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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: 03/31/96
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 05/03/96
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
AGL RESOURCES INC COM 001204106 631 34382 SH DEFINED 02 14654 14128 5600
AMT CAP INTERNATIONAL FD COM 001791300 573 50157 SH DEFINED 02 50157 0 0
AT&T CORP COM 001957109 28356 463908 SH DEFINED 02 200744 147226 115938
AT&T CORP COM 001957109 391 6392 SH DEFINED 03 6192 0 200
ABBOTT LABS COM 002824100 7883 193462 SH DEFINED 02 37788 90974 64700
ABBOTT LABS COM 002824100 263 6450 SH DEFINED 03 6450 0 0
ADVANCED TECHNOLOGY LABS INC COM 00755N106 386 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 903 11972 SH DEFINED 02 4204 4700 3068
AHMANSON H F & CO COM 008677106 6232 257000 SH DEFINED 02 243350 3150 10500
AHMANSON H F & CO COM 008677106 346 14280 SH DEFINED 03 13680 0 600
AIR PRODS & CHEMS INC COM 009158106 24457 447738 SH DEFINED 02 284238 82302 81198
AIR PRODS & CHEMS INC COM 009158106 195 3575 SH DEFINED 03 3575 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 9309 299112 SH DEFINED 02 133351 104807 60954
AIRTOUCH COMMUNICATIONS INC COM 00949T100 20 636 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 243 6550 SH DEFINED 02 0 6400 150
ALCO STD CORP COM 013788104 3462 66423 SH DEFINED 02 512 9558 56353
ALEX BROWN INC COM 013902101 810 15507 SH DEFINED 02 315 15192 0
ALLEGHENY PWR SYS INC COM 017411109 532 17546 SH DEFINED 02 5440 10306 1800
ALLERGAN INC COM 018490102 340 9234 SH DEFINED 02 3784 4350 1100
ALLIANCE FD COM 01859K105 90 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 828 14008 SH DEFINED 02 5516 8292 200
ALLIED SIGNAL INC COM 019512102 30 500 SH DEFINED 03 500 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 283 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 1870 44530 SH DEFINED 02 19068 19103 6359
ALLTRISTA CORP COM 020040101 456 19100 SH DEFINED 02 0 19100 0
ALTERA CORP COM 021441100 203 3650 SH DEFINED 02 400 2850 400
ALUMINUM CO AMER COM 022249106 6484 103550 SH DEFINED 02 57700 35400 10450
AMERADA HESS CORP COM 023551104 705 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 4111 96746 SH DEFINED 02 33025 36544 27177
AMERICAN BRANDS INC COM 024703100 68 1600 SH DEFINED 03 1450 0 150
AMERICAN ELEC PWR INC COM 025537101 688 16500 SH DEFINED 02 6065 7660 2775
AMERICAN EXPRESS CO COM 025816109 2519 51026 SH DEFINED 02 26336 20090 4600
AMERICAN EXPRESS CO COM 025816109 1103 22347 SH DEFINED 02 5518 10177 6652
AMERICAN GENERAL CORP COM 026351106 9964 288840 SH DEFINED 02 82661 186721 19458
AMERICAN GREETINGS CORP COM 026375105 361 13100 SH DEFINED 02 0 0 13100
AMERICAN HOME PRODS CORP COM 026609107 100204 924605 SH DEFINED 02 466006 284209 174390
AMERICAN HOME PRODS CORP COM 026609107 385 3550 SH DEFINED 03 3400 0 150
AMERICAN INTL GROUP INC COM 026874107 11020 117707 SH DEFINED 02 42719 43986 31002
AMERICAN INTL GROUP INC COM 026874107 89 950 SH DEFINED 03 825 0 125
AMERICAN RADIO SYSTEMS CORP COM 029161114 1700 50000 SH DEFINED 02 40000 10000 0
AMERITECH CORP NEW COM 030954101 30096 552224 SH DEFINED 02 292673 139988 119563
AMERITECH CORP NEW COM 030954101 98 1796 SH DEFINED 03 1676 0 120
AMGEN INC COM 031162100 2293 39465 SH DEFINED 02 28750 5250 5465
AMP INC COM 031897101 32774 792122 SH DEFINED 02 401676 240321 150125
AMP INC COM 031897101 77 1850 SH DEFINED 03 1550 0 300
<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
AMOCO CORP COM 031905102 54966 760784 SH DEFINED 02 412621 211345 136818
AMOCO CORP COM 031905102 204 2844 SH DEFINED 03 1494 0 1350
AMSOUTH BANCORPORATION COM 032165102 528 13605 SH DEFINED 02 0 0 13605
ANADARKO PETE CORP COM 032511107 850 15316 SH DEFINED 02 0 1800 13516
ANHEUSER BUSCH COS INC COM 035229103 496 7372 SH DEFINED 02 350 3968 3054
AON CORP COM 037389103 724 13992 SH DEFINED 02 504 13488 0
AON CORP COM 037389103 31 600 SH DEFINED 03 600 0 0
APACHE CORP COM 037411105 1275 47467 SH DEFINED 02 4450 16967 26050
APACHE CORP COM 037411105 275 10240 SH DEFINED 03 9190 0 1050
APPLE COMPUTER INC COM 037833100 4212 171490 SH DEFINED 02 100955 22175 48360
APRIA HEALTHCARE GROUP INC COM 037933108 244 7700 SH DEFINED 02 0 2100 5600
APTARGROUP INC COM 038336103 307 7400 SH DEFINED 02 0 0 7400
ARCHER DANIELS MIDLAND CO COM 039483102 693 37754 SH DEFINED 02 900 32428 4426
GUINNESS PLC ORD GBP 0.25 COM 039600002 87 12000 SH DEFINED 02 0 12000 0
ASEA AB COM 043655307 6968 67495 SH DEFINED 02 27691 26164 13640
ASHLAND COAL INC COM 043906106 1144 48950 SH DEFINED 02 48250 700 0
ATLANTIC RICHFIELD CO COM 048825103 43565 366097 SH DEFINED 02 214443 91291 60363
ATLANTIC RICHFIELD CO COM 048825103 567 4770 SH DEFINED 03 4520 0 250
ATMEL CORP COM 049513104 217 8520 SH DEFINED 02 1000 6320 1200
AURA SYS INC COM 051526101 182 37002 SH DEFINED 02 20000 0 17002
AUTODESK INC COM 052769106 14420 382005 SH DEFINED 02 286300 35975 59730
AUTODESK INC COM 052769106 109 2900 SH DEFINED 03 2750 0 150
AVERY DENNISON CORP COM 053611109 587 10876 SH DEFINED 02 3000 5076 2800
AVNET INC COM 053807103 7799 161644 SH DEFINED 02 125450 6632 29562
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 278 3252 SH DEFINED 02 295 146 2811
BAKER HUGHES INC COM 057224107 227 7821 SH DEFINED 02 4325 2076 1420
BALTIMORE CEMETERY COMPANY COM 058991100 1755 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 21352 772949 SH DEFINED 02 288011 281258 203680
BALTIMORE GAS & ELEC CO COM 059165100 41 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 420 11807 SH DEFINED 02 1684 5512 4611
FIRST FIDELITY BANK, N.A. COM 060990AQ1 0 83960 SH DEFINED 02 83960 0 0
BANKAMERICA CORP COM 066050105 222 2867 SH DEFINED 02 293 1980 594
BARD C R INC COM 067383109 623 17505 SH DEFINED 02 17005 500 0
BARNES & NOBLE INC COM 067774109 1202 34600 SH DEFINED 02 0 0 34600
BARRICK GOLD CORP COM 067901108 210 6920 SH DEFINED 02 5800 1120 0
BARNETT BKS INC COM 068055102 5415 87004 SH DEFINED 02 59216 18575 9213
BARNETT BKS INC COM 068055102 76 1226 SH DEFINED 03 1226 0 0
BARNETT BKS INC CPF 068055300 2472 21000 PRN DEFINED 02 14950 1600 4450
BAXTER INTL INC COM 071813109 1720 38018 SH DEFINED 02 10609 17430 9979
BAY NETWORKS INC COM 072510100 310 10098 SH DEFINED 02 0 10098 0
BEARINGS INC NEW COM 074005208 1777 62640 SH DEFINED 02 52574 3486 6580
BECKMAN INSTRS INC COM 075816108 1179 30241 SH DEFINED 02 15553 10084 4604
BECTON DICKINSON & CO COM 075887109 1289 15750 SH DEFINED 02 1000 13150 1600
BELL ATLANTIC CORP COM 077853109 47277 764088 SH DEFINED 02 450449 174669 138970
BELL ATLANTIC CORP COM 077853109 189 3053 SH DEFINED 03 2953 0 100
BELLSOUTH CORP COM 079860102 43846 1185043 SH DEFINED 02 729538 224684 230821
BELLSOUTH CORP COM 079860102 386 10428 SH DEFINED 03 9978 0 450
BEMIS INC COM 081437105 294 9400 SH DEFINED 02 0 0 9400
