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<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 09/30/97
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 10/30/97
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 531 28057 SH DEFINED 02 11429 13028 3600
AT&T CORP COM 001957109 27892 630332 SH DEFINED 02 356012 136634 137686
AT&T CORP COM 001957109 568 14879 SH DEFINED 03 14229 0 650
ATL ULTRASOUND INC COM 00207N100 1019 21806 SH DEFINED 02 8456 13350 0
ABB AB COM 00256Q103 10349 73140 SH DEFINED 02 31211 29714 12215
ABB AB COM 00256Q103 14 100 SH DEFINED 03 100 0 0
ABBOTT LABS COM 002824100 17572 274840 SH DEFINED 02 133693 88827 52320
ABBOTT LABS COM 002824100 259 4050 SH DEFINED 03 4050 0 0
ACNIELSON CORPORATION W/I COM 004833109 1771 73811 SH DEFINED 02 64324 8646 841
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 644 7914 SH DEFINED 02 2204 3750 1960
AHMANSON H F & CO COM 008677106 6044 106391 SH DEFINED 02 101816 2500 2075
AHMANSON H F & CO COM 008677106 225 3960 SH DEFINED 03 3760 0 200
AIR PRODS & CHEMS INC COM 009158106 32501 391885 SH DEFINED 02 251225 71252 69408
AIR PRODS & CHEMS INC COM 009158106 397 4790 SH DEFINED 03 4790 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 11419 322235 SH DEFINED 02 155333 93480 73422
AIRTOUCH COMMUNICATIONS INC COM 00949T100 23 636 SH DEFINED 03 556 0 80
AIRTOUCH COMMUNICATIONS CPF 00949T209 11784 361914 PRN DEFINED 02 280939 20350 60625
AIRTOUCH COMMUNICATIONS CPF 00949T209 651 20000 PRN DEFINED 03 19300 0 700
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 230 6600 SH DEFINED 02 0 6400 200
ALLEGHENY PWR SYS INC COM 017411109 447 14785 SH DEFINED 02 4532 8947 1306
ALLERGAN INC COM 018490102 694 19204 SH DEFINED 02 14654 4250 300
ALLIANCE CAP MGMT L P COM 018548107 225 6000 SH DEFINED 02 1000 5000 0
ALLIANCE FD COM 01859K105 121 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 1482 34872 SH DEFINED 02 12136 14784 7952
ALLIED SIGNAL INC COM 019512102 26 600 SH DEFINED 03 600 0 0
ALLSTATE CORP COM 020002101 5835 72600 SH DEFINED 02 33708 22357 16535
ALLSTATE CORP COM 020002101 325 4050 SH DEFINED 03 3700 0 350
ALLTRISTA CORP COM 020040101 508 19100 SH DEFINED 02 0 19100 0
ALTERA CORP COM 021441100 353 6900 SH DEFINED 02 0 6500 400
ALUMINUM CO AMER COM 022249106 6780 82690 SH DEFINED 02 41193 34400 7097
ALZA CORP SUB 022615AD0 527 525000 PRN DEFINED 02 10000 75000 440000
AMERADA HESS CORP COM 023551104 798 12946 SH DEFINED 02 970 11976 0
AMERICA ONLINE INC DEL COM 02364J104 452 6000 SH DEFINED 02 0 5000 1000
AMERICAN ASIATIC OIL CORP COM 023879109 0 155000 SH DEFINED 02 0 45000 110000
AMERICAN ELEC PWR INC COM 025537101 620 13642 SH DEFINED 02 4828 5241 3573
AMERICAN ELEC PWR INC COM 025537101 14 300 SH DEFINED 03 300 0 0
AMERICAN EXPRESS CO COM 025816109 5539 67658 SH DEFINED 02 32914 25952 8792
AMERICAN GENERAL CORP COM 026351106 14221 274150 SH DEFINED 02 115921 139305 18924
AMERICAN HOME PRODS CORP COM 026609107 112675 1543498 SH DEFINED 02 815174 510774 217550
AMERICAN HOME PRODS CORP COM 026609107 825 11300 SH DEFINED 03 10950 0 350
AMERICAN INTL GROUP INC COM 026874107 19545 189414 SH DEFINED 02 78170 69383 41861
AMERICAN INTL GROUP INC COM 026874107 497 4819 SH DEFINED 03 4292 0 525
AMERITECH CORP NEW COM 030954101 16625 250011 SH DEFINED 02 128488 92800 28723
AMERITECH CORP NEW COM 030954101 91 1372 SH DEFINED 03 1252 0 120
AMETEK INC NEW COM 031100100 206 8800 SH DEFINED 02 0 8800 0
AMGEN INC COM 031162100 11541 240755 SH DEFINED 02 160618 25710 54427
<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
AMGEN INC COM 031162100 284 5925 SH DEFINED 03 5800 0 125
AMP INC COM 031897101 43202 806584 SH DEFINED 02 455684 229546 121354
AMP INC COM 031897101 284 5300 SH DEFINED 03 5300 0 0
AMOCO CORP COM 031905102 65797 682724 SH DEFINED 02 378938 207841 95945
AMOCO CORP COM 031905102 799 8294 SH DEFINED 03 6694 0 1600
AMSOUTH BANCORPORATION COM 032165102 501 10354 SH DEFINED 02 0 7593 2761
ANADIGICS INC COM 032515108 354 7186 SH DEFINED 02 0 6736 450
ANALYSTS INTL CORP COM 032681108 277 7150 SH DEFINED 02 0 7150 0
ANHEUSER BUSCH COS INC COM 035229103 781 17310 SH DEFINED 02 400 12136 4774
AON CORP COM 037389103 220 4188 SH DEFINED 02 756 3432 0
AON CORP COM 037389103 12 225 SH DEFINED 03 225 0 0
APACHE CORP COM 037411105 1563 36467 SH DEFINED 02 2300 16067 18100
APPLIED INDL TECHNOLOGIES INC COM 03820C105 5474 158958 SH DEFINED 02 120612 21509 16837
APPLIED INDL TECHNOLOGIES INC COM 03820C105 71 2062 SH DEFINED 03 2062 0 0
ARCH COAL INC COM 039380100 1499 52512 SH DEFINED 02 51812 700 0
ARCHER DANIELS MIDLAND CO COM 039483102 450 18800 SH DEFINED 02 945 17855 0
GUINNESS PLC ORD GBP 0.25 COM 039600002 113 12000 SH DEFINED 02 0 12000 0
ATLANTIC RICHFIELD CO COM 048825103 52008 608726 SH DEFINED 02 360976 175832 71918
ATLANTIC RICHFIELD CO COM 048825103 957 11201 SH DEFINED 03 10601 0 600
ATMEL CORP COM 049513104 259 7120 SH DEFINED 02 0 6720 400
AUTODESK INC COM 052769106 13199 290890 SH DEFINED 02 183485 42350 65055
AUTODESK INC COM 052769106 216 4750 SH DEFINED 03 4750 0 0
AUTOLIV INC COM 052800109 1238 29140 SH DEFINED 02 15759 6196 7185
AVERY DENNISON CORP COM 053611109 738 18452 SH DEFINED 02 6800 6052 5600
AVNET INC COM 053807103 5828 91704 SH DEFINED 02 63575 9082 19047
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 473 7644 SH DEFINED 02 1190 612 5842
BAKER HUGHES INC COM 057224107 293 6692 SH DEFINED 02 3325 1576 1791
BALTIMORE CEMETERY COMPANY COM 058991100 2925 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 18600 670274 SH DEFINED 02 280186 264008 126080
BALTIMORE GAS & ELEC CO COM 059165100 42 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 581 10379 SH DEFINED 02 1884 6092 2403
BANK NEW YORK INC COM 064057102 385 8032 SH DEFINED 02 0 6232 1800
BANKAMERICA CORP COM 066050105 476 6496 SH DEFINED 02 1554 4180 762
BANKERS TR N Y CORP COM 066365107 1261 10308 SH DEFINED 02 1601 8707 0
BARD C R INC COM 067383109 605 17805 SH DEFINED 02 17605 0 200
BARNETT BKS INC COM 068055102 10512 148586 SH DEFINED 02 86955 46020 15611
BARNETT BKS INC COM 068055102 134 1898 SH DEFINED 03 1898 0 0
BAXTER INTL INC COM 071813109 2572 49230 SH DEFINED 02 27171 16647 5412
BEACON PPTYS CORP COM 073678104 206 4500 SH DEFINED 02 4000 500 0
BECKMAN INSTRS INC COM 075816108 1195 28083 SH DEFINED 02 18124 8655 1304
BECKMAN INSTRS INC COM 075816108 92 2170 SH DEFINED 03 2170 0 0
BECTON DICKINSON & CO COM 075887109 1275 26640 SH DEFINED 02 4800 18400 3440
BELL ATLANTIC CORP COM 077853109 14958 185964 SH DEFINED 02 88203 68421 29340
BELL ATLANTIC CORP COM 077853109 335 4165 SH DEFINED 03 4165 0 0
BELLSOUTH CORP COM 079860102 39034 843984 SH DEFINED 02 517552 197127 129305
