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, 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 January 5, 2000
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>
4FRONT TECHNOLOGIES INC COMMON 351042106 669 50000.00 SH SOLE 50000.00
AAR CORP COMMON 000361105 538 30000.00 SH SOLE 30000.00
ABACAN RES CORP COMMON 002919108 98 1033700.00SH SOLE 1033700.00
ABBOTT LABORATORIES COMMON 002824100 6401 176280.00SH SOLE 176280.00
ABERCROMBIE&FITCH COMMON 002896207 4121 154435.00SH SOLE 154435.00
ADVANCED FIBRE COMM COMMON 00754a105 2234 50000.00 SH SOLE 50000.00
ADVANTA CORP CLASS B COMMON 007942204 422 30000.00 SH SOLE 30000.00
AEGON NV - AMER REG SHS COMMON 007924103 284 2974.00 SH SOLE 2974.00
AIR TRANSPORTATION COMMON 009224304 38 11800.00 SH SOLE 11800.00
ALCOA INC COMMON 013817101 9345 112585.00SH SOLE 112585.00
ALPHARMA INC 'A' COMMON 020813101 2531 82300.00 SH SOLE 82300.00
AMERICAN EXPRESS COMMON 025816109 28181 169507.00SH SOLE 169507.00
AMERICAN GENERAL CORP COMMON 026351106 367 4831.00 SH SOLE 4831.00
AMERICAN HOME PRODUCTS COMMON 026609107 9698 247090.00SH SOLE 247090.00
AMERICAN INTL GROUP COMMON 026874107 19349 178950.00SH SOLE 178950.00
AMERICAN TELEPHONE & TELE COMMON 001957109 22266 438192.00SH SOLE 438192.00 100.00
5 100.00 SH DEFINED 100.00
AMR CORP COM COMMON 001765106 8710 130000.00SH SOLE 130000.00
ANADARKO PETROLEUM COMMON 032511107 1505 44100.00 SH SOLE 44100.00
APACHE CORP COMMON 037411105 3694 100000.00SH SOLE 100000.00
APPLIED MATERIALS COMMON 038222105 9761 77045.00 SH SOLE 77045.00
APPNET SYSTEMS INC COMMON 03831q101 875 20000.00 SH SOLE 20000.00
ASSOCIATES FIRST CAPITAL COMMON 046008108 4560 166195.00SH SOLE 166195.00
ASYST TECHNOLOGIES INC COMMON 04648x107 983 15000.00 SH SOLE 15000.00
AT & T LIBERTY MEDIA GROUP COMMON 001957208 511 8998.00 SH SOLE 8998.00
AUTOMATIC DATA PROCESSING COMMON 053015103 244 4520.00 SH SOLE 4520.00
AVAX TECHNOLOGIES INC COMMON 053495305 66 10000.00 SH SOLE 10000.00
AVERY-DENNISON COMMON 053611109 506 6950.00 SH SOLE 6950.00
AXA -SPONS ADR COMMON 054536107 11729 165200.00SH SOLE 165200.00
BANK OF AMERICA CORP COMMON 060505104 1176 23431.00 SH SOLE 23431.00
BARRETT RESRCE COMMON 068480201 1819 61800.00 SH SOLE 61800.00
BASIN EXP COMMON 070107107 1482 84100.00 SH SOLE 84100.00
BB & T COMMON 054937107 1455 53164.00 SH SOLE 53164.00
BELLSOUTH CORP COMMON 079860102 602 12868.00 SH SOLE 12868.00
BERKSHIRE HATHAWAY-CL B COMMON 084670207 269 147.00 SH SOLE 147.00
BIOCHEM PHARMA COMMON 09058T108 683 31400.00 SH SOLE 31400.00
BIOMET COMMON 090613100 616 15400.00 SH SOLE 15400.00
BJ SERVICES COMMON 055482103 2091 50000.00 SH SOLE 50000.00
BODDIE NOELL RESTAURANT COMMON 096903109 123 14700.00 SH SOLE 14700.00
BOISE CASCADE CORP COMMON 097383103 1013 25000.00 SH SOLE 25000.00
BOMBAY CO COMMON 097924104 900 200000.00SH SOLE 200000.00
