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TICKER DESCRIPTION CUSIP MARKET VALUE SHARES
BLC A.H. BELO CORPORATION SER A 80555105 18,103,596.88 981,890
ABT ABBOTT LABORATORIES 2824100 32,066,257.00 674,192
ADX ADAMS EXPRESS COMPANY 6212104 512,631.00 13,272
ADBE ADOBE SYSTEMS INC 00724F101 271,687.50 1,750
ACV/A ALBERTO CULVER CL A 13068200 11,807,495.13 471,122
ALFA ALFA CORPORATION 15385107 478,240.88 27,426
AFC ALLMERICA FINANCIAL CORPORATION 19754100 406,067.06 6,351
ALTR ALTERA CORPORATION 21441100 210,100.00 4,400
AHC AMERADA HESS CORP 23551104 311,527.13 4,654
AOL AMERICA ONLINE INC 02364J104 1,485,650.00 27,640
AXP AMERICAN EXPRESS 25816109 11,832,520.50 194,774
AHP AMERICAN HOME PRODUCTS CORP 26609107 69,150,145.00 1,222,544
AIG AMERICAN INTERNATIONAL GROUP 26874107 135,453,036.40 1,415,577
AMGN AMGEN INC 31162100 230,432.81 3,300
BUD ANHEUSER-BUSCH CO INC 35229103 3,698,874.13 87,418
ASTE ASTEC INDUSTRIES INC 46224101 945,000.00 86,400
T AT&T CORPORATION 1957109 882,678.92 30,049
AUD AUTOMATIC DATA PROCESSING INC 53015103 666,409.38 9,965
BAC BANK OF AMERICA CORPORATION 60505104 7,929,522.63 151,399
ONE BANK ONE CORPORATION 06423A103 663,616.13 17,181
BLS BELLSOUTH CORP 79860102 1,298,384.50 32,258
BRK/B BERKSHIRE HATHAWAY INC-CL B 84670207 281,520.00 136
BA BOEING COMPANY 97023105 2,607,381.00 41,387
BSX BOSTON SCIENTIFIC CORPORATION 101137107 225,193.75 13,700
BP BP AMOCO PLC SPON ADR 55622104 613,952.42 11,584
BMY BRISTOL MYERS-SQUIBB CO 110122108 56,977,446.13 997,417
COF CAPITAL ONE FINANCIAL CORPORATION 14040H105 49,098,289.31 700,778
CAH CARDINAL HEALTH INC 14149Y108 617,312.50 7,000
FUN CEDAR FAIR LP 150185106 331,875.00 18,000
CMB CHASE MANHATTAN CORPORATION 16161A108 90,284,068.78 1,954,730
CHV CHEVRON CORP 166751107 1,381,662.44 16,207
CSCO CISCO SYSTEMS INC 17275R102 948,090.00 17,160
C CITIGROUP INC 172967101 341,999.36 6,326
CGP COASTAL CORPORATION 190441105 114,487,761.88 1,544,523
KO COCA COLA COMPANY 191216100 6,609,322.13 119,897
CNB COLONIAL BANCGROUP INC 195493309 2,442,990.88 235,469
CPQ COMPAQ COMPUTER CORP 204493100 202,850.90 7,355
CA COMPUTER ASSOCIATES INTERNATIONAL INC 204912109 255,955.38 10,162
CEFT CONCORD EFS INC 206197105 46,921,645.55 1,321,155
COST COSTCO WHOLESALE CORPORATION 22160K105 54,719,566.69 1,566,213
DLP DELTA & PINE LAND COMPANY 247357106 239,741.44 9,333
DPL DPL INC 233293109 1,432,522.00 48,152
DD DU PONT E I DE NEMOURS & CO 263534109 284,219.81 6,859
DUK DUKE ENERGY CORPORATION 264399106 1,238,916.00 14,448
DBG DYERSBURG CORPORATION 267575108 4,400.00 80,000
ELN ELAN CORPORATION PLC ADR 284131208 113,761,849.50 2,077,842
EDS ELECTRONIC DATA SYSTEMS CORPORATION 285661104 81,235,752.00 1,957,488
EMC EMC CORP-MASS 268648102 248,991,294.50 2,511,892
EFX EQUIFAX INC 294429105 52,584,944.83 1,952,109
XOM EXXON MOBIL CORPORATION 30231G102 9,857,492.38 110,603
