOG DEVICES INC       COM         032654105        2         100   SH            SOLE             1        100       0         0
ANHEUSER-BUSCH                       035229103     1349       26989   SH            SOLE             1      24384       0      2605
COMPANIES
ANHEUSER-BUSCH                       035229103      180        3600   SH            DEFINED          1       3600       0         0
COMPANIES
ANTHEM INC                           03674B104      105        1565   SH            SOLE             1       1525       0        40
APARTMENT INVT & MGMT    CL A        03748R101       54        1100   SH            SOLE             1       1100       0         0
CO
APPLE COMP INC                       037833100       56        3200   SH            DEFINED          1       3200       0         0
APPLIED MATERIALS INC                038222105      220       11600   SH            SOLE             1      11600       0         0
ARCHER-DANIELS-MIDLAND               039483102        3         279   SH            SOLE             1        279       0         0
COMPANY
ARVINMERITOR                         043353101        4         168   SH            SOLE             1        168       0         0
AUTO DATA PROCESS                    053015103      226        5200   SH            SOLE             1       5200       0         0
AUTO DATA PROCESS                    053015103      139        3200   SH            DEFINED          1       3200       0         0
AUTOZONE                             053332102       57         750   SH            SOLE             1        750       0         0
AUTOZONE                             053332102       40         530   SH            DEFINED          1        530       0         0
AVAYA INC                            053499109        1         235   SH            SOLE             1        235       0         0
AVON PRODUCTS INC        COM         054303102       36         700   SH            SOLE             1        700       0         0
AXA-UAP ADR                          054536107        4         236   SH            SOLE             1        236       0         0
AXCELIS TECHNOLOGIES                 054540109       15        1414   SH            SOLE             1       1414       0         0
INC
BP AMOCO PLC             SPONSORED   055622104      665       13174   SH            SOLE             1      12174       0      1000
                         ADR

BP AMOCO PLC             SPONSORED   055622104      239        4736   SH            DEFINED          1       4736       0         0
                         ADR

BANCORP MS                           05969210X      282       14000   SH            SOLE             1      14000       0         0
BANCORPSOUTH INC                     059692103    16801      831772   SH            SOLE             1     830772       0      1000
BANCORPSOUTH INC                     059692103     2861      141647   SH            DEFINED          1     138381    2592       674
BANKAMERICA CORP         NEW COM     060505104     1536       21836   SH            SOLE             1      21836       0         0
BANKAMERICA CORP         NEW COM     060505104       49         710   SH            DEFINED          1        710       0         0






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE    SHARED     NONE
    ---------------      ---------   --------- --------    --------   ---    ----   ----------   --------  ----    ------     ----
                                                                                             
BANK OF THE OZARKS, INC              063904106     1063       47600   SH            DEFINED         1      47600       0          0
BANK OF NEW YORK                     064057102      147        4375   SH            SOLE            1       4250       0         125
BANK ONE CORP            COM         06423A103      125        3268   SH            SOLE            1       3268       0          0
BANK ONE CORP            COM         06423A103       57        1482   SH            DEFINED         1          0      1482        0
BAXTER INTL INC                      071813109      256        5760   SH            SOLE            1       5680       0         80
BEAR STEARNS COS INC                 073902108      265        4337   SH            SOLE            1       4242       0         95
BED BATH & BEYOND                    075896100        7         200   SH            SOLE            1        200       0          0
BELLSOUTH CORP                       079860102     1143       36317   SH            SOLE            1      36317       0          0
BELLSOUTH CORP                       079860102       16         532   SH            DEFINED         1        532       0          0
BERKSHIRE HATHAWAY "A"               084670108       66           1   SH            SOLE            1          1       0          0
BERKSHIRE HATHAWAY INC   DEL CL B    084670207        6           3   SH            DEFINED         1          3       0          0
BIOGEN N V                           090597105       20         500   SH            SOLE            1        500       0          0
BLACKROCK INVT QUALITY               09247D105       41        3000   SH            SOLE            1       3000       0          0
MUNI TR INC
MF BLACKROCK INCOME                  09247F100       23        3000   SH            SOLE            1       3000       0          0
TRUST
BLACKSTONE INVESTMENT                09247J102       39        4155   SH            SOLE            1       4155       0          0
QUALITY TERM TRUST
BLOCK H & R INC          COM         093671105      167        3630   SH            SOLE            1       3530       0         100
BOEING INC                           097023105      188        4180   SH            SOLE            1       3380       0         800
BOEING INC                           097023105       13         300   SH            DEFINED         1        300       0          0
BOWATER INC                          102183100      198        3660   SH            SOLE            1       3560       0         100
BRISTOL MYERS SQUIBB CO              110122108      628       24463   SH            SOLE            1      24463       0          0
BRISTOL MYERS SQUIBB CO              110122108       38        1500   SH            DEFINED         1       1500       0          0
BURLINGTON                           12189T104       27         930   SH            SOLE            1        930       0          0
NORTHERN/SANTA FE CORP
CBRL GROUP INC           COM         12489V106       88        2900   SH            SOLE            1       2900       0          0
CIGNA CORPORATION                    125509109       43         450   SH            SOLE            1        450       0          0
CLECO CORP               COM         12561W105        8         400   SH            SOLE            1        400       0          0
CADBURY SCHWEPPES PLC    ADR         127209302       36        1200   SH            SOLE            1       1200       0          0
CALLAWAY GOLF CO                     131193104        3         200   SH            SOLE            1          0       0         200
CAMPBELL SOUP CO         COM         134429109       11         400   SH            SOLE            1        400       0          0
CAPITAL ONE FINL CORP    COM         14040H105      537        8800   SH            SOLE            1       8680       0         120
CARDINAL HEALTH INC      COM         14149Y108       27         447   SH            SOLE            1        447       0          0
CATERPILLAR INC                      149123101      205        4200   SH            SOLE            1       3700       0         500
CELL PATHWAYS INC                    15114R101        0         100   SH            SOLE            1        100       0          0
CENDANT CORP             COM         151313103       15        1000   SH            SOLE            1       1000       0          0
CENTURYTEL, INC                      156700106      125        4250   SH            SOLE            1       4250       0          0
CERTEGY INC                          156880106        3         100   SH            SOLE            1        100       0          0
CHARTER COMMUNICATIONS   DEL CL A    16117M107        2         600   SH            SOLE            1        600       0          0
INC

