Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$113M	52.4%	$35.80	$37.37	—	COM	871829107
—	ALLTEL CORP	176,907	$9.703M	4.5%	$54.85	$60.33	—	COM	020039103
XOM	EXXON MOBIL CORP	127,552	$7.602M	3.5%	$59.60	$58.31	—	COM	30231G102
WFC	WELLS FARGO CO NEW	89,702	$5.364M	2.5%	$59.80	$44.77	—	COM	949746101
USB	US BANCORP DEL	177,458	$5.114M	2.4%	$28.82	$25.41	—	COM NEW	902973304
—	SUNGARD DATA SYS INC	96,675	$3.335M	1.5%	$34.50	$25.82	—	COM	867363103
PFE	PFIZER INC	111,422	$2.927M	1.4%	$26.27	$32.59	—	COM	717081103
—	BERKSHIRE HATHAWAY INC DEL	1,017	$2.905M	1.3%	$2856.00	$2505.41	—	CL B	084670207
CVX	CHEVRON CORP NEW	49,700	$2.898M	1.3%	$58.31	$70.74	—	COM	166764100
HD	HOME DEPOT INC	69,176	$2.645M	1.2%	$38.24	$40.04	—	COM	437076102
CAH	CARDINAL HEALTH INC	44,025	$2.457M	1.1%	$55.80	$53.58	—	COM	14149Y108
MSFT	MICROSOFT CORP	96,381	$2.33M	1.1%	$24.17	$36.64	—	COM	594918104
—	GENERAL ELECTRIC CO	62,572	$2.256M	1.0%	$36.06	$46.53	—	COM	369604103
—	UNOCAL CORP	34,192	$2.109M	1.0%	$61.69	$41.58	—	COM	915289102
—	AMERICAN INTL GROUP INC	36,377	$2.016M	0.9%	$55.41	$67.99	—	COM	026874107
AMAT	APPLIED MATLS INC	123,025	$1.999M	0.9%	$16.25	$24.67	—	COM	038222105
CL	COLGATE PALMOLIVE CO	37,825	$1.973M	0.9%	$52.17	$46.17	—	COM	194162103
JNJ	JOHNSON & JOHNSON	28,335	$1.903M	0.9%	$67.16	$55.32	—	COM	478160104
—	WASHINGTON MUT INC	48,025	$1.897M	0.9%	$39.50	$37.73	—	COM	939322103
INTC	INTEL CORP	81,160	$1.885M	0.9%	$23.23	$48.55	—	COM	458140100
PAYX	PAYCHEX INC	57,300	$1.881M	0.9%	$32.82	$31.95	—	COM	704326107
CAG	CONAGRA BRANDS INC	68,868	$1.861M	0.9%	$27.02	$24.23	—	COM	205887102
—	GANNETT INC	21,800	$1.724M	0.8%	$79.08	$70.55	—	COM	364730101
DIS	DISNEY WALT CO	56,740	$1.63M	0.8%	$28.73	$22.36	—	COM DISNEY	254687106
NWL	NEWELL BRANDS INC	72,450	$1.59M	0.7%	$21.94	$20.97	—	COM	651229106
—	ZALE CORP	51,400	$1.528M	0.7%	$29.72	$29.22	—	COM	988858106
—	MARATHON OIL CORP	32,050	$1.504M	0.7%	$46.92	$31.91	—	COM	565849106
—	FIRST DATA CORP	34,900	$1.372M	0.6%	$39.31	$43.29	—	COM	319963104
—	MOTOROLA INC	87,750	$1.314M	0.6%	$14.97	$16.52	—	COM	620076109
—	INGERSOLL-RAND COMPANY LTD	15,025	$1.197M	0.6%	$79.65	$49.59	—	CL A	G4776G101
WDFC	WD-40 CO	33,135	$1.077M	0.5%	$32.49	$29.07	—	COM	929236107
HON	HONEYWELL INTL INC	26,875	$1M	0.5%	$37.21	$32.70	—	COM	438516106
—	SAFECO CORP	19,200	$935K	0.4%	$48.71	$45.79	—	COM	786429100
—	STEWART ENTERPRISES INC	145,559	$895K	0.4%	$6.15	$3.96	—	CL A	860370105
IBM	INTERNATIONAL BUSINESS MACHS	9,275	$848K	0.4%	$91.38	$88.47	—	COM	459200101
CSCO	CISCO SYS INC	42,116	$753K	0.3%	$17.89	$35.27	—	COM	17275R102
JPM	JPMORGAN CHASE & CO	21,255	$735K	0.3%	$34.60	$39.36	—	COM	46625H100
—	KING PHARMACEUTICALS INC	88,216	$733K	0.3%	$8.31	$16.18	—	COM	495582108
TXN	TEXAS INSTRS INC	28,550	$728K	0.3%	$25.49	$26.43	—	COM	882508104
—	COMPUTER ASSOC INTL INC	26,400	$715K	0.3%	$27.10	$24.84	—	COM	204912109
APD	AIR PRODS & CHEMS INC	11,301	$715K	0.3%	$63.29	$38.28	—	COM	009158106
—	DIAMOND OFFSHORE DRILLING IN	14,325	$715K	0.3%	$49.90	$32.99	—	COM	25271C102
ZION	ZIONS BANCORPORATION N A	9,400	$649K	0.3%	$69.02	$46.22	—	COM	989701107
—	OPPENHEIMER MULTI-SECTOR INC	65,750	$603K	0.3%	$9.17	$8.14	—	SH BEN INT	683933105
CLX	CLOROX CO DEL	9,550	$602K	0.3%	$62.99	$34.62	—	COM	189054109
