UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Quarter Ended: March 31, 1999
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: Bridges Investment Counsel, Inc.
Address: 8401 West Dodge Road, Suite 256
Omaha, Nebraska, 68114
13F File Number: 28-4936
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: Edson L. Bridges II
Title: President
Phone: 402-397-4700
Signature, Place, and Date of Signing:
Edson L. Bridges II Omaha, Nebraska 68114 May 13, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
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: 1
Form 13F Information Table Entry Total: 422
Form 13F Information Table Value Total: $689,492,000
List of Other Included Managers:
No. 13F File Number Name
01 * Provident Trust Company
* Our Firm's first Form 13F was filed 3/31/95; we have not yet received a 13F
File Number from the SEC.
<PAGE>
<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> <C>
AIRTOUCH COMM CONV PFD 4.25% S 00949T308 846 6288 SH SOLE 3000 200 3088
592 4400 SH DEFINED 01 4400
CENDANT CORP 7.50% CV SERIES I 151313301 288 10000 SH SOLE 1900 8100
169 5850 SH DEFINED 01 5850
4 150 SH OTHER 150
ABBOTT LABS COM 002824100 6411 136940 SH SOLE 15000 53200 68740
4936 105450 SH DEFINED 01 5900 99550
AIRTOUCH COMMUNICATION COM 00949T100 5072 52489 SH SOLE 8000 20700 23789
2734 28300 SH DEFINED 01 4450 23850
ALBERTSONS INC COM 013104104 834 15320 SH SOLE 5000 320 10000
403 7400 SH DEFINED 01 7400
ALIANT COMMUNICATIONS 016090102 519 12680 SH DEFINED 01 12680
ALLIEDSIGNAL INC COM 019512102 10 200 SH SOLE 200
355 7216 SH DEFINED 01 7216
ALLSTATE CORP COM 020002101 27 734 SH SOLE 734
17 462 SH DEFINED 01 462
ALTERA CORP COM 021441100 2004 33675 SH SOLE 2000 16800 14875
292 4900 SH DEFINED 01 1500 3400
AMERICA FIRST MORTGAGE INVESTM 023934102 75 16415 SH DEFINED 01 16415
AMERICA ONLINE INC COM 02364j104 9922 67500 SH SOLE 7000 25000 35500
4491 30550 SH DEFINED 01 5600 24950
AMERICAN ELEC PWR INC COM 025537101 48 1200 SH SOLE 1200
40 1000 SH DEFINED 01 1000
AMERICAN EXPRESS CO COM 025816109 1754 14900 SH SOLE 2000 4000 8900
265 2250 SH DEFINED 01 600 1650
AMERICAN GENERAL CORP COM 026351106 120 1700 SH SOLE 1700
46 647 SH DEFINED 01 647
AMERICAN GOLF CAR INC COM 026699991 100 100000 SH DEFINED 01 100000
AMERICAN HOME PRODS CP COM 026609107 3328 51005 SH SOLE 51005
2031 31120 SH DEFINED 01 31120
AMERICAN INTL GROUP COM 026874107 5899 48906 SH SOLE 2500 18168 28238
1805 14962 SH DEFINED 01 1500 13462
AMERICAN STATES WATER CO COM 029899101 478 19692 SH SOLE 19692
AMERITECH CORP NEW COM 030954101 227 3944 SH SOLE 3944
425 7372 SH DEFINED 01 7372
AMGEN INC COM 031162100 3193 42650 SH SOLE 6000 13800 22850
626 8354 SH DEFINED 01 1000 7354
ANHEUSER BUSCH COS INC COM 035229103 2275 29884 SH DEFINED 01 29884
AT HOME CORPORATION 045919107 1469 9325 SH SOLE 1000 3200 5025
