UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: First-Citizens Bank & Trust Company
Address: 100 E. Tryon Street
Raleigh, N.C. 27603
13F File Number: 28-04913
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, to the best of his or her
knowledge, 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: Randall H. Devers
Title: Senior Vice President
Phone: 919-716-7505
Signature, Place, and Date of Signing
Randall H. Devers Raleigh, North Carolina February 11, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other managers Reporting for this Manager:
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 271
Form 13F Information Table Value Total: $2,768,981
List of Other Included Managers:
No. 13F File Number Name
<PAGE>
<TABLE>
<CAPTION>
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 1
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
AF BANKSHARES, INC 001046101 366 45,000 SH
X 45,000
COMMON
AFLAC INC. 001055102 126,690 2,684,798 SH
X 2,684,498 300
AFLAC INC. 001055102 1,850 39,205 SH
X X 11,600 2,005 25,600
AT&T CORP N Y COM 001957109 2,124 41,802 SH
X 32,946 300 8,556
AT&T CORP N Y COM 001957109 490 9,649 SH
X X 6,423 2,250 976
ABBOTT LABS 002824100 75,088 2,067,804 SH
X 2,065,578 2,226
COMMON
ABBOTT LABS 002824100 880 24,235 SH
X X 8,100 135 16,000
COMMON
ALLIANCE MUN INCOME FD INC 018642108 181 18,508 SH
X 18,508
NATL PTFL CL A
ALLIED IRISH BKS P L C 019228402 439 20,790 SH
X 20,790
ADR SPONS ORD
ALLSTATE CORP 020002101 331 13,746 SH
X 12,461 300 985
COM
ALLSTATE CORP 020002101 306 12,700 SH
X X 5,500 1,400 5,800
COM
AMERICAN HOME PRODS CORP 026609107 824 20,997 SH
X 19,297 900 800
COMMON
AMERICAN HOME PRODS CORP 026609107 426 10,860 SH
X X 2,860 8,000
COMMON
AMERICAN INTERNATIONAL GROUP INC 026874107 154,056 1,424,796 SH
X 1,424,466 330
COMMON
AMERICAN INTERNATIONAL GROUP INC 026874107 1,838 17,000 SH
X X 3,375 13,625
COMMON
ATLANTIC RICHFIELD CO 048825103 366 4,230 SH
X 4,230
COMMON
ATLANTIC RICHFIELD CO 048825103 313 3,620 SH
X X 3,620
COMMON
BB&T CORP 054937107 961 35,113 SH
X 600 34,513
COMMON
BB&T CORP 054937107 529 19,332 SH
X X 5,522 13,810
COMMON
BP AMOCO P L C 055622104 615 10,370 SH
X 5,074 5,296
ADR SPONSORED
BP AMOCO P L C 055622104 499 8,406 SH
X X 2,716 5,690
ADR SPONSORED
BANK OF AMERICA CORP 060505104 792 15,778 SH
X 11,886 3,892
COM
BANK OF AMERICA CORP 060505104 266 5,298 SH
X X 252 5,046
COM
BANK ONE CORP 06423A103 153 4,783 SH
X 4,489 294
COM
BANK ONE CORP 06423A103 114 3,564 SH
X X 324 3,240
COM
BELL ATLANTIC CORP 077853109 1,243 20,183 SH
X 16,200 3,983
COMMON
----------
PAGE TOTAL 371,740
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 2
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
BELL ATLANTIC CORP 077853109 430 6,992 SH
X X 6,992
COMMON
