Kelly Lawrence W & Associates 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
Wells Fargo & Co New Perp Pfd	CV PFD	949746804	1,154	845	SH		SOLE		575	0	270
Wells Fargo & Co New Perp Pfd	CV PFD	949746804	403	295	SH		OTR		75	0	220
AG Mortgage Inv Tr 8 Pfd Ser B	PRD	001228303	211	8,100	SH		SOLE		1,500	0	6,600
AG Mortgage Inv Tr 8 Pfd Ser B	PRD	001228303	141	5,400	SH		OTR		4,000	0	1,400
AG Mortgage Inv Tr 8.25 Pfd Se	PRD	001228204	235	9,100	SH		SOLE		0	0	9,100
AG Mortgage Inv Tr 8.25 Pfd Se	PRD	001228204	52	2,000	SH		OTR		0	0	2,000
Anworth Mortgage Asset 7.625 P	PRD	037347408	101	4,000	SH		OTR		4,000	0	0
Capital One Finl Pfd Ser H	PRD	14040H840	44	1,700	SH		OTR		0	0	1,700
Golar LNG Partners LP 8.75 Cum	PRD	Y2745C110	100	4,000	SH		OTR		4,000	0	0
JPMorgan Chase 6.15 Pfd Ser H	PRD	48127V827	265	10,200	SH		SOLE		0	0	10,200
JPMorgan Chase 6.15 Pfd Ser H	PRD	48127V827	49	1,900	SH		OTR		0	0	1,900
Pennymac Mtg Invt Tr Pfd Ser A	PRD	70931T301	104	4,000	SH		OTR		4,000	0	0
Two Harbor Invt Corp 7.50 Cum	PRD	90187B705	766	30,950	SH		SOLE		16,050	0	14,900
Two Harbor Invt Corp 7.50 Cum	PRD	90187B705	334	13,500	SH		OTR		7,900	0	5,600
3M Co.	COM	88579Y101	503	2,902	SH		SOLE		225	0	2,677
3M Co.	COM	88579Y101	293	1,690	SH		OTR		124	0	1,566
AFLAC Inc.	COM	001055102	3,456	63,050	SH		SOLE		51,262	0	11,788
AFLAC Inc.	COM	001055102	151	2,756	SH		OTR		156	0	2,600
AT&T Inc	COM	00206R102	420	12,525	SH		SOLE		125	0	12,400
AT&T Inc	COM	00206R102	3	81	SH		OTR		81	0	0
AbbVie Inc.	COM	00287Y109	800	10,995	SH		SOLE		4,235	0	6,760
AbbVie Inc.	COM	00287Y109	375	5,150	SH		OTR		250	0	4,900
Abbott Labs	COM	002824100	152	1,810	SH		SOLE		0	0	1,810
Abbott Labs	COM	002824100	429	5,100	SH		OTR		0	0	5,100
Adobe Sys Inc Com	COM	00724F101	37	124	SH		SOLE		124	0	0
Adobe Sys Inc Com	COM	00724F101	88	300	SH		OTR		0	0	300
Advanced Micro Devices Com	COM	007903107	21,247	699,600	SH		SOLE		317,300	0	382,300
Advanced Micro Devices Com	COM	007903107	446	14,700	SH		OTR		700	0	14,000
Albemarle Corp.	COM	012653101	103	1,463	SH		SOLE		1,463	0	0
Albemarle Corp.	COM	012653101	453	6,438	SH		OTR		6,438	0	0
Alphabet Inc Cap Stk Cl A	COM	02079K305	17,510	16,171	SH		SOLE		8,404	0	7,767
Alphabet Inc Cap Stk Cl A	COM	02079K305	983	908	SH		OTR		258	0	650
Alphabet Inc Cap Stk Cl C	COM	02079K107	5,996	5,547	SH		SOLE		2,506	0	3,041
Alphabet Inc Cap Stk Cl C	COM	02079K107	208	192	SH		OTR		114	0	78
Amazon Com Inc Com	COM	023135106	252	133	SH		SOLE		8	0	125
Amer States Water Co	COM	029899101	209	2,780	SH		OTR		0	0	2,780
Amgen, Inc. Com	COM	031162100	634	3,440	SH		SOLE		1,765	0	1,675
Amgen, Inc. Com	COM	031162100	59	322	SH		OTR		122	0	200
Apache Corp	COM	037411105	194	6,710	SH		SOLE		1,310	0	5,400
Apache Corp	COM	037411105	10	350	SH		OTR		0	0	350