BELLSOUTH CORP COM 079860102 639 13816 SH DEFINED 03 13266 0 550
BENCHMARK ELECTRS INC COM 08160H101 639 22700 SH DEFINED 02 0 21900 800
BENEFICIAL CORP COM 081721102 1431 18791 SH DEFINED 02 12589 4602 1600
BERKSHIRE HATHAWAY INC DEL COM 084670108 99904 2230 SH DEFINED 02 1 2229 0
<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 084670207 639 428 SH DEFINED 02 0 145 283
BEVERLY ENTERPRISES INC SUB 087851AB7 15 15000 PRN DEFINED 02 0 15000 0
BIOWHITTAKER INC COM 09066T108 241 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 2241 60184 SH DEFINED 02 36079 10241 13864
BLOCK H & R INC COM 093671105 200 5200 SH DEFINED 02 700 0 4500
BLOUNT INTL INC COM 095177101 751 14900 SH DEFINED 02 0 14900 0
BOEING CO COM 097023105 13426 246633 SH DEFINED 02 173618 42464 30551
BOEING CO COM 097023105 408 7505 SH DEFINED 03 6805 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
BRISTOL MYERS SQUIBB CO COM 110122108 189315 2287795 SH DEFINED 02 1147000 979100 161695
BRISTOL MYERS SQUIBB CO COM 110122108 571 5700 SH DEFINED 03 55500 0 150
BRITISH PETE LTD COM 110889409 13499 148649 SH DEFINED 02 114961 15200 18488
BROOKLYN UN GAS CO COM 114259104 16011 479735 SH DEFINED 02 337649 80326 61760
BROOKLYN UN GAS CO COM 114259104 351 10850 SH DEFINED 03 10850 0 0
BROWN & SHARPE MFG CO SUB 115223AA7 4 4000 PRN DEFINED 02 4000 0 0
BROWNING FERRIS INDS INC COM 115885105 2577 67727 SH DEFINED 02 61758 1275 4694
BROWNING FERRIS INDS INC COM 115885105 174 4575 SH DEFINED 03 4575 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 2113 21870 SH DEFINED 02 5218 15164 1488
BURLINGTON NORTHN SANTA FE COM 12189T104 24 244 SH DEFINED 03 244 0 0
BURLINGTON RES INC COM 122014103 625 12196 SH DEFINED 02 0 8996 3200
BURMAH CASTROL PLC COM 122169303 12065 336312 SH DEFINED 02 188650 68705 78957
CCC INFORMATION SVCS GROUP INC COM 12487Q109 1234 58107 SH DEFINED 02 58107 0 0
CIGNA CORP COM 125509109 966 5187 SH DEFINED 02 424 64 4699
CPC INTL INC COM 126149103 21970 237193 SH DEFINED 02 123283 80772 33138
CPC INTL INC COM 126149103 151 1625 SH DEFINED 03 1625 0 0
CSX CORP COM 126408103 4256 72766 SH DEFINED 02 26231 28751 17784
CSX CORP COM 126408103 47 800 SH DEFINED 03 800 0 0
CVS CORPORATION DELAWARE COM 126650100 1221 21482 SH DEFINED 02 0 21482 0
CAMBRIDGE NEUROSCIENCE INC COM 132426107 22 10000 SH DEFINED 02 10000 0 0
CAMPBELL SOUP CO COM 134429109 635 12966 SH DEFINED 02 6000 900 6066
CANADIAN IMPERIAL BK COM 13606QA60 0 4500000 SH DEFINED 02 4500000 0 0
CANADIAN IMPERIAL BK COM 13606QC35 0 200000 SH DEFINED 02 200000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QH55 0 1500000 SH DEFINED 02 0 0 1500000
CANADIAN IMPERIAL BK COMM NY COM 13606QJ87 0 6000000 SH DEFINED 02 6000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QJ95 0 5000000 SH DEFINED 02 5000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QXU2 0 2000000 SH DEFINED 02 2000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QXX6 0 6000000 SH DEFINED 02 6000000 0 0
CANADIAN IMPERIAL BK COMM NY COM 13606QXU2 0 500000 SH DEFINED 02 0 0 500000
CANADIAN IMPERIAL BK COM 13606QZH9 0 2000000 SH DEFINED 02 0 0 2000000
CAPITAL EXCHANGE FD INC COM 140105107 565 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 2295 50182 SH DEFINED 02 29079 9946 11157
CAPITAL ONE FINL CORP COM 14040H105 41 900 SH DEFINED 03 900 0 0
CAROLINA PWR & LT CO COM 144141108 484 13460 SH DEFINED 02 4116 7588 1756
CATERPILLAR INC COM 149123101 29682 550305 SH DEFINED 02 433741 28200 88364
CATERPILLAR INC COM 149123101 151 2800 SH DEFINED 03 2800 0 0
CEDAR FAIR L P COM 150185106 238 5000 SH DEFINED 02 0 2000 3000
CENTRAL & SOUTH WEST CORP COM 152357109 553 24943 SH DEFINED 02 12095 8150 4698
CENTRAL & SOUTH WEST CORP COM 152357109 161 7256 SH DEFINED 03 7256 0 0
CENTRAL FID BKS INC COM 153469101 1246 28156 SH DEFINED 03 28156 0 0
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CHASE MANHATTAN CORP NEW COM 16161A108 648 5493 SH DEFINED 02 949 3131 1413
CHEVRON CORP COM 166751107 45047 542330 SH DEFINED 02 338881 121639 81810
CHEVRON CORP COM 166751107 14 168 SH DEFINED 03 168 0 0
CHIEFTAIN INTL FDG CORP CPF 168672202 224 6900 PRN DEFINED 02 0 1500 5400
CHINA INDL GROUP INC COM 169396108 0 25000 SH DEFINED 02 0 25000 0
CHIRON CORP COM 170040109 440 19472 SH DEFINED 02 14324 1200 3948
CHOCK FULL O NUTS CORP SUB 170268AC0 42 40000 PRN DEFINED 02 0 40000 0
CHRYSLER CORP COM 171196108 200 5446 SH DEFINED 02 2000 2200 1246
CHUBB CORP COM 171232101 48882 687883 SH DEFINED 02 459320 113741 114822
CHUBB CORP COM 171232101 317 4455 SH DEFINED 03 4455 0 0
CISCO SYS INC COM 17275R102 9831 134563 SH DEFINED 02 56550 41595 36418
CISCO SYS INC COM 17275R102 5 75 SH DEFINED 03 75 0 0
CITICORP COM 173034109 2880 21503 SH DEFINED 02 12860 7648 995
CITICORP COM 173034109 54 400 SH DEFINED 03 400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 741 11424 SH DEFINED 02 0 10492 932
COCA COLA CO COM 191216100 87394 1432694 SH DEFINED 02 650754 583412 198528
COCA COLA CO COM 191216100 477 7490 SH DEFINED 03 7190 0 300
COGNIZANT CORPORATION COM 192441103 15550 381606 SH DEFINED 02 332585 43080 5941
COLGATE PALMOLIVE CO COM 194162103 15828 227134 SH DEFINED 02 139530 50319 37285
COLGATE PALMOLIVE CO COM 194162103 609 8740 SH DEFINED 03 8240 0 500
COLUMBIA / HCA HEALTHCARE COM 197677107 519 18058 SH DEFINED 02 421 17637 0
COMCAST CORP COM 200300101 287 11200 SH DEFINED 02 0 10700 500
COMERICA INC COM 200340107 748 9488 SH DEFINED 02 5200 1048 3240
COMPASS CAP FDS COM 20449U506 798 33790 SH DEFINED 02 33790 0 0
COMPAQ COMPUTER CORP COM 204493100 337 4510 SH DEFINED 02 0 2500 2010
COMPUTER DATA SYS COM 205017106 852 20000 SH DEFINED 02 0 20000 0
COMPUTER SCIENCES CORP COM 205363104 290 4100 SH DEFINED 02 0 1100 3000
CONCORD EFS INC COM 206197105 1087 40295 SH DEFINED 02 0 38270 2025
CONSECO INC COM 208464107 1363 27892 SH DEFINED 02 12000 3136 12756
CONSOLIDATED EDISON CO N Y INC COM 209111103 248 7303 SH DEFINED 02 3946 1497 1860
CONSOLIDATED EDISON CO N Y INC COM 209111103 15 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 34 30000 PRN DEFINED 02 30000 0 0
CONSOLIDATED NAT GAS CO COM 209615103 5331 91618 SH DEFINED 02 40360 41956 9302
CONSOLIDATED NAT GAS CO COM 209615103 30 520 SH DEFINED 03 520 0 0
COOPER INDS INC COM 216669101 11985 221700 SH DEFINED 02 129019 66752 25929
COORS ADOLPH CO COM 217016104 284 7500 SH DEFINED 02 0 6000 1500
CORESTATES BK N A PHILADELPHIA COM 2186X6CV5 0 500000 SH DEFINED 02 0 0 500000
CORESTATES BK NA PHILADELPHIA COM 2186X6CD5 0 3000000 SH DEFINED 02 3000000 0 0
CORESTATES BK N A PHILADELPHIA COM 2186X6CV5 0 3500000 SH DEFINED 02 3500000 0 0
