UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: Flippin, Bruce & Porter, Inc.
Address: 800 Main Street
2nd Floor
Lynchburg, VA 24504
13F File Number: 28-1905
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 this Report on Behalf of Reporting Manager:
Name: R. Gregory Porter, III
Title: Principal
Phone: (804) 845-4900
Signature, Place, and Date of Signing:
R. GregoLynchburg, Virginia
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 162
Form 13F Information Table Value Total: 2188585
List of Other Included Managers:
No. 13F FileName
01 TRUST COMPANY OF KNOXVILLE
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVESTMEOTHER VOTING AUTHORITY
NAME OF TITLE OFCUSIP (X$1000)PRN AMT PRN CALL DISCRETIMANAGERSSOLE SHARED NONE
ABBOTT LCOM 002824102788.481 59567SH SOLE 55767 0 3800
AEGON N COM 00792410 582.03 6476SH SOLE 6476 0 0
AETNA INCOM 0081171044949.98 541566SH SOLE 487966 0 53600
697.2 8400SH DEFINED 01 0 0 8400
AIR PRODCOM 00915810 219.2 6400SH SOLE 6400 0 0
ALEXANDECOM 014482101072.506 54650SH SOLE 54650 0 0
ALLERGANCOM 0184901013173.43 149911SH SOLE 142811 0 7100
ALLIEDSICOM 01951210 349.231 7100SH SOLE 7100 0 0
AMERICANCOM 0258161018125.61 153933SH SOLE 134533 0 19400
624.075 5300SH DEFINED 01 0 0 5300
AMERICANCOM 026609102072.862 31768SH SOLE 31768 0 0
AMERICANCOM 0268741011945.74 99032SH SOLE 89582 0 9450
AMERUS LCOM 03073210 471.84 19660SH SOLE 16233 0 3427
AMGEN INCOM 0311621056025.82 748258SH SOLE 683258 0 65000
868.55 11600SH DEFINED 01 0 0 11600
AMP INC COM 03189710 467.322 8735SH SOLE 8735 0 0
ANHEUSERCOM 03522910 449.137 5900SH SOLE 5900 0 0
APPLEBEECOM 0378991036070.91 1453736SH SOLE 1354086 0 99650
471.437 19000SH DEFINED 01 0 0 19000
APPLIED COM 03822210 413.306 6700SH SOLE 6000 0 700
ARCHER DCOM 039483103816.398 259834SH SOLE 246234 0 13600
AT&T CORCOM 001957101680.053 21050SH SOLE 19850 0 1200
ATLANTICCOM 04882510 541.125 7400SH SOLE 7400 0 0
AUTOMATICOM 05301510 271.916 6572SH SOLE 6572 0 0
AUTOZONECOM 05333210 334.125 11000SH SOLE 11000 0 0
AVADO BRCOM 05336P103197.786 538567SH SOLE 479767 0 58800
BAKER HUCOM 05722410 302.277 12433SH SOLE 12433 0 0
BANK OF COM 06605R10 441.787 10200SH SOLE 10200 0 0
BANK OF COM 06240110 290.413 13126SH SOLE 13126 0 0
BANK ONECOM 06423A1073846.57 1341139SH SOLE 1215952 0 125187
1321.5 24000SH DEFINED 01 0 0 24000
BANKAMERCOM 06605F1060254.57 853162SH SOLE 772046 0 81116
1200.625 17000SH DEFINED 01 0 0 17000
BAXTER ICOM 07181310 264 4000SH SOLE 4000 0 0
BELL ATLCOM 077853102710.803 52446SH SOLE 51622 0 824
BELLSOUTCOM 07986010 491.967 12280SH SOLE 10428 0 1852
BELO A HCOM 08055510 1460 80000SH SOLE 80000 0 0
BP AMOCOCOM 05562210 639.027 6327SH SOLE 6327 0 0
BRISTOL-COM 1101221048826.44 761426SH SOLE 705526 0 55900
731.025 11400SH DEFINED 01 0 0 11400
BURLINGTCOM 12189T101001.044 30450SH SOLE 30450 0 0
CABLE & COM 12683020 251.175 6800SH SOLE 6800 0 0
