Albion Financial as of Sept. 30, 2007
Portfolio Holdings for Albion Financial
Albion Financial holds 0 positions in its portfolio as reported in the September 2007 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 (X$1000) Prn Amt Defined Other Managers
---------------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- --------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
3Com Corporation COM 885535104 14820 3000 X X
3M Company COM 88579Y101 778492 8319 X X
AT^T Corp. COM 00206r102 134546 3180 X X
Actionview International Inc. COM 00506R109 1 22 X X
Adobe Systems COM 00724F101 48026 1100 X X
Advantage Cap Dev Corp. COM 007559107 0 3 X X
Akamai Technologies, Inc. COM 00971T101 12850441 447283 X X
Alcatel Lucent COM 013904305 51 5 X X
Alexander & Baldwin COM 014482103 2757 55 X X
Allegheny Technologies Inc. COM 01741r102 128861 1172 X X
Allergan Inc. COM 018490102 81490 1264 X X
Allscripts Healthcare Solutions,COM 01988P108 9686957 358378 X X
Alltel Corporation COM 020039103 51563 740 X X
Altria Group, Inc. COM 02209S103 38242 550 X X
Ameren Corporation COM 023608102 10500 200 X X
American Consolidated MGT GRP COM 025225103 18 120 X X
American Electric Power COM 025537101 46080 1000 X X
Anadarko Petroleum Corporation COM 032511107 28273 526 X X
Anadigics, Inc COM 032515108 273189 15110 X X
Analog Devices, Inc. COM 032654105 54240 1500 X X
Apache Corporation COM 037411105 45390 504 X X
Apple Computer, Inc. COM 037833100 405007 2639 X X
Applied Materials Inc. COM 038222105 81703 3947 X X
Aptargroup, Inc. COM 038336103 504959 13334 X X
Arawak Energy Corp COM 038743100 5793 2300 X X
Arch Coal Inc COM 039380100 20244 600 X X
Ariel Resources COM 04033r103 2 20000 X X
Arkema SA COM 041232109 1215 20 X X
Atheros Communications, Inc. COM 04743p108 8595995 286820 X X
Atlantic Power Corp Units COM 04878Q400 10660 1000 X X
Atlas Pipeline Partners, L.P. COM 049392103 9380 200 X X
Atwood Oceanics Inc. COM 050095108 585684 7650 X X
Auto Desk, Inc. COM 052769106 18989 380 X X
Automatic Data Processing, Inc. COM 053015103 39500 860 X X
Avis Budget Group COM 053774105 2953 129 X X
BHP Billiton Limited COM 088606108 56985 725 X X
BJ Services Co. COM 055482103 6638 250 X X
BP Amoco PLC COM 055622104 674221 9722 X X
Bank NY Mellon Corp COM 064058100 55263 1252 X X
Bank of America Corp. COM 060505104 848306 16875 X X
Bank of Utah COM 065427106 623250 8310 X X
Barclays PLC ADR COM 06738E204 4862 100 X X
Be Aerospace Inc COM 073302101 10383 250 X X
Bed Bath & Beyond COM 075896100 32414 950 X X
Berkshire Hathaway CL B COM 084670207 185744 47 X X
Bill Barrett Corporation COM 06846n104 12808 325 X X
Biogen Idec Inc. COM 09062X103 99163 1495 X X
Bionovo Inc. COM 090643107 3850 1000 X X
Black & Decker COM 091797100 417 5 X X
Blackstone Group L.P. COM 09253U108 2508 100 X X
Bluephoenix Solutions, Ltd COM M20157109 2086221 113320 X X
Boeing COM 097023105 104990 1000 X X
Bristol Myers Squibb Co. COM 110122108 118738 4120 X X
Broadridge Fin Sol COM 11133T103 4111 215 X X
Burlington Northern Santa Fe CorCOM 12189T104 173541 2138 X X
CDC Corporation COM g2022l106 7998459 1091195 X X
CTC Communications Group Inc. COM 126419100 15 150 X X
Cameron International Corp COM 13342b105 1607969 17423 X X
Caterpillar Inc. COM 149123101 35450 452 X X
Ceragon Networks Ltd. COM m22013102 4652815 244885 X X
Cerner Corporation COM 156782104 12737078 212959 X X
Chesapeake Energy COM 165167107 3526 100 X X
ChevronTexaco Corp. COM 166764100 406137 4340 X X
China Bak Battery Inc. COM 16936y100 576949 74158 X X
China Medical Technologies, Inc.COM 169483104 9306654 217496 X X
China Mobile Ltd ADR COM 16941m109 38969 475 X X
Chipotle Mex Grill COM 169656105 591 5 X X
Cimarex Energy Co COM 171798101 475385 12762 X X
Cisco Systems COM 17275R102 13009758 392700 X X
Citadel Broadcasting COM 17285T106 8503 2044 X X
Citigroup, Inc. COM 172967101 9427 202 X X
Citizens Communications COM 17453B101 639961 44690 X X
Clearwire Corp COM 185385309 29181 1194 X X
Coach Inc. COM 189754104 86410 1828 X X
Coca-Cola Co. COM 191216100 189996 3306 X X
Collective Brands Inc COM 19421W100 3309 150 X X
Colorado Casino COM 196334106 0 1000 X X
Comcast CL 'a' COM 20030N101 10881 450 X X
Comcast Cl 'a' COM 20030N101 1451 60 X X
Comcast Corp. New CL A COM 20030n200 122196 5100 X X
