13F-HR 1 c82656e13fvhr.txt FORM 13F - HOLDINGS REPORT 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, 2003 Check here is Amendment [ ]; Amendment Number: The Amendment (Check only one.): [ ] is a restatement. [ ] adds new entries. Institutional Investment Manager Filing this Report: Name: First Interstate Bank Address: 401 North 31st Street Billings, MT 59116 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: Richard A. McCann Title: Vice President Phone: 406-255-5132 Signature, Place, and Date of Signing: /s/ Richard A. McCann Billings, MT January 29, 2004 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. 13F SUMMARY PAGE Report Summary: Number of Other Included Mangers: 0 Form 13F Information Table Entry Total: 252 Form 13F Information Table Value Total: $246,172,864 List of Other Included Managers: NONE 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:22 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Aflac Inc Equity 001055102 918,972 25,400 21,320 810 0 23,080 0 2,320 AES Corporation Equity 00130H105 101,008 10,700 0 0 0 0 0 10,700 AT&T Wireless Services Inc Equity 00209A106 300,560 37,617 2,398 1,106 0 3,986 0 33,631 Abbott Laboratories Equity 002824100 1,594,559 34,218 23,855 7,925 0 31,447 200 2,571 Advanced Auto Parts Inc Equity 00751Y106 368,335 4,525 0 0 0 0 0 4,525 Aetna U S Healthcare Inc Equity 00817Y108 489,955 7,250 0 0 0 250 0 7,000 Affiliated Computer Services Inc Equity 008190100 355,352 6,525 0 0 0 0 0 6,525 Agilent Technologies Inc Equity 00846U101 633,163 21,654 110 0 0 110 0 21,544 Air Products & Chemicals Equity 009158106 1,546,757 29,278 26,853 1,475 0 27,728 600 950 Albertson's Inc Equity 013104104 441,313 19,484 4,304 850 0 5,154 0 14,330 Alcan Aluminium Limited Equity 013716105 218,318 4,650 0 0 0 0 0 4,650 Alcoa Inc Equity 013817101 1,466,838 38,601 24,676 2,125 0 26,576 125 11,900 Alliant Techsystems Inc. Equity 018804104 302,085 5,230 0 0 0 0 0 5,230 Allstate Corporation Equity 020002101 438,804 10,200 2,750 1,800 0 4,550 0 5,650 Alltel Corporation Equity 020039103 1,862,036 39,975 35,868 3,307 0 38,245 0 1,730 Altria Group Inc Equity 02209S103 1,160,779 21,330 1,335 970 0 2,305 0 19,025 American Express Company Equity 025816109 1,128,003 23,388 11,813 100 0 11,913 0 11,475 American International Group Inc Equity 026874107 4,314,033 65,088 45,059 3,169 0 47,206 275 17,607 Ameritrade Holding Corporation Equity 03074K100 253,257 17,950 0 0 0 0 0 17,950 Amgen Inc Equity 031162100 1,662,151 26,900 13,495 200 0 13,545 0 13,355 Anadarko Petroleum Corporation Equity 032511107 525,556 10,303 347 150 0 347 150 9,806 Anheuser-Busch Companies Inc Equity 035229103 1,458,551 27,687 19,977 2,195 0 21,697 0 5,990 AON Corporation Equity 037389103 532,426 22,240 0 0 0 0 0 22,240 Apache Corporation Equity 037411105 479,301 5,910 597 462 0 1,059 0 4,851 Applied Materials Inc Equity 038222105 228,888 10,200 0 0 0 0 0 10,200 Automatic Data Processing Inc Equity 053015103 1,798,215 45,398 20,373 500 0 20,873 0 24,525 BB&T Corporation Equity 054937107 247,296 6,400 6,400 0 0 6,400 0 0 BP PLC Formerly BP Amoco PLC Sponsored Equity 055622104 3,949,974 80,040 33,332 9,000 0 36,732 0 43,308 Bank America Corporation Equity 060505104 2,435,581 30,282 16,853 1,250 0 17,870 0 12,412 Barnes & Noble Inc Equity 067774109 215,168 6,550 0 0 0 0 0 6,550 Barrick Gold Corporation Equity 067901108 612,489 26,970 4,770 0 0 4,770 0 22,200
