UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2004
Check here if Amendment [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: 689
Form 13F Information Table Value Total: $11,226,844
(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/ PUT/ INVESTMENT OTHER -----------------------
NAME 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
ACE LIMITED G0070K103 15 369 SH SOLE 1 228 0 141
COOPER INDUSTRIES, LTD CL A G24182100 10 180 SH SOLE 1 0 0 180
FRONTLINE LDT F G3682E127 2 100 SH SOLE 1 100 0 0
INGSOLL-RAND CO CL A G4776G101 482 7125 SH SOLE 1 5760 0 1365
BERMUDA
NOBLE CORP G65422100 11 300 SH SOLE 1 300 0 0
ROYAL CARIBBEAN CRUISES V7780T103 8 200 SH SOLE 1 200 0 0
A F L A C INC 001055102 96 2400 SH SOLE 1 2400 0 0
AGL RESOURCES, INC 001204106 31 1090 SH SOLE 1 1090 0 0
AES CORPORATION 00130H105 8 1000 SH SOLE 1 0 1000 0
AT&T CORP COM NEW 001957505 110 5643 SH SOLE 1 4798 0 845
AT&T CORP COM NEW 001957505 0 49 SH DEFINED 1 49 0 0
AT&T WIRELESS SVCS INC 00209A106 96 7055 SH SOLE 1 6155 0 900
AT&T WIRELESS SVCS INC 00209A106 1 80 SH DEFINED 1 80 0 0
ABBOTT LAB 002824100 1080 26302 SH SOLE 1 21874 0 4428
ABBOTT LAB 002824100 197 4800 SH DEFINED 1 200 4000 600
ADAMS EXPRESS CO COM 006212104 122 9692 SH SOLE 1 9692 0 0
ADAPTEC INC 00651F108 3 400 SH SOLE 1 400 0 0
ADVANCED NEUROMODILATION SYS 00757T101 2 80 SH SOLE 1 0 0 80
ADVANCED MICRO DEVICES INC 007903107 9 600 SH SOLE 1 600 0 0
ADVANCED MICRO DEVICES INC 007903107 3 200 SH DEFINED 1 200 0 0
AETNA INC COM 00817Y108 8 100 SH DEFINED 1 0 0 100
AGILENT TECHNOLOGIES, INC. 00846U101 48 1525 SH SOLE 1 1525 0 0
AGNICO EAGLE MINES 008474108 7 500 SH SOLE 1 500 0 0
AIR PRODS & CHEMS INC COM 009158106 16 334 SH SOLE 1 168 0 166
AIRTRAN HLDGS INC COM 00949P108 3 255 SH DEFINED 1 255 0 0
ALBERTSONS, INC 013104104 10 485 SH SOLE 1 0 0 485
ALCOA INC 013817101 210 6083 SH SOLE 1 4030 0 2053
ALCOA INC 013817101 18 520 SH DEFINED 1 520 0 0
ALLIANCE CAP MGMT HLDG L P 01855A101 73 2000 SH DEFINED 1 2000 0 0
ALLIANCE GAMING CORP 01859P609 5 170 SH SOLE 1 0 0 170
ALLIED CAP CORP NEW COM 01903Q108 9 315 SH SOLE 1 315 0 0
ALLSTATE CORP COMMON 020002101 646 14229 SH SOLE 1 10800 0 3429
ALLSTATE CORP COMMON 020002101 33 734 SH DEFINED 1 440 0 294
ALLTEL CORP 020039103 228 4590 SH SOLE 1 4590 0 0
ALLTEL CORP 020039103 528 10600 SH DEFINED 1 10600 0 0
ALTRIA GROUP INC 02209S103 896 16463 SH SOLE 1 13426 0 3037
ALTRIA GROUP INC 02209S103 13 255 SH DEFINED 1 255 0 0
AMERICAN EAGLE OUTFITTERS, INC 02553E106 9 340 SH SOLE 1 200 0 140
AMERICAN ELECTRIC POWER 025537101 158 4803 SH SOLE 1 1303 0 3500
AMER EXPRESS CO 025816109 196 3800 SH SOLE 1 3800 0 0
AMERICAN INTERNATIONAL GROUP, INC 026874107 455 6382 SH SOLE 1 4110 0 2272
AMERICAN INTERNATIONAL GROUP, INC 026874107 12 175 SH DEFINED 1 175 0 0
AMERICREDIT CORP COM 03060R101 3 190 SH DEFINED 1 190 0 0
AMERUS LIFE HOLDINGS 03072M108 28 712 SH SOLE 1 712 0 0
AMERISOURCEBERGEN CORP 03073E105 18 345 SH SOLE 1 214 0 131
AMETEK INC 031100100 8 320 SH SOLE 1 190 0 130
AMGEN INC 031162100 342 5890 SH SOLE 1 3966 0 1924
AMGEN INC 031162100 11 200 SH DEFINED 1 200 0 0
AMSOUTH BANCORPORATION 032165102 1398 59504 SH SOLE 1 59504 0 0
ANADARKO PETE CORP 032511107 75 1464 SH DEFINED 1 0 1464 0
ANALOG DEVICES INC COM 032654105 4 100 SH SOLE 1 100 0 0
ANHEUSER-BUSCH COMPANIES 035229103 885 17354 SH SOLE 1 15654 0 1700
ANHEUSER-BUSCH COMPANIES 035229103 183 3600 SH DEFINED 1 3600 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 9 305 SH SOLE 1 0 0 305
APPLE COMP INC 037833100 86 3200 SH DEFINED 1 3200 0 0
APPLIED MATERIALS INC 038222105 114 5350 SH SOLE 1 5350 0 0
AQUANTIVE INC 03839G105 2 280 SH SOLE 1 0 0 280
ARCH COAL, INC 039380100 10 325 SH SOLE 1 190 0 135
ARCHER-DANIELS-MIDLAND COMPANY 039483102 4 279 SH SOLE 1 279 0 0
ARVINMERITOR 043353101 0 44 SH SOLE 1 44 0 0
ASTORIA FINANCIAL CORP 046265104 4 130 SH SOLE 1 75 0 55
ASYST TECHNOLOGIES INC 04648X107 6 800 SH SOLE 1 470 0 330
AUTO DATA PROCESS 053015103 218 5200 SH SOLE 1 5200 0 0
AUTO DATA PROCESS 053015103 92 2200 SH DEFINED 1 2200 0 0
AUTOZONE 053332102 17 200 SH SOLE 1 200 0 0
AUTOZONE 053332102 45 530 SH DEFINED 1 530 0 0
AVAYA INC 053499109 3 227 SH SOLE 1 227 0 0
AVON PRODUCTS INC COM 054303102 53 700 SH SOLE 1 700 0 0
AXA-UAP ADR 054536107 4 236 SH SOLE 1 236 0 0
BP AMOCO PLC SPONSORED ADR 055622104 463 9052 SH SOLE 1 8977 0 75
BP AMOCO PLC SPONSORED ADR 055622104 195 3810 SH DEFINED 1 3810 0 0
BMC SOFTWARE 055921100 15 785 SH SOLE 1 486 0 299
BAKER HUGHES INC COM 057224107 18 506 SH SOLE 1 506 0 0
BALDOR ELEC CO COM 057741100 32697 1423467 SH DEFINED 1 1423467 0 0
BANCO BILBAO VIZCAYA SP ADR 05946K101 3 285 SH SOLE 1 285 0 0
BANCORPSOUTH INC 059692103 20647 944095 SH SOLE 1 943095 0 1000
BANCORPSOUTH INC 059692103 2927 133856 SH DEFINED 1 130590 2592 674
BANK OF AMERICA CORP NEW COM 060505104 710 8772 SH SOLE 1 6845 0 1927
BANK OF AMERICA CORP NEW COM 060505104 24 300 SH DEFINED 1 300 0 0
BANK OF THE OZARKS, INC 063904106 2539 92200 SH DEFINED 1 92200 0 0
BANK OF NEW YORK 064057102 276 8790 SH SOLE 1 5580 0 3210
