Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	ProLogis Inc	472,200	$19.28M	6.1%	$40.83	$37.72	—	COM	74340w103
—	Google Inc. A	15,384	$17.15M	5.4%	$1114.53	$879.67	—	COM	38259p508
—	Merck & Co.	292,066	$16.58M	5.2%	$56.77	$46.80	—	COM	58933y105
PG	Procter & Gamble	190,826	$15.38M	4.8%	$80.60 *	$55.02	+5.2%	COM	742718109
WFC	Wells Fargo & Co.	303,920	$15.12M	4.8%	$49.74 *	$27.36	+30.7%	COM	949746101
BK	Bank of NY Mellon	352,155	$12.43M	3.9%	$35.29 *	$21.54	+23.0%	COM	064058100
MLM	Martin Marietta Materials	93,200	$11.96M	3.8%	$128.35 *	$92.31	+26.3%	COM	573284106
SCHW	Charles Schwab	406,025	$11.1M	3.5%	$27.33 *	$16.37	+45.2%	COM	808513105
—	General Electric	416,709	$10.79M	3.4%	$25.89	$23.27	—	COM	369604103
EXPD	Expeditors Int'l	259,501	$10.28M	3.2%	$39.63 *	$32.21	+5.4%	COM	302130109
—	Calpine Corp	473,000	$9.89M	3.1%	$20.91	$20.69	—	COM	131347304
CVX	Chevron Corp	80,338	$9.553M	3.0%	$118.91 *	$71.30	+1.3%	COM	166764100
—	Alcoa	681,500	$8.771M	2.8%	$12.87	$7.88	—	COM	013817101
RHI	Robert Half Intl.	190,725	$8.001M	2.5%	$41.95	$36.20	+15.9%	COM	770323103
—	Apache Corp	91,500	$7.59M	2.4%	$82.95	$84.04	—	COM	037411105
—	Noble Corp.	219,783	$7.196M	2.3%	$32.74	$37.47	—	COM	g65431101
BMY	Bristol-Myers Squibb	136,680	$7.101M	2.2%	$51.95 *	$30.59	+14.7%	COM	110122108
DKS	Dick's Sporting Goods	127,600	$6.968M	2.2%	$54.61 *	$37.12	+9.7%	COM	253393102
—	Cisco Systems	296,308	$6.642M	2.1%	$22.42	$24.34	—	COM	17275r102
INTC	Intel	257,188	$6.639M	2.1%	$25.81 *	$17.18	+12.8%	COM	458140100
MSFT	Microsoft	150,106	$6.153M	1.9%	$40.99 *	$26.70	+28.3%	COM	594918104
—	Teradata Corp	120,650	$5.935M	1.9%	$49.19	$45.85	—	COM	88076w103
JNJ	Johnson & Johnson	51,062	$5.016M	1.6%	$98.23 *	$59.66	+18.8%	COM	478160104
—	Progressive Waste Solutions	195,500	$4.948M	1.6%	$25.31	$22.37	—	COM	74339g101
SYY	Sysco Corp	122,500	$4.426M	1.4%	$36.13 *	$24.40	+7.6%	COM	871829107
VEU	Vanguard FTSE All-World ex-US	83,336	$4.193M	1.3%	$50.31	$47.03	+7.0%	COM	922042775
—	Exxon Mobil	41,436	$4.047M	1.3%	$97.67	$90.34	—	COM	30231g102
AMGN	Amgen Inc.	32,050	$3.953M	1.2%	$123.34 *	$73.34	+20.8%	COM	031162100
WMT	Wal-Mart Stores	51,261	$3.918M	1.2%	$76.43 *	$19.98	+1.5%	COM	931142103
PFE	Pfizer	85,864	$2.758M	0.9%	$32.12 *	$16.46	+13.4%	COM	717081103
IJH	iShares S&P Mid Cap 400	19,021	$2.615M	0.8%	$137.48 *	$23.29	+18.0%	COM	464287507
IJR	iShares S&P Small Cap 600	23,359	$2.573M	0.8%	$110.15 *	$44.47	+23.8%	COM	464287804
AXP	American Express	27,945	$2.516M	0.8%	$90.03 *	$59.62	+27.7%	COM	025816109
LOW	Lowe's Cos.	38,475	$1.881M	0.6%	$48.89 *	$32.16	+23.0%	COM	548661107
DIS	Walt Disney	23,050	$1.846M	0.6%	$80.09 *	$56.18	+28.1%	COM	254687106
—	Dominion Resources	25,209	$1.79M	0.6%	$71.01	$56.83	—	COM	25746u109
USB	U.S. Bancorp	41,558	$1.781M	0.6%	$42.86 *	$22.44	+27.7%	COM	902973304
—	Du Pont	26,162	$1.755M	0.6%	$67.08	$52.51	—	COM	263534109
—	J.P. Morgan Chase	27,149	$1.648M	0.5%	$60.70	$52.86	—	COM	46625h100
KO	Coca Cola	42,483	$1.642M	0.5%	$38.65 *	$27.84	-3.9%	COM	191216100
ALL	Allstate Corp.	27,823	$1.574M	0.5%	$56.57 *	$37.12	+18.4%	COM	020002101
—	United Technologies	13,192	$1.541M	0.5%	$116.81	$92.93	—	COM	913017109