FIBCM Page 1 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:22 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER BEA Systems Inc Equity 073325102 134,070 10,900 0 0 0 0 0 10,900 Becton Dickinson & Company Equity 075887109 290,037 7,050 650 0 0 1,050 0 6,000 Bellsouth Corporation Equity 079860102 727,876 25,720 21,038 3,014 0 23,908 0 1,812 Bemis Company Inc Equity 081437105 298,750 5,975 0 0 0 0 0 5,975 Berkshire Hathaway Inc Class B Equity 084670207 216,755 77 3 0 0 3 0 74 Biomet Inc Equity 090613100 306,059 8,450 0 0 0 0 0 8,450 Boeing Company Equity 097023105 211,543 5,020 400 540 0 400 0 4,620 Bristol Myers Squibb Company Equity 110122108 712,884 24,926 12,910 350 0 13,260 0 11,666 Burlington Resources Inc Equity 122014103 408,372 7,374 1,174 0 0 1,174 0 6,200 CBQ Inc Equity 12488S104 1,350 30,000 0 0 0 0 0 30,000 CVS Corporation Equity 126650100 544,509 15,075 0 0 0 0 0 15,075 Calpine Corp Inc Equity 131347106 241,943 50,300 0 0 0 0 0 50,300 Capital One Financial Equity 14040H105 209,918 3,425 0 0 0 900 0 2,525 Cardinal Health Inc Equity 14149Y108 1,733,947 28,351 21,238 750 0 21,855 0 6,496 Carnival Corporation Equity 143658300 402,028 10,119 119 0 0 119 0 10,000 Caterpillar Inc Equity 149123101 816,087 9,830 2,030 0 0 2,030 0 7,800 Chevron Texaco Corporation Equity 166764100 3,456,896 40,015 24,572 700 0 25,138 0 14,877 Chiron Corporation Equity 170040109 304,843 5,350 150 0 0 150 0 5,200 Chromatochem Inc Series B - Market Price N/A Preferred Stock 171990104 15 15,000 0 0 0 0 0 15,000 Cinergy Corporation Equity 172474108 231,696 5,970 4,000 0 0 4,000 0 1,970 Cisco Systems Inc Equity 17275R102 4,235,598 174,808 98,852 10,500 0 109,802 400 64,606 Citigroup Inc Equity 172967101 6,714,296 138,325 70,628 20,775 0 79,235 933 58,157 Clear Channel Communications Inc Equity 184502102 318,444 6,800 0 0 0 0 0 6,800 Coca Cola Company Equity 191216100 1,068,846 21,061 10,206 350 0 10,556 0 10,505 Coca Cola Enterprises Inc Equity 191219104 289,778 13,250 0 0 0 0 0 13,250 Colgate Palmolive Company Equity 194162103 488,138 9,753 3,600 0 0 3,600 0 6,153 Comcast Corp Class A Equity 20030N101 548,183 16,718 1,797 891 0 3,173 0 13,545 Computer Associates International Inc Equity 204912109 851,532 31,146 316 0 0 316 0 30,830 Computer Sciences Corp Equity 205363104 366,667 8,290 0 0 0 0 0 8,290 Conagra Inc Equity 205887102 242,946 9,206 5,366 400 0 5,366 0 3,840 Conocophillips Equity 20825C104 1,069,119 16,305 4,501 514 0 5,701 0 10,604
