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

OMB APPROVAL

OMB Number:		3235-0006
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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	1,883	9,841	SH		SOLE		9,841	0	0
AT&T Corp New	COM	00206r102	14,175	341,158	SH		SOLE		341,158	0	0
Abbott Laboratories	COM	002824100	10,437	235,004	SH		SOLE		235,004	0	0
Agilent Technologies Inc	COM	00846U101	7,577	143,308	SH		SOLE		143,308	0	0
Agrium Inc	COM	008916108	7,634	79,900	SH		SOLE		79,900	0	0
Alphabet Inc - Class A	COM	02079K305	355	419	SH		SOLE		419	0	0
Alphabet Inc - Class C	COM	02079K107	275	332	SH		SOLE		332	0	0
Altria Group Inc	COM	02209S103	337	4,717	SH		SOLE		4,717	0	0
Amazon.com Inc	COM	023135106	262	295	SH		SOLE		295	0	0
American Express Company	COM	025816109	234	2,958	SH		SOLE		2,958	0	0
Amgen Inc	COM	031162100	551	3,360	SH		SOLE		3,360	0	0
Anthem Inc	COM	036752103	596	3,604	SH		SOLE		3,604	0	0
Apple Computer	COM	037833100	12,448	86,648	SH		SOLE		86,648	0	0
Arrow Electronics Inc	COM	042735100	457	6,232	SH		SOLE		6,232	0	0
Automatic Data Processing	COM	053015103	429	4,186	SH		SOLE		4,186	0	0
BB&T Corporation	COM	054937107	8,081	180,785	SH		SOLE		180,785	0	0
Bank of New York	COM	064058100	7,522	159,260	SH		SOLE		159,260	0	0
Berkshire Hathaway Inc - Class	COM	084670702	2,433	14,595	SH		SOLE		14,595	0	0
Berkshire Hathaway Inc-CL A	COM	084670108	500	2	SH		SOLE		2	0	0
Boeing Company	COM	097023105	13,462	76,114	SH		SOLE		76,114	0	0
CVS Health Corporation	COM	126650100	761	9,693	SH		SOLE		9,693	0	0
Capital One Financial Corp	COM	14040H105	533	6,150	SH		SOLE		6,150	0	0
Carnival Corp	COM	143658300	8,524	144,700	SH		SOLE		144,700	0	0
Caterpillar Inc	COM	149123101	381	4,107	SH		SOLE		4,107	0	0
Chevron Corp	COM	166764100	4,361	40,621	SH		SOLE		40,621	0	0
Chubb Ltd	COM	H1467J104	309	2,269	SH		SOLE		2,269	0	0
Cisco Systems Inc	COM	17275R102	8,164	241,530	SH		SOLE		241,530	0	0
Coca-Cola Co	COM	191216100	717	16,901	SH		SOLE		16,901	0	0
Colgate-Palmolive Co	COM	194162103	242	3,303	SH		SOLE		3,303	0	0
ConocoPhillips	COM	20825C104	1,039	20,843	SH		SOLE		20,843	0	0
Consumer Discretionary Select	COM	81369y407	819	9,317	SH		SOLE		9,317	0	0
Consumer Staples Select Sector	COM	81369y308	857	15,696	SH		SOLE		15,696	0	0
Dentsply International Inc Sir	COM	24906P109	287	4,600	SH		SOLE		4,600	0	0
Disney (Walt) Co	COM	254687106	1,039	9,166	SH		SOLE		9,166	0	0
Dow Chemical Company	COM	260543103	255	4,017	SH		SOLE		4,017	0	0
DuPont E I de Nemours & Co	COM	263534109	10,900	135,685	SH		SOLE		135,685	0	0
Emerson Electric Co	COM	291011104	283	4,723	SH		SOLE		4,723	0	0
