UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 13F

FORM 13F COVER PAGE

Report for Calendar Year or Quarter ended:	December 31, 2003

Check here if Amendment	( ) ;    Amendment Number:
This Amendment(Check only one.)( )is a restatment.
		                     ( )adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:			Wintrust Financial Corp.
Address:		727 North Bank Lane
			Lake Forest, IL 60045


13F file number:  028-10582

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:		James F. Duca
Title:		Executive Vice President
Phone:		1-800-621-4477
Signature, Place and Date of Signing:

/S/  James F. Duca Lake Forest, IL  February 12, 2004

Report Type (Check only one.):

(  )	13F HOLDINGS REPORT.
(  )	13F NOTICE.
(x )	13F COMBINATION REPORT

List of other Managers Reporting for this Manager: Wayne Hummer Asset Mgmt Co
						   Wayne Hummer Trust Company




FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 2

Form 13F Information Table Entry Total:	441

Form 13F Information Table Value Total:	$800,319,000
List of Other Included Managers: Wayne Hummer Asset Management Company
				 Wayne Hummer Trust Company





                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
                                                                                           
3M COMPANY                     com              88579Y101     2585    30400 SH       SOLE                    25225              5175
                                                              4311    50694 SH       DEFINED 01              19964     2750    27980
                                                                43      500 SH       OTHER   01                                  500
ABBOTT LABORATORIES            com              002824100     4012    86087 SH       SOLE                    78487              7600
                                                              2402    51541 SH       DEFINED 01              36711      475    14355
                                                               121     2600 SH       OTHER   01                                 2600
AFLAC INC                      com              001055102      504    13926 SH       SOLE                    13926
                                                              2688    74285 SH       DEFINED 01               6636     5300    62349
                                                                33      900 SH       OTHER   01                                  900
ALBERTO-CULVER CO CLASS B      com              013068101      724    11470 SH       DEFINED 01              11470
ALLERGAN INC                   com              018490102      253     3300 SH       SOLE                                       3300
ALLTEL CORP                    com              020039103      331     7100 SH       SOLE                     7100
                                                              1550    33267 SH       DEFINED 01              31567              1700
ALTRIA GROUP INC (PHILIP MORRI com              02209S103      276     5075 SH       SOLE                     5075
                                                               301     5540 SH       DEFINED 01               5540
AMBAC FINANCIAL GROUP INC      com              023139108      404     5820 SH       SOLE                     5820
                                                                51      735 SH       DEFINED                   735
AMERICAN EXPRESS               com              025816109     1527    31669 SH       SOLE                    26769      200     4700
                                                              1973    40912 SH       DEFINED 01              12724     2750    25438
                                                                20      425 SH       OTHER   01                                  425
AMERICAN INTERNATIONAL GROUP I com              026874107     4132    62341 SH       SOLE                    55950      920     5471
                                                              6672   100670 SH       DEFINED 01              40367     5417    54886
                                                                75     1129 SH       OTHER   01                                 1129
AMERICAN ITALIAN PASTA CO-CL A com              027070101      343     8175 SH       SOLE                     8125                50
                                                              1220    29110 SH       DEFINED 01              29110
AMERIGAS PARTNERS LP           com              030975106       41     1450 SH       SOLE                     1450
                                                               162     5800 SH       DEFINED                  5800
AMERISOURCEBERGEN CORP         com              03073E105      409     7278 SH       SOLE                     7278
                                                               951    16930 SH       DEFINED 01               2005     1150    13775
                                                                 8      150 SH       OTHER   01                                  150
AMGEN INC.                     com              031162100     1817    29400 SH       SOLE                    29150               250
                                                              3822    61861 SH       DEFINED 01              19046     3140    39675
                                                                49      800 SH       OTHER   01                                  800
ANALOG DEVICES                 com              032654105      602    13185 SH       SOLE                     5185              8000
                                                                16      355 SH       DEFINED                   355
ANHEUSER-BUSCH INC             com              035229103      346     6565 SH       SOLE                     2800              3765
                                                               355     6740 SH       DEFINED 01               3540              3200
APACHE CORP                    com              037411105      579     7139 SH       SOLE                     7064       75
                                                              1987    24504 SH       DEFINED 01              23504              1000
APOGENT TECH INC               com              03760A101     8146   353540 SH       DEFINED 01             353540
APPLIED MATERIALS INC          com              038222105      607    27050 SH       SOLE                    26950               100
                                                             17877   796678 SH       DEFINED 01             796678
AT&T WIRELESS SERVICE          com              00209a106      228    28576 SH       SOLE                     3320        8    25248
                                                                 3      404 SH       DEFINED 01                404
AUTOMATIC DATA PROCESSING      com              053015103       39      995 SH       SOLE                      995
                                                               596    15050 SH       DEFINED 01              13425      800      825