Apple, Inc.	COM	037833100	28,268	142,824	SH		SOLE		79,461	0	63,363
Apple, Inc.	COM	037833100	1,916	9,679	SH		OTR		3,225	0	6,454
Applied Materials Inc.	COM	038222105	4,189	93,285	SH		SOLE		73,385	0	19,900
Applied Materials Inc.	COM	038222105	234	5,220	SH		OTR		500	0	4,720
Aptiv PLC	COM	G6095L109	12,470	154,270	SH		SOLE		67,570	0	86,700
Aptiv PLC	COM	G6095L109	586	7,255	SH		OTR		2,980	0	4,275
Avery Dennison Corp.	COM	053611109	174	1,500	SH		SOLE		0	0	1,500
Avery Dennison Corp.	COM	053611109	312	2,700	SH		OTR		2,700	0	0
B&G Foods Inc.	COM	05508R106	976	46,900	SH		SOLE		22,900	0	24,000
B&G Foods Inc.	COM	05508R106	67	3,200	SH		OTR		2,400	0	800
BP PLC Spons ADR	COM	055622104	154	3,700	SH		SOLE		0	0	3,700
BP PLC Spons ADR	COM	055622104	227	5,449	SH		OTR		0	0	5,449
Bank of New York Mellon	COM	064058100	18	400	SH		OTR		0	0	400
Berkshire Hathaway Cl B	COM	084670207	382	1,792	SH		SOLE		1,792	0	0
Berkshire Hathaway Cl B	COM	084670207	12	55	SH		OTR		0	0	55
Boeing Co.	COM	097023105	360	990	SH		SOLE		35	0	955
Bright Horizons Family Solutio	COM	109194100	18,426	122,130	SH		SOLE		59,250	0	62,880
Bright Horizons Family Solutio	COM	109194100	815	5,405	SH		OTR		355	0	5,050
Broadridge Financial Solutions	COM	11133T103	20,719	162,273	SH		SOLE		80,433	0	81,840
Broadridge Financial Solutions	COM	11133T103	946	7,410	SH		OTR		3,360	0	4,050
CSX Corp	COM	126408103	50	650	SH		SOLE		650	0	0
CVS Caremark Corp	COM	126650100	14	263	SH		SOLE		0	0	263
California Wtr Svc Group	COM	130788102	152	3,000	SH		SOLE		0	0	3,000
Capital One Finl Corp	COM	14040H105	14,575	160,619	SH		SOLE		70,555	0	90,064
Capital One Finl Corp	COM	14040H105	490	5,402	SH		OTR		600	0	4,802
Cardinal Health Inc.	COM	14149Y108	4	93	SH		SOLE		93	0	0
Charles Schwab Corp (New)	COM	808513105	625	15,557	SH		SOLE		13,957	0	1,600
Charles Schwab Corp (New)	COM	808513105	121	3,000	SH		OTR		3,000	0	0
Chevron Corp	COM	166764100	3,505	28,166	SH		SOLE		19,533	0	8,633
Chevron Corp	COM	166764100	3,168	25,461	SH		OTR		4,252	0	21,209
Cisco Systems	COM	17275R102	6,880	125,701	SH		SOLE		90,601	0	35,100
Cisco Systems	COM	17275R102	442	8,075	SH		OTR		1,850	0	6,225
Coca Cola Co	COM	191216100	613	12,030	SH		SOLE		0	0	12,030
Coca Cola Co	COM	191216100	10	200	SH		OTR		0	0	200
Comcast Corp New Cl A	COM	20030N101	63	1,500	SH		SOLE		0	0	1,500
Constellation Brands Inc Cl A	COM	21036P108	33	170	SH		SOLE		0	0	170
Corteva Inc	COM	22052L104	126	4,264	SH		SOLE		2,016	0	2,248
Corteva Inc	COM	22052L104	91	3,065	SH		OTR		1,599	0	1,466
Costco Wholesale	COM	22160K105	21,582	81,669	SH		SOLE		39,103	0	42,566
Costco Wholesale	COM	22160K105	843	3,191	SH		OTR		1,156	0	2,035
DR Horton Inc	COM	23331A109	17,237	399,659	SH		SOLE		197,405	0	202,254
DR Horton Inc	COM	23331A109	841	19,506	SH		OTR		8,640	0	10,866
