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<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 3/31/98
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 05/06/98
Other Managers on Whose Behalf this Report is Filed:
01 FREDERICKTOWN BANK & TRUST
04 MARSHALL NATIONAL BANK & TRUST COMPANY
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 00000671 00031232 SH DEFINED 02 00000000 00031232 00000000
AT&T CORP COM 001957109 00037322 00567620 SH DEFINED 02 00000000 00567620 00000000
AT&T CORP COM 001957109 00000830 00012624 SH DEFINED 03 00000000 00012624 00000000
AT&T CORP COM 001957109 00000054 00000900 SH DEFINED 04 00000900 00000000 00000000
ATL ULTRASOUND INC COM 00207N100 00001109 00021806 SH DEFINED 02 00000000 00021806 00000000
ABB AB COM 00256Q103 00008618 00061890 SH DEFINED 02 00000000 00061890 00000000
ABB AB COM 00256Q103 00000006 00000050 SH DEFINED 03 00000000 00000050 00000000
ABBOTT LABS COM 002824100 00025960 00344702 SH DEFINED 02 00000000 00344702 00000000
ABBOTT LABS COM 002824100 00000267 00003550 SH DEFINED 03 00000000 00003550 00000000
ABBOTT LABS COM 002824100 00000179 00002450 SH DEFINED 04 00002450 00000000 00000000
ACNIELSON CORPORATION W/I COM 004833109 00001885 00071310 SH DEFINED 02 00000000 00071310 00000000
AETNA INC COM 008117103 00000008 00000100 SH DEFINED 04 00000100 00000000 00000000
AETNA INC PFD 008117202 00001794 00022414 SH DEFINED 02 00000000 00022414 00000000
AFFLIATED COMPUTER SVCS A COM 008190100 00001169 00035180 SH DEFINED 02 00000000 00035180 00000000
AIR PRODS & CHEMS INC COM 009158106 00045211 00545527 SH DEFINED 02 00000000 00545527 00000000
AIR PRODS & CHEMS INC COM 009158106 00000504 00006090 SH DEFINED 03 00000000 00006090 00000000
AIRTOUCH COMMUNICATIONS INC COM 00949T100 00013275 00271267 SH DEFINED 02 00000000 00271267 00000000
AIRTOUCH COMMUNICATIONS INC COM 00949T100 00000031 00000636 SH DEFINED 03 00000000 00000636 00000000
AIRTOUCH COMMUNICATIONS INC COM 00949T100 00000013 00000240 SH DEFINED 04 00000240 00000000 00000000
AIRTOUCH COMMUNICATIONS CPF 00949T209 00000835 00020700 SH DEFINED 03 00000000 00020700 00000000
AIRTOUCH COMMUNICATIONS CPF 00949T209 00019368 00479700 SH DEFINED 02 00000000 00479700 00000000
ALLEGHENY ENERGY INC COM 017361106 00000556 00016573 SH DEFINED 02 00000000 00016573 00000000
ALLIED SIGNAL INC COM 019512102 00000025 00000600 SH DEFINED 03 00000000 00000600 00000000
ALLIED SIGNAL INC COM 019512102 00001307 00031128 SH DEFINED 02 00000000 00031128 00000000
ALLIED SIGNAL INC COM 019512102 00000009 00000200 SH DEFINED 04 00000200 00000000 00000000
ALLSTATE CORP COM 020002101 00007953 00086513 SH DEFINED 02 00000000 00086513 00000000
ALLSTATE CORP COM 020002101 00000452 00004925 SH DEFINED 03 00000000 00004925 00000000
ALLSTATE CORP COM 020002101 00000018 00000185 SH DEFINED 04 00000185 00000000 00000000
ALLTRISTA CORP COM 020040101 00000534 00019100 SH DEFINED 02 00000000 00019100 00000000
ALUMINUM CO AMER COM 022249106 00003889 00056517 SH DEFINED 02 00000000 00056517 00000000
ALZA CORP SUB 022615AD0 00000672 00525000 SH DEFINED 02 00000000 00525000 00000000
AMERICA ONLINE INC DEL COM 02364J104 00000792 00011600 SH DEFINED 02 00000000 00011600 00000000
AMERICAN ELEC PWR INC COM 025537101 00000783 00015584 SH DEFINED 02 00000000 00015584 00000000
AMERICAN EXPRESS CO COM 025816109 00000010 00000100 SH DEFINED 04 00000100 00000000 00000000
AMERICAN EXPRESS CO COM 025816109 00005193 00056570 SH DEFINED 02 00000000 00056570 00000000
AMERICAN GENERAL CORP COM 026351106 00018443 00285115 SH DEFINED 02 00000000 00285115 00000000
AMERICAN HOME PRODS CORP COM 026609107 00154767 01622711 SH DEFINED 02 00000000 01622711 00000000
AMERICAN HOME PRODS CORP COM 026609107 00001106 00011600 SH DEFINED 03 00000000 00011600 00000000
AMERICAN INTL GROUP INC COM 026874107 00000118 00000900 SH DEFINED 04 00000900 00000000 00000000
AMERICAN INTL GROUP INC COM 026874107 00024453 00194170 SH DEFINED 02 00000000 00194170 00000000
AMERICAN INTL GROUP INC COM 026874107 00000607 00004819 SH DEFINED 03 00000000 00004819 00000000
AMERICAN PWR CONVERSION CORP COM 029066107 00001538 00053615 SH DEFINED 02 00000000 00053615 00000000
AMERITECH CORP NEW COM 030954101 00000135 00002744 SH DEFINED 03 00000000 00002744 00000000
AMERITECH CORP NEW COM 030954101 00025505 00515913 SH DEFINED 02 00000000 00515913 00000000
AMGEN INC COM 031162100 00024513 00402675 SH DEFINED 02 00000000 00402675 00000000
AMGEN INC COM 031162100 00000398 00006550 SH DEFINED 03 00000000 00006550 00000000
AMP INC COM 031897101 00039938 00911561 SH DEFINED 02 00000000 00911561 00000000
AMP INC COM 031897101 00000223 00005100 SH DEFINED 03 00000000 00005100 00000000
AMOCO CORP COM 031905102 00062108 00719036 SH DEFINED 02 00000000 00719036 00000000
AMOCO CORP COM 031905102 00000837 00009694 SH DEFINED 03 00000000 00009694 00000000
<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
AMSOUTH BANCORPORATION COM 032165102 00001973 00033414 SH DEFINED 02 00000000 00033414 00000000
ANALOG DEVICES INC COM 032654105 00000350 00010544 SH DEFINED 02 00000000 00010544 00000000
ANHEUSER BUSCH COS INC COM 035229103 00000800 00017310 SH DEFINED 02 00000000 00017310 00000000
APACHE CORP COM 037411105 00001389 00037818 SH DEFINED 02 00000000 00037818 00000000
APPLIED INDL TECHNOLOGIES INC COM 03820C105 00000050 00001862 SH DEFINED 03 00000000 00001862 00000000
APPLIED INDL TECHNOLOGIES INC COM 03820C105 00003646 00135366 SH DEFINED 02 00000000 00135366 00000000
ARCHER DANIELS MIDLAND CO COM 039483102 00000472 00021553 SH DEFINED 02 00000000 00021553 00000000
ATLANTIC RICHFIELD CO COM 048825103 00046556 00592111 SH DEFINED 02 00000000 00592111 00000000
ATLANTIC RICHFIELD CO COM 048825103 00000861 00010951 SH DEFINED 03 00000000 00010951 00000000
AUTODESK INC COM 052769106 00010531 00244205 SH DEFINED 02 00000000 00244205 00000000
AUTOLIV INC COM 052800109 00000372 00011991 SH DEFINED 02 00000000 00011991 00000000
AUTOMATIC DATA PROCESSING INC COM 053015103 00000921 00013533 SH DEFINED 02 00000000 00013533 00000000
AVERY DENNISON CORP COM 053611109 00000984 00018452 SH DEFINED 02 00000000 00018452 00000000
AVNET INC COM 053807103 00008117 00141022 SH DEFINED 02 00000000 00141022 00000000
BALTIMORE CEMETERY COMPANY COM 058991100 00002925 00058500 SH DEFINED 02 00000000 00058500 00000000
BALTIMORE GAS & ELEC CO COM 059165100 00000049 00001500 SH DEFINED 03 00000000 00001500 00000000
BALTIMORE GAS & ELEC CO COM 059165100 00024544 00750862 SH DEFINED 02 00000000 00750862 00000000
BALTIMORE GAS & ELEC CO COM 059165100 00000013 00000400 SH DEFINED 04 00000400 00000000 00000000
BANC ONE CORP COM 059438101 00000699 00011060 SH DEFINED 02 00000000 00011060 00000000
BANK NEW YORK INC COM 064057102 00000636 00010132 SH DEFINED 02 00000000 00010132 00000000
BANKERS TR N Y CORP COM 066365107 00003003 00024965 SH DEFINED 02 00000000 00024965 00000000
BARD C R INC COM 067383109 00000665 00018105 SH DEFINED 02 00000000 00018105 00000000
