UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: 3/31/99
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: North Carolina Trust
ADDRESS: 301 North Elm St
PO Box 1108
Greensboro, NC 27401
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: Charlene Y. Martin
TITLE: Director of Trust Accounting
PHONE: (336)271-6150
SIGNATURE,PLACE,AND DATE OF SIGNING:
Charlene Y. Martin Greensboro, NC 3/31/99
REPORT TYPE (CHECK ONLY ONE.):
( X) 13F HOLDINGS REPORT
( ) 13F NOTICE
( ) 13F 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: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 200
FORM 13F INFORMATION TABLE VALUE TOTAL: $742,606,079
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COMMON STOCK 002824100 8661 185017 SH SOLE 184917 0 100
ABBOTT LABS COMMON STOCK 002824100 28 600 SH OTHER 600 0 0
AEGON N V COMMON STOCK 007924103 744 8281 SH SOLE 8281 0 0
AEROQUIP VICKERS, INC COMMON STOCK 007869100 1574 27465 SH SOLE 27465 0 0
AIRTOUCH COMMUNICATIONS, INC. COMMON STOCK 00949T100 209 2165 SH SOLE 2165 0 0
ALBEMARLE CORP COMMON STOCK 012653101 257 12282 SH SOLE 1075 0 11207
ALLEGHENY TELEDYNE CORP COMMON STOCK 017415100 431 22771 SH SOLE 22771 0 0
ALLTEL CORP COMMON STOCK 020039103 556 8921 SH SOLE 8921 0 0
ALLTEL CORP COMMON STOCK 020039103 1 24 SH OTHER 24 0 0
AMERICAN EXPRESS COMMON STOCK 025816109 9666 82085 SH SOLE 82035 0 50
AMERICAN HOME PRODUCTS CORP. COMMON STOCK 026609107 1449 22206 SH SOLE 21406 0 800
AMERICAN INTERNATIONAL GROUP COMMON STOCK 026874107 13137 108907 SH SOLE 108857 0 50
AMERICAN STORES CO COMMON STOCK 030096101 244 7400 SH SOLE 6800 0 600
AMERITECH CORP COMMON STOCK 030954101 12807 222249 SH SOLE 218546 0 3703
ANHEUSER-BUSCH COMPANIES COMMON STOCK 035229103 10541 138470 SH SOLE 138395 0 75
ARMSTRONG WORLD IND. INC. COMMON STOCK 042476101 848 18769 SH SOLE 18769 0 0
AT & T CORP LIBERTY MEDIA GROU COMMON STOCK 001957208 6457 122781 SH SOLE 122781 0 0
AT&T CORP COMMON STOCK 001957109 26511 332161 SH SOLE 330093 0 2068
AT&T CORP COMMON STOCK 001957109 28 350 SH OTHER 0 0 350
ATLANTIC RICHFIELD CORP. COMMON STOCK 048825103 212 2900 SH SOLE 2700 0 200
AUTOMATIC DATA PROCESS COM COMMON STOCK 053015103 348 8400 SH SOLE 8400 0 0
BANC ONE CORP (NEW) COMMON STOCK 06423A103 8934 162253 SH SOLE 162153 0 100
BANKAMERICA CORPORATION (NEW) COMMON STOCK 06605F102 13402 189758 SH SOLE 186791 0 2967
BANKAMERICA CORPORATION (NEW) COMMON STOCK 06605F102 2155 30518 SH OTHER 2695 0 27823
BAXTER INTERNATIONAL INC COMMON STOCK 071813109 6493 98379 SH SOLE 98329 0 50
