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, 2001
Check here if Amendment [ ]; Amendment Number
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BancorpSouth, Inc.
Address: One Mississippi Plaza, 201 South Spring Street
Tupelo, MS 38804
FORM 13F FILE NUMBER: 28-10453
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: James C. Kelly, Jr.
Title: Vice President and Trust Operations Manager
Phone: (601) 944-3583
Signature, Place, and Date of Signing:
/s/ James C. Kelly, Jr. Jackson, Mississippi May 9, 2003
------------------------- -------------------- -----------
[Signature] [City, State] [Date]
EXPLANATORY NOTE:
This Form 13F was timely filed by BancorpSouth, Inc. on August 14, 2001 for
the three months ended June 30, 2001, but was inadvertently filed under the
Form 13F File Number ("File Number") of First United Bancshares, Inc. rather
than under BancorpSouth's File Number. First United Bancshares was merged with
and into BancorpSouth on August 31, 2000. BancorpSouth is re-filing this Form
13F under the correct File Number of BancorpSouth.
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager: None.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 347
Form 13F Information Table Value Total: $293,724 (thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. NONE.
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
LUKS INDUSTRIAL CO G5696D102 0 800 SH DEFINED 800 0 0
AT&T CORP COM WIRLES GRP 001957406 1 115 SH SOLE 115 0 0
ABBOTT LAB 002824100 1571 32735 SH SOLE 30135 300 2300
ABBOTT LAB 002824100 273 5688 SH DEFINED 200 4288 1200
GRUY PETRO MGMT WALKER
WALKER CREEK CREEK 002995363 0 1 PRN SOLE 1 0 0
ATLANTA EXP-- CRONE
12-96 003995362 0 1 SH SOLE 1 0 0
ACXIOM CORP COM 005125109 6 500 SH SOLE 500 0 0
ADAMS EXPRESS CO COM 006212104 176 9872 SH SOLE 9872 0 0
AETNA INC COM 00817Y108 5 200 SH DEFINED 0 0 200
ART MACHIN ASSOC
109-01 008990103 0 1 PRN SOLE 1 0 0
AIR PRODS & CHEMS
INC COM 009158106 18 400 SH DEFINED 0 0 400
PETROQUEST
EXPLORATION 009990102 0 1 PRN SOLE 1 0 0
ALLIANCE US GOVT
BOND FD CLASS A #46 018528406 10 1437 SH SOLE 1437 0 0
AEROPRES DIV #2240 018990101 0 1 PRN SOLE 1 0 0
NEW
ALLIED CAP CORP COM 01903Q108 6 300 SH SOLE 300 0 0
ALLTEL CORP 020039103 350 5714 SH SOLE 5514 200 0
ALLTEL CORP 020039103 699 11415 SH DEFINED 6115 0 5300
AMERICAN ELECTRIC
POWER 025537101 202 4380 SH SOLE 4380 0 0
AMERICAN ELECTRIC
POWER 025537101 34 748 SH DEFINED 568 0 180
AMER EXPRESS CO 025816109 186 4800 SH SOLE 4800 0 0
AMERICAN GEN CAP
L L C MIPS B 8.125% 02637F301 24 980 SH SOLE 980 0 0
AMER HOME PROD CORP 026609107 329 5600 SH SOLE 5600 0 0
AMER HOME PROD CORP 026609107 271 4615 SH DEFINED 3100 0 1515
