13F-HR 1 c84613e13fvhr.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: March 31, 2004 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 April 19, 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: 244 Form 13F Information Table Value Total: $244,137,554 List of Other Included Managers: NONE 13 F REPORT OF MANAGED ASSETS Date Run : 04/09/2004 Processing Date : 04/09/2004 Time Printed: 7:29:17 AM As Of Date : 03/31/2004
NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV ADC Telecommunications Inc Equity 000886101 30,740 10,600 Aflac Inc Equity 001055102 1,100,237 27,410 AES Corporation Equity 00130H105 91,271 10,700 Abbott Laboratories Equity 002824100 1,519,508 36,971 Advanced Auto Parts Inc Equity 00751Y106 319,260 7,850 Aetna U S Healthcare Inc Equity 00817Y108 924,116 10,300 Affiliated Computer Services Inc Equity 008190100 707,138 13,625 Agilent Technologies Inc Equity 00846U101 985,401 31,154 Air Products & Chemicals Equity 009158106 1,425,814 28,448 Albertson's Inc Equity 013104104 396,042 17,880 Alcoa Inc Equity 013817101 1,382,084 39,841 Alliant Techsystems Inc. Equity 018804104 284,512 5,230 Allstate Corporation Equity 020002101 550,066 12,100 Alltel Corporation Equity 020039103 1,766,854 35,415 Altria Group Inc Equity 02209S103 1,168,497 21,460 America Movil-ADR Series L Equity 02364W105 262,820 6,800 American Express Company Equity 025816109 1,195,039 23,048 American International Group Inc Equity 026874107 4,797,574 67,240 Ameritrade Holding Corporation Equity 03074K100 294,910 19,150 Amgen Inc Equity 031162100 1,710,192 29,410 Anheuser-Busch Companies Inc Equity 035229103 1,383,222 27,122 AON Corporation Equity 037389103 586,110 21,000 Apache Corporation Equity 037411105 501,635 11,620 Applied Materials Inc Equity 038222105 217,566 10,200 Automatic Data Processing Inc Equity 053015103 1,873,116 44,598 BB&T Corporation Equity 054937107 225,920 6,400 BJ Services Company Equity 055482103 271,736 6,280 Bank America Corporation Equity 060505104 2,631,688 32,498 Barrick Gold Corporation Equity 067901108 731,711 30,770 BEA Systems Inc Equity 073325102 138,648 10,900 Becton Dickinson & Company Equity 075887109 319,968 6,600 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER ADC Telecommunications Inc 0 0 0 0 0 10,600 Aflac Inc 24,080 1,010 0 25,090 0 2,320 AES Corporation 0 0 0 0 0 10,700 Abbott Laboratories 26,333 8,075 0 34,408 0 2,563 Advanced Auto Parts Inc 0 0 0 0 0 7,850 Aetna U S Healthcare Inc 0 0 0 0 0 10,300 Affiliated Computer Services Inc 0 0 0 0 0 13,625 Agilent Technologies Inc 110 0 0 110 0 31,044 Air Products & Chemicals 26,323 1,175 0 27,198 300 950 Albertson's Inc 2,700 850 0 3,550 0 14,330 Alcoa Inc 25,376 2,365 0 27,516 125 12,200 Alliant Techsystems Inc. 0 0 0 0 0 5,230 Allstate Corporation 2,500 1,800 0 4,300 0 7,800 Alltel Corporation 31,508 3,307 0 34,065 0 1,350 Altria Group Inc 1,265 970 0 2,235 0 19,225 America Movil-ADR Series L 0 0 0 0 0 6,800 American Express Company 11,473 100 0 11,573 0 11,475 American International Group Inc 43,956 3,444 0 46,528 275 20,437 Ameritrade Holding Corporation 0 0 0 0 0 19,150 Amgen Inc 14,805 200 0 14,855 0 14,555 Anheuser-Busch Companies Inc 18,967 2,195 0 20,687 0 6,435 AON Corporation 0 0 0 0 0 21,000 Apache Corporation 1,194 924 0 2,118 0 9,502 Applied Materials Inc 0 0 0 0 0 10,200 Automatic Data Processing Inc 19,793 500 0 20,293 0 24,305 BB&T Corporation 6,400 0 0 6,400 0 0 BJ Services Company 0 0 0 0 0 6,280 Bank America Corporation 19,200 1,350 0 20,400 0 12,098 Barrick Gold Corporation 4,770 0 0 4,770 0 26,000 BEA Systems Inc 0 0 0 0 0 10,900 Becton Dickinson & Company 600 0 0 600 0 6,000
