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, 2007
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: Executive Vice President and Corporate Secretary
Phone: (662) 680-2084
Signature Place and Date of Signing:
/s/ Cathy S. Freeman Tupelo Mississippi February 14, 2008
------------------------------------- -------------------- -----------------
[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: 737
Form 13F Information Table Value Total: $809,464
(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
FORM 13F INFORMATION TABLE
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ACE LIMITED G0070K103 244 3952 SH SOLE 1 2453 0 1499
FRONTLINE LDT F G3682E127 24 500 SH SOLE 1 500 0 0
HERBALIFE LTD COM USD SHS G4412G101 83 2053 SH SOLE 1 0 0 2053
INGSOLL-RAND CO CL A BERMUDA G4776G101 228 4900 SH SOLE 1 4900 0 0
INVESCO LTD SHS G491BT108 291 9281 SH SOLE 1 386 0 8895
IPC HLDGS LTD ORD G4933P101 12 424 SH SOLE 1 0 0 424
KNIGHTS BRIDGE TANKERS G5299G106 12 500 SH SOLE 1 500 0 0
MARVELL TECHNOLOGY GROUP G5876H105 72 5184 SH SOLE 1 0 0 5184
MONTPELIER RE HLD LTDF G62185106 453 26620 SH SOLE 1 26620 0 0
NABORS INDUSTRIES G6359F103 334 12187 SH SOLE 1 7340 0 4847
NOBLE CORP G65422100 92 1622 SH SOLE 1 0 0 1622
RENAISSANCERE HOLDINGS LTD COM G7496G103 106 1765 SH SOLE 1 0 0 1765
SEAGATE TECHNOLOGY SHS G7945J104 14 550 SH SOLE 1 0 0 550
SHIP FINANCE INTERNATIONAL LTD G81075106 7 253 SH SOLE 1 253 0 0
TRANSOCEAN INC NEW COM G90073100 3 23 SH SOLE 1 0 0 23
TYCO INTL LTD W/I G9143X208 3 75 SH SOLE 1 75 0 0
WEATHERFORD INTL LTD NEW BERMUDA) G95089101 32 473 SH SOLE 1 473 0 0
MILLICOM INTL CELLULAR NEW L6388F110 75 634 SH SOLE 1 0 0 634
MELLANOX TECHNOLOGIES LTD SHS M51363113 15 840 SH SOLE 1 0 0 840
DIANA SHIPPING INC Y2066G104 16 500 SH SOLE 1 500 0 0
FLEXTRONICS INT'L Y2573F102 283 23507 SH SOLE 1 14359 0 9148
QUINTANA MARITIME LTD SHS Y7169G109 21 895 SH SOLE 1 0 0 895
TEEKAY LNG PARTNERS L P Y8564M105 15 500 SH SOLE 1 500 0 0
AFC ENTERPRISES INC COM 00104Q107 7 610 SH SOLE 1 0 0 610
A F L A C INC 001055102 403 6441 SH SOLE 1 1801 0 4640
A F L A C INC 001055102 2940 46938 SH DEFINED 1 46938 0 0
AGL RESOURCES, INC 001204106 17 450 SH SOLE 1 450 0 0
AES CORPORATION 00130H105 1 69 SH SOLE 1 69 0 0
AMR CORP 001765106 2 150 SH SOLE 1 150 0 0
AT&T INC COM 00206R102 797 19179 SH SOLE 1 16778 0 2401
AT&T INC COM 00206R102 275 6620 SH DEFINED 1 1488 5132 0
ATMI INC 00207R101 9 281 SH SOLE 1 0 0 281
AARON RENTS INC COM 002535201 11 589 SH SOLE 1 0 0 589
ABBOTT LAB 002824100 549 9773 SH SOLE 1 5381 0 4392
ABBOTT LAB 002824100 225 4000 SH DEFINED 1 0 4000 0
ABERCROMBIE & FITCH CO CL A 002896207 243 3038 SH SOLE 1 124 0 2914
ABERDEEN ASIA-PACIFIC FUND 003009107 3 444 SH SOLE 1 444 0 0
ACME PACKET INC COM 004764106 21 1665 SH SOLE 1 0 0 1665
ACTUANT CORP CLASS A 00508X203 15 436 SH SOLE 1 0 0 436
ADAMS EXPRESS CO COM 006212104 42 2956 SH SOLE 1 2956 0 0
ADOBE SYSTEMS INCORPORATED DELAWARE 00724F101 239 5591 SH SOLE 1 233 0 5358
ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 12 1040 SH SOLE 1 0 0 1040
ADVANTAGE ENERGY INCOME FD TR
UNIT ADR 00762L101 4 500 SH SOLE 1 500 0 0
ADVANCED MED OPTICS IN 00763M108 51 2072 SH SOLE 1 0 0 2072
ADVENT/CLAYMORE GLOBAL 007639107 80 5200 SH SOLE 1 5200 0 0
AEGON N V ORD 007924103 421 24039 SH SOLE 1 0 0 24039
AFFILIATED MANAGERS GROUP COM 008252108 20 173 SH SOLE 1 0 0 173
AGILENT TECHNOLOGIES, INC. 00846U101 2 59 SH SOLE 1 59 0 0
AGNICO EAGLE MINES 008474108 27 500 SH SOLE 1 500 0 0
3
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
AIRGAS INC COM 009363102 12 221 SH SOLE 1 0 0 221
AIXTRON AKTIENGELELLSCHAFT ADR 009606104 7 510 SH SOLE 1 510 0 0
ALCOA INC 013817101 112 3064 SH SOLE 1 1139 0 1925
ALCATEL LUCENT SPONSORED ADR 013904305 1 107 SH SOLE 1 32 0 75
ALLEGHENY ENERGY INC 017361106 4 66 SH SOLE 1 66 0 0
ALLERGAN INC 018490102 216 3358 SH SOLE 1 140 0 3218
ALLIANCE BERNSTEIN GLOBAL
HIGH INCOME FUND INC 01879R106 25 2000 SH SOLE 1 2000 0 0
ALLIANT TECHSYSTEMS, INC 018804104 17 151 SH SOLE 1 0 0 151
ALLIANZ SE SP ADR 1/10 SH 018805101 8 385 SH SOLE 1 0 0 385
ALLIANCE BERNSTEIN INCOME FD 01881E101 15 1850 SH SOLE 1 1850 0 0
ALLIED CAP CO FUND 01903Q108 23 1065 SH SOLE 1 1065 0 0
ALLIED IRISH BKS P LC SPON ADR ORD 019228402 8 180 SH SOLE 1 0 0 180
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 9 465 SH SOLE 1 0 0 465
ALLSTATE CORP COMMON 020002101 513 9824 SH SOLE 1 7643 0 2181
ALLSTATE CORP COMMON 020002101 16 310 SH DEFINED 1 310 0 0
ALTRIA GROUP INC 02209S103 1018 13469 SH SOLE 1 10281 0 3188
AMCOL INTL CORP COM 02341W103 20 545 SH SOLE 1 0 0 545
AMEREN CORP 023608102 18 335 SH SOLE 1 100 0 235
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 41 660 SH SOLE 1 660 0 0
AMERICAN EAGLE OUTFITTERS, INC 02553E106 71 3411 SH SOLE 1 0 0 3411
AMERICAN ELECTRIC POWER 025537101 194 4167 SH SOLE 1 1542 0 2625
AMER EXPRESS CO 025816109 170 3265 SH SOLE 1 1665 0 1600
AMERICAN INTERNATIONAL GROUP,
INC 026874107 111 1900 SH SOLE 1 400 0 1500
AMERICAN INTERNATIONAL GROUP,
INC 026874107 10 175 SH DEFINED 1 175 0 0
AMERICAN TOWER CORP CL A 029912201 136 3192 SH SOLE 1 0 0 3192
AMERISTAR CASINOS 03070Q101 104 3776 SH SOLE 1 0 0 3776
AMERISOURCEBERGEN CORP 03073E105 2 37 SH SOLE 1 37 0 0
AMGEN INC 031162100 4 80 SH SOLE 1 80 0 0
AMGEN INC 031162100 9 200 SH DEFINED 1 200 0 0
ANADARKO PETE CORP 032511107 287 4363 SH SOLE 1 2560 0 1803
ANADARKO PETE CORP 032511107 111 1696 SH DEFINED 1 0 1696 0
ANHEUSER-BUSCH COMPANIES 035229103 337 6436 SH SOLE 1 5886 0 550
ANHEUSER-BUSCH COMPANIES 035229103 162 3100 SH DEFINED 1 3100 0 0
ANNALY CAPITAL MGMT INC 035710409 4 200 SH SOLE 1 0 0 200
APACHE CORP 037411105 109 1013 SH SOLE 1 1013 0 0
APPLE INC COM 037833100 577 2911 SH SOLE 1 193 0 2718
