UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/2003
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: Marshall & Ilsley Corporation
Address: 770 North Water Street
Milwaukee, WI 53202
Form 13F File Number: 28-272
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. J. Erickson
Title: Senior Vice President & General Counsel
Phone: 414-765-7809
Signature, Place, and Date of Signing:
/s/ R.J. Erickson Milwaukee, WI 02/05/2004
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 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).)
[ ] 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).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 1,054
Form 13F Information Table Value Total: $ 2,210,911
(thousands)
List of Other Included Mangers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
-- -------------------- -------------------------------------
01 28-7680 Marshall & Ilsley Trust Company N.A.
(formerly known as M&I National
Trust Company and successor to
Marshall & Ilsley Trust Company,
13F file no. 28-273; Marshall & Ilsley
Trust Company of Florida, 13F file
no. 28-4318; and Marshall & Ilsley Trust
Company of Arizona, SEC file no. 28-4316)
05 28-274 M&I Investment Management Corp.
06 28-6060 Attorney Harrold J. McComas
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 1
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
ACE LTD G0070K103 353 8,532 SH X 01 8,532
ACE LTD G0070K103 5 116 SH X X 01 116
COOPER INDUSTRIES LTD CL A G24182100 1,005 17,346 SH X 01 17,346
COOPER INDUSTRIES LTD CL A G24182100 6 112 SH X X 01 112
INGERSOLL-RAND CO CL A G4776G101 322 4,748 SH X 01 4,748
INGERSOLL-RAND CO CL A G4776G101 4 66 SH X X 01 66
NABORS INDUSTRIES LTD G6359F103 245 5,913 SH X 01 5,913
NABORS INDUSTRIES LTD G6359F103 7 176 SH X X 01 176
NOBLE CORP G65422100 216 6,050 SH X 01 6,050
NOBLE CORP G65422100 7 201 SH X X 01 201
TRANSOCEAN INC COM G90078109 2,389 99,494 SH X 01 97,579 655 1,260
TRANSOCEAN INC COM G90078109 360 15,012 SH X X 01 1,750 13,012 250
XOMA LTD G9825R107 79 11,920 SH X 01 10,920 1,000
FLEXTRONICS INTL LTD Y2573F102 610 41,190 SH X 01 28,240 12,950
FLEXTRONICS INTL LTD Y2573F102 22 1,512 SH X X 01 1,512
AAR CORP COM 000361105 239 15,993 SH X 01 15,993
ADC TELECOMMUNICATIONS INC COM 000886101 183 61,556 SH X 01 61,556
ADC TELECOMMUNICATIONS INC COM 000886101 2 800 SH X X 01 800
AFLAC INC COM 001055102 363 10,030 SH X 01 9,955 75
AFLAC INC COM 001055102 83 2,286 SH X X 01 1,600 686
AES CORP COM 00130H105 370 39,202 SH X 01 39,202
AES CORP COM 00130H105 10 1,085 SH X X 01 1,085
AHT CORP COM 00130R103 0 20,000 SH X 01 20,000
AT&T CORP COM NEW 001957505 1,253 61,747 SH X 01 61,207 300 240
AT&T CORP COM NEW 001957505 97 4,787 SH X X 06 01 690 3,937 160
----------
PAGE TOTAL 8,230
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 2
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
AT&T WIRELESS COM 00209A106 396 49,577 SH X 01 49,477 100
AT&T WIRELESS COM 00209A106 52 6,500 SH X X 01 289 6,107 104
ABBOTT LABORATORIES COM 002824100 19,718 423,137 SH X 01 377,223 29,699 16,215
ABBOTT LABORATORIES COM 002824100 3,062 65,700 SH X X 06 01 11,226 47,098 7,376
ACHIEVA DEVELOPMENT CORP COM 00447B106 3 33,000 SH X 01 33,000
ADECCO SA SPONSORED ADR 006754105 169 10,510 SH X 01 10,510
ADOBE SYS INC COM 00724F101 354 9,067 SH X 01 8,992 75
ADOBE SYS INC COM 00724F101 6 148 SH X X 01 148
AEGON NV ORD AMER REG 007924103 184 12,438 SH X 01 12,438
AETNA INC NEW COM 00817Y108 326 4,824 SH X 01 4,824
AETNA INC NEW COM 00817Y108 6 84 SH X X 01 84
AFFILIATED COMPUTER SVCS INC CL A 008190100 227 4,172 SH X 01 4,172
AFFILIATED COMPUTER SVCS INC CL A 008190100 11 210 SH X X 01 210
AIR PRODS & CHEMS INC COM 009158106 725 13,720 SH X 01 11,020 1,700 1,000
AIR PRODS & CHEMS INC COM 009158106 1,047 19,819 SH X X 01 10,000 9,819
ALBERTO CULVER CO CL B CONV 013068101 233 3,700 SH X 01 3,700
ALBERTO CULVER CO CL B CONV 013068101 4 57 SH X X 01 57
ALBERTSONS INC COM 013104104 842 37,160 SH X 01 37,160
ALBERTSONS INC COM 013104104 7 291 SH X X 06 01 291
ALCOA INC COM 013817101 13,112 345,043 SH X 01 332,439 6,020 6,584
ALCOA INC COM 013817101 1,725 45,386 SH X X 01 3,597 41,719 70
ALLEGHENY ENERGY INC COM 017361106 435 34,116 SH X 01 34,116
ALLEGHENY ENERGY INC COM 017361106 9 674 SH X X 01 674
ALLERGAN INC COM 018490102 293 3,810 SH X 01 3,208 602
ALLETE INC COM 018522102 466 15,242 SH X 01 14,442 800
----------
PAGE TOTAL 43,412
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 3
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
ALLETE INC COM 018522102 45 1,460 SH X X 01 1,460
ALLIANT ENERGY CORP COM 018802108 1,763 70,807 SH X 01 69,907 900
ALLIANT ENERGY CORP COM 018802108 166 6,678 SH X X 01 6,678
ALLSTATE CORP COM 020002101 2,947 68,503 SH X 01 68,133 370
ALLSTATE CORP COM 020002101 323 7,501 SH X X 01 200 7,301
ALLTEL CORP COM 020039103 1,151 24,719 SH X 01 14,719 10,000
ALLTEL CORP COM 020039103 42 911 SH X X 06 01 911
ALTRIA GROUP INC COM 02209S103 78,139 1,435,859 SH X 01 1,426,407 1,642 7,810
ALTRIA GROUP INC COM 02209S103 7,993 146,881 SH X X 01 2,300 144,581
AMBAC FINL GROUP INC COM 023139108 434 6,248 SH X 01 6,248
AMBAC FINL GROUP INC COM 023139108 7 99 SH X X 01 99
AMCOL INTL CORP COM 02341W103 737 36,287 SH X X 01 36,287
AMEREN CORP COM 023608102 685 14,884 SH X 01 14,884
AMEREN CORP COM 023608102 74 1,606 SH X X 06 01 375 1,231
AMCORE FINL INC COM 023912108 233 8,592 SH X 01 8,592
AMCORE FINL INC COM 023912108 415 15,297 SH X X 01 15,297
AMERICAN ELEC PWR INC COM 025537101 1,102 36,105 SH X 01 36,105
AMERICAN ELEC PWR INC COM 025537101 131 4,296 SH X X 06 01 461 3,835
AMERICAN EXPRESS CO COM 025816109 11,027 228,640 SH X 01 209,998 5,163 13,479
AMERICAN EXPRESS CO COM 025816109 1,870 38,775 SH X X 06 01 8,125 30,550 100
AMERICAN INTL GROUP INC COM 026874107 18,388 277,423 SH X 01 256,399 10,352 10,672
AMERICAN INTL GROUP INC COM 026874107 3,020 45,560 SH X X 06 01 13,582 31,978
AMERICAN INTL PETROLEUM CORP COM 026909408 0 10,050 SH X 01 10,050
AMERICAN MGMT SYS INC COM 027352103 290 19,239 SH X 01 19,239
AMERICAN PWR CONVERSION CORP COM 029066107 297 12,122 SH X 01 12,122
----------
PAGE TOTAL 131,279
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 4
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
AMERICAN PWR CONVERSION CORP COM 029066107 16 664 SH X X 01 664
AMERICAN STD COS INC DEL COM 029712106 331 3,285 SH X 01 3,285
AMERICAN STD COS INC DEL COM 029712106 8 79 SH X X 01 79
AMERICAN STELLAR ENERGY INC COM 030082101 1 30,000 SH X 01 30,000
AMERISOURCEBERGEN CORP COM 03073E105 654 11,639 SH X 01 11,364 275
AMERISOURCEBERGEN CORP COM 03073E105 3 54 SH X X 01 54
AMERITRADE HOLDING CORP NEW COM 03074K100 418 29,600 SH X 01 29,600
AMGEN INC COM 031162100 8,964 145,065 SH X 01 138,490 3,450 3,125
AMGEN INC COM 031162100 645 10,436 SH X X 06 01 899 8,537 1,000
AMSOUTH BANCORPORATION COM 032165102 913 37,285 SH X 01 36,947 338
AMSOUTH BANCORPORATION COM 032165102 10 415 SH X X 06 01 415
ANADARKO PETE CORP COM 032511107 6,615 129,672 SH X 01 127,287 1,155 1,230
ANADARKO PETE CORP COM 032511107 779 15,266 SH X X 06 01 550 14,716
ANALOG DEVICES INC COM 032654105 211 4,631 SH X 01 4,631
ANALOG DEVICES INC COM 032654105 40 873 SH X X 01 873
ANCHOR BANCORP WIS INC COM 032839102 43 1,744 SH X 01 1,744
ANCHOR BANCORP WIS INC COM 032839102 707 28,380 SH X X 01 28,380
ANHEUSER BUSCH COS INC COM 035229103 3,390 64,343 SH X 01 59,552 1,500 3,291
ANHEUSER BUSCH COS INC COM 035229103 2,212 41,996 SH X X 01 28,544 13,452
ANTHEM INC COM 03674B104 265 3,530 SH X 01 3,530
ANTHEM INC COM 03674B104 6 74 SH X X 01 74
APACHE CORP COM 037411105 500 6,162 SH X 01 6,162
APACHE CORP COM 037411105 129 1,589 SH X X 01 1,589
APOLLO GROUP INC CL A 037604105 1,002 14,781 SH X 01 14,781
APOLLO GROUP INC CL A 037604105 8 122 SH X X 01 122
----------
PAGE TOTAL 27,870
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 5
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
APPLIED MATLS INC COM 038222105 8,954 399,017 SH X 01 380,930 4,113 13,974
APPLIED MATLS INC COM 038222105 1,095 48,787 SH X X 06 01 16,305 32,482
ARCHER DANIELS MIDLAND CO COM 039483102 1,255 82,450 SH X 01 82,450
ARCHER DANIELS MIDLAND CO COM 039483102 3 186 SH X X 01 186
ARVINMERITOR INC COM 043353101 695 28,805 SH X 01 28,805
ARVINMERITOR INC COM 043353101 1 49 SH X X 01 49
ASHLAND INC COM 044204105 1,067 24,213 SH X 01 24,213
ASSOCIATED BANC CORP COM 045487105 8,199 191,563 SH X 01 187,191 1,424 2,948
ASSOCIATED BANC CORP COM 045487105 2,206 51,531 SH X X 01 1,444 50,087
AUTOMATIC DATA PROCESSING INC COM 053015103 878 22,156 SH X 01 20,556 1,600
AUTOMATIC DATA PROCESSING INC COM 053015103 439 11,082 SH X X 01 11,082
AUTONATION INC DEL COM 05329W102 187 10,173 SH X 01 10,173
AUTONATION INC DEL COM 05329W102 7 359 SH X X 01 359
AUTOZONE INC COM 053332102 341 3,998 SH X 01 3,998
AUTOZONE INC COM 053332102 6 76 SH X X 01 76
AVAYA INC COM 053499109 456 35,254 SH X 01 35,254
AVAYA INC COM 053499109 8 597 SH X X 01 21 576
AVERY DENNISON CORP COM 053611109 180 3,211 SH X 01 3,211
AVERY DENNISON CORP COM 053611109 113 2,023 SH X X 01 2,023
AVON PRODS INC COM 054303102 202 2,987 SH X 01 2,987
AVON PRODS INC COM 054303102 2 36 SH X X 01 36
BB&T CORP COM 054937107 1,946 50,364 SH X 01 49,843 521
