2000 Annual Report Contents... Front Cover Introduction Letter to Shareholders Strategic Overview 2000 Financial Information Management's Discussion & Analysis Management's Statement on Reporting Report of Independent Auditors Consolidated Statement of Condition Consolidated Statement of Earnings Consolidated Statement of Shareholder's Equity Consolidated Statement of Cash Flows Notes to Consolidated Financial Statements Board of Directors Management Committee Emeritus Board of Directors Corporate Information Back Cover

AmSouth Bancorporation and Subsidiaries CONSOLIDATED STATEMENT OF SHAREHOLDER'S EQUITY
Deferred Accumulated Compensation Other Common Capital Retained Treasury On Restricted Comprehensive (In thousands) Stock Surplus Earnings Stock Stock Income (loss) Total BALANCE AT JANUARY 1, 1998  $ 412,450  $ 732,662  $ 2,145,248  $ (268,019) $ (22,537) $ 29,334  $ 3,029,138  Comprehensive income: Net income -0- -0- 474,074  -0- -0- -0- 474,074  Other comprehensive income, net of tax: Changes in unrealized gains and losses on securities, net of reclassification adjustment (net $18,086 tax benefit) -0- -0- -0- -0- -0- (17,322) (17,322) Comprehensive income 456,752  Cash dividends declared -0- -0- (101,563) -0- -0- -0- (101,563) Cash dividends declared by pooled companies -0- -0- (93,997) -0- -0- -0- (93,997) Common stock transactions: Special rights and warrants -0- (355) -0- -0- -0- -0- (355) Employee stock plans 2,598  44,915  (11,409) 32,603  (17,516) -0- 51,191  Dividend reinvestment plan -0- 631  (66) 4,644  -0- -0- 5,209  Purchase of common stock (2,266) (63,109) (9) (136,514) -0- -0- (201,898) Acquisitions 7,276  48,373  7,280  -0- -0- 18  62,947  BALANCE AT DECEMBER 31, 1998  420,058  763,117  2,419,558  (367,286) (40,053) 12,030  3,207,424  Comprehensive income: Net income -0- -0- 340,468  -0- -0- -0- 340,468  Other comprehensive income, net of tax: Changes in unrealized gains and losses on securities, net of reclassification adjustment (net $74,014 tax benefit) -0- -0- -0- -0- -0- (260,879) (260,879) Comprehensive income 79,589  Cash dividends declared -0- -0- (163,395) -0- -0- -0- (163,395) Cash dividends declared by pooled companies -0- -0- (94,305) -0- -0- -0- (94,305) Common stock transactions: Employee stock plans 808  10,998  (18,647) 63,081  34,215  -0- 90,455  Dividend reinvestment -0- 107  (1,202) 7,007  -0- -0- 5,912  Purchase of common stock (3,917) (83,402) -0- (79,156) -0- -0- (166,475) BALANCE AT DECEMBER 31, 1999  416,949  690,820  2,482,477  (376,354) (5,838) (248,849) 2,959,205  Comprehensive income: Net income -0- -0- 329,127  -0- -0- -0- 329,127  Other comprehensive income, net of tax: Changes in unrealized gains and losses on securities, net of reclassification adjustment (net $45,012 tax expense) -0- -0- -0- -0- -0- 141,299  141,299  Comprehensive income 470,426  Cash dividends declared -0- -0- (307,221) -0- -0- -0- (307,221) Common stock transactions: Employee stock plans (8) 857  (29,526) 83,603  3,457  -0- 58,383  Dividend reinvestment -0- -0- (8,809) 17,245  -0- -0- 8,436  Purchase of common stock -0- -0- -0- (375,822) -0- -0- (375,822) BALANCE AT DECEMBER 31, 2000  $ 416,941  $ 691,677  $ 2,466,048  $ (651,328) $ (2,381) $ (107,550) $ 2,813,407  Disclosure of 2000 reclassification amount: Unrealized holding gains on securities arising during the period $ 59,974  Less: Reclassification adjustment for losses realized in net income (81,325) Net unrealized gains on securities, net of tax $ 141,299  See Notes to Consolidated Financial Statements.