Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$98.05M	47.6%	$31.37	—	COM	871829107
—	ALLTEL CORP	167,934	$10.6M	5.1%	$65.11	—	COM	020039103
XOM	EXXON MOBIL CORP	126,165	$7.087M	3.4%	$63.54	—	COM	30231G102
WFC	WELLS FARGO CO NEW	91,094	$5.723M	2.8%	$58.57	—	COM	949746101
USB	US BANCORP DEL	137,173	$4.1M	2.0%	$28.08	—	COM NEW	902973304
CVX	CHEVRON CORP NEW	69,706	$3.957M	1.9%	$64.73	—	COM	166764100
—	BERKSHIRE HATHAWAY INC DEL	1,278	$3.752M	1.8%	$2735.48	—	CL B	084670207
HD	HOME DEPOT INC	77,401	$3.133M	1.5%	$38.23	—	COM	437076102
CAH	CARDINAL HEALTH INC	44,475	$3.058M	1.5%	$63.44	—	COM	14149Y108
MSFT	MICROSOFT CORP	104,631	$2.736M	1.3%	$25.74	—	COM	594918104
PFE	PFIZER INC	114,794	$2.677M	1.3%	$24.97	—	COM	717081103
—	FIRST DATA CORP	61,425	$2.642M	1.3%	$40.37	—	COM	319963104
PAYX	PAYCHEX INC	63,800	$2.432M	1.2%	$37.09	—	COM	704326107
AMAT	APPLIED MATLS INC	132,950	$2.385M	1.2%	$16.96	—	COM	038222105
CL	COLGATE PALMOLIVE CO	43,250	$2.372M	1.2%	$52.89	—	COM	194162103
INTC	INTEL CORP	94,010	$2.346M	1.1%	$24.66	—	COM	458140100
—	AMERICAN INTL GROUP INC	33,996	$2.32M	1.1%	$61.96	—	COM	026874107
—	WASHINGTON MUT INC	51,325	$2.233M	1.1%	$39.22	—	COM	939322103
—	GENERAL ELECTRIC CO	62,955	$2.207M	1.1%	$33.67	—	COM	369604103
—	VARIAN MED SYS INC	43,325	$2.181M	1.1%	$39.51	—	COM	92220P105
NWL	NEWELL BRANDS INC	86,350	$2.053M	1.0%	$22.70	—	COM	651229106
—	MOTOROLA INC	88,408	$1.997M	1.0%	$22.03	—	COM	620076109
—	MARATHON OIL CORP	32,200	$1.963M	1.0%	$68.93	—	COM	565849106
—	GANNETT INC	32,325	$1.958M	1.0%	$68.83	—	COM	364730101
—	INGERSOLL-RAND COMPANY LTD	48,350	$1.952M	0.9%	$38.26	—	CL A	G4776G101
JNJ	JOHNSON & JOHNSON	32,385	$1.946M	0.9%	$63.28	—	COM	478160104
DIS	DISNEY WALT CO	70,625	$1.693M	0.8%	$24.12	—	COM DISNEY	254687106
CAG	CONAGRA BRANDS INC	71,158	$1.443M	0.7%	$24.75	—	COM	205887102
CLX	CLOROX CO DEL	24,725	$1.407M	0.7%	$55.76	—	COM	189054109
CSCO	CISCO SYS INC	82,066	$1.405M	0.7%	$17.77	—	COM	17275R102
BSX	BOSTON SCIENTIFIC CORP	52,200	$1.278M	0.6%	$23.54	—	COM	101137107
WMT	WALMART INC	26,966	$1.262M	0.6%	$44.36	—	COM	931142103
WDFC	WD-40 CO	43,915	$1.153M	0.6%	$26.49	—	COM	929236107
—	SAFECO CORP	18,900	$1.068M	0.5%	$53.37	—	COM	786429100
HON	HONEYWELL INTL INC	26,775	$997K	0.5%	$37.50	—	COM	438516106
TXN	TEXAS INSTRS INC	28,550	$916K	0.4%	$33.90	—	COM	882508104
BDX	BECTON DICKINSON & CO	14,825	$891K	0.4%	$56.21	—	COM	075887109
IBM	INTERNATIONAL BUSINESS MACHS	10,775	$886K	0.4%	$80.29	—	COM	459200101
JPM	JPMORGAN CHASE & CO	21,580	$857K	0.4%	$33.93	—	COM	46625H100
—	STEWART ENTERPRISES INC	138,887	$751K	0.4%	$6.63	—	CL A	860370105
