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<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 06/30/97
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:
ALAN D. YARBRO GENERAL COUNSEL & SECRETARY 410-237-5204
Signature, Place and Date of Signing:
/s/ ALAN D. YARBRO BALTIMORE MD 07/25/97
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 578 28057 SH DEFINED 02 11029 13428 3600
AT&T CORP COM 001957109 27038 771151 SH DEFINED 02 413368 161454 196329
AT&T CORP COM 001957109 520 14844 SH DEFINED 03 14194 0 650
ABB AB COM 00256Q103 10610 75995 SH DEFINED 02 30391 29639 15965
ABB AB COM 00256Q103 14 100 SH DEFINED 03 100 0 0
ABBOTT LABS COM 002824100 13293 199150 SH DEFINED 02 49023 88677 61450
ABBOTT LABS COM 002824100 449 6730 SH DEFINED 03 6730 0 0
ACNIELSON CORPORATION W/I COM 004833109 1560 79541 SH DEFINED 02 67230 10237 2074
ADVANCED TECHNOLOGY LABS INC COM 00755N106 937 21806 SH DEFINED 02 8456 13350 0
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 INC COM 008117103 823 8040 SH DEFINED 02 2204 3750 2086
AHMANSON H F & CO COM 008677106 4784 110791 SH DEFINED 02 103316 2800 4675
AHMANSON H F & CO COM 008677106 180 4160 SH DEFINED 03 3960 0 200
AIR PRODS & CHEMS INC COM 009158106 35090 431889 SH DEFINED 02 270369 76577 84943
AIR PRODS & CHEMS INC COM 009158106 385 4740 SH DEFINED 03 4740 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 9392 341551 SH DEFINED 02 157313 98221 86017
AIRTOUCH COMMUNICATIONS INC COM 00949T100 17 636 SH DEFINED 03 556 0 80
AIRTOUCH COMMUNICATIONS CPF 00949T209 11263 396064 PRN DEFINED 02 280914 19000 96150
AIRTOUCH COMMUNICATIONS CPF 00949T209 577 20300 PRN DEFINED 03 19600 0 700
AIRTOUCH COMMUNICATIONS PFD 00949T308 662 13800 SH DEFINED 02 0 0 13800
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 233 6400 SH DEFINED 02 0 6400 0
ALEX BROWN INC COM 013902101 907 12856 SH DEFINED 02 845 12011 0
ALLEGHENY PWR SYS INC COM 017411109 436 16346 SH DEFINED 02 4240 9906 2200
ALLERGAN INC COM 018490102 545 17134 SH DEFINED 02 11684 4450 1000
ALLIANCE FD COM 01859K105 100 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 1464 17436 SH DEFINED 02 6068 7392 3976
ALLIED SIGNAL INC COM 019512102 25 300 SH DEFINED 03 300 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 353 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 4066 55705 SH DEFINED 02 22409 20029 13267
ALLSTATE CORP COM 020002101 343 3325 SH DEFINED 03 2975 0 350
ALLTRISTA CORP COM 020040101 522 19100 SH DEFINED 02 0 19100 0
ALTERA CORP COM 021441100 348 6900 SH DEFINED 02 0 6500 400
ALUMINUM CO AMER COM 022249106 6325 83915 SH DEFINED 02 40443 34400 9072
ALZA CORP SUB 022615AD0 527 525000 PRN DEFINED 02 10000 75000 440000
AMERADA HESS CORP COM 023551104 719 12946 SH DEFINED 02 970 11976 0
AMERICA ONLINE INC DEL COM 02364J104 305 5500 SH DEFINED 02 0 4800 700
AMERICAN ASIATIC OIL CORP COM 023879109 0 200000 SH DEFINED 02 0 90000 110000
AMERICAN ELEC PWR INC COM 025537101 541 12911 SH DEFINED 02 3368 5970 3573
AMERICAN ELEC PWR INC COM 025537101 30 725 SH DEFINED 03 725 0 0
AMERICAN EXPRESS CO COM 025816109 5477 73526 SH DEFINED 02 34172 28952 10402
AMERICAN FINL GROUP INC COM 02608W101 210 4950 SH DEFINED 02 0 600 4350
AMERICAN GENERAL CORP COM 026351106 13255 277612 SH DEFINED 02 118633 139505 19474
AMERICAN HOME PRODS CORP COM 026609107 125073 1634948 SH DEFINED 02 819607 536174 279167
AMERICAN HOME PRODS CORP COM 026609107 654 8550 SH DEFINED 03 8200 0 350
AMERICAN INTL GROUP INC COM 026874107 19647 131530 SH DEFINED 02 52971 47709 30850
AMERICAN INTL GROUP INC COM 026874107 478 3200 SH DEFINED 03 2850 0 350
AMERITECH CORP NEW COM 030954101 17618 259340 SH DEFINED 02 126843 95450 37047
<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
AMERITECH CORP NEW COM 030954101 91 1348 SH DEFINED 03 1228 0 120
AMETEK INC COM 031105109 206 8800 SH DEFINED 02 0 8800 0
AMGEN INC COM 031162100 3473 59767 SH DEFINED 02 30025 10510 19232
AMGEN INC COM 031162100 99 1700 SH DEFINED 03 1575 0 125
AMP INC COM 031897101 35842 858514 SH DEFINED 02 459394 241446 157674
AMP INC COM 031897101 221 5300 SH DEFINED 03 5300 0 0
AMOCO CORP COM 031905102 65450 752849 SH DEFINED 02 396005 216736 140108
AMOCO CORP COM 031905102 697 8019 SH DEFINED 03 6419 0 1600
AMSOUTH BANCORPORATION COM 032165102 875 23166 SH DEFINED 02 0 7593 15573
ANADIGICS INC COM 032515108 222 7186 SH DEFINED 02 0 6736 450
ANALYSTS INTL CORP COM 032681108 239 7150 SH DEFINED 02 0 7150 0
ANHEUSER BUSCH COS INC COM 035229103 739 17644 SH DEFINED 02 400 12336 4908
AON CORP COM 037389103 216 4188 SH DEFINED 02 756 3432 0
AON CORP COM 037389103 12 225 SH DEFINED 03 225 0 0
APACHE CORP COM 037411105 1246 38367 SH DEFINED 02 2300 16067 20000
APPLIED INDL TECHNOLOGIES INC COM 03820C105 4208 116910 SH DEFINED 02 81694 22341 12875
APPLIED INDL TECHNOLOGIES INC COM 03820C105 48 1325 SH DEFINED 03 1325 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 589 25066 SH DEFINED 02 900 21009 3157
GUINNESS PLC ORD GBP 0.25 COM 039600002 117 12000 SH DEFINED 02 0 12000 0
ASHLAND COAL INC COM 043906106 1496 52512 SH DEFINED 02 51812 700 0
ATLANTIC RICHFIELD CO COM 048825103 45566 646338 SH DEFINED 02 366804 179962 99572
ATLANTIC RICHFIELD CO COM 048825103 830 11776 SH DEFINED 03 11176 0 600
AURA SYS INC COM 051526101 17 10000 SH DEFINED 02 10000 0 0
AUTODESK INC COM 052769106 14709 383927 SH DEFINED 02 239067 44950 99910
AUTODESK INC COM 052769106 182 4750 SH DEFINED 03 4750 0 0
AUTOLIV INC COM 052800109 1258 32175 SH DEFINED 02 16234 6264 9677
AVERY DENNISON CORP COM 053611109 740 18452 SH DEFINED 02 6800 6052 5600
AVNET INC COM 053807103 5486 95422 SH DEFINED 02 60425 9882 25115
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 516 7324 SH DEFINED 02 1190 292 5842
BAKER HUGHES INC COM 057224107 260 6721 SH DEFINED 02 3025 2476 1220
BALTIMORE CEMETERY COMPANY COM 058991100 2925 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 19344 724853 SH DEFINED 02 276048 288696 160109
BALTIMORE GAS & ELEC CO COM 059165100 40 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 391 8086 SH DEFINED 02 1884 5312 890
BANK NEW YORK INC COM 064057102 450 10332 SH DEFINED 02 1300 6232 2800
BANKAMERICA CORP COM 066050105 565 8756 SH DEFINED 02 1424 4310 3022
BARD C R INC COM 067383109 646 17805 SH DEFINED 02 17605 0 200
BARNETT BKS INC COM 068055102 9795 186590 SH DEFINED 02 108593 47086 30911
BARNETT BKS INC COM 068055102 126 2398 SH DEFINED 03 2398 0 0
BAXTER INTL INC COM 071813109 2344 44813 SH DEFINED 02 21971 16430 6412
BECKMAN INSTRS INC COM 075816108 1395 28932 SH DEFINED 02 16844 9284 2804
