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<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/95
Institutional Investment Manager:
MERCANTILE BANKSHARES CORPORATION
2 HOPKINS PLAZA
BALTIMORE MD 21203
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION
IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL
PARTS OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT
ALL UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND
COMPLETE AS PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
JOHN A. O'CONNOR, JR. SR. VICE PRESIDENT & SECRETA 410-237-5204
Signature, Place and Date of Signing:
/s/ JOHN A. O'CONNOR, JR. BALTIMORE MD 07/31/95
Other Managers on Whose Behalf this Report is Filed:
01 FREDERICKTOWN BANK & TRUST
02 MERCANTILE-SAFE DEPOSIT & TRUST COMPANY 028-00125
03 THE NATIONAL BANK OF FREDERICKSBURG
<PAGE> PAGE 2
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AT&T CORP COM 001957109 20187 380900 SH DEFINED 02 158240 111588 111072
AT&T CORP COM 001957109 304 5742 SH DEFINED 03 5542 0 200
ABBOTT LABS COM 002824100 10075 248782 SH DEFINED 02 35688 91644 121450
ABBOTT LABS COM 002824100 271 6700 SH DEFINED 03 6050 0 650
ADVANCED TECHNOLOGY LABS INC COM 00755N106 225 14325 SH DEFINED 02 975 80 13270
CORESOURCE INC COM 007990104 187 187500 SH DEFINED 02 187500 0 0
CORESOURCE INC PFD 007990120 937 937500 SH DEFINED 02 937500 0 0
AETNA LIFE & CAS CO COM 008140105 784 12472 SH DEFINED 02 4204 4700 3568
AHMANSON H F & CO COM 008677106 5580 253650 SH DEFINED 02 244650 1300 7700
AHMANSON H F & CO COM 008677106 50 2250 SH DEFINED 03 2250 0 0
AIR PRODS & CHEMS INC COM 009158106 14385 258038 SH DEFINED 02 135438 69787 52813
AIR PRODS & CHEMS INC COM 009158106 60 1075 SH DEFINED 03 1075 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 10298 361345 SH DEFINED 02 190368 97709 73268
AIRTOUCH COMMUNICATIONS INC COM 00949T100 22 756 SH DEFINED 03 676 0 80
ALBAN CO PFD 012997110 0 281523 SH DEFINED 02 0 281523 0
ALBAN CO COM 012997102 0 12500 SH DEFINED 02 0 12500 0
ALBERTSON'S INC COM 013104104 241 8150 SH DEFINED 02 0 6400 1750
ALCAN ALUM LTD NEW COM 013716105 370 12185 SH DEFINED 02 4165 850 7170
ALCO STD CORP COM 013788104 2814 35239 SH DEFINED 02 200 1750 33289
ALCO STD CORP CPF 013788500 332 3708 PRN DEFINED 02 50 150 3508
ALEX BROWN INC COM 013902101 686 15964 SH DEFINED 02 0 15507 457
ALEXANDER & ALEXANDER SVCS INC SUB 014476AA3 4 4000 PRN DEFINED 02 4000 0 0
ALLEGHENY PWR SYS INC COM 017411109 444 18931 SH DEFINED 02 4825 9106 5000
ALLERGAN INC COM 018490102 281 10384 SH DEFINED 02 3584 5200 1600
ALLIANCE FD COM 01859K105 108 15695 SH DEFINED 02 0 2454 13241
ALLIED SIGNAL INC COM 019512102 686 15424 SH DEFINED 02 5510 8568 1346
ALLIED SIGNAL INC COM 019512102 18 4000 SH DEFINED 03 4000 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 238 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 774 26150 SH DEFINED 02 6300 14700 5150
ALLTRISTA CORP COM 020040101 369 19210 SH DEFINED 02 0 19100 110
ALUMINUM CO AMER COM 022249106 6520 130075 SH DEFINED 02 83900 34860 11315
AMERADA HESS CORP COM 023551104 626 12821 SH DEFINED 02 500 2245 10076
AMERICAN ASIATIC OIL CORP COM 023879109 0 200000 SH DEFINED 02 0 90000 110000
AMERICAN BRANDS INC COM 024703100 3434 86396 SH DEFINED 02 30115 31306 24975
AMERICAN ELEC PWR INC COM 025537101 522 14873 SH DEFINED 02 5961 6363 2549
AMERICAN EXPRESS CO COM 025816109 442 12550 SH DEFINED 02 3598 1300 7652
AMERICAN EXPRESS CO COM 025816109 1639 46523 SH DEFINED 02 25056 19557 1910
AMERICAN GENERAL CORP COM 026351106 10129 300123 SH DEFINED 02 83861 124309 91953
AMERICAN GREETINGS CORP COM 026375105 681 23200 SH DEFINED 02 0 0 23200
AMERICAN HOME PRODS CORP COM 026609107 75820 979915 SH DEFINED 02 474631 261803 243481
AMERICAN HOME PRODS CORP COM 026609107 282 3650 SH DEFINED 03 3550 0 100
AMERICAN INTL GROUP INC COM 026874107 9398 82443 SH DEFINED 02 30940 17471 34032
AMERITECH CORP NEW COM 030954101 26702 606869 SH DEFINED 02 294740 144268 167861
AMERITECH CORP NEW COM 030954101 83 1876 SH DEFINED 03 1756 0 120
AMGEN INC COM 031162100 1542 19175 SH DEFINED 02 13950 2650 2575
AMOCO CDA PETE CO SUB 031678AC9 139 110000 PRN DEFINED 02 108000 1000 1000
AMP INC COM 031897101 32636 772463 SH DEFINED 02 385542 216171 170750
AMP INC COM 031897101 78 1850 SH DEFINED 03 1550 0 300
AMOCO CORP COM 031905102 52090 781842 SH DEFINED 02 405902 200134 175806
AMOCO CORP COM 031905102 149 2244 SH DEFINED 03 894 0 1350
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMSOUTH BANCORPORATION COM 032165102 688 21105 SH DEFINED 02 0 0 21105
ANADARKO PETE CORP COM 032511107 636 14716 SH DEFINED 02 0 1200 13516
ANHEUSER BUSCH COS INC COM 035229103 456 8022 SH DEFINED 02 350 3968 3704
AON CORP COM 037389103 526 14142 SH DEFINED 02 504 5388 8250
AON CORP COM 037389103 50 1338 SH DEFINED 03 1038 0 300
APACHE CORP COM 037411105 1308 47817 SH DEFINED 02 11400 16317 20100
APPLE COMPUTER INC COM 037833100 28230 607926 SH DEFINED 02 402666 53750 151510
ARCHER DANIELS MIDLAND CO COM 039483102 712 38237 SH DEFINED 02 363 17252 20622
ARCHER DANIELS MIDLAND CO COM 039483102 10 519 SH DEFINED 03 519 0 0
GUINNESS PLC ORD GBP 0.25 COM 039600002 90 12000 SH DEFINED 02 0 12000 0
ASEA AB COM 043655307 5354 62620 SH DEFINED 02 25841 23125 13654
ATLANTA GAS LT CO COM 047753108 600 17274 SH DEFINED 02 8077 6364 2833
ATLANTIC RICHFIELD CO COM 048825103 38939 354801 SH DEFINED 02 200033 81377 73391
ATLANTIC RICHFIELD CO COM 048825103 135 1230 SH DEFINED 03 1230 0 0
ATMEL CORP COM 049513104 208 3760 SH DEFINED 02 0 2500 1260
AURA SYS INC COM 051526101 128 26000 SH DEFINED 02 10000 0 16000
AUTODESK INC COM 052769106 6783 157750 SH DEFINED 02 120925 15950 20875
AVERY DENNISON CORP COM 053611109 513 12848 SH DEFINED 02 4200 5248 3400
AVNET INC SUB 053807AB9 765 680000 PRN DEFINED 02 535000 40000 105000
AVNET INC COM 053807103 864 17912 SH DEFINED 02 10400 5100 2412
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 217 3252 SH DEFINED 02 295 146 2811
BAKER HUGHES INC COM 057224107 443 21621 SH DEFINED 02 16525 1376 3720
BALTIMORE CEMETERY COMPANY COM 058991100 1755 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 20155 806226 SH DEFINED 02 259138 247163 299925
BALTIMORE GAS & ELEC CO COM 059165100 38 1500 SH DEFINED 03 1500 0 0
BALTIMORE RADIO SHOW INC COM 059275107 0 10578 SH DEFINED 02 0 10578 0
BANC ONE CORP COM 059438101 311 9655 SH DEFINED 02 381 4832 4442
BARD C R INC COM 067383109 534 17805 SH DEFINED 02 16805 1000 0
BARNES & NOBLE INC COM 067774109 863 25400 SH DEFINED 02 0 0 25400
BARNETT BKS INC COM 068055102 4852 94461 SH DEFINED 02 68298 8250 17913
BARNETT BKS INC COM 068055102 74 1446 SH DEFINED 03 1446 0 0
BARNETT BKS INC CPF 068055300 2107 21725 PRN DEFINED 02 15200 1600 4925
BAXTER INTL INC COM 071813109 1421 39088 SH DEFINED 02 10579 16370 12139
