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
At December 31, 2000, for income tax purposes, AmSouth had federal tax credit carryforwards of $25.2 million, of which $21.0 million are AMT tax credit carryforwards. The AMT tax credit carryforwards have no expiration date. The other federal tax credit carryforwards expire in 2010. AmSouth also had a deferred state tax asset of $20.1 million resulting from net operating loss carryforwards. These carryforwards begin expiring in 2005, with the last one expiring in 2020. There was no valuation allowance recorded in 2000 because it is more likely than not that all deferred tax assets will be realized.	Income taxes (refunded)/paid were $(5,927,000), $187,887,000 and $135,324,000 for the years ended December 31, 2000, 1999 and 1998, respectively. Applicable income tax (benefit)/expense of $(35,833,000), $4,283,000 and $6,053,000 on securities gains and losses for the years ended December 31, 2000, 1999 and 1998, respectively, is included in the provision for income taxes.
NOTE 21–OTHER NONINTEREST REVENUES AND OTHER NONINTEREST EXPENSES
The components of other noninterest revenues and other noninterest expenses are as follows:
Years Ended December 31  (In thousands) 2000  1999  1998  Other noninterest revenues: Interchange income $ 50,154  $ 46,526  $ 36,411  Bank-owned life insurance policies 48,794  31,161  17,385  Gains on sales of businesses 19,959  8,624  32,687  (Loss)/gains on sales of available-for-sale securities (95,301) 11,392  16,099  Other portfolio (loss)/income (9,966) 9,956  10,217  Mortgage income 18,019  45,027  39,667  Other 94,829  139,314  119,255  $ 126,488  $ 292,000  $ 271,721  Other noninterest expenses: Postage and office supplies $ 49,721  $ 47,960  $ 48,299  Communications 41,246  36,691  37,720  Amortization of intangibles 37,589  40,305  40,211  Marketing 37,408  42,420  39,905  Other 187,300  220,419  202,467  $ 353,264  $ 387,795  $ 368,602