BECKMAN INSTRS INC COM 075816108 105 2170 SH DEFINED 03 2170 0 0
BECTON DICKINSON & CO COM 075887109 1373 27140 SH DEFINED 02 5300 18400 3440
BELL ATLANTIC CORP COM 077853109 15101 199033 SH DEFINED 02 94574 65426 39033
BELL ATLANTIC CORP COM 077853109 161 2118 SH DEFINED 03 2118 0 0
BELLSOUTH CORP COM 079860102 42059 906950 SH DEFINED 02 511059 213176 182715
BELLSOUTH CORP COM 079860102 685 14782 SH DEFINED 03 14232 0 550
BENCHMARK ELECTRS INC COM 08160H101 459 11350 SH DEFINED 02 0 10950 400
BENEFICIAL CORP COM 081721102 1370 19291 SH DEFINED 02 13089 4602 1600
<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
BERKSHIRE HATHAWAY INC DEL COM 084670108 107852 2285 SH DEFINED 02 1 2279 5
BERKSHIRE HATHAWAY INC DEL COM 084670207 712 451 SH DEFINED 02 14 145 292
BEVERLY ENTERPRISES INC SUB 087851AB7 15 15000 PRN DEFINED 02 0 15000 0
BIOWHITTAKER INC COM 09066T108 235 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 2045 54999 SH DEFINED 02 35779 10741 8479
BLOUNT INTL INC COM 095177101 634 14900 SH DEFINED 02 0 14900 0
BOEING CO COM 097023105 13317 250980 SH DEFINED 02 171988 36328 42664
BOEING CO COM 097023105 409 7705 SH DEFINED 03 7005 0 700
BOSTON METALS COMPANY NON-VTG COM 100990100 2288 73815 SH DEFINED 02 0 73815 0
CHARLES T. BRANDT INC COM 104995105 500 70 SH DEFINED 02 0 70 0
BRANDYWINE FD INC COM 10532D107 1521 41216 SH DEFINED 02 0 41216 0
BRISTOL MYERS SQUIBB CO COM 110122108 194307 2398862 SH DEFINED 02 1172174 994853 231835
BRISTOL MYERS SQUIBB CO COM 110122108 464 5725 SH DEFINED 03 5575 0 150
BRITISH PETE LTD COM 110889409 12303 164326 SH DEFINED 02 122646 16608 25072
BROOKLYN UN GAS CO COM 114259104 14297 499460 SH DEFINED 02 333974 81376 84110
BROOKLYN UN GAS CO COM 114259104 305 10650 SH DEFINED 03 10650 0 0
BROWN & SHARPE MFG CO SUB 115223AA7 4 4000 PRN DEFINED 02 4000 0 0
BROWNING FERRIS INDS INC COM 115885105 2230 67077 SH DEFINED 02 60908 1275 4894
BROWNING FERRIS INDS INC COM 115885105 145 4375 SH DEFINED 03 4375 0 0
BUILDERS TRANS INC SUB 120084AA6 96 190000 PRN DEFINED 02 190000 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 2070 23042 SH DEFINED 02 5218 15164 2660
BURLINGTON NORTHN SANTA FE COM 12189T104 22 244 SH DEFINED 03 244 0 0
BURLINGTON RES INC COM 122014103 404 9176 SH DEFINED 02 0 8846 330
BURMAH CASTROL PLC COM 122169303 3070 89009 SH DEFINED 02 12250 36105 40654
CCC INFORMATION SVCS GROUP INC COM 12487Q109 1133 58107 SH DEFINED 02 58107 0 0
CIGNA CORP COM 125509109 912 5141 SH DEFINED 02 324 164 4653
CPC INTL INC COM 126149103 20537 222478 SH DEFINED 02 100233 82222 40023
CPC INTL INC COM 126149103 145 1575 SH DEFINED 03 1575 0 0
CSX CORP COM 126408103 4084 73600 SH DEFINED 02 24620 31196 17784
CSX CORP COM 126408103 44 800 SH DEFINED 03 800 0 0
CVS CORPORATION DELAWARE COM 126650100 1100 21482 SH DEFINED 02 0 21482 0
CABLE & WIRELESS PUB LTD CO COM 126830207 212 7600 SH DEFINED 02 7000 400 200
CAMBRIDGE NEUROSCIENCE INC COM 132426107 41 10000 SH DEFINED 02 10000 0 0
CAMPBELL SOUP CO COM 134429109 893 17866 SH DEFINED 02 7000 600 10266
CANADIAN IMPERIAL BK COMM COM 13606QTP8 0 1000000 SH DEFINED 02 1000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QUU5 0 7000000 SH DEFINED 02 7000000 0 0
CANADIAN IMPERIAL BK COMM COM 13606QVW0 0 5000000 SH DEFINED 02 5000000 0 0
CANADIAN IMPERIAL BK COMM COM 13606QVX8 0 5000000 SH DEFINED 02 5000000 0 0
CANADIAN IMPERIAL BK COMM COM 13606QVW0 0 1000000 SH DEFINED 02 1000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QWF6 0 10000000 SH DEFINED 02 0 0 0
CAPITAL EXCHANGE FD INC COM 140105107 518 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 1887 49992 SH DEFINED 02 28649 9510 11833
CAPITAL ONE FINL CORP COM 14040H105 34 900 SH DEFINED 03 900 0 0
CAROLINA PWR & LT CO COM 144141108 647 18054 SH DEFINED 02 4996 10188 2870
CATERPILLAR INC COM 149123101 31973 297775 SH DEFINED 02 216863 17800 63112
CATERPILLAR INC COM 149123101 150 1400 SH DEFINED 03 1400 0 0
CEDAR FAIR L P COM 150185106 218 5000 SH DEFINED 02 0 2000 3000
CENTRAL & SOUTH WEST CORP COM 152357109 557 26242 SH DEFINED 02 12344 9200 4698
CENTRAL & SOUTH WEST CORP COM 152357109 154 7256 SH DEFINED 03 7256 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 698 7201 SH DEFINED 02 1449 3131 2621
<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
CHEVRON CORP COM 166751107 42070 569000 SH DEFINED 02 326083 132125 110792
CHEVRON CORP COM 166751107 12 168 SH DEFINED 03 168 0 0
CHIEFTAIN INTL FDG CORP CPF 168672202 207 6900 PRN DEFINED 02 0 1500 5400
CHINA INDL GROUP INC COM 169396108 3 25000 SH DEFINED 02 0 25000 0
CHIRON CORP COM 170040109 439 21048 SH DEFINED 02 14100 1200 5748
CHOCK FULL O NUTS CORP SUB 170268AC0 40 40000 PRN DEFINED 02 0 40000 0
CHRYSLER CORP COM 171196108 276 8396 SH DEFINED 02 1550 2200 4646
CHUBB CORP COM 171232101 52228 780989 SH DEFINED 02 469679 126425 184885
CHUBB CORP COM 171232101 308 4605 SH DEFINED 03 4605 0 0
CISCO SYS INC COM 17275R102 7650 113970 SH DEFINED 02 43550 35445 34975
CISCO SYS INC COM 17275R102 5 75 SH DEFINED 03 75 0 0
CITICORP COM 173034109 2559 21233 SH DEFINED 02 12785 7648 800
CITICORP COM 173034109 48 400 SH DEFINED 03 400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 702 11424 SH DEFINED 02 0 10492 932
COCA COLA CO COM 191216100 105362 1549451 SH DEFINED 02 663269 653967 232215
COCA COLA CO COM 191216100 534 7865 SH DEFINED 03 7565 0 300
COGNIZANT CORPORATION COM 192441103 16000 395085 SH DEFINED 02 338515 47418 9152
COLGATE PALMOLIVE CO COM 194162103 12126 185842 SH DEFINED 02 101055 49469 35318
COLGATE PALMOLIVE CO COM 194162103 523 8015 SH DEFINED 03 7515 0 500
COLUMBIA / HCA HEALTHCARE COM 197677107 1016 25858 SH DEFINED 02 721 25137 0
COLUMBIA REAL ESTATE INVTS INC COM 198300105 139 13400 SH DEFINED 02 8300 0 5100
COMCAST CORP COM 200300101 234 11200 SH DEFINED 02 0 10700 500
COMERICA INC COM 200340107 835 12280 SH DEFINED 02 5400 1048 5832
COMPASS CAP FDS COM 20449U506 654 33790 SH DEFINED 02 33790 0 0
COMPAQ COMPUTER CORP COM 204493100 245 2472 SH DEFINED 02 750 1000 722
COMPUTER DATA SYS COM 205017106 585 20000 SH DEFINED 02 0 20000 0
CONCORD EFS INC COM 206197105 1042 40295 SH DEFINED 02 0 38270 2025
CONSECO INC COM 208464107 1033 27924 SH DEFINED 02 12000 3168 12756
CONSOLIDATED EDISON CO N Y INC COM 209111103 215 7329 SH DEFINED 02 3972 1497 1860
CONSOLIDATED EDISON CO N Y INC COM 209111103 13 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 43 40000 PRN DEFINED 02 30000 10000 0
CONSOLIDATED NAT GAS CO COM 209615103 5082 94456 SH DEFINED 02 38810 42306 13340
CONSOLIDATED NAT GAS CO COM 209615103 28 520 SH DEFINED 03 520 0 0
