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, 2003
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 July 28, 2003
----------------------- --------------------- -----------------
[Signature] [City, State] [Date]
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: 570
Form 13F Information Table Value Total: $410,120
(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.
2
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
DAIMLERCHRYSLER ORD D1668R123 1 49 SH SOLE 49 0 0
RAG
GLOBAL SANTAFE G3930E101 53 2295 SH SOLE 2295 0 0
CORP
INGSOLL-RAND CO G4776G101 297 6297 SH SOLE 5112 0 1185
CL A BERMUDA
NOBLE CORP G65422100 10 300 SH SOLE 300 0 0
TRANSOCEAN SEDCO G90078109 4 196 SH SOLE 196 0 0
FOREX INC
TRANSOCEAN SEDCO G90078109 1 77 SH DEFINED 77 0 0
FOREX INC
ROYAL CARIBBEAN V7780T103 4 200 SH SOLE 200 0 0
CRUISES
A F L A C INC 001055102 73 2400 SH SOLE 2400 0 0
AGL RESOURCES, 001204106 27 1090 SH SOLE 1090 0 0
INC
AES CORPORATION 00130H105 6 1000 SH SOLE 1000 0 0
AOL TIME WARNER 00184A105 473 29407 SH SOLE 29032 0 375
AT&T CORP COM NEW 001957505 107 5593 SH SOLE 5593 0 0
AT&T CORP COM NEW 001957505 2 119 SH DEFINED 119 0 0
AT&T WIRELESS 00209A106 60 7359 SH SOLE 6959 0 400
SVCS INC
AT&T WIRELESS 00209A106 1 192 SH DEFINED 192 0 0
SVCS INC
ABBOTT LAB 002824100 1400 32014 SH SOLE 29114 0 2900
ABBOTT LAB 002824100 218 5000 SH DEFINED 200 4200 600
ADAMS EXPRESS CO COM 006212104 114 9692 SH SOLE 9692 0 0
ADAPTEC INC 00651F108 3 400 SH SOLE 400 0 0
ADVANTEST CORP SPON ADR 00762U101 3 295 SH SOLE 295 0 0
ADVANCED MICRO 007903107 6 1000 SH SOLE 1000 0 0
DEVICES INC
ADVANCED MICRO 007903107 1 200 SH DEFINED 200 0 0
DEVICES INC
AEGEON N V ORD 007924103 2 290 SH SOLE 290 0 0
AETNA INC COM 00817Y108 12 200 SH DEFINED 0 0 200
AGILENT . 00846U101 34 1775 SH SOLE 1775 0 0
TECHNOLOGIES, INC
AGILENT 00846U101 1 100 SH DEFINED 0 0 100
TECHNOLOGIES,
INC.
AGNICO EAGLE 008474108 5 500 SH SOLE 500 0 0
MINES
AIR PRODS & COM 009158106 1 27 SH SOLE 27 0 0
CHEMS INC
ALCOA INC 013817101 157 6161 SH SOLE 4481 0 1680
ALCOA INC 013817101 12 500 SH DEFINED 500 0 0
ALLEGHENY ENERGY 017361106 1 200 SH SOLE 200 0 0
INC
ALLIANCE CAP 01855A101 73 2000 SH DEFINED 2000 0 0
MGMT HLDG L P
ALLIED CAP CORP COM 01903Q108 7 315 SH SOLE 315 0 0
NEW
ALLSTATE CORP COMMON 020002101 167 4707 SH SOLE 4707 0 0
ALLSTATE CORP COMMON 020002101 21 604 SH DEFINED 310 0 294
ALLTEL CORP 020039103 211 4390 SH SOLE 4390 0 0
ALLTEL CORP 020039103 511 10600 SH DEFINED 10600 0 0
ALTRIA GROUP INC 02209S103 567 12483 SH SOLE 10288 0 2195
AMERICAN EAGLE 02553E106 4 220 SH SOLE 220 0 0
OUTFITTERS, INC
AMERICAN 025537101 132 4460 SH SOLE 3060 0 1400
ELECTRIC POWER
AMER EXPRESS CO 025816109 117 2800 SH SOLE 2800 0 0
AMERICAN GROUP, 026874107 298 5403 SH SOLE 3503 0 1900
INTERNATIONAL INC
AMERICAN GROUP, 026874107 9 175 SH DEFINED 175 0 0
INTERNATIONAL INC
AMERICAN ITALIAN CLASS A 027070101 3 80 SH SOLE 80 0 0
PASTA COMPANY
AMERUS LIFE 03072M108 20 712 SH SOLE 712 0 0
HOLDINGS
AMERISOURCEBERGEN 03073E105 325 4690 SH SOLE 3255 0 1435
CORP
AMATEK INC 031100100 2 80 SH SOLE 80 0 0
AMGEN INC 031162100 40 611 SH SOLE 611 0 0
AMGEN INC 031162100 13 200 SH DEFINED 200 0 0
AMSOUTH 032165102 2514 115115 SH SOLE 115115 0 0
BANCORPORATION
AMVESCAP PLC ADR 03235E100 2 210 SH SOLE 210 0 0
ANADARKO PETE 032511107 65 1464 SH DEFINED 0 1464 0
CORP
ANALOG DEVICES COM 032654105 3 100 SH SOLE 100 0 0
INC
ANHEUSER-BUSCH 035229103 1166 22859 SH SOLE 20169 0 2690
COMPANIES
ANHEUSER-BUSCH 035229103 183 3600 SH DEFINED 3600 0 0
COMPANIES
3
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
ANTHEM INC 03674B104 276 3590 SH SOLE 2440 0 1150
APARTMENT INVT & CL A 03748R101 38 1100 SH SOLE 1100 0 0
MGMT CO
APPLE COMP INC 037833100 60 3200 SH DEFINED 3200 0 0
APPLIED 038222105 84 5350 SH SOLE 5350 0 0
MATERIALS INC
AQUILA INC 03840P102 6 2500 SH SOLE 2500 0 0
ARCH COAL, INC 039380100 4 200 SH SOLE 200 0 0
ARCHER-DANIELS-MIDLAND 039483102 3 279 SH SOLE 279 0 0
COMPANY
ARMOR HOLDINGS, 042260109 3 285 SH SOLE 285 0 0
INC
ARVINMERITOR 043353101 0 44 SH SOLE 44 0 0
ASTORIA 046265104 4 155 SH SOLE 155 0 0
FINANCIAL CORP
AUTO DATA PROCESS 053015103 187 5548 SH SOLE 5548 0 0
AUTO DATA PROCESS 053015103 108 3200 SH DEFINED 3200 0 0