AVERY DENNISON                 com              053611109      440     7850 SH       SOLE                     7850
                                                             13800   246339 SH       DEFINED 01             246139      200
BALL CORP                      com              058498106      581     9750 SH       DEFINED 01               9750
BANK OF AMERICA CORP           com              06605F102      137     1699 SH       SOLE                     1499               200
                                                               994    12364 SH       DEFINED 01              11877      487
BANK ONE CORP                  com              06423A103      506    11090 SH       SOLE                     8633              2457
                                                               463    10153 SH       DEFINED 01               9653               500
BARD (C.R.) INC                com              067383109      338     4165 SH       DEFINED 01               4165
BAXTER INTL                    com              071813109      285     9331 SH       SOLE                     8981      150      200
                                                               210     6875 SH       DEFINED 01               2975              3900
BELLSOUTH CORP                 com              079860102      384    13555 SH       SOLE                    13355               200
                                                              1041    36796 SH       DEFINED 01              34148              2648
BERKSHIRE HATHAWAY INC CL B    com                            1208      429 SH       SOLE                      428                 1
                                                               152       54 SH       DEFINED 01                  2                52
BIOMET INC                     com              090613100     5630   155440 SH       DEFINED 01             155140               300
                                                                11      300 SH       OTHER   01                                  300
BJ SERVICES CO                 com              055482103     5807   161745 SH       DEFINED 01             161745
BLOCK H & R                    com              093671105    14418   260400 SH       DEFINED 01             260400
BORDERS GROUP INC              com              099709107    10215   465990 SH       DEFINED 01             465990
BP PLC SPONSORED ADR           com              055622104     1567    31749 SH       SOLE                    31749
                                                              2547    51618 SH       DEFINED 01              35425     1060    15133
                                                               104     2116 SH       OTHER   01                                 2116
BRISTOL-MYERS SQUIBB           com              110122108     1179    41241 SH       SOLE                    40691               550
                                                               697    24359 SH       DEFINED 01              15909     2400     6050
                                                                29     1000 SH       OTHER   01                                 1000
BURLINGTON RESOURCES           com              122014103     2614    47200 SH       DEFINED 01              47200
CAPITAL ONE FINANCIAL CORP     com              14040h105     9138   149095 SH       DEFINED 01             148985               110
CARBO CERAMICS INC             com              140781105     1225    23910 SH       DEFINED 01              23910
CARDINAL HEALTH INC            com              14149Y108      288     4707 SH       SOLE                     4707
                                                             14960   244608 SH       DEFINED 01             243560      150      898
CAREMARK RX INC.               com              141705103      451    17800 SH       SOLE                                      17800
                                                                26     1012 SH       DEFINED 01               1000                12
CATERPILLAR TRACTOR CO         com              149123101      209     2520 SH       SOLE                       70              2450
                                                               139     1677 SH       DEFINED 01               1677
CENTURYTEL INC                 com              156700106      568    17425 SH       SOLE                    16625               800
                                                              2195    67293 SH       DEFINED 01               8848     5300    53145
                                                                15      462 SH       OTHER   01                                  462
CHARLES SCHWAB CORP NEW        com              808513105      207    17500 SH       DEFINED 01              17500
CHARTER ONE FINANCIAL INC      com              160903100     1272    36810 SH       SOLE                    30960              5850
                                                               107     3100 SH       DEFINED 01               3100
CHEVRONTEXACO CORP             com              166764100     1870    21641 SH       SOLE                    21541               100
                                                              1882    21783 SH       DEFINED 01              15954      231     5598
                                                                24      277 SH       OTHER   01                                  277
CINCINNATI FINANCIAL CORP.     com              172062101      969    23200 SH       SOLE                    23200
                                                              6402   153333 SH       DEFINED 01             153333
CINTAS CORP                    com              172908105      296     5900 SH       SOLE                     5900
                                                             12457   248640 SH       DEFINED 01             246340              2300
                                                                 5      100 SH       OTHER   01                                  100
CISCO SYSTEMS INC              com              17275R102     2062    85118 SH       SOLE                    71718             13400
                                                              5670   234007 SH       DEFINED 01              70779    10625   152603
                                                                22      900 SH       OTHER   01                                  900
CITIGROUP INC                  com              172967101     4849    99907 SH       SOLE                    89732      100    10075
                                                              7783   160346 SH       DEFINED 01              64647     8917    86782
                                                                34      699 SH       OTHER   01                                  699
CITIZENS COMMUNICATTION CO     com              17453B101      117     9406 SH       SOLE                     9406
                                                                34     2774 SH       DEFINED                   774     2000
CLEAR CHANNEL COMMUNICATIONS I com              184502102     1320    28185 SH       SOLE                    27935               250