BORON LEPORE & ASSOC COMMON 10001p102 1474 226800.00SH SOLE 226800.00
BP AMOCO PLC COMMON 055622104 9725 163960.51SH SOLE 163960.51
BRISTOL MYERS SQUIBB CO COMMON 110122108 598 9318.00 SH SOLE 9318.00
BURLINGTON INDS COMMON 121693105 100 25000.00 SH SOLE 25000.00
BURLINGTON RESOURCES COMMON 122014103 9125 275980.00SH SOLE 275980.00
C & F FINANCIAL CORP COMMON 12466Q104 589 36800.00 SH SOLE 36800.00
C3 INC/NC COMMON 22942p109 364 60000.00 SH SOLE 60000.00
CALEDONIAN PACIFIC MINERALS-CD COMMON q1958y107 1 10000.00 SH SOLE 10000.00
CALLON PETROLEUM COMMON 13123x102 1037 70000.00 SH SOLE 70000.00
CAPITAL ONE FINANCIAL COMMON 14040h105 3426 71090.00 SH SOLE 71090.00
CARNIVAL CORP COMMON 143658102 256 5350.00 SH SOLE 5350.00
CAROLINA POWER & LIGHT CO COMMON 144141108 227 7465.96 SH SOLE 7465.96
CARRIER ACCESS CORP COMMON 144460102 2019 30000.00 SH SOLE 30000.00
CATALYTICA INC. COMMON 148885106 1221 90000.00 SH SOLE 90000.00
CATERPILLAR INC COMMON 149123101 4871 103510.00SH SOLE 103510.00
CENDANT CORP COMMON 151313103 10758 405000.00SH SOLE 405000.00
CENTURA BANK COMMON 15640T100 754 17088.00 SH SOLE 17088.00
CENTURY BUSINESS SERVICES COMMON 156490104 211 25000.00 SH SOLE 25000.00
CHASE MANHATTAN COMMON 16161A108 368 4740.00 SH SOLE 4740.00
CHEVRON CORP COMMON 166751107 5409 62437.00 SH SOLE 62437.00
CHIEFTAIN INTL INC COMMON 16867c101 431 25000.00 SH SOLE 25000.00
CISCO SYSTEMS INC COMMON 17275r102 31923 297998.00SH SOLE 297998.00
CITIGROUP INC. COMMON 172967101 39834 715311.00SH SOLE 715311.00
CMGI INC COMMON 125750109 288 1040.00 SH SOLE 1040.00
COCA-COLA CO COMMON 191216100 828 14218.00 SH SOLE 14218.00
COLGATE-PALMOLIVE CO COMMON 194162103 271 4170.00 SH SOLE 4170.00
COLLATERAL THERAPEUTICS COMMON 193921103 736 38500.00 SH SOLE 38500.00
COLONIAL BANCGROUP INC COMMON 195493309 1297 125000.00SH SOLE 125000.00
COMCAST CL A SPL (NON-VTG) COMMON 200300200 10033 198425.00SH SOLE 198425.00
COMPAQ COMPUTER CORP COMMON 204493100 465 17200.00 SH SOLE 17200.00
COMPUTER SCIENCES CORP COMMON 205363104 391 4134.00 SH SOLE 4134.00
CONE MILLS COMMON 206814105 315 70000.00 SH SOLE 70000.00
CONRAD INDUSTRIES COMMON 208305102 488 150000.00SH SOLE 150000.00
COPPER MTN NETWORKS-CL A COMMON 217510106 422 8650.00 SH SOLE 8650.00
CORE LABS COMMON N22717107 1184 59200.00 SH SOLE 59200.00
CORGENIX MEDICAL CORP COMMON 218724102 2 10000.00 SH SOLE 10000.00
CREE RESEARCH COMMON 225447101 3517 41200.00 SH SOLE 41200.00
DAIMLERCHRYSLER AG COMMON d1668r123 457 5853.00 SH SOLE 5853.00
DAYTON HUDSON COMMON 239753106 16637 226545.00SH SOLE 226545.00
DELL COMPUTER COMMON 247025109 15964 313025.00SH SOLE 313025.00 50.00
3 50.00 SH DEFINED 50.00
DISNEY (WALT) CO COMMON 254687106 703 24043.00 SH SOLE 24043.00
DUKE ENERGY COMMON 264399106 3039 60629.00 SH SOLE 60629.00
DUPONT COMMON 263534109 7828 118830.00SH SOLE 118830.00
