<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 391 21200 SH SOLE 21200
AT&T Corp. Liberty Media Group COM 001957208 3353 186284 SH SOLE 186284
Abbott Laboratories Corp. COM 002824100 219 4600 SH SOLE 4600
AmSouth Bancorporation COM 032165102 1496 119648 SH SOLE 119648
American Express Co. COM 025816109 923 15195 SH SOLE 15195
American General Corp. COM 026351106 3607 46243 SH SOLE 46243
American Home Products Corp. COM 026609107 524 9267 SH SOLE 9267
American International Group I COM 026874107 3651 38153 SH SOLE 38153
American Retirement Corp. COM 028913101 244 48650 SH SOLE 48650
Amgen Inc. COM 031162100 6044 86550 SH SOLE 86550
Automatic Data Processing Inc. COM 053015103 5871 87788 SH SOLE 87788
BP Amoco LP COM 055622104 1005 18954 SH SOLE 18954
Baker Hughes, Inc. COM 057224107 496 13365 SH SOLE 13365
BankAmerica Corp. COM 060505104 346 6603 SH SOLE 6603
BellSouth Corp. COM 079860102 488 12114 SH SOLE 12114
Berkshire Hathaway Class B COM 084670207 3399 1642 SH SOLE 1642
Berkshire Hathaway Inc. COM 084670108 1610 25 SH SOLE 25
Biomet Inc. COM 090613100 1979 56549 SH SOLE 56549
Bristol Myers- Squibb Co. COM 110122108 655 11466 SH SOLE 11466
Central Parking Corp. COM 154785109 3679 185676 SH SOLE 185676
Chase Manhattan Corp. COM 16161A108 293 6353 SH SOLE 6353
Chaus COM 162510200 8 14536 SH SOLE 14536
Cigna Corp. COM 125509109 292 2800 SH SOLE 2800
Cisco Systems, Inc. COM 17275R102 14375 260189 SH SOLE 260189
CitiGroup, Inc COM 172967101 805 14882 SH SOLE 14882
Clayton Homes Inc. COM 184190106 103 10265 SH SOLE 10265
Coca Cola Co. COM 191216100 1892 34318 SH SOLE 34318
Compaq Computer Corp. COM 204493100 918 33300 SH SOLE 33300
Computer Sciences Corp. COM 205363104 4025 54210 SH SOLE 54210
Conoco Inc. COM 208251306 2287 87525 SH SOLE 87525
Crescent Real Estate Equities COM 225756105 224 10050 SH SOLE 10050
Dell Computer Corp. COM 247025109 441 14300 SH SOLE 14300
Dollar General Corp. COM 256669102 649 38755 SH SOLE 38755
Dover Corp. COM 260003108 460 9800 SH SOLE 9800
Duke Power Co. COM 264399106 779 9089 SH SOLE 9089
Eaton Corp. COM 278058102 394 6401 SH SOLE 6401
Electronic Data Systems Corp. COM 285661104 274 6600 SH SOLE 6600
Eli Lilly & Co. COM 532457108 477 5878 SH SOLE 5878
Exxon - Mobil COM 30231G102 6409 71913 SH SOLE 71913
Federal Express Corp. COM 31428X106 868 19575 SH SOLE 19575
Federal National Mortgage Assn COM 313586109 3702 51780 SH SOLE 51780
First Union Corp. COM 337358105 267 8286 SH SOLE 8286
General Electric Co. COM 369604103 16850 292093 SH SOLE 292093
HCA - The Healthcare Co. COM 404119109 26943 725734 SH SOLE 725734
Halliburton Co. COM 406216101 2331 47625 SH SOLE 47625
HealthStream Inc. COM 42222n103 203 95600 SH SOLE 95600
Hewlett Packard Co. COM 428236103 1016 10477 SH SOLE 10477
Home Depot Inc. COM 437076102 13888 261733 SH SOLE 261733
Honeywell International, Inc. COM 438516106 1720 48287 SH SOLE 48287
Intel Corp. COM 458140100 18344 441358 SH SOLE 441358
International Business Machine COM 459200101 7012 62325 SH SOLE 62325
Johnson and Johnson Inc. COM 478160104 5309 56517 SH SOLE 56517
