Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	Wal-Mart Stores Inc	3,382,284	$266M	30.9%	$19.98	+1.8%	Common	931142103
UPS	United Parcel Service	580,510	$61M	7.1%	$55.42	+16.3%	Common	911312106
XOM	Exxon	574,535	$58.14M	6.7%	$53.69	+4.2%	Common	30231G102
KO	Coca-Cola	1,396,210	$57.68M	6.7%	$27.59	-2.3%	Common	191216100
BMY	Bristol Myers	1,023,538	$54.4M	6.3%	$33.46	+2.1%	Common	110122108
PG	Procter & Gamble	594,224	$48.38M	5.6%	$55.08	+5.3%	Common	742718109
JNJ	Johnson & Johnson	256,680	$23.51M	2.7%	$60.36	+8.9%	Common	478160104
—	3M Company	94,170	$13.21M	1.5%	$123.61	—	Common	604059105
MSFT	Microsoft	329,899	$12.34M	1.4%	$26.70	+12.4%	Common	594918104
ABT	Abbott	264,400	$10.13M	1.2%	$29.23	0.0%	Common	002824100
—	Merck	195,923	$9.806M	1.1%	$46.75	—	Common	589331107
SLB	Schlumberger	100,992	$9.1M	1.1%	$55.18	+17.9%	Common	806857108
—	B B & T Corp	241,926	$9.029M	1.0%	$37.32	—	Common	054937107
COP	ConocoPhillips	124,837	$8.82M	1.0%	$40.19	+20.4%	Common	20825C104
CL	Colgate Palmolive	130,750	$8.526M	1.0%	$44.48	+8.8%	Common	194162103
VZ	Verizon Communications	164,735	$8.095M	0.9%	$27.01	-1.5%	Common	92343V104
PFE	Pfizer	259,128	$7.937M	0.9%	$16.73	+5.3%	Common	717081103
DIS	Disney Walt Co	101,025	$7.718M	0.9%	$59.90	+3.0%	Common	254687106
CMCSA	Comcast Corp	143,218	$7.442M	0.9%	$16.29	+12.8%	Common	20030N101
PEP	PepsiCo	89,380	$7.413M	0.9%	$56.22	+2.7%	Common	713448108
USB	US Bancorp	169,537	$6.849M	0.8%	$22.61	+12.2%	Common	902973304
JPM	J P Morgan Chase	115,732	$6.768M	0.8%	$36.61	+8.2%	Common	46625H100
LOW	Lowes	133,620	$6.621M	0.8%	$32.16	+21.7%	Common	548661107
—	Medtronic	114,923	$6.595M	0.8%	$51.47	—	Common	585055106
—	A T & T Corp	179,090	$6.297M	0.7%	$35.16	—	Common	001957505
—	UBS AG	307,876	$5.927M	0.7%	$17.70	—	Common	H8920M855
BAX	Baxter Intl	83,757	$5.825M	0.7%	$29.22	0.0%	Common	071813109
—	Monsanto	48,903	$5.7M	0.7%	$99.82	—	Common	611662107
—	SunTrust Banks	148,935	$5.482M	0.6%	$31.57	—	Common	867914103
ORCL	Oracle Systems	134,100	$5.131M	0.6%	$27.76	+3.7%	Common	68389X105
WMB	Williams Companies	132,000	$5.091M	0.6%	$18.03	+1.9%	Common	969457100
TXN	Texas Instruments	110,900	$4.87M	0.6%	$25.31	+18.8%	Common	882508104
NUE	Nucor	90,924	$4.854M	0.6%	$32.41	+18.2%	Common	670346105
—	Eaton Corp	62,843	$4.784M	0.6%	$68.48	—	Common	278058102
CAT	Caterpillar	52,202	$4.74M	0.5%	$61.56	+1.8%	Common	149123101
—	United Tech	40,050	$4.558M	0.5%	$94.70	—	Common	913017109
HAS	Hasbro Inc	66,220	$3.643M	0.4%	$32.37	+6.5%	Common	418056107
—	Maxim Integrated Products	128,714	$3.591M	0.4%	$28.72	—	Common	57772K101
TGT	Target Corp	54,354	$3.439M	0.4%	$47.88	-6.9%	Common	87612E106
NSC	Norfolk Southern	36,770	$3.413M	0.4%	$57.67	+13.9%	Common	655844108
SBUX	Starbucks	40,875	$3.204M	0.4%	$25.73	+21.3%	Common	855244109