BAY NETWORKS INC COM 072510100 361 8732 SH DEFINED 02 2000 6732 0
BEARINGS INC NEW COM 074005208 1307 42687 SH DEFINED 02 35975 1425 5287
BECKMAN INSTRS INC COM 075816108 581 20869 SH DEFINED 02 11030 1812 8027
BECTON DICKINSON & CO COM 075887109 968 16625 SH DEFINED 02 1200 13350 2075
BELL ATLANTIC CORP COM 077853109 44287 790841 SH DEFINED 02 428653 177530 184658
BELL ATLANTIC CORP COM 077853109 159 2838 SH DEFINED 03 2838 0 0
BELLSOUTH CORP COM 079860102 40180 632756 SH DEFINED 02 362346 102229 168181
BELLSOUTH CORP COM 079860102 279 4389 SH DEFINED 03 4239 0 150
BEMIS INC COM 081437105 244 9400 SH DEFINED 02 0 0 9400
BENEFICIAL CORP COM 081721102 1154 26228 SH DEFINED 02 12770 4658 8800
BERKSHIRE HATHAWAY INC DEL COM 084670108 62869 2681 SH DEFINED 02 0 775 1906
BERKSHIRE HATHAWAY INC DEL COM 084670108 23 1 SH DEFINED 03 1 0 0
BETZ LABS INC COM 087779104 3693 81614 SH DEFINED 02 64814 2000 14800
BETZ LABS INC COM 087779104 45 1000 SH DEFINED 03 1000 0 0
BIOWHITTAKER INC COM 09066T108 156 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 884 28636 SH DEFINED 02 11216 8941 8479
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BLOCK H & R INC COM 093671105 430 10500 SH DEFINED 02 700 0 9800
BOEING CO COM 097023105 10442 166749 SH DEFINED 02 118176 26037 22536
BOEING CO COM 097023105 5 75 SH DEFINED 03 75 0 0
BOISE CASCADE CORP SUB 097383AK9 73 70000 PRN DEFINED 02 50000 0 20000
BOSTON CHICKEN INC COM 100578103 824 34100 SH DEFINED 02 0 0 34100
BOSTON METALS COMPANY NON-VTG COM 100990100 2288 73815 SH DEFINED 02 0 0 73815
CHARLES T. BRANDT INC COM 104995105 358 73 SH DEFINED 02 0 73 0
BRANDYWINE FD INC COM 10532D107 534 17957 SH DEFINED 02 0 17957 0
BRISTOL MYERS SQUIBB CO COM 110122108 86119 1264136 SH DEFINED 02 535267 190113 538756
BRISTOL MYERS SQUIBB CO COM 110122108 150 2200 SH DEFINED 03 2200 0 0
BRITISH PETE LTD COM 110889409 14471 169012 SH DEFINED 02 135814 10411 22787
BROOKLYN UN GAS CO COM 114259104 8954 341111 SH DEFINED 02 253925 45642 41544
BROWN & SHARPE MFG CO SUB 115223AA7 4 5000 PRN DEFINED 02 5000 0 0
BROWNING FERRIS INDS INC SUB 115885AF2 76 75000 PRN DEFINED 02 0 0 75000
BROWNING FERRIS INDS INC COM 115885105 36 1000 SH DEFINED 03 1000 0 0
BUILDERS TRANS INC SUB 120084AA6 243 270000 PRN DEFINED 02 190000 0 80000
BURLINGTON NORTHERN INC COM 121897102 784 12381 SH DEFINED 02 6100 3230 3051
BURLINGTON NORTHERN INC COM 121897102 13 200 SH DEFINED 03 200 0 0
BURLINGTON RES INC COM 122014103 444 12060 SH DEFINED 02 1300 9129 1631
BURLINGTON RES INC COM 122014103 44 1200 SH DEFINED 03 1200 0 0
BURMAH CASTROL PLC COM 122169303 229 7871 SH DEFINED 02 0 5892 1979
CBS INC COM 124845108 298 4460 SH DEFINED 02 2800 765 895
CIGNA CORP SUB 125509AB5 51 45000 PRN DEFINED 02 0 0 45000
CIGNA CORP COM 125509109 1176 15157 SH DEFINED 02 8398 764 5995
CPC INTL INC COM 126149103 12054 195212 SH DEFINED 02 78872 77634 38706
CSX CORP COM 126408103 2796 37227 SH DEFINED 02 10826 15509 10892
CSX CORP COM 126408103 30 400 SH DEFINED 03 400 0 0
CUC INTL INC COM 126545102 686 16300 SH DEFINED 02 0 0 16300
CAMBRIDGE NEUROSCIENCE INC COM 132426107 57 10000 SH DEFINED 02 0 0 10000
CAMCO INTL INC COM 132632100 663 28400 SH DEFINED 02 0 0 28400
CAMPBELL SOUP CO COM 134429109 244 4992 SH DEFINED 02 3092 700 1200
CAPITAL CITIES ABC INC COM 139859102 1283 11880 SH DEFINED 02 0 3500 8380
CAPITAL EXCHANGE FD INC COM 140105107 317 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 1750 89785 SH DEFINED 02 39354 32310 18121
CAPITAL ONE FINL CORP COM 14040H105 39 2000 SH DEFINED 03 2000 0 0
CAROLINA PWR & LT CO COM 144141108 508 16800 SH DEFINED 02 3400 7730 5670
CAROLINA PWR & LT CO COM 144141108 12 400 SH DEFINED 03 400 0 0
CATERPILLAR INC COM 149123101 25012 389294 SH DEFINED 02 263676 19502 106116
CEDAR FAIR L P COM 150185106 223 7000 SH DEFINED 02 0 2000 5000
CENTRAL & SOUTH WEST CORP COM 152357109 647 24677 SH DEFINED 02 8747 10240 5690
CENTRAL & SOUTH WEST CORP COM 152357109 190 7256 SH DEFINED 03 7256 0 0
CENTURY TEL ENTERPRISES INC COM 156686107 729 25700 SH DEFINED 02 0 0 25700
CHEVRON CORP COM 166751107 35800 771986 SH DEFINED 02 436855 131826 203305
CHEVRON CORP COM 166751107 54 1168 SH DEFINED 03 1168 0 0
CHIRON CORP COM 170040109 441 6793 SH DEFINED 02 0 6700 93
CHRYSLER CORP COM 171196108 416 8693 SH DEFINED 02 4390 600 3703
CHUBB CORP COM 171232101 37413 466940 SH DEFINED 02 269597 55023 142320
CHUBB CORP COM 171232101 40 500 SH DEFINED 03 500 0 0
CINCINNATI FINL CORP COM 172062101 205 3675 SH DEFINED 02 0 420 3255
CISCO SYS INC COM 17275R102 715 14160 SH DEFINED 02 7000 0 7160
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CITICORP COM 173034109 1007 17409 SH DEFINED 02 4643 7076 5690
CITICORP COM 173034109 23 400 SH DEFINED 03 400 0 0
COCA COLA CO COM 191216100 62940 987308 SH DEFINED 02 425903 299589 261816
COCA COLA CO COM 191216100 87 1360 SH DEFINED 03 1360 0 0
COLGATE PALMOLIVE CO COM 194162103 5682 77706 SH DEFINED 02 30294 24300 23112
COLGATE PALMOLIVE CO COM 194162103 77 1050 SH DEFINED 03 900 0 150
COLLEGE MANOR INC COM 194990305 517 326 SH DEFINED 02 0 326 0
COLUMBIA / HCA HEALTHCARE COM 197677107 1179 27268 SH DEFINED 02 10256 17012 0
COMERICA INC COM 200340107 746 23250 SH DEFINED 02 8600 0 14650
COMPUTER DATA SYS COM 205017106 220 20000 SH DEFINED 02 0 0 20000
CONCORD EFS INC COM 206197105 719 26900 SH DEFINED 02 0 21725 5175
CONRAIL INC COM 208368100 1677 30150 SH DEFINED 02 1950 26700 1500
CONSECO INC COM 208464107 300 6628 SH DEFINED 02 3200 0 3428
CONSOLIDATED EDISON CO N Y INC COM 209111103 317 10757 SH DEFINED 02 4476 1621 4660
CONSOLIDATED EDISON CO N Y INC COM 209111103 13 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 125 120000 PRN DEFINED 02 50000 40000 30000
CONSOLIDATED NAT GAS CO COM 209615103 3880 103468 SH DEFINED 02 36842 39078 27548
CONSOLIDATED NAT GAS CO COM 209615103 46 1220 SH DEFINED 03 870 0 350
COOPER INDS INC SUB 216669AC5 7581 7264000 PRN DEFINED 02 5537000 1063000 664000
COOPER INDS INC COM 216669101 9050 229127 SH DEFINED 02 146454 38904 43769
COOPER TIRE & RUBR CO COM 216831107 689 28300 SH DEFINED 02 0 0 28300
COORS ADOLPH CO COM 217016104 3181 194300 SH DEFINED 02 168600 17000 8700
COORS ADOLPH CO COM 217016104 41 2500 SH DEFINED 03 2500 0 0
CORESTATES FINL CORP COM 218695104 59808 1727324 SH DEFINED 02 963716 367193 396415
CORNING INC COM 219350105 5135 156806 SH DEFINED 02 46554 51754 58498
COSTCO WHSL CORP SUB 221607AB0 92 100000 PRN DEFINED 02 100000 0 0
COX COMMUNICATIONS INC NEW COM 224044107 1892 97661 SH DEFINED 02 42297 30868 24496
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 9690 437990 SH DEFINED 02 374505 15105 48380
DPL INC COM 233293109 40 1800 SH DEFINED 03 1800 0 0
DSC COMMUNICATIONS COM 233311109 610 13130 SH DEFINED 02 2500 7700 2930
DANA CORP COM 235811106 7824 273337 SH DEFINED 02 121234 20160 131943
