MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH as of Sept. 30, 2012

Portfolio Holdings for MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH holds 0 positions in its portfolio as reported in the September 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE

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 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
3M CO                           COM       88579Y101   1.151       12421 SHS          Sole                12421
ABBOTT LABS                     COM       002824100   11.361     165392 SHS          Sole               165392
ABERCROMBIE & FITCH CO          CL A      002896207   73           2155 SHS          Sole                 2155
ACCO BRANDS CORP                COM       00081T108   18           2803 SHS          Sole                 2803
ADOBE SYS INC                   COM       00724F101   60           1825 SHS          Sole                 1825
ADVANCED MICRO DEVICES INC      COM       007903107   74          21622 SHS          Sole                21622
AETNA INC NEW                   COM       00817Y108   253          6396 SHS          Sole                 6396
AGILENT TECHNOLOGIES INC        COM       00846U101   154          4000 SHS          Sole                 4000
AGNICO EAGLE MINES LTD          COM       008474108   2.351       45000 SHS          Sole                45000
AGRIUM INC                      COM       008916108   4.440       43000 SHS          Sole                43000
AIR PRODS & CHEMS INC           COM       009158106   413          5000 SHS          Sole                 5000
ALCOA INC                       COM       013817101   62           7000 SHS          Sole                 7000
ALTRIA GROUP INC                COM       02209S103   5.606      168457 SHS          Sole               168457
AMEREN CORP                     COM       023608102   3.544      108591 SHS          Sole               108591
AMERICAN EXPRESS CO             COM       025816109   8.047      140800 SHS          Sole               140800
AMERICAN INTL GROUP INC         COM NEW   026874784   717         21787 SHS          Sole                21787
                                       3<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
AMERISOURCEBERGEN CORP          COM       03073E105   2.682       68900 SHS          Sole                68900
AMGEN INC                       COM       031162100   4.580       54294 SHS          Sole                54294
APOLLO GROUP INC                CL A      037604105   8.978      306846 SHS          Sole               306846
APPLE INC                       COM       037833100   49.093      73039 SHS          Sole                73039
APPLIED MATLS INC               COM       038222105   11.313    1008251 SHS          Sole              1008251
ARCHER DANIELS MIDLAND CO       COM       039483102   137          5000 SHS          Sole                 5000
ASSURANT INC                    COM       04621X108   190          5082 SHS          Sole                 5082
AT^T INC                        COM       00206R102   18.315     483886 SHS          Sole               483886
AUTODESK INC                    COM       052769106   235          7000 SHS          Sole                 7000
AUTOMATIC DATA PROCESSING IN    COM       053015103   62           1059 SHS          Sole                 1059
AVALONBAY CMNTYS INC            COM       053484101   13.796     101400 SHS          Sole               101400
AVON PRODS INC                  COM       054303102   241         15000 SHS          Sole                15000
BAKER HUGHES INC                COM       057224107   153          3388 SHS          Sole                 3388
BANCO BRADESCO S A              SP ADR
                                PFD NEW   059460303   2.791      175000 SHS          Sole               175000
BANCO SANTANDER BRASIL S A      ADS REP
                                1 UNIT    05967A107   1.404      190000 SHS          Sole               190000
BANK MONTREAL QUE               COM       063671101   8.870      150000 SHS          Sole               150000
BANK NOVA SCOTIA HALIFAX        COM       064149107   18.167     330000 SHS          Sole               330000
BARRICK GOLD CORP               COM       067901108   11.531     276000 SHS          Sole               276000
BAXTER INTL INC                 COM       071813109   3.930       65169 SHS          Sole                65169
BB^T CORP                       COM       054937107   1.199       36100 SHS          Sole                36100
BCE INC                         COM NEW   05534B760   7.529      170000 SHS          Sole               170000
                                       4<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
BECTON DICKINSON & CO           COM       075887109   2.767       35148 SHS          Sole                35148
BERKSHIRE HATHAWAY INC DEL      CL B NEW  084670702   1.410       15954 SHS          Sole                15954
