UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 1999
Check here if Amendment [x ]; Amendment Number: 4
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 April 26, 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: 67
FORM 13F INFORMATION TABLE VALUE TOTAL: $150,428,000
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 4,275 225,735 SH SOLE NONE 87,300 0 138,435
American Healthcorp COM 02649V104 367 48,140 SH SOLE NONE 18,600 0 29,540
American Int'l Group COM 026874107 724 6,000 SH SOLE NONE 2,300 0 3,700
Bancorp South COM 059692103 291 18,168 SH SOLE NONE 7,000 0 11,168
Belo (A.H.) Cl A COM 080555105 5,731 314,000 SH SOLE NONE 121,500 0 192,500
Berkshire Hath Cl`B' COM 084670207 3,280 1,395 SH SOLE NONE 500 0 895
Berry Petroleum `A' COM 085789105 7,328 666,208 SH SOLE NONE 257,800 0 408,408
Bristol-Myers COM 110122108 1,338 20,858 SH SOLE NONE 8,100 0 12,758
Calif Coastal COM 129915104 727 111,789 SH SOLE NONE 43,300 0 68,489
Channell Commercial COM 159186105 210 23,870 SH SOLE NONE 9,200 0 14,670
Chieftain Int'l Inc COM 16867C101 718 58,600 SH SOLE NONE 22,700 0 35,900
Coca-Cola Co COM 191216100 1,913 31,175 SH SOLE NONE 12,100 0 19,075
Crawford & Co `A' COM 224633206 300 29,436 SH SOLE NONE 11,400 0 18,036
Crawford & Co `B' COM 224633107 666 63,786 SH SOLE NONE 24,700 0 39,086
Disney (Walt) Co COM 254687106 3,514 112,911 SH SOLE NONE 43,700 0 69,211
Dynegy Inc COM 26816L102 2,901 206,300 SH SOLE NONE 79,800 0 126,500
Exxon Corp COM 302290101 478 6,780 SH SOLE NONE 2,600 0 4,180
Federal Home Loan COM 313400301 4,904 85,571 SH SOLE NONE 33,100 0 52,471
Fund American Cos COM 360768105 1,683 12,650 SH SOLE NONE 4,900 0 7,750
General Electric COM 369604103 2,048 18,510 SH SOLE NONE 7,200 0 11,310
Gillette Co COM 375766102 2,954 49,696 SH SOLE NONE 19,200 0 30,496
Great Lakes Chemicl COM 390568103 614 16,700 SH SOLE NONE 6,500 0 10,200
GTech Holdings COM 400518106 4,607 189,000 SH SOLE NONE 73,100 0 115,900
Hancock Fabrics COM 409900107 461 73,070 SH SOLE NONE 28,300 0 44,770
Hanson Trust ADR COM 411352305 1,410 32,050 SH SOLE NONE 12,400 0 19,650
Harcourt General COM 41163G101 2,300 51,915 SH SOLE NONE 20,100 0 31,815
HCC Ins Hldgs COM 404132102 6,391 332,010 SH SOLE NONE 128,500 0 203,510
Imperial Tobacco PLC COM 453142101 2,166 106,980 SH SOLE NONE 41,400 0 65,580
JLK Direct Dist 'A' COM 46621C105 342 36,500 SH SOLE NONE 14,100 0 22,400
JPS Packaging COM 46623H102 433 99,035 SH SOLE NONE 38,300 0 60,735
Lab Holdings COM 505353102 7,717 464,192 SH SOLE NONE 226,190 0 238,002
Lee Enterprises COM 523768109 2,992 103,175 SH SOLE NONE 39,900 0 63,275
Leucadia Natl Corp COM 527288104 1,065 35,200 SH SOLE NONE 13,600 0 21,600
Loews Corp COM 540424108 2,201 29,495 SH SOLE NONE 11,400 0 18,095
McCormick & Co COM 579780206 1,093 37,700 SH SOLE NONE 14,600 0 23,100
Media General COM 584404107 795 17,100 SH SOLE NONE 6,600 0 10,500
Merck & Co COM 589331107 288 3,600 SH SOLE NONE 1,400 0 2,200
Minorco ADR COM 604340307 950 55,900 SH SOLE NONE 21,600 0 34,300
Natl Commerce Bancorp COM 635449101 308 13,500 SH SOLE NONE 5,200 0 8,300
Natl Health Realty COM 635905102 890 80,878 SH SOLE NONE 31,300 0 49,578
Natl Healthcare Corp COM 635906100 657 80,878 SH SOLE NONE 31,300 0 49,578
National Presto Ind COM 637215104 361 10,200 SH SOLE NONE 3,900 0 6,300
National Svc Indus COM 637657107 4,658 136,749 SH SOLE NONE 52,900 0 83,849
OPTi Inc COM 683960108 2,736 481,040 SH SOLE NONE 308,120 0 172,920
Philip Morris Cos COM 718154107 4,557 129,515 SH SOLE NONE 50,100 0 79,415
Prison Realty Trst Inc COM 74264N105 20,721 1,188,292 SH SOLE NONE 536,300 0 651,992
Procter & Gamble COM 742718109 1,014 10,350 SH SOLE NONE 4,000 0 6,350
Raychem Corp COM 754603108 1,648 73,046 SH SOLE NONE 28,300 0 44,746
Response Oncology COM 761232107 1,547 515,584 SH SOLE NONE 199,500 0 316,084
RJR Nabisco Holdings COM 74960K108 300 12,000 SH SOLE NONE 4,600 0 7,400
Ryerson Tull Inc COM 783755101 693 47,153 SH SOLE NONE 18,200 0 28,953
Scripps 'A', E W COM 811039106 2,234 50,475 SH SOLE NONE 19,500 0 30,975
Snyder Oil Corp COM 833482102 892 60,200 SH SOLE NONE 23,300 0 36,900
Syntroleum Corp COM 871630109 6,581 1,074,520 SH SOLE NONE 454,900 0 619,620
Texas Utilities COM 882848104 1,074 25,560 SH SOLE NONE 9,900 0 15,660
Tidewater Inc COM 886423102 3,670 141,825 SH SOLE NONE 54,900 0 86,925
Tokio Marine/Fire COM 889090403 511 9,100 SH SOLE NONE 3,500 0 5,600
Union Pacific Resrces COM 907834105 566 47,635 SH SOLE NONE 18,400 0 29,235
UNUM Corp COM 903192102 1,265 26,598 SH SOLE NONE 10,300 0 16,298
Vulcan Materials COM 929160109 1,680 40,677 SH SOLE NONE 15,700 0 24,977
Wal-Mart Stores COM 931142103 1,746 18,943 SH SOLE NONE 7,300 0 11,643
Washington Post`B' COM 939640108 717 1,374 SH SOLE NONE 500 0 874
Wesco Financial COM 950817106 1,014 3,000 SH SOLE NONE 1,200 0 1,800
CONVERTIBLE PREFERRED STOCKS
Chieftain Intl $1.8125 PFD CV 402033302 2,632 110,800 SH SOLE NONE 42,900 0 67,900
CONVERTIBLE BONDS
Am Rtrmnt 5.75% 10/1/02 CV BD 028913AA9 2,402 2,920,000 PRN SOLE NONE 1,129,700 0 1,790,300
J Alxndrs Cp 8.25% 6/1/03CV BD 466096AA2 10 10,000 PRN SOLE NONE 3,900 0 6,100
Pride Ptrl 6.25% 2/15/06 CV BD 741541AA4 1,170 1,270,000 PRN SOLE NONE 491,400 0 778,600
GRAND TOTALS 150,428
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