|
|
|
|
|
|
|
|
|
|
|
|
|
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/97
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 04/23/97
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 557 29957 SH DEFINED 02 11029 15328 3600
AT&T CORP COM 001957109 28312 811841 SH DEFINED 02 429803 158619 223419
AT&T CORP COM 001957109 511 14645 SH DEFINED 03 13995 0 650
ABB AB COM 00256Q103 8223 75970 SH DEFINED 02 30241 29664 16065
ABB AB COM 00256Q103 11 100 SH DEFINED 03 100 0 0
ABBOTT LABS COM 002824100 10286 183281 SH DEFINED 02 40656 81435 61190
ABBOTT LABS COM 002824100 378 6730 SH DEFINED 03 6730 0 0
ACNIELSON CORPORATION W/I COM 004833109 1928 128552 SH DEFINED 02 113015 12305 3232
ADVANCED TECHNOLOGY LABS INC COM 00755N106 674 22781 SH DEFINED 02 9431 13350 0
CORESOURCE INC COM 007990104 187 187500 SH DEFINED 02 187500 0 0
CORESOURCE INC PFD 007990120 937 937500 SH DEFINED 02 937500 0 0
AETNA INC COM 008117103 718 8367 SH DEFINED 02 2204 3750 2413
AHMANSON H F & CO COM 008677106 4077 112091 SH DEFINED 02 103316 2800 5975
AHMANSON H F & CO COM 008677106 162 4455 SH DEFINED 03 4255 0 200
AIR PRODS & CHEMS INC COM 009158106 28644 422019 SH DEFINED 02 257322 79349 85348
AIR PRODS & CHEMS INC COM 009158106 300 4415 SH DEFINED 03 4415 0 0
AIRTOUCH COMMUNICATIONS INC COM 00949T100 8248 358612 SH DEFINED 02 162832 104696 91084
AIRTOUCH COMMUNICATIONS INC COM 00949T100 22 936 SH DEFINED 03 856 0 80
AIRTOUCH COMMUNICATIONS CPF 00949T209 10162 396589 PRN DEFINED 02 279814 18900 97875
AIRTOUCH COMMUNICATIONS CPF 00949T209 614 23950 PRN DEFINED 03 23250 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 217 6400 SH DEFINED 02 0 6400 0
ALEX BROWN INC COM 013902101 546 12856 SH DEFINED 02 610 12246 0
ALLEGHENY PWR SYS INC COM 017411109 460 15546 SH DEFINED 02 3950 9796 1800
ALLERGAN INC COM 018490102 257 8834 SH DEFINED 02 3284 4550 1000
ALLIANCE FD COM 01859K105 87 13241 SH DEFINED 02 0 0 13241
ALLIED SIGNAL INC COM 019512102 1272 17858 SH DEFINED 02 6068 7792 3998
ALLIED SIGNAL INC COM 019512102 21 300 SH DEFINED 03 300 0 0
ALLMERICA PPTY & CAS COS INC COM 01975T105 337 10800 SH DEFINED 02 0 10800 0
ALLSTATE CORP COM 020002101 2891 48691 SH DEFINED 02 21416 19858 7417
ALLSTATE CORP COM 020002101 105 1775 SH DEFINED 03 1575 0 200
ALLTRISTA CORP COM 020040101 439 19100 SH DEFINED 02 0 19100 0
ALTERA CORP COM 021441100 296 6900 SH DEFINED 02 0 6500 400
ALUMINUM CO AMER COM 022249106 5713 84015 SH DEFINED 02 40443 34400 9172
ALZA CORP SUB 022615AD0 517 525000 PRN DEFINED 02 10000 75000 440000
AMERADA HESS CORP COM 023551104 686 12946 SH DEFINED 02 970 11976 0
AMERICA ONLINE INC DEL COM 02364J104 216 5100 SH DEFINED 02 0 4600 500
AMERICAN ASIATIC OIL CORP COM 023879109 0 200000 SH DEFINED 02 0 90000 110000
AMERICAN BRANDS INC COM 024703100 7939 156822 SH DEFINED 02 86151 40394 30277
AMERICAN BRANDS INC COM 024703100 167 3300 SH DEFINED 03 3100 0 200
AMERICAN ELEC PWR INC COM 025537101 582 14115 SH DEFINED 02 3772 6270 4073
AMERICAN EXPRESS CO COM 025816109 4372 73031 SH DEFINED 02 32762 29467 10802
AMERICAN GENERAL CORP COM 026351106 11388 279466 SH DEFINED 02 121540 138632 19294
AMERICAN HOME PRODS CORP COM 026609107 98906 1648441 SH DEFINED 02 821683 530523 296235
AMERICAN HOME PRODS CORP COM 026609107 438 7300 SH DEFINED 03 7100 0 200
AMERICAN INTL GROUP INC COM 026874107 14650 124818 SH DEFINED 02 47764 46929 30125
AMERICAN INTL GROUP INC COM 026874107 364 3100 SH DEFINED 03 2750 0 350
AMERITECH CORP NEW COM 030954101 16414 267998 SH DEFINED 02 129957 96170 41871
AMERITECH CORP NEW COM 030954101 110 1796 SH DEFINED 03 1676 0 120
<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 3273 58582 SH DEFINED 02 31400 8000 19182
AMGEN INC COM 031162100 78 1400 SH DEFINED 03 1400 0 0
AMP INC COM 031897101 28901 840758 SH DEFINED 02 438576 241272 160910
AMP INC COM 031897101 187 5450 SH DEFINED 03 5450 0 0
AMOCO CORP COM 031905102 65449 755549 SH DEFINED 02 391865 217186 146498
AMOCO CORP COM 031905102 666 7694 SH DEFINED 03 6094 0 1600
AMSOUTH BANCORPORATION COM 032165102 745 15446 SH DEFINED 02 0 5062 10384
ANHEUSER BUSCH COS INC COM 035229103 731 17744 SH DEFINED 02 700 12336 4708
AON CORP COM 037389103 450 7354 SH DEFINED 02 504 6788 62
AON CORP COM 037389103 9 150 SH DEFINED 03 150 0 0
APACHE CORP COM 037411105 1322 39467 SH DEFINED 02 2300 16067 21100
APPLIED INDL TECHNOLOGIES INC COM 03820C105 4029 115135 SH DEFINED 02 80919 21841 12375
APPLIED INDL TECHNOLOGIES INC COM 03820C105 39 1100 SH DEFINED 03 1100 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 487 27266 SH DEFINED 02 900 23209 3157
GUINNESS PLC ORD GBP 0.25 COM 039600002 101 12000 SH DEFINED 02 0 12000 0
ASHLAND COAL INC COM 043906106 1263 51562 SH DEFINED 02 50862 700 0
ATLANTIC RICHFIELD CO COM 048825103 44026 326119 SH DEFINED 02 182292 92406 51421
ATLANTIC RICHFIELD CO COM 048825103 808 5988 SH DEFINED 03 5688 0 300
AURA SYS INC COM 051526101 39 20000 SH DEFINED 02 20000 0 0
AUTODESK INC COM 052769106 11999 387077 SH DEFINED 02 231067 52650 103360
AUTODESK INC COM 052769106 251 8100 SH DEFINED 03 7500 0 600
AVERY DENNISON CORP COM 053611109 710 18452 SH DEFINED 02 6800 6052 5600
AVNET INC COM 053807103 4633 82197 SH DEFINED 02 48450 9882 23865
AUTOMOTIVE CASUALTY ASSURANCE COM 053990503 20 70455 SH DEFINED 02 70455 0 0
AVON PRODS INC COM 054303102 384 7324 SH DEFINED 02 1190 292 5842
BBN CORP SUB DEB CONV SUB 055283AA3 142 158000 PRN DEFINED 02 0 150000 8000
BAKER HUGHES INC COM 057224107 265 6921 SH DEFINED 02 3025 2476 1420
BALTIMORE CEMETERY COMPANY COM 058991100 1755 58500 SH DEFINED 02 58500 0 0
BALTIMORE GAS & ELEC CO COM 059165100 20194 754951 SH DEFINED 02 286944 292487 175520
BALTIMORE GAS & ELEC CO COM 059165100 40 1500 SH DEFINED 03 1500 0 0
BANC ONE CORP COM 059438101 309 7786 SH DEFINED 02 1584 5312 890
BANK NEW YORK INC COM 064057102 276 7532 SH DEFINED 02 0 5532 2000
BANKAMERICA CORP COM 066050105 443 4396 SH DEFINED 02 830 2155 1411
BARD C R INC COM 067383109 487 17105 SH DEFINED 02 16405 500 200
BARNETT BKS INC COM 068055102 8869 190752 SH DEFINED 02 106597 48051 36104
BARNETT BKS INC COM 068055102 112 2398 SH DEFINED 03 2398 0 0
BAXTER INTL INC COM 071813109 1991 46189 SH DEFINED 02 20771 16830 8588
BAY NETWORKS INC COM 072510100 189 10598 SH DEFINED 02 0 10598 0
BECKMAN INSTRS INC COM 075816108 1223 29132 SH DEFINED 02 16844 9284 3004
BECKMAN INSTRS INC COM 075816108 91 2170 SH DEFINED 03 2170 0 0