ATLANTA EXP-NEW
HOPE EXPAND 10/98 026995365 0 1 PRN SOLE 1 0 0
AMERICAN MUTUAL
FUND INC 02768110R 30 1228 SH SOLE 1228 0 0
ANADARKO PETE CORP 032511107 78 1464 SH DEFINED 0 1464 0
ATLANTA EXP
WARECREEK LSE 036995363 0 1 PRN SOLE 1 0 0
APPLE COMP INC 037833100 74 3200 SH DEFINED 0 3200 0
ARCHER-DANIELS-
MIDLAND COMPANY 039483102 3 266 SH SOLE 0 0 266
ARROW ELECTRS INC 042735100 9 400 SH SOLE 400 0 0
AUTO DATA PROCESS 053015103 417 8400 SH SOLE 7600 0 800
AUTOZONE 053332102 37 1000 SH SOLE 1000 0 0
AUTOZONE 053332102 19 530 SH DEFINED 530 0 0
AVENTIS SPONSORED ADR 053561106 7 98 SH SOLE 98 0 0
AXCELIS
TECHNOLOGIES INC 054540109 32 2181 SH SOLE 2181 0 0
AXCELIS
TECHNOLOGIES INC 054540109 1 117 SH DEFINED 117 0 0
BODCAW BANK 056004997 767 853 SH SOLE 795 0 58
BODCAW BANK 056004997 5 6 SH DEFINED 6 0 0
BAKER HUGHES INC COM 057224107 4 135 SH SOLE 135 0 0
BANCORPSOUTH INC 059692103 15315 900925 SH SOLE 739305 145433 16187
BANCORPSOUTH INC 059692103 2838 166958 SH DEFINED 131750 2592 32616
BANKAMERICA CORP NEW COM 060505104 1306 21770 SH SOLE 21770 0 0
BANKAMERICA CORP NEW COM 060505104 162 2710 SH DEFINED 300 0 2410
BANK OF THE OZARKS,
INC 063904106 476 23800 SH DEFINED 0 23800 0
BAXTER INTL INC 071813109 181 3600 SH SOLE 1600 0 2000
BECKMAN COULTER INC COM 075811109 16 400 SH SOLE 400 0 0
13 PORTERS CHAPEL
ROAD RENT-SPROUSE 078995362 0 1 PRN SOLE 1 0 0
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
BELLSOUTH CORP 079860102 1922 47750 SH SOLE 44668 2442 640
BELLSOUTH CORP 079860102 103 2568 SH DEFINED 2568 0 0
BERKSHIRE HATHAWAY
"A" 084670108 69 1 SH SOLE 1 0 0
BETHLEHEM STL CORP PFD CV $2.50 087509402 11 1100 SH SOLE 1100 0 0
BLACKBURN MTR NV 088995360 1447 1577 SH SOLE 1577 0 0
BOEING INC 097023105 457 8227 SH SOLE 7527 0 700
BOEING INC 097023105 22 400 SH DEFINED 100 0 300
BRISTOL MYERS
SQUIBB CO 110122108 2184 41785 SH SOLE 39985 0 1800
BRISTOL MYERS
SQUIBB CO 110122108 578 11068 SH DEFINED 2700 0 8368
BULL RUN CORP
GEORGIA 120182100 4 3400 SH SOLE 3400 0 0
BURLINGTON
NORTHERN/SANTA FE
CORP 12189T104 28 930 SH SOLE 930 0 0
CLECO CORP COM 12561W105 13 600 SH SOLE 600 0 0
CLECO CORP COM 12561W105 9 400 SH DEFINED 400 0 0
CABLETRON SYS INC COM 126920107 4 200 SH SOLE 200 0 0
CITGO 0380600014 130990104 0 1 PRN SOLE 1 0 0
CITGO 0380600011 131990103 0 1 PRN SOLE 1 0 0
CITGO 03806000010 132990102 0 1 PRN SOLE 1 0 0
CABE LAND COMPANY
AKA CABE CATTLE CO. 133005991 1619 17672 SH SOLE 12586 0 5086
CAMPBELL SOUP CO COM 134429109 10 400 SH SOLE 0 0 400
CITGO 0380600015 134990100 0 1 PRN SOLE 1 0 0
CABE/LONG MANAGMENT 135000990 311 311294 SH SOLE 311294 0 0
