UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/98
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: 223 WEST NASH STREET
MC 100-01-03-20
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 MARCH 31, 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: 407
Form 13F Information Table Entry Total: $718,999
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<S> <C> <C>
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
- ------------------------------ ---------------- --------- -------- --- --- --- ---- ------- ------------- ------- --------- ------
AFLAC INC COM 001055102 461 9000 SH SOLE 9000
AFLAC INC COM 001055102 57 1124 SH DEFINED 1124
AT&T CORPORATION COM 001957109 9236 114919 SH SOLE 114719 200
AT&T CORPORATION COM 001957109 822 10236 SH DEFINED 10236
ABBOTT LABORATORIES COM 002824100 6521 136211 SH SOLE 136211
ABBOTT LABORATORIES COM 002824100 430 9000 SH DEFINED 9000
ADOBE SYSTEM INC COM 00724F101 5495 97700 SH SOLE 97700
AEGON N V ORD COM 007924103 489 5481 SH SOLE 5481
AEGON N V ORD COM 007924103 328 3678 SH DEFINED 3678
AETNA INC COM 008117103 552 6775 SH SOLE 6775
AETNA INC COM 008117103 63 775 SH DEFINED 775
AIR PRODUCTS AND CHEMICALS INC COM 009158106 2676 75935 SH SOLE 75935
AIR PRODUCTS AND CHEMICALS INC COM 009158106 229 6500 SH DEFINED 6500
AIRBORNE FREIGHT CORPORATION COM 009266107 255 7950 SH SOLE 7950
AIRTOUCH COMMUNICATIONS COM 00949T100 316 3357 SH SOLE 3357
ALBERTSON'S INC. COM 013104104 3980 72784 SH SOLE 72784
ALCOA INC COM 013817101 307 7560 SH SOLE 7560
ALEXANDER BALDWIN COM 014482103 426 22000 SH SOLE 22000
ALEXANDER BALDWIN COM 014482103 5 300 SH DEFINED 300
ALLIED - SIGNAL INC COM 019512102 657 13092 SH SOLE 13092
ALLSTATE CORP COM 020002101 471 12454 SH SOLE 12454
ALLTEL CORPORATION COM 020039103 1068 16779 SH SOLE 16779
ALLTEL CORPORATION COM 020039103 80 1261 SH DEFINED 1261
AMERICAN EXPRESS COMPANY COM 025816109 1221 10054 SH SOLE 10054
AMERICAN GENERAL CORPORATION COM 026351106 5845 81469 SH SOLE 81469
AMERICAN GENERAL CORPORATION COM 026351106 638 8900 SH DEFINED 8900
AMERICAN GREETINGS CORPORATION COM 026375105 338 13850 SH SOLE 13850
AMERICAN GREETINGS CORPORATION COM 026375105 42 1720 SH DEFINED 1720
AMERICAN HOME PRODUCTS CORP. COM 026609107 5257 79886 SH SOLE 79886
AMERICAN HOME PRODUCTS CORP. COM 026609107 1492 22675 SH DEFINED 22675
AMERICAN INTERNATIONAL GROUP I COM 026874107 2569 21514 SH SOLE 21514
AMERICAN INTERNATIONAL GROUP I COM 026874107 418 3500 SH DEFINED 3500
AMERICAN STORES COMPANY COM 030096101 749 22664 SH SOLE 22664
AMERICAN STORES COMPANY COM 030096101 66 2000 SH DEFINED 2000
AMERITECH CORPORATION COM 030954101 800 14078 SH SOLE 14078
AMERITECH CORPORATION COM 030954101 183 3234 SH DEFINED 3234
AMP INC COM 031897101 473 8661 SH SOLE 8661
ANCHOR FINANCIAL CORPORATION COM 033036104 647 22330 SH SOLE 22330
ANHEUSER BUSCH COMPANY INC COM 035229103 7428 100052 SH SOLE 100052