BARRICK GOLD CORP COM 067901108 00000269 00012460 SH DEFINED 02 00000000 00012460 00000000
BAXTER INTL INC COM 071813109 00000116 00002100 SH DEFINED 04 00002100 00000000 00000000
BAXTER INTL INC COM 071813109 00002189 00039720 SH DEFINED 02 00000000 00039720 00000000
BECKMAN INSTRS INC COM 075816108 00001562 00027269 SH DEFINED 02 00000000 00027269 00000000
BECKMAN INSTRS INC COM 075816108 00000124 00002170 SH DEFINED 03 00000000 00002170 00000000
BECTON DICKINSON & CO COM 075887109 00001759 00025850 SH DEFINED 02 00000000 00025850 00000000
BELL ATLANTIC CORP COM 077853109 00000040 00000428 SH DEFINED 04 00000428 00000000 00000000
BELL ATLANTIC CORP COM 077853109 00000422 00004127 SH DEFINED 03 00000000 00004127 00000000
BELL ATLANTIC CORP COM 077853109 00021134 00206688 SH DEFINED 02 00000000 00206688 00000000
BELLSOUTH CORP COM 079860102 00000027 00000428 SH DEFINED 04 00000428 00000000 00000000
BELLSOUTH CORP COM 079860102 00053089 00787229 SH DEFINED 02 00000000 00787229 00000000
BELLSOUTH CORP COM 079860102 00000939 00013934 SH DEFINED 03 00000000 00013934 00000000
BENCHMARK ELECTRS INC COM 08160H101 00000559 00023500 SH DEFINED 02 00000000 00023500 00000000
BENEFICIAL CORP COM 081721102 00002271 00018269 SH DEFINED 02 00000000 00018269 00000000
BESTFOODS COM 08658U101 00031842 00272441 SH DEFINED 02 00000000 00272441 00000000
BESTFOODS COM 08658U101 00000187 00001600 SH DEFINED 03 00000000 00001600 00000000
BLACK & DECKER CORP COM 091797100 00003310 00062390 SH DEFINED 02 00000000 00062390 00000000
BLOUNT INTL INC COM 095177101 00000886 00029800 SH DEFINED 02 00000000 00029800 00000000
BOEING CO COM 097023105 00030443 00584029 SH DEFINED 02 00000000 00584029 00000000
BOEING CO COM 097023105 00000512 00009830 SH DEFINED 03 00000000 00009830 00000000
BOEING CO COM 097023105 00000052 00001030 SH DEFINED 04 00001030 00000000 00000000
BOSTON METALS COMPANY NON-VTG COM 100990100 00000885 00073815 SH DEFINED 02 00000000 00073815 00000000
BRISTOL MYERS SQUIBB CO COM 110122108 00249828 02394995 SH DEFINED 02 00000000 02394995 00000000
BRISTOL MYERS SQUIBB CO COM 110122108 00000876 00008400 SH DEFINED 03 00000000 00008400 00000000
BRITISH PETE LTD COM 110889409 00016013 00186072 SH DEFINED 02 00000000 00186072 00000000
BROWNING FERRIS INDS INC COM 115885105 00000168 00005150 SH DEFINED 03 00000000 00005150 00000000
BROWNING FERRIS INDS INC COM 115885105 00000211 00006475 SH DEFINED 02 00000000 00006475 00000000
BURLINGTON NORTHN SANTA FE COM 12189T104 00002466 00023721 SH DEFINED 02 00000000 00023721 00000000
<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
BURLINGTON NORTHN SANTA FE COM 12189T104 00000004 00000041 SH DEFINED 04 00000041 00000000 00000000
BURLINGTON NORTHN SANTA FE COM 12189T104 00000025 00000244 SH DEFINED 03 00000000 00000244 00000000
BURLINGTON RES INC COM 122014103 00000645 00013465 SH DEFINED 02 00000000 00013465 00000000
BURMAH CASTROL PLC COM 122169303 00019228 00470415 SH DEFINED 02 00000000 00470415 00000000
BURMAH CASTROL PLC COM 122169303 00000233 00005700 SH DEFINED 03 00000000 00005700 00000000
CBS CORP COM 12490K107 00000067 00002000 SH DEFINED 03 00000000 00002000 00000000
CBS CORP COM 12490K107 00000536 00015819 SH DEFINED 02 00000000 00015819 00000000
CSX CORP COM 126408103 00000071 00001200 SH DEFINED 03 00000000 00001200 00000000
CSX CORP COM 126408103 00000058 00001106 SH DEFINED 04 00001106 00000000 00000000
CSX CORP COM 126408103 00004172 00070132 SH DEFINED 02 00000000 00070132 00000000
CVS CORPORATION DELAWARE COM 126650100 00001188 00015744 SH DEFINED 02 00000000 00015744 00000000
CABLE & WIRELESS PUB LTD CO COM 126830207 00000449 00011900 SH DEFINED 02 00000000 00011900 00000000
CAMPBELL SOUP CO COM 134429109 00000996 00017566 SH DEFINED 02 00000000 00017566 00000000
CANADIAN NATL RY CO COM 136375102 00005489 00085775 SH DEFINED 02 00000000 00085775 00000000
CAPITAL ONE FINL CORP COM 14040H105 00000063 00000800 SH DEFINED 03 00000000 00000800 00000000
CAPITAL ONE FINL CORP COM 14040H105 00004030 00051099 SH DEFINED 02 00000000 00051099 00000000
CAROLINA PWR & LT CO COM 144141108 00000673 00014874 SH DEFINED 02 00000000 00014874 00000000
CATERPILLAR INC COM 149123101 00042617 00773974 SH DEFINED 02 00000000 00773974 00000000
CATERPILLAR INC COM 149123101 00000264 00004800 SH DEFINED 03 00000000 00004800 00000000
CEDAR FAIR L P COM 150185106 00000687 00025000 SH DEFINED 02 00000000 00025000 00000000
CENDANT CORP COM 151313103 00001888 00047521 SH DEFINED 02 00000000 00047521 00000000
CENTRAL & SOUTH WEST CORP COM 152357109 00000183 00006856 SH DEFINED 03 00000000 00006856 00000000
CENTRAL & SOUTH WEST CORP COM 152357109 00000640 00023935 SH DEFINED 02 00000000 00023935 00000000
CHASE MANHATTAN CORP NEW COM 16161A108 00000071 00000516 SH DEFINED 04 00000516 00000000 00000000
CHASE MANHATTAN CORP NEW COM 16161A108 00001606 00011913 SH DEFINED 02 00000000 00011913 00000000
CHEVRON CORP COM 166751107 00055213 00687473 SH DEFINED 02 00000000 00687473 00000000
CHEVRON CORP COM 166751107 00000033 00000400 SH DEFINED 04 00000400 00000000 00000000
CHEVRON CORP COM 166751107 00000013 00000168 SH DEFINED 03 00000000 00000168 00000000
CHIRON CORP COM 170040109 00000247 00011808 SH DEFINED 02 00000000 00011808 00000000
CHUBB CORP COM 171232101 00065077 00830323 SH DEFINED 02 00000000 00830323 00000000
CHUBB CORP COM 171232101 00000419 00005355 SH DEFINED 03 00000000 00005355 00000000
CINCINNATI BELL INC COM 171870108 00002156 00060525 SH DEFINED 02 00000000 00060525 00000000
CISCO SYS INC COM 17275R102 00000398 00005825 SH DEFINED 03 00000000 00005825 00000000
CISCO SYS INC COM 17275R102 00020436 00298890 SH DEFINED 02 00000000 00298890 00000000
CITICORP COM 173034109 00003476 00024481 SH DEFINED 02 00000000 00024481 00000000
CITICORP COM 173034109 00000056 00000400 SH DEFINED 03 00000000 00000400 00000000
CLEAR CHANNEL COMMUNICATIONS COM 184502102 00001660 00016946 SH DEFINED 02 00000000 00016946 00000000
COCA COLA CO COM 191216100 00000228 00003000 SH DEFINED 04 00003000 00000000 00000000
COCA COLA CO COM 191216100 00109518 01414276 SH DEFINED 02 00000000 01414276 00000000
COCA COLA CO COM 191216100 00000478 00006175 SH DEFINED 03 00000000 00006175 00000000
COGNIZANT CORPORATION COM 192441103 00021760 00379270 SH DEFINED 02 00000000 00379270 00000000
COLGATE PALMOLIVE CO COM 194162103 00025299 00291635 SH DEFINED 02 00000000 00291635 00000000
COLGATE PALMOLIVE CO COM 194162103 00000645 00007440 SH DEFINED 03 00000000 00007440 00000000
COLUMBIA / HCA HEALTHCARE COM 197677107 00000013 00000396 SH DEFINED 04 00000396 00000000 00000000
COLUMBIA / HCA HEALTHCARE COM 197677107 00000545 00016914 SH DEFINED 02 00000000 00016914 00000000
COMCAST CORP COM 200300101 00000414 00011957 SH DEFINED 02 00000000 00011957 00000000
COMERICA INC COM 200340107 00004212 00039810 SH DEFINED 02 00000000 00039810 00000000
COMERICA INC COM 200340107 00000354 00003350 SH DEFINED 03 00000000 00003350 00000000