                                                              1704    36386 SH       DEFINED 01               4282     2550    29554
                                                                21      450 SH       OTHER   01                                  450
CLOROX CO                      com              189054109     7850   161657 SH       DEFINED 01             161657
COCA-COLA CO                   com              191216100      200     3945 SH       SOLE                     3845               100
                                                              1825    35956 SH       DEFINED 01              31256      800     3900
                                                                25      500 SH       OTHER   01                                  500
COLGATE-PALMOLIVE CO           com              194162103      376     7510 SH       SOLE                     7510
                                                              1827    36513 SH       DEFINED 01              35113              1400
COMCAST CORP - NEW CLASS A     com              20030N101      930    28284 SH       SOLE                    17878      158    10248
                                                              2929    89102 SH       DEFINED 01              89022       80
CONAGRA INC                    com              205887102      214     8110 SH       DEFINED 01               8110
CONOCOPHILLIPS                 com              20825C104      984    15007 SH       SOLE                    14607               400
                                                              2347    35793 SH       DEFINED 01               9904     2660    23229
                                                                24      373 SH       OTHER   01                                  373
COOPER COMPANIES               com              216648402      593    12578 SH       SOLE                    12513                65
                                                             13790   292585 SH       DEFINED 01             292585
CORUS BANKSHARES INC           com              220873103      261     8400 SH       SOLE                     8400
CUNO INC                       com              126583103      467    10375 SH       DEFINED 01              10375
CVS CORP DELAWARE              com              126650100     9339   258550 SH       DEFINED 01             258410               140
DATASCOPE CORP.                com              238113104     1075    30000 SH       DEFINED 01              30000
DELL INC                       com              24702R101     1303    38352 SH       SOLE                    27677      100    10575
                                                              2585    76081 SH       DEFINED 01              18206     6200    51675
                                                                24      700 SH       OTHER   01                                  700
DEVRY INC                      com              251893103      240     9550 SH       SOLE                     9550
                                                              7846   312205 SH       DEFINED 01             312205
DIEBOLD INC                    com              253651103      313     5818 SH       SOLE                     5818
                                                                61     1125 SH       DEFINED 01               1125
DISNEY (WALT) COMPANY          com              254687106      563    24111 SH       SOLE                    12511             11600
                                                               512    21939 SH       DEFINED 01              18939              3000
DNP SELECT INCOME FD INC COM   com              23325P104     2341   213627 SH       SOLE                   204142      100     9385
                                                               852    77718 SH       DEFINED 01              51518    16700     9500
                                                                11     1000 SH       OTHER   01                                 1000
DONNELLEY (R.R.)   SON         com              257867101      209     6942 SH       SOLE                     6942
                                                                18      610 SH       DEFINED 01                610
DOW CHEMICAL CO                com              260543103      504    12121 SH       SOLE                     3696              8425
                                                               563    13540 SH       DEFINED 01              13240               300
DU PONT (E.I.) DE NEMOURS      com              263534109      240     5229 SH       SOLE                     4552               677
                                                               650    14155 SH       DEFINED 01              13855      300
DUKE ENERGY CORP               com              264399106      173     8475 SH       SOLE                     8475
                                                               118     5768 SH       DEFINED 01               4600      500      668
E W SCRIPPS CO NEW-CL A        com              811054204      231     2450 SH       SOLE                     2450
                                                              1092    11600 SH       DEFINED 01              11600
EBAY INC                       com              278642103      266     4121 SH       DEFINED 01               3515               606
ECOLAB INC                     com              278865100      567    20700 SH       SOLE                    11225              9475
                                                              1807    66020 SH       DEFINED 01               5739     5650    54631
                                                                11      400 SH       OTHER   01                                  400
ELECTRONIC ARTS INC            com              285512109      205     4300 SH       DEFINED 01               4300
EMERSON ELECTRIC CO            com              291011104      563     8691 SH       SOLE                     8191               500
                                                               794    12265 SH       DEFINED 01              11935      100      230
ENSCO INTERNATIONAL INC.       com              26874Q100      438    16105 SH       SOLE                     5955             10150
                                                                 6      215 SH       DEFINED                   215
EXELON CORP                    com              30161N101      442     6661 SH       SOLE                     2296              4365
                                                               636     9589 SH       DEFINED 01               9289               300
EXXON MOBIL CORP               com              30231G102     5473   133495 SH       SOLE                   111467      100    21928
                                                              9443   230315 SH       DEFINED 01             114227    10570   105518
                                                                87     2120 SH       OTHER   01                                 2120