350 2225 SH DEFINED 01 2225
AT&T CORP COM 001957109 204 2555 SH SOLE 2555
163 2043 SH DEFINED 01 2043
ATLANTIC RICHFIELD CO COM 048825103 1353 18500 SH SOLE 4000 7000 7500
937 12820 SH DEFINED 01 12820
AUTOMATIC DATA PROCESSING COM 053015103 33 800 SH SOLE 800
1146 27700 SH DEFINED 01 27700
BANK ONE CORP COM 06423A103 306 5565 SH SOLE 212 5353
162 2948 SH DEFINED 01 2948
BANKAMERICA CORPORATION 06605F102 40 572 SH SOLE 572
141 2000 SH DEFINED 01 2000
BANTA CORP COM 066821109 171 9000 SH SOLE 9000
305 16030 SH DEFINED 01 16030
BAUSCH & LOMB INC COM 071707103 205 3150 SH SOLE 3150
BECTON DICKINSON & CO COM 075887109 276 7200 SH SOLE 7200
BELL ATLANTIC CORP COM 077853109 166 3220 SH SOLE 3220
141 2734 SH DEFINED 01 2734
BELLSOUTH CORP COM 079860102 228 5700 SH SOLE 200 5500
646 16136 SH DEFINED 01 16136
BERKSHIRE HATHAWAY INC CLASS A 084670108 6069 85 SH SOLE 85
32630 457 SH DEFINED 01 457
BERKSHIRE HATHAWAY INC CLASS B 084670207 736 313 SH SOLE 210 103
865 368 SH DEFINED 01 368
12 5 SH OTHER 5
BOEING CO COM 097023105 5542 163010 SH SOLE 12000 21300 129710
2273 66844 SH DEFINED 01 66844
22 650 SH OTHER 650
BP AMOCO PLC SPONS ADR 055622104 2285 22626 SH SOLE 6616 16010
1989 19694 SH DEFINED 01 19694
BRISTOL MYERS SQUIBB COM 110122108 1922 29980 SH SOLE 8000 2100 19880
2933 45740 SH DEFINED 01 45740
26 400 SH OTHER 400
BUCKEYE PARTNERS L P UNIT LTD 118230101 431 15800 SH SOLE 15800
599 21980 SH DEFINED 01 21980
BURLINGTON NORTHN INC COM 12189T104 109 3312 SH SOLE 3312
254 7734 SH DEFINED 01 7734
BURLINGTON RES INC COM 122014103 82 2043 SH SOLE 2043
28 700 SH DEFINED 01 700
CAMPBELL SOUP CO COM 134429109 2812 69110 SH DEFINED 01 69110
CAPITAL ONE FINANCIAL COM 14040H105 10649 70525 SH SOLE 11000 22500 37025
4685 31025 SH DEFINED 01 4350 26675
CARDINAL HEALTH INC COM 14149Y108 1706 25850 SH SOLE 2000 14200 9650
401 6074 SH DEFINED 01 2599 3475
CATERPILLAR INC DEL COM 149123101 496 10800 SH SOLE 10000 800
CENTRAL & SOUTH WEST CORP COM 152357109 75 3211 SH SOLE 3211
30 1300 SH DEFINED 01 1300
CHANCELLOR MEDIA CORP COM 158915108 613 13000 SH SOLE 2000 4000 7000
9 200 SH DEFINED 200
CHASE MANHATTAN CORP COM 16161A108 643 7902 SH SOLE 2000 3000 2902
155 1900 SH DEFINED 01 1900
CHEVRON CORPORATION COM 166751107 4276 48184 SH SOLE 10000 13650 24534
2645 29798 SH DEFINED 01 2000 27798
35 400 SH OTHER 400
CINTAS CORP COM 172908105 1294 19800 SH SOLE 4000 7300 8500
CISCO SYS INC COM 17275R102 9391 85711 SH SOLE 9000 30062 46524
3783 34527 SH DEFINED 01 7660 26867
CITIGROUP COM 172967101 738 11549 SH SOLE 4250 7299
333 5219 SH DEFINED 01 625 4594
24 375 SH OTHER 375
CITIZENS UTILS CO DEL CL B 177342995 116 15000 SH DEFINED 01 15000
CITIZENS UTILS CO DEL CL B 177342201 156 20092 SH SOLE 20092
CLEAR CHANNEL COMMUNICATIONS I 184502102 3397 50650 SH SOLE 10000 18000 22650
1187 17700 SH DEFINED 01 3550 14150