BECTON DICKINSON & CO COM 075887109 1219 27100 SH DEFINED 02 5500 18400 3200
BELL ATLANTIC CORP COM 077853109 12612 207610 SH DEFINED 02 96864 67495 43251
BELL ATLANTIC CORP COM 077853109 119 1962 SH DEFINED 03 1962 0 0
BELL SPORTS CORP SUB 077903AA0 4 6000 PRN DEFINED 02 6000 0 0
BELLSOUTH CORP COM 079860102 41915 995021 SH DEFINED 02 559759 216849 218413
BELLSOUTH CORP COM 079860102 668 15854 SH DEFINED 03 15304 0 550
BENCHMARK ELECTRS INC COM 08160H101 331 11350 SH DEFINED 02 0 10950 400
BENEFICIAL CORP COM 081721102 1246 19291 SH DEFINED 02 13089 4602 1600
BERKSHIRE HATHAWAY INC DEL COM 084670108 85033 2349 SH DEFINED 02 1 2348 0
BERKSHIRE HATHAWAY INC DEL COM 084670207 545 451 SH DEFINED 02 14 145 292
<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
BEVERLY ENTERPRISES INC SUB 087851AB7 14 15000 PRN DEFINED 02 0 15000 0
BIOWHITTAKER INC COM 09066T108 180 20900 SH DEFINED 02 0 20900 0
BLACK & DECKER CORP COM 091797100 2664 82949 SH DEFINED 02 64629 9841 8479
BLOUNT INTL INC COM 095177101 614 14900 SH DEFINED 02 0 14900 0
BOEING CO COM 097023105 10822 109738 SH DEFINED 02 74467 20464 14807
BOEING CO COM 097023105 273 2765 SH DEFINED 03 2365 0 400
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 1359 41216 SH DEFINED 02 0 41216 0
BRISTOL MYERS SQUIBB CO COM 110122108 145946 2473669 SH DEFINED 02 1238493 989876 245300
BRISTOL MYERS SQUIBB CO COM 110122108 258 4375 SH DEFINED 03 4375 0 0
BRITISH PETE LTD COM 110889409 11488 83705 SH DEFINED 02 61702 8804 13199
BROOKLYN UN GAS CO COM 114259104 12757 463910 SH DEFINED 02 298099 80926 84885
BROOKLYN UN GAS CO COM 114259104 254 9250 SH DEFINED 03 9250 0 0
BROWN & SHARPE MFG CO SUB 115223AA7 4 4000 PRN DEFINED 02 4000 0 0
BROWNING FERRIS INDS INC COM 115885105 2236 77452 SH DEFINED 02 71933 1125 4394
BROWNING FERRIS INDS INC COM 115885105 105 3650 SH DEFINED 03 3650 0 0
BUILDERS TRANS INC SUB 120084AA6 131 190000 PRN DEFINED 02 190000 0 0
BURLINGTON NORTHN SANTA FE COM 12189T104 1686 22792 SH DEFINED 02 4831 15449 2512
BURLINGTON NORTHN SANTA FE COM 12189T104 18 244 SH DEFINED 03 244 0 0
BURLINGTON RES INC COM 122014103 409 9568 SH DEFINED 02 0 9468 100
BURMAH CASTROL PLC COM 122169303 2456 72771 SH DEFINED 02 13550 28942 30279
CCC INFORMATION SVCS GROUP INC COM 12487Q109 757 60607 SH DEFINED 02 60607 0 0
CIGNA CORP COM 125509109 1363 9341 SH DEFINED 02 4124 564 4653
CPC INTL INC COM 126149103 15195 185308 SH DEFINED 02 66938 81772 36598
CPC INTL INC COM 126149103 57 700 SH DEFINED 03 700 0 0
CSX CORP COM 126408103 3546 76271 SH DEFINED 02 29183 29304 17784
CSX CORP COM 126408103 37 800 SH DEFINED 03 800 0 0
CVS CORPORATION DELAWARE COM 126650100 461 10000 SH DEFINED 02 0 10000 0
CAMBRIDGE NEUROSCIENCE INC COM 132426107 106 10000 SH DEFINED 02 0 10000 0
CAMPBELL SOUP CO COM 134429109 828 17866 SH DEFINED 02 7000 0 10866
CAPITAL EXCHANGE FD INC COM 140105107 444 1484 SH DEFINED 02 0 1484 0
CAPITAL ONE FINL CORP COM 14040H105 1845 49544 SH DEFINED 02 29149 9110 11285
CAPITAL ONE FINL CORP COM 14040H105 45 1200 SH DEFINED 03 1200 0 0
CAROLINA PWR & LT CO COM 144141108 625 17254 SH DEFINED 02 4916 9468 2870
CATERPILLAR INC COM 149123101 23811 296712 SH DEFINED 02 215958 17302 63452
CATERPILLAR INC COM 149123101 112 1400 SH DEFINED 03 1400 0 0
CENTRAL & SOUTH WEST CORP COM 152357109 597 27942 SH DEFINED 02 12834 9600 5508
CENTRAL & SOUTH WEST CORP COM 152357109 155 7256 SH DEFINED 03 7256 0 0
CENTRAL FID BKS INC COM 153469101 781 28156 SH DEFINED 03 28156 0 0
CHASE MANHATTAN CORP NEW COM 16161A108 672 7167 SH DEFINED 02 1215 3331 2621
CHEVRON CORP COM 166751107 39561 568202 SH DEFINED 02 324482 131387 112333
CHEVRON CORP COM 166751107 12 168 SH DEFINED 03 168 0 0
CHINA INDL GROUP INC COM 169396108 3 25000 SH DEFINED 02 0 25000 0
CHIRON CORP COM 170040109 369 19848 SH DEFINED 02 13750 3550 2548
CHOCK FULL O NUTS CORP SUB 170268AC0 36 40000 PRN DEFINED 02 0 40000 0
CHOICE HOTELS HLDGS INC COM 170380109 152 11281 SH DEFINED 02 0 1850 9431
CHRYSLER CORP COM 171196108 241 8040 SH DEFINED 02 1340 2200 4500
CHUBB CORP COM 171232101 41682 773694 SH DEFINED 02 468442 124102 181150
CHUBB CORP COM 171232101 259 4805 SH DEFINED 03 4805 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
CISCO SYS INC COM 17275R102 1866 38790 SH DEFINED 02 13100 8695 16995
CITICORP COM 173034109 2105 19450 SH DEFINED 02 10702 7948 800
CITICORP COM 173034109 43 400 SH DEFINED 03 400 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 399 9324 SH DEFINED 02 0 8392 932
COCA COLA CO COM 191216100 86147 1545241 SH DEFINED 02 679764 634002 231475
COCA COLA CO COM 191216100 441 7915 SH DEFINED 03 7615 0 300
COGNIZANT CORPORATION COM 192441103 14314 491473 SH DEFINED 02 436890 42193 12390
COLGATE PALMOLIVE CO COM 194162103 8857 88911 SH DEFINED 02 48740 24172 15999
COLGATE PALMOLIVE CO COM 194162103 363 3645 SH DEFINED 03 3395 0 250
COLUMBIA / HCA HEALTHCARE COM 197677107 983 29236 SH DEFINED 02 721 27015 1500
COMCAST CORP COM 200300101 186 11400 SH DEFINED 02 0 10900 500
COMERICA INC COM 200340107 633 11232 SH DEFINED 02 5400 0 5832
COMPASS CAP FDS COM 20449U506 537 33790 SH DEFINED 02 33790 0 0
COMPAQ COMPUTER CORP COM 204493100 250 3272 SH DEFINED 02 750 2000 522
COMPUTER DATA SYS COM 205017106 602 20000 SH DEFINED 02 0 20000 0
CONCORD EFS INC COM 206197105 721 38495 SH DEFINED 02 0 36470 2025
CONRAIL INC COM 208368100 1333 11830 SH DEFINED 02 689 10261 880
CONSECO INC COM 208464107 994 27928 SH DEFINED 02 12000 3168 12760
CONSOLIDATED EDISON CO N Y INC COM 209111103 234 7829 SH DEFINED 02 4472 1497 1860
CONSOLIDATED EDISON CO N Y INC COM 209111103 13 440 SH DEFINED 03 440 0 0
CONSOLIDATED NAT GAS CO SUB 209615BL6 82 80000 PRN DEFINED 02 70000 10000 0
CONSOLIDATED NAT GAS CO COM 209615103 4836 96006 SH DEFINED 02 39010 42706 14290
CONSOLIDATED NAT GAS CO COM 209615103 26 520 SH DEFINED 03 520 0 0
COOPER INDS INC SUB 216669AC5 4601 4335500 PRN DEFINED 02 3319000 804500 212000
COOPER INDS INC COM 216669101 6293 145095 SH DEFINED 02 75481 47042 22572
COORS ADOLPH CO COM 217016104 397 18700 SH DEFINED 02 0 16000 2700
CORESTATES FINL CORP COM 218695104 67820 1427790 SH DEFINED 02 772738 387117 267935
CORESTATES FINL CORP COM 218695104 493 10375 SH DEFINED 03 10075 0 300
CORNING DEL L P CPF 219319209 4667 65850 PRN DEFINED 02 47400 900 17550
CORNING INC COM 219350105 46305 1043510 SH DEFINED 02 591128 217264 235118
CORNING INC COM 219350105 701 15805 SH DEFINED 03 15005 0 800
