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, 2005
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: Cathy S. Freeman
Title: Senior Vice President and Corporate Secretary
Phone: (662) 680-2084
Signature, Place, and Date of Signing:
/s/ Cathy Freeman Tupelo, Mississippi August 12, 2005
------------------- -------------------- -------------------------
[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: 1
Form 13F Information Table Entry Total: 757
Form 13F Information Table Value Total: $697,363
(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
2
FORM 13F INFORMATION TABLE
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
DEUTSCHE BANK-EUR D18190898 19 252 SH SOLE 1 0 0 252
ACE LIMITED G0070K103 76 1705 SH SOLE 1 338 0 1367
AMERICAN SAFETY INSURANCE G02995101 4 290 SH SOLE 1 0 0 290
HOLDINGS LTD
ARLINGTON TANKERS LTD G04899103 54 2515 SH SOLE 1 855 0 1660
INGSOLL-RAND CO CL A G4776G101 210 2950 SH SOLE 1 2950 0 0
BERMUDA
SEAGATE TECHNOLOGY SHS G7945J104 11 660 SH SOLE 1 0 0 660
GIVEN IMAGING LTD M52020100 5 255 SH SOLE 1 0 0 255
MIND C.T.I. LTD COM M70240102 5 2000 SH SOLE 1 2000 0 0
ABN AMRO HLDG NV SPON ADR 000937102 26 1089 SH SOLE 1 0 0 1089
A F L A C INC 001055102 103 2400 SH SOLE 1 2400 0 0
AGL RESOURCES, INC 001204106 42 1090 SH SOLE 1 1090 0 0
AT&T CORP COM NEW 001957505 12 680 SH SOLE 1 380 0 300
AT&T CORP COM NEW 001957505 5 297 SH DEFINED 1 49 248 0
ATMI INC 00207R101 30 1045 SH SOLE 1 220 0 825
ABBOTT LAB 002824100 402 8211 SH SOLE 1 8211 0 0
ABBOTT LAB 002824100 205 4200 SH DEFINED 1 200 4000 0
ADAMS EXPRESS CO COM 006212104 121 9453 SH SOLE 1 9453 0 0
ADVANCED MICRO DEVICES INC 007903107 3 200 SH DEFINED 1 200 0 0
AEGEON N V ORD 007924103 38 966 SH SOLE 1 0 0 2966
AETNA INC CO 00817Y108 16 200 SH DEFINED 1 0 0 200
AGILENT TECHNOLOGIES, INC. 00846U101 1 59 SH SOLE 1 59 0 0
AGNICO EAGLE MINES 008474108 6 500 SH SOLE 1 500 0 0
AIR PRODS & CHEMS INC COM 009158106 6 104 SH SOLE 1 0 0 104
AIRTRAN HLDGS INC COM 00949P108 3 350 SH SOLE 1 0 0 350
AIXTRON AKTIENGELELLSCHAFT ADR 009606104 1 510 SH SOLE 1 510 0 0
ALBERTSONS, INC 013104104 12 610 SH SOLE 1 0 0 610
ALCOA INC 013817101 207 7949 SH SOLE 1 3170 0 4779
ALLIANCE CAP MGMT HLDG L P 01855A101 93 2000 SH DEFINED 1 2000 0 0
ALLIANCE GAMING CORP 01859P609 9 700 SH SOLE 1 0 0 700
ALLIANT TECHSYSTEMS, INC 018804104 51 725 SH SOLE 1 145 0 580
ALLIED CAP CO FUND 01903Q108 9 315 SH SOLE 1 315 0 0
ALLAMERICA FINANCIAL CORP 019754100 42 1155 SH SOLE 1 230 0 925
ALLSTATE CORP COMMON 020002101 798 13364 SH SOLE 1 8525 0 4839
ALLSTATE CORP COMMON 020002101 18 310 SH DEFINED 1 310 0 0
ALLTEL CORP 020039103 254 4087 SH SOLE 1 2690 177 1220
ALLTEL CORP 020039103 628 10100 SH DEFINED 1 10100 0 0
ALPHA NATURAL RESOURCES INC 02076X102 9 390 SH SOLE 1 0 0 390
ALTERA CORP 021441100 3 200 SH SOLE 1 200 0 0
ALTRIA GROUP INC 02209S103 1249 19330 SH SOLE 1 11007 0 8323
AMBAC FINANCIAL GROUP 023139108 3 50 SH SOLE 1 50 0 0
AMERCO 023586100 37 705 SH SOLE 1 145 0 560
AMERICA SVC GROUP INC 02364L109 2 175 SH SOLE 1 0 0 175
AMERICAN ELECTRIC POWER 025537101 178 4850 SH SOLE 1 1350 0 3500
AMER EXPRESS CO 025816109 141 2650 SH SOLE 1 1650 0 1000
AMERICAN FIN REALTY 02607P305 32 2100 SH SOLE 1 410 0 1690
AMERICAN INTERNATIONAL 026874107 502 8659 SH SOLE 1 4905 0 3754
GROUP, INC
AMERICAN INTERNATIONAL 026874107 10 175 SH DEFINED 1 175 0 0
GROUP, INC
AMERUS LIFE HOLDINGS 03072M108 90 1889 SH SOLE 1 1889 0 0
AMGEN INC 031162100 125 2071 SH SOLE 1 311 0 1760
AMGEN INC 031162100 12 200 SH DEFINED 1 200 0 0
AMSOUTH BANCORPORATION 032165102 1037 39897 SH SOLE 1 39897 0 0
AMSURG CORP 03232P405 46 1695 SH SOLE 1 340 0 1355
ANADARKO PETE CORP 032511107 2 27 SH SOLE 1 27 0 0
ANADARKO PETE CORP 032511107 120 1464 SH DEFINED 1 0 1464 0
ANGLO AMERICAN PLC SP ADR 03485P102 23 1017 SH SOLE 1 0 0 1017
ANHEUSER-BUSCH COMPANIES 035229103 493 10784 SH SOLE 1 9984 0 800
ANHEUSER-BUSCH COMPANIES 035229103 164 3600 SH DEFINED 1 3600 0 0
ANTEON INTERNATIONAL CORP 03674E108 7 175 SH SOLE 1 0 0 175
AON CORP 037389103 10 407 SH SOLE 1 0 0 407
APPLE COMP INC 037833100 51 1400 SH DEFINED 1 1400 0 0
APPLIED MATERIALS INC 038222105 716 44272 SH SOLE 1 24387 0 19885
ARCHER-DANIELS-MIDLAND 039483102 5 279 SH SOLE 1 279 0 0
COMPANY
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
ARGONAUT GROUP INC 040157109 8 385 SH SOLE 1 0 0 385
ARRIS GROUP INC 04269Q100 4 500 SH SOLE 1 500 0 0
ARVINMERITOR 043353101 0 44 SH SOLE 1 44 0 0
ASHFORD HOSPITALITY TRUST INC 044103109 60 5595 SH SOLE 1 1145 0 4450
AUGUST TECHNOLOGY CORP 05106U105 3 300 SH SOLE 1 0 0 300
AUTOLIV INC COM 052800109 14 334 SH SOLE 1 334 0 0
AUTO DATA PROCESS 053015103 190 4550 SH SOLE 1 4550 0 0
AUTO DATA PROCESS 053015103 92 2200 SH DEFINED 1 2200 0 0
AUTOZONE 053332102 18 200 SH SOLE 1 200 0 0
AUTOZONE 053332102 44 480 SH DEFINED 1 480 0 0
AVAYA INC 053499109 1 172 SH SOLE 1 172 0 0
AVON PRODUCTS INC COM 054303102 52 1400 SH SOLE 1 1400 0 0
BASF AG ADR 055262505 33 504 SH SOLE 1 0 0 504
BCE INC 05534B109 30 1290 SH SOLE 1 0 0 1290
BEI TECHNOLOGY CORP 05538P104 5 200 SH SOLE 1 0 0 200
BJ SERVICES CO 055482103 283 5407 SH SOLE 1 372 0 5035
BP AMOCO PLC SPONSORED ADR 055622104 501 8032 SH SOLE 1 7569 0 463
BP AMOCO PLC SPONSORED ADR 055622104 237 3810 SH DEFINED 1 3810 0 0
BALDOR ELEC CO COM 057741100 34656 1425627 SH DEFINED 1 1425627 0 0
BANCORPSOUTH INC 059692103 29394 1246071 SH SOLE 1 980781 262290 3000
BANCORPSOUTH INC 059692103 1772 75144 SH DEFINED 1 71249 3558 337
BANK OF AMERICA CORP NEW COM 060505104 825 18109 SH SOLE 1 9704 0 8405
BANK OF AMERICA CORP NEW COM 060505104 27 600 SH DEFINED 1 600 0 0
BANK OF THE OZARKS, INC 063904106 3027 92200 SH DEFINED 1 92200 0 0
BAXTER INTL INC 071813109 74 2000 SH SOLE 1 2000 0 0
BAXTER INTL INC PFD 071813406 11 200 SH SOLE 1 200 0 0
BEAR STEARNS COS INC 073902108 120 1157 SH SOLE 1 1157 0 0
BELLSOUTH CORP 079860102 655 24698 SH SOLE 1 20718 0 3980