BB&T CORP COMMON STOCK 054937107 3704 102344 SH SOLE 102344 0 0
BELL ATLANTIC CORPORATION COMMON STOCK 077853109 8957 173301 SH SOLE 172313 0 988
BELLSOUTH CORPORATION COMMON STOCK 079860102 1936 48328 SH SOLE 43828 0 4500
BELLSOUTH CORPORATION COMMON STOCK 079860102 70 1758 SH OTHER 558 0 1200
BEMIS COMPANY COMMON STOCK 081437105 809 26050 SH SOLE 26050 0 0
BERGEN BRUNSWIG COMMON STOCK 083739102 5786 289309 SH SOLE 289209 0 100
BERKSHIRE HATHAWAY INC CL A COMMON STOCK 084670108 357 5 SH SOLE 2 0 3
BESTFOODS COMMON STOCK 08658U101 7308 155499 SH SOLE 155349 0 150
BLOCK (H. & R.) INC. COMMON STOCK 093671105 10023 211573 SH SOLE 211473 0 100
BRISTOL MYERS SQUIBB COMPANY COMMON STOCK 110122108 10550 164530 SH SOLE 158660 0 5870
BURLINGTON INDUSTRIES INC NEW COMMON STOCK 121693105 1188 179382 SH SOLE 179382 0 0
CARAUSTAR INDS INC COMMON STOCK 140909102 20800 904349 SH SOLE 904349 0 0
CARNIVAL CORP CLASS A COMMON STOCK 143658102 243 5000 SH SOLE 5000 0 0
CAROLINA POWER & LIGHT COMMON STOCK 144141108 1090 28829 SH SOLE 28393 0 436
CCB FINANCIAL COMMON STOCK 124875105 4607 85210 SH SOLE 85210 0 0
CENTURA BANKS INC COMMON STOCK 15640T100 638 10970 SH SOLE 10970 0 0
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 7077 86970 SH SOLE 86920 0 50
CHASE MANHATTAN CORP NEW COMMON STOCK 16161A108 47 572 SH OTHER 572 0 0
CHEVRON CORPORATION COMMON STOCK 166751107 6240 70313 SH SOLE 69463 0 850
CINCINNATI BELL, INC. COMMON STOCK 171870108 168 7473 SH SOLE 7473 0 0
CINCINNATI BELL, INC. COMMON STOCK 171870108 39 1758 SH OTHER 0 0 1758
CISCO SYS INC COMMON STOCK 17275R102 10440 95285 SH SOLE 95235 0 50
CITIGROUP INC. COMMON STOCK 172967101 8909 139481 SH SOLE 139406 0 75
CITIGROUP INC. COMMON STOCK 172967101 16 250 SH OTHER 250 0 0
COASTAL CORP COMMON STOCK 190441105 8979 272079 SH SOLE 261879 0 10200
COCA COLA COMPANY COMMON STOCK 191216100 2730 44480 SH SOLE 44480 0 0
COLGATE-PALMOLIVE COMPANY COMMON STOCK 194162103 627 6815 SH SOLE 6815 0 0
COLTEC INDS INC COMMON STOCK 196879100 435 23944 SH SOLE 23944 0 0
COMPAQ COMPUTER CORP COMMON STOCK 204493100 7560 238592 SH SOLE 238442 0 150
DANA CORP COMMON STOCK 235811106 274 7209 SH SOLE 7209 0 0
DELUXE CORP COMMON STOCK 248019101 7066 242593 SH SOLE 242493 0 100
DIMON INC COMMON STOCK 254394109 1474 386696 SH SOLE 386696 0 0
DOLE FOOD CO. COMMON STOCK 256605106 6986 232870 SH SOLE 232770 0 100
DOMINION RESOURCES INC. COMMON STOCK 257470104 366 9905 SH SOLE 9305 0 600
DOVER CORPORATION COMMON STOCK 260003108 9219 280412 SH SOLE 280312 0 100
