NATIONAL COMMERCE BANCORPORATION
13F-HR, 2000-11-14
NATIONAL COMMERCIAL BANKS
Previous: NATIONAL COMMERCE BANCORPORATION, 10-Q, EX-27, 2000-11-14
Next: UNIVERSAL ELECTRONICS INC, 10-Q, 2000-11-14



<PAGE>

================================================================================
                                                /------------------------------/
                                                /        OMB APPROVAL          /
                                                /------------------------------/
                                                / OMB Number:        3235-0006 /
                                                / Expires:      April 30, 2000 /
                                                / Estimated average burden     /
                                                / hours per response.... 23.99 /
                                                /------------------------------/

                          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, 2000

 Check here if Amendment [ ]; Amendment Number:
                                              --------------
  This Amendment (Check only one.):     [ ] is a restatement.
                                        [ ] adds new holdings
                                             entries.

 Institutional Investment Manager Filing this Report:

 Name:     National Bank of Commerce

 Address:  One Commerce Square
           Memphis, TN 38150

 Form 13F File Number:  28-1940

 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:    David D. Franks

 Title:   First Vice President

 Phone:   901-415-6416


 Signature, Place, and Date of Signing:

 /s/ David D. Franks        Memphis, TN                   11/14/00
 ------------------------ ----------------------------- --------------
 [Signature]              [City, State]                 [Date]

 Report Type (Check only one.):

 [X]  13F HOLDINGS REPORT.  (Check here if all holdings of this
     reporting manager are reported in this report.)

 [ ]  13F NOTICE.  (Check here if no holdings reported are in this
     report, and all holdings are reported by other reporting
     manager(s).)

 [ ]  13F COMBINATION REPORT.  (Check here if a portion of the
     holdings for this reporting manager are reported in this
     report and a portion are reported by other reporting
     manager(s).)

 List of Other Managers Reporting for this Manager:
 [If there are no entries in this list, omit this section.]

     Form 13F File Number         Name

     28-1940
     ----------------------       ------------------------
     [Repeat as necessary.]


