FIRST UNITED BANCSHARES INC /AR/
13F-HR, 1999-11-12
STATE COMMERCIAL BANKS
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                              UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: September 30, 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 United Bancshares, Inc.
Address: Main & Washington Streets

         El Dorado, AR  71730

13F File Number:  28-2721

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:      Cindy Alphin
Title:     Assistant Vice President
Phone:     870-863-3181

Signature, Place, and Date of Signing:

     Cindy Alphin     El Dorado, AR     November 11, 1999


Report Type (Check only one.):

[  ]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[ X]         13F COMBINATION REPORT.


List of Other Managers Reporting for this Manager:

       Form 13F File Number          Name

       28-5984                       First United Trust Co N. A.

I AM SIGNING THIS REPORT AS REQUIRED BY THE THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>

                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         1

Form13F Information Table Entry Total:     514

Form13F Information Table Value Total:     238373


List of Other Included Managers:

List of Other Managers Reporting for this Manager:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filled, other
than the manager filing this report.

No.  13F File Number               Name


01   28-5894                       First United Trust Co. N.A.
<PAGE>



<TABLE>                     <C>                 <C>
                                                     FORM 13F INFORMATION TABLE
                            TITLE
                            OF                               VALUE  SHARES/ SH/ PUT/ INVSTMT OTHER             VOTING AUTHORITY
NAME OF ISSUER              CLASS               CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
- ------------------------------------------------------------------------------------------------------------------------------------
3COM CORP                   COM                 885535104       25      875 SH       DEFINED 01                875        0        0
3COM CORP                   COM                 885535104        2      100 SH       SOLE    01                100        0        0
3COM CORP                   COM                 885535104        2      100 SH       SOLE                      100        0        0
ABBOTT LABS                 COM                 002824100      124     3400 SH       SOLE                     3400        0        0
ABBOTT LABS                 COM                 002824100      157     4288 SH       DEFINED                     0     4288        0
ABBOTT LABS                 COM                 002824100       44     1200 SH       DEFINED 01               1200        0        0
ABBOTT LABS                 COM                 002824100      647    17650 SH       SOLE    01              17150      300      200
ADAMS EXPRESS CO            COM                 006212104      290    10161 SH       SOLE                    10161        0        0
AETNA LIFE AND CASUALTY     COMPANY             008117103        9      200 SH       DEFINED 01                200        0        0
AIR PRODS & CHEMS INC       COM                 009158106       11      400 SH       DEFINED 01                400        0        0
ALLEGHENY ENERGY INC        COM                 017361106        6      200 SH       SOLE                      200        0        0
ALLEGHENY ENERGY INC        COM                 017361106       19      600 SH       DEFINED                   600        0        0
ALLIEDSIGNAL INC            COM                 019512102      239     4000 SH       SOLE    01               4000        0        0
ALLIEDSIGNAL INC            COM                 019512102       14      250 SH       SOLE                      250        0        0
ALLSTATE CORP                                   020002101       21      850 SH       SOLE                      733      117        0
ALLSTATE CORP               COM                 020002101       40     1626 SH       SOLE    01               1626        0        0
ALLSTATE CORP               COM                 020002101        4      200 SH       DEFINED 01                  0        0      200
ALLTEL CORP                 COM                 020039103       52      750 SH       SOLE                      450      200      100
ALLTEL CORP                 COM                 020039103      228     3250 SH       SOLE    01               3250        0        0
ALLTEL CORP                 COM                 020039103      803    11415 SH       DEFINED                 11415        0        0
AMEREN CORP                 COM                 023608102        7      206 SH       SOLE                      206        0        0
AMEREN CORP                 COM                 023608102       22      600 SH       SOLE    01                600        0        0
AMERICAN ELEC PWR INC       COM                 025537101        8      250 SH       DEFINED                   250        0        0
AMERICAN EXPRESS CO         COM                 025816109       13      100 SH       SOLE                      100        0        0
AMERICAN EXPRESS CO         COM                 025816109       40      300 SH       SOLE    01                300        0        0
AMERICAN HOME PRODS CORP    COM                 026609107       62     1515 SH       DEFINED 01               1515        0        0
AMERICAN HOME PRODS CORP    COM                 026609107       16      400 SH       SOLE                      400        0        0
AMERICAN HOMEPATIENT INC                        026649103       15    22450 SH       SOLE    01              22450        0        0
AMERICAN INTL GROUP INC     COM                 026874107        8      100 SH       SOLE    01                100        0        0
AMERICAN INTL PETROLEUM CORPCOM PAR $0.08N      026909408        3     5000 SH       SOLE    01               5000        0        0
AMERICAN WTR WKS INC        COM                 030411102        5      200 SH       SOLE    01                200        0        0
AMERITECH CORP NEW          COM                 030954101       26      400 SH       DEFINED 01                400        0        0
AMERITECH CORP NEW          COM                 030954101      290     4356 SH       SOLE                     4194      162        0
AMERITECH CORP NEW          COM                 030954101       77     1160 SH       SOLE    01               1160        0        0
ANHEUSER BUSCH COS INC      COM                 035229103      999    14260 SH       SOLE    01              14000        0      260
ANHEUSER BUSCH COS INC      COM                 035229103      700    10000 SH       SOLE                    10000        0        0
ANHEUSER BUSCH COS INC      COM                 035229103      126     1800 SH       DEFINED 01               1600        0      200
APPLE COMPUTER INC          COM                 037833100       69     1100 SH       DEFINED                     0     1100        0
AR PETROLEUM COMMON                             0409009A2        6       20 SH       DEFINED                     0        0       20
AR RIVER PETROL COMM                            0410399A8        3       36 SH       DEFINED                     0        0       36
AR SERVICE COMMON                               0410389A0        2       20 SH       DEFINED                     0        0       20
ARCH CHEMICALS INC COM                          03937R102        6      404 SH       SOLE                        0      404        0
ARCHER-DANIELS-MIDLAND COMPANY                  039483102        3      254 SH       SOLE    01                254        0        0
ARK BUTANE COMMON                               0247959A6        4       18 SH       DEFINED                     0        0       18
ASSOCIATES FIRST CAP CORP    CL A FROM FORD MTR 046008108       68     1900 SH       SOLE    01               1900        0        0
ASSOCIATES FIRST CAP CORP   CL A                046008108       50     1414 SH       SOLE                     1414        0        0
AT&T CORP                   COM                 001957109      936    21525 SH       SOLE    01              21425      100        0
AT&T CORP                   COM                 001957109      509    11706 SH       SOLE                    11456      250        0
AT&T CORP                   COM                 001957109        2       50 SH       DEFINED 01                 50        0        0
AT&T CORP                   COM                 001957109        6      150 SH       DEFINED                   150        0        0
ATLANTIC RICHFIELD CO       COM                 048825103       35      400 SH       SOLE    01                400        0        0