CORESTATES BK NA PHILADELPHIA COM 2186X6CR4 0 1000000 SH DEFINED 02 1000000 0 0
CORESTATES COM 2186X6DR3 0 2500000 SH DEFINED 02 2500000 0 0
CORESTATES COM 2186X6DU6 0 3000000 SH DEFINED 02 3000000 0 0
CORESTATES BK N A COM 2186X6DT9 0 2000000 SH DEFINED 02 2000000 0 0
CORESTSTATES COM 2186X6EE1 0 4500000 SH DEFINED 02 4500000 0 0
CORESTATES BK N A PHILADELPHIA COM 2186X6ED3 0 5000000 SH DEFINED 02 5000000 0 0
CORESTSTATES COM 2186X6EE1 0 2500000 SH DEFINED 02 2500000 0 0
CORESTATES FINL CORP COM 218695104 73287 1107273 SH DEFINED 02 653658 302396 151219
CORESTATES FINL CORP COM 218695104 660 9975 SH DEFINED 03 9675 0 300
CORNING DEL L P CPF 219319209 4252 56750 PRN DEFINED 02 49050 1000 6700
CORNING DEL L P CPF 219319209 217 2900 PRN DEFINED 03 2900 0 0
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CORNING INC COM 219350105 48956 1036112 SH DEFINED 02 627187 227039 181886
CORNING INC COM 219350105 743 15730 SH DEFINED 03 14930 0 800
COVANCE INC COM 222816100 4080 188684 SH DEFINED 02 151519 25551 11614
COX COMMUNICATIONS INC NEW COM 224044107 1147 41623 SH DEFINED 02 9325 22268 10030
CRESTAR FINL CORP COM 226091106 3526 75234 SH DEFINED 02 4952 14786 55496
CRESTAR FINL CORP COM 226091106 14 300 SH DEFINED 03 300 0 0
DPL INC COM 233293109 3977 162332 SH DEFINED 02 110224 24235 27873
DPL INC COM 233293109 115 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 4654 172772 SH DEFINED 02 91747 56700 24325
DSC COMMUNICATIONS COM 233311109 75 2800 SH DEFINED 03 2800 0 0
DANA CORP COM 235811106 4924 99740 SH DEFINED 02 58241 10750 30749
DAVIS N Y VENTURE FD INC COM 239080104 3783 162362 SH DEFINED 02 0 162362 0
DAVIS N Y VENTURE FD INC COM 239080401 7874 334809 SH DEFINED 02 0 0 334809
DAVIS SER INC COM 239103500 532 21805 SH DEFINED 02 0 0 21805
DEERE & CO COM 244199105 15780 293599 SH DEFINED 02 176334 67872 49393
DEERE & CO COM 244199105 11 200 SH DEFINED 03 200 0 0
DELAWARE GROUP DECATUR FD INC COM 245907100 212 9348 SH DEFINED 02 9348 0 0
DELMARVA PWR & LT CO COM 247109101 775 41109 SH DEFINED 02 10173 25150 5786
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
DELTA AIR LINES INC DEL COM 247361108 5605 59511 SH DEFINED 02 49302 7887 2322
DELTA AIR LINES INC DEL COM 247361108 40 425 SH DEFINED 03 425 0 0
DELTIC TIMBER CORP COM 247850100 1191 36458 SH DEFINED 02 31334 3813 1311
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 190 10000 SH DEFINED 02 3000 0 7000
DEVRY INC DEL COM 251893103 328 11000 SH DEFINED 02 0 1000 10000
DEXTER CORP COM 252165105 238 5950 SH DEFINED 02 550 4200 1200
DIAMOND OFFSHORE DRILLING INC COM 25271C102 275 5000 SH DEFINED 02 5000 0 0
DIGI INTL INC COM 253798102 155 10900 SH DEFINED 02 0 9900 1000
DIGITAL EQUIP CORP COM 253849103 3446 79578 SH DEFINED 02 65352 9376 4850
DIONEX CORP COM 254546104 269 5000 SH DEFINED 02 200 4000 800
DISNEY WALT CO COM 254687106 10176 126217 SH DEFINED 02 43734 49658 32825
DISNEY WALT CO COM 254687106 111 1376 SH DEFINED 03 1376 0 0
DOMINION RES INC VA COM 257470104 715 18882 SH DEFINED 02 9172 7256 2454
DOMINION RES INC VA COM 257470104 311 8221 SH DEFINED 03 8221 0 0
DONALDSON INC COM 257651109 725 15121 SH DEFINED 02 1124 600 13397
DONNELLEY R R & SONS CO COM 257867101 3517 98567 SH DEFINED 02 73200 23376 1991
DOVER CORP COM 260003108 16876 248637 SH DEFINED 02 129821 73216 45600
DOVER CORP COM 260003108 197 2905 SH DEFINED 03 2905 0 0
DOW CHEM CO COM 260543103 22040 243043 SH DEFINED 02 108014 115347 19682
DOW CHEM CO COM 260543103 54 600 SH DEFINED 03 600 0 0
DRESSER INDS INC COM 261597108 22082 513546 SH DEFINED 02 217340 196309 99897
DRESSER INDS INC COM 261597108 159 3700 SH DEFINED 03 3700 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 104442 1696526 SH DEFINED 02 940678 541590 214258
DU PONT E I DE NEMOURS & CO COM 263534109 919 14930 SH DEFINED 03 14130 0 800
DUFF & PHELPS UTILS INCOME INC COM 264324104 102 10465 SH DEFINED 02 2200 0 8265
DUFF & PHELPS UTILS INCOME INC COM 264324104 40 4137 SH DEFINED 03 3637 0 500
DUKE ENERGY CORP COM 264399106 8386 169643 SH DEFINED 02 94337 36343 38963
DUKE ENERGY CORP COM 264399106 104 2100 SH DEFINED 03 2100 0 0
DUN & BRADSTREET CORP COM 264830100 10823 381450 SH DEFINED 02 344585 30774 6091
E M C CORP MASS SUB 268648AC6 49 35000 PRN DEFINED 02 0 35000 0
E M C CORP MASS COM 268648102 305 5225 SH DEFINED 02 0 4100 1125
<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
EASTMAN CHEM CO COM 277432100 599 9676 SH DEFINED 02 3280 4638 1758
EASTMAN KODAK CO COM 277461109 17149 264090 SH DEFINED 02 125408 89851 48831
EASTMAN KODAK CO COM 277461109 300 4625 SH DEFINED 03 4275 0 350
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 3923 42476 SH DEFINED 02 29442 10734 2300
ELAN PLC ADR COM 284131208 370 7400 SH DEFINED 02 0 7100 300
ELECTRONIC DATA SYS CORP NEW COM 285661104 17641 496953 SH DEFINED 02 344302 74304 78347
ELECTRONIC DATA SYS CORP NEW COM 285661104 357 10065 SH DEFINED 03 9865 0 200
EMERSON ELEC CO COM 291011104 37534 651356 SH DEFINED 02 394266 144280 112810
EMERSON ELEC CO COM 291011104 112 1950 SH DEFINED 03 1950 0 0
ENRON CORP COM 293561106 15960 414564 SH DEFINED 02 233476 86612 94476
ENRON CORP COM 293561106 284 7375 SH DEFINED 03 7375 0 0
EQUITABLE RES INC COM 294549100 8423 267413 SH DEFINED 02 150162 78705 38546
ERICSSON L M TEL CO COM 294821400 23502 490277 SH DEFINED 02 203310 194032 92935
ERICSSON L M TEL CO COM 294821400 12 250 SH DEFINED 03 250 0 0
EURO PAC GROWTH FD COM 298706102 1840 62000 SH DEFINED 02 62000 0 0
EXXON CORP COM 302290101 194097 3029816 SH DEFINED 02 1514441 1086901 428474
EXXON CORP COM 302290101 1240 19352 SH DEFINED 03 18852 0 700
F&M BANCORP COM 302367107 1503 45225 SH DEFINED 02 3845 41380 0
FPL GROUP INC COM 302571104 516 10071 SH DEFINED 02 6650 1966 1455
FCNB CORP COM 302920103 384 11060 SH DEFINED 02 10700 360 0
FASTENAL CO COM 311900104 1945 36530 SH DEFINED 02 0 32050 4480
FEDERAL HOME LN MTG CORP COM 313400301 1936 54924 SH DEFINED 02 7200 47724 0
FEDERAL NATL MTG ASSN COM 313586109 586 12485 SH DEFINED 02 800 1575 10110
FIELDCREST CANNON INC SUB 316549AB0 956 1125000 PRN DEFINED 02 955000 80000 90000
FIRST AMER BK CORP COM 318906104 322 6000 SH DEFINED 02 6000 0 0
FIRST CHICAGO NBD CORP COM 31945A100 247 3285 SH DEFINED 02 2700 463 122
FIRST DATA CORP COM 319963104 1038 27650 SH DEFINED 02 9056 12550 6044
FIRST UN CORP COM 337358105 986 19696 SH DEFINED 02 10300 160 9236
FIRST UN CORP COM 337358105 60 1200 SH DEFINED 03 1200 0 0
FIRST VA BKS INC COM 337477103 258 5435 SH DEFINED 02 0 5435 0
FIRST VA BKS INC COM 337477103 98 2062 SH DEFINED 03 2062 0 0
FIRSTAR CORP NEW COM 33761C103 681 18792 SH DEFINED 02 0 0 18792
FISERV INC COM 337738108 386 8800 SH DEFINED 02 0 8350 450
