Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCO CORP	3,076,126	$113M	45.9%	$36.76	$37.37	—	COM	871829107
XOM	EXXON MOBIL CORP	132,295	$10.14M	4.1%	$76.63	$59.00	—	COM	30231G102
—	ALLTEL CORP	161,259	$9.753M	4.0%	$60.48	$60.36	—	COM	020039103
WFC	WELLS FARGO CO NEW	184,557	$6.563M	2.7%	$35.56	$40.52	—	COM	949746101
CVX	CHEVRON CORP NEW	70,882	$5.212M	2.1%	$73.53	$68.93	—	COM	166764100
USB	US BANCORP DEL	136,901	$4.954M	2.0%	$36.19	$25.59	—	COM NEW	902973304
—	BERKSHIRE HATHAWAY INC DEL	1,223	$4.484M	1.8%	$3666.00	$2560.27	—	CL B	084670207
—	GENERAL ELECTRIC CO	119,420	$4.444M	1.8%	$37.21	$40.99	—	COM	369604103
PFE	PFIZER INC	138,860	$3.596M	1.5%	$25.90	$31.16	—	COM	717081103
MSFT	MICROSOFT CORP	113,815	$3.399M	1.4%	$29.86	$34.87	—	COM	594918104
HD	HOME DEPOT INC	80,751	$3.243M	1.3%	$40.16	$40.00	—	COM	437076102
DIS	DISNEY WALT CO	87,412	$2.996M	1.2%	$34.27	$23.95	—	COM DISNEY	254687106
CAH	CARDINAL HEALTH INC	43,525	$2.804M	1.1%	$64.43	$54.01	—	COM	14149Y108
—	MARATHON OIL CORP	30,200	$2.793M	1.1%	$92.50	$31.91	—	COM	565849106
CL	COLGATE PALMOLIVE CO	41,775	$2.725M	1.1%	$65.24	$46.95	—	COM	194162103
JNJ	JOHNSON & JOHNSON	40,139	$2.65M	1.1%	$66.02	$57.03	—	COM	478160104
AMAT	APPLIED MATLS INC	136,300	$2.515M	1.0%	$18.45	$23.58	—	COM	038222105
—	INGERSOLL-RAND COMPANY LTD	62,650	$2.451M	1.0%	$39.13	$44.18	—	CL A	G4776G101
—	AMERICAN INTL GROUP INC	34,158	$2.448M	1.0%	$71.66	$67.99	—	COM	026874107
PAYX	PAYCHEX INC	61,250	$2.422M	1.0%	$39.54	$32.08	—	COM	704326107
NWL	NEWELL BRANDS INC	83,200	$2.409M	1.0%	$28.95	$21.39	—	COM	651229106
—	WINDSTREAM CORP	158,125	$2.249M	0.9%	$14.22	$13.19	—	COM	97381W104
—	VARIAN MED SYS INC	47,125	$2.242M	0.9%	$47.57	$38.57	—	COM	92220P105
—	GANNETT INC	36,600	$2.213M	0.9%	$60.46	$68.16	—	COM	364730101
—	WASHINGTON MUT INC	47,675	$2.169M	0.9%	$45.49	$37.94	—	COM	939322103
CSCO	CISCO SYS INC	79,165	$2.164M	0.9%	$27.33	$26.93	—	COM	17275R102
INTC	INTEL CORP	106,715	$2.161M	0.9%	$20.25	$42.37	—	COM	458140100
WMT	WALMART INC	40,672	$1.878M	0.8%	$46.18	$47.69	—	COM	931142103
CAG	CONAGRA BRANDS INC	65,568	$1.77M	0.7%	$27.00	$24.25	—	COM	205887102
—	MOTOROLA INC	84,826	$1.744M	0.7%	$20.56	$16.59	—	COM	620076109
CLX	CLOROX CO DEL	26,025	$1.67M	0.7%	$64.15	$49.02	—	COM	189054109
—	FIRST DATA CORP	63,675	$1.625M	0.7%	$25.52	$42.45	—	COM	319963104
—	EF JOHNSON TECHNOLOGIES INC	239,100	$1.614M	0.7%	$6.75	$6.82	—	COM	26843B101
WU	WESTERN UN CO	64,675	$1.45M	0.6%	$22.42	$22.42	—	COM	959802109
WDFC	WD-40 CO	40,215	$1.402M	0.6%	$34.87	$28.47	—	COM	929236107
JPM	JPMORGAN CHASE & CO	27,243	$1.316M	0.5%	$48.30	$42.70	—	COM	46625H100
—	MEDTRONIC INC	24,155	$1.293M	0.5%	$53.51	$53.51	—	COM	585055106
—	SAFECO CORP	19,750	$1.235M	0.5%	$62.55	$46.85	—	COM	786429100
BSX	BOSTON SCIENTIFIC CORP	68,725	$1.181M	0.5%	$17.18	$24.01	—	COM	101137107
HON	HONEYWELL INTL INC	25,560	$1.156M	0.5%	$45.24	$32.70	—	COM	438516106
SLB	SCHLUMBERGER LTD	16,825	$1.063M	0.4%	$63.16	$56.37	—	COM	806857108
BDX	BECTON DICKINSON & CO	13,675	$959K	0.4%	$70.15	$45.11	—	COM	075887109
IBM	INTERNATIONAL BUSINESS MACHS	9,200	$894K	0.4%	$97.15	$87.06	—	COM	459200101
—	STEWART ENTERPRISES INC	129,062	$807K	0.3%	$6.25	$4.03	—	CL A	860370105