BENCHMARK ELECTRS INC COM 08160H101 252 8450 SH DEFINED 02 1000 6450 1000
<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
BENEFICIAL CORP COM 081721102 1104 19162 SH DEFINED 02 12904 4658 1600
BERKSHIRE HATHAWAY INC DEL COM 084670108 86689 2561 SH DEFINED 02 0 2556 5
BETZ LABS INC COM 087779104 1143 24600 SH DEFINED 02 20000 1400 3200
BEVERLY ENTERPRISES INC SUB 087851AB7 50 55000 PRN DEFINED 02 25000 0 30000
BIOWHITTAKER INC COM 09066T108 169 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 1600 42249 SH DEFINED 02 22301 9841 10107
BLOCK H & R INC COM 093671105 216 6000 SH DEFINED 02 700 0 5300
BOEING CO COM 097023105 12967 149699 SH DEFINED 02 104276 29962 15461
BOEING CO COM 097023105 407 4700 SH DEFINED 03 4250 0 450
BOISE CASCADE CORP COM 097383103 640 15257 SH DEFINED 02 0 15166 91
BOSTON CHICKEN INC COM 100578103 1161 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 1176 39457 SH DEFINED 02 19056 20401 0
BRISTOL MYERS SQUIBB CO COM 110122108 101744 1188692 SH DEFINED 02 524013 190394 474285
BRISTOL MYERS SQUIBB CO COM 110122108 98 1150 SH DEFINED 03 1150 0 0
BRITISH PETE LTD COM 110889409 17486 164580 SH DEFINED 02 133679 11305 19596
BROOKLYN UN GAS CO COM 114259104 10676 399136 SH DEFINED 02 291500 67326 40310
BROWN & SHARPE MFG CO SUB 115223AA7 3 4000 PRN DEFINED 02 4000 0 0
BUILDERS TRANS INC SUB 120084AA6 173 190000 PRN DEFINED 02 190000 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 1798 21794 SH DEFINED 02 5633 15449 712
BURLINGTON NORTHN SANTA FE COM 12189T104 26 316 SH DEFINED 03 316 0 0
BURLINGTON RES INC COM 122014103 439 11831 SH DEFINED 02 1500 9268 1063
BURLINGTON RES INC COM 122014103 7 200 SH DEFINED 03 200 0 0
BURMAH CASTROL PLC COM 122169303 305 9371 SH DEFINED 02 0 5892 3479
CIGNA CORP COM 125509109 1532 13414 SH DEFINED 02 7213 864 5337
CPC INTL INC COM 126149103 13281 191444 SH DEFINED 02 79197 81684 30563
CSX CORP COM 126408103 3225 70692 SH DEFINED 02 21336 30210 19146
CSX CORP COM 126408103 36 800 SH DEFINED 03 800 0 0
CUC INTL INC COM 126545102 789 26975 SH DEFINED 02 0 825 26150
CAMBRIDGE NEUROSCIENCE INC COM 132426107 120 10000 SH DEFINED 02 0 10000 0
CAMCO INTL INC COM 132632100 733 23300 SH DEFINED 02 0 0 23300
CAMPBELL SOUP CO COM 134429109 322 5292 SH DEFINED 02 3092 400 1800
CAPITAL EXCHANGE FD INC COM 140105107 371 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 1800 65482 SH DEFINED 02 32159 14266 19057
CAPITAL ONE FINL CORP COM 14040H105 83 3000 SH DEFINED 03 3000 0 0
CAREMARK INTL INC COM 141704106 298 11880 SH DEFINED 02 301 1754 9825
CAROLINA PWR & LT CO COM 144141108 581 15600 SH DEFINED 02 3516 10614 1470
CATERPILLAR INC COM 149123101 25091 368999 SH DEFINED 02 267514 21202 80283
CEDAR FAIR L P COM 150185106 208 5500 SH DEFINED 02 0 2000 3500
CENTRAL & SOUTH WEST CORP COM 152357109 706 24777 SH DEFINED 02 9477 10200 5100
CENTRAL & SOUTH WEST CORP COM 152357109 207 7256 SH DEFINED 03 7256 0 0
CENTRAL FID BKS INC COM 153469101 638 18771 SH DEFINED 03 18771 0 0
CENTURY TEL ENTERPRISES INC COM 156686107 839 26450 SH DEFINED 02 0 750 25700
CHEMICAL BKG CORP COM 163722101 347 4926 SH DEFINED 02 500 3547 879
CHEVRON CORP COM 166751107 40019 713041 SH DEFINED 02 434197 136650 142194
CHEVRON CORP COM 166751107 9 168 SH DEFINED 03 168 0 0
CHIRON CORP COM 170040109 658 6700 SH DEFINED 02 0 6700 0
CHOCK FULL O NUTS CORP SUB 170268AC0 33 40000 PRN DEFINED 02 0 40000 0
CHRYSLER CORP COM 171196108 427 6873 SH DEFINED 02 4420 1100 1353
<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
CHUBB CORP COM 171232101 40826 434906 SH DEFINED 02 281883 56197 96826
CHUBB CORP COM 171232101 14 150 SH DEFINED 03 100 0 50
CINCINNATI FINL CORP COM 172062101 244 3858 SH DEFINED 02 0 441 3417
CISCO SYS INC COM 17275R102 1403 30270 SH DEFINED 02 14000 400 15870
CITICORP COM 173034109 1320 16508 SH DEFINED 02 4592 4908 7008
CITICORP COM 173034109 32 400 SH DEFINED 03 400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 376 6662 SH DEFINED 02 0 4196 2466
COCA COLA CO COM 191216100 74063 895024 SH DEFINED 02 414419 338095 142510
COCA COLA CO COM 191216100 363 4385 SH DEFINED 03 4185 0 200
COLGATE PALMOLIVE CO COM 194162103 6756 86756 SH DEFINED 02 41594 31572 13590
COLGATE PALMOLIVE CO COM 194162103 70 900 SH DEFINED 03 750 0 150
COLLEGE MANOR INC COM 194990305 517 326 SH DEFINED 02 0 326 0
COLUMBIA / HCA HEALTHCARE COM 197677107 1724 29856 SH DEFINED 02 9094 17412 3350
COMCAST CORP COM 200300200 243 13750 SH DEFINED 02 0 2800 10950
COMERICA INC COM 200340107 970 23250 SH DEFINED 02 8600 0 14650
COMPUTER DATA SYS COM 205017106 311 20000 SH DEFINED 02 0 20000 0
CONCORD EFS INC COM 206197105 914 34497 SH DEFINED 02 2250 29397 2850
CONRAIL INC COM 208368100 2134 29800 SH DEFINED 02 1400 26900 1500
CONSECO INC COM 208464107 477 6598 SH DEFINED 02 3200 0 3398
CONSOLIDATED EDISON CO N Y INC COM 209111103 325 10213 SH DEFINED 02 4212 1741 4260
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 4357 100179 SH DEFINED 02 38053 43928 18198
CONSOLIDATED NAT GAS CO COM 209615103 40 920 SH DEFINED 03 920 0 0
COOPER INDS INC SUB 216669AC5 6788 6559000 PRN DEFINED 02 5092000 1125000 342000
COOPER INDS INC COM 216669101 3707 95071 SH DEFINED 02 42464 37388 15219
COOPER TIRE & RUBR CO COM 216831107 677 26300 SH DEFINED 02 0 0 26300
COORS ADOLPH CO COM 217016104 348 19500 SH DEFINED 02 800 16000 2700
CORESTATES FINL CORP COM 218695104 67137 1584357 SH DEFINED 02 901056 393542 289759
CORESTATES FINL CORP COM 218695104 36 850 SH DEFINED 03 850 0 0
CORNING DEL L P CPF 219319209 3376 62100 PRN DEFINED 02 56100 200 5800
CORNING INC COM 219350105 26926 769336 SH DEFINED 02 423599 169789 175948
CORNING INC COM 219350105 258 13090 SH DEFINED 03 12090 0 1000
COSTCO WHSL CORP SUB 221607AB0 93 100000 PRN DEFINED 02 100000 0 0
COX COMMUNICATIONS INC NEW COM 224044107 1589 72646 SH DEFINED 02 24001 29515 19130
CRESTAR FINL CORP COM 226091106 1827 31777 SH DEFINED 02 13056 8077 10644
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 11336 474835 SH DEFINED 02 390385 22375 62075
DPL INC COM 233293109 112 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 2429 89980 SH DEFINED 02 46900 25730 17350
DSC COMMUNICATIONS COM 233311109 5 200 SH DEFINED 03 200 0 0
DANA CORP COM 235811106 7587 227342 SH DEFINED 02 119724 19600 88018
DANKA BUSINESS SYS PLC COM 236277109 1639 39200 SH DEFINED 02 0 0 39200
DARDEN RESTAURANTS INC COM 237194105 200 14860 SH DEFINED 02 11560 2700 600
DAVIS N Y VENTURE FD INC COM 239080104 7599 497341 SH DEFINED 02 0 162362 334979
DAVIS SER INC COM 239103500 331 21805 SH DEFINED 02 0 0 21805
DEAN WITTER DISCOVER & CO COM 24240V101 262 4577 SH DEFINED 02 3203 390 984
DEERE & CO COM 244199105 22802 547817 SH DEFINED 02 329120 70872 147825
DELMARVA PWR & LT CO COM 247109101 942 44336 SH DEFINED 02 7039 28489 8808
