FIRST TENNESSEE NATIONAL CORP
13F-HR, 1999-04-28
NATIONAL COMMERCIAL BANKS
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: 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>


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