Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SYY	SYSCOCORP	3,303,298	$89.92M	58.6%	$27.22	$37.37	—	COM	871829107
—	ALLTEL CORP	148,788	$6.993M	4.6%	$47.00	$61.69	—	COM	020039103
XOM	EXXON MOBIL CORP	131,584	$5.384M	3.5%	$40.92	$58.66	—	COM	30231G102
WFC	WELLS FARGO & CO NEW	80,891	$4.049M	2.6%	$50.06	$42.57	—	COM	949746101
USB	USBANCORPDEL	141,032	$3.293M	2.1%	$23.35	$23.18	—	COM NEW	902973304
CVX	CHEVRONTEXACO CORP	24,178	$2.14M	1.4%	$88.50	$89.61	—	COM	166764100
MSFT	MICROSOFT CORP	36,798	$2.013M	1.3%	$54.70	$61.00	—	COM	594918104
AMAT	APPLIED MATLS INC	78,400	$1.491M	1.0%	$19.02	$30.11	—	COM	038222105
—	OPPENHEIMER MULTI-SECTOR INC	184,875	$1.449M	0.9%	$7.84	$8.14	—	SH BEN INT	683933105
—	BERKSHIRE HATHAWAY INC DEL	583	$1.302M	0.8%	$2234.00	$2207.70	—	CLB	084670207
—	GENERAL ELEC CO	43,768	$1.271M	0.8%	$29.05	$52.89	—	COM	369604103
INTC	INTELCORP	69,080	$1.262M	0.8%	$18.27	$58.88	—	COM	458140100
PFE	PFIZERINC	32,969	$1.154M	0.8%	$35.00	$40.86	—	COM	717081103
—	MFS CHARTER INCOME TR	121,950	$1.035M	0.7%	$8.49	$8.62	—	SH BEN INT	552727109
BSX	BOSTON SCIENTIFIC CORP	35,100	$1.029M	0.7%	$29.32	$19.68	—	COM	101137107
—	MERCK &COINC	18,560	$940K	0.6%	$50.64	$72.37	—	COM	589331107
—	CITIGROUP INC	24,100	$934K	0.6%	$38.75	$57.99	—	COM	172967101
—	WASHINGTON MUT INC	25,075	$931K	0.6%	$37.11	$36.51	—	COM	939322103
—	ZALECORPNEW	24,850	$901K	0.6%	$36.25	$30.11	—	COM	988858106
—	MOTOROLAINC	59,900	$874K	0.6%	$14.59	$18.55	—	COM	620076109
—	STEWART ENTERPRISES INC	130,142	$829K	0.5%	$6.37	$3.56	—	CL A	860370105
HON	HONEYWELL INTL INC	23,225	$818K	0.5%	$35.23	$32.53	—	COM	438516106
—	GANNETT INC	10,775	$818K	0.5%	$75.90	$58.04	—	COM	364730101
—	KING PHARMACEUTICALS INC	35,866	$798K	0.5%	$22.25	$22.25	—	CoM	495582108
—	CREDIT SUISSE ASSET MGMT INC	157,189	$758K	0.5%	$4.82	$5.84	—	COM	224916106
—	SUNGARD DATA SYS INC	26,725	$708K	0.5%	$26.48	$28.67	—	COM	867363103
—	INGERSOLL-RAND COMPANY LTD	15,300	$699K	0.5%	$45.66	$50.02	—	CLA	G4776G101
—	MARATHON OIL CORP	24,550	$666K	0.4%	$27.12	$28.52	—	COM	565849106
PAYX	PAYCHEX INC	21,275	$666K	0.4%	$31.29	$35.10	—	COM	704326107
EQR	EQUITY RESIDENTIAL	22,330	$642K	0.4%	$28.75	$37.90	—	SH BEN INT	29476L107
—	MAYTAG CORP	14,975	$639K	0.4%	$42.65	$32.51	—	COM	578592107
CAG	CONAGRA FOODS INC	22,798	$630K	0.4%	$27.65	$20.81	—	COM	205887102
—	BANK ONE CORP	16,169	$622K	0.4%	$38.48	$38.03	—	COM	06423A103
CAH	CARDINAL HEALTH INC	10,000	$614K	0.4%	$61.41	$68.64	—	COM	14149Y108
KBH	KBHOME	11,650	$600K	0.4%	$51.51	$32.38	—	COM	48666K109
HD	HOME DEPOT INC	16,001	$588K	0.4%	$36.73	$44.55	—	COM	437076102
DIS	DISNEY	30,172	$570K	0.4%	$18.90	$20.72	—	COM DISNEY	254687106
FNMA	FEDERAL NATL MTG ASSN	7,700	$568K	0.4%	$73.75	$60.32	—	COM	313586109
—	COMPUTER ASSOC INTL INC	34,950	$555K	0.4%	$15.89	$24.80	—	COM	204912109
TXN	TEXAS INSTRS INC	22,200	$526K	0.3%	$23.70	$30.29	—	COM	882508104
APD	AIR PRODS & CHEMS INC	9,901	$500K	0.3%	$50.47	$36.00	—	COM	009158106
—	FIRSTDATA CORP	12,750	$474K	0.3%	$37.20	$45.00	—	COM	319963104
