UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/99
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: J. MICHAEL POLLOCK
Address: BRANCH BANKING AND TRUST OF NC
223 WEST NASH STREET
WILSON, NC 27894
13F File Number:
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: J. MICHAEL POLLOCK
Title: SENIOR VICE PRESIDENT
Phone: (252) 246-4316
Signature, Place, and Date of Signing:
J. MICHAEL POLLOCK WILSON, NC AUGUST 02, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 422
Form 13F Information Table Entry Total: $741,934
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- --- --- --- ---- ------- ------------- ------- --------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AFLAC INC COM 001055102 542 11700 SH SOLE 11700
AFLAC INC COM 001055102 52 1124 SH DEFINED 1124
AT&T CORPORATION COM 001957109 8968 172058 SH SOLE 170852 1206
AT&T CORPORATION COM 001957109 802 15400 SH DEFINED 15400
ABBOTT LABORATORIES COM 002824100 5748 133880 SH SOLE 133880
ABBOTT LABORATORIES COM 002824100 291 6800 SH DEFINED 5800 1000
ADOBE SYSTEM INC COM 00724F101 7503 87510 SH SOLE 87510
AEGON N V ORD COM 007924103 428 5625 SH SOLE 5625
AEGON N V ORD COM 007924103 290 3815 SH DEFINED 3815
AETNA INC COM 008117103 2785 33971 SH SOLE 33971
AETNA INC COM 008117103 63 775 SH DEFINED 775
AIR PRODUCTS AND CHEMICALS INC COM 009158106 2437 72885 SH SOLE 72885
AIR PRODUCTS AND CHEMICALS INC COM 009158106 153 4600 SH DEFINED 4600
ALBERTSON'S INC. COM 013104104 4443 89321 SH SOLE 89321
ALBERTSON'S INC. COM 013104104 62 1260 SH DEFINED 1260
ALCOA INC COM 013817101 452 7560 SH SOLE 7560
ALEXANDER BALDWIN COM 014482103 505 20000 SH SOLE 20000
ALLIED - SIGNAL INC COM 019512102 830 12842 SH SOLE 12842
ALLSTATE CORP COM 020002101 2503 70270 SH SOLE 70270
ALLTEL CORPORATION COM 020039103 1222 17024 SH SOLE 17024
ALLTEL CORPORATION COM 020039103 90 1261 SH DEFINED 1261
AMERICAN EXPRESS COMPANY COM 025816109 1269 9639 SH SOLE 9639
AMERICAN GENERAL CORPORATION COM 026351106 5940 76769 SH SOLE 76769
AMERICAN GENERAL CORPORATION COM 026351106 549 7100 SH DEFINED 7100
AMERICAN GREETINGS CORPORATION COM 026375105 436 14850 SH SOLE 14850
AMERICAN GREETINGS CORPORATION COM 026375105 56 1920 SH DEFINED 1920
AMERICAN HOME PRODUCTS CORP. COM 026609107 4126 80906 SH SOLE 80906
AMERICAN HOME PRODUCTS CORP. COM 026609107 1003 19675 SH DEFINED 19675
AMERICAN INTERNATIONAL GROUP I COM 026874107 1295 11157 SH SOLE 11157
AMERICAN INTERNATIONAL GROUP I COM 026874107 52 450 SH DEFINED 450
AMERITECH CORPORATION COM 030954101 1268 17492 SH SOLE 17492
AMERITECH CORPORATION COM 030954101 234 3234 SH DEFINED 3234
ANHEUSER BUSCH COMPANY INC COM 035229103 7961 100852 SH SOLE 100852
ANHEUSER BUSCH COMPANY INC COM 035229103 363 4600 SH DEFINED 4600
AON CORPORATION COM 037389103 484 12935 SH SOLE 12935
AON CORPORATION COM 037389103 33 900 SH DEFINED 900
ARVIN INDUSTRIES INC COM 043339100 255 6825 SH SOLE 6825
