<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AES Corp. COM 00130H105 356 5200.00 SH SOLE 5200.00
AFLAC Inc. COM 001055102 462 7210.00 SH SOLE 7210.00
ANC Rental Corporation COM 001813104 83 14354.00 SH SOLE 14354.00
AT&T COM 001957109 1233 41975.00 SH SOLE 41975.00
AT&T Corp - Liberty Media-A COM 001957208 6924 384679.00SH SOLE 384679.00
AXA Financial, Inc. COM 002451102 759 14900.00 SH SOLE 14900.00
Abbott Laboratories COM 002824100 610 12821.00 SH SOLE 12821.00
Aegon N.V. - American Reg. Sha COM 007924103 906 24402.00 SH SOLE 24402.00
Agilent Technologies, Inc. COM 00846U101 493 10072.14 SH SOLE 10072.14
Altera Corp. COM 021441100 3024 63320.00 SH SOLE 63320.00
AmSouth Bancorp COM 032165102 4189 335089.87SH SOLE 335089.87
America Online, Inc. COM 02364J104 565 10507.00 SH SOLE 10507.00
American Express COM 025816109 2555 42060.00 SH SOLE 42060.00
American General Corp. COM 026351106 1582 20276.00 SH SOLE 20276.00
American Home Products Corp. COM 026609107 2382 42120.00 SH SOLE 42120.00
American International Group I COM 026874107 13263 138603.00SH SOLE 138603.00
American Technologies Group COM 030143101 34 160000.00SH SOLE 160000.00
Amgen COM 031162100 12528 179770.00SH SOLE 179770.00
AutoNation, Inc. COM 05329W102 2179 363192.00SH SOLE 363192.00
Automatic Data Processing COM 053015103 211 3155.00 SH SOLE 3155.00
BB&T Corporation COM 054937107 960 31856.00 SH SOLE 31856.00
BP Amoco PLC - Spons ADR COM 055622104 635 11990.00 SH SOLE 11990.00
Bank of America Corp. COM 060505104 2165 41339.00 SH SOLE 41339.00
Bankfirst Corp. COM 066442104 716 52080.00 SH SOLE 52080.00
Bell South COM 079860102 1715 42613.00 SH SOLE 42613.00
Berkshire Hathaway Inc. Class COM 084670207 389 188.00 SH SOLE 188.00
Borders Group, Inc. COM 099709107 371 26650.00 SH SOLE 26650.00
Bristol Myers Squibb Co COM 110122108 1488 26046.00 SH SOLE 26046.00
Brocade Communications Sys COM 111621108 303 1285.00 SH SOLE 1285.00
Burlington Res. Inc. COM 122014103 921 25019.00 SH SOLE 25019.00
CBRL Group, Inc. COM 12489V106 446 31005.00 SH SOLE 31005.00
Cabot Corp. COM 127055101 998 31510.00 SH SOLE 31510.00
Chattem Inc. COM 162456107 2057 217911.00SH SOLE 217911.00
Chevron Oil Company COM 166751107 446 5232.00 SH SOLE 5232.00
Cisco Systems, Inc. COM 17275R102 8442 152797.00SH SOLE 152797.00
Citigroup, Inc. COM 172967101 512 9468.00 SH SOLE 9468.00
Citrix Systems, Inc. COM 177376100 2158 107548.00SH SOLE 107548.00
Coca Cola Company COM 191216100 5815 105496.00SH SOLE 105496.00
Coca-Cola Enterprises COM 191219104 3121 195830.00SH SOLE 195830.00
Comcast Corp Class A - Spl (No COM 200300200 994 24280.00 SH SOLE 24280.00
Corning, Inc. COM 219350105 13427 45209.00 SH SOLE 45209.00
Cox Communications Class A COM 224044107 2226 58195.00 SH SOLE 58195.00
Data Race, Inc. COM 237842109 100 18000.00 SH SOLE 18000.00
Dixie Group, Inc. COM 255519100 85 22000.00 SH SOLE 22000.00
Dollar General COM 256669102 302 18026.00 SH SOLE 18026.00
Dover Corp. COM 260003108 2519 53675.00 SH SOLE 53675.00
Dow Chemical COM 260543103 3852 154452.00SH SOLE 154452.00
DuPont (EI) deNemours COM 263534109 906 21867.00 SH SOLE 21867.00
Duke Energy Corp. COM 264399106 2555 29796.00 SH SOLE 29796.00
EMC Corp. COM 268648102 858 8654.00 SH SOLE 8654.00
Eastman Kodak Co. COM 277461109 525 12844.00 SH SOLE 12844.00
El Paso Energy Corporation COM 283905107 1816 29462.00 SH SOLE 29462.00
