UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

      Report for the Calendar Year or Quarter Ended: December 31, 2002

      Check here if Amendment [X]; Amendment Number 1

      This Amendment (Check only one): [X] is a restatement

                                       [ ] adds new holdings entries.

      Institutional Investment Manager Filing this Report:

      Name:                     BancorpSouth, Inc.

      Address:                  One Mississippi Plaza
                                201 South Spring Street
                                Tupelo, MS 38804

      Form 13F File Number:     28-10453

      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: Cathy S. Freeman

      Title: Senior Vice President and Corporate Secretary

      Phone: (662) 680-2084

      Signature, Place, and Date of Signing:

      /s/ Cathy S. Freeman         Tupelo, Mississippi        November 15, 2004
      -------------------------------------------------------------------------

      Report Type (Check only one.):

      [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)

      [ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)

      [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)

      List of Other Managers Reporting for this Manager: None.



                              FORM 13F SUMMARY PAGE

      Report Summary:

      Number of Other Included Managers: 1

      Form 13F Information Table Entry Total: 580

      Form 13F Information Table Value Total: $388,383
                                              (thousands)

LIST OF OTHER INCLUDED MANAGERS:

      Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.

      No.               Form 13F File Number               Name
      ---               --------------------               ----
      1                     28-10939               BancorpSouth Bank



                           FORM 13F INFORMATION TABLE



                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER      -----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS      SOLE    SHARED    NONE
    ---------------        -----     -----     --------    -------  ---   ----  ---------- --------      ----    ------    ----
                                                                                          
DAIMLERCHRYSLER AG          ORD    D1668R123         1          49  SH           SOLE         1             49       0        0
GLOBAL SANTAFE CORP                G3930E101       267       10995  SH           SOLE         1           7465       0     3530
INGSOLL-RAND CO CL A               G4776G101       135        3150  SH           SOLE         1           3150       0        0
 BERMUDA
NOBLE CORP                         G65422100        10         300  SH           SOLE         1            300       0        0
TRANSOCEAN SEDCO                   G90078109         6         296  SH           SOLE         1            196       0      100
 FOREX INC
TRANSOCEAN SEDCO                   G90078109         1          77  SH           DEFINED      1             77       0        0
 FOREX INC
ROYAL CARIBBEAN                    V7780T103         3         200  SH           SOLE         1            200       0        0
 CRUISES
A F L A C INC                      001055102       144        4800  SH           SOLE         1           4800       0        0
AGL RESOURCES, INC.                001204106        26        1090  SH           SOLE         1           1090       0        0
AES CORPORATION                    00130H105         3        1000  SH           SOLE         1           1000       0        0
AOL TIME WARNER                    00184A105        64        4895  SH           SOLE         1           4520       0      375
AT&T WIRELESS SVCS INC             00209A106        43        7755  SH           SOLE         1           7227     128      400
AT&T WIRELESS SVCS INC             00209A106         1         192  SH           DEFINED      1            192       0        0
ABBOTT LAB                         002824100      1320       33019  SH           SOLE         1          30009       0     3010
ABBOTT LAB                         002824100       200        5000  SH           DEFINED      1            200    4200      600
AdAMS EXPRESS CO            COM    006212104       102        9692  SH           SOLE         1           9692       0        0
ADAPTEC INC                        00651F108         2         400  SH           SOLE         1            400       0        0
ADVANCED MICRO                     007903107         6        1000  SH           SOLE         1           1000       0        0
 DEVICES INC
ADVANCED MICRO                     007903107         1         200  SH           DEFINED      1            200       0        0
 DEVICES INC
ADVANCED ENVIRON           TCL A   007947104         8        7000  SH           SOLE         1           7000       0        0
 RECYCLING                 
AETNA INC                   COM    00817Y108         8         200  SH           DEFINED      1              0       0      200
AGILENT TECHNOLOGIES,
 INC.                              00846U101        47        2633  SH           SOLE         1           2365     268        0
AGILENT TECHNOLOGIES,
 INC.                              00846U101         1         100  SH           DEFINED      1              0       0      100
AGNICO EAGLE MINES                 008474108         7         500  SH           SOLE         1            500       0        0
ALCOA INC                          013817101       146        6456  SH           SOLE         1           4706       0     1750
ALCOA INC                          013817101         9         400  SH           DEFINED      1            400       0        0
ALLEGHENY ENERGY INC               017361106         1         200  SH           SOLE         1            200       0        0
ALLIANCE CAP MGMT
 HLDG L P                          01855A101        62        2000  SH           DEFINED      1           2000       0        0
ALLIED CAP CORP           NEW COM  01903Q108         6         315  SH           SOLE         1            315       0        0
ALLSTATE CORP COMMON               020002101       221        5992  SH           SOLE         1           5992       0        0
ALLSTATE CORP COMMON               020002101        22         604  SH           DEFINED      1            310       0      294
ALLTEL CORP                        020039103       235        4614  SH           SOLE         1           4614       0        0
ALLTEL CORP                        020039103       555       10900  SH           DEFINED      1          10900       0        0
AMERICAN ELECTRIC
 POWER                             025537101       113        4160  SH           SOLE         1           2760       0     1400
AMERICAN ELECTRIC
 POWER                             025537101         8         318  SH           DEFINED      1            318       0        0
AMER EXPRESS CO                    025816109        98        2800  SH           SOLE         1           2800       0        0
AMERICAN
INTERNATIONAL GROUP,
 INC                               026874107        16         284  SH           SOLE         1            284       0        0
AMERICAN
INTERNATIONAL GROUP,
 INC                               026874107        10         175  SH           DEFINED      1            175       0        0
AMERUS LIFE HOLDINGS               03072M108        20         712  SH           SOLE         1            712       0        0
AMERISOURCEBERGEN CORP             03073E105       259        4780  SH           SOLE         1           3290       0     1490
AMGEN INC                          031162100         4         100  SH           SOLE         1            100       0        0
AMGEN INC                          031162100         9         200  SH           DEFINED      1            200       0        0
AMSOUTH BANCORPORATION             032165102      2441      127222  SH           SOLE         1         127222       0        0
ANADARKO PETE CORP                 032511107        70        1464  SH           DEFINED      1              0    1464        0
ANALOG DEVICES INC          COM    032654105         2         100  SH           SOLE         1            100       0        0
ANHEUSER-BUSCH
 COMPANIES                         035229103      1423       29404  SH           SOLE         1          25234       0     4170
ANHEUSER-BUSCH
 COMPANIES                         035229103       174        3600  SH           DEFINED      1           3600       0        0
ANTHEM INC                         03674B104       230        3660  SH           SOLE         1           2470       0     1190
APARtment INVT & MGMT
 CO                         CL A   03748R101        41        1100  SH           SOLE         1           1100       0        0
APPLE COMP INC                     037833100        45        3200  SH           DEFINED      1           3200       0        0
APPLIED MATERIALS INC              038222105       140       10800  SH           SOLE         1          10800       0        0
AQUILA INC                         03840P102         4        2500  SH          -SOLE         1           2500       0        0
ARCHER-DANIELS-MIDLAND
 COMPANY                           039483102         3         279  SH           SOLE         1            279       0        0
ARVINMERITOR                       043353101         2         168  SH           SOLE         1            168       0        0
AUTO DATA PROCESS                  053015103       204        5200  SH           SOLE         1           5200       0        0
AUTO DATA PROCESS                  053015103       125        3200  SH           DEFINED      1           3200       0        0
AUTOZONE                           053332102        52         750  SH           SOLE         1            750       0        0
AUTOZONE                           053332102        37         530  SH           DEFINED      1            530       0        0
AVAYA INC                          053499109         0         318  SH           SOLE         1            235      83        0
AVOCENT CORP USD            COM    053893103        42        1900  SH           SOLE         1              0    1900        0
AVON PRODUCTS INC           COM    054303102        37         700  SH           SOLE         1            700       0        0
AXA-UAP ADR                        054536107         3         236  SH           SOLE         1            236       0        0
AXCELIS TECHNOLOGIES
 INC                               054540109         7        1414  SH           SOLE         1           1414       0        0
BP AMOCO PLC
 SPONSORED ADR                     055622104       468       11534  SH           SOLE         1          10534       0     1000
BP AMOCO PLC
 SPONSORED ADR                     055622104       192        4736  SH           DEFINED      1           4736       0        0
BAKER HUGHES INC            COM    057224107        16         506  SH           SOLE         1            506       0        0






