Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IBM	INTERNATIONAL BUSINESS MACHS	1,264,005	$221M	6.4%	$175.03	$147.16	—	COM	459200101
MSFT	MICROSOFT CORP	6,834,100	$170M	5.0%	$24.89	$27.72	—	COM	594918104
PFE	PFIZER INC	8,960,689	$158M	4.6%	$17.68	$17.51	—	COM	717081103
BP	BP PLC	4,283,866	$155M	4.5%	$36.07	$43.68	—	SPO	055622104
MRK	MERCK & CO INC	4,431,900	$145M	4.2%	$32.71	$35.95	—	NEW	58933Y105
INTC	INTEL CORP	6,705,018	$143M	4.2%	$21.33	$21.12	—	COM	458140100
XOM	EXXON MOBIL CORP	1,822,100	$132M	3.9%	$72.63	$73.11	—	COM	30231G102
JNJ	JOHNSON & JOHNSON	1,939,300	$124M	3.6%	$63.71	$61.95	—	COM	478160104
ABT	ABBOTT LABS	2,302,900	$118M	3.4%	$51.14	$48.04	—	COM	002824100
GLW	CORNING INC	8,719,400	$108M	3.1%	$12.36	$17.58	—	COM	219350105
UNH	UNITEDHEALTH GROUP INC	2,304,500	$106M	3.1%	$46.12	$40.29	—	COM	91324P102
WMT	WAL MART STORES INC	2,031,500	$105M	3.1%	$51.90	$53.88	—	COM	931142103
—	WELLPOINT INC	1,542,350	$101M	2.9%	$65.28	$58.02	—	COM	94973V107
CVX	CHEVRON CORP	1,080,600	$99.98M	2.9%	$92.52	$94.01	—	NEW	166764100
OMC	OMNICOM GROUP INC	2,697,200	$99.36M	2.9%	$36.84	$45.66	—	COM	681919106
—	ROYAL DUTCH SHELL PLC	1,570,491	$97.45M	2.8%	$62.05	$66.55	—	SPO	780259107
—	APACHE CORP	1,149,128	$92.21M	2.7%	$80.24	$123.05	—	COM	037411105
GS	GOLDMAN SACHS GROUP INC	856,300	$80.96M	2.4%	$94.55	$160.37	—	COM	38141G104
GPC	GENUINE PARTS CO	1,572,548	$79.89M	2.3%	$50.80	$51.33	—	COM	372460105
—	NOBLE CORPORATION BAAR	2,600,400	$76.32M	2.2%	$29.35	$31.79	—	NAM	H5833N103
GD	GENERAL DYNAMICS CORP	1,276,000	$72.59M	2.1%	$56.89	$70.72	—	COM	369550108
—	RAYTHEON CO	1,703,748	$69.63M	2.0%	$40.87	$46.21	—	COM	755111507
MET	METLIFE INC COM	2,405,800	$67.39M	2.0%	$28.01	$44.06	—	COM	59156R108
JPM	JPMORGAN CHASE & CO	2,184,900	$65.81M	1.9%	$30.12	$42.42	—	COM	46625H100
EIX	EDISON INTL	1,602,100	$61.28M	1.8%	$38.25	$38.60	—	COM	281020107
—	GENERAL ELECTRIC CO	3,861,500	$58.85M	1.7%	$15.24	$18.25	—	COM	369604103
LMT	LOCKHEED MARTIN CORP	778,200	$56.53M	1.6%	$72.64	$70.33	—	COM	539830109
TRV	TRAVELERS COMPANIES INC	1,157,000	$56.38M	1.6%	$48.73	$55.56	—	COM	89417E109
OXY	OCCIDENTAL PETE CORP DEL COM	779,400	$55.73M	1.6%	$71.50	$100.78	—	DEL	674599105
—	MEDTRONIC INC	1,598,200	$53.12M	1.5%	$33.24	$37.09	—	COM	585055106
SRE	SEMPRA ENERGY	1,001,800	$51.59M	1.5%	$51.50	$52.45	—	COM	816851109
—	VODAFONE GROUP PLC	1,967,100	$50.46M	1.5%	$25.65	$28.27	—	NEW	92857W209
—	HEWLETT PACKARD CO	2,135,579	$47.94M	1.4%	$22.45	$41.95	—	COM	428236103
—	KRAFT FOODS INC	1,366,800	$45.9M	1.3%	$33.58	$31.51	—	CL	50075N104
LNC	LINCOLN NATL CORP	2,479,961	$38.76M	1.1%	$15.63	$27.47	—	IND	534187109
UNM	UNUM GROUP	1,778,500	$37.28M	1.1%	$20.96	$24.15	—	COM	91529Y106
—	PARTNERRE LTD	686,500	$35.88M	1.0%	$52.27	$79.18	—	COM	G6852T105
WDC	WESTERN DIGITAL CORP	1,179,000	$30.32M	0.9%	$25.72	$33.90	—	COM	958102105
—	DELL INC	1,798,500	$25.45M	0.7%	$14.15	$13.57	—	COM	24702R101
VLO	VALERO ENERGY CORP	1,426,800	$25.37M	0.7%	$17.78	$29.33	—	NEW	91913Y100
—	BARCLAYS BANK PLC	160,900	$3.401M	0.1%	$21.14	$21.14	—	SP	06739H776
SNY	SANOFI	100,800	$3.306M	0.1%	$32.80	$32.23	—	SPO	80105N105
—	TOTAL S A	67,400	$2.957M	0.1%	$43.87	$54.22	—	SPO	89151E109
BCS	BARCLAYS PLC	227,400	$2.224M	0.1%	$9.78	$17.75	—	ADR	06738E204
WFC	WELLS FARGO & CO	89,100	$2.149M	0.1%	$24.12	$24.12	—	NEW	949746101
HMC	HONDA MOTOR LTD	61,400	$1.79M	0.1%	$29.15	$37.63	—	AME	438128308
NVS	NOVARTIS A G	4,400	$245K	0.0%	$55.68	$57.51	—	SPO	66987V109
—	BARCLAYS BK PLC	12,500	$244K	0.0%	$19.52	$19.52	—	ADR	06739F390
SAN	BANCO SANTANDER SA	15,700	$126K	0.0%	$8.03	$10.73	—	ADR	05964H105
—	GLAXOSMITHKLINE PLC	2,800	$116K	0.0%	$41.43	$39.35	—	SPO	37733W105
—	CHINA PETE & CHEM CORP	1,100	$105K	0.0%	$95.45	$95.38	—	SPO	16941R108