FIRST TENNESSEE NATIONAL CORP
13F-HR, 1999-05-04
NATIONAL COMMERCIAL BANKS
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<TABLE>                                                 <C>           <C>
                                                        
1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     1 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 DAIMLERCHRYSLER AG             ORD            D1668R123     230,749       2,689  X          1              2689         0         0
                                                         -----------   ---------
                                                             230,749       2,689

 LORAL SPACE & COMMUNICATIONS   COM            G56462107     386,912      26,800  X          1             26400       400         0
                                                              31,762       2,200      X   X  1              2200         0         0
                                                         -----------   ---------
                                                             418,674      29,000

 XL CAP LTD                     CL A           G98255105   2,758,662      45,410  X          1             44510       500       400
                                                             899,101      14,800      X   X  1             11370      3330       100
                                                         -----------   ---------
                                                           3,657,763      60,210

 AMR CORP                       COM            001765106     281,096       4,800  X          1              4800         0         0
                                                              46,849         800      X   X  1                 0       800         0
                                                         -----------   ---------
                                                             327,945       5,600

 AT&T CORP                      COM            001957109   4,904,678      61,453  X          1             58628      2175       650
                                                           1,909,339      23,923      X   X  1             12400     11153       370
                                                              11,972         150  X          2               150         0         0
                                                         -----------   ---------
                                                           6,825,989      85,526

 AT&T CORP                      COM LIB GRP A  001957208       1,420          27  X          1                27         0         0
                                                             305,022       5,800      X   X  1              5800         0         0
                                                         -----------   ---------
                                                             306,442       5,827

 ABBOTT LABS                    COM            002824100  10,810,393     230,932  X          1            226482      3350      1100
                                                           5,491,521     117,310      X   X  1             63160     54150         0
                                                              14,044         300  X          2               300         0         0
                                                         -----------   ---------
                                                          16,315,958     348,542

 ADAMS EXPRESS CO               COM            006212104      74,513       2,747  X          1              2747         0         0
                                                             561,813      20,712      X   X  1              8861     11851         0
                                                         -----------   ---------
                                                             636,326      23,459

                COLUMN TOTAL                              28,719,846









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     2 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 ADVANCED MED INC               SB DB CV 7.25% 00754CAA9      41,400      50,000  X          1             50000         0         0
                                                         -----------   ---------
                                                              41,400      50,000

 AEGON N V                      SPONSORED ADR  007924103     850,757       9,466  X          1              9466         0         0
                                                         -----------   ---------
                                                             850,757       9,466

 AETNA INC                      COM            008117103     267,675       3,225  X          1              3225         0         0
                                                              99,600       1,200      X   X  1               900       300         0
                                                         -----------   ---------
                                                             367,275       4,425

 AIR PRODS & CHEMS INC          COM            009158106     694,420      20,275  X          1             20075       200         0
                                                             250,025       7,300      X   X  1               400      6900         0
                                                         -----------   ---------
                                                             944,445      27,575

 AIRTOUCH COMMUNICATIONS INC    COM            00949T100  16,089,548     166,515  X          1            163595       920      2000
                                                           5,883,795      60,893      X   X  1             28849     32044         0
                                                         -----------   ---------
                                                          21,973,343     227,408

 ALBERTO CULVER CO              CL A           013068200   2,123,939      99,950  X          1             99150       400       400
                                                             766,595      36,075      X   X  1             10075     26000         0
                                                         -----------   ---------
                                                           2,890,534     136,025

 ALCOA INC                      COM            013817101   1,432,974      34,792  X          1             34292         0       500
                                                             667,229      16,200      X   X  1             13700      2100       400
                                                         -----------   ---------
                                                           2,100,203      50,992

 ALL AMERN TERM TR INC          COM            016440109      52,364       3,952  X          1              3952         0         0
                                                             182,850      13,800      X   X  1             13800         0         0
                                                         -----------   ---------
                                                             235,214      17,752

 ALLIEDSIGNAL INC               COM            019512102     218,686       4,446  X          1              4446         0         0
                                                              69,845       1,420      X   X  1               612       808         0
                                                         -----------   ---------
                                                             288,531       5,866

                COLUMN TOTAL                              29,691,702







1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     3 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 ALLSTATE CORP                  COM            020002101     419,690      11,324  X          1             10124         0      1200
                                                             524,353      14,148      X   X  1             11974      2174         0
                                                         -----------   ---------
                                                             944,043      25,472

 ALLTEL CORP                    COM            020039103     289,233       4,637  X          1              4637         0         0
                                                             154,628       2,479      X   X  1                 0      2479         0
                                                         -----------   ---------
                                                             443,861       7,116

 AMEREN CORP                    COM            023608102     161,612       4,466  X          1              4071         0       395
                                                              65,137       1,800      X   X  1              1500       300         0
                                                         -----------   ---------
                                                             226,749       6,266

 AMERICA ONLINE INC DEL         COM            02364J104     294,000       2,000  X          1              2000         0         0
                                                             573,300       3,900      X   X  1              3900         0         0
                                                         -----------   ---------
                                                             867,300       5,900

 AMERICAN ELEC PWR INC          COM            025537101     264,238       6,658  X          1              5558       700       400
                                                              56,117       1,414      X   X  1                 0      1414         0
                                                         -----------   ---------
                                                             320,355       8,072

 AMERICAN EXPRESS CO            COM            025816109     697,198       5,921  X          1              3121      2800         0
                                                           1,295,015      10,998      X   X  1              7200      3798         0
                                                         -----------   ---------
                                                           1,992,213      16,919

 AMERICAN GENERAL CORP          COM            026351106     971,844      13,785  X          1             11123         0      2662
                                                             207,552       2,944      X   X  1              2944         0         0
                                                         -----------   ---------
                                                           1,179,396      16,729

 AMERICAN HOME PRODS CORP       COM            026609107   2,460,841      37,714  X          1             34914      2800         0
                                                           1,526,850      23,400      X   X  1             17000      6400         0
                                                         -----------   ---------
                                                           3,987,691      61,114

                COLUMN TOTAL                               9,961,608










1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     4 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 AMERICAN INTL GROUP INC        COM            026874107   2,780,779      23,053  X          1             22716       337         0
                                                           3,157,121      26,173      X   X  1             21449      4724         0
                                                         -----------   ---------
                                                           5,937,900      49,226

 AMERITECH CORP NEW             COM            030954101   1,905,775      33,072  X          1             32472         0       600
                                                           1,580,886      27,434      X   X  1             22390      5044         0
                                                         -----------   ---------
                                                           3,486,661      60,506

 AMGEN INC                      COM            031162100     760,731      10,160  X          1             10160         0         0
                                                           3,936,929      52,580      X   X  1             52020       560         0
                                                         -----------   ---------
                                                           4,697,660      62,740

 AMSOUTH BANCORPORATION         COM            032165102     756,211      16,620  X          1             16620         0         0
                                                           1,061,198      23,323      X   X  1              2000     21323         0
                                                         -----------   ---------
                                                           1,817,409      39,943

 ANHEUSER BUSCH COS INC         COM            035229103   2,033,002      26,706  X          1             26506       200         0
                                                           1,316,965      17,300      X   X  1             16300      1000         0
                                                         -----------   ---------
                                                           3,349,967      44,006

 APPLIED MATLS INC              COM            038222105     339,279       5,500  X          1              5500         0         0
                                                           3,158,374      51,200      X   X  1             51200         0         0
                                                         -----------   ---------
                                                           3,497,653      56,700

 ARCHER DANIELS MIDLAND CO      COM            039483102     783,129      53,321  X          1             50718      2603         0
                                                             549,557      37,418      X   X  1             30298      7120         0
                                                         -----------   ---------
                                                           1,332,686      90,739

 ASCEND COMMUNICATIONS INC      COM            043491109     300,687       3,593  X          1              3593         0         0
                                                           3,841,233      45,900      X   X  1             45900         0         0
                                                         -----------   ---------
                                                           4,141,920      49,493

                COLUMN TOTAL                              28,261,856










1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     5 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 ASSOCIATES FIRST CAP CORP      CL A           046008108     183,870       4,086  X          1              4086         0         0
                                                             653,580      14,524      X   X  1             14108       416         0
                                                         -----------   ---------
                                                             837,450      18,610

 ASTEC INDS INC                 COM            046224101     778,050      25,200  X          1             25200         0         0
                                                         -----------   ---------
                                                             778,050      25,200

 ATLANTIC RICHFIELD CO          COM            048825103   1,449,708      19,825  X          1             19625       200         0
                                                           1,035,526      14,161      X   X  1             10437      3724         0
                                                         -----------   ---------
                                                           2,485,234      33,986

 ATMOS ENERGY CORP              COM            049560105     192,472       7,999  X          1              7999         0         0
                                                              12,030         500      X   X  1                 0       500         0
                                                         -----------   ---------
                                                             204,502       8,499

 AUTOMATIC DATA PROCESSING INC  COM            053015103     447,181      10,808  X          1              8896         0      1912
                                                             982,408      23,744      X   X  1             23744         0         0
                                                         -----------   ---------
                                                           1,429,589      34,552

 AUTOZONE INC                   COM            053332102   2,152,069      70,850  X          1             70850         0         0
                                                         -----------   ---------
                                                           2,152,069      70,850

