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 Notes to Consolidated Financial Statements
NOTE 5–AVAILABLE-FOR-SALE SECURITIES
The following is a summary of available-for-sale securities at December 31:
2000  1999  Gross Gross Gross Gross Amortized Unrealized Unrealized Carrying Amortized Unrealized Unrealized Carrying (In thousands) Cost Gains Losses Amount Cost Gains Losses Amount U.S. Treasury and federal agency securities $ 124,470  $ 4,336  $ 497  $ 128,309  $ 328,318  $ 456  $ 11,703  $ 317,071  Mortgage-backed securities 1,242,565  17,719  2,048  1,258,236  5,239,298  4,926  140,668  5,103,556  State, county and municipal securities 65,842  1,426  399  66,869  74,219  702  1,206  73,715  Other debt securities 125,082  -0- 160  124,922  106,994  -0- 5,378  101,616  Equity securities 339,360  22  8,801  330,581  397,541  58  28,854  368,745  $ 1,897,319  $ 23,503  $ 11,905  $ 1,908,917  $ 6,146,370  $ 6,142  $ 187,809  $ 5,964,703
The carrying amount and amortized cost of available-for-sale securities by maturity at December 31, 2000, are as follows:
Amortized Carrying (In thousands) Cost Amount Due within 1 year $ 112,250  $ 113,111  Due after 1 year through 5 years 97,048  96,777  Due after 5 years through 10 years 71,464  74,209  Due after 10 years 34,632  36,003  Mortgage-backed securities 1,242,565  1,258,236  Equity securities 339,360  330,581  $ 1,897,319  $ 1,908,917
In 2000, 1999 and 1998, AmSouth realized gross gains of $10,784,000, $32,672,000 and $20,529,000, respectively, and gross losses of $106,085,000, $21,280,000 and $4,430,000, respectively, on sales of available-for-sale securities.	Equity securities included $327.9 million and $265.8 million in amortized cost related to Federal Reserve Bank stock and Federal Home Loan Bank stock as of December 31, 2000 and 1999, respectively.