BELLSOUTH CORP 079860102 71 2696 SH DEFINED 1 400 2296 0
BERKSHIRE HATHAWAY "A" 084670108 83 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 8 3 SH DEFINED 1 3 0 0
BLACKROCK INVT QUALITY MUNI 09247D105 50 3000 SH SOLE 1 3000 0 0
TR INC
BLOCK H & R INC COM 093671105 5 102 SH SOLE 1 0 0 102
BOEING INC 097023105 72 1100 SH SOLE 1 500 0 600
BOSTON SCIENTIFIC 101137107 60 2239 SH SOLE 1 234 0 2005
BRIGGS & STRATTON CORP 109043109 44 1300 SH SOLE 1 265 0 1035
BRINKER INTL INC 109641100 36 921 SH SOLE 1 197 0 724
BRISTOL MYERS SQUIBB CO 110122108 341 13680 SH SOLE 1 12180 0 1500
BRISTOL MYERS SQUIBB CO 110122108 49 2000 SH DEFINED 1 2000 0 0
BROADCOM CORP 111320107 7 200 SH SOLE 1 200 0 0
BROOKFIELD HOMES CORP COM 112723101 12 275 SH SOLE 1 0 0 275
BUILD-A-BEAR WORK SHOP INC 120076104 4 200 SH SOLE 1 0 0 200
CBRL GROUP INC COM 12489V106 29 750 SH SOLE 1 750 0 0
CB RICHARD ELLIS GROUP CLASS A 12497T101 57 1315 SH SOLE 1 270 0 1045
CIGNA CORPORATION 125509109 71 670 SH SOLE 1 127 0 543
CVS CORP DELAWARE 126650100 48 1666 SH SOLE 1 352 0 1314
CADBURY SCHWEPPES PLC ADR 127209302 87 2294 SH SOLE 1 1200 0 1094
CADENCE DESIGN SYSTEMS INC 127387108 45 3363 SH SOLE 1 220 0 3143
CALLAWAY GOLF CO 131193104 3 200 SH SOLE 1 0 0 200
CANON INC REPSTG 5 SHRS ADR 138006309 29 558 SH SOLE 1 0 0 558
CAPITAL ONE FINL CORP COM 14040H105 208 2600 SH SOLE 1 2600 0 0
CARNIVAL CORP 143658300 61 1135 SH SOLE 1 253 0 882
CARTERS INC 146229109 30 520 SH SOLE 1 0 0 520
CATERPILLAR INC 149123101 9 100 SH SOLE 1 100 0 0
CELADON GROUP INC 150838100 7 440 SH SOLE 1 0 0 440
CENDANT CORP COM 151313103 973 43531 SH SOLE 1 43150 0 381
CENTERPOINT ENERGY INC 15189T107 6 500 SH SOLE 1 0 0 500
CENTURYTEL, INC 156700106 69 2000 SH SOLE 1 2000 0 0
CHEVRON CORPORATION 166764100 1164 20825 SH SOLE 1 9988 0 10837
CHEVRON CORPORATION 166764100 126 2254 SH DEFINED 1 2254 0 0
CINERGY 172474108 3 75 SH SOLE 1 75 0 0
CISCO SYS INC 17275R102 937 49167 SH SOLE 1 30292 1650 17225
CISCO SYS INC 17275R102 19 1000 SH DEFINED 1 1000 0 0
CITIGROUP, INC 172967101 858 18574 SH SOLE 1 11644 0 6930
CITIGROUP, INC 172967101 356 7707 SH DEFINED 1 7707 0 0
CITIZENS HOLDING COMPANY 174715102 3663 158987 SH SOLE 1 158987 0 0
COCA COLA BOTTLING CO CONS COM 191098102 2 55 SH SOLE 1 55 0 0
COCA COLA CO 191216100 813 19485 SH SOLE 1 13965 0 5520
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
COCA COLA CO 191216100 258 6200 SH DEFINED 1 5800 0 400
COCA COLA ENTERPRISES INC COM 191219104 44 2000 SH SOLE 1 2000 0 0
COLGATE-PALMOLIVE CO 194162103 165 3312 SH SOLE 1 3312 0 0
COLGATE-PALMOLIVE CO 194162103 9 200 SH DEFINED 1 200 0 0
COLONIAL PPTYS TR COM SH BEN 195872106 1 26 SH SOLE 1 0 0 26
INT
COMCAST CORP NEW CL A 9 325 SH SOLE 1 325 0 0
COM 20030N101
COMCAST CORP NEW CL A 12 401 SH DEFINED 1 0 401 0
COM 20030N101
COMPUTER ASSOC INTL INC COM 204912109 1060 38600 SH SOLE 1 38600 0 0
COMPUTER SCIENCES COMMON 205363104 4 99 SH DEFINED 1 0 0 99
CORPORATION
COMSTOCK HOMEBUILDING COS 205684103 9 395 SH SOLE 1 0 0 395
COMSTOCK RES INC NEW 205768203 59 2360 SH SOLE 1 475 0 1885
CONAGRA FOODS INC COM 205887102 11 485 SH SOLE 1 0 0 485
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 1 176 0 0
CONNETICS CORPORATION 208192104 8 490 SH SOLE 1 0 0 490
CONN'S INC 208242107 11 455 SH SOLE 1 0 0 455
CONN'S INC 208242107 19 800 SH DEFINED 1 800 0 0
CONOCO PHILLIPS 20825C104 673 11708 SH SOLE 1 8432 0 3276
CONSECO INC NEW 208464883 81 3734 SH SOLE 1 606 549 2579
CONSOLIDATED EDISON INC COM 209115104 37 800 SH SOLE 1 800 0 0
CONSOLIDATED GRAPHICS INC 209341106 34 840 SH SOLE 1 170 0 670
COOPER TIRE & RUBBER CO 216831107 296 15953 SH SOLE 1 14953 0 1000
COOPER TIRE & RUBBER CO 216831107 1 100 SH DEFINED 1 100 0 0
CORN PRODUCTS INTERNATIONAL 219023108 35 1485 SH SOLE 1 300 0 1185
INC
COSTCO WHOLESALE CORP 22160K105 159 3575 SH SOLE 1 945 0 2630
COVENTRY HEALTH CARE INC 222862104 8 115 SH SOLE 1 0 0 115
CREDIT SUISSE GROUP ADR 225401108 32 824 SH SOLE 1 60 0 764
CYBERSOURCE CORP COM 23251J106 4 675 SH SOLE 1 0 0 675
DNP SELECT INCOME FD INC 23325P104 12 1100 SH SOLE 1 1100 0 0
DRS TECHNOLOGIES INC 23330X100 61 1195 SH SOLE 1 245 0 950
DTE ENERGY CO 233331107 12 270 SH SOLE 1 0 0 270
DEERE & CO 244199105 98 1500 SH SOLE 1 1500 0 0
DELL INC 24702R101 909 23050 SH SOLE 1 14690 0 8360
DELPHI AUTO SYSTEMS 247126105 2 599 SH SOLE 1 599 0 0
DELTIC TIMBER INC 247850100 240 6324 SH SOLE 1 6324 0 0
DELTIC TIMBER INC 247850100 24540 645471 SH DEFINED 1 0 645471 0
DELUXE CORP 248019101 11 285 SH SOLE 1 0 0 285
DIAGEO P L C SPON ADR NEW 25243Q205 43 727 SH SOLE 1 52 0 675
DIAMONDS TRUST FUND 252787106 10 100 SH SOLE 1 100 0 0
DIGITAS INC 25388K104 4 405 SH SOLE 1 0 0 405
DIRECTTV GROUP INC 25459L106 73 4715 SH SOLE 1 812 0 3903
WALT DISNEY CO 254687106 429 17042 SH SOLE 1 9590 0 7452
DOLLAR THRIFTY AUTO GROUP INC 256743105 44 1180 SH SOLE 1 255 0 925
DOW CHEMICAL CO 260543103 115 2605 SH SOLE 1 1350 0 1255
DOW CHEMICAL CO 260543103 21 483 SH DEFINED 1 483 0 0
DREYFUS STRATEGIC MUNICIPALS 261932107 0 9 SOLE 1 9 0 0
INC
DU PONT EI D NEMOURS & CO 263534109 229 5328 SH SOLE 1 2510 0 2818
DUKE ENERGY CORP COM 264399106 107 3616 SH SOLE 1 3616 0 0
DUKE REALTY CORP 264411505 12 405 SH SOLE 1 0 0 405
DYCOM INDUSTRIES INC 267475101 3 190 SH SOLE 1 0 0 190
EMC CORP 268648102 56 4150 SH SOLE 1 3800 350 0
EMC CORP 268648102 52 3800 SH DEFINED 1 3800 0 0
ENI S P A SPONSORED ADR 26874R108 31 244 SH SOLE 1 0 0 244
E TRADE FINANCIAL CORP 269246104 55 4000 SH SOLE 1 4000 0 0
EASTGROUP PROPERTIES INC 277276101 19 460 SH SOLE 1 460 0 0
EASTMAN KODAK CO 277461109 26 1000 SH SOLE 1 1000 0 0
EATON CORP COM 278058102 435 7270 SH SOLE 1 2685 0 4585
EBAY INC 278642103 112 3411 SH SOLE 1 491 0 2920
EDWARDS LIFESCIENCES CORP 28176E108 10 240 SH SOLE 1 240 0 0
EL PASO CORPORATION 28336L109 1 166 SH SOLE 1 166 0 0
ELECTRONIC ARTS INC 285512109 518 9158 SH SOLE 1 288 0 8870
EMERSON ELECTRIC CO 291011104 87 1400 SH SOLE 1 1400 0 0
