Albion Financial as of Sept. 30, 2005
Portfolio Holdings for Albion Financial
Albion Financial holds 0 positions in its portfolio as reported in the September 2005 quarterly 13F filing
Name of Reporting Manager: Albion Financial Group
Investment Discretion Voting Authority
Name of Issuer Title CUSIP Value Shares/ (a) Sole (b) Share(c) Share Other (a) Sole (b) Share(c) None
of Class Prn Amt Defined Other Managers
---------------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- --------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
3Com Corporation COM 885535104 12240 3000 X X
3M Company COM 88579Y101 676306 9219 X X
A C Moore Arts & Crafts Inc. COM 00086T103 1918 100 X X
AT^T Corp. COM 001957505 5980 302 X X
Abbott Laboratories COM 002824100 25949 612 X X
Acco Brands Corp COM 00081t108 1326 47 X X
Actionview International Inc.COM 00506R109 2 22 X X
Activision, Inc. COM 004930202 2045 100 X X
Adams Laboratories, Inc. COM 00635p107 49081 1520 X X
Adept Technology Inc. COM 006854202 4025 500 X X
Adobe Systems COM 00724F101 17910 600 X X
Advanced Medical Optics COM 00763M108 6262 165 X X
Advantage Cap Dev Corp. COM 007559107 0 3 X X
Agilent Technologies, Inc. COM 00846U101 3734 114 X X
Akamai Technologies, Inc. COM 00971T101 4728936 296485 X X
Alcoa Inc. COM 013817101 29304 1200 X X
Alexander & Baldwin COM 014482103 2928 55 X X
Alexion Pharmaceuticals, Inc.COM 015351109 2765 100 X X
Allergan Inc. COM 018490102 67799 740 X X
Alliant TechSystems, Inc. COM 018804104 7465 100 X X
Allscripts Healthcare SolutioCOM 01988p108 4640330 257510 X X
Alltel Corporation COM 020039103 97014 1490 X X
Altiris Inc Com COM 02148m100 274563 17957 X X
Altria Group, Inc. COM 02209S103 11057 150 X X
Amer Water Star Inc. COM 030409106 720 3000 X X
Ameren Corporation COM 023608102 10698 200 X X
American Consolidated MGT GRPCOM 025225103 20 120 X X
American Electric Power COM 025537101 42916 1081 X X
American Healthways, Inc. COM 02649v104 102396 2415 X X
American Italian Pasta CompanCOM 027070101 2132 200 X X
American Standard Companies ICOM 029712106 18620 400 X X
Amgen Corp. COM 031162100 275897 3463 X X
Anadarko Petroleum CorporatioCOM 032511107 25182 263 X X
Anglo American plc COM 03485P102 3773 125 X X
Anheuser-Busch Companies, IncCOM 035229103 17216 400 X X
Apache Corporation COM 037411105 26327 350 X X
Apple Computer, Inc. COM 037833100 75054 1400 X X
Applied Materials Inc. COM 038222105 30528 1800 X X
Aptargroup, Inc. COM 038336103 174584 3505 X X
Arch Coal Inc COM 039380100 20250 300 X X
Archer-Daniels-Midland Co. COM 039483102 34598 1403 X X
Archstone-Smith TR COM 039583109 14672 368 X X
Ariel Resources COM 04033r103 2 20000 X X
Atari Inc. COM 04651m105 1440 1000 X X
Atlas Pipeline Partners, L.P.COM 049392103 9760 200 X X
Auto Desk, Inc. COM 052769106 17647 380 X X
Automatic Data Processing, InCOM 053015103 37014 860 X X
Avid Technology Inc COM 05367p100 3366027 81305 X X
BHP Billiton Limited COM 088606108 17090 500 X X
BP Amoco PLC COM 055622104 831779 11740 X X
Ball Corporation COM 058498106 7348 200 X X
Bank of America Corp. COM 060505104 155054 3683 X X
Bank of Utah COM 065427106 415500 8310 X X
Bed Bath & Beyond COM 075896100 46207 1150 X X
Berkshire Hathaway CL B COM 084670207 62813 23 X X
Berry Petroleum Company COM 085789105 6669 100 X X
Bill Barrett Corporation COM 06846n104 11967 325 X X
Biomet, Inc. COM 090613100 4339 125 X X
Black & Decker COM 091797100 12314 150 X X
Blackrock Global Floating RaCOM 091941104 43925 2500 X X
Boeing COM 097023105 101925 1500 X X
Bristol Myers Squibb Co. COM 110122108 52090 2165 X X
Burlington Northern Santa Fe COM 12189T104 143520 2400 X X
Burlington Resources, Inc. COM 122014103 32528 400 X X
CTC Communications Group Inc.COM 126419100 15 150 X X
Calamos Asset Management, IncCOM 12811r104 144255 5845 X X
Calpine Corp COM 131347106 12950 5000 X X
Cascade Natural Gas CorporatiCOM 147339105 21770 1000 X X
Catapult Communication COM 149016107 11004 600 X X
Caterpillar Inc. COM 149123101 25733 438 X X
Cendant Corporation COM 151313103 10836 525 X X
CenturyTel, Inc. COM 156700106 24486 700 X X
Cerner Corporation COM 156782104 7238226 83265 X X
Charles Schwab Corporation COM 808513105 9740 675 X X