DANKA BUSINESS SYS PLC COM 236277109 1056 43700 SH DEFINED 02 0 0 43700
DARDEN RESTAURANTS INC COM 237194105 186 17160 SH DEFINED 02 11960 2700 2500
DEAN WITTER DISCOVER & CO COM 24240V101 320 6820 SH DEFINED 02 3008 390 3422
DEERE & CO COM 244199105 18183 212365 SH DEFINED 02 117675 22724 71966
DELMARVA PWR & LT CO COM 247109101 761 37169 SH DEFINED 02 3539 14489 19141
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
DELTA AIR LINES INC DEL COM 247361108 7852 106475 SH DEFINED 02 87150 5330 13995
DELTA AIR LINES INC DEL CPF 247361306 11757 200985 PRN DEFINED 02 132255 23992 44738
DELTA WOODSIDE INDS INC NEW COM 247909104 2687 352500 SH DEFINED 02 301500 25500 25500
DELTA WOODSIDE INDS INC NEW COM 247909104 36 4700 SH DEFINED 03 4700 0 0
DEXTER CORP COM 252165105 8144 344733 SH DEFINED 02 192100 16983 135650
DIGI INTL INC COM 253798102 286 12600 SH DEFINED 02 0 8300 4300
DIGITAL EQUIP CORP COM 253849103 12222 299937 SH DEFINED 02 218740 38102 43095
DILLARD DEPT STORES INC COM 254063100 270 9200 SH DEFINED 02 0 0 9200
DISNEY WALT CO COM 254687106 2329 41964 SH DEFINED 02 4168 16420 21376
DISNEY WALT CO COM 254687106 110 1976 SH DEFINED 03 1976 0 0
DOMINION RES INC VA COM 257470104 713 19555 SH DEFINED 02 5166 8157 6232
DOMINION RES INC VA COM 257470104 330 9043 SH DEFINED 03 8843 0 200
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DONALDSON INC COM 257651109 732 28042 SH DEFINED 02 1124 10600 16318
DONNELLEY R R & SONS CO COM 257867101 3475 96534 SH DEFINED 02 30250 45784 20500
DOVER CORP COM 260003108 10570 145300 SH DEFINED 02 64617 35850 44833
DOW CHEM CO COM 260543103 32387 450615 SH DEFINED 02 228927 143011 78677
DRESSER INDS INC COM 261597108 20626 927023 SH DEFINED 02 502073 231073 193877
DU PONT E I DE NEMOURS & CO COM 263534109 63472 923237 SH DEFINED 02 429898 278130 215209
DU PONT E I DE NEMOURS & CO COM 263534109 130 1890 SH DEFINED 03 1890 0 0
DUKE PWR CO COM 264399106 6788 163578 SH DEFINED 02 92217 30867 40494
DUKE PWR CO COM 264399106 42 1000 SH DEFINED 03 1000 0 0
DUN & BRADSTREET CORP COM 264830100 67259 1281125 SH DEFINED 02 1008345 142040 130740
DUN & BRADSTREET CORP COM 264830100 66 1250 SH DEFINED 03 1250 0 0
DUNDEE MLS INC COM 265219105 1241 680 SH DEFINED 02 680 0 0
E M C CORP MASS COM 268648102 230 9500 SH DEFINED 02 9500 0 0
EASTMAN CHEM CO COM 277432100 845 14215 SH DEFINED 02 5616 6358 2241
EASTMAN KODAK CO COM 277461109 14239 234886 SH DEFINED 02 100147 73768 60971
EASTMAN KODAK CO COM 277461109 112 1850 SH DEFINED 03 1850 0 0
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2162 0 810
EATON CORP COM 278058102 2539 43684 SH DEFINED 02 12002 13984 17698
EATON CORP COM 278058102 45 766 SH DEFINED 03 766 0 0
ECHLIN INC COM 278749106 307 8850 SH DEFINED 02 1700 0 7150
EMERSON ELEC CO COM 291011104 29334 410273 SH DEFINED 02 232963 71549 105761
EMERSON ELEC CO COM 291011104 105 1475 SH DEFINED 03 1225 0 250
ENRON CORP COM 293561106 8474 241279 SH DEFINED 02 67760 48164 125355
EQUITABLE GAS CO SUB 294497AJ1 147 65000 PRN DEFINED 02 0 0 65000
EQUITABLE RES INC COM 294549100 29872 1034559 SH DEFINED 02 708185 134620 191754
EQUITABLE RES INC COM 294549100 52 1800 SH DEFINED 03 1800 0 0
EQUITEC FINL GROUP INC SUB 294588AC2 1 50000 PRN DEFINED 02 0 0 50000
ERICSSON L M TEL CO COM 294821400 6208 310400 SH DEFINED 02 55400 167200 87800
EURO PAC GROWTH FD COM 298706102 1279 57623 SH DEFINED 02 57623 0 0
EXXON CORP COM 302290101 132773 1879981 SH DEFINED 02 835087 624446 420448
EXXON CORP COM 302290101 476 6740 SH DEFINED 03 6615 0 125
F&M BANCORP COM 302367107 1784 69294 SH DEFINED 02 2280 47718 19296
FPL GROUP INC COM 302571104 358 9287 SH DEFINED 02 6150 937 2200
FCNB CORP COM 302920103 776 36953 SH DEFINED 02 11787 12775 12391
FASTENAL CO COM 311900104 1060 38830 SH DEFINED 02 0 29900 8930
FEDERAL HOME LN MTG CORP COM 313400301 928 13506 SH DEFINED 02 1800 4206 7500
FIDELITY ADVISOR SER I COM 315805101 480 13518 SH DEFINED 02 0 13518 0
FIRST AMER BK CORP COM 318906104 299 8062 SH DEFINED 02 8062 0 0
FIRST BK SYS INC COM 319279105 549 13400 SH DEFINED 02 0 13400 0
FIRST CHICAGO CORP COM 319455101 289 4831 SH DEFINED 02 0 4406 425
FIRST COLONY CORP COM 319741104 6394 266434 SH DEFINED 02 239317 6067 21050
FIRST COLONY CORP COM 319741104 3 133 SH DEFINED 03 133 0 0
FIRST COMM CORP COM 319779104 254 8618 SH DEFINED 02 0 0 8618
FIRST FID BANCORPORATION NEW COM 320195100 383 6501 SH DEFINED 02 3681 400 2420
FIRST FID BANCORPORATION NEW COM 320195100 31 520 SH DEFINED 03 520 0 0
FIRST FINL MGMT CORP COM 320245103 592 6931 SH DEFINED 02 0 900 6031
FIRST USA INC COM 33743H105 463 10450 SH DEFINED 02 0 0 10450
FIRST VA BKS INC COM 337477103 281 7498 SH DEFINED 02 0 1398 6100
FIRST VA BKS INC COM 337477103 52 1375 SH DEFINED 03 1375 0 0
FIRSTAR CORP NEW COM 33761C103 363 10796 SH DEFINED 02 0 0 10796
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
FISERV INC COM 337738108 1147 40800 SH DEFINED 02 0 8500 32300
FISHER SCIENTIFIC INTL INC SUB 338032AA3 307 290000 PRN DEFINED 02 0 10000 280000
FISHER SCIENTIFIC INTL INC COM 338032105 251 7590 SH DEFINED 02 0 700 6890
FLAG INVS VALUE BLDR FD INC COM 33832R105 196 15187 SH DEFINED 02 0 0 15187
FLAG INVS TEL INCOME FD INC COM 338331101 677 49395 SH DEFINED 02 7246 37868 4281
FLEETWOOD ENTERPRISES INC COM 339099103 3511 177800 SH DEFINED 02 45100 89400 43300
FLEMING COS INC COM 339130106 13566 511955 SH DEFINED 02 335545 11820 164590
FLIGHTSAFETY INTL INC COM 339423105 496 10191 SH DEFINED 02 541 300 9350
FLORIDA EAST COAST INDS INC COM 340632108 2655 36000 SH DEFINED 02 0 0 36000
FLORIDA PROGRESS CORP COM 341109106 313 10029 SH DEFINED 02 200 9829 0
FORD MTR CO DEL COM 345370100 550 18488 SH DEFINED 02 4115 4040 10333
FORD MTR CO DEL COM 345370100 53 1792 SH DEFINED 03 1792 0 0
FREEPORT MCMORAN INC COM 356714105 478 27136 SH DEFINED 02 1452 7760 17924
FREEPORT MCMORAN RESOURCE COM 356903104 174 10116 SH DEFINED 02 200 4816 5100
FRITZ COS INC COM 358846103 403 6875 SH DEFINED 02 0 5400 1475
GTE CORP COM 362320103 19062 558616 SH DEFINED 02 246992 187847 123777
GTE CORP COM 362320103 507 14859 SH DEFINED 03 14109 0 750
GANNETT INC COM 364730101 9821 181034 SH DEFINED 02 99811 51809 29414
GARDNER DENVER MACHY INC COM 365558105 647 36977 SH DEFINED 02 1389 35314 274
GENERAL DYNAMICS CORP COM 369550108 221 5000 SH DEFINED 02 0 5000 0
GENERAL ELEC CO COM 369604103 146104 2591659 SH DEFINED 02 1164832 909533 517294
GENERAL ELEC CO COM 369604103 761 13504 SH DEFINED 03 13104 0 400
GENERAL INSTR CORP NEW SUB 370121AA3 104 65000 PRN DEFINED 02 0 10000 55000
GENERAL INSTR CORP NEW COM 370121105 204 5350 SH DEFINED 02 0 0 5350
GENERAL MILLS INC COM 370334104 922 17960 SH DEFINED 02 11960 3800 2200
GENERAL MOTORS CORP COM 370442105 10770 229762 SH DEFINED 02 99463 39013 91286
GENERAL MOTORS CORP COM 370442105 29 624 SH DEFINED 03 624 0 0
