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 25–QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
Selected quarterly results of operations for the four quarters ended December 31 are as follows:
2000  1999  (In thousands except Fourth Third Second First Fourth Third Second First per share data) Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter Interest income $ 720,097  $ 782,670  $ 784,961  $ 782,698  $ 775,339  $ 749,009  $ 714,438  $ 693,962  Interest expense 399,981  444,892  432,325  414,125  394,079  368,662  336,889  325,173  Net interest income 320,116  337,778  352,636  368,573  381,260  380,347  377,549  368,789  Provision for loan losses 55,600  123,800  22,800  25,400  97,700  30,604  18,589  18,734  Net gains/(losses) on sales of available-for- sale securities 2,979  (104,749) 3,203  3,266  5,964  (5,605) 4,893  6,140  Income/(loss) before income taxes 179,738  (72,116) 139,087  207,853  (81,043) 205,768  204,570  212,076  Net income/(loss) 126,559  (36,266) 99,897  138,937  (62,554) 134,645  131,581  136,796  Earnings/(loss) per common share .34  (.10) .26  .35  (.16) .35  .34  .35  Diluted earnings/(loss) per common share .34  (.10) .26  .35  (.16) .34  .33  .34  Cash dividends declared per common share .21  .20  .20  .20  .20  .17  .17  .17  Market price range: High 15.81  19.00  19.88  18.75  25.81  23.88  32.33  33.92  Low 11.88  12.06  14.31  12.75  18.94  21.31  21.88  27.92  Note: Quarterly amounts may not add to year-to-date amounts due to rounding.
NOTE 26–FAIR VALUE OF FINANCIAL INSTRUMENTS
For purposes of this disclosure, the estimated fair value of financial instruments with immediate and shorter-term maturities (generally 90 days or less) is assumed to be the same as the recorded book value.	These instruments include the consolidated statement of condition lines captioned cash and due from banks, time deposits in other banks, federal funds sold and securities purchased under agreements to resell, other interest-earning assets, customers’ acceptance liability, federal funds purchased and securities sold under agreements to repurchase, other borrowed funds, and acceptances outstanding.