X0201 4 2004-03-05 0 0001051771 BELK INC NONE 0001222730 BELK H W MCKAY 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500 1 1 1 0 President-Mdse & Marketing Class A Common Stock 1071399.0000 D Class A Common Stock 1498842.0000 I Brothers Investment Company Class A Common Stock 444212.0000 I Milburn Investment Company Class A Common Stock 260080.0000 I Custodian Class A Common Stock 31655.0000 I Spouse Class A Common Stock 2658213.0000 I Trustee Class B Common Stock 2004-03-05 4 A 0 7701.0000 0 A 14751.0000 D 1,071,399 shares of Class A common stock are held in Reporting Person's name and/or H.W. McKay Belk, Trustee U/A dated 2/1/94, Reporting Person's grantor trust. 1,498,842 shares of Class A common stock are held by Brothers Investment Company, which corporation is equally owned by John M. Belk and the heirs of Thomas M. Belk. Voting and investment power is shared by John M. Belk, Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris. 444,212 shares of Class A common stock are held by Milburn Investment Company. Voting and investment power is shared by Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris. 260,080 shares of Class A common stock are held by Reporting Person as custodian of his minor children. 31,655 shares of Class A common stock are held by Reporting Person's spouse, Nina F. Belk. 2,658,213 shares of Class A common stock are held by Katherine McKay Belk Irrevocable Trust dated November 6, 2000. Voting and investment power is vested in Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris. 7,701 shares of Belk, Inc. Class B common stock were awarded to Reporting Person as part of the Belk, Inc. Executive Long Term Incentive Compensation Plan II, and the Board of Directors of Belk, Inc. did not attach a value to such shares at the time of the award. 14,751 shares of Belk, Inc. Class B common stock are held in Reporting Person's name and/or H.W. McKay Belk, Trustee U/A dated 2/1/94, Reporting Person's grantor trust. H.W. McKay Belk by Betty F. Buchanan, P.A. 2004-03-05