FNM FANNIE MAE 313586109 33,516,259.22 468,759
FRE FEDERAL HOME LOAN MORTGAGE 313400301 100,225,765.94 1,853,887
FD FEDERATED DEPARTMENT STORES 31410H101 33,033,468.88 1,264,439
FDX FEDEX CORPORATION 31428X106 710,770.20 16,030
FITB FIFTH THIRD BANCORP 316773100 609,703.38 11,317
FTN FIRST TENNESSEE NATIONAL CORPORATION 337162101 2,844,348.19 139,173
FBF FLEET BOSTON FINANCIAL CORP 339030108 96,839,379.00 2,483,061
GE GENERAL ELECTRIC COMPANY 369604103 109,960,335.88 1,906,138
GLX GLAXO WELLCOME PLC 37733W105 294,149.31 4,867
GTN GLOBAL TECHNOVATIONS INC 37939M109 8,750.00 10,000
GDT GUIDANT CORPORATION 401698105 58,415,089.69 826,385
HRC HEALTHSOUTH CORPORATION 421924101 172,493.75 21,230
HWP HEWLETT PACKARD CO 428236103 821,396.00 8,468
HLT HILTON HOTELS CORPORATION 432848109 150,485.94 13,015
HD HOME DEPOT INC 437076102 2,928,041.81 55,181
INDYY INDEPENDENT ENERGY HOLDINGS PLC 453992109 272,650.00 32,800
INTC INTEL CORPORATION 458140100 20,459,514.69 492,259
IBM INTERNATIONAL BUSINESS MACHINE 459200101 972,900.00 8,648
IPG INTERPUBLIC GROUP COS INC 460690100 94,819,863.51 2,783,702
IVX IVAX CORP 465823102 224,250.00 4,875
JP JEFFERSON PILOT 475070108 263,355.00 3,880
JNJ JOHNSON & JOHNSON 478160104 980,613.56 10,439
K KELLOGG CO 487836108 214,422.19 8,865
KMB KIMBERLY CLARK CORPORATION 494368103 65,223,157.25 1,168,612
PHG KONINKLIJKE (ROYAL) PHILIPS ELECTRONIC 500472303 303,280.00 7,136
ERICY L.M. ERICSSON TELEPHONE COMPANY ADR 294821400 1,301,722.50 87,880
LOVETT LOVETT'S BUFFET INC 546996109 38,204.10 22,473
LU LUCENT TECHNOLOGIES INC 549463107 1,099,307.13 35,969
MMC MARSH & MCLENNAN COS INC 571748102 236,162.25 1,779
MAY MAY DEPARTMENT STORES COMPANY 577778103 365,925.00 17,850
MBI MBIA INC 55262C100 291,612.50 4,100
MCD McDONALD'S CORPORATION 580135101 241,500.00 8,000
MRX MEDICIS PHARMACEUTICALS CORP 584690309 2,100,255.75 34,151
MDT MEDTRONIC INC 585055106 106,449,921.13 2,054,522
MEL MELLON FINANCIAL CORP 58551A108 249,590.32 5,382
MRK MERCK & COMPANY 589331107 28,998,691.31 389,571
MER MERRILL LYNCH & COMPANY INC 590188108 316,800.00 4,800
MSFT MICROSOFT CORPORATION 594918104 71,240,823.44 1,181,195
MBIO MOLECULAR BIOSYSTEMS INC 608513107 19,250.00 38,500
MOT MOTOROLA INC 620076109 73,222,107.25 2,591,933
MMA MUNICIPAL MORTGAGE & EQUITY LLC 62624B101 376,125.00 17,700
NCBC NATIONAL COMMERCE BANCORP 635449101 4,254,182.49 213,376
NSC NORFOLK SOUTHERN CORP 655844108 163,726.88 11,195
NT NORTEL NETWORKS CORPORATION 656569100 429,445.63 7,210
OCAS OHIO CASUALTY CORP 677240103 267,680.88 42,196
PEP PEPSICO INC 713448108 77,741,334.00 1,690,029
PFGC PERFORMANCE FOOD GROUP COMPANY 713755106 282,187.50 7,500
PFE PFIZER INC 717081103 111,869,569.50 2,489,448
PHA PHARMACIA CORPORATION 71713U102 2,839,044.38 47,170
PBI PITNEY BOWES INC 724479100 1,042,490.88 26,434
