UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: June 30, 1999
Check here if Amendment [x ]; Amendment Number: 5
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 July 28, 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.
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FORM 13F SUMMARY PAGE
REPORT SUMMARY;
NUMBER OF OTHER INCLUDED MANAGERS: NONE
FORM 13F INFORMATION TABLE ENTRY TOTAL: 66
FORM 13F INFORMATION TABLE VALUE TOTAL: $141,821,000
LIST OF OTHER INCLUDED MANAGERS:
NONE
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Form 13F-HR
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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 4,801 212,205 SH SOLE NONE 82,100 0 130,105
American Healthcorp COM 02649V104 342 41,140 SH SOLE NONE 15,900 0 25,240
American Int'l Group COM 026874107 704 6,000 SH SOLE NONE 2,300 0 3,700
Bancorp South COM 059692103 329 18,168 SH SOLE NONE 7,000 0 11,168
Belo (A.H.) Cl A COM 080555105 5,721 290,600 SH SOLE NONE 112,400 0 178,200
Berkshire Hath Cl`B' COM 084670207 3,078 1,374 SH SOLE NONE 500 0 874
Berry Petroleum `A' COM 085789105 8,293 595,014 SH SOLE NONE 230,200 0 364,814
Bristol-Myers COM 110122108 1,469 20,858 SH SOLE NONE 8,100 0 12,758
Calif Coastal COM 129915104 752 107,481 SH SOLE NONE 41,600 0 65,881
Channell Commercial COM 159186105 229 22,870 SH SOLE NONE 8,800 0 14,070
Chieftain Int'l Inc COM 16867C101 982 56,100 SH SOLE NONE 21,700 0 34,400
Coca-Cola Co COM 191216100 1,633 26,331 SH SOLE NONE 10,200 0 16,131
Crawford & Co `A' COM 224633206 397 29,436 SH SOLE NONE 11,400 0 18,036
Crawford & Co `B' COM 224633107 946 58,236 SH SOLE NONE 22,500 0 35,736
Disney (Walt) Co COM 254687106 3,068 99,556 SH SOLE NONE 38,500 0 61,056
Dynegy Inc COM 26816L102 3,998 196,200 SH SOLE NONE 75,900 0 120,300
Exxon Corp COM 302290101 461 5,980 SH SOLE NONE 2,300 0 3,680
Federal Home Loan COM 313400301 4,314 74,371 SH SOLE NONE 28,800 0 45,571
General Electric COM 369604103 1,645 14,560 SH SOLE NONE 5,600 0 8,960
Gillette Co COM 375766102 1,808 44,096 SH SOLE NONE 17,100 0 26,996
Great Lakes Chemicl COM 390568103 649 14,100 SH SOLE NONE 5,500 0 8,600
GTech Holdings COM 400518106 4,239 179,900 SH SOLE NONE 69,600 0 110,300
Hancock Fabrics COM 409900107 302 68,970 SH SOLE NONE 26,700 0 42,270
Hanson Trust ADR COM 411352305 1,422 32,050 SH SOLE NONE 12,400 0 19,650
Harcourt General COM 41163G101 3,064 59,415 SH SOLE NONE 23,000 0 36,415
HCC Ins Hldgs COM 404132102 6,943 306,035 SH SOLE NONE 118,400 0 187,635
Imperial Tobacco PLC COM 453142101 2,154 98,480 SH SOLE NONE 38,100 0 60,380
JLK Direct Dist 'A' COM 46621C105 340 36,500 SH SOLE NONE 14,100 0 22,400
JPS Packaging COM 46623H102 439 96,285 SH SOLE NONE 37,300 0 58,985
Lab Holdings COM 505353102 6,196 446,592 SH SOLE NONE 219,400 0 227,192