 BP AMOCO P L C                 SPONSORED ADR  055622104   7,144,134      70,734  X          1             67132      3306       296
                                                           2,923,344      28,944      X   X  1             12773     16039       132
                                                         -----------   ---------
                                                          10,067,478      99,678

 BANK ONE CORP                  COM            06423A103   1,697,121      30,822  X          1             29426      1396         0
                                                             779,346      14,154      X   X  1              2623     11531         0
                                                              11,012         200  X          2               200         0         0
                                                         -----------   ---------
                                                           2,487,479      45,176

                COLUMN TOTAL                              20,441,851











1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     6 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 BANKAMERICA CORP NEW           COM            06605F102   8,492,114     120,242  X          1            118525      1204       513
                                                           5,841,680      82,714      X   X  1             40951     41255       508
                                                              15,961         226  X          2               226         0         0
                                                         -----------   ---------
                                                          14,349,755     203,182

 BANKBOSTON CORP                COM            06605R106   6,936,846     160,160  X          1            158410         0      1750
                                                             729,374      16,840      X   X  1              6640     10200         0
                                                         -----------   ---------
                                                           7,666,220     177,000

 BARD C R INC                   COM            067383109     554,806      11,000  X          1             11000         0         0
                                                             196,704       3,900      X   X  1               800      3100         0
                                                         -----------   ---------
                                                             751,510      14,900

 BAXTER INTL INC                COM            071813109     942,414      14,279  X          1             14279         0         0
                                                             849,354      12,869      X   X  1             12869         0         0
                                                         -----------   ---------
                                                           1,791,768      27,148

 BELDEN INC                     COM            077459105   1,512,546      88,650  X          1             84900      3100       650
                                                             143,321       8,400      X   X  1              1800      6600         0
                                                         -----------   ---------
                                                           1,655,867      97,050

 BELL ATLANTIC CORP             COM            077853109   2,911,880      56,337  X          1             54701       200      1436
                                                           2,011,865      38,924      X   X  1             27652     11072       200
                                                         -----------   ---------
                                                           4,923,745      95,261

 BELLSOUTH CORP                 COM            079860102  13,453,228     335,810  X          1            323450      4600      7760
                                                           6,526,341     162,906      X   X  1             66882     96024         0
                                                         -----------   ---------
                                                          19,979,569     498,716

 BELO A H CORP DEL              COM SER A      080555105   4,978,730     272,807  X          1            271207         0      1600
                                                             629,625      34,500      X   X  1              5000     29500         0
                                                         -----------   ---------
                                                           5,608,355     307,307

                COLUMN TOTAL                              56,726,789









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     7 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 BERKSHIRE HATHAWAY INC DEL     CL B           084670207     491,359         209  X          1               209         0         0
                                                              47,020          20      X   X  1                20         0         0
                                                         -----------   ---------
                                                             538,379         229

 BESTFOODS                      COM            08658U101     536,740      11,420  X          1             11420         0         0
                                                             697,480      14,840      X   X  1             10440      4400         0
                                                         -----------   ---------
                                                           1,234,220      26,260

 BIRMINGHAM STL CORP            COM            091250100     156,297      39,700  X          1             39100       600         0
                                                              12,598       3,200      X   X  1                 0      3200         0
                                                         -----------   ---------
                                                             168,895      42,900

 BOEING CO                      COM            097023105   1,569,984      46,176  X          1             43976      2200         0
                                                             666,060      19,590      X   X  1             11290      8300         0
                                                         -----------   ---------
                                                           2,236,044      65,766

 BRISTOL MYERS SQUIBB CO        COM            110122108  47,624,500     742,682  X          1            724130     13400      5152
                                                          17,854,455     278,432      X   X  1            128772    149660         0
                                                         -----------   ---------
                                                          65,478,955   1,021,114

 BROWNING FERRIS INDS           COM            115885105     467,909      12,134  X          1             11934       200         0
                                                              61,699       1,600      X   X  1               800       800         0
                                                         -----------   ---------
                                                             529,608      13,734

 CBL & ASSOC PPTYS INC          COM            124830100     313,876      13,500  X          1             11500      2000         0
                                                              58,125       2,500      X   X  1              1000      1500         0
                                                         -----------   ---------
                                                             372,001      16,000

 CIGNA CORP                     COM            125509109     658,259       7,854  X          1              7854         0         0
                                                              31,430         375      X   X  1                 0       375         0
                                                         -----------   ---------
                                                             689,689       8,229

                COLUMN TOTAL                              71,247,791










1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     8 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 CSX CORP                       COM            126408103     497,539      12,778  X          1             12778         0         0
                                                             384,386       9,872      X   X  1              5672      4200         0
                                                         -----------   ---------
                                                             881,925      22,650

 CARDINAL HEALTH INC            COM            14149Y108      93,456       1,416  X          1              1416         0         0
                                                             206,118       3,123      X   X  1              3123         0         0
                                                         -----------   ---------
                                                             299,574       4,539

 CARNIVAL CORP                  COM            143658102     101,980       2,100  X          1              2100         0         0
                                                             320,509       6,600      X   X  1              6600         0         0
                                                         -----------   ---------
                                                             422,489       8,700

 CAROLINA PWR & LT CO           COM            144141108     354,374       9,372  X          1              8240         0      1132
                                                             170,154       4,500      X   X  1              2800      1700         0
                                                         -----------   ---------
                                                             524,528      13,872

 CASTLE A M & CO                COM            148411101     134,750      11,000  X          1             11000         0         0
                                                         -----------   ---------
                                                             134,750      11,000

 CATERPILLAR INC DEL            COM            149123101     173,781       3,783  X          1              3583       200         0
                                                              98,122       2,136      X   X  1              2136         0         0
                                                         -----------   ---------
                                                             271,903       5,919

 CENDANT CORP                   COM            151313103      76,499       4,800  X          1              4800         0         0
                                                             105,980       6,650      X   X  1              6650         0         0
                                                         -----------   ---------
                                                             182,479      11,450

 CENTRAL & SOUTH WEST CORP      COM            152357109     270,227      11,530  X          1             11530         0         0
                                                              72,655       3,100      X   X  1              1600      1500         0
                                                         -----------   ---------
                                                             342,882      14,630

                COLUMN TOTAL                               3,060,530











1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE     9 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 CHASE MANHATTAN CORP NEW       COM            16161A108  10,285,094     126,391  X          1            124591       800      1000
                                                           1,900,926      23,360      X   X  1              8500     14560       300
                                                              16,275         200  X          2               200         0         0
                                                         -----------   ---------
                                                          12,202,295     149,951

 CHEVRON CORPORATION            COM            166751107   2,635,349      29,694  X          1             28354         0      1340
                                                           1,518,246      17,107      X   X  1             10407      6700         0
                                                         -----------   ---------
                                                           4,153,595      46,801

 CHUBB CORP                     COM            171232101     805,813      13,760  X          1             13160       600         0
                                                              93,699       1,600      X   X  1              1600         0         0
                                                              13,176         225  X          2               225         0         0
                                                         -----------   ---------
                                                             912,688      15,585

 CISCO SYS INC                  COM            17275R102   4,317,394      39,406  X          1             38906       500         0
                                                           8,521,729      77,780      X   X  1             74468      2637       675
                                                              13,695         125  X          2               125         0         0
                                                         -----------   ---------
                                                          12,852,818     117,311

 CINTAS CORP                    COM            172908105      39,225         600  X          1               600         0         0
                                                             647,213       9,900      X   X  1              9900         0         0
                                                         -----------   ---------
                                                             686,438      10,500

 CITIGROUP INC                  COM            172967101   3,088,814      48,357  X          1             46400       900      1057
                                                           3,462,029      54,200      X   X  1             47650      6550         0
                                                              14,372         225  X          2               225         0         0
                                                         -----------   ---------
                                                           6,565,215     102,782

 CITIZENS UTILS CO DEL          CL B           177342201      79,609      10,272  X          1             10272         0         0
                                                                  47           6      X   X  1                 0         6         0
                                                         -----------   ---------
                                                              79,656      10,278

 CLAYTON HOMES INC              COM            184190106      96,382       8,713  X          1              8713         0         0
                                                              17,301       1,564      X   X  1              1564         0         0
                                                         -----------   ---------
                                                             113,683      10,277

                COLUMN TOTAL                              37,566,388






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    10 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 CLOROX CO DEL                  COM            189054109      93,749         800  X          1               800         0         0
                                                             609,373       5,200      X   X  1              5200         0         0
                                                         -----------   ---------
                                                             703,122       6,000

 COASTAL CORP                   COM            190441105   3,241,425      98,225  X          1             96225       200      1800
                                                             706,200      21,400      X   X  1             17800      3400       200
                                                               9,900         300  X          2               300         0         0
                                                         -----------   ---------
                                                           3,957,525     119,925

 COCA COLA CO                   COM            191216100  12,567,595     204,767  X          1            195827      7750      1190
                                                          16,438,928     267,844      X   X  1            182904     84440       500
                                                              12,275         200  X          2               200         0         0
                                                         -----------   ---------
                                                          29,018,798     472,811

 COLGATE PALMOLIVE CO           COM            194162103   1,686,176      18,328  X          1             17928       100       300
                                                             961,400      10,450      X   X  1              9150      1000       300
                                                         -----------   ---------
                                                           2,647,576      28,778