AUTOZONE 053332102 15 200 SH SOLE 200 0 0
AUTOZONE 053332102 40 530 SH DEFINED 530 0 0
AVAYA INC 053499109 1 227 SH SOLE 227 0 0
AVON PRODUCTS COM 054303102 43 700 SH SOLE 700 0 0
INC
AXA-UAP ADR 054536107 3 236 SH SOLE 236 0 0
BP AMOCO PLC ADR 055622104 410 9767 SH SOLE 9767 0 0
SPONSORED
BP AMOCO PLC ADR 055622104 199 4736 SH DEFINED 4736 0 0
SPONSORED
BAKER HUGHES INC COM 057224107 16 506 SH SOLE 506 0 0
BALDOR ELEC CO COM 057741100 29286 1422387 SH DEFINED 1422387 0 0
BANCO BILBAO ADR 05946K101 2 285 SH SOLE 285 0 0
VIZCAYA SP
BANCORP MS 05969210X 291 14000 SH SOLE 14000 0 0
BANCORPSOUTH INC 059692103 18683 896511 SH SOLE 895511 0 1000
BANCORPSOUTH INC 059692103 2886 138513 SH DEFINED 135247 2592 674
BANK OF AMERICA NEW COM 060505104 606 7680 SH SOLE 6220 0 1460
CORP
BANK OF AMERICA NEW COM 060505104 23 300 SH DEFINED 300 0 0
CORP
BANK OF THE 063904106 1770 46100 SH DEFINED 46100 0 0
OZARKS, INC
BANK OF NEW YORK 064057102 276 9615 SH SOLE 6755 0 2860
BANK ONE CORP COM 06423A103 89 2420 SH SOLE 2420 0 0
BANK ONE CORP COM 06423A103 55 1482 SH DEFINED 0 1482 0
BAXTER INTL INC 071813109 231 8895 SH SOLE 6855 0 2040
BEAR STEARNS COS 073902108 282 3896 SH SOLE 3166 0 730
INC
BECTON DICKINSON 075887109 16 412 SH SOLE 412 0 0
BED BATH & BEYOND 075896100 7 200 SH SOLE 200 0 0
BELLSOUTH CORP 079860102 998 37494 SH SOLE 34564 0 2930
BELLSOUTH CORP 079860102 10 400 SH DEFINED 400 0 0
BERKSHIRE 084670108 72 1 SH SOLE 1 0 0
HATHAWAY "A"
BERKSHIRE CL B 084670207 7 3 SH DEFINED 3 0 0
HATHAWAY INC DEL
BIOTRANSPLANT COM 09066Y107 0 4400 SH SOLE 4400 0 0
INC
BLACKROCK INVT 09247D105 43 3000 SH SOLE 3000 0 0
QUALITY MUNI TR
INC
MF BLACKROCK 09247F100 18 2400 SH SOLE 2400 0 0
INCOME TRUST
BLACKSTONE QUALITY 09247J102 39 4155 SH SOLE 4155 0 0
INVESTMENT TERM
TRUST
BLOCK H & R INC COM 093671105 17 401 SH SOLE 401 0 0
BOEING INC 097023105 50 1480 SH SOLE 880 0 600
BORG WARNER 099724106 5 82 SH SOLE 82 0 0
AUTOMOTIVE INC
BOSTON SCIENTIFIC 101137107 1 23 SH SOLE 23 0 0
BOWATER INC 102183100 61 1630 SH SOLE 1630 0 0
BRISTOL MYERS 110122108 675 24898 SH SOLE 22853 0 2045
SQUIBB CO
BRISTOL MYERS 110122108 32 1200 SH DEFINED 1200 0 0
SQUIBB CO
BRITISH SKY SPON ADR 111013108 3 70 SH SOLE 70 0 0
BROADCASTING GP
PLC
BROWN TOM INC NEW 115660201 2 105 SH SOLE 105 0 0
BUCKEYE 118255108 10 1500 SH SOLE 1500 0 0
TECHNOLOGY INC
4
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
CBRL GROUP INC COM 12489V106 34 900 SH SOLE 900 0 0
CEC ENTMT INC 125137109 31 850 SH SOLE 850 0 0
CLECO CORP COM 12561W105 7 461 SH SOLE 461 0 0
CSK AUTO CORP 125965103 1 135 SH SOLE 135 0 0
CNET NETWORKS INC 12613R104 0 118 SH SOLE 118 0 0
CADBURY ADR 127209302 29 1200 SH SOLE 1200 0 0
SCHWEPPES PLC
CALLAWAY GOLF CO 131193104 5 385 SH SOLE 185 0 200
CAMPBELL SOUP CO COM 134429109 9 400 SH SOLE 400 0 0
CANON INC ADR 138006309 3 70 SH SOLE 70 0 0
REPSTG 5
SHRS
CAPITAL ONE FINL COM 14040H105 226 4600 SH SOLE 4600 0 0
CORP
CARDINAL HEALTH COM 14149Y108 12 200 SH SOLE 200 0 0
INC
CATERPILLAR INC 149123101 166 3000 SH SOLE 3000 0 0
CENDANT CORP COM 151313103 20 1099 SH SOLE 1099 0 0
CENTERPOINT 15189T107 4 544 SH SOLE 544 0 0
ENERGY INC
CENTURYTEL, INC 156700106 123 3550 SH SOLE 3550 0 0
CHARTER DEL CL A 16117M107 2 600 SH SOLE 600 0 0
COMMUNICATIONS
INC
CHECKPOINT 162825103 14 1000 SH SOLE 1000 0 0
SYSTEMS
CHEVRONTEXACO 166764100 1005 13930 SH SOLE 12695 0 1235
CORP
CHEVRONTEXACO 166764100 95 1327 SH DEFINED 1327 0 0
CORP
CINERGY 172474108 4 114 SH SOLE 114 0 0
CISCO SYS INC 17275R102 607 36207 SH SOLE 32382 0 3825
CISCO SYS INC 17275R102 23 1400 SH DEFINED 800 0 600
CITIGROUP, INC 172967101 801 18737 SH SOLE 16392 0 2345
CITIGROUP, INC 172967101 347 8117 SH DEFINED 8117 0 0
CITIZENS HOLDING 174715102 2663 158987 SH SOLE 158987 0 0
COMPANY
CLEAR CHANNEL 184502102 4 100 SH SOLE 100 0 0
COMMUNICATIONS
COCA COLA COM 191098102 22 420 SH SOLE 420 0 0
BOTTLING CO CONS
COCA COLA CO 191216100 1284 27682 SH SOLE 25422 0 2260
COCA COLA CO 191216100 69 1500 SH DEFINED 500 0 1000
COCA COLA COM 191219104 70 3900 SH SOLE 3900 0 0
ENTERPRISES INC
COLGATE-PALMOLIVE 194162103 238 4112 SH SOLE 4112 0 0
CO
COLGATE-PALMOLIVE 194162103 11 200 SH DEFINED 0 0 200
CO
COLONIAL HIGH MUNICIPAL 195743109 1 200 SOLE 200 0 0
INCOME TRUST