Companhia De Saneamento Basico COM 20441A102 9880 200 X X
Computerized Thermal Imaging COM 20557c108 28 2500 X X
Conocophillips COM 20825C104 124458 1418 X X
Consolidated Edison Co. COM 209115104 23150 500 X X
Consolidated Plentech ElectronicCOM 20978N105 37 3700 X X
Constellation Brands, Inc. COM 21036P108 2421 100 X X
Corporate Fin. Co New COM 21989a108 0 500 X X
Costco Wholesale Corp. COM 22160K105 24548 400 X X
Countrywide Fin CP COM 222372104 4753 250 X X
Courier Corp COM 222660102 52815 1500 X X
Coventry Health Care COM 222862104 10887 175 X X
Covidien Ltd COM G2552X108 3528 85 X X
Critical Path Inc COM 22674V506 2 25 X X
Cummins Inc. COM 231021106 12789 100 X X
Curis Inc. COM 231269101 1470 1500 X X
Cytogen COM 232824102 71 90 X X
Deere & Co. COM 244199105 89052 600 X X
Del Rio Resources Inc. COM 245370101 0 22500 X X
Delphi Automotive Systems Corp. COM 247126105 34 75 X X
Delta Petroleum Corp. COM 247907207 44875 2500 X X
Dentsply International Inc. COM 249030107 10196613 244875 X X
Devon Energy Corporation COM 25179M103 93184 1120 X X
Diamond Mgmt & Tech COM 25269l106 79120 8600 X X
Diamond Offshore Drilling COM 25271C102 45316 400 X X
Discover Financial Svcs COM 254709108 8174 393 X X
Discovery Holding Co. COM 25468y107 30668 1063 X X
Discovery Holding Co. COM 25468Y206 8030 275 X X
Dominion Resources COM 25746u109 102087 1211 X X
Donaldson Company, Inc. COM 257651109 4176 100 X X
Dover COM 260003108 96550 1895 X X
Dow Chemical Co. COM 260543103 43060 1000 X X
Du Pont De Nemours COM 263534109 39648 800 X X
Duke Energy Corp. COM 26441c105 51250 2742 X X
Dun & Bradstreet New COM 26483e100 3944 40 X X
E.W. Scripps Company COM 811054204 260820 6210 X X
EBay Inc. COM 278642103 9755 250 X X
ENBC Corp. COM 26874e107 2 3000 X X
EastGroup Properties, Inc. COM 277276101 24156 534 X X
Eastman Chemical Co. COM 277432100 1034982 15510 X X
Easy Golf Corp COM 27785c107 1979 3167 X X
Ecolab Inc. COM 278865100 297171 6296 X X
Edison International COM 281020107 22402 404 X X
Edwards Lifesciences Corp COM 28176E108 3452 70 X X
El Paso Corporation COM 28336L109 67880 4000 X X
Electronic Arts COM 285512109 9798 175 X X
Eli Lilly & Co. COM 532457108 78279 1375 X X
Emerson Electric COM 291011104 82810 1556 X X
Energen Corp COM 29265N108 22848 400 X X
Energizer Holdings, Inc. COM 29266R108 3658 33 X X
Engage Inc. COM 292827102 1 2000 X X
Enterprise Products COM 293792107 52877 1748 X X
Environmental Control COM 29405D101 500 1000 X X
Equitable Resources, Inc. COM 294549100 51870 1000 X X
Equity Income Fund Unit 1st ExchCOM 294700703 12898 100 X X
Exact Identification Corp. COM 300626108 20 10000 X X
Exelon Corporation COM 30161N101 7536 100 X X
Exxon Mobil Corp. COM 30231G102 4874210 52660 X X
FX Energy, Inc. COM 302695101 22350 3000 X X
Federal Resources Corp. COM 313765109 0 30 X X
First Calgary Petroleums Ltd COM 319384301 12164 2500 X X
First Solar Inc. DL COM 336433107 1766 15 X X
Firstmerit Corporation COM 337915102 92457 4679 X X
Fleming Companies Inc. COM 339130106 0 112 X X
Focus Media Holding Limited - ADCOM 34415v109 5786625 99735 X X
Fonix Corporation COM 34459U306 0 25 X X
Forest Labs COM 345838106 7458 200 X X
Foster Wheeler Ltd. COM g36535139 26256 200 X X
Foundry Networks, Inc. COM 35063R100 9205 518 X X
Freeport-McMoRan Copper & Gold ICOM 35671D857 110449 1053 X X
Fuelcell Energy Incorporated COM 35952H106 8890 1000 X X
GMarket, Inc. COM 38012G100 836579 35675 X X
Galaxy Energy COM 36318B106 231 2500 X X
Gen Cable CP COM 369300108 105378 1570 X X
Genelabs Tchnologies, Inc. COM 368706206 160 84 X X
General Dynamics Corp. COM 369550108 16894 200 X X
General Electric COM 369604103141427437 3416122 X X
General Mills COM 370334104 42463 732 X X
General Motors Corp COM 370442105 11928 325 X X
Genuine Parts Company COM 372460105 10000 200 X X
Gilead Sciences, Inc. COM 375558103 16348 400 X X
GlaxoSmithKline COM 37733W105 1064 20 X X
Globecomm Inc New COM 379569205 0 4600 X X
Good Times Restaurants New COM 382140887 1094 200 X X
Google Inc. COM 38259P508 662004 1167 X X
Granite Construction Company COM 387328107 5302 100 X X
Great Plains Energy COM 391164100 20167 700 X X
Gucci Group NV COM 401566104 1176 12 X X
Harley Davidson, Inc. COM 412822108 27726 600 X X
Harris Corporation COM 413875105 300508 5200 X X
