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	2,425	11,554	SH		SOLE		11,554	0	0
AT&T Corp New	COM	00206r102	13,345	340,696	SH		SOLE		340,696	0	0
Abbott Laboratories	COM	002824100	12,559	235,370	SH		SOLE		235,370	0	0
Agilent Technologies Inc	COM	00846U101	9,136	142,308	SH		SOLE		142,308	0	0
Agrium Inc	COM	008916108	8,649	80,670	SH		SOLE		80,670	0	0
Alphabet Inc - Class A	COM	02079K305	532	546	SH		SOLE		546	0	0
Alphabet Inc - Class C	COM	02079K107	440	459	SH		SOLE		459	0	0
Altria Group Inc	COM	02209S103	473	7,457	SH		SOLE		7,457	0	0
Amazon.com Inc	COM	023135106	332	345	SH		SOLE		345	0	0
American Express Company	COM	025816109	280	3,099	SH		SOLE		3,099	0	0
Amgen Inc	COM	031162100	1,012	5,430	SH		SOLE		5,430	0	0
Anthem Inc	COM	036752103	1,079	5,684	SH		SOLE		5,684	0	0
Apple Computer	COM	037833100	9,683	62,828	SH		SOLE		62,828	0	0
Arrow Electronics Inc	COM	042735100	690	8,577	SH		SOLE		8,577	0	0
Automatic Data Processing	COM	053015103	458	4,186	SH		SOLE		4,186	0	0
BB&T Corporation	COM	054937107	8,741	186,215	SH		SOLE		186,215	0	0
Bank of New York	COM	064058100	8,720	164,470	SH		SOLE		164,470	0	0
Berkshire Hathaway Inc - Class	COM	084670702	8,235	44,920	SH		SOLE		44,920	0	0
Berkshire Hathaway Inc-CL A	COM	084670108	549	2	SH		SOLE		2	0	0
Boeing Company	COM	097023105	11,202	44,064	SH		SOLE		44,064	0	0
Bristol-Myers Squibb Co	COM	110122108	424	6,650	SH		SOLE		6,650	0	0
CVS Health Corporation	COM	126650100	1,169	14,374	SH		SOLE		14,374	0	0
Capital One Financial Corp	COM	14040H105	820	9,689	SH		SOLE		9,689	0	0
Carnival Corp	COM	143658300	9,342	144,675	SH		SOLE		144,675	0	0
Caterpillar Inc	COM	149123101	363	2,907	SH		SOLE		2,907	0	0
Chevron Corp	COM	166764100	5,237	44,569	SH		SOLE		44,569	0	0
Chubb Ltd	COM	H1467J104	345	2,419	SH		SOLE		2,419	0	0
Cisco Systems Inc	COM	17275R102	12,411	369,055	SH		SOLE		369,055	0	0
Coca-Cola Co	COM	191216100	869	19,301	SH		SOLE		19,301	0	0
Colgate-Palmolive Co	COM	194162103	241	3,303	SH		SOLE		3,303	0	0
Comcast Corp-Class A	COM	20030N101	302	7,842	SH		SOLE		7,842	0	0
ConocoPhillips	COM	20825C104	1,074	21,463	SH		SOLE		21,463	0	0
Consumer Discretionary Select	COM	81369y407	1,074	11,921	SH		SOLE		11,921	0	0
Consumer Staples Select Sector	COM	81369y308	1,213	22,476	SH		SOLE		22,476	0	0
DXC Technology Company	COM	23355L106	3,339	38,878	SH		SOLE		38,878	0	0
Disney (Walt) Co	COM	254687106	1,440	14,608	SH		SOLE		14,608	0	0
DowDuPont Inc	COM	26078J100	12,627	182,398	SH		SOLE		182,398	0	0
Emerson Electric Co	COM	291011104	305	4,848	SH		SOLE		4,848	0	0
Energy Select Sector SPDR	COM	81369y506	861	12,574	SH		SOLE		12,574	0	0
Exxon Mobil Corporation	COM	30231G102	8,587	104,750	SH		SOLE		104,750	0	0
Federated Investors Inc-Cl B	COM	314211103	7,716	259,785	SH		SOLE		259,785	0	0
Financial Select Sector SPDR	COM	81369y605	855	33,052	SH		SOLE		33,052	0	0
General Dynamics Corp	COM	369550108	9,196	44,730	SH		SOLE		44,730	0	0
General Electric Co	COM	369604103	3,784	156,489	SH		SOLE		156,489	0	0
Guggenheim S&P 500 Equal Wt Te	COM	78355W817	765	5,665	SH		SOLE		5,665	0	0