CLOROX CO DEL COM 189054109 434 3700 SH SOLE 3700
COCA COLA CO COM 191216100 922 15025 SH SOLE 1000 14025
6543 106602 SH DEFINED 01 1000 105602
12 200 SH OTHER 200
COLGATE PALMOLIVE CO COM 194162103 184 2000 SH SOLE 2000
74 800 SH DEFINED 01 800
COMCAST CORP CL A SPL 200300200 4733 75200 SH SOLE 3000 34000 38200
1064 16908 SH DEFINED 01 3900 13008
COMPAQ COMPUTER CORP COM 204493100 4416 139345 SH SOLE 10000 68650 60695
449 14154 SH DEFINED 01 500 13654
CONAGRA INC COM 205887102 870 33934 SH SOLE 33934
1744 68053 SH DEFINED 01 200 67853
15 600 SH OTHER 600
CONSOLIDATED PAPERS COM 209759109 108 4600 SH SOLE 4600
89 3800 SH DEFINED 01 3800
CORNERSTONE REALTY INCOME 21922V102 8 800 SH SOLE 800
46 4300 SH DEFINED 01 4300
CORNING INC COM 219350105 72 1200 SH SOLE 1200
CSG SYSTEMS INTERNATIONAL INC 126349109 1747 44300 SH SOLE 11000 19500 13800
607 15400 SH DEFINED 01 3500 11900
DAYTON HUDSON CORP COM 239753106 1636 24553 SH SOLE 15000 9553
1412 21200 SH DEFINED 01 21200
DELL COMPUTER COM 247025109 1626 39780 SH SOLE 3000 27100 9430
552 13500 SH DEFINED 01 2400 11100
4 100 SH OTHER 100
DISNEY WALT CO DEL COM 254687106 6377 204880 SH SOLE 22000 65780 117100
3500 112441 SH DEFINED 01 15300 97141
19 600 SH OTHER 600
DOW CHEM CO COM 260543103 1242 13331 SH SOLE 5000 100 8231
1329 14262 SH DEFINED 01 14262
DU PONT E I DE NEMOURS COM 263534109 1037 17852 SH SOLE 8000 9852
5119 88162 SH DEFINED 01 88162
E M C CORP MASS COM 268648102 5522 43225 SH SOLE 8000 15700 19525
990 7750 SH DEFINED 01 1000 6750
E*TRADE GROUP 269246104 700 12000 SH SOLE 2000 5000 5000
EAGLE USA AIRFREIGHT INC 270018104 4543 139800 SH SOLE 22000 58700 59100
2443 75175 SH DEFINED 01 13450 61725
EASTMAN KODAK CO COM 277461109 435 6814 SH SOLE 6814
182 2855 SH DEFINED 01 2855
ELAN PLC ADR 284131208 6255 89675 SH SOLE 10000 27500 52175
1435 20575 SH DEFINED 01 2300 18275
EMERSON ELEC CO COM 291011104 95 1800 SH SOLE 1800
64 1200 SH DEFINED 01 1200
EQUITY RESIDENTIAL PROPS TR 29476L107 68 1650 SH SOLE 300 1350
78 1900 SH DEFINED 01 1900
ERICSSON L M TEL CO ADR CL B S 294821400 1469 61700 SH SOLE 41000 20700
271 11400 SH DEFINED 01 5800 5600
EXXON CORP COM 302290101 3290 46629 SH SOLE 8000 10400 28229
1932 27386 SH DEFINED 01 2800 24586
14 200 SH OTHER 200
FDX CORP COM 31304N107 4915 52850 SH SOLE 23900 28950
646 6950 SH DEFINED 01 2600 4350
FEDERAL NATL MTG ASSN COM 313586109 2802 40460 SH SOLE 20560 19900
145 2100 SH DEFINED 01 2100
55 800 SH OTHER 800
FINOVA 317928109 379 7300 SH SOLE 2000 300 5000
116 2242 SH DEFINED 01 2242
FIRST DATA CORP COM 319963104 1715 40126 SH SOLE 4000 36126
1194 27930 SH DEFINED 01 5900 22030
21 500 SH OTHER 500
FIRST NATIONAL OF NEBRASKA INC 335720108 3156 1052 SH SOLE 230 468 354
3000 1000 SH DEFINED 01 27 973
FIRST UNION CORP 337358105 5948 111314 SH SOLE 130 111184
134 2500 SH DEFINED 01 2500
5 100 SH OTHER 100
