<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
--------------------
Check here if Amendment [ ]; Amendment Number:
-------------------
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: J.J.B. Hilliard, W.L. Lyons, Inc.
---------------------------------------
Address: 501 South Fourth Street
------------------------------------
Louisville, KY 40202
------------------------------------
------------------------------------
Form 13F File Number: 28-
---------
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing the Report on behalf of Reporting Manager:
Name: John J. Davis, III
----------------------------------
Title: Compliance Director IMG
---------------------------------
Phone: (502) 588-8640
---------------------------------
Signature, Place, and Date of Signing:
/s/ John J. Davis, III Louisville, KY November 12, 1999
- ----------------------- ------------------- ------------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
None
<PAGE> 2
Page 2
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
------------
Form 13F Information Table Entry Total: 342
------------
Form 13F Information Table Value Total: 2,450,215
------------
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
1 28- Hilliard Lyons Trust Company
- ------ ----------------------- -----------------------------
[Repeat as necessary.]
<PAGE> 3
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABBOTT LABORATORIES Common 002824100 123 3350 SH DEFINED 3350 0 0
ABBOTT LABORATORIES Common 002824100 44438 1211257 SH OTHER 296146 0 915111
AFLAC CORPORATION Common 001055102 13 320 SH DEFINED 320 0 0
AFLAC CORPORATION Common 001055102 1229 29344 SH OTHER 22850 0 6494
AIRGAS INC Common 009363102 140 12000 SH OTHER 0 0 12000
ALBEMARLE CORP Common 012653101 273 13564 SH OTHER 3500 0 10064
ALBERTSONS INC Common 013104104 4263 107746 SH OTHER 29913 0 77833
ALCOA INC Common 013817101 186 3000 SH OTHER 2400 0 600
ALLEGHENY ENERGY INC Common 017361106 387 12150 SH OTHER 9000 0 3150
ALLERGAN INC Common 018490102 36771 334284 SH OTHER 70850 0 263434
ALLIED SIGNAL INC Common 019512102 284 4732 SH OTHER 1744 0 2988
ALLSTATE CORP Common 020002101 432 17326 SH OTHER 9504 0 7822
AMERICA ONLINE INC Common 02364J104 440 4224 SH OTHER 1799 0 2425
AMERICAN EAGLE OUTFITTERS INC Common 02553E106 337 6935 SH OTHER 6935 0 0
AMERICAN ELECTRIC POWER INC Common 025537101 259 7578 SH OTHER 7578 0 0
AMERICAN EXPRESS COMPANY Common 025816109 1554 11510 SH OTHER 4131 0 7379
AMERICAN GENERAL CORPORATION Common 026351106 641 10135 SH OTHER 7681 0 2454
AMERICAN HOME PRODUCTS CORP Common 026609107 328 7900 SH DEFINED 3500 0 4400
AMERICAN HOME PRODUCTS CORP Common 026609107 42010 1012276 SH OTHER 356875 0 655401
AMERICAN INTERNATIONAL GROUP INC Common 026874107 234 2687 SH DEFINED 2687 0 0
AMERICAN INTERNATIONAL GROUP INC Common 026874107 101097 1162863 SH OTHER 293128 0 869735
AMERITECH CORPORATION (NEW) Common 030954101 99 1480 SH DEFINED 1480 0 0
AMERITECH CORPORATION (NEW) Common 030954101 7971 119419 SH OTHER 39369 0 80050
AMGEN INC Common 031162100 951 11670 SH OTHER 2050 0 9620
ANHEUSER BUSCH COMPANIES INC Common 035229103 2570 36675 SH OTHER 17525 0 19150
APPLIED MATERIALS INC Common 038222105 15037 193555 SH OTHER 70600 0 122955
ASHLAND INC Common 044204105 972 28911 SH OTHER 14750 0 14161
AT&T CORPORATION Common 001957109 3495 80336 SH OTHER 35747 0 44589
</TABLE>
Page 1
<PAGE> 4
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ATLANTIC RICHFIELD COMPANY Common 048825103 372 4200 SH DEFINED 3600 0 600
ATLANTIC RICHFIELD COMPANY Common 048825103 4483 50586 SH OTHER 17974 0 32612
ATMOS ENERGY CORP Common 049560105 241 10000 SH OTHER 0 0 10000
AUTOMATIC DATA PROCESSING INC Common 053015103 22 500 SH DEFINED 500 0 0
AUTOMATIC DATA PROCESSING INC Common 053015103 8769 196503 SH OTHER 53067 0 143436
AVON PRODUCTS INC Common 054303102 2597 104684 SH OTHER 25720 0 78964
BALLANTYNE OMAHA INC Common 058516105 172 30657 SH OTHER 10000 0 20657
BANCORPSOUTH INC Common 059692103 423 24950 SH OTHER 0 0 24950