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
<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
DELTA AIR LINES INC DEL COM 247361108 6046 78650 SH DEFINED 02 69650 5350 3650
DELTA AIR LINES INC DEL CPF 247361306 11766 192493 PRN DEFINED 02 138680 28990 24823
DELTA AIR LINES INC DEL CPF 247361306 12 200 PRN DEFINED 03 200 0 0
DELTA WOODSIDE INDS INC NEW COM 247909104 1128 196300 SH DEFINED 02 159300 24500 12500
DEVRY INC DEL COM 251893103 234 6900 SH DEFINED 02 0 500 6400
DEXTER CORP COM 252165105 4210 158900 SH DEFINED 02 124875 8950 25075
DIGI INTL INC COM 253798102 401 14600 SH DEFINED 02 1000 12400 1200
DIGITAL EQUIP CORP COM 253849103 10218 185783 SH DEFINED 02 127807 40692 17284
DISNEY WALT CO COM 254687106 3423 53604 SH DEFINED 02 5868 28216 19520
DISNEY WALT CO COM 254687106 94 1476 SH DEFINED 03 1476 0 0
DOMINION RES INC VA COM 257470104 679 17196 SH DEFINED 02 5486 9047 2663
DOMINION RES INC VA COM 257470104 307 7766 SH DEFINED 03 7766 0 0
DONALDSON INC COM 257651109 465 16912 SH DEFINED 02 1124 1300 14488
DONNELLEY R R & SONS CO COM 257867101 3273 94897 SH DEFINED 02 30788 51609 12500
DOVER CORP COM 260003108 12995 284050 SH DEFINED 02 129184 71966 82900
DOVER CORP COM 260003108 39 850 SH DEFINED 03 850 0 0
DOW CHEM CO COM 260543103 38020 437017 SH DEFINED 02 229182 148153 59682
DRESSER INDS INC COM 261597108 17939 588191 SH DEFINED 02 219098 229106 139987
DU PONT E I DE NEMOURS & CO COM 263534109 72512 873645 SH DEFINED 02 435023 293752 144870
DU PONT E I DE NEMOURS & CO COM 263534109 209 2515 SH DEFINED 03 2415 0 100
DUKE PWR CO COM 264399106 7811 154680 SH DEFINED 02 85688 35508 33484
DUKE PWR CO COM 264399106 51 1000 SH DEFINED 03 1000 0 0
DUN & BRADSTREET CORP COM 264830100 66862 1102884 SH DEFINED 02 895823 132033 75028
DUN & BRADSTREET CORP COM 264830100 265 4370 SH DEFINED 03 4120 0 250
EASTMAN CHEM CO COM 277432100 916 13287 SH DEFINED 02 5338 6024 1925
EASTMAN KODAK CO COM 277461109 17841 251295 SH DEFINED 02 107548 94992 48755
EASTMAN KODAK CO COM 277461109 173 2440 SH DEFINED 03 2115 0 325
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 2099 34844 SH DEFINED 02 17002 12984 4858
EATON CORP COM 278058102 159 2640 SH DEFINED 03 2640 0 0
ECHLIN INC COM 278749106 358 9900 SH DEFINED 02 2000 1000 6900
EDISON INTL COM 281020107 200 11695 SH DEFINED 02 2695 3686 5314
EMERSON ELEC CO COM 291011104 31718 392793 SH DEFINED 02 234958 78559 79276
EMERSON ELEC CO COM 291011104 107 1325 SH DEFINED 03 1225 0 100
ENRON CORP COM 293561106 8385 227413 SH DEFINED 02 72345 51088 103980
EQUITABLE GAS CO SUB 294497AJ1 142 65000 PRN DEFINED 02 0 65000 0
EQUITABLE RES INC COM 294549100 31190 1066347 SH DEFINED 02 748469 154147 163731
EQUITABLE RES INC COM 294549100 417 14265 SH DEFINED 03 13165 0 1100
ERICSSON L M TEL CO COM 294821400 8190 383177 SH DEFINED 02 90190 202937 90050
ERICSSON L M TEL CO COM 294821400 5 250 SH DEFINED 03 250 0 0
EURO PAC GROWTH FD COM 298706102 1408 58003 SH DEFINED 02 58003 0 0
EXXON CORP COM 302290101 144633 1774648 SH DEFINED 02 852715 628972 292961
EXXON CORP COM 302290101 655 8040 SH DEFINED 03 7740 0 300
F&M BANCORP COM 302367107 1949 69013 SH DEFINED 02 2246 39511 27256
FPL GROUP INC COM 302571104 403 8907 SH DEFINED 02 6170 1437 1300
FCNB CORP COM 302920103 676 35166 SH DEFINED 02 11287 1060 22819
FASTENAL CO COM 311900104 1591 41330 SH DEFINED 02 2500 33350 5480
FEDERAL HOME LN MTG CORP COM 313400301 1275 14958 SH DEFINED 02 3000 11906 52
FIDELITY ADVISOR SER I COM 315805101 570 14355 SH DEFINED 02 0 14355 0
FIELDCREST CANNON INC SUB 316549AB0 176 220000 PRN DEFINED 02 200000 0 20000
<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
FIRST AMER BK CORP COM 318906104 373 8062 SH DEFINED 02 8062 0 0
FIRST BK SYS INC COM 319279105 798 13400 SH DEFINED 02 0 13400 0
FIRST CHICAGO NBD CORP COM 31945A100 474 11424 SH DEFINED 02 2700 7974 750
FIRST COLONY CORP COM 319741104 4031 168867 SH DEFINED 02 144650 6767 17450
FIRST COLONY CORP COM 319741104 32 1333 SH DEFINED 03 1133 0 200
FIRST DATA CORP COM 319963104 642 9119 SH DEFINED 02 0 7503 1616
FIRST UN CORP COM 337358105 598 9919 SH DEFINED 02 6115 135 3669
FIRST UN CORP COM 337358105 36 600 SH DEFINED 03 600 0 0
FIRST USA INC COM 33743H105 484 8550 SH DEFINED 02 0 1850 6700
FIRSTAR CORP NEW COM 33761C103 483 10796 SH DEFINED 02 0 0 10796
FISERV INC COM 337738108 1139 40700 SH DEFINED 02 900 7950 31850
FISHER SCIENTIFIC INTL INC SUB 338032AA3 275 245000 PRN DEFINED 02 0 0 245000
FLAG INVS EMERGING GROWTH FD COM 33832K100 343 19467 SH DEFINED 02 19467 0 0
FLAG INVS VALUE BLDR FD INC COM 33832R105 233 15919 SH DEFINED 02 0 0 15919
FLAG INVS TEL INCOME FD INC COM 338331101 764 50402 SH DEFINED 02 9142 41260 0
FLEETWOOD ENTERPRISES INC COM 339099103 5305 214350 SH DEFINED 02 81700 89050 43600
FLEETWOOD ENTERPRISES INC COM 339099103 19 750 SH DEFINED 03 750 0 0
FLEMING COS INC COM 339130106 7621 534865 SH DEFINED 02 422150 2000 110715
FLIGHTSAFETY INTL INC COM 339423105 640 11493 SH DEFINED 02 343 2892 8258
FLORIDA EAST COAST INDS INC COM 340632108 349 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 324 9520 SH DEFINED 02 200 9320 0
FORD MTR CO DEL COM 345370100 575 16752 SH DEFINED 02 3629 3840 9283
FORD MTR CO DEL COM 345370100 54 1572 SH DEFINED 03 1572 0 0
FOUNDATION HEALTH CORP COM 350401105 346 9100 SH DEFINED 02 0 0 9100
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 602 19037 SH DEFINED 02 1018 5445 12574
FRITZ COS INC COM 358846103 567 14550 SH DEFINED 02 800 12750 1000
GSE SYS INC COM 36227K106 225 15714 SH DEFINED 02 0 15714 0
GTE CORP COM 362320103 24607 562452 SH DEFINED 02 254185 210258 98009
GTE CORP COM 362320103 580 13263 SH DEFINED 03 12563 0 700
GANNETT INC COM 364730101 11512 171197 SH DEFINED 02 91548 60147 19502
GARDNER DENVER MACHY INC COM 365558105 843 35530 SH DEFINED 02 84 35278 168
GENCORP INC SUB 368682AC4 126 125000 PRN DEFINED 02 100000 0 25000
GENERAL DYNAMICS CORP COM 369550108 292 5000 SH DEFINED 02 0 5000 0
GENERAL ELEC CO COM 369604103 188405 2419337 SH DEFINED 02 1182635 861887 374815
GENERAL ELEC CO COM 369604103 1182 15179 SH DEFINED 03 14679 0 500
GENERAL INSTR CORP NEW SUB 370121AA3 75 65000 PRN DEFINED 02 0 55000 10000
GENERAL MILLS INC COM 370334104 1258 21560 SH DEFINED 02 12160 8700 700
GENERAL MOTORS CORP COM 370442105 16300 306112 SH DEFINED 02 196015 37090 73007
GENERAL MOTORS CORP COM 370442105 33 624 SH DEFINED 03 624 0 0
GENERAL MTRS CORP COM 370442402 1967 34516 SH DEFINED 02 16353 10973 7190
GENERAL MTRS CORP COM 370442402 42 740 SH DEFINED 03 40 0 700
GENERAL RE CORP COM 370563108 38750 265873 SH DEFINED 02 180091 48866 36916
GENUINE PARTS CO COM 372460105 13157 292397 SH DEFINED 02 176216 76992 39189
GENUINE PARTS CO COM 372460105 105 2325 SH DEFINED 03 2125 0 200
GENZYME CORP COM 372917104 732 13325 SH DEFINED 02 7200 2275 3850
