UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
"Report for the Calendar Year or Quarter Ended: March 31, 1999"
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
Institutional Investment Manager Filing this Report:
Name: MainStreet Trust Company
Address: 1 Ellsworth Street
P O Box 5228
Martinsville VA 24112
13F File Number: 28-00001
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: Nena M Lovell
Title: Senior Trust Officer
Phone: 540-666-3104
"Signature, Place, and Date of Signing:"
"Nena M. Lovell Martinsville VA May 14, 1999"
Report Type (Check only one.):
[X] 13F Holdings Report
[ ] 13F Notice
[ ] 13F Combination Report
List of other Managers Reporting for this Manager:
None
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES
AND EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 244
"Form 13F Information Table Value Total: $221,896"
List of Other Managers Included:
None
<PAGE>
<TABLE> <C> <C>
FORM 13F INFO RMATIO N TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHR VOTING AUTHORITY
NAME OF ISSUER CL CUSIP (X$1000) PRN AMT PRN CALL DSCR MGR SOLE SHARED NONE
AT&T CORP COM 001957109 504 6322 SH SOLE 5502 370 450
AT&T CORP COM 001957109 120 1508 SH OTHER 743 765 0
ABBOTT LABS COM 002824100 334 7150 SH SOLE 6150 700 300
ABBOTT LABS COM 002824100 318 6800 SH OTHER 2800 4000 0
AETNA INC COM 008117103 830 10000 SH SOLE 10000 0 0
AETNA INC COM 008117103 11 139 SH OTHER 139 0 0
AIR PRODS & CHEMS INC COM 009158106 657 19200 SH SOLE 19200 0 0
AIR PRODS & CHEMS INC COM 009158106 27 800 SH OTHER 800 0 0
ALLSTATE CORP COM 020002101 448 12100 SH SOLE 9596 2226 278
ALLSTATE CORP COM 020002101 61 1662 SH OTHER 370 1292 0
AMER ELEC PWR INC COM 025537101 515 12984 SH SOLE 10481 2003 500
AMER ELEC PWR INC COM 025537101 58 1477 SH OTHER 1477 0 0
AMER GREETINGS CORP CL A 026375105 507 20000 SH SOLE 20000 0 0
AMER HOME PRODS CORP COM 026609107 1135 17400 SH SOLE 17400 0 0
AMER HOME PRODS CORP COM 026609107 522 8000 SH OTHER 8000 0 0
AMER INTL GROUP INC 026874107 464 3850 SH SOLE 3300 350 200
AMER INTL GROUP INC 026874107 265 2200 SH OTHER 2200 0 0
AMERITECH CORP NEW COM 030954101 220 3832 SH SOLE 3336 320 176
AMERITECH CORP NEW COM 030954101 36 632 SH OTHER 0 632 0
AMGEN INC COM 031162100 3586 47904 SH SOLE 47704 200 0
AMGEN INC COM 031162100 194 2600 SH OTHER 2400 200 0
ANHEUSER BUSCH COS INC COM 035229103 365 4800 SH SOLE 4800 0 0
ANHEUSER BUSCH COS INC COM 035229103 121 1600 SH OTHER 600 1000 0
ASCEND COMMUNICATIONS COM 043491109 343 4100 SH SOLE 2900 800 400
ASCEND COMMUNICATIONS COM 043491109 192 2300 SH OTHER 2300 0 0
ASHLAND INC COM 044204105 442 10800 SH SOLE 10500 0 300
