UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name:FIRST TENNESSEE NATIONAL ASSOCIATION______
Address: 165 Madison Avenue 7th Floor_______________
Memphis, Tennessee 38103_________________
__________________________________________
Form 13F File Number: 28-227
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David Taylor, SVP________________________
Title:Senior Vice President____________________
Phone: (901) 523-4638___________________________
Signature, Place, and Date of Signing:
DAVID TAYLOR, SVP____ MEMPHIS, TN________ APRIL 28, 1999
[Signature] City, State] [Date]
Report Type (Check only one.):
[x] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
<PAGE>
<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
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
</TABLE>