Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	3,111,976	$95.1M	45.3%	$31.37	—	COM	871829107
—	ALLTEL CORP	164,044	$10.47M	5.0%	$65.11	—	COM	020039103
XOM	EXXON MOBIL CORP	126,215	$7.743M	3.7%	$63.54	—	COM	30231G102
WFC	WELLS FARGO CO NEW	90,626	$6.079M	2.9%	$58.57	—	COM	949746101
USB	US BANCORP DEL	141,814	$4.379M	2.1%	$28.17	—	COM NEW	902973304
CVX	CHEVRON CORP NEW	69,706	$4.326M	2.1%	$64.73	—	COM	166764100
—	BERKSHIRE HATHAWAY INC DEL	1,274	$3.877M	1.8%	$2735.48	—	CL B	084670207
—	GENERAL ELECTRIC CO	106,553	$3.512M	1.7%	$33.90	—	COM	369604103
HD	HOME DEPOT INC	83,101	$2.974M	1.4%	$38.38	—	COM	437076102
—	FIRST DATA CORP	64,475	$2.904M	1.4%	$40.65	—	COM	319963104
CAH	CARDINAL HEALTH INC	45,025	$2.896M	1.4%	$63.46	—	COM	14149Y108
—	INGERSOLL-RAND COMPANY LTD	66,700	$2.853M	1.4%	$39.51	—	CL A	G4776G101
PFE	PFIZER INC	119,510	$2.805M	1.3%	$24.97	—	COM	717081103
DIS	DISNEY WALT CO	90,012	$2.7M	1.3%	$24.97	—	COM DISNEY	254687106
MSFT	MICROSOFT CORP	113,665	$2.648M	1.3%	$25.73	—	COM	594918104
—	MARATHON OIL CORP	30,800	$2.566M	1.2%	$68.93	—	COM	565849106
CL	COLGATE PALMOLIVE CO	42,675	$2.556M	1.2%	$52.89	—	COM	194162103
PAYX	PAYCHEX INC	63,900	$2.491M	1.2%	$37.09	—	COM	704326107
JNJ	JOHNSON & JOHNSON	41,389	$2.48M	1.2%	$62.48	—	COM	478160104
—	GANNETT INC	40,775	$2.281M	1.1%	$66.88	—	COM	364730101
AMAT	APPLIED MATLS INC	140,000	$2.279M	1.1%	$16.95	—	COM	038222105
—	WASHINGTON MUT INC	49,475	$2.255M	1.1%	$39.22	—	COM	939322103
NWL	NEWELL BRANDS INC	86,250	$2.228M	1.1%	$22.70	—	COM	651229106
—	VARIAN MED SYS INC	42,975	$2.035M	1.0%	$39.51	—	COM	92220P105
—	AMERICAN INTL GROUP INC	34,158	$2.017M	1.0%	$61.96	—	COM	026874107
WMT	WALMART INC	41,022	$1.976M	0.9%	$45.40	—	COM	931142103
INTC	INTEL CORP	100,939	$1.918M	0.9%	$24.29	—	COM	458140100
—	MOTOROLA INC	87,108	$1.755M	0.8%	$21.99	—	COM	620076109
CSCO	CISCO SYS INC	82,565	$1.612M	0.8%	$17.77	—	COM	17275R102
CAG	CONAGRA BRANDS INC	68,708	$1.519M	0.7%	$24.75	—	COM	205887102
CLX	CLOROX CO DEL	24,325	$1.483M	0.7%	$55.76	—	COM	189054109
WDFC	WD-40 CO	43,215	$1.451M	0.7%	$26.49	—	COM	929236107
—	SAFECO CORP	19,300	$1.088M	0.5%	$53.43	—	COM	786429100
HON	HONEYWELL INTL INC	26,160	$1.054M	0.5%	$37.50	—	COM	438516106
BDX	BECTON DICKINSON & CO	14,525	$888K	0.4%	$56.21	—	COM	075887109
TRN	TRINITY INDS INC	21,525	$870K	0.4%	$40.46	—	COM	896522109
TXN	TEXAS INSTRS INC	28,344	$859K	0.4%	$33.90	—	COM	882508104
BSX	BOSTON SCIENTIFIC CORP	49,950	$841K	0.4%	$23.54	—	COM	101137107
—	STEWART ENTERPRISES INC	139,087	$800K	0.4%	$6.63	—	CL A	860370105
SLB	SCHLUMBERGER LTD	11,950	$778K	0.4%	$74.75	—	COM	806857108