ATLANTIC RICHFIELD CO       COM                 048825103      209     2360 SH       SOLE                     2360        0        0
AUTOMATIC DATA PROCESSING INCOM                 053015103       35      800 SH       SOLE    01                800        0        0
AVON PRODUCTS INC           COM                 054303102       49     2000 SH       DEFINED                     0        0     2000
AVON PRODUCTS INC           COM                 054303102       17      700 SH       SOLE    01                700        0        0
B. F. GOODRICH                                  382388106       11      400 SH       DEFINED 01                400        0        0
BAKER HUGHES INC            COM                 057224107        3      135 SH       SOLE    01                135        0        0
BANK OF AMERICA CORP                            060505104       67     1204 SH       SOLE    01               1204        0        0
BANK OF AMERICA CORP                            060505104        7      132 SH       DEFINED 01                132        0        0
BANK OF AMERICA CORP                            060505104      622    11188 SH       SOLE                    11188        0        0
BANK OF AMERICA CORP                            060505104      134     2410 SH       DEFINED                  2410        0        0
BANK OF THE OZARKS, INC                         063904106      401    23800 SH       DEFINED                     0    23800        0
BANK ONE CORP               COM                 06423A103       84     2420 SH       SOLE    01               2420        0        0
BANK ONE CORP               FORMERLY BANC ONE   06423A103       51     1482 SH       DEFINED                     0     1482        0
BANKBOSTON CORP             COM                 06605R106        8      200 SH       SOLE                      200        0        0
BARCLAYS PFD 11.25%         BK PLC SP ADR UNIT C06738C505       52     2000 SH       SOLE    01               2000        0        0
BAXTER INTERNATIONAL INC                        071813109       72     1200 SH       SOLE    01               1200        0        0
BECKMAN COULTER INC COM                         075811109       13      300 SH       SOLE    01                300        0        0
BELL ATLANTIC CORP          COM                 077853109      504     7498 SH       SOLE    01               7498        0        0
BELL ATLANTIC CORP          COM                 077853109      158     2358 SH       SOLE                     1564      194      600
BELL ATLANTIC CORP          COM                 077853109       26      400 SH       DEFINED 01                400        0        0
BELLSOUTH CORP              COM                 079860102      279     6200 SH       SOLE                     5954      246        0
BELLSOUTH CORP              COM                 079860102      235     5240 SH       SOLE    01               5240        0        0
BELLSOUTH CORP              COM                 079860102        9      200 SH       DEFINED                   200        0        0
BELO A H CORP DEL           COM SER A           080555105        3      200 SH       SOLE    01                200        0        0
BERKSHIRE HATHAWAY INC COM                      084670108       55        1 SH       SOLE    01                  1        0        0
BESTFOODS                   COM                 08658U101       24      500 SH       SOLE    01                500        0        0
BETHLEHEM STL CORP          PFD CV $2.50        087509402       28     1100 SH       SOLE    01               1100        0        0
BOEING CO                   COM                 097023105      279     6560 SH       SOLE    01               6560        0        0
BOEING CO                   COM                 097023105       12      300 SH       DEFINED 01                300        0        0
BOEING CO                   COM                 097023105      172     4050 SH       SOLE                     4050        0        0
BOISE CASCADE CORP          COM                 097383103       18      500 SH       SOLE    01                500        0        0
BP AMOCO P L C              SPONSORED ADR       055622104       51      463 SH       DEFINED                   463        0        0
BP AMOCO P L C              SPONSORED ADR       055622104     2276    20544 SH       SOLE                    20544        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      475     7050 SH       SOLE    01               7050        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      189     2800 SH       DEFINED 01               2800        0        0
BRISTOL-MEYERS SQUIBB                           110122108     1157    17144 SH       SOLE                    10232     6912        0
BRISTOL-MEYERS SQUIBB                           110122108      375     5568 SH       DEFINED                  5568        0        0
BRUNOS INC                                      116881202        0        8 SH       SOLE                        8        0        0
BURLINGTON NORTHERN/SANTA FE CORP               12189T104       25      930 SH       SOLE    01                930        0        0
CABLE & WIRELESS HKT SPON   ADR                 126828102       48     2209 SH       DEFINED                     0     2209        0
CABLETRON SYS INC           COM                 126920107        3      200 SH       SOLE                      200        0        0
CADBURY SCHWEPPES PLC       ADR                 127209302       33     1200 SH       SOLE    01               1200        0        0
CADE INDUSTRIES INC                             127382109        3     1000 SH       SOLE                     1000        0        0
CALLAWAY GOLF CO            COM                 131193104        2      200 SH       SOLE    01                200        0        0
CAMPBELL SOUP CO            COM                 134429109       27      700 SH       SOLE    01                700        0        0
CAMPO ELECTRS APPLANCES&COMPCOM                 134624105        0     1000 SH       SOLE    01               1000        0        0
CAPITAL ONE FINL CORP       COM                 14040H105      187     4800 SH       SOLE    01               4800        0        0
CARDINAL HEALTH INC         COM                 14149Y108       16      298 SH       SOLE    01                298        0        0
CAREMARK RX INC             FORM:MEDPARTNERS    141705103        2      363 SH       SOLE    01                363        0        0
CAREMARK RX INC             FORM:MEDPARTNERS    141705103        6     1210 SH       DEFINED 01               1210        0        0
CAROLINA PWR & LT CO        COM                 144141108        7      200 SH       DEFINED                     0        0      200
CATERPILLAR INC DEL         COM                 149123101      230     4200 SH       SOLE                     4200        0        0
CATERPILLAR INC DEL         COM                 149123101       16      300 SH       SOLE    01                300        0        0
CELLSTAR CORP               COM                 150925105       16     2200 SH       SOLE                        0     2200        0
CENTRAL & SOUTH WEST CORP   COM                 152357109      225    10700 SH       SOLE    01              10700        0        0
CENTRAL & SOUTH WEST CORP   COM                 152357109        6      300 SH       DEFINED 01                300        0        0
CENTRAL & SOUTH WEST CORP   COM                 152357109       52     2500 SH       SOLE                     2500        0        0
CENTURYTEL INC              COM                 156700106      199     4902 SH       SOLE                        0     4902        0
CHAMPION INTL CORP          COM                 158525105       12      250 SH       SOLE    01                250        0        0
CHAMPION INTL CORP          COM                 158525105       11      225 SH       SOLE                      225        0        0
CHASE MANHATTAN BANK                            16161A108       75     1000 SH       SOLE    01               1000        0        0
CHEVRON CORPORATION         COM                 166751107       44      500 SH       DEFINED 01                500        0        0
CHEVRON CORPORATION         COM                 166751107      792     8933 SH       SOLE    01               8933        0        0
CHEVRON CORPORATION         COM                 166751107      377     4254 SH       SOLE                     4054        0      200
CIFRA S A DE C V            ADR                 171785207        0      558 SH       SOLE                      558        0        0
CISCO SYS INC               COM                 17275R102     1021    14900 SH       SOLE    01              14650      250        0