BANK OF AMERICA CORP Common 060505104 56 1000 SH DEFINED 0 0 1000
BANK OF AMERICA CORP Common 060505104 2217 39813 SH OTHER 31412 0 8401
BANK ONE CORP Common 06423A103 403 11573 SH DEFINED 10803 0 770
BANK ONE CORP Common 06423A103 38140 1095558 SH OTHER 506147 0 589411
BANKBOSTON CORP Common 06605R106 337 7780 SH OTHER 7780 0 0
BAXTER INTERNATIONAL INC Common 071813109 78 1300 SH DEFINED 1300 0 0
BAXTER INTERNATIONAL INC Common 071813109 347 5753 SH OTHER 3753 0 2000
BELL ATLANTIC CORPORATION Common 077853109 390 5800 SH DEFINED 5800 0 0
BELL ATLANTIC CORPORATION Common 077853109 8573 127358 SH OTHER 60297 0 67061
BELLSOUTH CORPORATION Common 079860102 288 6400 SH DEFINED 5200 0 1200
BELLSOUTH CORPORATION Common 079860102 25183 559626 SH OTHER 268606 0 291020
BERKSHIRE HATHAWAY CL B Common 084670207 156 84 SH DEFINED 0 0 84
BERKSHIRE HATHAWAY CL B Common 084670207 14687 7913 SH OTHER 3409 0 4504
BERKSHIRE HATHAWAY INC CL A Common 084670108 19399 354 SH OTHER 52 0 302
BESTFOODS Common 08658U101 29 600 SH DEFINED 600 0 0
BESTFOODS Common 08658U101 3755 77324 SH OTHER 16520 0 60804
BMC SOFTWARE INC Common 055921100 776 10854 SH OTHER 8354 0 2500
BOEING COMPANY Common 097023105 472 11062 SH OTHER 8400 0 2662
BRADY CORP CL A Common 104674106 16539 516850 SH OTHER 128825 0 388025
BRISTOL MYERS SQUIBB Common 110122108 449 6650 SH DEFINED 6650 0 0
BRISTOL MYERS SQUIBB Common 110122108 46617 690618 SH OTHER 295388 0 395230
BROWN FORMAN INC CLASS A Common 115637100 52 900 SH DEFINED 0 0 900
</TABLE>
Page 2
<PAGE> 5
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BROWN FORMAN INC CLASS A Common 115637100 17011 292036 SH OTHER 104372 0 187664
BROWN FORMAN INC CLASS B Common 115637209 168 2700 SH DEFINED 0 0 2700
BROWN FORMAN INC CLASS B Common 115637209 29822 478111 SH OTHER 260947 0 217164
BURLINGTON NORTHERN SANTA FE Common 12189T104 380 13809 SH OTHER 12309 0 1500
BURLINGTON RESOURCES INC Common 122014103 229 6243 SH OTHER 3043 0 3200
BUSH BOAKE ALLEN INC Common 123162109 7098 269135 SH OTHER 65150 0 203985
CAMPBELL SOUP COMPANY Common 134429109 554 14160 SH OTHER 10960 0 3200
CARNIVAL CORP CL A Common 143658102 216 4965 SH OTHER 4600 0 365
CATERPILLAR INC Common 149123101 6804 124135 SH OTHER 35470 0 88665
CBRL GROUP INC Common 12489V106 469 30280 SH OTHER 16950 0 13330
CEDAR FAIR L P Common 150185106 332 16000 SH OTHER 0 0 16000
CENTRAL AND SOUTH WEST CORPORATION Common 152357109 279 13190 SH OTHER 5314 0 7876
CENTURYTEL INC Common 156700106 24 600 SH DEFINED 600 0 0
CENTURYTEL INC Common 156700106 25554 629016 SH OTHER 159729 0 469287
CHASE MANHATTAN CORPORATION NEW Common 16161A108 210 2787 SH OTHER 397 0 2390
CHEVRON CORPORATION Common 166751107 17093 192593 SH OTHER 98807 0 93786
CHURCHILL DOWNS INC Common 171484108 23 1000 SH DEFINED 0 0 1000
CHURCHILL DOWNS INC Common 171484108 3029 131003 SH OTHER 11040 0 119963
CIGNA CORPORATION Common 125509109 419 5384 SH OTHER 3705 0 1679
CINCINNATI BELL INC Common 171870108 298 15332 SH OTHER 13400 0 1932
CINCINNATI FINANCIAL CORPORATION Common 172062101 150 3990 SH DEFINED 0 0 3990
CINCINNATI FINANCIAL CORPORATION Common 172062101 97722 2603741 SH OTHER 717044 0 1886697
CINTAS CORPORATION Common 172908105 225 3900 SH OTHER 3900 0 0
CISCO SYS INC Common 17275R102 487 7100 SH DEFINED 7100 0 0
CISCO SYS INC Common 17275R102 6283 91628 SH OTHER 22772 0 68856
CITIGROUP INC Common 172967101 20 450 SH DEFINED 450 0 0
CITIGROUP INC Common 172967101 3177 72203 SH OTHER 12410 0 59793
CLAYTON HOMES INC Common 184190106 20751 2388571 SH OTHER 803654 0 1584917
CLOROX COMPANY Common 189054109 3752 98084 SH OTHER 50564 0 47520
CNB BANCSHARES INC Common 126126101 4495 84815 SH OTHER 4431 0 80384
</TABLE>
Page 3
<PAGE> 6
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CNET INC Common 125945105 1327 23700 SH OTHER 10000 0 13700
COCA COLA COMPANY Common 191216100 111 2300 SH DEFINED 2300 0 0
COCA COLA COMPANY Common 191216100 49295 1021656 SH OTHER 479104 0 542552
COLGATE PALMOLIVE COMPANY Common 194162103 16710 365242 SH OTHER 102644 0 262598
