Cypress Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M Company	COM	88579Y101	1,739	9,741	SH		SOLE		9,741	0	0
AT&T Corp New	COM	00206r102	14,487	340,625	SH		SOLE		340,625	0	0
Abbott Laboratories	COM	002824100	5,573	145,089	SH		SOLE		145,089	0	0
Agilent Technologies Inc	COM	00846U101	6,529	143,308	SH		SOLE		143,308	0	0
Agrium Inc	COM	008916108	7,126	70,875	SH		SOLE		70,875	0	0
Alphabet Inc - Class A	COM	02079K305	266	336	SH		SOLE		336	0	0
Altria Group Inc	COM	02209S103	319	4,717	SH		SOLE		4,717	0	0
Amazon.com Inc	COM	023135106	221	295	SH		SOLE		295	0	0
American Express Company	COM	025816109	219	2,958	SH		SOLE		2,958	0	0
Amgen Inc	COM	031162100	328	2,245	SH		SOLE		2,245	0	0
Anthem Inc	COM	036752103	318	2,210	SH		SOLE		2,210	0	0
Apple Computer	COM	037833100	9,802	84,634	SH		SOLE		84,634	0	0
Arrow Electronics Inc	COM	042735100	388	5,445	SH		SOLE		5,445	0	0
Automatic Data Processing	COM	053015103	427	4,153	SH		SOLE		4,153	0	0
BB&T Corporation	COM	054937107	8,291	176,325	SH		SOLE		176,325	0	0
Bank of New York	COM	064058100	7,285	153,760	SH		SOLE		153,760	0	0
Berkshire Hathaway Inc - Class	COM	084670702	2,019	12,390	SH		SOLE		12,390	0	0
Berkshire Hathaway Inc-CL A	COM	084670108	488	2	SH		SOLE		2	0	0
Boeing Company	COM	097023105	11,616	74,615	SH		SOLE		74,615	0	0
CVS Health Corporation	COM	126650100	627	7,945	SH		SOLE		7,945	0	0
Capital One Financial Corp	COM	14040H105	442	5,065	SH		SOLE		5,065	0	0
Carnival Corp	COM	143658300	7,325	140,700	SH		SOLE		140,700	0	0
Caterpillar Inc	COM	149123101	381	4,107	SH		SOLE		4,107	0	0
Chevron Corp	COM	166764100	4,621	39,265	SH		SOLE		39,265	0	0
Chubb Ltd	COM	H1467J104	300	2,269	SH		SOLE		2,269	0	0
Cisco Systems Inc	COM	17275R102	6,991	231,325	SH		SOLE		231,325	0	0
Coca-Cola Co	COM	191216100	699	16,860	SH		SOLE		16,860	0	0
Colgate-Palmolive Co	COM	194162103	216	3,303	SH		SOLE		3,303	0	0
ConocoPhillips	COM	20825C104	1,062	21,180	SH		SOLE		21,180	0	0
Consumer Discretionary Select	COM	81369y407	919	11,290	SH		SOLE		11,290	0	0
Consumer Staples Select Sector	COM	81369y308	656	12,688	SH		SOLE		12,688	0	0
Dentsply International Inc Sir	COM	24906P109	266	4,600	SH		SOLE		4,600	0	0
Disney (Walt) Co	COM	254687106	540	5,179	SH		SOLE		5,179	0	0
Dow Chemical Company	COM	260543103	229	4,005	SH		SOLE		4,005	0	0
DuPont E I de Nemours & Co	COM	263534109	10,813	147,322	SH		SOLE		147,322	0	0
Eastman Chemical Company	COM	277432100	648	8,620	SH		SOLE		8,620	0	0
Emerson Electric Co	COM	291011104	263	4,723	SH		SOLE		4,723	0	0
Energy Select Sector SPDR	COM	81369y506	956	12,695	SH		SOLE		12,695	0	0
Express Scripts Inc	COM	30219g108	384	5,582	SH		SOLE		5,582	0	0
Exxon Mobil Corporation	COM	30231G102	8,245	91,345	SH		SOLE		91,345	0	0
Federated Investors Inc-Cl B	COM	314211103	5,586	197,535	SH		SOLE		197,535	0	0
Financial Select Sector SPDR	COM	81369y605	392	16,842	SH		SOLE		16,842	0	0
Flower Foods Inc	COM	343498101	2,429	121,645	SH		SOLE		121,645	0	0
General Dynamics Corp	COM	369550108	7,864	45,545	SH		SOLE		45,545	0	0
General Electric Co	COM	369604103	16,125	510,293	SH		SOLE		510,293	0	0
Guggenheim S&P 500 Equal Wt Te	COM	78355W817	637	5,870	SH		SOLE		5,870	0	0
HP Inc	COM	40434L105	6,667	449,238	SH		SOLE		449,238	0	0
Health Care Select Sector SPDR	COM	81369Y209	730	10,595	SH		SOLE		10,595	0	0
Hewlett Packard Enterprise Co	COM	42824C109	10,429	450,684	SH		SOLE		450,684	0	0
Home Depot Inc	COM	437076102	7,515	56,050	SH		SOLE		56,050	0	0
IShares Cohen & Steers Realty	COM	464287564	265	2,664	SH		SOLE		2,664	0	0
IShares MSCI EAFE Index Fund	COM	464287465	359	6,220	SH		SOLE		6,220	0	0
IShares Trust S&P 500/Barra Va	COM	464287408	255	2,517	SH		SOLE		2,517	0	0