COOPER INDS INC COM 216669101 12045 242128 SH DEFINED 02 146023 65422 30683
COORS ADOLPH CO COM 217016104 205 7700 SH DEFINED 02 0 6000 1700
CORESTATES BANK N A COM 2186X6BH7 0 6000000 SH DEFINED 02 6000000 0 0
CORESTATES BK NA PHILADELPHIA COM 2186X6BV6 0 8000000 SH DEFINED 02 8000000 0 0
CORESTATES FINL CORP COM 218695104 76223 1418107 SH DEFINED 02 774664 380717 262726
CORESTATES FINL CORP COM 218695104 568 10575 SH DEFINED 03 10275 0 300
CORNING DEL L P CPF 219319209 5185 59600 PRN DEFINED 02 48150 1000 10450
CORNING DEL L P CPF 219319209 252 2900 PRN DEFINED 03 2900 0 0
CORNING INC COM 219350105 58964 1060037 SH DEFINED 02 610227 213564 236246
CORNING INC COM 219350105 879 15805 SH DEFINED 03 15005 0 800
CORPORATE EXPRESS INC SUB 219888AC8 22 25000 PRN DEFINED 02 0 25000 0
COVANCE INC COM 222816100 4692 242961 SH DEFINED 02 185672 33705 23584
COX COMMUNICATIONS INC NEW COM 224044107 1655 68990 SH DEFINED 02 30080 23393 15517
CRESTAR FINL CORP COM 226091106 1598 41126 SH DEFINED 02 5706 15924 19496
CRESTAR FINL CORP COM 226091106 23 600 SH DEFINED 03 600 0 0
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 4480 181932 SH DEFINED 02 117449 24435 40048
<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
DPL INC COM 233293109 115 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 4169 187397 SH DEFINED 02 96097 56600 34700
DSC COMMUNICATIONS COM 233311109 62 2800 SH DEFINED 03 2800 0 0
DANA CORP COM 235811106 4942 130059 SH DEFINED 02 61216 20710 48133
DAVIS N Y VENTURE FD INC COM 239080104 3380 162362 SH DEFINED 02 0 162362 0
DAVIS N Y VENTURE FD INC COM 239080401 7031 334809 SH DEFINED 02 0 0 334809
DAVIS SER INC COM 239103500 480 21805 SH DEFINED 02 0 0 21805
DEERE & CO COM 244199105 18386 335068 SH DEFINED 02 167886 78262 88920
DEERE & CO COM 244199105 11 200 SH DEFINED 03 200 0 0
DELMARVA PWR & LT CO COM 247109101 788 41387 SH DEFINED 02 8004 27100 6283
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
DELTA AIR LINES INC DEL COM 247361108 4568 55290 SH DEFINED 02 41248 8904 5138
DELTA AIR LINES INC DEL COM 247361108 33 400 SH DEFINED 03 400 0 0
DELTIC TIMBER CORP COM 247850100 1382 47158 SH DEFINED 02 38661 5637 2860
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 241 10000 SH DEFINED 02 0 0 10000
DEVRY INC DEL COM 251893103 297 11000 SH DEFINED 02 0 1000 10000
DIGI INTL INC COM 253798102 110 10900 SH DEFINED 02 0 9900 1000
DIGITAL EQUIP CORP COM 253849103 4075 114994 SH DEFINED 02 80352 23092 11550
DIONEX CORP COM 254546104 256 5000 SH DEFINED 02 200 4000 800
DISNEY WALT CO COM 254687106 11852 147699 SH DEFINED 02 46151 54908 46640
DISNEY WALT CO COM 254687106 110 1376 SH DEFINED 03 1376 0 0
DOMINION RES INC VA COM 257470104 686 18744 SH DEFINED 02 8910 7580 2254
DOMINION RES INC VA COM 257470104 338 9235 SH DEFINED 03 9235 0 0
DONALDSON INC COM 257651109 607 15989 SH DEFINED 02 1618 600 13771
DONNELLEY R R & SONS CO COM 257867101 4024 109876 SH DEFINED 02 73400 23376 13100
DOVER CORP COM 260003108 16659 270337 SH DEFINED 02 126921 73616 69800
DOVER CORP COM 260003108 187 3030 SH DEFINED 03 3030 0 0
DOW CHEM CO COM 260543103 25973 298981 SH DEFINED 02 131474 130643 36864
DOW CHEM CO COM 260543103 52 600 SH DEFINED 03 600 0 0
DRESSER INDS INC COM 261597108 20594 552869 SH DEFINED 02 222590 204257 126022
DRESSER INDS INC COM 261597108 138 3700 SH DEFINED 03 3700 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 114221 1816640 SH DEFINED 02 941522 583168 291950
DU PONT E I DE NEMOURS & CO COM 263534109 967 15380 SH DEFINED 03 14580 0 800
DUKE ENERGY CORP COM 264399106 7778 162270 SH DEFINED 02 84085 35317 42867
DUKE ENERGY CORP COM 264399106 101 2100 SH DEFINED 03 2100 0 0
DUN & BRADSTREET CORP COM 264830100 10345 394129 SH DEFINED 02 350415 34312 9402
E M C CORP MASS SUB 268648AC6 38 35000 PRN DEFINED 02 0 35000 0
E M C CORP MASS COM 268648102 203 5225 SH DEFINED 02 0 4100 1125
EASTMAN CHEM CO COM 277432100 643 10133 SH DEFINED 02 3551 4750 1832
EASTMAN KODAK CO COM 277461109 25602 333580 SH DEFINED 02 162581 99095 71904
EASTMAN KODAK CO COM 277461109 376 4900 SH DEFINED 03 4550 0 350
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 2780 31844 SH DEFINED 02 18117 10734 2993
ELAN PLC ADR COM 284131208 334 7400 SH DEFINED 02 0 7100 300
ELECTRONIC DATA SYS CORP NEW COM 285661104 21381 519118 SH DEFINED 02 327907 75959 115252
ELECTRONIC DATA SYS CORP NEW COM 285661104 366 8890 SH DEFINED 03 8690 0 200
EMERSON ELEC CO COM 291011104 36411 661281 SH DEFINED 02 361766 145480 154035
EMERSON ELEC CO COM 291011104 107 1950 SH DEFINED 03 1950 0 0
ENRON CORP COM 293561106 18081 443043 SH DEFINED 02 228616 74462 139965
ENRON CORP COM 293561106 293 7175 SH DEFINED 03 7175 0 0
<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
EQUITABLE RES INC COM 294549100 8877 312868 SH DEFINED 02 166116 88688 58064
ERICSSON L M TEL CO COM 294821400 21918 556648 SH DEFINED 02 229870 211662 115116
ERICSSON L M TEL CO COM 294821400 10 250 SH DEFINED 03 250 0 0
EURO PAC GROWTH FD COM 298706102 1794 62000 SH DEFINED 02 62000 0 0
EXXON CORP COM 302290101 195391 3190065 SH DEFINED 02 1508151 1153994 527920
EXXON CORP COM 302290101 1198 19552 SH DEFINED 03 18852 0 700
F&M BANCORP COM 302367107 1878 67691 SH DEFINED 02 3663 39412 24616
FPL GROUP INC COM 302571104 482 10471 SH DEFINED 02 6550 1966 1955
FCNB CORP COM 302920103 565 26951 SH DEFINED 02 10700 360 15891
FASTENAL CO COM 311900104 1789 36530 SH DEFINED 02 0 32050 4480
FEDERAL HOME LN MTG CORP COM 313400301 1922 54924 SH DEFINED 02 7200 47724 0
FEDERAL NATL MTG ASSN COM 313586109 533 12235 SH DEFINED 02 800 1575 9860
FIDELITY ADVISOR SER I COM 315805101 728 14924 SH DEFINED 02 0 14924 0
FIELDCREST CANNON INC SUB 316549AB0 1128 1420000 PRN DEFINED 02 1265000 80000 75000
FIRST AMER BK CORP COM 318906104 411 9000 SH DEFINED 02 9000 0 0
FIRST BK SYS INC COM 319279105 1144 13400 SH DEFINED 02 0 13400 0
FIRST DATA CORP COM 319963104 1083 24650 SH DEFINED 02 7656 12450 4544
FIRST UN CORP COM 337358105 864 9343 SH DEFINED 02 5015 215 4113
FIRST UN CORP COM 337358105 55 600 SH DEFINED 03 600 0 0
FIRST VA BKS INC COM 337477103 230 3824 SH DEFINED 02 0 3824 0
FIRST VA BKS INC COM 337477103 83 1375 SH DEFINED 03 1375 0 0
FIRSTAR CORP NEW COM 33761C103 658 21592 SH DEFINED 02 0 0 21592
FISERV INC COM 337738108 392 8800 SH DEFINED 02 0 8350 450
FLAG INVS TEL INCOME FD INC COM 338331101 1020 56547 SH DEFINED 02 16249 40297 0
FLEETWOOD ENTERPRISES INC COM 339099103 4418 148200 SH DEFINED 02 29700 76900 41600
FLORIDA EAST COAST INDS INC COM 340632108 444 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 331 10572 SH DEFINED 02 1700 8872 0