<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
99 CENTS ONLY STORES        Com    65440K106    50.187        533,638    10,633    10,633         0       3       0      0   10,633
A T & T CORP                Com      1957109    29.000      1,127,375    38,875    33,500     5,375       3   6,172    650   26,678
                                                               28,362       978         0       978       2                     978
ABBOTT LABORATORIES         Com      2824100    47.562     12,364,265   259,961   253,506     6,455       3  10,805      0  242,701
                                                              122,565     9,371         0     9,371       2                   9,371
ACNIELSEN CORP              Com      4833109    23.875        361,898    15,158    15,012       146       3     412      0   14,600
AEGON N.V. ORDINARY SHARE   Com      7924103    37.125        603,727    16,262    15,861       401       3     401      0   15,460
AETNA INC                   Com      8117103    58.062      4,361,559    75,119    74,597       522       3     593      0   74,004
                                                               42,327       729         0       729       2                     729
AFFILIATED COMPUTER         Com      8190100    49.875        842,888    16,900    16,900         0       3       0      0   16,900
AKZO NOBEL NV-SPON ADR      Com     10199305    42.125        479,172    11,375    11,375         0       3       0      0   11,375
ALBERTO CULVER CO. CLASS    Com     13068200    25.062      2,522,891   100,666   100,666         0       3       0      0  100,666
ALCOA INC                   Com     13817101    25.312        333,916    13,192    11,496     1,696       3   1,696      0    9,800
ALEXANDER & BALDWIN         Com     14482103    26.000      1,326,000    51,000    51,000         0       3       0      0   51,000
ALLEN TELECOM INC           Com     18091108    16.937        345,515    20,400    20,400         0       3       0      0   20,400
ALLERGAN, INC               Com     18490102    84.406        590,842     7,000     7,000         0       3       0      0    7,000
ALLIED WASTE INDS INC COM   Com     19589308     9.187        780,895    85,000    85,000         0       3       0      0   85,000
ALLMERICA FINANCIAL CORPO   Com     19754100    63.937      5,150,765    80,560    80,560         0       3       0      0   80,560
ALLSTATE CORP               Com     20002101    34.750        298,156     8,580     7,618       962       3   1,132    916    5,570
                                                               43,785     1,260         0      1260       2                   1,260
ALLTEL CORPORATION          Com     20039103    52.187      4,180,440    80,105    80,038        67       3      67      0   79,971
ALPHARMA INC. CLASS A       Com     20813101    61.093        488,744     8,000     8,000         0       3       0      0    8,000
ALZA CORP CLASS A           Com     22615108    86.500        276,800     3,200     3,200         0       3       0      0    3,200
AMERICAN EXPRESS CO         Com     25816109    60.750     11,839,142   194,883   173,871    21,012       3   8,601      0  165,270
                                                               67,979     1,119         0     1,119       2                   1,119
AMERICAN GENERAL CORP       Com     26351106    78.000      2,055,300    26,350    21,235     5,115       3   7,816      0   13,419
                                                              275,340     3,530         0     3,530       2                   3,530
AMERICAN HOME PRODUCTS CO   Com     26609107    56.437     13,656,343   241,975   201,609    40,366       3  26,216  1,000  174,393
AMERICAN INTERNATIONAL GR   Com     26874107    95.687     43,539,212   455,017   410,815    44,202       3  41,072    750  368,993
                                                            1,971,247    20,601         0    20,601       2                  20,601
AMERICAN NATIONAL INSURAN   Com     28591105    63.875        306,600     4,800     4,800         0       3       0      0    4,800
AMERICAN POWER CONVERSION   Com     29066107    19.187        549,516    28,640    28,640         0       3       0      0   28,640
AMERICAN TOWER CORP         Com     29912201    37.687        365,564     9,700     9,700         0       3       0      0    9,700
AMGEN INC                   Com     31162100    69.828      4,364,669    62,506    58,386     4,120       3   6,946      0   51,440
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
AMSOUTH BANCORPORATION      Com     32165102    12.500        388,801    31,104    29,233     1,871       3   1,871      0   27,362
ANADARKO PETROLEUM CORP     Com     32511107    66.460        832,943    12,533    12,370       163       3     163      0   12,207
ANHEUSER BUSCH CO INC       Com     35229103    42.312      3,702,469    87,504    85,904     1,600       3   1,600      0   84,304
ANNTAYLOR STORES CORP       Com     36115103    38.437        384,370    10,000    10,000         0       3       0      0   10,000
APPLIED MATERIALS INC       Com     38222105    59.312      1,835,706    30,950    19,950    11,000       3       0      0   19,950
ARDEN REALTY GROUP INC      Com     39793104    26.812      2,002,856    74,700    74,700         0       3       0      0   74,700
ARROW ELECTRONICS INC       Com     42735100    34.062      4,219,396   123,874   122,660     1,214       3   1,422      0  121,238
                                                               52,387     1,538         0     1,538       2                   1,538
ARTESYN TECHNOLOGIES INC    Com     43127109    29.125        728,125    25,000    25,000         0       3       0      0   25,000
ASSOCIATES FIRST CAPITAL    Com     46008108    38.000        826,918    21,761    13,190     8,571       3   1,014      0   12,176
                                                               24,624       648         0       648       2                     648
AUTOMATIC DATA PROCESSING   Com     53015103    66.875      3,406,546    50,939    50,848        91       3     591      0   50,257
AUTOZONE INC                Com     53332102    22.687      1,202,615    53,009    52,009     1,000       3   1,000  1,000   50,009
AVALONBAY CMNTY INC         Com     53484101    47.687      1,649,970    34,600    34,600         0       3       0      0   34,600
AVNET, INC                  Com     53807103    28.375        913,448    32,192    31,150     1,042       3   1,222      0   29,928
                                                               37,682     1,328         0     1,328       2                   1,328
AVON PRODUCTS INC           Com     54303102    40.875        282,038     6,900     6,900         0       3       0      0    6,900
BISYS CORP                  Com     55472104    77.312        742,195     9,600     9,600         0       3       0      0    9,600
B J SERVICES                Com     55482103    61.125        273,840     4,480     4,480         0       3       0      0    4,480
                                                               35,453       580         0       580       2                     580
BP AMOCO PLC SPON ADR       Com     55622104    53.000      1,437,943    27,131    22,367     4,764       3   9,168      0   13,199
BAKER HUGHES INC WITH RIG   Com     57224107    37.125        572,282    15,415    15,415         0       3       0      0   15,415
BANK OF AMERICA CORP        Com     60505104    52.375      3,992,965    76,238    50,238    26,000       3  15,143    206   34,889
                                                               46,980       897         0       897       2                     897
BAXTER INTERNATIONAL INC    Com     71813109    79.812      2,546,881    31,911    31,811       100       3       0    100   31,711
BECTON, DICKINSON AND CO.   Com     75887109    26.437        286,841    10,850    10,850         0       3   1,600      0    9,250
BED, BATH, & BEYOND         Com     75896100    24.390        530,483    21,750    21,750         0       3       0      0   21,750
BELL & HOWELL CO.           Com     77852101    21.875        544,797    24,905    24,905         0       3       0      0   24,905
BELLSOUTH CORP              Com     79860102    40.500      5,127,017   126,593    94,335    32,258       3  34,651  1,428   58,256
                                                              204,768     5,056         0     5,056       2                   5,056
BELO A.H CORP CL A WITH R   Com     80555105    18.437      3,122,306   169,350   169,350         0       3       0      0  169,350
SMITH CHARLES E RESDNTL R   Com     83219710    45.375      1,411,163    31,100    31,100         0       3       0      0   31,100
BERKSHIRE HATHAWAY INC DE   Com     84670108  0500.000     32,670,000       540       540         0       3       0      0      540
BOEING COMPANY              Com     97023105    64.500      2,119,664    32,863    31,189     1,674       3     874      0   30,315
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
BOSTON PROPERTYS INC COM    Com    101121101    42.937      1,786,179    41,600    41,600         0       3       0      0   41,600
BRANDYWINE REALTY TRUST     Com    105368203    20.250        611,550    30,200    30,200         0       3       0      0   30,200
BRISTOL MYERS SQUIBB CO     Com    110122108    57.500     17,890,838   311,145   248,474    62,671       3  37,718     12  210,744
                                                              925,405    16,094         0    16,094       2                  16,094
BROCADE COMMUNICATIONS SY   Com    111621108   236.000        542,800     2,300     2,300         0       3       0      0    2,300
BROWN & BROWN INC           Com    115236101    31.812        699,864    22,000    22,000         0       3       0      0   22,000
BUCKEYE TECHNOLOGIES INC    Com    118255108    20.750      4,060,256   195,675   195,675         0       3       0      0  195,675
BURLINGTON RESOURCES        Com    122014103    36.812        255,623     6,944     6,522       422       3     422      0    6,100
CBL & ASSOCIATES PPTYS IN   Com    124830100    25.062        516,277    20,600    20,600         0       3       0      0   20,600
CIGNA CORPORATION           Com    125509109   104.400        338,256     3,240     3,090       150       3     150      0    2,940
C.P.I. CORPORATION          Com    125902106    21.250        622,625    29,300    29,300         0       3       0      0   29,300
CSG SYS INTL INC.           Com    126349109    29.000        440,800    15,200    15,200         0       3       0      0   15,200
CACHEFLOW INC.              Com    126946102   143.000        257,400     1,800     1,800         0       3       0      0    1,800
CABOT INDL TR COM SH BEN    Com    127072106    19.937        823,399    41,300    40,800       500       3     500      0   40,300
CABOT OIL & GAS CO          Com    127097103    20.375      3,408,738   167,300   167,300         0       3       0      0  167,300
CALPINE CORP                Com    131347106   104.500      1,417,648    13,566    10,725     2,841       3   3,925      0    6,800
CAMDEN PPTY TR SH BEN INT   Com    133131102    31.000        427,800    13,800    13,800         0       3       0      0   13,800
CANADA LIFE FINANCIAL COR   Com    135113108    30.150      1,054,526    34,976    17,488    17,488       3  17,488      0        0
CANADIAN PACIFIC LTD NEW    Com    135923100    26.000      4,498,000   173,000   173,000         0       3       0      0  173,000
CAP AUTOMOTIVE REIT         Com    139733109    13.000      1,080,560    83,120    83,120         0       3       0      0   83,120
CARRAMERICA RLTY CORP       Com    144418100    30.250      1,403,600    46,400    46,400         0       3       0      0   46,400
CASCADE CORP                Com    147195101    15.562        438,848    28,200    24,200     4,000       3       0      0   24,200
CATELLUS DEVELOMPENT CORP   Com    149111106    17.500      4,702,145   268,694   268,694         0       3       0      0  268,694