Hartford Financial Services COM 416515104 9255 100 X X
Hawaiian Electric Industries COM 419870100 29851 1375 X X
Health Care Property INVS Inc. COM 421915109 13268 400 X X
Health Care REIT Inc. COM 42217K106 13272 300 X X
Hewlett-Packard Co. COM 428236103 248054 4982 X X
Hexcel CP Delaware COM 428291108 22710 1000 X X
Home Depot COM 437076102 21086 650 X X
Honeywell International Inc. COM 438516106 237880 4000 X X
IDM Pharma Inc. COM 449394105 26 17 X X
ITC DeltaCom COM 45031t872 50 7 X X
Idacorp Inc. COM 451107106 5991 183 X X
Idearc Inc. COM 451663108 1146 36 X X
Illinois Tool Works Inc. COM 452308109 6560 110 X X
Immunogen Inc. COM 45253H101 9300 2000 X X
Imperial Chem Ind Plc COM 452704505 106270 2000 X X
Infosys Technologies Limited COM 456788108 14517 300 X X
Ingersoll-Rand Company Limited COM G4776G101 10894 200 X X
Inovio Biomedical Corp. COM 45773H102 338 250 X X
Insmed Inc. COM 457669208 2277 3300 X X
Integra Lifesciences Holdings CoCOM 457985208 888528 18290 X X
Intel Corp. COM 458140100 164082 6345 X X
Intercapital Quality Muni IncomeCOM 45844G109 8743 650 X X
International Business Machines COM 459200101 8835 75 X X
Invacare Corp COM 461203101 7131 305 X X
Itron, Inc. COM 465741106 27921 300 X X
J.P. Morgan Chase & Co. COM 46625H100 140209 3060 X X
Jinpan Intl Ltd COM G5138L100 1716117 59795 X X
Johnson & Johnson COM 478160104 382111 5816 X X
Jupiter Enterprises Inc New COM 48205Q203 188 500 X X
Kadant COM 48282T104 112 4 X X
Kellogg Company COM 487836108 5600 100 X X
KeraVision Inc. COM 492061106 3 500 X X
Kimberly-Clark Corp. COM 494368103 3864 55 X X
Kraft Foods Inc. COM 50075n104 11906 345 X X
Krispy Kreme Doughnuts, Inc. COM 501014104 800 200 X X
Kroger Company COM 501044101 2852 100 X X
Labor Ready Incorporated COM 505401208 9255 500 X X
Las Vegas Sands Corp COM 517834107 100065 750 X X
Leucadia National COM 527288104 60757 1260 X X
Libbey Inc. COM 529898108 149323 8523 X X
Liberty Global C COM 530555309 29691 768 X X
Liberty Global INC COM SER A COM 530555101 20223 493 X X
Liberty Media Capital Series A COM 53071m302 26963 216 X X
Liberty Media Capital Series B COM 53071m401 16852 137 X X
Liberty Media Interactive SeriesCOM 53071m104 36153 1882 X X
Liberty Media Interactive SeriesCOM 53071m203 13232 687 X X
Liberty Media International ClasCOM 530555200 11308 275 X X
LifeCell Corp COM 531927101 11271 300 X X
Light Management Group Inc. COM 53222e209 0 1000 X X
Lincoln National Corp. COM 534187109 152127 2306 X X
Liveperson Inc. COM 538146101 15215 2470 X X
Liz Clairborne, Inc. COM 539320101 11844 345 X X
Lloyds TSB GRP Ads COM 539439109 3335 75 X X
Lockheed Martin Corp. COM 539830109 10849 100 X X
Loews Corp. COM 540424108 9670 200 X X
MDU Resources Group, Inc. COM 552690109 12528 450 X X
MEMC Electronic Materials, Inc. COM 552715104 12881158 218844 X X
MPTV Incorporated COM 553424409 0 20000 X X
Mack-Cali Realty COM 554489104 12330 300 X X
Manhattan Scientifics Inc. COM 563122100 11 1000 X X
Manulife Fin Corp COM 56501r106 127989 3102 X X
Marshall & Ilsley Corp COM 571834100 12621 288 X X
Marvell Technology Group COM G5876H105 8185 500 X X
McDonalds Corp. COM 580135101 21788 400 X X
McGraw-Hill Companies, Inc. COM 580645109 202113 3970 X X
Medco Health Solutions, Inc. COM 58405u102 21784 241 X X
Medis Technologies Ltd. COM 58500P107 13000 1000 X X
Medtronic, Inc. COM 585055106 76605 1358 X X
Merchants Bancshares Inc. COM 588448100 1648 70 X X
Merck & Co., Inc. COM 589331107 180812 3498 X X
Mesabi Trust COM 590672101 30600 1500 X X
Microsoft Corp. COM 594918104 343798 11670 X X
Microwave Filter Co. Inc. COM 595176108 80 100 X X
Millipore Corporation COM 601073109 34489 455 X X
Mindray Medical Intl Ltd. COM 602675100 1209043 28150 X X
Monaco Coach Corp. COM 60886R103 6314 450 X X
Morgan Stanley COM 617446448 37800 600 X X
Motorola, Inc. COM 620076109 19457 1050 X X
NICE-Systems Ltd. ADR COM 653656108 15371561 428894 X X
Nano-Proprietary Inc. COM 63007x108 2990 2600 X X
Nanogen Inc COM 630075109 219 300 X X
Natl Oilwell Varco COM 637071101 14190189 98202 X X
Neenah Paper Inc. COM 640079109 16545 500 X X
Ness Technologies Inc. COM 64104x108 1966 180 X X
Network Appliance, Inc. COM 64120L104 16146 600 X X
Newell Rubbermaid Inc. COM 651229106 5764 200 X X
Noble Affiliates COM 655044105 51129 730 X X
