Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AAPL	APPLE COMPUTER	446,957	$41.53M	18.8%	$92.93 *	$18.03	+13.2%	Common Stock	037833100
JNJ	JOHNSON & JOHNSON	103,322	$10.81M	4.9%	$104.61 *	$59.66	+27.4%	Common Stock	478160104
XOM	EXXON MOBIL	83,225	$8.379M	3.8%	$100.68 *	$53.69	+15.4%	Common Stock	30231G102
PG	PROCTER & GAMBLE	99,726	$7.837M	3.5%	$78.59 *	$55.00	+3.5%	Common Stock	742718109
WAT	WATERS CORP	59,000	$6.161M	2.8%	$104.42	$95.76	+9.1%	Common Stock	941848103
SLB	SCHLUMBERGER LIMITED	48,412	$5.71M	2.6%	$117.95 *	$52.90	+62.4%	Common Stock	806857108
IBM	IBM CORPORATION	29,328	$5.316M	2.4%	$181.26 *	$117.96	-8.1%	Common Stock	459200101
HON	HONEYWELL INTL	54,825	$5.095M	2.3%	$92.93 *	$53.13	+23.9%	Common Stock	438516106
BA	BOEING CORPORATION	38,000	$4.834M	2.2%	$127.21 *	$92.14	+19.3%	Common Stock	097023105
MMM	3M	33,060	$4.735M	2.1%	$143.22 *	$61.26	+35.4%	Common Stock	88579Y101
DIS	DISNEY (WALT) CO.	51,350	$4.402M	2.0%	$85.73 *	$56.11	+37.4%	Common Stock	254687106
JPM	JP MORGAN CHASE & CO.	74,040	$4.266M	1.9%	$57.62 *	$36.24	+16.5%	Common Stock	46625H100
QCOM	QUALCOMM	50,800	$4.023M	1.8%	$79.19 *	$45.06	+27.1%	Common Stock	747525103
UPS	UNITED PARCEL SERVICE	37,800	$3.88M	1.8%	$102.65 *	$55.38	+23.3%	Common Stock	911312106
EMR	EMERSON CO.	58,200	$3.862M	1.7%	$66.36 *	$40.02	+21.5%	Common Stock	291011104
—	GENERAL ELECTRIC	143,937	$3.782M	1.7%	$26.28	$23.44	—	Common Stock	369604103
CL	COLGATE-PALMOLIVE COMPANY	50,128	$3.417M	1.5%	$68.17 *	$44.38	+17.5%	Common Stock	194162103
ABBV	ABBVIE INC.	60,450	$3.411M	1.5%	$56.43 *	$26.55	+33.8%	Common Stock	00287Y109
AMGN	AMGEN INC.	28,500	$3.373M	1.5%	$118.35 *	$76.98	+11.0%	Common Stock	031162100
—	HOWARD HUGHES CORP	21,230	$3.35M	1.5%	$157.80	$112.19	—	Common Stock	44267D107
BAX	BAXTER INTERNATIONAL	41,100	$2.971M	1.3%	$72.29 *	$31.05	+3.9%	Common Stock	071813109
NKE	NIKE INC.	35,000	$2.714M	1.2%	$77.54 *	$26.53	+26.6%	Common Stock	654106103
KO	COCA COLA	63,815	$2.703M	1.2%	$42.36 *	$27.85	+6.0%	Common Stock	191216100
ORCL	ORACLE CORPORATION	66,600	$2.699M	1.2%	$40.53 *	$27.70	+23.3%	Common Stock	68389X105
MCD	MC DONALD'S CORPORATION	26,530	$2.654M	1.2%	$100.04 *	$71.77	+4.5%	Common Stock	580135101
BMY	BRISTOL-MYERS SQUIBB	54,700	$2.653M	1.2%	$48.50 *	$28.67	+15.1%	Common Stock	110122108
MSFT	MICROSOFT CORPORATION	61,600	$2.568M	1.2%	$41.69 *	$26.70	+31.5%	Common Stock	594918104
—	BERKSHIRE HATHAWAY INC. CL. "B"	20,078	$2.541M	1.2%	$126.56	$113.69	—	Common Stock	084670207
PEP	PEPSICO	28,020	$2.503M	1.1%	$89.33 *	$56.00	+13.1%	Common Stock	713448108