ANHEUSER BUSCH COMPANY INC COM 035229103 371 5000 SH DEFINED 5000
AON CORPORATION COM 037389103 550 8625 SH SOLE 8625
AON CORPORATION COM 037389103 38 600 SH DEFINED 600
ASHLAND INC COM 044204105 3179 76280 SH SOLE 76280
ASHLAND INC COM 044204105 98 2372 SH DEFINED 2372
ASSOCIATES FIRST CAPITAL "A" COM 046008108 828 18426 SH SOLE 18426
ASSOCIATES FIRST CAPITAL "A" COM 046008108 20 454 SH DEFINED 454
ATLANTIC RICHFIELD COMPANY COM 048825103 805 10795 SH SOLE 10795
ATLANTIC RICHFIELD COMPANY COM 048825103 71 960 SH DEFINED 960
AUTOMATIC DATA PROCESSING COM 053015103 293 7200 SH SOLE 7200
AUTOMATIC DATA PROCESSING COM 053015103 32 800 SH DEFINED 800
AVISTA CORP DEP SH REPSTG 1/10 COM 05379B503 213 12600 SH SOLE 12600
AVNET INC COM 053807103 2977 79920 SH SOLE 79920
AVNET INC COM 053807103 156 4200 SH DEFINED 4200
AVON PRODUCTS INC COM 054303102 1381 29700 SH SOLE 29700
AVON PRODUCTS INC COM 054303102 139 3000 SH DEFINED 3000
BB&T CORPORATION COM 054937107 82588 2251177 SH SOLE 2194801 56376
BB&T CORPORATION COM 054937107 26308 717118 SH DEFINED 717118
BB&T CORPORATION COM 054937107 5997 163478 SH OTHER 163478
BP AMOCO PLC ADS L C COM 055622104 2628 25440 SH SOLE 25440
BARNHILL CONTRACTING COMPANY COM 056002991 1339 20593 SH SOLE 20593
BANK OF NEW YORK COMPANY INC COM 064057102 231 6488 SH SOLE 6488
BANK ONE CORPORATION COM 06423A103 4689 84585 SH SOLE 84585
BANK ONE CORPORATION COM 06423A103 277 5004 SH DEFINED 5004
BANKAMERICA CORPORATION NEW COM 06605F102 9122 128482 SH SOLE 128482
BANKAMERICA CORPORATION NEW COM 06605F102 1684 23723 SH DEFINED 23723
BAUSCH LOMB INC COM 071707103 2409 38869 SH SOLE 38869
BAXTER INTERNATIONAL INC COM 071813109 840 12750 SH SOLE 12750
BECTON DICKINSON & CO. COM 075887109 1653 41600 SH SOLE 41600
BELL ATLANTIC CORPORATION COM 077853109 1210 23007 SH SOLE 23007
BELL ATLANTIC CORPORATION COM 077853109 108 2060 SH DEFINED 2060
BELLSOUTH CORPORATION COM 079860102 7249 179267 SH SOLE 179267
BELLSOUTH CORPORATION COM 079860102 357 8845 SH DEFINED 8845
BESTFOODS COM 08658U101 404 8420 SH SOLE 8420
BESTFOODS COM 08658U101 144 3000 SH DEFINED 3000
BOB EVANS FARMS COM 096761101 535 26950 SH SOLE 26950
BOB EVANS FARMS COM 096761101 43 2200 SH DEFINED 2200
THE BOEING COMPANY COM 097023105 416 12239 SH SOLE 12239
BRISTOL MYERS SQUIBB CO. COM 110122108 14091 217624 SH SOLE 217624
BRISTOL MYERS SQUIBB CO. COM 110122108 938 14500 SH DEFINED 14500
CCB FINANCIAL COM 124875105 818 15547 SH SOLE 15547
CIGNA COM 125509109 4503 53611 SH SOLE 53611
CIGNA COM 125509109 69 822 SH DEFINED 822
CSX CORPORATION COM 126408103 2035 52519 SH SOLE 52519
CSX CORPORATION COM 126408103 23 600 SH DEFINED 600
CVS CORP COM 126650100 361 7400 SH SOLE 7400
CVS CORP COM 126650100 146 3000 SH DEFINED 3000
CARNIVAL CRUISE LINES INC COM 143658102 932 19150 SH SOLE 19150
CAROLINA POWER AND LIGHT COMPA COM 144141108 2122 54770 SH SOLE 54170 600
CAROLINA POWER AND LIGHT COMPA COM 144141108 73 1885 SH DEFINED 1885