Norfolk Southern COM 655844108 46719 900 X X
Nortel Networks Corp. COM 656568508 340 20 X X
Novell COM 670006105 11460 1500 X X
Nuance Communication COM 67020Y100 164618 8525 X X
OGE Energy Corp. COM 670837103 2185 66 X X
Occidental Petroleum COM 674599105 130082 2030 X X
Oil Service Holders Trust COM 678002106 19175 100 X X
Omranco Pete Corp COM 68212p105 0 1000 X X
Onstream Media Corporation COM 682875109 927 533 X X
Orbital Sciences Corp. COM 685564106 6672 300 X X
Orthofix International N.V. COM N6748L102 14691 300 X X
Otter Tail Power COM 689648103 14260 400 X X
Overstock.com, Inc COM 690370101 2880 100 X X
PG^E Corp. COM 69331C108 35802 749 X X
PIMCO High Income Fund COM 722014107 5100 350 X X
Paccar COM 693718108 38363 450 X X
Palomar Medical Technologies IncCOM 697529303 342 12 X X
Paychex Inc. COM 704326107 69372 1692 X X
Peabody Energy Corp COM 704549104 28722 600 X X
Pengrowth Energy Trust COM 706902509 58404 3100 X X
Penson Worldwide Inc. COM 709600100 1663 90 X X
PepsiCo, Inc. COM 713448108 142857 1950 X X
Pfizer, Inc. COM 717081103 96547 3952 X X
Phoenix Gold Intl Inc COM 719068108 60 1000 X X
Pinnacle West COM 723484101 3951 100 X X
Plains All American Pipeline LP COM 726503105 30787 565 X X
Plug Power Inc. COM 72919P103 3150 1016 X X
Portland Gen Elec COM 736508847 28 1 X X
Precision Castparts Corp. COM 740189105 14798 100 X X
Previo Inc. COM 74138B105 9 125 X X
Primus Telecommunications Group,COM 741929103 276 400 X X
Procter & Gamble Co. COM 742718109 10559159 150116 X X
Professional Trans GP LTD COM 742963101 0 1500 X X
Progress Energy, Inc. COM 743263105 23425 500 X X
Puget Sound Energy, Inc. COM 745310102 31566 1290 X X
Qualcomm Inc. COM 747525103 29582 700 X X
Quality Systems, Inc. COM 747582104 25641 700 X X
Questar Corp. COM 748356102 208229 3964 X X
Rayonier Inc. COM 754907103 33628 700 X X
Regi US INC. COM 758943104 5150 5000 X X
Renaissance GLF New COM 75966T308 0 300 X X
Rentech Inc. COM 760112102 2160 1000 X X
Research In Motion Limited COM 760975102 98747 1002 X X
Rio Tinto plc COM 767204100 17170 50 X X
Royal Caribbean Cr COM v7780t103 42933 1100 X X
Royal Dutch Shell A COM 780259206 294204 3580 X X
Samaritan Pharmaceuticals, Inc. COM 79586q207 2676 3666 X X
SanDisk Corporation COM 80004C101 44080 800 X X
Santarus, Inc. COM 802817304 1325 500 X X
Sara Lee Corp. COM 803111103 13352 800 X X
Scana Corp. COM 80589M102 7748 200 X X
Schering Plough Corp COM 806605101 31630 1000 X X
Schlumberger Ltd. COM 806857108 2153235 20507 X X
Sea Alive Wellness COM 81130E102 0 3499 X X
Seagate Technology (ESCROW POSITCOM 811804988 0 75 X X
Sempra Energy COM 816851109 46031 792 X X
Shrt Dow30 Proshares COM 74347R701 8528 150 X X
Shuffle Master, Inc. COM 825549108 374 25 X X
Silicon Graphics Inc. COM 827056102 0 13 X X
Silverzipper.com Inc. COM 828529107 0 450 X X
Sirius Satellite Radio Inc. COM 82966U103 5410 1550 X X
SkyWest Inc. COM 830879102 6293 250 X X
Sonic Corp. COM 835451105 4680 200 X X
Southern Co. COM 842587107 63635 1754 X X
Southmark Corp. New COM 844544809 1 353 X X
Spectra Energy COM 847560109 33562 1371 X X
Staples Inc. COM 855030102 4835 225 X X
Starbucks Corp. COM 855244109 27510 1050 X X
State Street Boston Corp. COM 857477103 40896 600 X X
Stericycle, Inc COM 858912108 15452920 270345 X X
Streamline.com Inc COM 863239109 0 100 X X
Streettracks Gold COM 863307104 9556 130 X X
Stryker Corp. COM 863667101 14027 204 X X
Sun Microsystems COM 866810104 1405 250 X X
Sun Valley Bancorp COM 82835N108 100500 2000 X X
Suncor Energy Inc. COM 867229106 5078982 53570 X X
Sunopta Inc COM 8676EP108 573587 39585 X X
Sunpower Corp COM 867652109 20705 250 X X
Suntech Power Holdings COM 86800C104 13787844 345560 X X
Susquehanna Bancshares COM 869099101 20100 1000 X X
Symantec Corp. COM 871503108 2171 112 X X
TXU Corp. COM 873168108 184869 2700 X X
Taiwan Semiconductor MFG Co COM 874039100 2955 292 X X
Talisman Energy INC COM 87425E103 16844 855 X X
Target Corporation COM 87612E106 57213 900 X X
Tarragon Realty Investors, Inc. COM 876287103 3930 1500 X X
Tata Motors Inc. COM 876568502 574 30 X X
Tellabs, Inc. COM 879664100 2380 250 X X
Tempur-Pedic Intl COM 88023U101 10725 300 X X
Tenfold Corp COM 88033a103 51 198 X X
Tesco Corporation COM 88157k101 2715 100 X X
Tetra Tech Inc.New COM 88162G103 3696 175 X X
