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	4,885	20,754	SH		SOLE		20,754	0	0
AT&T Corp New	COM	00206r102	13,407	344,830	SH		SOLE		344,830	0	0
Abbott Laboratories	COM	002824100	13,432	235,360	SH		SOLE		235,360	0	0
Agilent Technologies Inc	COM	00846U101	9,530	142,308	SH		SOLE		142,308	0	0
Agrium Inc	COM	008916108	9,294	80,820	SH		SOLE		80,820	0	0
Alphabet Inc - Class A	COM	02079K305	591	561	SH		SOLE		561	0	0
Alphabet Inc - Class C	COM	02079K107	491	469	SH		SOLE		469	0	0
Altria Group Inc	COM	02209S103	497	6,957	SH		SOLE		6,957	0	0
Amazon.com Inc	COM	023135106	403	345	SH		SOLE		345	0	0
American Express Company	COM	025816109	308	3,099	SH		SOLE		3,099	0	0
Amgen Inc	COM	031162100	952	5,475	SH		SOLE		5,475	0	0
Anthem Inc	COM	036752103	1,301	5,783	SH		SOLE		5,783	0	0
Apple Computer	COM	037833100	10,723	63,363	SH		SOLE		63,363	0	0
Arrow Electronics Inc	COM	042735100	698	8,682	SH		SOLE		8,682	0	0
Automatic Data Processing	COM	053015103	491	4,186	SH		SOLE		4,186	0	0
BB&T Corporation	COM	054937107	9,250	186,051	SH		SOLE		186,051	0	0
Bank of New York	COM	064058100	9,052	168,070	SH		SOLE		168,070	0	0
Berkshire Hathaway Inc - Class	COM	084670702	8,972	45,265	SH		SOLE		45,265	0	0
Berkshire Hathaway Inc-CL A	COM	084670108	595	2	SH		SOLE		2	0	0
Boeing Company	COM	097023105	12,918	43,803	SH		SOLE		43,803	0	0
Bristol-Myers Squibb Co	COM	110122108	395	6,450	SH		SOLE		6,450	0	0
CVS Health Corporation	COM	126650100	327	4,510	SH		SOLE		4,510	0	0
Capital One Financial Corp	COM	14040H105	1,004	10,079	SH		SOLE		10,079	0	0
Carnival Corp	COM	143658300	10,929	164,675	SH		SOLE		164,675	0	0
Caterpillar Inc	COM	149123101	458	2,907	SH		SOLE		2,907	0	0
Chevron Corp	COM	166764100	9,961	79,565	SH		SOLE		79,565	0	0
Chubb Ltd	COM	H1467J104	353	2,419	SH		SOLE		2,419	0	0
Cisco Systems Inc	COM	17275R102	14,615	381,580	SH		SOLE		381,580	0	0
Coca-Cola Co	COM	191216100	1,913	41,701	SH		SOLE		41,701	0	0
Colgate-Palmolive Co	COM	194162103	249	3,301	SH		SOLE		3,301	0	0
ConocoPhillips	COM	20825C104	1,178	21,463	SH		SOLE		21,463	0	0
Consumer Discretionary Select	COM	81369y407	1,210	12,263	SH		SOLE		12,263	0	0
Consumer Staples Select Sector	COM	81369y308	1,313	23,080	SH		SOLE		23,080	0	0
DXC Technology Company	COM	23355L106	3,690	38,878	SH		SOLE		38,878	0	0
Disney (Walt) Co	COM	254687106	1,636	15,218	SH		SOLE		15,218	0	0
DowDuPont Inc	COM	26078J100	12,973	182,153	SH		SOLE		182,153	0	0
Eaton Corp	COM	G29183103	962	12,177	SH		SOLE		12,177	0	0
Ecolab Inc	COM	278865100	869	6,478	SH		SOLE		6,478	0	0
Emerson Electric Co	COM	291011104	338	4,848	SH		SOLE		4,848	0	0
Energy Select Sector SPDR	COM	81369y506	919	12,720	SH		SOLE		12,720	0	0
Express Scripts Inc	COM	30219g108	274	3,667	SH		SOLE		3,667	0	0
Exxon Mobil Corporation	COM	30231G102	10,687	127,775	SH		SOLE		127,775	0	0
Federated Investors Inc-Cl B	COM	314211103	9,323	258,410	SH		SOLE		258,410	0	0
Financial Select Sector SPDR	COM	81369y605	906	32,455	SH		SOLE		32,455	0	0
General Dynamics Corp	COM	369550108	9,083	44,645	SH		SOLE		44,645	0	0
General Electric Co	COM	369604103	2,333	133,709	SH		SOLE		133,709	0	0
Goldman Sachs Group Inc	COM	38141G104	286	1,121	SH		SOLE		1,121	0	0
Guggenheim S&P 500 Equal Wt Te	COM	78355W817	810	5,665	SH		SOLE		5,665	0	0
HP Inc	COM	40434L105	9,457	450,138	SH		SOLE		450,138	0	0