Chesapeake Energy COM 165167107 19125 500 X X
ChevronTexaco Corp. COM 166764100 281252 4345 X X
Chiron Corporation COM 170040109 17460 400 X X
Cimarex Energy Co COM 171798101 204438 4510 X X
Cisco Systems COM 17275R102 65623 3662 X X
Citigroup Invts Corp COM 17307c107 5598 429 X X
Citigroup, Inc. COM 172967101 1591880 34971 X X
Citrix Systems Inc. COM 177376100 1257 50 X X
Coach Inc. COM 189754104 125440 4000 X X
Coca-Cola Co. COM 191216100 176561 4088 X X
Cognos Inc. COM 19244C109 3103694 79725 X X
Colgate-Palmolive COM 194162103 1320 25 X X
Colorado Casino COM 196334106 0 1000 X X
Comcast Cl 'a' COM 20030N101 59142 2013 X X
Comcast Corp. New CL A COM 20030n200 3241204 112620 X X
Computer Sciences CorporationCOM 205363104 9462 200 X X
Computerized Thermal Imaging COM 20557c108 270 4500 X X
ConAgra Inc. COM 205887102 4950 200 X X
Conocophillips COM 20825C104 27964 400 X X
Consolidated Plentech ElectroCOM 20978N105 74 3700 X X
Consumers Power COM 125896100 1382 84 X X
Cooper Cameron Corp. COM 216640102 110156 1490 X X
Corning Inc. COM 219350105 7732 400 X X
Corporate Fin. Co New COM 21989a108 0 500 X X
Costco Wholesale Corp. COM 22160K105 74330 1725 X X
Courier Corp COM 222660102 56100 1500 X X
Cree, Inc COM 225447101 2502 100 X X
Critical Path Inc COM 22674V506 11 25 X X
CryptoLogic Inc. COM 228906103 176 10 X X
Curis Inc. COM 231269101 6885 1500 X X
Cytogen COM 232824102 364 90 X X
DNP Select Income Fund Inc. COM 23325p104 10721 925 X X
Danka Business Sys COM 236277109 6675 2500 X X
Dean Foods Co. COM 242370104 3886 100 X X
Deere & Co. COM 244199105 61200 1000 X X
Del Rio Resources Inc. COM 245370101 0 22500 X X
Dell Computer COM 24702r101 4275 125 X X
Delphi Automotive Systems CorCOM 247126105 208 75 X X
Delta Petroleum Corp. COM 247907207 41600 2000 X X
Dentsply International Inc. COM 249030107 4651932 86115 X X
Developers Diversified RealtyCOM 251591103 4670 100 X X
Devon Energy Corporation COM 25179M103 34320 500 X X
Diamond Offshore Drilling COM 25271C102 12250 200 X X
Diamondcluster International COM 25278p106 130467 17212 X X
Digital River, Inc. COM 25388B104 2480100 71165 X X
Discovery Holding Co. COM 25468y107 21486 1489 X X
Discovery Partners Intl. COM 254675101 3220 1000 X X
Dominion Resources COM 25746u109 112930 1311 X X
Donaldson Company, Inc. COM 257651109 3053 100 X X
Dover COM 260003108 66528 1631 X X
Dow Chemical Co. COM 260543103 41670 1000 X X
Dreamworks Animation COM 26153c103 8298 300 X X
Dril-Quip, Inc. COM 262037104 9600 200 X X
Du Pont De Nemours COM 263534109 3659961 93438 X X
Duke Energy Corp. COM 264399106 79987 2742 X X
Dun & Bradstreet New COM 26483e100 12515 190 X X
Dycom Inds Inc COM 267475101 20220 1000 X X
E Toys COM 297862104 0 100 X X
EBay Inc. COM 278642103 10300 250 X X
EastGroup Properties, Inc. COM 277276101 21271 486 X X
Eastman Chemical Co. COM 277432100 656875 13985 X X
Eastman Kodak COM 277461109 14720 605 X X
Easy Golf Corp COM 27785c107 0 3167 X X
Edison International COM 281020107 56736 1200 X X
Edwards Lifesciences Corp COM 28176E108 3109 70 X X
El Paso Corporation COM 28336L109 55600 4000 X X
Electronic Arts COM 285512109 9956 175 X X
Electronic Data Systems COM 285661104 359 16 X X
Eli Lilly & Co. COM 532457108 53520 1000 X X
Emerson Electric COM 291011104 50260 700 X X
Encana Corp. COM 292505104 11662 200 X X
Endovasc Inc. Ser NDC COM 29267b201 0 5 X X
Energen Corp COM 29265N108 17304 400 X X
Enerplus Resources Fund COM 29274D604 14160 300 X X
Engage Inc. COM 292827102 0 2000 X X
Enterprise Products COM 293792107 44015 1748 X X
Equitable Resources, Inc. COM 294549100 39060 1000 X X
Equity Income Fund Unit 1st ECOM 294700703 7771 100 X X
Evans & Sutherland COM 299096107 22118 3711 X X
Exact Identification Corp. COM 300626108 90 10000 X X
Expeditors Intl. of WashingtoCOM 302130109 56780 1000 X X
Exxon Mobil Corp. COM 30231G102 4052264 63775 X X
FPL Group COM 302571104 7140 150 X X
Fair Isaac Corporation COM 303250104 8960 200 X X
Federal Resources Corp. COM 313765109 0 30 X X
Federated Dept. DEL NEW COM 31410H101 4146 62 X X
First Data COM 319963104 58280 1457 X X
Florida Rock Industries, Inc.COM 341140101 19227 300 X X