FISERV INC WISCONSIN COM 337738108 362 6750 SH SOLE 3750 3000
FORD MOTOR CO COM 345370100 85 1500 SH SOLE 1500
174 3073 SH DEFINED 01 3073
FPL GROUP INC COM 302571104 48 900 SH SOLE 900
72 1357 SH DEFINED 01 1357
FREDDIE MAC COM 313400301 13148 229415 SH SOLE 30000 87640 111775
5269 91940 SH DEFINED 01 12600 79340
GANNETT INC COM 364730101 1890 30000 SH SOLE 8000 12000 10000
813 12900 SH DEFINED 01 12900
GAP INC DEL COM 364760108 16110 239325 SH SOLE 30000 103950 105375
5287 78540 SH DEFINED 01 8850 69690
GATEWAY 2000 INC COM 367833100 62 900 SH SOLE 900
27 400 SH DEFINED 01 400
GENERAL ELEC CO COM 369604103 8612 77852 SH SOLE 8000 10950 58902
5435 49130 SH DEFINED 01 1400 47730
GENERAL MILLS INC COM 370334104 15 200 SH SOLE 200
117 1550 SH DEFINED 01 1550
GENERAL MOTORS CORP COM 370442105 244 2808 SH SOLE 2808
590 6783 SH DEFINED 01 6783
GILLETTE CO COM 375766102 2567 43182 SH SOLE 2200 40982
352 5930 SH DEFINED 01 600 5330
12 200 SH OTHER 200
GTE CORP COM 362320103 388 6408 SH SOLE 6408
679 11229 SH DEFINED 01 11229
24 400 SH OTHER 400
GULFSTREAM AEROSPACE CORP 402734107 1784 41125 SH SOLE 6000 16800 18325
802 18500 SH DEFINED 01 5800 12700
HALLIBURTON CO COM 406216101 192 5000 SH SOLE 5000
38 1000 SH DEFINED 01 1000
HALTER MARINE GROUP INC COM 40642Y105 27 4698 SH SOLE 4698
18 3181 SH DEFINED 01 3181
HELMERICH & PAYNE 423452101 231 10200 SH SOLE 10000 200
89 3940 SH DEFINED 01 3940
5 200 SH OTHER 200
HEWLETT PACKARD CO COM 428236103 1536 22650 SH SOLE 6000 16650
607 8950 SH DEFINED 01 500 8450
HNC SOFTWARE INC COM 40425P107 3747 114400 SH SOLE 16000 41500 56900
2161 66000 SH DEFINED 01 11700 54300
13 400 SH OTHER 400
HOME DEPOT INC COM 437076102 6539 105050 SH SOLE 18000 39250 47700
2201 35352 SH DEFINED 01 5152 30200
12 200 SH OTHER 200
I2 TECHNOLOGIES, INC. 465754109 507 19050 SH SOLE 5000 6500 7550
124 4650 SH DEFINED 01 1000 3650
ING GROEP N.V. 456837103 5768 105000 SH DEFINED 01 105000
INTEL CORP. 458140100 9919 83440 SH SOLE 10000 31780 41660
4833 40660 SH DEFINED 01 6260 34400
12 100 SH OTHER 100
INTERNATIONAL BUS MACH COM 459200101 432 2437 SH SOLE 2437
438 2470 SH DEFINED 01 2470
35 200 SH OTHER 200
INTERPUBLIC GROUP COS COM 460690100 989 12700 SH SOLE 2000 4000 6700
62 800 SH DEFINED 01 800
JOHNSON & JOHNSON COM 478160104 3636 38886 SH SOLE 10000 14750 14136
2524 27000 SH DEFINED 01 2800 24200
JUSTIN INDS INC COM 482171105 115 10500 SH SOLE 10500
226 20550 SH DEFINED 01 20550
KIMBERLY CLARK CORP COM 494368103 48 1000 SH SOLE 1000
38 800 SH DEFINED 01 800
KIMCO REALTY CORP COM 49446r109 50 1350 SH SOLE 200 1150
74 2000 SH DEFINED 01 2000
KINDER MORGAN ENERGY PARTNERS 494550106 103 2988 SH SOLE 2988
284 8201 SH DEFINED 01 8201
LEGGETT & PLATT INC COM 524660107 3228 161400 SH SOLE 161400
1256 62800 SH DEFINED 01 62800
LEVEL 3 COMMUNICATIONS 52729N100 5780 79375 SH SOLE 12000 23700 43675