CISCO SYS INC               COM                 17275R102       34      500 SH       DEFINED 01                500        0        0
CISCO SYS INC               COM                 17275R102       13      200 SH       DEFINED                   200        0        0
CISCO SYS INC               COM                 17275R102      181     2650 SH       SOLE                     2650        0        0
CITIGROUP INC               COM                 172967101      445    10125 SH       DEFINED 01              10125        0        0
CITIGROUP INC               COM                 172967101      211     4800 SH       SOLE                     4800        0        0
CITIGROUP INC               COM                 172967101      119     2725 SH       SOLE    01               2725        0        0
CLECO CORP NEW                                  12561W105        6      200 SH       DEFINED                   200        0        0
CLECO CORP NEW                                  12561W105       19      600 SH       SOLE    01                600        0        0
COCA COLA CO                COM                 191216100      244     5074 SH       SOLE                     4074        0     1000
COCA COLA CO                COM                 191216100      294     6100 SH       DEFINED 01               6050        0       50
COCA COLA CO                COM                 191216100     1746    36205 SH       SOLE    01              35030     1000      175
COCA COLA ENTERPRISES INC   COM                 191219104       54     2400 SH       SOLE    01               2400        0        0
COLGATE PALMOLIVE CO        COM                 194162103       27      600 SH       SOLE    01                600        0        0
COLGATE PALMOLIVE CO        COM                 194162103        9      200 SH       DEFINED 01                200        0        0
COLGATE PALMOLIVE CO        COM                 194162103      388     8500 SH       SOLE                     8500        0        0
COLUMBIA GAS SYSTEM, INC                        197648108        0       16 SH       SOLE                       16        0        0
COLUMBIA/HCA HEALTHCARE CORPCOM                 197677107       26     1250 SH       DEFINED                     0     1250        0
COMPAQ COMPUTER CORP        COM                 204493100      241    10550 SH       SOLE    01              10550        0        0
COMPAQ COMPUTER CORP        COM                 204493100       62     2750 SH       SOLE                     2750        0        0
COMPUTER ASSOC INTL INC     COM                 204912109       48      800 SH       SOLE    01                800        0        0
COMPUTER SCIENCES CORP                          205363104        6       99 SH       DEFINED 01                 99        0        0
CONAGRA CAP L C             PFD SER A 9%        20588V208       49     2000 SH       SOLE    01               2000        0        0
CONAGRA INC                 COM                 205887102       24     1100 SH       SOLE                     1100        0        0
CONAGRA INC                 COM                 205887102        4      200 SH       DEFINED                   200        0        0
CONAGRA INC                 COM                 205887102       18      800 SH       SOLE    01                800        0        0
CONECTIV INC                COM                 206829103       13      675 SH       SOLE                      675        0        0
CONOCO INC                  CL A                208251306        2      100 SH       SOLE                      100        0        0
CONSECO INC                 COM                 208464107       10      560 SH       DEFINED 01                560        0        0
CONSOLIDATED EDISON INC COM                     209115104       42     1028 SH       SOLE                      400        0      628
CONSTELLATION ENERGY CORP                       210371100       11      400 SH       DEFINED                   400        0        0
COOPER TIRE & RUBR CO       COM                 216831107        1      100 SH       DEFINED 01                100        0        0
CORNING INC                 COM                 219350105       41      600 SH       SOLE    01                600        0        0
CROWN CORK & SEAL INC       COM                 228255105        8      350 SH       SOLE                      350        0        0
CSX CORP                    COM                 126408103       25      600 SH       SOLE                      600        0        0
DAYTON HUDSON CORP          COM                 239753106       12      200 SH       SOLE    01                200        0        0
DELL COMPUTER CORP          COM                 247025109       33      800 SH       DEFINED                     0        0      800
DELL COMPUTER CORP          COM                 247025109      426    10210 SH       SOLE    01              10210        0        0
DELL COMPUTER CORP          COM                 247025109       54     1300 SH       SOLE                     1300        0        0
DELL COMPUTER CORP          COM                 247025109       29      700 SH       DEFINED 01                700        0        0
DELPHI AUTOMOTIVE SYS       COM                 247126105       24     1535 SH       SOLE    01               1535        0        0
DELPHI AUTOMOTIVE SYS       COM                 247126105        8      539 SH       SOLE                      493       46        0
DELTIC TIMBER CORP                              247850100       29     1300 SH       SOLE    01               1300        0        0
DELTIC TIMBER CORP                              247850100       11      500 SH       DEFINED 01                500        0        0
DELTIC TIMBER INC                               247850100      450    19788 SH       SOLE                    19788        0        0
DELTIC TIMBER INC                               247850100    14692   645814 SH       DEFINED                     0   645386      428
DEVON ENERGY CORPORATION NEW                    25179M103        0       13 SH       SOLE                       13        0        0
DEVRY INC DEL               COM                 251893103       56     2839 SH       SOLE                     2839        0        0
DIAMOND OFFSHORE DRILLING   INC                 25271C102        1       50 SH       SOLE                       50        0        0
DILLARD DEPT STORES INC     CL A                254067101        2      102 SH       SOLE                      102        0        0
DISNEY WALT COMPANY         COM                 254687106        5      200 SH       DEFINED                   200        0        0
DOMINION RES INC VA         COM                 257470104        4       99 SH       DEFINED                     0        0       99
DOMINION RES INC VA         COM                 257470104       53     1180 SH       SOLE                        0        0     1180
DPL INC                     COM                 233293109       42     2385 SH       SOLE                      900        0     1485
DPL INC                     COM                 233293109        5      300 SH       DEFINED                   300        0        0
DU PONT E I DE NEMOURS & CO COM                 263534109       56      932 SH       SOLE                      932        0        0
DUKE ENERGY CORP            COM                 264399106       53      970 SH       SOLE                        0        0      970
DUKE ENERGY CORP            COM                 264399106        5      100 SH       DEFINED                   100        0        0
DURAMED PHARMACEUTICALS                         266354109        2      300 SH       SOLE                      300        0        0
DYNEX CAP INC               COM NEW             26817Q506        0      106 SH       DEFINED                   106        0        0
E M C CORP MASS             COM                 268648102       14      200 SH       DEFINED 01                200        0        0
E M C CORP MASS             COM                 268648102       28      400 SH       SOLE    01                400        0        0
EARTHGRAINS COMPANY         COM                 270319106      154     7000 SH       SOLE                     7000        0        0
EASTMAN CHEMICAL COMPANY                        277432100        1       50 SH       SOLE    01                 50        0        0
EASTMAN KODAK CO            COM                 277461109       53      710 SH       SOLE    01                710        0        0
EATON CORP                  COM                 278058102      103     1200 SH       SOLE    01               1200        0        0
EATON CORP                  COM                 278058102       56      650 SH       SOLE                      650        0        0
