UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2007
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: 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 14, 2007
------------------------------------- -------------------- -----------------
[Signature] [City State] [Date]
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: 765
Form 13F Information Table Value Total: $4,653,752
(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
2
FORM 13F INFORMATION TABLE
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ACE LIMITED G0070K103 215 3565 SH SOLE 1 113 0 3452
ARLINGTON TANKERS LTD G04899103 7 307 SH SOLE 1 0 0 307
CONSOLIDATED WATER CO LTD G23773107 7 250 SH SOLE 1 250 0 0
FRONTLINE LDT F G3682E127 24 500 SH SOLE 1 500 0 0
GLOBAL SANTAFE CORP G3930E101 13 175 SH SOLE 1 0 0 175
HERBALIFE LTD COMUSD SHS G4412G101 43 960 SH SOLE 1 0 0 960
INGSOLL-RAND CO CL A BERMUDA G4776G101 266 4900 SH SOLE 1 4900 0 0
KNIGHTS BRIDGE TANKERS G5299G106 13 500 SH SOLE 1 500 0 0
MARVELL TECHNOLOGY GROUP G5876H105 63 3888 SH SOLE 1 0 0 3888
MONTPELIER RE HLD LTDF G62185106 470 26620 SH SOLE 1 26620 0 0
NABORS INDUSTRIES G6359F103 380 12356 SH SOLE 1 316 0 12040
NOBLE CORP G65422100 47 972 SH SOLE 1 0 0 972
RENAISSANCERE HOLDINGS LTD COM G7496G103 79 1209 SH SOLE 1 0 0 1209
SEAGATE TECHNOLOGY SHS G7945J104 14 550 SH SOLE 1 0 0 550
SHIP FINANCE INTERNATIONAL
LTD G81075106 6 253 SH SOLE 1 253 0 0
TRANSOCEAN SEDCO FOREX INC G90078109 79 700 SH SOLE 1 700 0 0
TYCO INTL LTD W/I G9143X208 3 75 SH SOLE 1 75 0 0
WEATHERFORD INTL LTD NEW
(BERMUDA) G95089101 31 473 SH SOLE 1 473 0 0
MILLICOM INTL CELLULAR NEW L6388F110 61 736 SH SOLE 1 0 0 736
DIANA SHIPPING INC Y2066G104 14 500 SH SOLE 1 500 0 0
FLEXTRONICS INT'L Y2573F102 260 23301 SH SOLE 1 679 0 22622
QUINTANA MARITIME LTD SHS Y7169G109 19 1030 SH SOLE 1 0 0 1030
TEEKAY LNG PARTNERS LP Y8564M105 16 500 SH SOLE 1 500 0 0
AFC ENTERPRISES INC COM 00104Q107 10 698 SH SOLE 1 0 0 698
A F L A C INC 001055102 458 8031 SH SOLE 1 1801 0 6230
A F L A C INC 001055102 2677 46938 SH DEFINED 1 46938 0 0
AGL RESOURCES, INC 001204106 17 450 SH SOLE 1 450 0 0
AES CORPORATION 00130H105 1 69 SH SOLE 1 69 0 0
AMR CORP 001765106 3 150 SH SOLE 1 150 0 0
AT&T INC COM 00206R102 1044 24679 SH SOLE 1 17162 0 7517
AT&T INC COM 00206R102 280 6620 SH DEFINED 1 1488 5132 0
ATMI INC 00207R101 9 321 SH SOLE 1 0 0 321
AARON RENTS INC COM 002535201 14 652 SH SOLE 1 0 0 652
ABBOTT LAB 002824100 617 11523 SH SOLE 1 5626 0 5897
ABBOTT LAB 002824100 225 4200 SH DEFINED 1 200 4000 0
ABERDEEN ASIA-PACIFIC
FUND 003009107 2 444 SH SOLE 1 444 0 0
ACME PACKET INC COM 004764106 21 1380 SH SOLE 1 0 0 1380
ACTUANT CORP CLASS A 00508X203 16 249 SH SOLE 1 0 0 249
ADAMS EXPRESS CO COM 006212104 44 2956 SH SOLE 1 2956 0 0
ADOBE SYSTEMS INCORPORATED
DELAWARE 00724F101 325 7449 SH SOLE 1 233 0 7216
ADVANCED ANALOGIC
TECHNOLOGI COM 00752J108 12 1200 SH SOLE 1 0 0 1200
ADVANTAGE ENERGY
INCOME FD TR UNIT ADR 00762L101 6 500 SH SOLE 1 500 0 0
ADVANCED MED OPTICS IN 00763M108 37 1230 SH SOLE 1 0 0 1230
ADVENT/CLAYMORE GLOBAL 007639107 85 5200 SH SOLE 1 5200 0 0
AEGON N V ORD 007924103 511 26896 SH SOLE 1 0 0 26896
AFFILIATED MANAGERS GROUP COM 008252108 71 561 SH SOLE 1 0 0 561
AGILENT TECHNOLOGIES,
INC. 00846U101 2 59 SH SOLE 1 59 0 0
AGNICO EAGLE MINES 008474108 24 500 SH SOLE 1 500 0 0
AIRGAS INC COM 009363102 15 301 SH SOLE 1 0 0 301
AIXTRON AKTIENGELELLSCHAFT ADR 009606104 4 510 SH SOLE 1 510 0 0
AKAMAI TECH 00971T101 50 1762 SH SOLE 1 0 0 1762
ALCOA INC 013817101 109 2789 SH SOLE 1 1139 0 1650
ALCATEL LUCENT SPONSORED
ADR 013904305 1 107 SH SOLE 1 32 0 75
ALLEGHENY ENERGY INC 017361106 3 66 SH SOLE 1 66 0 0
ALLERGAN INC 018490102 286 4451 SH SOLE 1 140 0 4311
ALLIANCEBERNSTEIN
GLOBAL HIGH INCOME
FUND INC 01879R106 27 2000 SH SOLE 1 2000 0 0
ALLIANT TECHSYSTEMS, INC 018804104 33 302 SH SOLE 1 0 0 302
ALLIANZ SE SP ADR 1/10
SH 018805101 9 400 SH SOLE 1 0 0 400
ALLIANCEBERNSTEIN INCOME
FD 01881E101 25 3100 SH SOLE 1 3100 0 0
3
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ALLIED CAP CO FUND 01903Q108 25 883 SH SOLE 1 815 0 68
ALLIED IRISH BKS P L C SPON ADR ORD 019228402 7 165 SH SOLE 1 0 0 165
ALLSCRIPTS HEALTHCARE
SOLUTI COM 01988P108 14 535 SH SOLE 1 0 0 535
ALLSTATE CORP COMMON 020002101 494 8644 SH SOLE 1 4115 0 4529
ALLSTATE CORP COMMON 020002101 17 310 SH DEFINED 1 310 0 0
ALLTEL CORP 020039103 60 863 SH SOLE 1 863 0 0
ALTRIA GROUP INC 02209S103 925 13314 SH SOLE 1 6565 0 6749
AMBASSADORS GROUP INC COM 023177108 14 385 SH SOLE 1 0 0 385
AMCOL INTL CORP COM 02341W103 20 630 SH SOLE 1 0 0 630
AMEREN CORP 023608102 11 215 SH SOLE 1 100 0 115
AMERICA MOVIL SAB DE
CV SPON ADR L SHS 02364W105 42 660 SH SOLE 1 660 0 0
AMERICAN EAGLE OUTFITTERS,
INC 02553E106 20 790 SH SOLE 1 0 0 790
AMERICAN ELECTRIC
POWER 025537101 196 4267 SH SOLE 1 1642 0 2625
AMER EXPRESS CO 025816109 471 7945 SH SOLE 1 1818 0 6127
AMERICAN INTERNATIONAL
GROUP, INC 026874107 146 2172 SH SOLE 1 872 0 1300
AMERICAN INTERNATIONAL
GROUP, INC 026874107 11 175 SH DEFINED 1 175 0 0
AMERICAN MEDICAL SYS HLDGS 02744M108 12 720 SH SOLE 1 0 0 720
AMERICAN TOWER CORP CL A 029912201 82 1892 SH SOLE 1 0 0 1892
AMERISTAR CASINOS 03070Q101 53 1917 SH SOLE 1 0 0 1917
AMERISOURCEBERGEN CORP 03073E105 1 37 SH SOLE 1 37 0 0
AMGEN INC 031162100 4 80 SH SOLE 1 80 0 0
AMGEN INC 031162100 11 200 SH DEFINED 1 200 0 0
ANADARKO PETE CORP 032511107 128 2395 SH SOLE 1 115 0 2280
ANADARKO PETE CORP 032511107 91 1696 SH DEFINED 1 0 1696 0
ANHEUSER-BUSCH COMPANIES 035229103 336 6734 SH SOLE 1 6184 0 550
ANHEUSER-BUSCH COMPANIES 035229103 154 3100 SH DEFINED 1 3100 0 0
ANNALY CAPITAL MGMT INC 035710409 3 200 SH SOLE 1 0 0 200
APACHE CORP 037411105 59 664 SH SOLE 1 664 0 0
APPLE INC COM 037833100 557 3630 SH SOLE 1 113 0 3517
APPLIED MATERIALS INC 038222105 100 4850 SH SOLE 1 4850 0 0
AQUA AMERICAN INC 03836W103 30 1337 SH SOLE 1 1337 0 0
