UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

      Report for the Calendar Year or Quarter Ended: September 30, 2002

      Check here if Amendment [ X ]; Amendment Number 1 

      This Amendment (Check only one):   [ X ] is a restatement

                                         [   ] adds new holdings entries.

      Institutional Investment Manager Filing this Report:

      Name:             BancorpSouth, Inc.

      Address:          One Mississippi Plaza
                        201 South Spring Street
                        Tupelo, MS  38804

      Form 13F File Number: 28-10453

      The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true, correct
and complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.

      Person Signing this Report on Behalf of Reporting Manager:

      Name: Cathy S. Freeman

      Title: Senior Vice President and Corporate Secretary

      Phone: (662) 680-2084

      Signature, Place, and Date of Signing:

      /s/ Cathy S. Freeman       Tupelo, Mississippi       November 15, 2004
      ----------------------------------------------------------------------

      Report Type (Check only one.):

      [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)

      [ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)

      [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)

      List of Other Managers Reporting for this Manager: None.



                             FORM 13F SUMMARY PAGE

      Report Summary:

      Number of Other Included Managers: 1

      Form 13F Information Table Entry Total: 580

      Form 13F Information Table Value Total: $316,228
                                              (thousands)

LIST OF OTHER INCLUDED MANAGERS:

      Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.



No.             Form 13F File Number            Name
---             --------------------            ----
                                   
1                    28-10939            BancorpSouth Bank




                           FORM 13F INFORMATION TABLE



                                                                                                           VOTING AUTHORITY
                            TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER        CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------        -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                      
DAIMLERCHRYSLER AG          ORD         D1668R123         1       49  SH           SOLE         1         49       0      0
GLOBAL SANTAFE CORP                     G3930E101       219     9845  SH           SOLE         1       6315       0   3530
INGSOLL-RAND CO             CL A        G4776G101       108     3150  SH           SOLE         1       3150       0      0
                            BERMUDA
NOBLE CORP                              G65422100         9      300  SH           SOLE         1        300       0      0
TRANSOCEAN SEDCO FOREX INC              G90078109         6      296  SH           SOLE         1        196       0    100
TRANSOCEAN SEDCO FOREX INC              G90078109         1       77  SH           DEFINED      1         77       0      0
                                                          3      200                                     200
ROYAL CARIBBEAN CRUISES                 V7780T103                     SH           SOLE         1                  0      0
A F L A C  INC                          001055102       147     4800  SH           SOLE         1       4800       0      0
AGL RESOURCES, INC.                     001204106        24     1090  SH           SOLE         1       1090       0      0
AES CORPORATION                         00130H105         2     1000  SH           SOLE         1       1000       0      0
AOL TIME WARNER                         00184A105        68     5895  SH           SOLE         1       5520       0    375
AOL TIME WARNER                         00184A105        10      900               DEFINED      1        900       0      0
AT&T CORP                               001957109       418    34840               SOLE         1      33840     400    600
AT&T CORP                               001957109         7      599               DEFINED      1        599       0      0
AT&T WIRELESS SVCS INC                  00209A106        33     8073  SH           SOLE         1       7545     128    400
AT&T WIRELESS SVCS INC                  00209A106         0      192  SH           DEFINED      1        192       0      0
ABBOTT LAB                              002824100      1303    32264  SH           SOLE         1      29254       0   3010
ABBOTT LAB                              002824100       205     5088  SH           DEFINED      1        200    4288    600
AdAMS EXPRESS CO            COM         006212104        99     9692  SH           SOLE         1       9692       0      0
ADAPTEC INC                             00651F108         1      400  SH           SOLE         1        400       0      0
ADVANCED MICRO DEVICES INC              007903107        10     2000  SH           SOLE         1       2000       0      0
ADVANCED MICRO DEVICES INC              007903107         1      200  SH           DEFINED      1        200       0      0
ADVANCED ENVIRON RECYCLING  TCL A       007947104         9     7000  SH           SOLE         1       7000       0      0
AETNA INC                   COM         00817Y108         7      200  SH           DEFINED      1          0       0    200
AGERE SYSTEM INC-A                      00845V100         0      218  SH           SOLE         1        206      10      2
AGERE SYSTEM INC-A                      00845V100         0       22  SH           DEFINED      1         22       0      0
AGERE SYS INC               CL B        00845V209         5     5908  SH           SOLE         1       5591     265     52
AGERE SYS INC               CL B        00845V209         0      580  SH           DEFINED      1        580       0      0
AGILENT TECHNOLOGIES, INC.              00846U101        47     3633  SH           SOLE         1       3365     268      0
AGILENT TECHNOLOGIES, INC.              00846U101         1      100  SH           DEFINED      1          0       0    100
AGNICO EAGLE MINES                      008474108         8      500  SH           SOLE         1        500       0      0
ALCOA INC                               013817101       111     5786  SH           SOLE         1       4036       0   1750
ALCOA INC                               013817101         7      400  SH           DEFINED      1        400       0      0
ALLEGHENY ENERGY INC                    017361106         2      200  SH           SOLE         1        200       0      0
ALLIANCE CAP MGMT HLDG L P              01855A101        55     2000  SH           DEFINED      1       2000       0      0
ALLIED CAP CORP             NEW COM     01903Q108         6      300  SH           SOLE         1        300       0      0
ALLSTATE CORP COMMON                    020002101       212     5992  SH           SOLE         1       5992       0      0
ALLSTATE CORP COMMON                    020002101        21      604  SH           DEFINED      1        310       0    294
ALLTEL CORP                             020039103       203     5064  SH           SOLE         1       5064       0      0
ALLTEL CORP                             020039103       437    10900  SH           DEFINED      1      10900       0      0
AMERICAN ELECTRIC POWER                 025537101       127     4460  SH           SOLE         1       3060       0   1400
AMERICAN ELECTRIC POWER                 025537101         9      318  SH           DEFINED      1        318       0      0
AMER EXPRESS CO                         025816109        87     2800  SH           SOLE         1       2800       0      0
AMERICAN INTERNATIONAL                  026874107        15      284  SH           SOLE         1        284       0      0
GROUP, INC
AMERICAN INTERNATIONAL 
GROUP, INC                              026874107         9      175  SH           DEFINED      1        175       0      0
AMERUS LIFE HOLDINGS                    03072M108        20      712  SH           SOLE         1        712       0      0
AMGEN INC                               031162100         4      100  SH           SOLE         1        100       0      0
AMGEN INC                               031162100         8      200  SH           DEFINED      1        200       0      0
AMSOUTH BANCORPORATION                  032165102      3020   145722  SH           SOLE         1     145722       0      0
ANADARKO PETE CORP                      032511107        65     1464  SH           DEFINED      1          0    1464      0
ANALOG DEVICES INC          COM         032654105         1      100  SH           SOLE         1        100       0      0