FIBCM Page 2 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:23 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Consolidated Edison Inc Equity 209115104 262,361 6,100 0 800 0 800 0 5,300 Corning Inc Equity 219350105 125,462 12,029 1,920 350 0 3,270 0 8,759 Costco Wholesale Corporation Equity 22160K105 1,908,264 51,325 23,875 0 0 23,875 0 27,450 Countrywide Financial Corporation Equity 222372104 831,822 10,967 0 0 0 0 0 10,967 DTE Energy Company Equity 233331107 288,999 7,335 215 0 0 215 0 7,120 Danaher Corporation Equity 235851102 854,560 9,314 8,514 550 0 8,830 0 484 Dauphin Technology Inc Equity 238326102 1,300 26,000 0 0 0 0 0 26,000 Dean Foods Corporation Equity 242370104 248,169 7,550 0 0 0 2,000 0 5,550 Deere & Company Equity 244199105 604,965 9,300 300 0 0 300 0 9,000 Dell Inc Equity 24702R101 1,882,016 55,386 32,001 2,430 0 35,965 0 19,421 Delphi Corporation Equity 247126105 185,036 18,123 0 939 0 139 0 17,984 Cutthroat Communications Inc PFD Preferred Stock 2478141 75,000 75,000 0 0 0 0 0 75,000 Denny's Corporation Equity 24869P104 4,100 10,000 0 0 0 0 0 10,000 Devon Energy Corporation New Equity 25179M103 223,199 3,898 0 0 0 0 0 3,898 Dial Corporation Equity 25247D101 260,216 9,140 0 0 0 0 0 9,140 Disney Walt Co Holdings Equity 254687106 209,480 8,979 4,670 600 0 5,270 0 3,709 Dominion Res Inc Equity 25746U109 653,875 10,244 6,744 0 0 6,744 0 3,500 Dow Chemical Company Equity 260543103 407,386 9,800 0 0 0 0 0 9,800 Du Pont E I De Nemours & Company Equity 263534109 1,153,307 25,132 20,138 2,950 0 21,888 0 3,244 Duke Energy Corporation Equity 264399106 1,217,225 59,522 49,542 4,030 0 52,172 150 7,200 EMC Corporation Equity 268648102 530,469 41,058 4,058 0 0 6,008 0 35,050 EPI Environmental Inc Equity 26899P103 84,000 14,000 0 0 0 0 0 14,000 Eastman Kodak Company Equity 277461109 210,366 8,195 75 900 0 675 0 7,520 Eaton Corporation Equity 278058102 280,100 2,594 44 125 0 44 125 2,425 Electronic Data Systems Corporation Equity 285661104 533,990 21,760 550 0 0 550 0 21,210 Emerson Electric Company Equity 291011104 1,989,768 30,730 18,555 300 0 18,455 0 12,275 Exelon Corporation Equity 30161N101 442,953 6,675 400 0 0 1,450 0 5,225 Exxon Mobil Corporation Equity 30231G102 9,150,708 223,188 111,529 21,514 0 136,103 1,278 85,807 FBL Financial Group Inc Cl A Equity 30239F106 11,990,240 464,738 834 0 0 834 0 463,904 FPL Group Inc Equity 302571104 333,577 5,099 2,869 0 0 2,869 0 2,230 Federal Home Loan Mortgage Corporation Equity 313400301 425,736 7,300 300 0 0 300 0 7,000
FIBCM Page 3 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:23 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Federal National Mortgage Association Equity 313586109 1,976,030 26,326 16,255 1,300 0 17,355 200 8,771 Fifth Third Bancorp Equity 316773100 926,511 15,677 14,727 250 0 14,835 0 842 First Data Corporation Equity 319963104 990,885 24,115 7,365 1,100 0 8,580 0 15,535 Fleetboston Financial Corp Equity 339030108 707,130 16,200 5,770 0 0 5,770 0 10,430 Ford Motor Company Equity 345370860 239,968 14,998 8,136 2,702 0 10,838 0 4,160 Forest Laboratories Inc Equity 345838106 1,061,353 17,174 11,064 260 0 11,090 0 6,084 Fortune Brands Inc Equity 349631101 271,376 3,796 1,916 0 0 1,916 0 1,880 Fox Entertainment Group Inc Class A Equity 35138T107 360,731 12,375 0 0 0 0 0 12,375 Franklin Resources Inc Equity 354613101 874,608 16,800 0 0 0 0 0 16,800 General Dynamics Corporation Equity 369550108 1,309,751 14,490 12,545 380 0 12,675 0 1,815 General