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, 2003

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:             NCF Investment Department of New Covenant Trust Company, N.A.
Address:          200 East 12th Street
                  Jeffersonville, IN  47130


Form 13F File Number: 028-10338


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:            Dennis J. Murphy
Title:           Executive Vice President and Chief Investment Officer
Phone:           (502) 569-5955


Signature, Place, and Date of Signing:

 /s/ Dennis J. Murphy                   Jeffersonville, IN             8/12/03
- -----------------------------           ------------------             -------
[Signature]                                 [City, State]              [Date]

Report Type (Check only one):

[ ] 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).)

[X] 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:

28-06450        Seneca Capital Management LLC
28-00096        Capital Guardian Trust Co.
28-03697        Sound Shore Management, Inc.
28-04557        Wellington Management Co.
28-00776        Wachovia Corporation

Please see Forms 13F filed by each of these  Institutional  Investment  Managers
for their  holdings as  sub-investment  advisers to the New  Covenant  Funds,  a
registered  investment  company  for  which  the  Reporting  Manager  serves  as
investment adviser.





Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:              0
                                          ---------------

Form 13F Information Table Entry Total:         2
                                          ---------------

Form 13F Information Table Value Total:      $ 836
                                          ---------------
                                            (thousands)


List of Other Included Managers:  NONE






                           FORM 13F INFORMATION TABLE
                                                                                
Name of issuer          Title of    CUSIP      Value      Shrs or    SH/PRN  Put/   Investment  Other       Voting authority
                         class                (x$1000)    prn amt            Call   discretion  managers
                                                                                                            Sole    Shared  None

First Tenn              Common    337162101       416       9,482      SH              SOLE       N/A        9,482    0      0
  National Corp.        Stock


Microsoft               Common    594918104       420      16,400      SH              SOLE       N/A       16,400    0      0
                        Stock