CABE INVESTMENTS INC 135005999 311 311294 SH SOLE 311294 0 0
LION OIL 68-0366 135990109 0 1 PRN SOLE 1 0 0
CAPITAL ONE FINL
CORP COM 14040H105 288 4800 SH SOLE 0 0 4800
CARDINAL HEALTH INC COM 14149Y108 30 447 SH SOLE 0 0 447
CATERPILLAR INC 149123101 528 10555 SH SOLE 10455 0 100
CELL PATHWAYS INC 15114R101 0 100 SH SOLE 100 0 0
CHEVRON CORP 166751107 1199 13253 SH SOLE 12253 0 1000
CHEVRON CORP 166751107 456 5043 SH DEFINED 4643 0 400
CHUBB CORPORATION 171232101 425 5500 SH SOLE 5500 0 0
COCA COLA CO 191216100 1833 40755 SH SOLE 33950 1000 5805
COCA COLA CO 191216100 274 6100 SH DEFINED 100 0 6000
COLGATE-PALMOLIVE CO 194162103 399 6773 SH SOLE 6773 0 0
COLGATE-PALMOLIVE CO 194162103 11 200 SH DEFINED 0 0 200
COMCAST 200300200 34 800 SH SOLE 800 0 0
COMPAQ COMPUTER CORP 204493100 383 25065 SH SOLE 24565 0 500
COMPUTER ASSOC INTL
INC COM 204912109 28 800 SH SOLE 800 0 0
CONAGRA FOODS INC COM 205887102 11 600 SH SOLE 600 0 0
CONAGRA FOODS INC COM 205887102 3 200 SH DEFINED 200 0 0
CONECTIV INC COM 206829103 14 675 SH SOLE 675 0 0
CONSECO STRATEGIC
INC FD SH BEN INT 20847A102 8 866 SH SOLE 866 0 0
CONSOLIDATED EDISON
INC COM 209115104 40 1028 SH SOLE 1028 0 0
CONSTELLATION
ENERGY CORP 210371100 17 400 SH DEFINED 400 0 0
CORNING INC 219350105 30 1800 SH SOLE 1800 0 0
DPL INC COM 233293109 57 1985 SH SOLE 1985 0 0
DPL INC COM 233293109 8 300 SH DEFINED 300 0 0
DANA CORP 235811106 20 866 SH SOLE 866 0 0
DEAN FOODS CO 242361103 21 550 SH SOLE 550 0 0
DELTA AIRLINES INC 247361108 8 200 SH SOLE 200 0 0
DELTIC TIMBER INC 247850100 525 18240 SH SOLE 18240 0 0
DELTIC TIMBER INC 247850100 18597 645971 SH DEFINED 0 645543 428
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
DIAMOND OFFSHORE
DRILLING INC 25271C102 1 50 SH SOLE 50 0 0
WALT DISNEY CO 254687106 21 760 SH SOLE 760 0 0
WALT DISNEY CO 254687106 5 200 SH DEFINED 200 0 0
DOW CHEMICAL CO 260543103 1037 31194 SH SOLE 31194 0 0
DOW CHEMICAL CO 260543103 16 483 SH DEFINED 483 0 0
DREYFUS MUNICIPAL
BOND FUND 26201Q104 46 3881 SOLE 3881 0 0
DU PONT EI D
NEMOURS & CO 263534109 361 7497 SH SOLE 7497 0 0
DUKE ENERGY CORP COM 264399106 236 6054 SH SOLE 6054 0 0
DUKE ENERGY CORP COM 264399106 26 680 SH DEFINED 680 0 0
DYNEX CAP INC COM NEW 26817Q506 0 106 SH DEFINED 106 0 0
EEX CORP COM NEW 26842V207 0 66 SH SOLE 66 0 0
EQUINOX-- OPHILIA
TODD 10400 271995367 0 1 PRN SOLE 1 0 0
ALBEMARLE CORP
(ETHYL) 274990100 0 1 PRN SOLE 1 0 0
UNIT AGREEMENT-
SMACKOVERUNIT 275995363 0 1 PRN SOLE 1 0 0
EASTMAN KODAK CO 277461109 58 1250 SH SOLE 1250 0 0
EATON CORP COM 278058102 115 1650 SH SOLE 1650 0 0
EATON CORP COM 278058102 7 100 SH DEFINED 100 0 0
ECHELON CORP 27874N105 3 100 SH SOLE 100 0 0
