UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2004
Check here if Amendment [ ]; Amendment Number ___________
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BancorpSouth, Inc.
Address: One Mississippi Plaza
201 South Spring Street
Tupelo, MS 38804
Form 13F File Number: 28-10453
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the report is
authorized to submit it, that all information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists and tables are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Cathy S. Freeman
Title: Senior Vice President and Corporate Secretary
Phone: (662) 680-2084
Signature, Place, and Date of Signing:
/s/ Cathy S. Freeman Tupelo, Mississippi February 11, 2005
-------------------- ------------------- -----------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings
for this reporting manager are reported in this report and a portion
are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager: None.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 542
Form 13F Information Table Value Total: $562,332 (thousands)
LIST OF OTHER INCLUDED MANAGERS:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
------ -------------------- -----------------
1 28-10939 BancorpSouth Bank
FORM 13F INFORMATION TABLE
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- --------- --------- -------- ----- --- ---- ---------- -------- ------ ------ ----
1
ACE LIMITED G0070K103 10 253 SH SOLE 1 253 0 0
ASSURED GUARANTY G0585R106 9 465 SH SOLE 1 465 0 0
LTD-USD
INGSOLL-RAND CO CL A G4776G101 581 7240 SH SOLE 1 5420 0 1820
BERMUDA
NOBLE CORP G65422100 14 300 SH SOLE 1 300 0 0
A F L A C INC 001055102 95 2400 SH SOLE 1 2400 0 0
AGL RESOURCES, INC 001204106 36 1090 SH SOLE 1 1090 0 0
AT&T CORP COM NEW 001957505 12 680 SH SOLE 1 380 0 300
AT&T CORP COM NEW 001957505 5 297 SH DEFINED 1 49 248 0
ABBOTT LAB 002824100 499 10707 SH SOLE 1 10707 0 0
ABBOTT LAB 002824100 195 4200 SH DEFINED 1 200 4000 0
ABERDEEN ASIA-PACIFIC 003009107 27 4300 SH SOLE 1 4300 0 0
FUND
ADAMS EXPRESS CO COM 006212104 134 10249 SH SOLE 1 10249 0 0
ADAPTEC INC 00651F108 3 400 SH SOLE 1 400 0 0
ADVANCED MICRO 007903107 8 400 SH SOLE 1 400 0 0
DEVICES INC
ADVANCED MICRO 007903107 4 200 SH DEFINED 1 200 0 0
DEVICES INC
AETNA INC COM 00817Y108 12 100 SH DEFINED 1 0 0 100
AGILENT TECHNOLOGIES, 00846U101 13 559 SH SOLE 1 559 0 0
INC.
AGNICO EAGLE MINES 008474108 6 500 SH SOLE 1 500 0 0
AIR PRODS & CHEMS INC COM 009158106 13 230 SH SOLE 1 168 0 62
ALBERTSONS, INC 013104104 11 485 SH SOLE 1 0 0 485
ALCOA INC 013817101 189 6018 SH SOLE 1 3580 0 2438
ALCOA INC 013817101 6 200 SH DEFINED 1 200 0 0
ALLIANCE CAP MGMT 01855A101 84 2000 SH DEFINED 1 2000 0 0
HLDG L P
ALLIED CAP CORP COM NEW 01903Q108 8 315 SH SOLE 1 315 0 0
ALLSTATE CORP COMMON 020002101 655 12670 SH SOLE 1 8815 0 3855
ALLSTATE CORP COMMON 020002101 16 310 SH DEFINED 1 310 0 0
ALLTEL CORP 020039103 247 4210 SH SOLE 1 3990 0 220
ALLTEL CORP 020039103 593 10100 SH DEFINED 1 10100 0 0
ALTRIA GROUP INC 02209S103 1040 17033 SH SOLE 1 13190 0 3843
AMBAC FINANCIAL GROUP 023139108 4 50 SH SOLE 1 50 0 0
AMERICAN ELECTRIC 025537101 154 4500 SH SOLE 1 1000 0 3500
POWER
AMER EXPRESS CO 025816109 157 2800 SH SOLE 1 2800 0 0
AMERICAN 026874107 562 8562 SH SOLE 1 5060 0 3502
INTERNATIONAL GROUP,
INC
AMERICAN 026874107 11 175 SH DEFINED 1 175 0 0
INTERNATIONAL GROUP,
INC
AMGEN INC 031162100 39 611 SH SOLE 1 611 0 0
AMGEN INC 031162100 12 200 SH DEFINED 1 200 0 0
AMSOUTH 032165102 1066 41202 SH SOLE 1 41202 0 0
BANCORPORATION
ANADARKO PETE CORP 032511107 94 1464 SH DEFINED 1 0 1464 0
ANHEUSER-BUSCH 035229103 634 12507 SH SOLE 1 11707 0 800
COMPANIES
ANHEUSER-BUSCH 035229103 182 3600 SH DEFINED 1 3600 0 0
COMPANIES
ANNALY MTG MGMT 035710409 20 1060 SH SOLE 1 1060 0 0
ANWORTH MTG ASSET COMMON 037347101 21 2015 SH SOLE 1 2015 0 0
CORP
APPLE COMP INC 037833100 206 3200 SH DEFINED 1 3200 0 0
APPLERA CORP CELERA COM 038020202 6 500 SH SOLE 1 500 0 0
GENOMICS GRP
APPLIED MATERIALS INC 038222105 109 6431 SH SOLE 1 6431 0 0
ARCH COAL, INC 039380100 4 130 SH SOLE 1 130 0 0
ARCHER-DANIELS-MIDLAND 039483102 6 279 SH SOLE 1 279 0 0
COMPANY
ARVINMERITOR 043353101 0 44 SH SOLE 1 44 0 0
ASTORIA FINANCIAL 046265104 4 105 SH SOLE 1 105 0 0
CORP