ECLIPSYS CORP COMMON 278856109 641 25000.00 SH SOLE 25000.00
EFFICIENT NETWORKS INC COMMON 282056100 262 3850.00 SH SOLE 3850.00
EMC CORP COMMON 268648102 21342 195350.00SH SOLE 195350.00
EMERSON ELECTRIC COMMON 291011104 1180 20570.00 SH SOLE 20570.00
ENSCO INTERNATIONAL INC COMMON 26874Q100 4795 209600.00SH SOLE 209600.00
EQUITY INCOME FUND (AT & T) COMMON 294700703 240 1183.00 SH SOLE 1183.00
ERICSSON (LM) TEL-SP ADR COMMON 294821400 1051 16000.00 SH SOLE 16000.00
EVERGREEN RESOURCES COMMON 299900308 454 23000.00 SH SOLE 23000.00
EXXONMOBIL CORPORATION COMMON 30231G102 21812 270749.12SH SOLE 270749.12
FANNIE MAE COMMON 313586109 21804 349215.00SH SOLE 349215.00
FEDERATED DEPT STORES COMMON 31410H101 15076 298175.00SH SOLE 298175.00
FIRST DATA CORP COMMON 319963104 460 9334.00 SH SOLE 9334.00
FIRST FINANCIAL HLDGS INC COMMON 320239106 960 60000.00 SH SOLE 60000.00
FIRST UNION CORP COMMON 337358105 681 20674.00 SH SOLE 20674.00
FREDDIE MAC COMMON 313400301 1755 37281.00 SH SOLE 37281.00
FUNDTECH LTD COMMON 513 25000.00 SH SOLE 25000.00
GELTEX PHARMACEUTICALS INC COMMON 368538104 320 25000.00 SH SOLE 25000.00
GENERAL DYNAMICS COMMON 369550108 435 8250.00 SH SOLE 8250.00
GENERAL ELECTRIC COMMON 369604103 32365 209147.00SH SOLE 209147.00
GENERAL MLS INC COMMON 370334104 5207 145650.00SH SOLE 145650.00
GENZYME SURGICAL PRODUCTS COMMON 372917609 237 40700.00 SH SOLE 40700.00
GEORGIA PACIFIC COMMON 373298108 5075 100000.00SH SOLE 100000.00
GILLETTE CO COMMON 375766102 546 13258.00 SH SOLE 13258.00
GLOBAL MARINE COMMON 379352404 833 50100.00 SH SOLE 50100.00
GOOD GUYS INC COMMON 382091106 931 100000.00SH SOLE 100000.00
GOODRICH (B.F.) CO COMMON 382388106 1375 50000.00 SH SOLE 50000.00
GREY WOLF INC COMMON 397888108 1744 606500.00SH SOLE 606500.00
GTE CORP COMMON 362320103 316 4473.00 SH SOLE 4473.00
GUIDANT CORP COMMON 401698105 235 5000.00 SH SOLE 5000.00
HALLIBURTON CO COMMON 406216101 20720 514795.00SH SOLE 514795.00
HANOVER COMPRESSOR COMMON 410768105 944 25000.00 SH SOLE 25000.00
HEADHUNTER.NET INC COMMON 422077107 377 30000.00 SH SOLE 30000.00
HEWLETT-PACKARD COMMON 428236103 830 7300.00 SH SOLE 7300.00
HOME DEPOT COMMON 437076102 3896 56673.00 SH SOLE 56673.00
HONEYWELL INTERNATIONAL INC COMMON 438516106 20487 355135.00SH SOLE 355135.00
HOUSEHOLD INTL INC COMMON 441815107 376 10100.00 SH SOLE 10100.00
HUNT (JB) COMMON 445658107 1384 100000.00SH SOLE 100000.00
I2 TECHNOLOGIES COMMON 465754109 780 4000.00 SH SOLE 4000.00
IBM COMMON 459200101 12639 117161.00SH SOLE 117161.00
ICG COMMUNICATIONS INC COMMON 1406 75000.00 SH SOLE 75000.00
IDEXX LABORATORIES COMMON 45168d104 1209 75000.00 SH SOLE 75000.00
IMC GLOBAL INC COMMON 449669100 1638 100000.00SH SOLE 100000.00
IMPERIAL CHEMICAL IND ADR COMMON 452704505 1319 31000.00 SH SOLE 31000.00