3894 53481 SH DEFINED 01 7200 46281
29 400 SH OTHER 400
LILLY ELI & CO COM 532457108 611 7200 SH SOLE 200 7000
373 4400 SH DEFINED 01 4400
8 100 SH OTHER 100
LOEWS CORP COM 540424108 142 1900 SH DEFINED 01 1900
LUCENT TECHNOLOGIES COM 549463107 334 3088 SH SOLE 100 2988
383 3548 SH DEFINED 01 3548
MBIA INC COM 55262C100 4127 71150 SH SOLE 8000 29900 33250
1416 24415 SH DEFINED 01 2600 21815
MBNA CORP COM 55262L100 2496 104554 SH SOLE 15000 71350 18204
589 24686 SH DEFINED 01 6261 18425
MCDONALDS CORP COM 580135101 178 3920 SH SOLE 440 3480
553 12202 SH DEFINED 01 12202
45 1000 SH OTHER 1000
MCI WORLDCOM INC COM 55268B106 11944 134865 SH SOLE 13000 54580 67160
5342 60318 SH DEFINED 01 11500 48818
MEDIAONE GROUP INC COM 58440J104 393 6194 SH SOLE 6194
597 9408 SH DEFINED 01 9408
MEDTRONIC INC 585055106 107 1490 SH SOLE 1030 460
81 1130 SH DEFINED 01 1130
MELLON BK CORP COM 585509102 1698 24125 SH SOLE 13000 11125
130 1850 SH DEFINED 01 1850
MEMBERWORKS INC COM 586002107 9240 254900 SH DEFINED 01 254900
MERCK & CO INC COM 589331107 13023 162539 SH SOLE 16000 40760 105779
5458 68114 SH DEFINED 01 6000 62114
48 600 SH OTHER 600
MERRILL LYNCH & CO INC COM 590188108 1197 13525 SH SOLE 3000 3000 7400
323 3650 SH DEFINED 01 100 3550
MGIC INVESTMENT CORP COM 552848103 1336 38100 SH SOLE 4000 22400 11700
338 9650 SH DEFINED 01 1650 8000
MICROSOFT CORP COM 594918104 18514 206567 SH SOLE 20000 73892 112675
7246 80850 SH DEFINED 01 14960 65890
MIDAMERICAN ENERGY HOLDINGS CO 59562v107 48 1700 SH SOLE 1700
252 8985 SH DEFINED 01 85 8900
MIDWEST U-TEST-M INC 598398907 10 10050 SH DEFINED 01 10050
MINNESOTA MNG & MFG CO COM 604059105 221 3122 SH SOLE 3122
403 5700 SH DEFINED 01 5700
MOBIL CORP COM 607059102 1587 18032 SH SOLE 4000 14032
1294 14710 SH DEFINED 01 1400 13310
MONSANTO CO 611662107 919 20000 SH SOLE 10000 10000
1150 25025 SH DEFINED 01 25025
MONTANA POWER CO COM 612085100 81 1100 SH SOLE 1100
100 1354 SH DEFINED 01 1354
MORGAN STANLEY, DEAN WITTER, D 617446448 2709 27106 SH SOLE 3000 13000 11106
385 3850 SH DEFINED 01 800 3050
MOTOROLA INC COM 620076109 571 7800 SH SOLE 7800
662 9040 SH DEFINED 01 9040
29 400 SH OTHER 400
NETWORK ASSOCIATES INC COM 640938106 1255 40887 SH SOLE 4500 18700 17437
424 13825 SH DEFINED 01 2450 11375
9 300 SH OTHER 300
NIKE INC CL B 654106103 4315 74800 SH SOLE 5000 35450 34350
869 15060 SH DEFINED 01 3860 11200
NOKIA CORP SPONSORED ADR 654902204 4758 30550 SH SOLE 6000 10150 14400
1682 10800 SH DEFINED 01 2600 8200
NUCOR CORP COM 670346105 1652 37500 SH SOLE 4500 18650 14350
430 9750 SH DEFINED 01 2900 6850
OPPORTUNITY CAPITAL FUND L.P. 682500905 1012 147 SH DEFINED 01 147
ORACLE CORP COM 68389X105 541 20512 SH SOLE 750 19762
95 3600 SH DEFINED 01 3600
OUTDOOR SYSTEMS 690057104 2139 71300 SH SOLE 19050 19600 32650
860 28675 SH DEFINED 01 5750 22925