GENERAL MTRS CORP COM 370442402 722 16603 SH DEFINED 02 6096 4181 6326
GENERAL MTRS CORP COM 370442402 12 280 SH DEFINED 03 80 0 200
GENERAL RE CORP COM 370563108 38348 286448 SH DEFINED 02 176541 49266 60641
GENERAL RE CORP COM 370563108 67 500 SH DEFINED 03 500 0 0
GENUINE PARTS CO COM 372460105 11165 294797 SH DEFINED 02 179316 70763 44718
GENUINE PARTS CO COM 372460105 128 3375 SH DEFINED 03 2975 0 400
GENZYME CORP SUB 372917AA2 19 20000 PRN DEFINED 02 0 20000 0
GENZYME CORP COM 372917104 433 10825 SH DEFINED 02 7900 1500 1425
GEORGIA PAC CORP COM 373298108 578 6683 SH DEFINED 02 1596 3177 1910
GIANT FOOD INC COM 374478105 16597 584917 SH DEFINED 02 346739 145838 92340
GIANT FOOD INC COM 374478105 11 400 SH DEFINED 03 400 0 0
GIDDINGS & LEWIS INC WIS COM 375048105 13200 738507 SH DEFINED 02 567190 13712 157605
GIDDINGS & LEWIS INC WIS COM 375048105 45 2500 SH DEFINED 03 2500 0 0
GILLETTE CO COM 375766102 5375 120796 SH DEFINED 02 6082 25738 88976
GILLETTE CO COM 375766102 71 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 26151 1299465 SH DEFINED 02 874400 136556 288509
GRACE W R & CO COM 383883105 462 7540 SH DEFINED 02 198 660 6682
GRAINGER W W INC COM 384802104 5116 87084 SH DEFINED 02 25970 15830 45284
GRAINGER W W INC COM 384802104 15 250 SH DEFINED 03 250 0 0
GREAT LAKES CHEM CORP COM 390568103 228 3795 SH DEFINED 02 800 1700 1295
GREENERY REHABILITATION GROUP SUB 394797AB0 238 270000 PRN DEFINED 02 150000 0 120000
GTECH HLDGS CORP COM 400518106 251 8600 SH DEFINED 02 0 0 8600
HALLIBURTON CO COM 406216101 9885 276505 SH DEFINED 02 144297 14567 117641
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HANSON PLC COM 411352305 2438 139324 SH DEFINED 02 114889 8915 15520
HARBOR FD COM 411511306 205 7906 SH DEFINED 02 0 7906 0
HARBOR FD COM 411511504 683 32047 SH DEFINED 02 26702 5344 0
HARCOURT GEN INC COM 41163G101 1151 27100 SH DEFINED 02 900 0 26200
HARLEY DAVIDSON INC COM 412822108 259 10700 SH DEFINED 02 0 0 10700
HARSCO CORP COM 415864107 4370 82850 SH DEFINED 02 54465 16825 11560
CETUS CORP SUB 418589II0 319 355000 PRN DEFINED 02 306000 0 49000
HAUSER CHEM RESH INC NEW COM 419141304 88 16675 SH DEFINED 02 0 12000 4675
CHUBB CAPITAL CORP SUB 419447II0 420 405000 PRN DEFINED 02 120000 10000 275000
HEALTH CARE PPTY INVS INC COM 421915109 278 8700 SH DEFINED 02 0 6100 2600
HEINZ H J CO COM 423074103 1324 29852 SH DEFINED 02 4204 14748 10900
DART & KRAFT FIN N V GTD DEB SUB 425676II6 94 40000 PRN DEFINED 02 40000 0 0
HERCULES INC SUB 427056AK2 81 25000 PRN DEFINED 02 0 10000 15000
HERCULES INC COM 427056106 1269 26031 SH DEFINED 02 5350 10500 10181
HERITAGE MEDIA CORP NEW COM 427241203 554 19200 SH DEFINED 02 0 0 19200
HERSHEY FOODS CORP COM 427866108 8711 157679 SH DEFINED 02 89983 27715 39981
HEWLETT PACKARD CO COM 428236103 52717 707619 SH DEFINED 02 411287 100425 195907
HEWLETT PACKARD CO COM 428236103 45 600 SH DEFINED 03 200 0 400
HOME DEPOT INC COM 437076102 1613 39606 SH DEFINED 02 2249 20466 16891
HOMELAND BANKSHARES CORP COM 43739F104 339 14144 SH DEFINED 02 14144 0 0
HOMESTAKE MNG CO COM 437614100 2948 180037 SH DEFINED 02 40200 11962 127875
HONEYWELL INC COM 438506107 2822 65456 SH DEFINED 02 27206 30952 7298
HOSPITALITYFRAN COM 440912103 896 25900 SH DEFINED 02 0 0 25900
HOUGHTON MIFFLIN CO COM 441560109 477 9058 SH DEFINED 02 0 500 8558
HOUSEHOLD INTL CORP COM 441815107 447 9039 SH DEFINED 02 0 6639 2400
HOUSTON INDS INC COM 442161105 362 8598 SH DEFINED 02 2112 4586 1900
HOUSTON INDS INC COM 442161105 42 1000 SH DEFINED 03 1000 0 0
HUBBELL INC COM 443510201 5397 95534 SH DEFINED 02 37523 14630 43381
HUBBELL INC COM 443510201 23 400 SH DEFINED 03 400 0 0
HORNBACH HLDGS AG PFD 443667001 228 170 SH DEFINED 02 0 115 55
HUMANA INC COM 444859102 347 19550 SH DEFINED 02 2550 17000 0
ITT CORP COM 450679105 4135 35193 SH DEFINED 02 7632 14556 13005
ITT CORP COM 450679105 112 956 SH DEFINED 03 956 0 0
ILLINOIS TOOL WORKS INC COM 452308109 5566 101210 SH DEFINED 02 78960 13600 8650
IMPERIAL CHEM INDS PLC COM 452704505 19974 409736 SH DEFINED 02 259300 39144 111292
INDRESCO INC COM 455905109 164 10587 SH DEFINED 02 900 6640 3047
INGERSOLL RAND CO COM 456866102 13794 360651 SH DEFINED 02 103559 116900 140192
INGERSOLL RAND CO COM 456866102 6 150 SH DEFINED 03 150 0 0
INFORMATION MGMT TECHNS CORP SUB 456990AA8 96 100000 PRN DEFINED 02 0 100000 0
INSURANCE AUTO AUCTIONS INC COM 457875102 225 7700 SH DEFINED 02 0 6500 1200
INTEL CORP COM 458140100 37197 587520 SH DEFINED 02 377738 81334 128448
INTERNATIONAL BUSINESS MACHS COM 459200101 54761 570429 SH DEFINED 02 236520 145487 188422
INTERNATIONAL BUSINESS MACHS COM 459200101 41 430 SH DEFINED 03 430 0 0
INTERNATIONAL FAMILY ENTMT INC COM 45950M106 233 14800 SH DEFINED 02 0 0 14800
INTERNATIONAL FLAVORS & COM 459506101 342 6876 SH DEFINED 02 126 750 6000
INTERNATIONAL PAPER CO COM 460146103 943 11005 SH DEFINED 02 4440 4365 2200
INTUIT COM 461202103 440 5798 SH DEFINED 02 0 0 5798
INVESTMENT CO AMER COM 461308108 213 10545 SH DEFINED 02 10545 0 0
IONICS INC COM 462218108 205 5900 SH DEFINED 02 3000 300 2600
JACOBSON STORES INC SUB 469834AC9 30 40000 PRN DEFINED 02 0 0 40000
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
JAMES RIV CORP VA COM 470349101 1449 52468 SH DEFINED 02 15018 10900 26550
ESCROW JAMESWAY CORP SUB 4707369B7 0 15000 PRN DEFINED 02 0 15000 0
JEFFERSON PILOT CORP COM 475070108 11492 209911 SH DEFINED 02 132975 26461 50475
JOHNSON & JOHNSON COM 478160104 70426 1043353 SH DEFINED 02 515187 310964 217202
JOHNSON & JOHNSON COM 478160104 335 4970 SH DEFINED 03 4970 0 0
JOHNSON CTLS INC COM 478366107 2536 44887 SH DEFINED 02 13382 15784 15721
JONES APPAREL GROUP COM 480074103 705 23600 SH DEFINED 02 0 0 23600
K MART CORP COM 482584109 9692 662768 SH DEFINED 02 520258 57812 84698
K N ENERGY INC COM 482620101 7512 296063 SH DEFINED 02 213552 30804 51707
KAMAN CORP SUB 483548AC7 500 642000 PRN DEFINED 02 505000 104000 33000
KAMAN CORP COM 483548103 3081 241650 SH DEFINED 02 133880 68366 39404
KAMAN CORP CPF 483548509 1849 33929 PRN DEFINED 02 21531 4670 7728
S KANN SONS CO COM STPD COM 483996104 4869 95477 SH DEFINED 02 5280 89577 620
KELLOGG CO COM 487836108 2987 41850 SH DEFINED 02 20100 17800 3950
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 1141 720000 PRN DEFINED 02 25000 0 695000
TRINOVA CORP SUB DEB CONV SUB 490433II2 47 50000 PRN DEFINED 02 50000 0 0
KERR MCGEE CORP COM 492386107 265 4946 SH DEFINED 02 600 4146 200
KERR MCGEE CORP COM 492386107 11 200 SH DEFINED 03 200 0 0
KEYCORP NEW COM 493267108 408 13025 SH DEFINED 02 0 8283 4742
KEYSTONE INTL INC COM 493503106 2820 143699 SH DEFINED 02 111166 18583 13950
KIMBERLY CLARK CORP COM 494368103 1425 23802 SH DEFINED 02 11100 7232 5470
KIMBERLY CLARK CORP COM 494368103 29 480 SH DEFINED 03 480 0 0
KOLLMORGEN CORP SUB 500440AA0 18 19000 PRN DEFINED 02 19000 0 0