CORPORATE EXPRESS INC SUB 219888AC8 21 25000 PRN DEFINED 02 0 25000 0
COVANCE INC COM 222816100 4962 307732 SH DEFINED 02 218300 49012 40420
COX COMMUNICATIONS INC NEW COM 224044107 1014 49180 SH DEFINED 02 10086 23393 15701
CRESTAR FINL CORP COM 226091106 1448 41824 SH DEFINED 02 2592 19736 19496
CRESTAR FINL CORP COM 226091106 21 600 SH DEFINED 03 600 0 0
CUSTER CHANNEL WING CORP COM 231705203 0 16000 SH DEFINED 02 16000 0 0
DPL INC COM 233293109 6050 250784 SH DEFINED 02 173059 21000 56725
DPL INC COM 233293109 113 4680 SH DEFINED 03 4680 0 0
DSC COMMUNICATIONS COM 233311109 4050 193447 SH DEFINED 02 87697 73100 32650
DSC COMMUNICATIONS COM 233311109 44 2125 SH DEFINED 03 2125 0 0
DANA CORP COM 235811106 6091 185300 SH DEFINED 02 98947 20710 65643
DAVIS N Y VENTURE FD INC COM 239080104 2896 162362 SH DEFINED 02 0 162362 0
DAVIS N Y VENTURE FD INC COM 239080401 6019 334809 SH DEFINED 02 0 0 334809
DAVIS SER INC COM 239103500 410 21805 SH DEFINED 02 0 0 21805
DEAN WITTER DISCOVER & CO COM 24240V101 409 11744 SH DEFINED 02 5014 1814 4916
DEERE & CO COM 244199105 17078 392618 SH DEFINED 02 233261 73662 85695
DEERE & CO COM 244199105 9 200 SH DEFINED 03 200 0 0
DELMARVA PWR & LT CO COM 247109101 822 44753 SH DEFINED 02 8004 28225 8524
DELMARVA PWR & LT CO COM 247109101 3 150 SH DEFINED 03 150 0 0
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DELTA AIR LINES INC DEL COM 247361108 5773 68630 SH DEFINED 02 52158 10003 6469
DELTA AIR LINES INC DEL COM 247361108 32 375 SH DEFINED 03 375 0 0
DELTIC TIMBER CORP COM 247850100 1433 50513 SH DEFINED 02 35262 8525 6726
DEUTSCHE TELEKOM AG-SPON ADR COM 251566105 218 10000 SH DEFINED 02 0 0 10000
DEVRY INC DEL COM 251893103 242 11000 SH DEFINED 02 0 1000 10000
DIGI INTL INC COM 253798102 77 10900 SH DEFINED 02 0 9900 1000
DIGITAL EQUIP CORP COM 253849103 4190 153073 SH DEFINED 02 93522 40017 19534
DIONEX CORP COM 254546104 227 5000 SH DEFINED 02 200 4000 800
DISNEY WALT CO COM 254687106 10699 146816 SH DEFINED 02 44693 55691 46432
DISNEY WALT CO COM 254687106 100 1376 SH DEFINED 03 1376 0 0
DOMINION RES INC VA COM 257470104 721 19844 SH DEFINED 02 8606 8943 2295
DOMINION RES INC VA COM 257470104 28 7771 SH DEFINED 03 7771 0 0
DONALDSON INC COM 257651109 555 15989 SH DEFINED 02 1618 600 13771
DONNELLEY R R & SONS CO COM 257867101 4089 117260 SH DEFINED 02 73400 26176 17684
DOVER CORP COM 260003108 14195 270387 SH DEFINED 02 126671 72866 70850
DOVER CORP COM 260003108 176 3355 SH DEFINED 03 3355 0 0
DOW CHEM CO COM 260543103 26364 330074 SH DEFINED 02 137514 148073 44487
DOW CHEM CO COM 260543103 48 600 SH DEFINED 03 600 0 0
DRESSER INDS INC COM 261597108 15644 517182 SH DEFINED 02 185646 202257 129279
DRESSER INDS INC COM 261597108 102 3375 SH DEFINED 03 3375 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 97151 916526 SH DEFINED 02 470551 294464 151511
DU PONT E I DE NEMOURS & CO COM 263534109 805 7590 SH DEFINED 03 7190 0 400
DUKE PWR CO COM 264399106 6948 157471 SH DEFINED 02 83454 35258 38759
DUKE PWR CO COM 264399106 93 2100 SH DEFINED 03 2100 0 0
DUN & BRADSTREET CORP COM 264830100 10862 428067 SH DEFINED 02 375790 39787 12490
E M C CORP MASS SUB 268648AC6 35 35000 PRN DEFINED 02 0 35000 0
EASTMAN CHEM CO COM 277432100 579 10789 SH DEFINED 02 4096 4721 1972
EASTMAN KODAK CO COM 277461109 24447 321679 SH DEFINED 02 149012 101571 71096
EASTMAN KODAK CO COM 277461109 346 4550 SH DEFINED 03 4200 0 350
ECCLESTON LAND COMPANY COMMON COM 277994109 219 2972 SH DEFINED 02 2702 0 270
EATON CORP COM 278058102 2859 40494 SH DEFINED 02 18717 15384 6393
EATON CORP COM 278058102 131 1850 SH DEFINED 03 1850 0 0
EL PASO NAT GAS CO COM NEW COM 283695872 335 5917 SH DEFINED 02 50 4490 1377
ELECTRONIC DATA SYS CORP NEW COM 285661104 9968 248447 SH DEFINED 02 143811 64909 39727
ELECTRONIC DATA SYS CORP NEW COM 285661104 61 1515 SH DEFINED 03 1315 0 200
EMERSON ELEC CO COM 291011104 30243 672076 SH DEFINED 02 367466 147230 157380
EMERSON ELEC CO COM 291011104 88 1950 SH DEFINED 03 1950 0 0
ENRON CORP COM 293561106 7509 196968 SH DEFINED 02 75146 49492 72330
ENRON CORP COM 293561106 45 1175 SH DEFINED 03 1175 0 0
EQUITABLE RES INC COM 294549100 17175 560830 SH DEFINED 02 367056 93539 100235
EQUITABLE RES INC COM 294549100 520 16995 SH DEFINED 03 16045 0 900
ERICSSON L M TEL CO COM 294821400 18853 557588 SH DEFINED 02 227090 211762 118736
ERICSSON L M TEL CO COM 294821400 8 250 SH DEFINED 03 250 0 0
EURO PAC GROWTH FD COM 298706102 1604 60081 SH DEFINED 02 60081 0 0
EXXON CORP COM 302290101 171885 1595223 SH DEFINED 02 763615 578455 253153
EXXON CORP COM 302290101 1065 9880 SH DEFINED 03 9530 0 350
F&M BANCORP COM 302367107 1789 66274 SH DEFINED 02 2246 39412 24616
FPL GROUP INC COM 302571104 463 10505 SH DEFINED 02 6550 2300 1655
FCNB CORP COM 302920103 586 26951 SH DEFINED 02 10700 360 15891
FASTENAL CO COM 311900104 1250 35730 SH DEFINED 02 0 31250 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 1496 54924 SH DEFINED 02 7200 47724 0
FEDERAL NATL MTG ASSN COM 313586109 434 12035 SH DEFINED 02 800 1575 9660
FIDELITY ADVISOR SER I COM 315805101 621 14924 SH DEFINED 02 0 14924 0
FIELDCREST CANNON INC SUB 316549AB0 1065 1420000 PRN DEFINED 02 1265000 80000 75000
FINANCIAL TR CORP COM 317903102 273 6524 SH DEFINED 02 0 6524 0
FIRST AMER BK CORP COM 318906104 358 6000 SH DEFINED 02 6000 0 0
FIRST BK SYS INC COM 319279105 978 13400 SH DEFINED 02 0 13400 0
FIRST DATA CORP COM 319963104 740 21872 SH DEFINED 02 200 17806 3866
FIRST UN CORP COM 337358105 757 9343 SH DEFINED 02 5015 215 4113
FIRST UN CORP COM 337358105 49 600 SH DEFINED 03 600 0 0
FIRST VA BKS INC COM 337477103 221 4324 SH DEFINED 02 0 4324 0
FIRST VA BKS INC COM 337477103 70 1375 SH DEFINED 03 1375 0 0
FIRSTAR CORP NEW COM 33761C103 593 21592 SH DEFINED 02 0 0 21592
FISERV INC COM 337738108 327 8800 SH DEFINED 02 0 8350 450
FLAG INVS TEL INCOME FD INC COM 338331101 858 56547 SH DEFINED 02 16249 40297 0
FLEETWOOD ENTERPRISES INC COM 339099103 3707 148300 SH DEFINED 02 29300 76900 42100
FLORIDA EAST COAST INDS INC COM 340632108 392 4000 SH DEFINED 02 0 4000 0
FLORIDA PROGRESS CORP COM 341109106 330 10872 SH DEFINED 02 1700 9172 0
FORD MTR CO DEL COM 345370100 495 15794 SH DEFINED 02 3228 4742 7824
FORD MTR CO DEL COM 345370100 57 1792 SH DEFINED 03 1792 0 0
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 371 12245 SH DEFINED 02 1018 5445 5782
FRITZ COS INC COM 358846103 129 13350 SH DEFINED 02 0 12750 600