AQUILA INC DELNEW 03840P102 0 158 SH SOLE 1 158 0 0
ARCH COAL, INC 039380100 77 2295 SH SOLE 1 0 0 2295
ARCHER-DANIELS-MIDLAND
COMPANY 039483102 438 13261 SH SOLE 1 660 0 12601
ARENA RESOURCES INC COM 040049108 23 356 SH SOLE 1 0 0 356
ARRIS GROUP INC 04269Q100 60 4894 SH SOLE 1 0 0 4894
ARVINMERITOR 043353101 0 44 SH SOLE 1 44 0 0
ASSURANT INC COM 04621X108 32 608 SH SOLE 1 0 0 608
ASTRAZENECA PLC SPONSORED
ADR 046353108 9 180 SH SOLE 1 0 0 180
ATHEROS COMMUNICATIONS INC COM 04743P108 17 590 SH SOLE 1 0 0 590
ATMOS ENERGY CORP 049560105 56 2004 SH SOLE 1 2004 0 0
ATWOOD OCEANICS INC COM 050095108 15 208 SH SOLE 1 0 0 208
AUBURN NATL BANCORP 050473107 24 1000 SH SOLE 1 1000 0 0
AUTO DATA PROCESS 053015103 163 3550 SH SOLE 1 3550 0 0
AUTOZONE 053332102 28 249 SH DEFINED 1 249 0 0
AVALONBAY CMNTY INC 053484101 41 350 SH SOLE 1 350 0 0
AVAYA INC 053499109 2 130 SH SOLE 1 130 0 0
AVERY DENNISON CORP COM 053611109 205 3602 SH SOLE 1 105 0 3497
AVON PRODUCTS INC COM 054303102 3 92 SH SOLE 1 92 0 0
AXA-UAP ADR 054536107 16 373 SH SOLE 1 183 0 190
BB&T CORP 054937107 23 592 SH SOLE 1 464 0 128
BP AMOCO PLC SPONSORED
ADR 055622104 896 12923 SH SOLE 1 5703 0 7220
BP AMOCO PLC SPONSORED
ADR 055622104 260 3756 SH DEFINED 1 3756 0 0
BACK YARD BURGERS INC 05635W101 0 150 SH SOLE 1 150 0 0
BAKER HUGHES INC COM 057224107 355 3937 SH SOLE 1 115 0 3822
BALDOR ELEC CO COM 057741100 7988 199967 SH DEFINED 1 199967 0 0
BANCO SANTANDER CENT
HISPANO SA ADR 05964H105 7 390 SH SOLE 1 0 0 390
BANCORPSOUTH INC 059692103 22188 913504 SH SOLE 1 908069 0 5435
BANCORPSOUTH INC 059692103 979 40340 SH DEFINED 1 37748 2592 0
BANK OF AMERICA CORP NEW COM 060505104 395 7869 SH SOLE 1 2487 0 5382
BANK OF THE OZARKS, INC 063904106 2813 92200 SH DEFINED 1 92200 0 0
BANK NEW YORK MELLON CORP COM 064058100 35 800 SH SOLE 1 800 0 0
BANK NEW YORK MELLON CORP COM 064058100 5 132 SH DEFINED 1 132 0 0
BARRICK GOLD CORP 067901108 226 5622 SH SOLE 1 179 0 5443
BARR PHARMACEUTICALS INC 068306109 269 4738 SH SOLE 1 115 0 4623
BAXTER INTL INC 071813109 112 2000 SH SOLE 1 2000 0 0
BEAR STEARNS COS INC 073902108 74 607 SH SOLE 1 607 0 0
4
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
BELDEN INC COM 077454106 33 711 SH SOLE 1 0 0 711
BENTLEY PHARMACEUTICALS,
INC 082657107 0 50 SH SOLE 1 50 0 0
BERKSHIRE HATHAWAY "A" 084670108 118 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 3 1 SH SOLE 1 1 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 11 3 SH DEFINED 1 3 0 0
BEST BUY INC COMMON STOCK 086516101 248 5391 SH SOLE 1 169 0 5222
BHP BILLITON LIMITED ADR
SPONSORED 088606108 7 100 SH SOLE 1 100 0 0
BLACK & DECKER CORP COM 091797100 11 135 SH SOLE 1 0 0 135
BLACKBAUD INC COM 09227Q100 4 190 SH SOLE 1 0 0 190
BLACKROCK INVT
QUALITY MUNI TR INC 09247D105 49 3000 SOLE 1 3000 0 0
BLACKROCK INCOME
TRUST INC 09247F100 1 200 SH SOLE 1 200 0 0
BLACKROCK INSD MUNI
INCOME TRUST 092479104 67 4700 SOLE 1 4700 0 0
BLACKROCK INTL GROWTH
& INCOME 092524107 8 500 SH SOLE 1 500 0 0
BLACKROCK MUNIVEST FD INC 09253R105 47 5000 SOLE 1 5000 0 0
BLACKROCK REAL ASSET
EQUITY 09254B109 58 3500 SH SOLE 1 3500 0 0
BLACKROCK MUNIYIELD
INSURED FD 09254E103 42 3150 SOLE 1 3150 0 0
BLACKROCK MUNIYIELD
INSURED FD 09254E103 100 7500 DEFINED 1 7500 0 0
BLACKROCK DEBT STRATEGIES
FD 09255R103 2 302 SH SOLE 1 302 0 0
BOARDWALK PIPELINE
PARTNERS LP 096627104 3 100 SH SOLE 1 100 0 0
BOEING INC 097023105 589 5611 SH SOLE 1 639 0 4972
BOSTON SCIENTIFIC 101137107 14 1007 SH SOLE 1 1007 0 0
BOYD GAMING CORP 103304101 201 4714 SH SOLE 1 108 0 4606
BRISTOL MYERS SQUIBB CO 110122108 233 8109 SH SOLE 1 8109 0 0
BROADCOM CORP 111320107 54 1494 SH SOLE 1 0 0 1494
BROADRIDGE FINL
SOLUTIONS INC COM 11133T103 8 475 SH SOLE 1 475 0 0
BROOKS AUTOMATION INC 114340102 10 746 SH SOLE 1 0 0 746
BRUNSWICK CORP COM 117043109 6 303 SH SOLE 1 0 0 303
BURLINGTON NORTHERN/SANTA
FE CORP 12189T104 10 135 SH SOLE 1 135 0 0
CBS CORP NEW CL B 124857202 13 420 SH SOLE 1 45 0 375
C H ROBINSON WORLDWIDE
INC 12541W209 1 31 SH SOLE 1 31 0 0
CIGNA CORPORATION 125509109 135 2534 SH SOLE 1 89 0 2445
CME GROUP INC COM 12572Q105 176 300 SH SOLE 1 9 0 291
CNOOC LTD SPONSORED
ADR 126132109 139 836 SH SOLE 1 27 0 809
CRH PLC ADR 12626K203 5 140 SH SOLE 1 0 0 140
CSX CORP COM 126408103 27 650 SH SOLE 1 650 0 0
CVS CAREMARK CORPORATION COM 126650100 301 7620 SH SOLE 1 269 0 7351
CADBURY SCHWEPPES PLC ADR 127209302 51 1100 SH SOLE 1 1100 0 0
CADENCE FINANCIAL CORP 12738A101 58 3333 SH SOLE 1 3333 0 0
CADENCE DESIGN SYSTEMS INC 127387108 128 5812 SH SOLE 1 0 0 5812
CAMPBELL SOUP CO COM 134429109 0 15 SH SOLE 1 15 0 0
CANADIAN PAC RAILWAY 13645T100 35 501 SH SOLE 1 0 0 501
CANON INC ADR REPSTG
5 SHRS 138006309 419 7726 SH SOLE 1 0 0 7726
CAPITAL ONE FINL CORP COM 14040H105 645 9717 SH SOLE 1 9717 0 0
CAPSTEAD MTG CORP 14067E308 6 500 SH SOLE 1 500 0 0
CARDINAL HEALTH INC COM 14149Y108 11 181 SH SOLE 1 181 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 48 375 SH SOLE 1 0 0 375
CATERPILLAR INC 149123101 101 1300 SH SOLE 1 0 0 1300
CELGENE CORP 151020104 307 4317 SH SOLE 1 135 0 4182
CEMEX SAB DE CV ADR 151290889 67 2262 SH SOLE 1 76 0 2186
CENTERPOINT ENERGY INC 15189T107 21 1321 SH SOLE 1 821 0 500
CENTRAL GARDEN & PET, INC 153527106 8 934 SH SOLE 1 0 0 934
CENTURYTEL, INC 156700106 46 1000 SH SOLE 1 1000 0 0
CHARTER COMMUNICATIONS INC
DEL CL A 16117M107 37 14519 SH SOLE 1 0 0 14519
CHECKFREE CORP NEW 162813109 56 1217 SH SOLE 1 1217 0 0
CHEESECAKE FACTORY 163072101 40 1712 SH SOLE 1 0 0 1712
CHESAPEAKE ENERGY CORP 165167107 58 1673 SH SOLE 1 0 0 1673
CHEVRON CORPORATION 166764100 740 7911 SH SOLE 1 5340 0 2571
5
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
CHEVRON CORPORATION 166764100 205 2200 SH DEFINED 1 2200 0 0
CHORDIANT SOFTWARE INC COMNEW 170404305 19 1415 SH SOLE 1 0 0 1415
CISCO SYS INC 17275R102 785 23717 SH SOLE 1 6351 0 17366
CITADEL BROADCASTING CORP COM 17285T106 0 108 SH SOLE 1 40 0 68