KOPP GLASS INC COM 500990106 254 33950 SH DEFINED 02 33950 0 0
LCI INTL INC COM 501813109 670 21900 SH DEFINED 02 0 0 21900
KRUGERRAND WHOLE SUB 501990501 6 1744 PRN DEFINED 02 0 1053 691
LANDMARK GRAPHICS CORP COM 514913102 8822 345975 SH DEFINED 02 244750 36325 64900
LANDMARK GRAPHICS CORP COM 514913102 48 1900 SH DEFINED 03 1900 0 0
LEGGETT & PLATT INC COM 524660107 528 12000 SH DEFINED 02 0 12000 0
LEGG MASON INC SUB 524901AA3 24 20000 PRN DEFINED 02 0 20000 0
LENNAR CORP COM 526057104 438 23400 SH DEFINED 02 0 300 23100
LEUCADIA NATL CORP COM 527288104 1605 31800 SH DEFINED 02 0 15000 16800
LILLY ELI & CO COM 532457108 2933 37364 SH DEFINED 02 16629 14031 6704
LINCOLN NATL CORP IND COM 534187109 10507 240169 SH DEFINED 02 110244 30763 99162
LINCOLN NATL CORP IND COM 534187109 44 1000 SH DEFINED 03 1000 0 0
LOCKHEED MARTIN CORP COM 539830109 11866 187985 SH DEFINED 02 61557 33792 92636
LOCKHEED MARTIN CORP COM 539830109 19 300 SH DEFINED 03 300 0 0
LOEWS CORP COM 540424108 326 2700 SH DEFINED 02 100 600 2000
LOEWS CORP COM 540424108 340 2811 SH DEFINED 03 2811 0 0
LOTUS DEV CORP COM 545700106 258 4050 SH DEFINED 02 1800 1800 450
LOYOLA CAP CORP COM 549089100 1387 44756 SH DEFINED 02 20000 7300 17456
LUBRIZOL CORP COM 549271104 11078 313177 SH DEFINED 02 123790 122775 66612
M A COM SUB 552618AA8 126 125000 PRN DEFINED 02 0 20000 105000
MBIA INC COM 55262C100 254 3830 SH DEFINED 02 30 0 3800
MBNA CORP COM 55262L100 251 7450 SH DEFINED 02 250 600 6600
MCI COMMUNICATIONS CORP COM 552673105 12104 550182 SH DEFINED 02 331900 87400 130882
MCI COMMUNICATIONS CORP COM 552673105 44 2000 SH DEFINED 03 2000 0 0
MFS MULTI-ST MUN BD TR COM 55273N707 115 10674 SH DEFINED 02 0 0 10674
MGIC INVT CORP WISC COM 552848103 267 5700 SH DEFINED 02 0 0 5700
MAS FDS COM 552913204 726 52384 SH DEFINED 02 52384 0 0
<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MSD&T FNDS INC VALUE EQUITY COM 553537507 14197 1050125 SH DEFINED 02 164776 3067 882282
MSD&T FNDS INC MD TAX-EXEMPT B COM 553537705 3548 346507 SH DEFINED 02 28448 17905 300154
MSD&T FNDS INC INTL EQUITY COM 553537804 56265 4914056 SH DEFINED 02 2684698 1011504 1217854
MACNEAL SCHWENDLER CORP SUB 554806AA7 21 20000 PRN DEFINED 02 0 20000 0
MANOR CARE INC COM 564054104 334 11499 SH DEFINED 02 100 1900 9499
MARK IV INDS INC COM 570387100 735 33993 SH DEFINED 02 3000 30993 0
MARSH & MCLENNAN COS INC COM 571748102 22357 275592 SH DEFINED 02 171814 59892 43886
MARSH & MCLENNAN COS INC COM 571748102 6 75 SH DEFINED 03 75 0 0
MARRIOTT INTL INC COM 571900109 999 27850 SH DEFINED 02 0 6950 20900
MARTIN MARIETTA MATLS INC COM 573284106 360 18000 SH DEFINED 02 0 0 18000
MASCO CORP SUB 574599AG1 3712 4304000 PRN DEFINED 02 2037000 470000 1797000
MASCO CORP COM 574599106 280 10400 SH DEFINED 02 1000 1600 7800
MASCO CORP COM 574599106 14 500 SH DEFINED 03 500 0 0
MASKWA NICKEL CHROME MINES LTD COM 574990214 1 12000 SH DEFINED 02 0 0 12000
MASON-DIXON BANCSHARES INC COM 575207105 356 22662 SH DEFINED 02 11337 6327 4998
MASSACHUSETTS INVS TR COM 575736103 153 12979 SH DEFINED 02 0 1802 11176
MATTEL INC COM 577081102 357 13611 SH DEFINED 02 716 11199 1696
MAY DEPT STORES CO COM 577778103 59258 1423629 SH DEFINED 02 584811 387812 451006
MAY DEPT STORES CO COM 577778103 82 1975 SH DEFINED 03 1775 0 200
MAYTAG CORP COM 578592107 12709 794359 SH DEFINED 02 505550 46084 242725
MAYTAG CORP COM 578592107 40 2500 SH DEFINED 03 2500 0 0
MCCORMICK & CO INC COM 579780107 257 11992 SH DEFINED 02 11000 512 480
MCCORMICK & CO INC COM 579780206 14699 683695 SH DEFINED 02 316796 233368 133531
MCCORMICK & CO INC COM 579780206 28 1300 SH DEFINED 03 1300 0 0
MCDONALDS CORP COM 580135101 2500 63916 SH DEFINED 02 11501 21755 30660
MCDONALDS CORP COM 580135101 62 1590 SH DEFINED 03 1590 0 0
MCGRAW HILL COS INC COM 580645109 408 5380 SH DEFINED 02 960 3820 600
MCKESSON CORP NEW COM 581557105 516 11044 SH DEFINED 02 0 11044 0
MEAD CORP COM 582834107 312 5258 SH DEFINED 02 362 1946 2950
MEDICAL CTR INS CO LTD COM 584990105 15 125000 SH DEFINED 02 125000 0 0
MEDTRONIC INC COM 585055106 482 6250 SH DEFINED 02 600 800 4850
MEDUSA CORP SUB 585072AB7 34 35000 PRN DEFINED 02 0 0 35000
MELVILLE CORP COM 585745102 261 7641 SH DEFINED 02 1349 1600 4692
MERCANTILE BANCORPORATION INC COM 587342106 535 11928 SH DEFINED 02 11478 450 0
MERCANTILE BANKSHARES CORP COM 587405101 51 2256 SH DEFINED 01 2256 0 0
MERCANTILE BANKSHARES CORP COM 587405101 47862 2127244 SH DEFINED 02 680565 831886 614793
MERCANTILE BANKSHARES CORP COM 587405101 5273 234356 SH DEFINED 03 137394 0 96962
MERCK & CO INC COM 589331107 119944 2441623 SH DEFINED 02 1166069 662776 612778
MERCK & CO INC COM 589331107 133 2700 SH DEFINED 03 2700 0 0
MERRILL LYNCH & CO INC COM 590188108 556 10600 SH DEFINED 02 0 10400 200
MERRY LD & INVT INC COM 590438107 249 12250 SH DEFINED 02 7500 3500 1250
MICHAELS STORES INC COM 594087108 325 15300 SH DEFINED 02 0 1000 14300
MICROSOFT CORP COM 594918104 2640 29220 SH DEFINED 02 14625 5750 8845
MID-ATLANTIC RLTY TR COM 595232109 97 11147 SH DEFINED 02 6332 3893 922
MILES HOMES INC COM 599268109 18 10000 SH DEFINED 02 0 0 10000
MILLIPORE CORP COM 601073109 763 11306 SH DEFINED 02 0 5410 5896
MINERALS TECHNOLOGIES INC COM 603158106 1177 32700 SH DEFINED 02 0 0 32700
MINNESOTA MNG & MFG CO COM 604059105 58020 1011248 SH DEFINED 02 530410 256591 224247
MINNESOTA MNG & MFG CO COM 604059105 141 2453 SH DEFINED 03 2053 0 400
LLOYD E MITCHELL INC. COM 605996107 221 2214 SH DEFINED 02 0 0 2214
<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MOBIL CORP COM 607059102 43801 456264 SH DEFINED 02 253830 121591 80843
MOBIL CORP COM 607059102 85 888 SH DEFINED 03 688 0 200
MOLEX INC COM 608554101 211 5458 SH DEFINED 02 390 2625 2443
MOLEX INC COM 608554200 340 9319 SH DEFINED 02 390 0 8929
MONSANTO CO COM 611662107 672 7462 SH DEFINED 02 1020 3716 2726
MONSANTO CO COM 611662107 54 600 SH DEFINED 03 600 0 0
MONTGOMERY FDS COM 613828201 350 26615 SH DEFINED 02 26615 0 0
MOOG INC SUB 615394AA1 126 124000 PRN DEFINED 02 101000 0 23000
MORGAN J P & CO INC COM 616880100 25149 358636 SH DEFINED 02 228924 51750 77962
MORGAN J P & CO INC COM 616880100 28 400 SH DEFINED 03 400 0 0
MORTON INTL INC IND COM 619331101 1976 67564 SH DEFINED 02 41700 16089 9775
MOTOROLA INC SUB 620076AJ8 81 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 61044 909415 SH DEFINED 02 445751 243986 219678
MOTOROLA INC COM 620076109 201 3000 SH DEFINED 03 3000 0 0
MURPHY OIL CORP COM 626717102 20574 501818 SH DEFINED 02 303732 42866 155220
MUTUAL SER FD INC COM 628380107 554 6156 SH DEFINED 02 0 6156 0
MUTUAL SER FD INC COM 628380305 685 19500 SH DEFINED 02 19500 0 0
MYLAN LABS INC COM 628530107 350 11400 SH DEFINED 02 0 5400 6000
NATIONAL BK CAMBRIDGE MD COM 633058102 527 21080 SH DEFINED 02 15480 5600 0
