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
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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
Wells Fargo & Co New Perp Pfd	CV PFD	949746804	1,282	845	SH		SOLE		575	0	270
Wells Fargo & Co New Perp Pfd	CV PFD	949746804	501	330	SH		OTR		110	0	220
AG Mortgage Inv Tr 8 Pfd Ser B	PRD	001228303	168	6,600	SH		SOLE		0	0	6,600
AG Mortgage Inv Tr 8 Pfd Ser B	PRD	001228303	138	5,400	SH		OTR		4,000	0	1,400
AG Mortgage Inv Tr 8.25 Pfd Se	PRD	001228204	231	9,100	SH		SOLE		0	0	9,100
AG Mortgage Inv Tr 8.25 Pfd Se	PRD	001228204	51	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 Corp DP Shs P	PRD	14040H824	17	700	SH		OTR		700	0	0
Capital One Finl Pfd Ser H	PRD	14040H840	45	1,700	SH		OTR		0	0	1,700
Energy Transfer Operat 7.625 P	PRD	29278N400	330	13,400	SH		SOLE		13,400	0	0
Energy Transfer Operat 7.625 P	PRD	29278N400	17	700	SH		OTR		700	0	0
Golar LNG Partners LP 8.75 Cum	PRD	Y2745C110	101	4,000	SH		OTR		4,000	0	0
JPMorgan Chase 6.15 Pfd Ser H	PRD	48127V827	264	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
New Residential Inv Cp 7.125 C	PRD	64828T409	177	7,000	SH		SOLE		7,000	0	0
Pennymac Mtg Invt Tr Pfd Ser A	PRD	70931T301	107	4,000	SH		OTR		4,000	0	0
Two Harbor Invt Corp 7.50 Cum	PRD	90187B705	785	30,950	SH		SOLE		16,050	0	14,900
Two Harbor Invt Corp 7.50 Cum	PRD	90187B705	342	13,500	SH		OTR		7,900	0	5,600
3M Co.	COM	88579Y101	302	1,835	SH		SOLE		225	0	1,610
3M Co.	COM	88579Y101	327	1,990	SH		OTR		424	0	1,566
AFLAC Inc.	COM	001055102	3,299	63,050	SH		SOLE		51,262	0	11,788
AFLAC Inc.	COM	001055102	144	2,756	SH		OTR		156	0	2,600
AT&T Inc	COM	00206R102	474	12,525	SH		SOLE		125	0	12,400
AT&T Inc	COM	00206R102	3	81	SH		OTR		81	0	0
AbbVie Inc.	COM	00287Y109	833	10,995	SH		SOLE		4,235	0	6,760
AbbVie Inc.	COM	00287Y109	390	5,150	SH		OTR		250	0	4,900
Abbott Labs	COM	002824100	147	1,760	SH		SOLE		0	0	1,760
Abbott Labs	COM	002824100	427	5,100	SH		OTR		0	0	5,100
Adobe Sys Inc Com	COM	00724F101	34	124	SH		SOLE		124	0	0
Adobe Sys Inc Com	COM	00724F101	83	300	SH		OTR		0	0	300
Advanced Micro Devices Com	COM	007903107	20,096	693,200	SH		SOLE		310,900	0	382,300
Advanced Micro Devices Com	COM	007903107	426	14,700	SH		OTR		700	0	14,000
Albemarle Corp.	COM	012653101	10,088	145,113	SH		SOLE		68,763	0	76,350
Albemarle Corp.	COM	012653101	566	8,138	SH		OTR		6,838	0	1,300
Alphabet Inc Cap Stk Cl A	COM	02079K305	19,765	16,186	SH		SOLE		8,424	0	7,762
Alphabet Inc Cap Stk Cl A	COM	02079K305	1,109	908	SH		OTR		258	0	650
Alphabet Inc Cap Stk Cl C	COM	02079K107	6,750	5,537	SH		SOLE		2,496	0	3,041
Alphabet Inc Cap Stk Cl C	COM	02079K107	234	192	SH		OTR		114	0	78