TXN	TEXAS INSTRS INC	27,744	$799K	0.3%	$28.80	$26.43	—	COM	882508104
TRN	TRINITY INDS INC	20,750	$730K	0.3%	$35.20	$28.25	—	COM	896522109
ZION	ZIONS BANCORPORATION N A	7,993	$659K	0.3%	$82.44	$46.47	—	COM	989701107
—	DU PONT E I DE NEMOURS & CO	12,140	$591K	0.2%	$48.71	$48.71	—	COM	263534109
—	ST PAUL TRAVELERS INC	10,300	$553K	0.2%	$53.69	$53.69	—	COM	792860108
—	MERCK & CO INC	11,506	$502K	0.2%	$43.60	$64.43	—	COM	589331107
IDA	IDACORP INC	12,850	$497K	0.2%	$38.65	$26.03	—	COM	451107106
ORCL	ORACLE CORP	28,796	$494K	0.2%	$17.14	$28.79	—	COM	68389X105
COP	CONOCOPHILLIPS	6,783	$488K	0.2%	$71.95	$69.98	—	COM	20825C104
—	CA INC COM	20,450	$463K	0.2%	$22.65	$27.21	—	COM	12673P105
APD	AIR PRODS & CHEMS INC	6,400	$450K	0.2%	$70.28	$38.28	—	COM	009158106
—	DELL INC	17,047	$428K	0.2%	$25.09	$26.90	—	COM	24702R101
—	WALGREEN CO	9,304	$427K	0.2%	$45.89	$33.56	—	COM	931422109
BMY	BRISTOL-MYERS SQUIBB CO	15,782	$415K	0.2%	$26.32	$48.64	—	COM	110122108
PSA	PUBLIC STORAGE	4,241	$413K	0.2%	$97.50	$85.99	—	COM	74460D109
PFG	PRINCIPAL FINL GROUP INC	6,624	$389K	0.2%	$58.70	$30.16	—	COM	74251V102
—	HEWLETT PACKARD CO	9,297	$383K	0.2%	$41.19	$28.78	—	COM	428236103
RF	REGIONS FINANCIAL CORP NEW	10,091	$377K	0.2%	$37.40	$33.23	—	COM	7591EP100
—	PLUM CREEK TIMBER CO INC	9,411	$375K	0.2%	$39.85	$35.05	—	COM	729251108
UNP	UNION PAC CORP	4,072	$375K	0.2%	$92.02	$56.47	—	COM	907818108
KO	COCA COLA CO	7,483	$361K	0.1%	$48.25	$49.94	—	COM	191216100
SPY	SPDR S&P 500 ETF TR	2,545	$360K	0.1%	$141.62	$128.11	—	TR UNIT	78462F103
—	SAFEWAY INC	10,300	$356K	0.1%	$34.56	$34.40	—	COM	786514208
—	ROYAL DUTCH SHELL PLC	4,984	$353K	0.1%	$70.79	$64.81	—	SPONS ADR A	780259206
BP	BP PLC	4,670	$313K	0.1%	$67.10	$68.74	—	SPONSORED ADR	055622104
—	UNITED DOMINION REALTY TR IN	9,500	$302K	0.1%	$31.79	$11.00	—	COM	910197102
EQR	EQUITY RESIDENTIAL	5,888	$299K	0.1%	$50.75	$38.82	—	SH BEN INT	29476L107
LLY	LILLY ELI & CO	5,409	$282K	0.1%	$52.10	$53.32	—	COM	532457108
SHW	SHERWIN WILLIAMS CO	4,200	$267K	0.1%	$63.58	$55.78	—	COM	824348106
—	MFS CHARTER INCOME TR	29,600	$253K	0.1%	$8.56	$8.62	—	SH BEN INT	552727109
VZ	VERIZON COMMUNICATIONS INC	6,751	$251K	0.1%	$37.24	$37.14	—	COM	92343V104
—	HYPERION TOTAL RETURN & INCO	27,100	$249K	0.1%	$9.19	$8.47	—	COM	449145101
—	MERRILL LYNCH & CO INC	2,500	$233K	0.1%	$93.10	$93.10	—	COM	590188108
—	KINDER MORGAN INC KANS	2,181	$231K	0.1%	$105.75	$91.99	—	COM	49455P101
—	SCHERING PLOUGH CORP	8,625	$204K	0.1%	$23.64	$23.64	—	COM	806605101
—	AMERICAN STRATEGIC INCOME II	14,670	$180K	0.1%	$12.30	$10.56	—	COM	03009T101
—	VOLTERRA SEMICONDUCTOR CORP	10,168	$153K	0.1%	$15.00	$13.50	—	COM	928708106
—	DREYFUS MUN INCOME INC COM	15,883	$147K	0.1%	$9.23	$7.56	—	COM	26201R102
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$138K	0.1%	$13.81	$14.75	—	COM	67061W104
—	BLACKROCK INCOME TR INC	20,900	$127K	0.1%	$6.07	$6.50	—	COM	09247F100
—	WESTERN ASSET MGD HI INCM FD	18,450	$125K	0.1%	$6.75	$6.75	—	COM	95766L107
—	MORGAN STANLEY HIGH YIELD FD	17,600	$105K	0.0%	$5.96	$11.56	—	COM	61744M104
—	CREDIT SUISSE ASSET MGMT INC	22,489	$98,502	0.0%	$4.38	$5.84	—	COM	224916106
—	LEVEL 3 COMMUNICATIONS INC	10,450	$58,520	0.0%	$5.60	$59.63	—	COM	52729N100