FIRST UNITED BANCSHARES INC /AR/
13F-HR, 2000-07-24
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: June 30, 2000

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     July 20, 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:     590

Form13F Information Table Value Total:     256544


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        5      100 SH       SOLE                      100        0        0
3COM CORP                   COM                 885535104        5      100 SH       SOLE                      100        0        0
3COM CORP                   COM                 885535104       50      875 SH       DEFINED                   875        0        0
ABBOTT LABS                 COM                 002824100      142     3200 SH       SOLE                     3200        0        0
ABBOTT LABS                 COM                 002824100      191     4288 SH       DEFINED                     0     4288        0
ABBOTT LABS                 COM                 002824100      741    16650 SH       SOLE                    16350      300        0
ABBOTT LABS                 COM                 002824100       53     1200 SH       DEFINED                  1200        0        0
ACXIOM CORP                 COM                 005125109        8      300 SH       SOLE                      300        0        0
ADAMS EXPRESS CO            COM                 006212104      245     6649 SH       SOLE                     6649        0        0
ADVANCED MICRO DEVICES                          007903107        7      100 SH       DEFINED                   100        0        0
ADVANCED MICRO DEVICES                          007903107       57      750 SH       SOLE                      750        0        0
ADVANCED MICRO DEVICES                          007903107       71      925 SH       SOLE                      925        0        0
AETNA LIFE AND CASUALTY     COMPANY             008117103       12      200 SH       DEFINED                   200        0        0
AGILENT TECHNOLOGIES                            00846U101      126     1714 SH       SOLE                     1714        0        0
AGILENT TECHNOLOGIES                            00846U101        7      100 SH       DEFINED                   100        0        0
AGILENT TECHNOLOGIES INC                        00846U101       66      900 SH       SOLE                      900        0        0
AIR PRODS & CHEMS INC       COM                 009158106       12      400 SH       DEFINED                   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                      100        0        0
ALLSTATE CORP                                   020002101       18      850 SH       SOLE                      733      117        0
ALLSTATE CORP               COM                 020002101       33     1526 SH       SOLE                     1526        0        0
ALLSTATE CORP               COM                 020002101        4      200 SH       DEFINED                     0        0      200
ALLTEL CORP                 COM                 020039103       46      750 SH       SOLE                      450      200      100
ALLTEL CORP                 COM                 020039103      706    11415 SH       DEFINED                 11415        0        0
ALLTEL CORP                 COM                 020039103      232     3750 SH       SOLE                     3750        0        0
AMEREN CORP                 COM                 023608102       20      600 SH       SOLE                      600        0        0
AMEREN CORP                 COM                 023608102        6      206 SH       SOLE                      206        0        0
AMERICA ONLINE INC                              02364J104        5      100 SH       SOLE                      100        0        0
AMERICA ONLINE INC DEL      COM                 02364J104      102     1950 SH       SOLE                     1950        0        0
AMERICA ONLINE INC DEL      COM                 02364J104       21      400 SH       DEFINED                   400        0        0
AMERICA ONLINE INC DEL      COM                 02364J104       73     1400 SH       SOLE                     1400        0        0
AMERICAN ELEC PWR INC       COM                 025537101       44     1500 SH       SOLE                     1500        0        0
AMERICAN ELEC PWR INC       COM                 025537101        5      180 SH       DEFINED                   180        0        0
AMERICAN ELEC PWR INC       COM                 025537101        7      250 SH       DEFINED                   250        0        0
AMERICAN ELEC PWR INC       COM                 025537101      101     3420 SH       SOLE                     3420        0        0
AMERICAN EXPRESS CO         COM                 025816109       46      900 SH       SOLE                      900        0        0
AMERICAN EXPRESS CO         COM                 025816109       93     1800 SH       SOLE                     1800        0        0
AMERICAN HOME PROD CORP                         026609107       94     1600 SH       SOLE                     1600        0        0
AMERICAN HOME PRODS CORP    COM                 026609107       89     1515 SH       DEFINED                  1515        0        0
AMERICAN HOME PRODS CORP    COM                 026609107      141     2400 SH       SOLE                     2400        0        0
AMERICAN HOMEPATIENT INC                        026649103        7    22450 SH       SOLE                    22450        0        0
AMERICAN INTL GROUP INC     COM                 026874107       11      100 SH       SOLE                      100        0        0
AMGEN INC                   COM                 031162100        7      100 SH       SOLE                      100        0        0
AMGEN INC                   COM                 031162100        7      100 SH       SOLE                      100        0        0
AMSOUTH BANCORPORATION COM                      032165102        6      437 SH       DEFINED                   437        0        0
ANHEUSER BUSCH COS INC      COM                 035229103      967    12960 SH       SOLE                    12800        0      160
ANHEUSER BUSCH COS INC      COM                 035229103      134     1800 SH       DEFINED                  1600        0      200
ANHEUSER BUSCH COS INC      COM                 035229103       97     1300 SH       SOLE                     1300        0        0
APPLE COMPUTER INC          COM                 037833100      115     2200 SH       DEFINED                     0     2200        0
APPLIED MATLS INC           COM                 038222105       18      200 SH       SOLE                      200        0        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        2      254 SH       SOLE                      254        0        0
ARK BUTANE COMMON                               0247959A6        4       18 SH       DEFINED                     0        0       18
ASSOCIATES FIRST CAP CORP    CL A FROM FORD MTR 046008108       33     1500 SH       SOLE                     1500        0        0
ASSOCIATES FIRST CAP CORP   CL A                046008108       10      468 SH       SOLE                      468        0        0
AT HOME CORP                COM SER A           045919107       47     2300 SH       DEFINED                     0     2300        0
AT&T CORP                   COM                 001957109      448    14187 SH       SOLE                    13937      250        0
AT&T CORP                   COM                 001957109        4      150 SH       DEFINED                   150        0        0
AT&T CORP                   COM                 001957109      766    24235 SH       SOLE                    24035      200        0
AT&T CORP                   COM                 001957109        7      250 SH       DEFINED                   250        0        0
AT&T CORP COM                                   001957109       29      925 SH       SOLE                      925        0        0
AUTOMATIC DATA PROCESSING   INC COM             053015103       96     1800 SH       SOLE                     1800        0        0
AUTOMATIC DATA PROCESSING INCOM                 053015103       42      800 SH       SOLE                      800        0        0
AVON PRODS INC              COM                 054303102       44     1000 SH       DEFINED                     0        0     1000
AVON PRODS INC              COM                 054303102       31      700 SH       SOLE                      700        0        0
B. F. GOODRICH                                  382388106       13      400 SH       DEFINED                   400        0        0
BAKER HUGHES INC            COM                 057224107        4      135 SH       SOLE                      135        0        0
BANK OF AMERICA CORP                            060505104      103     2410 SH       DEFINED                  2410        0        0
BANK OF AMERICA CORP                            060505104      863    20070 SH       SOLE                    20070        0        0
BANK OF AMERICA CORP                            060505104       12      300 SH       DEFINED                   300        0        0
BANK OF AMERICA CORP                            060505104       68     1600 SH       SOLE                     1600        0        0
BANK OF THE OZARKS, INC                         063904106      389    23800 SH       DEFINED                     0    23800        0
