13F-HR 1 stc20100331.txt QUARTER END 03-31-2010 FORM 13F COVER PAGE REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: Mar 31, 2010 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: SALIENT TRUST CO., LTA ADDRESS: 4265 SAN FELIPE, 8TH FLOOR HOUSTON, TX 77027 13F FILE NUMBER: The institution 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 trust, 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 MANAGERS: NAME: LISA M. VANDER VOORT TITLE: MANAGER - OPERATIONS PHONE: 713-993-4672 SIGNATURE, PLACE AND DATE OF SIGNING: LISA M. VANDER VOORT HOUSTON, TEXAS Mar 31, 2010 REPORT TYPE (CHECK ONLY ONE.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 10789953 FORM 13F INFORMATION TABLE VALUE ENTRY: $553675 Voting Authority ---------------------------- Value Shares/ Sh/Put/ Invstmt Other Name of Issuer Title of Class CUSIP (x$1,000)Prn Amt PutCall Dscretn Managers Sole Shared None ------------------------ --------------- ----------------- ----------------- -------- -------- -------- -------- -------- 3M CO Equities 88579Y101 426 5100 SH DEFINED 3325 0 1775 3M CO Equities 88579Y101 629 7530 SH SOLE 7530 0 0 ABBOTT LABS Equities 002824100 244 4650 SH DEFINED 3075 0 1575 ABBOTT LABS Equities 002824100 2563 48668 SH SOLE 48668 0 0 ABBOTT LABS COM Equities 002824100 390 7400 SH SOLE 7400 0 0 AFLAC IN Equities 001055102 1576 29030 SH SOLE 29030 0 0 ALCOA INC COM Equities 013817101 1212 85092 SH SOLE 85092 0 0 ALLEGHENY TECHNOLOGIES Equities 01741R102 403 7482 SH SOLE 7482 0 0 ALLERGAN Equities 018490102 148 2275 SH DEFINED 1825 0 450 ALLERGAN Equities 018490102 453 6938 SH SOLE 6938 0 0 ALTRIA GROUP Equities 02209S103 144 7052 SH DEFINED 3400 0 3652 ALTRIA GROUP Equities 02209S103 3656 178169 SH SOLE 172669 0 5500 AMERICAN EXPRESS Equities 025816109 118 2880 SH DEFINED 1425 0 1455 AMERICAN EXPRESS Equities 025816109 614 14901 SH SOLE 14901 0 0 AMERICAN EXPRESS COMPA Equities 025816109 1185 28715 SH SOLE 28715 0 0 AMGEN Equities 031162100 31 530 SH SOLE 530 0 0 AMGEN Equities 031162100 215 3605 SH DEFINED 3530 0 75 ANADARKO PETROLEUM Equities 032511107 5 73 SH DEFINED 0 0 73 ANADARKO PETROLEUM Equities 032511107 19198 263610 SH SOLE 263610 0 0 APACHE CORP Equities 037411105 8896 87654 SH SOLE 87654 0 0 APACHE CORP Equities 037411105 0 0 SH DEFINED 0 0 0 APPLE COMPUTER Equities 037833100 579 2466 SH SOLE 2466 0 0 APPLE COMPUTER Equities 037833100 160 685 SH DEFINED 410 0 275 APPLE INC COM Equities 037833100 1654 7038 SH SOLE 7038 0 0 APT INVESTMENT & MGMT Equities 03748R101 399 21706 SH SOLE 21706 0 0 AT&T Equities 00206R102 248 9600 SH SOLE 9600 0 0 AT&T INC Equities 00206R102 597 23142 SH SOLE 23142 0 0 AT&T INC Equities 00206R102 514 19913 SH DEFINED 16688 0 3225 AVALON BAY COMMUNITIES Equities 053484101 43 500 SH DEFINED 500 0 0 AVALON BAY COMMUNITIES Equities 053484101 1322 15320 SH SOLE 15320 