                                                                                                         VOTING AUTHORITY
                            TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER        CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------        -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                      
ANHEUSER-BUSCH COMPANIES                035229103      1497    29599  SH         SOLE           1      25429       0   4170
ANHEUSER-BUSCH COMPANIES                035229103       182     3600  SH         DEFINED        1       3600       0      0
ANTHEM INC                              03674B104       212     3265  SH         SOLE           1       2075       0   1190
APARTMENT INVT & MGMT CO    CL A        03748R101        42     1100  SH         SOLE           1       1100       0      0
APPLE COMP INC                          037833100        46     3200  SH         DEFINED        1       3200       0      0
APPLIED MATERIALS INC                   038222105       133    11600  SH         SOLE           1      11600       0      0
AQUILA INC                              03840P102        10     2500  SH         SOLE           1       2500       0      0
ARCHER-DANIELS-MIDLAND                  039483102         3      279  SH         SOLE           1        279       0      0
COMPANY
ARVINMERITOR                            043353101         3      168  SH         SOLE           1        168       0      0
AUTO DATA PROCESS                       053015103       180     5200  SH         SOLE           1       5200       0      0
AUTO DATA PROCESS                       053015103       111     3200  SH         DEFINED        1       3200       0      0
AUTOZONE                                053332102        59      750  SH         SOLE           1        750       0      0
AUTOZONE                                053332102        41      530  SH         DEFINED        1        530       0      0
AVAYA INC                               053499109         0      318  SH         SOLE           1        235      83      0
AVOCENT CORP USD            COM         053893103        25     1900  SH         SOLE           1          0    1900      0
AVON PRODUCTS INC           COM         054303102        32      700  SH         SOLE           1        700       0      0
AXA-UAP ADR                             054536107         2      236  SH         SOLE           1        236       0      0
AXCELIS TECHNOLOGIES INC                054540109         6     1414  SH         SOLE           1       1414       0      0
BP AMOCO PLC                SPONSORED   055622104       460    11534  SH         SOLE           1      10534       0   1000
                            ADR
BP AMOCO PLC                SPONSORED   055622104       188     4736  SH         DEFINED        1       4736       0      0
                            ADR
BANCORP MS                              05969210X       275    14000  SH         sole           1      14000       0      0
BANCORPSOUTH INC                        059692103     16200   822791  SH         sole           1     821791       0   1000
BANCORPSOUTH INC                        059692103      2745   139457  SH         DEFINED        1     136191    2592    674
BANKAMERICA CORP            NEW COM     060505104      1120    17560  SH         SOLE           1      16040       0   1520
BANKAMERICA CORP            NEW COM     060505104        45      710  SH         DEFINED        1        710       0      0
BANK OF THE OZARKS, INC                 063904106      1055    46100  SH         DEFINED        1      46100       0      0
BANK OF NEW YORK                        064057102       250     8725  SH         SOLE           1       5740       0   2985
BANK ONE CORP               COM         06423A103       122     3268  SH         SOLE           1       3268       0      0
BANK ONE CORP               COM         06423A103        55     1482  SH         DEFINED        1          0    1482      0
BAXTER INTL INC                         071813109       270     8845  SH         SOLE           1       6725       0   2120
BEAR STEARNS COS INC                    073902108       435     7717  SH         SOLE           1       5537       0   2180
BED BATH & BEYOND                       075896100         6      200  SH         SOLE           1        200       0      0
BELLSOUTH CORP                          079860102       782    42627  SH         SOLE           1      39567       0   3060
BELLSOUTH CORP                          079860102         9      532  SH         DEFINED        1        532       0      0
BERKSHIRE HATHAWAY "A"                  084670108        73        1  SH         SOLE           1          1       0      0
BERKSHIRE HATHAWAY INC      DEL CL B    084670207         7        3  SH         DEFINED        1          3       0      0
BIOGEN N V                              090597105         7      250  SH         SOLE           1        250       0      0
BIOMARIN PHARMACEUTICAL     COM         09061G101        11     2000  SH         SOLE           1          0    2000      0
BIOTRANSPLANT INC           COM         09066Y107         7     4400  SH         SOLE           1          0    4400      0
BLACKROCK INVT QUALITY                  09247D105        43     3000  SH         SOLE           1       3000       0      0
MUNI TR INC
MF BLACKROCK INCOME TRUST               09247F100        24     3000             SOLE           1       3000       0      0
BLACKSTONE INVESTMENT       QUALITY     09247J102        39     4155  SH         SOLE           1       4155       0      0
                            TERM TRUST
BLOCK H & R INC             COM         093671105       203     4835             SOLE           1       4735       0    100
BOEING INC                              097023105       125     3680  SH         SOLE           1       3080       0    600
BOWATER INC                             102183100       259     7365  SH         SOLE           1       4810       0   2555
BRISTOL MYERS SQUIBB CO                 110122108       556    23403  SH         SOLE           1      23403       0      0
BRISTOL MYERS SQUIBB CO                 110122108        35     1500  SH         DEFINED        1       1500       0      0
BUCKEYE TECHNOLOGY INC                  118255108        22     3100  SH         SOLE           1          0    3100      0
BURLINGTON NORTHERN/SANTA               12189T104        22      930  SH         SOLE           1        930       0      0
FE CORP
CBRL GROUP INC              COM         12489V106        66     2900  SH         SOLE           1       2900       0      0
CEC ENTMT INC                           125137109        28      850  SH         SOLE           1          0     850      0
CIGNA CORPORATION                       125509109        31      450  SH         SOLE           1        450       0      0
CNET NETWORKS INC                       12613R104         0      118  SH         SOLE           1        118       0      0
CADBURY SCHWEPPES PLC       ADR         127209302        31     1200  SH         SOLE           1       1200       0      0
CALLAWAY GOLF CO                        131193104         2      200  SH         SOLE           1          0       0    200
CAMPBELL SOUP CO            COM         134429109         8      400  SH         SOLE           1        400       0      0






                                                                                                         VOTING AUTHORITY
                            TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER        CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------        -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                      
CAPITAL ONE FINL CORP       COM         14040H105       160     4600  SH         SOLE           1        4600       0     0
CARDINAL HEALTH INC         COM         14149Y108        27      447  SH         SOLE           1         447       0     0
CATERPILLAR INC                         149123101       133     3600  SH         SOLE           1        3100       0   500
CELL PATHWAYS INC                       15114R101         0      100  SH         SOLE           1         100       0     0
CENDANT CORP                COM         151313103        10     1000  SH         SOLE           1        1000       0     0
CENTURYTEL, INC                         156700106        95     4250  SH         SOLE           1        4250       0     0
CERTEGY INC                             156880106         2      100  SH         SOLE           1         100       0     0
CHARTER COMMUNICATIONS INC  DEL CL A    16117M107         1      600  SH         SOLE           1         600       0     0
CHECKPOINT SYSTEMS                      162825103        12     1000  SH         SOLE           1        1000       0     0
CHEVRONTEXACO CORP                      166764100      1210    17485  SH         SOLE           1       16195       0  1290
CHEVRONTEXACO CORP                      166764100        91     1327  SH         DEFINED        1        1327       0     0
CHOICEPOINT INC                         170388102         2       80  SH         SOLE           1          80       0     0
CHRONIMED INC               COM         171164106        32     6800  SH         SOLE           1           0    6800     0
CHUBB CORPORATION                       171232101       301     5500  SH         SOLE           1        5500       0     0
CISCO SYS INC                           17275R102       340    32445  SH         SOLE           1       32045       0   400
CISCO SYS INC                           17275R102        14     1400  SH         DEFINED        1         800       0   600
CITIGROUP, INC                          172967101       650    21939  SH         SOLE           1       19489       0  2450
CITIGROUP, INC                          172967101       240     8117  SH         DEFINED        1        8117       0     0
CLEAR CHANNEL                           184502102         3      100  SH         SOLE           1         100       0     0
COMMUNICATIONS
COCA COLA BOTTLING CO CONS  COM         191098102        22      470  SH         SOLE           1         470       0     0
COCA COLA CO                            191216100      1548    32287  SH         SOLE           1       29762     200  2325
COCA COLA CO                            191216100        71     1500  SH         DEFINED        1         500          1000
COCA COLA ENTERPRISES INC   COM         191219104        82     3900  SH         SOLE           1        3900       0     0
COLGATE-PALMOLIVE CO                    194162103       147     2725  SH         SOLE           1        2725       0     0
COLGATE-PALMOLIVE CO                    194162103        10      200  SH         DEFINED        1           0       0   200
COLONIAL HIGH INCOME        MUNICIPAL   195743109         1      200             SOLE           1         200       0     0
                            TRUST
COMCAST                                 200300200        16      800  SH         DEFINED        1         800       0     0
COMMSCOPE INC                           203372107         6     1000  SH         SOLE           1        1000       0     0
COMPUTER ASSOC INTL INC     COM         204912109         7      800  SH         SOLE           1         800       0     0
COMPUTER SCIENCES           COMMON      205363104         2       99  SH         DEFINED        1           0       0    99
CORPORATION
CONAGRA FOODS INC           COM         205887102        42     1700  SH         SOLE           1        1700       0     0
CONAGRA FOODS INC           COM         205887102         4      200  SH         DEFINED        1         200       0     0
CONEXANT SYS INC            COM         207142100         0      176  SH         SOLE           1         176       0     0
CONSECO                                 208464107         0      560  SH         DEFINED        1         560       0     0
CONSECO STRATEGIC INC       FD SH BEN   20847A102         6      866  SH         SOLE           1         866       0     0
                            INT
CONSOLIDATED EDISON INC     COM         209115104        40     1000  SH         SOLE           1        1000       0     0
COOPER TIRE & RUBBER CO                 216831107       337    20953  SH         SOLE           1       19953       0  1000
COOPER TIRE & RUBBER CO                 216831107         1      100  SH         DEFINED        1         100       0     0
CYBERGUARD CORP                         231910100         0      105  SH         SOLE           1         105       0     0
CYPRESS SEMICONDUCTOR                   232806109         3      500  SH         SOLE           1         500       0     0
DNP SELECT INCOME FD INC                23325P104        10     1100  SH         DEFINED        1        1100       0     0
DPL INC                     COM         233293109        24     1485  SH         SOLE           1        1485       0     0
DANKA BUSINESS SYS PLC      SPONSORED   236277109        10     5000  SH         SOLE           1        5000       0     0
                            ADR
DEERE & CO                              244199105       577    12715  SH         SOLE           1        8800       0  3915
DELL COMPUTER                           247025109       452    19235  SH         SOLE           1       19235       0     0
DELL COMPUTER                           247025109        25     1100  SH         DEFINED        1        1100       0     0
DELPHI AUTO SYSTEMS                     247126105         2      343  SH         SOLE           1         343       0     0
DELTA & PINE LD CO          COM         247357106        13      709  SH         SOLE           1         709       0     0
DELTA AIRLINES INC                      247361108         1      200  SH         SOLE           1         200       0     0
DELTIC TIMBER INC                       247850100       319    14524  SH         SOLE           1       14524       0     0
DELTIC TIMBER INC                       247850100     14191   645971  SH         DEFINED        1      242423  403548     0
DIAMOND OFFSHORE DRILLING   INC         25271C102         0       50  SH         SOLE           1          50       0     0
WALT DISNEY CO                          254687106        32     2131  SH         SOLE           1         760    1371     0
WALT DISNEY CO                          254687106         9      600  SH         DEFINED        1         600       0     0
DOMINION RES INC            VA NEW      25746U109       168     3315  SH         SOLE           1        3315       0     0
DONNELLEY RR & SONS                     257867101        18      800  SH         SOLE           1         800       0     0
DOW CHEMICAL CO                         260543103       443    16263  SH         SOLE           1       16263       0     0
DOW CHEMICAL CO                         260543103        13      483  SH         DEFINED        1         483       0     0