COMPUTER PRODS INC COM 205300106 00000388 00016665 SH DEFINED 02 00000000 00016665 00000000
CONAGRA INC COM 205887102 00009309 00289784 SH DEFINED 02 00000000 00289784 00000000
<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
CONCORD EFS INC COM 206197105 00001451 00041995 SH DEFINED 02 00000000 00041995 00000000
CONECTIV INC COM 206829103 00000917 00041820 SH DEFINED 02 00000000 00041820 00000000
CONECTIV INC COM 206829103 00000003 00000150 SH DEFINED 03 00000000 00000150 00000000
CONSECO INC COM 208464107 00000000 00000002 SH DEFINED 03 00000000 00000002 00000000
CONSECO INC COM 208464107 00001417 00025036 SH DEFINED 02 00000000 00025036 00000000
CONSOLIDATED NAT GAS CO COM 209615103 00000030 00000520 SH DEFINED 03 00000000 00000520 00000000
CONSOLIDATED NAT GAS CO COM 209615103 00005896 00102205 SH DEFINED 02 00000000 00102205 00000000
COOPER INDS INC COM 216669101 00013058 00219704 SH DEFINED 02 00000000 00219704 00000000
CORESTATES FINL CORP COM 218695104 00074044 00824993 SH DEFINED 02 00000000 00824993 00000000
CORESTATES FINL CORP COM 218695104 00000343 00003825 SH DEFINED 03 00000000 00003825 00000000
CORN PRODS INTL INC COM 219023108 00001399 00039005 SH DEFINED 02 00000000 00039005 00000000
CORNING DEL L P PFD 219319209 00001585 00023150 SH DEFINED 02 00000000 00023150 00000000
CORNING DEL L P PFD 219319209 00000198 00002900 SH DEFINED 03 00000000 00002900 00000000
CORNING INC COM 219350105 00055260 01248789 SH DEFINED 02 00000000 01248789 00000000
CORNING INC COM 219350105 00000710 00016055 SH DEFINED 03 00000000 00016055 00000000
COVANCE INC COM 222816100 00004119 00167709 SH DEFINED 02 00000000 00167709 00000000
COX COMMUNICATIONS INC NEW COM 224044107 00001767 00042094 SH DEFINED 02 00000000 00042094 00000000
CRESTAR FINL CORP COM 226091106 00000017 00000300 SH DEFINED 03 00000000 00000300 00000000
CRESTAR FINL CORP COM 226091106 00004011 00067842 SH DEFINED 02 00000000 00067842 00000000
CRESTAR FINL CORP COM 226091106 00000221 00003690 SH DEFINED 04 00003690 00000000 00000000
DPL INC COM 233293109 00000136 00007020 SH DEFINED 03 00000000 00007020 00000000
DPL INC COM 233293109 00003266 00167498 SH DEFINED 02 00000000 00167498 00000000
DSC COMMUNICATIONS COM 233311109 00002381 00130910 SH DEFINED 02 00000000 00130910 00000000
DSC COMMUNICATIONS COM 233311109 00000058 00003200 SH DEFINED 03 00000000 00003200 00000000
DANA CORP COM 235811106 00005824 00100307 SH DEFINED 02 00000000 00100307 00000000
DEERE & CO COM 244199105 00016573 00267580 SH DEFINED 02 00000000 00267580 00000000
DEERE & CO COM 244199105 00000012 00000200 SH DEFINED 03 00000000 00000200 00000000
DELTA AIR LINES INC DEL COM 247361108 00000044 00000375 SH DEFINED 03 00000000 00000375 00000000
DELTA AIR LINES INC DEL COM 247361108 00006585 00055692 SH DEFINED 02 00000000 00055692 00000000
DIGI INTL INC COM 253798102 00000300 00010900 SH DEFINED 02 00000000 00010900 00000000
DIGITAL EQUIP CORP COM 253849103 00000718 00013756 SH DEFINED 02 00000000 00013756 00000000
DISNEY WALT CO COM 254687106 00015432 00144567 SH DEFINED 02 00000000 00144567 00000000
DISNEY WALT CO COM 254687106 00000112 00000900 SH DEFINED 04 00000900 00000000 00000000
DISNEY WALT CO COM 254687106 00000146 00001376 SH DEFINED 03 00000000 00001376 00000000
DOMINION RES INC VA COM 257470104 00000008 00000200 SH DEFINED 04 00000200 00000000 00000000
DOMINION RES INC VA COM 257470104 00000764 00018295 SH DEFINED 02 00000000 00018295 00000000
DOMINION RES INC VA COM 257470104 00000322 00007709 SH DEFINED 03 00000000 00007709 00000000
DONALDSON INC COM 257651109 00000729 00028332 SH DEFINED 02 00000000 00028332 00000000
DONNELLEY R R & SONS CO COM 257867101 00002130 00051876 SH DEFINED 02 00000000 00051876 00000000
DOVER CORP COM 260003108 00000215 00005660 SH DEFINED 03 00000000 00005660 00000000
DOVER CORP COM 260003108 00000243 00006150 SH DEFINED 04 00005600 00000550 00000000
DOVER CORP COM 260003108 00020823 00547993 SH DEFINED 02 00000000 00547993 00000000
DOW CHEM CO COM 260543103 00000058 00000600 SH DEFINED 04 00000600 00000000 00000000
DOW CHEM CO COM 260543103 00018139 00186513 SH DEFINED 02 00000000 00186513 00000000
DOW CHEM CO COM 260543103 00000058 00000600 SH DEFINED 03 00000000 00000600 00000000
DRESSER INDS INC COM 261597108 00023068 00479953 SH DEFINED 02 00000000 00479953 00000000
DRESSER INDS INC COM 261597108 00000225 00004700 SH DEFINED 03 00000000 00004700 00000000
DU PONT E I DE NEMOURS & CO COM 263534109 00000149 00002050 SH DEFINED 04 00002050 00000000 00000000
DU PONT E I DE NEMOURS & CO COM 263534109 00124399 01829397 SH DEFINED 02 00000000 01829397 00000000
DU PONT E I DE NEMOURS & CO COM 263534109 00001144 00016830 SH DEFINED 03 00000000 00016830 00000000
<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
DUKE ENERGY CORP COM 264399106 00000125 00002100 SH DEFINED 03 00000000 00002100 00000000
DUKE ENERGY CORP COM 264399106 00011156 00187301 SH DEFINED 02 00000000 00187301 00000000
DUKE ENERGY CORP COM 264399106 00000058 00001000 SH DEFINED 04 00001000 00000000 00000000
DUN & BRADSTREET CORP COM 264830100 00012965 00379240 SH DEFINED 02 00000000 00379240 00000000
EASTMAN KODAK CO COM 277461109 00010693 00164823 SH DEFINED 02 00000000 00164823 00000000
EATON CORP COM 278058102 00003325 00034937 SH DEFINED 02 00000000 00034937 00000000
ELECTRONIC DATA SYS CORP NEW COM 285661104 00000467 00010190 SH DEFINED 03 00000000 00010190 00000000
ELECTRONIC DATA SYS CORP NEW COM 285661104 00028965 00631378 SH DEFINED 02 00000000 00631378 00000000
EMERSON ELEC CO COM 291011104 00000101 00001550 SH DEFINED 03 00000000 00001550 00000000
EMERSON ELEC CO COM 291011104 00044713 00685915 SH DEFINED 02 00000000 00685915 00000000
ENRON CORP COM 293561106 00000402 00008675 SH DEFINED 03 00000000 00008675 00000000
ENRON CORP COM 293561106 00025686 00553869 SH DEFINED 02 00000000 00553869 00000000
EQUITABLE RES INC COM 294549100 00006743 00202799 SH DEFINED 02 00000000 00202799 00000000
ERICSSON L M TEL CO COM 294821400 00000011 00000250 SH DEFINED 03 00000000 00000250 00000000
ERICSSON L M TEL CO COM 294821400 00026526 00557710 SH DEFINED 02 00000000 00557710 00000000
EXXON CORP COM 302290101 00001410 00020852 SH DEFINED 03 00000000 00020852 00000000
EXXON CORP COM 302290101 00216854 03206699 SH DEFINED 02 00000000 03206699 00000000
EXXON CORP COM 302290101 00000431 00005895 SH DEFINED 04 00005895 00000000 00000000
F&M BANCORP COM 302367107 00003106 00075309 SH DEFINED 02 00000000 00075309 00000000
FPL GROUP INC COM 302571104 00000951 00014808 SH DEFINED 02 00000000 00014808 00000000
FCNB CORP COM 302920103 00000579 00018547 SH DEFINED 02 00000000 00018547 00000000
FASTENAL CO COM 311900104 00001662 00038330 SH DEFINED 02 00000000 00038330 00000000
FREDDIE MAC COM 313400301 00002614 00055124 SH DEFINED 02 00000000 00055124 00000000
FEDERAL NATL MTG ASSN COM 313586109 00000013 00000300 SH DEFINED 04 00000300 00000000 00000000
FEDERAL NATL MTG ASSN COM 313586109 00000913 00014440 SH DEFINED 02 00000000 00014440 00000000