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Bellsouth Corporation Equity 079860102 614,967 22,209 Bemis Company Inc Equity 081437105 310,700 11,950 Berkshire Hathaway Inc Class B Equity 084670207 236,437 76 Biomet Inc Equity 090613100 324,142 8,450 Boeing Company Equity 097023105 428,360 10,430 Bristol Myers Squibb Company Equity 110122108 524,846 21,661 Burlington Resources Inc Equity 122014103 494,660 7,774 CBQ Inc Equity 12488S104 930 30,000 CVS Corporation Equity 126650100 582,097 16,490 Calpine Corp Inc Equity 131347106 234,901 50,300 Capital One Financial Equity 14040H105 356,407 4,725 Cardinal Health Inc Equity 14149Y108 2,068,309 30,019 Carnival Corporation Equity 143658300 454,444 10,119 Caterpillar Inc Equity 149123101 777,258 9,830 Centurytel Inc Equity 156700106 217,171 7,900 Chevron Texaco Corporation Equity 166764100 3,509,006 39,975 Chiron Corporation Equity 170040109 360,882 8,200 Chromatochem Inc Series B - Market Price N/A Preferred Stock 171990104 15 15,000 Cinergy Corporation Equity 172474108 243,909 5,965 Cisco Systems Inc Equity 17275R102 4,004,732 169,908 Citigroup Inc Equity 172967101 7,150,730 138,312 Clear Channel Communications Inc Equity 184502102 287,980 6,800 Coca Cola Company Equity 191216100 730,406 14,521 Coca Cola Enterprises Inc Equity 191219104 248,951 10,300 Colgate Palmolive Company Equity 194162103 389,171 7,063 Comcast Corp Class A Equity 20030N101 464,014 16,134 Computer Associates International Inc Equity 204912109 830,404 30,916 Computer Sciences Corp Equity 205363104 382,732 9,490 Conagra Inc Equity 205887102 237,234 8,806 Conocophillips Equity 20825C104 1,148,025 16,445 Consolidated Edison Inc Equity 209115104 242,550 5,500 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Bellsouth Corporation 17,827 2,714 0 20,397 0 1,812 Bemis Company Inc 0 0 0 0 0 11,950 Berkshire Hathaway Inc Class B 3 0 0 3 0 73 Biomet Inc 0 0 0 0 0 8,450 Boeing Company 400 540 0 400 0 10,030 Bristol Myers Squibb Company 10,495 350 0 10,845 0 10,816 Burlington Resources Inc 1,174 0 0 1,174 0 6,600 CBQ Inc 0 0 0 0 0 30,000 CVS Corporation 0 0 0 0 0 16,490 Calpine Corp Inc 0 0 0 0 0 50,300 Capital One Financial 0 0 0 650 0 4,075 Cardinal Health Inc 22,786 870 0 23,656 0 6,363 Carnival Corporation 119 0 0 119 0 10,000 Caterpillar Inc 2,030 0 0 2,030 0 7,800 Centurytel Inc 3,500 0 0 3,500 0 4,400 Chevron Texaco Corporation 25,517 700 0 26,217 0 13,758 Chiron Corporation 150 0 0 150 0 8,050 Chromatochem Inc Series B - Market Price N/A 0 0 0 0 0 15,000 Cinergy Corporation 4,075 0 0 4,075 0 1,890 Cisco Systems Inc 91,757 10,880 0 103,087 400 66,421 Citigroup Inc 70,045 19,975 0 78,402 533 59,377 Clear Channel Communications Inc 0 0 0 0 0 6,800 Coca Cola Company 10,206 350 0 10,556 0 3,965 Coca Cola Enterprises Inc 0 0 0 0 0 10,300 Colgate Palmolive Company 3,600 0 0 3,600 0 3,463 Comcast Corp Class A 1,131 891 0 2,507 0 13,627 Computer Associates International Inc 316 0 0 316 0 30,600 Computer Sciences Corp 0 0 0 1,200 0 8,290 Conagra Inc 5,366 400 0 5,366 0 3,440 Conocophillips 4,551 514 0 5,751 0 10,694 Consolidated Edison Inc 0 800 0 800 0 4,700