AUTO DATA PROC INC COM 053015103 74 1800 SH SOLE 0 1800 0
AUTOZONE INC COM 053332102 404 13325 SH SOLE 10725 1700 900
AUTOZONE INC COM 053332102 208 6850 SH OTHER 6850 0 0
AVNET INC COM 053807103 367 10000 SH SOLE 10000 0 0
AVON PRODUCTS INC COM 054303102 1280 27200 SH SOLE 26000 900 300
AVON PRODUCTS INC COM 054303102 181 3850 SH OTHER 3850 0 0
BB&T CORP COM 054937107 30415 840673 SH SOLE 574528 136633 129512
BB&T CORP COM 054937107 9293 256876 SH OTHER 122686 133954 236
BP AMOCO P L C SPONSORED ADR 055622104 597 5919 SH SOLE 5919 0 0
BP AMOCO P L C SPONSORED ADR 055622104 747 7403 SH OTHER 2936 4467 0
BANKAMERICA CORP NEW COM 06605F102 1649 23354 SH SOLE 20558 2296 500
BANKAMERICA CORP NEW COM 06605F102 683 9676 SH OTHER 3741 5935 0
BASSETT FURN INDS INC COM 070203104 7449 336758 SH SOLE 281176 32693 22889
BASSETT FURN INDS INC COM 070203104 753 34074 SH OTHER 32394 1680 0
BECTON DICKINSON & CO COM 075887109 506 13228 SH SOLE 12228 700 300
BECTON DICKINSON & CO COM 075887109 76 2000 SH OTHER 2000 0 0
BELL ATLANTIC CORP COM 077853109 1257 24342 SH SOLE 20570 2000 1772
BELL ATLANTIC CORP COM 077853109 110 2146 SH OTHER 1522 624 0
BELLSOUTH CORP COM 079860102 447 11164 SH SOLE 9512 484 1168
BELLSOUTH CORP COM 079860102 188 4696 SH OTHER 1828 2868 0
BERKSHIRE HATHAWY DEL CL A 084670108 428 6 SH SOLE 6 0 0
BESTFOODS COM 08658U101 154 3284 SH SOLE 3284 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 4151 64740 SH SOLE 61540 1400 1800
BRISTOL MYERS SQUIBB CO COM 110122108 575 8976 SH OTHER 8136 840 0
BROWNING FERRIS INDS COM 115885105 765 19862 SH SOLE 18662 1000 200
BROWNING FERRIS INDS COM 115885105 73 1900 SH OTHER 1100 800 0
BURL NRTHN SANTA FE COM 12189T104 325 9908 SH SOLE 9908 0 0
BURL NRTHN SANTA FE COM 12189T104 91 2793 SH OTHER 177 2616 0
CFW COMMUNICATION CO COM 124923103 363 16800 SH SOLE 16800 0 0
CSX CORP COM 126408103 268 6896 SH SOLE 6080 816 0
CSX CORP COM 126408103 6 156 SH OTHER 156 0 0
CAPITAL ONE FINANCIAL COM 14040H105 1932 12800 SH SOLE 12000 800 0
CAROLINA PWR & LT CO COM 144141108 670 17730 SH SOLE 16430 900 400
CHEVRON CORPORATION COM 166751107 2522 28425 SH SOLE 27375 200 850
CHEVRON CORPORATION COM 166751107 528 5960 SH OTHER 600 5360 0
CHOICE HOTELS COM 169905106 120 8600 SH SOLE 7800 600 200
CHOICE HOTELS COM 169905106 40 2900 SH OTHER 2700 200 0
CISCO SYS INC COM 17275R102 899 8211 SH SOLE 7311 600 300
CISCO SYS INC COM 17275R102 254 2325 SH OTHER 2025 0 300
CITIGROUP INC COM 172967101 603 9456 SH SOLE 5676 1900 1880
CITIGROUP INC COM 172967101 195 3065 SH OTHER 1625 1440 0
CLAYTON HOMES INC 184190106 212 19221 SH SOLE 19221 0 0
COASTAL CORP COM 190441105 543 16479 SH SOLE 13679 2000 800