BANK ONE CORP               COM                 06423A103       64     2420 SH       SOLE                     2420        0        0
BANK ONE CORP               FORMERLY BANC ONE   06423A103       39     1482 SH       DEFINED                     0     1482        0
BAXTER INTERNATIONAL INC                        071813109       84     1200 SH       SOLE                     1200        0        0
BECKMAN COULTER INC COM                         075811109       17      300 SH       SOLE                      300        0        0
BELL ATLANTIC CORP          COM                 077853109      355     6998 SH       SOLE                     6998        0        0
BELL ATLANTIC CORP          COM                 077853109       20      400 SH       DEFINED                   400        0        0
BELL ATLANTIC CORP          COM                 077853109       96     1905 SH       SOLE                     1111      194      600
BELLSOUTH CORP              COM                 079860102      189     4440 SH       SOLE                     4440        0        0
BELLSOUTH CORP                                  079860102      128     3004 SH       SOLE                     3004        0        0
BELLSOUTH CORP              COM                 079860102        8      200 SH       DEFINED                   200        0        0
BELLSOUTH CORP              COM                 079860102      224     5258 SH       SOLE                     5012      246        0
BERKSHIRE HATHAWAY INC COM                      084670108       53        1 SH       SOLE                        1        0        0
BESTFOODS                   COM                 08658U101       34      500 SH       SOLE                      500        0        0
BETHLEHEM STL CORP          PFD CV $2.50        087509402       21     1100 SH       SOLE                     1100        0        0
BIOGEN INC                  COM                 090597105       19      300 SH       SOLE                      300        0        0
BMC SOFTWARE INC            COM                 055921100       18      500 SH       SOLE                      500        0        0
BOEING CO                                       097023105       16      400 SH       SOLE                      400        0        0
BOEING CO                   COM                 097023105      224     5360 SH       SOLE                     5360        0        0
BOEING CO                   COM                 097023105       12      300 SH       DEFINED                   300        0        0
BOEING CO                   COM                 097023105        4      100 SH       DEFINED                   100        0        0
BOEING CO                   COM                 097023105      299     7172 SH       SOLE                     7172        0        0
BOISE CASCADE CORP          COM                 097383103       12      500 SH       SOLE                      500        0        0
BP AMOCO P L C              SPONSORED ADR       055622104      793    14031 SH       SOLE                    14031        0        0
BP AMOCO P L C              SPONSORED ADR       055622104       20      357 SH       SOLE                      357        0        0
BP AMOCO P L C              SPONSORED ADR       055622104        5      100 SH       SOLE                      100        0        0
BP AMOCO P L C              SPONSORED ADR       055622104       37      656 SH       DEFINED                   656        0        0
BP AMOCO P L C              SPONSORED ADR       055622104       52      926 SH       DEFINED                   926        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      410     7050 SH       SOLE                     7050        0        0
BRISTOL MYERS SQUIBB CO                         110122108       69     1200 SH       SOLE                     1200        0        0
BRISTOL MYERS SQUIBB CO     COM                 110122108      163     2800 SH       DEFINED                  2800        0        0
BRISTOL-MEYERS SQUIBB                           110122108      899    15444 SH       SOLE                     8532     6912        0
BRISTOL-MEYERS SQUIBB                           110122108      324     5568 SH       DEFINED                  5568        0        0
BRUNOS INC                                      116881202        0        8 SH       SOLE                        8        0        0
BURLINGTON NORTHERN/SANTA FE CORP               12189T104       21      930 SH       SOLE                      930        0        0
C P & L ENERGY INC          COM                 12614C106        6      200 SH       DEFINED                     0        0      200
CABLE & WIRELESS HKT SPON   ADR                 126828102       48     2249 SH       DEFINED                     0     2249        0
CABLETRON SYS INC           COM                 126920107        5      200 SH       SOLE                      200        0        0
CADBURY SCHWEPPES PLC       ADR                 127209302       31     1200 SH       SOLE                     1200        0        0
CALLAWAY GOLF CO            COM                 131193104        3      200 SH       SOLE                      200        0        0
CAMPBELL SOUP CO            COM                 134429109       11      400 SH       SOLE                      400        0        0
CAPITAL ONE FINL CORP       COM                 14040H105      214     4800 SH       SOLE                     4800        0        0
CARDINAL HEALTH INC         COM                 14149Y108       22      298 SH       SOLE                      298        0        0
CATERPILLAR INC DEL         COM                 149123101       10      300 SH       SOLE                      300        0        0
CATERPILLAR INC DEL         COM                 149123101       74     2200 SH       SOLE                     2200        0        0
CELLSTAR CORP               COM                 150925105        6     2200 SH       SOLE                        0     2200        0
CENTURYTEL INC              COM                 156700106      140     4902 SH       SOLE                        0     4902        0
CHAMPION INTL CORP          COM                 158525105       16      225 SH       SOLE                      225        0        0
CHAMPION INTL CORP          COM                 158525105       18      250 SH       SOLE                      250        0        0
CHASE MANHATTAN BANK                            16161A108       69     1500 SH       SOLE                     1500        0        0
CHEVRON CORP                                    166751107       50      600 SH       SOLE                      600        0        0
CHEVRON CORPORATION         COM                 166751107      301     3554 SH       SOLE                     3354        0      200
CHEVRON CORPORATION         COM                 166751107       42      500 SH       DEFINED                   500        0        0
CHEVRON CORPORATION         COM                 166751107      706     8333 SH       SOLE                     8333        0        0
CHUBB CORPORATION                               171232101      338     5500 SH       SOLE                     5500        0        0
CISCO SYS INC               COM                 17275R102      686    10800 SH       SOLE                    10800        0        0
CISCO SYS INC               COM                 17275R102       66     1040 SH       DEFINED                  1040        0        0
CISCO SYS INC               COM                 17275R102     1944    30595 SH       SOLE                    30095      500        0
CISCO SYS INC               COM                 17275R102       38      600 SH       DEFINED                   600        0        0
CISCO SYSTEMS                                   17275R102        9      150 SH       SOLE                      150        0        0
CITIGROUP INC               COM                 172967101      164     2725 SH       SOLE                     2725        0        0
CITIGROUP INC               COM                 172967101      120     2000 SH       SOLE                     2000        0        0
CITIGROUP INC               COM                 172967101      610    10125 SH       DEFINED                 10125        0        0
CLECO CORP NEW                                  12561W105       20      600 SH       SOLE                      600        0        0
CLECO CORP NEW                                  12561W105        6      200 SH       DEFINED                   200        0        0
COCA COLA CO                COM                 191216100      344     6000 SH       DEFINED                  5950        0       50
COCA COLA CO                COM                 191216100        5      100 SH       DEFINED                   100        0        0
COCA COLA CO                COM                 191216100     1861    32405 SH       SOLE                    31230     1000      175
COCA COLA CO                COM                 191216100      245     4275 SH       SOLE                     4275        0        0
COCA COLA CO COM                                191216100       57     1000 SH       SOLE                     1000        0        0
COCA COLA ENTERPRISES INC   COM                 191219104       39     2400 SH       SOLE                     2400        0        0
COLGATE PALMOLIVE CO        COM                 194162103       35      600 SH       SOLE                      600        0        0