INSO CORPORATION COMMON 457674109 1613 50000.00 SH SOLE 50000.00
INTEL CORP COMMON 458140100 23872 290019.00SH SOLE 290019.00
INTERDENT INC COMMON 45865r109 669 83000.00 SH SOLE 83000.00
INTERMEDIA COMMUNICATIONS COMMON 458801107 1164 30000.00 SH SOLE 30000.00
INTERNET CAPITAL GROUP INC COMMON 46059c106 340 2000.00 SH SOLE 2000.00
INTRANET SOLUTIONS INC COMMON 460939309 2590 70000.00 SH SOLE 70000.00
IRI INTL CORP COMMON 45004f107 1000 250000.00SH SOLE 250000.00
JDN REALTY CORP COMMON 465917102 1613 100000.00SH SOLE 100000.00
JDS UNIPHASE CORP COMMON 46612j101 645 4000.00 SH SOLE 4000.00
JEFFERSON-PILOT COMMON 475070108 19699 288630.00SH SOLE 288630.00
JOHNSON & JOHNSON COMMON 478160104 12168 130492.00SH SOLE 130492.00
KELLSTRON INDS COMMON 488035106 529 58000.00 SH SOLE 58000.00
KEY ENERGY COMMON 492914106 1556 300000.00SH SOLE 300000.00
KIMBERLY CLARK CORP COMMON 494368103 1309 20000.00 SH SOLE 20000.00
KINDER MORGAN INC COMMON 49455P101 1009 50000.00 SH SOLE 50000.00
KMART COMMON 482584109 9056 900000.00SH SOLE 900000.00
LCC INTERNATIONAL INC-CL A COMMON 501810105 299 15000.00 SH SOLE 15000.00
LIGAND PHARM COMMON 53220K207 857 66600.00 SH SOLE 66600.00
LOWE'S COS COMMON 548661107 19834 331950.00SH SOLE 331950.00 50.00
3 50.00 SH DEFINED 50.00
LUCENT TECH INC COMMON 549463107 19466 259547.00SH SOLE 259547.00
MAVERICK TUBE COMMON 577914104 1234 50000.00 SH SOLE 50000.00
MCI WORLDCOM INC COMMON 55268b106 25957 489174.00SH SOLE 489174.00
MEDAREX INC COMMON 583916101 1714 46000.00 SH SOLE 46000.00
MEDTRONIC, INC COMMON 585055106 2081 57110.00 SH SOLE 57110.00
MERCK & CO COMMON 589331107 9089 135284.00SH SOLE 135284.00
MERRILL LYNCH & CO INC COMMON 590188108 12547 150600.00SH SOLE 150600.00
MICRON TECHNOLOGY INC COM COMMON 595112103 338 4350.00 SH SOLE 4350.00
MICROSOFT CORP COMMON 594918104 28425 243467.00SH SOLE 243467.00
MITCHELL ENERGY & DEV CORP CL COMMON 606592301 589 27300.00 SH SOLE 27300.00
MORGAN ST DEAN WITTER, DISC & COMMON 617446448 10507 73601.00 SH SOLE 73601.00
NATIONAL-OILWELL INC COMMON 637071101 784 50000.00 SH SOLE 50000.00
NEWPARK RESOURCE COMMON 651718504 919 150000.00SH SOLE 150000.00
NEWS CORP LTD ADS COMMON 652487703 2844 74350.00 SH SOLE 74350.00
NORTH AM VAC COMMON 657201109 288 63900.00 SH SOLE 63900.00
NOVELLUS SYSTEMS COMMON 670008101 1838 15000.00 SH SOLE 15000.00
OAKWOOD HOMES COMMON 674098108 928 291100.00SH SOLE 291100.00
OCEAN ENERGY INC COMMON 67481e106 3011 388480.00SH SOLE 388480.00
OCEANEERING INTL COMMON 675232102 1494 100000.00SH SOLE 100000.00
ORACLE SYSTEMS CORP COMMON 68389X105 387 3450.00 SH SOLE 3450.00
OSTEOTECH COMMON 688582105 974 72787.00 SH SOLE 72787.00
PANDA PROJECT COMMON 69833f104 23 539100.00SH SOLE 539100.00
PATTERSON ENGY COMMON 703414102 1970 151500.00SH SOLE 151500.00
PENNSYLVANIA REAL ESTATE INV T COMMON 709102107 725 49758.00 SH SOLE 49758.00