STAFFMARK
INC/EDGEWATER TECH 280358102 3 1000 SH DEFINED 1000 0 0
ATLANTA EXPLORATION
PISG PRO 281995365 0 1 PRN SOLE 1 0 0
ATLANTA EXPLORATION
WARE CR 282995364 0 1 PRN SOLE 1 0 0
ELECTRONIC DATA SYS
CORP NEW 285661104 185 2963 SH SOLE 2963 0 0
EMERSON ELECTRIC CO 291011104 145 2400 SH SOLE 2400 0 0
EMERSON ELECTRIC CO 291011104 21 350 SH DEFINED 350 0 0
ENCORE WIRE CORP COM 292562105 239 20174 SH SOLE 20174 0 0
ENRON CORP 293561106 49 1000 SH SOLE 900 0 100
ENTERGY 65 SERIES
PRD 4.56% 29364D407 1 18 SH SOLE 18 0 0
ENTERGY ARK INC PFD
$6.08 29364D605 4 60 SH SOLE 60 0 0
ENTERGY ARK INC PFD
$7.32 29364D704 20 229 SH SOLE 229 0 0
ENTERGY ARK INC PFD
$7.80 29364D803 9 100 SH SOLE 100 0 0
ENTERGY ARK INC PFD
$7.40 29364D829 8 90 SH SOLE 90 0 0
ENTERGY ARK INC PFD
$7.88 29364D852 14 145 SH SOLE 145 0 0
ENTERGY CORP 29364G103 203 5298 SH SOLE 5298 0 0
ENTERGY CORP 29364G103 22 593 SH DEFINED 593 0 0
ETHAN ALLEN
INTERIORS 297602104 7 225 SH DEFINED 225 0 0
CHALLENGE OPT
ROBERSON #1ARK 301990107 0 1 PRN SOLE 1 0 0
FLOWEREE PLANTING
LSE 1-1-98 301995361 0 1 PRN SOLE 1 0 0
FPL GROUP INC 302571104 19 320 SH SOLE 320 0 0
FNMA COM 313586109 136 1600 SH SOLE 1600 0 0
FEDERAL REALTY INVT SH BEN INT
TR NEW 313747206 14 685 SH SOLE 685 0 0
1ST CENTURY
BANKSHARES 319426102 14 1000 SH SOLE 1000 0 0
FIRST NAT'L
ENTERTAINMENT CORP 320940109 0 388 SH DEFINED 388 0 0
FIRST COMMUNITY
BANK NA NPT 329000996 2 2000 SH SOLE 2000 0 0
ADV FUND MS TRS 33732A210 10 24 SOLE 24 0 0
1ST TRS ADVAN SER
195 MSTR9 33732C745 33 35 SH SOLE 35 0 0
1ST TRUST ADV UIT
SER 32 MS TRUST 1 337320675 3 15 SOLE 15 0 0
1ST TRS ADVAN SER
38 MSTR2 337320865 3 20 SH SOLE 20 0 0
FLUOR CORP 343412102 13 300 SH SOLE 300 0 0
FLUOR CORP 343412102 4 96 SH DEFINED 96 0 0
FOAMEX INT'L INC 344123104 148 20050 SH SOLE 20050 0 0
FORD MTR CO CAP TR I TOPRS 9% 345343206 26 1000 SH SOLE 1000 0 0
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
GAP INC DEL COM 364760108 43 1500 SH SOLE 1500 0 0
GENERAL ELECTRIC CO 369604103 6506 133473 SH SOLE 131843 450 1180
GENERAL ELECTRIC CO 369604103 297 6100 SH DEFINED 1700 0 4400
GENERAL MLS INC COM 370334104 31 720 SH SOLE 720 0 0
GENERAL MLS INC COM 370334104 0 20 SH DEFINED 0 0 20
GEN MTR CORP 370442105 43 673 SH SOLE 407 66 200
GENOME THERAPEUTICS
CORP COM 372430108 14 1000 SH SOLE 0 0 1000
GEORGIA PAC CORP 373298108 209 6202 SH SOLE 5802 0 400
GEORGIA PAC TIMBER
GROUP 373298702 12 360 SH SOLE 360 0 0
GERON CORP COM 374163103 4 300 SH SOLE 300 0 0
SCUDDER GLOBAL
DISCOVERY FD 378947501 14 544 SH SOLE 544 0 0
GLOBAL SPORTS INC 37937A107 0 29 SH SOLE 29 0 0
GOODYEAR TIRE &
RUBBER 382550101 48 1718 SH SOLE 1192 0 526