BELL SOUTH CORP 079860102 26,698 570,312 SH
X 555,198 15,114
COMMON
BELL SOUTH CORP 079860102 2,072 44,264 SH
X X 19,552 24,712
COMMON
BESTFOODS 08658U101 201 3,820 SH
X 3,820
COM
BESTFOODS 08658U101 304 5,782 SH
X X 2,800 582 2,400
COM
BIOGEN INC 090597105 254 3,000 SH
X 3,000
COM
BIOGEN INC 090597105 507 6,000 SH
X X 6,000
COM
BRISTOL MYERS SQUIBB CO 110122108 99,331 1,547,506 SH
X 1,544,761 2,745
COMMON
BRISTOL MYERS SQUIBB CO 110122108 1,743 27,154 SH
X X 5,598 7,656 13,900
COMMON
BROADWING INC 111620100 350 9,500 SH
X 9,500
COM
CCB FINL CORP COM 124875105 252 5,779 SH
X 5,779
CCB FINL CORP COM 124875105 175 4,010 SH
X 4,010
CCB FINL CORP COM 124875105 44 1,000 SH
X X 1,000
MONTAG CALDWELL GROWTH FUND 126413509 293 8,463 SH
X 8,463
CT&T MONTAG & CALDWELL BALANCED FUND 126413608 268 13,698 SH
X 13,698
CAPITAL BANK CORP 139793103 436 56,320 SH
X 56,320
COMMON
CAROLINA FINCORP, INC 143874105 166 16,323 SH
X 16,323
COMMON
CAROLINA PWR & LT CO 144141108 507 16,673 SH
X 1,382 15,291
COMMON
CAROLINA PWR & LT CO 144141108 168 5,519 SH
X X 941 4,578
COMMON
CENTURA BKS INC 15640T100 32 718 SH
X 718
COMMON
CENTURA BKS INC 15640T100 326 7,383 SH
X X 7,383
COMMON
CENTURY BANCORP, INC 156433104 679 53,000 SH
X 53,000
COMMON
CHEVRON CORP 166751107 24,187 279,215 SH
X 279,215
COMMON
CHEVRON CORP 166751107 368 4,244 SH
X X 1,244 3,000
COMMON
CISCO SYSTEM INC 17275R102 1,903 17,760 SH
X 16,261 1,499
COMMON
CISCO SYSTEM INC 17275R102 1,896 17,700 SH
X X 6,000 11,700
COMMON
CLOROX COMPANY 189054109 148,663 2,951,130 SH
X 2,950,480 650
COMMON
CLOROX COMPANY 189054109 790 15,676 SH
X X 400 15,276
COMMON
COCA COLA CO 191216100 134,963 2,316,953 SH
X 2,314,925 2,028
COMMON
----------
PAGE TOTAL 448,006
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 3
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
COCA COLA CO 191216100 7,063 121,256 SH
X X 6,000 3,400 111,856
COMMON
COLGATE-PALMOLIVE 194162103 68,147 1,048,418 SH
X 1,047,838 580
COMMON STOCK
COLGATE-PALMOLIVE 194162103 277 4,264 SH
X X 1,064 3,200
COMMON STOCK
COMPUTER ASSOCIATES 204912109 231 3,300 SH
X X 3,000 300
INTERNATIONAL INC. COMMON
CONAGRA INC COM 205887102 439 19,350 SH
X X 600 18,750
DAYTON HUDSON 239753106 15 200 SH
X 200
DAYTON HUDSON 239753106 624 8,500 SH
X X 8,500
WALT DISNEY CO 254687106 52,364 1,790,215 SH
X 1,789,490 725
COMMON
WALT DISNEY CO 254687106 76 2,600 SH
X X 2,600
COMMON
DIVERSIFIED RESOURCES CORP 255326100 0 21,000 SH
X X 21,000
COM
DOW CHEMICAL COMPANY 260543103 237 1,775 SH
X 1,775
COMMON
DOW CHEMICAL COMPANY 260543103 184 1,375 SH
X X 1,375
COMMON
DREYFUS APPRECIATION FD INC 261970107 11,688 255,580 SH
X 252,096 3,483
COM
DREYFUS INSTL SHT TRM TREAS SH 261974109 3,919 2,009,954 SH
X 1,997,709 12,244
BEN INT
