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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 2011
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: Executive Vice President and Corporate Secretary
Phone: (662) 680-2084
Signature Place and Date of Signing:
/s/ Cathy S. Freeman Tupelo Mississippi August 9, 2011
-------------------------- ------------------------- ------------------
[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.
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 299
Form 13F Information Table Value Total: $1,026,999
(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
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
COOPER INDUSTRIES PLC SHS G24140108 244 4,089 SH X 1 4,041 0 48
HERBALIFE LTD COM USD SHS G4412G101 279 4,833 SH X 1 4,833 0 0
LAZARD LTD SHS A G54050102 210 5,673 SH X 1 5,608 0 65
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 148 10,042 SH X 1 10,042 0 0
SIGNET JEWELERS LIMITED SHS G81276100 210 4,481 SH X 1 4,481 0 0
WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 221 5,383 SH X 1 5,313 0 70
ACE LTD SHS H0023R105 332 5,039 SH X 1 4,994 0 45
CHECK POINT SOFTWARE TECH LT ORD M22465104 222 3,904 SH X 1 3,904 0 0
AERCAP HOLDINGS NV SHS N00985106 168 12,891 SH X 1 12,891 0 0
COPA HOLDINGS SA CL A P31076105 232 3,477 SH X 1 3,427 0 50
FLEXTRONICS INTL LTD ORD Y2573F102 393 61,181 SH X 1 60,653 0 528
AT&T INC COM 00206R102 1,135 36,127 SH X 1 30,042 0 6,085
AT&T INC COM 00206R102 178 5,666 SH X 1 283 5,383 0
ABBOTT LABS COM 002824100 913 17,350 SH X 1 15,056 0 2,294
ABBOTT LABS COM 002824100 222 4,210 SH X 1 112 4,098 0
AETNA INC NEW COM 00817Y108 229 5,204 SH X 1 5,140 0 64
AIR PRODS & CHEMS INC COM 009158106 671 7,019 SH X 1 7,019 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 232 3,661 SH X 1 3,631 0 30
ALLERGAN INC COM 018490102 265 3,180 SH X 1 3,180 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 320 16,495 SH X 1 16,340 0 155
ALTRIA GROUP INC COM 02209S103 507 19,208 SH X 1 14,420 0 4,788
ALTRIA GROUP INC COM 02209S103 10 388 SH X 1 206 182 0
AMERICAN EXPRESS CO COM 025816109 692 13,394 SH X 1 13,394 0 0
AMGEN INC COM 031162100 462 7,918 SH X 1 7,918 0 0
3
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
AMPHENOL CORP NEW CL A 032095101 317 5,880 SH X 1 5,830 0 50
APACHE CORP COM 037411105 349 2,832 SH X 1 2,794 0 38
APPLE INC COM 037833100 930 2,771 SH X 1 2,771 0 0
APPLIED MATLS INC COM 038222105 405 31,112 SH X 1 30,782 0 330
ARCHER DANIELS MIDLAND CO COM 039483102 409 13,572 SH X 1 13,442 0 130
ARTIO GLOBAL INVT FDS INTL EQ CL I 04315J506 222 7,239 SH X 1 0 0 7,239
ASTRAZENECA PLC SPONSORED ADR 046353108 423 8,454 SH X 1 5,060 0 3,394
ASTRAZENECA PLC SPONSORED ADR 046353108 14 271 SH X 1 144 127 0
ATMEL CORP COM 049513104 296 21,057 SH X 1 20,822 0 235
AUTODESK INC COM 052769106 413 10,696 SH X 1 10,656 0 40
BASF SE SPONSORED ADR 055262505 228 2,332 SH X 1 2,332 0 0
BCE INC COM NEW 05534B760 245 6,234 SH X 1 2,853 0 3,381