BMY	BRISTOL-MYERS SQUIBB CO	20,720	$528K	0.2%	$25.46	$51.75	—	COM	110122108
BSX	BOSTON SCIENTIFIC CORP	17,850	$523K	0.2%	$29.29	$29.29	—	COM	101137107
—	MERCK & CO INC	14,896	$482K	0.2%	$32.37	$68.09	—	COM	589331107
BDX	BECTON DICKINSON & CO	7,700	$450K	0.2%	$58.42	$30.49	—	COM	075887109
SLB	SCHLUMBERGER LTD	6,200	$437K	0.2%	$70.48	$42.09	—	COM	806857108
TRN	TRINITY INDS INC	15,325	$432K	0.2%	$28.17	$23.39	—	COM	896522109
EQR	EQUITY RESIDENTIAL	13,122	$423K	0.2%	$32.21	$37.90	—	SH BEN INT	29476L107
—	WALGREEN CO	9,500	$422K	0.2%	$44.42	$32.69	—	COM	931422109
WMT	WALMART INC	8,341	$418K	0.2%	$50.11	$52.28	—	COM	931142103
—	DPL INC	16,600	$415K	0.2%	$25.00	$16.95	—	COM	233293109
IDA	IDACORP INC	14,430	$409K	0.2%	$28.37	$26.03	—	COM	451107106
—	MFS CHARTER INCOME TR	47,200	$401K	0.2%	$8.50	$8.62	—	SH BEN INT	552727109
COP	CONOCOPHILLIPS	3,563	$384K	0.2%	$107.84	$82.85	—	COM	20825C104
ORCL	ORACLE CORP	29,800	$372K	0.2%	$12.48	$29.05	—	COM	68389X105
—	PLUM CREEK TIMBER CO INC	9,761	$348K	0.2%	$35.70	$35.03	—	COM	729251108
RF	REGIONS FINANCIAL CORP NEW	9,693	$314K	0.1%	$32.40	$33.06	—	COM	7591EP100
UNP	UNION PAC CORP	4,480	$312K	0.1%	$69.70	$56.47	—	COM	907818108
KO	COCA COLA CO	7,378	$307K	0.1%	$41.67	$51.40	—	COM	191216100
—	HYPERION TOTAL RETURN & INCO	27,900	$280K	0.1%	$10.04	$8.40	—	COM	449145101
BP	BP PLC	4,090	$255K	0.1%	$62.40	$57.53	—	SPONSORED ADR	055622104
—	SHURGARD STORAGE CTRS INC	6,150	$252K	0.1%	$40.98	$38.88	—	COM	82567D104
—	ROYAL DUTCH PETE CO	3,984	$239K	0.1%	$60.04	$51.60	—	NY REG EUR 0.56	780257804
—	EF JOHNSON TECHNOLOGIES INC	28,400	$234K	0.1%	$8.23	$6.15	—	COM	26843B101
PFG	PRINCIPAL FINL GROUP INC	5,948	$229K	0.1%	$38.49	$26.18	—	COM	74251V102
—	SAFEWAY INC	11,850	$220K	0.1%	$18.53	$34.40	—	COM	786514208
—	UNITED DOMINION REALTY TR IN	10,500	$219K	0.1%	$20.87	$11.00	—	COM	910197102
—	MORGAN STANLEY HIGH YIELD FD	35,750	$216K	0.1%	$6.05	$11.56	—	COM	61744M104
—	CITIGROUP INC	4,732	$213K	0.1%	$44.94	$57.64	—	COM	172967101
LLY	LILLY ELI & CO	4,050	$211K	0.1%	$52.10	$52.10	—	COM	532457108
—	CREDIT SUISSE ASSET MGMT INC	47,036	$211K	0.1%	$4.48	$5.84	—	COM	224916106
—	DREYFUS MUN INCOME INC COM	23,383	$209K	0.1%	$8.93	$7.56	—	COM	26201R102
—	SCHERING PLOUGH CORP	11,475	$208K	0.1%	$18.15	$39.51	—	COM	806605101
—	MANAGED HIGH INCOME PORTFOLI	33,950	$207K	0.1%	$6.10	$8.63	—	COM	56166C105
PPG	PPG INDS INC	2,894	$207K	0.1%	$71.52	$71.52	—	COM	693506107
—	BLACKROCK INCOME TR INC	28,700	$204K	0.1%	$7.10	$6.53	—	COM	09247F100
—	AMERICAN STRATEGIC INCOME II	16,270	$190K	0.1%	$11.68	$10.56	—	COM	03009T101
—	VAN KAMPEN VALUE MUN INCOME	11,650	$155K	0.1%	$13.34	$11.75	—	COM	921132106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$150K	0.1%	$15.02	$14.75	—	COM	67061W104
—	COLONIAL MUN INCOME TR	25,800	$140K	0.1%	$5.44	$5.80	—	SH BEN INT	195799101
—	VOLTERRA SEMICONDUCTOR CORP	10,333	$139K	0.1%	$13.50	$13.50	—	COM	928708106
—	RITE AID CORP COM	19,200	$76,032	0.0%	$3.96	$5.41	—	COM	767754104
—	TCW STRATEGIC INCOME FD INC	14,163	$71,240	0.0%	$5.03	$4.84	—	COM	872340104
—	LUCENT TECHNOLOGIES INC	16,239	$44,658	0.0%	$2.75	$27.26	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	15,650	$32,239	0.0%	$2.06	$59.63	—	COM	52729N100