CHECKPOINT SYSTEMS                   162825103       11        1000   SH            SOLE            1       1000       0          0
CHEVRONTEXACO CORP                   166764100     1482       16749   SH            SOLE            1      16694       0         55
CHEVRONTEXACO CORP                   166764100       68         770   SH            DEFINED         1        770       0          0
CHOICEPOINT INC                      170388102        3          80   SH            SOLE            1         80       0          0
CHUBB CORPORATION                    171232101      389        5500   SH            SOLE            1       5500       0          0
CISCO SYS INC                        17275R102      473       33940   SH            SOLE            1      33540       0         400
CISCO SYS INC                        17275R102       34        2500   SH            DEFINED         1       1900       0         600
CITIGROUP, inc                       172967101      764       19738   SH            SOLE            1      19633       0         105
CITIGROUP, inc                       172967101      320        8263   SH            DEFINED         1       8263       0          0
CLEAR CHANNEL                        184502102        3         100   SH            SOLE            1        100       0          0
COMMUNICATIONS

COCA COLA BOTTLING CO    COM         191098102       20         470   SH            SOLE            1        470       0          0
CONS

COCA COLA CO                         191216100     1703       30422   SH            SOLE            1      28622       0        1800
COCA COLA CO                         191216100       84        1500   SH            DEFINED         1        500       0        1000
COCA COLA ENTERPRISES    COM         191219104       86        3900   SH            SOLE            1       3900       0          0
INC

COLGATE-PALMOLIVE CO                 194162103      212        4240   SH            SOLE            1       4240       0          0
COLGATE-PALMOLIVE CO                 194162103       10         200   SH            DEFINED         1          0       0         200
COLONIAL HIGH INCOME     MUNICIPAL   195743109        1         200                 SOLE            1        200       0          0
                         TRUST

COMCAST                              200300200       19         800   SH            DEFINED         1        800       0          0
COMMSCOPE INC                        203372107       12        1000   SH            SOLE            1       1000       0          0
COMPUTER ASSOC INTL INC  COM         204912109       12         800   SH            SOLE            1        800       0          0
COMPUTER SCIENCES        COMMON      205363104        4          99   SH            DEFINED         1          0       0         99
CORPORATION

CONAGRA FOODS INC        COM         205887102       46        1700   SH            SOLE            1       1700       0          0
CONAGRA FOODS INC        COM         205887102        5         200   SH            DEFINED         1        200       0          0
CONECTIV INC             COM         206829103       17         675   SH            SOLE            1        675       0          0
CONEXANT SYS INC         COM         207142100        0         176   SH            SOLE            1        176       0          0
CONOCO INC                           208251504        4         150   SH            SOLE            1        150       0          0
CONSECO                              208464107        1         560   SH            DEFINED         1        560       0          0
CONSECO STRATEGIC INC    FD SH BEN   20847A102        6         866   SH            SOLE            1        866       0          0
                         INT

CONSOLIDATED EDISON      COM         209115104       58        1400   SH            SOLE            1       1400       0          0
INC
COOPER TIRE & RUBBER CO              216831107      430       20953   SH            SOLE            1      19953       0        1000
COOPER TIRE & RUBBER CO              216831107        2         100   SH            DEFINED         1        100       0          0
CYPRESS SEMICONDUCTOR                232806109        7         500   SH            SOLE            1        500       0          0
DPL INC                  COM         233293109       52        1985   SH            SOLE            1       1485       0         500
DANKA BUSINESS SYS PLC   SPONSORED   236277109       17        5000   SH            SOLE            1       5000       0          0
                         ADR

DEERE & CO                           244199105      342        7140   SH            SOLE            1       6995       0         145
DELL COMPUTER                        247025109      513       19645   SH            SOLE            1      19645       0          0
DELL COMPUTER                        247025109       28        1100   SH            DEFINED         1       1100       0          0
DELPHI AUTO SYSTEMS                  247126105        4         343   SH            SOLE            1        343       0          0
DELTA & PINE LD CO       COM         247357106       14         709   SH            SOLE            1        709       0          0
DELTA AIRLINES INC                   247361108        4         200   SH            SOLE            1        200       0          0
DELTIC TIMBER INC                    247850100      523       15188   SH            SOLE            1      15188       0          0
DELTIC TIMBER INC                    247850100    22266      645971   SH            DEFINED         1     242423     403548       0
DIAL CORPORATION                     25247D101       12         600   SH            SOLE            1        600       0          0
DIAMOND OFFSHORE         INC         25271C102        1          50   SH            SOLE            1         50       0          0
DRILLING

WALT DISNEY CO                       254687106       14         760   SH            SOLE            1        760       0          0
WALT DISNEY CO                       254687106       11         600   SH            DEFINED         1        600       0          0
DOMINION RES INC         VA NEW      25746U109      219        3315   SH            SOLE            1       3315       0          0
DONNELLEY RR & SONS                  257867101       22         800   SH            SOLE            1        800       0          0






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE    SHARED     NONE
    ---------------      ---------   --------- --------    --------   ---    ----   ----------   --------  ----    ------     ----
                                                                                             
DOW CHEMICAL CO                      260543103      569       16563   SH            SOLE            1       16563    0          0
DOW CHEMICAL CO                      260543103       16         483   SH            DEFINED         1         483    0          0
DREYFUS STRATEGIC                    261932107       20        2086                 SOLE            1        2086    0          0
MUNICIPALS INC
DREYFUS MUNICIPAL                    26201R102       16        1832                 SOLE            1        1832    0          0
INCOME INC
DREYFUS STRATEGIC MUN                26202F107       25        2841   SH            SOLE            1        2841    0          0
BD FD INC
DU PONT EI D NEMOURS &               263534109      217        4897   SH            SOLE            1        4897    0          0
CO
DU PONT EI D NEMOURS &               263534109       11         250   SH            DEFINED         1         250    0          0
CO
DUKE ENERGY CORP         COM         264399106      178        5754   SH            SOLE            1        5754    0          0
DUN & BRADSTREET NW                  26483e100        9         300   SH            SOLE            1         300    0          0
DYNEX CAP INC            COM NEW     26817q506        0         106   SH            DEFINED         1         106    0          0
EEX CORP                 COM NEW     26842V207        0          66   SH            SOLE            1          66    0          0
EMC CORP                             268648102       31        4200   SH            SOLE            1        4200    0          0
EMC CORP                             268648102       30        4000   SH            DEFINED         1        4000    0          0
ENI S P A                SPONSORED   26874R108       16         200   SH            SOLE            1         200    0          0
                         ADR