                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER      -----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS       SOLE   SHARED    NONE
    ---------------        -----     -----     --------    -------  ---   ----  ---------- --------       ----   ------    ----
                                                                                          
BALDOR ELEC CO            COM      057741100     58507     2962387  SH           DEFINED      1         2962387      0        0
BANCORP MS                         05969210X       271       14000  SH           sole         1           14000      0        0
BANCORPSOUTH INC                   059692103     15928      820627  SH           sole         1          813739   5888     1000
BANCORPSOUTH INC                   059692103      2725      140423  SH           DEFINED      1          137157   2592      674
BANK OF AMERICA CORP      NEW COM  060505104       595        8555  SH           SOLE         1            7035      0     1520
BANK OF AMERICA CORP      NEW COM  060505104        49         710  SH           DEFINED      1             710      0        0
BANK OF THE OZARKS,
 INC                               063904106      1080       46100  SH           DEFINED      1           46100      0        0
BANK OF NEW YORK                   064057102       235        9815  SH           SOLE         1            6830      0     2985
BANK ONE CORP             COM      06423A103       119        3268  SH           SOLE         1            3268      0        0
BANK ONE CORP             COM      06423A103        54        1482  SH           DEFINED      1               0   1482        0
BAXTER INTL INC                    071813109       269        9625  SH           SOLE         1            7505      0     2120
BEAR STEARNS COS INC               073902108       505        8507  SH           SOLE         1            6327      0     2180
BED BATH & BEYOND                  075896100         6         200  SH           SOLE         1             200      0        0
BELLSOUTH CORP                     079860102      1072       41468  SH           SOLE         1           38408      0     3060
BELLSOUTH CORP                     079860102        13         532  SH           DEFINED      1             532      0        0
BERKSHIRE HATHAWAY "A"             084670108        72           1  SH           SOLE         1               1      0        0
BERKSHIRE HATHAWAY
 INC                      DEL CL B 084670207         7           3  SH           DEFINED      1               3      0        0
BIOGEN N V                         090597105        10         250  SH           SOLE         1             250      0        0
BIOMARIN
 PHARMACEUTICAL           COM      09061G101        14        2000  SH           SOLE         1               0   2000        0
BIOTRANSPLANT INC         COM      09066Y107         1        4400  SH           SOLE         1               0   4400        0
BLACKROCK INVT
 QUALITY MUNI TR INC               09247D105        41        3000  SH           SOLE         1            3000      0        0
MF BLACKROCK INCOME
 TRUST                             09247F100        18        2400  SH           SOLE         1            2400      0        0
                        QUALITY
BLACKSTONE INVESTMENT  TERM TRUST  09247J102        40        4155  SH           SOLE         1            4155      0        0
BOEING INC                         097023105        48        1480  SH           SOLE         1             880      0      600
BOWATER INC                        102183100       346        8270  SH           SOLE         1            5715      0     2555
BRISTOL MYERS SQUIBB
 CO                                110122108       503       21753  SH           SOLE         1           21753      0        0
BRISTOL MYERS SQUIBB
 CO                                110122108        27        1200  SH           DEFINED      1            1200      0        0
BUCKEYE TECHNOLOGY INC             118255108        19        3100  SH           SOLE         1               0   3100        0
BURLINGTON
NORTHERN/SANTA FE
 CORP                              12189T104        24         930  SH           SOLE         1             930      0        0
CBRL GROUP INC            COM      12489V106        87        2900  SH           SOLE         1            2900      0        0
CEC ENTMT INC                      125137109        26         850  SH           SOLE         1               0    850        0
CLECO CORP                COM      12561W105         4         296  SH           SOLE         1             296      0        0
CNET NETWORKS INC                  12613R104         0         118  SH           SOLE         1             118      0        0
CADBURY SCHWEPPES PLC     ADR      127209302        30        1200  SH           SOLE         1            1200      0        0
CALLAWAY GOLF CO                   131193104         2         200  SH           SOLE         1               0      0      200
CAMPBELL SOUP CO          COM      134429109         9         400  SH           SOLE         1             400      0        0
CAPITAL ONE FINL CORP     COM      14040H105       136        4600  SH           SOLE         1            4600      0        0
CARDINAL HEALTH INC       COM      14149Y108        26         447  SH           SOLE         1             447      0        0
CATERPILLAR INC                    149123101       137        3000  SH           SOLE         1            2500      0      500
CELL PATHWAYS INC                  15114R101         0         100  SH           SOLE         1             100      0        0
CENDANT CORP              COM      151313103        10        1000  SH           SOLE         1            1000      0        0
CENTURYTEL, INC                    156700106       124        4250  SH           SOLE         1            4250      0        0
CERTEGY INC                        156880106         2         100  SH        -  SOLE         1             100      0        0
CHARTER
COMMUNICATIONS INC       DEL CL A  16117M107         0         600  SH           SOLE         1             600      0        0
CHECKPOINT SYSTEMS                 162825103        10        1000  SH           SOLE         1            1000      0        0
CHEVRONTEXACO CORP                 166764100      1100       16553  SH           SOLE         1           15263      0     1290
CHEVRONTEXACO CORP                 166764100        88        1327  SH           DEFINED      1            1327      0        0
CHOICEPOINT INC                    170388102         3          80  SH           SOLE         1              80      0        0
CHRONIMED INC             COM      171164106        41        6800  SH           SOLE         1               0   6800        0
CISCO SYS INC                      17275R102       398       30395  SH           SOLE         1           29995      0      400
CISCO SYS INC                      17275R102        18        1400  SH           DEFINED      1             800      0      600
CITIGROUP, inc                     172967101       778       22140  SH           SOLE         1           19690      0     2450
CITIGROUP, inc                     172967101       285        8117  SH           DEFINED      1            8117      0        0
CLEAR CHANNEL
 COMMUNICATIONS                    184502102         3         100  SH           SOLE         1             100      0        0
COCA COLA BOTTLING CO
 CONS                     COM      191098102        27         420  SH           SOLE         1             420      0        0
COCA COLA CO                       191216100      1395       31832  SH           SOLE         1           29307    200     2325
COCA COLA CO                       191216100        65        1500  SH           DEFINED      1             500      0     1000
COCA COLA ENTERPRISES
 INC                      COM      191219104        84        3900  SH           SOLE         1            3900      0        0
COLGATE-PALMOLIVE CO               194162103       142        2725  SH           SOLE         1            2725      0        0
COLGATE-PALMOLIVE CO               194162103        10         200  SH           DEFINED      1               0      0      200
COLONIAL HIGH INCOME
MUNICIPAL TRUST                    195743109         1         200               SOLE         1             200      0        0
COMMSCOPE INC                      203372107         7        1000  SH           SOLE         1            1000      0        0
COMPUTER ASSOC INTL
 INC                      COM      204912109        10         800  SH           SOLE         1             800      0        0
COMPUTER SCIENCES
 CORPORATION COMMON                205363104         3          99  SH           DEFINED      1               0      0       99
CONAGRA FOODS INC                  205887102         5         200  SH           DEFINED      1             200      0        0
CONEXANT SYS INC COM               207142100         0         176  SH           SOLE         1             176      0        0
CONOCO PHILLIPS                    20825C104       105        2186  SH           SOLE         1            2186      0        0
CONSECO                            208464107         0         560  SH           DEFINED      1             560      0        0
                        FD SH BEN
CONSECO STRATEGIC INC     INT      20847A102         7         866  SH           SOLE         1             866      0        0
CONSOLIDATED EDISON
 INC                      COM      209115104        42        1000  SH           SOLE         1            1000      0        0
CONSTELLATION ENERGY
 CORP                              210371100         4         150  SH           SOLE         1             150      0        0
COOPER TIRE & RUBBER
 CO                                216831107       321       20953  SH           SOLE         1           19953      0     1000
COOPER TIRE & RUBBER
 CO                                216831107         1         100  SH           DEFINED      1             100      0        0
COX COMMUNICATIONS CL
 A                                 224044107         2         100  SH           DEFINED      1             100      0        0
CYPRESS SEMICONDUCTOR              232806109         2         500  SH           SOLE         1             500      0        0
DNP SELECT INCOME FD
 INC                               23325P104        10        1100  SH           DEFINED      1            1100      0        0
DPL INC                   COM      233293109        22        1485  SH           SOLE         1            1485      0        0
                        SPONSORED
DANKA BUSINESS SYS PLC    ADR      236277109        21        5000  SH           SOLE         1            5000      0        0
DEERE & CO                         244199105        68        1500  SH           SOLE         1            1500      0        0
DEL MONTE FOODS           COM      24522P103         0         121  SH           SOLE         1             121      0        0
DELL COMPUTER                      247025109       423       15860  SH           SOLE         1           15860      0        0