COLONIAL BANCGROUP INC Common 195493309 168 15000 SH OTHER 15000 0 0
COLUMBIA/HCA HEALTHCARE CORP Common 197677107 246 11589 SH OTHER 6509 0 5080
COMAIR HOLDINGS INC Common 199789108 3617 216728 SH OTHER 34564 0 182164
COMMUNITY TR BANCORP INC Common 204149108 579 26706 SH OTHER 12700 0 14006
COMPAQ COMPUTER CORP Common 204493100 689 30100 SH OTHER 22938 0 7162
COMPUTER ASSOCIATES INTL INC Common 204912109 243 3975 SH DEFINED 3975 0 0
CONSOLIDATED EDISON INC Common 209115104 75 1800 SH DEFINED 1800 0 0
CONSOLIDATED EDISON INC Common 209115104 170 4086 SH OTHER 2786 0 1300
CONSOLIDATED NATURAL GAS COMPANY Common 209615103 270 4333 SH OTHER 3533 0 800
CONVERGYS CORP Common 212485106 392 19782 SH OTHER 17600 0 2182
CORNING INC Common 219350105 381 5552 SH OTHER 2552 0 3000
CRANE COMPANY Common 224399105 204 9071 SH OTHER 4264 0 4807
CRAWFORD AND COMPANY CL B Common 224633107 369 25790 SH OTHER 9150 0 16640
CSX CORPORATION Common 126408103 620 14628 SH OTHER 9992 0 4636
CVS CORPORATION Common 126650100 890 21800 SH OTHER 20800 0 1000
DAYTON HUDSON CORPORATION Common 239753106 21 350 SH DEFINED 350 0 0
DAYTON HUDSON CORPORATION Common 239753106 177 2950 SH OTHER 1350 0 1600
DEAN FOODS CO Common 242361103 423 9718 SH OTHER 9718 0 0
DELL COMPUTER CORP Common 247025109 713 17047 SH OTHER 1620 0 15427
DELPHI AUTOMOTIVE SYS CORP Common 247126105 236 14699 SH OTHER 11098 0 3601
DELTA AIR LINES INC Common 247361108 339 6996 SH OTHER 5200 0 1796
DIAL CORP NEW Common 25247D101 358 14052 SH OTHER 14052 0 0
DOLLAR GENERAL CORPORATION Common 256669102 7225 234008 SH OTHER 62352 0 171656
DONALDSON INC Common 257651109 7859 338930 SH OTHER 55800 0 283130
DOVER CORPORATION Common 260003108 55129 1348716 SH OTHER 351827 0 996889
DOW CHEMICAL COMPANY Common 260543103 51 450 SH DEFINED 450 0 0
</TABLE>
Page 4
<PAGE> 7
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DOW CHEMICAL COMPANY Common 260543103 673 5922 SH OTHER 1850 0 4072
DUFF AND PHELPS SELECTED UTILITIES Common 264324104 816 84246 SH OTHER 57136 0 27110
DUKE ENERGY CORP Common 264399106 176 3200 SH DEFINED 3200 0 0
DUKE ENERGY CORP Common 264399106 1183 21454 SH OTHER 4372 0 17082
DUN & BRADSTREET CORP DEL Common 26483B106 452 15126 SH OTHER 5825 0 9301
E I DUPONT DE NEMOURS AND COMPANY Common 263534109 10899 180154 SH OTHER 65165 0 114989
E M C CORP MASS Common 268648102 236 3300 SH OTHER 2000 0 1300
EASTMAN KODAK COMPANY Common 277461109 618 8177 SH OTHER 3605 0 4572
ECLIPSE SURGICAL TECH Common 278849104 182 11000 SH OTHER 11000 0 0
ECOLAB INC Common 278865100 3884 113815 SH OTHER 16040 0 97775
ELECTRONIC DATA SYS CORP NEW Common 285661104 295 5579 SH OTHER 4882 0 697
ELI LILLY AND COMPANY Common 532457108 8465 131884 SH OTHER 64027 0 67857
EMERSON ELECTRIC COMPANY Common 291011104 164 2600 SH DEFINED 2600 0 0
EMERSON ELECTRIC COMPANY Common 291011104 5034 79668 SH OTHER 56752 0 22916
ENGELHARD CORPORATION Common 292845104 89 4850 SH DEFINED 4850 0 0
ENGELHARD CORPORATION Common 292845104 947 51899 SH OTHER 19699 0 32200
ENRON CORPORATION Common 293561106 867 21110 SH OTHER 12222 0 8888
EQUIFAX Common 294429105 773 27500 SH OTHER 400 0 27100
EQUITY INV FD 1ST ESCH SER-AT&T Common 294700703 601 3055 SH OTHER 0 0 3055
EQUITY MARKETING INC Common 294724109 256 17934 SH OTHER 17334 0 600
ESTEE LAUDER CO INC Common 518439104 4154 106342 SH OTHER 2630 0 103712
ETHYL CORPORATION Common 297659104 55 14230 SH OTHER 2580 0 11650
EXXON CORPORATION Common 302290101 760 10000 SH DEFINED 5600 0 4400
EXXON CORPORATION Common 302290101 72657 956015 SH OTHER 332771 0 623244
F N B CORP Common 302520101 255 10500 SH OTHER 0 0 10500
FANNIE MAE Common 313586109 1776 28336 SH OTHER 15986 0 12350
FARMERS CAPITAL BANK CORPORATION Common 309562106 982 27468 SH OTHER 1000 0 26468
FEDERAL HOME LN MTG CORP Common 313400301 62794 1207572 SH OTHER 319421 0 888151
FEDERAL NATIONAL MTG Common 313586109 1640 26163 SH OTHER 0 0 26163
FIFTH THIRD BANCORP Common 316773100 16108 264738 SH OTHER 55184 0 209554
</TABLE>
Page 5
<PAGE> 8