CATERPILLAR TRACTOR COMPANY COM 149123101 598 12750 SH SOLE 12750
CENTURA BANKS INC COM 15640T100 1008 16447 SH SOLE 16447
CENTURA BANKS INC COM 15640T100 193 3164 SH DEFINED 3164
CHASE MANHATTAN CORP COM 16161A108 145 1772 SH SOLE 1772
CHASE MANHATTAN CORP COM 16161A108 82 1009 SH DEFINED 1009
CHEVRON CORPORATION COM 166751107 2622 29462 SH SOLE 29462
CHEVRON CORPORATION COM 166751107 715 8044 SH DEFINED 8044
CIRCUIT CITY STORES INC- COM 172737108 219 3000 SH SOLE 3000
CISCO SYSTEMS COM 17275R102 1701 15476 SH SOLE 15476
CISCO SYSTEMS COM 17275R102 49 450 SH DEFINED 450
CITIGROUP INC COM 172967101 962 15003 SH SOLE 15003
CITIGROUP INC COM 172967101 32 500 SH DEFINED 500
CLOROX CO. COM 189054109 1203 10225 SH SOLE 10225
COASTAL CORP COM 190441105 311 9000 SH SOLE 9000
COCA COLA COMPANY COM 191216100 5451 86192 SH SOLE 86092 100
COCA COLA COMPANY COM 191216100 1340 21194 SH DEFINED 21194
COLGATE PALMOLIVE COMPANY COM 194162103 2522 26975 SH SOLE 26975
COLGATE PALMOLIVE COMPANY COM 194162103 28 300 SH DEFINED 300
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 798 41621 SH SOLE 41621
COLUMBIA/HCA HEALTHCARE CORPOR COM 197677107 13 715 SH DEFINED 715
COMDISCO INC COM 200336105 1130 67750 SH SOLE 67750
COMPAQ COMPUTER CORPORATION COM 204493100 369 11450 SH SOLE 11450
COMPUTER ASSOCIATES INTL. INC. COM 204912109 424 11830 SH SOLE 11830
CONSOLIDATED EDISON INC COM 209115104 315 6950 SH SOLE 6950
CONSOLIDATED EDISON INC COM 209115104 86 1900 SH DEFINED 1900
CONSOLIDATED NATURAL GAS COM 209615103 387 7848 SH SOLE 7848
CORDANT TECHNOLOGIES INC COM 218412104 337 8325 SH SOLE 8325
CORDANT TECHNOLOGIES INC COM 218412104 3 96 SH DEFINED 96
CORNING INC COM 219350105 596 9945 SH SOLE 9945
CORNING INC COM 219350105 102 1700 SH DEFINED 1700
DANA CORPORATION COMMON COM 235811106 2582 68753 SH SOLE 68753
DANA CORPORATION COMMON COM 235811106 92 2462 SH DEFINED 2462
DAYTON HUDSON CORP. COM 239753106 5608 81575 SH SOLE 81575
DAYTON HUDSON CORP. COM 239753106 391 5700 SH DEFINED 5700
DEAN FOODS COMPANY COM 242361103 2266 63166 SH SOLE 63166
DEAN FOODS COMPANY COM 242361103 96 2700 SH DEFINED 2700
DEERE & COMPANY COM 244199105 332 8497 SH SOLE 8497
WALT DISNEY PRODUCTIONS COM 254687106 2249 68559 SH SOLE 68559
WALT DISNEY PRODUCTIONS COM 254687106 114 3500 SH DEFINED 3500
DOLE FOOD INC COM 256605106 1786 60680 SH SOLE 60680
DOMINION RESOURCES INC COM 257470104 199 5340 SH SOLE 5340
DOMINION RESOURCES INC COM 257470104 12 333 SH DEFINED 333
DOW CHEMICAL COM 260543103 517 5457 SH SOLE 5457
DOW CHEMICAL COM 260543103 26 275 SH DEFINED 275
E. I. DUPONT DE NEMOURS COMPAN COM 263534109 5045 86985 SH SOLE 86985
E. I. DUPONT DE NEMOURS COMPAN COM 263534109 766 13210 SH DEFINED 13210
DUKE ENERGY CORP COM 264399106 4418 79441 SH SOLE 79091 350
DUKE ENERGY CORP COM 264399106 325 5846 SH DEFINED 5846
EASTMAN KODAK COMPANY COM 277461109 973 15011 SH SOLE 14811 200
