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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: 12/31/95
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 02/05/96
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 28174 435127 SH DEFINED 02 193255 136433 105439
AT&T CORP COM 001957109 378 5842 SH DEFINED 03 5642 0 200
ABBOTT LABS COM 002824100 7848 188562 SH DEFINED 02 33788 91674 63100
ABBOTT LABS COM 002824100 243 5850 SH DEFINED 03 5550 0 300
ADVANCED TECHNOLOGY LABS INC COM 00755N106 350 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 863 12472 SH DEFINED 02 4204 4900 3368
AHMANSON H F & CO COM 008677106 6471 244200 SH DEFINED 02 231650 3150 9400
AHMANSON H F & CO COM 008677106 349 13155 SH DEFINED 03 12555 0 600
AIR PRODS & CHEMS INC COM 009158106 17227 326588 SH DEFINED 02 194538 74202 57848
AIR PRODS & CHEMS INC COM 009158106 189 3575 SH DEFINED 03 3575 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 7720 274495 SH DEFINED 02 115005 104245 55245
AIRTOUCH COMMUNICATIONS INC COM 00949T100 18 636 SH DEFINED 03 556 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 263 8000 SH DEFINED 02 1450 6400 150
ALCAN ALUM LTD NEW COM 013716105 306 9848 SH DEFINED 02 2628 1375 5845
ALCO STD CORP COM 013788104 2668 58478 SH DEFINED 02 400 4878 53200
ALCO STD CORP CPF 013788500 376 3708 PRN DEFINED 02 50 2250 1408
ALEX BROWN INC COM 013902101 655 15507 SH DEFINED 02 0 15507 0
ALLEGHENY PWR SYS INC COM 017411109 476 16656 SH DEFINED 02 3550 11306 1800
ALLERGAN INC COM 018490102 307 9467 SH DEFINED 02 3584 4583 1300
ALLIANCE FD COM 01859K105 86 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 691 14554 SH DEFINED 02 5510 8844 200
ALLIED SIGNAL INC COM 019512102 157 3300 SH DEFINED 03 3300 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 291 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 1831 44530 SH DEFINED 02 18968 19503 6059
ALLTRISTA CORP COM 020040101 345 19210 SH DEFINED 02 0 19100 110
ALUMINUM CO AMER COM 022249106 5503 104090 SH DEFINED 02 57900 35000 11190
AMERADA HESS CORP COM 023551104 679 12821 SH DEFINED 02 500 12321 0
AMERICAN ASIATIC OIL CORP COM 023879109 0 200000 SH DEFINED 02 0 90000 110000
AMERICAN BRANDS INC COM 024703100 3761 84521 SH DEFINED 02 31065 33040 20416
AMERICAN ELEC PWR INC COM 025537101 631 15593 SH DEFINED 02 5661 7736 2196
AMERICAN EXPRESS CO COM 025816109 1876 45351 SH DEFINED 02 23536 19765 2050
AMERICAN EXPRESS CO COM 025816109 573 13872 SH DEFINED 02 5218 7202 1452
AMERICAN GENERAL CORP COM 026351106 10426 298967 SH DEFINED 02 82961 186323 29683
AMERICAN GREETINGS CORP COM 026375105 640 23200 SH DEFINED 02 0 0 23200
AMERICAN HOME PRODS CORP COM 026609107 91295 941189 SH DEFINED 02 472595 288459 180135
AMERICAN HOME PRODS CORP COM 026609107 449 4625 SH DEFINED 03 4475 0 150
AMERICAN INTL GROUP INC COM 026874107 11248 121600 SH DEFINED 02 46862 43586 31152
AMERICAN INTL GROUP INC COM 026874107 37 400 SH DEFINED 03 350 0 50
AMERICAN RADIO SYSTEMS CORP COM 029161114 1000 40000 SH DEFINED 02 40000 0 0
AMERITECH CORP NEW COM 030954101 33253 564822 SH DEFINED 02 289707 151487 123628
AMERITECH CORP COM 030954101 106 1796 SH DEFINED 03 1676 0 120
AMGEN INC COM 031162100 2105 35465 SH DEFINED 02 27900 3900 3665
AMP INC COM 031897101 29773 778397 SH DEFINED 02 400876 241421 136100
AMP INC COM 031897101 71 1850 SH DEFINED 03 1550 0 300
AMOCO CORP COM 031905102 54134 757126 SH DEFINED 02 406353 212534 138239
AMOCO CORP COM 031905102 160 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 549 13605 SH DEFINED 02 0 0 13605
ANADARKO PETE CORP COM 032511107 828 15316 SH DEFINED 02 0 1800 13516
ANHEUSER BUSCH COS INC COM 035229103 583 8722 SH DEFINED 02 750 4468 3504
AON CORP COM 037389103 705 14142 SH DEFINED 02 504 13638 0
AON CORP COM 037389103 30 600 SH DEFINED 03 600 0 0
APACHE CORP COM 037411105 1853 62817 SH DEFINED 02 13150 24117 25550
APACHE CORP COM 037411105 270 9140 SH DEFINED 03 8090 0 1050
APPLE COMPUTER INC COM 037833100 13463 422382 SH DEFINED 02 294497 46200 81685
APPLE COMPUTER INC COM 037833100 390 12245 SH DEFINED 03 112457 0 1000
APRIA HEALTHCARE GROUP INC COM 037933108 217 7700 SH DEFINED 02 0 2100 5600
APTARGROUP INC COM 038336103 239 6400 SH DEFINED 02 0 0 6400
ARCHER DANIELS MIDLAND CO COM 039483102 699 38836 SH DEFINED 02 381 32428 6027
GUINNESS PLC ORD GBP 0.25 COM 039600002 88 12000 SH DEFINED 02 0 12000 0
ASEA AB COM 043655307 5766 59520 SH DEFINED 02 22791 25189 11540
ATLANTA GAS LT CO COM 047753108 641 32482 SH DEFINED 02 14754 14128 3600
ATLANTIC RICHFIELD CO COM 048825103 39972 360930 SH DEFINED 02 213642 90347 56941
ATLANTIC RICHFIELD CO COM 048825103 470 4245 SH DEFINED 03 3995 0 250
AURA SYS INC COM 051526101 180 32002 SH DEFINED 02 15000 0 17002
AUTODESK INC COM 052769106 11753 343155 SH DEFINED 02 263275 35875 44005
AUTODESK INC COM 052769106 70 2050 SH DEFINED 03 2050 0 0
AVERY DENNISON CORP COM 053611109 525 10476 SH DEFINED 02 3400 4276 2800
AVNET INC COM 053807103 3326 74344 SH DEFINED 02 57400 4982 11962
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 245 3252 SH DEFINED 02 295 146 2811
BAKER HUGHES INC COM 057224107 200 8221 SH DEFINED 02 4325 2076 1820
BALTIMORE CEMETERY COMPANY COM 058991100 1755 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 21980 771234 SH DEFINED 02 275914 288332 206988
BALTIMORE GAS & ELEC CO COM 059165100 43 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 403 10737 SH DEFINED 02 1531 5014 4192
FIRST FIDELITY BANK, N.A. COM 060990AQ1 8396 83960 SH DEFINED 02 0 83960 0
BARD C R INC COM 067383109 558 17305 SH DEFINED 02 16805 500 0
BARNES & NOBLE INC COM 067774109 962 33200 SH DEFINED 02 0 0 33200
BARNETT BKS INC COM 068055102 5245 88904 SH DEFINED 02 61741 18675 8488
BARNETT BKS INC COM 068055102 138 2332 SH DEFINED 03 2232 0 0
BARNETT BKS INC CPF 068055300 2391 21450 PRN DEFINED 02 15400 1600 4450
BAXTER INTL INC COM 071813109 1636 39088 SH DEFINED 02 10579 18430 10079
BAY NETWORKS INC COM 072510100 476 11598 SH DEFINED 02 1500 10098 0
BEARINGS INC NEW COM 074005208 1832 62640 SH DEFINED 02 52574 3486 6580
BECKMAN INSTRS INC COM 075816108 1078 30496 SH DEFINED 02 14780 10339 5377
BECTON DICKINSON & CO COM 075887109 1181 15750 SH DEFINED 02 1000 13150 1600
BELL ATLANTIC CORP COM 077853109 51406 768688 SH DEFINED 02 445973 180035 142680
BELL ATLANTIC CORP COM 077853109 162 2428 SH DEFINED 03 2428 0 0
BELLSOUTH CORP COM 079860102 52775 1213240 SH DEFINED 02 729153 239738 244349
BELLSOUTH CORP COM 079860102 399 9178 SH DEFINED 03 8728 0 450
BEMIS INC COM 081437105 240 9400 SH DEFINED 02 0 0 9400
BENCHMARK ELECTRS INC COM 08160H101 232 8450 SH DEFINED 02 1000 7450 0
BENEFICIAL CORP COM 081721102 882 18932 SH DEFINED 02 12674 4658 1600
