Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ProLogis Inc	472,200	$17.76M	6.4%	$37.62	$37.72	—	COM	74340w103
PG	Procter & Gamble	188,557	$14.25M	5.2%	$75.59 *	$55.00	-2.8%	COM	742718109
—	Merck & Co.	293,716	$13.98M	5.1%	$47.61	$46.80	—	COM	58933y105
—	Google Inc. A	15,384	$13.47M	4.9%	$875.91	$879.67	—	COM	38259p508
WFC	Wells Fargo & Co.	305,830	$12.64M	4.6%	$41.32 *	$27.36	+7.1%	COM	949746101
EXPD	Expeditors Int'l	259,501	$11.43M	4.1%	$44.06 *	$32.21	+16.3%	COM	302130109
BK	Bank of NY Mellon	352,155	$10.63M	3.8%	$30.19 *	$21.54	+4.2%	COM	064058100
—	General Electric	427,509	$10.21M	3.7%	$23.89	$23.27	—	COM	369604103
CVX	Chevron Corp	81,206	$9.867M	3.6%	$121.51 *	$71.30	+1.8%	COM	166764100
—	Calpine Corp	473,000	$9.19M	3.3%	$19.43	$20.69	—	COM	131347304
MLM	Martin Marietta Materials	93,200	$9.149M	3.3%	$98.17 *	$92.31	-4.1%	COM	573284106
SCHW	Charles Schwab	405,775	$8.578M	3.1%	$21.14 *	$16.37	+11.7%	COM	808513105
—	Noble Corp.	225,225	$8.507M	3.1%	$37.77	$37.62	—	COM	h5833n103
—	Cisco Systems	295,308	$6.919M	2.5%	$23.43	$24.34	—	COM	17275r102
DKS	Dick's Sporting Goods	126,975	$6.778M	2.5%	$53.38 *	$37.12	+6.7%	COM	253393102
INTC	Intel	257,505	$5.902M	2.1%	$22.92 *	$17.18	-1.7%	COM	458140100
—	Alcoa	711,500	$5.777M	2.1%	$8.12	$7.88	—	COM	013817101
RHI	Robert Half Intl.	147,675	$5.764M	2.1%	$39.03	$34.80	+12.1%	COM	770323103
—	Apache Corp	60,050	$5.113M	1.9%	$85.15	$84.61	—	COM	037411105
—	Progressive Waste Solutions	195,500	$5.03M	1.8%	$25.73	$22.37	—	COM	74339g101
MSFT	Microsoft	150,556	$5.011M	1.8%	$33.28 *	$26.70	+2.6%	COM	594918104
BMY	Bristol-Myers Squibb	101,980	$4.72M	1.7%	$46.28 *	$28.77	+7.1%	COM	110122108
JNJ	Johnson & Johnson	51,562	$4.47M	1.6%	$86.69 *	$59.66	+3.4%	COM	478160104
SYY	Sysco Corp	122,500	$3.899M	1.4%	$31.83 *	$24.40	-6.8%	COM	871829107
WMT	Wal-Mart Stores	51,361	$3.799M	1.4%	$73.97 *	$19.98	-3.0%	COM	931142103
VEU	Vanguard FTSE All-World ex-US	77,102	$3.747M	1.4%	$48.60	$46.82	+3.8%	COM	922042775
AMGN	Amgen Inc.	32,050	$3.587M	1.3%	$111.92 *	$73.34	+8.6%	COM	031162100
—	Exxon Mobil	41,655	$3.584M	1.3%	$86.04	$90.34	—	COM	30231g102
PFE	Pfizer	96,783	$2.78M	1.0%	$28.72 *	$16.46	-0.2%	COM	717081103
IJH	iShares S&P Mid Cap 400	18,621	$2.312M	0.8%	$124.16 *	$23.23	+6.9%	COM	464287507
IJR	iShares S&P Small Cap 600	23,094	$2.305M	0.8%	$99.81 *	$44.33	+12.6%	COM	464287804
AXP	American Express	29,295	$2.212M	0.8%	$75.51 *	$59.62	+6.5%	COM	025816109
LOW	Lowe's Cos.	43,075	$2.051M	0.7%	$47.61 *	$32.16	+18.9%	COM	548661107
—	United Technologies	15,300	$1.65M	0.6%	$107.84	$92.93	—	COM	913017109
—	Dominion Resources	25,859	$1.616M	0.6%	$62.49	$56.83	—	COM	25746u109
KO	Coca Cola	42,233	$1.6M	0.6%	$37.89 *	$27.85	-7.3%	COM	191216100
DHR	Danaher Corp	23,065	$1.599M	0.6%	$69.33 *	$25.01	+12.6%	COM	235851102
—	Du Pont	26,533	$1.554M	0.6%	$58.57	$52.51	—	COM	263534109
DIS	Walt Disney	24,050	$1.551M	0.6%	$64.49 *	$56.12	+2.1%	COM	254687106
USB	U.S. Bancorp	41,558	$1.52M	0.6%	$36.58 *	$22.44	+7.8%	COM	902973304
ALL	Allstate Corp.	29,348	$1.484M	0.5%	$50.57 *	$37.12	+4.8%	COM	020002101
MCD	McDonald's	15,213	$1.464M	0.5%	$96.23 *	$71.80	-2.6%	COM	580135101
