Farmers & Merchants Investment

Farmers & Merchants Investment as of Dec. 31, 2011

Portfolio Holdings for Farmers & Merchants Investment

Farmers & Merchants Investment holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

                13F HOLDINGS
12/31/11

                                          13F Title of                                                     Investment Other Voting
Asset Name                                   Class            Cusip        Market Value     Shares  SH/PRN Discretion Mg Authority
{S}                                          {C}              {C}         {C}             {C}        {C}    {C}      {C}      {C}
3M Company                                   COM            88579Y101   $4,494,823.10     54,996.00 SH  Shared-Defined N/A Sole
Abb Ltd ADR                                  SPONSORED ADR  000375204      $17,285.94        918.00 SH  Shared-Defined N/A Sole
Abbott Laboratories                          COM            002824100   $6,845,215.31    121,736.00 SH  Shared-Defined N/A Sole
Aberdeen Asia-Pacific Income Fund            COM            003009107       $4,867.95        664.11 SH  Shared-Defined N/A Sole
Ace Ltd (Switzerland)                        SHS            H0023R105      $10,518.00        150.00 SH  Shared-Defined N/A Sole
ACI Worldwide, Inc.                          COM            004498101         $859.20         30.00 SH  Shared-Defined N/A Sole
Adams Res & Energy Common New                COM NEW        006351308      $46,577.60      1,600.00 SH  Shared-Defined N/A Sole
Adobe Systems Incorporated common            COM            00724F101     $197,890.00      7,000.00 SH  Shared-Defined N/A Sole
Advent Software Inc                          COM            007974108      $10,401.72        427.00 SH  Shared-Defined N/A Sole
Aegon N.V.                                   NY REGISTRY SH 007924103       $1,704.48        424.00 SH  Shared-Defined N/A Sole
Aetna Inc New                                COM            00817Y108     $295,330.00      7,000.00 SH  Shared-Defined N/A Sole
Aflac Inc common                             COM            001055102     $422,996.28      9,778.00 SH  Shared-Defined N/A Sole
Agco Corp Del Common                         COM            001084102       $1,890.68         44.00 SH  Shared-Defined N/A Sole
Agnico-Eagle Mines Ltd                       COM            008474108       $7,264.00        200.00 SH  Shared-Defined N/A Sole
Agrium Inc                                   COM            008916108       $9,730.95        145.00 SH  Shared-Defined N/A Sole
Air Products & Chemicals Inc                 COM            009158106   $1,926,316.28     22,612.00 SH  Shared-Defined N/A Sole
Akamai Technologies                          COM            00971T101       $2,324.16            72 SH  Shared-Defined N/A Sole
Albemarle Corp                               COM            012653101      $30,957.51           601 SH  Shared-Defined N/A Sole
Alcatel- Lucent Spons  ADR                   SPONSORED ADR  013904305         $212.15        136.00 SH  Shared-Defined N/A Sole
Alcoa Inc                                    COM            013817101      $22,922.50      2,650.00 SH  Shared-Defined N/A Sole
Alerian MLP ETF                              ALERIAN MLP    00162Q866      $11,484.42        691.00 SH  Shared-Defined N/A Sole
Alexander & Baldwin Inc                      COM            014482103      $18,858.84        462.00 SH  Shared-Defined N/A Sole
Alleghany Corp                               COM            017175100       $6,846.96         24.00 SH  Shared-Defined N/A Sole
Alliance Resource  Partners, L. P.           UT LTD PART    01877R108      $60,464.00        800.00 SH  Shared-Defined N/A Sole
Alliant Energy Corp common                   COM            018802108      $71,149.43      1,613.00 SH  Shared-Defined N/A Sole
Allied World Assurance Company Holdings AG   SHS            H01531104      $21,773.78        346.00 SH  Shared-Defined N/A Sole
Allstate Corp Common                         COM            020002101      $37,469.47      1,367.00 SH  Shared-Defined N/A Sole
Altria Group Inc                             COM            02209S103     $155,543.90      5,246.00 SH  Shared-Defined N/A Sole
Amazon.com, Inc.                             COM            023135106       $3,462.00         20.00 SH  Shared-Defined N/A Sole