FLAG INVS TEL INCOME FD INC COM 338331101 1265 65403 SH DEFINED 02 23353 42049 0
FLEETWOOD ENTERPRISES INC COM 339099103 4819 143600 SH DEFINED 02 33300 77400 32900
FLORIDA EAST COAST INDS INC COM 340632108 446 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 348 10572 SH DEFINED 02 1700 8872 0
FORD MTR CO DEL COM 345370100 595 13192 SH DEFINED 02 3928 3740 5524
FORD MTR CO DEL COM 345370100 81 1792 SH DEFINED 03 1792 0 0
FORTUNE BRANDS INC COM 349631101 5634 167271 SH DEFINED 02 90664 43231 33376
FORTUNE BRANDS INC COM 349631101 62 1850 SH DEFINED 03 1650 0 200
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 250 8707 SH DEFINED 02 1018 5445 2244
GTE CORP COM 362320103 35754 787968 SH DEFINED 02 411833 245033 131102
GTE CORP COM 362320103 708 15599 SH DEFINED 03 14899 0 700
GALLAHER GROUP PLC COM 363595109 2779 144851 SH DEFINED 02 90859 32476 21516
GALLAHER GROUP PLC COM 363595109 30 1550 SH DEFINED 03 1350 0 200
GANNETT INC COM 364730101 17901 165847 SH DEFINED 02 91317 57836 16694
GARDNER DENVER MACHY INC COM 365558105 2372 70430 SH DEFINED 02 40 70342 48
GENERAL DYNAMICS CORP COM 369550108 438 5000 SH DEFINED 02 0 5000 0
<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
GENERAL ELEC CO COM 369604103 265863 3906160 SH DEFINED 02 1936894 1525693 443573
GENERAL ELEC CO COM 369604103 2283 33543 SH DEFINED 03 32943 0 600
GENERAL MILLS INC COM 370334104 1180 17126 SH DEFINED 02 11563 4550 1013
GENERAL MOTORS CORP COM 370442105 8802 131510 SH DEFINED 02 87359 20881 23270
GENERAL MOTORS CORP COM 370442105 299 4474 SH DEFINED 03 4464 0 10
GENERAL RE CORP COM 370563108 46505 234284 SH DEFINED 02 157273 46939 30072
GENUINE PARTS CO COM 372460105 11108 360533 SH DEFINED 02 211518 105856 43159
GENUINE PARTS CO COM 372460105 14 449 SH DEFINED 03 449 0 0
GENZYME CORP COM 372917104 2256 75848 SH DEFINED 02 24698 13200 37950
GENZYME CORP COM 372917104 125 4200 SH DEFINED 03 3900 0 300
GEORGIA PAC CORP COM 373298108 642 6153 SH DEFINED 02 2019 3262 872
GIANT FOOD INC COM 374478105 9401 288709 SH DEFINED 02 117264 135095 36350
GIANT FOOD INC COM 374478105 5 150 SH DEFINED 03 150 0 0
GILLETTE CO COM 375766102 8084 93665 SH DEFINED 02 7432 51150 35083
GILLETTE CO COM 375766102 138 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 2062 92944 SH DEFINED 02 72734 16710 3500
GLAXO WELLCOME PLC COM 37733W105 238 5300 SH DEFINED 02 200 3000 2100
GOODYEAR TIRE & RUBR CO COM 382550101 314 4576 SH DEFINED 02 554 3123 899
GRACE W R & CO DEL COM 383911104 794 10791 SH DEFINED 02 54 10497 240
GRAINGER W W INC COM 384802104 5464 61404 SH DEFINED 02 17787 20908 22709
GRAINGER W W INC COM 384802104 197 2210 SH DEFINED 03 1960 0 250
GREAT LAKES CHEM CORP COM 390568103 486 9856 SH DEFINED 02 1256 8500 100
GREENERY REHABILITATION GROUP SUB 394797AB0 156 195000 PRN DEFINED 02 150000 0 45000
APACHE CORP CONV SUB DEB SUB 401436II3 27 20000 PRN DEFINED 02 0 20000 0
HFS INC COM 404181109 1164 15640 SH DEFINED 02 4743 8900 1997
HSB GROUP INC COM 40428N109 7178 128900 SH DEFINED 02 101125 16300 11475
HALLIBURTON CO COM 406216101 20742 398890 SH DEFINED 02 283390 55016 60484
HARSCO CORP COM 415864107 5431 119708 SH DEFINED 02 72038 32140 15530
HARTFORD FINANCIAL SVCS GRP COM 416515104 1710 19879 SH DEFINED 02 6308 7360 6211
CETUS CORP SUB DEB CONV SUB 418589II0 135 135000 PRN DEFINED 02 86000 0 49000
HARVEST OFFICE BLDG INVT SUB 419990023 6250 25000 PRN DEFINED 02 25000 0 0
HEALTH CARE PPTY INVS INC COM 421915109 435 11250 SH DEFINED 02 3400 6100 1750
HEALTHDYNE INFORMATION COM 422204107 88 30000 SH DEFINED 02 0 0 30000
HEINZ H J CO COM 423074103 1599 34628 SH DEFINED 02 6156 21222 7250
HERCULES INC SUB 427056AK2 33 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 889 17888 SH DEFINED 02 6275 9825 1788
HERSHEY FOODS CORP COM 427866108 11708 207231 SH DEFINED 02 134957 43499 28775
HEWLETT PACKARD CO COM 428236103 74872 1076333 SH DEFINED 02 734726 212793 128814
HEWLETT PACKARD CO COM 428236103 729 10485 SH DEFINED 03 9885 0 600
HILTON HOTELS CORP COM 432848109 215 6400 SH DEFINED 02 1200 5200 0
HOME DEPOT INC COM 437076102 5573 106934 SH DEFINED 02 22612 47311 37011
HOME DEPOT INC COM 437076102 214 4098 SH DEFINED 03 3873 0 225
HOMESTAKE MNG CO COM 437614100 2204 143407 SH DEFINED 02 132707 3600 7100
HONEYWELL INC COM 438506107 2463 36664 SH DEFINED 02 12966 16232 7466
HOUSEHOLD INTL CORP COM 441815107 494 4369 SH DEFINED 02 0 1969 2400
HOUSTON INDS INC COM 442161105 430 19799 SH DEFINED 02 10425 6974 2400
HOUSTON INDS INC COM 442161105 44 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 6093 131757 SH DEFINED 02 48208 42418 41131
HUMANA INC COM 444859102 214 9000 SH DEFINED 02 0 9000 0
ICN PHARMACEUTICALS INC NEW SUB 448924AA8 22 10000 PRN DEFINED 02 0 10000 0
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ITT INDS INC COM 450911102 476 14365 SH DEFINED 02 6008 3660 4697
ITT CORP NEW COM 450912100 936 13825 SH DEFINED 02 6258 3360 4207
ILLINOIS TOOL WORKS INC COM 452308109 12576 253105 SH DEFINED 02 173950 40220 38935
IMATION CORP COM 45245A107 794 29897 SH DEFINED 02 8155 19906 1836
IMMUNEX CORP NEW COM 452528102 773 11500 SH DEFINED 02 0 11500 0
IMPERIAL CHEM INDS PLC COM 452704505 6218 94046 SH DEFINED 02 49096 29800 15150
INCOME TR COM 45336X636 4 10000 SH DEFINED 02 0 10000 0
INGERSOLL RAND CO COM 456866102 21740 504863 SH DEFINED 02 201253 187596 116014
INGERSOLL RAND CO COM 456866102 203 4723 SH DEFINED 03 4723 0 0
INTEL CORP COM 458140100 101899 1103849 SH DEFINED 02 789004 185017 129828
INTEL CORP COM 458140100 1153 12490 SH DEFINED 03 11590 50 850
INTERNATIONAL BUSINESS MACHS COM 459200101 90165 850614 SH DEFINED 02 413707 311790 125117
INTERNATIONAL BUSINESS MACHS COM 459200101 356 3360 SH DEFINED 03 3360 0 0
INTERNATIONAL FLAVORS & COM 459506101 301 6154 SH DEFINED 02 0 4950 1204
INTERNATIONAL PAPER CO COM 460146103 1100 20008 SH DEFINED 02 7644 7764 4600
INTUIT COM 461202103 243 7596 SH DEFINED 02 7596 0 0
INVESTMENT CO AMER COM 461308108 412 13533 SH DEFINED 02 13533 0 0
IONICS INC COM 462218108 261 5900 SH DEFINED 02 3000 2900 0
JDN RLTY CORP COM 465917102 288 8650 SH DEFINED 02 0 4750 3900
JEFFERSON PILOT CORP COM 475070108 28860 365324 SH DEFINED 02 281290 41809 42225
JEFFERSON PILOT CORP COM 475070108 269 3400 SH DEFINED 03 3400 0 0
ROUSE CO SUB 475447II1 134 125000 PRN DEFINED 02 0 0 125000
JOHNSON & JOHNSON COM 478160104 102177 1771221 SH DEFINED 02 1022887 458126 290208
JOHNSON & JOHNSON COM 478160104 399 6910 SH DEFINED 03 6910 0 0
JOHNSON CTLS INC COM 478366107 3557 71783 SH DEFINED 02 33672 24076 14035
JOHNSON CTLS INC COM 478366107 159 3200 SH DEFINED 03 3200 0 0