NATIONAL CITY CORP COM 635405103 761 25936 SH DEFINED 02 8402 12334 5200
NATIONSBANK CORP COM 638585109 3007 56075 SH DEFINED 02 5247 43362 7466
NATIONSBANK CORP COM 638585109 84 1575 SH DEFINED 03 567 0 1008
NATIONWIDE HEALTH PPTYS INC COM 638620104 351 9000 SH DEFINED 02 1800 6800 400
NESTLE S A COM 641069406 13100 251784 SH DEFINED 02 100550 90934 60300
NEUBERGER & BERMAN EQUITY FDS COM 641224209 518 23379 SH DEFINED 02 23379 0 0
NEW ENGLAND ELEC SYS COM 644001109 6495 188263 SH DEFINED 02 142683 13975 31605
KONG WAH HOLDINGS COM 649231008 29 200000 SH DEFINED 02 0 0 200000
NEW YORK VENTURE FD INC COM 650121106 7040 507964 SH DEFINED 02 0 172985 334979
NEWELL CO COM 651192106 5778 237086 SH DEFINED 02 53196 48296 135594
NOKIA CORP COM 654902204 285 4774 SH DEFINED 02 0 3900 874
NORAM ENERGY CORP COM 655419109 110 17056 SH DEFINED 02 12000 3956 1100
NORDSTROM INC COM 655664100 446 10800 SH DEFINED 02 0 300 10500
NORFOLK SOUTHERN CORP COM 655844108 29379 436064 SH DEFINED 02 227967 87336 120761
NORFOLK SOUTHERN CORP COM 655844108 651 3730 SH DEFINED 03 3480 0 250
NORTHEAST UTILS COM 664397106 9128 405723 SH DEFINED 02 301078 85670 18975
NORTHEAST UTILS COM 664397106 63 2800 SH DEFINED 03 2800 0 0
NORTHEAST UTILS COM 664397106 2486 110492 SH DEFINED 02 57941 25401 27150
NORTHERN STS PWR CO MINN COM 665772109 1626 35273 SH DEFINED 02 12748 19825 2700
NORTHERN TR CORP COM 665859104 434 10800 SH DEFINED 02 0 0 10800
NOVACARE INC SUB 669930AA7 1556 1810000 PRN DEFINED 02 1690000 0 120000
NOVELL INC COM 670006105 20466 1026515 SH DEFINED 02 806940 55250 164325
NOVELL INC COM 670006105 7 350 SH DEFINED 03 350 0 0
NUVEEN MD PREM INCOME MUN FD COM 67061Q107 153 12500 SH DEFINED 02 2000 1000 9500
NUVEEN SELECT TAX-FREE COM 67062F100 195 13050 SH DEFINED 02 0 0 13050
NUVEEN MUN MKT OPPORTUNITY FD COM 67062W103 602 40483 SH DEFINED 02 1150 3333 36000
NYNEX CORP COM 670768100 605 15039 SH DEFINED 02 3503 7304 4232
NYNEX CORP COM 670768100 123 3060 SH DEFINED 03 3060 0 0
NUVEEN MUN VALUE FD INC COM 670928100 409 42575 SH DEFINED 02 1000 1666 39909
OLD REP INTL CORP SUB 680223AD6 110 105000 PRN DEFINED 02 0 0 105000
OLIN CORP COM 680665205 4441 86236 SH DEFINED 02 5389 1794 79053
<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OMNICARE INC SUB 681904AA6 52 30000 PRN DEFINED 02 0 20000 10000
OMNICARE INC COM 681904108 282 10400 SH DEFINED 02 0 6600 3800
OMNICOM GROUP SUB 681919AB2 466 410000 PRN DEFINED 02 10000 10000 390000
ORION CAP CORP COM 686268103 240 6168 SH DEFINED 02 6168 0 0
PHH CORP COM 693320103 2244 50441 SH DEFINED 02 20900 12368 17173
PIMCO FDS COM 693390304 1667 167715 SH DEFINED 02 167715 0 0
PNC BK CORP SUB 693475AA3 11 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 457 17334 SH DEFINED 02 10100 3934 3300
PPG INDS INC COM 693506107 6362 148396 SH DEFINED 02 69879 49286 29231
PACIFIC GAS & ELEC CO COM 694308107 280 9681 SH DEFINED 02 3408 5035 1238
PACIFIC GAS & ELEC CO COM 694308107 23 800 SH DEFINED 03 800 0 0
PACIFIC GULF PPTYS INC SUB 694396AA0 183 200000 PRN DEFINED 02 0 90000 110000
PACIFIC TELESIS GROUP COM 694890104 11182 418054 SH DEFINED 02 230916 101194 85944
PACIFIC TELESIS GROUP COM 694890104 25 927 SH DEFINED 03 847 0 80
PACIFICORP COM 695114108 2870 153112 SH DEFINED 02 59871 52497 40744
PENNEY J C INC COM 708160106 11221 233774 SH DEFINED 02 160540 31984 41250
PENNEY J C INC COM 708160106 7 150 SH DEFINED 03 150 0 0
PENNSYLVANIA MUT FD INC COM 709000103 403 49201 SH DEFINED 02 0 49201 0
PENNZOIL CO COM 709903108 215 4578 SH DEFINED 02 1171 51 3356
PEPSICO INC COM 713448108 27339 600859 SH DEFINED 02 363264 117067 120528
PEPSICO INC COM 713448108 290 6375 SH DEFINED 03 5725 0 650
PETROLEUM GEO-SVCS A/S COM 716597109 819 28500 SH DEFINED 02 0 0 28500
PFIZER INC COM 717081103 52531 570225 SH DEFINED 02 283284 169654 117287
PFIZER INC COM 717081103 22 240 SH DEFINED 03 240 0 0
PHELPS DODGE CORP COM 717265102 10941 185453 SH DEFINED 02 139600 19358 26495
PHELPS DODGE CORP COM 717265102 6 100 SH DEFINED 03 100 0 0
PHILIP MORRIS COS INC COM 718154107 83259 1119450 SH DEFINED 02 588366 263004 268080
PHILIP MORRIS COS INC COM 718154107 15 200 SH DEFINED 03 200 0 0
PHILLIPS PETE CO COM 718507106 237 7104 SH DEFINED 02 300 6504 300
PIER 1 IMPORTS INC COM 720279108 1387 149961 SH DEFINED 02 149961 0 0
PITNEY BOWES INC COM 724479100 1941 50749 SH DEFINED 02 0 6836 43913
PITNEY BOWES INC COM 724479100 13 350 SH DEFINED 03 100 0 250
PITTWAY CORP DEL COM 725790208 621 13575 SH DEFINED 02 75 0 13500
POTASH CORP SASK INC COM 73755L107 440 7875 SH DEFINED 02 1500 0 6375
POTLATCH CORP COM 737628107 10261 245774 SH DEFINED 02 129125 57901 58748
POTLATCH CORP COM 737628107 42 1000 SH DEFINED 03 1000 0 0
POTOMAC ELEC PWR CO COM 737679100 921 42882 SH DEFINED 02 15906 15602 11374
POTOMAC ELEC PWR CO COM 737679100 126 5852 SH DEFINED 03 5852 0 0
PRAXAIR INC COM 74005P104 325 13070 SH DEFINED 02 5270 1200 6600
PREMARK INTL INC COM 740459102 1142 22028 SH DEFINED 02 14396 3550 4082
PRICE CO SUB 741440AB7 309 330000 PRN DEFINED 02 200000 0 130000
T ROWE PRICE ASSOC INC COM 741477103 5074 131793 SH DEFINED 02 0 125893 5900
T ROWE PRICE GROWTH STK FD COM 741479109 601 27602 SH DEFINED 02 7689 13170 6742
PROCTER & GAMBLE CO COM 742718109 148074 2060167 SH DEFINED 02 1075743 674220 310204
PROCTER & GAMBLE CO COM 742718109 90 1250 SH DEFINED 03 1050 0 200
PROFFITTS INC SUB 742925AA8 93 105000 PRN DEFINED 02 50000 0 55000
PROGRESSIVE CORP OHIO COM 743315103 587 15300 SH DEFINED 02 0 0 15300
PROTECTIVE LIFE CORP COM 743674103 1336 49056 SH DEFINED 02 0 4656 44400
PROVIDENT BANKSHARES CORP COM 743859100 537 20369 SH DEFINED 02 1889 11760 6720
PROVIDENT ST BK PRESTON MD COM 744057100 212 8514 SH DEFINED 02 0 7314 1200
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PROVIDIAN CORP COM 744061102 242 6700 SH DEFINED 02 0 3000 3700
PRUDENTIAL MUN SER FD COM 74435M101 151 12997 SH DEFINED 02 0 12997 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 284 10255 SH DEFINED 02 3785 2120 4350
PUBLIC SVC ENTERPRISE GROUP COM 744573106 83 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 1194 36616 SH DEFINED 02 2160 27756 6700
QUAKER ST CORP COM 747410108 4980 332031 SH DEFINED 02 103284 39600 189147
QUALCOMM INC COM 747525103 345 10010 SH DEFINED 02 0 7000 3010
QUESTAR CORP COM 748356102 10937 380452 SH DEFINED 02 228100 86752 65600
QUESTAR CORP COM 748356102 69 2400 SH DEFINED 03 2400 0 0
RPM INC OHIO COM 749685103 903 45464 SH DEFINED 02 1500 40000 3964
RPM INC OHIO COM 749685103 20 1000 SH DEFINED 03 1000 0 0
RALSTON PURINA CO COM 751277302 671 13167 SH DEFINED 02 1914 2907 8346
RALSTON PURINA CO COM 751277302 82 1600 SH DEFINED 03 1600 0 0
RAYTHEON CO COM 755111101 6512 83896 SH DEFINED 02 52183 16434 15279
READERS DIGEST ASSN INC COM 755267101 8473 192025 SH DEFINED 02 142150 27413 22462
