UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 March 4, 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.
<PAGE>
<TABLE> <C> <C>
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 1038 50000.00 SH SOLE 50000.00
ABACAN RES CORP COMMON 002919108 34 1033700.00SH SOLE 1033700.00
ABBOTT LABORATORIES COMMON 002824100 5398 153400.00SH SOLE 153400.00
ADVANCED FIBRE COMM COMMON 00754a105 1599 25500.00 SH SOLE 25500.00
ALCOA INC COMMON 013817101 11948 170085.00SH SOLE 170085.00 50.00
4 50.00 SH DEFINED 50.00
ALPHARMA INC 'A' COMMON 020813101 3734 101600.00SH SOLE 101600.00
ALTERA CORP COMMON 021441100 232 2600.00 SH SOLE 2600.00
AMERICA ONLINE, INC. COMMON 02364J104 10709 158800.00SH SOLE 158800.00
AMERICAN EAGLE OUTFITTERS COMMON 02553e106 1897 50000.00 SH SOLE 50000.00
AMERICAN EXPRESS COMMON 025816109 11667 78333.00 SH SOLE 78333.00
AMERICAN GENERAL CORP COMMON 026351106 271 4831.00 SH SOLE 4831.00
AMERICAN HOME PRODUCTS COMMON 026609107 17450 324650.00SH SOLE 324650.00
AMERICAN INTL GROUP COMMON 026874107 9914 90542.00 SH SOLE 90542.00
AMERICAN TELEPHONE & TELE COMMON 001957109 15798 280544.00SH SOLE 280544.00
AMR CORP COM COMMON 001765106 3188 100000.00SH SOLE 100000.00
ANADARKO PETROLEUM COMMON 032511107 2182 56400.00 SH SOLE 56400.00
ANCOR COMMUNICATIONS INC COMMON 03332k108 1028 25000.00 SH SOLE 25000.00
APPLE COMPUTER INC COMMON 037833100 13581 100000.00SH SOLE 100000.00
APPLIED MATERIALS COMMON 038222105 11088 117640.00SH SOLE 117640.00
APPLIED THEORY CORP COMMON 03828r104 626 30000.00 SH SOLE 30000.00
ARIBA INC COMMON 04033v104 210 1000.00 SH SOLE 1000.00
ASSOCIATES FIRST CAPITAL COMMON 046008108 6697 313295.00SH SOLE 313295.00
ASYST TECHNOLOGIES INC COMMON 04648x107 1755 30000.00 SH SOLE 30000.00
AT & T LIBERTY MEDIA GROUP COMMON 001957208 534 8998.00 SH SOLE 8998.00
AUTOMATIC DATA PROCESSING COMMON 053015103 218 4520.00 SH SOLE 4520.00
AVAX TECHNOLOGIES INC COMMON 053495305 115 10000.00 SH SOLE 10000.00
AVERY-DENNISON COMMON 053611109 424 6950.00 SH SOLE 6950.00
AXA -SPONS ADR COMMON 054536107 12273 171200.00SH SOLE 171200.00
BANK OF AMERICA CORP COMMON 060505104 1223 23323.00 SH SOLE 23323.00
BARRETT RESRCE COMMON 068480201 3333 111800.00SH SOLE 111800.00
BB & T COMMON 054937107 214 7630.00 SH SOLE 7630.00
BEASLEY BROADCAST GRP INC -A COMMON 074014101 930 100500.00SH SOLE 100500.00
BELLSOUTH CORP COMMON 079860102 547 11668.00 SH SOLE 11668.00
BIOCHEM PHARMA COMMON 09058T108 662 29900.00 SH SOLE 29900.00
BIOMET COMMON 090613100 506 13900.00 SH SOLE 13900.00
BNP RESIDENTIAL PPTYS INC COMMON 05564t103 207 26700.00 SH SOLE 26700.00
BORON LEPORE & ASSOC COMMON 10001p102 1582 178300.00SH SOLE 178300.00
