Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$114M	51.7%	$35.80	—	COM	871829107
—	ALLTEL CORP	179,335	$11.17M	5.1%	$54.95	—	COM	020039103
XOM	EXXON MOBIL CORP	127,244	$7.313M	3.3%	$59.60	—	COM	30231G102
WFC	WELLS FARGO CO NEW	88,794	$5.468M	2.5%	$59.80	—	COM	949746101
USB	US BANCORP DEL	177,324	$5.178M	2.3%	$28.82	—	COM NEW	902973304
—	SUNGARD DATA SYS INC	95,625	$3.363M	1.5%	$34.50	—	COM	867363103
PFE	PFIZER INC	119,272	$3.29M	1.5%	$26.36	—	COM	717081103
—	BERKSHIRE HATHAWAY INC DEL	1,122	$3.123M	1.4%	$2849.22	—	CL B	084670207
HD	HOME DEPOT INC	72,576	$2.823M	1.3%	$38.27	—	COM	437076102
CVX	CHEVRON CORP NEW	49,700	$2.779M	1.3%	$58.31	—	COM	166764100
CAH	CARDINAL HEALTH INC	44,685	$2.573M	1.2%	$55.83	—	COM	14149Y108
MSFT	MICROSOFT CORP	100,531	$2.497M	1.1%	$24.20	—	COM	594918104
INTC	INTEL CORP	89,660	$2.333M	1.1%	$23.49	—	COM	458140100
—	UNOCAL CORP	34,192	$2.224M	1.0%	$61.69	—	COM	915289102
—	GENERAL ELECTRIC CO	62,697	$2.172M	1.0%	$36.06	—	COM	369604103
AMAT	APPLIED MATLS INC	131,775	$2.132M	1.0%	$16.25	—	COM	038222105
—	WASHINGTON MUT INC	51,775	$2.107M	1.0%	$39.59	—	COM	939322103
PAYX	PAYCHEX INC	63,900	$2.078M	0.9%	$32.79	—	COM	704326107
—	GANNETT INC	28,850	$2.052M	0.9%	$77.14	—	COM	364730101
CL	COLGATE PALMOLIVE CO	39,925	$1.993M	0.9%	$52.05	—	COM	194162103
—	AMERICAN INTL GROUP INC	33,996	$1.975M	0.9%	$55.41	—	COM	026874107
NWL	NEWELL BRANDS INC	80,050	$1.908M	0.9%	$22.12	—	COM	651229106
JNJ	JOHNSON & JOHNSON	28,335	$1.842M	0.8%	$67.16	—	COM	478160104
—	FIRST DATA CORP	45,700	$1.834M	0.8%	$39.51	—	COM	319963104
—	MARATHON OIL CORP	32,050	$1.711M	0.8%	$46.92	—	COM	565849106
DIS	DISNEY WALT CO	64,990	$1.636M	0.7%	$28.28	—	COM DISNEY	254687106
—	MOTOROLA INC	87,850	$1.604M	0.7%	$14.97	—	COM	620076109
CAG	CONAGRA BRANDS INC	68,868	$1.595M	0.7%	$27.02	—	COM	205887102
—	VARIAN MED SYS INC	38,425	$1.434M	0.6%	$37.33	—	COM	92220P105
—	INGERSOLL-RAND COMPANY LTD	19,300	$1.377M	0.6%	$77.81	—	CL A	G4776G101
CSCO	CISCO SYS INC	60,666	$1.158M	0.5%	$18.25	—	COM	17275R102
—	SAFECO CORP	19,200	$1.043M	0.5%	$48.71	—	COM	786429100
HON	HONEYWELL INTL INC	26,775	$981K	0.4%	$37.21	—	COM	438516106
WDFC	WD-40 CO	34,735	$970K	0.4%	$32.28	—	COM	929236107
—	STEWART ENTERPRISES INC	145,159	$944K	0.4%	$6.15	—	CL A	860370105
BSX	BOSTON SCIENTIFIC CORP	34,575	$934K	0.4%	$28.18	—	COM	101137107
CLX	CLOROX CO DEL	15,075	$840K	0.4%	$60.33	—	COM	189054109
TXN	TEXAS INSTRS INC	28,550	$801K	0.4%	$25.49	—	COM	882508104
JPM	JPMORGAN CHASE & CO	22,027	$778K	0.4%	$34.63	—	COM	46625H100
IBM	INTERNATIONAL BUSINESS MACHS	9,875	$733K	0.3%	$90.34	—	COM	459200101
—	COMPUTER ASSOC INTL INC	26,400	$725K	0.3%	$27.10	—	COM	204912109
ZION	ZIONS BANCORPORATION N A	9,000	$662K	0.3%	$69.02	—	COM	989701107
WMT	WALMART INC	13,041	$629K	0.3%	$49.42	—	COM	931142103