ASHLAND INC COM 044204105 2912 76655 SH SOLE 76655
ASHLAND INC COM 044204105 63 1672 SH DEFINED 1672
ASSOCIATES FIRST CAPITAL "A" COM 046008108 603 15748 SH SOLE 15448 300
ASSOCIATES FIRST CAPITAL "A" COM 046008108 40 1054 SH DEFINED 454 600
ATLANTIC RICHFIELD COMPANY COM 048825103 1007 11195 SH SOLE 11195
AUTOMATIC DATA PROCESSING COM 053015103 412 10300 SH SOLE 10300
AUTOMATIC DATA PROCESSING COM 053015103 32 800 SH DEFINED 800
AVISTA CORP DEP SH REPSTG 1/10 COM 05379B503 170 10200 SH SOLE 10200
AVNET INC COM 053807103 4087 83420 SH SOLE 83420
AVNET INC COM 053807103 210 4300 SH DEFINED 4300
AVON PRODUCTS INC COM 054303102 1278 28100 SH SOLE 28100
AVON PRODUCTS INC COM 054303102 136 3000 SH DEFINED 3000
BB&T CORPORATION COM 054937107 82242 2333112 SH SOLE 2276968 56144
BB&T CORPORATION COM 054937107 24959 708076 SH DEFINED 708076
BB&T CORPORATION COM 054937107 5762 163478 SH OTHER 163478
BP AMOCO PLC ADS L C COM 055622104 2908 25102 SH SOLE 25102
BARNHILL CONTRACTING COMPANY COM 056002991 1339 20593 SH SOLE 20593
BANK OF AMER CORP COM 060505104 7623 114859 SH SOLE 114859
BANK OF AMER CORP COM 060505104 1297 19552 SH DEFINED 19552
BANK OF NEW YORK COMPANY INC COM 064057102 269 7288 SH SOLE 7288
BANK ONE CORPORATION COM 06423A103 4665 85514 SH SOLE 85514
BANK ONE CORPORATION COM 06423A103 273 5004 SH DEFINED 5004
BAUSCH LOMB INC COM 071707103 2493 34719 SH SOLE 34719
BAXTER INTERNATIONAL INC COM 071813109 700 10199 SH SOLE 10199
BELL ATLANTIC CORPORATION COM 077853109 1502 23472 SH SOLE 23472
BELL ATLANTIC CORPORATION COM 077853109 131 2060 SH DEFINED 2060
BELLSOUTH CORPORATION COM 079860102 8712 181275 SH SOLE 180675 600
BELLSOUTH CORPORATION COM 079860102 394 8200 SH DEFINED 8200
BESTFOODS COM 08658U101 410 8420 SH SOLE 8420
BESTFOODS COM 08658U101 146 3000 SH DEFINED 3000
BOB EVANS FARMS COM 096761101 796 37650 SH SOLE 37650
BOB EVANS FARMS COM 096761101 46 2200 SH DEFINED 2200
THE BOEING COMPANY COM 097023105 464 10239 SH SOLE 10239
BRISTOL MYERS SQUIBB CO. COM 110122108 14088 211861 SH SOLE 211861
BRISTOL MYERS SQUIBB CO. COM 110122108 1044 15700 SH DEFINED 14500 1200
CCB FINANCIAL COM 124875105 805 15747 SH SOLE 15747
CIGNA COM 125509109 4152 47092 SH SOLE 47092
CIGNA COM 125509109 50 572 SH DEFINED 572
CSX CORPORATION COM 126408103 2634 54379 SH SOLE 54379
CSX CORPORATION COM 126408103 29 600 SH DEFINED 600
CVS CORP COM 126650100 390 7845 SH SOLE 7845
CVS CORP COM 126650100 149 3000 SH DEFINED 3000
CAMPBELL SOUP COMPANY COM 134429109 164 3733 SH SOLE 3733
CAMPBELL SOUP COMPANY COM 134429109 39 900 SH DEFINED 900
CAPITAL ONE FINANCIAL CORP COM 14040H105 251 5415 SH SOLE 5415
CARNIVAL CRUISE LINES INC COM 143658102 859 18500 SH SOLE 18500
CAROLINA POWER AND LIGHT COMPA COM 144141108 2338 56869 SH SOLE 56269 600
CAROLINA POWER AND LIGHT COMPA COM 144141108 71 1735 SH DEFINED 1735
CATERPILLAR TRACTOR COMPANY COM 149123101 668 11400 SH SOLE 11400
CENTURA BANKS INC COM 15640T100 895 16008 SH SOLE 16008