BP AMOCO PLC COMMON 055622104 7645 143560.52SH SOLE 143560.52
BRISTOL MYERS SQUIBB CO COMMON 110122108 546 9418.00 SH SOLE 9418.00
BURLINGTON INDS COMMON 121693105 109 25000.00 SH SOLE 25000.00
BURLINGTON RESOURCES COMMON 122014103 7491 202450.00SH SOLE 202450.00
C & F FINANCIAL CORP COMMON 12466Q104 414 36800.00 SH SOLE 36800.00
C3 INC/NC COMMON 22942p109 984 150000.00SH SOLE 150000.00
CALEDONIAN PACIFIC MINERALS-CD COMMON q1958y107 5 10000.00 SH SOLE 10000.00
CALLON PETROLEUM COMMON 13123x102 849 70000.00 SH SOLE 70000.00
CAPITAL ONE FINANCIAL COMMON 14040h105 3360 70090.00 SH SOLE 70090.00
CAROLINA POWER & LIGHT CO COMMON 144141108 223 6865.96 SH SOLE 6865.96
CATALYTICA INC. COMMON 148885106 1311 90000.00 SH SOLE 90000.00
CATERPILLAR INC COMMON 149123101 3944 100000.00SH SOLE 100000.00
CENDANT CORP COMMON 151313103 8880 480000.00SH SOLE 480000.00
CENTURA BANK COMMON 15640T100 2389 52155.50 SH SOLE 52155.50
CHAMPION INTL CORP COMMON 158525105 4184 78575.00 SH SOLE 78575.00 50.00
3 50.00 SH DEFINED 50.00
CHASE MANHATTAN COMMON 16161A108 30059 344765.00SH SOLE 344765.00
CHEVRON CORP COMMON 166751107 5827 63037.00 SH SOLE 63037.00
CHIEFTAIN INTL INC COMMON 16867c101 1006 50000.00 SH SOLE 50000.00
CISCO SYSTEMS INC COMMON 17275r102 38134 493246.00SH SOLE 493246.00
CITIGROUP INC. COMMON 172967101 29719 496348.00SH SOLE 496348.00
CMGI INC COMMON 125750109 236 2080.00 SH SOLE 2080.00
COCA-COLA CO COMMON 191216100 613 13065.00 SH SOLE 13065.00
COLLATERAL THERAPEUTICS COMMON 193921103 1141 26000.00 SH SOLE 26000.00
COLONIAL BANCGROUP INC COMMON 195493309 1613 150000.00SH SOLE 150000.00
COMCAST CL A SPL (NON-VTG) COMMON 200300200 295 6800.00 SH SOLE 6800.00
COMMSCOPE INC COMMON 203372107 914 20000.00 SH SOLE 20000.00
COMPAQ COMPUTER CORP COMMON 204493100 22078 817700.00SH SOLE 817700.00
COMPUTER SCIENCES CORP COMMON 205363104 327 4134.00 SH SOLE 4134.00
CONE MILLS COMMON 206814105 302 70000.00 SH SOLE 70000.00
CONRAD INDUSTRIES COMMON 208305102 675 150000.00SH SOLE 150000.00
COPPER MTN NETWORKS-CL A COMMON 217510106 709 8650.00 SH SOLE 8650.00
CORE LABS COMMON N22717107 1721 59200.00 SH SOLE 59200.00
CREE RESEARCH COMMON 225447101 4628 41000.00 SH SOLE 41000.00
CRESCENT REAL ESTATE EQT CO COMMON 225756105 229 13100.00 SH SOLE 13100.00
CYPRESS SEMI CORP COMMON 232806109 4900 100000.00SH SOLE 100000.00
DAIMLERCHRYSLER AG COMMON d1668r123 383 5853.00 SH SOLE 5853.00
DELL COMPUTER COMMON 247025109 17659 327400.00SH SOLE 327400.00 50.00
3 50.00 SH DEFINED 50.00
DISNEY (WALT) CO COMMON 254687106 18991 460393.00SH SOLE 460393.00 100.00
4 100.00 SH DEFINED 100.00
DUKE ENERGY COMMON 264399106 3178 60529.00 SH SOLE 60529.00
