UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2000
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 October 13, 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>
ABACAN RES CORP COMMON 002919108 4 1033700.00SH SOLE 1033700.00
ABBOTT LABORATORIES COMMON 002824100 9370 197000.00SH SOLE 196800.00
AEGON NV - AMER REG SHS COMMON 007924103 513 13826.00 SH SOLE 13826.00
AFLAC INC COMMON 001055102 6450 100685.00SH SOLE 100685.00
ALCOA INC COMMON 013817101 13922 550020.00SH SOLE 549720.00 100.00
3 100.00 SH DEFINED 100.00
ALLTEL CORP COMMON 020039103 869 16646.00 SH SOLE 16646.00
ALPHARMA INC 'A' COMMON 020813101 5648 92400.00 SH SOLE 92400.00
ALTERA CORP COMMON 021441100 248 5200.00 SH SOLE 5200.00
AMERICA ONLINE, INC. COMMON 02364J104 4421 82252.00 SH SOLE 82252.00
AMERICAN EAGLE OUTFITTERS COMMON 02553e106 1575 50000.00 SH SOLE 50000.00
AMERICAN EXPRESS COMMON 025816109 22304 367152.00SH SOLE 366902.00
AMERICAN GENERAL CORP COMMON 026351106 299 3831.00 SH SOLE 3831.00
AMERICAN HOME PRODUCTS COMMON 026609107 16949 299650.00SH SOLE 299550.00
AMERICAN INTL GROUP COMMON 026874107 14089 147239.00SH SOLE 147139.00
AMERICAN TELEPHONE & TELE COMMON 001957109 11916 405652.00SH SOLE 405652.00
ANADARKO PETROLEUM COMMON 032511107 3334 50169.11 SH SOLE 50169.11
ANHEUSER BUSCH COS INC COMMON 035229103 17 400.00 SH SOLE 400.00
298 7040.00 SH DEFINED 7040.00
APPLIED MATERIALS COMMON 038222105 10645 179465.00SH SOLE 179365.00
56 950.00 SH DEFINED 950.00
ARIBA INC COMMON 04033v104 287 2000.00 SH SOLE 2000.00
ASSOCIATES FIRST CAPITAL COMMON 046008108 1550 40800.00 SH SOLE 40800.00
AT & T LIBERTY MEDIA GROUP COMMON 001957208 338 18796.00 SH SOLE 18796.00
ATWOOD OCEANICS INC COMMON 050095108 2710 65000.00 SH SOLE 65000.00
AUTOMATIC DATA PROCESSING COMMON 053015103 396 5920.00 SH SOLE 5920.00
AVAX TECHNOLOGIES INC COMMON 053495305 78 10000.00 SH SOLE 10000.00
AVERY-DENNISON COMMON 053611109 274 5900.00 SH SOLE 5900.00
AVOCENT CORPORATION COMMON 053893103 2205 40000.00 SH SOLE 40000.00
AXA -SPONS ADR COMMON 054536107 12016 185750.00SH SOLE 185650.00
BAKER HUGHES INC COMMON 057224107 10917 294050.00SH SOLE 293850.00
BANK OF AMERICA CORP COMMON 060505104 1276 24357.00 SH SOLE 24357.00
87 1652.00 SH DEFINED 1652.00
BANK OF NEW YORK COMMON 064057102 235 4200.00 SH SOLE 4200.00
BAXTER INTERNATIONAL INC COMMON 071813109 12067 151188.00SH SOLE 151088.00
BB & T COMMON 054937107 206 6846.00 SH SOLE 6846.00
84 2776.00 SH DEFINED 2776.00
BEASLEY BROADCAST GRP INC -A COMMON 074014101 974 100500.00SH SOLE 100500.00