BERKSHIRE HATHAWAY INC DEL COM 084670108 82143 2559 SH DEFINED 02 0 2559 0
BERKSHIRE HATHAWAY INC 084670108 32 1 SH DEFINED 03 1 0 0
BETZ LABS INC COM 087779104 1041 25400 SH DEFINED 02 20000 2200 3200
<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
BIOWHITTAKER INC COM 09066T108 159 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 1076 30549 SH DEFINED 02 10601 9841 10107
BLOCK H & R INC COM 093671105 283 7000 SH DEFINED 02 700 0 6300
BOEING CO COM 097023105 11865 151399 SH DEFINED 02 104876 30512 16011
BOEING CO 097023105 364 4650 SH DEFINED 03 4200 0 450
BOSTON CHICKEN INC COM 100578103 1095 34100 SH DEFINED 02 0 0 34100
BOSTON METALS COMPANY NON-VTG COM 100990100 2288 73815 SH DEFINED 02 0 73815 0
CHARLES T. BRANDT INC COM 104995105 344 70 SH DEFINED 02 0 70 0
BRANDYWINE FD INC COM 10532D107 504 17957 SH DEFINED 02 0 17957 0
BRISTOL MYERS SQUIBB CO COM 110122108 104860 1221082 SH DEFINED 02 540320 204424 476338
BRISTOL MYERS SQUIBB CO 110122108 189 2200 SH DEFINED 03 2200 0 0
BRITISH PETE LTD COM 110889409 16821 164712 SH DEFINED 02 133410 10993 20309
BROOKLYN UN GAS CO COM 114259104 10707 366061 SH DEFINED 02 276875 56676 32510
BROWN & SHARPE MFG CO SUB 115223AA7 3 4000 PRN DEFINED 02 4000 0 0
BROWNING FERRIS INDS INC SUB 115885AF2 179 180000 PRN DEFINED 02 0 0 180000
BUILDERS TRANS INC SUB 120084AA6 169 190000 PRN DEFINED 02 190000 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 1718 22038 SH DEFINED 02 5833 15449 756
BURLINGTON NORTHN SANTA FE COM 12189T104 80 1032 SH DEFINED 03 1032 0 0
BURLINGTON RES INC COM 122014103 444 11331 SH DEFINED 02 1000 9268 1063
BURLINGTON RES INC COM 122014103 47 1200 SH DEFINED 03 1200 0 0
BURMAH CASTROL PLC COM 122169303 230 7871 SH DEFINED 02 0 5892 1979
CIGNA CORP COM 125509109 1554 15058 SH DEFINED 02 8198 864 5996
CPC INTL INC COM 126149103 13541 197319 SH DEFINED 02 78122 86184 33013
CSX CORP COM 126408103 3248 71200 SH DEFINED 02 20136 31918 19146
CSX CORP COM 126408103 36 800 SH DEFINED 03 800 0 0
CUC INTL INC COM 126545102 653 19150 SH DEFINED 02 0 0 19150
CAMBRIDGE NEUROSCIENCE INC COM 132426107 90 10000 SH DEFINED 02 0 10000 0
CAMCO INTL INC COM 132632100 795 28400 SH DEFINED 02 0 0 28400
CAMPBELL SOUP CO COM 134429109 317 5292 SH DEFINED 02 3092 400 1800
CAPITAL CITIES ABC INC COM 139859102 1576 12780 SH DEFINED 02 0 3880 8900
CAPITAL EXCHANGE FD INC COM 140105107 351 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 2134 89419 SH DEFINED 02 38801 34696 15922
CAPITAL ONE FINL CORP 14040H105 72 3000 SH DEFINED 03 3000 0 0
CAROLINA PWR & LT CO COM 144141108 538 15600 SH DEFINED 02 3400 10730 1470
CATERPILLAR INC COM 149123101 21629 368169 SH DEFINED 02 266426 20802 80941
CEDAR FAIR L P COM 150185106 240 6500 SH DEFINED 02 500 2000 4000
CENTRAL & SOUTH WEST CORP COM 152357109 690 24777 SH DEFINED 02 8437 11040 5300
CENTRAL & SOUTH WEST CORP COM 152357109 202 7256 SH DEFINED 03 7256 0 0
CENTURY TEL ENTERPRISES INC COM 156686107 833 26250 SH DEFINED 02 0 550 25700
CHEMICAL BKG CORP COM 163722101 289 4926 SH DEFINED 02 500 3547 879
CHEVRON CORP COM 166751107 37785 721444 SH DEFINED 02 440027 137930 143487
CHEVRON CORP COM 166751107 61 1168 SH DEFINED 03 1168 0 0
CHIRON CORP COM 170040109 740 6700 SH DEFINED 02 0 6700 0
CHRYSLER CORP COM 171196108 395 7168 SH DEFINED 02 5390 1100 678
CHUBB CORP COM 171232101 42510 439381 SH DEFINED 02 282283 56547 100551
CHUBB CORP 171232101 5 50 SH DEFINED 03 0 0 50
CINCINNATI FINL CORP COM 172062101 239 3675 SH DEFINED 02 0 420 3255
CISCO SYS INC COM 17275R102 1049 14060 SH DEFINED 02 7000 200 6860
CITICORP COM 173034109 1110 16508 SH DEFINED 02 4592 7276 4640
CITICORP COM 173034109 27 400 SH DEFINED 03 400 0 0
<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
CLEAR CHANNEL COMMUNICATIONS COM 184502102 293 6662 SH DEFINED 02 0 6196 466
COCA COLA CO COM 191216100 68990 929171 SH DEFINED 02 433773 347183 148215
COCA COLA CO COM 191216100 301 4060 SH DEFINED 03 3860 0 200
COLGATE PALMOLIVE CO COM 194162103 5293 75356 SH DEFINED 02 30594 31172 13590
COLGATE PALMOLIVE CO COM 194162103 74 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 1383 27268 SH DEFINED 02 10256 17012 0
COMCAST CORP COM 200300200 250 13750 SH DEFINED 02 0 2800 10950
COMERICA INC COM 200340107 930 23250 SH DEFINED 02 8600 0 14650
COMPUTER DATA SYS COM 205017106 260 20000 SH DEFINED 02 0 20000 0
CONCORD EFS INC COM 206197105 971 23000 SH DEFINED 02 1500 20600 900
CONRAIL INC COM 208368100 2110 30150 SH DEFINED 02 1950 26700 1500
CONSECO INC COM 208464107 413 6598 SH DEFINED 02 3200 0 3398
CONSOLIDATED EDISON CO N Y INC COM 209111103 305 9613 SH DEFINED 02 4076 1877 3660
CONSOLIDATED EDISON CO N Y INC COM 209111103 14 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 93 90000 PRN DEFINED 02 60000 20000 10000
CONSOLIDATED NAT GAS CO COM 209615103 4610 101618 SH DEFINED 02 39142 43928 18548
CONSOLIDATED NAT GAS CO COM 209615103 42 920 SH DEFINED 03 920 0 0
COOPER INDS INC SUB 216669AC5 6755 6559000 PRN DEFINED 02 5008000 1209000 342000
COOPER INDS INC COM 216669101 3541 96371 SH DEFINED 02 42764 38188 15419
COOPER TIRE & RUBR CO COM 216831107 647 26300 SH DEFINED 02 0 0 26300
COORS ADOLPH CO COM 217016104 2289 103500 SH DEFINED 02 81600 17000 4900
CORESTATES FINL CORP COM 218695104 61038 1611566 SH DEFINED 02 921719 397705 292142
CORNING DEL L P CPF 219319209 2508 49800 PRN DEFINED 02 44500 0 5300
CORNING INC COM 219350105 22462 701966 SH DEFINED 02 385429 152289 164248
CORNING INC COM 219350105 313 9790 SH DEFINED 03 8790 0 1000
COSTCO WHSL CORP SUB 221607AB0 96 100000 PRN DEFINED 02 100000 0 0
COX COMMUNICATIONS INC NEW COM 224044107 1512 77552 SH DEFINED 02 25988 29467 22097
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 11608 469035 SH DEFINED 02 384485 22950 61600
DPL INC COM 233293109 116 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 486 13180 SH DEFINED 02 3100 9680 400
DANA CORP COM 235811106 6696 228942 SH DEFINED 02 118424 19600 90918
DANKA BUSINESS SYS PLC COM 236277109 1587 43700 SH DEFINED 02 0 0 43700
DARDEN RESTAURANTS INC COM 237194105 181 15260 SH DEFINED 02 11560 2700 1000
DAVIS N Y VENTURE FD INC COM 239080104 7221 497341 SH DEFINED 02 0 162362 334979
DAVIS SER INC COM 239103500 316 21805 SH DEFINED 02 0 0 21805
DEAN WITTER DISCOVER & CO COM 24240V101 215 4577 SH DEFINED 02 3203 390 984
DEERE & CO COM 244199105 19584 555597 SH DEFINED 02 337650 70872 147075
DELMARVA PWR & LT CO COM 247109101 932 40997 SH DEFINED 02 4589 30489 5919
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
DELTA AIR LINES INC DEL COM 247361108 5757 78200 SH DEFINED 02 69650 4900 3650
DELTA AIR LINES INC DEL CPF 247361306 10921 183935 PRN DEFINED 02 135305 27007 21623
DELTA WOODSIDE INDS INC NEW COM 247909104 1303 196800 SH DEFINED 02 159300 25000 12500