Hanesbrands Inc	COM	410345102	6,879	329,000	SH		SOLE		329,000	0	0
Health Care Select Sector SPDR	COM	81369Y209	1,691	20,449	SH		SOLE		20,449	0	0
Hewlett Packard Enterprise Co	COM	42824C109	6,438	448,331	SH		SOLE		448,331	0	0
Home Depot Inc	COM	437076102	11,419	60,251	SH		SOLE		60,251	0	0
Honeywell International	COM	438516106	319	2,083	SH		SOLE		2,083	0	0
IShares Core Dividend Growth	COM	46434V621	234	6,725	SH		SOLE		6,725	0	0
IShares Core EAFE ETF	COM	46432F842	264	4,000	SH		SOLE		4,000	0	0
IShares Core High Dividend ETF	COM	46429B663	353	3,915	SH		SOLE		3,915	0	0
IShares Core MSCI Emerging Mar	COM	46434G103	321	5,650	SH		SOLE		5,650	0	0
IShares Core MSCI Europe ETF	COM	46434V738	301	6,000	SH		SOLE		6,000	0	0
IShares Core MSCI Pacific ETF	COM	46434V696	209	3,500	SH		SOLE		3,500	0	0
IShares Core S&P Total US Stoc	COM	464287150	248	4,050	SH		SOLE		4,050	0	0
IShares Core S&P US Value	COM	464287663	364	6,575	SH		SOLE		6,575	0	0
IShares DJ Select Dividend	COM	464287168	244	2,475	SH		SOLE		2,475	0	0
IShares International Select	COM	464288448	10,097	298,825	SH		SOLE		298,825	0	0
IShares MSCI EAFE Index Fund	COM	464287465	571	8,123	SH		SOLE		8,123	0	0
IShares MSCI Emerging Mkts Fd	COM	464287234	416	8,822	SH		SOLE		8,822	0	0
IShares NASDAQ Biotech Fd	COM	464287556	208	1,950	SH		SOLE		1,950	0	0
IShares Russell 2000 ETF	COM	464287655	875	5,742	SH		SOLE		5,742	0	0
IShares S&P 500 Index Fund	COM	464287200	251	932	SH		SOLE		932	0	0
IShares S&P Midcap 400	COM	464287507	1,099	5,790	SH		SOLE		5,790	0	0
IShares S&P Small Cap 600	COM	464287804	736	9,586	SH		SOLE		9,586	0	0
IShares Trust S&P 500/Barra Gr	COM	464287309	458	3,000	SH		SOLE		3,000	0	0
IShares Trust S&P 500/Barra Va	COM	464287408	288	2,517	SH		SOLE		2,517	0	0
Industrial Select Sector SPDR	COM	81369Y704	1,374	18,154	SH		SOLE		18,154	0	0
International Paper Co	COM	460146103	319	5,500	SH		SOLE		5,500	0	0
JP Morgan Chase & Company	COM	46625H100	13,555	126,755	SH		SOLE		126,755	0	0
Johnson & Johnson	COM	478160104	13,225	94,657	SH		SOLE		94,657	0	0
Keysight Technologies Inc	COM	49338L103	3,133	75,315	SH		SOLE		75,315	0	0
Kroger Co	COM	501044101	200	7,300	SH		SOLE		7,300	0	0
Lam Research Corp	COM	512807108	1,184	6,433	SH		SOLE		6,433	0	0
Lear Corp	COM	521865204	351	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	667	7,899	SH		SOLE		7,899	0	0
Lincoln National Corp	COM	534187109	953	12,398	SH		SOLE		12,398	0	0
Loews Corporation	COM	540424108	209	4,175	SH		SOLE		4,175	0	0
M & T Bank Corporation	COM	55261F104	294	1,722	SH		SOLE		1,722	0	0
McKesson Corp	COM	58155Q103	652	4,181	SH		SOLE		4,181	0	0
Merck & Co. Inc	COM	58933Y105	16,648	295,861	SH		SOLE		295,861	0	0
Micro Focus Intl PLC	COM	594837304	2,086	62,087	SH		SOLE		62,087	0	0
Microsoft Corp	COM	594918104	15,941	186,354	SH		SOLE		186,354	0	0
Midcap SPDR Trust Series 1	COM	78467y107	210	607	SH		SOLE		607	0	0
Monsanto Co	COM	61166W101	211	1,810	SH		SOLE		1,810	0	0
NASDAQ-100 Index Powershares T	COM	73935A104	893	5,735	SH		SOLE		5,735	0	0
Nasdaq Inc	COM	631103108	755	9,823	SH		SOLE		9,823	0	0
Newmont Mining Corp	COM	651639106	289	7,700	SH		SOLE		7,700	0	0
NextEra Energy Inc	COM	65339F101	722	4,625	SH		SOLE		4,625	0	0
Occidental Petroleum Corp	COM	674599105	645	8,760	SH		SOLE		8,760	0	0
OneMain Holdings Inc	COM	68268W103	203	7,810	SH		SOLE		7,810	0	0