FELCOR SUITE HOTEL CPF 314305202 00000521 00018125 SH DEFINED 02 00000000 00018125 00000000
FIRST CHICAGO NBD CORP COM 31945A100 00001191 00013516 SH DEFINED 02 00000000 00013516 00000000
FIRST DATA CORP COM 319963104 00001514 00046591 SH DEFINED 02 00000000 00046591 00000000
FIRST UN CORP COM 337358105 00000092 00001620 SH DEFINED 03 00000000 00001620 00000000
FIRST UN CORP COM 337358105 00005827 00102578 SH DEFINED 02 00000000 00102578 00000000
FIRST UN CORP COM 337358105 00000204 00003380 SH DEFINED 04 00003380 00000000 00000000
FIRSTAR CORP NEW COM 33761C103 00000852 00021592 SH DEFINED 02 00000000 00021592 00000000
FLEETWOOD ENTERPRISES INC COM 339099103 00005156 00110750 SH DEFINED 02 00000000 00110750 00000000
FLORIDA PROGRESS CORP COM 341109106 00000490 00011772 SH DEFINED 02 00000000 00011772 00000000
FLUOR CORP COM 343861100 00015004 00301605 SH DEFINED 02 00000000 00301605 00000000
FLUOR CORP COM 343861100 00000030 00000634 SH DEFINED 04 00000634 00000000 00000000
FLUOR CORP COM 343861100 00000281 00005650 SH DEFINED 03 00000000 00005650 00000000
FORD MTR CO DEL COM 345370100 00000116 00001792 SH DEFINED 03 00000000 00001792 00000000
FORD MTR CO DEL COM 345370100 00001219 00018812 SH DEFINED 02 00000000 00018812 00000000
FORTUNE BRANDS INC COM 349631101 00005140 00128907 SH DEFINED 02 00000000 00128907 00000000
FORTUNE BRANDS INC COM 349631101 00000045 00001150 SH DEFINED 03 00000000 00001150 00000000
FREEPORT-MCMORAN COPPER & GOLD COM 35671D857 00000235 00011800 SH DEFINED 02 00000000 00011800 00000000
GTE CORP COM 362320103 00000095 00001625 SH DEFINED 04 00001625 00000000 00000000
GTE CORP COM 362320103 00052761 00881179 SH DEFINED 02 00000000 00881179 00000000
GTE CORP COM 362320103 00000894 00014941 SH DEFINED 03 00000000 00014941 00000000
GALLAHER GROUP PLC COM 363595109 00001827 00084503 SH DEFINED 02 00000000 00084503 00000000
GANNETT INC COM 364730101 00024458 00340288 SH DEFINED 02 00000000 00340288 00000000
GARDNER DENVER MACHY INC COM 365558105 00003127 00105573 SH DEFINED 02 00000000 00105573 00000000
GATEWAY 2000 INC COM 367833100 00000698 00014950 SH DEFINED 03 00000000 00014950 00000000
GATEWAY 2000 INC COM 367833100 00019081 00408156 SH DEFINED 02 00000000 00408156 00000000
<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
GENERAL ELEC CO COM 369604103 00000645 00007575 SH DEFINED 04 00007575 00000000 00000000
GENERAL ELEC CO COM 369604103 00342605 03975105 SH DEFINED 02 00000000 03975105 00000000
GENERAL ELEC CO COM 369604103 00002920 00033890 SH DEFINED 03 00000000 00033890 00000000
GENERAL MILLS INC COM 370334104 00001723 00022676 SH DEFINED 02 00000000 00022676 00000000
GENERAL MILLS INC COM 370334104 00000002 00000032 SH DEFINED 04 00000032 00000000 00000000
GENERAL MOTORS CORP COM 370442105 00000040 00000600 SH DEFINED 04 00000600 00000000 00000000
GENERAL MOTORS CORP COM 370442105 00000303 00004474 SH DEFINED 03 00000000 00004474 00000000
GENERAL MOTORS CORP COM 370442105 00014307 00211176 SH DEFINED 02 00000000 00211176 00000000
GENERAL RE CORP COM 370563108 00061827 00280238 SH DEFINED 02 00000000 00280238 00000000
GENUINE PARTS CO COM 372460105 00000017 00000451 SH DEFINED 03 00000000 00000451 00000000
GENUINE PARTS CO COM 372460105 00015160 00397639 SH DEFINED 02 00000000 00397639 00000000
GENZYME CORP COM 372917104 00000151 00004725 SH DEFINED 03 00000000 00004725 00000000
GENZYME CORP COM 372917104 00002263 00070748 SH DEFINED 02 00000000 00070748 00000000
GIANT FOOD INC COM 374478105 00000005 00000150 SH DEFINED 03 00000000 00000150 00000000
GIANT FOOD INC COM 374478105 00010927 00282916 SH DEFINED 02 00000000 00282916 00000000
GILLETTE CO COM 375766102 00000142 00001200 SH DEFINED 03 00000000 00001200 00000000
GILLETTE CO COM 375766102 00013505 00113792 SH DEFINED 02 00000000 00113792 00000000
GLATFELTER P H CO COM 377316104 00000412 00022836 SH DEFINED 02 00000000 00022836 00000000
GRACE W R & CO DEL COM 383911104 00000913 00010914 SH DEFINED 02 00000000 00010914 00000000
GRAINGER W W INC COM 384802104 00007356 00071551 SH DEFINED 02 00000000 00071551 00000000
GRAINGER W W INC COM 384802104 00000175 00001710 SH DEFINED 03 00000000 00001710 00000000
HSB GROUP INC COM 40428N109 00007902 00117290 SH DEFINED 02 00000000 00117290 00000000
HALLIBURTON CO COM 406216101 00018770 00374474 SH DEFINED 02 00000000 00374474 00000000
HARSCO CORP COM 415864107 00003191 00069475 SH DEFINED 02 00000000 00069475 00000000
HARTFORD FINANCIAL SVCS GRP COM 416515104 00002234 00020590 SH DEFINED 02 00000000 00020590 00000000
HEALTH CARE PPTY INVS INC COM 421915109 00000467 00012650 SH DEFINED 02 00000000 00012650 00000000
HEINZ H J CO COM 423074103 00002170 00037178 SH DEFINED 02 00000000 00037178 00000000
HEINZ H J CO COM 423074103 00000008 00000150 SH DEFINED 04 00000150 00000000 00000000
HERCULES INC COM 427056106 00000845 00017133 SH DEFINED 02 00000000 00017133 00000000
HERSHEY FOODS CORP COM 427866108 00018513 00258473 SH DEFINED 02 00000000 00258473 00000000
HERSHEY FOODS CORP COM 427866108 00000147 00002000 SH DEFINED 04 00002000 00000000 00000000
HEWLETT PACKARD CO COM 428236103 00085364 01346962 SH DEFINED 02 00000000 01346962 00000000
HEWLETT PACKARD CO COM 428236103 00000694 00010960 SH DEFINED 03 00000000 00010960 00000000
HOME DEPOT INC COM 437076102 00008478 00125375 SH DEFINED 02 00000000 00125375 00000000
HOME DEPOT INC COM 437076102 00000517 00007650 SH DEFINED 03 00000000 00007650 00000000
HOMESTAKE MNG CO COM 437614100 00000315 00029000 SH DEFINED 02 00000000 00029000 00000000
HONEYWELL INC COM 438506107 00004184 00050604 SH DEFINED 02 00000000 00050604 00000000
HONEYWELL INC COM 438506107 00000019 00000200 SH DEFINED 04 00000200 00000000 00000000
HOUSTON INDS INC COM 442161105 00000630 00021923 SH DEFINED 02 00000000 00021923 00000000
HOUSTON INDS INC COM 442161105 00000057 00002000 SH DEFINED 03 00000000 00002000 00000000
HUBBELL INC COM 443510201 00010449 00207423 SH DEFINED 02 00000000 00207423 00000000
ITT INDS INC COM 450911102 00000561 00014764 SH DEFINED 02 00000000 00014764 00000000
ILLINOIS TOOL WORKS INC COM 452308109 00028177 00435167 SH DEFINED 02 00000000 00435167 00000000
IMATION CORP COM 45245A107 00000374 00020261 SH DEFINED 02 00000000 00020261 00000000
IMMUNEX CORP NEW COM 452528102 00000774 00011500 SH DEFINED 02 00000000 00011500 00000000
IMPERIAL CHEM INDS PLC COM 452704505 00005115 00071167 SH DEFINED 02 00000000 00071167 00000000
INGERSOLL RAND CO COM 456866102 00026777 00558591 SH DEFINED 02 00000000 00558591 00000000
INGERSOLL RAND CO COM 456866102 00000214 00004475 SH DEFINED 03 00000000 00004475 00000000
INTEL CORP COM 458140100 00104754 01341923 SH DEFINED 02 00000000 01341923 00000000
INTEL CORP COM 458140100 00000204 00002525 SH DEFINED 04 00002525 00000000 00000000
<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
INTEL CORP COM 458140100 00001105 00014165 SH DEFINED 03 00000000 00014165 00000000
INTERNATIONAL BUSINESS MACHS COM 459200101 00106875 01028867 SH DEFINED 02 00000000 01028867 00000000