DREYFUS INSTL SHT TRM TREAS SH 261974109 136 69,671 SH
X X 29,977 39,693
BEN INT
DREYFUS / LAUREL FDS INC 261978787 4,384 241,819 SH
X 241,819
PREM MIDCAP STOCK FD CLASS R
DREYFUS INDEX FDS 26200Q105 355 8,268 SH
X 8,268
S&P 500 INDEX F
DREYFUS PREMIER ST MUN BD FD 26202D714 5 400 SH
X 400
N C SER CL A
DREYFUS PREMIER ST MUN BD FD 26202D714 231 18,194 SH
X X 18,194
N C SER CL A
DREYFUS US TREASURY INTERMEDIATE 26202G105 6,972 597,959 SH
X 587,891 10,068
FUND
DREYFUS US TREASURY INTERMEDIATE 26202G105 87 7,500 SH
X X 552 6,948
FUND
E.I. DUPONT DENEMOURS & CO 263534109 63,180 959,082 SH
X 958,482 600
COMMON
E.I. DUPONT DENEMOURS & CO 263534109 119 1,800 SH
X X 300 1,500
COMMON
DUKE ENERGY CORP. 264399106 1,410 28,124 SH
X 18,987 9,137
COMMON
DUKE ENERGY CORP. 264399106 351 7,011 SH
X X 2,202 4,809
COMMON
----------
PAGE TOTAL 222,494
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 4
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
E M C CORP MASS 268648102 44 400 SH
X 400
COM
E M C CORP MASS 268648102 371 3,400 SH
X X 3,400
COM
EATON VANCE MUNI TR 27826L868 231 24,197 SH
X 6,785 17,412
NC TAX-FREE FUND
EATON VANCE MUNI TR 27826L868 105 11,018 SH
X X 592 10,425
NC TAX-FREE FUND
ELFUN TRS 286281100 340 4,876 SH
X 4,876
UNIT CTF
EQUITY INCOME FD 294700588 13 12,253 SH
X 12,253
UN SR 14 STK M
EXXON MOBIL CORP 30231G102 35,930 445,981 SH
X 440,129 600 5,252
COM
EXXON MOBIL CORP 30231G102 2,766 34,332 SH
X X 4,812 8,312 21,208
COM
FANNIE MAE 313586109 129,177 2,068,879 SH
X 2,068,120 200 559
FANNIE MAE 313586109 826 13,235 SH
X X 1,635 11,600
FEDERATED STK TR 313900102 11,452 317,415 SH
X 317,415
SH BEN INT FUND#19
FEDERATED STK TR 313900102 22 596 SH
X X 596
SH BEN INT FUND#19
FEDERATED STK & BD FD CL A FUND 313911109 381 20,741 SH
X 20,741
FUND#11
FEDERATED INCOME SECS TR FUND 31420C506 119 12,443 SH
X 12,443
FUND# 348
FEDERATED INDEX TR 31420E106 57,563 1,920,698 SH
X 1,920,698
MAX CAP FUND INSTL SHS
FEDERATED INDEX TR 31420E106 925 30,856 SH
X X 30,856
MAX CAP FUND INSTL SHS
FEDERATED USGVT SECS: 2-5 YR 31428P103 404 39,038 SH
X 39,038
SH BEN INT INST FUND#47
FIDELITY ADVISOR SER I 315805101 3,342 45,773 SH
X 32,066 13,706
EQ GRW INSTL CL
FIDELITY ADVISOR SER I 315805101 105 1,433 SH
X X 1,433
EQ GRW INSTL CL
FIDELITY ADVISOR SER I 315805606 530 28,357 SH
X 28,357
MID CAP FUND INSTITUTIONAL CLASS
FIDELITY MAGELLAN FUND INC 316184100 262 1,921 SH
X 1,642 278
COM
FIDELITY GROWTH AND 316389204 3,452 73,191 SH
X 54,338 18,853
INCOME FUND
FIDELITY GROWTH AND 316389204 103 2,185 SH
X X 2,185
INCOME FUND
FIRST CITIZENS BANCSHARES 31946M103 3,961 56,793 SH
X 125 56,668
INC CLASS A COMMON STOCK
FIRST CITIZENS BANCSHARES 31946M103 611 8,759 SH
X X 1,039 7,720
INC CLASS A COMMON STOCK
----------
PAGE TOTAL 253,035
