13F-HR 1 mar0613f.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: March 31.2006 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: Teresa L. Sanderson Title: Chief Compliance Officer Phone: (434) 845-4900 Signature, Place, and Date of Signing: Teresa L. Sanderson Lynchburg, Virginia May 10, 2006 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: 0 Form 13F Information Table Entry Total: 75 Form 13F Information Table Value Total: 3441860 List of Other Included Managers: 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 ABBOTT LABS COM 002824100 526 12381SH Sole 4781 7600 AGILENT TECHNOLOGIES COM 00846U101 79475 2116500SH Sole 2003400 113100 ALLSTATE CORP COM 020002101 245 4700SH Sole 4700 ALTRIA GROUP INC COM 02209S103 64247 906681SH Sole 888081 18600 AMERICAN EXPRESS COM 025816109 63163 1201968SH Sole 1129868 72100 AMERICAN INTL GROUP COM 026874107 133163 2014873SH Sole 1882323 132550 AMGEN INC COM 031162100 255 3500SH Sole 3500 AUTOMATIC DATA PROCESS COM 053015103 219 4800SH Sole 4800 AVERY DENNISON COM 053611109 32737 559802SH Sole 519152 40650 BANK OF AMERICA COM 060505104 147068 3229417SH Sole 3005642 223775 BB&T CORP COM 054937107 853 21752SH Sole 21752 BELLSOUTH CORP COM 079860102 216 6232SH Sole 4232 2000 BEST BUY INC COM 086516101 52576 940034SH Sole 868239 71795 BP PLC SPONSORED ADR COM 055622104 532 7724SH Sole 7724 BRISTOL-MYERS SQUIBB COM 110122108 39094 1588554SH Sole 1500301 88253 CARDINAL HEALTH INC COM 14149Y108 827 11100SH Sole 10100 1000 CENDANT CORP COM 151313103 132710 7648969SH Sole 7201669 447300 CHEVRON CORP NEW COM 166764100 499 8610SH Sole 8610 CIGNA CORP COM 125509109 17939 137335SH Sole 125935 11400 CISCO SYS INC COM 17275R102 47370 2185982SH Sole 2055482 130500 CITIGROUP INC COM 172967101 148587 3146035SH Sole 2941835 204200 COCA COLA CO COM 191216100 619 14778SH Sole 14778 COMPUTER SCIENCES COM 205363104 69087 1243683SH Sole 1144683 99000 CONOCOPHILLIPS COM 20825C104 336 5314SH Sole 5314 CVS CORP COM 126650100 61049 2043829SH Sole 1915329 128500 DILLARDS INC CL A COM 254067101 50441 1937061SH Sole 1808911 128150 DU PONT E I DE NEMOURS COM 263534109 228 5400SH Sole 5400 EXXON MOBIL CORP COM 30231G102 4313 70862SH Sole 68062 2800 FANNIE MAE COM 313586109 77499 1507759SH Sole 1410159 97600 FEDERATED DEPT STORES COM 31410H101 27912 382353SH Sole 358549 23804 FEDEX CORP COM 31428X106 75155 665444SH Sole 619444 46000 FIRST DATA CORP COM 319963104 576 12300SH Sole 10300 2000 FREDDIE MAC COM 313400301 38849 636875SH Sole 592775 44100 GANNETT INC COM 364730101 40980 683910SH Sole 642485 41425 GENERAL ELEC CO COM 369604103 113823 3272667SH Sole 3063167 209500 GENERAL MTRS CORP COM 370442105 48723 2290702SH Sole 2170252 120450 GOLDMAN SACHS GROUP COM 38141G104 251 1600SH Sole 1600 HARTFORD FINANCIAL COM 416515104 233 2888SH Sole 2888 HCA INC COM 404119109 86839 1896461SH Sole 1752761 143700 HEWLETT-PACKARD CO COM 428236103 130161 3956264SH Sole 3654464 301800 INTEL CORP COM 458140100 380 19547SH Sole 19547 INTL BUSINESS MACHINES COM 459200101 133926 1623937SH Sole 1514712 109225 J P MORGAN CHASE & CO COM 46625H100 161305 3873789SH Sole 3581081 292708 JEFFERSON PILOT CORP COM 475070108 76728 1305569SH Sole 1234969 70600 JOHNSON & JOHNSON COM 478160104 115918 1957406SH Sole 1835856 121550 KOHLS CORP COM 500255104 46685 880679SH Sole 824879 55800 KROGER CO COM 501044101 287 14100SH Sole 10100 4000 MARATHON OIL CORP COM 565849106 28143 369474SH Sole 340399 29075 MCDONALDS CORP COM 580135101 241 7000SH Sole 7000 MCGRAW HILL COS COM 580645109 576 10000SH Sole 10000 MERCK & CO INC COM 589331107 76714 2177524SH Sole 2033824 143700 MICROSOFT CORP COM 594918104 94040 3456100SH Sole 3232650 223450 MOTOROLA INC COM 620076109 605 26405SH Sole 26405 PEPSICO INC COM 713448108 289 5000SH Sole 5000 PFIZER INC COM 717081103 105988 4253117SH Sole 3969217 283900 PROCTER & GAMBLE COM 742718109 839 14550SH Sole 14550 ROYAL DUTCH SHELL PLC-ADR A COM 780259206 53753 863369SH Sole 824819 38550 SCHERING PLOUGH COM 806605101 223 11754SH Sole 11754 SERVICE CORP INTL COM 817565104 472 60500SH Sole 53000 7500 SLM CORPORATION SECURITIES COM 78442P106 1478 28450SH Sole 18350 10100 SOLECTRON CORP COM 834182107 40326 10081583SH Sole 9457683 623900 SUNTRUST BKS INC COM 867914103 1178 16194SH Sole 16194 THE ST PAUL TRAVELERS COMPANIE COM 792860108 129015 3087223SH Sole 2890833 196390 TYCO INTL LTD COM 902124106 85788 3191518SH Sole 2971836 219682 UNION PAC CORP COM 907818108 5461 58500SH Sole 41750 16750 UNITED TECHNOLOGIES COM 913017109 468 8080SH Sole 8080 UNUMPROVIDENT CORP COM 91529Y106 5848 285550SH Sole 223950 61600 VERIZON COMMUNICATIONS COM 92343V104 94127 2763566SH Sole 2562819 200747 WACHOVIA CORP COM 929903102 128545 2293403SH Sole 2124303 169100 WAL MART STORES COM 931142103 127291 2694558SH Sole 2510758 183800 WATSON PHARMACEUTICALS COM 942683103 47195 1642122SH Sole 1519672 122450 WELLPOINT INC COM 94973V107 83006 1072016SH Sole 992916 79100 WHIRLPOOL CORP COM 963320106 4894 53500SH Sole 37200 16300 WYETH COM 983024100 472 9738SH Sole 9738 XEROX CORP COM 984121103 281 18477SH Sole 18477 COLUMN TOTALS 3441860 94621397 8838776 06233629