 COMERICA INC                   COM            200340107     290,332       4,650  X          1              4650         0         0
                                                              37,462         600      X   X  1               600         0         0
                                                         -----------   ---------
                                                             327,794       5,250

 COMPAQ COMPUTER CORP           COM            204493100   1,322,112      41,724  X          1             41724         0         0
                                                           4,292,009     135,450      X   X  1            124800     10650         0
                                                         -----------   ---------
                                                           5,614,121     177,174

 COMPUTER ASSOC INTL INC        COM            204912109     694,350      19,525  X          1             19525         0         0
                                                              48,008       1,350      X   X  1              1050         0       300
                                                         -----------   ---------
                                                             742,358      20,875

 COMPUTER SCIENCES CORP         COM            205363104     358,163       6,490  X          1              6490         0         0
                                                              66,224       1,200      X   X  1                 0      1200         0
                                                         -----------   ---------
                                                             424,387       7,690

                COLUMN TOTAL                              43,435,681








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    11 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 CONAGRA INC                    COM            205887102     973,766      38,000  X          1             37550       450         0
                                                             206,282       8,050      X   X  1              7450       600         0
                                                               5,125         200  X          2               200         0         0
                                                         -----------   ---------
                                                           1,185,173      46,250

 CONSOLIDATED NAT GAS CO        COM            209615103     440,956       9,057  X          1              8907       150         0
                                                              91,386       1,877      X   X  1              1877         0         0
                                                               4,869         100  X          2               100         0         0
                                                         -----------   ---------
                                                             537,211      11,034

 CONSUMER PORTFOLIO SVCS INC    COM            210502100      43,586      15,500      X   X  1                 0     15500         0
                                                         -----------   ---------
                                                              43,586      15,500

 COOPER INDS INC                COM            216669101     245,525       5,760  X          1              4660      1100         0
                                                              17,050         400      X   X  1               400         0         0
                                                         -----------   ---------
                                                             262,575       6,160

 CORNING INC                    COM            219350105   2,238,900      37,315  X          1             36615       700         0
                                                             900,420      15,007      X   X  1             11807      3200         0
                                                              18,000         300  X          2               300         0         0
                                                         -----------   ---------
                                                           3,157,320      52,622

 COSTCO COMPANIES INC           COM            22160Q102     891,814       9,740  X          1              9440       300         0
                                                         -----------   ---------
                                                             891,814       9,740

 CRIIMI MAE INC                 COM            226603108      54,816      20,400  X          1             20400         0         0
                                                         -----------   ---------
                                                              54,816      20,400

 DAYTON HUDSON CORP             COM            239753106     799,500      12,000  X          1             12000         0         0
                                                             889,845      13,356      X   X  1             13356         0         0
                                                         -----------   ---------
                                                           1,689,345      25,356

                COLUMN TOTAL                               7,821,840










1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    12 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 DEERE & CO                     COM            244199105     532,069      13,775  X          1             13775         0         0
                                                             196,989       5,100      X   X  1              2900      2200         0
                                                         -----------   ---------
                                                             729,058      18,875

 DELL COMPUTER CORP             COM            247025109     187,862       4,596  X          1              4596         0         0
                                                           1,738,005      42,520      X   X  1             42520         0         0
                                                         -----------   ---------
                                                           1,925,867      47,116

 DELTA AIR LINES INC DEL        COM            247361108     181,395       2,610  X          1              2610         0         0
                                                             180,700       2,600      X   X  1              2600         0         0
                                                         -----------   ---------
                                                             362,095       5,210

 DISNEY WALT CO                 COM            254687106   2,296,918      73,796  X          1             72121      1225       450
                                                           2,660,480      85,477      X   X  1             73877     11600         0
                                                               6,225         200  X          2               200         0         0
                                                         -----------   ---------
                                                           4,963,623     159,473

 DOMINION RES INC VA            COM            257470104     162,596       4,402  X          1              2964         0      1438
                                                              89,647       2,427      X   X  1               427      2000         0
                                                         -----------   ---------
                                                             252,243       6,829

 DOVER CORP                     COM            260003108     205,272       6,244  X          1              6244         0         0
                                                             266,945       8,120      X   X  1                 0      8120         0
                                                         -----------   ---------
                                                             472,217      14,364

 DOW CHEM CO                    COM            260543103   2,871,090      30,810  X          1             30410       400         0
                                                           1,003,808      10,772      X   X  1              5872      4900         0
                                                               4,659          50  X          2                50         0         0
                                                         -----------   ---------
                                                           3,879,557      41,632

 DOW JONES & CO INC             COM            260561105     311,434       6,600      X   X  1              6600         0         0
                                                         -----------   ---------
                                                             311,434       6,600

                COLUMN TOTAL                              12,896,094









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    13 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 DREYFUS HIGH YIELD STRATEGIES  SH BEN INT     26200S101     356,248      30,000  X          1             30000         0         0
                                                         -----------   ---------
                                                             356,248      30,000

 DU PONT E I DE NEMOURS & CO    COM            263534109   3,208,788      55,265  X          1             52015      2850       400
                                                           2,359,871      40,644      X   X  1             28624     11770       250
                                                               5,806         100  X          2               100         0         0
                                                         -----------   ---------
                                                           5,574,465      96,009

 DUFF & PHELPS UTILS INCOME INC COM            264324104      43,000       4,000  X          1              4000         0         0
                                                              92,966       8,648      X   X  1              1848      6800         0
                                                         -----------   ---------
                                                             135,966      12,648

 DUKE ENERGY CORP               COM            264399106   1,131,207      20,638  X          1             20638         0         0
                                                             445,128       8,121      X   X  1              5389      2732         0
                                                         -----------   ---------
                                                           1,576,335      28,759

 E M C CORP MASS                COM            268648102  19,485,712     152,530  X          1            150555       400      1575
                                                           2,465,575      19,300      X   X  1              2900     16400         0
                                                         -----------   ---------
                                                          21,951,287     171,830

 ENSCO INTL INC                 COM            26874Q100     521,501      39,175  X          1             36975      2200         0
                                                              43,597       3,275      X   X  1              3275         0         0
                                                               5,325         400  X          2               400         0         0
                                                         -----------   ---------
                                                             570,423      42,850

 EASTMAN KODAK CO               COM            277461109     888,836      13,915  X          1             13115       800         0
                                                             273,069       4,275      X   X  1              2075      2200         0
                                                         -----------   ---------
                                                           1,161,905      18,190

 EATON CORP                     COM            278058102     214,357       2,998  X          1              2998         0         0
                                                              42,900         600      X   X  1               600         0         0
                                                         -----------   ---------
                                                             257,257       3,598

                COLUMN TOTAL                              31,583,886









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    14 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 ELAN PLC                       ADR            284131208   8,898,362     127,575  X          1            126075         0      1500
                                                           1,357,685      19,465      X   X  1              7115     12000       350
                                                         -----------   ---------
                                                          10,256,047     147,040

 ELECTRONIC DATA SYS NEW        COM            285661104   7,026,223     144,314  X          1            141014      1200      2100
                                                             753,773      15,482      X   X  1              9202      6280         0
                                                         -----------   ---------
                                                           7,779,996     159,796

 EMERGING MKTS FLOATING RATE FD COM            290885102     279,000      23,250  X          1             23250         0         0
                                                         -----------   ---------
                                                             279,000      23,250

 EMERSON ELEC CO                COM            291011104     866,579      16,370  X          1             15700       200       470
                                                             997,863      18,850      X   X  1              9200      9650         0
                                                         -----------   ---------
                                                           1,864,442      35,220

 ENRON CORP                     COM            293561106     753,011      11,720  X          1             11720         0         0
                                                         -----------   ---------
                                                             753,011      11,720

 EQUITY INCOME FD               UT 1 EX SR-ATT 294700703      87,207         492  X          1               492         0         0
                                                             248,150       1,400      X   X  1              1400         0         0
                                                         -----------   ---------
                                                             335,357       1,892

 EQUITY INNS INC                COM            294703103      81,515       9,590  X          1              9590         0         0
                                                              12,750       1,500      X   X  1              1500         0         0
                                                         -----------   ---------
                                                              94,265      11,090

 EQUITY RESIDENTIAL PPTYS TR    SH BEN INT     29476L107      10,931         265  X          1               265         0         0
                                                             651,750      15,800      X   X  1             15800         0         0
                                                         -----------   ---------
                                                             662,681      16,065

 ERICSSON L M TEL CO            ADR CL B SEK10 294821400     226,214       9,500  X          1              9500         0         0
                                                             964,386      40,500      X   X  1             21300     19200         0
                                                         -----------   ---------
                                                           1,190,600      50,000

                COLUMN TOTAL                              23,215,399







1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    15 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 EXXON CORP                     COM            302290101  18,483,154     261,942  X          1            255442      4200      2300
                                                          10,312,634     146,150      X   X  1             95706     50444         0
                                                         -----------   ---------
                                                          28,795,788     408,092

 FPL GROUP INC                  COM            302571104     477,548       8,968  X          1              8968         0         0
                                                             244,205       4,586      X   X  1              2086      2500         0
                                                         -----------   ---------
                                                             721,753      13,554

 FDX CORP                       COM            31304N107     419,430       4,510  X          1              4510         0         0
                                                         -----------   ---------
                                                             419,430       4,510

 FEDERAL HOME LN MTG CORP       COM            313400301   2,994,550      52,250  X          1             48250      4000         0
                                                             504,346       8,800      X   X  1              2300      6500         0
                                                         -----------   ---------
                                                           3,498,896      61,050

