UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: September 30, 1999
Check here if Amendment [x ]; Amendment Number: 6
This Amendment (Check only one.): [ x ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing This Report:
Name: The Southern Fiduciary Group Inc.
Address: 2325 Crestmoor Road, Suite 202
P.O. Box 158947
Nashville, Tennessee 37215
13F File Number: 28-2983
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 is is understood that all required items, statement,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Ernest Williams III, C.F.A.
Title: President
Phone: 615-383-7701
Signature, Place, and Date of Signing
Ernest Williams III Nashville, TN November 11, 1999
Report Type (Check only one.):
[ x ] 13F Holdings Report
[ ] 13F Notice
[ ] Combination Report
List of Other Managers Reporting for this Manager:
NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT
OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
REPORT SUMMARY;
NUMBER OF OTHER INCLUDED MANAGERS: NONE
FORM 13F INFORMATION TABLE ENTRY TOTAL: 64
FORM 13F INFORMATION TABLE VALUE TOTAL: $114,370,000
LIST OF OTHER INCLUDED MANAGERS:
NONE
<PAGE>
<TABLE>
Form 13F-HR
<CAPTION>
..NAME................TITLE OF............. VALUE... SHARES/.SH/..INVSTMT... OTHER......VOTING.AUTH
OF ISSUER..............CLASS.....CUSIP....(x$1000)..PRN AMT..PRN..DSCRETN..MANAGER.....SOLE...SHARED..NONE.
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>....
COMMON STOCK
Allegheny Teledyne Inc COM 017415100 3,311 196,205 SH SOLE NONE 75,900 0 120,305
American Healthcorp COM 02649V104 221 36,140 SH SOLE NONE 14,000 0 25,240
Bancorp South COM 059692103 308 18,168 SH SOLE NONE 7,000 0 11,168
Belo (A.H.) Cl A COM 080555105 5,060 264,600 SH SOLE NONE 102,400 0 162,200
Berkshire Hath Cl`B' COM 084670207 3,588 1,933 SH SOLE NONE 700 0 1,233
Berry Petroleum `A' COM 085789105 7,114 524,514 SH SOLE NONE 202,900 0 321,614
Bristol-Myers COM 110122108 598 8,858 SH SOLE NONE 3,400 0 5,458
Calif Coastal COM 129915104 513 66,232 SH SOLE NONE 25,600 0 40,632
Channell Commercial COM 159186105 232 22,870 SH SOLE NONE 8,800 0 14,070
Chieftain Int'l Inc COM 16867C101 1,066 56,100 SH SOLE NONE 21,700 0 34,400
Coca-Cola Co COM 191216100 1,270 26,331 SH SOLE NONE 10,200 0 16,131
Crawford & Co `A' COM 224633206 259 21,936 SH SOLE NONE 8,500 0 13,436
Crawford & Co `B' COM 224633107 726 50,736 SH SOLE NONE 19,600 0 31,136
Disney (Walt) Co COM 254687106 2,148 82,626 SH SOLE NONE 32,000 0 50,626
Dynegy Inc COM 26816L102 3,674 177,600 SH SOLE NONE 68,700 0 108,900
Exxon Corp COM 302290101 454 5,980 SH SOLE NONE 2,300 0 3,680
Federal Home Loan COM 313400301 3,264 62,771 SH SOLE NONE 24,300 0 38,471
General Electric COM 369604103 1,667 14,060 SH SOLE NONE 5,400 0 8,660
Gillette Co COM 375766102 1,225 36,096 SH SOLE NONE 14,000 0 22,096
Great Lakes Chemicl COM 390568103 442 11,600 SH SOLE NONE 4,500 0 7,100
GTech Holdings COM 400518106 3,374 157,400 SH SOLE NONE 60,900 0 96,500
Hancock Fabrics COM 409900107 280 64,970 SH SOLE NONE 25,100 0 39,870
Hanson Trust ADR COM 411352305 1,240 32,050 SH SOLE NONE 12,400 0 19,650