COLGATE PALMOLIVE CO        COM                 194162103       11      200 SH       DEFINED                   200        0        0
COLGATE PALMOLIVE CO        COM                 194162103      306     5125 SH       SOLE                     5125        0        0
COMDISCO INCORPORATED                           200336105        4      200 SH       SOLE                      200        0        0
COMPAQ COMPUTER CORP        COM                 204493100      245     9600 SH       SOLE                     9600        0        0
COMPAQ COMPUTER CORP        COM                 204493100      224     8800 SH       SOLE                     8800        0        0
COMPAQ COMPUTER CORP COM                        204493100       25     1000 SH       SOLE                     1000        0        0
COMPUTER ASSOC INTL INC     COM                 204912109       40      800 SH       SOLE                      800        0        0
COMPUTER SCIENCES CORP                          205363104        7       99 SH       DEFINED                    99        0        0
CONAGRA CAP L C             PFD SER A 9%        20588V208       49     2000 SH       SOLE                     2000        0        0
CONAGRA INC                 COM                 205887102        3      200 SH       DEFINED                   200        0        0
CONAGRA INC                 COM                 205887102       20     1100 SH       SOLE                     1100        0        0
CONECTIV INC                COM                 206829103       10      675 SH       SOLE                      675        0        0
CONOCO INC                  CL A                208251306        2      100 SH       SOLE                      100        0        0
CONOCO INC CL B                                 208251405       19      790 SH       SOLE                      790        0        0
CONSECO INC                 COM                 208464107        5      560 SH       DEFINED                   560        0        0
CONSECO STRATEGIC INC FD    SH BEN INT          20847A102        8      866 SH       SOLE                      866        0        0
CONSOLIDATED EDISON INC COM                     209115104       30     1028 SH       SOLE                      400        0      628
CONSTELLATION ENERGY CORP                       210371100       13      400 SH       DEFINED                   400        0        0
COOPER TIRE & RUBR CO       COM                 216831107       28     2600 SH       SOLE                     2600        0        0
COOPER TIRE & RUBR CO       COM                 216831107        1      100 SH       DEFINED                   100        0        0
CORNING INC                 COM                 219350105      161      600 SH       SOLE                      600        0        0
CROWN CORK & SEAL INC       COM                 228255105        1       87 SH       SOLE                       87        0        0
CSX CORP                    COM                 126408103       12      600 SH       SOLE                      600        0        0
CYRIX CORP CLASS ACTION                         S86584695        0        1 SH       SOLE                        1        0        0
DELL COMPUTER CORP          COM                 247025109       19      400 SH       DEFINED                     0        0      400
DELL COMPUTER CORP          COM                 247025109       34      700 SH       DEFINED                   700        0        0
DELL COMPUTER CORP          COM                 247025109      578    11735 SH       SOLE                    11735        0        0
DELL COMPUTER CORP          COM                 247025109      308     6250 SH       SOLE                     6250        0        0
DELPHI AUTOMOTIVE SYS CORP  COM                 247126105       31     2185 SH       SOLE                     2185        0        0
DELPHI AUTOMOTIVE SYS CORP  COM                 247126105        2      139 SH       SOLE                       93       46        0
DELTIC TIMBER CORP                              247850100       10      500 SH       DEFINED                   500        0        0
DELTIC TIMBER CORP                              247850100       27     1300 SH       SOLE                     1300        0        0
DELTIC TIMBER INC                               247850100    13804   645971 SH       DEFINED                     0   645543      428
DELTIC TIMBER INC                               247850100      397    18586 SH       SOLE                    18586        0        0
DEVRY INC DEL               COM                 251893103       75     2839 SH       SOLE                     2839        0        0
DIAMOND OFFSHORE DRILLING   INC                 25271C102        1       50 SH       SOLE                       50        0        0
DISNEY (WALT) COMPANY HOLDING CO                254687106       87     2250 SH       SOLE                     2250        0        0
DISNEY (WALT) COMPANY HOLDING CO                254687106        7      200 SH       DEFINED                   200        0        0
DOMINION RES INC VA NEW                         25746U109       12      290 SH       SOLE                        0        0      290
DOMINION RES INC VA NEW                         25746U109        1       24 SH       DEFINED                     0        0       24
DOW CHEMICAL CO COM                             260543103       54     1800 SH       SOLE                     1800        0        0
DPL INC                     COM                 233293109       52     2385 SH       SOLE                      900        0     1485
DPL INC                     COM                 233293109        6      300 SH       DEFINED                   300        0        0
DU PONT E I DE NEMOURS & CO COM                 263534109       44     1024 SH       SOLE                     1024        0        0
DUKE ENERGY CORP            COM                 264399106        5      100 SH       DEFINED                   100        0        0
DUKE ENERGY CORP            COM                 264399106       54      970 SH       SOLE                        0        0      970
DUN & BRADSTREET CORP DEL   COM                 26483B106       22      800 SH       SOLE                      800        0        0
DURAMED PHARMACEUTICALS                         266354109        1      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       30      400 SH       DEFINED                   400        0        0
E M C CORP MASS             COM                 268648102       61      800 SH       SOLE                      800        0        0
EASTMAN CHEMICAL COMPANY                        277432100        2       50 SH       SOLE                       50        0        0
EASTMAN KODAK CO            COM                 277461109       23      400 SH       SOLE                      400        0        0
EASTMAN KODAK CO COM                            277461109       23      400 SH       SOLE                      400        0        0
EATON CORP                  COM                 278058102       80     1200 SH       SOLE                     1200        0        0
EATON CORP                  COM                 278058102        6      100 SH       DEFINED                   100        0        0
EATON CORP                  COM                 278058102       56      850 SH       SOLE                      850        0        0
ECHELON CORP                                    27874N105        5      100 SH       SOLE                      100        0        0
EDWARDS LIFESCIENCES CORP                       28176E108        4      240 SH       SOLE                      240        0        0
EEX CORP                    COM NEW             26842V207        0       66 SH       SOLE                       66        0        0
EL PASO ENERGY CORP DEL     COM                 283905107       10      200 SH       DEFINED                     0      200        0
ELAN PLC                    ADR                 284131208        9      200 SH       SOLE                      200        0        0
EMC CORP                                        268648102       15      200 SH       SOLE                      200        0        0
EMERSON ELEC CO             COM                 291011104       30      500 SH       SOLE                      500        0        0
EMERSON ELEC CO             COM                 291011104       30      500 SH       SOLE                      500        0        0
ENCORE WIRE CORP            COM                 292562105      108    20174 SH       SOLE                    20174        0        0
ENERGY EAST CORP            COM                 29266M109        0       28 SH       SOLE                       28        0        0
ENGELHARD CORP              COM                 292845104        4      253 SH       DEFINED                     0      253        0
ENRON CORP                  COM                 293561106       12      200 SH       SOLE                      200        0        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        9      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       89     3300 SH       SOLE                     3300        0        0
ENTERGY CORP NEW            COM                 29364G103       58     2145 SH       SOLE                     2145        0        0
ENTERGY CORP NEW            COM                 29364G103       16      593 SH       DEFINED                   593        0        0