E TRADE GROUP INC                    269246104       21        4000   SH            SOLE            1        4000    0          0
EASTMAN KODAK CO                     277461109       29        1000   SH            SOLE            1        1000    0          0
EASTMAN KODAK CO                     277461109        3         125   SH            DEFINED         1         125    0          0
EATON CORP               COM         278058102      109        1500   SH            SOLE            1        1500    0          0
ECHOSTAR COMMUN                      278762109        1         100   SH            SOLE            1         100    0          0
EDWARDS LIFESCIENCES                 28176e108        5         240   SH            SOLE            1         240    0          0
CORP
A. G. EDWARDS INC                    281760108      161        4150   SH            SOLE            1        4025    0         125
EL PASO CORPORATION                  28336l109       64        3149   SH            SOLE            1        3149    0          0
EL PASO CORPORATION                  28336l109        4         200   SH            DEFINED         1           0    0         200
ELAN CORP PLC ADR                    284131208        0         100   SH            SOLE            1         100    0          0
ELECTRONIC DATA SYS                  285661104       30         825   SH            SOLE            1         825    0          0
CORP NEW
EMERSON ELECTRIC CO                  291011104      128        2400   SH            SOLE            1        2400    0          0
EMERSON ELECTRIC CO                  291011104       18         350   SH            DEFINED         1         350    0          0
ENCORE WIRE CORP         COM         292562105      297       20900   SH            SOLE            1       13900    0        7000
ENERGY EAST CORP         COM         29266m109        4         200   SH            SOLE            1         200    0          0
ENGELHARD CORP                       292845104        7         253   SH            DEFINED         1           0    0         253
ENRON CORP                           293561106        0         800   SH            SOLE            1         800    0          0
ENTERASYS NETWORKS INC               293637104        0         200   SH            SOLE            1         200    0          0
ENTERGY CORP                         29364g103      275        6498   SH            SOLE            1        5498    0        1000
ENTERGY CORP                         29364g103       25         593   SH            DEFINED         1         593    0          0
EQUIFAX INC                          294429105        5         200   SH            SOLE            1         200    0          0
EQUITY INNS, INC                     294703103       12        1500   SH            DEFINED         1        1500    0          0
EQUITY RESIDENTIAL                   29476l107       12         436   SH            SOLE            1         436    0          0
PPTYS SBI
EXXON MOBIL CORP                     30231g102     8784      214718   SH            SOLE            1      212773    0        1945
EXXON MOBIL CORP                     30231g102     1267       30976   SH            DEFINED         1       20576   4800      5600
FPL GROUP INC                        302571104      218        3640   SH            SOLE            1        3540    0         100
FREDDIE MAC HMN LN MTG   VOTING COM  313400301       15         250   SH            SOLE            1         250    0          0
CORP

FNMA                     COM         313586109       95        1300   SH            SOLE            1        1300    0          0
FEDERAL REALTY INVT TR   SH BEN      313747206       27        1000   SH            SOLE            1        1000    0          0
                         INT NEW
FEDEX CORPORATION                    31428x106       53        1000   SH            SOLE            1        1000    0          0
FEDEX CORPORATION                    31428X106       13         250   SH            DEFINED         1         250    0          0
FIRST INDL RLTY TR INC               32054K103       14         450   SH            SOLE            1         450    0          0
FIRST M & F CORP                     320744105       32        1293   SH            SOLE            1        1293    0          0
FIRST TENNESSEE                      337162101     2761       72128   SH            SOLE            1       72128    0          0
NATIONAL CORP

FISERV INC                           337738108       96        2630   SH            SOLE            1        2555    0         75
FIVE STAR QUALITY CARE               33832D106        0           8   SH            SOLE            1           8    0          0
INC

FLEET BOSTON CORP                    339030108       60        1877   SH            SOLE            1        1877    0          0
FLUOR CORP                           343412102       11         300   SH            SOLE            1         300    0          0
FLUOR CORP                           343412102        3          96   SH            DEFINED         1          96    0          0
FOAMEX INT'L INC                     344123104      222       20050   SH            SOLE            1       20050    0          0
FORD MOTOR COMPANY       COMMON      345370860      104        6562   SH            SOLE            1        6562    0          0
FORD MOTOR COMPANY       COMMON      345370860       11         700   SH            DEFINED         1         700    0          0
GALLAGHER ARTHUR J & CO              363576109      136        3935   SH            SOLE            1        3825    0         110
GAP INC                  DEL COM     364760108       21        1500   SH            SOLE            1        1500    0          0
GENERAL ELECTRIC CO                  369604103     3711      127818   SH            SOLE            1      127148    0         670
GENERAL ELECTRIC CO                  369604103      120        4145   SH            DEFINED         1        2945    0        1200
GENERAL MLS INC          COM         370334104       22         520   SH            SOLE            1         520    0          0
GENERAL MLS INC          COM         370334104        0          20   SH            DEFINED         1           0    0         20
GEN MTR CORP                         370442105       35         673   SH            SOLE            1         673    0          0
GENOME THERAPEUTICS      COM         372430108        2        1000   SH            SOLE            1           0    0        1000
CORP

GEORGIA PAC CORP                     373298108       49        2020   SH            SOLE            1        2020    0          0
GERON CORP               COM         374163103        1         300   SH            SOLE            1         300    0          0
GILLETTE CO                          375766102      147        4361   SH            SOLE            1        4161    0         200
GILLETTE CO                          375766102      118        3485   SH            DEFINED         1        3485    0          0
GLAXO WELLCOME PLC       SPONSORED   37733W105       28         669   SH            SOLE            1           0    0         669
                         ADR

GLAXO WELLCOME PLC       SPONSORED   37733W105       25         600   SH            DEFINED         1         600    0          0
SPONSORED                ADR
GOODYEAR TIRE & RUBBER               382550101       11         618   SH            SOLE            1         618    0          0
GREAT LAKES CHEM CORP    COM         390568103       47        1785   SH            DEFINED         1        1785    0          0
GREAT PLAINS ENERGY INC              391164100       37        1855   SH            SOLE            1        1855    0          0
GUIDANT CORP             COM         401698105       87        2900   SH            SOLE            1        2900    0          0
HCA- THE HEALTHCARE CO               404119109        7         150   SH            SOLE            1         150    0          0
HCA- THE HEALTHCARE CO               404119109       59        1250   SH            DEFINED         1        1250    0          0
HCB BANCSHARES INC       COM         40413N106       17        1200   SH            SOLE            1        1200    0          0
HRPT PROPERTIES          TRST COM    40426W101        3         400   SH            SOLE            1         400    0          0
                         SBI

HALLIBURTON CO           COM         406216101       13         850   SH            SOLE            1         850    0          0






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE    SHARED     NONE
    ---------------      ---------   --------- --------    --------   ---    ----   ----------   --------  ----    ------     ----
                                                                                             
HALLIBURTON CO           COM         406216101        9         600   SH            DEFINED        1         600      0         0
HANCOCK FABRICS                      409900107       29        1600   SH            SOLE           1        1600      0         0
HANCOCK HLDG CO CAP                  410120109      195        2897   SH            SOLE           1        2897      0         0
VALUE

JOHN HANCOCK                         41014S106        1          34   SH            SOLE           1          34      0         0
HARRIS CORP                          413875105       54        1494   SH            SOLE           1        1494      0         0
HARTFORD FNCL SV GRP     COM         416515104       11         200   SH            DEFINED        1         200      0         0
INC