GOODYEAR TIRE &
RUBBER 382550101 13 484 SH DEFINED 484 0 0
GREAT LAKES CHEM
CORP COM 390568103 55 1785 SH DEFINED 0 1785 0
GUARANTY BANCSHARES
INC TEX COM 400764106 2 200 SH SOLE 0 0 200
GUIDANT CORP COM 401698105 158 4400 SH SOLE 4300 0 100
HARRIS SHORT/
INTERMEDIATE BOND CL I 40429960R 67 6571 SH SOLE 6571 0 0
BURNS/PERKIS
OIL/GAS11-1999 408995363 0 1 PRN SOLE 1 0 0
HANCOCK FABRICS 409900107 14 1600 SH SOLE 1600 0 0
HANCOCK HLDG CO CAP VALUE 410120109 124 2897 SH SOLE 2897 0 0
HARRIS CORP 413875105 40 1494 SH SOLE 1494 0 0
HARRIS EQUITY
INCOME FUND 41454810R 90 4999 SH SOLE 4999 0 0
HARTFORD FNCL SV
GRP INC COM 416515104 13 200 SH DEFINED 200 0 0
HASBRO, INC 418056107 11 787 SH DEFINED 787 0 0
HATTERAS INCOME
SECS INC COM 419025101 2 200 SH SOLE 200 0 0
HEWLETT PACKARD CO 428236103 362 12672 SH SOLE 9822 0 2850
HEWLETT PACKARD CO 428236103 11 400 SH DEFINED 0 0 400
HIBERNIA CORP 428656102 7420 417135 SH SOLE 413536 0 3599
HIBERNIA CORP 428656102 16 900 SH DEFINED 900 0 0
HIGHLANDS INS GROUP 431032101 58 12000 SH SOLE 12000 0 0
HOME DEPOT 437076102 991 21297 SH SOLE 16822 4050 425
HOME DEPOT 437076102 71 1532 SH DEFINED 882 0 650
HOMEFED CORP COM NEW 43739D208 3 4028 SH DEFINED 0 4028 0
SPONSORED
HOPEWELL HLDGS LTD ADR 439555301 9 14600 SH DEFINED 0 14600 0
HUBBELL INC CL B 443510201 29 1000 SH SOLE 1000 0 0
ICN PHARMACEUTICALS COM
INC NEW 448924100 16 525 SH SOLE 0 0 525
ICOS CORP COM 449295104 19 300 SH SOLE 200 0 100
INS MUN-INC TRS 198 45808G723 0 5 SOLE 5 0 0
INS MUN-INC TRS 116 458084837 1 6 SOLE 6 0 0
INTEL CORP CAP 458140100 1399 47844 SH SOLE 43894 2700 1250
INTEL CORP CAP 458140100 129 4430 SH DEFINED 230 0 4200
IBM CORP 459200101 4173 36930 SH SOLE 34880 400 1650
IBM CORP 459200101 147 1307 SH DEFINED 507 800 0
INTL PAPER CO 460146103 169 4748 SH SOLE 4698 0 50
INTL PAPER CO 460146103 51 1450 SH DEFINED 150 1100 200
IRWIN FINL CORP COM 464119106 20 800 SH SOLE 800 0 0
JANUS WORLDWID FUND
#41 471023309 32 661 SH SOLE 661 0 0
JEFFERSON PILOT
CORPORATION 475070108 21 450 SH DEFINED 0 0 450
JOHNSON & JOHNSON 478160104 2761 55226 SH SOLE 54826 0 400
JOHNSON & JOHNSON 478160104 500 10000 SH DEFINED 4600 1200 4200
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
KANSAS CITY PWR &
LT CO COM 485134100 70 2855 SH SOLE 2855 0 0
KELLOGG CO 487836108 5 200 SH SOLE 200 0 0
C SIMMONS LSE EXP
12/31/06 490990108 0 1 PRN SOLE 1 0 0
KERR-MCGEE
CORPORATION INC 492386107 1 25 SH SOLE 25 0 0
LION OIL 68-0261 RI
& ORI 493990105 0 1 PRN SOLE 1 0 0
LION OIL 05-0260
680260(246) 493995369 0 1 PRN SOLE 1 0 0
LION OIL 48-0260 RI
& ORI 494990104 0 1 PRN SOLE 1 0 0
LION OIL 05-0261
(DRIP) 494995368 0 1 PRN SOLE 1 0 0