DUKE-WEEKS REALTY CORP COMMON 264411505 557 29100.00 SH SOLE 29100.00
DUPONT COMMON 263534109 10434 197105.00SH SOLE 197105.00 50.00
3 50.00 SH DEFINED 50.00
ECLIPSYS CORP COMMON 278856109 484 25000.00 SH SOLE 25000.00
EDISON INTERNATIONAL COMMON 281020107 1656 100000.00SH SOLE 100000.00
ELTRAX SYSTEMS INC COMMON 290375104 1331 100000.00SH SOLE 100000.00
EMC CORP COMMON 268648102 20812 165175.00SH SOLE 165175.00
EMERSON ELECTRIC COMMON 291011104 653 12300.00 SH SOLE 12300.00
EMULEX COMMON 292475209 546 5000.00 SH SOLE 5000.00
ENSCO INTERNATIONAL INC COMMON 26874Q100 6845 189475.00SH SOLE 189475.00
EQUITY INCOME FUND (AT & T) COMMON 294700703 233 1183.00 SH SOLE 1183.00
ERICSSON (LM) TEL-SP ADR COMMON 294821400 1107 11800.00 SH SOLE 11800.00
EVERGREEN RESOURCES COMMON 299900308 532 22000.00 SH SOLE 22000.00
EXXONMOBIL CORPORATION COMMON 30231G102 19808 254149.00SH SOLE 254149.00
FAIRCHILD SEMICON INTL CL-A COMMON 303726103 913 25000.00 SH SOLE 25000.00
FANNIE MAE COMMON 313586109 4189 74060.00 SH SOLE 74060.00
FEDERATED DEPT STORES COMMON 31410H101 14320 338925.00SH SOLE 338925.00
FINISAR CORPORATION COMMON 31787a101 733 5000.00 SH SOLE 5000.00
FIRST DATA CORP COMMON 319963104 401 9034.00 SH SOLE 9034.00
FIRST FINANCIAL HLDGS INC COMMON 320239106 848 60000.00 SH SOLE 60000.00
FIRST UNION CORP COMMON 337358105 677 18172.00 SH SOLE 18172.00
FLOWERS IND COMMON 343496105 6024 396659.00SH SOLE 396659.00
FOREST OIL CORP COMMON 346091606 1594 150000.00SH SOLE 150000.00
FREDDIE MAC COMMON 313400301 582 13161.00 SH SOLE 13161.00
GALAXY ONLINE INC COMMON 36318d102 26 10000.00 SH SOLE 10000.00
GENERAL ELECTRIC COMMON 369604103 33552 215598.00SH SOLE 215598.00
GENERAL MLS INC COMMON 370334104 1462 40400.00 SH SOLE 40400.00
GENTEX CORP COMMON 371901109 2224 60000.00 SH SOLE 60000.00
GENZYME SURGICAL PRODUCTS COMMON 372917609 416 35400.00 SH SOLE 35400.00
GEORGIA PACIFIC COMMON 373298108 4399 111200.00SH SOLE 111200.00
GILEAD COMMON 375558103 203 3200.00 SH SOLE 3200.00
GILLETTE CO COMMON 375766102 496 13158.00 SH SOLE 13158.00
GLOBAL IND COMMON 379336100 2516 172000.00SH SOLE 172000.00
GLOBAL MARINE COMMON 379352404 1271 50100.00 SH SOLE 50100.00
GOOD GUYS INC COMMON 382091106 1073 260000.00SH SOLE 260000.00
GOODRICH (B.F.) CO COMMON 382388106 1434 50000.00 SH SOLE 50000.00
GREY WOLF INC COMMON 397888108 3538 898500.00SH SOLE 898500.00
GTE CORP COMMON 362320103 282 3973.00 SH SOLE 3973.00
GUIDANT CORP COMMON 401698105 294 5000.00 SH SOLE 5000.00
HALLIBURTON CO COMMON 406216101 22505 547245.00SH SOLE 547245.00
HANOVER COMPRESSOR COMMON 410768105 1422 25000.00 SH SOLE 25000.00