BELLSOUTH CORP COMMON 079860102 481 11954.00 SH SOLE 11954.00
64 1600.00 SH DEFINED 1600.00
BIOCHEM PHARMA COMMON 09058T108 647 29500.00 SH SOLE 29500.00
BIOGEN INC COMMON 090597105 6210 101800.00SH SOLE 101800.00
BIOMET COMMON 090613100 730 20850.00 SH SOLE 20850.00
BNP RESIDENTIAL PPTYS INC COMMON 05564t103 112 13200.00 SH SOLE 13200.00
BORON LEPORE & ASSOC COMMON 10001p102 584 57000.00 SH SOLE 57000.00
BP AMOCO PLC COMMON 055622104 5976 112758.52SH SOLE 112758.52
BRISTOL MYERS SQUIBB CO COMMON 110122108 18523 324258.00SH SOLE 324058.00
BURLINGTON INDS COMMON 121693105 31 25000.00 SH SOLE 25000.00
BURLINGTON RESOURCES COMMON 122014103 3771 102450.00SH SOLE 102450.00
C & F FINANCIAL CORP COMMON 12466Q104 260 16800.00 SH SOLE 16800.00
CAPITAL ONE FINANCIAL COMMON 14040h105 4794 68420.00 SH SOLE 68420.00
CARNIVAL CORP COMMON 143658102 7544 306350.00SH SOLE 306200.00
CENDANT CORP COMMON 151313103 2991 275000.00SH SOLE 275000.00
CENTURA BANK COMMON 15640T100 2002 52249.00 SH SOLE 52249.00
CHARLES & COLVARD LTD COMMON 159765106 775 200000.00SH SOLE 200000.00
CHASE MANHATTAN COMMON 16161A108 22159 479772.00SH SOLE 479672.00
CHEVRON CORP COMMON 166751107 10762 126237.00SH SOLE 126237.00
CINERGY CORP COMMON 172474108 2314 70000.00 SH SOLE 70000.00
CISCO SYSTEMS INC COMMON 17275r102 22087 399767.00SH SOLE 399667.00
CITIGROUP INC. COMMON 172967101 32949 609461.44SH SOLE 609461.44
COCA-COLA CO COMMON 191216100 660 11972.00 SH SOLE 11972.00
COLONIAL BANCGROUP INC COMMON 195493309 1556 150000.00SH SOLE 150000.00
COMMERCIAL NET LEASE COM COMMON 202218103 242 23300.00 SH SOLE 23300.00
COMMSCOPE INC COMMON 203372107 2450 100000.00SH SOLE 100000.00
COMPAQ COMPUTER CORP COMMON 204493100 15268 553580.00SH SOLE 553580.00
COMPUTER SCIENCES CORP COMMON 205363104 324 4364.00 SH SOLE 4364.00
CONCORD EFS, INC. COMMON 206197105 3572 100575.00SH SOLE 100575.00
CONE MILLS COMMON 206814105 225 50000.00 SH SOLE 50000.00
CONRAD INDUSTRIES COMMON 208305102 1191 150000.00SH SOLE 150000.00
COORSTEK INC COMMON 217020106 2295 60000.00 SH SOLE 60000.00
COPPER MTN NETWORKS-CL A COMMON 217510106 888 23675.00 SH SOLE 23675.00
CORE LABS COMMON N22717107 3296 134200.00SH SOLE 134200.00
COSTCO WHOLESALE COMMON 22160k105 11494 328975.00SH SOLE 328875.00
CP&L ENERGY INC COMMON 12614c106 297 7131.96 SH SOLE 7131.96
CREE RESEARCH COMMON 225447101 2412 20750.00 SH SOLE 20750.00
CRESCENT REAL ESTATE EQT CO COMMON 225756105 292 13100.00 SH SOLE 13100.00
DAIMLERCHRYSLER AG COMMON d1668r123 213 4797.00 SH SOLE 4797.00
DELL COMPUTER COMMON 247025109 13380 434225.00SH SOLE 434075.00 50.00
