Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SLB	Schlumberger Ltd.	20,524	$2.421M	1.6%	$53.04	+41.1%	COM	806857108
JNJ	Johnson & Johnson	21,409	$2.24M	1.5%	$59.66	+22.6%	COM	478160104
DIS	Walt Disney	26,092	$2.237M	1.5%	$56.27	+30.5%	COM	254687106
BALL	Ball Corp.	35,555	$2.229M	1.5%	$19.77	+31.7%	COM	058498106
—	Allergan, Inc.	13,163	$2.227M	1.5%	$84.21	—	COM	018490102
XOM	ExxonMobil	21,957	$2.211M	1.5%	$53.69	+15.2%	COM	30231G102
SYK	Stryker	25,923	$2.186M	1.5%	$56.92	+25.0%	COM	863667101
CTSH	Cognizant Tech	44,638	$2.183M	1.5%	$36.71	+17.7%	COM	192446102
CL	Colgate Palmolive	31,825	$2.17M	1.4%	$44.38	+15.4%	COM	194162103
AXP	American Express	22,827	$2.166M	1.4%	$59.62	+28.1%	COM	025816109
TMO	Thermo Fisher Scientific	18,296	$2.159M	1.4%	$79.76	+42.2%	COM	883556102
—	United Technologies	18,625	$2.15M	1.4%	$92.93	—	COM	913017109
ITW	Illinois Tool Works	24,454	$2.141M	1.4%	$49.85	+31.3%	COM	452308109
PEP	PepsiCo	23,849	$2.131M	1.4%	$56.00	+8.8%	COM	713448108
—	Sigma-Aldrich Corp.	20,997	$2.131M	1.4%	$80.43	—	COM	826552101
ECL	Ecolab	19,085	$2.125M	1.4%	$73.48	+28.3%	COM	278865100
—	Visa	10,010	$2.109M	1.4%	$182.78	—	COM	92826c839
—	Walgreen	28,415	$2.106M	1.4%	$44.20	—	COM	931422109
—	Oracle Corp.	51,677	$2.094M	1.4%	$30.81	—	COM	68389x105
CVX	Chevron Corp.	15,997	$2.088M	1.4%	$71.28	+6.5%	COM	166764100
CHD	Church & Dwight	29,731	$2.08M	1.4%	$26.18	+12.1%	COM	171340102
JPM	J.P. Morgan Chase	35,703	$2.057M	1.4%	$36.24	+13.7%	COM	46625H100
FISV	Fiserv	34,066	$2.055M	1.4%	$24.54	+20.8%	COM	337738108
DOV	Dover	21,957	$1.997M	1.3%	$39.99	+42.0%	COM	260003108
NKE	Nike	25,315	$1.963M	1.3%	$26.77	+20.1%	COM	654106103
AMGN	Amgen	16,491	$1.952M	1.3%	$73.34	+13.7%	COM	031162100
PG	Procter & Gamble	24,819	$1.951M	1.3%	$55.00	+6.0%	COM	742718109
GIS	General Mills	37,021	$1.945M	1.3%	$31.98	+11.9%	COM	370334104
AFL	AFLAC	30,945	$1.926M	1.3%	$20.11	+17.8%	COM	001055102
COST	Costco	16,582	$1.91M	1.3%	$86.56	+6.1%	COM	22160K105
MCD	McDonalds	18,634	$1.877M	1.2%	$71.78	+4.2%	COM	580135101
—	Express Scripts	27,004	$1.872M	1.2%	$61.73	—	COM	30219g108
MMM	3M Co.	13,024	$1.866M	1.2%	$61.26	+32.3%	COM	88579Y101
—	Anadarko Petroleum	16,667	$1.825M	1.2%	$85.79	—	COM	032511107
EMR	Emerson Electric	27,502	$1.825M	1.2%	$40.02	+22.8%	COM	291011104
QCOM	Qualcomm	22,962	$1.819M	1.2%	$46.44	+23.4%	COM	747525103
ADP	Automatic Data Processing	22,813	$1.809M	1.2%	$45.09	+17.2%	COM	053015103
—	ConocoPhillips	20,735	$1.778M	1.2%	$61.16	—	COM	20825c104
WMT	Wal-Mart	23,579	$1.77M	1.2%	$19.98	+2.7%	COM	931142103