CENTURA BANKS INC COM 15640T100 176 3164 SH DEFINED 3164
CHASE MANHATTAN CORP COM 16161A108 167 2172 SH SOLE 2172
CHASE MANHATTAN CORP COM 16161A108 123 1609 SH DEFINED 1009 600
CHEVRON CORPORATION COM 166751107 2541 27849 SH SOLE 27849
CHEVRON CORPORATION COM 166751107 647 7094 SH DEFINED 7094
CIRCUIT CITY STORES INC- COM 172737108 283 6000 SH SOLE 6000
CISCO SYSTEMS COM 17275R102 1934 31144 SH SOLE 31144
CISCO SYSTEMS COM 17275R102 223 3600 SH DEFINED 900 2700
CITIGROUP INC COM 172967101 1030 23117 SH SOLE 22442 675
CITIGROUP INC COM 172967101 33 750 SH DEFINED 750
CLOROX CO. COM 189054109 1279 11425 SH SOLE 11425
COASTAL CORP COM 190441105 334 8400 SH SOLE 8400
COCA COLA COMPANY COM 191216100 3641 60127 SH SOLE 60027 100
COCA COLA COMPANY COM 191216100 1132 18700 SH DEFINED 18300 400
COLGATE PALMOLIVE COMPANY COM 194162103 2057 41675 SH SOLE 41675
COLGATE PALMOLIVE COMPANY COM 194162103 29 600 SH DEFINED 600
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 967 43496 SH SOLE 43496
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 15 715 SH DEFINED 715
COMPAQ COMPUTER CORPORATION COM 204493100 245 10200 SH SOLE 10200
COMPUTER ASSOCIATES INTL. INC. COM 204912109 542 11830 SH SOLE 11830
CONSOLIDATED EDISON INC COM 209115104 302 6950 SH SOLE 6950
CONSOLIDATED EDISON INC COM 209115104 73 1700 SH DEFINED 1700
CONSOLIDATED NATURAL GAS COM 209615103 397 6348 SH SOLE 6348
ADOLF COORS CO. COM 217016104 318 5975 SH SOLE 5975
CORDANT TECHNOLOGIES INC COM 218412104 352 7875 SH SOLE 7875
CORNING INC COM 219350105 678 9695 SH SOLE 9695
CORNING INC COM 219350105 119 1700 SH DEFINED 1700
DANA CORPORATION COMMON COM 235811106 2969 71126 SH SOLE 71126
DANA CORPORATION COMMON COM 235811106 102 2462 SH DEFINED 2462
DANAHER CORP COM 235851102 258 4525 SH SOLE 4525
DAYTON HUDSON CORP. COM 239753106 5509 85175 SH SOLE 85175
DAYTON HUDSON CORP. COM 239753106 265 4100 SH DEFINED 4100
DEAN FOODS COMPANY COM 242361103 2726 62866 SH SOLE 62866
DEAN FOODS COMPANY COM 242361103 117 2700 SH DEFINED 2700
DEERE & COMPANY COM 244199105 330 8672 SH SOLE 8672
WALT DISNEY PRODUCTIONS COM 254687106 1710 62059 SH SOLE 62059
WALT DISNEY PRODUCTIONS COM 254687106 129 4700 SH DEFINED 3500 1200
DOLE FOOD INC COM 256605106 1600 60680 SH SOLE 60680
DOMINION RESOURCES INC COM 257470104 445 10106 SH SOLE 10106
DOMINION RESOURCES INC COM 257470104 14 333 SH DEFINED 333
DOW CHEMICAL COM 260543103 654 5282 SH SOLE 5282
DOW CHEMICAL COM 260543103 34 275 SH DEFINED 275
E. I. DUPONT DE NEMOURS COMPAN COM 263534109 6054 83940 SH SOLE 83940
E. I. DUPONT DE NEMOURS COMPAN COM 263534109 894 12400 SH DEFINED 12400
DUKE ENERGY CORP COM 264399106 4622 87327 SH SOLE 86977 350
DUKE ENERGY CORP COM 264399106 256 4846 SH DEFINED 4846
EASTMAN KODAK COMPANY COM 277461109 1145 16578 SH SOLE 16378 200
EASTMAN KODAK COMPANY COM 277461109 28 417 SH DEFINED 417
ECOLAB INC COM 278865100 326 7650 SH SOLE 7650