AUTO DATA PROCESS 053015103 219 4950 SH SOLE 1 4950 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- --------- --------- -------- ----- --- ---- ---------- -------- ------ ------ ----
AUTO DATA PROCESS 053015103 97 2200 SH DEFINED 1 2200 0 0
AUTOZONE 053332102 18 200 SH SOLE 1 200 0 0
AUTOZONE 053332102 43 480 SH DEFINED 1 480 0 0
AVAYA INC 053499109 2 172 SH SOLE 1 172 0 0
AVON PRODUCTS INC COM 054303102 54 1400 SH SOLE 1 1400 0 0
AXA-UAP ADR 054536107 5 236 SH SOLE 1 236 0 0
BP AMOCO PLC SPONSORED 055622104 490 8397 SH SOLE 1 8322 0 75
ADR
BP AMOCO PLC SPONSORED 055622104 222 3810 SH DEFINED 1 3810 0 0
ADR
BMC SOFTWARE 055921100 8 482 SH SOLE 1 482 0 0
BALDOR ELEC CO COM 057741100 39173 1423467 SH DEFINED 1 423467 0 0
BANCORPSOUTH INC 059692103 22665 930430 SH SOLE 1 929430 0 1000
BANCORPSOUTH INC 059692103 2977 122244 SH DEFINED 1 119315 2592 337
BANK OF AMERICA CORP NEW COM 060505104 885 18852 SH SOLE 1 13698 0 5154
BANK OF AMERICA CORP NEW COM 060505104 28 600 SH DEFINED 1 600 0 0
BANK OF THE OZARKS, 063904106 3136 92200 SH DEFINED 1 92200 0 0
INC
BANK OF NEW YORK 064057102 166 4970 SH SOLE 1 2850 0 2120
BAXTER INTL INC 071813109 69 2000 SH SOLE 1 2000 0 0
BEAR STEARNS COS INC 073902108 118 1157 SH SOLE 1 1157 0 0
BED BATH & BEYOND 075896100 7 200 SH SOLE 1 200 0 0
BELLSOUTH CORP 079860102 707 25449 SH SOLE 1 21586 0 3863
BELLSOUTH CORP 079860102 74 2696 SH DEFINED 1 400 2296 0
BERKSHIRE HATHAWAY 084670108 87 1 SH SOLE 1 1 0 0
"A"
BERKSHIRE HATHAWAY CL B 084670207 8 3 SH DEFINED 1 3 0 0
INC DEL
BLACKROCK INVT 09247D105 44 3000 SH SOLE 1 3000 0 0
QUALITY MUNI TR INC
MF BLACKROCK INCOME 17 2400 SH SOLE 1 2400 0 0
TRUST 09247F100
BLOCK H & R INC COM 093671105 2 60 SH SOLE 1 0 0 60
BOEING INC 097023105 56 1100 SH SOLE 1 500 0 600
BOSTON PROPERTIES INC 101121101 13 210 SH SOLE 1 0 0 210
BRINKER INTL INC 109641100 8 250 SH SOLE 1 250 0 0
BRISTOL MYERS SQUIBB 110122108 402 15730 SH SOLE 1 15730 0 0
CO
BRISTOL MYERS SQUIBB 110122108 51 2000 SH DEFINED 1 2000 0 0
CO
BROOKLINE BANCORP INC 11373M107 4 265 SH SOLE 1 265 0 0
BURLINGTON 12189T104 1 30 SH SOLE 1 0 0 30
NORTHERN/SANTA FE CORP
CBRL GROUP INC COM 12489V106 38 915 SH SOLE 1 915 0 0
CIGNA CORPORATION 125509109 9 120 SH SOLE 1 120 0 0
CLECO CORP COM 12561W105 4 230 SH SOLE 1 230 0 0
CSK AUTO CORP 125965103 6 370 SH SOLE 1 370 0 0
CNET NETWORKS INC 12613R104 1 118 SH SOLE 1 118 0 0
CVS CORP DELAWARE 126650100 7 165 SH SOLE 1 165 0 0
CADBURY SCHWEPPES PLC ADR 127209302 45 1200 SH SOLE 1 1200 0 0
CALLAWAY GOLF CO 131193104 2 200 SH SOLE 1 0 0 200
CAMPBELL SOUP CO COM 134429109 11 400 SH SOLE 1 400 0 0
CAPITAL ONE FINL CORP COM 14040H105 218 2600 SH SOLE 1 2600 0 0
CARAUSTAR INDUSTRIES, 4 293 SH SOLE 1 293 0 0
INC 140909102
CARDINAL HEALTH INC COM 14149Y108 11 200 SH SOLE 1 200 0 0
CARNIVAL CORP 143658300 11 193 SH SOLE 1 193 0 0
CATERPILLAR INC 149123101 9 100 SH SOLE 1 100 0 0
CENDANT CORP COM 151313103 5 226 SH SOLE 1 0 0 226
CENTERPOINT ENERGY 15189T107 5 500 SH SOLE 1 0 0 500
INC
CENTRAL GARDEN & PET, 153527106 6 152 SH SOLE 1 152 0 0
INC
CENTURYTEL, INC 156700106 70 2000 SH SOLE 1 2000 0 0
CHEVRONTEXACO CORP 166764100 721 13734 SH SOLE 1 11766 0 1968
CHEVRONTEXACO CORP 166764100 139 2654 SH DEFINED 1 2654 0 0
CINERGY 172474108 3 75 SH SOLE 1 75 0 0
CISCO SYS INC 17275R102 584 30267 SH SOLE 1 23982 1650 4635
SHRS OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- -------- --------- -------- ------- --- ---- ---------- -------- ------ ------ -----
CISCO SYS INC 17275R102 19 1000 SH DEFINED 1 1000 0 0
CITIGROUP, INC 172967101 1000 20771 SH SOLE 1 15997 0 4774
CITIGROUP, INC 172967101 381 7917 SH DEFINED 1 7917 0 0
CITIZENS HOLDING 174715102 3259 158987 SH SOLE 1 158987 0 0
COMPANY
CLEAR CHANNEL 184502102 3 100 SH SOLE 1 100 0 0
COMMUNICATIONS
COCA COLA BOTTLING CO COM 191098102 3 55 SH SOLE 1 55 0 0
CONS
COCA COLA CO 191216100 863 20738 SH SOLE 1 16218 0 4520
COCA COLA CO 191216100 258 6200 SH DEFINED 1 5800 0 400
COCA COLA ENTERPRISES COM 191219104 52 2500 SH SOLE 1 2500 0 0
INC
COEUR D/ALEND MINES COM 192108108 22 5750 SH SOLE 1 5750 0 0
CORP IDAHO
COLGATE-PALMOLIVE CO 194162103 189 3712 SH SOLE 1 3712 0 0
COLGATE-PALMOLIVE CO 194162103 10 200 SH DEFINED 1 200 0 0
COMCAST CORP CL A COM 20030N101 10 325 SH SOLE 1 325 0 0
NEW
COMCAST CORP CL A COM 20030N101 13 401 SH DEFINED 1 0 401 0
NEW
COMPUTER SCIENCES COMMON 205363104 5 99 SH DEFINED 1 0 0 99