ETHAN ALLEN INTERIORS                           297602104        5      225 SH       DEFINED                   225        0        0
EXODUS COMMUNICATIONS INC   COM                 302088109        4      100 SH       SOLE                      100        0        0
EXXON MOBIL CORP                                30231G102     2932    37353 SH       SOLE                    35585     1104      664
EXXON MOBIL CORP            COM                 30231G102     1701    21670 SH       SOLE                    21670        0        0
EXXON MOBIL CORP                                30231G102      638     8140 SH       DEFINED                  3740     4400        0
EXXON MOBIL CORP                                30231G102       44      562 SH       SOLE                      562        0        0
EXXON MOBIL CORP            COM                 30231G102      292     3730 SH       DEFINED                  3730        0        0
FAIRFIELD CMNTYS INC        COM PAR $0.01       304231301      145    18500 SH       SOLE                    18500        0        0
FEDERAL NATL MTG ASSN       COM                 313586109       15      300 SH       SOLE                      300        0        0
FEDERAL REALTY INVT TR      SH BEN INT NEW      313747206       13      685 SH       SOLE                        0        0      685
FEDERATED HIGH YIELD TR     SH BEN INT          314197104      437    57035 SH       SOLE                    57035        0        0
FEDERATED STK TR            SH BEN INT          31390010R       36     1072 SH       SOLE                     1072        0        0
FEDEX CORPORATION                               31428X106        7      200 SH       SOLE                      200        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        3      200 SH       SOLE                      200        0        0
FIRST UN CORP               COM                 337358105        2      118 SH       DEFINED                   118        0        0
FIRST UN CORP               COM                 337358105       43     1760 SH       SOLE                     1760        0        0
FIRST UNITED BANCHARES INC  (SAFEKEEP ONLY)     33741E10A      634    41831 SH       SOLE                    41831        0        0
FIRST UNITED BANCSHARES INC                     33741E104      360    23777 SH       SOLE                    21027     2400      350
FIRST UNITED BANCSHARES INC                     33741E104       54     3600 SH       DEFINED                  3600        0        0
FIRST UTD BANCSHARES INC ARKCOM                 33741E104    13233   871789 SH       SOLE                   134655   120954   616180
FIRST UTD BANCSHARES INC ARKCOM                 33741E104     2241   147676 SH       DEFINED                139960     2304     5412
FLEETBOSTON FINANCIAL CORP                      339030108       23      700 SH       SOLE                      700        0        0
FLEETBOSTON FINANCIAL CORP                      339030108       44     1301 SH       SOLE                     1301        0        0
FLUOR CORP                  COM                 343861100       12      396 SH       SOLE                      396        0        0
FOAMEX INT'L INC                                344123104      121    20050 SH       SOLE                    20050        0        0
FOGDOG, INC                                     344167101        0      215 SH       SOLE                      215        0        0
FORD MTR CO CAP TR I        TOPRS 9%            345343206       25     1000 SH       SOLE                     1000        0        0
FORD MTR CO DEL             COM                 345370100       77     1800 SH       SOLE                     1800        0        0
FORD MTR CO DEL                                 345370100       28      660 SH       DEFINED                   100        0      560
FORD MTR CO DEL                                 345370100       71     1659 SH       SOLE                     1659        0        0
FPL GROUP INC               COM                 302571104       12      262 SH       SOLE                      262        0        0
FPL GROUP INC COM                               302571104       27      550 SH       SOLE                      550        0        0
FRANKLIN FED TAX FREE INCOMECL A                353519101       12     1058          SOLE                     1058        0        0
GAP INC DEL                 COM                 364760108       46     1500 SH       SOLE                     1500        0        0
GATEWAY INC                 COM                 367626108       22      400 SH       SOLE                      400        0        0
GEMSTAR INTERNATIONAL                           G3788V106       73     1200 SH       SOLE                     1200        0        0
GENERAL ELEC CO             COM                 369604103      942    17786 SH       SOLE                    17786        0        0
GENERAL ELEC CO             COM                 369604103      233     4400 SH       DEFINED                  4400        0        0
GENERAL ELEC CO             COM                 369604103     2389    45090 SH       SOLE                    44640      450        0
GENERAL ELECTRIC CO                             369604103       76     1449 SH       SOLE                     1449        0        0
GENERAL MLS INC             COM                 370334104       27      720 SH       SOLE                      720        0        0
GENERAL MLS INC             COM                 370334104        0       20 SH       DEFINED                     0        0       20
GENERAL MTRS CORP           COM                 370442105       11      200 SH       SOLE                      200        0        0
GENERAL MTRS CORP           COM                 370442105       11      200 SH       SOLE                      134       66        0
GENOME THERAPEUTICS CORP    COM                 372430108       30     1000 SH       SOLE                     1000        0        0
GENUINE PARTS CO                                372460105       18      900 SH       SOLE                      900        0        0
GENUS INC                   COM                 372461103       20     2500 SH       DEFINED                  2500        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702        7      360 SH       SOLE                      360        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108       32     1220 SH       SOLE                     1220        0        0
GEORGIA PAC CORP            COM GA PAC GRP      373298108       23      900 SH       SOLE                      900        0        0
GEORGIA PAC CORP            COM-TIMBER GRP      373298702        1       50 SH       SOLE                       50        0        0
GERON CORP                  COM                 374163103        9      300 SH       SOLE                      300        0        0
GILLETTE CO                 COM                 375766102       87     2500 SH       SOLE                     2500        0        0
GILLETTE CO                 COM                 375766102      107     3085 SH       DEFINED                   150     2935        0
GILLETTE CO                 COM                 375766102       74     2130 SH       SOLE                     2130        0        0
GILLETTE CO                 COM                 375766102       13      400 SH       DEFINED                   400        0        0
GLAXO WELLCOME PLC          SPONSORED ADR       37733W105       17      300 SH       SOLE                      300        0        0
GOODYEAR TIRE & RUBBER      COMPANY COM         382550101       22     1100 SH       SOLE                     1100        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101        1       92 SH       SOLE                       92        0        0
GOODYEAR TIRE & RUBR CO     COM                 382550101       10      526 SH       SOLE                      526        0        0
GPU INC                                         36225X100       10      400 SH       SOLE                      400        0        0
GREAT LAKES CHEM CORP       COM                 390568103       56     1785 SH       DEFINED                     0     1785        0
GREAT LAKES CHEMICAL CORP                       390568103        6      200 SH       SOLE                      200        0        0
GTE CORP                    COM                 362320103       87     1400 SH       DEFINED                  1400        0        0
GTE CORP                    COM                 362320103      641    10300 SH       SOLE                    10300        0        0
GTE CORP                    COM                 362320103      257     4140 SH       SOLE                     3140        0     1000
GTE CORP CLASS ACTION                           S86555711        0        1 SH       SOLE                        1        0        0
GUARANTY BANCSHARES INC TEX COM                 400764106        2      200 SH       SOLE                        0        0      200
GUIDANT CORP                COM                 401698105      267     5400 SH       SOLE                     5400        0        0
HALLIBURTON CO              COM                 406216101        2       50 SH       SOLE                       50        0        0
HALLIBURTON CO              COM                 406216101       28      600 SH       DEFINED                   600        0        0
HARRIS CORP DEL             COM                 413875105        3       94 SH       SOLE                       94        0        0