CEDAR FAIR LP DEPOSITORY    Com    150185106    18.437      2,611,896   141,666   135,666     6,000       3   6,000      0  129,666
CENDANT CORPORATION         Com    151313103    10.875        274,050    25,200    25,200         0       3       0      0   25,200
CENTERPOINT PROPERTIES      Com    151895109    46.062        948,877    20,600    20,600         0       3       0      0   20,600
CENTURYTEL INC              Com    156700106    27.250      1,524,556    55,947    55,947         0       3       0      0   55,947
                                                              859,411    31,538         0     31538       2                  31,538
CERNER CORP                 Com    156782104    46.437        928,740    20,000    20,000         0       3       0      0   20,000
CHARTER ONE FINANCIAL INC   Com    160903100    24.375        783,973    32,163    32,163         0       3       0      0   32,163
CHEESECAKE FACTORY INC      Com    163072101    43.250        379,519     8,775     8,775         0       3       0      0    8,775
CHEVRON CORPORATION         Com    166751107    85.250      2,569,435    30,140    18,740    11,400       3  11,320      0    7,420
                                                               85,250     1,000         0    85,250       2                  85,250
CHUBB CORP                  Com    171232101    79.125        382,174     4,830     4,830         0       3     148      0    4,682
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
                                                              142,425     1,800         0      1800       2                   1,800
CIENA CORP                  Com    171779101   122.812      1,043,902     8,500     8,500         0       3       0      0    8,500
CITIGROUP INC               Com    172967101    54.062     10,143,653   187,630   131,789    55,841       3  46,126      0   85,663
                                                            1,435,129    26,546         0    26,546       2                  26,546
CLAIRES STORES INC          Com    179584107    18.000        331,650    18,425    18,425         0       3       0      0   18,425
COASTAL CORP                Com    190441105    74.125     20,266,368   273,408   272,673       735       3     385      0  272,288
                                                               30,613       413         0       413       2                     413
COCA COLA CO                Com    191216100    55.125      8,423,540   152,808   109,707    43,101       3  39,251      0   70,456
                                                              478,264     8,676         0     8,676       2                   8,676
COHERENT INC                Com    192479103    68.000      1,088,000    16,000    16,000         0       3       0      0   16,000
COMCAST CLASS A SPECIAL     Com    200300200    40.937      1,199,945    29,312    29,312         0       3       0      0   29,312
COMMERCE BANCORP NJ         Com    200519106    58.187        396,544     6,815     6,815         0       3       0      0    6,815
COML FED CORP COM           Com    201647104    19.125        286,875    15,000    15,000         0       3       0      0   15,000
COMMSCOPE INC               Com    203372107    24.500        269,500    11,000    11,000         0       3       0      0   11,000
COMMUNITY HEALTH SYSTEM I   Com    203668108    32.125        562,188    17,500    17,500         0       3       0      0   17,500
COMPAQ COMPUTER             Com    204493100    27.800      1,878,363    67,567    64,567     3,000       3   3,000      0   61,567
COMVERSE TECH INC           Com    205862402   108.000        334,800     3,100     3,100         0       3       0      0    3,100
CONCORD EFS INC             Com    206197105    35.515      3,083,767    86,830    86,430       400       3       0      0   86,430
CONCURRENT COMPUTER CORP    Com    206710204    19.000        429,400    22,600    22,600         0       3       0      0   22,600
CONEXANT SYS INC            Com    207142100    41.875        321,391     7,675     7,675         0       3       0      0    7,675
CONSOLIDATED STORES CORP    Com    210149100    13.500      2,188,350   162,100   162,100         0       3       0      0  162,100
CORNING INC                 Com    219350105   298.000      1,056,410     3,545     3,545         0       3       0      0    3,545
COUSINS PROPERTIES INC      Com    222795106    43.062        624,399    14,500    14,500         0       3       0      0   14,500
CROWN CASTLE INTL CORP      Com    228227104    31.062        366,532    11,800    11,800         0       3       0      0   11,800
CYTYC CORP                  Com    232946103    43.125        521,813    12,100    12,100         0       3       0      0   12,100
DPL INC                     Com    233293109    29.769        850,649    28,575    23,529     5,046       3   5,046      0   18,483
DAIN RAUSCHER CORP          Com    233856103    93.000        837,000     9,000     9,000         0       3       0      0    9,000
DARDEN RESTAURANTS          Com    237194105    20.812        934,334    44,894    44,394       500       3   1,300      0   43,094
                                                              695,308    33,409         0     33409       2                  33,409
DATASTREAM SYSTEM INC       Com    238124101    12.875        502,125    39,000    39,000         0       3       0      0   39,000
ADR DE BEERS CONS MINES L   Com    240253302    27.687      2,104,212    76,000    76,000         0       3       0      0   76,000
DELL COMPUTER               Com    247025109    30.812        793,748    25,761    25,360       401       3   1,701      7   23,652
DEVRY INC                   Com    251893103    37.625        334,863     8,900     8,900         0       3       0      0    8,900
DISCOUNT AUTO PARTS         Com    254642101     7.625        388,875    51,000    51,000         0       3       0      0   51,000
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
DISNEY COM                  Com    254687106    38.250      7,649,924   199,998   199,727       271       3     271    100  199,356
                                                               41,463     1,084         0      1084       2                   1,084
DOLLAR GENERAL CORP         Com    256669102    16.750      1,317,237    78,641    78,641         0       3       0      0   78,641
DOLLAR THRIFTY AUTOMOTIVE   Com    256743105    19.750        398,654    20,185    20,185         0       3       0      0   20,185
DOVER CORP                  Com    260003108    46.937      1,009,146    21,500    21,500         0       3       0      0   21,500
DOW CHEMICAL CO             Com    260543103    24.937        448,242    17,975    15,950     2,025       3   2,025      0   13,925
DU PONT E I DE NEMOURS &    Com    263534109    40.875      1,353,331    33,109    20,889    12,220       3  15,320    350    5,219
DUKE ENERGY CORP            Com    264399106    85.765        949,418    11,070    10,364       706       3     750      0    9,614
                                                               74,787       872         0       872       2                     872
DUKE REALTY INVESTORS INC   Com    264411505    24.125      1,711,379    70,938    70,938         0       3       0      0   70,938
EMC CORP MASS               Com    268648102    99.250     64,233,309   647,187   623,617    23,570       3   9,652      0  613,965
                                                               44,663       450         0       450       2                     450
EASTMAN KODAK CO            Com    277461109    40.875        260,374     6,370     5,794       576       3   2,199      0    3,595
ECHOSTAR                    Com    278762109    52.750        622,450    11,800    11,800         0       3       0      0   11,800
ECOLAB INC                  Com    278865100    36.062        352,686     9,780     9,780         0       3       0      0    9,780
ELECTRONIC DATA SYS CORP    Com    285661104    41.500     13,138,527   316,591   299,288    17,303       3   4,173    128  294,987
                                                               84,079     2,026         0     2,026       2                   2,026
ELECTRONICS FOR IMAGING I   Com    286082102    25.250      1,010,000    40,000    20,000    20,000       3       0      0   20,000
ENRON CORP                  Com    293561106    87.644        542,692     6,192     5,096     1,096       3     896      0    4,200
EQUIFAX INC                 Com    294429105    26.937      1,936,770    71,900    70,700     1,200       3       0  2,000   68,700
EQUITY INNS INC             Com    294703103     6.625        374,299    56,498    55,736       762       3  42,729      0   13,007
EQUITY OFFICE PROPERTIES    Com    294741103    31.031      2,882,811    92,901    92,901         0       3       0      0   92,901
ESSEX PROPERTY TR           Com    297178105    55.375        487,300     8,800     8,800         0       3       0      0    8,800
ETHAN ALLEN INTERIORS, IN   Com    297602104    28.312        855,022    30,200    30,200         0       3       0      0   30,200
EVERGREEN RESOURCES INC     Com    299900308    34.750        260,625     7,500     7,500         0       3       0      0    7,500
EXAR CORPORATION DELAWARE   Com    300645108   121.000        369,050     3,050     3,050         0       3       0      0    3,050
EXODUS COMMUNICATIONS INC   Com    302088109    49.375      1,242,078    25,156    13,752    11,404       3   5,900      0    7,852
EXXON MOBIL CORP            Com                 89.109        244,872     2,748         0     2,748       2                   2,748
EXPEDITORS INTERNATIONAL    Com    302130109    45.062      7,705,602   171,000   171,000         0       3       0      0  171,000
FACTSET RESEARCH SYSTEMS    Com    303075105    37.600        376,000    10,000    10,000         0       3       0      0   10,000
FEDERAL HOME LOAN MORTGAG   Com    313400301    54.062     18,917,916   349,930   338,486    11,444       3  10,681  1,002  326,803
                                                               17,895       331         0       331       2                     331
FEDERAL NATIONAL MORTGAGE   Com    313586109    71.500     10,770,403   150,635   120,302    30,333       3  10,217      2  110,083
                                                               17,089       239         0       239       2                     239
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
FIFTH THIRD BANCORP         Com    316773100    53.875      7,380,660   136,996   136,996         0       3       0      0  136,996
FIRST DATA CORP             Com    319963104    39.062      1,923,686    49,247    30,052    19,195       3   1,486      0   28,566
                                                               64,569     1,653         0     1,653       2                   1,653
FIRST TENNESSEE NATIONAL    Com    337162101    20.375     12,909,087   633,575   452,569   181,006       3 220,007  2,568  189,994
                                                              118,338     5,808         0     5,808       2                   5,808
FIRST UNION CORP            Com    337358105    32.187      1,228,159    38,157    27,315    10,842       3   7,373      3   19,939
                                                               14,452       449         0       449       2                     449
FIRSTMERIT CORP             Com    337915102    22.937        300,475    13,100    13,100         0       3       0      0   13,100
FLEETBOSTON FINANCIAL COR   Com    339030108    39.000     16,283,241   417,519   400,722    16,797       3   1,188      0  399,534
                                                               49,647     1,273         0     1,273       2                   1,273
FORD MOTOR CO NEW           Com    345370860    25.500        471,794    18,502    17,135     1,367       3   1,570      0   15,565
                                                              199,563     7,826         0     7,826       2                   7,826
