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
Consumer Commercial Wealth Treasury & (In thousands) Banking Banking Management Other Total 2000  Net interest income from external customers $ 435,909  $ 799,757  $ (1,059) $ 144,496  $ 1,379,103  Internal funding 516,064  (387,066) 3,874  (132,872) -0- Net interest income 951,973  412,691  2,815  11,624  1,379,103  Noninterest revenues 322,261  89,249  204,712  53,272  669,494  Total revenues 1,274,234  501,940  207,527  64,896  2,048,597  Provision for loan losses 96,454  27,896  -0- 103,250  227,600  Noninterest expenses 691,058  159,559  145,098  370,720  1,366,435  Income/(loss) before income taxes 486,722  314,485  62,429  (409,074) 454,562  Income taxes 183,088  118,185  23,465  (199,303) 125,435  Segment net income/(loss) $ 303,634  $ 196,300  $ 38,964  $ (209,771) $ 329,127  Average assets $ 15,516,752  $ 12,407,911  $ 42,106  $ 13,893,402  $ 41,860,171  1999  Net interest income from external customers $ 357,541  $ 857,754  $ (807) $ 293,456  $ 1,507,944  Internal funding 605,462  (416,003) 1,407  (190,866) -0- Net interest income 963,003  441,751  600  102,590  1,507,944  Noninterest revenues 334,055  90,481  183,012  240,012  847,560  Total revenues 1,297,058  532,232  183,612  342,602  2,355,504  Provision for loan losses 81,524  21,382  -0- 62,720  165,626  Noninterest expenses 759,736  189,484  127,462  571,825  1,648,507  Income/(loss) before income taxes 455,798  321,366  56,150  (291,943) 541,371  Income taxes 171,495  120,606  21,063  (112,261) 200,903  Segment net income/(loss) $ 284,303  $ 200,760  $ 35,087  $ (179,682) $ 340,468  Average assets $ 15,011,516  $ 12,614,240  $ 49,512  $ 14,141,972  $ 41,817,240  1998  Net interest income from external customers $ 236,757  $ 874,813  $ (2,498) $ 335,212  $ 1,444,284  Internal funding 666,019  (434,328) 4,619  (236,310) -0- Net interest income 902,776  440,485  2,121  98,902  1,444,284  Noninterest revenues 321,544  81,392  164,697  232,221  799,854  Total revenues 1,224,320  521,877  166,818  331,123  2,244,138  Provision for loan losses 59,240  24,399  -0- 15,428  99,067  Noninterest expenses 735,661  184,728  114,536  371,347  1,406,272  Income/(loss) before income taxes 429,419  312,750  52,282  (55,652) 738,799  Income taxes 161,462  117,594  19,658  (33,989) 264,725  Segment net income/(loss) $ 267,957  $ 195,156  $ 32,624  $ (21,663) $ 474,074  Average assets $ 14,062,287  $ 11,978,548  $ 40,366  $ 12,759,034  $ 38,840,235