UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check her if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Franklin Street Advisors, Inc.
Address: 6330 Quadrangle Drive
Suite 200
Chapel Hill, NC 27514
13F File Number: 28-5428
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: Carol E. Manzon
Title: Secretary/Treasurer
Phone: 919-489-2600
Signature, Place, and Date of Signing:
Carol E. Manzon Chapel Hill, NC July 18, 1999
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE AT OF 1934.
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AAR CORP COMMON 000361105 681 30000.00 SH SOLE 30000.00
ABACAN RES CORP COMMON 002919108 138 1106700.00SH SOLE 1106700.00
ABBOTT LABORATORIES COMMON 002824100 5280 116355.00SH SOLE 116355.00
ABERCROMBIE&FITCH COMMON 002896207 4119 85810.00 SH SOLE 85810.00
ACTION PERF CO COMMON 004933107 990 30000.00 SH SOLE 30000.00
ADVANCED FIBRE COMMUNICATIONS COMMON 00754a105 781 50000.00 SH SOLE 50000.00
AETNA INC COMMON 008117103 8944 100000.00SH SOLE 100000.00
AIR TRANSPORTATION COMMON 009224304 69 13500.00 SH SOLE 13500.00
ALCOA INC COMMON 013817101 6903 111560.00SH SOLE 111560.00
ALLIED-SIGNAL INC COMMON 019512102 19691 312560.00SH SOLE 312560.00
ALPHARMA INC 'A' COMMON 020813101 1586 44600.00 SH SOLE 44600.00
AMER ELEC PWR INC COM COMMON 025537101 38 1000.00 SH SOLE 1000.00
AMERICAN EXPRESS COMMON 025816109 21394 164408.00SH SOLE 164408.00
AMERICAN GENERAL CORP COMMON 026351106 364 4831.00 SH SOLE 4831.00
AMERICAN HOME PRODUCTS COMMON 026609107 11245 195990.00SH SOLE 195990.00
AMERICAN INTL GROUP COMMON 026874107 16570 141319.00SH SOLE 141319.00
AMERICAN TELEPHONE & TELE COMMON 001957109 20449 366379.00SH SOLE 366379.00
ANADARKO PETROLEUM COMMON 032511107 1379 37450.00 SH SOLE 37450.00
APACHE CORP COMMON 037411105 1365 35000.00 SH SOLE 35000.00
APPLIED MATERIALS COMMON 038222105 6707 90795.00 SH SOLE 90795.00
ASSOCIATES FIRST CAPITAL COMMON 046008108 14158 320870.00SH SOLE 320870.00
AT & T LIBERTY MEDIA GROUP COMMON 001957208 331 8998.00 SH SOLE 8998.00
ATLANTIC RICHFIELD COMMON 048825103 476 5700.00 SH SOLE 5700.00
AVAX TECHNOLOGIES INC COMMON 053495305 93 24000.00 SH SOLE 24000.00
AVERY-DENNISON COMMON 053611109 6943 115000.00SH SOLE 115000.00
AVIATION SALES COMMON 053672101 593 15000.00 SH SOLE 15000.00
BANC ONE CORP COMMON 06423a103 1499 25175.00 SH SOLE 25175.00
BANK OF AMERICA CORP COMMON 060505104 8417 114806.00SH SOLE 114806.00
BARRETT RESRCE COMMON 068480201 1028 26800.00 SH SOLE 26800.00
BASIN EXP COMMON 070107107 684 34100.00 SH SOLE 34100.00
BELL ATLANTIC CORP COMMON 077853109 205 3134.00 SH SOLE 3134.00
BELLSOUTH CORP COMMON 079860102 673 14600.00 SH SOLE 14600.00
BERKSHIRE HATHAWAY-CL B COMMON 084670207 3680 1643.00 SH SOLE 1643.00
BEST SOFTWARE INC COMMON 086579109 806 50000.00 SH SOLE 50000.00