CORPORATION
CONAGRA FOODS INC COM 205887102 25 870 SH SOLE 1 500 0 370
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 1 176 0 0
CONN'S INC 208242107 13 800 SH DEFINED 1 800 0 0
CONOCO PHILLIPS 20825C104 519 5988 SH SOLE 1 4336 0 1652
CONSECO INC NEW 208464883 9 455 SH SOLE 1 455 0 0
CONSOLIDATED EDISON COM 209115104 35 800 SH SOLE 1 800 0 0
INC
COOPER TIRE & RUBBER 216831107 348 16158 SH SOLE 1 15158 0 1000
CO
COOPER TIRE & RUBBER 216831107 2 100 SH DEFINED 1 100 0 0
CO
CORINTHIAN COLLEGES 218868107 4 225 SH SOLE 1 225 0 0
INC
COSTCO WHOLESALE CORP 22160K105 21 445 SH SOLE 1 445 0 0
CREDIT SUISSE GROUP ADR 225401108 5 134 SH SOLE 1 134 0 0
CRESCENT REAL ESTATE COM 225756105 3 200 SH SOLE 1 200 0 0
EQUITIE
CROSS COUNTRY 227483104 5 298 SH SOLE 1 298 0 0
HEALTHCARE, INC
DNP SELECT INCOME FD 23325P104 13 1100 SH SOLE 1 1100 0 0
INC
DTE ENERGY CO 233331107 11 270 SH SOLE 1 0 0 270
DEBT STRATEGIES FD 24276Q109 13 1950 SH SOLE 1 1950 0 0
INC
DEERE & CO 244199105 111 1500 SH SOLE 1 1500 0 0
DELL INC 24702R101 935 22205 SH SOLE 1 17095 0 5110
DELPHI AUTO SYSTEMS 247126105 2 250 SH SOLE 1 250 0 0
DELTA & PINE LD CO COM 247357106 7 259 SH SOLE 1 259 0 0
DELTIC TIMBER INC 247850100 268 6324 SH SOLE 1 6324 0 0
DELTIC TIMBER INC 247850100 27400 645471 SH DEFINED 1 242423 403048 0
DELUXE CORP 248019101 10 285 SH SOLE 1 0 0 285
DIAGEO P L C SPON ADR 25243Q205 4 75 SH SOLE 1 75 0 0
NEW
DIAMONDCLUSTER INTL COM 25278P106 2 200 SH SOLE 1 200 0 0
INC
DIRECTTV GROUP INC 25459L106 4 258 SH SOLE 1 258 0 0
WALT DISNEY CO 254687106 515 18540 SH SOLE 1 11586 0 6954
DOMINION RES INC VA NEW 25746U109 1 25 SH SOLE 1 25 0 0
DOW CHEMICAL CO 260543103 138 2805 SH SOLE 1 2550 0 255
DOW CHEMICAL CO 260543103 23 483 SH DEFINED 1 483 0 0
DREYFUS STRATEGIC 261932107 0 9 SOLE 1 9 0 0
MUNICIPALS INC
DU PONT EI D NEMOURS 263534109 215 4395 SH SOLE 1 2690 0 1705
& CO
DUKE ENERGY CORP COM 264399106 43 1716 SH SOLE 1 1716 0 0
DUKE REALTY CORP 264411505 11 345 SH SOLE 1 0 0 345
E-LOAN INC 26861P107 3 1000 SH SOLE 1 1000 0 0
EMC CORP 268648102 66 4500 SH SOLE 1 4150 350 0
EMC CORP 268648102 56 3800 SH DEFINED 1 3800 0 0
ENI S P A SPONSORED ADR 26874R108 13 105 SH SOLE 1 0 0 105
E TRADE FINANCIAL CORP 269246104 59 4000 SH SOLE 1 4000 0 0
SHRS OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- -------- --------- -------- ------- --- ---- ---------- -------- ------ ------ -----
EAGLE HOSPITALITY 26959T102 3 330 SH SOLE 1 330 0 0
PROPERTIES
EASTGROUP PROPERTIES 277276101 15 400 SH SOLE 1 400 0 0
INC
EASTMAN KODAK CO 277461109 32 1000 SH SOLE 1 1000 0 0
EATON CORP COM 278058102 543 7505 SH SOLE 1 2960 0 4545
EBAY INC 278642103 27 233 SH SOLE 1 233 0 0
ECHOSTAR COMMUN 278762109 13 400 SH SOLE 1 400 0 0
EDWARDS LIFESCIENCES 28176E108 9 240 SH SOLE 1 240 0 0
CORP
EL PASO CORPORATION 28336L109 1 166 SH SOLE 1 166 0 0
ELAN CORP PLC ADR 284131208 2 100 SH SOLE 1 100 0 0
EMERSON ELECTRIC CO 291011104 98 1400 SH SOLE 1 1400 0 0
ENCORE WIRE CORP COM 292562105 425 31948 SH SOLE 1 1348 0 30600
ENEL SOCIETA PER ADR 29265W108 6 133 SH SOLE 1 133 0 0
ARZION
ENERPLUS RESOURCE FD 29274D604 50 1400 SH SOLE 1 1400 0 0
ENTERGY CORP 29364G103 322 4778 SH SOLE 1 1778 0 3000
ENTERGY CORP 29364G103 40 593 SH DEFINED 1 593 0 0
EQUITY INNS, INC 294703103 17 1500 SH DEFINED 1 1500 0 0
EQUITY RESIDENTIAL SBI 29476L107 15 436 SH SOLE 1 436 0 0
PPTYS
EXELON CORP 30161N101 26 600 SH DEFINED 1 600 0 0
EXPEDITORS INTL WASH COM 302130109 21 381 SH SOLE 1 381 0 0
INC
EXXON MOBIL CORP 30231G102 5746 112132 SH SOLE 1 106829 0 5303
EXXON MOBIL CORP 30231G102 1364 26626 SH DEFINED 1 17226 8600 800
FPL GROUP INC 302571104 6 85 SH SOLE 1 0 0 85
FNMA COM 313586109 35 494 SH SOLE 1 300 0 194
FEDEX CORPORATION 31428X106 108 1100 SH SOLE 1 1100 0 0
FIRST HORIZON 320517105 16 382 SH SOLE 1 382 0 0
NATIONAL
FIRST INDL RLTY TR 32054K103 18 450 SH SOLE 1 450 0 0
INC
FIRST M & F CORP 320744105 43 1293 SH SOLE 1 1293 0 0
FIRSTMERIT CORP 337915102 229 8069 SH SOLE 1 8069 0 0
FIRST ENERGY CORP COMMON 337932107 181 4600 SH SOLE 1 4600 0 0
FORD MOTOR COMPANY COMMON 345370860 20 1430 SH SOLE 1 660 0 770
FORD MOTOR COMPANY COMMON 345370860 10 700 SH DEFINED 1 700 0 0
FOREST LABS 345838106 11 266 SH SOLE 1 266 0 0
FORRESTER RESEARCH 346563109 4 260 SH SOLE 1 260 0 0
INC
40/86 STRATEGIC 349739102 9 866 SH SOLE 1 866 0 0
