UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2001
Check here if Amendment [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: 345
Form 13F Information Table Value Total: $310,259
(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
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER --------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------ ------- -----
LUKS INDUSTRIAL CO G5696D102 0 800 SH/ DEFINED 1 800 0 0
ABBOTT LAB 002824100 1644 29500 PRN SOLE 1 26900 300 2300
ABBOTT LAB 002824100 317 5688 SH DEFINED 1 200 4288 1200
GRUY PETRO MGMT WALKER 002995363 0 1 SH SOLE 1 1 0 0
CREEKWALKER CREEK
ATLANTA EXP-CRONE 12-96 003995362 0 1 SH SOLE 1 1 0 0
ADAMS EXPRESS CO COM 006212104 137 9692 PRN SOLE 1 9692 0 0
ADVANCED ENVIRON 007947104 7 7000 SH SOLE 1 7000 0 0
RECYCLING TCL A
AETNA INC COM 00817Y108 6 200 SH DEFINED 1 0 0 200
ART MACHIN ASSOC 109-01 008990103 0 1 SH SOLE 1 1 0 0
AIR PRODS & CHEMS INC COM 009158106 18 400 SH DEFINED 1 0 0 400
PETROQUEST EXPLORATION 009990102 0 1 PRN SOLE 1 1 0 0
ALLERGAN INC 018490102 88 1180 SH SOLE 1 1180 0 0
AEROPRES DIV #2240 018990101 0 1 PRN SOLE 1 1 0 0
ALLIED CAP CORP NEW COM 01903Q108 7 300 SH SOLE 1 300 0 0
ALLTEL CORP 020039103 331 5364 PRN SOLE 1 5164 200 0
ALLTEL CORP 020039103 695 11265 SH DEFINED 1 5965 0 5300
AMERICAN ELECTRIC POWER 025537101 211 4862 SH SOLE 1 3462 0 1400
AMERICAN ELECTRIC POWER 025537101 21 498 SH DEFINED 1 318 0 180
AMER EXPRESS CO 025816109 99 2800 SH SOLE 1 2800 0 0
AMER EXPRESS CO 025816109 1 30 SH DEFINED 1 30 0 0
AMER HOME PROD CORP 026609107 331 5400 SH SOLE 1 5400 0 0
AMER HOME PROD CORP 026609107 283 4615 SH DEFINED 1 3100 0 1515
ATLANTA EXP-NEW HOPE 026995365 0 1 SH SOLE 1 1 0 0
EXPAND 10/98
AMERICAN MUTUAL FUND INC 02768110R 31 1290 SH SOLE 1 1290 0 0
AMERICAN MUTUAL FUND INC 02768110R 214 8923 PRN DEFINED 1 0 8923 0
ANADARKO PETE CORP 032511107 83 1464 SH DEFINED 1 0 1464 0
ATLANTA EXP WARECREEK 036995363 0 1 SH SOLE 1 1 0 0
LSE
APPLE COMP INC 037833100 56 2585 SH SOLE 1 2585 0 0
APPLE COMP INC 037833100 70 3200 PRN DEFINED 1 0 3200 0
ARCHER -DANIELS 039483102 4 279 SH SOLE 1 0 0 279
-MIDLAND COMPANY
AUTO DATA PROCESS 053015103 306 5200 SH SOLE 1 4400 0 800
AUTO DATA PROCESS 053015103 188 3200 SH DEFINED 1 0 3200 0
AUTOZONE 053332102 71 1000 SH SOLE 1 1000 0 0
AUTOZONE 053332102 38 530 SH DEFINED 1 530 0 0
AXCELIS TECHNOLOGIES INC 054540109 28 2181 SH SOLE 1 2181 0 0
BODCAW BANK 056004997 767 853 SH SOLE 1 795 0 58
BODCAW BANK 056004997 5 6 SH DEFINED 1 6 0 0
BANCORPSOUTH INC 059692103 14602 880205 SH SOLE 1 717330 145433 17442
BANCORPSOUTH INC 059692103 2815 169681 SH DEFINED 1 139788 2592 27301