BIOCHEM PHARMA COMMON 09058T108 653 34800.00 SH SOLE 34800.00
BIOMET COMMON 090613100 1352 34000.00 SH SOLE 34000.00
BJ SERVICES COMMON 055482103 736 25000.00 SH SOLE 25000.00
BOMBAY CO COMMON 097924104 1500 200000.00SH SOLE 200000.00
BORON LEPORE & ASSOC COMMON 10001p102 2673 319200.00SH SOLE 319200.00
BP AMOCO PLC COMMON 055622104 10225 94241.00 SH SOLE 94241.00
BRISTOL MYERS SQUIBB CO COMMON 110122108 146 2068.00 SH SOLE 2068.00
BURLINGTON INDS COMMON 121693105 1147 124000.00SH SOLE 124000.00
BURLINGTON RESOURCES COMMON 122014103 2454 56730.00 SH SOLE 56730.00
C & F FINANCIAL CORP COMMON 12466Q104 681 36800.00 SH SOLE 36800.00
C3 INC/NC COMMON 22942p109 518 30000.00 SH SOLE 30000.00
CABLETRON SYSTEMS COMMON 126920107 975 75000.00 SH SOLE 75000.00
CALLON PETROLEUM COMMON 13123x102 1031 100000.00SH SOLE 100000.00
CAPITAL ONE FINANCIAL COMMON 14040h105 5485 98490.00 SH SOLE 98490.00
CARNIVAL CORP COMMON 143658102 97 2000.00 SH SOLE 2000.00
CAROLINA POWER & LIGHT CO COMMON 144141108 135 3156.00 SH SOLE 3156.00
CARRIER ACCESS CORP COMMON 144460102 789 18000.00 SH SOLE 18000.00
CATALYTICA INC. COMMON ctal 1400 100000.00SH SOLE 100000.00
CENDANT CORP COMMON 151313103 11821 576630.00SH SOLE 576630.00
CENTURA BANK COMMON 15640T100 620 10999.00 SH SOLE 10999.00
CHEVRON CORP COMMON 166751107 5893 61987.00 SH SOLE 61987.00
CISCO SYSTEMS INC COMMON 17275r102 21343 331220.00SH SOLE 331220.00
CITIGROUP INC. COMMON 172967101 33743 710375.00SH SOLE 710375.00
COCA-COLA CO COMMON 191216100 209 3365.00 SH SOLE 3365.00
COLLATERAL THERAPEUTICS COMMON 193921103 1955 85000.00 SH SOLE 85000.00
COMCAST CL A SPL (NON-VTG) COMMON 200300200 7532 195950.00SH SOLE 195950.00
COMPUTER SCIENCES CORP COMMON 205363104 10930 157970.00SH SOLE 157970.00
CONCENTRIC NETWORK CORP COMMON 20589r107 1193 30000.00 SH SOLE 30000.00
CONCORD EFS, INC. COMMON 2116 50000.00 SH SOLE 50000.00
CONE MILLS COMMON 206814105 420 70000.00 SH SOLE 70000.00
CONRAD INDUSTRIES COMMON 208305102 675 135000.00SH SOLE 135000.00
CORE LABS COMMON N22717107 1193 85200.00 SH SOLE 85200.00
CREDENCE SYST COMMON 225302108 1856 50000.00 SH SOLE 50000.00
CREE RESEARCH COMMON 225447101 2731 35500.00 SH SOLE 35500.00
CRESCENT REAL ESTATE EQT CO COMMON 225756105 1663 70000.00 SH SOLE 70000.00
DAIMLERCHRYSLER AG COMMON d1668r123 713 8009.00 SH SOLE 8009.00
DAYTON HUDSON COMMON 239753106 14977 230420.00SH SOLE 230420.00
DELL COMPUTER COMMON 247025109 385 10400.00 SH SOLE 10400.00
DENALI INC COMMON 248221103 825 110000.00SH SOLE 110000.00
DISNEY (WALT) CO COMMON 254687106 4048 131390.00SH SOLE 131390.00
DRIL-QUIP COMMON 262037104 573 25000.00 SH SOLE 25000.00
DSP COMMUNICATIONS INC. COMMON 23332k106 1444 50000.00 SH SOLE 50000.00
DUKE ENERGY COMMON 264399106 3174 58300.00 SH SOLE 58300.00