GEORGIA PAC CORP COM 373298108 415 5984 SH DEFINED 02 1596 3280 1108
GIANT FOOD INC COM 374478105 20228 612980 SH DEFINED 02 388164 158616 66200
GIANT FOOD INC COM 374478105 129 3900 SH DEFINED 03 3900 0 0
GIDDINGS & LEWIS INC WIS COM 375048105 16691 878500 SH DEFINED 02 738170 14125 126205
GIDDINGS & LEWIS INC WIS COM 375048105 441 23230 SH DEFINED 03 21430 0 1800
<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
GILLETTE CO COM 375766102 6219 120190 SH DEFINED 02 6082 43390 70718
GILLETTE CO COM 375766102 83 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 10435 600590 SH DEFINED 02 404265 93956 102369
GLENMEDE FD INC COM 378690408 419 30596 SH DEFINED 02 30596 0 0
GLOBAL INDL TECHNOLOGIES INC COM 379335102 203 8477 SH DEFINED 02 410 6430 1637
GOODYEAR TIRE & RUBR CO COM 382550101 225 4412 SH DEFINED 02 554 3048 810
GRACE W R & CO COM 383883105 507 6452 SH DEFINED 02 54 5960 438
GRAINGER W W INC COM 384802104 5451 81209 SH DEFINED 02 19420 21513 40276
GRAINGER W W INC COM 384802104 268 4000 SH DEFINED 03 3525 0 475
GREENERY REHABILITATION GROUP SUB 394797AB0 214 245000 PRN DEFINED 02 150000 0 95000
GTECH HLDGS CORP COM 400518106 347 11200 SH DEFINED 02 0 0 11200
HFS INC COM 404181109 1293 26600 SH DEFINED 02 0 0 26600
HALLIBURTON CO COM 406216101 12705 223400 SH DEFINED 02 132147 19087 72166
HANSON PLC COM 411352305 1776 119415 SH DEFINED 02 105000 8515 5900
HARBOR FD COM 411511306 228 7906 SH DEFINED 02 0 7906 0
HARBOR FD COM 411511504 1513 63815 SH DEFINED 02 58470 5344 0
HARCOURT GEN INC COM 41163G101 1188 26200 SH DEFINED 02 0 0 26200
HARLEY DAVIDSON INC COM 412822108 723 18600 SH DEFINED 02 0 0 18600
HARRIS ASSOC INVT TR COM 413838103 745 24194 SH DEFINED 02 24194 0 0
HARSCO CORP COM 415864107 5468 82550 SH DEFINED 02 54615 18670 9265
CETUS CORP SUB 418589II0 327 325000 PRN DEFINED 02 276000 0 49000
CHUBB CAPITAL CORP SUB 419447II0 462 415000 PRN DEFINED 02 115000 30000 270000
HEALTH CARE PPTY INVS INC COM 421915109 384 12200 SH DEFINED 02 4800 6100 1300
HEALTHSOUTH CORP COM 421924101 266 7600 SH DEFINED 02 7600 0 0
HEALTHSOURCE INC COM 42221E104 271 7000 SH DEFINED 02 7000 0 0
HEILIG MEYERS CO COM 422893107 567 27500 SH DEFINED 02 0 0 27500
HEINZ H J CO COM 423074103 1368 41301 SH DEFINED 02 5256 20772 15273
DART & KRAFT FIN N V GTD DEB SUB 425676II6 104 40000 PRN DEFINED 02 40000 0 0
HERCULES INC SUB 427056AK2 41 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 1230 19845 SH DEFINED 02 4738 10850 4257
HERITAGE MEDIA CORP NEW COM 427241203 652 18200 SH DEFINED 02 0 0 18200
HERSHEY FOODS CORP COM 427866108 10686 143444 SH DEFINED 02 90953 21941 30550
HEWLETT PACKARD CO COM 428236103 59505 632200 SH DEFINED 02 399778 111170 121252
HEWLETT PACKARD CO COM 428236103 82 875 SH DEFINED 03 675 0 200
HIGHLANDS INS GROUP INC COM 431032101 233 11848 SH DEFINED 02 5656 1908 4284
HOME DEPOT INC COM 437076102 2122 44458 SH DEFINED 02 1600 25666 17192
HOMELAND BANKSHARES CORP COM 43739F104 411 14144 SH DEFINED 02 14144 0 0
HOMESTAKE MNG CO COM 437614100 4881 250340 SH DEFINED 02 174340 11100 64900
HONEYWELL INC COM 438506107 3251 58856 SH DEFINED 02 21706 27712 9438
HOUSEHOLD INTL CORP COM 441815107 611 9039 SH DEFINED 02 0 6270 2769
HOUSTON INDS INC COM 442161105 289 13372 SH DEFINED 02 2480 7892 3000
HOUSTON INDS INC COM 442161105 43 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 6056 93350 SH DEFINED 02 35697 18096 39557
HUBBELL INC COM 443510201 52 800 SH DEFINED 03 800 0 0
HEALTH CARE PPTY SUB 443528II7 110 110000 PRN DEFINED 02 0 0 110000
HUMANA INC COM 444859102 453 18050 SH DEFINED 02 1050 17000 0
ICN PHARMACEUTICALS INC NEW SUB 448924AA8 12 10000 PRN DEFINED 02 0 0 10000
ITT HARTFORD GROUP INC COM 45068H106 1337 27298 SH DEFINED 02 7232 13146 6920
ITT HARTFORD GROUP INC COM 45068H106 17 356 SH DEFINED 03 356 0 0
ITT INDS INC COM 450911102 749 29398 SH DEFINED 02 7232 15246 6920
<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
ITT INDS INC COM 450911102 9 356 SH DEFINED 03 356 0 0
ITT CORP NEW COM 450912100 1553 25898 SH DEFINED 02 7232 11746 6920
ITT CORP NEW COM 450912100 12 200 SH DEFINED 03 200 0 0
ILLINOIS TOOL WORKS INC COM 452308109 5854 90585 SH DEFINED 02 66835 15500 8250
IMPERIAL CHEM INDS PLC COM 452704505 14460 253698 SH DEFINED 02 162310 33726 57662
INGERSOLL RAND CO COM 456866102 14797 363126 SH DEFINED 02 119109 130042 113975
INGERSOLL RAND CO COM 456866102 67 1650 SH DEFINED 03 1500 0 150
INFORMATION MGMT TECHNS CORP SUB 456990AA8 96 100000 PRN DEFINED 02 0 100000 0
INTEL CORP COM 458140100 36642 644267 SH DEFINED 02 460553 87649 96065
INTEL CORP COM 458140100 80 1400 SH DEFINED 03 1400 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 57198 514147 SH DEFINED 02 230301 174557 109289
INTERNATIONAL BUSINESS MACHS COM 459200101 31 280 SH DEFINED 03 280 0 0
INTERNATIONAL FLAVORS & COM 459506101 300 6282 SH DEFINED 02 126 4950 1206
INTERNATIONAL PAPER CO COM 460146103 969 24538 SH DEFINED 02 8880 10558 5100
INTUIT COM 461202103 341 7596 SH DEFINED 02 0 7596 0
INVESTMENT CO AMER COM 461308108 238 10545 SH DEFINED 02 10545 0 0
IONICS INC COM 462218108 246 5900 SH DEFINED 02 3000 2900 0
JLG INDS INC COM 466210101 288 6300 SH DEFINED 02 0 0 6300
JAMES RIV CORP VA COM 470349101 839 32618 SH DEFINED 02 10568 1950 20100
ESCROW JAMESWAY CORP SUB 4707369B7 0 15000 PRN DEFINED 02 0 15000 0
JAPAN FD INC COM 471070102 106 11145 SH DEFINED 02 11145 0 0
JEFFERSON PILOT CORP COM 475070108 18692 346957 SH DEFINED 02 250673 43534 52750
JOHNSON & JOHNSON COM 478160104 93839 1017226 SH DEFINED 02 534270 309016 173940
JOHNSON & JOHNSON COM 478160104 302 3270 SH DEFINED 03 3220 0 50
JOHNSON CTLS INC COM 478366107 3109 41674 SH DEFINED 02 13917 15648 12109
JONES APPAREL GROUP COM 480074103 766 15800 SH DEFINED 02 0 0 15800
K N ENERGY INC COM 482620101 2153 69200 SH DEFINED 02 28402 26248 14550
KAMAN CORP SUB 483548AC7 258 323000 PRN DEFINED 02 293000 5000 25000
KAMAN CORP COM 483548103 1549 142450 SH DEFINED 02 75830 50570 16050
KAMAN CORP CPF 483548509 2879 57734 PRN DEFINED 02 50247 505 6982
S KANN SONS CO COM STPD COM 483996104 4744 93026 SH DEFINED 02 5280 87626 120
KELLOGG CO COM 487836108 2389 31550 SH DEFINED 02 10450 18200 2900
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 215 170000 PRN DEFINED 02 25000 0 145000
TIFFANY & CO NEW SUB 489242II0 43 40000 PRN DEFINED 02 0 40000 0
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
KEYSTONE INTL INC COM 493503106 2303 102362 SH DEFINED 02 83850 10712 7800
KIMBERLY CLARK CORP COM 494368103 2712 36472 SH DEFINED 02 8778 16615 11079
KIMBERLY CLARK CORP COM 494368103 36 480 SH DEFINED 03 480 0 0
KOLLMORGEN CORP SUB 500440AA0 9 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 1084 43800 SH DEFINED 02 0 0 43800
KRUGERRAND WHOLE SUB 501990501 6 1743 PRN DEFINED 02 0 1741 2