POSC POSITRON CORP 737397109 3,950.00 10,000
PX PRAXAIR INC 74005P104 243,509.56 6,515
PG PROCTER & GAMBLE COMPANY 742718109 553,487.00 8,261
PBKS PROVIDENT BANKSHARES CORP 743859100 523,605.00 31,260
QCOM QUALCOMM INC 747525103 587,812.50 8,250
Q QWEST COMMUNICATIONS INTL INC 749121109 271,889.56 5,657
RDIR RADAIR INC 750119109 0.50 50,000
RTN/B RAYTHEON COMPANY - CL B 755111408 757,859.38 26,650
RTN/A RAYTHEON COMPANY - CL A 755111309 959,493.75 35,050
REI RELIANT ENERGY INC 75952J108 232,500.00 5,000
REP REPSOL SA ADR 76026T205 17,483,117.72 954,710
RTRSY REUTERS HOLDINGS PLC ADR B 76132M102 4,789,310.13 42,619
RFS RFS HOTEL INVESTORS INC 74955J108 564,160.75 44,686
RD ROYAL DUTCH PETROLEUM COMPANY 780257804 4,894,975.75 81,668
SKS SAKS INC 79377W108 348,459.13 35,287
SBC SBC COMMUNICATIONS INC 78387G103 2,362,900.00 47,258
SCBI SCB COMPUTER TECHNOLOGY INC 78388N107 6,500.00 10,000
SGP SCHERING PLOUGH CORPORATION 806605101 157,878,753.00 3,395,242
SLB SCHLUMBERGER LTD 806857108 703,936.50 8,552
SMG SCOTTS COMPANY CL A 810186106 667,722.00 19,932
SC SHELL TRANS & TRADING SP ADR 822703609 1,275,800.63 26,070
SBH SMITHKLINE BEECHAM PLC ADR 832378301 411,750.00 6,000
SLR SOLECTRON CORPORATION 834182107 922,500.00 20,000
FON SPRINT CORP (FON GROUP) 852061100 32,899,499.94 1,122,371
STT STATE STREET CORPORATION 857477103 364,000.00 2,800
STAXE STELAX INDUSTRIES LTD 858497100 88,150.00 215,000
SUNW SUN MICROSYSTEMS INC 866810104 966,106.25 8,275
SYY SYSCO CORPORATION 871829107 89,657,572.88 1,935,926
TX TEXACO INC 881694103 34,118,070.00 649,868
TXN TEXAS INSTRUMENTS INC 882508104 434,125.00 9,200
LTD THE LIMITED INC 532716107 213,123.75 9,660
TWX TIME WARNER INC 887315109 2,700,642.25 34,513
TMK TORCHMARK CORP 891027104 804,643.44 28,931
TYC TYCO INTERNATIONAL LTD 902124106 225,033.75 4,338
UN UNILEVER NV 904784709 2,022,543.57 41,918
UPC UNION PLANTERS CORP 908068109 513,526.75 15,532
UNM UNUMPROVIDENT CORP 91529Y106 2,447,458.75 89,815
VASO VASOMEDICAL INC 922321104 151,125.00 31,000
VZ VERIZON COMMUNICATIONS 92343V104 99,980,376.36 2,064,111
VIA/B VIACOM INC CL B 925524308 45,737,874.00 781,844
VOD VODAFONE GROUP PLC SP ADR 92857W100 129,940,004.00 3,511,892
VYRX VYREX CORPORATION 92922E101 11,375.00 14,000
WDFC W D 40 CORP 929236107 371,875.00 17,500
GWW W W GRAINGER 384802104 3,913,431.81 148,729
WDR/B WADDELL & REED FINANCIAL INC CL B 930059209 258,941.00 8,929
WMT WAL MART STORES INC 931142103 7,196,420.00 149,536
WAG WALGREEN COMPANY 931422109 777,267.74 20,488
DIS WALT DISNEY COMPANY 254687106 20,357,271.56 532,216
WFC WELLS FARGO COMPANY 949746101 123,011,667.19 2,677,805
WMB WILLIAMS COMPANIES INC 969457100 315,185.00 7,460
WCOM WORLDCOM INC 98157D106 73,054,608.75 2,405,090
XL XL CAPITAL LTD CL A G98255105 105,920,421.63 1,441,094
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