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<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/96
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:
ALAN D. YARBRO GENERAL COUNSEL & SECRETARY 410-237-5204
Signature, Place and Date of Signing:
/s/ ALAN D. YARBRO BALTIMORE MD 02/04/97
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 696 32982 SH DEFINED 02 11654 15728 5600
AT&T CORP COM 001957109 32291 744463 SH DEFINED 02 410508 149837 184118
AT&T CORP COM 001957109 596 13745 SH DEFINED 03 13095 0 650
ABB AB COM 00256Q103 8277 74070 SH DEFINED 02 30241 29264 14565
ABB AB COM 00256Q103 28 250 SH DEFINED 03 250 0 0
ABBOTT LABS COM 002824100 9675 190650 SH DEFINED 02 39253 88207 63190
ABBOTT LABS COM 002824100 342 6730 SH DEFINED 03 6730 0 0
ACNIELSON CORPORATION W/I COM 004833109 2922 191625 SH DEFINED 02 172240 14991 4394
ACNIELSON CORPORATION W/I COM 004833109 7 459 SH DEFINED 03 443 0 16
ADVANCED TECHNOLOGY LABS INC COM 00755N106 444 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 INC COM 008117103 901 11270 SH DEFINED 02 4004 4450 2816
AHMANSON H F & CO COM 008677106 3864 118916 SH DEFINED 02 106816 3100 9000
AHMANSON H F & CO COM 008677106 300 9230 SH DEFINED 03 5830 0 400
AIR PRODS & CHEMS INC COM 009158106 29494 426687 SH DEFINED 02 259872 86052 80763
AIR PRODS & CHEMS INC COM 009158106 278 4015 SH DEFINED 03 4015 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 8498 336570 SH DEFINED 02 150149 107729 78692
AIRTOUCH COMMUNICATIONS INC COM 00949T100 16 636 SH DEFINED 03 556 0 80
AIRTOUCH COMMUNICATIONS CPF 00949T209 10681 391964 PRN DEFINED 02 277864 17850 96250
AIRTOUCH COMMUNICATIONS CPF 00949T209 628 23050 PRN DEFINED 03 22350 0 700
ALBAN CO PFD 012997110 0 281523 SH DEFINED 02 281523 0 0
ALBAN CO COM 012997102 0 12500 SH DEFINED 02 12500 0 0
ALBERTSON'S INC COM 013104104 228 6400 SH DEFINED 02 0 6400 0
ALCO STD CORP COM 013788104 1944 37659 SH DEFINED 02 400 9558 27701
ALEX BROWN INC COM 013902101 621 8572 SH DEFINED 02 407 8165 0
ALLEGHENY PWR SYS INC COM 017411109 478 15746 SH DEFINED 02 5350 9796 600
ALLERGAN INC COM 018490102 314 8834 SH DEFINED 02 3484 4350 1000
ALLIANCE FD COM 01859K105 86 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 1196 17858 SH DEFINED 02 6068 7792 3998
ALLIED SIGNAL INC COM 019512102 20 300 SH DEFINED 03 300 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 328 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 2650 45791 SH DEFINED 02 18739 20143 6909
ALLTRISTA CORP COM 020040101 491 19100 SH DEFINED 02 0 19100 0
ALTERA CORP COM 021441100 250 3450 SH DEFINED 02 0 3250 200
ALUMINUM CO AMER COM 022249106 5336 83704 SH DEFINED 02 40243 34400 9061
ALZA CORP SUB 022615AD0 504 515000 PRN DEFINED 02 10000 65000 440000
AMERADA HESS CORP COM 023551104 742 12821 SH DEFINED 02 1189 11632 0
AMERICAN ASIATIC OIL CORP COM 023879109 0 200000 SH DEFINED 02 0 90000 110000
AMERICAN BRANDS INC COM 024703100 7702 155222 SH DEFINED 02 86201 39494 29527
AMERICAN BRANDS INC COM 024703100 275 5550 SH DEFINED 03 5050 0 500
AMERICAN ELEC PWR INC COM 025537101 595 14487 SH DEFINED 02 3972 7132 3383
AMERICAN EXPRESS CO COM 025816109 3995 70715 SH DEFINED 02 30746 28867 11102
AMERICAN GENERAL CORP COM 026351106 11404 279008 SH DEFINED 02 121597 138855 18556
AMERICAN HOME PRODS CORP COM 026609107 98579 1681534 SH DEFINED 02 836223 534429 310882
AMERICAN HOME PRODS CORP COM 026609107 445 7600 SH DEFINED 03 7400 0 200
AMERICAN INTL GROUP INC COM 026874107 13329 123138 SH DEFINED 02 46444 46674 30020
AMERICAN INTL GROUP INC COM 026874107 305 2825 SH DEFINED 03 2475 0 350
AMERICAN MED RESPONSE INC SUB 027446AA1 200 190000 PRN DEFINED 02 0 10000 180000
AMERITECH CORP NEW COM 030954101 25619 422589 SH DEFINED 02 242538 108919 71132
<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 109 1796 SH DEFINED 03 1676 0 120
AMGEN INC COM 031162100 2641 48582 SH DEFINED 02 28425 6200 13957
AMGEN INC COM 031162100 27 500 SH DEFINED 03 500 0 0
AMP INC COM 031897101 28053 731027 SH DEFINED 02 340121 238121 152785
AMP INC COM 031897101 221 5750 SH DEFINED 03 5450 0 300
AMOCO CORP COM 031905102 61359 761049 SH DEFINED 02 398368 215936 146745
AMOCO CORP COM 031905102 576 7144 SH DEFINED 03 5544 0 1600
AMSOUTH BANCORPORATION COM 032165102 658 13605 SH DEFINED 02 0 5062 8543
ANADIGICS INC COM 032515108 338 8625 SH DEFINED 02 0 8325 300
ANALYSTS INTL CORP COM 032681108 201 7150 SH DEFINED 02 0 7150 0
ANHEUSER BUSCH COS INC COM 035229103 749 18744 SH DEFINED 02 700 12336 5708
AON CORP COM 037389103 581 9354 SH DEFINED 02 566 8788 0
AON CORP COM 037389103 9 150 SH DEFINED 03 150 0 0
APACHE CORP COM 037411105 1598 45517 SH DEFINED 02 4050 16967 24500
APACHE CORP COM 037411105 291 8290 SH DEFINED 03 7440 0 850
APPLE COMPUTER INC COM 037833100 248 11920 SH DEFINED 02 5780 3800 2340
APTARGROUP INC COM 038336103 218 6200 SH DEFINED 02 0 0 6200
ARCHER DANIELS MIDLAND CO COM 039483102 599 27266 SH DEFINED 02 900 23209 3157
GUINNESS PLC ORD GBP 0.25 COM 039600002 93 12000 SH DEFINED 02 0 12000 0
ASHLAND COAL INC COM 043906106 1487 53612 SH DEFINED 02 51612 1500 500
ATLANTIC RICHFIELD CO COM 048825103 42969 324296 SH DEFINED 02 180949 91156 52191
ATLANTIC RICHFIELD CO COM 048825103 772 5825 SH DEFINED 03 5523 0 300
ATMEL CORP COM 049513104 222 6720 SH DEFINED 02 0 6320 400
AURA SYS INC COM 051526101 54 25002 SH DEFINED 02 20000 0 5002
AUTODESK INC COM 052769106 11220 400732 SH DEFINED 02 241922 52850 105960
AUTODESK INC COM 052769106 287 8490 SH DEFINED 03 7850 0 600
AVERY DENNISON CORP COM 053611109 675 19091 SH DEFINED 02 6939 6552 5600
AVNET INC COM 053807103 4792 82272 SH DEFINED 02 48700 9882 23690
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 394 6914 SH DEFINED 02 890 292 5732
BAKER HUGHES INC COM 057224107 224 6521 SH DEFINED 02 3025 2076 1420
BALTIMORE CEMETERY COMPANY COM 058991100 1755 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 20582 769454 SH DEFINED 02 295499 291470 182485
BALTIMORE GAS & ELEC CO COM 059165100 40 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 339 7886 SH DEFINED 02 1584 5312 990
BANK NEW YORK INC COM 064057102 311 9232 SH DEFINED 02 0 6232 3000
BANKAMERICA CORP COM 066050105 328 3296 SH DEFINED 02 830 2255 211
BARD C R INC COM 067383109 473 16905 SH DEFINED 02 16405 500 0
BARNETT BKS INC COM 068055102 7893 191936 SH DEFINED 02 107022 48480 36434