CITIGROUP, INC 172967101 167 3582 SH SOLE 1 3464 0 118
CITIGROUP, INC 172967101 331 7107 SH DEFINED 1 7107 0 0
CITIZENS COMMUNICATIONS CO 17453B101 40 2822 SH SOLE 1 0 0 2822
CITIZENS HOLDING COMPANY 174715102 3656 158987 SH SOLE 1 158987 0 0
CLEVELAND CLIFFS INC 185896107 7 90 SH SOLE 1 0 0 90
COACH INC 189754104 310 6579 SH SOLE 1 206 0 6373
COCA COLA CO 191216100 743 12932 SH SOLE 1 9187 0 3745
COCA COLA CO 191216100 297 5175 SH DEFINED 1 5175 0 0
COCA COLA ENTERPRISES INC COM 191219104 48 2000 SH SOLE 1 2000 0 0
COCA COLA FEMSA S A B
DE C VSPON ADR REP L 191241108 7 166 SH SOLE 1 0 0 166
COGNIZANT TECHNOLOGY SOL 192446102 282 3543 SH SOLE 1 111 0 3432
COLGATE-PALMOLIVE CO 194162103 209 2931 SH SOLE 1 2931 0 0
COLUMBIA SPORTSWEAR CO 198516106 11 199 SH SOLE 1 1 0 198
COMCAST CORP NEW CL A COM 20030N101 298 12340 SH SOLE 1 1130 0 11210
COMCAST CORP NEW CL A COM 20030N101 14 601 SH DEFINED 1 0 601 0
COMERICA INC 200340107 1 33 SH SOLE 1 0 0 33
COMMSCOPE INC 203372107 18 360 SH SOLE 1 0 0 360
COMMVAULT SYSTEMS INC COM 204166102 19 1075 SH SOLE 1 0 0 1075
COMPASS MINERALS INTL 20451N101 17 500 SH SOLE 1 500 0 0
COMTECH GROUP INC COMNEW 205821200 23 1315 SH SOLE 1 0 0 1315
CONAGRA FOODS INC COM 205887102 217 8313 SH SOLE 1 254 0 8059
CONCHO RES INC COM 20605P101 5 403 SH SOLE 1 0 0 403
CONEXANT SYS INC COM 207142100 0 176 SH SOLE 1 176 0 0
CONOCO PHILLIPS 20825C104 626 7141 SH SOLE 1 6981 0 160
CONTINENTAL AIRLINES CL-B 210795308 49 1499 SH SOLE 1 0 0 1499
CONTINENTAL RESOURCES INC COM 212015101 20 1130 SH SOLE 1 0 0 1130
COOPER TIRE & RUBBER CO 216831107 147 6028 SH SOLE 1 5653 0 375
COOPER TIRE & RUBBER CO 216831107 2 100 SH DEFINED 1 100 0 0
CORN PRODUCTS
INTERNATIONAL INC 219023108 8 194 SH SOLE 1 0 0 194
CORNING INC 219350105 301 12238 SH SOLE 1 1584 0 10654
CORRECTIONS CORP OF
AMERICA 22025Y407 51 1950 SH SOLE 1 0 0 1950
CREDIT SUISSE GROUP ADR 225401108 278 4194 SH SOLE 1 135 0 4059
CROSS TIMBERS ROYALTY
TRUST 22757R109 19 500 SH SOLE 1 0 0 500
CROWN CASTLE INTL CORP COM 228227104 93 2305 SH SOLE 1 19 0 2286
CYTEC INDS INC COM 232820100 10 159 SH SOLE 1 0 0 159
DNP SELECT INCOME FD INC 23325P104 11 1100 SH SOLE 1 1100 0 0
DRS TECHNOLOGIES INC 23330X100 11 215 SH SOLE 1 0 0 215
DTE ENERGY CO 233331107 4 100 SH SOLE 1 100 0 0
DWS MUNICIPAL INCOME
TRUST 23338M106 112 10425 DEFINED 1 10425 0 0
DAKTRONICS INC COM 234264109 15 560 SH SOLE 1 0 0 560
DANAHER CORP DEL COM 235851102 397 4809 SH SOLE 1 150 0 4659
DEERE & CO 244199105 247 1670 SH SOLE 1 1670 0 0
DELL INC 24702R101 98 3571 SH SOLE 1 3571 0 0
DELTIC TIMBER INC 247850100 359 6324 SH SOLE 1 6324 0 0
DELTIC TIMBER INC 247850100 24802 435743 SH DEFINED 1 0 435743 0
DEUTSCHE TELEKOM AG SPON ADR 251566105 4 239 SH SOLE 1 0 0 239
DIAGEO P L C SPON ADR NEW 25243Q205 367 4190 SH SOLE 1 134 0 4056
DIAMONDROCK
HOSPITALITY CO COM 252784301 17 1020 SH SOLE 1 0 0 1020
DIGITAL RLTY TR INC COM 253868103 39 1014 SH SOLE 1 0 0 1014
DIRECTTV GROUP INC 25459L106 166 6843 SH SOLE 1 0 0 6843
WALT DISNEY CO 254687106 66 1939 SH SOLE 1 539 0 1400
DISCOVER FINL SVCS COM 254709108 67 3226 SH SOLE 1 1444 0 1782
DISCOVER FINL SVCS COM 254709108 2 130 SH DEFINED 1 130 0 0
DOMTAR CORP COM 257559104 33 4141 SH SOLE 1 0 0 4141
DONNELLEY RR & SONS 257867101 10 290 SH SOLE 1 0 0 290
DOUBLE-TAKE SOFTWARE
INC COM 258598101 13 685 SH SOLE 1 0 0 685
DOW CHEMICAL CO 260543103 46 1080 SH SOLE 1 515 0 565
DREYFUS STRATEGIC
MUNICIPALS INC 261932107 0 9 SOLE 1 9 0 0
DU PONT EI D NEMOURS & CO 263534109 76 1550 SH SOLE 1 450 0 1100
DUKE ENERGY CORP COM 26441C105 26 1417 SH SOLE 1 1417 0 0
DUKE REALTY CORP 264411505 11 355 SH SOLE 1 0 0 355
6
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
DYNEGY INC DEL CL A 26817G102 62 6795 SH SOLE 1 0 0 6795
EMC CORP 268648102 18 876 SH SOLE 1 876 0 0
EMC CORP 268648102 35 1700 SH DEFINED 1 1700 0 0
ENI S P A SPONSORED
ADR 26874R108 268 3639 SH SOLE 1 0 0 3639
EASTGROUP PROPERTIES INC 277276101 2 60 SH SOLE 1 60 0 0
EASTMAN CHEMICAL CO 277432100 0 12 SH SOLE 1 12 0 0
EATON CORP COM 278058102 237 2400 SH SOLE 1 0 0 2400
EATON VANCE INSURED
MUNICIPAL BOND FUND II 27827K109 11 768 SOLE 1 768 0 0
EATON VANCE INSURED
MUNI BOND FD 27827X101 50 3300 SOLE 1 3300 0 0
EATON VANCE LIMITED
DURATION INCOME FUND 27828H105 20 1253 SH SOLE 1 1253 0 0
EATON VANCE TAX ADV
GLOBAL DIV INCOME 27828S101 27 1000 SH SOLE 1 1000 0 0
EATON VANCE TAX
MANAGED GLOB 27829C105 18 1000 SH SOLE 1 1000 0 0
EATON VANCE TAX
MANAGED GLOBAL 27829F108 37 2200 SH SOLE 1 2200 0 0
ECOLAB INC COMMON 278865100 260 5524 SH SOLE 1 173 0 5351
EDO CORP COM 281347104 14 250 SH SOLE 1 0 0 250
EDWARDS LIFESCIENCES CORP 28176E108 11 240 SH SOLE 1 240 0 0
EHEALTH INC COM 28238P109 14 510 SH SOLE 1 0 0 510
EL PASO CORPORATION 28336L109 384 22687 SH SOLE 1 748 0 21939
EL PASO ELEC CO 283677854 0 6 SH SOLE 1 6 0 0
ELECTRONIC ARTS INC 285512109 328 5864 SH SOLE 1 218 0 5646
EMBARQ CORP COM 29078E105 139 2510 SH SOLE 1 2510 0 0
EMBRAER-EMPRESA BRASILEIRA
DSP ADR COM SHS 29081M102 93 2136 SH SOLE 1 68 0 2068
EMERSON ELECTRIC CO 291011104 74 1400 SH SOLE 1 1400 0 0
ENCANA CORP-CAD 292505104 125 2031 SH SOLE 1 0 0 2031
ENCORE WIRE CORP COM 292562105 802 31948 SH SOLE 1 8198 0 23750
ENERGEN CORP 29265N108 57 1006 SH SOLE 1 1006 0 0
ENEL SOCIETA PER ARZION ADR 29265W108 4 85 SH SOLE 1 0 0 85
ENERGY EAST CORP COM 29266M109 6 240 SH SOLE 1 240 0 0
ENERPLUS RESOURCE FD 29274D604 46 975 SH SOLE 1 975 0 0
ENTERGY CORP 29364G103 476 4400 SH SOLE 1 2025 0 2375
ENTERGY CORP 29364G103 79 734 SH DEFINED 1 734 0 0
EQUITY RESIDENTIAL PPTYS
SBI 29476L107 1 34 SH SOLE 1 34 0 0
ERESEARCHTECHNOLOGY INC COM 29481V108 12 1095 SH SOLE 1 0 0 1095
ERICSSON (LM) TELE CO ADR (NEW) 294821608 863 21713 SH SOLE 1 1352 0 20361
EXELON CORP 30161N101 49 654 SH SOLE 1 654 0 0
EXELON CORP 30161N101 45 600 SH DEFINED 1 600 0 0
EXPEDIA INC DEL 30212P105 1 60 SH SOLE 1 60 0 0
EXPRESS SCRIPTS INC 302182100 47 850 SH SOLE 1 0 0 850
