Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$98.05M	47.6%	$31.05	$37.37	—	COM	871829107
—	ALLTEL CORP	167,934	$10.6M	5.1%	$63.10	$60.36	—	COM	020039103
XOM	EXXON MOBIL CORP	126,165	$7.087M	3.4%	$56.17	$58.31	—	COM	30231G102
WFC	WELLS FARGO CO NEW	91,094	$5.723M	2.8%	$62.83	$45.00	—	COM	949746101
USB	US BANCORP DEL	137,173	$4.1M	2.0%	$29.89	$25.41	—	COM NEW	902973304
CVX	CHEVRON CORP NEW	69,706	$3.957M	1.9%	$56.77	$69.02	—	COM	166764100
—	BERKSHIRE HATHAWAY INC DEL	1,278	$3.752M	1.8%	$2935.50	$2560.27	—	CL B	084670207
HD	HOME DEPOT INC	77,401	$3.133M	1.5%	$40.48	$39.96	—	COM	437076102
CAH	CARDINAL HEALTH INC	44,475	$3.058M	1.5%	$68.75	$53.64	—	COM	14149Y108
MSFT	MICROSOFT CORP	104,631	$2.736M	1.3%	$26.15	$35.76	—	COM	594918104
PFE	PFIZER INC	114,794	$2.677M	1.3%	$23.32	$32.26	—	COM	717081103
—	FIRST DATA CORP	61,425	$2.642M	1.3%	$43.01	$42.27	—	COM	319963104
PAYX	PAYCHEX INC	63,800	$2.432M	1.2%	$38.12	$32.08	—	COM	704326107
AMAT	APPLIED MATLS INC	132,950	$2.385M	1.2%	$17.94	$24.03	—	COM	038222105
CL	COLGATE PALMOLIVE CO	43,250	$2.372M	1.2%	$54.85	$46.95	—	COM	194162103
INTC	INTEL CORP	94,010	$2.346M	1.1%	$24.96	$45.42	—	COM	458140100
—	AMERICAN INTL GROUP INC	33,996	$2.32M	1.1%	$68.23	$67.99	—	COM	026874107
—	WASHINGTON MUT INC	51,325	$2.233M	1.1%	$43.50	$37.94	—	COM	939322103
—	GENERAL ELECTRIC CO	62,955	$2.207M	1.1%	$35.05	$46.53	—	COM	369604103
—	VARIAN MED SYS INC	43,325	$2.181M	1.1%	$50.34	$37.60	—	COM	92220P105
NWL	NEWELL BRANDS INC	86,350	$2.053M	1.0%	$23.78	$21.39	—	COM	651229106
—	MOTOROLA INC	88,408	$1.997M	1.0%	$22.59	$16.52	—	COM	620076109
—	MARATHON OIL CORP	32,200	$1.963M	1.0%	$60.97	$31.91	—	COM	565849106
—	GANNETT INC	32,325	$1.958M	1.0%	$60.57	$70.47	—	COM	364730101
—	INGERSOLL-RAND COMPANY LTD	48,350	$1.952M	0.9%	$40.37	$44.72	—	CL A	G4776G101
JNJ	JOHNSON & JOHNSON	32,385	$1.946M	0.9%	$60.10	$56.31	—	COM	478160104
DIS	DISNEY WALT CO	70,625	$1.693M	0.8%	$23.97	$22.82	—	COM DISNEY	254687106
CAG	CONAGRA BRANDS INC	71,158	$1.443M	0.7%	$20.28	$24.25	—	COM	205887102
CLX	CLOROX CO DEL	24,725	$1.407M	0.7%	$56.89	$47.72	—	COM	189054109
CSCO	CISCO SYS INC	82,066	$1.405M	0.7%	$17.12	$26.93	—	COM	17275R102
BSX	BOSTON SCIENTIFIC CORP	52,200	$1.278M	0.6%	$24.49	$26.73	—	COM	101137107
WMT	WALMART INC	26,966	$1.262M	0.6%	$46.80	$47.74	—	COM	931142103
WDFC	WD-40 CO	43,915	$1.153M	0.6%	$26.26	$28.47	—	COM	929236107
—	SAFECO CORP	18,900	$1.068M	0.5%	$56.50	$45.79	—	COM	786429100
HON	HONEYWELL INTL INC	26,775	$997K	0.5%	$37.25	$32.70	—	COM	438516106
TXN	TEXAS INSTRS INC	28,550	$916K	0.4%	$32.07	$26.43	—	COM	882508104
BDX	BECTON DICKINSON & CO	14,825	$891K	0.4%	$60.08	$45.11	—	COM	075887109
IBM	INTERNATIONAL BUSINESS MACHS	10,775	$886K	0.4%	$82.20	$87.06	—	COM	459200101
JPM	JPMORGAN CHASE & CO	21,580	$857K	0.4%	$39.69	$39.22	—	COM	46625H100
—	STEWART ENTERPRISES INC	138,887	$751K	0.4%	$5.41	$3.96	—	CL A	860370105