BANKAMERICA CORP NEW COM 060505104 1294 20570 SH SOLE 1 20570 0 0
BANKAMERICA CORP NEW COM 060505104 170 2710 SH DEFINED 1 300 0 2410
BANK OF THE OZARKS, INC 063904106 604 23800 SH DEFINED 1 0 23800 0
BAXTER INTL INC 071813109 216 4040 SH SOLE 1 2040 0 2000
13 PORTERS CHAPEL RENT- 078995362 0 1 SH SOLE 1 1 0 0
ROAD SPROUSE
BELLSOUTH CORP 079860102 1566 41078 SH SOLE 1 37996 2442 640
BELLSOUTH CORP 079860102 27 732 PRN DEFINED 1 732 0 0
BERKSHIRE HATHAWAY "A" 084670108 75 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC 084670207 7 3 SH DEFINED 1 3 0 0
DEL CL B
BLACKBURN MTR NV 088995360 1676 1577 SH SOLE 1 1577 0 0
BOEING INC 097023105 204 5280 SH SOLE 1 3980 0 1300
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER --------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------ ------- -----
BOEING INC 097023105 15 400 SH DEFINED 1 100 0 300
BRISTOL MYERS SQUIBB CO 110122108 1474 28909 SH SOLE 1 28909 0 0
BRISTOL MYERS SQUIBB CO 110122108 239 4700 SH DEFINED 1 2700 2000 0
BULL RUN CORP GEORGIA 120182100 2 3400 SH SOLE 1 3400 0 0
BURLINGTON NORTHERN/ 12189T104 26 930 SH SOLE 1 930 0 0
SANTA FE CORP
CLECO CORP COM 12561W105 8 400 SH SOLE 1 400 0 0
CITGO 0380600014 130990104 0 1 PRN SOLE 1 1 0 0
CITGO 0380600011 131990103 0 1 PRN SOLE 1 1 0 0
CITGO 03806000010 132990102 0 1 PRN SOLE 1 1 0 0
CABE LAND COMPANY AKA 133005991 1449 17672 SH SOLE 1 12586 0 5086
CABE CATTLE CO.
CAMPBELL SOUP CO COM 134429109 11 400 SH SOLE 1 0 0 400
CITGO 0380600015 134990100 0 1 PRN SOLE 1 1 0 0
CABE /LONG MANAGMENT 135000990 311 311294 SH SOLE 1 311294 0 0
CABE INVESTMENTS INC 135005999 311 311294 SH SOLE 1 311294 0 0
LION OIL 68-0366 135990109 0 1 PRN SOLE 1 1 0 0
CAPITAL ONE FINL CORP COM 14040H105 371 6895 SH SOLE 1 2095 0 4800
CARDINAL HEALTH INC COM 4149Y108 28 447 SH SOLE 1 0 0 447
CATERPILLAR INC 149123101 494 9455 SH SOLE 1 9455 0 0
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 1 100 0 0
CHUBB CORPORATION 171232101 379 5500 SH SOLE 1 5500 0 0
COCA COLA CO 191216100 1740 36905 SH SOLE 1 29300 1000 6605
COCA COLA CO 191216100 299 6350 SH DEFINED 1 350 0 6000
COLGATE-PALMOLIVE CO 194162103 275 4773 SH SOLE 1 4773 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 1 0 0 200
COMCAST 200300200 28 800 SH DEFINED 1 0 800 0
COMPAQ COMPUTER CORP 204493100 203 20815 SH SOLE 1 20115 0 700
COMPUTER ASSOC INTL INC COM 204912109 27 800 SH SOLE 1 800 0 0
CONAGRA FOODS INC COM 205887102 14 600 SH SOLE 1 600 0 0
CONAGRA FOODS INC COM 205887102 4 200 SH DEFINED 1 200 0 0
CONECTIV INC COM 206829103 16 675 SH SOLE 1 675 0 0
CONSECO STRATEGIC INC SH BEN 20847A102 8 866 SH SOLE 1 866 0 0
FD INT
CONSOLIDATED EDISON INC 209115104 56 1400 SH SOLE 1 1400 0 0