BIOGEN IDEC INC                 COM       09062X103   2.229       14900 SHS          Sole                14900
BMC SOFTWARE INC                COM       055921100   61           1457 SHS          Sole                 1457
BOEING CO                       COM       097023105   1.567       22402 SHS          Sole                22402
BOSTON PROPERTIES INC           COM       101121101   14.600     131600 SHS          Sole               131600
BOSTON SCIENTIFIC CORP          COM       101137107   2.412      428430 SHS          Sole               428430
BRF-BRASIL FOODS S A            SPONSORED
                                ADR       10552T107   2.057      120000 SHS          Sole               120000
BRISTOL MYERS SQUIBB CO         COM       110122108   5.962      176193 SHS          Sole               176193
BROOKFIELD ASSET MGMT INC       CL A LTD
                                VT SH     112585104   5.904      170000 SHS          Sole               170000
CA INC                          COM       12673P105   1.845       71300 SHS          Sole                71300
CAMPBELL SOUP CO                COM       134429109   3.027       86997 SHS          Sole                86997
CANADIAN NAT RES LTD            COM       136385101   8.926      290000 SHS          Sole               290000
CANADIAN NATL RY CO             COM       136375102   12.511     140800 SHS          Sole               140800
CANADIAN PAC RY LTD             COM       13645T100   1.675       20000 SHS          Sole                20000
CAREFUSION CORP                 COM       14170T101   3.531      124100 SHS          Sole               124100
CATERPILLAR INC DEL             COM       149123101   293          3400 SHS          Sole                 3400
CDN IMPERIAL BK OF COMMERCE     COM       136069101   6.911       88000 SHS          Sole                88000
CENOVUS ENERGY INC              COM       15135U109   6.978      200000 SHS          Sole               200000
CENTRAIS ELETRICAS BRASILEIR    SPONSORED
                                ADR       15234Q207   119         20000 SHS          Sole                20000
CHESAPEAKE ENERGY CORP          COM       165167107   6.797      359825 SHS          Sole               359825
                                       5<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
CISCO SYS INC                   COM       17275R102   10.879     567523 SHS          Sole               567523
CITIGROUP INC                   COM NEW   172967424   926         28000 SHS          Sole                28000
COCA COLA CO                    COM       191216100   13.005     342145 SHS          Sole               342145
COLGATE PALMOLIVE CO            COM       194162103   14.886     138734 SHS          Sole               138734
COMCAST CORP NEW                CL A      20030N101   17.900     499028 SHS          Sole               499028
COMPANHIA BRASILEIRA DE DIST    SPN ADR
                                PFD CL A  20440T201   1.067       24000 SHS          Sole                24000
COMPANHIA DE BEBIDAS DAS AME    SPON ADR
                                PFD       20441W203   2.116       55000 SHS          Sole                55000
COMPANHIA DE SANEAMENTO BASI    SPONSORED
                                ADR       20441A102   1.611       20000 SHS          Sole                20000
COMPANHIA ENERGETICA DE MINA    SP ADR
                                N-V PFD   204409601   1.067       87500 SHS          Sole                87500
COMPANHIA SIDERURGICA NACION    SPONSORED
                                ADR       20440W105   815        145000 SHS          Sole               145000
CONAGRA FOODS INC               COM       205887102   2.039       74014 SHS          Sole                74014
CONOCOPHILLIPS                  COM       20825C104   62           1088 SHS          Sole                 1088
CONSOLIDATED EDISON INC         COM       209115104   3.846       64375 SHS          Sole                64375
CORNING INC                     COM       219350105   9.505      721195 SHS          Sole               721195
COSTCO WHSL CORP NEW            COM       22160K105   69            693 SHS          Sole                  693
COVANTA HLDG CORP               COM       22282E102   275         16000 SHS          Sole                16000
CSX CORP                        COM       126408103   1.897       91137 SHS          Sole                91137
CVS CAREMARK CORPORATION        COM       126650100   3.096       64121 SHS          Sole                64121
DELL INC                        COM       24702R101   10.034    1013540 SHS          Sole              1013540
DENBURY RES INC                 COM NEW   247916208   1.468       90421 SHS          Sole                90421
DEVRY INC DEL                   COM       251893103   255         11098 SHS          Sole                11098
                                       6<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