GTE CORP COM 362320103 35429 759886 SH DEFINED 02 348719 245021 166146
GTE CORP COM 362320103 758 16257 SH DEFINED 03 15557 0 700
GANNETT INC COM 364730101 14499 168842 SH DEFINED 02 91276 58747 18819
GARDNER DENVER MACHY INC COM 365558105 1675 70534 SH DEFINED 02 40 70342 152
GENCORP INC SUB 368682AC4 29 25000 PRN DEFINED 02 0 0 25000
GENERAL DYNAMICS CORP COM 369550108 338 5000 SH DEFINED 02 0 5000 0
GENERAL ELEC CO COM 369604103 209483 2110660 SH DEFINED 02 999630 792841 318189
GENERAL ELEC CO COM 369604103 1718 17309 SH DEFINED 03 16959 0 350
GENERAL MILLS INC COM 370334104 1648 26529 SH DEFINED 02 12713 8400 5416
GENERAL MOTORS CORP COM 370442105 8872 160229 SH DEFINED 02 92547 21956 45726
GENERAL MOTORS CORP COM 370442105 247 4464 SH DEFINED 03 4464 0 0
GENERAL RE CORP COM 370563108 37824 239393 SH DEFINED 02 154020 48199 37174
GENUINE PARTS CO COM 372460105 13215 283440 SH DEFINED 02 169924 76577 36939
GENUINE PARTS CO COM 372460105 69 1475 SH DEFINED 03 1425 0 50
GENZYME CORP COM 372917104 1940 86225 SH DEFINED 02 33825 15250 37150
GENZYME CORP COM 372917104 77 3425 SH DEFINED 03 3425 0 0
GEORGIA PAC CORP COM 373298108 462 6375 SH DEFINED 02 1419 3480 1476
GIANT FOOD INC COM 374478105 15521 485042 SH DEFINED 02 271964 148228 64850
GIANT FOOD INC COM 374478105 5 150 SH DEFINED 03 150 0 0
GIDDINGS & LEWIS INC WIS COM 375048105 8062 542002 SH DEFINED 02 433052 8875 100075
GIDDINGS & LEWIS INC WIS COM 375048105 177 11900 SH DEFINED 03 11900 0 0
GILLETTE CO COM 375766102 8762 120652 SH DEFINED 02 7382 52766 60504
GILLETTE CO COM 375766102 116 1600 SH DEFINED 03 1600 0 0
GLATFELTER P H CO COM 377316104 2905 176084 SH DEFINED 02 112279 49506 14299
GLAXO WELLCOME PLC COM 37733W105 208 5900 SH DEFINED 02 200 2400 3300
GOODYEAR TIRE & RUBR CO COM 382550101 238 4562 SH DEFINED 02 554 3198 810
GRACE W R & CO DEL COM 383911104 253 5354 SH DEFINED 02 54 5060 240
GRAINGER W W INC COM 384802104 5594 75601 SH DEFINED 02 18087 21708 35806
<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 252 3410 SH DEFINED 03 3035 0 375
GREAT LAKES CHEM CORP COM 390568103 494 10756 SH DEFINED 02 100 9500 1156
GREENERY REHABILITATION GROUP SUB 394797AB0 156 195000 PRN DEFINED 02 100000 0 95000
APACHE CORP CONV SUB DEB SUB 401436II3 24 20000 PRN DEFINED 02 0 20000 0
HAAGEN ALEXANDER PPTYS INC SUB 40443EAA8 4 5000 PRN DEFINED 02 5000 0 0
HALLIBURTON CO COM 406216101 17034 251438 SH DEFINED 02 155861 36011 59566
HARSCO CORP COM 415864107 4759 130858 SH DEFINED 02 78288 33640 18930
HARTFORD STEAM BOILER COM 416704104 2064 46125 SH DEFINED 02 40075 4350 1700
CETUS CORP SUB DEB CONV SUB 418589II0 139 145000 PRN DEFINED 02 86000 0 59000
CHUBB CAPITAL CORP SUB 419447II0 557 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 405 12250 SH DEFINED 02 3400 6100 2750
HEINZ H J CO COM 423074103 1598 40478 SH DEFINED 02 5656 20172 14650
HERCULES INC SUB 427056AK2 28 10000 PRN DEFINED 02 0 10000 0
HERCULES INC COM 427056106 771 18263 SH DEFINED 02 6650 9825 1788
HERSHEY FOODS CORP COM 427866108 13949 278998 SH DEFINED 02 179161 44932 54905
HEWLETT PACKARD CO COM 428236103 61801 1157869 SH DEFINED 02 727856 218710 211303
HEWLETT PACKARD CO COM 428236103 513 9610 SH DEFINED 03 9010 0 600
HOME DEPOT INC SUB 437076AE2 525 525000 PRN DEFINED 02 0 0 525000
HOME DEPOT INC COM 437076102 3093 57814 SH DEFINED 02 5675 30466 21673
HOME DEPOT INC COM 437076102 8 150 SH DEFINED 03 150 0 0
HOMESTAKE MNG CO COM 437614100 2584 172307 SH DEFINED 02 137107 4200 31000
HONEYWELL INC COM 438506107 2745 40454 SH DEFINED 02 15256 17632 7566
HOUSEHOLD INTL CORP COM 441815107 376 4369 SH DEFINED 02 0 1600 2769
HOUSTON INDS INC COM 442161105 306 14704 SH DEFINED 02 2480 9224 3000
HOUSTON INDS INC COM 442161105 42 2000 SH DEFINED 03 2000 0 0
HUBBELL INC COM 443510201 6889 163058 SH DEFINED 02 52496 41498 69064
HEALTH CARE PPTY SUB 443528II7 108 110000 PRN DEFINED 02 0 0 110000
ICN PHARMACEUTICALS INC NEW SUB 448924AA8 11 10000 PRN DEFINED 02 0 10000 0
ITT HARTFORD GROUP INC COM 45068H106 1565 21705 SH DEFINED 02 6458 7196 8051
ITT HARTFORD GROUP INC COM 45068H106 11 156 SH DEFINED 03 156 0 0
ITT INDS INC COM 450911102 365 16341 SH DEFINED 02 6158 3496 6687
ITT INDS INC COM 450911102 3 156 SH DEFINED 03 156 0 0
ITT CORP NEW COM 450912100 1085 18441 SH DEFINED 02 6408 5496 6537
IKON OFFICE SOLUTIONS INC COM 451713101 1057 31568 SH DEFINED 02 300 6300 24968
ILLINOIS TOOL WORKS INC COM 452308109 10666 130081 SH DEFINED 02 83585 15350 31146
IMATION CORP COM 45245A107 1266 50655 SH DEFINED 02 9620 35804 5231
IMPERIAL CHEM INDS PLC COM 452704505 4278 94030 SH DEFINED 02 45896 29159 18975
INCOME TR COM 45336X636 5 10000 SH DEFINED 02 0 10000 0
INGERSOLL RAND CO COM 456866102 16095 368957 SH DEFINED 02 122285 132542 114130
INGERSOLL RAND CO COM 456866102 144 3300 SH DEFINED 03 3300 0 0
INTEL CORP COM 458140100 70827 509093 SH DEFINED 02 337616 85798 85679
INTEL CORP COM 458140100 761 5470 SH DEFINED 03 5070 25 375
INTERNATIONAL BUSINESS MACHS COM 459200101 64781 471999 SH DEFINED 02 219554 165296 87149
INTERNATIONAL BUSINESS MACHS COM 459200101 231 1680 SH DEFINED 03 1680 0 0
INTERNATIONAL FLAVORS & COM 459506101 274 6280 SH DEFINED 02 126 4950 1204
INTERNATIONAL PAPER CO COM 460146103 877 22512 SH DEFINED 02 8880 8532 5100
INVESTMENT CO AMER COM 461308108 335 13533 SH DEFINED 02 13533 0 0
IONICS INC COM 462218108 273 5900 SH DEFINED 02 3000 2900 0
JDN RLTY CORP COM 465917102 234 8650 SH DEFINED 02 0 4750 3900
<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 19445 357619 SH DEFINED 02 234580 42534 80505
JEFFERSON PILOT CORP COM 475070108 185 3400 SH DEFINED 03 3400 0 0
ROUSE CO SUB 475447II1 130 125000 PRN DEFINED 02 0 0 125000
JOHNSON & JOHNSON COM 478160104 97630 1846436 SH DEFINED 02 1002647 488998 354791
JOHNSON & JOHNSON COM 478160104 394 7460 SH DEFINED 03 7460 0 0
JOHNSON CTLS INC COM 478366107 2927 36369 SH DEFINED 02 16749 11983 7637
JOHNSON CTLS INC COM 478366107 80 1000 SH DEFINED 03 1000 0 0
K N ENERGY INC COM 482620101 2283 57800 SH DEFINED 02 22802 22248 12750
KAMAN CORP SUB 483548AC7 339 369000 PRN DEFINED 02 288000 0 81000
KAMAN CORP COM 483548103 1678 124297 SH DEFINED 02 100847 16000 7450
KAMAN CORP CPF 483548509 2778 48530 PRN DEFINED 02 41268 620 6642
S KANN SONS CO COM STPD COM 483996104 4744 93026 SH DEFINED 02 5280 87626 120
KELLEY OIL & GAS PARTNERS LTD SUB 487736AA8 4 5000 PRN DEFINED 02 5000 0 0