COASTAL CORP COM 190441105 224 6800 SH OTHER 6800 0 0
COCA COLA CO COM 191216100 7121 116036 SH SOLE 107772 6264 2000
COCA COLA CO COM 191216100 1226 19981 SH OTHER 17000 2981 0
COMPUTER ASSOC INTL INC COM 204912109 355 10000 SH SOLE 10000 0 0
COMPUTER SCIENCES CORP COM 205363104 790 14320 SH SOLE 12770 1000 550
COMPUTER SCIENCES CORP COM 205363104 259 4700 SH OTHER 4500 0 200
COMSHARE INC 205912108 40 12262 SH SOLE 12262 0 0
CONCORD EFS INC COM 206197105 192 7000 SH SOLE 7000 0 0
CORNING INC COM 219350105 1537 25625 SH SOLE 24225 1100 300
CORNING INC COM 219350105 30 500 SH OTHER 300 0 200
CRANE CO COM 224399105 667 27623 SH SOLE 24323 2300 1000
CRANE CO COM 224399105 125 5200 SH OTHER 5200 0 0
DAYTON HUDSON CORP COM 239753106 366 5500 SH SOLE 4200 900 400
DAYTON HUDSON CORP COM 239753106 199 3000 SH OTHER 3000 0 0
DIEBOLD INC COM 253651103 264 11025 SH SOLE 10325 350 350
DIEBOLD INC COM 253651103 18 750 SH OTHER 750 0 0
DIMON INC COM 254394109 101 26717 SH SOLE 26717 0 0
DOLE FOOD INC COM 256605106 300 10000 SH SOLE 10000 0 0
DOMINION RES INC VA COM 257470104 412 11171 SH SOLE 8258 2913 0
DOMINION RES INC VA COM 257470104 48 1300 SH OTHER 1300 0 0
DOW CHEMICAL COMPANY COM 260543103 132 1425 SH SOLE 1425 0 0
DOW CHEMICAL COMPANY COM 260543103 131 1416 SH OTHER 1416 0 0
DUPONT DENEMOURS & CO COM 263534109 2340 40314 SH SOLE 39152 962 200
DUPONT DENEMOURS & CO COM 263534109 106 1840 SH OTHER 400 1440 0
DUKE ENERGY CORP COM 264399106 586 10703 SH SOLE 7903 2800 0
DUKE ENERGY CORP COM 264399106 33 619 SH OTHER 400 219 0
EASTMAN KODAK CO COM 277461109 1147 17960 SH SOLE 17560 200 200
EASTMAN KODAK CO COM 277461109 146 2300 SH OTHER 1850 450 0
EMERSON ELEC CO COM 291011104 635 12000 SH SOLE 12000 0 0
EQUIFAX INC COM 294429105 413 12025 SH SOLE 9725 1600 700
EQUIFAX INC COM 294429105 192 5600 SH OTHER 5600 0 0
EXXON CORP COM 302290101 2902 41132 SH SOLE 36844 1808 2480
EXXON CORP COM 302290101 486 6888 SH OTHER 5250 1638 0
FEDERAL NATL MTG ASSN COM 313586109 367 5300 SH SOLE 4500 600 200
FEDERAL NATL MTG ASSN COM 313586109 159 2300 SH OTHER 2300 0 0
FIRST UN CORP COM 337358105 6083 113864 SH SOLE 103905 7686 2273
FIRST UN CORP COM 337358105 1075 20130 SH OTHER 3600 16530 0
FIRST VA BANKS INC COM 337477103 1120 24528 SH SOLE 24528 0 0
FIRST VA BANKS INC COM 337477103 117 2575 SH OTHER 2575 0 0
FLUOR CORP COM 343861100 270 10000 SH SOLE 10000 0 0
FORTUNE BRANDS INC 349631101 387 10076 SH SOLE 8896 980 200
FORTUNE BRANDS INC 349631101 46 1200 SH OTHER 1134 66 0
GTE CORP COM 362320103 524 8662 SH SOLE 8362 300 0
GTE CORP COM 362320103 90 1500 SH OTHER 1350 150 0