EXTERRAN PARTNERS, L.P. 30225N105 6 200 SH SOLE 1 200 0 0
EXXON MOBIL CORP 30231G102 9472 102342 SH SOLE 1 92471 0 9871
EXXON MOBIL CORP 30231G102 2267 24503 SH DEFINED 1 15903 8600 0
FEI CO 30241L109 2 80 SH SOLE 1 80 0 0
F M C CORP COMNEW 302491303 17 328 SH SOLE 1 0 0 328
FPL GROUP INC 302571104 30 500 SH SOLE 1 500 0 0
FAIRCHILD SEMICONDUCTRINTL
INC 303726103 53 2869 SH SOLE 1 0 0 2869
FED HMN LN MTG CORP VOTING COM 313400301 12 205 SH SOLE 1 0 0 205
FEDEX CORPORATION 31428X106 11 109 SH SOLE 1 109 0 0
FIDELITY NATIONAL
INFORMATION SVCS COM 31620M106 1 23 SH SOLE 1 23 0 0
FIDELITY NATIONAL
FINANCIAL INC 31620R105 0 45 SH SOLE 1 45 0 0
FIFTH THIRD BANCORP 316773100 3 91 SH SOLE 1 0 0 91
FINANCIAL FED CORP COM 317492106 11 409 SH SOLE 1 0 0 409
FIRST CASH FINANCIAL SVC
INC 31942D107 14 605 SH SOLE 1 0 0 605
FIRST HORIZON NATIONAL 320517105 8 305 SH SOLE 1 212 0 93
FIRST M & F CORP 320744105 83 4776 SH SOLE 1 4492 0 284
FIRST ENERGY CORP COMMON 337932107 278 4400 SH SOLE 1 4400 0 0
FORD MOTOR COMPANY COMMON 345370860 19 2256 SH SOLE 1 1756 0 500
FORDING CANADIAN COAL 345425102 19 500 SH SOLE 1 500 0 0
FOREST LABS 345838106 29 782 SH SOLE 1 0 0 782
FORWARD AIR CORP COM 349853101 7 266 SH SOLE 1 0 0 266
FRANCE TELECOM SPONSORED
ADR 35177Q105 2 76 SH SOLE 1 0 0 76
FREEPORT MCMORAN
COPPER & GOLD COM 35671D857 4 44 SH SOLE 1 44 0 0
FRONTIER OIL CORP 35914P105 8 200 SH SOLE 1 200 0 0
FUJIFILM HLDGS CORP ADR 2 ORD 35958N107 450 9816 SH SOLE 1 0 0 9816
GEO GROUP INC COM 36159R103 21 740 SH SOLE 1 0 0 740
GFI GROUP INC COM 361652209 17 205 SH SOLE 1 0 0 205
GALLAGHER ARTHUR J & CO 363576109 3 119 SH SOLE 1 0 0 119
GAMESTOP CORP 36467W109 43 764 SH SOLE 1 0 0 764
7
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
GANNETT INC COM 364730101 10 235 SH SOLE 1 0 0 235
GAP INC DEL COM 364760108 1 76 SH SOLE 1 76 0 0
GAYLORD ENTMT CO NEW COM 367905106 86 1628 SH SOLE 1 27 0 1601
GENENTECH INC 368710406 285 3660 SH SOLE 1 393 0 3267
GENERAL CABLE CORP DELNEW COM 369300108 66 989 SH SOLE 1 0 0 989
GENERAL ELECTRIC CO 369604103 2157 52104 SH SOLE 1 36073 0 16031
GENERAL ELECTRIC CO 369604103 14 350 SH DEFINED 1 350 0 0
GENERAL MLS INC COM 370334104 1 22 SH SOLE 1 22 0 0
GEN MTR CORP 370442105 45 1250 SH SOLE 1 150 0 1100
GLAXOSMITHKLINE PLC ADR 37733W105 494 9302 SH SOLE 1 279 0 9023
GLOBAL PAYMENTS INC 37940X102 68 1541 SH SOLE 1 0 0 1541
GOLDMAN SACHS GROUP 38141G104 49 230 SH SOLE 1 130 0 100
B F GOODRICH 382388106 56 822 SH SOLE 1 0 0 822
GOOGLE INC 38259P508 504 890 SH SOLE 1 28 0 862
GRANT PRIDECO INC COM 38821G101 29 540 SH SOLE 1 0 0 540
GULFPORT ENERGY CORP COM NEW 402635304 14 605 SH SOLE 1 0 0 605
HCC INSURANCE HOLDINGS,
INC 404132102 12 437 SH SOLE 1 0 0 437
HMS HLDGS CORP COM 40425J101 15 610 SH SOLE 1 0 0 610
HSBC HLDGS PLC SPONSORED
ADR 404280406 529 5723 SH SOLE 1 0 0 5723
HALLIBURTON CO COM 406216101 413 10777 SH SOLE 1 2101 0 8676
JOHN HANCOCK PFD INC II 41013X106 10 481 SH SOLE 1 481 0 0
JOHN HANCOCK PREFERRED
INCOME FUND III 41021P103 2 130 SH SOLE 1 130 0 0
HARRIS CORP 413875105 161 2800 SH SOLE 1 2800 0 0
HAWAIIAN ELEC INDS INC 419870100 24 1130 SH DEFINED 1 1130 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 24 285 SH SOLE 1 0 0 285
HEALTH CARE SERVICES
GROUP INC 421906108 8 423 SH SOLE 1 0 0 423
HEALTHEXTRAS INC COM 422211102 11 410 SH SOLE 1 0 0 410
HEALTHSPRING INC COM 42224N101 12 663 SH SOLE 1 0 0 663
HEALTHWAYS INC COM 422245100 50 942 SH SOLE 1 0 0 942
HEINZ H J CO COM 423074103 12 273 SH SOLE 1 273 0 0
HEWLETT PACKARD CO 428236103 303 6090 SH SOLE 1 4374 0 1716
HILB ROGAL & HOBBS COMPANY 431294107 8 195 SH SOLE 1 0 0 195
HOLOGIC INC COM 436440101 29 480 SH SOLE 1 0 0 480
HOME DEPOT 437076102 140 4338 SH SOLE 1 3038 0 1300
HOME DEPOT 437076102 38 1192 SH DEFINED 1 1192 0 0
HONEYWELL INTL INC 438516106 77 1300 SH SOLE 1 0 0 1300
HOSPIRA, INC 441060100 18 450 SH DEFINED 1 50 400 0
HOST HOTELS & RESORTS INC COM 44107P104 76 3432 SH SOLE 1 306 0 3126
HUBBELL INC CL B 443510201 57 1000 SH SOLE 1 0 0 1000
JB HUNT TRANSPORT SVC INC 445658107 53 2022 SH SOLE 1 0 0 2022
HUNTINGTON BANCSHARE INC 446150104 0 23 SH SOLE 1 23 0 0
ING CLARION GLOBAL REAL
ESTATE FUND 44982G104 9 500 SH SOLE 1 500 0 0
IDACORP INC COM 451107106 3 100 SH SOLE 1 100 0 0
IDEARC INC COM 451663108 7 244 SH SOLE 1 244 0 0
IDEARC INC COM 451663108 3 106 SH DEFINED 1 67 39 0
IDEX CORPORATION 45167R104 9 251 SH SOLE 1 0 0 251
ILLINOIS TOOL WORKS INC 452308109 9 152 SH SOLE 1 152 0 0
INFINEON TECH AG ADR 45662N103 421 24551 SH SOLE 1 718 0 23833
ING GROEP N V 456837103 191 4313 SH SOLE 1 0 0 4313
ING GLOBAL EQUITY DIV 45684E107 48 2500 SH SOLE 1 2500 0 0
INNERWORKINGS INC COM 45773Y105 19 1120 SH SOLE 1 0 0 1120
INTEL CORP CAP 458140100 733 28360 SH SOLE 1 3964 0 24396
INTEL CORP CAP 458140100 51 2000 SH DEFINED 1 2000 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 2 50 SH SOLE 1 0 0 50
INTERCONTINENTALEXCHANGE
INC COM 45865V100 299 1969 SH SOLE 1 61 0 1908
IBM CORP 459200101 874 7420 SH SOLE 1 3602 0 3818
IBM CORP 459200101 53 450 SH DEFINED 1 450 0 0
INTERNATIONAL GAME TECH 459902102 72 1683 SH SOLE 1 0 0 1683
INTL PAPER CO 460146103 10 300 SH SOLE 1 300 0 0
INTL PAPER CO 460146103 32 900 SH DEFINED 1 0 900 0
INTERPUBLIC GROUP COS INC COM 460690100 195 18875 SH SOLE 1 551 0 18324
INTUIT 461202103 0 24 SH SOLE 1 24 0 0
INVESCO PLC SPONSORED
ADR 46127U104 336 12341 SH SOLE 1 386 0 11955
INVESTMENT GRADE MUNICIPAL
INCOME FUND 461368102 123 9055 DEFINED 1 9055 0 0
IRON MTN INC COM 462846106 169 5569 SH SOLE 1 174 0 5395
ISHARES RUSSELL MIDCAP
VALUE 464287473 75 500 SH SOLE 1 0 0 500
ISHARES TR RUSSELL MCP GR 464287481 81 700 SH SOLE 1 0 0 700
8
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ISHARES RUSSELL MID CAP
INDEX FUND 464287499 609 5632 SH SOLE 1 0 0 5632
ISHARES TR RUSSELL
2000 VALUE INDEX FD 464287630 78 1025 SH SOLE 1 0 0 1025
ISHARES RUSSELL 2000