READERS DIGEST ASSN INC COM 755267200 335 8200 SH DEFINED 02 450 5800 1950
REEBOK INTL LTD COM 758110100 618 18200 SH DEFINED 02 0 0 18200
REGIONS FINL CORP COM 758940100 12589 339111 SH DEFINED 02 150807 96302 92002
REPUBLIC N Y CORP COM 760719104 212 3800 SH DEFINED 02 300 0 3500
RESEARCH INDS CORP COM 761004100 313 13650 SH DEFINED 02 0 10700 2950
RETIREMENT PLANNING FDS AMER COM 761293604 290 21805 SH DEFINED 02 0 0 21805
REXEL INC SUB 761680AA5 103 100000 PRN DEFINED 02 0 0 100000
REYNOLDS METALS CO COM 761763101 8439 163089 SH DEFINED 02 128533 12086 22470
RESERVOIR CAP CORP COM 761990407 127 25500 SH DEFINED 02 0 13500 12000
ROCKWELL INTL CORP COM 774347108 300 6566 SH DEFINED 02 5796 0 770
ROHM & HAAS CO COM 775371107 390 7124 SH DEFINED 02 2988 3936 200
ROUSE CO COM 779273101 2440 124369 SH DEFINED 02 1050 67650 55669
T ROWE PRICE EQUITY INCOME FD COM 779547108 544 30340 SH DEFINED 02 28822 1009 507
T ROWE PRICE INTL FD INC COM 77956H203 2383 203203 SH DEFINED 02 203203 0 0
T ROWE PRICE NEW HORIZONS FD COM 779562107 1361 74377 SH DEFINED 02 30649 18563 25163
T ROWE PRICE ST TAX FREE COM 77957R101 788 78036 SH DEFINED 02 0 71348 6688
T ROWE PRICE TAX FREE INCOME COM 779576107 394 42304 SH DEFINED 02 12522 20919 8861
T ROWE PRICE TAX FREE SHORT COM 779902105 87 16572 SH DEFINED 02 0 0 16572
ROYAL DUTCH PETE CO COM 780257705 2315 18995 SH DEFINED 02 6294 6082 6619
ROYCE FD COM 780905105 565 55894 SH DEFINED 02 0 55894 0
RUBBERMAID INC COM 781088109 984 35475 SH DEFINED 02 3800 8600 23075
SBC COMMUNICATIONS INC COM 78387G103 1873 39336 SH DEFINED 02 10494 17214 11628
SBC COMMUNICATIONS INC COM 78387G103 80 1678 SH DEFINED 03 1558 0 120
SCECORP COM 783882103 191 11154 SH DEFINED 02 3289 2986 4879
ST PAUL COS INC COM 792860108 319 6484 SH DEFINED 02 700 2000 3784
SALOMON 6.75% "DEC" (ELKS) CPF 79549B511 328 8250 PRN DEFINED 02 8250 0 0
SAN JUAN RACING ASSN INC COM 798407102 0 30324 SH DEFINED 02 0 25000 5324
SANTA FE PAC CORP COM 802183103 790 30998 SH DEFINED 02 1262 28573 1163
SANTA FE PAC CORP COM 802183103 77 3031 SH DEFINED 03 3031 0 0
SARA LEE CORP COM 803111103 1723 60482 SH DEFINED 02 4300 40960 15222
SARA LEE CORP COM 803111103 137 4800 SH DEFINED 03 4800 0 0
SCANA CORP COM 805898103 383 17144 SH DEFINED 02 8044 6772 2328
SCANA CORP COM 805898103 49 2200 SH DEFINED 03 2200 0 0
SCHERER R P CORP DEL COM 806528105 460 10900 SH DEFINED 02 0 0 10900
SCHERING PLOUGH CORP COM 806605101 23279 527582 SH DEFINED 02 124770 349960 52852
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SCHERING PLOUGH CORP COM 806605101 9 200 SH DEFINED 03 200 0 0
SCHLUMBERGER LTD COM 806857108 36855 593245 SH DEFINED 02 382017 101940 109288
SCHLUMBERGER LTD COM 806857108 12 200 SH DEFINED 03 200 0 0
SCHOLASTIC CORP COM 807066105 710 13100 SH DEFINED 02 0 0 13100
SCHULMAN A INC COM 808194104 1298 45154 SH DEFINED 02 0 0 45154
SCOTT PAPER CO COM 809877103 929 18784 SH DEFINED 02 800 7784 10200
SEAGRAM LTD COM 811850106 225 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 1609 27050 SH DEFINED 02 14292 3900 8858
SENSORMATIC ELECTRS CORP COM 817265101 1162 32750 SH DEFINED 02 0 1500 31250
SEQUOIA FD INC COM 817418106 773 11973 SH DEFINED 02 0 3136 8837
SERVICE CORP INTL COM 817565104 314 9950 SH DEFINED 02 0 750 9200
SERVICEMASTER LTD PARTNERSHIP COM 817615107 2401 89363 SH DEFINED 02 1350 9900 78113
SHAW INDS INC COM 820286102 295 17400 SH DEFINED 02 3000 13900 500
SHERWIN WILLIAMS CO COM 824348106 623 17492 SH DEFINED 02 1592 8600 7300
SIGNET BKG CORP COM 826681108 2003 91594 SH DEFINED 02 39354 33519 18721
SIGNET BKG CORP COM 826681108 44 2000 SH DEFINED 03 2000 0 0
SLADE INCORPORATED CUM PFD PFD 830990206 448 4485 SH DEFINED 02 0 0 4485
SLADE INCORPORATED COMMON COM 830990404 34100 44664 SH DEFINED 02 5032 17000 22632
SMITHKLINE BEECHAM PLC COM 832378400 5408 119520 SH DEFINED 02 36966 46520 36034
SOLA INTL INC COM 834092108 361 14522 SH DEFINED 02 0 0 14522
SONAT INC COM 835415100 1738 56988 SH DEFINED 02 31460 24568 960
SOUTHERN CO COM 842587107 654 29231 SH DEFINED 02 13332 8658 7241
SOUTHERN CO COM 842587107 4 200 SH DEFINED 03 200 0 0
SOUTHERN NEW ENGLAND COM 843485103 261 7422 SH DEFINED 02 5422 2000 0
SOUTHTRUST CORP COM 844730101 216 9360 SH DEFINED 02 0 0 9360
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 0 0 80000
SOUTHWESTERN PUB SVC CO COM 845743103 344 11690 SH DEFINED 02 3320 8070 300
SPACELABS MED INC COM 846247104 363 14325 SH DEFINED 02 975 80 13270
SPARKS ST BK MD COM 84699A107 297 6753 SH DEFINED 02 0 6753 0
SPRINT CORP COM 852061100 932 27740 SH DEFINED 02 10806 10210 6724
SPRINT CORP COM 852061100 6 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1832 2320000 PRN DEFINED 02 1830000 35000 455000
STANLEY WKS COM 854616109 1979 52275 SH DEFINED 02 20575 13275 18425
STAPLES INC COM 855030102 310 10750 SH DEFINED 02 1125 1000 8625
STATE STR BOSTON CORP COM 857473102 287 7800 SH DEFINED 02 3500 0 4300
CHAS H STEFFEY INC PAR $1. COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STEWART & STEVENSON SVCS INC COM 860342104 555 15271 SH DEFINED 02 0 0 15271
STEWART ENTERPRISES INC COM 860370105 432 12900 SH DEFINED 02 0 0 12900
STRIDE RITE CORP COM 863314100 11361 1108462 SH DEFINED 02 747650 22400 338412
STRIDE RITE CORP COM 863314100 47 4550 SH DEFINED 03 4550 0 0
STRYKER CORP COM 863667101 510 13300 SH DEFINED 02 400 300 12600
STUDENT LN MARKETING ASSN COM 863871505 202 4325 SH DEFINED 02 4000 0 325
STURM & DILLARD COMPANY COM 863992103 2750 216 SH DEFINED 02 205 0 11
SUBURBAN BANCSHARES INC COM 864350103 24 15000 SH DEFINED 02 0 0 15000
SUN INC COM 866762107 286 10475 SH DEFINED 02 1851 4166 4458
SUN INC COM 866762107 3 108 SH DEFINED 03 108 0 0
SUNTRUST BKS INC COM 867914103 4819 82736 SH DEFINED 02 51440 11450 19846
SYBRON INTL CORP - WISCONSIN COM 87114F106 620 15550 SH DEFINED 02 50 0 15500
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 433 14700 SH DEFINED 02 4400 3000 7300
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SYSCO CORP COM 871829107 35 1200 SH DEFINED 03 1200 0 0
TECO ENERGY INC COM 872375100 342 15583 SH DEFINED 02 6508 6380 2695
TIG HLDGS INC COM 872469101 565 24600 SH DEFINED 02 0 200 24400
TRW INC COM 872649108 323 4044 SH DEFINED 02 2064 980 1000
TAMBRANDS INC COM 875080103 16253 380205 SH DEFINED 02 220030 56900 103275
TECH DATA CORP COM 878237106 291 25500 SH DEFINED 02 0 0 25500
TECHNE CORP COM 878377100 247 18300 SH DEFINED 02 0 13100 5200
TELLABS INC COM 879664100 237 4930 SH DEFINED 02 0 3200 1730
TEMPLETON DEVELOPING MKTS TR COM 88018W104 367 27023 SH DEFINED 02 27023 0 0
TENET HEALTHCARE CORP COM 88033G100 470 32700 SH DEFINED 02 3000 28000 1700
TENNECO INC PFD 880370721 298 2923 SH DEFINED 02 0 2053 870
TEXACO INC COM 881694103 2132 32499 SH DEFINED 02 9956 14510 8033
TEXACO INC COM 881694103 144 2200 SH DEFINED 03 1900 0 300