BANK ONE CORP COM 06423A103 131 2420 SH SOLE 1 2420 0 0
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- ----
BANK ONE CORP COM 06423A103 80 1482 SH DEFINED 1 0 1482 0
BAXTER INTL INC 071813109 258 8360 SH SOLE 1 6075 0 2285
BEAR STEARNS COS INC 073902108 123 1412 SH SOLE 1 1357 0 55
BED BATH & BEYOND 075896100 8 200 SH SOLE 1 200 0 0
BELLSOUTH CORP 079860102 825 29826 SH SOLE 1 26283 0 3543
BELLSOUTH CORP 079860102 11 400 SH DEFINED 1 400 0 0
BERKSHIRE HATHAWAY "A" 084670108 93 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 9 3 SH DEFINED 1 3 0 0
BLACKROCK INVT QUALITY MUNI TR INC 09247D105 45 3000 SH SOLE 1 3000 0 0
MF BLACKROCK INCOME TRUST 09247F100 18 2400 SH SOLE 1 2400 0 0
BLACKSTONE INVESTMENT 09247J102 40 4155 SH SOLE 1 4155 0 0
QUALITY TERM TRUST
BLOCK H & R INC COM 093671105 28 563 SH SOLE 1 348 0 215
BOEING INC 097023105 49 1200 SH SOLE 1 600 0 600
BRINKER INTL INC 109641100 15 414 SH SOLE 1 238 0 176
BRINK'S COMPANY, INC 109696104 4 180 SH SOLE 1 105 0 75
BRISTOL MYERS SQUIBB CO 110122108 475 19633 SH SOLE 1 19198 0 435
BRISTOL MYERS SQUIBB CO 110122108 48 2000 SH DEFINED 1 2000 0 0
BROOKLINE BANCORP INC 11373M107 1 84 SH SOLE 1 50 0 34
BROWN TOM INC NEW 115660201 8 220 SH SOLE 1 130 0 90
BURLINGTON NORTHERN/SANTA FE CORP 12189T104 10 330 SH SOLE 1 0 0 330
CBRL GROUP INC COM 12489V106 40 1025 SH SOLE 1 975 0 50
CIGNA CORPORATION 125509109 21 360 SH SOLE 1 225 0 135
CLECO CORP COM 12561W105 10 576 SH SOLE 1 461 0 115
CSK AUTO CORP 125965103 7 430 SH SOLE 1 250 0 180
CNET NETWORKS INC 12613R104 1 118 SH SOLE 1 118 0 0
CVS CORP DELAWARE 126650100 15 434 SH SOLE 1 269 0 165
CADBURY SCHWEPPES PLC ADR 127209302 38 1200 SH SOLE 1 1200 0 0
CALLAWAY GOLF CO 131193104 13 710 SH SOLE 1 300 0 410
CAMPBELL SOUP CO COM 134429109 10 400 SH SOLE 1 400 0 0
CAPITAL ONE FINL CORP COM 14040H105 196 2600 SH SOLE 1 2600 0 0
CARAUSTAR INDUSTRIES, INC 140909102 7 615 SH SOLE 1 363 0 252
CARDINAL HEALTH INC COM 14149Y108 13 200 SH SOLE 1 200 0 0
CARNIVAL CORP 143658300 16 366 SH SOLE 1 206 0 160
CATERPILLAR INC 149123101 7 100 SH SOLE 1 100 0 0
CENDANT CORP COM 151313103 29 1226 SH SOLE 1 1000 0 226
CENTERPOINT ENERGY INC 15189T107 5 500 SH SOLE 1 0 0 500
CENTURYTEL, INC 156700106 83 3040 SH SOLE 1 3040 0 0
CHARTER COMMUNICATIONS INC DEL CL A 16117M107 2 600 SH SOLE 1 600 0 0
CHECKPOINT SYSTEMS 162825103 18 1000 SH SOLE 1 1000 0 0
CHEVRONTEXACO CORP 166764100 892 10172 SH SOLE 1 8588 0 1584
CHEVRONTEXACO CORP 166764100 116 1327 SH DEFINED 1 1327 0 0
CINERGY 172474108 3 75 SH SOLE 1 75 0 0
CISCO SYS INC 17275R102 977 41498 SH SOLE 1 35156 1650 4692
CISCO SYS INC 17275R102 36 1540 SH DEFINED 1 940 0 600
CITIGROUP, INC 172967101 1013 19607 SH SOLE 1 16691 0 2916
CITIGROUP, INC 172967101 419 8117 SH DEFINED 1 8117 0 0
CITIZENS HOLDING COMPANY 174715102 3656 158987 SH SOLE 1 158987 0 0
CLEAR CHANNEL COMMUNICATIONS 184502102 4 100 SH SOLE 1 100 0 0
COCA COLA BOTTLING CO CONS COM 191098102 18 370 SH SOLE 1 370 0 0
COCA COLA CO 191216100 1253 24917 SH SOLE 1 20437 0 4480
COCA COLA CO 191216100 70 1400 SH DEFINED 1 400 0 1000
COCA COLA ENTERPRISES INC COM 191219104 57 2400 SH SOLE 1 2400 0 0
COLGATE-PALMOLIVE CO 194162103 226 4112 SH SOLE 1 4112 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 1 0 0 200
COLONIAL BANCGROUP INC 195493309 4 240 SH SOLE 1 140 0 100
COLUMBIA SPORTSWEAR CO 198516106 4 75 SH SOLE 1 45 0 30
COMCAST CORP NEW CL A 20030N101 28 1005 SH SOLE 1 1005 0 0
COM
COMMSCOPE INC 203372107 16 1000 SH SOLE 1 1000 0 0
COMPUTER SCIENCES CORPORATION COMMON 205363104 3 99 SH DEFINED 1 0 0 99
COMSTOCK RES INC NEW 205768203 4 205 SH SOLE 1 0 0 205
CONAGRA FOODS INC COM 205887102 11 415 SH SOLE 1 0 0 415
CONAGRA FOODS INC COM 205887102 6 245 SH DEFINED 1 245 0 0
CONEXANT SYS INC COM 207142100 1 176 SH SOLE 1 176 0 0
CONOCO PHILLIPS 20825C104 401 5748 SH SOLE 1 4451 0 1297
CONSECO INC NEW 208464883 13 586 SH SOLE 1 363 0 223
CONSTELLATION ENERGY CORP 210371100 5 150 SH SOLE 1 150 0 0
COOPER TIRE & RUBBER CO 216831107 325 16173 SH SOLE 1 15083 0 1090
COOPER TIRE & RUBBER CO 216831107 2 100 SH DEFINED 1 100 0 0
CORRECTIONS CORP OF AMERICA 22025Y407 5 145 SH SOLE 1 0 0 145
COSTCO WHOLESALE CORP 22160K105 24 640 SH SOLE 1 445 0 195
CREDIT SUISSE GROUP ADR 225401108 4 134 SH SOLE 1 134 0 0
CRESCENT REAL ESTATE EQUITIE COM 225756105 6 345 SH SOLE 1 200 0 145
CROSS COUNTRY HEALTHCARE, INC 227483104 8 530 SH SOLE 1 310 0 220
CYTYC CORPORATION 232946103 6 295 SH SOLE 1 175 0 120
DNP SELECT INCOME FD INC 23325P104 12 1100 SH SOLE 1 1100 0 0
DTE ENERGY CO 233331107 22 535 SH SOLE 1 0 0 535
DANAHER CORP DEL COM 235851102 323 3465 SH SOLE 1 2205 0 1260
DEERE & CO 244199105 103 1500 SH SOLE 1 1500 0 0
DELL INC 24702R101 730 21737 SH SOLE 1 18570 0 3167
DELPHI AUTO SYSTEMS 247126105 2 250 SH SOLE 1 250 0 0
DELTA & PINE LD CO COM 247357106 12 509 SH SOLE 1 509 0 0
DELTIC TIMBER INC 247850100 224 6324 SH SOLE 1 6324 0 0
DELTIC TIMBER INC 247850100 22894 645471 SH DEFINED 1 242423 403048 0
DELUXE CORP 248019101 10 265 SH SOLE 1 0 0 265
DEVON ENERGY CORP NEW COM 25179M103 4 82 SH SOLE 1 82 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 3 75 SH SOLE 1 75 0 0