INCOME FUND
FOX ENTERTAINMENT 35138T107 20 672 SH SOLE 1 672 0 0
GROUP INC
FREESCALE 35687M206 6 369 SH SOLE 1 343 0 26
SEMICONDUCTOR
FREESCALE 35687M206 0 33 SH DEFINED 1 33 0 0
SEMICONDUCTOR
FUELCELL ENERGY INC COM 35952H106 1 200 SH SOLE 1 200 0 0
FULTON FINANCIAL 360271100 6 260 SH SOLE 1 260 0 0
CORP - PA
GAP INC COM DEL 364760108 34 1641 SH SOLE 1 1500 0 141
GENERAL ELECTRIC CO 369604103 2577 70611 SH SOLE 1 69788 0 823
GENERAL ELECTRIC CO 369604103 306 8400 SH DEFINED 1 8400 0 0
GENERAL MLS INC COM 370334104 15 320 SH SOLE 1 320 0 0
GEN MTR CORP 370442105 44 1100 SH SOLE 1 540 0 560
GILLETTE CO 375766102 330 7386 SH SOLE 1 5071 0 2315
GILLETTE CO 375766102 149 3335 SH DEFINED 1 3335 0 0
GLAXOSMITHKLINE PLC ADR 37733W105 43 923 SH SOLE 1 548 0 375
GOLDMAN SACHS GROUP 38141G104 14 140 SH SOLE 1 68 0 72
GOODYEAR TIRE & 382550101 7 526 SH SOLE 1 526 0 0
RUBBER
GREAT LAKES CHEM CORP COM 390568103 50 1785 SH DEFINED 1 1785 0 0
GUIDANT CORP COM 401698105 376 5220 SH SOLE 1 3840 0 1380
HCA INC. 404119109 19 492 SH SOLE 1 492 0 0
SHRS OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- -------- --------- -------- ------- --- ---- ---------- -------- ------ ------ -----
HCC INSURANCE 404132102 5 155 SH SOLE 1 155 0 0
HOLDINGS, INC
HRPT PROPERTIES TRST COM SBI 40426W101 36 2830 SH SOLE 1 2830 0 0
HALLIBURTON CO COM 406216101 412 10513 SH SOLE 1 6075 0 4438
HANCOCK FABRICS 409900107 16 1600 SH SOLE 1 1600 0 0
HANCOCK HLDG CO CAP 410120109 75 2250 SH SOLE 1 2250 0 0
VALUE
CEF HANCOCK JOHN PFD 41013X106 10 400 SH SOLE 1 400 0 0
HARLEY DAVIDSON INC COM 412822108 30 507 SH SOLE 1 507 0 0
HARRIS CORP 413875105 86 1400 SH SOLE 1 1400 0 0
HARTFORD FNCL SV GRP COM 416515104 7 111 SH SOLE 1 0 0 111
INC
HASBRO, INC 418056107 15 787 SH DEFINED 1 787 0 0
HAWAIIAN ELEC INDS 419870100 32 1130 SH DEFINED 1 1130 0 0
INC
HEADWATERS INC 42210P102 5 185 SH SOLE 1 185 0 0
HEINZ H J CO COM 423074103 10 273 SH SOLE 1 273 0 0
HEWLETT PACKARD CO 428236103 787 37578 SH SOLE 1 25169 0 12409
HEWLETT PACKARD CO 428236103 8 400 SH DEFINED 1 400 0 0
HIBERNIA CORP 428656102 8239 279300 SH SOLE 1 277400 0 1900
HIBERNIA CORP 428656102 26 900 SH DEFINED 1 900 0 0
HIGH INCOME 42967Q105 16 2500 SH SOLE 1 2500 0 0
OPPORTUNITY FD
HILB ROGAL & HOBBS 431294107 3 102 SH SOLE 1 102 0 0
COMPANY
HOME DEPOT 437076102 1091 25552 SH SOLE 1 20579 0 4973
HOME DEPOT 437076102 65 1532 SH DEFINED 1 1532 0 0
HOMESTORE INC COM 437852106 0 180 SH SOLE 1 180 0 0
HONEYWELL INTL INC 438516106 24 704 SH SOLE 1 704 0 0
HOSPIRA, INC 441060100 15 450 SH DEFINED 1 50 400 0
HUBBELL INC CL B 443510201 52 1000 SH SOLE 1 0 0 1000
HUMANA INC 444859102 17 583 SH SOLE 1 583 0 0
ING PRIME RATE TR SH 44977W106 51 6907 SH SOLE 1 6907 0 0
BEN INT
ILLINOIS TOOL WORKS 452308109 13 148 SH SOLE 1 148 0 0
INC
IMATION CORP 45245A107 4 145 SH SOLE 1 145 0 0
IMPERIAL TOBACCO PLC ADR 453142101 4 90 SH SOLE 1 90 0 0
SPON
ING GROEP NV 456837103 14 474 SH SOLE 1 474 0 0
INPUT/OUTPUT INC 457652105 5 590 SH SOLE 1 590 0 0
INSITUFORM CL A 457667103 11 500 SH SOLE 1 500 0 0
TECHNOLOGIES INC
INTEL CORP CAP 458140100 1279 54727 SH SOLE 1 40512 0 14215
INTEL CORP CAP 458140100 88 3780 SH DEFINED 1 3780 0 0
IBM CORP 459200101 1353 13726 SH SOLE 1 9754 0 3972
IBM CORP 459200101 414 4203 SH DEFINED 1 4203 0 0
INTL PAPER CO 460146103 321 7662 SH SOLE 1 4481 0 3181
INTL PAPER CO 460146103 37 900 SH DEFINED 1 0 900 0
IONICS, INC 462218108 5 125 SH SOLE 1 125 0 0
I SHARES S& P 464287408 56 900 SH SOLE 1 900 0 0
500/BARRA VALUE
ITRON INC 465741106 6 290 SH SOLE 1 290 0 0
JDS UNIPHASE CORP COM 46612J101 0 120 SH SOLE 1 120 0 0
JPMORGAN CHASE & CO COM 46625H100 745 19104 SH SOLE 1 13046 0 6058
JPMORGAN CHASE & CO COM 46625H100 134 3456 SH DEFINED 1 1500 1956 0
JACOBS ENGINEERING 469814107 9 197 SH SOLE 1 197 0 0
GROUP INC
JEFFERSON PILOT 475070108 11 230 SH SOLE 1 0 0 230
CORPORATION
JOHNSON & JOHNSON 478160104 2328 36720 SH SOLE 1 34487 0 2233
JOHNSON & JOHNSON 478160104 600 9475 SH DEFINED 1 7000 1200 1275
JOHNSON CONTROLS INC 478366107 281 4443 SH SOLE 1 2750 0 1693
KFX INC 48245L107 2 159 SH SOLE 1 159 0 0
KLA TENCOR CORP 482480100 4 100 SH SOLE 1 100 0 0
K2 INC 482732104 5 315 SH SOLE 1 315 0 0
KERR-MCGEE 492386107 12 210 SH SOLE 1 0 0 210
CORPORATION INC
KEYCORP NEW 493267108 25 755 SH SOLE 1 0 0 755