BA	Boeing	23,362	$3.189M	0.4%	$110.94	0.0%	Common	097023105
ZBH	Zimmer Holdings	33,700	$3.141M	0.4%	$68.57	+14.2%	Common	98956P102
INTU	Intuit	38,980	$2.975M	0.3%	$54.39	+19.5%	Common	461202103
SYY	Sysco	73,840	$2.666M	0.3%	$24.40	-0.1%	Common	871829107
BP	BP PLC	54,613	$2.655M	0.3%	$48.61	—	Common	055622104
UNP	Union Pacific	15,700	$2.638M	0.3%	$57.73	+4.9%	Common	907818108
CVS	CVS Corp	35,875	$2.568M	0.3%	$41.54	+11.5%	Common	126650100
HD	Home Depot	29,472	$2.427M	0.3%	$56.05	+4.8%	Common	437076102
FITB	Fifth Third Bancorp	101,362	$2.132M	0.2%	$11.81	+10.7%	Common	316773100
—	Praxair Inc	15,585	$2.027M	0.2%	$115.78	—	Common	74005P104
—	Fluor	25,100	$2.015M	0.2%	$59.32	—	Common	343861100
—	Harris Corp	28,750	$2.007M	0.2%	$49.25	—	Common	413875105
DEO	Diageo PLC	14,700	$1.947M	0.2%	$132.45	—	Common	25243Q205
MO	Altria Group	49,928	$1.917M	0.2%	$16.31	+5.1%	Common	02209S103
—	Berkshire Hathaway Cl B	15,900	$1.885M	0.2%	$118.55	—	Common	084670207
EBAY	eBay	31,100	$1.706M	0.2%	$20.13	-2.1%	Common	278642103
SYK	Stryker	22,500	$1.691M	0.2%	$56.92	+10.8%	Common	863667101
—	Cigna	18,200	$1.592M	0.2%	$72.50	—	Common	125509109
LLY	Lilly	30,200	$1.54M	0.2%	$42.21	-6.2%	Common	532457108
—	Johnson Controls	28,275	$1.451M	0.2%	$35.80	—	Common	478366107
CSX	CSX Corp	49,424	$1.422M	0.2%	$6.89	+7.0%	Common	126408103
ADSK	Autodesk	26,900	$1.354M	0.2%	$43.82	0.0%	Common	052769106
AMGN	Amgen	11,320	$1.291M	0.1%	$81.11	0.0%	Common	031162100
—	GlaxoSmithkline	23,671	$1.264M	0.1%	$51.41	—	Common	37733W105
ADBE	Adobe	21,000	$1.257M	0.1%	$55.25	0.0%	Common	00724F101
CLX	Clorox	12,790	$1.186M	0.1%	$60.32	+5.8%	Common	189054109
—	DuPont	18,189	$1.182M	0.1%	$52.51	—	Common	263534109
DVN	Devon Energy	18,060	$1.117M	0.1%	$37.18	+10.4%	Common	25179M103
FISV	Fiserv	18,680	$1.103M	0.1%	$26.98	0.0%	Common	337738108
BAC	Bank Of America	65,999	$1.028M	0.1%	$11.68	0.0%	Common	060505104
ADI	Analog Devices	19,150	$975K	0.1%	$37.64	0.0%	Common	032654105
MRSH	Marsh & McLennan	20,000	$967K	0.1%	$31.19	+19.9%	Common	571748102
ALL	Allstate	16,726	$912K	0.1%	$41.10	0.0%	Common	020002101
—	Walgreen	15,831	$909K	0.1%	$46.64	—	Common	931422109
—	Raytheon	10,010	$908K	0.1%	$66.13	—	Common	755111507
—	Xilinx	19,200	$882K	0.1%	$39.61	—	Common	983919101
—	St Jude Medical Inc	14,000	$867K	0.1%	$47.83	—	Common	790849103
—	Dow Chemical	17,400	$773K	0.1%	$32.14	—	Common	260543103
FE	First Energy	16,314	$538K	0.1%	$24.57	-13.9%	Common	337932107
HAL	Halliburton	10,400	$528K	0.1%	$41.29	0.0%	Common	406216101
BSX	Boston Scientific	41,965	$504K	0.1%	$8.48	+39.3%	Common	101137107
—	Krispy Kreme	20,000	$386K	0.0%	$19.30	—	Common	501014104
—	Premiere Global Services	31,900	$370K	0.0%	$12.07	—	Common	740585104
—	Ford Motor	18,000	$278K	0.0%	$15.44	—	Common	345370100
—	Alcoa	25,000	$266K	0.0%	$10.64	—	Common	013817101