Fonix Corporation COM 34459U306 1 25 X X
Ford Motor Co. COM 345370860 986 100 X X
Forest Labs COM 345838106 7794 200 X X
Forest Oil Corp COM 346091705 65646 1260 X X
Fortune Brands COM 349631101 16266 200 X X
Foundry Networks, Inc. COM 35063R100 6579 518 X X
Freescale Semiconductor CL B COM 35687m206 1820 77 X X
Fuelcell Energy Incorporated COM 35952H106 21940 2000 X X
GTECH Holding Corporation COM 400518106 8977 280 X X
Galaxy Energy COM 36318B106 3500 2500 X X
Genentech, Inc. COM 368710406 16842 200 X X
General Dynamics Corp. COM 369550108 11955 100 X X
General Electric COM 369604103109406625 3249380 X X
General Mills COM 370334104 35282 732 X X
General Motors Corp COM 370442105 3306 108 X X
Genesee & Wyoming Inc. COM 371559105 6340 200 X X
Genuine Parts Company COM 372460105 8580 200 X X
Genzyme General Division COM 372917104 16334 228 X X
Globalstar TelecommunicationsCOM G3930H104 372 12000 X X
Goldcorp Inc. COM 380956409 3006 150 X X
Good Times Restaurants New COM 382140887 1136 200 X X
Google Inc. COM 38259P508 389879 1232 X X
Granite Construction Company COM 387328107 7648 200 X X
Great Plains Energy COM 391164100 20937 700 X X
Groupe Bruxelles Lambert COM b4746j115 19680 200 X X
Guidant Corp. COM 401698105 6889 100 X X
H & R Block COM 093671105 11990 500 X X
HYT Corporate HI YLD COM 219932100 22988 1667 X X
Hancock John Tax Advantage DiCOM 41013v100 70920 4000 X X
Harley-Davidson Inc. COM 412822108 33908 700 X X
Harrah's Entertainment Inc. COM 413619107 32595 500 X X
Hawaiian Electric Industries COM 419870100 27880 1000 X X
Headwaters Inc. COM 42210P102 7480 200 X X
Health Care Property INVS IncCOM 421915109 10796 400 X X
Health Care REIT Inc. COM 42217K106 11127 300 X X
Healthtronics Inc. COM 42222l107 40587 4075 X X
Helen of Troy Limited COM G4388N106 5676 275 X X
Hewlett-Packard Co. COM 428236103 88009 3014 X X
Hilton Hotels COM 432848109 8035 360 X X
Home Depot COM 437076102 50536 1325 X X
Homefed Corp COM 43739d307 1450 25 X X
Honeywell International Inc. COM 438516106 150000 4000 X X
Hospira, Inc. COM 441060100 2417 59 X X
I2 Technologies Inc. COM 465754109 746 40 X X
IBEAM Broadcasting COM 45073p408 0 45 X X
IDEXX Laboratories, Inc. COM 45168D104 669 10 X X
IDM Pharma Inc. COM 449394105 91 17 X X
IDX Systems Corporation COM 449491109 43180 1000 X X
IMS Health, Inc. COM 449934108 4027 160 X X
ITC DeltaCom COM 45031t872 16 7 X X
Imax Corporation COM 45245E109 1953070 187255 X X
Immunogen Inc. COM 45253H101 14680 2000 X X
Impac MTG Holdings Inc. COM 45254P102 18390 1500 X X
Imperial Chem Ind Plc COM 452704505 42240 2000 X X
Inco Limited COM 453258402 3779257 79815 X X
Indymac Bancorp Inc. COM 456607100 3958 100 X X
Infosys Technologies Limited COM 456788108 11142 150 X X
Ingersoll-Rand Company LimiteCOM G4776G101 7646 200 X X
Innovex Inc. COM 457647105 8500 2000 X X
Inovio Biomedical Corp. COM 45773H102 680 250 X X
Insmed Inc. COM 457669208 4422 3300 X X
Intel Corp. COM 458140100 71855 2915 X X
Intercapital Quality Muni IncCOM 45844G109 9042 650 X X
International Business MachinCOM 459200101 8022 100 X X
International Game TechnologyCOM 459902102 4007205 148415 X X
International Paper COM 460146103 14900 500 X X
International Rectifier CorpoCOM 460254105 108417 2405 X X
Itron, Inc. COM 465741106 13698 300 X X
J.P. Morgan Chase & Co. COM 46625H100 94325 2780 X X
JDS Uniphase Corp. COM 46612J101 11322 5100 X X
Jabil Circuit Inc. COM 466313103 3092 100 X X
JetBlue Airways Corporation COM 477143101 4400 250 X X
Johnson & Johnson COM 478160104 78657 1243 X X
Johnson Controls COM 478366107 6205 100 X X
Jupiter Enterprises Inc New COM 48205Q203 425 500 X X
Kadant COM 48282T104 160 8 X X
Keithley Instruments COM 487584104 21900 1500 X X
KeraVision Inc. COM 492061106 0 500 X X
Kimberly-Clark Corp. COM 494368103 3274 55 X X
Kinross Gold Corporation COM 496902206 2304 300 X X
Kohl's Corporation COM 500255104 25090 500 X X
Koor Industries COM 500507108 1590 150 X X
Krispy Kreme Doughnuts, Inc. COM 501014104 1252 200 X X
Kroger Company COM 501044101 10295 500 X X
LSI Logic COM 502161102 4925 500 X X
Labor Ready Incorporated COM 505401208 25650 1000 X X
Las Vegas Sands Corp COM 517834107 19746 600 X X