KEYSPAN CORP COM 49337W100 11 285 SH SOLE 1 0 0 285
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER -----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------------- --------- --------- -------- ----- --- ---- ---------- -------- ----- ------ ----
KIMBERLY-CLARK
CORP 494368103 17 265 SH SOLE 1 100 0 165
KIMBERLY-CLARK 494368103 16 250 SH DEFINED 1 250 0 0
CORP
KINDER MORGAN 494550106 10 232 SH SOLE 1 232 0 0
ENERGY PARTNERS,
L.P
KONINKLIJKE PHLPS ADR NEW 500472303 3 147 SH SOLE 1 0 0 147
ELECTRS N V SP
LAFARGE SPONSORED ADR 505861401 2 110 SH SOLE 1 110 0 0
ESTEE LAUDER CO 518439104 27 600 SH DEFINED 1 600 0 0
LEHMAN BROTHERS COM 524908100 276 3160 SH SOLE 1 1810 0 1350
HOLDINGS
LEVEL 3 52729N100 20 6037 SH SOLE 1 6037 0 0
COMMUNICATIONS INC
LEXMARK INTL NEW CL A 529771107 19 233 SH SOLE 1 233 0 0
THE LIBERTY 530370105 83 1900 SH SOLE 1 1900 0 0
CORPORATION
ELI LILLY & CO 532457108 261 4600 SH SOLE 1 4600 0 0
ELI LILLY & CO 532457108 85 1500 SH DEFINED 1 1500 0 0
LIMITED BRANDS, INC 532716107 20 876 SH SOLE 1 351 0 525
LINCOLN NATIONAL CORP IND 534187109 12 265 SH SOLE 1 0 0 265
LOCKHEED MARTIN CORP 539830109 5 100 SH SOLE 1 100 0 0
LOWES CO INC 548661107 284 4944 SH SOLE 1 4944 0 0
LUCENT TECHNOLOGIES 549463107 18 5058 SH SOLE 1 4158 0 900
LUCENT TECHNOLOGIES 549463107 3 1000 SH DEFINED 1 1000 0 0
M & T BANK CORP 55261F104 215 2000 SH SOLE 1 2000 0 0
MBNA CORP 55262L100 4 146 SH SOLE 1 0 0 146
MFS INTER INCOME TR 55273C107 6 1000 SH SOLE 1 1000 0 0
SH BEN INT
MAGELLAN MIDSTREAM 559080106 11 200 SH SOLE 1 200 0 0
PARTNERS LP
MANULIFE FINANCIAL 56501R106 1764 38186 SH SOLE 1 38186 0 0
CORP
MARATHON OIL CORP 565849106 10 280 SH SOLE 1 0 0 280
MASCO CORPORATION 574599106 250 6846 SH SOLE 1 3715 0 3131
MATTELL INC 577081102 9 509 SH SOLE 1 509 0 0
MAXIM INTEGRATED 57772K101 15 356 SH SOLE 1 356 0 0
PRODUCTS INC
MAY DEPARTMENT STORES 577778103 22 775 SH SOLE 1 0 0 775
CO
MCDATA CORP CLASS A 580031201 0 73 SH DEFINED 1 73 0 0
MCDONALD'S CORP 580135101 580 18117 SH SOLE 1 11427 0 6690
MCKESSON CORP 58155Q103 221 7055 SH SOLE 1 4165 0 2890
MEADWESTVACO CORP 583334107 52 1547 SH SOLE 1 1547 0 0
MEDCO HEALTH 58405U102 15 361 SH SOLE 1 361 0 0
SOLUTIONS INC
MEDICAL ACTION 58449L100 1 100 SH SOLE 1 0 0 100
INDUSTRIES INC
MEDIMMUNE INC COM 584699102 283 10445 SH SOLE 1 6080 0 4365
MEDTRONIC INC COM 585055106 17 360 SH SOLE 1 360 0 0
MELLON FINL CORP 58551A108 32 1032 SH SOLE 1 800 0 232
MERCK & CO INC 589331107 206 6442 SH SOLE 1 5762 0 680
MERISTAR HOSPITALITY 58984Y103 5 625 SH SOLE 1 625 0 0
CORP
MERRILL LYNCH & CO, 590188108 19 320 SH SOLE 1 320 0 0
INC
METLIFE INC COM 59156R108 56 1385 SH SOLE 1 1385 0 0
MICROSOFT CORP 594918104 648 24288 SH SOLE 1 23141 0 1147
MICROSOFT CORP 594918104 21 800 SH DEFINED 1 800 0 0
MID-AMERICA APARTMENT 59522J103 41 1000 SH DEFINED 1 1000 0 0
CMNTYS
MIDAS GROUP INC 595626102 13 666 SH SOLE 1 666 0 0
MILLER HERMAN INC COM 600544100 33 1215 SH SOLE 1 1215 0 0
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MITSUBISHI TOKYO FNCL ADR 606816106 4 475 SH SOLE 1 475 0 0
GROUP INC SPND
MONEYGRAM 60935Y109 7 348 SH SOLE 1 348 0 0
INTERNATIONAL INC
MONSANTO CO. (NEW) 61166W101 10 187 SH SOLE 1 187 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER -----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------- ---------- --------- -------- ------- --- ---- ---------- -------- ------- ------- -----
MOODYS CORP 615369105 52 602 SH SOLE 1 602 0 0
MORGAN STANLEY DEAN 617446448 438 7894 SH SOLE 1 5698 0 2196
WITTER DISCOVER & CO
MORGAN STANLEY DEAN 617446448 14 260 SH DEFINED 1 260 0 0
WITTER DISCOVER & CO
THE MOSIAIC COMPANY COMMON 61945A107 0 15 SH SOLE 1 15 0 0
STOCK
MOTOROLA INC 620076109 57 3368 SH SOLE 1 3128 0 240
MOTOROLA INC 620076109 5 300 SH DEFINED 1 300 0 0
MUNICIPAL MORTGAGE & 62624B101 108 4000 SH SOLE 1 4000 0 0
EQUITY LLC - GROWTH SH
MUNIVEST FD INC COM 626295109 47 5000 SOLE 1 5000 0 0
MUNIYIELD INSURED 62630E107 106 7500 DEFINED 1 7500 0 0
MURPHY OIL CORP COM 626717102 5769 71713 SH SOLE 1 71713 0 0
MURPHY OIL CORP COM 626717102 374117 4650306 SH DEFINED 1 2068366 2581940 0
MYLAN LABORATORIES 628530107 33 1908 SH SOLE 1 1908 0 0
INC
NBC CAP CORP 628729105 128 4833 SH SOLE 1 4833 0 0
NASDAQ 100 TRUST 631100104 7 200 SH SOLE 1 200 0 0
NEIGHBORCARE INC 64015Y104 1 35 SH SOLE 1 0 0 35
