13F-HR 1 0001.txt FORM 13F /------------------------------/ / OMB APPROVAL / /------------------------------/ / OMB Number: 3235-0006 / / Expires: April 30, 2000 / / Estimated average burden / / hours per response.... 23.99 / /------------------------------/ 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, 2000 ------------------- 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: National Bank of Commerce --------------------------------------------- Address: 850 Ridgelake Blvd. #101 --------------------------------------------- Memphis, TN 38120 --------------------------------------------- --------------------------------------------- Form 13F File Number: 28-1940 ----- 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: David Franks --------------------------------------------- Title: First Vice President --------------------------------------------- Phone: 901-415-6400 --------------------------------------------- Signature, Place, and Date of Signing: /s/ David Franks Memphis, TN 2-2-01 ------------------------ ----------------------------- -------------- [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: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-1940 David Franks ------------------- ------------ [Repeat as necessary.] NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 1 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None A T & T CORP Com 001957109 17.250 746,235 43,260 9,925 33,335 3 10,439 650 32,171 17,095 991 0 991 2 0 0 991 ABBOTT LABORATORIES Com 002824100 48.437 6,335,269 130,794 20,639 110,155 3 26,239 2,842 101,713 621,931 12,840 0 12,840 2 0 0 12,840 AETNA INC-NEW Com 00817Y108 41.062 432,054 10,522 522 10,000 3 522 0 10,000 19,874 484 0 484 2 0 0 484 ALBERTO CULVER CO. CLASS Com 013068200 36.437 415,382 11,400 0 11,400 3 0 0 11,400 ALEXANDER & BALDWIN Com 014482103 26.250 472,500 18,000 0 18,000 3 0 0 18,000 ALLEN TELECOM INC Com 018091108 17.937 360,534 20,100 0 20,100 3 0 0 20,100 ALLIED WASTE INDS INC COM Com 019589308 14.562 509,670 35,000 0 35,000 3 0 0 35,000 AMERICAN EXPRESS CO Com 025816109 54.937 6,197,882 112,818 20,886 91,932 3 8,475 0 104,343 59,167 1,077 0 1,077 2 0 0 1,077 AMERICAN GENERAL CORP Com 026351106 81.500 615,325 7,550 4,900 2,650 3 7,550 0 0 287,695 3,530 0 3,530 2 0 0 3,530 AMERICAN HOME PRODUCTS CO Com 026609107 63.550 5,216,438 82,084 39,766 42,318 3 26,216 1,000 54,868 AMERICAN INTERNATIONAL GR Com 026874107 98.562 16,390,466 166,296 43,255 123,041 3 39,654 750 125,892 2,164,914 21,965 0 21,965 2 0 0 21,965 AMGEN INC Com 031162100 63.937 581,571 9,096 5,320 3,776 3 6,946 0 2,150 76,724 1,200 0 1,200 2 0 0 1,200 ANHEUSER BUSCH CO INC Com 035229103 45.500 1,204,294 26,468 1,600 24,868 3 1,600 0 24,868 APPLIED MATERIALS INC Com 038222105 38.187 300,570 7,871 5,253 2,618 3 7,521 0 350 BANK OF AMERICA CORP Com 060505104 45.875 610,138 13,300 11,094 2,206 3 316 206 12,778 14,497 316 0 316 2 0 0 316 BANK ONE CORP Com 06423A103 36.625 