UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: 3/31/99
CHECK HERE IF AMENDMENT (x ); AMENDMENT NUMBER:2
THIS AMENDMENT (CHECK ONLY ONE.): (x ) IS A RESTATEMENT.
( ) ADDS NEW HOLDINGS ENTRIES
INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT:
NAME: Kanaly Trust Company
ADDRESS: 4550 Post Oak Place
#139
Houston, TX 77027
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: Betty Keddington
TITLE: Senior Vice President
PHONE: (713)626-9483
SIGNATURE,PLACE,AND DATE OF SIGNING:
Betty Keddington Houston, TX 3/31/99
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 EXCHANGE ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 162
FORM 13F INFORMATION TABLE VALUE TOTAL: $379,361,279
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
A T & T CORP COMMON STOCK 001957109 276 3460 SH DEFINED 3460 0 0
A T & T CORP COMMON STOCK 001957109 41 516 SH OTHER 316 0 200
ABBOTT LABORATORIES COMMON STOCK 002824100 8138 173850 SH DEFINED 171825 825 1200
ABBOTT LABORATORIES COMMON STOCK 002824100 1008 21537 SH OTHER 18262 1400 1875
AIR PRODS & CHEMS INC COMMON STOCK 009158106 5574 162755 SH DEFINED 161380 450 925
AIR PRODS & CHEMS INC COMMON STOCK 009158106 641 18725 SH OTHER 15875 850 2000
ALLIED SIGNAL INC COMMON STOCK 019512102 6921 140710 SH DEFINED 139410 425 875
ALLIED SIGNAL INC COMMON STOCK 019512102 627 12737 SH OTHER 10062 850 1825
ALLTEL CORP COMMON STOCK 020039103 3818 61212 SH DEFINED 60912 275 25
ALLTEL CORP COMMON STOCK 020039103 372 5963 SH OTHER 5238 0 725
AMERICAN HOME PRODS CORP COMMON STOCK 026609107 592 9070 SH DEFINED 9070 0 0
AMERICAN HOME PRODS CORP COMMON STOCK 026609107 356 5450 SH OTHER 5250 200 0
AMERICAN INTL GROUP INC COMMON STOCK 026874107 10394 86172 SH DEFINED 84917 337 918
AMERICAN INTL GROUP INC COMMON STOCK 026874107 1620 13431 SH OTHER 11801 675 955
AMERITECH CORP NEW COMMON STOCK 030954101 336 5823 SH DEFINED 5823 0 0
AMERITECH CORP NEW COMMON STOCK 030954101 41 706 SH OTHER 556 150 0
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 227 3100 SH DEFINED 3100 0 0
ATLANTIC RICHFIELD CO COMMON STOCK 048825103 11 150 SH OTHER 50 100 0
AUTOMATIC DATA PROCESSING INC COMMON STOCK 053015103 5061 122324 SH DEFINED 120424 750 1150
AUTOMATIC DATA PROCESSING INC COMMON STOCK 053015103 907 21925 SH OTHER 19775 800 1350
AVON PRODS INC COMMON STOCK 054303102 6804 144577 SH DEFINED 143052 625 900
AVON PRODS INC COMMON STOCK 054303102 631 13398 SH OTHER 10573 800 2025
BAKER HUGHES INC COMMON STOCK 057224107 2995 123184 SH DEFINED 123184 0 0
BANK ONE CORP COMMON STOCK 06423A103 1983 36007 SH DEFINED 36007 0 0
BANK ONE CORP COMMON STOCK 06423A103 215 3904 SH OTHER 3804 100 0
BELL ATLANTIC CORP COMMON STOCK 077853109 3512 67939 SH DEFINED 67564 325 50
BELL ATLANTIC CORP COMMON STOCK 077853109 350 6770 SH OTHER 5945 0 825
BJ SERVICES CO COMMON STOCK 055482103 256 11000 SH DEFINED 11000 0 0
BP AMOCO PLC SPONS ADR COMMON STOCK 055622104 7630 75545 SH DEFINED 75166 330 49
BP AMOCO PLC SPONS ADR COMMON STOCK 055622104 825 8164 SH OTHER 7222 0 942
BRISTOL MYERS SQUIBB CO COMMON STOCK 110122108 680 10600 SH DEFINED 10600 0 0
BRISTOL MYERS SQUIBB CO COMMON STOCK 110122108 962 15000 SH OTHER 13000 200 1800
