Albion Financial as of March 31, 2006
Portfolio Holdings for Albion Financial
Albion Financial holds 0 positions in its portfolio as reported in the March 2006 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 15360 3000 X X
3M Company COM 88579Y101 622096 8219 X X
A C Moore Arts & Crafts Inc. COM 00086T103 1840 100 X X
AT^T Corp. COM 00206r102 63679 2355 X X
Abbott Laboratories COM 002824100 81371 1916 X X
Actionview International Inc. COM 00506R109 2 22 X X
Adept Technology Inc. COM 006854202 5000 500 X X
Adobe Systems COM 00724F101 20970 600 X X
Advanced Medical Optics COM 00763M108 7696 165 X X
Advantage Cap Dev Corp. COM 007559107 0 3 X X
Akamai Technologies, Inc. COM 00971T101 15065100 458045 X X
Alcoa Inc. COM 013817101 3056 100 X X
Alexander & Baldwin COM 014482103 2622 55 X X
Alexion Pharmaceuticals, Inc. COM 015351109 24794 700 X X
Allergan Inc. COM 018490102 80290 740 X X
Allscripts Healthcare SolutionsCOM 01988p108 5313159 290178 X X
Alltel Corporation COM 020039103 47915 740 X X
Altiris Inc Com COM 02148m100 74834 3400 X X
Altria Group, Inc. COM 02209S103 17715 250 X X
Amazon Com, Inc. COM 023135106 3653 100 X X
Amerada Hess Corporation COM 023551104 28480 200 X X
Ameren Corporation COM 023608102 9964 200 X X
American Consolidated MGT GRP COM 025225103 35 120 X X
American Electric Power COM 025537101 34020 1000 X X
American Italian Pasta Company COM 027070101 1252 200 X X
American Water Star Inc. COM 030409106 60 3000 X X
Amgen Corp. COM 031162100 5315115 73060 X X
Anadarko Petroleum Corporation COM 032511107 26566 263 X X
Apache Corporation COM 037411105 42844 654 X X
Apple Computer, Inc. COM 037833100 87808 1400 X X
Applied Materials Inc. COM 038222105 31518 1800 X X
Aptargroup, Inc. COM 038336103 183983 3330 X X
Arch Coal Inc COM 039380100 22782 300 X X
Ariel Resources COM 04033r103 2 20000 X X
Atlas Pipeline Partners, L.P. COM 049392103 8460 200 X X
Audible Inc. COM 05069a302 111879 10645 X X
Auto Desk, Inc. COM 052769106 14638 380 X X
Automatic Data Processing, Inc.COM 053015103 39285 860 X X
Avid Technology Inc COM 05367p100 3875111 89165 X X
BHP Billiton Limited COM 088606108 19925 500 X X
BP Amoco PLC COM 055622104 706428 10247 X X
Ball Corporation COM 058498106 8766 200 X X
Bank of America Corp. COM 060505104 167724 3683 X X
Bank of Utah COM 065427106 415500 8310 X X
Bed Bath & Beyond COM 075896100 44160 1150 X X
Berkshire Hathaway CL B COM 084670207 69276 23 X X
Bill Barrett Corporation COM 06846n104 10592 325 X X
Black & Decker COM 091797100 6019392 69276 X X
Blackboard, Inc. COM 091935502 67190 2365 X X
Boeing COM 097023105 130455 1674 X X
Bristol Myers Squibb Co. COM 110122108 17719 720 X X
Broadcom Corporation COM 111320107 12948 300 X X
Burlington Northern Santa Fe CoCOM 12189T104 199992 2400 X X
Burlington Resources, Inc. COM 122014103 36764 400 X X
CTC Communications Group Inc. COM 126419100 15 150 X X
Calamos Asset Management, Inc. COM 12811r104 224213 5995 X X
Canetic Resources Trust COM 137513107 17416 833 X X
Cascade Natural Gas CorporationCOM 147339105 19700 1000 X X
Catapult Communication COM 149016107 7980 600 X X
Caterpillar Inc. COM 149123101 32458 452 X X
Ceragon Networks Ltd. COM m22013102 132756 27600 X X
Cerner Corporation COM 156782104 8268779 174263 X X
Chesapeake Energy COM 165167107 9423 300 X X
ChevronTexaco Corp. COM 166764100 268227 4627 X X
China Natural Resources Inc. COM g2110u109 12 1 X X
Chiron Corporation COM 170040109 18324 400 X X
Cisco Systems COM 17275R102 73938 3412 X X
Citigroup, Inc. COM 172967101 1569075 33222 X X
Citizens Communications COM 177342201 1327 100 X X
Coach Inc. COM 189754104 70128 2028 X X
Coca-Cola Co. COM 191216100 157264 3756 X X
Coeur d'Alene Mines Corp. COM 192108108 984 150 X X
Colorado Casino COM 196334106 0 1000 X X
Comcast CL 'a' COM 20030N101 7848 300 X X
Comcast Corp. New CL A COM 20030n200 187855 7192 X X
Companhia De Saneamento Basico COM 20441A102 4402 200 X X
Computer Sciences Corporation COM 205363104 11110 200 X X