                                                                                                            VOTING AUTHORITY
                        TITLE OF                VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER      -----------------------
    NAMES OF ISSUER      CLASS       CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS      SOLE    SHARED    NONE
    ---------------      -----      -----     --------    -------  ---   ----  ---------- --------       ----    ------    ----
                                                                                          
DELL COMPUTER                      247025109        29        1100  SH           DEFINED      1           1100        0       0
DELPHI AUTO SYSTEMS                247126105         2         343  SH           SOLE         1            343        0       0
DELTA & PINE LD CO        COM      247357106        14         709  SH           SOLE         1            709        0       0
DELTIC TIMBER INC                  247850100       382       14324  SH           SOLE         1          14324        0       0
DELTIC TIMBER INC                  247850100     17247      645971  SH           DEFINED      1         242423   403548       0
WALT DISNEY CO                     254687106        34        2131  SH           SOLE         1            760     1371       0
WALT DISNEY CO                     254687106         3         200  SH           DEFINED      1            200        0       0
DOMINION RES INC          VA NEW   25746U109       165        3015  SH           SOLE         1           3015        0       0
DONNELLEY RR & SONS                257867101        17         800  SH           SOLE         1            800        0       0
DOW CHEMICAL CO                    260543103       483       16263  SH           SOLE         1          16263        0       0
DOW CHEMICAL CO                    260543103        14         483  SH           DEFINED      1            483        0       0
DREYFUS STRATEGIC                  261932107        20        2086               SOLE         1           2086        0       0
MUNICIPALS INC
DREYFUS MUNICIPAL                  26201R102        16        1832               SOLE         1           1832        0       0
INCOME INC
DREYFUS STRATEGIC MUN              26202F107        22        2841  SH           SOLE         1           2841        0       0
BD FD INC
DU PONT EI D NEMOURS &             263534109       207        4897  SH        -  SOLE         1           4897        0       0
CO
DU PONT EI D NEMOURS &             263534109         4         100  SH           DEFINED      1            100        0       0
CO
DUKE ENERGY CORP          COM      264399106       113        5814  SH           SOLE         1           5814        0       0
DUN & BRADSTREET NW                26483E100         5         150  SH           SOLE         1            150        0       0
DYNEX CAP INC            COM NEW   26817Q506         0         106  SH           DEFINED      1            106        0       0
E-LOAN INC                         26861P107         1        1000  SH           SOLE         1           1000        0       0
EMC CORP                           268648102        25        4200  SH           SOLE         1           4200        0       0
EMC CORP                           268648102        24        4000  SH           DEFINED      1           4000        0       0
E TRADE GROUP INC                  269246104        19        4000  SH           SOLE         1           4000        0       0
EASTMAN KODAK CO                   277461109        35        1000  SH           SOLE         1           1000        0       0
EASTMAN KODAK CO                   277461109         4         125  SH           DEFINED      1            125        0       0
EATON CORP                COM      278058102       117        1500  SH           SOLE         1           1500        0       0
ECHOSTAR COMMUN                    278762109        11         500  SH           SOLE         1            500        0       0
EDWARDS LIFESCIENCES               28176E108         6         240  SH           SOLE         1            240        0       0
CORP
A. G. EDWARDS INC                  281760108       309        9385  SH           SOLE         1           6560        0    2825
EL PASO CORPORATION                28336L109         5         812  SH           SOLE         1            812        0       0
EL PASO CORPORATION                28336L109         1         200  SH           DEFINED      1              0        0     200
ELAN CORP PLC ADR                  284131208         0         100  SH           SOLE         1            100        0       0
ELECTRONIC DATA SYS                285661104        10         550  SH           SOLE         1            550        0       0
CORP NEW
EMERSON ELECTRIC CO                291011104       122        2400  SH           SOLE         1           2400        0       0
ENCORE WIRE CORP          COM      292562105       189       20900  SH           SOLE         1          13900        0    7000
ENERGY EAST CORP          COM      29266M109         4         200  SH           SOLE         1            200        0       0
ENGELHARD CORP                     292845104         5         253  SH           DEFINED      1              0       00     253
ENTERASYS NETWORKS INC             293637104         0         200  SH           SOLE         1            200        0       0
ENTERGY CORP                       29364G103       233        5131  SH           SOLE         1           4131        0    1000
ENTERGY CORP                       29364G103        27         593  SH           DEFINED      1            593        0       0
EQUIFAX INC                        294429105         4         200  SH           SOLE         1            200        0       0
EQUITY INNS, INC                   294703103         9        1500  SH           DEFINED      1           1500        0       0
EQUITY RESIDENTIAL                 29476L107        10         436  SH           SOLE         1            436        0       0
PPTYS SBI
EXELON CORP                        30161N101        10         200  SH           SOLE         1            200        0       0
EXXON MOBIL CORP                   30231G102      6984      199964  SH           SOLE         1         198019        0    1945
EXXON MOBIL CORP                   30231G102      1078       30876  SH           DEFINED      1          20576     4700    5600
FPL GROUP INC                      302571104       243        4050  SH           SOLE         1           2815        0    1235
FED HMN LN MTG CORP    VOTING COM  313400301        14         250  SH           SOLE         1            250        0       0
FMNA                      COM      313586109        77        1200  SH           SOLE         1           1200        0       0
FEDERAL REALTY INVT TR   SH BEN    313747206        28        1000  SH           SOLE         1           1000        0       0
FEDEX CORPORATION                  31428X106        54        1000  SH           SOLE         1           1000        0       0
FEDEX CORPORATION                  31428X106         5         100  SH           DEFINED      1            100        0       0
FIRST INDL RLTY TR INC             32054K103        12         450  SH           SOLE         1            450        0       0
FIRST M & F CORP                   320744105        35        1293  SH           SOLE         1           1293        0       0
FIRST TENNESSEE                    337162101      2583       71896  SH           SOLE         1          71896        0       0
NATIONAL CORP
FISERV INC                         337738108       209        6185  SH           SOLE         1           4295        0    1890
FLEET BOSTON CORP                  339030108        19         812  SH           SOLE         1            812        0       0
FLUOR CORP                         343412102         2          96  SH           DEFINED      1             96        0       0
FORD MOTOR COMPANY                 345370860        61        6562  SH           SOLE         1           6562        0       0
COMMON
FORD MOTOR COMPANY                 345370860         6         700  SH           DEFINED      1            700        0       0
COMMON
GSI COMMERCE INC                   36238G102         0          29  SH           SOLE         1             29        0       0
GALLAGHER ARTHUR J & CO            363576109       264        9015  SH           SOLE         1           6140        0    2875
GAP INC                  DEL COM   364760108        23        1500  SH           SOLE         1           1500        0       0
GENERAL ELECTRIC CO                369604103      3113      127898  SH           SOLE         1         125973     1255     670
GENERAL ELECTRIC CO                369604103        70        2900  SH           DEFINED      1           1700        0    1200
GENERAL MLS INC           COM      370334104        24         520  SH           SOLE         1            520        0       0
GENERAL MLS INC           COM      370334104         0          20  SH           DEFINED      1              0        0      20
GEN MTR CORP                       370442105        24         673  SH           SOLE         1            673        0       0
GENOME THERAPEUTICS       COM      372430108         1        1000  SH           SOLE         1              0        0    1000
CORP
GEORGIA PAC CORP                   373298108        24        1490  SH           SOLE         1           1490        0       0
GERON CORP                COM      374163103         1         300  SH           SOLE         1            300        0       0
GILLETTE CO                        375766102        91        3006  SH           SOLE         1           2806        0     200
GILLETTE CO                        375766102       105        3485  SH           DEFINED      1           3485        0       0
GLAXO WELLCOME PLC        ADR      37733W105        25         669  SH           SOLE         1              0        0     669
SPONSORED
GLAXO WELLCOME PLC        ADR      37733W105        22         600  SH        -  DEFINED      1            600        0       0
SPONSORED
GOODYEAR TIRE & RUBBER             382550101         4         618  SH           SOLE         1            618        0       0
GREAT LAKES CHEM CORP     COM      390568103        42        1785  SH           DEFINED      1           1785        0       0
GREAT PLAINS ENERGY INC            391164100        42        1855  SH           SOLE         1           1855        0       0
GUIDANT CORP              COM      401698105        89        2900  SH           SOLE         1           2900        0       0
HCA- THE HEALTHCARE CO             404119109       143        3450  SH           SOLE         1           3450        0       0
HCB BANCSHARES INC        COM      40413N106        19        1200  SH           SOLE         1           1200        0       0