BROWNING-FERRIS INDS INC COMMON STOCK 115885105 177 4600 SH DEFINED 4600 0 0
BROWNING-FERRIS INDS INC COMMON STOCK 115885105 48 1250 SH OTHER 1250 0 0
CISCO SYS INC COMMON STOCK 17275R102 4517 41230 SH DEFINED 41030 175 25
CISCO SYS INC COMMON STOCK 17275R102 436 3975 SH OTHER 3525 0 450
CITIGROUP INC COMMON STOCK 172967101 635 9949 SH DEFINED 9949 0 0
CITIGROUP INC COMMON STOCK 172967101 300 4701 SH OTHER 4701 0 0
COCA COLA CO COMMON STOCK 191216100 7678 125102 SH DEFINED 123877 450 775
COCA COLA CO COMMON STOCK 191216100 844 13752 SH OTHER 11352 475 1925
COLGATE PALMOLIVE CO COMMON STOCK 194162103 424 4605 SH DEFINED 4605 0 0
COLGATE PALMOLIVE CO COMMON STOCK 194162103 221 2400 SH OTHER 2400 0 0
COMPAQ COMPUTER CORP COMMON STOCK 204493100 840 26501 SH DEFINED 26501 0 0
COMPAQ COMPUTER CORP COMMON STOCK 204493100 183 5783 SH OTHER 5783 0 0
COOPER CAMERON CORP COMMON STOCK 216640102 2370 69961 SH DEFINED 69961 0 0
DAIMLER-CHRYSLER AG ORD COMMON STOCK D1668R123 267 3117 SH DEFINED 3117 0 0
DAIMLER-CHRYSLER AG ORD COMMON STOCK D1668R123 5 62 SH OTHER 62 0 0
DISNEY WALT CO COMMON STOCK 254687106 3559 114337 SH DEFINED 112712 550 1075
DISNEY WALT CO COMMON STOCK 254687106 386 12413 SH OTHER 11013 0 1400
DU PONT E I DE NEMOURS & CO COMMON STOCK 263534109 4021 69253 SH DEFINED 68103 0 1150
DU PONT E I DE NEMOURS & CO COMMON STOCK 263534109 126 2175 SH OTHER 2175 0 0
DUKE ENERGY CORP COMMON STOCK 264399106 666 12142 SH DEFINED 12142 0 0
DYNEGY INC COMMON STOCK 26816L102 14 1000 SH DEFINED 1000 0 0
DYNEGY INC COMMON STOCK 26816L102 141 10000 SH OTHER 10000 0 0
E M C CORP MASS COMMON STOCK 268648102 5608 43898 SH DEFINED 43898 0 0
EMERSON ELEC CO COMMON STOCK 291011104 5811 109774 SH DEFINED 108374 375 1025
EMERSON ELEC CO COMMON STOCK 291011104 632 11947 SH OTHER 10047 550 1350
ENRON CORP COMMON STOCK 293561106 6853 106662 SH DEFINED 106062 500 100
ENRON CORP COMMON STOCK 293561106 915 14247 SH OTHER 12347 700 1200
EXXON CORP COMMON STOCK 302290101 12007 170165 SH DEFINED 149367 0 20798
EXXON CORP COMMON STOCK 302290101 12091 171358 SH OTHER 70404 0 100954
FEDERAL NATIONAL MORTGAGE ASSN COMMON STOCK 313586109 9266 133798 SH DEFINED 132123 525 1150
FEDERAL NATIONAL MORTGAGE ASSN COMMON STOCK 313586109 1176 16985 SH OTHER 14635 900 1450
FIRST UN CORP COMMON STOCK 337358105 5518 103252 SH DEFINED 102427 475 350
FIRST UN CORP COMMON STOCK 337358105 497 9300 SH OTHER 7725 150 1425
FORD MTR CO DEL COMMON STOCK 345370100 319 5625 SH DEFINED 5625 0 0
FORD MTR CO DEL COMMON STOCK 345370100 60 1050 SH OTHER 1050 0 0
GENERAL ELEC CO COMMON STOCK 369604103 12740 115166 SH DEFINED 112921 350 1895
GENERAL ELEC CO COMMON STOCK 369604103 2748 24840 SH OTHER 22900 500 1440
GENERAL MILLS INC COMMON STOCK 370334104 210 2775 SH DEFINED 2775 0 0
GENERAL MILLS INC COMMON STOCK 370334104 11 150 SH OTHER 50 100 0
GLOBAL INDS LTD COMMON STOCK 379336100 138 13624 SH DEFINED 13624 0 0
GLOBAL MARINE INC COMMON STOCK 379352404 2228 189654 SH DEFINED 189654 0 0
GTE CORP COMMON STOCK 362320103 414 6850 SH DEFINED 6850 0 0
GTE CORP COMMON STOCK 362320103 41 675 SH OTHER 525 150 0
HALLIBURTON CO COMMON STOCK 406216101 236 6138 SH DEFINED 6138 0 0