EATON CORP                  COM                 278058102        8      100 SH       DEFINED                   100        0        0
EEX CORP                    COM NEW             26842V207        0       66 SH       SOLE                       66        0        0
ELAN PLC                    ADR                 284131208        6      200 SH       SOLE                      200        0        0
EMERSON ELEC CO             COM                 291011104       94     1500 SH       SOLE                     1500        0        0
EMERSON ELEC CO             COM                 291011104       31      500 SH       SOLE    01                500        0        0
ENCORE WIRE CORP            COM                 292562105      170    18774 SH       SOLE    01              18774        0        0
ENGELHARD CORP              COM                 292845104        4      253 SH       DEFINED                     0      253        0
ENTERGY 65 SERIES PRD 4.56%                     29364D407        1       18 SH       SOLE                       18        0        0
ENTERGY ARK INC PFD $6.08                       29364D605        5       60 SH       SOLE                       60        0        0
ENTERGY ARK INC PFD $7.32                       29364D704       21      229 SH       SOLE                      229        0        0
ENTERGY ARK INC PFD $7.40                       29364D829        8       90 SH       SOLE                       90        0        0
ENTERGY ARK INC PFD $7.80                       29364D803       10      100 SH       SOLE                      100        0        0
ENTERGY ARK INC PFD $7.88                       29364D852       15      145 SH       SOLE                      145        0        0
ENTERGY CORP NEW            COM                 29364G103       62     2145 SH       SOLE                     2145        0        0
ENTERGY CORP NEW            COM                 29364G103       99     3453 SH       SOLE    01               3453        0        0
ENTERGY CORP NEW            COM                 29364G103       17      593 SH       DEFINED 01                593        0        0
ETHAN ALLEN INTERIORS                           297602104        7      225 SH       DEFINED                   225        0        0
EXXON CORP                  COM                 302290101      618     8140 SH       DEFINED                  3740     4400        0
EXXON CORP                  COM                 302290101     2773    36490 SH       SOLE                    34986     1104      400
EXXON CORP                  COM                 302290101     1412    18590 SH       SOLE    01              18590        0        0
EXXON CORP                  COM                 302290101      193     2550 SH       DEFINED 01               2550        0        0
FDX CORP                    COM                 31304N107        7      200 SH       SOLE    01                200        0        0
FEDERAL NATL MTG ASSN       COM                 313586109       18      300 SH       SOLE    01                300        0        0
FEDERAL REALTY INVT TR      SH BEN INT NEW      313747206       14      685 SH       SOLE                        0        0      685
FEDERATED HIGH YIELD TR     SH BEN INT          314197104      601    72238 SH       SOLE    01              72238        0        0
FEDERATED STK TR            SH BEN INT          31390010R       31      860 SH       SOLE    01                860        0        0
FIRST AMERICAN CORP TENN    STK MER DEP GUARANTY318900107       10      234 SH       DEFINED                   234        0        0
FIRST LAND & TIMBER 2.5     DUE 12/31/99        32070010B       52        1 SH       SOLE                        1        0        0
FIRST LAND & TIMBER 2.5     DUE 12/31/99        32070010A       29        1 SH       SOLE                        1        0        0
FIRST LAND & TIMBER 2.5     DUE 12/31/99        32070010C       13        1 SH       SOLE                        1        0        0
FIRST LAND & TIMBER 2.5     DUE 12/31/99        32070010D        0        1 SH       SOLE                        1        0        0
FIRST NAT'L ENTERTAINMENT   CORP                320940109        0      388 SH       DEFINED                   388        0        0
FIRST TENN NATL CORP        COM                 337162101        5      200 SH       SOLE                      200        0        0
FIRST UN CORP               COM                 337358105        4      118 SH       DEFINED 01                118        0        0
FIRST UN CORP               COM                 337358105       62     1760 SH       SOLE    01               1760        0        0
FIRST UNITED BANCSHARES INC                     33741E104       63     3600 SH       DEFINED 01               3600        0        0
FIRST UNITED BANCSHARES INC                     33741E104      474    26721 SH       SOLE    01              23971     2400      350
FIRST UTD BANCSHARES INC ARKCOM                 33741E104     2599   146476 SH       DEFINED                138760     2304     5412
FIRST UTD BANCSHARES INC ARKCOM                 33741E104    12831   722915 SH       SOLE                   153656   120954   448305
FLEET BOSTON CORP COM                           33901A108       25      700 SH       SOLE    01                700        0        0
FLORIDA PROGRESS CORP       COM                 341109106       11      250 SH       SOLE    01                250        0        0
FLUOR CORP                  COM                 343861100       15      396 SH       SOLE                      396        0        0
FORD MTR CO CAP TR I        TOPRS 9%            345343206       26     1000 SH       SOLE    01               1000        0        0
FORD MTR CO DEL                                 345370100      177     3526 SH       SOLE                     3526        0        0
FORD MTR CO DEL                                 345370100       33      660 SH       DEFINED                   100        0      560
FORD MTR CO DEL             COM                 345370100       75     1500 SH       SOLE    01               1500        0        0
FPL GROUP INC               COM                 302571104       10      200 SH       SOLE    01                200        0        0
FPL GROUP INC               COM                 302571104       22      450 SH       SOLE                      450        0        0
FRANKLIN FED TAX FREE INCOMECL A                353519101       12     1058          SOLE    01               1058        0        0
GAP INC DEL                 COM                 364760108       48     1500 SH       SOLE    01               1500        0        0
GATEWAY INC                 COM                 367626108       17      400 SH       SOLE                      400        0        0
GENERAL ELEC CO             COM                 369604103     1725    14550 SH       SOLE    01              14550        0        0
GENERAL ELEC CO             COM                 369604103      752     6350 SH       SOLE                     6350        0        0
GENERAL ELEC CO             COM                 369604103      165     1400 SH       DEFINED 01               1400        0        0
GENERAL MLS INC             COM                 370334104        0       10 SH       DEFINED                     0        0       10
GENERAL MLS INC             COM                 370334104       29      360 SH       SOLE                      360        0        0
GENERAL MTRS CORP           COM                 370442105      103     1650 SH       SOLE    01               1650        0        0
GENERAL MTRS CORP           COM                 370442105       44      700 SH       SOLE                      634       66        0
GENOME THERAPEUTICS CORP    COM                 372430108        4     1000 SH       SOLE    01               1000        0        0
GENUS INC                   COM                 372461103        3     1500 SH       DEFINED 01               1500        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108       36      900 SH       SOLE    01                900        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108      199     4942 SH       SOLE                     4942        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702       42     1860 SH       SOLE                     1860        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702       10      450 SH       SOLE    01                450        0        0
GERON CORP                  COM                 374163103        3      300 SH       SOLE                      300        0        0
GILLETTE CO                 COM                 375766102      157     4656 SH       SOLE                     4656        0        0