                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER      -----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS      SOLE    SHARED    NONE
    ---------------        -----     -----     --------    -------  ---   ----  ---------- --------      ----    ------    ----
                                                                                          
HALLIBURTON CO            COM      406216101        15         850  SH           SOLE         1            850        0       0
HALLIBURTON CO            COM      406216101        11         600  SH           DEFINED      1            600        0       0
HANCOCK FABRICS                    409900107        24        1600  SH           SOLE         1           1600        0       0
HANCOCK HLDG CO CAP                410120109       194        4345  SH           SOLE         1           4345        0       0
VALUE
JOHN HANCOCK                       41014S106        15         572  SH           SOLE         1            572        0       0
HARRIS CORP                        413875105        39        1494  SH           SOLE         1           1494        0       0
HARTFORD FNCL SV GRP     COM       416515104         9         200  SH           DEFINED      1            200        0       0
INC
HASBRO, INC                        418056107         9         787  SH           DEFINED      1            787        0       0
HEINZ H J CO             COM       423074103         8         273  SH           SOLE         1            273        0       0
HEWLETT PACKARD CO                 428236103       332       19143  SH           SOLE         1          17727     1416       0
HEWLETT PACKARD CO                 428236103         6         400  SH           DEFINED      1              0        0     400
HIBERNIA CORP                      428656102      6037      313628  SH           SOLE         1         312728        0     900
HIBERNIA CORP                      428656102        17         900  SH           DEFINED      1            900        0       0
HIGH INCOME                        42967Q105        15        2500  SH           SOLE         1           2500        0       0
OPPORTUNITY FD
HOME DEPOT                         437076102       436       18172  SH           SOLE         1          18172        0       0
HOME DEPOT                         437076102        36        1532  SH           DEFINED      1           1532        0       0
HONEYWELL INTL INC                 438516106        74        3120  SH           SOLE         1           3120        0       0
HUBBELL INC              CL B      443510201        35        1000  SH           SOLE         1           1000        0       0
ICN PHARMACEUTICALS      NEW COM   448924100         5         525  SH           SOLE         1              0        0     525
INC
ING PRIME RATE TR SH               44977W106        84       13907  SH           SOLE         1              0    13907       0
BEN INT
ILLINOIS TOOL WORKS INC            452308109         4          76  SH           SOLE         1             76        0       0
ILLINOIS TOOL WORKS INC            452308109        16         250  SH           DEFINED      1            250        0       0
INSIGHT ENTERPRISES      COM       45765U103        23        2775  SH           SOLE         1              0     2775       0
INC
INTEL CORP               CAP       458140100       479       30794  SH           SOLE         1          30794        0       0
INTEL CORP               CAP       458140100        74        4780  SH           DEFINED      1           3980        0     800
IBM CORP                           459200101      2325       30009  sh           SOLE         1          28249        0    1760
IBM CORP                           459200101        98        1275  SH           DEFINED      1            475      800       0
INTL PAPER CO                      460146103        59        1692  SH           SOLE         1           1692        0       0
INTL PAPER CO                      460146103        50        1450  SH           DEFINED      1            150     1100     200
JDS UNIPHASE CORP        COM       46612J101         0         120  SH           SOLE         1            120        0       0
J P MORGAN CHASE & CO              46625H100        58        2432  SH           SOLE         1           2432        0       0
J P MORGAN CHASE & CO              46625H100        36        1500  SH           DEFINED      1           1500        0       0
JOHNSON & JOHNSON                  478160104      2362       43986  SH           SOLE         1          42986        0    1000
JOHNSON & JOHNSON                  478160104       477        8900  SH           DEFINED      1           5000     1200    2700
JOHNSON CONTROLS INC.              478366107       274        3425  SH           SOLE         1           2470        0     955
KLA TENCOR CORP                    482480100         3         100  SH           SOLE         1            100        0       0
K MART CORP              COM       482584109         0        1000  SH           SOLE         1           1000        0       0
KELLOGG CO                         487836108         6         200  SH           SOLE         1            200        0       0
KERR-MCGEE CORPORATION             492386107         0           8  SH           SOLE         1              8        0       0
INC
KIMBERLY-CLARK CORP                494368103         9         200  SH           SOLE         1            200        0       0
KIMBERLY-CLARK CORP                494368103        18         400  SH           DEFINED      1            400        0       0
KINDER MORGAN ENERGY               494550106         8         232  SH           SOLE         1            232        0       0
PARTNERS, L.P.
KNIGHT RIDDER INC                  499040103       428        6770  SH           SOLE         1           4655        0    2115
KROGER CO                          501044101        14         908  SH           SOLE         1            908        0       0
LSI LOGIC CORP           COM       502161102         2         400  SH           SOLE         1            400        0       0
LACLEDE GROUP INC                  505597104         7         300  SH           SOLE         1            300        0       0
LACLEDE GROUP INC                  505597104        21         900  SH           DEFINED      1            900        0       0
ESTEE LAUDER CO                    518439104        15         600  SH           DEFINED      1            600        0       0
LEHMAN BROTHERS          COM       524908100       399        7505  SH           SOLE         1           5370        0    2135
HOLDINGS
LEVEL 3 COMMUNICATIONS             52729N100        29        6037  SH           SOLE         1           6037        0       0
INC
LEXMARK INTL             NEW CL A  529771107       368        6095  SH           SOLE         1           4250        0    1845
THE LIBERTY CORPORATION            530370105       112        2900  SH           SOLE         1           2900        0       0
ELI LILLY & CO                     532457108       642       10120  SH        -  SOLE         1           8875        0    1245
ELI LILLY & CO                     532457108        95        1500  SH           DEFINED      1           1500        0       0
LOUISIANA PAC CORP       COM       546347105         2         338  SH           SOLE         1            338        0
LOWES CO INC                       548661107       679       18125  SH           SOLE         1          13825        0    4300
LUCENT TECHNOLOGIES                549463107        30       24225  SH           SOLE         1          23021     1004     200
LUCENT TECHNOLOGIES                549463107         2        2200  SH           DEFINED      1           2200        0       0
M & T BANK CORP                    55261F104       158        2000  SH           SOLE         1           2000        0       0
MFS INTER INCOME TR SH   INT       55273C107        41        5900  SH           SOLE         1           5900        0       0
BEN
MGNA ENTMT CORP                    559211107         0          20  SH           SOLE         1             20        0       0
MANULIFE FINANCIAL CORP            56501R106       917       42300  SH           SOLE         1          42300        0       0
MARSH & MCLENNAN                   571748102        46        1000  SH           SOLE         1           1000        0       0
MASSEY ENERGY CORP                 576206106         0          96  SH           SOLE         1             96        0       0
MCCORMICK & CO                     579780206       417       17980  SH           SOLE         1          12040        0    5940
MCDATA CORP CLASS A                580031201        13        1875  SH           SOLE         1              0     1875       0
MCDATA CORP CLASS A                580031201         0          73  SH           DEFINED      1             73        0       0
MCDONALD'S CORP                    580135101        51        3200  SH           SOLE         1           3200        0       0
MCGRAW HILL COS INC                580645109        15         250  SH           DEFINED      1            250        0       0
MEADWESTVACO CORP                  583334107        38        1547  SH           SOLE         1           1547        0       0
MEDTRONIC INC            COM       585055106        43         960  SH           SOLE         1            960        0       0
MELLON FINL CORP                   58551A108        20         800  SH           SOLE         1            800        0       0
MERCK & CO INC                     589331107      1712       30254  SH           SOLE         1          28829        0    1425
MERCK & CO INC                     589331107       220        3900  SH           DEFINED      1           3400        0     500
MERRILL LYNCH & CO.,               590188108        12         320  SH           SOLE         1            320        0       0
INC.
METLIFE INC              COM       59156R108       100        3729  SH           SOLE         1           3729        0       0
MICROSOFT CORP                     594918104       718       13895  SH           SOLE         1          13330        0     565
MICROSOFT CORP                     594918104        20         400  SH           DEFINED      1              0        0     400
MICRON TECHNOLOGY                  595112103        98       10140  SH           SOLE         1           7695        0    2445
MID-AMERICA APARTMENT              59522J103        24        1000  SH           DEFINED      1           1000        0       0
CMNTYS
MIDAS GROUP INC                    595626102         4         666  SH           SOLE         1            666        0       0
MILLER HERMAN INC        COM       600544100        63        3460  SH           SOLE         1           3460        0       0
MIRANT CORP                        604675108         5        3213  SH           SOLE         1           3213        0       0
MIRANT CORP                        604675108         0         143  SH           DEFINED      1            143        0       0