ENCANA CORP-CAD 292505104 28 732 SH SOLE 1 0 0 732
ENCORE WIRE CORP COM 292562105 370 31948 SH SOLE 1 1348 0 30600
ENDESA SA SPONSORED ADR 29258N107 23 1021 SH SOLE 1 0 0 1021
ENEL SOCIETA PER ARZION ADR 29265W108 25 593 SH SOLE 1 40 0 553
ENTERGY CORP 29364G103 350 4638 SH SOLE 1 1638 0 3000
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
ENTERGY CORP 29364G103 44 593 SH DEFINED 1 593 0 0
EPICOR SOFTWARE CORP 29426L108 7 570 SH SOLE 1 0 0 570
EQUITABLE RESOURCES INC 294549100 47 705 SH SOLE 1 145 0 560
EQUITY INNS, INC 294703103 7 570 SH SOLE 1 0 0 570
EQUITY INNS, INC 294703103 19 1500 SH DEFINED 1 1500 0 0
EQUITY OFFICE PPTYS TRUST 294741103 33 1000 SH SOLE 1 1000 0 0
ERICSSON (LM) TELE CO ADR (NEW) 294821608 2 90 SH SOLE 1 90 0 0
ESCO TECHNOLOGIES INC 296315104 10 100 SH SOLE 1 0 0 100
ESSEX CORP 296744105 9 400 SH SOLE 1 0 0 400
ESTERLINE TECHNOLOGIES CORP 297425100 39 985 SH SOLE 1 195 0 790
EXELON CORP 30161N101 30 600 SH DEFINED 1 600 0 0
EXPEDITORS INTL WASH INC COM 302130109 127 2566 SH SOLE 1 381 0 2185
EXXON MOBIL CORP 30231G102 6444 112140 SH SOLE 1 105083 0 7057
EXXON MOBIL CORP 30231G102 1530 26626 SH DEFINED 1 17226 8600 800
FPL GROUP INC 302571104 11 282 SH SOLE 1 0 0 282
FEDEX CORPORATION 31428X106 89 1100 SH SOLE 1 1100 0 0
FIFTH THIRD BANCORP 316773100 40 992 SH SOLE 1 65 0 927
FINANCIAL FED CORP COM 317492106 37 965 SH SOLE 1 200 0 765
FIRST CA SH FINANCIAL SVC INC 31942D107 5 275 SH SOLE 1 0 0 275
FIRST DATA CORP COM 319963104 480 11968 SH SOLE 1 811 0 11157
FIRST HORIZON NATIONAL 320517105 11 277 SH SOLE 1 277 0 0
FIRST M & F CORP 320744105 44 1293 SH SOLE 1 1293 0 0
FIRSTMERIT CORP 337915102 205 7884 SH SOLE 1 7884 0 0
FIRST ENERGY CORP COMMON 337932107 221 4600 SH SOLE 1 4600 0 0
FLOW INTL CORP COM 343468104 3 600 SH SOLE 1 0 0 600
FORD MOTOR COMPANY COMMON 345370860 11 1160 SH SOLE 1 660 0 500
FORD MOTOR COMPANY COMMON 345370860 7 700 SH DEFINED 1 700 0 0
40/86 STRATEGIC INCOME FUND 349739102 8 866 SH SOLE 1 866 0 0
FREESCALE SEMICONDUCTOR 35687M206 2 95 SH SOLE 1 95 0 0
FREESCALE SEMICONDUCTOR 35687M206 0 33 SH DEFINED 1 33 0 0
FUJI PHOTO NEW ADR 359586302 47 1470 SH SOLE 1 0 0 1470
GAP INC DEL COM 364760108 4 238 SH SOLE 1 0 0 238
GENERAL ELECTRIC CO 369604103 2314 66817 SH SOLE 1 63994 0 2823
GENERAL ELECTRIC CO 369604103 277 8000 SH DEFINED 1 8000 0 0
GENERAL MLS INC COM 370334104 9 200 SH SOLE 1 200 0 0
GEN MTR CORP 370442105 12 353 SH SOLE 1 353 0 0
GENESEE & WYOMING CLASS A 371559105 51 1910 SH SOLE 1 390 0 1520
GENLYTE GROUP INC 372302109 11 240 SH SOLE 1 0 0 240
GIBRALTAR INDUSTRIES INC 374689107 33 1820 SH SOLE 1 365 0 1455
GILLETTE CO 375766102 373 7371 SH SOLE 1 4916 0 2455
GILLETTE CO 375766102 55 1095 SH DEFINED 1 1095 0 0
GLAXOSMITHKLINE PLC ADR 37733W105 159 3286 SH SOLE 1 511 0 2775
GMX RESOURCES INC 38011M108 11 765 SH SOLE 1 150 0 615
GOLD KIST INC 380614107 17 810 SH SOLE 1 170 0 640
GOODYEAR TIRE & RUBBER 382550101 7 526 SH SOLE 1 526 0 0
GREAT LAKES CHEM CORP COM 390568103 7 250 SH DEFINED 1 250 0 0
GREENFIELD ONLINE INC COM 395150105 5 445 SH SOLE 1 0 0 445
GUIDANT CORP COM 401698105 121 1800 SH SOLE 1 1800 0 0
HCA INC. 404119109 67 1198 SH SOLE 1 375 0 823
HCC INSURANCE HOLDINGS, INC 404132102 14 395 SH SOLE 1 265 0 130
HSBC HLDGS PLC SPONSORED ADR 404280406 19 244 SH SOLE 1 0 0 244
HAEMONETICS CORP 405024100 11 285 SH SOLE 1 0 0 285
HALLIBURTON CO COM 406216101 569 11902 SH SOLE 1 5780 0 6122
HANCOCK FABRICS 409900107 10 1600 SH SOLE 1 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 29 850 SH SOLE 1 850 0 0
JOHN HANCOCK PFD INC II 41013X106 9 400 SH SOLE 1 400 0 0
JOHN HANCOCK PREFERRED 41021P103 2 130 SH SOLE 1 130 0 0
INCOME FUND III
HARLEY DAVIDSON INC COM 412822108 117 2360 SH SOLE 1 355 0 2005
HARRIS CORP 413875105 87 2800 SH SOLE 1 2800 0 0
HARTFORD FNCL SV GRP INC COM 416515104 13 187 SH SOLE 1 0 0 187
HAWAIIAN ELEC INDS INC 419870100 30 1130 SH DEFINED 1 1130 0 0
HEALTH CARE SERVICES GROUP 421906108 291485 SH SOLE 1 290 0 1195
INC
HEALTHCARE REALTY TR 421946104 51 1330 SH SOLE 1 270 0 1060
HEADWATERS INC 42210P102 9 280 SH SOLE 1 0 0 280
HEALTH CARE REIT INC 42217K106 1 32 SH SOLE 1 0 0 32
HEINZ H J CO COM 423074103 9 273 SH SOLE 1 273 0 0
HEWLETT PACKARD CO 428236103 82 3513 SH SOLE 1 2577 0 936
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
HEWLETT PACKARD CO 428236103 9 400 SH DEFINED 1 400 0 0
HIBERNIA CORP 428656102 8866 267225 SH SOLE 1 266225 0 1000
HIBERNIA CORP 428656102 29 900 SH DEFINED 1 900 0 0
HIGH INCOME OPPORTUNITY FD 42967Q105 16 2500 SH SOLE 1 2500 0 0
HIGHLAND HOSPITALITY CORP 430141101 34 3335 SH SOLE 1 680 0 2655
HILB ROGAL & HOBBS COMPANY 431294107 12 352 SH SOLE 1 232 0 120
HITACHI LTD 433578507 15 250 SH SOLE 1 0 0 250
HOLLYWOOD MEDIA CORP 436233100 4 1075 SH SOLE 1 0 0 1075
HOME DEPOT 437076102 857 22053 SH SOLE 1 14361 0 7692
HOME DEPOT 437076102 59 1532 SH DEFINED 1 1532 0 0
HONEYWELL INTL INC 438516106 25 704 SH SOLE 1 704 0 0
HOSPITALITY PROPERTIES 44106M102 1 26 SH SOLE 1 0 0 26
HOSPIRA, INC 441060100 17 450 SH DEFINED 1 50 400 0
HUBBELL INC CL B 443510201 44 1000 SH SOLE 1 0 0 1000
HUMANA INC 444859102 58 1462 SH SOLE 1 384 0 1078
JB HUNT TRANSPORT SVC INC 445658107 9 490 SH SOLE 1 0 0 490
ING PRIME RATE TR SH BEN INT 44977W106 48 6907 SH SOLE 1 6907 0 0
ILLINOIS TOOL WORKS INC 452308109 55 698 SH SOLE 1 185 0 513
ING GROEP N V 456837103 79 2828 SH SOLE 1 422 0 2406
INTEL CORP CAP 458140100 1097 42195 SH SOLE 1 24895 0 17300
INTEL CORP CAP 458140100 93 3600 SH DEFINED 1 3600 0 0
IBM CORP 459200101 693 9353 SH SOLE 1 5990 0 3363
IBM CORP 459200101 311 4203 SH DEFINED 1 4203 0 0
INTERNATIONAL DISPLAYWORKS 459412102 3 490 SH SOLE 1 0 0 490
INTL PAPER CO 460146103 9 300 SH SOLE 1 300 0 0
INTL PAPER CO 460146103 27 900 SH DEFINED 1 0 900 0
INVACARE CORP COM 461203101 49 1120 SH SOLE 1 230 0 890
I SHARES S& P 500/BARRA VALUE 464287408 56 900 SH SOLE 1 900 0 0
IXYS CORP 46600W106 10 710 SH SOLE 1 0 0 710
