Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER & GAMBLE	264,382	$21.52M	14.7%	$55.00	+5.5%	COM	742718109
XOM	EXXON MOBIL CORP	104,070	$10.53M	7.2%	$53.69	+4.2%	COM	30231G102
—	3M COMPANY	48,142	$6.752M	4.6%	$109.35	—	COM	604059105
JNJ	JOHNSON & JOHNSON	64,893	$5.944M	4.1%	$59.66	+10.2%	COM	478160104
USB	US BANCORP	132,712	$5.362M	3.7%	$22.41	+13.2%	COM	902973304
CVX	CHEVRON CORP	34,373	$4.293M	2.9%	$71.33	+1.6%	COM	166764100
JPM	JP MORGAN CHASE & CO	73,073	$4.273M	2.9%	$36.24	+9.4%	COM	46625H100
T	AT&T INC	105,193	$3.699M	2.5%	$11.40	-2.0%	COM	00206R102
CINF	CINCINNATI FINANCIAL	67,925	$3.557M	2.4%	$32.92	+8.0%	COM	172062101
SMG	SCOTTS CO.	52,806	$3.286M	2.2%	$29.98	+27.8%	CLASS A	810186106
KO	COCA-COLA COMPANY	78,875	$3.258M	2.2%	$27.83	-3.2%	COM	191216100
—	GENERAL ELECTRIC	112,638	$3.157M	2.2%	$23.20	—	COM	369604103
WSBC	WESBANCO INC.	98,665	$3.157M	2.2%	$24.67	+23.1%	COM	950810101
IBM	INTL BUS. MACHINES	15,202	$2.851M	1.9%	$118.94	-10.5%	COM	459200101
BRK/A	BERKSHIRE HATHAWAY	13	$2.313M	1.6%	$165023.42	+5.1%	CLASS A	084670108
—	TIFFANY & CO	24,128	$2.239M	1.5%	$72.83	—	COM	886547108
PFE	PFIZER, INC.	72,298	$2.214M	1.5%	$16.46	+7.1%	COM	717081103
BF/B	BROWN-FORMAN	28,873	$2.182M	1.5%	$22.68	+5.2%	CLASS B	115637209
LMT	LOCKHEED MARTIN	14,566	$2.165M	1.5%	$71.65	+35.6%	COM	539830109
MAA	MID-AMERICA APART COMM	35,294	$2.144M	1.5%	$43.30	-6.3%	COM	59522J103
RYN	RAYONIER REIT	48,651	$2.048M	1.4%	$55.39	—	COM	754907103
BMY	BRISTOL-MYERS SQUIBB	37,772	$2.008M	1.4%	$28.67	+19.2%	COM	110122108
BF/A	BROWN-FORMAN	25,170	$1.857M	1.3%	$17.20	+1.8%	CLASS A	115637100
PEP	PEPSICO INC	20,582	$1.707M	1.2%	$56.00	+3.1%	COM	713448108
—	VODAFONE GROUP PLC ADR	40,736	$1.601M	1.1%	$29.14	—	COM	92857T107
—	DUPONT DE NEMOURS	22,250	$1.446M	1.0%	$53.73	—	COM	263534109
MKC	MCCORMICK & COMPANY	20,898	$1.44M	1.0%	$28.19	-4.2%	COM	579780206
UPS	UNITED PARCEL SERVICE	13,465	$1.415M	1.0%	$55.38	+16.4%	COM	911312106
ACN	ACCENTURE PLC	16,847	$1.385M	0.9%	$63.81	-3.6%	COM	G1151C101
EMR	EMERSON ELECTRIC	19,503	$1.369M	0.9%	$40.02	+20.4%	COM	291011104
—	CEDAR FAIR L.P.	25,625	$1.27M	0.9%	$41.43	—	COM	150185106
KMB	KIMBERLY CLARK	11,998	$1.253M	0.9%	$63.04	+5.3%	COM	494368103
VZ	VERIZON COMMUNICATIONS	25,299	$1.243M	0.8%	$27.04	-1.6%	COM	92343V104