DIAMONDCLUSTER INTL INC COM 25278P106 1 200 SH SOLE 1 200 0 0
DIAMONDS 252787106 10 105 SH DEFINED 1 105 0 0
DIGENE CORP 253752109 3 105 SH SOLE 1 0 0 105
WALT DISNEY CO 254687106 376 15092 SH SOLE 1 10688 0 4404
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
DOMINION RES INC VA NEW 25746U109 1 25 SH SOLE 1 25 0 0
DOW CHEMICAL CO 260543103 84 2100 SH SOLE 1 2100 0 0
DOW CHEMICAL CO 260543103 19 483 SH DEFINED 1 483 0 0
DREYFUS STRATEGIC MUNICIPALS INC 261932107 20 2086 SOLE 1 2086 0 0
DREYFUS MUNICIPAL INCOME INC 26201R102 19 1832 SOLE 1 1832 0 0
DU PONT EI D NEMOURS & CO 263534109 216 5120 SH SOLE 1 3490 0 1630
DUKE ENERGY CORP COM 264399106 70 3114 SH SOLE 1 3114 0 0
DUKE REALTY CORP 264411505 11 345 SH SOLE 1 0 0 345
E-LOAN INC 26861P107 3 1000 SH SOLE 1 1000 0 0
EMC CORP 268648102 54 4000 SH SOLE 1 3650 350 0
EMC CORP 268648102 51 3800 SH DEFINED 1 3800 0 0
ENI S P A SPONSORED ADR 26874R108 11 115 SH SOLE 1 0 0 115
E TRADE FINANCIAL CORP 269246104 53 4000 SH SOLE 1 4000 0 0
EASTMAN KODAK CO 277461109 26 1000 SH SOLE 1 1000 0 0
EASTMAN KODAK CO 277461109 6 234 SH DEFINED 1 234 0 0
EATON CORP COM 278058102 398 7090 SH SOLE 1 3170 0 3920
ECHOSTAR COMMUN 278762109 16 500 SH SOLE 1 500 0 0
EDWARDS LIFESCIENCES CORP 28176E108 7 240 SH SOLE 1 240 0 0
EL PASO CORPORATION 28336L109 1 166 SH SOLE 1 166 0 0
ELAN CORP PLC ADR 284131208 2 100 SH SOLE 1 100 0 0
ELECTRONIC DATA SYS CORP NEW 285661104 7 400 SH SOLE 1 400 0 0
ELECTRONIC DATA SYS CORP NEW 285661104 5 280 SH DEFINED 1 280 0 0
EMERSON ELECTRIC CO 291011104 113 1900 SH SOLE 1 1900 0 0
EMULEX NETWORK SYSTEMS 292475209 7 345 SH SOLE 1 200 0 145
ENCORE WIRE CORP COM 292562105 792 21300 SH SOLE 1 900 0 20400
ENTERASYS NETWORKS INC 293637104 0 200 SH SOLE 1 200 0 0
ENTERGY CORP 29364G103 304 5116 SH SOLE 1 2116 0 3000
ENTERGY CORP 29364G103 35 593 SH DEFINED 1 593 0 0
EQUITY INNS, INC 294703103 13 1500 SH DEFINED 1 1500 0 0
EQUITY RESIDENTIAL PPTYS SBI 29476L107 13 436 SH SOLE 1 436 0 0
ESTERLINE TECHNOLOGIES CORP 297425100 7 310 SH SOLE 1 185 0 125
EXXON MOBIL CORP 30231G102 5803 139540 SH SOLE 1 134297 0 5243
EXXON MOBIL CORP 30231G102 1109 26676 SH DEFINED 1 16476 4700 5500
FPL GROUP INC 302571104 356 5336 SH SOLE 1 3445 0 1891
FSI INTERNATIONAL INC 302633102 2 270 SH SOLE 1 0 0 270
FAIR ISAAC & CO INC 303250104 5 165 SH SOLE 1 0 0 165
FED HMN LN MTG CORP VOTING 313400301 14 250 SH SOLE 1 250 0 0
COM
FNMA COM 313586109 103 1394 SH SOLE 1 1200 0 194
FEDERATED DEPT STORES INC 31410H101 5 95 SH SOLE 1 0 0 95
FEDEX CORPORATION 31428X106 120 1600 SH SOLE 1 1600 0 0
FIRST DATA CORP COM 319963104 3 91 SH SOLE 1 0 0 91
FIRST INDL RLTY TR INC 32054K103 17 450 SH SOLE 1 450 0 0
FIRST M & F CORP 320744105 43 1293 SH SOLE 1 1293 0 0
FIRST TENNESSEE NATIONAL CORP 337162101 51 1082 SH SOLE 1 1082 0 0
FIRSTMERIT CORP 337915102 3 130 SH SOLE 1 75 0 55
FIRST ENERGY CORP COMMON 337932107 12 328 SH SOLE 1 198 0 130
FLEET BOSTON CORP 339030108 48 1087 SH SOLE 1 976 0 111
FORD MOTOR COMPANY COMMON 345370860 27 2030 SH SOLE 1 1260 0 770
FORD MOTOR COMPANY COMMON 345370860 9 700 SH DEFINED 1 700 0 0
FOREST LABS 345838106 28 395 SH SOLE 1 266 0 129
FORRESTER RESEARCH INC 346563109 8 440 SH SOLE 1 260 0 180
40/86 STRATEGIC INCOME FUND 349739102 9 866 SH SOLE 1 866 0 0
FUELCELL ENERGY INC COM 35952H106 2 200 SH SOLE 1 200 0 0
FULTON FINANCIAL CORP -PA 360271100 7 355 SH SOLE 1 205 0 150
FURNITURE BRANDS INTL 360921100 9 310 SH SOLE 1 185 0 125
GSI COMMERCE INC 36238G102 0 29 SH SOLE 1 29 0 0
GAP INC DEL 364760108 35 1641 SH SOLE 1 1500 0 141
COM
GENERAL ELECTRIC CO 369604103 2237 73297 SH SOLE 1 72922 0 375
GENERAL ELECTRIC CO 369604103 181 5940 SH DEFINED 1 4740 0 1200
GENERAL MLS INC COM 370334104 14 320 SH SOLE 1 320 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 1 0 0 20
GEN MTR CORP 370442105 51 1095 SH SOLE 1 540 0 555
GENOME THERAPEUTICS CORP COM 372430108 5 1000 SH SOLE 1 0 0 1000
GEORGIA PAC CORP 373298108 43 1290 SH SOLE 1 1290 0 0
GETTY IMAGES INC 374276103 6 115 SH SOLE 1 0 0 115
GILLETTE CO 375766102 345 8846 SH SOLE 1 6616 0 2230
GILLETTE CO 375766102 130 3335 SH DEFINED 1 3335 0 0
GLAXO WELLCOME PLC SPONSORED ADR 37733W105 35 882 SH SOLE 1 314 0 568
GOLD FIELDS LTD SPONS ADR 38059T106 2 155 SH SOLE 1 155 0 0
GOLDMAN SACHS GROUP 38141G104 33 322 SH SOLE 1 178 0 144
GOODYEAR TIRE & RUBBER 382550101 4 526 SH SOLE 1 526 0 0
GRAFTECH INTERNATIONAL INC 384313102 4 270 SH SOLE 1 0 0 270
GREAT LAKES CHEM CORP COM 390568103 42 1785 SH DEFINED 1 1785 0 0
GREAT PLAINS ENERGY INC 391164100 62 1855 SH SOLE 1 1855 0 0
GUIDANT CORP COM 401698105 154 2444 SH SOLE 1 2389 0 55
GUITAR CENTER INC 402040109 5 140 SH SOLE 1 0 0 140
HCA INC. 404119109 52 1297 SH SOLE 1 1127 0 170
HCC INSURANCE HOLDINGS, INC 404132102 8 265 SH SOLE 1 155 0 110
HALLIBURTON CO COM 406216101 376 12388 SH SOLE 1 8185 0 4203
HANCOCK FABRICS 409900107 25 1600 SH SOLE 1 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 268 8690 SH SOLE 1 8690 0 0
CEF HANCOCK JOHN PFD 41013X106 10 400 SH SOLE 1 400 0 0
