Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ProLogis Inc	472,200	$19.4M	5.7%	$37.72	—	COM	74340w103
—	Merck & Co.	283,616	$16.41M	4.8%	$46.80	—	COM	58933y105
WFC	Wells Fargo & Co.	304,468	$16M	4.7%	$27.36	+32.7%	COM	949746101
PG	Procter & Gamble	197,835	$15.55M	4.6%	$55.13	+5.7%	COM	742718109
BK	Bank of NY Mellon	353,818	$13.26M	3.9%	$21.54	+21.1%	COM	064058100
MLM	Martin Marietta Materials	92,200	$12.18M	3.6%	$92.31	+23.7%	COM	573284106
EXPD	Expeditors Int'l	258,501	$11.41M	3.4%	$32.21	+14.7%	COM	302130109
—	General Electric	431,079	$11.33M	3.3%	$23.37	—	COM	369604103
—	Calpine Corp	473,000	$11.26M	3.3%	$20.69	—	COM	131347304
CVX	Chevron Corp	82,219	$10.73M	3.2%	$71.40	+6.3%	COM	166764100
SCHW	Charles Schwab	367,575	$9.899M	2.9%	$16.37	+39.6%	COM	808513105
—	Alcoa	657,500	$9.79M	2.9%	$7.88	—	COM	013817101
—	Apache Corp	91,500	$9.207M	2.7%	$84.04	—	COM	037411105
RHI	Robert Half Intl.	191,025	$9.12M	2.7%	$36.20	+23.7%	COM	770323103
—	Google Cl A	15,477	$9.049M	2.7%	$879.67	—	COM	38259p508
—	Google Cl C	15,477	$8.904M	2.6%	$575.31	—	COM	38259p706
BMY	Bristol-Myers Squibb	181,825	$8.82M	2.6%	$31.31	+7.0%	COM	110122108
INTC	Intel	260,110	$8.037M	2.4%	$17.22	+20.1%	COM	458140100
—	Cisco Systems	296,758	$7.374M	2.2%	$24.34	—	COM	17275r102
—	Noble Corp.	214,883	$7.211M	2.1%	$37.47	—	COM	g65431101
—	Teradata Corp	164,675	$6.62M	2.0%	$44.34	—	COM	88076w103
MSFT	Microsoft	149,906	$6.251M	1.8%	$26.70	+27.2%	COM	594918104
DKS	Dick's Sporting Goods	128,500	$5.983M	1.8%	$37.12	-1.8%	COM	253393102
JNJ	Johnson & Johnson	50,962	$5.332M	1.6%	$59.66	+22.6%	COM	478160104
—	Progressive Waste Solutions	193,500	$4.967M	1.5%	$22.37	—	COM	74339g101
—	Exxon Mobil	45,586	$4.59M	1.4%	$91.28	—	COM	30231g102
VEU	Vanguard FTSE All-World ex-US	87,101	$4.555M	1.3%	$46.13	—	COM	922042775
SYY	Sysco Corp	119,750	$4.485M	1.3%	$24.40	+10.2%	COM	871829107
WMT	Wal-Mart Stores	51,261	$3.848M	1.1%	$19.98	+2.7%	COM	931142103
AMGN	Amgen Inc.	31,050	$3.675M	1.1%	$73.34	+13.7%	COM	031162100
IJH	iShares S&P Mid Cap 400	19,461	$2.784M	0.8%	$116.68	—	COM	464287507
AXP	American Express	28,927	$2.744M	0.8%	$60.19	+26.9%	COM	025816109
IJR	iShares S&P Small Cap 600	23,919	$2.681M	0.8%	$91.24	—	COM	464287804
PFE	Pfizer	85,864	$2.548M	0.8%	$16.46	+6.6%	COM	717081103
DIS	Walt Disney	23,450	$2.011M	0.6%	$56.48	+30.0%	COM	254687106
KO	Coca Cola	46,157	$1.955M	0.6%	$27.86	+0.9%	COM	191216100
LOW	Lowe's Cos.	39,225	$1.882M	0.6%	$32.27	+17.3%	COM	548661107
USB	U.S. Bancorp	41,558	$1.8M	0.5%	$22.44	+24.4%	COM	902973304
—	Dominion Resources	24,909	$1.781M	0.5%	$56.83	—	COM	25746u109
—	Verizon Comm.	35,692	$1.746M	0.5%	$50.07	—	COM	92343v104
—	Du Pont	26,262	$1.719M	0.5%	$52.51	—	COM	263534109
ALL	Allstate Corp.	27,923	$1.64M	0.5%	$37.12	+20.9%	COM	020002101
DHR	Danaher Corp	20,555	$1.618M	0.5%	$25.34	+22.7%	COM	235851102
—	J.P. Morgan Chase	27,692	$1.596M	0.5%	$52.95	—	COM	46625h100
—	United Technologies	12,942	$1.494M	0.4%	$92.93	—	COM	913017109