DIAMOND OFFSHORE DRILLING IN    COM       25271C102   1.986       30100 SHS          Sole                30100
DISCOVER FINL SVCS              COM       254709108   18.492     461373 SHS          Sole               461373
DISCOVERY COMMUNICATNS NEW      COM SER A 25470F104   2.918       48868 SHS          Sole                48868
DOVER CORP                      COM       260003108   361          6048 SHS          Sole                 6048
DOW CHEM CO                     COM       260543103   334         11500 SHS          Sole                11500
DTE ENERGY CO                   COM       233331107   3.527       58810 SHS          Sole                58810
DU PONT E I DE NEMOURS & CO     COM       263534109   2.115       42010 SHS          Sole                42010
EBAY INC                        COM       278642103   6.876      141830 SHS          Sole               141830
ELDORADO GOLD CORP NEW          COM       284902103   2.736      180000 SHS          Sole               180000
EMBRAER S A SP ADR REP 4        COM       29082A107   670         25000 SHS          Sole                25000
ENBRIDGE INC                    COM       29250N105   7.870      200000 SHS          Sole               200000
ENCANA CORP                     COM       292505104   4.146      190000 SHS          Sole               190000
ENTERGY CORP NEW                COM       29364G103   69           1000 SHS          Sole                 1000
EQUITY RESIDENTIAL              SH BEN
                                INT       29476L107   231          4012 SHS          Sole                 4012
ESCO TECHNOLOGIES INC           COM       296315104   351          9000 SHS          Sole                 9000
EXELON CORP                     COM       30161N101   92           2584 SHS          Sole                 2584
EXXON MOBIL CORP                COM       30231G102   21.237     232002 SHS          Sole               232002
F M C CORP                      COM NEW   302491303   2.352       42800 SHS          Sole                42800
FEDEX CORP                      COM       31428X106   6.399       75590 SHS          Sole                75590
FIFTH THIRD BANCORP             COM       316773100   2.631      169000 SHS          Sole               169000
FORD MTR CO DEL                 COM PAR
                                $0.01     345370860   4.260      431140 SHS          Sole               431140
                                       7<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
FOREST LABS INC                 COM       345838106   68           1917 SHS          Sole                 1917
FREEPORT-MCMORAN COPPER & GO    COM       35671D857   6.569      166258 SHS          Sole               166258
GENERAL ELECTRIC CO             COM       369604103   10.897     479000 SHS          Sole               479000
GERDAU S A                      SPONSORED
                                ADR       373737105   1.592      165000 SHS          Sole               165000
GILDAN ACTIVEWEAR INC           COM       375916103   960         30000 SHS          Sole                30000
GILEAD SCIENCES INC             COM       375558103   77           1162 SHS          Sole                 1162
GOL LINHAS AEREAS INTLG S A     SP ADR
                                REP PFD   38045R107   230         40000 SHS          Sole                40000
GOLDCORP INC NEW                COM       380956409   11.530     250000 SHS          Sole               250000
GOOGLE INC                      CL A      38259P508   7.875       10424 SHS          Sole                10424
HALLIBURTON CO                  COM       406216101   472         14003 SHS          Sole                14003
HCP INC                         COM       40414L109   524         11758 SHS          Sole                11758
HEINZ H J CO                    COM       423074103   257          4600 SHS          Sole                 4600
HELMERICH & PAYNE INC           COM       423452101   12.949     270500 SHS          Sole               270500
HERSHEY CO                      COM       427866108   1.537       21743 SHS          Sole                21743
HESS CORP                       COM       42809H107   8.270      154000 SHS          Sole               154000
HEWLETT PACKARD CO              COM       428236103   102          6000 SHS          Sole                 6000
HOME DEPOT INC                  COM       437076102   3.851       63894 SHS          Sole                63894
HUMANA INC                      COM       444859102   797         11325 SHS          Sole                11325
IAMGOLD CORP                    COM       450913108   3.013      190000 SHS          Sole               190000
ILLINOIS TOOL WKS INC           COM       452308109   2.015       33790 SHS          Sole                33790
IMPERIAL OIL LTD                COM NEW   453038408   2.983       65000 SHS          Sole                65000
                                       8<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