EL	LAUDER (ESTEE)	15,180	$1.143M	0.8%	$58.22	+6.7%	CLASS A	518439104
ABBV	ABBVIE INC	21,205	$1.12M	0.8%	$26.56	+14.4%	COM	00287Y109
MDLZ	MONDELEZ INTERNATIONAL	31,365	$1.107M	0.8%	$23.16	+10.2%	COM	609207105
BAC	BANK OF AMERICA	58,377	$909K	0.6%	$10.03	+16.5%	COM	060505104
INTC	INTEL	34,513	$896K	0.6%	$17.15	+4.5%	COM	458140100
—	EL PASO PIPELINE PARTNERS	24,250	$873K	0.6%	$41.35	—	COM	283702108
—	ABBOTT LABORATORIES	21,305	$817K	0.6%	$34.85	—	COM	002824101
HON	HONEYWELL INDUSTRIES	8,094	$740K	0.5%	$53.27	+14.2%	COM	438516106
—	MEDTRONIC	12,265	$704K	0.5%	$51.45	—	COM	585055106
SJM	SMUCKER (J.M.)	6,370	$660K	0.5%	$70.84	+5.2%	COM	832696405
—	PEYTO EXPLORATION CORP	20,000	$650K	0.4%	$30.40	—	COM	B6775F5CA
—	BOARDWALK PIPELINE PART LP	25,100	$641K	0.4%	$29.98	—	COM	096627104
—	KRAFT FOOD GROUP	11,547	$623K	0.4%	$55.83	—	COM	50076Q106
CSCO	CISCO SYSTEMS	27,308	$613K	0.4%	$15.41	-1.4%	COM	17275R102
MRK	MERCK & CO	11,825	$592K	0.4%	$30.02	+4.2%	COM	58933Y105
—	ENSCO PLC ADR	10,334	$591K	0.4%	$57.48	—	COM	G3157S106
—	COACH INC	10,519	$590K	0.4%	$56.73	—	COM	189754104
QCOM	QUALCOMM INC	7,785	$578K	0.4%	$46.64	+8.0%	COM	747525103
VNO	VORNADO REALTY TRUST	5,737	$509K	0.3%	$82.80	—	COM	929042109
CL	COLGATE PALMOLIVE	7,600	$496K	0.3%	$44.38	+9.1%	COM	194162103
—	DUKE ENERGY	6,978	$482K	0.3%	$67.53	—	COM	264399106
NVS	NOVARTIS AG ADR	5,966	$480K	0.3%	$71.59	—	COM	66987V109
—	CRESTWOOD MIDSTREAM PART	19,141	$476K	0.3%	$24.90	—	COM	226372100
AXP	AMERICAN EXPRESS	5,204	$472K	0.3%	$59.62	+16.2%	COM	025816109
WU	WESTERN UNION CO	27,150	$468K	0.3%	$17.13	—	COM	959802109
MCD	MCDONALDS	4,707	$457K	0.3%	$71.76	-2.4%	COM	580135101
—	APACHE CORP	5,144	$442K	0.3%	$83.89	—	COM	037411105
SLB	SCHLUMBERGER	4,812	$434K	0.3%	$52.90	+23.0%	COM	806857108
MSFT	MICROSOFT CORP	11,411	$427K	0.3%	$26.70	+12.4%	COM	594918104
LLY	LILLY (ELI)	8,100	$413K	0.3%	$42.21	-6.2%	COM	532457108
—	ROYAL DUTCH SHELL PLC ADS	5,732	$409K	0.3%	$63.99	—	COM	780259206
WM	WASTE MANAGEMENT INC	8,875	$398K	0.3%	$30.81	+10.0%	COM	94106L109
CLX	CLOROX CO	4,103	$381K	0.3%	$60.00	+6.3%	COM	189054109
—	HILL-ROM HOLDINGS	8,900	$368K	0.3%	$33.71	—	COM	431475102
SYY	SYSCO	10,200	$368K	0.3%	$24.38	-0.0%	COM	871829107
CPB	CAMPBELL SOUP COMPANY	8,275	$358K	0.2%	$30.86	-7.6%	COM	134429109
—	UNS ENERGY CORP	5,950	$356K	0.2%	$44.71	—	COM	909205106