GROWTH INDEX FUND 464287648 87 1025 SH SOLE 1 0 0 1025
ISHARES TRUST RUSSELL
2000 INDEX 464287655 292 3649 SH SOLE 1 0 0 3649
ISHARES TR DOW JONES
REAL ESTATE INDEX FUND 464287739 39 520 SH SOLE 1 520 0 0
JPMORGAN CHASE & CO COM 46625H100 264 5773 SH SOLE 1 4208 0 1565
JPMORGAN CHASE & CO COM 46625H100 89 1956 SH DEFINED 1 0 1956 0
JOHNSON & JOHNSON 478160104 1700 25877 SH SOLE 1 24677 0 1200
JOHNSON & JOHNSON 478160104 466 7100 SH DEFINED 1 5900 1200 0
JOHNSON CONTROLS INC 478366107 64 550 SH SOLE 1 550 0 0
KBR INC COM 48242W106 50 1299 SH SOLE 1 0 0 1299
KANSAS CITY SOUTHERN COM NEW 485170302 52 1646 SH SOLE 1 0 0 1646
KELLOGG CO 487836108 24 446 SH SOLE 1 446 0 0
KENEXA CORP COM 488879107 25 815 SH SOLE 1 0 0 815
KENNAMETAL INC COM 489170100 15 184 SH SOLE 1 0 0 184
KEYCORP NEW 493267108 41 1275 SH SOLE 1 900 0 375
KIMBERLY-CLARK CORP 494368103 35 507 SH SOLE 1 312 0 195
KIMBERLY-CLARK CORP 494368103 17 250 SH DEFINED 1 250 0 0
KINDER MORGAN ENERGY
PARTNERS, L.P 494550106 11 232 SH SOLE 1 232 0 0
KONINKLIJKE PHLPS
ELECTRS N V SP ADR NEW 500472303 199 4441 SH SOLE 1 0 0 4441
KOOKMIN BANK F ADR 50049M109 72 888 SH SOLE 1 29 0 859
KRAFT FOODS 50075N104 162 4704 SH SOLE 1 4326 0 378
KRISPY KREME DOUGHNUTS INC COM 501014104 0 1 SH SOLE 1 1 0 0
KROGER CO 501044101 5 200 SH SOLE 1 200 0 0
LHC GROUP INC COM 50187A107 11 559 SH SOLE 1 0 0 559
LSI CORPORATION COM 502161102 0 6 SH SOLE 1 6 0 0
LAFARGE SPONSORED
ADR 505861401 4 125 SH SOLE 1 0 0 125
LAS VEGAS SANDS CORP 517834107 157 1178 SH SOLE 1 45 0 1133
LEAP WIRELESS INTL INC COMNEW 521863308 38 475 SH SOLE 1 0 0 475
LENNOX INTL INC COM 526107107 21 646 SH SOLE 1 0 0 646
LEVEL 3 COMMUNICATIONS INC 52729N100 21 4685 SH SOLE 1 4685 0 0
LIBERTY ALL STAR EQUITY FD 530158104 203 24762 SH SOLE 1 24762 0 0
LIFECELL CORP COM 531927101 23 615 SH SOLE 1 0 0 615
ELI LILLY & CO 532457108 108 1900 SH SOLE 1 1900 0 0
ELI LILLY & CO 532457108 74 1300 SH DEFINED 1 1300 0 0
LIMITED BRANDS, INC 532716107 155 6814 SH SOLE 1 470 0 6344
LINCOLN ELECTRIC CO
HOLDINGS 533900106 11 147 SH SOLE 1 0 0 147
LINCOLN NATIONAL CORP IND 534187109 12 185 SH SOLE 1 0 0 185
LIQUIDITY SERVICES INC COM 53635B107 5 525 SH SOLE 1 0 0 525
LLOYDS TSB GROUP PLC ADR 539439109 371 8360 SH SOLE 1 267 0 8093
LOCKHEED MARTIN CORP 539830109 91 845 SH SOLE 1 845 0 0
LOWES CO INC 548661107 275 9834 SH SOLE 1 9834 0 0
M & T BANK CORP 55261F104 206 2000 SH SOLE 1 2000 0 0
MBIA INC 55262C100 553 9074 SH SOLE 1 269 0 8805
MB FINANCIAL INC NEW 55264U108 8 249 SH SOLE 1 0 0 249
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 1 200 SH SOLE 1 200 0 0
MSC INDL DIRECT CO A 553530106 17 355 SH SOLE 1 0 0 355
MACQUARIE INFRASTR CO
LLC MEMBERSHIP INT 55608B105 1 36 SH SOLE 1 0 0 36
MACYS INC 55616P104 2 80 SH SOLE 1 80 0 0
MAGELLAN MIDSTREAM
PARTNERS LP 559080106 10 250 SH SOLE 1 250 0 0
MAIDENFORM BRANDS INC COM 560305104 13 865 SH SOLE 1 0 0 865
MANULIFE FINANCIAL CORP 56501R106 1631 39550 SH SOLE 1 39550 0 0
MARATHON OIL CORP 565849106 16 281 SH SOLE 1 76 0 205
MARRIOTT INTL INC NEW CL A 571903202 288 6634 SH SOLE 1 207 0 6427
MATTELL INC 577081102 11 500 SH SOLE 1 0 0 500
MCDERMOTT INTL INC COM 580037109 67 1250 SH SOLE 1 0 0 1250
MCDONALD'S CORP 580135101 76 1400 SH SOLE 1 0 0 1400
MCGRATH RENTCORP 580589109 12 368 SH SOLE 1 0 0 368
MCKESSON CORP 58155Q103 3 59 SH SOLE 1 59 0 0
MEADWESTVACO CORP 583334107 45 1547 SH SOLE 1 1547 0 0
MEDCO HEALTH SOLUTIONS INC 58405U102 36 399 SH SOLE 1 399 0 0
MEDICAL ACTION INDUSTRIES
INC 58449L100 11 497 SH SOLE 1 75 0 422
MEDTRONIC INC COM 585055106 21 390 SH SOLE 1 390 0 0
MENS WEARHOUSE INC COM 587118100 15 310 SH SOLE 1 0 0 310
MERCK & CO INC 589331107 302 5851 SH SOLE 1 4086 0 1765
MERRILL LYNCH & CO, INC 590188108 33 470 SH SOLE 1 320 0 150
METLIFE INC COM 59156R108 21 309 SH SOLE 1 309 0 0
METROPCS COMMUNICATIONS
INC COM 591708102 250 9187 SH SOLE 1 287 0 8900
9
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
MICROS SYSTEMS INC 594901100 11 170 SH SOLE 1 0 0 170
MICROSOFT CORP 594918104 895 30391 SH SOLE 1 8716 0 21675
MICROCHIP TECH INC 595017104 300 8277 SH SOLE 1 259 0 8018
MICRON TECHNOLOGY 595112103 54 4929 SH SOLE 1 0 0 4929
MICROSEMI CORP 595137100 12 435 SH SOLE 1 0 0 435
MID-AMERICA APARTMENT
CMNTYS 59522J103 27 550 SH DEFINED 1 550 0 0
MIDAS GROUP INC 595626102 12 666 SH SOLE 1 666 0 0
MINDSPEED TECNOLOGIES 602682106 0 58 SH SOLE 1 58 0 0
MIRANT CORP NEW COM 60467R100 60 1485 SH SOLE 1 199 0 1286
MIRANT CORP NEW WT SER A 60467R118 6 322 SH SOLE 1 322 0 0
MITSUBISHI UFJ FINANCIAL
GROUP INC 606822104 306 33755 SH SOLE 1 1075 0 32680
MOBILE MINI INC COM 60740F105 16 690 SH SOLE 1 0 0 690
MONEYGRAM INTERNATIONAL
INC 60935Y109 7 348 SH SOLE 1 348 0 0
MONOTYPE IMAGING HOLDINGS
IN COM 61022P100 13 1065 SH SOLE 1 0 0 1065
MONRO MUFFLER BRAKE INC COM 610236101 10 300 SH SOLE 1 0 0 300
MONSANTO CO. (NEW) 61166W101 37 434 SH SOLE 1 434 0 0
MONTGOMERY STREET
INCOME SECURITIES, INC 614115103 19 1160 SH SOLE 1 1160 0 0
MOOG INC CL A 615394202 19 441 SH SOLE 1 0 0 441
MORGAN STANLEY DEAN
WITTER DISCOVER & CO 617446448 197 3135 SH SOLE 1 3135 0 0
MORGAN STANLEY DEAN
WITTER DISCOVER & CO 617446448 16 260 SH DEFINED 1 260 0 0
MOTOROLA INC 620076109 8 468 SH SOLE 1 468 0 0
MOTOROLA INC 620076109 5 300 SH DEFINED 1 300 0 0
MUNICIPAL MORTGAGE &
EQUITY LLC - GROWTH SH 62624B101 90 4000 SH SOLE 1 4000 0 0
MURPHY OIL CORP COM 626717102 10212 146144 SH SOLE 1 140144 0 6000
MURPHY OIL CORP COM 626717102 531368 7604012 SH DEFINED 1 0 7604012 0
MYLAN LABORATORIES INC 628530107 27 1700 SH SOLE 1 1700 0 0
NII HLDGS INC CL B NEW 62913F201 80 974 SH SOLE 1 0 0 974
NRG ENERGY INC COMNEW 629377508 52 1241 SH SOLE 1 0 0 1241
NTT DOCOMO INC SPONS ADR 62942M201 191 13451 SH SOLE 1 429 0 13022
NASDAQ STOCK MARKET INC COM 631103108 73 1960 SH SOLE 1 0 0 1960
NATCO GROUP INC CL A 63227W203 16 310 SH SOLE 1 0 0 310
NATIONAL CITY CORP COM 635405103 4 169 SH SOLE 1 45 0 124