Amazon Com Inc Com	COM	023135106	231	133	SH		SOLE		8	0	125
Amer States Water Co	COM	029899101	250	2,780	SH		OTR		0	0	2,780
Amgen, Inc. Com	COM	031162100	666	3,440	SH		SOLE		1,765	0	1,675
Amgen, Inc. Com	COM	031162100	62	322	SH		OTR		122	0	200
Apache Corp	COM	037411105	51	2,010	SH		SOLE		1,310	0	700
Apple, Inc.	COM	037833100	31,951	142,659	SH		SOLE		79,296	0	63,363
Apple, Inc.	COM	037833100	2,168	9,679	SH		OTR		3,225	0	6,454
Applied Materials Inc.	COM	038222105	4,680	93,785	SH		SOLE		73,385	0	20,400
Applied Materials Inc.	COM	038222105	101	2,020	SH		OTR		500	0	1,520
Aptiv PLC	COM	G6095L109	13,574	155,270	SH		SOLE		67,570	0	87,700
Aptiv PLC	COM	G6095L109	494	5,655	SH		OTR		2,980	0	2,675
Avery Dennison Corp.	COM	053611109	170	1,500	SH		SOLE		0	0	1,500
Avery Dennison Corp.	COM	053611109	307	2,700	SH		OTR		2,700	0	0
B&G Foods Inc.	COM	05508R106	1,000	52,900	SH		SOLE		22,900	0	30,000
B&G Foods Inc.	COM	05508R106	85	4,500	SH		OTR		2,400	0	2,100
BP PLC Spons ADR	COM	055622104	84	2,200	SH		SOLE		0	0	2,200
BP PLC Spons ADR	COM	055622104	207	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	373	1,792	SH		SOLE		1,792	0	0
Berkshire Hathaway Cl B	COM	084670207	11	55	SH		OTR		0	0	55
Boeing Co.	COM	097023105	373	980	SH		SOLE		25	0	955
Bright Horizons Family Solutio	COM	109194100	18,610	122,030	SH		SOLE		59,175	0	62,855
Bright Horizons Family Solutio	COM	109194100	603	3,955	SH		OTR		355	0	3,600
Broadridge Financial Solutions	COM	11133T103	20,240	162,663	SH		SOLE		80,633	0	82,030
Broadridge Financial Solutions	COM	11133T103	922	7,410	SH		OTR		3,360	0	4,050
CSX Corp	COM	126408103	45	650	SH		SOLE		650	0	0
CVS Caremark Corp	COM	126650100	17	263	SH		SOLE		0	0	263
California Wtr Svc Group	COM	130788102	159	3,000	SH		SOLE		0	0	3,000
Capital One Finl Corp	COM	14040H105	14,802	162,694	SH		SOLE		70,830	0	91,864
Capital One Finl Corp	COM	14040H105	491	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	651	15,557	SH		SOLE		13,957	0	1,600
Charles Schwab Corp (New)	COM	808513105	125	3,000	SH		OTR		3,000	0	0
Chevron Corp	COM	166764100	3,174	26,766	SH		SOLE		18,833	0	7,933
Chevron Corp	COM	166764100	3,008	25,361	SH		OTR		4,252	0	21,109
Cisco Systems	COM	17275R102	6,211	125,701	SH		SOLE		90,601	0	35,100
Cisco Systems	COM	17275R102	394	7,975	SH		OTR		1,850	0	6,125
Coca Cola Co	COM	191216100	655	12,030	SH		SOLE		0	0	12,030
Coca Cola Co	COM	191216100	11	200	SH		OTR		0	0	200
Comcast Corp New Cl A	COM	20030N101	68	1,500	SH		SOLE		0	0	1,500
Constellation Brands Inc Cl A	COM	21036P108	35	170	SH		SOLE		0	0	170
Corteva Inc	COM	22052L104	119	4,264	SH		SOLE		2,016	0	2,248