JDS UNIPHASE CORP COM 46612J101 0 60 SH SOLE 1 60 0 0
JLG INDUSTRIES INC 466210101 7 265 SH SOLE 1 0 0 265
JPMORGAN CHASE & CO COM 46625H100 634 17982 SH SOLE 1 10746 0 7236
JPMORGAN CHASE & CO COM 46625H100 122 3456 SH DEFINED 1 1500 1956 0
JACOBS ENGINEERING GROUP INC 469814107 47 853 SH SOLE 1 222 0 631
JACUZZI BRANDS INC 469865109 57 5345 SH SOLE 1 1160 0 4185
JEFFERSON PILOT CORPORATION 475070108 11 230 SH SOLE 1 0 0 230
JOHNSON & JOHNSON 478160104 2667 41032 SH SOLE 1 35206 0 5826
JOHNSON & JOHNSON 478160104 615 9475 SH DEFINED 1 7000 1200 1275
JOHNSON CONTROLS INC 478366107 249 4426 SH SOLE 1 2630 0 1796
JONES APPAREL GROUP INC 480074103 260 8397 SH SOLE 1 554 0 7843
JONES LANG LASALLE INC COM 48020Q107 10 235 SH SOLE 1 0 0 235
JOURNAL REGISTER CO 481138105 38 2220 SH SOLE 1 450 0 1770
KT CORP SPONSORED ADR 48268K101 26 1247 SH SOLE 1 0 0 1247
K2 INC 482732104 48 3855 SH SOLE 1 785 0 3070
KEYCORP NEW 493267108 61 1855 SH SOLE 1 1100 0 755
KEYSPAN CORP COM 49337W100 11 285 SH SOLE 1 0 0 285
KIMBERLY-CLARK CORP 494368103 18 295 SH SOLE 1 100 0 195
KIMBERLY-CLARK CORP 494368103 15 250 SH DEFINED 1 250 0 0
KINDER MORGAN ENERGY 494550106 11 232 SH SOLE 1 232 0 0
PARTNERS, L.P
KONINKLIJKE PHLPS ELECTRS N ADR NEW 500472303 15 622 SH SOLE 1 0 0 622
V SP
KOREA ELECTRIC POWER ADR 500631106 15 976 SH SOLE 1 0 0 976
LTX CORP 502392103 3 705 SH SOLE 1 0 0 705
LA QUINTA CORP PAIRED CTF 1 COM LA 50419U202 21 2320 SH SOLE 1 475 0 1845
QUINTA
ESTEE LAUDER CO 518439104 23 600 SH DEFINED 1 600 0 0
LEVEL 3 COMMUNICATIONS INC 52729N100 11 5587 SH SOLE 1 5587 0 0
LEXMARK INTL NEW CL A 529771107 98 1518 SH SOLE 1 233 0 1285
THE LIBERTY CORPORATION 530370105 51 1400 SH SOLE 1 1400 0 0
LIGAND PHARMACEUTICALS INC CL B 53220K207 5 800 SH SOLE 1 800 0 0
ELI LILLY & CO 532457108 356 6400 SH SOLE 1 6400 0 0
ELI LILLY & CO 532457108 83 1500 SH DEFINED 1 1500 0 0
LIMITED BRANDS, INC 532716107 77 3633 SH SOLE 1 667 0 2966
LINCOLN NATIONAL CORP IND 534187109 12 265 SH SOLE 1 0 0 265
LLOYDS TSB GROUP PLC ADR 539439109 10 300 SH SOLE 1 300 0 0
LOCKHEED MARTIN CORP 539830109 355 5485 SH SOLE 1 3320 0 2165
LOWES CO INC 548661107 389 6686 SH SOLE 1 4726 0 1960
LUCENT TECHNOLOGIES 549463107 12 4287 SH SOLE 1 3237 0 1050
LUCENT TECHNOLOGIES 549463107 2 1000 SH DEFINED 1 1000 0 0
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
LYONDELL CHEMICAL CO 552078107 13 520 SH SOLE 1 0 0 520
M & T BANK CORP 55261F104 210 2000 SH SOLE 1 2000 0 0
MBIA INC 55262C100 298 5029 SH SOLE 1 333 0 4696
MBNA CORP 55262L100 15 590 SH SOLE 1 0 0 590
MB FINANCIAL INC NEW 55264U108 27 695 SH SOLE 1 145 0 550
MTS SYSTEMS CORP 553777103 28 850 SH SOLE 1 170 0 680
MANULIFE FINANCIAL CORP 56501R106 1739 36386 SH SOLE 1 36386 0 0
MAPINFO CORP 565105103 3 360 SH SOLE 1 0 0 360
MARATHON OIL CORP 565849106 28 525 SH SOLE 1 0 0 525
MARTEN TRANSPORT LTD 573075108 10 485 SH SOLE 1 0 0 485
MASCO CORPORATION 574599106 216 6805 SH SOLE 1 3500 0 3305
MATRIXX INITIATIVES INC 57685L105 6 580 SH SOLE 1 0 0 580
MATTELL INC 577081102 52 2871 SH SOLE 1 677 0 2194
MAXIM INTEGRATED PRODUCTS INC 57772K101 98 2586 SH SOLE 1 356 0 2230
MAY DEPARTMENT STORES CO 577778103 13 325 SH SOLE 1 0 0 325
MCCORMICK & SCHMICKS SEAFOOD 579793100 6 435 SH SOLE 1 0 0 435
MCDONALD'S CORP 580135101 489 17636 SH SOLE 1 10922 0 6714
MCG CAPITAL CORP 58047P107 43 2555 SH SOLE 1 525 0 2030
MCGRATH RENTCORP 580589109 34 1445 SH SOLE 1 300 0 1145
MCKESSON CORP 58155Q103 289 6465 SH SOLE 1 3575 0 2890
MEADWESTVACO CORP 583334107 43 1547 SH SOLE 1 1547 0 0
MEDCO HEALTH SOLUTIONS INC 58405U102 19 361 SH SOLE 1 361 0 0
MEDICAL ACTION INDUSTRIES INC 58449L100 1 100 SH SOLE 1 0 0 100
MEDTRONIC INC COM 585055106 23 460 SH SOLE 1 460 0 0
MELLON FINL CORP 58551A108 34 1188 SH SOLE 1 800 0 388
MERCK & CO INC 589331107 241 7847 SH SOLE 1 4562 0 3285
MERIT MED SYS INC 589889104 6 435 SH SOLE 1 0 0 435
MERRILL LYNCH & CO, INC 590188108 17 320 SH SOLE 1 320 0 0
METLIFE INC COM 59156R108 42 947 SH SOLE 1 947 0 0
MICROS SYSTEMS INC 594901100 15 340 SH SOLE 1 0 0 340
MICROSOFT CORP 594918104 1072 43173 SH SOLE 1 21871 0 21302
MICROSOFT CORP 594918104 19 800 SH DEFINED 1 800 0 0
MICROSEMI CORP 595137100 13 735 SH SOLE 1 0 0 735
MID-AMERICA APARTMENT CMNTYS 59522J103 41 920 SH DEFINED 1 920 0 0
MIDAS GROUP INC 595626102 15 666 SH SOLE 1 666 0 0
MILLEA HLDGS INC ADR 60032R106 16 244 SH SOLE 1 0 0 244
MILLER HERMAN INC COM 600544100 23 750 SH SOLE 1 750 0 0
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MONACO COACH CORP 60886R103 36 2110 SH SOLE 1 435 0 1675
MONEYGRAM INTERNATIONAL INC 60935Y109 6 348 SH SOLE 1 348 0 0
MONRO MUFFLER BRAKE INC COM 610236101 39 1330 SH SOLE 1 280 0 1050
MONSANTO CO (NEW) 61166W101 11 187 SH SOLE 1 187 0 0
MOODYS CORP 615369105 202 4514 SH SOLE 1 1204 0 3310
MOOG INC CL A 615394202 23 755 SH SOLE 1 155 0 600
MORGAN STANLEY DEAN WITTER 617446448 682 13013 SH SOLE 1 7834 0 5179
DISCOVER & CO
MORGAN STANLEY DEAN WITTER 617446448 13 260 SH DEFINED 1 260 0 0
DISCOVER & CO
THE MOSIAIC COMPANY COMMON 61945A107 0 15 SH SOLE 1 15 0 0
STOCK
MOTOROLA INC 620076109 45 2472 SH SOLE 1 2068 0 404
MOTOROLA INC 620076109 5 300 SH DEFINED 1 300 0 0
MUNICIPAL MORTGAGE & EQUITY 62624B101 103 4000 SH SOLE 1 4000 0 0
LLC - GROWTH SH
MUNIVEST FD INC COM 626295109 50 5000 SOLE 1 5000 0 0
MUNIYIELD INSURED 62630E107 114 7500 DEFINED 1 7500 0 0
MURPHY OIL CORP COM 626717102 7489 143426 SH SOLE 1 134426 0 9000
MURPHY OIL CORP COM 626717102 485521 9297612 SH DEFINED 1 0 9297612 0
MYLAN LABORATORIES INC 628530107 36 1908 SH SOLE 1 1908 0 0
NBC CAP CORP 628729105 117 4833 SH SOLE 1 4833 0 0
NMS COMMUNICATIONS CORP 629248105 1 665 SH SOLE 1 0 0 665
NASDAQ 100 TRUST 631100104 29 800 SH SOLE 1 800 0 0
NATIONAL AUSTRALIA BK LTD ADR 632525408 35 303 SH SOLE 1 0 0 303
NAUTILUS GROUP, INC. 63910B102 8 285 SH SOLE 1 0 0 285
NAVARRE CORP 639208107 6 865 SH SOLE 1 0 0 865
NEWPARK RESOURCES, INC 651718504 0 8 SH SOLE 1 8 0 0