HASBRO, INC                          418056107       10         787   SH            DEFINED        1         787      0         0
HEALTHSOUTH CORP                     421924101      241       18865   SH            SOLE           1       18365      0        500
HEINZ H J CO             COM         423074103       11         273   SH            SOLE           1         273      0         0
HEWLETT PACKARD CO                   428236103      305       19986   SH            SOLE           1       19986      0         0
HEWLETT PACKARD CO                   428236103        6         400   SH            DEFINED        1           0      0        400
HIBERNIA CORP                        428656102     6655      336500   SH            SOLE           1      335600      0        900
HIBERNIA CORP                        428656102       17         900   SH            DEFINED        1         900      0         0
HIGH INCOME                          42967Q105       15        2500   SH            SOLE           1        2500      0         0
OPPORTUNITY FD
HOME DEPOT                           437076102      727       19822   SH            SOLE           1       19822      0         0
HOME DEPOT                           437076102       56        1532   SH            DEFINED        1        1532      0         0
HONEYWELL INTL INC                   438516106      197        5620   SH            SOLE           1        5620      0         0
HUBBELL INC              CL B        443510201       34        1000   SH            SOLE           1        1000      0         0
ICN PHARMACEUTICALS      NEW COM     448924100       12         525   SH            SOLE           1           0      0        525
INC

ILLINOIS TOOL WORKS INC              452308109        5          76   SH            SOLE           1          76      0         0
ILLINOIS TOOL WORKS INC              452308109       17         250   SH            DEFINED        1         250      0         0
IMATION CORP                         45245A107        1          46   SH            SOLE           1          46      0         0
INTEL CORP               CAP         458140100      687       37634   SH            SOLE           1       37634      0         0
INTEL CORP               CAP         458140100       87        4780   SH            DEFINED        1        3980      0        800
IBM CORP                             459200101     2454       34089   SH            SOLE           1       31329      0       2760
IBM CORP                             459200101       91        1275   SH            DEFINED        1         475     800        0
INTL PAPER CO                        460146103      124        2848   SH            SOLE           1        2848      0         0
INTL PAPER CO                        460146103       63        1450   SH            DEFINED        1         150     1100      200
INTUIT                               461202103      219        4420   SH            SOLE           1        4275      0        145
JDS UNIPHASE CORP        COM         46612J101        0         120   SH            SOLE           1         120      0         0
J P MORGAN CHASE & CO                46625H100       82        2432   SH            SOLE           1        2432      0         0
J P MORGAN CHASE & CO                46625H100       63        1875   SH            DEFINED        1        1875      0         0
JEFFERSON PILOT                      475070108        8         187   SH            SOLE           1         187      0         0
CORPORATION
JOHNSON & JOHNSON                    478160104     2697       51626   SH            SOLE           1       50426      0       1200
JOHNSON & JOHNSON                    478160104      475        9100   SH            DEFINED        1        5000     1200     2900
JOHNSON CONTROLS INC.                478366107      113        1385   SH            SOLE           1        1345      0        40
KLA TENCOR CORP                      482480100        4         100   SH            SOLE           1         100      0         0
K MART CORP              COM         482584109        1        1000   SH            SOLE           1        1000      0         0
KELLOGG CO                           487836108        7         200   SH            SOLE           1         200      0         0
KERR-MCGEE CORPORATION               492386107        1          25   SH            SOLE           1          25      0         0
INC
KIMBERLY-CLARK CORP                  494368103       12         200   SH            SOLE           1         200      0         0
KIMBERLY-CLARK CORP                  494368103       24         400   SH            DEFINED        1         400      0         0
KINDER MORGAN ENERGY                 494550106        7         232   SH            SOLE           1         232      0         0
PARTNERS, L.P.
KROGER CO                            501044101       18         908   SH            SOLE           1         908      0         0
LSI LOGIC CORP           COM         502161102        3         400   SH            SOLE           1         400      0         0
LACLEDE GROUP INC                    505597104        7         300   SH            SOLE           1         300      0         0
LACLEDE GROUP INC                    505597104       21         900   SH            DEFINED        1         900      0         0
ESTEE LAUDER CO                      518439104       21         600   SH            DEFINED        1         600      0         0
LEAR CORP                COM         521865105        4         100   SH            SOLE           1         100      0         0
LEHMAN BROTHERS          COM         524908100      227        3635   SH            SOLE           1        3535      0        100
HOLDINGS
LEVEL 3 COMMUNICATIONS               52729N100       17        6037   SH            SOLE           1        6037      0         0
INC
LEXMARK INTL             NEW CL A    529771107      150        2765   SH            SOLE           1        2690      0        75
THE LIBERTY CORPORATION              530370105      115        2900   SH            SOLE           1        2900      0         0
LIFEPOINT HOSPS INC                  53219L109        2          65   SH            DEFINED        1          65      0         0
ELI LILLY & CO                       532457108      527        9350   SH            SOLE           1        9350      0         0
ELI LILLY & CO                       532457108       84        1500   SH            DEFINED        1        1500      0         0
LINCOLN NATIONAL CORP    IND         534187109       25         600   SH            SOLE           1         600      0         0
LOUISIANA PAC CORP       COM         546347105       10        1016   SH            SOLE           1        1016      0         0
LOWES CO INC                         548661107      489       10790   SH            SOLE           1       10620      0        170
LUCENT TECHNOLOGIES                  549463107       44       27169   SH            SOLE           1       26969      0        200
LUCENT TECHNOLOGIES                  549463107        3        2200   SH            DEFINED        1        2200      0         0
M & T BANK CORP                      55261F104      171        2000   SH            SOLE           1        2000      0         0
MFS INTER INCOME TR SH   INT         55273C107       42        5900   SH            SOLE           1        5900      0         0
BEN
MGNA ENTMT CORP                      559211107        0          20   SH            SOLE           1          20      0         0
MANULIFE FINANCIAL CORP              56501R106      658       23019   SH            SOLE           1       23019      0         0
MARSH & MCLENNAN                     571748102       57         600   SH            SOLE           1         600      0         0
MASCO CORPORATION                    574599106        0          28   SH            SOLE           1          28      0         0
MASSEY ENERGY CORP                   576206106        5         396   SH            SOLE           1         396      0         0
MCCORMICK & CO                       579780206      196        7640   SH            SOLE           1        7430      0        210
MCDATA CORP              CLASS A     580031201        0          73   SH            DEFINED        1          73      0         0
MCDONALD'S CORP                      580135101      102        3600   SH            SOLE           1        3600      0         0
MCGRAW HILL COS INC                  580645109       14         250   SH            DEFINED        1         250      0         0
MEADWESTVACO CORP                    583334107       51        1547   SH            SOLE           1        1547      0         0
MEDTRONIC INC            COM         585055106       51        1195   SH            SOLE           1        1195      0         0
MELLON FINL CORP                     58551A108       31        1000   SH            SOLE           1        1000      0         0
MERCK & CO INC                       589331107     1701       33610   SH            SOLE           1       32310      0       1300
MERCK & CO INC                       589331107      197        3900   sh            defined        1        3400      0        500
MERRILL LYNCH & CO.,                 590188108       12         320   SH            SOLE           1         320      0         0
INC.
METLIFE INC              COM         59156R108       58        2049   SH            SOLE           1        2049      0         0
MICROSOFT CORP                       594918104      944       17270   SH            SOLE           1       16705      0        565
MICROSOFT CORP                       594918104       21         400   SH            DEFINED        1           0      0        400
MICRON TECHNOLOGY                    595112103       40        2000   SH            SOLE           1        2000      0         0
MID-AMERICA APARTMENT                59522J103       26        1000   SH            DEFINED        1        1000      0         0
CMNTYS
MIDAS GROUP INC                      595626102        8         666   SH            SOLE           1         666      0         0
MILLER HERMAN INC        COM         600544100       74        3660   SH            SOLE           1        3660      0         0
MIRANT CORP                          604675108       28        3849   SH            SOLE           1        3849      0         0