Computerized Thermal Imaging COM 20557c108 563 4500 X X
Conocophillips COM 20825C104 18945 300 X X
Consolidated Plentech ElectroniCOM 20978N105 74 3700 X X
Consumers Power COM 125896100 1088 84 X X
Cooper Cameron Corp. COM 216640102 152517 3460 X X
Corning Inc. COM 219350105 10768 400 X X
Corporate Fin. Co New COM 21989a108 0 500 X X
Costco Wholesale Corp. COM 22160K105 83948 1550 X X
Courier Corp COM 222660102 66510 1500 X X
Cree, Inc COM 225447101 108273 3300 X X
Critical Path Inc COM 22674V506 9 25 X X
Curis Inc. COM 231269101 3570 1500 X X
Cytogen COM 232824102 326 90 X X
Danka Business Sys COM 236277109 3521 2500 X X
Dean Foods Co. COM 242370104 3883 100 X X
Deere & Co. COM 244199105 79050 1000 X X
Del Rio Resources Inc. COM 245370101 0 22500 X X
Dell Computer COM 24702r101 744 25 X X
Delphi Automotive Systems Corp.COM 247126105 48 75 X X
Delta Petroleum Corp. COM 247907207 42040 2000 X X
Dentsply International Inc. COM 249030107 5680686 97690 X X
Developers Diversified Realty CCOM 251591103 5475 100 X X
Devon Energy Corporation COM 25179M103 21410 350 X X
Diamondcluster International COM 25278p106 184168 17212 X X
Discovery Holding Co. COM 25468y107 15945 1063 X X
Discovery Partners Intl. COM 254675101 2430 1000 X X
Dominion Resources COM 25746u109 90498 1311 X X
Donaldson Company, Inc. COM 257651109 3379 100 X X
Dover COM 260003108 92021 1895 X X
Dow Chemical Co. COM 260543103 40600 1000 X X
Du Pont De Nemours COM 263534109 33979 805 X X
Duke Energy Corp. COM 26441c105 79932 2742 X X
Dun & Bradstreet New COM 26483e100 14569 190 X X
E.W. Scripps Company COM 811054204 277649 6210 X X
EBay Inc. COM 278642103 9750 250 X X
East West Bancorp, Inc. COM 27579r104 127793 3315 X X
EastGroup Properties, Inc. COM 277276101 23569 497 X X
Eastman Chemical Co. COM 277432100 690418 13490 X X
Easy Golf Corp COM 27785c107 0 3167 X X
Ecolab Inc. COM 278865100 240507 6296 X X
Edison International COM 281020107 12931 314 X X
Edwards Lifesciences Corp COM 28176E108 3045 70 X X
El Paso Corporation COM 28336L109 48308 4009 X X
Electronic Arts COM 285512109 9576 175 X X
Eli Lilly & Co. COM 532457108 55300 1000 X X
Emerson Electric COM 291011104 58541 700 X X
Endovasc Inc. Ser NDC COM 29267b201 0 5 X X
Energen Corp COM 29265N108 14000 400 X X
Enerplus Resources Fund COM 29274D604 20176 400 X X
Engage Inc. COM 292827102 0 2000 X X
Enterprise Products COM 293792107 43158 1748 X X
Equitable Resources, Inc. COM 294549100 36510 1000 X X
Equity Income Fund Unit 1st ExcCOM 294700703 8622 100 X X
Evans & Sutherland COM 299096107 49716 7744 X X
Exact Identification Corp. COM 300626108 220 10000 X X
Express Scripts Inc. COM 302182100 36566 416 X X
Exxon Mobil Corp. COM 30231G102 3175492 52177 X X
FX Energy, Inc. COM 302695101 20920 4000 X X
Fair Isaac Corporation COM 303250104 7924 200 X X
Federal Resources Corp. COM 313765109 0 30 X X
Federated Dept. DEL NEW COM 31410H101 4526 62 X X
First Data COM 319963104 70558 1507 X X
Firstmerit Corporation COM 337915102 115384 4679 X X
Focus Media Holding Limited - ACOM 34415v109 193207 3330 X X
Fonix Corporation COM 34459U306 0 25 X X
Forest Labs COM 345838106 8926 200 X X
Forest Oil Corp COM 346091705 73802 1985 X X
Foundry Networks, Inc. COM 35063R100 9407 518 X X
Freeport-McMoRan Copper & Gold COM 35671D857 62938 1053 X X
Freescale Semiconductor CL B COM 35687m206 2338 84 X X
Fuelcell Energy Incorporated COM 35952H106 22940 2000 X X
Galaxy Energy COM 36318B106 2800 2500 X X
General Dynamics Corp. COM 369550108 12796 200 X X
General Electric COM 369604103113315768 3258073 X X
General Mills COM 370334104 37098 732 X X
Genesee & Wyoming Inc. COM 371559105 9204 300 X X
Genuine Parts Company COM 372460105 8766 200 X X
Genzyme General Division COM 372917104 15326 228 X X
GlaxoSmithKline COM 37733W105 1046 20 X X
Globalstar Telecommunications LCOM G3930H104 120 12000 X X
Goldcorp Inc. COM 380956409 4388 150 X X
Good Times Restaurants New COM 382140887 1050 200 X X
Google Inc. COM 38259P508 447330 1147 X X