INTERNATIONAL BUSINESS MACHS COM 459200101 00000478 00004610 SH DEFINED 03 00000000 00004610 00000000
INTERNATIONAL PAPER CO COM 460146103 00001044 00022284 SH DEFINED 02 00000000 00022284 00000000
JEFFERSON PILOT CORP COM 475070108 00046627 00524277 SH DEFINED 02 00000000 00524277 00000000
JEFFERSON PILOT CORP COM 475070108 00000302 00003400 SH DEFINED 03 00000000 00003400 00000000
JOHNSON & JOHNSON COM 478160104 00000566 00007710 SH DEFINED 03 00000000 00007710 00000000
JOHNSON & JOHNSON COM 478160104 00144727 01970744 SH DEFINED 02 00000000 01970744 00000000
JOHNSON & JOHNSON COM 478160104 00000043 00000600 SH DEFINED 04 00000600 00000000 00000000
JOHNSON CTLS INC COM 478366107 00000230 00003800 SH DEFINED 03 00000000 00003800 00000000
JOHNSON CTLS INC COM 478366107 00003922 00064630 SH DEFINED 02 00000000 00064630 00000000
K N ENERGY INC COM 482620101 00003058 00051780 SH DEFINED 02 00000000 00051780 00000000
KAMAN CORP COM 483548103 00001333 00072549 SH DEFINED 02 00000000 00072549 00000000
KAMAN CORP COM 483548103 00000008 00000400 SH DEFINED 04 00000400 00000000 00000000
S KANN SONS CO COM STPD COM 483996104 00004744 00093026 SH DEFINED 02 00000000 00093026 00000000
KELLOGG CO COM 487836108 00006326 00146700 SH DEFINED 02 00000000 00146700 00000000
KEYCORP NEW COM 493267108 00000578 00015290 SH DEFINED 02 00000000 00015290 00000000
KEYSPAN ENERGY CORP COM 493375109 00016390 00451372 SH DEFINED 02 00000000 00451372 00000000
KEYSPAN ENERGY CORP COM 493375109 00000451 00012425 SH DEFINED 03 00000000 00012425 00000000
KEYSTONE FINL INC COM 493482103 00000549 00013405 SH DEFINED 02 00000000 00013405 00000000
KIMBERLY CLARK CORP COM 494368103 00000025 00000500 SH DEFINED 03 00000000 00000500 00000000
KIMBERLY CLARK CORP COM 494368103 00004243 00084650 SH DEFINED 02 00000000 00084650 00000000
KOPP GLASS INC COM 500990106 00000326 00033950 SH DEFINED 02 00000000 00033950 00000000
LEGGETT & PLATT INC COM 524660107 00001234 00024000 SH DEFINED 02 00000000 00024000 00000000
LEUCADIA NATL CORP COM 527288104 00002327 00059100 SH DEFINED 02 00000000 00059100 00000000
LILLY ELI & CO COM 532457108 00007212 00120958 SH DEFINED 02 00000000 00120958 00000000
LINCOLN NATL CORP IND COM 534187109 00012059 00141453 SH DEFINED 02 00000000 00141453 00000000
LINCOLN NATL CORP IND COM 534187109 00000473 00005550 SH DEFINED 03 00000000 00005550 00000000
LOCKHEED MARTIN CORP COM 539830109 00000028 00000250 SH DEFINED 04 00000250 00000000 00000000
LOCKHEED MARTIN CORP COM 539830109 00008372 00074423 SH DEFINED 02 00000000 00074423 00000000
LOCKHEED MARTIN CORP COM 539830109 00000298 00002650 SH DEFINED 03 00000000 00002650 00000000
LUBRIZOL CORP COM 549271104 00001511 00039260 SH DEFINED 02 00000000 00039260 00000000
LUCENT TECHNOLOGIES INC COM 549463107 00000086 00001128 SH DEFINED 04 00001128 00000000 00000000
LUCENT TECHNOLOGIES INC COM 549463107 00048746 00381202 SH DEFINED 02 00000000 00381202 00000000
LUCENT TECHNOLOGIES INC COM 549463107 00000357 00002798 SH DEFINED 03 00000000 00002798 00000000
MBIA INC COM 55262C100 00000937 00012093 SH DEFINED 02 00000000 00012093 00000000
MBNA CORP COM 55262L100 00000408 00011411 SH DEFINED 02 00000000 00011411 00000000
MCI COMMUNICATIONS CORP COM 552673105 00000009 00000200 SH DEFINED 03 00000000 00000200 00000000
MCI COMMUNICATIONS CORP COM 552673105 00038037 00768438 SH DEFINED 02 00000000 00768438 00000000
MACROCHEM CORP DEL COM 555903103 00000352 00031500 SH DEFINED 02 00000000 00031500 00000000
MAGNA GROUP INC COM 559214101 00000820 00014039 SH DEFINED 02 00000000 00014039 00000000
MANOR CARE INC COM 564054104 00000435 00011781 SH DEFINED 02 00000000 00011781 00000000
MARK IV INDS INC COM 570387100 00000777 00034169 SH DEFINED 02 00000000 00034169 00000000
MARSH & MCLENNAN COS INC COM 571748102 00029548 00338420 SH DEFINED 02 00000000 00338420 00000000
MARSH & MCLENNAN COS INC COM 571748102 00000021 00000250 SH DEFINED 03 00000000 00000250 00000000
MASCO CORP COM 574599106 00001646 00027668 SH DEFINED 02 00000000 00027668 00000000
MASON-DIXON BANCSHARES INC COM 575207105 00000865 00024737 SH DEFINED 02 00000000 00024737 00000000
MATTEL INC COM 577081102 00002713 00068591 SH DEFINED 02 00000000 00068591 00000000
MAY DEPT STORES CO COM 577778103 00072509 01141877 SH DEFINED 02 00000000 01141877 00000000
MAY DEPT STORES CO COM 577778103 00000252 00003975 SH DEFINED 03 00000000 00003975 00000000
<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
MCCORMICK & CO INC COM 579780206 00021649 00671293 SH DEFINED 02 00000000 00671293 00000000
MCCORMICK & CO INC COM 579780206 00000142 00004430 SH DEFINED 03 00000000 00004430 00000000
MCDONALDS CORP COM 580135101 00000077 00001290 SH DEFINED 03 00000000 00001290 00000000
MCDONALDS CORP COM 580135101 00000068 00001100 SH DEFINED 04 00001100 00000000 00000000
MCDONALDS CORP COM 580135101 00004762 00079382 SH DEFINED 02 00000000 00079382 00000000
MCKESSON CORP NEW COM 581557105 00001298 00022488 SH DEFINED 02 00000000 00022488 00000000
MEDTRONIC INC COM 585055106 00001244 00023998 SH DEFINED 02 00000000 00023998 00000000
MELLON BK CORP COM 585509102 00001966 00030975 SH DEFINED 02 00000000 00030975 00000000
MERCANTILE BANCORPORATION INC COM 587342106 00000943 00017212 SH DEFINED 02 00000000 00017212 00000000
MERCANTILE BANKSHARES CORP COM 587405101 00006366 00175920 SH DEFINED 03 00000000 00175920 00000000
MERCANTILE BANKSHARES CORP COM 587405101 00107419 02968403 SH DEFINED 02 00000000 02968403 00000000
MERCK & CO INC COM 589331107 00001007 00007860 SH DEFINED 03 00000000 00007860 00000000
MERCK & CO INC COM 589331107 00241505 01883994 SH DEFINED 02 00000000 01883994 00000000
MEREDITH CORP COM 589433101 00000614 00014598 SH DEFINED 02 00000000 00014598 00000000
MERRILL LYNCH & CO INC COM 590188108 00002075 00025000 SH DEFINED 02 00000000 00025000 00000000
MICROSOFT CORP COM 594918104 00000008 00000100 SH DEFINED 03 00000000 00000100 00000000
MICROSOFT CORP COM 594918104 00011904 00133014 SH DEFINED 02 00000000 00133014 00000000
MILLIPORE CORP COM 601073109 00000715 00020592 SH DEFINED 02 00000000 00020592 00000000
MINNESOTA MNG & MFG CO COM 604059105 00085507 00939644 SH DEFINED 02 00000000 00939644 00000000
MINNESOTA MNG & MFG CO COM 604059105 00000438 00004823 SH DEFINED 03 00000000 00004823 00000000
MINNESOTA MNG & MFG CO COM 604059105 00000075 00000800 SH DEFINED 04 00000800 00000000 00000000
MOBIL CORP COM 607059102 00060961 00795561 SH DEFINED 02 00000000 00795561 00000000
MOBIL CORP COM 607059102 00000557 00007270 SH DEFINED 03 00000000 00007270 00000000
MOLEX INC COM 608554200 00000700 00026117 SH DEFINED 02 00000000 00026117 00000000
MONSANTO CO COM 611662107 00000013 00000250 SH DEFINED 03 00000000 00000250 00000000
MONSANTO CO COM 611662107 00001878 00036120 SH DEFINED 02 00000000 00036120 00000000
MONSANTO CO COM 611662107 00000011 00000200 SH DEFINED 04 00000200 00000000 00000000
MORGAN J P & CO INC COM 616880100 00000062 00000476 SH DEFINED 04 00000476 00000000 00000000