LA QUINTA INNS INC COM 504195108 267 9100 SH DEFINED 02 0 0 9100
LANDMARK GRAPHICS CORP COM 514913102 9186 552550 SH DEFINED 02 430775 42675 79100
LANDMARK GRAPHICS CORP COM 514913102 257 15440 SH DEFINED 03 14940 0 500
LEGGETT & PLATT INC COM 524660107 549 24000 SH DEFINED 02 0 24000 0
LENNAR CORP COM 526057104 582 23400 SH DEFINED 02 0 300 23100
LEUCADIA NATL CORP COM 527288104 1470 59100 SH DEFINED 02 0 30000 29100
<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
LILLY ELI & CO COM 532457108 3909 60144 SH DEFINED 02 27516 28928 3700
LINCOLN NATL CORP IND COM 534187109 11613 228847 SH DEFINED 02 129997 37975 60875
LINCOLN NATL CORP IND COM 534187109 223 4400 SH DEFINED 03 4300 0 100
LOCKHEED MARTIN CORP COM 539830109 12770 168315 SH DEFINED 02 67461 35018 65836
LOCKHEED MARTIN CORP COM 539830109 42 550 SH DEFINED 03 550 0 0
LOCTITE CORP COM 540137106 383 7600 SH DEFINED 02 0 6500 1100
LOEWS CORP COM 540424108 407 5400 SH DEFINED 02 200 5200 0
LOEWS CORP COM 540424108 425 5622 SH DEFINED 03 5622 0 0
LUBRIZOL CORP COM 549271104 5329 180657 SH DEFINED 02 53750 89597 37310
MBIA INC COM 55262C100 285 3800 SH DEFINED 02 0 0 3800
MBNA CORP COM 55262L100 253 8550 SH DEFINED 02 1800 2400 4350
MCI COMMUNICATIONS CORP COM 552673105 14777 488502 SH DEFINED 02 311500 93900 83102
MCI COMMUNICATIONS CORP COM 552673105 6 200 SH DEFINED 03 200 0 0
MAS FDS COM 552913204 871 58896 SH DEFINED 02 58896 0 0
MSD&T FNDS INC VALUE EQUITY COM 553537507 14952 1055198 SH DEFINED 02 175319 39767 840112
MSD&T FNDS INC MD TAX-EXEMPT B COM 553537705 2861 276772 SH DEFINED 02 16753 18402 241617
MSD&T FNDS INC INTL EQUITY COM 553537804 58238 4781468 SH DEFINED 02 2834897 1112278 834293
MACNEAL SCHWENDLER CORP SUB 554806AA7 22 20000 PRN DEFINED 02 0 20000 0
MANOR CARE INC COM 564054104 451 11499 SH DEFINED 02 100 1900 9499
MARK IV INDS INC COM 570387100 681 30993 SH DEFINED 02 0 30993 0
MARSH & MCLENNAN COS INC COM 571748102 21726 233936 SH DEFINED 02 145123 56785 32028
MARSH & MCLENNAN COS INC COM 571748102 26 275 SH DEFINED 03 225 0 50
MARRIOTT INTL INC COM 571900109 1104 23250 SH DEFINED 02 200 6650 16400
MASCO CORP SUB 574599AG1 3265 3349000 PRN DEFINED 02 2202000 385000 762000
MASKWA NICKEL CHROME MINES LTD COM 574990214 1 12000 SH DEFINED 02 0 0 12000
MASON-DIXON BANCSHARES INC COM 575207105 436 22662 SH DEFINED 02 11337 6327 4998
MATTEL INC COM 577081102 285 10510 SH DEFINED 02 1691 7824 995
MAY DEPT STORES CO COM 577778103 64078 1328046 SH DEFINED 02 569544 517123 241379
MAY DEPT STORES CO COM 577778103 191 3950 SH DEFINED 03 3750 0 200
MAYTAG CORP COM 578592107 15258 744294 SH DEFINED 02 514360 47434 182500
MAYTAG CORP COM 578592107 173 8450 SH DEFINED 03 8450 0 0
MCCORMICK & CO INC COM 579780107 259 11512 SH DEFINED 02 11000 512 0
MCCORMICK & CO INC COM 579780206 13330 605910 SH DEFINED 02 277122 234238 94550
MCCORMICK & CO INC COM 579780206 29 1300 SH DEFINED 03 1300 0 0
MCDONALDS CORP COM 580135101 2666 55560 SH DEFINED 02 9100 19700 26760
MCDONALDS CORP COM 580135101 67 1390 SH DEFINED 03 1390 0 0
MCKESSON CORP NEW COM 581557105 577 11269 SH DEFINED 02 0 11269 0
MEAD CORP COM 582834107 259 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 733 12300 SH DEFINED 02 1000 1600 9700
MELVILLE CORP COM 585745102 541 15000 SH DEFINED 02 0 10600 4400
MERCANTILE BANCORPORATION INC COM 587342106 536 11728 SH DEFINED 02 11278 450 0
MERCANTILE BANKSHARES CORP COM 587405101 53740 2047243 SH DEFINED 02 687472 963369 396402
MERCANTILE BANKSHARES CORP COM 587405101 4046 154125 SH DEFINED 03 62763 0 91362
MERCK & CO INC COM 589331107 140668 2259732 SH DEFINED 02 1092693 744118 422921
MERCK & CO INC COM 589331107 149 2395 SH DEFINED 03 2070 0 325
MEREDITH CORP COM 589433101 305 7400 SH DEFINED 02 0 400 7000
MERRILL LYNCH & CO INC COM 590188108 631 10400 SH DEFINED 02 0 10400 0
MERRILL LYNCH MUN BD FD INC COM 590193108 221 27753 SH DEFINED 02 27753 0 0
MICROSOFT CORP COM 594918104 2935 28467 SH DEFINED 02 16120 7625 4722
<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
MID-ATLANTIC RLTY TR COM 595232109 130 13397 SH DEFINED 02 8582 3893 922
MILLIPORE CORP COM 601073109 880 23012 SH DEFINED 02 0 12420 10592
MINERALS TECHNOLOGIES INC COM 603158106 1132 32700 SH DEFINED 02 0 0 32700
MINNESOTA MNG & MFG CO COM 604059105 62858 972660 SH DEFINED 02 525664 276610 170386
MINNESOTA MNG & MFG CO COM 604059105 390 6063 SH DEFINED 03 5513 0 550
MOBIL CORP COM 607059102 50597 436656 SH DEFINED 02 252202 115314 69140
MOBIL CORP COM 607059102 62 538 SH DEFINED 03 538 0 0
MOLEX INC COM 608554101 258 7404 SH DEFINED 02 487 3280 3637
MOLEX INC COM 608554200 392 12271 SH DEFINED 02 487 0 11784
MONSANTO CO COM 611662107 1137 7412 SH DEFINED 02 1020 4104 2288
MONSANTO CO COM 611662107 46 300 SH DEFINED 03 300 0 0
MONTGOMERY FDS COM 613828201 350 26615 SH DEFINED 02 26615 0 0
MOOG INC SUB 615394AA1 115 115000 PRN DEFINED 02 93000 0 22000
MORGAN J P & CO INC COM 616880100 28641 345081 SH DEFINED 02 229186 56375 59520
MORGAN J P & CO INC COM 616880100 133 1600 SH DEFINED 03 1600 0 0
MORGAN STANLEY GROUP INC COM 617446109 343 6600 SH DEFINED 02 6000 0 600
MORTON INTL INC IND COM 619331101 2757 71856 SH DEFINED 02 44100 16156 11600
MOTOROLA INC SUB 620076AJ8 72 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 60392 1139483 SH DEFINED 02 659094 253579 226810
MOTOROLA INC COM 620076109 539 10170 SH DEFINED 03 9270 0 900
MURPHY OIL CORP COM 626717102 20606 480608 SH DEFINED 02 330512 47516 102580
MUTUAL SER FD INC COM 628380107 659 7092 SH DEFINED 02 0 7092 0
MUTUAL SER FD INC COM 628380305 757 19500 SH DEFINED 02 19500 0 0
MYLAN LABS INC COM 628530107 359 17100 SH DEFINED 02 4900 9200 3000
NATIONAL BK CAMBRIDGE MD COM 633058102 527 21080 SH DEFINED 02 15480 5600 0
NATIONAL CITY CORP COM 635405103 911 25936 SH DEFINED 02 8402 12334 5200
NATIONAL GOLF PPTYS INC COM 63623G109 208 8200 SH DEFINED 02 2000 4800 1400
NATIONSBANK CORP COM 638585109 4621 57679 SH DEFINED 02 4375 45638 7666
NATIONSBANK CORP COM 638585109 179 2235 SH DEFINED 03 1227 0 1008
NATIONWIDE HEALTH PPTYS INC COM 638620104 445 21200 SH DEFINED 02 4000 15200 2000
NESTLE S A COM 641069406 14689 260634 SH DEFINED 02 108375 99209 53050
NESTLE S A COM 641069406 49 875 SH DEFINED 03 775 0 100
NEUBERGER & BERMAN EQUITY FDS COM 641224209 580 24388 SH DEFINED 02 24388 0 0
NEW ENGLAND ELEC SYS COM 644001109 2183 57079 SH DEFINED 02 38618 8725 9736
NEWELL CO COM 651192106 6171 230720 SH DEFINED 02 49480 62040 119200
NEWS CORP LTD COM 652487802 5548 274000 SH DEFINED 02 166900 74000 33100
NEWS CORP LTD COM 652487802 122 6000 SH DEFINED 03 6000 0 0
NOBLE AFFILIATES INC COM 654894104 213 6560 SH DEFINED 02 0 3560 3000
NOKIA CORP COM 654902204 228 6674 SH DEFINED 02 900 5474 300
NORAM ENERGY CORP COM 655419109 106 11500 SH DEFINED 02 10000 900 600