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Corning Inc Equity 219350105 124,881 11,170 Costco Wholesale Corporation Equity 22160K105 1,898,553 50,480 Countrywide Financial Corporation Equity 222372104 792,709 8,266 Danaher Corporation Equity 235851102 1,103,633 11,820 Dauphin Technology Inc Equity 238326102 5,200 26,000 Deere & Company Equity 244199105 862,910 12,450 Dell Inc Equity 24702R101 2,029,169 60,356 Delphi Corporation Equity 247126105 211,989 21,284 TransAria Inc. Preferred Stock 2478497 18,750 15,000 Devon Energy Corporation New Equity 25179M103 233,065 4,008 Disney Walt Co Holdings Equity 254687106 233,632 9,349 Dominion Res Inc Equity 25746U109 658,689 10,244 Dow Chemical Company Equity 260543103 394,744 9,800 Du Pont E I De Nemours & Company Equity 263534109 988,455 23,412 Duke Energy Corporation Equity 264399106 1,443,733 63,882 EMC Corporation Equity 268648102 575,880 42,313 EPI Environmental Inc Equity 26899P103 84,000 14,000 Eaton Corporation Equity 278058102 347,704 6,188 Emerson Electric Company Equity 291011104 1,530,656 25,545 Exelon Corporation Equity 30161N101 452,820 6,575 Exxon Mobil Corporation Equity 30231G102 9,057,803 217,788 FBL Financial Group Inc Cl A Equity 30239F106 13,059,138 464,738 FPL Group Inc Equity 302571104 299,087 4,474 Federal Home Loan Mortgage Corporation Equity 313400301 339,004 5,740 Federal National Mortgage Association Equity 313586109 1,943,955 26,146 Fifth Third Bancorp Equity 316773100 788,303 14,237 First Data Corporation Equity 319963104 832,449 19,745 Firstenergy Corporation Equity 337932107 273,560 7,000 Fleetboston Financial Corp Equity 339030108 722,890 16,100 Ford Motor Company Equity 345370860 216,224 15,934 Forest Laboratories Inc Equity 345838106 1,149,143 16,045 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Corning Inc 1,920 350 0 3,270 0 7,900 Costco Wholesale Corporation 26,830 0 0 26,830 0 23,650 Countrywide Financial Corporation 0 0 0 0 0 8,266 Danaher Corporation 10,985 540 0 11,525 0 295 Dauphin Technology Inc 0 0 0 0 0 26,000 Deere & Company 300 0 0 300 0 12,150 Dell Inc 37,791 2,700 0 41,341 0 19,015 Delphi Corporation 0 800 0 0 0 21,284 TransAria Inc. 0 0 0 0 0 15,000 Devon Energy Corporation New 0 0 0 0 0 4,008 Disney Walt Co Holdings 5,040 600 0 5,640 0 3,709 Dominion Res Inc 6,744 0 0 6,744 0 3,500 Dow Chemical Company 0 0 0 0 0 9,800 Du Pont E I De Nemours & Company 18,938 2,950 0 20,688 0 2,724 Duke Energy Corporation 51,902 4,030 0 54,882 150 8,850 EMC Corporation 3,458 0 0 4,608 0 37,705 EPI Environmental Inc 0 0 0 0 0 14,000 Eaton Corporation 88 250 0 88 250 5,850 Emerson Electric Company 16,005 300 0 15,905 0 9,640 Exelon Corporation 400 0 0 1,350 0 5,225 Exxon Mobil Corporation 108,331 20,821 0 132,740 750 84,298 FBL Financial Group Inc Cl A 834 0 0 834 0 463,904 FPL Group Inc 2,194 0 0 2,194 0 2,280 Federal Home Loan Mortgage Corporation 300 0 0 300 0 5,440 Federal National Mortgage Association 15,875 1,400 0 17,075 200 8,871 Fifth Third Bancorp 13,107 430 0 13,537 0 700 First Data Corporation 7,165 1,100 0 8,030 0 11,715 Firstenergy Corporation 100 0 0 100 0 6,900 Fleetboston Financial Corp 5,770 0 0 5,770 0 10,330 Ford Motor Company 8,662 2,702 0 11,364 0 4,570 Forest Laboratories Inc 11,385 260 0 11,645 0 4,400