FANNIE MAE                     com              313586109     1673    22290 SH       SOLE                    18490              3800
                                                               378     5031 SH       DEFINED 01               3261     1270      500
FASTENAL CO.                   com              311900104    16105   323720 SH       DEFINED 01             323720
FEDERAL SIGNAL CORP.           com              313855108      186    10629 SH       DEFINED 01              10629
FEDEX CORP                     com              31304N107      593     8790 SH       SOLE                     8590      100      100
                                                              2470    36588 SH       DEFINED 01               3569     2750    30269
                                                                54      800 SH       OTHER   01                                  800
FIFTH THIRD BANCORP            com              316773100      297     5022 SH       SOLE                     4922               100
                                                               330     5576 SH       DEFINED 01               4976               600
FISERV INC                     com              337381081      755    19100 SH       SOLE                     6400             12700
                                                             10963   277260 SH       DEFINED 01             275260              2000
FLEETBOSTON FINL CORP          com              339030108      393     9011 SH       SOLE                     2796              6215
                                                               100     2300 SH       DEFINED                  2300
FLEXTRONICS INTERNATIONAL LTD  com              Y2573F102      148     9980 SH       SOLE                     9980
                                                                24     1600 SH       DEFINED                  1600
FPL GROUP INC                  com              302571104     1169    17868 SH       SOLE                    17468      100      300
                                                              1888    28856 SH       DEFINED 01               5306     1650    21900
                                                                20      300 SH       OTHER   01                                  300
FREDDIE MAC                    com              313400301      475     8150 SH       SOLE                     8000               150
                                                              1598    27392 SH       DEFINED 01               2752     2400    22240
                                                                15      250 SH       OTHER   01                                  250
GANNETT CO                     com              364730101      134     1507 SH       SOLE                     1407               100
                                                              1600    17950 SH       DEFINED 01              17950
GAP INC                        com              364760108     3127   134723 SH       DEFINED 01             134723
GENENTECH INC                  com              368710406      181     1933 SH       SOLE                     1933
                                                                59      630 SH       DEFINED                   630
GENERAL DYNAMICS CORP          com              369550108     1023    11320 SH       SOLE                     7620              3700
                                                                44      486 SH       DEFINED 01                486
GENERAL ELECTRIC CO            com              369604103     5479   176860 SH       SOLE                   175085      200     1575
                                                             12693   409707 SH       DEFINED 01             223517    16433   169757
                                                                96     3100 SH       OTHER   01                                 3100
GENERAL MILLS INC.             com              370334104      441     9738 SH       SOLE                     2138              7600
                                                               175     3867 SH       DEFINED 01               3867
GENTEX CORP                    com              371901109     1980    44840 SH       DEFINED 01              44840
GILLETTE CO                    com              375766102      146     3982 SH       SOLE                     3730               252
                                                               401    10916 SH       DEFINED 01               7516     3100      300
                                                                11      300 SH       OTHER   01                                  300
GOLDMAN SACHS GROUP INC        com              38141g104      859     8700 SH       DEFINED 01               8325               375
GUIDANT CORP                   com              401698105     9731   161643 SH       DEFINED 01             159775              1868
HARLEY-DAVIDSON INC.           com              412822108      823    17310 SH       SOLE                    17310
                                                              1809    38058 SH       DEFINED 01              14198     1825    22035
                                                                24      500 SH       OTHER   01                                  500
HEALTH MANAGEMENT ASSOCIATES I com              421933102      220     9150 SH       SOLE                     1600              7550
                                                             13273   553055 SH       DEFINED 01             553055
HEINZ (H.J.) CO                com              423074103      157     4300 SH       SOLE                     4300
                                                               146     4000 SH       DEFINED 01               4000
HEWLETT-PACKARD CO             com              428236103      486    21175 SH       SOLE                    20775               400
                                                               425    18511 SH       DEFINED 01              14911     1000     2600
                                                                 5      200 SH       OTHER   01                                  200
HOME DEPOT INC.                com              437076102     1948    54878 SH       SOLE                    54178      200      500
                                                              4509   127039 SH       DEFINED 01              38694     9136    79209
                                                                42     1175 SH       OTHER   01                                 1175
HONEYWELL INC                  com              438516106      478    14305 SH       SOLE                    14305
                                                                60     1796 SH       DEFINED 01               1796
IDEX CORP                      com              45167R104     5685   136700 SH       DEFINED 01             136700
ILLINOIS TOOL WORKS            com              452308109      422     5025 SH       SOLE                     4950       75
                                                             10381   123712 SH       DEFINED 01             123712