BARNETT BKS INC COM 068055102 99 2398 SH DEFINED 03 2398 0 0
BAXTER INTL INC COM 071813109 1873 45684 SH DEFINED 02 18471 16430 10783
BAY NETWORKS INC COM 072510100 212 10098 SH DEFINED 02 0 10098 0
BEARINGS INC NEW COM 074005208 2770 99385 SH DEFINED 02 73444 19466 6475
BECKMAN INSTRS INC COM 075816108 1121 29232 SH DEFINED 02 15344 9284 4604
BECKMAN INSTRS INC COM 075816108 33 2170 SH DEFINED 03 2170 0 0
BECTON DICKINSON & CO COM 075887109 1348 31100 SH DEFINED 02 9500 18400 3200
BELL ATLANTIC CORP COM 077853109 18523 286075 SH DEFINED 02 161190 77680 47205
BELL ATLANTIC CORP COM 077853109 771 2637 SH DEFINED 03 2637 0 0
BELLSOUTH CORP COM 079860102 40932 1010691 SH DEFINED 02 577032 213329 220330
BELLSOUTH CORP COM 079860102 654 16154 SH DEFINED 03 15604 0 550
<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
BENCHMARK ELECTRS INC COM 08160H101 341 11350 SH DEFINED 02 0 10950 400
BENEFICIAL CORP COM 081721102 1222 19291 SH DEFINED 02 13089 4602 1600
BERKSHIRE HATHAWAY INC DEL COM 084670108 82317 2414 SH DEFINED 02 1 2413 0
BETZDEARBORN INC COM 087779104 257 4400 SH DEFINED 02 0 1400 3000
BEVERLY ENTERPRISES INC SUB 087851AB7 39 40000 PRN DEFINED 02 25000 0 15000
BIOWHITTAKER INC COM 09066T108 167 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 608 20213 SH DEFINED 02 1893 9841 8479
BLOUNT INTL INC COM 095177101 571 14900 SH DEFINED 02 0 14900 0
BOEING CO COM 097023105 12146 114054 SH DEFINED 02 78207 22239 13607
BOEING CO COM 097023105 282 2655 SH DEFINED 03 2255 0 400
BOISE CASCADE CORP COM 097383103 241 7591 SH DEFINED 02 0 7500 91
BOSTON METALS COMPANY NON-VTG COM 100990100 2288 73815 SH DEFINED 02 0 73815 0
CHARLES T. BRANDT INC COM 104995105 454 70 SH DEFINED 02 0 70 0
BRANDYWINE FD INC COM 10532D107 1377 40882 SH DEFINED 02 0 40882 0
BRISTOL MYERS SQUIBB CO COM 110122108 137656 1262905 SH DEFINED 02 639487 178044 445374
BRISTOL MYERS SQUIBB CO COM 110122108 164 1500 SH DEFINED 03 1500 0 0
BRITISH PETE LTD COM 110889409 11943 84478 SH DEFINED 02 61843 9204 13431
BROOKLYN UN GAS CO COM 114259104 11146 370010 SH DEFINED 02 250474 65451 54085
BROOKLYN UN GAS CO COM 114259104 193 6400 SH DEFINED 03 6400 0 0
BROWN & SHARPE MFG CO SUB 115223AA7 4 4000 PRN DEFINED 02 4000 0 0
BROWNING FERRIS INDS INC COM 115885105 1993 75927 SH DEFINED 02 71133 1250 3544
BROWNING FERRIS INDS INC COM 115885105 47 1800 SH DEFINED 03 1800 0 0
BUILDERS TRANS INC SUB 120084AA6 114 190000 PRN DEFINED 02 190000 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 1808 20943 SH DEFINED 02 4882 15449 612
BURLINGTON NORTHN SANTA FE COM 12189T104 21 244 SH DEFINED 03 244 0 0
BURLINGTON RES INC COM 122014103 538 10683 SH DEFINED 02 500 9468 715
BURMAH CASTROL PLC COM 122169303 1086 29171 SH DEFINED 02 3850 18492 6829
CIGNA CORP COM 125509109 1276 9341 SH DEFINED 02 4124 564 4653
CPC INTL INC COM 126149103 14283 184298 SH DEFINED 02 66201 81384 36713
CSX CORP COM 126408103 3220 76233 SH DEFINED 02 29829 28104 18300
CSX CORP COM 126408103 34 800 SH DEFINED 03 800 0 0
CVS CORPORATION DELAWARE COM 126650100 413 10000 SH DEFINED 02 0 10000 0
CALIBER SYS INC COM 129894101 288 15000 SH DEFINED 02 15000 0 0
CAMBRIDGE NEUROSCIENCE INC COM 132426107 118 10000 SH DEFINED 02 0 10000 0
CAMPBELL SOUP CO COM 134429109 571 7122 SH DEFINED 02 3000 0 4122
CANADIAN IMPERIAL BK COMM NY COM 13606QCV3 0 1000000 SH DEFINED 02 1000000 0 0
CAPITAL EXCHANGE FD INC COM 140105107 437 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 1945 54029 SH DEFINED 02 33449 9510 11070
CAPITAL ONE FINL CORP COM 14040H105 72 2000 SH DEFINED 03 2000 0 0
CAROLINA PWR & LT CO COM 144141108 557 15280 SH DEFINED 02 4916 8494 1870
CATERPILLAR INC COM 149123101 21573 286695 SH DEFINED 02 206163 18302 62230
CATERPILLAR INC COM 149123101 105 1400 SH DEFINED 03 1400 0 0
CENTRAL & SOUTH WEST CORP COM 152357109 717 27991 SH DEFINED 02 12834 9400 5757
CENTRAL & SOUTH WEST CORP COM 152357109 186 7256 SH DEFINED 03 7256 0 0
CENTRAL FID BKS INC COM 153469101 725 28156 SH DEFINED 03 28156 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 486 5448 SH DEFINED 02 1215 3012 1221
CHEVRON CORP COM 166751107 36894 567602 SH DEFINED 02 320517 131427 115658
CHEVRON CORP COM 166751107 11 168 SH DEFINED 03 168 0 0
CHIEFTAIN INTL FDG CORP CPF 168672202 225 6900 PRN DEFINED 02 0 1500 5400
CHINA INDL GROUP INC COM 169396108 1 25000 SH DEFINED 02 0 25000 0
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CHOCK FULL O NUTS CORP SUB 170268AC0 33 40000 PRN DEFINED 02 0 40000 0
CHOICE HOTELS HLDGS INC COM 170380109 202 11515 SH DEFINED 02 200 1650 9665
CHUBB CORP COM 171232101 41652 774925 SH DEFINED 02 474437 122798 177690
CHUBB CORP COM 171232101 264 4905 SH DEFINED 03 4905 0 0
CISCO SYS INC COM 17275R102 2369 37240 SH DEFINED 02 13100 6520 17620
CITICORP COM 173034109 1650 16020 SH DEFINED 02 7272 4108 4640
CITICORP COM 173034109 41 400 SH DEFINED 03 400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 336 9324 SH DEFINED 02 0 8392 932
COCA COLA CO COM 191216100 82667 1570873 SH DEFINED 02 698922 639944 232007
COCA COLA CO COM 191216100 394 7490 SH DEFINED 03 7190 0 300
COGNIZANT CORPORATION COM 192441103 19139 579981 SH DEFINED 02 517923 46168 15890
COGNIZANT CORPORATION COM 192441103 46 1390 SH DEFINED 03 7190 0 300
COLGATE PALMOLIVE CO COM 194162103 7590 82285 SH DEFINED 02 44590 23347 14348
COLGATE PALMOLIVE CO COM 194162103 251 2720 SH DEFINED 03 2470 0 250
COLUMBIA / HCA HEALTHCARE COM 197677107 1624 39861 SH DEFINED 02 3721 29615 6525
COMERICA INC COM 200340107 541 10332 SH DEFINED 02 4500 0 5832
COMPAQ COMPUTER CORP COM 204493100 235 3161 SH DEFINED 02 750 2000 411
COMPUTER DATA SYS COM 205017106 605 20000 SH DEFINED 02 0 20000 0
CONCORD EFS INC COM 206197105 1064 37695 SH DEFINED 02 0 35670 2025
CONRAIL INC COM 208368100 1235 12402 SH DEFINED 02 689 10833 880
CONSECO INC COM 208464107 890 13965 SH DEFINED 02 6000 1584 6380
CONSOLIDATED EDISON CO N Y INC COM 209111103 249 8569 SH DEFINED 02 5212 1497 1860
CONSOLIDATED EDISON CO N Y INC COM 209111103 13 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 85 80000 PRN DEFINED 02 70000 10000 0
CONSOLIDATED NAT GAS CO COM 209615103 5378 97341 SH DEFINED 02 44545 40306 12490
CONSOLIDATED NAT GAS CO COM 209615103 29 520 SH DEFINED 03 520 0 0
COOPER INDS INC SUB 216669AC5 6362 6002500 PRN DEFINED 02 4591000 1113500 298000