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Fortune Brands Inc Equity 349631101 267,898 3,496 Fox Entertainment Group Inc Class A Equity 35138T107 367,883 13,575 Franklin Resources Inc Equity 354613101 893,664 16,050 Gap Inc Equity 364760108 283,316 12,925 General Dynamics Corporation Equity 369550108 1,355,583 15,175 General Electric Company Equity 369604103 8,914,129 292,075 General Motors Corporation Equity 370442105 232,580 4,938 Georgia Pacific Corporation Equity 373298108 263,456 7,820 Gillette Company Equity 375766102 1,088,935 27,850 Glacier Bancorp Inc Equity 37637Q105 661,931 20,525 Goldman Sachs Group Inc Equity 38141G104 554,620 5,315 HCA Inc Equity 404119109 418,386 10,300 HRPT Properties Trust SBI Equity 40426W101 127,690 11,300 Harley Davidson Inc Equity 412822108 412,318 7,730 Hartford Financial Services Group Inc Equity 416515104 470,233 7,382 Heinz H J Company Equity 423074103 211,434 5,670 Hewlett Packard Company Equity 428236103 2,535,720 111,021 Hilton Hotels Corp Equity 432848109 169,813 10,450 Home Depot Inc Equity 437076102 3,484,866 93,278 Honeywell International Inc Equity 438516106 2,497,250 73,774 Hypercom Corporation Equity 44913M105 79,400 10,000 Illinois Tool Works Inc Equity 452308109 2,525,615 31,877 Imation Corporation Equity 45245A107 744,914 19,801 Inco Limited Equity 453258402 325,522 9,400 Intel Corporation Equity 458140100 3,509,235 129,016 International Business Machines Corporation Equity 459200101 4,294,898 46,765 International Paper Company Equity 460146103 382,073 9,041 Interstate Power & Light 8.375% PFD Preferred Stock 461070872 327,500 10,000 J. P. Morgan Chase & Company Equity 46625H100 2,152,203 51,304 Johnson & Johnson Equity 478160104 4,516,160 89,041 Johnson Controls Inc Equity 478366107 1,325,315 22,406 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Fortune Brands Inc 1,616 0 0 1,616 0 1,880 Fox Entertainment Group Inc Class A 0 0 0 0 0 13,575 Franklin Resources Inc 0 0 0 0 0 16,050 Gap Inc 675 0 0 675 0 12,250 General Dynamics Corporation 13,155 380 0 13,385 0 1,790 General Electric Company 136,218 23,733 0 151,528 2,923 137,624 General Motors Corporation 2,500 600 0 3,950 0 988 Georgia Pacific Corporation 0 670 0 670 0 7,150 Gillette Company 12,050 1,000 0 13,050 0 14,800 Glacier Bancorp Inc 436 0 0 436 0 20,089 Goldman Sachs Group Inc 500 0 0 500 0 4,815 HCA Inc 0 0 0 0 0 10,300 HRPT Properties Trust SBI 10,000 0 0 10,000 0 1,300 Harley Davidson Inc 50 0 0 50 0 7,680 Hartford Financial Services Group Inc 182 0 0 182 0 7,200 Heinz H J Company 100 0 0 100 0 5,570 Hewlett Packard Company 64,514 6,910 0 72,024 1,250 37,747 Hilton Hotels Corp 0 0 0 0 0 10,450 Home Depot Inc 53,128 4,700 0 57,340 450 35,488 Honeywell International Inc 15,292 4,902 0 16,994 0 56,780 Hypercom Corporation 0 0 0 0 0 10,000 Illinois Tool Works Inc 19,712 1,695 0 21,207 200 10,470 Imation Corporation 0 0 0 0 0 19,801 Inco Limited 0 0 0 0 0 9,400 Intel Corporation 70,263 7,630 0 77,468 525 51,023 International Business Machines Corporation 22,890 2,415 0 24,605 300 21,860 International Paper Company 1,711 0 0 1,711 0 7,330 Interstate Power & Light 8.375% PFD 0 0 0 0 0 10,000 J. P. Morgan Chase & Company 13,953 1,600 0 16,253 0 35,051 Johnson & Johnson 47,436 7,375 0 52,121 400 36,520 Johnson Controls Inc 19,866 600 0 20,766 0 1,640