2 50.00 SH DEFINED 50.00
DELPHI AUTOMOTIVE SYSTEMS COMMON 247126105 13017 860639.00SH SOLE 860639.00
DEVELOPERS DIVERS REALTY CRP COMMON 251591103 200 15500.00 SH SOLE 15500.00
DISNEY (WALT) CO COMMON 254687106 926 24209.00 SH SOLE 24209.00
DMC STRATEX NETWORKS INC COMMON 23322l106 402 25000.00 SH SOLE 25000.00
DUKE ENERGY COMMON 264399106 445 5191.00 SH SOLE 5191.00
172 2000.00 SH DEFINED 2000.00
DUKE-WEEKS REALTY CORP COMMON 264411505 835 34600.00 SH SOLE 34600.00
DUPONT COMMON 263534109 486 11740.00 SH SOLE 11740.00
EEX CORP COMMON 26842v207 963 200000.00SH SOLE 200000.00
EMC CORP COMMON 268648102 28555 288073.00SH SOLE 288073.00
EMERSON ELECTRIC COMMON 291011104 1838 27438.00 SH SOLE 27438.00
ENSCO INTERNATIONAL INC COMMON 26874Q100 4551 118975.00SH SOLE 118975.00
ERICSSON (LM) TEL-SP ADR COMMON 294821400 699 47200.00 SH SOLE 47200.00
EXXONMOBIL CORPORATION COMMON 30231G102 20241 227110.00SH SOLE 227010.00
71 800.00 SH DEFINED 800.00
FANNIE MAE COMMON 313586109 5306 74210.00 SH SOLE 74210.00
FARGO ELECTRONICS COMMON 30744p102 1238 200000.00SH SOLE 200000.00
FEDERAL-MOGUL COMMON 313549107 1359 250000.00SH SOLE 250000.00
FIRST DATA CORP COMMON 319963104 353 9034.00 SH SOLE 9034.00
FIRST UNION CORP COMMON 337358105 677 21032.00 SH SOLE 21032.00
FLOWERS IND COMMON 343496105 6877 352659.00SH SOLE 352659.00
FORD MOTOR COMPANY COMMON 345370860 7970 314870.00SH SOLE 314870.00
FOREST OIL CORP COMMON 346091606 1295 80000.00 SH SOLE 80000.00
FREDDIE MAC COMMON 313400301 655 12110.00 SH SOLE 12110.00
GABLES RESIDENTIAL TR REIT COMMON 362418105 226 8300.00 SH SOLE 8300.00
GALAXY ONLINE INC COMMON 36318d102 11 10000.00 SH SOLE 10000.00
GENERAL ELECTRIC COMMON 369604103 38076 660044.00SH SOLE 659944.00
GENERAL MLS INC COMMON 370334104 1420 40000.00 SH SOLE 40000.00
GENZYME SURGICAL PRODUCTS COMMON 372917609 266 35400.00 SH SOLE 35400.00
GILEAD COMMON 375558103 351 3200.00 SH SOLE 3200.00
GILLETTE CO COMMON 375766102 385 12484.00 SH SOLE 12484.00
GLOBAL CROSSING LTD COMMON g3921a100 7316 236000.00SH SOLE 235850.00
GLOBAL MARINE COMMON 379352404 1547 50100.00 SH SOLE 50100.00
GOODRICH (B.F.) CO COMMON 382388106 2939 75000.00 SH SOLE 75000.00
GRANT PRIDECO INC COMMON 38821g101 1325 60400.00 SH SOLE 60400.00
GREY WOLF INC COMMON 397888108 4013 697900.00SH SOLE 697900.00
GUIDANT CORP COMMON 401698105 353 5000.00 SH SOLE 5000.00
GULF ISLAND FAB COMMON 402307102 881 50000.00 SH SOLE 50000.00
HALLIBURTON CO COMMON 406216101 20098 410695.00SH SOLE 410695.00
HANOVER COMPRESSOR COMMON 410768105 3294 100000.00SH SOLE 100000.00