COOPER INDS INC COM 216669101 4228 100371 SH DEFINED 02 43114 36838 20419
COORS ADOLPH CO COM 217016104 355 18700 SH DEFINED 02 0 16000 2700
CORESTATES FINL CORP COM 218695104 74409 1434405 SH DEFINED 02 781438 387312 265655
CORESTATES FINL CORP COM 218695104 520 10025 SH DEFINED 03 9725 0 300
CORNING DEL L P CPF 219319209 4087 64250 PRN DEFINED 02 46850 650 16750
CORNING DEL L P CPF 219319209 184 2900 PRN DEFINED 03 2900 0 0
CORNING INC COM 219350105 40034 865600 SH DEFINED 02 477373 206189 182038
CORNING INC COM 219350105 517 11175 SH DEFINED 03 10375 0 800
CORPORATE EXPRESS INC SUB 219888AC8 23 25000 PRN DEFINED 02 0 25000 0
COX COMMUNICATIONS INC NEW COM 224044107 1307 56551 SH DEFINED 02 16017 23672 16862
CRESTAR FINL CORP COM 226091106 1522 20476 SH DEFINED 02 1731 8997 9748
CRESTAR FINL CORP COM 226091106 42 560 SH DEFINED 03 560 0 0
CROWN CORK & SEAL INC COM 228255105 205 3773 SH DEFINED 02 223 2800 750
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 6076 250584 SH DEFINED 02 173509 20250 56825
DPL INC COM 233293109 113 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 3128 175022 SH DEFINED 02 79022 66450 29550
DSC COMMUNICATIONS COM 233311109 4 250 SH DEFINED 03 250 0 0
DANA CORP COM 235811106 6257 191799 SH DEFINED 02 104056 19450 68293
DAVIS N Y VENTURE FD INC COM 239080104 2841 162362 SH DEFINED 02 0 162362 0
DAVIS N Y VENTURE FD INC COM 239080401 1308 334809 SH DEFINED 02 0 0 334809
DAVIS SER INC COM 239103500 393 21805 SH DEFINED 02 0 0 21805
DEAN WITTER DISCOVER & CO COM 24240V101 283 4272 SH DEFINED 02 2507 907 858
<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
DEERE & CO COM 244199105 17568 433798 SH DEFINED 02 265361 71362 97075
DEERE & CO COM 244199105 12 500 SH DEFINED 03 500 0 0
DELMARVA PWR & LT CO COM 247109101 887 43553 SH DEFINED 02 6854 28800 7899
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
DELTA AIR LINES INC DEL COM 247361108 5794 81763 SH DEFINED 02 62862 10223 8678
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 203 10000 SH DEFINED 02 0 0 10000
DEVRY INC DEL COM 251893103 260 11100 SH DEFINED 02 0 1000 10100
DEXTER CORP COM 252165105 251 7900 SH DEFINED 02 1550 4200 2150
DIGI INTL INC COM 253798102 190 20000 SH DEFINED 02 0 19000 1000
DIGITAL EQUIP CORP COM 253849103 5608 154723 SH DEFINED 02 93972 41017 19734
DISNEY WALT CO COM 254687106 10163 145714 SH DEFINED 02 43993 59894 41827
DISNEY WALT CO COM 254687106 96 1376 SH DEFINED 03 1376 0 0
DOMINION RES INC VA COM 257470104 803 20865 SH DEFINED 02 8606 10245 2014
DOMINION RES INC VA COM 257470104 299 7771 SH DEFINED 03 7771 0 0
DONALDSON INC COM 257651109 535 15989 SH DEFINED 02 1618 600 13771
DONNELLEY R R & SONS CO COM 257867101 2678 85356 SH DEFINED 02 25663 37509 22184
DOVER CORP COM 260003108 13874 274737 SH DEFINED 02 126221 72966 75550
DOVER CORP COM 260003108 205 4055 SH DEFINED 03 4055 0 0
DOW CHEM CO COM 260543103 25370 323702 SH DEFINED 02 134637 144348 44717
DRESSER INDS INC COM 261597108 15726 507297 SH DEFINED 02 174136 200807 132354
DU PONT E I DE NEMOURS & CO COM 263534109 88294 938058 SH DEFINED 02 486440 297017 154601
DU PONT E I DE NEMOURS & CO COM 263534109 700 7440 SH DEFINED 03 7040 0 400
DUKE PWR CO COM 264399106 7009 151567 SH DEFINED 02 83435 35258 32874
DUKE PWR CO COM 264399106 46 1000 SH DEFINED 03 1000 0 0
DUN & BRADSTREET CORP COM 264830100 13759 579336 SH DEFINED 02 517028 46618 15690
DUN & BRADSTREET CORP COM 264830100 33 1390 SH DEFINED 03 1340 0 50
EASTMAN CHEM CO COM 277432100 602 10900 SH DEFINED 02 4125 4870 1905
EASTMAN KODAK CO COM 277461109 24744 308344 SH DEFINED 02 144158 100570 63616
EASTMAN KODAK CO COM 277461109 350 4365 SH DEFINED 03 4015 0 350
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 2804 40204 SH DEFINED 02 18727 14634 6843
EATON CORP COM 278058102 146 2100 SH DEFINED 03 2100 0 0
EL PASO NAT GAS CO COM NEW COM 283695872 304 6027 SH DEFINED 02 51 4558 1416
ELECTRONIC DATA SYS CORP NEW COM 285661104 8497 196477 SH DEFINED 02 126166 39956 30355
ELECTRONIC DATA SYS CORP NEW COM 285661104 32 740 SH DEFINED 03 40 0 700
EMERSON ELEC CO COM 291011104 32506 335548 SH DEFINED 02 183933 75065 76550
EMERSON ELEC CO COM 291011104 94 975 SH DEFINED 03 975 0 0
ENRON CORP COM 293561106 8413 195093 SH DEFINED 02 73721 47792 73580
EQUITABLE GAS CO SUB 294497AJ1 102 65000 PRN DEFINED 02 0 65000 0
EQUITABLE RES INC COM 294549100 20280 681694 SH DEFINED 02 448428 98487 134779
EQUITABLE RES INC COM 294549100 593 19935 SH DEFINED 03 19035 0 900
ERICSSON L M TEL CO COM 294821400 14414 477509 SH DEFINED 02 151211 205962 120336
ERICSSON L M TEL CO COM 294821400 8 250 SH DEFINED 03 250 0 0
EURO PAC GROWTH FD COM 298706102 1564 60081 SH DEFINED 02 60081 0 0
EXXON CORP COM 302290101 158603 1618400 SH DEFINED 02 776177 586421 255802
EXXON CORP COM 302290101 939 9580 SH DEFINED 03 9230 0 350
F&M BANCORP COM 302367107 1592 66373 SH DEFINED 02 2246 39511 24616
FPL GROUP INC COM 302571104 480 10450 SH DEFINED 02 6550 2300 1600
FCNB CORP COM 302920103 866 42263 SH DEFINED 02 10700 15672 15891
FASTENAL CO COM 311900104 1611 35230 SH DEFINED 02 0 30750 4480
<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
FEDERAL HOME LN MTG CORP COM 313400301 1518 13758 SH DEFINED 02 1800 11906 52
FEDERAL NATL MTG ASSN COM 313586109 278 7400 SH DEFINED 02 800 900 5700
FIDELITY ADVISOR SER I COM 315805101 634 14914 SH DEFINED 02 0 14914 0
FIELDCREST CANNON INC SUB 316549AB0 1052 1390000 PRN DEFINED 02 1265000 80000 45000
FINANCIAL TR CORP COM 317903102 260 6524 SH DEFINED 02 0 6524 0
FIRST AMER BK CORP COM 318906104 360 6000 SH DEFINED 02 6000 0 0
FIRST BK SYS INC COM 319279105 914 13400 SH DEFINED 02 0 13400 0
FIRST DATA CORP COM 319963104 765 20972 SH DEFINED 02 0 17606 3366
FIRST UN CORP COM 337358105 671 9081 SH DEFINED 02 5015 175 3891
FIRST UN CORP COM 337358105 44 600 SH DEFINED 03 600 0 0
FIRST VA BKS INC COM 337477103 207 4324 SH DEFINED 02 0 4324 0
FIRST VA BKS INC COM 337477103 66 1375 SH DEFINED 03 1375 0 0
FIRSTAR CORP NEW COM 33761C103 566 10796 SH DEFINED 02 0 0 10796
FISERV INC COM 337738108 308 8400 SH DEFINED 02 0 7950 450
FLAG INVS TEL INCOME FD INC COM 338331101 877 56228 SH DEFINED 02 16249 39979 0
FLEETWOOD ENTERPRISES INC COM 339099103 4087 148650 SH DEFINED 02 29300 77050 42300