DU PONT (E.I.) DE NEMOURS & CO COMMON STOCK 263534109 5997 103288 SH SOLE 103213 0 75
DUKE ENERGY CORPORATION COMMON STOCK 264399106 10192 185945 SH SOLE 183955 0 1990
DUKE ENERGY CORPORATION COMMON STOCK 264399106 59 1068 SH OTHER 0 0 1068
EASTMAN KODAK COMMON STOCK 277461109 279 4370 SH SOLE 4295 0 75
EMERSON ELEC CO COMMON STOCK 291011104 417 7886 SH SOLE 7886 0 0
ENRON CORP COMMON STOCK 293561106 279 4350 SH SOLE 4350 0 0
ENRON CORP COMMON STOCK 293561106 51 800 SH OTHER 0 0 800
ETHYL CORPORATION COMMON STOCK 297659104 137 32169 SH SOLE 2000 0 30169
EXXON CORPORATION COMMON STOCK 302290101 12592 178457 SH SOLE 160445 0 18012
FDX CORP COMMON STOCK 31304N107 214 2300 SH SOLE 2300 0 0
FEDERAL NATL MTG ASSN COMMON STOCK 313586109 16811 242753 SH SOLE 240728 0 2025
FEDERATED DEPT STORES COMMON STOCK 31410H101 8185 203992 SH SOLE 203892 0 100
FIRST DATA CORP COMMON STOCK 319963104 11835 276840 SH SOLE 276740 0 100
FIRST UNION CORPORATION COMMON STOCK 337358105 16160 302402 SH SOLE 298702 0 3700
FIRST UNION CORPORATION COMMON STOCK 337358105 11 200 SH OTHER 0 0 200
FLOWER INDS INC COMMON STOCK 343496105 3029 123010 SH SOLE 123010 0 0
FOOD LION, INC-CLASS A COMMON STOCK 344775200 1312 142542 SH SOLE 142542 0 0
FOOD LION, INC-CLASS B COMMON STOCK 344775101 437 48500 SH SOLE 48500 0 0
FORD MOTOR COMPANY COMMON STOCK 345370100 621 10951 SH SOLE 10951 0 0
FORT JAMES CORP COMMON STOCK 347471104 359 11330 SH SOLE 2250 0 9080
FORTUNE BRANDS COMMON STOCK 349631101 320 8304 SH SOLE 8304 0 0
FPL GROUP, INC COMMON STOCK 302571104 10615 199351 SH SOLE 196776 0 2575
GENERAL ELECTRIC COMPANY COMMON STOCK 369604103 4794 43339 SH SOLE 36378 0 6961
GENERAL ELECTRIC COMPANY COMMON STOCK 369604103 100 900 SH OTHER 0 0 900
GILLETTE COMPANY COMMON STOCK 375766102 671 11290 SH SOLE 11290 0 0
GTE CORPORATION COMMON STOCK 362320103 5748 95012 SH SOLE 91672 0 3340
GUILFORD MILLS, INC. COMMON STOCK 401794102 15203 1737470 SH SOLE 1302860 0 434610
HALLIBURTON COMPANY COMMON STOCK 406216101 445 11563 SH SOLE 11563 0 0
HARRIS CORP COMMON STOCK 413875105 6638 231890 SH SOLE 228340 0 3550
HARRIS CORP COMMON STOCK 413875105 6 200 SH OTHER 0 0 200
HEALTHSOUTH CORP COMMON STOCK 421924101 5527 532730 SH SOLE 532480 0 250
HEINZ (H.J.) COMPANY COMMON STOCK 423074103 228 4815 SH SOLE 4815 0 0
HEWLETT PACKARD COMMON STOCK 428236103 437 6440 SH SOLE 6440 0 0
HOME DEPOT COMMON STOCK 437076102 311 4988 SH SOLE 4988 0 0
HUNTINGTON BANCSHARES INC COMMON STOCK 446150104 357 11550 SH SOLE 11550 0 0