NEWS CORP 65248E104 400 24774 SH SOLE 1 1849 0 22925
NEWS CORP CL B NEW 65248E203 5 337 SH SOLE 1 0 0 337
NIKE INC CLASS B 654106103 60 700 SH SOLE 1 700 0 0
NIPPON TEL & TEL SPON ADR 654624105 30 1414 SH SOLE 1 102 0 1312
NISOURCE INC 65473P105 13 561 SH SOLE 1 0 0 561
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
NOKIA CORP SPND ADR 654902204 58 3524 SH SOLE 1 600 0 2924
NOMURA HOLDINGS INC ADR 65535H208 17 1489 SH SOLE 1 109 0 1380
NORDSON CORP COM 655663102 46 1360 SH SOLE 1 280 0 1080
NORFOLK SO CORP 655844108 44 1434 SH SOLE 1 1434 0 0
NORTEL NETWORK CORP NEW 656568102 16 6300 SH SOLE 1 6300 0 0
NORTHERN TRUST COMPANY NTRS 665859104 81 1780 SH SOLE 1 1780 0 0
NORTHERN TRUST COMPANY NTRS 665859104 164 3600 SH DEFINED 1 3600 0 0
NORTHRUP GRUMMAN 666807102 12 225 SH SOLE 1 0 0 225
NOVARTIS AG SPONSORED ADR 66987V109 55 1161 SH SOLE 1 83 0 1078
NUVEEN INSD PREMIUM INCOME 6706D8104 4 338 SOLE 1 338 0 0
MUNI FD
NUVEEN PREMIUM INCOME MUN 6706K4105 22 1800 SOLE 1 1800 0 0
FUND 4
NUVEEN PREMIUM INCOME MUN 6706K4105 25 2000 DEFINED 1 2000 0 0
FUND 4
OKLAHOMA GAS & ELEC ENERGY 670837103 35 1214 SH SOLE 1 1214 0 0
CORP
NUVEEN QUALITY INCOME MUNI 670977107 7 500 SH SOLE 1 500 0 0
NUVEEN TEX QLTY MUN INCOME FD 670983105 28 1750 SH SOLE 1 1750 0 0
NUVEEN PREMIER INSURED MUN 670987106 15 1000 DEFINED 1 1000 0 0
INCOME FUND INC
NUVEEN PREMIER MUNICIPAL INC 670988104 22 1565 SOLE 1 1565 0 0
OCCIDENTAL PETE COR DEL 674599105 51 675 SH SOLE 1 500 0 175
OIL STATES INTERNATIONAL INC 678026105 70 2785 SH SOLE 1 570 0 2215
OLIN CORP 680665205 7 400 SH SOLE 1 400 0 0
OLIN CORP 680665205 3 166 SH DEFINED 1 166 0 0
OMNIVISION TECHNOLOGIES 682128103 8 625 SH SOLE 1 0 0 625
OPENWAVE SYS INC COM NEW 683718308 12 775 SH SOLE 1 0 0 775
ORACLE SYSTEMS CORP 68389X105 201 15240 SH SOLE 1 8585 0 6655
ORANGE 685317109 2 500 SH SOLE 1 0 0 500
PNC BANK CORP 693475105 2 48 SH SOLE 1 0 0 48
PPG INDUSTRIES INC 693506107 6 99 SH SOLE 1 0 0 99
PACKAGING CORP AMER 695156109 1 91 SH SOLE 1 0 0 91
PACTIV COPR 695257105 73 3429 SH SOLE 1 1437 0 1992
PALMONE INC COM 69713P107 2 100 SH SOLE 1 100 0 0
PARKWAY PROPERTIES INC 70159Q104 10 200 SH SOLE 1 200 0 0
PATTERSON COMPANIES INC 703395103 486 10805 SH SOLE 1 350 0 10455
PCCW LTD SONSORED ADR 70454G207 3 494 SH DEFINED 1 494 0 0
PEDIATRIX MEDICAL GROUP INC 705324101 57 780 SH SOLE 1 160 0 620
PEETS COFFEE & TEA INC 705560100 6 190 SH SOLE 1 0 0 190
PEOPLES ENERGY CORP COM 711030106 1 26 SH SOLE 1 0 0 26
PEPSIAMERICAS INC 71343P200 102 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1347 24986 SH SOLE 1 24706 0 280
PEPSICO INC COM 713448108 114 2130 SH DEFINED 1 1030 1100 0
PETROCHINA CO LTD 71646E100 14 195 SH SOLE 1 0 0 195
PETROHAWK ENERGY CORP 716495106 21 1995 SH SOLE 1 355 0 1640
PETROBRAS 71654V408 15 290 SH SOLE 1 0 0 290
PFIZER INC 717081103 1390 50418 SH SOLE 1 33951 0 16467
PFIZER INC 717081103 115 4185 SH DEFINED 1 3485 700 0
PILGRIMS PRIDE CORP COM 721467108 23 680 SH SOLE 1 680 0 0
PIMCO MUNI INCOME FUND III 72201A103 20 1333 SOLE 1 1333 0 0
PINNACLE WEST CAP CORP 723484101 350 7880 SH SOLE 1 4335 0 3545
PLUM CREEK TIMBER CO INC 729251108 277 7637 SH SOLE 1 7637 0 0
PORTUGAL TELECOM ADR 737273102 13 1458 SH SOLE 1 0 0 1458
POWER-ONE INC 739308104 10 1665 SH SOLE 1 0 0 1665
PRESSTEK INC COM 741113104 5 470 SH SOLE 1 0 0 470
PRINCIPAL FINANCIAL GROUP 74251V102 37 896 SH SOLE 1 896 0 0
PROCTER & GAMBLE CO COM 742718109 1428 27077 SH SOLE 1 23662 0 3415
PROCTER & GAMBLE CO COM 742718109 369 7000 SH DEFINED 1 7000 0 0
PROVIDENCE SYC CORP 743815102 12 485 SH SOLE 1 0 0 485
PROVIDENT BANK SHARES, INC 743859100 43 1360 SH SOLE 1 280 0 1080
PSYCHIATRIC SOLUTIONS 74439H108 16 340 SH SOLE 1 0 0 340
PUBLIC SVC ENTERPRISE GROUP 744573106 11 185 SH SOLE 1 0 0 185
INC
PUTNAM MANAGED MUNICIPAL 746823103 3 500 SOLE 1 0 0 500
INCOME TRUST
QLOGIC CORP COM 747277101 15 500 SH SOLE 1 500 0 0
QWEST COMMUNICATIONS INTL INC COM 749121109 4 1094 SH SOLE 1 1094 0 0
CEF RMK HIGH INCOME FUND 74963B105 17 1008 SH SOLE 1 1008 0 0
RAYMOND JAMES FINANCIAL CORP 754730109 51 1815 SH SOLE 1 365 0 1450
REDWOOD TR INC COM 758075402 26 520 SH SOLE 1 110 0 410
REED ELSEVIER PLC SPON ADR 758205108 46 1213 SH SOLE 1 0 0 1213
MKT ** VOTING AUTHORITY **
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
REGIS CORPORATION-MN 758932107 42 1100 SH SOLE 1 220 0 880
REGIONS FINANCIAL CORP NEW 7591EP100 1626 47994 SH SOLE 1 47294 0 700
REGIONS FINANCIAL CORP NEW 7591EP100 74 2205 SH DEFINED 1 0 2205 0
RELIANT ENERGY INC 75952B105 9 767 SH SOLE 1 373 0 394
RELIANT ENERGY INC 75952B105 21 1712 SH DEFINED 1 1712 0 0
RENASANT CORP COM 75970E107 39 1300 SH SOLE 1 1300 0 0
REPSOL YPF ADR 76026T205 21 855 SH SOLE 1 0 0 855
REPUBLIC BANCORP INC 760282103 55 3710 SH SOLE 1 755 0 2955
REYNOLDS & REYNOLDS CO CL A 761695105 32 1185 SH SOLE 1 245 0 940
REYNOLDS AMERICAN INC 761713106 13 165 SH SOLE 1 0 0 165
ROCKWELL AUTOMATION, INC 773903109 8 177 SH SOLE 1 177 0 0
ROCKWELL COLLINS INC 774341101 8 177 SH SOLE 1 177 0 0
ROHM & HAAS CO COM 775371107 16 361 SH SOLE 1 361 0 0
ROWE COMPANIES 779528108 3 885 SH SOLE 1 0 0 885
ROYAL DUTCH PETE CO NY REG 780257804 132 2043 SH SOLE 1 2043 0 0
GD1.25
ROYAL DUTCH PETE CO NY REG 780257804 265 4096 SH DEFINED 1 4096 0 0
GD1.25
RUBIO'S RESTAURANTS INC 78116B102 5 510 SH SOLE 1 0 0 510
RUBY TUESDAY INC 781182100 27 1060 SH DEFINED 1 430 0 630
RUSH ENTERPRISES INC 781846209 10 805 SH SOLE 1 0 0 805
SBC COMMUNICATIONS, INC 78387G103 947 39905 SH SOLE 1 27940 0 11965
SBC COMMUNICATIONS, INC 78387G103 63 2677 SH DEFINED 1 780 1897 0
SVB FINL GROUP COM 78486Q101 12 270 SH SOLE 1 0 0 270
ST PAUL TRAVELERS CO.'S INC 792860108 84 2150 SH SOLE 1 463 0 1687
SCANA CORP NEW 80589M102 9 222 SH SOLE 1 222 0 0
SCHERING PLOUGH CORP COM 806605101 290 15234 SH SOLE 1 15234 0 0
SCHLUMBERGER LTD COM 806857108 53 700 SH SOLE 1 700 0 0
SCRIPPS EW INC NEW CL A 811054204 29 600 SH SOLE 1 600 0 0
