Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CVX	CHEVRON	50,000	$6.211M	6.9%	$71.30	+1.7%	COM	166764100
XOM	EXXON MOBIL	48,000	$4.815M	5.3%	$53.69	+4.2%	COM	30231G102
T	ATT	98,000	$3.449M	3.8%	$11.40	-2.0%	COM	00206R102
—	GENERAL ELECTRIC	120,000	$3.347M	3.7%	$24.03	—	COM	369604103
JNJ	JOHNSON AND JOHNSON	32,000	$2.953M	3.3%	$60.04	+9.5%	COM	478160104
INTC	INTEL	110,000	$2.843M	3.2%	$17.31	+3.5%	COM	458140100
BMY	BRISTOL MYERS	52,000	$2.778M	3.1%	$28.99	+17.8%	COM	110122108
PG	PROCTER AND GAMBLE	33,000	$2.706M	3.0%	$55.28	+5.0%	COM	742718109
AMGN	AMGEN	22,797	$2.633M	2.9%	$73.34	+10.6%	COM	031162100
MMM	3M CORP.	20,000	$2.366M	2.6%	$61.43	+18.3%	COM	88579Y101
AXP	AMERICAN EXPRESS	24,140	$2.163M	2.4%	$59.62	+16.2%	COM	025816109
PFE	PFIZER	70,000	$2.148M	2.4%	$16.54	+6.5%	COM	717081103
COP	CONOCO	30,000	$2.085M	2.3%	$40.71	+18.9%	COM	20825C104
ABBNY	ABB	39,650	$1.967M	2.2%	$41.16	—	COM	000375204
BA	BOEING	14,486	$1.958M	2.2%	$80.37	+38.0%	COM	097023105
—	E.I. DUPONT	27,000	$1.746M	1.9%	$54.85	—	COM	263534109
CAT	CATERPILLAR TRACTOR	18,660	$1.695M	1.9%	$61.55	+1.8%	COM	149123101
KMB	KIMBERLY CLARK	15,000	$1.589M	1.8%	$63.06	+5.2%	COM	494368103
SLB	SCHLUMBERGER	17,000	$1.516M	1.7%	$54.33	+19.7%	COM	806857108
TRN	TRINITY INDUSTRIES	25,000	$1.382M	1.5%	$10.24	+25.1%	COM	896522109
BK	BANK OF NEW YORK MELLON	39,500	$1.364M	1.5%	$23.82	+2.0%	COM	064058100
V	VERIZON	27,000	$1.327M	1.5%	$40.37	+14.7%	COM	92826C839
—	BANK OF AMERICA	85,000	$1.321M	1.5%	$13.04	—	COM	060900115
—	DUKE ENERGY	19,000	$1.313M	1.5%	$67.62	—	COM	26441C105
ABT	ABBOTT LABS	33,700	$1.295M	1.4%	$28.72	+1.8%	COM	002824100
ITW	ILLINOIS TOOL WORKS	15,000	$1.251M	1.4%	$49.85	+19.3%	COM	452308109
CAG	CONAGRA	37,000	$1.246M	1.4%	$17.54	-5.5%	COM	205887102
PEP	PEPSICO	15,000	$1.243M	1.4%	$56.04	+3.1%	COM	713448108
WFC	WELLS FARGO	27,000	$1.228M	1.4%	$27.89	+10.3%	COM	949746101
NSC	NORFOLK AND SOUTHERN	13,000	$1.195M	1.3%	$57.66	+13.9%	COM	655844108
EL	ESTEE LAUDER	15,700	$1.178M	1.3%	$58.22	+6.7%	COM	518439104
—	EMC	47,000	$1.178M	1.3%	$24.05	—	COM	268648102
—	POTASH	35,000	$1.15M	1.3%	$32.18	—	COM	73755L107
CSCO	CISCO	51,300	$1.141M	1.3%	$15.29	-0.6%	COM	17275R102
—	CHESAPEAKE ENERGY	40,000	$1.083M	1.2%	$21.95	—	COM	165167107
MSFT	MICROSOFT	29,000	$1.081M	1.2%	$26.82	+11.9%	COM	594918104
—	TOTAL SA	17,500	$1.07M	1.2%	$48.91	—	COM	89151E109
ABBV	ABBVIE	20,000	$1.06M	1.2%	$26.55	+14.5%	COM	00287Y109
CL	COLGATE PALMOLIVE	15,500	$1.014M	1.1%	$44.39	+9.0%	COM	194162103
COST	COSTCO	10,000	$1.009M	1.1%	$86.56	+9.9%	COM	22160K105
—	JP MORGAN	17,325	$1.004M	1.1%	$57.95	—	COM	466254100
—	WALGREEN	17,000	$983K	1.1%	$45.00	—	COM	931422109
—	EATON	12,700	$965K	1.1%	$66.14	—	COM	278058102
MDLZ	MONDELEZ	25,000	$878K	1.0%	$23.49	+8.6%	COM	609207105
—	ANADARKO	11,000	$870K	1.0%	$86.82	—	COM	032511107
—	INGERSOLL RAND	14,000	$865K	1.0%	$56.14	—	COM	G4776G101
FCX	FREEPORT MCMORAN	22,000	$829K	0.9%	$24.96	+20.4%	COM	35671D857
—	CITIGROUP	15,000	$779K	0.9%	$49.76	—	COM	172967101
WY	WEYERHAUSER	23,000	$723K	0.8%	$18.73	+0.5%	COM	962166104
L	LOEWS	15,000	$719K	0.8%	$43.84	+2.7%	COM	540424108
—	NOBLE CORP	19,500	$712K	0.8%	$37.06	—	COM	h5833n103
CSX	CSX	24,500	$694K	0.8%	$6.66	+10.6%	COM	126408103
—	SPECTRA ENERGY	16,400	$576K	0.6%	$35.12	—	COM	847560109
—	BLACKSTONE GROUP	18,000	$567K	0.6%	$31.50	—	COM	092530108
—	AMERICAN MOVIL	22,400	$527K	0.6%	$23.53	—	COM	02364W105
GIS	GENERAL MILLS	10,000	$500K	0.6%	$32.89	0.0%	COM	370334104
VEOEY	VEOLIA	31,000	$497K	0.6%	$11.62	—	COM	92334N103
EWA	I SHARES AUSTRALIA	17,500	$425K	0.5%	$16.05	—	COM	464286103
CROX	CROCS	23,000	$371K	0.4%	$13.32	0.0%	COM	227046109
—	ZYNGA	81,000	$314K	0.3%	$3.88	—	COM	98986T108
—	NABORS INDUSTRIES	17,500	$295K	0.3%	$16.86	—	COM	G6359F103