ILLINOIS TOOL WKS INC COMMON STOCK 452308109 9906 160103 SH SOLE 160028 0 75
INTEL CORP COMMON STOCK 458140100 8364 70360 SH SOLE 70310 0 50
INTERNAT'L BUSINESS MACHINES C COMMON STOCK 459200101 1620 9140 SH SOLE 5740 0 3400
INTERNAT'L BUSINESS MACHINES C COMMON STOCK 459200101 53 300 SH OTHER 300 0 0
JDN RLTY CORP COMMON STOCK 465917102 3763 189348 SH SOLE 188748 0 600
JEFFERSON-PILOT CORPORATION COMMON STOCK 475070108 6954 102640 SH SOLE 96421 0 6219
JOHNSON & JOHNSON COMPANY COMMON STOCK 478160104 9821 105038 SH SOLE 104788 0 250
KIMBERLY CLARK CORP COMMON STOCK 494368103 9196 191842 SH SOLE 191742 0 100
LABORATORY CORP AMER HOLDINGS COMMON STOCK 50540R102 171 97500 SH SOLE 97500 0 0
LG & E ENERGY CORP COMMON STOCK 501917108 218 10462 SH SOLE 10462 0 0
LILLY (ELI) & COMPANY COMMON STOCK 532457108 1041 12270 SH SOLE 12270 0 0
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 1174 10867 SH SOLE 10867 0 0
LUCENT TECHNOLOGIES INC COMMON STOCK 549463107 33 302 SH OTHER 302 0 0
MARTIN MARIETTA MATLS INC COMMON STOCK 573284106 821 14379 SH SOLE 14379 0 0
MCDONALDS CORP COMMON STOCK 580135101 920 20300 SH SOLE 19700 0 600
MCDONALDS CORP COMMON STOCK 580135101 9 200 SH OTHER 0 0 200
MCI WORLDCOM INC COMMON STOCK 55268B106 9290 104896 SH SOLE 104846 0 50
MEDIAONE GROUP INC. COMMON STOCK 58440J104 738 11633 SH SOLE 11633 0 0
MERCK & CO. INC. COMMON STOCK 589331107 3986 49750 SH SOLE 49750 0 0
MERCK & CO. INC. COMMON STOCK 589331107 43 542 SH OTHER 0 0 542
MICROSOFT CORP. COMMON STOCK 594918104 618 6890 SH SOLE 6890 0 0
MINNESOTA MINING MANUFACTURING COMMON STOCK 604059105 330 4667 SH SOLE 4317 0 350
MOBIL CORP COMMON STOCK 607059102 16539 187938 SH SOLE 185463 0 2475
MOBIL CORP COMMON STOCK 607059102 111 1266 SH OTHER 0 0 1266
MODIS PROFESSIONAL SERVICES COMMON STOCK 607830106 4727 521560 SH SOLE 521360 0 200
MOTOROLA CORP COMMON STOCK 620076109 205 2804 SH SOLE 2804 0 0
MYLAN LABS INC COMMON STOCK 628530107 6989 254722 SH SOLE 254622 0 100
MYLAN LABS INC COMMON STOCK 628530107 14 500 SH OTHER 500 0 0
NATIONAL CITY CORP COMMON STOCK 635405103 9935 149674 SH SOLE 147999 0 1675
NL INDS INC COMMON STOCK 629156407 97 10802 SH SOLE 10802 0 0
NORFOLK SOUTHERN COMMON STOCK 655844108 514 19492 SH SOLE 18892 0 600
PACIFIC CAPITAL BANCORP, INC. COMMON STOCK 69404P101 205 8892 SH SOLE 8892 0 0
PENNY J C COMMON STOCK 708160106 307 7580 SH SOLE 7580 0 0
PEPSICO COMMON STOCK 713448108 8932 227919 SH SOLE 227769 0 150
PERSONNEL GROUP AMER INC COMMON STOCK 715338109 140 19500 SH SOLE 19500 0 0