SELIGMAN SELECT MUN FD INC 816344105 12 1250 SH SOLE 1 1250 0 0
SEMPRA ENERGY COM 816851109 12 310 SH SOLE 1 0 0 310
SERACARE LIFE SCIENCES INC 81747Q100 4 305 SH SOLE 1 0 0 305
SERVICEMASTER COMPANY COM 81760N109 80 6023 SH SOLE 1 6023 0 0
SHELL TRANS & TRADING PLC NEW 822703609 17 302 SH SOLE 1 0 0 302
NEW YRK SH
SHELL TRANS & TRADING PLC NEW 822703609 104 1800 SH DEFINED 1 1800 0 0
NEW YRK SH
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 357 13200 SH SOLE 1 13200 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 13 500 SH DEFINED 1 500 0 0
SIMON PROPERTY GROUP INC 828806109 144 2000 SH SOLE 1 2000 0 0
SKYWORKS SOLUTIONS 83088M102 1 166 SH SOLE 1 166 0 0
SMUCKER J M CO 832696405 0 3 SH SOLE 1 3 0 0
SONY CORP 835699307 19 558 SH SOLE 1 0 0 558
SONY CORP 835699307 34 1000 SH DEFINED 1 1000 0 0
SOUTHERN CO COM 842587107 308 8894 SH SOLE 1 8837 0 57
SOUTHERN CO COM 842587107 153 4426 SH DEFINED 1 4426 0 0
SOUTHWESTERN ENERGY CO 845467109 29 630 SH SOLE 1 130 0 500
SPRINT CORP COM FON 852061100 1405 56000 SH SOLE 1 56000 0 0
STANLEY WORKS 854616109 13 290 SH SOLE 1 0 0 290
STARBUCKS CORP 855244109 183 3555 SH SOLE 1 515 0 3040
STATOIL ASA SPON ADR 85771P102 24 1205 SH SOLE 1 0 0 1205
STORA ENSO OYJ ADR 86210M106 30 2372 SH SOLE 1 0 0 2372
STRATASYS INC 862685104 11 350 SH SOLE 1 0 0 350
STRAYED ED INC COM 863236105 5 65 SH SOLE 1 25 0 40
SUN LIFE FINANCIAL 866796105 52 1561 SH SOLE 1 1561 0 0
SUNOCO INC 86764P109 22 200 SH SOLE 1 200 0 0
SUNTRUST BANKS INC COM 867914103 124 1730 SH SOLE 1 1730 0 0
SUPERIOR ENERGY SERVICES INC 868157108 4 240 SH SOLE 1 0 0 240
SYNOVUS FINL CORP 87161C105 32 1125 SH SOLE 1 1125 0 0
SYSCO CORP 871829107 31 863 SH SOLE 1 863 0 0
TECO ENERGY INC COM 872375100 3 200 SH SOLE 1 200 0 0
TEPPCO PARTNERS LP 872384102 31 1100 SH SOLE 1 1100 0 0
TNT N V SPONSORED
ADR 87260W101 33 1323 SH SOLE 1 0 0 1323
TXU CORP 873168108 157 1900 SH SOLE 1 400 0 1500
TAIWAN SEMICONDUCTOR MFG CO ADR'S 874039100 20 2250 SH SOLE 1 0 0 2250
LTD
TARGET CORP 87612E106 117 2156 SH SOLE 1 1242 0 914
TARGET CORP 87612E106 21 400 SH DEFINED 1 400 0 0
TEAM INC 878155100 36 1675 SH SOLE 1 325 0 1350
TELEFONOS DE MEXICO SA DE CV SPONS ADR 879403780 31 1646 SH SOLE 1 0 0 1646
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
TELLABS INC DELAWARE 879664100 1 200 SH DEFINED 1 200 0 0
TEMPLE INLAND INC COM 879868107 66 1800 SH SOLE 1 1800 0 0
TERRA INDUSTRIES INC 880915103 0 15 SH SOLE 1 15 0 0
TEVA PHARMACEUTICAL IND ADR S881624209 124 4001 SH SOLE 1 586 0 3415
TESSERA TECHNOLOGIES INC 88164L100 19 580 SH SOLE 1 0 0 580
TEXAS INSTRUMENTS 882508104 49 1750 SH SOLE 1 1750 0 0
THORNBURG MORTGAGE INC 885218107 23 800 SH SOLE 1 800 0 0
3M CO 88579Y101 571 7906 SH SOLE 1 4746 0 3160
TIFFANY & CO NEW 886547108 72 2200 SH SOLE 1 2200 0 0
TIME WARNER INC 887317105 377 22595 SH SOLE 1 22220 0 375
TOTAL FINA ELF S.A. ADR 89151E109 34 297 SH SOLE 1 21 0 276
TOYOTA MOTOR CORP ADR NEW 892331307 25 359 SH SOLE 1 25 0 334
TRADESTATION GROUP INC 89267P105 12 1470 SH SOLE 1 0 0 1470
TRIAD HOSPS INC 89579K109 14 260 SH SOLE 1 130 0 130
TRIARC COS INC CL A 895927101 14 925 SH SOLE 1 195 0 730
TRIARC COMPANIES "B" SR1 895927309 65 4430 SH SOLE 1 965 0 3465
TRIBUNE COMPANY 896047107 42 1200 SH SOLE 1 1200 0 0
TRUSTMARK CORP COM 898402102 480 16442 SH SOLE 1 16442 0 0
TYCO INTL LTD NEW COM 902124106 9 330 SH SOLE 1 0 0 330
TYSON FOODS INC CL A 902494103 272 15326 SH SOLE 1 976 0 14350
USA TRUCK INC -RESTRICTED 902925106 1027 41498 SH SOLE 1 41498 0 0
US BANCORP DEL NEW 902973304 85 2923 SH SOLE 1 556 0 2367
US CONCRETE INC 90333L102 35 5415 SH SOLE 1 1100 0 4315
U S HOME SYS INC 90335C100 2 470 SH SOLE 1 0 0 470
ULTRA PETROLEUM CORP-CAD 903914109 14 480 SH SOLE 1 100 0 380
UNION PACIFIC CORP 907818108 12 200 SH SOLE 1 200 0 0
UNION PACIFIC CORP 907818108 246 3800 SH DEFINED 1 0 3800 0
UNITED AUTO GROUP 909440109 56 1890 SH SOLE 1 390 0 1500
UNITED UTILITIES PLC SP 91311Q105 1 59 SH SOLE 1 0 0 59
UNITED COMPRESSION HOLDINGS 913431102 55 1545 SH SOLE 1 315 0 1230
UNIVERSAL TRUCKLOAD SVCS INC 91388P105 10 605 SH SOLE 1 0 0 605
UPM KYMMENE CORP SPN ADR 915436109 17 901 SH SOLE 1 0 0 901
VF CORPORATION 918204108 12 215 SH SOLE 1 0 0 215
VAN KAMPEN MERRITT VALUE 921132106 5 370 SOLE 1 370 0 0
MUNICIPAL INCOME TR
VARIAN MEDICAL SYSTEMS 92220P105 107 2887 SH SOLE 1 382 0 2505
VARIAN SEMICONDUCTOR EQUIP 922207105 11 320 SH SOLE 1 0 0 320
VERIZON COMMUNICATIONS 92343V104 612 17731 SH SOLE 1 11121 0 6610
VERIZON COMMUNICATIONS 92343V104 86 2517 SH DEFINED 1 1719 798 0
VIAD CORPORATION 92552R406 2 87 SH SOLE 1 87 0 0
VIACOM INC CL B 925524308 394 12329 SH SOLE 1 11730 0 599
VIACOM INC CL B 925524308 10 325 SH DEFINED 1 325 0 0
VISTEON CORP 92839U107 0 10 SH SOLE 1 10 0 0
VITRAN CORP 92850E107 7 475 SH SOLE 1 0 0 475
VODAFONE GROUP PLC NEW 92857W100 149 6165 SH SOLE 1 3689 0 2476
VODAFONE GROUP PLC NEW 92857W100 13 565 SH DEFINED 1 0 565 0
W H ENERGY SERVICES 92925E108 10 435 SH SOLE 1 0 0 435
WACHOVIA CORP 2ND NEW 929903102 894 18036 SH SOLE 1 13504 0 4532
WACHOVIA CORP 2ND NEW 929903102 24 500 SH DEFINED 1 500 0 0
WAL MART STORES INC COM 931142103 1972 40915 SH SOLE 1 31770 0 9145
WAL MART STORES INC COM 931142103 194 4036 SH DEFINED 1 1036 3000 0
WALGREEN CO COM 931422109 244 5314 SH SOLE 1 2274 0 3040
WASHINGTON MUTUAL INC 939322103 25 630 SH SOLE 1 0 0 630
WASTE MANAGEMENT INC NEW 94106L109 114 4045 SH SOLE 1 1250 0 2795
WASTE MANAGEMENT INC NEW 94106L109 0 1 SH DEFINED 1 0 0 1
WATSCO INC 942622200 47 1120 SH SOLE 1 230 0 890
WELLS FARGO & CO. NEW 949746101 166 2696 SH SOLE 1 2135 0 561
WELLS FARGO & CO. NEW 949746101 12 200 SH DEFINED 1 200 0 0
WESTAR ENERGY INC 95709T100 60 2515 SH SOLE 1 670 0 1845
WEYERHAEUSER CO COM 962166104 31 500 SH SOLE 1 0 0 500
WHIRLPOOL CORP 963320106 26 380 SH SOLE 1 0 0 380
WHITING PETE CORP NEW COM 966387102 53 1485 SH SOLE 1 300 0 1185
WHITNEY HOLDING CORP COMMON 966612103 85 2625 SH SOLE 1 2625 0 0