HALLIBURTON CO COMMON STOCK 406216101 8 200 SH OTHER 200 0 0
HEARST-ARGYLE TELEVISION INC COMMON STOCK 422317107 903 36654 SH DEFINED 36654 0 0
HEINZ H J CO COMMON STOCK 423074103 206 4339 SH DEFINED 4339 0 0
HEINZ H J CO COMMON STOCK 423074103 28 600 SH OTHER 450 150 0
HEWLETT PACKARD CO COMMON STOCK 428236103 4575 67463 SH DEFINED 66888 275 300
HEWLETT PACKARD CO COMMON STOCK 428236103 621 9163 SH OTHER 7913 425 825
HOME DEPOT INC COMMON STOCK 437076102 11529 185206 SH DEFINED 181258 824 3124
HOME DEPOT INC COMMON STOCK 437076102 3096 49731 SH OTHER 46157 1374 2200
IMCO RECYCLING INC COMMON STOCK 449681105 77 5960 SH DEFINED 5960 0 0
IMCO RECYCLING INC COMMON STOCK 449681105 806 62584 SH OTHER 62584 0 0
INTEL CORP COMMON STOCK 458140100 10778 90667 SH DEFINED 89442 450 775
INTEL CORP COMMON STOCK 458140100 1699 14295 SH OTHER 12895 500 900
INTERNATIONAL BUSINESS MACHS C COMMON STOCK 459200101 694 3915 SH DEFINED 3915 0 0
INTERNATIONAL BUSINESS MACHS C COMMON STOCK 459200101 110 622 SH OTHER 622 0 0
INTERNATIONAL NETWORK SVCS COMMON STOCK 460053101 321 4591 SH DEFINED 4591 0 0
JMAR INDS INC COMMON STOCK 466212107 150 60000 SH OTHER 60000 0 0
JOHNSON & JOHNSON COMMON STOCK 478160104 10174 108818 SH DEFINED 107518 475 825
JOHNSON & JOHNSON COMMON STOCK 478160104 1462 15637 SH OTHER 13812 600 1225
LIFECELL CORP COMMON STOCK 531927101 810 175108 SH OTHER 175108 0 0
LINCOLN NATL CORP IND COMMON STOCK 534187109 277 2800 SH DEFINED 2800 0 0
LINCOLN NATL CORP IND COMMON STOCK 534187109 40 400 SH OTHER 300 100 0
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 8092 74922 SH DEFINED 73872 250 800
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 1271 11769 SH OTHER 10191 400 1178
MARSH & MCLENNAN COS INC COMMON STOCK 571748102 347 4676 SH DEFINED 4676 0 0
MARSH & MCLENNAN COS INC COMMON STOCK 571748102 15 200 SH OTHER 50 150 0
MAY DEPT STORES CO COMMON STOCK 577778103 226 5769 SH DEFINED 5769 0 0
MAY DEPT STORES CO COMMON STOCK 577778103 100 2549 SH OTHER 2549 0 0
MEAD CORP COMMON STOCK 582834107 4743 154237 SH DEFINED 153312 775 150
MEAD CORP COMMON STOCK 582834107 524 17038 SH OTHER 14488 850 1700
MEDTRONIC INC COMMON STOCK 585055106 118 1635 SH DEFINED 1635 0 0
MEDTRONIC INC COMMON STOCK 585055106 230 3200 SH OTHER 3200 0 0
MERCK & CO INC COMMON STOCK 589331107 752 9386 SH DEFINED 9386 0 0
MERCK & CO INC COMMON STOCK 589331107 353 4400 SH OTHER 3800 0 600
MICHIGAN FINL CORP COMMON STOCK 594480105 366 13071 SH OTHER 13071 0 0
MICROSOFT CORP COMMON STOCK 594918104 13229 147608 SH DEFINED 145508 800 1300
MICROSOFT CORP COMMON STOCK 594918104 2603 29046 SH OTHER 26546 1000 1500
MINNESOTA MNG & MFG CO COMMON STOCK 604059105 235 3325 SH DEFINED 3325 0 0
MINNESOTA MNG & MFG CO COMMON STOCK 604059105 18 250 SH OTHER 150 100 0
MOBIL CORP COMMON STOCK 607059102 7312 83093 SH DEFINED 82318 300 475
MOBIL CORP COMMON STOCK 607059102 2066 23482 SH OTHER 21917 700 865
NOBLE DRILLING CORP COMMON STOCK 655042109 692 39815 SH DEFINED 39815 0 0
NOBLE DRILLING CORP COMMON STOCK 655042109 17 1000 SH OTHER 1000 0 0
OCEAN ENERGY INC NEW COMMON STOCK 674812201 86 13092 SH DEFINED 13092 0 0