COMCAST CORP NEW CL A 20030N101 250 8315 SH SOLE 8315 0 0
COM
COMCAST CORP NEW CL A 20030N101 5 192 SH DEFINED 192 0 0
COM
COMMSCOPE INC 203372107 9 1000 SH SOLE 1000 0 0
COMPUTER ASSOC COM 204912109 17 800 SH SOLE 800 0 0
INTL INC
COMPUTER COMMON 205363104 3 99 SH DEFINED 0 0 99
SCIENCES
CORPORATION
CONAGRA FOODS INC COM 205887102 4 200 SH DEFINED 200 0 0
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 176 0 0
CONOCO PHILLIPS 20825C104 268 4892 SH SOLE 3992 0 900
CONSECO SH BEN 20847A102 8 866 SH SOLE 866 0 0
STRATEGIC INC FD INT
CONSTELLATION 210371100 5 150 SH SOLE 150 0 0
ENERGY CORP
COOPER TIRE & 216831107 280 15953 SH SOLE 14953 0 1000
RUBBER CO
COOPER TIRE & 216831107 1 100 SH DEFINED 100 0 0
RUBBER CO
CORRECTIONS CORP 22025Y407 0 4 SH DEFINED 4 0 0
OF AMERICA
COSTCO WHOLESALE 22160K105 16 445 SH SOLE 445 0 0
CORP
COX CL A 224044107 3 100 SH DEFINED 100 0 0
COMMUNICATIONS
CYPRESS 232806109 6 500 SH SOLE 500 0 0
SEMICONDUCTOR
CYTYC CORPORATION 232946103 2 265 SH SOLE 265 0 0
DNP SELECT 23325P104 11 1100 SH DEFINED 1100 0 0
INCOME FD INC
DANAHER CORP DEL COM 235851102 204 3000 SH SOLE 1880 0 1120
5
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
DANKA BUSINESS SPONSORED 236277109 19 5000 SH SOLE 5000 0 0
SYS PLC ADR
DEERE & CO 244199105 68 1500 SH SOLE 1500 0 0
DEL MONTE FOODS COM 24522P103 1 121 SH SOLE 121 0 0
DELL COMPUTER 247025109 489 15365 SH SOLE 15365 0 0
DELL COMPUTER 247025109 35 1100 SH DEFINED 1100 0 0
DELPHI AUTO 247126105 2 250 SH SOLE 250 0 0
SYSTEMS
DELTA & PINE LD COM 247357106 11 509 SH SOLE 509 0 0
CO
DELTIC TIMBER INC 247850100 407 14324 SH SOLE 14324 0 0
DELTIC TIMBER INC 247850100 18363 645471 SH DEFINED 242423 403048 0
DEVON ENERGY NEW COM 25179M103 4 82 SH SOLE 82 0 0
CORP
DIAL CORPORATION 25247D101 6 348 SH SOLE 348 0 0
WALT DISNEY CO 254687106 236 11991 SH SOLE 8336 0 3655
WALT DISNEY CO 254687106 3 200 SH DEFINED 200 0 0
DOMINION RES INC VA NEW 25746U109 1 25 SH SOLE 25 0 0
DONNELLEY RR & 257867101 20 800 SH SOLE 800 0 0
SONS
DOW CHEMICAL CO 260543103 496 16053 SH SOLE 16053 0 0
DOW CHEMICAL CO 260543103 14 483 SH DEFINED 483 0 0
DREYFUS 261932107 20 2086 SOLE 2086 0 0
STRATEGIC
MUNICIPALS INC
DREYFUS 26201R102 18 1832 SOLE 1832 0 0
MUNICIPAL INCOME
INC
DU PONT EI D 263534109 155 3728 SH SOLE 3728 0 0
NEMOURS & CO
DU PONT EI D 263534109 4 100 SH DEFINED 100 0 0
NEMOURS & CO
DUKE ENERGY CORP COM 264399106 65 3264 SH SOLE 3264 0 0
DUN & BRADSTREET 26483E100 6 150 SH SOLE 150 0 0
NW
DYNEX CAP INC COM NEW 26817Q506 0 106 SH DEFINED 106 0 0
E-LOAN INC 26861P107 5 1000 SH SOLE 1000 0 0
EMC CORP 268648102 43 4200 SH SOLE 4200 0 0
EMC CORP 268648102 41 4000 SH DEFINED 4000 0 0
ENSCO 26874Q100 1 74 SH SOLE 74 0 0
INTERNATIONAL INC
E TRADE GROUP INC 269246104 34 4000 SH SOLE 4000 0 0
EASTMAN KODAK CO 277461109 27 1000 SH SOLE 1000 0 0
EASTMAN KODAK CO 277461109 3 125 SH DEFINED 125 0 0
EATON CORP COM 278058102 251 3205 SH SOLE 2550 0 655
ECHOSTAR COMMUN 278762109 17 500 SH SOLE 500 0 0
EDWARDS 28176E108 7 240 SH SOLE 240 0 0
LIFESCIENCES CORP
EL PASO 28336L109 1 212 SH SOLE 212 0 0
CORPORATION
ELAN CORP PLC ADR 284131208 0 100 SH SOLE 100 0 0
ELECTRONIC DATA NEW 285661104 13 642 SH SOLE 642 0 0
SYS CORP
EMERSON ELECTRIC 291011104 97 1900 SH SOLE 1900 0 0
CO
ENCORE WIRE CORP COM 292562105 197 20900 SH SOLE 13900 0 7000
ENERGY EAST CORP COM 29266M109 4 200 SH SOLE 200 0 0
ENGELHARD CORP 292845104 6 253 SH DEFINED 0 0 253
ENTERASYS 293637104 0 200 SH SOLE 200 0 0
NETWORKS INC
ENTERGY CORP 29364G103 287 5444 SH SOLE 4444 0 1000
ENTERGY CORP 29364G103 31 593 SH DEFINED 593 0 0
EQUITY INNS, INC 294703103 10 1500 SH DEFINED 1500 0 0
EQUITY 29476L107 11 436 SH SOLE 436 0 0
RESIDENTIAL
PPTYS SBI
ESTERLINE 297425100 3 185 SH SOLE 185 0 0
TECHNOLOGIES CORP
EXXON MOBIL CORP 30231G102 6326 176226 SH SOLE 175426 0 800
EXXON MOBIL CORP 30231G102 1015 28276 SH DEFINED 18076 4700 5500
FPL GROUP INC 302571104 267 3995 SH SOLE 2810 0 1185
FED HMN LN MTG VOTING 313400301 12 250 SH SOLE 250 0 0
CORP COM
FNMA COM 313586109 80 1200 SH SOLE 1200 0 0
FEDERATED DEPT 31410H101 1 41 SH SOLE 41 0 0
STORES INC
FEDEX CORPORATION 31428X106 62 1000 SH SOLE 1000 0 0
6
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
FEDEX CORPORATION 31428X106 6 100 SH DEFINED 100 0 0