Danaher Corp Del COM	COM	235851102	20,342	142,333	SH		SOLE		67,598	0	74,735
Danaher Corp Del COM	COM	235851102	1,515	10,600	SH		OTR		2,845	0	7,755
Deere & Co	COM	244199105	10	63	SH		SOLE		63	0	0
Disney Walt Co Del	COM	254687106	16,086	115,196	SH		SOLE		48,690	0	66,506
Disney Walt Co Del	COM	254687106	992	7,102	SH		OTR		1,811	0	5,291
Dow Inc	COM	260557103	210	4,264	SH		SOLE		2,016	0	2,248
Dow Inc	COM	260557103	186	3,765	SH		OTR		2,299	0	1,466
Dupont De Nemours Inc Com	COM	26614N102	320	4,264	SH		SOLE		2,016	0	2,248
Dupont De Nemours Inc Com	COM	26614N102	203	2,699	SH		OTR		1,233	0	1,466
Eaton Corp	COM	G29183103	44	530	SH		SOLE		80	0	450
Ecolab Inc Com	COM	278865100	118	600	SH		SOLE		0	0	600
Edwards Lifesciences Inc.	COM	28176E108	9,071	49,100	SH		SOLE		4,000	0	45,100
Energy Transfer LP UT Ltd Ptn	COM	29273V100	68	4,800	SH		SOLE		0	0	4,800
Exxon Mobil Corp	COM	30231G102	813	10,608	SH		SOLE		3,250	0	7,358
Exxon Mobil Corp	COM	30231G102	216	2,823	SH		OTR		750	0	2,073
Fiserv Inc Com	COM	337738108	17,530	192,297	SH		SOLE		89,707	0	102,590
Fiserv Inc Com	COM	337738108	1,246	13,670	SH		OTR		3,600	0	10,070
Fortive Corp.	COM	34959J108	14,908	182,870	SH		SOLE		78,190	0	104,680
Fortive Corp.	COM	34959J108	754	9,245	SH		OTR		2,945	0	6,300
Franco Nevada Corp	COM	351858105	51	600	SH		SOLE		0	0	600
Franklin Res Inc	COM	354613101	15	423	SH		SOLE		423	0	0
GW Pharmaceuticals PLC ADS	COM	36197T103	20	115	SH		OTR		0	0	115
Garrett Motion Inc	COM	366505105	1	59	SH		SOLE		59	0	0
General Elec Co	COM	369604103	299	28,500	SH		SOLE		19,100	0	9,400
General Elec Co	COM	369604103	86	8,148	SH		OTR		0	0	8,148
Gilead Sciences Inc.	COM	375558103	1,390	20,580	SH		SOLE		4,925	0	15,655
Gilead Sciences Inc.	COM	375558103	115	1,700	SH		OTR		0	0	1,700
Halliburton Co	COM	406216101	955	42,000	SH		SOLE		19,350	0	22,650
Halliburton Co	COM	406216101	246	10,825	SH		OTR		7,225	0	3,600
Hexcel Corp	COM	428291108	22,011	272,142	SH		SOLE		132,388	0	139,754
Hexcel Corp	COM	428291108	950	11,740	SH		OTR		1,040	0	10,700
Home Depot Inc	COM	437076102	15,783	75,892	SH		SOLE		36,167	0	39,725
Home Depot Inc	COM	437076102	1,022	4,912	SH		OTR		1,462	0	3,450
Hon Hai Precision Inds ORD	COM	Y36861105	3	1,000	SH		OTR		1,000	0	0
Honeywell Intl Inc	COM	438516106	103	590	SH		SOLE		590	0	0
IHS Markit LTD	COM	G47567105	140	2,200	SH		SOLE		0	0	2,200
IQVIA Holdings Inc	COM	46266C105	21,198	131,746	SH		SOLE		63,088	0	68,658
IQVIA Holdings Inc	COM	46266C105	1,142	7,100	SH		OTR		450	0	6,650
Illumina Inc Com	COM	452327109	6,627	18,000	SH		SOLE		0	0	18,000
Int'l Bus Mach	COM	459200101	124	900	SH		OTR		0	0	900
Intel Corp	COM	458140100	400	8,355	SH		SOLE		700	0	7,655
Intel Corp	COM	458140100	19	400	SH		OTR		0	0	400