                                                                                                         VOTING AUTHORITY
                            TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER        CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------        -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                      
DREYFUS STRATEGIC                       261932107        21     2086             SOLE           1       2086       0      0
MUNICIPALS INC
DREYFUS MUNICIPAL INCOME                26201R102        17     1832             SOLE           1       1832       0      0
INC
DREYFUS STRATEGIC MUN BD                26202F107        25     2841  SH         SOLE           1       2841       0      0
FD INC
DU PONT EI D NEMOURS & CO               263534109       176     4897  SH         SOLE           1       4897       0      0
DU PONT EI D NEMOURS & CO               263534109         9      250  SH         DEFINED        1        250       0      0
DUKE ENERGY CORP            COM         264399106       113     5814  SH         SOLE           1       5814       0      0
DUN & BRADSTREET NW                     26483E100        10      300  SH         SOLE           1        300       0      0
DYNEX CAP INC               COM NEW     26817Q506         0      106  SH         DEFINED        1        106       0      0
EEX CORP                    COM NEW     26842V207         0       66  SH         SOLE           1         66       0      0
E-LOAN INC                              26861P107         1     1000  SH         SOLE           1       1000       0      0
EMC CORP                                268648102        19     4200  SH         SOLE           1       4200       0      0
EMC CORP                                268648102        18     4000  SH         DEFINED        1       4000       0      0
ENI S P A                   SPONSORED   26874R108        13      200  SH         SOLE           1        200       0      0
                            ADR
E TRADE GROUP INC                       269246104        17     4000  SH         SOLE           1       4000       0      0
EASTMAN KODAK CO                        277461109        27     1000  SH         SOLE           1       1000       0      0
EASTMAN KODAK CO                        277461109         3      125  SH         DEFINED        1        125       0      0
EATON CORP                  COM         278058102        95     1500  SH         SOLE           1       1500       0      0
ECHOSTAR COMMUN                         278762109         8      500  SH         SOLE           1        500       0      0
EDWARDS LIFESCIENCES CORP               28176E108         6      240  SH         SOLE           1        240       0      0
A. G. EDWARDS INC                       281760108       265     8305  SH         SOLE           1       5480       0   2825
EL PASO CORPORATION                     28336L109        26     3149  SH         SOLE           1       3149       0      0
EL PASO CORPORATION                     28336L109         1      200  SH         DEFINED        1          0       0    200
ELAN CORP PLC ADR                       284131208         0      300  SH         SOLE           1        300       0      0
ELECTRONIC DATA SYS CORP                285661104        10      750  SH         SOLE           1        750       0      0
NEW
EMERSON ELECTRIC CO                     291011104       105     2400  SH         SOLE           1       2400       0      0
ENCORE WIRE CORP            COM         292562105       183    20900  SH         SOLE           1      13900       0   7000
ENERGY EAST CORP            COM         29266M109         3      200  SH         SOLE           1        200       0      0
ENGELHARD CORP                          292845104         6      253  SH         DEFINED        1          0       0    253
ENTERASYS NETWORKS INC                  293637104         0      200  SH         SOLE           1        200       0      0
ENTERGY CORP                            29364G103       217     5231  SH         SOLE           1       4231       0   1000
ENTERGY CORP                            29364G103        24      593  SH         DEFINED        1        593       0      0
EQUIFAX INC                             294429105         4      200  SH         SOLE           1        200       0      0
EQUITY INNS, INC                        294703103         9     1500  SH         DEFINED        1       1500       0      0
EQUITY RESIDENTIAL PPTYS                29476L107        10      436  SH         SOLE           1        436       0      0
SBI
EXELON CORP                             30161N101         9      200  SH         SOLE           1        200       0      0
EXXON MOBIL CORP                        30231G102      6555   205572  SH         SOLE           1     203627       0   1945
EXXON MOBIL CORP                        30231G102       987    30976  SH         DEFINED        1      20576    4800   5600
FED HMN LN MTG CORP         VOTING COM  313400301        13      250  SH         SOLE           1        250       0      0
FNMA                        COM         313586109        71     1200  SH         SOLE           1       1200       0      0
FEDERAL REALTY INVT TR      SH BEN INT  313747206        27     1000  SH         SOLE           1       1000       0      0
                            NEW
FEDEX CORPORATION                       31428X106        50     1000  SH         SOLE           1       1000       0      0
FEDEX CORPORATION                       31428X106        12      250  SH         DEFINED        1        250       0      0
FIRST INDL RLTY TR INC                  32054K103        13      450  SH         SOLE           1        450       0      0
FIRST M & F CORP                        320744105        33     1293  SH         SOLE           1       1293       0      0
FIRST TENNESSEE NATIONAL                337162101      2499    72128  SH         SOLE           1      72128       0      0
CORP
FISERV INC                              337738108       152     5425  SH         SOLE           1       3535       0   1890
FLEET BOSTON CORP                       339030108        38     1877  SH         SOLE           1       1877       0      0
FLUOR CORP                              343412102         7      300  SH         SOLE           1        300       0      0
FLUOR CORP                              343412102         2       96  SH         DEFINED        1         96       0      0
FOAMEX INT'L INC                        344123104       110    20050  SH         SOLE           1      20050       0      0
FORD MOTOR COMPANY          COMMON      345370860        64     6562  SH         SOLE           1       6562       0      0
FORD MOTOR COMPANY          COMMON      345370860         6      700  SH         DEFINED        1        700       0      0
GSI COMMERCE INC                        36238G102         0       29  SH         SOLE           1         29       0      0
GALLAGHER ARTHUR J & CO                 363576109       198     8055  SH         SOLE           1       5180       0   2875
GAP INC                     DEL COM     364760108        16     1500  SH         SOLE           1       1500       0      0
GENERAL ELECTRIC CO                     369604103      3146   127718  SH         SOLE           1     125793    1255    670
GENERAL ELECTRIC CO                     369604103        71     2900  SH         DEFINED        1       1700       0   1200