FOREST LABS INC             Com    345838106   114.687        920,937     8,030     8,030         0       3       0      0    8,030
FOUNDATION HEALTH SYSTEM    Com    350404109    16.625        767,660    46,175    41,131     5,044       3   5,741      0   35,390
                                                              519,415    31,243         0    31,243       2                  31,243
FRANKLIN ELECTRIC CO INC    Com    353514102    69.000        621,000     9,000     9,000         0       3       0      0    9,000
FRANKLIN RESOURCES          Com    354613101    44.430        288,795     6,500     6,500         0       3       0      0    6,500
FRED'S INC                  Com    356108100    22.437      6,738,056   300,310   150,155   150,155       3 150,155      0        0
GATX CORP.                  Com    361448103    41.875        291,911     6,971     6,971         0       3       0      0    6,971
GANNETT CO INC              Com    364730101    53.000      2,062,124    38,908    38,325       583       3      83      0   38,242
                                                               26,500       500         0       500       2                     500
GAP INC                     Com    364760108    20.062      3,062,204   152,637    82,575    70,062       3  27,150      0   55,425
GENERAL ELECTRIC CO         Com    369604103    57.812     55,614,046   961,981   846,506   115,475       3 143,376  4,650  668,480
                                                              637,493    11,027         0    11,027       2                  11,027
GENERAL GROWTH PROPERTIES   Com    370021107    32.187      1,274,605    39,600    39,600         0       3       0      0   39,600
GENERAL MILLS INC           Com    370334104    35.500      1,664,950    46,900    45,900     1,000       3   2,600      0   43,300
GENERAL MOTORS CORP         Com    370442105    65.000      4,622,865    71,121    69,195     1,926       3   2,430    666   66,099
                                                               49,400       760         0       760       2                     760
GENESCO INC                 Com    371532102    16.937        558,921    33,000    33,000         0       3       0      0   33,000
GENTEX CORP                 Com    371901109    25.000        900,000    36,000    36,000         0       3       0      0   36,000
GEORGIA-PACIFIC CORP COM    Com    373298702    26.875      1,898,772    70,652    70,327       325       3     325      0   70,002
GILLETTE CO                 Com    375766102    30.875      5,229,484   169,376   110,754    58,622       3  22,812    223   87,719
                                                              110,347     3,574         0     3,574       2                   3,574
GOLDEN WEST FINANCIAL COR   Com    381317106    53.625        289,575     5,400     5,400         0       3       0      0    5,400
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
W W GRAINGER                Com    384802104    26.312      1,134,047    43,100    43,100         0       3       0      0   43,100
GUIDANT CORP                Com    401698105    70.687      3,192,508    45,164    44,457       707       3     207      0   44,250
GULF IS FABRICATION INC.    Com    402307102    17.625        431,813    24,500    24,500         0       3       0      0   24,500
HARLEY DAVIDSON             Com    412822108    47.875      1,733,075    36,200    36,200         0       3       0      0   36,200
                                                               38,300       800         0       800       2                     800
HARRAH'S ENTERTAINMENT IN   Com    413619107    27.500        687,005    24,982    24,082       900       3     900      0   23,182
                                                                1,815        66         0        66       2                      66
HARTFORD FINANCIAL SERVIC   Com    416515104    72.875        571,486     7,842     7,292       550       3     649      0    6,643
                                                               36,875       506         0       506       2                     506
HEALTHSOUTH CORP.           Com    421924101     8.062      3,068,743   380,643   216,697   163,946       3  16,303  2,880  197,514
                                                              341,772    42,393         0    42,393       2                  42,393
H.J. HEINZ CO.              Com    423074103    37.062        982,143    26,500    26,500         0       3       0      0   26,500
HEWLETT PACKARD             Com    428236103    97.000      2,355,451    24,283    22,662     1,621       3   1,621      0   21,041
                                                               46,657       481         0       481       2                     481
HILTON HOTEL CORP           Com    432848109    11.812      7,139,339   604,414   601,603     2,811       3   2,811      0  598,792
                                                                1,134        96         0        96       2                      96
HOLLINGER INTL INC CL A     Com    435569108    16.750        692,110    41,320    41,320         0       3       0      0   41,320
HOME DEPOT                  Com    437076102    52.937      5,801,843   109,599    82,211    27,388       3  10,181      0   72,030
                                                               74,112     1,400         0     1,400       2                   1,400
HOME PROPS N.Y. INC.        Com    437306103    29.875        964,963    32,300    32,300         0       3       0      0   32,300
HOME-STAKE OIL & GAS COMP   Com    437356108    10.250      1,445,292   141,004    70,502    70,502       3  70,502      0        0
HONEYWELL INTERNATIONAL I   Com    438516106    35.625      2,914,588    81,813    62,062    19,751       3   1,045    550   60,467
                                                              365,512    10,260         0    10,260       2                  10,260
HOUGHTON MIFFLIN CO         Com    441560109    39.250        549,500    14,000    14,000         0       3       0      0   14,000
HOUSEHOLD INTERNATIONAL I   Com    441815107    56.625      3,009,223    53,143    48,433     4,710       3       0      0   48,433
                                                                6,965       123         0       123       2                     123
HUGHES SUP INC              Com    444482103    19.620        294,300    15,000    15,000         0       3       0      0   15,000
HUMAN GENOME                Com    444903108   173.125        491,675     2,840     2,336       504       3     504      0    1,832
IDEC PHARMACEUTICALS CORP   Com    449370105   175.359        263,039     1,500     1,500         0       3       0      0    1,500
ILLINOIS TOOL WORKS INC     Com    452308109    55.875        550,481     9,852     9,153       699       3     699    323    8,131
IMMUNEX CORP WASHINGTON N   Com    452528102    43.500        364,313     8,375     8,375         0       3       0      0    8,375
                                                               29,363       675         0       675       2                     675
INTEL CORP                  Com    458140100    41.562     12,321,886   296,470   267,999    28,471       3  22,067      0  245,932
                                                               67,247     1,618         0     1,618       2                   1,618
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
INTERNATIONAL BUSINESS MA   Com    459200101   112.625     18,986,435   168,581   113,978    54,603       3  57,688  8,000   48,290
                                                            1,486,537    13,199         0    13,199       2                  13,199
INTERNATIONAL PAPER CO      Com    460146103    28.687        290,915    10,141     9,094     1,047       3     790      0    8,304
                                                               17,585       613         0       613       2                     613
INTERNATIONAL SPEEDWAY CO   Com    460335201    39.000        561,600    14,400    14,400         0       3       0      0   14,400
INTERPUBLIC GROUP OF COMP   Com    460690100    34.062     15,122,301   443,964   400,183    43,781       3   6,481  1,500  392,202
                                                               36,787     1,080         0     1,080       2                   1,080
INTIMATE BRANDS INC.        Com    461156101    18.687      2,830,146   151,450    75,725    75,725       3  15,225      0   60,500
                                                                9,344       500         0       500       2                     500
IRON MOUNTAIN INC.          Com    462846106    37.000        586,450    15,850    15,850         0       3       0      0   15,850
I2 TECHNOLOGIES INC.        Com    465754109   187.062        280,593     1,500     1,500         0       3       0      0    1,500
JEFFERSON PILOT CORP.       Com    475070108    67.875        582,231     8,578     7,157     1,421       3   1,421      0    5,736
JOHNSON & JOHNSON           Com    478160104    93.937      7,259,826    77,284    54,517    22,767       3   8,267      0   46,250
                                                              150,299     1,600         0     1,600       2                   1,600
JOURNAL REGISTER            Com    481138105    16.625      4,696,563   282,500   282,500         0       3       0      0  282,500
KAYDON CORP                 Com    486587108    23.000      3,114,200   135,400   135,400         0       3       0      0  135,400
KIMBERLY CLARK CORP         Com    494368103    55.812      8,186,560   146,681   143,581     3,100       3   2,700    700  140,181
                                                               78,137     1,400         0     1,400       2                   1,400
KING PHARMACEUTICALS INC.   Com    495582108    33.437        941,519    28,158    28,158         0       3       0      0   28,158
KNIGHT RIDDER INC           Com    499040103    50.812      5,319,508   104,690   103,690     1,000       3   1,000      0  102,690
                                                               40,650       800         0       800       2                     800
KOHLS CORP                  Com    500255104    57.687        294,204     5,100     5,100         0       3       0      0    5,100
KROGER CO                   Com    501044101    22.562      1,176,292    52,136    52,136         0       3       0      0   52,136
KROLL O GARA CO.            Com    501050108     6.000        715,770   119,295   119,295         0       3       0      0  119,295
L-3 COMMUNICATIONS HOLDIN   Com    502424104    56.500        468,950     8,300     8,300         0       3       0      0    8,300
LEHMAN BROTHERS HLDGS INC   Com    524908100   148.625        315,233     2,121     2,061        60       3      60      0    2,001
                                                               29,725       200         0       200       2                     200
LENNAR CORP                 Com    526057104    29.750        342,125    11,500    11,500         0       3       0      0   11,500
LIBERTY PROPERTY TRUST      Com    531172104    27.500      1,608,750    58,500    58,500         0       3       0      0   58,500
LILLY ELI & CO              Com    532457108    81.125        965,388    11,900    11,350       550       3   5,350      0    6,000
LILLY INDS INC. CL A        Com    532491107    29.500        507,105    17,190    17,190         0       3       0      0   17,190
LINCOLN NATIONAL CORP IND   Com    534187109    48.125        274,313     5,700     5,700         0       3       0      0    5,700
LIZ CLAIBORNE               Com    539320101    38.500      2,837,412    73,699    43,740    29,959       3   2,083      0   41,657
                                                              401,016    10,416         0    10,416       2                  10,416
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>         <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