HATTERAS INCOME SECS INC    COM                 419025101        2      200 SH       SOLE                      200        0        0
HCA-HEALTHCARE CO           COM                 404119109       37     1250 SH       DEFINED                     0     1250        0
HEINZ H J CO COM                                423074103       19      450 SH       SOLE                      450        0        0
HEWLETT PACKARD CO          COM                 428236103      327     2625 SH       SOLE                     2625        0        0
HEWLETT PACKARD CO          COM                 428236103       24      200 SH       DEFINED                   200        0        0
HEWLETT PACKARD CO          COM                 428236103      293     2350 SH       SOLE                     2350        0        0
HIBERNIA CORP                                   428656102     4640   426916 SH       SOLE                   426916        0        0
HIBERNIA CORP                                   428656102        9      900 SH       DEFINED                   900        0        0
HIGHLANDS INS GROUP                             431032101      112    12000 SH       SOLE                    12000        0        0
HOME DEPOT INC                                  437076102        4      100 SH       SOLE                      100        0        0
HOME DEPOT INC              COM                 437076102      207     4150 SH       SOLE                     1900        0     2250
HOME DEPOT INC              COM                 437076102        7      150 SH       DEFINED                   150        0        0
HOME DEPOT INC              COM                 437076102      425     8525 SH       SOLE                     4475     4050        0
HOMEFED CORP COM  NEW                           43739D208        2     4028 SH       DEFINED                     0     4028        0
HONEYWELL INTL INC                              438516106        8      250 SH       SOLE                      250        0        0
HONEYWELL INTL INC COM                          438516106      134     4000 SH       SOLE                     4000        0        0
HOPEWELL HLDGS LTD          SPONSORED ADR       439555301        5    14600 SH       DEFINED                     0    14600        0
HUBBELL INC                 CL B                443510201       25     1000 SH       SOLE                     1000        0        0
ICN PHARMACEUTICALS INC NEW COM                 448924100       14      525 SH       SOLE                      525        0        0
ICOS CORP                   COM                 449295104       13      300 SH       SOLE                      300        0        0
INGERSOLL-RAND CO           COM                 456866102        4      100 SH       DEFINED                   100        0        0
INGERSOLL-RAND CO           COM                 456866102       64     1600 SH       SOLE                     1150      450        0
INGERSOLL-RAND CO COM                           456866102       30      750 SH       SOLE                      750        0        0
INTEL CORP                  COM                 458140100     1572    11760 SH       SOLE                    11660      100        0
INTEL CORP                  COM                 458140100      280     2100 SH       DEFINED                  2100        0        0
INTEL CORP                  COM                 458140100     1236     9250 SH       SOLE                     8450        0      800
INTEL CORP                  COM                 458140100       15      115 SH       DEFINED                   115        0        0
INTEL CORPORATION                               458140100       13      100 SH       SOLE                      100        0        0
INTERNATIONAL BUSINESS MACHS                    459200101     1559    14235 SH       SOLE                    14135      100        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101      231     2112 SH       DEFINED                     0     2112        0
INTERNATIONAL BUSINESS MACHSCOM                 459200101     1440    13152 SH       SOLE                    13052      100        0
INTERNATIONAL FIBERCOM INC  COM                 45950T101       12      500 SH       SOLE                      500        0        0
INTERNATIONAL FLAVORS AND FRAGRANCES            459506101       10      350 SH       SOLE                      350        0        0
INTL PAPER CO               COM                 460146103       64     2163 SH       SOLE                     2163        0        0
INTL PAPER CO               COM                 460146103        7      250 SH       SOLE                      250        0        0
INTL PAPER CO               COM                 460146103        5      200 SH       DEFINED                   200        0        0
INTL PAPER CO               COM                 460146103       37     1250 SH       DEFINED                   150     1100        0
IOMEGA CORP                 COM                 462030107       40    10000 SH       DEFINED                 10000        0        0
IPALCO ENTERPRISES INC      COM                 462613100       12      600 SH       SOLE                      600        0        0
IRWIN FINL CORP             COM                 464119106       25     1800 SH       SOLE                     1800        0        0
JDS UNIPHASE CORP           COM                 46612J101       21      180 SH       SOLE                      180        0        0
JEFFERSON PILOT CORPORATION                     475070108       16      300 SH       DEFINED                   300        0        0
JOHNS MANVILLE CORP                             478129109        3      292 SH       SOLE                        0      292        0
JOHNSON & JOHNSON           COM                 478160104      193     1900 SH       SOLE                     1900        0        0
JOHNSON & JOHNSON           COM                 478160104      183     1800 SH       DEFINED                  1700        0      100
JOHNSON & JOHNSON           COM                 478160104     2278    22370 SH       SOLE                    22370        0        0
JOHNSON & JOHNSON           COM                 478160104      101     1000 SH       DEFINED                   100      600      300
JONES PHARMA INC            COM                 480236108       11      300 SH       SOLE                      300        0        0
KANSAS CITY PWR & LT CO     COM                 485134100       22     1000 SH       SOLE                        0        0     1000
KEANE INC                                       486665102        4      200 SH       SOLE                      200        0        0
KERR-MCGEE CORPORATION INC                      492386107        1       25 SH       SOLE                       25        0        0
KIMBERLY CLARK CORP         COM                 494368103       11      200 SH       SOLE                      200        0        0
KIMBERLY CLARK CORP         COM                 494368103        5      100 SH       SOLE                      100        0        0
KNIGHT TRADING GROUP INC                        499063105        8      300 SH       SOLE                      300        0        0
LACLEDE GAS CO              COM                 505588103       17      900 SH       DEFINED                   900        0        0
LACLEDE GAS CO              COM                 505588103        5      300 SH       SOLE                      300        0        0
LANIER WORLDWIDE INC                            51589L105        0       94 SH       SOLE                       94        0        0
LENNOX INTL INC             COM                 526107107        6      500 SH       SOLE                      500        0        0
LG&E ENERGY CORP            COM                 501917108       39     1670 SH       SOLE                        0     1670        0
LIFEPOINT HOSPITALS INC     COM                 53219L109        1       65 SH       DEFINED                     0       65        0
LILLY ELI & CO              COM                 532457108       69      700 SH       DEFINED                   700        0        0
LILLY ELI & CO              COM                 532457108      524     5250 SH       SOLE                     5250        0        0
LILLY ELI & CO              COM                 532457108      419     4200 SH       SOLE                     4200        0        0
LIQUID AUDIO INC                                53631T102        0       25 SH       SOLE                       25        0        0
LOUISIANA PAC CORP          COM                 546347105       11     1016 SH       SOLE                     1016        0        0
LTV CORP                    *W EXP 06/28/1998   501921126        0        1 SH       SOLE                        1        0        0
LTV CORP 1.25 SERIES                            502210800        0       14 SH       SOLE                       14        0        0
LUBRIZOL CORP NEW                               549271104       16      800 SH       SOLE                      800        0        0
LUCENT TECHNOLOGIES                             549463107        5      100 SH       SOLE                      100        0        0
LUCENT TECHNOLOGIES INC     COM                 549463107       97     1650 SH       DEFINED                  1650        0        0
LUCENT TECHNOLOGIES INC     COM                 549463107      807    13634 SH       SOLE                    13434      200        0
LUCENT TECHNOLOGIES INC     COM                 549463107     1603    27070 SH       SOLE                    26870      200        0
