Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SYY	SYSCO CORP	3,157,834	$121M	50.2%	$29.92	—	COM	871829107
NNI	NELNET INC	624,336	$16.81M	7.0%	$22.38	—	CL A	64031N108
—	ALLTEL CORP	173,250	$10.18M	4.2%	$54.91	—	COM	020039103
USB	US BANCORP DEL	212,718	$6.662M	2.8%	$28.90	—	COM NEW	902973304
XOM	EXXON MOBIL CORP	127,952	$6.559M	2.7%	$48.33	—	COM	30231G102
WFC	WELLS FARGO CO NEW	87,361	$5.429M	2.3%	$59.63	—	COM	949746101
—	BERKSHIRE HATHAWAY INC DEL	1,017	$2.986M	1.2%	$2888.26	—	CL B	084670207
HD	HOME DEPOT INC	65,876	$2.816M	1.2%	$39.42	—	COM	437076102
—	SUNGARD DATA SYS INC	92,725	$2.627M	1.1%	$24.04	—	COM	867363103
CVX	CHEVRON CORP NEW	49,700	$2.61M	1.1%	$53.64	—	COM	166764100
PFE	PFIZER INC	95,522	$2.569M	1.1%	$30.60	—	COM	717081103
MSFT	MICROSOFT CORP	92,331	$2.467M	1.0%	$27.61	—	COM	594918104
CAH	CARDINAL HEALTH INC	42,175	$2.452M	1.0%	$43.77	—	COM	14149Y108
—	AMERICAN INTL GROUP INC	36,377	$2.389M	1.0%	$67.99	—	COM	026874107
—	GENERAL ELECTRIC CO	57,162	$2.086M	0.9%	$33.58	—	COM	369604103
—	WASHINGTON MUT INC	47,725	$2.018M	0.8%	$39.11	—	COM	939322103
AMAT	APPLIED MATLS INC	115,225	$1.97M	0.8%	$16.51	—	COM	038222105
CL	COLGATE PALMOLIVE CO	37,625	$1.925M	0.8%	$46.17	—	COM	194162103
CAG	CONAGRA BRANDS INC	62,868	$1.851M	0.8%	$25.71	—	COM	205887102
PAYX	PAYCHEX INC	53,750	$1.832M	0.8%	$30.57	—	COM	704326107
JNJ	JOHNSON & JOHNSON	28,635	$1.816M	0.8%	$56.54	—	COM	478160104
—	GANNETT INC	21,800	$1.781M	0.7%	$82.67	—	COM	364730101
INTC	INTEL CORP	74,670	$1.747M	0.7%	$20.06	—	COM	458140100
NWL	NEWELL BRANDS INC	65,950	$1.595M	0.7%	$20.87	—	COM	651229106
—	ZALE CORP	51,400	$1.535M	0.6%	$28.10	—	COM	988858106
—	UNOCAL CORP	34,192	$1.478M	0.6%	$43.00	—	COM	915289102
DIS	DISNEY WALT CO	53,040	$1.475M	0.6%	$23.64	—	COM DISNEY	254687106
—	MOTOROLA INC	85,250	$1.466M	0.6%	$17.94	—	COM	620076109
—	FIRST DATA CORP	29,200	$1.242M	0.5%	$43.41	—	COM	319963104
—	MARATHON OIL CORP	32,700	$1.23M	0.5%	$41.28	—	COM	565849106
—	INGERSOLL-RAND COMPANY LTD	15,025	$1.207M	0.5%	$67.97	—	CL A	G4776G101
—	OPPENHEIMER MULTI-SECTOR INC	129,425	$1.147M	0.5%	$8.36	—	SH BEN INT	683933105
—	KING PHARMACEUTICALS INC	88,216	$1.094M	0.5%	$11.94	—	COM	495582108
—	STEWART ENTERPRISES INC	145,497	$1.017M	0.4%	$6.95	—	CL A	860370105
—	SAFECO CORP	18,350	$959K	0.4%	$45.65	—	COM	786429100
HON	HONEYWELL INTL INC	26,975	$955K	0.4%	$35.86	—	COM	438516106
IBM	INTERNATIONAL BUSINESS MACHS	9,475	$934K	0.4%	$85.74	—	COM	459200101
—	COMPUTER ASSOC INTL INC	26,400	$820K	0.3%	$26.30	—	COM	204912109
WDFC	WD-40 CO	27,285	$775K	0.3%	$28.57	—	COM	929236107
JPM	JPMORGAN CHASE & CO	19,735	$770K	0.3%	$39.73	—	COM	46625H100
CSCO	CISCO SYS INC	36,966	$714K	0.3%	$18.16	—	COM	17275R102
TXN	TEXAS INSTRS INC	28,550	$703K	0.3%	$22.65	—	COM	882508104
—	MFS CHARTER INCOME TR	75,450	$665K	0.3%	$8.77	—	SH BEN INT	552727109
APD	AIR PRODS & CHEMS INC	11,301	$655K	0.3%	$54.38	—	COM	009158106