BCE INC COM NEW 05534B760 14 365 SH X 1 193 172 0
BP PLC SPONSORED ADR 055622104 252 5,700 SH X 1 5,550 0 150
BP PLC SPONSORED ADR 055622104 124 2,800 SH X 1 2,800 0 0
BALLY TECHNOLOGIES INC COM 05874B107 231 5,687 SH X 1 5,627 0 60
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 122 10,384 SH X 1 10,384 0 0
BANCORPSOUTH INC COM 059692103 12,509 1,007,942 SH X 1 886,008 0 121,934
BANCORPSOUTH INC COM 059692103 139 11,192 SH X 1 8,600 2,592 0
BANK OF AMERICA CORPORATION COM 060505104 145 13,208 SH X 1 13,208 0 0
BANK OF THE OZARKS INC COM 063904106 3,126 60,051 SH X 1 60,051 0 0
BARON INVT FDS TR SMALL CAP FD 068278308 237 8,912 SH X 1 0 0 8,912
BAXTER INTL INC COM 071813109 651 10,907 SH X 1 10,851 0 56
BE AEROSPACE INC COM 073302101 291 7,136 SH X 1 7,051 0 85
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 880 11,371 SH X 1 11,371 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 499 17,217 SH X 1 10,408 0 6,809
4
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
BRISTOL MYERS SQUIBB CO COM 110122108 18 617 SH X 1 328 289 0
BROADCOM CORP CL A 111320107 442 13,128 SH X 1 13,058 0 70
CVS CAREMARK CORPORATION COM 126650100 229 6,087 SH X 1 6,012 0 75
1 CATERPILLAR INC DEL COM 149123101 476 4,475 SH X 1 4,475 0 0
CELESTICA INC SUB VTG SHS 15101Q108 160 18,313 SH X 1 18,313 0 0
CELGENE CORP COM 151020104 428 7,096 SH X 1 7,096 0 0
CEPHEID COM 15670R107 292 8,422 SH X 1 8,422 0 0
CENTURYLINK INC COM 156700106 252 6,232 SH X 1 3,706 0 2,526
CENTURYLINK INC COM 156700106 11 270 SH X 1 142 128 0
CHEVRON CORP NEW COM 166764100 1,929 18,759 SH X 1 18,048 0 711
CHEVRON CORP NEW COM 166764100 745 7,247 SH X 1 7,228 19 0
CISCO SYS INC COM 17275R102 158 10,117 SH X 1 10,117 0 0
CITIZENS HLDG CO MISS COM 174715102 3,100 158,987 SH X 1 158,987 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 598 6,466 SH X 1 6,466 0 0
COCA COLA CO COM 191216100 601 8,932 SH X 1 8,341 0 591
COCA COLA CO COM 191216100 327 4,864 SH X 1 4,834 30 0
COLGATE PALMOLIVE CO COM 194162103 243 2,781 SH X 1 2,781 0 0
COLUMBIA ACORN TR INTL SELECT Z 197199763 206 7,094 SH X 1 0 0 7,094
COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 218 6,451 SH X 1 6,451 0 0
CONCHO RES INC COM 20605P101 338 3,683 SH X 1 3,683 0 0
CONCUR TECHNOLOGIES INC COM 206708109 250 4,995 SH X 1 4,950 0 45
CONOCOPHILLIPS COM 20825C104 571 7,598 SH X 1 5,554 0 2,044
CONOCOPHILLIPS COM 20825C104 14 180 SH X 1 96 84 0
MONTGOMERY EXPLORATION 10.87 216000992 227 1 SH X 1 1 0 0
CORNING INC COM 219350105 568 31,317 SH X 1 31,130 0 187
CUMMINS INC COM 231021106 213 2,058 SH X 1 2,038 0 20
5
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
CYPRESS SEMICONDUCTOR CORP COM 232806109 275 12,991 SH X 1 12,876 0 115
DWS VALUE SER INC SMCP VALF INST 23338F754 16,817 440,810 SH X 1 438,907 88 1,815
DWS VALUE SER INC SMCP VALF INST 23338F754 121 3,175 SH X 1 2,840 335 0
DANAHER CORP DEL COM 235851102 259 4,889 SH X 1 4,889 0 0
DEERE & CO COM 244199105 1,120 13,580 SH X 1 13,580 0 0