HARRIS CORP COMMON 413875105 3555 125000.00SH SOLE 125000.00
HELIX TECHNOLOGY CORP COMMON 423319102 2988 100000.00SH SOLE 100000.00
HEWLETT-PACKARD COMMON 428236103 697 7190.00 SH SOLE 7190.00
HOME DEPOT COMMON 437076102 2972 56017.00 SH SOLE 56017.00
HONEYWELL INTERNATIONAL INC COMMON 438516106 27269 765450.00SH SOLE 765150.00 150.00
5 150.00 SH DEFINED 150.00
HORIZON OFFSHORE INC COMMON 44043j105 1763 100000.00SH SOLE 100000.00
HOUSEHOLD INTL INC COMMON 441815107 368 6500.00 SH SOLE 6500.00
HYDRIL COMPANY COMMON 448774109 569 25000.00 SH SOLE 25000.00
I2 TECHNOLOGIES COMMON 465754109 1338 7153.00 SH SOLE 7153.00
IBM COMMON 459200101 21351 189789.10SH SOLE 189789.10 50.00
24 210.00 SH DEFINED 50.00 160.00
INTEL CORP COMMON 458140100 20660 497091.00SH SOLE 496591.00 100.00
60 1450.00 SH DEFINED 100.00 1350.00
INTERNATIONAL ISOTOPES INC COMMON 45972c102 515 152600.00SH SOLE 152600.00
INTERNET CAPITAL GROUP INC COMMON 46059c106 7083 406200.00SH SOLE 406200.00
JDS UNIPHASE CORP COMMON 46612j101 662 6996.00 SH SOLE 6996.00
JEFFERSON-PILOT COMMON 475070108 4055 59749.00 SH SOLE 59749.00
1255 18487.00 SH DEFINED 18487.00
JOHNSON & JOHNSON COMMON 478160104 2296 24437.00 SH SOLE 24437.00
KEY ENERGY COMMON 492914106 981 100000.00SH SOLE 100000.00
KEYCORP NEW COMMON 493267108 1266 50000.00 SH SOLE 50000.00
KINDER MORGAN ENERGY LP COMMON 494550106 270 5700.00 SH SOLE 5700.00
KULICKE & SOFFA INDUSTRIES COMMON 501242101 1331 100000.00SH SOLE 100000.00
LEAR CORPORATION COMMON 521865105 3084 150000.00SH SOLE 150000.00
LOWE'S COS COMMON 548661107 18116 403698.00SH SOLE 403498.00 50.00
2 50.00 SH DEFINED 50.00
MAN(ED&F)GROUP PLC COMMON g2926x107 155 22000.00 SH SOLE 22000.00
MARSH & MCLENNAN COS INC COMMON 571748102 274 2061.00 SH SOLE 2061.00
MAVERICK TUBE COMMON 577914104 4041 150000.00SH SOLE 150000.00
MDU RESOURCES GROUP INC COMMON 552690109 1190 40000.00 SH SOLE 40000.00
MEDAREX INC COMMON 583916101 3519 30000.00 SH SOLE 30000.00
MEDTRONIC, INC COMMON 585055106 3021 58310.00 SH SOLE 58310.00
MERCK & CO COMMON 589331107 9943 133577.00SH SOLE 133577.00
MERRILL LYNCH & CO INC COMMON 590188108 12771 193500.00SH SOLE 193500.00
MICROSOFT CORP COMMON 594918104 25919 429747.00SH SOLE 429597.00
81 1350.00 SH DEFINED 1350.00
MILLENNIUM CELL INC COMMON 60038b105 3883 175000.00SH SOLE 175000.00
MITCHELL ENERGY & DEVELOPMENT- COMMON 606592202 1245 26700.00 SH SOLE 26700.00
MORGAN ST DEAN WITTER, DISC & COMMON 617446448 519 5680.00 SH SOLE 5680.00
MOTOROLA INC COMMON 620076109 15608 552500.00SH SOLE 552200.00
MYLAN LABORATORIES COMMON 628530107 7099 263550.00SH SOLE 263550.00