Energy Select Sector SPDR	COM	81369y506	663	9,489	SH		SOLE		9,489	0	0
Exxon Mobil Corporation	COM	30231G102	8,112	98,915	SH		SOLE		98,915	0	0
Federated Investors Inc-Cl B	COM	314211103	7,016	266,370	SH		SOLE		266,370	0	0
Financial Select Sector SPDR	COM	81369y605	553	23,301	SH		SOLE		23,301	0	0
General Dynamics Corp	COM	369550108	8,539	45,615	SH		SOLE		45,615	0	0
General Electric Co	COM	369604103	4,235	142,121	SH		SOLE		142,121	0	0
Guggenheim S&P 500 Equal Wt Te	COM	78355W817	690	5,710	SH		SOLE		5,710	0	0
HP Inc	COM	40434L105	8,032	449,238	SH		SOLE		449,238	0	0
Health Care Select Sector SPDR	COM	81369Y209	1,083	14,566	SH		SOLE		14,566	0	0
Hewlett Packard Enterprise Co	COM	42824C109	10,671	450,244	SH		SOLE		450,244	0	0
Home Depot Inc	COM	437076102	8,286	56,431	SH		SOLE		56,431	0	0
Honeywell International	COM	438516106	204	1,631	SH		SOLE		1,631	0	0
IShares Cohen & Steers Realty	COM	464287564	255	2,559	SH		SOLE		2,559	0	0
IShares MSCI EAFE Index Fund	COM	464287465	465	7,470	SH		SOLE		7,470	0	0
IShares Trust S&P 500/Barra Va	COM	464287408	262	2,517	SH		SOLE		2,517	0	0
Industrial Select Sector SPDR	COM	81369Y704	1,046	16,074	SH		SOLE		16,074	0	0
International Business Machine	COM	459200101	281	1,612	SH		SOLE		1,612	0	0
JP Morgan Chase & Company	COM	46625H100	1,307	14,877	SH		SOLE		14,877	0	0
Johnson & Johnson	COM	478160104	11,036	88,610	SH		SOLE		88,610	0	0
Johnson Controls International	COM	g51502105	216	5,130	SH		SOLE		5,130	0	0
Keysight Technologies Inc	COM	49338L103	2,722	75,315	SH		SOLE		75,315	0	0
Kroger Co	COM	501044101	236	8,000	SH		SOLE		8,000	0	0
Lam Research Corp	COM	512807108	547	4,258	SH		SOLE		4,258	0	0
Lear Corp	COM	521865204	5,032	35,545	SH		SOLE		35,545	0	0
Lehman Bros Holding IXXX Escro	COM	524ESC100	0	10,000	SH		SOLE		10,000	0	0
Lilly Eli & Co	COM	532457108	651	7,745	SH		SOLE		7,745	0	0
Lincoln National Corp	COM	534187109	567	8,668	SH		SOLE		8,668	0	0
Loews Corporation	COM	540424108	6,840	146,250	SH		SOLE		146,250	0	0
Lowe's Companies	COM	548661107	288	3,500	SH		SOLE		3,500	0	0
M & T Bank Corporation	COM	55261F104	266	1,722	SH		SOLE		1,722	0	0
McKesson Corp	COM	58155Q103	323	2,177	SH		SOLE		2,177	0	0
Merck & Co. Inc	COM	58933Y105	15,692	246,970	SH		SOLE		246,970	0	0
Microsoft Corp	COM	594918104	17,190	261,007	SH		SOLE		261,007	0	0
NASDAQ-100 Index Powershares T	COM	73935A104	1,398	10,560	SH		SOLE		10,560	0	0
Nasdaq Inc	COM	631103108	376	5,408	SH		SOLE		5,408	0	0
Newmont Mining Corp	COM	651639106	254	7,700	SH		SOLE		7,700	0	0
Occidental Petroleum Corp	COM	674599105	4,803	75,807	SH		SOLE		75,807	0	0