DELTIC TIMBER CORP COM 247850100 340 6,324 SH X 1 6,324 0 0
DELTIC TIMBER CORP COM 247850100 22,321 415,743 SH X 1 0 415,743 0
DENBURY RES INC COM NEW 247916208 383 19,173 SH X 1 19,173 0 0
DEVON ENERGY CORP NEW COM 25179M103 416 5,280 SH X 1 5,233 0 47
DODGE & COX STK FD COM 256219106 33,394 293,910 SH X 1 292,622 60 1,228
DODGE & COX STK FD COM 256219106 249 2,190 SH X 1 1,948 242 0
DOLLAR TREE INC COM 256746108 404 6,069 SH X 1 6,069 0 0
DOMINION RES INC VA NEW COM 25746U109 358 7,414 SH X 1 3,938 0 3,476
DOMINION RES INC VA NEW COM 25746U109 15 316 SH X 1 169 147 0
DOMTAR CORP COM NEW 257559203 211 2,225 SH X 1 2,225 0 0
DREYFUS APPRECIATION FD INC COM 261970107 526 12,826 SH X 1 12,826 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 216 3,988 SH X 1 3,498 0 490
DUKE ENERGY CORP NEW COM 26441C105 344 18,260 SH X 1 12,045 0 6,215
DUKE ENERGY CORP NEW COM 26441C105 13 674 SH X 1 358 316 0
E M C CORP MASS COM 268648102 358 12,997 SH X 1 12,997 0 0
ERHC ENERGY INC COM 26884J104 1 10,000 SH X 1 10,000 0 0
EAST WEST BANCORP INC COM 27579R104 215 10,639 SH X 1 10,639 0 0
EMERSON ELEC CO COM 291011104 1,081 19,210 SH X 1 19,210 0 0
EXPEDITORS INTL WASH INC COM 302130109 243 4,756 SH X 1 4,701 0 55
EXPRESS SCRIPTS INC COM 302182100 1,246 23,075 SH X 1 23,075 0 0
EXXON MOBIL CORP COM 30231G102 5,241 64,406 SH X 1 55,828 7,801 777
6
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
EXXON MOBIL CORP COM 30231G102 1,191 14,630 SH X 1 6,030 8,600 0
F M C CORP COM NEW 302491303 209 2,429 SH 1 2,404 25 0
FEDERATED EQUITY FDS INTRCONT L INST 314172461 36,685 698,490 SH X 1 695,735 129 2,626
FEDERATED EQUITY FDS INTRCONT L INST 314172461 250 4,756 SH X 1 4,203 553 0
FEDERATED TOTAL RETURN SERS ULSHT INST NEW 31428Q747 202 21,859 SH X 1 21,859 0 0
FIDELITY CONTRAFUND INC NEW INSIGHTS I 316071604 33,677 1,607,508 SH X 1 1,600,608 319 6,581
FIDELITY CONTRAFUND INC NEW INSIGHTS I 316071604 244 11,650 SH X 1 10,378 1,272 0
FIDELITY PURITAN TR LOW PRICE STK 316345305 34,924 838,304 SH X 1 834,678 171 3,455
FIDELITY PURITAN TR LOW PRICE STK 316345305 311 7,472 SH X 1 6,796 676 0
FIRSTENERGY CORP COM 337932107 213 4,831 SH X 1 4,831 0 0
FLOWSERVE CORP COM 34354P105 202 1,839 SH X 1 1,819 0 20
1FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 207 3,107 SH X 1 3,107 0 0
GENERAL ELECTRIC CO COM 369604103 743 39,380 SH X 1 38,010 0 1,370
GENERAL MLS INC COM 370334104 238 6,404 SH X 1 6,404 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 294 6,843 SH X 1 2,971 0 3,872
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 16 381 SH X 1 202 179 0
GOOGLE INC CL A 38259P508 557 1,100 SH X 1 1,100 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 239 9,690 SH X 1 9,690 0 0
GROWTH FD AMER INC CL R-5 SHARES 399874833 243 7,620 SH X 1 0 0 7,620
RESTER ENTERPRISES LP 5% INT 404005993 211 1 SH X 1 1 0 0
RESTER ENTERPRISES LP 8% INT 405002999 337 1 SH X 1 1 0 0
HALLIBURTON CO COM 406216101 564 11,066 SH X 1 10,976 0 90