AMC Networks Inc.                            CL A           00164V103         $789.18         21.00 SH  Shared-Defined N/A Sole
American Eagle Outfitters, Inc.              COM            02553E106       $6,635.86        434.00 SH  Shared-Defined N/A Sole
American Elec Pwr Inc                        COM            025537101     $743,580.00     18,000.00 SH  Shared-Defined N/A Sole
American Express Co                          COM            025816109       $4,528.32         96.00 SH  Shared-Defined N/A Sole
American Intl Group, Inc                     COM NEW        026874784         $742.40         32.00 SH  Shared-Defined N/A Sole
American Strategic Income III Fd             COM            03009T101       $6,520.00      1,000.00 SH  Shared-Defined N/A Sole
Ameriprise Financial Inc                     COM            03076C106       $3,474.80         70.00 SH  Shared-Defined N/A Sole
AMEX Technology Select SPDR                  TECHNOLOGY     81369Y803      $69,249.45      2,721.00 SH  Shared-Defined N/A Sole
Amgen Inc                                    COM            031162100   $2,150,649.74     33,494.00 SH  Shared-Defined N/A Sole
Amphenol Corp Cl A                           CL A           032095101   $2,133,330.00     47,000.00 SH  Shared-Defined N/A Sole
Anadarko Petroleum Common                    COM            032511107   $1,818,256.93     23,821.00 SH  Shared-Defined N/A Sole
Analog Devices Common                        COM            032654105       $6,440.40        180.00 SH  Shared-Defined N/A Sole
Anheuser Busch Cos Inc, New                  SPONSORED ADR  03524A108      $10,246.32        168.00 SH  Shared-Defined N/A Sole
Annaly Mortgage Management Inc.              COM            035710409      $17,556.00      1,100.00 SH  Shared-Defined N/A Sole
AOL Inc.                                     COM            00184X105         $860.70         57.00 SH  Shared-Defined N/A Sole
Apache Corp                                  COM            037411105   $2,641,584.54     29,163.00 SH  Shared-Defined N/A Sole
Apple Inc                                    COM            037833100   $8,437,365.00     20,833.00 SH  Shared-Defined N/A Sole
Applied Materials Common                     COM            038222105      $22,544.55      2,105.00 SH  Shared-Defined N/A Sole
Archer Daniels Midland Co                    COM            039483102     $281,938.80      9,858.00 SH  Shared-Defined N/A Sole
Arthur J. Gallagher & Co.                    COM            363576109     $141,952.80      4,245.00 SH  Shared-Defined N/A Sole
Ascent Media Corp  Ser A                     COM SER A      043632108       $1,217.28         24.00 SH  Shared-Defined N/A Sole
Astrazeneca Plc ADR                          SPONSORED ADR  046353108     $313,892.49      6,781.00 SH  Shared-Defined N/A Sole
AT^T Inc                                     COM            00206R102   $2,690,755.20     88,980.00 SH  Shared-Defined N/A Sole
Atlas Pipeline Holdings, L.P.                COM UNITS LP   04930A104       $9,720.00        400.00 SH  Shared-Defined N/A Sole
Atmel Corp Common                            COM            049513104         $810.00        100.00 SH  Shared-Defined N/A Sole
Atwood Oceanics Inc                          COM            050095108      $20,889.75        525.00 SH  Shared-Defined N/A Sole
Autodesk, Inc.                               COM            052769106       $1,971.45         65.00 SH  Shared-Defined N/A Sole
Automatic Data Processing                    COM            053015103     $748,578.60     13,860.00 SH  Shared-Defined N/A Sole
Autozone Inc                                 COM            053332102   $1,787,335.00      5,500.00 SH  Shared-Defined N/A Sole
Avery Dennison Corp                          COM            053611109       $1,577.40         55.00 SH  Shared-Defined N/A Sole
Avon Products                                COM            054303102     $420,118.56     24,048.00 SH  Shared-Defined N/A Sole
B^G Foods Inc.                               COM            05508R106      $28,402.60      1,180.00 SH  Shared-Defined N/A Sole
Baidu, Inc.                                  SPON ADR REP A 056752108      $11,647.00        100.00 SH  Shared-Defined N/A Sole
Baker Hughes Inc                             COM            057224107     $319,613.44      6,571.00 SH  Shared-Defined N/A Sole
Bank of America Corp                         COM            060505104     $459,144.80     82,580.00 SH  Shared-Defined N/A Sole