COM
CONSTELLATION ENERGY 210371100 10 400 SH DEFINED 1 400 0 0
CORP
CORNING INC 219350105 16 1800 SH SOLE 1 1800 0 0
DPL INC COM 233293109 47 1985 SH SOLE 1 1985 0 0
DANA CORP 235811106 12 866 SH SOLE 1 866 0 0
DELTA AIRLINES INC 247361108 5 200 SH SOLE 1 200 0 0
DELTIC TIMBER INC 247850100 509 18604 SH SOLE 1 18604 0 0
DELTIC TIMBER INC 247850100 17693 645971 SH DEFINED 1 0 645543 428
DIAMOND OFFSHORE INC 25271C102 1 50 SH SOLE 1 50 0 0
DRILLING
WALT DISNEY CO 254687106 15 760 SH SOLE 1 760 0 0
WALT DISNEY CO 254687106 4 200 SH DEFINED 1 200 0 0
DOW CHEMICAL CO 260543103 1039 30794 SH SOLE 1 30794 0 0
DOW CHEMICAL CO 260543103 16 483 SH DEFINED 1 483 0 0
DREYFUS MUNICIPAL BOND 26201Q104 45 3881 SOLE 1 3881 0 0
FUND
DU PONT El D NEMOURS & 263534109 314 7397 SH SOLE 1 7397 0 0
CO
DUKE ENERGY CORP COM 264399106 237 6054 SH SOLE 1 6054 0 0
DUKE ENERGY CORP COM 264399106 7 200 SH DEFINED 1 200 0 0
DYNEX CAP INC 26817Q506 0 106 SH DEFINED 1 106 0 0
EEX CORP COM NEW 26842V207 0 66 SH SOLE 1 66 0 0
EQUINOX - OPHILIA TODD COM NEW 271995367 0 1 PRN SOLE 1 1 0 0
10400
ALBEMARLE CORP (ETHYL) 274990100 0 1 PRN SOLE 1 1 0 0
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER --------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------ ------- -----
UNIT AGREEMENT- 275995363 0 1 PRN SOLE 1 1 0 0
SMACKOVERUNIT
EASTMAN KODAK CO 277461109 30 1050 SH SOLE 1 1050 0 0
EATON CORP COM 278058102 122 1650 SH SOLE 1 1650 0 0
A.G.EDWARDS INC 281760108 77 1750 SH SOLE 1 1750 0 0
ATLANTA EXPLORATION 281995365 0 1 PRN SOLE 1 1 0 0
PISG PRO
ATLANTA EXPLORATION 282995364 0 1 PRN SOLE 1 1 0 0
WARE CR
ELECTRONIC DATA SYS 285661104 143 2100 SH SOLE 1 2100 0 0
CORP NEW
EMERSON ELECTRIC CO 291011104 137 2400 SH SOLE 1 2400 0 0
EMERSON ELECTRIC CO 291011104 19 350 SH DEFINED 1 350 0 0
ENCORE WIRE CORP COM 292562105 252 20900 SH SOLE 1 13900 0 7000
ENRON CORP 293561106 0 20 SH DEFINED 1 20 0 0
ENTERGY 65 SERIES PRD 29364D407 1 18 SH SOLE 1 18 0 0
4.56%
ENTERGY ARK INC PFD 29364D605 4 60 SH SOLE 1 60 0 0
$6.08
ENTERGY ARK INC PFD 29364D704 20 229 SH SOLE 1 229 0 0
$7.32
ENTERGY ARK INC PFD 29364D803 9 100 SH SOLE 1 100 0 0
$7.80
ENTERGY ARK INC PFD 29364D829 7 90 SH SOLE 1 90 0 0
$7.40
ENTERGY ARK INC PFD 29364D852 13 145 SH SOLE 1 145 0 0
$7.88
ENTERGY CORP 29364G103 207 5298 SH SOLE 1 4298 0 1000
ENTERGY CORP 29364G103 23 593 SH DEFINED 1 593 0 0
CHALLENGE OPT 301990107 0 1 PRN SOLE 1 1 0 0
ROBERSON#1ARK
FLOWEREE PLANTING LSE 301995361 0 1 PRN SOLE 1 1 0 0
1-1-98
FPL GROUP INC 302571104 108 1915 SH SOLE 1 1915 0 0
FNMA COM 313586109 111 1400 SH SOLE 1 1400 0 0
FNMA COM 313586109 2 30 SH DEFINED 1 30 0 0
FEDERAL REALTY INVT TR SH BEN 313747206 23 1000 SH SOLE 1 1000 0 0