NABORS INDS COMMON 629568106 10480 200000.00SH SOLE 200000.00
NATIONAL COMMERCE BANC COMMON 635449101 3047 152817.00SH SOLE 152817.00
24 1209.00 SH DEFINED 1209.00
NATIONAL-OILWELL INC COMMON 637071101 1563 50000.00 SH SOLE 50000.00
NET.B@NK INC COMMON 640933107 591 50000.00 SH SOLE 50000.00
NETRO CORP COMMON 64114r109 1481 25000.00 SH SOLE 25000.00
NETWORKS ASSOC COMMON 640938106 4593 203000.00SH SOLE 203000.00
NEWFIELD EXPLOR COMMON 651290108 934 20000.00 SH SOLE 20000.00
NEWPARK RESOURCE COMMON 651718504 925 100000.00SH SOLE 100000.00
NOKIA COMMON 654902204 13700 344120.00SH SOLE 343970.00
NORTEL NETWORKS CORP COMMON 656568102 1760 29550.00 SH SOLE 29550.00
NOVA CHEMICALS CORP COMMON 66977w109 1525 80000.00 SH SOLE 80000.00
NOVELLUS SYSTEMS COMMON 670008101 601 12900.00 SH SOLE 12900.00
OAKWOOD HOMES COMMON 674098108 387 258100.00SH SOLE 258100.00
OCEAN ENERGY INC COMMON 67481e106 4043 261880.00SH SOLE 261880.00
OCEANEERING INTL COMMON 675232102 2477 149000.00SH SOLE 149000.00
OFFICE DEPOT COMMON 676220106 78 10000.00 SH SOLE 10000.00
OSTEOTECH COMMON 688582105 628 65724.00 SH SOLE 65724.00
PANDA PROJECT COMMON 69833f104 36 539100.00SH SOLE 539100.00
PATTERSON ENGY COMMON 703414102 3805 110700.00SH SOLE 110700.00
PENNSYLVANIA REAL ESTATE INV T COMMON 709102107 1016 58266.00 SH SOLE 58266.00
17 1000.00 SH DEFINED 1000.00
PEOPLES BANK OF BRIDGEPORT CT COMMON 710198102 506 24000.00 SH SOLE 24000.00
PEPSICO INC COMMON 713448108 545 11842.00 SH SOLE 11842.00
PEREGRINE SYSTEMS INC COMMON 71366q101 379 20000.00 SH SOLE 20000.00
PFIZER INC COMMON 717081103 4630 103024.00SH SOLE 103024.00
PHARMACEUTICAL RESOURCES COMMON 717125108 2275 313800.00SH SOLE 313800.00
PHILIP MORRIS COS COMMON 718154107 299 10149.00 SH SOLE 10149.00
PHILLIPS PETROLEUM COMMON 718507106 201 3200.00 SH SOLE 3200.00
PHOTRONICS INC COMMON 719405102 1091 50000.00 SH SOLE 50000.00
PIONEER NATURAL RES COMMON 723787107 1424 100377.00SH SOLE 100377.00
PRICELINE.COM INC COMMON 741503106 238 20000.00 SH SOLE 20000.00
PRIDE INTL INC COMMON 741932107 2027 76490.00 SH SOLE 76490.00
PROCTER & GAMBLE CO COMMON 742718109 388 5786.00 SH SOLE 5786.00
PROLOGIS TRUST COMMON 743410102 1344 56600.00 SH SOLE 56600.00
PROTEIN DESIGN LABS INC COMMON 74369l103 3615 30000.00 SH SOLE 30000.00
PROVIDIAN FINANCIAL CORP COMMON 74406A102 1410 11100.00 SH SOLE 11100.00
PSINET, INC COMMON 74437c101 217 22500.00 SH SOLE 22500.00
QLOGIC CORP COMMON 747277101 1769 20100.00 SH SOLE 20100.00
R & B FALCON CORP COMMON 74912e101 2098 75280.00 SH SOLE 75280.00