GENERAL ELEC CO COM 369604103 7145 64597 SH SOLE 59697 4100 800
GENERAL ELEC CO COM 369604103 1095 9904 SH OTHER 9904 0 0
GILLETTE CO COM 375766102 614 10345 SH SOLE 7045 600 2700
GILLETTE CO COM 375766102 127 2150 SH OTHER 2150 0 0
HALLIBURTON CO COM 406216101 478 12425 SH SOLE 9275 1850 1300
HALLIBURTON CO COM 406216101 213 5550 SH OTHER 5550 0 0
HARRIS CORP DEL COM 413875105 572 20000 SH SOLE 20000 0 0
HEINZ H J CO COM 423074103 315 6650 SH SOLE 5100 1000 550
HEINZ H J CO COM 423074103 161 3400 SH OTHER 3400 0 0
HEWLETT PACKARD CO COM 428236103 1334 19675 SH SOLE 17975 850 850
HEWLETT PACKARD CO COM 428236103 216 3190 SH OTHER 3190 0 0
HILLENBRAND INDS INC COM 431573104 574 12450 SH SOLE 10850 1300 300
HILLENBRAND INDS INC COM 431573104 69 1500 SH OTHER 1000 500 0
HOME STAKE OIL & GAS CO COM 437356108 13 3358 SH SOLE 0 0 3358
HOME STAKE OIL & GAS CO COM 437356108 37 9635 SH OTHER 8662 973 0
IMS HEALTH INC COM 449934108 218 6600 SH SOLE 6600 0 0
IMS HEALTH INC COM 449934108 13 400 SH OTHER 400 0 0
INTEL CORP COM 458140100 3468 29180 SH SOLE 26730 1250 1200
INTEL CORP COM 458140100 273 2300 SH OTHER 1900 400 0
INTERNATIONAL BUS MACH COM 459200101 4597 25936 SH SOLE 24836 0 1100
INTERNATIONAL BUS MACH COM 459200101 663 3741 SH OTHER 2900 841 0
INTERPUBLIC GRP COS INC COM 460690100 335 4310 SH SOLE 3610 400 300
INTERPUBLIC GRP COS INC COM 460690100 169 2175 SH OTHER 2175 0 0
JEFFERSON PILOT CORP COM 475070108 546 8061 SH SOLE 6762 899 400
JEFFERSON PILOT CORP COM 475070108 220 3250 SH OTHER 2950 0 300
JOHNSON & JOHNSON COM 478160104 5455 58350 SH SOLE 56750 800 800
JOHNSON & JOHNSON COM 478160104 336 3600 SH OTHER 3600 0 0
KIMBERLY CLARK CORP COM 494368103 1771 36950 SH SOLE 33950 2400 600
KIMBERLY CLARK CORP COM 494368103 251 5250 SH OTHER 4750 500 0
LILLY ELI & CO COM 532457108 1323 15589 SH SOLE 14889 500 200
LILLY ELI & CO COM 532457108 174 2060 SH OTHER 2060 0 0
LOCKHEED MARTIN CORP COM 539830109 869 23044 SH SOLE 23044 0 0
LOWES COS INC COM 548661107 363 6000 SH OTHER 0 6000 0
LUCENT TECHNOLOGIES INC COM 549463107 497 4606 SH SOLE 3914 338 354
LUCENT TECHNOLOGIES INC COM 549463107 139 1293 SH OTHER 478 815 0
MCI WORLDCOM INC COM 55268B106 4528 51130 SH SOLE 48017 2616 497
MCI WORLDCOM INC COM 55268B106 224 2535 SH OTHER 2535 0 0
MAY DEPT STORES CO COM 577778103 293 7500 SH SOLE 7500 0 0
MAY DEPT STORES CO COM 577778103 46 1200 SH OTHER 1200 0 0
MCDONALDS CORP COM 580135101 2510 55400 SH SOLE 52200 2400 800
MCDONALDS CORP COM 580135101 72 1600 SH OTHER 1600 0 0
MCKESSON HBOC INC COM 58155Q103 391 5930 SH SOLE 4857 740 333
MCKESSON HBOC INC COM 58155Q103 176 2668 SH OTHER 2668 0 0
MEAD CORP COM 582834107 4542 147714 SH SOLE 109750 37964 0