ZION	ZIONS BANCORPORATION N A	9,400	$639K	0.3%	$61.04	—	COM	989701107
—	DIAMOND OFFSHORE DRILLING IN	14,325	$574K	0.2%	$32.99	—	COM	25271C102
CLX	CLOROX CO DEL	9,550	$563K	0.2%	$53.30	—	COM	189054109
BMY	BRISTOL-MYERS SQUIBB CO	21,720	$556K	0.2%	$23.67	—	COM	110122108
TRN	TRINITY INDS INC	15,325	$522K	0.2%	$31.17	—	COM	896522109
—	MERCK & CO INC	15,096	$485K	0.2%	$32.95	—	COM	589331107
EQR	EQUITY RESIDENTIAL	13,122	$475K	0.2%	$31.00	—	SH BEN INT	29476L107
IDA	IDACORP INC	14,430	$441K	0.2%	$29.06	—	COM	451107106
BDX	BECTON DICKINSON & CO	7,700	$437K	0.2%	$51.70	—	COM	075887109
—	MANAGED HIGH INCOME PORTFOLI	65,650	$431K	0.2%	$6.76	—	COM	56166C105
—	DPL INC	16,600	$417K	0.2%	$20.58	—	COM	233293109
SLB	SCHLUMBERGER LTD	6,200	$415K	0.2%	$67.31	—	COM	806857108
ORCL	ORACLE CORP	29,800	$409K	0.2%	$11.28	—	COM	68389X105
—	CREDIT SUISSE ASSET MGMT INC	87,284	$388K	0.2%	$4.57	—	COM	224916106
—	PLUM CREEK TIMBER CO INC	9,761	$375K	0.2%	$35.03	—	COM	729251108
—	WALGREEN CO	9,500	$365K	0.2%	$35.83	—	COM	931422109
RF	REGIONS FINANCIAL CORP NEW	9,943	$354K	0.1%	$33.06	—	COM	7591EP100
WMT	WALMART INC	5,941	$314K	0.1%	$53.16	—	COM	931142103
COP	CONOCOPHILLIPS	3,563	$309K	0.1%	$82.85	—	COM	20825C104
UNP	UNION PAC CORP	4,480	$301K	0.1%	$58.60	—	COM	907818108
—	HYPERION TOTAL RETURN & INCO	27,900	$279K	0.1%	$9.94	—	COM	449145101
KO	COCA COLA CO	6,578	$274K	0.1%	$40.05	—	COM	191216100
—	SHURGARD STORAGE CTRS INC	6,150	$271K	0.1%	$38.88	—	COM	82567D104
—	MORGAN STANLEY HIGH YIELD FD	41,450	$270K	0.1%	$6.51	—	COM	61744M104
—	UNITED DOMINION REALTY TR IN	10,500	$260K	0.1%	$19.83	—	COM	910197102
—	SCHERING PLOUGH CORP	11,675	$244K	0.1%	$19.06	—	COM	806605101
PFG	PRINCIPAL FINL GROUP INC	5,948	$244K	0.1%	$35.97	—	COM	74251V102
—	SAFEWAY INC	12,150	$240K	0.1%	$19.31	—	COM	786514208
BP	BP PLC	4,090	$239K	0.1%	$57.53	—	SPONSORED ADR	055622104
—	DREYFUS MUN INCOME INC COM	23,383	$234K	0.1%	$10.25	—	COM	26201R102
—	ROYAL DUTCH PETE CO	3,984	$229K	0.1%	$51.60	—	NY REG EUR 0.56	780257804
—	CITIGROUP INC	4,732	$228K	0.1%	$44.12	—	COM	172967101
VZ	VERIZON COMMUNICATIONS INC	5,239	$212K	0.1%	$39.38	—	COM	92343V104
—	BLACKROCK INCOME TR INC	28,700	$206K	0.1%	$7.46	—	COM	09247F100
—	EF JOHNSON TECHNOLOGIES INC	21,048	$205K	0.1%	$6.71	—	COM	26843B101
—	AMERICAN STRATEGIC INCOME II	16,270	$200K	0.1%	$12.54	—	COM	03009T101
—	COLONIAL MUN INCOME TR	29,500	$168K	0.1%	$5.65	—	SH BEN INT	195799101
—	VAN KAMPEN VALUE MUN INCOME	11,650	$161K	0.1%	$14.59	—	COM	921132106
—	NUVEEN ARIZONA QLTY MUN INC	10,000	$152K	0.1%	$16.61	—	COM	67061W104
—	TCW STRATEGIC INCOME FD INC	14,163	$75,914	0.0%	$4.84	—	COM	872340104
—	RITE AID CORP COM	19,200	$70,272	0.0%	$3.52	—	COM	767754104
—	ZWEIG TOTAL RETURN FD INC	12,146	$64,981	0.0%	$5.30	—	COM	989837109
—	LUCENT TECHNOLOGIES INC	16,239	$61,059	0.0%	$3.17	—	COM	549463107
—	LEVEL 3 COMMUNICATIONS INC	16,650	$56,444	0.0%	$2.59	—	COM	52729N100