Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PEP	Pepsico Inc	54,437	$5.148B	4.2%	$57.75	+18.8%	COM	713448108
XOM	Exxon Mobil Corporation	53,557	$4.951B	4.0%	$55.94	+3.7%	COM	30231G102
IBM	Intl Business Machines	20,882	$3.35B	2.7%	$106.40	-5.6%	COM	459200101
JNJ	Johnson & Johnson	31,443	$3.288B	2.7%	$65.75	+17.6%	COM	478160104
MSFT	Microsoft Corp	69,690	$3.237B	2.6%	$30.02	+32.9%	COM	594918104
BMY	Bristol Myers Company	49,844	$2.942B	2.4%	$34.14	+14.0%	COM	110122108
VZ	Verizon Communications	56,947	$2.664B	2.2%	$26.57	+4.1%	COM	92343V104
AAPL	Apple Computer	23,643	$2.61B	2.1%	$18.52	+30.0%	COM	037833100
CSCO	Cisco Systems Inc	90,837	$2.527B	2.1%	$15.22	+20.3%	COM	17275R102
—	Pfizer Inc	79,167	$2.466B	2.0%	$30.49	—	COM	717081903
AMGN	Amgen Inc.	14,688	$2.34B	1.9%	$81.61	+38.8%	COM	031162100
—	General Electric Co.	91,339	$2.308B	1.9%	$27.97	—	COM	369604103
—	J P Morgan Chase & Co	36,758	$2.3B	1.9%	$58.47	—	COM	46625H900
MRK	Merck & Co Inc	38,431	$2.183B	1.8%	$39.35	0.0%	COM	58933Y105
ORCL	Oracle Corporation	45,036	$2.025B	1.7%	$29.46	+17.1%	COM	68389X105
WMT	Wal-Mart Stores Inc	22,809	$1.959B	1.6%	$20.35	+7.3%	COM	931142103
—	Directv Group Inc	22,534	$1.954B	1.6%	$69.08	—	COM	25490A309
ADM	Archer Daniels Midland Co	36,181	$1.881B	1.5%	$28.89	+24.7%	COM	039483102
ABT	Abbott Laboratories	40,583	$1.827B	1.5%	$29.30	+20.5%	COM	002824100
KR	Kroger Company	27,771	$1.783B	1.5%	$16.45	+42.1%	COM	501044101
TEVA	Teva Pharm Inds Ltd Adrf	30,588	$1.759B	1.4%	$40.08	—	COM	881624209
CVS	C V S Corp Del	18,247	$1.757B	1.4%	$46.31	+39.2%	COM	126650100
PG	Procter & Gamble Co	18,953	$1.726B	1.4%	$57.99	+11.4%	COM	742718109
CVX	Chevrontexaco Corp.	15,384	$1.726B	1.4%	$72.66	-2.9%	COM	166764100
KMB	Kimberly-Clark Corp	14,713	$1.7B	1.4%	$66.41	+14.6%	COM	494368103
NSC	Norfolk Southern Corp	15,471	$1.696B	1.4%	$65.71	+30.6%	COM	655844108
TRV	Travelers Group Inc	15,983	$1.692B	1.4%	$66.77	+18.2%	COM	89417E109
—	Ace Limited	14,658	$1.684B	1.4%	$114877.74	—	COM	G0070K103
AZN	Astrazeneca Plc Adr	22,633	$1.593B	1.3%	$59.35	—	COM	046353108
C	Citigroup Inc	29,094	$1.574B	1.3%	$37.63	+5.1%	COM	172967424
—	Johnson Controls Inc	32,293	$1.561B	1.3%	$44.81	—	COM	478366107
—	American Electric Power Co	25,673	$1.559B	1.3%	$46.75	—	COM	025576109
—	Time Warner Cable Inc Com	10,170	$1.546B	1.3%	$135.49	—	COM	88732J207
GIS	General Mills Inc	27,519	$1.468B	1.2%	$32.89	+7.2%	COM	370334104
UPS	United Parcel Svc Inc Cl B	13,190	$1.466B	1.2%	$64.45	+10.0%	COM	911312106
—	Raytheon	12,636	$1.367B	1.1%	$90.73	—	COM	755111507
TGT	Target Corp	17,939	$1.362B	1.1%	$44.70	+8.7%	COM	87612E106
—	Chubb Corp	12,842	$1.329B	1.1%	$96.64	—	COM	171232101
—	General Motors Corp	37,403	$1.306B	1.1%	$40.87	—	COM	37045V900