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Jore Corporation Equity 480815109 25 191,583 Escrow Kmart Equity 482MMI7C3 1 25,000 Kellogg Company Equity 487836108 223,668 5,700 Kerr-McGee Corporation Equity 492386107 494,503 9,602 Keyspan Corporation Equity 49337W100 209,255 5,475 Kimberly Clark Corporation Equity 494368103 1,249,696 19,805 Kohls Corporation Equity 500255104 1,713,782 35,460 L-3 Communications Holdings Corporation Equity 502424104 279,556 4,700 Lauder Estee Companies Inc Class A Equity 518439104 381,324 8,600 Lee Enterprises Inc Equity 523768109 213,882 4,734 Lehman Brothers Holdings Inc Equity 524908100 485,701 5,861 Level 3 Communications Inc Equity 52729N100 155,200 38,800 Liberty Media Corp Ser A Equity 530718105 514,650 47,000 Light Management Group Inc Equity 53222E209 15,000 100,000 Lilly Eli & Company Equity 532457108 2,006,197 29,988 Lincoln National Corporation Equity 534187109 250,796 5,300 Lockheed Martin Corporation Equity 539830109 469,179 10,280 Loews Corporation Equity 540424108 393,930 6,670 Lowes Cos Inc Equity 548661107 1,792,736 31,939 Lucent Technologies Inc Equity 549463107 76,475 18,607 MBIA Inc Equity 55262C100 2,382,036 37,991 MBNA Corporation Equity 55262L100 1,170,683 42,370 MDU Resources Group Inc Equity 552690109 1,781,317 75,833 MGIC Investment Corporation Equity 552848103 489,240 7,617 MAIR Holdings Inc. Equity 560635104 92,800 10,000 Marathon Oil Corporation Equity 565849106 339,057 10,070 Marsh & McLennan Companies Inc Equity 571748102 204,183 4,410 Mattel Inc Equity 577081102 192,219 10,424 Maxim Integrated Products Inc Equity 57772K101 414,510 8,825 McDonalds Corporation Equity 580135101 679,937 23,799 McGraw Hill Companies Inc Equity 580645109 2,554,345 33,548 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Jore Corporation 190,783 0 0 190,783 0 800 Escrow Kmart 0 0 0 0 0 25,000 Kellogg Company 0 0 0 0 0 5,700 Kerr-McGee Corporation 152 0 0 152 0 9,450 Keyspan Corporation 0 0 0 0 0 5,475 Kimberly Clark Corporation 8,145 1,730 0 9,875 0 9,930 Kohls Corporation 20,190 500 0 20,540 0 14,920 L-3 Communications Holdings Corporation 140 0 0 140 0 4,560 Lauder Estee Companies Inc Class A 0 0 0 0 0 8,600 Lee Enterprises Inc 4,734 0 0 4,734 0 0 Lehman Brothers Holdings Inc 86 0 0 436 0 5,425 Level 3 Communications Inc 600 25,200 0 22,600 0 16,200 Liberty Media Corp Ser A 400 0 0 400 0 46,600 Light Management Group Inc 0 0 0 0 0 100,000 Lilly Eli & Company 20,238 1,375 0 21,163 275 8,550 Lincoln National Corporation 5,300 0 0 5,300 0 0 Lockheed Martin Corporation 0 0 0 0 0 10,280 Loews Corporation 0 0 0 0 0 6,670 Lowes Cos Inc 26,709 2,640 0 28,224 875 2,840 Lucent Technologies Inc 2,115 3,002 0 6,305 0 12,302 MBIA Inc 34,966 2,475 0 36,866 575 550 MBNA Corporation 0 0 0 0 0 42,370 MDU Resources Group Inc 38,634 31,217 0 41,926 0 33,907 MGIC Investment Corporation 187 0 0 187 0 7,430 MAIR Holdings Inc. 0 0 0 0 0 10,000 Marathon Oil Corporation 6,970 400 0 9,670 0 400 Marsh & McLennan Companies Inc 125 0 0 125 0 4,285 Mattel Inc 1,424 0 0 1,424 0 9,000 Maxim Integrated Products Inc 3,000 0 0 3,000 0 5,825 McDonalds Corporation 5,905 3,604 0 7,705 0 16,094 McGraw Hill Companies Inc 30,398 1,550 0 31,798 0 1,750