Harcourt General COM 41163G101 1,999 48,015 SH SOLE NONE 18,600 0 29,415
HCC Ins Hldgs COM 404132102 4,686 278,735 SH SOLE NONE 107,800 0 170,935
Imperial Tobacco PLC COM 453142101 2,121 90,250 SH SOLE NONE 34,900 0 55,350
JLK Direct Dist 'A' COM 46621C105 251 33,500 SH SOLE NONE 13,000 0 20,500
JPS Packaging COM 46623H102 282 66,450 SH SOLE NONE 25,700 0 40,750
LabOne COM 50540L105 5,661 603,788 SH SOLE NONE 200,900 0 402,888
Lee Enterprises COM 523768109 2,425 88,575 SH SOLE NONE 34,300 0 54,275
Leucadia Natl Corp COM 527288104 529 25,200 SH SOLE NONE 9,700 0 15,500
Loews Corp COM 540424108 1,789 25,495 SH SOLE NONE 9,900 0 15,595
McCormick & Co COM 579780206 1,114 33,700 SH SOLE NONE 13,000 0 20,700
Media General COM 584404107 753 14,700 SH SOLE NONE 5,700 0 9,000
Merck & Co COM 589331107 233 3,600 SH SOLE NONE 1,400 0 2,200
Natl Commerce Bancorp COM 635449101 297 13,500 SH SOLE NONE 5,200 0 8,300
Natl Health Realty COM 635905102 516 48,542 SH SOLE NONE 18,800 0 29,742
Natl Healthcare Corp COM 635906100 355 50,685 SH SOLE NONE 19,600 0 31,085
National Presto Ind COM 637215104 317 8,200 SH SOLE NONE 3,200 0 5,000
National Svc Indus COM 637657107 3,107 98,649 SH SOLE NONE 38,200 0 60,449
OPTi Inc COM 683960108 1,927 272,800 SH SOLE NONE 105,500 0 167,300
Philip Morris Cos COM 718154107 3,607 105,495 SH SOLE NONE 40,800 0 64,695
Prison Realty Trst Inc COM 74264N105 11,308 1,051,913 SH SOLE NONE 462,200 0 589,713
Procter & Gamble COM 742718109 830 8,850 SH SOLE NONE 3,400 0 5,450
Response Oncology COM 761232107 410 437,284 SH SOLE NONE 169,200 0 268,084
Ryerson Tull Inc COM 783755101 911 39,406 SH SOLE NONE 15,200 0 24,206
Santa Fe Snyder Crp COM 80218K105 659 73,225 SH SOLE NONE 28,300 0 44,925
Scripps 'A', E W COM 811039106 1,755 35,725 SH SOLE NONE 13,800 0 21,925
Syntroleum Corp COM 871630109 6,451 913,370 SH SOLE NONE 392,600 0 520,770
Tidewater Inc COM 886423102 2,650 103,925 SH SOLE NONE 40,200 0 63,725
Tokio Marine/Fire COM 889090403 523 9,100 SH SOLE NONE 3,500 0 5,600
Trustmark Corp COM 898402102 203 9,000 SH SOLE NONE 3,500 0 5,500
TXU COM 882848104 954 25,560 SH SOLE NONE 9,900 0 15,660
Tyco International COM 902124106 2,859 27,691 SH SOLE NONE 10,700 0 16,991
Union Pacific Resrces COM 907834105 706 43,435 SH SOLE NONE 16,800 0 26,635
UnumProvident Corp COM 91529Y106 724 24,600 SH SOLE NONE 9,500 0 15,100
Vulcan Materials COM 929160109 1,215 33,177 SH SOLE NONE 12,800 0 20,377
Wal-Mart Stores COM 931142103 1,369 28,786 SH SOLE NONE 11,100 0 17,686
Washington Post`B' COM 939640108 701 1,374 SH SOLE NONE 500 0 874
Wesco Financial COM 950817106 813 3,000 SH SOLE NONE 1,200 0 1,800
White Mountain Ins COM 964126106 1,295 9,550 SH SOLE NONE 3,700 0 5,850
CONVERTIBLE PREFERRED STOCKS
Chieftain Intl $1.8125 PFD CV 402033302 1,749 100,400 SH SOLE NONE 38,800 0 61,600
CONVERTIBLE BONDS
Am Rtrmnt 5.75% 10/1/02 CV BD 028913AA9 1,375 1,920,000 PRN SOLE NONE 742,800 0 1,177,200
Pride Ptrl 6.25% 2/15/06 CV BD 741541AA4 907 907,000 PRN SOLE NONE 305,000 0 484,300
GRAND TOTALS 114,370
</TABLE>