Leucadia National COM 527288104 27153 630 X X
Libbey Inc. COM 529898108 30400 2000 X X
Liberty Global C COM 530555309 20677 803 X X
Liberty Global INC COM SER A COM 530555101 14304 528 X X
Liberty Media Corp. CL B COM 530718204 22688 2750 X X
Liberty Media Corp. SR A COM 530718105 119889 14893 X X
Lincoln National Corp. COM 534187109 119958 2306 X X
Liz Clairborne, Inc. COM 539320101 13565 345 X X
Loews Corp. COM 540424108 18482 200 X X
Lowes Companies COM 548661107 25760 400 X X
Lucent Technologies COM 549463107 19503 6001 X X
MDU Resources Group, Inc. COM 552690109 10695 300 X X
MPTV Incorporated COM 553424409 0 20000 X X
MS DW STR Saturn COM 80409r109 51180 2000 X X
Manhattan Scientifics Inc. COM 563122100 72 1000 X X
Marvell Technology Group COM G5876H105 16139 350 X X
Masco Corporation COM 574599106 1534 50 X X
Matria Healthcare Inc. COM 576817209 3097765 82060 X X
McGraw-Hill Companies, Inc. COM 580645109 190719 3970 X X
MedCath Corporation COM 58404W109 2280 96 X X
Medco Health Solutions, Inc. COM 58405u102 20013 365 X X
Medtronic, Inc. COM 585055106 142897 2665 X X
Mellon Financial Corp. COM 585509102 40026 1252 X X
Merck & Co., Inc. COM 589331107 16326 600 X X
Mesabi Trust COM 590672101 38920 2000 X X
Micro Component Tech COM 59479Q100 340 2000 X X
Microsoft Corp. COM 594918104 775837 30153 X X
Microwave Filter Co. Inc. COM 595176108 153 100 X X
Mine Safety Appliances COM 602720104 4838 125 X X
Monaco Coach Corp. COM 60886R103 6633 450 X X
Moody's Corporation COM 615369105 38821 760 X X
Morgan Stanley Dean Witter anCOM 617446448 56637 1050 X X
Motorola, Inc. COM 620076109 22030 1000 X X
Mueller Industries Inc COM 624756102 2777 100 X X
Muni Yield Quality COM 626302103 47059 3131 X X
NICE-Systems Ltd. ADR COM 653656108 6666096 147480 X X
Nabors Industries LTD COM G6359F103 4002727 55725 X X
Nano-Proprietary Inc. COM 63007x108 6266 2600 X X
Natl Oilwell Varco COM 637071101 3537079 53755 X X
Neenah Paper Inc. COM 640079109 14679 501 X X
Nektar Therapeutics COM 640268108 1695 100 X X
Nevada Gold & Casinos Inc. COM 64126Q206 11260 1000 X X
New Plan Excel Realty Trust COM 648053106 20655 900 X X
Newell Rubbermaid Inc. COM 651229106 4530 200 X X
Nike Inc. COM 654106103 1634 20 X X
Nisource Inc. COM 629140104 1916 79 X X
Noble Affiliates COM 654894104 18760 400 X X
Nokia Corp. COM 654902204 11499 680 X X
Norfolk Southern COM 655844108 36504 900 X X
Nortel Networks Corp. COM 656568102 33415 10250 X X
Northern Orion Resources COM 665575106 2940 1000 X X
Novell COM 670006105 11175 1500 X X
OGE Energy Corp. COM 670837103 1855 66 X X
Occidental Petroleum COM 674599105 111059 1300 X X
Omranco Pete Corp COM 68212p105 0 1000 X X
Onstream Media Corporation COM 682875109 597 533 X X
Oracle Systems COM 68389X105 2480 200 X X
Orbital Sciences Corp. COM 685564106 3750 300 X X
Otter Tail Power COM 689648103 40222 1300 X X
PG^E Corp. COM 69331C108 24924 635 X X
PIMCO High Income Fund COM 722014107 22350 1500 X X
Paccar COM 693718108 20367 300 X X
Palatin Tech Inc. COM 696077304 1150 500 X X
Palm, Inc. COM 696643105 57 2 X X
Pan American Silver Corp COM 697900108 1766 100 X X
Patterson Companies, Inc. COM 703395103 8006 200 X X
Paychex Inc. COM 704326107 37535 1012 X X
Peabody Energy Corp COM 704549104 25305 300 X X
Pentair Inc. COM 709631105 69569 1906 X X
PepsiCo, Inc. COM 713448108 82230 1450 X X
PerkinElmer, Inc. COM 714046109 72619 3565 X X
Pfizer, Inc. COM 717081103 179160 7175 X X
Photomedex Inc. COM 719358103 11018 5297 X X
Pinnacle Airlines COM 723443107 650 100 X X
Pinnacle West COM 723484101 4408 100 X X
Plug Power Inc. COM 72919P103 34109 5016 X X
Plum Creek Timber Co. COM 729237107 37910 1000 X X
Previo Inc. COM 74138B105 8 125 X X
Primus Telecommunications GroCOM 741929103 408 400 X X
Procter & Gamble Co. COM 742718109 6798300 114334 X X
Professional Trans GP LTD COM 742963101 2 1500 X X
Progress Energy, Inc. COM 743263105 8950 200 X X
Puget Sound Energy, Inc. COM 745310102 30289 1290 X X
Quality Systems, Inc. COM 747582104 24182 350 X X
Questar Corp. COM 748356102 147337 1672 X X
Quiksilver, Inc. COM 74838C106 170004 11765 X X
Qwest Communications COM 749121109 869 212 X X
R.H. Donnelley Corporation COM 74955W307 3796 60 X X
