Security Type Cusip Market Value Shares Price
ABBOTT LABS COM 282410 "2,129,992" " 45,500 " " 45,500 " $46.81
AGL RESOURCES COM 4775310 "252,907" " 14,400 " " 14,400 " $17.56
ALLIANCE CAPITAL COM 18548107 "670,795" " 26,500 " " 26,500 " $25.31
ALLSTATE COM 2000290 "568,917" " 15,350 " " 15,350 " $37.06
ALLTEL COM 2003910 "1,746,812" " 28,005 " " 28,005 " $62.38
AMERICAN ELECTRIC POWER COM 2553710 "400,492" " 10,091 " " 10,091 " $39.69
AMERICAN GENERAL COM 2635110 "5,646,204" " 80,088 " " 80,088 " $70.50
AMERICAN HOME PRODUCTS COM 2660910 "7,236,747" " 110,908 " " 110,908 " $65.25
AMERITECH COM 3095410 "3,649,507" " 63,332 " " 63,332 " $57.63
AMP ELECTRONICS COM 3189710 "591,122" " 11,049 " " 11,049 " $53.50
ASSOCIATES FIRST CAPITAL "469,800" " 10,440 " " 10,440 " $45.00
AT&T COM 3017710 "2,732,797" " 34,240 " " 34,240 " $79.81
BANK OF NEW YORK COM 6405710 "2,764,854" " 76,934 " " 76,934 " $35.94
BANKAMERICA "6,268,251" " 88,754 " " 88,754 " $70.63
BAXTER INTL. COM 7181310 "1,086,360" " 16,460 " " 16,460 " $66.00
BECTON DICKINSON COM 7588710 "2,022,926" " 52,800 " " 52,800 " $38.31
BELL ATLANTIC COM 7785310 "6,068,791" " 117,412 " " 117,412 " $51.69
BELL SOUTH COM 7986010 "7,504,040" " 187,306 " " 187,306 " $40.06
BOEING COM 9702310 "1,745,152" " 51,328 " " 51,328 " $34.00
BRISTOL MYERS SQUIBB COM 11012210 "9,990,290" " 155,794 " " 155,794 " $64.13
BRITISH PETR/ AMOCO "3,693,065" " 36,565 " " 36,565 " $101.00
CARDINAL HEALTH COM 14149Y108 "2,791,536" " 42,296 " " 42,296 " $66.00
CENTURY SOUTH BANKS COM 156683104 "391,243" " 15,268 " " 15,268 " $25.63
CHARLES SCHWAB COM 80851310 "13,964,752" " 145,277 " " 145,277 " $96.13
CHEVRON COM 16675110 "946,164" " 10,661 " " 10,661 " $88.75
CIGNA COM "1,184,278" " 14,130 " " 14,130 " $83.81
CITIGROUP "6,066,911" " 94,981 " " 94,981 " $63.88
CITIZENS UTILITIES COM 17734220 "375,960" " 48,511 " " 48,511 " $7.75
CLOROX COM 18905410 "1,215,474" " 10,372 " " 10,372 " $117.19
COCA COLA COM 19121610 "21,107,108" " 343,904 " " 343,904 " $61.38
COMPAQ COM 20449310 "1,457,173" " 45,985 " " 45,985 " $31.69
COMPUTER ASSOCIATES COM 204912109 "828,582" " 23,299 " " 23,299 " $35.56
CONAGRA COM 205887102 "728,058" " 28,412 " " 28,412 " $25.63
CSX COM 12640810 "609,925" " 15,664 " " 15,664 " $38.94
DISNEY COM 25468710 "767,760" " 24,667 " " 24,667 " $31.13
DOW CHEMICAL COM 26054310 "1,739,168" " 18,663 " " 18,663 " $93.19
DREYFUS ST. MUNICIPALS COM 261932107 0 " 20,500 " " 20,500 "
DUFF & PHELPS UTILITIES COM 26432410 "1,229,359" " 114,359 " " 114,359 " $10.75