NORDSTROM INC COM 655664100 750 15500 SH DEFINED 02 0 0 15500
NORFOLK SOUTHERN CORP COM 655844108 35442 416363 SH DEFINED 02 229773 93941 92649
NORFOLK SOUTHERN CORP COM 655844108 309 3630 SH DEFINED 03 3480 0 150
NORTHEAST UTILS COM 664397106 7809 395418 SH DEFINED 02 274730 98004 22684
NORTHEAST UTILS COM 664397106 20 1000 SH DEFINED 03 1000 0 0
NORTHEAST UTILS COM 664397106 1408 71318 SH DEFINED 02 46980 11600 12738
NORTHERN STS PWR CO MINN COM 665772109 1669 34249 SH DEFINED 02 12084 18665 3500
NORTHERN TR CORP COM 665859104 583 10800 SH DEFINED 02 0 4500 6300
NOVACARE INC SUB 669930AA7 1474 1675000 PRN DEFINED 02 1625000 20000 30000
NOVELL INC COM 670006105 1805 134980 SH DEFINED 02 117350 10150 7480
<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
NUVEEN SELECT TAX-FREE COM 67062F100 180 12050 SH DEFINED 02 12050 0 0
NUVEEN MUN MKT OPPORTUNITY FD COM 67062W103 617 40483 SH DEFINED 02 37150 3333 0
NYNEX CORP COM 670768100 785 15750 SH DEFINED 02 4660 8052 3038
NYNEX CORP COM 670768100 139 2782 SH DEFINED 03 2782 0 0
NUVEEN MUN VALUE FD INC COM 670928100 423 42916 SH DEFINED 02 26250 6666 10000
OFFITBANK COM 676990104 999 75000 SH DEFINED 02 75000 0 0
OLIN CORP COM 680665205 7424 85342 SH DEFINED 02 5389 1747 78206
OMNICARE INC SUB 681904AA6 219 70000 PRN DEFINED 02 40000 20000 10000
OMNICARE INC COM 681904108 560 10400 SH DEFINED 02 0 9400 1000
OMNICOM GROUP SUB 681919AB2 668 410000 PRN DEFINED 02 10000 55000 345000
ORION CAP CORP COM 686268103 263 5828 SH DEFINED 02 5828 0 0
PHH CORP COM 693320103 3144 56535 SH DEFINED 02 33171 17568 5796
PHH CORP COM 693320103 172 3100 SH DEFINED 03 3100 0 0
PIMCO FDS COM 693390304 1766 177569 SH DEFINED 02 177569 0 0
PMI GROUP INC COM 69344M101 554 12700 SH DEFINED 02 0 0 12700
PNC BK CORP SUB 693475AA3 13 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 539 17534 SH DEFINED 02 10100 3934 3500
P P & L RES INC COM 693499105 293 12048 SH DEFINED 02 6508 5440 100
PPG INDS INC COM 693506107 8005 163791 SH DEFINED 02 74504 55176 34111
PPG INDS INC COM 693506107 7 150 SH DEFINED 03 150 0 0
PACIFIC GAS & ELEC CO COM 694308107 254 11358 SH DEFINED 02 3808 5570 1980
PACIFIC GAS & ELEC CO COM 694308107 18 800 SH DEFINED 03 800 0 0
PACIFIC GULF PPTYS INC SUB 694396AA0 192 195000 PRN DEFINED 02 40000 90000 65000
PACIFIC TELESIS GROUP COM 694890104 10046 362022 SH DEFINED 02 217823 88978 55221
PACIFIC TELESIS GROUP COM 694890104 18 649 SH DEFINED 03 569 0 80
PACIFICORP COM 695114108 14120 680528 SH DEFINED 02 478595 98090 103843
PACIFICORP COM 695114108 214 10290 SH DEFINED 03 9140 0 1150
PARKER HANNIFIN CORP COM 701094104 258 6900 SH DEFINED 02 2700 600 3600
PENNEY J C INC COM 708160106 10929 219681 SH DEFINED 02 158997 32884 27800
PENNEY J C INC COM 708160106 315 6340 SH DEFINED 03 5765 0 575
PENNSYLVANIA MUT FD INC COM 709000103 441 56138 SH DEFINED 02 0 56138 0
PEPSICO INC COM 713448108 34863 551200 SH DEFINED 02 340352 130732 80116
PEPSICO INC COM 713448108 321 5075 SH DEFINED 03 4625 0 450
PETROLEUM GEO-SVCS A/S COM 716597109 904 35900 SH DEFINED 02 0 0 35900
PHARMACIA & UPJOHN INC COM 716941109 311 7802 SH DEFINED 02 3475 3697 630
PFIZER INC COM 717081103 71438 1062282 SH DEFINED 02 538763 391208 132311
PFIZER INC COM 717081103 69 1030 SH DEFINED 03 930 0 100
PHELPS DODGE CORP COM 717265102 10040 145511 SH DEFINED 02 112500 12503 20508
PHELPS DODGE CORP COM 717265102 208 3010 SH DEFINED 03 2785 0 225
PHILIP MORRIS COS INC COM 718154107 89168 1016160 SH DEFINED 02 615250 265551 135359
PHILIP MORRIS COS INC COM 718154107 95 1080 SH DEFINED 03 1080 0 0
PHILLIPS PETE CO COM 718507106 280 7104 SH DEFINED 02 300 6504 300
PITNEY BOWES INC COM 724479100 2465 50309 SH DEFINED 02 80 12416 37813
PITNEY BOWES INC COM 724479100 5 100 SH DEFINED 03 100 0 0
PITTWAY CORP DEL COM 725790208 1007 20362 SH DEFINED 02 112 2850 17400
POTASH CORP SASK INC COM 73755L107 389 6225 SH DEFINED 02 1500 1000 3725
POTLATCH CORP COM 737628107 9567 223802 SH DEFINED 02 131853 47951 43998
POTLATCH CORP COM 737628107 26 600 SH DEFINED 03 600 0 0
POTOMAC ELEC PWR CO COM 737679100 1104 42286 SH DEFINED 02 16622 16200 9464
POTOMAC ELEC PWR CO COM 737679100 153 5852 SH DEFINED 03 5852 0 0
<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
PREMARK INTL INC COM 740459102 1173 21878 SH DEFINED 02 14696 3800 3382
PRICE CO SUB 741440AB7 101 100000 PRN DEFINED 02 100000 0 0
PRICE CO SUB 741440AC5 51 50000 PRN DEFINED 02 0 0 50000
PRICE CO SUB 741440AB7 40 40000 PRN DEFINED 02 20000 0 20000
PRICE CO SUB 741440AC5 10 10000 PRN DEFINED 02 0 0 10000
PRICE CO SUB 741440AB7 20 20000 PRN DEFINED 02 0 0 20000
PRICE CO SUB 741440AC5 51 50000 PRN DEFINED 02 0 0 50000
PRICE CO SUB 741440AB7 35 35000 PRN DEFINED 02 0 0 35000
PRICE CO SUB 741440AC5 20 20000 PRN DEFINED 02 0 0 20000
PRICE CO SUB 741440AB7 80 80000 PRN DEFINED 02 80000 0 0
PRICE CO SUB 741440AC5 25 25000 PRN DEFINED 02 10000 0 15000
T ROWE PRICE ASSOC INC COM 741477103 6997 132025 SH DEFINED 02 400 126525 5100
T ROWE PRICE GROWTH STK FD COM 741479109 721 29588 SH DEFINED 02 9668 13177 6742
PROCTER & GAMBLE CO COM 742718109 167083 1971490 SH DEFINED 02 1105679 679718 186093
PROCTER & GAMBLE CO COM 742718109 148 1750 SH DEFINED 03 1550 0 200
PROFFITTS INC SUB 742925AA8 51 55000 PRN DEFINED 02 50000 0 5000
PROGRESSIVE CORP OHIO COM 743315103 682 15300 SH DEFINED 02 0 0 15300
PROTECTIVE LIFE CORP COM 743674103 811 24056 SH DEFINED 02 0 4656 19400
PROVIDENT BANKSHARES CORP COM 743859100 498 14994 SH DEFINED 02 1574 11550 1870
PROVIDIAN CORP COM 744061102 272 6100 SH DEFINED 02 0 2500 3600
PUBLIC SVC ENTERPRISE GROUP COM 744573106 248 9075 SH DEFINED 02 3725 4100 1250
PUBLIC SVC ENTERPRISE GROUP COM 744573106 82 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 761 22816 SH DEFINED 02 2160 16556 4100
QUAKER ST CORP COM 747410108 3759 268541 SH DEFINED 02 97244 58900 112397
QUALCOMM INC COM 747525103 488 11770 SH DEFINED 02 700 10170 900
QUESTAR CORP COM 748356102 13478 408454 SH DEFINED 02 239975 96862 71617
QUESTAR CORP COM 748356102 84 2550 SH DEFINED 03 2550 0 0
RPM INC OHIO COM 749685103 1870 120680 SH DEFINED 02 10625 86400 23655
RPM INC OHIO COM 749685103 19 1250 SH DEFINED 03 1250 0 0
RALSTON PURINA CO COM 751277302 889 13307 SH DEFINED 02 2614 2907 7786
RALSTON PURINA CO COM 751277302 13 200 SH DEFINED 03 200 0 0
RAYTHEON CO COM 755111101 8225 160488 SH DEFINED 02 100934 31928 27626
RAYTHEON CO COM 755111101 144 2800 SH DEFINED 03 2800 0 0
READERS DIGEST ASSN INC COM 755267101 8277 175188 SH DEFINED 02 136700 22613 15875
READERS DIGEST ASSN INC COM 755267200 310 7200 SH DEFINED 02 450 6050 700
REGIONS FINL CORP COM 758940100 14568 332048 SH DEFINED 02 150094 102357 79597
REGIONS FINL CORP COM 758940100 140 3200 SH DEFINED 03 3200 0 0
REPUBLIC N Y CORP COM 760719104 232 3906 SH DEFINED 02 300 206 3400