Intercontinental Exchange Grou	COM	45866F104	18,935	220,331	SH		SOLE		105,451	0	114,880
Intercontinental Exchange Grou	COM	45866F104	1,316	15,310	SH		OTR		4,175	0	11,135
Intuitive Surgical Inc Com New	COM	46120E602	180	344	SH		SOLE		0	0	344
JPMorgan Chase & Co	COM	46625H100	6,788	60,720	SH		SOLE		4,270	0	56,450
JPMorgan Chase & Co	COM	46625H100	442	3,950	SH		OTR		250	0	3,700
Johnson & Johnson	COM	478160104	18,048	129,584	SH		SOLE		59,238	0	70,346
Johnson & Johnson	COM	478160104	1,052	7,552	SH		OTR		2,592	0	4,960
Kimberly Clark Corp	COM	494368103	147	1,100	SH		SOLE		0	0	1,100
Kontoor Brands Inc	COM	50050N103	7	245	SH		SOLE		217	0	28
Lowes Cos Inc Com	COM	548661107	49	488	SH		SOLE		0	0	488
Marsh & McLennan Cos Inc.	COM	571748102	199	2,000	SH		SOLE		0	0	2,000
McDonalds Corp	COM	580135101	426	2,050	SH		SOLE		0	0	2,050
McDonalds Corp	COM	580135101	88	425	SH		OTR		0	0	425
Merck & Co Inc	COM	58933Y105	10,598	126,388	SH		SOLE		99,348	0	27,040
Merck & Co Inc	COM	58933Y105	464	5,530	SH		OTR		405	0	5,125
Microsoft Corp	COM	594918104	1,024	7,645	SH		SOLE		2,011	0	5,634
Microsoft Corp	COM	594918104	334	2,493	SH		OTR		60	0	2,433
Nestle SA Spons ADR (For Reg)	COM	641069406	6,234	60,290	SH		SOLE		53,584	0	6,706
Nestle SA Spons ADR (For Reg)	COM	641069406	571	5,523	SH		OTR		2,500	0	3,023
Nike, Inc. Cl B	COM	654106103	10	125	SH		OTR		0	0	125
Norfolk Southern Corp	COM	655844108	239	1,200	SH		SOLE		0	0	1,200
OGE Energy Corp.	COM	670837103	20	480	SH		SOLE		480	0	0
Occidental Pete Corp D	COM	674599105	272	5,400	SH		SOLE		3,300	0	2,100
Occidental Pete Corp D	COM	674599105	30	600	SH		OTR		200	0	400
Oracle Systems Corp	COM	68389X105	376	6,600	SH		SOLE		6,000	0	600
Paccar Inc	COM	693718108	183	2,550	SH		SOLE		0	0	2,550
Panasonic Corp ADR (new)	COM	69832A205	4	465	SH		SOLE		465	0	0
PayPal Holdings Inc.	COM	70450Y103	26,312	229,881	SH		SOLE		108,076	0	121,805
PayPal Holdings Inc.	COM	70450Y103	1,763	15,406	SH		OTR		4,956	0	10,450
Pepsico Inc	COM	713448108	16,867	128,629	SH		SOLE		57,323	0	71,306
Pepsico Inc	COM	713448108	891	6,792	SH		OTR		1,265	0	5,527
Pfizer Inc	COM	717081103	246	5,680	SH		SOLE		1,380	0	4,300
Pfizer Inc	COM	717081103	697	16,080	SH		OTR		1,500	0	14,580
Procter & Gamble Co.	COM	742718109	1,948	17,767	SH		SOLE		4,299	0	13,468
Procter & Gamble Co.	COM	742718109	1,495	13,638	SH		OTR		700	0	12,938
Regeneron Pharmaceutical Com	COM	75886F107	1,288	4,116	SH		SOLE		3,466	0	650
Resideo Technologies Inc	COM	76118Y104	2	98	SH		SOLE		98	0	0
Roper Technologies Inc	COM	776696106	21,354	58,303	SH		SOLE		27,563	0	30,740
Roper Technologies Inc	COM	776696106	1,295	3,535	SH		OTR		1,085	0	2,450
Ross Stores Inc.	COM	778296103	585	5,900	SH		SOLE		5,900	0	0
Royal Dutch Shell PLC Spons AD	COM	780259206	1,794	27,574	SH		SOLE		25,374	0	2,200