464,149 12,673 11,505 1,168 3 0 0 12,673 27,395 748 0 748 2 0 0 748 BELLSOUTH CORP Com 079860102 40.937 1,497,885 36,590 30,758 5,832 3 33,502 1,428 1,660 206,977 5,056 0 5,056 2 0 0 5,056 BOEING COMPANY Com 097023105 66.000 1,159,884 17,574 1,274 16,300 3 874 0 16,700 26,400 400 0 400 2 0 0 400 BP AMOCO PLC SPON ADR Com 055622104 47.875 710,609 14,843 5,092 9,751 3 9,168 0 5,675 15,703 328 0 328 2 0 0 328 BRISTOL MYERS SQUIBB CO Com 110122108 73.937 9,842,863 133,125 70,471 62,654 3 44,683 1,372 87,070 1,294,045 17,502 0 17,502 2 0 0 17,502 CALPINE CORP Com 131347106 45.062 468,059 10,387 7,141 3,246 3 10,387 0 0 CAMPBELL SOUP CO Com 134429109 34.625 801,534 23,149 17,283 5,866 3 18,955 3,700 494 74,063 2,139 0 2,139 2 0 0 2,139 CANADA LIFE FINANCIAL COR Com 135113108 30.150 527,263 17,488 17,488 0 3 17,488 0 0 CANADIAN PACIFIC LTD NEW Com 135923100 28.562 856,860 30,000 0 30,000 3 0 0 30,000 CAPITAL ONE FINANCIAL Com 14040H105 65.812 1,205,808 18,322 7,156 11,166 3 9,822 1,000 7,500 CASCADE CORP Com 147195101 16.062 430,462 26,800 4,000 22,800 3 0 0 26,800 CATELLUS DEVELOMPENT CORP Com 149111106 17.500 756,000 43,200 0 43,200 3 0 0 43,200 CEDAR FAIR LP DEPOSITORY Com 150185106 18.350 261,781 14,266 6,400 7,866 3 6,000 0 8,266 7,340 400 0 400 2 0 0 400
NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 2 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None CENTURYTEL INC Com 156700106 35.750 0 0 0 0 3 0 0 0 1,163,949 32,558 0 32,558 2 0 0 32,558 CHASE MANHATTAN CORP NEW Com 16161A108 45.437 6,479,725 142,609 20,868 121,741 3 1,566 1,050 139,993 57,750 1,271 0 1,271 2 0 0 1,271 CHEVRON CORPORATION Com 166751107 84.437 1,533,798 18,165 15,531 2,634 3 15,531 909 1,725 170,732 2,022 0 2,022 2 0 0 2,022 CISCO CORP Com 17275R102 38.250 1,632,242 42,673 35,713 6,960 3 17,403 0 25,270 17,978 470 0 470 2 0 0 470 CITIGROUP INC Com 172967101 51.062 3,336,851 65,349 54,793 10,556 3 44,677 0 20,672 1,452,408 28,444 0 28,444 2 0 0 28,444 COASTAL CORP Com 190441105 88.312 10,200,036 115,500 0 115,500 3 0 0 115,500 32,234 365 0 365 2 0 0 365 COCA COLA CO Com 191216100 60.937 3,474,993 57,026 33,568 23,458 3 39,018 0 18,008 200,117 3,284 0 3,284 2 0 0 3,284 COLGATE-PALMOLIVE CO Com 194162103 64.550 286,602 4,440 0 4,440 3 4,440 0 0 COMPAQ COMPUTER Com 204493100 15.050 226,984 15,082 14,327 755 3 14,147 0 935 2,709 180 0 180 2 0 0 180 CONAGRA FOODS INC Com 205887102 26.000 752,284 28,934 20,749 8,185 3 23,001 5,766 167 62,608 2,408 0 2,408 2 0 0 2,408 CONCORD EFS INC Com 206197105 43.937 540,425 12,300 300 12,000 3 300 0 12,000 CONTINUE CARE HOLDING COR Com 993771000 3.610 2,902,545 804,029 0 804,029 3 804,029 0 0 COSTCO WHOLESALE CORPORAT Com 22160K105 39.937 8,279,499 207,314 18,064 189,250 3 19,379 4,055 183,880 169,573 4,246 0 4,246 2 0 0 4,246 DARDEN RESTAURANTS Com 237194105 22.875 29,738 1,300 500 800 3 1,300 0 0 800,213 34,982 0 34,982 2 0 0 34,982 DISNEY COM Com 254687106 28.937 2,807,786 97,031 127 96,904 3 127 