CSCO	CISCOSYSINC	33,266	$464K	0.3%	$13.95	$40.51	—	COM	17275R102
BMY	BRISTOL MYERS SQUIBB CO	18,020	$463K	0.3%	$25.70	$57.55	—	COM	110122108
—	MANAGED HIGH INCOME PORTFOLI	72,700	$438K	0.3%	$6.02	$8.63	—	COM	56166C105
—	SAFEWAY INC	14,425	$421K	0.3%	$29.19	$37.13	—	COM NEW	786514208
—	SCHERING PLOUGH CORP	16,975	$418K	0.3%	$24.60	$39.51	—	COM	806605101
ZION	ZIONS BANCORPORATION	8,000	$417K	0.3%	$52.10	$47.86	—	COM	989701107
—	MORGAN STANLEY HIGH YIELD FD	67,350	$414K	0.3%	$6.15	$11.56	—	COM	61744M104
TRN	TRINITY INDS INC	19,100	$396K	0.3%	$20.72	$21.69	—	COM	896522109
CLX	CLOROX CO DEL	8,650	$358K	0.2%	$41.35	$33.85	—	COM	189054109
BDX	BECTON DICKINSON & CO	10,300	$355K	0.2%	$34.45	$28.61	—	COM	075887109
KO	COCACOLACO	6,103	$342K	0.2%	$56.00	$57.49	—	COM	191216100
—	DREYFUS MUN INCOME INC	36,383	$335K	0.2%	$9.22	$7.56	—	COM	26201R102
—	WALGREEN CO	8,200	$317K	0.2%	$38.63	$32.19	—	COM	931422109
ORCL	ORACLE CORP	31,700	$300K	0.2%	$9.47	$29.05	—	COM	68389X105
—	VAN KAMPEN VALUE MUN INCOME	19,850	$291K	0.2%	$14.66	$11.75	—	COM \|	921132106
—	BLACKROCK INCOME TR INC	36,300	$284K	0.2%	$7.83	$6.53	—	COM	09247F100
—	UNOCAL CORP	7,650	$283K	0.2%	$36.94	$36.94	—	COM	915289102
—	HYPERION TOTAL RETURN & INCO	28,750	$275K	0.2%	$9.55	$8.32	—	COM	449145101
UNP	UNION PAC CORP	4,072	$258K	0.2%	$63.28	$56.19	—	COM	907818108
—	AMERICAN STRATEGIC INCOME II	20,570	$257K	0.2%	$12.50	$10.56	—	COM	03009T101
IBM	INTERNATIONAL BUSINESS MACHS	3,520	$253K	0.2%	$72.00	$97.82	—	COM	459200101
—	UNION PLANTERS CORP	7,500	$243K	0.2%	$32.37	$36.61	—	COM	908068109
JNJ	JOHNSON & JOHNSON	4,370	$228K	0.1%	$52.26	$50.12	—	COM	478160104
VZ	VERIZON COMMUNICATIONS	5,681	$228K	0.1%	$40.15	$50.90	—	COM	92343V104
—	COLONIAL MUN INCOME TR	37,800	$223K	0.1%	$5.90	$5.80	—	SH BEN INT	195799101
CMA	COMERICAINC	3,534	$217K	0.1%	$61.40	$57.77	—	COM	200340107
—	SHURGARD STORAGE CTRS	6,250	$217K	0.1%	$34.70	$24.44	—	COM	82567D104
WDFC	WD-40 CO	7,760	$215K	0.1%	$27.76	$27.76	—	COM	929236107
—	NUVEEN INSD QUALITY MUN FD I	13,600	$214K	0.1%	$15.76	$13.18	—	COM	67062N103
—	LAFARGE NORTH AMERICA INC	6,050	$213K	0.1%	$35.15	$33.40	—	COM	505862102
—	SALOMON BROS HIGH INCOME FD	20,600	$193K	0.1%	$9.39	$12.27	—	COM	79547Q106
—	ZWEIG TOTAL RETURN FD INC	30,950	$191K	0.1%	$6.17	$6.65	—	COM	989837109
—	UNITED DOMINION REALTY TR IN	11,200	$176K	0.1%	$15.75	$11.00	—	COM	910197102
—	NUVEEN ARIZ PREM INCOME MUN	10,000	$172K	0.1%	$17.18	$14.75	—	COM	67061W104
—	ISCO INC	18,030	$167K	0.1%	$9.24	$4.25	—	COM	464268101
—	PUTNAM MUN BD ED INC	12,046	$154K	0.1%	$12.75	$12.18	—	SH BEN INT	74683V100
—	COLONIAL INVT GRADE MUN TR	13,800	$147K	0.1%	$10.68	$9.00	—	SH BEN INT	195768106
—	RITEAID CORP	39,500	$92,825	0.1%	$2.35	$5.51	—	COM	767754104
—	LUCENT TECHNOLOGIES INC:	36,849	$61,169	0.0%	$1.66	$27.26	—	COM	549463107
—	LEVEL3 COMMUNICATIONS INC	16,010	$47,230	0.0%	$2.95	$65.20	—	COM	52729N100
—	EF JOHNSON TECHNOLOGIES INC	11,048	$12,484	0.0%	$1.13	$1.13	—	COM	26843B101