EASTMAN KODAK COMPANY COM 277461109 55 859 SH DEFINED 859
A.G. EDWARD INC COM 281760108 2185 68177 SH SOLE 68177
A.G. EDWARD INC COM 281760108 91 2850 SH DEFINED 2850
EMERSON ELECTRIC COMPANY COM 291011104 3168 59925 SH SOLE 59925
EMERSON ELECTRIC COMPANY COM 291011104 237 4500 SH DEFINED 4500
ENRON CORPORATION COM 293561106 263 4050 SH SOLE 4050
EXXON CORP. COM 302290101 11718 164324 SH SOLE 164324
EXXON CORP. COM 302290101 1280 17958 SH DEFINED 17958
FPL GROUP COM 302571104 2354 43707 SH SOLE 43707
FPL GROUP COM 302571104 88 1650 SH DEFINED 1650
FAMILY DOLLAR STORES COM 307000109 185 8096 SH SOLE 8096
FAMILY DOLLAR STORES COM 307000109 128 5600 SH DEFINED 5600
FEDERAL NATIONAL MORTGAGE COM 313586109 2021 28797 SH SOLE 28797
FEDERAL NATIONAL MORTGAGE COM 313586109 322 4600 SH DEFINED 4600
FIFTH THIRD BANCORP COM 316773100 2183 31968 SH SOLE 31968
FIFTH THIRD BANCORP COM 316773100 1268 18562 SH DEFINED 18562
FIRST BANCORP COM 318910106 344 13624 SH SOLE 13624
FIRST CHARTER CORPORATION COM 319439105 351 18525 SH SOLE 18525
FIRST UNION CORP. COM 337358105 8472 157626 SH SOLE 157566 60
FIRST UNION CORP. COM 337358105 1042 19392 SH DEFINED 19392
FOOD LION INC COM 344775200 68 7300 SH SOLE 4900 2400
FOOD LION INC COM 344775200 39 4150 SH DEFINED 4150
FORD MOTOR COMPANY COM 345370100 5138 90753 SH SOLE 90753
FORD MOTOR COMPANY COM 345370100 424 7492 SH DEFINED 7492
FORTUNE BRANDS INC COM 349631101 233 6153 SH SOLE 6153
FORTUNE BRANDS INC COM 349631101 90 2400 SH DEFINED 2400
GTE CORPORATION COM 362320103 2267 37515 SH SOLE 37215 300
GTE CORPORATION COM 362320103 330 5475 SH DEFINED 5475
GANNETT COMPANY INC COM 364730101 2388 38644 SH SOLE 38644
GANNETT COMPANY INC COM 364730101 24 400 SH DEFINED 400
THE GAP INC COM 364760108 207 3000 SH SOLE 3000
GOLDSBORO DRUG CO COMMON COM 367000999 405 423 SH SOLE 423
GENERAL ELECTRIC COMPANY COM 369604103 19720 174040 SH SOLE 174040
GENERAL ELECTRIC COMPANY COM 369604103 3103 27393 SH DEFINED 27393
GENERAL MILLS INC COM 370334104 1271 16648 SH SOLE 16648
GENERAL MOTORS CORP. COM 370442105 616 7056 SH SOLE 6856 200
GENERAL MOTORS CORP. COM 370442105 65 744 SH DEFINED 744
GILLETTE COMPANY COM 375766102 1388 23050 SH SOLE 23050
GILLETTE COMPANY COM 375766102 192 3200 SH DEFINED 3200
GLAXO WELLCOME PLC COM 37733W105 460 7156 SH SOLE 7156
GLAXO WELLCOME PLC COM 37733W105 64 1000 SH DEFINED 1000
GLOBAL IMAGING SYSTEMS COM 37934A100 420 32500 SH SOLE 32500
GOODYEAR TIRE & RUBBER CO. COM 382550101 400 8156 SH SOLE 8156
GREENBRIAR CORPORATION COM 393648100 1536 819269 SH SOLE 751820 67449
HARRIS CORPORATION COM 413875105 4332 146547 SH SOLE 146547
HARRIS CORPORATION COM 413875105 241 8163 SH DEFINED 8163
HARTFORD FINL SVCS GROUP INC COM 416515104 205 3568 SH SOLE 3568
HASBRO INC COM 418056107 406 13614 SH SOLE 13614
HASBRO INC COM 418056107 17 600 SH DEFINED 600
H. J. HEINZ COMPANY COM 423074103 218 4551 SH SOLE 4551