FLEETWOOD ENTERPRISES INC COM 339099103 14 500 SH DEFINED 03 500 0 0
FLORIDA EAST COAST INDS INC COM 340632108 349 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 345 10721 SH DEFINED 02 1700 9021 0
FORD MTR CO DEL COM 345370100 429 13330 SH DEFINED 02 3428 4240 5662
FORD MTR CO DEL COM 345370100 58 1792 SH DEFINED 03 1792 0 0
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 365 12245 SH DEFINED 02 1018 5445 5782
FRITZ COS INC COM 358846103 170 13350 SH DEFINED 02 0 12750 600
GTE CORP COM 362320103 30553 673348 SH DEFINED 02 276154 239568 157626
GTE CORP COM 362320103 705 15532 SH DEFINED 03 14832 0 700
GANNETT INC COM 364730101 12340 164810 SH DEFINED 02 88107 57959 18744
GARDNER DENVER MACHY INC COM 365558105 1208 35275 SH DEFINED 02 20 35171 84
GENCORP INC SUB 368682AC4 28 25000 PRN DEFINED 02 0 0 25000
GENERAL DYNAMICS CORP COM 369550108 353 5000 SH DEFINED 02 0 5000 0
GENERAL ELEC CO COM 369604103 215195 2176442 SH DEFINED 02 1025183 820972 330287
GENERAL ELEC CO COM 369604103 1736 17459 SH DEFINED 03 17109 0 350
GENERAL MILLS INC COM 370334104 1671 26269 SH DEFINED 02 12160 8400 5709
GENERAL MOTORS CORP COM 370442105 9225 165478 SH DEFINED 02 98168 21443 45867
GENERAL MOTORS CORP COM 370442105 235 4224 SH DEFINED 03 4224 0 0
GENERAL RE CORP COM 370563108 37034 234770 SH DEFINED 02 149890 47899 36981
GENUINE PARTS CO COM 372460105 12844 288645 SH DEFINED 02 175029 76577 37039
GENUINE PARTS CO COM 372460105 75 1675 SH DEFINED 03 1625 0 50
GENZYME CORP COM 372917104 1629 74900 SH DEFINED 02 27500 12500 34900
GENZYME CORP COM 372917104 28 1300 SH DEFINED 03 1300 0 0
GEORGIA PAC CORP COM 373298108 432 6007 SH DEFINED 02 2019 3480 508
GIANT FOOD INC COM 374478105 19389 562027 SH DEFINED 02 349549 147628 64850
GIANT FOOD INC COM 374478105 10 300 SH DEFINED 03 300 0 0
GIDDINGS & LEWIS INC WIS COM 375048105 7380 573252 SH DEFINED 02 455752 9525 107975
GIDDINGS & LEWIS INC WIS COM 375048105 153 11900 SH DEFINED 03 11900 0 0
GILLETTE CO COM 375766102 9300 119616 SH DEFINED 02 7082 52450 60084
GILLETTE CO COM 375766102 124 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 3758 208784 SH DEFINED 02 136529 54006 18249
GOODYEAR TIRE & RUBR CO COM 382550101 230 4487 SH DEFINED 02 554 3123 810
GRACE W R & CO DEL COM 383911104 282 5454 SH DEFINED 02 54 5160 240
GRAINGER W W INC COM 384802104 6154 76695 SH DEFINED 02 18337 21983 36375
<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
GRAINGER W W INC COM 384802104 294 3860 SH DEFINED 03 3285 0 375
GREAT LAKES CHEM CORP COM 390568103 502 10756 SH DEFINED 02 100 9500 1156
GREENERY REHABILITATION GROUP SUB 394797AB0 147 195000 PRN DEFINED 02 105000 0 90000
APACHE CORP CONV SUB DEB SUB 401436II3 25 20000 PRN DEFINED 02 0 20000 0
HALLIBURTON CO COM 406216101 16469 273353 SH DEFINED 02 173122 36483 63748
HANSON PLC COM 411352305 82 12200 SH DEFINED 02 7200 5000 0
HARSCO CORP COM 415864107 4481 65429 SH DEFINED 02 39144 16820 9465
HARTFORD STEAM BOILER COM 416704104 1470 31700 SH DEFINED 02 29250 1050 1400
CETUS CORP SUB DEB CONV SUB 418589II0 140 145000 PRN DEFINED 02 86000 0 59000
CHUBB CAPITAL CORP SUB 419447II0 540 430000 PRN DEFINED 02 115000 35000 280000
HARVEST OFFICE BLDG INVT SUB 419990023 6250 25000 PRN DEFINED 02 25000 0 0
HEALTH CARE PPTY INVS INC COM 421915109 428 12250 SH DEFINED 02 3400 6100 2750
HEINZ H J CO COM 423074103 1398 39128 SH DEFINED 02 5656 20172 13300
HERCULES INC SUB 427056AK2 29 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 841 19463 SH DEFINED 02 6650 10325 2488
HERSHEY FOODS CORP COM 427866108 12204 278968 SH DEFINED 02 184636 42132 52200
HEWLETT PACKARD CO COM 428236103 58820 1170549 SH DEFINED 02 734346 220590 215613
HEWLETT PACKARD CO COM 428236103 439 8735 SH DEFINED 03 8135 0 600
HOME DEPOT INC SUB 437076AE2 517 525000 PRN DEFINED 02 0 0 525000
HOME DEPOT INC COM 437076102 2390 47689 SH DEFINED 02 3775 29916 13998
HOMESTAKE MNG CO COM 437614100 2391 167807 SH DEFINED 02 135607 2600 29600
HONEYWELL INC COM 438506107 2801 42604 SH DEFINED 02 16306 18232 8066
HOUSEHOLD INTL CORP COM 441815107 458 4969 SH DEFINED 02 600 1600 2769
HOUSTON INDS INC COM 442161105 311 13772 SH DEFINED 02 2480 8292 3000
HOUSTON INDS INC COM 442161105 45 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 7108 164348 SH DEFINED 02 52844 42472 69032
HEALTH CARE PPTY SUB 443528II7 107 110000 PRN DEFINED 02 0 0 110000
ICN PHARMACEUTICALS INC NEW SUB 448924AA8 10 10000 PRN DEFINED 02 0 0 10000
ITT HARTFORD GROUP INC COM 45068H106 1492 22105 SH DEFINED 02 7008 7346 7751
ITT HARTFORD GROUP INC COM 45068H106 11 156 SH DEFINED 03 156 0 0
ITT INDS INC COM 450911102 437 17840 SH DEFINED 02 7008 3846 6986
ITT INDS INC COM 450911102 4 156 SH DEFINED 03 156 0 0
ITT CORP NEW COM 450912100 819 18891 SH DEFINED 02 7008 5496 6387
ILLINOIS TOOL WORKS INC COM 452308109 9843 123236 SH DEFINED 02 79090 14000 30146
IMATION CORP COM 45245A107 1957 69603 SH DEFINED 02 20625 41159 7819
IMPERIAL CHEM INDS PLC COM 452704505 7287 140137 SH DEFINED 02 87036 30176 22925
INCOME TR COM 45336X636 5 10000 SH DEFINED 02 10000 0 0
INGERSOLL RAND CO COM 456866102 16295 366182 SH DEFINED 02 121535 132792 111855
INGERSOLL RAND CO COM 456866102 129 2900 SH DEFINED 03 2900 0 0
INTEL CORP COM 458140100 68935 526475 SH DEFINED 02 351741 86648 88086
INTEL CORP COM 458140100 311 2375 SH DEFINED 03 2375 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 73205 483207 SH DEFINED 02 221908 166992 94307
INTERNATIONAL BUSINESS MACHS COM 459200101 255 1680 SH DEFINED 03 1680 0 0
INTERNATIONAL FLAVORS & COM 459506101 282 6280 SH DEFINED 02 126 4950 1204
INTERNATIONAL PAPER CO COM 460146103 897 22162 SH DEFINED 02 8880 8182 5100
INTUIT COM 461202103 248 7896 SH DEFINED 02 0 7596 300
INVESTMENT CO AMER COM 461308108 327 13533 SH DEFINED 02 13533 0 0
IONICS INC COM 462218108 283 5900 SH DEFINED 02 3000 2900 0
JDN RLTY CORP COM 465917102 238 8650 SH DEFINED 02 0 4750 3900
JAMES RIV CORP VA COM 470349101 401 12118 SH DEFINED 02 4518 1100 6500
<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
JEFFERSON PILOT CORP COM 475070108 16902 298499 SH DEFINED 02 201555 41734 55210
ROUSE CO SUB 475447II1 131 125000 PRN DEFINED 02 0 0 125000
JOHNSON & JOHNSON COM 478160104 93436 1878130 SH DEFINED 02 1012957 499573 365600
JOHNSON & JOHNSON COM 478160104 371 7460 SH DEFINED 03 7460 0 0