Granite Construction Company COM 387328107 9736 200 X X
Great Plains Energy COM 391164100 19705 700 X X
Groupe Bruxelles Lambert COM b4746j115 22400 200 X X
Gucci Group NV COM 401566104 960 12 X X
Guidant Corp. COM 401698105 7806 100 X X
Harley-Davidson Inc. COM 412822108 36316 700 X X
Harrah's Entertainment Inc. COM 413619107 15592 200 X X
Hawaiian Electric Industries COM 419870100 27130 1000 X X
Headwaters Inc. COM 42210P102 7958 200 X X
Health Care Property INVS Inc. COM 421915109 11360 400 X X
Health Care REIT Inc. COM 42217K106 11430 300 X X
Healthways, Inc. COM 422245100 127095 2495 X X
Hewlett-Packard Co. COM 428236103 100181 3045 X X
Home Depot COM 437076102 56048 1325 X X
Honeywell International Inc. COM 438516106 171080 4000 X X
Hospira, Inc. COM 441060100 7458 189 X X
Housevalues Inc. COM 44183y102 165 20 X X
IBEAM Broadcasting COM 45073p408 0 45 X X
IDM Pharma Inc. COM 449394105 101 17 X X
ITC DeltaCom COM 45031t872 7 7 X X
Idacorp Inc. COM 451107106 5951 183 X X
Ikon Office Solutions COM 451713101 249389 17501 X X
Imax Corporation COM 45245E109 4889336 481708 X X
Immunogen Inc. COM 45253H101 8680 2000 X X
Imperial Chem Ind Plc COM 452704505 48080 2000 X X
Inco Limited COM 453258402 6660728 133508 X X
Indymac Bancorp Inc. COM 456607100 4093 100 X X
Infocrossing, Inc. COM 45664x109 34282 2845 X X
Infosys Technologies Limited COM 456788108 11679 150 X X
Ingersoll-Rand Company Limited COM G4776G101 8358 200 X X
Innovex Inc. COM 457647105 10380 2000 X X
Inovio Biomedical Corp. COM 45773H102 668 250 X X
Insmed Inc. COM 457669208 6435 3300 X X
Intel Corp. COM 458140100 53807 2765 X X
Intercapital Quality Muni IncomCOM 45844G109 9451 650 X X
International Game Technology COM 459902102 5797599 164611 X X
International Paper COM 460146103 17285 500 X X
International Rectifier CorporaCOM 460254105 41637 1005 X X
Invacare Corp COM 461203101 9473 305 X X
Itron, Inc. COM 465741106 17955 300 X X
J.P. Morgan Chase & Co. COM 46625H100 69955 1680 X X
JetBlue Airways Corporation COM 477143101 1608 150 X X
Johnson & Johnson COM 478160104 55193 932 X X
Johnson Controls COM 478366107 7593 100 X X
Jupiter Enterprises Inc New COM 48205Q203 188 500 X X
Kadant COM 48282T104 182 8 X X
KeraVision Inc. COM 492061106 0 500 X X
Kimberly-Clark Corp. COM 494368103 3179 55 X X
Kinross Gold Corporation COM 496902206 3279 300 X X
Kohl's Corporation COM 500255104 5301 100 X X
Krispy Kreme Doughnuts, Inc. COM 501014104 1796 200 X X
Kroger Company COM 501044101 10180 500 X X
LSI Logic COM 502161102 5780 500 X X
Labor Ready Incorporated COM 505401208 11975 500 X X
Las Vegas Sands Corp COM 517834107 33996 600 X X
Leucadia National COM 527288104 37586 630 X X
Libbey Inc. COM 529898108 14160 2000 X X
Liberty Global C COM 530555309 15168 768 X X
Liberty Global INC COM SER A COM 530555101 10092 493 X X
Liberty Media Corp. CL B COM 530718204 22688 2750 X X
Liberty Media Corp. SR A COM 530718105 87297 10633 X X
Lincoln National Corp. COM 534187109 125885 2306 X X
Liz Clairborne, Inc. COM 539320101 14138 345 X X
Loews Corp. COM 540424108 20240 200 X X
Lowes Companies COM 548661107 25776 400 X X
Lucent Technologies COM 549463107 18080 5928 X X
MDU Resources Group, Inc. COM 552690109 10035 300 X X
MPTV Incorporated COM 553424409 0 20000 X X
Macquarie Infrastructure CompanCOM 55607X108 6500 200 X X
Manhattan Scientifics Inc. COM 563122100 50 1000 X X
Manulife Fin Corp COM 56501r106 97356 1551 X X
Mariner Energy Inc. COM 56845t305 32898 1604 X X
Marvell Technology Group COM G5876H105 18935 350 X X
Matria Healthcare Inc. COM 576817209 5883610 154995 X X
Maverick Tube Corporation COM 577914104 11923 225 X X
McDonalds Corp. COM 580135101 41568 1210 X X
McGraw-Hill Companies, Inc. COM 580645109 228751 3970 X X
Medco Health Solutions, Inc. COM 58405u102 19512 341 X X
Medtronic, Inc. COM 585055106 68919 1358 X X
Mellon Financial Corp. COM 585509102 44571 1252 X X
Merck & Co., Inc. COM 589331107 26352 748 X X
Mesabi Trust COM 590672101 34440 1500 X X