—	WILLIAMS PARTNERS LP	7,000	$356K	0.2%	$52.66	—	COM	959802110
GEF/B	GREIF INC. CL B	6,050	$356K	0.2%	$29.69	+4.1%	COM	397624206
—	DOW CHEMICAL	7,998	$355K	0.2%	$32.13	—	COM	260543103
COF	CAPITAL ONE FINANCIAL	4,613	$353K	0.2%	$47.00	+22.0%	COM	14040H105
—	MONSANTO COMPANY	3,000	$350K	0.2%	$98.67	—	COM	61166W101
TEVA	TEVA PHARMACEUTICAL ADR	8,694	$348K	0.2%	$39.18	—	COM	881624209
BAX	BAXTER INTERNATIONAL	4,880	$339K	0.2%	$30.42	-3.9%	COM	071813109
NSC	NORFOLK SOUTHERN	3,630	$337K	0.2%	$57.67	+13.9%	COM	655844108
—	EXPRESS SCRIPTS	4,767	$335K	0.2%	$62.43	—	COM	30219G108
—	BEAM INC.	4,900	$333K	0.2%	$63.06	—	COM	073730103
—	SPECTRA ENERGY	9,138	$325K	0.2%	$34.42	—	COM	847560109
PNC	PNC BANK CORP	4,177	$324K	0.2%	$47.34	+9.6%	COM	693475105
—	PLUM CREEK TIMBER CO	6,750	$314K	0.2%	$46.72	—	COM	729251108
—	UNITED TECHNOLOGIES CORP	2,730	$311K	0.2%	$93.04	—	COM	913017109
COP	CONOCOPHILLIPS	4,300	$304K	0.2%	$48.40	0.0%	COM	20825C104
MTX	MINERALS TECHNOLOGIES	4,900	$294K	0.2%	$39.30	+36.9%	COM	603158106
DIS	DISNEY (WALT) COMPANY	3,825	$292K	0.2%	$56.11	+9.9%	COM	254687106
ZBH	ZIMMER HOLDINGS	3,124	$291K	0.2%	$67.30	+16.3%	COM	98956P102
FITB	FIFTH THIRD BANCORP	13,612	$286K	0.2%	$11.51	+13.6%	COM	316773100
ONEXF	ONEX CORP	5,000	$270K	0.2%	$47.47	+12.0%	COM	68272K103
—	HILLENBRAND INDUSTRIES	9,000	$265K	0.2%	$23.67	—	COM	431571108
PM	PHILIP MORRIS INTERNATIONAL	2,980	$259K	0.2%	$49.61	-3.6%	COM	718172109
NSRGY	NESTLE SA SPON ADR	3,375	$248K	0.2%	$70.13	—	COM	641069406
HSY	HERSHEY FOODS	2,531	$246K	0.2%	$65.69	+9.9%	COM	427866108
BP	BP PLC ADS	4,659	$226K	0.2%	$48.51	—	COM	055622104
FBIN	FORTUNE BRANDS HOME & SECURITY	4,900	$224K	0.2%	$28.75	+5.9%	COM	34964C106
GD	GENERAL DYNAMICS	2,320	$222K	0.2%	$64.92	+5.8%	COM	369550108
—	CAMDEN PROPERTY TRUST	3,765	$214K	0.1%	$69.06	—	COM	133131101
ED	CONSOLIDATED EDISON	3,650	$202K	0.1%	$36.38	-1.4%	COM	209115104
FHN	FIRST HORIZON NATIONAL	16,374	$191K	0.1%	$7.41	+4.4%	COM	320517105
—	VIVUS INC.	21,000	$191K	0.1%	$10.90	—	COM	928551100
RF	REGIONS FINANCIAL CORP	17,914	$177K	0.1%	$5.80	+11.3%	COM	7591EP100
ASRV	AMERISERV FINANCIAL	18,000	$55,000	0.0%	$2.19	+2.4%	COM	03074A102
—	CINCINNATI BELL	10,557	$38,000	0.0%	$3.06	—	COM	171871106
—	AMERICAN DG ENERGY	20,100	$34,000	0.0%	$1.29	—	COM	025398108