Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CVX	CHEVRON	50,502	$6.008M	8.7%	$118.97 *	$71.30	-1.7%	COM	166764100
XOM	EXXON MOBIL	55,000	$4.988M	7.2%	$90.69 *	$53.69	+0.7%	COM	30231G102
T	ATT	98,000	$3.479M	5.0%	$35.50 *	$11.40	-3.6%	COM	00206R102
JNJ	JOHNSON JOHNSON	30,000	$2.588M	3.7%	$86.27 *	$59.66	+1.6%	COM	478160104
PG	PROCTERGAMBLE	30,000	$2.322M	3.3%	$77.40 *	$55.00	-1.7%	COM	742718109
AMGN	AMGEN	22,797	$2.314M	3.3%	$101.50 *	$73.34	-4.7%	COM	031162100
—	GENERAL ELECTRIC	99,500	$2.312M	3.3%	$23.24	$23.24	—	COM	369604103
BMY	BRISTOL MYERS	48,930	$2.215M	3.2%	$45.27 *	$28.67	+3.0%	COM	110122108
INTC	INTEL	90,000	$2.185M	3.2%	$24.28 *	$17.18	+2.9%	COM	458140100
MMM	3M CORP.	19,300	$2.119M	3.1%	$109.79 *	$61.26	+1.0%	COM	88579Y101
CL	COLGATE PALMOLIVE	15,000	$1.934M	2.8%	$128.93 *	$44.38	-3.4%	COM	194162103
PFE	PFIZER	65,000	$1.825M	2.6%	$28.08 *	$16.46	-3.5%	COM	717081103
AXP	AMERICAN EXPRESS	24,140	$1.73M	2.5%	$71.67 *	$59.62	+5.1%	COM	025816109
CAT	CATERPILLAR TRACTOR	18,660	$1.542M	2.2%	$82.64 *	$61.55	-2.9%	COM	149123101
COP	CONOCO	25,000	$1.523M	2.2%	$60.92 *	$39.96	+0.1%	COM	20825C104
BA	BOEING	14,486	$1.495M	2.2%	$103.20 *	$80.37	+8.0%	COM	097023105
KMB	KIMBERLY CLARK	15,000	$1.459M	2.1%	$97.27 *	$63.06	-2.9%	COM	494368103
V	VERIZON	25,500	$1.286M	1.9%	$50.43 *	$40.02	+4.5%	COM	92826C839
PEP	PEPSICO	15,000	$1.236M	1.8%	$82.40 *	$56.00	+0.7%	COM	713448108
—	E.I. DUPONT	21,750	$1.143M	1.6%	$52.55	$52.55	—	COM	263534109
COST	COSTCO	10,000	$1.108M	1.6%	$110.80 *	$86.56	+1.3%	COM	22160K105
SLB	SCHLUMBERGER	15,000	$1.082M	1.6%	$72.13 *	$52.90	-2.9%	COM	806857108
—	BANK OF AMERICA	81,215	$1.056M	1.5%	$13.00	$13.00	—	COM	060900115
ITW	ILLINOIS TOOL WORKS	15,000	$1.048M	1.5%	$69.87 *	$49.85	+4.0%	COM	452308109
EL	ESTEE LAUDER	15,700	$1.04M	1.5%	$66.24 *	$58.22	-3.4%	COM	518439104
CAG	CONAGRA	28,000	$980K	1.4%	$35.00 *	$17.69	+0.7%	COM	205887102
MSFT	MICROSOFT	28,000	$973K	1.4%	$34.75 *	$26.70	+5.8%	COM	594918104
TRN	TRINITY INDUSTRIES	25,000	$966K	1.4%	$38.64 *	$10.24	-5.2%	COM	896522109
—	ANADARKO	11,000	$955K	1.4%	$86.82	$86.82	—	COM	032511107
—	DUKE ENERGY	14,000	$944K	1.4%	$67.43	$67.43	—	COM	26441C105
NSC	NORFOLK SOUTHERN	12,800	$933K	1.3%	$72.89 *	$57.67	-4.6%	COM	655844108
WFC	WELLS FARGO	22,000	$919K	1.3%	$41.77 *	$27.36	+6.2%	COM	949746101
—	WALGREEN	20,000	$900K	1.3%	$45.00	$45.00	—	COM	931422109
ABT	ABBOTT LABS	25,000	$879K	1.3%	$35.16 *	$28.85	-4.9%	COM	002824100
—	EMC	36,475	$865K	1.2%	$23.71	$23.71	—	COM	268648102
—	TOTAL SA	17,500	$856K	1.2%	$48.91	$48.91	—	COM	89151E109
—	EATON	12,700	$840K	1.2%	$66.14	$66.14	—	COM	278058102
ABBV	ABBVIE	20,000	$831K	1.2%	$41.55 *	$26.55	-5.4%	COM	00287Y109
—	INGERSOLL RAND	14,000	$786K	1.1%	$56.14	$56.14	—	COM	G4776G101
CSCO	CISCO	30,000	$737K	1.1%	$24.57 *	$15.24	+8.2%	COM	17275R102
WY	WEYERHAUSER	23,000	$659K	1.0%	$28.65 *	$18.73	-5.5%	COM	962166104
—	CHESAPEAKE ENERGY	30,000	$613K	0.9%	$20.43	$20.43	—	COM	165167107
—	CITIGROUP	12,000	$584K	0.8%	$48.67	$48.67	—	COM	172967101
CSX	CSX	24,500	$572K	0.8%	$23.35 *	$6.66	-5.4%	COM	126408103
FCX	FREEPORT MCMORAN	20,000	$562K	0.8%	$28.10 *	$24.45	-6.1%	COM	35671D857
—	NOBLE CORP	14,500	$545K	0.8%	$37.59	$37.59	—	COM	h5833n103
VEOEY	VEOLIA	30,000	$343K	0.5%	$11.43	$12.69	-10.1%	COM	92334N103
EWA	I SHARES AUSTRALIA	21,000	$337K	0.5%	$16.05 *	$25.80	-12.5%	COM	464286103
MDLZ	MONDELEZ	10,000	$290K	0.4%	$29.00 *	$23.16	-5.8%	COM	609207105
ATI	ALLEGHENY	10,750	$283K	0.4%	$26.33 *	$26.04	-6.3%	COM	01741R102
—	ALCOA	22,500	$176K	0.3%	$7.82	$7.82	—	COM	013817101