FORD MTR CO DEL COM 345370100 600 15792 SH DEFINED 02 3428 4340 8024
FORD MTR CO DEL COM 345370100 68 1792 SH DEFINED 03 1792 0 0
FORE SYS INC COM 345449102 160 11800 SH DEFINED 02 0 11200 600
FORTUNE BRANDS INC COM 349631101 6120 164021 SH DEFINED 02 90126 42894 31001
FORTUNE BRANDS INC COM 349631101 93 2500 SH DEFINED 03 2300 0 200
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 381 12245 SH DEFINED 02 1018 5445 5782
GTE CORP COM 362320103 34390 783821 SH DEFINED 02 370585 247458 165778
GTE CORP COM 362320103 694 15824 SH DEFINED 03 15124 0 700
GALLAHER GROUP PLC COM 363595109 2809 152391 SH DEFINED 02 82996 42094 27301
GALLAHER GROUP PLC COM 363595109 46 2500 SH DEFINED 03 2300 0 200
GANNETT INC COM 364730101 16679 168906 SH DEFINED 02 91726 59636 17544
GARDNER DENVER MACHY INC COM 365558105 2098 70534 SH DEFINED 02 40 70342 152
GENERAL DYNAMICS CORP COM 369550108 390 5200 SH DEFINED 02 0 5000 200
GENERAL ELEC CO COM 369604103 271932 4183574 SH DEFINED 02 1968889 1609638 605047
GENERAL ELEC CO COM 369604103 2234 34368 SH DEFINED 03 33768 0 600
GENERAL MILLS INC COM 370334104 1710 26259 SH DEFINED 02 12713 8050 5496
GENERAL MOTORS CORP COM 370442105 8462 151796 SH DEFINED 02 89169 21537 41090
GENERAL MOTORS CORP COM 370442105 249 4474 SH DEFINED 03 4464 0 10
GENERAL RE CORP COM 370563108 43669 239944 SH DEFINED 02 155333 47374 37237
GENUINE PARTS CO COM 372460105 14292 421905 SH DEFINED 02 249381 114856 57668
GENUINE PARTS CO COM 372460105 25 748 SH DEFINED 03 748 0 0
GENZYME CORP COM 372917104 2283 82275 SH DEFINED 02 24875 13400 44000
GENZYME CORP COM 372917104 114 4100 SH DEFINED 03 3800 0 300
<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
GEORGIA PAC CORP COM 373298108 525 6157 SH DEFINED 02 1419 3262 1476
GIANT FOOD INC COM 374478105 13858 424767 SH DEFINED 02 221464 147253 56050
GIANT FOOD INC COM 374478105 5 150 SH DEFINED 03 150 0 0
GILLETTE CO COM 375766102 11348 119773 SH DEFINED 02 9182 51566 59025
GILLETTE CO COM 375766102 152 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 2271 113570 SH DEFINED 02 83679 20516 9375
GLAXO WELLCOME PLC COM 37733W105 271 6500 SH DEFINED 02 200 3000 3300
GOODYEAR TIRE & RUBR CO COM 382550101 288 4562 SH DEFINED 02 554 3198 810
GRACE W R & CO DEL COM 383911104 313 5691 SH DEFINED 02 54 5397 240
GRAINGER W W INC COM 384802104 5758 73651 SH DEFINED 02 18037 21358 34256
GRAINGER W W INC COM 384802104 186 2385 SH DEFINED 03 2135 0 250
GREAT LAKES CHEM CORP COM 390568103 563 10756 SH DEFINED 02 100 9500 1156
GREENERY REHABILITATION GROUP SUB 394797AB0 156 195000 PRN DEFINED 02 120000 0 75000
APACHE CORP CONV SUB DEB SUB 401436II3 23 20000 PRN DEFINED 02 0 20000 0
HFS INC COM 404181109 1216 20978 SH DEFINED 02 4413 10385 6180
HSB GROUP INC COM 40428N109 7137 133725 SH DEFINED 02 95425 15550 22750
HALLIBURTON CO COM 406216101 19433 245220 SH DEFINED 02 158006 33702 53512
HARSCO CORP COM 415864107 4987 123158 SH DEFINED 02 70388 33640 19130
HARTFORD FINANCIAL SVCS GRP COM 416515104 1768 21369 SH DEFINED 02 6008 7310 8051
HARTFORD FINANCIAL SVCS GRP COM 416515104 13 156 SH DEFINED 03 156 0 0
CETUS CORP SUB DEB CONV SUB 418589II0 140 145000 PRN DEFINED 02 86000 0 59000
HARVEST OFFICE BLDG INVT SUB 419990023 6250 25000 PRN DEFINED 02 25000 0 0
HEALTH CARE PPTY INVS INC COM 421915109 431 12250 SH DEFINED 02 3400 6100 2750
HEALTHDYNE INFORMATION COM 422204107 76 30000 SH DEFINED 02 0 0 30000
HEINZ H J CO COM 423074103 1765 38278 SH DEFINED 02 5856 21222 11200
HERCULES INC SUB 427056AK2 32 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 874 18263 SH DEFINED 02 6650 9825 1788
HERSHEY FOODS CORP COM 427866108 15246 275638 SH DEFINED 02 180011 44132 51495
HEWLETT PACKARD CO COM 428236103 63986 1142619 SH DEFINED 02 719036 222910 200673
HEWLETT PACKARD CO COM 428236103 580 10360 SH DEFINED 03 9760 0 600
HOME DEPOT INC SUB 437076AE2 601 525000 PRN DEFINED 02 0 0 525000
HOME DEPOT INC COM 437076102 5060 73339 SH DEFINED 02 12550 31716 29073
HOME DEPOT INC COM 437076102 138 2000 SH DEFINED 03 1850 0 150
HOMESTAKE MNG CO COM 437614100 1906 145957 SH DEFINED 02 106557 7450 31950
HONEYWELL INC COM 438506107 2876 37914 SH DEFINED 02 14116 16232 7566
HOUSEHOLD INTL CORP COM 441815107 513 4369 SH DEFINED 02 0 1969 2400
HOUSTON INDS INC COM 442161105 315 14704 SH DEFINED 02 2480 9224 3000
HOUSTON INDS INC COM 442161105 43 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 7384 167828 SH DEFINED 02 56846 41918 69064
HEALTH CARE PPTY SUB 443528II7 107 110000 PRN DEFINED 02 0 0 110000
HUMANA INC COM 444859102 208 9000 SH DEFINED 02 0 9000 0
ICN PHARMACEUTICALS INC NEW SUB 448924AA8 12 10000 PRN DEFINED 02 0 10000 0
ITT INDS INC COM 450911102 406 15805 SH DEFINED 02 5708 3560 6537
ITT INDS INC COM 450911102 4 156 SH DEFINED 03 156 0 0
ITT CORP NEW COM 450912100 1059 17355 SH DEFINED 02 5958 5360 6037
IDAHO PWR CO COM 451380109 213 6807 SH DEFINED 02 2817 3990 0
ILLINOIS TOOL WORKS INC COM 452308109 13783 276022 SH DEFINED 02 170870 36670 68482
IMATION CORP COM 45245A107 899 34262 SH DEFINED 02 8097 23269 2896
IMMUNEX CORP NEW COM 452528102 416 11500 SH DEFINED 02 0 11500 0
IMPERIAL CHEM INDS PLC COM 452704505 5309 93355 SH DEFINED 02 43796 29709 19850
<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
INCOME TR COM 45336X636 5 10000 SH DEFINED 02 0 10000 0
INGERSOLL RAND CO COM 456866102 22222 359882 SH DEFINED 02 122975 133317 103590
INGERSOLL RAND CO COM 456866102 201 3250 SH DEFINED 03 3250 0 0
INTEL CORP COM 458140100 79042 557373 SH DEFINED 02 372901 89743 94729
INTEL CORP COM 458140100 836 5895 SH DEFINED 03 5445 25 425
INTERNATIONAL BUSINESS MACHS COM 459200101 83711 927552 SH DEFINED 02 435485 325980 166087
INTERNATIONAL BUSINESS MACHS COM 459200101 303 3360 SH DEFINED 03 3360 0 0
INTERNATIONAL FLAVORS & COM 459506101 310 6154 SH DEFINED 02 0 4950 1204
INTERNATIONAL PAPER CO COM 460146103 1093 22512 SH DEFINED 02 8880 8532 5100
INVESTMENT CO AMER COM 461308108 383 13533 SH DEFINED 02 13533 0 0
IONICS INC COM 462218108 268 5900 SH DEFINED 02 3000 2900 0
JDN RLTY CORP COM 465917102 270 8650 SH DEFINED 02 0 4750 3900
JEFFERSON PILOT CORP COM 475070108 25141 359804 SH DEFINED 02 236295 42934 80575
JEFFERSON PILOT CORP COM 475070108 238 3400 SH DEFINED 03 3400 0 0
ROUSE CO SUB 475447II1 129 125000 PRN DEFINED 02 0 0 125000
JOHNSON & JOHNSON COM 478160104 118792 1845317 SH DEFINED 02 1010322 478773 356222
JOHNSON & JOHNSON COM 478160104 451 7010 SH DEFINED 03 7010 0 0
JOHNSON CTLS INC COM 478366107 2971 72362 SH DEFINED 02 32722 24066 15574
JOHNSON CTLS INC COM 478366107 129 3150 SH DEFINED 03 3150 0 0