NEENAH PAPER INC 640079109 0 15 SH SOLE 1 15 0 0
NEUSTAR INC CL A 64126X201 22 670 SH SOLE 1 0 0 670
NEW YORK COMMUNITY BANCORP
INC 649445103 1 100 SH SOLE 1 0 0 100
NEWPARK RESOURCES, INC 651718504 0 8 SH SOLE 1 8 0 0
NEWS CORP 65248E104 316 14414 SH SOLE 1 450 0 13964
NFJ DIV INT & PREM
STRATEGY 65337H109 90 3828 SH SOLE 1 3828 0 0
NIPPON TEL & TEL SPON ADR 654624105 187 8076 SH SOLE 1 250 0 7826
NISOURCE INC 65473P105 3 200 SH SOLE 1 200 0 0
NOKIA CORP SPND ADR 654902204 489 12917 SH SOLE 1 0 0 12917
NOMURA HOLDINGS INC ADR 65535H208 196 11795 SH SOLE 1 380 0 11415
NORDSON CORP COM 655663102 15 302 SH SOLE 1 0 0 302
NORFOLK SO CORP 655844108 91 1769 SH SOLE 1 1534 0 235
NORSK HYDRO AS ADR 656531605 7 180 SH SOLE 1 0 0 180
NORTHERN TRUST
COMPANY NTRS 665859104 117 1780 SH SOLE 1 1780 0 0
NORTHERN TRUST
COMPANY NTRS 665859104 238 3600 SH DEFINED 1 3600 0 0
NOVAGOLD RESOURCES INC 66987E206 16 1000 SH SOLE 1 1000 0 0
NOVARTIS AG SPONSORED
ADR 66987V109 876 15945 SH SOLE 1 511 0 15434
NOVELL INC 670006105 42 5545 SH SOLE 1 0 0 5545
NUVEEN INSD PREMIUM
INCOME MUNI FD 6706D8104 111 8938 SOLE 1 8938 0 0
NUVEEN EQUITY PREM
ADVANTAGE 6706ET107 52 3037 SH SOLE 1 3037 0 0
NUVEEN TAX ADVANTAGED
FLOATING RT FD 6706EV102 26 2000 SOLE 1 2000 0 0
NUVEEN PREMIUM INCOME
MUN FUND 4 6706K4105 24 2000 DEFINED 1 2000 0 0
NUVEEN INSURED
QUALITY MUNICIPAL
FD (CLOSED END) 67062N103 65 4700 SOLE 1 4700 0 0
NUVEEN PERFORMANCE
PLUS MUNICIPAL FD 67062P108 129 9285 DEFINED 1 9285 0 0
NUTRI SYS INC NEW COM 67069D108 19 415 SH SOLE 1 0 0 415
NUVEEN DIV ADVANTAGE
MUN FD 67070F100 20 1350 SOLE 1 1350 0 0
NUVEEN INSURED ADVANTAGE 67071L106 47 3400 SOLE 1 3400 0 0
NUVEEN MUN VALUE FD INC 670928100 435 45231 SOLE 1 45231 0 0
NUVEEN MUN VALUE FD INC 670928100 96 10000 DEFINED 1 10000 0 0
10
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
NUVEEN SELECT QUALITY
MUNICIPAL FUND 670973106 24 1650 SOLE 1 1650 0 0
NUVEEN INSURED MUNICIPAL
OPPORTUNITY FUND INC 670984103 107 7600 SOLE 1 7600 0 0
NUVEEN PREMIER
INSURED MUN INCOME
FUND INC 670987106 13 1000 DEFINED 1 1000 0 0
NUVEEN PREMIER MUNICIPAL
INC 670988104 20 1565 SOLE 1 1565 0 0
OCCIDENTAL PETE COR DEL 674599105 79 1237 SH SOLE 1 1022 0 215
OIL STATES
INTERNATIONAL INC 678026105 22 461 SH SOLE 1 0 0 461
OMNICARE INC COM 681904108 74 2251 SH SOLE 1 0 0 2251
ON SEMICONDUCTOR CORP COM 682189105 45 3638 SH SOLE 1 0 0 3638
OPNEXT INC COM 68375V105 17 1520 SH SOLE 1 0 0 1520
ORACLE SYSTEMS CORP 68389X105 30 1421 SH SOLE 1 1421 0 0
ORIX CORP 686330101 6 55 SH SOLE 1 0 0 55
OTELCO INC 688823202 9 500 SH SOLE 1 500 0 0
OWENS & MINOR INC NEW COM 690732102 15 400 SH SOLE 1 0 0 400
P.A.M. TRANSPORTATION
SERVICES, INC 693149106 1 100 SH SOLE 1 100 0 0
PG&E CORP 69331C108 19 418 SH SOLE 1 418 0 0
PMC SIERRA INC 69344F106 57 6820 SH SOLE 1 0 0 6820
PACTIV COPR 695257105 25 897 SH SOLE 1 897 0 0
PANERA BREAD COMPANY 69840W108 49 1217 SH SOLE 1 0 0 1217
PARALLEL PETE CORP DEL COM 699157103 20 1235 SH SOLE 1 0 0 1235
PAYCHEX INC 704326107 320 7816 SH SOLE 1 244 0 7572
PEDIATRIX MEDICAL GROUP
INC 705324101 26 410 SH SOLE 1 0 0 410
PENN NATL GAMING INC COM 707569109 29 506 SH SOLE 1 0 0 506
PENSKE AUTOMOTIVE GRP INC COM 70959W103 9 479 SH SOLE 1 0 0 479
PEPSI BOTTLING GROUP INC 713409100 1 33 SH SOLE 1 33 0 0
PEPSIAMERICAS INC 71343P200 129 4000 SH SOLE 1 4000 0 0
PEPSICO INC COM 713448108 1633 22304 SH SOLE 1 17343 0 4961
PEPSICO INC COM 713448108 112 1530 SH DEFINED 1 430 1100 0
PERFICIENT INC COM 71375U101 20 945 SH SOLE 1 0 0 945
PT TELEKOM INDONESIA ADR 715684106 86 1763 SH SOLE 1 57 0 1706
PETROHAWK ENERGY CORP 716495106 14 870 SH SOLE 1 0 0 870
PETROBRAS 71654V408 18 250 SH SOLE 1 0 0 250
PETROQUEST ENERGY INC COM 716748108 12 1123 SH SOLE 1 0 0 1123
PETSMART INC 716768106 50 1583 SH SOLE 1 0 0 1583
PFIZER INC 717081103 440 18046 SH SOLE 1 16217 0 1829
PFIZER INC 717081103 61 2500 SH DEFINED 1 1800 700 0
PHARMERICA CORP COM 71714F104 0 3 SH SOLE 1 3 0 0
PHASE FORWARD INC COM 71721R406 16 804 SH SOLE 1 0 0 804
PHILLIPS VAN HEUSEN CORP COM 718592108 40 773 SH SOLE 1 0 0 773
PHOENIX TECHNOLOGY LTD COM 719153108 23 2180 SH SOLE 1 0 0 2180
PIMCO MUNI INCOME FUND III 72201A103 20 1333 SOLE 1 1333 0 0
PIMCOM F/R STATEGY
FUND 72201J104 24 1400 SH SOLE 1 1400 0 0
PINNACLE ENTMT INC COM 723456109 66 2430 SH SOLE 1 0 0 2430
PITNEY BOWES INC COM 724479100 0 13 SH SOLE 1 13 0 0
PLUM CREEK TIMBER CO INC 729251108 22 500 SH SOLE 1 500 0 0
POLARIS INDS INC 731068102 4 100 SH SOLE 1 0 0 100
PORTFOLIO RECOVERY
ASSOCIATES INC 73640Q105 25 485 SH SOLE 1 0 0 485
POWERSHARES QQQ TR 73935A104 0 1 SH SOLE 1 1 0 0
PRAXAIR INC COM 74005P104 40 478 SH SOLE 1 478 0 0
PRECISION CASTPARTS CORP COM 740189105 406 2750 SH SOLE 1 86 0 2664
PRIMEWEST ENERGY TRUST
UNIT NEW 741930309 52 1999 SH SOLE 1 1999 0 0
PRINCIPAL FINANCIAL GROUP 74251V102 80 1283 SH SOLE 1 1283 0 0
PROCTER & GAMBLE CO COM 742718109 1731 24619 SH SOLE 1 16614 0 8005
PROCTER & GAMBLE CO COM 742718109 492 7000 SH DEFINED 1 7000 0 0
PROGRESS ENERGY INC COM 743263105 23 500 SH SOLE 1 500 0 0
PROLOGIS SH BEN INT
COM 743410102 0 12 SH SOLE 1 12 0 0
PROSPERITY BANCSHARES INC COM 743606105 15 461 SH SOLE 1 0 0 461
PROVIDENT ENERGY UNIT INV
TRUST 74386K104 12 1000 SH SOLE 1 1000 0 0
PRUDENTIAL PLC ADR 74435K204 8 265 SH SOLE 1 0 0 265
PSYCHIATRIC SOLUTIONS 74439H108 30 780 SH SOLE 1 0 0 780
PUBLIC SVC ENTERPRISE
GROUP INC 744573106 29 330 SH SOLE 1 330 0 0
PUBLIC STORAGE, INC
REIT 74460D109 35 456 SH SOLE 1 456 0 0
11
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
PUBLICIS S A NEW
SPONSORED
ADR 74463M106 180 4395 SH SOLE 1 139 0 4256
PUGET ENERGY INC NEW COM 745310102 7 300 SH SOLE 1 300 0 0
PUTNAM HIGH INCOME SEC
FUND 746779107 2 300 SH SOLE 1 300 0 0
PUTNAM MANAGED MUNICIPAL
INCOME TRUST 746823103 1 250 SOLE 1 250 0 0
QIMONDA AG SPONSORED
ADR 746904101 122 10835 SH SOLE 1 331 0 10504
QUALCOMM INC 747525103 431 10205 SH SOLE 1 319 0 9886
QUANTUM FUEL SYS