The Directv Group COM 25459L106 291 12 X X
The Pepsi Bottling Group COM 713409100 28063 755 X X
The SCO Group, Inc. COM 78403A106 238 1400 X X
The Travelers Companies Inc COM 89417e109 2618 52 X X
TheStreet.com, Inc. COM 88368q103 151193 12485 X X
Thermo Fisher Scientific COM 883556102 10619037 183975 X X
Thornburg MTG Inc COM 885218107 2570 200 X X
Tibco Software, Inc. COM 88632Q103 8868 1200 X X
Tiffany & Co. COM 886547108 171603 3278 X X
Time Warner Inc. COM 887317105 73440 4000 X X
Total S.A. France COM 89151E109 64824 800 X X
Tsakos Energy Navigation Ltd. COM G9108L108 14082 200 X X
Tyco Electronics Ltd COM G9144P105 3012 85 X X
Tyco International Ltd. COM G9143X208 3769 85 X X
Tyler Technologies, Inc. COM 902252105 9212 690 X X
UBS AG COM h89231338 5325 100 X X
UCN Inc COM 902636109 80 20 X X
US Bancorp COM 902973304 65060 2000 X X
US Worldlink, Inc. COM 91274A105 13 500 X X
USX-Marathon Group Inc. COM 565849106 34212 600 X X
Ultra Petroleum Corp. COM 903914109 12408 200 X X
Unico Inc (AZ) NEW COM 904622206 0 150 X X
Union Pacific Corp. COM 907818108 309558 2738 X X
UnitedHealth Group Inc. COM 91324P102 27605 570 X X
Uphonia, Inc. COM 91531b102 60 1991 X X
Usana Inc. COM 90328M107 74375 1700 X X
VCA Antech, Inc. COM 918194101 750874 17985 X X
Vail Resorts Inc. COM 91879Q109 6229 100 X X
ValueClick Inc. COM 92046N102 5533133 246355 X X
Varian Medical Systems COM 92220P105 5143924 122796 X X
Vencor as Kindred Healthcare COM 92260r102 0 10 X X
Ventana Medical Systems, Inc. COM 92276h106 8591 100 X X
Ventas, Inc. COM 92276F100 10350 250 X X
Verizon Communications COM 92343V104 32413 732 X X
Vestas Wind ADR COM 925458101 14575 550 X X
Videolocity Internatinal Inc. COM 92658y206 40 20000 X X
Vip Comlink COM 918239104 34 10000 X X
WGL Holdings Inc. COM 92924f106 8098 239 X X
WPS Resources Corp. COM 45822p105 61476 1200 X X
Wal-Mart Stores COM 931142103 36055 826 X X
Walgreen Co. COM 931422109 18896 400 X X
Walt Disney Company COM 254687106 985102 28645 X X
Waste Management Inc COM 94106L109 3170 84 X X
Weatherford Intl COM G95089101 26872 400 X X
Webb Interactive Services Inc. COM 94748P104 8 100 X X
Weingarten Realty Investors SBI COM 948741103 86030 2075 X X
Wells Fargo & Co. COM 949746101 608817 17092 X X
Westamerica Bancorporation COM 957090103 103406 2076 X X
Western Union Company COM 959802109 25835 1232 X X
Williams Companies, Inc. COM 969457100 49387 1450 X X
Windstream Corp COM 97381w104 10802 765 X X
Wintrust Financial Corp. COM 97650W108 6404 150 X X
Wipro LTD COM 97651M109 14440 1000 X X
Wm. Wrigley Jr. Co. COM 982526105 40465 630 X X
Wm. Wrigley Jr. Co. CL B COM 982526204 9987 157 X X
Worldgate Communications Inc. COM 98156L307 39 100 X X
Wyndham Worldwide COM 98310w108 8419 257 X X
XTO Energy Inc. COM 98385X106 38093 616 X X
Xcel Energy, Inc. COM 98389B100 16026 744 X X
Xenoport Inc. COM 98411C100 14115 300 X X
Xsunx Inc COM 98385l102 888 2300 X X
Yingli Green Energy ADR COM 98584B103 189008 7250 X X
Yum! Brands, Inc. COM 988498101 8119 240 X X
Zimmer Holdings, Inc. COM 98956P102 16765 207 X X
Zions Bancorp COM 989701107 580262 8450 X X
Cabcco Aol Time Warner 7 5/8% 05COM 126794205 25560 1000 X X
Ml Capital Trust COM 59021g204 24930 1000 X X
Royal Bk Scot Pr G 7.40% COM 780097887 21100 1000 X X
Wells Fargo Cap. Tr Vii COM 94979B204 22700 1000 X X
Wells Fargo Capital IV 7% COM 94976y207 43593 1750 X X
Zions Cap Tr B 8.00% 09/01/32 COM 989703202 25170 1000 X X
Diamonds Trust Ser 1 COM 252787106 665935 4794 X X
Energy Select SPDR COM 81369y506 18775 251 X X
KBW Capital Markets ETF COM 86330e778 2566 39 X X
PS Dynamic Small Cap Value COM 73935x864 26880 1500 X X
PS Water Resource COM 73935x575 40864 1914 X X
PS Zacks Micro Cap COM 73935x740 27295 1586 X X
Powershares QQQ Tr Ser 1 COM 73935a104 1247827 24272 X X
Powershares Wilderhill Energy COM 73935X500 1123579 49086 X X
Rydex S^P Equal Weight Energy ETCOM 78355w866 1919 30 X X
SPDR DJ Wilshire Mid Cap ETF COM 78464A847 5764 94 X X
Select Sector SPDR-Materials COM 81369Y100 7243 172 X X
Standard & Poors Depository ReceCOM 78462F103 384349 2519 X X
Ultra MidCap400 Proshares COM 74347r404 1800 20 X X
Vanguard Emerging Markets ETF COM 922042858 5708 55 X X
iShare Dow Jones Tech Sector IndCOM 464287721 18840 300 X X
iShares DJ CSS Index Fund COM 464287580 135380 2000 X X