JOHNSON CTLS INC COM 478366107 2932 35388 SH DEFINED 02 16218 11908 7262
K N ENERGY INC COM 482620101 2392 60950 SH DEFINED 02 28402 23148 9400
KAMAN CORP SUB 483548AC7 313 378000 PRN DEFINED 02 303000 0 75000
KAMAN CORP COM 483548103 1619 124597 SH DEFINED 02 101147 16000 7450
KAMAN CORP CPF 483548509 2590 48870 PRN DEFINED 02 41892 620 6358
S KANN SONS CO COM STPD COM 483996104 4744 93026 SH DEFINED 02 5280 87626 120
KELLOGG CO COM 487836108 2038 31067 SH DEFINED 02 9817 18750 2500
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 264 170000 PRN DEFINED 02 25000 0 145000
TRINOVA CORP SUB DEB CONV SUB 490433II2 48 50000 PRN DEFINED 02 50000 0 0
KEYCORP NEW COM 493267108 257 5103 SH DEFINED 02 0 361 4742
KIMBERLY CLARK CORP COM 494368103 3455 36282 SH DEFINED 02 8790 16783 10709
KIMBERLY CLARK CORP COM 494368103 46 480 SH DEFINED 03 480 0 0
KOLLMORGEN CORP SUB 500440AA0 8 9000 PRN DEFINED 02 9000 0 0
KOPP GLASS INC COM 500990106 254 33950 SH DEFINED 02 33950 0 0
KRUPP INSD MTG LTD PARTNERSHIP COM 501120109 118 12500 SH DEFINED 02 12500 0 0
KRUGERRAND WHOLE SUB 501990501 6 1718 PRN DEFINED 02 323 1387 8
LEARNING TREE INTL INC COM 522015106 283 9600 SH DEFINED 02 0 2700 6900
LEGGETT & PLATT INC COM 524660107 831 24000 SH DEFINED 02 0 24000 0
LEGG MASON INC COM 524901105 306 7951 SH DEFINED 02 3559 3592 800
LEUCADIA NATL CORP COM 527288104 1580 59100 SH DEFINED 02 0 30000 29100
LILLY ELI & CO COM 532457108 4643 63609 SH DEFINED 02 29816 26993 6800
LINCOLN NATL CORP IND COM 534187109 14722 280436 SH DEFINED 02 170696 57800 51940
LINCOLN NATL CORP IND COM 534187109 438 8350 SH DEFINED 03 7850 0 500
LOCKHEED MARTIN CORP COM 539830109 12899 140974 SH DEFINED 02 59849 33039 48086
LOCKHEED MARTIN CORP COM 539830109 142 1550 SH DEFINED 03 1550 0 0
LOCTITE CORP COM 540137106 487 8000 SH DEFINED 02 0 6500 1500
LOEWS CORP COM 540424108 377 4000 SH DEFINED 02 0 4000 0
LOEWS CORP COM 540424108 530 5622 SH DEFINED 03 5622 0 0
LOUISIANA LD & EXPL CO COM 546268103 203 3800 SH DEFINED 02 1200 1400 1200
LUBRIZOL CORP COM 549271104 2022 65227 SH DEFINED 02 16967 37600 10660
LUCENT TECHNOLOGIES INC COM 549463107 14082 304477 SH DEFINED 02 164032 65294 75151
LUCENT TECHNOLOGIES INC COM 549463107 206 4468 SH DEFINED 03 4259 0 209
MBIA INC COM 55262C100 521 5150 SH DEFINED 02 0 0 5150
MBNA CORP COM 55262L100 218 5250 SH DEFINED 02 450 450 4350
MCI COMMUNICATIONS CORP COM 552673105 16561 506668 SH DEFINED 02 321050 91330 94288
MCI COMMUNICATIONS CORP COM 552673105 7 200 SH DEFINED 03 200 0 0
MSD&T FNDS INC VALUE EQUITY COM 553537507 15220 961495 SH DEFINED 02 200745 0 760750
MSD&T FNDS INC INTL EQUITY COM 553537804 20027 1607339 SH DEFINED 02 709638 711291 186409
M S D & T FDS INC COM 553537879 1020 64629 SH DEFINED 02 64629 0 0
MSD&T FNDS INC INTL EQUITY COM 553537804 40673 3264292 SH DEFINED 02 2273230 355109 635952
MACNEAL SCHWENDLER CORP SUB 554806AA7 18 20000 PRN DEFINED 02 0 20000 0
MANOR CARE INC COM 564054104 371 13765 SH DEFINED 02 200 1650 11915
MARK IV INDS INC COM 570387100 736 32542 SH DEFINED 02 0 32542 0
MARSH & MCLENNAN COS INC COM 571748102 21169 203550 SH DEFINED 02 121555 50835 31160
MARSH & MCLENNAN COS INC COM 571748102 28 275 SH DEFINED 03 275 0 0
MARRIOTT INTL INC COM 571900109 434 7873 SH DEFINED 02 200 6941 732
<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
MASCO CORP SUB 574599AG1 2952 2909000 PRN DEFINED 02 1912000 385000 612000
MASCO CORP COM 574599106 280 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 504 24592 SH DEFINED 02 14737 4857 4998
MATRITECH INC COM 576818108 93 11000 SH DEFINED 02 11000 0 0
MAY DEPT STORES CO COM 577778103 54621 1168384 SH DEFINED 02 483394 483906 201084
MAY DEPT STORES CO COM 577778103 215 4600 SH DEFINED 03 4400 0 200
MAYTAG CORP COM 578592107 389 19734 SH DEFINED 02 6850 5984 6900
MAYTAG CORP COM 578592107 9 450 SH DEFINED 03 450 0 0
MCCORMICK & CO INC COM 579780107 232 10012 SH DEFINED 02 9500 512 0
MCCORMICK & CO INC COM 579780206 12324 523070 SH DEFINED 02 303741 160617 58712
MCCORMICK & CO INC COM 579780206 104 4430 SH DEFINED 03 4430 0 0
MCDONALDS CORP COM 580135101 2522 55585 SH DEFINED 02 9100 19100 27385
MCDONALDS CORP COM 580135101 63 1390 SH DEFINED 03 1390 0 0
MCDONNELL DOUGLAS CORP COM 580169100 275 4200 SH DEFINED 02 0 4200 0
MCKESSON CORP NEW COM 581557105 633 11344 SH DEFINED 02 0 11344 0
MEAD CORP COM 582834107 279 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 822 12100 SH DEFINED 02 100 1700 10300
MERCANTILE BANKSHARES CORP COM 587405101 65585 2049546 SH DEFINED 02 873544 796018 379984
MERCANTILE BANKSHARES CORP COM 587405101 4637 144907 SH DEFINED 03 72985 0 71922
MERCK & CO INC COM 589331107 166390 2089675 SH DEFINED 02 966559 711475 411641
MERCK & CO INC COM 589331107 541 6900 SH DEFINED 03 6350 0 450
MEREDITH CORP COM 589433101 390 7400 SH DEFINED 02 0 400 7000
MERRILL LYNCH & CO INC COM 590188108 847 10400 SH DEFINED 02 0 10400 0
MICROSOFT CORP COM 594918104 5331 64524 SH DEFINED 02 35150 15350 14024
MID-ATLANTIC RLTY TR COM 595232109 150 13397 SH DEFINED 02 8582 3893 922
MILLIPORE CORP COM 601073109 952 23012 SH DEFINED 02 0 12420 10592
MINNESOTA MNG & MFG CO COM 604059105 75910 914589 SH DEFINED 02 485890 259384 169315
MINNESOTA MNG & MFG CO COM 604059105 431 5198 SH DEFINED 03 4748 0 450
MOBIL CORP COM 607059102 45384 371245 SH DEFINED 02 206736 104549 59960
MOBIL CORP COM 607059102 215 1760 SH DEFINED 03 1760 0 0
MOLEX INC COM 608554101 259 6624 SH DEFINED 02 487 2500 3637
MOLEX INC COM 608554200 584 16409 SH DEFINED 02 487 4450 11472
MONSANTO CO COM 611662107 1230 31640 SH DEFINED 02 5100 17020 9520
MONSANTO CO COM 611662107 27 700 SH DEFINED 03 700 0 0
MORGAN J P & CO INC COM 616880100 27590 282619 SH DEFINED 02 171708 53079 57832
MORGAN J P & CO INC COM 616880100 217 2220 SH DEFINED 03 2220 0 0
MORGAN STANLEY GROUP INC COM 617446109 377 6600 SH DEFINED 02 6000 0 600
MORTON INTL INC IND COM 619331101 3153 77381 SH DEFINED 02 47600 17956 11825
MOTOROLA INC SUB 620076AJ8 77 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 69567 1135788 SH DEFINED 02 631419 272356 232013
MOTOROLA INC COM 620076109 760 12415 SH DEFINED 03 11665 0 750
MURPHY OIL CORP COM 626717102 16196 291179 SH DEFINED 02 187391 34583 69205
MURPHY OIL CORP COM 626717102 72 1300 SH DEFINED 03 1300 0 0
MUTUAL SER FD INC COM 628380107 713 7679 SH DEFINED 02 290 7389 0