DUPONT COMMON 263534109 1682 24620.00 SH SOLE 24620.00
DYCOM INDUSTRIES INC COMMON 267475101 560 10000.00 SH SOLE 10000.00
ECLIPSYS CORP COMMON 278856109 598 25000.00 SH SOLE 25000.00
EMC CORP COMMON 268648102 18763 341150.00SH SOLE 341150.00
EMERSON ELECTRIC COMMON 291011104 7949 126300.00SH SOLE 126300.00
ENSCO INTERNATIONAL INC COMMON 26874Q100 3162 158600.00SH SOLE 158600.00
ENTREMED INC COMMON 29382f103 225 10000.00 SH SOLE 10000.00
EQUITY INCOME FUND (AT & T) COMMON 294700703 245 1183.00 SH SOLE 1183.00
EVERGREEN RESOURCES COMMON 299900308 529 21000.00 SH SOLE 21000.00
EXXON CORP COMMON 302290101 7424 96258.00 SH SOLE 96258.00
FANNIE MAE COMMON 313586109 23716 347490.00SH SOLE 347490.00
FEDERAL HOME LOAN MTGE COMMON 313400301 1670 28791.00 SH SOLE 28791.00
FEDERAL-MOGUL COMMON 313549107 15600 300000.00SH SOLE 300000.00
FEDERATED DEPT STORES COMMON 31410H101 5022 94875.00 SH SOLE 94875.00
FIAT SPA ADR COMMON 1040 64500.00 SH SOLE 64500.00
FIRST DATA CORP COMMON 319963104 430 8784.00 SH SOLE 8784.00
FIRST FINANCIAL HLDGS INC COMMON 320239106 750 40000.00 SH SOLE 40000.00
FIRST UNION CORP COMMON 337358105 991 21024.00 SH SOLE 21024.00
FUNDTECH LTD COMMON 648 25000.00 SH SOLE 25000.00
GABLES RESIDENTIAL TR REIT COMMON 362418105 603 25000.00 SH SOLE 25000.00
GELTEX PHARMACEUTICALS INC COMMON 368538104 450 25000.00 SH SOLE 25000.00
GENERAL ELECTRIC COMMON 369604103 22897 202630.00SH SOLE 202630.00
GENERAL MLS INC COMMON 370334104 5345 66500.00 SH SOLE 66500.00
GILLETTE CO COMMON 375766102 8 200.00 SH SOLE 200.00
GLOBAL MARINE COMMON 379352404 1550 100000.00SH SOLE 100000.00
GOODRICH (B.F.) CO COMMON 382388106 1148 27000.00 SH SOLE 27000.00
GREY WOLF INC COMMON 397888108 1000 400000.00SH SOLE 400000.00
GTE CORP COMMON 362320103 232 3073.00 SH SOLE 3073.00
GULF ISLAND FAB COMMON 402307102 657 55000.00 SH SOLE 55000.00
GULFSTREAM AERO COMMON 402734107 13323 197200.00SH SOLE 197200.00
HALLIBURTON CO COMMON 406216101 12838 283720.00SH SOLE 283720.00
HANOVER COMPRESSOR COMMON 410768105 1606 50000.00 SH SOLE 50000.00
HARTFORD LIFE CL-A COMMON 416592103 3196 60725.00 SH SOLE 60725.00
HEALTHSOUTH CORP COMMON 421924101 5168 347400.00SH SOLE 347400.00
HEWLETT-PACKARD COMMON 428236103 16361 162800.00SH SOLE 162800.00
HOME DEPOT COMMON 437076102 2138 33182.00 SH SOLE 33182.00
HOUSEHOLD INTL INC COMMON 441815107 6361 134270.00SH SOLE 134270.00
HOUSTON EXPLORATION COMMON 442120101 384 20300.00 SH SOLE 20300.00
HUNT (JB) COMMON 445658107 1625 100000.00SH SOLE 100000.00
HYPERION TELECOMM-CL A COMMON 44914K306 941 50000.00 SH SOLE 50000.00
IBM COMMON 459200101 1892 14636.00 SH SOLE 14636.00
ICG COMMUNICATIONS INC COMMON 1069 50000.00 SH SOLE 50000.00
IDEXX LABORATORIES COMMON 45168d104 1166 50000.00 SH SOLE 50000.00
IMAGYN MEDICAL TECH COMMON 45244e100 1 29500.00 SH SOLE 29500.00