                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER       ----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS      SOLE    SHARED    NONE
    ---------------        -----     -----     --------    -------  ---   ----  ---------- --------      ----    ------    ----
                                                                                          
MISSISSIPPI CHEMICAL               605288208         0        1492  SH           SOLE         1            1492        0      0
CORP
MONSANTO CO.             (NEW)     61166W101        32        1705  SH           SOLE         1            1620        0     85
MONSANTO CO              (NEW)     61166w101         4         235  SH           DEFINED      1             150        0     85
MOODYS CORP                        615369105        12         300  SH           SOLE         1             300        0      0
MORGAN STANLEY DEAN                617446448       161        4040  SH           SOLE         1            4040        0      0
WITTER DISCOVER & CO
MORGAN STANLEY DEAN                617446448        10         260  SH           DEFINED      1             260        0      0
WITTER DISCOVER & CO
MOTOROLA INC                       620076109       130       15063  SH           SOLE         1           14963        0    100
MOTOROLA INC                       620076109        64        7466  SH           DEFINED      1            7166        0    300
MULTIMEDIA GAMES INC               625453105        12         450  SH           SOLE         1             450        0      0
MUNICIPAL MORTGAGE &     GROWTH  sh62624B101       102        4000  SH           SOLE         1            4000        0      0
EQUITY LLC
MUNIVEST FD INC          COM       626295109        44        5000               SOLE         1            5000        0      0
MURPHY OIL CORP          COM       626717102      4191       48909  SH           SOLE         1           48909        0      0
MURPHY OIL CORP          COM       626717102    199137     2323653  SH           DEFINED      1         1032683  1290970      0
MYLAN LABORATORIES INC             628530107       273        7848  SH           SOLE         1            5688       00   2160
NBC CAP CORP                       628729105       100        4000  SH           SOLE         1            4000        0      0
NCR CORP NEW                       62886E108         1          64  SH           SOLE         1              64        0      0
NASDAQ 100 TRUST                   631100104         4         200  SH           SOLE         1             200        0      0
NATIONAL COMM FINL CORP            63545P104        61        2600  SH           SOLE         1               0     2600      0
NELSON, THOMAS INC                 640376109         1         187  SH           SOLE         1             187        0      0
NEWELL RUBBERMAID INC              651229106        12         400  SH           SOLE         1             400        0      0
NICOR INC                COM       654086107        18         550  SH           SOLE         1             550        0      0
NIKE INC CLASS B                   654106103        38         860  SH           SOLE         1             860        0      0
NOKIA CORP SPND ADR                654902204        37        2400  SH           SOLE         1            2400        0      0
NOBLE ENERGY INC                   655044105        37        1000  SH           SOLE         1            1000        0      0
NORFOLK SO CORP                    655844108        38        1934  SH           SOLE         1            1934        0      0
NORTEL NETWORK CORP NEW            656568102         8        5000  SH           SOLE         1            5000        0      0
NORTHERN TRUST COMPANY             665859104        62        1780  SH           SOLE         1            1780        0      0
NTRS
NORTHERN TRUST COMPANY             665859104       140        4000  SH           DEFINED      1            3600        0    400
NTRS
NORTHRUP GRUMMAN                   666807102         9         100  SH           SOLE         1             100        0      0
NORTHWESTERN                       668074107         1         330  SH           SOLE         1             330        0      0
CORPORATION
NOVELLUS SYSTEMS                   670008101       233        8325  SH        -  SOLE         1            5755        0   2570
NUVEEN INSD PREMIUM      MUNI FD   6706D8104         4         338               SOLE         1             338        0      0
INCOME
NUVEEN MUNICIPAL                   67062W103        49        3529               SOLE         1            3529        0      0
MARKET OPP
OKLAHOMA GAS & ELEC                670837103        75        4300  SH           SOLE         1            4300        0      0
ENERGY CORP
OKLAHOMA GAS & ELEC                670837103        12         700  SH           DEFINED      1             700        0      0
ENERGY CORP
NUVEEN MUN VALUE FD INC            670928100        21        2300               SOLE         1            2300        0      0
NUVEEN QUALITY INCOME              670977107         7         500  SH           SOLE         1             500        0      0
MUNI
NUVEEN PREMIER                     670988104        22        1565  SH           SOLE         1            1565        0      0
MUNICIPAL INC
OAKWOOD HOMES CORP                 674098207         0         200  SH           SOLE         1             200        0      0
OCCIDENTAL PETE COR DEL            674599105        14         500  SH           SOLE         1             500        0      0
OCEAN ENERGY INC TEX               67481E106         3         200  SH           SOLE         1             200        0      0
OFFICEMAX INC                      67622M108         5        1000  SH           SOLE         1            1000        0      0
OLIN CORP                          680665205         2         166  SH           DEFINED      1             166        0      0
OMNICOM GROUP                      681919106        19         300  SH           SOLE         1             300        0      0
ORACLE SYSTEMS CORP                68389X105        44        4110  SH           SOLE         1            4110        0      0
PPG INDUSTRIES INC                 693506107        30         600  SH           SOLE         1             600        0      0
PACTIV COPR                        695257105        38        1747  SH           SOLE         1            1747        0      0
PAYCHEX INC                        704326107         4         150  SH           SOLE         1             150        0      0
PCCW LTD SPONSORED ADR             70454G108         3        2473  SH           DEFINED      1            2473        0      0
PENNEY J C INC           COM       708160106         4         182  SH           SOLE         1             182        0      0
PEOPLES ENERGY CORP      COM       711030106         7         200  SH           SOLE         1             200        0      0
PEOPLES ENERGY CORP      COM       711030106        19         500  SH           DEFINED      1             500        0      0
PEOPLES HLDG CO          COM       711148106        14         367  SH           SOLE         1             367        0      0
PEOPLES HLDG CO          COM       711148106        20         500  SH           DEFINED      1             500        0      0
PEPCO HLDGS INC                    713291102         8         457  SH           SOLE         1             457        0      0
PEPSIAMERICAS INC                  71343P200        53        4000  SH           SOLE         1            4000        0      0
PEPSICO INC              COM       713448108      1533       36333  SH           SOLE         1           36218        0    115
PEPSICO INC              COM       713448108        89        2130  SH           DEFINED      1             430     1100    600
PFIZER INC                         717081103      2578       84375  SH           SOLE         1           84190        0    185
PFIZER INC                         717081103        94        3100  SH           DEFINED      1            2200        0    900
PHARMACIA CORP                     71713U102       515       12326  SH           SOLE         1           11826        0    500
PHARMACIA CORP                     71713U102        57        1380  SH           DEFINED      1             880        0    500
PHELPS DODGE CORP        COM       717265102         0          20  SH           SOLE         1              20        0      0
PHELPS DODGE CORP        COM       717265102        15         500  SH           DEFINED      1             500        0      0
PHILIP MORRIS COS INC    COM       718154107       530       13085  SH           SOLE         1           10790        0   2295
THE PHOENIX COMPANIES              71902E109         7        1051  SH           SOLE         1            1051        0      0
PLACER DOME INC                    725906101         1         170  SH           SOLE         1             170        0      0
PLUM CREEK TIMBER CO               729251108        27        1164  SH           SOLE         1            1164        0      0
INC
POTLATCH CORP            COM       737628107         3         150  SH           SOLE         1             150        0      0
PRAXAIR INC              COM       74005P104        17         300  SH           DEFINED      1             300        0      0
PRINCIPAL FINANCIAL                74251V102        80        2663  SH           SOLE         1            2663        0      0
GROUP
PROCTOR & GAMBLE CO      COM       742718109       967       11256  SH           SOLE         1           10656        0    600
PROCTOR & GAMBLE CO      COM       742718109       120        1400  SH           DEFINED      1            1400        0      0
PROGRESS ENERGY INC COM            743263105        10         232  SH           SOLE         1             232        0      0
PRUDENTIAL FINANCIAL               744320102       141        4462  SH           SOLE         1            4462        0      0
PUBLIC STORAGE, INC                74460D109         5         180  SH           SOLE         1             180        0      0
REIT
PUTNAM MANAGED           INCOME    746823103         3         500               DEFINED      1               0        0    500
MUNICIPAL                TRUST