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Medtronic Inc Equity 585055106 3,214,435 67,318 Merck & Company Inc Equity 589331107 1,415,494 32,032 Merrill Lynch & Company Inc Equity 590188108 290,057 4,870 Microsoft Corporation Equity 594918104 5,170,906 207,417 Morgan Stanley Dean Witter & Company Equity 617446448 336,924 5,880 Motorola Inc Equity 620076109 1,029,565 58,498 Newfield Exploration Co Equity 651290108 230,064 4,800 Nextel Communications Inc Class A Equity 65332V103 250,299 10,150 Northern Trust Corporation Equity 665859104 1,370,352 29,413 Northgate Exploration LTD Equity 666416102 27,170 11,000 Northrop Grumman Corporation Equity 666807102 550,168 5,590 Novellus Systems Inc Equity 670008101 239,900 7,575 Occidental Petroleum Corporation Equity 674599105 598,650 13,000 Oracle Corporation Equity 68389X105 1,248,624 104,052 PPG Industries Inc Equity 693506107 638,677 10,955 Paccar Inc Equity 693718108 1,560,376 27,839 Patterson-UGI Energy Inc Equity 703481101 272,657 7,700 Peabody Energy Corporation Equity 704549104 276,735 5,950 Penney J C Inc Equity 708160106 386,058 11,100 Pepsico Inc Equity 713448108 3,303,590 61,348 Petsmart Inc Equity 716768106 361,118 13,350 Pfizer Inc Equity 717081103 5,303,906 151,324 Phelps Dodge Corporation Equity 717265102 362,815 4,443 Pitney Bowes Inc Equity 724479100 488,737 11,470 Praxair Inc Equity 74005P104 200,448 5,400 Proctor & Gamble Company Equity 742718109 3,130,458 29,848 Prudential Financial Inc Equity 744320102 546,943 12,214 Qualcomm Inc Equity 747525103 402,049 6,065 Radian Group Inc Equity 750236101 434,520 10,200 Raytheon Company Equity 755111507 676,192 21,576 ADR Rio Tinto PLC Equity 767204100 261,508 2,600 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Medtronic Inc 43,568 4,245 0 46,903 735 19,680 Merck & Company Inc 7,883 2,765 0 10,648 0 21,384 Merrill Lynch & Company Inc 120 0 0 770 0 4,100 Microsoft Corporation 92,367 6,440 0 97,407 1,150 108,860 Morgan Stanley Dean Witter & Company 2,900 400 0 3,300 0 2,580 Motorola Inc 20,848 2,700 0 23,548 0 34,950 Newfield Exploration Co 0 0 0 0 0 4,800 Nextel Communications Inc Class A 0 0 0 800 0 9,350 Northern Trust Corporation 27,333 980 0 28,138 0 1,275 Northgate Exploration LTD 0 0 0 0 0 11,000 Northrop Grumman Corporation 0 0 0 0 0 5,590 Novellus Systems Inc 0 0 0 0 0 7,575 Occidental Petroleum Corporation 0 0 0 0 0 13,000 Oracle Corporation 73,522 6,095 0 79,017 600 24,435 PPG Industries Inc 9,520 875 0 10,395 0 560 Paccar Inc 67 0 0 67 0 27,772 Patterson-UGI Energy Inc 0 0 0 0 0 7,700 Peabody Energy Corporation 0 0 0 0 0 5,950 Penney J C Inc 600 10,100 0 10,700 0 400 Pepsico Inc 42,188 4,275 0 44,788 575 15,985 Petsmart Inc 0 0 0 0 0 13,350 Pfizer Inc 86,753 7,090 0 92,193 700 58,431 Phelps Dodge Corporation 18 0 0 218 0 4,225 Pitney Bowes Inc 0 0 0 1,200 0 10,270 Praxair Inc 0 0 0 0 0 5,400 Proctor & Gamble Company 18,563 860 0 19,223 200 10,425 Prudential Financial Inc 1,456 0 0 3,506 0 8,708 Qualcomm Inc 3,175 0 0 3,175 0 2,890 Radian Group Inc 0 0 0 0 0 10,200 Raytheon Company 496 0 0 1,496 0 20,080 ADR Rio Tinto PLC 0 0 0 0 0 2,600