MCDONALDS CORP              COM                 580135101       19      600 SH       SOLE                      600        0        0
MCDONALDS CORP              COM                 580135101       19      600 SH       DEFINED                   600        0        0
MCDONALDS CORP              COM                 580135101       13      400 SH       SOLE                      400        0        0
MCDONALDS CORP COM                              580135101       39     1200 SH       SOLE                     1200        0        0
MCKESSON HBOC INC           COM                 58155Q103        4      200 SH       SOLE                      200        0        0
MEDIAONE GROUP STOCK ELECTION "B"               584STK974        0      164 SH       SOLE                      109       55        0
MEDTRONIC INC               COM                 585055106       44      900 SH       SOLE                      900        0        0
MELLON FINL CORP                                58551A108        7      200 SH       SOLE                      200        0        0
MELLON FINL CORP            COM                 58551A108       29      800 SH       SOLE                      800        0        0
MERCK & CO INC              COM                 589331107     1886    24625 SH       SOLE                    24375      250        0
MERCK & CO INC              COM                 589331107      157     2050 SH       DEFINED                  1650        0      400
MERCK & CO INC              COM                 589331107      679     8862 SH       SOLE                     8862        0        0
MERCK & CO INC              COM                 589331107       15      200 SH       DEFINED                   200        0        0
MERCK CO INC                                    589331107      114     1500 SH       SOLE                     1500        0        0
MERITOR AUTOMOTIVE INC      COM                 59000G100        1      166 SH       SOLE                      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       15     2536 SH       SOLE                     2536        0        0
MESA OFFSHORE TR            UNIT BEN INT        590650107        0     2000 SH       SOLE                     2000        0        0
METLIFE INC                 COM                 59156R108        4      210 SH       SOLE                      210        0        0
MFS INTER INCOME TR         SH BEN INT          55273C107       19     3100 SH       SOLE                     3100        0        0
MGIC INVT CORP WIS          COM                 552848103       22      500 SH       SOLE                      500        0        0
MICROSOFT CORP                                  594918104        8      100 SH       SOLE                      100        0        0
MICROSOFT CORP              COM                 594918104      618     7725 SH       SOLE                     7725        0        0
MICROSOFT CORPORATION                           594918104      812    10160 SH       SOLE                    10060      100        0
MICROSOFT CORPORATION                           594918104       32      400 SH       DEFINED                   400        0        0
MINNESOTA MNG & MFG CO      COM                 604059105       57      700 SH       SOLE                      700        0        0
MISSISSIPPI CHEMICAL                            598001998        0        2 SH       SOLE                        2        0        0
MORGAN STANLEY DEAN WITTER & CO                 617446448       50      612 SH       SOLE                      612        0        0
MORRISON MGMT SPECIALIST    INC                 618459101        1       65 SH       DEFINED                    65        0        0
MOTOROLA INC                                    620076109       22      780 SH       DEFINED                   780        0        0
MOTOROLA INC                                    620076109        6      225 SH       SOLE                      225        0        0
MOTOROLA INC                                    620076109      319    11000 SH       SOLE                    11000        0        0
MOTOROLA INCORPORATED    COM                    620076109        8      300 SH       DEFINED                   300        0        0
MOTOROLA INCORPORATED    COM                    620076109      223     7705 SH       SOLE                     7705        0        0
MURPHY OIL CORP             COM                 626717102   143122  2408253 SH       DEFINED                     0  2408253        0
MURPHY OIL CORP             COM                 626717102     4085    68743 SH       SOLE                    68743        0        0
NEWMONT MINING CORP         COM                 651639106        4      193 SH       SOLE                      193        0        0
NICOR INC                   COM                 654086107       26      800 SH       SOLE                      800        0        0
NIKE INC                    CL B                654106103       27      700 SH       SOLE                      700        0        0
NIKE INC CL B               CL B                654106103        3      100 SH       SOLE                      100        0        0
NOBLE AFFILIATES INC        COM                 654894104       80     2160 SH       SOLE                     2160        0        0
NOBLE DRILLING CORP         COM                 655042109       32      792 SH       SOLE                      792        0        0
NOKIA                                           654902204       39      800 SH       SOLE                      800        0        0
NORTHERN STATES POWER                           665772109       40     2000 SH       SOLE                     2000        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104      260     4000 SH       DEFINED                  4000        0        0
NORTHERN TRUST COMPANY  NTRS                    665859104      115     1780 SH       SOLE                     1780        0        0
NORTHROP GRUMMAN CORP                           666807102        3       55 SH       SOLE                       55        0        0
OCCIDENTAL PETE CORP DEL    COM                 674599105       27     1303 SH       SOLE                      803      500        0
OKLAHOMA GAS & ELEC CO      COM                 670837103       84     4556 SH       SOLE                     1700        0     2856
OKLAHOMA GAS & ELEC CO      COM                 670837103       12      700 SH       DEFINED                   700        0        0
OLIN CORP                   COM PAR $1          680665205       13      808 SH       SOLE                        0      808        0
ORACLE CORP                 COM                 68389X105       84     1000 SH       DEFINED                  1000        0        0
ORACLE CORP                 COM                 68389X105      420     5000 SH       SOLE                     5000        0        0
ORACLE CORP                 COM                 68389X105      298     3550 SH       SOLE                     3550        0        0
PACTIV CORP                                     695257105        1      200 SH       DEFINED                   200        0        0
PACTIV CORP                                     695257105        3      500 SH       SOLE                      500        0        0
PENNEY J C INC              COM                 708160106       14      782 SH       SOLE                      782        0        0
PEOPLES ENERGY CORP         COM                 711030106       16      500 SH       DEFINED                   500        0        0
PEOPLES ENERGY CORP         COM                 711030106        6      200 SH       SOLE                      200        0        0
PEOPLESOFT INC              COM                 712713106        5      300 SH       SOLE                      300        0        0
PEPSICO INC                 COM                 713448108       88     2000 SH       SOLE                     1867      133        0
PEPSICO INC                 COM                 713448108       48     1100 SH       DEFINED                     0     1100        0
PEPSICO INC                 COM                 713448108      470    10600 SH       SOLE                     9400     1200        0
PEPSICO INC                 COM                 713448108       71     1600 SH       DEFINED                  1600        0        0
PFIZER INC                  COM                 717081103     1069    22274 SH       SOLE                    22274        0        0
PFIZER INC                  COM                 717081103       39      825 SH       DEFINED                   825        0        0
PFIZER INC                  COM                 717081103      759    15824 SH       SOLE                    15549      275        0
PG&E CORP                   COM                 69331C108        6      250 SH       DEFINED                   250        0        0
PHARMACIA CORP              COM                 71713U102     1067    20660 SH       SOLE                    16860     3800        0
PHARMACIA CORP              COM                 71713U102       71     1380 SH       DEFINED                   880      500        0
PHELPS DODGE CORP           COM                 717265102        0       20 SH       SOLE                       20        0        0
PHILIP MORRIS CO INC                            718154107       23      900 SH       SOLE                      900        0        0