HARLEY DAVIDSON INC COM 412822108 38 716 SH SOLE 1 482 0 234
HARRIS CORP 413875105 67 1400 SH SOLE 1 1400 0 0
HARTFORD FNCL SV GRP INC COM 416515104 7 111 SH SOLE 1 0 0 111
HARTFORD FNCL SV GRP INC COM 416515104 12 200 SH DEFINED 1 200 0 0
HASBRO, INC 418056107 17 787 SH DEFINED 1 787 0 0
HEADWATERS INC 42210P102 11 460 SH SOLE 1 270 0 190
HEINZ H J CO COM 423074103 10 273 SH SOLE 1 273 0 0
HEWLETT PACKARD CO 428236103 738 32325 SH SOLE 1 25569 0 6756
HEWLETT PACKARD CO 428236103 9 400 SH DEFINED 1 0 0 400
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
HIBERNIA CORP 428656102 7097 302278 SH SOLE 1 300378 0 1900
HIBERNIA CORP 428656102 21 900 SH DEFINED 1 900 0 0
HIGH INCOME OPPORTUNITY FD 42967Q105 17 2500 SH SOLE 1 2500 0 0
HILB ROGAL & HAMILTON COMPANY 431294107 6 177 SH SOLE 1 102 0 75
HOME DEPOT 437076102 866 23183 SH SOLE 1 20470 0 2713
HOME DEPOT 437076102 57 1532 SH DEFINED 1 1532 0 0
HOMESTORE INC COM 437852106 0 180 SH SOLE 1 180 0 0
HUBBELL INC CL B 443510201 40 1000 SH SOLE 1 0 0 1000
HUDSON UNITED BANCORP 444165104 3 80 SH SOLE 1 45 0 35
ING PRIME RATE TR SH BEN INT 44977W106 111 13907 SH SOLE 1 13907 0 0
IKON OFFICE SOLUTIONS INC COM 451713101 7 580 SH DEFINED 1 580 0 0
ILLINOIS TOOL WORKS INC 452308109 6 76 SH SOLE 1 76 0 0
IMATION CORP 45245A107 9 245 SH SOLE 1 145 0 100
IMPERIAL TOBACCO PLC SPON ADR 453142101 3 90 SH SOLE 1 90 0 0
ING GROEP N V 456837103 19 866 SH SOLE 1 548 0 318
INPUT/OUTPUT INC 457652105 10 1346 SH SOLE 1 783 0 563
INTERGRATED CIRCUIT SYSTEMS NEW, 45811K208 4 180 SH SOLE 1 0 0 180
INC
INTEGRATED DEVICE TECHNOLOGY 458118106 3 225 SH SOLE 1 0 0 225
INTEGRATED SILICON 45812P107 8 480 SH SOLE 1 0 0 480
INTEL CORP CAP 458140100 1598 58752 SH SOLE 1 50389 0 8363
INTEL CORP CAP 458140100 102 3780 SH DEFINED 1 2980 0 800
IBM CORP 459200101 1398 15227 SH SOLE 1 11340 0 3887
IBM CORP 459200101 39 425 SH DEFINED 1 425 0 0
INTL PAPER CO 460146103 373 8845 SH SOLE 1 5844 0 3001
INTL PAPER CO 460146103 38 900 SH DEFINED 1 0 900 0
INVESTORS FINANCIAL SERVICE CORP 461915100 4 100 SH SOLE 1 0 0 100
IONICS, INC 462218108 9 320 SH SOLE 1 190 0 130
ITRON INC 465741106 3 170 SH SOLE 1 100 0 70
JDS UNIPHASE CORP COM 46612J101 0 120 SH SOLE 1 120 0 0
J P MORGAN CHASE & CO 46625H100 448 10685 SH SOLE 1 7822 0 2863
J P MORGAN CHASE & CO 46625H100 62 1500 SH DEFINED 1 1500 0 0
JANUS CAPITAL GROUP INC. 47102X105 9 600 SH SOLE 1 600 0 0
JEFFERSON PILOT CORPORATION 475070108 11 215 SH SOLE 1 0 0 215
JOHNSON & JOHNSON 478160104 1941 38273 SH SOLE 1 36607 0 1666
JOHNSON & JOHNSON 478160104 432 8520 SH DEFINED 1 4845 1200 2475
JOHNSON CONTROLS INC 478366107 378 6403 SH SOLE 1 4275 0 2128
JONES APPAREL GROUP INC 480074103 5 145 SH DEFINED 1 145 0 0
KLA TENCOR CORP 482480100 5 100 SH SOLE 1 100 0 0
KERR-MCGEE CORPORATION INC 492386107 11 220 SH SOLE 1 0 0 220
KEYCORP NEW 493267108 22 745 SH SOLE 1 0 0 745
KEYSPAN CORP COM 49337W100 10 285 SH SOLE 1 0 0 285
KIMBERLY-CLARK CORP 494368103 24 385 SH SOLE 1 200 0 185
KIMBERLY-CLARK CORP 494368103 21 340 SH DEFINED 1 340 0 0
KINDER MORGAN ENERGY PARTNERS, L.P. 494550106 10 232 SH SOLE 1 232 0 0
KONINKLIJKE PHLPS ELECTRS N V SP ADR NEW 500472303 7 242 SH SOLE 1 95 0 147
KROGER CO 501044101 203 12218 SH SOLE 1 8088 0 4130
KYOCERA CORP 501556203 4 52 SH SOLE 1 52 0 0
LSI LOGIC CORP COM 502161102 3 400 SH SOLE 1 400 0 0
LAFARGE SPONSORED ADR 505861401 3 180 SH SOLE 1 180 0 0
ESTEE LAUDER CO 518439104 26 600 SH DEFINED 1 600 0 0
LEHMAN BROTHERS HOLDINGS COM 524908100 335 4045 SH SOLE 1 2790 0 1255
LEVEL 3 COMMUNICATIONS INC 52729N100 24 6037 SH SOLE 1 6037 0 0
LEXMARK INTL NEW CL A 529771107 529 5753 SH SOLE 1 3593 0 2160
THE LIBERTY CORPORATION 530370105 111 2400 SH SOLE 1 2400 0 0
ELI LILLY & CO 532457108 586 8765 SH SOLE 1 7390 0 1375
ELI LILLY & CO 532457108 100 1500 SH DEFINED 1 1500 0 0
LIMITED BRANDS, INC 532716107 28 1425 SH SOLE 1 515 0 910
LINCOLN NATIONAL CORP IND 534187109 16 344 SH SOLE 1 0 0 344
LIONBRIDGE TECHNOLOGIES INC 536252109 3 405 SH SOLE 1 0 0 405
LOCKHEED MARTIN CORP 539830109 4 100 SH SOLE 1 100 0 0
LOWES CO INC 548661107 246 4400 SH SOLE 1 4400 0 0
LUCENT TECHNOLOGIES 549463107 85 20705 SH SOLE 1 19605 0 1100
LUCENT TECHNOLOGIES 549463107 4 1000 SH DEFINED 1 1000 0 0
M & T BANK CORP 55261F104 179 2000 SH SOLE 1 2000 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 6 1000 SH SOLE 1 1000 0 0
MI DEVS INC 55304X104 7 250 SH DEFINED 1 250 0 0
MSC INDL DIRECT CO A 553530106 5 170 SH SOLE 1 0 0 170
MAGELLAN MIDSTREAM PARTNERS LP 559080106 10 200 SH SOLE 1 200 0 0
MANDALAY RESORT GROUP COM 562567107 4 75 SH DEFINED 1 75 0 0
MANULIFE FINANCIAL CORP 56501R106 1384 37281 SH SOLE 1 37281 0 0
MARATHON OIL CORP 565849106 15 448 SH SOLE 1 0 0 448
MARVEL ENTERPRISES, INC 57383M108 8 427 SH SOLE 1 0 0 427
MASCO CORPORATION 574599106 238 7826 SH SOLE 1 4920 0 2906
MATTELL INC 577081102 12 703 SH SOLE 1 435 0 268
MAXIM INTEGRATED PRODUCTS INC 57772K101 24 513 SH SOLE 1 356 0 157
MAY DEPARTMENT STORES CO 577778103 12 375 SH SOLE 1 0 0 375
MAVERICK TUBE CORP 577914104 3 165 SH SOLE 1 0 0 165