KELLOGG CO COM 487836108 2035 30267 SH DEFINED 02 9317 18550 2400
TEXAS INSTRS INC SUB DEB CONV SUB 488542II4 330 170000 PRN DEFINED 02 25000 0 145000
TRINOVA CORP SUB DEB CONV SUB 490433II2 49 50000 PRN DEFINED 02 50000 0 0
KEYCORP NEW COM 493267108 248 5103 SH DEFINED 02 0 361 4742
KIMBERLY CLARK CORP COM 494368103 3627 36458 SH DEFINED 02 9190 16659 10609
KIMBERLY CLARK CORP COM 494368103 30 300 SH DEFINED 03 300 0 0
KOLLMORGEN CORP SUB 500440AA0 9 9000 PRN DEFINED 02 9000 0 0
KOPP GLASS INC COM 500990106 254 33950 SH DEFINED 02 33950 0 0
KRUPP INSD MTG LTD PARTNERSHIP COM 501120109 120 12500 SH DEFINED 02 12500 0 0
KRUGERRAND WHOLE SUB 501990501 6 1712 PRN DEFINED 02 323 1387 2
LEARNING TREE INTL INC COM 522015106 240 8600 SH DEFINED 02 0 2400 6200
LEGGETT & PLATT INC COM 524660107 780 24000 SH DEFINED 02 0 24000 0
LEGG MASON INC COM 524901105 217 5151 SH DEFINED 02 759 3592 800
LEUCADIA NATL CORP COM 527288104 1625 59100 SH DEFINED 02 0 30000 29100
LILLY ELI & CO COM 532457108 5228 63574 SH DEFINED 02 29316 26658 7600
LINCOLN NATL CORP IND COM 534187109 10871 203204 SH DEFINED 02 121721 55468 26015
LINCOLN NATL CORP IND COM 534187109 277 5175 SH DEFINED 03 4675 0 500
LOCKHEED MARTIN CORP COM 539830109 11536 137338 SH DEFINED 02 57071 33814 46453
LOCKHEED MARTIN CORP COM 539830109 168 2000 SH DEFINED 03 2000 0 0
LOEWS CORP COM 540424108 239 2700 SH DEFINED 02 0 2700 0
LOEWS CORP COM 540424108 500 5622 SH DEFINED 03 5622 0 0
LUBRIZOL CORP COM 549271104 1903 58577 SH DEFINED 02 13417 35900 9260
LUCENT TECHNOLOGIES INC COM 549463107 17151 326702 SH DEFINED 02 171606 73031 82065
LUCENT TECHNOLOGIES INC COM 549463107 221 4212 SH DEFINED 03 4003 0 209
MBIA INC COM 55262C100 493 5150 SH DEFINED 02 0 0 5150
MBNA CORP COM 55262L100 219 7875 SH DEFINED 02 675 675 6525
MCI COMMUNICATIONS CORP COM 552673105 17773 498899 SH DEFINED 02 317200 91300 90399
MCI COMMUNICATIONS CORP COM 552673105 7 200 SH DEFINED 03 200 0 0
MSD&T FNDS INC VALUE EQUITY COM 553537507 15564 953131 SH DEFINED 02 176114 8689 768326
MSD&T FNDS INC INTL EQUITY COM 553537804 31079 2500381 SH DEFINED 02 1183618 905485 411277
M S D & T FDS INC COM 553537879 1092 67007 SH DEFINED 02 67007 0 0
MSD&T FNDS INC INTL EQUITY COM 553537804 27002 2172328 SH DEFINED 02 1532695 196034 443598
MACNEAL SCHWENDLER CORP SUB 554806AA7 19 20000 PRN DEFINED 02 0 20000 0
MANOR CARE INC COM 564054104 339 13931 SH DEFINED 02 0 1850 12081
MARK IV INDS INC COM 570387100 764 32542 SH DEFINED 02 0 32542 0
MARSH & MCLENNAN COS INC COM 571748102 22456 198290 SH DEFINED 02 118745 50085 29460
MARSH & MCLENNAN COS INC COM 571748102 31 275 SH DEFINED 03 275 0 0
<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 2811 2854000 PRN DEFINED 02 1877000 385000 592000
MASCO CORP COM 574599106 278 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 519 24592 SH DEFINED 02 14737 4857 4998
MATTEL INC COM 577081102 421 17569 SH DEFINED 02 1293 6781 9495
MAY DEPT STORES CO COM 577778103 52558 1155137 SH DEFINED 02 472389 484044 198704
MAY DEPT STORES CO COM 577778103 209 4600 SH DEFINED 03 4400 0 200
MAYTAG CORP COM 578592107 382 18534 SH DEFINED 02 6850 5984 5700
MAYTAG CORP COM 578592107 9 450 SH DEFINED 03 450 0 0
MCCORMICK & CO INC COM 579780107 221 9012 SH DEFINED 02 8500 512 0
MCCORMICK & CO INC COM 579780206 19768 806892 SH DEFINED 02 296853 451877 58162
MCDONALDS CORP COM 580135101 2366 50082 SH DEFINED 02 8800 10297 30985
MCDONALDS CORP COM 580135101 66 1390 SH DEFINED 03 1390 0 0
MCDONNELL DOUGLAS CORP COM 580169100 256 4200 SH DEFINED 02 0 4200 0
MCKESSON CORP NEW COM 581557105 738 11544 SH DEFINED 02 0 11544 0
MEAD CORP COM 582834107 246 4646 SH DEFINED 02 1900 1946 800
MEDICAL CTR INS CO LTD COM 584990105 15 125000 SH DEFINED 02 125000 0 0
MEDTRONIC INC COM 585055106 759 12200 SH DEFINED 02 100 1800 10300
MELLON BK CORP COM 585509102 216 2970 SH DEFINED 02 0 2970 0
MERCANTILE BANKSHARES CORP COM 587405101 66793 1979058 SH DEFINED 02 854020 774818 350220
MERCANTILE BANKSHARES CORP COM 587405101 4440 131557 SH DEFINED 03 62375 0 69182
MERCK & CO INC COM 589331107 169560 2012591 SH DEFINED 02 930899 679073 402619
MERCK & CO INC COM 589331107 584 6935 SH DEFINED 03 6485 0 450
MEREDITH CORP COM 589433101 342 14800 SH DEFINED 02 0 800 14000
MERRILL LYNCH & CO INC COM 590188108 893 10400 SH DEFINED 02 0 10400 0
MICROSOFT CORP COM 594918104 6074 66253 SH DEFINED 02 34800 14465 16988
MID-ATLANTIC RLTY TR COM 595232109 141 12897 SH DEFINED 02 8082 3893 922
MILLIPORE CORP COM 601073109 975 23012 SH DEFINED 02 0 12420 10592
MINNESOTA MNG & MFG CO COM 604059105 75620 893601 SH DEFINED 02 470350 253764 169487
MINNESOTA MNG & MFG CO COM 604059105 446 5273 SH DEFINED 03 4823 0 450
MOBIL CORP COM 607059102 48688 372733 SH DEFINED 02 209932 102286 60515
MOBIL CORP COM 607059102 236 1810 SH DEFINED 03 1810 0 0
MOLEX INC COM 608554101 228 6439 SH DEFINED 02 487 2500 3452
MOLEX INC COM 608554200 574 16409 SH DEFINED 02 487 4450 11472
MONSANTO CO COM 611662107 1095 28640 SH DEFINED 02 5100 17020 6520
MONSANTO CO COM 611662107 27 700 SH DEFINED 03 700 0 0
MORGAN J P & CO INC COM 616880100 27816 283119 SH DEFINED 02 170058 53579 59482
MORGAN J P & CO INC COM 616880100 294 2995 SH DEFINED 03 2995 0 0
MORGAN GTY TR CO COM 61736FBT5 0 3000000 SH DEFINED 02 3000000 0 0
MORGAN GTY TR CO N Y COM 61736FBV0 300000 3000000 SH DEFINED 02 3000000 0 0
MORGAN GTY TR CO COM 61736FBT5 0 1000000 SH DEFINED 02 1000000 0 0
MORGAN GTY TR CO N Y COM 61736FBV0 100000 1000000 SH DEFINED 02 1000000 0 0
MORGAN GTY TR CO N Y COM 61736FCJ6 1200000 12000000 SH DEFINED 02 2000000 0 0
MORGAN STANLEY GROUP INC COM 617446109 387 6600 SH DEFINED 02 6000 0 600
MORTON INTL INC IND COM 619331101 4008 94864 SH DEFINED 02 49300 18389 27175
MOTOROLA INC SUB 620076AJ8 76 100000 PRN DEFINED 02 100000 0 0
MOTOROLA INC COM 620076109 66216 1094491 SH DEFINED 02 592467 271624 230400
MOTOROLA INC COM 620076109 768 12690 SH DEFINED 03 11940 0 750
MURPHY OIL CORP COM 626717102 13466 286513 SH DEFINED 02 185125 34483 66905
MURPHY OIL CORP COM 626717102 61 1300 SH DEFINED 03 1300 0 0
<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
MUTUAL SER FD INC COM 628380107 788 40732 SH DEFINED 02 1451 39281 0
MYLAN LABS INC COM 628530107 190 12800 SH DEFINED 02 4500 8000 300
NCR CORP NEW COM 62886E108 878 25020 SH DEFINED 02 10735 7550 6734
NAC RE CORP SUB 628907AC1 62 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 640 13741 SH DEFINED 02 8402 2586 2753