TEXAS INSTRUMENTS INC COM 882508104 560 4186 SH DEFINED 02 300 2000 1886
TEXAS INSTRUMENTS INC COM 882508104 118 883 SH DEFINED 03 883 0 0
TEXAS UTILS CO COM 882848104 2733 79532 SH DEFINED 02 62932 10460 6140
TEXAS UTILS CO COM 882848104 110 3200 SH DEFINED 03 3200 0 0
THERMO ELECTRON CORP SUB 883556AE2 93 70000 PRN DEFINED 02 5000 0 65000
THERMO INSTR SYS INC SUB 883559AA4 87 50000 PRN DEFINED 02 50000 0 0
THOMAS & BETTS CORP COM 884315102 6007 87861 SH DEFINED 02 47429 31790 8642
THOMAS & BETTS CORP COM 884315102 65 950 SH DEFINED 03 700 0 250
TIME WARNER INC SUB 887315AQ2 49 47000 PRN DEFINED 02 0 34000 13000
TIME WARNER INC COM 887315109 420 10182 SH DEFINED 02 1400 5504 3278
TIMES MIRROR CO NEW COM 887364107 3171 132843 SH DEFINED 02 76430 30842 25571
TIMES MIRROR CO NEW PFD 887364404 418 17529 SH DEFINED 02 9671 3395 4463
TIMKEN CO COM 887389104 5923 128426 SH DEFINED 02 33985 9066 85375
TORCHMARK CORP COM 891027104 1390 36846 SH DEFINED 02 0 5423 31423
TOYS R US COM 892335100 517 17687 SH DEFINED 02 6575 5850 5262
TRAVELERS GROUP INC COM 894190107 2351 53753 SH DEFINED 02 7641 36852 9260
TRAVELERS GROUP INC COM 894190107 9 200 SH DEFINED 03 200 0 0
TRIMAS CORP COM 896215100 756 32900 SH DEFINED 02 0 0 32900
TRINOVA CORP COM 896678109 250 7150 SH DEFINED 02 4350 300 2500
TYCO INTL LTD COM 902120104 1422 26339 SH DEFINED 02 0 550 25789
TYCO INTL LTD COM 902120104 11 200 SH DEFINED 03 0 0 200
USX CORP SUB 902905AG3 36 80000 PRN DEFINED 02 0 0 80000
USX-MARATHON GROUP NEW COM 902905827 689 34887 SH DEFINED 02 29182 4058 1647
USX-MARATHON GROUP NEW COM 902905827 8 390 SH DEFINED 03 390 0 0
UST INC COM 902911106 1428 48000 SH DEFINED 02 42000 0 6000
UNUM CORP COM 903192102 3144 67075 SH DEFINED 02 35325 12750 19000
UNUM CORP COM 903192102 33 700 SH DEFINED 03 700 0 0
USF&G CORP COM 903290104 1375 84629 SH DEFINED 02 23080 17648 43901
UNIFI INC COM 904677101 681 28400 SH DEFINED 02 0 1700 26700
UNILEVER N V COM 904784501 4111 31600 SH DEFINED 02 6743 12905 11952
UNION CAMP CORP COM 905530101 30597 528691 SH DEFINED 02 328015 65126 135550
UNION NATL BANCORP INC COM 907103105 378 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 13142 237341 SH DEFINED 02 96849 72802 67690
UNION PAC CORP COM 907818108 6 100 SH DEFINED 03 100 0 0
UNITED DOMINION RLTY TR INC COM 910197102 230 15642 SH DEFINED 02 4500 1642 9500
UNITED DOMINION RLTY TR INC COM 910197102 3 200 SH DEFINED 03 200 0 0
UNITED PARACALE MNG CO COM 911990307 0 25834 SH DEFINED 02 25834 0 0
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
U S WEST INC COM 912889102 858 20628 SH DEFINED 02 7827 7223 5578
U S WEST INC COM 912889102 32 772 SH DEFINED 03 772 0 0
UNITED TECHNOLOGIES CORP COM 913017109 29476 377294 SH DEFINED 02 265307 54533 57454
UNIVERSAL CORP VA COM 913456109 512 24400 SH DEFINED 02 0 22500 1900
UNIVERSAL FOODS CORP COM 913538104 6013 185734 SH DEFINED 02 147965 6425 31344
UNIVERSAL FOODS CORP COM 913538104 39 1200 SH DEFINED 03 1200 0 0
UPJOHN CO COM 915302103 272 7230 SH DEFINED 02 1690 4112 1428
V F CORP COM 918204108 10707 199210 SH DEFINED 02 86200 12460 100550
VLSI TECHNOLOGY INC SUB 918270AA7 174 130000 PRN DEFINED 02 130000 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 376 22500 SH DEFINED 02 0 0 22500
VALERO ENERGY CORP COM 919138107 311 15400 SH DEFINED 02 0 0 15400
VANCE SANDERS EXCH FD COM 921902102 1501 4869 SH DEFINED 02 0 4869 0
VANGUARD / WINDSOR FD INC COM 922018106 203 13563 SH DEFINED 02 2895 10668 0
VANGUARD INTL EQUITY INDEX FD COM 922042106 1272 119447 SH DEFINED 02 119447 0 0
VANGUARD INTL EQUITY INDEX FD COM 922042205 340 25376 SH DEFINED 02 25376 0 0
VASTAR RES INC COM 922380100 219 7100 SH DEFINED 02 0 0 7100
VANGUARD INDEX TR COM 922908108 232 4546 SH DEFINED 02 0 140 4405
VIACOM INC COM 925524308 892 19253 SH DEFINED 02 2303 15350 1600
WMX TECHNOLOGIES INC COM 92929Q107 1475 52007 SH DEFINED 02 18300 12707 21000
WMX TECHNOLOGIES INC COM 92929Q107 6 200 SH DEFINED 03 200 0 0
WABAN INC SUB 929394AA2 159 175000 PRN DEFINED 02 140000 0 35000
WABASH NATL CORP COM 929566107 245 7900 SH DEFINED 02 0 0 7900
WACHOVIA CORP NEW COM 929771103 5148 144015 SH DEFINED 02 51633 55082 37300
WACHOVIA CORP NEW COM 929771103 4 100 SH DEFINED 03 100 0 0
W&L SALES CO INC COM 929990406 3259 559492 SH DEFINED 02 559492 0 0
WAL MART STORES INC COM 931142103 5862 219154 SH DEFINED 02 52554 122900 43700
WAL MART STORES INC COM 931142103 169 6300 SH DEFINED 03 4900 0 1400
WARBURG PINCUS N Y MUN BD FD COM 933904104 105 10169 SH DEFINED 02 0 10169 0
WARBURG PINCUS INTL EQUITY FD COM 933910101 1328 74324 SH DEFINED 02 70064 4259 0
WARNACO GROUP INC COM 934390105 540 27000 SH DEFINED 02 0 0 27000
WARNER LAMBERT CO COM 934488107 26666 308735 SH DEFINED 02 126643 103163 78929
WARNER LAMBERT CO COM 934488107 48 550 SH DEFINED 03 550 0 0
WASHINGTON GAS LT CO COM 938837101 13 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 305 16196 SH DEFINED 02 6316 7590 2290
WASHINGTON GAS LT CO COM 938837101 177 9400 SH DEFINED 03 9200 0 200
WASHINGTON MUT INVS FD INC COM 939330106 1140 58157 SH DEFINED 02 6000 0 52157
WASHINGTON POST CO COM 939640108 16652 63804 SH DEFINED 02 25052 2625 36127
WEINGARTEN RLTY INVS COM 948741103 234 6200 SH DEFINED 02 2500 3500 200
WEISS PECK & GREER FDS TR COM 949024509 679 106081 SH DEFINED 02 0 0 106081
WESTINGHOUSE ELEC CORP COM 960402105 290 19842 SH DEFINED 02 7288 4696 7858
WESTINGHOUSE ELEC CORP COM 960402105 29 2000 SH DEFINED 03 2000 0 0
WESTLAND GARDENS CO COM 960990208 224 75 SH DEFINED 02 0 0 75
WESTVACO CORP COM 961548104 13132 296785 SH DEFINED 02 191208 56016 49561
WEYERHAEUSER CO COM 962166104 524 11139 SH DEFINED 02 3064 6950 1125
WHIRLPOOL CORP COM 963320106 3818 69425 SH DEFINED 02 8500 40745 20180
WHIRLPOOL CORP COM 963320106 23 411 SH DEFINED 03 411 0 0
WHITTAKER CORPORATION NEW COM 966680407 660 30000 SH DEFINED 02 0 30000 0
WILLS GROUP INC COM 971990205 3817 43881 SH DEFINED 02 0 43881 0
WINN DIXIE STORES INC COM 974280109 311 5437 SH DEFINED 02 4135 0 1302
WISCONSIN ENERGY CORP COM 976657106 9161 327211 SH DEFINED 02 126182 51744 149285
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WISCONSIN ENERGY CORP COM 976657106 190 6800 SH DEFINED 03 6800 0 0
WITCO CORP COM 977385103 29059 901058 SH DEFINED 02 428155 176436 296467
WOLVERINE TUBE INC COM 978093102 414 12908 SH DEFINED 02 100 0 12808
WORTHINGTON INDS INC COM 981811102 2531 123850 SH DEFINED 02 43125 44925 35800
WORTHINGTON INDS INC COM 981811102 31 1500 SH DEFINED 03 1500 0 0
WRIGLEY WM JR CO COM 982526105 346 7480 SH DEFINED 02 2260 3120 2100
XEROX CORP COM 984121103 998 8515 SH DEFINED 02 2135 4060 2320
YORK INTL CORP NEW COM 986670107 397 8833 SH DEFINED 02 0 200 8633
REPORT SUMMARY 758 DATA RECORDS 3881288 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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