MCDATA CORP CLASS A 580031201 0 73 SH DEFINED 1 73 0 0
MCDONALD'S CORP 580135101 429 15042 SH SOLE 1 10992 0 4050
MEADWESTVACO CORP 583334107 43 1547 SH SOLE 1 1547 0 0
MEDCO HEALTH SOLUTIONS INC 58405U102 23 687 SH SOLE 1 553 0 134
MEDICINES COMPANY 584688105 5 175 SH SOLE 1 0 0 175
MEDIMMUNE INC COM 584699102 14 639 SH SOLE 1 639 0 0
MEDTRONIC INC COM 585055106 17 360 SH SOLE 1 360 0 0
MELLON FINL CORP 58551A108 25 800 SH SOLE 1 800 0 0
MERCK & CO INC 589331107 1310 29665 SH SOLE 1 26490 0 3175
MERCK & CO INC 589331107 55 1250 SH DEFINED 1 1250 0 0
MERISTAR HOSPITALITY CORP 58984Y103 4 670 SH SOLE 1 395 0 275
MERRILL LYNCH & CO, INC 590188108 19 320 SH SOLE 1 320 0 0
METLIFE INC COM 59156R108 90 2529 SH SOLE 1 2529 0 0
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
METLIFE INC COM 59156R108 6 170 SH DEFINED 1 170 0 0
MICROSOFT CORP 594918104 631 25313 SH SOLE 1 24614 0 699
MICROSOFT CORP 594918104 26 1060 SH DEFINED 1 260 0 800
MICROSTRATEGY INC CLASS A 594972408 3 75 SH SOLE 1 0 0 75
MID-AMERICA APARTMENT CMNTYS 59522J103 37 1000 SH DEFINED 1 1000 0 0
MIDAS GROUP INC 595626102 12 666 SH SOLE 1 666 0 0
MILLER HERMAN INC COM 600544100 71 2705 SH SOLE 1 2645 0 60
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MITSUBISHI TOKYO FNCL GROUP INC ADR 606816106 4 475 SH SOLE 1 475 0 0
SPND
MONSANTO CO. (NEW) 61166W101 6 187 SH SOLE 1 187 0 0
MONSANTO CO. (NEW) 61166W101 5 150 SH DEFINED 1 150 0 0
MOODYS CORP 615369105 51 725 SH SOLE 1 602 0 123
MORGAN STANLEY DEAN WITTER 617446448 471 8232 SH SOLE 1 6588 0 1644
DISCOVER & CO
MORGAN STANLEY DEAN WITTER 617446448 14 260 SH DEFINED 1 260 0 0
DISCOVER & CO
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MOTOROLA INC 620076109 10 600 SH DEFINED 1 300 0 300
MUNICIPAL MORTGAGE & EQUITY LLC - 62624B101 102 4000 SH SOLE 1 4000 0 0
GROWTH SH
MUNIVEST FD INC COM 626295109 48 5000 SOLE 1 5000 0 0
MURPHY OIL CORP COM 626717102 4536 72043 SH SOLE 1 72043 0 0
MURPHY OIL CORP COM 626717102 292829 4650306 SH DEFINED 1 2068366 2581940 0
MYLAN LABORATORIES INC 628530107 43 1908 SH SOLE 1 1908 0 0
NASDAQ 100 TRUST 631100104 7 200 SH SOLE 1 200 0 0
NATIONAL COMM FINL CORP 63545P104 74 2600 SH SOLE 1 2600 0 0
NEIGHBORCARE INC 64015Y104 4 190 SH SOLE 1 0 0 190
NEWPORT INC 651824104 3 215 SH SOLE 1 0 0 215
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NICOR INC COM 654086107 15 450 SH SOLE 1 450 0 0
NIKE INC CLASS B 654106103 54 700 SH SOLE 1 700 0 0
NIPPON TEL & TEL SPON ADR 654624105 4 155 SH SOLE 1 155 0 0
NOKIA CORP SPND ADR 654902204 56 2786 SH SOLE 1 2408 0 378
NOBLE ENERGY INC 655044105 47 1000 SH SOLE 1 1000 0 0
NOMURA HOLDINGS INC ADR 65535H208 4 270 SH SOLE 1 270 0 0
NORFOLK SO CORP 655844108 31 1434 SH SOLE 1 1434 0 0
NORTEL NETWORK CORP NEW 656568102 29 5000 SH SOLE 1 5000 0 0
NORTHERN TRUST COMPANY NTRS 665859104 82 1780 SH SOLE 1 1780 0 0
NORTHERN TRUST COMPANY NTRS 665859104 167 3600 SH DEFINED 1 3600 0 0
NORTHRUP GRUMMAN 666807102 3 33 SH SOLE 1 0 0 33
NORTHWESTERN CORPORATION 668074107 0 330 SH SOLE 1 330 0 0
NOVARTIS AG SPONSORED ADR 66987V109 3 80 SH SOLE 1 80 0 0
NOVEN PHARMACEUTICALS 670009109 4 215 SH SOLE 1 0 0 215
NU SKIN ENTERPRISES INC CLASS A 67018T105 10 497 SH SOLE 1 293 0 204
NUVEEN INSD PREMIUM INCOME MUNI FD 6706D8104 5 388 SOLE 1 338 0 0
NUVEEN MUNICIPAL MARKET OPP 67062W103 53 3529 SOLE 1 3529 0 0
OKLAHOMA GAS & ELEC ENERGY CORP 670837103 26 1000 SH SOLE 1 1000 0 0
NUVEEN QUALITY INCOME MUNI 670977107 7 500 SH SOLE 1 500 0 0
NUVEEN PREMIER MUNICIPAL INC 670988104 24 1565 SH SOLE 1 1565 0 0
OSI PHARMACEUTICALS INC COM 671040103 0 5 SH SOLE 1 5 0 0
OCCIDENTAL PETE COR DEL 674599105 33 735 SH SOLE 1 500 0 235
OCWEN FINANCIAL CORP 675746101 7 781 SH SOLE 1 462 0 319
OHIO CASUALTY CORP 677240103 7 385 SH SOLE 1 225 0 160
OLIN CORP 680665205 2 166 SH DEFINED 1 166 0 0
OMNICOM GROUP 681919106 24 300 SH SOLE 1 300 0 0
OMNIVISION TECHNOLOGIES 682128103 3 140 SH SOLE 1 0 0 140
ORACLE SYSTEMS CORP 68389X105 167 13950 SH SOLE 1 9320 0 4630
PPG INDUSTRIES INC 693506107 38 659 SH SOLE 1 600 0 59
PACIFIC CAPITAL BANCORP 69404P101 5 131 SH SOLE 1 76 0 55
PACTIV COPR 695257105 36 1649 SH SOLE 1 1396 0 253
PATTERSON UTI ENERGY INC 703481101 3 105 SH SOLE 1 0 0 105
PAYCHEX INC 704326107 5 150 SH SOLE 1 150 0 0
PCCW LTD SONSORED ADR 70454G207 3 494 SH DEFINED 1 494 0 0
PENTAIR INC 709631105 9 165 SH SOLE 1 105 0 60
PEOPLES ENERGY CORP COM 711030106 22 500 SH DEFINED 1 500 0 0
PEOPLES HLDG CO COM 711148106 43 1300 SH SOLE 1 1300 0 0
PEPCO HLDGS INC 713291102 6 327 SH SOLE 1 327 0 0
PEPSIAMERICAS INC 71343P200 81 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1627 30221 SH SOLE 1 29956 0 265
PEPSICO INC COM 713448108 114 2130 SH DEFINED 1 430 1100 600
PETSMART INC 716768106 8 305 SH SOLE 1 0 0 305
PFIZER INC 717081103 1591 45419 SH SOLE 1 44703 0 716
PFIZER INC 717081103 189 5417 SH DEFINED 1 3817 0 1600
PHARMACEUTICAL RES INC 717125108 6 110 SH SOLE 1 0 0 110
THE PHOENIX COMPANIES 71902E109 14 1051 SH SOLE 1 1051 0 0
PITNEY BOWES INC COM 724479100 14 330 SH SOLE 1 220 0 110
PLACER DOME INC 725906101 3 170 SH SOLE 1 170 0 0