HP Inc	COM	40434L105	8,985	450,138	SH		SOLE		450,138	0	0
Hanesbrands Inc	COM	410345102	7,991	324,300	SH		SOLE		324,300	0	0
Health Care Select Sector SPDR	COM	81369Y209	1,602	19,600	SH		SOLE		19,600	0	0
Hewlett Packard Enterprise Co	COM	42824C109	6,659	452,686	SH		SOLE		452,686	0	0
Home Depot Inc	COM	437076102	9,647	58,981	SH		SOLE		58,981	0	0
Honeywell International	COM	438516106	281	1,983	SH		SOLE		1,983	0	0
IShares Core Dividend Growth	COM	46434V621	209	6,425	SH		SOLE		6,425	0	0
IShares Core EAFE ETF	COM	46432F842	257	4,000	SH		SOLE		4,000	0	0
IShares Core MSCI Emerging Mar	COM	46434G103	294	5,450	SH		SOLE		5,450	0	0
IShares Core MSCI Europe ETF	COM	46434V738	298	6,000	SH		SOLE		6,000	0	0
IShares Core S&P Total US Stoc	COM	464287150	233	4,050	SH		SOLE		4,050	0	0
IShares Core S&P US Value	COM	464287663	344	6,575	SH		SOLE		6,575	0	0
IShares DJ Select Dividend	COM	464287168	232	2,475	SH		SOLE		2,475	0	0
IShares International Select	COM	464288448	9,900	293,250	SH		SOLE		293,250	0	0
IShares MSCI EAFE Index Fund	COM	464287465	566	8,258	SH		SOLE		8,258	0	0
IShares MSCI Emerging Mkts Fd	COM	464287234	395	8,822	SH		SOLE		8,822	0	0
IShares Russell 2000 ETF	COM	464287655	851	5,742	SH		SOLE		5,742	0	0
IShares S&P 500 Index Fund	COM	464287200	236	932	SH		SOLE		932	0	0
IShares S&P Midcap 400	COM	464287507	1,038	5,800	SH		SOLE		5,800	0	0
IShares S&P Small Cap 600	COM	464287804	711	9,586	SH		SOLE		9,586	0	0
IShares Trust S&P 500/Barra Gr	COM	464287309	430	3,000	SH		SOLE		3,000	0	0
IShares Trust S&P 500/Barra Va	COM	464287408	272	2,517	SH		SOLE		2,517	0	0
Industrial Select Sector SPDR	COM	81369Y704	1,255	17,676	SH		SOLE		17,676	0	0
JP Morgan Chase & Company	COM	46625H100	10,543	110,387	SH		SOLE		110,387	0	0
Johnson & Johnson	COM	478160104	11,887	91,432	SH		SOLE		91,432	0	0
Keysight Technologies Inc	COM	49338L103	3,138	75,315	SH		SOLE		75,315	0	0
Lam Research Corp	COM	512807108	1,166	6,303	SH		SOLE		6,303	0	0
Lear Corp	COM	521865204	344	1,985	SH		SOLE		1,985	0	0
Lehman Bros Holding IXXX Escro	COM	524ESC100	0	10,000	SH		SOLE		10,000	0	0
Lilly Eli & Co	COM	532457108	682	7,974	SH		SOLE		7,974	0	0
Lincoln National Corp	COM	534187109	897	12,208	SH		SOLE		12,208	0	0
M & T Bank Corporation	COM	55261F104	277	1,722	SH		SOLE		1,722	0	0
McKesson Corp	COM	58155Q103	613	3,991	SH		SOLE		3,991	0	0
Merck & Co. Inc	COM	58933Y105	16,196	252,951	SH		SOLE		252,951	0	0
Micro Focus Intl PLC	COM	594837304	1,983	62,160	SH		SOLE		62,160	0	0
Microsoft Corp	COM	594918104	12,911	173,329	SH		SOLE		173,329	0	0
Monsanto Co	COM	61166W101	207	1,730	SH		SOLE		1,730	0	0
NASDAQ-100 Index Powershares T	COM	73935A104	863	5,935	SH		SOLE		5,935	0	0
Nasdaq Inc	COM	631103108	727	9,378	SH		SOLE		9,378	0	0
Newmont Mining Corp	COM	651639106	289	7,700	SH		SOLE		7,700	0	0
NextEra Energy Inc	COM	65339F101	238	1,625	SH		SOLE		1,625	0	0
Occidental Petroleum Corp	COM	674599105	566	8,810	SH		SOLE		8,810	0	0
OneMain Holdings Inc	COM	68268W103	220	7,810	SH		SOLE		7,810	0	0
Oracle Corporation	COM	68389X105	11,981	247,793	SH		SOLE		247,793	0	0