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FINOVA GROUP INC Common 317928109 238 6526 SH OTHER 6026 0 500
FIRST AMERICAN CORP Common 318900107 65 1500 SH DEFINED 1500 0 0
FIRST AMERICAN CORP Common 318900107 319 7344 SH OTHER 3366 0 3978
FIRST TENN NATL CORP Common 337162101 14 500 SH DEFINED 500 0 0
FIRST TENN NATL CORP Common 337162101 191 6796 SH OTHER 3148 0 3648
FIRST UNION CORPORATION Common 337358105 115 3240 SH DEFINED 3240 0 0
FIRST UNION CORPORATION Common 337358105 457 12831 SH OTHER 5524 0 7307
FIRSTAR CORP NEW WIS Common 33763V109 8808 343696 SH OTHER 126874 0 216822
FLORIDA PROGRESS CORPORATION Common 341109106 217 4700 SH OTHER 1400 0 3300
FLUOR CORPORATION Common 343861100 975 24220 SH OTHER 0 0 24220
FORD MOTOR COMPANY Common 345370100 196 3900 SH DEFINED 3900 0 0
FORD MOTOR COMPANY Common 345370100 560 11136 SH OTHER 8436 0 2700
FORTUNE BRANDS INC Common 349631101 1363 42270 SH OTHER 35152 0 7118
FPL GROUP INC Common 302571104 442 8770 SH OTHER 4655 0 4115
G & K SERVICES CLASS A Common 361268105 26108 644625 SH OTHER 139240 0 505385
GANNETT INC Common 364730101 15 220 SH DEFINED 220 0 0
GANNETT INC Common 364730101 17872 258310 SH OTHER 52970 0 205340
GENERAL AMERICAN INVESTORS Common 368802104 496 15228 SH OTHER 0 0 15228
GENERAL ELECTRIC COMPANY Common 369604103 1790 15100 SH DEFINED 15100 0 0
GENERAL ELECTRIC COMPANY Common 369604103 116362 981444 SH OTHER 342065 0 639379
GENERAL MILLS INC Common 370334104 1050 12939 SH OTHER 4587 0 8352
GENERAL MOTORS CORPORATION Common 370442105 1404 22306 SH OTHER 17046 0 5260
GENUINE PARTS COMPANY Common 372460105 46 1750 SH DEFINED 1000 0 750
GENUINE PARTS COMPANY Common 372460105 991 37312 SH OTHER 14959 0 22353
GERMAN AMERN BANCORP Common 373865104 1126 47935 SH OTHER 10989 0 36946
GILLETTE COMPANY Common 375766102 33495 986943 SH OTHER 265489 0 721454
GREAT LAKES CHEMICAL CORPORATION Common 390568103 1914 50274 SH OTHER 18285 0 31989
GTE CORPORATION Common 362320103 154 2000 SH DEFINED 2000 0 0
GTE CORPORATION Common 362320103 2782 36187 SH OTHER 19563 0 16624
GUIDANT CORP Common 401698105 1279 23844 SH OTHER 1296 0 22548
</TABLE>
Page 6
<PAGE> 9
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
H AND R BLOCK INC Common 093671105 109 2500 SH DEFINED 2500 0 0
H AND R BLOCK INC Common 093671105 96 2200 SH OTHER 0 0 2200
H J HEINZ COMPANY Common 423074103 123 2850 SH DEFINED 750 0 2100
H J HEINZ COMPANY Common 423074103 2365 55002 SH OTHER 25288 0 29714
HALLIBURTON COMPANY Common 406216101 583 14216 SH OTHER 8566 0 5650
HANNAFORD BROTHERS COMPANY Common 410550107 995 14125 SH OTHER 6150 0 7975
HARLEY DAVIDSON INC Common 412822108 54988 1098389 SH OTHER 269320 0 829069
HASBRO INC Common 418056107 13786 641212 SH OTHER 194441 0 446771
HEALTHSOUTH CORP Common 421924101 148 24225 SH OTHER 24225 0 0
HERCULES INC Common 427056106 57 2000 SH DEFINED 2000 0 0
HERCULES INC Common 427056106 186 6492 SH OTHER 480 0 6012
HERSHEY FOODS CORP Common 427866108 4185 85963 SH OTHER 28911 0 57052
HEWLETT PACKARD COMPANY Common 428236103 200 2200 SH DEFINED 2000 0 200
HEWLETT PACKARD COMPANY Common 428236103 42879 472505 SH OTHER 149262 0 323243
HIGH SPEED ACCESS CORP Common 42979U102 390 17036 SH OTHER 11036 0 6000
HILLENBRAND INDUSTRIES INC Common 431573104 3239 122800 SH OTHER 41950 0 80850
HOME DEPOT INC Common 437076102 144 2100 SH DEFINED 2100 0 0
HOME DEPOT INC Common 437076102 3929 57255 SH OTHER 18897 0 38358
HONEYWELL INC Common 438506107 20 180 SH DEFINED 180 0 0
HONEYWELL INC Common 438506107 200 1800 SH OTHER 700 0 1100
HUBBELL INC CLASS A Common 443510102 834 24800 SH OTHER 10500 0 14300
HUBBELL INC CLASS B Common 443510201 153 4800 SH DEFINED 2800 0 2000
HUBBELL INC CLASS B Common 443510201 6497 203839 SH OTHER 70926 0 132913
HUMANA INC Common 444859102 233 33822 SH OTHER 9130 0 24692
IKON OFFICE SOLUTIONS INC Common 451713101 110 10300 SH OTHER 0 0 10300
ILLINOIS TOOL WORKS INC Common 452308109 454 6095 SH OTHER 5370 0 725
IMMUNOMEDICS INC Common 452907108 89 66420 SH OTHER 66420 0 0