HEADHUNTER.NET INC COMMON 422077107 903 50000.00 SH SOLE 50000.00
HELIX TECHNOLOGY CORP COMMON 423319102 1201 20000.00 SH SOLE 20000.00
HEWLETT-PACKARD COMMON 428236103 933 7025.00 SH SOLE 7025.00
HIGHWOOD PROPERTIES INC. COMMON 431284108 242 11300.00 SH SOLE 11300.00
HOME DEPOT COMMON 437076102 3655 56673.00 SH SOLE 56673.00
HONEYWELL INTERNATIONAL INC COMMON 438516106 24054 456535.00SH SOLE 456535.00 150.00
8 150.00 SH DEFINED 150.00
HOSPITALITY PROPERTIES TRUST COMMON 44106m102 251 12400.00 SH SOLE 12400.00
HOUSEHOLD INTL INC COMMON 441815107 256 6850.00 SH SOLE 6850.00
I2 TECHNOLOGIES COMMON 465754109 885 7250.00 SH SOLE 7250.00
IBM COMMON 459200101 14883 126127.67SH SOLE 126127.67 50.00
6 50.00 SH DEFINED 50.00
ICG COMMUNICATIONS INC COMMON 1987 55000.00 SH SOLE 55000.00
IDEXX LABORATORIES COMMON 45168d104 1166 50000.00 SH SOLE 50000.00
IMPERIAL CHEMICAL IND ADR COMMON 452704505 1000 31000.00 SH SOLE 31000.00
INSO CORPORATION COMMON 457674109 1013 75000.00 SH SOLE 75000.00
INTEL CORP COMMON 458140100 51076 387119.00SH SOLE 387119.00 50.00
7 50.00 SH DEFINED 50.00
INTERMEDIA COMMUNICATIONS COMMON 458801107 966 20000.00 SH SOLE 20000.00
INTERNATIONAL ISOTOPES INC COMMON 45972c102 458 72500.00 SH SOLE 72500.00
INTRANET SOLUTIONS INC COMMON 460939309 1150 25000.00 SH SOLE 25000.00
IRI INTL CORP COMMON 45004f107 1888 200000.00SH SOLE 200000.00
JDN REALTY CORP COMMON 465917102 1038 100000.00SH SOLE 100000.00
JDS UNIPHASE CORP COMMON 46612j101 880 7300.00 SH SOLE 7300.00
JEFFERSON-PILOT COMMON 475070108 3906 58685.00 SH SOLE 58685.00
JOHNSON & JOHNSON COMMON 478160104 1671 23787.00 SH SOLE 23787.00
KEY ENERGY COMMON 492914106 1156 100000.00SH SOLE 100000.00
KIMBERLY CLARK CORP COMMON 494368103 1121 20000.00 SH SOLE 20000.00
KINDER MORGAN INC COMMON 49455P101 1725 50000.00 SH SOLE 50000.00
LEAR CORPORATION COMMON 521865105 1688 60000.00 SH SOLE 60000.00
LIGAND PHARM COMMON 53220K207 1143 64400.00 SH SOLE 64400.00
LOWE'S COS COMMON 548661107 23035 394600.00SH SOLE 394600.00 50.00
3 50.00 SH DEFINED 50.00
LUCENT TECH INC COMMON 549463107 24019 392147.00SH SOLE 392147.00 50.00
3 50.00 SH DEFINED 50.00
MARSH & MCLENNAN COS INC COMMON 571748102 207 1875.00 SH SOLE 1875.00
MAVERICK TUBE COMMON 577914104 1622 50000.00 SH SOLE 50000.00
MCI WORLDCOM INC COMMON 55268b106 13653 301307.75SH SOLE 301307.75
MEDAREX INC COMMON 583916101 754 15000.00 SH SOLE 15000.00
MEDTRONIC, INC COMMON 585055106 2917 56710.00 SH SOLE 56710.00
MERCK & CO COMMON 589331107 8182 131709.00SH SOLE 131709.00
MERRILL LYNCH & CO INC COMMON 590188108 19089 181800.00SH SOLE 181800.00
MICRON TECHNOLOGY INC COM COMMON 595112103 536 4250.00 SH SOLE 4250.00