RESTER ENTERPRISES LP 8% INT 407000991 337 1 SH X 1 1 0 0
DAVIS FAMILY HOLDINGS LP 419002993 1,194 0 SH X 1 0 0 0
HEINZ H J CO COM 423074103 349 6,543 SH X 1 2,969 0 3,574
7
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
HEINZ H J CO COM 423074103 17 319 SH X 1 168 151 0
HESS CORP COM 42809H107 331 4,424 SH X 1 4,356 0 68
HEWLETT PACKARD CO COM 428236103 203 5,589 SH X 1 5,589 0 0
KEY COLONY 430004994 898 1 SH X 1 0 1 0
JOHNSTON ENTERPRISES, L.P. 432004992 1,380 54 SH X 1 54 0 0
GURDON TIMBER LTD 36.494% 434002994 500 1 SH X 1 1 0 0
WOODLAND HILLS LIMITED PARTN 435001995 220 25 SH X 1 25 0 0
SUNNYDALE LIMITED PARTNERSHI 436001994 1,558 88 SH X 1 88 0 0
WEH PROPERTIES LIMITED PARTN 436002992 410 86 SH X 1 86 0 0
CRICKET LIMITED PARTNERSHIP 436003990 941 28 SH X 1 28 0 0
MCM TIMBER 3.021% INTEREST 438002990 243 1 SH X 1 1 0 0
MCM TIMBER 3.020% INTEREST 438003998 243 1 SH X 1 1 0 0
MCM TIMBER 1.510% INTEREST 438004996 1,598 2 SH X 1 2 0 0
HONEYWELL INTL INC COM 438516106 308 5,170 SH X 1 5,095 0 75
MARIE P CARTER ENTERPRISES L 439004995 1,623 1 SH X 1 1 0 0
OAK GROVE LAND CO, L.P. 12.5 440000990 265 3 SH X 1 3 0 0
REED HOLDINGS PARTNERSHIP, L 441002995 1,240 71 SH X 1 71 0 0
HOSPIRA INC COM 441060100 408 7,204 SH X 1 7,106 0 98
HOSPIRA INC COM 441060100 23 400 SH X 1 0 400 0
MCM TIMBER 12% INTEREST 442000998 966 1 SH X 1 1 0 0
CABEARK, LP 14.1179% INTERES 443003991 422 1 SH X 1 1 0 0
DCT OPERATING PARTNERSHIP 443004999 580 75,518 SH X 1 75,518 0 0
CABEARK, LP 84.8821% INTERES 444003990 2,535 1 SH X 1 1 0 0
CABE-LONG PROPERTIES, LTD 444005995 287 4 SH X 1 4 0 0
MCMILLON PROPERTIES L/P 445000995 2,183 96 SH X 1 96 0 0
CABE-LONG PROPERTIES, LTD 445001993 1,580 4 SH X 1 4 0 0
8
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
---------------------------- --------------- - -------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
CABE-LONG PROPERTIES, LTD 445003999 533 1 SH X 1 1 0 0
1.08% LLC INTEREST IN 448005991 300 1 SH X 1 1 0 0
TALL PINES, LLC 449001999 963 50 SH X 1 50 0 0
DONOVAN INVESTMENTS, LLC 449003995 4,618 99 SH X 1 99 0 0
TPH ENERGY EQUITY FUND LP 450005996 1,000 1 SH X 1 0 1 0
IAMGOLD CORP COM 450913108 206 10,989 SH X 1 10,924 0 65
LONGENECKER EQUITY II, LLC 451000996 4,201 99 SH X 1 99 0 0
ILLINOIS TOOL WKS INC COM 452308109 249 4,402 SH X 1 4,402 0 0
INTEL CORP COM 458140100 565 25,516 SH X 1 24,366 0 1,150
INTEL CORP COM 458140100 71 3,200 SH X 1 3,200 0 0
INTERCONTINENTALEXCHANGE INC COM 45865V100 230 1,848 SH X 1 1,848 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,074 6,261 SH X 1 6,261 0 0
INVESTMENT CO AMER CL A 461308108 978 33,724 SH X 1 33,724 0 0
JPMORGAN CHASE & CO COM 46625H100 311 7,591 SH X 1 7,591 0 0
JPMORGAN CHASE & CO COM 46625H100 80 1,956 SH X 1 0 1,956 0
JANUS INVT FD GLOBAL SEL FD T 471023648 206 17,287 SH X 1 0 0 17,287
JANUS INVT FD OVERSEAS FD SHS 47103C449 241 5,148 SH X 1 0 0 5,148
JOHNSON & JOHNSON COM 478160104 1,527 22,958 SH X 1 20,814 0 2,144