RENTECH INC COMMON 760112102 1958 1038000.00SH SOLE 1038000.00
REPLIGEN CORP COMMON 759916109 71 10000.00 SH SOLE 10000.00
ROYAL CARIBBEAN CRUISES LTD COMMON v7780t103 3876 150600.00SH SOLE 150600.00
ROYAL DUTCH PETE CO COMMON 780257804 9097 151780.00SH SOLE 151680.00
16 260.00 SH DEFINED 260.00
S1 CORPORATION COMMON 78463b101 298 25000.00 SH SOLE 25000.00
S3 INC COMMON 784849101 1289 125000.00SH SOLE 125000.00
SANTA FE INTL COMMON g7805c108 19322 428775.00SH SOLE 428575.00
SAP AG COMMON 803054204 2425 39431.00 SH SOLE 39431.00 50.00
3 50.00 SH DEFINED 50.00
SAWTEK INC COMMON 805468105 2696 70000.00 SH SOLE 70000.00
SBC COMMUNICATIONS COMMON 78387G103 219 4376.00 SH SOLE 4376.00
9 174.00 SH DEFINED 174.00
SCANA CORP COMMON 80589m102 205 6650.00 SH SOLE 6650.00
SCHERING PLOUGH CORP COMMON 806605101 396 8510.00 SH SOLE 8510.00
SCHLUMBERGER LTD COMMON 806857108 2224 27025.00 SH SOLE 26725.00
SCIOS, INC COMMON 808905103 607 58500.00 SH SOLE 58500.00
SEQUENOM INC COMMON 817337108 843 20000.00 SH SOLE 20000.00
SHAW GROUP INC COMMON 820280105 1763 25000.00 SH SOLE 25000.00
SHIRE PHARMACEUTICALS GRP COMMON g81083100 4461 259500.00SH SOLE 259500.00
103 6000.00 SH DEFINED 6000.00
SMITHFIELD FOODS COMMON 832248108 30402 1158157.00SH SOLE 1158157.00
SMITHFIELD FOODS COMMON 832248108 78970 3008367.00SH SOLE 3008367.00
SMITHKLINE BEECHAM ADS COMMON 832378301 528 7700.00 SH SOLE 7700.00
STANDARD & POOR'S DEP RCPTS COMMON 78462f103 39184 272825.00SH SOLE 272825.00
STONE ENERGY COMMON 861642106 1100 20000.00 SH SOLE 20000.00
SUN MICROSYSTEMS INC COMMON 866810104 940 8050.00 SH SOLE 8050.00
T ROWE PRICE ASSOC COMMON 741477103 282 6000.00 SH SOLE 6000.00
TARGET CORP COMMON 87612e106 2169 84650.00 SH SOLE 84650.00
TEREX CORP COMMON 880779103 1959 150000.00SH SOLE 150000.00
TEXAS INSTRUMENTS COMMON 882508104 12787 270985.00SH SOLE 270835.00
THE LITTLE BANK, INC COMMON 53700p106 516 55000.00 SH SOLE 55000.00
THE MACERICH COMPANY COMMON 554382101 234 11000.00 SH SOLE 11000.00
TIDEWATER INC COMMON 886423102 2275 50000.00 SH SOLE 50000.00
TIME WARNER INC COMMON 887315109 553 7070.00 SH SOLE 7070.00
TMBR/SHARP DRILLING INC COMMON 87257p101 1726 123300.00SH SOLE 123300.00
TRANSOCEAN OFFSHORE INC COMMON g90076103 425 7255.00 SH SOLE 7255.00
TRIMERIS INC. COMMON 896263100 350 5000.00 SH SOLE 5000.00
TRIPATH IMAGING INC COMMON 896942109 700 100000.00SH SOLE 100000.00
TRUSTMARK CORP COMMON 898402102 1463 75000.00 SH SOLE 75000.00
TRW INC COMMON 872649108 3047 75000.00 SH SOLE 75000.00
TYCO INTL COMMON 902124106 21939 422912.00SH SOLE 422512.00