APD	AIR PRODS & CHEMS INC	10,301	$621K	0.3%	$63.29	—	COM	009158106
—	OPPENHEIMER MULTI-SECTOR INC	63,050	$601K	0.3%	$9.17	—	SH BEN INT	683933105
TRN	TRINITY INDS INC	15,325	$491K	0.2%	$28.17	—	COM	896522109
EQR	EQUITY RESIDENTIAL	13,122	$483K	0.2%	$32.21	—	SH BEN INT	29476L107
—	MERCK & CO INC	14,896	$459K	0.2%	$32.37	—	COM	589331107
SLB	SCHLUMBERGER LTD	6,000	$456K	0.2%	$70.48	—	COM	806857108
BMY	BRISTOL-MYERS SQUIBB CO	18,220	$455K	0.2%	$25.46	—	COM	110122108
IDA	IDACORP INC	14,250	$436K	0.2%	$28.37	—	COM	451107106
—	WALGREEN CO	9,200	$423K	0.2%	$44.42	—	COM	931422109
COP	CONOCOPHILLIPS	7,126	$410K	0.2%	$82.67	—	COM	20825C104
BDX	BECTON DICKINSON & CO	7,500	$394K	0.2%	$58.42	—	COM	075887109
ORCL	ORACLE CORP	29,800	$393K	0.2%	$12.48	—	COM	68389X105
—	PLUM CREEK TIMBER CO INC	9,561	$347K	0.2%	$35.70	—	COM	729251108
—	MFS CHARTER INCOME TR	38,200	$337K	0.2%	$8.50	—	SH BEN INT	552727109
RF	REGIONS FINANCIAL CORP NEW	9,693	$328K	0.1%	$32.40	—	COM	7591EP100
KO	COCA COLA CO	7,378	$308K	0.1%	$41.67	—	COM	191216100
LLY	LILLY ELI & CO	5,250	$292K	0.1%	$52.93	—	COM	532457108
UNP	UNION PAC CORP	4,480	$290K	0.1%	$69.70	—	COM	907818108
—	SHURGARD STORAGE CTRS INC	6,150	$283K	0.1%	$40.98	—	COM	82567D104
—	SAFEWAY INC	11,750	$265K	0.1%	$18.53	—	COM	786514208
PFG	PRINCIPAL FINL GROUP INC	6,321	$265K	0.1%	$38.69	—	COM	74251V102
—	ROYAL DUTCH PETE CO	3,984	$259K	0.1%	$60.04	—	NY REG EUR 0.56	780257804
—	HYPERION TOTAL RETURN & INCO	26,900	$257K	0.1%	$10.04	—	COM	449145101
—	UNITED DOMINION REALTY TR IN	10,000	$241K	0.1%	$20.87	—	COM	910197102
HRB	BLOCK H & R INC	3,795	$221K	0.1%	$58.35	—	COM	093671105
—	CITIGROUP INC	4,732	$219K	0.1%	$44.94	—	COM	172967101
—	DREYFUS MUN INCOME INC COM	23,383	$217K	0.1%	$8.93	—	COM	26201R102
—	SCHERING PLOUGH CORP	11,275	$215K	0.1%	$18.15	—	COM	806605101
—	MANAGED HIGH INCOME PORTFOLI	33,450	$211K	0.1%	$6.10	—	COM	56166C105
—	MORGAN STANLEY HIGH YIELD FD	32,650	$205K	0.1%	$6.05	—	COM	61744M104
—	CREDIT SUISSE ASSET MGMT INC	42,484	$195K	0.1%	$4.48	—	COM	224916106
—	EF JOHNSON TECHNOLOGIES INC	28,400	$192K	0.1%	$8.23	—	COM	26843B101
—	AMERICAN STRATEGIC INCOME II	16,270	$182K	0.1%	$11.68	—	COM	03009T101
—	BLACKROCK INCOME TR INC	26,200	$177K	0.1%	$7.10	—	COM	09247F100
—	VAN KAMPEN VALUE MUN INCOME	11,650	$161K	0.1%	$13.34	—	COM	921132106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$155K	0.1%	$15.02	—	COM	67061W104
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$154K	0.1%	$13.50	—	COM	928708106
—	COLONIAL MUN INCOME TR	25,800	$143K	0.1%	$5.44	—	SH BEN INT	195799101
—	TCW STRATEGIC INCOME FD INC	14,163	$70,957	0.0%	$5.03	—	COM	872340104
—	LUCENT TECHNOLOGIES INC	16,239	$47,256	0.0%	$2.75	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	14,950	$30,349	0.0%	$2.06	—	COM	52729N100