K N ENERGY INC COM 482620101 2407 57150 SH DEFINED 02 22952 21948 12250
KAMAN CORP SUB 483548AC7 166 183000 PRN DEFINED 02 102000 0 81000
KAMAN CORP COM 483548103 1335 86847 SH DEFINED 02 82847 1000 3000
KAMAN CORP CPF 483548509 2972 48530 PRN DEFINED 02 41676 620 6234
S KANN SONS CO COM STPD COM 483996104 4744 93026 SH DEFINED 02 5280 87626 120
KELLOGG CO COM 487836108 2065 24117 SH DEFINED 02 6867 16050 1200
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 351 170000 PRN DEFINED 02 25000 0 145000
TRINOVA CORP SUB DEB CONV SUB 490433II2 51 50000 PRN DEFINED 02 50000 0 0
KEYCORP NEW COM 493267108 427 7645 SH DEFINED 02 0 2903 4742
KEYSTONE FINL INC COM 493482103 428 13705 SH DEFINED 02 0 10764 2941
KIMBERLY CLARK CORP COM 494368103 3916 78716 SH DEFINED 02 18280 39618 20818
KIMBERLY CLARK CORP COM 494368103 30 600 SH DEFINED 03 600 0 0
KOLLMORGEN CORP SUB 500440AA0 8 8000 PRN DEFINED 02 8000 0 0
KOPP GLASS INC COM 500990106 254 33950 SH DEFINED 02 33950 0 0
KRUPP INSD MTG LTD PARTNERSHIP COM 501120109 121 12500 SH DEFINED 02 12500 0 0
KRUGERRAND WHOLE SUB 501990501 5 1712 PRN DEFINED 02 323 1387 2
LEARNING TREE INTL INC COM 522015106 226 5100 SH DEFINED 02 0 2400 2700
LEGG MASON VALUE TR INC COM 524659109 255 6435 SH DEFINED 02 3412 3022 0
LEGGETT & PLATT INC COM 524660107 1032 24000 SH DEFINED 02 0 24000 0
LEGG MASON INC COM 524901105 277 5151 SH DEFINED 02 759 3592 800
LEUCADIA NATL CORP COM 527288104 1828 59100 SH DEFINED 02 0 30000 29100
LILLY ELI & CO COM 532457108 6894 63068 SH DEFINED 02 30016 25452 7600
LINCOLN NATL CORP IND COM 534187109 13309 206754 SH DEFINED 02 124849 54300 27605
LINCOLN NATL CORP IND COM 534187109 348 5400 SH DEFINED 03 4900 0 500
LINEAR TECHNOLOGY CORP COM 535678106 208 4025 SH DEFINED 02 0 3725 300
LOCKHEED MARTIN CORP COM 539830109 9620 92899 SH DEFINED 02 26948 32540 33411
LOCKHEED MARTIN CORP COM 539830109 171 1650 SH DEFINED 03 1650 0 0
LUBRIZOL CORP COM 549271104 1915 45677 SH DEFINED 02 11917 28900 4860
LUCENT TECHNOLOGIES INC COM 549463107 24922 345842 SH DEFINED 02 179978 80603 85261
LUCENT TECHNOLOGIES INC COM 549463107 233 3232 SH DEFINED 03 3103 0 129
MBIA INC COM 55262C100 580 5150 SH DEFINED 02 0 0 5150
<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
MBNA CORP COM 55262L100 288 7875 SH DEFINED 02 675 675 6525
MCI COMMUNICATIONS CORP COM 552673105 19016 496748 SH DEFINED 02 317250 90500 88998
MCI COMMUNICATIONS CORP COM 552673105 8 200 SH DEFINED 03 200 0 0
MSD&T FNDS INC VALUE EQUITY COM 553537507 29032 1516069 SH DEFINED 02 217079 5876 1293113
MSD&T FNDS INC INTL EQUITY COM 553537804 36274 2632404 SH DEFINED 02 1552895 754028 325480
M S D & T FDS INC COM 553537879 1285 67213 SH DEFINED 02 67213 0 0
MSD&T FNDS INC INTL EQUITY COM 553537804 25904 1879886 SH DEFINED 02 1080005 300205 499676
MACNEAL SCHWENDLER CORP SUB 554806AA7 20 20000 PRN DEFINED 02 0 20000 0
MAGNA GROUP INC COM 559214101 220 6339 SH DEFINED 02 5680 659 0
MANOR CARE INC COM 564054104 415 12731 SH DEFINED 02 0 1850 10881
MARK IV INDS INC COM 570387100 820 34169 SH DEFINED 02 0 34169 0
MARSH & MCLENNAN COS INC COM 571748102 28271 396096 SH DEFINED 02 242324 98270 55502
MARSH & MCLENNAN COS INC COM 571748102 18 250 SH DEFINED 03 250 0 0
MASCO CORP SUB 574599AG1 2954 2824000 PRN DEFINED 02 1862000 385000 577000
MASCO CORP COM 574599106 325 7800 SH DEFINED 02 800 7000 0
MASKWA NICKEL CHROME MINES LTD COM 574990214 1 12000 SH DEFINED 02 0 0 12000
MASON-DIXON BANCSHARES INC COM 575207105 543 25592 SH DEFINED 02 14737 4857 5998
MATRIA HEALTHCARE INC COM 576817100 116 30000 SH DEFINED 02 0 0 30000
MATTEL INC COM 577081102 603 17813 SH DEFINED 02 1293 7025 9495
MAY DEPT STORES CO COM 577778103 54038 1143679 SH DEFINED 02 471192 478544 193943
MAY DEPT STORES CO COM 577778103 201 4250 SH DEFINED 03 4050 0 250
MAYTAG CORP COM 578592107 409 15434 SH DEFINED 02 6950 4584 3900
MAYTAG CORP COM 578592107 3 100 SH DEFINED 03 100 0 0
MCCORMICK & CO INC COM 579780107 208 8512 SH DEFINED 02 8000 512 0
MCCORMICK & CO INC COM 579780206 19689 779792 SH DEFINED 02 296153 442477 41162
MCDONALDS CORP COM 580135101 3094 64060 SH DEFINED 02 19197 15100 29763
MCDONALDS CORP COM 580135101 67 1390 SH DEFINED 03 1390 0 0
MCDONNELL DOUGLAS CORP COM 580169100 287 4200 SH DEFINED 02 0 4200 0
MCGRAW HILL COS INC COM 580645109 207 3531 SH DEFINED 02 0 3331 200
MCKESSON CORP NEW COM 581557105 871 11244 SH DEFINED 02 0 11244 0
MEAD CORP COM 582834107 289 4646 SH DEFINED 02 1900 1946 800
MEDICAL CTR INS CO LTD COM 584990105 15 125000 SH DEFINED 02 125000 0 0
MEDTRONIC INC COM 585055106 1023 12400 SH DEFINED 02 100 1800 10500
MELLON BK CORP COM 585509102 290 6440 SH DEFINED 02 300 6140 0
MERCANTILE BANCORPORATION INC COM 587342106 244 4030 SH DEFINED 02 3200 830 0
MERCANTILE BANKSHARES CORP COM 587405101 78079 1951996 SH DEFINED 02 843937 775228 332831
MERCANTILE BANKSHARES CORP COM 587405101 5171 129270 SH DEFINED 03 59788 0 69482
MERCK & CO INC COM 589331107 203355 1987590 SH DEFINED 02 909301 684109 394180
MERCK & CO INC COM 589331107 710 6935 SH DEFINED 03 6485 0 450
MEREDITH CORP COM 589433101 429 14800 SH DEFINED 02 0 800 14000
MERRILL LYNCH & CO INC COM 590188108 1266 21235 SH DEFINED 02 0 20800 435
MICROSOFT CORP COM 594918104 9015 71338 SH DEFINED 02 39525 14320 17493
MICROSOFT CORP COM 594918104 6 50 SH DEFINED 03 50 0 0
MID-ATLANTIC RLTY TR COM 595232109 138 12347 SH DEFINED 02 7532 3893 922
MILLIPORE CORP COM 601073109 1012 23012 SH DEFINED 02 1600 10820 10592
MINNESOTA MNG & MFG CO COM 604059105 90718 887226 SH DEFINED 02 470750 252945 163531
MINNESOTA MNG & MFG CO COM 604059105 534 5223 SH DEFINED 03 4773 0 450
MOBIL CORP COM 607059102 53609 767226 SH DEFINED 02 429608 212650 124968
MOBIL CORP COM 607059102 323 4620 SH DEFINED 03 4620 0 0
MOLEX INC COM 608554101 293 8047 SH DEFINED 02 608 3125 4314
<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
MOLEX INC COM 608554200 715 20507 SH DEFINED 02 608 5562 14337
MONSANTO CO COM 611662107 1276 29640 SH DEFINED 02 5100 19020 5520
MONSANTO CO COM 611662107 30 700 SH DEFINED 03 700 0 0
MORGAN J P & CO INC COM 616880100 33194 318032 SH DEFINED 02 191658 52954 73420
MORGAN J P & CO INC COM 616880100 383 3670 SH DEFINED 03 3670 0 0
MORGAN GTY TR CO COM 61736FBT5 0 4000000 SH DEFINED 02 4000000 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 983 22840 SH DEFINED 02 14712 1332 6796
MORTON INTL INC NEW COM 619335102 3105 102864 SH DEFINED 02 53200 19539 30125
MOTOROLA INC SUB 620076AJ8 89 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 83685 1099311 SH DEFINED 02 597116 272976 229219