Corteva Inc	COM	22052L104	86	3,065	SH		OTR		1,599	0	1,466
Costco Wholesale	COM	22160K105	23,063	80,049	SH		SOLE		38,263	0	41,786
Costco Wholesale	COM	22160K105	919	3,191	SH		OTR		1,156	0	2,035
Crimson Wine Group Ltd	COM	22662X100	151	20,000	SH		SOLE		20,000	0	0
DR Horton Inc	COM	23331A109	15,724	298,309	SH		SOLE		143,355	0	154,954
DR Horton Inc	COM	23331A109	589	11,181	SH		OTR		5,315	0	5,866
Danaher Corp Del COM	COM	235851102	20,608	142,683	SH		SOLE		67,573	0	75,110
Danaher Corp Del COM	COM	235851102	1,314	9,100	SH		OTR		2,845	0	6,255
Deere & Co	COM	244199105	11	63	SH		SOLE		63	0	0
Disney Walt Co Del	COM	254687106	15,884	121,886	SH		SOLE		48,630	0	73,256
Disney Walt Co Del	COM	254687106	743	5,702	SH		OTR		1,811	0	3,891
Dow Inc	COM	260557103	203	4,264	SH		SOLE		2,016	0	2,248
Dow Inc	COM	260557103	179	3,765	SH		OTR		2,299	0	1,466
Dupont De Nemours Inc Com	COM	26614N102	397	5,564	SH		SOLE		2,016	0	3,548
Dupont De Nemours Inc Com	COM	26614N102	192	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	119	600	SH		SOLE		0	0	600
Edwards Lifesciences Inc.	COM	28176E108	10,798	49,100	SH		SOLE		4,000	0	45,100
Energy Transfer LP UT Ltd Ptn	COM	29273V100	63	4,800	SH		SOLE		0	0	4,800
Exxon Mobil Corp	COM	30231G102	707	10,008	SH		SOLE		3,250	0	6,758
Exxon Mobil Corp	COM	30231G102	199	2,823	SH		OTR		750	0	2,073
Fiserv Inc Com	COM	337738108	19,918	192,277	SH		SOLE		89,707	0	102,570
Fiserv Inc Com	COM	337738108	1,202	11,600	SH		OTR		3,600	0	8,000
Fortive Corp.	COM	34959J108	14,297	208,530	SH		SOLE		78,190	0	130,340
Fortive Corp.	COM	34959J108	634	9,245	SH		OTR		2,945	0	6,300
Franco Nevada Corp	COM	351858105	27	300	SH		SOLE		0	0	300
GW Pharmaceuticals PLC ADS	COM	36197T103	13	115	SH		OTR		0	0	115
General Elec Co	COM	369604103	255	28,500	SH		SOLE		19,100	0	9,400
General Elec Co	COM	369604103	73	8,148	SH		OTR		0	0	8,148
Gilead Sciences Inc.	COM	375558103	1,323	20,880	SH		SOLE		4,925	0	15,955
Gilead Sciences Inc.	COM	375558103	108	1,700	SH		OTR		0	0	1,700
Halliburton Co	COM	406216101	792	42,000	SH		SOLE		19,350	0	22,650
Halliburton Co	COM	406216101	204	10,825	SH		OTR		7,225	0	3,600
Hexcel Corp	COM	428291108	22,370	272,367	SH		SOLE		132,063	0	140,304
Hexcel Corp	COM	428291108	964	11,740	SH		OTR		1,040	0	10,700
Home Depot Inc	COM	437076102	17,608	75,892	SH		SOLE		36,167	0	39,725
Home Depot Inc	COM	437076102	1,140	4,912	SH		OTR		1,462	0	3,450
Hon Hai Precision Inds ORD	COM	Y36861105	2	1,000	SH		OTR		1,000	0	0
Honeywell Intl Inc	COM	438516106	100	590	SH		SOLE		590	0	0
IHS Markit LTD	COM	G47567105	147	2,200	SH		SOLE		0	0	2,200
IQVIA Holdings Inc	COM	46266C105	19,670	131,676	SH		SOLE		63,018	0	68,658