MEAD CORP COM 582834107 781 25416 SH OTHER 25416 0 0
MERCK & CO INC COM 589331107 7649 95476 SH SOLE 88876 5200 1400
MERCK & CO INC COM 589331107 1329 16600 SH OTHER 13936 2364 300
MICROSOFT CORP COM 594918104 642 7168 SH SOLE 6168 600 400
MICROSOFT CORP COM 594918104 197 2200 SH OTHER 2200 0 0
MOBIL CORP COM 607059102 432 4910 SH SOLE 4310 400 200
MOBIL CORP COM 607059102 394 4480 SH OTHER 3560 920 0
MORGN STAN DN WITTER CO 617446448 451 4518 SH SOLE 3847 554 117
MORGN STAN DN WITTER CO 617446448 69 698 SH OTHER 156 542 0
MOTOROLA INC COM 620076109 2151 29377 SH SOLE 27977 200 1200
MOTOROLA INC COM 620076109 87 1200 SH OTHER 1000 200 0
NEW CENTURY ENRGIES INC COM 64352U103 340 10000 SH SOLE 10000 0 0
NEW ENGLAND ELEC SYS COM 644001109 213 4400 SH SOLE 4400 0 0
NORFOLK SOUTHERN CORP COM 655844108 1576 59774 SH SOLE 49084 8140 2550
NORFOLK SOUTHERN CORP COM 655844108 282 10717 SH OTHER 6036 4681 0
NUCOR CORP COM 670346105 88 2000 SH SOLE 2000 0 0
NUCOR CORP COM 670346105 134 3050 SH OTHER 3050 0 0
ORACLE CORP COM 68389X105 239 9075 SH SOLE 7125 1500 450
ORACLE CORP COM 68389X105 115 4377 SH OTHER 4377 0 0
PEPSICO INC COM 713448108 447 11425 SH SOLE 11425 0 0
PEPSICO INC COM 713448108 210 5372 SH OTHER 2012 3360 0
PHARMACIA & UPJOHN INC COM 716941109 668 10714 SH SOLE 9554 1015 145
PHARMACIA & UPJOHN INC COM 716941109 27 435 SH OTHER 435 0 0
PFIZER INC COM 717081103 7534 54300 SH SOLE 52700 0 1600
PFIZER INC COM 717081103 1248 9000 SH OTHER 5460 3240 300
PHILIP MORRIS COS COM 718154107 4192 119169 SH SOLE 112569 3000 3600
PHILIP MORRIS COS COM 718154107 318 9050 SH OTHER 5450 3600 0
PLUMA INC 729272104 11 23624 SH SOLE 5000 18624 0
PLUMA INC 729272104 1 3092 SH OTHER 3092 0 0
PROCTER & GAMBLE CO COM 742718109 195 2000 SH SOLE 2000 0 0
PROCTER & GAMBLE CO COM 742718109 188 1920 SH OTHER 1600 320 0
PULASKI FURNITURE CORP COM 745553107 193 9450 SH SOLE 6750 2700 0
PULASKI FURNITURE CORP COM 745553107 18 900 SH OTHER 900 0 0
QUAKER OATS CO COM 747402105 516 8300 SH SOLE 7500 800 0
QUAKER OATS CO COM 747402105 24 400 SH OTHER 400 0 0
RAYTHEON CO CL A 755111309 578 10012 SH SOLE 10000 0 12
RAYTHEON CO NEW CLB 755111408 211 3600 SH SOLE 3600 0 0
ROYAL DUT PET CO NY SHS PAR IN GLDR 780257804 383 7375 SH SOLE 6875 500 0
ROYAL DUT PET CO NY SHS PAR IN GLDR 780257804 131 2525 SH OTHER 2525 0 0
SBC COMMUNICATIONS INC COM 78387G103 321 6818 SH SOLE 5796 756 266
SBC COMMUNICATIONS INC COM 78387G103 122 2600 SH OTHER 2400 200 0
SAFECO CORP COM 786429100 606 15000 SH SOLE 15000 0 0
SARA LEE CORP COM 803111103 454 18352 SH SOLE 14652 2300 1400
SARA LEE CORP COM 803111103 210 8500 SH OTHER 8300 200 0