PLUM CREEK TIMBER CO INC 729251108 9 285 SH DEFINED 1 285 0 0
POPE & TALBOT INC DELAWARE 732827100 5 343 SH SOLE 1 203 0 140
PORTFOLIO RECOVERY ASSOCIATES INC 73640Q105 2 95 SH SOLE 1 0 0 95
POTLATCH CORP COM 737628107 6 150 SH SOLE 1 150 0 0
POWER TECHNOLOGIES 739363109 8 1140 SH SOLE 1 665 0 475
PRAXAIR INC COM 74005P104 22 600 SH DEFINED 1 600 0 0
PRINCIPAL FINANCIAL GROUP 74251V102 43 1221 SH SOLE 1 1221 0 0
PRIORITY HEALTHCARE INC CL B 74264T102 3 165 SH SOLE 1 0 0 165
PROCTER & GAMBLE CO COM 742718109 1461 13936 SH SOLE 1 12616 0 1320
PROCTER & GAMBLE CO COM 742718109 146 1400 SH DEFINED 1 1400 0 0
PROGRESS ENERGY INC COM 743263105 10 232 SH SOLE 1 232 0 0
PRUDENTIAL FINANCIAL 744320102 180 4024 SH SOLE 1 4024 0 0
PUBLIC SVC ENTERPRISE GROUP INC 744573106 5 110 SH SOLE 1 0 0 110
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
PUBLIC STORAGE, INC REIT 74460D109 8 180 SH SOLE 1 180 0 0
PUTNAM MANAGED MUNICIPAL INCOME 746823103 3 500 DEFINED 1 0 0 500
TRUST
PUTNAM MASTER INTER INC R 746909100 7 1150 SH SOLE 1 1150 0 0
QLOGIC CORP COM 747277101 34 1053 SH SOLE 1 1053 0 0
QUALCOMM INC 747525103 13 200 SH SOLE 1 200 0 0
QUANTA SERVICES, INC 74762E102 8 1225 SH SOLE 1 730 0 495
QWEST COMMUNICATIONS INTL INC COM 749121109 8 1865 SH SOLE 1 1865 0 0
CEF RMK HIGH INCOME FUND 74963B105 16 1008 SH SOLE 1 1008 0 0
RADISYS CORP 750459109 3 185 SH SOLE 1 0 0 185
RALCORP HOLDINGS NEW COM 751028101 2 66 SH DEFINED 1 0 0 66
RAYOVAC CORP 755081106 9 315 SH SOLE 1 185 0 130
RAYTHEON CO NEW 755111507 205 6570 SH SOLE 1 4469 0 2101
RAYTHEON CO NEW 755111507 3 110 SH DEFINED 1 110 0 0
REGIONS FNCL CORP 758940100 631 17300 SH SOLE 1 16100 0 1200
REGIONS FNCL CORP 758940100 65 1786 SH DEFINED 1 0 1786 0
RELIANT RESOURCES INC 75952B105 3 394 SH SOLE 1 0 0 394
RELIANT RESOURCES INC 75952B105 16 2022 SH DEFINED 1 2022 0 0
REMINGTON OIL & GAS CORP COM 759594302 15 800 SH SOLE 1 800 0 0
REYNOLDS R J TOB HLDGS INC 76182K105 11 185 SH SOLE 1 0 0 185
RIO TINTO GBP 767204100 2 22 SH SOLE 1 22 0 0
ROCKWELL INTL CORP NEW 773903109 6 177 SH SOLE 1 177 0 0
ROCKWELL COLLINS INC 774341101 5 177 SH SOLE 1 177 0 0
ROGERS CORP 775133101 3 65 SH SOLE 1 0 0 65
ROWAN COMPANIES INC 779382100 7 370 SH SOLE 1 220 0 150
ROXIE INC 780008108 0 65 SH SOLE 1 65 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 104 2203 SH SOLE 1 2203 0 0
ROYAL DUTCH PETE CO NY REG GLD1.25 780257804 152 3200 SH DEFINED 1 0 0
RUBY TUESDAY INC 781182100 34 1060 SH DEFINED 1 0 0 1060
SBC COMMUNICATIONS, INC 78387G103 729 29742 SH SOLE 1 25188 0 4554
SBC COMMUNICATIONS, INC 78387G103 19 780 SH DEFINED 1 780 0 0
STANDARD & POORS DEP RECEIPTS 78462F103 10 95 SH DEFINED 1 95 0 0
ST JUDE MEDICAL 790849103 374 5195 SH SOLE 1 3300 0 1895
ST PAUL COS INC 792860108 11 275 SH SOLE 1 0 0 275
ST PAUL COS INC 792860108 6 150 SH DEFINED 1 150 0 0
SANMINA CORP 800907107 3 306 SH SOLE 1 306 0 0
SARA LEE CORP COM 803111103 81 3711 SH SOLE 1 3364 0 347
SCANA CORP NEW 80589M102 7 222 SH SOLE 1 222 0 0
SCHERING PLOUGH CORP COM 806605101 412 25424 SH SOLE 1 22864 0 2560
SCHERING PLOUGH CORP COM 806605101 307 19000 SH DEFINED 1 0 19000 0
SCHLUMBERGER LTD COM 806857108 438 6875 SH SOLE 1 4940 0 1935
SCRIPPS EW INC NEW CL A 811054204 30 300 SH SOLE 1 300 0 0
SEARS ROEBUCK & CO COM 812387108 81 1900 SH SOLE 1 1900 0 0
SEARS ROEBUCK & CO COM 812387108 7 167 SH DEFINED 1 167 0 0
SELECT COMFORT CORP 81616X103 4 155 SH SOLE 1 0 0 155
SELECT MEDICAL CORP 816196109 3 210 SH SOLE 1 0 0 210
SELIGMAN SELECT MUN FD INC 816344105 14 1250 SH SOLE 1 1250 0 0
SEMTECH CORP 816850101 5 230 SH SOLE 1 0 0 230
SEMPRA ENERGY COM 816851109 11 365 SH SOLE 1 0 0 365
SEROLOGICALS CORP 817523103 8 410 SH SOLE 1 235 0 175
SERVICEMASTER COMPANY COM 81760N109 91 7593 SH SOLE 1 7593 0 0
SHELL TRANS & TRADING PLC NEW YRK SH 822703609 71 1800 SH DEFINED 1 1800 0 0
NEW
SHERWIN WILLIAMS CO COM 824348106 21 550 SH SOLE 1 550 0 0
SIEMENS AG SPONS ADR 826197501 4 55 SH SOLE 1 55 0 0
SIMMONS 1ST NATL CORP CL A $5 PAR 828730200 414 15038 SH SOLE 1 15038 0 0
SIMMONS 1ST NATL CORP CL A $5 PAR 828730200 13 500 SH DEFINED 1 500 0 0
SIRIUS SATTELITE RADIO 82966U103 34 10000 SH SOLE 1 10000 0 0
SKYWEST INC 830879102 4 215 SH SOLE 1 0 0 215
SKYWORKS SOLUTIONS 83088M102 0 61 SH SOLE 1 61 0 0
SMITHFIELD FOODS INC DE 832248108 11 439 SH SOLE 1 272 0 167
SMUCKER J M CO 832696405 0 7 SH SOLE 1 7 0 0
SMURFIT-STONE CONTAINER CORP 832727101 8 495 SH SOLE 1 495 0 0
SNAP ON INC 833034101 7 240 SH SOLE 1 145 0 95
SOLUTIA INC COM 834376105 0 500 SH SOLE 1 500 0 0
SONIC WALL INC 835470105 11 1315 SH SOLE 1 775 0 540
SONY CORP 835699307 41 1000 SH DEFINED 1 1000 0 0
SOUTHERN CO COM 842587107 396 13003 SH SOLE 1 13003 0 0
SOUTHERN CO COM 842587107 79 2600 SH DEFINED 1 2600 0 0
SOUTHWEST AIRLS CO COM 844741108 7 505 SH SOLE 1 505 0 0
SOUTHWEST BANCORPATION 84476R109 3 85 SH SOLE 1 0 0 85
SPINNAKER EXPLORATION CO 84855W109 9 265 SH SOLE 1 155 0 110
SPRINT CORP COM FON 852061100 1044 56670 SH SOLE 1 56000 0 670
GROUP
SPRINT CORP PCS SR 1 852061506 10 1156 SH SOLE 1 716 0 440
STANCORP FINANCIAL GROUP 852891100 5 85 SH SOLE 1 50 0 35