Regi US INC. COM 758943104 3200 5000 X X
Renaissance GLF New COM 75966T308 0 300 X X
Rentech Inc. COM 760112102 2530 1000 X X
Royal Caribbean Cr COM v7780t103 47520 1100 X X
Royal Dutch Petroleum Co. COM 780257804 113040 1800 X X
Royal Dutch Shell A COM 780259206 129967 1980 X X
SBC Communications Inc. COM 78387G103 52734 2200 X X
Samaritan Pharmaceuticals, InCOM 79586q108 7800 15000 X X
SanDisk Corporation COM 80004C101 57888 1200 X X
Scana Corp. COM 80589M102 8448 200 X X
Schlumberger Ltd. COM 806857108 729465 8645 X X
Scientific Atlanta Inc. COM 808655104 11253 300 X X
Scottish Annunity & Life HoldCOM G7885T104 2384 100 X X
Scotts Co. Cl A COM 810186106 101120 1150 X X
Sears Holdings Corporation COM 812350106 3857 31 X X
Sepracor Inc. COM 817315104 23596 400 X X
Shuffle Master, Inc. COM 825549108 2705837 102455 X X
Silverzipper.com Inc. COM 828529107 0 450 X X
Sirius Satellite Radio Inc. COM 82966U103 3270 500 X X
SkyWest Inc. COM 830879102 13410 500 X X
Smartserv Online Inc. New COM 83169M302 976 1991 X X
Sonic Corp. COM 835451105 6154 225 X X
Southern Co. COM 842587107 17880 500 X X
Southmark Corp. New COM 844544809 0 353 X X
Southwest Airlines Co. COM 844741108 2970 200 X X
Specialty Prods & Insulation COM 847508108 1225 7 X X
Spherion Corp. COM 848420105 7600 1000 X X
Sprint Nextel Corp COM 852061100 5945 250 X X
Starbucks Corp. COM 855244109 20040 400 X X
State Street Boston Corp. COM 857477103 29352 600 X X
Statoil ASA ADR COM 85771P102 2469 100 X X
Stericycle, Inc COM 858912108 5571268 97485 X X
Streamline.com Inc COM 863239109 0 100 X X
Sun Microsystems COM 866810104 2358 600 X X
Suncor Energy Inc. COM 867229106 4636001 76590 X X
Susquehanna Bancshares COM 869099101 45561 1896 X X
Symantec Corp. COM 871503108 13301 587 X X
Symbol Technologies, Inc. COM 871508107 17056 1762 X X
TJX Cos Inc. New COM 872540109 18227 890 X X
TXU Corp. COM 873168108 163676 1450 X X
Taiwan Semiconductor MFG Co COM 874039100 2326 283 X X
Target Corporation COM 87612E106 50891 980 X X
Tarragon Realty Investors, InCOM 876287103 37120 2000 X X
Tellabs, Inc. COM 879664100 2630 250 X X
Tenaris S.A. COM 88031M109 27568 200 X X
Tenfold Corp COM 88033a103 71 198 X X
Tesco Corporation COM 88157k101 1573 100 X X
Tetra Tech Inc.New COM 88162G103 2944 175 X X
Texas Instruments COM 882508104 1898915 56015 X X
The Directv Group COM 25459L106 8554 571 X X
The Estee Lauder Co. COM 518439104 6966 200 X X
The Pepsi Bottling Group COM 713409100 9993 350 X X
The SCO Group, Inc. COM 78403A106 5852 1400 X X
Thermo Electron COM 883556102 95481 3090 X X
Thornburg MTG Inc COM 885218107 2506 100 X X
Tibco Software, Inc. COM 88632Q103 10032 1200 X X
Time Warner Inc. COM 887317105 81495 4500 X X
Total S.A. France COM 89151E109 54328 400 X X
TreeHouse Foods Inc. COM 89469A104 538 20 X X
Triad Hospitals, Inc. COM 89579K109 10186 225 X X
Tyler Technologies, Inc. COM 902252105 5713 690 X X
Tyson Foods, Inc. COM 902494103 1805 100 X X
UCN Inc COM 902636109 39 20 X X
US Bancorp COM 902973304 56160 2000 X X
US Worldlink, Inc. COM 91274A105 13 500 X X
USX-Marathon Group Inc. COM 565849106 13786 200 X X
UTStarcom, Inc. COM 918076100 2043 250 X X
Unico Inc. (Ariz.) COM 904622107 75 15000 X X
Union Pacific Corp. COM 907818108 264430 3688 X X
United Technologies Corp. COM 913017109 23328 450 X X
UnitedHealth Group Inc. COM 91324P102 15174 270 X X
Univision Communication Inc. COM 914906102 1662237 62655 X X
Usana Inc. COM 90328M107 81090 1700 X X
VCA Antech, Inc. COM 918194101 201991 7915 X X
Vail Resorts Inc. COM 91879Q109 5750 200 X X
Valero Energy Corp New COM 91913Y100 22612 200 X X
Value America Inc COM 92038n102 0 100 X X
ValueClick Inc. COM 92046N102 6447459 377265 X X
Varian Medical Systems COM 92220P105 8961263 226810 X X
Vencor as Kindred Healthcare COM 92260r102 0 10 X X
Ventas, Inc. COM 92276F100 8050 250 X X
VeriSign, Inc. COM 92343E102 3800761 177855 X X
Verizon Communications COM 92343V104 44197 1352 X X
Vip Comlink COM 918239104 1 10000 X X
WGL Holdings Inc. COM 92924f106 7677 239 X X
WPS Resources Corp. COM 92931B106 69360 1200 X X
Wachovia Corp. COM 929903102 527726 11089 X X
Walgreen Co. COM 931422109 22811 525 X X
