_Sentinel Trust Company, LBA______________

_Sentinel Trust Company, LBA______________ as of Sept. 30, 2011

Portfolio Holdings for _Sentinel Trust Company, LBA______________

_Sentinel Trust Company, LBA______________ holds 102 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Erie Indemnity Class B 65.1 $400M 2.3k 170832.05
iShares MSCI EAFE Index Fund (EFA) 4.3 $27M 555k 47.78
Enterprise Products Partners (EPD) 1.8 $11M 276k 40.15
Spdr S&p 500 Etf (SPY) 1.7 $10M 91k 113.14
Eli Lilly & Co. (LLY) 0.8 $5.0M 134k 36.97
Vanguard Emerging Markets ETF (VWO) 0.8 $4.9M 136k 35.83
Microsoft Corporation (MSFT) 0.8 $4.8M 194k 24.89
iShares Lehman Aggregate Bond (AGG) 0.7 $4.3M 39k 110.12
Entergy Corporation (ETR) 0.7 $4.0M 60k 66.29
Chevron Corporation (CVX) 0.6 $3.5M 37k 92.60
Cisco Systems (CSCO) 0.6 $3.4M 223k 15.50
At&t (T) 0.5 $3.3M 116k 28.51
Intel Corporation (INTC) 0.5 $3.3M 155k 21.33
Computer Sciences Corporation 0.5 $3.3M 123k 26.85
Raytheon Company 0.5 $3.3M 80k 40.87
Merck & Co (MRK) 0.5 $3.3M 100k 32.70
JPMorgan Chase & Co. (JPM) 0.5 $3.2M 106k 30.12
Gilead Sciences (GILD) 0.5 $3.1M 80k 38.80
Southwest Airlines (LUV) 0.5 $3.1M 388k 8.04
Goldman Sachs (GS) 0.5 $3.1M 32k 94.56
Wal-Mart Stores (WMT) 0.5 $3.0M 58k 51.90
Abbott Laboratories (ABT) 0.5 $2.9M 56k 51.13
Comtech Telecomm (CMTL) 0.5 $2.9M 102k 28.09
PowerShares S&P 500 BuyWrite Portfol ETF 0.5 $2.9M 155k 18.74
Marathon Petroleum Corp (MPC) 0.5 $2.8M 104k 27.05
Kroger (KR) 0.5 $2.7M 125k 21.97
Partner Re 0.5 $2.7M 52k 52.28
Hewlett-Packard Company 0.4 $2.6M 116k 22.46
Comcast Corporation (CMCSA) 0.4 $2.5M 120k 20.91
Travelers Companies (TRV) 0.4 $2.5M 52k 48.72
CVS Caremark Corporation (CVS) 0.4 $2.5M 74k 33.58
Allstate Corporation (ALL) 0.4 $2.3M 97k 23.69
Citigroup (C) 0.4 $2.3M 90k 25.62
Unum (UNM) 0.4 $2.3M 109k 20.97
Steel Dynamics (STLD) 0.3 $2.1M 211k 9.92
Emulex Corporation 0.3 $2.1M 327k 6.40
BlackRock Credit All Inc Trust II 0.3 $2.0M 216k 9.34
Integrated Device Technology 0.3 $1.9M 376k 5.15
WellPoint 0.3 $2.0M 30k 65.27
Medtronic 0.3 $1.9M 57k 33.23
Morgan Stanley (MS) 0.3 $1.9M 141k 13.51
Technology SPDR (XLK) 0.3 $1.9M 81k 23.60
Kohl's Corporation (KSS) 0.3 $1.9M 38k 49.13
Wells Fargo & Company (WFC) 0.3 $1.9M 77k 24.13
Carnival Corporation (CCL) 0.3 $1.8M 58k 30.30
Amgen (AMGN) 0.3 $1.8M 32k 54.94
iShares Russell 2000 Growth Index (IWO) 0.3 $1.8M 24k 73.46
Oshkosh Corporation (OSK) 0.3 $1.7M 107k 15.73
Time Warner Cable 0.3 $1.6M 26k 62.68