PEOPLES BANK OF BRIDGEPORT CT COMMON 710198102 507 24000.00 SH SOLE 24000.00
PEPSICO INC COMMON 713448108 528 14990.00 SH SOLE 14990.00
PEREGRINE SYSTEMS INC COMMON 71366q101 1473 17500.00 SH SOLE 17500.00
PFIZER INC COMMON 717081103 2346 72335.00 SH SOLE 72335.00
PHARMA PROD DEV COMMON 717124101 1039 87500.00 SH SOLE 87500.00 1000.00
12 1000.00 SH DEFINED 1000.00
PHARMACEUTICAL RESOURCES COMMON 717125108 1690 342200.00SH SOLE 342200.00
PHILIP MORRIS COS COMMON 718154107 212 9225.00 SH SOLE 9225.00
PITNEY BOWES INC COMMON 724479100 974 20166.00 SH SOLE 20166.00
POWER ONE COMMON 739308104 916 20000.00 SH SOLE 20000.00
PRI AUTOMATION COMMON 69357h106 2014 30000.00 SH SOLE 30000.00
PRIDE INTL INC COMMON 741932107 2447 167290.00SH SOLE 167290.00
PROCTER & GAMBLE CO COMMON 742718109 2447 22336.00 SH SOLE 22336.00
PROVIDIAN FINANCIAL CORP COMMON 74406A102 205 2250.00 SH SOLE 2250.00
QUINTILES TRANSNAT'L COMMON 748767100 4182 223800.00SH SOLE 223800.00
R & B FALCON CORP COMMON 74912e101 4843 365530.00SH SOLE 365530.00
REMEC INC COMMON 759543101 1913 75000.00 SH SOLE 75000.00
REPLIGEN CORP COMMON 759916109 31 10000.00 SH SOLE 10000.00
RHYTHMS NETCONNECTIONS INC COMMON 762430205 775 25000.00 SH SOLE 25000.00
RITE AID CORP COMMON 767754104 10917 981330.00SH SOLE 981330.00
ROYAL DUTCH PETE CO COMMON 780257804 3782 62450.00 SH SOLE 62450.00
S & P 400 MID-CAP DEP RECPT COMMON 595635103 373 4600.00 SH SOLE 4600.00
S3 INC COMMON 784849101 1156 100000.00SH SOLE 100000.00
SANTA FE INTL COMMON g7805c108 1582 61125.00 SH SOLE 61125.00
SAP AG COMMON 803054204 22315 428620.00SH SOLE 428620.00 100.00
5 100.00 SH DEFINED 100.00
SCB COMPUTER COMMON 78388n107 391 125000.00SH SOLE 125000.00
SCHEIN PHARMACEUTICAL INC COMMON 806416103 575 47450.00 SH SOLE 47450.00
SCHERING PLOUGH CORP COMMON 806605101 363 8560.00 SH SOLE 8560.00
SCHLUMBERGER LTD COMMON 806857108 1466 26125.00 SH SOLE 26125.00
SEALED AIR CORP COMMON 81211k100 10363 200000.00SH SOLE 200000.00
SHAW GROUP INC COMMON 820280105 1266 50000.00 SH SOLE 50000.00
SHIRE PHARMACEUTICALS GRP COMMON g81083100 4510 451700.00SH SOLE 451700.00 2000.00
20 2000.00 SH DEFINED 2000.00
SMITHFIELD FOODS COMMON 832248108 129698 5404084.00SH SOLE 5404084.00
SMITHKLINE BEECHAM ADS COMMON 832378301 519 8100.00 SH SOLE 8100.00
SPIDER RESOURCES INC COMMON 84844c107 1 10000.00 SH SOLE 10000.00
SPRINT CORP (FON GROUP) COMMON 852061100 641 9526.00 SH SOLE 9526.00
STANDARD & POOR'S DEP RCPTS COMMON 78462f103 3098 21090.00 SH SOLE 21090.00
STOLT COMEX SEAWAY S.A. - ADR COMMON 861567105 660 60000.00 SH SOLE 60000.00
STONE ENERGY COMMON 861642106 891 25000.00 SH SOLE 25000.00
SUN MICROSYSTEMS INC COMMON 866810104 1363 17600.00 SH SOLE 17600.00
SUPERIOR CONSULTANT HLDGS COMMON 868146101 641 45000.00 SH SOLE 45000.00
T ROWE PRICE ASSOC COMMON 741477103 222 6000.00 SH SOLE 6000.00