IBM	INTERNATIONAL BUSINESS MACHS	9,500	$730K	0.3%	$80.29	—	COM	459200101
JPM	JPMORGAN CHASE & CO	16,443	$691K	0.3%	$33.93	—	COM	46625H100
ZION	ZIONS BANCORPORATION N A	7,993	$623K	0.3%	$71.22	—	COM	989701107
—	CA INC COM	23,900	$491K	0.2%	$27.21	—	COM	12673P105
COP	CONOCOPHILLIPS	7,115	$466K	0.2%	$69.73	—	COM	20825C104
—	WALGREEN CO	10,004	$449K	0.2%	$43.46	—	COM	931422109
IDA	IDACORP INC	13,000	$446K	0.2%	$30.13	—	COM	451107106
ORCL	ORACLE CORP	30,296	$439K	0.2%	$12.42	—	COM	68389X105
UNP	UNION PAC CORP	4,480	$416K	0.2%	$71.70	—	COM	907818108
APD	AIR PRODS & CHEMS INC	6,400	$409K	0.2%	$55.14	—	COM	009158106
BMY	BRISTOL-MYERS SQUIBB CO	15,782	$408K	0.2%	$23.94	—	COM	110122108
—	MERCK & CO INC	10,846	$395K	0.2%	$27.21	—	COM	589331107
—	SHURGARD STORAGE CTRS INC	6,150	$384K	0.2%	$55.87	—	COM	82567D104
—	PLUM CREEK TIMBER CO INC	9,911	$352K	0.2%	$37.79	—	COM	729251108
LLY	LILLY ELI & CO	6,309	$349K	0.2%	$53.82	—	COM	532457108
—	ROYAL DUTCH SHELL PLC	4,984	$334K	0.2%	$64.81	—	SPONS ADR A	780259206
PFG	PRINCIPAL FINL GROUP INC	5,985	$333K	0.2%	$47.37	—	COM	74251V102
KO	COCA COLA CO	7,658	$329K	0.2%	$43.15	—	COM	191216100
RF	REGIONS FINANCIAL CORP NEW	9,693	$321K	0.2%	$31.12	—	COM	7591EP100
—	HEWLETT PACKARD CO	9,897	$314K	0.1%	$28.78	—	COM	428236103
—	DELL INC	12,448	$304K	0.1%	$28.14	—	COM	24702R101
—	SAFEWAY INC	10,900	$283K	0.1%	$25.60	—	COM	786514208
—	UNITED DOMINION REALTY TR IN	10,000	$280K	0.1%	$23.70	—	COM	910197102
BP	BP PLC	3,942	$274K	0.1%	$69.17	—	SPONSORED ADR	055622104
EQR	EQUITY RESIDENTIAL	5,912	$264K	0.1%	$37.85	—	SH BEN INT	29476L107
SPY	SPDR S&P 500 ETF TR	2,010	$256K	0.1%	$124.51	—	TR UNIT	78462F103
—	MFS CHARTER INCOME TR	29,600	$243K	0.1%	$8.75	—	SH BEN INT	552727109
—	KINDER MORGAN INC KANS	2,181	$218K	0.1%	$91.99	—	COM	49455P101
—	HYPERION TOTAL RETURN & INCO	24,900	$215K	0.1%	$8.71	—	COM	449145101
—	MANAGED HIGH INCOME PORTFOLI	30,950	$182K	0.1%	$6.24	—	COM	56166C105
—	MORGAN STANLEY HIGH YIELD FD	30,150	$168K	0.1%	$6.40	—	COM	61744M104
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$158K	0.1%	$12.27	—	COM	928708106
—	AMERICAN STRATEGIC INCOME II	14,670	$155K	0.1%	$10.90	—	COM	03009T101
—	CREDIT SUISSE ASSET MGMT INC	35,484	$141K	0.1%	$4.10	—	COM	224916106
—	DREYFUS MUN INCOME INC COM	15,883	$137K	0.1%	$9.35	—	COM	26201R102
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$132K	0.1%	$15.30	—	COM	67061W104
—	BLACKROCK INCOME TR INC	21,200	$130K	0.1%	$6.34	—	COM	09247F100
—	EF JOHNSON TECHNOLOGIES INC	18,400	$111K	0.1%	$10.24	—	COM	26843B101
—	LEVEL 3 COMMUNICATIONS INC	11,350	$50,394	0.0%	$2.32	—	COM	52729N100
—	LUCENT TECHNOLOGIES INC	12,589	$30,465	0.0%	$3.25	—	COM	549463107