                                                                                                          VOTING AUTHORITY
                             TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER         CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------         -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                        
GENERAL MLS INC              COM         370334104        23      520  SH         SOLE           1         520      0       0
GENERAL MLS INC              COM         370334104         0       20  SH         DEFINED        1           0      0      20
GEN MTR CORP                             370442105        26      673  SH         SOLE           1         673      0       0
GENOME THERAPEUTICS CORP     COM         372430108         1     1000  SH         SOLE           1           0      0    1000
GEORGIA PAC CORP                         373298108        19     1490  SH         SOLE           1        1490      0       0
GERON CORP                   COM         374163103         1      300  SH         SOLE           1         300      0       0
GILLETTE CO                              375766102        88     3006  SH         SOLE           1        2806      0     200
GILLETTE CO                              375766102       103     3485  SH         DEFINED        1        3485      0       0
GLAXO WELLCOME PLC           SPONSORED   37733W105        25      669  SH         SOLE           1           0      0     669
                             ADR
GLAXO WELLCOME PLC           SPONSORED   37733W105        23      600  SH         DEFINED        1         600      0       0
                             ADR
GOODYEAR TIRE & RUBBER                   382550101         5      618  SH         SOLE           1         618      0       0
GREAT LAKES CHEM CORP        COM         390568103        42     1785  SH         DEFINED        1        1785      0       0
GREAT PLAINS ENERGY INC                  391164100        35     1855  SH         SOLE           1        1855      0       0
GUIDANT CORP                 COM         401698105        93     2900  SH         SOLE           1        2900      0       0
HCA- THE HEALTHCARE CO                   404119109         7      150  SH         SOLE           1         150      0       0
HCA- THE HEALTHCARE CO                   404119109        59     1250  SH         DEFINED        1        1250      0       0
HCB BANCSHARES INC           COM         40413N106        18     1200  SH         SOLE           1        1200      0       0
HALLIBURTON CO               COM         406216101        10      850  SH         SOLE           1         850      0       0
HALLIBURTON CO               COM         406216101         7      600  SH         DEFINED        1         600      0       0
HANCOCK FABRICS                          409900107        25     1600  SH         SOLE           1        1600      0       0
HANCOCK HLDG CO CAP VALUE                410120109       204     4345  SH         SOLE           1        4345      0       0
JOHN HANCOCK                             41014S106         0       34  SH         SOLE           1          34      0       0
HARRIS CORP                              413875105        50     1494  SH         SOLE           1        1494      0       0
HARTFORD FNCL SV GRP INC     COM         416515104         8      200  SH         DEFINED        1         200      0       0
HASBRO, INC                              418056107         8      787  SH         DEFINED        1         787      0       0
HEALTHSOUTH CORP                         421924101       165    39850  SH         SOLE           1       26090      0   13760
HEINZ H J CO                 COM         423074103         9      273  SH         SOLE           1         273      0       0
HEWLETT PACKARD CO                       428236103       243    20882  SH         SOLE           1       19466   1416       0
HEWLETT PACKARD CO                       428236103         4      400  SH         DEFINED        1           0      0     400
HIBERNIA CORP                            428656102      6241   312400  SH         SOLE           1      311500      0     900
HIBERNIA CORP                            428656102        17      900  SH         DEFINED        1         900      0       0
HIGH INCOME OPPORTUNITY FD               42967Q105        15     2500  SH         SOLE           1        2500      0       0
HOME DEPOT                               437076102       510    19572  SH         SOLE           1       19572      0       0
HOME DEPOT                               437076102        39     1532  SH         DEFINED        1        1532      0       0
HONEYWELL INTL INC                       438516106       121     5620  SH         SOLE           1        5620      0       0
HUBBELL INC                  CL B        443510201        29     1000  SH         SOLE           1        1000      0       0
ICN PHARMACEUTICALS INC      NEW COM     448924100         4      525  SH         SOLE           1           0      0     525
ING PRIME RATE TR SH BEN                 44977W106        82    13907  SH         SOLE           1           0  13907       0
INT
ILLINOIS TOOL WORKS INC                  452308109         4       76  SH         SOLE           1          76      0       0
ILLINOIS TOOL WORKS INC                  452308109        14      250  SH         DEFINED        1         250      0       0
IMATION CORP                             45245A107         1       46  SH         SOLE           1          46      0       0
INSIGHT ENTERPRISES INC      COM         45765U103        28     2775  SH         SOLE           1           0   2775       0
INTEL CORP                   CAP         458140100       502    36143  SH         SOLE           1       36143      0       0
INTEL CORP                   CAP         458140100        66     4780  SH         DEFINED        1        3980      0     800
IBM CORP                                 459200101      1856    31844  SH         SOLE           1       30084      0    1760
IBM CORP                                 459200101        74     1275  SH         DEFINED        1         475    800       0
INTL PAPER CO                            460146103        58     1742  SH         SOLE           1        1742      0       0
INTL PAPER CO                            460146103        48     1450  SH         DEFINED        1         150   1100     200
JDS UNIPHASE CORP            COM         46612J101         0      120  SH         SOLE           1         120      0       0
J P MORGAN CHASE & CO                    46625H100        46     2432  SH         SOLE           1        2432      0       0
J P MORGAN CHASE & CO                    46625H100        35     1875  SH         DEFINED        1        1875      0       0
JEFFERSON PILOT CORPORATION              475070108         7      187  SH         SOLE           1         187      0       0
JOHNSON & JOHNSON                        478160104      2741    50686  SH         SOLE           1       49686      0    1000
JOHNSON & JOHNSON                        478160104       481     8900  SH         DEFINED        1        5000   1200    2700






                                                                                                          VOTING AUTHORITY
                             TITLE OF                 VALUE   SHRS OR  SH/  PCT/  INVESTMENT   OTHER      ----------------
      NAMES OF ISSUER         CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS   SOLE   SHARED   NONE
      ---------------         -----        -----    --------  -------  ---  ----  ----------  --------   ----   ------   ----
                                                                                       