OLD NATL BANCORP IND COMMON STOCK 680033107 348 7623 SH DEFINED 7623 0 0
PEPSICO INC COMMON STOCK 713448108 443 11315 SH DEFINED 11315 0 0
PEPSICO INC COMMON STOCK 713448108 352 8978 SH OTHER 8978 0 0
PFIZER INC COMMON STOCK 717081103 7205 51930 SH DEFINED 51725 155 50
PFIZER INC COMMON STOCK 717081103 1184 8530 SH OTHER 7430 550 550
PIONEER INTEREST SHS COMMON STOCK 723703104 133 10000 SH DEFINED 10000 0 0
PRIDE INTL INC COMMON STOCK 741932107 83 10000 SH DEFINED 10000 0 0
PRIDE INTL INC COMMON STOCK 741932107 931 112900 SH OTHER 112900 0 0
PROCTER & GAMBLE CO COMMON STOCK 742718109 9814 100208 SH DEFINED 98983 450 775
PROCTER & GAMBLE CO COMMON STOCK 742718109 1484 15157 SH OTHER 13582 600 975
SARA LEE CORP COMMON STOCK 803111103 5078 205160 SH DEFINED 202110 1050 2000
SARA LEE CORP COMMON STOCK 803111103 553 22325 SH OTHER 18375 1250 2700
SBC COMMUNICATIONS INC. COMMON STOCK 78387G103 7276 154187 SH DEFINED 153487 600 100
SBC COMMUNICATIONS INC. COMMON STOCK 78387G103 1310 27754 SH OTHER 23627 1200 2927
SCHERING PLOUGH CORP COMMON STOCK 806605101 11362 205642 SH DEFINED 201992 1000 2650
SCHERING PLOUGH CORP COMMON STOCK 806605101 2212 40040 SH OTHER 36415 1450 2175
SCHLUMBERGER LTD COMMON STOCK 806857108 2256 37484 SH DEFINED 36214 0 1270
SCHLUMBERGER LTD COMMON STOCK 806857108 640 10634 SH OTHER 10634 0 0
SEITEL INC COMMON STOCK 816074306 279 20000 SH DEFINED 20000 0 0
SOUTHWEST AIRLS CO COMMON STOCK 844741108 271 8967 SH DEFINED 8967 0 0
SOUTHWEST AIRLS CO COMMON STOCK 844741108 194 6425 SH OTHER 6425 0 0
STEWART & STEVENSON SVCS INC COMMON STOCK 860342104 60 7780 SH DEFINED 7780 0 0
STEWART & STEVENSON SVCS INC COMMON STOCK 860342104 13060 1698849 SH OTHER 67742 0 1631107
TCA CABLE TV INC COMMON STOCK 872241104 4061 93360 SH DEFINED 79000 0 14360
TCA CABLE TV INC COMMON STOCK 872241104 261 6000 SH OTHER 6000 0 0
TEXACO INC COMMON STOCK 881694103 317 5594 SH DEFINED 5150 0 444
TEXACO INC COMMON STOCK 881694103 103 1815 SH OTHER 1665 150 0
TRANSCANADA PIPELINES LTD COMMON STOCK 893526103 128 10000 SH DEFINED 10000 0 0
TYCO INTL LTD NEW COMMON STOCK 902124106 1529 21316 SH DEFINED 21316 0 0
TYCO INTL LTD NEW COMMON STOCK 902124106 3322 46306 SH OTHER 46306 0 0
U S WEST INC NEW COMMON STOCK 91273H101 241 4385 SH DEFINED 4385 0 0
U S WEST INC NEW COMMON STOCK 91273H101 57 1030 SH OTHER 620 0 410
WAL MART STORES INC COMMON STOCK 931142103 7335 79563 SH DEFINED 77438 300 1825
WAL MART STORES INC COMMON STOCK 931142103 1106 11998 SH OTHER 10623 500 875
WALGREEN CO COMMON STOCK 931422109 8321 294566 SH DEFINED 290166 1100 3300
WALGREEN CO COMMON STOCK 931422109 1507 53351 SH OTHER 48051 1900 3400
WELLS FARGO & CO NEW COMMON STOCK 949746101 8480 241866 SH DEFINED 239116 750 2000
WELLS FARGO & CO NEW COMMON STOCK 949746101 1133 32322 SH OTHER 28222 1350 2750
WHIRLPOOL CORP COMMON STOCK 963320106 224 4125 SH DEFINED 4125 0 0
WHIRLPOOL CORP COMMON STOCK 963320106 7 125 SH OTHER 125 0 0
WILLIAMS COS INC COMMON STOCK 969457100 775 19617 SH DEFINED 4617 0 15000
ROYAL DUTCH PETE CO COMMON STOCK 780257804 632 12146 SH DEFINED 12146 0 0
ROYAL DUTCH PETE CO COMMON STOCK 780257804 354 6800 SH OTHER 6800 0 0
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