DUKE POWER COM 26439910 "861,277" " 15,713 " " 15,713 " $54.81
DUPONT COM 26353410 "1,596,036" " 27,488 " " 27,488 " $58.06
ELECTRONIC DATA SYSTEMS COM 37044240 "594,432" " 12,209 " " 12,209 " $48.69
ELI LILLY & CO. COM 532457108 "1,136,222" " 13,387 " " 13,387 " $84.88
EQUIFAX COM 29442910 "1,584,859" " 46,105 " " 46,105 " $34.38
EQUITY RES. PROPS. COM 29476L107 "3,667,331" " 88,905 " " 88,905 " $41.25
EXXON COM 30229010 "7,918,580" " 112,220 " " 112,220 " $70.56
FEDERAL REALTY INV. COM 31374720 "762,768" " 36,000 " " 36,000 " $21.19
FIFTH THIRD BANCORP COM 316773100 "5,965,872" " 90,477 " " 90,477 " $65.94
FIRST DATA CORP. COM 31996310 "980,685" " 22,940 " " 22,940 " $42.75
FIRST UNION COM 33735810 "10,101,065" " 189,024 " " 189,024 " $53.44
FORD MOTOR COM 34537010 "909,842" " 16,050 " " 16,050 " $56.69
GEN. MOTORS PFD. SER. B PFD 37044280 "485,697" " 19,000 " " 19,000 " $25.56
GENERAL ELECTRIC COM 36960410 "15,789,174" " 142,727 " " 142,727 " $110.63
GENERAL MILLS COM 37033410 "1,342,755" " 17,770 " " 17,770 " $75.56
GENUINE PARTS COM 372460105 "719,605" " 24,975 " " 24,975 " $28.81
GILLETTE COM 37576610 "695,425" " 11,700 " " 11,700 " $59.44
GTE COM 36232010 "2,726,735" " 45,070 " " 45,070 " $60.50
GUIDANT "738,584" " 12,208 " " 12,208 " $60.50
HARTFORD FIN. SVS. GROUP COM 45068410 "1,149,327" " 20,230 " " 20,230 " $56.81
HEWLETT PACKARD COM 42823610 "1,590,215" " 23,450 " " 23,450 " $67.81
HOME DEPOT COM 43707610 "2,377,950" " 38,200 " " 38,200 " $62.25
IBM COM 45920010 "3,472,682" " 19,592 " " 19,592 " $177.25
ILLINOIS TOOL WORKS COM 45230810 "912,656" " 14,750 " " 14,750 " $61.88
IMS HEALTH "331,250" " 10,000 " " 10,000 " $33.13
IPALCO ENTERPRISES "392,910" " 17,910 " " 17,910 " $21.94
JEFFERSON PILOT COM 47507010 "6,231,645" " 91,980 " " 91,980 " $67.75
JOHNSON & JOHNSON COM 47816010 "5,278,262" " 56,452 " " 56,452 " $93.50
JP MORGAN COM 61688010 "2,525,240" " 20,468 " " 20,468 " $123.38
KEY CORP. COM 49326710 "1,555,057" " 51,300 " " 51,300 " $30.31
KIMBERLY CLARK COM 49436810 "495,008" " 10,326 " " 10,326 " $47.94
LEGGETT & PLATT COM 52466010 "296,000" " 14,800 " " 14,800 " $20.00
LUBRIZOL COM 54927110 "487,350" " 21,660 " " 21,660 " $22.50
LUCENT TECHNOLOGIES COM 549463107 "6,283,764" " 58,183 " " 58,183 " $108.00
MASCO COM 57459910 "302,275" " 10,700 " " 10,700 " $28.25
MCDONALDS COM 58013510 "978,308" " 21,590 " " 21,590 " $45.31
MEAD COM 58283410 "619,859" " 20,158 " " 20,158 " $30.75
