FIRST HORIZON CORP — Director's Dealing 2003

Aug 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST TENNESSEE NATIONAL CORP (FTN)
CIK: 0000036966
Period of Report: 2003-07-31

Reporting Person: MOSBY MARLIN L III (EVP, Strategic Planning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-31	Common Stock	M	3652	$30.48	Acquired	15269	Direct
2003-08-01	Common Stock	S	3652	$43.2233	Disposed	11617	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-31	Stock Options (Right to buy)	$30.48	M	3652	Disposed	2011-02-23	Common Stock (3652)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1608	Indirect

Footnotes

F1: End-of-period total includes adjustment reflecting exempt acquisitions under Issuer's 401(k) Plan. Information is as of the latest available statement.

F2: Options are exercisable 50% after 4 yrs, 100% after 5 yrs, with vesting accelerated if performance criteria (issuer stock price equals or exceeds $41.69 on 2/23/04 or on 5 consecutive days before 2/24/04) are met. Criteria were met and options vested on 4/25/03.