content: <html>
  
  <head>
  
  <title>SECURITIES AND EXCHANGE COMMISSION</title>
  
  </head>
  
  <body>
  
  <div>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">SECURITIES AND
  EXCHANGE COMMISSION</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Washington, D.C.
  20549</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">FORM 8-K</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Current Report</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Pursuant to Section
  13 or 15(d) of the</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Securities Exchange
  Act of 1934</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Date of Report (date
  of earliest event reported): &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; May
  28, 2003</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PARKWAY&nbsp; PROPERTIES, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; </u></p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">(Exact Name of
  registrant as specified in charter)</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1-11533 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;74-2123597&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  
  <p style="margin-top: 0; margin-bottom: 0">(State or other jurisdiction &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Commission File Number) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (IRS
  Employer</p>
  
  <p style="margin-top: 0; margin-bottom: 0">of incorporation)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identification
  No.)</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">One Jackson Place
  Suite 1000</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">188 East Capitol
  Street</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">P.O. Box 24647</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jackson, MS
  39225-4647&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">(Address of principal
  executive offices)</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (601) 948-4091&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">(Registrant's
  telephone number, including area code)</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  
  <p align=center style="margin-top: 0; margin-bottom: 0">Former name or former
  address, if changed since last report</p>
  <p style="margin-top: 0; margin-bottom: 0"><br clear=all>
  
  
  </p>
  
  
  <hr>
  
  <p style="margin-top: 0; margin-bottom: 0"><b>Item 5.&nbsp; Other Events.</b></p>
  
  <p style="margin-top: 0; margin-bottom: 0"><b>&nbsp;</b></p>
  
  <p style="margin-top: 0; margin-bottom: 0" align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On May 28, 2003, Parkway Properties,
  Inc. (the &quot;Company&quot;) agreed to sell 2,400,000 shares of 8.00% Series
  D Cumulative Redeemable Preferred Stock pursuant to an Underwriting Agreement
  between the Company, Parkway Properties, LP, Wachovia Securities, Inc. and A.G.
  Edwards &amp; Sons, Inc.&nbsp; The Series D Preferred Stock
  has a $25 liquidation value per share and will be redeemable at the option of
  the Company on or after June 27, 2008.&nbsp;
  The offering will result in net proceeds of approximately $57,850,000,
  which along with a portion of the proceeds from the Company's March 2003
  issuance of common stock will be used to redeem the Company's outstanding 8.75%
  Series A Cumulative Redeemable Preferred Stock.&nbsp; Closing of the offering is expected to occur on June 27,
  2003.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0"><b>Item 7.&nbsp;&nbsp; Financial Statements and Exhibits.</b></p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriting Agreement
  among Parkway Properties, Inc., Parkway Properties</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  LP, Wachovia&nbsp;&nbsp;&nbsp; Securities, Inc. and A.G. Edwards &amp; Sons, Inc.,
  dated May 28,</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  2003.&nbsp; </p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion
  of Jaeckle Fleischmann &amp; Mugel, LLP regarding legality.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8)&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion
  of Jaeckle Fleischmann &amp; Mugel, LLP as to certain tax matters.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23) &nbsp;&nbsp;&nbsp;&nbsp; Consents of Jaeckle
  Fleischmann &amp; Mugel, LLP (included as part of Exhibits 5 </p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  and 8).</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <hr>
  <p style="margin-top: 0; margin-bottom: 0"><br clear=all>
  
  
  </p>
  
  
  <p align=center style="margin-top: 0; margin-bottom: 0"><b>SIGNATURES</b></p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the
  Securities Exchange Act of 1934, the Registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly authorized.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">Date:&nbsp;&nbsp;&nbsp; June 4, 2003</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PARKWAY PROPERTIES, INC.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:_________________________</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marshall
  A. Loeb</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief
  Financial Officer</p>
  