Electric Company Equity 369604103 9,026,426 291,363 138,471 24,178 0 153,093 3,523 134,747 General Motors Corporation Equity 370442105 496,513 9,298 2,500 800 0 4,150 0 5,148 Gillette Company Equity 375766102 1,133,121 30,850 14,050 1,000 0 15,050 0 15,800 Glacier Bancorp Inc Equity 37637Q105 666,447 20,525 436 0 0 436 0 20,089 Goldman Sachs Group Inc Equity 38141G104 669,883 6,785 1,500 0 0 1,500 0 5,285 HCA Inc Equity 404119109 442,488 10,300 0 0 0 0 0 10,300 HRPT Properties Trust SBI Equity 40426W101 114,017 11,300 10,000 0 0 10,000 0 1,300 Harley Davidson Inc Equity 412822108 507,620 10,680 50 0 0 50 0 10,630 Hartford Financial Services Group Inc Equity 416515104 435,759 7,382 182 0 0 182 0 7,200 Heinz H J Company Equity 423074103 385,065 10,570 4,075 525 0 4,600 0 5,970 Hewlett Packard Company Equity 428236103 2,096,954 91,291 63,779 6,520 0 70,949 1,250 19,092 Hilton Hotels Corp Equity 432848109 179,009 10,450 0 0 0 0 0 10,450 Home Depot Inc Equity 437076102 3,361,364 94,713 54,843 4,600 0 58,245 900 35,568 Honeywell International Inc Equity 438516106 2,485,721 74,356 16,174 4,902 0 17,876 0 56,480 Hypercom Corporation Equity 44913M105 47,600 10,000 0 0 0 0 0 10,000 Illinois Tool Works Inc Equity 452308109 2,618,579 31,207 19,157 1,580 0 20,537 200 10,470 Imation Corporation Equity 45245A107 696,005 19,801 0 0 0 0 0 19,801 Inco Limited Equity 453258402 280,731 7,050 0 0 0 0 0 7,050 Intel Corporation Equity 458140100 4,078,715 127,261 68,523 7,880 0 74,998 1,275 50,988 Interactive Corporation Equity 45840Q101 204,598 6,030 30 0 0 30 0 6,000 International Business Machines Corporation Equity 459200101 4,202,575 4 5,345 21,600 2,615 0 23,215 500 21,630
FIBCM Page 4 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:23 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER International Paper Company Equity 460146103 389,758 9,041 1,711 0 0 1,711 0 7,330 Interstate Power & Light 8.375% PFD Preferred Stock 461070872 315,000 10,000 0 0 0 0 0 10,000 J. P. Morgan Chase & Company Equity 46625H100 1,662,547 45,264 14,913 1,600 0 17,213 0 28,051 Johnson & Johnson Equity 478160104 4,673,680 90,470 46,405 7,510 0 50,659 600 39,211 Johnson Controls Inc Equity 478366107 1,209,738 10,418 9,148 300 0 9,598 0 820 Jore Corporation Equity 480815109 25 191,583 190,783 0 0 190,783 0 800 Escrow Kmart Equity 482MMI7C3 1 25,000 0 0 0 0 0 25,000 Kellogg Company Equity 487836108 217,056 5,700 0 0 0 0 0 5,700 Kerr-McGee Corporation Equity 492386107 286,006 6,152 152 0 0 152 0 6,000 Keyspan Corporation Equity 49337W100 201,480 5,475 0 0 0 0 0 5,475 Kimberly Clark Corporation Equity 494368103 1,342,761 22,724 10,864 1,930 0 12,594 200 9,930 Kohls Corporation Equity 500255104 1,690,418 37,615 19,695 500 0 19,905 0 17,710 Korea Electric Power Corporation ADR Equity 500631106 103,900 10,000 0 0 0 0 0 10,000 L-3 Communications Holdings Corporation Equity 502424104 241,392 4,700 140 0 0 140 0 4,560 Lauder Estee Companies Inc Class A Equity 518439104 337,636 8,600 0 0 0 0 0 8,600 Lee Enterprises Inc Equity 523768109 237,194 5,434 5,434 0 0 5,434 0 0 Lehman Brothers Holdings Inc Equity 524908100 