MICROSOFT CORP COMMON 594918104 31362 295172.00SH SOLE 295172.00
MITCHELL ENERGY & DEV CORP CL COMMON 606592301 601 27300.00 SH SOLE 27300.00
MONSANTO CO COMMON 611662107 249 4834.00 SH SOLE 4834.00
MORGAN ST DEAN WITTER, DISC & COMMON 617446448 12090 145880.00SH SOLE 145880.00
MOTOROLA INC COMMON 620076109 365 2500.00 SH SOLE 2500.00
NETRO CORP COMMON 64114r109 650 10000.00 SH SOLE 10000.00
NETWORK ASSOC COMMON 640938106 16319 506000.00SH SOLE 506000.00
NEWFIELD EXPLOR COMMON 651290108 705 20000.00 SH SOLE 20000.00
NEWPARK RESOURCE COMMON 651718504 1200 150000.00SH SOLE 150000.00
NEWS CORP LTD ADS COMMON 652487703 2038 36225.00 SH SOLE 36225.00
NOKIA COMMON 654902204 1583 7130.00 SH SOLE 7130.00
NORTEL NETWORKS CORP COMMON 656568102 1085 8600.00 SH SOLE 8600.00
NORTH AM VAC COMMON 657201109 172 63900.00 SH SOLE 63900.00
NOVELLUS SYSTEMS COMMON 670008101 2447 43600.00 SH SOLE 43600.00
OAKWOOD HOMES COMMON 674098108 1300 341100.00SH SOLE 341100.00
OCEAN ENERGY INC COMMON 67481e106 7731 537830.00SH SOLE 537830.00
OCEANEERING INTL COMMON 675232102 2344 125000.00SH SOLE 125000.00
ORACLE SYSTEMS CORP COMMON 68389X105 539 6900.00 SH SOLE 6900.00
OSTEOTECH COMMON 688582105 2304 172287.00SH SOLE 172287.00
PAIRGAIN TECHNOLOGIES INC COMM COMMON 695934109 654 35000.00 SH SOLE 35000.00
PANAMSAT CORP COMMON 697933109 4906 100000.00SH SOLE 100000.00
PANDA PROJECT COMMON 69833f104 173 539100.00SH SOLE 539100.00
PATTERSON ENGY COMMON 703414102 3223 101500.00SH SOLE 101500.00
PENNSYLVANIA REAL ESTATE INV T COMMON 709102107 903 55566.00 SH SOLE 55566.00
PEOPLES BANK OF BRIDGEPORT CT COMMON 710198102 503 24000.00 SH SOLE 24000.00
PEPSICO INC COMMON 713448108 404 11590.00 SH SOLE 11590.00
PEREGRINE SYSTEMS INC COMMON 71366q101 671 10000.00 SH SOLE 10000.00
PFIZER INC COMMON 717081103 2551 69775.00 SH SOLE 69775.00
PHARMA PROD DEV COMMON 717124101 2160 127500.00SH SOLE 127500.00 1000.00
17 1000.00 SH DEFINED 1000.00
PHARMACEUTICAL RESOURCES COMMON 717125108 2317 370700.00SH SOLE 370700.00
PHARMACIA & UPJOHN INC COMMON 716941109 12079 203000.00SH SOLE 203000.00
PHOTRONICS INC COMMON 719405102 494 14000.00 SH SOLE 14000.00
PIONEER NATURAL RES COMMON 723787107 529 50377.00 SH SOLE 50377.00
PITNEY BOWES INC COMMON 724479100 745 16666.00 SH SOLE 16666.00
POST PROPERTIES INC COMMON 737464107 242 6000.00 SH SOLE 6000.00
PRI AUTOMATION COMMON 69357h106 1223 20000.00 SH SOLE 20000.00
PRIDE INTL INC COMMON 741932107 3827 167290.00SH SOLE 167290.00
PROCTER & GAMBLE CO COMMON 742718109 482 8536.00 SH SOLE 8536.00
PROTEIN DESIGN LABS INC COMMON 74369l103 795 10000.00 SH SOLE 10000.00
PSINET, INC COMMON 74437c101 750 22050.00 SH SOLE 22050.00