CBRL GROCOM 12489V1025763.67 1431315SH SOLE 1279415 0 151900
318.6 17700SH DEFINED 01 0 0 17700
CENDANT COM 1513131051462.26 3228993SH SOLE 2920593 0 308400
653.437 41000SH DEFINED 01 0 0 41000
CHASE MACOM 16161A1068872.14 846355SH SOLE 769155 0 77200
1139.25 14000SH DEFINED 01 0 0 14000
CIRCUIT COM 1727371062036.83 809616SH SOLE 753116 0 56500
881.187 11500SH DEFINED 01 0 0 11500
CIRCUS CCOM 172909101724.146 98172SH SOLE 89372 0 8800
CISCO SYCOM 17275R10 312.253 2850SH SOLE 2450 0 400
CITIGROUCOM 1729671068136.68 1066719SH SOLE 967657 0 99062
878.281 13750SH DEFINED 01 0 0 13750
COASTAL COM 19044110 277.2 8400SH SOLE 8400 0 0
COCA COLCOM 191216101520.566 24775SH SOLE 22775 0 2000
COLUMBIACOM 19767710 972.63 51360SH SOLE 51360 0 0
COMPAQ CCOM 2044931038681.77 1220724SH SOLE 1094630 0 126094
667.814 21075SH DEFINED 01 0 0 21075
CONAGRA COM 20588710 942.129 36766SH SOLE 36766 0 0
CROWN COCOM 2282551031466.65 1101674SH SOLE 974274 0 127400
531.262 18600SH DEFINED 01 0 0 18600
CSX CORPCOM 12640810 281.907 7240SH SOLE 6400 0 840
DEERE & COM 24419910 633.45 16400SH SOLE 16400 0 0
DILLARDSCOM 2540671044363.37 1748310SH SOLE 1558510 0 189800
700.35 27600SH DEFINED 01 0 0 27600
DIMON INCOM 254394103670.103 962650SH SOLE 885250 0 77400
DISNEY WCOM 25468710 463.762 14900SH SOLE 14900 0 0
DONNELLECOM 2578671013471.76 418540SH SOLE 342940 0 75600
363.719 11300SH DEFINED 01 0 0 11300
DOW CHEMCOM 2605431024143.22 259082SH SOLE 234732 0 24350
559.125 6000SH DEFINED 01 0 0 6000
DU PONT COM 26353410 984.159 16950SH SOLE 16550 0 400
EASTMAN COM 2774611042104.36 659168SH SOLE 589118 0 70050
702.625 11000SH DEFINED 01 0 0 11000
EATON COCOM 27805810 327.47 4580SH SOLE 3500 0 1080
EL PASO COM 283905101817.425 55600SH SOLE 55600 0 0
ELECTRONCOM 2856611054127.68 1111735SH SOLE 1001235 0 110500
876.375 18000SH DEFINED 01 0 0 18000
EMERSON COM 29101110 259.394 4900SH SOLE 4900 0 0
EQUITABLCOM 2945491012148.85 466141SH SOLE 419041 0 47100
158.981 6100SH DEFINED 01 0 0 6100
ETHYL COCOM 297659102169.358 510437SH SOLE 417477 0 92960
80.75 19000SH DEFINED 01 0 0 19000
EXXON COCOM 30229010 2878.88 40799SH SOLE 37967 0 2832
FANNIE MCOM 313586101043.944 15075SH SOLE 15075 0 0
FDX CORPCOM 31304N1054063.97 581333SH SOLE 524233 0 57100
837 9000SH DEFINED 01 0 0 9000
FIRST DACOM 319963103060.815 71598SH SOLE 68198 0 3400
FIRST UNCOM 337358102855.914 53444SH SOLE 53444 0 0
FLEET FICOM 338915101102.412 29300SH SOLE 29300 0 0
FREDDIE COM 313400305375.912 93800SH SOLE 89600 0 4200
GENERAL COM 3696041028305.95 255873SH SOLE 230091 0 25782
696.937 6300SH DEFINED 01 0 0 6300
GENUINE COM 372460102340.367 81227SH SOLE 77627 0 3600
GREAT LACOM 3905681022852.73 621843SH SOLE 563443 0 58400
227.85 6200SH DEFINED 01 0 0 6200
GTE CORPCOM 3623201029585.17 489011SH SOLE 440837 0 48174
320.65 5300SH DEFINED 01 0 0 5300
HALLIBURCOM 406216101010.625 26250SH SOLE 23250 0 3000
HARRIS CCOM 4138751030169.26 1053948SH SOLE 942498 0 111450
