Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ProLogis Inc	472,200	$17.81M	7.3%	$37.72	$37.72	—	COM	74340w103
PG	Procter & Gamble	188,527	$14.52M	6.0%	$76.99 *	$55.00	-1.7%	COM	742718109
WFC	Wells Fargo & Co.	306,830	$12.66M	5.2%	$41.27 *	$27.36	+6.2%	COM	949746101
—	Google Inc. A	12,885	$11.34M	4.7%	$880.40	$880.40	—	COM	38259p508
CVX	Chevron Corp	81,056	$9.592M	3.9%	$118.34 *	$71.30	-1.7%	COM	166764100
—	Merck & Co.	205,321	$9.537M	3.9%	$46.45	$46.45	—	COM	58933y105
—	General Electric	377,609	$8.757M	3.6%	$23.19	$23.19	—	COM	369604103
EXPD	Expeditors Int'l	221,701	$8.434M	3.5%	$38.04 *	$31.69	+2.1%	COM	302130109
BK	Bank of NY Mellon	280,955	$7.881M	3.2%	$28.05 *	$21.22	-2.2%	COM	064058100
MLM	Martin Marietta Materials	75,500	$7.431M	3.1%	$98.42 *	$93.00	-5.0%	COM	573284106
SCHW	Charles Schwab	342,350	$7.268M	3.0%	$21.23 *	$15.92	+15.1%	COM	808513105
—	Cisco Systems	294,308	$7.162M	2.9%	$24.34	$24.34	—	COM	17275r102
—	Calpine Corp	332,000	$7.048M	2.9%	$21.23	$21.23	—	COM	131347304
—	Noble Corp.	180,475	$6.782M	2.8%	$37.58	$37.58	—	COM	h5833n103
INTC	Intel	262,705	$6.365M	2.6%	$24.23 *	$17.18	+2.9%	COM	458140100
MSFT	Microsoft	166,472	$5.751M	2.4%	$34.55 *	$26.70	+5.8%	COM	594918104
—	Alcoa	576,500	$4.508M	1.9%	$7.82	$7.82	—	COM	013817101
JNJ	Johnson & Johnson	51,062	$4.384M	1.8%	$85.86 *	$59.66	+1.6%	COM	478160104
WMT	Wal-Mart Stores	58,811	$4.381M	1.8%	$74.49 *	$19.98	-2.9%	COM	931142103
AMGN	Amgen Inc.	43,050	$4.247M	1.7%	$98.65 *	$73.34	-4.7%	COM	031162100
SYY	Sysco Corp	123,950	$4.234M	1.7%	$34.16 *	$24.40	-0.8%	COM	871829107
RHI	Robert Half Intl.	125,425	$4.168M	1.7%	$33.23	$34.44	-3.5%	COM	770323103
DKS	Dick's Sporting Goods	77,700	$3.89M	1.6%	$50.06 *	$36.98	+0.2%	COM	253393102
—	Exxon Mobil	41,355	$3.736M	1.5%	$90.34	$90.34	—	COM	30231g102
BMY	Bristol-Myers Squibb	82,480	$3.686M	1.5%	$44.69 *	$28.67	+3.0%	COM	110122108
—	Progressive Waste Solutions	155,500	$3.345M	1.4%	$21.51	$21.51	—	COM	74339g101
PFE	Pfizer	106,467	$2.982M	1.2%	$28.01 *	$16.46	-3.5%	COM	717081103
VEU	Vanguard FTSE All-World ex-US	55,047	$2.434M	1.0%	$44.22	$46.78	-5.5%	COM	922042775
AXP	American Express	31,295	$2.34M	1.0%	$74.77 *	$59.62	+5.1%	COM	025816109
IJH	iShares S&P Mid Cap 400	18,376	$2.122M	0.9%	$115.48 *	$23.21	-0.5%	COM	464287507
IJR	iShares S&P Small Cap 600	22,814	$2.06M	0.8%	$90.30 *	$44.28	+2.0%	COM	464287804
—	Apache Corp	24,500	$2.054M	0.8%	$83.84	$83.84	—	COM	037411105
LOW	Lowe's Cos.	44,175	$1.807M	0.7%	$40.91 *	$32.16	+1.7%	COM	548661107
KO	Coca Cola	41,908	$1.681M	0.7%	$40.11 *	$27.85	-2.6%	COM	191216100
—	Verizon Comm.	30,454	$1.533M	0.6%	$50.34	$50.34	—	COM	92343v104
MCD	McDonald's	15,213	$1.506M	0.6%	$98.99 *	$71.80	-0.6%	COM	580135101
—	Dominion Resources	26,359	$1.498M	0.6%	$56.83	$56.83	—	COM	25746u109
DIS	Walt Disney	23,625	$1.492M	0.6%	$63.15 *	$56.11	-0.0%	COM	254687106
USB	U.S. Bancorp	41,058	$1.484M	0.6%	$36.14 *	$22.41	+6.0%	COM	902973304
DHR	Danaher Corp	23,329	$1.477M	0.6%	$63.31 *	$25.01	+2.8%	COM	235851102
—	United Technologies	15,775	$1.466M	0.6%	$92.93	$92.93	—	COM	913017109