446,795 5,786 11 0 0 361 0 5,425 Level 3 Communications Inc Equity 52729N100 244,958 42,975 600 27,900 0 25,300 0 17,675 Liberty Media Corp Ser A Equity 530718105 526,382 44,271 671 0 0 671 0 43,600 Light Management Group Inc Equity 53222E209 13,000 100,000 0 0 0 0 0 100,000 Lilly Eli & Company Equity 532457108 2,007,429 28,543 19,843 1,375 0 20,618 275 7,650 Lincoln National Corporation Equity 534187109 213,961 5,300 5,300 0 0 5,300 0 0 Lockheed Martin Corporation Equity 539830109 514,514 10,010 0 250 0 250 0 9,760 Loews Corporation Equity 540424108 329,832 6,670 0 0 0 0 0 6,670 Lowes Cos Inc Equity 548661107 1,724,512 31,134 26,519 2,640 0 28,034 875 2,225 Lucent Technologies Inc Equity 549463107 68,027 23,953 6,086 3,342 0 10,579 0 13,374 MBIA Inc Equity 55262C100 2,263,830 38,221 35,616 2,055 0 37,096 575 550 MBNA Corporation Equity 55262L100 1,035,251 41,660 0 0 0 0 0 41,660 MDU Resources Group Inc Equity 552690109 1,779,917 74,755 38,761 30,012 0 40,848 0 33,907 MGIC Investment Corporation Equity 552848103 450,225 7,907 207 0 0 207 0 7,700 MAIR Holdings Inc. Equity 560635104 72,800 10,000 0 0 0 0 0 10,000
FIBCM Page 5 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:23 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Manulife Financial Corporation Equity 56501R106 231,720 7,174 7,174 0 0 7,174 0 0 Marathon Oil Corporation Equity 565849106 310,053 9,370 6,270 400 0 8,970 0 400 Maxim Integrated Products Inc Equity 57772K101 442,502 8,925 3,000 0 0 3,000 0 5,925 McDonalds Corporation Equity 580135101 695,463 28,009 8,255 3,604 0 10,055 0 17,954 McGraw Hill Companies Inc Equity 580645109 2,410,702 34,478 30,828 2,050 0 32,218 400 1,860 Medtronic Inc Equity 585055106 3,162,664 65,062 41,127 4,245 0 44,404 735 19,923 Mellon Financial Corporation Equity 58551A108 245,642 7,650 2,400 0 0 2,400 0 5,250 Merck & Company Inc Equity 589331107 1,596,672 34,560 8,910 3,365 0 11,975 300 22,285 Merrill Lynch & Company Inc Equity 590188108 285,626 4,870 120 0 0 770 0 4,100 Metlife Inc Equity 59156R108 464,646 13,800 100 0 0 2,200 0 11,600 Microsoft Corporation Equity 594918104 5,516,259 201,544 90,104 5,680 0 93,984 1,150 106,410 Morgan Stanley Dean Witter & Company Equity 617446448 363,424 6,280 2,900 400 0 3,300 0 2,980 Motorola Inc Equity 620076109 778,652 55,618 14,768 3,150 0 17,468 450 37,700 Newfield Exploration Co Equity 651290108 345,185 7,750 0 0 0 0 0 7,750 Nextel Communications Inc Class A Equity 65332V103 220,271 7,850 0 0 0 0 0 7,850 Nokia Corporation Equity 654902204 733,210 43,130 29,435 1,550 0 30,485 0 12,645 Northern Trust Corporation Equity 665859104 1,198,791 25,903 24,293 510 0 24,438 0 1,465 Northrop Grumman Corporation Equity 666807102 536,316 5,610 0 0 0 0 0 5,610 Novellus Systems Inc Equity 670008101 353,430 8,405 0 0 0 0 0 8,405 Occidental Petroleum Corporation Equity 674599105 378,048 8,950 0 0 0 0 0 8,950 Oracle Corporation Equity 68389X105 1,201,628 90,826 67,496 6,095 0 72,591 600 17,635 PPG Industries Inc Equity 693506107 750,635 11,725 10,825 700 0 11,385 0 340 Paccar Inc Equity 693718108 1,554,291 18,260 45 0 0 45 0 18,215 Penney J C Inc Equity 