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE    SHARED     NONE
    ---------------      ---------   --------- --------    --------   ---    ----   ----------   --------  ----    ------     ----
                                                                                             
MIRANT CORP                          604675108        1         143   SH            DEFINED         1        143      0         0
MISSISSIPPI CHEMICAL                 605288208        1        1492   SH            SOLE            1       1492      0        00
CORP
MOODYS CORP                          615369105       14         300   SH            SOLE            1        300      0         0
MORGAN STANLEY DEAN                  617446448      174        4040   SH            SOLE            1       4040      0         0
WITTER DISCOVER & CO
MORGAN STANLEY DEAN                  617446448       11         260   SH            DEFINED         1        260      0         0
WITTER DISCOVER & CO
MORGAN STANLEY DEAN      HI INCOME   61745P304        1        1700   SH            SOLE            1       1700      0         0
WITTER                   ADV TR II
MOTOROLA INC                         620076109      263       18068   SH            SOLE            1      17968      0        100
MOTOROLA INC                         620076109      108        7466   SH            DEFINED         1       7166      0        300
MULTIMEDIA GAMES INC                 625453105        9         450   SH            SOLE            1        450      0         0
MUNICIPAL MORTGAGE &     GROWTH  SH  62624B101      104        4000   SH            SOLE            1       4000      0         0
EQUITY LLC
MUNIVEST FD INC          COM         626295109       44        5000                 SOLE            1       5000      0         0
MUNIYIELD INSURED                    62630E107       46        3200                 SOLE            1       3200      0         0
MURPHY OIL CORP          COM         626717102     4216       51106   SH            SOLE            1      51106      0         0
MURPHY OIL CORP          COM         626717102   191701     2323653   SH            DEFINED         1    1032683    1290970     0
MYLAN LABORATORIES INC               628530107      206        6578   SH            SOLE            1       6413      0        165
NBC CAP CORP                         628729105      128        3372   SH            SOLE            1       3372      0         0
NCR CORP NEW                         62886E108        2          64   SH            SOLE            1         64      0         0
NASDAQ 100 TRUST                     631100104        5         200   SH            SOLE            1        200      0         0
NELSON, THOMAS INC                   640376109        1         187   SH            SOLE            1        187      0         0
NICOR INC                COM         654086107       25         550   SH            SOLE            1        550      0         0
NIKE INC                 CLASS B     654106103      283        5275   SH            SOLE            1       5150      0        125
NOKIA CORP               SPND ADR    654902204       28        2000   SH            SOLE            1       2000      0         0
NORFOLK SO CORP                      655844108       45        1934   SH            SOLE            1       1934      0         0
NORTEL NETWORK CORP      NEW         656568102        7        5000   SH            SOLE            1       5000      0         0
NORTHERN TRUST COMPANY               665859104       78        1780   SH            SOLE            1       1780      0         0
NTRS

NORTHERN TRUST COMPANY               665859104      176        4000   SH            DEFINED         1       3600      0        400
NTRS

NORTHWESTERN                         668074107        5         330   SH            SOLE            1        330      0         0
CORPORATION

NUVEEN INSD PREMIUM      MUNI FD     6706D8104        4         338                 SOLE            1        338      0         0
INCOME

NUVEEN MUNICIPAL                     67062W103       51        3529                 SOLE            1       3529      0         0
MARKET OPP

OKLAHOMA GAS & ELEC                  670837103       98        4300   SH            SOLE            1       4300      0         0
ENERGY CORP

OKLAHOMA GAS & ELEC                  670837103       16         700   SH            DEFINED         1        700      0         0
ENERGY CORP

NUVEEN MUN VALUE FD INC              670928100       22        2300                 SOLE            1       2300      0         0
NUVEEN QUALITY INCOME                670977107        7         500   SH            SOLE            1        500      0         0
MUNI

NUVEEN INSD M            OPP FD INC  670984103       49        3200                 SOLE            1       3200      0         0
NUVEEN PREMIER                       670988104       23        1565   SH            SOLE            1       1565      0         0
MUNICIPAL INC

OAKWOOD HOMES CORP                   674098207        0         200   SH            SOLE            1        200      0         0
OCCIDENTAL PETE COR DEL              674599105       14         500   SH            SOLE            1        500      0         0
OCEAN ENERGY INC TEX                 67481E106        4         200   SH            SOLE            1        200      0         0
OFFICEMAX INC                        67622M108        5        1000   SH            SOLE            1       1000      0         0
OLIN CORP                            680665205        3         166   SH            DEFINED         1        166      0         0
OMNICOM GROUP                        681919106       13         300   SH            SOLE            1        300      0         0
ORACLE SYSTEMS CORP                  68389X105      121       12850   SH            SOLE            1      12600      0        250
PPG INDUSTRIES INC                   693506107       37         600   SH            SOLE            1        600      0         0
PACIFIC CENTURY                      694059106        5        2473   SH            DEFINED         1       2473      0         0
CYBERWORKS