APPLIED MATERIALS INC 038222105 86 4850 SH SOLE 1 4850 0 0
AQUA AMERICAN INC 03836W103 28 1337 SH SOLE 1 1337 0 0
AQUILA INC DEL NEW 03840P102 1 158 SH SOLE 1 158 0 0
ARCH COAL, INC 039380100 138 3078 SH SOLE 1 0 0 3078
ARCHER-DANIELS-MIDLAND COMPANY 039483102 624 13444 SH SOLE 1 8387 0 5057
ARENA RESOURCES INC COM 040049108 14 343 SH SOLE 1 0 0 343
ARRIS GROUP INC 04269Q100 84 8368 SH SOLE 1 0 0 8368
ARTHROCARE CORP COM 043136100 13 270 SH SOLE 1 0 0 270
ARVINMERITOR 043353101 1 44 SH SOLE 1 44 0 0
ASSURANT INC COM 04621X108 85 1272 SH SOLE 1 0 0 1272
ASTRAZENECA PLC SPONSORED ADR 046353108 8 185 SH SOLE 1 0 0 185
ATMOS ENERGY CORP 049560105 56 2004 SH SOLE 1 2004 0 0
ATWOOD OCEANICS INC COM 050095108 13 128 SH SOLE 1 0 0 128
AUBURN NATL BANCORP 050473107 22 1000 SH SOLE 1 1000 0 0
AUTO DATA PROCESS 053015103 151 3400 SH SOLE 1 3400 0 0
AUTOZONE 053332102 30 249 SH DEFINED 1 249 0 0
AVALONBAY CMNTY INC 053484101 33 350 SH SOLE 1 350 0 0
4
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
AVERY DENNISON CORP COM 053611109 215 4055 SH SOLE 1 2497 0 1558
AVON PRODUCTS INC COM 054303102 4 92 SH SOLE 1 92 0 0
AXA-UAP ADR 054536107 7 170 SH SOLE 1 0 0 170
BB&T CORP 054937107 9 300 SH SOLE 1 300 0 0
BP AMOCO PLC SPONSORED ADR 055622104 882 12058 SH SOLE 1 5603 0 6455
BP AMOCO PLC SPONSORED ADR 055622104 275 3756 SH DEFINED 1 3756 0 0
BAKER HUGHES INC COM 057224107 331 4081 SH SOLE 1 2517 0 1564
BALDOR ELEC CO COM 057741100 7224 214667 SH SOLE 1 0 214667 0
BANCO SANTANDER S.A. ADR 05964H105 7 345 SH SOLE 1 0 0 345
BANCORPSOUTH INC 059692103 21047 891448 SH SOLE 1 886013 0 5435
BANCORPSOUTH INC 059692103 952 40340 SH DEFINED 1 37748 2592 0
BANK OF AMERICA CORP NEW COM 060505104 92 2228 SH SOLE 1 1963 0 265
BANK OF THE OZARKS, INC 063904106 2416 92200 SH DEFINED 1 92200 0 0
BANK NEW YORK MELLON CORP COM 064058100 39 800 SH SOLE 1 800 0 0
BANK NEW YORK MELLON CORP COM 064058100 6 132 SH DEFINED 1 132 0 0
BARRICK GOLD CORP 067901108 207 4918 SH SOLE 1 179 0 4739
BARR PHARMACEUTICALS INC 068306109 293 5517 SH SOLE 1 2523 0 2994
BAXTER INTL INC 071813109 116 2000 SH SOLE 1 2000 0 0
BEAR STEARNS COS INC 073902108 54 607 SH SOLE 1 607 0 0
BELDEN INC COM 077454106 70 1571 SH SOLE 1 0 0 1571
BENTLEY PHARMACEUTICALS, INC 082657107 1 50 SH SOLE 1 50 0 0
BERKSHIRE HATHAWAY "A" 084670108 142 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 5 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 14 3 SH DEFINED 1 3 0 0
BEST BUY INC COMMON STOCK 086516101 214 4058 SH SOLE 1 169 0 3889
BHP BILLITON LIMITED ADR SPONSORED 088606108 7 100 SH SOLE 1 100 0 0
BLACK & DECKER CORP COM 091797100 9 135 SH SOLE 1 0 0 135
BLACKBAUD INC COM 09227Q100 5 166 SH SOLE 1 0 0 166
BLACKROCK INSD MUNI INCOME
TRUST 092479104 68 4700 SOLE 1 4700 0 0
BLACKROCK MUNIVEST FD INC 09253R105 44 5000 SOLE 1 5000 0 0
BLACKROCK REAL ASSET EQUITY 09254B109 59 3500 SH SOLE 1 3500 0 0
BLACKROCK MUNIYIELD INSURED FD 09254E103 40 3150 SOLE 1 3150 0 0
BLACKROCK MUNIYIELD INSURED FD 09254E103 95 7500 DEFINED 1 7500 0 0
BOEING INC 097023105 554 6339 SH SOLE 1 2001 0 4338
BOSTON SCIENTIFIC 101137107 12 1007 SH SOLE 1 1007 0 0
BOYD GAMING CORP 103304101 213 6261 SH SOLE 1 2530 0 3731
BRISTOL MYERS SQUIBB CO 110122108 210 7909 SH SOLE 1 7909 0 0
BROADCOM CORP 111320107 69 2650 SH SOLE 1 0 0 2650
BROADRIDGE FINL SOLUTIONS INC COM 11133T103 11 475 SH SOLE 1 475 0 0
BROOKS AUTOMATION INC 114340102 9 712 SH SOLE 1 0 0 712
BRUNSWICK CORP COM 117043109 5 315 SH SOLE 1 0 0 315
BURLINGTON NORTHERN/SANTA FE
CORP 12189T104 11 135 SH SOLE 1 135 0 0
CBS CORP NEW CL B 124857202 11 420 SH SOLE 1 45 0 375
C H ROBINSON WORLDWIDE INC 12541W209 2 31 SH SOLE 1 31 0 0
CME GROUP INC COM 12572Q105 155 226 SH SOLE 1 9 0 217
CRH PLC ADR 12626K203 5 145 SH SOLE 1 0 0 145
CSX CORP COM 126408103 29 650 SH SOLE 1 650 0 0
CVS CAREMARK CORPORATION COM 126650100 300 7544 SH SOLE 1 5075 0 2469
CADBURY SCHWEPPES PLC ADR 127209302 54 1100 SH SOLE 1 1100 0 0
CADENCE FINANCIAL CORP 12738A101 49 3333 SH SOLE 1 3333 0 0
CADENCE DESIGN SYSTEMS INC 127387108 150 8836 SH SOLE 1 5838 0 2998
CAMPBELL SOUP CO COM 134429109 224 6271 SH SOLE 1 3829 0 2442
5
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
CANADIAN PAC RAILWAY 13645T100 64 988 SH SOLE 1 0 0 988
CANON INC ADR REPSTG 5 SHRS 138006309 320 6987 SH SOLE 1 0 0 6987
CAPELLA EDUCATION COMPANY COM 139594105 11 165 SH SOLE 1 0 0 165
CAPITAL ONE FINL CORP COM 14040H105 384 8121 SH SOLE 1 8121 0 0
CAPSTEAD MTG CORP 14067E308 6 500 SH SOLE 1 500 0 0
CARDINAL HEALTH INC COM 14149Y108 13 231 SH SOLE 1 231 0 0
CARNIVAL CORP 143658300 22 485 SH SOLE 1 485 0 0
CATERPILLAR INC 149123101 113 1560 SH SOLE 1 0 0 1560
CELGENE CORP 151020104 148 3195 SH SOLE 1 135 0 3060
CEMEX SAB DE CV ADR 151290889 68 2628 SH SOLE 1 93 0 2535
CENTERPOINT ENERGY INC 15189T107 23 1321 SH SOLE 1 821 0 500
CENTURYTEL, INC 156700106 41 1000 SH SOLE 1 1000 0 0
CHEESECAKE FACTORY 163072101 68 2887 SH SOLE 1 0 0 2887
CHESAPEAKE ENERGY CORP 165167107 96 2437 SH SOLE 1 0 0 2437
CHEVRON CORPORATION 166764100 805 8623 SH SOLE 1 7247 0 1376
CHEVRON CORPORATION 166764100 205 2200 SH DEFINED 1 2200 0 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 7 45 SH SOLE 1 0 0 45
CISCO SYS INC 17275R102 513 18976 SH SOLE 1 6011 0 12965
CITADEL BROADCASTING CORP COM 17285T106 0 70 SH SOLE 1 2 0 68
CITIGROUP, INC 172967101 89 3021 SH SOLE 1 3021 0 0
CITIGROUP, INC 172967101 209 7107 SH DEFINED 1 7107 0 0
CITIZENS COMMUNICATIONS CO 17453B101 56 4364 SH SOLE 1 0 0 4364
CITIZENS HOLDING COMPANY 174715102 2895 158987 SH SOLE 1 158987 0 0
CLEVELAND CLIFFS INC 185896107 10 103 SH SOLE 1 0 0 103
COACH INC 189754104 151 4951 SH SOLE 1 206 0 4745
COCA COLA CO 191216100 806 13132 SH SOLE 1 9187 0 3945