A.G. EDWARD INC COM 281760108 2028 73261 SH SOLE 73261
A.G. EDWARD INC COM 281760108 78 2850 SH DEFINED 2850
EMERSON ELECTRIC COMPANY COM 291011104 3481 58325 SH SOLE 58325
EMERSON ELECTRIC COMPANY COM 291011104 274 4600 SH DEFINED 4600
ENRON CORPORATION COM 293561106 496 5825 SH SOLE 5825
EXXON CORP. COM 302290101 12809 161384 SH SOLE 161384
EXXON CORP. COM 302290101 1504 18958 SH DEFINED 17958 1000
FPL GROUP COM 302571104 2675 49607 SH SOLE 49607
FPL GROUP COM 302571104 45 850 SH DEFINED 850
FAMILY DOLLAR STORES COM 307000109 169 8096 SH SOLE 8096
FAMILY DOLLAR STORES COM 307000109 113 5400 SH DEFINED 5400
FDX CORPORATION COM 31304N107 228 5100 SH SOLE 5100
FEDERAL NATIONAL MORTGAGE COM 313586109 2012 29188 SH SOLE 29188
FEDERAL NATIONAL MORTGAGE COM 313586109 344 5000 SH DEFINED 5000
FIFTH THIRD BANCORP COM 316773100 2060 31668 SH SOLE 31668
FIFTH THIRD BANCORP COM 316773100 1207 18562 SH DEFINED 18562
FIRST BANCORP COM 318910106 371 13624 SH SOLE 13624
FIRST CHARTER CORPORATION COM 319439105 421 18525 SH SOLE 18525
FIRST UNION CORP. COM 337358105 6528 141916 SH SOLE 141716 200
FIRST UNION CORP. COM 337358105 1536 33392 SH DEFINED 33392
FLUOR CORPORATION COM 343861100 2385 59540 SH SOLE 59190 350
FLUOR CORPORATION COM 343861100 8 200 SH DEFINED 200
FOOD LION INC COM 344775200 75 6340 SH SOLE 3940 2400
FOOD LION INC COM 344775200 49 4150 SH DEFINED 4150
FORD MOTOR COMPANY COM 345370100 4398 90682 SH SOLE 90682
FORD MOTOR COMPANY COM 345370100 362 7477 SH DEFINED 6877 600
FORTUNE BRANDS INC COM 349631101 245 6223 SH SOLE 6223
FORTUNE BRANDS INC COM 349631101 94 2400 SH DEFINED 2400
GTE CORPORATION COM 362320103 2850 38650 SH SOLE 38350 300
GTE CORPORATION COM 362320103 403 5475 SH DEFINED 5475
GANNETT COMPANY INC COM 364730101 2734 37844 SH SOLE 37844
GANNETT COMPANY INC COM 364730101 28 400 SH DEFINED 400
THE GAP INC COM 364760108 299 6400 SH SOLE 6400
GOLDSBORO DRUG CO COMMON COM 367000999 405 423 SH SOLE 423
GENERAL ELECTRIC COMPANY COM 369604103 18122 166265 SH SOLE 166265
GENERAL ELECTRIC COMPANY COM 369604103 2586 23728 SH DEFINED 23128 600
GENERAL MILLS INC COM 370334104 1478 17848 SH SOLE 17848
GENERAL MOTORS CORP. COM 370442105 397 6496 SH SOLE 6296 200
GENERAL MOTORS CORP. COM 370442105 24 394 SH DEFINED 394
GILLETTE COMPANY COM 375766102 754 17300 SH SOLE 17300
GILLETTE COMPANY COM 375766102 148 3400 SH DEFINED 3400
GLAXO WELLCOME PLC COM 37733W105 344 6606 SH SOLE 6606
GLAXO WELLCOME PLC COM 37733W105 52 1000 SH DEFINED 1000
GLOBAL IMAGING SYSTEMS COM 37934A100 593 32500 SH SOLE 32500
GOODYEAR TIRE & RUBBER CO. COM 382550101 431 8156 SH SOLE 8156
GREENBRIAR CORPORATION COM 393648100 1228 819269 SH SOLE 751820 67449
HALLIBURTON COMPANY COM 406216101 211 4590 SH SOLE 4590
HARRIS CORPORATION COM 413875105 4321 142568 SH SOLE 142568
HARRIS CORPORATION COM 413875105 224 7413 SH DEFINED 7413
HASBRO INC COM 418056107 366 14114 SH SOLE 14114
HASBRO INC COM 418056107 20 800 SH DEFINED 800