KING
PHARMACEUTICALS INC 495582108 18 337 SH SOLE 337 0 0
LION OIL CO #18-1896 496990102 0 1 PRN SOLE 1 0 0
WICKFORD ENERGY
DO#9601100 498990100 0 1 PRN SOLE 1 0 0
*W EXP
LTV CORP 06/28/1998 501921126 0 1 SH SOLE 1 0 0
LTV CORP 1.25 SERIES 502210800 0 14 SH SOLE 14 0 0
LACLEDE GAS CO COM 505588103 7 300 SH SOLE 300 0 0
LACLEDE GAS CO COM 505588103 22 900 SH DEFINED 900 0 0
LEAR CORP COM 521865105 3 100 SH SOLE 100 0 0
COLONIAL TAX EXEMPT
FUND A 53054410R 132 10164 SOLE 10164 0 0
LOUSIANA COMPANIES 540000999 0 36 SH SOLE 0 0 36
MERLIN MORRIS FARMS
INC 546001991 2 2679 SH SOLE 2679 0 0
LOUISIANA PAC CORP COM 546347105 11 1016 SH SOLE 1016 0 0
MCDONALD'S CORP 580135101 232 8600 SH SOLE 8600 0 0
MCDONALD'S CORP 580135101 16 600 SH DEFINED 0 0 600
MEDTRONIC INC COM 585055106 67 1460 SH SOLE 1460 0 0
MELLON FINL CORP 58551A108 44 1000 SH SOLE 200 0 800
MERCK & CO INC 589331107 2530 39602 SH SOLE 36577 250 2775
MERCK & CO INC 589331107 220 3450 SH DEFINED 1500 0 1950
MERRILL LYNCH CORP HI INCOME
BD FD INC CL A 590907101 13 2536 SH SOLE 2536 0 0
METLIFE INC COM 59156R108 4 148 SH SOLE 148 0 0
MICROSOFT CORP 594918104 1487 20380 SH SOLE 19830 100 450
MICROSOFT CORP 594918104 29 400 SH DEFINED 0 0 400
MISSISSIPPI CHEMICAL 598001998 0 2 SH SOLE 2 0 0
MINNESOTA MNG & MFG
CO 604059105 133 1166 SH SOLE 1166 0 0
MORRISSEY DEV. CO. 618994156 25 400 SH SOLE 400 0 0
MOTOROLA INC 620076109 429 25943 SH SOLE 23913 0 2030
MOTOROLA INC 620076109 231 13980 SH DEFINED 13680 0 300
THE MUN INSURED
NAT'L TR S5 626223242 0 5 SOLE 5 0 0
MURPHY OIL CORP COM 626717102 3894 52914 SH SOLE 52914 0 0
MURPHY OIL CORP COM 626717102 172014 2337153 SH DEFINED 0 2337153 0
NELSON, THOMAS INC 640376109 1 187 SH SOLE 187 0 0
NICOR INC COM 654086107 31 800 SH SOLE 800 0 0
NOBLE AFFILIATES INC COM 654894104 35 1000 SH SOLE 1000 0 0
NORFOLK SO CORP 655844108 40 1934 SH SOLE 1934 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 111 1780 SH SOLE 0 0 1780
NORTHERN TRUST
COMPANY NTRS 665859104 250 4000 SH DEFINED 0 0 4000
OCCIDENTAL PETE COR
DEL 674599105 34 1303 SH SOLE 803 500 0
OLIN CORP 680665205 2 166 SH DEFINED 166 0 0
OMNICOM GROUP 681919106 86 1000 SH SOLE 1000 0 0
PPG INDUSTRIES INC 693506107 42 800 SH SOLE 800 0 0
PACIFIC CENTURY
CYBERWORKS 694059106 7 2473 SH DEFINED 0 2473 0
PENNEY J C INC COM 708160106 15 582 SH SOLE 582 0 0
PRAIRIE FARMERS
ASSOC RESERVES(BE) 711000992 1 1769 SH SOLE 1769 0 0
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
PEOPLES ENERGY CORP COM 711030106 8 200 SH SOLE 200 0 0
PEOPLES ENERGY CORP COM 711030106 20 500 SH DEFINED 500 0 0
PEOPLES HLDG CO COM 711148106 12 367 SH SOLE 367 0 0
GEORGE PATE