MELLON BANK COM 58550910 "1,045,069" " 14,850 " " 14,850 " $70.38
MERCK COM 58933110 "1,964,184" " 24,514 " " 24,514 " $80.13
MMM COM 60405910 "1,090,894" " 15,419 " " 15,419 " $70.75
MOBIL COM 60705910 "3,924,976" " 44,602 " " 44,602 " $88.00
MYLAN LABS COM 62853010 "904,768" " 32,975 " " 32,975 " $27.44
NATIONAL SERVICE IND. COM 63765710 "2,779,507" " 81,599 " " 81,599 " $34.06
NEW PLAN REALTY TRUST COM 64805910 "539,183" " 28,100 " " 28,100 " $19.19
NORFOLK SOUTHERN COM 655844108 "840,202" " 31,856 " " 31,856 " $26.38
NORTHERN TRUST COM 66585910 "7,998,943" " 90,065 " " 90,065 " $88.81
NUVEEN MUNI VALUE COM 67092810 "384,740" " 38,961 " " 38,961 " $9.88
PEPSICO COM 71344810 "2,539,304" " 64,798 " " 64,798 " $39.19
PFIZER COM 7170811031 "1,408,313" " 10,150 " " 10,150 " $138.75
PHARMACIA & UPJOHN COM 71694110 "800,147" " 12,828 " " 12,828 " $62.38
PHILLIP MORRIS COM 71815410 "1,122,286" " 31,894 " " 31,894 " $35.19
PNC BANK COM 69347510 "1,722,453" " 31,000 " " 31,000 " $55.56
PROCTOR & GAMBLE COM 74271810 "1,555,255" " 15,880 " " 15,880 " $97.94
RELIASTAR FINANCIAL COM 75952410 "3,246,320" " 76,160 " " 76,160 " $42.63
RIGGS NATIONAL COM 766570105 "227,931" " 13,507 " " 13,507 " $16.88
RJR NABISCO 10% PFD 74961M20 "481,210" " 19,200 " " 19,200 " $25.06
SARA LEE COM 80311110 "1,293,930" " 52,280 " " 52,280 " $24.75
SBC COM 84533310 "4,873,813" " 103,285 " " 103,285 " $47.19
SCANA COM 80589810 "1,057,507" " 48,760 " " 48,760 " $21.69
SCHERING PLOUGH COM 80660510 "6,680,609" " 120,916 " " 120,916 " $55.25
SERVICE CORP. COM 81756510 "2,233,146" " 156,712 " " 156,712 " $14.25
SOUTHERN CO. COM 84258710 "2,602,360" " 111,627 " " 111,627 " $23.31
SPRINT COM 85206110 "1,035,121" " 10,549 " " 10,549 " $98.13
ST. PAUL COMPANIES COM 79286010 "469,921" " 15,128 " " 15,128 " $31.06
SUNTRUST BANKS COM 86791410 "3,708,419" " 59,573 " " 59,573 " $62.25
SYNOVUS FINANCIAL COM 87161C10 "679,473" " 33,145 " " 33,145 " $20.50
TEXACO COM 88169410 "3,831,249" " 67,511 " " 67,511 " $56.75
UNION CAMP COM 90553010 "1,006,271" " 14,991 " " 14,991 " $67.13
US WEST COMMUNICATIONS COM 912889102 "1,407,410" " 25,560 " " 25,560 " $55.06
VAN KAMPEN AM. CAPITAL COM 92090910 "391,576" " 36,637 " " 36,637 " $10.69
WACHOVIA COM 92977110 "1,972,787" " 24,299 " " 24,299 " $81.19
WAL-MART COM 93114210 "1,144,975" " 12,420 " " 12,420 " $92.19
WARNER LAMBERT COM 93448810 "2,232,625" " 33,700 " " 33,700 " $66.25
WEINGARTEN REALTY INVESTORS COM 948741103 "542,863" " 13,700 " " 13,700 "
$39.63