JOHNSON CONTROLS INC.                    478366107       236     3085  SH         SOLE           1        2130      0     955
KLA TENCOR CORP                          482480100         2      100  SH         SOLE           1         100      0       0
K MART CORP                  COM         482584109         0     1000  SH         SOLE           1        1000      0       0
KELLOGG CO                               487836108         6      200  SH         SOLE           1         200      0       0
KERR-MCGEE CORPORATION INC               492386107         0        8  SH         SOLE           1           8      0       0
KIMBERLY-CLARK CORP                      494368103        11      200  SH         SOLE           1         200      0       0
KIMBERLY-CLARK CORP                      494368103        22      400  SH         DEFINED        1         400      0       0
KINDER MORGAN ENERGY                     494550106         7      232  SH         SOLE           1         232      0       0
PARTNERS, L.P.
KROGER CO                                501044101        12      908  SH         SOLE           1         908      0       0
LSI LOGIC CORP               COM         502161102         2      400  SH         SOLE           1         400      0       0
LACLEDE GROUP INC                        505597104         6      300  SH         SOLE           1         300      0       0
LACLEDE GROUP INC                        505597104        20      900  SH         DEFINED        1         900      0       0
ESTEE LAUDER CO                          518439104        17      600  SH         DEFINED        1         600      0       0
LEHMAN BROTHERS HOLDINGS     COM         524908100       330     6740  SH         SOLE           1        4605      0    2135
LEVEL 3 COMMUNICATIONS INC               52729n100        23     6037  SH         SOLE           1        6037      0       0
LEXMARK INTL                 NEW CL A    529771107       256     5460  SH         SOLE           1        3615      0    1845
THE LIBERTY CORPORATION                  530370105       103     2900  SH         SOLE           1        2900      0       0
LIFEPOINT HOSPS INC                      53219L109         2       65  SH         DEFINED        1          65      0       0
ELI LILLY & CO                           532457108       448     8100  SH         SOLE           1        8100      0       0
ELI LILLY & CO                           532457108        83     1500  SH         DEFINED        1        1500      0       0
LOUISIANA PAC CORP           COM         546347105         2      338  SH         SOLE           1         338      0       0
LOWES CO INC                             548661107       703    16985  SH         SOLE           1       12685      0    4300
LUCENT TECHNOLOGIES                      549463107        20    27233  SH         SOLE           1       26029   1004     200
LUCENT TECHNOLOGIES                      549463107         1     2200  SH         DEFINED        1        2200      0       0
M & T BANK CORP                          55261F104       157     2000  SH         SOLE           1        2000      0       0
MFS INTER INCOME TR          SH BEN INT  55273C107        42     5900  SH         SOLE           1        5900      0       0
MGNA ENTMT CORP                          559211107         0       20  SH         SOLE           1          20      0       0
MANULIFE FINANCIAL CORP                  56501r106       462    22019  SH         SOLE           1       22019      0       0
MARSH & MCLENNAN                         571748102        41     1000  SH         SOLE           1        1000      0       0
MASCO CORPORATION                        574599106         0       28  SH         SOLE           1          28      0       0
MASSEY ENERGY CORP                       576206106         2      396  SH         SOLE           1         396      0       0
MCCORMICK & co                           579780206       365    16045  SH         SOLE           1       10105      0    5940
MCDATA CORP                  CLASS A     580031201        10     1875  SH         SOLE           1           0   1875       0
MCDATA CORP                  CLASS A     580031201         0       73  SH         DEFINED        1          73      0       0
MCDONALD'S CORP                          580135101        63     3600  SH         SOLE           1        3600      0       0
MCGRAW HILL COS INC                      580645109        15      250  SH         DEFINED        1         250      0       0
MEADWESTVACO CORP                        583334107        29     1547  SH         SOLE           1        1547      0       0
MEDTRONIC INC                COM         585055106        40      960  SH         SOLE           1         960      0       0
MELLON FINL CORP                         58551A108        25     1000  SH         SOLE           1        1000      0       0
MERCK & CO INC                           589331107      1380    30210  SH         SOLE           1       30210      0       0
MERCK & CO INC                           589331107       178     3900  SH         DEFINED        1        3400      0     500
MERRILL LYNCH & CO., INC.                590188108        10      320  SH         SOLE           1         320      0       0
METLIFE INC                  COM         59156R108        84     3709  SH         SOLE           1        3709      0       0
MICROSOFT CORP                           594918104       691    15805  SH         SOLE           1       15240      0     565
MICROSOFT CORP                           594918104        17      400  SH         DEFINED        1           0      0     400
MICRON TECHNOLOGY                        595112103       112     9120  SH         SOLE           1        6675      0    2445
MID-AMERICA APARTMENT                    59522J103        24     1000  SH         DEFINED        1        1000      0       0
CMNTYS
MIDAS GROUP INC                          595626102         3      666  SH         SOLE           1         666      0       0
MILLER HERMAN INC            COM         600544100        63     3560  SH         SOLE           1        3560      0       0
MIRANT CORP                              604675108         7     3531  SH         SOLE           1        3531      0       0
MIRANT CORP                              604675108         0      143  SH         DEFINED        1         143      0       0





                                                                                                                VOTING AUTHORITY
                                    TITLE OF               VALUE   SHRS OR   SH/  PCT/ INVESTMENT   OTHER     ---------------------
       NAMES OF ISSUER               CLASS      CUSIP    [X$1000]  PRN AMT   PRN  CALL DISCRETION  MANAGERS   SOLE   SHARED    NONE
-------------------------------   ----------  ---------  --------  --------  ---  ---- ----------  --------  ------  -------   ----
                                                                                              
MISSISSIPPI CHEMICAL CORP                     605288208       1        1492  SH        SOLE           1        1492        0      0
MONSANTO CO.                      (NEW)       61166W101      31        2046  SH        SOLE           1        1961        0     85
MONSANTO CO                       (NEW)       61166W101       5         371  SH        DEFINED        1         286        0     85
MOODYS CORP                                   615369105      14         300  SH        SOLE           1         300        0      0
MORGAN STANLEY DEAN WITTER
 DISCOVER & CO                                617446448     136        4040  SH        SOLE           1        4040        0      0
MORGAN STANLEY DEAN WITTER
 DISCOVER & CO                                617446448       8         260  SH        DEFINED        1         260        0      0
MORGAN STANLEY DEAN WITTER        HI INCOME   61745P304       1        1700  SH        SOLE           1        1700        0      0
                                  ADV TR II
MOTOROLA INC                                  620076109     177       17418  SH        SOLE           1       17318        0    100
MOTOROLA INC                                  620076109      76        7466  SH        DEFINED        1        7166        0    300
MULTIMEDIA GAMES INC                          625453105       8         450  SH        SOLE           1         450        0      0
MUNICIPAL MORTGAGE & EQUITY LLC   GROWTH  SH  62624B101     101        4000  SH        SOLE           1        4000        0      0
MUNIVEST FD INC                   COM         626295109      46        5000            SOLE           1        5000        0      0
MURPHY OIL CORP                   COM         626717102    4042       49259  SH        SOLE           1       49259        0      0
MURPHY OIL CORP                   COM         626717102  190678     2323653  SH        DEFINED        1     1032683  1290970      0
MYLAN LABORATORIES INC                        628530107     435       13308  SH        SOLE           1        8993        0   4315
NBC CAP CORP                                  628729105     100        4000  SH        SOLE           1        4000        0      0
NCR CORP NEW                                  62886E108       1          64  SH        SOLE           1          64        0      0
NASDAQ 100 TRUST                              631100104       4         200  SH        SOLE           1         200        0      0
NATIONAL COMM FINL CORP                       63545P104      65        2600  SH        SOLE           1           0     2600      0
NELSON, THOMAS INC                            640376109       1         187  SH        SOLE           1         187        0      0
NICOR INC                         COM         654086107      15         550  SH        SOLE           1         550        0      0
NIKE INC                          CLASS B     654106103     415        9630  SH        SOLE           1        6600        0   3030
NOKIA CORP                        SPND ADR    654902204      31        2400  SH        SOLE           1        2400        0      0
NOBLE ENERGY INC                              655044105      33        1000  SH        SOLE           1        1000        0      0
NORFOLK SO CORP                               655844108      39        1934  SH        SOLE           1        1934        0      0
NORTEL NETWORK CORP               NEW         656568102       2        5000  SH        SOLE           1        5000        0      0
NORTHERN TRUST COMPANY NTRS                   665859104      67        1780  SH        SOLE           1        1780        0      0
NORTHERN TRUST COMPANY NTRS                   665859104     150        4000  SH        DEFINED        1        3600        0    400
NORTHWESTERN CORPORATION                      668074107       3         330  SH        SOLE           1         330        0      0
NOVELLUS SYSTEMS                              670008101     152        7340  SH        SOLE           1        4770        0   2570
NUVEEN INSD PREMIUM INCOME        MUNI FD     6706D8104       4         338            SOLE           1         338        0      0
NUVEEN MUNICIPAL MARKET OPP                   67062W103      52        3529            SOLE           1        3529        0      0
OKLAHOMA GAS & ELEC ENERGY CORP               670837103      72        4300  SH        SOLE           1        4300        0      0
OKLAHOMA GAS & ELEC ENERGY CORP               670837103      11         700  SH        DEFINED        1         700        0      0
NUVEEN MUN VALUE FD INC                       670928100      22        2300            SOLE           1        2300        0      0
NUVEEN QUALITY INCOME MUNI                    670977107       7         500  SH        SOLE           1         500        0      0
NUVEEN PREMIER MUNICIPAL INC                  670988104      24        1565  SH        SOLE           1        1565        0      0
OAKWOOD HOMES CORP                            674098207       0         200  SH        SOLE           1         200        0      0
OCCIDENTAL PETE COR DEL                       674599105      14         500  SH        SOLE           1         500        0      0
OCEAN ENERGY INC TEX                          67481E106       3         200  SH        SOLE           1         200        0      0
OFFICEMAX INC                                 67622M108       4        1000  SH        SOLE           1        1000        0      0
OLIN CORP                                     680665205       2         166  SH        DEFINED        1         166        0      0
OMNICOM GROUP                                 681919106      16         300  SH        SOLE           1         300        0      0
ORACLE SYSTEMS CORP                           68389X105      32        4110  SH        SOLE           1        4110        0      0
PPG INDUSTRIES INC                            693506107      26         600  SH        SOLE           1         600        0      0
PACTIV COPR                                   695257105      28        1747  SH        SOLE           1        1747        0      0
PALM INC                                      696642107       0         519  SH        DEFINED        1           0        0    519
PAYCHEX INC                                   704326107       3         150  SH        SOLE           1         150        0      0
PENNEY J C INC                    COM         708160106       9         582  SH        SOLE           1         582        0      0
PEOPLES ENERGY CORP               COM         711030106       6         200  SH        SOLE           1         200        0      0
PEOPLES ENERGY CORP               COM         711030106      16         500  SH        DEFINED        1         500        0      0
PEOPLES HLDG CO                   COM         711148106      14         367  SH        SOLE           1         367        0      0
PEOPLES HLDG CO                   COM         711148106      40        1000  SH        DEFINED        1        1000        0      0
PEPSIAMERICAS INC                             71343P200      56        4000  SH        SOLE           1        4000        0      0
PEPSICO INC                       COM         713448108    1347       36468  SH        SOLE           1       36353        0    115