UNIFAB INTL COMMON 90467l100 3876 304000.00SH SOLE 304000.00
UNIT CORP COMMON 909218109 2213 150000.00SH SOLE 150000.00
UNITED DOMINION REALTY TR COMMON 910197102 243 22363.00 SH SOLE 22363.00
UNITED TECHNOLOGIES CORP COMMON 913017109 25406 366867.00SH SOLE 366717.00 50.00
3 50.00 SH DEFINED 50.00
VASOMEDICAL INC COMMON 922321104 73 15000.00 SH SOLE 15000.00 3000.00
15 3000.00 SH DEFINED 3000.00
VENTANA MEDICAL SYSTEMS COMMON 92276h106 368 14500.00 SH SOLE 14500.00
VERIZON COMMUNICATIONS COMMON 92343v104 392 8101.00 SH SOLE 8101.00
38 793.00 SH DEFINED 793.00
VERSO TECHNOLOGIES INC COMMON 925317109 1341 275000.00SH SOLE 275000.00
VERTEX PHARMACEUTICALS COMMON 92532f100 507 6000.00 SH SOLE 6000.00
VIRTUALFUND.COM INC COMMON 92825a107 28 10000.00 SH SOLE 10000.00
WACHOVIA CORP NEW COMMON 929771103 842 14858.16 SH SOLE 14858.16
175 3082.00 SH DEFINED 3082.00
WAL-MART STORES COMMON 931142103 15187 315583.00SH SOLE 315433.00
WALGREEN CO COM COMMON 931422109 450 11850.00 SH SOLE 11850.00
WATSON PHARMACEUTICALS COMMON 942683103 3738 57612.00 SH SOLE 57612.00 1050.00
68 1050.00 SH DEFINED 1050.00
WINSTON HOTELS INC COMMON 97563a102 1325 153600.00SH SOLE 153600.00
9 1000.00 SH DEFINED 1000.00
WORLDCOM INC COMMON 98157d106 11451 376984.00SH SOLE 376784.00
XIRCOM INC COMMON 983922105 1263 50000.00 SH SOLE 50000.00
BB&T GROWTH & INCOME STOCK FUN MF 05527p701 305 16431.109SH SOLE 16431.109
BB&T LARGE COMPANY GROWTH FUND MF 05527p651 159 10719.022SH SOLE 10719.022
BRANDYWINE FD INC COM MF 10532D107 278 6022.461 SH SOLE 6022.461
CCB EQUITY FUND MF 12500e307 8013 374457.458SH SOLE 374457.458
488 22824.030SH DEFINED 22824.030
DREYFUS EMERGING LEADERS FD MF 26200c502 222 5667.039 SH SOLE 5667.039
EQUITY INCOME FUND UT 14 UTIL MF 294700588 43 39551.000SH SOLE 39551.000
EVERGREEN SELECT CORE EQTY-IS MF 299909804 1257 15351.265SH SOLE 15351.265
FIDELITY DAILY MONEY FUND US T MF 233809706 65 64963.370SH SOLE 64963.370
GOLDMAN SACHS CORE US EQTY-A MF 38141w620 279 8049.243 SH SOLE 8049.243
KEMPER GROWTH FUND - A MF 488410101 274 15171.356SH SOLE 15171.356
KEMPER MUNI BOND FUND - A MF 488419201 225 23393.862SH SOLE 23393.862
MFS NORTH CAROLINA MUNI BD-C MF 55273n541 165 14397.593SH SOLE 14397.593
T. ROWE PRICE INTERNATIONAL ST MF 77956H203 468 27859.009SH SOLE 27859.009
VANGUARD GNMA FUND MF 922031307 380 37762.368SH SOLE 37762.368
VANGUARD INDEX TR 500 PORTFOLI MF 922908108 424 3197.191 SH SOLE 3197.191
HARBOR INTERNATIONAL FUND 411511306 292 7376.136 SH SOLE 7376.136
JANUS OVERSEAS FUND 471023846 291 8273.752 SH SOLE 8273.752
</TABLE>