INTEL CORP                     com              458140100     2285    71303 SH       SOLE                    70253              1050
                                                              7784   242856 SH       DEFINED 01             102191     9375   131290
                                                                51     1600 SH       OTHER   01                                 1600
INTERNATIONAL BUSINESS MACHINE com              459200101     2441    26333 SH       SOLE                    20108       50     6175
                                                              5221    56335 SH       DEFINED 01              23827     2740    29768
                                                                60      650 SH       OTHER   01                                  650
INTERPUBLIC GROUP OF COS INC.  com              460690100     5785   370830 SH       DEFINED 01             370830
ISHARES RUSSELL 1000 VALUE FUN com              464287598      619    10608 SH       DEFINED 01                                10608
ISHARES TR S&P SMALLCAP 600/BA com              464287887      341     3849 SH       DEFINED 01               1724              2125
ISHARES TR S&P SMALLCAP 600/BA com              464287879      353     3512 SH       DEFINED 01               1562              1950
ISHARES TRUST MSCI EAFE INDEX  com              464287465      236     1727 SH       DEFINED 01               1727
ISHARES TRUST S&P MIDCAP 400/B com              464287705      679     6150 SH       DEFINED 01               2316              3834
ISHARES TRUST S&P MIDCAPY 400/ com              464287606      411     3459 SH       DEFINED 01               2059              1400
J. P. MORGAN CHASE & CO.       com              4662SH100     1236    33664 SH       SOLE                    24514              9150
                                                               288     7854 SH       DEFINED 01               7429      425
JABIL CIRCUIT INC              com                             300    10600 SH       SOLE                                      10600
JOHNSON & JOHNSON              com              478160104     2046    39610 SH       SOLE                    38560              1050
                                                              5818   112614 SH       DEFINED 01              60803     4875    46936
                                                                77     1500 SH       OTHER   01                                 1500
KIMBERLY-CLARK                 com              494368103      410     6939 SH       SOLE                     6839               100
                                                               383     6480 SH       DEFINED 01               5485      400      595
KOHLS CORP                     com              500255104      605    13460 SH       SOLE                    13460
                                                              5084   113123 SH       DEFINED 01              87785     2475    22863
                                                                25      550 SH       OTHER   01                                  550
KRONOS INC.                    com              501052104    13327   336465 SH       DEFINED 01             336465
LA-Z-BOY INC                   com              505336107     6237   297265 SH       DEFINED 01             297265
LANDSTAR SYSTEM INC            com                             213     5590 SH       DEFINED 01               5590
LANDSTAR SYSTEMS INC           com              515098101      446    11720 SH       DEFINED 01              11720
LEHMAN BROTHERS HOLDINGS INC   com              524908100      351     4550 SH       SOLE                                       4550
                                                                72      930 SH       DEFINED 01                930
LEXMARK INTERNATIONAL GROUP IN com              529771107      677     8605 SH       SOLE                     1515              7090
                                                              1561    19850 SH       DEFINED 01              19850
LIBERTY MEDIA CORP NEW SER A   com              530718105       11      924 SH       SOLE                      924
                                                               207    17416 SH       DEFINED 01              17016      400
LILLY (ELI) CO                 com              532457108      960    13655 SH       SOLE                    13405               250
                                                              2458    34952 SH       DEFINED 01              14279     2000    18673
                                                                28      400 SH       OTHER   01                                  400
LOCKHEED MARTIN CORP           com              539830109      293     5700 SH       SOLE                     5700
                                                              2706    52650 SH       DEFINED 01              52650
LOWE'S COS                     com              548661107      500     9025 SH       SOLE                     5825              3200
                                                              1223    22083 SH       DEFINED 01              22083
MARATHON OIL GROUP CORP        com              565849106      267     8057 SH       SOLE                     8057
MARSHALL & ILSLEY CORP         com              571834100      268     7000 SH       DEFINED 01               7000
MASCO CORP                     com              574599106      354    12915 SH       SOLE                      115             12800
MBNA CORP                      com              55262l100     2590   104212 SH       SOLE                   103662               550
                                                              3077   123807 SH       DEFINED 01              28155     8612    87040
                                                                80     3237 SH       OTHER   01                                 3237
MC CORMICK & CO INC            com              579780206      346    11500 SH       SOLE                    11500
                                                             11857   393918 SH       DEFINED 01             391218              2700
                                                                 6      200 SH       OTHER   01                                  200
MCGRAW-HILL INC                com              580645109      400     5720 SH       SOLE                     5720
                                                                 4       55 SH       DEFINED 01                 55
MEDTRONIC INC.                 com              585055106     1289    26509 SH       SOLE                    25839      100      570
                                                              2111    43425 SH       DEFINED 01              13476     3095    26854
                                                                39      800 SH       OTHER   01                                  800
MELLON FINANCIAL CORP          com              58551A108      673    20960 SH       SOLE                    20760      200