APH	Amphenol	18,006	$1.735M	1.2%	$8.67	+23.1%	COM	032095101
IBM	IBM	9,345	$1.694M	1.1%	$118.82	-5.5%	COM	459200101
MSFT	Microsoft	39,278	$1.638M	1.1%	$26.70	+27.2%	COM	594918104
COR	AmerisourceBergen	22,172	$1.611M	1.1%	$38.92	+28.0%	COM	03073E105
—	Actavis	7,179	$1.601M	1.1%	$169.64	—	COM	g0083b108
—	AGL Resources	29,011	$1.596M	1.1%	$42.92	—	COM	001204106
—	AT&T	43,885	$1.552M	1.0%	$35.41	—	COM	00206r102
—	NextEra Energy	14,981	$1.535M	1.0%	$82.18	—	COM	65339f101
CSL	Carlisle	16,910	$1.465M	1.0%	$55.89	+28.5%	COM	142339100
AMZN	Amazon.com	4,504	$1.463M	1.0%	$13.37	+18.3%	COM	023135106
DHR	Danaher	17,892	$1.409M	0.9%	$25.01	+24.4%	COM	235851102
ORLY	O'Reilly Auto	9,036	$1.361M	0.9%	$7.82	+26.2%	COM	67103H107
GWW	W.W. Grainger	5,245	$1.334M	0.9%	$202.37	+4.4%	COM	384802104
VZ	Verizon	27,242	$1.333M	0.9%	$27.02	-0.8%	COM	92343V104
—	Stericycle	11,190	$1.325M	0.9%	$110.98	—	COM	858912108
—	Cerner	25,170	$1.298M	0.9%	$59.61	—	COM	156782104
CVS	CVS/Caremark	17,187	$1.295M	0.9%	$41.44	+32.5%	COM	126650100
LOW	Lowes	26,593	$1.276M	0.8%	$32.23	+17.4%	COM	548661107
—	Royal Dutch Shell 'A'	15,369	$1.266M	0.8%	$64.02	—	COM	780259206
WFC	Wells Fargo	23,743	$1.248M	0.8%	$28.58	+27.0%	COM	949746101
—	C.R. Bard	8,681	$1.241M	0.8%	$108.70	—	COM	067383109
CLX	Clorox	13,560	$1.239M	0.8%	$60.00	+7.5%	COM	189054109
AAPL	Apple	13,135	$1.221M	0.8%	$17.80	+4.8%	COM	037833100
—	Google Class A	2,016	$1.179M	0.8%	$880.18	—	COM	38259P508
ROP	Roper Industries	8,041	$1.174M	0.8%	$113.86	+14.3%	COM	776696106
GPC	Genuine Parts	12,870	$1.13M	0.8%	$54.12	+13.9%	COM	372460105
—	Baker Hughes	15,088	$1.123M	0.7%	$46.12	—	COM	057224107
BDX	Becton Dickinson	9,336	$1.104M	0.7%	$78.11	+21.3%	COM	075887109
—	Google Class C	1,910	$1.099M	0.7%	$575.39	—	COM	38259P706
NOC	Northrop Grumman	9,018	$1.079M	0.7%	$62.64	+59.0%	COM	666807102
CSCO	Cisco Systems	42,180	$1.048M	0.7%	$15.24	+9.2%	COM	17275R102
TXN	Texas Instruments	20,870	$997K	0.7%	$25.31	+34.4%	COM	882508104
INTU	Intuit	11,570	$932K	0.6%	$54.39	+29.0%	COM	461202103
LMT	Lockheed Martin	5,786	$930K	0.6%	$79.82	+48.2%	COM	539830109
ABT	Abbott Laboratories	22,512	$921K	0.6%	$28.84	+9.2%	COM	002824100
TGT	Target	15,630	$906K	0.6%	$47.95	-13.2%	COM	87612E106
HD	Home Depot	11,005	$891K	0.6%	$59.63	+0.8%	COM	437076102
EBAY	Ebay	17,762	$889K	0.6%	$19.76	-1.9%	COM	278642103
SHW	Sherwin-Williams	4,149	$858K	0.6%	$53.48	+11.9%	COM	824348106
SO	Southern Company	18,370	$834K	0.6%	$25.94	+3.9%	COM	842587107