GILLETTE CO                 COM                 375766102       72     2135 SH       DEFINED                   150     1985        0
GILLETTE CO                 COM                 375766102       13      400 SH       DEFINED 01                400        0        0
GILLETTE CO                 COM                 375766102      209     6180 SH       SOLE    01               5980        0      200
GLAXO WELLCOME PLC          SPONSORED ADR       37733W105       15      300 SH       SOLE    01                300        0        0
GLOBAL INDL TECHNOLOGIES INCCOM                 379335102        1      160 SH       SOLE                      160        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101       25      526 SH       SOLE    01                526        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101        4       92 SH       SOLE                       92        0        0
GPU INC                                         36225X100       13      400 SH       SOLE    01                400        0        0
GREAT LAKES CHEM CORP       COM                 390568103       45     1185 SH       DEFINED                     0     1185        0
GTE CORP                    COM                 362320103      107     1400 SH       DEFINED 01               1400        0        0
GTE CORP                    COM                 362320103      315     4100 SH       SOLE                     3100        0     1000
GTE CORP                    COM                 362320103      773    10060 SH       SOLE    01              10060        0        0
GUARANTY BANCSHARES INC TEX COM                 400764106        1      200 SH       SOLE    01                  0        0      200
GUIDANT CORP                COM                 401698105      280     5236 SH       SOLE    01               5236        0        0
HALLIBURTON CO              COM                 406216101       24      600 SH       DEFINED                   600        0        0
HALLIBURTON CO              COM                 406216101        2       50 SH       SOLE                       50        0        0
HALLIBURTON CO              COM                 406216101       38      950 SH       SOLE    01                950        0        0
HARRIS CORP DEL             COM                 413875105       10      375 SH       SOLE                      375        0        0
HATTERAS INCOME SECS INC    COM                 419025101        2      200 SH       SOLE    01                200        0        0
HEWLETT PACKARD CO          COM                 428236103       18      200 SH       DEFINED 01                200        0        0
HEWLETT PACKARD CO          COM                 428236103      122     1350 SH       SOLE                     1350        0        0
HEWLETT PACKARD CO          COM                 428236103      229     2525 SH       SOLE    01               2425        0      100
HIBERNIA CORP                                   428656102       10      900 SH       DEFINED 01                900        0        0
HIBERNIA CORP                                   428656102     4561   392536 SH       SOLE    01             392536        0        0
HOME DEPOT INC              COM                 437076102      351     5125 SH       SOLE    01               2425     2700        0
HOME DEPOT INC              COM                 437076102        6      100 SH       DEFINED 01                100        0        0
HOME DEPOT INC              COM                 437076102      121     1775 SH       SOLE                      275        0     1500
HOPEWELL HLDGS LTD          SPONSORED ADR       439555301       10    14600 SH       DEFINED                     0    14600        0
HUBBELL INC                 CL B                443510201       31     1000 SH       SOLE    01               1000        0        0
ICN PHARMACEUTICALS INC NEW COM                 448924100        3      200 SH       SOLE    01                200        0        0
INGERSOLL-RAND COMPANY      COM                 456866102        5      100 SH       DEFINED                   100        0        0
INGERSOLL-RAND COMPANY      COM                 456866102       87     1600 SH       SOLE                     1150      450        0
INTEL CORP                  COM                 458140100      178     2400 SH       DEFINED 01               2400        0        0
INTEL CORP                  COM                 458140100      575     7750 SH       SOLE                     6950        0      800
INTEL CORP                  COM                 458140100      854    11500 SH       SOLE    01              11400      100        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101      255     2112 SH       DEFINED                     0     2112        0
INTERNATIONAL BUSINESS MACHS                    459200101     1524    12600 SH       SOLE    01              12500      100        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101      960     7940 SH       SOLE                     7840      100        0
INTERNATIONAL FLAVORS AND FRAGRANCES            459506101       12      350 SH       SOLE                      350        0        0
INTERNATIONAL PAPER CO      COM                 460146103      180     3750 SH       SOLE                     3750        0        0
INTERNATIONAL PAPER CO      COM                 460146103       12      250 SH       SOLE    01                250        0        0
INTERNATIONAL PAPER CO      COM                 460146103        9      200 SH       DEFINED 01                200        0        0
INTERNATIONAL PAPER CO      COM                 460146103       51     1081 SH       DEFINED                   150      931        0
INTERSTATE ENERGY CORP      WISC COM            018802108        2      100 SH       SOLE    01                100        0        0
IOMEGA CORP                 COM                 462030107       33    10000 SH       DEFINED                 10000        0        0
IPALCO ENTERPRISES INC      COM                 462613100       11      600 SH       SOLE                      600        0        0
IRWIN FINL CORP             COM                 464119106       36     1800 SH       SOLE    01               1800        0        0
JEFFERSON PILOT CORPORATION                     475070108       18      300 SH       DEFINED 01                300        0        0
JOHNS MANVILLE CORP                             478129109        3      292 SH       SOLE                        0      292        0
JOHNSON & JOHNSON           COM                 478160104      174     1900 SH       DEFINED 01               1700        0      200
JOHNSON & JOHNSON           COM                 478160104      192     2100 SH       SOLE    01               2100        0        0
JOHNSON & JOHNSON           COM                 478160104      647     7050 SH       SOLE                     7050        0        0
JOHNSON & JOHNSON           COM                 478160104       90      980 SH       DEFINED                   100      480      400
KANSAS CITY PWR & LT CO     COM                 485134100       24     1000 SH       SOLE                        0        0     1000
KERR-MCGEE CORPORATION INC                      492386107        1       32 SH       SOLE                       32        0        0
KIMBERLY CLARK CORP         COM                 494368103       84     1600 SH       SOLE                     1600        0        0
KIMBERLY CLARK CORP         COM                 494368103       10      200 SH       SOLE    01                200        0        0
KROGER CO                   COM                 501044101       16      750 SH       SOLE                      500      250        0
LACLEDE GAS CO              COM                 505588103        6      300 SH       SOLE                      300        0        0
LACLEDE GAS CO              COM                 505588103       20      900 SH       DEFINED                   900        0        0
LEUCADIA NATL CORP          COM                 527288104      106     5085 SH       DEFINED                     0     5085        0
LG&E ENERGY CORP            COM                 501917108       35     1670 SH       SOLE    01                  0     1670        0
LIFEPOINT HOSPITALS INC     COM                 53219L109        0       65 SH       DEFINED                     0       65        0
LILLY ELI & CO              COM                 532457108       44      700 SH       DEFINED 01                700        0        0
LILLY ELI & CO              COM                 532457108      321     5008 SH       SOLE    01               5008        0        0
LILLY ELI & CO              COM                 532457108       96     1500 SH       SOLE                     1500        0        0
LOUISIANA PAC CORP          COM                 546347105       15     1016 SH       SOLE                     1016        0        0
LTV CORP                    *W EXP 06/28/1998   501921126        0        1 SH       SOLE    01                  1        0        0
LTV CORP 1.25 SERIES                            502210800        0       14 SH       SOLE    01                 14        0        0
LUCENT TECHNOLOGIES INC     COM                 549463107     1004    15484 SH       SOLE                    15262      222        0
LUCENT TECHNOLOGIES INC     COM                 549463107      107     1650 SH       DEFINED 01               1650        0        0
LUCENT TECHNOLOGIES INC     COM                 549463107     1544    23804 SH       SOLE    01              23704      100        0
MALLINCKRODT INC NEW        COM                 561232109        0       30 SH       SOLE                       30        0        0
MCDONALDS CORP              COM                 580135101       99     2300 SH       SOLE                     2300        0        0
MCDONALDS CORP              COM                 580135101       25      600 SH       DEFINED 01                600        0        0
MCDONALDS CORP              COM                 580135101       17      400 SH       SOLE    01                400        0        0
MCI WORLDCOM INC            COM                 55268B106       21      300 SH       DEFINED 01                200        0      100
MCI WORLDCOM INC            COM                 55268B106       62      875 SH       SOLE    01                875        0        0
MCI WORLDCOM INC            COM                 55268B106        7      100 SH       SOLE                      100        0        0
MCKESSON HBOC INC           COM                 58155Q103        5      200 SH       SOLE                      200        0        0
MEDIAONE GROUP INC          COM                 58440J104       11      164 SH       SOLE                      109       55        0
MEDTRONIC INC               COM                 585055106       35     1000 SH       SOLE    01               1000        0        0
MELLON BK CORP              COM                 585509102       26      800 SH       SOLE    01                800        0        0
MERCK & CO INC              COM                 589331107      443     6850 SH       SOLE                     6850        0        0
MERCK & CO INC              COM                 589331107     1717    26500 SH       SOLE    01              26050      250      200
MERCK & CO INC              COM                 589331107      132     2050 SH       DEFINED 01               1650        0      400
MERITOR AUTOMOTIVE INC      COM                 59000G100        3      166 SH       SOLE    01                166        0        0
MERLIN MORRIS FARMS INC.                        546001991        2     2679 SH       SOLE                     2679        0        0
MERRILL LYNCH CORP BD FD INCHI INCOME CL A      590907101       16     2536 SH       SOLE                     2536        0        0
MESA OFFSHORE TR            UNIT BEN INT        590650107        0     2000 SH       SOLE    01               2000        0        0
MFS INTER INCOME TR         SH BEN INT          55273C107       19     3100 SH       SOLE    01               3100        0        0
MGIC INVT CORP WIS          COM                 552848103       23      500 SH       SOLE                      500        0        0
MICROSOFT CORP              COM                 594918104      575     6350 SH       SOLE                     6350        0        0
MICROSOFT CORPORATION                           594918104       36      400 SH       DEFINED 01                400        0        0
MICROSOFT CORPORATION                           594918104      828     9150 SH       SOLE    01               9050      100        0
MINNESOTA MNG & MFG CO      COM                 604059105       67      700 SH       SOLE    01                700        0        0
MISSISSIPPI CHEMICAL                            598001998        0        2 SH       SOLE                        2        0        0
MOBIL CORP                  COM                 607059102      561     5576 SH       SOLE                     5376        0      200
MOBIL CORP                  COM                 607059102      685     6800 SH       SOLE    01               6800        0        0
MOBIL CORP                  COM                 607059102       40      400 SH       DEFINED 01                400        0        0
MONSANTO CO                 COM                 611662107        7      200 SH       SOLE    01                200        0        0
MONSANTO COMPANY COM                            611662107       17      500 SH       DEFINED                     0      500        0
MONSANTO COMPANY COM                            611662107      854    23940 SH       SOLE                    19174     4766        0
MORGAN STANLEY DEAN WITTER & CO                 617446448       27      306 SH       SOLE    01                306        0        0
MORRISON MGMT SPECIALIST    INC                 618459101        2      105 SH       DEFINED 01                105        0        0
MOTOROLA INC                                    620076109       14      160 SH       DEFINED                   160        0        0
MOTOROLA INC                                    620076109      123     1400 SH       SOLE                     1400        0        0
MOTOROLA INCORPORATED    COM                    620076109       35      400 SH       SOLE    01                400        0        0
MOTOROLA INCORPORATED    COM                    620076109        8      100 SH       DEFINED 01                100        0        0
MURPHY OIL CORP             COM                 626717102     4334    80181 SH       SOLE                    80181        0        0
MURPHY OIL CORP             COM                 626717102   130460  2413253 SH       DEFINED                     0  2413253        0
NCR CORP NEW                COM                 62886E108        0       13 SH       SOLE                       13        0        0
NEWMONT MINING CORP         COM                 651639106        4      193 SH       SOLE    01                193        0        0
NICOR INC                   COM                 654086107       29      800 SH       SOLE                      800        0        0
NIKE INC                    CL B                654106103       51      900 SH       SOLE    01                700        0      200
NIKE INC CL B               CL B                654106103        5      100 SH       SOLE                      100        0        0
NOBLE AFFILIATES INC        COM                 654894104       62     2160 SH       SOLE    01               2160        0        0
NOBLE DRILLING CORP         COM                 655042109       17      792 SH       SOLE    01                792        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104      167     2000 SH       DEFINED 01               2000        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104       74      890 SH       SOLE    01                890        0        0
OCCIDENTAL PETE CORP DEL    COM                 674599105       30     1303 SH       SOLE    01                803      500        0
OGE ENERGY CORP             COM                 670837103        4      200 SH       SOLE    01                200        0        0
OKLAHOMA GAS & ELEC CO      COM                 670837103       15      700 SH       DEFINED                   700        0        0
OKLAHOMA GAS & ELEC CO      COM                 670837103       70     3156 SH       SOLE                      300        0     2856
OLIN CORP                   COM PAR $1          680665205       11      808 SH       SOLE                        0      808        0
ORACLE CORP                 COM                 68389X105       22      500 SH       DEFINED 01                500        0        0
ORACLE CORP                 COM                 68389X105      222     4885 SH       SOLE    01               4885        0        0
ORACLE CORP                 COM                 68389X105       27      600 SH       SOLE                      600        0        0
PENNEY J C INC              COM                 708160106       33      970 SH       SOLE                      970        0        0
PENNZOIL QUAKER ST CO                           709323109        0       31 SH       SOLE                       31        0        0
PEOPLES ENERGY CORP         COM                 711030106        7      200 SH       SOLE                      200        0        0
PEOPLES ENERGY CORP         COM                 711030106       17      500 SH       DEFINED                   500        0        0
PEPSICO INC                 COM                 713448108      399    13100 SH       SOLE    01              11900     1200        0
PEPSICO INC                 COM                 713448108      158     5200 SH       SOLE                     5067      133        0
PEPSICO INC                 COM                 713448108       48     1600 SH       DEFINED 01               1600        0        0
PEPSICO INC                 COM                 713448108       33     1100 SH       DEFINED                     0     1100        0
PFIZER INC                  COM                 717081103      326     9100 SH       SOLE    01               9100        0        0
PFIZER INC                  COM                 717081103      179     5000 SH       SOLE                     5000        0        0
PG&E CORP                   COM                 69331C108        6      250 SH       DEFINED                   250        0        0
PHELPS DODGE CORP           COM                 717265102        1       20 SH       SOLE                       20        0        0
PHILIP MORRIS COS           COM                 718154107       10      300 SH       SOLE                      300        0        0
PHILLIPS PETROLEUM CO COM                       718507106        4      100 SH       SOLE    01                100        0        0
PITNEY BOWES INC            COM                 724479100        2       36 SH       SOLE    01                 36        0        0
POTLATCH CORP               COM                 737628107        6      150 SH       SOLE    01                150        0        0
POTOMAC ELEC PWR CO         COM                 737679100        5      200 SH       SOLE    01                200        0        0
PRAIRIE FARMERS ASSOC.      RESERVES (BE)       711000992        1     1769 SH       SOLE                     1769        0        0
PRAIRIE FARMERS ASSOCIATION NUMBER 00888        722000999        0        1 SH       SOLE                        1        0        0
PRAXAIR INC                 COM                 74005P104       13      300 SH       DEFINED 01                300        0        0
PRIMEX TECHNOLOGIES INC     COM                 741597108       15      760 SH       SOLE                        0      760        0
PROCTER & GAMBLE CO         COM                 742718109      403     4300 SH       SOLE    01               4300        0        0
PROCTER & GAMBLE CO         COM                 742718109      281     3000 SH       DEFINED 01               3000        0        0
PROCTER & GAMBLE CO         COM                 742718109      215     2300 SH       SOLE                     2300        0        0
RALCORP HLDGS INC NEW       COM                 751028101        1       66 SH       DEFINED                     0        0       66
RALSTON PURINA CO           COM RAL-PUR GP      751277302       16      609 SH       DEFINED                     0        0      609
RAYTHEON CO                 CL B                755111408        9      200 SH       SOLE                      200        0        0
REGIONS FINANCIAL                               758940100       53     1786 SH       DEFINED                     0     1786        0
REGIONS FINANCIAL                               758940100       22      764 SH       SOLE                      764        0        0
REGIONS FINL CORP           COM                 758940100      407    13599 SH       SOLE    01              13599        0        0
RELIANT ENERGY INC          COM                 75952J108       22      824 SH       DEFINED 01                824        0        0
RELIANT ENERGY INC          COM                 75952J108       46     1700 SH       SOLE    01                500     1200        0
RELIANT ENERGY INC          COM                 75952J108       58     2173 SH       SOLE                     2173        0        0
RELIANT ENERGY INC          COM                 75952J108      120     4461 SH       DEFINED                  4123      338        0
REPUBLIC N Y CORP           COM                 760719104       30      500 SH       SOLE    01                500        0        0
RHONE POULENC S A           SPON ADR A          762426609       15      300 SH       SOLE    01                300        0        0
ROHM & HAAS CO              COM                 775371107        7      200 SH       SOLE    01                200        0        0
ROUSE COMPANY               COM                 779273101        2      100 SH       SOLE    01                100        0        0
ROYAL DUTCH PETE CO         NY REG GLD1.25      780257804       70     1200 SH       SOLE    01               1200        0        0
RUBY TUESDAY INC                                781182100       12      630 SH       DEFINED 01                630        0        0
SALOMON BROTHERS FD INC     COM                 795477108        9      500 SH       SOLE                      500        0        0
SARA LEE CORP               COM                 803111103       18      800 SH       SOLE    01                800        0        0
SBC COMMUNICATIONS INC      COM                 78387G103      941    18447 SH       SOLE                    18203      244        0
SBC COMMUNICATIONS INC      COM                 78387G103       10      200 SH       DEFINED                   200        0        0
SBC COMMUNICATIONS INC      COM                 78387G103      214     4200 SH       SOLE    01               4200        0        0
SCANA CORP                  COM                 805898103       48     2000 SH       SOLE                        0        0     2000
SCHERING PLOUGH CORP        COM                 806605101       95     2200 SH       SOLE                     2200        0        0
SCHERING PLOUGH CORP        COM                 806605101     1025    23500 SH       DEFINED                   100    23400        0
SCHERING PLOUGH CORP        COM                 806605101       87     2000 SH       SOLE    01               2000        0        0
SCHERING PLOUGH CORP        COM                 806605101      104     2400 SH       DEFINED 01               2400        0        0
SCHLUMBERGER LTD            COM                 806857108      105     1700 SH       SOLE    01               1700        0        0
SCHLUMBERGER LTD            COM                 806857108      146     2350 SH       SOLE                     2350        0        0
SCUDDER GLOBAL DISCOVERY FD                     378947501       13      510 SH       SOLE    01                510        0        0
SEAGATE TECHNOLOGY          COM                 811804103       30     1000 SH       SOLE    01               1000        0        0
SEARS ROEBUCK & CO          COM                 812387108       50     1619 SH       SOLE    01               1619        0        0
SEMPRA ENERGY               COM                 816851109       16      800 SH       SOLE                      800        0        0
SEMPRA ENERGY AKA ENOVA CORP                    816851109        4      200 SH       SOLE    01                200        0        0
SERVICE EXPERTS INC         COM                 817567100       10     1000 SH       SOLE                     1000        0        0
SERVICEMASTER CO                                81760N109       24     1500 SH       SOLE    01               1500        0        0
SGI INTERNATIONAL INC                           784185209        0     2500 SH       SOLE                        0        0     2500
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200       72     2423 SH       SOLE                     2423        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200        4      162 SH       DEFINED 01                162        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200      363    12211 SH       SOLE    01              12211        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200       89     3000 SH       DEFINED                  3000        0        0
SOLUTIA INC                 COM                 834376105        1      100 SH       DEFINED                     0      100        0
SOLUTIA INC                 COM                 834376105       91     5148 SH       SOLE                     3994     1154        0
SONAT INC                   COM                 835415100        7      200 SH       DEFINED                     0      200        0
SONIC CORP                  COM                 835451105      156     5150 SH       DEFINED                  5150        0        0
SONY CORP                                       835699307       75      500 SH       DEFINED                     0      500        0
SOUTHERN CO                 COM                 842587107       12      500 SH       SOLE    01                500        0        0
SOUTHERN CO                 COM                 842587107      110     4300 SH       DEFINED                  4300        0        0