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                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
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{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
INTEL CORP                      COM       458140100   13.520     593520 SHS          Sole               593520
INTERNATIONAL BUSINESS MACHS    COM       459200101   26.069     125586 SHS          Sole               125586
INTERPUBLIC GROUP COS INC       COM       460690100   64           5769 SHS          Sole                 5769
                                SPON ADR
                                REP
ITAU UNIBANCO HLDG SA           PFD       465562106   3.731      245800 SHS          Sole               245800
ITRON INC                       COM       465741106   215          5000 SHS          Sole                 5000
JABIL CIRCUIT INC               COM       466313103   3.825      203017 SHS          Sole               203017
JOHNSON & JOHNSON               COM       478160104   16.657     241581 SHS          Sole               241581
JOHNSON CTLS INC                COM       478366107   137          5000 SHS          Sole                 5000
KAYDON CORP                     COM       486587108   112          5000 SHS          Sole                 5000
KEYCORP NEW                     COM       493267108   815         92965 SHS          Sole                92965
KINROSS GOLD CORP               COM NO
                                PAR       496902404   3.403      331000 SHS          Sole               331000
KOHLS CORP                      COM       500255104   65           1277 SHS          Sole                 1277
KRAFT FOODS INC                 CL A      50075N104   538         13000 SHS          Sole                13000
LAM RESEARCH CORP               COM       512807108   9.012      281800 SHS          Sole               281800
LILLY ELI & CO                  COM       532457108   6.323      133150 SHS          Sole               133150
LIMITED BRANDS INC              COM       532716107   2.579       52428 SHS          Sole                52428
LINEAR TECHNOLOGY CORP          COM       535678106   299          9356 SHS          Sole                 9356
M & T BK CORP                   COM       55261F104   198          2073 SHS          Sole                 2073
MACYS INC                       COM       55616P104   1.114       29700 SHS          Sole                29700
MAGNA INTL INC                  COM       559222401   2.608       60000 SHS          Sole                60000
MARATHON OIL CORP               COM       565849106   6.285      212484 SHS          Sole               212484
                                       9<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
MCDONALDS CORP                  COM       580135101   1.899       20700 SHS          Sole                20700
MCKESSON CORP                   COM       58155Q103   2.379       27548 SHS          Sole                27548
MEADWESTVACO CORP               COM       583334107   261          8500 SHS          Sole                 8500
MECHEL OAO                      SPONSORED
                                ADR       583840103   1.103      156000 SHS          Sole               156000
MEDTRONIC INC                   COM       585055106   1.113       25839 SHS          Sole                25839
MERCK & CO INC NEW              COM       58933Y105   13.989     310042 SHS          Sole               310042
METROPCS COMMUNICATIONS INC     COM       591708102   7.654      644236 SHS          Sole               644236
MICRON TECHNOLOGY INC           COM       595112103   12.373    2031729 SHS          Sole              2031729
MICROSOFT CORP                  COM       594918104   29.178     975861 SHS          Sole               975861
MOBILE TELESYSTEMS OJSC         SPONSORED
                                ADR       607409109   10.458     596945 SHS          Sole               596945
MOLEX INC                       COM       608554101   3.308      125100 SHS          Sole               125100
MOLSON COORS BREWING CO         CL B      60871R209   3.882       85838 SHS          Sole                85838
MORGAN STANLEY                  COM NEW   617446448   404         24000 SHS          Sole                24000
MOSAIC CO NEW                   COM       61945C103   2.774       48138 SHS          Sole                48138
MOTOROLA SOLUTIONS INC          COM NEW   620076307   174          3428 SHS          Sole                 3428
MURPHY OIL CORP                 COM       626717102   8.070      149800 SHS          Sole               149800
NEWFIELD EXPL CO                COM       651290108   905         28824 SHS          Sole                28824
NEWMONT MINING CORP             COM       651639106   269          4800 SHS          Sole                 4800
NEXEN INC                       COM       65334H102   1.140       45000 SHS          Sole                45000