LOWES COS INC               Com    548661107    44.875      3,749,037    83,544    42,400    41,144       3  10,200      0   32,200
LUCENT TECHNOLOGIES INC     Com    549463107    30.500      4,540,383   148,865   100,105    48,760       3   7,936    802   91,367
                                                              239,303     7,846         0     7,846       2                   7,846
MGIC INVESTMENT CORP WIS    Com    552848103    61.125        421,763     6,900     6,900         0       3       0      0    6,900
MACDERMID INC.              Com    554273102    21.000        382,200    18,200    18,200         0       3       0      0   18,200
MACK CALI REALTY CORP       Com    554489104    28.187        270,595     9,600     9,600         0       3       0      0    9,600
MANOR CARE INC              Com    564055101    15.687        284,421    18,131    17,281       850       3     850      0   16,431
MARSH & MCLENNAN CO         Com    571748102   132.750        470,732     3,546     3,546         0       3   2,100      0    1,446
MARRIOTT INTL INC NEW COM   Com    571903202    36.437      3,330,998    91,418    90,966       452       3     452      0   90,514
                                                               55,166     1,514         0      1514       2                   1,514
MASCO CORP                  Com    574599106    18.625      3,282,843   176,260    98,720    77,540       3   2,746      0   95,974
                                                              339,310    18,218         0    18,218       2                  18,218
MASTEC INC                  Com    576323109    31.000        311,550    10,050    10,050         0       3       0      0   10,050
MATTEL INC                  Com    577081102    11.500        269,733    23,455    23,229       226       3     226      0   23,003
MAXIMUS INC                 Com    577933104    22.125        274,350    12,400    12,400         0       3       0      0   12,400
MCCORMICK & CO              Com    579780206    29.750        378,420    12,720    12,720         0       3       0      0   12,720
                                                              322,193    10,830         0     10830       2                  10,830
MCDONALDS CORP              Com    580135101    30.187      1,117,312    37,013    35,732     1,281       3   1,281      0   34,451
                                                               72,570     2,404         0     2,404       2                   2,404
MEDICIS PHARMACEUTICAL CO   Com    584690309    61.500        904,050    14,700    14,700         0       3       0      0   14,700
MEDIMMUNE INC COM           Com    584699102    77.250        365,006     4,725     4,725         0       3       0      0    4,725
                                                               40,556       525         0       525       2                     525
MEDTRONIC, INC              Com    585055106    51.812     48,582,558   937,670   745,360   192,310       3 320,715      0  424,645
                                                               76,837     1,483         0     1,483       2                   1,483
MERCK & CO INC              Com    589331107    74.437     17,058,877   229,172   192,173    36,999       3  17,975    240  173,958
                                                               54,339       730         0       730       2                     730
MERCURY INTERACTIVE CORP    Com    589405109   156.750      1,465,613     9,350     9,350         0       3       0      0    9,350
MERRILL LYNCH & CO          Com    590188108    66.000      1,663,200    25,200    25,200         0       3     800      0   24,400
METHODE ELECTRS INC. CL A   Com    591520200    44.312        584,918    13,200    13,200         0       3       0      0   13,200
METRIS COS INC              Com    591598107    39.500      7,355,256   186,209   186,209         0       3       0      0  186,209
MICROSOFT CORP              Com    594918104    60.312     22,747,937   377,171   342,241    34,930       3  12,431    700  329,110
                                                              372,728     6,180         0     6,180       2                   6,180
MILLIPORE CORP              Com    601073109    48.437        418,011     8,630     8,630         0       3       0      0    8,630
MINNESOTA MINING & MANUFA   Com    604059105    91.125        492,713     5,407     4,057     1,350       3   1,750      0    2,307
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:              ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                 Investment Discretion         Voting Authority
                                                                       Share or            (b) Shared Manager
                          Title of    Cusip   Market per  Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share       Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>       <C> <C>      <C>   <C>
MISSISSIPPI VALLEY BANCSH   Com    605720101    25.812       894,128    34,640    34,640         0     3         0       0    34,640
MORGAN J P & CO             Com    616880100   163.375     2,220,103    13,589    11,639     1,950     3     1,331       0    10,308
MORGAN KEEGAN INC           Com    617410105    17.500     4,087,213   233,555   123,071   110,484     3   110,484       0    12,587
MORGAN STANLEY DEAN WITTE   Com    617446448    91.437       411,467     4,500     4,500         0     3         0       0     4,500
MOTOROLA INC                Com    620076109    28.937    14,242,705   492,197   429,066    63,131     3    19,473   1,212   408,381
                                                             343,193    11,860         0    11,860     2                      11,860
NABORS INDUSTRIES INC       Com    629568106    52.400       895,935    17,098    17,098         0     3         0       0    17,098
                                                              12,733       243         0       243     2                         243
NATIONAL COMMERCE BANCORP   Com    635449101    19.937   168,307,316 8,441,958 5,980,011 2,451,947     3 2,823,771 501,734 2,654,506
                                                           3,458,491   173,471         0   173,471     2                     173,471
NATIONAL OILWELL INC        Com    637071101    31.250       728,125    23,300    23,300         0     3         0        0   23,300
NEWELL RUBBERMAID INC       Com    651229106    22.812       436,918    19,153    18,636       517     3       519        0   18,117
                                                              18,136       795         0       795     2                         795
NIKE INC CLASS B            Com    654106103    40.062       372,577     9,300     9,300         0     3         0        0    9,300
NORTEL NETWORKS CORP HOLD   Com    656568102    60.375       378,249     6,265     6,265         0     3         0        0    6,265
NORTHERN TRUST CORP         Com    665859104    88.875       639,900     7,200     7,200         0     3       800        0    6,400
OYO GEOSPACE                Com    671074102    25.000       500,000    20,000    20,000         0     3         0        0   20,000
OCEANEERING INTL INC        Com    675232102    16.625       475,475    28,600    28,600         0     3         0        0   28,600
OCWEN FINANCIAL             Com    675746101     5.875     2,083,863   354,700   354,700         0     3         0        0  354,700
OFFICE DEPOT INCORPORATED   Com    676220106     7.812       323,050    41,353    41,353         0     3         0        0   41,353
OLD REPUBLIC INTERNATIONA   Com    680223104    24.062     1,007,957    41,890    38,470     3,420     3     3,420        0   35,050
OMNICOM GROUP INC           Com    681919106    72.937       915,359    12,550    12,550         0     3         0        0   12,550
PNC BANK CORPORATION        Com    693475105    65.000     2,578,420    39,668    25,217    14,451     3     1,015        0   24,202
PALM INC.                   Com    696642107    52.937       423,125     7,993     7,549       444     3         0        0    7,549
                                                              23,525       444         0       444     2                         444
PATTERSON ENERGY INC        Com    703414102    34.375       828,438    24,100    24,100         0     3         0        0   24,100
PAYCHEX                     Com    704326107    52.500     1,299,375    24,750    24,300       450     3         0        0   24,300
                                                              23,625       450         0       450     2                         450
J C PENNEY INC              Com    708160106    11.812       838,758    71,009    71,009         0     3     1,409        0   69,600
PEPSI BOTTLING GROUP INC.   Com    713409100    30.062     3,397,006   113,000   113,000         0     3         0        0  113,000
PEPSICO INC                 Com    713448108    46.000     8,955,234   194,679   191,236     3,443     3     2,843        0  188,393
                                                              71,530     1,555         0     1,555     2                       1,555
PERKINELMER INC             Com    714046109   104.375       545,881     5,230     4,630       600     3     1,400        0    3,230
PFIZER INC                  Com    717081103    44.906    39,522,489   880,116   824,258    55,858     3    16,748      200  807,310
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
                                                             188,381     4,195         0     4,195       2                   4,195
PHILIP MORRIS COMPANIES I   Com    718154107    29.437     1,314,657    44,660    40,892     3,768       3   3,768      0   37,124
PHILIPS PETROLEUM CO        Com    718507106    62.750       323,414     5,154     5,154         0       3       0      0    5,154
PIONEER NATURAL RESOURCES   Com    723787107    14.187     4,339,520   305,880   305,880         0       3       0      0  305,880
PITNEY-BOWES INC            Com    724479100    39.437       433,807    11,000     9,400     1,600       3   1,600      0    7,800
PLUM CREEK TIMBER CO INC    Com    729251108    22.312       383,766    17,200    14,350     2,850       3   2,850      0   11,500
POGO PRODUCING              Com    730448103    25.375       502,425    19,800    19,800         0       3       0      0   19,800
POPULAR INC                 Com    733174106    27.062       560,454    20,710    20,710         0       3       0      0   20,710
PRAECIS PHARMACEUTICALS I   Com    739421105    42.500       425,000    10,000    10,000         0       3       0      0   10,000
PRENTISS PTTYS TR           Com    740706106    26.125     1,206,975    46,200    46,200         0       3       0      0   46,200
PROCTER & GAMBLE CO         Com    742718109    67.000     5,721,800    85,400    82,900     2,500       3   3,500      0   79,400
                                                              80,400     1,200         0     1,200       2                   1,200
PROGRESSIVE CORP            Com    743315103    81.875     3,643,438    44,500    44,500         0       3       0      0   44,500
PROLOGIS TR SH BEN INT      Com    743410102    23.750     1,971,250    83,000    83,000         0       3       0      0   83,000
PROVINCE HEALTHCARE CO      Com    743977100    39.937       449,291    11,250    11,250         0       3       0      0   11,250
PULITZER INC.               Com    745769109    42.950     1,941,340    45,200    45,200         0       3       0      0   45,200
QUAKER OATS CO              Com    747402105    79.125       310,487     3,924     3,254       670       3     670      0    2,584
QUANTUM CORP DSSG           Com    747906204    15.062       669,868    44,474    37,977     6,497       3   7,674      0   30,303
                                                             425,622    28,258         0    28,258       2                  28,258
QUEST COMMUNICATIONS INTE   Com    749121109    48.125       792,619    16,470    13,785     2,685       3   3,218    247   10,320
