Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	3,112,976	$99.77M	46.2%	$31.37	—	COM	871829107
—	ALLTEL CORP	167,734	$10.86M	5.0%	$65.11	—	COM	020039103
XOM	EXXON MOBIL CORP	126,215	$7.681M	3.6%	$63.54	—	COM	30231G102
WFC	WELLS FARGO CO NEW	91,165	$5.823M	2.7%	$58.57	—	COM	949746101
USB	US BANCORP DEL	142,205	$4.337M	2.0%	$28.17	—	COM NEW	902973304
CVX	CHEVRON CORP NEW	69,706	$4.041M	1.9%	$64.73	—	COM	166764100
—	BERKSHIRE HATHAWAY INC DEL	1,274	$3.837M	1.8%	$2735.48	—	CL B	084670207
HD	HOME DEPOT INC	81,551	$3.45M	1.6%	$38.43	—	COM	437076102
CAH	CARDINAL HEALTH INC	44,225	$3.296M	1.5%	$63.44	—	COM	14149Y108
—	GENERAL ELECTRIC CO	93,572	$3.254M	1.5%	$34.03	—	COM	369604103
MSFT	MICROSOFT CORP	110,065	$2.995M	1.4%	$25.81	—	COM	594918104
PFE	PFIZER INC	119,510	$2.978M	1.4%	$24.97	—	COM	717081103
—	FIRST DATA CORP	63,375	$2.967M	1.4%	$40.57	—	COM	319963104
PAYX	PAYCHEX INC	63,800	$2.658M	1.2%	$37.09	—	COM	704326107
—	GANNETT INC	41,375	$2.479M	1.1%	$66.88	—	COM	364730101
DIS	DISNEY WALT CO	88,462	$2.467M	1.1%	$24.88	—	COM DISNEY	254687106
CL	COLGATE PALMOLIVE CO	43,175	$2.465M	1.1%	$52.89	—	COM	194162103
—	VARIAN MED SYS INC	42,975	$2.413M	1.1%	$39.51	—	COM	92220P105
AMAT	APPLIED MATLS INC	136,250	$2.386M	1.1%	$16.97	—	COM	038222105
—	MARATHON OIL CORP	31,200	$2.377M	1.1%	$68.93	—	COM	565849106
—	AMERICAN INTL GROUP INC	34,158	$2.258M	1.0%	$61.96	—	COM	026874107
NWL	NEWELL BRANDS INC	86,150	$2.17M	1.0%	$22.70	—	COM	651229106
JNJ	JOHNSON & JOHNSON	36,239	$2.146M	1.0%	$62.85	—	COM	478160104
—	WASHINGTON MUT INC	49,475	$2.109M	1.0%	$39.22	—	COM	939322103
—	INGERSOLL-RAND COMPANY LTD	48,250	$2.016M	0.9%	$38.26	—	CL A	G4776G101
—	MOTOROLA INC	85,408	$1.957M	0.9%	$22.03	—	COM	620076109
INTC	INTEL CORP	97,239	$1.892M	0.9%	$24.49	—	COM	458140100
WMT	WALMART INC	38,822	$1.834M	0.8%	$45.24	—	COM	931142103
CSCO	CISCO SYS INC	82,565	$1.789M	0.8%	$17.77	—	COM	17275R102
CAG	CONAGRA BRANDS INC	69,358	$1.488M	0.7%	$24.75	—	COM	205887102
CLX	CLOROX CO DEL	24,625	$1.474M	0.7%	$55.76	—	COM	189054109
WDFC	WD-40 CO	43,215	$1.333M	0.6%	$26.49	—	COM	929236107
BSX	BOSTON SCIENTIFIC CORP	52,200	$1.203M	0.6%	$23.54	—	COM	101137107
HON	HONEYWELL INTL INC	26,860	$1.149M	0.5%	$37.50	—	COM	438516106
—	SAFECO CORP	18,900	$949K	0.4%	$53.37	—	COM	786429100
TXN	TEXAS INSTRS INC	28,344	$920K	0.4%	$33.90	—	COM	882508104
BDX	BECTON DICKINSON & CO	14,825	$913K	0.4%	$56.21	—	COM	075887109
TRN	TRINITY INDS INC	15,375	$836K	0.4%	$40.49	—	COM	896522109
—	STEWART ENTERPRISES INC	138,887	$793K	0.4%	$6.63	—	CL A	860370105
IBM	INTERNATIONAL BUSINESS MACHS	9,500	$783K	0.4%	$80.29	—	COM	459200101
SLB	SCHLUMBERGER LTD	5,975	$756K	0.4%	$84.38	—	COM	806857108