UNH	UnitedHealth Group	10,148	$830K	0.6%	$50.75	+28.5%	COM	91324P102
NVO	Novo Nordisk	17,840	$824K	0.5%	$67.77	—	COM	670100205
—	EMC	30,020	$791K	0.5%	$23.62	—	COM	268648102
HON	Honeywell	8,257	$767K	0.5%	$53.13	+23.7%	COM	438516106
BUD	Anheuser-Busch InBev	6,665	$766K	0.5%	$90.29	—	COM	03524A108
—	Dominion Resources	10,445	$747K	0.5%	$56.86	—	COM	25746u109
—	St. Jude Medical	10,730	$743K	0.5%	$45.63	—	COM	790849103
DCI	Donaldson	17,315	$733K	0.5%	$29.57	+16.2%	COM	257651109
FAST	Fastenal Co.	14,601	$723K	0.5%	$8.84	+3.0%	COM	311900104
LLY	Eli Lilly	11,084	$689K	0.5%	$45.10	+6.5%	COM	532457108
SBUX	Starbucks	8,903	$689K	0.5%	$27.36	+5.5%	COM	855244109
APD	Air Products & Chem.	5,290	$680K	0.5%	$61.55	+36.3%	COM	009158106
—	Jacobs Engineering	12,132	$646K	0.4%	$55.11	—	COM	469814107
DE	Deere	7,117	$644K	0.4%	$70.31	+5.4%	COM	244199105
—	Bemis	15,570	$633K	0.4%	$39.24	—	COM	081437105
EW	Edwards Lifesciences	7,260	$623K	0.4%	$11.54	+17.5%	COM	28176E108
DLTR	Dollar Tree	11,395	$621K	0.4%	$48.85	+7.6%	COM	256746108
—	Unilever N.V.	13,312	$583K	0.4%	$39.28	—	COM	904784709
IDXX	IDEXX Laboratories	4,225	$564K	0.4%	$63.58	0.0%	COM	45168D104
—	Freeport-McMoRan	14,550	$531K	0.4%	$31.33	—	COM	35671d857
MAR	Marriott Intl. Class A	7,599	$487K	0.3%	$36.65	+44.3%	COM	571903202
BIIB	Biogen IDEC Inc.	1,522	$480K	0.3%	$241.92	+24.4%	COM	09062X103
MKC	McCormick	6,535	$468K	0.3%	$28.19	+1.3%	COM	579780206
—	BB&T Corp.	11,810	$466K	0.3%	$33.97	—	COM	054937107
—	Whole Foods Market	12,025	$465K	0.3%	$43.01	—	COM	966837106
—	Praxair	3,168	$421K	0.3%	$117.69	—	COM	74005P104
SJM	J.M. Smucker	3,805	$405K	0.3%	$70.86	+0.8%	COM	832696405
FDX	FedEx	2,637	$399K	0.3%	$81.95	+44.6%	COM	31428X106
—	Chicago Bridge & Iron	5,843	$398K	0.3%	$59.68	—	COM	167250109
FDS	Factset Research	3,255	$392K	0.3%	$83.78	+14.6%	COM	303075105
—	Varian Med Sys Inc	4,600	$382K	0.3%	$67.66	—	COM	92220P105
—	Coach	8,305	$284K	0.2%	$54.51	—	COM	189754104
KMB	Kimberly Clark	2,515	$280K	0.2%	$63.06	+13.8%	COM	494368103
—	General Electric	9,402	$247K	0.2%	$23.14	—	COM	369604103
—	GlaxoSmithkline PLC	4,266	$228K	0.2%	$53.44	—	COM	37733W105
—	Knowles	7,022	$216K	0.1%	$31.58	—	COM	49926d109
BAX	Baxter International	2,858	$207K	0.1%	$32.70	0.0%	COM	071813109
—	Duke Energy	2,750	$204K	0.1%	$74.18	—	COM	26441c204
—	National Oilwell Varco	2,435	$201K	0.1%	$82.55	—	COM	637071101
—	Novartis	2,213	$200K	0.1%	$90.38	—	COM	66987v109
AMD	Advanced Micro	46,410	$194K	0.1%	$4.05	0.0%	COM	007903107
—	Frontier Communications	12,650	$74,000	0.0%	$5.85	—	COM	35906A108