MCD	McDonalds Corp	13,816	$1.295B	1.1%	$70.02	+0.8%	COM	580135101
—	Kellogg Company	19,765	$1.293B	1.1%	$37.78	+7.7%	COM	487836108
BAX	Baxter International Inc	17,309	$1.269B	1.0%	$29.22	+10.5%	COM	071813109
PSX	Phillips	17,423	$1.249B	1.0%	$43.55	+12.9%	COM	718546104
—	Annaly Mtg Management	113,736	$1.229B	1.0%	$11.08	—	COM	035710409
—	Glaxosmithkline Plc Adrf	28,681	$1.226B	1.0%	$53.39	—	COM	37733W105
INTC	Intel Corp	32,515	$1.18B	1.0%	$17.96	+48.3%	COM	458140100
BRK/B	Berkshire Hathaway Cl B	7,802	$1.171B	1.0%	$144.37	0.0%	COM	084670702
MMM	3M Company	6,990	$1.149B	0.9%	$89.68	0.0%	COM	88579Y101
—	Time Warner Inc New	11,675	$997M	0.8%	$69.71	—	COM	887317303
KO	Coca-Cola Company	22,719	$959M	0.8%	$26.95	+11.5%	COM	191216100
WFC	Wells Fargo & Co New	17,452	$957M	0.8%	$30.89	+25.5%	COM	949746101
—	Halliburton Co Hldg Co	24,138	$949M	0.8%	$50.74	—	COM	406216901
T	AT&T Inc	26,467	$889M	0.7%	$11.19	+5.5%	COM	00206R102
DIS	Disney Walt Co	9,145	$861M	0.7%	$81.30	0.0%	COM	254687106
ABBV	Abbvie Inc	12,865	$842M	0.7%	$40.24	0.0%	COM	00287Y109
—	Ellsworth Cv Grth & Inc Fd	94,565	$824M	0.7%	$133.23	—	COM	289074106
YUM	Yum Brands Inc.	9,762	$711M	0.6%	$42.23	0.0%	COM	988498101
—	Medtronic Inc	9,769	$705M	0.6%	$72200.33	—	COM	585055106
USB	US Bancorp Com (New)	15,645	$703M	0.6%	$25.63	+13.6%	COM	902973304
V	Visa Inc.	2,452	$643M	0.5%	$55.69	0.0%	COM	92826C839
—	McGraw Hill Inc	7,214	$642M	0.5%	$88980.04	—	COM	580645109
—	Total S A Adr	8,039	$638M	0.5%	$79300.91	—	COM	891894107
—	Barrick Gold Corp F	59,133	$636M	0.5%	$18.10	—	COM	067901108
BRT	BRT Rlty Tr SBI New	86,681	$605M	0.5%	$7.07	—	COM	055645303
—	Royal Dutch Shell A Adrf	8,305	$556M	0.5%	$66948.46	—	COM	780259206
BK	Bank of New York Mellon Corporation	12,785	$519M	0.4%	$24.30	+22.4%	COM	064058100
UNP	Union Pacific Corp Commo	4,180	$498M	0.4%	$89.46	0.0%	COM	907818108
LLY	Lilly Eli & Co	7,075	$488M	0.4%	$55.19	0.0%	COM	532457108
—	Celgene Corp	4,346	$486M	0.4%	$111860.10	—	COM	151020104
BAC	Bank America Corp	26,987	$483M	0.4%	$11.71	+15.7%	COM	060505104
BF/B	Brown Forman Corp Cl B	5,362	$471M	0.4%	$29.80	0.0%	COM	115637209
AXP	American Expresss Company	5,056	$470M	0.4%	$76.41	0.0%	COM	025816109
—	Amern Tower Corp Class A	4,612	$456M	0.4%	$98853.86	—	COM	891769101
BP	British Pete Plc Am Sh	10,248	$391M	0.3%	$48.63	—	COM	055622104
CSX	C S X Corp	10,427	$378M	0.3%	$7.39	+33.2%	COM	126408103
CL	Colgate-Palmolive Co	5,400	$374M	0.3%	$52.19	0.0%	COM	194162103
—	Gilead Sciences Inc	3,870	$365M	0.3%	$94259.95	—	COM	375558AN3
—	Du Pont E I De Nemour & Co	4,862	$359M	0.3%	$73939.33	—	COM	263534109
TROW	Rowe T Price Group Inc	4,110	$353M	0.3%	$53.72	0.0%	COM	74144T108
LMT	Lockheed Martin Corp	1,751	$337M	0.3%	$137.24	0.0%	COM	539830109
