Market Shares of
Class Cusip Value (in Prin (a) Sole
Name of Issuer Title Number "$1,000)" Amount
AT&T COM 001957109 217 "3,854" Sole
AXA FINANCIAL COM 002451102 914 "25,470" Sole
ACXIOM CORP COM 005125109 "2,008" "60,384" Sole
AMERICA ONLINE COM 02364J104 "2,545" "37,793" Sole
AMERICAN EXPRESS COM 025816109 626 "4,200" Sole
AMERICAN PWR CONVERSION COM 029066107 "1,404" "32,743" Sole
AMRESCO CAPITAL COM 031919103 265 "26,000" Sole
ANHEUSER BUSCH COM 035229103 872 "14,000" Sole
AUTOMATIC DATA PROCESSING COM 053015103 439 "9,100" Sole
AUTOZONE COM 053332102 "1,849" "66,630" Sole
BMC SOFTWARE COM 055921100 293 "5,942" Sole
BANK OF AMERICA COM 060505104 "1,121" "21,380" Sole
BELL ATLANTIC COM 077853109 789 "12,904" Sole
BELLSOUTH COM 079860102 "1,436" "30,568" Sole
BRISTOL-MYERS SQUIBB COM 110122108 324 "5,594" Sole
BRITISH TELECOMMUNICATIONS ADR 111021408 771 "4,100" Sole
BUCKEYE TECHNOLOGIES COM 118255108 "1,440" "81,515" Sole
CISCO SYSTEMS COM 17275R102 954 "12,340" Sole
COASTAL BANCORP COM 19041P105 737 "45,000" Sole
COCA COLA COM 191216100 "1,208" "25,735" Sole
COMMSCOPE COM 203372107 "2,382" "52,199" Sole
COMPASS BANCSHARES COM 20449H109 488 "24,471" Sole
COMPAQ COMPUTERS COM 204493100 438 "16,234" Sole
COMPUTER SCIENCES COM 205363104 "1,153" "14,575" Sole
CONCORD EFS COM 206197105 "4,369" "190,453" Sole
CREE COM 225447101 "3,292" "29,165" Sole
CROSSROADS SYSTEMS COM 22765D100 "1,557" "15,077" Sole
DELL COMPUTER COM 247025109 "1,275" "23,635" Sole
DIAMOND OFFSHORE COM 25271C102 "1,200" "30,045" Sole
DOLLAR GENERAL COM 256669102 "2,185" "81,297" Sole
DYCOM INDUSTRIES COM 267475101 "3,094" "63,457" Sole
EGL COM 268484102 "1,740" "74,446" Sole
EMC COM 268648102 "1,302" "10,335" Sole
EDWARDS AG COM 281760108 224 "5,600" Sole
ELECTRONIC DATA SYSTEMS COM 285661104 "2,522" "39,293" Sole
ENRON COM 293561106 698 "9,325" Sole
EXXON MOBIL COM 30231G102 "2,760" "35,448" Sole
FDX COM 31304N107 725 "18,692" Sole
FINISAR COM 31787A101 908 "6,200" Sole
FIRST FED BANCSHARES COM 32020F105 339 "25,000" Sole
FIRST TENNESSEE COM 337162101 "1,576" "77,566" Sole
GANNETT COM 364730101 "1,470" "20,895" Sole
GENERAL ELECTRIC COM 369604103 "3,230" "20,779" Sole
GENTEX CORP. COM 371901109 483 "13,029" Sole
GULF ISLAND FABRICATION COM 402307102 987 "67,500" Sole
HEALTHSOUTH COM 421924101 92 "15,384" Sole
HEALTH MGMT ASSOC COM 421933102 "1,858" "130,388" Sole
HEWLETT PACKARD COM 428236103 691 "5,200" Sole
HIBERNIA COM 428656102 576 "54,890" Sole
HOME DEPOT COM 437076102 "6,981" "108,233" Sole
HONEYWELL INTERNATIONAL COM 438516106 "1,183" "22,450" Sole