Micro Component Tech COM 59479Q100 960 2000 X X
Microsoft Corp. COM 594918104 805770 29613 X X
Microwave Filter Co. Inc. COM 595176108 155 100 X X
Monaco Coach Corp. COM 60886R103 6030 450 X X
Moody's Corporation COM 615369105 42876 600 X X
Morgan Stanley COM 617446448 47115 750 X X
Motorola, Inc. COM 620076109 22910 1000 X X
NICE-Systems Ltd. ADR COM 653656108 8460022 166013 X X
NS Group, Inc. COM 628916108 10357 225 X X
Nabors Industries LTD COM G6359F103 4681690 65405 X X
Nano-Proprietary Inc. COM 63007x108 5980 2600 X X
Natl Oilwell Varco COM 637071101 3990188 62230 X X
Neenah Paper Inc. COM 640079109 16408 501 X X
Nevada Gold & Casinos Inc. COM 64126Q206 9390 1000 X X
New Plan Excel Realty Trust COM 648053106 23346 900 X X
Newell Rubbermaid Inc. COM 651229106 5038 200 X X
Nisource Inc. COM 629140104 1597 79 X X
Noble Affiliates COM 654894104 17568 400 X X
Nokia Corp. COM 654902204 2072 100 X X
Norfolk Southern COM 655844108 97326 1800 X X
Nortel Networks Corp. COM 656568102 30653 10050 X X
Northern Orion Resources COM 665575106 4520 1000 X X
Novell COM 670006105 11520 1500 X X
OGE Energy Corp. COM 670837103 1914 66 X X
Occidental Petroleum COM 674599105 120445 1300 X X
Omranco Pete Corp COM 68212p105 0 1000 X X
Onstream Media Corporation COM 682875109 592 533 X X
Orbital Sciences Corp. COM 685564106 4746 300 X X
Otter Tail Power COM 689648103 11476 400 X X
PG^E Corp. COM 69331C108 29136 749 X X
PIMCO High Income Fund COM 722014107 11303 750 X X
Paccar COM 693718108 21144 300 X X
Palatin Tech Inc. COM 696077304 1365 500 X X
Pan American Silver Corp COM 697900108 2540 100 X X
Paychex Inc. COM 704326107 42160 1012 X X
Peabody Energy Corp COM 704549104 30246 600 X X
PepsiCo, Inc. COM 713448108 78017 1350 X X
PerkinElmer, Inc. COM 714046109 85079 3625 X X
Perrigo Company COM 714290103 11417 700 X X
Pfizer, Inc. COM 717081103 179150 7189 X X
Photomedex Inc. COM 719358103 10117 5297 X X
Pinnacle Airlines COM 723443107 666 100 X X
Pinnacle West COM 723484101 3910 100 X X
Plug Power Inc. COM 72919P103 10080 2016 X X
Potlatch Corp. COM 737628107 42840 1000 X X
Previo Inc. COM 74138B105 8 125 X X
Primus Telecommunications GroupCOM 741929103 308 400 X X
Procter & Gamble Co. COM 742718109 6893470 119616 X X
Professional Trans GP LTD COM 742963101 0 1500 X X
Progress Energy, Inc. COM 743263105 8796 200 X X
Puget Sound Energy, Inc. COM 745310102 27322 1290 X X
Qualcomm Inc. COM 747525103 35427 700 X X
Quality Systems, Inc. COM 747582104 23170 700 X X
Questar Corp. COM 748356102 117124 1672 X X
Quiksilver, Inc. COM 74838C106 171587 12380 X X
R.H. Donnelley Corporation COM 74955W307 3494 60 X X
Regi US INC. COM 758943104 3900 5000 X X
Renaissance GLF New COM 75966T308 0 300 X X
Rentech Inc. COM 760112102 4350 1000 X X
Royal Caribbean Cr COM v7780t103 46222 1100 X X
Royal Dutch Shell A COM 780259206 154405 2480 X X
Samaritan Pharmaceuticals, Inc.COM 79586q108 15620 22000 X X
SanDisk Corporation COM 80004C101 46016 800 X X
Sanofi Aventis COM 80105n105 11863 250 X X
Santarus, Inc. COM 802817304 3735 500 X X
Scana Corp. COM 80589M102 7848 200 X X
Schlumberger Ltd. COM 806857108 1156470 9137 X X
Scottish Annunity & Life HoldinCOM G7885T104 2481 100 X X
Scotts Co. Cl A COM 810186106 107307 2345 X X
Sears Holdings Corporation COM 812350106 4087 31 X X
Sempra Energy COM 816851109 36796 792 X X
Shuffle Master, Inc. COM 825549108 3969963 111079 X X
Silicon Graphics Inc. COM 827056102 6 13 X X
Silverzipper.com Inc. COM 828529107 0 450 X X
Sirius Satellite Radio Inc. COM 82966U103 2535 500 X X
SkyWest Inc. COM 830879102 14635 500 X X
Smurfit-Stone Container CorporaCOM 832727101 3393 250 X X
Sonic Corp. COM 835451105 7904 225 X X
Southern Co. COM 842587107 57479 1754 X X
Southern Copper Corporation COM 84265V105 16896 200 X X
Southmark Corp. New COM 844544809 0 353 X X
Spherion Corp. COM 848420105 10400 1000 X X
Starbucks Corp. COM 855244109 30104 800 X X
State Street Boston Corp. COM 857477103 36258 600 X X
Statoil ASA ADR COM 85771P102 2848 100 X X