DEXTER CORP COM 252165105 3621 153300 SH DEFINED 02 117175 9250 26875
DIGI INTL INC COM 253798102 258 13600 SH DEFINED 02 1000 12200 400
DIGITAL EQUIP CORP COM 253849103 11739 183066 SH DEFINED 02 124690 40792 17584
DISNEY WALT CO COM 254687106 2491 42314 SH DEFINED 02 4768 27088 10458
DISNEY WALT CO COM 254687106 87 1476 SH DEFINED 03 1476 0 0
DOMINION RES INC VA COM 257470104 713 17301 SH DEFINED 02 5391 9247 2663
<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
DOMINION RES INC VA COM 257470104 320 7765 SH DEFINED 03 7765 0 0
DONALDSON INC COM 257651109 572 22792 SH DEFINED 02 1430 5600 15762
DONNELLEY R R & SONS CO COM 257867101 3770 95759 SH DEFINED 02 30050 52009 13700
DOVER CORP COM 260003108 10479 284200 SH DEFINED 02 128534 72766 82900
DOW CHEM CO COM 260543103 31376 446640 SH DEFINED 02 237932 149526 59182
DRESSER INDS INC COM 261597108 14519 595666 SH DEFINED 02 222473 230206 142987
DU PONT E I DE NEMOURS & CO COM 263534109 60858 870962 SH DEFINED 02 424245 295881 150836
DU PONT E I DE NEMOURS & CO COM 263534109 132 1890 SH DEFINED 03 1890 0 0
DUKE PWR CO COM 264399106 7439 157034 SH DEFINED 02 86188 37108 33738
DUKE PWR CO COM 264399106 47 1000 SH DEFINED 03 1000 0 0
DUN & BRADSTREET CORP COM 264830100 81511 1258861 SH DEFINED 02 1006049 160608 92204
DUN & BRADSTREET CORP COM 264830100 332 5120 SH DEFINED 03 4870 0 250
DURACRAFT CORP COM 266332105 241 9600 SH DEFINED 02 1500 7700 400
EASTMAN CHEM CO COM 277432100 870 13962 SH DEFINED 02 5500 6367 2095
EASTMAN KODAK CO COM 277461109 16431 245250 SH DEFINED 02 105238 95427 44585
EASTMAN KODAK CO COM 277461109 197 2940 SH DEFINED 03 2715 0 215
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 1623 30284 SH DEFINED 02 12902 13684 3698
EATON CORP COM 278058102 41 766 SH DEFINED 03 766 0 0
ECHLIN INC COM 278749106 343 9400 SH DEFINED 02 2000 1000 6400
ELECTRONICS FOR IMAGING INC COM 286082102 218 5000 SH DEFINED 02 5000 0 0
EMERSON ELEC CO COM 291011104 32174 393568 SH DEFINED 02 234433 79459 79676
EMERSON ELEC CO COM 291011104 121 1475 SH DEFINED 03 1225 0 250
ENRON CORP COM 293561106 7863 206253 SH DEFINED 02 67885 45588 92780
EQUITABLE GAS CO SUB 294497AJ1 146 65000 PRN DEFINED 02 0 65000 0
EQUITABLE RES INC COM 294549100 32762 1048410 SH DEFINED 02 744570 150847 152993
EQUITABLE RES INC COM 294549100 388 12415 SH DEFINED 03 11315 0 1100
ERICSSON L M TEL CO COM 294821400 6613 339137 SH DEFINED 02 66340 191397 81400
EURO PAC GROWTH FD COM 298706102 1341 58003 SH DEFINED 02 58003 0 0
EXXON CORP COM 302290101 146998 1811998 SH DEFINED 02 860111 646734 305153
EXXON CORP COM 302290101 635 7890 SH DEFINED 03 7590 0 300
F&M BANCORP COM 302367107 2061 69294 SH DEFINED 02 2280 47718 19296
FPL GROUP INC COM 302571104 408 8807 SH DEFINED 02 6170 1337 1300
FCNB CORP COM 302920103 712 35166 SH DEFINED 02 11287 11488 12391
FASTENAL CO COM 311900104 1746 41330 SH DEFINED 02 2500 34150 4680
FEDERAL HOME LN MTG CORP COM 313400301 1269 15206 SH DEFINED 02 3500 11706 0
FIDELITY ADVISOR SER I COM 315805101 512 13518 SH DEFINED 02 0 13518 0
FIRST AMER BK CORP COM 318906104 357 8062 SH DEFINED 02 8062 0 0
FIRST BK SYS INC COM 319279105 664 13400 SH DEFINED 02 0 13400 0
FIRST CHICAGO NBD CORP COM 31945A100 451 11424 SH DEFINED 02 2700 7974 750
FIRST COLONY CORP COM 319741104 5402 212917 SH DEFINED 02 188000 6767 18150
FIRST COLONY CORP COM 319741104 34 1333 SH DEFINED 03 1133 0 200
FIRST DATA CORP COM 319963104 599 8969 SH DEFINED 02 0 7511 1458
FIRST FID BANCORPORATION NEW COM 320195100 442 5876 SH DEFINED 02 3456 100 2320
FIRST FID BANCORPORATION NEW COM 320195100 39 520 SH DEFINED 03 520 0 0
FIRST USA INC COM 33743H105 295 6650 SH DEFINED 02 0 200 6450
FIRSTAR CORP NEW COM 33761C103 427 10796 SH DEFINED 02 0 0 10796
FISERV INC COM 337738108 1221 40700 SH DEFINED 02 900 7950 31850
FISHER SCIENTIFIC INTL INC SUB 338032AA3 287 270000 PRN DEFINED 02 0 25000 245000
FLAG INVS VALUE BLDR FD INC COM 33832R105 219 15722 SH DEFINED 02 0 0 15722
<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
FLAG INVS TEL INCOME FD INC COM 338331101 730 49093 SH DEFINED 02 9142 39951 0
FLEETWOOD ENTERPRISES INC COM 339099103 5538 215100 SH DEFINED 02 81700 88800 44600
FLEETWOOD ENTERPRISES INC COM 339099103 19 750 SH DEFINED 03 750 0 0
FLEMING COS INC COM 339130106 9505 460880 SH DEFINED 02 336790 10000 114090
FLIGHTSAFETY INTL INC COM 339423105 587 11691 SH DEFINED 02 541 2892 8258
FLORIDA EAST COAST INDS INC COM 340632108 273 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 345 9779 SH DEFINED 02 200 9579 0
FORD MTR CO DEL COM 345370100 489 16962 SH DEFINED 02 3529 4140 9293
FORD MTR CO DEL COM 345370100 45 1572 SH DEFINED 03 1572 0 0
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 535 19037 SH DEFINED 02 1018 5445 12574
FREEPORT MCMORAN RESOURCE COM 356903104 224 12116 SH DEFINED 02 200 4916 7000
FRITZ COS INC COM 358846103 603 14550 SH DEFINED 02 800 13150 600
GSE SYS INC COM 36227K106 225 15714 SH DEFINED 02 0 15714 0
GTE CORP COM 362320103 24541 559345 SH DEFINED 02 253778 208782 96785
GTE CORP COM 362320103 709 16172 SH DEFINED 03 15472 0 700
GANNETT INC COM 364730101 11049 180034 SH DEFINED 02 98211 60547 21276
GARDNER DENVER MACHY INC COM 365558105 675 35565 SH DEFINED 02 91 35306 168
GENCORP INC SUB 368682AC4 101 100000 PRN DEFINED 02 100000 0 0
GENERAL DYNAMICS CORP COM 369550108 295 5000 SH DEFINED 02 0 5000 0
GENERAL ELEC CO COM 369604103 179213 2489079 SH DEFINED 02 1222043 881964 385072
GENERAL ELEC CO COM 369604103 1111 15429 SH DEFINED 03 14929 0 500
GENERAL INSTR CORP NEW SUB 370121AA3 121 110000 PRN DEFINED 02 0 90000 20000
GENERAL MILLS INC COM 370334104 956 16560 SH DEFINED 02 12060 3800 700
GENERAL MOTORS CORP COM 370442105 17240 326062 SH DEFINED 02 208101 39947 78014
GENERAL MOTORS CORP COM 370442105 33 624 SH DEFINED 03 624 0 0
GENERAL MTRS CORP COM 370442402 842 16193 SH DEFINED 02 5556 8025 2612
GENERAL MTRS CORP CL E COM 370442402 12 240 SH DEFINED 03 40 0 200
GENERAL RE CORP COM 370563108 42341 273173 SH DEFINED 02 181591 54766 36816
GENERAL RE CORP COM 370563108 78 500 SH DEFINED 03 500 0 0
GENUINE PARTS CO COM 372460105 12064 294247 SH DEFINED 02 178466 76792 38989
GENUINE PARTS CO COM 372460105 132 3225 SH DEFINED 03 2825 0 400
GENZYME CORP COM 372917104 648 10400 SH DEFINED 02 6900 1750 1750
GEORGIA PAC CORP COM 373298108 410 5984 SH DEFINED 02 1596 3280 1108
GIANT FOOD INC COM 374478105 19241 610855 SH DEFINED 02 386539 158016 66300
GIANT FOOD INC COM 374478105 126 4000 SH DEFINED 03 4000 0 0
GIDDINGS & LEWIS INC WIS COM 375048105 12833 777792 SH DEFINED 02 632800 14337 130655
GIDDINGS & LEWIS INC WIS COM 375048105 365 22140 SH DEFINED 03 20340 0 1800
GILLETTE CO COM 375766102 6312 121100 SH DEFINED 02 6082 42840 72178