INFINITY BROADCASTING COM 45662S102 328 "10,125" Sole
INTEL COM 458140100 290 "2,200" Sole
INTERNATIONAL BUSINESS MACHS COM 459200101 "2,267" "19,209" Sole
LUCENT TECHNOLOGIES COM 549463107 450 "7,348" Sole
MCI WORLDCOM COM 55268B106 "6,706" "148,003" Sole
MERCK & COMPANY COM 589331107 994 "16,000" Sole
MICROSOFT COM 594918104 "3,657" "34,416" Sole
MORGAN STANLEY DEAN WITTER COM 617446448 381 "4,600" Sole
MYLAN LABS COM 628530107 904 "32,862" Sole
NS GROUP COM 628916108 662 "40,565" Sole
NATIONAL COMM BANCORP COM 635449101 772 "41,722" Sole
NEW PLAN EXCEL REALTY TRUST COM 648053106 490 "35,640" Sole
NOBLE AFFILIATES COM 654894104 982 "29,920" Sole
NOKIA ADR 654902204 754 "3,395" Sole
NOBLE DRILLING COM 655042109 622 "15,000" Sole
NORTEL NETWORKS COM 656569100 "1,592" "12,625" Sole
NOVA COM 669784100 845 "29,000" Sole
O CHARLEYS COM 670823103 "1,170" "90,000" Sole
ORTHODONTIC CENTERS COM 68750P103 "1,390" "73,955" Sole
PATTERSON ENERGY COM 703414102 "3,493" "110,000" Sole
PFIZER COM 717081103 773 "21,145" Sole
PHILIP MORRIS COM 718154107 290 "13,715" Sole
PROCTER & GAMBLE COM 742718109 776 "13,733" Sole
PROTECTIVE LIFE COM 743674103 546 "17,203" Sole
QLOGIC COM 747277101 "3,749" "27,665" Sole
QWEST COM 749121109 130 "12,000" Sole
RFS HOTEL INVESTORS COM 74955J108 506 "47,000" Sole
RF MICRO DEVICES COM 749941100 "2,582" "19,217" Sole
RENAL CARE GROUP COM 759930100 "2,307" "106,373" Sole
REXALL SUNDOWN COM 761648104 574 "40,650" Sole
ROYAL CARIBBEAN CRUISES COM V7780T103 257 "9,176" Sole
SBC COMMUNICATION COM 78387G103 "1,726" "41,052" Sole
SCB COMPUTER TECHNOLOGY COM 78388N107 45 "15,500" Sole
SCI SYSTEMS COM 783890106 "6,014" "111,786" Sole
SAKS COM 79377W108 781 "53,895" Sole
SCHERING PLOUGH COM 806605101 791 "21,311" Sole
SCHLUMBERGER COM 806857108 861 "11,250" Sole
SERVICEMASTER COM 81760N109 736 "65,428" Sole
SHAW GROUP COM 820280105 "3,154" "89,470" Sole
SOLECTRON COM 834182107 317 "7,900" Sole
SOUTHERN COMPANY COM 842587107 435 "20,000" Sole
SOUTHTRUST COM 844730101 361 "14,199" Sole
SUN MICROSYSTEMS COM 866810104 "1,537" "16,400" Sole
TEXAS INSTRUMENTS COM 882508104 "3,360" "21,000" Sole
TIME WARNER COM 887315109 729 "7,290" Sole
TYCO INTERNATIONAL COM 902124106 871 "17,375" Sole
USX MARATHON GROUP COM 902905827 848 "32,545" Sole
UNION PLANTERS COM 908068109 497 "16,142" Sole
WAL MART STORES COM 931142103 "1,510" "26,720" Sole
WARNER LAMBERT COM 934488107 322 "3,300" Sole
WATERS COM 941848103 491 "5,157" Sole
WESTPOINT STEVENS COM 961238102 "2,386" "125,601" Sole