BA	Boeing Co.	12,349	$1.451M	0.5%	$117.50 *	$80.37	+24.5%	COM	097023105
—	J.P. Morgan Chase	27,623	$1.428M	0.5%	$51.70	$52.78	—	COM	46625h100
—	Verizon Comm.	30,529	$1.425M	0.5%	$46.68	$50.34	—	COM	92343v104
PEP	Pepsico	16,250	$1.292M	0.5%	$79.51 *	$56.02	-1.5%	COM	713448108
XLY	Cons. Disc. Sector SPDR	18,440	$1.118M	0.4%	$60.63 *	$27.71	+9.4%	COM	81369Y407
CAT	Caterpillar	11,134	$929K	0.3%	$83.44 *	$61.56	-1.1%	COM	149123101
—	Hewlett Packard	42,100	$884K	0.3%	$21.00	$24.80	—	COM	428236103
—	Oracle	26,291	$872K	0.3%	$33.17	$30.72	—	COM	68389x105
XLP	Consumer Staples Sector SPDR	21,625	$861K	0.3%	$39.82	$40.75	-2.3%	COM	81369Y308
—	Covidien Ltd	14,075	$858K	0.3%	$60.96	$62.75	—	COM	G2554F113
HAL	Halliburton	17,275	$832K	0.3%	$48.16 *	$33.38	+15.1%	COM	406216101
—	National Oilwell Varco	10,625	$830K	0.3%	$78.12	$69.29	—	COM	637071101
XLK	Technology Sector SPDR	24,935	$799K	0.3%	$32.04 *	$15.51	+3.3%	COM	81369Y803
IBM	IBM	4,192	$776K	0.3%	$185.11 *	$118.67	-8.3%	COM	459200101
EFA	iShares MSCI EAFE Fund	11,990	$765K	0.3%	$63.80	$60.55	+5.4%	COM	464287465
BRK/B	Berkshire Hathaway B	5,464	$620K	0.2%	$113.47	$110.02	+3.2%	COM	084670702
TEVA	Teva Pharm Inds ADR	15,543	$587K	0.2%	$37.77	$38.94	-3.0%	COM	881624209
—	AT&T Inc.	16,630	$562K	0.2%	$33.79	$35.37	—	COM	00206r102
XLU	Utilities Sector SPDR	14,275	$533K	0.2%	$37.34 *	$19.60	-4.6%	COM	81369Y886
—	Xerox	51,840	$533K	0.2%	$10.28	$9.07	—	COM	984121103
XLB	Materials Sector SPDR	12,565	$528K	0.2%	$42.02 *	$19.78	+6.2%	COM	81369Y100
GIS	General Mills Inc.	10,205	$489K	0.2%	$47.92 *	$32.05	-2.0%	COM	370334104
—	Teradata Corp	8,800	$488K	0.2%	$55.45	$50.48	—	COM	88076w103
VFC	V.F. Corp.	2,435	$485K	0.2%	$199.18 *	$42.71	+9.7%	COM	918204108
ADP	Automatic Data Proc.	6,300	$456K	0.2%	$72.38 *	$45.09	+7.7%	COM	053015103
CHKP	Check Point Software	7,675	$434K	0.2%	$56.55	$48.74	+16.0%	COM	M22465104
VNQ	Vanguard REIT ETF	6,452	$427K	0.2%	$66.18	$72.58	-8.9%	COM	922908553
—	AbbVie	9,300	$416K	0.2%	$44.73	$41.31	—	COM	00287y109
—	PG&E Corporation	9,963	$408K	0.1%	$40.95	$45.77	—	COM	69331c108
AAPL	Apple Inc.	850	$405K	0.1%	$476.47 *	$13.28	+10.7%	COM	037833100
XLF	Financial Sector SPDR	19,480	$388K	0.1%	$19.92 *	$15.52	+4.2%	COM	81369Y605
XLE	Energy Select Sector SPDR	4,550	$377K	0.1%	$82.86 *	$39.80	+4.2%	COM	81369Y506
—	Vanguard Info Tech ETF	4,600	$371K	0.1%	$80.65	$73.91	—	COM	92204a702
VTI	Vanguard Ttl Stk ETF	4,035	$354K	0.1%	$87.73	$83.16	+5.4%	COM	922908769
—	3M Corp	2,800	$334K	0.1%	$119.29	$109.29	—	COM	88579y101
UNP	Union Pacific	2,000	$311K	0.1%	$155.50 *	$57.21	+3.6%	COM	907818108
ABT	Abbott Laboratories	9,300	$309K	0.1%	$33.23 *	$28.85	-9.1%	COM	002824100
—	Chubb	3,048	$272K	0.1%	$89.24	$84.65	—	COM	171232101
—	T. Rowe Price Group	3,600	$259K	0.1%	$71.94	$73.33	—	COM	74144t108
—	iPath DJ-UBS Commodity Index	6,600	$246K	0.1%	$37.27	$36.52	—	COM	06738c778
—	Vodafone Group	6,584	$232K	0.1%	$35.24	$35.24	—	COM	92857w209
BXP	Boston Properties	2,000	$214K	0.1%	$107.00 *	$64.00	-0.3%	COM	101121101
—	Target	3,227	$206K	0.1%	$63.84	$68.86	—	COM	87612e106
RWT	Redwood Trust Inc.	10,000	$197K	0.1%	$19.70	$19.70	—	COM	758075402
BAC	BankAmerica	12,747	$176K	0.1%	$13.81 *	$10.03	+8.4%	COM	060505104