H. J. HEINZ COMPANY COM 423074103 129 2700 SH DEFINED 2700
HERSHEY FOODS COM 427866108 185 3200 SH SOLE 3200
HERSHEY FOODS COM 427866108 160 2770 SH DEFINED 2770
HEWLETT PACKARD COMPANY COM 428236103 5323 77153 SH SOLE 77153
HEWLETT PACKARD COMPANY COM 428236103 295 4280 SH DEFINED 4280
HOME DEPOT INC COM 437076102 2152 33900 SH SOLE 33900
HOME DEPOT INC COM 437076102 177 2800 SH DEFINED 2800
HONEYWELL INCORPORATED COM 438506107 4195 56415 SH SOLE 56415
HONEYWELL INCORPORATED COM 438506107 122 1646 SH DEFINED 1646
HOUGHTON MIFFLIN COMPANY COM 441560109 355 7900 SH SOLE 7900
HOUGHTON MIFFLIN COMPANY COM 441560109 162 3600 SH DEFINED 3600
HOUSEHOLD INTERNATIONAL INC COM 441815107 2864 63213 SH SOLE 63213
HOUSEHOLD INTERNATIONAL INC COM 441815107 2320 51207 SH DEFINED 51207
ILLINOIS TOOL WORKS COM 452308109 581 9450 SH SOLE 9450
INGERSOLL-RAND COMPANY COM 456866102 3148 62035 SH SOLE 62035
INTEL COM 458140100 3872 31859 SH SOLE 31659 200
INTEL COM 458140100 311 2560 SH DEFINED 2560
INTERNATIONAL BUSINESS MACHINE COM 459200101 11562 64755 SH SOLE 64755
INTERNATIONAL BUSINESS MACHINE COM 459200101 1082 6064 SH DEFINED 6064
INTERNATIONAL PAPER COMPANY COM 460146103 177 4199 SH SOLE 4199
INTERNATIONAL PAPER COMPANY COM 460146103 33 800 SH DEFINED 800
JEFFERSON PILOT FINANCIAL COM 475070108 24531 358124 SH SOLE 358124
JEFFERSON PILOT FINANCIAL COM 475070108 3494 51020 SH DEFINED 51020
JOHNSON & JOHNSON COM 478160104 12314 132323 SH SOLE 132323
JOHNSON & JOHNSON COM 478160104 507 5450 SH DEFINED 5450
JOHNSON CONTROLS INC COM 478366107 302 4802 SH SOLE 4802
JONES PHARMA INC COM 480236108 369 10550 SH SOLE 10550
KELLOGG COMPANY COM 487836108 299 8700 SH SOLE 8700
KIMBERLY-CLARK CORP. COM 494368103 2055 42501 SH SOLE 42501
KIMBERLY-CLARK CORP. COM 494368103 210 4350 SH DEFINED 4350
LADD FURNITURE INC NEW COM COM 505739201 560 32000 SH SOLE 32000
LANCE INC COM 514606102 180 12628 SH SOLE 12628
LANCE INC COM 514606102 6 420 SH DEFINED 420
LIGHTBRIDGE INC COM 532226107 121 24000 SH SOLE 24000
ELI LILLY & COMPANY COM 532457108 1611 18320 SH SOLE 18320
ELI LILLY & COMPANY COM 532457108 175 2000 SH DEFINED 2000
LILLY INDUSTRIES INC COM 532491107 430 27773 SH SOLE 27773
LINCOLN NATIONAL CORP. COM 534187109 5134 51866 SH SOLE 51866
LINEAR TECHNOLOGY CORP COM 535678106 430 8350 SH SOLE 8350
LOCKHEED MARTIN CORP COM 539830109 3220 85733 SH SOLE 85733
LOCKHEED MARTIN CORP COM 539830109 187 5000 SH DEFINED 5000
LOWE'S COMPANIES INC COM 548661107 4342 67850 SH SOLE 67850
LUCENT TECHNOLOGIES COM 549463107 6583 61458 SH SOLE 61330 128
LUCENT TECHNOLOGIES COM 549463107 771 7200 SH DEFINED 7200
MBNA CORP COM 55262L100 322 14197 SH SOLE 14197
MCI WORLDCOM INC COM 55268B106 907 9849 SH SOLE 9849
MALLINCKRODT INC NEW COM 561232109 3558 133324 SH SOLE 133324
MAY DEPARTMENT STORES COM 577778103 4303 111591 SH SOLE 111591
MAY DEPARTMENT STORES COM 577778103 43 1128 SH DEFINED 1128
MCDONALDS CORP. COM 580135101 1490 33118 SH SOLE 33118