—	Verizon Comm.	31,288	$1.488M	0.5%	$47.56	$50.24	—	COM	92343v104
DHR	Danaher Corp	19,433	$1.457M	0.5%	$74.98 *	$25.01	+22.0%	COM	235851102
—	Hewlett Packard	42,967	$1.39M	0.4%	$32.35	$24.95	—	COM	428236103
MCD	McDonald's	13,513	$1.325M	0.4%	$98.05 *	$71.80	+0.9%	COM	580135101
PEP	Pepsico	15,821	$1.321M	0.4%	$83.50 *	$56.02	+4.9%	COM	713448108
XLY	Cons. Disc. Sector SPDR	19,265	$1.247M	0.4%	$64.73 *	$27.91	+15.9%	COM	81369Y407
XLK	Technology Sector SPDR	33,885	$1.232M	0.4%	$36.36 *	$15.94	+14.0%	COM	81369Y803
—	Oracle	26,979	$1.104M	0.3%	$40.92	$30.93	—	COM	68389x105
CAT	Caterpillar	11,034	$1.096M	0.3%	$99.33 *	$61.56	+19.4%	COM	149123101
—	Covidien Ltd	14,118	$1.04M	0.3%	$73.66	$62.83	—	COM	G2554F113
HAL	Halliburton	17,175	$1.011M	0.3%	$58.86 *	$33.62	+40.6%	COM	406216101
VTI	Vanguard Ttl Stk ETF	9,724	$948K	0.3%	$97.49	$89.38	+9.0%	COM	922908769
XLP	Consumer Staples Sector SPDR	20,675	$890K	0.3%	$43.05	$40.77	+5.6%	COM	81369Y308
—	National Oilwell Varco	11,117	$866K	0.3%	$77.90	$69.74	—	COM	637071101
TEVA	Teva Pharm Inds ADR	15,509	$819K	0.3%	$52.81	$38.95	+35.6%	COM	881624209
PCAR	PACCAR, Inc.	11,500	$776K	0.2%	$67.48 *	$26.58	+9.3%	COM	693718108
EFA	iShares MSCI EAFE Fund	11,490	$772K	0.2%	$67.19	$60.55	+11.0%	COM	464287465
IBM	IBM	3,859	$743K	0.2%	$192.54 *	$118.67	-3.6%	COM	459200101
BRK/B	Berkshire Hathaway B	5,197	$649K	0.2%	$124.88	$110.02	+13.6%	COM	084670702
VFC	V.F. Corp.	9,920	$614K	0.2%	$61.90 *	$49.80	+17.0%	COM	918204108
—	Xerox	51,840	$586K	0.2%	$11.30	$9.07	—	COM	984121103
—	AT&T Inc.	16,430	$576K	0.2%	$35.06	$35.37	—	COM	00206r102
XLB	Materials Sector SPDR	12,090	$572K	0.2%	$47.31 *	$19.81	+19.3%	COM	81369Y100
GIS	General Mills Inc.	10,855	$563K	0.2%	$51.87 *	$32.11	+7.5%	COM	370334104
XLU	Utilities Sector SPDR	13,250	$549K	0.2%	$41.43 *	$19.60	+5.8%	COM	81369Y886
CHKP	Check Point Software	8,025	$543K	0.2%	$67.66	$49.24	+37.3%	COM	M22465104
XLI	Industrial Sector SPDR	10,300	$539K	0.2%	$52.33	$49.15	+6.5%	COM	81369Y704
XLF	Financial Sector SPDR	22,530	$503K	0.2%	$22.33 *	$15.72	+15.4%	COM	81369Y605
ADP	Automatic Data Proc.	6,300	$487K	0.2%	$77.30 *	$45.09	+16.4%	COM	053015103
—	AbbVie	8,866	$456K	0.1%	$51.43	$41.31	—	COM	00287y109
AAPL	Apple Inc.	840	$451K	0.1%	$536.90 *	$13.28	+26.1%	COM	037833100
VNQ	Vanguard REIT ETF	6,347	$448K	0.1%	$70.58	$72.58	-2.7%	COM	922908553
—	PG&E Corporation	9,963	$430K	0.1%	$43.16	$45.77	—	COM	69331c108
XLE	Energy Select Sector SPDR	4,435	$395K	0.1%	$89.06 *	$39.96	+11.4%	COM	81369Y506
—	Vanguard Info Tech ETF	4,200	$384K	0.1%	$91.43	$73.91	—	COM	92204a702
UNP	Union Pacific	2,000	$375K	0.1%	$187.50 *	$57.21	+26.4%	COM	907818108
—	3M Corp	2,600	$353K	0.1%	$135.77	$109.29	—	COM	88579y101
ABT	Abbott Laboratories	8,866	$341K	0.1%	$38.46 *	$28.85	+6.5%	COM	002824100
—	T. Rowe Price Group	3,600	$296K	0.1%	$82.22	$73.33	—	COM	74144t108
—	iPath DJ-UBS Commodity Index	6,600	$260K	0.1%	$39.39	$36.52	—	COM	06738c778
—	Chubb	2,748	$245K	0.1%	$89.16	$84.65	—	COM	171232101
—	Beam Inc.	2,893	$241K	0.1%	$83.30	$83.30	—	COM	073730103
BXP	Boston Properties	2,000	$229K	0.1%	$114.50 *	$64.00	+10.5%	COM	101121101
RWT	Redwood Trust Inc.	10,000	$203K	0.1%	$20.30	$19.70	—	COM	758075402