Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL CORP	80,745	$8.129M	4.8%	$100.67 *	$55.50	+11.6%	COM	30231G102
PM	PHILIP MORRIS INTERNATIONAL	71,111	$5.995M	3.6%	$84.30 *	$47.71	-0.0%	COM	718172109
JNJ	JOHNSON & JOHNSON	52,545	$5.497M	3.3%	$104.62 *	$65.27	+16.5%	COM	478160104
PEP	PEPSICO INC	59,036	$5.274M	3.1%	$89.34 *	$57.48	+10.2%	COM	713448108
KO	COCA-COLA CO	122,047	$5.17M	3.1%	$42.36 *	$26.90	+9.7%	COM	191216100
—	UNITED TECHNOLOGIES CORP	44,722	$5.163M	3.1%	$115.45	$112.37	—	COM	913017109
PG	PROCTER & GAMBLE CO	64,198	$5.045M	3.0%	$78.59 *	$57.57	-1.1%	COM	742718109
KMB	KIMBERLY-CLARK CORP	41,749	$4.643M	2.8%	$111.21 *	$65.00	+11.4%	COM	494368103
ITW	ILLINOIS TOOL WORKS	48,761	$4.27M	2.5%	$87.57 *	$58.14	+15.2%	COM	452308109
AXP	AMERICAN EXPRESS CO	44,462	$4.218M	2.5%	$94.87 *	$67.29	+19.5%	COM	025816109
—	PRAXAIR INC	31,340	$4.163M	2.5%	$132.83	$127.71	—	COM	74005P104
NSRGY	NESTLES SA - ADR	51,215	$3.978M	2.4%	$77.67	$70.80	+9.7%	COM	641069406
—	GENERAL ELECTRIC CO	149,304	$3.924M	2.3%	$26.28	$26.98	—	COM	369604103
DHR	DANAHER CORP	47,454	$3.736M	2.2%	$78.73 *	$29.10	+10.2%	COM	235851102
MCD	MCDONALD`S CORP	36,339	$3.661M	2.2%	$100.75 *	$70.14	+7.0%	COM	580135101
GIS	GENERAL MILLS INC	68,851	$3.617M	2.1%	$52.53 *	$32.89	+7.2%	COM	370334104
MRK	MERCK & CO INC	54,548	$3.156M	1.9%	$57.86 *	$31.21	+23.8%	COM	58933Y105
CVX	CHEVRON CORP	23,890	$3.119M	1.9%	$130.56 *	$72.53	+10.3%	COM	166764100
TROW	T ROWE PRICE GROUP INC	36,740	$3.101M	1.8%	$84.40 *	$49.72	+11.1%	COM	74144T108
DEO	DIAGEO PLC - ADR	23,448	$2.984M	1.8%	$127.26	$126.99	+0.2%	COM	25243Q205
UPS	UNITED PARCEL SERVICE - CL B	29,060	$2.983M	1.8%	$102.65 *	$62.53	+9.2%	COM	911312106
MTB	M&T BANK	24,013	$2.979M	1.8%	$124.06 *	$81.68	+10.5%	COM	55261F104
—	JOHNSON CONTROLS INC	59,542	$2.973M	1.8%	$49.93	$48.69	—	COM	478366107
EMR	EMERSON ELECTRIC CO	43,886	$2.912M	1.7%	$66.35 *	$47.31	+2.8%	COM	291011104
HAL	HALLIBURTON CO	40,949	$2.908M	1.7%	$71.02 *	$40.21	+42.0%	COM	406216101
BDX	BECTON DICKINSON & CO.	24,240	$2.868M	1.7%	$118.32 *	$84.31	+14.7%	COM	075887109
PNC	PNC FINANCIAL SERVICES GROUP	30,915	$2.753M	1.6%	$89.05 *	$51.83	+20.3%	COM	693475105
BA	BOEING COMPANY	21,585	$2.746M	1.6%	$127.22 *	$105.68	+4.1%	COM	097023105
T	AT&T INC	77,619	$2.745M	1.6%	$35.37 *	$11.12	+5.8%	COM	00206R102
MSFT	MICROSOFT CORP	65,285	$2.722M	1.6%	$41.69 *	$29.18	+20.3%	COM	594918104
SO	SOUTHERN COMPANY	59,196	$2.686M	1.6%	$45.37 *	$24.76	+12.2%	COM	842587107
INTC	INTEL CORP	81,134	$2.507M	1.5%	$30.90 *	$17.64	+32.6%	COM	458140100
RHHBY	ROCHE HOLDINGS LTD - ADR	67,084	$2.502M	1.5%	$37.30	$33.51	+11.3%	COM	771195104
