13F-HR 1 dec0113f.txt 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, 2001" 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: Flippin, Bruce & Porter, Inc." Address: 800 Main Street 2nd Floor "Lynchburg, VA 24504" 13F File Number: 28-1905 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: R. Gregory Porter, III" Title: Principal Phone: (804) 845-4900 "Signature, Place, and Date of Signing:" "R. Gregory Porter, III Lynchburg, Virginia February 6, 2001" Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 144 Form 13F Information Table Value Total: 2406091 List of Other Included Managers: No. 13F File Number Name 01 TRUST COMPANY OF KNOXVILLE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ABBOTT LABS COM 002824100 1189 21335 SH Sole 15535 5800 AGILENT TECHNOLOGIES COM 00846U101 33969 1191461 SH Sole 1060261 131200 71 2500 SH Defined 01 2500 AMERICAN EXPRESS COM 025816109 32968 923735 SH Sole 833435 90300 86 2400 SH Defined 01 2400 AMERICAN GREETINGS CLASS A COM 026375105 3344 242700 SH Sole 224700 18000 AMERICAN HOME PRODS COM 026609107 591 9625 SH Sole 9625 AMERICAN INTL GROUP COM 026874107 1808 22776 SH Sole 22176 600 AMGEN INC COM 031162100 3110 55100 SH Sole 52000 3100 APPLEBEES INTL INC COM 037899101 28365 829379 SH Sole 775904 53475 68 2000 SH Defined 01 2000 ARCHER DANIELS MIDLAND COM 039483102 40706 2836634 SH Sole 2462324 374310 100 7000 SH Defined 01 7000 BANK OF AMERICA COM 060505104 83662 1329023 SH Sole 1177716 151307 189 3000 SH Defined 01 3000 BANK OF GRANITE COM 062401104 260 13126 SH Sole 13126 BANK ONE CORP COM 06423A103 53853 1379067 SH Sole 1230161 148906 176 4500 SH Defined 01 4500 BB&T CORP COM 054937107 2100 58166 SH Sole 58166 BELLSOUTH CORP COM 079860102 445 11661 SH Sole 9809 1852 BERKSHIRE HATHAWAY INC CL B COM 084670207 212 84 SH Sole 63 21 BOSTON SCIENTIFIC CORP COM 101137107 207 8600 SH Sole 8600 BP PLC SPONSORED ADR COM 055622104 457 9828 SH Sole 9828 BRISTOL-MYERS SQUIBB COM 110122108 41722 818071 SH Sole 742621 75450 127 2500 SH Defined 01 2500 CBRL GROUP COM 12489V106 22613 768104 SH Sole 681798 86306 77 2600 SH Defined 01 2600 CENDANT CORP COM 151313103 90701 4625225 SH Sole 4129675 495550 255 13000 SH Defined 01 13000 CHEVRONTEXACO CORP COM 166764100 203 2262 SH Sole 2262 CHUBB CORP COM 171232101 1251 18130 SH Sole 15130 3000 CIRCUIT CITY GROUP COM 172737108 55261 2129530 SH Sole 1882330 247200 156 6000 SH Defined 01 6000 CITIGROUP INC COM 172967101 60291 1194348 SH Sole 1061050 133298 135 2667 SH Defined 01 2667 COCA COLA CO COM 191216100 985 20900 SH Sole 19500 1400 COMPAQ COMPUTER COM 204493100 19366 1984227 SH Sole 1795061 189166 47 4800 SH Defined 01 4800 CORNING INC COM 219350105 16002 1793937 SH Sole 1545537 248400 58 6500 SH Defined 01 6500 DILLARDS INC CL A COM 254067101 63962 3997630 SH Sole 3554230 443400 200 12500 SH Defined 01 12500 DONNELLEY R R & SONS COM 257867101 31853 1072838 SH Sole 925838 147000 104 3500 SH Defined 01 3500 DOW CHEMICAL COMPANY COM 260543103 39510 1169615 SH Sole 1034315 135300 128 3800 SH Defined 01 3800 DU PONT E I DE NEMOURS COM 263534109 578 13600 SH Sole 13200 400 EASTMAN KODAK CO COM 277461109 18084 614460 SH Sole 539760 74700 71 2400 SH Defined 01 2400 ELAN PLC ADR COM 284131208 301 6680 SH Sole 6680 ELECTRONIC DATA SYS COM 285661104 67968 991508 SH Sole 881708 109800 206 3000 SH Defined 01 3000 EMERSON ELEC CO COM 291011104 266 4650 SH Sole 4650 ENGELHARD CORP COM 292845104 54170 1957014 SH Sole 1701364 255650 147 5300 SH Defined 01 5300 EXXON MOBIL CORP COM 30231G102 4609 117287 SH Sole 109047 8240 FANNIE MAE COM 313586109 698 8784 SH Sole 8784 FEDEX CORP COM 31428X106 59605 1148893 SH Sole 1006293 142600 145 2800 SH Defined 01 2800 FIRST DATA CORP COM 319963104 1812 23100 SH Sole 19700 3400 FREDDIE MAC COM 313400301 35754 546694 SH Sole 493244 53450 105 1600 SH Defined 01 1600 GENERAL ELEC CO COM 369604103 33106 825992 SH Sole 738289 87703 80 2000 SH Defined 01 2000 GREAT LAKES CHEM COM 390568103 26750 1101715 SH Sole 963715 138000 61 2500 SH Defined 