STANLEY WORKS 854616109 12 290 SH SOLE 1 0 0 290
STARBUCKS CORP 855244109 39 1039 SH SOLE 1 744 0 295
STEWART ENTERPRISES 860370105 29 4000 SH SOLE 1 4000 0 0
STONE ENERGY CORP 861642106 8 165 SH SOLE 1 95 0 70
SUN LIFE FINANCIAL 866796105 360 13417 SH SOLE 1 13417 0 0
SUN MICROSYSTEMS 866810104 5 1400 SH SOLE 1 1400 0 0
SUNGARD DATA SYSTEMS 867363103 4 148 SH SOLE 1 0 0 148
SUNOCO INC 86764P109 49 800 SH SOLE 1 800 0 0
SUNTRUST BANKS INC COM 867914103 58 843 SH SOLE 1 843 0 0
SUPER VALU INC 868536103 12 415 SH SOLE 1 0 0 415
SUPPORTSOFT INC 868587106 4 380 SH SOLE 1 0 0 380
SYNOVUS FINL CORP 87161C105 27 1125 SH SOLE 1 1125 0 0
TDC A/S SPONSORED ADR 87236N102 2 115 SH SOLE 1 115 0 0
TECO ENERGY INC COM 872375100 2 200 SH SOLE 1 200 0 0
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
TEPPCO PARTNERS LP 872384102 7 270 SH DEFINED 1 270 0 0
TTM TECHNOLOGIES 87305R109 2 205 SH SOLE 1 0 0 205
TXU CORP 873168108 42 1500 SH SOLE 1 0 0 1500
TARGET CORP 87612E106 398 8848 SH SOLE 1 6456 0 2392
TARGET CORP 87612E106 18 400 SH DEFINED 1 400 0 0
TELEFONICA SA SPONSORED ADR 879382208 2 52 SH SOLE 1 52 0 0
TELLABS INC DELAWARE 879664100 5 600 SH SOLE 1 600 0 0
TELLABS INC DELAWARE 879664100 1 200 SH DEFINED 1 200 0 0
TEVA PHARMACEUTICAL IND ADR'S 881624209 23 365 SH SOLE 1 249 0 116
TEXAS GENCO HOLDINGS INC. 882443104 0 25 SH SOLE 1 0 0 25
TEXAS GENCO HOLDINGS INC. 882443104 4 128 SH DEFINED 1 128 0 0
TEXAS INSTRUMENTS 882508104 218 7475 SH SOLE 1 5255 0 2220
TEXAS INSTRUMENTS 882508104 6 224 SH DEFINED 1 224 0 0
TEXTRON INCORPORATED COMM 883203101 388 7302 SH SOLE 1 4665 0 2637
TIFFANY & CO NEW 886547108 83 2200 SH SOLE 1 2200 0 0
TIME WARNER INC 887317105 474 28160 SH SOLE 1 27618 0 542
TOTAL FINA ELF S.A. ADR 89151E109 3 40 SH SOLE 1 40 0 0
TOYOTA MOTOR CORP ADR NEW 892331307 4 60 SH SOLE 1 60 0 0
TRAVELERS PROPERTY CASUALTY CORP CL A 89420G109 18 1104 SH SOLE 1 683 0 421
TRAVELERS PROPERTY CASUALTY CORP CL A 89420G109 5 345 SH DEFINED 1 345 0 0
TRAVELERS PPTY & CAS CORP NEW CLASS B 89420G406 12 709 SH DEFINED 1 709 0 0
TRIAD HOSPS INC 89579K109 5 175 SH SOLE 1 105 0 70
TRIBUNE COMPANY 896047107 60 1200 SH SOLE 1 1200 0 0
TRUSTMARK CORP COM 898402102 590 20336 SH SOLE 1 20336 0 0
TYCO INTL LTD NEW COM 902124106 15 547 SH SOLE 1 350 0 197
TYSON FOODS INC CL A 902494103 13 750 SH SOLE 1 0 0 750
TYSON FOODS INC CL A 902494103 98 5470 SH DEFINED 1 5470 0 0
UCBH HOLDINGS INC 90262T308 4 105 SH SOLE 1 0 0 105
UST INC COMMON STOCK 902911106 2 77 SH SOLE 1 0 0 77
USA TRUCK INC -RESTRICTED 902925106 594 61498 SH SOLE 1 61498 0 0
US BANCORP DEL NEW 902973304 17 644 SH SOLE 1 288 0 356
ULTRA PETROLEUM CORP-CAD 903914109 9 330 SH SOLE 1 0 0 330
ULTRATECH STEPPER INC 904034105 6 260 SH SOLE 1 105 0 155
UNIFI INC 904677101 3 764 SH SOLE 1 450 0 314
UNILEVER NV NY NEW 904784709 3 54 SH SOLE 1 54 0 0
UNION PACIFIC CORP 907818108 23 400 SH SOLE 1 350 0 50
UNION PACIFIC CORP 907818108 227 3800 SH DEFINED 1 0 3800 0
UNION PLANTERS CORP 908068109 1185 39742 SH SOLE 1 38997 0 745
UNITED STATIONERS INC 913004107 5 135 SH SOLE 1 75 0 60
UNITED THERA PEUTICS CORP 91307C102 3 145 SH SOLE 1 0 0 145
UNOCAL CORP COM 915289102 6 165 SH DEFINED 1 165 0 0
UNUMPROVIDENT CORP 91529Y106 11 770 SH SOLE 1 0 0 770
VF CORPORATION 918204108 23 505 SH SOLE 1 0 0 505
VALASSIS COMMUNICATIONS INC 918866104 4 145 SH SOLE 1 85 0 60
VARIAN MEDICAL SYSTEMS 92220P105 23 272 SH SOLE 1 191 0 81
VENTAS INC COM 92276F100 3 140 SH DEFINED 1 140 0 0
VERIZON COMMUNICATIONS 92343V104 891 24405 SH SOLE 1 17370 0 7035
VERIZON COMMUNICATIONS 92343V104 88 2419 SH DEFINED 1 2419 0 0
VIAD CORP 92552R109 8 348 SH SOLE 1 348 0 0
VIACOM INC CL B 925524308 132 3380 SH SOLE 1 2959 0 421
VIACOM INC CL B 925524308 12 325 SH DEFINED 1 325 0 0
VISTEON CORP 92839U107 0 75 SH SOLE 1 75 0 0
VODAFONE GROUP PLC NEW 92857W100 88 3704 SH SOLE 1 3704 0 0
W.P.CAREY & CO., LLC 92930Y107 76 2474 SH SOLE 1 2474 0 0
WACHOVIA CORP 2ND NEW 929903102 720 15333 SH SOLE 1 13284 0 2049
WACHOVIA CORP 2ND NEW 929903102 23 500 SH DEFINED 1 500 0 0
WAL MART STORES INC COM 931142103 2646 44339 SH SOLE 1 39869 0 4470
WAL MART STORES INC COM 931142103 350 5876 SH DEFINED 1 2776 3000 100
WALGREEN CO COM 931422109 91 2775 SH SOLE 1 2574 0 201
WASHINGTON MUTUAL INC 939322103 52 1232 SH SOLE 1 600 0 632
WASTE CONNECTIONS INC 941053100 2 70 SH SOLE 1 0 0 70
WASTE MANAGEMENT INC NEW 94106L109 155 5143 SH SOLE 1 2525 0 2618
WASTE MANAGEMENT INC NEW 94106L109 9 331 SH DEFINED 1 330 0 1
WATSON WYATT & CO HLDGS CLASS A 942712100 8 355 SH SOLE 1 210 0 145
WEINGARTEN RLTY INVS SH BEN INT 948741103 51 1500 SH SOLE 1 1500 0 0
WELLS FARGO & CO. NEW 949746101 255 4511 SH SOLE 1 4135 0 376
WELLS FARGO & CO. NEW 949746101 11 200 SH DEFINED 1 200 0 0
WEST MARINE INC 954235107 6 215 SH SOLE 1 0 0 215
WESTAR ENERGY INC 95709T100 4 200 SH SOLE 1 200 0 0
WESTELL TECHNOLOGIES INC CL A 957541105 3 465 SH SOLE 1 0 0 465
WEYERHAEUSER CO COM 962166104 32 500 SH SOLE 1 0 0 500
WHIRLPOOL CORP 963320106 11 160 SH SOLE 1 0 0 160
WHITNEY HOLDING CORP COMMON 966612103 132 3180 SH SOLE 1 3180 0 0