FIRST DATA CORP COM 319963104 1 40 SH SOLE 40 0 0
FIRST INDL RLTY 32054K103 14 450 SH SOLE 450 0 0
TR INC
FIRST M & F CORP 320744105 42 1293 SH SOLE 1293 0 0
FIRST TENNESSEE 337162101 1570 35778 SH SOLE 35778 0 0
NATIONAL CORP
FISERV INC 337738108 216 6070 SH SOLE 4255 0 1815
FIRSTMERIT CORP 337915102 7 325 SH SOLE 325 0 0
FLEET BOSTON CORP 339030108 24 812 SH SOLE 812 0 0
FLUOR CORP 343412102 3 96 SH DEFINED 96 0 0
FORD MOTOR COMMON 345370860 74 6760 SH SOLE 6760 0 0
COMPANY
FORD MOTOR COMMON 345370860 7 700 SH DEFINED 700 0 0
COMPANY
FOREST LABS 345838106 14 266 SH SOLE 266 0 0
FORREST OIL CORP 346091705 135 5400 SH SOLE 0 0 5400
FORRESTER 346563109 3 235 SH SOLE 235 0 0
RESEARCH INC
FULTON FINANCIAL 360271100 2 140 SH SOLE 140 0 0
CORP -PA
FURNITURE BRANDS 360921100 3 145 SH SOLE 145 0 0
INTL
GSI COMMERCE INC 36238G102 0 29 SH SOLE 29 0 0
GALLAGHER ARTHUR 363576109 48 1770 SH SOLE 1770 0 0
J & CO
GAP INC DEL COM 364760108 29 1562 SH SOLE 1562 0 0
GENERAL ELECTRIC 369604103 3394 118358 SH SOLE 118358 0 0
CO
GENERAL ELECTRIC 369604103 83 2900 SH DEFINED 1700 0 1200
CO
GENERAL MLS INC COM 370334104 23 497 SH SOLE 497 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 20 571 SH SOLE 571 0 0
GENOME COM 372430108 2 1000 SH SOLE 0 0 1000
THERAPEUTICS CORP
GEORGIA PAC CORP 373298108 24 1290 SH SOLE 1290 0 0
GERON CORP COM 374163103 2 300 SH SOLE 300 0 0
GILLETTE CO 375766102 95 3006 SH SOLE 2806 0 200
GILLETTE CO 375766102 111 3485 SH DEFINED 3485 0 0
GLAXO WELLCOME ADR 37733W105 4 100 SH SOLE 0 0 100
PLC SPONSORED
GOLDMAN SACHS 38141G104 14 178 SH SOLE 178 0 0
GROUP
GOODYEAR TIRE & 382550101 3 618 SH SOLE 618 0 0
RUBBER
GREAT LAKES CHEM COM 390568103 36 1785 SH DEFINED 1785 0 0
CORP
GREAT PLAINS 391164100 53 1855 SH SOLE 1855 0 0
ENERGY INC
GUIDANT CORP COM 401698105 115 2600 SH SOLE 2600 0 0
HCA INC. 404119109 97 3050 SH SOLE 3050 0 0
HCC INSURANCE 404132102 4 155 SH SOLE 155 0 0
HOLDINGS, INC
HALLIBURTON CO COM 406216101 19 850 SH SOLE 850 0 0
HALLIBURTON CO COM 406216101 13 600 SH DEFINED 600 0 0
HANCOCK FABRICS 409900107 25 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 203 4345 SH SOLE 4345 0 0
CEF HANCOCK JOHN 41013X106 10 400 SH SOLE 400 0 0
PFD
JOHN HANCOCK 41014S106 8 285 SH SOLE 285 0 0
HARLEY DAVIDSON COM 412822108 14 355 SH SOLE 355 0 0
INC
HARRIS CORP 413875105 42 1400 SH SOLE 1400 0 0
HARTE-HANKS INC COM 416196103 2 150 SH SOLE 150 0 0
HARTFORD FNCL SV COM 416515104 12 250 SH DEFINED 250 0 0
GRP INC
HASBRO, INC 418056107 13 787 SH DEFINED 787 0 0
HEINZ H J CO COM 423074103 9 273 SH SOLE 273 0 0
HERSHEY FOODS 427866108 165 2380 SH SOLE 1480 0 900
CORP
HEWLETT PACKARD 428236103 491 23095 SH SOLE 20585 0 2510
CO
HEWLETT PACKARD 428236103 8 400 SH DEFINED 0 0 400
CO
HIBERNIA CORP 428656102 5586 307778 SH SOLE 306878 0 900
HIBERNIA CORP 428656102 16 900 SH DEFINED 900 0 0
HIGH INCOME 42967Q105 18 2500 SH SOLE 2500 0 0
OPPORTUNITY FD
HOME DEPOT 437076102 520 15725 SH SOLE 15725 0 0
HOME DEPOT 437076102 50 1532 SH DEFINED 1532 0 0
HONEYWELL INTL 438516106 83 3120 SH SOLE 3120 0 0
INC
HUBBELL INC CL B 443510201 33 1000 SH SOLE 1000 0 0
HUDSON UNITED 444165104 3 100 SH SOLE 100 0 0
BANCORP
7
VOTING AUTHORITY
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NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
ICN COM 448924100 8 525 SH SOLE 0 0 525
PHARMACEUTICALS
INC NEW
ING PRIME RATE 44977W106 100 13907 SH SOLE 13907 0 0
TR SH BEN INT
ILLINOIS TOOL 452308109 5 76 SH SOLE 76 0 0
WORKS INC
IMPERIAL TOBACCO SPON ADR 453142101 3 90 SH SOLE 90 0 0
PLC
INSIGHT COM 45765U103 27 2775 SH SOLE 2775 0 0
ENTERPRISES INC
INPUT/OUTPUT INC 457652105 4 750 SH SOLE 750 0 0
INTEL CORP CAP 458140100 993 47754 SH SOLE 41604 0 6150
INTEL CORP CAP 458140100 99 4780 SH DEFINED 3980 0 800
IBM CORP 459200101 2054 24898 SH SOLE 23178 0 1720
IBM CORP 459200101 39 475 SH DEFINED 475 0 0
INTL PAPER CO 460146103 197 5522 SH SOLE 4022 0 1500
INTL PAPER CO 460146103 51 1450 SH DEFINED 150 1100 200
IONICS, INC 462218108 3 155 SH SOLE 155 0 0
JDS UNIPHASE COM 46612J101 0 120 SH SOLE 120 0 0
CORP
J P MORGAN CHASE 46625H100 85 2499 SH SOLE 2499 0 0
& CO
J P MORGAN CHASE 46625H100 51 1500 SH DEFINED 1500 0 0
& CO
JANUS CAPITAL 47102X105 9 600 SH SOLE 600 0 0
GROUP INC.