IQVIA Holdings Inc	COM	46266C105	1,061	7,100	SH		OTR		450	0	6,650
Int'l Bus Mach	COM	459200101	131	900	SH		OTR		0	0	900
Intel Corp	COM	458140100	431	8,355	SH		SOLE		700	0	7,655
Intel Corp	COM	458140100	21	400	SH		OTR		0	0	400
Intercontinental Exchange Grou	COM	45866F104	20,376	220,831	SH		SOLE		105,951	0	114,880
Intercontinental Exchange Grou	COM	45866F104	1,413	15,310	SH		OTR		4,175	0	11,135
Intuitive Surgical Inc Com New	COM	46120E602	132	244	SH		SOLE		0	0	244
JPMorgan Chase & Co	COM	46625H100	7,146	60,720	SH		SOLE		4,270	0	56,450
JPMorgan Chase & Co	COM	46625H100	465	3,950	SH		OTR		250	0	3,700
Johnson & Johnson	COM	478160104	16,699	129,069	SH		SOLE		59,223	0	69,846
Johnson & Johnson	COM	478160104	967	7,477	SH		OTR		2,517	0	4,960
Kimberly Clark Corp	COM	494368103	156	1,100	SH		SOLE		0	0	1,100
Kontoor Brands Inc	COM	50050N103	9	245	SH		SOLE		217	0	28
Lowes Cos Inc Com	COM	548661107	54	488	SH		SOLE		0	0	488
Marsh & McLennan Cos Inc.	COM	571748102	180	1,800	SH		SOLE		0	0	1,800
McDonalds Corp	COM	580135101	440	2,050	SH		SOLE		0	0	2,050
McDonalds Corp	COM	580135101	91	425	SH		OTR		0	0	425
Merck & Co Inc	COM	58933Y105	10,639	126,388	SH		SOLE		99,348	0	27,040
Merck & Co Inc	COM	58933Y105	255	3,030	SH		OTR		405	0	2,625
Microsoft Corp	COM	594918104	1,063	7,645	SH		SOLE		2,011	0	5,634
Microsoft Corp	COM	594918104	347	2,493	SH		OTR		60	0	2,433
Nestle SA Spons ADR (For Reg)	COM	641069406	6,521	60,158	SH		SOLE		53,452	0	6,706
Nestle SA Spons ADR (For Reg)	COM	641069406	574	5,298	SH		OTR		2,375	0	2,923
Nike, Inc. Cl B	COM	654106103	12	125	SH		OTR		0	0	125
Norfolk Southern Corp	COM	655844108	216	1,200	SH		SOLE		0	0	1,200
OGE Energy Corp.	COM	670837103	22	480	SH		SOLE		480	0	0
Occidental Pete Corp D	COM	674599105	240	5,400	SH		SOLE		3,300	0	2,100
Occidental Pete Corp D	COM	674599105	27	600	SH		OTR		200	0	400
Oracle Systems Corp	COM	68389X105	363	6,600	SH		SOLE		6,000	0	600
Paccar Inc	COM	693718108	179	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	23,781	229,571	SH		SOLE		108,051	0	121,520
PayPal Holdings Inc.	COM	70450Y103	1,596	15,406	SH		OTR		4,956	0	10,450
Pepsico Inc	COM	713448108	17,789	129,749	SH		SOLE		57,243	0	72,506
Pepsico Inc	COM	713448108	931	6,792	SH		OTR		1,265	0	5,527
Pfizer Inc	COM	717081103	204	5,680	SH		SOLE		1,380	0	4,300
Pfizer Inc	COM	717081103	578	16,080	SH		OTR		1,500	0	14,580
Procter & Gamble Co.	COM	742718109	2,210	17,767	SH		SOLE		4,299	0	13,468
Procter & Gamble Co.	COM	742718109	1,696	13,638	SH		OTR		700	0	12,938
Regeneron Pharmaceutical Com	COM	75886F107	1,235	4,451	SH		SOLE		3,466	0	985
Roper Technologies Inc	COM	776696106	20,825	58,398	SH		SOLE		27,533	0	30,865