PACTIV COPR                          695257105       41        1747   SH            SOLE            1       1747      0         0
PALM INC                             696642107        0         519   SH            DEFINED         1          0      0        519
PAYCHEX INC                          704326107        4         150   SH            SOLE            1        150      0         0
PENNEY J C INC           COM         708160106       12         582   SH            SOLE            1        582      0         0
PEOPLES ENERGY CORP      COM         711030106        7         200   SH            SOLE            1        200      0         0
PEOPLES ENERGY CORP      COM         711030106       18         500   SH            DEFINED         1        500      0         0
PEOPLES HLDG CO          COM         711148106       15         367   SH            SOLE            1        367      0         0
PEOPLES HLDG CO          COM         711148106       41        1000   SH            DEFINED         1       1000      0         0
PEPSIAMERICAS INC                    71343P200       59        4000   SH            SOLE            1       4000      0         0
PEPSICO INC              COM         713448108     1691       35098   SH            SOLE            1      34983      0        115
PEPSICO INC              COM         713448108      102        2130   SH            DEFINED         1        430     1100      600
PFIZER INC                           717081103     3370       96305   SH            SOLE            1      96120      0        185
PFIZER INC                           717081103      115        3300   SH            DEFINED         1       2400      0        900
PHARMACIA CORP                       71713U102      650       17381   SH            SOLE            1      16781      0        600
PHARMACIA CORP                       71713U102       81        2180   SH            DEFINED         1       1680      0        500
PHELPS DODGE CORP        COM         717265102        0          20   SH            SOLE            1         20      0         0
PHELPS DODGE CORP        COM         717265102       20         500   SH            DEFINED         1        500      0         0
PHILIP MORRIS COS INC    COM         718154107      280        6425   SH            SOLE            1       6425      0         0
PHILLIPS PETE CO                     718507106      128        2186   SH            SOLE            1       2186      0         0
PLACER DOME INC                      725906101        1         170   SH            SOLE            1        170      0         0
PLUM CREEK TIMBER CO                 729251108       45        1493   SH            SOLE            1       1493      0         0
INC

POTLATCH CORP            COM         737628107        5         150   SH            SOLE            1        150      0         0
PRAXAIR INC              COM         74005P104       17         300   SH            DEFINED         1        300      0         0
PRINCIPAL FINANCIAL                  74251V102       47        1543   SH            SOLE            1       1543      0         0
GROUP

PROCTOR & GAMBLE CO      COM         742718109     1059       11861   SH            SOLE            1      11261      0        600
PROCTOR & GAMBLE CO      COM         742718109      182        2040   SH            DEFINED         1       2040      0         0
PROGRESS ENERGY INC      COM         743263105        6         132   SH            SOLE            1        132      0         0
PRUDENTIAL FINANCIAL                 744320102      155        4672   SH            SOLE            1       4672      0         0
PUBLIC STORAGE, INC                  74460D109        6         180   SH            SOLE            1        180      0         0
REIT

PUTNAM HIGH INCOME CONV  BD FD       746779107        2         400   SH            SOLE            1        400      0         0
PUTNAM MANAGED           INCOME      746823103        3         500                 DEFINED         1          0      0        500
MUNICIPAL                TRUST
QLOGIC CORP              COM         747277101        9         250   SH            SOLE            1        250      0         0
QUALCOMM INC                         747525103        5         200   SH            SOLE            1        200      0         0






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE    SHARED     NONE
    ---------------      ---------   --------- --------    --------   ---    ----   ----------   --------  ----    ------     ----
                                                                                             
QWEST COMMUNICATIONS     COM         749121109        5        2097   SH            SOLE            1        2097      0         0
INTL INC

RH DONNELLEY CORP                    74955W307        1          60   SH            SOLE            1          60      0         0
RALCORP HOLDINGS         NEW COM     751028101        2          66   SH            DEFINED         1           0      0        66
RAYTHEON CO              NEW         755111507       24         600   SH            SOLE            1         600      0         0
REGIONS FNCL CORP                    758940100      426       12150   SH            SOLE            1       10950      0       1200
REGIONS FNCL CORP                    758940100       62        1786   SH            DEFINED         1           0     1786       0
RELIANT ENERGY INC                   75952J108       59        3500   SH            SOLE            1        2900      0        600
RELIANT ENERGY INC                   75952J108      104        6201   SH            DEFINED         1        5863     300       38
REYNOLDS R J TOB HLDGS               76182K105      133        2486   SH            SOLE            1        2421      0        65
INC

RIVERSTONE NETWORKS INC              769320102        0         102   SH            SOLE            1         102      0         0
ROCKWELL INTL CORP       NEW         773903109        3         177   SH            SOLE            1         177      0         0
ROCKWELL COLLINS INC                 774341101        4         177   SH            SOLE            1         177      0         0
ROHM & HAAS CO           COM         775371107        8         200   SH            SOLE            1         200      0         0
ROXIE INC                            780008108        0          65   SH            SOLE            1          65      0         0
ROYAL DUTCH PETE CO      NY REG      780257804      277        5028   SH            SOLE            1        4953      0        75
                         GLD1.25

ROYAL DUTCH PETE CO      NY REG      720857804      176        3200   SH            DEFINED         1        3200      0         0
                         GLD1.25

RUBY TUESDAY INC                     781182100       24        1260   SH            DEFINED         1           0      0       1260
SBC COMMUNICATIONS, INC              78387G103     1654       54243   SH            SOLE            1       54098      0        145
SBC COMMUNICATIONS, INC              78387G103       23         780   SH            DEFINED         1         780      0         0
SAFECO CORP              COM         786429100       30        1000   SH            SOLE            1        1000      0         0
ST JUDE MEDICAL                      790849103      190        2580   SH            SOLE            1        2510      0        70
SARA LEE CORP            COM         803111103       24        1200   SH            SOLE            1        1200      0         0
SCANA CORP               NEW         80589M102      208        6772   SH            SOLE            1        6587      0        185
SCHERING PLOUGH CORP     COM         806605101      454       18484   SH            SOLE            1       18484      0         0
SCHERING PLOUGH CORP     COM         806605101      481       19600   SH            DEFINED         1         100    19500       0
SCHLUMBERGER LTD         COM         806857108       72        1550   SH            SOLE            1        1350      0        200
THE CHARLES SCHWAB CORP              808513105       16        1500   SH            SOLE            1        1500      0         0
SCRIPPS EW INC           NEW CL A    811054204       38         500   SH            SOLE            1         500      0         0
SEARS ROEBUCK & CO       COM         812387108      104        1920   SH            SOLE            1        1920      0         0
SEARS ROEBUCK & CO       COM         812387108        9         167   SH            DEFINED         1         167      0         0
SELIGMAN SELECT MUN FD               816344105       13        1250   SH            SOLE            1        1250      0         0
INC

SEMPRA ENERGY            COM         816851109       33        1503   SH            SOLE            1        1503      0         0
SENIOR HOUSING           TR          81721M109        0          40   SH            SOLE            1          40      0         0
PROPERTIES

SERVICEMASTER COMPANY    COM         81760N109      104        7593   SH            SOLE            1        7593      0         0
SHELL TRANS & TRADING    NEW YRK     822703609       81        1800   sh            DEFINED         1        1800      0         0
PLC                      SH NEW
SHERWIN WILLIAMS CO      COM         824348106       56        1900   SH            SOLE            1        1900      0         0
SIMMONS 1ST NATL CORP    CL A $5     828730200      281        6600   SH            SOLE            1        6600      0         0
                         PAR