JOHNSON & JOHNSON COM 478160104 385 5,786 SH X 1 4,499 1,287 0
JOHNSON CTLS INC COM 478366107 313 7,525 SH X 1 7,455 0 70
JUNIPER NETWORKS INC COM 48203R104 387 12,281 SH X 1 12,216 0 65
KBR INC COM 48242W106 268 7,110 SH X 1 7,030 0 80
KIMBERLY CLARK CORP COM 494368103 364 5,468 SH X 1 2,715 0 2,753
KIMBERLY CLARK CORP COM 494368103 16 245 SH X 1 130 115 0
KRAFT FOODS INC CL A 50075N104 244 6,940 SH X 1 5,920 0 1,020
LILLY ELI & CO COM 532457108 280 7,459 SH X 1 3,233 0 4,226
9
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
LILLY ELI & CO COM 532457108 44 1,165 SH X 1 993 172 0
LONGLEAF PARTNERS FDS TR SH BEN INT 543069108 275 8,830 SH X 1 8,830 0 0
LORD ASSET MGMT TR T WHITE INTL 543917108 215 11,912 SH X 1 0 0 11,912
LOWES COS INC COM 548661107 210 9,000 SH X 1 9,000 0 0
MFS SER TR I VALUE FD CL A 552983801 224 9,379 SH X 1 0 0 9,379
MANULIFE FINL CORP COM 56501R106 253 14,345 SH X 1 14,345 0 0
MCDONALDS CORP COM 580135101 591 7,010 SH X 1 6,011 0 999
MCDONALDS CORP COM 580135101 9 111 SH X 1 60 51 0
MEDNAX INC COM 58502B106 375 5,200 SH X 1 5,160 0 40
MEDTRONIC INC COM 585055106 304 7,890 SH X 1 7,786 0 104
MERCK & CO INC NEW COM 58933Y105 201 5,704 SH X 1 5,704 0 0
METLIFE INC COM 59156R108 251 5,725 SH X 1 5,636 0 89
MICROSOFT CORP COM 594918104 967 37,203 SH X 1 36,523 0 680
COLLABRX SER A PFD STOCK 601A4X997 634 446,227 SH X 1 0 446,227 0
MONTGOMERY EXPLORATION 601A5Z991 295 1 SH X 1 1 0 0
MOTOROLA MOBILITY HLDGS INC COM 620097105 216 9,794 SH X 1 9,647 0 147
MURPHY OIL CORP COM 626717102 5,307 80,824 SH X 1 80,824 0 0
MURPHY OIL CORP COM 626717102 491,741 7,489,209 SH X 1 0 7,489,209 0
MUTUAL SER FD INC SHS FD CL Z 628380107 371 16,903 SH X 1 16,903 0 0
MUTUAL SER FD INC BEACON FD Z 628380305 174 13,366 SH X 1 13,366 0 0
MUTUAL SER FD INC GBL DISCVR FD Z 628380404 35,765 1,151,469 SH X 1 1,146,905 212 4,352
MUTUAL SER FD INC GBL DISCVR FD Z 628380404 238 7,658 SH X 1 6,842 816 0
MYLAN INC COM 628530107 269 10,891 SH X 1 10,796 0 95
NATIONAL GRID PLC SPON ADR NEW 636274300 211 4,278 SH X 1 1,356 0 2,922
NATIONAL GRID PLC SPON ADR NEW 636274300 14 279 SH X 1 148 131 0
10
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
NATIONAL OILWELL VARCO INC COM 637071101 463 5,923 SH X 1 5,860 0 63
NETAPP INC COM 64110D104 737 13,970 SH X 1 13,970 0 0
NEW PERSPECTIVE FD INC COM 648018109 758 25,380 SH X 1 25,380 0 0
NORDSTROM INC COM 655664100 343 7,302 SH X 1 7,302 0 0
NORFOLK SOUTHERN CORP COM 655844108 617 8,238 SH X 1 8,180 0 58
OGX PETROLEO E GAS PART S A SPONS ADR 670849108 104 11,155 SH X 1 10,905 0 250
O REILLY AUTOMOTIVE INC NEW COM 67103H107 623 9,503 SH X 1 9,468 0 35
OCCIDENTAL PETE CORP DEL COM 674599105 290 2,792 SH X 1 2,792 0 0
ON SEMICONDUCTOR CORP COM 682189105 262 25,060 SH X 1 24,793 0 267
ORACLE CORP COM 68389X105 286 8,699 SH X 1 8,699 0 0
OWENS CORNING NEW COM 690742101 271 7,267 SH X 1 7,177 0 90
PDL BIOPHARMA INC COM 69329Y104 176 30,000 SH X 1 0 30,000 0
PEPSICO INC COM 713448108 726 10,305 SH X 1 10,305 0 0