708160106 286,452 10,900 600 10,100 0 10,700 0 200 Pepsico Inc Equity 713448108 2,964,473 63,588 42,173 4,100 0 44,443 575 18,570 Petsmart Inc Equity 716768106 240,380 10,100 0 0 0 0 0 10,100 Pfizer Inc Equity 717081103 5,472,476 154,896 87,855 6,545 0 93,650 700 60,546 Phelps Dodge Corporation Equity 717265102 303,827 3,993 18 0 0 18 0 3,975 Pioneer Natural Resources Company Equity 723787107 233,408 7,310 0 0 0 0 0 7,310 Pitney Bowes Inc Equity 724479100 440,727 10,850 0 0 0 1,200 0 9,650 Portland General Electric Company Equity 736508862 305,333 2,968 0 0 0 0 0 2,968
FIBCM Page 6 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:23 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Praxair Inc Equity 74005P104 206,280 5,400 0 0 0 0 0 5,400 Proctor & Gamble Company Equity 742718109 3,189,468 31,933 19,663 960 0 20,223 200 11,510 Prudential Financial Inc Equity 744320102 683,315 16,359 4,626 0 0 5,676 0 10,683 Qualcomm Inc Equity 747525103 414,722 7,690 3,700 0 0 3,700 0 3,990 Quest Diagnostics Inc Equity 74834L100 237,608 3,250 0 0 0 0 0 3,250 Raytheon Company Equity 755111507 663,764 22,096 496 0 0 1,496 0 20,600 Royal Dutch Petro Ny Reg Sh Par N 1.25 Gldr Equity 780257804 651,051 12,427 9,427 0 0 9,427 0 3,000 SBC Communications Inc Equity 78387G103 1,604,348 61,540 40,896 5,200 0 45,996 0 15,544 SG Preferred Capital II Preferred Stock 784210304 500,000 500 0 0 0 0 0 500 Safeway Inc Equity 786514208 374,661 17,100 630 250 0 880 0 16,220 St Paul Companies Inc Equity 792860108 525,561 13,255 13,255 0 0 13,255 0 0 San Diego Gas & Electric Preferred Stock 797440831 303,525 11,400 0 0 0 0 0 11,400 SAP Aktiengesellschaft Sponsored ADR Equity 803054204 344,948 8,300 0 0 0 0 0 8,300 Sara Lee Corporation Equity 803111103 258,045 11,886 566 0 0 566 0 11,320 Schlumberger Limited Equity 806857108 528,048 9,650 5,730 1,070 0 6,800 0 2,850 Sherwin-Williams Company Equity 824348106 454,920 13,095 2,600 800 0 3,400 0 9,695 Shurgard Storage Centers Inc Equity 82567D104 286,140 7,600 7,600 0 0 7,600 0 0 Sigma-Aldrich Corporation Equity 826552101 293,048 5,125 0 0 0 0 0 5,125 Southern Company Equity 842587107 359,068 11,870 7,770 500 0 7,770 0 4,100 Southtrust Corporation Equity 844730101 338,859 10,350 7,200 0 0 10,050 0 300 Southwest Airlines Company Equity 844741108 246,539 15,275 5,275 0 0 5,275 0 10,000 Sprint FON Group Equity 852061100 397,528 24,210 250 0 0 4,200 0 20,010 Staples Inc Equity 855030102 959,049 35,130 25,768 1,075 0 28,343 0 6,787 State Street Corporation Equity 857477103 555,433 10,665 2,270 1,100 0 3,370 0 7,295 Sterling Financial Corporation Equity 859319105 454,305 13,276 0 0 0 0 0 13,276 Stryker Corporation Equity 863667101 872,628 10,265 8,800 360 0 9,160 0 1,105 Sungard Data Systems Inc Equity 867363103 307,165 11,085 0 0 0 0 0 11,085 Suntrust Banks Inc Equity 867914103 225,225 3,150 3,150 0 0 3,150 0 0 Sysco Corporation Equity 871829107 1,292,626 34,720 20,025 300 0 20,325 0 14,395 Taiwan Semiconductor ADR Equity 874039100 416,532 40,677 205 0 0 205 0 40,472 Target Corporation Equity 87612E106 1,119,936 29,165 25,490 375 0 25,515 250 3,400