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NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Rockwell Automation Inc. Equity 773903109 379,637 10,950 Royal Dutch Petro Ny Reg Sh Par N 1.25 Gldr Equity 780257804 592,704 12,457 SBC Communications Inc Equity 78387G103 1,493,676 60,867 SG Preferred Capital II Preferred Stock 784210304 500,000 500 Safeway Inc Equity 786514208 354,696 17,235 St Paul Companies Inc Equity 792860108 535,934 13,395 San Diego Gas & Electric Preferred Stock 797440831 290,700 10,200 SAP Aktiengesellschaft Sponsored ADR Equity 803054204 499,237 12,700 Sara Lee Corporation Equity 803111103 239,498 10,956 Schlumberger Limited Equity 806857108 545,918 8,550 Sherwin-Williams Company Equity 824348106 482,297 12,550 Shurgard Storage Centers Inc Equity 82567D104 303,240 7,600 Sigma-Aldrich Corporation Equity 826552101 271,362 4,900 Southern Company Equity 842587107 362,035 11,870 Southtrust Corporation Equity 844730101 484,282 14,600 Southwest Airlines Company Equity 844741108 150,697 10,605 Sprint FON Group Equity 852061100 301,515 16,360 Staples Inc Equity 855030102 1,153,326 45,550 State Street Corporation Equity 857477103 540,327 10,365 Sterling Financial Corporation Equity 859319105 487,893 13,276 Stryker Corporation Equity 863667101 1,032,260 11,660 Sungard Data Systems Inc Equity 867363103 287,289 10,485 Suntrust Banks Inc Equity 867914103 338,094 4,850 Sysco Corporation Equity 871829107 1,400,333 35,860 Taiwan Semiconductor ADR Equity 874039100 386,562 37,027 Target Corporation Equity 87612E106 1,528,432 33,935 Teraforce Technology Corporation Equity 88077T109 8,050 35,000 Texas Instruments Inc Equity 882508104 438,300 15,000 3M Company Equity 88579Y101 2,226,537 27,196 Time Warner Inc Equity 887317105 505,631 29,990 Total SA Sponsored ADR Equity 89151E109 754,400 8,200 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Rockwell Automation Inc. 4,000 0 0 4,000 0 6,950 Royal Dutch Petro Ny Reg Sh Par N 1.25 Gldr 9,357 0 0 9,357 0 3,100 SBC Communications Inc 41,083 5,200 0 46,183 0 14,684 SG Preferred Capital II 0 0 0 0 0 500 Safeway Inc 15 250 0 265 0 16,970 St Paul Companies Inc 13,185 0 0 13,185 0 210 San Diego Gas & Electric 0 0 0 0 0 10,200 SAP Aktiengesellschaft Sponsored ADR 0 0 0 0 0 12,700 Sara Lee Corporation 476 0 0 476 0 10,480 Schlumberger Limited 5,630 1,070 0 6,700 0 1,850 Sherwin-Williams Company 2,500 800 0 3,300 0 9,250 Shurgard Storage Centers Inc 7,600 0 0 7,600 0 0 Sigma-Aldrich Corporation 0 0 0 0 0 4,900 Southern Company 7,770 500 0 7,770 0 4,100 Southtrust Corporation 7,200 0 0 10,150 0 4,450 Southwest Airlines Company 275 0 0 275 0 10,330 Sprint FON Group 250 0 0 5,850 0 10,510 Staples Inc 33,688 1,075 0 35,463 0 10,087 State Street Corporation 1,970 1,100 0 3,070 0 7,295 Sterling Financial Corporation 0 0 0 0 0 13,276 Stryker Corporation 10,105 450 0 10,555 0 1,105 Sungard Data Systems Inc 0 0 0 0 0 10,485 Suntrust Banks Inc 3,150 0 0 3,150 0 1,700 Sysco Corporation 20,465 500 0 20,965 0 14,895 Taiwan Semiconductor ADR 205 0 0 205 0 36,822 Target Corporation 30,290 1,060 0 31,100 250 2,585 Teraforce Technology Corporation 0 0 0 0 0 35,000 Texas Instruments Inc 1,105 0 0 1,105 0 13,895 3M Company 9,666 2,300 0 9,746 220 17,230 Time Warner Inc 920 0 0 3,420 0 26,570 Total SA Sponsored ADR 0 0 0 0 0 8,200
