<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> <C>
A. H. Belo Corp. COM 080555105 606 35000 SH SOLE 35000
AT&T Corp. Liberty Media Group COM 001957208 3990 164534 SH SOLE 164534
Abbott Laboratories Corp. COM 002824100 205 4600 SH SOLE 4600
Agilent Technologies, Inc. COM 00846u101 292 3955 SH SOLE 3955
AmSouth Bancorporation COM 032165102 2052 130289 SH SOLE 130289
American Express Co. COM 025816109 792 15195 SH SOLE 15195
American General Corp. COM 026351106 2833 46443 SH SOLE 46443
American Home Products Corp. COM 026609107 547 9317 SH SOLE 9317
American International Group I COM 026874107 2989 25441 SH SOLE 25441
American Retirement Corp. COM 028913101 325 58450 SH SOLE 58450
Amgen Inc. COM 031162100 6178 87950 SH SOLE 87950
Automatic Data Processing Inc. COM 053015103 4766 88988 SH SOLE 88988
BP Amoco PLC COM 055622104 1072 18954 SH SOLE 18954
Baker Hughes, Inc. COM 057224107 428 13365 SH SOLE 13365
BankAmerica Corp. COM 060505104 284 6603 SH SOLE 6603
Bell Atlantic Corp. COM 077853109 346 6808 SH SOLE 6808
BellSouth Corp. COM 079860102 501 11762 SH SOLE 11762
Berkshire Hathaway Class B COM 084670207 3043 1729 SH SOLE 1729
Berkshire Hathaway Inc. COM 084670108 1937 36 SH SOLE 36
Biomet Inc. COM 090613100 1503 39100 SH SOLE 39100
Bristol Myers- Squibb Co. COM 110122108 642 11016 SH SOLE 11016
Caterpillar Inc. COM 149123101 421 12430 SH SOLE 12430
Central Parking Corp. COM 154785109 4395 185538 SH SOLE 185538
Chaus COM 162510200 10 14536 SH SOLE 14536
Cisco Systems, Inc. COM 17275R102 16462 258989 SH SOLE 258989
CitiGroup, Inc COM 172967101 682 11325 SH SOLE 11325
Clayton Homes Inc. COM 184190106 199 24873 SH SOLE 24873
Coca Cola Co. COM 191216100 1713 29818 SH SOLE 29818
Compaq Computer Corp. COM 204493100 851 33300 SH SOLE 33300
Computer Sciences Corp. COM 205363104 4109 55010 SH SOLE 55010
Conoco Inc. COM 208251306 1965 89325 SH SOLE 89325
Crescent Real Estate Equities COM 225756105 206 10050 SH SOLE 10050
Dollar General Corp. COM 256669102 756 38756 SH SOLE 38756
Dover Corp. COM 260003108 398 9800 SH SOLE 9800
Duke Power Co. COM 264399106 572 10139 SH SOLE 10139
Electronic Data Systems Corp. COM 285661104 326 7900 SH SOLE 7900
Eli Lilly & Co. COM 532457108 572 5728 SH SOLE 5728
Exxon - Mobil COM 30231G102 5552 70731 SH SOLE 70731
Federal National Mortgage Assn COM 313586109 2911 55780 SH SOLE 55780
First Union Corp. COM 337358105 322 12982 SH SOLE 12982
GTE Corp. COM 362320103 1237 19875 SH SOLE 19875
General Electric Co. COM 369604103 15508 292606 SH SOLE 292606
HCA - The Healthcare Co. COM 404119109 22099 727530 SH SOLE 727530
Halliburton Co. COM 406216101 1115 23625 SH SOLE 23625
HealthStream Inc. COM 42222n103 540 98200 SH SOLE 98200
Hewlett Packard Co. COM 428236103 1296 10376 SH SOLE 10376
Home Depot Inc. COM 437076102 13425 268845 SH SOLE 268845
Honeywell International, Inc. COM 438516106 1293 38387 SH SOLE 38387
Intel Corp. COM 458140100 28767 215179 SH SOLE 215179