JOHNSON & JOHNSON 478160104 2022 39122 SH SOLE 39122 0 0
JOHNSON & JOHNSON 478160104 460 8900 SH DEFINED 5000 1200 2700
JOHNSON CONTROLS 478366107 289 3385 SH SOLE 2470 0 915
INC
KLA TENCOR CORP 482480100 4 100 SH SOLE 100 0 0
K MART CORP COM 482584109 1 1000 SH SOLE 1000 0 0
KELLOGG CO 487836108 6 200 SH SOLE 200 0 0
KIMBERLY-CLARK 494368103 10 200 SH SOLE 200 0 0
CORP
KIMBERLY-CLARK 494368103 20 400 SH DEFINED 400 0 0
CORP
KINDER MORGAN PARTNERS, 494550106 9 232 SH SOLE 232 0 0
ENERGY L.P
KNIGHT RIDDER INC 499040103 38 565 SH SOLE 565 0 0
KOHL'S CORP 500255104 138 2700 SH SOLE 2700 0 0
KONINKLIJKE N V SP 500472303 4 219 SH SOLE 219 0 0
PHLPS ELECTRS ADR NEW
KROGER CO 501044101 176 10593 SH SOLE 6933 0 3660
LSI LOGIC CORP COM 502161102 2 400 SH SOLE 400 0 0
LA QUINTA CORP 1 COM LA 50419U202 0 205 SH SOLE 205 0 0
PAIRED CTF QUINTA
LAFARGE SPONSORED 505861401 2 180 SH SOLE 180 0 0
ADR
ESTEE LAUDER CO 518439104 20 600 SH DEFINED 600 0 0
LEHMAN BROTHERS COM 524908100 276 4160 SH SOLE 3080 0 1080
HOLDINGS
LEVEL 3 52729N100 40 6037 SH SOLE 6037 0 0
COMMUNICATIONS
INC
LEXMARK INTL NEW CL A 529771107 441 6237 SH SOLE 4467 0 1770
THE LIBERTY 530370105 123 2900 SH SOLE 2900 0 0
CORPORATION
ELI LILLY & CO 532457108 644 9345 SH SOLE 8150 0 1195
ELI LILLY & CO 532457108 103 1500 SH DEFINED 1500 0 0
LINCOLN NATIONAL IND 534187109 1 35 SH SOLE 35 0 0
CORP
LOCKHEED MARTIN 539830109 4 100 SH SOLE 100 0 0
CORP
LOEWS CORP 540424108 1 34 SH SOLE 34 0 0
LOWES CO INC 548661107 572 13335 SH SOLE 10690 0 2645
LUCENT 549463107 42 21105 SH SOLE 20905 0 200
TECHNOLOGIES
LUCENT 549463107 4 2200 SH DEFINED 2200 0 0
TECHNOLOGIES
M & T BANK CORP 55261F104 168 2000 SH SOLE 2000 0 0
MFS INTER INCOME INT 55273C107 31 4350 SH SOLE 4350 0 0
TR SH BEN
MGNA ENTMT CORP 559211107 0 20 SH SOLE 20 0 0
MANULIFE 56501R106 1079 38281 SH SOLE 38281 0 0
FINANCIAL CORP
MARATHON OIL CORP 565849106 1 54 SH SOLE 54 0 0
MARSH & MCLENNAN 571748102 2 58 SH SOLE 58 0 0
MARTIN MARIETTA 573284106 2 80 SH SOLE 80 0 0
MATERIALS, INC
MASSEY ENERGY 576206106 1 96 SH SOLE 96 0 0
CORP
8
VOTING AUTHORITY
------------------------
NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
MAXIM INTEGRATED 57772K101 12 356 SH SOLE 356 0 0
PRODUCTS INC
MCCORMICK & CO 579780206 182 6715 SH SOLE 4535 0 2180
MCDATA CORP CLASS A 580031201 1 73 SH DEFINED 73 0 0
MCDONALD'S CORP 580135101 70 3200 SH SOLE 3200 0 0
MEADWESTVACO CORP 583334107 38 1547 SH SOLE 1547 0 0
MEDIMMUNE INC COM 584699102 2 75 SH SOLE 75 0 0
MEDTRONIC INC COM 585055106 17 360 SH SOLE 360 0 0
MELLON FINL CORP 58551A108 22 800 SH SOLE 800 0 0
MERCK & CO INC 589331107 1724 28487 SH SOLE 27122 0 1365
MERCK & CO INC 589331107 217 3600 SH DEFINED 3100 0 500
MERRILL LYNCH & 590188108 14 320 SH SOLE 320 0 0
CO, INC
METLIFE INC COM 59156R108 121 4292 SH SOLE 4292 0 0
MICROSOFT CORP 594918104 690 26950 SH SOLE 26950 0 0
MICROSOFT CORP 594918104 20 800 SH DEFINED 0 0 800
MICRON TECHNOLOGY 595112103 23 2000 SH SOLE 2000 0 0
MID-AMERICA 59522J103 27 1000 SH DEFINED 1000 0 0
APARTMENT CMNTYS
MIDAS GROUP INC 595626102 8 666 SH SOLE 666 0 0
MILLER HERMAN INC COM 600544100 68 3420 SH SOLE 3420 0 0
MIRANT CORP 604675108 8 3055 SH SOLE 3055 0 0
MISSISSIPPI 605288208 0 1492 SH SOLE 1492 0 0
CHEMICAL CORP
MONSANTO CO. 61166W101 12 596 SH SOLE 596 0 0
(NEW)
MONSANTO CO. 61166W101 5 235 SH DEFINED 150 0 85
(NEW)
MOODYS CORP 615369105 31 602 SH SOLE 602 0 0
MORGAN STANLEY 617446448 308 7206 SH SOLE 6041 0 1165
DEAN WITTER
DISCOVER & CO
MORGAN STANLEY 617446448 11 260 SH DEFINED 260 0 0
DEAN WITTER
DISCOVER & CO
MOTOROLA INC 620076109 106 11308 SH SOLE 11208 0 100
MOTOROLA INC 620076109 70 7466 SH DEFINED 7166 0 300
MULTIMEDIA GAMES 625453105 11 450 SH SOLE 450 0 0
INC
MUNICIPAL SH 62624B101 101 4000 SH SOLE 4000 0 0
MORTGAGE &
EQUITY LLC -
GROWTH
MUNIVEST FD INC COM 626295109 46 5000 SOLE 5000 0 0
MURPHY OIL CORP COM 626717102 5167 98268 SH SOLE 98268 0 0
MURPHY OIL CORP COM 626717102 244559 4650306 SH DEFINED 2068366 2581940 0
MYLAN 628530107 402 11583 SH SOLE 8471 0 3112
LABORATORIES INC
NBC CAP CORP 628729105 134 5333 SH SOLE 5333 0 0