MCDONALDS CORP. COM 580135101 666 14800 SH DEFINED 14800
MCGRAW HILL COMPANIES INC COM 580645109 534 9850 SH SOLE 9850
MCRAE INDUSTRIES INC COM 582757209 1627 317491 SH SOLE 317491
MCRAE INDUSTRIES INC COM 582757308 546 101677 SH SOLE 101677
MEDIA GENERAL A COM 584404107 1468 31000 SH SOLE 31000
MEDIA GENERAL A COM 584404107 18 400 SH DEFINED 400
MEDTRONIC INC COM 585055106 1098 15340 SH SOLE 15340
MERCK & CO INC COM 589331107 10751 130715 SH SOLE 130715
MERCK & CO INC COM 589331107 296 3600 SH DEFINED 3600
MICROSOFT CORP COM 594918104 4274 45961 SH SOLE 45961
MICROSOFT CORP COM 594918104 802 8625 SH DEFINED 8625
S & P 400 MID-CAP DEP RECPT COM 595635103 226 3300 SH SOLE 3100 200
MINNESOTA MINING AND COM 604059105 1120 15953 SH SOLE 15953
MINNESOTA MINING AND COM 604059105 28 400 SH DEFINED 400
MOBIL CORP. COM 607059102 6518 73973 SH SOLE 73973
MOBIL CORP. COM 607059102 818 9292 SH DEFINED 9292
MODINE MFG CO. COM 607828100 255 9000 SH SOLE 9000
MONSANTO COMPANY COM 611662107 848 18322 SH SOLE 18322
MONSANTO COMPANY COM 611662107 9 200 SH DEFINED 200
J. P. MORGAN AND COMPANY COM 616880100 7213 57503 SH SOLE 57503
J. P. MORGAN AND COMPANY COM 616880100 335 2675 SH DEFINED 2675
MORGAN STANLEY DEAN WITTER COM 617446448 2079 20442 SH SOLE 20442
MORGAN STANLEY DEAN WITTER COM 617446448 111 1100 SH DEFINED 1100
MOTOROLA INC COM 620076109 1619 21537 SH SOLE 21537
MOTOROLA INC COM 620076109 52 695 SH DEFINED 695
MYLAN LABORATORIES COM 628530107 307 11300 SH SOLE 10900 400
NICOR INC COM 654086107 2239 62327 SH SOLE 62327
NICOR INC COM 654086107 232 6456 SH DEFINED 6456
NORFOLK SOUTHERN CORPORATION COM 655844108 917 33209 SH SOLE 33209
NORFOLK SOUTHERN CORPORATION COM 655844108 99 3600 SH DEFINED 3600
NORTH STATE TELECOMMUNICATIONS COM 662642107 735 1291 SH SOLE 1291
OMNICOM GROUP COM 681919106 218 2750 SH SOLE 2750
PNC BANK CORP COM 693475105 415 7430 SH SOLE 7430
PARKER HANNIFIN CORP COM 701094104 2152 61940 SH SOLE 61940
PARKER HANNIFIN CORP COM 701094104 24 700 SH DEFINED 700
J. C. PENNEY COMPANY COM 708160106 222 5450 SH SOLE 5450
J. C. PENNEY COMPANY COM 708160106 61 1500 SH DEFINED 1500
PEPSICO INC COM 713448108 3560 89285 SH SOLE 89285
PEPSICO INC COM 713448108 1515 37998 SH DEFINED 37998
PFIZER INC COM 717081103 7153 50307 SH SOLE 50307
PFIZER INC COM 717081103 1635 11500 SH DEFINED 11500
PHELPS DODGE CORPORATION COM 717265102 509 10400 SH SOLE 10400
PHILIP MORRIS COMPANIES INC. COM 718154107 5332 141252 SH SOLE 141252
PHILIP MORRIS COMPANIES INC. COM 718154107 396 10500 SH DEFINED 10500
PHILLIPS PETROLEUM COMPANY COM 718507106 4152 87643 SH SOLE 87643
PHILLIPS PETROLEUM COMPANY COM 718507106 52 1100 SH DEFINED 1100
PIEDMONT NATURAL GAS COMPANY COM 720186105 575 16693 SH SOLE 16693
PITNEY BOWES INC COM 724479100 3372 52752 SH SOLE 52752
PITNEY BOWES INC COM 724479100 396 6200 SH DEFINED 6200
PROCTER AND GAMBLE COM 742718109 4288 42807 SH SOLE 42407 400