—	SPECTRA ENERGY	58,878	$2.501M	1.5%	$42.48	$35.25	—	COM	847560109
QCOM	QUALCOMM INC	31,375	$2.485M	1.5%	$79.20 *	$50.37	+13.7%	COM	747525103
NUE	NUCOR CORP	48,096	$2.369M	1.4%	$49.26 *	$37.43	-0.2%	COM	670346105
IBM	INTL BUSINESS MACHINES CORP	12,915	$2.341M	1.4%	$181.26 *	$107.60	+0.7%	COM	459200101
VZ	VERIZON COMMUNICATIONS INC	44,537	$2.179M	1.3%	$48.93 *	$26.58	+1.9%	COM	92343V104
COP	CONOCOPHILLIPS	24,891	$2.134M	1.3%	$85.73 *	$47.31	+24.7%	COM	20825C104
ABT	ABBOTT LABORATORIES	48,558	$1.986M	1.2%	$40.90 *	$29.00	+13.2%	COM	002824100
WPP	WPP PLC - ADR	17,952	$1.957M	1.2%	$109.01	$105.03	+3.8%	COM	92937A102
TXN	TEXAS INSTRUMENTS INC	40,186	$1.92M	1.1%	$47.78 *	$29.44	+18.5%	COM	882508104
SYY	SYSCO CORP	51,255	$1.919M	1.1%	$37.44 *	$24.30	+12.9%	COM	871829107
—	TIME WARNER CABLE INC	12,015	$1.77M	1.1%	$147.32	$131.45	—	COM	88732J207
MAS	MASCO CORP	75,355	$1.673M	1.0%	$22.20 *	$15.36	+7.3%	COM	574599106
MA	MASTERCARD INC.	22,725	$1.67M	1.0%	$73.49 *	$69.24	-1.1%	COM	57636Q104
—	EXPRESS SCRIPTS HOLDING CO.	24,005	$1.664M	1.0%	$69.32	$68.28	—	COM	30219G108
SIEGY	SIEMENS AG - ADR	12,427	$1.643M	1.0%	$132.21	$123.88	+6.7%	COM	826197501
—	UNILEVER N.V.	29,020	$1.27M	0.8%	$43.76	$60.39	—	COM	904784709
—	BABSON CAPITAL CORP	80,500	$1.229M	0.7%	$15.27	$14.94	—	COM	05617K109
COR	AMERISOURCEBERGEN CORP	16,120	$1.171M	0.7%	$72.64 *	$48.63	+8.9%	COM	03073E105
—	ROYAL DUTCH SHELL PLC - ADR A	13,830	$1.139M	0.7%	$82.36	$69.97	—	COM	780259206
BHP	BHP BILLITON LTD - ADR	16,197	$1.109M	0.7%	$68.47 *	$63.71	+1.8%	COM	088606108
OXY	OCCIDENTAL PETROLEUM CORP	10,342	$1.061M	0.6%	$102.59 *	$62.26	+11.8%	COM	674599105
MDLZ	MONDELEZ INTERNATIONAL INC	22,445	$844K	0.5%	$37.60 *	$25.52	+14.5%	COM	609207105
ABBV	ABBVIE INC.	13,441	$759K	0.5%	$56.47 *	$29.61	+19.9%	COM	00287Y109
—	CHUBB CORP	6,940	$640K	0.4%	$92.22	$89.25	—	COM	171232101
—	TECO ENERGY INC	33,925	$627K	0.4%	$18.48	$18.48	—	COM	872375100
—	KRAFT FOODS GROUP INC	9,396	$563K	0.3%	$59.92	$53.88	—	COM	50076Q106
—	CELGENE CORP	4,620	$397K	0.2%	$85.93	$113.42	—	COM	151020104
EBAY	EBAY INC	7,440	$372K	0.2%	$50.00 *	$20.21	-7.2%	COM	278642103
BUD	ANHEUSER-BUSCH INBEV NV	2,840	$326K	0.2%	$114.79	$101.45	+13.3%	COM	03524A108
AVY	AVERY DENISON	6,300	$323K	0.2%	$51.27 *	$37.09	+10.7%	COM	053611109
MMM	3M COMPANY	2,245	$322K	0.2%	$143.43 *	$72.67	+14.2%	COM	88579Y101
—	EMC CORP MASS	11,360	$299K	0.2%	$26.32	$25.14	—	COM	268648102
APD	AIR PRODUCTS & CHEMICALS INC	1,754	$226K	0.1%	$128.85 *	$79.28	+13.5%	COM	009158106
HON	HONEYWELL INTL INC	2,400	$223K	0.1%	$92.92 *	$60.82	+8.2%	COM	438516106
—	ERHC ENERGY INC	75,000	$5,000	0.0%	$0.07	$0.05	—	COM	26884J104