Industrial Select Sector SPDR	COM	81369Y704	885	14,221	SH		SOLE		14,221	0	0
JP Morgan Chase & Company	COM	46625H100	1,048	12,150	SH		SOLE		12,150	0	0
Johnson & Johnson	COM	478160104	9,877	85,728	SH		SOLE		85,728	0	0
Keysight Technologies Inc	COM	49338L103	2,754	75,315	SH		SOLE		75,315	0	0
Kroger Co	COM	501044101	276	8,000	SH		SOLE		8,000	0	0
Lam Research Corp	COM	512807108	326	3,080	SH		SOLE		3,080	0	0
Lear Corp	COM	521865204	4,768	36,020	SH		SOLE		36,020	0	0
Lehman Bros Holding IXXX Escro	COM	524ESC100	0	10,000	SH		SOLE		10,000	0	0
Lilly Eli & Co	COM	532457108	573	7,795	SH		SOLE		7,795	0	0
Lincoln National Corp	COM	534187109	418	6,315	SH		SOLE		6,315	0	0
Loews Corporation	COM	540424108	6,924	147,850	SH		SOLE		147,850	0	0
Lowe's Companies	COM	548661107	252	3,550	SH		SOLE		3,550	0	0
M & T Bank Corporation	COM	55261F104	269	1,722	SH		SOLE		1,722	0	0
Medtronic PLC	COM	G5960L103	675	9,480	SH		SOLE		9,480	0	0
Merck & Co. Inc	COM	58933Y105	14,469	245,787	SH		SOLE		245,787	0	0
Microsoft Corp	COM	594918104	16,048	258,256	SH		SOLE		258,256	0	0
NASDAQ-100 Index Powershares T	COM	73935A104	1,494	12,610	SH		SOLE		12,610	0	0
Newmont Mining Corp	COM	651639106	262	7,700	SH		SOLE		7,700	0	0
Occidental Petroleum Corp	COM	674599105	5,093	71,495	SH		SOLE		71,495	0	0
Omnicom Group	COM	681919106	264	3,100	SH		SOLE		3,100	0	0
Oracle Corporation	COM	68389X105	7,238	188,249	SH		SOLE		188,249	0	0
PNC Financial Services Group	COM	693475105	8,784	75,099	SH		SOLE		75,099	0	0
PPG Industries Inc	COM	693506107	521	5,500	SH		SOLE		5,500	0	0
PayPal Holdings Inc	COM	70450Y103	9,081	230,080	SH		SOLE		230,080	0	0
Pepsico Inc	COM	713448108	1,677	16,026	SH		SOLE		16,026	0	0
Pfizer Inc	COM	717081103	13,471	414,745	SH		SOLE		414,745	0	0
Phillips 66	COM	718546104	994	11,503	SH		SOLE		11,503	0	0
Procter & Gamble Co	COM	742718109	8,986	106,870	SH		SOLE		106,870	0	0
Raytheon Company	COM	755111507	8,468	59,631	SH		SOLE		59,631	0	0
Ross Stores Inc	COM	778296103	616	9,390	SH		SOLE		9,390	0	0
SPDR S&P 500 ETF Trust Series	COM	78462F103	711	3,181	SH		SOLE		3,181	0	0
SPDR S&P Pharmaceuticals ETF	COM	78464A722	355	9,080	SH		SOLE		9,080	0	0
St Jude Medical Inc	COM	790849103	6,769	84,411	SH		SOLE		84,411	0	0
Stryker Corp	COM	863667101	347	2,900	SH		SOLE		2,900	0	0
TJX Companies Inc	COM	872540109	263	3,500	SH		SOLE		3,500	0	0
The Chemours Company	COM	163851108	690	31,238	SH		SOLE		31,238	0	0
The Priceline Group	COM	741503403	371	253	SH		SOLE		253	0	0
Thermo Fisher Scientific Inc	COM	883556102	207	1,470	SH		SOLE		1,470	0	0
Tyson Foods Inc-Cl A	COM	902494103	204	3,300	SH		SOLE		3,300	0	0
Union Pacific Corp	COM	907818108	719	6,932	SH		SOLE		6,932	0	0
United Parcel Service - Cl B	COM	911312106	7,808	68,105	SH		SOLE		68,105	0	0
United Technologies Corp	COM	913017109	7,231	65,962	SH		SOLE		65,962	0	0
Unitedhealth Group	COM	91324P102	230	1,435	SH		SOLE		1,435	0	0
Utilities Select Sector Spdr E	COM	81369y886	329	6,783	SH		SOLE		6,783	0	0
VEREIT Inc	COM	92339V100	6,828	807,075	SH		SOLE		807,075	0	0
Vanguard Info Tech ETF	COM	92204A702	1,763	14,510	SH		SOLE		14,510	0	0
Vanguard MSCI EAFE ETF	COM	921943858	279	7,649	SH		SOLE		7,649	0	0
Vanguard Telecom Service ETF	COM	92204A884	352	3,510	SH		SOLE		3,510	0	0
Vanguard Utilities ETF	COM	92204a876	2,075	19,395	SH		SOLE		19,395	0	0
Verizon Communications	COM	92343V104	13,795	258,431	SH		SOLE		258,431	0	0
Walgreens Boots Alliance Inc	COM	931427108	205	2,474	SH		SOLE		2,474	0	0
Wells Fargo Company	COM	949746101	537	9,747	SH		SOLE		9,747	0	0
Weyerhaeuser Co	COM	962166104	8,010	266,215	SH		SOLE		266,215	0	0
Willis Towers Watson PLC	COM	G96629103	856	7,000	SH		SOLE		7,000	0	0
Xilinx Corp	COM	983919101	8,915	147,673	SH		SOLE		147,673	0	0