Market Shares of
Class Cusip Value (in Prin (a) Sole
Name of Issuer Title Number "$1,000)" Amount
SANTA FE INTL ORD G7805C108 801 "22,933" X
AT&T COM 001957109 284 "8,977" X
AXA FINANCIAL COM 002451102 894 "26,285" X
ACXIOM COM 005125109 "1,460" "53,580" X
AMERICA ONLINE COM 02364J104 "1,762" "33,418" X
AMERICAN EXPRESS COM 025816109 701 "13,450" X
AMERICAN PWR CONVERSION COM 029066107 "1,204" "29,494" X
AMRESCO CAP TR COM 031919103 253 "25,000" X
ANHEUSER BUSCH COM 035229103 "10,456" "14,000" X
AUTOMATIC DATA PROCESSING COM 053015103 503 "9,400" X
AUTOZONE COM 053332102 "1,437" "65,326" X
BMC SOFTWARE COM 055921100 207 "5,677" X
BANK OF AMERICA COM 060505104 919 "21,380" X
BELLSOUTH COM 079860102 "1,303" "30,568" X
BRISTOL MYERS SQUIBB COM 110122108 310 "5,327" X
BRITISH TELECOMMUNICATIONS ADR 111021408 635 "4,800" X
BUCKEYE TECHNOLOGIES COM 118255108 "1,722" "78,515" X
CISCO SYSTEMS COM 17275R102 838 "13,190" X
COASTAL BANCORP COM 19041P105 647 "45,000" X
COCA COLA COM 191216100 "1,363" "23,735" X
COMMSCOPE COM 203372107 "2,193" "53,498" X
COMPASS BANCSHARES COM 20449H109 418 "24,471" X
COMPAQ COMPUTER COM 204493100 389 "15,214" X
COMPUTER SCIENCES COM 205363104 838 "11,225" X
CONCORD EFS COM 206197105 "4,901" "188,491" X
CREE COM 225447101 "4,146" "31,056" X
DELL COMPUTER COM 247025109 "1,149" "23,300" X
DOLLAR GENERAL COM 256669102 "1,943" "99,643" X
DYCOM INDUSTRIES COM 267475101 "2,802" "60,907" X
EGL COM 268484102 "2,354" "76,553" X
E M C COM 268648102 "1,656" "21,520" X
EDWARDS A G COM 281760108 218 "5,600" X
ELECTRONIC DATA SYSTEMS COM 285661104 "1,347" "32,658" X
ENRON COM 293561106 622 "9,650" X
EXXON MOBIL COM 30231G102 "2,663" "33,923" X
FEDEX COM 31428X106 706 "18,592" X
FINISAR COM 31787A101 539 "20,600" X
FIRST FED BANCSHARES COM 32020F105 369 "25,000" X
FIRST TENNESSEE COM 337162101 "1,277" "77,126" X
GANNETT COM 364730101 "1,235" "20,655" X
GENERAL ELECTRIC COM 369604103 "2,914" "54,979" X
GENTEX COM 371901109 483 "13,029" X
GULF ISLAND FABRICATION COM 402307102 "1,148" "67,500" X
HEALTHSOUTH COM 421924101 111 "15,384" X
HEALTH MANAGEMENT COM 421933102 "1,654" "126,609" X
HEWLETT PACKARD COM 428236103 637 "5,100" X
HIBERNIA COM 428656102 590 "54,240" X
HOME DEPOT COM 437076102 "4,968" "99,486" X
HONEYWELL INTERNATIONAL COM 438516106 761 "22,588" X
INFINITY BROADCASTING COM 45662S102 384 "10,550" X
INTEL COM 458140100 241 "1,800" X
INTERNATIONAL BUSINESS MACHS COM 459200101 "2,191" "19,999" X
LUCENT TECHNOLOGIES COM 549463107 435 "7,348" X
MERCK & COMPANY COM 589331107 "1,226" "16,000" X
MICROSOFT COM 594918104 "3,283" "41,037" X
MORGAN STANLEY DEAN WITTER COM 617446448 420 "5,050" X
MYLAN LABS COM 628530107 519 "28,450" X
NS GROUP COM 628916108 823 "39,311" X
NATIONAL COMM BANCORP COM 635449101 593 "36,938" X
NEW PLAN EXCEL RLTY TRUST COM 648053106 433 "33,310" X
NOBLE AFFILIATES COM 654894104 "1,092" "29,313" X
NOKIA ADR 654902204 761 "15,230" X
NOBLE DRILLING COM 655042109 618 "15,000" X
NORTEL NETWORKS COM 656568102 "1,112" "16,300" X
NOVA COM 669784100 643 "23,000" X
O CHARLEYS COM 670823103 "1,226" "90,000" X
ORTHODONTIC CENTERS COM 68750P103 "1,647" "72,810" X
PATTERSON ENERGY COM 703414102 "2,850" "100,000" X
PFIZER COM 717081103 "1,488" "31,008" X
PHILIP MORRIS COM 718154107 364 "13,715" X
PROCTER & GAMBLE COM 742718109 771 "13,463" X
PROTECTIVE LIFE COM 743674103 421 "15,803" X
QLOGIC COM 747277101 "2,066" "31,267" X
RFS HOTEL INVESTORS COM 74955J108 552 "47,000" X
RF MICRODEVICES COM 749941100 "1,974" "22,528" X
RENAL CARE GROUP COM 759930100 "2,571" "105,136" X
SBC COMMUNICATIONS COM 78387G103 "1,775" "41,052" X
SCB COMPUTER TECHNOLOGY COM 78388N107 59 "25,500" X
SCI SYSTEMS COM 783890106 "4,321" "110,271" X
SAKS COM 79377W108 159 "15,124" X
SCHERING PLOUGH COM 806605101 975 "19,311" X
SCHLUMBERGER COM 806857108 731 "9,800" X
SERVICEMASTER COM 81760N109 735 "64,573" X
SHAW GROUP COM 820280105 "3,891" "87,470" X
SOLECTRON COM 834182107 345 "8,250" X
SOUTHERN COM 842587107 450 "19,300" X
SOUTHTRUST COM 844730101 281 "12,424" X
STAFF LEASING COM 852381102 36 "10,000" X
STATE STREET COM 857477103 289 "2,725" X
SUN MICROSYSTEMS COM 866810104 "1,262" "13,875" X
TEXAS INSTRUMENTS COM 882508104 "2,954" "43,000" X
TIME WARNER COM 887315109 569 "7,490" X
TYCO INTERNATIONAL COM 902124106 818 "17,275" X
USX MARATHON GROUP COM 902905827 804 "32,095" X
UNION PLANTERS COM 908068109 425 "15,212" X
WAL MART STORES COM 931142103 "1,586" "27,525" X
WALGREEN COM 931422109 304 "9,450" X
WATERS COM 941848103 610 "4,888" X
WESTPOINT STEVENS COM 961238102 199 "17,916" X
WORLDCOM COM 98157D106 "6,318" "137,723" X