COCA COLA CO 191216100 314 5125 SH DEFINED 1 5125 0 0
COCA COLA ENTERPRISES INC COM 191219104 52 2000 SH SOLE 1 2000 0 0
COCA COLA FEMSA S A B DE CV SPON ADR REP L 191241108 8 161 SH SOLE 1 0 0 161
COLGATE-PALMOLIVE CO 194162103 244 3128 SH SOLE 1 3128 0 0
COLUMBIA SPORTSWEAR CO 198516106 9 207 SH SOLE 1 1 0 206
COMCAST CORP NEW CL A COM 20030N101 4 223 SH SOLE 1 223 0 0
COMCAST CORP NEW CL A COM 20030N101 11 601 SH DEFINED 1 0 601 0
COMMSCOPE INC 203372107 16 328 SH SOLE 1 0 0 328
COMMVAULT SYSTEMS INC COM 204166102 20 930 SH SOLE 1 0 0 930
COMPASS MINERALS INTL 20451N101 21 500 SH SOLE 1 500 0 0
COMTECH GROUP INC COMNEW 205821200 18 1140 SH SOLE 1 0 0 1140
CONAGRA FOODS INC COM 205887102 230 9652 SH SOLE 1 6038 0 3614
CONCHO RES INC COM 20605P101 15 712 SH SOLE 1 0 0 712
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 1 176 0 0
CONOCO PHILLIPS 20825C104 530 5999 SH SOLE 1 5839 0 160
CONTINENTAL AIRLINES CL-B 210795308 44 1974 SH SOLE 1 0 0 1974
CONTINENTAL RESOURCES INC COM 212015101 15 580 SH SOLE 1 0 0 580
COOPER TIRE & RUBBER CO 216831107 100 6028 SH SOLE 1 5653 0 375
COOPER TIRE & RUBBER CO 216831107 2 100 SH DEFINED 1 100 0 0
CORN PRODUCTS INTERNATIONAL
INC 219023108 10 265 SH SOLE 1 0 0 265
CORNING INC 219350105 228 9518 SH SOLE 1 1584 0 7934
CORRECTIONS CORP OF AMERICA 22025Y407 50 1690 SH SOLE 1 0 0 1690
CREDIT SUISSE GROUP ADR 225401108 140 2326 SH SOLE 1 83 0 2243
CROSS TIMBERS ROYALTY TRUST 22757R109 21 500 SH SOLE 1 0 0 500
CROWN CASTLE INTL CORP COM 228227104 142 3411 SH SOLE 1 19 0 3392
CULLEN FROST BANKERS INC 229899109 12 231 SH SOLE 1 0 0 231
CYTEC INDS INC COM 232820100 9 139 SH SOLE 1 0 0 139
DNP SELECT INCOME FD INC 23325P104 12 1100 SH SOLE 1 1100 0 0
6
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
DRS TECHNOLOGIES INC 23330X100 10 188 SH SOLE 1 0 0 188
DTE ENERGY CO 233331107 4 100 SH SOLE 1 100 0 0
DWS MUNICIPAL INCOME TRUST 23338M106 110 10425 DEFINED 1 10425 0 0
DANAHER CORP DEL COM 235851102 271 3091 SH SOLE 1 129 0 2962
DEERE & CO 244199105 311 3340 SH SOLE 1 3340 0 0
DELL INC 24702R101 86 3513 SH SOLE 1 3513 0 0
DELTIC TIMBER INC 247850100 326 6324 SH SOLE 1 6324 0 0
DELTIC TIMBER INC 247850100 22436 435743 SH DEFINED 1 0 435743 0
DIAGEO P L C SPON ADR NEW 25243Q205 269 3138 SH SOLE 1 112 0 3026
DIAMOND OFFSHORE DRILLING IN COM 25271C102 6 45 SH SOLE 1 0 0 45
DIGITAL RLTY TR INC COM 253868103 66 1708 SH SOLE 1 0 0 1708
DIRECTTV GROUP INC 25459L106 286 12358 SH SOLE 1 8154 0 4204
WALT DISNEY CO 254687106 67 2089 SH SOLE 1 489 0 1600
DISCOVER FINL SVCS COM 254709108 22 1444 SH SOLE 1 1444 0 0
DISCOVER FINL SVCS COM 254709108 2 130 SH DEFINED 1 130 0 0
DIVIDEND CAPITAL REALTY
INCOME ALLOCATION FUND 25537T105 2 266 SH SOLE 1 266 0 0
DONNELLEY RR & SONS 257867101 11 290 SH SOLE 1 0 0 290
DOUBLE-TAKE SOFTWARE INC COM 258598101 13 595 SH SOLE 1 0 0 595
DOW CHEMICAL CO 260543103 43 1080 SH SOLE 1 515 0 565
DU PONT EI D NEMOURS & CO 263534109 160 3624 SH SOLE 1 1049 0 2575
DUKE ENERGY CORP COM 26441C105 27 1317 SH SOLE 1 1317 0 0
DUKE REALTY CORP 264411505 9 355 SH SOLE 1 0 0 355
DYNEGY INC DEL CL A 26817G102 82 11458 SH SOLE 1 0 0 11458
EMC CORP 268648102 7 400 SH SOLE 1 400 0 0
EMC CORP 268648102 31 1700 SH DEFINED 1 1700 0 0
ENI S P A SPONSORED ADR 26874R108 256 3534 SH SOLE 1 0 0 3534
EASTGROUP PROPERTIES INC 277276101 3 60 SH SOLE 1 60 0 0
EASTMAN CHEMICAL CO 277432100 1 12 SH SOLE 1 12 0 0
EATON CORP COM 278058102 233 2400 SH SOLE 1 0 0 2400
EATON VANCE INSURED MUNICIPAL
BOND FUND II 27827K109 10 768 SOLE 1 768 0 0
EATON VANCE INSURED MUNI BOND
FD 27827X101 47 3300 SOLE 1 3300 0 0
EATON VANCE LIMITED DURATION
INCOME FUND 27828H105 19 1253 SH SOLE 1 1253 0 0
EATON VANCE TAX ADV GLOBAL
DIV INCOME 27828S101 27 1000 SH SOLE 1 1000 0 0
EATON VANCE TAX MANAGED GLOB 27829C105 17 1000 SH SOLE 1 1000 0 0
EATON VANCE TAX MANAGED GLOBAL 27829F108 18 1100 SH SOLE 1 1100 0 0
ECOLAB INC COMMON 278865100 213 4158 SH SOLE 1 173 0 3985
EDWARDS LIFESCIENCES CORP 28176E108 11 240 SH SOLE 1 240 0 0
EHEALTH INC COM 28238P109 14 440 SH SOLE 1 0 0 440
EL PASO CORPORATION 28336L109 342 19823 SH SOLE 1 12036 0 7787
EL PASO ELEC CO 283677854 0 6 SH SOLE 1 6 0 0
ELECTRONIC ARTS INC 285512109 258 4422 SH SOLE 1 218 0 4204
EMBARQ CORP COM 29078E105 124 2510 SH SOLE 1 2510 0 0
EMBRAER-EMPRESA BRASILEIRA DSP ADR COM SHS 29081M102 98 2150 SH SOLE 1 77 0 2073
EMERSON ELECTRIC CO 291011104 74 1300 SH SOLE 1 1300 0 0
ENCANA CORP-CAD 292505104 124 1820 SH SOLE 1 0 0 1820
ENCORE WIRE CORP COM 292562105 410 25748 SH SOLE 1 8198 0 17550
ENERGEN CORP 29265N108 65 1006 SH SOLE 1 1006 0 0
ENERGY EAST CORP COM 29266M109 7 240 SH SOLE 1 240 0 0
ENERPLUS RESOURCE FD 29274D604 39 975 SH SOLE 1 975 0 0
ENTERGY CORP 29364G103 373 3125 SH SOLE 1 750 0 2375
ENTERGY CORP 29364G103 88 734 SH DEFINED 1 734 0 0
EQUITY RESIDENTIAL PPTYS SBI 29476L107 1 34 SH SOLE 1 34 0 0
7
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ERESEARCHTECHNOLOGY INC COM 29481V108 18 1495 SH SOLE 1 0 0 1495
ERICSSON (LM) TELE CO ADR (NEW) 294821608 437 18703 SH SOLE 1 762 0 17941
EXELON CORP 30161N101 53 654 SH SOLE 1 654 0 0
EXELON CORP 30161N101 49 600 SH DEFINED 1 600 0 0
EXPEDIA INC DEL 30212P105 2 60 SH SOLE 1 60 0 0
EXPONENT INC COM 30214U102 10 385 SH SOLE 1 0 0 385
EXPRESS SCRIPTS INC 302182100 105 1442 SH SOLE 1 0 0 1442
EXTERRAN PARTNERS, L.P. 30225N105 6 200 SH SOLE 1 200 0 0
EXXON MOBIL CORP 30231G102 6038 64449 SH SOLE 1 55478 0 8971
EXXON MOBIL CORP 30231G102 2191 23383 SH DEFINED 1 14783 8600 0
FEI CO 30241L109 2 80 SH SOLE 1 80 0 0
F M C CORP COM NEW 302491303 12 220 SH SOLE 1 0 0 220
FPL GROUP INC 302571104 34 500 SH SOLE 1 500 0 0
FAIRCHILD SEMICONDUCTRINTL INC 303726103 70 4825 SH SOLE 1 0 0 4825
FEDEX CORPORATION 31428X106 10 109 SH SOLE 1 109 0 0