WITNESS SYSTEM INC 977424100 13 730 SH SOLE 1 0 0 730
WYETH 983024100 846 19027 SH SOLE 1 11517 0 7510
XM SATELLITE 983759101 841 25000 SH SOLE 1 25000 0 0
XCEL ENERGY INC 98389B100 3 154 SH SOLE 1 154 0 0
YANKEE CANDLE CO INC 984757104 8 265 SH SOLE 1 175 0 90
YORK INTL CORP NEW COM 986670107 31 820 SH SOLE 1 170 0 650
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
YUM BRANDS INC 988498101 96 1846 SH SOLE 1 1846 0 0
ZALE CORP NEW 988858106 43 1380 SH SOLE 1 280 0 1100
ZIMMER HLDGS INC 98956P102 113 1491 SH SOLE 1 226 0 1265
ABN AMRO/MONTAG & CALDWELL 00078H299 10 456 SH SOLE 0 0 456
GROWTH FUND CLASS N
AFLAC INC 1055102 22 500 SH SOLE 0 0 500
AT&T CORP COM NEW 1957505 12 600 SH SOLE 0 0 600
ALCOA INC COM 13817101 26 1,000 SH SOLE 0 0 1,000
TECHNOLOGY FUND CLASS A
RESERVES FUND CLASS B
ALLSTATE CORP 20002101 9 150 SH SOLE 0 0 150
ALLTEL CORP 20039103 14 225 SH SOLE 0 0 225
ALTRIA GROUP INC COM 02209S103 128 2,005 SH SOLE 0 0 2,005
AMEREN CORP COM 23608102 11 200 SH SOLE 0 0 200
AMERICAN CAP STRATEGIES LTD COM 24937104 120 3,330 SH SOLE 0 0 3,330
AMERICAN INTERNATIONAL GROUP 26874107 4 67 SH SOLE 0 0 67
INC
AMGEN INC 31162100 68 1,115 SH SOLE 0 0 1,115
AMSOUTH BANCORPORATION COM 32165102 367 14,104 SH SOLE 0 0 14,104
AMSURG CORP COM 03232P405 14 500 SH SOLE 0 0 500
AMYLIN PHARMACEUTICALS INC 32346108 10 500 SH SOLE 0 0 500
ANHEUSER-BUSCH COS INC 35229103 37 800 SH SOLE 0 0 800
ANNALY MTG MGMT INC COM 35710409 195 10,810 SH SOLE 0 0 10,810
APPLE COMPUTER INC 37833100 18 500 SH SOLE 0 0 500
ASTRAZENECA PLC SPONSORED 46353108 21 500 SH SOLE 0 0 500
ADR
AUTOMATIC DATA PROCESSING COM 53015103 4 100 SH SOLE 0 0 100
INC
BACKYARD BURGERS INC COM 05635W101 11 2,000 SH SOLE 0 0 2,000
BANCORPSOUTH INC 59692103 310 13,123 SH SOLE 0 0 13,123
BANK OF AMERICA COM 60505104 56 1,240 SH SOLE 0 0 1,240
BARCLAYS PLC ADRS 06738c828 3 75 SH SOLE 0 0 75
BEST BUY COMPANY INC 86516101 45 665 SH SOLE 0 0 665
BIOMET INC 90613100 17 500 SH SOLE 0 0 500
BONANZA RES CORP COM 09784P107 0 122 SH SOLE 0 0 122
ISIN#CA09784P1071
BOSTON SCIENTIFIC CORP 101137107 20 740 SH SOLE 0 0 740
CVB FINANCIAL CORP 126600105 14 687 SH SOLE 0 0 687
CTFS PARTN-ELEM SCH CORP
4.450% 04/01/20 REG DTD
02/01/03 CLB
CAPITAL ONE FINL CORP COM 14040H105 8 100 SH SOLE 0 0 100
CHEVRON CORP COM 166764100 16 300 SH SOLE 0 0 300
CINERGY CORP COM 172474108 13 280 SH SOLE 0 0 280
CISCO SYSTEMS INC 17275R102 164 8,570 SH SOLE 0 0 8,570
CITIGROUP INC COM 172967101 276 6,002 SH SOLE 0 0 6,002
CLEVELAND CLIFFS INC 185896107 87 1,500 SH SOLE 0 0 1,500
COCA-COLA COMPANY 191216100 25 600 SH SOLE 0 0 600
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
COLUMBIA HIGH-YIELD FUND 197708100 242 27,989 SH SOLE 0 0 27,989
COMPANHIA VALE DO RIO DOCE 204412209 59 2,000 SH SOLE 0 0 2,000
ADR
CONSOLIDATED EDISON INC COM 209115104 14 300 SH SOLE 0 0 300
COOPER COS INC COM NEW 216648402 30 500 SH SOLE 0 0 500
COVENTRY HEALTH CARE INC COM 222862104 7 100 SH SOLE 0 0 100
DELL INC COM 24702R101 26 650 SH SOLE 0 0 650
DELUXE CORP 248019101 74 1,860 SH SOLE 0 0 1,860
DIEBOLD INC 253651103 9 200 SH SOLE 0 0 200
DOW CHEM CO 260543103 163 3,640 SH SOLE 0 0 3,640
DUKE ENERGY CORP COM 264399106 12 400 SH SOLE 0 0 400
EMC CORP (MASS) COM 268648102 14 1,000 SH SOLE 0 0 1,000
HEALTH SCIENCES FUND CLASS A
EMULEX CORP COM NEW 292475209 9 500 SH SOLE 0 0 500
ENGINEERED SUPPORT SYS INC 292866100 18 500 SH SOLE 0 0 500
EXXON MOBIL CORP COM 30231G102 220 3,850 SH SOLE 0 0 3,850
FPA CAP FD INC 302539101 196 4,568 SH SOLE 0 0 4,568
FT UNIT 822 TARGET VIP PORT 30268A572 99 9,328 SH SOLE 0 0 9,328
2ND QUARTER 2004 SER SEMI
ANNUAL FEE ACCT REINVESTMENT
FT UNIT 857 DOW TARGET DIVID 30268C388 27 2,606 SH SOLE 0 0 2,606
PORT 3RD QUARTER 2004 SER
SEMI ANNUAL FEE ACCT CASH
FT UNIT 857 TARGET VIP PORT 30268C586 312 29,256 SH SOLE 0 0 29,256
3RD QUARTER 2004 SER SEMI
ANNUAL FEE ACCT CASH
FT UNIT 857 TARGET VIP PORT 30268C594 13 1,249 SH SOLE 0 0 1,249
3RD QUARTER 2004 SER SEMI
ANNUAL FEE ACCT REINVESTMENT
FT UNIT 863 SR LN CLOSED-END 30268D105 10 1,178 SH SOLE 0 0 1,178
PORT MONTHLY CASH
FT UNIT 863 SR LN CLOSED-END 30268D121 283 34,467 SH SOLE 0 0 34,467
PORT MONTHLY FEE ACCT CASH
FT UNIT 913 DOW TARGET DIVID 30268H502 26 2,566 SH SOLE 0 0 2,566
PORTFOLIO 1ST QUARTER 2005
SER SEMI ANNUAL FEE ACCTS
CASH
FT UNIT 913 VALUE LINE 30268H791 71 7,017 SH SOLE 0 0 7,017
TARGET 25 PORTFOLIO 1ST
QUARTER 2005 SER SEMI ANNUAL
FEE ACCTS REINVESTMENT
FT UNIT 942 NYSE INTL TARGET 30268K638 50 5,126 SH SOLE 0 0 5,126
25 PORTFOLIO 1ST QUARTER
2005 SER B SEMI ANNUAL FEE
ACCTS REINVESTMENT
FT UNIT 950 DOW TARGET DIV 30268L321 17 1,675 SH SOLE 0 0 1,675
PORT 2ND QTR 2005 SER SEMI
ANNUAL FEE ACCTS CASH
FT UNIT 950 DOW TARGET DIV 30268L339 15 1,537 SH SOLE 0 0 1,537
PORT 2ND QTR 2005 SER SEMI
ANNUAL FEE ACCTS REINVEST
FT UNIT 950 VALUE LINE 30268L685 19 1,770 SH SOLE 0 0 1,770
TARGET 25 PORT 2ND QTR 2005
SER SEMI ANNUAL FEE ACCTS
CASH
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
FT UNIT 946 VALUE LINE 30268L693 16 1,537 SH SOLE 0 0 1,537
TARGET 25 PORT APRIL 2005
SER SEMI ANNUAL FEE ACCTS
REINVEST
FT UNIT 964 THE DOW TARGET 30269B249 26 2,569 SH SOLE 0 0 2,569
DIVIDEND PORT MAY 2005 SER
SEMI ANNUAL FEE ACCT CASH
FT UNIT 964 VALUE LINE 30269B322 30 2,590 SH SOLE 0 0 2,590
TARGET 25 PORT MAY 2005 SEMI
ANNUAL FEE ACCT CASH
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
FEDERAL SIGNAL CORP 313855108 16 1,000 SH SOLE 0 0 1,000
FEDEX CORP COM 31428X106 34 420 SH SOLE 0 0 420
GENERAL ELECTRIC CO COM 369604103 358 10,335 SH SOLE 0 0 10,335
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
GILLETTE COMPANY 375766102 5 100 SH SOLE 0 0 100
GOLDMAN SACHS GROUP INC COM 38141G104 10 100 SH SOLE 0 0 100
HCA INC COM 404119109 6 100 SH SOLE 0 0 100
HRPT PPTYS TR COM SH BEN 40426W101 62 5,000 SH SOLE 0 0 5,000
INT
OAKMARK FUND 413838103 5 129 SH SOLE 0 0 129
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
HOSPITALITY PPTYS TRUST 44106M102 44 1,000 SH SOLE 0 0 1,000
