Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMT	Wal-Mart Stores Inc	3,353,081	$250M	40.6%	$19.98	+2.7%	Common	931142103
XOM	Exxon	540,367	$48.82M	7.9%	$53.81	+15.0%	Common	30231G102
PG	Procter & Gamble	508,076	$39.12M	6.4%	$55.10	+5.8%	Common	742718109
KO	Coca-Cola	937,766	$37.61M	6.1%	$27.59	+1.9%	Common	191216100
UPS	United Parcel Service	303,304	$26.23M	4.3%	$55.42	+20.2%	Common	911312106
JNJ	Johnson & Johnson	212,372	$18.23M	3.0%	$60.59	+20.7%	Common	478160104
MSFT	Microsoft	348,102	$12.03M	2.0%	$27.03	+25.6%	Common	594918104
—	Merck	146,798	$6.818M	1.1%	$46.75	—	Common	589331107
—	Abbott	172,900	$6.03M	1.0%	$34.88	—	Common	2824100
VZ	Verizon Communications	116,703	$5.874M	1.0%	$26.92	-0.5%	Common	92343V104
—	B B & T Corp	172,365	$5.839M	0.9%	$33.88	—	Common	54937107
COP	ConocoPhillips	92,219	$5.579M	0.9%	$40.36	+32.2%	Common	20825C104
—	Medtronic	107,122	$5.513M	0.9%	$51.68	—	Common	585055106
SLB	Schlumberger	67,627	$4.846M	0.8%	$56.20	+33.2%	Common	806857108
PEP	PepsiCo	58,385	$4.775M	0.8%	$56.27	+8.3%	Common	713448108
—	3M Company	43,245	$4.728M	0.8%	$124.83	—	Common	604059105
CL	Colgate Palmolive	82,524	$4.727M	0.8%	$44.67	+14.7%	Common	194162103
USB	US Bancorp	127,744	$4.617M	0.8%	$22.61	+23.5%	Common	902973304
CAT	Caterpillar	55,297	$4.561M	0.7%	$62.56	+24.7%	Common	149123101
—	A T & T Corp	128,107	$4.534M	0.7%	$35.39	—	Common	1957505
PFE	Pfizer	158,106	$4.428M	0.7%	$16.92	+3.7%	Common	717081103
—	SunTrust Banks	132,373	$4.179M	0.7%	$31.57	—	Common	867914103
—	Baxter Intl	59,876	$4.147M	0.7%	$69.26	—	Common	71813109
TXN	Texas Instruments	116,700	$4.066M	0.7%	$26.27	+29.4%	Common	882508104
JPM	J P Morgan Chase	72,841	$3.845M	0.6%	$37.06	+11.2%	Common	46625H100
—	United Tech	39,517	$3.672M	0.6%	$94.70	—	Common	913017109
BMY	Bristol Myers	81,738	$3.652M	0.6%	$33.46	+0.1%	Common	110122108
—	Monsanto	33,338	$3.293M	0.5%	$100.64	—	Common	611662107
SYY	Sysco	95,700	$3.269M	0.5%	$24.98	+7.7%	Common	871829107
NUE	Nucor	71,003	$3.075M	0.5%	$32.86	+17.6%	Common	670346105
LOW	Lowes	74,287	$3.038M	0.5%	$32.16	+17.7%	Common	548661107
TGT	Target Corp	43,281	$2.98M	0.5%	$47.88	-13.0%	Common	87612E106
WMB	Williams Companies	88,400	$2.87M	0.5%	$18.03	+34.1%	Common	969457100
CMCSA	Comcast Corp	65,700	$2.742M	0.4%	$16.78	+17.9%	Common	20030N101
ORCL	Oracle Systems	86,600	$2.659M	0.4%	$28.08	+23.5%	Common	68389X105
—	Raytheon	39,151	$2.588M	0.4%	$66.10	—	Common	755111507
INTU	Intuit	39,100	$2.386M	0.4%	$54.55	+28.6%	Common	461202103
HD	Home Depot	30,800	$2.386M	0.4%	$56.81	+5.8%	Common	437076102
—	Fluor	40,200	$2.384M	0.4%	$59.31	—	Common	343861100