TECHNOLOGIES COM 74765E109 0 285 SH SOLE 1 285 0 0
QUEST DIAGNOSTICS INC 74834L100 74 1288 SH SOLE 1 0 0 1288
RMK HIGH INCOME FUND 74963B105 8 1008 SH SOLE 1 1008 0 0
RMR ASIA REAL ESTATE FUND 74964Q101 8 500 SH SOLE 1 500 0 0
RALCORP HOLDINGS NEW COM 751028101 16 301 SH SOLE 1 0 0 301
RAYMOND JAMES FINANCIAL
CORP 754730109 21 643 SH SOLE 1 0 0 643
RAYTHEON CO NEW 755111507 381 5976 SH SOLE 1 187 0 5789
REED ELSEVIER N V SPONSORED
ADR 758204101 6 180 SH SOLE 1 0 0 180
REED ELSEVIER PLC SPON ADR 758205108 278 5525 SH SOLE 1 0 0 5525
REGAL ENTMT GROUP CL A 758766109 52 2408 SH SOLE 1 0 0 2408
REGIS CORPORATION-MN 758932107 8 272 SH SOLE 1 0 0 272
REGIONS FINANCIAL CORP NEW 7591EP100 1862 63213 SH SOLE 1 62443 0 770
REGIONS FINANCIAL CORP NEW 7591EP100 64 2205 SH DEFINED 1 0 2205 0
RELIANT ENERGY INC 75952B105 73 2862 SH SOLE 1 1022 0 1840
RENASANT CORP COM 75970E107 45 2109 SH SOLE 1 975 0 1134
REPSOL YPF ADR 76026T205 157 4438 SH SOLE 1 0 0 4438
REXAM PLC SP ADR NEW
2001 761655406 7 130 SH SOLE 1 0 0 130
REYNOLDS AMERICAN INC 761713106 12 195 SH SOLE 1 0 0 195
RIO TINTO PLC SPONSORED
ADR 767204100 8 25 SH SOLE 1 0 0 25
RIVUS BOND FUND 769667106 19 1100 SH SOLE 1 1100 0 0
ROCKWELL AUTOMATION, INC 773903109 12 177 SH SOLE 1 177 0 0
ROCKWELL COLLINS INC 774341101 12 177 SH SOLE 1 177 0 0
ROFIN SINAR TECHNOLOGIES
INCCOM 775043102 12 172 SH SOLE 1 0 0 172
ROWAN COMPANIES INC 779382100 62 1714 SH SOLE 1 0 0 1714
ROYAL BK SCOTLAND GROUP ADR PREF
SHS SER Q 780097754 28 1200 SH SOLE 1 1200 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 222 2705 SH SOLE 1 87 0 2618
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 127 1551 SH DEFINED 1 1551 0 0
ROYAL DUTCH SHELL PLC 780259206 6 75 SH SOLE 1 0 0 75
ROYAL DUTCH SHELL PLC 780259206 262 3200 SH DEFINED 1 3200 0 0
ROYCE FOCUS TRUST INC 78080N108 2 281 SH SOLE 1 281 0 0
ROYCE VALUE TR INC 780910105 10 544 SH SOLE 1 544 0 0
ROYCE MICRO CAP TRUST INC 780915104 1 103 SH SOLE 1 103 0 0
SABINE ROYALTY TRUST 785688102 140 3200 SH SOLE 1 0 0 3200
SANOFI-AVENTIS ADR 80105N105 255 6013 SH SOLE 1 188 0 5825
SAVVIS INC COMNEW 805423308 100 2599 SH SOLE 1 0 0 2599
SCANA CORP NEW 80589M102 27 722 SH SOLE 1 722 0 0
SCHERING PLOUGH CORP COM 806605101 512 16196 SH SOLE 1 16196 0 0
SCHLUMBERGER LTD COM 806857108 1495 14239 SH SOLE 1 9906 0 4333
THE CHARLES SCHWAB CORP 808513105 366 16969 SH SOLE 1 531 0 16438
SCIENTIFIC GAMES CORP CL A 80874P109 52 1394 SH SOLE 1 0 0 1394
SCOTTS MIRACLE GRO CO CL A 810186106 13 316 SH SOLE 1 0 0 316
SEMPRA ENERGY COM 816851109 12 210 SH SOLE 1 0 0 210
THE SHAW GROUP INC 820280105 29 505 SH SOLE 1 505 0 0
SHIRE PLC ADR 82481R106 10 146 SH SOLE 1 146 0 0
SIEMENS AG SPONS ADR 826197501 6 45 SH SOLE 1 0 0 45
SIGMA DESIGNS INC 826565103 18 385 SH SOLE 1 0 0 385
SIGNET GROUP PLC SP ADR REP
10 82668L872 1 110 SH SOLE 1 0 0 110
SIGNATURE BK NEW YORK N Y COM 82669G104 12 360 SH SOLE 1 0 0 360
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 321 12200 SH SOLE 1 12200 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 13 500 SH DEFINED 1 500 0 0
SIMON PROPERTY GROUP INC 828806109 3 31 SH SOLE 1 31 0 0
SIRIUS SATTELITE RADIO 82966U103 1 300 SH SOLE 1 0 0 300
SKYWORKS SOLUTIONS 83088M102 0 61 SH SOLE 1 61 0 0
12
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
SMITH MICRO SOFTWARE INC COM 832154108 19 1230 SH SOLE 1 0 0 1230
SONY CORP 835699307 418 8699 SH SOLE 1 0 0 8699
SOTHEBYS HLDGS INC CL A 835898107 44 925 SH SOLE 1 0 0 925
SOUTHERN CO COM 842587107 608 16785 SH SOLE 1 16425 0 360
SOUTHERN CO COM 842587107 145 4021 SH DEFINED 1 4021 0 0
SOUTHWEST AIRLS CO COM 844741108 1 102 SH SOLE 1 102 0 0
SOUTHWESTERN ENERGY CO 845467109 38 927 SH SOLE 1 0 0 927
SPECTRA ENERGY 847560109 11 458 SH SOLE 1 458 0 0
SPRINT NEXTEL CORP COM 852061100 953 50200 SH SOLE 1 50200 0 0
STAGE STORES INC COM NEW 85254C305 8 447 SH SOLE 1 0 0 447
STANLEY WORKS 854616109 11 210 SH SOLE 1 0 0 210
STAPLES INCORPORATED
(RETAIL & DELIVERY) 855030102 282 13144 SH SOLE 1 411 0 12733
STARBUCKS CORP 855244109 2 81 SH SOLE 1 81 0 0
STARWOOD HOTELS &
RESORTS WORLDWIDE INC COM 85590A401 31 520 SH SOLE 1 520 0 0
STATOIL ASA SPON ADR 85771P102 241 7110 SH SOLE 1 0 0 7110
STERLING FINANCIAL CORP
(WA) 859319105 15 573 SH SOLE 1 0 0 573
STORA ENSO OYJ ADR 86210M106 210 10866 SH SOLE 1 0 0 10866
SUBURBAN PROPANE PARTNERS
L P 864482104 22 500 SH SOLE 1 500 0 0
SUNCOR ENERGY INC 867229106 98 1034 SH SOLE 1 1034 0 0
SUNRISE SENIOR LIVING INC COM 86768K106 15 445 SH SOLE 1 0 0 445
SUNTRUST BANKS INC COM 867914103 205 2717 SH SOLE 1 2243 0 474
SYBASE INC COM 871130100 16 725 SH SOLE 1 0 0 725
SYNCHRONOSS TECHNOLOGIES
INC COM 87157B103 29 698 SH SOLE 1 0 0 698
SYSCO CORP 871829107 30 863 SH SOLE 1 863 0 0
TECO ENERGY INC COM 872375100 8 527 SH SOLE 1 527 0 0
TJX COMPANIES 872540109 22 785 SH SOLE 1 785 0 0
TXU CORP 873168108 227 3325 SH SOLE 1 325 0 3000
TAIWAN SEMICONDUCTOR MFG
CO LTD ADR'S 874039100 82 8125 SH SOLE 1 0 0 8125
TALISMAN ENERGY INC COM 87425E103 6 310 SH SOLE 1 0 0 310
TARGET CORP 87612E106 624 9832 SH SOLE 1 904 0 8928
TARGET CORP 87612E106 3 55 SH DEFINED 1 55 0 0
TASER INT'L UTS 87651B104 20 1290 SH SOLE 1 0 0 1290
TEAM INC 878155100 9 338 SH SOLE 1 0 0 338
TELECOM ITALIA SPA ORD SHS 87927Y102 4 134 SH SOLE 1 0 0 134
TELECOM CORP OF NEW
ZEALAND 879278208 3 217 SH SOLE 1 0 0 217
TELEFLEX INC COM 879369106 18 232 SH SOLE 1 0 0 232
TELEFONOS DE MEXICO
SA DE CV SPONS ADR 879403780 10 314 SH SOLE 1 314 0 0
TELLABS INC DELAWARE 879664100 1 200 SH DEFINED 1 200 0 0
TEMPLE INLAND INC COM 879868107 73 1400 SH SOLE 1 1400 0 0
TERRA INDUSTRIES INC 880915103 0 15 SH SOLE 1 15 0 0
TESCO CORP COM 88157K101 16 610 SH SOLE 1 0 0 610
TEVA PHARMACEUTICAL IND ADR'S 881624209 89 2023 SH SOLE 1 60 0 1963
TEXAS INSTRUMENTS 882508104 430 11755 SH SOLE 1 2014 0 9741
THERMO FISHER SCIENTIFIC
INC 883556102 351 6098 SH SOLE 1 205 0 5893
THESTREET COM COM 88368Q103 12 1010 SH SOLE 1 0 0 1010