Oracle Corporation	COM	68389X105	12,438	263,068	SH		SOLE		263,068	0	0
PNC Financial Services Group	COM	693475105	10,988	76,154	SH		SOLE		76,154	0	0
PPG Industries Inc	COM	693506107	649	5,556	SH		SOLE		5,556	0	0
Pepsico Inc	COM	713448108	2,301	19,191	SH		SOLE		19,191	0	0
Pfizer Inc	COM	717081103	15,581	430,176	SH		SOLE		430,176	0	0
Philip Morris International	COM	718172109	471	4,454	SH		SOLE		4,454	0	0
Phillips 66	COM	718546104	1,271	12,562	SH		SOLE		12,562	0	0
Praxair Inc	COM	74005P104	764	4,940	SH		SOLE		4,940	0	0
Procter & Gamble Co	COM	742718109	11,721	127,568	SH		SOLE		127,568	0	0
Raytheon Company	COM	755111507	11,205	59,646	SH		SOLE		59,646	0	0
Ross Stores Inc	COM	778296103	1,123	13,991	SH		SOLE		13,991	0	0
Royal Bank of Canada	COM	780087102	204	2,500	SH		SOLE		2,500	0	0
SPDR S&P 500 ETF Trust Series	COM	78462F103	1,369	5,131	SH		SOLE		5,131	0	0
SPDR S&P Pharmaceuticals ETF	COM	78464A722	301	6,920	SH		SOLE		6,920	0	0
SPDR Stoxx Europe 50 Fund ETF	COM	78463X103	10,370	288,690	SH		SOLE		288,690	0	0
Stryker Corp	COM	863667101	519	3,350	SH		SOLE		3,350	0	0
TJX Companies Inc	COM	872540109	284	3,709	SH		SOLE		3,709	0	0
Technology Select Sect SPDR	COM	81369y803	274	4,278	SH		SOLE		4,278	0	0
Texas Instruments Inc	COM	882508104	451	4,323	SH		SOLE		4,323	0	0
The Chemours Company	COM	163851108	1,553	31,013	SH		SOLE		31,013	0	0
The Priceline Group	COM	741503403	978	563	SH		SOLE		563	0	0
Thermo Fisher Scientific Inc	COM	883556102	256	1,349	SH		SOLE		1,349	0	0
Total SA-Spon ADR	COM	89151E109	219	3,960	SH		SOLE		3,960	0	0
Travelers Cos Inc	COM	89417E109	242	1,783	SH		SOLE		1,783	0	0
Tyson Foods Inc-Cl A	COM	902494103	268	3,300	SH		SOLE		3,300	0	0
Union Pacific Corp	COM	907818108	4,126	30,767	SH		SOLE		30,767	0	0
United Parcel Service - Cl B	COM	911312106	9,537	80,041	SH		SOLE		80,041	0	0
United Technologies Corp	COM	913017109	10,940	85,756	SH		SOLE		85,756	0	0
Unitedhealth Group	COM	91324P102	686	3,110	SH		SOLE		3,110	0	0
Utilities Select Sector Spdr E	COM	81369y886	705	13,391	SH		SOLE		13,391	0	0
VEREIT Inc	COM	92339V100	6,435	826,050	SH		SOLE		826,050	0	0
Valero Energy Corp	COM	91913Y100	772	8,402	SH		SOLE		8,402	0	0
Vanguard High Dvd Yld ETF	COM	921946406	3,038	35,484	SH		SOLE		35,484	0	0
Vanguard Info Tech ETF	COM	92204A702	5,816	35,307	SH		SOLE		35,307	0	0
Vanguard Large-Cap ETF	COM	922908637	2,609	21,280	SH		SOLE		21,280	0	0
Vanguard MSCI EAFE ETF	COM	921943858	771	17,184	SH		SOLE		17,184	0	0
Vanguard Mid-Cap ETF	COM	922908629	1,875	12,114	SH		SOLE		12,114	0	0
Vanguard Small-Cap ETF	COM	922908751	1,063	7,195	SH		SOLE		7,195	0	0
Vanguard Telecom Service ETF	COM	92204A884	562	6,163	SH		SOLE		6,163	0	0
Vanguard Utilities ETF	COM	92204A876	2,087	17,900	SH		SOLE		17,900	0	0
Verizon Communications	COM	92343V104	13,606	257,058	SH		SOLE		257,058	0	0
Visa Inc - Class A Shares	COM	92826C839	388	3,404	SH		SOLE		3,404	0	0
Wal-Mart Stores Inc	COM	931142103	385	3,900	SH		SOLE		3,900	0	0
Wells Fargo Company	COM	949746101	1,230	20,266	SH		SOLE		20,266	0	0
Weyerhaeuser Co	COM	962166104	9,584	271,810	SH		SOLE		271,810	0	0
Whirlpool Corp	COM	963320106	472	2,801	SH		SOLE		2,801	0	0
Willis Towers Watson PLC	COM	G96629103	1,796	11,916	SH		SOLE		11,916	0	0
Xilinx Corp	COM	983919101	9,766	144,848	SH		SOLE		144,848	0	0
YUM! Brands Inc	COM	988498101	11,457	140,387	SH		SOLE		140,387	0	0