Elan Corp. PLC Spons ADR COM 284131208 248 4525.00 SH SOLE 4525.00
Eli Lilly COM 532457108 4017 49513.00 SH SOLE 49513.00
Emerson Electric COM 291011104 6121 91363.00 SH SOLE 91363.00
Enron Corp. COM 293561106 3236 36929.00 SH SOLE 36929.00
Exxon Mobil Corporation COM 30231G102 7622 85515.57 SH SOLE 85515.57
FPL Group, Inc. COM 302571104 290 4405.00 SH SOLE 4405.00
Federal National Mortgage COM 313586109 534 7470.00 SH SOLE 7470.00
Flextronics International Ltd. COM Y2573F102 5038 61388.00 SH SOLE 61388.00
GM Class H COM 370442832 7603 204481.00SH SOLE 204481.00
Gannett Co. COM 364730101 3411 64358.00 SH SOLE 64358.00
Gemstar-TV Guide Intl Inc. COM 36866W106 282 3231.00 SH SOLE 3231.00
General Dynamics Corp COM 369550108 200 3186.00 SH SOLE 3186.00
General Electric Corp. COM 369604103 14478 250966.00SH SOLE 250966.00
General Mills COM 370334104 295 8300.00 SH SOLE 8300.00
General Motors COM 370442105 1419 21828.00 SH SOLE 21828.00
Gillette Co. COM 375766102 1615 52318.00 SH SOLE 52318.00
Glaxo PLC Spons ADR - USD- COM 37733W105 306 5070.00 SH SOLE 5070.00
Global Crossing Ltd. COM G3921A100 1420 45796.00 SH SOLE 45796.00
Goldman Sachs Group, Inc. COM 38141G104 2126 18660.00 SH SOLE 18660.00
Halliburton Co. COM 406216101 231 4729.00 SH SOLE 4729.00
Hewlett Packard COM 428236103 3293 33952.00 SH SOLE 33952.00
Home Depot COM 437076102 4555 85850.00 SH SOLE 85850.00
Honeywell International, Inc. COM 438516106 5144 144383.00SH SOLE 144383.00
Illinois Tool Works COM 452308109 358 6400.00 SH SOLE 6400.00
Imperial Oil Ltd. COM 453038408 259 9933.00 SH SOLE 9933.00
Intel Corporation COM 458140100 17065 411193.00SH SOLE 411193.00
International Business Machine COM 459200101 3742 33264.00 SH SOLE 33264.00
JDS Uniphase Corp. COM 46612J101 4627 48901.00 SH SOLE 48901.00
Jefferson Pilot Corp. COM 475070108 228 3365.00 SH SOLE 3365.00
Johnson and Johnson COM 478160104 4695 49985.00 SH SOLE 49985.00
Kimberly-Clark COM 494368103 5148 92245.00 SH SOLE 92245.00
Lexmark International Group, I COM 529771107 4163 111026.00SH SOLE 111026.00
Lucent Technologies, Inc. COM 549463107 1659 54289.01 SH SOLE 54289.01
MBNA Corporation COM 55262L100 205 5324.00 SH SOLE 5324.00
Marriott International Inc. Cl COM 571903202 2207 60567.00 SH SOLE 60567.00
McDonald's Corp. COM 580135101 3701 122613.00SH SOLE 122613.00
Medtronic Inc. COM 585055106 5032 97120.00 SH SOLE 97120.00
Merck & Company COM 589331107 4294 57690.00 SH SOLE 57690.00
Merrill Lynch, Inc. COM 590188108 1413 21410.00 SH SOLE 21410.00
Microsoft, Inc. COM 594918104 7468 123826.00SH SOLE 123826.00
Mid American Apartments Comm. COM 59522J103 928 38775.00 SH SOLE 38775.00
Minnesota Mining and Manufactu COM 604059105 4556 50000.00 SH SOLE 50000.00
Molex Class A COM 608554200 255 6144.00 SH SOLE 6144.00
Molex, Inc. COM 608554101 1129 20757.00 SH SOLE 20757.00
Morgan Stanley, Dean Witter, D COM 617446448 3365 36805.00 SH SOLE 36805.00
Motorola COM 620076109 5845 206897.00SH SOLE 206897.00
National Service Industries, I COM 637657107 676 34537.00 SH SOLE 34537.00
Nextel Communications COM 65332V103 2246 48044.00 SH SOLE 48044.00
Norfolk Southern Corp. COM 655844108 639 43705.00 SH SOLE 43705.00
Nortel Networks Corp. COM 656568102 1650 27696.00 SH SOLE 27696.00
Northern Trust Company COM 665859104 258 2900.00 SH SOLE 2900.00
Oracle Systems Corp COM 68389X105 2021 25664.00 SH SOLE 25664.00