 FEDERAL NATL MTG ASSN          COM            313586109   6,552,794      94,625  X          1             93525       300       800
                                                           6,386,860      92,229      X   X  1             76829     15250       150
                                                         -----------   ---------
                                                          12,939,654     186,854

 FEDERATED DEPT STORES INC DEL  COM            31410H101   6,365,512     158,641  X          1            155591       400      2650
                                                             945,752      23,570      X   X  1             10660     12910         0
                                                         -----------   ---------
                                                           7,311,264     182,211

 FINOVA GROUP INC               COM            317928109     488,614       9,419  X          1              9069       350         0
                                                              44,095         850      X   X  1               850         0         0
                                                               5,188         100  X          2               100         0         0
                                                         -----------   ---------
                                                             537,897      10,369

 FIRST AUSTRALIA PRIME INCOME   COM            318653102     218,663      35,700  X          1             35700         0         0
                                                         -----------   ---------
                                                             218,663      35,700

 FIRST AMER CORP TENN           COM            318900107   3,695,653     100,221  X          1             78821         0     21400
                                                           1,746,069      47,351      X   X  1             41848      5503         0
                                                         -----------   ---------
                                                           5,441,722     147,572

                COLUMN TOTAL                              59,885,067






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    16 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 FIRST DATA CORP                COM            319963104     831,148      19,442  X          1             18467       975         0
                                                              98,326       2,300      X   X  1              2300         0         0
                                                               8,550         200  X          2               200         0         0
                                                         -----------   ---------
                                                             938,024      21,942

 FIRST TENN NATL CORP           COM            337162101  43,360,281   1,183,898  X          1           1123635     33000     27263
                                                           6,459,152     176,359      X   X  1             62097    114262         0
                                                         -----------   ---------
                                                          49,819,433   1,360,257

 FIRST UN CORP                  COM            337358105   1,053,830      19,721  X          1             19721         0         0
                                                             816,143      15,273      X   X  1              3497     11776         0
                                                         -----------   ---------
                                                           1,869,973      34,994

 FIRST VA BANKS INC             COM            337477103     247,076       5,408  X          1              5408         0         0
                                                         -----------   ---------
                                                             247,076       5,408

 FIRSTAR CORP NEW WIS           COM            33763V109     552,036       6,168  X          1              6168         0         0
                                                         -----------   ---------
                                                             552,036       6,168

 FLEET FINL GROUP INC NEW       COM            338915101     971,862      25,830  X          1             24630      1200         0
                                                              79,013       2,100      X   X  1              2100         0         0
                                                               9,406         250  X          2               250         0         0
                                                         -----------   ---------
                                                           1,060,281      28,180

 FLUOR CORP                     COM            343861100     418,500      15,500  X          1             14625       875         0
                                                              41,175       1,525      X   X  1              1525         0         0
                                                               4,050         150  X          2               150         0         0
                                                         -----------   ---------
                                                             463,725      17,175

 FORD MTR CO DEL                COM            345370100     585,122      10,322  X          1             10322         0         0
                                                             535,693       9,450      X   X  1              8650       800         0
                                                         -----------   ---------
                                                           1,120,815      19,772

                COLUMN TOTAL                              56,071,363









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    17 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 FORTUNE BRANDS INC             COM            349631101     483,252      12,552  X          1             12552         0         0
                                                             134,750       3,500      X   X  1              3100       400         0
                                                         -----------   ---------
                                                             618,002      16,052

 GTE CORP                       COM            362320103  12,904,651     213,300  X          1            209600      1800      1900
                                                           4,573,379      75,593      X   X  1             33869     39874      1850
                                                              12,100         200  X          2               200         0         0
                                                         -----------   ---------
                                                          17,490,130     289,093

 GALLAHER GROUP PLC             SPONSORED ADR  363595109     299,672      12,752  X          1             12752         0         0
                                                              63,450       2,700      X   X  1              2700         0         0
                                                         -----------   ---------
                                                             363,122      15,452

 GANNETT INC                    COM            364730101   1,575,000      25,000  X          1             24100         0       900
                                                           1,316,700      20,900      X   X  1             15400      5500         0
                                                         -----------   ---------
                                                           2,891,700      45,900

 GAP INC DEL                    COM            364760108     550,275       8,175  X          1              8175         0         0
                                                             316,367       4,700      X   X  1              4700         0         0
                                                         -----------   ---------
                                                             866,642      12,875

 GENERAL AMERN INVS INC         COM            368802104     348,350      11,037      X   X  1             11037         0         0
                                                         -----------   ---------
                                                             348,350      11,037

 GENERAL ELEC CO                COM            369604103  44,943,784     406,271  X          1            392173     10000      4098
                                                          24,775,584     223,960      X   X  1            124028     99532       400
                                                              16,594         150  X          2               150         0         0
                                                         -----------   ---------
                                                          69,735,962     630,381

 GENERAL MLS INC                COM            370334104   5,131,715      67,914  X          1             67714       200         0
                                                             330,054       4,368      X   X  1              3968       400         0
                                                         -----------   ---------
                                                           5,461,769      72,282

                COLUMN TOTAL                              97,775,677









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    18 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 GENERAL MTRS CORP              COM            370442105   1,516,584      17,432  X          1             17432         0         0
                                                             604,389       6,947      X   X  1              4038      2909         0
                                                         -----------   ---------
                                                           2,120,973      24,379

 GENUINE PARTS CO               COM            372460105     229,113       7,952  X          1              7952         0         0
                                                         -----------   ---------
                                                             229,113       7,952

 GILLETTE CO                    COM            375766102   2,515,494      42,322  X          1             39997      2325         0
                                                           4,682,268      78,777      X   X  1             75595      3182         0
                                                               8,916         150  X          2               150         0         0
                                                         -----------   ---------
                                                           7,206,678     121,249

 GLAXO WELLCOME PLC             SPONSORED ADR  37733W105     299,877       4,480  X          1              3220         0      1260
                                                             194,117       2,900      X   X  1               700      2200         0
                                                         -----------   ---------
                                                             493,994       7,380

 GLOBAL MARINE INC              COM            379352404     401,915      34,205  X          1             32505      1700         0
                                                              34,663       2,950      X   X  1              2950         0         0
                                                               4,700         400  X          2               400         0         0
                                                         -----------   ---------
                                                             441,278      37,555

 GRAINGER W W INC               COM            384802104   3,967,299      92,130  X          1             90505       725       900
                                                           1,072,244      24,900      X   X  1             12664     12236         0
                                                               8,612         200  X          2               200         0         0
                                                         -----------   ---------
                                                           5,048,155     117,230

 GUIDANT CORP                   COM            401698105     281,325       4,650  X          1              3850         0       800
                                                         -----------   ---------
                                                             281,325       4,650

 HARRAHS ENTMT INC              COM            413619107     499,462      26,202  X          1             26202         0         0
                                                         -----------   ---------
                                                             499,462      26,202

 HARTFORD FINL SVCS GROUP INC   COM            416515104     204,524       3,600      X   X  1              3600         0         0
                                                         -----------   ---------
                                                             204,524       3,600

                COLUMN TOTAL                              16,525,502






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    19 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 HEALTHSOUTH CORP               COM            421924101     453,657      43,725  X          1             40975      2750         0
                                                              43,058       4,150      X   X  1              4150         0         0
                                                               6,744         650  X          2               650         0         0
                                                         -----------   ---------
                                                             503,459      48,525

 HEINZ H J CO                   COM            423074103     297,279       6,275  X          1              6275         0         0
                                                              42,639         900      X   X  1               300       600         0
                                                         -----------   ---------
                                                             339,918       7,175

 HERSHEY FOODS CORP             COM            427866108      22,425         400  X          1               400         0         0
                                                             639,107      11,400      X   X  1              9200      2200         0
                                                         -----------   ---------
                                                             661,532      11,800

 HEWLETT PACKARD CO             COM            428236103   2,151,336      31,725  X          1             30800       925         0
                                                           2,676,201      39,465      X   X  1             37165      2300         0
                                                              13,562         200  X          2               200         0         0
                                                         -----------   ---------
                                                           4,841,099      71,390

 HOME DEPOT INC                 COM            437076102   3,568,801      57,330  X          1             55755       975       600
                                                           5,367,138      86,219      X   X  1             84319      1450       450
                                                               9,338         150  X          2               150         0         0
                                                         -----------   ---------
                                                           8,945,277     143,699

 HOUSEHOLD INTL INC             COM            441815107   1,112,115      24,375  X          1             23325      1050         0
                                                             168,815       3,700      X   X  1              3700         0         0
                                                              13,688         300  X          2               300         0         0
                                                         -----------   ---------
                                                           1,294,618      28,375

 HUNTINGTON BANCSHARES INC      COM            446150104     608,809      19,679      X   X  1                 0     19679         0
                                                         -----------   ---------
                                                             608,809      19,679

 IMS HEALTH INC                 COM            449934108     115,938       3,500  X          1              3500         0         0
                                                             192,125       5,800      X   X  1              5000       800         0
                                                         -----------   ---------
                                                             308,063       9,300

                COLUMN TOTAL                              17,502,775







1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    20 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 INGERSOLL RAND CO              COM            456866102   1,982,130      39,942  X          1             39642         0       300
                                                             936,674      18,875      X   X  1             13500      5075       300
                                                         -----------   ---------
                                                           2,918,804      58,817