                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/   PCT/  INVESTMENT   OTHER       ----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN   CALL  DISCRETION MANAGERS      SOLE    SHARED    NONE
    ---------------        -----     -----     --------    -------  ---   ----  ---------- --------      ----    ------    ----
                                                                                          
QLOGIC CORP              COM       747277101        44        1303  SH           SOLE         1            250     1053       0
QUALCOMM INC                       747525103         7         200  SH           SOLE         1            200        0       0
QWEST COMMUNICATIONS     COM       749121109        10        2097  SH           SOLE         1           2097        0       0
INTL INC
RFS HOTEL INVESTORS                74955J108        10        1000  SH           SOLE         1              0     1000       0
RH DONNELLEY CORP                  74955W307         1          60  SH           SOLE         1             60        0       0
RALCORP HOLDINGS NEW     COM       751028101         1          66  SH           DEFINED      1              0        0      66
RAYTHEON CO NEW                    755111507        18         600  SH           SOLE         1            600        0       0
REGIONS FNCL CORP                  758940100       713       21390  SH           SOLE         1          10640     9550    1200
REGIONS FNCL CORP                  758940100        59        1786  SH           DEFINED      1              0     1786       0
RELIANT RESOURCES INC              75952B105         5        1576  SH        -  SOLE         1           1576        0       0
RELIANT RESOURCES INC              75952B105        14        4651  SH           DEFINED      1           4622        0      29
REMINGTON OIL & GAS      COM       759594302        26        1600  SH           SOLE         1              0     1600       0
CORP
REYNOLDS RJ TOB HLDGS              76182K105         6         166  SH           SOLE         1            166        0       0
INC
RIVERSTONE NETWORKS INC            769320102         0         102  SH           SOLE         1            102        0       0
ROCKWELL INTL CORP NEW             773903109         3         177  SH           SOLE         1            177        0       0
ROCKWELL COLLINS INC               774341101         4         177  SH           SOLE         1            177        0       0
ROHM & HAAS CO           COM       775371107         6         200  SH           SOLE         1            200        0       0
ROXIE INC                          780008108         0          65  SH           SOLE         1             65        0       0
ROYAL DUTCH PETE CO      NY REG    780257804       372        8466  SH           SOLE         1           6471        0    1995
                         GLD1.25
ROYAL DUTCH PETE CO      NY REG    720857804       140        3200  SH           DEFINED      1           3200        0       0
                         GLD1.25
RUBY TUESDAY INC                   781182100        21        1260  SH           DEFINED      1              0        0    1260
SBC COMMUNICATIONS, INC            78387G103      1313       48459  SH           SOLE         1          44984        0    3475
SBC COMMUNICATIONS, INC            78387G103        21         780  SH           DEFINED      1            780        0       0
SCP POOL CORP            COM       784028102        59        2025  SH           SOLE         1              0     2025       0
ST JUDE MEDICAL                    790849103       477       12030  SH           SOLE         1           8310        0    3720
SARA LEE CORP            COM       803111103        18         800  SH           SOLE         1            800        0       0
SCANA CORP NEW                     80589M102       459       14847  SH           SOLE         1          10277        0    4570
SCHERING PLOUGH CORP     COM       806605101       410       18484  SH           SOLE         1          18484        0       0
SCHERING PLOUGH CORP     COM       806605101       432       19500  SH           DEFINED      1            100    19400       0
SCHLUMBERGER LTD         COM       806857108        65        1550  SH           SOLE         1           1350        0     200
THE CHARLES SCHWAB CORP            808513105        16        1500  SH           SOLE         1           1500        0       0
SCRIPPS EW INC NEW CL A            811054204        38         500  SH           SOLE         1            500        0       0
SEARS ROEBUCK & CO       COM       812387108        45        1920  SH           SOLE         1           1920        0       0
SEARS ROEBUCK & CO       COM       812387108         3         167  SH           DEFINED      1            167        0       0
SELIGMAN SELECT MUN FD             816344105        13        1250  SH           SOLE         1           1250        0       0
INC