01 2500 HARRIS CORP DEL COM 413875105 38246 1253572 SH Sole 1117822 135750 116 3800 SH Defined 01 3800 HARTFORD FINANCIAL COM 416515104 324 5149 SH Sole 5149 HEWLETT PACKARD COM 428236103 31023 1510346 SH Sole 1328996 181350 115 5600 SH Defined 01 5600 IKON OFFICE SOLUTIONS COM 451713101 292 25000 SH Sole 25000 INTEL CORP COM 458140100 692 22000 SH Sole 19200 2800 INTL BUSINESS MACHINES COM 459200101 114927 950123 SH Sole 848903 101220 314 2600 SH Defined 01 2600 ISHARES TR RUSSELL1000VAL COM 464287598 254 4580 SH Sole 4580 J P MORGAN CHASE & CO COM 46625H100 57082 1570345 SH Sole 1382745 187600 182 5000 SH Defined 01 5000 JOHNSON & JOHNSON COM 478160104 56752 960278 SH Sole 844378 115900 177 3000 SH Defined 01 3000 K MART CORP COM 482584109 563 103100 SH Sole 103100 KERR MCGEE CORP COM 492386107 45694 833824 SH Sole 739831 93993 132 2400 SH Defined 01 2400 MARSH & MCLENNAN COM 571748102 705 6560 SH Sole 6260 300 MAY DEPT STORES COM 577778103 61848 1672469 SH Sole 1476269 196200 200 5400 SH Defined 01 5400 MCDONALDS CORP COM 580135101 458 17300 SH Sole 17300 MERCK & CO INC COM 589331107 39667 674603 SH Sole 597953 76650 118 2000 SH Defined 01 2000 MICROSOFT CORP COM 594918104 57486 867712 SH Sole 772112 95600 205 3100 SH Defined 01 3100 MILLIPORE CORP COM 601073109 425 7000 SH Sole 7000 MINNESOTA MNG & MFG COM 604059105 319 2700 SH Sole 2700 NORFOLK SOUTHERN COM 655844108 389 21200 SH Sole 9700 11500 NOVELL INC COM 670006105 15997 3485225 SH Sole 3150425 334800 47 10200 SH Defined 01 10200 PEP BOYS MANNY MOE&JCK COM 713278109 979 57100 SH Sole 57100 PFIZER INC COM 717081103 2095 52575 SH Sole 47975 4600 PHILIP MORRIS COM 718154107 42694 931164 SH Sole 891914 39250 92 2000 SH Defined 01 2000 PROCTER & GAMBLE COM 742718109 760 9600 SH Sole 9600 PROVIDIAN FINANCIAL CORP COM 74406A102 43 12000 SH Sole 12000 ROYAL DUTCH PETE COM 780257804 406 8275 SH Sole 8275 SBC COMMUNICATIONS COM 78387G103 455 11621 SH Sole 10305 1316 SCHLUMBERGER LTD COM 806857108 29670 539947 SH Sole 480097 59850 66 1200 SH Defined 01 1200 SERVICE CORP INTL COM 817565104 5181 1038300 SH Sole 953700 84600 ST PAUL COS INC COM 792860108 38609 878080 SH Sole 760380 117700 136 3100 SH Defined 01 3100 SUNTRUST BKS INC COM 867914103 1235 19699 SH Sole 19699 SUPERVALU INC COM 868536103 46463 2100487 SH Sole 1852037 248450 144 6500 SH Defined 01 6500 TEVA PHARMACEUTCL INDS ADR COM 881624209 302 4900 SH Sole 4900 TEXTRON INC COM 883203101 622 15000 SH Sole 15000 TOYS R US INC COM 892335100 5562 268200 SH Sole 243300 24900 TRINITY INDS INC COM 896522109 37587 1383384 SH Sole 1232684 150700 136 5000 SH Defined 01 5000 TYCO INTL LTD COM 902124106 60922 1034334 SH Sole 910314 124020 166 2815 SH Defined 01 2815 UNION PAC CORP COM 907818108 43099 756119 SH Sole 662469 93650 131 2300 SH Defined 01 2300 UNITED DOMINION REALTY T COM 910197102 27215 1889928 SH Sole 1652228 237700 66 4600 SH Defined 01 4600 UNUMPROVIDENT CORP COM 91529Y106 52986 1998727 SH Sole 1745327 253400 159 6000 SH Defined 01 6000 USA ED INC COM 90390U102 47841 569395 SH Sole 503745 65650 160 1900 SH Defined 01 1900 UST INC COM 902911106 1911 54600 SH Sole 42400 12200 USX-MARATHON GROUP COM 902905827 59000 1966683 SH Sole 1735533 231150 210 7000 SH Defined 01 7000 VERIZON COMMUNICATIONS COM 92343V104 54630 1151072 SH Sole 1023668 127404 152 3200 SH Defined 01 3200 WACHOVIA CORP COM 929903102 57514 1833991 SH Sole 1617391 216600 201 6400 SH Defined 01 6400 WAL MART STORES COM 931142103 50931 884985 SH Sole 780585 104400 144 2500 SH Defined 01 2500 WASTE MGMT INC COM 94106L109 48626 1523833 SH Sole 1303733 220100 128 4000 SH Defined 01 4000 WHIRLPOOL CORP COM 963320106 55299 754113 SH Sole 683413 70700 154 2100 SH Defined 01 2100 WORLDCOM GROUP COM 98157D106 68426 4859805 SH Sole 4291950 567855 218 15500 SH Defined 01 15500 VANGUARD INDEX TR MIDCAP STK I 922908843 154 13000.711 SH Sole 13000.711 WEITZ SER FD INC VALUE PTFL 949045108 203 5930.285 SH Sole 5930.285 COLUMN TOTALS "2,406,091" "76,735,510" "67,869,286" 0 "8,866,224"