WILD OATS MKTS INC 96808B107 9 774 SH SOLE 1 455 0 319
WISCONSIN ENERGY CORP 976657106 6 190 SH DEFINED 1 190 0 0
WRIGHT MEDICAL GROUP 98235T107 3 120 SH SOLE 1 0 0 120
WYETH 983024100 484 12905 SH SOLE 1 9475 0 3430
WYETH 983024100 11 300 SH DEFINED 1 300 0 0
XM SATELLITE 983759101 698 25000 SH SOLE 1 25000 0 0
XCEL ENERGY INC 98389B100 2 154 SH SOLE 1 154 0 0
XILINX INC 983919101 3 100 SH SOLE 1 100 0 0
YANKEE CANDLE CO INC 984757104 8 300 SH SOLE 1 175 0 125
YUM BRANDS INC 988498101 99 2626 SH SOLE 1 2626 0 0
YUM BRANDS INC 988498101 10 280 SH DEFINED 1 280 0 0
ZIMMER HLDGS INC 98956P102 34 462 SH SOLE 1 328 0 134
ZOLL MEDICAL CORP 989922109 9 230 SH SOLE 1 135 0 95
AT&T CORP NEW 1957505 10 500 SH SOLE 0 0 500
ALLIANT TECHSYSTEMS INC. 18804104 11 210 SH SOLE 0 0 210
ALLSTATE CORP 20002101 7 150 SH SOLE 0 0 150
ALLTEL CORP NEW 20039103 11 225 SH SOLE 0 0 225
AMER INTL GROUP INC 26874107 5 67 SH SOLE 0 0 67
VOTING AUTHORITY
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER CLASS CUSIP [X$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------- ----------- -------- -------- ----------- --- ---- ---------- -------- ------- ------- -----
AMGEN INC 31162100 19 335 SH SOLE 0 0 335
AMSOUTH BANCORP 32165102 323 13724 SH SOLE 0 0 13724
ANALOG DEVICES INC 32654105 5 100 SH SOLE 0 0 100
AUTOMATIC DATA PROCESSING
INC 53015103 4 100 SH SOLE 0 0 100
BANCORPSOUTH INC 59692103 271 12373 SH SOLE 0 0 12373
BANK OF AMERICA CORP 60505104 12 150 SH SOLE 0 0 150
BERKSHIRE HATHAWAY INC. DEL CL
B 84670207 31 10 SH SOLE 0 0 10
BEST BUY INC 86516101 16 300 SH SOLE 0 0 300
BOMBAY COMPANY INC 97924104 2 200 SH SOLE 0 0 200
BOSTON SCIENTIFIC CORP 101137107 10 240 SH SOLE 0 0 240
CAREER EDUCATION CRP 141665109 6 100 SH SOLE 0 0 100
CAREMARK RX INC 141705103 17 500 SH SOLE 0 0 500
CISCO SYS INC 17275R102 47 2000 SH SOLE 0 0 2000
CITIGROUP INC 172967101 147 2850 SH SOLE 0 0 2850
COCA COLA CO 191216100 60 1200 SH SOLE 0 0 1200
COVENTRY HEALTH CARE INC. 222862104 6 150 SH SOLE 0 0 150
DELUXE CORP 248019101 10 250 SH SOLE 0 0 250
DOW CHEMICAL CO 260543103 10 250 SH SOLE 0 0 250
EXXON MOBIL CORP 30231G102 8 200 SH SOLE 0 0 200
GAP INC DEL 364760108 9 400 SH SOLE 0 0 400
GENERAL DYNAMICS CRP 369550108 10 110 SH SOLE 0 0 110
GENERAL ELECTRIC CO 369604103 236 7735 SH SOLE 0 0 7735
GENERAL MOTORS CORP 370442105 11 240 SH SOLE 0 0 240
HCA INC 404119109 12 300 SH SOLE 0 0 300
HEWLETT-PACKARD CO DE 428236103 12 540 SH SOLE 0 0 540
HOME DEPOT INC 437076102 5 127 SH SOLE 0 0 127
HOSPITALITY PROPERTIES TRUS T 44106M102 5 100 SH SOLE 0 0 100
INTEL CORP 458140100 130 4780 SH SOLE 0 0 4780
INTL BUSINESS MACH 459200101 18 200 SH SOLE 0 0 200
ISHARES TR DOW JONES US FINL
SECTOR INDEX 464287788 105 1134 SH SOLE 0 0 1134
JDS UNIPHASE CORP 46612J101 1 250 SH SOLE 0 0 250
JOHNSON & JOHNSON 478160104 5 100 SH SOLE 0 0 100
KRAFT FOODS INC CL
A 50075N104 3 100 SH SOLE 0 0 100
L-3 COMMUNICATIONS HLDGS INC 502424104 17 280 SH SOLE 0 0 280
LANDSTAR SYSTEMS INC 515098101 4 100 SH SOLE 0 0 100
LUCENT TECH INC 549463107 2 500 SH SOLE 0 0 500
MBNA CORP 55262L100 3 100 SH SOLE 0 0 100
MKS INSTRUMENTS INC 55306N104 5 200 SH SOLE 0 0 200
MERCK & CO INC 589331107 13 300 SH SOLE 0 0 300
MERISTAR HOSPITALITY CORP 58984Y103 6 847 SH SOLE 0 0 847
MICROSOFT CORP 594918104 68 2740 SH SOLE 0 0 2740
MYLAN LABS INC 628530107 17 745 SH SOLE 0 0 745
NASDAQ 100 TR UNIT SER
1 631100104 13 370 SH SOLE 0 0 370
NAUTILUS GROUP INC COM 63910B102 5 300 SH SOLE 0 0 300
NOKIA CORP ADR 654902204 2 100 SH SOLE 0 0 100
NUVEEN QUAL PFD 67071S606 200 8 SH SOLE 0 0 8
OPEN TEXT CORP 683715106 6 200 SH SOLE 0 0 200
OXFORD HEALTH PLANS INC 691471106 5 100 SH SOLE 0 0 100
PEOPLES HLDG CO 711148106 73 2158 SH SOLE 0 0 2158
PEPSICO INC 713448108 22 400 SH SOLE 0 0 400
PFIZER INC 717081103 16 468 SH SOLE 0 0 468
PIPER JAFFRAY COS COM 724078100 0 2 SH SOLE 0 0 2
PROCTER & GAMBLE CO 742718109 146 1395 SH SOLE 0 0 1395
RF MICRO DEVICES INC 749941100 3 400 SH SOLE 0 0 400
S & P 500 DEPOSITORY 78462F103 74 650 SH SOLE 0 0 650
SELECT SECTOR SPDR 81369Y100 99 3799 SH SOLE 0 0 3799
SECTOR SPDR TR SHS 81369Y605 407 13833 SH SOLE 0 0 13833
SMUCKER J M CO NEW 832696405 0 4 SH SOLE 0 0 4
SONIC AUTOMOTIVE INC 83545G102 5 200 SH SOLE 0 0 200
SYSCO CORP 871829107 4 100 SH SOLE 0 0 100
TEXAS INSTRUMENTS INC 882508104 9 300 SH SOLE 0 0 300
TIME WARNER INC 887317105 3 200 SH SOLE 0 0 200
TRAVELERS PPTY CAS CORP NEW CL
A 89420G109 0 10 SH SOLE 0 0 10
TRAVELERS PPTY CAS CORP NEW CL
B 89420G406 0 22 SH SOLE 0 0 22
US BANCORP DEL COM
NEW 902973304 6 215 SH SOLE 0 0 215
UNION PLANTERS CORP 908068109 24 800 SH SOLE 0 0 800
WAL-MART STORES INC 931142103 8 140 SH SOLE 0 0 140
WALGREEN COMPANY 931422109 5 150 SH SOLE 0 0 150
ZIMMER HLDGS INC 98956P102 15 200 SH SOLE 0 0 200
AMDOCS LIMITED ISIN G02602103
#GB0022569080 9 325 SH SOLE 0 0 325
FLEXTRONICS INTL INC ISIN Y2573F102
#SG9999000020 14 800 SH SOLE 0 0 800
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GRAND TOTALS 11226844 10755607 7355063 3033012 141986
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