100 96,804 22,831 789 0 789 2 0 0 789 DOW CHEMICAL CO Com 260543103 36.625 1,174,711 32,074 24,447 7,627 3 26,812 5,013 249 114,929 3,138 0 3,138 2 0 0 3,138 DPL INC Com 233293109 33.187 614,125 18,505 5,046 13,459 3 5,046 0 13,459 DU PONT E I DE NEMOURS & Com 263534109 48.312 829,759 17,175 12,862 4,313 3 16,120 350 705 8,696 180 0 180 2 0 0 180 DUKE ENERGY CORP Com 264399106 85.250 423,437 4,967 500 4,467 3 500 0 4,467 79,453 932 0 932 2 0 0 932 ELECTRONIC DATA SYS CORP Com 285661104 57.750 7,441,550 128,858 46,842 82,016 3 17,919 2,300 108,639 509,240 8,818 0 8,818 2 0 0 8,818 ELECTRONICS FOR IMAGING I Com 286082102 13.937 278,740 20,000 20,000 0 3 0 0 20,000 EMC CORP MASS Com 268648102 66.500 16,145,735 242,793 24,700 218,093 3 11,104 0 231,689 43,890 660 0 660 2 0 0 660 EQUITY INNS INC Com 294703103 6.187 277,283 44,817 1,000 43,817 3 42,967 0 1,850 353 57 0 57 2 0 0 57
NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 3 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None EXXON MOBIL CORP Com 30231G102 86.937 9,100,739 104,682 39,046 65,636 3 48,618 2,302 53,762 221,515 2,548 0 2,548 2 0 0 2,548 FEDERAL HOME LOAN MORTGAG Com 313400301 68.875 10,490,283 152,309 11,397 140,912 3 10,595 1,002 140,712 22,798 331 0 331 2 0 0 331 FEDERAL NATIONAL MORTGAGE Com 313586109 86.750 4,067,708 46,890 29,739 17,151 3 9,991 2 36,897 20,733 239 0 239 2 0 0 239 FEDERATED DEPT STORES INC Com 31410H101 35.000 472,500 13,500 0 13,500 3 0 0 13,500 FEDEX CORP Com 31428X106 39.960 1,500,498 37,550 2,162 35,388 3 3,600 2,400 31,550 103,896 2,600 0 2,600 2 0 0 2,600 FIRST DATA CORP Com 319963104 52.687 943,782 17,913 17,913 0 3 0 0 17,913 79,294 1,505 0 1,505 2 0 0 1,505 FIRST TENNESSEE NATIONAL Com 337162101 28.937 6,711,356 231,930 110,406 121,524 3 143,850 42,568 45,512 614,998 21,253 0 21,253 2 0 0 21,253 FIRST UNION CORP Com 337358105 27.812 361,779 13,008 10,430 2,578 3 6,890 3 6,115 8,177 294 0 294 2 0 0 294 FIRSTENERGY CORP Com 337932107 31.562 567,296 17,974 12,986 4,988 3 14,362 3,467 145 56,433 1,788 0 1,788 2 0 0 1,788 FLEETBOSTON FINANCIAL COR Com 339030108 37.562 7,700,585 205,010 15,081 189,929 3 0 0 205,010 32,904 876 0 876 2 0 0 876 FORD MOTOR CO NEW Com 345370860 23.437 341,711 14,580 9,844 4,736 3 10,867 2,766 947 49,757 2,123 0 2,123 2 0 0 2,123 GAP INC Com 364760108 25.500 2,620,049 102,747 90,222 12,525 3 50,782 3,777 48,188 63,495 2,490 0 2,490 2 0 0 2,490 GENERAL ELECTRIC CO Com 369604103 47.937 23,033,920 480,504 110,293 370,211 3 142,899 34,650 302,955 566,663 11,821 0 11,821 2 0 0 11,821 GENERAL MILLS INC Com 370334104 44.562 1,065,032 23,900 1,000 22,900 3 2,600 0 21,300 GENERAL MOTORS CORP Com 370442105 50.937 713,729 14,012 642 13,370 3 1,146 666 12,200 5,603 110 0 110 2 0 0 110 GENUINE PARTS Com 372460105 26.187 736,824 28,137 15,995 12,142 3 17,690 4,244 6,203 57,690 2,203 0 2,203 2 0 0 2,203 GILLETTE CO Com 375766102 36.125 2,688,639 74,426 58,600 15,826 3 44,335 3,859 26,232 192,077 5,317 