                                                                                                                 VOTING AUTHORITY
                                   TITLE OF                  VALUE    SHRS OR  SH/  PCT/  INVESTMENT   OTHER   -------------------
    NAMES OF ISSUER                  CLASS        CUSIP    [X$1000]  PRN AMT  PRN  CALL  DISCRETION  MANAGERS  SOLE   SHARED  NONE
-------------------------------  -------------  ---------  -------   -------  ---  ----  ----------  --------  -----  ------  ----
                                                                                             
PEPSICO INC                      COM            713448108      78       2130  SH          DEFINED       1        430   1100    600
PFIZER INC                                      717081103    2496      86015  SH          SOLE          1      85830      0    185
PFIZER INC                                      717081103      89       3100  SH          DEFINED       1       2200      0    900
PHARMACIA CORP                                  71713U102     496      12776  SH          SOLE          1      12276      0    500
PHARMACIA CORP                                  71713U102      84       2180  SH          DEFINED       1       1680      0    500
PHELPS DODGE CORP                COM            717265102       0         20  SH          SOLE          1         20      0      0
PHELPS DODGE CORP                COM            717265102      12        500  SH          DEFINED       1        500      0      0
PHILIP MORRIS COS INC            COM            718154107     225       5825  SH          SOLE          1       5825      0      0
THE PHOENIX COMPANIES                           71902E109      14       1051  SH          SOLE          1       1051      0      0
PLACER DOME INC                                 725906101       1        170  SH          SOLE          1        170      0      0
PLUM CREEK TIMBER CO INC                        729251108      26       1164  SH          SOLE          1       1164      0      0
POTLATCH CORP                    COM            737628107       4        150  SH          SOLE          1        150      0      0
PRAXAIR INC                      COM            74005P104      15        300  SH          DEFINED       1        300      0      0
PRINCIPAL FINANCIAL GROUP                       74251V102      40       1542  SH          SOLE          1       1542      0      0
PROCTER & GAMBLE CO              COM            742718109    1060      11861  sh          SOLE          1      11261      0    600
PROCTER & GAMBLE CO              COM            742718109     182       2040  sh          DEFINED       1       2040      0      0
PROGRESS ENERGY INC              COM            743263105       5        132  sh          SOLE          1        132      0      0
PRUDENTIAL FINANCIAL                            744320102     127       4462  sh          SOLE          1       4462      0      0
PUBLIC STORAGE, INC REIT                        74460D109       5        180  sh          SOLE          1        180      0      0
PUTNAM HIGH INCOME CONV          BD FD          746779107       2        400  SH          SOLE          1        400      0      0
PUTNAM MANAGED MUNICIPAL         INCOME TRUST   746823103       4        500              DEFINED       1          0      0    500
QLOGIC CORP                      COM            747277101      33       1303  SH          SOLE          1        250   1053      0
QUALCOMM INC                                    747525103       5        200  SH          SOLE          1        200      0      0
QWEST COMMUNICATIONS INTL INC    COM            749121109       4       2097  SH          SOLE          1       2097      0      0
RFS HOTEL INVESTORS                             74955J108      10       1000  SH          SOLE          1          0   1000      0
RH DONNELLEY CORP                               74955W307       1         60  SH          SOLE          1         60      0      0
RALCORP HOLDINGS NEW             COM            751028101       1         66  SH          DEFINED       1          0      0     66
RAYTHEON CO NEW                                 755111507      17        600  SH          SOLE          1        600      0      0
REGIONS FNCL CORP                               758940100     701      21490  SH          SOLE          1      10740   9550   1200
REGIONS FNCL CORP                               758940100      58       1786  SH          DEFINED       1          0   1786      0
RELIANT ENERGY INC                              75952J108      40       3500  SH          SOLE          1       2700      0    800
RELIANT ENERGY INC                              75952J108      71       6201  SH          DEFINED       1       5863    300     38
REMINGTON OIL & GAS CORP         COM            759594302      22       1600  SH          SOLE          1          0   1600      0
REYNOLDS R J TOB HLDGS INC                      76182K105     191       4761  SH          SOLE          1       3181      0   1580
RIVERSTONE NETWORKS INC                         769320102       0        102  SH          SOLE          1        102      0      0
ROCKWELL INTL CORP               NEW            773903109       2        177  SH          SOLE          1        177      0      0
ROCKWELL COLLINS INC                            774341101       3        177  SH          SOLE          1        177      0      0
ROHM & HAAS CO                   COM            775371107       6        200  SH          SOLE          1        200      0      0
ROXIE INC                                       780008108       0         65  SH          SOLE          1         65      0      0
ROYAL DUTCH PETE CO              NY REG GLD1.25 780257804     312       7786  SH          SOLE          1       5791      0   1995
ROYAL DUTCH PETE CO              NY REG GLD1.25 720857804     128       3200  SH          DEFINED       1       3200      0      0
RUBY TUESDAY INC                                781182100      23       1260  SH          DEFINED       1          0      0   1260
SBC COMMUNICATIONS, INC                         78387G103    1040      51793  SH          SOLE          1      48318      0   3475
SBC COMMUNICATIONS, INC                         78387G103      15        780  SH          DEFINED       1        780      0      0
SCP POOL CORP                    COM            784028102      55       2025  SH          SOLE          1          0   2025      0
SAFECO CORP                      COM            786429100      31       1000  SH          SOLE          1       1000      0      0
ST JUDE MEDICAL                                 790849103     380      10650  SH          SOLE          1       6930      0   3720
SARA LEE CORP                    COM            803111103      14        800  SH          SOLE          1        800      0      0
SCANA CORP                       NEW            80589M102     347      13342  SH          SOLE          1       8772      0   4570
SCHERING PLOUGH CORP             COM            806605101     393      18484  SH          SOLE          1      18484      0      0
SCHERING PLOUGH CORP             COM            806605101     417      19600  SH          DEFINED       1        100  19500      0
SCHLUMBERGER LTD                 COM            806857108      59       1550  SH          SOLE          1       1350      0    200
THE CHARLES SCHWAB CORP                         808513105      13       1500  SH          SOLE          1       1500      0      0
SCRIPPS EW INC                   NEW CL A       811054204      34        500  SH          SOLE          1        500      0      0
SEARS ROEBUCK & CO               COM            812387108      74       1920  SH          SOLE          1       1920      0      0
SEARS ROEBUCK & CO               COM            812387108       6        167  SH          DEFINED       1        167      0      0
SELIGMAN SELECT MUN FD INC                      816344105      13       1250  SH          SOLE          1       1250      0      0