GILLETTE CO COM 375766102 83 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 13970 815820 SH DEFINED 02 552945 109506 153369
GOODYEAR TIRE & RUBR CO COM 382550101 200 4412 SH DEFINED 02 554 3048 810
GOODYEAR TIRE & RUBR CO COM 382550101 9 200 SH DEFINED 03 200 0 0
GRACE W R & CO COM 383883105 505 8552 SH DEFINED 02 54 6060 2438
GRAINGER W W INC COM 384802104 5557 83884 SH DEFINED 02 20220 23113 40551
GRAINGER W W INC COM 384802104 265 4000 SH DEFINED 03 3525 0 475
GREAT LAKES CHEM CORP COM 390568103 269 3745 SH DEFINED 02 800 1700 1245
GREENERY REHABILITATION GROUP SUB 394797AB0 215 245000 PRN DEFINED 02 150000 0 95000
GTECH HLDGS CORP COM 400518106 291 11200 SH DEFINED 02 0 0 11200
HFS INC COM 404181109 1087 13300 SH DEFINED 02 0 0 13300
HALLIBURTON CO COM 406216101 12038 237800 SH DEFINED 02 140017 20067 77716
<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 2099 137644 SH DEFINED 02 125129 9515 3000
HARBOR FD COM 411511306 220 7906 SH DEFINED 02 0 7906 0
HARBOR FD COM 411511504 727 32047 SH DEFINED 02 26702 5344 0
HARCOURT GEN INC COM 41163G101 1097 26200 SH DEFINED 02 0 0 26200
HARLEY DAVIDSON INC COM 412822108 549 19100 SH DEFINED 02 0 0 19100
HARSCO CORP COM 415864107 4798 82550 SH DEFINED 02 54465 18670 9415
CETUS CORP SUB 418589II0 362 355000 PRN DEFINED 02 306000 0 49000
CHUBB CAPITAL CORP SUB 419447II0 474 420000 PRN DEFINED 02 115000 30000 275000
HEALTH CARE PPTY INVS INC COM 421915109 446 12700 SH DEFINED 02 6000 6100 600
HEALTHSOUTH CORP COM 421924101 203 7000 SH DEFINED 02 7000 0 0
HEALTHSOURCE INC COM 42221E104 252 7000 SH DEFINED 02 7000 0 0
HEILIG MEYERS CO COM 422893107 409 22300 SH DEFINED 02 0 0 22300
HEINZ H J CO COM 423074103 1439 43451 SH DEFINED 02 4806 20772 17873
DART & KRAFT FIN N V GTD DEB SUB 425676II6 102 40000 PRN DEFINED 02 40000 0 0
HERCULES INC SUB 427056AK2 37 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 1141 20255 SH DEFINED 02 4914 11000 4341
HERITAGE MEDIA CORP NEW COM 427241203 434 16700 SH DEFINED 02 0 0 16700
HERSHEY FOODS CORP COM 427866108 10204 156999 SH DEFINED 02 96653 24141 36205
HERSHEY FOODS CORP COM 427866108 88 1350 SH DEFINED 03 1350 0 0
HEWLETT PACKARD CO COM 428236103 52364 625245 SH DEFINED 02 391848 112720 120677
HEWLETT PACKARD CO COM 428236103 25 300 SH DEFINED 03 100 0 200
HOME DEPOT INC COM 437076102 1929 40406 SH DEFINED 02 1599 22466 16341
HOMELAND BANKSHARES CORP COM 43739F104 420 14144 SH DEFINED 02 14144 0 0
HOMESTAKE MNG CO COM 437614100 3968 256000 SH DEFINED 02 174400 11100 70500
HONEYWELL INC COM 438506107 3280 67456 SH DEFINED 02 26506 31312 9638
HOUGHTON MIFFLIN CO COM 441560109 312 7258 SH DEFINED 02 0 500 6758
HOUSEHOLD INTL CORP COM 441815107 537 9039 SH DEFINED 02 0 6270 2769
HOUSTON INDS INC COM 442161105 324 13372 SH DEFINED 02 2480 7892 3000
HOUSTON INDS INC COM 442161105 49 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 6202 94329 SH DEFINED 02 37235 18096 38998
HUBBELL INC CLASS B COM 443510201 26 400 SH DEFINED 03 400 0 0
HUMANA INC COM 444859102 535 19550 SH DEFINED 02 2550 17000 0
ITT HARTFORD GROUP INC COM 45068H106 1535 31748 SH DEFINED 02 7632 17246 6870
ITT HARTFORD GROUP INC COM 45068H106 46 956 SH DEFINED 03 956 0 0
ITT INDS INC COM 450911102 761 31748 SH DEFINED 02 7632 17246 6870
ITT INDS INC COM 450911102 23 956 SH DEFINED 03 956 0 0
ITT CORP NEW COM 450912100 1682 31748 SH DEFINED 02 7632 17246 6870
ITT CORP NEW COM 450912100 51 956 SH DEFINED 03 956 0 0
ILLINOIS TOOL WORKS INC COM 452308109 5157 87410 SH DEFINED 02 63860 15500 8050
IMPERIAL CHEM INDS PLC COM 452704505 17819 381159 SH DEFINED 02 260045 40926 80188
INGERSOLL RAND CO COM 456866102 12222 347976 SH DEFINED 02 109309 126342 112325
INGERSOLL RAND CO COM 456866102 42 1200 SH DEFINED 03 1050 0 150
INFORMATION MGMT TECHNS CORP SUB 456990AA8 96 100000 PRN DEFINED 02 0 100000 0
INTEL CORP COM 458140100 51 900 SH DEFINED 03 900 0 0
INTEL CORP COM 458140100 28633 504560 SH DEFINED 02 347461 85134 71965
INTERNATIONAL BUSINESS MACHS COM 459200101 48407 529770 SH DEFINED 02 244110 176124 109536
INTERNATIONAL BUSINESS MACHS COM 459200101 30 330 SH DEFINED 03 330 0 0
INTERNATIONAL FLAVORS & COM 459506101 330 6882 SH DEFINED 02 726 4950 1206
INTERNATIONAL PAPER CO COM 460146103 845 22312 SH DEFINED 02 8882 8730 4700
INTUIT COM 461202103 592 7596 SH DEFINED 02 0 7596 0
<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
INVESTMENT CO AMER COM 461308108 227 10545 SH DEFINED 02 10545 0 0
IONICS INC COM 462218108 256 5900 SH DEFINED 02 3000 2900 0
JAMES RIV CORP VA COM 470349101 862 35768 SH DEFINED 02 11368 2950 21450
ESCROW JAMESWAY CORP SUB 4707369B7 0 15000 PRN DEFINED 02 0 15000 0
JAPAN FD INC COM 471070102 105 11145 SH DEFINED 02 11145 0 0
JEFFERSON PILOT CORP COM 475070108 16167 347679 SH DEFINED 02 251025 44304 52350
JOHNSON & JOHNSON COM 478160104 87806 1026981 SH DEFINED 02 537425 312516 177040
JOHNSON & JOHNSON COM 478160104 416 4870 SH DEFINED 03 4820 0 0
JOHNSON CTLS INC COM 478366107 2765 40222 SH DEFINED 02 14135 13978 12109
JONES APPAREL GROUP COM 480074103 929 23600 SH DEFINED 02 0 0 23600
K N ENERGY INC COM 482620101 2116 72675 SH DEFINED 02 30702 26823 15150
KAMAN CORP SUB 483548AC7 339 414000 PRN DEFINED 02 300000 84000 30000
KAMAN CORP COM 483548103 2383 214250 SH DEFINED 02 125830 67070 21350
KAMAN CORP CPF 483548509 1558 32383 PRN DEFINED 02 21087 4130 7166
S KANN SONS CO COM STPD COM 483996104 4869 95477 SH DEFINED 02 5280 90077 120
KELLOGG CO COM 487836108 3028 39200 SH DEFINED 02 17700 18550 2950
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 279 220000 PRN DEFINED 02 25000 0 195000
TRINOVA CORP SUB DEB CONV SUB 490433II2 48 50000 PRN DEFINED 02 50000 0 0
KERR MCGEE CORP COM 492386107 301 4746 SH DEFINED 02 400 4346 0
KERR MCGEE CORP COM 492386107 13 200 SH DEFINED 03 200 0 0
KEYCORP NEW COM 493267108 396 10925 SH DEFINED 02 0 6183 4742
KEYSTONE INTL INC COM 493503106 2122 106121 SH DEFINED 02 84350 13346 8425
KIMBERLY CLARK CORP COM 494368103 3134 37882 SH DEFINED 02 9290 17103 11489
KIMBERLY CLARK CORP COM 494368103 40 480 SH DEFINED 03 480 0 0
KOLLMORGEN CORP SUB 500440AA0 8 9000 PRN DEFINED 02 9000 0 0
KOPP GLASS INC COM 500990106 254 33950 SH DEFINED 02 33950 0 0
LCI INTL INC COM 501813109 897 43800 SH DEFINED 02 0 0 43800
KRUGERRAND WHOLE SUB 501990501 6 1744 PRN DEFINED 02 0 1742 2
LANDMARK GRAPHICS CORP COM 514913102 12847 552600 SH DEFINED 02 427475 47225 77900
LANDMARK GRAPHICS CORP COM 514913102 311 13415 SH DEFINED 03 13115 0 300
LEGGETT & PLATT INC COM 524660107 582 24000 SH DEFINED 02 0 24000 0
LENNAR CORP COM 526057104 587 23400 SH DEFINED 02 0 300 23100
LEUCADIA NATL CORP COM 527288104 1590 63600 SH DEFINED 02 0 30000 33600
LILLY ELI & CO COM 532457108 3553 63174 SH DEFINED 02 29516 29808 3850