INT NEW
1ST CENTURY BANKSHARES 319426102 15 1000 SH SOLE 1 1000 0 0
FIRST NAT'L CORP 320940109 0 388 SH DEFINED 1 388 0 0
ENTERTAINMENT
ADV FUND MS TRS 33732A210 9 24 SOLE 1 24 0 0
1ST TRS ADVAN SER 195 33732C745 32 35 SH SOLE 1 35 0 0
MSTR9
1ST TRUST ADV UIT SER TRUST 1 337320675 1 5 SOLE 1 5 0 0
32 MS
1ST TRS ADVAN SER 38 337320865 3 20 SH SOLE 1 20 0 0
MSTR2
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 162 20050 SH SOLE 1 20050 0 0
FORD MTR CO CAP TR I TOPRS9% 345343206 31 1200 SH SOLE 1 1200 0 0
GAP INC DEL COM 364760108 20 1500 SH SOLE 1 1500 0 0
GENERAL DYNAMICS CORP COM 369550108 70 890 SH SOLE 1 890 0 0
GENERAL ELECTRIC CO 369604103 5268 131478 SH SOLE 1 129998 450 1030
GENERAL ELECTRIC CO 369604103 294 7345 SH DEFINED 1 2945 0 4400
GENERAL MLS INC COM 370334104 37 720 SH SOLE 1 720 0 0
GENERAL MLS INC COM 370334104 1 20 SH DEFINED 1 0 0 20
GEN MTR CORP 370442105 32 673 SH SOLE 1 407 66 200
GENOME THERAPEUTICS COM 372430108 6 1000 SH SOLE 1 0 0 1000
CORP
GEORGIA PAC CORP 373298108 55 2020 SH SOLE 1 1620 0 400
GERON CORP COM 374163103 2 300 SH SOLE 1 300 0 0
SCUDDER GLOBAL 378947501 12 544 SH SOLE 1 544 0 0
DISCOVERY FD
GLOBAL SPORTS INC 37937A107 0 29 SH SOLE 1 29 0 0
GOODYEAR TIRE & RUBBER 382550101 14 618 SH SOLE 1 92 0 526
GREAT LAKES CHEM CORP 390568103 43 1785 SH DEFINED 1 0 1785 0
COM
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER --------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------ ------- ------
GUARANTY BANCSHARES INC 400764106 2 200 SH SOLE 1 0 0 200
TEX COM
GUIDANT CORP COM 401698105 204 4100 SH SOLE 1 4000 0 100
HCB BANCSHARES INC COM 40413N106 18 1500 SH SOLE 1 1500 0 0
HARRIS SHORT/ 40429960R 69 6778 SH SOLE 1 6778 0 0
INTERMEDIATE BOND CL I
BURNS/PERKIS 408995363 0 1 PRN SOLE 1 1 0 0
OIL/GAS11-1999
HANCOCK FABRICS 409900107 21 1600 SH SOLE 1 1600 0 0
HANCOCK HLDG CO CAP 410120109 124 2897 SH SOLE 1 2897 0 0
VALUE
HARRIS CORP 413875105 45 1494 SH SOLE 1 1494 0 0
HARRIS EQUITY INCOME 41454810R 82 5025 SH SOLE 1 5025 0 0
FUND
HARTFORD FNCL SV GRP 416515104 12 200 SH DEFINED 1 200 0 0
INC COM
HASBRO, INC 418056107 12 787 SH DEFINED 1 787 0 0
HATTERAS INCOME SECS COM 419025101 2 200 SH SOLE 1 200 0 0
INC
HEWLETT PACKARD CO 428236103 193 9422 SH SOLE 1 6622 0 2800
HEWLETT PACKARD CO 428236103 8 400 SH DEFINED 1 0 0 400
HIBERNIA CORP 428656102 6398 359886 SH SOLE 1 358986 0 900
HIBERNIA CORP 428656102 16 900 SH DEFINED 1 900 0 0
HIGHLANDS INS GROUP 431032101 1 12000 SH SOLE 1 12000 0 0
HOME DEPOT 437076102 1009 19797 SH SOLE 1 15322 4050 425
HOME DEPOT 437076102 78 1532 SH DEFINED 1 882 0 650
HOMEFED CORP COM NEW 43739D208 3 4028 SH DEFINED 1 0 4028 0