P G & E CORPORATIOIN COM 69331C108 57 1824 SH SOLE 1824
239 7678 SH DEFINED 01 7678
PAYCHEX INC 704326107 474 10000 SH SOLE 1000 7000 2000
PENNEY J C INC COM 708160106 196 4850 SH SOLE 4850
128 3160 SH DEFINED 01 3160
PEPSICO INC COM 713448108 6476 165244 SH SOLE 24000 51700 89544
2930 74779 SH DEFINED 01 7700 67079
24 600 SH OTHER 600
PFIZER INC COM 717081103 1393 10040 SH SOLE 8740 1300
672 4843 SH DEFINED 01 300 4543
PHILIP MORRIS COS INC COM 718154107 2008 57060 SH SOLE 20000 28620 8440
1740 49455 SH DEFINED 01 2700 46755
21 600 SH OTHER 600
PHILLIPS PETROLEUM CO COM 718507106 25 520 SH SOLE 520
143 3023 SH DEFINED 01 3023
PIMCO ADVISORS HOLDINGS L.P. 69338P102 138 4400 SH SOLE 4400
415 13200 SH DEFINED 01 13200
16 500 SH OTHER 500
PLUM CREEK TIMBER DEPOSITARY U 729237107 315 11050 SH SOLE 11050
433 15200 SH DEFINED 01 15200
PROCTER & GAMBLE CO COM 742718109 3085 31500 SH SOLE 10000 21500
1479 15100 SH DEFINED 01 15100
PROMUS HOTEL CORP COM 74342P106 12 323 SH SOLE 323
PROVIDIAN FINANCIAL 74406A102 1116 10150 SH SOLE 2000 4150 4000
QUAKER OATS CO COM 747402105 56 900 SH SOLE 900
77 1230 SH DEFINED 01 1230
QUALCOMM INC COM 747525103 3619 29100 SH SOLE 5000 11800 12300
1147 9225 SH DEFINED 01 1400 7825
25 200 SH OTHER 200
QWEST COMMUNICATIONS INTL 749121109 1282 17783 SH SOLE 5583 12200
245 3400 SH DEFINED 01 3400
R & B FALCON CORPORATION COM 74912E101 298 34500 SH SOLE 17400 17100
237 27500 SH DEFINED 01 10000 17500
2 200 SH OTHER 200
RCN CORPORATION COM 749361101 326 9700 SH SOLE 1000 5000 3700
30 900 SH DEFINED 01 900
62 1850 SH OTHER 1850
REUTERS GROUP PLC-SPONS ADR 76132M102 4075 46907 SH SOLE 5199 18794 22914
1410 16228 SH DEFINED 01 1500 14728
ROYAL DUTCH PETROLEUM CO COM 780257804 104 2000 SH SOLE 2000
222 4268 SH DEFINED 01 4268
RUBY TUESDAY INC COM 781182100 102 5898 SH SOLE 5898
156 9000 SH DEFINED 01 9000
SBC COMMUNICATIONS INC COM 78387G103 754 15976 SH SOLE 200 15776
1388 29422 SH DEFINED 01 29422
SCHERING PLOUGH CORP COM 806605101 133 2400 SH SOLE 2400
SCHLUMBERGER LTD COM 806857108 241 4000 SH SOLE 4000
794 13200 SH DEFINED 01 13200
12 200 SH OTHER 200
SCHWAB CHARLES CORP COM 808513105 278 2887 SH SOLE 1800 1087
151 1575 SH DEFINED 01 1575
SIMON PROPERTY GROUP INC COM 828806109 51 1850 SH SOLE 350 1500
58 2125 SH DEFINED 01 2125
SMITHKLINE BEECHAM PLC ADR REP 832378301 129 1800 SH SOLE 1800
SOLECTRON CORP COM 834182107 5463 112500 SH SOLE 12000 54400 46100
2302 47400 SH DEFINED 01 10800 36600
SPRINT CORP COM 852061100 994 10132 SH SOLE 5000 5132
686 6990 SH DEFINED 01 6990
SPRINT PCS CORP 852061506 224 5065 SH SOLE 2500 2565
155 3494 SH DEFINED 01 3494
STATE STREET CORP COM 857477103 6066 73750 SH SOLE 8000 32775 32975
2959 35970 SH DEFINED 01 3870 32100
STERIS CORP COM 859152100 389 14600 SH SOLE 6000 6600 2000
27 1000 SH DEFINED 01 1000
STORAGE USA INC COM 861907103 95 3350 SH SOLE 350 3000