Bank of America Corporation (BAC) 0.3 $1.6M 265k 6.12
Cooper Tire & Rubber Company 0.3 $1.6M 148k 10.89
Yahoo! 0.2 $1.5M 114k 13.17
Loews Corporation (L) 0.2 $1.4M 41k 34.57
Freeport-McMoRan Copper & Gold (FCX) 0.2 $1.4M 47k 30.44
Forest Laboratories 0.2 $1.4M 47k 30.79
Exxon Mobil Corporation (XOM) 0.2 $1.3M 18k 72.60
Lowe's Companies (LOW) 0.2 $1.3M 66k 19.34
Apache Corporation 0.2 $1.3M 16k 80.21
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.2 $1.2M 12k 104.01
Advanced Energy Industries (AEIS) 0.2 $1.2M 137k 8.61
Marathon Oil Corporation (MRO) 0.2 $1.1M 50k 21.58
iShares NASDAQ Biotechnology Index (IBB) 0.2 $1.1M 12k 93.36
Royal Dutch Shell 0.2 $1.0M 17k 61.55
Qualcomm (QCOM) 0.2 $1.0M 21k 48.63
Seagate Technology Com Stk 0.2 $1.0M 101k 10.28
Huntington Bancshares Incorporated (HBAN) 0.2 $985k 205k 4.80
Devon Energy Corporation (DVN) 0.2 $1.0M 18k 55.44
Verizon Communications (VZ) 0.2 $964k 26k 36.78
Colgate-Palmolive Company (CL) 0.2 $979k 11k 88.78
Schlumberger (SLB) 0.2 $956k 16k 59.75
Pepsi (PEP) 0.1 $920k 15k 61.86
American Electric Power Company (AEP) 0.1 $896k 24k 37.99
iShares MSCI Emerging Markets Indx (EEM) 0.1 $872k 25k 35.08
Bunge 0.1 $878k 15k 58.29
ConocoPhillips (COP) 0.1 $849k 13k 63.38
Gap (GAP) 0.1 $866k 53k 16.25
General Dynamics Corporation (GD) 0.1 $785k 14k 56.85
El Paso Pipeline Partners 0.1 $793k 22k 35.47
Ingersoll-rand Co Ltd-cl A 0.1 $786k 28k 28.07
Williams Partners 0.1 $769k 14k 54.24
RadioShack Corporation 0.1 $741k 64k 11.61
AGCO Corporation (AGCO) 0.1 $724k 21k 34.59
Target Corporation (TGT) 0.1 $708k 14k 49.08
Encana Corp 0.1 $659k 34k 19.22
Pfizer (PFE) 0.1 $588k 33k 17.70
SPDR Barclays Capital Intl Tresy Bd ETF (BWX) 0.1 $641k 11k 60.09
Cablevision Systems Corporation 0.1 $533k 34k 15.73
Royce Micro Capital Trust (RMT) 0.1 $556k 73k 7.64
Norfolk Southern (NSC) 0.1 $506k 8.3k 60.95
Apple (AAPL) 0.1 $448k 1.2k 380.87
Suburban Propane Partners (SPH) 0.1 $455k 9.8k 46.43
Alcoa 0.1 $373k 39k 9.56
iShares MSCI EAFE Value Index (EFV) 0.1 $383k 9.2k 41.45
BP (BP) 0.1 $281k 7.8k 36.09
Applied Materials (AMAT) 0.1 $288k 28k 10.35
Micron Technology (MU) 0.0 $221k 44k 5.04
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $227k 2.7k 84.61
MFS Multimarket Income Trust (MMT) 0.0 $229k 36k 6.31
Amc Networks Inc Cl A (AMCX) 0.0 $270k 8.5k 31.89
Photronics (PLAB) 0.0 $54k 11k 4.92
Crusader Energy Group Inc Com Stk 0.0 $0 95k 0.00
Internet America (GEEK) 0.0 $2.9k 16k 0.18