PHILIP MORRIS COS INC       COM                 718154107        1       75 SH       SOLE                       75        0        0
PHILLIPS PETROLEUM CO COM                       718507106        5      100 SH       SOLE                      100        0        0
PITNEY BOWES INC            COM                 724479100        2       72 SH       SOLE                       72        0        0
POTLATCH CORP  PCH                              737628107        4      150 SH       SOLE                      150        0        0
POTOMAC ELEC PWR CO         COM                 737679100        5      200 SH       SOLE                      200        0        0
POTOMAC ELECTRIC POWER                          737679100        6      270 SH       SOLE                      270        0        0
PPG INDUSTRIES INC                              693506107       35      800 SH       SOLE                      800        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       11      300 SH       DEFINED                   300        0        0
PRIMEX TECHNOLOGIES INC     COM                 741597108       16      760 SH       SOLE                        0      760        0
PRISON REALTY TRUST                             74264N105        9     3000 SH       SOLE                     3000        0        0
PROCTER & GAMBLE CO         COM                 742718109      181     3170 SH       SOLE                     2920      250        0
PROCTER & GAMBLE CO         COM                 742718109      186     3250 SH       DEFINED                  3250        0        0
PROCTER & GAMBLE CO         COM                 742718109       36      640 SH       DEFINED                     0      640        0
PROCTER & GAMBLE CO         COM                 742718109       74     1300 SH       SOLE                     1300        0        0
PROCTOR & GAMBLE CO COM                         742718109       57     1000 SH       SOLE                     1000        0        0
PUBLIC SVC ENTERPRISE GROUP COM                 744573106       34     1000 SH       SOLE                     1000        0        0
QUAKER OATS CO COM                              747402105       60      800 SH       SOLE                      800        0        0
QUALCOM INC                                     747525103       12      200 SH       SOLE                      200        0        0
QUALCOMM INC                                    747525103        7      120 SH       SOLE                      120        0        0
RALCORP HLDGS INC NEW       COM                 751028101        0       66 SH       DEFINED                     0        0       66
RALSTON PURINA CO           COM RAL-PUR GP      751277302       12      609 SH       DEFINED                     0        0      609
RAYTHEON CO                 CL B                755111408        3      200 SH       SOLE                      200        0        0
RAYTHEON CO CL B                                755111408       19     1000 SH       SOLE                     1000        0        0
REGIONS FINANCIAL                               758940100       35     1786 SH       DEFINED                     0     1786        0
REGIONS FINANCIAL                               758940100        6      350 SH       SOLE                      350        0        0
REGIONS FINL CORP           COM                 758940100      284    14311 SH       SOLE                    14311        0        0
RELIANT ENERGY INC          COM                 75952J108       24      824 SH       DEFINED                   824        0        0
RELIANT ENERGY INC          COM                 75952J108       50     1700 SH       SOLE                      500     1200        0
RELIANT ENERGY INC          COM                 75952J108       93     3173 SH       SOLE                     3173        0        0
RELIANT ENERGY INC          COM                 75952J108      131     4461 SH       DEFINED                  4123      338        0
ROHM & HAAS CO              COM                 775371107        6      200 SH       SOLE                      200        0        0
ROUSE CO                    COM                 779273101        2      100 SH       SOLE                      100        0        0
ROYAL DUTCH PETE CO         NY REG GLD1.25      780257804       73     1200 SH       SOLE                     1200        0        0
RUBY TUESDAY INC                                781182100       15     1260 SH       DEFINED                  1260        0        0
SAFECO CORP                 COM                 786429100       19     1000 SH       SOLE                     1000        0        0
SARA LEE CORP               COM                 803111103       15      800 SH       SOLE                      800        0        0
SBC COMMUNICATIONS INC      COM                 78387G103      229     5300 SH       SOLE                     5300        0        0
SBC COMMUNICATIONS INC      COM                 78387G103     1054    24383 SH       SOLE                    23926      457        0
SBC COMMUNICATIONS INC                          78387G103       73     1700 SH       SOLE                     1700        0        0
SBC COMMUNICATIONS INC      COM                 78387G103       25      600 SH       DEFINED                   600        0        0
SCHERING PLOUGH CORP        COM                 806605101       90     1800 SH       SOLE                     1800        0        0
SCHERING PLOUGH CORP        COM                 806605101      121     2400 SH       DEFINED                  2400        0        0
SCHERING PLOUGH CORP        COM                 806605101       10      200 SH       SOLE                      200        0        0
SCHERING PLOUGH CORP        COM                 806605101     1065    21100 SH       DEFINED                   100    21000        0
SCHLUMBERGER LTD            COM                 806857108       63      850 SH       SOLE                      850        0        0
SCHLUMBERGER LTD            COM                 806857108       22      300 SH       SOLE                      300        0        0
SCUDDER GLOBAL DISCOVERY FD                     378947501       20      544 SH       SOLE                      544        0        0
SEAGATE TECHNOLOGY          COM                 811804103       55     1000 SH       SOLE                     1000        0        0
SEARS ROEBUCK & CO          COM                 812387108       19      592 SH       SOLE                      592        0        0
SEMPRA ENERGY               COM                 816851109        5      300 SH       SOLE                      300        0        0
SEMPRA ENERGY AKA ENOVA CORP                    816851109        3      200 SH       SOLE                      200        0        0
SEMPRA ENERGY COM                               816851109        2      150 SH       SOLE                      150        0        0
SERVICEMASTER CO                                81760N109        9      800 SH       SOLE                      800        0        0
SHERWIN WILLIAMS CO COM                         824348106       23     1100 SH       SOLE                     1100        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200        5      250 SH       DEFINED                   250        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200      284    12700 SH       SOLE                    12700        0        0
SIMMONS 1ST NATL CORP       CL A $5 PAR         828730200       54     2423 SH       SOLE                     2423        0        0
SMACKOVER BANCSHARES INC                        812004992        0      673 SH       SOLE                      673        0        0
SOLUTIA INC                 COM                 834376105       68     4948 SH       SOLE                     3794     1154        0
SOLUTIA INC                 COM                 834376105        1      100 SH       DEFINED                     0      100        0
SONIC CORP                  COM                 835451105      151     5150 SH       DEFINED                  5150        0        0
SONY CORP                                       835699307       94     1000 SH       DEFINED                     0     1000        0
SOUTHERN CO                 COM                 842587107       13      600 SH       SOLE                        0        0      600
SOUTHERN CO                 COM                 842587107       76     3300 SH       DEFINED                  3300        0        0
SOUTHERN CO                 COM                 842587107       11      500 SH       SOLE                      500        0        0
SPACELABS MED INC           COM                 846247104        0       72 SH       SOLE                        0       72        0
ST JUDE MED INC             COM                 790849103        9      200 SH       SOLE                      200        0        0
ST PAUL COMPANIES INC       COMMON STOCK        792860108       31      914 SH       SOLE                      914        0        0
STAFFMARK INC               COM                 852389105        6     1000 SH       DEFINED                  1000        0        0
SUN MICROSYSTEMS INC        COM                 866810104       45      500 SH       SOLE                      500        0        0
SUNOCO INC                  COM                 86764P109       20      700 SH       SOLE                      700        0        0
SUNOCO INC                  COM                 86764P109       47     1628 SH       SOLE                     1628        0        0