Walt Disney Company COM 254687106 657832 27262 X X
Waste Management Inc COM 94106L109 2861 100 X X
Watson Pharmaceuticals, Inc. COM 942683103 732 20 X X
WebSideStory Inc. COM 947685103 1772 100 X X
Webb Interactive Services IncCOM 94748P104 15 100 X X
Weingarten Realty Investors SCOM 948741103 100303 2650 X X
Wells Fargo & Co. COM 949746101 465924 7955 X X
West Marine, Inc. COM 954235107 7390 500 X X
Western Gas Resources Inc. COM 958259103 10246 200 X X
Williams Companies, Inc. COM 969457100 25050 1000 X X
Wintrust Financial Corp. COM 97650W108 7539 150 X X
Wipro LTD COM 97651M109 10360 1000 X X
Wisconsin Energy Corp. COM 976657106 7944 199 X X
Wm. Wrigley Jr. Co. COM 982526105 47081 655 X X
Worldgate Communications Inc.COM 98156L307 252 100 X X
XTO Energy Inc. COM 98385X106 12055 266 X X
Xcel Energy, Inc. COM 98389B100 18512 944 X X
Xenoport Inc. COM 98411C100 1650 100 X X
York International Corp. COM 986670107 106533 1900 X X
Yum! Brands, Inc. COM 988498101 31224 645 X X
Zevex Intl Inc New COM 98950E400 14883 3000 X X
Zimmer Holdings, Inc. COM 98956P102 22871 332 X X
Zions Bancorp COM 989701107 39171 550 X X
Zoran Corporation COM 98975f101 38610 2700 X X
Zweig Total Return Fund Inc. COM 989837109 25798 5049 X X
Iomed, Inc. 10/24/98 COM 462028101 716 290 X X
Cabcco Aol Time Warner 7 5/8%COM 126794205 26550 1000 X X
Costal Finance I TOPRS 8.375%COM 190463208 23982 1000 X X
Marshall & Ilsley CorporationCOM 571834209 27020 1000 X X
Ml Capital Trust COM 59021g204 26158 1000 X X
Public Svc Elec & Gas Co Pfd COM 744567603 2294 25 X X
Royal Bk Scot Pr G 7.40% COM 780097887 25730 1000 X X
Txu Europe Cap I Pfd 9.75% COM 87316s203 2504 400 X X
Wells Fargo Cap Iv 7 COM 94976y207 44590 1750 X X
Wells Fargo Cap. Tr Vii COM 94979B204 24600 1000 X X
Zions Cap Tr B 8.00% 09/01/32COM 989703202 26550 1000 X X
Diamonds Trust Ser 1 COM 252787106 559206 5288 X X
Nasdaq 100 Index COM 631100104 443649 11243 X X
Standard & Poors Depository RCOM 78462F103 592561 4816 X X
Turkish Invest Fund COM 900145103 84753 4300 X X
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Merck & Co., Inc. COM 589331107 13605 500 X X
Aeterna Zentaris Inc. COM 007979990 642912 133940 X X
Exxon Mobil Corp. COM 30231g102 38124 600 X X
General Electric COM 369604103 22018766 653958 X X
Johnson & Johnson COM 478160104 134786 2130 X X
Valspar Corp. COM 920355104 6313570 282360 X X
Abbey Natl NTS COM 002920601 44870 1750 X X
Lehman Abs Aon Cap COM 21988g825 50640 2000 X X
Lehman Abs Co SR 2001-12 COM 21988g817 51060 2000 X X
Correctional Properties TrustCOM 22025E104 8235 280 X X
Delaware Group Div and IncomeCOM 245915103 22212 1800 X X
Eaton Vance Enhanced Equity ICOM 278277108 14670 750 X X
Eaton Vance Floating Rate IncCOM 278279104 88300 5000 X X
Evergreen Income Advantage COM 30023Y105 113220 7650 X X
ING Clarion GI Rl Est Fd COM 44982G104 13027 825 X X
MFS Interm Income SBI COM 55273c107 25920 4000 X X
Montgomery St Icm COM 614115103 2109 120 X X
Muniholding Fund Inc. COM 62625H107 116410 7000 X X
Muniyield Cali Insured FD IncCOM 62629l104 53909 3700 X X
Nicholas Applegate Conv & IncCOM 65370g109 99605 6667 X X
Northern Border Partners LP COM 664785102 23925 500 X X
Nuveen Cal. Qual Income Muni COM 670985100 86240 5600 X X
Pimco Corporate Income FD COM 72200u100 563 37 X X
Pimco Mun Inc FD III COM 72201a103 16187 1045 X X
Pioneer High Income COM 72369h106 183451 11125 X X
Putnam Master Intern'l Inc. TCOM 746909100 18125 2900 X X
Sudder RREEF Real Estate FundCOM 81119Q100 11506 530 X X
Templeton Global Income Fund COM 880198106 11822 1362 X X
Westamerica Bancorporation COM 957090103 142089 2751 X X
AIM Financial Services FD COM 00142f600 22097 783.857 X X
AIM Global Health Care Fund COM 00141t171 21333 700.375 X X
Alliance Emerging Market DebtCOM 01859m101 26588 2990.774 X X
Allianz FDS Multi-Manager GLBCOM 018919498 3553 98 X X
American Century I^G FD COM 02507M303 29740 938.469 X X
American Century QuantitativeCOM 02507M600 1880 80.821 X X
American Century Select Fund COM 025083502 1748 47.003 X X
American Century Small Cap VaCOM 025076852 31976 2952.541 X X
American Funds Capital World COM 140543307 10049 276.225 X X