NATIONSBANK CORP COM 638585109 6760 121802 SH DEFINED 02 10170 100062 11570
NATIONSBANK CORP COM 638585109 123 2214 SH DEFINED 03 2214 0 0
NATIONWIDE HEALTH PPTYS INC COM 638620104 389 18200 SH DEFINED 02 0 15200 3000
NEOPATH INC COM 640517108 137 10000 SH DEFINED 02 10000 0 0
NESTLE S A COM 641069406 23085 394729 SH DEFINED 02 185440 128939 80350
NESTLE S A COM 641069406 270 4450 SH DEFINED 03 4250 0 200
NEUBERGER & BERMAN EQUITY FDS COM 641224100 631 53413 SH DEFINED 02 53413 0 0
NEW ENGLAND ELEC SYS COM 644001109 1239 36063 SH DEFINED 02 26610 7000 2453
NEWELL CO COM 651192106 5587 166797 SH DEFINED 02 25783 52064 88950
NEWPORT NEWS SHIPBUILDING INC COM 652228107 510 35194 SH DEFINED 02 50 35144 0
NEWS CORP LTD COM 652487802 3041 204500 SH DEFINED 02 99150 68450 36900
NOBLE AFFILIATES INC COM 654894104 207 5504 SH DEFINED 02 0 2360 3144
NOKIA CORP COM 654902204 497 8544 SH DEFINED 02 0 6544 2000
NORAM ENERGY CORP SUB 655419AC3 4 5000 PRN DEFINED 02 5000 0 0
NORAM ENERGY CORP COM 655419109 168 11500 SH DEFINED 02 10000 900 600
NORDSTROM INC COM 655664100 13721 362275 SH DEFINED 02 255950 18300 88025
NORDSTROM INC COM 655664100 277 7325 SH DEFINED 03 7125 0 200
NORFOLK SOUTHERN CORP COM 655844108 28669 336304 SH DEFINED 02 165911 93846 76547
NORFOLK SOUTHERN CORP COM 655844108 348 4085 SH DEFINED 03 3935 0 150
NORTHERN STS PWR CO MINN COM 665772109 2909 61407 SH DEFINED 02 40730 17917 2760
NORTHERN TR CORP COM 665859104 781 20850 SH DEFINED 02 0 9000 11850
NOVACARE INC SUB 669930AA7 1528 1675000 PRN DEFINED 02 1625000 20000 30000
NYNEX CORP COM 670768100 559 12304 SH DEFINED 02 2863 6950 2491
NYNEX CORP COM 670768100 123 2704 SH DEFINED 03 2704 0 0
OHM CORP SUB 670839AA7 18 20000 PRN DEFINED 02 20000 0 0
OLIN CORP COM 680665205 10621 267204 SH DEFINED 02 107498 151950 7756
OMNICARE INC COM 681904108 441 18800 SH DEFINED 02 0 17700 1100
OMNICOM GROUP INC COM 681919106 741 14876 SH DEFINED 02 2100 1803 10973
ORION CAP CORP COM 686268103 359 5828 SH DEFINED 02 5828 0 0
PG&E CORP COM 69331C108 305 12997 SH DEFINED 02 2808 8737 1452
PG&E CORP COM 69331C108 19 800 SH DEFINED 03 800 0 0
PHH CORP COM 693320103 1274 27642 SH DEFINED 02 5850 14300 7492
PNC BK CORP SUB 693475AA3 17 5000 PRN DEFINED 02 0 0 5000
PNC BK CORP COM 693475105 1450 36269 SH DEFINED 02 26106 6463 3700
P P & L RES INC COM 693499105 255 12626 SH DEFINED 02 5921 5472 1233
PPG INDS INC COM 693506107 11196 207341 SH DEFINED 02 111604 53326 42411
PPG INDS INC COM 693506107 8 150 SH DEFINED 03 150 0 0
PUBLIX SUPER MARKEST INC COM 694000993 1367 65091 SH DEFINED 03 65091 0 0
PACIFIC GATEWAY EXCHANGE INC COM 694327107 273 10920 SH DEFINED 02 0 10520 400
PACIFIC TELESIS GROUP COM 694890104 3424 90720 SH DEFINED 02 34376 43706 12638
PACIFIC TELESIS GROUP COM 694890104 3 80 SH DEFINED 03 0 0 80
PACIFICORP COM 695114108 11316 532563 SH DEFINED 02 303380 103765 125418
PACIFICORP COM 695114108 439 20640 SH DEFINED 03 19540 0 1100
PAYLESS SHOESOURCE INC COM 704379106 1251 29882 SH DEFINED 02 2011 17494 10377
<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
PENNEY J C INC COM 708160106 4693 98559 SH DEFINED 02 55220 27614 15725
PENNEY J C INC COM 708160106 296 6220 SH DEFINED 03 5770 0 450
PEPSICO INC COM 713448108 37841 1168840 SH DEFINED 02 688348 266664 213828
PEPSICO INC COM 713448108 352 10800 SH DEFINED 03 10300 0 500
PHARMACIA & UPJOHN INC COM 716941109 285 7792 SH DEFINED 02 2750 4712 330
PFIZER INC COM 717081103 68140 809988 SH DEFINED 02 351055 341610 117323
PFIZER INC COM 717081103 108 1280 SH DEFINED 03 1280 0 0
PHELPS DODGE CORP COM 717265102 846 11575 SH DEFINED 02 5500 3603 2472
PHILIP MORRIS COS INC COM 718154107 95529 837063 SH DEFINED 02 495680 242448 98935
PHILIP MORRIS COS INC COM 718154107 354 3100 SH DEFINED 03 2950 0 150
PHILLIPS PETE CO COM 718507106 322 7900 SH DEFINED 02 1300 6300 300
PIONEER HI BRED INTL INC COM 723686101 301 4800 SH DEFINED 02 3000 600 1200
PITNEY BOWES INC COM 724479100 2586 44033 SH DEFINED 02 880 12000 31153
PITNEY BOWES INC COM 724479100 6 100 SH DEFINED 03 100 0 0
PITTWAY CORP DEL COM 725790208 962 19850 SH DEFINED 02 0 8250 11600
POTASH CORP SASK INC COM 73755L107 492 6482 SH DEFINED 02 1500 1082 3900
POTLATCH CORP COM 737628107 5211 126734 SH DEFINED 02 55410 41976 29348
POTLATCH CORP COM 737628107 75 1825 SH DEFINED 03 1825 0 0
POTOMAC ELEC PWR CO COM 737679100 934 38135 SH DEFINED 02 21147 11542 5446
POTOMAC ELEC PWR CO COM 737679100 68 2764 SH DEFINED 03 2764 0 0
PRAXAIR INC COM 74005P104 303 6770 SH DEFINED 02 1170 900 4700
PREMARK INTL INC COM 740459102 336 16906 SH DEFINED 02 12090 3200 1616
PREMISYS COMMUNICATIONS INC COM 740584107 85 10490 SH DEFINED 02 0 9890 600
T ROWE PRICE ASSOC INC COM 741477103 6667 179600 SH DEFINED 02 1100 168600 9900
T ROWE PRICE GROWTH STK FD COM 741479109 569 21985 SH DEFINED 02 7689 7553 6742
PRIMEX TECHNOLOGIES INC COM 741597108 494 26716 SH DEFINED 02 10747 15194 775
PROCTER & GAMBLE CO COM 742718109 208806 1819662 SH DEFINED 02 1004916 636139 178607
PROCTER & GAMBLE CO COM 742718109 416 3625 SH DEFINED 03 3475 0 150
PROFFITTS INC SUB 742925AA8 53 55000 PRN DEFINED 02 50000 0 5000
PROTECTIVE LIFE CORP COM 743674103 884 21056 SH DEFINED 02 0 1656 19400
PROVIDENT BANKSHARES CORP COM 743859100 595 15455 SH DEFINED 02 2152 12883 420
PROVIDIAN CORP COM 744061102 278 5211 SH DEFINED 02 0 2500 2711
PUBLIC SVC ENTERPRISE GROUP COM 744573106 252 9612 SH DEFINED 02 3725 3650 2237
PUBLIC SVC ENTERPRISE GROUP COM 744573106 79 3000 SH DEFINED 03 3000 0 0
QUAKER OATS CO COM 747402105 448 12296 SH DEFINED 02 2160 8536 1600
QUAKER ST CORP COM 747410108 6614 430233 SH DEFINED 02 188281 87700 154252
QUALCOMM INC COM 747525103 547 9720 SH DEFINED 02 0 9320 400
QUEST DIAGNOSTICS INC COM 74834L100 1779 119612 SH DEFINED 02 75577 25281 18754
QUESTAR CORP COM 748356102 10757 298812 SH DEFINED 02 139500 95912 63400
QUESTAR CORP COM 748356102 198 5500 SH DEFINED 03 5500 0 0
RBB FD INC COM 749255105 201 13140 SH DEFINED 02 0 13140 0
RPM INC OHIO COM 749685103 3540 212980 SH DEFINED 02 34650 107075 71255
RPM INC OHIO COM 749685103 21 1250 SH DEFINED 03 1250 0 0
RALSTON PURINA CO COM 751277302 709 9079 SH DEFINED 02 1017 2907 5155
RAYTHEON CO COM 755111101 8982 199053 SH DEFINED 02 131074 33428 34551
RAYTHEON CO COM 755111101 123 2730 SH DEFINED 03 2730 0 0
READERS DIGEST ASSN INC COM 755267101 6430 223680 SH DEFINED 02 161680 37450 24550
READERS DIGEST ASSN INC COM 755267101 46 1600 SH DEFINED 03 1600 0 0