MOTOROLA INC COM 620076109 964 12665 SH DEFINED 03 11915 0 750
MURPHY OIL CORP COM 626717102 13431 275525 SH DEFINED 02 180291 33483 61751
MURPHY OIL CORP COM 626717102 63 1300 SH DEFINED 03 1300 0 0
MYLAN LABS INC COM 628530107 218 14800 SH DEFINED 02 4500 10300 0
NCR CORP NEW COM 62886E108 435 14691 SH DEFINED 02 4714 5443 4534
NAC RE CORP SUB 628907AC1 72 65000 PRN DEFINED 02 0 50000 15000
NATIONAL BK CAMBRIDGE MD COM 633058102 737 21080 SH DEFINED 02 15480 5600 0
NATIONAL CITY CORP COM 635405103 721 13741 SH DEFINED 02 8402 2586 2753
NATIONSBANK CORP COM 638585109 7670 118802 SH DEFINED 02 12958 95454 10390
NATIONSBANK CORP COM 638585109 130 2014 SH DEFINED 03 2014 0 0
NATIONWIDE HEALTH PPTYS INC COM 638620104 391 17800 SH DEFINED 02 0 14800 3000
NESTLE S A COM 641069406 27623 418148 SH DEFINED 02 201842 129189 87117
NESTLE S A COM 641069406 343 5200 SH DEFINED 03 4850 0 350
NEUBERGER & BERMAN EQUITY FDS COM 641224100 750 53413 SH DEFINED 02 53413 0 0
NEW ENGLAND ELEC SYS COM 644001109 523 14138 SH DEFINED 02 4230 7975 1933
NEWELL CO COM 651192106 6618 166497 SH DEFINED 02 27083 50964 88450
NEWPARK RES INC COM 651718504 227 6750 SH DEFINED 02 0 1900 4850
NEWPORT NEWS SHIPBUILDING INC COM 652228107 945 48644 SH DEFINED 02 24 48620 0
NEWS CORP LTD COM 652487802 3296 211000 SH DEFINED 02 93200 86150 31650
NOKIA CORP COM 654902204 519 7044 SH DEFINED 02 0 5044 2000
NORAM ENERGY CORP SUB 655419AC3 4 5000 PRN DEFINED 02 5000 0 0
NORAM ENERGY CORP COM 655419109 175 11500 SH DEFINED 02 10600 900 0
NORDSTROM INC COM 655664100 17884 364527 SH DEFINED 02 255371 18300 90856
NORDSTROM INC COM 655664100 359 7325 SH DEFINED 03 7125 0 200
NORFOLK SOUTHERN CORP COM 655844108 33845 335931 SH DEFINED 02 168306 92951 74674
NORFOLK SOUTHERN CORP COM 655844108 411 4085 SH DEFINED 03 3905 0 150
NORTHERN STS PWR CO MINN COM 665772109 1646 31825 SH DEFINED 02 10848 18617 2360
NORTHERN TR CORP COM 665859104 967 20000 SH DEFINED 02 0 9000 11000
NOVACARE INC SUB 669930AA7 1574 1675000 PRN DEFINED 02 1625000 20000 30000
NYNEX CORP COM 670768100 684 11888 SH DEFINED 02 2611 6786 2491
NYNEX CORP COM 670768100 152 2640 SH DEFINED 03 2640 0 0
OHM CORP SUB 670839AA7 19 20000 PRN DEFINED 02 20000 0 0
OLIN CORP COM 680665205 10437 267204 SH DEFINED 02 107498 151950 7756
OMNICARE INC COM 681904108 589 18800 SH DEFINED 02 0 17700 1100
OMNICOM GROUP INC COM 681919106 916 14876 SH DEFINED 02 2100 1803 10973
ORION CAP CORP COM 686268103 426 5789 SH DEFINED 02 5789 0 0
PG&E CORP COM 69331C108 283 11677 SH DEFINED 02 2000 8225 1452
PG&E CORP COM 69331C108 19 800 SH DEFINED 03 800 0 0
PNC BK CORP SUB 693475AA3 18 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 1522 36469 SH DEFINED 02 26106 6463 3900
<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
P P & L RES INC COM 693499105 245 12312 SH DEFINED 02 5607 5472 1233
PPG INDS INC COM 693506107 11158 191971 SH DEFINED 02 107042 51238 33691
PPG INDS INC COM 693506107 9 150 SH DEFINED 03 150 0 0
PACIFIC GATEWAY EXCHANGE INC COM 694327107 394 13970 SH DEFINED 02 0 13470 500
PUBLIX SUPER MARKETS INC COM 694000993 1416 65091 SH DEFINED 03 65091 0 0
PACIFICORP COM 695114108 11636 528911 SH DEFINED 02 308878 98290 121743
PACIFICORP COM 695114108 437 19890 SH DEFINED 03 18790 0 1100
PAINE WEBBER GROUP INC COM 695629105 560 16000 SH DEFINED 02 0 0 16000
PAYLESS SHOESOURCE INC COM 704379106 714 13064 SH DEFINED 02 875 8883 3306
PENNEY J C INC COM 708160106 7823 149909 SH DEFINED 02 89725 27009 33175
PENNEY J C INC COM 708160106 368 7045 SH DEFINED 03 6520 0 525
PEP BOYS MANNY MOE & JACK SUB 713278AJ8 10 19000 PRN DEFINED 02 0 0 19000
PEPSICO INC COM 713448108 45473 1210607 SH DEFINED 02 712718 275714 222175
PEPSICO INC COM 713448108 387 10300 SH DEFINED 03 9800 0 500
PERKIN ELMER CORP COM 714041100 220 2766 SH DEFINED 02 1200 1200 366
PHARMACIA & UPJOHN INC COM 716941109 301 8662 SH DEFINED 02 3185 4277 1200
PFIZER INC COM 717081103 93698 784088 SH DEFINED 02 332639 337180 114269
PFIZER INC COM 717081103 135 1130 SH DEFINED 03 1130 0 0
PHELPS DODGE CORP COM 717265102 526 6175 SH DEFINED 02 1600 2203 2372
PHILIP MORRIS COS INC COM 718154107 109897 2483561 SH DEFINED 02 1482329 719459 281773
PHILIP MORRIS COS INC COM 718154107 496 11200 SH DEFINED 03 10750 0 450
PHILLIPS PETE CO COM 718507106 345 7900 SH DEFINED 02 1600 6000 300
PIONEER HI BRED INTL INC COM 723686101 400 5000 SH DEFINED 02 3000 600 1400
PITNEY BOWES INC COM 724479100 3060 44033 SH DEFINED 02 880 12000 31153
PITNEY BOWES INC COM 724479100 7 100 SH DEFINED 03 100 0 0
PITTWAY CORP DEL COM 725790208 987 19850 SH DEFINED 02 0 8250 11600
POTASH CORP SASK INC COM 73755L107 313 4182 SH DEFINED 02 0 1082 3100
POTLATCH CORP COM 737628107 4695 103764 SH DEFINED 02 39960 36456 27348
POTLATCH CORP COM 737628107 78 1725 SH DEFINED 03 1725 0 0
POTOMAC ELEC PWR CO COM 737679100 948 41022 SH DEFINED 02 21609 12867 6546
POTOMAC ELEC PWR CO COM 737679100 64 2764 SH DEFINED 03 2764 0 0
PRAXAIR INC COM 74005P104 319 5700 SH DEFINED 02 450 1250 4000
PREMARK INTL INC COM 740459102 448 16756 SH DEFINED 02 12090 3050 1616
PREMISYS COMMUNICATIONS INC COM 740584107 165 10490 SH DEFINED 02 0 9890 600
T ROWE PRICE ASSOC INC COM 741477103 9372 181554 SH DEFINED 02 1100 168300 12154
T ROWE PRICE GROWTH STK FD COM 741479109 660 21985 SH DEFINED 02 7689 14296 0
PRIMEX TECHNOLOGIES INC COM 741597108 548 25684 SH DEFINED 02 9795 15114 775
PROCTER & GAMBLE CO COM 742718109 254113 1799033 SH DEFINED 02 986468 643216 169349
PROCTER & GAMBLE CO COM 742718109 494 3500 SH DEFINED 03 3350 0 150
PROFFITTS INC SUB 742925AA8 57 55000 PRN DEFINED 02 50000 0 5000
PROTECTIVE LIFE CORP COM 743674103 1058 21056 SH DEFINED 02 0 1656 19400
PROVIDENT BANKSHARES CORP COM 743859100 678 16293 SH DEFINED 02 3119 13174 0
PSB HOLDING CORP COM 744057100 205 5400 SH DEFINED 02 0 5400 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 215 8612 SH DEFINED 02 3512 3650 1450
PUBLIC SVC ENTERPRISE GROUP COM 744573106 75 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 479 10696 SH DEFINED 02 2260 6936 1500
QUAKER ST CORP COM 747410108 4260 279378 SH DEFINED 02 69251 87000 123127
QUALCOMM INC COM 747525103 494 9720 SH DEFINED 02 0 9320 400
QUEST DIAGNOSTICS INC COM 74834L100 1741 84702 SH DEFINED 02 58599 16521 9582
QUESTAR CORP COM 748356102 12157 301113 SH DEFINED 02 140801 97412 62900
<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
QUESTAR CORP COM 748356102 232 5750 SH DEFINED 03 5750 0 0
RBB FD INC COM 749255105 230 13140 SH DEFINED 02 0 13140 0
RPM INC OHIO COM 749685103 4099 223080 SH DEFINED 02 40200 105075 77805