 INPUT/OUTPUT INC               COM            457652105     830,342     131,550  X          1            130650         0       900
                                                              34,716       5,500      X   X  1              2800      2700         0
                                                         -----------   ---------
                                                             865,058     137,050

 INTEL CORP                     COM            458140100  17,780,531     149,573  X          1            144498      3325      1750
                                                          20,091,074     169,010      X   X  1            151260     17550       200
                                                              11,888         100  X          2               100         0         0
                                                         -----------   ---------
                                                          37,883,493     318,683

 INTERNATIONAL BUSINESS MACHS   COM            459200101   9,749,288      55,003  X          1             52001      2752       250
                                                           4,109,365      23,184      X   X  1             12072     11112         0
                                                         -----------   ---------
                                                          13,858,653      78,187

 INTL PAPER CO                  COM            460146103     252,488       5,985  X          1              5185       800         0
                                                             554,886      13,153      X   X  1             12753       400         0
                                                         -----------   ---------
                                                             807,374      19,138

 INTERPUBLIC GROUP COS INC      COM            460690100   5,858,546      75,230  X          1             75230         0         0
                                                           1,631,483      20,950      X   X  1               350     20600         0
                                                         -----------   ---------
                                                           7,490,029      96,180

 JEFFERSON PILOT CORP           COM            475070108      28,455         420  X          1               420         0         0
                                                             257,111       3,795      X   X  1              3795         0         0
                                                         -----------   ---------
                                                             285,566       4,215

 JOHNSON & JOHNSON              COM            478160104  12,541,529     134,134  X          1            126934      7200         0
                                                           4,079,032      43,626      X   X  1             26176     17450         0
                                                               9,350         100  X          2               100         0         0
                                                         -----------   ---------
                                                          16,629,911     177,860

                COLUMN TOTAL                              80,738,888








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    21 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 K MART CORP                    COM            482584109      57,161       3,400  X          1              1000      2400         0
                                                             160,487       9,546      X   X  1                 0      9546         0
                                                         -----------   ---------
                                                             217,648      12,946

 KANSAS CITY SOUTHN INDS INC    COM            485170104     513,000       9,000  X          1              8700       300         0
                                                             279,300       4,900      X   X  1              4900         0         0
                                                         -----------   ---------
                                                             792,300      13,900

 KELLOGG CO                     COM            487836108     335,752       9,930  X          1              9930         0         0
                                                             173,119       5,120      X   X  1              1600      3520         0
                                                         -----------   ---------
                                                             508,871      15,050

 KEYCORP NEW                    COM            493267108     113,488       3,744  X          1              3744         0         0
                                                             412,244      13,600      X   X  1                 0     13600         0
                                                         -----------   ---------
                                                             525,732      17,344

 KIMBERLY CLARK CORP            COM            494368103   1,594,434      33,261  X          1             32236      1025         0
                                                             594,755      12,407      X   X  1             11303      1104         0
                                                              14,381         300  X          2               300         0         0
                                                         -----------   ---------
                                                           2,203,570      45,968

 KOHLS CORP                     COM            500255104     432,338       6,100      X   X  1              6100         0         0
                                                         -----------   ---------
                                                             432,338       6,100

 KROGER CO                      COM            501044101      29,938         500  X          1               500         0         0
                                                             455,050       7,600      X   X  1              7600         0         0
                                                         -----------   ---------
                                                             484,988       8,100

 LA Z BOY INC                   COM            505336107   1,126,557      59,885  X          1             59885         0         0
                                                         -----------   ---------
                                                           1,126,557      59,885

 LILLY ELI & CO                 COM            532457108   1,143,270      13,470  X          1             13120       100       250
                                                             551,689       6,500      X   X  1              2500      3700       300
                                                         -----------   ---------
                                                           1,694,959      19,970

                COLUMN TOTAL                               7,986,963






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    22 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 LINCOLN NATL CORP IND          COM            534187109      29,663         300  X          1               300         0         0
                                                             365,442       3,696      X   X  1              2800       896         0
                                                         -----------   ---------
                                                             395,105       3,996

 LINEAR TECHNOLOGY CORP         COM            535678106     235,750       4,600  X          1              4600         0         0
                                                           3,290,250      64,200      X   X  1             64200         0         0
                                                         -----------   ---------
                                                           3,526,000      68,800

 LOCKHEED MARTIN CORP           COM            539830109   1,782,184      47,210  X          1             46010      1000       200
                                                             519,063      13,750      X   X  1              6150      7600         0
                                                              11,325         300  X          2               300         0         0
                                                         -----------   ---------
                                                           2,312,572      61,260

 LUCENT TECHNOLOGIES INC        COM            549463107   3,696,300      34,225  X          1             32735      1038       452
                                                           3,547,692      32,849      X   X  1             20433     12178       238
                                                              16,200         150  X          2               150         0         0
                                                         -----------   ---------
                                                           7,260,192      67,224

 MBIA INC                       COM            55262C100   2,792,700      48,150  X          1             47750         0       400
                                                             377,000       6,500      X   X  1              5700       800         0
                                                         -----------   ---------
                                                           3,169,700      54,650

 MBNA CORP                      COM            55262L100     187,944       7,872  X          1              7872         0         0
                                                             508,538      21,300      X   X  1             11175     10125         0
                                                         -----------   ---------
                                                             696,482      29,172

 MCI WORLDCOM INC               COM            55268B106  12,060,202     136,178  X          1            134680       373      1125
                                                           4,073,319      45,994      X   X  1             26912     19082         0
                                                         -----------   ---------
                                                          16,133,521     182,172

 MFS INTER INCOME TR            SH BEN INT     55273C107      67,131      10,133  X          1             10133         0         0
                                                               6,625       1,000      X   X  1              1000         0         0
                                                         -----------   ---------
                                                              73,756      11,133

                COLUMN TOTAL                              33,567,328








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    23 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 MGIC INVT CORP WIS             COM            552848103     447,915      12,775  X          1             12175       600         0
                                                             984,365      28,075      X   X  1             24875      3200         0
                                                               5,259         150  X          2               150         0         0
                                                         -----------   ---------
                                                           1,437,539      41,000

 MARSH & MCLENNAN COS INC       COM            571748102     275,988       3,717  X          1              3717         0         0
                                                         -----------   ---------
                                                             275,988       3,717

 MASCO CORP                     COM            574599106     819,391      29,005  X          1             25205      3800         0
                                                           1,070,675      37,900      X   X  1             13100     24800         0
                                                         -----------   ---------
                                                           1,890,066      66,905

 MAXIM INTEGRATED PRODS INC     COM            57772K101     205,675       3,800  X          1              3800         0         0
                                                           2,976,875      55,000      X   X  1             55000         0         0
                                                         -----------   ---------
                                                           3,182,550      58,800

 MAY DEPT STORES CO             COM            577778103     156,462       3,999  X          1              3999         0         0
                                                             504,204      12,887      X   X  1              3487      9400         0
                                                         -----------   ---------
                                                             660,666      16,886

 MCCORMICK & CO INC             COM NON VTG    579780206     406,000      14,000  X          1             13700       300         0
                                                              87,000       3,000      X   X  1               600      2400         0
                                                         -----------   ---------
                                                             493,000      17,000

 MCDONALDS CORP                 COM            580135101   2,475,752      54,638  X          1             50738      3500       400
                                                           1,470,373      32,450      X   X  1             28450      4000         0
                                                               9,062         200  X          2               200         0         0
                                                         -----------   ---------
                                                           3,955,187      87,288

 MCKESSON HBOC INC              COM            58155Q103     243,342       3,687  X          1              3687         0         0
                                                             298,650       4,525      X   X  1              4070       455         0
                                                         -----------   ---------
                                                             541,992       8,212

                COLUMN TOTAL                              12,436,988









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    24 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 MEDIAONE GROUP INC             COM            58440J104     745,701      11,755  X          1             11155       200       400
                                                             808,948      12,752      X   X  1              8155      4597         0
                                                         -----------   ---------
                                                           1,554,649      24,507

 MEDTRONIC INC                  COM            585055106   7,027,811      97,778  X          1             96953         0       825
                                                           3,082,792      42,891      X   X  1             23541     19350         0
                                                         -----------   ---------
                                                          10,110,603     140,669

 MELLON BK CORP                 COM            585509102   2,112,802      30,022  X          1             30022         0         0
                                                             154,825       2,200      X   X  1               200      2000         0
                                                         -----------   ---------
                                                           2,267,627      32,222

 MERCK & CO INC                 COM            589331107  24,858,884     310,251  X          1            304289      2200      3762
                                                          17,339,058     216,400      X   X  1            131050     84550       800
                                                         -----------   ---------
                                                          42,197,942     526,651

 MERRILL LYNCH & CO INC         COM            590188108     106,200       1,200  X          1              1200         0         0
                                                           3,062,100      34,600      X   X  1             34600         0         0
                                                         -----------   ---------
                                                           3,168,300      35,800

 MICROSOFT CORP                 COM            594918104   9,194,456     102,588  X          1            102288         0       300
                                                          14,944,074     166,740      X   X  1            149590     17150         0
                                                         -----------   ---------
                                                          24,138,530     269,328