                                                                                                                VOTING AUTHORITY
                         TITLE OF                 VALUE     SHRS OR   SH/    PCT/   INVESTMENT     OTHER     ---------------------
    NAMES OF ISSUER       CLASS       CUSIP     [X$1000]    PRN AMT   PRN    CALL   DISCRETION    MANAGERS    SOLE    SHARED  NONE
    ---------------      --------   ---------   --------    -------   ---    ----   ----------    --------   -------  ------  ----
                                                                                             
SEMPRA ENERGY                       816851109         2         135   SH            SOLE             1           135     0      0
SERVICEMASTER COMPANY    COM        81760N109        82        7593   SH            SOLE             1          7593     0      0
SHELL TRANS & TRADING    NEW YRK    822703609        64        1800   SH            DEFINED          1          1800     0      0
PLC                      SH NEW
SHERWIN WILLIAMS CO      COM        824348106        26        1100   SH            SOLE             1          1100     0      0
SIMMONS 1ST NATL CORP    CL A $5    828730200       245        6600   SH            SOLE             1          6600     0      0
                         PAR

SIMMONS 1ST NATL CORP    CL A $5    828730200         9         250   SH            DEFINED          1           250     0      0
                         PAR

SIMON PROPERTY GROUP                828806109       236        6610   SH            SOLE             1          4260     0    2350
INC
SIRIUS SATTELITE RADIO              82966U103        10       10000   SH            SOLE             1         10000     0      0
SMUCKER J M CO                      832696405         0          15   SH            SOLE             1            15     0      0
SMUCKER J M CO                      832696405         0          12   SH            DEFINED          1            12     0      0
SMURFIT-STONE                       832727101         6         495   SH            SOLE             1           495     0      0
CONTAINER CORP

SOLUTIA INC              COM        834376105        17        3312   SH            SOLE             1          3312     0      0
SONY CORP                           835699307        41        1000   SH            DEFINED          1          1000     0      0
SOUTHERN CO              COM        842587107       536       18639   SH            SOLE             1         18639     0      0
SOUTHERN CO              COM        842587107        94        3275   SH            DEFINED          1          3275     0      0
SPRINT CORP              COM FON    852061100       510       56000   SH            SOLE             1         56000     0      0
                         GROUP

STEWART ENTERPRISES                 860370105        20        4000   SH            SOLE             1          4000     0      0
STILLWELL FINANCIAL INC             860831106         7         600   SH            SOLE             1           600     0      0
SUN LIFE FINANCIAL                  866796105       226       14305   SH            SOLE             1         14305     0      0
SUN MICROSYSTEMS                    866810104         4        1700   SH            SOLE             1          1700     0      0
SUNGARD DATA SYSTEMS                867363103       168        8650   SH            SOLE             1          8445     0     205
SUNOCO INC                          86764P109        47        1582   SH            SOLE             1          1582     0      0
SUNTRUST BANKS INC       COM        867914103        94        1545   SH            SOLE             1          1545     0      0
SWIFT TRANSN INC         COM        870756103        21        1350   SH            SOLE             1             0    1350    0
SYNOVUS FINL CORP                   87161C105        23        1125   SH            SOLE             1          1125     0      0
TECO ENERGY INC          COM        872375100        12         800   SH            SOLE             1           800     0      0
TECO ENERGY INC          COM        872375100        12         800   SH            DEFINED          1           800     0      0
TJX COMPANIES                       872540109         1         100   SH            SOLE             1           100     0      0
TXU CORP                            873168108       125        3000   SH            SOLE             1          3000     0      0
TARGET CORP                         87612E106       389       13180   SH            SOLE             1          9275     0    3905
TARGET CORP                         87612E106        11         400   SH            DEFINED          1           400     0      0
TELLABS INC DELAWARE                879664100         3         800   SH            SOLE             1           800     0      0
TELLABS INC DELAWARE                879664100         0         200   SH            DEFINED          1           200     0      0
TEMPLE INLAND INC                   879868107        15         400   SH            SOLE             1           400     0      0
TENET HEALTHCARE CORP               88033G100       338        6840   SH                             1          4520     0    2320
TENNECO AUTOMOTIVE NW               880349105         0         150   SH            SOLE             1           150     0      0
TEXAS BIOTECH                       88221T104         0         100   SH            SOLE             1           100     0      0
TEXAS INSTRUMENTS                   882508104        17        1200   SH            SOLE             1          1200     0      0
THOMAS & BETTS CORP      COM        884315102         2         200   sh            SOLE             1           200     0      0
THORNBURG MORTGAGE INC              885218107        11         600   SH            SOLE             1           600     0      0
3 COM CORP                          885535104         1         350   SH            DEFINED          1             0     0     350
3M CO                               88579Y101       172        1566   SH            SOLE             1          1566     0      0
TIFFANY & CO             NEW        886547108        47        2200   SH            SOLE             1          2200     0      0
TRAVELERS PROPERTY       CL A       89420G109         7         532   SH            SOLE             1           532     0      0
CASUALTY CORP

TRAVELERS PROPERTY       CL A       89420G109         4         350   SH            DEFINED          1           350     0      0
CASUALTY CORP
TRIAD HOSPS INC                     89579K109         2          65   SH            DEFINED          1            65     0      0
TRIANGLE                            89589H104         2        1000   SH            SOLE             1          1000     0      0
PHARMACEUTICALS INC
TRIBUNE COMPANY                     896047107        50        1200   SH            SOLE             1          1200     0      0
TRIQUINT SEMICONDUCTOR              89674K103        10        2950   SH            SOLE             1             0    2950    0
TRUSTMARK CORP           COM        898402102       629       27498   SH            SOLE             1         27498     0      0
TRUSTMARK CORP           COM        898402102        45        2000   SH            DEFINED          1          2000     0      0
TYCO INTL LTD            NEW COM    902124106         4         350   SH            SOLE             1           350     0      0
TYCO INTL LTD            NEW COM    902124106         2         200   SH            DEFINED          1           200     0      0
TYSON FOODS INC          CL A       902494103         8         750   SH            SOLE             1             0     0     750
TYSON FOODS INC          CL A       902494103       174       15000   SH            DEFINED          1         15000     0      0
USA TRUCK INC  -                    902925106       605       86498   SH            SOLE             1         86498     0      0
RESTRICTED
US BANCORP DEL           NEW        902973304        52        2822   SH            SOLE             1          2822     0      0
US UNWIRED INC                      90338R104         3        5000   SH            SOLE             1             0    5000    0
UNION PACIFIC CORP                  907818108       212        3680   SH            SOLE             1          2430     0    1250
UNION PACIFIC CORP                  907818108       228        3950   SH            DEFINED          1           150    3800    0





                                                                                                                VOTING AUTHORITY
                          TITLE OF                VALUE     SHRS OR   SH/    PCT/   INVESTMENT     OTHER     ---------------------
    NAMES OF ISSUER         CLASS     CUSIP     [X$1000]    PRN AMT   PRN    CALL   DISCRETION    MANAGERS    SOLE    SHARED  NONE
    ---------------      ---------- ---------   --------    -------   ---    ----   ----------    --------   -------  ------ ------
                                                                                            