K N ENERGY INC COM 482620101 2103 45980 SH DEFINED 02 22952 18178 4850
KAMAN CORP SUB 483548AC7 166 173000 PRN DEFINED 02 118000 0 55000
KAMAN CORP COM 483548103 1548 84247 SH DEFINED 02 81747 1000 1500
KAMAN CORP CPF 483548509 3462 46951 PRN DEFINED 02 42522 500 3929
S KANN SONS CO COM STPD COM 483996104 4744 93026 SH DEFINED 02 5280 87626 120
KAUFMANN FD INC COM 486250103 215 31205 SH DEFINED 02 0 31205 0
KELLOGG CO COM 487836108 1954 46400 SH DEFINED 02 17000 27000 2400
KEYCORP NEW COM 493267108 486 7645 SH DEFINED 02 0 2903 4742
KEYSTONE FINL INC COM 493482103 517 13705 SH DEFINED 02 2941 10764 0
KIMBERLY CLARK CORP COM 494368103 3569 72940 SH DEFINED 02 17380 39618 15942
KIMBERLY CLARK CORP COM 494368103 29 600 SH DEFINED 03 600 0 0
KOLLMORGEN CORP SUB 500440AA0 8 8000 PRN DEFINED 02 8000 0 0
KOPP GLASS INC COM 500990106 326 33950 SH DEFINED 02 33950 0 0
KRUPP INSD MTG LTD PARTNERSHIP COM 501120109 122 12500 SH DEFINED 02 12500 0 0
KRUPP INSD PLUS-II LTD COM 501125108 222 20000 SH DEFINED 02 0 0 20000
KRUGERRAND WHOLE SUB 501990501 5 1712 PRN DEFINED 02 323 1387 2
LEGG MASON VALUE TR INC COM 524659109 305 6590 SH DEFINED 02 3412 3022 155
LEGGETT & PLATT INC COM 524660107 1069 24000 SH DEFINED 02 0 24000 0
LEGG MASON INC COM 524901105 362 6868 SH DEFINED 02 1012 4789 1066
LEUCADIA NATL CORP COM 527288104 1861 54150 SH DEFINED 02 0 30000 24150
LILLY ELI & CO COM 532457108 6991 57777 SH DEFINED 02 30576 24596 2605
LINCOLN NATL CORP IND COM 534187109 11850 170203 SH DEFINED 02 107628 48000 14575
LINCOLN NATL CORP IND COM 534187109 369 5300 SH DEFINED 03 4800 0 500
LINEAR TECHNOLOGY CORP COM 535678106 276 4025 SH DEFINED 02 0 3725 300
<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
LOCKHEED MARTIN CORP COM 539830109 8384 78634 SH DEFINED 02 32128 25830 20676
LOCKHEED MARTIN CORP COM 539830109 197 1850 SH DEFINED 03 1850 0 0
LOUISIANA LD & EXPL CO COM 546268103 203 2600 SH DEFINED 02 0 1400 1200
LUBRIZOL CORP COM 549271104 1784 42477 SH DEFINED 02 11517 28200 2760
LUCENT TECHNOLOGIES INC COM 549463107 25802 317080 SH DEFINED 02 173930 79088 64062
LUCENT TECHNOLOGIES INC COM 549463107 275 3384 SH DEFINED 03 3255 0 129
MBIA INC COM 55262C100 714 5700 SH DEFINED 02 0 550 5150
MBNA CORP COM 55262L100 246 6075 SH DEFINED 02 675 675 4725
MCI COMMUNICATIONS CORP COM 552673105 17234 586723 SH DEFINED 02 406790 89450 90483
MCI COMMUNICATIONS CORP COM 552673105 6 200 SH DEFINED 03 200 0 0
MSD&T FNDS INC GROWTH & COM 553537507 12976 637054 SH DEFINED 02 121580 0 515474
MSD&T FNDS INC INTL EQUITY COM 553537804 4897 357515 SH DEFINED 02 291009 6396 60110
MSD&T DIVERSIFIED REAL SUB 553537846 54 500000 PRN DEFINED 02 500000 0 0
MSD&T FNDS INC INTL EQUITY COM 553537804 35697 2605688 SH DEFINED 02 1589129 802803 213755
MSD&T DIVERSIFIED REAL SUB 553537846 2 24533 PRN DEFINED 02 0 0 24533
MSD&T FNDS INC INTL EQUITY COM 553537804 357 26094 SH DEFINED 02 16022 2391 7681
MSD&T DIVERSIFIED REAL SUB 553537846 2 20000 PRN DEFINED 02 0 20000 0
MSD&T FNDS INC INTL EQUITY COM 553537804 13776 1005547 SH DEFINED 02 405466 220635 379446
MACNEAL SCHWENDLER CORP SUB 554806AA7 20 20000 PRN DEFINED 02 0 20000 0
MACROCHEM CORP DEL COM 555903103 262 30000 SH DEFINED 02 0 30000 0
MACROCHEM CORP DEL COM 555903129 60 10000 SH DEFINED 02 0 10000 0
MACROCHEM CORP DEL COM 555903137 40 10000 SH DEFINED 02 0 10000 0
MAGNA GROUP INC COM 559214101 249 6339 SH DEFINED 02 5680 659 0
MANOR CARE INC COM 564054104 423 12731 SH DEFINED 02 0 1850 10881
MARK IV INDS INC COM 570387100 918 34169 SH DEFINED 02 0 34169 0
MARSH & MCLENNAN COS INC COM 571748102 28150 367378 SH DEFINED 02 237520 96754 33104
MARSH & MCLENNAN COS INC COM 571748102 19 250 SH DEFINED 03 250 0 0
MASCO CORP SUB 574599AG1 2287 2042000 PRN DEFINED 02 1302000 385000 355000
MASCO CORP COM 574599106 357 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 592 20594 SH DEFINED 02 15737 4857 0
MATRIA HEALTHCARE INC COM 576817100 180 30000 SH DEFINED 02 0 0 30000
MATTEL INC COM 577081102 626 18913 SH DEFINED 02 1293 7425 10195
MAY DEPT STORES CO COM 577778103 54271 995805 SH DEFINED 02 453006 433894 108905
MAY DEPT STORES CO COM 577778103 227 4175 SH DEFINED 03 3975 0 200
MAYTAG CORP COM 578592107 343 10059 SH DEFINED 02 7800 1909 350
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 10731 445982 SH DEFINED 02 283103 132967 29912
MCCORMICK & CO INC COM 579780206 107 4430 SH DEFINED 03 4430 0 0
MCDONALDS CORP COM 580135101 4362 91595 SH DEFINED 02 45937 15300 30358
MCDONALDS CORP COM 580135101 66 1390 SH DEFINED 03 1390 0 0
MCGRAW HILL COS INC COM 580645109 239 3531 SH DEFINED 02 0 3331 200
MCKESSON CORP NEW COM 581557105 1146 11244 SH DEFINED 02 0 11244 0
MEAD CORP COM 582834107 308 4276 SH DEFINED 02 1900 1576 800
MEDICAL CTR INS CO LTD COM 584990105 15 125000 SH DEFINED 02 125000 0 0
MEDTRONIC INC COM 585055106 1178 24998 SH DEFINED 02 200 3600 21198
MELLON BK CORP COM 585509102 352 6440 SH DEFINED 02 300 6140 0
MERCANTILE BANCORPORATION INC COM 587342106 306 4030 SH DEFINED 02 3200 830 0
MERCANTILE BANKSHARES CORP COM 587405101 87448 2690729 SH DEFINED 02 1226497 1144796 319436
<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
MERCANTILE BANKSHARES CORP COM 587405101 6249 192268 SH DEFINED 03 88045 0 104223
MERCK & CO INC COM 589331107 180455 1805679 SH DEFINED 02 865363 629018 311298
MERCK & CO INC COM 589331107 678 6785 SH DEFINED 03 6335 0 450
MERRILL LYNCH & CO INC COM 590188108 1572 21200 SH DEFINED 02 0 20800 400
MICROSOFT CORP COM 594918104 9133 69027 SH DEFINED 02 40000 12270 16757
MICROSOFT CORP COM 594918104 7 50 SH DEFINED 03 50 0 0
MID-ATLANTIC RLTY TR COM 595232109 166 12462 SH DEFINED 02 7705 3893 864
MILLIPORE CORP COM 601073109 1050 21392 SH DEFINED 02 1600 9200 10592
MINNESOTA MNG & MFG CO COM 604059105 75493 816702 SH DEFINED 02 455695 237694 123313
MINNESOTA MNG & MFG CO COM 604059105 467 5048 SH DEFINED 03 4598 0 450
MOBIL CORP COM 607059102 54043 730320 SH DEFINED 02 412883 210882 106555
MOBIL CORP COM 607059102 368 4970 SH DEFINED 03 4970 0 0
MOLEX INC COM 608554101 357 8047 SH DEFINED 02 608 3125 4314
MOLEX INC COM 608554200 835 20507 SH DEFINED 02 608 5562 14337
MONSANTO CO COM 611662107 1155 29640 SH DEFINED 02 5100 19020 5520
MONSANTO CO COM 611662107 14 350 SH DEFINED 03 350 0 0
MORGAN J P & CO INC COM 616880100 33399 293944 SH DEFINED 02 193858 52931 47155
MORGAN J P & CO INC COM 616880100 457 4020 SH DEFINED 03 4020 0 0
MORGAN GTY TR CO COM 61736FBT5 0 4000000 SH DEFINED 02 4000000 0 0
MORGAN STANLEY DEAN WITTER COM 617446448 1031 19074 SH DEFINED 02 14146 1332 3596
MORTON INTL INC NEW COM 619335102 3677 103964 SH DEFINED 02 54750 22764 26450