NCR CORP NEW 62886E108 1 64 SH SOLE 64 0 0
NASDAQ 100 TRUST 631100104 5 200 SH SOLE 200 0 0
NATIONAL COMM 63545P104 57 2600 SH SOLE 2600 0 0
FINL CORP
NEWELL 651229106 11 400 SH SOLE 400 0 0
RUBBERMAID INC
NEWS CORP LTD ADR 652487703 1 44 SH SOLE 44 0 0
NICOR INC COM 654086107 20 550 SH SOLE 550 0 0
NIKE INC CLASS B 654106103 46 860 SH SOLE 860 0 0
NISOURCE INC 65473P105 143 7565 SH SOLE 4685 0 2880
NOKIA CORP SPND ADR 654902204 57 3493 SH SOLE 3493 0 0
NOBLE ENERGY INC 655044105 37 1000 SH SOLE 1000 0 0
NOMURA HOLDINGS ADR 65535H208 3 270 SH SOLE 270 0 0
INC
NORFOLK SO CORP 655844108 27 1434 SH SOLE 1434 0 0
NORTEL NETWORK NEW 656568102 13 5000 SH SOLE 5000 0 0
CORP
NORTHERN TRUST NTRS 665859104 74 1780 SH SOLE 1780 0 0
COMPANY
NORTHERN TRUST NTRS 665859104 166 4000 SH DEFINED 3600 0 400
COMPANY
NORTHRUP GRUMMAN 666807102 1 23 SH SOLE 23 0 0
NORTHWESTERN 668074107 0 330 SH SOLE 330 0 0
CORPORATION
NOVARTIS AG SPONSORED 66987V109 3 80 SH SOLE 80 0 0
ADR
NOVELLUS SYSTEMS 670008101 60 1655 SH SOLE 1655 0 0
NU SKIN CLASS A 67018T105 4 395 SH SOLE 395 0 0
ENTERPRISES INC
NUVEEN INSD MUNI FD 6706D8104 4 338 SOLE 338 0 0
PREMIUM INCOME
NUVEEN MUNICIPAL 67062W103 52 3529 SOLE 3529 0 0
MARKET OPP
9
VOTING AUTHORITY
------------------------
NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
OKLAHOMA GAS & 670837103 21 1000 SH SOLE 1000 0 0
ELEC ENERGY CORP
NUVEEN MUN VALUE 670928100 17 1800 SOLE 1800 0 0
FD INC
NUVEEN QUALITY 670977107 7 500 SH SOLE 500 0 0
INCOME MUNI
NUVEEN PREMIER 670988104 24 1565 SH SOLE 1565 0 0
MUNICIPAL INC
OSI COM 671040103 0 5 SH SOLE 5 0 0
PHARMACEUTICALS
INC
OCCIDENTAL PETE 674599105 16 500 SH SOLE 500 0 0
COR DEL
OCWEN FINANCIAL 675746101 3 880 SH SOLE 880 0 0
CORP
OFFICEMAX INC 67622M108 6 1000 SH SOLE 1000 0 0
OHIO CASUALTY 677240103 2 225 SH SOLE 225 0 0
CORP
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 21 300 SH SOLE 300 0 0
ORACLE SYSTEMS 68389X105 130 10840 SH SOLE 6875 0 3965
CORP
PNC BANK CORP 693475105 1 29 SH SOLE 29 0 0
PPG INDUSTRIES 693506107 31 626 SH SOLE 626 0 0
INC
PACTIV COPR 695257105 32 1647 SH SOLE 1647 0 0
PAYCHEX INC 704326107 4 150 SH SOLE 150 0 0
PCCW LTD SONSORED 70454G207 3 494 SH DEFINED 494 0 0
ADR
PENNEY J C INC COM 708160106 2 120 SH SOLE 120 0 0
PEOPLES ENERGY COM 711030106 21 500 SH DEFINED 500 0 0
CORP
PEOPLES HLDG CO COM 711148106 16 367 SH SOLE 367 0 0
PEOPLES HLDG CO COM 711148106 22 500 SH DEFINED 500 0 0
PEPCO HLDGS INC 713291102 8 457 SH SOLE 457 0 0
PEPSIAMERICAS INC 71343P200 50 4000 SH SOLE 4000 0 0
PEPSICO INC COM 713448108 1506 33846 SH SOLE 33846 0 0
PEPSICO INC COM 713448108 94 2130 SH DEFINED 430 1100 600
PFIZER INC 717081103 3198 93676 SH SOLE 93676 0 0
PFIZER INC 717081103 184 5417 SH DEFINED 3817 0 1600
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS DODGE CORP COM 717265102 19 500 SH DEFINED 500 0 0
THE PHOENIX 71902E109 9 1051 SH SOLE 1051 0 0
COMPANIES
PLACER DOME INC 725906101 2 170 SH SOLE 170 0 0
POPE & TALBOT 732827100 2 220 SH SOLE 220 0 0
INC DELAWARE
POTLATCH CORP COM 737628107 3 150 SH SOLE 150 0 0
POWER 739363109 4 665 SH SOLE 665 0 0
TECHNOLOGIES
PRAXAIR INC COM 74005P104 18 300 SH DEFINED 300 0 0
PRINCIPAL 74251V102 87 2713 SH SOLE 2713 0 0
FINANCIAL GROUP
PROCTER & GAMBLE COM 742718109 1127 12641 SH SOLE 11421 0 1220
CO
PROCTER & GAMBLE COM 742718109 124 1400 SH DEFINED 1400 0 0
CO
PROGRESS ENERGY COM 743263105 10 232 SH SOLE 232 0 0
INC
PRUDENTIAL 744320102 126 3773 SH SOLE 3773 0 0
FINANCIAL
PUBLIC SVC 744573106 1 34 SH SOLE 34 0 0
ENTERPRISE GROUP
INC
PUBLIC STORAGE, REIT 74460D109 6 180 SH SOLE 180 0 0
INC
PUTNAM MANAGED 746823103 4 500 DEFINED 0 0 500
MUNICIPAL INCOME
TRUST
QLOGIC CORP COM 747277101 62 1303 SH SOLE 1303 0 0
QUALCOMM INC 747525103 7 200 SH SOLE 200 0 0
QUANTA SERVICES, 74762E102 5 730 SH SOLE 730 0 0
INC
QWEST COM 749121109 9 2049 SH SOLE 2049 0 0
COMMUNICATIONS
INTL INC
RFS HOTEL 74955J108 12 1000 SH SOLE 1000 0 0
INVESTORS
RH DONNELLEY CORP 74955W307 2 60 SH SOLE 60 0 0
RALCORP HOLDINGS NEW COM 751028101 1 66 SH DEFINED 0 0 66
RAYOVAC CORP 755081106 2 180 SH SOLE 180 0 0
RAYTHEON CO NEW 755111507 167 5110 SH SOLE 3430 0 1680