                                                              2205    68662 SH       DEFINED 01               6421     5800    56441
                                                                26      800 SH       OTHER   01                                  800
MERCK & CO                     com              589331107     1214    26276 SH       SOLE                    26176               100
                                                              1458    31552 SH       DEFINED 01              24802      500     6250
                                                                55     1200 SH       OTHER   01                                 1200
MERCURY GENERAL                com              589400100      742    15950 SH       SOLE                    15950
MERRILL LYNCH & CO             com              590188108      411     7000 SH       SOLE                      700              6300
                                                               323     5512 SH       DEFINED                  5512
MICROSOFT CORP.                com              594918104     3449   126009 SH       SOLE                   100509             25500
                                                              5836   213235 SH       DEFINED 01              86470    12660   114105
                                                                59     2150 SH       OTHER   01                                 2150
MINERALS TECHNOLOGIES INC      com              603158106      693    11695 SH       DEFINED 01              11695
MOLEX INC-CL A                 com              608554200      722    24600 SH       SOLE                    24400      200
                                                              8682   295705 SH       DEFINED 01             295205               500
                                                                15      500 SH       OTHER   01                                  500
MOLEX INC.                     com              608554101      523    14982 SH       SOLE                    14982
NATIONAL INSTRUMENTS CORP      com              636518102     2078    45710 SH       DEFINED 01              45710
NESTLE SA ADR REPSTG (SF 10 PA com              641069406      350     5600 SH       DEFINED 01                                 5600
                                                                 6      100 SH       OTHER   01                                  100
NEWELL RUBBERMAID INC          com              651229106     2081    91400 SH       DEFINED 01              91400
NICOR INC                      com              654086107      439    12903 SH       DEFINED 01              12903
NIKE, INC CL B                 com              654106103      366     5350 SH       SOLE                      800              4550
NISOURCE INC                   com              65473p105      518    23608 SH       SOLE                    23608
                                                                49     2240 SH       DEFINED                  2240
NOBLE DRILLING CORP            com              655042109      349     9750 SH       SOLE                                       9750
NOKIA CORP-SPONSORED ADR       com              654902204      367    21582 SH       SOLE                    21582
                                                              1499    88151 SH       DEFINED 01              10407     7500    70244
                                                                24     1400 SH       OTHER   01                                 1400
NORTHERN STATES FINANCIAL CORP com              665751103      430    15000 SH       SOLE                    15000
NORTHERN TRUST                 com              665859104      644    13905 SH       SOLE                    13905
                                                              8571   185195 SH       DEFINED 01             182745              2450
                                                                 9      200 SH       OTHER   01                                  200
OLD REPUBLIC INTL              com              680223104      303    11950 SH       SOLE                    11800      150
                                                             11110   438104 SH       DEFINED 01             438104
ORACLE SYSTEMS                 com              68389X105      517    39091 SH       SOLE                    38491               600
                                                               579    43785 SH       DEFINED 01              36725              7060
PACTIV CORP                    com              695257105      721    30180 SH       SOLE                    30105                75
                                                              7399   309582 SH       DEFINED 01             260347     3850    45385
                                                                19      800 SH       OTHER   01                                  800
PATTERSON DENTAL CO.           com              703412106     1092    17065 SH       SOLE                    17030                35
                                                             19095   298400 SH       DEFINED 01             298000      400
PAYCHEX, INC                   com              704326107      720    19351 SH       DEFINED 01              19351
PEPSICO INC                    com              713448108     3385    72598 SH       SOLE                    64648      100     7850
                                                              6101   130863 SH       DEFINED 01              53875     7875    69113
                                                                42      900 SH       OTHER   01                                  900
PERFORMANCE FOOD GROUP CO      com              713755106      720    19905 SH       SOLE                    19680               225
                                                              1265    34970 SH       DEFINED 01               2145     3325    29500
                                                                29      800 SH       OTHER   01                                  800
PFIZER INC                     com              717081103     5723   161978 SH       SOLE                   143653      200    18125
                                                              6894   195141 SH       DEFINED 01              94515    10875    89751
                                                                85     2400 SH       OTHER   01                                 2400
PHOTRONICS                     com              719405102     7975   400370 SH       DEFINED 01             400370
PROCTER & GAMBLE CO            com              742718109      793     7936 SH       SOLE                     7836               100
                                                              1542    15440 SH       DEFINED 01              12021     1670     1749
                                                                30      300 SH       OTHER   01                                  300
PROGRESSIVE CORP               com              743315103      251     3000 SH       SOLE                     3000
QUALCOMM INC                   com              747525103      948    17582 SH       SOLE                    17182      100      300