NET BANK INC 640933107 5 510 SH SOLE 1 510 0 0
NEWPARK RESOURCES, 651718504 0 8 SH SOLE 1 8 0 0
INC
NEWS CORP CL B NEW 65248E203 3 200 SH SOLE 1 0 0 200
NIKE INC CLASS B 654106103 63 700 SH SOLE 1 700 0 0
NIPPON TEL & TEL SPON ADR 654624105 3 155 SH SOLE 1 155 0 0
NISOURCE INC 65473P105 3 150 SH SOLE 1 0 0 150
NOKIA CORP SPND ADR 654902204 17 1100 SH SOLE 1 1100 0 0
NOBLE ENERGY INC 655044105 30 500 SH SOLE 1 500 0 0
NOMURA HOLDINGS INC ADR 65535H208 3 270 SH SOLE 1 270 0 0
NORFOLK SO CORP 655844108 51 1434 SH SOLE 1 1434 0 0
NORTEL NETWORK CORP NEW 656568102 17 5000 SH SOLE 1 5000 0 0
NORTHERN TRUST COMPANY NTRS 665859104 86 1780 SH SOLE 1 1780 0 0
NORTHERN TRUST COMPANY NTRS 665859104 174 3600 SH DEFINED 1 3600 0 0
NORTHRUP GRUMMAN 666807102 3 66 SH SOLE 1 0 0 66
NOVARTIS AG SPONSORED 66987V109 1 30 SH SOLE 1 30 0 0
ADR
NUVEEN INSD PREMIUM MUNI FD 6706D8104 4 338 SOLE 1 338 0 0
INCOME
NUVEEN PREMIUM INCOME FUND 4 6706K4105 24 2000 DEFINED 1 2000 0 0
MUN
NUVEEN QUALITY PFD 67071S101 8 602 SH SOLE 1 602 0 0
INCOME FD
NUVEEN QUALITY PFD 67072C105 4 301 SH SOLE 1 301 0 0
INCOME FD
OKLAHOMA GAS & ELEC CORP 670837103 26 1000 SH SOLE 1 1000 0 0
ENERGY
NUVEEN QUALITY INCOME 670977107 7 500 SH SOLE 1 500 0 0
MUNI
NUVEEN PREMIER INCOME 670987106 14 1000 DEFINED 1 1000 0 0
INSURED MUN FUND INC
NUVEEN PREMIER 670988104 21 1565 SH SOLE 1 1565 0 0
MUNICIPAL INC
OCCIDENTAL PETE COR 674599105 40 700 SH SOLE 1 500 0 200
DEL
OCWEN FINANCIAL CORP 675746101 6 697 SH SOLE 1 697 0 0
OHIO CASUALTY CORP 677240103 5 225 SH SOLE 1 225 0 0
OLIN CORP 680665205 3 166 SH DEFINED 1 166 0 0
OMNICOM GROUP 681919106 16 200 SH SOLE 1 200 0 0
ORACLE SYSTEMS CORP 68389X105 223 16265 SH SOLE 1 9460 0 6805
PPG INDUSTRIES INC 693506107 44 659 SH SOLE 1 600 0 59
PACIFIC CAPITAL 69404P101 3 101 SH SOLE 1 101 0 0
BANCORP
PACTIV COPR 695257105 32 1285 SH SOLE 1 1285 0 0
PAR PHARMACEUTICAL 69888P106 7 170 SH SOLE 1 170 0 0
COMPANIES INC
PARKWAY PROPERTIES INC 70159Q104 10 200 SH SOLE 1 200 0 0
PAYCHEX INC 704326107 5 150 SH SOLE 1 150 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ----------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------- ---------- --------- -------- ------- --- ---- ---------- -------- ------- ------- ----
PCCW LTD SONSORED ADR 70454G207 3 494 SH DEFINED 1 494 0 0
PEOPLES ENERGY CORP COM 711030106 21 500 SH DEFINED 1 500 0 0
PEOPLES HLDG CO COM 711148106 43 1300 SH SOLE 1 1300 0 0
PEPSIAMERICAS INC 71343P200 84 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1344 25751 SH SOLE 1 25471 0 280
PEPSICO INC COM 713448108 111 2130 SH DEFINED 1 1030 1100 0
PFIZER INC 717081103 1225 45601 SH SOLE 1 44486 0 1115
PFIZER INC 717081103 112 4185 SH DEFINED 1 3485 700 0
THE PHOENIX COMPANIES 71902E109 13 1051 SH SOLE 1 1051 0 0
PILGRIMS PRIDE CORP COM 721467108 17 578 SH SOLE 1 578 0 0
PINNACLE WEST CAP CORP 723484101 363 8180 SH SOLE 1 4635 0 3545
PITNEY BOWES INC COM 724479100 6 139 SH SOLE 1 139 0 0
PLACER DOME INC 725906101 6 370 SH SOLE 1 370 0 0
PLUM CREEK TIMBER CO 729251108 268 6987 SH SOLE 1 6987 0 0
INC
POST PROPERTIES INC 737464107 2 80 SH SOLE 1 80 0 0
POWER TECHNOLOGIES 739363109 5 665 SH SOLE 1 665 0 0
PRAXAIR INC COM 74005P104 26 600 SH DEFINED 1 600 0 0
PRINCIPAL FINANCIAL 74251V102 36 896 SH SOLE 1 896 0 0
GROUP
PROCTER & GAMBLE CO COM 742718109 1483 26942 SH SOLE 1 25027 0 1915
PROCTER & GAMBLE CO COM 742718109 385 7000 SH DEFINED 1 7000 0 0
PROVIDENT BANKSHARES, 743859100 4 115 SH SOLE 1 115 0 0
INC
PUBLIC SVC ENTERPRISE 744573106 5 110 SH SOLE 1 0 0 110
GROUP INC
PULITZER INC 745769109 32 500 SH SOLE 1 500 0 0
PUTNAM MANAGED INCOME 746823103 3 500 SOLE 1 0 0 500
MUNICIPAL TRUST
QLOGIC CORP COM 747277101 18 500 SH SOLE 1 500 0 0
QUALCOMM INC 747525103 6 150 SH SOLE 1 150 0 0
QWEST COMMUNICATIONS COM 749121109 7 1660 SH SOLE 1 1660 0 0
INTL INC
CEF RMK HIGH INCOME 74963B105 18 1008 SH SOLE 1 1008 0 0
FUND
RAYOVAC CORP 755081106 6 210 SH SOLE 1 210 0 0
RAYTHEON CO NEW 755111507 469 12091 SH SOLE 1 6881 0 5210
REGENERON COM 75886F107 4 500 SH SOLE 1 500 0 0
PHARACEUTICALS INC
REGIONS FINANCIAL CORP NEW 7591EP100 1754 49298 SH SOLE 1 48598 0 700
REGIONS FINANCIAL CORP NEW 7591EP100 78 2205 SH DEFINED 1 0 2205 0
RELIANT ENERGY INC 75952B105 5 394 SH SOLE 1 0 0 394
RELIANT ENERGY INC 75952B105 50 3734 SH DEFINED 1 3734 0 0
REYNOLDS AMERICAN INC 761713106 12 165 SH SOLE 1 0 0 165