                                                               4,813       100         0       100       2                     100
RCN CORP                    Com    749361101    20.750       291,434    14,045    14,045         0       3       0      0   14,045
RADIAN GROUP INC            Com    750236101    67.500     1,235,250    18,300    18,300         0       3       0      0   18,300
RADIOSHACK CORP             Com    750438103    64.625       326,356     5,050     5,050         0       3       0      0    5,050
RAYONIER INC                Com    754907103    35.937     2,421,615    67,385    67,385         0       3       0      0   67,385
REDBACK NETWORKS INC.       Com    757209101   164.000       295,200     1,800     1,800         0       3       0      0    1,800
RITE AID CORP               Com    767754104     4.000     1,820,000   455,000   455,000         0       3       0      0  455,000
SDL INC                     Com    784076101   309.312       556,762     1,800     1,800         0       3       0      0    1,800
SAFEWAY INC                 Com    786514208    46.687       966,421    20,700    20,700         0       3       0      0   20,700
SARA LEE CORP               Com    803111103    20.312       711,164    35,012    32,412     2,600       3   2,612      0   29,800
SAWTEK INC                  Com    805468105    38.515       519,953    13,500    13,500         0       3       0      0   13,500
SCHERING-PLOUGH CORP        Com    806605101    46.562   131,921,740 2,833,249 2,353,373   479,876       3 477,326      0 1,876,047
                                                             840,398    18,049         0    18,049       2                  18,049
SCIENTIFIC ATLANTA          Com    808655104    63.625       557,355     8,760     8,760         0       3       0      0    8,760
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
SEAGATE TECHNOLOGY          Com    811804103    69.000       729,606    10,574    10,574         0       3       0      0   10,574
SEPRACOR INC                Com    817315104   122.687       288,314     2,350     2,350         0       3       0      0    2,350
                                                              55,209       450         0       450       2                     450
SERVICE CORP INTERNATIONA   Com    817565104     2.437       335,017   137,471   137,471         0       3       0      0  137,471
SIEBEL SYS INC              Com    826170102   111.312       300,542     2,700     2,700         0       3       0      0    2,700
SIMON PROPERTY GROUP INC    Com    828806109    23.437     1,094,508    46,700    46,700         0       3       0      0   46,700
SOLECTRON CORP              Com    834182107    46.125       478,132    10,366     6,765     3,601       3   3,601      0    3,164
                                                             106,733     2,314         0     2,314       2                   2,314
SONY CORP ADR               Com    835699307   100.937       722,305     7,156     7,156         0       3       0      0    7,156
SOUTHDOWN INC               Com    841297104    71.250     4,819,706    67,645    67,645         0       3       0      0   67,645
SOUTHERN CO                 Com    842587107    32.453       323,427     9,966     6,699     3,267       3   3,267  1,332    2,100
SPHERION CORPORATION        Com    848420105    11.937       782,470    65,550    65,550         0       3       0      0   65,550
SPIEKER PROPERTIES INC      Com    848497103    57.562       420,203     7,300     7,300         0       3       0      0    7,300
SPORT-HALEY INC.            Com    848925103     4.250       276,250    65,000    65,000         0       3       0      0   65,000
SPRINT CORP                 Com    852061100    29.312     4,254,696   145,152   144,752       400       3       0      0  144,752
STANLEY WORKS               Com    854616109    23.062       270,563    11,732    11,732         0       3       0      0   11,732
STORAGE USA INC             Com    861907103    30.500       883,036    28,952    28,002       950       3  14,674      0   13,328
                                                             221,186     7,252         0      7252       2                   7,252
STRAYER ED INC              Com    863236105    21.875       350,000    16,000    16,000         0       3       0      0   16,000
SUMMIT PROPERTIES           Com    866239106    24.125       646,550    26,800    26,800         0       3       0      0   26,800
SUN MICRO SYSTEMS           Com    866810104   116.750     7,240,252    62,015    43,465    18,550       3   9,540      0   33,925
                                                              10,508        90         0        90       2                      90
SUNGARD DATA SYSTEMS INC    Com    867363103    42.812       817,709    19,100    19,100         0       3       0      0   19,100
SUNTRUST BKS INC            Com    867914103    49.875       733,163    14,700    12,700     2,000       3   2,000      0   10,700
                                                              32,419       650         0       650       2                     650
SYSCO CORP                  Com    871829107    46.312    12,447,508   268,775   268,375       400       3       0      0  268,375
TBC CORP                    Com    872180104     4.875       975,000   200,000   200,000         0       3       0      0  200,000
TJX COS INC                 Com    872540109    22.500       821,250    36,500    36,500         0       3       0      0   36,500
TMP WORLDWIDE INC           Com    872941109    80.500       325,542     4,044     4,044         0       3       0      0    4,044
TAUBMAN CENTERS INC         Com    876664103    11.562       297,143    25,700    25,700         0       3       0      0   25,700
TECH DATA CORPORATION       Com    878237106    42.750       431,775    10,100    10,100         0       3       0      0   10,100
TECHNE CORP                 Com    878377100   112.000       660,800     5,900     5,900         0       3       0      0    5,900
TECUMSEH PRODS CO CL A      Com    878895200    41.875       437,594    10,450     9,984       466       3     552      0    9,432
                                                              26,674       637         0       637       2                     637
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
TELEPHONE & DATA SYSTEMS    Com    879433100   110.700     5,867,100    53,000    53,000         0       3       0      0   53,000
TELLABS INC                 Com    879664100    47.750     1,507,277    31,566    18,646    12,920       3   2,250      0   16,396
                                                              39,442       826         0       826       2                     826
TEXACO INC                  Com    881694103    52.500     3,578,611    68,164    59,389     8,775       3   2,505    400   56,484
                                                              30,870       588         0       588       2                     588
TIME WARNER INC             Com    887315109    78.330       375,984     4,800     4,300       500       3       0      0    4,300
                                                              39,165       500         0       500       2                     500
TORCHMARK CORP              Com    891027104    27.812       543,586    19,545    19,545         0       3       0      0   19,545
TOSCO CORP                  Com    891490302    31.187       555,129    17,800    11,800     6,000       3   6,000      0    5,800
TRANSATLANTIC HLDGS INC     Com    893521104    92.500       342,250     3,700     3,700         0       3       0      0    3,700
TRANSWITCH CORP             Com    894065101    63.750     1,026,375    16,100    16,100         0       3       0      0   16,100
TRENWICK GROUP              Com    895290104    19.000     2,995,483   157,657   157,657         0       3       0      0  157,657
TRICON GLOBAL RESTAURANT    Com    895953107    30.625     5,952,245   194,359   173,092    21,267       3   4,932      0  168,160
                                                             443,481    14,481         0    14,481       2                  14,481
TRIBUNE CO NEW              Com    896047107    43.625       283,563     6,500     6,500         0       3       0      0    6,500
TRIZEC HAHN CORP SUBORDIN   Com    896938107    16.812     4,186,188   249,000   249,000         0       3       0      0  249,000
TUPPERWARE CORP             Com    899896104    18.000     5,142,600   285,700   284,830       870       3     870    400  283,560
TYCO INTERNATIONAL NEW      Com    902124106    51.875     5,608,932   108,124    74,269    33,855       3   6,116      0   68,153
                                                              19,453       375         0       375       2                     375
USX-MARATHON GROUP COM NE   Com    902905827    28.375       418,305    14,742    13,858       884       3   1,042    100   12,716
                                                              33,085     1,166         0      1166       2                   1,166
US BANCORP DEL INC          Com    902973106    22.750     1,210,869    53,225    53,225         0       3       0      0   53,225
USG CORP NEW                Com    903293405    25.062       751,860    30,000    30,000         0       3       0      0   30,000
UNION PLANTERS CORP         Com    908068109    33.062     1,480,748    44,787    36,662     8,125       3  15,857      0   20,805
U S AIR GROUP INC           Com    911905107    30.437       304,370    10,000    10,000         0       3       0      0   10,000
UNITED TECHNOLOGIES CORP    Com    913017109    69.375       889,734    12,825    12,825         0       3       0      0   12,825
                                                              97,125     1,400         0      1400       2                   1,400
UNVL ELECTRS INC.           Com    913483103    24.187       435,366    18,000    18,000         0       3       0      0   18,000
UNIVERSAL FOODS CORP        Com    913538104    20.375       536,433    26,328    26,328         0       3       0      0   26,328
UNIVERSAL HEALTH SERVICES   Com    913903100    85.625     1,078,875    12,600    12,600         0       3       0      0   12,600
VENATOR GROUP INC           Com    922944103    12.375       263,588    21,300    21,300         0       3       0      0   21,300
VERTITAS SOFTWARE CO        Com    923436109   142.000       372,750     2,625     2,625         0       3       0      0    2,625
VIACOM INC CLASS B          Com    925524308    58.500     2,264,536    38,710    38,493       217       3     868      0   37,625
VITESSE SEMICONDUCTOR COR   Com    928497106    88.937       302,386     3,400     3,400         0       3       0      0    3,400
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
VORNADO RLTY TR             Com    929042109    37.125     1,785,713    48,100    48,100         0       3       0      0   48,100
WD-40 CO                    Com    929236107    21.250       380,375    17,900    17,900         0       3       0      0   17,900
WAL MART STORES, INC.       Com    931142103    48.125     4,946,432   102,783    90,673    12,110       3  12,310      0   78,363
                                                             168,438     3,500         0     3,500       2                   3,500
WALGREEN CO                 Com    931422109    37.937     2,899,069    76,418    64,485    11,933       3  11,933      0   52,552
WALLACE COMPUTER SERVICE    Com    932270101    15.250       350,216    22,965    22,965         0       3       0      0   22,965
WASHINGTON MUTUAL INC       Com    939322103    39.812     7,658,555   192,368   118,533    73,835       3  61,029      0   57,504
                                                             695,118    17,460         0    17,460       2                  17,460
WASHINGTON REAL ESTATE IN   Com    939653101    20.062       457,414    22,800    22,800         0       3       0      0   22,800
WATERS CORP                 Com    941848103    89.000     1,780,000    20,000    20,000         0       3       0      0   20,000