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 5
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
FIRST CITIZENS BANCSHARES 31946M202 858 12,299 SH
X 12,299
INC CLASS B COMMON STOCK
FIRST CITIZENS BANCSHARES 31946M202 54 775 SH
X X 775
INC CLASS B COMMON STOCK
FIRST CITIZENS BANCORPORATION 319460101 11,018 38,080 SH
X 38,080 1,020
OF SOUTH CAROLINA INC COMMON
FIRST CITIZENS BANCORPORATION 319460101 977 3,520 SH
X X 3,520
OF SOUTH CAROLINA INC COMMON
FIRST COMMUNITY FIN CORP 31984M106 247 15,000 SH
X 15,000
COMMON
FIRST INV MLTST INSD TX FREE 320604820 152 12,683 SH
X X 12,683
N C SER
FIRST UNION CORPORATION 337358105 470 14,278 SH
X 5,346 8,932
COMMON
FIRST UNION CORPORATION 337358105 325 9,864 SH
X X 7,056 2,808
COMMON
FIRST WESTERN BANK 337498109 149 20,243 SH
X 20,243
COMMON
FIRSTAR CORP NEW WIS 33763V109 209 9,900 SH
X 9,900
COM
FIRSTAR FDS INC BOND IMMDEX FUND 337938302 9,555 354,922 SH
X 350,528 4,394
RTL
FIRSTAR FDS INC BOND IMMDEX FUND 337938302 970 36,045 SH
X X 487 35,557
RTL
FIRSTAR FDS INC INTERMEDIATE 337938682 8,307 832,401 SH
X 826,600 5,801
BOND MARKET FUND RTL
FIRSTAR FDS INC INTERMEDIATE 337938682 169 16,982 SH
X X 1,346 15,636
BOND MARKET FUND RTL
FORD MOTOR CO DEL 345370100 20,394 382,540 SH
X 382,540
COMMON
FORD MOTOR CO DEL 345370100 219 4,100 SH
X X 1,800 300 2,000
COMMON
FOUR OAKS FINCORP, INC. 350891107 284 9,000 SH
X 9,000
GTE CORP 362320103 254 3,598 SH
X 3,130 468
COMMON
GTE CORP 362320103 416 5,896 SH
X X 826 5,070
COMMON
GANNETT 364730101 332 4,076 SH
X 3,876 200
COMMON
GANNETT 364730101 114 1,400 SH
X X 1,400
COMMON
GATON FEDERAL BANCORP, INC 367304102 64 5,591 SH
X 5,591
COMMON
GENERAL ELEC CO 369604103 158,423 1,023,736 SH
X 1,003,348 450 19,938
COMMON
GENERAL ELEC CO 369604103 4,115 26,590 SH
X X 7,778 9,792 9,020
COMMON
GENERAL MOTORS CORP 370442105 182 2,508 SH
X 2,308 200
COMMON
GENERAL MOTORS CORP 370442105 94 1,300 SH
X X 1,300
COMMON
THE GILLETTE CO 375766102 346 8,410 SH
X 8,410
COMMON
THE GILLETTE CO 375766102 203 4,930 SH
X X 2,530 2,400
COMMON
----------
PAGE TOTAL 218,900
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 6
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
GLAXO PLC 37733W105 296 5,295 SH
X 2,145 3,150
SPONSORED ADR
GLAXO PLC 37733W105 50 900 SH
X X 900
SPONSORED ADR
GOLDMAN SACHS TR 38141W448 978 38,353 SH
X 29,028 9,325
INTL EQTY INSTL
GOLDMAN SACHS TR 38141W810 6,427 685,874 SH
X 666,524 19,350
GS CORE FXD INC
GOLDMAN SACHS TR 38141W810 13 1,398 SH
X X 1,398
GS CORE FXD INC
HERSHEY FOODS CORP. COM 427866108 45,107 950,859 SH
X 950,100 759
HERSHEY FOODS CORP. COM 427866108 831 17,515 SH
X X 665 16,850
HEWLETT PACKARD CO 428236103 101,664 893,746 SH
X 892,896 850
COMMON
HEWLETT PACKARD CO 428236103 808 7,100 SH
X X 100 500 6,500
COMMON