JPM	JPMORGAN CHASE & CO	16,443	$685K	0.3%	$33.93	—	COM	46625H100
—	CA INC COM	25,000	$680K	0.3%	$27.21	—	COM	12673P105
ZION	ZIONS BANCORPORATION N A	8,093	$670K	0.3%	$71.22	—	COM	989701107
—	MERCK & CO INC	12,546	$442K	0.2%	$27.21	—	COM	589331107
—	WALGREEN CO	10,004	$431K	0.2%	$43.46	—	COM	931422109
COP	CONOCOPHILLIPS	6,826	$431K	0.2%	$69.91	—	COM	20825C104
APD	AIR PRODS & CHEMS INC	6,400	$430K	0.2%	$55.14	—	COM	009158106
BMY	BRISTOL-MYERS SQUIBB CO	17,382	$428K	0.2%	$23.94	—	COM	110122108
IDA	IDACORP INC	13,000	$423K	0.2%	$30.13	—	COM	451107106
UNP	UNION PAC CORP	4,480	$418K	0.2%	$71.70	—	COM	907818108
ORCL	ORACLE CORP	30,296	$415K	0.2%	$12.42	—	COM	68389X105
—	SHURGARD STORAGE CTRS INC	6,150	$410K	0.2%	$55.87	—	COM	82567D104
LLY	LILLY ELI & CO	6,309	$349K	0.2%	$53.82	—	COM	532457108
—	PLUM CREEK TIMBER CO INC	9,411	$348K	0.2%	$37.91	—	COM	729251108
RF	REGIONS FINANCIAL CORP NEW	9,693	$341K	0.2%	$31.12	—	COM	7591EP100
KO	COCA COLA CO	7,658	$321K	0.1%	$43.15	—	COM	191216100
—	ROYAL DUTCH SHELL PLC	4,984	$310K	0.1%	$64.81	—	SPONS ADR A	780259206
—	HEWLETT PACKARD CO	9,397	$309K	0.1%	$28.63	—	COM	428236103
PFG	PRINCIPAL FINL GROUP INC	6,069	$296K	0.1%	$47.37	—	COM	74251V102
—	UNITED DOMINION REALTY TR IN	10,000	$285K	0.1%	$23.70	—	COM	910197102
—	SAFEWAY INC	11,200	$281K	0.1%	$25.60	—	COM	786514208
EQR	EQUITY RESIDENTIAL	5,912	$277K	0.1%	$37.85	—	SH BEN INT	29476L107
BP	BP PLC	3,942	$272K	0.1%	$69.17	—	SPONSORED ADR	055622104
SPY	SPDR S&P 500 ETF TR	2,010	$261K	0.1%	$124.51	—	TR UNIT	78462F103
—	DELL INC	8,648	$257K	0.1%	$29.76	—	COM	24702R101
—	MFS CHARTER INCOME TR	29,600	$249K	0.1%	$8.75	—	SH BEN INT	552727109
—	MERRILL LYNCH & CO INC	2,700	$213K	0.1%	$78.76	—	COM	590188108
—	HYPERION TOTAL RETURN & INCO	24,900	$209K	0.1%	$8.71	—	COM	449145101
—	DREYFUS MUN INCOME INC COM	23,383	$208K	0.1%	$9.35	—	COM	26201R102
SHW	SHERWIN WILLIAMS CO	4,200	$208K	0.1%	$49.44	—	COM	824348106
—	KINDER MORGAN INC KANS	2,181	$201K	0.1%	$91.99	—	COM	49455P101
—	EF JOHNSON TECHNOLOGIES INC	18,400	$199K	0.1%	$10.24	—	COM	26843B101
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$197K	0.1%	$12.27	—	COM	928708106
—	MANAGED HIGH INCOME PORTFOLI	30,950	$187K	0.1%	$6.24	—	COM	56166C105
—	AMERICAN STRATEGIC INCOME II	16,270	$174K	0.1%	$10.90	—	COM	03009T101
—	MORGAN STANLEY HIGH YIELD FD	30,150	$173K	0.1%	$6.40	—	COM	61744M104
—	CREDIT SUISSE ASSET MGMT INC	39,484	$156K	0.1%	$4.10	—	COM	224916106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$141K	0.1%	$15.30	—	COM	67061W104
—	BLACKROCK INCOME TR INC	21,200	$131K	0.1%	$6.34	—	COM	09247F100
—	LEVEL 3 COMMUNICATIONS INC	11,350	$58,793	0.0%	$2.32	—	COM	52729N100
—	LUCENT TECHNOLOGIES INC	12,589	$38,396	0.0%	$3.25	—	COM	549463107