UNION PLANTERS CORP                 908068109      1102       40164    SH           SOLE                 1     40164       0      0
UNION PLANTERS CORP      CONV PFD   908068307        49        1000    SH           SOLE                 1      1000       0      0
                         SER E 8%
UNITED AUTO GROUP INC    COM        909440109       141       10105    SH           SOLE                 1     10105       0      0
UNITED STS STL CORP      NEW        912909108         5         500    SH           SOLE                 1       500       0      0
VAN KAMPEN INCOME TR                920957107         2         450                 SOLE                 1       450       0      0
VERIZON COMMUNICATIONS              92343V104      1006       36710    SH           SOLE                 1     32835       0   3875
VERIZON COMMUNICATIONS              92343V104        83        3028    SH           DEFINED              1      2628       0    400
VIACOM INC               CLB        925524308        95        2355    SH           SOLE                 1      2305       0     50
VIACOM INC               CLB        925524308        13         325    SH           DEFINED              1       325       0      0
VISTEON CORP                        92839U107         0          89    SH           SOLE                 1        89       0      0
VODAFONE GROUP PLC       NEW        92857W100        53        4164    SH           SOLE                 1      4164       0      0
W.P. CAREY & co., LLC               92930Y107        61        2474    SH           SOLE                 1      2474       0      0
WACHOVIA CORP 2ND        NEW        929903102       361       11069    SH           SOLE                 1     11069       0      0
WACHOVIA CORP 2ND        NEW        929903102        16         500    SH           DEFINED              1       500       0      0
WAL MART STORES INC      COM        931142103      2931       59545    SH           SOLE                 1     56495       0   3050
WAL MART STORES INC      COM        931142103       230        4686    SH           DEFINED              1      1586    3000    100
WALGREEN CO              COM        931422109       150        4900    SH           SOLE                 1      4900       0      0
WASHINGTON MUTUAL INC               939322103        18         600    SH           SOLE                 1       600       0      0
WASTE MANAGEMENT INC     NEW        94106L109       309       13282    SH           SOLE                 1      7662       0   5620
WASTE MANAGEMENT INC     NEW        94106L109         0           1    SH           DEFINED              1         0       0      1
WEBMD CORP                          94769M105         5        1000    SH           DEFINED              1      1000       0      0
WEINGARTEN RLTY INVS     SH BEN INT 948741103        54        1500    SH           SOLE                 1      1500       0      0
WELLS FARGO & CO.        NEW        949746101       323        6710    SH           SOLE                 1      6600       0    110
WELLS FARGO & CO.        NEW        949746101         9         200    SH           DEFINED              1       200       0      0
WEYERHAEUSER CO          COM        962166104       166        3800    SH           SOLE                 1      3800       0      0
WHITNEY HOLDING CORP     COMMON     966612103       101        3180    SH           SOLE                 1      3180       0      0
WILLIAMS COMPANY         COMMON     969457100         5        2657    SH           SOLE                 1      2657       0      0
WORLDCOM, INC.                      98157D106        33      367147    SH           SOLE                 1    367147       0      0
WORLDCOM, INC.                      98157D106         0        1300    SH           DEFINED              1      1000       0    300
WORLDCOM INC GA NW MCI              98157D304         2       17209    SH           SOLE                 1     13687    3522      0
GROUP
WORLDCOM INC GA NW MCI              98157D304         0          40    SH           DEFINED              1        40       0      0
GROUP
WE WRIGLEY JR. COMPANY              982526105         9         200    SH           SOLE                 1       200       0      0
WYETH                               983024100       257        8090    SH           SOLE                 1      6850       0   1240
WYETH                               983024100         9         300    SH           DEFINED              1       300       0      0
XM SATELLITE                        983759101        97       25000    SH           SOLE                 1     25000       0      0
XCEL ENERGY INC                     98389B100        20        2154    SH           SOLE                 1      2154       0      0
YUM BRANDS INC                      988498101        70        2546    SH           SOLE                 1      2546       0      0
ZIMMER HLDGS INC                    98956P102         7         200    SH           DEFINED              1       200       0      0
AMSOUTH BANCORP                      32165102       284      13,724    SH           SOLE                           0       0 13,724
BANCORPSOUTH  INC                    59691003       244      12,373    SH           SOLE                           0       0 12,373
BERKSHIRE HATHAWY CLUB
DEL                      CLB         84670207        24          10    SH           SOLE                           0       0     10
BEST BUY INC                         86516101         9         400    SH           SOLE                           0       0    400
CITIGROUP INC                       172967101        65       2,250    SH           SOLE                           0       0  2,250
COCA COLA CO                        191216100        58       1,200    SH           SOLE                           0       0  1,200
DISNEY WALT CO DEL                  254687106         3         200    SH           SOLE                           0       0    200
E M C CORP MASS                     268648102         4         800    SH           SOLE                           0       0    800
EATON VANCE TAX MGD      CLASS B    277911848        31       1,982    SH           SOLE                           0       0  1,982
GENERAL ELECTRIC CO                 369604103       183       7,480    SH           SOLE                           0       0  7,480
HEWLETT-PACKARD CO       DE         428236103         4         300    SH           SOLE                           0       0    300
INTEL CORP                          458140100        58       4,000    SH           SOLE                           0       0  4,000
JOHNSON & JOHNSON                   478160104        15         274    SH           SOLE                           0       0    274
LSI LOGIC CORP                      502161102         2         300    SH           SOLE                           0       0    300
LUCENT TECH INC                     549463107         0         400    SH           SOLE                           0       0    400
MAGNA-LAB INC CL A                  559235106         0       2,000    SH           SOLE                           0       0  2,000
MCDATA CORP              CLA        580031201         0          29    SH           SOLE                           0       0     29
MICROSOFT CORP                      594918104        37         822    SH           SOLE                           0       0    822
NASDAQ 100 TR            UNIT SER 1 631100104         3         140    SH           SOLE                           0       0    140
NOKIA CORP ADR                      654902204         1         100    SH           SOLE                           0       0    100
PEOPLES HLDG CO                     711148106        60       1,439    SH           SOLE                           0       0  1,439
PHILIP MORRIS COS                   718154107         8         200    SH           SOLE                           0       0    200
PROCTER & GAMBLE CO                 742718109       152       1,720    SH           SOLE                           0       0  1,720





                                                                                                              VOTING AUTHORITY
                          TITLE OF                  VALUE     SHRS OR   SH/    PCT/   INVESTMENT   OTHER   ---------------------
    NAMES OF ISSUER        CLASS        CUSIP     [X$1000]    PRN AMT   PRN    CALL   DISCRETION  MANAGERS  SOLE    SHARED   NONE
    ---------------    -------------  ---------   --------    -------   ---    ----   ----------  -------- ------- -------  -----
                                                                                           
QWEST COMM INTL INC                   749121109        1         412     SH           SOLE                       0       0      412
RF MICRO DEVICES INC                  749941100        3         400     SH           SOLE                       0       0      400
SMUCKER J M CO NEW                    832696405        1          34     SH           SOLE                       0       0       34
SUN MICROSYSTEMS INC                  866810104        2         600     SH           SOLE                       0       0      600
TAIWAN                                874039100        4         630     SH           SOLE                       0       0      630
SEMICONDUCTOR
MANUFACTURING CO LTD
TEXAS INSTRUMENTS INC                 882508104        5         300     SH           SOLE                       0       0      300
AFFYMETRIX INC                        00826T108       10         500     SH           SOLE                       0       0      500
AGERE SYS INC          CLA            00845V100        0           4     SH           SOLE                       0       0        4
AGERE SYS INC          CLB            00845V209        0         105     SH           SOLE                       0       0      105
CISCO SYS INC                         17275R102        9         800     SH           SOLE                       0       0      800
GOLDMAN SACHS GROUP                   38141G104       10         150     SH           SOLE                       0       0      150
INC
JDS UNIPHASE CORP                     46612J101        0         200     SH           SOLE                       0       0      200
JUNIPER NETWORKS INC                  48203R104        0         100     SH           SOLE                       0       0      100
MERISTAR HOSPITALITY   CORP           58984Y103        8         847     SH           SOLE                       0       0      847
TRAVELERS PPTY CAS     CLA            89420G109        1          96     SH           SOLE                       0       0       96
TRAVELERS PPTY CAS     CLB            89420G406        3         199     SH           SOLE                       0       0      199
WORLDCOM INC GA NEW                                    0       1,095                                             0       0
                                      98157D106                          SH           SOLE                                    1,095
WORLDCOM INC GA                       98157D304        0          55     SH           SOLE                       0       0       55
(MCI GROUP)
AMDOCS LIMITED                        G02602103        2         325     SH           SOLE                       0       0      325
FLEXTRONICS INTL INC   ISIN
                       #SG9999000020  Y2573F102        4         600     SH           SOLE                       0       0      600
                                                  ------      ------                                       ------- -------  -------
    GRAND TOTALS                                  316228      59,595                                       5720795 1816387  237,902
                                                  ======      ======                                       ======= =======  =======