FIDELITY NATIONAL INFORMATION
SVCS COM 31620M106 1 23 SH SOLE 1 23 0 0
FIDELITY NATIONAL FINANCIAL
INC 31620R105 1 45 SH SOLE 1 45 0 0
FIRST CASH FINANCIAL SVC INC 31942D107 9 598 SH SOLE 1 0 0 598
FIRST HORIZON NATIONAL 320517105 4 212 SH SOLE 1 212 0 0
FIRST M & F CORP 320744105 75 4776 SH SOLE 1 4492 0 284
FIRST ENERGY CORP COMMON 337932107 318 4400 SH SOLE 1 4400 0 0
FORD MOTOR COMPANY COMMON 345370860 8 1256 SH SOLE 1 756 0 500
FORDING CANADIAN COAL 345425102 19 500 SH SOLE 1 500 0 0
FOREST LABS 345838106 49 1340 SH SOLE 1 0 0 1340
FORWARD AIR CORP COM 349853101 8 258 SH SOLE 1 0 0 258
FREEPORT MCMORAN COPPER &
GOLD COM 35671D857 5 44 SH SOLE 1 44 0 0
FRONTIER OIL CORP 35914P105 8 200 SH SOLE 1 200 0 0
FUEL TECH INC COM 359523107 8 360 SH SOLE 1 0 0 360
FUJIFILM HLDGS CORP ADR 2 ORD 35958N107 364 8764 SH SOLE 1 0 0 8764
GEO GROUP INC COM 36159R103 18 640 SH SOLE 1 0 0 640
GFI GROUP INC COM 361652209 17 175 SH SOLE 1 0 0 175
GANNETT INC COM 364730101 9 235 SH SOLE 1 0 0 235
GAP INC DEL COM 364760108 2 76 SH SOLE 1 76 0 0
GAYLORD ENTMT CO NEW COM 367905106 110 2719 SH SOLE 1 27 0 2692
GENENTECH INC 368710406 189 2819 SH SOLE 1 393 0 2426
GENERAL CABLE CORP DELNEW COM 369300108 85 1157 SH SOLE 1 0 0 1157
GENERAL ELECTRIC CO 369604103 1612 43501 SH SOLE 1 35280 0 8221
GENERAL ELECTRIC CO 369604103 13 350 SH DEFINED 1 350 0 0
GENERAL MLS INC COM 370334104 1 22 SH SOLE 1 22 0 0
GEN MTR CORP 370442105 36 1450 SH SOLE 1 150 0 1300
GEOEYE INC COM 37250W108 11 315 SH SOLE 1 0 0 315
GILEAD SCIENCES INC 375558103 199 4321 SH SOLE 1 180 0 4141
GLAXOSMITHKLINE PLC ADR 37733W105 262 5206 SH SOLE 1 163 0 5043
GLOBAL PAYMENTS INC 37940X102 103 2205 SH SOLE 1 0 0 2205
GOLD FIELDS LTD SPONS ADR 38059T106 183 12868 SH SOLE 1 7898 0 4970
GOLDMAN SACHS GROUP 38141G104 49 230 SH SOLE 1 130 0 100
B F GOODRICH 382388106 98 1393 SH SOLE 1 0 0 1393
GOOGLE INC 38259P508 463 669 SH SOLE 1 28 0 641
GRANITE CONSTR INC COM 387328107 8 211 SH SOLE 1 0 0 211
GREENE BANKSHARES 394361208 12 644 SH SOLE 1 644 0 0
GULFPORT ENERGY CORP COM NEW 402635304 12 662 SH SOLE 1 0 0 662
HCC INSURANCE HOLDINGS, INC 404132102 15 524 SH SOLE 1 0 0 524
HMS HLDGS CORP COM 40425J101 18 530 SH SOLE 1 0 0 530
HSBC HLDGS PLC SPONSORED ADR 404280406 430 5134 SH SOLE 1 0 0 5134
HAEMONETICS CORP 405024100 17 265 SH SOLE 1 0 0 265
HALLIBURTON CO COM 406216101 368 9704 SH SOLE 1 7076 0 2628
8
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
JOHN HANCOCK PFD INC II 41013X106 9 481 SH SOLE 1 481 0 0
JOHN HANCOCK PREFERRED INCOME
FUND III 41021P103 2 130 SH SOLE 1 130 0 0
HARRIS CORP 413875105 176 2800 SH SOLE 1 2800 0 0
HAWAIIAN ELEC INDS INC 419870100 26 1130 SH DEFINED 1 1130 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 17 245 SH SOLE 1 0 0 245
HEALTH CARE SERVICES GROUP INC 421906108 10 449 SH SOLE 1 0 0 449
HEALTHEXTRAS INC COM 422211102 9 355 SH SOLE 1 0 0 355
HEALTHSPRING INC COM 42224N101 11 580 SH SOLE 1 0 0 580
HEALTHWAYS INC COM 422245100 94 1612 SH SOLE 1 0 0 1612
HEINZ H J CO COM 423074103 13 273 SH SOLE 1 273 0 0
HEWLETT PACKARD CO 428236103 578 11453 SH SOLE 1 4826 0 6627
HILB ROGAL & HOBBS COMPANY 431294107 9 217 SH SOLE 1 0 0 217
HOLLY CORP COMPAR $0.01 435758305 71 1390 SH SOLE 1 0 0 1390
HOLOGIC INC COM 436440101 241 3514 SH SOLE 1 129 0 3385
HOME DEPOT 437076102 124 4588 SH SOLE 1 2638 0 1950
HOME DEPOT 437076102 32 1192 SH DEFINED 1 1192 0 0
HONEYWELL INTL INC 438516106 92 1500 SH SOLE 1 0 0 1500
HOSPIRA, INC 441060100 17 400 SH DEFINED 1 0 400 0
HOST HOTELS & RESORTS INC COM 44107P104 95 5576 SH SOLE 1 306 0 5270
HUBBELL INC CL B 443510201 52 1000 SH SOLE 1 0 0 1000
JB HUNT TRANSPORT SVC INC 445658107 94 3408 SH SOLE 1 0 0 3408
HUNTINGTON BANCSHARE INC 446150104 0 23 SH SOLE 1 23 0 0
HURON CONSULTING GROUP INC COM 447462102 12 145 SH SOLE 1 0 0 145
IDACORP INC COM 451107106 4 100 SH SOLE 1 100 0 0
IDEARC INC COM 451663108 4 230 SH SOLE 1 230 0 0
IDEARC INC COM 451663108 2 99 SH DEFINED 1 60 39 0
ILLINOIS TOOL WORKS INC 452308109 8 152 SH SOLE 1 152 0 0
INFINEON TECH AG ADR 45662N103 329 28280 SH SOLE 1 17652 0 10628
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 3 73 SH SOLE 1 0 0 73
ING GROEP N V 456837103 6 155 SH SOLE 1 0 0 155
ING GLOBAL EQUITY DIV 45684E107 41 2500 SH SOLE 1 2500 0 0
INGRAM MICRO INC CL A 457153104 199 11020 SH SOLE 1 6787 0 4233
INNERWORKINGS INC COM 45773Y105 17 970 SH SOLE 1 0 0 970
INTEL CORP CAP 458140100 952 35715 SH SOLE 1 14369 0 21346
INTEL CORP CAP 458140100 53 2000 SH DEFINED 1 2000 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 287 1491 SH SOLE 1 61 0 1430
IBM CORP 459200101 784 7250 SH SOLE 1 3602 0 3648
IBM CORP 459200101 49 450 SH DEFINED 1 450 0 0
INTERNATIONAL GAME TECH 459902102 335 7633 SH SOLE 1 3182 0 4451
INTL PAPER CO 460146103 10 300 SH SOLE 1 300 0 0
INTL PAPER CO 460146103 29 900 SH DEFINED 1 0 900 0
INTERPUBLIC GROUP COS INC COM 460690100 222 27314 SH SOLE 1 16810 0 10504
INTERVOICE INC NEW COM 461142101 8 1005 SH SOLE 1 0 0 1005
INTUIT 461202103 1 24 SH SOLE 1 24 0 0
INVESTMENT GRADE MUNICIPAL
INCOME FUND 461368102 117 9055 DEFINED 1 9055 0 0
IRON MTN INC COM 462846106 155 4195 SH SOLE 1 174 0 4021
ISHARES RUSSELL MIDCAP VALUE 464287473 71 500 SH SOLE 1 0 0 500
ISHARES TR RUSSELL MCP GR 464287481 80 700 SH SOLE 1 0 0 700
ISHARES RUSSELL MID CAP INDEX
FUND 464287499 155 1500 SH SOLE 1 0 0 1500
ISHARES TR RUSSELL 2000 VALUE
INDEX FD 464287630 70 997 SH SOLE 1 0 0 997
ISHARES RUSSELL 2000 GROWTH
INDEX FUND 464287648 100 1198 SH SOLE 1 200 0 998
ISHARES TRUST RUSSELL 2000
INDEX 464287655 236 3104 SH SOLE 1 0 0 3104
9
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ISHARES TR DOW JONES REAL
ESTATE INDEX FUND 464287739 34 520 SH SOLE 1 520 0 0