Roper Technologies Inc	COM	776696106	1,056	2,960	SH		OTR		1,035	0	1,925
Ross Stores Inc.	COM	778296103	648	5,900	SH		SOLE		5,900	0	0
Royal Dutch Shell PLC Spons AD	COM	780259206	1,623	27,574	SH		SOLE		25,374	0	2,200
Salesforce.com Inc	COM	79466L302	8,981	60,505	SH		SOLE		14,580	0	45,925
Salesforce.com Inc	COM	79466L302	174	1,175	SH		OTR		175	0	1,000
Sanofi - ADR	COM	80105N105	96	2,075	SH		SOLE		75	0	2,000
Sanofi - ADR	COM	80105N105	56	1,200	SH		OTR		0	0	1,200
Schlumberger Ltd	COM	806857108	7,531	220,393	SH		SOLE		9,673	0	210,720
Schlumberger Ltd	COM	806857108	2	70	SH		OTR		70	0	0
Sempra Energy	COM	816851109	118	800	SH		SOLE		0	0	800
Sempra Energy	COM	816851109	240	1,624	SH		OTR		1,624	0	0
Sibanye-Stillwater Spons ADR	COM	825724206	25	4,547	SH		SOLE		0	0	4,547
Siemens AG Spons ADR (new)	COM	826197501	79	1,468	SH		SOLE		0	0	1,468
Smith & Nephew PLC Spons ADR	COM	83175M205	392	8,150	SH		SOLE		0	0	8,150
Southwestern Energy Co	COM	845467109	8	4,028	SH		SOLE		2,285	0	1,743
Starbucks Corp	COM	855244109	35	400	SH		OTR		400	0	0
State Street Corp	COM	857477103	74	1,250	SH		SOLE		0	0	1,250
State Street Corp	COM	857477103	27	450	SH		OTR		0	0	450
Tredegar Corp.	COM	894650100	28	1,455	SH		SOLE		1,455	0	0
Union Pac Corp	COM	907818108	20	124	SH		SOLE		124	0	0
United Parcel Service Cl B	COM	911312106	324	2,700	SH		SOLE		2,700	0	0
United Technologies	COM	913017109	223	1,634	SH		SOLE		0	0	1,634
Universal Display Corp Com	COM	91347P105	118	700	SH		SOLE		0	0	700
V F Corp	COM	918204108	156	1,750	SH		SOLE		1,550	0	200
Vail Resorts Inc.	COM	91879Q109	16,244	71,385	SH		SOLE		30,800	0	40,585
Vail Resorts Inc.	COM	91879Q109	691	3,035	SH		OTR		1,145	0	1,890
Verisign Inc. Com.	COM	92343E102	1,139	6,038	SH		SOLE		6,038	0	0
Verizon Communications	COM	92343V104	1,400	23,190	SH		SOLE		14,900	0	8,290
Verizon Communications	COM	92343V104	216	3,585	SH		OTR		1,450	0	2,135
Vertex Pharmaceuticals Com	COM	92532F100	1,190	7,023	SH		SOLE		2,382	0	4,641
Vertex Pharmaceuticals Com	COM	92532F100	305	1,800	SH		OTR		200	0	1,600
Visa Inc Cl A	COM	92826C839	23,091	134,242	SH		SOLE		58,883	0	75,359
Visa Inc Cl A	COM	92826C839	1,623	9,436	SH		OTR		2,645	0	6,791
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	105	1,891	SH		OTR		0	0	1,891
Wisdomtree Tr India Erngs Fd	COM	97717W422	5	220	SH		SOLE		220	0	0
Zoetis Inc Cl A	COM	98978V103	15	118	SH		SOLE		118	0	0
Zoetis Inc Cl A	COM	98978V103	128	1,028	SH		OTR		0	0	1,028
Aberdeen Emerging Markets Fd C	EQ FDS	003021250	35	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	50	1,084	SH		SOLE		1,084	0	0
Schwab Small Cap Index Fd	EQ FDS	808509848	47	1,657	SH		SOLE		1,657	0	0