BB&T CORP COM 054937107 18 453 SH X X 06 01 453
BP PLC SPON ADR 055622104 11,065 224,208 SH X 01 206,911 8,079 9,218
BP PLC SPON ADR 055622104 5,002 101,361 SH X X 06 01 11,197 87,374 2,790
----------
PAGE TOTAL 44,325
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 6
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
BMC SOFTWARE INC COM 055921100 6,337 339,762 SH X 01 324,662 4,410 10,690
BMC SOFTWARE INC COM 055921100 727 38,986 SH X X 06 01 11,465 27,521
BADGER METER INC COM 056525108 12,763 334,549 SH X 01 28,487 306,062
BADGER METER INC COM 056525108 290 7,600 SH X X 01 400 7,200
BANCO SANTANDER CENT HISPANO S A ADR 05964H105 139 11,550 SH X 01 11,550
BANK OF AMERICA CORP COM 060505104 16,262 202,189 SH X 01 196,602 3,141 2,446
BANK OF AMERICA CORP COM 060505104 2,125 26,415 SH X X 06 01 2,261 24,154
BANK MUT CORP NEW COM 063750103 251 21,998 SH X 01 21,998
BANK MUT CORP NEW COM 063750103 330 28,975 SH X X 01 28,975
BANK MONTICELLO WIS CDT CAP STK 063908107 151 275 SH X 01 275
BANK MONTICELLO WIS CDT CAP STK 063908107 123 224 SH X X 01 224
BANK OF NEW YORK CO INC COM 064057102 4,220 127,419 SH X 01 116,809 4,720 5,890
BANK OF NEW YORK CO INC COM 064057102 893 26,964 SH X X 01 2,727 17,487 6,750
BANK ONE CORP COM 06423A103 3,778 82,859 SH X 01 76,980 1,065 4,814
BANK ONE CORP COM 06423A103 3,331 73,055 SH X X 01 4,763 39,285 29,007
BANTA CORP COM 066821109 350 8,638 SH X 01 8,638
BANTA CORP COM 066821109 41 1,000 SH X X 01 1,000
BARD C R INC COM 067383109 417 5,137 SH X 01 5,137
BARD C R INC COM 067383109 835 10,273 SH X X 01 8,200 2,073
BAUSCH & LOMB INC COM 071707103 260 5,003 SH X 01 5,003
BAUSCH & LOMB INC COM 071707103 3 67 SH X X 01 67
BAXTER INTERNATIONAL INC COM 071813109 6,236 204,318 SH X 01 199,668 1,000 3,650
BAXTER INTERNATIONAL INC COM 071813109 418 13,710 SH X X 01 2,590 10,320 800
BEAR STEARNS COS INC COM 073902108 248 3,102 SH X 01 3,102
BEAR STEARNS COS INC COM 073902108 5 65 SH X X 01 65
----------
PAGE TOTAL 60,533
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 7
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
BECTON DICKINSON & CO COM 075887109 308 7,491 SH X 01 7,491
BECTON DICKINSON & CO COM 075887109 5 119 SH X X 01 119
BED BATH BEYOND INC COM 075896100 589 13,581 SH X 01 13,581
BED BATH BEYOND INC COM 075896100 297 6,852 SH X X 01 6,852
BELLSOUTH CORP COM 079860102 12,234 432,302 SH X 01 414,732 15,288 2,282
BELLSOUTH CORP COM 079860102 2,254 79,640 SH X X 06 01 29,577 46,558 3,505
BELMONT RESOURCES COM 080499106 1 28,000 SH X 01 28,000
BEMIS INC COM 081437105 208 4,153 SH X 01 4,153
BERKSHIRE HATHAWAY INC CL A 084670108 674 8 SH X 01 8
BERKSHIRE HATHAWAY INC CL A 084670108 1,011 12 SH X X 01 10 2
BERKSHIRE HATHAWAY INC DEL CL B 084670207 3,094 1,099 SH X 01 1,043 49 7
BERKSHIRE HATHAWAY INC DEL CL B 084670207 937 333 SH X X 01 287 46
BEST BUY INC COM 086516101 642 12,280 SH X 01 12,105 175
BEST BUY INC COM 086516101 596 11,416 SH X X 01 11,416
BIG LOTS INC COM 089302103 208 14,604 SH X 01 14,604
BIO-KEY INTERNATIONAL INC COM 09060C101 1,318 1,107,500 SH X X 01 1,107,500
BIOMET INC COM 090613100 436 12,034 SH X 01 12,034
BIOMET INC COM 090613100 65 1,785 SH X X 01 210 1,575
BIOGEN IDEC INC COM 09062X103 165 4,490 SH X 01 4,490
BIOGEN IDEC INC COM 09062X103 223 6,074 SH X X 01 6,074
BLACK & DECKER CORP COM 091797100 296 5,998 SH X 01 5,198 800
BLACK & DECKER CORP COM 091797100 4 83 SH X X 01 83
BLOCK H & R INC COM 093671105 451 8,153 SH X 01 8,153
BLOCK H & R INC COM 093671105 18 326 SH X X 01 326
BOEING CO COM 097023105 6,231 147,853 SH X 01 137,084 1,925 8,844
----------
PAGE TOTAL 32,265
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 8
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
BOEING CO COM 097023105 604 14,326 SH X X 01 3,017 10,975 334
BOSTON SCIENTIFIC CORP COM 101137107 1,232 33,521 SH X 01 33,521
BOSTON SCIENTIFIC CORP COM 101137107 97 2,628 SH X X 01 2,628
BRADY CORP CL A 104674106 48 1,183 SH X 01 1,183
BRADY CORP CL A 104674106 994 24,400 SH X X 01 24,400
BRIGGS & STRATTON CORP COM 109043109 125 1,858 SH X 01 1,858
BRIGGS & STRATTON CORP COM 109043109 283 4,200 SH X X 01 4,200
BRISTOL MYERS SQUIBB CO COM 110122108 9,774 341,743 SH X 01 318,075 12,798 10,870
BRISTOL MYERS SQUIBB CO COM 110122108 2,101 73,475 SH X X 01 8,777 60,598 4,100
BRUNSWICK CORP COM 117043109 1,037 32,592 SH X 01 32,592
BRUNSWICK CORP COM 117043109 1 27 SH X X 01 27
BURLINGTON NORTHN SANTA FE CORP COM 12189T104 1,498 46,309 SH X 01 44,409 1,300 600
BURLINGTON NORTHN SANTA FE CORP COM 12189T104 352 10,886 SH X X 01 1,062 5,624 4,200
BURLINGTON RES INC COM 122014103 540 9,743 SH X 01 9,395 348
BURLINGTON RES INC COM 122014103 276 4,985 SH X X 01 617 3,868 500
CIGNA CORP COM 125509109 695 12,086 SH X 01 12,086
CIGNA CORP COM 125509109 0 0 SH X X 01
CSX CORP COM 126408103 350 9,748 SH X 01 9,748
CSX CORP COM 126408103 10 277 SH X X 01 277
CVS CORP COM 126650100 619 17,142 SH X 01 17,142
CVS CORP COM 126650100 77 2,137 SH X X 01 2,137
CADRE RESOURCES LTD COM 12763W101 3 20,000 SH X 01 20,000
CALPINE CORP COM 131347106 230 47,809 SH X 01 47,809
CALPINE CORP COM 131347106 4 895 SH X X 01 895
CAMPBELL SOUP CO COM 134429109 359 13,407 SH X 01 13,407
----------
PAGE TOTAL 21,309
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 9
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
CAMPBELL SOUP CO COM 134429109 35 1,299 SH X X 01 1,299
CAPITAL ONE FINL CORP COM 14040H105 375 6,112 SH X 01 6,112
CAPITAL ONE FINL CORP COM 14040H105 6 103 SH X X 01 103
CARDINAL HEALTH INC COM 14149Y108 6,580 107,587 SH X 01 105,769 475 1,343
CARDINAL HEALTH INC COM 14149Y108 1,079 17,649 SH X X 06 01 3,195 14,268 186
CARNIVAL CORP PAIRED CTF 1 COM 143658300 437 11,003 SH X 01 11,003
CARNIVAL CORP & 1 TR SH BEN INT P&O
CARNIVAL CORP PAIRED CTF 1 COM 143658300 444 11,183 SH X X 01 11,183
CARNIVAL CORP & 1 TR SH BEN INT P&O
CATERPILLAR INC COM 149123101 1,077 12,976 SH X 01 12,906 70
CATERPILLAR INC COM 149123101 929 11,187 SH X X 01 8,000 3,187
CELL THERAPEUTICS INC CDT COM 150934107 173 20,000 SH X 01 20,000
CENDANT CORP COM 151313103 385 17,280 SH X 01 17,280
CENDANT CORP COM 151313103 7 311 SH X X 01 311
CENTERPOINT ENERGY INC COM 15189T107 585 60,362 SH X 01 60,362
CENTERPOINT ENERGY INC COM 15189T107 24 2,519 SH X X 06 01 430 2,089
CENTEX CORP COM 152312104 382 3,553 SH X 01 3,553
CENTEX CORP COM 152312104 7 62 SH X X 01 62
CENTURYTEL INC COM 156700106 216 6,621 SH X 01 6,621
CENTURYTEL INC COM 156700106 5 142 SH X X 01 142
CHARTER ONE FINL INC COM 160903100 1,245 36,033 SH X 01 35,838 195
CHARTER ONE FINL INC COM 160903100 7 203 SH X X 06 01 203
CHECKPOINT SYSTEMS INC COM 162825103 298 15,756 SH X 01 15,756
CHEMICAL FINANCIAL CORP COM 163731102 522 14,349 SH X 01 14,349
CHEMICAL FINANCIAL CORP COM 163731102 440 12,083 SH X X 01 12,083
CHESAPEAKE ENERGY CORP COM 165167107 136 10,000 SH X X 01 10,000
CHEVRON TEXACO CORP COM 166764100 28,158 325,941 SH X 01 319,175 4,255 2,511
----------
PAGE TOTAL 43,552
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 10
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
CHEVRON TEXACO CORP COM 166764100 5,072 58,716 SH X X 06 01 7,672 49,158 1,886
CHICOS FAS INC COM 168615102 495 13,391 SH X 01 10,191 3,200
CHUBB CORP COM 171232101 8,797 129,185 SH X 01 125,454 921 2,810
CHUBB CORP COM 171232101 763 11,202 SH X X 06 01 1,075 10,127
CINCINNATI FINL CORP COM 172062101 217 5,199 SH X 01 5,199
CINCINNATI FINL CORP COM 172062101 5 109 SH X X 01 109
CINERGY CORP COM 172474108 1,144 29,471 SH X 01 24,356 5,115
CINERGY CORP COM 172474108 73 1,876 SH X X 06 01 500 1,376
CISCO SYS INC COM 17275R102 14,713 607,229 SH X 01 594,699 6,673 5,857
CISCO SYS INC COM 17275R102 2,193 90,523 SH X X 06 01 14,714 75,809
CINTAS CORP COM 172908105 247 4,935 SH X 01 4,815 120
CINTAS CORP COM 172908105 248 4,944 SH X X 01 2,244 2,700
CITIGROUP INC COM 172967101 25,524 525,838 SH X 01 500,428 6,597 18,813
CITIGROUP INC COM 172967101 3,805 78,399 SH X X 06 01 10,267 63,932 4,200
CITIZENS BKG CORP MICH COM 174420109 300 9,173 SH X 01 1,173 8,000
CITIZENS COMMUNICATIONS CO COM 17453B101 579 46,584 SH X 01 46,584
CITIZENS COMMUNICATIONS CO COM 17453B101 31 2,527 SH X X 01 2,527
CITRIX SYS INC COM 177376100 541 25,571 SH X 01 25,571
CITRIX SYS INC COM 177376100 7 342 SH X X 01 342
CLEAR CHANNEL COMMUNICATIONS INC COM 184502102 560 11,952 SH X 01 11,952
CLEAR CHANNEL COMMUNICATIONS INC COM 184502102 70 1,503 SH X X 01 1,000 503
CLOROX CO COM 189054109 664 13,665 SH X 01 13,665
CLOROX CO COM 189054109 110 2,269 SH X X 01 600 1,669
COCA COLA CO COM 191216100 26,647 525,071 SH X 01 493,977 16,679 14,415
COCA COLA CO COM 191216100 5,115 100,791 SH X X 06 01 30,296 69,245 1,250
----------
PAGE TOTAL 97,920
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 11
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
COCA-COLA ENTERPRISES INC COM 191219104 303 13,853 SH X 01 13,153 700
COCA-COLA ENTERPRISES INC COM 191219104 0 7 SH X X 01 7
COLGATE PALMOLIVE CO COM 194162103 3,376 67,456 SH X 01 61,150 5,170 1,136
COLGATE PALMOLIVE CO COM 194162103 1,807 36,112 SH X X 01 18,600 15,512 2,000
COMCAST CORP CL A 20030N101 1,977 60,284 SH X 01 56,684 3,600
COMCAST CORP CL A 20030N101 207 6,306 SH X X 01 1,115 5,094 97
COMERICA INC COM 200340107 7,937 141,584 SH X 01 139,974 550 1,060