ISHARES S&P SMALL CAP 600
GROWTH INDEX FUND 464287887 13 100 SH SOLE 1 100 0 0
JPMORGAN CHASE & CO COM 46625H100 283 6475 SH SOLE 1 4710 0 1765
JPMORGAN CHASE & CO COM 46625H100 85 1956 SH DEFINED 1 0 1956 0
JOHNSON & JOHNSON 478160104 1666 24977 SH SOLE 1 23577 0 1400
JOHNSON & JOHNSON 478160104 474 7100 SH DEFINED 1 5900 1200 0
JOHNSON CONTROLS INC 478366107 274 7593 SH SOLE 1 1898 0 5695
KBR INC COM 48242W106 84 2158 SH SOLE 1 0 0 2158
KBW INC COM 482423100 7 284 SH SOLE 1 0 0 284
KANSAS CITY SOUTHERN COM NEW 485170302 94 2728 SH SOLE 1 0 0 2728
KELLOGG CO 487836108 23 446 SH SOLE 1 446 0 0
KENDLE INTERNATIONAL INC COM 48880L107 17 340 SH SOLE 1 0 0 340
KENEXA CORP COM 488879107 4 215 SH SOLE 1 0 0 215
KENNAMETAL INC COM 489170100 11 290 SH SOLE 1 0 0 290
KEYCORP NEW 493267108 30 1275 SH SOLE 1 900 0 375
KIMBERLY-CLARK CORP 494368103 35 507 SH SOLE 1 312 0 195
KIMBERLY-CLARK CORP 494368103 17 250 SH DEFINED 1 250 0 0
KINDER MORGAN ENERGY
PARTNERS, L.P 494550106 13 232 SH SOLE 1 232 0 0
KONINKLIJKE PHLPS ELECTRS N V
SP ADR NEW 500472303 171 3997 SH SOLE 1 0 0 3997
KOOKMIN BANK F ADR 50049M109 60 816 SH SOLE 1 29 0 787
KRAFT FOODS 50075N104 157 4804 SH SOLE 1 4426 0 378
KRISPY KREME DOUGHNUTS INC COM 501014104 0 1 SH SOLE 1 1 0 0
KROGER CO 501044101 4 150 SH SOLE 1 150 0 0
LHC GROUP INC COM 50187A107 12 489 SH SOLE 1 0 0 489
LSI CORPORATION COM 502161102 0 6 SH SOLE 1 6 0 0
LABORATORY CORP AMER HLDGS COMNEW 50540R409 74 978 SH SOLE 1 0 0 978
LAS VEGAS SANDS CORP 517834107 1 11 SH SOLE 1 11 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 101 2176 SH SOLE 1 0 0 2176
LEGG MASON INC 524901105 59 804 SH SOLE 1 0 0 804
LEHMAN BROTHERS HOLDINGS COM 524908100 257 3922 SH SOLE 1 2415 0 1507
LENNOX INTL INC COM 526107107 16 380 SH SOLE 1 0 0 380
LEVEL 3 COMMUNICATIONS INC 52729N100 93 30748 SH SOLE 1 4685 0 26063
LIBERTY ALL STAR EQUITY FD 530158104 87 12381 SH SOLE 1 12381 0 0
LIFECELL CORP COM 531927101 23 535 SH SOLE 1 0 0 535
ELI LILLY & CO 532457108 101 1900 SH SOLE 1 1900 0 0
ELI LILLY & CO 532457108 69 1300 SH DEFINED 1 1300 0 0
LIMITED BRANDS, INC 532716107 191 10089 SH SOLE 1 6765 0 3324
LINCOLN ELECTRIC CO HOLDINGS 533900106 14 202 SH SOLE 1 0 0 202
LINCOLN NATIONAL CORP IND 534187109 11 185 SH SOLE 1 0 0 185
LIQUIDITY SERVICES INC COM 53635B107 11 865 SH SOLE 1 0 0 865
LLOYDS TSB GROUP PLC ADR 539439109 186 4949 SH SOLE 1 176 0 4773
LOCKHEED MARTIN CORP 539830109 89 845 SH SOLE 1 845 0 0
LOWES CO INC 548661107 222 9834 SH SOLE 1 9834 0 0
M & T BANK CORP 55261F104 163 2000 SH SOLE 1 2000 0 0
MSC INDL DIRECT CO A 553530106 13 310 SH SOLE 1 0 0 310
MACYS INC 55616P104 2 80 SH SOLE 1 80 0 0
MAGELLAN MIDSTREAM PARTNERS LP 559080106 11 250 SH SOLE 1 250 0 0
MANULIFE FINANCIAL CORP 56501R106 1398 34300 SH SOLE 1 34300 0 0
MARATHON OIL CORP 565849106 17 281 SH SOLE 1 76 0 205
MARRIOTT INTL INC NEW CL A 571903202 171 4991 SH SOLE 1 207 0 4784
MATRIX SVC CO COM 576853105 13 610 SH SOLE 1 0 0 610
MATTELL INC 577081102 10 500 SH SOLE 1 0 0 500
MCDERMOTT INTL INC COM 580037109 46 775 SH SOLE 1 0 0 775
MCDONALD'S CORP 580135101 65 1100 SH SOLE 1 0 0 1100
10
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
MCGRATH RENTCORP 580589109 8 322 SH SOLE 1 0 0 322
MCKESSON CORP 58155Q103 4 59 SH SOLE 1 59 0 0
MEADWESTVACO CORP 583334107 48 1547 SH SOLE 1 1547 0 0
MEDCO HEALTH SOLUTIONS INC 58405U102 40 399 SH SOLE 1 399 0 0
MEDICAL ACTION INDUSTRIES INC 58449L100 9 444 SH SOLE 1 75 0 369
MEDTRONIC INC COM 585055106 15 300 SH SOLE 1 300 0 0
MENS WEARHOUSE INC COM 587118100 8 294 SH SOLE 1 0 0 294
MERCK & CO INC 589331107 336 5786 SH SOLE 1 4086 0 1700
MERRILL LYNCH & CO, INC 590188108 25 470 SH SOLE 1 320 0 150
METLIFE INC COM 59156R108 19 309 SH SOLE 1 309 0 0
MICROS SYSTEMS INC 594901100 10 149 SH SOLE 1 0 0 149
MICROSOFT CORP 594918104 895 25161 SH SOLE 1 12341 0 12820
MICRON TECHNOLOGY 595112103 60 8224 SH SOLE 1 0 0 8224
MICROSEMI CORP 595137100 10 454 SH SOLE 1 0 0 454
MID-AMERICA APARTMENT CMNTYS 59522J103 24 550 SH DEFINED 1 550 0 0
MIDAS GROUP INC 595626102 10 666 SH SOLE 1 666 0 0
MIDCAP SPDR TRUST SERIES 1 595635103 16 100 SH SOLE 1 100 0 0
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MIRANT CORP NEW COM 60467R100 102 2616 SH SOLE 1 29 0 2587
MIRANT CORP NEW WT SER A 60467R118 2 95 SH SOLE 1 95 0 0
MITSUBISHI UFJ FINANCIAL
GROUP INC 606822104 366 39222 SH SOLE 1 1395 0 37827
MONEYGRAM INTERNATIONAL INC 60935Y109 5 348 SH SOLE 1 348 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 14 925 SH SOLE 1 0 0 925
MONRO MUFFLER BRAKE INC COM 610236101 8 392 SH SOLE 1 0 0 392
MONSANTO CO. (NEW) 61166W101 48 434 SH SOLE 1 434 0 0
MONTGOMERY STREET INCOME
SECURITIES, INC 614115103 19 1160 SH SOLE 1 1160 0 0
MOODYS CORP 615369105 68 1905 SH SOLE 1 0 0 1905
MOOG INC CL A 615394202 14 309 SH SOLE 1 0 0 309
MORGAN STANLEY DEAN WITTER
DISCOVER & CO 617446448 152 2870 SH SOLE 1 2870 0 0
MORGAN STANLEY DEAN WITTER
DISCOVER & CO 617446448 14 260 SH DEFINED 1 260 0 0
MOTOROLA INC 620076109 8 468 SH SOLE 1 468 0 0
MOTOROLA INC 620076109 5 300 SH DEFINED 1 300 0 0
MUNICIPAL MORTGAGE & EQUITY
LLC - GROWTH SH 62624B101 59 4000 SH SOLE 1 4000 0 0
MURPHY OIL CORP COM 626717102 12134 143024 SH SOLE 1 137024 0 6000
MURPHY OIL CORP COM 626717102 644700 7599012 SH DEFINED 1 0 7599012 0
MYLAN INC COM 628530107 24 1700 SH SOLE 1 1700 0 0
NBTY INC COM 628782104 52 1915 SH SOLE 1 0 0 1915
NII HLDGS INC CL B NEW 62913F201 134 2769 SH SOLE 1 0 0 2769
NRG ENERGY INC COM NEW 629377508 90 2070 SH SOLE 1 0 0 2070
NTT DOCOMO INC SPONS ADR 62942M201 197 12012 SH SOLE 1 429 0 11583
NASDAQ STOCK MARKET INC COM 631103108 127 2570 SH SOLE 1 0 0 2570
NATCO GROUP INC CL A 63227W203 15 270 SH SOLE 1 0 0 270
NATIONAL CITY CORP COM 635405103 1 45 SH SOLE 1 45 0 0
