Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$99.06M	48.2%	$31.37	$37.37	—	COM	871829107
—	ALLTEL CORP	177,167	$11.54M	5.6%	$65.11	$60.36	—	COM	020039103
XOM	EXXON MOBIL CORP	126,656	$8.048M	3.9%	$63.54	$58.31	—	COM	30231G102
WFC	WELLS FARGO CO NEW	90,344	$5.291M	2.6%	$58.57	$45.00	—	COM	949746101
CVX	CHEVRON CORP NEW	69,677	$4.51M	2.2%	$64.73	$69.02	—	COM	166764100
USB	US BANCORP DEL	155,532	$4.367M	2.1%	$28.08	$25.41	—	COM NEW	902973304
—	BERKSHIRE HATHAWAY INC DEL	1,250	$3.414M	1.7%	$2731.00	$2551.87	—	CL B	084670207
PFE	PFIZER INC	119,022	$2.972M	1.4%	$24.97	$32.26	—	COM	717081103
HD	HOME DEPOT INC	74,576	$2.844M	1.4%	$38.14	$39.94	—	COM	437076102
CAH	CARDINAL HEALTH INC	44,485	$2.822M	1.4%	$63.44	$53.64	—	COM	14149Y108
MSFT	MICROSOFT CORP	101,631	$2.615M	1.3%	$25.73	$36.04	—	COM	594918104
PAYX	PAYCHEX INC	64,700	$2.4M	1.2%	$37.09	$32.08	—	COM	704326107
AMAT	APPLIED MATLS INC	133,175	$2.259M	1.1%	$16.96	$24.03	—	COM	038222105
—	GANNETT INC	32,700	$2.251M	1.1%	$68.83	$70.47	—	COM	364730101
INTC	INTEL CORP	90,960	$2.242M	1.1%	$24.65	$46.11	—	COM	458140100
—	MARATHON OIL CORP	32,200	$2.22M	1.1%	$68.93	$31.91	—	COM	565849106
CL	COLGATE PALMOLIVE CO	41,225	$2.176M	1.1%	$52.79	$46.57	—	COM	194162103
—	FIRST DATA CORP	53,850	$2.154M	1.0%	$40.00	$42.16	—	COM	319963104
—	GENERAL ELECTRIC CO	62,757	$2.113M	1.0%	$33.67	$46.53	—	COM	369604103
—	AMERICAN INTL GROUP INC	33,996	$2.106M	1.0%	$61.96	$67.99	—	COM	026874107
JNJ	JOHNSON & JOHNSON	32,385	$2.049M	1.0%	$63.28	$56.31	—	COM	478160104
—	WASHINGTON MUT INC	51,925	$2.036M	1.0%	$39.22	$37.94	—	COM	939322103
—	MOTOROLA INC	88,282	$1.945M	0.9%	$22.03	$16.52	—	COM	620076109
NWL	NEWELL BRANDS INC	82,550	$1.87M	0.9%	$22.65	$21.28	—	COM	651229106
—	INGERSOLL-RAND COMPANY LTD	47,700	$1.824M	0.9%	$38.23	$44.78	—	CL A	G4776G101
CAG	CONAGRA BRANDS INC	72,508	$1.795M	0.9%	$24.75	$24.25	—	COM	205887102
—	VARIAN MED SYS INC	43,825	$1.732M	0.8%	$39.51	$37.60	—	COM	92220P105
DIS	DISNEY WALT CO	68,100	$1.643M	0.8%	$24.13	$22.78	—	COM DISNEY	254687106
CSCO	CISCO SYS INC	66,216	$1.187M	0.6%	$17.92	$29.28	—	COM	17275R102
CLX	CLOROX CO DEL	20,675	$1.148M	0.6%	$55.54	$45.93	—	COM	189054109
WDFC	WD-40 CO	39,865	$1.057M	0.5%	$26.51	$28.70	—	COM	929236107
BSX	BOSTON SCIENTIFIC CORP	44,275	$1.035M	0.5%	$23.37	$27.13	—	COM	101137107
—	SAFECO CORP	19,100	$1.019M	0.5%	$53.37	$45.79	—	COM	786429100
HON	HONEYWELL INTL INC	26,875	$1.008M	0.5%	$37.50	$32.70	—	COM	438516106
TXN	TEXAS INSTRS INC	28,550	$968K	0.5%	$33.90	$26.43	—	COM	882508104
WMT	WALMART INC	22,066	$967K	0.5%	$43.82	$47.95	—	COM	931142103
—	STEWART ENTERPRISES INC	145,159	$962K	0.5%	$6.63	$3.96	—	CL A	860370105
IBM	INTERNATIONAL BUSINESS MACHS	10,375	$832K	0.4%	$80.22	$87.25	—	COM	459200101
JPM	JPMORGAN CHASE & CO	22,027	$747K	0.4%	$33.93	$39.22	—	COM	46625H100
—	COMPUTER ASSOC INTL INC	26,500	$737K	0.4%	$27.81	$24.84	—	COM	204912109