THE HOME DEPOT INC 437076102 423 6,153 SH
X 6,153
THE HOME DEPOT INC 437076102 124 1,800 SH
X X 1,800
IDS HIGH YIELD TAX EXEMPT FD 449440106 55 12,811 SH
X 12,811
CL A
IMS HEALTH INC 449934108 79 2,890 SH
X 2,890
COM
IMS HEALTH INC 449934108 179 6,600 SH
X X 6,000 600
COM
INTEL CORP 458140100 113,490 1,378,759 SH
X 1,377,514 1,245
COMMON
INTEL CORP 458140100 1,574 19,120 SH
X X 8,200 400 10,520
COMMON
IBM CORP 459200101 37,683 349,325 SH
X 348,617 708
COMMON
IBM CORP 459200101 1,161 10,762 SH
X X 3,536 7,226
COMMON
INTERNET CABLE CORP 46057X102 114 10,000 SH
X 10,000
COM
THE INVESTMENT COMPANY OF 461308108 344 10,582 SH
X 10,582
AMERICA COMMON
JANUS INVT FD 471023200 237 5,655 SH
X 5,655
GROWTH & INCOME
JEFFERSON PILOT CORP 475070108 2,267 33,209 SH
X 30,531 2,678
COMMON
JEFFERSON PILOT CORP 475070108 1,521 22,293 SH
X X 1,237 21,056
COMMON
JOHNSON & JOHNSON 478160104 77,138 827,212 SH
X 826,897 315
JOHNSON & JOHNSON 478160104 1,063 11,400 SH
X X 4,000 300 7,100
----------
PAGE TOTAL 393,626
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 7
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
KEYCORP OHIO COM NEW 493267108 28 1,280 SH
X 1,280
KEYCORP OHIO COM NEW 493267108 497 22,476 SH
X X 22,476
KIMBERLY CLARK CORP 494368103 824 12,586 SH
X 11,986 600
LEXMARK INTL GROUP INC 529771107 742 8,200 SH
X X 8,200
CL A
LIBERTY COLONIAL NC TAX EXEMPT 530542661 23 3,340 SH
X 3,340
FUND B
LIBERTY COLONIAL NC TAX EXEMPT 530542661 255 36,958 SH
X X 36,958
FUND B
ELI LILLY & CO 532457108 48,621 731,140 SH
X 721,120 10,020
COMMON
ELI LILLY & CO 532457108 27 400 SH
X X 400
COMMON
LOWE'S COMPANIES, INC 548661107 591 9,894 SH
X 586 9,308
COMMON
LOWE'S COMPANIES, INC 548661107 48 800 SH
X X 800
COMMON
LUCENT TECHNOLOGIES INC 549463107 2,503 33,373 SH
X 24,592 256 8,525
COMMON
LUCENT TECHNOLOGIES INC 549463107 266 3,544 SH
X X 3,260 284
COMMON
MCI WORLDCOM INC 55268B106 268 5,041 SH
X 3,580 1,461
COM
MCI WORLDCOM INC 55268B106 507 9,555 SH
X X 8,955 600
COM
MFS MUN SER TR 55273N871 216 19,353 SH
X 19,318 35
N C MUN BD FD A
MCDONALDS CORP 580135101 575 14,267 SH
X 14,267
COMMON
MCDONALDS CORP 580135101 609 15,100 SH
X X 4,000 1,200 9,900
COMMON
MEDIAONE GROUP INC 58440J104 194 2,521 SH
X 32 2,489
COM
MEDIAONE GROUP INC 58440J104 8 100 SH
X X 100
COM
MEDTRONIC INC COM 585055106 347 9,520 SH
X 9,520
MEDTRONIC INC COM 585055106 182 5,000 SH
X X 5,000
MELLON FINL CORP 58551A108 613 18,000 SH
X 18,000
COM
MERCK & CO INC 589331107 1,314 19,554 SH
X 15,288 4,266
COMMON
MERCK & CO INC 589331107 1,244 18,520 SH
X X 5,700 2,800 10,020
COMMON
MICROSOFT CORP 594918104 127,376 1,091,011 SH
X 1,089,489 1,522
COMMON
----------
PAGE TOTAL 187,878
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 8
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