SIMMONS 1ST NATL CORP    CL A $5     828730200       10         250   SH            DEFINED         1         250      0         0
                         PAR

SIRIUS SATTELITE RADIO               82966U103       37       10000   SH            SOLE            1       10000      0         0
SMURFIT-STONE                        832727101        7         495   SH            SOLE            1         495      0         0
CONTAINER CORP
SOLUTIA INC              COM         834376105       23        3312   SH            SOLE            1        3312      0         0
SONY CORP                            835699307       53        1000   SH            DEFINED         1        1000      0         0
SOUTHERN CO              COM         842587107      532       19439   SH            SOLE            1       19439      0         0
SOUTHERN CO              COM         842587107       89        3275   SH            DEFINED         1        3275      0         0
SPRINT CORP              COM FON     852061100      583       55000   SH            SOLE            1       55000      0         0
                         GROUP

STEWART ENTERPRISES                  860370105       25        4000   SH            SOLE            1        4000      0         0
STILLWELL FINANCIAL INC              860831106       10         600   SH            SOLE            1         600      0         0
SUN LIFE FINANCIAL                   866796105      343       15729   SH            SOLE            1       15729      0         0
SUN MICROSYSTEMS                     866810104        8        1700   SH            SOLE            1        1700      0         0
SUNGARD DATA SYSTEMS                 867363103      170        6430   SH            SOLE            1        6225      0        205
SUNOCO INC                           86764P109       58        1628   SH            SOLE            1        1628      0         0
SUNTRUST BANKS INC       COM         867914103      115        1704   SH            SOLE            1        1704      0         0
SYNOVUS FINL CORP                    87161C105       30        1125   SH            SOLE            1        1125      0         0
TECO ENERGY INC          COM         872375100        7         300   SH            SOLE            1         300      0         0
TECO ENERGY INC          COM         872375100       19         800   SH            DEFINED         1         800      0         0
TJX COMPANIES                        872540109        1         100   SH            SOLE            1         100      0         0
TXU CORP                             873168108      180        3500   SH            SOLE            1        3500      0         0
TARGET CORP                          87612E106      315        8280   SH            SOLE            1        8100      0        180
TARGET CORP                          87612E106       15         400   SH            DEFINED         1         400      0         0
TELEPHONE &DATA                      879433100      102        1690   SH            SOLE            1        1640      0        50
SYSTEMS INC

TELLABS INC DELAWARE                 879664100        4         800   SH            SOLE            1         800      0         0
TELLABS INC DELAWARE                 879664100        1         200   SH            DEFINED         1         200      0         0
TEMPLE INLAND INC                    879868107       23         400   SH            SOLE            1         400      0         0
TENNECO AUTOMOTIVE NW                880349105        0         150   SH            SOLE            1         150      0         0
TEXAS BIOTECH                        88221T104        0         100   SH            SOLE            1         100      0         0
TEXAS INSTRUMENTS                    882508104       28        1200   SH            SOLE            1        1200      0         0
TEXTRON INCORPORATED     COMM        883203101        4         100   SH            SOLE            1         100      0         0
THOMAS & BETTS CORP      COM         884315102        3         200   SH            SOLE            1         200      0         0
THORNBURG MORTGAGE INC               885218107       11         600   SH            SOLE            1         600      0         0
3 COM CORP                           885535104        1         350   SH            DEFINED         1           0      0        350
TIFFANY & CO             NEW         886547108       77        2200   SH            SOLE            1        2200      0         0
TRIAD HOSPS INC                      89579K109        2          65   SH            DEFINED         1          65      0         0
TRIANGLE                             89589h104        2        1000   SH            SOLE            1        1000      0         0
PHARMACEUTICALS INC
TRIBUNE COMPANY                      896047107       52        1200   SH            SOLE            1        1200      0         0
TRUSTMARK CORP           COM         898402102      702       27498   SH            SOLE            1       27498      0         0
TRUSTMARK CORP           COM         898402102       51        2000   SH            DEFINED         1        2000      0         0
TYCO INTL LTD            NEW COM     902124106        2         200   SH            SOLE            1         200      0         0
TYSON FOODS INC          CL A        902494103       11         750   SH            SOLE            1           0      0        750
TYSON FOODS INC          CL A        904494103      232       15000   SH            DEFINED         1       15000      0         0
USA TRUCK INC  -                     902925106      994       86498   SH            SOLE            1       86498      0         0
RESTRICTED
US BANCORP DEL           NEW         902973304       65        2822   SH            SOLE            1        2822      0         0
UNION PACIFIC CORP                   907818108      107        1705   SH            SOLE            1        1655      0        50






                                                                                                               VOTING AUTHORITY
                         TITLE OF                VALUE     SHRS OR    SH/    PCT/   INVESTMENT    OTHER    -----------------------
    NAMES OF ISSUER       CLASS        CUSIP   [X$1000]    PRN AMT    PRN    CALL   DISCRETION   MANAGERS  SOLE   SHARED     NONE
    ---------------      ---------   --------- --------   ---------   ---    ----   ----------   --------  ----  -------   --------
                                                                                          