—	BP PLC	53,003	$2.212M	0.4%	$41.73	—	Common	55622104
—	Xilinx	55,300	$2.19M	0.4%	$40.03	—	Common	983919101
LLY	Lilly	41,200	$2.023M	0.3%	$43.45	+10.5%	Common	532457108
NSC	Norfolk Southern	27,584	$2.003M	0.3%	$60.27	+26.1%	Common	655844108
ZBH	Zimmer Holdings	26,300	$1.97M	0.3%	$68.57	+29.3%	Common	98956P102
CVS	CVS Corp	32,675	$1.868M	0.3%	$41.54	+32.1%	Common	126650100
—	Boeing	18,062	$1.85M	0.3%	$102.42	—	Common	97023105
UNH	UnitedHealth	28,100	$1.839M	0.3%	$65.19	0.0%	Common	91324P102
—	Harris Corp	36,345	$1.789M	0.3%	$49.22	—	Common	413875105
SBUX	Starbucks	26,490	$1.735M	0.3%	$25.73	+12.2%	Common	855244109
MCK	McKesson	14,600	$1.671M	0.3%	$163.23	0.0%	Common	58155Q103
—	Eaton Corp	24,900	$1.638M	0.3%	$68.74	—	Common	278058102
UNP	Union Pacific	10,600	$1.635M	0.3%	$59.02	+26.7%	Common	907818108
—	DuPont	30,700	$1.611M	0.3%	$55.04	—	Common	263534109
—	Berkshire Hathaway Cl B	14,215	$1.59M	0.3%	$111.85	—	Common	84670207
—	Praxair Inc	13,170	$1.516M	0.2%	$117.49	—	Common	74005P104
TEVA	Teva Pharmaceutical	38,200	$1.497M	0.2%	$39.19	—	Common	881624209
—	Cigna	19,600	$1.42M	0.2%	$72.50	—	Common	125509109
SYK	Stryker	21,597	$1.396M	0.2%	$63.77	+11.6%	Common	863667101
DIS	Disney Walt Co	21,650	$1.367M	0.2%	$61.64	+19.1%	Common	254687106
EBAY	eBay	26,100	$1.349M	0.2%	$20.17	-3.9%	Common	278642103
MO	Altria Group	38,577	$1.349M	0.2%	$16.33	+17.6%	Common	02209S103
—	Johnson Controls	36,118	$1.292M	0.2%	$35.79	—	Common	478366107
CLX	Clorox	15,255	$1.268M	0.2%	$64.50	0.0%	Common	189054109
FISV	Fiserv	14,000	$1.223M	0.2%	$26.98	+9.9%	Common	337738108
HAS	Hasbro Inc	24,000	$1.075M	0.2%	$33.44	+10.7%	Common	418056107
—	Bank Of America	83,069	$1.068M	0.2%	$12.86	—	Common	60505104
DVN	Devon Energy	20,500	$1.063M	0.2%	$38.38	+27.8%	Common	25179M103
FE	First Energy	27,509	$1.027M	0.2%	$20.72	0.0%	Common	337932107
—	Allergan	11,700	$985K	0.2%	$84.19	—	Common	18490102
FITB	Fifth Third Bancorp	47,309	$853K	0.1%	$11.81	+20.9%	Common	316773100
—	Analog Devices	18,400	$829K	0.1%	$45.05	—	Common	32654105
—	St Jude Medical Inc	17,600	$803K	0.1%	$47.34	—	Common	790849103
MRSH	Marsh & McLennan	20,000	$798K	0.1%	$31.19	+29.9%	Common	571748102
CSX	CSX Corp	27,224	$631K	0.1%	$7.00	+15.6%	Common	126408103
—	Dow Chemical	16,700	$537K	0.1%	$33.96	—	Common	260543103
—	Walgreen	10,500	$464K	0.1%	$53.46	—	Common	931422109
—	Autodesk	12,900	$437K	0.1%	$33.88	—	Common	52769106
—	Premiere Global Services	34,300	$414K	0.1%	$12.07	—	Common	740585104
—	Hewlett Packard Co	10,259	$254K	0.0%	$24.76	—	Common	428236103
—	Alcoa	25,000	$195K	0.0%	$7.80	—	Common	13817101