HOPEWELL HLDGS LTD SPONSOR 439555301 8 14600 SH DEFINED 1 0 14600 0
ED ADR
HUBBELL INC CL B 443510201 29 1000 SH SOLE 1 1000 0 0
ICN PHARMACEUTICALS INC 448924100 17 525 SH SOLE 1 0 0 525
NEW COM
INS MUN-INC TRS 198 45808G723 0 5 SOLE 1 5 0 0
UTS INSURED MUNI INC 45808V266 7 10 DEFINED 1 0 10 0
TRS#297
INS MUN-INC TRS 116 458084837 1 6 SOLE 1 6 0 0
INTEL CORP CAP 458140100 1307 41564 SH SOLE 1 37814 2700 1050
INTEL CORP CAP 458140100 139 4430 SH DEFINED 1 230 0 4200
IBM CORP 459200101 4023 33263 SH SOLE 1 29993 400 2870
IBM CORP 459200101 154 1275 SH DEFINED 1 475 800 0
INTL PAPER CO 460146103 118 2948 SH SOLE 1 2898 0 50
INTL PAPER CO 460146103 58 1450 SH DEFINED 1 150 1100 200
JANUS WORLDWID FUND #41 471023309 28 661 SH SOLE 1 661 0 0
JEFFERSON PILOT 475070108 20 450 SH DEFINED 1 0 0 450
CORPORATION
JOHNSON & JOHNSON 478160104 3192 54026 SH SOLE 1 53626 0 400
JOHNSON & JOHNSON 478160104 556 9420 SH DEFINED 1 4620 1200 3600
KELLOGG CO 487836108 6 200 SH SOLE 1 200 0 0
C SIMMONS LSE EXP 490990108 0 1 PRN SOLE 1 1 0 0
12/31/06
KERR-MCGEE CORPORATION 492386107 1 25 SH SOLE 1 25 0 0
INC
LION OIL 68-0261 RI & 493990105 0 1 PRN SOLE 1 1 0 0
ORI
LION OIL 05-0260 493995369 0 1 PRN SOLE 1 1 0 0
680260(246)
LION OIL 48-0260 RI & 494990104 0 1 PRN SOLE 1 1 0 0
ORI
LION OIL 05-0261 (DRIP) 494995368 0 1 PRN SOLE 1 1 0 0
LION OIL CO #18-1896 496990102 0 1 PRN SOLE 1 1 0 0
WICKFORD ENERGY 498990100 0 1 PRN SOLE 1 1 0 0
D0#9601100
LTV CORP *W EXP 501921126 0 1 SH SOLE 1 0 0 1
06/28/1998
LTV CORP 1.25 SERIES 502210800 0 14 SH SOLE 1 0 0 14
LEAR CORP COM 521865105 3 100 SH SOLE 1 100 0 0
LEXMARK INTL NEW CL A 529771107 71 1210 SH SOLE 1 1210 0 0
COLONIAL TAX EXEMPT 53054410R 0 28 SOLE 1 28 0 0
FUND A
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER -------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ----- ------- ------
LOUSIANA COMPANIES 540000999 0 36 SH SOLE 1 0 0 36
MERLIN MORRIS FARMS INC. 546001991 2 2679 SH SOLE 1 2679 0 0
LOUISIANA PAC CORP COM 546347105 8 1016 SH SOLE 1 1016 0 0
MCDONALD'S CORP 580135101 95 3600 SH SOLE 1 3600 0 0
MCDONALD'S CORP 580135101 15 600 SH DEFINED 1 0 0 600
MEDTRONIC INC COM 585055106 74 1460 SH SOLE 1 1460 0 0
MELLON FINL CORP 58551A108 37 1000 SH SOLE 1 200 0 800
MERCK & CO INC 589331107 2119 36052 SH SOLE 1 33027 250 2775
MERCK & CO INC 589331107 236 4025 SH DEFINED 1 1675 400 1950
MERRILL LYNCH CORP BD 590907101 12 2536 SH SOLE 1 2536 0 0
FD INCHI INCOME CL A
METLIFE INC COM 59156R108 64 2049 SH SOLE 1 2049 0 0
MICROSOFT CORP 594918104 1167 17625 SH SOLE 1 17075 100 450
MICROSOFT CORP 594918104 26 400 SH DEFINED 1 0 0 400
MISSISSIPPI CHEMICAL 598001998 0 2 SH SOLE 1 2 0 0