—	COMPUTER ASSOC INTL INC	26,500	$747K	0.4%	$28.19	$24.84	—	COM	204912109
ZION	ZIONS BANCORPORATION N A	9,093	$687K	0.3%	$75.56	$46.47	—	COM	989701107
TRN	TRINITY INDS INC	15,375	$678K	0.3%	$44.07	$23.39	—	COM	896522109
SLB	SCHLUMBERGER LTD	5,975	$580K	0.3%	$97.15	$42.09	—	COM	806857108
—	WALGREEN CO	10,004	$443K	0.2%	$44.26	$33.56	—	COM	931422109
EQR	EQUITY RESIDENTIAL	11,284	$441K	0.2%	$39.12	$37.90	—	SH BEN INT	29476L107
BMY	BRISTOL-MYERS SQUIBB CO	17,382	$399K	0.2%	$22.98	$48.64	—	COM	110122108
—	MERCK & CO INC	12,546	$399K	0.2%	$31.81	$68.09	—	COM	589331107
COP	CONOCOPHILLIPS	6,826	$397K	0.2%	$58.18	$70.17	—	COM	20825C104
IDA	IDACORP INC	13,100	$384K	0.2%	$29.30	$26.03	—	COM	451107106
APD	AIR PRODS & CHEMS INC	6,400	$379K	0.2%	$59.19	$38.28	—	COM	009158106
ORCL	ORACLE CORP	29,800	$364K	0.2%	$12.21	$29.05	—	COM	68389X105
UNP	UNION PAC CORP	4,480	$361K	0.2%	$80.51	$56.47	—	COM	907818108
—	SHURGARD STORAGE CTRS INC	6,150	$349K	0.2%	$56.71	$38.88	—	COM	82567D104
—	PLUM CREEK TIMBER CO INC	9,411	$339K	0.2%	$36.05	$35.03	—	COM	729251108
RF	REGIONS FINANCIAL CORP NEW	9,693	$331K	0.2%	$34.16	$33.06	—	COM	7591EP100
KO	COCA COLA CO	7,658	$309K	0.1%	$40.31	$51.06	—	COM	191216100
—	ROYAL DUTCH SHELL PLC	4,984	$306K	0.1%	$61.49	$64.81	—	SPONS ADR A	780259206
LLY	LILLY ELI & CO	5,250	$297K	0.1%	$56.59	$52.93	—	COM	532457108
PFG	PRINCIPAL FINL GROUP INC	6,069	$288K	0.1%	$47.43	$27.11	—	COM	74251V102
—	SAFEWAY INC	11,400	$270K	0.1%	$23.66	$34.40	—	COM	786514208
—	MFS CHARTER INCOME TR	31,300	$269K	0.1%	$8.60	$8.62	—	SH BEN INT	552727109
—	HEWLETT PACKARD CO	9,397	$269K	0.1%	$28.63	$28.63	—	COM	428236103
BP	BP PLC	3,942	$253K	0.1%	$64.22	$69.17	—	SPONSORED ADR	055622104
SPY	SPDR S&P 500 ETF TR	2,010	$250K	0.1%	$124.51	$124.51	—	TR UNIT	78462F103
—	UNITED DOMINION REALTY TR IN	10,000	$234K	0.1%	$23.44	$11.00	—	COM	910197102
—	EF JOHNSON TECHNOLOGIES INC	21,400	$217K	0.1%	$10.15	$7.65	—	COM	26843B101
—	DREYFUS MUN INCOME INC COM	23,383	$208K	0.1%	$8.90	$7.56	—	COM	26201R102
—	HYPERION TOTAL RETURN & INCO	24,900	$205K	0.1%	$8.25	$8.40	—	COM	449145101
—	MANAGED HIGH INCOME PORTFOLI	30,950	$186K	0.1%	$6.01	$8.63	—	COM	56166C105
—	AMERICAN STRATEGIC INCOME II	16,270	$175K	0.1%	$10.74	$10.56	—	COM	03009T101
—	MORGAN STANLEY HIGH YIELD FD	30,150	$171K	0.1%	$5.67	$11.56	—	COM	61744M104
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$155K	0.1%	$15.00	$13.50	—	COM	928708106
—	CREDIT SUISSE ASSET MGMT INC	39,484	$145K	0.1%	$3.67	$5.84	—	COM	224916106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$145K	0.1%	$14.45	$14.75	—	COM	67061W104
—	COLONIAL MUN INCOME TR	25,800	$139K	0.1%	$5.38	$5.80	—	SH BEN INT	195799101
—	BLACKROCK INCOME TR INC	21,200	$128K	0.1%	$6.05	$6.53	—	COM	09247F100
—	LUCENT TECHNOLOGIES INC	12,589	$33,486	0.0%	$2.66	$27.26	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	11,350	$32,575	0.0%	$2.87	$59.63	—	COM	52729N100