NAC RE CORP SUB 628907AC1 62 65000 PRN DEFINED 02 0 50000 15000
NATIONAL BK CAMBRIDGE MD COM 633058102 632 21080 SH DEFINED 02 15480 5600 0
NATIONAL CITY CORP COM 635405103 583 12997 SH DEFINED 02 8402 3642 953
NATIONSBANK CORP COM 638585109 6169 63113 SH DEFINED 02 4841 51444 6828
<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
NATIONSBANK CORP COM 638585109 108 1107 SH DEFINED 03 1107 0 0
NATIONWIDE HEALTH PPTYS INC COM 638620104 441 18200 SH DEFINED 02 0 15200 3000
NESTLE S A COM 641069406 20306 379454 SH DEFINED 02 177615 124989 76850
NESTLE S A COM 641069406 167 3125 SH DEFINED 03 2925 0 200
NEW ENGLAND ELEC SYS COM 644001109 1501 43063 SH DEFINED 02 33610 7000 2453
NEWELL CO COM 651192106 5323 169010 SH DEFINED 02 27296 52864 88850
NEWS CORP LTD COM 652487802 3581 203200 SH DEFINED 02 98350 67750 37100
NOBLE AFFILIATES INC COM 654894104 326 6824 SH DEFINED 02 0 3560 3264
NOKIA CORP COM 654902204 440 7644 SH DEFINED 02 500 6844 300
NORAM ENERGY CORP SUB 655419AC3 4 5000 PRN DEFINED 02 5000 0 0
NORAM ENERGY CORP COM 655419109 178 11500 SH DEFINED 02 10000 900 600
NORDSTROM INC COM 655664100 11642 328525 SH DEFINED 02 235825 12600 80100
NORDSTROM INC COM 655664100 212 6000 SH DEFINED 03 5800 0 200
NORFOLK SOUTHERN CORP COM 655844108 30759 349544 SH DEFINED 02 178481 94536 76527
NORFOLK SOUTHERN CORP COM 655844108 384 4360 SH DEFINED 03 4210 0 150
NORTHERN STS PWR CO MINN COM 665772109 2835 61807 SH DEFINED 02 40730 17917 3160
NORTHERN TR CORP COM 665859104 755 20850 SH DEFINED 02 0 9000 11850
NOVACARE INC SUB 669930AA7 1532 1675000 PRN DEFINED 02 1625000 20000 30000
NYNEX CORP COM 670768100 547 11368 SH DEFINED 02 3513 5264 2591
NYNEX CORP COM 670768100 130 2704 SH DEFINED 03 2704 0 0
OHM CORP SUB 670839AA7 18 20000 PRN DEFINED 02 20000 0 0
OLIN CORP COM 680665205 8271 219844 SH DEFINED 02 60138 3294 156412
OMNICARE INC COM 681904108 581 18100 SH DEFINED 02 0 17000 1100
OMNICOM GROUP INC COM 681919106 708 15476 SH DEFINED 02 2100 1803 11573
ORION CAP CORP COM 686268103 356 5828 SH DEFINED 02 5828 0 0
PHH CORP COM 693320103 2040 47463 SH DEFINED 02 23371 16600 7492
PNC BK CORP SUB 693475AA3 16 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 1132 30107 SH DEFINED 02 19944 6463 3700
P P & L RES INC COM 693499105 278 12093 SH DEFINED 02 5921 5472 700
PPG INDS INC COM 693506107 11743 209241 SH DEFINED 02 113004 54026 42211
PPG INDS INC COM 693506107 8 150 SH DEFINED 03 150 0 0
PUBLIX SUPER MARKETS INC COM 694000993 1378 66393 SH DEFINED 03 66393 0 0
PACIFIC GAS & ELEC CO COM 694308107 280 13375 SH DEFINED 02 3408 8737 1230
PACIFIC GAS & ELEC CO COM 694308107 17 800 SH DEFINED 03 800 0 0
PACIFIC GULF PPTYS INC SUB 694396AA0 107 105000 PRN DEFINED 02 0 90000 15000
PACIFIC TELESIS GROUP COM 694890104 3877 105499 SH DEFINED 02 44103 46525 14871
PACIFIC TELESIS GROUP COM 694890104 3 80 SH DEFINED 03 0 0 80
PACIFICORP COM 695114108 10822 527913 SH DEFINED 02 303080 102065 122768
PACIFICORP COM 695114108 443 21615 SH DEFINED 03 20515 0 1100
PAYLESS SHOESOURCE INC COM 704379106 1300 34679 SH DEFINED 02 4779 19059 10841
PENNEY J C INC COM 708160106 4826 99009 SH DEFINED 02 55150 28129 15730
PENNEY J C INC COM 708160106 229 5120 SH DEFINED 03 4670 0 450
PEPSICO INC COM 713448108 32110 1097810 SH DEFINED 02 652968 269714 175128
PEPSICO INC COM 713448108 235 8050 SH DEFINED 03 7550 0 500
PERKIN ELMER CORP COM 714041100 204 3466 SH DEFINED 02 1900 1200 366
PHARMACIA & UPJOHN INC COM 716941109 314 7937 SH DEFINED 02 2895 4712 330
PFIZER INC COM 717081103 68861 829656 SH DEFINED 02 362065 348034 119557
PFIZER INC COM 717081103 131 1580 SH DEFINED 03 1580 0 0
PHELPS DODGE CORP COM 717265102 3407 50475 SH DEFINED 02 37775 3803 8897
PHILIP MORRIS COS INC COM 718154107 98235 869343 SH DEFINED 02 511515 254838 102990
<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
PHILIP MORRIS COS INC COM 718154107 179 1580 SH DEFINED 03 1580 0 0
PHILLIPS PETE CO COM 718507106 305 6900 SH DEFINED 02 300 6300 300
PIONEER HI BRED INTL INC COM 723686101 255 3650 SH DEFINED 02 2000 600 1050
PITNEY BOWES INC COM 724479100 2421 44233 SH DEFINED 02 880 12200 31153
PITNEY BOWES INC COM 724479100 5 100 SH DEFINED 03 100 0 0
PITTWAY CORP DEL COM 725790208 1083 20250 SH DEFINED 02 0 8250 12000
POTASH CORP SASK INC COM 73755L107 546 6425 SH DEFINED 02 1500 1000 3925
POTLATCH CORP COM 737628107 5504 128009 SH DEFINED 02 56635 42076 29298
POTLATCH CORP COM 737628107 100 2325 SH DEFINED 03 2325 0 0
POTOMAC ELEC PWR CO COM 737679100 976 37933 SH DEFINED 02 22247 11442 4244
POTOMAC ELEC PWR CO COM 737679100 71 2764 SH DEFINED 03 2764 0 0
PRAXAIR INC COM 74005P104 243 5270 SH DEFINED 02 1170 900 3200
PREMARK INTL INC COM 740459102 391 17606 SH DEFINED 02 12590 3200 1816
PRICE CO SUB 741440AB7 183 175000 PRN DEFINED 02 105000 0 70000
T ROWE PRICE ASSOC INC COM 741477103 7899 181600 SH DEFINED 02 1100 170600 9900
T ROWE PRICE GROWTH STK FD COM 741479109 722 27609 SH DEFINED 02 7689 13177 6742
PROCTER & GAMBLE CO COM 742718109 200309 1861183 SH DEFINED 02 1031605 648603 180975
PROCTER & GAMBLE CO COM 742718109 396 3675 SH DEFINED 03 3525 0 150
PROFFITTS INC SUB 742925AA8 54 55000 PRN DEFINED 02 55000 0 0
PROTECTIVE LIFE CORP COM 743674103 839 21056 SH DEFINED 02 0 1656 19400
PROVIDENT BANKSHARES CORP COM 743859100 658 16893 SH DEFINED 02 3149 12883 861
PROVIDENT ST BK PRESTON MD COM 744057100 211 6600 SH DEFINED 02 0 5400 1200
PUBLIC SVC ENTERPRISE GROUP COM 744573106 261 9612 SH DEFINED 02 3725 3650 2237
PUBLIC SVC ENTERPRISE GROUP COM 744573106 82 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 571 14996 SH DEFINED 02 2160 8536 4300
QUAKER ST CORP COM 747410108 7003 500273 SH DEFINED 02 242021 91700 166552
QUALCOMM INC COM 747525103 417 10470 SH DEFINED 02 0 10070 400
QUESTAR CORP COM 748356102 11007 299537 SH DEFINED 02 139975 97612 61950
QUESTAR CORP COM 748356102 147 4000 SH DEFINED 03 4000 0 0
RPM INC OHIO COM 749685103 3493 205480 SH DEFINED 02 34650 107075 63755
RPM INC OHIO COM 749685103 21 1250 SH DEFINED 03 1250 0 0
RALSTON PURINA CO COM 751277302 812 11080 SH DEFINED 02 2017 2907 6156
RAYTHEON CO COM 755111101 8387 174288 SH DEFINED 02 109334 33703 31251
RAYTHEON CO COM 755111101 131 2730 SH DEFINED 03 2730 0 0
READERS DIGEST ASSN INC COM 755267101 9544 237130 SH DEFINED 02 172905 37300 26925