REED ELSEVIER SPON ADR 758205108 2 85 SH SOLE 85 0 0
PLC
10
VOTING AUTHORITY
------------------------
NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
REGIONS FNCL CORP 758940100 668 19800 SH SOLE 18600 0 1200
REGIONS FNCL CORP 758940100 60 1786 SH DEFINED 0 1786 0
RELIANT 75952B105 10 1786 SH SOLE 1786 0 0
RESOURCES INC
RELIANT 75952B105 28 4622 SH DEFINED 4622 0 0
RESOURCES INC
REMINGTON OIL & COM 759594302 29 1600 SH SOLE 1600 0 0
GAS CORP
RIO TINTO GBP 767204100 3 40 SH SOLE 40 0 0
RIVERSTONE 769320102 0 102 SH SOLE 102 0 0
NETWORKS INC
ROCKWELL INTL NEW 773903109 4 177 SH SOLE 177 0 0
CORP
ROCKWELL COLLINS 774341101 4 177 SH SOLE 177 0 0
INC
ROWAN COMPANIES 779382100 3 155 SH SOLE 155 0 0
INC
ROXIE INC 780008108 0 65 SH SOLE 65 0 0
ROYAL DUTCH PETE NY REG 780257804 384 8248 SH SOLE 6328 0 1920
CO GLD1.25
ROYAL DUTCH PETE NY REG 780257804 149 3200 SH DEFINED 3200 0 0
CO GLD1.25
RUBY TUESDAY INC 781182100 31 1260 SH DEFINED 0 0 1260
SBC 78387G103 968 37908 SH SOLE 34578 0 3330
COMMUNICATIONS,
INC
SBC 78387G103 19 780 SH DEFINED 780 0 0
COMMUNICATIONS,
INC
ST JUDE MEDICAL 790849103 311 5425 SH SOLE 3780 0 1645
SANMINA CORP 800907107 1 306 SH SOLE 306 0 0
SARA LEE CORP COM 803111103 15 800 SH SOLE 800 0 0
SCANA CORP NEW 80589M102 241 7052 SH SOLE 4992 0 2060
SCHERING PLOUGH COM 806605101 348 18734 SH SOLE 18734 0 0
CORP
SCHERING PLOUGH COM 806605101 362 19500 SH DEFINED 100 19400 0
CORP
SCHLUMBERGER LTD COM 806857108 279 5880 SH SOLE 4220 0 1660
THE CHARLES 808513105 15 1500 SH SOLE 1500 0 0
SCHWAB CORP
SCRIPPS EW INC NEW CL A 811054204 35 400 SH SOLE 400 0 0
SEARS ROEBUCK & COM 812387108 64 1920 SH SOLE 1920 0 0
CO
SEARS ROEBUCK & COM 812387108 5 167 SH DEFINED 167 0 0
CO
SELIGMAN SELECT 816344105 14 1250 SH SOLE 1250 0 0
MUN FD INC
SEROLOGICALS CORP 817523103 3 235 SH SOLE 235 0 0
SERVICEMASTER COM 81760N109 81 7593 SH SOLE 7593 0 0
COMPANY
SHELL TRANS & NEW YRK 822703609 71 1800 SH DEFINED 1800 0 0
TRADING PLC SH NEW
SHERWIN WILLIAMS COM 824348106 29 1100 SH SOLE 1100 0 0
CO
SIMMONS 1ST NATL CL A $5 828730200 265 13200 SH SOLE 13200 0 0
CORP PAR
SIMMONS 1ST NATL CL A $5 828730200 10 500 SH DEFINED 500 0 0
CORP PAR
SIMON PROPERTY 828806109 276 7095 SH SOLE 4845 0 2250
GROUP INC
SIRIUS SATTELITE 82966U103 16 10000 SH SOLE 10000 0 0
RADIO
SKYWORKS 83088M102 0 61 SH SOLE 61 0 0
SOLUTIONS
SMUCKER J M CO 832696405 0 3 SH SOLE 3 0 0
SMURFIT-STONE 832727101 6 495 SH SOLE 495 0 0
CONTAINER CORP
SNAP ON INC 833034101 3 120 SH SOLE 120 0 0
SOLUTIA INC COM 834376105 1 676 SH SOLE 676 0 0
SONIC WALL INC 835470105 3 745 SH SOLE 745 0 0
SONY CORP 835699307 28 1000 SH DEFINED 1000 0 0
SOUTHERN CO COM 842587107 619 19889 SH SOLE 19889 0 0
SOUTHERN CO COM 842587107 80 2600 SH DEFINED 2600 0 0
SOUTHWEST AIRLS COM 844741108 8 505 SH SOLE 505 0 0
CO
SPRINT CORP COM FON 852061100 806 56000 SH SOLE 56000 0 0
GROUP
STANCORP 852891100 1 35 SH SOLE 35 0 0
FINANCIAL GROUP
STARBUCKS CORP 855244109 18 744 SH SOLE 744 0 0
STEWART 860370105 17 4000 SH SOLE 4000 0 0
ENTERPRISES
SUN LIFE 866796105 283 13637 SH SOLE 13637 0 0
FINANCIAL
SUN MICROSYSTEMS 866810104 7 1700 SH SOLE 1700 0 0
11
VOTING AUTHORITY
------------------------
NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
SUNGARD DATA 867363103 253 9800 SH SOLE 9800 0 0
SYSTEMS
SUNOCO INC 86764P109 37 1000 SH SOLE 1000 0 0
SUNTRUST BANKS COM 867914103 67 1145 SH SOLE 1145 0 0
INC
SYNOVUS FINL CORP 87161C105 24 1125 SH SOLE 1125 0 0
TDC A/S SPONSORED 87236N102 3 210 SH SOLE 210 0 0
D ADR
TECO ENERGY INC COM 872375100 3 300 SH SOLE 300 0 0
TXU CORP 873168108 78 3500 SH SOLE 3500 0 0
TARGET CORP 87612E106 321 8500 SH SOLE 6560 0 1940
TARGET CORP 87612E106 15 400 SH DEFINED 400 0 0
TELEFONICA SA SPONSORED 879382208 3 90 SH SOLE 90 0 0
D ADR
TELLABS INC 879664100 5 800 SH SOLE 800 0 0
DELAWARE
TELLABS INC 879664100 1 200 SH DEFINED 200 0 0
DELAWARE
TENNECO 880349105 0 150 SH SOLE 150 0 0
AUTOMOTIVE NW
TEVA ADR'S 881624209 3 60 SH SOLE 60 0 0
PHARMACEUTICAL
IND
TEXAS GENCO 882443104 0 37 SH SOLE 37 0 0
HOLDINGS INC
TEXAS GENCO 882443104 2 128 SH DEFINED 128 0 0
HOLDINGS INC.