ABT	ABBOTT LABORATORIES	58,750	$2.402M	1.1%	$40.89 *	$27.71	+18.5%	Common Stock	002824100
DOV	DOVER CORP	25,100	$2.282M	1.0%	$90.92 *	$39.99	+49.7%	Common Stock	260003108
WTS	WATTS WATER TECHNOLOGIES	36,500	$2.253M	1.0%	$61.73	$46.26	+33.4%	Common Stock	942749102
—	PALL CORPORATION	26,000	$2.22M	1.0%	$85.38	$66.42	—	Common Stock	696429307
—	PRECISION CASTPARTS	8,600	$2.17M	1.0%	$252.33	$225.91	—	Common Stock	740189105
NSC	NORFOLK SOUTHERN CORP.	19,900	$2.05M	0.9%	$103.02 *	$57.67	+38.6%	Common Stock	655844108
NVS	NOVARTIS ADR	22,400	$2.027M	0.9%	$90.49	$72.61	+24.7%	Common Stock	66987V109
UNP	UNION PACIFIC CORP.	19,250	$1.92M	0.9%	$99.74 *	$65.92	+17.2%	Common Stock	907818108
—	VODAFONE GROUP PLC ADR	56,367	$1.882M	0.9%	$33.39	$31.48	—	Common Stock	92857W209
HAL	HALLIBURTON COMPANY	26,300	$1.867M	0.8%	$70.99 *	$33.21	+72.0%	Common Stock	406216101
EXTR	WELLS FARGO	35,300	$1.855M	0.8%	$52.55 *	$3.34	+33.1%	Common Stock	30226D106
—	DUPONT DE NEMOURS	28,271	$1.85M	0.8%	$65.44	$52.47	—	Common Stock	263534109
VZ	VERIZON COMMUNICATIONS	32,531	$1.591M	0.7%	$48.91 *	$26.44	+2.5%	Common Stock	92343V104
AXP	AMERICAN EXPRESS CO.	16,500	$1.565M	0.7%	$94.85 *	$63.24	+27.1%	Common Stock	025816109
—	BAKER HUGHES, INC.	20,200	$1.503M	0.7%	$74.41	$49.06	—	Common Stock	057224107
TRN	TRINITY INDUSTRIES INC	33,700	$1.473M	0.7%	$43.71 *	$16.47	+35.7%	Common Stock	896522109
FDX	FEDEX CORP	8,000	$1.211M	0.5%	$151.38 *	$81.95	+56.9%	Common Stock	31428X106
PM	PHILIP MORRIS INTERNATIONAL	13,800	$1.163M	0.5%	$84.28 *	$49.85	-4.3%	Common Stock	718172109
COP	CONOCO PHILLIPS	12,764	$1.094M	0.5%	$85.71 *	$40.85	+44.4%	Common Stock	20825C104
KMB	KIMBERLY CLARK	9,500	$1.056M	0.5%	$111.16 *	$63.06	+14.8%	Common Stock	494368103
PFE	PFIZER	34,500	$1.023M	0.5%	$29.65 *	$16.46	+5.7%	Common Stock	717081103
INTC	INTEL CORP.	31,400	$970K	0.4%	$30.89 *	$17.18	+36.2%	Common Stock	458140100
—	L-3 COMMUNICATIONS	7,900	$953K	0.4%	$120.63	$85.70	—	Common Stock	502424104
DVN	DEVON ENERGY CORP.	11,600	$921K	0.4%	$79.40 *	$37.00	+45.0%	Common Stock	25179M103
—	CYTEC INDUSTRIES	8,100	$853K	0.4%	$105.31	$73.21	—	Common Stock	232820100
CMI	CUMMINS INC.	5,500	$848K	0.4%	$154.18 *	$81.53	+38.8%	Common Stock	231021106
LLY	LILLY (ELI) & CO.	13,000	$808K	0.4%	$62.15 *	$42.21	+19.0%	Common Stock	532457108
BK	BANK OF NY MELLON CORP	21,421	$802K	0.4%	$37.44 *	$22.78	+24.1%	Common Stock	064058100
HD	HOME DEPOT	9,675	$783K	0.4%	$80.93 *	$57.55	+7.6%	Common Stock	437076102
GS	GOLDMAN SACHS	4,650	$778K	0.4%	$167.31 *	$120.06	+11.5%	Common Stock	38141G104
CVX	CHEVRON TEXACO	5,650	$737K	0.3%	$130.44 *	$71.30	+12.2%	Common Stock	166764100