Bank of New York Mellon Corporation          COM            064058100      $99,012.43      4,973.00 SH  Shared-Defined N/A Sole
Bank of Nova Scotia                          COM            064149107      $14,943.00        300.00 SH  Shared-Defined N/A Sole
Barclays Plc ADR                             ADR            06738E204       $7,066.57        643.00 SH  Shared-Defined N/A Sole
Barrick Gold Common                          COM            067901108       $6,516.00        144.00 SH  Shared-Defined N/A Sole
Baxter International Inc                     COM            071813109   $1,872,818.00     37,850.00 SH  Shared-Defined N/A Sole
BB & T Corporation                           COM            054937107     $196,326.00      7,800.00 SH  Shared-Defined N/A Sole
BCE Inc                                      COM NEW        05534B760      $16,668.00        400.00 SH  Shared-Defined N/A Sole
Beam Inc                                     COM            073730103      $93,597.21      1,827.00 SH  Shared-Defined N/A Sole
Becton Dickinson & Common                    COM            075887109   $3,101,328.32     41,506.00 SH  Shared-Defined N/A Sole
Bed Bath & Beyond Common                     COM            075896100       $2,550.68         44.00 SH  Shared-Defined N/A Sole
Bemis Co Common                              COM            081437105   $2,122,926.08     70,576.00 SH  Shared-Defined N/A Sole
Berkshire Hathaway Inc Del Cl A              CL A           084670108   $7,229,565.00         63.00 SH  Shared-Defined N/A Sole
Berkshire Hathaway Inc Del Cl B New          CL B NEW       084670702   $4,006,055.20     52,504.00 SH  Shared-Defined N/A Sole
Best Buy Co Inc                              COM            086516101   $2,704,282.92    115,716.00 SH  Shared-Defined N/A Sole
BHP Billiton Limited                         SPONSORED ADR  088606108     $100,435.86      1,422.00 SH  Shared-Defined N/A Sole
BHP Billiton PLC                             SPONSORED ADR  05545E209      $13,312.92           228 SH  Shared-Defined N/A Sole
Big Lots Inc                                 COM            089302103       $7,627.52           202 SH  Shared-Defined N/A Sole
Biogen Idec Inc                              COM            09062X103       $7,043.20         64.00 SH  Shared-Defined N/A Sole
Black Hills Corp                             COM            092113109      $10,074.00           300 SH  Shared-Defined N/A Sole
Blackrock Inc                                COM            09247X101      $22,814.72        128.00 SH  Shared-Defined N/A Sole
Block H & R Inc                              COM            093671105      $61,760.06      3,782.00 SH  Shared-Defined N/A Sole
Boeing Co Common                             COM            097023105     $456,163.65      6,219.00 SH  Shared-Defined N/A Sole
BP PLC - Spons ADR                           SPONSORED ADR  055622104     $537,498.24     12,576.00 SH  Shared-Defined N/A Sole
BP Prudhoe Bay Royalty Trust                 UNIT BEN INT   055630107     $182,336.00      1,600.00 SH  Shared-Defined N/A Sole
Brinker Intermational, Inc.                  COM            109641100      $21,408.00        800.00 SH  Shared-Defined N/A Sole
Bristol Myers Squibb Co                      COM            110122108   $5,768,928.95    163,704.00 SH  Shared-Defined N/A Sole
British American Tobacco Plc ADR             SPONSORED ADR  110448107      $41,083.04        433.00 SH  Shared-Defined N/A Sole
Broadcom Corporation                         CL A           111320107       $3,992.96        136.00 SH  Shared-Defined N/A Sole
Broadridge Financial Solutions, Inc          COM            11133T103          $11.28          0.50 SH  Shared-Defined N/A Sole
Brookfield Asset Management Inc.             CL A LTD VT SH 112585104      $14,536.92           529 SH  Shared-Defined N/A Sole
BT Group PLC - Spon ADR                      ADR            05577E101      $23,978.76        809.00 SH  Shared-Defined N/A Sole
Buckeye Ptnrs L.P. Unit Ltd Partnership Ints UNIT LTD PARTN 118230101      $19,194.00        300.00 SH  Shared-Defined N/A Sole
Buckle Inc                                   COM            118440106      $12,261.00        300.00 SH  Shared-Defined N/A Sole
Cabela's Inc                                 COM            126804301      $21,124.02        831.00 SH  Shared-Defined N/A Sole