62 2175 SH DEFINED 01 2175
SUN MICROSYSTEMS INC COM 866810104 2614 20900 SH SOLE 2000 5200 13600
438 3500 SH DEFINED 01 3500
SUNGARD DATA SYSTEMS 867363103 640 16000 SH SOLE 5000 11000
66 1650 SH DEFINED 01 1650
SYLVAN LEARNING SYSTEM COM 871399101 951 34750 SH SOLE 7500 13250 14000
165 6025 SH DEFINED 01 3000 3025
TEPPCO PARTNERS L P UT LTD PAR 872384102 20 800 SH SOLE 800
76 3000 SH DEFINED 01 3000
TEXACO INC COM 881694103 270 4763 SH SOLE 100 4663
869 15314 SH DEFINED 01 15314
TEXAS INSTRUMENTS INC COM 882508104 50 500 SH DEFINED 500
TEXAS UTILITIES CO COM 882848104 170 4050 SH SOLE 400 3650
118 2820 SH DEFINED 01 2820
TIME WARNER INC COM 887315109 276 3896 SH SOLE 3896
130 1840 SH DEFINED 01 1840
TRANSACTION SYSTEMS ARCHITECTS 893416107 6442 178950 SH SOLE 25000 63200 90550
2824 78450 SH DEFINED 01 11100 67350
18 500 SH OTHER 500
TRINITY INDS INC COM 896522109 275 9345 SH SOLE 9345
291 9900 SH DEFINED 01 9900
TYCO INTERNATIONAL 902124106 1420 19796 SH SOLE 300 19496
1188 16564 SH DEFINED 01 16564
U S WEST INC (NEW) COM 91273H101 786 14279 SH SOLE 500 13779
1098 19936 SH DEFINED 01 19936
U.S. BANCORP COM (NEW) 902973106 3566 104703 SH SOLE 2000 40180 62323
4711 138314 SH DEFINED 01 138314
UNION CAMP CORP COM 905530101 181 2700 SH DEFINED 01 2700
UNION PACIFIC CORP COM 907818108 510 9548 SH SOLE 4000 5548
1565 29289 SH DEFINED 01 29289
UNION PACIFIC RESOURCES GROUP 907834105 26 2154 SH SOLE 2154
268 22607 SH DEFINED 01 22607
UNITED TECHNOLOGIES CP COM 913017109 371 2740 SH SOLE 2740
704 5200 SH DEFINED 01 5200
VODAFONE GROUP PLC SPONSORED A 92857T107 3497 18625 SH SOLE 3000 7900 7725
743 3960 SH DEFINED 01 860 3100
WAL MART STORES INC COM 931142103 655 7100 SH SOLE 200 6900
968 10500 SH DEFINED 01 10500
WARNER LAMBERT CO COM 934488107 60 900 SH SOLE 300 600
533 8040 SH DEFINED 01 8040
WEEKS CORP COM 94856P102 80 2800 SH SOLE 200 2600
63 2200 SH DEFINED 01 2200
6 200 SH OTHER 200
WELLS FARGO & CO DEL COM (NEW) 949746101 4985 142168 SH SOLE 10000 64068 68100
1075 30670 SH DEFINED 01 6500 24170
WEST TELESERVICES 956188106 3745 440550 SH SOLE 50000 164300 226000
1915 225305 SH DEFINED 01 38400 186905
WEYERHAEUSER CO COM 962166104 39 700 SH SOLE 700
78 1400 SH DEFINED 01 1400
WILLIAMS COS INC DEL COM 969457100 79 1998 SH DEFINED 01 1998
WILLIAMS SONOMA INC COM 969904101 48 1700 SH SOLE 1400 300
17 600 SH DEFINED 01 600
XEROX CORP COM 984121103 240 4600 SH SOLE 4600
407 7800 SH DEFINED 01 7800
WEST TELESERVICES 956188106 14764 1736967 SH DEFINED 01 1736967
ASH GROVE CEMENT CO 043693100 1006 10400 SH SOLE 10400
ASH GROVE CEMENT CO - CLASS B 043693308 1006 10400 SH SOLE 10400
FIRST NATIONAL OF NEBRASKA INC 31488 10496 SH SOLE 10496
OMAHA JEWELRY CORP 514 103 SH SOLE 103
PROVIDENT TRUST COMPANY 743945107 438 27762 SH SOLE 27762
428 27151 SH DEFINED 01 27151
</TABLE>