0 0 BAIDU.COM - SPON ADR Equities 056752108 1281 2145 SH SOLE 2145 0 0 BANCO SANTANDER CENT ADR HIS PANEquities 05964H105 271 20485 SH DEFINED 0 0 20485 BANCO SANTANDER CENT ADR HIS PANEquities 05964H105 30 2330 SH SOLE 330 0 2000 BANK OF AMERICA Equities 060505104 246 13837 SH DEFINED 8757 0 5080 BANK OF AMERICA Equities 060505104 975 54659 SH SOLE 54316 0 343 BANK OF AMERICA CORP C Equities 060505104 1552 86946 SH SOLE 86946 0 0 BANK OF NOVA SCOTIA Equities 064149107 506 10120 SH SOLE 10120 0 0 BANK OF NOVA SCOTIA Equities 064149107 75 1500 SH DEFINED 0 0 1500 BERKSHIRE HATHAWAY - B Equities 084670702 148 1823 SH SOLE 1823 0 0 BERKSHIRE HATHAWAY - B Equities 084670702 1780 21912 SH DEFINED 21500 0 412 BERKSHIRE HATHAWAY INC CL A Equities 084670108 243 2 SH SOLE 2 0 0 BERKSHIRE HATHAWAY INC CL A Equities 084670108 365 3 SH DEFINED 0 0 3 BOSTON PROPERTIES, INC. Equities 101121101 76 1020 SH DEFINED 1000 0 20 BOSTON PROPERTIES, INC. Equities 101121101 2222 29455 SH SOLE 29455 0 0 BP ADR Equities 055622104 99 1735 SH DEFINED 700 0 1035 BP ADR Equities 055622104 719 12611 SH SOLE 12611 0 0 BP PLC SPONS ADR Equities 055622104 323 5668 SH SOLE 5668 0 0 BRE PROPERTIES Equities 05564E106 1618 45285 SH SOLE 45285 0 0 BRE PROPERTIES Equities 05564E106 84 2350 SH DEFINED 2350 0 0 BRISTOL-MYERS SQUIBB Equities 110122108 0 0 SH DEFINED 0 0 0 BRISTOL-MYERS SQUIBB Equities 110122108 269 10110 SH SOLE 10110 0 0 CAMDEN PROPERTY TR Equities 133131102 79 1900 SH DEFINED 1900 0 0 CAMDEN PROPERTY TR Equities 133131102 1072 25770 SH SOLE 25770 0 0 CASH AMERICA INTERL Equities 14754D100 217 5500 SH DEFINED 0 0 5500 CATERPILLAR Equities 149123101 190 3025 SH DEFINED 2075 0 950 CATERPILLAR Equities 149123101 534 8508 SH SOLE 8508 0 0 CHEVRON CORPORATION Equities 166764100 89 1179 SH DEFINED 400 0 779 CHEVRON CORPORATION Equities 166764100 510 6732 SH SOLE 6732 0 0 CHINA EASTERN AIRLINES Equities 16937R104 1138 22185 SH SOLE 22185 0 0 CHINA LIFE INSURANCE C Equities 16939P106 954 13245 SH SOLE 13245 0 0 CHINA MOBILE LTD Equities 16941m109 776 16135 SH SOLE 16135 0 0 CISCO SYS INC COM Equities 17275R102 1098 42180 SH SOLE 42180 0 0 CISCO SYSTEMS Equities 17275R102 134 5148 SH DEFINED 3350 0 1798 CISCO SYSTEMS Equities 17275R102 312 12002 SH SOLE 10802 0 1200 COCA COLA Equities 191216100 7657 139225 SH SOLE 139225 0 0 COCA COLA Equities 191216100 1530 27832 SH DEFINED 22515 0 5317 CONOCOPHILIPS Equities 20825C104 658 12864 SH SOLE 12864 0 0 CONOCOPHILIPS Equities 20825C104 623 12185 SH DEFINED 10585 0 1600 CROWN CASTLE Equities 228227104 1140 29833 SH SOLE 29833 0 0 CROWN CASTLE Equities 228227104 3475 90915 SH DEFINED 0 0 90915 DEVON ENERGY CORP NEW Equities 25179M103 726 11275 SH SOLE 11275 0 0 DUKE ENERGY CORPORATION Equities 26441C105 107 6596 SH DEFINED 3500 0 3096 DUKE ENERGY CORPORATION Equities 26441C105 774 47460 SH