MINNESOTA MNG & MFC CO 604059105 137 1166 SH SOLE 1 1166 0 0
MORRISSEY DEV. CO. 618994156 25 400 SH SOLE 1 400 0 0
MOTOROLA INC 620076109 300 19993 SH SOLE 1 17963 0 2030
MOTOROLA INC 620076109 131 8780 SH DEFINED 1 8480 0 300
THE MUN INSURED NAT'L 626223242 0 5 SOLE 1 5 0 0
TR S5
MURPHY OIL CORP COM 626717102 4450 52961 SH SOLE 1 52961 0 0
MURPHY OIL CORP COM 626717102 195279 2323653 SH DEFINED 1 0 2323653 0
NELSON, THOMAS INC 640376109 2 187 SH SOLE 1 187 0 0
NICOR INC COM 654086107 33 800 SH SOLE 1 800 0 0
NOBLE AFFILIATES INC COM 654894104 35 1000 SH SOLE 1 1000 0 0
NORFOLK SO CORP 655844108 35 1934 SH SOLE 1 1934 0 0
NORTHERN TRUST COMPANY 665859104 107 1780 SH SOLE 1 0 0 1780
NTRS
NORTHERN TRUST COMPANY 665859104 240 4000 SH DEFINED 1 0 0 4000
NTRf
OCCIDENTAL PETE COR DEL 674599105 13 500 SH SOLE 1 0 500 0
OLIN CORP 680665205 2 166 SH DEFINED 1 166 0 0
OMNICOM GROUP 681919106 89 1000 SH SOLE 1 1000 0 0
PPG INDUSTRIES INC 693506107 31 600 SH SOLE 1 600 0 0
PACIFIC CENTURY 694059106 6 2473 SH DEFINED 1 0 2473 0
CYBERWORKS
PENNEY J C INC COM 708160106 80 2977 SH SOLE 1 2977 0 0
PRAIRIE FARMERS ASSOC. RESERVES 711000992 1 1769 SH SOLE 1 1769 0 0
(BE)
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 13 367 SH SOLE 1 367 0 0
GEORGE PATE COLUMBIA 712995364 0 1 PRN SOLE 1 1 0 0
11/96
PEPSICO INC COM 713448108 1644 33788 SH SOLE 1 32455 1333 0
PEPSICO INC COM 713448108 154 3165 SH DEFINED 1 465 1100 1600
RIVERHILLS CAP CORP (FORM. COR715995361 336 8000 SH SOLE 1 8000 0 0
PT
GIBSON
COR
PFIZER INC 717081103 3853 96716 SH SOLE 1 92966 300 3450
PFIZER INC 717081103 131 3300 SH DEFINED 1 2400 0 900
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 1 20 0 0
PHELPS DODGE CORP COM 717265102 16 500 SH DEFINED 1 500 0 0
PHILIP MORRIS COS INC COM 718154107 95 2075 SH SOLE 1 2075 0 0
PHILLIPS PETE CO 718507106 131 2186 SH SOLE 1 2186 0 0
PHILLIP/AMEXPLORATION- 719995367 0 1 PRN SOLE 1 1 0 0
CRONEA
PRAIRIE FARMERS 722000999 0 1 SH SOLE 1 1 0 0
ASSOCIATION NUMBER 00888
3/8 INT FARM PROP 722995362 0 1 PRN SOLE 1 1 0 0
-WARREN CTY
PITNEY BOWES INC COM 724479100 1 36 SH SOLE 1 36 0 0
PETROGULF CORP LEASE 728995366 0 1 SH SOLE 1 1 0 0
8-2000
POTLATCH CORP COM 737628107 4 150 SH SOLE 1 150 0 0
PRAXAIR INC COM 74005P104 16 300 SH DEFINED 1 300 0 0
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER -------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------ ------- -----
PRICE T ROWE TX FR HI COM 741486104 8 768 SOLE 1 768 0 0
YLD FD
PROCTER & GAMBLE CO COM 742718109 634 8017 SH SOLE 1 7667 250 100
PROCTER & GAMBLE CO COM 742718109 418 5290 SH DEFINED 1 1400 640 3250
QLOGIC CORP COM 747277101 11 250 SH SOLE 1 250 0 0