ZION	ZIONS BANCORPORATION N A	9,093	$648K	0.3%	$71.22	$46.47	—	COM	989701107
TRN	TRINITY INDS INC	15,375	$623K	0.3%	$40.49	$23.39	—	COM	896522109
SLB	SCHLUMBERGER LTD	5,975	$504K	0.2%	$84.38	$42.09	—	COM	806857108
COP	CONOCOPHILLIPS	7,126	$498K	0.2%	$69.91	$70.17	—	COM	20825C104
EQR	EQUITY RESIDENTIAL	12,344	$467K	0.2%	$37.85	$37.90	—	SH BEN INT	29476L107
—	WALGREEN CO	9,900	$430K	0.2%	$43.45	$33.45	—	COM	931422109
IDA	IDACORP INC	14,200	$428K	0.2%	$30.13	$26.03	—	COM	451107106
BDX	BECTON DICKINSON & CO	7,500	$393K	0.2%	$52.43	$30.49	—	COM	075887109
—	MERCK & CO INC	13,796	$375K	0.2%	$27.21	$68.09	—	COM	589331107
BMY	BRISTOL-MYERS SQUIBB CO	15,500	$373K	0.2%	$24.06	$51.75	—	COM	110122108
ORCL	ORACLE CORP	29,800	$370K	0.2%	$12.40	$29.05	—	COM	68389X105
—	PLUM CREEK TIMBER CO INC	9,511	$361K	0.2%	$37.91	$35.03	—	COM	729251108
APD	AIR PRODS & CHEMS INC	6,400	$353K	0.2%	$55.14	$38.28	—	COM	009158106
—	SHURGARD STORAGE CTRS INC	6,150	$344K	0.2%	$55.87	$38.88	—	COM	82567D104
KO	COCA COLA CO	7,553	$326K	0.2%	$43.19	$51.21	—	COM	191216100
—	MFS CHARTER INCOME TR	37,200	$326K	0.2%	$8.75	$8.62	—	SH BEN INT	552727109
UNP	UNION PAC CORP	4,480	$321K	0.2%	$71.70	$56.47	—	COM	907818108
RF	REGIONS FINANCIAL CORP NEW	9,693	$302K	0.1%	$31.12	$33.06	—	COM	7591EP100
—	SAFEWAY INC	11,750	$301K	0.1%	$25.60	$34.40	—	COM	786514208
PFG	PRINCIPAL FINL GROUP INC	6,321	$299K	0.1%	$47.37	$27.11	—	COM	74251V102
LLY	LILLY ELI & CO	5,250	$281K	0.1%	$53.52	$52.93	—	COM	532457108
—	ROYAL DUTCH SHELL PLC	3,984	$262K	0.1%	$65.64	$65.64	—	SPONS ADR A	780259206
—	UNITED DOMINION REALTY TR IN	10,000	$237K	0.1%	$23.70	$11.00	—	COM	910197102
—	HYPERION TOTAL RETURN & INCO	26,900	$234K	0.1%	$8.71	$8.40	—	COM	449145101
—	SCHERING PLOUGH CORP	10,825	$228K	0.1%	$21.05	$39.51	—	COM	806605101
—	DREYFUS MUN INCOME INC COM	23,383	$219K	0.1%	$9.35	$7.56	—	COM	26201R102
—	CITIGROUP INC	4,732	$215K	0.1%	$45.52	$57.64	—	COM	172967101
—	MORGAN STANLEY HIGH YIELD FD	32,650	$209K	0.1%	$6.40	$11.56	—	COM	61744M104
—	MANAGED HIGH INCOME PORTFOLI	33,450	$209K	0.1%	$6.24	$8.63	—	COM	56166C105
BP	BP PLC	2,942	$208K	0.1%	$70.85	$70.85	—	SPONSORED ADR	055622104
—	AMERICAN STRATEGIC INCOME II	16,270	$177K	0.1%	$10.90	$10.56	—	COM	03009T101
—	CREDIT SUISSE ASSET MGMT INC	42,484	$174K	0.1%	$4.10	$5.84	—	COM	224916106
—	BLACKROCK INCOME TR INC	26,200	$166K	0.1%	$6.34	$6.53	—	COM	09247F100
—	VAN KAMPEN VALUE MUN INCOME	11,650	$160K	0.1%	$13.73	$11.75	—	COM	921132106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$153K	0.1%	$15.30	$14.75	—	COM	67061W104
—	COLONIAL MUN INCOME TR	25,800	$143K	0.1%	$5.54	$5.80	—	SH BEN INT	195799101
—	EF JOHNSON TECHNOLOGIES INC	13,400	$138K	0.1%	$10.29	$6.15	—	COM	26843B101
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$127K	0.1%	$12.27	$13.50	—	COM	928708106
—	LUCENT TECHNOLOGIES INC	16,239	$52,777	0.0%	$3.25	$27.26	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	14,950	$34,684	0.0%	$2.32	$59.63	—	COM	52729N100