Stericycle, Inc COM 858912108 7295387 107888 X X
Streamline.com Inc COM 863239109 0 100 X X
Sun Microsystems COM 866810104 13338 2600 X X
Suncor Energy Inc. COM 867229106 6396750 83053 X X
Susquehanna Bancshares COM 869099101 48860 1896 X X
Symantec Corp. COM 871503108 1885 112 X X
Symbol Technologies, Inc. COM 871508107 698 66 X X
TXU Corp. COM 873168108 120852 2700 X X
Taiwan Semiconductor MFG Co COM 874039100 2847 283 X X
Target Corporation COM 87612E106 50970 980 X X
Tarragon Realty Investors, Inc.COM 876287103 29850 1500 X X
Telecom Corp of New Zealand COM 879278208 2732 100 X X
Tellabs, Inc. COM 879664100 3975 250 X X
Telstra Corporation COM 87969n204 1341 100 X X
Tenfold Corp COM 88033a103 59 198 X X
Tesco Corporation COM 88157k101 1904 100 X X
Tetra Tech Inc.New COM 88162G103 3341 175 X X
Texas Instruments COM 882508104 2117861 65225 X X
The Directv Group COM 25459L106 197 12 X X
The SCO Group, Inc. COM 78403A106 6090 1400 X X
Thermo Electron COM 883556102 116463 3140 X X
Thornburg MTG Inc COM 885218107 2706 100 X X
Tibco Software, Inc. COM 88632Q103 10032 1200 X X
Tiffany & Co. COM 886547108 1051 28 X X
Time Warner Inc. COM 887317105 67160 4000 X X
Total S.A. France COM 89151E109 52692 400 X X
TreeHouse Foods Inc. COM 89469A104 531 20 X X
Tristar Oil & Gas LTD COM 89677A102 576 83 X X
Tyler Technologies, Inc. COM 902252105 7590 690 X X
Tyson Foods, Inc. COM 902494103 1374 100 X X
UAL Corporation COM 902549807 3554 89 X X
UCN Inc COM 902636109 49 20 X X
US Bancorp COM 902973304 61000 2000 X X
US Worldlink, Inc. COM 91274A105 13 500 X X
USX-Marathon Group Inc. COM 565849106 15234 200 X X
Unico Inc. (Ariz.) COM 904622107 15 15000 X X
Union Pacific Corp. COM 907818108 278930 2988 X X
United Technologies Corp. COM 913017109 14493 250 X X
UnitedHealth Group Inc. COM 91324P102 31840 570 X X
Univision Communication Inc. COM 914906102 793 23 X X
Usana Inc. COM 90328M107 70924 1700 X X
VCA Antech, Inc. COM 918194101 232682 8170 X X
VMH Videomoviehouse Com COM 91828M100 87 3000 X X
Vail Resorts Inc. COM 91879Q109 7644 200 X X
Valero Energy Corp New COM 91913Y100 23912 400 X X
ValueClick Inc. COM 92046N102 6853412 405048 X X
Varian Medical Systems COM 92220P105 12941398 230438 X X
Vencor as Kindred Healthcare COM 92260r102 0 10 X X
Ventas, Inc. COM 92276F100 8295 250 X X
VeriSign, Inc. COM 92343E102 792 33 X X
Verizon Communications COM 92343V104 24932 732 X X
Vip Comlink COM 918239104 1 10000 X X
WGL Holdings Inc. COM 92924f106 7269 239 X X
WPS Resources Corp. COM 92931B106 59064 1200 X X
Wachovia Corp. COM 929903102 621538 11089 X X
Wal-Mart Stores COM 931142103 39020 826 X X
Walgreen Co. COM 931422109 17252 400 X X
Walt Disney Company COM 254687106 870001 31194 X X
Waste Management Inc COM 94106L109 6495 184 X X
Watson Pharmaceuticals, Inc. COM 942683103 575 20 X X
WebSideStory Inc. COM 947685103 36529 2125 X X
Webb Interactive Services Inc. COM 94748P104 22 100 X X
Weingarten Realty Investors SBICOM 948741103 102894 2525 X X
Wells Fargo & Co. COM 949746101 467017 7312 X X
West Marine, Inc. COM 954235107 7505 500 X X
Westamerica Bancorporation COM 957090103 142832 2751 X X
Western Gas Resources Inc. COM 958259103 9650 200 X X
Williams Companies, Inc. COM 969457100 31016 1450 X X
Wintrust Financial Corp. COM 97650W108 8726 150 X X
Wipro LTD COM 97651M109 14870 1000 X X
Wm. Wrigley Jr. Co. COM 982526105 40320 630 X X
Worldgate Communications Inc. COM 98156L307 200 100 X X
XTO Energy Inc. COM 98385X106 11590 266 X X
Xcel Energy, Inc. COM 98389B100 13504 744 X X
Xenoport Inc. COM 98411C100 2264 100 X X
Yum! Brands, Inc. COM 988498101 5863 120 X X
Zimmer Holdings, Inc. COM 98956P102 20753 307 X X
Zions Bancorp COM 989701107 45502 550 X X
Zoran Corporation COM 98975f101 10940 500 X X
Zweig Total Return Fund Inc. COM 989837109 24485 5049 X X
Ampal Amer Israel COM 032015208 274 15 X X
Aquila Preferred COM 03840P300 12510 500 X X
Cabcco Aol Time Warner 7 5/8% 0COM 126794205 26000 1000 X X
Consolidated Edison Inc COM 209115203 50800 2000 X X