FIBCM Page 7 of 8 13 F REPORT OF MANAGED ASSETS Date Run : 04/09/2004 Processing Date : 04/09/2004 Time Printed: 7:29:19 AM As Of Date : 03/31/2004
NAME OF ISSUER TYPE CUSIP MARKET VALUE SHARES/PV Touch America Holdings Inc Equity 891539108 310 28,204 Travelers Property Casualty Corporation Cl A Equity 89420G109 332,727 19,401 Tribune Company Equity 896047107 376,030 7,455 Tripos Inc Equity 896928108 65,993 12,475 Tyco International Limited Equity 902124106 327,212 11,421 Tyson Foods Inc Class A Equity 902494103 301,435 16,700 U S Bancorp Del Equity 902973304 283,413 10,250 Ultra Pete Corporation Equity 903914109 696,232 23,200 Union Pacific Corporation Equity 907818108 509,427 8,516 United Parcel Service Inc Class B Equity 911312106 701,194 10,040 United Technologies Corporation Equity 913017109 2,754,265 31,915 Verizon Communications Equity 92343V104 1,406,571 38,494 Viacom Incorporated Class B Equity 925524308 587,954 14,995 Viad Corporation Equity 92552R109 271,792 11,245 Wachovia Corp 2nd Equity 929903102 412,895 8,785 Wal-Mart Stores Inc Equity 931142103 4,272,192 71,573 Walgreen Company Equity 931422109 1,446,670 43,905 Washington Mutual Inc Equity 939322103 495,436 11,600 Wells Fargo & Company Equity 949746101 3,867,557 68,247 Williams Sonoma Inc Equity 969904101 335,160 9,800 Winter Sports Inc Equity 976072108 333,586 21,803 Wyeth Equity 983024100 1,188,307 31,646 Xin Net Corporation Equity 98413G109 2,890 17,000 Sugarland Enterprises Inc Equity 998000483 1,548,078 26,691 Bayerische Motoren Werke AG Equity D12096109 280,262 6,786 Ingersoll-Rand Company Class A Equity G4776G101 446,490 6,600 Transocean Inc Equity G90078109 496,303 17,795 INVESTMENT DIRECTION VOTING AUTHORITY NAME OF ISSUER SOLE SHARED OTHER SOLE SHARED OTHER Touch America Holdings Inc 4,584 0 0 4,584 0 23,620 Travelers Property Casualty Corporation Cl A 28 671 0 51 0 19,350 Tribune Company 1,100 0 0 1,100 0 6,355 Tripos Inc 0 0 0 0 0 12,475 Tyco International Limited 621 300 0 921 0 10,500 Tyson Foods Inc Class A 0 0 0 0 0 16,700 U S Bancorp Del 2,889 0 0 6,339 0 3,911 Ultra Pete Corporation 0 0 0 16,000 0 7,200 Union Pacific Corporation 1,016 600 0 1,316 300 6,900 United Parcel Service Inc Class B 35 0 0 35 0 10,005 United Technologies Corporation 21,785 1,745 0 23,830 150 7,935 Verizon Communications 11,061 2,798 0 13,705 0 24,789 Viacom Incorporated Class B 0 0 0 0 0 14,995 Viad Corporation 0 0 0 0 0 11,245 Wachovia Corp 2nd 7,085 0 0 8,035 0 750 Wal-Mart Stores Inc 46,533 4,850 0 50,308 675 20,590 Walgreen Company 38,950 1,650 0 39,600 500 3,805 Washington Mutual Inc 9,600 600 0 10,800 0 800 Wells Fargo & Company 41,836 5,215 0 46,301 750 21,196 Williams Sonoma Inc 0 0 0 0 0 9,800 Winter Sports Inc 20,834 0 0 0 0 21,803 Wyeth 8,020 300 0 8,320 0 23,326 Xin Net Corporation 0 0 0 0 0 17,000 Sugarland Enterprises Inc 2,135 24,556 0 276 0 26,415 Bayerische Motoren Werke AG 0 0 0 0 0 6,786 Ingersoll-Rand Company Class A 0 0 0 0 0 6,600 Transocean Inc 0 0 0 0 0 17,795
244,137,554 * * * END OF ASSET REPORT * * * 244 ASSETS REPORTED OF 23904 ASSETS ON FILE FIBCM Page 8 of 8