TALK.COM INC COMMON 874264104 888 50000.00 SH SOLE 50000.00
TELCOM SEMICONDUCTOR COMMON 87921p107 1050 50000.00 SH SOLE 50000.00
TEREX CORP COMMON 880779103 1737 62600.00 SH SOLE 62600.00
TEXAS INSTRUMENTS COMMON 882508104 19422 201005.00SH SOLE 201005.00
THE LITTLE BANK, INC COMMON 53700p106 550 55000.00 SH SOLE 55000.00
THERMO ELECTRON COMMON 883556102 9000 600000.00SH SOLE 600000.00
TIME WARNER INC COMMON 887315109 504 6970.00 SH SOLE 6970.00
TRIMERIS INC. COMMON 896263100 2008 85000.00 SH SOLE 85000.00
TRUSTMARK CORP COMMON 898402102 1621 75000.00 SH SOLE 75000.00
TUBOSCOPE VETCO COMMON 898600101 1588 100000.00SH SOLE 100000.00
TYCO INTL COMMON 902124106 34506 884778.00SH SOLE 884778.00
UNIFAB INTL COMMON 90467l100 387 68000.00 SH SOLE 68000.00
UNILEVER NV NEW YORK SHS COMMON 904784709 7034 129216.00SH SOLE 129216.00
UNIT CORP COMMON 909218109 1153 150000.00SH SOLE 150000.00
UNITED TECHNOLOGIES CORP COMMON 913017109 343 5282.00 SH SOLE 5282.00
UNUM PROVIDENT CORP COMMON 91529y106 8935 278675.00SH SOLE 278675.00
USWEB CORP COMMON 917327108 1333 30000.00 SH SOLE 30000.00
VASOMEDICAL INC COMMON 922321104 15 15000.00 SH SOLE 15000.00 3000.00
3 3000.00 SH DEFINED 3000.00
VENTANA MEDICAL SYSTEMS COMMON 92276h106 348 14000.00 SH SOLE 14000.00
VERITAS SOFTWARE CORP COMMON 923436109 429 3000.00 SH SOLE 3000.00
VIRTUALFUND.COM INC COMMON 92825a107 48 10000.00 SH SOLE 10000.00
WACHOVIA CORP NEW COMMON 929771103 1294 19030.50 SH SOLE 19030.50
WAL-MART STORES COMMON 931142103 16311 235970.00SH SOLE 235970.00
WALGREEN CO COM COMMON 931422109 443 15160.00 SH SOLE 15160.00
WARNER LAMBERT CO COMMON 934488107 21752 265472.00SH SOLE 265472.00
WASHINGTON MUTUAL INC COMMON 939322103 621 24000.00 SH SOLE 24000.00
WATSON PHARMACEUTICALS COMMON 942683103 2373 66250.00 SH SOLE 66250.00 2580.00
92 2580.00 SH DEFINED 2580.00
WINSTAR COMMUNICATIONS INC COMMON 975515107 1505 20000.00 SH SOLE 20000.00
WINSTON HOTELS INC COMMON 97563a102 1225 150800.00SH SOLE 150800.00
WORLD ACCESS INC COMMON 98141a101 1444 75000.00 SH SOLE 75000.00
WSI INTERACTIVE CORP COMMON 92932n109 7 10000.00 SH SOLE 10000.00
XEROX CORP COMMON 984121103 206 9100.00 SH SOLE 9100.00
BRANDYWINE FD INC COM MF 10532D107 242 5634.592 SH SOLE 5634.592
CCB EQUITY FUND MF 12500e307 6668 325920.014SH SOLE 325920.014
FIDELITY DAILY MONEY FUND US T MF 233809706 107 107211.710SH SOLE 107211.710
GAM INTL FD MF 364590109 232 7218.480 SH SOLE 7218.480
JANUS WORLDWIDE FUND MF 471023309 353 4623.686 SH SOLE 4623.686
VANGUARD H/Y TAX-EXEMPT FD MF 922907407 201 20000.203SH SOLE 20000.203
VANGUARD INDEX TR 500 PORTFOLI MF 922908108 405 2990.973 SH SOLE 2990.973
HARBOR INTERNATIONAL FUND 411511306 309 7376.136 SH SOLE 7376.136
JANUS OVERSEAS FUND 471023846 306 8237.656 SH SOLE 8237.656
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