IMC GLOBAL INC COMMON 449669100 1043 60000.00 SH SOLE 60000.00
IMPERIAL CHEMICAL IND ADR COMMON 452704505 1034 26000.00 SH SOLE 26000.00
INFINITY BROADCASTING CORP-CL COMMON 45662s102 2956 100000.00SH SOLE 100000.00
INTEL CORP COMMON 458140100 10551 177322.00SH SOLE 177322.00
INTRANET SOLUTIONS INC COMMON 460939309 380 45000.00 SH SOLE 45000.00
IRI INTL CORP COMMON 45004f107 1166 252000.00SH SOLE 252000.00
JD EDWARDS & CO COMMON 281667105 925 50000.00 SH SOLE 50000.00
JEFFERSON-PILOT COMMON 475070108 18486 279298.00SH SOLE 279298.00
JOHNSON & JOHNSON COMMON 478160104 5367 54763.00 SH SOLE 54763.00
JONES APPAREL COMMON 480074103 686 20000.00 SH SOLE 20000.00
KELLSTRON INDS COMMON 488035106 913 50000.00 SH SOLE 50000.00
KMART COMMON 482584109 14850 900000.00SH SOLE 900000.00
LIGAND PHARM COMMON 53220K207 3793 340900.00SH SOLE 340900.00
LUCENT TECH INC COMMON 549463107 9700 143835.00SH SOLE 143835.00
MARINE DRILLING COMMON 568240204 2053 150000.00SH SOLE 150000.00
MARITRANS PARTNERS L P COMMON 570363101 56 10000.00 SH SOLE 10000.00
MAVERICK TUBE COMMON 577914104 697 50000.00 SH SOLE 50000.00
MCI WORLDCOM INC COMMON 55268b106 20811 241816.50SH SOLE 241816.50
MEDAREX INC COMMON 583916101 272 66000.00 SH SOLE 66000.00
MEDTRONIC, INC COMMON 585055106 2341 30055.00 SH SOLE 30055.00
MERCK & CO COMMON 589331107 16965 230422.00SH SOLE 230422.00
MERRILL LYNCH & CO INC COMMON 590188108 15948 200600.00SH SOLE 200600.00
MICROSOFT CORP COMMON 594918104 15915 176470.00SH SOLE 176470.00
MITCHELL ENERGY & DEV CORP CL COMMON 606592301 594 32300.00 SH SOLE 32300.00
MOBIL CORP COMMON 607059102 19360 196050.00SH SOLE 196050.00
MOHAWK INDS COMMON 608190104 1215 40000.00 SH SOLE 40000.00
MORGAN ST DEAN WITTER, DISC & COMMON 617446448 9236 90000.00 SH SOLE 90000.00
NATIONAL COMMERCE BANC COMMON 635449101 1313 60000.00 SH SOLE 60000.00
NATIONAL-OILWELL INC COMMON 637071101 1050 75000.00 SH SOLE 75000.00
NETGRAVITY COMMON 641114103 614 27000.00 SH SOLE 27000.00
NEWPARK RESOURCE COMMON 651718504 760 85600.00 SH SOLE 85600.00
NEWS CORP LTD ADS COMMON 652487703 2446 69275.00 SH SOLE 69275.00
NIAGARA MOHAWK PWR CP COMMON 653522102 6429 400220.00SH SOLE 400220.00
NOBLE DRILLING COMMON 655421071 1575 80000.00 SH SOLE 80000.00
NORFOLK SOUTHERN CORP COMMON 655844108 263 8742.00 SH SOLE 8742.00
NORTH AM VAC COMMON 657201109 312 63900.00 SH SOLE 63900.00
12 2400.00 SH DEFINED 2400.00
NOVELLUS SYSTEMS COMMON 670008101 683 10000.00 SH SOLE 10000.00
OAKWOOD HOMES COMMON 674098108 3073 234100.00SH SOLE 234100.00
OCEAN ENERGY INC COMMON 67481e106 4954 514680.00SH SOLE 514680.00
OSTEOTECH COMMON 688582105 943 32787.00 SH SOLE 32787.00
PAGING NETWORK INC COMMON 695542100 842 175000.00SH SOLE 175000.00
PANDA PROJECT COMMON 69833f104 84 539100.00SH SOLE 539100.00