COMERICA INC COM 200340107 393 7,011 SH X X 06 01 425 6,526 60
COMPUTER ASSOC INTL INC COM 204912109 909 33,231 SH X 01 33,231
COMPUTER ASSOC INTL INC COM 204912109 4 152 SH X X 01 152
COMPUTER SCIENCES CORP COM 205363104 338 7,632 SH X 01 7,632
COMPUTER SCIENCES CORP COM 205363104 3 66 SH X X 01 66
COMPUWARE CORP COM 205638109 389 64,476 SH X 01 64,476
CONAGRA FOODS INC COM 205887102 1,067 40,419 SH X 01 38,301 1,600 518
CONAGRA FOODS INC COM 205887102 39 1,488 SH X X 06 01 1,488
CONOCOPHILLIPS COM 20825C104 5,063 77,215 SH X 01 76,559 656
CONOCOPHILLIPS COM 20825C104 155 2,359 SH X X 06 01 200 2,059 100
CONSOLIDATED EDISON INC COM 209115104 1,095 25,452 SH X 01 24,635 600 217
CONSOLIDATED EDISON INC COM 209115104 92 2,134 SH X X 06 01 2,134
COREX GOLD CORP COM 21870J101 24 29,700 SH X 01 29,700
CORINTHIAN COLLEGES INC COM 218868107 526 9,479 SH X 01 9,479
CORNING INC COM 219350105 325 31,203 SH X 01 31,203
CORNING INC COM 219350105 14 1,313 SH X X 01 1,313
COUNTRYWIDE FINL CORP COM 222372104 3,499 46,127 SH X 01 44,235 1,892
COUNTRYWIDE FINL CORP COM 222372104 147 1,943 SH X X 01 1,943
----------
PAGE TOTAL 29,689
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 12
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
COVANCE INC COM 222816100 225 8,396 SH X 01 8,396
COX RADIO INC CL A 224051102 214 8,470 SH X 01 8,470
DTE ENERGY CO COM 233331107 514 13,040 SH X 01 13,040
DTE ENERGY CO COM 233331107 44 1,126 SH X X 06 01 1,126
DANAHER CORP COM 235851102 261 2,846 SH X 01 2,846
DANAHER CORP COM 235851102 5 55 SH X X 01 55
DEAN FOODS CO NEW COM 242370104 196 5,955 SH X 01 5,955
DEAN FOODS CO NEW COM 242370104 21 642 SH X X 01 642
DEERE & CO COM 244199105 205 3,144 SH X 01 3,144
DEERE & CO COM 244199105 222 3,406 SH X X 01 1,200 34 2,172
DELL INC COM 24702R101 10,248 301,591 SH X 01 292,611 300 8,680
DELL INC COM 24702R101 1,684 49,554 SH X X 06 01 1,575 47,979
DELPHI CORPORATION COM 247126105 1,006 98,560 SH X 01 98,421 139
DELPHI CORPORATION COM 247126105 9 854 SH X X 06 01 854
DELUXE CORP COM 248019101 405 9,804 SH X 01 9,732 72
DELUXE CORP COM 248019101 7 158 SH X X 06 01 158
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 22 1,213 SH X 01 1,213
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 247 13,598 SH X X 01 13,598
DEVON ENERGY CORP NEW COM 25179M103 217 3,794 SH X 01 3,794
DEVON ENERGY CORP NEW COM 25179M103 20 345 SH X X 01 345
DEVRY INC DEL COM 251893103 210 8,358 SH X 01 8,358
DIEBOLD INC COM 253651103 15 283 SH X 01 283
DIEBOLD INC COM 253651103 201 3,725 SH X X 01 25 3,700
DISNEY WALT CO COM 254687106 9,305 398,848 SH X 01 367,795 20,505 10,548
DISNEY WALT CO COM 254687106 1,339 57,402 SH X X 01 4,175 52,477 750
----------
PAGE TOTAL 26,842
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 13
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
DOLLAR GEN CORP COM 256669102 296 14,090 SH X 01 14,090
DOLLAR GEN CORP COM 256669102 18 863 SH X X 01 863
DOMINION RES INC VA NEW COM 25746U109 2,155 33,764 SH X 01 32,803 961
DOMINION RES INC VA NEW COM 25746U109 40 634 SH X X 06 01 634
DONNELLEY R R & SONS CO COM 257867101 703 23,329 SH X 01 22,729 600
DONNELLEY R R & SONS CO COM 257867101 26 859 SH X X 06 01 859
DOW CHEM CO COM 260543103 5,177 124,530 SH X 01 118,160 5,484 886
DOW CHEM CO COM 260543103 821 19,751 SH X X 06 01 8,097 11,654
DOW JONES & CO INC COM 260561105 261 5,243 SH X 01 3,543 1,700
DOW JONES & CO INC COM 260561105 0 2 SH X X 01 2
DU PONT E I DE NEMOURS & CO COM 263534109 6,268 136,585 SH X 01 132,159 3,465 961
DU PONT E I DE NEMOURS & CO COM 263534109 1,314 28,634 SH X X 06 01 5,955 22,679
DUKE ENERGY CORP COM 264399106 1,729 84,558 SH X 01 73,686 10,872
DUKE ENERGY CORP COM 264399106 110 5,369 SH X X 06 01 2,400 1,969 1,000
E M C CORP MASS COM 268648102 777 60,105 SH X 01 59,905 200
E M C CORP MASS COM 268648102 16 1,205 SH X X 01 1,205
ENSCO INTL INC COM 26874Q100 3,003 110,511 SH X 01 108,721 1,790
ENSCO INTL INC COM 26874Q100 119 4,375 SH X X 01 320 4,055
EASTMAN CHEM CO COM 277432100 217 5,477 SH X 01 5,477
EASTMAN CHEM CO COM 277432100 22 546 SH X X 06 01 546
EATON CORP COM 278058102 399 3,692 SH X 01 3,692
EATON CORP COM 278058102 446 4,135 SH X X 01 4,135
EBAY INC COM 278642103 960 14,864 SH X 01 12,724 2,140
EBAY INC COM 278642103 13 207 SH X X 01 207
ECOLAB INC COM 278865100 711 25,979 SH X 01 25,979
----------
PAGE TOTAL 25,601
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 14
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
ECOLAB INC COM 278865100 392 14,313 SH X X 01 14,313
EDISON INTL COM 281020107 468 21,332 SH X 01 21,332
EDISON INTL COM 281020107 36 1,644 SH X X 01 1,644
EDWARDS LIFESCIENCES CORP COM 28176E108 676 22,473 SH X 01 22,473
EDWARDS LIFESCIENCES CORP COM 28176E108 8 260 SH X X 01 260
ELECTRONIC ARTS INC COM 285512109 1,151 24,133 SH X 01 24,133
ELECTRONIC ARTS INC COM 285512109 22 462 SH X X 01 462
EMERSON ELEC CO COM 291011104 2,498 38,578 SH X 01 34,678 1,400 2,500
EMERSON ELEC CO COM 291011104 1,464 22,615 SH X X 06 01 2,057 20,558
ENBRIDGE ENERGY PARTNERS LP COM 29250R106 225 4,500 SH X 01 4,500
ENBRIDGE ENERGY PARTNERS LP COM 29250R106 25 500 SH X X 01 500
ENTERGY CORP NEW COM 29364G103 981 17,177 SH X 01 17,177
ENTERGY CORP NEW COM 29364G103 41 717 SH X X 06 01 717
EQUITY OFFICE PPTYS TR COM 294741103 801 27,960 SH X 01 27,960
EQUITY OFFICE PPTYS TR COM 294741103 42 1,461 SH X X 06 01 1,461
EQUITY RESIDENTIAL COM 29476L107 753 25,525 SH X 01 25,525
EQUITY RESIDENTIAL COM 29476L107 7 236 SH X X 06 01 236
EXELON CORPORATION COM 30161N101 1,980 29,841 SH X 01 29,553 288
EXELON CORPORATION COM 30161N101 53 792 SH X X 06 01 437 355
EXXON MOBIL CORP COM 30231G102 49,595 1,209,635 SH X 01 1,150,734 17,512 41,389
EXXON MOBIL CORP COM 30231G102 28,085 684,992 SH X X 06 01 378,976 303,616 2,400
FPL GROUP INC COM 302571104 1,912 29,225 SH X 01 26,648 2,400 177
FPL GROUP INC COM 302571104 480 7,330 SH X X 06 01 1,706 5,624
FAMILY DLR STORES INC COM 307000109 301 8,391 SH X 01 8,391
FAMILY DLR STORES INC COM 307000109 7 187 SH X X 01 187
----------
PAGE TOTAL 92,003
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 15
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
FASTENAL CO COM 311900104 471 9,477 SH X 01 9,307 170
FASTENAL CO COM 311900104 270 5,434 SH X X 01 5,434
FEDERAL HOME LN MTG CORP COM 313400301 12,190 209,020 SH X 01 190,623 8,892 9,505
FEDERAL HOME LN MTG CORP COM 313400301 1,933 33,138 SH X X 06 01 2,100 30,638 400
FEDERAL NATL MTG ASSN COM 313586109 5,333 71,053 SH X 01 55,996 7,175 7,882
FEDERAL NATL MTG ASSN COM 313586109 1,617 21,544 SH X X 01 571 20,873 100
FEDERATED DEPT STORES INC DEL COM 31410H101 967 20,527 SH X 01 20,527
FEDERATED DEPT STORES INC DEL COM 31410H101 47 1,000 SH X X 01 1,000
FEDEX CORP COM 31428X106 6,353 94,117 SH X 01 91,287 200 2,630
FEDEX CORP COM 31428X106 728 10,785 SH X X 06 01 385 10,400
FIFTH THIRD BANCORP COM 316773100 2,676 45,284 SH X 01 43,519 1,765
FIFTH THIRD BANCORP COM 316773100 1,445 24,458 SH X X 01 10,934 13,524
FIRST BKG CTR INC CDT-CAP STK 31928P108 275 5,943 SH X 01 5,943
FIRST FED CAP CORP COM 319960100 1,399 62,026 SH X X 01 17,602 44,424
FIRST DATA CORP COM 319963104 1,146 27,897 SH X 01 18,971 1,638 7,288
FIRST DATA CORP COM 319963104 10 240 SH X X 01 240
FIRST MID ILL BANCSHARES INC COM 320866106 570 12,178 SH X 01 12,178
1ST SOURCE CORP COM 336901103 1,057 49,140 SH X X 01 49,140
FIRST TENN NATL CORP COM 337162101 551 12,500 SH X 01 12,500
FIRST TENN NATL CORP COM 337162101 97 2,190 SH X X 06 01 2,190
FISERV INC COM 337738108 1,713 43,317 SH X 01 43,115 202
FISERV INC COM 337738108 266 6,736 SH X X 01 300 6,436
FIRSTENERGY CORP COM 337932107 1,558 44,260 SH X 01 44,260
FIRSTENERGY CORP COM 337932107 8 228 SH X X 06 01 228
FLEET BOSTON FINANCIAL CORP COM 339030108 3,972 90,998 SH X 01 89,983 1,015
----------
PAGE TOTAL 46,652
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 16
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
FLEET BOSTON FINANCIAL CORP COM 339030108 370 8,477 SH X X 06 01 75 8,402
FORD MTR CO DEL COM PAR $0.01 345370860 2,457 153,592 SH X 01 152,679 913
FORD MTR CO DEL COM PAR $0.01 345370860 674 42,154 SH X X 06 01 1,169 40,985
FOREST LABS INC COM 345838106 560 9,060 SH X 01 9,060
FOREST LABS INC COM 345838106 673 10,898 SH X X 01 10,898
FORTUNE BRANDS INC COM 349631101 2,316 32,399 SH X 01 29,925 914 1,560
FORTUNE BRANDS INC COM 349631101 545 7,630 SH X X 01 7,630
FREEPORT-MCMORAN COPPER & GOLD INC 35671D857 310 7,348 SH X 01 7,348
CL B
FREEPORT-MCMORAN COPPER & GOLD INC 35671D857 7 168 SH X X 01 168
CL B
GALLAHER GROUP PLC SPONSORED ADR 363595109 288 6,770 SH X 01 6,160 610
GALLAHER GROUP PLC SPONSORED ADR 363595109 141 3,320 SH X X 01 3,320
GANNETT INC COM 364730101 8,969 100,600 SH X 01 95,470 3,450 1,680
GANNETT INC COM 364730101 986 11,055 SH X X 06 01 11,055
GAP INC COM 364760108 361 15,541 SH X 01 15,541
GAP INC COM 364760108 645 27,798 SH X X 01 798 27,000
GEHL CO COM 368483103 35 2,450 SH X 01 2,450
GEHL CO COM 368483103 368 26,000 SH X X 01 26,000
GENENTECH INC COM NEW 368710406 5,957 63,667 SH X 01 61,332 100 2,235
GENENTECH INC COM NEW 368710406 818 8,743 SH X X 01 655 8,088
GENERAL COMMUNICATION INC CL A 369385109 186 21,324 SH X 01 21,324