NEENAH PAPER INC 640079109 0 15 SH SOLE 1 15 0 0
NEUSTAR INC CL A 64126X201 17 580 SH SOLE 1 0 0 580
NEWMONT MINING CORP 651639106 321 6569 SH SOLE 1 4020 0 2549
NEWPARK RESOURCES, INC 651718504 0 8 SH SOLE 1 8 0 0
NEWS CORP 65248E104 222 10837 SH SOLE 1 450 0 10387
NFJ DIV INT & PREM STRATEGY 65337H109 45 1913 SH SOLE 1 1913 0 0
NIPPON TEL & TEL SPON ADR 654624105 180 7320 SH SOLE 1 250 0 7070
NISOURCE INC 65473P105 4 200 SH SOLE 1 200 0 0
NISSAN MOTORS SPONSORED ADR 654744408 164 7577 SH SOLE 1 270 0 7307
NOKIA CORP SPND ADR 654902204 441 11487 SH SOLE 1 0 0 11487
NORDSON CORP COM 655663102 13 218 SH SOLE 1 0 0 218
NORDSTROM INC 655664100 60 1624 SH SOLE 1 0 0 1624
NORFOLK SO CORP 655844108 317 6289 SH SOLE 1 4315 0 1974
NORTHERN TRUST COMPANY NTRS 665859104 136 1780 SH SOLE 1 1780 0 0
11
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
NORTHERN TRUST COMPANY NTRS 665859104 276 3600 SH DEFINED 1 3600 0 0
NORTHWEST AIRLS CORP COM 667280408 23 1604 SH SOLE 1 0 0 1604
NOVARTIS AG SPONSORED ADR 66987V109 732 13472 SH SOLE 1 511 0 12961
NUVEEN INSD PREMIUM INCOME
MUNI FD 6706D8104 109 8938 SOLE 1 8938 0 0
NUVEEN EQUITY PREM ADVANTAGE 6706ET107 25 1517 SH SOLE 1 1517 0 0
NUVEEN PREMIUM INCOME MUN
FUND 4 6706K4105 23 2000 DEFINED 1 2000 0 0
NUVEEN INSURED QUALITY
MUNICIPAL FD (CLOSED END) 67062N103 63 4700 SOLE 1 4700 0 0
NUVEEN PERFORMANCE PLUS
MUNICIPAL FD 67062P108 124 9285 DEFINED 1 9285 0 0
NVIDIA CORPORATION 67066G104 193 5680 SH SOLE 1 236 0 5444
NUVEEN DIV ADVANTAGE MUN FD 67070F100 20 1350 SOLE 1 1350 0 0
NUVEEN INSURED ADVANTAGE 67071L106 46 3400 SOLE 1 3400 0 0
NUVEEN MUN VALUE FD INC 670928100 422 45231 SOLE 1 45231 0 0
NUVEEN MUN VALUE FD INC 670928100 93 10000 DEFINED 1 10000 0 0
NUVEEN SELECT QUALITY
MUNICIPAL FUND 670973106 23 1650 SOLE 1 1650 0 0
NUVEEN INSURED MUNICIPAL
OPPORTUNITY FUND INC 670984103 101 7600 SOLE 1 7600 0 0
NUVEEN PREMIER INSURED MUN
INCOME FUND INC 670987106 13 1000 DEFINED 1 1000 0 0
OYO GEOSPACE CORP COM 671074102 9 125 SH SOLE 1 0 0 125
OCCIDENTAL PETE COR DEL 674599105 72 937 SH SOLE 1 722 0 215
OIL STATES INTERNATIONAL INC 678026105 10 294 SH SOLE 1 0 0 294
OMNICARE INC COM 681904108 47 2066 SH SOLE 1 0 0 2066
OMNICOM GROUP 681919106 16 342 SH SOLE 1 342 0 0
OMNITURE INC COM 68212S109 13 385 SH SOLE 1 0 0 385
ON SEMICONDUCTOR CORP COM 682189105 67 7509 SH SOLE 1 0 0 7509
ORACLE SYSTEMS CORP 68389X105 22 981 SH SOLE 1 981 0 0
ORIX CORP 686330101 5 55 SH SOLE 1 0 0 55
OTELCO INC 688823202 7 500 SH SOLE 1 500 0 0
OWENS & MINOR INC NEW COM 690732102 9 218 SH SOLE 1 0 0 218
P.A.M. TRANSPORTATION
SERVICES, INC 693149106 2 100 SH SOLE 1 100 0 0
PG&E CORP 69331C108 18 418 SH SOLE 1 418 0 0
PMC SIERRA INC 69344F106 91 13900 SH SOLE 1 0 0 13900
PACTIV COPR 695257105 24 897 SH SOLE 1 897 0 0
PANERA BREAD COMPANY 69840W108 60 1673 SH SOLE 1 0 0 1673
PEDIATRIX MEDICAL GROUP INC 705324101 14 207 SH SOLE 1 0 0 207
PENN NATL GAMING INC COM 707569109 50 835 SH SOLE 1 0 0 835
PEPSI BOTTLING GROUP INC 713409100 1 33 SH SOLE 1 33 0 0
PEPSIAMERICAS INC 71343P200 133 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1478 19479 SH SOLE 1 15786 0 3693
PEPSICO INC COM 713448108 116 1530 SH DEFINED 1 430 1100 0
PERFICIENT INC COM 71375U101 13 820 SH SOLE 1 0 0 820
PT TELEKOM INDONESIA ADR 715684106 67 1604 SH SOLE 1 57 0 1547
PETROHAWK ENERGY CORP 716495106 11 643 SH SOLE 1 0 0 643
PETROBRAS 71654V408 117 1014 SH SOLE 1 31 0 983
PETROQUEST ENERGY INC COM 716748108 14 948 SH SOLE 1 0 0 948
PETSMART INC 716768106 63 2671 SH SOLE 1 0 0 2671
PFIZER INC 717081103 413 18199 SH SOLE 1 16399 0 1800
PFIZER INC 717081103 57 2500 SH DEFINED 1 1800 700 0
PHARMERICA CORP COM 71714F104 0 3 SH SOLE 1 3 0 0
PHASE FORWARD INC COM 71721R406 15 698 SH SOLE 1 0 0 698
12
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
PHILLIPS VAN HEUSEN CORP COM 718592108 59 1601 SH SOLE 1 0 0 1601
PHOENIX TECHNOLOGY LTD COM 719153108 24 1890 SH SOLE 1 0 0 1890
PIMCO MUNI INCOME FUND III 72201A103 19 1333 SOLE 1 1333 0 0
PINNACLE ENTMT INC COM 723456109 110 4687 SH SOLE 1 0 0 4687
PITNEY BOWES INC COM 724479100 0 13 SH SOLE 1 13 0 0
PLUM CREEK TIMBER CO INC 729251108 23 500 SH SOLE 1 500 0 0
POLARIS INDS INC 731068102 5 100 SH SOLE 1 0 0 100
POWERSHARES QQQ TR 73935A104 0 1 SH SOLE 1 1 0 0
PRAXAIR INC COM 74005P104 42 478 SH SOLE 1 478 0 0
PRECISION CASTPARTS CORP COM 740189105 215 1552 SH SOLE 1 64 0 1488
PRIDE INTL INC DEL 74153Q102 34 997 SH SOLE 1 0 0 997
PRIMEWEST ENERGY TRUST UNIT NEW 741930309 54 1999 SH SOLE 1 1999 0 0
PRINCIPAL FINANCIAL GROUP 74251V102 88 1283 SH SOLE 1 1283 0 0
PROCTER & GAMBLE CO COM 742718109 1660 22615 SH SOLE 1 15919 0 6696
PROCTER & GAMBLE CO COM 742718109 514 7000 SH DEFINED 1 7000 0 0
PROGRESS ENERGY INC COM 743263105 28 577 SH SOLE 1 577 0 0
PROLOGIS SH BEN INT COM 743410102 1 12 SH SOLE 1 12 0 0
PROSPERITY BANCSHARES INC COM 743606105 13 442 SH SOLE 1 0 0 442
PROVIDENT BANKSHARES, INC 743859100 3 160 SH SOLE 1 0 0 160
PRUDENTIAL PLC ADR 74435K204 8 265 SH SOLE 1 0 0 265
PSYCHIATRIC SOLUTIONS 74439H108 22 675 SH SOLE 1 0 0 675
PUBLIC SVC ENTERPRISE GROUP
INC 744573106 32 330 SH SOLE 1 330 0 0
PUBLIC STORAGE, INC REIT 74460D109 33 456 SH SOLE 1 456 0 0
PUTNAM MANAGED MUNICIPAL
INCOME TRUST 746823103 2 250 SOLE 1 250 0 0
QIMONDA AG SPONSORED ADR 746904101 121 16859 SH SOLE 1 10907 0 5952
QUALCOMM INC 747525103 302 7682 SH SOLE 1 319 0 7363
QUANTUM FUEL SYS TECHNOLOGIES COM 74765E109 0 285 SH SOLE 1 285 0 0
QUEST DIAGNOSTICS INC 74834L100 84 1592 SH SOLE 1 0 0 1592
RMK HIGH INCOME FUND 74963B105 5 1008 SH SOLE 1 1008 0 0
RMK STATEGIC INCOME FD 74963H102 6 1300 SH SOLE 1 1300 0 0
RALCORP HOLDINGS NEW COM 751028101 16 263 SH SOLE 1 0 0 263
RANGE RESOURCES CORP 75281A109 77 1500 SH SOLE 1 0 0 1500