FIBCM Page 7 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:24 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Teraforce Technology Corporation Equity 88077T109 8,750 35,000 0 0 0 0 0 35,000 Texas Instruments Inc Equity 882508104 482,420 16,420 1,125 0 0 1,125 0 15,295 3M Company Equity 88579Y101 2,373,697 27,916 10,086 2,300 0 10,166 220 17,530 Time Warner Inc Equity 887317105 608,530 33,826 920 0 0 3,420 0 30,406 Toronto Dominion Bank Equity 891160509 367,620 11,000 11,000 0 0 11,000 0 0 Total SA Sponsored ADR Equity 89151E109 596,690 6,450 0 0 0 0 0 6,450 Touch America Holdings Inc Equity 891539108 360 30,004 4,584 0 0 4,584 0 25,420 Travelers Property Casualty Corporation Cl A Equity 89420G109 414,886 24,725 28 695 0 75 0 24,650 Tribune Company Equity 896047107 368,166 7,135 1,100 0 0 1,100 0 6,035 Tripos Inc Equity 896928108 83,458 12,475 0 0 0 0 0 12,475 Tyco International Limited Equity 902124106 381,892 14,411 621 300 0 921 0 13,490 U S Bancorp Del Equity 902973304 525,021 17,630 3,604 0 0 7,154 0 10,476 Ultra Pete Corporation Equity 903914109 571,184 23,200 0 0 0 16,000 0 7,200 Union Pacific Corporation Equity 907818108 534,371 7,691 1,066 600 0 1,366 300 6,025 United Parcel Service Inc Class B Equity 911312106 748,482 10,040 35 0 0 35 0 10,005 United Technologies Corporation Equity 913017109 2,941,566 31,039 20,409 1,420 0 22,129 150 8,760 Verizon Communications Equity 92343V104 1,547,554 44,115 12,592 2,798 0 16,336 0 27,779 Viacom Incorporated Class B Equity 925524308 485,739 10,945 0 0 0 0 0 10,945 Viad Corporation Equity 92552R109 281,125 11,245 0 0 0 0 0 11,245 Wachovia Corp 2nd Equity 929903102 287,227 6,165 4,085 0 0 4,935 0 1,230 Wal-Mart Stores Inc Equity 931142103 3,696,153 69,673 45,973 4,935 0 49,708 675 19,290 Walgreen Company Equity 931422109 1,548,333 42,560 37,605 1,650 0 38,050 500 4,010 Wells Fargo & Company Equity 949746101 3,949,870 67,072 41,501 5,075 0 45,559 750 20,763 Williams Sonoma Inc Equity 969904101 259,037 7,450 0 0 0 0 0 7,450 Winter Sports Inc Equity 976072108 353,209 21,803 20,834 0 0 0 0 21,803 Wyeth Equity 983024100 1,566,660 36,906 11,710 300 0 12,010 0 24,896 Xin Net Corporation Equity 98413G109 1,785 17,000 0 0 0 0 0 17,000 Sugarland Enterprises Inc Equity 998000483 1,548,078 26,691 2,135 24,556 0 276 0 26,415 Bayerische Motoren Werke AG Equity D12096109 312,156 6,786 0 0 0 0 0 6,786 Amdocs LTD Equity G02602103 202,320 9,000 0 0 0 0 0 9,000 Everest RE Group Ltd Equity G3223R108 224,190 2,650 0 0 0 0 0 2,650
FIBCM Page 8 of 9 13 F REPORT OF MANAGED ASSETS Date Run : 02/04/2004 Processing Date : 02/04/2004 Time Printed : 10:38:24 AM As Of Date : 12/31/2003 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV SOLE SHARED OTHER SOLE SHARED OTHER Ingersoll-Rand Company Class A Equity G4776G101 467,014 6,880 0 0 0 0 0 6,880 Marvell Tech Group Inc Equity G5876H105 203,874 5,375 0 0 0 0 0 5,375 Transocean Inc Equity G90078109 631,103 26,285 190 0 0 190 0 26,095 XL Capital Limited Class A Equity G98255105 214,038 2,760 0 0 0 0 0 2,760 246,172,864
* * * END OF ASSET REPORT * * * 252 ASSETS REPORTED OF 23520 ASSETS ON FILE FIBCM Page 9 of 9