TEXAS INSTRUMENTS 882508104 21 1200 SH SOLE 1200 0 0
TEXTRON 883203101 230 5908 SH SOLE 3663 0 2245
INCORPORATED COMM
THOMAS & BETTS COM 884315102 2 200 SH SOLE 200 0 0
CORP
THORNBURG 885218107 7 300 SH SOLE 300 0 0
MORTGAGE INC
3M CO 88579Y101 325 2526 SH SOLE 2161 0 365
TIDEWATER INC 886423102 3 110 SH SOLE 110 0 0
TIFFANY & CO NEW 886547108 71 2200 SH SOLE 2200 0 0
TOTAL FINA ELF S. A. ADR 89151E109 3 40 SH SOLE 40 0 0
TOYOTA MOTOR ADR NEW 892331307 3 60 SH SOLE 60 0 0
CORP
TRAVELERS CL A 89420G109 3 245 SH SOLE 245 0 0
PROPERTY
CASUALTY CORP
TRAVELERS CL A 89420G109 5 350 SH DEFINED 350 0 0
PROPERTY
CASUALTY CORP
TRAVELERS CL B COM 89420G406 9 581 SH SOLE 581 0 0
CORPORATION
TRAVELERS CL B COM 89420G406 11 720 SH DEFINED 720 0 0
CORPORATION
TRIBUNE COMPANY 896047107 57 1200 SH SOLE 1200 0 0
TRUSTMARK CORP COM 898402102 618 24288 SH SOLE 24288 0 0
TRUSTMARK CORP COM 898402102 25 1000 SH DEFINED 1000 0 0
TYCO INTL LTD NEW COM 902124106 6 350 SH SOLE 350 0 0
TYSON FOODS INC CL A 902494103 7 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 159 15000 SH DEFINED 15000 0 0
UST INC COMMON 902911106 1 50 SH SOLE 50 0 0
STOCK
USA TRUCK INC 902925106 778 86498 SH SOLE 86498 0 0
-RESTRICTED
US BANCORP DEL NEW 902973304 2 82 SH SOLE 82 0 0
US UNWIRED INC 90338R104 2 5000 SH SOLE 5000 0 0
ULTRATECH 904034105 3 215 SH SOLE 215 0 0
STEPPER INC
UNIFI INC 904677101 3 605 SH SOLE 605 0 0
UNION PACIFIC 907818108 12 222 SH SOLE 222 0 0
CORP
UNION PACIFIC 907818108 229 3950 SH DEFINED 150 3800 0
CORP
UNION PLANTERS 908068109 1109 35764 SH SOLE 35764 0 0
CORP
UNION PLANTERS CONV PFD 908068307 60 1000 SH SOLE 1000 0 0
CORP SER E 8%
UNITED 913004107 5 140 SH SOLE 140 0 0
STATIONERS INC
VERIZON 92343V104 1126 28553 SH SOLE 25953 0 2600
COMMUNICATIONS
VERIZON 92343V104 108 2744 SH DEFINED 2344 0 400
COMMUNICATIONS
VIAD CORP 92552R109 7 348 SH SOLE 348 0 0
VIACOM INC CL B 925524308 117 2696 SH SOLE 2696 0 0
VIACOM INC CL B 925524308 14 325 SH DEFINED 325 0 0
VISTEON CORP 92839U107 0 75 SH SOLE 75 0 0
VODAFONE GROUP NEW 92857W100 83 4259 SH SOLE 4259 0 0
PLC
W.P.CAREY & CO., 92930Y107 74 2474 SH SOLE 2474 0 0
LLC
12
VOTING AUTHORITY
------------------------
NAMES OF TITLE OF VALUE SHRS OR SH/ PCT/ INVESTMENT OTHER
ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------ ----- ----- -------- ------- --- ---- ---------- -------- ---- ------ -----
WACHOVIA CORP 2ND NEW 929903102 432 10830 SH SOLE 10830 0 0
WACHOVIA CORP 2ND NEW 929903102 19 500 SH DEFINED 500 0 0
WAL MART STORES COM 931142103 2528 47117 SH SOLE 43852 0 3265
INC
WAL MART STORES COM 931142103 246 4586 SH DEFINED 1486 3000 100
INC
WALGREEN CO COM 931422109 240 7989 SH SOLE 6004 0 1985
WASHINGTON 939322103 26 649 SH SOLE 649 0 0
MUTUAL INC
WASTE MANAGEMENT NEW 94106L109 141 5893 SH SOLE 3738 0 2155
INC
WASTE MANAGEMENT NEW 94106L109 0 1 SH DEFINED 0 0 1
INC
WATSON WYATT & CLASS A 942712100 3 170 SH SOLE 170 0 0
CO HLDGS
WEBSTER 947890109 3 90 SH SOLE 90 0 0
FINANCIAL CORP
WEINGARTEN RLTY SH BEN 948741103 62 1500 SH SOLE 1500 0 0
INVS INT
WELLS FARGO & NEW 949746101 277 5515 SH SOLE 5515 0 0
CO.
WELLS FARGO & NEW 949746101 10 200 SH DEFINED 200 0 0
CO.
WESTAR ENERGY INC 95709T100 3 200 SH SOLE 200 0 0
WEYERHAEUSER CO COM 962166104 205 3800 SH SOLE 3800 0 0
WHITNEY HOLDING COMMON 966612103 101 3180 SH SOLE 3180 0 0
CORP
WILD OATS MKTS 96808B107 4 390 SH SOLE 390 0 0
INC
WILLIAMS COMPANY COMMON 969457100 13 1757 SH SOLE 1757 0 0
WE WRIGLEY JR. 982526105 11 200 SH SOLE 200 0 0
COMPANY
WYETH 983024100 363 7985 SH SOLE 6795 0 1190
WYETH 983024100 13 300 SH DEFINED 300 0 0
XM SATELLITE 983759101 274 25000 SH SOLE 25000 0 0
XCEL ENERGY INC 98389B100 32 2154 SH SOLE 2154 0 0
XILINX INC 983919101 2 100 SH SOLE 100 0 0
YANKEE CANDLE CO 984757104 4 175 SH SOLE 175 0 0
INC
YUM BRANDS INC 988498101 77 2626 SH SOLE 2626 0 0
ZOLL MEDICAL CORP 989922109 3 115 SH SOLE 115 0 0
GRAND TOTALS 410120 10980823 7787992 3030812 162019
13