  <hr>
  <p style="margin-top: 0; margin-bottom: 0"><br clear=all>
  
  
  </p>
  
  
  <p style="margin-top: 0; margin-bottom: 0">Exhibit Index</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0"><u>Exhibit No.</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Underwriting Agreement
  among Parkway Properties, Inc., Parkway</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Properties
  LP, Wachovia Securities, Inc. and A.G. Edwards &amp; Sons, Inc.,</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; dated May 28,
  2003.&nbsp; </p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">(5)&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion
  of Jaeckle Fleischmann &amp; Mugel, LLP regarding legality.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">(8)&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion
  of Jaeckle Fleischmann &amp; Mugel, LLP as to certain tax matters.</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  <p style="margin-top: 0; margin-bottom: 0">(23) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consents of Jaeckle
  Fleischmann &amp; Mugel, LLP (included as part of</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits 5 and 8).</p>
  
  <p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
  
  </div>
  
  </body>
  
  </html>
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text: SECURITIES AND EXCHANGE COMMISSION
  SECURITIES AND
  EXCHANGE COMMISSION
  Washington, D.C.
  20549
  FORM 8-K
  Current Report
  Pursuant to Section
  13 or 15(d) of the
  Securities Exchange
  Act of 1934
  Date of Report (date
  of earliest event reported):                        May
  28, 2003
  PARKWAY  PROPERTIES, INC.
  (Exact Name of
  registrant as specified in charter)
  Maryland
  1-11533
  74-2123597
  (State or other jurisdiction         (Commission File Number)                   (IRS
  Employer
  of incorporation)                                                                                   Identification
  No.)
  One Jackson Place
  Suite 1000
  188 East Capitol
  Street
  P.O. Box 24647
  Jackson, MS
  39225-4647
  (Address of principal
  executive offices)
  (601) 948-4091
  (Registrant's
  telephone number, including area code)
  Former name or former
  address, if changed since last report
  Item 5.  Other Events.
  On May 28, 2003, Parkway Properties,
  Inc. (the "Company") agreed to sell 2,400,000 shares of 8.00% Series
  D Cumulative Redeemable Preferred Stock pursuant to an Underwriting Agreement
  between the Company, Parkway Properties, LP, Wachovia Securities, Inc. and A.G.
  Edwards & Sons, Inc.  The Series D Preferred Stock
  has a $25 liquidation value per share and will be redeemable at the option of
  the Company on or after June 27, 2008. 
  The offering will result in net proceeds of approximately $57,850,000,
  which along with a portion of the proceeds from the Company's March 2003
  issuance of common stock will be used to redeem the Company's outstanding 8.75%
  Series A Cumulative Redeemable Preferred Stock.  Closing of the offering is expected to occur on June 27,
  2003.
  Item 7.   Financial Statements and Exhibits.
  (c)        Exhibits.
  (1)       Underwriting Agreement
  among Parkway Properties, Inc., Parkway Properties
  LP, Wachovia    Securities, Inc. and A.G. Edwards & Sons, Inc.,
  dated May 28,
  2003.
  (5)        Opinion
  of Jaeckle Fleischmann & Mugel, LLP regarding legality.
  (8)        Opinion
  of Jaeckle Fleischmann & Mugel, LLP as to certain tax matters.
  (23)      Consents of Jaeckle
  Fleischmann & Mugel, LLP (included as part of Exhibits 5
  and 8).
  SIGNATURES
  Pursuant to the requirements of the
  Securities Exchange Act of 1934, the Registrant has duly caused this report to
  be signed on its behalf by the undersigned hereunto duly authorized.
  Date:    June 4, 2003
  PARKWAY PROPERTIES, INC.
  (Registrant)
  By:_________________________
  Marshall
  A. Loeb
  Chief
  Financial Officer
  Exhibit Index
  Exhibit No.
  Description
  (1)                          Underwriting Agreement
  among Parkway Properties, Inc., Parkway
  Properties
  LP, Wachovia Securities, Inc. and A.G. Edwards & Sons, Inc.,
  dated May 28,
  2003.
  (5)                          Opinion
  of Jaeckle Fleischmann & Mugel, LLP regarding legality.
  (8)                          Opinion
  of Jaeckle Fleischmann & Mugel, LLP as to certain tax matters.
  (23)                        Consents of Jaeckle
  Fleischmann & Mugel, LLP (included as part of
  Exhibits 5 and 8).