PNC Financial Services Group	COM	693475105	10,258	76,114	SH		SOLE		76,114	0	0
PPG Industries Inc	COM	693506107	604	5,556	SH		SOLE		5,556	0	0
Pepsico Inc	COM	713448108	2,030	18,218	SH		SOLE		18,218	0	0
Pfizer Inc	COM	717081103	15,265	427,601	SH		SOLE		427,601	0	0
Philip Morris International	COM	718172109	494	4,454	SH		SOLE		4,454	0	0
Phillips 66	COM	718546104	1,081	11,799	SH		SOLE		11,799	0	0
Procter & Gamble Co	COM	742718109	10,316	113,384	SH		SOLE		113,384	0	0
Raytheon Company	COM	755111507	11,157	59,796	SH		SOLE		59,796	0	0
Ross Stores Inc	COM	778296103	923	14,291	SH		SOLE		14,291	0	0
SPDR S&P 500 ETF Trust Series	COM	78462F103	1,371	5,456	SH		SOLE		5,456	0	0
SPDR S&P Pharmaceuticals ETF	COM	78464A722	294	6,920	SH		SOLE		6,920	0	0
SPDR Stoxx Europe 50 Fund ETF	COM	78463X103	9,960	279,690	SH		SOLE		279,690	0	0
Stryker Corp	COM	863667101	412	2,900	SH		SOLE		2,900	0	0
TJX Companies Inc	COM	872540109	274	3,711	SH		SOLE		3,711	0	0
Technology Select Sect SPDR	COM	81369y803	253	4,278	SH		SOLE		4,278	0	0
Texas Instruments Inc	COM	882508104	235	2,625	SH		SOLE		2,625	0	0
The Chemours Company	COM	163851108	1,575	31,113	SH		SOLE		31,113	0	0
The Priceline Group	COM	741503403	965	527	SH		SOLE		527	0	0
Thermo Fisher Scientific Inc	COM	883556102	255	1,350	SH		SOLE		1,350	0	0
Travelers Cos Inc	COM	89417E109	218	1,783	SH		SOLE		1,783	0	0
Tyson Foods Inc-Cl A	COM	902494103	232	3,300	SH		SOLE		3,300	0	0
Union Pacific Corp	COM	907818108	1,487	12,824	SH		SOLE		12,824	0	0
United Parcel Service - Cl B	COM	911312106	9,479	78,931	SH		SOLE		78,931	0	0
United Technologies Corp	COM	913017109	9,922	85,476	SH		SOLE		85,476	0	0
Unitedhealth Group	COM	91324P102	261	1,335	SH		SOLE		1,335	0	0
Utilities Select Sector Spdr E	COM	81369y886	684	12,891	SH		SOLE		12,891	0	0
VEREIT Inc	COM	92339V100	6,964	840,000	SH		SOLE		840,000	0	0
Valero Energy Corp	COM	91913Y100	676	8,782	SH		SOLE		8,782	0	0
Vanguard High Dvd Yld ETF	COM	921946406	2,885	35,584	SH		SOLE		35,584	0	0
Vanguard Info Tech ETF	COM	92204A702	4,970	32,702	SH		SOLE		32,702	0	0
Vanguard Large-Cap ETF	COM	922908637	2,441	21,150	SH		SOLE		21,150	0	0
Vanguard MSCI EAFE ETF	COM	921943858	750	17,279	SH		SOLE		17,279	0	0
Vanguard Mid-Cap ETF	COM	922908629	1,772	12,054	SH		SOLE		12,054	0	0
Vanguard Small-Cap ETF	COM	922908751	988	6,990	SH		SOLE		6,990	0	0
Vanguard Telecom Service ETF	COM	92204A884	556	6,024	SH		SOLE		6,024	0	0
Vanguard Utilities ETF	COM	92204A876	2,106	18,030	SH		SOLE		18,030	0	0
Verizon Communications	COM	92343V104	12,677	256,150	SH		SOLE		256,150	0	0
Visa Inc - Class A Shares	COM	92826C839	358	3,404	SH		SOLE		3,404	0	0
Wells Fargo Company	COM	949746101	1,079	19,563	SH		SOLE		19,563	0	0
Weyerhaeuser Co	COM	962166104	9,270	272,410	SH		SOLE		272,410	0	0
Whirlpool Corp	COM	963320106	509	2,761	SH		SOLE		2,761	0	0
Willis Towers Watson PLC	COM	G96629103	1,838	11,916	SH		SOLE		11,916	0	0
Xilinx Corp	COM	983919101	10,412	146,998	SH		SOLE		146,998	0	0
YUM! Brands Inc	COM	988498101	10,452	141,987	SH		SOLE		141,987	0	0