13F-HR 1 dec0213f.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, 2002 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 7, 2003 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: 133 Form 13F Information Table Value Total: 2095730 List of Other Included Managers: No. 13F File NumName 01 TRUST COMPANY OF KNOXVILLE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLA CUSIP (X$1000) PRN AMT PRNCALL DISCRETION MANAGERS SOLE SHARED NONE 3M CO COM 88579y101 271 2200SH Sole 2200 ABBOTT LABS COM 002824100 756 18900SH Sole 13100 5800 AGILENT TECHNOLOGIES COM 00846U101 26088 1452548SH Sole 1317648 134900 45 2500SH Defined 1 2500 AMERICAN EXPRESS COM 025816109 40971 1159010SH Sole 1066810 92200 85 2400SH Defined 1 2400 AMERICAN INTL GROUP COM 026874107 1405 24295SH Sole 23995 300 AMGEN INC COM 031162100 2537 52475SH Sole 50475 2000 APPLEBEES INTL INC COM 037899101 23838 1027899SH Sole 977839 50060 52 2250SH Defined 1 2250 ARCHER DANIELS MIDLAND COM 039483102 37117 2993296SH Sole 2640971 352325 81 6500SH Defined 1 6500 BANK OF AMERICA COM 060505104 95404 1371333SH Sole 1233533 137800 209 3000SH Defined 1 3000 BANK ONE CORP COM 06423A103 47366 1295932SH Sole 1156770 139162 146 4000SH Defined 1 4000 BB&T CORP COM 054937107 1217 32912SH Sole 32912 BELLSOUTH CORP COM 079860102 273 10538SH Sole 8686 1852 BEST BUY INC COM 086516101 33636 1392803SH Sole 1275403 117400 68 2800SH Defined 1 2800 BP PLC SPONSORED ADR COM 055622104 392 9636SH Sole 9636 BRISTOL-MYERS SQUIBB COM 110122108 34870 1506278SH Sole 1370928 135350 76 3300SH Defined 1 3300 CARMAX INC COM 143130102 191 10672SH Sole 10672 CENDANT CORP COM 151313103 56537 5394761SH Sole 4899111 495650 133 12700SH Defined 1 12700 CHUBB CORP COM 171232101 877 16800SH Sole 13800 3000 CIRCUIT CITY GROUP COM 172737108 22281 3002845SH Sole 2776145 226700 47 6400SH Defined 1 6400 CITIGROUP INC COM 172967101 60892 1730368SH Sole 1558434 171934 148 4201SH Defined 1 4201 COCA COLA CO COM 191216100 871 19878SH Sole 18478 1400 CORNING INC COM 219350105 374 113000SH Sole 113000 DANA CORP COM 235811106 22627 1924100SH Sole 1774000 150100 58 4900SH Defined 1 4900 DILLARDS INC CL A COM 254067101 57886 3649793SH Sole 3292243 357550 151 9500SH Defined 1 9500 DONNELLEY R R & SONS COM 257867101 1436 65950SH Sole 58950 7000 DOW CHEMICAL COMPANY COM 260543103 40886 1376643SH Sole 1233343 143300 113 3800SH Defined 1 3800 DU PONT E I DE NEMOURS COM 263534109 388 9140SH Sole 9140 EASTMAN KODAK CO COM 277461109 11728 334695SH Sole 292795 41900 42 1200SH Defined 1 1200 ELECTRONIC DATA SYS COM 285661104 6939 376481SH Sole 339081 37400 18 1000SH Defined 1 1000 ENGELHARD CORP COM 292845104 36086 1614593SH Sole 1445793 168800 89 4000SH Defined 1 4000 EXXON MOBIL CORP COM 30231G102 3499 100140SH Sole 92500 7640 FANNIE MAE COM 313586109 232 3600SH Sole 3600 FEDEX CORP COM 31428X106 49010 903908SH Sole 813308 90600 130 2400SH Defined 1 2400 FIRST DATA CORP COM 319963104 1055 29800SH Sole 25000 4800 FREDDIE MAC COM 313400301 48278 817580SH Sole 741130 76450 124 2100SH Defined 1 2100 GENERAL ELEC CO COM 369604103 32569 1337542SH Sole 1227239 110303 66 2700SH Defined 1 2700 GREAT LAKES CHEM COM 390568103 29133 1219970SH Sole 1087070 132900 60 2500SH Defined 1 2500 HARRIS CORP DEL COM 413875105 25461 968099SH Sole 856149 111950 68 2600SH Defined 1 2600 HARTFORD FINANCIAL COM 416515104 206 4534SH Sole 4534 HEWLETT-PACKARD CO COM 428236103 59197 3409987SH Sole 3104049 305938 150 8636SH