NEXTERA ENERGY INC              COM       65339F101   4.956       70622 SHS          Sole                70622
NIKE INC                        CL B      654106103   1.086       11300 SHS          Sole                11300
                                       10<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
NORTHROP GRUMMAN CORP           COM       666807102   5.974       89700 SHS          Sole                89700
ORACLE CORP                     COM       68389X105   7.411      235404 SHS          Sole               235404
ORMAT TECHNOLOGIES INC          COM       686688102   154          8165 SHS          Sole                 8165
OWENS CORNING NEW               COM       690742101   84           2500 SHS          Sole                 2500
PENN WEST PETE LTD NEW          COM       707887105   2.209      155000 SHS          Sole               155000
PEPSICO INC                     COM       713448108   9.258      130987 SHS          Sole               130987
PETROLEO BRASILEIRO SA PETRO    SPONSORED
                                ADR       71654V408   3.666      160000 SHS          Sole               160000
PETROLEO BRASILEIRO SA PETRO    SP ADR
                                NON VTG   71654V101   394         17800 SHS          Sole                17800
PFIZER INC                      COM       717081103   12.834     515002 SHS          Sole               515002
PG^E CORP                       COM       69331C108   4.292      100566 SHS          Sole               100566
PHILIP MORRIS INTL INC          COM       718172109   22.027     244771 SHS          Sole               244771
PINNACLE WEST CAP CORP          COM       723484101   93           1757 SHS          Sole                 1757
POTASH CORP SASK INC            COM       73755L107   7.628      175000 SHS          Sole               175000
PRAXAIR INC                     COM       74005P104   1.830       17600 SHS          Sole                17600
PROCTER & GAMBLE CO             COM       742718109   12.163     175535 SHS          Sole               175535
PUBLIC SVC ENTERPRISE GROUP     COM       744573106   65           2035 SHS          Sole                 2035
QUEST DIAGNOSTICS INC           COM       74834L100   127          2000 SHS          Sole                 2000
RAYTHEON CO                     COM NEW   755111507   246          4297 SHS          Sole                 4297
REGIONS FINANCIAL CORP NEW      COM       7591EP100   204         28165 SHS          Sole                28165
REPUBLIC SVCS INC               COM       760759100   335         12218 SHS          Sole                12218
RESEARCH IN MOTION LTD          COM       760975102   991        130000 SHS          Sole               130000
                                       11<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
ROGERS COMMUNICATIONS INC       CL B      775109200   3.242       80000 SHS          Sole                80000
ROPER INDS INC NEW              COM       776696106   13.159     120000 SHS          Sole               120000
ROSS STORES INC                 COM       778296103   57            885 SHS          Sole                  885
ROYAL BK CDA MONTREAL QUE       COM       780087102   22.459     389500 SHS          Sole               389500
RYDER SYS INC                   COM       783549108   160          4090 SHS          Sole                 4090
SAFEWAY INC                     COM NEW   786514208   147          9081 SHS          Sole                 9081
SCHLUMBERGER LTD                COM       806857108   1.208       16698 SHS          Sole                16698
SHAW COMMUNICATIONS INC         CL B CONV 82028K200   2.055      100000 SHS          Sole               100000
SILVER WHEATON CORP             COM       828336107   3.595       90000 SHS          Sole                90000
SIMON PPTY GROUP INC NEW        COM       828806109   850          5579 SHS          Sole                 5579
SOUTHERN CO                     COM       842587107   4.553       99065 SHS          Sole                99065
SOUTHWEST AIRLS CO              COM       844741108   1.803      204660 SHS          Sole               204660
STAPLES INC                     COM       855030102   5.792      502378 SHS          Sole               502378
STARBUCKS CORP                  COM       855244109   381          7500 SHS          Sole                 7500
STATE STR CORP                  COM       857477103   235          5600 SHS          Sole                 5600
STRYKER CORP                    COM       863667101   63           1134 SHS          Sole                 1134
SUNCOR ENERGY INC NEW           COM       867224107   13.204     400000 SHS          Sole               400000
SYMANTEC CORP                   COM       871503108   72           4000 SHS          Sole                 4000
TALISMAN ENERGY INC             COM       87425E103   6.048      450000 SHS          Sole               450000