MICROSOFT CORP 594918104 2,330 19,960 SH
X X 7,400 12,560
COMMON
MINNESOTA MNG & MFG CO 604059105 294 3,000 SH
X 3,000
COMMON
MINNESOTA MNG & MFG CO 604059105 157 1,600 SH
X X 1,600
COMMON
MORGAN STANLEY DEAN WITTER & CO 617446448 172 1,205 SH
X 615 590
COM NEW
MORGAN STANLEY DEAN WITTER & CO 617446448 58 404 SH
X X 404
COM NEW
MOTOROLA 620076109 54 365 SH
X 365
COMMON
MOTOROLA 620076109 670 4,550 SH
X X 200 450 3,900
COMMON
MUNIYIELD QUALITY FD INC 626302103 265 23,404 SH
X 23,404
COM
NORTH STATE TELECOMMUNICATIONS 662642107 1,045 7,884 SH
X 7,884
CORPORATION CLASS A COMMON STOCK
NORTH STATE TELECOMMUNICATIONS 662642206 660 5,742 SH
X 5,742
CORPORATION CLASS B COMMON STOCK
NUVEEN FLAGSHIP MLTST TR III 67065P840 26 2,756 SH
X 2,756
NC MUN BD FD A
NUVEEN FLAGSHIP MLTST TR III 67065P840 152 15,966 SH
X X 15,966
NC MUN BD FD A
NUVEEN FLAGSHIP MUN TR 67065Q400 153 17,306 SH
X 14,031 3,275
MUN BD FD CL R
NUVEEN MUN VALUE FD INC 670928100 79 10,000 SH
X 10,000
COM
PNC BANK CORPORATION 693475105 217 4,872 SH
X 4,072 800
COMMON
PNC BANK CORPORATION 693475105 134 3,000 SH
X X 3,000
COMMON
PPG INDUSTRIES INC 693506107 200 3,200 SH
X 3,200
COMMON
PEPSICO INC 713448108 72,515 2,057,172 SH
X 2,053,897 1,000 2,275
COMMON
PEPSICO INC 713448108 1,206 34,200 SH
X X 7,900 7,900 18,400
COMMON
PHARMACIA & UPJOHN INC 716941109 39 870 SH
X 725 145
COM
PHARMACIA & UPJOHN INC 716941109 812 18,035 SH
X X 200 17,835
COM
PFIZER INC 717081103 1,616 49,812 SH
X 47,330 2,482
COMMON
PFIZER INC 717081103 876 27,000 SH
X X 5,400 5,400 16,200
COMMON
PIEDMONT BANCORP, INC 720104108 1,380 124,000 SH
X 124,000
COMMON
PIEDMONT NATURAL GAS INC 720186105 216 7,179 SH
X 7,179
COMMON
PROCTER & GAMBLE COMMON 742718109 92,289 842,337 SH
X 842,029 308
----------
PAGE TOTAL 177,615
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 9
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
PROCTER & GAMBLE COMMON 742718109 1,262 11,520 SH
X X 2,100 1,100 8,320
PROVIDIAN FINL CORP 74406A102 346 3,800 SH
X 3,800
COM
PROVIDIAN FINL CORP 74406A102 173 1,900 SH
X X 1,900
COM
ROYAL DUTCH PETE CO 780257804 197 3,255 SH
X 3,255
NY REG SHS 1.25
ROYAL DUTCH PETE CO 780257804 218 3,600 SH
X X 3,600
NY REG SHS 1.25
SBC COMMUNICATIONS INC. 78387G103 18,492 379,328 SH
X 366,728 12,600
SBC COMMUNICATIONS INC. 78387G103 314 6,433 SH
X X 838 5,595
SCHERING-PLOUGH CORPORATION 806605101 118,289 2,791,490 SH
X 2,790,860 630
COMMON
SCHERING-PLOUGH CORPORATION 806605101 1,746 41,200 SH
X X 10,100 2,800 28,300
COMMON
SCHLUMBERGER 806857108 139 2,480 SH
X 2,480
COMMON
SCHLUMBERGER 806857108 202 3,600 SH
X X 3,600
COMMON
SONOCO PRODUCTS COMPANY, 835495102 272 11,943 SH
X 11,943
COMMON STOCK
SOUTH STREET FINANCIAL CORP 840468102 735 105,000 SH
X 105,000
COMMON