ROCKWELL AUTOMATION, 773903109 8 177 SH SOLE 1 177 0 0
INC
ROCKWELL COLLINS INC 774341101 6 177 SH SOLE 1 177 0 0
ROWAN COMPANIES INC 779382100 3 120 SH SOLE 1 120 0 0
ROYAL DUTCH PETE CO NY REG 780257804 119 2091 SH SOLE 1 2091 0 0
GLD1.25
ROYAL DUTCH PETE CO NY REG 780257804 235 4096 SH DEFINED 1 4096 0 0
GLD1.25
RUBY TUESDAY INC 781182100 27 1060 SH DEFINED 1 430 0 630
SBC COMMUNICATIONS, 78387G103 701 27232 SH SOLE 1 21553 0 5679
INC
SBC COMMUNICATIONS, 78387G103 68 2677 SH DEFINED 1 780 1897 0
INC
ST PAUL TRAVELERS 792860108 43 1185 SH SOLE 1 850 0 335
CO.'S INC
SAN JUAN BASIN COM 798241105 20 700 SH SOLE 1 700 0 0
ROYALTY TR UNIT
SANMINA CORP 800907107 2 306 SH SOLE 1 306 0 0
SARA LEE CORP COM 803111103 48 2000 SH SOLE 1 2000 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ---------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ------------- --------- -------- ------- --- ---- ---------- -------- ------ ------ -----
SCANA CORP NEW 80589M102 8 222 SH SOLE 1 222 0 0
SCHERING A G SPONS ADR 806585204 3 45 SH SOLE 1 45 0 0
SCHERING PLOUGH CORP COM 806605101 346 16584 SH SOLE 1 16584 0 0
SCHLUMBERGER LTD COM 806857108 50 760 SH SOLE 1 760 0 0
SCRIPPS EW INC NEW CL 811054204 28 600 SH SOLE 1 600 0 0
A
SEARS ROEBUCK & CO COM 812387108 88 1730 SH SOLE 1 1730 0 0
SEARS ROEBUCK & CO COM 812387108 8 167 SH DEFINED 1 167 0 0
SELIGMAN SELECT MUN 816344105 12 1250 SH SOLE 1 1250 0 0
FD INC
SEMPRA ENERGY COM 816851109 11 310 SH SOLE 1 0 0 310
SERVICEMASTER COMPANY COM 81760N109 104 7593 SH SOLE 1 7593 0 0
SHELL TRANS & TRADING NEW YRK SH 822703609 92 1800 SH DEFINED 1 1800 0 0
PLC NEW
SHERWIN WILLIAMS CO COM 824348106 24 550 SH SOLE 1 550 0 0
SIEMENS AG SPONS ADR 826197501 4 55 SH SOLE 1 55 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 382 13200 SH SOLE 1 13200 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 14 500 SH DEFINED 1 500 0 0
SKYWORKS SOLUTIONS 83088M102 0 61 SH SOLE 1 61 0 0
SMITHFIELD FOODS INC 832248108 9 318 SH SOLE 1 318 0 0
DE
SMUCKER J M CO 832696405 0 7 SH SOLE 1 7 0 0
SMURFIT-STONE 832727101 9 495 SH SOLE 1 495 0 0
CONTAINER CORP
SNAP ON INC 833034101 4 145 SH SOLE 1 145 0 0
SONIC WALL INC 835470105 4 775 SH SOLE 1 775 0 0
SONY CORP 835699307 38 1000 SH DEFINED 1 1000 0 0
SOUTHERN CO COM 842587107 299 8937 SH SOLE 1 8937 0 0
SOUTHERN CO COM 842587107 148 4426 SH DEFINED 1 4426 0 0
SPINNAKER EXPLORATION 84855W109 4 115 SH SOLE 1 115 0 0
CO
SPORTS AUTHORITY INC 84917U109 5 225 SH SOLE 1 225 0 0
SPRINT CORP COM FON 852061100 1397 56279 SH SOLE 1 56279 0 0
STANLEY WORKS 854616109 14 290 SH SOLE 1 0 0 290
STARBUCKS CORP 855244109 46 744 SH SOLE 1 744 0 0
SUN LIFE FINANCIAL 866796105 218 6511 SH SOLE 1 6511 0 0
SUN MICROSYSTEMS 866810104 5 100 SH SOLE 1 1000 0 0
SUNGARD DATA SYSTEMS 867363103 4 148 SH SOLE 1 0 0 148
SUNOCO INC 86764P109 24 300 SH SOLE 1 300 0 0
SUNTRUST BANKS INC COM 867914103 157 2130 SH SOLE 1 2130 0 0
SYNGENTA AG 87160A100 3 180 SH SOLE 1 180 0 0
SYNOVUS FINL CORP 87161C105 32 1125 SH SOLE 1 1125 0 0
SYSCO CORP 871829107 32 863 SH SOLE 1 863 0 0
TDC A/S SPONSORED ADR 87236N102 2 115 SH SOLE 1 115 0 0
TECO ENERGY INC COM 872375100 3 200 SH SOLE 1 200 0 0
TXU CORP 873168108 96 1500 SH SOLE 1 0 0 1500
TALK AMERICA HOLDING 87426R202 3 475 SH SOLE 1 475 0 0
INC-NEW
TARGET CORP 87612E106 172 3330 SH SOLE 1 3330 0 0
TARGET CORP 87612E106 20 400 SH DEFINED 1 400 0 0
TELEFONICA SA 879382208 2 52 SH SOLE 1 52 0 0
SPONSORED ADR
TELLABS INC DELAWARE 879664100 1 200 SH DEFINED 1 200 0 0
TEMPLETON DRAGON FD 88018T101 21 1227 SH SOLE 1 1227 0 0
TEMPLETON GLOBAL 880198106 27 2730 SH SOLE 1 2730 0 0
INCOME FUND
TEVA PHARMACEUTICAL ADR'S 881624209 12 428 SH SOLE 1 428 0 0
IND
TEXAS INSTRUMENTS 882508104 72 2950 SH SOLE 1 2950 0 0
TEXTRON INCORPORATED 883203101 3 46 SH SOLE 1 0 0 46
COMM
THORNBURG MORTGAGE INC 885218107 8 300 SH SOLE 1 300 0 0
3 COM CORP 885535104 2 691 SH SOLE 1 691 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER --------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----------- --------- -------- ------ --- ---- ---------- -------- ------ ------ ----
3M CO 88579Y101 215 2632 SH SOLE 1 1632 0 1000
TIFFANY & CO NEW 886547108 70 2200 SH SOLE 1 2200 0 0
TIME WARNER INC 887317105 520 26755 SH SOLE 1 26380 0 375
TOTAL FINA ELF S.A. 89151E109 2 26 SH SOLE 1 26 0 0