WEATHERFORD INTERNATIONAL   Com    947074100    43.000     2,995,165    69,655    69,655         0       3       0      0   69,655
                                                              18,275       425         0       425       2                     425
WELLMAN INC                 Com    949702104    14.437       323,562    22,412    22,412         0       3       0      0   22,412
WELLS FARGO & CO (NEW)      Com    949746101    45.937    18,177,087   395,696   378,826    16,870       3   3,170  1,400  374,256
                                                              82,595     1,798         0     1,798       2                   1,798
WERNER ENTERPRISES INC      Com    950755108    11.750       264,728    22,530    22,530         0       3       0      0   22,530
WESTWOOD 1 INC.             Com    961815107    21.437       312,980    14,600    14,600         0       3       0      0   14,600
WEYERHAEUSER COMPANY        Com    962166104    40.562       333,865     8,231     8,047       184       3     215      0    7,832
                                                               9,410       232         0       232       2                     232
WHIRLPOOL CORP              Com    963320106    38.875       266,099     6,845     5,752     1,093       3   1,243      0    4,509
                                                              43,112     1,109         0     1,109       2                   1,109
WISCONSIN CENTRAL TRANSPO   Com    976592105    10.562       296,053    28,030    28,030         0       3       0      0   28,030
WRIGLEY WILLIAM JR COMPAN   Com    982526105    74.875       501,663     6,700     6,700         0       3   6,700      0        0
XIRCOM                      Com    983922105    25.250       303,000    12,000    12,000         0       3       0      0   12,000
XEROX CORP                  Com    984121103    15.000       279,465    18,631    16,599     2,032       3     615      0   15,984
                                                              31,200     2,080         0     2,080       2                   2,080
YOUNG BROADCASTING INC. C   Com    987434107    31.437     4,008,218   127,500   127,500         0       3       0      0  127,500
CONTINUE CARE HOLDING COR   Com    993771000     3.630     2,918,625   804,029   804,029         0       3 804,029      0        0
TARGET CORP                 Com    8.7612E+110  25.625       340,684    13,295    13,295         0       3       0      0   13,295
EDWARDS LIFESCIENCES CP     Com    2.8176E+112  21.812       495,460    22,715    22,715         0       3       0      0   22,715
ADOBE SYSTEM INCORP         Com    00724F101   155.250       728,899     4,695     4,695         0       3       0      0    4,695
AGILENT TECHNOLOGIES INC    Com    00846U101    48.937       436,763     8,925     8,811       114       3     114      0    8,697
AGILE SOFTWARE CORP         Com    00846X105    89.937       339,062     3,770     3,770         0       3       0      0    3,770
AMERICA ONLINE INC          Com    02364J104    53.650     1,775,547    33,095    32,980       115       3     200    115   32,665
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
AMERICREDIT CORP            Com    03060R101    28.812     1,135,193    39,400    39,400         0       3       0      0   39,400
APT INVT & MGMT CO CL A C   Com    03748R101    46.062     1,349,617    29,300    29,300         0       3       0      0   29,300
APPLIED MICRO CIRCUITS CO   Com    03822W109   207.062       859,307     4,150     4,150         0       3       0      0    4,150
ARIBA INC.                  Com    04033V104   143.265       429,795     3,000     3,000         0       3       0      0    3,000
AVID TECHNOLOGY INC         Com    05367P100    14.000       280,000    20,000    20,000         0       3       0      0   20,000
BJS WHSL CLUB INC           Com    05548J106    34.500     1,345,500    39,000    39,000         0       3       0      0   39,000
BANK ONE CORP               Com    06423A103    38.062     1,033,080    27,142    14,863    12,279       3     905      0   13,958
BESTFOODS INC               Com    08658U101    72.750       490,335     6,740     5,069     1,671       3   3,431      0    1,638
BIOVAIL CORPORATION         Com    09067J109    81.437     1,245,986    15,300    15,300         0       3       0      0   15,300
BUSINESS OBJECTS SA SPONS   Com    12328X107   113.062       316,574     2,800     2,800         0       3       0      0    2,800
CALLON PETE CO.             Com    13123X102    15.812       474,360    30,000    30,000         0       3       0      0   30,000
CAPITAL ONE FINANCIAL       Com    14040H105    70.062     4,344,614    62,011    56,245     5,766       3   7,700  1,000   47,545
CAPITAL TRUST CL A          Com    14052H100     4.500       292,500    65,000    65,000         0       3       0      0   65,000
CASH AMERICA INVESTMENTS    Com    14754D100     7.312       292,480    40,000    40,000         0       3       0      0   40,000
CHASE MANHATTAN CORP NEW    Com    16161A108    46.187    14,918,401   323,000   300,943    22,057       3   2,995  1,050  296,898
CISCO CORP                  Com    17275R102    55.250     8,795,635   159,197   124,615    34,582       3  15,394      0  109,221
CITIZENS COMMUNICATIONS C   Com    17453B101    13.375     2,655,272   198,525   198,525         0       3       0      6  198,519
COMPUCREDIT CORP            Com    20478N100    56.093       387,042     6,900     6,900         0       3       0      0    6,900
COSTCO WHOLESALE CORPORAT   Com    22160K105    34.937    12,825,862   367,114   363,380     3,734       3   3,334  1,000  359,046
CRITICAL PATH INC.          Com    22674V100    60.750       443,475     7,300     7,300         0       3       0      0    7,300
DEVON ENERGY CORPORATION    Com    25179M103    60.150     1,092,745    18,167    18,066       101       3     101      0   17,965
DIAGEO PLC - SPONSORED AD   Com    25243Q205    35.312       333,169     9,435     9,435         0       3       0      0    9,435
DUN & BRADSTREET CORP (NE   Com    26483B106    34.437       324,741     9,430     8,990       440       3   1,240      0    7,750
DYNEGY INC.                 Com    26816Q101    57.031       595,974    10,450    10,450         0       3       0      0   10,450
EMS TECHNOLOGIES INC        Com    26873N108    15.000       525,000    35,000    35,000         0       3       0      0   35,000
EQUITY RESIDENTIAL PROPER   Com    29476L107    48.000     1,934,400    40,300    40,300         0       3       0      0   40,300
EXTREME NETWORKS INC.       Com    30226D106   114.500       431,093     3,765     3,765         0       3       0      0    3,765
EXXON MOBIL CORP            Com    30231G102    89.109    16,959,943   190,328   148,248    42,080       3  51,700  2,102   94,446
FEDERATED DEPT STORES INC   Com    31410H101    26.125     3,059,761   117,120   116,420       700       3       0      0  116,420
FEDEX CORP                  Com    31428X106    44.340     6,750,056   152,234   149,934     2,300       3   3,000  2,000  144,934
FINISAR CORP                Com    31787A101    48.375       266,063     5,500     5,500         0       3       0      0    5,500
FIRSTAR CORP WISC (NEW)     Com    33763V109    22.375       264,115    11,804    11,804         0       3       0      0   11,804
GOLDMAN SACHS GROUP INC.    Com    38141G104   114.062       353,592     3,100     3,100         0       3       0      0    3,100
GRANT PRIDECO INC.          Com    38821G101    21.937     1,205,943    54,973    54,973         0       3       0      0   54,973
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
GULF CDA RES LTD ORD        Com    40218L305     5.375       295,625    55,000    55,000         0       3       0      0   55,000
HOSPITALITY PROPS           Com    44106M102    23.375       701,250    30,000    30,000         0       3       0      0   30,000
HOST MARRIOTT CORP NEW      Com    44107P104    11.250     3,316,534   294,803   294,803         0       3       0      0  294,803
INFOCUS CORPORATION         Com    45665B106    53.000       662,500    12,500    12,500         0       3       0      0   12,500
INTL FIBER INC.             Com    45950T101    14.625       292,500    20,000    20,000         0       3       0      0   20,000
INTERNET SECURITY SYSTEMS   Com    46060X107    75.125       548,413     7,300     7,300         0       3       0      0    7,300
INVESTMENT TECHNOLOGY GRO   Com    46145F105    39.937       439,307    11,000    11,000         0       3       0      0   11,000
INVITROGEN CORP             Com    46185R100    71.125       647,238     9,100     9,100         0       3       0      0    9,100
KILROY REALTY CORP          Com    49427F108    26.687     1,304,994    48,900    48,900         0       3       0      0   48,900
KIMCO REALTY CORP           Com    49446R109    42.250       967,525    22,900    22,900         0       3       0      0   22,900
MBIA, INC                   Com    55262C100    71.125       997,528    14,025    14,025         0       3       0      0   14,025
MBNA CORP                   Com    55262L100    38.500     1,237,236    32,136    32,136         0       3   2,175      0   29,961
MANULIFE FINANCIAL CORPOR   Com    56501R106    20.750     2,358,238   113,650    58,942    54,708       3  54,708      0    4,234
MAXIM INTEGRATED PRODUCTS   Com    57772K101    80.437       345,879     4,300     4,300         0       3     400      0    3,900
MCKESSON HBOC INC           Com    58155Q103    30.562       391,194    12,800    12,800         0       3       0      0   12,800
MERISTAR HOSPITALITY CORP   Com    58984Y103    20.250       486,000    24,000    24,000         0       3       0      0   24,000
METLIFE INC                 Com    59156R108    26.250       680,295    25,916    15,051    10,865       3  12,419      0    2,632
MID-AMERICA APARTMENT COM   Com    59522J103    23.937     1,256,214    52,480    51,670       810       3  17,007  1,050   33,613
NETWORK APPLIANCE INC.      Com    64120L104   127.375       751,513     5,900     5,900         0       3       0      0    5,900
NEXTEL COMMUNICATIONS INC   Com    65332V103    46.750     1,806,981    38,652    19,800    18,852       3   2,800      0   17,000
NEXTEL PARTNERS INC. CL A   Com    65333F107    29.125       265,038     9,100     9,100         0       3       0      0    9,100
NOVARTIS                    Com    66987V109    38.687       444,901    11,500    11,500         0       3       0      0   11,500
ORACLE CORPORATION          Com    68389X105    78.750     8,908,752   113,127    80,033    33,094       3  18,830      0   61,203
P.E. CORP                   Com    69332S102   116.515       495,189     4,250     4,250         0       3       0      0    4,250
PMC SIERRA INC.             Com    69344F106   215.250       414,356     1,925     1,925         0       3       0      0    1,925
PMI GROUP                   Com    69344M101    67.750     1,111,100    16,400    16,400         0       3       0      0   16,400
PAN PACIFIC RETAIL          Com    69806L104    20.062       535,655    26,700    26,700         0       3       0      0   26,700
PHARMACIA CORP              Com    71713U102    60.187     3,200,745    53,180    53,180         0       3       0      0   53,180
PRIME GROUP RLTY TR SH BE   Com    74158J103    15.750     2,645,213   167,950   167,950         0       3       0      0  167,950
PROVIDIAN FINL CORP W/I C   Com    74406A102   127.000       537,972     4,236     4,236         0       3       0      0    4,236
PUBLIC STORAGE INC          Com    74460D109    23.937       900,031    37,600    37,600         0       3       0      0   37,600
RFS HOTEL INVESTORS, INC    Com    74955J108    12.625     2,015,152   159,616   155,616     4,000       3  38,166 13,000  104,450
RECKSON ASSOCIATES REALTY   Com    75621K106    25.500       854,250    33,500    33,500         0       3       0      0   33,500
RELIANT ENERGY INC          Com    75952J108    46.500       382,138     8,218     6,409     1,809       3   1,809      0    4,600
</TABLE>
<PAGE>