PFIZER INC COMMON STOCK 717081103 1979 14266 SH SOLE 13466 0 800
PHILIP MORRIS COS INC COMMON STOCK 718154107 1626 46200 SH SOLE 43350 0 2850
PHILIP MORRIS COS INC COMMON STOCK 718154107 5 150 SH OTHER 0 0 150
PINNACLE WEST CORP COMMON STOCK 723484101 642 17660 SH SOLE 17660 0 0
PPG INDUSTRIES COMMON STOCK 693506107 584 11392 SH SOLE 10992 0 400
PRAXAIR INC COMMON STOCK 74005P104 10006 277450 SH SOLE 276950 0 500
PROCTER & GAMBLE COMPANY COMMON STOCK 742718109 855 8729 SH SOLE 6929 0 1800
PROCTER & GAMBLE COMPANY COMMON STOCK 742718109 10 100 SH OTHER 0 0 100
PROVIDENT COMPANIES COMMON STOCK 743862104 8329 240984 SH SOLE 240884 0 100
PROVIDIAN FINL CORP COMMON STOCK 74406A102 1731 15734 SH SOLE 15734 0 0
REGIONS FINL CORP COMMON STOCK 758940100 635 18326 SH SOLE 18326 0 0
RELIANT ENERGY INC COMMON STOCK 75952J108 6595 253041 SH SOLE 252941 0 100
RFS HOTEL INVESTORS COMMON STOCK 74955J108 198 17150 SH SOLE 17150 0 0
SBC COMMUNICATIONS INC. COMMON STOCK 78387G103 1526 32330 SH SOLE 30598 0 1732
SBC COMMUNICATIONS INC. COMMON STOCK 78387G103 55 1176 SH OTHER 176 0 1000
SCHERING-PLOUGH CORP COMMON STOCK 806605101 1330 24065 SH SOLE 24065 0 0
SCHLUMBERGER LTD. COMMON STOCK 806857108 7541 125286 SH SOLE 125211 0 75
SCHLUMBERGER LTD. COMMON STOCK 806857108 30 500 SH OTHER 0 0 500
SEARS ROEBUCK & COMPANY COMMON STOCK 812387108 8380 185444 SH SOLE 183494 0 1950
SONOCO PRODUCTS COMMON STOCK 835495102 636 27667 SH SOLE 6044 21623 0
SOUTH STR FINL CORP COMMON STOCK 840468102 92 12000 SH SOLE 12000 0 0
SOUTHERN COMPANY COMMON STOCK 842587107 6412 275025 SH SOLE 274925 0 100
SOUTHWEST AIRLINES COMMON STOCK 844741108 345 11397 SH SOLE 11397 0 0
SPRINT CORP COMMON STOCK 852061100 3161 32218 SH SOLE 28423 0 3795
SPRINT CORP COMMON STOCK 852061100 20 200 SH OTHER 0 0 200
SPRINT CORP PCS COMMON STOCK 852061506 617 13920 SH SOLE 13920 0 0
SPRINT CORP PCS COMMON STOCK 852061506 4 100 SH OTHER 100 0 0
STEELCASE INC COMMON STOCK 858155203 289 19000 SH SOLE 19000 0 0
SUMMIT PPTYS INC COMMON STOCK 866239106 834 50000 SH SOLE 50000 0 0
SUN MICROSYSTEMS COMMON STOCK 866810104 9931 79412 SH SOLE 79362 0 50
SUNTRUST BANKS COMMON STOCK 867914103 903 14507 SH SOLE 14507 0 0
SYSCO CORP COMMON STOCK 871829107 242 9200 SH SOLE 9200 0 0
TCI SATELLITE ENTMT INC COMMON STOCK 872298104 19 29448 SH SOLE 29448 0 0
TELLABS INC COMMON STOCK 879664100 293 3002 SH SOLE 3002 0 0
TEXACO, INC. COMMON STOCK 881694103 381 6719 SH SOLE 5919 0 800
TIME WARNER INC COMMON STOCK 887315109 6498 91770 SH SOLE 91720 0 50