COLUMBIA 11/96 712995364 0 1 PRN SOLE 1 0 0
PEPSICO INC COM 713448108 1130 25578 SH SOLE 24245 1333 0
PEPSICO INC COM 713448108 138 3130 SH DEFINED 430 1100 1600
PORT GIBSON CAPITAL
CORP 715995361 336 8000 SH SOLE 8000 0 0
PFIZER INC 717081103 4203 104994 SH SOLE 101244 300 3450
PFIZER INC 717081103 132 3330 SH DEFINED 2400 0 900
PHELPS DODGE CORP COM 717265102 0 20 SH SOLE 20 0 0
PHELPS DODGE CORP COM 717265102 20 500 SH DEFINED 500 0 0
PHILIP MORRIS COS
INC COM 718154107 150 2975 SH SOLE 2975 0 0
PHILLIPS PETE CO 718507106 124 2186 SH SOLE 2186 0 0
PHILLIP/AMEXPLORATIO
N-CRONEA 719995367 0 1 PRN SOLE 1 0 0
PRAIRIE FARMERS 722000999 0 1 SH SOLE 1 0 0
ASSOCIATION NUMBER
00888
3/8 INT FARM
PROP-WARREN CTY 722995362 0 1 PRN SOLE 1 0 0
PORT GIBSON
PROPERTIES, INC 723995361 4 4100 SH SOLE 4100 0 0
PITNEY BOWES INC COM 724479100 1 36 SH SOLE 36 0 0
PETROGULF CORP
LEASE 8-2000 728995366 0 1 PRN SOLE 1 0 0
POTLATCH CORP COM 737628107 5 150 SH SOLE 150 0 0
PRAXAIR INC COM 74005P104 14 300 SH DEFINED 300 0 0
PRICE T ROWE TX FR HI YLD FDCOM 741486104 8 768 SOLE 768 0 0
PROCTER & GAMBLE CO COM 742718109 556 8717 SH SOLE 8367 250 100
PROCTER & GAMBLE CO COM 742718109 337 5290 SH DEFINED 1400 640 3250
QLOGIC CORP COM 747277101 16 250 SH SOLE 250 0 0
QUAKER OATS 747402105 278 3050 SH SOLE 3050 0 0
QUAKER OATS 747402105 365 4000 SH DEFINED 4000 0 0
RH DONNELLEY CORP 74955W307 1 60 SH SOLE 60 0 0
RALSTON PURINA CO COM 751277302 9 309 SH DEFINED 0 0 309
RELIANT ENERGY INC 75952J108 156 4873 SH SOLE 3673 1200 0
RELIANT ENERGY INC 75952J108 143 4460 SH DEFINED 4122 338 0
REXCOM SYSTEMS CORP 761672203 0 1 SH SOLE 1 0 0
ROHM & HAAS CO COM 775371107 6 200 SH SOLE 200 0 0
ROUSE CO COM 779273101 2 100 SH SOLE 100 0 0
SAFECO CORP COM 786429100 29 1000 SH SOLE 1000 0 0
SEVEN J STOCK FARM, 787991066 0 10 SH SOLE 10 0 0
SARA LEE CORP COM 803111103 15 800 SH SOLE 800 0 0
SCHERING PLOUGH CORP COM 806605101 704 19434 SH SOLE 19434 0 0
SCHERING PLOUGH CORP COM 806605101 804 22200 SH DEFINED 300 19500 2400
SCHLUMBERGER LTD COM 806857108 102 1950 SH SOLE 1750 0 200
SEARS ROEBUCK & CO COM 812387108 81 1920 SH SOLE 1720 0 200
SEARS ROEBUCK & CO COM 812387108 7 167 SH DEFINED 167 0 0
SHELL TRANS & NEW YRK SH
TRADING PLC NEW 822703609 90 1800 SH DEFINED 1800 0 0
SHERWIN WILLIAMS CO COM 824348106 24 1100 SH SOLE 1100 0 0
SIMMONS 1ST NATL
CORP CL A $5 PAR 828730200 301 9023 SH SOLE 9023 0 0
SIMMONS 1ST NATL
CORP CL A $5 PAR 828730200 8 250 SH DEFINED 250 0 0
SOLUTIA INC COM 834376105 52 4124 SH SOLE 2970 1154 0
SOLUTIA INC COM 834376105 1 100 SH DEFINED 0 100 0
SOUTHERN CO COM 842587107 491 21153 SH SOLE 21153 0 0
SOUTHERN CO COM 842587107 85 3658 SH DEFINED 3658 0 0