RESEARCH MED INC COM 761004100 207 9000 SH DEFINED 02 0 8400 600
REYNOLDS & REYNOLDS CO COM 761695105 492 12000 SH DEFINED 02 0 0 12000
REYNOLDS METALS CO COM 761763101 5673 95953 SH DEFINED 02 70422 11086 14445
RESERVOIR CAP CORP SUB 761990407 1 26250 PRN DEFINED 02 0 13500 12750
ROCKWELL INTL CORP COM 774347108 347 5900 SH DEFINED 02 5680 0 220
ROHM & HAAS CO COM 775371107 473 7124 SH DEFINED 02 2988 3936 200
ROPER INDS INC NEW COM 776696106 441 9600 SH DEFINED 02 0 0 9600
ROUSE CO COM 779273101 2524 115409 SH DEFINED 02 1050 60350 54009
T ROWE PRICE INTL FD INC COM 77956H203 2638 204045 SH DEFINED 02 201622 2423 0
T ROWE PRICE NEW HORIZONS FD COM 779562107 1346 61766 SH DEFINED 02 34302 18563 8899
T ROWE PRICE ST TAX FREE COM 77957R101 1096 107338 SH DEFINED 02 1702 105635 0
ROWE T PRICE ST TAX FREE COM 77957R606 67 13227 SH DEFINED 02 13227 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
T ROWE PRICE TAX FREE INCOME COM 779576107 421 44638 SH DEFINED 02 14802 27854 1981
T ROWE PRICE TAX FREE SHORT COM 779902105 106 20068 SH DEFINED 02 16572 3496 0
ROYAL DUTCH PETE CO COM 780257705 2520 17841 SH DEFINED 02 6889 7868 3084
ROYCE FD COM 780905105 617 60043 SH DEFINED 02 0 60043 0
RUBBERMAID INC COM 781088109 4466 157400 SH DEFINED 02 67675 28800 60925
RUBBERMAID INC COM 781088109 72 2550 SH DEFINED 03 2350 0 200
SBC COMMUNICATIONS INC COM 78387G103 2085 39636 SH DEFINED 02 11640 18868 9128
SBC COMMUNICATIONS INC COM 78387G103 66 1264 SH DEFINED 03 1144 0 120
SAFETY KLEEN CORP COM 786484105 3392 236000 SH DEFINED 02 216875 11500 7625
ST PAUL COS INC COM 792860108 366 6600 SH DEFINED 02 700 2300 3600
SALOMON 6.75% "DEC" (ELKS) CPF 79549B511 342 7250 PRN DEFINED 02 7250 0 0
SAN JUAN RACING ASSN INC COM 798407102 0 30324 SH DEFINED 02 0 30324 0
SANIFILL INC SUB 801018AB8 54 55000 PRN DEFINED 02 10000 0 45000
SARA LEE CORP COM 803111103 2019 61434 SH DEFINED 02 6800 44924 9710
SARA LEE CORP COM 803111103 76 2300 SH DEFINED 03 1300 0 1000
SCANA CORP COM 805898103 425 15460 SH DEFINED 02 6560 7700 1200
SCANA CORP COM 805898103 55 2000 SH DEFINED 03 2000 0 0
SCHERER R P CORP DEL COM 806528105 478 10900 SH DEFINED 02 0 0 10900
SCHERING PLOUGH CORP COM 806605101 30142 518582 SH DEFINED 02 122720 373092 22770
SCHERING PLOUGH CORP COM 806605101 12 200 SH DEFINED 03 200 0 0
SCHLUMBERGER LTD COM 806857108 46546 588267 SH DEFINED 02 394766 113494 80007
SCHLUMBERGER LTD COM 806857108 63 800 SH DEFINED 03 725 0 75
SCHOLASTIC CORP COM 807066105 735 10700 SH DEFINED 02 0 0 10700
SCHULMAN A INC COM 808194104 856 40554 SH DEFINED 02 0 500 40054
SEAGATE TECHNOLOGY COM 811804103 248 4533 SH DEFINED 02 0 0 4533
SEAGRAM LTD COM 811850106 210 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 1058 21703 SH DEFINED 02 14892 4586 2225
SENSORMATIC ELECTRS CORP COM 817265101 343 16950 SH DEFINED 02 0 1500 15450
SEQUOIA FD INC COM 817418106 1007 11973 SH DEFINED 02 0 3136 8837
SERVICE CORP INTL COM 817565104 486 9950 SH DEFINED 02 0 2250 7700
SERVICEMASTER LTD PARTNERSHIP COM 817615107 2885 89138 SH DEFINED 02 1800 12600 74738
SHAW INDS INC COM 820286102 152 13900 SH DEFINED 02 0 13900 0
SHERWIN WILLIAMS CO COM 824348106 776 17492 SH DEFINED 02 1592 8600 7300
SHIVA CORP COM 824851109 403 4445 SH DEFINED 02 0 3945 500
SIGNET BKG CORP COM 826681108 2181 87711 SH DEFINED 02 37980 30074 19657
SIGNET BKG CORP COM 826681108 55 2200 SH DEFINED 03 2000 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 394 14870 SH DEFINED 02 1500 12170 1200
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 5609 108929 SH DEFINED 02 40150 41220 27559
SNAP-ON INC COM 833034101 134 2872 SH DEFINED 03 2872 0 0
SOLA INTL INC COM 834092108 451 14522 SH DEFINED 02 0 14522 0
SONAT INC COM 835415100 1957 54388 SH DEFINED 02 28960 23968 1460
SOUTHERN CO COM 842587107 706 29599 SH DEFINED 02 15436 9104 5059
SOUTHERN NEW ENGLAND COM 843485103 298 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 382 11511 SH DEFINED 02 6144 4993 374
SPACELABS MED INC COM 846247104 331 14245 SH DEFINED 02 975 0 13270
SPRINGS INDS INC COM 851783100 1030 22397 SH DEFINED 02 22397 0 0
SPRINT CORP COM 852061100 878 23108 SH DEFINED 02 7888 11646 3574
<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
SPRINT CORP COM 852061100 6 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1536 2195000 PRN DEFINED 02 1865000 0 330000
STANLEY WKS COM 854616109 3259 59260 SH DEFINED 02 23750 21425 14085
STANLEY WKS COM 854616109 22 400 SH DEFINED 03 400 0 0
STATE STR BOSTON CORP COM 857473102 380 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 429 15271 SH DEFINED 02 0 0 15271
STEWART ENTERPRISES INC COM 860370105 551 12900 SH DEFINED 02 0 0 12900
STRATACOM INC COM 862683109 271 7420 SH DEFINED 02 600 6120 700
STRIDE RITE CORP COM 863314100 10676 1169976 SH DEFINED 02 964351 10300 195325
STRIDE RITE CORP COM 863314100 108 11800 SH DEFINED 03 11800 0 0
STRYKER CORP COM 863667101 654 13300 SH DEFINED 02 400 300 12600
STUDENT LN MARKETING ASSN COM 863871505 309 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 28 15000 SH DEFINED 02 15000 0 0
SUN MICROSYSTEMS INC COM 866810104 350 8000 SH DEFINED 02 3200 4600 200
SUNTRUST BKS INC COM 867914103 4832 69036 SH DEFINED 02 50565 11450 7021
SWISS BK CORP COM 8708H6HG6 0 7000000 SH DEFINED 02 7000000 0 0
SWISS BK CORP COM 8708H6HN1 0 14000000 SH DEFINED 02 4000000 0 0
SWISS BK CORP COM 8708H6HG6 0 3000000 SH DEFINED 02 3000000 0 0
SYBRON INTL CORP - WISCONSIN COM 87114F106 737 30100 SH DEFINED 02 100 6000 24000
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 563 17150 SH DEFINED 02 5400 3800 7950
SYSCO CORP COM 871829107 40 1200 SH DEFINED 03 1200 0 0
TECO ENERGY INC COM 872375100 321 12936 SH DEFINED 02 6708 3656 2572
TECO ENERGY INC COM 872375100 50 2000 SH DEFINED 03 2000 0 0
TIG HLDGS INC COM 872469101 799 24600 SH DEFINED 02 0 200 24400
TRW INC COM 872649108 360 4044 SH DEFINED 02 2064 980 1000
TAMBRANDS INC COM 875080103 16382 350420 SH DEFINED 02 211095 61250 78075
TECH DATA CORP COM 878237106 264 15800 SH DEFINED 02 0 0 15800
TECHNE CORP COM 878377100 492 20300 SH DEFINED 02 2000 16700 1600
TELLABS INC COM 879664100 335 6930 SH DEFINED 02 400 5930 600
TEMPLETON DEVELOPING MKTS TR COM 88018W104 733 51597 SH DEFINED 02 51597 0 0
TEMPLETON FDS INC COM 880196209 401 41820 SH DEFINED 02 41820 0 0
TERADYNE INC COM 880770102 7632 455650 SH DEFINED 02 365525 3500 86625
TERADYNE INC COM 880770102 5 300 SH DEFINED 03 300 0 0
TEXACO INC COM 881694103 2698 31472 SH DEFINED 02 8856 15662 6954
TEXACO INC COM 881694103 133 1550 SH DEFINED 03 1550 0 0
TEXAS INSTRUMENTS INC COM 882508104 382 7523 SH DEFINED 02 391 6650 482
TEXAS INSTRUMENTS INC COM 882508104 34 664 SH DEFINED 03 664 0 0
TEXAS UTILS CO COM 882848104 5664 136912 SH DEFINED 02 118562 12710 5640
TEXAS UTILS CO COM 882848104 194 4700 SH DEFINED 03 4700 0 0