REGAL BELOIT CORP COM 758750103 2234 91200 SH DEFINED 02 19400 38500 33300
REGAL BELOIT CORP COM 758750103 44 1800 SH DEFINED 03 1800 0 0
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
REGIONS FINL CORP COM 758940100 21362 384911 SH DEFINED 02 196662 104657 83592
REGIONS FINL CORP COM 758940100 337 6070 SH DEFINED 03 6070 0 0
REPUBLIC INDS INC COM 760516104 10475 301985 SH DEFINED 02 0 0 301985
REUTERS HLDGS PLC COM 761324201 218 3748 SH DEFINED 02 2500 416 832
REVCO D S INC NEW COM 761339100 526 13000 SH DEFINED 02 0 13000 0
REYNOLDS METALS CO COM 761763101 2536 40917 SH DEFINED 02 24438 8204 8275
RESERVOIR CAP CORP SUB 761990407 1 26250 PRN DEFINED 02 0 13500 12750
ROCKWELL INTL CORP NEW COM 773903109 427 6584 SH DEFINED 02 5329 1035 220
ROHM & HAAS CO COM 775371107 516 6894 SH DEFINED 02 2808 3936 150
ROUSE CO COM 779273101 2729 93309 SH DEFINED 02 750 37400 55159
ROWE T PRICE CAP APPRECIATION COM 77954M105 156 10789 SH DEFINED 02 0 10789 0
T ROWE PRICE INTL FD INC COM 77956H203 1776 128750 SH DEFINED 02 115134 13063 552
T ROWE PRICE NEW HORIZONS FD COM 779562107 443 23005 SH DEFINED 02 0 14105 8899
ROYAL DUTCH PETE CO COM 780257705 3247 18557 SH DEFINED 02 6628 8321 3608
ROYCE FD COM 780905105 689 71337 SH DEFINED 02 0 71337 0
RUBBERMAID INC COM 781088109 4159 167227 SH DEFINED 02 112017 15100 40110
RUBBERMAID INC COM 781088109 159 6400 SH DEFINED 03 6400 0 0
SBC COMMUNICATIONS INC COM 78387G103 1927 36722 SH DEFINED 02 10175 19214 7333
SBC COMMUNICATIONS INC COM 78387G103 45 864 SH DEFINED 03 744 0 120
SAFETY KLEEN CORP COM 786484105 2061 139761 SH DEFINED 02 125761 11500 2500
ST JUDE MED INC COM 790849103 786 23575 SH DEFINED 02 15025 6240 2310
ST JUDE MED INC COM 790849103 74 2230 SH DEFINED 03 2230 0 0
ST PAUL COS INC COM 792860108 311 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 78 55000 PRN DEFINED 02 10000 0 45000
SARA LEE CORP COM 803111103 2038 50337 SH DEFINED 02 6700 33824 9813
SARA LEE CORP COM 803111103 77 1900 SH DEFINED 03 1900 0 0
SCANA CORP COM 805898103 445 17560 SH DEFINED 02 9460 6900 1200
SCANA CORP COM 805898103 51 2000 SH DEFINED 03 2000 0 0
SCHERING PLOUGH CORP COM 806605101 37446 514732 SH DEFINED 02 123600 368842 22290
SCHERING PLOUGH CORP COM 806605101 7 100 SH DEFINED 03 100 0 0
SCHLUMBERGER COM 806857108 50563 471450 SH DEFINED 02 296270 105192 69988
SCHLUMBERGER COM 806857108 343 3200 SH DEFINED 03 3200 0 0
SCHULMAN A INC COM 808194104 639 33670 SH DEFINED 02 0 27511 6159
SCUDDER INTL FD INC COM 811165109 205 4283 SH DEFINED 02 4032 250 0
SEAGRAM LTD COM 811850106 248 6500 SH DEFINED 02 0 6000 500
SEARS ROEBUCK & CO COM 812387108 1225 24441 SH DEFINED 02 14116 6509 3816
SEQUOIA FD INC COM 817418106 1083 11973 SH DEFINED 02 0 3136 8837
SERVICE CORP INTL COM 817565104 620 20850 SH DEFINED 02 0 5500 15350
SERVICEMASTER LTD PARTNERSHIP COM 817615107 3551 130329 SH DEFINED 02 2525 34517 93287
SHAW INDS INC COM 820286102 138 10900 SH DEFINED 02 0 10900 0
SHERWIN WILLIAMS CO COM 824348106 858 31784 SH DEFINED 02 3184 14000 14600
SIGMA ALDRICH CORP COM 826552101 271 8800 SH DEFINED 02 0 1600 7200
SIGNET BKG CORP COM 826681108 2380 80369 SH DEFINED 02 41860 27104 11405
SIGNET BKG CORP COM 826681108 21 700 SH DEFINED 03 500 0 200
SINCLAIR BROADCAST GROUP INC COM 829226109 382 14570 SH DEFINED 02 0 13270 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 8128 116126 SH DEFINED 02 37900 42771 35455
SMITHKLINE BEECHAM COM 832378301 35 500 SH DEFINED 03 500 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
SOLA INTL INC COM 834092108 347 15022 SH DEFINED 02 0 15022 0
SONAT INC COM 835415100 2803 51438 SH DEFINED 02 26660 22718 2060
SOUTHERN CO COM 842587107 553 26192 SH DEFINED 02 11836 9644 4712
SOUTHERN NEW ENGLAND COM 843485103 261 7300 SH DEFINED 02 5300 2000 0
SOUTHWEST AIRLS CO COM 844741108 12622 570489 SH DEFINED 02 457390 4550 108549
SOUTHWEST AIRLS CO COM 844741108 292 13200 SH DEFINED 03 12600 0 600
MCNEIL REAL ESTATE FD XXV COM 844990101 14 80000 SH DEFINED 02 80000 0 0
SOUTHWESTERN PUB SVC CO COM 845743103 398 11111 SH DEFINED 02 6518 4593 0
SPACELABS MED INC COM 846247104 456 22701 SH DEFINED 02 9431 13270 0
SPRINGS INDS INC COM 851783100 1009 22561 SH DEFINED 02 22397 164 0
SPRINT CORP COM 852061100 1221 26917 SH DEFINED 02 7272 10896 8749
SPRINT CORP COM 852061100 8 168 SH DEFINED 03 168 0 0
STANDARD COML CORP SUB 853258AA9 1903 2175000 PRN DEFINED 02 1830000 15000 330000
STANLEY WKS COM 854616109 4296 113435 SH DEFINED 02 42690 44200 26545
STANLEY WKS COM 854616109 30 800 SH DEFINED 03 800 0 0
STAPLES INC SUB 855030AC6 11 10000 PRN DEFINED 02 0 0 10000
STATE STR BOSTON CORP COM 857473102 678 9784 SH DEFINED 02 3500 6284 0
CHS HOLDING CORPORATION COM 857993117 287 57500 SH DEFINED 02 0 57500 0
STRIDE RITE CORP COM 863314100 849 57139 SH DEFINED 02 48414 0 8725
STRYKER CORP COM 863667101 656 26400 SH DEFINED 02 800 400 25200
SUBURBAN BANCSHARES INC COM 864350103 32 15000 SH DEFINED 02 15000 0 0
SUN MICROSYSTEMS INC COM 866810104 271 9400 SH DEFINED 02 900 7300 1200
SUNTRUST BKS INC COM 867914103 8675 187069 SH DEFINED 02 149477 20200 17392
SWISS BANK CORP COM 8708H6HR2 0 1000000 SH DEFINED 02 1000000 0 0
SYBRON INTL CORP - WISCONSIN COM 87114F106 410 14800 SH DEFINED 02 0 5000 9800
SYLVAN LEARNING SYS INC COM 871399101 204 8250 SH DEFINED 02 3000 1200 4050
SYMBION INC COM 871504106 7 42500 SH DEFINED 02 0 42500 0
SYSCO CORP COM 871829107 351 10300 SH DEFINED 02 2400 3500 4400
SYSCO CORP COM 871829107 27 800 SH DEFINED 03 800 0 0
TECO ENERGY INC COM 872375100 303 12647 SH DEFINED 02 6908 3256 2483
TECO ENERGY INC COM 872375100 48 2000 SH DEFINED 03 2000 0 0
TRW INC COM 872649108 408 7888 SH DEFINED 02 4128 1760 2000
TAMBRANDS INC COM 875080103 13925 323859 SH DEFINED 02 190034 66925 66900
TAMBRANDS INC COM 875080103 82 1900 SH DEFINED 03 1900 0 0
TECHNE CORP COM 878377100 360 15600 SH DEFINED 02 0 15200 400
TELLABS INC COM 879664100 339 9410 SH DEFINED 02 0 9010 400
TEMPLETON DEVELOPING MKTS TR COM 88018W104 1265 76156 SH DEFINED 02 76156 0 0
TEMPLETON FDS INC COM 880196209 448 41820 SH DEFINED 02 41820 0 0
TENET HEALTHCARE CORP SUB 88033GAD2 35 30000 PRN DEFINED 02 0 30000 0
TERADYNE INC COM 880770102 14957 518025 SH DEFINED 02 316075 75700 126250
TERADYNE INC COM 880770102 765 26500 SH DEFINED 03 24550 0 1950
TEXACO INC COM 881694103 3381 30885 SH DEFINED 02 7540 15755 7590