STILLWELL FINANCIAL
INC 860831106 20 600 SH SOLE 600 0 0
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- ------- ----- ---- ------- -------- ---- ------ ------
SUNAMERICA NEW
CENTURY A FD #36 867031205 35 1980 SH SOLE 1980 0 0
SYSCO CORP 871829107 108 4000 SH SOLE 4000 0 0
TECO ENERGY INC COM 872375100 9 300 SH SOLE 300 0 0
TECO ENERGY INC COM 872375100 24 800 SH DEFINED 800 0 0
TXU ELEC CAP III QUIPS 8% 87316Q207 25 1000 SH SOLE 1000 0 0
HILLSIDE MANOR
APARTMENTS 875995367 43 100 SH SOLE 100 0 0
TEMPLE INLAND INC COM 879868107 21 400 SH SOLE 400 0 0
TIFFANY & CO NEW 886547108 79 2200 SH SOLE 2200 0 0
TOTH ALUMINUM
CORPORATION 891514101 0 100 SH SOLE 0 0 100
TRI CONTINENTAL
CORPORATION 895436103 118 4528 SH SOLE 4528 0 0
TRIBUNE COMPANY 896047107 48 1200 SH SOLE 1200 0 0
SUPPLYFORCE.COM, LLC 89902Q997 60 10000 SH SOLE 10000 0 0
TRANS-GULF LA CLOSELY
PETROLEUM CORP HELD 89902X992 0 10 SH SOLE 10 0 0
SMACKOVER
BANCSHARES INC 899027999 0 673 SH SOLE 673 0 0
FIRST STAUNTON
BANCSHARES CL-A V 90008J994 0 42 SH SOLE 42 0 0
FIRST STAUNTON
BANCSHARES CL-B NV 90008K991 0 374 SH SOLE 374 0 0
WHOLESALE ELECTRIC
SUPPLY CO., INC. 902027994 5073 47444 SH SOLE 47444 0 0
TYSON FOODS INC CL A 902494103 6 750 SH SOLE 0 0 750
TYSON FOODS INC CL A 902494103 138 15000 SH DEFINED 0 0 15000
USA TRUCK INC COM 902925106 733 102385 SH SOLE 102385 0 0
USX-U S STL COM 90337T101 10 500 SH SOLE 500 0 0
USX-U S STL COM 90337T101 4 200 SH DEFINED 200 0 0
UNITED ARKANSAS
CORPORATION 907000996 0 1200 SH DEFINED 0 0 1200
UNISYS CORP 909214108 7 540 SH SOLE 540 0 0
UNITED AUTO GROUP
INC COM 909440109 176 10105 SH SOLE 10105 0 0
CONFEDERATE STATE
$10 BILL 915995369 0 1 PRN SOLE 1 0 0
BANK OF US NOTE
$1000 916995368 0 1 PRN SOLE 1 0 0
UTILICORP UNITED INC 918005109 81 2656 SH SOLE 2656 0 0
VAN KAMPEN AMERICAN
CAPITAL PRIME RATE 920914108 51 5997 SH SOLE 5997 0 0
VANG INDEX EXT MKT
#98 922908207 13 563 SH SOLE 563 0 0
VIALINK CO COM 92552Q101 0 450 SH SOLE 0 0 450
VLASIC FOODS INTL
INC COM 928559103 0 100 SH SOLE 0 0 100
WACHOVIA CORPORATION 929771103 398 5600 SH SOLE 5600 0 0
WAL MART STORES INC COM 931142103 2701 55373 SH SOLE 52173 2000 1200
WAL MART STORES INC COM 931142103 231 4739 SH DEFINED 1439 3000 300
WALGREEN CO COM 931422109 196 5700 SH SOLE 5700 0 0
WALSH HEALTH CARE
SOLUTIONS INC 937001998 0 3 SH SOLE 3 0 0
WAUSAU-MOSINEE
PAPER CORP CO 943315101 7 550 SH SOLE 550 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 43 1000 SH SOLE 1000 0 0
WESTERN RES INC COM 959425109 4 200 SH SOLE 200 0 0
WEYERHAEUSER CO COM 962166104 208 3800 SH SOLE 3800 0 0
GRAND TOTALS 293724 6846089 3435146 3232832 178111