PROCTER AND GAMBLE COM 742718109 607 6068 SH DEFINED 6068
PROVIDIAN FINANCIAL CORP COM 74406A102 951 8528 SH SOLE 8528
PROVIDIAN FINANCIAL CORP COM 74406A102 687 6159 SH DEFINED 6159
PUBLIC SERVICE CO OF NC COM 744516105 350 12282 SH SOLE 12282
PUBLIC SERVICE CO OF NC COM 744516105 342 12003 SH DEFINED 7203 4800
RAYTHEON NEW CLASS A COM 755111309 1972 34996 SH SOLE 34984 12
RAYTHEON NEW CLASS A COM 755111309 25 447 SH DEFINED 447
RAYTHEON COMPANY CLASS B COM 755111408 703 12366 SH SOLE 12366
RAYTHEON COMPANY CLASS B COM 755111408 28 500 SH DEFINED 500
RITE-AID COM 767754104 1848 68796 SH SOLE 68796
RITE-AID COM 767754104 43 1600 SH DEFINED 1600
ROYAL DUTCH PETROLEUM CO COM 780257804 3733 71462 SH SOLE 71462
ROYAL DUTCH PETROLEUM CO COM 780257804 484 9264 SH DEFINED 9264
RUDDICK CORPORATION COM 781258108 258 14336 SH SOLE 14336
RUDDICK CORPORATION COM 781258108 7 400 SH DEFINED 400
SBC COMMUNICATIONS INC COM 78387G103 9219 198276 SH SOLE 198276
SBC COMMUNICATIONS INC COM 78387G103 358 7712 SH DEFINED 7712
S & P 500 DEPOSITARY RECEIPT COM 78462F103 1148 8800 SH SOLE 8800
SAFECO CORPORATION COM 786429100 2260 56345 SH SOLE 56345
SAFECO CORPORATION COM 786429100 12 300 SH DEFINED 300
ST PAUL COMPANIES INC COM 792860108 2001 62294 SH SOLE 62294
SLASH INDUSTRIES COM 793001991 215 1750 SH SOLE 1750
SARA LEE CORPORATION COM 803111103 2725 107400 SH SOLE 107400
SARA LEE CORPORATION COM 803111103 213 8400 SH DEFINED 8400
SCANA CORPORATION COM 805898103 1626 73732 SH SOLE 73732
SCANA CORPORATION COM 805898103 211 9600 SH DEFINED 3000 6600
SCHERING-PLOUGH CORP. COM 806605101 3381 60042 SH SOLE 60042
SCHERING-PLOUGH CORP. COM 806605101 630 11200 SH DEFINED 11200
SCHLUMBERGER LTD COM 806857108 2247 36286 SH SOLE 36286
SCHLUMBERGER LTD COM 806857108 86 1400 SH DEFINED 1400
SCHULMAN (A.)INC COM 808194104 855 63687 SH SOLE 63687
SCHWAB CHARLES CORP COM 808513105 287 3050 SH SOLE 3050
SEAGRAM LTD. COM 811850106 346 7200 SH SOLE 7200
SEARS ROEBUCK AND COMPANY COM 812387108 468 10216 SH SOLE 10216
SERVICE CORPORATION INTERNATIO COM 817565104 395 26600 SH SOLE 26600
SERVICE CORPORATION INTERNATIO COM 817565104 5 400 SH DEFINED 400
SHERWIN-WILLIAMS COMPANY COM 824348106 591 20500 SH SOLE 20500
SHERWIN-WILLIAMS COMPANY COM 824348106 23 800 SH DEFINED 800
SONOCO PRODUCTS COMPANY COM 835495102 1851 78789 SH SOLE 78789
SOUTHERN COMPANY COM 842587107 451 19416 SH SOLE 19416
SOUTHERN COMPANY COM 842587107 22 960 SH DEFINED 960
SOUTHERN WEBBING MILLS INC COM 844113100 59 16435 SH SOLE 16435
SPRINT CORPORATION COM 852061100 13146 134406 SH SOLE 134406
SPRINT CORPORATION COM 852061100 1242 12706 SH DEFINED 12706
SPRINT CORP PCS COM 852061506 1761 39746 SH SOLE 39746
SPRINT CORP PCS COM 852061506 280 6332 SH DEFINED 6332
STATE STR CORP COM 857477103 503 6135 SH SOLE 6135
SUN MICROSYSTEMS INC COM 866810104 601 4775 SH SOLE 4775
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</TABLE>