SYNOPSYS INC                COM                 871607107        6      200 SH       SOLE                      200        0        0
SYSCO CORP                                      871829107       84     2000 SH       SOLE                     2000        0        0
TAIWAN SEMICONDUCTOR MFG    CO SP ADR           874039100        8      228 SH       SOLE                      228        0        0
TARGET CORP                                     87612E106       11      200 SH       SOLE                      200        0        0
TECO ENERGY INC             COM                 872375100        6      300 SH       SOLE                      300        0        0
TECO ENERGY INC             COM                 872375100       16      800 SH       DEFINED                   800        0        0
TELLABS INC                 COM                 879664100       61      900 SH       SOLE                      900        0        0
TELOCITY INC                COM                 87971D103        4     1000 SH       SOLE                     1000        0        0
TEMPLE INLAND INC           COM                 879868107       16      400 SH       SOLE                      400        0        0
TENNECO AUTOMOTIVE INC      USD                 880349105        0       80 SH       SOLE                       80        0        0
TEXACO INC                  COM                 881694103       82     1547 SH       SOLE                     1547        0        0
TEXACO INC                  COM                 881694103       26      500 SH       SOLE                      500        0        0
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      195     8725 SH       SOLE                     7900      700      125
TEXARKANA FIRST FINANCIAL CORPORATION        COM881801104      255    11400 SH       DEFINED                 11400        0        0
TEXAS BIOTECHNOLOGY CORP                        88221T104        1      100 SH       SOLE                      100        0        0
TEXAS INSTRS INC            COM                 882508104       54      800 SH       SOLE                      800        0        0
TEXAS INSTRS INC            COM                 882508104       82     1200 SH       SOLE                     1200        0        0
TIFFANY & CO NEW                                886547108       74     1100 SH       SOLE                     1100        0        0
TIME WARNER INC             COM                 887315109       19      250 SH       SOLE                      250        0        0
TRANS-GULF PETROLEUM CORP    LA CLOSELY HELD    858001993        0       10 SH       SOLE                       10        0        0
TRANSOCEAN SEDCO FOREX INC                      G90078109        4       77 SH       DEFINED                    77        0        0
TRANSOCEAN SEDCO FOREX INC                      G90078109       64     1200 SH       SOLE                     1200        0        0
TRAVIS BOATS & MTRS INC     COM                 894363100        1      200 SH       SOLE                      200        0        0
TRIAD HOSPITALS INC         COM                 89579K109        1       65 SH       DEFINED                     0       65        0
TRICON GLOBAL RESTAURANTS   COM                 895953107       39     1400 SH       SOLE                     1400        0        0
TRICON GLOBAL RESTAURANTS   COM                 895953107        8      300 SH       DEFINED                   300        0        0
TXU CORP                                        873168108       88     3000 SH       SOLE                     3000        0        0
TXU CORP                                        873168108        7      250 SH       DEFINED                   250        0        0
TYCO INTL LTD                                   902124106       61     1308 SH       SOLE                     1308        0        0
TYCO INTL LTD NEW                               902124106        4      100 SH       SOLE                      100        0        0
TYCO INTL LTD NEW COM                           902124106       14      300 SH       SOLE                      300        0        0
TYSON FOODS INC             CL A                902494103      135    15450 SH       DEFINED                 15000        0      450
TYSON FOODS INC             CL A                902494103        6      750 SH       SOLE                      750        0        0
U S G CORP                  COM NEW             903293405        9      300 SH       SOLE                        0      300        0
U S WEST INC NEW            COM                 91273H101       43      505 SH       SOLE                      505        0        0
UNICOM CORP                 COM                 904911104       19      500 SH       DEFINED                   500        0        0
UNION CARBIDE CORP          COM                 905581104       14      300 SH       SOLE                      300        0        0
UNION CARBIDE CORP          COM                 905581104       14      300 SH       DEFINED                   300        0        0
UNION PAC CORP              COM                 907818108      146     3950 SH       DEFINED                   150     3800        0
UNION PAC CORP              COM                 907818108       25      693 SH       SOLE                      568      125        0
UNION PAC RES GROUP INC     COM                 907834105       70     3218 SH       DEFINED                     0     3218        0
UNISYS CORP                                     909214108        7      540 SH       SOLE                      540        0        0
UNITED ARKANSAS CORPORATION                     907000996        0     1200 SH       DEFINED                     0        0     1200
UNITED AUTO GROUP INC       COM                 909440109       92    10105 SH       SOLE                    10105        0        0
UNOCAL CORP COM                                 915289102        3      100 SH       SOLE                      100        0        0
US WEST COM NEW             EXCHG FROM 91288910291273H101        0        4 SH       SOLE                        4        0        0
USA TRUCK INC               COM                 902925106      632   107774 SH       SOLE                   107774        0        0
USX-U S STL                 COM                 90337T101        3      200 SH       DEFINED                   200        0        0
USX-U S STL                 COM                 90337T101        9      500 SH       SOLE                      500        0        0
UTILICORP UTD INC           COM                 918005109       76     3856 SH       SOLE                     3856        0        0
VIALINK CO                  COM                 92552Q101        0       50 SH       SOLE                       50        0        0
VIROPHARMA, INC                                 928241108        1      100 SH       SOLE                      100        0        0
VLASIC FOODS INTL INC       COM                 928559103        0      100 SH       SOLE                      100        0        0
VODAFONE AIRTOUCH PUB LTD   COMP ADR            92857T107       19      470 SH       SOLE                      335      135        0
WAL MART STORES INC                             931142103      161     2800 SH       SOLE                     2800        0        0
WAL MART STORES INC         COM                 931142103     2028    35200 SH       SOLE                    23700     2500     9000
WAL MART STORES INC         COM                 931142103      313     5433 SH       DEFINED                   753     3000     1680
WAL MART STORES INC         COM                 931142103       11      200 SH       DEFINED                   200        0        0
WAL MART STORES INC         COM                 931142103      475     8260 SH       SOLE                     8260        0        0
WALMART DE MEXICO S A DE CV  B SER              93114W206        1      558 SH       SOLE                      558        0        0
WALSH HEALTH CARE SOLUTIONS INC                 937001998        0        3 SH       SOLE                        3        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        7      200 SH       SOLE                      200        0        0
WELLS FARGO & CO NEW        COM                 949746101       38     1000 SH       SOLE                     1000        0        0
WESTERN RES INC             COM                 959425109        3      200 SH       SOLE                      200        0        0
WEYERHAEUSER CO             COM                 962166104       21      500 SH       SOLE                      500        0        0
WILLIAMS COS INC DEL        COM                 969457100       12      300 SH       SOLE                      300        0        0
WM WRIGLEY JR COMPANY    COM                    982526105        8      100 SH       SOLE                      100        0        0
WORLDCOM INC GA NEW COM                         98157D106        4      100 SH       SOLE                      100        0        0
WORLDCOM INC GA NEW COM                         98157D106      193     4210 SH       SOLE                     4210        0        0
WORLDCOM INC GA NEW COM                         98157D106      339     7400 SH       SOLE                     7400        0        0
WORLDCOM INC GA NEW COM                         98157D106       27      600 SH       DEFINED                   300        0      300
</TABLE>


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