Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	8,581,291	$277M	5.4%	$28.15	—	COM	594918104
IBM	INTERNATIONAL BUSINESS MACHS	1,288,716	$269M	5.3%	$154.38	—	COM	459200101
INTC	INTEL CORP	9,085,371	$255M	5.0%	$22.51	—	COM	458140100
PFE	PFIZER INC	10,431,730	$236M	4.6%	$18.17	—	COM	717081103
MRK	MERCK & CO INC NEW	5,619,727	$216M	4.2%	$36.41	—	COM	58933Y105
GD	GENERAL DYNAMICS CORP	2,855,534	$210M	4.1%	$69.34	—	COM	369550108
BP	BP PLC	4,405,166	$198M	3.9%	$43.69	—	SPON	055622104
UNH	UNITEDHEALTH GROUP INC	3,249,250	$192M	3.7%	$43.73	—	COM	91324P102
—	APACHE CORP	1,734,465	$174M	3.4%	$114.77	—	COM	037411105
JPM	JPMORGAN CHASE & CO	3,497,700	$161M	3.1%	$43.28	—	COM	46625H100
—	WELLPOINT INC	2,178,553	$161M	3.1%	$61.48	—	COM	94973V107
GLW	CORNING INC	11,196,374	$158M	3.1%	$16.72	—	COM	219350105
MET	METLIFE INC	4,144,790	$155M	3.0%	$39.39	—	COM	59156R108
—	ST JUDE MED INC	3,488,612	$155M	3.0%	$36.95	—	COM	790849103
JNJ	JOHNSON & JOHNSON	2,309,061	$152M	3.0%	$62.56	—	COM	478160104
OMC	OMNICOM GROUP INC	2,817,400	$143M	2.8%	$45.62	—	COM	681919106
WMT	WAL MART STORES INC	2,261,800	$138M	2.7%	$54.56	—	COM	931142103
OXY	OCCIDENTAL PETE CORP DEL	1,407,687	$134M	2.6%	$97.93	—	COM	674599105
GS	GOLDMAN SACHS GROUP INC	1,054,898	$131M	2.6%	$151.24	—	COM	38141G104
—	NOBLE CORPORATION BAAR	3,342,433	$125M	2.4%	$32.39	—	NAME	H5833N103
CVX	CHEVRON CORP NEW	1,161,610	$125M	2.4%	$95.34	—	COM	166764100
—	MEDTRONIC INC	3,109,635	$122M	2.4%	$37.76	—	COM	585055106
—	ROYAL DUTCH SHELL PLC	1,604,891	$113M	2.2%	$67.09	—	SPON	780259107
LNC	LINCOLN NATL CORP IND	3,847,561	$101M	2.0%	$24.61	—	COM	534187109
GPC	GENUINE PARTS CO	1,612,548	$101M	2.0%	$51.75	—	COM	372460105
—	GENERAL ELECTRIC CO	4,975,852	$99.86M	2.0%	$18.49	—	COM	369604103
—	RAYTHEON CO	1,790,048	$94.48M	1.8%	$46.32	—	COM	755111507
—	SANDISK CORP	1,391,500	$69M	1.3%	$49.59	—	COM	80004C101
SRE	SEMPRA ENERGY	1,068,200	$64.05M	1.3%	$52.61	—	COM	816851109
—	PARTNERRE LTD	907,529	$61.61M	1.2%	$76.09	—	COM	G6852T105
—	KRAFT FOODS INC	1,438,300	$54.67M	1.1%	$31.80	—	CL A	50075N104
—	VODAFONE GROUP PLC NEW	1,967,900	$54.45M	1.1%	$28.27	—	SPON	92857W209
PRU	PRUDENTIAL FINL INC	853,100	$54.08M	1.1%	$63.39	—	COM	744320102
VLO	VALERO ENERGY CORP NEW	2,013,258	$51.88M	1.0%	$27.79	—	COM	91913Y100
WDC	WESTERN DIGITAL CORP	1,192,600	$49.36M	1.0%	$33.87	—	COM	958102105
ABT	ABBOTT LABS	799,239	$48.98M	1.0%	$48.04	—	COM	002824100
—	SUNTRUST BKS INC	1,929,967	$46.65M	0.9%	$24.17	—	COM	867914103
UNM	UNUM GROUP	1,858,200	$45.49M	0.9%	$24.02	—	COM	91529Y106
—	DELL INC	2,424,800	$40.25M	0.8%	$14.26	—	COM	24702R101
SPY	SPDR S&P 500 ETF TR	233,100	$32.8M	0.6%	$125.50	—	TR U	78462F103
—	DELPHI AUTOMOTIVE PLC	332,294	$10.5M	0.2%	$31.60	—	SHS	G27823106
EWZ	ISHARES INC	120,660	$7.812M	0.2%	$62.84	—	MSCI	464286400
EWY	ISHARES INC	93,800	$5.567M	0.1%	$51.94	—	MSCI	464286772
—	BARCLAYS BANK PLC	160,900	$3.982M	0.1%	$21.14	—	SP A	06739H776
BCS	BARCLAYS PLC ADR	235,800	$3.572M	0.1%	$17.51	—	ADR	06738E204
SWK	STANLEY BLACK & DECKER INC	40,900	$3.148M	0.1%	$67.60	—	COM	854502101
WFC	WELLS FARGO & CO NEW	89,100	$3.042M	0.1%	$24.12	—	COM	949746101
XOM	EXXON MOBIL CORP	28,371	$2.461M	0.0%	$73.11	—	COM	30231G102
HMC	HONDA MOTOR LTD	57,800	$2.221M	0.0%	$37.63	—	AMER	438128308
SNY	SANOFI	49,200	$1.907M	0.0%	$32.23	—	SPON	80105N105
—	ROYAL BK SCOTLAND GROUP PLC	70,286	$1.653M	0.0%	$16.97	—	SPON	780097804
—	ROYAL BK SCOTLAND GROUP PLC	72,559	$1.606M	0.0%	$16.35	—	SPON	780097879
VEU	VANGUARD INTL EQUITY INDEX F	11,393	$504K	0.0%	$39.65	—	ALLW	922042775
—	BARCLAYS BK PLC	12,500	$299K	0.0%	$19.52	—	ADR	06739F390
NVS	NOVARTIS A G	4,400	$244K	0.0%	$57.51	—	SPON	66987V109
—	TOTAL S A	4,200	$215K	0.0%	$54.22	—	SPON	89151E109
SAN	BANCO SANTANDER SA ADR	26,200	$201K	0.0%	$7.71	—	ADR	05964H105
—	GLAXOSMITHKLINE PLC	2,800	$126K	0.0%	$39.35	—	SPON	37733W105
—	CHINA PETE & CHEM CORP SPON	1,100	$120K	0.0%	$95.38	—	ASHS	16941R108
—	NATIONAL WESTMINSTER BK PLC	3,030	$71,000	0.0%	$16.83	—	SPON	638539882