SEMPRA ENERGY                      816851109         3         135  SH           SOLE         1            135        0       0
SERVICEMASTER COMPANY    COM       81760N109        84        7593  SH           SOLE         1           7593        0       0
SHELL TRANS & TRADING    NEW YRK   822703609        70        1800  SH           DEFINED      1           1800        0       0
PLC                      SH NEW
SHERWIN WILLIAMS CO      COM       824348106        31        1100  SH           SOLE         1           1100        0       0
SIMMONS 1ST NATL CORP    CL A $5   828730200       241        6600  SH           SOLE         1           6600        0       0
                         PAR
SIMMONS 1ST NATL CORP    CL A $5   828730200         9         250  SH           DEFINED      1            250        0       0
                         PAR
SIMON PROPERTY GROUP                828806109       250        7345 SH           SOLE         1           4995        0    2350
INC
SIRIUS SATTELITE RADIO              82966U103         6       10000 SH           SOLE         1          10000        0       0
SKYWORKS SOLUTIONS                  83088M102         0          61 SH           SOLE         1             61        0       0
SMUCKER J M CO                      832696405         0           3 SH           SOLE         1              3        0       0
SMURFIT-STONE                       832727101         7         495 SH           SOLE         1            495        0       0
CONTAINER CORP
SOLUTIA INC              COM        834376105        12        3312 SH           SOLE         1           3312        0       0
SONY CORP                           835699307        41        1000 SH           DEFINED      1           1000        0       0
SOUTHERN CO              COM        842587107       528       18639 SH           SOLE         1          18639        0       0
SOUTHERN CO              COM        842587107        92        3275 SH           DEFINED      1           3275        0       0
SOUTHWEST AIRLS CO       COM        844741108         7         505 SH           SOLE         1            505        0       0
SPRINT CORP              COM FON    852061100      1005       69425 SH           SOLE         1          64285        0    5140
                         GROUP
STEWART ENTERPRISES                 860370105        22        4000 SH           SOLE         1           4000        0       0
STILLWELL FINANCIAL INC             860831106         7         600 SH           SOLE         1            600        0       0
SUN LIFE FINANCIAL                  866796105       243       14305 SH           SOLE         1          14305        0       0
SUN MICROSYSTEMS                    866810104         5        1700 SH           SOLE         1           1700        0       0
SUNGARD DATA SYSTEMS                867363103       243       10330 SH           SOLE         1          10125        0     205
SUNOCO INC                          86764P109        47        1422 SH           SOLE         1           1422        0       0
SUNTRUST BANKS INC       COM        867914103        70        1245 SH           SOLE         1           1245        0       0
SWIFT TRANSN INC         COM        870756103        27        1350 SH           SOLE         1              0     1350       0
SYNOVUS FINL CORP                   87161C105        21        1125 SH           SOLE         1           1125        0       0
TECO ENERGY INC          COM        872375100        12         800 SH           SOLE         1            800        0       0
TECO ENERGY INC          COM        872375100        12         800 SH           DEFINED      1            800        0       0
TJX COMPANIES                       872540109         1         100 SH           SOLE         1            100        0       0
TXU CORP                            873168108        65        3500 SH           SOLE         1           3500        0       0
TARGET CORP                         87612E106       442       14750 SH       -   SOLE         1          10845        0    3905
TARGET CORP                         87612E106        12         400 SH           DEFINED      1            400        0       0
TELLABS INC DELAWARE                879664100         5         800 SH           SOLE         1            800        0       0
TELLABS INC DELAWARE                879664100         1         200 SH           DEFINED      1            200        0       0
TEMPLE INLAND INC                   879868107        17         400 SH           SOLE         1            400        0       0
TENNECO AUTOMOTIVE NW               880349105         0         150 SH           SOLE         1            150        0       0
TEXAS BIOTECH                       88221t104         0         100 SH           SOLE         1            100        0       0
TEXAS INSTRUMENTS                   882508104        18        1200 SH           SOLE         1           1200        0       0
TEXTRON INCORPORATED     COMM       883203101       262        6115 SH           SOLE         1           3775        0    2340
THOMAS & BETTS CORP      COM        884315102         3         200 SH           SOLE         1            200        0       0
THORNBURG MORTGAGE INC              885218107         6         300 SH           SOLE         1            300        0       0
3M CO                               88579y101       193        1566 SH           SOLE         1           1566        0       0
TIFFANY & CO NEW                    886547108        52        2200 SH           SOLE         1           2200        0       0
TRAVELERS PROPERTY       CL A       89420g109         5         353 SH           SOLE         1            353        0       0
CASUALTY CORP
TRAVELERS PROPERTY       CL A       89420g109         5         350 SH           DEFINED      1            350        0       0
CASUALTY CORP
TRAVELERS CORPORATION    CL B COM   89420g406        12         845 SH           SOLE         1            845        0       0
TRAVELERS CORPORATION    CL B COM   89420g406        10         720 SH           DEFINED      1            720        0       0






                                                                                                            VOTING AUTHORITY
                         TITLE OF               VALUE      SHRS OR  SH/  PCT/  INVESTMENT  OTHER       -----------------------
    NAMES OF ISSUER       CLASS      CUSIP     [X$1000]    PRN AMT  PRN  CALL  DISCRETION MANAGERS      SOLE    SHARED   NONE
    ---------------        -----     -----     --------    -------  ---  ----  ---------- --------      ----    ------   ----
                                                                                        