MOTOROLA INC SUB 620076AJ8 84 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 73456 1022009 SH DEFINED 02 593761 264084 164164
MOTOROLA INC COM 620076109 815 11340 SH DEFINED 03 10590 0 750
MURPHY OIL CORP COM 626717102 13603 238134 SH DEFINED 02 174825 29955 33354
MURPHY OIL CORP COM 626717102 74 1300 SH DEFINED 03 1300 0 0
MYLAN LABS INC COM 628530107 379 16900 SH DEFINED 02 4500 12400 0
NCR CORP NEW COM 62886E108 288 8272 SH DEFINED 02 2294 2514 3464
NAC RE CORP SUB 628907AC1 75 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 735 11941 SH DEFINED 02 8402 2586 953
NATIONSBANK CORP COM 638585109 6820 110234 SH DEFINED 02 13238 89190 7806
NATIONSBANK CORP COM 638585109 125 2014 SH DEFINED 03 2014 0 0
NATIONWIDE HEALTH PPTYS INC COM 638620104 399 16600 SH DEFINED 02 0 14600 2000
NESTLE S A COM 641069406 29216 418868 SH DEFINED 02 223782 129504 65582
NESTLE S A COM 641069406 373 5350 SH DEFINED 03 5000 0 350
NEUBERGER & BERMAN EQUITY FDS COM 641224100 901 53413 SH DEFINED 02 53413 0 0
NEW CENTY ENERGIES INC COM 64352U103 414 9982 SH DEFINED 02 4857 4362 763
NEW ENGLAND ELEC SYS COM 644001109 533 13588 SH DEFINED 02 4145 7760 1683
NEWELL CO COM 651192106 5737 143435 SH DEFINED 02 30600 55997 56838
NEWPARK RES INC COM 651718504 265 6750 SH DEFINED 02 0 1900 4850
NEWPORT NEWS SHIPBUILDING INC COM 652228107 1146 48644 SH DEFINED 02 24 48620 0
NEWS CORP LTD COM 652487802 3487 194450 SH DEFINED 02 91150 82150 21150
NOKIA CORP COM 654902204 501 5344 SH DEFINED 02 0 5044 300
NORAM ENERGY CORP SUB 655419AC3 4 5000 PRN DEFINED 02 5000 0 0
NORDSTROM INC COM 655664100 20106 315402 SH DEFINED 02 233246 16200 65956
NORDSTROM INC COM 655664100 467 7325 SH DEFINED 03 7125 0 200
NORFOLK SOUTHERN CORP COM 655844108 30303 293496 SH DEFINED 02 164851 85854 42791
NORFOLK SOUTHERN CORP COM 655844108 422 4085 SH DEFINED 03 3935 0 150
NORTHERN STS PWR CO MINN COM 665772109 1598 32125 SH DEFINED 02 10848 18617 2660
<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
NORTHERN TR CORP COM 665859104 1182 20000 SH DEFINED 02 0 9000 11000
NOVACARE INC SUB 669930AA7 1429 1505000 PRN DEFINED 02 1485000 20000 0
OHM CORP SUB 670839AA7 19 20000 PRN DEFINED 02 20000 0 0
OAKWOOD HOMES CORP COM 674098108 202 7124 SH DEFINED 02 0 6324 800
OLIN CORP COM 680665205 12266 262032 SH DEFINED 02 107498 151950 2584
OMNICARE INC COM 681904108 611 18800 SH DEFINED 02 0 17700 1100
OMNICOM GROUP INC COM 681919106 1089 14978 SH DEFINED 02 2100 1803 11075
ORACLE CORP COM 68389X105 212 5839 SH DEFINED 02 0 3075 2764
ORION CAP CORP COM 686268103 524 11578 SH DEFINED 02 11578 0 0
PG&E CORP COM 69331C108 259 11177 SH DEFINED 02 2000 7700 1477
PG&E CORP COM 69331C108 19 800 SH DEFINED 03 800 0 0
PNC BK CORP SUB 693475AA3 21 5000 PRN DEFINED 02 5000 0 0
PNC BK CORP COM 693475105 1777 36422 SH DEFINED 02 26106 6463 3853
P P & L RES INC COM 693499105 271 12406 SH DEFINED 02 4501 5472 2433
PPG INDS INC COM 693506107 11068 176561 SH DEFINED 02 99087 50388 27086
PPG INDS INC COM 693506107 9 150 SH DEFINED 03 150 0 0
PUBLIX SUPER MARKETS INC COM 694000993 1497 65091 SH DEFINED 03 65091 0 0
PACIFIC GATEWAY EXCHANGE INC COM 694327107 546 13970 SH DEFINED 02 0 13470 500
PACIFICORP COM 695114108 10828 483935 SH DEFINED 02 306227 95140 82568
PACIFICORP COM 695114108 425 18990 SH DEFINED 03 17890 0 1100
PALM BEACH NATL HLDG CO COM 696595107 1163 77594 SH DEFINED 02 0 77594 0
PATRIOT AMERN HOSPITALITY INC COM 703352203 223 6998 SH DEFINED 02 6998 0 0
PAYLESS SHOESOURCE INC COM 704379106 700 11728 SH DEFINED 02 491 8003 3234
PENNEY J C INC COM 708160106 8256 141749 SH DEFINED 02 91200 28609 21940
PENNEY J C INC COM 708160106 425 7295 SH DEFINED 03 6770 0 525
PEP BOYS MANNY MOE & JACK SUB 713278AJ8 9 19000 PRN DEFINED 02 0 0 19000
PEPSICO INC COM 713448108 46852 1155061 SH DEFINED 02 735072 245430 174559
PEPSICO INC COM 713448108 418 10300 SH DEFINED 03 9800 0 500
PERKIN ELMER CORP COM 714041100 202 2766 SH DEFINED 02 1200 1200 366
PHARMACIA & UPJOHN INC COM 716941109 300 8227 SH DEFINED 02 2895 4277 1055
PFIZER INC COM 717081103 86172 1433220 SH DEFINED 02 643909 638510 150801
PFIZER INC COM 717081103 125 2085 SH DEFINED 03 2085 0 0
PHELPS DODGE CORP COM 717265102 2097 27022 SH DEFINED 02 22500 2150 2372
PHILIP MORRIS COS INC COM 718154107 98770 2376445 SH DEFINED 02 1526304 652504 197637
PHILIP MORRIS COS INC COM 718154107 514 12375 SH DEFINED 03 11925 0 450
PHILLIPS PETE CO COM 718507106 407 7900 SH DEFINED 02 1600 6000 300
PIONEER HI BRED INTL INC COM 723686101 591 6500 SH DEFINED 02 4500 600 1400
PITNEY BOWES INC COM 724479100 5657 68006 SH DEFINED 02 34740 12000 21266
PITNEY BOWES INC COM 724479100 8 100 SH DEFINED 03 100 0 0
PITTWAY CORP DEL COM 725790208 1289 19850 SH DEFINED 02 0 8250 11600
POTASH CORP SASK INC COM 73755L107 318 4054 SH DEFINED 02 0 1082 2972
POTLATCH CORP COM 737628107 4736 94134 SH DEFINED 02 40033 36169 17932
POTLATCH CORP COM 737628107 79 1575 SH DEFINED 03 1575 0 0
POTOMAC ELEC PWR CO COM 737679100 996 43785 SH DEFINED 02 22747 12292 8746
POTOMAC ELEC PWR CO COM 737679100 63 2764 SH DEFINED 03 2764 0 0
PRAXAIR INC COM 74005P104 298 5823 SH DEFINED 02 450 1250 4123
PREMARK INTL INC COM 740459102 443 13856 SH DEFINED 02 10090 2150 1616
PREMISYS COMMUNICATIONS INC COM 740584107 266 10490 SH DEFINED 02 0 9890 600
T ROWE PRICE ASSOC INC COM 741477103 11745 174654 SH DEFINED 02 1100 163300 10254
T ROWE PRICE GROWTH STK FD COM 741479109 822 25556 SH DEFINED 02 6734 18822 0
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PRIMEX TECHNOLOGIES INC COM 741597108 804 24938 SH DEFINED 02 9675 15005 258
PROCTER & GAMBLE CO COM 742718109 237922 3445035 SH DEFINED 02 1967783 1237352 239900
PROCTER & GAMBLE CO COM 742718109 473 6850 SH DEFINED 03 6550 0 300
PROTECTIVE LIFE CORP COM 743674103 1063 21056 SH DEFINED 02 0 1656 19400
PROVIDENT BANKSHARES CORP COM 743859100 928 16293 SH DEFINED 02 3119 13174 0
PSB HOLDING CORP COM 744057100 216 5400 SH DEFINED 02 0 5400 0
QUAKER OATS CO COM 747402105 513 10196 SH DEFINED 02 2260 6936 1000
QUAKER ST CORP COM 747410108 2212 129675 SH DEFINED 02 39700 30200 59775
QUALCOMM INC COM 747525103 619 9720 SH DEFINED 02 0 9320 400
QUEST DIAGNOSTICS INC COM 74834L100 1198 70769 SH DEFINED 02 53854 12354 4561
QUESTAR CORP COM 748356102 11444 282144 SH DEFINED 02 135050 95379 51715
QUESTAR CORP COM 748356102 225 5550 SH DEFINED 03 5550 0 0
RBB FD INC COM 749255105 254 13140 SH DEFINED 02 0 13140 0
RPM INC OHIO COM 749685103 6173 301152 SH DEFINED 02 129182 105405 66565
RALSTON PURINA CO COM 751277302 356 4024 SH DEFINED 02 1017 2707 300
RAYTHEON CO COM 755111101 9556 161634 SH DEFINED 02 105984 34600 21050
RAYTHEON CO COM 755111101 161 2730 SH DEFINED 03 2730 0 0