H. J. HEINZ COMPANY COM 423074103 260 5519 SH SOLE 5519
H. J. HEINZ COMPANY COM 423074103 127 2700 SH DEFINED 2700
HERSHEY FOODS COM 427866108 191 3300 SH SOLE 3300
HERSHEY FOODS COM 427866108 160 2770 SH DEFINED 2770
HEWLETT PACKARD COMPANY COM 428236103 9216 88041 SH SOLE 88041
HEWLETT PACKARD COMPANY COM 428236103 448 4280 SH DEFINED 4280
HOME DEPOT INC COM 437076102 2081 32625 SH SOLE 32625
HOME DEPOT INC COM 437076102 127 2000 SH DEFINED 2000
HONEYWELL INCORPORATED COM 438506107 6402 53438 SH SOLE 53438
HONEYWELL INCORPORATED COM 438506107 197 1646 SH DEFINED 1646
HOUGHTON MIFFLIN COMPANY COM 441560109 395 8000 SH SOLE 8000
HOUGHTON MIFFLIN COMPANY COM 441560109 177 3600 SH DEFINED 3600
HOUSEHOLD INTERNATIONAL INC COM 441815107 2731 63626 SH SOLE 63626
HOUSEHOLD INTERNATIONAL INC COM 441815107 2198 51207 SH DEFINED 51207
ILLINOIS TOOL WORKS COM 452308109 605 8150 SH SOLE 8150
INGERSOLL-RAND COMPANY COM 456866102 3921 60974 SH SOLE 60974
INTEL COM 458140100 6991 101330 SH SOLE 100930 400
INTEL COM 458140100 470 6820 SH DEFINED 5220 1600
INTERNATIONAL BUSINESS MACHINE COM 459200101 14690 116881 SH SOLE 116881
INTERNATIONAL BUSINESS MACHINE COM 459200101 1448 11528 SH DEFINED 11528
INTERNATIONAL PAPER COMPANY COM 460146103 233 4587 SH SOLE 4587
INTERNATIONAL PAPER COMPANY COM 460146103 40 800 SH DEFINED 800
JEFFERSON PILOT FINANCIAL COM 475070108 24673 337703 SH SOLE 337703
JEFFERSON PILOT FINANCIAL COM 475070108 3550 48595 SH DEFINED 48595
JOHNSON & JOHNSON COM 478160104 11988 131656 SH SOLE 131656
JOHNSON & JOHNSON COM 478160104 496 5450 SH DEFINED 5450
JOHNSON CONTROLS INC COM 478366107 350 5106 SH SOLE 5106
JONES PHARMA INC COM 480236108 429 9900 SH SOLE 9900
KELLOGG COMPANY COM 487836108 271 7800 SH SOLE 7800
KIMBERLY-CLARK CORP. COM 494368103 2870 47061 SH SOLE 47061
KIMBERLY-CLARK CORP. COM 494368103 228 3750 SH DEFINED 3750
LADD FURNITURE INC NEW COM COM 505739201 515 25000 SH SOLE 25000
LANCE INC COM 514606102 197 13428 SH SOLE 13428
LANCE INC COM 514606102 6 420 SH DEFINED 420
LIGHTBRIDGE INC COM 532226107 376 23000 SH SOLE 23000
ELI LILLY & COMPANY COM 532457108 1129 17195 SH SOLE 17195
ELI LILLY & COMPANY COM 532457108 183 2800 SH DEFINED 2000 800
LILLY INDUSTRIES INC COM 532491107 498 27773 SH SOLE 27773
LINCOLN NATIONAL CORP. COM 534187109 4297 85944 SH SOLE 85944
LINEAR TECHNOLOGY CORP COM 535678106 702 11450 SH SOLE 11450
LOCKHEED MARTIN CORP COM 539830109 2989 85872 SH SOLE 85872
LOCKHEED MARTIN CORP COM 539830109 153 4400 SH DEFINED 4400
LOWE'S COMPANIES INC COM 548661107 3354 63595 SH SOLE 63595
LUCENT TECHNOLOGIES COM 549463107 7628 116126 SH SOLE 114670 1456
LUCENT TECHNOLOGIES COM 549463107 903 13756 SH DEFINED 13756
MBNA CORP COM 55262L100 387 13610 SH SOLE 13610
MCI WORLDCOM INC COM 55268B106 911 11054 SH SOLE 11054
MALLINCKRODT INC NEW COM 561232109 3762 111079 SH SOLE 110879 200
MALLINCKRODT INC NEW COM 561232109 6 200 SH DEFINED 200
