Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CVX	CHEVRON	50,000	$6.075M	8.3%	$121.50 *	$71.30	+1.8%	COM	166764100
XOM	EXXON MOBIL	50,000	$4.788M	6.5%	$95.76 *	$53.69	-3.4%	COM	30231G102
T	ATT	98,000	$3.314M	4.5%	$33.82 *	$11.40	-6.4%	COM	00206R102
JNJ	JOHNSON AND JOHNSON	30,000	$2.6M	3.5%	$86.67 *	$59.66	+3.4%	COM	478160104
AMGN	AMGEN	22,797	$2.551M	3.5%	$111.90 *	$73.34	+8.6%	COM	031162100
—	GENERAL ELECTRIC	99,500	$2.37M	3.2%	$23.82	$23.24	—	COM	369604103
MMM	3M CORP.	20,000	$2.366M	3.2%	$118.30 *	$61.43	+10.6%	COM	88579Y101
PG	PROCTER AND GAMBLE	30,000	$2.267M	3.1%	$75.57 *	$55.00	-2.8%	COM	742718109
BMY	BRISTOL MYERS	48,930	$2.264M	3.1%	$46.27 *	$28.67	+7.5%	COM	110122108
COP	CONOCO	30,000	$2.085M	2.8%	$69.50 *	$40.71	+14.1%	COM	20825C104
INTC	INTEL	90,000	$2.027M	2.8%	$22.52 *	$17.18	-1.7%	COM	458140100
PFE	PFIZER	65,000	$1.838M	2.5%	$28.28 *	$16.46	-0.2%	COM	717081103
AXP	AMERICAN EXPRESS	24,140	$1.823M	2.5%	$75.52 *	$59.62	+6.5%	COM	025816109
BA	BOEING	14,486	$1.702M	2.3%	$117.49 *	$80.37	+24.5%	COM	097023105
CAT	CATERPILLAR TRACTOR	18,660	$1.556M	2.1%	$83.39 *	$61.55	-1.1%	COM	149123101
KMB	KIMBERLY CLARK	15,000	$1.413M	1.9%	$94.20 *	$63.06	-5.0%	COM	494368103
SLB	SCHLUMBERGER	15,000	$1.325M	1.8%	$88.33 *	$52.90	+20.2%	COM	806857108
—	E.I. DUPONT	22,000	$1.288M	1.8%	$58.55	$52.62	—	COM	263534109
PEP	PEPSICO	16,000	$1.272M	1.7%	$79.50 *	$56.04	-1.5%	COM	713448108
V	VERIZON	25,500	$1.182M	1.6%	$46.35 *	$40.02	+9.5%	COM	92826C839
—	BANK OF AMERICA	85,000	$1.173M	1.6%	$13.80	$13.04	—	COM	060900115
COST	COSTCO	10,000	$1.157M	1.6%	$115.70 *	$86.56	+5.8%	COM	22160K105
ITW	ILLINOIS TOOL WORKS	15,000	$1.133M	1.5%	$75.53 *	$49.85	+15.3%	COM	452308109
WFC	WELLS FARGO	27,000	$1.116M	1.5%	$41.33 *	$27.89	+5.1%	COM	949746101
EL	ESTEE LAUDER	15,700	$1.097M	1.5%	$69.87 *	$58.22	+2.9%	COM	518439104
—	DUKE ENERGY	16,000	$1.068M	1.5%	$66.75	$67.34	—	COM	26441C105
—	EMC	40,000	$1.022M	1.4%	$25.55	$23.88	—	COM	268648102
—	TOTAL SA	17,500	$1.019M	1.4%	$58.23	$48.91	—	COM	89151E109
NSC	NORFOLK SOUTHERN	13,000	$1.006M	1.4%	$77.38 *	$57.66	+2.3%	COM	655844108
—	ANADARKO	11,000	$1M	1.4%	$90.91	$86.82	—	COM	032511107
ABT	ABBOTT LABS	30,000	$995K	1.4%	$33.17 *	$28.66	-8.5%	COM	002824100
CAG	CONAGRA	32,000	$971K	1.3%	$30.34 *	$17.69	-12.0%	COM	205887102
MSFT	MICROSOFT	28,000	$932K	1.3%	$33.29 *	$26.70	+2.6%	COM	594918104
CL	COLGATE PALMOLIVE	15,500	$919K	1.3%	$59.29 *	$44.39	+0.6%	COM	194162103
—	WALGREEN	17,000	$915K	1.2%	$53.82	$45.00	—	COM	931422109
TRN	TRINITY INDUSTRIES	25,000	$907K	1.2%	$36.28 *	$10.24	+12.3%	COM	896522109
—	CHESAPEAKE ENERGY	35,000	$906K	1.2%	$25.89	$21.21	—	COM	165167107
ABBV	ABBVIE	20,000	$900K	1.2%	$45.00 *	$26.55	+3.3%	COM	00287Y109
—	INGERSOLL RAND	14,000	$884K	1.2%	$63.14	$56.14	—	COM	G4776G101
—	EATON	12,700	$838K	1.1%	$65.98	$66.14	—	COM	278058102
FCX	FREEPORT MCMORAN	20,000	$827K	1.1%	$41.35 *	$24.45	+13.8%	COM	35671D857
MDLZ	MONDELEZ	25,000	$786K	1.1%	$31.44 *	$23.49	+2.7%	COM	609207105
CSCO	CISCO	32,000	$749K	1.0%	$23.41 *	$15.34	+4.2%	COM	17275R102
WY	WEYERHAUSER	23,000	$658K	0.9%	$28.61 *	$18.73	-4.3%	COM	962166104
CSX	CSX	24,500	$631K	0.9%	$25.76 *	$6.66	+5.7%	COM	126408103
VEOEY	VEOLIA	31,000	$531K	0.7%	$17.13	$12.75	+34.2%	COM	92334N103
—	CITIGROUP	10,000	$485K	0.7%	$48.50	$48.67	—	COM	172967101
—	POTASH	15,000	$469K	0.6%	$31.27	$31.27	—	COM	73755L107
L	LOEWS	10,000	$467K	0.6%	$46.70 *	$43.25	+1.7%	COM	540424108
EWA	I SHARES AUSTRALIA	17,500	$442K	0.6%	$25.26	$25.80	-2.1%	COM	464286103
—	NOBLE CORP	10,000	$378K	0.5%	$37.80	$37.59	—	COM	h5833n103
BK	BANK OF NEW YORK MELLON	12,300	$371K	0.5%	$30.16 *	$22.78	-1.4%	COM	064058100
ATI	ALLEGHENY	11,250	$343K	0.5%	$30.49 *	$26.04	+9.4%	COM	01741R102
ABBNY	ABB	12,500	$285K	0.4%	$22.80	$21.63	+4.7%	COM	000375204