PARKER DRILLING COMMON 701081101 99 30000.00 SH SOLE 30000.00
PATTERSON ENGY COMMON 703414102 1514 153300.00SH SOLE 153300.00
PENNSYLVANIA REAL ESTATE INV T COMMON 709102107 1288 61500.00 SH SOLE 61500.00
PEOPLES BANK OF BRIDGEPORT CT COMMON 710198102 1522 50000.00 SH SOLE 50000.00
PEPSICO INC COMMON 713448108 675 17440.00 SH SOLE 17440.00
PEREGRINE SYSTEMS INC COMMON 71366q101 1028 40000.00 SH SOLE 40000.00
PFIZER INC COMMON 717081103 2314 21225.00 SH SOLE 21225.00
PHARMA PROD DEV COMMON 717124101 1569 57300.00 SH SOLE 57300.00
27 1000.00 SH DEFINED 1000.00
PHARMACEUTICAL RESOURCES COMMON 717125108 3898 448700.00SH SOLE 448700.00
PHILIP MORRIS COS COMMON 718154107 619 15400.00 SH SOLE 15400.00
PITNEY BOWES INC COMMON 724479100 1317 20500.00 SH SOLE 20500.00
POGO PRODUCING CO COMMON 730448107 3015 161900.00SH SOLE 161900.00
POLO RALPH LAUREN COMMON 731572103 1900 100000.00SH SOLE 100000.00
POOL ENERGY SERVICES COMMON 732788104 203 10000.00 SH SOLE 10000.00
PRI AUTOMATION COMMON 69357h106 906 25000.00 SH SOLE 25000.00
PRIDE PETROLEUM COMMON 741932107 1072 101490.00SH SOLE 101490.00
PRIORITY HEALTHCARE CORP-B COMMON 74264t102 776 22500.00 SH SOLE 22500.00
PROCTER & GAMBLE CO COMMON 742718109 1715 19211.00 SH SOLE 19211.00
PROVIDIAN FINANCIAL CORP COMMON 74406A102 12673 135900.00SH SOLE 135900.00
PUBLIC SERVICE OF NC COMMON 744516105 439 15000.00 SH SOLE 15000.00
QUANTUM CORP COM COMMON 747906105 7238 300000.00SH SOLE 300000.00
QUINTILES TRANSNAT'L COMMON 748767100 9559 227600.00SH SOLE 227600.00
R & B FALCON CORP COMMON 74912e101 3701 394730.00SH SOLE 394730.00
RELIASTAR FINANCIAL CORP COMMON 75952u103 656 15000.00 SH SOLE 15000.00
REMEC INC COMMON 759543101 726 45000.00 SH SOLE 45000.00
REPLIGEN CORP COMMON 759916109 29 10000.00 SH SOLE 10000.00
RITE AID CORP COMMON 767754104 11049 448705.00SH SOLE 448705.00
ROYAL DUTCH PETE CO COMMON 780257804 181 3000.00 SH SOLE 3000.00
S & P 400 MID-CAP DEP RECPT COMMON 595635103 282 3600.00 SH SOLE 3600.00
SAKS INC COMMON 79377w108 5313 184005.00SH SOLE 184005.00
SANTA FE INTL COMMON g7805c108 6300 273900.00SH SOLE 273900.00
SCB COMPUTER COMMON 78388n107 656 125000.00SH SOLE 125000.00
SCHERING PLOUGH CORP COMMON 806605101 331 6310.00 SH SOLE 6310.00
SCHLUMBERGER LTD COMMON 806857108 1357 21300.00 SH SOLE 21300.00
SEAGRAM CO LTD COMMON 811850106 5038 100000.00SH SOLE 100000.00
SEALED AIR CORP COMMON 81211k100 16219 250000.00SH SOLE 250000.00
SHIRE PHARMACEUTICALS GRP COMMON g81083100 4342 529700.00SH SOLE 529700.00
16 2000.00 SH DEFINED 2000.00
SMITHKLINE BEECHAM ADS COMMON 832378301 529 8000.00 SH SOLE 8000.00
SPRINT CORP (FON GROUP) COMMON 852061100 154 2910.00 SH SOLE 2910.00
STANDARD & POOR'S DEP RCPTS COMMON 78462f103 1895 13831.00 SH SOLE 13831.00
STOLT COMEX SEAWAY S.A. - ADR COMMON 861567105 645 60000.00 SH SOLE 60000.00