READERS DIGEST ASSN INC COM 755267101 2103 70131 SH DEFINED 02 52431 15250 2450
REGAL BELOIT CORP COM 758750103 2626 85400 SH DEFINED 02 22900 38500 24000
REGAL BELOIT CORP COM 758750103 55 1800 SH DEFINED 03 1800 0 0
REGIONS FINL CORP COM 758940100 32807 892724 SH DEFINED 02 506259 219309 167156
REGIONS FINL CORP COM 758940100 487 13240 SH DEFINED 03 13240 0 0
REPUBLIC INDS INC COM 760516104 2274 69059 SH DEFINED 02 25000 0 44059
REUTERS HLDGS PLC COM 761324201 217 3048 SH DEFINED 02 1800 416 832
REYNOLDS METALS CO COM 761763101 1061 14985 SH DEFINED 02 4742 6868 3375
RESERVOIR CAP CORP SUB 761990407 1 24250 PRN DEFINED 02 0 13500 10750
RHONE POULENC RORER INC COM 76242T104 204 2116 SH DEFINED 02 0 2116 0
ROCKWELL INTL CORP NEW COM 773903109 414 6584 SH DEFINED 02 5449 1035 100
ROHM & HAAS CO COM 775371107 634 6613 SH DEFINED 02 2108 3936 569
ROUSE CO COM 779273101 2067 66709 SH DEFINED 02 750 35750 30209
ROWE T PRICE CAP APPRECIATION COM 77954M105 177 10789 SH DEFINED 02 0 10789 0
T ROWE PRICE INTL FD INC COM 77956H203 208 13615 SH DEFINED 02 0 13063 552
T ROWE PRICE NEW HORIZONS FD COM 779562107 727 29035 SH DEFINED 02 0 23005 6029
ROYAL DUTCH PETE CO COM 780257804 3644 65673 SH DEFINED 02 19557 33284 12832
ROYAL DUTCH PETE CO COM 780257804 178 3200 SH DEFINED 03 3200 0 0
ROYCE FD COM 780905816 714 79009 SH DEFINED 02 0 79009 0
RUBBERMAID INC COM 781088109 4840 189372 SH DEFINED 02 153252 9100 27020
RUBBERMAID INC COM 781088109 164 6400 SH DEFINED 03 6400 0 0
SBC COMMUNICATIONS INC COM 78387G103 5993 97554 SH DEFINED 02 37901 47338 12315
SBC COMMUNICATIONS INC COM 78387G103 58 937 SH DEFINED 03 759 0 178
S & P 500 INDEX LEAPS-LSW COM 7839340XQ 52 15000 SH DEFINED 02 0 0 15000
SAFETY KLEEN CORP COM 786484105 3204 133861 SH DEFINED 02 119861 11500 2500
ST JUDE MED INC COM 790849103 316 9035 SH DEFINED 02 2550 2100 4385
ST JUDE MED INC COM 790849103 78 2230 SH DEFINED 03 2230 0 0
ST PAUL COS INC COM 792860108 391 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 83 55000 PRN DEFINED 02 10000 0 45000
SARA LEE CORP COM 803111103 2041 39637 SH DEFINED 02 4000 31524 4113
SARA LEE CORP COM 803111103 31 600 SH DEFINED 03 600 0 0
SCANA CORP COM 805898103 472 18870 SH DEFINED 02 10560 6900 1410
<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
SCANA CORP COM 805898103 50 2000 SH DEFINED 03 2000 0 0
SCHERING PLOUGH CORP COM 806605101 54407 1056461 SH DEFINED 02 282740 734901 38820
SCHERING PLOUGH CORP COM 806605101 10 200 SH DEFINED 03 200 0 0
SCHLUMBERGER COM 806857108 73527 873378 SH DEFINED 02 566098 206734 100546
SCHLUMBERGER COM 806857108 513 6100 SH DEFINED 03 6100 0 0
SCHULMAN A INC COM 808194104 674 31557 SH DEFINED 02 0 27011 4546
SCUDDER INTL FD INC COM 811165109 234 4287 SH DEFINED 02 4036 250 0
SEAGRAM LTD COM 811850106 229 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 1394 24483 SH DEFINED 02 13268 6147 5068
SEEQ TECHNOLOGY INC DEL COM 815779103 47 15000 SH DEFINED 02 15000 0 0
SEQUOIA FD INC COM 817418106 1371 11973 SH DEFINED 02 0 11973 0
SERVICE CORP INTL COM 817565104 758 23718 SH DEFINED 02 200 5350 18168
SERVICEMASTER LTD PARTNERSHIP COM 817615107 4061 142205 SH DEFINED 02 2363 49746 90096
SHAW INDS INC COM 820286102 136 10900 SH DEFINED 02 0 10900 0
SHERWIN WILLIAMS CO COM 824348106 917 31184 SH DEFINED 02 3184 14000 14000
SIGMA ALDRICH CORP COM 826552101 321 9750 SH DEFINED 02 0 1600 8150
SIGNET BKG CORP COM 826681108 4141 76333 SH DEFINED 02 40719 22573 13041
SIGNET BKG CORP COM 826681108 38 700 SH DEFINED 03 500 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 499 12370 SH DEFINED 02 0 11470 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 12274 251136 SH DEFINED 02 98134 86142 66860
SOLA INTL INC COM 834092108 498 14522 SH DEFINED 02 14522 0 0
SONAT INC COM 835415100 2174 42733 SH DEFINED 02 21055 20218 1460
SOUTHERN CO COM 842587107 564 25028 SH DEFINED 02 12532 7398 5098
SOUTHERN NEW ENGLAND COM 843485103 298 7300 SH DEFINED 02 5300 2000 0
SOUTHWEST AIRLS CO COM 844741108 18834 588570 SH DEFINED 02 487160 7700 93710
SOUTHWEST AIRLS CO COM 844741108 602 18825 SH DEFINED 03 17825 1000
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 80000 0 0
SPACELABS MED INC COM 846247104 475 21726 SH DEFINED 02 8456 13270 0
SPRINGS INDS INC COM 851783100 1184 22561 SH DEFINED 02 22397 164 0
SPRINT CORP COM 852061100 959 19192 SH DEFINED 02 7296 10296 1600
SPRINT CORP COM 852061100 8 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1483 1595000 PRN DEFINED 02 1365000 0 230000
STANLEY WKS COM 854616109 4648 108115 SH DEFINED 02 44565 43700 19850
STANLEY WKS COM 854616109 34 800 SH DEFINED 03 800 0 0
STAPLES INC SUB 855030AC6 12 10000 PRN DEFINED 02 0 0 10000
STATE STREET CORP COM 857477103 1192 19568 SH DEFINED 02 7000 12568 0
CHS HOLDING CORPORATION COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STRYKER CORP COM 863667101 917 21000 SH DEFINED 02 800 0 20200
STURM & DILLARD COMPANY COM 863992103 228 11 SH DEFINED 02 11 0 0
SUN INC COM 866762107 246 5624 SH DEFINED 02 1535 1130 2959
SUNTRUST BKS INC COM 867914103 15011 220959 SH DEFINED 02 183497 20450 17012
SUPERVALU INC COM 868536103 219 5600 SH DEFINED 02 0 5600 0
SUSQUEHANNA BANCSHARES INC PA COM 869099101 237 7719 SH DEFINED 02 0 0 7719
SWISS BANK CORP COM 8708H6HR2 0 1000000 SH DEFINED 02 1000000 0 0
SWISS BANK CORP COM 8708H7EN2 0 3000000 SH DEFINED 02 3000000 0 0
SWISS BK CORP COM 8708H7FG6 0 3000000 SH DEFINED 02 1000000 0 2000000
SWISS BK CORP N Y COM 8708H7JG2 0 5000000 SH DEFINED 02 5000000 0 0
SWISS BK CORP N Y COM 8708H7JN7 0 4500000 SH DEFINED 02 4500000 0 0
<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
SWISS BANK CORP COM 8708H7KU9 0 6000000 SH DEFINED 02 6000000 0 0
SWISS BANK CORP COM 8708H7MU7 0 2700000 SH DEFINED 02 0 0 2700000
SWISS BANK CORP COM 8708H7MN3 0 2500000 SH DEFINED 02 2500000 0 0
SWISS BANK CORP COM 8708H7MU7 0 1000000 SH DEFINED 02 1000000 0 0
SYBRON INTL CORP - WISCONSIN COM 87114F106 429 10000 SH DEFINED 02 0 5000 5000
SYLVAN LEARNING SYS INC COM 871399101 388 8850 SH DEFINED 02 3000 2100 3750
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 388 10525 SH DEFINED 02 2400 3000 5125
SYSCO CORP COM 871829107 30 800 SH DEFINED 03 800 0 0
TECO ENERGY INC COM 872375100 287 11750 SH DEFINED 02 7608 1600 2542
TECO ENERGY INC COM 872375100 49 2000 SH DEFINED 03 2000 0 0
TRW INC COM 872649108 432 7888 SH DEFINED 02 4128 1760 2000
TECHNE CORP COM 878377100 560 15800 SH DEFINED 02 0 15400 400
TELLABS INC COM 879664100 518 10060 SH DEFINED 02 0 9260 800
TEMPLETON DEVELOPING MKTS TR COM 88018W104 1407 76156 SH DEFINED 02 76156 0 0
TEMPLETON FDS INC COM 880196209 700 58142 SH DEFINED 02 58142 0 0
TENET HEALTHCARE CORP SUB 88033GAD2 35 30000 PRN DEFINED 02 0 30000 0