334.912 11700SH DEFINED 01 0 0 11700
HARTFORDCOM 416515101149.885 20240SH SOLE 20240 0 0
HEWLETT COM 4282361037714.11 556152SH SOLE 503002 0 53150
549.281 8100SH DEFINED 01 0 0 8100
HOUSEHOLCOM 44181510 355.601 7794SH SOLE 7794 0 0
IKON OFFCOM 4517131024193.59 1888270SH SOLE 1685970 0 202300
333.125 26000SH DEFINED 01 0 0 26000
INTEL COCOM 458140101290.388 10855SH SOLE 9855 0 1000
INTL BUSCOM 45920010111681.5 630079SH SOLE 566979 0 63100
1825.675 10300SH DEFINED 01 0 0 10300
JEFFERSOCOM 47507010 387.598 5721SH SOLE 5721 0 0
JOHNSON COM 4781601040684.56 435129SH SOLE 388429 0 46700
813.45 8700SH DEFINED 01 0 0 8700
K MART CCOM 4825841033102.48 1968913SH SOLE 1772213 0 196700
546.406 32500SH DEFINED 01 0 0 32500
KERR MCGCOM 4923861029748.88 906630SH SOLE 811344 0 95286
399.558 12177SH DEFINED 01 0 0 12177
KEYCORP COM 49326710 543.2 17920SH SOLE 17920 0 0
KLA INSTCOM 48248010 296.231 6100SH SOLE 6100 0 0
LINCOLN COM 53418710 220.788 2233SH SOLE 2233 0 0
MALLINCKCOM 5612321043389.49 1629652SH SOLE 1480952 0 148700
692.25 26000SH DEFINED 01 0 0 26000
MARSH & COM 5717481014796.17 199275SH SOLE 167325 0 31950
MAY DEPTCOM 57777810 367.149 9384SH SOLE 9384 0 0
MCDONALDCOM 58013510 539.219 11900SH SOLE 11900 0 0
MCI WORLCOM 55268B10 287.474 3246SH SOLE 3246 0 0
MERCK & COM 5893311042586.44 531500SH SOLE 481400 0 50100
721.125 9000SH DEFINED 01 0 0 9000
MICROSOFCOM 59491810 428.407 4780SH SOLE 4780 0 0
MINNESOTCOM 60405910 825.582 11669SH SOLE 11669 0 0
MOBIL COCOM 607059103225.816 36657SH SOLE 35257 0 1400
MORGAN JCOM 61688010 415.774 3370SH SOLE 3370 0 0
MORGAN SCOM 61744644 409.744 4100SH SOLE 4100 0 0
MOTOROLACOM 62007610 574.28 7840SH SOLE 7840 0 0
NORDSTROCOM 65566410 275.906 6750SH SOLE 6750 0 0
NORFOLK COM 65584410 5385.88 204204SH SOLE 195429 0 8775
NOVELL ICOM 6700061053492.39 2123762SH SOLE 1919862 0 203900
881.562 35000SH DEFINED 01 0 0 35000
OCCIDENTCOM 67459910 631.8 35100SH SOLE 35100 0 0
OCTEL COCOM 675727102542.021 207512SH SOLE 199500 0 8012
OLSTEN CCOM 6813851020579.72 3325976SH SOLE 3019376 0 306600
235.125 38000SH DEFINED 01 0 0 38000
ONE VALLCOM 68241910 699.793 20066SH SOLE 20066 0 0
OWENS COCOM 69073F10725.3253 22800SH SOLE 21600 0 1200
PAGING NCOM 6955421019195.04 4094865SH SOLE 3739894 0 354971
167.812 35800SH DEFINED 01 0 0 35800
PARTY CICOM 70214510 356.737 90600SH SOLE 70600 0 20000
PENNZENECOM 70931Q104062.744 386928SH SOLE 337828 0 49100
134.4 12800SH DEFINED 01 0 0 12800
PENNZOILCOM 709323104842.437 391308SH SOLE 342608 0 48700
158.4 12800SH DEFINED 01 0 0 12800
PEP BOYSCOM 7132781026213.15 1718895SH SOLE 1543595 0 175300
448.35 29400SH DEFINED 01 0 0 29400
PEPSICO COM 713448102894.783 73870SH SOLE 69870 0 4000
PFIZER ICOM 71708110 2786.1 20080SH SOLE 18480 0 1600
PHARMACICOM 71694110 26293 421531SH SOLE 377231 0 44300
717.312 11500SH DEFINED 01 0 0 11500
PHILIP MCOM 7181541036280.41 1031058SH SOLE 977458 0 53600
