Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCOCORP	3,253,298	$92.36M	63.4%	$28.39	$37.37	—	COM	871829107
—	ALLTEL CORP	149,017	$5.98M	4.1%	$40.13	$61.69	—	COM	020039103
XOM	EXXON MOBIL CORP	129,584	$4.134M	2.8%	$31.90	$58.66	—	COM	30231G102
WFC	WELLS FARGO & CO NEW	79,183	$3.813M	2.6%	$48.16	$42.57	—	COM	949746101
USB	USBANCORPDEL	142,018	$2.639M	1.8%	$18.58	$23.18	—	COM NEW	902973304
CVX	CHEVRONTEXACO CORP	23,628	$1.636M	1.1%	$69.25	$89.61	—	COM	166764100
—	BERKSHIRE HATHAWAY INC DEL	585	$1.442M	1.0%	$2465.00	$2207.70	—	CLB	084670207
—	OPPENHEIMER MULTI-SECTOR INC	178,775	$1.369M	0.9%	$7.66	$8.14	—	SH BEN INT	683933105
CAH	CARDINAL HEALTH INC	19,100	$1.188M	0.8%	$62.20	$65.57	—	COM	14149Y108
MSFT	MICROSOFT CORP	26,738	$1.17M	0.8%	$43.74	$61.00	—	COM	594918104
—	GENERAL ELEC CO	43,768	$1.079M	0.7%	$24.65	$52.89	—	COM	369604103
BSX	BOSTON SCIENTIFIC CORP	35,000	$1.073M	0.7%	$30.66	$19.68	—	COM	101137107
PFE	PFIZERINC	33,169	$963K	0.7%	$29.02	$40.86	—	COM	717081103
—	MFS CHARTER INCOME TR	113,100	$953K	0.7%	$8.43	$8.62	—	SH BEN INT	552727109
AMAT	APPLIED MATLS INC	79,600	$919K	0.6%	$11.55	$29.83	—	COM	038222105
—	MERCK &COINC	18,560	$848K	0.6%	$45.71	$72.37	—	COM	589331107
INTC	INTELCORP	60,560	$841K	0.6%	$13.89	$58.88	—	COM	458140100
—	ZALECORPNEW	26,650	$804K	0.6%	$30.16	$30.12	—	COM	988858106
—	WASHINGTON MUT INC	25,425	$800K	0.5%	$31.47	$36.44	—	COM	939322103
—	GANNETT INC	10,375	$749K	0.5%	$72.18	$58.04	—	COM	364730101
—	CREDIT SUISSE ASSET MGMT INC	156,555	$704K	0.5%	$4.50	$5.84	—	COM	224916106
—	KING PHARMACEUTICALS INC	36,966	$672K	0.5%	$18.17	$22.13	—	CoM	495582108
—	STEWART ENTERPRISES INC	126,942	$647K	0.4%	$5.10	$3.56	—	CL A	860370105
PAYX	PAYCHEX INC	25,825	$627K	0.4%	$24.27	$33.19	—	COM	704326107
—	MOTOROLAINC	60,500	$616K	0.4%	$10.18	$18.46	—	COM	620076109
—	BANK ONE CORP	15,069	$564K	0.4%	$37.40	$38.03	—	COM	06423A103
—	MARATHON OIL CORP	24,750	$561K	0.4%	$22.68	$28.52	—	COM	565849106
CAG	CONAGRA FOODS INC	22,418	$557K	0.4%	$24.85	$20.81	—	COM	205887102
KBH	KBHOME	11,250	$549K	0.4%	$48.84	$32.38	—	COM	48666K109
—	CITIGROUP INC	18,450	$547K	0.4%	$29.65	$57.99	—	COM	172967101
DIS	DISNEY	35,339	$535K	0.4%	$15.14	$19.90	—	COM DISNEY	254687106
—	INGERSOLL-RAND COMPANY LTD	15,450	$532K	0.4%	$34.44	$50.02	—	CLA	G4776G101
—	SUNGARD DATA SYS INC	26,725	$520K	0.4%	$19.45	$28.67	—	COM	867363103
HON	HONEYWELL INTL INC	23,225	$503K	0.3%	$21.66	$32.53	—	COM	438516106
EQR	EQUITY RESIDENTIAL	20,758	$497K	0.3%	$23.94	$37.90	—	SH BEN INT	29476L107
FNMA	FEDERAL NATL MTG ASSN	7,700	$458K	0.3%	$59.54	$60.32	—	COM	313586109
HD	HOME DEPOT INC	17,251	$450K	0.3%	$26.10	$43.21	—	COM	437076102
BMY	BRISTOL MYERS SQUIBB CO	18,020	$429K	0.3%	$23.80	$57.55	—	COM	110122108
—	MANAGED HIGH INCOME PORTFOLI	72,700	$425K	0.3%	$5.85	$8.63	—	COM	56166C105
APD	AIR PRODS & CHEMS INC	9,901	$416K	0.3%	$42.01	$36.00	—	COM	009158106