READERS DIGEST ASSN INC COM 755267101 64 1600 SH DEFINED 03 1600 0 0
REGAL BELOIT CORP COM 758750103 1579 80500 SH DEFINED 02 17800 37500 25200
REGIONS FINL CORP COM 758940100 16537 319956 SH DEFINED 02 145312 99307 75337
REGIONS FINL CORP COM 758940100 223 4320 SH DEFINED 03 4320 0 0
REUTERS HLDGS PLC COM 761324201 286 3748 SH DEFINED 02 2500 416 832
REVCO D S INC NEW COM 761339100 481 13000 SH DEFINED 02 0 13000 0
REYNOLDS METALS CO COM 761763101 2420 42927 SH DEFINED 02 26248 8204 8475
RESERVOIR CAP CORP SUB 761990407 1 26250 PRN DEFINED 02 0 13500 12750
ROCKWELL INTL CORP NEW COM 773903109 352 5789 SH DEFINED 02 5509 60 220
ROHM & HAAS CO COM 775371107 562 6894 SH DEFINED 02 2808 3936 150
ROUSE CO COM 779273101 2962 93309 SH DEFINED 02 1500 35850 55959
ROWE T PRICE CAP APPRECIATION COM 77954M105 156 10789 SH DEFINED 02 0 10789 0
T ROWE PRICE INTL FD INC COM 77956H203 1215 88090 SH DEFINED 02 86090 2000 0
T ROWE PRICE NEW HORIZONS FD COM 779562107 500 23005 SH DEFINED 02 0 14105 8899
ROYAL DUTCH PETE CO COM 780257705 3157 18493 SH DEFINED 02 6853 7971 3669
<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
ROYCE FD COM 780905105 630 65690 SH DEFINED 02 0 65690 0
RUBBERMAID INC COM 781088109 4143 183137 SH DEFINED 02 106152 29150 47835
RUBBERMAID INC COM 781088109 257 11350 SH DEFINED 03 10850 0 500
SBC COMMUNICATIONS INC COM 78387G103 1763 34004 SH DEFINED 02 11992 16096 5916
SBC COMMUNICATIONS INC COM 78387G103 45 864 SH DEFINED 03 744 0 120
SAFETY KLEEN CORP COM 786484105 2414 147461 SH DEFINED 02 128936 11500 7025
ST JUDE MED INC COM 790849103 1032 24375 SH DEFINED 02 15125 5840 3410
ST JUDE MED INC COM 790849103 94 2230 SH DEFINED 03 2230 0 0
ST PAUL COS INC COM 792860108 281 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 66 55000 PRN DEFINED 02 10000 0 45000
SARA LEE CORP COM 803111103 1878 50437 SH DEFINED 02 6900 33724 9813
SARA LEE CORP COM 803111103 86 2300 SH DEFINED 03 2300 0 0
SCANA CORP COM 805898103 469 17560 SH DEFINED 02 9460 6900 1200
SCANA CORP COM 805898103 54 2000 SH DEFINED 03 2000 0 0
SCHERING PLOUGH CORP COM 806605101 33404 515899 SH DEFINED 02 124492 369542 21865
SCHERING PLOUGH CORP COM 806605101 6 100 SH DEFINED 03 100 0 0
SCHLUMBERGER COM 806857108 48656 487170 SH DEFINED 02 309844 105310 72016
SCHLUMBERGER COM 806857108 300 3000 SH DEFINED 03 3000 0 0
SCHULMAN A INC COM 808194104 824 33670 SH DEFINED 02 0 27511 6159
SEAGRAM LTD COM 811850106 258 6660 SH DEFINED 02 0 6000 660
SEARS ROEBUCK & CO COM 812387108 1102 23964 SH DEFINED 02 13816 6532 3616
SEQUOIA FD INC COM 817418106 1058 11973 SH DEFINED 02 0 3136 8837
SERVICE CORP INTL COM 817565104 614 21950 SH DEFINED 02 0 6600 15350
SERVICEMASTER LTD PARTNERSHIP COM 817615107 3464 132599 SH DEFINED 02 2525 34180 95894
SHAW INDS INC COM 820286102 165 13900 SH DEFINED 02 0 13900 0
SHERWIN WILLIAMS CO COM 824348106 957 17092 SH DEFINED 02 1592 8200 7300
SHIVA CORP COM 824851109 268 7690 SH DEFINED 02 0 7390 300
SIGMA ALDRICH CORP COM 826552101 262 4200 SH DEFINED 02 0 800 3400
SIGNET BKG CORP COM 826681108 2499 81283 SH DEFINED 02 41860 28018 11405
SIGNET BKG CORP COM 826681108 22 700 SH DEFINED 03 500 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 363 13970 SH DEFINED 02 0 12670 1300
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 7769 114255 SH DEFINED 02 40100 41800 32355
SOLA INTL INC COM 834092108 570 15022 SH DEFINED 02 0 15022 0
SONAT INC COM 835415100 2767 53738 SH DEFINED 02 28660 23018 2060
SOUTHERN CO COM 842587107 603 26688 SH DEFINED 02 12236 9244 5208
SOUTHERN NEW ENGLAND COM 843485103 283 7300 SH DEFINED 02 5300 2000 0
SOUTHWEST AIRLS CO COM 844741108 11633 528775 SH DEFINED 02 426676 1000 101099
SOUTHWEST AIRLS CO COM 844741108 145 6600 SH DEFINED 03 6600 0 0
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 80000 0 0
SOUTHWESTERN PUB SVC CO COM 845743103 393 11111 SH DEFINED 02 6518 4593 0
SPACELABS MED INC COM 846247104 465 22701 SH DEFINED 02 9431 0 13270
SPRINGS INDS INC COM 851783100 966 22479 SH DEFINED 02 22397 82 0
SPRINT CORP COM 852061100 1057 26517 SH DEFINED 02 7272 10896 8349
SPRINT CORP COM 852061100 7 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 2016 2210000 PRN DEFINED 02 1875000 15000 320000
STANLEY WKS COM 854616109 2979 110360 SH DEFINED 02 43690 44200 22470
STANLEY WKS COM 854616109 22 800 SH DEFINED 03 800 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
STATE STR BOSTON CORP COM 857473102 552 8547 SH DEFINED 02 3500 5047 0
CHS HOLDING CORPORATION COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STRIDE RITE CORP COM 863314100 4668 466845 SH DEFINED 02 409440 3900 53505
STRYKER CORP COM 863667101 788 26400 SH DEFINED 02 800 400 25200
SUBURBAN BANCSHARES INC COM 864350103 36 15000 SH DEFINED 02 15000 0 0
SUN MICROSYSTEMS INC COM 866810104 331 12900 SH DEFINED 02 3900 7800 1200
SUNTRUST BKS INC COM 867914103 9274 188309 SH DEFINED 02 149517 20200 18592
SYBRON INTL CORP - WISCONSIN COM 87114F106 488 14800 SH DEFINED 02 0 5000 9800
SYLVAN LEARNING SYS INC COM 871399101 235 8250 SH DEFINED 02 3000 1200 4050
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 336 10300 SH DEFINED 02 2400 3500 4400
SYSCO CORP COM 871829107 26 800 SH DEFINED 03 800 0 0
TECO ENERGY INC COM 872375100 314 13019 SH DEFINED 02 6908 3656 2455
TECO ENERGY INC COM 872375100 48 2000 SH DEFINED 03 2000 0 0
TRW INC COM 872649108 390 7888 SH DEFINED 02 4128 1760 2000
TAMBRANDS INC COM 875080103 13247 324109 SH DEFINED 02 190884 66225 67000
TAMBRANDS INC COM 875080103 78 1900 SH DEFINED 03 1900 0 0
TECHNE CORP COM 878377100 392 15100 SH DEFINED 02 0 14700 400
TELLABS INC COM 879664100 340 9060 SH DEFINED 02 0 8660 400
TEMPLETON DEVELOPING MKTS TR COM 88018W104 1147 74515 SH DEFINED 02 74515 0 0
TEMPLETON FDS INC COM 880196209 433 41820 SH DEFINED 02 41820 0 0
TENET HEALTHCARE CORP SUB 88033GAD2 31 30000 PRN DEFINED 02 0 30000 0
TERADYNE INC COM 880770102 13387 549225 SH DEFINED 02 344750 75700 128775
TERADYNE INC COM 880770102 706 28975 SH DEFINED 03 27025 0 1950
TEXACO INC COM 881694103 2946 30031 SH DEFINED 02 7906 15480 6645
TEXACO INC COM 881694103 132 1350 SH DEFINED 03 1350 0 0
TEXAS INSTRUMENTS INC COM 882508104 259 4073 SH DEFINED 02 341 3600 132
TEXAS INSTRUMENTS INC COM 882508104 14 222 SH DEFINED 03 222 0 0
TEXAS UTILS CO COM 882848104 3331 81759 SH DEFINED 02 54499 18110 9150
