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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	4,300	19,589	SH		SOLE		19,589	0	0
AT&T Corp New	COM	00206r102	7,522	210,985	SH		SOLE		210,985	0	0
Abbott Laboratories	COM	002824100	14,065	234,727	SH		SOLE		234,727	0	0
Agilent Technologies Inc	COM	00846U101	9,520	142,308	SH		SOLE		142,308	0	0
Alphabet Inc - Class A	COM	02079K305	530	511	SH		SOLE		511	0	0
Alphabet Inc - Class C	COM	02079K107	494	479	SH		SOLE		479	0	0
Altria Group Inc	COM	02209S103	356	5,707	SH		SOLE		5,707	0	0
Amazon.com Inc	COM	023135106	543	375	SH		SOLE		375	0	0
American Express Company	COM	025816109	289	3,099	SH		SOLE		3,099	0	0
Amgen Inc	COM	031162100	736	4,320	SH		SOLE		4,320	0	0
Anthem Inc	COM	036752103	1,111	5,059	SH		SOLE		5,059	0	0
Apple Computer	COM	037833100	11,510	68,603	SH		SOLE		68,603	0	0
Arrow Electronics Inc	COM	042735100	641	8,327	SH		SOLE		8,327	0	0
Automatic Data Processing	COM	053015103	482	4,248	SH		SOLE		4,248	0	0
BB&T Corporation	COM	054937107	9,587	184,226	SH		SOLE		184,226	0	0
BHP Billiton Limited-SPON ADR	COM	088606108	1,550	34,880	SH		SOLE		34,880	0	0
Bank of New York	COM	064058100	9,023	175,095	SH		SOLE		175,095	0	0
Berkshire Hathaway Inc - Class	COM	084670702	9,838	49,320	SH		SOLE		49,320	0	0
Berkshire Hathaway Inc-CL A	COM	084670108	598	2	SH		SOLE		2	0	0
Boeing Company	COM	097023105	10,039	30,619	SH		SOLE		30,619	0	0
Booking Holdings Inc	COM	09857L108	920	442	SH		SOLE		442	0	0
Bristol-Myers Squibb Co	COM	110122108	408	6,450	SH		SOLE		6,450	0	0
CVS Health Corporation	COM	126650100	281	4,510	SH		SOLE		4,510	0	0
Capital One Financial Corp	COM	14040H105	851	8,879	SH		SOLE		8,879	0	0
Carnival Corp	COM	143658300	10,717	163,425	SH		SOLE		163,425	0	0
Caterpillar Inc	COM	149123101	428	2,907	SH		SOLE		2,907	0	0
Chevron Corp	COM	166764100	9,375	82,209	SH		SOLE		82,209	0	0
Chubb Ltd	COM	H1467J104	331	2,419	SH		SOLE		2,419	0	0
Cisco Systems Inc	COM	17275R102	16,263	379,188	SH		SOLE		379,188	0	0
Coca-Cola Co	COM	191216100	1,830	42,131	SH		SOLE		42,131	0	0
ConocoPhillips	COM	20825C104	1,237	20,863	SH		SOLE		20,863	0	0
Consumer Discretionary Select	COM	81369y407	1,160	11,449	SH		SOLE		11,449	0	0
Consumer Staples Select Sector	COM	81369y308	1,214	23,065	SH		SOLE		23,065	0	0
DXC Technology Company	COM	23355L106	3,905	38,841	SH		SOLE		38,841	0	0
Disney (Walt) Co	COM	254687106	1,522	15,158	SH		SOLE		15,158	0	0
DowDuPont Inc	COM	26078J100	11,586	181,848	SH		SOLE		181,848	0	0
Eaton Corp	COM	G29183103	991	12,400	SH		SOLE		12,400	0	0
Ecolab Inc	COM	278865100	888	6,478	SH		SOLE		6,478	0	0
Emerson Electric Co	COM	291011104	331	4,848	SH		SOLE		4,848	0	0
Energy Select Sector SPDR	COM	81369y506	754	11,182	SH		SOLE		11,182	0	0
Express Scripts Inc	COM	30219g108	253	3,667	SH		SOLE		3,667	0	0
Exxon Mobil Corporation	COM	30231G102	10,238	137,214	SH		SOLE		137,214	0	0
Federated Investors Inc-Cl B	COM	314211103	9,422	282,090	SH		SOLE		282,090	0	0
Financial Select Sector SPDR	COM	81369y605	890	32,275	SH		SOLE		32,275	0	0
General Dynamics Corp	COM	369550108	9,675	43,800	SH		SOLE		43,800	0	0
General Electric Co	COM	369604103	1,614	119,704	SH		SOLE		119,704	0	0
Goldman Sachs Group Inc	COM	38141G104	282	1,121	SH		SOLE		1,121	0	0
HP Inc	COM	40434L105	9,867	450,138	SH		SOLE		450,138	0	0