MORGAN J P & CO INC COM 616880100 00000681 00005070 SH DEFINED 03 00000000 00005070 00000000
MORGAN J P & CO INC COM 616880100 00053252 00396480 SH DEFINED 02 00000000 00396480 00000000
MORGAN STANLEY DEAN WITTER COM 617446448 00001776 00024371 SH DEFINED 02 00000000 00024371 00000000
MORGAN STANLEY DEAN WITTER COM 617446448 00000012 00000156 SH DEFINED 04 00000156 00000000 00000000
MORTON INTL INC NEW COM 619335102 00003326 00101389 SH DEFINED 02 00000000 00101389 00000000
MOTOROLA INC COM 620076109 00000654 00010765 SH DEFINED 03 00000000 00010765 00000000
MOTOROLA INC COM 620076109 00072679 01196335 SH DEFINED 02 00000000 01196335 00000000
MURPHY OIL CORP COM 626717102 00010533 00210132 SH DEFINED 02 00000000 00210132 00000000
MURPHY OIL CORP COM 626717102 00000065 00001300 SH DEFINED 03 00000000 00001300 00000000
MYLAN LABS INC COM 628530107 00000368 00016000 SH DEFINED 02 00000000 00016000 00000000
NATIONAL BK CAMBRIDGE MD COM 633058102 00000737 00021080 SH DEFINED 02 00000000 00021080 00000000
NATIONAL CITY CORP COM 635405103 00001784 00024337 SH DEFINED 02 00000000 00024337 00000000
NATIONSBANK CORP COM 638585109 00000093 00001226 SH DEFINED 04 00001226 00000000 00000000
NATIONSBANK CORP COM 638585109 00018116 00248388 SH DEFINED 02 00000000 00248388 00000000
NATIONSBANK CORP COM 638585109 00000228 00003130 SH DEFINED 03 00000000 00003130 00000000
NATIONWIDE HEALTH PPTYS INC COM 638620104 00000440 00017600 SH DEFINED 02 00000000 00017600 00000000
NESTLE S A COM 641069406 00000604 00006325 SH DEFINED 03 00000000 00006325 00000000
NESTLE S A COM 641069406 00050139 00524764 SH DEFINED 02 00000000 00524764 00000000
NEW CENTY ENERGIES INC COM 64352U103 00000516 00010251 SH DEFINED 02 00000000 00010251 00000000
NEWELL CO COM 651192106 00010194 00210465 SH DEFINED 02 00000000 00210465 00000000
NEWPARK RES INC COM 651718504 00000239 00013100 SH DEFINED 02 00000000 00013100 00000000
NEWPORT NEWS SHIPBUILDING INC COM 652228107 00001299 00048681 SH DEFINED 02 00000000 00048681 00000000
<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
NEWS CORP LTD COM 652487802 00004074 00177150 SH DEFINED 02 00000000 00177150 00000000
NORDSTROM INC COM 655664100 00013838 00216859 SH DEFINED 02 00000000 00216859 00000000
NORDSTROM INC COM 655664100 00000250 00003925 SH DEFINED 03 00000000 00003925 00000000
NORFOLK SOUTHERN CORP COM 655844108 00000480 00012855 SH DEFINED 03 00000000 00012855 00000000
NORFOLK SOUTHERN CORP COM 655844108 00000154 00004602 SH DEFINED 04 00004602 00000000 00000000
NORFOLK SOUTHERN CORP COM 655844108 00039612 01059861 SH DEFINED 02 00000000 01059861 00000000
NORTHERN STS PWR CO MINN COM 665772109 00001912 00032421 SH DEFINED 02 00000000 00032421 00000000
NORTHERN TR CORP COM 665859104 00001495 00020000 SH DEFINED 02 00000000 00020000 00000000
NOVACARE INC SUB 669930AA7 00000747 00775000 SH DEFINED 02 00000000 00775000 00000000
NOVELL INC COM 670006105 00000279 00026100 SH DEFINED 02 00000000 00026100 00000000
OLIN CORP COM 680665205 00012554 00267462 SH DEFINED 02 00000000 00267462 00000000
OMNICARE INC COM 681904108 00000768 00019400 SH DEFINED 02 00000000 00019400 00000000
OMNICOM GROUP INC COM 681919106 00001400 00029764 SH DEFINED 02 00000000 00029764 00000000
PG&E CORP COM 69331C108 00000357 00010822 SH DEFINED 02 00000000 00010822 00000000
PG&E CORP COM 69331C108 00000026 00000800 SH DEFINED 03 00000000 00000800 00000000
PNC BK CORP COM 693475105 00002248 00037522 SH DEFINED 02 00000000 00037522 00000000
P P & L RES INC COM 693499105 00000236 00010082 SH DEFINED 02 00000000 00010082 00000000
PPG INDS INC COM 693506107 00000010 00000150 SH DEFINED 03 00000000 00000150 00000000
PPG INDS INC COM 693506107 00011062 00162833 SH DEFINED 02 00000000 00162833 00000000
PACIFIC GATEWAY EXCHANGE INC COM 694327107 00000739 00012920 SH DEFINED 02 00000000 00012920 00000000
PACIFICORP COM 695114108 00000009 00000400 SH DEFINED 04 00000400 00000000 00000000
PACIFICORP COM 695114108 00013754 00558521 SH DEFINED 02 00000000 00558521 00000000
PACIFICORP COM 695114108 00000451 00018340 SH DEFINED 03 00000000 00018340 00000000
PALM BEACH NATL HLDG CO COM 696595107 00001352 00080744 SH DEFINED 02 00000000 00080744 00000000
PENNEY J C INC COM 708160106 00016606 00219409 SH DEFINED 02 00000000 00219409 00000000
PENNEY J C INC COM 708160106 00000580 00007670 SH DEFINED 03 00000000 00007670 00000000
PEPSICO INC COM 713448108 00000173 00004383 SH DEFINED 04 00004383 00000000 00000000
PEPSICO INC COM 713448108 00000426 00010000 SH DEFINED 03 00000000 00010000 00000000
PEPSICO INC COM 713448108 00056727 01328897 SH DEFINED 02 00000000 01328897 00000000
PFIZER INC COM 717081103 00000185 00001860 SH DEFINED 03 00000000 00001860 00000000
PFIZER INC COM 717081103 00132349 01327636 SH DEFINED 02 00000000 01327636 00000000
PHELPS DODGE CORP COM 717265102 00001780 00027575 SH DEFINED 02 00000000 00027575 00000000
PHILIP MORRIS COS INC COM 718154107 00000715 00017160 SH DEFINED 03 00000000 00017160 00000000
PHILIP MORRIS COS INC COM 718154107 00108279 02597397 SH DEFINED 02 00000000 02597397 00000000
PHILIP MORRIS COS INC COM 718154107 00000067 00001807 SH DEFINED 04 00001807 00000000 00000000
PITNEY BOWES INC COM 724479100 00011762 00234366 SH DEFINED 02 00000000 00234366 00000000
PITTWAY CORP DEL COM 725790208 00001429 00019850 SH DEFINED 02 00000000 00019850 00000000
POTLATCH CORP COM 737628107 00000035 00000825 SH DEFINED 03 00000000 00000825 00000000
POTLATCH CORP COM 737628107 00003621 00084094 SH DEFINED 02 00000000 00084094 00000000
POTOMAC ELEC PWR CO COM 737679100 00000998 00039836 SH DEFINED 02 00000000 00039836 00000000
POTOMAC ELEC PWR CO COM 737679100 00000066 00002664 SH DEFINED 03 00000000 00002664 00000000
PREMARK INTL INC COM 740459102 00000403 00012176 SH DEFINED 02 00000000 00012176 00000000
PREMISYS COMMUNICATIONS INC COM 740584107 00000329 00011490 SH DEFINED 02 00000000 00011490 00000000
T ROWE PRICE ASSOC INC COM 741477103 00018088 00257029 SH DEFINED 02 00000000 00257029 00000000
PRIMEX TECHNOLOGIES INC COM 741597108 00001170 00025455 SH DEFINED 02 00000000 00025455 00000000
PROCTER & GAMBLE CO COM 742718109 00000653 00007750 SH DEFINED 03 00000000 00007750 00000000
PROCTER & GAMBLE CO COM 742718109 00295306 03499911 SH DEFINED 02 00000000 03499911 00000000
PROCTER & GAMBLE CO COM 742718109 00000025 00000300 SH DEFINED 04 00000300 00000000 00000000
PROTECTIVE LIFE CORP COM 743674103 00001697 00023256 SH DEFINED 02 00000000 00023256 00000000
PROVIDENT BANKSHARES CORP COM 743859100 00001117 00031600 SH DEFINED 02 00000000 00031600 00000000
<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
PUBLIC SVC ENTERPRISE GROUP COM 744573106 00000113 00003000 SH DEFINED 03 00000000 00003000 00000000
PUBLIC SVC ENTERPRISE GROUP COM 744573106 00000302 00008012 SH DEFINED 02 00000000 00008012 00000000
QUAKER OATS CO COM 747402105 00001037 00018116 SH DEFINED 02 00000000 00018116 00000000