TEXAS UTILS CO COM 882848104 268 6575 SH DEFINED 03 6375 0 200
THERMO ELECTRON CORP SUB 883556AE2 173 90000 PRN DEFINED 02 5000 50000 35000
THERMO ELECTRON CORP COM 883556102 405 9823 SH DEFINED 02 2512 2799 4512
THOMAS & BETTS CORP COM 884315102 6860 154610 SH DEFINED 02 79272 62680 12658
THOMAS & BETTS CORP COM 884315102 22 500 SH DEFINED 03 500 0 0
3COM CORP COM 885535104 425 5795 SH DEFINED 02 3000 2595 200
TIME WARNER INC COM 887315109 289 7711 SH DEFINED 02 625 5504 1582
TIMES MIRROR CO NEW COM 887364107 677 13611 SH DEFINED 02 2061 8000 3550
TIMKEN CO COM 887389104 12800 279794 SH DEFINED 02 191889 12350 75555
TIMKEN CO COM 887389104 425 9300 SH DEFINED 03 8750 0 550
TORCHMARK CORP COM 891027104 538 10673 SH DEFINED 02 0 5423 5250
TOYS R US INC COM 892335100 1605 53747 SH DEFINED 02 42510 7187 4050
TRANSAMERICA CORP COM 893485102 226 2862 SH DEFINED 02 1462 0 1400
TRAVELERS GROUP INC COM 894190107 4857 107059 SH DEFINED 02 18501 83158 5400
TRAVELERS GROUP INC COM 894190107 27 599 SH DEFINED 03 599 0 0
TRIBUNE CO COM 896047107 257 3261 SH DEFINED 02 0 0 3261
TUPPERWARE CORP COM 899896104 1164 21712 SH DEFINED 02 15046 3800 2866
TYCO INTL LTD COM 902120104 1264 23922 SH DEFINED 02 0 1100 22822
USX-MARATHON GROUP NEW COM 902905827 821 34421 SH DEFINED 02 29633 3441 1347
USX-MARATHON GROUP NEW COM 902905827 9 390 SH DEFINED 03 390 0 0
UNUM CORP COM 903192102 6214 86012 SH DEFINED 02 56064 15298 14650
<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
USF&G CORP COM 903290104 2779 133166 SH DEFINED 02 111754 15347 6065
UNILEVER N V COM 904784501 9435 53840 SH DEFINED 02 15668 20187 17985
UNION BK SWITZERLAND COM 9053H7AA4 0 1000000 SH DEFINED 02 1000000 0 0
UNION BK SWITZERLAND COM 9053H7AL0 0 16000000 SH DEFINED 02 3000000 0 3000000
UNION CAMP CORP COM 905530101 20444 428161 SH DEFINED 02 294256 55620 78285
UNION CAMP CORP COM 905530101 148 3100 SH DEFINED 03 3100 0 0
UNION NATL BANCORP INC COM 907103105 504 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 12067 200714 SH DEFINED 02 77056 84605 39053
UNION PAC CORP COM 907818108 6 100 SH DEFINED 03 100 0 0
UNION PAC RES GROUP INC COM 907834105 4817 166121 SH DEFINED 02 61774 71517 32830
UNION PAC RES GROUP INC COM 907834105 2 84 SH DEFINED 03 84 0 0
UNITED DOMINION RLTY TR INC COM 910197102 201 13000 SH DEFINED 02 0 1000 12000
UNITED DOMINION RLTY TR INC COM 910197102 3 200 SH DEFINED 03 200 0 0
UNITED PARACALE MNG CO COM 911990307 0 25834 SH DEFINED 02 25834 0 0
U S WEST INC COM 912889102 479 14875 SH DEFINED 02 6278 6483 2114
U S WEST INC COM 912889102 12 374 SH DEFINED 03 374 0 0
U S WEST INC COM 912889201 268 14628 SH DEFINED 02 5703 6511 2414
U S WEST INC COM 912889201 2 96 SH DEFINED 03 96 0 0
UNITED TECHNOLOGIES CORP COM 913017109 26113 394160 SH DEFINED 02 232456 101084 60620
UNIVERSAL CORP VA COM 913456109 729 22700 SH DEFINED 02 0 21800 900
UNIVERSAL FOODS CORP COM 913538104 7454 211485 SH DEFINED 02 147900 4600 58985
UNIVERSAL FOODS CORP COM 913538104 139 3940 SH DEFINED 03 3940 0 0
UNOCAL CORP COM 915289102 263 6466 SH DEFINED 02 2296 3215 955
V F CORP COM 918204108 7184 106444 SH DEFINED 02 66984 18860 20600
VANCE SANDERS EXCH FD COM 921902102 1856 4319 SH DEFINED 02 0 4319 0
VANGUARD SPECIALIZED COM 921908703 1696 134399 SH DEFINED 02 0 87712 46686
VANGUARD / WELLINGTON FD INC COM 921935102 234 8970 SH DEFINED 02 93 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 225 13563 SH DEFINED 02 2895 10668 0
VASTAR RES INC COM 922380100 266 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 407 5891 SH DEFINED 02 443 140 5307
VIACOM INC COM 925524308 525 15080 SH DEFINED 02 0 15080 0
WMX TECHNOLOGIES INC COM 92929Q107 858 26428 SH DEFINED 02 4300 7800 14328
WABAN INC SUB 929394AA2 124 115000 PRN DEFINED 02 100000 0 15000
WACHOVIA CORP NEW COM 929771103 9207 162972 SH DEFINED 02 58590 67157 37225
WACHOVIA CORP NEW COM 929771103 134 2370 SH DEFINED 03 2370 0 0
WAL MART STORES INC COM 931142103 12122 532850 SH DEFINED 02 262555 147000 123295
WAL MART STORES INC COM 931142103 174 7650 SH DEFINED 03 6250 0 1400
WALGREEN CO COM 931422109 499 12400 SH DEFINED 02 2000 1800 8600
WARBURG PINCUS COM 933908105 200 11845 SH DEFINED 02 0 11845 0
WARNER LAMBERT CO COM 934488107 35723 476317 SH DEFINED 02 196100 163094 117123
WARNER LAMBERT CO COM 934488107 30 400 SH DEFINED 03 400 0 0
WASHINGTON GAS LT CO COM 938837101 16 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 480 21248 SH DEFINED 02 11496 8244 1508
WASHINGTON GAS LT CO COM 938837101 72 3200 SH DEFINED 03 3200 0 0
WASHINGTON MUT INVS FD INC COM 939330106 1329 54196 SH DEFINED 02 28573 20412 5210
WASHINGTON POST CO COM 939640108 17758 52992 SH DEFINED 02 14555 5338 33099
WATERS CORP COM 941848103 278 9155 SH DEFINED 02 9155 0 0
WELLS FARGO & CO COM 949740104 337 1250 SH DEFINED 02 0 1250 0
WESTINGHOUSE ELEC CORP COM 960402105 252 12703 SH DEFINED 02 5448 4156 3099
WESTINGHOUSE ELEC CORP COM 960402105 60 3000 SH DEFINED 03 3000 0 0
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WESTLAND GARDENS CO COM 960990208 250 75 SH DEFINED 02 0 0 75
WESTVACO CORP COM 961548104 20385 709067 SH DEFINED 02 458368 104571 146128
WESTVACO CORP COM 961548104 196 6820 SH DEFINED 03 6820 0 0
WEYERHAEUSER CO COM 962166104 397 8400 SH DEFINED 02 1000 7400 0
WHIRLPOOL CORP COM 963320106 3536 75842 SH DEFINED 02 9300 45442 21100
WHITTAKER CORPORATION NEW COM 966680407 378 30000 SH DEFINED 02 0 30000 0
WINN DIXIE STORES INC COM 974280109 319 10104 SH DEFINED 02 7500 0 2604
WISCONSIN ENERGY CORP COM 976657106 13013 484211 SH DEFINED 02 300637 73555 110019
WISCONSIN ENERGY CORP COM 976657106 239 8910 SH DEFINED 03 8910 0 0
WITCO CORP COM 977385103 24676 809078 SH DEFINED 02 434120 196587 178371
WITCO CORP COM 977385103 64 2100 SH DEFINED 03 2100 0 0
WOLVERINE TUBE INC COM 978093102 428 12158 SH DEFINED 02 0 3008 9150
WORTHINGTON INDS INC COM 981811102 12948 714425 SH DEFINED 02 327700 190725 196000
WORTHINGTON INDS INC COM 981811102 318 17530 SH DEFINED 03 16630 0 900
WRIGLEY WM JR CO COM 982526105 353 6280 SH DEFINED 02 1960 3120 1200
XEROX CORP COM 984121103 1222 23234 SH DEFINED 02 6545 13689 3000
YORK INTL CORP NEW COM 986670107 427 7650 SH DEFINED 02 0 2350 5300
REPORT SUMMARY 717 DATA RECORDS 4435514 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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