NATIONAL COMMERCE BANCORPORATION
13F AS OF SEPTEMBER 30, 2000

<TABLE>
<CAPTION>
FORM 13F
PAGE ________ OF ________
ITEM 1:                   ITEM 2:    ITEM 3:             ITEM 4:      ITEM 5:   ITEM 6:              ITEM 7:  ITEM 8:
                                                                                Investment Discretion         Voting Authority
                                                                      Share or            (b) Shared Manager
                          Title of    Cusip   Market per Fair Market  Principal           as Defined   See     (a)    (b)     (c)
Name of Issuer             Class     Number      Share      Value       Amount  (a) Sole  In Inst. V Inst. V  Sole   Shared  None
<S>                       <C>        <C>        <C>        <C>          <C>       <C>        <C>         <C> <C>      <C>   <C>
SBC COMMUNICATIONS INC      Com    78387G103    49.875     6,921,702   138,781    93,911    44,870       3  27,131  1,171   65,609
SL GREEN RLTY CORP          Com    78440X101    28.062     1,408,712    50,200    50,200         0       3       0      0   50,200
SAKS INC                    Com    79377W108     9.875     3,867,366   391,632   391,632         0       3       0      0  391,632
SERVICEMASTER CO COM        Com    81760N109     9.875     2,244,825   227,324   227,324         0       3       0      0  227,324
TENET HEALTHCARE CORP       Com    88033G100    36.437     1,491,840    40,943    38,004     2,939       3   3,436      0   34,568
TETRA TECHNOLOGIES          Com    88162G103    28.562       477,442    16,716    16,716         0       3       0      0   16,716
TRIQUINT SEMICONDUCTOR IN   Com    89674K103    36.437       298,783     8,200     8,200         0       3       0      0    8,200
UCAR INTERNATIONAL INC      Com    90262K109    12.687       380,610    30,000    30,000         0       3       0      0   30,000
UNUMPROVIDENT CORP          Com    91529Y106    27.250     2,557,249    93,844    93,844         0       3       0      0   93,844
VALERO ENERGY CORP NEW      Com    91913Y100    35.187       517,530    14,708    14,708         0       3     447      0   14,261
VERITAS DGC INC             Com    92343P107    28.937       379,075    13,100    13,100         0       3       0      0   13,100
VERIZON COMMUNICATIONS IN   Com    92343V104    48.437    16,817,181   347,197   313,547    33,650       3  20,027  2,046  291,474
VISTEON CORP                Com    92839U107    15.125       262,766    17,373    17,195       178       3     204      0   16,991
VODAFONE GROUP PLC          Com    92857W100    37.000    24,375,785   658,805   651,310     7,495       3   7,835  1,550  641,925
WASTE MANAGEMENT INC NEW    Com    94106L109    17.437    15,383,637   882,241   881,178     1,063       3   1,215      0  879,963
WEBMD CORP                  Com    94769M105    15.250     2,065,719   135,457   135,457         0       3       0      0  135,457
WHITMAN CORP NEW            Com    96647R107    11.562       609,526    52,718    52,003       715       3     715    288   51,000
WORLDCOM INC                Com    98157D106    30.375    15,835,551   521,335   432,244    89,091       3  32,940  1,518  397,786
LASALLE RE HOLDING LTD      Com    G5383Q101    18.880       940,224    49,800    49,800         0       3       0      0   49,800
XL CAPITAL LTD CL A         Com    G98255105    74.000     9,430,930   127,445   126,945       500       3       0  1,000  125,945
PANAMERICAN BEVERAGES INC   Com    P74823108    17.000       546,720    32,160    32,160         0       3       0      0   32,160
</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission