FIRST UNITED BANCSHARES INC /AR/
13F-HR, 2000-02-01
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: 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 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     January 26, 2000


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 Company, 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:     538

Form13F Information Table Value Total:     256132


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


     28-5984                       First United Trust Company, 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        4      100 SH       SOLE                      100        0        0
3COM CORP                   COM                 885535104        4      100 SH       SOLE    01                100        0        0
3COM CORP                   COM                 885535104       41      875 SH       DEFINED 01                875        0        0
A C NIELSON CORP                                004833109        4      200 SH       SOLE                      200        0        0
ABBOTT LABS                 COM                 002824100      629    17350 SH       SOLE    01              17050      300        0
ABBOTT LABS                 COM                 002824100       43     1200 SH       DEFINED 01               1200        0        0
ABBOTT LABS                 COM                 002824100      123     3400 SH       SOLE                     3400        0        0
ABBOTT LABS                 COM                 002824100      155     4288 SH       DEFINED                     0     4288        0
ACXIOM CORP                 COM                 005125109      199     8300 SH       SOLE                     8300        0        0
ADAMS EXPRESS CO            COM                 006212104      341    10161 SH       SOLE                    10161        0        0
AETNA LIFE AND CASUALTY     COMPANY             008117103       11      200 SH       DEFINED 01                200        0        0
AIR PRODS & CHEMS INC       COM                 009158106       13      400 SH       DEFINED 01                400        0        0
ALLEGHENY ENERGY INC        COM                 017361106        5      200 SH       SOLE                      200        0        0
ALLEGHENY ENERGY INC        COM                 017361106       16      600 SH       DEFINED                   600        0        0
ALLIANT ENERGY CORP                             018802108        2      100 SH       SOLE    01                100        0        0
ALLSTATE CORP               COM                 020002101        4      200 SH       DEFINED 01                  0        0      200
ALLSTATE CORP               COM                 020002101       36     1526 SH       SOLE    01               1526        0        0
ALLSTATE CORP                                   020002101       25     1050 SH       SOLE                      933      117        0
ALLTEL CORP                 COM                 020039103      943    11415 SH       DEFINED                 11415        0        0
ALLTEL CORP                 COM                 020039103       62      750 SH       SOLE                      450      200      100
ALLTEL CORP                 COM                 020039103      268     3250 SH       SOLE    01               3250        0        0
AMEREN CORP                 COM                 023608102        6      206 SH       SOLE                      206        0        0
AMEREN CORP                 COM                 023608102       19      600 SH       SOLE    01                600        0        0
AMERICA ONLINE INC DEL      COM                 02364J104       81     1075 SH       SOLE    01               1075        0        0
AMERICA ONLINE INC DEL      COM                 02364J104       30      400 SH       DEFINED 01                400        0        0
AMERICAN ELEC PWR INC       COM                 025537101        8      250 SH       DEFINED                   250        0        0
AMERICAN EXPRESS CO         COM                 025816109       16      100 SH       SOLE                      100        0        0
AMERICAN EXPRESS CO         COM                 025816109       49      300 SH       SOLE    01                300        0        0
AMERICAN HOME PRODS CORP    COM                 026609107       59     1515 SH       DEFINED 01               1515        0        0
AMERICAN HOME PRODS CORP    COM                 026609107       23      600 SH       SOLE                      600        0        0
AMERICAN HOMEPATIENT INC                        026649103       12    22450 SH       SOLE    01              22450        0        0
AMERICAN INTL GROUP INC     COM                 026874107       10      100 SH       SOLE    01                100        0        0
AMERICAN INTL PETROLEUM CORPCOM PAR $0.08N      026909408        2     4000 SH       SOLE    01               4000        0        0
AMSOUTH BANCORPORATION COM                      032165102        8      437 SH       DEFINED                   437        0        0
ANADARKO PETE CORP                              032511107      238     7000 SH       SOLE                     7000        0        0
ANHEUSER BUSCH COS INC      COM                 035229103      127     1800 SH       DEFINED 01               1600        0      200
ANHEUSER BUSCH COS INC      COM                 035229103      953    13460 SH       SOLE    01              13300        0      160
ANHEUSER BUSCH COS INC      COM                 035229103      729    10300 SH       SOLE                    10300        0        0
APPLE COMPUTER INC          COM                 037833100      113     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        8      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                046008108       33     1214 SH       SOLE                     1214        0        0
ASSOCIATES FIRST CAP CORP    CL A FROM FORD MTR 046008108       48     1760 SH       SOLE    01               1760        0        0
AT HOME CORP                COM SER A           045919107       98     2300 SH       DEFINED                     0     2300        0
AT&T CORP                   COM                 001957109     1126    22175 SH       SOLE    01              22075      100        0
AT&T CORP                   COM                 001957109        7      150 SH       DEFINED                   150        0        0
AT&T CORP                   COM                 001957109        2       50 SH       DEFINED 01                 50        0        0
AT&T CORP                   COM                 001957109      607    11963 SH       SOLE                    11713      250        0
ATLANTIC RICHFIELD CO       COM                 048825103      204     2360 SH       SOLE                     2360        0        0
ATLANTIC RICHFIELD CO       COM                 048825103       34      400 SH       SOLE    01                400        0        0
AUTOMATIC DATA PROCESSING INCOM                 053015103       43      800 SH       SOLE    01                800        0        0
AVENTIS SPONSORED ADR                           053561106       17      300 SH       SOLE    01                300        0        0
AVON PRODS INC              COM                 054303102       23      700 SH       SOLE    01                700        0        0
AVON PRODS INC              COM                 054303102       66     2000 SH       DEFINED                     0        0     2000
B. F. GOODRICH                                  382388106       11      400 SH       DEFINED 01                400        0        0
BAKER HUGHES INC            COM                 057224107        2      135 SH       SOLE    01                135        0        0
BALDOR ELEC CO              COM                 057741100      181    10000 SH       SOLE                    10000        0        0
BANK OF AMERICA CORP                            060505104       60     1204 SH       SOLE    01               1204        0        0
BANK OF AMERICA CORP                            060505104        6      132 SH       DEFINED 01                132        0        0
BANK OF AMERICA CORP                            060505104      120     2410 SH       DEFINED                  2410        0        0
BANK OF AMERICA CORP                            060505104     1063    21188 SH       SOLE                    21188        0        0
BANK OF THE OZARKS, INC                         063904106      464    23800 SH       DEFINED                     0    23800        0
BANK ONE CORP               COM                 06423A103       77     2420 SH       SOLE    01               2420        0        0
BANK ONE CORP               FORMERLY BANC ONE   06423A103       47     1482 SH       DEFINED                     0     1482        0
BARCLAYS PFD 11.25%         BK PLC SP ADR UNIT C06738C505       51     2000 SH       SOLE    01               2000        0        0
BAXTER INTERNATIONAL INC                        071813109       75     1200 SH       SOLE    01               1200        0        0
BECKMAN COULTER INC COM                         075811109       15      300 SH       SOLE    01                300        0        0
BELL ATLANTIC CORP          COM                 077853109      117     1905 SH       SOLE                     1111      194      600
BELL ATLANTIC CORP          COM                 077853109      461     7498 SH       SOLE    01               7498        0        0
BELL ATLANTIC CORP          COM                 077853109       24      400 SH       DEFINED 01                400        0        0
BELLSOUTH CORP              COM                 079860102        9      200 SH       DEFINED                   200        0        0
BELLSOUTH CORP              COM                 079860102      246     5258 SH       SOLE                     5012      246        0
BELLSOUTH CORP              COM                 079860102      235     5040 SH       SOLE    01               5040        0        0
BERKSHIRE HATHAWAY INC COM                      084670108       56        1 SH       SOLE    01                  1        0        0
BESTFOODS                   COM                 08658U101       26      500 SH       SOLE    01                500        0        0
BETHLEHEM STL CORP          PFD CV $2.50        087509402       25     1100 SH       SOLE    01               1100        0        0
BMC SOFTWARE INC            COM                 055921100       23      300 SH       SOLE                      300        0        0
BOEING CO                   COM                 097023105      246     5960 SH       SOLE    01               5960        0        0
BOEING CO                   COM                 097023105       12      300 SH       DEFINED 01                300        0        0
BOEING CO                   COM                 097023105      225     5450 SH       SOLE                     5450        0        0
BOISE CASCADE CORP          COM                 097383103       20      500 SH       SOLE    01                500        0        0
BP AMOCO P L C              SPONSORED ADR       055622104     2448    41284 SH       SOLE                    41284        0        0
BP AMOCO P L C              SPONSORED ADR       055622104       54      926 SH       DEFINED                   926        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      452     7050 SH       SOLE    01               7050        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      179     2800 SH       DEFINED 01               2800        0        0
BRISTOL-MEYERS SQUIBB                           110122108      357     5568 SH       DEFINED                  5568        0        0
BRISTOL-MEYERS SQUIBB                           110122108     1100    17144 SH       SOLE                    10232     6912        0
BRUNOS INC                                      116881202        0        8 SH       SOLE                        8        0        0
BURLINGTON NORTHERN/SANTA FE CORP               12189T104       22      930 SH       SOLE    01                930        0        0
BURROUGHS CORP                                  122781107        0      180 SH       SOLE                      180        0        0
CABLE & WIRELESS HKT SPON   ADR                 126828102       64     2209 SH       DEFINED                     0     2209        0
CABLETRON SYS INC           COM                 126920107        5      200 SH       SOLE                      200        0        0
CADBURY SCHWEPPES PLC       ADR                 127209302       29     1200 SH       SOLE    01               1200        0        0
CALLAWAY GOLF CO            COM                 131193104        3      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      231     4800 SH       SOLE    01               4800        0        0
CARDINAL HEALTH INC         COM                 14149Y108       14      298 SH       SOLE    01                298        0        0
CAROLINA PWR & LT CO        COM                 144141108        6      200 SH       DEFINED                     0        0      200
CATERPILLAR INC DEL         COM                 149123101       14      300 SH       SOLE    01                300        0        0
CATERPILLAR INC DEL         COM                 149123101      197     4200 SH       SOLE                     4200        0        0
CELLSTAR CORP               COM                 150925105       21     2200 SH       SOLE                        0     2200        0
CENTRAL & SOUTH WEST CORP   COM                 152357109      114     5700 SH       SOLE    01               5700        0        0
CENTRAL & SOUTH WEST CORP   COM                 152357109        6      300 SH       DEFINED 01                300        0        0
CENTRAL & SOUTH WEST CORP   COM                 152357109       50     2500 SH       SOLE                     2500        0        0
CENTURYTEL INC              COM                 156700106      232     4902 SH       SOLE                        0     4902        0
CHAMPION INTL CORP          COM                 158525105       13      225 SH       SOLE                      225        0        0
CHAMPION INTL CORP          COM                 158525105       15      250 SH       SOLE    01                250        0        0
CHASE MANHATTAN BANK                            16161A108       77     1000 SH       SOLE    01               1000        0        0
CHEVRON CORPORATION         COM                 166751107       43      500 SH       DEFINED 01                500        0        0
CHEVRON CORPORATION         COM                 166751107      394     4554 SH       SOLE                     4354        0      200
CHEVRON CORPORATION         COM                 166751107      765     8833 SH       SOLE    01               8833        0        0
CHUBB CORPORATION                               171232101      309     5500 SH       SOLE                     5500        0        0
CIFRA S A DE C V            ADR                 171785207        1      558 SH       SOLE                      558        0        0
CISCO SYS INC               COM                 17275R102       21      200 SH       DEFINED                   200        0        0
CISCO SYS INC               COM                 17275R102       55      520 SH       DEFINED 01                520        0        0
CISCO SYS INC               COM                 17275R102     1480    13825 SH       SOLE    01              13575      250        0
CISCO SYS INC               COM                 17275R102      460     4300 SH       SOLE                     4300        0        0
CITIGROUP INC               COM                 172967101      267     4800 SH       SOLE                     4800        0        0
CITIGROUP INC               COM                 172967101      563    10125 SH       DEFINED 01              10125        0        0
CITIGROUP INC               COM                 172967101      151     2725 SH       SOLE    01               2725        0        0
CLECO CORP NEW                                  12561W105       19      600 SH       SOLE    01                600        0        0
CLECO CORP NEW                                  12561W105        6      200 SH       DEFINED                   200        0        0
CLOROX COMPANY                                  189054109      120     2400 SH       SOLE                     2400        0        0
COCA COLA CO                COM                 191216100      355     6100 SH       DEFINED 01               6050        0       50
COCA COLA CO                COM                 191216100     2027    34805 SH       SOLE    01              33630     1000      175
COCA COLA CO                COM                 191216100      289     4975 SH       SOLE                     4875        0      100
COCA COLA ENTERPRISES INC   COM                 191219104       48     2400 SH       SOLE    01               2400        0        0
COLGATE PALMOLIVE CO        COM                 194162103       13      200 SH       DEFINED 01                200        0        0
COLGATE PALMOLIVE CO        COM                 194162103      552     8500 SH       SOLE                     8500        0        0
COLGATE PALMOLIVE CO        COM                 194162103       39      600 SH       SOLE    01                600        0        0
COLUMBIA GAS SYSTEM, INC                        197648108        1       16 SH       SOLE                       16        0        0
COLUMBIA/HCA HEALTHCARE CORPCOM                 197677107       36     1250 SH       DEFINED                     0     1250        0
COMPAQ COMPUTER CORP        COM                 204493100      281    10410 SH       SOLE    01              10410        0        0
COMPAQ COMPUTER CORP        COM                 204493100      133     4950 SH       SOLE                     4950        0        0
COMPUTER ASSOC INTL INC     COM                 204912109       55      800 SH       SOLE    01                800        0        0
COMPUTER SCIENCES CORP                          205363104        9       99 SH       DEFINED 01                 99        0        0
CONAGRA CAP L C             PFD SER A 9%        20588V208       48     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
CONECTIV INC                COM                 206829103       11      675 SH       SOLE                      675        0        0
CONNECTICUTT ENERGY CORP                        207567108        5      137 SH       SOLE                      137        0        0
CONOCO INC                  CL A                208251306       14      600 SH       SOLE                      600        0        0
CONOCO INC CL B                                 208251405       15      613 SH       SOLE                      613        0        0
CONSECO INC                 COM                 208464107        9      560 SH       DEFINED 01                560        0        0
CONSECO STRATEGIC INC FD    SH BEN INT          20847A102        8      866 SH       SOLE                      866        0        0
CONSOLIDATED EDISON INC COM                     209115104       35     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
COOPER TIRE & RUBR CO       COM                 216831107       23     1500 SH       SOLE    01               1500        0        0
CORN PRODUCTS INTERNATIONAL                     219023108        6      200 SH       SOLE                      200        0        0
CORNING INC                 COM                 219350105       77      600 SH       SOLE    01                600        0        0
CROWN CORK & SEAL INC       COM                 228255105        7      350 SH       SOLE                      350        0        0
CSX CORP                    COM                 126408103       18      600 SH       SOLE                      600        0        0
DAYTON HUDSON CORP          COM                 239753106       14      200 SH       SOLE    01                200        0        0
DELL COMPUTER CORP          COM                 247025109       35      700 SH       DEFINED 01                700        0        0
DELL COMPUTER CORP          COM                 247025109      527    10335 SH       SOLE    01              10335        0        0
DELL COMPUTER CORP          COM                 247025109       76     1500 SH       SOLE                     1500        0        0
DELL COMPUTER CORP          COM                 247025109       40      800 SH       DEFINED                     0        0      800
DELPHI AUTOMOTIVE SYS CORP  COM                 247126105       24     1535 SH       SOLE    01               1535        0        0
DELPHI AUTOMOTIVE SYS CORP  COM                 247126105        8      539 SH       SOLE                      493       46        0
DELTIC TIMBER CORP                              247850100       10      500 SH       DEFINED 01                500        0        0
DELTIC TIMBER CORP                              247850100       28     1300 SH       SOLE    01               1300        0        0
DELTIC TIMBER INC                               247850100    14127   645971 SH       DEFINED                     0   645543      428
DELTIC TIMBER INC                               247850100      406    18586 SH       SOLE                    18586        0        0
DEVON ENERGY CORPORATION NEW                    25179M103        0       13 SH       SOLE                       13        0        0
DEVRY INC DEL               COM                 251893103       53     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 HOLDING CO                254687106        5      200 SH       DEFINED                   200        0        0
DOMINION RES INC VA         COM                 257470104       46     1180 SH       SOLE                        0        0     1180
DOMINION RES INC VA         COM                 257470104        3       99 SH       DEFINED                     0        0       99
DPL INC                     COM                 233293109       41     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       61      932 SH       SOLE                      932        0        0
DUKE ENERGY CORP            COM                 264399106        5      100 SH       DEFINED                   100        0        0
DUKE ENERGY CORP            COM                 264399106       48      970 SH       SOLE                        0        0      970
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       43      400 SH       SOLE    01                400        0        0
E M C CORP MASS             COM                 268648102       21      200 SH       DEFINED 01                200        0        0
EARTHGRAINS CO   COM                            270319106      112     7000 SH       SOLE                     7000        0        0
EASTMAN CHEMICAL COMPANY                        277432100        2       50 SH       SOLE    01                 50        0        0
EASTMAN KODAK CO            COM                 277461109       33      500 SH       SOLE    01                500        0        0
EATON CORP                  COM                 278058102       61      850 SH       SOLE                      850        0        0
EATON CORP                  COM                 278058102       87     1200 SH       SOLE    01               1200        0        0
EATON CORP                  COM                 278058102        7      100 SH       DEFINED                   100        0        0
EEX CORP                    COM NEW             26842V207        0       66 SH       SOLE                       66        0        0
EL PASO ENERGY CORP DEL     COM                 283905107        7      200 SH       DEFINED                     0      200        0
ELAN PLC                    ADR                 284131208        5      200 SH       SOLE                      200        0        0
EMERSON ELEC CO             COM                 291011104       28      500 SH       SOLE    01                500        0        0
EMERSON ELEC CO             COM                 291011104       86     1500 SH       SOLE                     1500        0        0
ENCORE WIRE CORP            COM                 292562105      143    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        4       60 SH       SOLE                       60        0        0
ENTERGY ARK INC PFD $7.32                       29364D704       20      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       14      145 SH       SOLE                      145        0        0
ENTERGY CORP NEW            COM                 29364G103       55     2145 SH       SOLE                     2145        0        0
ENTERGY CORP NEW            COM                 29364G103       84     3300 SH       SOLE    01               3300        0        0
ENTERGY CORP NEW            COM                 29364G103       15      593 SH       DEFINED 01                593        0        0
ETHAN ALLEN INTERIORS                           297602104        7      225 SH       DEFINED                   225        0        0
EXXON MOBIL CORP            COM                 30231G102      300     3730 SH       DEFINED 01               3730        0        0
EXXON MOBIL CORP            COM                 30231G102     1788    22195 SH       SOLE    01              22195        0        0
EXXON MOBILE CORP                               30231G102      655     8140 SH       DEFINED                  3740     4400        0
EXXON MOBILE CORP                               30231G102     3611    44830 SH       SOLE                    43062     1104      664
FAIRFIELD CMNTYS INC        COM PAR $0.01       304231301      198    18500 SH       SOLE                    18500        0        0
FDX CORP                    COM                 31304N107        8      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       12      685 SH       SOLE                        0        0      685
FEDERATED HIGH YIELD TR     SH BEN INT          314197104      976   118189 SH       SOLE    01             118189        0        0
FEDERATED STK TR            SH BEN INT          31390010R       38     1066 SH       SOLE    01               1066        0        0
FIRST COMMUNITY BANK NA     NPT                 329000996        2     2000 SH       SOLE                     2000        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        3      118 SH       DEFINED 01                118        0        0
FIRST UN CORP               COM                 337358105       57     1760 SH       SOLE    01               1760        0        0
FIRST UNITED BANCSHARES INC                     33741E104      355    26577 SH       SOLE    01              23827     2400      350
FIRST UNITED BANCSHARES INC                     33741E104       48     3600 SH       DEFINED 01               3600        0        0
FIRST UTD BANCSHARES INC ARKCOM                 33741E104     9894   740024 SH       SOLE                   164206   120954   454864
FIRST UTD BANCSHARES INC ARKCOM                 33741E104     1958   146476 SH       DEFINED                138760     2304     5412
FLEETBOSTON FINANCIAL CORP                      339030108       24      700 SH       SOLE    01                700        0        0
FLEETBOSTON FINANCIAL CORP                      339030108       45     1301 SH       SOLE                     1301        0        0
FLORIDA PROGRESS CORP       COM                 341109106       10      250 SH       SOLE    01                250        0        0
FLUOR CORP                  COM                 343861100       18      396 SH       SOLE                      396        0        0
FOAMEX INT'L INC                                344123104      166    20050 SH       SOLE                    20050        0        0
FOGDOG, INC                                     344167101        2      215 SH       SOLE                      215        0        0
FORD MTR CO CAP TR I        TOPRS 9%            345343206       25     1000 SH       SOLE    01               1000        0        0
FORD MTR CO DEL                                 345370100       35      660 SH       DEFINED                   100        0      560
FORD MTR CO DEL             COM                 345370100       70     1325 SH       SOLE    01               1325        0        0
FORD MTR CO DEL                                 345370100      177     3326 SH       SOLE                     3326        0        0
FORTUNE BRANDS INC                              349631101      191     5790 SH       SOLE                     5790        0        0
FPL GROUP INC               COM                 302571104        8      200 SH       SOLE    01                200        0        0
FPL GROUP INC               COM                 302571104       19      450 SH       SOLE                      450        0        0
FRANKLIN FED TAX FREE INCOMECL A                353519101       12     1058          SOLE    01               1058        0        0
GALLAHER GROUP PLC ADR                          363595109       88     5790 SH       SOLE                     5790        0        0
GAP INC DEL                 COM                 364760108       69     1500 SH       SOLE    01               1500        0        0
GATEWAY INC                 COM                 367626108       28      400 SH       SOLE                      400        0        0
GEMSTAR INTERNATIONAL                           G3788V106       85     1200 SH       SOLE                     1200        0        0
GENERAL ELEC CO             COM                 369604103     1121     7250 SH       SOLE                     7250        0        0
GENERAL ELEC CO             COM                 369604103     2223    14370 SH       SOLE    01              14370        0        0
GENERAL ELEC CO             COM                 369604103      216     1400 SH       DEFINED 01               1400        0        0
GENERAL MLS INC             COM                 370334104       25      720 SH       SOLE                      720        0        0
GENERAL MLS INC             COM                 370334104        0       20 SH       DEFINED                     0        0       20
GENERAL MTRS CORP           COM                 370442105       50      700 SH       SOLE                      634       66        0
GENERAL MTRS CORP           COM                 370442105      119     1650 SH       SOLE    01               1650        0        0
GENOME THERAPEUTICS CORP    COM                 372430108       16     1000 SH       SOLE    01               1000        0        0
GENUS INC                   COM                 372461103        6     1500 SH       DEFINED 01               1500        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108      264     5220 SH       SOLE                     5220        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702       45     1860 SH       SOLE                     1860        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702        1       50 SH       SOLE    01                 50        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108       45      900 SH       SOLE    01                900        0        0
GERBER SCIENTIFIC INC                           373730100      142     6500 SH       SOLE                     6500        0        0
GERON CORP                  COM                 374163103        3      300 SH       SOLE                      300        0        0
GILLETTE CO                 COM                 375766102      193     4700 SH       SOLE                     4700        0        0
GILLETTE CO                 COM                 375766102       16      400 SH       DEFINED 01                400        0        0
GILLETTE CO                 COM                 375766102      198     4830 SH       SOLE    01               4830        0        0
GILLETTE CO                 COM                 375766102      127     3085 SH       DEFINED                   150     2935        0
GLAXO WELLCOME PLC          SPONSORED ADR       37733W105       16      300 SH       SOLE    01                300        0        0
GLOBAL INDL TECHNOLOGIES INCCOM                 379335102        2      160 SH       SOLE                      160        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101        2       92 SH       SOLE                       92        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101       14      526 SH       SOLE    01                526        0        0
GPU INC                                         36225X100       11      400 SH       SOLE    01                400        0        0
GREAT LAKES CHEM CORP       COM                 390568103       68     1785 SH       DEFINED                     0     1785        0
GTE CORP                    COM                 362320103       98     1400 SH       DEFINED 01               1400        0        0
GTE CORP                    COM                 362320103      709    10060 SH       SOLE    01              10060        0        0
GTE CORP                    COM                 362320103      289     4100 SH       SOLE                     3100        0     1000
GUARANTY BANCSHARES INC TEX COM                 400764106        1      200 SH       SOLE    01                  0        0      200
GUIDANT CORP                COM                 401698105      253     5400 SH       SOLE    01               5400        0        0
HALLIBURTON CO              COM                 406216101        2       50 SH       SOLE                       50        0        0
HALLIBURTON CO              COM                 406216101       24      600 SH       DEFINED                   600        0        0
HALLIBURTON CO              COM                 406216101       31      775 SH       SOLE    01                775        0        0
HARRIS CORP DEL             COM                 413875105       10      375 SH       SOLE                      375        0        0
HARTFORD FIN SRVS GRP                           416515104       23      500 SH       SOLE                      500        0        0
HATTERAS INCOME SECS INC    COM                 419025101        2      200 SH       SOLE    01                200        0        0
HEINZ H J CO                COM                 423074103      155     3895 SH       SOLE                     3895        0        0
HEWLETT PACKARD CO          COM                 428236103      238     2100 SH       SOLE                     2100        0        0
HEWLETT PACKARD CO          COM                 428236103      275     2425 SH       SOLE    01               2425        0        0
HEWLETT PACKARD CO          COM                 428236103       22      200 SH       DEFINED 01                200        0        0
HIBERNIA CORP                                   428656102     4136   389456 SH       SOLE    01             389456        0        0
HIBERNIA CORP                                   428656102        9      900 SH       DEFINED 01                900        0        0
HIGHLANDS INS GROUP                             431032101      113    12000 SH       SOLE                    12000        0        0
HOME DEPOT INC              COM                 437076102      247     2400 SH       SOLE                      900        0     1500
HOME DEPOT INC              COM                 437076102       10      100 SH       DEFINED 01                100        0        0
HOME DEPOT INC              COM                 437076102      528     5125 SH       SOLE    01               2425     2700        0
HOMEFED CORP COM  NEW                           43739D208        3     4028 SH       DEFINED                     0     4028        0
HONEYWELL INTL INC                              438516106       14      250 SH       SOLE                      250        0        0
HONEYWELL INTL INC COM                          438516106      230     4000 SH       SOLE    01               4000        0        0
HOPEWELL HLDGS LTD          SPONSORED ADR       439555301        8    14600 SH       DEFINED                     0    14600        0
HUBBELL INC                 CL B                443510201       27     1000 SH       SOLE    01               1000        0        0
HUNT J B TRANS SVCS INC     COM                 445658107        8      600 SH       SOLE                      600        0        0
ICN PHARMACEUTICALS INC NEW COM                 448924100        5      200 SH       SOLE    01                200        0        0
INGERSOLL-RAND CO           COM                 456866102        5      100 SH       DEFINED                   100        0        0
INGERSOLL-RAND CO           COM                 456866102       88     1600 SH       SOLE                     1150      450        0
INTEL CORP                  COM                 458140100      695     8450 SH       SOLE                     7650        0      800
INTEL CORP                  COM                 458140100      943    11460 SH       SOLE    01              11360      100        0
INTEL CORP                  COM                 458140100      197     2400 SH       DEFINED 01               2400        0        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101      227     2112 SH       DEFINED                     0     2112        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101     1639    15200 SH       SOLE                    15100      100        0
INTERNATIONAL BUSINESS MACHS                    459200101     1489    13810 SH       SOLE    01              13710      100        0
INTERNATIONAL FLAVORS AND FRAGRANCES            459506101       20      550 SH       SOLE                      550        0        0
INTL PAPER CO               COM                 460146103       11      200 SH       DEFINED 01                200        0        0
INTL PAPER CO               COM                 460146103      217     3850 SH       SOLE                     3850        0        0
INTL PAPER CO               COM                 460146103       14      250 SH       SOLE    01                250        0        0
INTL PAPER CO               COM                 460146103       70     1250 SH       DEFINED                   150     1100        0
IOMEGA CORP                 COM                 462030107       33    10000 SH       DEFINED                 10000        0        0
IPALCO ENTERPRISES INC      COM                 462613100       10      600 SH       SOLE                      600        0        0
IRWIN FINL CORP             COM                 464119106       32     1800 SH       SOLE    01               1800        0        0
JEFFERSON PILOT CORPORATION                     475070108       20      300 SH       DEFINED 01                300        0        0
JOHNS MANVILLE CORP                             478129109        4      292 SH       SOLE                        0      292        0
JOHNSON & JOHNSON           COM                 478160104     2708    29050 SH       SOLE                    29050        0        0
JOHNSON & JOHNSON           COM                 478160104      177     1900 SH       DEFINED 01               1700        0      200
JOHNSON & JOHNSON           COM                 478160104      102     1100 SH       DEFINED                   100      600      400
JOHNSON & JOHNSON           COM                 478160104      195     2100 SH       SOLE    01               2100        0        0
JONES PHARMA INC            COM                 480236108        8      200 SH       SOLE                      200        0        0
KANSAS CITY PWR & LT CO     COM                 485134100       22     1000 SH       SOLE                        0        0     1000
KEANE INC                                       486665102        6      200 SH       SOLE                      200        0        0
KERR-MCGEE CORPORATION INC                      492386107        1       32 SH       SOLE                       32        0        0
KIMBERLY CLARK CORP         COM                 494368103       13      200 SH       SOLE    01                200        0        0
KIMBERLY CLARK CORP         COM                 494368103       71     1100 SH       SOLE                     1100        0        0
KROGER CO                   COM                 501044101       14      750 SH       SOLE                      500      250        0
LACLEDE GAS CO              COM                 505588103        6      300 SH       SOLE                      300        0        0
LACLEDE GAS CO              COM                 505588103       19      900 SH       DEFINED                   900        0        0
LANIER WORLDWIDE INC                            51589L105        1      375 SH       SOLE                      375        0        0
LENNOX INTL INC             COM                 526107107        4      500 SH       SOLE                      500        0        0
LG&E ENERGY CORP            COM                 501917108       29     1670 SH       SOLE    01                  0     1670        0
LIFEPOINT HOSPITALS INC     COM                 53219L109        0       65 SH       DEFINED                     0       65        0
LILLY ELI & CO              COM                 532457108       46      700 SH       DEFINED 01                700        0        0
LILLY ELI & CO              COM                 532457108      342     5150 SH       SOLE    01               5150        0        0
LILLY ELI & CO              COM                 532457108       99     1500 SH       SOLE                     1500        0        0
LOUISIANA PAC CORP          COM                 546347105       14     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     1179    15722 SH       SOLE                    15522      200        0
LUCENT TECHNOLOGIES INC     COM                 549463107     1779    23730 SH       SOLE    01              23530      200        0
LUCENT TECHNOLOGIES INC     COM                 549463107      123     1650 SH       DEFINED 01               1650        0        0
MCDONALDS CORP              COM                 580135101       92     2300 SH       SOLE                     2300        0        0
MCDONALDS CORP              COM                 580135101       24      600 SH       DEFINED 01                600        0        0
MCDONALDS CORP              COM                 580135101       16      400 SH       SOLE    01                400        0        0
MCI WORLDCOM INC            COM                 55268B106      126     1590 SH       SOLE    01               1590        0        0
MCI WORLDCOM INC            COM                 55268B106      698     8780 SH       SOLE                     8780        0        0
MCI WORLDCOM INC            COM                 55268B106       31      400 SH       DEFINED 01                200        0      200
MCKESSON HBOC INC           COM                 58155Q103        4      200 SH       SOLE                      200        0        0
MEDIAONE GROUP INC          COM                 58440J104       12      164 SH       SOLE                      109       55        0
MEDTRONIC INC               COM                 585055106      233     6400 SH       SOLE                     6400        0        0
MEDTRONIC INC               COM                 585055106       36     1000 SH       SOLE    01               1000        0        0
MELLON FINL CORP            COM                 58551A108       27      800 SH       SOLE    01                800        0        0
MERCK & CO INC              COM                 589331107      507     7550 SH       SOLE                     7550        0        0
MERCK & CO INC              COM                 589331107      137     2050 SH       DEFINED 01               1650        0      400
MERCK & CO INC              COM                 589331107     1677    24975 SH       SOLE    01              24725      250        0
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       18     3100 SH       SOLE    01               3100        0        0
MGIC INVT CORP WIS          COM                 552848103       30      500 SH       SOLE                      500        0        0
MICROSOFT CORP              COM                 594918104      776     6650 SH       SOLE                     6650        0        0
MICROSOFT CORPORATION                           594918104       46      400 SH       DEFINED 01                400        0        0
MICROSOFT CORPORATION                           594918104     1075     9210 SH       SOLE    01               9110      100        0
MINNESOTA MNG & MFG CO      COM                 604059105       68      700 SH       SOLE    01                700        0        0
MISSISSIPPI CHEMICAL                            598001998        0        2 SH       SOLE                        2        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      816    23040 SH       SOLE                    18740     4300        0
MORGAN STANLEY DEAN WITTER & CO                 617446448       43      306 SH       SOLE    01                306        0        0
MORRISON MGMT SPECIALIST    INC                 618459101        2      105 SH       DEFINED 01                105        0        0
MOTOROLA INC                                    620076109      316     2150 SH       SOLE                     2150        0        0
MOTOROLA INC                                    620076109       23      160 SH       DEFINED                   160        0        0
MOTOROLA INCORPORATED    COM                    620076109       58      400 SH       SOLE    01                400        0        0
MOTOROLA INCORPORATED    COM                    620076109       14      100 SH       DEFINED 01                100        0        0
MURPHY OIL CORP             COM                 626717102     4708    82069 SH       SOLE                    82069        0        0
MURPHY OIL CORP             COM                 626717102   138448  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       26      800 SH       SOLE                      800        0        0
NIKE INC                    CL B                654106103       34      700 SH       SOLE    01                700        0        0
NIKE INC CL B               CL B                654106103        4      100 SH       SOLE                      100        0        0
NOBLE AFFILIATES INC        COM                 654894104       46     2160 SH       SOLE    01               2160        0        0
NOBLE DRILLING CORP         COM                 655042109       25      792 SH       SOLE    01                792        0        0
NORTHERN STATES POWER                           665772109       39     2000 SH       SOLE    01               2000        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104       94     1780 SH       SOLE    01               1780        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104      212     4000 SH       DEFINED 01               4000        0        0
OCCIDENTAL PETE CORP DEL    COM                 674599105       28     1303 SH       SOLE    01                803      500        0
OGE ENERGY CORP             COM                 670837103        3      200 SH       SOLE    01                200        0        0
OKLAHOMA GAS & ELEC CO      COM                 670837103       13      700 SH       DEFINED                   700        0        0
OKLAHOMA GAS & ELEC CO      COM                 670837103       78     4156 SH       SOLE                     1300        0     2856
OLIN CORP                   COM PAR $1          680665205       16      808 SH       SOLE                        0      808        0
ORACLE CORP                 COM                 68389X105      106      950 SH       SOLE                      950        0        0
ORACLE CORP                 COM                 68389X105       56      500 SH       DEFINED 01                500        0        0
ORACLE CORP                 COM                 68389X105      168     1500 SH       SOLE    01               1500        0        0
PACTIV CORP                                     695257105        8      800 SH       SOLE                      800        0        0
PACTIV CORP                                     695257105        2      200 SH       DEFINED                   200        0        0
PENNEY J C INC              COM                 708160106       19      970 SH       SOLE                      970        0        0
PENNZOIL QUAKER ST CO                           709323109        0       31 SH       SOLE                       31        0        0
PEOPLES ENERGY CORP         COM                 711030106        6      200 SH       SOLE                      200        0        0
PEOPLES ENERGY CORP         COM                 711030106       16      500 SH       DEFINED                   500        0        0
PEPSICO INC                 COM                 713448108       56     1600 SH       DEFINED 01               1600        0        0
PEPSICO INC                 COM                 713448108      437    12400 SH       SOLE    01              11200     1200        0
PEPSICO INC                 COM                 713448108      140     4000 SH       SOLE                     3867      133        0
PEPSICO INC                 COM                 713448108       38     1100 SH       DEFINED                     0     1100        0
PFIZER INC                  COM                 717081103      372    11500 SH       SOLE                    11500        0        0
PFIZER INC                  COM                 717081103      304     9400 SH       SOLE    01               9400        0        0
PG&E CORP                   COM                 69331C108        5      250 SH       DEFINED                   250        0        0
PHELPS DODGE CORP           COM                 717265102        1       20 SH       SOLE                       20        0        0
PHILIP MORRIS COS INC       COM                 718154107        6      300 SH       SOLE                      300        0        0
PHILLIPS PETROLEUM CO COM                       718507106        4      100 SH       SOLE    01                100        0        0
PITNEY BOWES INC            COM                 724479100        1       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        4      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       15      300 SH       DEFINED 01                300        0        0
PRIMEX TECHNOLOGIES INC     COM                 741597108       15      760 SH       SOLE                        0      760        0
PRISON REALTY TRUST                             74264N105       15     3000 SH       SOLE                     3000        0        0
PROCTER & GAMBLE CO         COM                 742718109      429     3920 SH       SOLE    01               3920        0        0
PROCTER & GAMBLE CO         COM                 742718109      328     3000 SH       DEFINED 01               3000        0        0
PROCTER & GAMBLE CO         COM                 742718109      592     5408 SH       SOLE                     5408        0        0
PROSOFT TRAINING.COM                            743477101       15     1500 SH       SOLE    01               1500        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        5      200 SH       SOLE                      200        0        0
REGIONS FINANCIAL                               758940100       44     1786 SH       DEFINED                     0     1786        0
REGIONS FINANCIAL                               758940100       19      764 SH       SOLE                      764        0        0
REGIONS FINL CORP           COM                 758940100      362    14411 SH       SOLE    01              14411        0        0
RELIANT ENERGY INC          COM                 75952J108       18      824 SH       DEFINED 01                824        0        0
RELIANT ENERGY INC          COM                 75952J108       49     2173 SH       SOLE                     2173        0        0
RELIANT ENERGY INC          COM                 75952J108      102     4461 SH       DEFINED                  4123      338        0
RELIANT ENERGY INC          COM                 75952J108       38     1700 SH       SOLE    01                500     1200        0
REPUBLIC N Y CORP           COM                 760719104       36      500 SH       SOLE    01                500        0        0
ROHM & HAAS CO              COM                 775371107        8      200 SH       SOLE    01                200        0        0
ROUSE CO                    COM                 779273101        2      100 SH       SOLE    01                100        0        0
ROYAL DUTCH PETE CO         NY REG GLD1.25      780257804       72     1200 SH       SOLE    01               1200        0        0
RUBY TUESDAY INC                                781182100       11      630 SH       DEFINED 01                630        0        0
SALOMON BROTHERS FD INC     COM                 795477108       10      500 SH       SOLE                      500        0        0
SARA LEE CORP               COM                 803111103       17      800 SH       SOLE    01                800        0        0
SBC COMMUNICATIONS INC      COM                 78387G103      268     5500 SH       SOLE    01               5500        0        0
SBC COMMUNICATIONS INC      COM                 78387G103     1226    25152 SH       SOLE                    24695      457        0
SBC COMMUNICATIONS INC      COM                 78387G103       29      600 SH       DEFINED 01                600        0        0
SBC COMMUNICATIONS INC      COM                 78387G103        9      200 SH       DEFINED                   200        0        0
SCANA CORP                  COM                 805898103       53     2000 SH       SOLE                        0        0     2000
SCHERING PLOUGH CORP        COM                 806605101       97     2300 SH       SOLE                     2300        0        0
SCHERING PLOUGH CORP        COM                 806605101      894    21100 SH       DEFINED                   100    21000        0
SCHERING PLOUGH CORP        COM                 806605101      101     2400 SH       DEFINED 01               2400        0        0
SCHERING PLOUGH CORP        COM                 806605101       84     2000 SH       SOLE    01               2000        0        0
SCHLUMBERGER LTD            COM                 806857108       85     1530 SH       SOLE    01               1530        0        0
SCHLUMBERGER LTD            COM                 806857108      131     2350 SH       SOLE                     2350        0        0
SCUDDER GLOBAL DISCOVERY FD                     378947501       18      510 SH       SOLE    01                510        0        0
SEAGATE TECHNOLOGY          COM                 811804103       46     1000 SH       SOLE    01               1000        0        0
SEARS ROEBUCK & CO          COM                 812387108       49     1619 SH       SOLE    01               1619        0        0
SEMPRA ENERGY               COM                 816851109       19     1100 SH       SOLE                     1100        0        0
SEMPRA ENERGY AKA ENOVA CORP                    816851109        3      200 SH       SOLE    01                200        0        0
SERVICEMASTER CO                                81760N109       22     1800 SH       SOLE    01               1800        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200      305    12211 SH       SOLE    01              12211        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200       75     3000 SH       DEFINED                  3000        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200       60     2423 SH       SOLE                     2423        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200        4      162 SH       DEFINED 01                162        0        0
SOLUTIA INC                 COM                 834376105        1      100 SH       DEFINED                     0      100        0
SOLUTIA INC                 COM                 834376105       76     4948 SH       SOLE                     3794     1154        0
SONIC CORP                  COM                 835451105      146     5150 SH       DEFINED                  5150        0        0
SONY CORP                                       835699307      142      500 SH       DEFINED                     0      500        0
SOUTHERN CO                 COM                 842587107       14      600 SH       SOLE                        0        0      600
SOUTHERN CO                 COM                 842587107      101     4300 SH       DEFINED                  4300        0        0
SOUTHERN CO                 COM                 842587107       11      500 SH       SOLE    01                500        0        0
SPACELABS MED INC           COM                 846247104        1       72 SH       SOLE                        0       72        0
SPRINT CORP                 COM FON GROUP       852061100      235     3500 SH       SOLE                     3500        0        0
ST PAUL COMPANIES INC       COMMON STOCK        792860108       30      914 SH       SOLE                      914        0        0
STAFFMARK INC               COM                 852389105        7     1000 SH       DEFINED                  1000        0        0
SUN MICROSYSTEMS INC        COM                 866810104       38      500 SH       SOLE    01                500        0        0
SUNOCO INC                  COM                 86764P109       38     1628 SH       SOLE                     1628        0        0
SUNOCO INC                  COM                 86764P109       16      700 SH       SOLE    01                700        0        0
SYSCO CORP                  COM                 871829107        3      100 SH       SOLE                      100        0        0
TECO ENERGY INC             COM                 872375100       14      800 SH       DEFINED                   800        0        0
TECO ENERGY INC             COM                 872375100        5      300 SH       SOLE                      300        0        0
TELECOM SEMICONDUCTOR                           87921P107      168     8000 SH       SOLE                     8000        0        0
TELLABS INC                 COM                 879664100       57      900 SH       SOLE    01                900        0        0
TEMPLE INLAND INC           COM                 879868107       26      400 SH       SOLE    01                400        0        0
TENNECO AUTOMOTIVE INC      USD                 880349105        1      160 SH       SOLE                      160        0        0
TENNECO AUTOMOTIVE INC      USD                 880349105        0       40 SH       DEFINED                    40        0        0
TEXACO INC                  COM                 881694103       27      500 SH       SOLE                      500        0        0
TEXACO INC                  COM                 881694103       84     1547 SH       SOLE    01               1547        0        0
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      225    11725 SH       SOLE    01              10900      700      125
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      219    11400 SH       DEFINED 01              11400        0        0
TEXAS INSTRS INC            COM                 882508104       38      400 SH       SOLE                      400        0        0
TEXAS INSTRS INC            COM                 882508104       57      600 SH       SOLE    01                600        0        0
TEXAS UTILS CO              COM                 882848104      106     3000 SH       SOLE    01               3000        0        0
TEXAS UTILS CO              COM                 882848104        8      250 SH       DEFINED                   250        0        0
TIFFANY & CO NEW                                886547108       98     1100 SH       SOLE    01               1100        0        0
TIME WARNER INC             COM                 887315109       18      250 SH       SOLE    01                250        0        0
TNP ENTERPRISES INC         COM                 872594106       12      300 SH       DEFINED                     0        0      300
TRAVIS BOATS & MTRS INC     COM                 894363100        2      200 SH       SOLE    01                200        0        0
TRIAD HOSPITALS INC         COM                 89579K109        0       65 SH       DEFINED                     0       65        0
TRICON GLOBAL RESTAURANTS   COM                 895953107       54     1400 SH       SOLE    01               1400        0        0
TRICON GLOBAL RESTAURANTS   COM                 895953107       11      300 SH       DEFINED 01                300        0        0
TYCO INTL LTD NEW                               902124106        3      100 SH       SOLE    01                100        0        0
TYCO INTL LTD NEW COM                           902124106       11      300 SH       SOLE                      300        0        0
TYSON FOODS INC             CL A                902494103      251    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       36      505 SH       SOLE    01                505        0        0
UNICOM CORP                 COM                 904911104       16      500 SH       DEFINED                   500        0        0
UNION CARBIDE CORP          COM                 905581104       20      300 SH       SOLE    01                300        0        0
UNION CARBIDE CORP          COM                 905581104       20      300 SH       DEFINED 01                300        0        0
UNION PAC CORP              COM                 907818108       46     1075 SH       SOLE                      950      125        0
UNION PAC CORP              COM                 907818108      172     3950 SH       DEFINED                   150     3800        0
UNION PAC RES GROUP INC     COM                 907834105       41     3218 SH       DEFINED                     0     3218        0
UNISYS CORP                                     909214108       11      360 SH       SOLE                      360        0        0
UNITED ARKANSAS CORPORATION                     907000996        0     1200 SH       DEFINED                     0        0     1200
UNITED AUTO GROUP INC       COM                 909440109       90    10105 SH       SOLE                    10105        0        0
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      844   107363 SH       SOLE                   107363        0        0
USA TRUCK INC               COM                 902925106        4      600 SH       DEFINED                   600        0        0
USX-U S STL                 COM                 90337T101        6      200 SH       DEFINED                   200        0        0
USX-U S STL                 COM                 90337T101       16      500 SH       SOLE                      500        0        0
UTILICORP UTD INC           COM                 918005109       74     3856 SH       SOLE    01               3856        0        0
VLASIC FOODS INTL INC       COM                 928559103        0      100 SH       SOLE    01                100        0        0
VODAFONE AIRTOUCH PUB LTD   COMP ADR            92857T107       23      470 SH       SOLE                      470        0        0
WAL MART STORES INC         COM                 931142103     2398    34700 SH       SOLE                    23200     2500     9000
WAL MART STORES INC         COM                 931142103      522     7560 SH       SOLE    01               7560        0        0
WAL MART STORES INC         COM                 931142103       13      200 SH       DEFINED 01                200        0        0
WAL MART STORES INC         COM                 931142103      375     5433 SH       DEFINED                   753     3000     1680
WALGREEN CO                 COM                 931422109       11      400 SH       SOLE                      400        0        0
WARNER LAMBERT CO           COM                 934488107      766     9355 SH       SOLE    01               9255      100        0
WARNER LAMBERT CO           COM                 934488107     1153    14075 SH       SOLE                    13983       92        0
WARNER LAMBERT CO           COM                 934488107       24      300 SH       DEFINED 01                300        0        0
WASHINGTON MUT INC          COM                 939322103       10      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       40     1000 SH       SOLE    01               1000        0        0
WESTERN RES INC             COM                 959425109        3      200 SH       SOLE                      200        0        0
WEYERHAEUSER CO             COM                 962166104       50      700 SH       SOLE    01                700        0        0
WILLIAMS COS INC DEL        COM                 969457100        9      300 SH       SOLE                      300        0        0
WM WRIGLEY JR COMPANY    COM                    982526105        8      100 SH       SOLE    01                100        0        0
</TABLE>


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