                                                             20361   377550 SH       DEFINED 01             376750               800
QUEST DIAGNOSTICS INC          com              74834L100      888    12150 SH       SOLE                    11950               200
                                                              1270    17366 SH       DEFINED 01               1267     1500    14599
                                                                22      300 SH       OTHER   01                                  300
REGAL-BELOIT CORP.             com              758750103     4434   201550 SH       DEFINED 01             201550
ROYAL CARIBBEAN CRUISES LTD    com              V7780T103    10592   304446 SH       DEFINED 01             304446
ROYAL DUTCH PETROLEUM          com              780257804     1006    19207 SH       SOLE                    19107               100
                                                               520     9924 SH       DEFINED 01               4174      400     5350
                                                                90     1725 SH       OTHER   01                                 1725
RPM INTERNATIONAL INC          com              749685103     7859   477432 SH       DEFINED 01             477432
SBC COMMUNICATIONS INC.        com              78387G103     1500    57528 SH       SOLE                    46028             11500
                                                              2125    81512 SH       DEFINED 01              74823     1877     4812
                                                                 8      300 SH       OTHER   01                                  300
SCHERING-PLOUGH                com              806605101      428    24600 SH       SOLE                    24600
                                                                35     2000 SH       DEFINED 01                                 2000
SCHLUMBERGER LTD               com              806857108      232     4237 SH       SOLE                     4237
                                                               928    16950 SH       DEFINED 01               9950     1300     5700
                                                                 5      100 SH       OTHER   01                                  100
SCHULMAN (A.)                  com              808194104     1599    75000 SH       DEFINED 01              75000
SHUFFLE MASTER INC             com              825549108      345    10000 SH       SOLE                    10000
SMURFIT-STONE CONTAINER        com              832727101      409    22000 SH       SOLE                      300             21700
SONOCO PRODUCTS                com              835495102     5823   236500 SH       DEFINED 01             236500
SOUTHERN CO                    com              842587107      658    21739 SH       SOLE                    21189               550
                                                               359    11859 SH       DEFINED 01              11527               332
ST PAUL COMPANIES INC          com              792860108      656    16550 SH       SOLE                    16550
STANDARD & POORS DEPOSITORY RE com              78462F103      564     5065 SH       DEFINED 01               1265              3800
STANDARD & POORS MIDCAP 400 DE com              595635103      340     3230 SH       DEFINED 01               2530               700
STARBUCKS                      com              855244109      519    15650 SH       SOLE                    15650
                                                              2709    81707 SH       DEFINED 01               5723     7525    68459
                                                                56     1700 SH       OTHER   01                                 1700
STATE STREET CORP.             com              857477103      277     5325 SH       DEFINED 01               5240                85
STERICYCLE INC                 com              858912108      583    12475 SH       DEFINED 01              12475
STERIS CORP                    com              859152100     1356    60000 SH       DEFINED 01              60000
STRYKER CORP                   com              863667101     1034    12160 SH       SOLE                    12160
                                                              2730    32118 SH       DEFINED 01               2566     3300    26252
                                                                26      300 SH       OTHER   01                                  300
SUN MICROSYSTEMS INC           com              866810104       36     8047 SH       SOLE                     8047
                                                                31     6840 SH       DEFINED 01               5800     1040
SUNGARD DATA SYSTEMS INC       com              867363103      813    29340 SH       SOLE                    20390              8950
                                                              2269    81893 SH       DEFINED 01               6938     6650    68305
                                                                19      675 SH       OTHER   01                                  675
SYSCO CORP                     com              871829107      356     9565 SH       SOLE                     7365              2200
                                                              1483    39825 SH       DEFINED 01              34525     1400     3900
TARGET CORP                    com              87612e106     1644    42815 SH       SOLE                    37840              4975
                                                              1763    45923 SH       DEFINED 01               7303     3870    34750
                                                                10      250 SH       OTHER   01                                  250
TCF FINANCIAL CORP             com              872275102     9400   183060 SH       DEFINED 01             183060
TEXAS INSTRUMENTS INC          com              882508104      196     6670 SH       SOLE                     5870      100      700
                                                                58     1990 SH       DEFINED 01               1000      700      290
TEXTRON INC                    com              883203101      659    11550 SH       SOLE                    11550
                                                                63     1100 SH       DEFINED 01               1100
THERMO TECH TECHNOLOGIES INC   com                               0    65140 SH       SOLE                    65140
TIME WARNER INC                com              887317105      323    17977 SH       SOLE                    17477               500
                                                               957    53171 SH       DEFINED 01              50271              2900
                                                                 5      300 SH       OTHER   01                                  300
TRAVELERS PROPERTY CASUALTY CO com              89420G406      249    14667 SH       SOLE                                      14667