 MICROSOFT CORP                 PFD A CV EXCH  594918203      39,400         400  X          1               400         0         0
                                                             167,450       1,700      X   X  1              1700         0         0
                                                         -----------   ---------
                                                             206,850       2,100

 MICRON TECHNOLOGY INC          COM            595112103     595,105      12,350  X          1             11875       475         0
                                                              56,620       1,175      X   X  1              1175         0         0
                                                               4,819         100  X          2               100         0         0
                                                         -----------   ---------
                                                             656,544      13,625

                COLUMN TOTAL                              84,301,045









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    25 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 MID-AMER APT CMNTYS INC        COM            59522J103      23,726       1,110  X          1              1110         0         0
                                                             208,407       9,750      X   X  1               900      8850         0
                                                         -----------   ---------
                                                             232,133      10,860

 MILACRON INC                   COM            598709103     911,535      57,875  X          1             54825      3050         0
                                                              97,257       6,175      X   X  1              6175         0         0
                                                               9,450         600  X          2               600         0         0
                                                         -----------   ---------
                                                           1,018,242      64,650

 MINDSPRING ENTERPRISES INC     COM            602683104     258,186       3,000  X          1              3000         0         0
                                                         -----------   ---------
                                                             258,186       3,000

 MINNESOTA MNG & MFG CO         COM            604059105   1,368,025      19,336  X          1             18986       350         0
                                                           3,601,175      50,900      X   X  1             17800     33100         0
                                                               7,075         100  X          2               100         0         0
                                                         -----------   ---------
                                                           4,976,275      70,336

 MOBIL CORP                     COM            607059102   7,501,472      85,244  X          1             84894       350         0
                                                           4,614,720      52,440      X   X  1             47040      5250       150
                                                               8,800         100  X          2               100         0         0
                                                         -----------   ---------
                                                          12,124,992     137,784

 MONSANTO CO                    COM            611662107   1,084,345      23,605  X          1             20405      3200         0
                                                             653,684      14,230      X   X  1             10080      4150         0
                                                         -----------   ---------
                                                           1,738,029      37,835

 MORGAN J P & CO INC            COM            616880100     780,968       6,330  X          1              6330         0         0
                                                             382,465       3,100      X   X  1              2700       400         0
                                                         -----------   ---------
                                                           1,163,433       9,430

 MORGAN STANLEY DEAN WITTER&CO  COM NEW        617446448   1,243,915      12,447  X          1             12447         0         0
                                                           4,328,573      43,313      X   X  1             43313         0         0
                                                         -----------   ---------
                                                           5,572,488      55,760

                COLUMN TOTAL                              27,083,778








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    26 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 MORTON INTL INC IND NEW        COM            619335102   3,896,421     106,025  X          1            105525       200       300
                                                             211,313       5,750      X   X  1              5750         0         0
                                                               7,350         200      X   X  2                 0       200         0
                                                         -----------   ---------
                                                           4,115,084     111,975

 MOTOROLA INC                   COM            620076109   5,636,159      76,944  X          1             76694         0       250
                                                           2,007,564      27,407      X   X  1             11557     15850         0
                                                         -----------   ---------
                                                           7,643,723     104,351

 MUNICIPAL MTG & EQUITY L L C   GROWTH SHS     62624B101     230,950      12,400  X          1             12400         0         0
                                                         -----------   ---------
                                                             230,950      12,400

 MYLAN LABS INC                 COM            628530107     179,713       6,550  X          1              6550         0         0
                                                              41,156       1,500      X   X  1              1500         0         0
                                                         -----------   ---------
                                                             220,869       8,050

 NATIONAL COMM BANCORP          COM            635449101   3,257,189     142,784  X          1            136636         0      6148
                                                           1,206,025      52,868      X   X  1             42868     10000         0
                                                         -----------   ---------
                                                           4,463,214     195,652

 NOKIA CORP                     SPONSORED ADR  654902204      31,150         200  X          1               200         0         0
                                                             404,950       2,600      X   X  1              2600         0         0
                                                         -----------   ---------
                                                             436,100       2,800

 NORFOLK SOUTHERN CORP          COM            655844108   1,682,952      63,808  X          1             63058       750         0
                                                             979,305      37,130      X   X  1             31169      5961         0
                                                               5,275         200  X          2               200         0         0
                                                         -----------   ---------
                                                           2,667,532     101,138

 NORTHERN TELECOM LTD           COM            665815106     286,399       4,610  X          1              4610         0         0
                                                             105,613       1,700      X   X  1                 0      1700         0
                                                         -----------   ---------
                                                             392,012       6,310

                COLUMN TOTAL                              20,169,484









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    27 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 NORTHERN TR CORP               COM            665859104     213,149       2,400  X          1              2400         0         0
                                                         -----------   ---------
                                                             213,149       2,400

 OLD KENT FINL CORP             COM            679833103     277,567       6,560      X   X  1                 0      6560         0
                                                         -----------   ---------
                                                             277,567       6,560

 ORACLE CORP                    COM            68389X105     543,931      20,623  X          1             19461      1162         0
                                                             839,704      31,837      X   X  1             30825      1012         0
                                                               3,956         150  X          2               150         0         0
                                                         -----------   ---------
                                                           1,387,591      52,610

 PNC BK CORP                    COM            693475105     428,106       7,705  X          1              7705         0         0
                                                              90,455       1,628      X   X  1                 0      1628         0
                                                         -----------   ---------
                                                             518,561       9,333

 PPG INDS INC                   COM            693506107     937,670      18,296  X          1             17496         0       800
                                                             205,000       4,000      X   X  1              4000         0         0
                                                         -----------   ---------
                                                           1,142,670      22,296

 PALL CORP                      COM            696429307     431,437      26,050  X          1             24050      2000         0
                                                              77,842       4,700      X   X  1               600      4100         0
                                                         -----------   ---------
                                                             509,279      30,750

 PARKER HANNIFIN CORP           COM            701094104     541,118      15,799  X          1             14281      1518         0
                                                         -----------   ---------
                                                             541,118      15,799

 PENNEY J C INC                 COM            708160106     212,625       5,250  X          1              4150       700       400
                                                             230,445       5,690      X   X  1              4690      1000         0
                                                         -----------   ---------
                                                             443,070      10,940

 PEPSICO INC                    COM            713448108   7,130,272     181,955  X          1            178905      1250      1800
                                                           3,374,004      86,100      X   X  1             64750     21350         0
                                                              11,756         300  X          2               300         0         0
                                                         -----------   ---------
                                                          10,516,032     268,355

                COLUMN TOTAL                              15,549,037






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    28 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 PERFORMANCE FOOD GROUP CO      COM            713755106     204,750       7,800  X          1              7800         0         0
                                                         -----------   ---------
                                                             204,750       7,800

 PHARMACIA & UPJOHN INC         COM            716941109     202,407       3,245  X          1              3245         0         0
                                                         -----------   ---------
                                                             202,407       3,245

 PFIZER INC                     COM            717081103   5,258,766      37,901  X          1             37901         0         0
                                                           3,030,302      21,840      X   X  1             21840         0         0
                                                         -----------   ---------
                                                           8,289,068      59,741

 PHILIP MORRIS COS INC          COM            718154107   8,099,521     230,185  X          1            218085     10600      1500
                                                           4,675,470     132,875      X   X  1             33755     98820       300
                                                         -----------   ---------
                                                          12,774,991     363,060

 PITNEY BOWES INC               COM            724479100     789,863      12,390  X          1             12390         0         0
                                                         -----------   ---------
                                                             789,863      12,390

 POST PPTYS INC                 COM            737464107     333,500       9,200      X   X  1              9200         0         0
                                                         -----------   ---------
                                                             333,500       9,200

 PROCTER & GAMBLE CO            COM            742718109   7,214,827      73,668  X          1             68168      5500         0
                                                           3,659,809      37,369      X   X  1             15779     21590         0
                                                         -----------   ---------
                                                          10,874,636     111,037

 PROMUS HOTEL CORP NEW          COM            74342P106     690,108      18,972  X          1             18972         0         0
                                                         -----------   ---------
                                                             690,108      18,972

 PROVIDENT COS INC              COM            743862104   1,634,263      47,285  X          1             46785         0       500
                                                           2,721,653      78,747      X   X  1                 0     78747         0
                                                         -----------   ---------
                                                           4,355,916     126,032

 PROVIDIAN FINL CORP            COM            74406A102   1,641,750      14,925  X          1             14925         0         0
                                                         -----------   ---------
                                                           1,641,750      14,925

                COLUMN TOTAL                              40,156,989






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    29 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 PUBLIC SVC ENTERPRISE GROUP    COM            744573106     116,356       3,047  X          1              3047         0         0
                                                             153,702       4,025      X   X  1              4025         0         0
                                                         -----------   ---------
                                                             270,058       7,072

 RJR NABISCO HOLDINGS CORP      COM NEW        74960K876     248,750       9,950  X          1              9750       200         0
                                                              20,000         800      X   X  1               800         0         0
                                                         -----------   ---------
                                                             268,750      10,750

 R O C TAIWAN FD                SH BEN INT     749651105     534,271      83,000      X   X  1             83000         0         0
                                                         -----------   ---------
                                                             534,271      83,000

 RF MICRODEVICES INC            COM            749941100      95,687       1,000  X          1                 0      1000         0
                                                           2,870,610      30,000      X   X  1             30000         0         0
                                                         -----------   ---------
                                                           2,966,297      31,000