Marshall & Ilsley Corporation COM 571834209 26510 1000 X X
Ml Capital Trust COM 59021g204 25780 1000 X X
Public Svc Elec & Gas Co Pfd COM 744567603 2275 25 X X
Royal Bk Scot Pr G 7.40% COM 780097887 46720 2000 X X
Wells Fargo Cap Iv 7 COM 94976y207 44153 1750 X X
Wells Fargo Cap. Tr Vii COM 94979B204 23730 1000 X X
Zions Cap Tr B 8.00% 09/01/32 COM 989703202 26110 1000 X X
BLDRS Asia Index Fund COM 09348r102 20264 225 X X
BLDRS Emerging Markets Index FuCOM 09348r300 36198 280 X X
Diamonds Trust Ser 1 COM 252787106 548647 4929 X X
MS India Inv FD COM 61745c105 273500 5470 X X
Nasdaq 100 Index COM 631100104 555614 13251 X X
PS Dynamic Small Cap Value COM 73935x864 25215 1500 X X
PS Water Resource COM 73935x575 27120 1500 X X
PS Zacks Micro Cap COM 73935x740 25875 1500 X X
Standard & Poors Depository RecCOM 78462F103 1012414 7798 X X
Turkish Invest Fund COM 900145103 176496 6935 X X
iShares DJ CSS Index Fund COM 464287580 123700 2000 X X
iShares Dow Jones Select DivideCOM 464287168 3373197 53799 X X
iShares FTSE/Xinhua China 25 InCOM 464287184 186071 2505 X X
iShares Goldman Sachs Natural RCOM 464287374 897511 9352 X X
iShares MSCI Australia Index FuCOM 464286103 1201 60 X X
iShares MSCI Canada COM 464286509 412603 17461 X X
iShares MSCI EAFE Index Fund COM 464287465 504169 7766 X X
iShares MSCI Emerging Market InCOM 464287234 730323 7377 X X
iShares MSCI Germany Index FundCOM 464286806 2305 100 X X
iShares MSCI Japan COM 464286848 436680 30325 X X
iShares MSCI Pacific ex-Japan ICOM 464286665 1289206 12284 X X
iShares MSCI SO Korea COM 464286772 181702 3895 X X
iShares MSCI South Africa COM 464286780 196437 1708 X X
iShares Nasdaq Biotechnology InCOM 464287556 828578 10058 X X
iShares Russell 1000 Index FundCOM 464287622 199770 2826 X X
iShares Russell 1000 Value IndeCOM 464287598 127431 1743 X X
iShares Russell 2000 Index FundCOM 464287655 90860 1196 X X
iShares Russell Midcap Index FuCOM 464287499 1437280 15182 X X
iShares S^P 500 Index Fund COM 464287200 13512 104 X X
iShares S^P/TOPIX150 COM 464287382 159273 1275 X X
iShares TR Cohen & Steers RealtCOM 464287564 79028 920 X X
iShares TR S^P Midcap 400 IndexCOM 464287507 15063 190 X X
iShares TR SP Latin America COM 464287390 224352 1600 X X
iShares GS $ InvesTop CorporateCOM 464287242 817064 7759 X X
iShares Lehman 1-3 Yr COM 464287457 100147 1252 X X
iShares TR Treas Inflation COM 464287176 918124 9122 X X
Aeterna Zentaris Inc. COM 007979990 300949 45392 X X
Exxon Mobil Corp. COM 30231g102 36516 600 X X
General Electric COM 369604103 24754282 711739 X X
Johnson & Johnson COM 478160104 124658 2105 X X
Valspar Corp. COM 920355104 7869373 282360 X X
Correctional Properties Trust COM 15235H107 7014 280 X X
DWS RREEF Real Estate Fund COM 81119Q100 12052 530 X X
Delaware Group Div and Income FCOM 245915103 22176 1800 X X
Eaton Vance Enhanced Equity IncCOM 278277108 14146 750 X X
ING Clarion GI Rl Est Fd COM 44982G104 15139 825 X X
Northern Border Partners LP COM 664785102 23960 500 X X
Archstone-Smith TR COM 039583109 17947 368 X X
DNP Select Income Fund Inc. COM 23325p104 9666 925 X X
Eaton Vance Floating Rate IncomCOM 278279104 90400 5000 X X
Evergreen Income Advantage COM 30023Y105 74359 5300 X X
HYT Corporate HI YLD COM 219932100 20704 1667 X X
MFS Interm Income SBI COM 55273c107 24640 4000 X X
Montgomery St Icm COM 614115103 2047 120 X X
Muni Yield Quality COM 626302103 45243 3131 X X
Muniholding Fund Inc. COM 62625H107 115360 7000 X X
Muniyield Cali Insured FD Inc. COM 62629l104 54242 3700 X X
Nicholas Applegate Conv & IncomCOM 65370g109 102405 6667 X X
Nuveen Cal. Qual Income Muni COM 670985100 85400 5600 X X
Nuveen NY Investment Quality MuCOM 67062x101 29628 2069 X X
Nuveen NY Muni Value Fund COM 67062m105 40215 4211 X X
Nuveen NY Quality Income Muni FCOM 670986108 30341 2081 X X
Nuveen NY Select Quality Muni FCOM 670976109 30660 2090 X X
Pimco Corporate Income FD COM 72200u100 569 37 X X
Pimco Mun Inc FD III COM 72201a103 15393 1045 X X
Pioneer High Income COM 72369h106 186900 11125 X X