QUINTILES TRANSNAT'L COMMON 748767100 340 19900.00 SH SOLE 19900.00
R & B FALCON CORP COMMON 74912e101 6962 353630.00SH SOLE 353630.00
REMEC INC COMMON 759543101 2525 50000.00 SH SOLE 50000.00
RENTECH INC COMMON 760112102 993 297000.00SH SOLE 297000.00
REPLIGEN CORP COMMON 759916109 96 10000.00 SH SOLE 10000.00
ROYAL CARIBBEAN CRUISES LTD COMMON 1400 50000.00 SH SOLE 50000.00
ROYAL DUTCH PETE CO COMMON 780257804 4108 71050.00 SH SOLE 71050.00
S3 INC COMMON 784849101 2100 100000.00SH SOLE 100000.00
SABRE GROUP COMMON 785905100 3429 93944.00 SH SOLE 93944.00
SANTA FE INTL COMMON g7805c108 4239 114575.00SH SOLE 114575.00
SAP AG COMMON 803054204 15425 258153.00SH SOLE 258153.00 100.00
6 100.00 SH DEFINED 100.00
SAWTEK INC COMMON 805468105 2628 50000.00 SH SOLE 50000.00
SCHEIN PHARMACEUTICAL INC COMMON 806416103 772 46950.00 SH SOLE 46950.00
SCHERING PLOUGH CORP COMMON 806605101 318 8560.00 SH SOLE 8560.00
SCHLUMBERGER LTD COMMON 806857108 1876 24525.00 SH SOLE 24525.00
SHAW GROUP INC COMMON 820280105 2644 75000.00 SH SOLE 75000.00
SHIRE PHARMACEUTICALS GRP COMMON g81083100 4425 259500.00SH SOLE 259500.00
SMITHFIELD FOODS COMMON 832248108 41493 2074666.00SH SOLE 2074666.00
SMITHFIELD FOODS COMMON 832248108 97708 4885418.00SH SOLE 4885418.00
SMITHKLINE BEECHAM ADS COMMON 832378301 522 7900.00 SH SOLE 7900.00
SONICWALL INC COMMON 835470105 999 15000.00 SH SOLE 15000.00
SPEEDFAM-IPEC INC COMMON 847705100 719 36200.00 SH SOLE 36200.00
SPIDER RESOURCES INC COMMON 84844c107 1 10000.00 SH SOLE 10000.00
SPIEKER PROPERTIES INC COMMON 848497103 267 6000.00 SH SOLE 6000.00
SPRINT CORP (FON GROUP) COMMON 852061100 1124 17776.00 SH SOLE 17776.00
STANDARD & POOR'S DEP RCPTS COMMON 78462f103 1586 10550.00 SH SOLE 10550.00
STOLT COMEX SEAWAY S.A. - ADR COMMON 861567105 623 60000.00 SH SOLE 60000.00
STONE ENERGY COMMON 861642106 2463 50000.00 SH SOLE 50000.00
SUN MICROSYSTEMS INC COMMON 866810104 1359 14500.00 SH SOLE 14500.00
SUPERIOR CONSULTANT HLDGS COMMON 868146101 757 45000.00 SH SOLE 45000.00
T ROWE PRICE ASSOC COMMON 741477103 237 6000.00 SH SOLE 6000.00
TARGET CORP COMMON 87612e106 3164 42325.00 SH SOLE 42325.00
TELCOM SEMICONDUCTOR COMMON 87921p107 1513 50000.00 SH SOLE 50000.00
TEREX CORP COMMON 880779103 2156 150000.00SH SOLE 150000.00
TEXAS INSTRUMENTS COMMON 882508104 29045 181530.00SH SOLE 181530.00
THE LITTLE BANK, INC COMMON 53700p106 578 55000.00 SH SOLE 55000.00
THE VIALINK CO. COMMON 92552q101 330 10000.00 SH SOLE 10000.00
TIDEWATER INC COMMON 886423102 3977 125000.00SH SOLE 125000.00
TIME WARNER INC COMMON 887315109 697 6970.00 SH SOLE 6970.00
TMBR/SHARP DRILLING INC COMMON 1510 123300.00SH SOLE 123300.00