TEXACO INC COM 881694103 126 1150 SH DEFINED 03 1150 0 0
TEXAS INSTRUMENTS INC COM 882508104 304 4073 SH DEFINED 02 341 3600 132
TEXAS INSTRUMENTS INC COM 882508104 248 7250 SH DEFINED 03 7050 0 0
TEXAS UTILS CO COM 882848104 2866 83684 SH DEFINED 02 55774 18460 9450
THERMO ELECTRON CORP SUB 883556AE2 124 85000 PRN DEFINED 02 0 60000 25000
THERMO ELECTRON CORP COM 883556102 357 11563 SH DEFINED 02 1837 5799 3927
THOMAS & BETTS CORP COM 884315102 5688 133065 SH DEFINED 02 55627 63180 14258
THOMAS & BETTS CORP COM 884315102 21 500 SH DEFINED 03 500 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
3COM CORP COM 885535104 205 6275 SH DEFINED 02 3000 2880 395
TIME WARNER INC COM 887315109 306 7086 SH DEFINED 02 400 5504 1182
TIMES MIRROR CO NEW COM 887364107 743 13611 SH DEFINED 02 2061 8000 3550
TIMKEN CO COM 887389104 14288 267069 SH DEFINED 02 181964 12200 72905
TIMKEN CO COM 887389104 463 8650 SH DEFINED 03 8100 0 550
TORCHMARK CORP COM 891027104 657 11873 SH DEFINED 02 0 5423 6450
TOYS R US INC COM 892335100 1285 45927 SH DEFINED 02 34990 7087 3850
TRANSAMERICA CORP COM 893485102 256 2862 SH DEFINED 02 1462 0 1400
TRAVELERS GROUP INC COM 894190107 4709 98118 SH DEFINED 02 18501 74217 5400
TRAVELERS GROUP INC COM 894190107 29 599 SH DEFINED 03 599 0 0
TRIBUNE CO COM 896047107 390 9632 SH DEFINED 02 0 0 9632
TUPPERWARE CORP COM 899896104 721 21712 SH DEFINED 02 15046 3800 2866
TYCO INTL LTD COM 902120104 1281 23308 SH DEFINED 02 0 800 22508
USX-MARATHON GROUP NEW COM 902905827 913 32785 SH DEFINED 02 28597 3441 747
USX-MARATHON GROUP NEW COM 902905827 11 390 SH DEFINED 03 390 0 0
UNUM CORP COM 903192102 6295 86237 SH DEFINED 02 56064 15198 14975
USF&G CORP COM 903290104 3073 142965 SH DEFINED 02 120067 13847 9051
UNILEVER N V COM 904784501 10772 57840 SH DEFINED 02 16998 22122 18720
UNION BK SWITZERLAND COM 9053H7AA4 0 1000000 SH DEFINED 02 1000000 0 0
UNION CAMP CORP COM 905530101 21545 457200 SH DEFINED 02 317545 55570 84085
UNION CAMP CORP COM 905530101 240 5100 SH DEFINED 03 4800 0 300
UNION NATL BANCORP INC COM 907103105 490 14000 SH DEFINED 02 0 0 14000
UNION PAC CORP COM 907818108 11384 200606 SH DEFINED 02 79181 83233 38192
UNION PAC CORP COM 907818108 6 100 SH DEFINED 03 100 0 0
UNION PAC RES GROUP INC COM 907834105 4190 156647 SH DEFINED 02 59568 66804 30275
UNISOURCE WORLDWIDE INC COM 909208100 170 11094 SH DEFINED 02 200 3604 7290
UNITED DOMINION RLTY TR INC COM 910197102 220 14949 SH DEFINED 02 0 2083 12866
UNITED DOMINION RLTY TR INC COM 910197102 3 200 SH DEFINED 03 200 0 0
U S BANCORP COM 911596104 27 500 SH DEFINED 03 500 0 0
UNITED PARACALE MNG CO COM 911990307 0 25834 SH DEFINED 02 25834 0 0
U S WEST INC COM 912889102 529 15631 SH DEFINED 02 5226 8171 2234
U S WEST INC COM 912889102 13 374 SH DEFINED 03 374 0 0
U S WEST INC COM 912889201 279 15098 SH DEFINED 02 4340 8444 2314
U S WEST INC COM 912889201 18 96 SH DEFINED 03 96 0 0
UNITED TECHNOLOGIES CORP COM 913017109 29565 390305 SH DEFINED 02 228901 100284 61120
UNIVERSAL CORP VA COM 913456109 655 22700 SH DEFINED 02 0 21800 900
UNIVERSAL FOODS CORP COM 913538104 6752 203085 SH DEFINED 02 140875 4300 57910
UNIVERSAL FOODS CORP COM 913538104 141 4240 SH DEFINED 03 4240 0 0
UNOCAL CORP COM 915289102 221 5811 SH DEFINED 02 2296 3215 300
V F CORP COM 918204108 6748 100919 SH DEFINED 02 65284 16660 18975
VANCE SANDERS EXCH FD COM 921902102 1885 4319 SH DEFINED 02 0 4319 0
VANGUARD SPECIALIZED COM 921908703 1690 134399 SH DEFINED 02 0 87712 46686
VANGUARD / WELLINGTON FD INC COM 921935102 233 8970 SH DEFINED 02 93 8877 0
VANGUARD / WINDSOR FD INC COM 922018106 232 13563 SH DEFINED 02 2895 10668 0
VASTAR RES INC COM 922380100 201 7000 SH DEFINED 02 0 7000 0
VANGUARD INDEX TR COM 922908108 392 5548 SH DEFINED 02 443 140 4964
VIACOM INC COM 925524308 499 15080 SH DEFINED 02 0 15080 0
WMX TECHNOLOGIES INC COM 92929Q107 757 24728 SH DEFINED 02 2800 7800 14128
WABAN INC SUB 929394AA2 136 115000 PRN DEFINED 02 100000 0 15000
WACHOVIA CORP NEW COM 929771103 9176 168367 SH DEFINED 02 58543 67324 42500
<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
WACHOVIA CORP NEW COM 929771103 129 2370 SH DEFINED 03 2370 0 0
WAL MART STORES INC COM 931142103 14799 530910 SH DEFINED 02 270690 144700 115520
WAL MART STORES INC COM 931142103 171 6150 SH DEFINED 03 5950 0 200
WALGREEN CO COM 931422109 519 12400 SH DEFINED 02 2000 1800 8600
WARNER LAMBERT CO COM 934488107 38371 443606 SH DEFINED 02 181786 150644 111176
WARNER LAMBERT CO COM 934488107 35 400 SH DEFINED 03 400 0 0
WASHINGTON GAS LT CO COM 938837101 478 21248 SH DEFINED 02 11496 8244 1508
WASHINGTON GAS LT CO COM 938837101 16 692 SH DEFINED 01 692 0 0
WASHINGTON GAS LT CO COM 938837101 72 3200 SH DEFINED 03 3200 0 0
WASHINGTON MUT INVS FD INC COM 939330106 1351 53696 SH DEFINED 02 28073 20412 5210
WASHINGTON POST CO COM 939640108 18134 52717 SH DEFINED 02 14517 5076 33124
WATERS CORP COM 941848103 244 9155 SH DEFINED 02 9155 0 0
WELLS FARGO & CO COM 949740104 355 1250 SH DEFINED 02 0 1250 0
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 650 50000 SH DEFINED 02 0 50000 0
WESTINGHOUSE ELEC CORP COM 960402105 226 12695 SH DEFINED 02 5448 4156 3091
WESTINGHOUSE ELEC CORP COM 960402105 54 3000 SH DEFINED 03 3000 0 0
WESTLAND GARDENS CO COM 960990208 250 75 SH DEFINED 02 0 0 75
WESTVACO CORP COM 961548104 17759 706835 SH DEFINED 02 459464 102721 144650
WESTVACO CORP COM 961548104 171 6795 SH DEFINED 03 6795 0 0
WEYERHAEUSER CO COM 962166104 348 7801 SH DEFINED 02 1000 6801 0
WHIRLPOOL CORP COM 963320106 3627 76176 SH DEFINED 02 7500 44776 23900
WHITTAKER CORPORATION NEW COM 966680407 303 30000 SH DEFINED 02 0 30000 0
WINN DIXIE STORES INC COM 974280109 387 11736 SH DEFINED 02 7500 0 4236
WISCONSIN ENERGY CORP COM 976657106 11840 483286 SH DEFINED 02 294562 75805 112919
WISCONSIN ENERGY CORP COM 976657106 194 7910 SH DEFINED 03 7910 0 0
WITCO CORP COM 977385103 26068 766727 SH DEFINED 02 408573 192087 166067
WITCO CORP COM 977385103 36 1050 SH DEFINED 03 1050 0 0
WOLVERINE TUBE INC COM 978093102 322 12418 SH DEFINED 02 0 3008 9410
WORTHINGTON INDS INC COM 981811102 15386 804500 SH DEFINED 02 412200 188200 204100
WORTHINGTON INDS INC COM 981811102 170 8900 SH DEFINED 03 8900 0 0
WRIGLEY WM JR CO COM 982526105 348 5970 SH DEFINED 02 1650 3120 1200
XEROX CORP COM 984121103 1250 21992 SH DEFINED 02 5303 13689 3000
REPORT SUMMARY 732 DATA RECORDS 6129092 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
|
|