608.744 17300SH DEFINED 01 0 0 17300
PHYCOR ICOM 71940F10 1282.5 270000SH SOLE 270000 0 0
PIMCO ADCOM 69338P103904.317 124193SH SOLE 119434 0 4759
PLUMA INCOM 72927210 12 24000SH SOLE 24000 0 0
PRAXAIR COM 74005P10 837.876 23234SH SOLE 23234 0 0
PROCTER COM 742718101751.122 17880SH SOLE 17880 0 0
PROVIDIACOM 74406A10 1232 11200SH SOLE 11200 0 0
RAYCHEM COM 754603101015.312 45000SH SOLE 45000 0 0
RAYTHEONCOM 75511140 743.951 12690SH SOLE 12690 0 0
ROHM & HCOM 77537110 402.75 12000SH SOLE 12000 0 0
ROYAL DUCOM 78025780 691.6 13300SH SOLE 13300 0 0
SBC COMMCOM 78387G10 641.844 13602SH SOLE 13602 0 0
SCHLUMBECOM 8068571048421.03 804502SH SOLE 718802 0 85700
878.737 14600SH DEFINED 01 0 0 14600
SEAGATE COM 81180410 286.756 9700SH SOLE 9700 0 0
SERVICE COM 8175651039473.64 2770080SH SOLE 2508130 0 261950
478.8 33600SH DEFINED 01 0 0 33600
SHAW INDCOM 8202861023063.82 1246693SH SOLE 1147493 0 99200
425.5 23000SH DEFINED 01 0 0 23000
SHERWIN COM 82434810 472.5 16800SH SOLE 16800 0 0
SLM HOLDCOM 78442A1052430.78 1255827SH SOLE 1135502 0 120325
880.925 21100SH DEFINED 01 0 0 21100
SONAT INCOM 83541510 14610.6 487020SH SOLE 406520 0 80500
402 13400SH DEFINED 01 0 0 13400
ST PAUL COM 79286010 594.226 19130SH SOLE 19130 0 0
SUN MICRCOM 86681010 475.237 3800SH SOLE 3800 0 0
SUNDSTRACOM 86732310 562.95 8100SH SOLE 8100 0 0
SUNTRUSTCOM 86791410 1428.7 22951SH SOLE 22951 0 0
TEXAS UTCOM 88284810 327.6 7800SH SOLE 7800 0 0
TORCHMARCOM 89102710 379.5 12000SH SOLE 12000 0 0
TOYS R UCOM 8923351043222.28 2297519SH SOLE 2065019 0 232500
489.125 26000SH DEFINED 01 0 0 26000
TULTEX CCOM 89990010 55 88000SH SOLE 88000 0 0
U S WESTCOM 91273H10 814.925 14800SH SOLE 14800 0 0
UNION PACOM 9078181017431.94 326211SH SOLE 303511 0 22700
UNION PACOM 90783410 423.023 35623SH SOLE 35623 0 0
UNION PLCOM 90806810 292.887 6666SH SOLE 6666 0 0
UNITED DCOM 9101971032218.25 3143244SH SOLE 2764844 0 378400
399.75 39000SH DEFINED 01 0 0 39000
UNITED HCOM 9105811011761.69 223500SH SOLE 204200 0 19300
UNIVERSACOM 91353810 276.375 13400SH SOLE 13400 0 0
UNOCAL CCOM 915289101161.562 31500SH SOLE 31500 0 0
UNUM CORCOM 903192101355.531 28500SH SOLE 28500 0 0
UST INC COM 9029111019462.89 744991SH SOLE 703541 0 41450
203.775 7800SH DEFINED 01 0 0 7800
USX-MARACOM 902905823518.075 127930SH SOLE 127930 0 0
WACHOVIACOM 92977110 432.892 5332SH SOLE 5332 0 0
WAL MARTCOM 9311421056605.19 614022SH SOLE 564672 0 49350
1069.375 11600SH DEFINED 01 0 0 11600
WARNER LCOM 93448810 814.875 12300SH SOLE 12300 0 0
WASTE MGCOM 94106L1023641.05 532756SH SOLE 486523 0 46233
433.544 9770SH DEFINED 01 0 0 9770
WEYERHAECOM 9621661018199.45 327918SH SOLE 282418 0 45500
244.2 4400SH DEFINED 01 0 0 4400
WILLIAMSCOM 96945710 312.05 7900SH SOLE 7900 0 0
XEROX COCOM 98412110 5508.57 105680SH SOLE 105680 0 0
COLUMN TOTALS: 218858566884937 59758774 0 7126163
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