QUAKER ST CORP COM 747410108 00000203 00010800 SH DEFINED 02 00000000 00010800 00000000
QUEST DIAGNOSTICS INC COM 74834L100 00000532 00031712 SH DEFINED 02 00000000 00031712 00000000
QUESTAR CORP COM 748356102 00000223 00005375 SH DEFINED 03 00000000 00005375 00000000
QUESTAR CORP COM 748356102 00014280 00343579 SH DEFINED 02 00000000 00343579 00000000
RPM INC OHIO COM 749685103 00016203 00909649 SH DEFINED 02 00000000 00909649 00000000
RPM INC OHIO COM 749685103 00000009 00000500 SH DEFINED 04 00000500 00000000 00000000
RAYTHEON CO COM 755111408 00000159 00002730 SH DEFINED 03 00000000 00002730 00000000
RAYTHEON CO COM 755111408 00008847 00151559 SH DEFINED 02 00000000 00151559 00000000
REGAL BELOIT CORP COM 758750103 00000057 00001800 SH DEFINED 03 00000000 00001800 00000000
REGAL BELOIT CORP COM 758750103 00003125 00098450 SH DEFINED 02 00000000 00098450 00000000
REGIONS FINL CORP COM 758940100 00000749 00017865 SH DEFINED 03 00000000 00017865 00000000
REGIONS FINL CORP COM 758940100 00054847 01307838 SH DEFINED 02 00000000 01307838 00000000
REYNOLDS METALS CO COM 761763101 00000939 00015285 SH DEFINED 02 00000000 00015285 00000000
ROUSE CO COM 779273101 00003470 00110159 SH DEFINED 02 00000000 00110159 00000000
ROYAL DUTCH PETE CO COM 780257804 00000181 00003200 SH DEFINED 03 00000000 00003200 00000000
ROYAL DUTCH PETE CO COM 780257804 00000147 00002600 SH DEFINED 04 00002600 00000000 00000000
ROYAL DUTCH PETE CO COM 780257804 00003826 00067353 SH DEFINED 02 00000000 00067353 00000000
RUBBERMAID INC COM 781088109 00001917 00067295 SH DEFINED 02 00000000 00067295 00000000
RUBBERMAID INC COM 781088109 00000182 00006400 SH DEFINED 03 00000000 00006400 00000000
SBC COMMUNICATIONS INC COM 78387G103 00008684 00200206 SH DEFINED 02 00000000 00200206 00000000
SBC COMMUNICATIONS INC COM 78387G103 00000081 00001874 SH DEFINED 03 00000000 00001874 00000000
SBC COMMUNICATIONS INC COM 78387G103 00000013 00000320 SH DEFINED 04 00000320 00000000 00000000
SLM HLDG CORP COM 78442A109 00000610 00014000 SH DEFINED 02 00000000 00014000 00000000
ST JUDE MED INC COM 790849103 00000074 00002230 SH DEFINED 03 00000000 00002230 00000000
ST JUDE MED INC COM 790849103 00000367 00010995 SH DEFINED 02 00000000 00010995 00000000
SARA LEE CORP COM 803111103 00000024 00000400 SH DEFINED 03 00000000 00000400 00000000
SARA LEE CORP COM 803111103 00000307 00005160 SH DEFINED 04 00005160 00000000 00000000
SARA LEE CORP COM 803111103 00002992 00048467 SH DEFINED 02 00000000 00048467 00000000
SCANA CORP COM 805898103 00000655 00021170 SH DEFINED 02 00000000 00021170 00000000
SCANA CORP COM 805898103 00000061 00002000 SH DEFINED 03 00000000 00002000 00000000
SCHERING PLOUGH CORP COM 806605101 00000016 00000200 SH DEFINED 03 00000000 00000200 00000000
SCHERING PLOUGH CORP COM 806605101 00090455 01106493 SH DEFINED 02 00000000 01106493 00000000
SCHLUMBERGER COM 806857108 00000361 00004775 SH DEFINED 03 00000000 00004775 00000000
SCHLUMBERGER COM 806857108 00065805 00868702 SH DEFINED 02 00000000 00868702 00000000
SCHULMAN A INC COM 808194104 00000742 00029402 SH DEFINED 02 00000000 00029402 00000000
SEARS ROEBUCK & CO COM 812387108 00000012 00000200 SH DEFINED 04 00000200 00000000 00000000
SEARS ROEBUCK & CO COM 812387108 00001329 00023145 SH DEFINED 02 00000000 00023145 00000000
SERVICE CORP INTL COM 817565104 00001006 00023718 SH DEFINED 02 00000000 00023718 00000000
SERVICEMASTER CO COM 81760N109 00000063 00002200 SH DEFINED 04 00002200 00000000 00000000
SERVICEMASTER CO COM 81760N109 00005060 00177177 SH DEFINED 02 00000000 00177177 00000000
SHAW INDS INC COM 820286102 00000304 00020740 SH DEFINED 02 00000000 00020740 00000000
SHERWIN WILLIAMS CO COM 824348106 00001132 00031792 SH DEFINED 02 00000000 00031792 00000000
SIGMA ALDRICH CORP COM 826552101 00000404 00010850 SH DEFINED 02 00000000 00010850 00000000
SINCLAIR BROADCAST GROUP INC COM 829226109 00000689 00011970 SH DEFINED 02 00000000 00011970 00000000
SLADE INCORPORATED COMMON COM 830990404 00035191 00044659 SH DEFINED 02 00000000 00044659 00000000
SMITHKLINE BEECHAM COM 832378301 00016308 00260155 SH DEFINED 02 00000000 00260155 00000000
SMITHKLINE BEECHAM COM 832378301 00000062 00001000 SH DEFINED 03 00000000 00001000 00000000
<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
SNAP-ON, INC COM 833034101 00000876 00019200 SH DEFINED 02 00000000 00019200 00000000
SOLA INTL INC COM 834092108 00000601 00014522 SH DEFINED 02 00000000 00014522 00000000
SONAT INC COM 835415100 00001645 00037833 SH DEFINED 02 00000000 00037833 00000000
SOUTHERN CO COM 842587107 00000674 00024363 SH DEFINED 02 00000000 00024363 00000000
SOUTHTRUST CORP COM 844730101 00000587 00014040 SH DEFINED 02 00000000 00014040 00000000
SOUTHWEST AIRLS CO COM 844741108 00032419 01096656 SH DEFINED 02 00000000 01096656 00000000
SOUTHWEST AIRLS CO COM 844741108 00000899 00030438 SH DEFINED 03 00000000 00030438 00000000
SPACELABS MED INC COM 846247104 00000480 00021700 SH DEFINED 02 00000000 00021700 00000000
SPRINGS INDS INC COM 851783100 00001243 00022561 SH DEFINED 02 00000000 00022561 00000000
SPRINT CORP COM 852061100 00001407 00020799 SH DEFINED 02 00000000 00020799 00000000
SPRINT CORP COM 852061100 00000011 00000168 SH DEFINED 03 00000000 00000168 00000000
STANDARD COML CORP SUB 853258AA9 00001119 01240000 SH DEFINED 02 00000000 01240000 00000000
STANLEY WKS COM 854616109 00000044 00000800 SH DEFINED 03 00000000 00000800 00000000
STANLEY WKS COM 854616109 00006172 00110715 SH DEFINED 02 00000000 00110715 00000000
STATE STREET CORP COM 857477103 00001359 00019968 SH DEFINED 02 00000000 00019968 00000000
CHS HOLDING CORPORATION COM 857993117 00000287 00057500 SH DEFINED 02 00000000 00057500 00000000
STRYKER CORP COM 863667101 00001176 00025100 SH DEFINED 02 00000000 00025100 00000000
SUNTRUST BKS INC COM 867914103 00020170 00267597 SH DEFINED 02 00000000 00267597 00000000
SYBRON INTL CORP - WISCONSIN COM 87114F106 00000522 00020000 SH DEFINED 02 00000000 00020000 00000000
SYSCO CORP COM 871829107 00000620 00024220 SH DEFINED 02 00000000 00024220 00000000
SYSCO CORP COM 871829107 00000041 00001600 SH DEFINED 03 00000000 00001600 00000000
TECO ENERGY INC COM 872375100 00000056 00002000 SH DEFINED 03 00000000 00002000 00000000
TECO ENERGY INC COM 872375100 00000381 00013509 SH DEFINED 02 00000000 00013509 00000000
TECHNE CORP COM 878377100 00000658 00034000 SH DEFINED 02 00000000 00034000 00000000
TELLABS INC COM 879664100 00000712 00010610 SH DEFINED 02 00000000 00010610 00000000
TERADYNE INC COM 880770102 00020997 00524120 SH DEFINED 02 00000000 00524120 00000000
TERADYNE INC COM 880770102 00000917 00022900 SH DEFINED 03 00000000 00022900 00000000
TEXACO INC COM 881694103 00003970 00065901 SH DEFINED 02 00000000 00065901 00000000
TEXACO INC COM 881694103 00000111 00001856 SH DEFINED 03 00000000 00001856 00000000
TEXAS INSTRUMENTS INC COM 882508104 00001877 00034694 SH DEFINED 02 00000000 00034694 00000000
TEXAS UTILITIES COMPANY COM 882848104 00000272 00006925 SH DEFINED 03 00000000 00006925 00000000