RALSTON PURINA CO COM 751277302 684 8324 SH DEFINED 02 1017 2707 4600
RAYTHEON CO COM 755111101 10743 210653 SH DEFINED 02 146714 33728 30211
RAYTHEON CO COM 755111101 139 2730 SH DEFINED 03 2730 0 0
READERS DIGEST ASSN INC COM 755267101 4278 148821 SH DEFINED 02 119176 17500 12145
READERS DIGEST ASSN INC COM 755267101 29 1000 SH DEFINED 03 1000 0 0
REGAL BELOIT CORP COM 758750103 2388 91200 SH DEFINED 02 19400 38500 33300
REGAL BELOIT CORP COM 758750103 47 1800 SH DEFINED 03 1800 0 0
REGIONS FINL CORP COM 758940100 27715 876379 SH DEFINED 02 458019 212214 206146
REGIONS FINL CORP COM 758940100 417 13190 SH DEFINED 03 13190 0 0
REPUBLIC INDS INC COM 760516104 4442 179059 SH DEFINED 02 50000 0 129059
REUTERS HLDGS PLC COM 761324201 236 3748 SH DEFINED 02 2500 416 832
REYNOLDS METALS CO COM 761763101 2791 39185 SH DEFINED 02 24138 7372 7675
RESERVOIR CAP CORP SUB 761990407 1 36250 PRN DEFINED 02 0 13500 22750
ROCKWELL INTL CORP NEW COM 773903109 390 6584 SH DEFINED 02 5329 1035 220
ROHM & HAAS CO COM 775371107 620 6894 SH DEFINED 02 2808 3936 150
ROSS SYS INC COM 778303107 38 10000 SH DEFINED 02 10000 0 0
ROUSE CO COM 779273101 2770 93909 SH DEFINED 02 750 38000 55159
ROWE T PRICE CAP APPRECIATION COM 77954M105 169 10789 SH DEFINED 02 0 10789 0
T ROWE PRICE INTL FD INC COM 77956H203 1987 128750 SH DEFINED 02 115134 13063 552
T ROWE PRICE NEW HORIZONS FD COM 779562107 555 25226 SH DEFINED 02 0 23005 2221
ROYAL DUTCH PETE CO COM 780257804 3916 72028 SH DEFINED 02 24312 33284 14432
ROYCE FD COM 780905105 0 80651 SH DEFINED 02 0 80651 0
RUBBERMAID INC COM 781088109 5366 180377 SH DEFINED 02 131227 10900 38250
RUBBERMAID INC COM 781088109 190 6400 SH DEFINED 03 6400 0 0
SBC COMMUNICATIONS INC COM 78387G103 6211 100384 SH DEFINED 02 35176 49755 15453
SBC COMMUNICATIONS INC COM 78387G103 55 886 SH DEFINED 03 708 0 178
SAFETY KLEEN CORP COM 786484105 2630 155861 SH DEFINED 02 141861 11500 2500
ST JUDE MED INC COM 790849103 439 11260 SH DEFINED 02 4675 2100 4485
ST JUDE MED INC COM 790849103 87 2230 SH DEFINED 03 2230 0 0
ST MARYS CNTY MD PFD 792554FN2 1021 10000 SH DEFINED 02 0 10000 0
ST PAUL COS INC COM 792860108 366 4800 SH DEFINED 02 700 500 3600
SAN JUAN RACING ASSN INC COM 798407102 0 25000 SH DEFINED 02 0 25000 0
SANIFILL INC SUB 801018AB8 80 55000 PRN DEFINED 02 10000 0 45000
SARA LEE CORP COM 803111103 2003 48137 SH DEFINED 02 6700 31624 9813
SARA LEE CORP COM 803111103 25 600 SH DEFINED 03 600 0 0
SCANA CORP COM 805898103 445 17970 SH DEFINED 02 9660 6900 1410
SCANA CORP COM 805898103 50 2000 SH DEFINED 03 2000 0 0
SCHERING PLOUGH CORP COM 806605101 49120 1026014 SH DEFINED 02 246600 736884 42530
SCHERING PLOUGH CORP COM 806605101 10 200 SH DEFINED 03 200 0 0
SCHLUMBERGER COM 806857108 57337 458700 SH DEFINED 02 288422 104992 65286
SCHLUMBERGER COM 806857108 384 3075 SH DEFINED 03 3075 0 0
SCHULMAN A INC COM 808194104 801 32557 SH DEFINED 02 0 27511 5046
SCUDDER INTL FD INC COM 811165109 231 4283 SH DEFINED 02 4032 250 0
SEAGRAM LTD COM 811850106 261 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 1336 24871 SH DEFINED 02 13572 6333 4966
SEQUOIA FD INC COM 817418106 1314 11973 SH DEFINED 02 0 11973 0
SERVICE CORP INTL COM 817565104 802 24418 SH DEFINED 02 0 5000 19418
<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
SERVICEMASTER LTD PARTNERSHIP COM 817615107 4449 193468 SH DEFINED 02 3787 49750 139930
SHAW INDS INC COM 820286102 116 11007 SH DEFINED 02 107 10900 0
SHERWIN WILLIAMS CO COM 824348106 981 31784 SH DEFINED 02 3184 14000 14600
SIGMA ALDRICH CORP COM 826552101 308 8800 SH DEFINED 02 0 1600 7200
SIGNET BKG CORP COM 826681108 2938 81617 SH DEFINED 02 41460 27004 13153
SIGNET BKG CORP COM 826681108 25 700 SH DEFINED 03 500 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 443 14370 SH DEFINED 02 0 13470 900
SLADE INCORPORATED CUM PFD PFD 830990206 448 4485 SH DEFINED 02 0 0 4485
SLADE INCORPORATED COMMON COM 830990404 35195 44664 SH DEFINED 02 10064 0 34600
SMITHKLINE BEECHAM COM 832378301 12053 131551 SH DEFINED 02 45200 45271 41080
SMITHKLINE BEECHAM COM 832378301 46 500 SH DEFINED 03 500 0 0
SOLA INTL INC COM 834092108 486 14522 SH DEFINED 02 14522 0 0
SONAT INC COM 835415100 2360 45938 SH DEFINED 02 21160 22718 2060
SOUTHERN CO COM 842587107 540 24706 SH DEFINED 02 11754 7798 5154
SOUTHERN NEW ENGLAND COM 843485103 283 7300 SH DEFINED 02 5300 2000 0
SOUTHWEST AIRLS CO COM 844741108 15548 600914 SH DEFINED 02 466890 5850 128174
SOUTHWEST AIRLS CO COM 844741108 455 17575 SH DEFINED 03 16575 0 1000
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 80000 0 0
SOUTHWESTERN PUB SVC CO COM 845743103 352 8970 SH DEFINED 02 4377 4593 0
SPACELABS MED INC COM 846247104 554 21726 SH DEFINED 02 8456 13270 0
SPRINGS INDS INC COM 851783100 1190 22561 SH DEFINED 02 22397 164 0
SPRINT CORP COM 852061100 1348 25817 SH DEFINED 02 7646 10796 7375
SPRINT CORP COM 852061100 9 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1935 2175000 PRN DEFINED 02 1830000 0 345000
STANLEY WKS COM 854616109 4496 112415 SH DEFINED 02 43565 43900 24950
STANLEY WKS COM 854616109 32 800 SH DEFINED 03 800 0 0
STAPLES INC SUB 855030AC6 11 10000 PRN DEFINED 02 0 0 10000
STATE STREET CORP COM 857477103 905 19568 SH DEFINED 02 7000 12568 0
CHS HOLDING CORPORATION COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STRYKER CORP COM 863667101 906 26000 SH DEFINED 02 800 0 25200
STURM & DILLARD COMPANY COM 863992103 206 11 SH DEFINED 02 0 0 11
SUBURBAN BANCSHARES INC COM 864350103 36 15000 SH DEFINED 02 15000 0 0
SUNTRUST BKS INC COM 867914103 10473 190219 SH DEFINED 02 150467 20450 19302
SUSQUEHANNA BANCSHARES INC PA COM 869099101 201 5146 SH DEFINED 02 0 0 5146
SWISS BANK CORP COM 8708H6HT8 0 10000000 SH DEFINED 02 0 0 0
SWISS BANK CORP COM 8708H6HZ4 0 5000000 SH DEFINED 02 5000000 0 0
SWISS BANK CORP COM 8708H6HR2 0 1000000 SH DEFINED 02 1000000 0 0
SWISS BANK CORP COM 8708H6JF6 0 5000000 SH DEFINED 02 5000000 0 0
SWISS BANK CORP COM 8708H6LM8 0 5000000 SH DEFINED 02 5000000 0 0
SWISS BANK CORP COM 8708H6NF1 0 1000000 SH DEFINED 02 1000000 0 0
SYBRON INTL CORP - WISCONSIN COM 87114F106 430 10800 SH DEFINED 02 0 5000 5800
SYLVAN LEARNING SYS INC COM 871399101 270 7950 SH DEFINED 02 3000 1200 3750
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 394 10800 SH DEFINED 02 2400 3500 4900
SYSCO CORP COM 871829107 29 800 SH DEFINED 03 800 0 0
TECO ENERGY INC COM 872375100 324 12676 SH DEFINED 02 7308 2856 2512
TECO ENERGY INC COM 872375100 51 2000 SH DEFINED 03 2000 0 0
TRW INC COM 872649108 448 7888 SH DEFINED 02 4128 1760 2000
TAMBRANDS INC COM 875080103 8636 173166 SH DEFINED 02 84784 58957 29425