LINCOLN NATL CORP IND COM 534187109 12231 227561 SH DEFINED 02 127186 38425 61950
LINCOLN NATL CORP IND COM 534187109 175 3250 SH DEFINED 03 3250 0 0
LOCKHEED MARTIN CORP COM 539830109 13525 171210 SH DEFINED 02 67281 34518 69411
LOCKHEED MARTIN CORP COM 539830109 43 550 SH DEFINED 03 550 0 0
LOEWS CORP COM 540424108 423 5400 SH DEFINED 02 200 5200 0
LOEWS CORP COM 540424108 441 5622 SH DEFINED 03 5622 0 0
LOWES COS INC COM 548661107 302 9000 SH DEFINED 03 9000 0 0
LOYOLA CAP CORP COM 549089100 1726 45572 SH DEFINED 02 20200 8740 16632
LUBRIZOL CORP COM 549271104 6675 240557 SH DEFINED 02 62100 131047 47410
MBIA INC COM 55262C100 285 3800 SH DEFINED 02 0 0 3800
MCI COMMUNICATIONS CORP COM 552673105 13125 502402 SH DEFINED 02 325650 93400 83352
MCI COMMUNICATIONS CORP COM 552673105 115 4400 SH DEFINED 03 4400 0 0
MAS FDS COM 552913204 814 58896 SH DEFINED 02 58896 0 0
MSD&T FNDS INC VALUE EQUITY COM 553537507 14677 1061280 SH DEFINED 02 171034 39767 850479
MSD&T FNDS INC MD TAX-EXEMPT B COM 553537705 2962 279237 SH DEFINED 02 16753 18189 244295
MSD&T FNDS INC INTL EQUITY COM 553537804 58584 4994406 SH DEFINED 02 2832206 1091672 1070528
<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
MACNEAL SCHWENDLER CORP SUB 554806AA7 22 20000 PRN DEFINED 02 0 20000 0
MANOR CARE INC COM 564054104 402 11499 SH DEFINED 02 100 1900 9499
MARK IV INDS INC COM 570387100 612 30993 SH DEFINED 02 0 30993 0
MARSH & MCLENNAN COS INC COM 571748102 22526 253821 SH DEFINED 02 159187 60500 34134
MARSH & MCLENNAN COS INC COM 571748102 24 275 SH DEFINED 03 225 0 50
MARRIOTT INTL INC COM 571900109 887 23200 SH DEFINED 02 0 6650 16550
MASCO CORP SUB 574599AG1 3219 3354000 PRN DEFINED 02 2197000 385000 772000
MASCO CORP COM 574599106 313 10000 SH DEFINED 02 1000 7600 1400
MASCO CORP COM 574599106 16 500 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 441 22662 SH DEFINED 02 11337 6327 4998
MATTEL INC COM 577081102 390 12711 SH DEFINED 02 716 11199 796
MAY DEPT STORES CO COM 577778103 56814 1348715 SH DEFINED 02 567363 538873 242479
MAY DEPT STORES CO COM 577778103 166 3950 SH DEFINED 03 3750 0 200
MAYTAG CORP COM 578592107 15339 57510 SH DEFINED 02 519400 51834 186276
MAYTAG CORP COM 578592107 173 8550 SH DEFINED 03 8550 0 0
MCCORMICK & CO INC COM 579780107 271 11512 SH DEFINED 02 11000 512 0
MCCORMICK & CO INC COM 579780206 15173 628969 SH DEFINED 02 280922 237788 110259
MCCORMICK & CO INC COM 579780206 31 1300 SH DEFINED 03 1300 0 0
MCDONALDS CORP COM 580135101 2740 60726 SH DEFINED 02 9100 19966 31660
MCDONALDS CORP COM 580135101 72 1590 SH DEFINED 03 1590 0 0
MCGRAW HILL COS INC COM 580645109 209 2403 SH DEFINED 02 600 1703 100
MCKESSON CORP NEW COM 581557105 559 11044 SH DEFINED 02 0 11044 0
MEAD CORP COM 582834107 251 4808 SH DEFINED 02 2062 1946 800
MEDICAL CTR INS CO LTD COM 584990105 15 125000 SH DEFINED 02 125000 0 0
MEDTRONIC INC COM 585055106 687 12300 SH DEFINED 02 1000 1600 9700
MERCANTILE BANCORPORATION INC COM 587342106 539 11728 SH DEFINED 02 11278 450 0
MERCANTILE BANKSHARES CORP COM 587405101 63 2265 SH DEFINED 01 2265 0 0
MERCANTILE BANKSHARES CORP COM 587405101 57900 2077161 SH DEFINED 02 671273 1001692 404196
MERCANTILE BANKSHARES CORP COM 587405101 4467 159293 SH DEFINED 03 63331 0 96962
MERCK & CO INC COM 589331107 151513 2308779 SH DEFINED 02 1118966 755262 434551
MERCK & CO INC COM 589331107 222 3395 SH DEFINED 03 3170 0 215
MEREDITH CORP COM 589433101 309 7400 SH DEFINED 02 0 400 7000
MERRILL LYNCH & CO INC COM 590188108 530 10400 SH DEFINED 02 0 10400 0
MERRY LD & INVT INC COM 590438107 261 11086 SH DEFINED 02 5736 5100 250
MICROSOFT CORP COM 594918104 2450 27924 SH DEFINED 02 15325 7800 4799
MID-ATLANTIC RLTY TR COM 595232109 115 13397 SH DEFINED 02 8582 3893 922
MILLIPORE CORP COM 601073109 946 23012 SH DEFINED 02 0 12420 10592
MINERALS TECHNOLOGIES INC COM 603158106 1193 32700 SH DEFINED 02 0 0 32700
MINNESOTA MNG & MFG CO COM 604059105 66481 1001610 SH DEFINED 02 548823 282070 170717
MINNESOTA MNG & MFG CO COM 604059105 373 5638 SH DEFINED 03 5088 0 550
MOBIL CORP COM 607059102 50350 450563 SH DEFINED 02 252389 126439 71735
MOBIL CORP COM 607059102 60 538 SH DEFINED 03 538 0 0
MOLEX INC COM 608554101 216 6819 SH DEFINED 02 487 3280 3052
MOLEX INC COM 608554200 375 12271 SH DEFINED 02 487 312 11472
MONSANTO CO COM 611662107 907 7412 SH DEFINED 02 1020 4104 2288
MONSANTO CO COM 611662107 37 300 SH DEFINED 03 300 0 0
MONTGOMERY FDS COM 613828201 330 26615 SH DEFINED 02 26615 0 0
MOOG INC SUB 615394AA1 130 124000 PRN DEFINED 02 101000 0 23000
MORGAN J P & CO INC COM 616880100 27770 346044 SH DEFINED 02 229286 56895 59863
<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
MORGAN J P & CO INC COM 616880100 128 1600 SH DEFINED 03 1600 0 0
MORTON INTL INC IND COM 619331101 2441 68064 SH DEFINED 02 41000 16389 10675
MOTOROLA INC SUB 620076AJ8 76 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 61300 75445 SH DEFINED 02 628661 235154 211630
MOTOROLA INC COM 620076109 603 10575 SH DEFINED 03 9675 0 900
MURPHY OIL CORP COM 626717102 20807 501378 SH DEFINED 02 333757 51316 116305
MUTUAL SER FD INC COM 628380107 547 6333 SH DEFINED 02 0 6333 0
MUTUAL SER FD INC COM 628380305 700 19500 SH DEFINED 02 19500 0 0
MYLAN LABS INC COM 628530107 387 16500 SH DEFINED 02 4500 9600 2400
NATIONAL BK CAMBRIDGE MD COM 633058102 527 21080 SH DEFINED 02 15480 5600 0
NATIONAL CITY CORP COM 635405103 859 25936 SH DEFINED 02 8402 12334 5200
NATIONSBANK CORP COM 638585109 4015 57673 SH DEFINED 02 4375 46073 7225
NATIONSBANK CORP COM 638585109 110 1575 SH DEFINED 03 567 0 1008
NATIONWIDE HEALTH PPTYS INC COM 638620104 420 10000 SH DEFINED 02 2000 7600 400
NESTLE S A COM 641069406 13582 244934 SH DEFINED 02 101450 96559 46925
NEUBERGER & BERMAN EQUITY FDS COM 641224209 540 23478 SH DEFINED 02 23478 0 0
NEW ENGLAND ELEC SYS COM 644001109 2515 63482 SH DEFINED 02 40668 12275 10539
NEWELL CO COM 651192106 6034 233220 SH DEFINED 02 50996 62824 119400
NEWS CORP LTD COM 652487802 4843 251600 SH DEFINED 02 144600 73800 33200
NOKIA CORP COM 654902204 260 6674 SH DEFINED 02 900 5574 200
NORAM ENERGY CORP COM 655419109 106 12000 SH DEFINED 02 10000 1400 600
NORDSTROM INC COM 655664100 635 15700 SH DEFINED 02 200 0 15500
NORFOLK SOUTHERN CORP COM 655844108 32834 13657 SH DEFINED 02 225585 95296 92776
NORFOLK SOUTHERN CORP COM 655844108 296 3730 SH DEFINED 03 3480 0 250
NORTHEAST UTILS COM 664397106 275 11350 SH DEFINED 02 3000 6050 2300
NORTHEAST UTILS COM 664397106 10535 434451 SH DEFINED 02 301330 103171 29950
NORTHEAST UTILS COM 664397106 1432 59061 SH DEFINED 02 42305 9933 6823
NORTHEAST UTILS COM 664397106 112 4600 SH DEFINED 03 4600 0 0
NORTHERN STS PWR CO MINN COM 665772109 1707 34757 SH DEFINED 02 11942 19815 3000