ADR
TOYOTA MOTOR CORP ADR 892331307 4 60 SH SOLE 1 60 0 0
NEW
TRIAD HOSPS INC 89579K109 3 105 SH SOLE 1 105 0 0
TRIBUNE COMPANY 896047107 50 1200 SH SOLE 1 1200 0 0
TRUSTMARK CORP COM 898402102 506 16310 SH SOLE 1 16310 0 0
TYCO INTL LTD NEW COM 902124106 19 547 SH SOLE 1 350 0 197
TYSON FOODS INC CL A 902494103 13 750 SH SOLE 1 0 0 750
USA TRUCK INC - 902925106 1045 61498 SH SOLE 1 61498 0 0
RESTRICTED
US BANCORP DEL NEW 902973304 12 411 SH SOLE 1 223 0 188
ULTRATECH STEPPER INC 904034105 6 345 SH SOLE 1 345 0 0
UNILEVER NV NY NEW 904784709 3 54 SH SOLE 1 54 0 0
UNION PACIFIC CORP 907818108 13 200 SH SOLE 1 200 0 0
UNION PACIFIC CORP 907818108 255 3800 SH DEFINED 1 0 3800 0
UNOCAL CORP COM 915289102 6 156 SH SOLE 1 156 0 0
VF CORPORATION 918204108 27 505 SH SOLE 1 0 0 505
VALASSIS 918866104 5 165 SH SOLE 1 165 0 0
COMMUNICATIONS INC
VARIAN MEDICAL SYSTEMS 92220P105 16 382 SH SOLE 1 382 0 0
VERIZON COMMUNICATIONS 92343V104 880 21729 SH SOLE 1 14781 0 6948
VERIZON COMMUNICATIONS 92343V104 130 3217 SH DEFINED 1 2419 798 0
VIAD CORPORATION 92552R406 2 87 SH SOLE 1 87 0 0
VIACOM INC CL B 925524308 364 10031 SH SOLE 1 9729 0 302
VIACOM INC CL B 925524308 11 325 SH DEFINED 1 325 0 0
VISTEON CORP 92839U107 0 10 SH SOLE 1 10 0 0
VODAFONE GROUP PLC NEW 92857W100 104 3829 SH SOLE 1 3829 0 0
VODAFONE GROUP PLC NEW 92857W100 15 565 SH DEFINED 1 0 565 0
WACHOVIA CORP 2ND NEW 929903102 686 13063 SH SOLE 1 10914 0 2149
WACHOVIA CORP 2ND NEW 929903102 26 500 SH DEFINED 1 500 0 0
WAL MART STORES INC COM 931142103 2344 44390 SH SOLE 1 38120 0 6270
WAL MART STORES INC COM 931142103 223 4236 SH DEFINED 1 1236 3000 0
WALGREEN CO COM 931422109 87 2274 SH SOLE 1 2274 0 0
WASHINGTON MUTUAL INC 939322103 23 560 SH SOLE 1 0 0 560
WASTE MANAGEMENT INC 94106L109 124 4165 SH SOLE 1 1467 0 2698
NEW
WASTE MANAGEMENT INC 94106L109 0 1 SH DEFINED 1 0 0 1
NEW
WATSON WYATT & CO CLASS A 942712100 5 210 SH SOLE 1 210 0 0
HLDGS
WEBSTER FINANCIAL CORP 947890109 3 75 SH SOLE 1 75 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 90 2250 SH SOLE 1 2250 0 0
WELLS FARGO & CO. NEW 949746101 106 1716 SH SOLE 1 1455 0 261
WELLS FARGO & CO. NEW 949746101 12 200 SH DEFINED 1 200 0 0
WESTAR ENERGY INC 95709T100 8 379 SH SOLE 1 379 0 0
WEYERHAEUSER CO COM 962166104 33 500 SH SOLE 1 0 0 500
WHIRLPOOL CORP 963320106 26 380 SH SOLE 1 0 0 380
WHITNEY HOLDING CORP COMMON 966612103 101 2250 SH SOLE 1 2250 0 0
WYETH 983024100 405 9516 SH SOLE 1 6321 0 3195
WYETH 983024100 12 300 SH DEFINED 1 300 0 0
XM SATELLITE 983759101 940 25000 SH SOLE 1 25000 0 0
XCEL ENERGY INC 98389B100 2 154 SH SOLE 1 154 0 0
XILINX INC 983919101 2 100 SH SOLE 1 100 0 0
YANKEE CANDLE CO INC 984757104 7 215 SH SOLE 1 215 0 0
YUM BRANDS INC 988498101 90 1926 SH SOLE 1 1926 0 0
ZIMMER HLDGS INC 98956P102 26 328 SH SOLE 1 328 0 0
SHRS
OR VOTING AUTHORITY
TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER -------------------------
NAMES OF ISSUER CLASS CUSIP [X$1000] AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
--------------- ----------- --------- -------- ---------- --- ---- ---------- -------- ------- ------- -------
ZOLL MEDICAL CORP 989922109 1 44 SH SOLE 1 44 0 0
AMR CORP DEL 1765106 22 2,000 SH SOLE 0 0 2,000
AT&T CORP NEW 1957505 12 600 SH SOLE 0 0 600
ABBOTT LABORATORIES 2824100 23 500 SH SOLE 0 0 500
ALLIANT TECHSYSTEMS 18804104 14 210 SH SOLE 0 0 210
ALLSTATE CORP 20002101 8 150 SH SOLE 0 0 150
ALLTEL CORP NEW 20039103 13 225 SH SOLE 0 0 225
AMER INTL GROUP INC 26874107 4 67 SH SOLE 0 0 67
AMGEN INC 31162100 53 835 SH SOLE 0 0 835
AMSOUTH BANCORP 32165102 355 13,724 SH SOLE 0 0 13,724
ANALOG DEVICES INC 32654105 4 100 SH SOLE 0 0 100
ANHEUSER BUSCH COS 35229103 18 350 SH SOLE 0 0 350
ANNALY MORTGAGE 35710409 9 475 SH SOLE 0 0 475
AVAYA INC 53499109 24 1,400 SH SOLE 0 0 1,400
BANK OF AMERICA 60505104 14 300 SH SOLE 0 0 300
BERKSHIRE HATHAWAY 84670207 35 12 SH SOLE 0 0 12
CITIGROUP INC 172967101 56 1,150 SH SOLE 0 0 1,150
BILOXI MISS PUB SCH 09025PBF2 26 25,000 SH SOLE 0 0 25,000
CAPITAL ONE 14040H105 8 100 SH SOLE 0 0 100
CISCO SYS INC 17275R102 39 2,000 SH SOLE 0 0 2,000
FEDERAL NATL MTG 3135A0CH0 5 5,000 SH SOLE 0 0 5,000
AMDOCS LIMITED G02602103 9 325 SH SOLE 0 0 325
FLEXTRONICS INTL INC Y2573F102 3 200 SH SOLE 0 0 200
GRAND TOTALS 562332 10,438,218 7095821 3025110 317,287