COMMON SHARES OF BENEFICIAL
INTEREST
HOUSTON EXPLORATION CO COM 442120101 25 475 SH SOLE 0 0 475
ICOS CORP 449295104 42 2,000 SH SOLE 0 0 2,000
INTEL CORP COM 458140100 162 6,190 SH SOLE 0 0 6,190
INTERNATIONAL BUSINESS MACHS COM 459200101 79 1,070 SH SOLE 0 0 1,070
CORP
INTERNATIONAL PAPER CO 460146103 15 500 SH SOLE 0 0 500
INTERNATIONAL SPEEDWAY CORP 460335201 34 600 SH SOLE 0 0 600
CL A
ISHARES INC MSCI PACIFIC EX 464286665 293 3,115 SH SOLE 0 0 3,115
JAPAN INDEX FD
ISHARES TR MSCI EAFE INDEX FD 464287465 166 3,174 SH SOLE 0 0 3,174
ISHARES TR S&P MIDCAP 400 464287507 286 4,180 SH SOLE 0 0 4,180
INDEX FD
ISHARES TR DOW JONES US FINL 464287788 417 4,394 SH SOLE 0 0 4,394
SECTOR INDEX FD
ISHARES TR S&P SMALLCAP 600 464287804 229 4,170 SH SOLE 0 0 4,170
INDEX FD
JDS UNIPHASE CORP 46612J101 0 250 SH SOLE 0 0 250
JOHNSON & JOHNSON COM 478160104 95 1,450 SH SOLE 0 0 1,450
JUNIPER NETWORKS INC COM 48203R104 53 2,100 SH SOLE 0 0 2,100
KERR MCGEE CORP 492386107 16 198 SH SOLE 0 0 198
KING PHARMACEUTICALS INC COM 495582108 5 500 SH SOLE 0 0 500
KNIGHT TRANSPORTATION 499064103 36 1,500 SH SOLE 0 0 1,500
KRAFT FOODS INC CL A 50075N104 12 375 SH SOLE 0 0 375
LANDSTAR SYSTEMS INC COM 515098101 6 200 SH SOLE 0 0 200
ELI LILLY & CO 532457108 22 400 SH SOLE 0 0 400
LINEAR TECHNOLOGY CORP 535678106 54 1,500 SH SOLE 0 0 1,500
*LONGLEAF PARTNERS FUND 543069108 5 165 SH SOLE 0 0 165
LOWES COS INC 548661107 29 500 SH SOLE 0 0 500
LUCENT TECHNOLOGIES INC COM 549463107 39 13,600 SH SOLE 0 0 13,600
MBNA CORP 55262L100 21 800 SH SOLE 0 0 800
MKS INSTRS INC COM 55306N104 3 200 SH SOLE 0 0 200
MSGI SEC SOLUTIONS INC COM 553570102 0 42 SH SOLE 0 0 42
MAGELLAN MIDSTREAM PARTNERS 559080106 11 350 SH SOLE 0 0 350
LP COM UNIT REPSTG LTD
PARTNER INT
MASCO CORP COM 574599106 13 400 SH SOLE 0 0 400
MATTHEWS PACIFIC TIGER FUND 577130107 25 1,509 SH SOLE 0 0 1,509
MAXIM INTEGRATED PRODUCTS INC 57772K101 19 500 SH SOLE 0 0 500
MEADWESTVACO CORP COM 583334107 14 500 SH SOLE 0 0 500
*MERIDIAN GROWTH FUND 589619105 175 4,901 SH SOLE 0 0 4,901
MERISTAR HOSPITALITY CORP COM 58984Y103 7 847 SH SOLE 0 0 847
MERITOR SAVINGS BK 590007100 112 27,600 SH SOLE 0 0 27,600
MICROSOFT CORP COM 594918104 234 9,470 SH SOLE 0 0 9,470
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
MYLAN LABORATORIES INC 628530107 33 1,670 SH SOLE 0 0 1,670
NASDAQ 100 TR UNIT SER 1 631100104 102 2,750 SH SOLE 0 0 2,750
NUVEEN QUALITY PFD INCOME FD 67071S309 50 2 SH SOLE 0 0 2
PFD SHS SER T 0.0% CALLABLE
NUVEEN QUALITY PFD INCOME FD 67071S606 200 8 SH SOLE 0 0 8
PFD SHS SER CALLABLE
NUVEEN QUALITY PFD INCOME FD 67072C204 1,000 40 SH SOLE 0 0 40
2 PFD SHS SER M CALLABLE
NUVEEN FLOATING RATE INCOME 67072T207 125 5 SH SOLE 0 0 5
FD FD PFD SHS SER M
NUVEEN PFD & CONV INCOME FD 67073B205 150 6 SH SOLE 0 0 6
FUNDPREFERRED SHS SER M
NUVEEN PFD & CONV INCOME FD 67073B601 800 32 SH SOLE 0 0 32
AUCTION RT PREFERRED SHS SER
F CALLABLE
NUVEEN PFD & CONV INCOME FD 67073D201 50 2 SH SOLE 0 0 2
2 PFD SER M CALLABLE AUCTION
RATE PFD
NUVEEN PFD & CONV INCOME FD 67073D607 175 7 SH SOLE 0 0 7
2 COM PFD SER W
NUVEEN PFD & CONV INCOME FD 67073D870 1,000 40 SH SOLE 0 0 40
2 PFD SER F
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
OCEANEERING INTL INC 675232102 8 200 SH SOLE 0 0 200
OLIN CORP NEW COM PAR $1 680665205 22 1,200 SH SOLE 0 0 1,200
OPEN JT STK CO VIMPEL 68370R109 17 500 SH SOLE 0 0 500
COMMUNICATION SPONSORED ADR
DREYFUS MID-CAP INDEX FUND 712223106 31 1,158 SH SOLE 0 0 1,158
PEPSICO INC 713448108 56 1,040 SH SOLE 0 0 1,040
PFIZER INC COM 717081103 65 2,300 SH SOLE 0 0 2,300
T ROWE PRICE HEALTH SCIENCES 741480107 5 218 SH SOLE 0 0 218
PROCTER & GAMBLE CO 742718109 244 4,630 SH SOLE 0 0 4,630
RF MICRO DEVICES INC COM 749941100 2 400 SH SOLE 0 0 400
REGIONS FINL CORP NEW COM 7591EP100 27 800 SH SOLE 0 0 800
RESNASANT CORP COM 75970e107 66 2,158 SH SOLE 0 0 2,158
REYNOLDS AMERN INC COM 761713106 47 600 SH SOLE 0 0 600
STANDARD & POORS DEPOSITARY 78462F103 911 7,645 SH SOLE 0 0 7,645
RECEIPTS (SPDR'S) UNITS OF
UNDIVIDED BENEFICIAL INTEREST
THE SAINT JOE CO COM 790148100 37 450 SH SOLE 0 0 450
SANMINA SCI CORP COM 800907107 22 4,000 SH SOLE 0 0 4,000
SANOFI-AVENTIS SPONS ADR 80105N105 2 50 SH SOLE 0 0 50
ISIN#US80105N1054
SCHERING-PLOUGH CORP COM 806605101 29 1,500 SH SOLE 0 0 1,500
SELECT SECTOR SPDR FD 81369Y100 220 8,108 SH SOLE 0 0 8,108
MATERIALS
SECTOR SPDR TR SHS BEN INT 81369Y605 408 13,833 SH SOLE 0 0 13,833
FINANCIAL
SMUCKER J M CO COM NEW 832696405 0 4 SH SOLE 0 0 4
SONUS NETWORKS INC COM 835916107 14 2,875 SH SOLE 0 0 2,875
SOUTHERN CO 842587107 30 875 SH SOLE 0 0 875
SOUTHWEST AIRLINES CO 844741108 21 1,500 SH SOLE 0 0 1,500
SYSCO CORP 871829107 82 2,265 SH SOLE 0 0 2,265
TAIWAN SEMICONDUCTOR MFG CO 874039100 16 1,724 SH SOLE 0 0 1,724
SPONSORED ADR
ISIN#US8740391003
TORCH ENERGY RTY TR UNIT OF 891013104 7 1,000 SH SOLE 0 0 1,000
BEN INT
TRUSTMARK CORP 898402102 30 1,000 SH SOLE 0 0 1,000
US BANCORP DEL COM NEW 902973304 30 1,000 SH SOLE 0 0 1,000
UNITED TECHNOLOGIES CORP DEL COM 913017109 41 800 SH SOLE 0 0 800
UNITEDHEALTH GROUP INC COM 91324P102 103 1,984 SH SOLE 0 0 1,984
VCA ANTECH INC COM 918194101 10 400 SH SOLE 0 0 400
ISIN#US9181
941017
MKT **VOTING AUTHORITY**
TITLE OF VAL x SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER CLASS CUSIP 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
VALERO ENERGY CORPORATION 91913Y100 40 500 SH SOLE 0 0 500
VERTEX PHARMACEUTICALS INC COM 92532F100 3 200 SH SOLE 0 0 200
WAL MART STORES INC 931142103 29 600 SH SOLE 0 0 600
WALGREEN CO 931422109 76 1,650 SH SOLE 0 0 1,650
WORLD FUEL SERVICES CORP 981475106 14 600 SH SOLE 0 0 600
COMMON STOCK
YAHOO INC COM 984332106 21 600 SH SOLE 0 0 600
ZIMMER HLDGS INC COM 98956P102 8 100 SH SOLE 0 0 100
SEVEN SEAS PETROLEUM INC ORD G80550109 0 5,000 SH SOLE 0 0 5,000
SHS ISIN#KYG805501098
Grand 697,363 16,136,120 4,762,557 10,247,187 1,128,376
Total