IMS HEALTH INC Common 449934108 834 36538 SH OTHER 5750 0 30788
INDIANA ENERGY INC Common 454707100 225 11196 SH OTHER 8396 0 2800
INTEL CORPORATION Common 458140100 706 9500 SH DEFINED 9500 0 0
</TABLE>
Page 7
<PAGE> 10
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTEL CORPORATION Common 458140100 8079 108722 SH OTHER 67852 0 40870
INTERNATIONAL BUSINESS MACHINES COR Common 459200101 411 3400 SH DEFINED 2200 0 1200
INTERNATIONAL BUSINESS MACHINES COR Common 459200101 45697 377668 SH OTHER 47108 0 330560
INTERNATIONAL FLAVORS & FRAGRANCES Common 459506101 657 19046 SH OTHER 3745 0 15301
INTERNATIONAL PAPER COMPANY Common 460146103 335 6965 SH OTHER 3937 0 3028
IPALCO ENTERPRISES INC Common 462613100 419 21580 SH OTHER 17620 0 3960
ISOLYSER INC Common 464888106 89 24573 SH OTHER 24573 0 0
JDS UNIPHASE CORP Common 46612J101 228 2000 SH OTHER 0 0 2000
JEFFERSON PILOT CORPORATION Common 475070108 551 8718 SH OTHER 7818 0 900
JOHNSON AND JOHNSON Common 478160104 836 9100 SH DEFINED 7600 0 1500
JOHNSON AND JOHNSON Common 478160104 78633 855867 SH OTHER 268092 0 587775
KANSAS CITY SOUTHERN INDUSTRIES INC Common 485170104 837 18000 SH OTHER 6000 0 12000
KELLOGG COMPANY Common 487836108 3557 95014 SH OTHER 37268 0 57746
KEYCORP NEW Common 493267108 1599 61960 SH OTHER 2334 0 59626
KIMBALL INTERNATIONAL INC CLASS B Common 494274103 422 21900 SH OTHER 7800 0 14100
KIMBERLY CLARK CORPORATION Common 494368103 1767 33498 SH OTHER 11547 0 21951
KOHLS CORP Common 500255104 232 3508 SH OTHER 3508 0 0
L G AND E ENERGY CORPORATION Common 501917108 26 1200 SH DEFINED 1200 0 0
L G AND E ENERGY CORPORATION Common 501917108 10383 488631 SH OTHER 289031 0 199600
LANCER CORP TEX Common 514614106 1149 199775 SH OTHER 60000 0 139775
LINCOLN NATIONAL CORPORATION Common 534187109 113 3000 SH DEFINED 0 0 3000
LINCOLN NATIONAL CORPORATION Common 534187109 301 8000 SH OTHER 3400 0 4600
LINEAR TECHNOLOGY CORP Common 535678106 389 6616 SH OTHER 0 0 6616
LOWES COMPANIES INC Common 548661107 224 4600 SH OTHER 0 0 4600
LUCENT TECHNOLOGIES INC Common 549463107 130 2000 SH DEFINED 2000 0 0
LUCENT TECHNOLOGIES INC Common 549463107 8370 129028 SH OTHER 54380 0 74648
MARSH AND MCLENNAN COMPANIES INC Common 571748102 263 3837 SH OTHER 2850 0 987
MATTEL INCORPORATED Common 577081102 16091 846886 SH OTHER 208155 0 638731
MAY DEPARTMENT STORES COMPANY Common 577778103 109 3000 SH DEFINED 2400 0 600
MAY DEPARTMENT STORES COMPANY Common 577778103 6924 190037 SH OTHER 83413 0 106624
</TABLE>
Page 8
<PAGE> 11
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MBIA INC Common 55262C100 15618 334979 SH OTHER 116988 0 217991
MBNA CORP Common 55262L100 433 18990 SH DEFINED 18990 0 0
MBNA CORP Common 55262L100 155 6787 SH OTHER 2175 0 4612
MC DONALDS CORPORATION Common 580135101 471 10900 SH DEFINED 10900 0 0
MC DONALDS CORPORATION Common 580135101 7797 180286 SH OTHER 81398 0 98888
MCCORMICK AND COMPANY INC Common 579780206 1566 47364 SH OTHER 43364 0 4000
MCGRAW HILL INC Common 580645109 116 2400 SH DEFINED 0 0 2400
MCGRAW HILL INC Common 580645109 370 7652 SH OTHER 3200 0 4452
MCI WORLDCOM INC Common 55268B106 3377 46988 SH OTHER 10852 0 36136
MEDIAONE GROUP INC Common 58440J104 394 5770 SH OTHER 3197 0 2573
MEDTRONIC INC Common 585055106 21 600 SH DEFINED 600 0 0
MEDTRONIC INC Common 585055106 201 5640 SH OTHER 2440 0 3200
MELLON BANK CORP Common 585509102 101 3000 SH DEFINED 3000 0 0
MELLON BANK CORP Common 585509102 78 2330 SH OTHER 2330 0 0
MERCANTILE BANCORPORATION INC Common 587342106 201 6500 SH OTHER 6500 0 0
MERCK AND COMPANY INC Common 589331107 817 12600 SH DEFINED 6800 0 5800
MERCK AND COMPANY INC Common 589331107 70764 1091832 SH OTHER 362445 0 729387
MERRILL LYNCH & CO INC Common 590188108 667 9900 SH OTHER 8400 0 1500
MICROSOFT CORPORATION Common 594918104 308 3400 SH DEFINED 3400 0 0
MICROSOFT CORPORATION Common 594918104 5902 65166 SH OTHER 35566 0 29600
MID AMERICA BANCORP Common 595915109 392 16232 SH OTHER 6688 0 9544
MINNESOTA MINING & MANUFACTURING CO Common 604059105 17478 181947 SH OTHER 77281 0 104666