—	Allergan Inc	1,500	$319M	0.3%	$212590.00	—	COM	018490102
HSBC	HSBC Holdings Plc Inc	12,000	$308M	0.3%	$25700.00	—	COM	404280406
UNH	United Healthcare Corp	3,036	$307M	0.3%	$79.25	0.0%	COM	91324P102
SLB	Schlumberger Ltd F	3,568	$305M	0.2%	$67.34	0.0%	COM	806857108
—	Arm Holdings PLC Spons ADR	6,494	$301M	0.2%	$46299.97	—	COM	042068106
MRSH	Marsh & McLennan Companies Inc	5,120	$293M	0.2%	$45.21	0.0%	COM	571748102
ORANY	Orange ADR	16,908	$286M	0.2%	$12.71	—	COM	684060106
SYY	Sysco Corp	6,783	$269M	0.2%	$28.86	0.0%	COM	871829107
CME	CME Group Inc. CL A	3,000	$266M	0.2%	$54.29	0.0%	COM	12572Q105
—	United Tech Corp	2,305	$265M	0.2%	$115007.38	—	COM	913017109
—	Con Edison	4,011	$265M	0.2%	$66005.98	—	COM	20854P109
BF/A	Brown Forman Cl A Vtg	3,000	$263M	0.2%	$22.03	0.0%	COM	115637100
ECL	Ecolab Inc	2,500	$261M	0.2%	$96.70	0.0%	COM	278865100
NVS	Novartis A G Spon Adr	2,664	$247M	0.2%	$92662.16	—	COM	66987V109
SBUX	Starbucks Corp	2,935	$241M	0.2%	$31.27	0.0%	COM	855244109
—	Safeway Inc	6,823	$240M	0.2%	$35118.13	—	COM	786514208
—	Hewlett-Packard Company	5,919	$238M	0.2%	$40129.41	—	COM	428236103
—	Cablevision Systems Corp-CL A Cablevisio	11,478	$237M	0.2%	$16.30	—	COM	12686C109
DZZ	Deutsch Telekom AG Spons ADR	14,710	$234M	0.2%	$16.98	—	COM	25154H756
—	Investors Bancorp Inc	20,637	$232M	0.2%	$10.13	—	COM	46146P102
—	Lorillard Inc	3,676	$231M	0.2%	$62946.14	—	COM	544147101
—	Vodafone Gp Plc New Spons ADR	6,618	$226M	0.2%	$34168.93	—	COM	92857W209
XLU	Sector Spdr Util Select	4,630	$219M	0.2%	$47220.09	—	COM	81369Y886
—	BB &T Corporation	5,551	$216M	0.2%	$38888.67	—	COM	054937107
SRE	Sempra Energy	1,929	$215M	0.2%	$38.47	0.0%	COM	816851109
—	M & T Bank Corporation	1,700	$214M	0.2%	$125620.00	—	COM	55261F904
SPY	S&P Depos Rcpts	1,001	$206M	0.2%	$205540.45	—	COM	78462F103
NKE	Nike Inc Class B	2,104	$202M	0.2%	$40.75	0.0%	COM	654106103
HRB	Block H & R Incorporated	5,991	$202M	0.2%	$21.26	0.0%	COM	093671105
DRI	Darden Restaurants Inc Com	3,435	$201M	0.2%	$35.12	0.0%	COM	237194105
—	Spectra Energy	5,547	$201M	0.2%	$36300.52	—	COM	847560109
GS	Gold Fields Ltd New Sponsored ADR	28,283	$128M	0.1%	$140.58	+7.3%	COM	38141G104
—	Frontier Ins Group Inc	18,496	$123M	0.1%	$4.66	—	COM	35906A108
—	Sirius Satellite Radio	20,195	$70.68M	0.1%	$3500.02	—	COM	82967N108
GERN	Geron Corp	10,893	$35.4M	0.0%	$2.09	+32.5%	COM	374163103
TALN	Talon International Inc	40,250	$7.245M	0.0%	$0.19	0.0%	COM	87484F108
—	Vaxil Bio Ltd Ord	44,000	$4.228M	0.0%	$96.09	—	COM	M9690V103
—	Pen Inc	15,600	$722K	0.0%	$46.28	—	COM	706582103
—	Paid Inc	12,000	$571K	0.0%	$47.58	—	COM	69561N204
—	Greenshift Corp New	28,500	$26,000	0.0%	$0.91	—	COM	39571U407
—	Chad Therapeutics Inc Com	13,900	$24,000	0.0%	$1.73	—	COM	157228107