iShares Dow Jones Select DividenCOM 464287168 4380162 63206 X X
iShares GSCI Commodity Indexed TCOM 46428R107 2925 62 X X
iShares Goldman Sachs Natural ReCOM 464287374 1710587 13286 X X
iShares Lehman 20yr COM 464287432 6654 75 X X
iShares Nasdaq Biotechnology IndCOM 464287556 1079 13 X X
iShares Russell 1000 Growth IndeCOM 464287614 6358 103 X X
iShares Russell 1000 Index Fund COM 464287622 12441 150 X X
iShares Russell 1000 Value IndexCOM 464287598 40654 473 X X
iShares Russell 2000 Index Fund COM 464287655 95271 1190 X X
iShares Russell Midcap Index FunCOM 464287499 1939372 17927 X X
iShares S^P 500 Bar Val COM 464287408 13034 160 X X
iShares S^P 500 Bar/Gro COM 464287309 4981 70 X X
iShares S^P 500 Index Fund COM 464287200 11779 77 X X
iShares S^P Small Cap 600/B COM 464287887 5730 40 X X
iShares S^P SmallCap 600/BARRA VCOM 464287879 4150 55 X X
iShares S^P/TOPIX150 COM 464287382 160599 1275 X X
iShares TR S^P Midcap 400 Index COM 464287507 16754 190 X X
BLDRS Asia Index Fund COM 09348r102 421457 11753 X X
BLDRS Emerging Markets Index FunCOM 09348r300 530492 10045 X X
iShares FTSE/Xinhua China 25 IndCOM 464287184 1905300 10585 X X
iShares MSCI Australia Index FunCOM 464286103 1907 60 X X
iShares MSCI Canada COM 464286509 1815082 55456 X X
iShares MSCI EAFE Index Fund COM 464287465 1466716 17759 X X
iShares MSCI Emerging Market IndCOM 464287234 2858829 19129 X X
iShares MSCI Japan COM 464286848 1367606 95370 X X
iShares MSCI Pacific ex-Japan InCOM 464286665 3662758 22025 X X
iShares MSCI SO Korea COM 464286772 1189757 17481 X X
iShares MSCI Singapore Free IndeCOM 464286673 10374 700 X X
iShares MSCI South Africa COM 464286780 1061403 7989 X X
iShares TR SP Latin America COM 464287390 228218 945 X X
iShares Lehman 1-3 Yr COM 464287457 69315 853 X X
iShares Lehman Aggregate Bond FuCOM 464287226 6501 65 X X
iShares TR Treas Inflation COM 464287176 902858 8849 X X
iShares iBoxx $ High Yield Corp COM 464288513 83200 800 X X
iShares iBoxx $Invest Grade CorpCOM 464287242 4782325 45334 X X
Abbott Laboratories COM 002824100 69757 1301 X X
Aeterna Zentaris Inc. COM 007979990 110847 42308 X X
Atrium Innovations Inc COM 04963Y102 34590 1463 X X
Boeing COM 097023105 70763 674 X X
Cisco Systems COM 17275R102 13252 400 X X
Citigroup, Inc. COM 172967101 6207 133 X X
Dell Computer COM 24702r101 2760 100 X X
Du Pont De Nemours COM 263534109 78057 1575 X X
Exxon Mobil Corp. COM 30231g102 202151 2184 X X
Franklin Resources Inc COM 354613101 27668 217 X X
General Electric COM 369604103 32316178 780584 X X
Goldman Sachs Group COM 35141g104 40530 187 X X
Hospira, Inc. COM 441060100 5389 130 X X
Ikon Office Solutions COM 451713101 77100 6000 X X
Johnson & Johnson COM 478160104 134619 2049 X X
Kroger Company COM 501044101 311381 10918 X X
McDonalds Corp. COM 580135101 65897 1210 X X
Morgan Stanley COM 617446448 11781 187 X X
Norfolk Southern COM 655844108 46719 900 X X
Northern Trust Corp COM 665859104 13254 200 X X
Raytheon Company COM 755111507 137213 2150 X X
Stryker Corp. COM 863667101 12789 186 X X
The Charles Schwab Corporation COM 808513105 185155 8572 X X
Valspar Corp. COM 920355104 7683016 282360 X X
Tennessee Valley Auth. 6.750% DuCOM 880591300 18240 800 X X
Powershares Exchange Traded CleaCOM 73935x278 111090 3500 X X
MS India Inv FD COM 61745C105 1272 25 X X
Blackrock Global Opportunities COM 092501105 35642 1266 X X
Blackrock Muniholding Fund Inc. COM 09253n104 73488 4800 X X
Blackrock Muniyield Cali InsuredCOM 09254n103 49099 3700 X X
DNP Select Income Fund Inc. COM 23325p104 10027 925 X X
Delaware Group Div and Income FuCOM 245915103 11560 946 X X
Eaton Vance Floating Rate IncomeCOM 278279104 85250 5000 X X
Evergreen Income Advantage COM 30023Y105 514851 40004 X X
HYT Corporate HI YLD COM 09255p107 20888 1667 X X
MFS Interm Income SBI COM 55273c107 24520 4000 X X
Muni Yield Quality COM 09254f100 43145 3131 X X
Nicholas Applegate Conv & IncomeCOM 65370g109 98338 6667 X X
Nuveen Cal. Qual Income Muni COM 670985100 80416 5600 X X
Nuveen Equity Prem Advantage COM 6706et107 17705 1023 X X
Pimco Corporate Income FD COM 72200u100 533 37 X X
Pioneer High Income COM 72369h106 808458 48295 X X
Templeton Global Income Fund COM 880198106 67229 6938 X X
Aberdeen Asia-Pacific Inc. Fnd. COM 003009107 297024 47600 X X
