13 F report
6/30/99
AssetName Cusip SumOfShares Price Value
"Abbott Laboratories, Inc" 002824100 " 45,700 " $45.38 " $2,073,637.50 "
AGL Resources Inc. 001204106 " 14,400 " $18.44 " $265,500.00 "
Alliance Capital Mgmt Lp 018548107 " 22,300 " $32.31 " $720,568.75 "
Allstate Corp 020002101 " 14,950 " $35.88 " $536,331.25 "
Alltel Corp 020039103 " 28,355 " $71.50 " $2,027,382.50 "
Ameren Corporation 023608102 " 10,710 " $38.38 " $410,996.25 "
American Electric Power Inc 025537101 " 10,391 " $37.56 " $390,311.94 "
American General Corp. 026351106 " 80,088 " $75.38 " $6,036,633.00 "
American Home Products Corp 026609107 " 109,018 " $57.38 " $6,254,907.75 "
Ameritech 030954101 " 61,532 " $73.50 " $4,522,602.00 "
AON Corporation 037389103 " 14,789 " $41.25 " $610,046.25 "
Associates First Cap Class A 046008108 " 10,440 " $44.13 " $460,665.00 "
AT&T 001957109 " 50,852 " $55.81 " $2,838,177.25 "
Bank of America Corp. 06605F102 " 88,527 " $73.31 " $6,490,113.40 "
Bank Of New York 064057102 " 77,534 " $36.69 " $2,844,567.39 "
Baxter International 071813109 " 16,460 " $60.63 " $997,887.50 "
Becton Dickinson & Co 075887109 " 57,100 " $30.00 " $1,713,000.00 "
Bell Atlantic 077853109 " 115,070 " $65.38 " $7,522,701.25 "
Bellsouth Corp 079860102 " 186,374 " $46.13 " $8,596,500.75 "
Boeing Company 097023105 " 51,029 " $44.00 " $2,245,257.40 "
Bristol Myers Squibb Co 110122108 " 155,794 " $70.44 " $10,973,817.77 "
British Petroleum - Amoco " 36,433 " $108.50 " $3,952,980.50 "
Cardinal Health Inc 14149Y108 " 42,262 " $64.13 " $2,710,050.75 "
Century South Banks 156683104 " 15,268 " $22.50 " $343,530.00 "
Charles Schwab Corp 808513105 " 133,212 " $109.00 " $14,520,108.00 "
Chevron Corporation 166751107 " 10,361 " $95.06 " $984,942.56 "
Cigna Corporation 125509109 " 13,980 " $89.00 " $1,244,220.00 "
Citigroup Inc 172967101 " 94,366 " $47.50 " $4,482,385.00 "
Citizens Utilities Co Class B 177342201 " 46,193 " $11.13 " $513,899.91 "
Clorox Co 189054109 " 10,372 " $106.81 " $1,107,859.25 "
Coca Cola Co 191216100 " 337,454 " $62.00 " $20,922,148.00 "
Compaq Computer Corp 204493100 " 55,035 " $23.69 " $1,303,646.25 "
Computer Associates Intl Inc 204912109 " 23,249 " $54.75 " $1,272,882.75 "
Conagra Incorporated 205887102 " 28,112 " $26.63 " $748,482.00 "
CSX Corporation 126408103 " 15,274 " $45.38 " $693,057.75 "
Dow Chemical Co 260543103 " 18,563 " $126.88 " $2,355,180.63 "
Du Pont E.I. De Nemours 263534109 " 27,188 " $68.31 " $1,857,280.25 "
Duff & Phelps Util Income 264324104 " 119,359 " $10.63 " $1,268,189.38 "
Duke Energy Corp 264399106 " 15,913 " $54.44 " $866,263.94 "
Electronic Data Systems 285661104 " 12,209 " $56.63 " $691,334.63 "
Eli Lilly & Company 532457108 " 13,387 " $71.63 " $958,843.88 "
Equifax Inc 294429105 " 48,155 " $35.69 " $1,718,531.56 "
Equity Residential Properties TR 29476L107 " 89,650 " $45.06 " $4,039,897.95 "
Exxon Corp 302290101 " 112,020 " $77.13 " $8,639,542.50 "
Federal Realty Investment TR Sbi 313747206 " 38,700 " $22.94 " $887,681.25 "
Fifth Third Bancorp 316773100 " 90,327 " $66.56 " $6,012,390.94 "
First Data Corporation 319963104 " 22,805 " $48.94 " $1,116,031.09 "
First Union Corp 337358105 " 193,894 " $47.13 " $9,137,254.75 "
Firstar Corp New 33763V109 " 23,000 " $28.00 " $644,000.00 "
Ford Motor Co 345370100 " 16,250 " $56.44 " $917,109.38 "
General Electric Co 369604103 " 142,527 " $113.00 " $16,105,559.69 "
General Mills 370334104 " 15,770 " $80.38 " $1,267,513.75 "
Genuine Parts Co 372460105 " 24,425 " $35.00 " $854,875.00 "
Gillette Company 375766102 " 13,700 " $41.00 " $561,700.00 "
GTE Corp 362320103 " 44,845 " $75.50 " $3,385,797.50 "
Guidant Corp 401698105 " 12,208 " $51.13 " $624,134.00 "
Hartford Finl Svcs Group 416515104 " 20,180 " $58.31 " $1,176,746.25 "
Healthsouth Corp common 421924101 " 15,600 " $14.88 " $232,050.00 "