GENERAL DYNAMICS CORP COM 369550108 402 4,448 SH X 01 4,448
GENERAL DYNAMICS CORP COM 369550108 5 59 SH X X 01 15 44
GENERAL ELEC CO COM 369604103 63,536 2,050,873 SH X 01 1,861,084 113,047 76,742
GENERAL ELEC CO COM 369604103 15,661 505,532 SH X X 06 01 148,496 342,424 14,612
GENERAL MILLS INC COM 370334104 2,385 52,650 SH X 01 50,550 2,100
----------
PAGE TOTAL 108,655
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 17
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
GENERAL MILLS INC COM 370334104 1,035 22,857 SH X X 01 3,350 11,507 8,000
GENERAL MTRS CORP COM 370442105 4,233 79,266 SH X 01 76,471 775 2,020
GENERAL MTRS CORP COM 370442105 693 12,981 SH X X 06 01 4,206 8,775
GENUINE PARTS CO COM 372460105 429 12,909 SH X 01 12,395 514
GENUINE PARTS CO COM 372460105 87 2,635 SH X X 06 01 2,635
GEORGIA PAC CORP COM GEORGIA PAC 373298108 220 7,181 SH X 01 7,181
GROUP
GEORGIA PAC CORP COM GEORGIA PAC 373298108 344 11,214 SH X X 01 11,214
GROUP
GILLETTE CO COM 375766102 8,711 237,172 SH X 01 226,437 5,245 5,490
GILLETTE CO COM 375766102 1,692 46,079 SH X X 06 01 3,015 43,064
GLACIER BANCORP INC NEW COM 37637Q105 209 6,445 SH X X 01 6,445
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,232 26,419 SH X 01 24,226 2,193
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 892 19,123 SH X X 01 910 18,213
GLOBAL INDUSTRIAL SERVICES COM 37939H100 0 20,000 SH X 01 20,000
GOLDEN WEST FINL CORP DEL COM 381317106 393 3,806 SH X 01 3,806
GOLDEN WEST FINL CORP DEL COM 381317106 6 62 SH X X 01 62
GOLDMAN SACHS GROUP INC COM 38141G104 9,370 94,910 SH X 01 91,560 300 3,050
GOLDMAN SACHS GROUP INC COM 38141G104 1,291 13,081 SH X X 06 01 310 12,771
GOODRICH CORP COM 382388106 291 9,814 SH X 01 9,814
GOODRICH CORP COM 382388106 2 63 SH X X 06 01 63
GRAINGER W W INC COM 384802104 1,417 29,907 SH X 01 29,907
GRAINGER W W INC COM 384802104 57 1,200 SH X X 01 200 1,000
GREENPOINT FINANCIAL CORP COM 395384100 21 601 SH X 01 601
GREENPOINT FINANCIAL CORP COM 395384100 297 8,400 SH X X 01 8,400
GTECH HLDGS CORP COM 400518106 2,237 45,202 SH X 01 41,552 3,650
GTECH HLDGS CORP COM 400518106 74 1,490 SH X X 01 1,490
----------
PAGE TOTAL 35,233
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 18
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
GUIDANT CORP COM 401698105 7,367 122,379 SH X 01 118,390 859 3,130
GUIDANT CORP COM 401698105 699 11,618 SH X X 01 920 10,698
GUS PLC SPON-ADR 40330M108 143 10,300 SH X 01 10,300
HCA INC COM 404119109 1,609 37,463 SH X 01 36,934 350 179
HCA INC COM 404119109 178 4,141 SH X X 01 1,575 2,566
HSBC HLDGS PLC SPONSORED ADR NEW 404280406 861 10,928 SH X 01 10,273 655
HSBC HLDGS PLC SPONSORED ADR NEW 404280406 659 8,357 SH X X 01 8,357
HALLIBURTON CO COM 406216101 209 8,032 SH X 01 7,908 124
HALLIBURTON CO COM 406216101 117 4,500 SH X X 01 1,000 3,500
HARLEY DAVIDSON INC COM 412822108 13,006 273,647 SH X 01 266,447 4,150 3,050
HARLEY DAVIDSON INC COM 412822108 1,981 41,673 SH X X 06 01 2,725 38,948
HARTFORD FINL SVCS GROUP INC COM 416515104 1,629 27,590 SH X 01 27,590
HARTFORD FINL SVCS GROUP INC COM 416515104 129 2,180 SH X X 01 2,180
HAWAIIAN ELEC INDS INC COM 419870100 192 4,043 SH X 01 4,043
HAWAIIAN ELEC INDS INC COM 419870100 20 424 SH X X 01 424
HEALTHEXTRAS INC COM 422211102 236 17,600 SH X 01 17,600
HEINZ H J CO COM 423074103 2,328 63,911 SH X 01 56,572 7,339
HEINZ H J CO COM 423074103 518 14,221 SH X X 06 01 14,221
HERSHEY FOODS CORP COM 427866108 545 7,079 SH X 01 5,879 1,200
HERSHEY FOODS CORP COM 427866108 151 1,961 SH X X 01 1,961
HEWLETT PACKARD CO COM 428236103 3,547 154,414 SH X 01 153,887 327 200
HEWLETT PACKARD CO COM 428236103 1,032 44,941 SH X X 01 19,007 25,934
HIBERNIA CORP CL A 428656102 273 11,621 SH X 01 11,621
HILB ROGAL & HAMILTON CO COM 431294107 211 6,582 SH X 01 6,582
HILTON HOTELS CORP COM 432848109 298 17,374 SH X 01 17,374
----------
PAGE TOTAL 37,938
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 19
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
HILTON HOTELS CORP COM 432848109 22 1,259 SH X X 01 400 859
HOME DEPOT INC COM 437076102 5,058 142,528 SH X 01 136,335 2,400 3,793
HOME DEPOT INC COM 437076102 1,067 30,075 SH X X 01 2,992 24,083 3,000
HONEYWELL INTERNATIONAL INC COM 438516106 925 27,657 SH X 01 26,157 1,500
HONEYWELL INTERNATIONAL INC COM 438516106 420 12,562 SH X X 01 1,400 10,962 200
HOUSTON EXPLORATION CO COM 442120101 256 7,000 SH X 01 7,000
HUBBELL INC CL B 443510201 216 4,889 SH X 01 3,787 1,102
HUMANA INC COM 444859102 261 11,423 SH X 01 11,423
HUMANA INC COM 444859102 1 39 SH X X 01 39
HUNTINGTON BANCSHARES INC COM 446150104 687 30,523 SH X 01 30,523
HUNTINGTON BANCSHARES INC COM 446150104 9 389 SH X X 06 01 389
HUTCHINSON TECHNOLOGY INC COM 448407106 12 405 SH X 01 405
HUTCHINSON TECHNOLOGY INC COM 448407106 200 6,500 SH X X 01 6,500
IMS HEALTH INC COM 449934108 273 10,974 SH X 01 10,974
IMS HEALTH INC COM 449934108 74 2,960 SH X X 01 100 2,860
ITT INDS INC COM 450911102 458 6,168 SH X 01 6,168
ITT INDS INC COM 450911102 21 279 SH X X 01 279
IKON OFFICE SOLUTIONS INC COM 451713101 196 16,530 SH X 01 16,530
ILLINOIS TOOL WKS INC COM 452308109 4,535 54,049 SH X 01 54,049
ILLINOIS TOOL WKS INC COM 452308109 2,225 26,521 SH X X 01 3,300 23,221
IMAGING DIAGNOSTIC SYSTEMS COM 45244W100 152 148,968 SH X 01 148,968
ING GROEP N V SPONSORED ADR 456837103 108 4,615 SH X 01 4,615
ING GROEP N V SPONSORED ADR 456837103 240 10,263 SH X X 01 10,263
INTEL CORP COM 458140100 25,320 790,000 SH X 01 731,705 25,845 32,450
INTEL CORP COM 458140100 6,553 204,448 SH X X 06 01 27,722 145,326 31,400
----------
PAGE TOTAL 49,289
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 20
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
INTERACTIVE INTELLIGENCE INC COM 45839M103 69 13,180 SH X X 01 13,180
INTERACTIVECORP COM 45840Q101 1,331 39,242 SH X 01 39,242
INTERNATIONAL BUSINESS MACHS CORP 459200101 24,923 268,910 SH X 01 248,707 5,481 14,722
COM
INTERNATIONAL BUSINESS MACHS CORP 459200101 8,029 86,629 SH X X 06 01 11,560 74,469 600
COM
INTERNATIONAL FLAVORS & FRAGRANCES 459506101 484 13,861 SH X 01 13,861
INC COM
INTERNATIONAL FLAVORS & FRAGRANCES 459506101 3 86 SH X X 01 86
INC COM
INTERNATIONAL GAME TECHNOLOGY COM 459902102 879 24,634 SH X 01 22,074 2,560
INTERNATIONAL GAME TECHNOLOGY COM 459902102 18 513 SH X X 01 513
INTERNATIONAL PAPER CO COM 460146103 1,148 26,627 SH X 01 25,027 1,600
INTERNATIONAL PAPER CO COM 460146103 205 4,744 SH X X 01 1,859 2,885
ISHARES TR S&P 500 INDEX FD 464287200 6,668 59,950 SH X 01 54,600 1,200 4,150
ISHARES TR S&P 500 INDEX FD 464287200 2,536 22,800 SH X X 01 144 20,502 2,154
ISHARES TR S&P 500/BARRA GROWTH 464287309 1,120 20,140 SH X 01 20,140
INDEX FD
ISHARES TR S&P 500/BARRA GROWTH 464287309 9 170 SH X X 01 170
INDEX FD
ISHARES TR MSCI EAFE INDEX FD 464287465 6,056 44,275 SH X 01 44,145 130
ISHARES TR MSCI EAFE INDEX FD 464287465 1,320 9,650 SH X X 01 1,260 8,390
ISHARES TR RUSSELL MIDCAP GROWTH 464287481 242 3,280 SH X 01 3,280
INDEX FD
ISHARES TR S&P MIDCAP 400 INDEX FD 464287507 6,612 57,463 SH X 01 55,043 420 2,000
ISHARES TR S&P MIDCAP 400 INDEX FD 464287507 247 2,144 SH X X 01 2,144
ISHARES TR RUSSELL 1000 VALUE INDEX 464287598 506 8,672 SH X 01 8,672
FD
ISHARES TR S&P MIDCAP 400/BARRA 464287606 667 5,620 SH X 01 5,620
GROWTH INDEX FD
ISHARES TR RUSSELL 1000 INDEX FD 464287622 346 5,813 SH X 01 4,963 850
ISHARES TR RUSSELL 1000 INDEX FD 464287622 465 7,800 SH X X 01 7,800
ISHARES TR RUSSELL 2000 GROWTH INDEX 464287648 398 6,710 SH X 01 6,710
FD
ISHARES TR RUSSELL 2000 INDEX FD 464287655 4,628 41,772 SH X 01 41,692 80
----------
PAGE TOTAL 68,909
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 21
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
ISHARES TR RUSSELL 2000 INDEX FD 464287655 650 5,864 SH X X 01 1,443 4,120 301
ISHARES TR S&P MIDCAP 400/BARRA 464287705 2,498 22,630 SH X 01 22,630
VALUE INDEX FD
ISHARES TR S&P MIDCAP 400/BARRA 464287705 510 4,624 SH X X 01 988 3,636
VALUE INDEX FD
ISHARES TR DOW JONES U S TECHNOLOGY 464287721 432 8,899 SH X 01 8,899
SECTOR INDEX FD
ISHARES TR DOW JONES U S INDL SECTOR 464287754 201 4,100 SH X 01 4,100
INDEX FD
ISHARES DOW JONES US HEALTHCARE 464287762 1,134 19,898 SH X 01 19,898
SECTOR INDEX FD
ISHARES S&P SMALLCAP 600 INDEX 464287804 1,373 10,248 SH X 01 10,183 65
ISHARES S&P SMALLCAP 600 INDEX 464287804 80 600 SH X X 01 600
JDS UNIPHASE CORP COM 46612J101 240 65,976 SH X 01 65,976
JDS UNIPHASE CORP COM 46612J101 3 738 SH X X 01 738
J P MORGAN CHASE & CO COM 46625H100 8,827 240,310 SH X 01 230,163 6,488 3,659
J P MORGAN CHASE & CO COM 46625H100 881 23,977 SH X X 06 01 3,969 20,008
JEFFERSON PILOT CORP COM 475070108 301 5,942 SH X 01 5,942
JEFFERSON PILOT CORP COM 475070108 60 1,181 SH X X 01 1,056 125
JOHNSON & JOHNSON COM 478160104 22,478 435,122 SH X 01 400,344 16,996 17,782
JOHNSON & JOHNSON COM 478160104 5,549 107,410 SH X X 06 01 23,301 64,109 20,000
JOHNSON CONTROLS INC COM 478366107 5,057 43,548 SH X 01 41,224 2,324
JOHNSON CONTROLS INC COM 478366107 1,840 15,843 SH X X 01 512 14,931 400
KLA-TENCOR CORP COM 482480100 484 8,263 SH X 01 6,123 2,140
KLA-TENCOR CORP COM 482480100 3 51 SH X X 01 51
KB HOME COM 48666K109 219 3,015 SH X 01 3,015
KB HOME COM 48666K109 6 86 SH X X 01 86
KELLOGG CO COM 487836108 1,759 46,185 SH X 01 46,185