PFG	PRINCIPAL FINANCIAL GROUP IN	15,546	$407K	0.3%	$26.18	$26.18	—	COM	74251V102
CLX	CLOROX CO DEL	9,850	$396K	0.3%	$40.18	$34.62	—	COM	189054109
—	MORGAN STANLEY HIGH YIELD FD	64,400	$379K	0.3%	$5.89	$11.56	—	COM	61744M104
BDX	BECTON DICKINSON & CO	13,000	$369K	0.3%	$28.40	$28.57	—	COM	075887109
—	SCHERING PLOUGH CORP	16,925	$361K	0.2%	$21.32	$39.51	—	COM	806605101
—	FIRSTDATA CORP	12,750	$356K	0.2%	$27.95	$45.00	—	COM	319963104
—	MAYTAG CORP	15,175	$352K	0.2%	$23.18	$32.39	—	COM	578592107
—	DREYFUS MUN INCOME INC	36,383	$349K	0.2%	$9.60	$7.56	—	COM	26201R102
ZION	ZIONS BANCORPORATION	8,000	$348K	0.2%	$43.53	$47.86	—	COM	989701107
CSCO	CISCOSYSINC	33,216	$348K	0.2%	$10.48	$40.51	—	COM	17275R102
TRN	TRINITY INDS INC	19,900	$328K	0.2%	$16.46	$21.48	—	COM	896522109
—	SAFEWAY INC	14,125	$315K	0.2%	$22.30	$37.13	—	COM NEW	786514208
—	VAN KAMPEN VALUE MUN INCOME	19,850	$307K	0.2%	$15.45	$11.75	—	COM \|	921132106
—	HYPERION TOTAL RETURN & INCO	30,750	$296K	0.2%	$9.63	$8.40	—	COM	449145101
—	BLACKROCK INCOME TR INC	35,800	$294K	0.2%	$8.20	$6.53	—	COM	09247F100
KO	COCACOLACO	5,803	$278K	0.2%	$47.96	$57.49	—	COM	191216100
—	COMPUTER ASSOC INTL INC	26,925	$258K	0.2%	$9.60	$24.80	—	COM	204912109
—	WALGREEN CO	8,200	$252K	0.2%	$30.76	$32.19	—	COM	931422109
ORCL	ORACLE CORP	31,700	$249K	0.2%	$7.86	$29.05	—	COM	68389X105
—	UNOCAL CORP	7,850	$246K	0.2%	$31.39	$36.80	—	COM	915289102
—	AMERICAN STRATEGIC INCOME II	20,070	$245K	0.2%	$12.20	$10.56	—	COM	03009T101
JNJ	JOHNSON & JOHNSON	4,370	$236K	0.2%	$54.08	$50.12	—	COM	478160104
UNP	UNION PAC CORP	4,072	$236K	0.2%	$57.87	$56.19	—	COM	907818108
IBM	INTERNATIONAL BUSINESS MACHS	4,020	$234K	0.2%	$58.31	$92.91	—	COM	459200101
—	COLONIAL MUN INCOME TR	37,800	$228K	0.2%	$6.03	$5.80	—	SH BEN INT	195799101
WDFC	WD-40 CO	7,760	$224K	0.2%	$28.90	$27.76	—	COM	929236107
—	NUVEEN INSD QUALITY MUN FD I	13,600	$223K	0.2%	$16.38	$13.18	—	COM	67062N103
IDA	IDACORPINC	8,580	$209K	0.1%	$24.33	$24.33	—	COM	451107106
—	UNION PLANTERS CORP	7,500	$206K	0.1%	$27.46	$36.61	—	COM	908068109
—	SALOMON BROS HIGH INCOME FD	20,600	$186K	0.1%	$9.04	$12.27	—	COM	79547Q106
—	ZWEIG TOTAL RETURN FD INC	30,950	$184K	0.1%	$5.95	$6.65	—	COM	989837109
TXN	TEXAS INSTRS INC	12,200	$180K	0.1%	$14.77	$30.29	—	COM	882508104
—	UNITED DOMINION REALTY TR IN	11,000	$175K	0.1%	$15.91	$11.00	—	COM	910197102
—	NUVEEN ARIZ PREM INCOME MUN	10,000	$164K	0.1%	$16.36	$14.75	—	COM	67061W104
—	PUTNAM MUN BD ED INC	12,046	$155K	0.1%	$12.89	$12.18	—	SH BEN INT	74683V100
—	ISCO INC	18,030	$153K	0.1%	$8.50	$4.25	—	COM	464268101
—	COLONIAL INVT GRADE MUN TR	13,800	$151K	0.1%	$10.95	$9.00	—	SH BEN INT	195768106
—	LEVEL3 COMMUNICATIONS INC	17,610	$68,503	0.0%	$3.89	$59.63	—	COM	52729N100
—	RITEAID CORP	18,200	$38,220	0.0%	$2.10	$5.51	—	COM	767754104
—	LUCENT TECHNOLOGIES INC:	24,667	$18,747	0.0%	$0.76	$27.26	—	COM	549463107