Aberdeen Global Income Fund Inc COM 003013109 294400 23000 X X
Alliance World Dollar Gov't FundCOM 01879R106 129200 9500 X X
First Trust Aberdeen Glob Op IncCOM 337319107 122500 7000 X X
Morgan Stanley Emerging Market DCOM 61744h105 120375 12500 X X
Archstone-Smith TR REIT COM 039583109 22132 368 X X
Cohen & Steers Prem REIT COM 19247V302 25000 1 X X
Hospitalities Trust REIT COM 44106m102 683123 16805 X X
ING Clarion Global REIT COM 44982g104 612270 31001 X X
iShares TR Cohen & Steers REIT COM 464287564 85772 920 X X
American Century Select Fund COM 025083502 2023 47.32 X X
American Funds Europac Growth FdCOM 298706839 107969 1971.321 X X
American Funds Growth FD COM 399874403 43845 1176.414 X X
Artisan Intl. FD COM 04314H204 57180 1694.212 X X
Bridgeway Ultra Small Co Market COM 108747403 3432 173.093 X X
Calvert Tax Free Reserve Class ACOM 131620205 44110 4371.669 X X
Clipper Fund COM 188850101 8924 96.075 X X
Columbia Fds Lifegoal Balanced GCOM 19765h792 11985 938.552 X X
Columbia Strategic Investor COM 19765p166 486 21.265 X X
Diamond Hill Focus Long A COM 25264s403 45134 2376.708 X X
Dodge Cox Stock Fund COM 256219106 333038 2101.582 X X
Eastern European Equity COM 981477615 27549 873.744 X X
Eaton Vance Balanced Fund Class COM 277905865 8331 1004.889 X X
Excelsior Value & Restructuring COM 300722782 371337 6347.644 X X
Fidelity - Equity Income Fund IICOM 316145101 429 17.007 X X
Fidelity Advisor Equity Income CCOM 315808402 24296 763.317 X X
Fidelity Advisor Intermed Bond CCOM 315809806 11526 1079.216 X X
Fidelity Canada Fund COM 315910307 4168 65.138 X X
Fidelity Contrafund COM 316071109 134414 1782.203 X X
Fidelity Disciplined Equity COM 316066208 278 8.656 X X
Fidelity Diversified Intl COM 315910802 47090 1093.839 X X
Fidelity Dividend Growth Fund COM 316389402 84009 2623.626 X X
Fidelity Emerging Markets Fund COM 315910869 7771 234.058 X X
Fidelity Fifty COM 31617f106 2658 110.304 X X
Fidelity Freedom 2020 COM 31617r605 31080 1879.073 X X
Fidelity Freedom 2040 COM 315792101 3286 321.515 X X
Fidelity Growth Company COM 316200104 24203 292.02 X X
Fidelity Japan Smaller CompaniesCOM 315910760 17651 1430.394 X X
Fidelity Low Price Stock AD COM 316345305 177486 4030.111 X X
Fidelity Mid-Cap Stock COM 316128404 8928 280.397 X X
Fidelity New Millennium Fund COM 316200302 100323 3007.283 X X
Fidelity Overseas Fund COM 316343102 6460 118.795 X X
Fidelity Real Estate Investment COM 316138205 5065 162.929 X X
Fidelity Select Banking COM 316390640 266 8.586 X X
Fidelity Select Multimedia COM 316390681 45545 1035.591 X X
Fidelity Small Cap Stock COM 315912501 8762 443.641 X X
Fidelity Strategic Income Fund COM 31638R303 69240 6525.957 X X
Fidelity Value Fund COM 316464106 70747 800.579 X X
Financial Square Money Market FuCOM 38141W232 42421 42421.33 X X
First Eagle Overseas Fund Cl A COM 32008F101 21728 789.811 X X
Franklin Income Fund CL C COM 353496805 40244 14581.09 X X
Goldman Sachs High Yield Fd Cl ACOM 38141W653 6249 788.047 X X
Growth Fund of America COM 399874106 9435 251.68 X X
Guinness Atkinson Global InnovatCOM 46129X601 8127 368.055 X X
Harbor Cap Appr. Fund Instl. Cl.COM 411511504 17523 471.673 X X
Hodges Fund A Series COM 742935109 24599 831.601 X X
Hussman Strategic Growth Fund COM 448108100 3359 205.554 X X
Icon Bond Fund CL I COM 44929K762 8140 812.369 X X
Icon Consumer Discretionary FundCOM 44929K309 1776 138.859 X X
Icon Covered Call Fund Cl I COM 44929K747 4893 371.226 X X
Icon Equity Income Fund Cl I COM 44929K721 3141 190.617 X X
Icon Financial Fund COM 44929K606 3145 219.957 X X
Icon Funds Energy Fund COM 44929K507 1400 33.771 X X
Icon Healthcare Fund COM 44929K705 2025 114.533 X X
Icon Industrials Fund COM 44929K861 1667 154.756 X X
Icon Information Technology FundCOM 44929K887 3202 290.533 X X
Icon Leisure and Consumer StapleCOM 44929K804 613 57.751 X X
Janus Small Cap Value Inv. ShareCOM 471023572 3970 145.141 X X
Leuthold Core Investment COM 527289102 56332 2659.7 X X
Longleaf Partners Small Cap FundCOM 543069207 33069 970.91 X X
MFS Research Intl Fund COM 552983512 7977 366.108 X X
Managers Fremont Micro Cap Fund COM 561717661 153 3.854 X X
Mutual Qualified Fund CL Z COM 628380206 15524 648.443 X X
Neuberger & Berman Genesis COM 641224100 21290 547.579 X X