TRIANGLE PHARMACEUTICALS            89589H104        5        1000  SH         SOLE           1          1000        0        0
INC
TRIBUNE COMPANY                     896047107       54        1200  SH         SOLE           1          1200        0        0
TRIQUINT SEMICONDUCTOR              89674K103       12        2950  SH         SOLE           1             0     2950        0
TRUSTMARK CORP           COM        898402102      654       27498  SH         SOLE           1         27498        0        0
TRUSTMARK CORP           COM        898402102       23        1000  SH         DEFINED        1          1000        0        0
TYCO INTL LTD NEW        COM        902124106        5         350  SH         SOLE           1           350        0        0
TYSON FOODS INC          CL A       902494103        8         750  SH         SOLE           1             0        0      750
TYSON FOODS INC          CL A       904494103      168       15000  SH         DEFINED        1         15000        0        0
USA TRUCK INC  -                    902925106      609       86498  SH         SOLE           1         86498        0        0
RESTRICTED
US UNWIRED INC                      90338R104        2        5000  SH         SOLE           1             0     5000        0
UNION PACIFIC CORP                  907818108      245        4095  SH         SOLE           1          2845        0     1250
UNION PACIFIC CORP                  907818108      236        3950  SH         DEFINED        1           150     3800        0
UNION PLANTERS CORP                 908068109     1129       40164  SH         SOLE           1         40164        0        0
UNION PLANTERS CORP      CONV PFD   908068307       52        1000  SH         SOLE           1          1000        0        0
                         SER E 8%
UNITED STS STL CORP      NEW        912909108        6         500  SH         SOLE           1           500        0        0
VAN KAMPEN INCOME TR                920957107        2         450             SOLE           1           450        0        0
VERIZON COMMUNICATIONS              92343V104     1344       34707  SH         SOLE           1         30832        0     3875
VERIZON COMMUNICATIONS              92343V104      117        3028  SH         DEFINED        1          2628        0      400
VIACOM INC               CL B       925524308      112        2770  SH         SOLE           1          2720        0       50
VIACOM INC               CL B       925524308       13         325  SH         DEFINED        1           325        0        0
VISTEON CORP                        92839U107        0          75  SH         SOLE           1            75        0        0
VODAFONE GROUP PLC       NEW        92857W100       74        4104  SH         SOLE           1          4104        0        0
W.P. CAREY & CO., LLC               92930Y107       61        2474  SH         SOLE           1          2474        0        0
WACHOVIA CORP 2ND        NEW        929903102      403       11069  SH         SOLE           1         11069        0        0
WACHOVIA CORP 2ND        NEW        929903102       18         500  SH         DEFINED        1           500        0        0
WAL MART STORES INC      COM        931142103     3068       60769  SH         SOLE           1         57719        0     3050
WAL MART STORES INC      COM        931142103      236        4686  SH         DEFINED        1          1586     3000      100
WALGREEN CO                         931422109      113        3900  SH         SOLE           1          3900        0        0
WASHINGTON MUTUAL INC               939322103       20         600  SH         SOLE           1           600        0        0
WASTE MANAGEMENT INC     NEW        94106L109      139        6080  SH         SOLE           1          3825        0     2255
WASTE MANAGEMENT INC     NEW        94106L109        0           1  SH         DEFINED        1             0        0        1
WEINGARTEN RLTY INVS     SH BEN INT 948741103       55        1500  SH         SOLE           1          1500        0        0
WELLS FARGO & CO.        NEW        949746101      350        7485  SH         SOLE           1          7375        0      110
WELLS FARGO & CO.        NEW        949746101        9         200  SH         DEFINED        1           200        0        0
WEYERHAEUSER CO          COM        962166104      186        3800  SH         SOLE           1          3800        0        0
WHITNEY HOLDING CORP     COMMON     966612103      105        3180  SH         SOLE           1          3180        0        0
WILLIAMS COMPANY         COMMON     969457100        5        2057  SH         SOLE           1          2057        0        0
WORLDCOM, INC.           (BANKRU)   98157D106       48      371664  SH         SOLE           1        371664        0        0
WORLDCOM, INC.           (BANKRU)   98157D106        0        1300  SH         DEFINED        1          1000        0      300
WORLDCOM INC GA NW MCI  (BANKRUPTC) 98157D304        2       15158  SH         SOLE           1         11636     3522        0
GROUP
WORLDCOM INC GA NW MCI  (BANKRUPTC) 98157D304        0          40  SH         DEFINED        1            40        0        0
GROUP
WE WRIGLEY JR. COMPANY              982526105       10         200  SH         SOLE           1           200        0        0
WYETH                               983024100      323        8665  SH         SOLE           1          7425        0     1240
WYETH                               983024100       11         300  SH         DEFINEd        1           300        0        0
XM SATELLITE                        983759101       67       25000  SH         SOLE           1         25000        0        0
XCEL ENERGY INC                     98389B100       23        2154  SH         SOLE           1          2154        0        0
YUM BRANDS INC                      988498101       61        2546  SH         SOLE           1          2546        0        0
ALLIANT TECHSYSTEMS                                                            SOLE
INC.                                18804104        13         210  SH         SOLE                         0        0      210
ALLTEL CORP NEW                     20039103         6         125  SH         SOLE                         0        0      125
AMER INTL GROUP INC                 26874107         4          67  SH       - SOLE                         0        0       67
AMGEN INC                           31162100         4          75  SH         SOLE                         0        0       75
AMSOUTH BANCORP                     32165102       264      13,724  SH         SOLE                         0        0   13,724
AUTOMATIC DATA                                                                 SOLE
PROCESSING INC.                     53015103         4         100  SH         SOLE                         0        0      100
AVAYA INC                           53499109         0           8  SH         SOLE                         0        0        8
BANCORPSOUTH  INC                   59692103       240      12,373  SH         SOLE                         0        0   12,373
BERKSHIRE HATHAWAY       DEL CL B   84670207        24          10  SH         SOLE                         0        0       10
INC
BEST BUY INC                        86516101        10         400  SH         SOLE                         0        0      400
CITIGROUP INC                       172967101       79       2,250  SH         SOLE                         0        0    2,250
COCA COLA CO                        191216100       53       1,200  SH         SOLE                         0        0    1,200
DISNEY WALT CO DEL                  254687106        3         200  SH         SOLE                         0        0      200
E M C CORP MASS                     268648102        6         900  SH         SOLE                         0        0      900
EATON VANCE TAX MGD      CLASS B    277911848       32       1,982  SH         SOLE                         0        0    1,982
GENERAL DYNAMICS CRP                369550108        9         110  SH         SOLE                         0        0      110
GENERAL ELECTRIC CO                 369604103      185       7,585  SH         SOLE                         0        0    7,585
HEWLETT-PACKARD CO       DE         428236103        9         540  SH         SOLE                         0        0      540
HOME DEPOT INC                      437076102        3         127  SH         SOLE                         0        0      127
INTEL CORP                          458140100       67       4,280  SH         SOLE                         0        0    4,280
JOHNSON & JOHNSON                   478160104       15         274  SH         SOLE                         0        0      274
LSI LOGIC CORP                      502161102        2         300  SH         SOLE                         0        0      300
L-3 COMMUNICATIONS                                                             SOLE
HLDGS INC                           502424104       13         280  SH         SOLE                         0        0      280
LUCENT TECH INC                     549463107        1         500  SH         SOLE                         0        0      500
MAGNA-LAB INC            CL A       559235106        0       2,000  SH         SOLE                         0        0    2,000
MCDATA CORP              CL A       580031201        0          29  SH         SOLE                         0        0       29
MICROSOFT CORP                      594918104       44         867  SH         SOLE                         0        0      867
NASDAQ 100 TR          UNIT SER 1   631100104        3         140   SH        SOLE                         0        0      140
NOKIA CORP ADR                      654902204        2         100   SH        SOLE                         0        0      100
PEOPLES HLDG CO                     711148106       59       1,439   SH        SOLE                         0        0    1,439
PFIZER INC                          717081103        5         178   SH        SOLE                         0        0      178
PHILIP MORRIS COS                   718154107        8         200   SH        SOLE                         0        0      200
PITNEY BOWES INC                    724479100        7         200   SH        SOLE                         0        0      200
PROCTER & GAMBLE CO                 742718109      151       1,760   SH        SOLE                         0        0    1,760
QWEST COMM INTL INC                 749121109        2         412   SH        SOLE                         0        0      412
RF MICRO DEVICES INC                749941100        3         400   SH        SOLE                         0        0      400
SMUCKER J M CO NEW                  832696405        1          34   SH        SOLE                         0        0       34






                                                                                                          VOTING AUTHORITY
                       TITLE OF                 VALUE      SHRS OR   SH/  PCT/  INVESTMENT  OTHER      -----------------------
    NAMES OF ISSUER     CLASS        CUSIP     [X$1000]    PRN AMT   PRN  CALL  DISCRETION MANAGERS     SOLE    SHARED  NONE
    ---------------   -----------   ---------  --------    -------   ---  ----  ---------- --------     ----    ------  ----
                                                                                       
SUN MICROSYSTEMS INC                866810104        2         600   SH   SOLE                               0        0     600
SYBRON DENTAL COM                   871142105        1          83   SH   SOLE                               0        0      83
TAIWAN SEMICONDUCTOR                                                      OLE
MANUFACTURING CO LTD                874039100        4         630   SH   SOLE                               0        0     630
TEXAS INSTRUMENTS                   882508104        5         300   SH   SOLE                               0        0     300
INC
TYCO INTL LTD NEW                   902124106        1          80   SH   SOLE                               0        0      80
US BANCORP DEL                      902973304        5         215   SH   SOLE                               0        0     215
WAL-MART STORES INC                 931142103        5         100   SH   SOLE                               0        0     100
WALGREEN COMPANY                    931422109        4         150   SH   SOLE                               0        0     150
AFFYMETRIX INC                      00826T108       11         500   SH   SOLE                               0        0     500
AGERE SYS INC            CL A       00845V100        0           5   SH   SOLE                               0        0       5
AGERE SYS INC            CL B       00845V209        0         131   SH   SOLE                               0        0     131
APOGENT TECHNOLOGIES     COM        03760A101        5         250   SH   SOLE                               0        0     250
INC
CISCO SYS INC                       17275R102       15       1,100   SH   SOLE                               0        0   1,100
GOLDMAN SACHS GROUP                                                       OLE
INC                                 38141G104       10         150   SH   SOLE                               0        0     150
IMAGISTICS INTL INC                 45247T104        0          16   SH   SOLE                               0        0      16
JDS UNIPHASE CORP                   46612J101        1         250   SH   SOLE                               0        0     250
JUNIPER NETWORKS                    48203R104        1         100   SH   SOLE                               0        0     100
INC
MERISTAR HOSPITALITY                58984Y103        6         847   SH   SOLE                               0        0     847
CORP
NAUTILUS GROUP INC       COM        63910B102        4         300   SH   SOLE                               0        0     300
TRAVELERS PPTY CAS       NEW CL A   89420G109        1          96   SH   SOLE                               0        0      96
CORP
TRAVELERS PPTY CAS       NEW CL B   89420G406        3         199   SH   SOLE                               0        0     199
CORP
WORLDCOM INC GA NEW      COM        98157D106        0       1,095   SH   SOLE                               0        0   1,095
WORLDCOM GROUP
WORLDCOM INC GA (MCI                98157D304        0          55   SH   SOLE                               0        0       5
GROUP)
AMDOCS LIMITED           ISIN       G02602103        3         325   SH   SOLE                               0        0     325
FLEXTRONICS INTL INC  #SG9999000020 Y2573F102        5         600   SH   SOLE                               0        0     600
                                               -------     ----------                                  -------  ------- -------
GRAND TOTAL                                     388383     10,565,082                                  8517479  1821012 135,062
                                               =======     ==========                                  =======  ======= =======