Salesforce.com Inc	COM	79466L302	8,513	56,105	SH		SOLE		14,580	0	41,525
Salesforce.com Inc	COM	79466L302	152	1,000	SH		OTR		0	0	1,000
Sanofi - ADR	COM	80105N105	90	2,075	SH		SOLE		75	0	2,000
Sanofi - ADR	COM	80105N105	58	1,350	SH		OTR		0	0	1,350
Schlumberger Ltd	COM	806857108	7,046	177,293	SH		SOLE		9,673	0	167,620
Schlumberger Ltd	COM	806857108	115	2,895	SH		OTR		470	0	2,425
Sempra Energy	COM	816851109	110	800	SH		SOLE		0	0	800
Sempra Energy	COM	816851109	223	1,624	SH		OTR		1,624	0	0
Sibanye-Stillwater Spons ADR	COM	825724206	45	9,547	SH		SOLE		0	0	9,547
Siemens AG Spons ADR (new)	COM	826197501	87	1,468	SH		SOLE		0	0	1,468
Smith & Nephew PLC Spons ADR	COM	83175M205	355	8,150	SH		SOLE		0	0	8,150
Southwestern Energy Co	COM	845467109	13	4,028	SH		SOLE		2,285	0	1,743
Starbucks Corp	COM	855244109	34	400	SH		OTR		400	0	0
State Street Corp	COM	857477103	70	1,250	SH		SOLE		0	0	1,250
State Street Corp	COM	857477103	25	450	SH		OTR		0	0	450
Tredegar Corp.	COM	894650100	24	1,455	SH		SOLE		1,455	0	0
Union Pac Corp	COM	907818108	21	124	SH		SOLE		124	0	0
United Parcel Service Cl B	COM	911312106	279	2,700	SH		SOLE		2,700	0	0
United Technologies	COM	913017109	213	1,634	SH		SOLE		0	0	1,634
Universal Display Corp Com	COM	91347P105	132	700	SH		SOLE		0	0	700
V F Corp	COM	918204108	153	1,750	SH		SOLE		1,550	0	200
Vail Resorts Inc.	COM	91879Q109	14,202	63,635	SH		SOLE		29,900	0	33,735
Vail Resorts Inc.	COM	91879Q109	677	3,035	SH		OTR		1,145	0	1,890
Verisign Inc. Com.	COM	92343E102	1,263	6,038	SH		SOLE		6,038	0	0
Verizon Communications	COM	92343V104	1,325	23,190	SH		SOLE		14,900	0	8,290
Verizon Communications	COM	92343V104	205	3,585	SH		OTR		1,450	0	2,135
Vertex Pharmaceuticals Com	COM	92532F100	1,304	7,113	SH		SOLE		2,472	0	4,641
Vertex Pharmaceuticals Com	COM	92532F100	353	1,925	SH		OTR		325	0	1,600
Visa Inc Cl A	COM	92826C839	23,313	134,332	SH		SOLE		58,958	0	75,374
Visa Inc Cl A	COM	92826C839	1,646	9,486	SH		OTR		2,645	0	6,841
Vivendi ORD Shs	COM	F97982106	22	792	SH		SOLE		792	0	0
Wabtec Corp	COM	929740108	11	150	SH		SOLE		101	0	49
Wabtec Corp	COM	929740108	3	44	SH		OTR		4	0	40
Walgreens Boots Alliance Inc	COM	931427108	41	745	SH		SOLE		0	0	745
Walgreens Boots Alliance Inc	COM	931427108	103	1,891	SH		OTR		0	0	1,891
Wisdomtree Tr India Erngs Fd	COM	97717W422	6	220	SH		SOLE		220	0	0
Zoetis Inc Cl A	COM	98978V103	13	118	SH		SOLE		118	0	0
Zoetis Inc Cl A	COM	98978V103	117	1,028	SH		OTR		0	0	1,028
Aberdeen Emerging Markets Fd C	EQ FDS	003021250	36	2,349	SH		SOLE		0	0	2,349
Matthews Asia Small Companies	EQ FDS	577125206	23	1,331	SH		SOLE		0	0	1,331
Schwab S&P 500 Index Fd	EQ FDS	808509855	49	1,084	SH		SOLE		1,084	0	0
Schwab Small Cap Index Fd	EQ FDS	808509848	48	1,657	SH		SOLE		1,657	0	0