MAY DEPARTMENT STORES COM 577778103 4333 112008 SH SOLE 112008
MAY DEPARTMENT STORES COM 577778103 51 1328 SH DEFINED 1328
MCDONALDS CORP. COM 580135101 1318 31618 SH SOLE 31618
MCDONALDS CORP. COM 580135101 587 14100 SH DEFINED 14100
MCGRAW HILL COMPANIES INC COM 580645109 582 11445 SH SOLE 11445
MCRAE INDUSTRIES INC COM 582757209 1834 326111 SH SOLE 326111
MCRAE INDUSTRIES INC COM 582757308 533 101677 SH SOLE 101677
MEDIA GENERAL A COM 584404107 1671 32850 SH SOLE 32850
MEDIA GENERAL A COM 584404107 20 400 SH DEFINED 400
MEDTRONIC INC COM 585055106 1212 16820 SH SOLE 16820
MERCK & CO INC COM 589331107 8566 126682 SH SOLE 126682
MERCK & CO INC COM 589331107 284 4200 SH DEFINED 3600 600
MICROSOFT CORP COM 594918104 3938 45898 SH SOLE 45898
MICROSOFT CORP COM 594918104 705 8225 SH DEFINED 8225
S & P 400 MID-CAP DEP RECPT COM 595635103 337 4400 SH SOLE 4200 200
MINNESOTA MINING AND COM 604059105 1353 15388 SH SOLE 15388
MINNESOTA MINING AND COM 604059105 35 400 SH DEFINED 400
MOBIL CORP. COM 607059102 7264 71048 SH SOLE 71048
MOBIL CORP. COM 607059102 853 8344 SH DEFINED 8344
MODINE MFG CO. COM 607828100 288 9000 SH SOLE 9000
MONSANTO COMPANY COM 611662107 654 16672 SH SOLE 16672
MONSANTO COMPANY COM 611662107 7 200 SH DEFINED 200
J. P. MORGAN AND COMPANY COM 616880100 6244 48829 SH SOLE 48829
J. P. MORGAN AND COMPANY COM 616880100 306 2400 SH DEFINED 2400
MORGAN STANLEY DEAN WITTER COM 617446448 1728 19152 SH SOLE 19152
MORGAN STANLEY DEAN WITTER COM 617446448 173 1925 SH DEFINED 1100 825
MOTOROLA INC COM 620076109 1931 21162 SH SOLE 21162
MOTOROLA INC COM 620076109 63 695 SH DEFINED 695
MYLAN LABORATORIES COM 628530107 292 12800 SH SOLE 12400 400
NATIONAL COMPUTER SYSTEM INC COM 635519101 308 9000 SH SOLE 9000
NICOR INC COM 654086107 3084 79727 SH SOLE 79727
NICOR INC COM 654086107 257 6656 SH DEFINED 6656
NOKIA CORP PREFERRED 654902204 791 9300 SH SOLE 8200 1100
NORFOLK SOUTHERN CORPORATION COM 655844108 1016 34769 SH SOLE 34769
NORFOLK SOUTHERN CORPORATION COM 655844108 87 3000 SH DEFINED 3000
NORTH STATE TELECOMMUNICATIONS COM 662642107 813 7746 SH SOLE 7746
OLD KENT FINANCIAL COM 679833103 716 17141 SH SOLE 17141
OMNICOM GROUP COM 681919106 365 5150 SH SOLE 5150
PNC BANK CORP COM 693475105 412 7810 SH SOLE 7810
PPG INDUSTRIES INC COM 693506107 258 4338 SH SOLE 4338
PPG INDUSTRIES INC COM 693506107 33 565 SH DEFINED 565
PALEX INC COM 696368109 66 11015 SH SOLE 11015
PARKER HANNIFIN CORP COM 701094104 2927 62040 SH SOLE 62040
PARKER HANNIFIN CORP COM 701094104 42 900 SH DEFINED 900
PAYCHEK INC COM 704326107 208 7426 SH SOLE 7426
J. C. PENNEY COMPANY COM 708160106 272 6225 SH SOLE 6225
J. C. PENNEY COMPANY COM 708160106 65 1500 SH DEFINED 1500
PEPSICO INC COM 713448108 4663 119776 SH SOLE 119776
PEPSICO INC COM 713448108 1510 38798 SH DEFINED 37998 800
PFIZER INC COM 717081103 3806 112371 SH SOLE 112371
PFIZER INC COM 717081103 1168 34500 SH DEFINED 34500
PHELPS DODGE CORPORATION COM 717265102 600 10125 SH SOLE 10125