Defined 1 8636 INTEL CORP COM 458140100 305 19566SH Sole 18366 1200 INTL BUSINESS MACHINES COM 459200101 90928 1173268SH Sole 1066168 107100 201 2600SH Defined 1 2600 ISHARES TR RUSSELL1000VAL COM 464287598 2868 62535SH Sole 62535 J P MORGAN CHASE & CO COM 46625H100 53496 2229019SH Sole 2034669 194350 120 5000SH Defined 1 5000 JOHNSON & JOHNSON COM 478160104 44410 826854SH Sole 732254 94600 107 2000SH Defined 1 2000 KERR MCGEE CORP COM 492386107 42434 957873SH Sole 866275 91598 106 2400SH Defined 1 2400 KROGER CO COM 501044101 25868 1674336SH Sole 1526136 148200 48 3100SH Defined 1 3100 MARATHON OIL CORP COM 565849106 54758 2571995SH Sole 2332945 239050 138 6500SH Defined 1 6500 MARSH & MCLENNAN COM 571748102 410 8878SH Sole 8278 600 MAY DEPT STORES COM 577778103 44372 1930916SH Sole 1748316 182600 113 4900SH Defined 1 4900 MCDONALDS CORP COM 580135101 176 10920SH Sole 10920 MERCK & CO INC COM 589331107 48091 849518SH Sole 775068 74450 113 2000SH Defined 1 2000 MICROSOFT CORP COM 594918104 56506 1092966SH Sole 991216 101750 160 3100SH Defined 1 3100 MILLIPORE CORP COM 601073109 238 7000SH Sole 7000 MONSANTO CO NEW COM 61166W101 26275 1364951SH Sole 1245851 119100 60 3100SH Defined 1 3100 NORFOLK SOUTHERN COM 655844108 254 12700SH Sole 5600 7100 NOVELL INC COM 670006105 7512 2249085SH Sole 2050285 198800 17 5200SH Defined 1 5200 PFIZER INC COM 717081103 1568 51300SH Sole 46700 4600 PHILIP MORRIS COM 718154107 43586 1075413SH Sole 1036763 38650 122 3000SH Defined 1 3000 PROCTER & GAMBLE COM 742718109 610 7100SH Sole 7100 PROVIDIAN FINANCIAL CORP COM 74406A102 78 12000SH Sole 12000 ROYAL DUTCH PETE COM 780257804 274 6215SH Sole 6215 SBC COMMUNICATIONS COM 78387G103 402 14836SH Sole 13520 1316 SCHLUMBERGER LTD COM 806857108 27623 656275SH Sole 593425 62850 51 1200SH Defined 1 1200 SERVICE CORP INTL COM 817565104 3256 980700SH Sole 904700 76000 SLM CORPORATION SECURITIES COM 78442P106 35017 337154SH Sole 300604 36550 93 900SH Defined 1 900 ST PAUL COS INC COM 792860108 56754 1666786SH Sole 1503086 163700 140 4100SH Defined 1 4100 SUNTRUST BKS INC COM 867914103 966 16972SH Sole 16972 SUPERVALU INC COM 868536103 31817 1927162SH Sole 1742812 184350 83 5000SH Defined 1 5000 TEVA PHARMACEUTCL INDS ADR COM 881624209 301 7800SH Sole 7800 TOYS R US INC COM 892335100 2040 204000SH Sole 182800 21200 TRAVELERS PPTY CAS CP CL B COM 89420G406 23589 1610137SH Sole 1452704 157433 57 3900SH Defined 1 3900 TRINITY INDS INC COM 896522109 46577 2456571SH Sole 2226771 229800 112 5900SH Defined 1 5900 TYCO INTL LTD COM 902124106 43391 2540444SH Sole 2260456 279988 125 7300SH Defined 1 7300 UNION PAC CORP COM 907818108 34182 570942SH Sole 520792 50150 78 1300SH Defined 1 1300 UNUMPROVIDENT CORP COM 91529Y106 51618 2942901SH Sole 2649351 293550 133 7600SH Defined 1 7600 UST INC COM 902911106 689 20600SH Sole 16100 4500 VERIZON COMMUNICATIONS COM 92343V104 70771 1826342SH Sole 1648057 178285 174 4500SH Defined 1 4500 WACHOVIA CORP COM 929903102 71122 1951750SH Sole 1748550 203200 233 6400SH Defined 1 6400 WAL MART STORES COM 931142103 32007 633681SH Sole 565781 67900 56 1100SH Defined 1 1100 WASTE MGMT INC COM 94106L109 37706 1645124SH Sole 1434324 210800 92 4000SH Defined 1 4000 WATSON PHARMACEUTICALS COM 942683103 24658 872231SH Sole 778531 93700 WHIRLPOOL CORP COM 963320106 36159 692445SH Sole 638945 53500 68 1300SH Defined 1 1300 WYETH COM 983024100 329 8801SH Sole 8801 COLUMN TOTALS 2,095,73082,755,783 74,776,0 07,979,7