Putnam Master Intern'l Inc. TR COM 746909100 17429 2900 X X
Templeton Global Income Fund COM 880198106 81408 9455 X X
AIM Global Health Care Fund B COM 00141t205 2754 96.593 X X
Allianz FDS Multi-Manager GLBL COM 018919498 3955 98 X X
American Century Quantitative ECOM 02507M600 1950 80.821 X X
American Century Select Fund COM 025083502 1801 47.32 X X
American Funds Cap Income BuildCOM 140193400 23098 418.828 X X
American Funds Capital World G/COM 140543307 11110 289.477 X X
American Funds Growth FD COM 399874403 37692 1176.414 X X
Artisan Intl. FD COM 04314H204 45870 1638.2 X X
Calvert Tax Free Reserve Class COM 131620205 45990 4371.669 X X
Clipper Fund COM 188850101 14176 158.478 X X
Columbia Lifegoal Balanced GrowCOM 19765h784 11157 944.721 X X
Columbia Young Investors Z COM 19765n351 392 32.062 X X
Credit Suisse Large Cap. COM 22540y825 72419 3642.8 X X
Diamond Hill Focus Long A COM 25264s403 41141 2376.708 X X
Dodge Cox Stock Fund COM 256219106 300148 2087.118 X X
Dreyfus Small Company Value COM 26200C403 3772 142.445 X X
Eastern European Equity COM 981477615 21162 873.744 X X
Eaton Vance Balanced Fund ClassCOM 277905865 7306 1004.889 X X
Excelsior Value & RestructuringCOM 300722782 427911 8669.181 X X
FPA New Income Fund COM 302544101 15333 1404.164 X X
Fidelity - Equity Income Fund ICOM 316145101 362 15.277 X X
Fidelity Advisor Equity Income COM 315808402 22243 763.317 X X
Fidelity Advisor Intermed Bond COM 315809806 11537 1079.216 X X
Fidelity Canada Fund COM 315910307 2997 65.138 X X
Fidelity Contrafund COM 316071109 94216 1415.934 X X
Fidelity Disciplined Equity COM 316066208 229 7.911 X X
Fidelity Diversified Intl COM 315910802 33391 935.839 X X
Fidelity Dividend Growth Fund COM 316389402 67210 2228.433 X X
Fidelity Fifty COM 31617f106 2680 110.304 X X
Fidelity Growth Company COM 316200104 19854 292.02 X X
Fidelity Low Price Stock AD COM 316345305 110651 2494.395 X X
Fidelity New Millennium Fund COM 316200302 82580 2117.968 X X
Fidelity Select Banking COM 316390640 259 7.024 X X
Fidelity Select Multimedia COM 316390681 40905 844.979 X X
Fidelity Spartan Money Market COM 316413103 69 68.6 X X
Fidelity Strategic Income Fund COM 31638R303 56547 5421.571 X X
Fidelity US Bond Index COM 315911107 68189 6360.892 X X
Fidelity Value Fund COM 316464106 47055 581.645 X X
First Eagle Sogen Global Fund CCOM 32008f507 40490 893.23 X X
Franklin Income Fund CL C COM 353496805 36161 14581.09 X X
Franklin Templeton Founding A COM 35472p844 43532 3364.172 X X
Guinness Atkinson Global InnovaCOM 46129X601 6040 368.055 X X
Harbor Cap Appr. Fund Instl. ClCOM 411511504 24847 751.345 X X
Henderson Intl Opportunities C COM 425067824 6078 293.333 X X
Hodges Fund A Series COM 742935109 21322 831.601 X X
Janus Fund Inc COM 471023101 33483 1243.326 X X
Janus Small Cap Value Inv. SharCOM 471023572 7186 243.413 X X
Leuthold Core Investment COM 527289102 47343 2659.7 X X
Longleaf Partners Small Cap FunCOM 543069207 25233 884.761 X X
Managers Fremont Micro Cap FundCOM 561717661 139 3.854 X X
Marsico Focus Fund COM 573012101 34990 1841.557 X X
Mutual Qualified Fund CL Z COM 628380206 12754 597.932 X X
Neuberger & Berman Genesis COM 641224100 18130 501.098 X X
Oakmark Fund COM 413838103 31830 750.006 X X
Oppenheimer Capital AppreciatioCOM 68379A107 7040 156.892 X X
Oppenheimer Global Fund A COM 683924104 33615 469.223 X X
Oppenheimer Main Street Small CCOM 68381f102 46005 1977.843 X X
PIMCO Total Return Instl COM 693390700 99203 9603.378 X X
Pioneer Hig Yld FDC COM 72369B307 3541 318.438 X X
Pioneer Mid Cap Value Fund ClasCOM 72375Q108 12522 512.581 X X
RS Value Fund COM 74972h309 21128 823.367 X X
Royce Low Priced Stock Fund COM 780905808 38077 2118.938 X X
Royce Opportunity Fund COM 780905832 3699 257.981 X X
Schwab S^P 500 COM 808509707 85989 4299.455 X X
Schwab Yield Plus Select SharesCOM 808525208 50000 5175.983 X X
Scudder Growth & Income Fund COM 460965882 8013 358.19 X X
Style Select Focused Growth andCOM 86703y617 2574 150 X X