TIME WARNER INC COMMON STOCK 887315109 14 200 SH OTHER 0 0 200
TJX COMPANIES INC COMMON STOCK 872540109 11326 333115 SH SOLE 333015 0 100
TRAVELERS PROPERTY & CASUALTY COMMON STOCK 893939108 7023 196454 SH SOLE 196354 0 100
TREDEGAR INDS INC COMMON STOCK 894650100 761 24614 SH SOLE 2700 0 21914
TRIANGLE BANCORP INC. COMMON STOCK 895835106 2232 133763 SH SOLE 114179 0 19584
TRIANGLE PHARMACEUTICALS INC COMMON STOCK 89589H104 428 40000 SH SOLE 40000 0 0
TULTEX CORP COMMON STOCK 899900104 8 13000 SH SOLE 13000 0 0
UNIFI, INC. COMMON STOCK 904677101 3879 304206 SH SOLE 304206 0 0
UNITED HEALTHCARE COMMON STOCK 910581107 327 6215 SH SOLE 6215 0 0
UNITED TECHNOLOGIES CORPORATIO COMMON STOCK 913017109 1112 8207 SH SOLE 6407 0 1800
UNITRIN INC COMMON STOCK 913275103 733 23460 SH SOLE 23460 0 0
UNOCAL CORP COMMON STOCK 915289102 7856 213042 SH SOLE 212942 0 100
USX-MARATHON GROUP COMMON STOCK 902905827 358 13000 SH SOLE 13000 0 0
V.F. CORPORATION COMMON STOCK 918204108 9318 196166 SH SOLE 194616 0 1550
V.F. CORPORATION COMMON STOCK 918204108 5 100 SH OTHER 0 0 100
VALSPAR CORP COMMON STOCK 920355104 1452 46002 SH SOLE 46002 0 0
VANGUARD CELLULAR COMMON STOCK 922022108 33882 1240514 SH SOLE 1240514 0 0
WACHOVIA CORPORATION COMMON STOCK 929771103 3776 46508 SH SOLE 46508 0 0
WAL-MART COMMON STOCK 931142103 1234 13386 SH SOLE 13386 0 0
WALT DISNEY COMMON STOCK 254687106 451 14481 SH SOLE 14481 0 0
WARNER-LAMBERT COMMON STOCK 934488107 285 4306 SH SOLE 4306 0 0
WASTE MANAGEMENT INC. COMMON STOCK 94106L109 11876 267637 SH SOLE 267487 0 150
WASTE MANAGEMENT INC. COMMON STOCK 94106L109 16 362 SH OTHER 362 0 0
WILLIAMS COMPANIES COMMON STOCK 969457100 4336 109763 SH SOLE 109763 0 0
XEROX CORPORATION COMMON STOCK 984121103 11067 212309 SH SOLE 207359 0 4950
XEROX CORPORATION COMMON STOCK 984121103 42 800 SH OTHER 0 0 800
ADR BP AMOCO PLC ADR COMMON STOCK 055622104 961 9510 SH SOLE 9510 0 0
ADR BP AMOCO PLC ADR COMMON STOCK 055622104 107 1059 SH OTHER 1059 0 0
CINAR FILMS, INC. COMMON STOCK 171905300 1214 52800 SH SOLE 52800 0 0
ROYAL DUTCH PETROLEUM CO COMMON STOCK 780257804 2608 50151 SH SOLE 48651 0 1500
ROYAL DUTCH PETROLEUM CO COMMON STOCK 780257804 10 200 SH OTHER 0 0 200
NUVEEN INSD FLA PREM INCOME MU OTHER 67101V108 222 14516 SH SOLE N.A. N.A. N.A.
NUVEEN MUNI VALUE FUND INC OTHER 670928100 253 25652 SH SOLE N.A. N.A. N.A.
HANCOCK JOHN BK & THRIFT OPPOR OTHER 409735107 128 14000 SH SOLE N.A. N.A. N.A.
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