TRANSOCEAN OFFSHORE INC COMMON g90076103 381 7418.36 SH SOLE 7418.36
TRIMERIS INC. COMMON 896263100 1248 25000.00 SH SOLE 25000.00
TRUSTMARK CORP COMMON 898402102 1514 75000.00 SH SOLE 75000.00
TUBOSCOPE VETCO COMMON 898600101 1420 83500.00 SH SOLE 83500.00
TYCO INTL COMMON 902124106 38308 764253.07SH SOLE 764253.07
UNIFAB INTL COMMON 90467l100 544 68000.00 SH SOLE 68000.00
UNILEVER NV NEW YORK SHS COMMON 904784709 963 20000.00 SH SOLE 20000.00
UNION PACIFIC RESOURCES GROUP COMMON 907834105 1451 100042.00SH SOLE 100042.00
UNIT CORP COMMON 909218109 1650 150000.00SH SOLE 150000.00
UNITED TECHNOLOGIES CORP COMMON 913017109 21496 340192.00SH SOLE 340192.00 50.00
3 50.00 SH DEFINED 50.00
VASOMEDICAL INC COMMON 922321104 89 15000.00 SH SOLE 15000.00 3000.00
18 3000.00 SH DEFINED 3000.00
VENTANA MEDICAL SYSTEMS COMMON 92276h106 600 13900.00 SH SOLE 13900.00
VERITAS SOFTWARE CORP COMMON 923436109 426 3250.00 SH SOLE 3250.00
VIRTUALFUND.COM INC COMMON 92825a107 58 10000.00 SH SOLE 10000.00
VODAFONE GROUP ADR COMMON 92857T107 13604 244850.00SH SOLE 244850.00
WACHOVIA CORP NEW COMMON 929771103 1279 18935.13 SH SOLE 18935.13
WAL-MART STORES COMMON 931142103 24720 437520.00SH SOLE 437520.00
WALGREEN CO COM COMMON 931422109 312 12110.00 SH SOLE 12110.00
WARNER LAMBERT CO COMMON 934488107 10948 112072.00SH SOLE 112072.00
WATSON PHARMACEUTICALS COMMON 942683103 2495 62870.00 SH SOLE 62870.00 1200.00
48 1200.00 SH DEFINED 1200.00
WEATHERFORD INTL COMMON 947074100 1193 20400.00 SH SOLE 20400.00
WINSTAR COMMUNICATIONS INC COMMON 975515107 900 15000.00 SH SOLE 15000.00
WINSTON HOTELS INC COMMON 97563a102 1169 150800.00SH SOLE 150800.00
XEROX CORP COMMON 984121103 17011 654250.00SH SOLE 654250.00
XIRCOM INC COMMON 983922105 370 10000.00 SH SOLE 10000.00
ZORAN CORP COMMON 98975f101 1971 35000.00 SH SOLE 35000.00
BRANDYWINE FD INC COM MF 10532D107 305 6022.461 SH SOLE 6022.461
CCB EQUITY FUND MF 12500e307 8449 387217.460SH SOLE 387217.460
DREYFUS EMERGING LEADERS FD MF 26200c502 215 5227.886 SH SOLE 5227.886
FIDELITY DAILY MONEY FUND US T MF 233809706 63 63292.620SH SOLE 63292.620
GAM INTL FD MF 364590109 229 7218.480 SH SOLE 7218.480
JANUS WORLDWIDE FUND MF 471023309 395 4619.138 SH SOLE 4619.138
STRONG BLUE CHIP 100 FUND MF 862917408 205 8686.887 SH SOLE 8686.887
VANGUARD H/Y TAX-EXEMPT FD MF 922907407 155 15312.144SH SOLE 15312.144
VANGUARD INDEX TR 500 PORTFOLI MF 922908108 414 3001.436 SH SOLE 3001.436
HARBOR INTERNATIONAL FUND 411511306 302 7376.136 SH SOLE 7376.136
JANUS INVT FD WORLDWIDE FD 471023309 232 2713.643 SH SOLE 2713.643
JANUS OVERSEAS FUND 471023846 353 8273.752 SH SOLE 8273.752
</TABLE>