UNION PACIFIC CORP                   907818108      249        3950   SH            DEFINED          1       150    3800        0
UNION PLANTERS CORP                  908068109     1299       40164   SH            SOLE             1     40164     0          0
UNION PLANTERS CORP      CONV PFD    908068307       59        1000   SH            SOLE             1      1000     0          0
                         SER E 8%
UNISYS CORP                          909214108        4         540   SH            SOLE             1       540     0          0
UNITED AUTO GROUP INC    COM         909440109      211       10105   SH            SOLE             1     10105     0          0
UNITED STS STL CORP      NEW         912909108        9         500   SH            SOLE             1       500     0          0
VAN KAMPEN INCOME TR                 920957107        2         450                 SOLE             1       450     0          0
VERIZON COMMUNICATIONS               92343V104     1576       39257   SH            SOLE             1     35382     0        3875
VERIZON COMMUNICATIONS               92343V104      121        3028   SH            DEFINED          1      2628     0         400
VIACOM INC               CL B        925524308       79        1785   SH            SOLE             1      1735     0         50
VIACOM INC               CL B        925524308       14         325   SH            DEFINED          1       325     0          0
VISTEON CORP                         92839U107        1          89   SH            SOLE             1        89     0          0
VODAFONE GROUP PLC       NEW         92857W100       56        4164   SH            SOLE             1      4164     0          0
W.P. CAREY & CO., LLC                92930y107       55        2474   SH            SOLE             1      2474     0          0
WACHOVIA CORP 2ND        NEW         929903102      430       11269   SH            SOLE             1     11269     0          0
WACHOVIA CORP 2ND        NEW         929903102       19         500   SH            DEFINED          1       500     0          0
WAL MART STORES INC      COM         931142103     3257       59220   SH            SOLE             1     56170     0        3050
WAL MART STORES INC      COM         931142103      274        4986   SH            DEFINED          1      1886    3000       100
WALGREEN CO              COM         931422109      189        4900   SH            SOLE             1      4900     0          0
WASHINGTON MUTUAL INC                939322103       22         600   SH            SOLE             1       600     0          0
WASTE MANAGEMENT INC     NEW         94106L109      135        5217   SH            SOLE             1      4982     0         235
WASTE MANAGEMENT INC     NEW         94106L109        0           1   SH            DEFINED          1         0     0          1
WEBMD CORP                           94769M105        5        1000   SH            DEFINED          1      1000     0          0
WEINGARTEN RLTY INVS     SH BEN INT  948741103       53        1500   SH            SOLE             1      1500     0          0
WELLPOINT HEALTH                     94973H108      121        1565   SH            SOLE             1      1525     0         40
NETWORKS
WELLS FARGO & CO.        NEW         949746101      267        5345   SH            SOLE             1      5235     0         110
WELLS FARGO & CO.        NEW         949746101       12         250   SH            DEFINED          1       250     0          0
WEYERHAEUSER CO          COM         962166104      242        3800   SH            SOLE             1      3800     0          0
WHITNEY HOLDING CORP     COMMON      966612103       97        3180   SH            SOLE             1      3180     0          0
WILLIAMS COMMUN GRP                  969455104        0        1690   SH            SOLE             1      1690     0          0
WILLIAMS COMPANY         COMMON      969457100       15        2657   SH            SOLE             1      2657     0          0
WORLDCOM, INC.                       98157d106       21      362247   SH            SOLE             1    362247     0          0
WORLDCOM, INC.                       98157d106        0        1675   SH            DEFINED          1      1375     0         300
WORLDCOM INC GA NW MCI               98157D304        0       13687   SH            SOLE             1     13687     0          0
GROUP
WORLDCOM INC GA NW MCI               98157D304        0          40   SH            DEFINED          1        40     0          0
GROUP
WE WRIGLEY JR. COMPANY               982526105       11         200   SH            SOLE             1       200     0          0
WYETH                                983024100      225        4400   SH            SOLE             1      4400     0          0
WYETH                                983024100      158        3100   SH            DEFINED          1      3100     0          0
XM SATELLITE                         983759101      181       25000   SH            SOLE             1     25000     0          0
XCEL ENERGY INC                      98389b100       36        2154   SH            SOLE             1      2154     0          0
ZIMMER HLDGS INC                     98956P102        7         200   SH            DEFINED          1       200     0          0
AMSOUTH BANCORP                      32165102       307      13,724   SH            SOLE                       0     0       13,724
BANCORPSOUTH  INC                    59692103       250      12,373   SH            SOLE                       0     0       12,373
BERKSHIRE HATHAWAY                   84670207        22          10   SH            SOLE                       0     0         10
BEST BUY INC                         86516101         8         210   SH            SOLE                       0     0        210
CITIGROUP INC                        172967101       88       2,250   SH            SOLE                       0     0       2,250
COCA COLA CO                         191216100       67       1,200   SH            SOLE                       0     0       1,200
DISNEY WALT CO DEL                   254687106        4         200   SH            SOLE                       0     0        200
E M C CORP MASS                      268648102        6         800   SH            SOLE                       0     0        800
EATON VANCE TAX MGD                  277911848       36       1,982   SH            SOLE                       0     0        1,982
GENERAL ELECTRIC CO                  369604103      209       7,200   SH            SOLE                       0     0        7,200
HEWLETT-PACKARD CO                   428236103        5         300   SH            SOLE                       0     0        300
INTEL CORP                           458140100       73       4,000   SH            SOLE                       0     0       4,000
JOHNSON & JOHNSON                    478160104        9         174   SH            SOLE                       0     0        174
LSI LOGIC CORP                       502161102        3         300   SH            SOLE                       0     0        300
LUCENT TECH INC                      549463107        1         400   SH            SOLE                       0     0        400
MAGNA-LAB INC CL A                   559235106        0       2,000   SH            SOLE                       0     0       2,000
MCDATA CORP                          580031201        0          29   SH            SOLE                       0     0         29
MICROSOFT CORP                       594918104       45         822   SH            SOLE                       0     0        822
NASDAQ 100 TR                        631100104        4         140   SH            SOLE                       0     0        140
NOKIA CORP ADR                       654902204        1         100   SH            SOLE                       0     0        100
PEOPLES HLDG CO                      711148106       59       1,439   SH            SOLE                       0     0       1,439
PROCTER & GAMBLE CO                  742718109      154       1,720   SH            SOLE                       0     0       1,720
QWEST COMM INTL INC                  749121109        1         412   SH            SOLE                       0     0        412
RF MICRO DEVICES INC                 749941100        3         400   SH            SOLE                       0     0        400
SMUCKER J M CO NEW                   832696405        1          34   SH            SOLE                       0     0         34
SUN MICROSYSTEMS INC                 866810104        3         600   SH            SOLE                       0     0        600
TAIWAN SEMICONDUCTOR                 874039100        4         300   SH            SOLE                       0     0        300
TEXAS INSTRUMENTS                    882508104        7         300   SH            SOLE                       0     0        300
AFFYMETRIX INC                       00826T108       12         500   SH            SOLE                       0     0        500
AGERE SYS INC                        00845V100        0           4   SH            SOLE                       0     0         4
AGERE SYS INC                        00845V209        0         105   SH            SOLE                       0     0        105
CISCO SYS INC                        17275R102       11         800   SH            SOLE                       0     0        800
GOLDMAN SACHS GROUP                  38141G104       11         150   SH            SOLE                       0     0        150
JDS UNIPHASE CORP                    46612J101        1         200   SH            SOLE                       0     0        200
JUNIPER NETWORKS                     48203R104        1         100   SH            SOLE                       0     0        100
MERISTAR HOSPITALITY                 58984Y103       13         847   SH            SOLE                       0     0        847
WORLDCOM INC GA NEW                  98157D106        1       1,095   SH            SOLE                       0     0       1,095
WORLDCOM INC GA (MCI                 98157D304        0          55   SH            SOLE                       0     0         55
AMDOCS LIMITED                       G02602103        2         325   SH            SOLE                       0     0        325
FLEXTRONICS INTL INC                 Y2573F102        4         600   SH            SOLE                       0     0        600
                                                 ------   ---------                                      ------- -------   -------
GRAND TOTALS                                     338830   7,643,420                                      5771795 1741730   129,895
                                                 ======   =========                                      ======= =======   =======

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