MOBIL CORPORATION Common 607059102 312 3100 SH DEFINED 3100 0 0
MOBIL CORPORATION Common 607059102 21826 216639 SH OTHER 80301 0 136338
MONSANTO COMPANY Common 611662107 125 3500 SH DEFINED 0 0 3500
MONSANTO COMPANY Common 611662107 462 12938 SH OTHER 5750 0 7188
MORGAN J P & CO INC Common 616880100 534 4675 SH OTHER 3440 0 1235
MORGAN STANLEY DEAN WITTER & CO Common 617446448 506 5668 SH OTHER 4524 0 1144
MOTOROLA INC Common 620076109 88 1000 SH DEFINED 1000 0 0
MOTOROLA INC Common 620076109 1404 15951 SH OTHER 6010 0 9941
</TABLE>
Page 9
<PAGE> 12
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MP3.COM INC Common 62473M109 213 5675 SH OTHER 5675 0 0
MSB FINANCIAL INC Common 553519109 121 12301 SH OTHER 12301 0 0
NATIONAL CITY BANCSHARES INC Common 635313109 343 11239 SH OTHER 1331 0 9908
NATIONAL CITY CORPORATION Common 635405103 1256 47072 SH DEFINED 21472 0 25600
NATIONAL CITY CORPORATION Common 635405103 55628 2084402 SH OTHER 764580 0 1319822
NATIONSRENT INC Common 638588103 1163 150000 SH OTHER 0 0 150000
NBTY INC Common 628782104 328 43060 SH OTHER 43060 0 0
NEWELL RUBBERMAID INC Common 651229106 3410 119367 SH OTHER 15677 0 103690
NEWMONT MINING CORPORATION Common 651639106 205 7935 SH OTHER 0 0 7935
NIKE INC CL B Common 654106103 17167 301833 SH OTHER 90575 0 211258
NORDSON CORP Common 655663102 4778 97522 SH OTHER 23550 0 73972
NORFOLK SOUTHERN CORPORATION Common 655844108 15 600 SH DEFINED 600 0 0
NORFOLK SOUTHERN CORPORATION Common 655844108 1918 78301 SH OTHER 28548 0 49753
NORTH EUROPEAN OIL RTY TR Common 659310106 744 50000 SH OTHER 8000 0 42000
NUCOR CORPORATION Common 670346105 5208 109350 SH OTHER 23750 0 85600
NUVEEN INSD MUNI OPPORTUNITY FD INC Common 670984103 334 24100 SH OTHER 0 0 24100
NUVEEN PREM INCOME MUNI FD 4 Common 6706K4105 140 11284 SH OTHER 1284 0 10000
OHIO CASUALTY CORPORATION Common 677240103 238 14128 SH OTHER 0 0 14128
OLD NATIONAL BANCORP INDIANA Common 680033107 828 28684 SH OTHER 216 0 28468
OPTICAL COATING LAB INC Common 683829105 591 6418 SH OTHER 6418 0 0
ORACLE SYS CORP Common 68389X105 238 5225 SH OTHER 3150 0 2075
P P G INDUSTRIES INC Common 693506107 126 2100 SH DEFINED 600 0 1500
P P G INDUSTRIES INC Common 693506107 2565 42754 SH OTHER 14132 0 28622
PARK NATL CORP Common 700658107 4697 46500 SH OTHER 46500 0 0
PARKWAY PPTYS INC Common 70159Q104 648 20100 SH OTHER 0 0 20100
PAYCHEX INC Common 704326107 269 7875 SH OTHER 0 0 7875
PENNY J C CO INC Common 708160106 923 26766 SH OTHER 1005 0 25761
PEPSICO INC Common 713448108 15 500 SH DEFINED 500 0 0
PEPSICO INC Common 713448108 19890 652132 SH OTHER 204268 0 447864
PFIZER INC Common 717081103 4140 115414 SH OTHER 22554 0 92860
</TABLE>
Page 10
<PAGE> 13
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PHARMACIA & UPJOHN INC Common 716941109 473 9540 SH OTHER 1895 0 7645
PHILADELPHIA SUBN CORP Common 718009608 231 9793 SH OTHER 1575 0 8218
PHILIP MORRIS COMPANIES INC Common 718154107 147 4300 SH DEFINED 4300 0 0
PHILIP MORRIS COMPANIES INC Common 718154107 11221 328209 SH OTHER 108162 0 220047
PIONEER HI BRED INTERNATIONAL INC Common 723686101 348 8760 SH OTHER 1500 0 7260
PNC BANK CORPORATION Common 693475105 80 1510 SH DEFINED 1510 0 0
PNC BANK CORPORATION Common 693475105 13484 255933 SH OTHER 154961 0 100972
PROCTER AND GAMBLE COMPANY Common 742718109 736 7850 SH DEFINED 6850 0 1000
PROCTER AND GAMBLE COMPANY Common 742718109 74702 796823 SH OTHER 322437 0 474386
PROGRESSIVE CORP OHIO Common 743315103 216 2650 SH OTHER 1000 0 1650
PROVIDIAN FINL CORP Common 74406A102 135 1700 SH DEFINED 800 0 900
PROVIDIAN FINL CORP Common 74406A102 35844 452640 SH OTHER 185647 0 266993
QUAKER OATS COMPANY Common 747402105 371 5996 SH OTHER 3296 0 2700
R & B INC Common 749124103 186 34537 SH OTHER 34537 0 0
RAMBUS INC Common 750917106 466 7039 SH OTHER 7039 0 0
RAWLINGS SPORTING GOODS Common 754459105 95 10246 SH OTHER 10246 0 0
RAYTHEON CO CL B Common 755111408 149 3000 SH DEFINED 3000 0 0
RAYTHEON CO CL B Common 755111408 99 2000 SH OTHER 400 0 1600