SOUTHERN BANCSHARES, 842243107 172 17,205 SH
X 17,205
SERIES B PFD
SPRINT CORP 852061100 1,374 20,405 SH
X 15,972 4,433
COMMON
SPRINT CORP 852061506 482 4,705 SH
X 3,269 1,436
PCS COM SER 1
SUN MICROSYSTEMS INC COM 866810104 207 2,674 SH
X 2,674
TJX COS INC NEW 872540109 45 2,200 SH
X 2,200
TJX COS INC NEW 872540109 164 8,000 SH
X X 8,000
TELLABS INC 879664100 125,482 1,954,915 SH
X 1,954,275 640
COM
TELLABS INC 879664100 1,733 27,000 SH
X X 5,700 500 20,800
COM
TEXACO, INC 881694103 16,097 296,367 SH
X 295,967 400
COMMON
TEXAS INSTRUMENTS 882508104 124,949 1,293,135 SH
X 1,293,135
COMMON
TEXAS INSTRUMENTS 882508104 928 9,600 SH
X X 800 8,800
COMMON
TRI CONTL CORP 895436103 253 9,078 SH
X 9,078
COM
TRIANGLE BANCORP INC COM 895835106 197 10,172 SH
X 10,172
U S WEST INC NEW 91273H101 239 3,321 SH
X 32 3,289
COM
----------
PAGE TOTAL 414,707
REPORT PTR289 3R FIRST-CITIZENS BANK & TRUST CO SECURITIES AND EXCHANGE
COMMISSION FORM 13-F 01/28/00 PAGE 10
AS OF
12/31/99
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - -
- COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET
DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/
SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL
(A) (B) (C) MANAGERS (A) (B) (C)
<S> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
UNITED TECHNOLOGIES CORP 913017109 559 8,600 SH
X 6,600 2,000
COMMON
UNITED TECHNOLOGIES CORP 913017109 728 11,200 SH
X X 11,200
COMMON
VANGUARD TAX-MANAGED CAPITAL 921943205 216 6,315 SH
X 6,315
APPRECIATION FUND
VANGUARD TAX-MANAGED CAPITAL 921943205 34 1,006 SH
X X 1,006
APPRECIATION FUND
VANGUARD / WINDSOR FD INC 922018106 518 34,144 SH
X 34,144
COM
VODAFONE GROUP PLC 92857T107 498 10,060 SH
X 5,025 5,035
SPONSORED ADR
VODAFONE GROUP PLC 92857T107 705 14,250 SH
X X 750 13,500
SPONSORED ADR
WACHOVIA CORP NEW 929771103 723 10,627 SH
X 10,627
COMMON
WACHOVIA CORP NEW 929771103 28 405 SH
X X 405
COMMON
WAL MART STORES, INC 931142103 31,499 455,680 SH
X 454,180 1,100 400
WAL MART STORES, INC 931142103 2,643 38,240 SH
X X 11,200 6,640 20,400
WALGREEN CO 931422109 767 26,208 SH
X 26,208
COMMON
WALGREEN CO 931422109 350 11,968 SH
X X 7,168 4,800
COMMON
WARNER LAMBERT CO COM 934488107 286 3,489 SH
X 3,489
WASHINGTON MUTUAL INVESTORS 939330106 359 12,144 SH
X 12,144
FUND COMMON
WASHINGTON MUTUAL INVESTORS 939330106 112 3,788 SH
X X 3,788
FUND COMMON
WINN DIXIE STORES INC. 974280109 105 4,368 SH
X 500 3,868
COMMON
WINN DIXIE STORES INC. 974280109 479 20,000 SH
X X 20,000
COMMON
WRIGLEY WM JR CO. 982526105 39,655 478,125 SH
X 477,750 375
COMMON
WRIGLEY WM JR CO. 982526105 481 5,800 SH
X X 300 5,500
COMMON
ASSOCIATED APARTMENTS INVESTORS/ 99980HMI6 235 0 SH
X
COLONY LIMITED PARTNERSHIP
----------
PAGE TOTAL 80,980
FINAL TOTALS 2,768,981
</TABLE>