RH DONNELLEY CORP 74955W307 1 60 SH SOLE 1 60 0 0
RELIANT ENERGY INC 75952J108 135 5123 SH SOLE 1 3323 1200 600
RELIANT ENERGY INC 75952J108 118 4460 SH DEFINED 1 4122 338 0
REXCOM SYSTEMS CORP 761672203 0 1 SH SOLE 1 1 0 0
ROHM &. HAAS CO COM 775371107 6 200 SH SOLE 1 200 0 0
ROUSE CO COM 779273101 2 100 SH SOLE 1 100 0 0
SAFECO CORP COM 786429100 31 1000 SH SOLE 1 1000 0 0
SEVEN J STOCK FARM, 787991066 0 10 SH SOLE 1 10 0 0
SARA LEE CORP COM 803111103 17 800 SH SOLE 1 800 0 0
SCHERING PLOUGH CORP COM 806605101 695 19434 SH SOLE 1 19434 0 0
SCHERING PLOUGH CORP COM 806605101 787 22000 SH DEFINED 1 100 19500 2400
SCHLUMBERGER LTD COM 806857108 107 1950 SH SOLE 1 1750 0 200
SEARS ROEBUCK & CO COM 812387108 91 1920 SH SOLE 1 1720 0 200
SEARS ROEBUCK & CO COM 812387108 7 167 SH DEFINED 1 167 0 0
SHELL TRANS & TRADING NEW YRK 822703609 74 1800 SH DEFINED 1 1800 0 0
PLC SH NEW
SHERWIN WILLIAMS CO COM 824348106 30 1100 SH SOLE 1 1100 0 0
SIMMONS 1ST NATL CORP CLA A $5 828730200 289 9021 SH SOLE 1 9021 0 0
PAR
SIMMONS 1ST NATL CORP CLA A $5 828730200 8 250 SH DEFINED 1 250 0 0
PAR
SOLUTIA INC COM 834376105 57 4122 SH SOLE 1 2968 1154 0
SOUTHERN CO COM 842587107 500 19732 SH SOLE 1 19732 0 0
SOUTHERN CO COM 842587107 92 3670 SH DEFINED 1 3670 0 0
STILLWELL FINANCIAL INC 860831106 16 600 SH SOLE 1 600 0 0
SYSCO CORP 871829107 52 2000 SH SOLE 1 2000 0 0
TECO ENERGY INC COM 872375100 7 300 SH SOLE 1 300 0 0
TECO ENERGY INC COM 872375100 20 800 SH DEFINED 1 800 0 0
TAX EXEMPT BD FD OF 87690210R 14 1210 DEFINED 1 0 1210 0
AMERICA
TEMPLE INLAND INC COM 879868107 22 400 SH SOLE 1 400 0 0
TEVA PHARMACEUTICAL IND ADR'S 881624209 124 2020 SH SOLE 1 2020 0 0
TIFFANY & CO NEW 886547108 69 2200 SH SOLE 1 2200 0 0
TOTH ALUMINUM 891514101 0 100 SH SOLE 1 0 0 100
CORPORATION
TRIBUNE COMPANY 896047107 44 1200 SH SOLE 1 1200 0 0
SUPPLYFORCE . COM , LLC 89902Q997 60 10000 SH SOLE 1 10000 0 0
TRANS -GULF PETROLEUM LA 89902X992 0 10 SH SOLE 1 10 0 0
CORP CLOSELY
HELD
SMACKOVER BANCSHARES INC 899027999 0 673 SH SOLE 1 673 0 0
FIRST STAUNTON A V 90008J994 0 42 SH SOLE 1 42 0 0
BANCSHARES CL
FIRST STAUNTON B NV 90008K991 0 374 SH SOLE 1 374 0 0
BANCSHARES CL
WHOLESALE ELECTRIC CO., INC. 902027994 5073 47444 SH SOLE 1 20676 0 26768
SUPPLY
TYSON FOODS INC CL A 902494103 8 750 SH SOLE 1 0 0 750
TYSON FOODS INC CL A 902494103 173 15000 SH DEFINED 1 0 0 15000
USA TRUCK INC 902925106 855 78164 SH SOLE 1 78164 0 0
-RESTRICTED
USX-U S STL COM 90337T101 9 500 SH SOLE 1 500 0 0
UNISYS CORP 909214108 6 540 SH SOLE 1 540 0 0
UNITED AUTO GROUP INC COM 909440109 260 10105 SH SOLE 1 10105 0 0
CONFEDERATE STATE $10 915995369 0 1 PRN SOLE 1 1 0 0
BILL