REPUBLIC BANCORP INC KY Common 760281204 104 10500 SH OTHER 2000 0 8500
RES-CARE INC Common 760943100 228 13387 SH OTHER 8587 0 4800
SAFEGUARD SCIENTIFICS INC Common 786449108 1143 16805 SH OTHER 6625 0 10180
SALOMON BROTHERS FUND INC Common 795477108 558 29663 SH OTHER 0 0 29663
SARA LEE CORPORATION Common 803111103 140 6000 SH DEFINED 3000 0 3000
SARA LEE CORPORATION Common 803111103 7449 318664 SH OTHER 147156 0 171508
SBC COMMUNICATIONS, INC Common 78387G103 189 3700 SH DEFINED 3700 0 0
SBC COMMUNICATIONS, INC Common 78387G103 6796 133089 SH OTHER 73071 0 60018
SCHERING PLOUGH CORPORATION Common 806605101 87 2000 SH DEFINED 2000 0 0
SCHERING PLOUGH CORPORATION Common 806605101 26412 605436 SH OTHER 190193 0 415243
SCHLUMBERGER LTD Common 806857108 150 2400 SH DEFINED 0 0 2400
SCHLUMBERGER LTD Common 806857108 1130 18131 SH OTHER 9997 0 8134
</TABLE>
Page 11
<PAGE> 14
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SCRIPPS E W CO Common 811054204 211 4300 SH OTHER 600 0 3700
SEARS ROEBUCK AND COMPANY Common 812387108 200 6372 SH OTHER 1800 0 4572
SIGCORP INC Common 826912107 542 21268 SH OTHER 8986 0 12282
SIGMA ALDRICH CORPORATION Common 826552101 31852 1003207 SH OTHER 225922 0 777285
SOLECTRON CORP Common 834182107 1687 23488 SH OTHER 5832 0 17656
SONAT INC Common 835415100 318 8000 SH OTHER 0 0 8000
SONOCO PRODUCTS CO Common 835495102 549 24075 SH OTHER 6751 0 17324
SOURCE CAPITAL INCORPORATED Common 836144105 323 6603 SH OTHER 5603 0 1000
SOUTHERN COMPANY Common 842587107 548 21285 SH OTHER 17131 0 4154
SPRINT CORPORATION Common 852061100 661 12188 SH OTHER 11788 0 400
STEEL TECHNOLOGIES INC Common 858147101 587 50490 SH OTHER 50490 0 0
STERIS CORP Common 859152100 253 18400 SH OTHER 10000 0 8400
STRYKER CORP Common 863667101 224 4380 SH OTHER 0 0 4380
SUMMIT TECHNOLOGY INC Common 86627E101 216 11763 SH OTHER 11763 0 0
SUN MICROSYSTEMS INC Common 866810104 363 3906 SH OTHER 2606 0 1300
SUNTRUST BANKS INC Common 867914103 13 200 SH DEFINED 200 0 0
SUNTRUST BANKS INC Common 867914103 7637 116152 SH OTHER 50307 0 65845
SYNOVUS FINL CORP Common 87161C105 11864 634837 SH OTHER 101345 0 533492
SYSCO CORPORATION Common 871829107 13 370 SH DEFINED 370 0 0
SYSCO CORPORATION Common 871829107 2934 83669 SH OTHER 49625 0 34044
TBC CORP Common 872180104 131 18994 SH OTHER 18994 0 0
TELEFLEX INC Common 879369106 31610 801521 SH OTHER 204124 0 597397
TEXACO INC Common 881694103 114 1800 SH DEFINED 1800 0 0
TEXACO INC Common 881694103 4901 77634 SH OTHER 36196 0 41438
TEXAS UTILITIES COMPANY Common 882848104 30 800 SH DEFINED 800 0 0
TEXAS UTILITIES COMPANY Common 882848104 245 6571 SH OTHER 4263 0 2308
TEXTRON INC Common 883203101 435 5624 SH OTHER 5624 0 0
THOMAS INDUSTRIES INC Common 884425109 291 15573 SH OTHER 14601 0 972
TIME-WARNER INC Common 887315109 1297 21354 SH OTHER 8754 0 12600
TOOTSIE ROLL INDS INC Common 890516107 7980 242736 SH OTHER 79799 0 162937
</TABLE>
Page 12
<PAGE> 15
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRANSOCEAN OFFSHORE INC CAYMOR Common G90076103 6056 197750 SH OTHER 45250 0 152500
TRI CONTINENTAL CORP Common 895436103 373 12762 SH OTHER 8244 0 4518
TRUSTMARK CORP Common 898402102 410 18200 SH OTHER 11200 0 7000
TYCO INTL LTD NEW Common 902124106 860 8331 SH OTHER 2009 0 6322
U S WEST INC NEW Common 91273H101 1411 24727 SH OTHER 13323 0 11404
UBID INC Common 903469104 316 11964 SH OTHER 11964 0 0
UNILEVER N V Common 904784709 714 10485 SH OTHER 2855 0 7630
UNION PACIFIC CORPORATION Common 907818108 1392 28953 SH OTHER 10017 0 18936
UNION PLANTERS CORP Common 908068109 2238 54913 SH OTHER 24463 0 30450
UNITED TECHNOLOGIES CORPORATION Common 913017109 320 5400 SH DEFINED 5400 0 0
UNITED TECHNOLOGIES CORPORATION Common 913017109 287 4846 SH OTHER 1110 0 3736
US BANCORP Common 902973106 14366 475900 SH OTHER 132750 0 343150
UST INC Common 902911106 1880 62276 SH OTHER 41406 0 20870
VAN KAMPEN AMER CAP VALUE MUNI INC Common 921132106 338 27275 SH OTHER 0 0 27275
VENTAS INC Common 92276F100 61 12752 SH OTHER 1200 0 11552