Hanesbrands Inc	COM	410345102	6,319	343,025	SH		SOLE		343,025	0	0
Health Care Select Sector SPDR	COM	81369Y209	1,538	18,895	SH		SOLE		18,895	0	0
Hewlett Packard Enterprise Co	COM	42824C109	7,734	440,909	SH		SOLE		440,909	0	0
Home Depot Inc	COM	437076102	10,758	60,356	SH		SOLE		60,356	0	0
Honeywell International	COM	438516106	301	2,083	SH		SOLE		2,083	0	0
IShares Core Dividend Growth	COM	46434V621	228	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	386	4,575	SH		SOLE		4,575	0	0
IShares Core MSCI Emerging Mar	COM	46434G103	330	5,650	SH		SOLE		5,650	0	0
IShares Core MSCI Europe ETF	COM	46434V738	298	6,000	SH		SOLE		6,000	0	0
IShares Core MSCI Pacific ETF	COM	46434V696	210	3,500	SH		SOLE		3,500	0	0
IShares Core S&P Total US Stoc	COM	464287150	245	4,050	SH		SOLE		4,050	0	0
IShares Core S&P US Value	COM	464287663	376	7,075	SH		SOLE		7,075	0	0
IShares DJ Select Dividend	COM	464287168	255	2,681	SH		SOLE		2,681	0	0
IShares Emerging Markets Dvd E	COM	464286319	2,281	52,600	SH		SOLE		52,600	0	0
IShares International Select	COM	464288448	11,791	357,205	SH		SOLE		357,205	0	0
IShares MSCI EAFE Index Fund	COM	464287465	545	7,825	SH		SOLE		7,825	0	0
IShares MSCI Emerging Mkts Fd	COM	464287234	434	8,983	SH		SOLE		8,983	0	0
IShares NASDAQ Biotech Fd	COM	464287556	208	1,950	SH		SOLE		1,950	0	0
IShares Russell 2000 ETF	COM	464287655	822	5,412	SH		SOLE		5,412	0	0
IShares S&P 500 Index Fund	COM	464287200	226	851	SH		SOLE		851	0	0
IShares S&P Midcap 400	COM	464287507	1,107	5,900	SH		SOLE		5,900	0	0
IShares S&P Small Cap 600	COM	464287804	777	10,086	SH		SOLE		10,086	0	0
IShares Trust S&P 500/Barra Gr	COM	464287309	465	3,000	SH		SOLE		3,000	0	0
IShares Trust S&P 500/Barra Va	COM	464287408	275	2,517	SH		SOLE		2,517	0	0
Industrial Select Sector SPDR	COM	81369Y704	1,176	15,834	SH		SOLE		15,834	0	0
International Paper Co	COM	460146103	294	5,500	SH		SOLE		5,500	0	0
JP Morgan Chase & Company	COM	46625H100	14,372	130,686	SH		SOLE		130,686	0	0
Johnson & Johnson	COM	478160104	13,077	102,045	SH		SOLE		102,045	0	0
Keysight Technologies Inc	COM	49338L103	3,946	75,315	SH		SOLE		75,315	0	0
Lam Research Corp	COM	512807108	1,307	6,433	SH		SOLE		6,433	0	0
Lear Corp	COM	521865204	281	1,510	SH		SOLE		1,510	0	0
Lehman Bros Holding IXXX Escro	COM	524ESC100	0	10,000	SH		SOLE		10,000	0	0
Lilly Eli & Co	COM	532457108	553	7,149	SH		SOLE		7,149	0	0
Lincoln National Corp	COM	534187109	796	10,898	SH		SOLE		10,898	0	0
Loews Corporation	COM	540424108	201	4,050	SH		SOLE		4,050	0	0
M & T Bank Corporation	COM	55261F104	317	1,722	SH		SOLE		1,722	0	0
McKesson Corp	COM	58155Q103	557	3,956	SH		SOLE		3,956	0	0
Merck & Co. Inc	COM	58933Y105	16,037	294,421	SH		SOLE		294,421	0	0
Micro Focus Intl PLC	COM	594837304	871	62,027	SH		SOLE		62,027	0	0
Microsoft Corp	COM	594918104	16,910	185,278	SH		SOLE		185,278	0	0
Midcap SPDR Trust Series 1	COM	78467y107	207	607	SH		SOLE		607	0	0
Mondelez International Inc	COM	609207105	10,702	256,468	SH		SOLE		256,468	0	0
Monsanto Co	COM	61166W101	211	1,810	SH		SOLE		1,810	0	0
NASDAQ-100 Index Powershares T	COM	73935A104	918	5,730	SH		SOLE		5,730	0	0
Nasdaq Inc	COM	631103108	821	9,523	SH		SOLE		9,523	0	0
Newmont Mining Corp	COM	651639106	301	7,700	SH		SOLE		7,700	0	0