TERADYNE INC COM 880770102 18753 348500 SH DEFINED 02 233600 54250 60650
TERADYNE INC COM 880770102 1199 22275 SH DEFINED 03 20325 0 1950
TEXACO INC COM 881694103 3273 53282 SH DEFINED 02 16392 25052 11838
TEXACO INC COM 881694103 129 2100 SH DEFINED 03 2100 0 0
TEXAS INSTRUMENTS INC COM 882508104 2350 17538 SH DEFINED 02 15061 1500 977
TEXAS UTILS CO COM 882848104 2442 67857 SH DEFINED 02 45868 15124 6865
TEXAS UTILS CO COM 882848104 254 7075 SH DEFINED 03 6875 0 200
THERMO FIBERTEK INC 144A SUB 88355WAA3 51 50000 PRN DEFINED 02 0 0 50000
THERMO ELECTRON CORP COM 883556102 616 15408 SH DEFINED 02 1837 8856 4715
THERMOLASE CORP 144A SUB 883624AA6 73 70000 PRN DEFINED 02 15000 0 55000
THOMAS & BETTS CORP COM 884315102 7112 130212 SH DEFINED 02 55447 62080 12685
THOMAS & BETTS CORP COM 884315102 27 500 SH DEFINED 03 500 0 0
3COM CORP COM 885535104 205 4000 SH DEFINED 02 0 2880 1120
TIME WARNER INC COM 887315109 491 9079 SH DEFINED 02 0 7904 1175
TIMES MIRROR CO NEW COM 887364107 773 14086 SH DEFINED 02 2248 8221 3617
TIMKEN CO COM 887389104 15507 387088 SH DEFINED 02 305043 9200 72845
TIMKEN CO COM 887389104 623 15550 SH DEFINED 03 14450 0 1100
TORCHMARK CORP COM 891027104 578 14746 SH DEFINED 02 0 10846 3900
TOYS R US INC COM 892335100 842 23765 SH DEFINED 02 21340 2025 400
TRANSAMERICA CORP COM 893485102 284 2862 SH DEFINED 02 1462 0 1400
TRAVELERS GROUP INC COM 894190107 6631 97079 SH DEFINED 02 19351 71387 6341
TRAVELERS GROUP INC COM 894190107 55 799 SH DEFINED 03 799 0 0
TRIBUNE CO COM 896047107 513 9632 SH DEFINED 02 0 0 9632
TUPPERWARE CORP COM 899896104 3937 140012 SH DEFINED 02 83646 36200 20166
TYCO INTL LTD NEW COM 902124106 741 9033 SH DEFINED 02 437 1043 7551
UAM ICM SMALL CO PORTFOLIO COM 902555762 276 9784 SH DEFINED 02 0 9784 0
USX-MARATHON GROUP NEW COM 902905827 1189 31985 SH DEFINED 02 27997 3241 747
USX-MARATHON GROUP NEW COM 902905827 15 390 SH DEFINED 03 390 0 0
US BANCORP DEL COM 902973106 1293 13400 SH DEFINED 02 0 13400 0
US BANCORP DEL COM 902973106 36 377 SH DEFINED 03 377 0 0
UNUM CORP COM 903192102 7286 159712 SH DEFINED 02 111774 27888 20050
USF&G CORP COM 903290104 3062 133497 SH DEFINED 02 111379 13510 8608
UNILEVER N V COM 904784501 11278 53045 SH DEFINED 02 17598 21472 13975
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNION CAMP CORP COM 905530101 23996 389002 SH DEFINED 02 295911 45203 47888
UNION CAMP CORP COM 905530101 362 5875 SH DEFINED 03 5575 0 300
UNION PAC CORP COM 907818108 12333 196950 SH DEFINED 02 84594 87860 24496
UNION PAC RES GROUP INC COM 907834105 5711 218116 SH DEFINED 02 68084 111239 38793
UNITED DOMINION RLTY TR INC COM 910197102 179 11949 SH DEFINED 02 0 2083 9866
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 476 12384 SH DEFINED 02 4299 6695 1390
U S WEST INC COM 912889102 4 96 SH DEFINED 03 96 0 0
U S WEST INC COM 912889201 263 11811 SH DEFINED 02 3336 6940 1535
U S WEST INC COM 912889201 2 96 SH DEFINED 03 96 0 0
UNITED TECHNOLOGIES CORP COM 913017109 29999 370364 SH DEFINED 02 227284 95938 47142
UNIVERSAL CORP VA COM 913456109 822 22700 SH DEFINED 02 0 21800 900
UNIVERSAL FOODS CORP COM 913538104 7304 181475 SH DEFINED 02 142500 3450 35525
UNIVERSAL FOODS CORP COM 913538104 171 4240 SH DEFINED 03 4240 0 0
UNOCAL CORP COM 915289102 221 5111 SH DEFINED 02 2939 2172 0
V F CORP COM 918204108 8828 95319 SH DEFINED 02 74409 13060 7850
V F CORP COM 918204108 83 900 SH DEFINED 03 900 0 0
VANCE SANDERS EXCH FD COM 921902102 2276 4319 SH DEFINED 02 0 4319 0
VANGUARD SPECIALIZED COM 921908703 1856 129804 SH DEFINED 02 42091 87712 0
VANGUARD / WELLINGTON FD INC COM 921935102 275 8970 SH DEFINED 02 93 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 281 13563 SH DEFINED 02 2895 10668 0
VASTAR RES INC COM 922380100 292 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 431 4871 SH DEFINED 02 443 0 4427
WACHOVIA CORP NEW COM 929771103 11395 158267 SH DEFINED 02 56338 65104 36825
WACHOVIA CORP NEW COM 929771103 171 2370 SH DEFINED 03 2370 0 0
WAL MART STORES INC COM 931142103 19311 527286 SH DEFINED 02 283835 155317 88134
WAL MART STORES INC COM 931142103 198 5400 SH DEFINED 03 5200 0 200
WALGREEN CO COM 931422109 357 13932 SH DEFINED 02 4000 9300 632
WARNER LAMBERT CO COM 934488107 43115 319520 SH DEFINED 02 199631 57169 62720
WARNER LAMBERT CO COM 934488107 54 400 SH DEFINED 03 400 0 0
WASHINGTON GAS LT CO COM 938837101 532 20768 SH DEFINED 02 10616 8244 1908
WASHINGTON GAS LT CO COM 938837101 18 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 82 3200 SH DEFINED 03 3200 0 0
WASHINGTON MUT INC COM 939322103 1213 17405 SH DEFINED 02 17000 225 180
WASHINGTON MUT INVS FD INC COM 939330106 1374 44776 SH DEFINED 02 27273 17502 0
WASHINGTON POST CO COM 939640108 9556 21325 SH DEFINED 02 14512 4893 1920
WASTE MGMT INC NEW COM 94106K101 746 21376 SH DEFINED 02 2608 5900 12868
WATERS CORP COM 941848103 411 9305 SH DEFINED 02 9155 0 150
WELLS FARGO & CO COM 949740104 382 1390 SH DEFINED 02 0 1350 40
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 1156 50000 SH DEFINED 02 0 50000 0
WESTINGHOUSE ELEC CORP COM 960402105 371 13732 SH DEFINED 02 6849 3656 3227
WESTINGHOUSE ELEC CORP COM 960402105 54 2000 SH DEFINED 03 2000 0 0
WESTLAND GARDENS CO COM 960990208 250 75 SH DEFINED 02 0 0 75
WESTVACO CORP COM 961548104 18846 522602 SH DEFINED 02 336666 96187 89749
WESTVACO CORP COM 961548104 227 6295 SH DEFINED 03 6295 0 0
WEYERHAEUSER CO COM 962166104 580 9751 SH DEFINED 02 1301 8450 0
WHIRLPOOL CORP COM 963320106 4759 71767 SH DEFINED 02 9300 41992 20475
WHITTAKER CORPORATION NEW COM 966680407 390 30000 SH DEFINED 02 0 30000 0
WILMAR INDS INC COM 971426101 204 7580 SH DEFINED 02 0 7180 400
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WINN DIXIE STORES INC COM 974280109 387 10936 SH DEFINED 02 7200 0 3736
WISCONSIN ENERGY CORP COM 976657106 11116 427542 SH DEFINED 02 291240 65030 71272
WISCONSIN ENERGY CORP COM 976657106 164 6310 SH DEFINED 03 6310 0 0
WITCO CORP COM 977385103 28622 627350 SH DEFINED 02 346779 175621 104950
WITCO CORP COM 977385103 31 675 SH DEFINED 03 675 0 0
WORLDCOM INC GA COM 98155K102 3575 101072 SH DEFINED 02 78150 7372 15550
WORTHINGTON INDS INC COM 981811102 16604 819975 SH DEFINED 02 501100 168850 150025
WORTHINGTON INDS INC COM 981811102 180 8900 SH DEFINED 03 8900 0 0
WRIGLEY WM JR CO COM 982526105 461 6128 SH DEFINED 02 1650 3120 1358
WRIGLEY WM JR CO COM 982526204 221 2960 SH DEFINED 02 1400 1560 0
XEROX CORP COM 984121103 2032 24148 SH DEFINED 02 5603 15402 3143
REPORT SUMMARY 761 DATA RECORDS 5192054 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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