International Business Machine COM 459200101 6893 62910 SH SOLE 62910
Johnson and Johnson Inc. COM 478160104 5274 51767 SH SOLE 51767
Lifepoint Hospitals, Inc. COM 53219l109 843 37890 SH SOLE 37890
Longview Fibre Co. COM 543213102 138 12500 SH SOLE 12500
Lucent Technologies, Inc. COM 549463107 7292 123076 SH SOLE 123076
MCI Worldcom, Inc. COM 55268b106 2410 52537 SH SOLE 52537
McDonalds Corp. COM 580135101 1510 45846 SH SOLE 45846
Medtronic COM 585055106 971 19500 SH SOLE 19500
Merck & Company Inc. COM 589331107 3502 45697 SH SOLE 45697
Merrill Lynch & Co. Inc. COM 590188108 230 2000 SH SOLE 2000
Microsoft Corporation COM 594918104 6274 78420 SH SOLE 78420
Molex Inc. - Class A COM 608554200 6831 195163 SH SOLE 195163
National Commerce Bancorporati COM 635449101 162 10108 SH SOLE 10108
Nokia COM 654902204 811 16240 SH SOLE 16240
Omnicom Group COM 681919106 264 2963 SH SOLE 2963
Pfizer Inc. COM 717081103 3484 72591 SH SOLE 72591
Pharmacia, Inc. COM 71713u102 564 10908 SH SOLE 10908
Procter & Gamble Co. COM 742718109 255 4460 SH SOLE 4460
Reliant Energy Inc. COM 75952j108 232 7850 SH SOLE 7850
Republic Services Inc COM 760759100 2150 134350 SH SOLE 134350
Reuters Holdings PLC COM 761324201 416 4159 SH SOLE 4159
Royal Dutch Petroleum Co. COM 780257804 431 7000 SH SOLE 7000
SBC Communications, Inc. COM 78387g103 2032 46983 SH SOLE 46983
Schering Plough Corp. COM 806605101 879 17408 SH SOLE 17408
Schlumberger Ltd. COM 806857108 7059 94593 SH SOLE 94593
Servicemaster Co. COM 81760n109 533 46837 SH SOLE 46837
Shoneys Inc. COM 825039100 435 348376 SH SOLE 348376
Sprint Corp FON Group COM 852061100 1163 22800 SH SOLE 22800
Sun Microsystems, Inc. COM 866810104 218 2400 SH SOLE 2400
SunGard Data Systems, Inc. COM 867363103 2649 85450 SH SOLE 85450
SunTrust Banks Inc. COM 867914103 1212 26532 SH SOLE 26532
Sysco Corp. COM 871829107 7676 182220 SH SOLE 182220
Texaco Inc. COM 881694103 276 5185 SH SOLE 5185
Torchmark Corp. COM 891027104 272 11000 SH SOLE 11000
Transocean Sedco Forex Inc. COM G90078109 958 17922 SH SOLE 17922
Triad Hospitals, Inc. COM 89579k109 916 37890 SH SOLE 37890
Tyco International, Ltd. COM 902124106 10037 211870 SH SOLE 211870
United Parcel Service COM 911312106 1738 29455 SH SOLE 29455
United Technologies Corp. COM 913017109 2449 41600 SH SOLE 41600
Wal Mart Stores Inc. COM 931142103 10292 178611 SH SOLE 178611
Walt Disney Co. COM 254687106 2066 53219 SH SOLE 53219
Morgan Stanley PERQ 6% (Home D PFD CV 61744y777 1123 88100 SH SOLE 88100
Morgan Stanley PERQ 6%-(Cisco PFD CV 61744Y801 1365 186625 SH SOLE 186625
Morgan Stanley PERQ 6%-(SunMic PFD CV 617446240 1885 215400 SH SOLE 215400
Morgan Stanley PERQ-(MCI World PFD CV 617446257 2215 322125 SH SOLE 322125
Morgan Stanley PERQS-EMC Corp. PFD CV 61744y835 1438 56400 SH SOLE 56400
Morgan Stanley PERQS-Oracle Sy PFD CV 61744y876 620 23400 SH SOLE 23400
American Retirement Corp. Subo CONV 028913aa9 3483 5338000 PRN SOLE 5338000
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