PHILIP MORRIS COMPANIES INC. COM 718154107 5054 135683 SH SOLE 135683
PHILIP MORRIS COMPANIES INC. COM 718154107 394 10600 SH DEFINED 10600
PHILLIPS PETROLEUM COMPANY COM 718507106 4503 87756 SH SOLE 87756
PHILLIPS PETROLEUM COMPANY COM 718507106 56 1100 SH DEFINED 1100
PIEDMONT NATURAL GAS COMPANY COM 720186105 533 15665 SH SOLE 15665
PITNEY BOWES INC COM 724479100 1402 22042 SH SOLE 22042
PITNEY BOWES INC COM 724479100 394 6200 SH DEFINED 6200
PROCTER AND GAMBLE COM 742718109 3514 38807 SH SOLE 38407 400
PROCTER AND GAMBLE COM 742718109 368 4068 SH DEFINED 4068
PROVIDIAN FINANCIAL CORP COM 74406A102 733 8063 SH SOLE 8063
PROVIDIAN FINANCIAL CORP COM 74406A102 560 6159 SH DEFINED 6159
PUBLIC SERVICE CO OF NC COM 744516105 563 18809 SH SOLE 18809
PUBLIC SERVICE CO OF NC COM 744516105 359 12003 SH DEFINED 12003
RALSTON PURINA CO COM 751277302 200 6681 SH SOLE 6681
RAYTHEON NEW CLASS A COM 755111309 2478 35668 SH SOLE 35656 12
RAYTHEON NEW CLASS A COM 755111309 29 425 SH DEFINED 425
RAYTHEON COMPANY CLASS B COM 755111408 913 12991 SH SOLE 12991
RAYTHEON COMPANY CLASS B COM 755111408 35 500 SH DEFINED 500
RITE-AID COM 767754104 1444 68168 SH SOLE 68168
RITE-AID COM 767754104 33 1600 SH DEFINED 1600
ROYAL DUTCH PETROLEUM CO COM 780257804 4357 71442 SH SOLE 71442
ROYAL DUTCH PETROLEUM CO COM 780257804 571 9364 SH DEFINED 9364
RUDDICK CORPORATION COM 781258108 243 12576 SH SOLE 12576
RUDDICK CORPORATION COM 781258108 7 400 SH DEFINED 400
SBC COMMUNICATIONS INC COM 78387G103 11706 204927 SH SOLE 204927
SBC COMMUNICATIONS INC COM 78387G103 440 7712 SH DEFINED 7712
SEI INVESTMENTS COMPANY COM 784117103 353 3650 SH SOLE 3650
S & P 500 DEPOSITARY RECEIPT COM 78462F103 983 7405 SH SOLE 7405
SAFECO CORPORATION COM 786429100 2154 56615 SH SOLE 56615
SAFECO CORPORATION COM 786429100 11 300 SH DEFINED 300
ST PAUL COMPANIES INC COM 792860108 2402 77194 SH SOLE 77194
SLASH INDUSTRIES COM 793001991 215 1750 SH SOLE 1750
SARA LEE CORPORATION COM 803111103 2336 106215 SH SOLE 106215
SARA LEE CORPORATION COM 803111103 184 8400 SH DEFINED 8400
SCANA CORPORATION COM 805898103 2384 97562 SH SOLE 97562
SCANA CORPORATION COM 805898103 224 9200 SH DEFINED 3000 6200
SCHERING-PLOUGH CORP. COM 806605101 2988 60992 SH SOLE 60992
SCHERING-PLOUGH CORP. COM 806605101 548 11200 SH DEFINED 11200
SCHLUMBERGER LTD COM 806857108 2314 38222 SH SOLE 37922 300
SCHLUMBERGER LTD COM 806857108 84 1400 SH DEFINED 1400
SCHULMAN (A.)INC COM 808194104 1229 63687 SH SOLE 63687
SCHWAB CHARLES CORP COM 808513105 459 10420 SH SOLE 10420
SCIENTIFIC ATLANTA INC COM 808655104 235 6450 SH SOLE 6450
SEAGRAM LTD. COM 811850106 369 7200 SH SOLE 7200
SEARS ROEBUCK AND COMPANY COM 812387108 401 9916 SH SOLE 9916
SERVICE CORPORATION INTERNATIO COM 817565104 412 26000 SH SOLE 26000
SERVICE CORPORATION INTERNATIO COM 817565104 6 400 SH DEFINED 400
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</TABLE>