KELLOGG CO COM 487836108 5,235 137,466 SH X X 01 3,200 134,266
KENNAMETAL INC COM 489170100 3,889 97,829 SH X 01 93,874 225 3,730
----------
PAGE TOTAL 63,709
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 22
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
KENNAMETAL INC COM 489170100 227 5,720 SH X X 06 01 5,620 100
KERR MCGEE CORP COM 492386107 335 7,213 SH X 01 7,213
KERR MCGEE CORP COM 492386107 53 1,132 SH X X 06 01 1,132
KEYCORP NEW COM 493267108 1,550 52,871 SH X 01 52,471 400
KEYCORP NEW COM 493267108 17 578 SH X X 06 01 578
KEYSPAN CORP COM 49337W100 737 20,040 SH X 01 20,040
KEYSPAN CORP COM 49337W100 36 983 SH X X 06 01 983
KIMBERLY CLARK CORP COM 494368103 33,265 562,957 SH X 01 533,995 25,629 3,333
KIMBERLY CLARK CORP COM 494368103 6,125 103,649 SH X X 06 01 33,492 69,157 1,000
KINDER MORGAN ENERGY PARTNERS L P 494550106 887 18,006 SH X 01 8,006 10,000
UNIT LTD PARTNERSHIP INT
KINDER MORGAN ENERGY PARTNERS L P 494550106 472 9,580 SH X X 01 8,000 1,580
UNIT LTD PARTNERSHIP INT
KOHLS CORP COM 500255104 16,926 376,640 SH X 01 352,128 13,722 10,790
KOHLS CORP COM 500255104 2,744 61,061 SH X X 06 01 7,515 52,806 740
KROGER CO COM 501044101 711 38,432 SH X 01 38,432
KROGER CO COM 501044101 2 91 SH X X 01 91
LSI LOGIC CORPORATION COM 502161102 9 997 SH X 01 997
LSI LOGIC CORPORATION COM 502161102 133 15,000 SH X X 01 15,000
LAUDER ESTEE COS INC CL A 518439104 6,259 159,431 SH X 01 156,713 1,778 940
LAUDER ESTEE COS INC CL A 518439104 599 15,267 SH X X 01 1,435 13,832
LEE ENTERPRISES INC CL B 523768208 14,354 328,838 SH X 01 328,838
LEHMAN BROTHERS HOLDINGS INC COM 524908100 347 4,489 SH X 01 4,439 50
LEHMAN BROTHERS HOLDINGS INC COM 524908100 4 49 SH X X 01 49
LEXMARK INTL INC NEW CL A 529771107 2,760 35,095 SH X 01 34,425 670
LEXMARK INTL INC NEW CL A 529771107 160 2,036 SH X X 06 01 2,036
LILLY ELI & CO COM 532457108 9,470 134,650 SH X 01 129,690 1,056 3,904
----------
PAGE TOTAL 98,182
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 23
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
LILLY ELI & CO COM 532457108 2,493 35,452 SH X X 01 8,480 26,972
LINCOLN NATL CORP IND COM 534187109 2,011 49,822 SH X 01 49,651 171
LINCOLN NATL CORP IND COM 534187109 428 10,595 SH X X 06 01 10,595
LINEAR TECHNOLOGY CORP COM 535678106 365 8,668 SH X 01 8,668
LINEAR TECHNOLOGY CORP COM 535678106 48 1,152 SH X X 01 1,152
LIZ CLAIBORNE INC COM 539320101 663 18,686 SH X 01 18,686
LIZ CLAIBORNE INC COM 539320101 4 114 SH X X 01 114
LIZZADRO FARMS INC COM 53933A900 71 13,901 SH X 01 13,901
LOCATEPLUS HOLDINGS CL B 539570200 5 30,000 SH X 01 30,000
LOCKHEED MARTIN CORP COM 539830109 496 9,644 SH X 01 8,972 672
LOCKHEED MARTIN CORP COM 539830109 119 2,311 SH X X 01 963 1,348
LONGVIEW FIBRE CO COM 543213102 507 41,070 SH X 01 37,437 2,833 800
LOWES COS INC COM 548661107 4,333 78,236 SH X 01 74,776 1,200 2,260
LOWES COS INC COM 548661107 432 7,799 SH X X 01 920 6,879
LUCENT TECHNOLOGIES INC COM 549463107 52 18,298 SH X 01 16,850 1,448
LUCENT TECHNOLOGIES INC COM 549463107 38 13,532 SH X X 01 13,532
MAF BANCORP INC COM 55261R108 109 2,592 SH X 01 2,592
MAF BANCORP INC COM 55261R108 99 2,370 SH X X 01 2,370
MBIA INC COM 55262C100 179 3,019 SH X 01 3,019
MBIA INC COM 55262C100 300 5,059 SH X X 01 5,059
MBNA CORP COM 55262L100 645 25,968 SH X 01 21,905 4,063
MBNA CORP COM 55262L100 362 14,582 SH X X 01 14,582
MDU RES GROUP INC COM 552690109 2,715 114,020 SH X 01 73,520 40,500
MDU RES GROUP INC COM 552690109 455 19,119 SH X X 01 13,373 5,746
MGE ENERGY INC COM 55277P104 2,355 74,868 SH X 01 74,868
----------
PAGE TOTAL 19,284
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 24
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
MGE ENERGY INC COM 55277P104 82 2,610 SH X X 01 2,610
MGIC INVT CORP WIS COM 552848103 7,384 129,685 SH X 01 125,430 1,365 2,890
MGIC INVT CORP WIS COM 552848103 993 17,440 SH X X 01 1,590 15,850
MANITOWOC CO INC COM 563571108 1,033 33,107 SH X 01 33,107
MANPOWER INC WIS COM 56418H100 2,270 48,209 SH X 01 43,499 4,710
MANPOWER INC WIS COM 56418H100 88 1,860 SH X X 06 01 1,860
MARATHON OIL CORP COM 565849106 968 29,260 SH X 01 29,260
MARATHON OIL CORP COM 565849106 99 2,999 SH X X 06 01 2,999
MARCUS CORPORATION COM 566330106 332 20,250 SH X X 01 20,250
LEM HOLDING SA-REG 5716119 229 1,250 SH X X 01 1,250
MARSH & MCLENNAN COS COM 571748102 2,416 50,446 SH X 01 48,544 1,380 522
MARSH & MCLENNAN COS COM 571748102 208 4,351 SH X X 01 1,000 3,351
MARSHALL & ILSLEY CORP COM 571834100 183,869 4,807,045 SH X 01 2,277,546 44,218 2,485,281
MARSHALL & ILSLEY CORP COM 571834100 69,455 1,815,811 SH X X 06 01 92,580 719,166 1,004,065
MASCO CORP COM 574599106 662 24,162 SH X 01 24,162
MATTEL INC COM 577081102 333 17,263 SH X 01 17,263
MATTEL INC COM 577081102 1 58 SH X X 01 58
MAXIM INTEGRATED PRODUCTS COM 57772K101 316 6,378 SH X 01 6,278 100
MAXIM INTEGRATED PRODUCTS COM 57772K101 6 130 SH X X 01 130
MAY DEPT STORES CO COM 577778103 615 21,142 SH X 01 20,864 278
MAY DEPT STORES CO COM 577778103 18 605 SH X X 06 01 605
MAYTAG CORP COM 578592107 837 30,062 SH X 01 30,062
MAYTAG CORP COM 578592107 5 164 SH X X 06 01 164
MCCORMICK & CO INC COM NON VTG 579780206 249 8,277 SH X 01 8,277
MCCORMICK & CO INC COM NON VTG 579780206 6 199 SH X X 01 199
----------
PAGE TOTAL 272,474
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 25
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
MCDONALDS CORP COM 580135101 1,957 78,830 SH X 01 76,950 1,880
MCDONALDS CORP COM 580135101 1,200 48,348 SH X X 01 32,372 15,476 500
MCGRAW HILL COS INC COM 580645109 4,133 59,104 SH X 01 48,208 10,896
MCGRAW HILL COS INC COM 580645109 279 3,989 SH X X 01 3,989
MEADWESTVACO CORP COM 583334107 1,517 50,976 SH X 01 50,976
MEADWESTVACO CORP COM 583334107 665 22,351 SH X X 06 01 22,351
MEDCO HEALTH SOLUTIONS INC COM 58405U102 1,126 33,117 SH X 01 32,334 24 759
MEDCO HEALTH SOLUTIONS INC COM 58405U102 162 4,761 SH X X 01 21 4,728 12
MEDIMMUNE INC COM 584699102 3,888 153,186 SH X 01 149,526 3,660
MEDIMMUNE INC COM 584699102 285 11,215 SH X X 06 01 340 10,875
MEDTRONIC INC COM 585055106 2,688 55,299 SH X 01 49,749 58 5,492
MEDTRONIC INC COM 585055106 640 13,175 SH X X 01 1,920 11,255
MELLON FINANCIAL CORP COM 58551A108 206 6,413 SH X 01 6,413
MELLON FINANCIAL CORP COM 58551A108 91 2,847 SH X X 01 520 2,327
MERCANTILE BANCORP -QUINCY COM 58734P105 210 3,935 SH X 01 3,935
MERCHANTS FINANCIAL GROUP INC COM 588538108 206 7,104 SH X 01 4,320 2,784
MERCK & CO INC COM 589331107 32,065 694,056 SH X 01 652,729 22,189 19,138
MERCK & CO INC COM 589331107 6,033 130,583 SH X X 06 01 46,717 82,966 900
MERCURY INTERACTIVE CORP COM 589405109 295 6,071 SH X 01 6,071
MERCURY INTERACTIVE CORP COM 589405109 5 111 SH X X 01 111
MEREDITH CORP COM 589433101 248 5,081 SH X 01 5,081
MEREDITH CORP COM 589433101 6 117 SH X X 01 117
MERRILL LYNCH & CO INC COM 590188108 1,074 18,309 SH X 01 17,833 476
MERRILL LYNCH & CO INC COM 590188108 55 930 SH X X 01 400 530
METLIFE INC COM 59156R108 464 13,777 SH X 01 13,777
----------
PAGE TOTAL 59,498
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 26
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
METLIFE INC COM 59156R108 49 1,463 SH X X 01 1,463
MICHIGAN HERITAGE BANCORP INC COM 59451T106 209 20,000 SH X 01 20,000
MICROSOFT CORP COM 594918104 33,340 1,218,129 SH X 06 01 1,101,967 43,648 72,514
MICROSOFT CORP COM 594918104 5,918 216,223 SH X X 01 38,943 177,080 200
MICRON TECHNOLOGY INC COM 595112103 27 2,000 SH X 01 2,000
MICRON TECHNOLOGY INC COM 595112103 134 9,957 SH X X 01 9,957
MIDCAP SPDR TR UNIT SER 1 STANDARD & 595635103 4,962 47,077 SH X 01 47,077
POORS
MIDCAP SPDR TR UNIT SER 1 STANDARD & 595635103 1,049 9,957 SH X X 01 1,240 8,717
POORS
MINEX RES INC 603470105 1 135,000 SH X X 01 135,000
COM
MODINE MFG CO COM 607828100 16,671 617,891 SH X 01 9,505 608,386
MODINE MFG CO COM 607828100 526 19,500 SH X X 01 19,500
MOLEX INC COM 608554101 236 6,753 SH X 01 6,753
MOLEX INC COM 608554101 18 513 SH X X 01 513
MOODYS CORP COM 615369105 640 10,566 SH X 01 10,566
MOODYS CORP COM 615369105 48 793 SH X X 01 793
MORGAN STANLEY COM 617446448 7,341 126,854 SH X 01 124,036 1,390 1,428
MORGAN STANLEY COM 617446448 982 16,968 SH X X 01 920 15,048 1,000
MOTOROLA INC COM 620076109 792 56,573 SH X 01 56,573
MOTOROLA INC COM 620076109 218 15,540 SH X X 01 10,500 5,040
MURPHY OIL CORP COM 626717102 270 4,135 SH X 01 1,905 2,230
NASDAQ 100 TR UNIT SER 1 631100104 729 19,994 SH X 01 19,994
NASDAQ 100 TR UNIT SER 1 631100104 95 2,600 SH X X 01 2,600
NATCOM BANCSHARES INC COM 633318910 545 1,080 SH X 01 1,080
NATIONAL CITY CORP COM 635405103 2,666 78,547 SH X 01 77,955 592
NATIONAL CITY CORP COM 635405103 50 1,477 SH X X 06 01 1,477
----------
PAGE TOTAL 77,516
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 27
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
NATIONAL FUEL GAS CO N J COM 636180101 149 6,108 SH X 01 6,108
NATIONAL FUEL GAS CO N J COM 636180101 67 2,760 SH X X 01 1,760 1,000
NATIONAL SEMICONDUCTOR CORP COM 637640103 2,983 75,691 SH X 01 69,591 6,100
NATIONAL SEMICONDUCTOR CORP COM 637640103 79 2,009 SH X X 01 2,009
NETWORK APPLIANCE INC COM 64120L104 292 14,303 SH X 01 14,303
NETWORK APPLIANCE INC COM 64120L104 4 174 SH X X 01 174