—	Hewlett Packard	42,967	$1.447M	0.4%	$24.95	—	COM	428236103
PEP	Pepsico	15,821	$1.413M	0.4%	$56.02	+8.8%	COM	713448108
XLK	Technology Sector SPDR	36,360	$1.394M	0.4%	$32.63	—	COM	81369Y803
—	Covidien Ltd	15,386	$1.388M	0.4%	$65.09	—	COM	G2554F113
MCD	McDonald's	13,513	$1.361M	0.4%	$71.80	+4.2%	COM	580135101
XLY	Cons. Disc. Sector SPDR	19,440	$1.297M	0.4%	$56.96	—	COM	81369Y407
HAL	Halliburton	17,375	$1.234M	0.4%	$33.83	+52.2%	COM	406216101
CAT	Caterpillar	11,034	$1.199M	0.4%	$61.56	+26.8%	COM	149123101
—	Oracle	29,026	$1.176M	0.3%	$31.60	—	COM	68389x105
XLF	Financial Sector SPDR	51,080	$1.162M	0.3%	$21.43	—	COM	81369Y605
VTI	Vanguard Ttl Stk ETF	9,814	$999K	0.3%	$90.99	—	COM	922908769
—	National Oilwell Varco	12,061	$993K	0.3%	$70.73	—	COM	637071101
IBM	IBM	5,446	$987K	0.3%	$116.81	-3.9%	COM	459200101
XLP	Consumer Staples Sector SPDR	20,850	$930K	0.3%	$39.86	—	COM	81369Y308
AAPL	Apple Inc.	9,520	$885K	0.3%	$18.18	+2.6%	COM	037833100
—	AT&T Inc.	24,687	$873K	0.3%	$35.36	—	COM	00206r102
TEVA	Teva Pharm Inds ADR	16,109	$844K	0.2%	$39.70	—	COM	881624209
EFA	iShares MSCI EAFE Fund	11,490	$786K	0.2%	$57.94	—	COM	464287465
GIS	General Mills Inc.	14,711	$773K	0.2%	$33.07	+8.2%	COM	370334104
PCAR	PACCAR, Inc.	11,900	$748K	0.2%	$26.61	+3.9%	COM	693718108
BRK/B	Berkshire Hathaway B	5,652	$715K	0.2%	$111.35	+13.7%	COM	084670702
VFC	V.F. Corp.	10,670	$672K	0.2%	$50.39	+15.3%	COM	918204108
UNP	Union Pacific	6,656	$664K	0.2%	$69.50	+7.6%	COM	907818108
—	AbbVie	11,636	$657K	0.2%	$44.91	—	COM	00287y109
—	Xerox	51,290	$638K	0.2%	$9.07	—	COM	984121103
XLB	Materials Sector SPDR	12,490	$620K	0.2%	$38.84	—	COM	81369Y100
XLU	Utilities Sector SPDR	13,725	$607K	0.2%	$37.89	—	COM	81369Y886
—	3M Corp	4,208	$603K	0.2%	$122.28	—	COM	88579y101
XLI	Industrial Sector SPDR	10,750	$581K	0.2%	$52.34	—	COM	81369Y704
CHKP	Check Point Software	8,575	$575K	0.2%	$50.30	+30.7%	COM	M22465104
—	PG&E Corporation	10,533	$506K	0.1%	$45.89	—	COM	69331c108
ADP	Automatic Data Proc.	6,300	$499K	0.1%	$45.09	+17.2%	COM	053015103
ABT	Abbott Laboratories	11,636	$476K	0.1%	$29.47	+6.8%	COM	002824100
VNQ	Vanguard REIT ETF	6,347	$475K	0.1%	$68.76	—	COM	922908553
XLE	Energy Select Sector SPDR	4,435	$444K	0.1%	$79.26	—	COM	81369Y506
—	Vanguard Info Tech ETF	4,200	$407K	0.1%	$73.91	—	COM	92204a702
HD	Home Depot	4,116	$333K	0.1%	$60.11	0.0%	COM	437076102
—	T. Rowe Price Group	3,600	$304K	0.1%	$73.33	—	COM	74144t108
—	iPath DJ-UBS Commodity Index	6,600	$260K	0.1%	$36.52	—	COM	06738c778
—	Chubb	2,748	$253K	0.1%	$84.65	—	COM	171232101
—	Walgreen Co.	3,402	$252K	0.1%	$74.07	—	COM	931422109
SLB	Schlumberger Ltd.	2,024	$239K	0.1%	$74.85	0.0%	COM	806857108
BXP	Boston Properties	2,000	$236K	0.1%	$64.00	+13.9%	COM	101121101
PM	Philip Morris Int'l	2,409	$203K	0.1%	$48.23	0.0%	COM	718172109
XLV	Health Care Sector SPDR	3,300	$201K	0.1%	$60.91	—	COM	81369Y209
RWT	Redwood Trust Inc.	10,000	$195K	0.1%	$19.70	—	COM	758075402