Omnicom Group	COM	681919106	267	3,100	SH		SOLE		3,100	0	0
Oracle Corporation	COM	68389X105	8,698	194,988	SH		SOLE		194,988	0	0
PNC Financial Services Group	COM	693475105	9,137	75,989	SH		SOLE		75,989	0	0
PPG Industries Inc	COM	693506107	578	5,500	SH		SOLE		5,500	0	0
Pepsico Inc	COM	713448108	1,872	16,733	SH		SOLE		16,733	0	0
Pfizer Inc	COM	717081103	14,424	421,645	SH		SOLE		421,645	0	0
Philip Morris International	COM	718172109	284	2,514	SH		SOLE		2,514	0	0
Phillips 66	COM	718546104	900	11,365	SH		SOLE		11,365	0	0
Procter & Gamble Co	COM	742718109	9,670	107,624	SH		SOLE		107,624	0	0
Raytheon Company	COM	755111507	9,170	60,131	SH		SOLE		60,131	0	0
Ross Stores Inc	COM	778296103	656	9,960	SH		SOLE		9,960	0	0
SPDR S&P 500 ETF Trust Series	COM	78462F103	1,234	5,233	SH		SOLE		5,233	0	0
SPDR S&P Pharmaceuticals ETF	COM	78464A722	365	8,720	SH		SOLE		8,720	0	0
Stryker Corp	COM	863667101	382	2,900	SH		SOLE		2,900	0	0
TJX Companies Inc	COM	872540109	283	3,577	SH		SOLE		3,577	0	0
Technology Select Sect SPDR	COM	81369y803	228	4,278	SH		SOLE		4,278	0	0
Texas Instruments Inc	COM	882508104	201	2,500	SH		SOLE		2,500	0	0
The Chemours Company	COM	163851108	1,203	31,238	SH		SOLE		31,238	0	0
The Priceline Group	COM	741503403	575	323	SH		SOLE		323	0	0
Thermo Fisher Scientific Inc	COM	883556102	226	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	873	8,238	SH		SOLE		8,238	0	0
United Parcel Service - Cl B	COM	911312106	8,331	77,640	SH		SOLE		77,640	0	0
United Technologies Corp	COM	913017109	8,644	77,037	SH		SOLE		77,037	0	0
Unitedhealth Group	COM	91324P102	219	1,335	SH		SOLE		1,335	0	0
Utilities Select Sector Spdr E	COM	81369y886	450	8,766	SH		SOLE		8,766	0	0
VEREIT Inc	COM	92339V100	6,996	824,000	SH		SOLE		824,000	0	0
Valero Energy Corp	COM	91913Y100	419	6,322	SH		SOLE		6,322	0	0
Vanguard Info Tech ETF	COM	92204A702	3,009	22,186	SH		SOLE		22,186	0	0
Vanguard MSCI EAFE ETF	COM	921943858	402	10,229	SH		SOLE		10,229	0	0
Vanguard Telecom Service ETF	COM	92204A884	481	5,074	SH		SOLE		5,074	0	0
Vanguard Utilities ETF	COM	92204a876	2,154	19,125	SH		SOLE		19,125	0	0
Verizon Communications	COM	92343V104	12,594	258,341	SH		SOLE		258,341	0	0
Walgreens Boots Alliance Inc	COM	931427108	205	2,474	SH		SOLE		2,474	0	0
Wells Fargo Company	COM	949746101	813	14,598	SH		SOLE		14,598	0	0
Weyerhaeuser Co	COM	962166104	9,195	270,615	SH		SOLE		270,615	0	0
Whirlpool Corp	COM	963320106	299	1,746	SH		SOLE		1,746	0	0
Willis Towers Watson PLC	COM	G96629103	851	6,500	SH		SOLE		6,500	0	0
Xilinx Corp	COM	983919101	8,646	149,348	SH		SOLE		149,348	0	0
YUM! Brands Inc	COM	988498101	9,006	140,937	SH		SOLE		140,937	0	0