 RALSTON PURINA CO              COM RAL-PUR GP 751277302     186,942       7,005  X          1              7005         0         0
                                                              16,012         600      X   X  1               600         0         0
                                                         -----------   ---------
                                                             202,954       7,605

 RAYTHEON CO                    CL A           755111309     389,813       6,750  X          1              6750         0         0
                                                              22,928         397      X   X  1                59       338         0
                                                         -----------   ---------
                                                             412,741       7,147

 RAYTHEON CO                    CL B           755111408   2,553,782      43,561  X          1             42611       100       850
                                                             675,656      11,525      X   X  1               575     10950         0
                                                         -----------   ---------
                                                           3,229,438      55,086

 REGIONS FINL CORP              COM            758940100      95,011       2,744  X          1              2744         0         0
                                                           5,438,723     157,075      X   X  1                 0    157075         0
                                                         -----------   ---------
                                                           5,533,734     159,819

 RELIANT ENERGY INC             COM            75952J108     534,767      20,519  X          1             20519         0         0
                                                             258,797       9,930      X   X  1              7900      2030         0
                                                         -----------   ---------
                                                             793,564      30,449

                COLUMN TOTAL                              14,211,807






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    30 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 REPSOL S A                     SPONSORED ADR  76026T205   3,145,317      61,372  X          1             60572         0       800
                                                             751,736      14,668      X   X  1              2368     12300         0
                                                         -----------   ---------
                                                           3,897,053      76,040

 REUTERS GROUP PLC              SPONSORED ADR  76132M102     384,861       4,430  X          1              3697       733         0
                                                         -----------   ---------
                                                             384,861       4,430

 ROYAL DUTCH PETE CO            NY REG GLD1.25 780257804   1,909,440      36,720  X          1             35870       850         0
                                                             877,500      16,875      X   X  1              7675      9000       200
                                                               7,800         150  X          2               150         0         0
                                                         -----------   ---------
                                                           2,794,740      53,745

 SBC COMMUNICATIONS INC         COM            78387G103   4,798,172     101,684  X          1             96916      2536      2232
                                                           2,418,569      51,255      X   X  1             30871     18452      1932
                                                         -----------   ---------
                                                           7,216,741     152,939

 SAFECO CORP                    COM            786429100     668,019      16,520  X          1             16520         0         0
                                                             137,486       3,400      X   X  1              3400         0         0
                                                         -----------   ---------
                                                             805,505      19,920

 SAFEWAY INC                    COM NEW        786514208     205,248       4,000  X          1              4000         0         0
                                                         -----------   ---------
                                                             205,248       4,000

 SARA LEE CORP                  COM            803111103   2,549,525     103,011  X          1             97961      2600      2450
                                                             185,625       7,500      X   X  1              3900      3600         0
                                                               4,950         200  X          2               200         0         0
                                                         -----------   ---------
                                                           2,740,100     110,711

 SCANA CORP                     COM            805898103     240,509      11,090  X          1             10290         0       800
                                                             165,906       7,650      X   X  1              5850      1800         0
                                                         -----------   ---------
                                                             406,415      18,740

                COLUMN TOTAL                              18,450,663










1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    31 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 SCHERING PLOUGH CORP           COM            806605101  51,216,419     926,994  X          1            827594     98000      1400
                                                         379,763,307   6,873,544      X   X  1           6667506    206038         0
                                                              22,100         400  X          2               400         0         0
                                                         -----------   ---------
                                                         431,001,826   7,800,938

 SCHLUMBERGER LTD               COM            806857108   2,115,872      35,155  X          1             30905      3350       900
                                                             723,746      12,025      X   X  1              7225      4600       200
                                                               4,514          75  X          2                75         0         0
                                                         -----------   ---------
                                                           2,844,132      47,255

 SCOTTS CO                      CL A           810186106     239,201       6,400  X          1              6100       300         0
                                                              33,638         900      X   X  1               900         0         0
                                                         -----------   ---------
                                                             272,839       7,300

 SCRIPPS E W CO OHIO            CL A           811054204     411,525       9,300      X   X  1              9300         0         0
                                                         -----------   ---------
                                                             411,525       9,300

 SEARS ROEBUCK & CO             COM            812387108     878,705      19,446  X          1             17046       900      1500
                                                             464,659      10,283      X   X  1              8283      2000         0
                                                         -----------   ---------
                                                           1,343,364      29,729

 SERVICE CORP INTL              COM            817565104     423,225      29,700  X          1             29700         0         0
                                                              34,200       2,400      X   X  1                 0      2400         0
                                                         -----------   ---------
                                                             457,425      32,100

 SHONEYS INC                    COM            825039100         163          65  X          1                65         0         0
                                                              50,000      20,000      X   X  1                 0     20000         0
                                                         -----------   ---------
                                                              50,163      20,065

 SMITHKLINE BEECHAM PLC         ADR REP ORD    832378301     818,675      11,450  X          1             11450         0         0
                                                           1,716,000      24,000      X   X  1               400     23600         0
                                                         -----------   ---------
                                                           2,534,675      35,450

                COLUMN TOTAL                             438,915,949









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    32 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 SONAT INC                      COM            835415100      24,000         800  X          1               800         0         0
                                                             319,200      10,640      X   X  1              1200      9440         0
                                                         -----------   ---------
                                                             343,200      11,440

 SOUTHERN CO                    COM            842587107   1,248,450      53,554  X          1             49729      3825         0
                                                             568,906      24,404      X   X  1              9794     12610      2000
                                                               6,994         300  X          2               300         0         0
                                                         -----------   ---------
                                                           1,824,350      78,258

 SPRINT CORP                    COM FON GROUP  852061100   7,631,992      77,778  X          1             77078         0       700
                                                           1,208,021      12,311      X   X  1              4511      7400       400
                                                         -----------   ---------
                                                           8,840,013      90,089

 SPRINT CORP                    PCS COM SER 1  852061506     385,557       8,701  X          1              8701         0         0
                                                             222,046       5,011      X   X  1              1686      3125       200
                                                         -----------   ---------
                                                             607,603      13,712

 STERLING SOFTWARE INC          COM            859547101     544,475      22,925  X          1             21900      1025         0
                                                              69,470       2,925      X   X  1              2925         0         0
                                                               5,938         250  X          2               250         0         0
                                                         -----------   ---------
                                                             619,883      26,100

 STORAGE USA INC                COM            861907103     246,011       8,670  X          1              8670         0         0
                                                         -----------   ---------
                                                             246,011       8,670

 SUN MICROSYSTEMS INC           COM            866810104     712,854       5,700  X          1              5700         0         0
                                                           1,041,767       8,330      X   X  1              8330         0         0
                                                         -----------   ---------
                                                           1,754,621      14,030

 SUNTRUST BKS INC               COM            867914103   2,455,704      39,449  X          1             39249         0       200
                                                           4,581,601      73,600      X   X  1             16598     49602      7400
                                                         -----------   ---------
                                                           7,037,305     113,049

                COLUMN TOTAL                              21,272,986









1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    33 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 SYSCO CORP                     COM            871829107   4,873,820     185,232  X          1            183432       400      1400
                                                           1,564,723      59,468      X   X  1             32868     26600         0
                                                         -----------   ---------
                                                           6,438,543     244,700

 TECO ENERGY INC                COM            872375100     228,028      11,473  X          1             10873         0       600
                                                              67,576       3,400      X   X  1                 0      3400         0
                                                         -----------   ---------
                                                             295,604      14,873

 TANDY CORP                     COM            875382103     255,248       4,000  X          1              4000         0         0
                                                         -----------   ---------
                                                             255,248       4,000

 TELEFONOS DE MEXICO S A        SP ADR REP ORD 879403780     213,048       3,228  X          1              3228         0         0
                                                              39,600         600      X   X  1               600         0         0
                                                         -----------   ---------
                                                             252,648       3,828

 TENNECO INC NEW                COM            88037E101     506,553      18,132  X          1             17032      1100         0
                                                              99,064       3,546      X   X  1              1162      2384         0
                                                         -----------   ---------
                                                             605,617      21,678

 TEXACO INC                     COM            881694103   5,848,152     103,051  X          1            102651       400         0
                                                           1,332,321      23,477      X   X  1              8977     14500         0
                                                         -----------   ---------
                                                           7,180,473     126,528

 TEXAS INSTRS INC               COM            882508104     267,975       2,700  X          1              2700         0         0
                                                             655,050       6,600      X   X  1              6600         0         0
                                                         -----------   ---------
                                                             923,025       9,300

 TEXAS UTILS CO                 COM            882848104     248,430       5,915  X          1              5431        45       439
                                                             165,900       3,950      X   X  1              3350       600         0
                                                         -----------   ---------
                                                             414,330       9,865

 TIME WARNER INC                COM            887315109      28,112         397  X          1               397         0         0
                                                             522,592       7,380      X   X  1              6380      1000         0
                                                         -----------   ---------
                                                             550,704       7,777

                COLUMN TOTAL                              16,916,192






1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    34 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 TOYS R US INC                  COM            892335100     224,802      11,950  X          1             11950         0         0
                                                              58,317       3,100      X   X  1              1000      2100         0
                                                         -----------   ---------
                                                             283,119      15,050