T. Rowe Price Blue Chip Growth COM 77954Q106 8854 263.197 X X
T. Rowe Price Dividend Growth COM 779546100 1778 75.289 X X
T. Rowe Price Mid Cap Growth FuCOM 779556109 35323 614.206 X X
T. Rowe Price Mid-Cap Value COM 77957y106 20247 817.056 X X
TIAA-CREF Institutional Growth COM 87244w672 15389 1287.787 X X
TIAA-CREF Institutional Intl EqCOM 87244w748 19554 1479.085 X X
TIAA-CREF Institutional Mid CapCOM 87244w631 28977 1657.746 X X
TIAA-CREF Institutional Small CCOM 87244w565 29547 1806.025 X X
TIAA-CREF Institutional Value ICOM 87244w656 15298 1014.44 X X
TIAA-CREF Mid-Cap Growth Fund COM 87244w888 5364 292.814 X X
TIAA-CREF Mid-Cap Value Fund COM 87244w854 5591 310.072 X X
TIAA-CREF Small-Cap Equity FundCOM 87244w821 10215 619.816 X X
Templeton Smaller Cos Growth FuCOM 88022L102 2099 224 X X
Templeton World Fund CL A COM 880196100 2339 125 X X
The Growth Fund of America B COM 399874205 3931 125.995 X X
Thornburg Core Growth C COM 885215574 6527 414.651 X X
Tweedy Browne Global Value FundCOM 901165100 35177 1231.676 X X
USAA Income Fund COM 903288207 39562 3299.577 X X
USAA S^P 500 Index Fund COM 903288884 24427 1259.111 X X
USAA Tax Exempt Int-term Fund COM 903289205 53103 4062.985 X X
Unique 2018 Portfolio COM NH2018909 17976 1327.646 X X
Vanguard Equity Income Fund IncCOM 921921102 188518 7937.587 X X
Vanguard Index Trust 500 Port COM 922908108 53033 444.762 X X
Vanguard Index Trust Extended MCOM 922908207 65032 1730.023 X X
Vanguard Intl. Growth COM 921910204 4464 193.317 X X
Vanguard Life Strategy COM 921909503 4439 201.204 X X
Vanguard Total Intl Stock IndexCOM 921909602 2975 190.457 X X
Vanguard Total Stock Market IndCOM 922908306 30105 956.023 X X
Vanguard/Windsor FD #22 COM 922018106 8940 497.471 X X
Wasatch Global Technology Fund COM 936793306 9034 601.892 X X
Wasatch Growth Fund COM 936772201 53665 1209.759 X X
Wasatch Heritage Growth Fund COM 936793603 6994 597.809 X X
Wasatch International Growth FuCOM 936793405 17419 780.072 X X
Wasatch Micro Cap Fund COM 936772508 13694319152.849 X X
Wasatch Small Cap Growth Fund COM 936772102 61699 1545.176 X X
Wasatch Small Cap Value Fund COM 936793207 9339116736.654 X X
Wasatch Ultra Growth COM 936772409 62150 2331.19 X X
Alliance Emerging Market Debt FCOM 01859m101 26229 2990.774 X X
Davis New York Venture Fund ClaCOM 239080104 5971 171.69 X X
Eaton Vance Strategic Income FuCOM 277911772 38130 4796.163 X X
Federated Strategic Income FundCOM 31417p502 112060 13000 X X
Federated US Govt Security FundCOM 31428M100 95707 9229.177 X X
Franklin Fed Interm T/F A COM 354723710 158734 14072.12 X X
Franklin Federal T/F Inc A COM 353519101 53835 4475.024 X X
Franklin High Yield Tax-Free InCOM 354723702 52255 4856.39 X X
Franklin Tn Muni Bond Fund CL ACOM 354025405 106223 9458.857 X X
Franklin US Govt Securites Fnd COM 353496607 10892 1696.566 X X
MFS High Income Class B COM 552984205 10997 2863.765 X X
Nuveen Arizona Municipal Bond FCOM 67065l104 24193822759.934 X X
Oppenheimer Strategic Income FuCOM 68380K102 22336 5318.119 X X
Painewebber Pace Govt Sec. FixeCOM 561657206 9808 769.828 X X
Pimco High Yield Ins. COM 693390841 10 1.018 X X
Putnam Arizona Tax Exempt IncomCOM 746441104 9646510554.112 X X
Putnam Tax Exempt Income CL A COM 746870104 22345 2565.391 X X
Putnam US Govt Income Trust COM 746885102 43969 3379.622 X X
Vanguard Bond Index Fund TBMP COM 921937108 12584 1274.938 X X
Advisor's Disciplined Income TrCOM 30267q347 250644 297 X X
Bp Prudhoe Bay Royalty Trust COM 055630107 17673 250 X X
Corporate Income Fund Series 21COM 219906849 10 10 X X
Equity Office Properties Trust COM 294741103 3526 105 X X
Ft Advisors Disciplined Income COM 30267J368 255856 262 X X
Inland Retail Real Estate COM 45746n103 86235 7839.561 X X
Units Equity Inc. Fund S^p 500 COM 294700604 175758 448363 X X
Van Kampen Unit 459 Great Intl COM 92116v471 47957 3595 X X
Van Kampen Unit Trust 459 GreatCOM 92116v455 11392 854 X X
Wells Reit COM 949906101 22152 2546.257 X X
330053639