PEPSICO INC COM 713448108 77 1,100 SH X 1 0 1,100 0
PFIZER INC COM 717081103 473 22,962 SH X 1 22,962 0 0
PFIZER INC COM 717081103 29 1,420 SH X 1 720 700 0
PHILIP MORRIS INTL INC COM 718172109 904 13,538 SH X 1 11,110 0 2,428
PHILIP MORRIS INTL INC COM 718172109 15 221 SH X 1 118 103 0
POTASH CORP SASK INC COM 73755L107 578 10,140 SH X 1 10,140 0 0
PRAXAIR INC COM 74005P104 251 2,320 SH X 1 2,320 0 0
PRECISION CASTPARTS CORP COM 740189105 389 2,360 SH X 1 2,350 0 10
PRICE T ROWE GROUP INC COM 74144T108 1,089 18,051 SH X 1 18,021 0 30
PRICE T ROWE GROWTH STK FD I COM 741479109 36,297 1,072,604 SH X 1 1,067,978 201 4,425
PRICE T ROWE GROWTH STK FD I COM 741479109 319 9,417 SH X 1 8,533 884 0
PRICELINE COM INC COM NEW 741503403 201 393 SH X 1 393 0 0
PROCTER & GAMBLE CO COM 742718109 2,244 35,298 SH X 1 34,274 0 1,024
11
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
PROCTER & GAMBLE CO COM 742718109 388 6,111 SH X 1 6,059 52 0
PROGRESS ENERGY RES CORP COM 74326Y107 184 12,886 SH X 1 12,691 0 195
PROGRESS ENERGY INC COM 743263105 240 4,995 SH X 1 3,106 0 1,889
1 PROGRESS ENERGY INC COM 743263105 10 205 SH X 1 109 96 0
QUALCOMM INC COM 747525103 277 4,876 SH X 1 4,876 0 0
RALCORP HLDGS INC NEW COM 751028101 520 6,003 SH X 1 6,003 0 0
RAYTHEON CO COM NEW 755111507 293 5,882 SH X 1 5,882 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 199 32,048 SH X 1 26,148 0 5,900
REGIONS FINANCIAL CORP NEW COM 7591EP100 14 2,205 SH X 1 0 2,205 0
REYNOLDS AMERICAN INC COM 761713106 204 5,503 SH X 1 2,497 0 3,006
REYNOLDS AMERICAN INC COM 761713106 12 327 SH X 1 174 153 0
RIO TINTO PLC SPONSORED ADR 767204100 204 2,818 SH X 1 2,818 0 0
ROWE T PRICE EQUITY INCOME F SH BEN INT 779547108 33,219 1,350,928 SH X 1 1,345,056 278 5,594
ROWE T PRICE EQUITY INCOME F SH BEN INT 779547108 244 9,935 SH X 1 8,897 1,038 0
ROWE T PRICE MID-CAP GROWTH COM 779556109 51,730 822,944 SH X 1 819,333 167 3,444
ROWE T PRICE MID-CAP GROWTH COM 779556109 373 5,935 SH X 1 5,268 667 0
ROWE T PRICE MID CAP VALUE F COM 77957Y106 256 10,219 SH X 1 2,191 0 8,028
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 351 4,890 SH X 1 2,197 0 2,693
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 130 1,805 SH X 1 1,686 119 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 92 1,288 SH X 1 1,226 0 62
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 230 3,237 SH X 1 3,237 0 0
ROYCE FD PENN MUT INV 780905840 37,110 2,973,529 SH X 1 2,961,222 573 11,734
ROYCE FD PENN MUT INV 780905840 257 20,608 SH X 1 18,377 2,231 0
SEI INVESTMENTS CO COM 784117103 217 9,636 SH X 1 9,516 0 120
SCHLUMBERGER LTD COM 806857108 342 3,953 SH X 1 3,953 0 0
SHERWIN WILLIAMS CO COM 824348106 271 3,235 SH X 1 3,235 0 0
12
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 271 10,566 SH X 1 10,566 0 0
SOUTHERN CO COM 842587107 4,687 116,083 SH X 1 112,300 0 3,783
SOUTHERN CO COM 842587107 205 5,085 SH X 1 4,893 192 0
SOUTHWESTERN ENERGY CO COM 845467109 215 5,004 SH X 1 5,004 0 0