Panama Coca Cola Bottling Comp COM 698278207 359 25660.00 SH SOLE 25660.00
Paul Harris Stores COM 703555201 25 25500.00 SH SOLE 25500.00
Pepsico COM 713448108 5286 114920.00SH SOLE 114920.00
Pfizer COM 717081103 1998 44466.00 SH SOLE 44466.00
Philip Morris Company COM 718154107 602 20440.00 SH SOLE 20440.00
PhotoMedex, Inc. COM 719358103 203 15790.00 SH SOLE 15790.00
Powertel, Inc. COM 73936C109 383 5075.00 SH SOLE 5075.00
Proctor and Gamble COM 742718109 1803 26909.00 SH SOLE 26909.00
Protective Life Corp COM 743674103 203 6800.00 SH SOLE 6800.00
Providian Financial Corp. COM 74406A102 2742 21592.00 SH SOLE 21592.00
Qualcomm, Inc. COM 747525103 363 5100.00 SH SOLE 5100.00
Qwest Communications Internati COM 749121109 462 9613.00 SH SOLE 9613.00
Radioshack Corp. COM 750438103 2267 35085.00 SH SOLE 35085.00
Raytheon Company Class A COM 755111309 432 15763.00 SH SOLE 15763.00
Raytheon Company Class B COM 755111408 1541 54185.00 SH SOLE 54185.00
Republic Services Inc. Class A COM 760759100 542 41311.00 SH SOLE 41311.00
Rock-Tenn Co. COM 772739207 228 22985.00 SH SOLE 22985.00
Royal Dutch Petroleum NY Rg Pa COM 780257804 1607 26815.00 SH SOLE 26815.00
SBC Communications COM 78387G103 2778 55568.00 SH SOLE 55568.00
Saks Incorporated COM 79377W108 1003 101550.00SH SOLE 101550.00
Schlumberger, Ltd. COM 806857108 803 9761.00 SH SOLE 9761.00
Shaw Industries COM 820286102 1298 70172.00 SH SOLE 70172.00
Southwest Airlines Co. COM 844741108 647 26700.00 SH SOLE 26700.00
Staples, Inc. COM 855030102 446 31401.00 SH SOLE 31401.00
Sun Microsystems, Inc. COM 866810104 7567 64330.00 SH SOLE 64330.00
Sunrise Assisted Living, Inc. COM 86768K106 2050 94525.00 SH SOLE 94525.00
Suntrust Banks, Inc. COM 867914103 2298 46135.00 SH SOLE 46135.00
Tenet Healthcare COM 88033G100 2257 62050.00 SH SOLE 62050.00
Texas Instruments COM 882508104 448 9485.00 SH SOLE 9485.00
The Gap COM 364760108 526 26150.00 SH SOLE 26150.00
Tyco International, Ltd. COM 902124106 12404 239111.00SH SOLE 239111.00
United Technologies Corp. COM 913017109 244 3518.00 SH SOLE 3518.00
Unocal COM 915289102 376 10600.00 SH SOLE 10600.00
UnumProvident Corporation COM 91529Y106 3952 145032.00SH SOLE 145032.00
Verisign Inc. COM 92343E102 304 1500.00 SH SOLE 1500.00
Verizon Communications COM 92343V104 2552 52696.00 SH SOLE 52696.00
Viacom Inc Cl B COM 925524308 1872 32004.00 SH SOLE 32004.00
Vodafone Group PLC - Spons ADR COM 92857W100 477 12880.00 SH SOLE 12880.00
Vulcan Materials Corp. COM 929160109 3741 93085.00 SH SOLE 93085.00
Wachovia Corp. COM 929771103 202 3558.00 SH SOLE 3558.00
Wal-Mart Stores COM 931142103 1755 36467.00 SH SOLE 36467.00
Walgreen Co. COM 931422109 1032 27200.00 SH SOLE 27200.00
Walt Disney COM 254687106 3499 91490.00 SH SOLE 91490.00
Wells Fargo COM 949746101 262 5708.00 SH SOLE 5708.00
Weyerhaeuser Co. COM 962166104 810 20065.00 SH SOLE 20065.00
Williams Companies Del COM 969457100 1313 31072.00 SH SOLE 31072.00
WorldCom, Inc. COM 98157D106 5004 164727.00SH SOLE 164727.00
Franklin Mutual Beacon Fund - MUF 628380305 213 14889.94 SH SOLE 14889.94
Growth Fund of America, Inc. MUF 399874106 278 8080.78 SH SOLE 8080.78
Morgan Stanley Emerging Market MUF 61744G107 321 25445.00 SH SOLE 25445.00
Templeton Emerging Markets Fun MUF 880191101 127 15150.00 SH SOLE 15150.00
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