—	COMPUTER ASSOC INTL INC	26,500	$747K	0.4%	$27.81	—	COM	204912109
ZION	ZIONS BANCORPORATION N A	9,093	$687K	0.3%	$71.22	—	COM	989701107
TRN	TRINITY INDS INC	15,375	$678K	0.3%	$40.49	—	COM	896522109
SLB	SCHLUMBERGER LTD	5,975	$580K	0.3%	$84.38	—	COM	806857108
—	WALGREEN CO	10,004	$443K	0.2%	$43.46	—	COM	931422109
EQR	EQUITY RESIDENTIAL	11,284	$441K	0.2%	$37.85	—	SH BEN INT	29476L107
BMY	BRISTOL-MYERS SQUIBB CO	17,382	$399K	0.2%	$23.94	—	COM	110122108
—	MERCK & CO INC	12,546	$399K	0.2%	$27.21	—	COM	589331107
COP	CONOCOPHILLIPS	6,826	$397K	0.2%	$69.91	—	COM	20825C104
IDA	IDACORP INC	13,100	$384K	0.2%	$30.13	—	COM	451107106
APD	AIR PRODS & CHEMS INC	6,400	$379K	0.2%	$55.14	—	COM	009158106
ORCL	ORACLE CORP	29,800	$364K	0.2%	$12.40	—	COM	68389X105
UNP	UNION PAC CORP	4,480	$361K	0.2%	$71.70	—	COM	907818108
—	SHURGARD STORAGE CTRS INC	6,150	$349K	0.2%	$55.87	—	COM	82567D104
—	PLUM CREEK TIMBER CO INC	9,411	$339K	0.2%	$37.91	—	COM	729251108
RF	REGIONS FINANCIAL CORP NEW	9,693	$331K	0.2%	$31.12	—	COM	7591EP100
KO	COCA COLA CO	7,658	$309K	0.1%	$43.15	—	COM	191216100
—	ROYAL DUTCH SHELL PLC	4,984	$306K	0.1%	$64.81	—	SPONS ADR A	780259206
LLY	LILLY ELI & CO	5,250	$297K	0.1%	$53.52	—	COM	532457108
PFG	PRINCIPAL FINL GROUP INC	6,069	$288K	0.1%	$47.37	—	COM	74251V102
—	SAFEWAY INC	11,400	$270K	0.1%	$25.60	—	COM	786514208
—	MFS CHARTER INCOME TR	31,300	$269K	0.1%	$8.75	—	SH BEN INT	552727109
—	HEWLETT PACKARD CO	9,397	$269K	0.1%	$28.63	—	COM	428236103
BP	BP PLC	3,942	$253K	0.1%	$69.17	—	SPONSORED ADR	055622104
SPY	SPDR S&P 500 ETF TR	2,010	$250K	0.1%	$124.51	—	TR UNIT	78462F103
—	UNITED DOMINION REALTY TR IN	10,000	$234K	0.1%	$23.70	—	COM	910197102
—	EF JOHNSON TECHNOLOGIES INC	21,400	$217K	0.1%	$10.24	—	COM	26843B101
—	DREYFUS MUN INCOME INC COM	23,383	$208K	0.1%	$9.35	—	COM	26201R102
—	HYPERION TOTAL RETURN & INCO	24,900	$205K	0.1%	$8.71	—	COM	449145101
—	MANAGED HIGH INCOME PORTFOLI	30,950	$186K	0.1%	$6.24	—	COM	56166C105
—	AMERICAN STRATEGIC INCOME II	16,270	$175K	0.1%	$10.90	—	COM	03009T101
—	MORGAN STANLEY HIGH YIELD FD	30,150	$171K	0.1%	$6.40	—	COM	61744M104
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$155K	0.1%	$12.27	—	COM	928708106
—	CREDIT SUISSE ASSET MGMT INC	39,484	$145K	0.1%	$4.10	—	COM	224916106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$145K	0.1%	$15.30	—	COM	67061W104
—	COLONIAL MUN INCOME TR	25,800	$139K	0.1%	$5.54	—	SH BEN INT	195799101
—	BLACKROCK INCOME TR INC	21,200	$128K	0.1%	$6.34	—	COM	09247F100
—	LUCENT TECHNOLOGIES INC	12,589	$33,486	0.0%	$3.25	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	11,350	$32,575	0.0%	$2.32	—	COM	52729N100