VIAD CORP Common 92552R109 356 12052 SH OTHER 12052 0 0
VISX INC DELAWARE Common 92844S105 561 7093 SH OTHER 7093 0 0
VODAFONE GROUP PLC Common 92857T107 1098 4620 SH OTHER 2677 0 1943
VULCAN MATERIALS COMPANY Common 929160109 7597 207437 SH OTHER 34687 0 172750
WACHOVIA CORPORATION Common 929771103 244 3100 SH DEFINED 3100 0 0
WACHOVIA CORPORATION Common 929771103 30202 384128 SH OTHER 91175 0 292953
WAL MART STORES INC Common 931142103 333 7000 SH DEFINED 7000 0 0
WAL MART STORES INC Common 931142103 3583 75328 SH OTHER 52190 0 23138
WALGREEN COMPANY Common 931422109 289 11400 SH DEFINED 11400 0 0
WALGREEN COMPANY Common 931422109 64319 2534722 SH OTHER 683680 0 1851042
WALLACE COMPUTER SVCS INC Common 932270101 4433 218925 SH OTHER 79950 0 138975
WALT DISNEY COMPANY Common 254687106 104 4000 SH DEFINED 2000 0 2000
WALT DISNEY COMPANY Common 254687106 21790 838072 SH OTHER 249211 0 588861
WARNER LAMBERT COMPANY Common 934488107 349 5265 SH DEFINED 5265 0 0
WARNER LAMBERT COMPANY Common 934488107 23948 360793 SH OTHER 136373 0 224420
</TABLE>
Page 13
<PAGE> 16
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WASHINGTON MUTUAL INC Common 939322103 716 24469 SH OTHER 5569 0 18900
WAVO CORP Common 944027101 341 76807 SH OTHER 76807 0 0
WEBFINANCIAL CORP WTS Common 94767P118 37 63017 SH OTHER 63017 0 0
WELLS FARGO & CO NEW Common 949746101 542 13688 SH OTHER 7088 0 6600
WEYERHAEUSER COMPANY Common 962166104 336 5826 SH OTHER 5700 0 126
WILLAMETTE INDUSTRIES INC Common 969133107 2588 60000 SH OTHER 60000 0 0
WILLIAMS COMPANIES INC Common 969457100 717 19059 SH OTHER 6837 0 12222
WINN DIXIE STORES INC Common 974280109 532 17907 SH OTHER 17907 0 0
WM WRIGLEY JR COMPANY Common 982526105 509 7400 SH OTHER 7400 0 0
WPI GROUP INC Common 92930K107 66 23115 SH OTHER 23115 0 0
XEROX CORPORATION Common 984121103 1214 28940 SH OTHER 3840 0 25100
ABN AMRO HLDG ADR Common 000937102 7 300 SH OTHER 0 0 300
AEGON N V Common 007924103 173 2000 SH DEFINED 600 0 1400
AEGON N V Common 007924103 23777 274886 SH OTHER 109428 0 165458
BP AMOCO P L C Common 55622104 16528 149150 SH OTHER 88041 0 61109
CABLE & WIRELESS HKT Common 126828102 2450 112621 SH OTHER 32432 0 80189
DAIMLERCHRYSLER AG Common D1668R123 514 7396 SH OTHER 2698 0 4698
GALLAHER GROUP PLC Common 363595109 864 31796 SH OTHER 22038 0 9758
GLAXO WELLCOME PLC Common 37733W105 730 14039 SH OTHER 8739 0 5300
POTASH CORP SASKATCHEWAN Common 73755L107 4867 94277 SH OTHER 32715 0 61562
REUTERS GROUP PLC Common 76132M102 2416 35071 SH OTHER 8229 0 26842
ROYAL DUTCH PETROLEUM GLDR 1.25 Common 780257804 260 4400 SH DEFINED 4400 0 0
ROYAL DUTCH PETROLEUM GLDR 1.25 Common 780257804 16280 275646 SH OTHER 76658 0 198988
SEAGRAM LTD Common 811850106 2043 44901 SH OTHER 15500 0 29401
SMITHKLINE BEECHAM PLC A ADR Common 832378301 17 300 SH DEFINED 300 0 0
SMITHKLINE BEECHAM PLC A ADR Common 832378301 1678 29122 SH OTHER 19552 0 9570
TELEFONOS DE MEXICO S A Common 879403780 214 3000 SH OTHER 0 0 3000
TOKIO MARINE & FIRE INS LTD Common 889090403 656 11400 SH OTHER 400 0 11000
HILLIARD LYONS GROWTH Other 431609106 1171 35763 SH OTHER N.A. N.A. N.A.
MARSH SUPERMARKETS INC 7% 2 Other 571783AB5 58 60000 PRN OTHER N.A. N.A. N.A.
</TABLE>
Page 14
<PAGE> 17
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS
FORM 13F FOR
HILLIARD LYONS
AS OF SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
- ------ ------ ------ ------ ------ ------ ------ ------
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES INVEST AUTH MNGR VOTING AUTH (SHARES)
(x1000) SH/PRN DEFINED/ SOLE SHARED NONE
OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OLD NATL BANCORP IND 8% 9 Other 680033AA5 22 10000 PRN OTHER N.A. N.A. N.A.
MUNIVEST FD INC Other 626295109 197 23750 SH OTHER N.A. N.A. N.A.
VAN KAMPEN AMERN CAP ADVANTAGE Other 92112K107 281 24700 SH OTHER N.A. N.A. N.A.
VAN KAMPEN AMERN CAP MUN OPPOR Other 920944105 311 26065 SH OTHER N.A. N.A. N.A.
VAN KAMPEN AMERN CAP SELECT SE Other 92112M103 247 22310 SH OTHER N.A. N.A. N.A.
</TABLE>
TOTAL 2450215
Page 15