NEWELL RUBBERMAID INC COM 651229106 691 30,359 SH X 01 27,772 2,587
NEWELL RUBBERMAID INC COM 651229106 190 8,345 SH X X 06 01 7,260 1,085
NEWMONT MNG CORP COM 651639106 344 7,067 SH X 01 7,067
NEWMONT MNG CORP COM 651639106 107 2,196 SH X X 01 2,196
NEXTEL COMMUNICATIONS INC CL A 65332V103 876 31,224 SH X 01 31,224
NEXTEL COMMUNICATIONS INC CL A 65332V103 11 390 SH X X 01 390
NIKE INC CL B 654106103 3,039 44,386 SH X 01 43,686 700
NIKE INC CL B 654106103 173 2,532 SH X X 06 01 2,532
NISOURCE INC COM 65473P105 1,053 48,006 SH X 01 48,006
NISOURCE INC COM 65473P105 29 1,318 SH X X 01 200 1,118
NOKIA CORP SPONSORED ADR 654902204 463 27,261 SH X 01 27,136 125
NOKIA CORP SPONSORED ADR 654902204 349 20,545 SH X X 01 1,200 15,025 4,320
NOBLE METAL GROUP INC COM 65506F108 5 50,000 SH X 01 50,000
NORFOLK SOUTHN CORP COM 655844108 318 13,431 SH X 01 13,431
NORFOLK SOUTHN CORP COM 655844108 11 453 SH X X 01 453
NORTEL NETWORKS CORP NEW COM 656568102 313 73,950 SH X 01 72,450 1,500
NORTH AMERN GROUP LTD COM 656867108 0 11,348 SH X 01 11,348
NORTH AMERN GROUP LTD COM 656867108 0 48 SH X X 01 48
NORTH FORK BANCORPORATION INC NY COM 659424105 96 2,372 SH X 01 2,372
----------
PAGE TOTAL 11,642
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 28
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
NORTH FORK BANCORPORATION INC NY COM 659424105 188 4,638 SH X X 01 4,638
NORTHERN TR CORP COM 665859104 316 6,832 SH X 01 6,332 500
NORTHERN TR CORP COM 665859104 93 2,000 SH X X 01 2,000
NORTHROP GRUMMAN CORP COM 666807102 3,301 34,531 SH X 01 34,181 150 200
NORTHROP GRUMMAN CORP COM 666807102 462 4,831 SH X X 01 100 4,731
NUCOR CORP COM 670346105 967 17,276 SH X 01 17,276
NUCOR CORP COM 670346105 1 21 SH X X 01 21
NVIDIA CORP COM 67066G104 244 10,508 SH X 01 10,508
NVIDIA CORP COM 67066G104 7 321 SH X X 01 321
OCCIDENTAL PETE CORP COM 674599105 1,596 37,785 SH X 01 37,785
OCCIDENTAL PETE CORP COM 674599105 181 4,277 SH X X 06 01 2,100 2,177
OLD NATL BANCORP IND COM 680033107 333 14,552 SH X 01 14,552
OLD REPUBLIC INTL CORP COM 680223104 126 4,950 SH X 01 4,950
OLD REPUBLIC INTL CORP COM 680223104 7,768 306,289 SH X X 01 306,289
OMNICOM GROUP COM 681919106 438 5,021 SH X 01 4,521 500
OMNICOM GROUP COM 681919106 24 275 SH X X 01 275
ORACLE CORP COM 68389X105 9,465 715,447 SH X 01 702,682 1,765 11,000
ORACLE CORP COM 68389X105 1,156 87,342 SH X X 06 01 6,398 80,944
OSHKOSH TRUCK CORP COM 688239201 647 12,680 SH X 01 11,066 1,614
OSHKOSH TRUCK CORP COM 688239201 1,419 27,800 SH X X 01 27,800
OUTBACK STEAKHOUSE INC COM 689899102 4,970 112,408 SH X 01 106,848 250 5,310
OUTBACK STEAKHOUSE INC COM 689899102 264 5,980 SH X X 06 01 350 5,630
PG&E CORP COM 69331C108 207 7,437 SH X 01 7,437
PG&E CORP COM 69331C108 3 91 SH X X 01 91
PNC FINL SVCS GROUP INC COM 693475105 1,600 29,242 SH X 01 28,972 270
----------
PAGE TOTAL 35,776
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 29
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
PNC FINL SVCS GROUP INC COM 693475105 74 1,350 SH X X 06 01 1,350
PPG INDS INC COM 693506107 1,641 25,625 SH X 01 25,625
PPG INDS INC COM 693506107 305 4,759 SH X X 01 4,000 759
PPL CORP COM 69351T106 596 13,624 SH X 01 13,624
PPL CORP COM 69351T106 8 188 SH X X 06 01 188
PARKER HANNIFIN CORP COM 701094104 10,574 177,713 SH X 01 173,135 873 3,705
PARKER HANNIFIN CORP COM 701094104 759 12,752 SH X X 06 01 565 12,187
PATTERSON DENTAL CO COM 703412106 201 3,147 SH X 01 3,147
PATTERSON DENTAL CO COM 703412106 26 400 SH X X 01 400
PAYCHEX INC COM 704326107 555 14,927 SH X 01 14,702 225
PAYCHEX INC COM 704326107 18 482 SH X X 01 300 182
PEOPLES ENERGY CORP COM 711030106 473 11,241 SH X 01 11,094 147
PEOPLES ENERGY CORP COM 711030106 4 105 SH X X 06 01 105
PEPSICO INC COM 713448108 13,601 291,740 SH X 01 271,423 12,503 7,814
PEPSICO INC COM 713448108 2,889 61,979 SH X X 06 01 9,445 48,904 3,630
PERKINELMER INC COM 714046109 206 12,058 SH X 01 12,058
PERKINELMER INC COM 714046109 4 210 SH X X 01 210
PFIZER INC COM 717081103 49,148 1,391,115 SH X 01 1,308,425 33,933 48,757
PFIZER INC COM 717081103 7,795 220,646 SH X X 06 01 27,676 177,170 15,800
PHOTOCHANNEL NETWORKS INC COM 719316101 20 64,800 SH X 01 64,800
PINNACLE WEST CAP CORP COM 723484101 648 16,190 SH X 01 15,890 300
PINNACLE WEST CAP CORP COM 723484101 24 600 SH X X 01 600
PITNEY BOWES INC COM 724479100 807 19,855 SH X 01 19,185 240 430
PITNEY BOWES INC COM 724479100 24 584 SH X X 06 01 584
PLUM CREEK TIMBER CO INC COM 729251108 849 27,889 SH X 01 27,667 222
----------
PAGE TOTAL 91,249
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 30
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
PLUM CREEK TIMBER CO INC COM 729251108 98 3,217 SH X X 06 01 1,600 1,617
POWELL INDS INC COM 739128106 540 28,200 SH X X 01 28,200
PRAXAIR INC COM 74005P104 321 8,392 SH X 01 6,392 2,000
PRAXAIR INC COM 74005P104 4 102 SH X X 01 102
PRINCIPAL FINANCIAL GROUP INC COM 74251V102 448 13,540 SH X 01 13,362 178
PRINCIPAL FINANCIAL GROUP INC COM 74251V102 5 164 SH X X 01 164
PROCTER & GAMBLE CO COM 742718109 18,933 189,555 SH X 01 180,669 2,052 6,834
PROCTER & GAMBLE CO COM 742718109 10,478 104,909 SH X X 06 01 11,033 93,876
PROGRESS ENERGY INC COM 743263105 1,453 32,111 SH X 01 31,881 230
PROGRESS ENERGY INC COM 743263105 38 844 SH X X 06 01 844
PROGRESSIVE CORP OH COM 743315103 650 7,771 SH X 01 7,771
PROGRESSIVE CORP OH COM 743315103 17 201 SH X X 01 201
PROTECTIVE LIFE CORP COM 743674103 214 6,329 SH X 01 6,329
PROVIDIAN FINL CORP COM 74406A102 349 29,995 SH X 01 29,995
PROVIDIAN FINL CORP COM 74406A102 7 602 SH X X 01 602
PRUDENTIAL FINL INC COM 744320102 748 17,896 SH X 01 17,896
PRUDENTIAL FINL INC COM 744320102 7 164 SH X X 01 164
PUBLIC SVC ENTERPRISE GROUP INC COM 744573106 805 18,384 SH X 01 18,384
PUBLIC SVC ENTERPRISE GROUP INC COM 744573106 25 571 SH X X 06 01 571
PULTE HOMES INC COM 745867101 256 2,737 SH X 01 2,737
PULTE HOMES INC COM 745867101 3 36 SH X X 01 36
QLOGIC CORP COM 747277101 377 7,304 SH X 01 7,304
QLOGIC CORP COM 747277101 7 143 SH X X 01 143
QUALCOMM INC COM 747525103 871 16,152 SH X 01 16,152
QUALCOMM INC COM 747525103 316 5,852 SH X X 01 5,852
----------
PAGE TOTAL 36,970
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 31
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
QUALIFIED HSG PARTNERS LTD 747527901 20 20,000 SH X 01 20,000
PARTNERSHIP
QUANTECH LTD COM NEW 74762K306 0 5,000 SH X 01 5,000
QUANTECH LTD COM NEW 74762K306 0 5,912 SH X X 01 5,912
QUEST DIAGNOSTICS INC COM 74834L100 314 4,293 SH X 01 4,293
QUEST DIAGNOSTICS INC COM 74834L100 8 111 SH X X 01 111
QWEST COMMUNICATIONS INTL COM 749121109 50 11,661 SH X 01 11,661
QWEST COMMUNICATIONS INTL COM 749121109 7 1,733 SH X X 01 1,614 119
RADIOSHACK CORP COM 750438103 3,060 99,734 SH X 01 99,734
RADIOSHACK CORP COM 750438103 26 852 SH X X 01 50 802
RAYTHEON CO COM NEW 755111507 1,084 36,082 SH X 01 36,082
RAYTHEON CO COM NEW 755111507 106 3,542 SH X X 06 01 1,920 1,622
REGAL BELOIT CORP COM 758750103 14,400 654,547 SH X 01 652,547 2,000
REGAL BELOIT CORP COM 758750103 198 9,000 SH X X 01 9,000
REGIONS FINANCIAL CORP COM 758940100 884 23,752 SH X 01 23,752
REGIONS FINANCIAL CORP COM 758940100 14 377 SH X X 06 01 377
REYNOLDS RJ TOB HLDGS INC COM 76182K105 402 6,905 SH X 01 6,905
REYNOLDS RJ TOB HLDGS INC COM 76182K105 3 60 SH X X 01 60
ROCKWELL AUTOMATION INC COM 773903109 1,699 47,732 SH X 01 46,732 1,000
ROCKWELL AUTOMATION INC COM 773903109 182 5,113 SH X X 01 300 1,113 3,700
ROCKWELL COLLINS INC COM 774341101 1,388 46,231 SH X 01 45,231 1,000
ROCKWELL COLLINS INC COM 774341101 70 2,338 SH X X 01 300 2,038
ROYAL DUTCH PETE CO N Y REGISTRY SH 780257804 7,157 136,604 SH X 01 122,339 7,115 7,150
PAR N GLDR 1.25
ROYAL DUTCH PETE CO N Y REGISTRY SH 780257804 2,021 38,580 SH X X 06 01 14,252 23,928 400
PAR N GLDR 1.25
SBC COMMUNICATIONS INC COM 78387G103 24,961 957,471 SH X 01 927,236 16,162 14,073
SBC COMMUNICATIONS INC COM 78387G103 5,233 200,729 SH X X 06 01 27,095 164,550 9,084
----------
PAGE TOTAL 63,287
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 32
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
SLM CORP COM 78442P106 333 8,836 SH X 01 8,836
SLM CORP COM 78442P106 5 141 SH X X 01 141
SPDR TR UNIT SER 1 STANDARD & POORS 78462F103 9,200 82,676 SH X 01 82,076 600
SPDR TR UNIT SER 1 STANDARD & POORS 78462F103 1,725 15,497 SH X X 01 15,497
SAFECO CORP COM 786429100 482 12,371 SH X 01 12,371
SAFECO CORP COM 786429100 8 203 SH X X 01 203
ST JOE CO COM 790148100 298 8,000 SH X 01 8,000
ST JOE CO COM 790148100 7 200 SH X X 01 200
ST JUDE MED INC COM 790849103 3,452 56,269 SH X 01 52,679 3,590
ST JUDE MED INC COM 790849103 418 6,811 SH X X 06 01 6,811
ST PAUL COS INC COM 792860108 1,042 26,269 SH X 01 26,269
ST PAUL COS INC COM 792860108 7 180 SH X X 06 01 180
SAKS INC COM 79377W108 197 13,127 SH X 01 13,127
SANMINA-SCI CORP COM 800907107 150 11,920 SH X 01 11,920
SANMINA-SCI CORP COM 800907107 6 472 SH X X 01 472
SAP AKTIENGESELLSCHAFT SPONSORED ADR 803054204 269 6,480 SH X 01 6,480
SARA LEE CORP COM 803111103 3,905 179,874 SH X 01 168,554 9,320 2,000
SARA LEE CORP COM 803111103 597 27,521 SH X X 06 01 5,600 17,621 4,300
SCHERING PLOUGH CORP COM 806605101 1,213 69,767 SH X 01 69,067 700
SCHERING PLOUGH CORP COM 806605101 498 28,643 SH X X 01 13,054 12,789 2,800