TECK RESOURCES LTD              CL B      878742204   3.867      131000 SHS          Sole               131000
TELEFONICA BRASIL SA            SPONSORED
                                ADR       87936R106   1.037       47500 SHS          Sole                47500
                                       12<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
THOMSON REUTERS CORP            COM       884903105   2.761       95000 SHS          Sole                95000
TIM HORTONS INC                 COM       88706M103   2.088       40000 SHS          Sole                40000
TIM PARTICIPACOES S A           SPONSORED
                                ADR       88706P205   735         38000 SHS          Sole                38000
TIME WARNER INC                 COM NEW   887317303   25.074     549377 SHS          Sole               549377
TJX COS INC NEW                 COM       872540109   3.775       84176 SHS          Sole                84176
TORONTO DOMINION BK ONT         COM NEW   891160509   20.958     250000 SHS          Sole               250000
TRANSALTA CORP                  COM       89346D107   762         50000 SHS          Sole                50000
TRANSCANADA CORP                COM       89353D107   7.744      170000 SHS          Sole               170000
TYSON FOODS INC                 CL A      902494103   562         35039 SHS          Sole                35039
ULTRAPAR PARTICIPACOES S A
   SP ADR REP     COM                     90400P101   1.345       60000 SHS          Sole                60000
UNION PAC CORP                  COM       907818108   8.152       68693 SHS          Sole                68693
UNITED PARCEL SERVICE INC       CL B      911312106   220          3072 SHS          Sole                 3072
UNITEDHEALTH GROUP INC          COM       91324P102   5.626      101411 SHS          Sole               101411
US BANCORP DEL                  COM NEW   902973304   31.207     907441 SHS          Sole               907441
VALE S A                        ADR       91912E105   3.147      175000 SHS          Sole               175000
VALEANT PHARMACEUTICALS INTL    COM       91911K102   4.473       80000 SHS          Sole                80000
VERIZON COMMUNICATIONS INC      COM       92343V104   24.646     540254 SHS          Sole               540254
VIACOM INC NEW                  CL B      92553P201   14.629     270965 SHS          Sole               270965
WAL MART STORES INC             COM       931142103   14.635     197772 SHS          Sole               197772
WALGREEN CO                     COM       931422109   72           1975 SHS          Sole                 1975
WASHINGTON POST CO              CL B      939640108   80            223 SHS          Sole                  223
                                       13<br /><br />------------------------------------------------------------------------------------------------------------------------------------
 COLUMN 1                    COLUMN 2   COLUMN 3  COLUMN 4          COLUMN 5       COLUMN 6   COLUMN 7         COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
                              TITLE                                                                    VOTING    VOTING    VOTING
                                OF                  VALUE    SHARES PRN SH/  PUT/ INVESTMENT   OTHER  AUTHORITY AUTHORITY AUTHORITY
          ISSUER              CLASS       CUSIP     *1000        AMT    PRN  CALL DISCRETION MANAGERS   SOLE      SHARE     NONE
------------------------------------------------------------------------------------------------------------------------------------
{S}                       {C}         {C}        {C}       {C}          {C}  {C}  {C}        {C}      {C}       {C}       {C}
WELLPOINT INC                   COM       94973V107   263          4533 SHS          Sole                 4533
WELLS FARGO & CO NEW            COM       949746101   13.544     390100 SHS          Sole               390100
WESTERN DIGITAL CORP            COM       958102105   6.345      163500 SHS          Sole               163500
WESTERN UN CO                   COM       959802109   335         18344 SHS          Sole                18344
WEYERHAEUSER CO                 COM       962166104   212          8000 SHS          Sole                 8000
WHIRLPOOL CORP                  COM       963320106   208          2500 SHS          Sole                 2500
WPX ENERGY INC                  COM       98212B103   303         18259 SHS          Sole                18259
XCEL ENERGY INC                 COM       98389B100   318         11518 SHS          Sole                11518
YAHOO INC                       COM       984332106   118          7348 SHS          Sole                 7348
YAMANA GOLD INC                 COM       98462Y100   2.685      140000 SHS          Sole               140000
YUM BRANDS INC                  COM       988498101   89           1341 SHS          Sole                 1341
                                       14