New Perspective Fund Inc COM 648018109 14090 382.555 X X
Oakmark Fund COM 413838103 36036 762.178 X X
Oppenheimer Capital AppreciationCOM 68379A107 8475 156.892 X X
Oppenheimer Global Fund A COM 683924104 38256 469.223 X X
Pioneer Mid Cap Value Fund ClassCOM 72375Q108 12718 501.09 X X
Royce Low Priced Stock Fund COM 780905808 41592 2326.171 X X
Royce Opportunity Fund COM 780905832 3996 288.75 X X
Schwab S^P 500 COM 808509707 33708 1414.538 X X
Seligman New Technologies FD IncCOM 81634m105 250 499.916 X X
T. Rowe Price Blue Chip Growth COM 77954Q106 10807 263.197 X X
T. Rowe Price Dividend Growth COM 779546100 2059 75.289 X X
T. Rowe Price Japan Fund COM 77956h708 3363 309.099 X X
T. Rowe Price Mid Cap Growth FunCOM 779556109 42298 661.419 X X
TIAA-CREF Institutional Intl EquCOM 87244w748 26480 1728.465 X X
TIAA-CREF Institutional Mid Cap COM 87244w631 44736 2310.754 X X
TIAA-CREF Institutional Small CaCOM 87244w565 48057 3007.315 X X
TIAA-CREF Mid-Cap Value Fund COM 87244w854 28577 1412.61 X X
TIAA-CREF Small-Cap Equity Fund COM 87244w821 10231 671.739 X X
The Growth Fund of America B COM 399874205 4551 125.995 X X
Tiaa-Cref Inst Mid Cap Growth InCOM 87244w615 11810 730.813 X X
Tiaa-Cref Inst Mid Cap Value IndCOM 87244w581 1069113 60745.075 X X
Tiaa-Cref Inst Small Cap Value ICOM 87244w524 881898 62723.93 X X
Tweedy Browne Global Value Fund COM 901165100 42954 1262.987 X X
USAA Tax Exempt Int-term Fund COM 903289205 56176 4327.916 X X
Van Kampen Comstock Fund Class BCOM 92112D202 7325 371.617 X X
Van Kampen Strategic Growth FundCOM 92113b205 10414 249.552 X X
Vanguard Equity Income Fund Inc.COM 921921102 136562 5055.984 X X
Vanguard Index Trust 500 Port COM 922908108 46339 329.56 X X
Vanguard Index Trust Extended MkCOM 922908207 73643 1750.076 X X
Vanguard Intl. Growth COM 921910204 5372 193.317 X X
Vanguard Total Intl Stock Index COM 921909602 3937 190.457 X X
Vanguard Total Stock Market IndeCOM 922908306 35143 956.023 X X
Wasatch Global Technology Fund COM 936793306 10647 601.892 X X
Wasatch Growth Fund COM 936772201 51995 1209.759 X X
Wasatch Heritage Growth Fund COM 936793603 7514 597.809 X X
Wasatch International Growth FunCOM 936793405 17361 710.916 X X
Wasatch Micro Cap Fund COM 936772508 131668 18312.62 X X
Wasatch Small Cap Growth Fund COM 936772102 61962 1545.176 X X
Wasatch Small Cap Value Fund COM 936793207 96339 18455.777 X X
Wasatch Ultra Growth COM 936772409 61526 2214.742 X X
Alliance Emerging Market Debt FuCOM 01859m101 26438 2990.774 X X
Davis New York Venture Fund ClasCOM 239080104 7087 171.69 X X
Eaton Vance Strategic Income FunCOM 277911772 38082 4796.163 X X
Federated Strategic Income Fund COM 31417p502 28693 3256.916 X X
Federated US Govt Security Fund COM 31428M100 102036 9745.516 X X
Fidelity Inst Money Market Fund COM 316175207 1438500 1438500 X X
Fidelity Spartan Money Market COM 316413103 276779 276778.62 X X
Fidelity US Bond Index COM 315911107 68698 6360.892 X X
Fidelity Ultra-Short Bond COM 31617k808 7133 748.503 X X
Franklin Fed Interm T/F A COM 354723710 159719 14072.12 X X
Franklin Federal T/F Inc A COM 353519101 53566 4475.024 X X
Franklin High Yield Tax-Free IncCOM 354723702 51818 4856.39 X X
Franklin US Govt Securites Fnd CCOM 353496607 10841 1696.566 X X
MFS High Income Class B COM 552984205 10911 2863.765 X X
Managers Funds Special Eq Fd COM 561717208 3702 41.749 X X
Nuveen Arizona Municipal Bond FuCOM 67065l104 241028 22759.934 X X
Oppenheimer Strategic Income FunCOM 68380K102 23453 5318.119 X X
Pimco High Yield Ins. COM 693390841 2958 305.278 X X
Putnam Arizona Tax Exempt IncomeCOM 746441104 95515 10554.112 X X
Putnam US Govt Income Trust COM 746885102 44476 3379.622 X X
Schwab Value Adv Money Fund SeleCOM 808515761 175 174.72 X X
Schwab Yield Plus Select Shares COM 808525208 50485 5348.037 X X
Vanguard Bond Index Fund TBMP COM 921937108 12724 1274.938 X X
Van Kampen Unit 459 Great Intl FCOM 92116v471 63916 3855 X X
Van Kampen Unit Trust 459 Great COM 92116v455 14159 854 X X
Advisor's Disciplined Income TruCOM 30267q347 223988 297 X X
Bp Prudhoe Bay Royalty Trust COM 055630107 18778 250 X X
Enterra EN TR COM 29381p102 5420 2000 X X
Ft Advisors Disciplined Income TCOM 30267J368 191983 216 X X
Precision Drill Trust COM 740215108 20586 1075 X X
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