BANK OF US NOTE $1000 916995368 0 1 PRN SOLE 1 1 0 0
UTILICORP UNITED INC 918005109 66 2656 SH SOLE 1 2656 0 0
VAN KAMPEN AMERICAN PRIME 920914108 75 9029 SH SOLE 1 9029 0 0
CAPITAL RATE
SHRS
OR
PRN VOTING AUTHORITY
TITLE OF VALUE ------ SH/ PCT/ INVESTMENT OTHER ---------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- -------- --------- -------- ------ ---- ---- ---------- -------- ------- ------- ------
VIALINK CO COM 92552Q101 0 450 SH SOLE 1 0 0 450
VLASIC FOODS INTL INC COM 928559103 0 100 SH SOLE 1 0 0 100
WAL MART STORES INC COM 931142103 3053 53070 SH SOLE 1 50370 1500 1200
WAL MART STORES INC COM 931142103 295 5139 SH DEFINED 1 1839 3000 300
WALGREEN CO COM 931422109 191 5700 SH SOLE 1 5700 0 0
WALSH HEALTH CARE INC 937001998 0 3 SH SOLE 1 0 0 3
SOLUTIONS
WAUSAU-MOSINEE PAPER 943315101 6 550 SH SOLE 1 550 0 0
CORP CO
WEINGARTEN RLTY SH BEN 948741103 48 1000 SH SOLE 1 1000 0 0
INVS INT
WESTERN RES INC COM 959425109 3 200 SH SOLE 1 200 0 0
WEYERHAEUSER CO COM 962166104 205 3800 SH SOLE 1 3800 0 0
AMSOUTH BANCORP 32165102 259 13724 SH SOLE 0 0 13724
BANCORPSOUTH INC 59692103 205 12373 SH SOLE 0 0 12373
CITIGROUP INC 172967101 126 2500 SH SOLE 0 0 2500
COCA COLA CO 191216100 57 1200 SH SOLE 0 0 1200
DISNEY WALT CO DEL 254687106 4 200 SH SOLE 0 0 200
E M C CORP MASS 268648102 11 800 SH SOLE 0 0 800
EATON VANCE TAX MGD 277911848 40 1982 SH SOLE 0 0 1982
ENTERPRISE INTERNET 293720231 5 488 SH SOLE 0 0 488
GENERAL ELECTRIC CO 369604103 289 7200 SH SOLE 0 0 7200
HEWLETT-PACKARD CO 428236103 6 300 SH SOLE 0 0 300
INTEL CORP 458140100 126 4000 SH SOLE 0 0 4000
LSI LOGIC CORP 502161102 5 300 SH SOLE 0 0 300
LUCENT TECH INC 549463107 3 400 SH SOLE 0 0 400
MCDATA CORP 580031201 1 29 SH SOLE 0 0 29
MICROSOFT CORP 594918104 40 600 SH SOLE 0 0 600
NOKIA CORP ADR 654902204 2 100 SH SOLE 0 0 100
PEOPLES HLDG CO 711148106 53 1439 SH SOLE 0 0 1439
PROCTOR & GAMBLE CO 742718109 158 2000 SH SOLE 0 0 2000
QWEST COMM INTL INC 749121109 6 412 SH SOLE 0 0 412
RF MICRO DEVICES INC 749941100 8 400 SH SOLE 0 0 400
SUN MICROSYSTEMS INC 866810104 7 600 SH SOLE 0 0 600
TXU CORP 873168108 94 2000 SH SOLE 0 0 2000
CISCO SYS INC 17275R102 4 200 SH SOLE 0 0 200
JDS UNIPHASE CORP 46612J101 2 200 SH SOLE 0 0 200
JUNIPER NETWORKS 48203R104 2 100 SH SOLE 0 0 100
MERISTAR HOSPITALITY 58984Y103 12 847 SH SOLE 0 0 847
WORLDCOM INC GA NEW 98157D106 20 1395 SH SOLE 0 0 1395
WORLDCOM INC GA (MCI) 98157D304 1 55 SH SOLE 0 0 55
AMDOCS LIMITED G02602103 11 325 SH SOLE 0 0 325
FLEXTRONICS INTL INC Y2573F102 14 600 SH SOLE 0 0 600
------ ------- ------- ------- ------
GRAND TOTALS 310259 6653779 3165141 3235275 253363
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