NextEra Energy Inc	COM	65339F101	715	4,375	SH		SOLE		4,375	0	0
Nutrien Ltd	COM	67077M108	9,097	192,480	SH		SOLE		192,480	0	0
Occidental Petroleum Corp	COM	674599105	473	7,285	SH		SOLE		7,285	0	0
OneMain Holdings Inc	COM	68268W103	234	7,810	SH		SOLE		7,810	0	0
Oracle Corporation	COM	68389X105	11,939	260,968	SH		SOLE		260,968	0	0
PNC Financial Services Group	COM	693475105	11,840	78,283	SH		SOLE		78,283	0	0
PPG Industries Inc	COM	693506107	202	1,806	SH		SOLE		1,806	0	0
Pepsico Inc	COM	713448108	1,903	17,436	SH		SOLE		17,436	0	0
Pfizer Inc	COM	717081103	15,125	426,164	SH		SOLE		426,164	0	0
Philip Morris International	COM	718172109	443	4,454	SH		SOLE		4,454	0	0
Phillips 66	COM	718546104	1,198	12,494	SH		SOLE		12,494	0	0
PowerShares S&P 500 Equal Wt T	COM	739371748	841	5,555	SH		SOLE		5,555	0	0
Praxair Inc	COM	74005P104	735	5,097	SH		SOLE		5,097	0	0
Procter & Gamble Co	COM	742718109	9,944	125,434	SH		SOLE		125,434	0	0
Raytheon Company	COM	755111507	12,990	60,191	SH		SOLE		60,191	0	0
Robo Global Robotics & Automat	COM	301505707	272	6,500	SH		SOLE		6,500	0	0
Ross Stores Inc	COM	778296103	901	11,551	SH		SOLE		11,551	0	0
SPDR S&P 500 ETF Trust Series	COM	78462F103	1,561	5,932	SH		SOLE		5,932	0	0
SPDR S&P Pharmaceuticals ETF	COM	78464A722	278	6,640	SH		SOLE		6,640	0	0
SPDR Stoxx Europe 50 Fund ETF	COM	78463X103	11,641	336,045	SH		SOLE		336,045	0	0
Stryker Corp	COM	863667101	249	1,550	SH		SOLE		1,550	0	0
Technology Select Sect SPDR	COM	81369y803	280	4,278	SH		SOLE		4,278	0	0
Texas Instruments Inc	COM	882508104	242	2,325	SH		SOLE		2,325	0	0
The Chemours Company	COM	163851108	1,511	31,013	SH		SOLE		31,013	0	0
Total SA-Spon ADR	COM	89151E109	8,951	155,165	SH		SOLE		155,165	0	0
Travelers Cos Inc	COM	89417E109	248	1,783	SH		SOLE		1,783	0	0
Union Pacific Corp	COM	907818108	4,038	30,039	SH		SOLE		30,039	0	0
United Parcel Service - Cl B	COM	911312106	8,383	80,093	SH		SOLE		80,093	0	0
United Technologies Corp	COM	913017109	10,904	86,661	SH		SOLE		86,661	0	0
Unitedhealth Group	COM	91324P102	601	2,810	SH		SOLE		2,810	0	0
Valero Energy Corp	COM	91913Y100	789	8,502	SH		SOLE		8,502	0	0
Vanguard High Dvd Yld ETF	COM	921946406	3,053	37,009	SH		SOLE		37,009	0	0
Vanguard Info Tech ETF	COM	92204A702	5,694	33,299	SH		SOLE		33,299	0	0
Vanguard Large-Cap ETF	COM	922908637	2,976	24,555	SH		SOLE		24,555	0	0
Vanguard MSCI EAFE ETF	COM	921943858	819	18,499	SH		SOLE		18,499	0	0
Vanguard Mid-Cap ETF	COM	922908629	1,937	12,559	SH		SOLE		12,559	0	0
Vanguard Small-Cap ETF	COM	922908751	1,103	7,505	SH		SOLE		7,505	0	0
Vanguard Telecom Service ETF	COM	92204A884	381	4,554	SH		SOLE		4,554	0	0
Vanguard Utilities ETF	COM	92204A876	1,720	15,379	SH		SOLE		15,379	0	0
Verizon Communications	COM	92343V104	7,563	158,158	SH		SOLE		158,158	0	0
Visa Inc - Class A Shares	COM	92826C839	407	3,404	SH		SOLE		3,404	0	0
Wal-Mart Stores Inc	COM	931142103	347	3,900	SH		SOLE		3,900	0	0
Wells Fargo Company	COM	949746101	971	18,534	SH		SOLE		18,534	0	0
Weyerhaeuser Co	COM	962166104	9,609	274,535	SH		SOLE		274,535	0	0
Whirlpool Corp	COM	963320106	277	1,806	SH		SOLE		1,806	0	0
Willis Towers Watson PLC	COM	G96629103	1,509	9,916	SH		SOLE		9,916	0	0
YUM! Brands Inc	COM	988498101	11,716	137,627	SH		SOLE		137,627	0	0
Zimmer Biomet Inc	COM	98956P102	7,488	68,670	SH		SOLE		68,670	0	0