NORTHERN TR CORP COM 665859104 604 10800 SH DEFINED 02 0 4500 6300
NOVACARE INC SUB 669930AA7 1391 1705000 PRN DEFINED 02 1655000 20000 30000
NOVELL INC COM 670006105 5570 390880 SH DEFINED 02 336150 22200 32530
NOVELL INC COM 670006105 320 22430 SH DEFINED 03 19980 0 2450
NUVEEN SELECT TAX-FREE COM 67062F100 183 12050 SH DEFINED 02 1050 0 11000
NUVEEN MUN MKT OPPORTUNITY FD COM 67062W103 642 40483 SH DEFINED 02 1150 3333 36000
NYNEX CORP COM 670768100 796 14749 SH DEFINED 02 3172 8572 3005
NYNEX CORP COM 670768100 150 2782 SH DEFINED 03 2782 0 0
NUVEEN MUN VALUE FD INC COM 670928100 403 40825 SH DEFINED 02 1250 14575 25000
OLD REP INTL CORP SUB 680223AD6 141 105000 PRN DEFINED 02 0 0 105000
OLIN CORP COM 680665205 6336 85342 SH DEFINED 02 5389 1747 78206
OMNICARE INC SUB 681904AA6 219 70000 PRN DEFINED 02 40000 20000 10000
OMNICARE INC COM 681904108 465 10400 SH DEFINED 02 0 9800 600
OMNICOM GROUP SUB 681919AB2 555 410000 PRN DEFINED 02 10000 55000 345000
ORION CAP CORP COM 686268103 252 5828 SH DEFINED 02 5828 0 0
PHH CORP COM 693320103 2647 56641 SH DEFINED 02 32121 18724 5796
PHH CORP COM 693320103 122 2600 SH DEFINED 03 2600 0 0
PIMCO FDS COM 693390304 1765 174625 SH DEFINED 02 174625 0 0
PNC BK CORP SUB 693475AA3 14 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 565 17534 SH DEFINED 02 10100 3934 3500
P P & L RES INC COM 693499105 301 12048 SH DEFINED 02 2508 9440 100
<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
PPG INDS INC COM 693506107 7420 162191 SH DEFINED 02 74354 55676 32161
PPG INDS INC COM 693506107 7 150 SH DEFINED 03 150 0 0
PACIFIC GAS & ELEC CO COM 694308107 289 10216 SH DEFINED 02 3408 5570 1238
PACIFIC GAS & ELEC CO COM 694308107 23 800 SH DEFINED 03 800 0 0
PACIFIC GULF PPTYS INC SUB 694396AA0 181 195000 PRN DEFINED 02 40000 140000 15000
PACIFIC GULF PPTYS INC COM 694396102 175 10800 SH DEFINED 02 1300 5000 4500
PACIFIC TELESIS GROUP COM 694890104 10391 310203 SH DEFINED 02 152941 101178 56084
PACIFIC TELESIS GROUP COM 694890104 22 649 SH DEFINED 03 569 0 80
PACIFICORP COM 695114108 9189 435005 SH DEFINED 02 309872 73590 51543
PACIFICORP COM 695114108 511 7140 SH DEFINED 03 6290 0 850
PARKER HANNIFIN CORP COM 701094104 236 6900 SH DEFINED 02 2700 600 3600
PENNEY J C INC COM 708160106 11023 231464 SH DEFINED 02 163330 34584 33550
PENNEY J C INC COM 708160106 260 5465 SH DEFINED 03 4890 0 575
PENNSYLVANIA MUT FD INC COM 709000103 379 49201 SH DEFINED 02 0 49201 0
PEPSICO INC COM 713448108 32191 576130 SH DEFINED 02 360702 131432 83996
PEPSICO INC COM 713448108 406 7275 SH DEFINED 03 6825 0 450
PETROLEUM GEO-SVCS A/S COM 716597109 897 35900 SH DEFINED 02 0 0 35900
PHARMACIA & UPJOHN INC COM 716941109 324 8387 SH DEFINED 02 2320 4857 1210
PFIZER INC COM 717081103 67943 1078462 SH DEFINED 02 552868 395648 129946
PFIZER INC COM 717081103 54 855 SH DEFINED 03 755 0 100
PHELPS DODGE CORP COM 717265102 10108 162386 SH DEFINED 02 119150 18953 24283
PHELPS DODGE CORP COM 717265102 187 3010 SH DEFINED 03 2785 0 215
PHILIP MORRIS COS INC COM 718154107 92205 1021671 SH DEFINED 02 550135 274301 197235
PHILIP MORRIS COS INC COM 718154107 18 200 SH DEFINED 03 200 0 0
PHILLIPS PETE CO COM 718507106 252 7404 SH DEFINED 02 300 6804 300
PIER 1 IMPORTS INC COM 720279108 1692 148764 SH DEFINED 02 148764 0 0
PITNEY BOWES INC COM 724479100 2370 50429 SH DEFINED 02 0 12416 38013
PITNEY BOWES INC COM 724479100 16 350 SH DEFINED 03 100 0 250
PITTWAY CORP DEL COM 725790208 919 13575 SH DEFINED 02 75 1900 11600
POTASH CORP SASK INC COM 73755L107 441 6225 SH DEFINED 02 1500 1000 3725
POTLATCH CORP COM 737628107 8395 209877 SH DEFINED 02 116503 49151 44223
POTLATCH CORP COM 737628107 40 1000 SH DEFINED 03 1000 0 0
POTOMAC ELEC PWR CO COM 737679100 1124 42840 SH DEFINED 02 16056 17020 9764
POTOMAC ELEC PWR CO COM 737679100 154 5852 SH DEFINED 03 5852 0 0
PRAXAIR INC COM 74005P104 200 5970 SH DEFINED 02 4770 1200 0
PREMARK INTL INC COM 740459102 1107 21878 SH DEFINED 02 14396 3800 3682
PRICE CO SUB 741440AB7 52 55000 PRN DEFINED 02 0 0 55000
PRICE CO SUB 741440AC5 20 20000 PRN DEFINED 02 0 0 20000
PRICE CO SUB 741440AB7 94 100000 PRN DEFINED 02 80000 0 20000
PRICE CO SUB 741440AC5 51 50000 PRN DEFINED 02 0 0 50000
PRICE CO SUB 741440AB7 94 100000 PRN DEFINED 02 100000 0 0
PRICE CO SUB 741440AC5 51 50000 PRN DEFINED 02 0 0 50000
PRICE CO SUB 741440AB7 18 20000 PRN DEFINED 02 20000 0 0
PRICE CO SUB 741440AC5 35 35000 PRN DEFINED 02 10000 0 25000
T ROWE PRICE ASSOC INC COM 741477103 6502 132025 SH DEFINED 02 400 126525 5100
T ROWE PRICE GROWTH STK FD COM 741479109 690 29581 SH DEFINED 02 9668 13170 6742
PROCTER & GAMBLE CO COM 742718109 164653 1983774 SH DEFINED 02 1107768 685771 190235
PROCTER & GAMBLE CO COM 742718109 116 1400 SH DEFINED 03 1200 0 200
PROFFITTS INC SUB 742925AA8 46 55000 PRN DEFINED 02 50000 0 5000
PROGRESSIVE CORP OHIO COM 743315103 747 15300 SH DEFINED 02 0 0 15300
<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
PROTECTIVE LIFE CORP COM 743674103 1533 49056 SH DEFINED 02 0 4656 44400
PROVIDENT BANKSHARES CORP COM 743859100 525 17829 SH DEFINED 02 1974 11550 4305
PROVIDENT ST BK PRESTON MD COM 744057100 214 8514 SH DEFINED 02 0 7314 1200
PROVIDIAN CORP COM 744061102 268 6600 SH DEFINED 02 0 3000 3600
PUBLIC SVC ENTERPRISE GROUP COM 744573106 277 9075 SH DEFINED 02 3725 4100 1250
PUBLIC SVC ENTERPRISE GROUP COM 744573106 92 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 1180 34216 SH DEFINED 02 2160 27356 4700
QUAKER ST CORP COM 747410108 3346 262456 SH DEFINED 02 95484 40300 126672
QUALCOMM INC COM 747525103 460 10710 SH DEFINED 02 700 9610 400
QUESTAR CORP COM 748356102 13200 394054 SH DEFINED 02 232425 91612 70017
QUESTAR CORP COM 748356102 84 2500 SH DEFINED 03 2500 0 0
RPM INC OHIO COM 749685103 917 55580 SH DEFINED 02 1875 50750 2955
RPM INC OHIO COM 749685103 21 1250 SH DEFINED 03 1250 0 0
RALSTON PURINA CO COM 751277302 786 12607 SH DEFINED 02 1914 2907 7786
RALSTON PURINA CO COM 751277302 81 1300 SH DEFINED 03 1300 0 0
RAYTHEON CO COM 755111101 7671 162354 SH DEFINED 02 99234 32194 30926
READERS DIGEST ASSN INC COM 755267101 9004 175700 SH DEFINED 02 137250 23100 15350
READERS DIGEST ASSN INC COM 755267200 387 8200 SH DEFINED 02 450 6050 1700
REEBOK INTL LTD COM 758110100 514 18200 SH DEFINED 02 0 0 18200
REGIONS FINL CORP COM 758940100 14632 340291 SH DEFINED 02 158337 102357 79597
REGIONS FINL CORP COM 758940100 116 2700 SH DEFINED 03 2700 0 0
REPUBLIC N Y CORP COM 760719104 242 3906 SH DEFINED 02 300 206 3400
RESEARCH INDS CORP COM 761004100 243 9000 SH DEFINED 02 0 9000 0
REYNOLDS METALS CO COM 761763101 5662 99553 SH DEFINED 02 70822 11086 17645
RESERVOIR CAP CORP SUB 761990407 1 25500 PRN DEFINED 02 0 13500 12000