Lifepoint Hospitals, Inc. COM 53219l109 1344 37869 SH SOLE 37869
Longview Fibre Co. COM 543213102 150 12500 SH SOLE 12500
Lucent Technologies, Inc. COM 549463107 3526 115382 SH SOLE 115382
MCI Worldcom, Inc. COM 55268b106 1654 54437 SH SOLE 54437
Marsh & McLennan Companies, In COM 571748102 239 1800 SH SOLE 1800
McDonalds Corp. COM 580135101 1375 45546 SH SOLE 45546
Medtronic COM 585055106 1021 19700 SH SOLE 19700
Merck & Company Inc. COM 589331107 3417 45902 SH SOLE 45902
Merrill Lynch & Co. Inc. COM 590188108 264 4000 SH SOLE 4000
Microsoft Corporation COM 594918104 4681 77620 SH SOLE 77620
Molex Inc. - Class A COM 608554200 8109 195700 SH SOLE 195700
Nokia COM 654902204 931 23390 SH SOLE 23390
Omnicom Group COM 681919106 216 2963 SH SOLE 2963
Pfizer Inc. COM 717081103 3547 78941 SH SOLE 78941
Philip Morris Companies Inc. COM 718154107 211 7160 SH SOLE 7160
Procter & Gamble Co. COM 742718109 252 3760 SH SOLE 3760
Reliant Energy Inc. COM 75952j108 295 6350 SH SOLE 6350
Republic Services Inc COM 760759100 1721 131100 SH SOLE 131100
Reuters Holdings PLC COM 761324201 467 4159 SH SOLE 4159
Royal Dutch Petroleum Co. COM 780257804 366 6100 SH SOLE 6100
SBC Communications, Inc. COM 78387g103 2312 46241 SH SOLE 46241
Schering Plough Corp. COM 806605101 809 17408 SH SOLE 17408
Schlumberger Ltd. COM 806857108 7731 93918 SH SOLE 93918
Servicemaster Co. COM 81760n109 443 44837 SH SOLE 44837
Shoneys Inc. COM 825039100 240 348376 SH SOLE 348376
Sprint Corp FON Group COM 852061100 297 10129 SH SOLE 10129
Sun Microsystems, Inc. COM 866810104 286 2450 SH SOLE 2450
SunGard Data Systems, Inc. COM 867363103 3573 83450 SH SOLE 83450
SunTrust Banks Inc. COM 867914103 1318 26464 SH SOLE 26464
Sysco Corp. COM 871829107 9299 200795 SH SOLE 200795
Texaco Inc. COM 881694103 221 4217 SH SOLE 4217
Torchmark Corp. COM 891027104 306 11000 SH SOLE 11000
Transocean Sedco Forex Inc. COM G90078109 1050 17910 SH SOLE 17910
Triad Hospitals, Inc. COM 89579k109 1112 37869 SH SOLE 37869
Tyco International, Ltd. COM 902124106 10904 210195 SH SOLE 210195
United Parcel Service COM 911312106 1661 29455 SH SOLE 29455
United Technologies Corp. COM 913017109 3826 55250 SH SOLE 55250
Verizon Communicatons COM 92343v104 1580 32621 SH SOLE 32621
Viacom- Cl. B COM 925524308 2394 40930 SH SOLE 40930
Wal Mart Stores Inc. COM 931142103 8626 179238 SH SOLE 179238
Walt Disney Co. COM 254687106 2040 53339 SH SOLE 53339
Morgan Stanley PERQ 6% (Home D PFD CV 61744y777 1126 90100 SH SOLE 90100
Morgan Stanley PERQ 6% (JDS Un PFD CV 61744y769 651 31750 SH SOLE 31750
Morgan Stanley PERQ 6%-(Cisco PFD CV 61744Y801 1694 237725 SH SOLE 237725
Morgan Stanley PERQ 6%-(SunMic PFD CV 617446240 2320 214600 SH SOLE 214600
Morgan Stanley PERQ-(MCI World PFD CV 617446257 1467 321500 SH SOLE 321500
Morgan Stanley PERQS-EMC Corp. PFD CV 61744y835 1719 57300 SH SOLE 57300
Morgan Stanley PERQS-Oracle Sy PFD CV 61744y876 664 23400 SH SOLE 23400
American Retirement Corp. Subo CONV 028913aa9 3503 5248000 PRN SOLE 5248000
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