SCHERING PLOUGH CORP COM 806605101 201 3650 SH SOLE 2650 600 400
SCHERING PLOUGH CORP COM 806605101 143 2600 SH OTHER 2600 0 0
SCHLUMBERGER LTD COM 806857108 370 6150 SH SOLE 5200 650 300
SCHLUMBERGER LTD COM 806857108 204 3400 SH OTHER 3400 0 0
SEAGRAM LTD COM 811850106 671 13428 SH SOLE 13428 0 0
SEARS ROEBUCK & CO COM 812387108 318 7045 SH SOLE 5695 1200 150
SEARS ROEBUCK & CO COM 812387108 40 900 SH OTHER 200 700 0
SHERWIN WILLIAMS CO COM 824348106 181 6450 SH SOLE 6450 0 0
SHERWIN WILLIAMS CO COM 824348106 30 1075 SH OTHER 1075 0 0
SOUTHERN CO COM 842587107 183 7858 SH SOLE 3420 4438 0
SOUTHERN CO COM 842587107 24 1048 SH OTHER 1048 0 0
SPRINT CORP FON GROUP COM FON GROUP 852061100 351 3578 SH SOLE 3578 0 0
SPRINT CORP FON GROUP COM FON GROUP 852061100 62 638 SH OTHER 0 638 0
SUN MICROSYSTEMS INC COM 866810104 1932 15450 SH SOLE 14450 600 400
SUN MICROSYSTEMS INC COM 866810104 75 600 SH OTHER 600 0 0
SUNDSTRAND CORP COM 867323107 503 7250 SH SOLE 5150 1400 700
SUNDSTRAND CORP COM 867323107 271 3900 SH OTHER 3900 0 0
SUNTRUST BKS INC COM 867914103 4433 71226 SH SOLE 64547 6422 257
SUNTRUST BKS INC COM 867914103 1337 21479 SH OTHER 21479 0 0
SYMBOL TECHNOLOGIES COM 871508107 675 15000 SH SOLE 15000 0 0
SYSCO CORP COM 871829107 868 33000 SH SOLE 31000 1400 600
SYSCO CORP COM 871829107 139 5300 SH OTHER 5100 0 200
TEKTRONIX INC COM 879131100 252 10000 SH SOLE 10000 0 0
TULTEX CORP COM 899900104 668 1078289 SH SOLE 1018171 17100 43018
TULTEX CORP COM 899900104 268 432322 SH OTHER 386959 45363 0
TYCO INTL LTD NEW COM 902124106 479 6684 SH SOLE 5856 528 300
TYCO INTL LTD NEW COM 902124106 229 3200 SH OTHER 3200 0 0
USX-MARATHON GROUP COM NEW 902905827 549 19975 SH SOLE 18425 1200 350
USX-MARATHON GROUP COM NEW 902905827 19 700 SH OTHER 700 0 0
US BANCORP DEL COM 902973106 681 20000 SH SOLE 20000 0 0
UNION PAC CORP COM 907818108 726 13600 SH SOLE 12800 600 200
UNION PAC CORP COM 907818108 53 1000 SH OTHER 1000 0 0
UNION PAC RES GROUP INC COM 907834105 191 16115 SH SOLE 15165 500 450
UNION PAC RES GROUP INC COM 907834105 4 400 SH OTHER 400 0 0
WACHOVIA CORP COM 929771103 752 9269 SH SOLE 9269 0 0
WACHOVIA CORP COM 929771103 162 2001 SH OTHER 808 1193 0
WAL MART STORES INC COM 931142103 322 3500 SH SOLE 3500 0 0
WAL MART STORES INC COM 931142103 55 600 SH OTHER 600 0 0
WARNER LAMBERT CO COM 934488107 69 1050 SH SOLE 1050 0 0
WARNER LAMBERT CO COM 934488107 795 12000 SH OTHER 12000 0 0
WESTVACO CORP COM 961548104 306 14587 SH SOLE 13387 450 750
WESTVACO CORP COM 961548104 9 450 SH OTHER 450 0 0
WHIRLPOOL CORP COM 963320106 543 10000 SH SOLE 10000 0 0
TOTAL 221896 6015914 5119492 639435 256987
</TABLE>