THERMO ELECTRON CORP SUB 883556AE2 172 90000 PRN DEFINED 02 5000 50000 35000
THERMO ELECTRON CORP COM 883556102 255 4275 SH DEFINED 02 1225 1800 1250
THERMO INSTR SYS INC SUB 883559AA4 144 50000 PRN DEFINED 02 50000 0 0
THOMAS & BETTS CORP COM 884315102 5878 78382 SH DEFINED 02 40825 32090 5467
THOMAS & BETTS CORP COM 884315102 34 450 SH DEFINED 03 450 0 0
3COM CORP COM 885535104 270 6795 SH DEFINED 02 3800 2595 400
TIME WARNER INC COM 887315109 335 8211 SH DEFINED 02 400 5504 2307
TIMES MIRROR CO NEW COM 887364107 996 25317 SH DEFINED 02 6789 9554 8974
<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
TIMES MIRROR CO NEW PFD 887364404 289 11124 SH DEFINED 02 6570 1880 2674
TIMKEN CO COM 887389104 13017 282218 SH DEFINED 02 190885 12983 78350
TIMKEN CO COM 887389104 76 1650 SH DEFINED 03 1500 0 150
TORCHMARK CORP COM 891027104 480 10673 SH DEFINED 02 0 5423 5250
TOYS R US INC COM 892335100 1593 59027 SH DEFINED 02 46690 8162 4175
TRANSAMERICA CORP COM 893485102 211 2830 SH DEFINED 02 1330 100 1400
TRAVELERS GROUP INC COM 894190107 3538 53613 SH DEFINED 02 7801 43012 2800
TRAVELERS GROUP INC COM 894190107 13 200 SH DEFINED 03 200 0 0
TRIMAS CORP COM 896215100 723 32900 SH DEFINED 02 0 0 32900
TYCO INTL LTD COM 902120104 1837 51400 SH DEFINED 02 0 1100 50300
UAM ICM SMALL CO PORTFOLIO COM 902555762 363 18681 SH DEFINED 02 0 5361 13319
USX-MARATHON GROUP NEW COM 902905827 681 35413 SH DEFINED 02 29825 4241 1347
USX-MARATHON GROUP NEW COM 902905827 8 390 SH DEFINED 03 390 0 0
UST INC COM 902911106 1530 48000 SH DEFINED 02 42000 6000 0
UNUM CORP COM 903192102 6470 108748 SH DEFINED 02 78025 15523 15200
UNUM CORP COM 903192102 42 700 SH DEFINED 03 700 0 0
USF&G CORP COM 903290104 3116 201071 SH DEFINED 02 172721 21647 6703
UNIFI INC SUB 904677AC5 172 170000 PRN DEFINED 02 10000 50000 110000
UNIFI INC COM 904677101 679 27600 SH DEFINED 02 0 900 26700
UNILEVER N V COM 904784501 4849 35725 SH DEFINED 02 6568 15287 13870
UNION CAMP CORP COM 905530101 24701 497756 SH DEFINED 02 337355 67501 92900
UNION NATL BANCORP INC COM 907103105 448 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 14664 213689 SH DEFINED 02 88094 81105 44490
UNION PAC CORP COM 907818108 7 100 SH DEFINED 03 100 0 0
UNITED DOMINION RLTY TR INC COM 910197102 370 25342 SH DEFINED 02 0 1642 23700
UNITED DOMINION RLTY TR INC COM 910197102 3 200 SH DEFINED 03 200 0 0
U S HEALTHCARE INC COM 911910107 294 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 556 17174 SH DEFINED 02 6948 7565 2661
U S WEST INC COM 912889102 16 494 SH DEFINED 03 494 0 0
U S WEST INC COM 912889201 353 17120 SH DEFINED 02 6710 7565 2845
U S WEST INC COM 912889201 10 494 SH DEFINED 03 494 0 0
UNITED TECHNOLOGIES CORP COM 913017109 34590 308155 SH DEFINED 02 210653 55742 41760
UNIVERSAL CORP VA COM 913456109 587 23400 SH DEFINED 02 0 22500 900
UNIVERSAL FOODS CORP COM 913538104 7721 202535 SH DEFINED 02 165025 7700 29810
UNIVERSAL FOODS CORP COM 913538104 126 3300 SH DEFINED 03 3300 0 0
UNOCAL CORP COM 915289102 205 6170 SH DEFINED 02 0 3615 2555
V F CORP COM 918204108 7603 137620 SH DEFINED 02 81660 15810 40150
V F CORP COM 918204108 144 2600 SH DEFINED 03 2600 0 0
VALASSIS COMMUNICATIONS INC COM 918866104 440 26500 SH DEFINED 02 0 0 26500
VANCE SANDERS EXCH FD COM 921902102 1584 4319 SH DEFINED 02 0 4319 0
VANGUARD / WELLINGTON FD INC COM 921935102 222 8877 SH DEFINED 02 0 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 209 13563 SH DEFINED 02 2895 10668 0
VANGUARD INTL EQUITY INDEX FD COM 922042106 1534 130623 SH DEFINED 02 120585 0 10037
VANGUARD INTL EQUITY INDEX FD COM 922042205 510 35154 SH DEFINED 02 26028 0 9126
VASTAR RES INC COM 922380100 228 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 771 12767 SH DEFINED 02 0 140 12627
VANGUARD INDEX TR COM 922908306 381 24192 SH DEFINED 02 0 0 24192
VIACOM INC COM 925524308 731 17364 SH DEFINED 02 314 15350 1700
WMX TECHNOLOGIES INC COM 92929Q107 1263 39800 SH DEFINED 02 11700 14300 13800
<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
WABAN INC SUB 929394AA2 166 155000 PRN DEFINED 02 140000 0 15000
WABASH NATL CORP COM 929566107 613 32300 SH DEFINED 02 0 0 32300
WACHOVIA CORP NEW COM 929771103 6646 148520 SH DEFINED 02 58133 64907 25480
WACHOVIA CORP NEW COM 929771103 129 2875 SH DEFINED 03 2875 0 0
W&L SALES CO INC COM 929990406 3227 554053 SH DEFINED 02 554053 0 0
WAL MART STORES INC COM 931142103 9371 407474 SH DEFINED 02 157929 161150 88395
WAL MART STORES INC COM 931142103 94 4100 SH DEFINED 03 2700 0 1400
WANG LABS INC NEW COM 93369N109 237 10000 SH DEFINED 02 0 0 10000
WARBURG PINCUS CAP COM 933908105 200 12081 SH DEFINED 02 0 12081 0
WARBURG PINCUS INTL EQUITY FD COM 933910101 2423 118552 SH DEFINED 02 114049 4503 0
WARNACO GROUP INC COM 934390105 617 25600 SH DEFINED 02 0 0 25600
WARNER LAMBERT CO COM 934488107 28904 279950 SH DEFINED 02 117267 94575 68108
WARNER LAMBERT CO COM 934488107 150 1450 SH DEFINED 03 1450 0 0
WASHINGTON GAS LT CO COM 938837101 15 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 455 20838 SH DEFINED 02 10704 7844 2290
WASHINGTON GAS LT CO COM 938837101 70 3200 SH DEFINED 03 3200 0 0
WASHINGTON MUT INVS FD INC COM 939330106 1189 52385 SH DEFINED 02 29073 22811 500
WASHINGTON POST CO COM 939640108 16778 56279 SH DEFINED 02 17787 5488 33004
WATERS CORP COM 941848103 222 9155 SH DEFINED 02 0 9155 0
WELLS FARGO & CO COM 949740104 248 950 SH DEFINED 02 0 950 0
WESTINGHOUSE ELEC CORP COM 960402105 290 15004 SH DEFINED 02 7048 4856 3100
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
WESTVACO CORP COM 961548104 20733 705834 SH DEFINED 02 477924 110258 117652
WESTVACO CORP COM 961548104 75 2550 SH DEFINED 03 2550 0 0
WEYERHAEUSER CO COM 962166104 440 9549 SH DEFINED 02 2149 7400 0
WHIRLPOOL CORP COM 963320106 3965 71775 SH DEFINED 02 8100 42592 21083
WHITTAKER CORPORATION NEW COM 966680407 705 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 363 10804 SH DEFINED 02 8200 0 2604
WISCONSIN ENERGY CORP COM 976657106 9069 319626 SH DEFINED 02 152509 62955 104162
WISCONSIN ENERGY CORP COM 976657106 159 5600 SH DEFINED 03 5600 0 0
WITCO CORP COM 977385103 30407 862614 SH DEFINED 02 439176 200198 223240
WITCO CORP COM 977385103 19 550 SH DEFINED 03 550 0 0
WOLVERINE TUBE INC COM 978093102 477 11758 SH DEFINED 02 100 3008 8650
WORTHINGTON INDS INC COM 981811102 16860 848325 SH DEFINED 02 474500 194825 179000
WORTHINGTON INDS INC COM 981811102 386 19450 SH DEFINED 03 18350 0 1100
WRIGLEY WM JR CO COM 982526105 444 7580 SH DEFINED 02 2260 3120 2200
XEROX CORP COM 984121103 1313 10463 SH DEFINED 02 2115 5448 2900
YORK INTL CORP NEW COM 986670107 432 8833 SH DEFINED 02 0 2433 6400
REPORT SUMMARY 790 DATA RECORDS 4360467 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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