SOLE 47460 0 0 EASTGROUP PROPERTIES, INC. Equities 277276101 83 2200 SH DEFINED 2200 0 0 EASTGROUP PROPERTIES, INC. Equities 277276101 2387 63275 SH SOLE 63275 0 0 ELI LILLY Equities 532457108 112 3095 SH SOLE 3095 0 0 ELI LILLY Equities 532457108 665 18375 SH DEFINED 17400 0 975 EMC Equities 268648102 226 12569 SH SOLE 12569 0 0 EMC Equities 268648102 117 6510 SH DEFINED 5100 0 1410 ENTERPRISE PRODUCTS PTNRS Equities 293792107 302 8752 SH DEFINED 1780 0 6972 ENTERPRISE PRODUCTS PTNRS Equities 293792107 1996 57732 SH SOLE 57732 0 0 EQUITY RESIDENTIAL Equities 29476L107 15 400 SH DEFINED 400 0 0 EQUITY RESIDENTIAL Equities 29476L107 735 18775 SH SOLE 18775 0 0 EXELON Equities 30161N101 64 1475 SH DEFINED 1150 0 325 EXELON Equities 30161N101 144 3290 SH SOLE 3290 0 0 EXXON MOBIL Equities 30231G102 13197 197034 SH DEFINED 149116 0 47918 EXXON MOBIL Equities 30231G102 358540 5352953 SH SOLE 5349153 0 3800 EXXON MOBIL CORP COM Equities 30231G102 1206 18000 SH SOLE 18000 0 0 FEDERAL REALTY Equities 313747206 273 3750 SH SOLE 3750 0 0 FEDERAL REALTY Equities 313747206 50 700 SH DEFINED 700 0 0 FLUOR Equities 343412102 535 11506 SH SOLE 11506 0 0 FORTUNE BRANDS Equities 349631101 247 5110 SH SOLE 5110 0 0 FORTUNE BRANDS Equities 349631101 16 350 SH DEFINED 0 0 350 FREEPORT-MCMORAN COPPE Equities 35671D857 1861 22271 SH SOLE 22271 0 0 GENERAL ELECTRIC Equities 369604103 3231 177568 SH SOLE 177568 0 0 GENERAL ELECTRIC Equities 369604103 613 33719 SH DEFINED 19988 2001 11730 HALLIBURTON Equities 406216101 0 0 SH DEFINED 0 0 0 HALLIBURTON Equities 406216101 412 13675 SH SOLE 13675 0 0 HOME DEPOT Equities 437076102 329 10186 SH SOLE 10186 0 0 HOME DEPOT Equities 437076102 689 21300 SH DEFINED 18825 0 2475 HONDA MOTOR ADR Equities 438128308 472 13400 SH DEFINED 4350 0 9050 HONDA MOTOR ADR Equities 438128308 637 18065 SH SOLE 17565 0 500 HSBC HOLDINGS ADR Equities 404280406 278 5486 SH SOLE 5486 0 0 HSBC HOLDINGS ADR Equities 404280406 0 0 SH DEFINED 0 0 0 IBM Equities 459200101 129 1006 SH DEFINED 795 0 211 IBM Equities 459200101 583 4547 SH SOLE 4547 0 0 INGERSOLL-RAND PLC Equities G47791101 971 27836 SH SOLE 27836 0 0 INTEL Equities 458140100 173 7771 SH DEFINED 4450 0 3321 INTEL Equities 458140100 1323 59354 SH SOLE 59354 0 0 ISHARES JAPAN Equities 464286848 23 2248 SH DEFINED 1975 0 273 ISHARES JAPAN Equities 464286848 1384 132570 SH SOLE 129133 0 3437 ISHARES LEHMAN US TREAS INFL ATIFixed Income 464287176 265 2551 SH DEFINED 1285 0 1266 ISHARES LEHMAN US TREAS INFL ATIFixed Income 464287176 4655 44809 SH SOLE 44357 0 452 JOHNSON & JOHNSON Equities 478160104 1316 20192 SH DEFINED 17725 0 2467 JOHNSON & JOHNSON Equities 478160104 4088 62704 SH SOLE 62704 0 0 KINDER MORGAN MGMT Equities 49455U100 623 10637 SH SOLE 10637 0 0 KINDER MORGAN MGMT Equities 49455U100 169 2891 SH DEFINED 1046 0 1845 KINDER MORGAN PARTNERS