ROCKWELL INTL CORP COM 774347108 317 6000 SH DEFINED 02 5680 0 320
ROHM & HAAS CO COM 775371107 458 7124 SH DEFINED 02 2988 3936 200
ROPER INDS INC NEW COM 776696106 312 8500 SH DEFINED 02 0 0 8500
ROUSE CO COM 779273101 2388 117209 SH DEFINED 02 1050 62950 53209
T ROWE PRICE INTL FD INC COM 77956H203 2477 202580 SH DEFINED 02 200157 2423 0
T ROWE PRICE NEW HORIZONS FD COM 779562107 1191 58113 SH DEFINED 02 30649 18563 8899
T ROWE PRICE ST TAX FREE COM 77957R101 960 91192 SH DEFINED 02 1702 89490 0
ROWE T PRICE ST TAX FREE COM 77957R606 67 13227 SH DEFINED 02 0 13227 0
T ROWE PRICE TAX FREE INCOME COM 779576107 431 44049 SH DEFINED 02 14802 27265 1981
T ROWE PRICE TAX FREE SHORT COM 779902105 107 20056 SH DEFINED 02 16572 3484 0
ROYAL DUTCH PETE CO COM 780257705 2662 18865 SH DEFINED 02 6989 8732 3144
ROYCE FD COM 780905105 601 60043 SH DEFINED 02 0 60043 0
RUBBERMAID INC COM 781088109 3936 154375 SH DEFINED 02 65925 30300 58150
RUBBERMAID INC COM 781088109 26 1000 SH DEFINED 03 1000 0 0
SBC COMMUNICATIONS INC COM 78387G103 2269 39650 SH DEFINED 02 10000 20784 8866
SBC COMMUNICATIONS INC COM 78387G103 72 1264 SH DEFINED 03 1144 0 120
SCECORP COM 783882103 194 11029 SH DEFINED 02 3289 3686 4054
SAFETY KLEEN CORP COM 786484105 852 55000 SH DEFINED 02 35875 11500 7625
ST PAUL COS INC COM 792860108 350 6300 SH DEFINED 02 700 2000 3600
SALOMON 6.75% "DEC" (ELKS) CPF 79549B511 391 8250 PRN DEFINED 02 8250 0 0
SAN JUAN RACING ASSN INC COM 798407102 0 30324 SH DEFINED 02 0 30324 0
SARA LEE CORP COM 803111103 1922 60082 SH DEFINED 02 4300 50960 4822
SARA LEE CORP COM 803111103 170 5300 SH DEFINED 03 4300 0 1000
SCANA CORP COM 805898103 448 15660 SH DEFINED 02 6560 7900 1200
SCANA CORP COM 805898103 63 2200 SH DEFINED 03 2200 0 0
<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
SCHERER R P CORP DEL COM 806528105 535 10900 SH DEFINED 02 0 0 10900
SCHERING PLOUGH CORP COM 806605101 28590 522200 SH DEFINED 02 124470 374460 23270
SCHERING PLOUGH CORP COM 806605101 11 200 SH DEFINED 03 200 0 0
SCHLUMBERGER LTD COM 806857108 41087 593323 SH DEFINED 02 396133 115995 81195
SCHLUMBERGER LTD COM 806857108 47 675 SH DEFINED 03 600 0 75
SCHOLASTIC CORP COM 807066105 1018 13100 SH DEFINED 02 0 0 13100
SCHULMAN A INC COM 808194104 1004 44654 SH DEFINED 02 0 500 44154
SEAGATE TECHNOLOGY COM 811804103 215 4533 SH DEFINED 02 0 0 4533
SEAGRAM LTD COM 811850106 224 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 830 21303 SH DEFINED 02 14892 4186 2225
SENSORMATIC ELECTRS CORP COM 817265101 508 29250 SH DEFINED 02 0 1500 27750
SEQUOIA FD INC COM 817418106 935 11973 SH DEFINED 02 0 3136 8837
SERVICE CORP INTL COM 817565104 437 9950 SH DEFINED 02 0 2250 7700
SERVICEMASTER LTD PARTNERSHIP COM 817615107 2659 87913 SH DEFINED 02 1350 12600 73963
SHAW INDS INC COM 820286102 205 13900 SH DEFINED 02 0 13900 0
SHERWIN WILLIAMS CO COM 824348106 712 17492 SH DEFINED 02 1592 8600 7300
SHIVA CORP COM 824851109 323 4445 SH DEFINED 02 0 4245 200
SIGNET BKG CORP COM 826681108 2115 89053 SH DEFINED 02 38822 35624 14607
SIGNET BKG CORP COM 826681108 52 2200 SH DEFINED 03 2000 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 256 14870 SH DEFINED 02 1500 12470 900
SLADE INCORPORATED CUM PFD PFD 830990206 448 4485 SH DEFINED 02 0 0 4485
SLADE INCORPORATED COMMON COM 830990404 36010 44664 SH DEFINED 02 5032 17000 22632
SMITHKLINE BEECHAM PLC COM 832378400 6127 110404 SH DEFINED 02 38450 41620 30334
SOLA INTL INC COM 834092108 366 14522 SH DEFINED 02 0 14522 0
SONAT INC COM 835415100 1919 53888 SH DEFINED 02 28960 23968 960
SOUTHERN CO COM 842587107 727 29559 SH DEFINED 02 15396 9104 5059
SOUTHERN NEW ENGLAND COM 843485103 295 7422 SH DEFINED 02 5422 2000 0
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 80000 0 0
SOUTHWESTERN PUB SVC CO COM 845743103 373 11390 SH DEFINED 02 3320 8070 0
SPACELABS MED INC COM 846247104 409 14245 SH DEFINED 02 975 0 13270
SPRINGS INDS INC COM 851783100 922 22297 SH DEFINED 02 22297 0 0
SPRINT CORP COM 852061100 898 22672 SH DEFINED 02 7888 11810 2974
SPRINT CORP COM 852061100 7 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1576 2220000 PRN DEFINED 02 1865000 0 355000
STANLEY WKS COM 854616109 3072 59660 SH DEFINED 02 24100 21075 14485
STANLEY WKS COM 854616109 21 400 SH DEFINED 03 400 0 0
STAPLES INC COM 855030102 255 10499 SH DEFINED 02 7312 1500 1687
STATE STR BOSTON CORP COM 857473102 342 7600 SH DEFINED 02 3500 4100 0
CHS HOLDING CORPORATION COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STEWART & STEVENSON SVCS INC COM 860342104 385 15271 SH DEFINED 02 0 0 15271
STEWART ENTERPRISES INC COM 860370105 477 12900 SH DEFINED 02 0 0 12900
STRATACOM INC COM 862683109 272 3710 SH DEFINED 02 300 3210 200
STRIDE RITE CORP COM 863314100 8773 1189606 SH DEFINED 02 964750 27400 197456
STRIDE RITE CORP COM 863314100 91 12350 SH DEFINED 03 12350 0 0
STRYKER CORP COM 863667101 698 13300 SH DEFINED 02 400 300 12600
STUDENT LN MARKETING ASSN COM 863871505 264 4000 SH DEFINED 02 4000 0 0
STURM & DILLARD COMPANY COM 863992103 2750 216 SH DEFINED 02 205 0 11
SUBURBAN BANCSHARES INC COM 864350103 23 15000 SH DEFINED 02 15000 0 0
SUNTRUST BKS INC COM 867914103 4763 69536 SH DEFINED 02 50965 11450 7121
SWISS BANK CORP COM 8708H6AN8 0 9000000 SH DEFINED 02 3400000 0 5600000
<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
SYBRON INTL CORP - WISCONSIN COM 87114F106 711 30100 SH DEFINED 02 100 6000 24000
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 557 17150 SH DEFINED 02 5400 3800 7950
SYSCO CORP COM 871829107 39 1200 SH DEFINED 03 1200 0 0
TECO ENERGY INC COM 872375100 332 12957 SH DEFINED 02 6708 3500 2749
TECO ENERGY INC COM 872375100 51 2000 SH DEFINED 03 2000 0 0
TIG HLDGS INC COM 872469101 701 24600 SH DEFINED 02 0 200 24400
TRW INC COM 872649108 313 4044 SH DEFINED 02 2064 980 1000
TAMBRANDS INC COM 875080103 17181 359830 SH DEFINED 02 219005 61750 79075
TECH DATA CORP COM 878237106 261 17400 SH DEFINED 02 0 0 17400
TECHNE CORP COM 878377100 408 20300 SH DEFINED 02 2000 17900 400
TELLABS INC COM 879664100 308 8330 SH DEFINED 02 400 7730 200
TEMPLETON DEVELOPING MKTS TR COM 88018W104 351 27023 SH DEFINED 02 27023 0 0
TEMPLETON FDS INC COM 880196209 383 41820 SH DEFINED 02 41820 0 0
TENET HEALTHCARE CORP COM 88033G100 660 32000 SH DEFINED 02 4000 28000 0
TENNECO INC PFD 880370721 293 2923 SH DEFINED 02 0 2053 870
TEXACO INC COM 881694103 2604 33172 SH DEFINED 02 9956 15662 7554
TEXACO INC COM 881694103 157 2000 SH DEFINED 03 1900 0 100
TEXAS INSTRUMENTS INC COM 882508104 315 6123 SH DEFINED 02 341 5500 282
TEXAS INSTRUMENTS INC COM 882508104 34 664 SH DEFINED 03 664 0 0
TEXAS UTILS CO COM 882848104 5482 133712 SH DEFINED 02 117412 11510 4790
TEXAS UTILS CO COM 882848104 144 3500 SH DEFINED 03 3500 0 0