                                                                 2      130 SH       DEFINED 01                130
TRIBUNE CO                     com              896047107     1316    25509 SH       SOLE                    16953      150     8406
                                                              1524    29533 SH       DEFINED 01               4668     2250    22615
                                                                26      500 SH       OTHER   01                                  500
UCBH HOLDINGS                  com              90262T308      281     7200 SH       DEFINED                  7200
UNILEVER PLC - SPONSORED ADR   com              904767704      242     6437 SH       DEFINED 01               6437
UNITED HEALTHCARE CORP         com              91324P102     1216    20901 SH       SOLE                    20841                60
                                                               348     5990 SH       DEFINED 01               5990
UNITED PARCEL SVC INC CL B     com              911312106      379     5080 SH       SOLE                      630              4450
                                                               462     6200 SH       DEFINED 01               6200
UNITED TECHNOLOGIES CO         com              913017109     1308    13798 SH       SOLE                    11173              2625
                                                               855     9025 SH       DEFINED 01               8314      711
US BANCORP NEW                 com              902973304     2801    94057 SH       SOLE                    79557             14500
                                                              1100    36935 SH       DEFINED 01              36185               750
VARIAN MEDICAL SYSTEMS INC     com              922204102      384     5550 SH       SOLE                                       5550
                                                                18      265 SH       DEFINED 01                265
VERITAS SOFTWARE CORP.         com              923436109      255     6890 SH       SOLE                     6890
                                                               912    24632 SH       DEFINED 01                680     2475    21477
                                                                15      400 SH       OTHER   01                                  400
VERIZON COMMUNICATIONS         com              92343V104      417    11888 SH       SOLE                    11688               200
                                                              1607    45818 SH       DEFINED 01              41882              3936
                                                                89     2536 SH       OTHER   01                                 2536
VIACOM INC-CL-B                com              925524308      765    17232 SH       SOLE                     5332             11900
                                                                36      800 SH       DEFINED 01                800
WAL-MART STORES                com              931142103     2676    50439 SH       SOLE                    43589      100     6750
                                                              4821    90881 SH       DEFINED 01              39061     4850    46970
                                                                40      750 SH       OTHER   01                                  750
WALGREEN CO                    com              931422109     3669   100849 SH       SOLE                    99534      200     1115
                                                              6502   178720 SH       DEFINED 01              76638    11080    91002
                                                                42     1150 SH       OTHER   01                                 1150
WASHINGTON MUTUAL INC          com              939322103      950    23670 SH       SOLE                    23620                50
                                                              1435    35779 SH       DEFINED 01               7804     2250    25725
                                                                14      350 SH       OTHER   01                                  350
WASHINGTON POST CO CLASS B     com              939640108      317      400 SH       DEFINED 01                                  400
WELLS FARGO & CO.              com              949746101     1894    32165 SH       SOLE                    27265              4900
                                                              4981    84574 SH       DEFINED 01              39214     3840    41520
                                                                35      600 SH       OTHER   01                                  600
WESTERN WIRELESS CORP - CLASS  com              95988e204     1992   108500 SH       DEFINED 01             108500
WEYERHAEUSER CO                com              962166104      566     8850 SH       DEFINED 01               8850
WGL HOLDINGS INC               com              92924f106      361    13000 SH       DEFINED 01              13000
WHOLE FOODS MARKET INC         com              966837106      806    12010 SH       SOLE                    11860               150
                                                              3761    56024 SH       DEFINED 01               2435     4625    48964
                                                                44      650 SH       OTHER   01                                  650
WINTRUST FINANCIAL CORP        com              97650w108     3900    86464 SH       SOLE                    77864              8600
                                                              1009    22372 SH       DEFINED 01              16359     4200     1813
WYETH                          com              983024100     3094    72874 SH       SOLE                    72574      100      200
                                                              2376    55963 SH       DEFINED 01              50575      550     4838
XL CAPITAL LTD CL A            com              G98255105      233     3000 SH       SOLE                     3000
ZEBRA TECHNOLOGIES CORP CL A   com              989207105      622     9366 SH       DEFINED 01               8866               500
                                                                33      500 SH       OTHER   01                                  500
ZIMMER HOLDINGS INC            com              98956p102      664     9434 SH       SOLE                     9434
                                                                61      872 SH       DEFINED 01                722      150
ISHARES RUSELL 3000 INDEX FD                    464287689      471 7480.000 SH       DEFINED 01                             7480.000
                                                               412 6545.000 SH       OTHER   01                             6545.000
ISHARES RUSSELL 2000 VALUE INC                  464287630      282 1760.000 SH       DEFINED 01                             1760.000
ISHARES RUSSELL MID-CAP VALUE                   464287499      710 7615.000 SH       DEFINED 01                             7615.000