0 5,317 2 0 5,317 GOODYEAR TIRE & RUBBER CO Com 382550101 22.990 587,256 25,544 19,047 6,497 3 21,061 4,270 213 63,154 2,747 0 2,747 2 0 2,747 HEALTH NET INC Com 42222G108 26.187 20,347 777 777 0 3 777 0 0 847,542 32,365 0 32,365 2 0 32,365 HEALTHSOUTH CORP. Com 421924101 16.312 2,446,800 150,000 150,000 0 3 0 0 150,000 633,640 38,845 0 38,845 2 0 38,845 HEWLETT PACKARD Com 428236103 31.562 282,227 8,942 3,542 5,400 3 3,242 0 5,700 42,672 1,352 0 1,352 2 0 1,352 HOME DEPOT Com 437076102 45.687 1,388,337 30,388 28,020 2,368 3 10,413 0 19,975 105,080 2,300 0 2,300 2 0 2,300
NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 4 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None HOME-STAKE OIL & GAS COMP Com 437356108 10.812 762,268 70,502 70,502 0 3 70,502 0 0 HONEYWELL INTERNATIONAL I Com 438516106 47.312 1,389,033 29,359 18,853 10,506 3 0 0 29,359 97,084 2,052 0 2,052 2 0 2,052 HOST MARRIOTT CORP NEW Com 44107P104 12.937 663,862 51,315 0 51,315 3 0 0 51,315 INTEL CORP Com 458140100 30.062 3,366,042 111,970 63,376 48,594 3 35,155 3,555 73,260 176,915 5,885 0 5,885 2 0 5,885 INTERNATIONAL BUSINESS MA Com 459200101 85.000 5,449,180 64,108 50,623 13,485 3 53,548 8,000 2,560 1,195,015 14,059 0 14,059 2 0 14,059 INTERNATIONAL PAPER CO Com 460146103 40.812 1,141,307 27,965 21,027 6,938 3 22,816 4,429 720 136,026 3,333 0 3,333 2 0 3,333 INTERPUBLIC GROUP OF COMP Com 460690100 42.562 9,106,225 213,952 68,473 145,479 3 25,473 4,442 184,037 604,040 14,192 0 14,192 2 0 14,192 INTIMATE BRANDS INC. Com 461156101 15.000 975,000 65,000 65,000 0 3 4,500 0 60,500 7,500 500 0 500 2 0 500 JOHNSON & JOHNSON Com 478160104 105.062 2,638,317 25,112 22,637 2,475 3 8,137 0 16,975 163,266 1,554 0 1,554 2 0 1,554 KIMBERLY CLARK CORP Com 494368103 70.690 3,265,878 46,200 3,000 43,200 3 3,000 700 42,500 98,966 1,400 0 1,400 2 0 1,400 KNIGHT RIDDER INC Com 499040103 56.875 1,262,625 22,200 1,000 21,200 3 1,000 0 21,200 45,500 800 0 800 2 0 800 LILLY ELI & CO Com 532457108 93.062 483,922 5,200 400 4,800 3 5,200 0 0 LIZ CLAIBORNE Com 539320101 41.625 1,173,118 28,183 28,183 0 3 0 0 28,183 437,520 10,511 0 10,511 2 0 10,511 LOWES COS INC Com 548661107 44.500 2,538,058 57,035 54,496 2,539 3 14,835 0 42,200 MANULIFE FINANCIAL CORPOR Com 56501R106 31.375 1,697,011 54,088 54,088 0 3 54,088 0 0 MARRIOTT INTL INC NEW COM Com 571903202 42.250 1,497,847 35,452 452 35,000 3 452 0 35,000 60,671 1,436 0 1,436 2 0 1,436 MARSH & MCLENNAN CO Com 571748102 117.000 268,632 2,296 0 2,296 3 2,100 0 196 MASCO CORP Com 574599106 25.687 2,133,691 83,065 83,065 0 3 7,965 0 75,100 556,920 21,681 0 21,681 2 0 21,681 MAY DEPARTMENT STORES CO Com 577778103 32.750 235,800 7,200 4,200 3,000 3 4,200 3,000 0 MCCORMICK & CO Com 579780206 36.062 44,717 1,240 0 1,240 3 0 0 1,240 372,160 10,320 0 10,320 2 0 10,320 MEDTRONIC, INC Com 585055106 60.375 31,267,669 517,891 191,754 326,137 3 320,559 0 197,332 86,095 1,426 0 1,426 2 0 1,426 MERCK & CO INC Com 589331107 93.625 8,848,967 94,515 33,949 60,566 3 12,225 240 82,050 68,346 730 0 730 2 0 730 METLIFE INC Com 59156R108 35.000 394,345 11,267 10,865 402 3 11,267 0 0 MICROSOFT CORP Com 594918104 43.375 9,376,808 216,180 45,472 170,708 3 24,084 2,452 189,644 326,744 7,533 0 7,533 2 0 7,533 MID-AMERICA APARTMENT COM Com 59522J103 22.562 419,382 18,588 925 17,663 3 17,122 1,050 416 44,312 1,964 0 1,964 2 0 1,964
NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 5 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None MINNESOTA MINING & MANUFA Com 604059105 120.500 419,702 3,483 1,350 2,133 3 1,750 0 1,733 MORGAN J P & CO Com 616880100 165.500 609,206 3,681 1,950 1,731 3 1,331 0 2,350 MOTOROLA INC Com 620076109 20.250 2,614,012 129,087 41,775 87,312 3 17,807 1,212 110,068 120,407 5,946 0 5,946 2 0 5,946 NATIONAL COMMERCE BANCORP Com 635449101 24.750 96,703,250 3,907,202 1,641,927 2,265,275 3 2,004,994 501,734 1,400,474 10,701,009 432,364 0 432,364 2 0 432,364 NEXTEL COMMUNICATIONS INC Com 65332V103 24.750 434,932 17,573 17,573 0 3 573 0 17,000 NORFOLK SOUTHERN CORP Com 655844108 13.312 833,451 62,609 44,223 18,386 3 47,907 10,818 3,884 83,200 6,250 0 6,250 2 0 6,250 ORACLE CORPORATION Com 68389X105 29.062 2,081,420 71,620 66,188 5,432 3 37,960 0 33,660 PAYCHEX Com 704326107 48.625 368,529 7,579 5,107 2,472 3 7,129 0 450 21,881 450 0 450 2 0 450 PEPSI BOTTLING GROUP INC. Com 713409100 39.812 1,035,112 26,000 0 26,000 3 0 0 26,000 PEPSICO INC Com 713448108 49.562 1,771,197 35,737 2,962 32,775 3 2,962 0 32,775 114,340 2,307 0 2,307 2 0 2,307 PFIZER INC Com 717081103 46.000 19,700,374 428,269 23,759 404,510 3 16,649 200 411,420 187,450 4,075 0 4,075 2 0 4,075 PIONEER NATURAL RESOURCES Com 723787107 19.687 580,767 29,500 0 29,500 3 0 0 29,500 PITNEY-BOWES INC Com 724479100 33.125 218,625 6,600 2,000 4,600 3 1,600 0 5,000 13,250 400 0 400 2 0 400 PNC BANK CORPORATION Com 693475105 73.062 992,913 13,590 13,590 0 3 0 0 13,590 496,310 6,793 0 6,793 2 0 6,793 PROCTER & GAMBLE CO Com 742718109 78.437 447,091 5,700 2,700 3,000 3 3,500 0 2,200 109,812 1,400 0 1,400 2 0 1,400 QUANTUM CORP DSSG Com 747906204 13.250 0 0 0 0 3 0 0 0 230,484 17,395 0 17,395 2 0 17,395 QUEST COMMUNICATIONS INTE Com 749121109 40.875 180,381 4,413 3,378 1,035 3 3,218 247 948 32,414 793 0 793 2 0 793 RFS HOTEL INVESTORS, INC Com 74955J108 13.062 838,789 64,216 5,450 58,766 3 39,616 13,000 11,600 SAFECO CORP Com 786429100 32.875 0 0 0 0 3 0 0 0 266,945 8,120 0 8,120 2 0 8,120 SAKS INC Com 79377W108 10.000 242,700 24,270 0 24,270 3 0 0 24,270 SARA LEE CORP Com 803111103 24.562 137,842 5,612 3,200 2,412 3 2,612 0 3,000 77,370 3,150 0 3,150 2 0 3,150 SBC COMMUNICATIONS INC Com 78387G103 47.750 2,293,815 48,038 44,254 3,784 3 26,290 1,171 20,577 458,830 9,609 0 9,609 2 0 9,609 SCHERING-PLOUGH CORP Com 806605101 56.750 63,301,277 1,115,441 432,873 682,568 3 423,923 0 691,518 2,473,733 43,590 0 43,590 2 0 43,590 STORAGE USA INC Com 861907103 31.750 501,142 15,784 1,200 14,584 3 14,524 0 1,260 93,345 2,940 0 2,940 2 0 2,940 SUN MICRO SYSTEMS Com 866810104 27.875 1,202,806 43,150 33,206 9,944 3 17,020 0 26,130 5,018 180 0 180 2 0 180