American Funds Growth FD COM 399874403 48685 1643.082 X X
Artisan Intl. FD COM 04314H204 44234 1812.851 X X
Black Oak Emerging TechnologyCOM 671081404 337 154.44 X X
Calamos Growth FD CL A COM 128119302 29305 536.617 X X
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Clipper Fund COM 188850101 13809 156.207 X X
Columbia Acorn Cl Z COM 197199409 35218 1231.399 X X
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Credit Suisse Int'l Focus FunCOM 22544L506 6102 447.371 X X
Credit Suisse Large Cap. COM 22540y825 83952 3884.85 X X
Davis New York Venture FD CL COM 239080104 5566 170.333 X X
Davis New York Venture Fund CCOM 239080302 19206 612.032 X X
Dodge Cox Stock Fund COM 256219106 260834 1916.349 X X
Dreyfus Small Company Value COM 26200C403 3828 142.445 X X
Eaton Vance Balanced Fund ClaCOM 277905865 6831 1001.598 X X
Eaton Vance FL-RT & HI Incm COM 277911574 78668 8093.463 X X
Eaton Vance Strategic Income COM 277911772 38177 4796.163 X X
EuroPacific Growth Fund A COM 298706102 36078 895.008 X X
Evergreen Adjustable Rate FD COM 299913301 54236 5838.052 X X
Excelsior Value & RestructuriCOM 300722782 46599710082.143 X X
FBR Small Cap Fund COM 30246j307 38151 908.784 X X
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Federated US Govt Security FuCOM 31428M100 94699 9044.83 X X
Fidelity - Equity Income FundCOM 316145101 339 13.998 X X
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Fidelity Contrafund COM 316071109 88757 1397.086 X X
Fidelity Disciplined Equity COM 316066208 215 7.86 X X
Fidelity Diversified Intl COM 315910802 28039 878.43 X X
Fidelity Dividend Growth FundCOM 316389402 63195 2235.413 X X
Fidelity Fifty COM 31617f106 2411 110.304 X X
Fidelity Four-In-One Index COM 31634r109 4438 169.435 X X
Fidelity Freedom 2025 COM 315792663 3201 271.755 X X
Fidelity Freedom 2030 COM 31617r704 6377 432.599 X X
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Fidelity Growth & Income COM 316389204 48093 1293.517 X X
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Fidelity Low Price Stock AD COM 316345305 117842 2854.007 X X
Fidelity New Millennium Fund COM 316200302 70709 2090.759 X X
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Fidelity Select Computers COM 316390871 7212 202.936 X X
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Fidelity Stock Selector COM 316066307 10221 426.223 X X
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Franklin Fed Interm T/F A COM 354723710 160985 14072.12 X X
Franklin Federal T/F Inc A COM 353519101 53920 4441.511 X X
Franklin High Yield Tax-Free COM 354723702 52066 4825.427 X X
Franklin Templeton Founding ACOM 35472p844 43162 3364.172 X X
Franklin US Govt Securites FnCOM 353496607 10946 1676.224 X X
Gabelli Growth Fund COM 362398109 21363 768.161 X X
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Goldman Sachs Mid Cap Value CCOM 38142v720 16282 436.627 X X
Growth Fund of America COM 399874106 65141 2188.158 X X
Guinness Atkinson Global InnoCOM 46129X601 5252 368.055 X X
Harbor Cap Appr. Fund Instl. COM 411511504 23158 750.651 X X
Heartland Value COM 422359109 17187 340.133 X X
Invesco Util Fund Invest CL COM 00142f543 29120 1994.523 X X
Investment Co. of Amer. AmeriCOM 461308108 17385 548.597 X X
Janus Growth and Income Fund COM 471023200 19441 548.709 X X
Janus Small Cap Value Inv. ShCOM 471023572 6665 208.083 X X
Jensen Portfolio, Inc. Fund COM 476313101 57760 2443.311 X X
Leuthold Core Investment COM 527289102 44537 2544.99 X X
Longleaf Partners Small Cap FCOM 543069207 22909 723.149 X X
MFS Bond Fund C COM 55272P703 27 2.152 X X
MFS Global Growth Fund A COM 552989303 10286 501.261 X X
MFS High Income Class B COM 552984205 11083 2863.765 X X
MFS Total Return Class A COM 552981300 4877 302.756 X X
Managers Fremont Micro Cap FuCOM 561717661 122 3.854 X X
Marsico Growth Fund COM 573012200 29498 1630.611 X X
Meridian Growth Fund COM 589619105 9391 261.82 X X
Montgomery Short Duration GovCOM 94975j540 44244 4455.568 X X
Mutual Qualified Fund CL Z COM 628380206 11535 553.238 X X
Neuberger & Berman Genesis COM 641224100 17123 490.217 X X
New Perspective Fund Inc COM 648018109 590 19.992 X X
Northern Technology COM 665162798 2960 260.146 X X