SPRINT NEXTEL CORP COM SER 1 852061100 428 79,468 SH X 1 78,731 0 737
STRYKER CORP COM 863667101 545 9,292 SH X 1 9,292 0 0
SUBSEA 7 S A SPONSORED ADR 864323100 216 8,389 SH X 1 8,389 0 0
TARGET CORP COM 87612E106 499 10,633 SH X 1 10,548 0 85
TELECOMUNICACOES DE SAO PAUL SPON ADR PFD 87929A102 208 7,019 SH X 1 7,019 0 0
TELEFONICA S A SPONSORED ADR 879382208 221 9,023 SH X 1 3,767 0 5,256
TELEFONICA S A SPONSORED ADR 879382208 14 569 SH X 1 302 267 0
THORATEC CORP COM NEW 885175307 224 6,815 SH X 1 6,750 0 65
3M CO COM 88579Y101 211 2,227 SH X 1 1,317 0 910
TIFFANY & CO NEW COM 886547108 272 3,458 SH X 1 3,458 0 0
TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 229 4,646 SH X 1 4,646 0 0
TRIMBLE NAVIGATION LTD COM 896239100 472 11,910 SH X 1 11,910 0 0
TRUSTMARK CORP COM 898402102 327 13,965 SH X 1 13,965 0 0
USA TRUCK INC COM 902925106 176 15,613 SH X 1 15,613 0 0
UNILEVER N V N Y SHS NEW 904784709 219 6,672 SH X 1 5,738 0 934
UNION PAC CORP COM 907818108 251 2,404 SH X 1 2,376 0 28
UNION PAC CORP COM 907818108 459 4,400 SH X 1 4,400 0 0
UNITED TECHNOLOGIES CORP COM 913017109 375 4,241 SH X 1 4,241 0 0
V F CORP COM 918204108 399 3,672 SH X 1 3,672 0 0
VANGUARD WORLD FD MEGA CAP INDEX 921910873 3,400 75,605 SH X 1 75,605 0 0
VANGUARD TAX-MANAGED INTL FD MSCI EAFE ETF 921943858 1,486 39,017 SH X 1 39,017 0 0
13
INVESTMENT
DISCRETION **VOTING AUTHORITY**
TITLE OF MKT VAL Shares/ SH/ PUT/ SOLE SHR OTH OTH SOLE SHARED NONE
NAME OF ISSUER CLASS CUSIP X 1000 PRN Amt PRN CALL (A) (B) (C) MGR (A) (B) (C)
------------------------------ --------------- --------- --------- ---------- --- ----- ---- --- --- --- --------- --------- -------
VANGUARD INDEX FDS 500 PORTFOLIO 922908108 266 2,182 SH X 1 0 0 2,182
VANGUARD INDEX FDS 500 PORTFOLIO 922908108 97 795 SH X 1 795 0 0
VANGUARD INDEX FDS VALUE PTFL 922908405 949 43,412 SH X 1 43,412 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 2,291 28,483 SH X 1 28,483 0 0
VANGUARD INDEX FDS SMALL CP ETF 922908751 1,545 19,796 SH X 1 19,796 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 583 15,650 SH X 1 10,654 0 4,996
VERIZON COMMUNICATIONS INC COM 92343V104 46 1,241 SH X 1 235 1,006 0
VISA INC COM CL A 92826C839 244 2,900 SH X 1 2,900 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 498 18,640 SH X 1 12,454 0 6,186
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 28 1,042 SH X 1 291 751 0
VOLKSWAGEN AG SPONSORED ADR 928662303 209 5,696 SH X 1 5,696 0 0
WT MUT FD CRM MDCP VAL I 92934R769 240 7,741 SH X 1 0 0 7,741
WAL MART STORES INC COM 931142103 1,097 20,635 SH X 1 20,635 0 0
WASHINGTON MUT INVS FD INC COM 939330106 852 29,272 SH X 1 29,272 0 0
WELLPOINT INC COM 94973V107 220 2,796 SH X 1 2,756 0 40
WESTERN UN CO COM 959802109 431 21,533 SH X 1 21,325 0 208
YANZHOU COAL MNG CO LTD SPON ADR H SHS 984846105 238 6,186 SH X 1 6,186 0 0
YUM BRANDS INC COM 988498101 1,157 20,940 SH X 1 20,940 0 0
FINAL TOTALS 1,026,999 23,626,676 14,820,086 8,433,272 373,318
14