THERMO ELECTRON CORP SUB 883556AE2 117 70000 PRN DEFINED 02 5000 50000 15000
THERMO INSTR SYS INC SUB 883559AA4 142 50000 PRN DEFINED 02 50000 0 0
THOMAS & BETTS CORP COM 884315102 5861 79482 SH DEFINED 02 41250 32290 5942
THOMAS & BETTS CORP COM 884315102 41 550 SH DEFINED 03 450 0 100
TIFFANY & CO NEW SUB 886547AA6 42 40000 PRN DEFINED 02 0 40000 0
TIME WARNER INC SUB 887315AQ2 26 25750 PRN DEFINED 02 0 18600 7150
TIME WARNER INC COM 887315109 329 8711 SH DEFINED 02 400 5504 2807
TIMES MIRROR CO NEW COM 887364107 920 27174 SH DEFINED 02 5793 11418 9963
TIMES MIRROR CO NEW PFD 887364404 317 12317 SH DEFINED 02 7347 2296 2674
TIMKEN CO COM 887389104 7695 201193 SH DEFINED 02 119325 10933 70935
TORCHMARK CORP COM 891027104 482 10673 SH DEFINED 02 0 5423 5250
TOYS R US COM 892335100 1112 51167 SH DEFINED 02 38130 8862 4175
TRANSAMERICA CORP COM 893485102 206 2830 SH DEFINED 02 1330 100 1400
TRAVELERS GROUP INC COM 894190107 3344 53413 SH DEFINED 02 7801 42812 2800
TRAVELERS GROUP INC COM 894190107 13 200 SH DEFINED 03 200 0 0
TRIMAS CORP COM 896215100 616 32900 SH DEFINED 02 0 0 32900
TYCO INTL LTD COM 902120104 1849 51918 SH DEFINED 02 0 1100 50818
UAM ICM SMALL CO PORTFOLIO COM 902555762 248 13319 SH DEFINED 02 0 0 13319
USX-MARATHON GROUP NEW COM 902905827 680 34887 SH DEFINED 02 29182 4358 1347
USX-MARATHON GROUP NEW COM 902905827 8 390 SH DEFINED 03 390 0 0
UST INC COM 902911106 1622 48600 SH DEFINED 02 42000 6000 600
UNUM CORP COM 903192102 6162 112048 SH DEFINED 02 79525 16423 16100
UNUM CORP COM 903192102 39 700 SH DEFINED 03 700 0 0
USF&G CORP COM 903290104 763 45257 SH DEFINED 02 21109 17445 6703
UNIFI INC SUB 904677AC5 50 50000 PRN DEFINED 02 0 50000 0
UNIFI INC COM 904677101 614 27600 SH DEFINED 02 0 900 26700
UNILEVER N V COM 904784501 4321 30700 SH DEFINED 02 5268 14162 11270
UNION CAMP CORP COM 905530101 23086 484766 SH DEFINED 02 326590 64201 93975
<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
UNION NATL BANCORP INC COM 907103105 385 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 15325 232203 SH DEFINED 02 95632 82855 53716
UNION PAC CORP COM 907818108 7 100 SH DEFINED 03 100 0 0
UNITED DOMINION RLTY TR INC COM 910197102 425 28342 SH DEFINED 02 2500 1642 24200
UNITED DOMINION RLTY TR INC COM 910197102 3 200 SH DEFINED 03 200 0 0
U S HEALTHCARE INC COM 911910107 298 6425 SH DEFINED 02 425 2350 3650
UNITED PARACALE MNG CO COM 911990307 0 25834 SH DEFINED 02 25834 0 0
U S WEST INC COM 912889102 663 18635 SH DEFINED 02 5896 8793 3946
U S WEST INC COM 912889102 18 494 SH DEFINED 03 494 0 0
U S WEST INC COM 912889201 344 18131 SH DEFINED 02 5896 8793 3442
U S WEST INC COM 912889201 10 494 SH DEFINED 03 494 0 0
UNITED TECHNOLOGIES CORP COM 913017109 29619 312191 SH DEFINED 02 212078 57106 43007
UNIVERSAL CORP VA COM 913456109 582 23900 SH DEFINED 02 0 22500 1400
UNIVERSAL FOODS CORP COM 913538104 8592 214135 SH DEFINED 02 176125 7100 30910
UNIVERSAL FOODS CORP COM 913538104 132 3300 SH DEFINED 03 3300 0 0
V F CORP COM 918204108 8519 161510 SH DEFINED 02 88800 15810 56900
VALASSIS COMMUNICATIONS INC COM 918866104 463 26500 SH DEFINED 02 0 0 26500
VANCE SANDERS EXCH FD COM 921902102 1692 4869 SH DEFINED 02 0 4869 0
VANGUARD / WELLINGTON FD INC COM 921935102 216 8877 SH DEFINED 02 0 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 197 13563 SH DEFINED 02 2895 10668 0
VANGUARD INTL EQUITY INDEX FD COM 922042106 1487 129389 SH DEFINED 02 119447 0 9942
VANGUARD INTL EQUITY INDEX FD COM 922042205 480 34273 SH DEFINED 02 25376 0 8897
VASTAR RES INC COM 922380100 222 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 740 12859 SH DEFINED 02 0 140 12718
VANGUARD INDEX TR COM 922908306 359 23888 SH DEFINED 02 0 0 23888
VIACOM INC COM 925524308 1040 21966 SH DEFINED 02 2316 15350 4300
WMX TECHNOLOGIES INC COM 92929Q107 1484 49900 SH DEFINED 02 19800 15600 14500
WABAN INC SUB 929394AA2 153 155000 PRN DEFINED 02 140000 0 15000
WABASH NATL CORP COM 929566107 722 32300 SH DEFINED 02 0 0 32300
WACHOVIA BK GA N A COM 92976NDZ6 0 15500000 SH DEFINED 02 5500000 0 0
WACHOVIA CORP NEW COM 929771103 6617 144640 SH DEFINED 02 53183 66107 25350
WACHOVIA CORP NEW COM 929771103 5 100 SH DEFINED 03 100 0 0
W&L SALES CO INC COM 929990406 3243 556735 SH DEFINED 02 556735 0 0
WAL MART STORES INC COM 931142103 6559 294809 SH DEFINED 02 108959 142850 43000
WAL MART STORES INC COM 931142103 142 6400 SH DEFINED 03 5000 0 1400
WARBURG PINCUS CAP COM 933908105 160 10458 SH DEFINED 02 0 10458 0
WARBURG PINCUS INTL EQUITY FD COM 933910101 2347 119543 SH DEFINED 02 114049 5493 0
WARNACO GROUP INC COM 934390105 640 25600 SH DEFINED 02 0 0 25600
WARNER LAMBERT CO COM 934488107 28553 293983 SH DEFINED 02 121645 103130 69208
WARNER LAMBERT CO COM 934488107 141 1450 SH DEFINED 03 1450 0 0
WASHINGTON GAS LT CO COM 938837101 14 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 413 20190 SH DEFINED 02 6316 11584 2290
WASHINGTON GAS LT CO COM 938837101 168 8200 SH DEFINED 03 8200 0 0
WASHINGTON MUT INVS FD INC COM 939330106 1277 58157 SH DEFINED 02 33089 24567 500
WASHINGTON POST CO COM 939640108 15897 56374 SH DEFINED 02 17787 5488 33099
WEINGARTEN RLTY INVS COM 948741103 235 6200 SH DEFINED 02 2500 3500 200
WEISS PECK & GREER FDS TR COM 949024509 125 17381 SH DEFINED 02 17381 0 0
WESTINGHOUSE ELEC CORP COM 960402105 242 14796 SH DEFINED 02 7148 4856 2792
WESTINGHOUSE ELEC CORP COM 960402105 49 3000 SH DEFINED 03 2000 0 1000
WESTLAND GARDENS CO COM 960990208 250 75 SH DEFINED 02 0 0 75
<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
WESTVACO CORP COM 961548104 14130 509214 SH DEFINED 02 340147 89076 79991
WEYERHAEUSER CO COM 962166104 412 9549 SH DEFINED 02 1749 7700 100
WHIRLPOOL CORP COM 963320106 3811 71575 SH DEFINED 02 7600 41992 21983
WHIRLPOOL CORP COM 963320106 22 411 SH DEFINED 03 411 0 0
WHITTAKER CORPORATION NEW COM 966680407 652 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 398 10804 SH DEFINED 02 8200 0 2604
WISCONSIN ENERGY CORP COM 976657106 9677 316011 SH DEFINED 02 145119 64930 105962
WISCONSIN ENERGY CORP COM 976657106 184 6000 SH DEFINED 03 6000 0 0
WITCO CORP COM 977385103 24917 851894 SH DEFINED 02 432906 194548 224440
WOLVERINE TUBE INC COM 978093102 440 11758 SH DEFINED 02 100 3008 8650
WORTHINGTON INDS INC COM 981811102 9488 455925 SH DEFINED 02 186150 173875 95900
WORTHINGTON INDS INC COM 981811102 367 17650 SH DEFINED 03 16850 0 800
WRIGLEY WM JR CO COM 982526105 397 7580 SH DEFINED 02 2260 3120 2200
XEROX CORP COM 984121103 1433 10463 SH DEFINED 02 2115 5448 2900
YORK INTL CORP NEW COM 986670107 415 8833 SH DEFINED 02 0 2433 6400
REPORT SUMMARY 766 DATA RECORDS 4218156 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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