SOUTHERN CO                 COM                 842587107       28     1100 SH       SOLE                      500        0      600
SPACELABS MED INC           COM                 846247104        1       72 SH       SOLE                        0       72        0
SPEEDYWAY MOTORSPORTS INC                       847788106        4      100 SH       SOLE    01                100        0        0
STAFFMARK INC               COM                 852389105        7     1000 SH       DEFINED                  1000        0        0
SUN MICROSYSTEMS INC        COM                 866810104       24      260 SH       SOLE    01                260        0        0
SUNOCO INC                  COM                 86764P109       19      700 SH       SOLE    01                700        0        0
SUNOCO INC                  COM                 86764P109       44     1628 SH       SOLE                     1628        0        0
SYSCO CORP                  COM                 871829107        3      100 SH       SOLE                      100        0        0
TECO ENERGY INC             COM                 872375100       16      800 SH       DEFINED                   800        0        0
TECO ENERGY INC             COM                 872375100        6      300 SH       SOLE                      300        0        0
TELLABS INC                 COM                 879664100       56     1000 SH       SOLE    01               1000        0        0
TEMPLE INLAND INC           COM                 879868107       24      400 SH       SOLE    01                400        0        0
TENNECO INC NEW             COM                 88037E101       13      800 SH       SOLE                      800        0        0
TENNECO INC NEW             COM                 88037E101        3      200 SH       DEFINED                   200        0        0
TEXACO INC                  COM                 881694103       31      500 SH       SOLE                      500        0        0
TEXACO INC                  COM                 881694103       97     1547 SH       SOLE    01               1547        0        0
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      268    12625 SH       SOLE    01              11800      700      125
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      242    11400 SH       DEFINED 01              11400        0        0
TEXAS INSTRS INC            COM                 882508104       32      400 SH       SOLE                      400        0        0
TEXAS INSTRS INC            COM                 882508104       49      600 SH       SOLE    01                600        0        0
TEXAS UTILS CO              COM                 882848104       74     2000 SH       SOLE    01               2000        0        0
TEXAS UTILS CO              COM                 882848104        9      250 SH       DEFINED                   250        0        0
TIFFANY & CO NEW                                886547108       65     1100 SH       SOLE    01               1100        0        0
TIME WARNER INC             COM                 887315109       36      600 SH       SOLE    01                600        0        0
TNP ENTERPRISES INC         COM                 872594106       11      300 SH       DEFINED                     0        0      300
TRAVIS BOATS & MTRS INC     COM                 894363100        1      200 SH       SOLE    01                200        0        0
TRIAD HOSPITALS INC         COM                 89579K109        0       65 SH       DEFINED                     0       65        0
TRICON GLOBAL RESTAURANTS   COM                 895953107       92     2250 SH       SOLE    01               2250        0        0
TRICON GLOBAL RESTAURANTS   COM                 895953107       12      300 SH       DEFINED 01                300        0        0
TYCO INTL LTD NEW                               902124106       10      100 SH       SOLE    01                100        0        0
TYSON FOODS INC             CL A                902494103      253    15450 SH       DEFINED                 15000        0      450
TYSON FOODS INC             CL A                902494103       12      750 SH       SOLE    01                750        0        0
U S G CORP                  COM NEW             903293405       14      300 SH       SOLE    01                  0      300        0
U S WEST INC NEW            COM                 91273H101       28      505 SH       SOLE    01                505        0        0
UNICOM CORP                 COM                 904911104       22      600 SH       SOLE                      600        0        0
UNICOM CORP                 COM                 904911104       18      500 SH       DEFINED                   500        0        0
UNION CARBIDE CORP          COM                 905581104       17      300 SH       DEFINED 01                300        0        0
UNION CARBIDE CORP          COM                 905581104       21      375 SH       SOLE    01                375        0        0
UNION PAC CORP              COM                 907818108       46      975 SH       SOLE                      850      125        0
UNION PAC CORP              COM                 907818108      189     3950 SH       DEFINED                   150     3800        0
UNION PAC RES GROUP INC     COM                 907834105       52     3218 SH       DEFINED                     0     3218        0
UNITED ARKANSAS CORPORATION                     907000996        0     1200 SH       DEFINED                     0        0     1200
UNOCAL CORP COM                                 915289102        3      100 SH       SOLE    01                100        0        0
US WEST COM NEW             EXCHG FROM 91288910291273H101        0        4 SH       SOLE                        4        0        0
USA TRUCK INC               COM                 902925106      958   107363 SH       SOLE                   107363        0        0
USA TRUCK INC               COM                 902925106        5      600 SH       DEFINED                   600        0        0
USX-U S STL                 COM                 90337T101        5      200 SH       DEFINED                   200        0        0
USX-U S STL                 COM                 90337T101       19      750 SH       SOLE                      750        0        0
UTILICORP UTD INC           COM                 918005109       60     2856 SH       SOLE    01               2856        0        0
VLASIC FOODS INTL INC       COM                 928559103        0      100 SH       SOLE    01                100        0        0
VODAFONE AIRTOUCH PUB LTD   COMP ADR            92857T107       22       94 SH       SOLE                       94        0        0
WAL MART STORES INC         COM                 931142103        9      200 SH       DEFINED 01                200        0        0
WAL MART STORES INC         COM                 931142103     1659    34900 SH       SOLE                    23400     2500     9000
WAL MART STORES INC         COM                 931142103      364     7672 SH       SOLE    01               7672        0        0
WAL MART STORES INC         COM                 931142103      258     5433 SH       DEFINED                   753     3000     1680
WALGREEN CO                 COM                 931422109       10      400 SH       SOLE                      400        0        0
WARNER LAMBERT CO           COM                 934488107      934    14075 SH       SOLE                    13983       92        0
WARNER LAMBERT CO           COM                 934488107      648     9775 SH       SOLE    01               9675      100        0
WARNER LAMBERT CO           COM                 934488107       19      300 SH       DEFINED 01                300        0        0
WASHINGTON MUT INC          COM                 939322103       11      400 SH       SOLE                      400        0        0
WASTE MGMT INC DEL          COM                 94106L109        0        1 SH       DEFINED                     0        0        1
WELLS FARGO & CO NEW        COM                 949746101       39     1000 SH       SOLE    01               1000        0        0
WESTERN RES INC             COM                 959425109        4      200 SH       SOLE                      200        0        0
WEYERHAEUSER CO             COM                 962166104       40      700 SH       SOLE    01                700        0        0
WILLIAMS COS INC DEL        COM                 969457100       11      300 SH       SOLE                      300        0        0
WM WRIGLEY JR COMPANY    COM                    982526105       27      400 SH       SOLE    01                400        0        0
</TABLE>


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