Equities 494550106 336 5140 SH SOLE 3140 0 2000 KINDER MORGAN PARTNERS Equities 494550106 140 2150 SH DEFINED 200 0 1950 LIBERTY MEDIA CORP - I Equities 53071M104 1153 75367 SH SOLE 75367 0 0 LIBERTY PPTY TR Equities 531172104 64 1900 SH DEFINED 1900 0 0 LIBERTY PPTY TR Equities 531172104 2231 65755 SH SOLE 65755 0 0 MACERICH Equities 554382101 1073 28033 SH SOLE 28033 0 0 MACERICH Equities 554382101 7 205 SH DEFINED 205 0 0 MACK-CALI REALTY CORP. Equities 554489104 21 600 SH DEFINED 600 0 0 MACK-CALI REALTY CORP. Equities 554489104 1040 29515 SH SOLE 29515 0 0 MAGELLAN MIDSTREAM PARTNERS, L.Equities 559080106 297 6251 SH DEFINED 1350 0 4901 MAGELLAN MIDSTREAM PARTNERS, L.Equities 559080106 744 15661 SH SOLE 15661 0 0 MANULIFE FINCL ADR Equities 56501R106 461 23462 SH SOLE 23462 0 0 MEDTRONIC Equities 585055106 212 4710 SH DEFINED 3025 0 1685 MEDTRONIC Equities 585055106 503 11183 SH SOLE 11183 0 0 MERCK Equities 58933Y105 928 24861 SH DEFINED 22500 0 2361 MERCK Equities 58933Y105 2997 80253 SH SOLE 80253 0 0 METLIFE, INC. Equities 59156R108 1397 32240 SH SOLE 32240 0 0 MICROSOFT Equities 594918104 4250 145116 SH SOLE 143116 0 2000 MICROSOFT Equities 594918104 298 10192 SH DEFINED 3700 0 6492 MONSANTO Equities 61166W101 242 3400 SH SOLE 3400 0 0 MONSANTO Equities 61166W101 112 1581 SH DEFINED 880 0 701 MOSAIC COMPANY Equities 61945A107 1070 17605 SH SOLE 17605 0 0 MOSAIC COMPANY Equities 61945A107 294 4845 SH SOLE 4845 0 0 MOSAIC COMPANY Equities 61945A107 123 2040 SH DEFINED 1240 0 800 NATIONWIDE HEALTH PROPERTIES Equities 638620104 1423 40490 SH SOLE 40490 0 0 NATIONWIDE HEALTH PROPERTIES Equities 638620104 59 1700 SH DEFINED 1700 0 0 NUVEEN INSD MUN OPP Mutual Funds 670984103 236 17000 SH SOLE 17000 0 0 PARKWAY PROPERTIES Equities 70159Q104 48 2600 SH DEFINED 2600 0 0 PARKWAY PROPERTIES Equities 70159Q104 1654 88115 SH SOLE 88115 0 0 PATTERSON-UTI ENERGY Equities 703481101 286 20500 SH SOLE 20500 0 0 PEPSICO Equities 713448108 510 7723 SH SOLE 7723 0 0 PEPSICO Equities 713448108 490 7410 SH DEFINED 6910 0 500 PETROLEO BRASILEIRO AD Equities 71654V408 898 20175 SH SOLE 20175 0 0 PFIZER Equities 717081103 53 3097 SH DEFINED 813 0 2284 PFIZER Equities 717081103 371 21677 SH SOLE 21677 0 0 PLAINS ALL AMERCN PL Equities 726503105 700 12315 SH SOLE 12315 0 0 PLAINS ALL AMERCN PL Equities 726503105 293 5150 SH DEFINED 1090 0 4060 PROCTER & GAMBLE Equities 742718109 6467 102218 SH SOLE 102218 0 0 PROCTER & GAMBLE Equities 742718109 1066 16864 SH DEFINED 10580 0 6284 PROSPERITY BANCSHARES Equities 743606105 614 15000 SH DEFINED 15000 0 0 PROSPERITY BANCSHARES Equities 743606105 0 0 SH SOLE 0 0 0 PUBLIC STORAGE, INC. Equities 74460D109 812 8830 SH SOLE 8830 0 0 PUBLIC STORAGE, INC. Equities 74460D109 32 350 SH DEFINED 350 0 0 ROYAL BANK OF CANADA Equities 780087102 851 14596 SH SOLE 14596 0 0 ROYAL BANK OF