SCHLUMBERGER LTD COM 806857108 3,104 56,730 SH X 01 54,461 400 1,869
SCHLUMBERGER LTD COM 806857108 704 12,858 SH X X 06 01 1,000 11,758 100
SCIENTIFIC ATLANTA INC COM 808655104 201 7,377 SH X 01 7,377
SCIENTIFIC ATLANTA INC COM 808655104 1 26 SH X X 01 26
SCOTTISH POWER PLC ADR COM 81013T705 207 7,610 SH X 01 7,610
----------
PAGE TOTAL 28,029
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 33
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
SCOTTISH POWER PLC ADR COM 81013T705 12 449 SH X X 01 449
SEARS ROEBUCK & CO COM 812387108 1,590 34,960 SH X 01 34,760 200
SEARS ROEBUCK & CO COM 812387108 72 1,572 SH X X 06 01 500 1,072
SECTOR SPDR TR SHS BEN INT 81369Y803 460 22,595 SH X 01 22,595
TECHNOLOGY
SECURITY NATL CORP IOWA COM 814784104 613 7,051 SH X X 01 7,051
SEMPRA ENERGY COM 816851109 561 18,657 SH X 01 18,441 216
SEMPRA ENERGY COM 816851109 5 156 SH X X 06 01 156
SENSIENT TECHNOLOGIES CORP COM 81725T100 346 17,478 SH X 01 15,478 2,000
SENSIENT TECHNOLOGIES CORP COM 81725T100 173 8,750 SH X X 01 8,750
SIEMENS A G SPONSORED ADR 826197501 144 1,800 SH X 01 1,800
SIEMENS A G SPONSORED ADR 826197501 180 2,250 SH X X 01 2,250
SIGMA ALDRICH CORP COM 826552101 587 10,272 SH X 01 7,872 2,400
SIGMA ALDRICH CORP COM 826552101 35 605 SH X X 01 605
SIMON PPTY GROUP INC NEW COM 828806109 758 16,351 SH X 01 16,166 185
SIMON PPTY GROUP INC NEW COM 828806109 10 218 SH X X 06 01 218
SKYWORKS SOLUTIONS INC COM 83088M102 118 13,534 SH X 01 13,534
SMITH (A.O.) CORP COM 831865209 191 5,442 SH X 01 5,442
SMITH (A.O.) CORP COM 831865209 280 8,000 SH X X 01 8,000
SMUCKER J M CO COM NEW 832696405 21 463 SH X 01 463
SMUCKER J M CO COM NEW 832696405 296 6,544 SH X X 01 6,544
SNAP ON INC COM 833034101 44 1,364 SH X 01 1,364
SNAP ON INC COM 833034101 275 8,525 SH X X 01 8,525
SOLECTRON CORP COM 834182107 75 12,750 SH X 01 12,750
SOLECTRON CORP COM 834182107 12 2,000 SH X X 01 2,000
SOUTHERN CO COM 842587107 2,641 87,313 SH X 01 85,410 1,200 703
----------
PAGE TOTAL 9,499
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 34
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
SOUTHERN CO COM 842587107 424 14,014 SH X X 06 01 4,702 4,542 4,770
SOUTHTRUST CORP COM 844730101 395 12,054 SH X 01 11,454 600
SOUTHTRUST CORP COM 844730101 46 1,416 SH X X 01 1,416
SOUTHWEST AIRLS CO COM 844741108 211 13,057 SH X 01 13,057
SOUTHWEST AIRLS CO COM 844741108 4 229 SH X X 01 229
SOUTHWESTERN ENERGY CO COM 845467109 370 15,462 SH X 01 15,462
SOVEREIGN BANCORP INC COM 845905108 748 31,502 SH X 01 31,502
SPANISH BROADCASTING SYS CL A 846425882 115 10,930 SH X 01 10,930
SPLUDE FAMILY LTD PARTNERSHIP 848458907 3,300 1,320,000 SH X 01 1,320,000
SPIRIT ENERGY CORP COM 84856R109 32 19,333 SH X 01 19,333
SPRINT CORP COM 852061100 1,307 79,599 SH X 01 79,201 398
SPRINT CORP COM 852061100 118 7,157 SH X X 06 01 7,157
STANLEY WKS COM 854616109 257 6,798 SH X 01 6,798
STANLEY WKS COM 854616109 2 51 SH X X 06 01 51
STAPLES INC COM 855030102 376 13,782 SH X 01 13,782
STAPLES INC COM 855030102 7 253 SH X X 01 253
STARBUCKS CORP COM 855244109 405 12,209 SH X 01 12,209
STARBUCKS CORP COM 855244109 11 338 SH X X 01 338
STELAX INDUSTRIES LTD COM 858497100 4 30,000 SH X 01 30,000
STERLING FINL CORP COM 859317109 458 16,508 SH X 01 16,508
STORA ENSO CORP SPONSORED ADR REPSTG 86210M106 1,156 85,283 SH X 01 85,283
SER R SHS
STORA ENSO CORP SPONSORED ADR REPSTG 86210M106 9 671 SH X X 01 671
SER R SHS
STRYKER CORP COM 863667101 536 6,302 SH X 01 6,302
STRYKER CORP COM 863667101 641 7,538 SH X X 01 7,538
SULLIFAM LIMITED PARTNERSHIP 86490A905 800 1 SH X 01 1
50.3013%
----------
PAGE TOTAL 11,732
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 35
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
SUN LIFE FINL INC COM 866796105 344 13,749 SH X 01 13,749
SUN MICROSYSTEMS INC COM 866810104 94 21,069 SH X 01 21,069
SUN MICROSYSTEMS INC COM 866810104 38 8,400 SH X X 01 700 7,700
SUNOCO INC COM 86764P109 209 4,087 SH X 01 4,087
SUNOCO INC COM 86764P109 7 140 SH X X 01 140
SUNTRUST BKS INC COM 867914103 455 6,364 SH X 01 6,364
SUNTRUST BKS INC COM 867914103 63 882 SH X X 01 800 82
SYMANTEC CORP COM 871503108 516 14,969 SH X 01 14,969
SYMANTEC CORP COM 871503108 6 162 SH X X 01 162
SYSCO CORP COM 871829107 816 21,907 SH X 01 14,857 7,050
SYSCO CORP COM 871829107 170 4,569 SH X X 01 760 3,809
TCF FINL CORP COM 872275102 453 8,819 SH X 01 319 8,500
TCF FINL CORP COM 872275102 49 960 SH X X 01 960
TECO ENERGY INC COM 872375100 270 18,770 SH X 01 13,770 5,000
TECO ENERGY INC COM 872375100 12 800 SH X X 01 800
TJX COS INC NEW COM 872540109 275 12,455 SH X 01 12,205 250
TJX COS INC NEW COM 872540109 23 1,028 SH X X 01 800 228
TAIWAN SEMICONDUCTOR MFG CO LTD 874039100 184 17,975 SH X 01 17,975
SPONSORED ADR
TARGET CORP COM 87612E106 1,923 50,068 SH X 01 50,068
TARGET CORP COM 87612E106 1,446 37,648 SH X X 01 23,200 14,448
TECUMSEH PRODS CO CL A 878895200 3 71 SH X 01 71
TECUMSEH PRODS CO CL A 878895200 267 5,506 SH X X 01 5,506
TEXAS INSTRUMENTS INC COM 882508104 1,351 45,996 SH X 01 43,352 2,644
TEXAS INSTRUMENTS INC COM 882508104 701 23,857 SH X X 01 2,000 21,857
TEXTRON INC COM 883203101 203 3,564 SH X 01 3,564
----------
PAGE TOTAL 9,878
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 36
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
THERMO ELECTRON CORP COM 883556102 210 8,322 SH X 01 8,322
THERMO ELECTRON CORP COM 883556102 1 59 SH X X 01 59
THIRD WAVE TECHNOLOGIES INC COM 88428W108 7 1,500 SH X 01 1,500
THIRD WAVE TECHNOLOGIES INC COM 88428W108 100 22,000 SH X X 01 22,000
3M CO COM 88579Y101 25,960 305,306 SH X 01 300,123 2,433 2,750
3M CO COM 88579Y101 5,481 64,457 SH X X 06 01 9,762 53,095 1,600
TIFFANY & CO NEW COM 886547108 274 6,056 SH X 01 6,056
TIFFANY & CO NEW COM 886547108 1 24 SH X X 01 24
TIME WARNER INC NEW COM 887317105 19,374 1,076,943 SH X 01 1,068,378 8,565
TIME WARNER INC NEW COM 887317105 750 41,715 SH X X 01 175 41,432 108
TOOTSIE ROLL INDS INC COM 890516107 67 1,848 SH X 01 1,848
TOOTSIE ROLL INDS INC COM 890516107 296 8,215 SH X X 01 8,215
TORCHMARK CORP COM 891027104 337 7,410 SH X 01 7,410
TORCHMARK CORP COM 891027104 7 150 SH X X 01 150
TRANSTEXAS GAS CORP COM 893895102 3 10,000 SH X 01 10,000
TRAVELERS PROPERTY CASUALTY CL B 89420G406 232 13,692 SH X 01 13,692
TRAVELERS PROPERTY CASUALTY CL B 89420G406 5 300 SH X X 01 300
TRI CITY BANKSHARES CORP COM 895364107 222 8,880 SH X 01 8,880
TRI CITY BANKSHARES CORP COM 895364107 1,008 40,335 SH X X 01 40,335
TRIBUNE CO NEW COM 896047107 377 7,303 SH X 01 7,303
TRIBUNE CO NEW COM 896047107 408 7,911 SH X X 01 7,911
TUPPERWARE CORP COM 899896104 691 39,844 SH X 01 34,344 5,500
TUPPERWARE CORP COM 899896104 573 33,073 SH X X 01 18,568 14,505
TYCO INTL LTD COM 902124106 1,038 39,166 SH X 01 39,166
TYCO INTL LTD COM 902124106 520 19,637 SH X X 01 19,637
----------
PAGE TOTAL 57,942
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 37
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
UST INC COM 902911106 576 16,152 SH X 01 16,152
UST INC COM 902911106 77 2,146 SH X X 01 2,000 146
US BANCORP DEL COM NEW 902973304 11,560 388,169 SH X 01 375,828 4,020 8,321
US BANCORP DEL COM NEW 902973304 3,526 118,394 SH X X 06 01 28,297 90,097
UNION PACIFIC CORP COM 907818108 1,168 16,805 SH X 01 13,035 2,770 1,000
UNION PACIFIC CORP COM 907818108 241 3,462 SH X X 01 700 1,996 766
UNION PLANTERS CORP COM 908068109 618 19,611 SH X 01 19,422 189
UNION PLANTERS CORP COM 908068109 7 229 SH X X 06 01 229
UNIONFED FINL CORP COM NEW 909062200 0 3,000 SH X 01 3,000
UNIONFED FINL CORP COM NEW 909062200 0 9,000 SH X X 01 9,000
UNITED PARCEL SERVICES CL B 911312106 8,071 108,260 SH X 01 106,010 100 2,150
UNITED PARCEL SERVICES CL B 911312106 35 472 SH X X 01 472
UNITED TECHNOLOGIES CORP COM 913017109 2,760 29,119 SH X 01 28,005 600 514
UNITED TECHNOLOGIES CORP COM 913017109 869 9,173 SH X X 01 2,000 5,173 2,000
UNITEDHEALTH GROUP INC COM 91324P102 1,050 18,043 SH X 01 18,043
UNITEDHEALTH GROUP INC COM 91324P102 18 316 SH X X 01 316
UNIVERSAL HEALTH SVCS INC CL B 913903100 201 3,734 SH X 01 3,734
UNIVISION COMMUNICATIONS INC CL A 914906102 225 5,669 SH X 01 3,659 2,010
UNIVISION COMMUNICATIONS INC CL A 914906102 13 331 SH X X 01 331
VF CORP COM 918204108 864 19,982 SH X 01 19,982
VF CORP COM 918204108 53 1,224 SH X X 01 1,224
VERIZON COMMUNICATIONS COM 92343V104 21,057 600,251 SH X 01 588,912 2,983 8,356
VERIZON COMMUNICATIONS COM 92343V104 2,834 80,799 SH X X 06 01 12,468 64,944 3,387
VERITAS SOFTWARE CORP COM 923436109 157 4,238 SH X 01 3,888 350
VERITAS SOFTWARE CORP COM 923436109 151 4,069 SH X X 01 4,069
----------
PAGE TOTAL 56,131
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 38
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
VIACOM INC CL B 925524308 2,618 58,989 SH X 01 57,644 374 971
VIACOM INC CL B 925524308 350 7,879 SH X X 01 1,268 6,611
VISHAY INTERTECHNOLOGY INC COM 928298108 251 10,972 SH X 01 10,972
VISHAY INTERTECHNOLOGY INC COM 928298108 3 130 SH X X 01 130
VODAFONE GROUP PLC-SP ADR 92857W100 715 28,555 SH X 01 28,555
VODAFONE GROUP PLC-SP ADR 92857W100 113 4,505 SH X X 01 600 3,435 470
WPS RES CORP COM 92931B106 1,704 36,853 SH X 01 35,809 700 344
WPS RES CORP COM 92931B106 431 9,330 SH X X 01 4,000 4,930 400