 TRI CONTL CORP                 COM            895436103     196,417       6,773  X          1              6773         0         0
                                                              44,312       1,528      X   X  1              1528         0         0
                                                         -----------   ---------
                                                             240,729       8,301

 TRICON GLOBAL RESTAURANTS      COM            895953107     173,171       2,465  X          1              2425        40         0
                                                              77,275       1,100      X   X  1               600       500         0
                                                         -----------   ---------
                                                             250,446       3,565

 TRIBUNE CO NEW                 COM            896047107      32,719         500  X          1               500         0         0
                                                             531,676       8,125      X   X  1              8125         0         0
                                                         -----------   ---------
                                                             564,395       8,625

 TYCO INTL LTD NEW              COM            902124106     455,184       6,344  X          1              6344         0         0
                                                         -----------   ---------
                                                             455,184       6,344

 UAL CORP                       COM PAR $0.01  902549500     373,801       4,800      X   X  1              4800         0         0
                                                         -----------   ---------
                                                             373,801       4,800

 UST INC                        COM            902911106     180,263       6,900  X          1              6900         0         0
                                                              94,050       3,600      X   X  1              3600         0         0
                                                         -----------   ---------
                                                             274,313      10,500

 US BANCORP DEL                 COM            902973106     102,186       3,000  X          1              3000         0         0
                                                             214,591       6,300      X   X  1              6300         0         0
                                                         -----------   ---------
                                                             316,777       9,300

 UNUM CORP                      COM            903192102   3,884,864      81,680  X          1             80480      1000       200
                                                             190,248       4,000      X   X  1               800      3200         0
                                                         -----------   ---------
                                                           4,075,112      85,680

                COLUMN TOTAL                               6,833,876







1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    35 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 USX-U S STL                    COM            90337T101     446,290      18,991  X          1             18216       775         0
                                                              52,288       2,225      X   X  1              2225         0         0
                                                               4,700         200  X          2               200         0         0
                                                         -----------   ---------
                                                             503,278      21,416

 UNILEVER N V                   NEW YORK SHS   904784501     518,542       7,805  X          1              7505         0       300
                                                             312,255       4,700      X   X  1               200      4500         0
                                                         -----------   ---------
                                                             830,797      12,505

 UNION PAC CORP                 COM            907818108   1,189,242      22,255  X          1             20655      1600         0
                                                             308,545       5,774      X   X  1              2924      2850         0
                                                         -----------   ---------
                                                           1,497,787      28,029

 UNION PAC RES GROUP INC        COM            907834105     103,410       8,708  X          1              7354      1354         0
                                                              51,977       4,377      X   X  1              2095      2282         0
                                                         -----------   ---------
                                                             155,387      13,085

 UNION PLANTERS CORP            COM            908068109   1,026,284      23,358  X          1             20718      2588        52
                                                             258,965       5,894      X   X  1              3056      2838         0
                                                         -----------   ---------
                                                           1,285,249      29,252

 UNITED HEALTHCARE CORP         COM            910581107     666,812      12,671  X          1             12471         0       200
                                                              99,988       1,900      X   X  1              1900         0         0
                                                         -----------   ---------
                                                             766,800      14,571

 U S WEST INC NEW               COM            91273H101   1,858,618      33,755  X          1             31965       980       810
                                                             629,249      11,428      X   X  1              5940      5488         0
                                                               9,636         175  X          2               175         0         0
                                                         -----------   ---------
                                                           2,497,503      45,358

 UNITED TECHNOLOGIES CORP       COM            913017109   1,617,120      11,940  X          1             11240       700         0
                                                             896,595       6,620      X   X  1              5350      1120       150
                                                         -----------   ---------
                                                           2,513,715      18,560

                COLUMN TOTAL                              10,050,516








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    36 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 UNOCAL CORP                    COM            915289102     450,614      12,220  X          1             12220         0         0
                                                         -----------   ---------
                                                             450,614      12,220

 VITESSE SEMICONDUCTOR CORP     COM            928497106     379,688       7,500  X          1              7500         0         0
                                                         -----------   ---------
                                                             379,688       7,500

 VULCAN MATLS CO                COM            929160109     793,197      19,200  X          1             17400       300      1500
                                                          14,512,906     351,300      X   X  1             10500    340800         0
                                                         -----------   ---------
                                                          15,306,103     370,500

 WACHOVIA CORP                  COM            929771103     637,888       7,857  X          1              7599         0       258
                                                             406,747       5,010      X   X  1              1510      3500         0
                                                         -----------   ---------
                                                           1,044,635      12,867

 WAL MART STORES INC            COM            931142103   8,467,100      91,847  X          1             88997       650      2200
                                                           1,364,092      14,797      X   X  1              6447      7950       400
                                                         -----------   ---------
                                                           9,831,192     106,644

 WALGREEN CO                    COM            931422109   7,684,226     272,008  X          1            269208         0      2800
                                                           5,841,592     206,782      X   X  1             48400    158382         0
                                                         -----------   ---------
                                                          13,525,818     478,790

 WARNER LAMBERT CO              COM            934488107   3,499,128      52,817  X          1             52517       300         0
                                                           3,093,809      46,699      X   X  1             38099      8000       600
                                                         -----------   ---------
                                                           6,592,937      99,516

 WASTE MGMT INC DEL             COM            94106L109   1,751,658      39,474  X          1             36429      3045         0
                                                             495,356      11,163      X   X  1              1485      9678         0
                                                         -----------   ---------
                                                           2,247,014      50,637

 WAUSAU-MOSINEE PAPER CORP      COM            943315101     531,986      37,999  X          1             34724      3275         0
                                                             114,450       8,175      X   X  1              1050      7125         0
                                                         -----------   ---------
                                                             646,436      46,174

                COLUMN TOTAL                              50,024,437







1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    37 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 WELLS FARGO & CO NEW           COM            949746101   8,763,152     249,933  X          1            241833      4000      4100
                                                           3,652,936     104,185      X   X  1             67745     36440         0
                                                         -----------   ---------
                                                          12,416,088     354,118

 WEYERHAEUSER CO                COM            962166104     836,664      15,075  X          1             14675       400         0
                                                             205,518       3,703      X   X  1              3453       250         0
                                                               5,550         100  X          2               100         0         0
                                                         -----------   ---------
                                                           1,047,732      18,878

 WHIRLPOOL CORP                 COM            963320106   1,023,617      18,825  X          1             18175       650         0
                                                             104,673       1,925      X   X  1              1925         0         0
                                                              10,875         200  X          2               200         0         0
                                                         -----------   ---------
                                                           1,139,165      20,950

 WILLIAMS COS INC DEL           COM            969457100     280,450       7,100  X          1              7100         0         0
                                                              47,400       1,200      X   X  1              1200         0         0
                                                         -----------   ---------
                                                             327,850       8,300

 WISCONSIN ENERGY CORP          COM            976657106     287,049      11,014  X          1              7014      4000         0
                                                              78,186       3,000      X   X  1                 0      3000         0
                                                         -----------   ---------
                                                             365,235      14,014

 WORTHINGTON INDS INC           COM            981811102     272,600      23,200  X          1             20200      3000         0
                                                              72,850       6,200      X   X  1              1400      4800         0
                                                         -----------   ---------
                                                             345,450      29,400

 WRIGLEY WM JR CO               COM            982526105     288,494       3,190  X          1              3190         0         0
                                                           1,546,473      17,100      X   X  1             17100         0         0
                                                         -----------   ---------
                                                           1,834,967      20,290

 XILINX INC                     COM            983919101     129,798       3,200  X          1              3200         0         0
                                                             421,845      10,400      X   X  1             10400         0         0
                                                         -----------   ---------
                                                             551,643      13,600

                COLUMN TOTAL                              18,028,130








1                                                          FORM 13F                                              FILE NO. 28-227
 PAGE    38 OF    38                  NAME OF REPORTING MANAGER:FTN CORPORATION                                       AS OF 03/31/99
    ITEM 1:                        ITEM 2:     ITEM 3:     ITEM 4:      ITEM 5:     ITEM 6:   ITEM 7:            ITEM 8:
                                                                                 INVESTMENT
                                                                       SHARES OF DISCRETION
                                               CUSIP     FAIR MARKET   PRINCIPAL (A) (B) (C) MANAGERS    VOTING AUTHORITY (SHARES)
 NAME OF ISSUER                 TITLE OF CLASS NUMBER       VALUE      AMOUNT    SOL SHR OTH INSTR. V   (A) SOLE (B)SHARED  (C) NONE
 ---------------------------    -------------- --------- -----------   --------- --- --- --- --------  --------- --------- ---------

 XEROX CORP                     COM            984121103   1,339,615      25,700  X          1             24600       200       900
                                                             591,621      11,350      X   X  1              4650      6200       500
                                                         -----------   ---------
                                                           1,931,236      37,050

 YPF SOCIEDAD ANONIMA           SPON ADR CL D  984245100   6,349,237     201,167  X          1            199467       500      1200
                                                           1,054,865      33,422      X   X  1             10522     22900         0
                                                         -----------   ---------
                                                           7,404,102     234,589

 YORK INTL CORP NEW             COM            986670107     261,306       7,400  X          1              7200       200         0
                                                              70,624       2,000      X   X  1                 0      2000         0
                                                         -----------   ---------
                                                             331,930       9,400

                COLUMN TOTAL                               9,667,268

                 GRAND TOTAL                           1,578,753,969



































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