CANADA Equities 780087102 75 1300 SH DEFINED 0 0 1300 S&P SPDR TRUST SERIES I Equities 78462F103 0 0 SH SOLE 0 0 0 S&P SPDR TRUST SERIES I Equities 78462F103 331 2835 SH DEFINED 0 0 2835 SANDERS MORRIS HARRIS GROUP Equities 80000Q104 148 24027 SH DEFINED 12122 0 11905 SANDERS MORRIS HARRIS GROUP Equities 80000Q104 1957 316300 SH SOLE 316300 0 0 SCHLUMBERGER Equities 806857108 266 4200 SH DEFINED 2300 0 1900 SCHLUMBERGER Equities 806857108 671 10580 SH SOLE 10580 0 0 SERVICE CORP INTERNATIONAL Equities 817565104 6685 728253 SH SOLE 728253 0 0 SERVICE CORP INTERNATIONAL Equities 817565104 0 0 SH DEFINED 0 0 0 SIMON PPTY GROUP Equities 828806109 4003 47717 SH SOLE 47717 0 0 SIMON PPTY GROUP Equities 828806109 132 1575 SH DEFINED 1575 0 0 SOUTHWEST AIRLINES Equities 844741108 144 10925 SH SOLE 10925 0 0 SPDR GOLD TRUST Equities 78463V107 1361 12492 SH SOLE 12411 0 81 SPDR GOLD TRUST Equities 78463V107 589 5413 SH DEFINED 3272 0 2141 STERLING BANCSHARES Equities 858907108 119 21366 SH SOLE 21366 0 0 SUNOCO LOGISTICS LP Equities 86764L108 82 1200 SH DEFINED 420 0 780 SUNOCO LOGISTICS LP Equities 86764L108 323 4727 SH SOLE 4727 0 0 SUNTRUST BANKS Equities 867914103 335 12511 SH SOLE 12511 0 0 SUNTRUST BANKS Equities 867914103 53 1980 SH DEFINED 650 0 1330 TARGET CORPORATION Equities 87612E106 164 3120 SH DEFINED 2095 0 1025 TARGET CORPORATION Equities 87612E106 306 5833 SH SOLE 5833 0 0 TELEFONICA ADR Equities 879382208 17 250 SH SOLE 0 0 250 TELEFONICA ADR Equities 879382208 221 3111 SH DEFINED 0 0 3111 TOTAL S.A. ADR Equities 89151E109 211 3640 SH DEFINED 0 0 3640 TOTAL S.A. ADR Equities 89151E109 30 523 SH SOLE 198 0 325 TRANSOCEAN LTD Equities H8817H100 973 11265 SH SOLE 11265 0 0 TRANSOCEAN LTD. Equities H8817H100 109 1272 SH DEFINED 975 0 297 TRANSOCEAN LTD. Equities H8817H100 252 2922 SH SOLE 2922 0 0 U Q M TECHNOLOGIES Equities 903213106 186 44359 SH SOLE 44359 0 0 U.S. BANCORP Equities 902973304 393 15200 SH DEFINED 15200 0 0 U.S. BANCORP Equities 902973304 5 225 SH SOLE 225 0 0 UNITED TECHNOLOGIES Equities 913017109 0 0 SH DEFINED 0 0 0 UNITED TECHNOLOGIES Equities 913017109 307 4182 SH SOLE 4182 0 0 UNITEDHEALTH GROUP INC Equities 91324P102 245 7500 SH SOLE 7500 0 0 UNITRIN INC Equities 913275103 0 0 SH DEFINED 0 0 0 UNITRIN INC Equities 913275103 302 10774 SH SOLE 10774 0 0 VANGUARD REIT ETF Equities 922908553 1217 24951 SH SOLE 24321 0 630 VANGUARD REIT ETF Equities 922908553 101 2088 SH DEFINED 1960 0 128 WALT DISNEY Equities 254687106 259 7426 SH SOLE 7426 0 0 WALT DISNEY Equities 254687106 187 5375 SH DEFINED 3025 0 2350 WEINGARTEN REALTY INVESTORS Equities 948741103 92 4300 SH DEFINED 3550 0 750 WEINGARTEN REALTY INVESTORS Equities 948741103 2982 138322 SH SOLE 138322 0 0 WELLS FARGO Equities 949746101 937 30126 SH SOLE 30126 0 0 WELLS FARGO Equities 949746101 618 19862 SH DEFINED 19000 0 862