TECHNE CORP COM 878377100 477 15800 SH DEFINED 02 0 15400 400
<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
TELLABS INC COM 879664100 575 10306 SH DEFINED 02 0 9010 1296
TEMPLETON DEVELOPING MKTS TR COM 88018W104 1402 76156 SH DEFINED 02 76156 0 0
TEMPLETON FDS INC COM 880196209 541 47030 SH DEFINED 02 47030 0 0
TENET HEALTHCARE CORP SUB 88033GAD2 37 30000 PRN DEFINED 02 0 30000 0
TERADYNE INC COM 880770102 16586 419900 SH DEFINED 02 265550 54250 100100
TERADYNE INC COM 880770102 919 23275 SH DEFINED 03 21325 0 1950
TEXACO INC COM 881694103 3237 29773 SH DEFINED 02 8196 14787 6790
TEXACO INC COM 881694103 125 1150 SH DEFINED 03 1150 0 0
TEXAS INSTRUMENTS INC COM 882508104 342 4073 SH DEFINED 02 341 3600 132
TEXAS UTILS CO COM 882848104 2455 71302 SH DEFINED 02 46242 15560 9500
TEXAS UTILS CO COM 882848104 259 7525 SH DEFINED 03 7325 0 200
THERMO ELECTRON CORP SUB 883556AE2 139 85000 PRN DEFINED 02 0 60000 25000
THERMO ELECTRON CORP COM 883556102 396 11548 SH DEFINED 02 1837 5799 3912
THOMAS & BETTS CORP COM 884315102 6962 132460 SH DEFINED 02 54972 63180 14308
THOMAS & BETTS CORP COM 884315102 26 500 SH DEFINED 03 500 0 0
TIME WARNER INC COM 887315109 457 9486 SH DEFINED 02 400 7904 1182
TIMES MIRROR CO NEW COM 887364107 802 14528 SH DEFINED 02 2503 8221 3804
TIMKEN CO COM 887389104 18380 516838 SH DEFINED 02 348508 25200 143130
TIMKEN CO COM 887389104 587 16500 SH DEFINED 03 15400 0 1100
TORCHMARK CORP COM 891027104 845 11873 SH DEFINED 02 0 5423 6450
TOYS R US INC COM 892335100 1182 33790 SH DEFINED 02 29015 2025 2750
TRANSAMERICA CORP COM 893485102 267 2862 SH DEFINED 02 1462 0 1400
TRAVELERS GROUP INC COM 894190107 6017 95418 SH DEFINED 02 19151 70867 5400
TRAVELERS GROUP INC COM 894190107 38 599 SH DEFINED 03 599 0 0
TRIBUNE CO COM 896047107 462 9632 SH DEFINED 02 0 0 9632
TUPPERWARE CORP COM 899896104 2562 70676 SH DEFINED 02 38246 18500 13930
TYCO INTL LTD COM 902120104 1322 19008 SH DEFINED 02 0 800 18208
UAM ICM SMALL CO PORTFOLIO COM 902555762 240 9784 SH DEFINED 02 0 9784 0
USX-MARATHON GROUP NEW COM 902905827 929 32185 SH DEFINED 02 28197 3241 747
USX-MARATHON GROUP NEW COM 902905827 11 390 SH DEFINED 03 390 0 0
UNUM CORP COM 903192102 7029 166374 SH DEFINED 02 114874 27500 24000
USF&G CORP COM 903290104 3392 141345 SH DEFINED 02 118784 13510 9051
UNILEVER N V COM 904784501 12641 57990 SH DEFINED 02 17248 22097 18645
UNION CAMP CORP COM 905530101 22054 441094 SH DEFINED 02 304861 56320 79913
UNION CAMP CORP COM 905530101 286 5750 SH DEFINED 03 5450 0 300
UNION NATL BANCORP INC COM 907103105 490 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 14264 204322 SH DEFINED 02 81991 91105 31226
UNION PAC RES GROUP INC COM 907834105 3626 145776 SH DEFINED 02 51057 69707 25012
UNITED DOMINION RLTY TR INC COM 910197102 169 11949 SH DEFINED 02 0 2083 9866
UNITED PARACALE MNG CO COM 911990307 0 25834 SH DEFINED 02 25834 0 0
U S WEST INC COM 912889102 539 14320 SH DEFINED 02 5171 7535 1614
U S WEST INC COM 912889102 13 352 SH DEFINED 03 352 0 0
U S WEST INC COM 912889201 244 12068 SH DEFINED 02 2446 7163 2459
U S WEST INC COM 912889201 7 352 SH DEFINED 03 352 0 0
UNITED TECHNOLOGIES CORP COM 913017109 32396 390319 SH DEFINED 02 229589 100938 59792
UNIVERSAL CORP VA COM 913456109 720 22700 SH DEFINED 02 0 21800 900
UNIVERSAL FOODS CORP COM 913538104 8034 210735 SH DEFINED 02 149400 3300 58035
UNIVERSAL FOODS CORP COM 913538104 162 4240 SH DEFINED 03 4240 0 0
UNOCAL CORP COM 915289102 226 5811 SH DEFINED 02 2539 2972 300
V F CORP COM 918204108 8021 94644 SH DEFINED 02 59494 16560 18590
<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
V F CORP COM 918204108 76 900 SH DEFINED 03 900 0 0
VANCE SANDERS EXCH FD COM 921902102 2202 4319 SH DEFINED 02 0 4319 0
VANGUARD SPECIALIZED COM 921908703 1747 134399 SH DEFINED 02 0 87712 46686
VANGUARD / WELLINGTON FD INC COM 921935102 260 8970 SH DEFINED 02 93 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 256 13563 SH DEFINED 02 2895 10668 0
VASTAR RES INC COM 922380100 245 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 414 5011 SH DEFINED 02 443 0 4567
WACHOVIA CORP NEW COM 929771103 9988 171297 SH DEFINED 02 60138 68204 42955
WACHOVIA CORP NEW COM 929771103 138 2370 SH DEFINED 03 2370 0 0
WAL MART STORES INC COM 931142103 18301 541255 SH DEFINED 02 268215 155400 117640
WAL MART STORES INC COM 931142103 191 5650 SH DEFINED 03 5450 0 200
WALGREEN CO COM 931422109 832 15516 SH DEFINED 02 2000 4700 8816
WARNER LAMBERT CO COM 934488107 50924 409856 SH DEFINED 02 242636 65194 102026
WARNER LAMBERT CO COM 934488107 50 400 SH DEFINED 03 400 0 0
WASHINGTON GAS LT CO COM 938837101 524 20868 SH DEFINED 02 11116 8244 1508
WASHINGTON GAS LT CO COM 938837101 80 3200 SH DEFINED 03 3200 0 0
WASHINGTON GAS LT CO COM 938837101 17 692 SH DEFINED 01 692 0 0
WASHINGTON MUT INVS FD INC COM 939330106 1432 49986 SH DEFINED 02 27273 17502 5210
WASHINGTON POST CO COM 939640108 21168 52657 SH DEFINED 02 14607 5076 32974
WASTE MGMT INC NEW COM 94106K101 732 22808 SH DEFINED 02 2800 5900 14108
WATERS CORP COM 941848103 333 9305 SH DEFINED 02 9155 0 150
WELLS FARGO & CO COM 949740104 336 1250 SH DEFINED 02 0 1250 0
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 1000 50000 SH DEFINED 02 0 50000 0
WESTINGHOUSE ELEC CORP COM 960402105 313 13551 SH DEFINED 02 6228 3656 3667
WESTINGHOUSE ELEC CORP COM 960402105 46 2000 SH DEFINED 03 2000 0 0
WESTLAND GARDENS CO COM 960990208 250 75 SH DEFINED 02 0 0 75
WESTVACO CORP COM 961548104 21671 689352 SH DEFINED 02 468614 99257 121481
WESTVACO CORP COM 961548104 204 6495 SH DEFINED 03 6495 0 0
WEYERHAEUSER CO COM 962166104 507 9751 SH DEFINED 02 1301 8450 0
WHIRLPOOL CORP COM 963320106 4094 75042 SH DEFINED 02 7300 42242 25500
WHITTAKER CORPORATION NEW COM 966680407 333 30000 SH DEFINED 02 0 30000 0
WINN DIXIE STORES INC COM 974280109 425 11436 SH DEFINED 02 7200 0 4236
WISCONSIN ENERGY CORP COM 976657106 12807 514892 SH DEFINED 02 325990 75080 113822
WISCONSIN ENERGY CORP COM 976657106 197 7910 SH DEFINED 03 7910 0 0
WITCO CORP COM 977385103 28746 757733 SH DEFINED 02 406356 190187 161190
WITCO CORP COM 977385103 32 850 SH DEFINED 03 850 0 0
WORTHINGTON INDS INC COM 981811102 17603 961291 SH DEFINED 02 563641 176300 221350
WORTHINGTON INDS INC COM 981811102 163 8900 SH DEFINED 03 8900 0 0
WRIGLEY WM JR CO COM 982526105 399 5970 SH DEFINED 02 1650 3120 1200
XEROX CORP COM 984121103 1905 24155 SH DEFINED 02 5303 15402 3450
REPORT SUMMARY 740 DATA RECORDS 5308506 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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