RAYMOND JAMES FINANCIAL CORP 754730109 21 628 SH SOLE 1 0 0 628
RAYTHEON CO NEW 755111507 293 4828 SH SOLE 1 531 0 4297
REED ELSEVIER N V SPONSORED ADR 758204101 7 175 SH SOLE 1 0 0 175
REED ELSEVIER PLC SPON ADR 758205108 266 4942 SH SOLE 1 0 0 4942
REGAL BELOIT CORP COM 758750103 12 259 SH SOLE 1 0 0 259
REGAL ENTMT GROUP CL A 758766109 68 3786 SH SOLE 1 0 0 3786
REGIS CORPORATION-MN 758932107 8 270 SH SOLE 1 0 0 270
REGIONS FINANCIAL CORP NEW 7591EP100 1185 50107 SH SOLE 1 49337 0 770
REGIONS FINANCIAL CORP NEW 7591EP100 52 2205 SH DEFINED 1 0 2205 0
RELIANT ENERGY INC 75952B105 100 3817 SH SOLE 1 1022 0 2795
RENASANT CORP COM 75970E107 45 2109 SH SOLE 1 975 0 1134
REPSOL YPF ADR 76026T205 142 3975 SH SOLE 1 0 0 3975
REYNOLDS AMERICAN INC 761713106 13 195 SH SOLE 1 0 0 195
RIVUS BOND FUND 769667106 19 1100 SH SOLE 1 1100 0 0
ROCKWELL AUTOMATION, INC 773903109 12 177 SH SOLE 1 177 0 0
ROCKWELL COLLINS INC 774341101 13 177 SH SOLE 1 177 0 0
ROFIN SINAR TECHNOLOGIES INC COM 775043102 15 302 SH SOLE 1 0 0 302
13
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ROWAN COMPANIES INC 779382100 133 3370 SH SOLE 1 0 0 3370
ROYAL BK SCOTLAND GROUP ADR
PREF SHS SER Q 780097754 25 1200 SH SOLE 1 1200 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 204 2459 SH SOLE 1 87 0 2372
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 129 1551 SH DEFINED 1 1551 0 0
ROYAL DUTCH SHELL PLC 780259206 13 160 SH SOLE 1 0 0 160
ROYAL DUTCH SHELL PLC 780259206 269 3200 SH DEFINED 1 3200 0 0
ROYCE FOCUS TRUST INC 78080N108 3 281 SH SOLE 1 281 0 0
ROYCE VALUE TR INC 780910105 10 544 SH SOLE 1 544 0 0
ROYCE MICRO CAP TRUST INC 780915104 1 103 SH SOLE 1 103 0 0
STANDARD & POORS DEP RECEIPTS 78462F103 22 150 SH SOLE 1 150 0 0
SABINE ROYALTY TRUST 785688102 137 3200 SH SOLE 1 0 0 3200
SANOFI-AVENTIS ADR 80105N105 360 7905 SH SOLE 1 275 0 7630
SAVVIS INC COM NEW 805423308 134 4787 SH SOLE 1 0 0 4787
SCANA CORP NEW 80589M102 49 1157 SH SOLE 1 1157 0 0
SCHERING PLOUGH CORP COM 806605101 378 14184 SH SOLE 1 14184 0 0
SCHLUMBERGER LTD COM 806857108 489 4968 SH SOLE 1 1740 0 3228
THE CHARLES SCHWAB CORP 808513105 326 12774 SH SOLE 1 531 0 12243
SCIENTIFIC GAMES CORP CL A 80874P109 78 2353 SH SOLE 1 0 0 2353
SCOTTS MIRACLE GRO CO CL A 810186106 10 276 SH SOLE 1 0 0 276
SEMPRA ENERGY COM 816851109 13 210 SH SOLE 1 0 0 210
SHIRE PLC ADR 82481R106 10 146 SH SOLE 1 146 0 0
SHUTTERFLY INC COM 82568P304 10 385 SH SOLE 1 0 0 385
SIGNET GROUP PLC SP ADR REP 10 82668L872 1 105 SH SOLE 1 0 0 105
SIGNATURE BK NEW YORK N Y COM 82669G104 10 310 SH SOLE 1 0 0 310
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 323 12200 SH SOLE 1 12200 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 13 500 SH DEFINED 1 500 0 0
SIMON PROPERTY GROUP INC 828806109 3 31 SH SOLE 1 31 0 0
SIRIUS SATTELITE RADIO 82966U103 1 300 SH SOLE 1 0 0 300
SKYWORKS SOLUTIONS 83088M102 1 61 SH SOLE 1 61 0 0
SMITH MICRO SOFTWARE INC COM 832154108 9 1065 SH SOLE 1 0 0 1065
SONY CORP 835699307 431 7930 SH SOLE 1 0 0 7930
SOTHEBYS HLDGS INC CL A 835898107 15 395 SH SOLE 1 0 0 395
SOUTHERN CO COM 842587107 358 9250 SH SOLE 1 8950 0 300
SOUTHERN CO COM 842587107 156 4021 SH DEFINED 1 4021 0 0
SOUTHWESTERN ENERGY CO 845467109 91 1625 SH SOLE 1 0 0 1625
SPECTRA ENERGY 847560109 12 458 SH SOLE 1 458 0 0
SPRINT NEXTEL CORP COMSER 1 852061100 659 50200 SH SOLE 1 50200 0 0
STAGE STORES INC COM NEW 85254C305 6 391 SH SOLE 1 0 0 391
STAPLES INCORPORATED (RETAIL
& DELIVERY) 855030102 226 9810 SH SOLE 1 411 0 9399
STARBUCKS CORP 855244109 33 1624 SH SOLE 1 81 0 1543
STARWOOD HOTELS & RESORTS
WORLDWIDE INC COM 85590A401 23 520 SH SOLE 1 520 0 0
STATOIL ASA SPON ADR 85771P102 200 6551 SH SOLE 1 0 0 6551
STRYKER CORP 863667101 253 3380 SH SOLE 1 140 0 3240
SUBURBAN PROPANE PARTNERS L P 864482104 20 500 SH SOLE 1 500 0 0
SUN MICROSYSTEMS INC COM 866810203 9 500 SH SOLE 1 500 0 0
SUNCOR ENERGY INC 867229106 112 1034 SH SOLE 1 1034 0 0
SUNRISE SENIOR LIVING INC COM 86768K106 12 385 SH SOLE 1 0 0 385
SUNTRUST BANKS INC COM 867914103 170 2717 SH SOLE 1 2243 0 474
SUPERIOR ENERGY SERVICES INC 868157108 9 262 SH SOLE 1 0 0 262
SYBASE INC COM 871130100 17 634 SH SOLE 1 0 0 634
SYMANTEC 871503108 210 13031 SH SOLE 1 8008 0 5023
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**VOTING AUTHORITY**
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NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
SYNCHRONOSS TECHNOLOGIES INC COM 87157B103 21 606 SH SOLE 1 0 0 606
SYSCO CORP 871829107 27 863 SH SOLE 1 863 0 0
TECO ENERGY INC COM 872375100 9 527 SH SOLE 1 527 0 0
TJX COMPANIES 872540109 16 543 SH SOLE 1 543 0 0
TAIWAN SEMICONDUCTOR MFG CO
LTD ADR'S 874039100 76 7648 SH SOLE 1 0 0 7648
TALISMAN ENERGY INC COM 87425E103 5 290 SH SOLE 1 0 0 290
TARGET CORP 87612E106 483 9653 SH SOLE 1 4146 0 5507
TARGET CORP 87612E106 3 55 SH DEFINED 1 55 0 0
TASER INT'L UTS 87651B104 16 1120 SH SOLE 1 0 0 1120
TEAM INC 878155100 8 227 SH SOLE 1 0 0 227
TELE NORTE LESTE 879246106 3 150 SH SOLE 1 0 0 150
TELEFLEX INC COM 879369106 13 202 SH SOLE 1 0 0 202
TELEFONOS DE MEXICO SA DE CV SPONS ADR 879403780 12 314 SH SOLE 1 314 0 0
TEMPLE INLAND INC COM 879868107 29 1400 SH SOLE 1 1400 0 0
TN COMMERCE BK 88043P108 5 200 SH SOLE 1 200 0 0
TERRA INDUSTRIES INC 880915103 1 15 SH SOLE 1 15 0 0
TESCO CORP COM 88157K101 15 530 SH SOLE 1 0 0 530
TEVA PHARMACEUTICAL IND ADR'S 881624209 102 2191 SH SOLE 1 71 0 2120
TEXAS INSTRUMENTS 882508104 288 8611 SH SOLE 1 1356 0 7255
THERMO FISHER SCIENTIFIC INC 883556102 265 4588 SH SOLE 1 205 0 4383
THESTREET COM COM 88368Q103 14 875 SH SOLE 1 0 0 875
THOMAS MULTIMEDIA ADR 885118109 239 17035 SH SOLE 1 608 0 16427
3M CO 88579Y101 345 4091 SH SOLE 1 1691 0 2400