SUN ENERGY PRTNERS-LP COMMON 866719107 114 20000.00 SH SOLE 20000.00
SUPERIOR CONSULTANT HLDGS COMMON 868146101 617 25000.00 SH SOLE 25000.00
SWIFT TRANSPORTATION COMMON 870756103 1100 50000.00 SH SOLE 50000.00
TECH DATA CORP COMMON 878237106 1530 40000.00 SH SOLE 40000.00
TESORO PETROLEUM CORP COMMON 881609101 1323 83000.00 SH SOLE 83000.00
TEXAS BIOTECH CORP COMMON 88221t104 704 148200.00SH SOLE 148200.00
TEXAS INSTRUMENTS COMMON 882508104 21100 146525.00SH SOLE 146525.00
THE LITTLE BANK, INC COMMON 53700p106 672 62500.00 SH SOLE 62500.00
THERMO ELECTRON COMMON 883556102 12038 600000.00SH SOLE 600000.00
TRANSOCEAN OFFSHORE INC COMMON g90076103 1859 70800.00 SH SOLE 70800.00
TRIANGLE BANCORP INC COMMON 895835106 536 31650.00 SH SOLE 31650.00
TRUSTMARK CORP COMMON 898402102 1258 55000.00 SH SOLE 55000.00
TUBOSCOPE VETCO COMMON 898600101 1369 100000.00SH SOLE 100000.00
TYCO INTL COMMON 902124106 13525 142748.00SH SOLE 142748.00
UNIFAB INTL COMMON 90467l100 570 68000.00 SH SOLE 68000.00
UNILEVER NV NEW YORK SHS COMMON 904784709 11115 159361.93SH SOLE 159361.93
UNITED TECHNOLOGIES CORP COMMON 913017109 395 5492.00 SH SOLE 5492.00
UNUM PROVIDENT CORP COMMON 91529y106 14287 260950.00SH SOLE 260950.00
USWEB CORP COMMON 917327108 1109 50000.00 SH SOLE 50000.00
USX - MARATHON GROUP COMMON 902905827 586 18000.00 SH SOLE 18000.00
VASOMEDICAL INC COMMON 922321104 20 12000.00 SH SOLE 12000.00
5 3000.00 SH DEFINED 3000.00
VENTANA MEDICAL SYSTEMS COMMON 92276h106 268 14000.00 SH SOLE 14000.00
VERSUS TECHNOLOGY INC COMMON 925313108 4 25000.00 SH SOLE 25000.00
VERTEX PHARMACEUTICALS COMMON 92532f100 386 16000.00 SH SOLE 16000.00
WACHOVIA CORP NEW COMMON 929771103 884 10336.00 SH SOLE 10336.00
WAL-MART STORES COMMON 931142103 6832 141600.00SH SOLE 141600.00
WARNER LAMBERT CO COMMON 934488107 11064 160065.00SH SOLE 160065.00
WASHINGTON MUTUAL INC COMMON 939322103 854 24000.00 SH SOLE 24000.00
WASTE MANAGEMENT INC COMMON 94106l109 14343 266850.00SH SOLE 266850.00
WATSON PHARMACEUTICALS COMMON 942683103 3861 110120.00SH SOLE 110120.00
90 2580.00 SH DEFINED 2580.00
WEBTRENDS CORP COMMON 94844D104 1384 30000.00 SH SOLE 30000.00
WINSTAR COMMUNICATIONS INC COMMON 975515107 731 15000.00 SH SOLE 15000.00
WINSTON HOTELS INC COMMON 97563a102 825 80000.00 SH SOLE 80000.00
WORLD ACCESS INC COMMON 98141a101 1130 80000.00 SH SOLE 80000.00
CCB EQUITY FUND MF 12500e307 3295 143574.211SH SOLE 143574.211
FIDELITY DAILY MONEY FUND US T MF 233809706 32 31859.020SH SOLE 31859.020
JANUS WORLDWIDE FUND MF 471023309 242 4535.167 SH SOLE 4535.167
PARK AVENUE GUARDIAN CASH MGMT MF 700159866 37 36774.130SH SOLE 36774.130
VANGUARD H/Y TAX-EXEMPT FD MF 922907407 311 29436.336SH SOLE 29436.336
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