Nuveen Arizona Municipal BondCOM 67065l104 24489722759.934 X X
Nuveen Flagship American MuniCOM 67065Q863 76 6.952 X X
Oakmark Fund COM 413838103 30310 743.797 X X
Oppenheimer Capital AppreciatCOM 68379A107 6494 156 X X
Oppenheimer Strategic Income COM 68380K102 23081 5318.119 X X
PIMCO Total Return Instl COM 693390700 8 0.755 X X
Painewebber Pace Gov't. Sec. COM 561657206 10063 765.239 X X
Pimco High Yield Class B COM 693390361 15655 1600.764 X X
Pimco High Yield Ins. COM 693390841 10 1.018 X X
Pin Oak Aggressive Stock COM 671081206 2509 117.205 X X
Pioneer Hig Yld FDC COM 72369B307 3482 300.657 X X
Pioneer Mid Cap Value Fund ClCOM 72375Q108 11758 493.84 X X
Putnam Arizona Tax Exempt IncCOM 746441104 9815310554.112 X X
Putnam FD For Growth & IncomeCOM 746761105 28535 1440.448 X X
Putnam George FD Boston SH BECOM 746758101 66656 3634.482 X X
Putnam U.S Govt. Income TrustCOM 746885102 44096 3353.329 X X
Royce Low Priced Stock Fund COM 780905808 31124 1957.454 X X
Royce Opportunity Fund COM 780905832 3106 227.384 X X
Schwab 1000 Fund COM 808517106 10646 296.804 X X
Schwab International Index FuCOM 808509103 2126 121.506 X X
Schwab S^P 500 COM 808509707 80869 4227.339 X X
Schwab S^P 500 Inv Shrs COM 808509608 1989 104.083 X X
Schwab S/I T-F Bond Fund COM 808517601 6133 586.335 X X
Schwab Small-Cap Index Fund COM 808509202 3019 131.161 X X
Scudder Growth & Income Fund COM 460965882 7620 338.357 X X
Selected American Shs Inc COM 816221105 47819 1228.327 X X
Sound Shore Fund Inc. COM 836083105 27924 712.706 X X
Spartan 500 Index COM 315912204 63319 743.356 X X
T. Rowe Price Blue Chip GrowtCOM 77954Q106 8275 263.197 X X
T. Rowe Price Dividend GrowthCOM 779546100 1733 75.289 X X
T. Rowe Price Intl Stock FundCOM 77956H203 15478 1087.723 X X
T. Rowe Price Mid Cap Growth COM 779556109 31887 580.61 X X
TIAA-CREF Mid-Cap Growth FundCOM 87244w888 4815 285.224 X X
TIAA-CREF Mid-Cap Value Fund COM 87244w854 5106 291.41 X X
TIAA-CREF Small-Cap Equity FuCOM 87244w821 8872 564.721 X X
The Growth Fund of America B COM 399874205 3626 125.995 X X
The Weitz Funds, Parners ValuCOM 94904p609 28650 1271.065 X X
Turner Midcap Growth Fund COM 900297409 31587 1196.946 X X
Turner Short Duration Fixed ICOM 21038a877 92402 9361.912 X X
Turner Ultra Short Duration FCOM 21038a802 43075 4273.343 X X
Tweedy Browne Global Value FuCOM 901165100 40242 1543.63 X X
USAA Tax Exempt Int-term FundCOM 903289205 52557 3972.583 X X
Unique 2018 Portfolio COM NH2018909 16788 1329.179 X X
Vanguard Bond Index Fund TBMPCOM 921937108 12890 1274.938 X X
Vanguard Equity Income Fund ICOM 921921102 184051 7756.042 X X
Vanguard IT Sm. Cap. Stock PoCOM 922908702 27913 980.426 X X
Vanguard Index Trust 500 PortCOM 922908108 78723 695.433 X X
Vanguard Index Trust ExtendedCOM 922908207 57745 1712.484 X X
Vanguard Inter Term Treasury COM 922031802 14794 1339.997 X X
Vanguard Intl. Growth COM 921910204 12781 617.157 X X
Vanguard Life Strategy COM 921909503 4181 201.204 X X
Vanguard Total Intl Stock IndCOM 921909602 2659 190.457 X X
Vanguard Total Stock Market ICOM 922908306 101122 3426.691 X X
Vanguard Windsor II Fund COM 922018205 13565 417.005 X X
Vanguard/Windsor FD #22 COM 922018106 9089 497.471 X X
Wasatch Growth Fund COM 936772201 63674 1450.104 X X
Wasatch Micro Cap Fund COM 936772508 130240 17204.71 X X
Wasatch Small Cap Growth FundCOM 936772102 56021 1358.751 X X
Wasatch Small Cap Value Fund COM 936793207 9072216000.288 X X
Wasatch Ultra Growth COM 936772409 61687 2204.687 X X
Washington Mutual Investors FCOM 939330106 1256 40.614 X X
Weitz Value FD COM 94904p203 29568 836.211 X X
White Oak Growth Stock Fund COM 671081107 12673 391.989 X X
Advisor's Disciplined Income COM 30267q347 271912 297 X X
Bp Prudhoe Bay Royalty Trust COM 055630107 19780 250 X X
Corporate Income Fund Series COM 219906849 10 10 X X
First Trust Dow Target 10 12/COM 30268f654 11245 1206.574 X X
Ft Advisors Disciplined IncomCOM 30267J368 263871 262 X X
Units Equity Inc. Fund S^p 50COM 294700604 179345 448363 X X
Van Kampen Unit 459 Great IntCOM 92116v471 42487 3494 X X
Van Kampen Unit Trust 459 GreCOM 92116v455 10385 854 X X
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