TIFFANY & CO NEW 886547108 42 904 SH SOLE 1 904 0 0
TIME WARNER INC 887317105 63 3792 SH SOLE 1 3792 0 0
TIME WARNER TELECOM INC CL A 887319101 72 3575 SH SOLE 1 0 0 3575
TITANIUM METALS CORP COM NEW 888339207 91 3447 SH SOLE 1 0 0 3447
TORONTO-DOMINION BANK ADR 891160509 7 94 SH SOLE 1 94 0 0
TOTAL FINA ELF S.A. ADR 89151E109 361 4366 SH SOLE 1 151 0 4215
TOWER GROUP INC COM 891777104 19 560 SH SOLE 1 0 0 560
TOYOTA MOTOR CORP ADR NEW 892331307 208 1955 SH SOLE 1 68 0 1887
TRAVELERS COMPANIES INC COM 89417E109 229 4253 SH SOLE 1 2709 0 1544
TRIARC COMPANIES "B" SR1 895927309 8 950 SH SOLE 1 0 0 950
TRIUMPH GROUP INC NEW COM 896818101 22 270 SH SOLE 1 0 0 270
TRUSTMARK CORP COM 898402102 397 15659 SH SOLE 1 15659 0 0
TYLER TECHNOLOGIES INC COM 902252105 7 580 SH SOLE 1 0 0 580
UGI CORP NEW 902681105 14 502 SH SOLE 1 502 0 0
USA TRUCK INC -RESTRICTED 902925106 379 24613 SH SOLE 1 24613 0 0
US BANCORP DEL NEW 902973304 21 649 SH SOLE 1 649 0 0
URS CORP NEW COM 903236107 12 228 SH SOLE 1 0 0 228
U S AIRWAYS GROUP INC COM 90341W108 61 4133 SH SOLE 1 0 0 4133
UAP HLDG CORP COM 903441103 27 705 SH SOLE 1 0 0 705
ULTRA CLEAN HLDGS INC COM 90385V107 7 572 SH SOLE 1 0 0 572
ULTRA PETROLEUM CORP-CAD 903914109 110 1536 SH SOLE 1 0 0 1536
UNILEVER NV NY NEW 904784709 384 10541 SH SOLE 1 374 0 10167
UNION PACIFIC CORP 907818108 25 200 SH SOLE 1 200 0 0
UNION PACIFIC CORP 907818108 276 2200 SH DEFINED 1 0 2200 0
UNITED BANCSHARES INC W VA 909907107 6 219 SH SOLE 1 0 0 219
UNITED FIRE & CAS CO COM 910331107 11 388 SH SOLE 1 0 0 388
UNITED INDUSTRIAL CORP 910671106 14 179 SH SOLE 1 179 0 0
UNITED PARCEL SERVICE - CLB 911312106 1 10 SH SOLE 1 10 0 0
UNITED TECHNOLOGIES CORP 913017109 366 4777 SH SOLE 1 132 0 4645
UNITED THERA PEUTICS CORP 91307C102 12 125 SH SOLE 1 0 0 125
UNITEDHEALTH GROUP 91324P102 1 13 SH SOLE 1 13 0 0
15
**VOTING AUTHORITY**
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NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
UNIVERSAL HEALTH SERVICES INC CL B 913903100 81 1585 SH SOLE 1 0 0 1585
VF CORPORATION 918204108 10 140 SH SOLE 1 0 0 140
VALSPAR CORP COM 920355104 10 465 SH SOLE 1 0 0 465
VALUECLICK INC COM 92046N102 14 660 SH SOLE 1 0 0 660
VARIAN MEDICAL SYSTEMS 92220P105 92 1760 SH SOLE 1 0 0 1760
VASCO DATA SEC INTL INC COM 92230Y104 14 515 SH SOLE 1 0 0 515
VECTREN CORP COM 92240G101 16 553 SH SOLE 1 0 0 553
VERIZON COMMUNICATIONS 92343V104 542 12401 SH SOLE 1 5816 0 6585
VERIZON COMMUNICATIONS 92343V104 110 2517 SH DEFINED 1 1719 798 0
VIAD CORPORATION 92552R406 3 87 SH SOLE 1 87 0 0
VIGNETTE CORP COM NEW 926734401 8 574 SH SOLE 1 0 0 574
VISTEON CORP 92839U107 1 123 SH SOLE 1 123 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 619 16599 SH SOLE 1 1924 0 14675
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 18 494 SH DEFINED 1 0 494 0
W.P.CAREY & CO., LLC 92930Y107 17 500 SH SOLE 1 500 0 0
WPP GROUP PLC SPON ADR 0905 929309409 331 5142 SH SOLE 1 3176 0 1966
WACHOVIA CORP NEW COM 929903102 35 924 SH SOLE 1 674 0 250
WACHOVIA CORP NEW COM 929903102 11 300 SH DEFINED 1 300 0 0
WADDELL & REED FINANCIAL INC CLASS A 930059100 16 452 SH SOLE 1 0 0 452
WAL MART STORES INC COM 931142103 1299 27329 SH SOLE 1 24529 0 2800
WAL MART STORES INC COM 931142103 55 1166 SH DEFINED 1 1166 0 0
WALGREEN CO COM 931422109 61 1608 SH SOLE 1 1608 0 0
WASHINGTON MUTUAL INC 939322103 7 525 SH SOLE 1 525 0 0
WASTE CONNECTIONS INC 941053100 8 270 SH SOLE 1 0 0 270
WEINGARTEN RLTY INVS 948741103 9 300 SH SOLE 1 0 0 300
WELLPOINT INC COM 94973V107 265 3019 SH SOLE 1 125 0 2894
WELLS FARGO & CO. NEW 949746101 15 500 SH SOLE 1 500 0 0
WELLS FARGO & CO. NEW 949746101 12 400 SH DEFINED 1 400 0 0
WESCO INTL INC COM 95082P105 9 236 SH SOLE 1 0 0 236
WESTAR ENERGY INC 95709T100 26 991 SH SOLE 1 700 0 291
WESTERN ASSET HIGH INCOME
OPPORTUNITY FD COM 95766K109 3 500 SH SOLE 1 500 0 0
WESTERN ASSET VAR RATE 957667108 40 2538 SH SOLE 1 2538 0 0
WESTERN UNION CO 959802109 472 19454 SH SOLE 1 11953 0 7501
WHIRLPOOL CORP 963320106 9 110 SH SOLE 1 0 0 110
WHITNEY HOLDING CORP COMMON 966612103 11 415 SH SOLE 1 175 0 240
WILLIAMS COMPANY COMMON 969457100 22 623 SH SOLE 1 623 0 0
WINDSTREAM, INC 97381W104 23 1768 SH SOLE 1 891 0 877
WRIGHT MEDICAL GROUP 98235T107 19 655 SH SOLE 1 0 0 655
WE WRIGLEY JR. COMPANY 982526105 21 360 SH SOLE 1 360 0 0
WYETH 983024100 200 4521 SH SOLE 1 2858 0 1663
WYNDHAM WORLDWIDE CORP 98310W108 240 10206 SH SOLE 1 4519 0 5687
XM SATELLITE 983759101 1 100 SH SOLE 1 0 0 100
XT0 ENERGY INC 98385X106 358 6969 SH SOLE 1 579 0 6390
XCEL ENERGY INC 98389B100 24 1054 SH SOLE 1 1054 0 0
YUM BRANDS INC 988498101 49 1292 SH SOLE 1 1292 0 0
ZIMMER HLDGS INC 98956P102 3 40 SH SOLE 1 40 0 0
ZUMIEZ INC COM 989817101 5 220 SH SOLE 1 0 0 220
ZWEIG TOTAL RETURN FUND 989837109 1 134 SH SOLE 1 0 0 134
BANCORPSOUTH INC 059692103 296 12516 SOLE 12516 0 0
GENERAL ELECTRIC CO COM 369604103 348 9397 SOLE 9397 0 0
ISHARES TR MSCI EAFE INDEX FD 464287465 225 2860 SOLE 2860 0 0
ISHARES TR S&P MIDCAP
400 INDEX FD 464287507 333 3915 SOLE 3915 0 0
ISHARES TR RUSSELL
1000 GROWTH INDEX FD 464287614 371 6100 SOLE 6100 0 0
16
**VOTING AUTHORITY**
MKT VAL SH/ PUT/ INVESTMENT OTHER -----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP x 1000 QTY PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
------------------------------ ----------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
PROCTER & GAMBLE CO 742718109 248 3372 SOLE 3372 0 0
POWERSHARES QQQ TR UNIT SER 1 73935A104 226 4411 SOLE 4411 0 0
REGIONS FINL CORP NEW COM 7591EP100 403 17026 SOLE 17026 0 0
STANDARD & POORS
DEPOSITARY RECEIPTS
(SPDR'S) UNITS OF
UNDIVIDED BENEFICIAL
INTEREST 78462F103 1242 8484 SOLE 8484 0 0
GRAND TOTALS 809464 12085845 2707223 8284035 1094587
17