WACHOVIA CORP COM 929903102 5,353 114,894 SH X 01 114,894
WACHOVIA CORP COM 929903102 170 3,650 SH X X 06 01 3,650
WAL MART STORES INC COM 931142103 17,986 339,045 SH X 01 311,752 13,457 13,836
WAL MART STORES INC COM 931142103 3,929 74,053 SH X X 06 01 8,972 62,881 2,200
WALGREEN CO COM 931422109 15,396 423,187 SH X 01 397,707 2,307 23,173
WALGREEN CO COM 931422109 5,580 153,377 SH X X 06 01 42,305 111,072
WASHINGTON MUT INC COM 939322103 3,945 98,326 SH X 01 97,436 890
WASHINGTON MUT INC COM 939322103 45 1,114 SH X X 06 01 1,114
WAUSAU-MOSINEE PAPER CORP COM 943315101 3,007 222,433 SH X 01 222,433
WAUSAU-MOSINEE PAPER CORP COM 943315101 4,485 331,724 SH X X 01 301,693 30,031
WEINGARTEN RLTY INVS SH BEN INT 948741103 264 5,950 SH X 01 5,950
WEINGARTEN RLTY INVS SH BEN INT 948741103 15 333 SH X X 01 333
WELLPOINT HEALTH NETWORKS INC NEW 94973H108 373 3,843 SH X 01 3,843
COM
WELLPOINT HEALTH NETWORKS INC NEW 94973H108 8 81 SH X X 01 81
COM
WELLS FARGO CO COM 949746101 23,384 397,086 SH X 01 375,994 2,299 18,793
WELLS FARGO CO COM 949746101 2,958 50,233 SH X X 06 01 6,132 43,101 1,000
WEST SUBN BANCORP INC COM 956152409 477 793 SH X 01 793
----------
PAGE TOTAL 93,560
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 39
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
WEYERHAEUSER CO COM 962166104 10,026 156,660 SH X 01 151,991 1,579 3,090
WEYERHAEUSER CO COM 962166104 1,902 29,714 SH X X 01 10,535 19,149 30
WHIRLPOOL CORP COM 963320106 357 4,914 SH X 01 914 4,000
WHIRLPOOL CORP COM 963320106 684 9,411 SH X X 01 9,411
WHITEHALL JEWELLERS INC COM 965063100 197 20,000 SH X 01 20,000
WILLIAMS COS INC COM 969457100 162 16,504 SH X 01 16,104 400
WILLIAMS COS INC COM 969457100 60 6,105 SH X X 01 6,105
WISCONSIN ENERGY CORP COM 976657106 4,395 131,388 SH X 01 127,836 2,652 900
WISCONSIN ENERGY CORP COM 976657106 1,381 41,284 SH X X 01 5,558 31,335 4,391
WIZZARD SOFTWARE CORP COM 97750V109 13 10,000 SH X 01 10,000
WORLDWIDE WIRELESS NETWORKS COM 981608201 0 10,000 SH X 01 10,000
WRIGLEY WM JR CO COM 982526105 1,145 20,366 SH X 01 20,366
WRIGLEY WM JR CO COM 982526105 949 16,877 SH X X 01 1,300 15,577
WYETH COM 983024100 8,425 198,477 SH X 01 193,877 4,600
WYETH COM 983024100 2,664 62,748 SH X X 01 6,975 55,773
XTO ENERGY INC COM 98385X106 22 783 SH X 01 783
XTO ENERGY INC COM 98385X106 314 11,082 SH X X 01 11,082
XCEL ENERGY INC COM 98389B100 855 50,340 SH X 01 47,376 2,964
XCEL ENERGY INC COM 98389B100 112 6,579 SH X X 06 01 744 5,835
XEROX CORP COM 984121103 298 21,565 SH X 01 21,165 400
XEROX CORP COM 984121103 44 3,168 SH X X 01 3,168
YAHOO INC COM 984332106 579 12,855 SH X 01 12,855
YAHOO INC COM 984332106 23 514 SH X X 01 514
YUM BRANDS INC COM 988498101 171 4,957 SH X 01 4,957
YUM BRANDS INC COM 988498101 85 2,476 SH X X 01 600 1,614 262
----------
PAGE TOTAL 34,863
REPORT PTR289 98 MARSHALL & ILSLEY TRUST CO N.A. SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 40
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
ZIEGLER COMPANIES INC COM 989506100 14 1,000 SH X 01 1,000
ZIEGLER COMPANIES INC COM 989506100 2,403 168,605 SH X X 01 109,504 59,101
ZIMMER HOLDINGS INC W/I COM 98956P102 6,868 97,550 SH X 01 94,650 2,900
ZIMMER HOLDINGS INC W/I COM 98956P102 863 12,255 SH X X 06 01 270 11,905 80
ACCELERATED HIGH YIELD INSTITUTIONAL 9960059T3 65 65,000 SH X 01 65,000
INVESTORS LTD
----------
PAGE TOTAL 10,213
----------
FINAL TOTALS 2,172,940
==========
REPORT PTR289 9W M&I INVESTMENT MANAGEMENT CORP SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 1
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
02MICRO INTERNATIONAL LTD G6797E106 533 23,700 SH X 05 23,700
SCOTTISH RE GROUP LTD G7885T104 783 37,700 SH X 05 37,700
XOMA LTD G9825R107 726 110,000 SH X 05 110,000
ASE TEST LIMITED Y02516105 482 32,200 SH X 05 32,200
AMC ENTERTAINMENT INC COM 001669100 479 31,500 SH X 05 31,500
ABBOTT LABORATORIES COM 002824100 214 4,600 SH X 05 4,600
ALCOA INC COM 013817101 217 5,700 SH X 05 5,700
ALLIANCE ATLANTIS COMMUNIC B COM 01853E204 939 61,800 SH X 05 61,800
ANDRX CORP DEL ANDRX GROUP COM 034553107 570 23,700 SH X 05 23,700
APPLIED MATLS INC COM 038222105 211 9,400 SH X 05 9,400
AVOCENT CORP COM 053893103 690 18,900 SH X 05 18,900
CALIFORNIA PIZZA KITCHEN INC COM 13054D109 733 36,400 SH X 05 36,400
CELL GENESYS INC COM 150921104 202 15,800 SH X 05 15,800
CHEVRON TEXACO CORP COM 166764100 252 2,920 SH X 05 2,920
CITIGROUP INC COM 172967101 267 5,500 SH X 05 5,500
CITY NATL CORP COM 178566105 491 7,900 SH X 05 7,900
COOPER COS INC COM NEW 216648402 443 9,400 SH X 05 9,400
COVANCE INC COM 222816100 504 18,800 SH X 05 18,800
CRAY INC COM 225223106 390 39,300 SH X 05 39,300
CULLEN FROST BANKERS INC COM 229899109 446 11,000 SH X 05 11,000
CYMER INC COM 232572107 501 10,850 SH X 05 10,850
DIGITAL INSIGHT CORP COM 25385P106 513 20,600 SH X 05 20,600
EDWARDS LIFESCIENCES CORP COM 28176E108 504 16,750 SH X 05 16,750
ENTEGRIS INC COM 29362U104 565 44,000 SH X 05 44,000
EXTENDED STAY AMERICA INC COM 30224P101 526 36,300 SH X 05 36,300
----------
PAGE TOTAL 12,181
REPORT PTR289 9W M&I INVESTMENT MANAGEMENT CORP SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 2
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
EXTREME NETWORKS INC COM 30226D106 509 70,600 SH X 05 70,600
EXXON MOBIL CORP COM 30231G102 295 7,200 SH X 05 7,200
FEDERAL HOME LN MTG CORP COM 313400301 210 3,600 SH X 05 3,600
GENERAL ELEC CO COM 369604103 403 13,000 SH X 05 13,000
GILLETTE CO COM 375766102 220 6,000 SH X 05 6,000
GUIDANT CORP COM 401698105 205 3,400 SH X 05 3,400
GYMBOREE CORP COM 403777105 600 34,800 SH X 05 34,800
HOLLIS-EDEN PHARMACEUTICALS COM 435902101 361 32,800 SH X 05 32,800
ICU MEDICAL INC COM 44930G107 645 18,800 SH X 05 18,800
INGRAM MICRO INC CL A 457153104 854 53,700 SH X 05 53,700
INTEGRATED DEVICE TECHNOLOGY INC COM 458118106 543 31,600 SH X 05 31,600
INTEL CORP COM 458140100 321 10,000 SH X 05 10,000
INVERESK RESEARCH GROUP INC COM 461238107 467 18,900 SH X 05 18,900
JOHNSON & JOHNSON COM 478160104 207 4,000 SH X 05 4,000
JOURNAL COMMUNICATIONS INC COM 481132108 232 5,880 SH X 05 5,880
KOHLS CORP COM 500255104 234 5,200 SH X 05 5,200
KOMAG INC COM NEW 500453204 565 38,700 SH X 05 38,700
LANDRYS RESTAURANTS INC COM 51508L103 1,222 47,500 SH X 05 47,500
LAUDER ESTEE COS INC CL A 518439104 232 5,900 SH X 05 5,900
LAWSON SOFTWARE INC COM 520780107 589 71,000 SH X 05 71,000
LEAPFROG ENTERPRISES INC CL A 52186N106 340 12,800 SH X 05 12,800
MGIC INVT CORP WIS COM 552848103 216 3,800 SH X 05 3,800
MANHATTAN ASSOCS INC COM 562750109 608 22,000 SH X 05 22,000
MARVEL ENTERPRISES INC COM 57383M108 349 12,000 SH X 05 12,000
MICROSOFT CORP COM 594918104 394 14,400 SH X 05 14,400
----------
PAGE TOTAL 10,821
REPORT PTR289 9W M&I INVESTMENT MANAGEMENT CORP SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 3
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
MIKOHN GAMING CORP COM 59862K108 396 87,892 SH X 05 87,892
NETSCREEN TECHNOLOGIES INC COM 64117V107 542 21,900 SH X 05 21,900
O CHARLEYS INC COM 670823103 682 38,000 SH X 05 38,000
ORACLE CORP COM 68389X105 159 12,000 SH X 05 12,000
OVERLAND STORAGE INC COM 690310107 468 24,900 SH X 05 24,900
PEREGRINE SYS INC COM NEW 71366Q200 477 24,800 SH X 05 24,800
PFIZER INC COM 717081103 324 9,160 SH X 05 9,160
PIONEER NAT RES CO COM 723787107 549 17,200 SH X 05 17,200
POSSIS MEDICAL INC 737407106 559 28,300 SH X 05 28,300
PROTECTIVE LIFE CORP COM 743674103 643 19,000 SH X 05 19,000
QUICKSILVER RESOURCES INC COM 74837R104 352 10,900 SH X 05 10,900
REMINGTON OIL & GAS CORP COM 759594302 431 21,900 SH X 05 21,900
ROTO-ROOTER INC NEW COM 778787101 479 10,400 SH X 05 10,400
ROWAN COS INC COM 779382100 433 18,700 SH X 05 18,700
RUBY TUESDAY INC COM 781182100 541 19,000 SH X 05 19,000
SELECT COMFORT CORP OC-CAP STK 81616X103 540 21,800 SH X 05 21,800
SERENA SOFTWARE INC COM 817492101 798 43,500 SH X 05 43,500
SINCLAIR BROADCAST GROUP INC CL A 829226109 641 42,800 SH X 05 42,800
SOUTHWEST BANCORPORATION TEX INC COM 84476R109 431 11,100 SH X 05 11,100
SPANISH BROADCASTING SYS CL A 846425882 1,158 109,800 SH X 05 109,800
TTM TECHNOLOGIES INC COM 87305R109 797 47,200 SH X 05 47,200
TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 1,092 37,900 SH X 05 37,900
TRIAD HOSPS INC COM 89579K109 472 14,200 SH X 05 14,200
VARCO INTERNATIONAL INC COM 922122106 419 20,300 SH X 05 20,300
VARIAN SEMICONDUCTOR EQUIP COM 922207105 749 17,100 SH X 05 17,100
----------
PAGE TOTAL 14,132
REPORT PTR289 9W M&I INVESTMENT MANAGEMENT CORP SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 4
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
WAL MART STORES INC COM 931142103 281 5,300 SH X 05 5,300
ZOLL MED CORP COM 989922109 556 15,700 SH X 05 15,700
----------
PAGE TOTAL 837
----------
FINAL TOTALS 37,971
==========
REPORT PTR289 7R M&I NATIONAL TRUST SECURITIES AND EXCHANGE COMMISSION FORM 13-F 01/22/04 PAGE 1
AS OF 12/31/03
- - - - - COLUMN 1 AND 2 - - - - - - COLUMN 3 - COLUMN 4 - - -COLUMN 5 - - - - COLUMN 6- - COLUMN 7- - - - - - COLUMN 8- - - - -
INVESTMENT
MARKET DISCRETION VOTING AUTHORITY
VALUE SHS OR SH/ PUT/ SOLE SHR OTHER SOLE SHARED NONE
ISSUER AND TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL (A) (B) (C) MANAGERS (A) (B) (C)
NO REPORT RECORDS EXIST FOR THIS REQUEST