THOMAS MULTIMEDIA ADR 885118109 257 16872 SH SOLE 1 546 0 16326
3M CO 88579Y101 375 4011 SH SOLE 1 1811 0 2200
TIFFANY & CO NEW 886547108 47 904 SH SOLE 1 904 0 0
TIME WARNER INC 887317105 103 5662 SH SOLE 1 5662 0 0
TIME WARNER TELECOM INC CL A 887319101 46 2136 SH SOLE 1 0 0 2136
TITANIUM METALS CORP COM NEW 888339207 68 2055 SH SOLE 1 0 0 2055
TORONTO-DOMINION BANK ADR 891160509 7 94 SH SOLE 1 94 0 0
TOTAL FINA ELF S.A. ADR 89151E109 384 4747 SH SOLE 1 151 0 4596
TOWER GROUP INC COM 891777104 16 645 SH SOLE 1 0 0 645
TOYOTA MOTOR CORP ADR NEW 892331307 176 1509 SH SOLE 1 46 0 1463
TRAVELERS COMPANIES INC COM 89417E109 178 3542 SH SOLE 1 140 0 3402
TRIARC COMPANIES "B" SR1 895927309 8 655 SH SOLE 1 0 0 655
TRIBUNE COMPANY 896047107 21 800 SH SOLE 1 800 0 0
TRUSTMARK CORP COM 898402102 439 15659 SH SOLE 1 15659 0 0
TYLER TECHNOLOGIES INC COM 902252105 4 341 SH SOLE 1 0 0 341
UGI CORP NEW 902681105 13 502 SH SOLE 1 502 0 0
USA TRUCK INC - RESTRICTED 902925106 404 26498 SH SOLE 1 26498 0 0
US BANCORP DELNEW 902973304 18 572 SH SOLE 1 395 0 177
URS CORP NEW COM 903236107 19 353 SH SOLE 1 0 0 353
U S AIRWAYS GROUP INC COM 90341W108 33 1295 SH SOLE 1 0 0 1295
UAP HLDG CORP COM 903441103 25 815 SH SOLE 1 0 0 815
ULTRA PETROLEUM CORP-CAD 903914109 66 1076 SH SOLE 1 0 0 1076
UNILEVER NV NY NEW 904784709 343 11125 SH SOLE 1 353 0 10772
13
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
UNION PACIFIC CORP 907818108 22 200 SH SOLE 1 200 0 0
UNION PACIFIC CORP 907818108 248 2200 SH DEFINED 1 0 2200 0
UNITED FIRE & CAS CO COM 910331107 17 444 SH SOLE 1 0 0 444
UNITED INDUSTRIAL CORP 910671106 13 179 SH SOLE 1 179 0 0
UNITED PARCEL SERVICE - CLB 911312106 0 10 SH SOLE 1 10 0 0
UNITED TECHNOLOGIES CORP 913017109 564 7011 SH SOLE 1 342 0 6669
UNITED THERA PEUTICS CORP 91307C102 23 355 SH SOLE 1 0 0 355
UNITEDHEALTH GROUP 91324P102 0 13 SH SOLE 1 13 0 0
UNIVERSAL HEALTH SERVICES
INC CL B 913903100 51 945 SH SOLE 1 0 0 945
UPM KYMMENE CORP SPN ADR 915436109 299 12448 SH SOLE 1 0 0 12448
VF CORPORATION 918204108 11 140 SH SOLE 1 0 0 140
VALSPAR CORP COM 920355104 13 500 SH SOLE 1 0 0 500
VALUECLICK INC COM 92046N102 10 475 SH SOLE 1 0 0 475
VARIAN MEDICAL SYSTEMS 92220P105 63 1508 SH SOLE 1 0 0 1508
VASCO DATA SEC INTL INC COM 92230Y104 21 595 SH SOLE 1 0 0 595
VECTREN CORP COM 92240G101 16 587 SH SOLE 1 0 0 587
VERIZON COMMUNICATIONS 92343V104 545 12316 SH SOLE 1 5931 0 6385
VERIZON COMMUNICATIONS 92343V104 111 2517 SH DEFINED 1 1719 798 0
VIAD CORPORATION 92552R406 3 87 SH SOLE 1 87 0 0
VIGNETTE CORP COMNEW 926734401 11 556 SH SOLE 1 0 0 556
VISTEON CORP 92839U107 0 123 SH SOLE 1 123 0 0
VODAFONE GROUP PLC NEW SPONS
ADR NEW 92857W209 670 18483 SH SOLE 1 1924 0 16559
VODAFONE GROUP PLC NEW SPONS
ADR NEW 92857W209 17 494 SH DEFINED 1 0 494 0
VOLCOM INC COM 92864N101 25 610 SH SOLE 1 0 0 610
W.P.CAREY & CO., LLC 92930Y107 15 500 SH SOLE 1 500 0 0
WPP GROUP PLC SPON ADR 0905 929309409 309 4588 SH SOLE 1 134 0 4454
WACHOVIA CORP NEW COM 929903102 47 949 SH SOLE 1 584 0 365
WACHOVIA CORP NEW COM 929903102 15 300 SH DEFINED 1 300 0 0
WADDELL & REED FINANCIAL
INC CLASS A 930059100 16 613 SH SOLE 1 0 0 613
WAL MART STORES INC COM 931142103 1185 27156 SH SOLE 1 24556 0 2600
WAL MART STORES INC COM 931142103 50 1166 SH DEFINED 1 1166 0 0
WALGREEN CO COM 931422109 345 7315 SH SOLE 1 1814 0 5501
WASHINGTON MUTUAL INC 939322103 52 1500 SH SOLE 1 775 0 725
WASTE CONNECTIONS INC 941053100 9 309 SH SOLE 1 0 0 309
WASTE MANAGEMENT INC NEW 94106L109 13 369 SH SOLE 1 369 0 0
WEINGARTEN RLTY INVS 948741103 12 300 SH SOLE 1 0 0 300
WELLPOINT INC COM 94973V107 317 4019 SH SOLE 1 125 0 3894
WELLS FARGO & CO. NEW 949746101 35 1000 SH SOLE 1 1000 0 0
WELLS FARGO & CO. NEW 949746101 14 400 SH DEFINED 1 400 0 0
WESCO INTL INC COM 95082P105 11 270 SH SOLE 1 0 0 270
WESTAR ENERGY INC 95709T100 25 1033 SH SOLE 1 700 0 333
WESTERN ASSET HIGH
INCOME OPPORTUNITY FD COM 95766K109 16 2500 SH SOLE 1 2500 0 0
WESTERN ASSET VAR RATE 957667108 42 2538 SH SOLE 1 2538 0 0
WESTERN DIGITAL CORP 958102105 16 637 SH SOLE 1 0 0 637
WESTERN UNION CO 959802109 399 19062 SH SOLE 1 580 0 18482
WHITNEY HOLDING CORP COMMON 966612103 9 375 SH SOLE 1 375 0 0
WHOLE FOODS MARKET INC 966837106 53 1103 SH SOLE 1 0 0 1103
WILLIAMS COMPANY COMMON 969457100 21 623 SH SOLE 1 623 0 0
WINDSTREAM, INC 97381W104 29 2075 SH SOLE 1 891 0 1184
WRIGHT MEDICAL GROUP 98235T107 20 755 SH SOLE 1 0 0 755
WE WRIGLEY JR. COMPANY 982526105 23 360 SH SOLE 1 360 0 0
WYETH 983024100 220 4952 SH SOLE 1 181 0 4771
WYNDHAM WORLDWIDE CORP 98310W108 273 8358 SH SOLE 1 194 0 8164
XM SATELLITE 983759101 1 100 SH SOLE 1 0 0 100
XT0 ENERGY INC 98385X106 453 7329 SH SOLE 1 464 0 6865
XCEL ENERGY INC 98389B100 28 1309 SH SOLE 1 1309 0 0
YUM BRANDS INC 988498101 43 1292 SH SOLE 1 1292 0 0
ZIMMER HLDGS INC 98956P102 309 3823 SH SOLE 1 158 0 3665
ZWEIG TOTAL RETURN FUND 989837109 0 134 SH SOLE 1 0 0 134
BANCORPSOUTH INC 059692103 372300 15321 SOLE NONE 0 0 15321
GENERAL ELECTRIC CO COM 369604103 371565 8975 SOLE NONE 0 0 8975
ISHARES TR MSCI EAFE INDEX
FD 464287465 264852 3208 SOLE NONE 0 0 3208
464287507 382348 4336 SOLE NONE 0 0 4336
14
** VOTING AUTHORITY **
TITLE OF MKT VAL SH/ PUT/ INVESTMENT OTHER -------------------------
NAME OF ISSUER CLASS CUSIP x 1000 QTY. PRN CALL DESCRETION MANAGERS SOLE SHARED NONE
-------------------------- ------------- --------- ------- -------- --- ---- ---------- -------- ------- ------- -------
ISHARES TR RUSSELL
1000 GROWTH INDEX FD 464287614 302477 4900 SOLE NONE 0 0 4900
PROCTER & GAMBLE CO 742718109 265322 3772 SOLE NONE 0 0 3772
REGIONS FINL CORP NEW COM 7591EP100 380528 12908 SOLE NONE 0 0 12908
STANDARD & POORS
DEPOSITARY RECEIPTS
UNITS OF UNDIVIDED
BENEFICIAL INTEREST (SPDR'S) 78462F103 1605936 10519 SOLE NONE 0 0 10519
------- -------- ------- ------- -------
GRAND TOTALS 4653752 12227975 2765910 8074368 1387697
15