—	OAKTREE CAPITAL GROUP, LLC	14,400	$719K	0.3%	$49.93	$52.48	—	Common Stock	674001201
LOW	LOWES COMPANIES	13,600	$652K	0.3%	$47.94 *	$32.16	+21.2%	Common Stock	548661107
—	GOOGLE INC CLASS A	1,090	$637K	0.3%	$584.40	$901.26	—	Common Stock	38259P508
—	GOOGLE INC CLASS C	1,090	$627K	0.3%	$575.23	$575.23	—	Common Stock	38259P706
GLW	CORNING INC.	28,300	$621K	0.3%	$21.94 *	$10.49	+55.1%	Common Stock	219350105
—	DEERE & COMPANY	6,700	$606K	0.3%	$90.45	$81.18	—	Common Stock	24419910
FCX	FREEPORT-MCMORAN COPPER & GOLD, INC.	16,200	$591K	0.3%	$36.48 *	$24.45	+29.0%	Common Stock	35671D857
SYK	STRYKER CORPORATION	7,000	$590K	0.3%	$84.29 *	$56.92	+29.5%	Common Stock	863667101
MO	ALTRIA GROUP INC.	13,600	$570K	0.3%	$41.91 *	$16.28	+24.0%	Common Stock	02209S103
—	KRAFT FOODS INC	9,500	$569K	0.3%	$59.89	$55.81	—	Common Stock	50075N104
MS	MORGAN STANLEY	16,900	$546K	0.2%	$32.31 *	$17.84	+33.6%	Common Stock	617446448
—	JACOBS ENGINEERING GROUP	10,000	$532K	0.2%	$53.20	$55.10	—	Common Stock	469814107
COST	COSTCO	4,600	$529K	0.2%	$115.00 *	$86.56	+6.6%	Common Stock	22160K105
APD	AIR PRODUCTS & CHEMICALS	3,950	$508K	0.2%	$128.61 *	$70.09	+28.4%	Common Stock	009158106
CVS	CVS CAREMARK CORP.	6,000	$452K	0.2%	$75.33 *	$41.44	+32.2%	Common Stock	126650100
CSCO	CISCO SYSTEMS	16,900	$419K	0.2%	$24.79 *	$15.24	+13.9%	Common Stock	17275R102
—	EMC CORPORATION	15,200	$400K	0.2%	$26.32	$24.39	—	Common Stock	26864810
—	THIRD POINT REINSURANCE LTD	25,600	$390K	0.2%	$15.23	$15.61	—	Common Stock	G8827U100
KN	KNOWLES CORPORATION	12,650	$388K	0.2%	$30.67	$30.49	+0.8%	Common Stock	49926D109
GILD	GILEAD SCIENCES INC.	4,600	$381K	0.2%	$82.83 *	$54.46	+5.8%	Common Stock	375558103
AIIEX	INVESCO INTERNATIONAL GROWTH A	10,194	$365K	0.2%	$35.81	$33.84	—	Common Stock	008882102
BAC	BANK OF AMERICA CORP	23,705	$364K	0.2%	$15.36 *	$11.23	+7.9%	Common Stock	060505104
—	OPPENHEIMER INTERNATIONAL GROWTH C	9,750	$362K	0.2%	$37.13	$36.51	—	Common Stock	68380L308
NSRGY	NESTLE S A SPONSORED ADR	3,900	$302K	0.1%	$77.44	$69.17	+12.3%	Common Stock	641069406
TJX	TJX COMPANIES, INC.	5,200	$276K	0.1%	$53.08 *	$20.82	+9.0%	Common Stock	872540109
EPD	ENTERPRISE PROSUCTS PARTNERS L.P.	3,400	$266K	0.1%	$78.24	$62.06	—	Common Stock	293792107
—	APACHE CORP.	2,600	$261K	0.1%	$100.38	$85.00	—	Common Stock	037411105
—	CLOVIS	6,000	$248K	0.1%	$41.33	$66.86	—	Common Stock	189464100
—	BLACKROCK INC.	770	$246K	0.1%	$319.48	$269.96	—	Common Stock	09247X101
—	VIRTUS INSIGHT EMERGING MARKETS C	18,800	$184K	0.1%	$9.79	$9.04	—	Common Stock	92828T806
MDXG	MIMEDX GROUP INC	15,000	$106K	0.0%	$7.07	$6.12	+15.8%	Common Stock	602496101