Lee Enterprises COM 523768109 3,132 102,675 SH SOLE NONE 39,700 0 62,975
Leucadia Natl Corp COM 527288104 893 35,200 SH SOLE NONE 13,600 0 21,600
Loews Corp COM 540424108 2,176 27,495 SH SOLE NONE 10,600 0 16,895
McCormick & Co COM 579780206 1,064 33,700 SH SOLE NONE 13,000 0 20,700
Media General COM 584404107 893 17,500 SH SOLE NONE 6,800 0 10,700
Merck & Co COM 589331107 265 3,600 SH SOLE NONE 1,400 0 2,200
Nabisco Grp Hldgs COM 62952P102 235 12,000 SH SOLE NONE 4,600 0 7,400
Natl Commerce Bancorp COM 635449101 295 13,500 SH SOLE NONE 5,200 0 8,300
Natl Health Realty COM 635905102 684 61,479 SH SOLE NONE 23,800 0 37,679
Natl Healthcare Corp COM 635906100 492 61,479 SH SOLE NONE 23,800 0 37,679
National Presto Ind COM 637215104 352 9,200 SH SOLE NONE 3,600 0 5,600
National Svc Indus COM 637657107 4,253 118,149 SH SOLE NONE 45,700 0 72,449
OPTi Inc COM 683960108 2,422 398,540 SH SOLE NONE 189,800 0 208,740
Philip Morris Cos COM 718154107 4,738 117,895 SH SOLE NONE 45,600 0 72,295
Prison Realty Trst Inc COM 74264N105 11,402 1,161,950 SH SOLE NONE 504,700 0 657,250
Procter & Gamble COM 742718109 790 8,850 SH SOLE NONE 3,400 0 5,450
Raychem Corp COM 754603108 2,658 71,846 SH SOLE NONE 27,800 0 44,046
Response Oncology COM 761232107 1,469 500,084 SH SOLE NONE 193,500 0 306,584
Ryerson Tull Inc COM 783755101 1,029 45,628 SH SOLE NONE 17,700 0 27,928
Santa Fe Snyder Crp COM 80218K105 959 119,925 SH SOLE NONE 46,400 0 73,525
Scripps 'A', E W COM 811039106 1,961 41,225 SH SOLE NONE 15,900 0 25,325
Syntroleum Corp COM 871630109 9,000 1,007,020 SH SOLE NONE 428,900 0 578,120
Tidewater Inc COM 886423102 3,786 124,125 SH SOLE NONE 48,000 0 76,125
Tokio Marine/Fire COM 889090403 511 9,100 SH SOLE NONE 3,500 0 5,600
Trustmark Corp COM 898402102 206 9,000 SH SOLE NONE 3,500 0 5,500
TXU COM 882848104 1,059 25,560 SH SOLE NONE 9,900 0 15,660
Union Pacific Resrces COM 907834105 741 45,435 SH SOLE NONE 17,600 0 27,835
UnumProvident Corp COM 91529Y106 1,347 24,600 SH SOLE NONE 9,500 0 15,100
Vulcan Materials COM 929160109 1,601 33,177 SH SOLE NONE 12,800 0 20,377
Wal-Mart Stores COM 931142103 1,611 33,386 SH SOLE NONE 12,900 0 20,486
Washington Post`B' COM 939640108 739 1,374 SH SOLE NONE 500 0 874
Wesco Financial COM 950817106 930 3,000 SH SOLE NONE 1,200 0 1,800
White Mountain Ins COM 964126106 1,770 12,550 SH SOLE NONE 4,900 0 7,650
CONVERTIBLE PREFERRED STOCKS
Chieftain Intl $1.8125 PFD CV 402033302 2,623 100,400 SH SOLE NONE 38,800 0 61,600
CONVERTIBLE BONDS
Am Rtrmnt 5.75% 10/1/02 CV BD 028913AA9 1,931 2,545,000 PRN SOLE NONE 984,700 0 1,560,300
Pride Ptrl 6.25% 2/15/06 CV BD 741541AA4 1,086 1,070,000 PRN SOLE NONE 414,000 0 656,000
GRAND TOTALS 141,821
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