—	J.P. Morgan Chase	27,698	$1.462M	0.6%	$52.78	$52.78	—	COM	46625h100
ALL	Allstate Corp.	29,623	$1.425M	0.6%	$48.10 *	$37.12	-0.8%	COM	020002101
—	Du Pont	26,583	$1.396M	0.6%	$52.51	$52.51	—	COM	263534109
BA	Boeing Co.	12,874	$1.319M	0.5%	$102.45 *	$80.37	+8.0%	COM	097023105
PEP	Pepsico	15,850	$1.296M	0.5%	$81.77 *	$56.00	+0.7%	COM	713448108
—	Hewlett Packard	42,100	$1.044M	0.4%	$24.80	$24.80	—	COM	428236103
XLY	Cons. Disc. Sector SPDR	18,090	$1.02M	0.4%	$56.38 *	$27.68	+1.9%	COM	81369Y407
CAT	Caterpillar	10,834	$894K	0.4%	$82.52 *	$61.55	-2.9%	COM	149123101
—	Oracle	28,941	$889K	0.4%	$30.72	$30.72	—	COM	68389x105
—	Covidien Ltd	13,300	$836K	0.3%	$62.86	$62.86	—	COM	G2554F113
IBM	IBM	4,042	$772K	0.3%	$190.99 *	$118.94	-6.0%	COM	459200101
XLK	Technology Sector SPDR	23,205	$710K	0.3%	$30.60 *	$15.47	-1.2%	COM	81369Y803
—	National Oilwell Varco	10,200	$703K	0.3%	$68.92	$68.92	—	COM	637071101
HAL	Halliburton	16,575	$692K	0.3%	$41.75 *	$33.21	+0.0%	COM	406216101
BRK/B	Berkshire Hathaway B	5,514	$617K	0.3%	$111.90	$110.02	+1.7%	COM	084670702
EFA	iShares MSCI EAFE Fund	10,740	$615K	0.3%	$57.26	$60.47	-5.2%	COM	464287465
TEVA	Teva Pharm Inds ADR	15,143	$594K	0.2%	$39.23	$38.94	+0.7%	COM	881624209
—	AT&T Inc.	16,330	$578K	0.2%	$35.39	$35.39	—	COM	00206r102
XLU	Utilities Sector SPDR	14,550	$548K	0.2%	$37.66 *	$19.60	-4.0%	COM	81369Y886
XLF	Financial Sector SPDR	26,650	$518K	0.2%	$19.44 *	$15.52	+1.8%	COM	81369Y605
XLB	Materials Sector SPDR	12,390	$475K	0.2%	$38.34 *	$19.77	-3.0%	COM	81369Y100
—	Xerox	51,840	$470K	0.2%	$9.07	$9.07	—	COM	984121103
—	PG&E Corporation	9,963	$456K	0.2%	$45.77	$45.77	—	COM	69331c108
GIS	General Mills Inc.	9,405	$456K	0.2%	$48.48 *	$31.98	-1.3%	COM	370334104
VNQ	Vanguard REIT ETF	6,352	$437K	0.2%	$68.80	$72.65	-5.4%	COM	922908553
VFC	V.F. Corp.	2,265	$437K	0.2%	$192.94 *	$42.45	+7.1%	COM	918204108
ADP	Automatic Data Proc.	6,300	$434K	0.2%	$68.89 *	$45.09	+1.8%	COM	053015103
—	Teradata Corp	8,400	$422K	0.2%	$50.24	$50.24	—	COM	88076w103
—	AbbVie	9,950	$411K	0.2%	$41.31	$41.31	—	COM	00287y109
ABT	Abbott Laboratories	10,450	$364K	0.1%	$34.83 *	$28.85	-4.9%	COM	002824100
CHKP	Check Point Software	7,075	$351K	0.1%	$49.61	$48.11	+3.3%	COM	M22465104
—	Vanguard Info Tech ETF	4,600	$340K	0.1%	$73.91	$73.91	—	COM	92204a702
VTI	Vanguard Ttl Stk ETF	3,835	$317K	0.1%	$82.66	$82.97	-0.4%	COM	922908769
XLE	Energy Select Sector SPDR	4,050	$317K	0.1%	$78.27 *	$39.63	-1.2%	COM	81369Y506
—	3M Corp	2,800	$306K	0.1%	$109.29	$109.29	—	COM	88579y101
AAPL	Apple Inc.	755	$299K	0.1%	$396.03 *	$13.16	-7.7%	COM	037833100
UNP	Union Pacific	1,900	$293K	0.1%	$154.21 *	$57.06	+2.7%	COM	907818108
—	T. Rowe Price Group	3,600	$264K	0.1%	$73.33	$73.33	—	COM	74144t108
—	Chubb	3,048	$258K	0.1%	$84.65	$84.65	—	COM	171232101
—	iPath DJ-UBS Commodity Index	6,600	$241K	0.1%	$36.52	$36.52	—	COM	06738c778
—	Target	3,427	$236K	0.1%	$68.86	$68.86	—	COM	87612e106
BXP	Boston Properties	2,000	$211K	0.1%	$105.50 *	$64.00	-2.3%	COM	101121101
SJM	Smucker (J.M.)	2,027	$209K	0.1%	$103.11 *	$70.84	+1.6%	COM	832696405
BAC	BankAmerica	12,747	$164K	0.1%	$12.87 *	$10.03	+0.9%	COM	060505104