NATIONAL COMMERCE BANCORPORATION 13F AS OF DECEMBER 31, 2000
FORM 13F PAGE 6 OF 6 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: Investment Discretion Voting Authority Share or (b) Shared Manager Title of Cusip Market per Fair Market Principal as Defined See (a) (b) (c) Name of Issuer Class Number Share Value Amount (a) Sole In Inst. V Inst. V Sole Shared None SYSCO CORP Com 871829107 30.000 4,200,000 140,000 0 140,000 3 0 0 140,000 TENET HEALTHCARE CORP Com 88033G100 44.437 0 0 0 0 3 0 0 0 919,757 20,698 0 20,698 2 0 20,698 TEXACO INC Com 881694103 62.125 1,028,169 16,550 13,994 2,556 3 8,587 1,818 6,145 93,498 1,505 0 1,505 2 0 1,505 TOSCO CORP Com 891490302 33.937 463,376 13,654 11,705 1,949 3 12,309 1,281 64 26,641 785 0 785 2 0 785 TRICON GLOBAL RESTAURANT Com 895953107 33.000 2,339,931 70,907 44,774 26,133 3 27,177 3,547 40,183 635,943 19,271 0 19,271 2 0 19,271 TYCO INTERNATIONAL NEW Com 902124106 55.500 2,134,142 38,453 35,101 3,352 3 8,038 0 30,415 26,363 475 0 475 2 0 475 UNION PLANTERS CORP Com 908068109 35.750 833,297 23,309 8,925 14,384 3 16,657 0 6,652 11,512 322 0 322 2 0 322 UNITED TECHNOLOGIES CORP Com 913017109 78.625 29,484 375 0 375 3 0 0 375 110,075 1,400 0 1,400 2 0 1,400 UNUMPROVIDENT CORP Com 91529Y106 26.875 290,250 10,800 0 10,800 3 0 0 10,800 VALERO ENERGY CORP NEW Com 91913Y100 37.187 16,623 447 0 447 3 447 0 0 329,514 8,861 0 8,861 2 0 8,861 VERIZON COMMUNICATIONS IN Com 92343V104 50.125 5,399,315 107,717 32,213 75,504 3 19,142 2,046 86,529 145,713 2,907 0 2,907 2 0 2,907 VIACOM INC CLASS B Com 925524308 46.750 662,448 14,170 500 13,670 3 1,368 0 12,802 VODAFONE GROUP PLC Com 92857W100 35.812 8,840,694 246,864 7,895 238,969 3 8,435 1,550 236,879 50,853 1,420 0 1,420 2 0 1,420 W W GRAINGER Com 384802104 36.500 350,400 9,600 0 9,600 3 0 0 9,600 WAL MART STORES, INC. Com 931142103 53.125 877,519 16,518 13,238 3,280 3 11,838 2,000 2,680 143,438 2,700 0 2,700 2 0 2,700 WALGREEN CO Com 931422109 41.812 797,898 19,083 12,411 6,672 3 11,711 0 7,372 34,286 820 0 820 2 0 820 WASHINGTON MUTUAL INC Com 939322103 53.062 4,614,749 86,969 69,419 17,550 3 56,032 0 30,937 1,035,240 19,510 0 19,510 2 0 19,510 WASTE MANAGEMENT INC NEW Com 94106L109 27.750 868,742 31,306 181 31,125 3 181 0 31,125 30,137 1,086 0 1,086 2 0 1,086 WD-40 CO Com 929236107 19.437 320,710 16,500 0 16,500 3 0 0 16,500 WELLS FARGO & CO (NEW) Com 949746101 55.687 3,888,512 69,828 16,478 53,350 3 3,478 1,400 64,950 96,283 1,729 0 1,729 2 0 1,729 WORLDCOM INC Com 98157D106 14.062 2,849,777 202,658 50,524 152,134 3 12,749 1,068 188,841 49,695 3,534 0 3,534 2 0 3,534 WRIGLEY WILLIAM JR COMPAN Com 982526105 95.812 641,940 6,700 0 6,700 3 6,700 0 0 XL CAPITAL LTD CL A Com G98255105 87.375 1,992,150 22,800 300 22,500 3 300 1,000 21,500 TOTAL FAIR MARKET VALUE 575,544,315