Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
IBM	INTERNATIONAL BUSINESS MACHS	1,378,005	$225M	5.6%	$163.07	$146.76	—	COM	459200101
PFE	PFIZER INC	8,918,389	$181M	4.5%	$20.31	$17.51	—	COM	717081103
BP	BP PLC	4,026,466	$178M	4.4%	$44.14	$44.17	—	SPONSORED	055622104
MSFT	MICROSOFT CORP	6,353,500	$161M	4.0%	$25.36	$27.92	—	COM	594918104
XOM	EXXON MOBIL CORP	1,786,200	$150M	3.8%	$84.13	$73.12	—	COM	30231G102
—	APACHE CORP	1,099,228	$144M	3.6%	$130.92	$124.19	—	COM	037411105
MRK	MERCK & CO INC	4,241,100	$140M	3.5%	$33.01	$36.04	—	NEW COM	58933Y105
OMC	OMNICOM GROUP INC	2,702,000	$133M	3.3%	$49.06	$45.80	—	COM	681919106
GLW	CORNING INC	6,414,500	$132M	3.3%	$20.63	$19.32	—	COM	219350105
GS	GOLDMAN SACHS GROUP INC	823,000	$130M	3.3%	$158.47	$162.46	—	COM	38141G104
INTC	INTEL CORP	5,953,318	$120M	3.0%	$20.17	$21.02	—	COM	458140100
—	ROYAL DUTCH SHELL PLC	1,530,191	$112M	2.8%	$73.24	$66.67	—	SPON ADR	780259107
CVX	CHEVRON CORP	1,039,900	$112M	2.8%	$107.43	$93.66	—	NEW COM	166764100
JNJ	JOHNSON & JOHNSON	1,869,700	$111M	2.8%	$59.25	$61.85	—	COM	478160104
ABT	ABBOTT LABS	2,224,900	$109M	2.7%	$49.05	$47.91	—	COM	002824100
WMT	WAL MART STORES INC	1,979,700	$103M	2.6%	$52.05	$53.93	—	COM	931142103
MET	METLIFE INC	2,295,300	$103M	2.6%	$44.73	$44.49	—	COM	59156R108
—	WELLPOINT INC	1,468,150	$102M	2.6%	$69.79	$57.28	—	COM	94973V107
JPM	JPMORGAN CHASE & CO	2,184,900	$101M	2.5%	$46.10	$42.42	—	COM	46625H100
—	NOBLE CORPORATION BAAR	2,145,400	$97.87M	2.4%	$45.62	$35.77	—	NAMEN -AK	H5833N103
UNH	UNITEDHEALTH GROUP INC	2,145,600	$96.98M	2.4%	$45.20	$39.85	—	COM	91324P102
GD	GENERAL DYNAMICS CORP	1,224,300	$93.73M	2.3%	$76.56	$70.96	—	COM	369550108
—	HEWLETT PACKARD CO	2,281,800	$93.48M	2.3%	$40.97	$42.06	—	COM	428236103
—	RAYTHEON CO	1,662,648	$84.58M	2.1%	$50.87	$46.34	—	COM NEW	755111507
GPC	GENUINE PARTS CO	1,555,748	$83.45M	2.1%	$53.64	$51.34	—	COM	372460105
—	GENERAL ELECTRIC CO	3,698,600	$74.16M	1.9%	$20.05	$18.29	—	COM	369604103
LNC	LINCOLN NATL CORP IND	2,409,761	$72.39M	1.8%	$30.04	$27.81	—	COM	534187109
TRV	TRAVELERS COMPANIES INC	1,126,200	$66.99M	1.7%	$59.48	$55.71	—	COM	89417E109
—	KRAFT FOODS INC	2,063,200	$64.7M	1.6%	$31.36	$31.51	—	CL A	50075N104
—	MEDTRONIC INC	1,594,800	$62.76M	1.6%	$39.35	$37.09	—	COM	585055106
RIG	TRANSOCEAN LTD	779,466	$60.76M	1.5%	$77.95	$69.51	—	REG SHS	H8817H100
LMT	LOCKHEED MARTIN CORP	733,900	$59.01M	1.5%	$80.40	$69.91	—	COM	539830109
—	VODAFONE GROUP PLC NEW	1,954,700	$56.2M	1.4%	$28.75	$28.27	—	SPONS ADR	92857W209
EIX	EDISON INTL	1,514,000	$55.4M	1.4%	$36.59	$38.60	—	COM	281020107
SRE	SEMPRA ENERGY	973,400	$52.08M	1.3%	$53.50	$52.48	—	COM	816851109
—	PARTNERRE LTD	648,400	$51.38M	1.3%	$79.24	$80.35	—	COM	G6852T105
UNM	UNUM GROUP	1,739,300	$45.66M	1.1%	$26.25	$24.22	—	COM	91529Y106
WDC	WESTERN DIGITAL CORP	1,175,600	$43.84M	1.1%	$37.29	$33.90	—	COM	958102105
VLO	VALERO ENERGY CORP	1,333,500	$39.77M	1.0%	$29.82	$29.82	—	NEW COM	91913Y100
—	CHUBB CORP	636,615	$39.03M	1.0%	$61.31	$59.64	—	COM	171232101
—	DELL INC	1,753,500	$25.44M	0.6%	$14.51	$13.55	—	COM	24702R101
—	WELLS FARGO & CO NEW	15,190	$15.72M	0.4%	$1035.22	$1000.53	—	PERP PFD	949746804
—	TOTAL S A	67,400	$4.109M	0.1%	$60.96	$54.22	—	SPONSORED	89151E109
BCS	BARCLAYS PLC	217,000	$3.936M	0.1%	$18.14	$18.07	—	ADR	06738E204
SNY	SANOFI AVENTIS	101,400	$3.571M	0.1%	$35.22	$32.23	—	SPONSORED	80105N105
SPY	SPDR S&P 500 ETF TR	21,200	$2.809M	0.1%	$132.50	$125.79	—	TR UNIT	78462F103
—	CHESAPEAKE ENERGY CORP	24,168	$2.344M	0.1%	$96.99	$87.94	—	PFD CONV	165167842
HMC	HONDA MOTOR LTD	60,300	$2.262M	0.1%	$37.51	$37.62	—	AMERN SHS	438128308
CSCO	CISCO SYS INC	106,000	$1.818M	0.0%	$17.15	$20.23	—	COM	17275R102
NVS	NOVARTIS A G	4,400	$239K	0.0%	$54.32	$57.51	—	SPONSORED	66987V109
SAN	BANCO SANTANDER SA	14,100	$165K	0.0%	$11.70	$10.64	—	ADR	05964H105
—	GLAXOSMITHKLINE PLC	3,100	$119K	0.0%	$38.39	$39.35	—	SPONSORED	37733W105
—	CHINA PETE & CHEM CORP	1,100	$111K	0.0%	$100.91	$95.38	—	SPON ADR	16941R108