Hewlett Packard 428236103 " 23,650 " $100.50 " $2,376,825.00 "
Home Depot Inc 437076102 " 40,278 " $64.44 " $2,595,433.76 "
Illinois Tool Works Inc. 452308109 " 14,750 " $81.75 " $1,205,812.50 "
IMS Health Inc 449934108 " 10,000 " $31.25 " $312,500.00 "
Intel Corporation 458140100 " 14,326 " $59.50 " $852,401.00 "
International Business Machines 459200101 " 38,962 " $129.25 " $5,035,838.50 "
International Paper Co common 460146103 " 21,309 " $50.25 " $1,070,777.25 "
Ipalco Enterprises Inc 462613100 " 17,910 " $21.19 " $379,468.13 "
J P Morgan & Co 616880100 " 20,293 " $140.50 " $2,851,166.50 "
Jefferson-Pilot Corp 475070108 " 92,706 " $66.19 " $6,136,008.18 "
Johnson & Johnson 478160104 " 56,027 " $98.00 " $5,490,691.53 "
Key Corp 493267108 " 50,775 " $32.13 " $1,631,146.88 "
Kimberly-Clark Corp 494368103 " 10,126 " $57.00 " $577,182.00 "
Leggett & Platt Inc 524660107 " 14,800 " $27.81 " $411,625.00 "
Lubrizol Corp 549271104 " 21,560 " $27.25 " $587,510.00 "
Lucent Technologies 549463107 " 116,654 " $67.44 " $7,866,854.13 "
Masco Corp 574599106 " 10,700 " $28.88 " $308,962.50 "
McDonalds Corp 580135101 " 21,590 " $41.13 " $887,888.75 "
Mead Corp 582834107 " 20,158 " $41.75 " $841,596.50 "
Mellon Bank Corp 585509102 " 29,700 " $36.38 " $1,080,337.50 "
Merck & Co Inc 589331107 " 24,515 " $73.63 " $1,804,890.80 "
Minnesota Mining & Mfg Co 604059105 " 15,419 " $86.94 " $1,340,528.31 "
Mobil Corp 607059102 " 44,826 " $98.75 " $4,426,567.50 "
"Mylan Laboratories, Inc." 628530107 " 34,825 " $26.50 " $922,862.50 "
National Service Industries Inc 637657107 " 81,599 " $36.00 " $2,937,564.00 "
New Plan Excel Realty Trust 648053106 " 36,400 " $18.00 " $655,200.00 "
Norfolk Southern Corp 655844108 " 30,656 " $30.13 " $923,512.00 "
Northern Trust Corp 665859104 " 89,515 " $97.00 " $8,682,955.00 "
Nuveen Municipal Value Fund Inc 670928100 " 38,961 " $9.19 " $357,954.37 "
Paychex Inc 704326107 " 12,748 " $31.88 " $406,342.50 "
Pepsico Inc 713448108 " 64,649 " $38.69 " $2,501,100.18 "
"Pfizer, Inc." 717081103 " 10,709 " $109.00 " $1,167,296.59 "
Pharmacia & Upjohn Inc 716941109 " 12,828 " $56.81 " $728,790.75 "
Philip Morris Inc 718154107 " 26,760 " $40.19 " $1,075,417.50 "
PNC Bank Corp 693475105 " 31,000 " $57.63 " $1,786,375.00 "
Procter & Gamble Co 742718109 " 16,180 " $89.25 " $1,444,065.00 "
Reliastar Financial Corp 75952U103 " 77,360 " $43.75 " $3,384,500.00 "
Riggs National Corp 766570105 " 14,507 " $20.56 " $298,300.19 "
RJR Nabisco 10% 74961M202 " 18,200 " $25.44 " $463,008.00 "
"Saint Paul Companies, Inc" 792860108 " 14,528 " $31.81 " $462,172.00 "
Sara Lee Corporation 803111103 " 51,380 " $22.69 " $1,165,683.75 "
SBC Communications Inc 783876103 " 100,417 " $58.00 " $5,824,186.00 "
Scana Corporation 805898103 " 47,860 " $23.38 " $1,118,727.50 "
Schering Plough Corp 806605101 " 118,831 " $52.50 " $6,238,627.50 "
Service Corp International 817565104 " 169,512 " $19.25 " $3,263,106.00 "
Southern Co 842587107 " 109,013 " $26.50 " $2,888,844.50 "
Sprint 852061100 " 10,549 " $53.00 " $559,097.00 "
Sun Microsystems Inc 866810104 " 17,420 " $68.88 " $1,199,802.50 "
Suntrust Banks Inc 867914103 " 57,735 " $69.44 " $4,008,998.23 "
Synovus Financial Corp 87161C105 " 33,145 " $19.88 " $658,756.88 "
Texaco Inc 881694103 " 67,711 " $62.38 " $4,223,473.63 "
United Technologies Corp 913017109 " 13,980 " $72.00 " $1,006,560.00 "
US West Inc New Common Stock 91273H101 " 25,110 " $58.75 " $1,475,212.50 "
Van Kampen Amer Cap Muni Inc TR 920909108 " 34,637 " $9.63 " $333,381.13 "
Wachovia Corp 929771103 " 24,274 " $85.56 " $2,076,944.13 "
"Wal-Mart Stores, Inc." 931142103 " 25,040 " $48.25 " $1,208,180.00 "
Walt Disney Holding Company 254687106 " 25,067 " $30.81 " $772,376.94 "
Warner-Lambert Co 934488107 " 34,760 " $69.13 " $2,402,785.00 "
Weingarten Realty Investors 948741103 " 13,700 " $41.75 " $571,975.00 "