TEXAS UTILITIES COMPANY COM 882848104 00001574 00040041 SH DEFINED 02 00000000 00040041 00000000
THERMO ELECTRON CORP COM 883556102 00000586 00014518 SH DEFINED 02 00000000 00014518 00000000
THOMAS & BETTS CORP COM 884315102 00000019 00000300 SH DEFINED 03 00000000 00000300 00000000
THOMAS & BETTS CORP COM 884315102 00008471 00132360 SH DEFINED 02 00000000 00132360 00000000
TIME WARNER INC COM 887315109 00000743 00010329 SH DEFINED 02 00000000 00010329 00000000
TIMES MIRROR CO NEW COM 887364107 00000868 00013699 SH DEFINED 02 00000000 00013699 00000000
TIMKEN CO COM 887389104 00000388 00011500 SH DEFINED 03 00000000 00011500 00000000
TIMKEN CO COM 887389104 00020057 00593188 SH DEFINED 02 00000000 00593188 00000000
TORCHMARK CORP COM 891027104 00003039 00066346 SH DEFINED 02 00000000 00066346 00000000
TRAVELERS GROUP INC COM 894190107 00008347 00139129 SH DEFINED 02 00000000 00139129 00000000
TRAVELERS GROUP INC COM 894190107 00000071 00001198 SH DEFINED 03 00000000 00001198 00000000
TRAVELERS GROUP INC COM 894190107 00000029 00000480 SH DEFINED 04 00000480 00000000 00000000
TRICON GLOBAL RESTAURANTS COM 895953107 00000675 00022454 SH DEFINED 02 00000000 00022454 00000000
TUPPERWARE CORP COM 899896104 00013775 00517386 SH DEFINED 02 00000000 00517386 00000000
TUPPERWARE CORP COM 899896104 00000223 00008400 SH DEFINED 03 00000000 00008400 00000000
TYCO INTL LTD NEW COM 902124106 00001067 00019536 SH DEFINED 02 00000000 00019536 00000000
USX-MARATHON GROUP NEW COM 902905827 00001246 00033135 SH DEFINED 02 00000000 00033135 00000000
USX-MARATHON GROUP NEW COM 902905827 00000014 00000390 SH DEFINED 03 00000000 00000390 00000000
US BANCORP DEL COM 902973106 00000028 00000226 SH DEFINED 03 00000000 00000226 00000000
<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
US BANCORP DEL COM 902973106 00001671 00013400 SH DEFINED 02 00000000 00013400 00000000
UNUM CORP COM 903192102 00010632 00192664 SH DEFINED 02 00000000 00192664 00000000
USF&G CORP COM 903290104 00000897 00036004 SH DEFINED 02 00000000 00036004 00000000
UNILEVER N V COM 904784501 00000593 00008650 SH DEFINED 03 00000000 00008650 00000000
UNILEVER N V COM 904784501 00023190 00337917 SH DEFINED 02 00000000 00337917 00000000
UNION CAMP CORP COM 905530101 00000391 00006550 SH DEFINED 03 00000000 00006550 00000000
UNION CAMP CORP COM 905530101 00028938 00484311 SH DEFINED 02 00000000 00484311 00000000
UNION NATL BANCORP INC COM 907103105 00000980 00028000 SH DEFINED 02 00000000 00028000 00000000
UNION PAC CORP COM 907818108 00010869 00193010 SH DEFINED 02 00000000 00193010 00000000
UNION PAC CORP COM 907818108 00000038 00000696 SH DEFINED 04 00000696 00000000 00000000
UNION PAC RES GROUP INC COM 907834105 00000010 00000418 SH DEFINED 04 00000418 00000000 00000000
UNION PAC RES GROUP INC COM 907834105 00006083 00254786 SH DEFINED 02 00000000 00254786 00000000
U S WEST INC COM 912889102 00000004 00000072 SH DEFINED 04 00000072 00000000 00000000
U S WEST INC COM 912889102 00000703 00012875 SH DEFINED 02 00000000 00012875 00000000
U S WEST INC COM 912889201 00000371 00010696 SH DEFINED 02 00000000 00010696 00000000
U S WEST INC COM 912889201 00000003 00000072 SH DEFINED 04 00000072 00000000 00000000
UNITED TECHNOLOGIES CORP COM 913017109 00027592 00298896 SH DEFINED 02 00000000 00298896 00000000
UNIVERSAL CORP VA COM 913456109 00000969 00022000 SH DEFINED 02 00000000 00022000 00000000
UNIVERSAL FOODS CORP COM 913538104 00012814 00261515 SH DEFINED 02 00000000 00261515 00000000
UNIVERSAL FOODS CORP COM 913538104 00000207 00004240 SH DEFINED 03 00000000 00004240 00000000
V F CORP COM 918204108 00000094 00001800 SH DEFINED 03 00000000 00001800 00000000
V F CORP COM 918204108 00011324 00215455 SH DEFINED 02 00000000 00215455 00000000
WACHOVIA CORP NEW COM 929771103 00013921 00164149 SH DEFINED 02 00000000 00164149 00000000
WACHOVIA CORP NEW COM 929771103 00002032 00023961 SH DEFINED 03 00000000 00023961 00000000
WAL MART STORES INC COM 931142103 00000177 00003500 SH DEFINED 04 00003500 00000000 00000000
WAL MART STORES INC COM 931142103 00000264 00005200 SH DEFINED 03 00000000 00005200 00000000
WAL MART STORES INC COM 931142103 00032870 00646903 SH DEFINED 02 00000000 00646903 00000000
WALGREEN CO COM 931422109 00001090 00030932 SH DEFINED 02 00000000 00030932 00000000
WARNER LAMBERT CO COM 934488107 00056154 00329716 SH DEFINED 02 00000000 00329716 00000000
WARNER LAMBERT CO COM 934488107 00000068 00000400 SH DEFINED 03 00000000 00000400 00000000
WASHINGTON GAS LT CO COM 938837101 00000019 00000692 SH DEFINED 01 00000692 00000000 00000000
WASHINGTON GAS LT CO COM 938837101 00000551 00020138 SH DEFINED 02 00000000 00020138 00000000
WASHINGTON GAS LT CO COM 938837101 00000087 00003200 SH DEFINED 03 00000000 00003200 00000000
WASHINGTON POST CO COM 939640108 00025059 00047121 SH DEFINED 02 00000000 00047121 00000000
WASHINGTON REAL ESTATE INVT TR COM 939653101 00000253 00014749 SH DEFINED 02 00000000 00014749 00000000
WASTE MGMT INC NEW COM 94106K101 00000554 00018010 SH DEFINED 02 00000000 00018010 00000000
WESTINGHOUSE AIR BRAKE CO NEW COM 960386100 00001475 00050000 SH DEFINED 02 00000000 00050000 00000000
WESTVACO CORP COM 961548104 00000188 00006145 SH DEFINED 03 00000000 00006145 00000000
WESTVACO CORP COM 961548104 00013712 00445925 SH DEFINED 02 00000000 00445925 00000000
WHIRLPOOL CORP COM 963320106 00004957 00072167 SH DEFINED 02 00000000 00072167 00000000
WHITTAKER CORPORATION NEW COM 966680407 00000418 00030000 SH DEFINED 02 00000000 00030000 00000000
WILLS GROUP INC COM 971990205 00003791 00043577 SH DEFINED 02 00000000 00043577 00000000
WINN DIXIE STORES INC COM 974280109 00000507 00010936 SH DEFINED 02 00000000 00010936 00000000
WISCONSIN ENERGY CORP COM 976657106 00000175 00005710 SH DEFINED 03 00000000 00005710 00000000
WISCONSIN ENERGY CORP COM 976657106 00011710 00381614 SH DEFINED 02 00000000 00381614 00000000
WITCO CORP COM 977385103 00000019 00000500 SH DEFINED 03 00000000 00000500 00000000
WITCO CORP COM 977385103 00024016 00609926 SH DEFINED 02 00000000 00609926 00000000
WORLDCOM INC GA COM 98155K102 00009610 00223182 SH DEFINED 02 00000000 00223182 00000000
WORLDCOM INC GA COM 98155K102 00000008 00000200 SH DEFINED 03 00000000 00000200 00000000
WORTHINGTON INDS INC COM 981811102 00015660 00864016 SH DEFINED 02 00000000 00864016 00000000
<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
WORTHINGTON INDS INC COM 981811102 00000161 00008900 SH DEFINED 03 00000000 00008900 00000000
XEROX CORP COM 984121103 00002476 00023270 SH DEFINED 02 00000000 00023270 00000000
MSD&T FNDS INC GROWTH & COM 9960137L6 00001016 00045546 SH DEFINED 02 00000000 00045546 00000000
FEDERAL HOME LN BK COM 9960174Q9 00007390 00073901 SH DEFINED 02 00000000 00073901 00000000
PUBLIX SUPER MKTS COM 9960233F2 00001869 00060791 SH DEFINED 03 00000000 00060791 00000000
REPORT SUMMARY 605 DATA RECORDS 6233474 4 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>