Lodestar Investment Counsel

Lodestar Investment Counsel as of Dec. 31, 2011

Portfolio Holdings for Lodestar Investment Counsel

Lodestar Investment Counsel holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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                                                                  FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

3M Company                     COM              88579Y101    14938   182767 SH       DEFINED 01                               182767
AT^T Inc Com                   COM              00206R102     6231   206054 SH       DEFINED 01                               206054
Abbott Laboratories            COM              002824100    12506   222413 SH       DEFINED 01                               222413
Accenture Ltd Cl A             COM              g1151c101    15725   295420 SH       DEFINED 01                               295420
Alcoa                          COM              013817101      211    24437 SH       DEFINED 01                                24437
Altria Group                   COM              02209S103      234     7900 SH       DEFINED 01                                 7900
American Express               COM              025816109     3422    72550 SH       DEFINED 01                                72550
Apple Inc.                     COM              037833100      317      782 SH       DEFINED 01                                  782
Automatic Data Processing      COM              053015103     1484    27475 SH       DEFINED 01                                27475
BP PLC                         COM              055622104      499    11680 SH       DEFINED 01                                11680
Berkshire Hathaway             COM              084670108      459        4 SH       DEFINED 01                                    4
Berkshire Hathaway Cl B        COM              084670702      609     7981 SH       DEFINED 01                                 7981
Chevron Corporation            COM              166764100      735     6912 SH       DEFINED 01                                 6912
Chubb Corporation              COM              171232101      564     8150 SH       DEFINED 01                                 8150
Cisco Systems                  COM              17275R102      213    11765 SH       DEFINED 01                                11765
Coca Cola                      COM              191216100    16990   242820 SH       DEFINED 01                               242820
Cognizant Class A Shares       COM              192446102      281     4370 SH       DEFINED 01                                 4370
Colgate Palmolive Company      COM              194162103      485     5250 SH       DEFINED 01                                 5250
ConocoPhillips                 COM              20825C104     1977    27137 SH       DEFINED 01                                27137
Costco Wholesale Corporation   COM              22160K105     1104    13250 SH       DEFINED 01                                13250
Dollar Tree Stores Com         COM              256746108      316     3800 SH       DEFINED 01                                 3800
Dover Corporation              COM              260003108     2241    38610 SH       DEFINED 01                                38610
Dow Chemical                   COM              260543103      276     9605 SH       DEFINED 01                                 9605
Dun & Bradstreet               COM              26483E100      260     3475 SH       DEFINED 01                                 3475
Eli Lilly & Company            COM              532457108      513    12350 SH       DEFINED 01                                12350
Emerson Electric               COM              291011104     1527    32770 SH       DEFINED 01                                32770
EnCana Corporation             COM              292505104     1885   101705 SH       DEFINED 01                               101705
Exelon Corp.                   COM              30161N101     4242    97800 SH       DEFINED 01                                97800
Exxon Mobil Corp               COM              30231g102    19181   226299 SH       DEFINED 01                               226299
Fiserv Inc.                    COM              337738108      974    16575 SH       DEFINED 01                                16575
General Electric               COM              369604103     9751   544450 SH       DEFINED 01                               544450
Genoil Inc.                    COM              371924101        2    15000 SH       DEFINED 01                                15000
Google Inc Cl A                COM              38259P508      234      363 SH       DEFINED 01                                  363
H^R Block                      COM              093671105      163    10000 SH       DEFINED 01                                10000
Home Depot                     COM              437076102      269     6403 SH       DEFINED 01                                 6403
Hugoton Royalty Trust          COM              444717102     2327   123500 SH       DEFINED 01                               123500
Illinois Tool Works Inc        COM              452308109     9234   197686 SH       DEFINED 01                               197686
Intel                          COM              458140100    14087   580912 SH       DEFINED 01                               580912
International Business Machine COM              459200101     3855    20965 SH       DEFINED 01                                20965
Intuitive Surgical Inc Com New COM              46120E602      232      500 SH       DEFINED 01                                  500
JP Morgan Chase & Company      COM              46625H100      695    20900 SH       DEFINED 01                                20900
Johnson & Johnson              COM              478160104    15767   240417 SH       DEFINED 01                               240417
Johnson Controls               COM              478366107      364    11635 SH       DEFINED 01                                11635
Kellogg                        COM              487836108     5608   110900 SH       DEFINED 01                               110900
Kimberly Clark Corp            COM              494368103     1452    19745 SH       DEFINED 01                                19745
Kinder Morgan Energy Partners  COM              494550106     3300    38850 SH       DEFINED 01                                38850
Kinder Morgan Management LLC   COM              49455U100     3083    39270 SH       DEFINED 01                                39270
Kohl's Corp.                   COM              500255104     9362   189705 SH       DEFINED 01                               189705
Koninklijke Philips Electronic COM              500472303      652    31110 SH       DEFINED 01                                31110
Laclede Group Inc Com          COM              505597104      242     5990 SH       DEFINED 01                                 5990
Lowes Companies Inc.           COM              548661107     5666   223250 SH       DEFINED 01                               223250
Marathon Oil Corporation       COM              565849106      268     9146 SH       DEFINED 01                                 9146
Marsh & McLennan               COM              571748102      618    19535 SH       DEFINED 01                                19535
McDonalds Corp.                COM              580135101     2221    22141 SH       DEFINED 01                                22141
Medco Health Solutions Com     COM              58405U102      431     7706 SH       DEFINED 01                                 7706
Merck & Co.                    COM              58933Y105      513    13612 SH       DEFINED 01                                13612
Microsoft Corporation          COM              594918104    12568   484134 SH       DEFINED 01                               484134
Mueller Water Prods Inc Com    COM              624758108       32    13304 SH       DEFINED 01                                13304
Nestle S.A. Registered Voting  COM              641069406    22331   386704 SH       DEFINED 01                               386704
Northern Trust Co.             COM              665859104     6716   169340 SH       DEFINED 01                               169340
Oracle Corp.                   COM              68389X105     6696   261048 SH       DEFINED 01                               261048
Pepsico                        COM              713448108     6244    94111 SH       DEFINED 01                                94111
Pfizer                         COM              717081103     4969   229598 SH       DEFINED 01                               229598
Philip Morris Intl Inc.        COM              718172109     2113    26925 SH       DEFINED 01                                26925
Plum Creek Timber              COM              729251108     1027    28100 SH       DEFINED 01                                28100
Procter & Gamble               COM              742718109    12087   181194 SH       DEFINED 01                               181194
Royal Dutch Shell PLC Spons AD COM              780259107     3966    52175 SH       DEFINED 01                                52175
Schlumberger Ltd.              COM              806857108      630     9228 SH       DEFINED 01                                 9228
Sherwin Williams Co            COM              824348106      723     8100 SH       DEFINED 01                                 8100
Simon Property Group New Com R COM              828806109      215     1666 SH       DEFINED 01                                 1666
Southern Company               COM              842587107     6572   141967 SH       DEFINED 01                               141967
Starwood Property Trust        COM              85571B105     2386   128925 SH       DEFINED 01                               128925
Stryker Corporation            COM              863667101     8885   178740 SH       DEFINED 01                               178740
Sysco Corp                     COM              871829107    10334   352350 SH       DEFINED 01                               352350
Teva Pharmaceutical            COM              881624209      298     7395 SH       DEFINED 01                                 7395
The Hershey Company            COM              427866108      782    12660 SH       DEFINED 01                                12660
Travelers Companies Com        COM              89417E109     4327    73125 SH       DEFINED 01                                73125
UGI Corp New Com               COM              902681105      250     8500 SH       DEFINED 01                                 8500
Union Pacific                  COM              907818108      233     2200 SH       DEFINED 01                                 2200
United Parcel Service          COM              911312106     3200    43725 SH       DEFINED 01                                43725
United Technologies Corporatio COM              913017109      336     4601 SH       DEFINED 01                                 4601
Verizon Communications, Inc.   COM              92343V104      205     5115 SH       DEFINED 01                                 5115
Viacom Inc New Cl B            COM              92553P201     1596    35137 SH       DEFINED 01                                35137
Vodafone Group PLC             COM              92857W209     7488   267132 SH       DEFINED 01                               267132
W.W. Grainger                  COM              384802104     1313     7015 SH       DEFINED 01                                 7015
WGL Hldgs Inc Com              COM              92924F106      261     5900 SH       DEFINED 01                                 5900
Wal-Mart Stores Inc            COM              931142103    14901   249354 SH       DEFINED 01                               249354
Walgreen Co                    COM              931422109     6131   185464 SH       DEFINED 01                               185464
Walt Disney Company            COM              254687106    14642   390462 SH       DEFINED 01                               390462
Waste Management Inc Del       COM              94106L109      769    23507 SH       DEFINED 01                                23507
Western Union Co Com           COM              959802109     1108    60700 SH       DEFINED 01                                60700
Wisconsin Energy               COM              976657106      350    10003 SH       DEFINED 01                                10003
IShares Tr Dow Jones Select Di FUND             464287168      229     4250 SH       DEFINED 01                                 4250
IShares Tr MSCI EAFE Index     FUND             464287465     1803    36400 SH       DEFINED 01                                36400
IShares Tr MSCI Emerging Marke FUND             464287234     3019    79575 SH       DEFINED 01                                79575
IShares Tr Russell 2000        FUND             464287655      564     7650 SH       DEFINED 01                                 7650
Ishares Trust Dow Jones Us Tec FUND             464287721      218     3404 SH       DEFINED 01                                 3404
Japan Equity Fund              FUND             471057109       59    11867 SH       DEFINED 01                                11867
SPDR Gold Trust                FUND             78463V107     1614    10617 SH       DEFINED 01                                10617
SPDR S^P 500 ETF Trust Unit Se FUND             78462F103      971     7735 SH       DEFINED 01                                 7735
SPDR Utilities Select SBI      FUND             81369Y886      632    17558 SH       DEFINED 01                                17558
Vanguard Total Stock Market ET FUND             922908769      359     5590 SH       DEFINED 01                                 5590