Cablevision Sys Corp Cl A NY Cablvs          CL A NY CABLVS 12686C109       $1,692.18           119 SH  Shared-Defined N/A Sole
Calamos convertible and high income          COM SHS        12811P108      $10,230.60        885.00 SH  Shared-Defined N/A Sole
Cameron International Corp.                  COM            13342B105       $1,967.60         40.00 SH  Shared-Defined N/A Sole
Campbell Soup Common                         COM            134429109       $9,972.00        300.00 SH  Shared-Defined N/A Sole
Canadian National Railway Company            COM            136375102       $7,856.00        100.00 SH  Shared-Defined N/A Sole
Canadian Pacific Railway Ltd                 COM            13645T100       $6,767.00        100.00 SH  Shared-Defined N/A Sole
Canon Inc - Spons ADR                        ADR            138006309      $15,193.80        345.00 SH  Shared-Defined N/A Sole
Cardinal Health Inc                          COM            14149Y108     $285,853.79      7,039.00 SH  Shared-Defined N/A Sole
Carefusion, Inc                              COM            14170T101      $28,814.94      1,134.00 SH  Shared-Defined N/A Sole
Carnival Corp new                            PAIRED CTF     143658300     $165,648.00      5,075.00 SH  Shared-Defined N/A Sole
Carnival PLC ADR                             ADR            14365C103       $6,750.65        205.00 SH  Shared-Defined N/A Sole
Carter's Inc                                 COM            146229109      $20,143.86        506.00 SH  Shared-Defined N/A Sole
Casey's Genl Stores Common                   COM            147528103      $20,604.00        400.00 SH  Shared-Defined N/A Sole
Caterpillar Inc                              COM            149123101   $1,172,364.00     12,940.00 SH  Shared-Defined N/A Sole
CEF Select Sector SPDR Fund                  SBI CONS STPLS 81369Y308       $4,873.50        150.00 SH  Shared-Defined N/A Sole
Celgene Corporation                          COM            151020104     $981,957.60     14,526.00 SH  Shared-Defined N/A Sole
Centerpoint Energy Inc                       COM            15189T107       $8,036.00        400.00 SH  Shared-Defined N/A Sole
CenturyTel Inc                               COM            156700106      $57,957.60      1,558.00 SH  Shared-Defined N/A Sole
CH Energy Group Inc                          COM            12541M102      $29,190.00        500.00 SH  Shared-Defined N/A Sole
Chart Industries Inc                         COM PAR $0.01  16115Q308      $12,057.61        223.00 SH  Shared-Defined N/A Sole
Cherokee Inc.                                COM            16444H102       $2,859.15        245.00 SH  Shared-Defined N/A Sole
Chesapeake Energy                            COM            165167107       $2,050.68         92.00 SH  Shared-Defined N/A Sole
Chevron Corp                                 COM            166764100   $4,486,143.20     42,163.00 SH  Shared-Defined N/A Sole
China Armco Metals Inc Common                COM            16936C108         $215.73        765.00 SH  Shared-Defined N/A Sole
China Mobile Ltd.                            SPONSORED ADR  16941M109       $6,740.11        139.00 SH  Shared-Defined N/A Sole
China Petroleum and Chemical Corporation     SPON ADR H SHS 16941R108      $21,010.00        200.00 SH  Shared-Defined N/A Sole
Chubb Corp Common                            COM            171232101      $89,501.46      1,293.00 SH  Shared-Defined N/A Sole
Cincinnati Financial Corp                    COM            172062101       $6,701.20        220.00 SH  Shared-Defined N/A Sole
Cisco Systems Inc                            COM            17275R102   $6,692,221.60    370,145.00 SH  Shared-Defined N/A Sole
CIT Group Inc.                               COM NEW        125581801      $18,376.49        527.00 SH  Shared-Defined N/A Sole
Citigroup Inc NEW                            COM NEW        172967424      $13,155.00           500 SH  Shared-Defined N/A Sole
Clorox Co Common                             COM            189054109   $1,718,978.56     25,826.00 SH  Shared-Defined N/A Sole
CME Group, Inc                               COM            12572Q105       $1,462.02          6.00 SH  Shared-Defined N/A Sole
Coca-Cola Co                                 COM            191216100   $2,128,347.46     30,418.00 SH  Shared-Defined N/A Sole
Cohen & Steers Select Utility Fund           COM            19248A109      $15,800.00      1,000.00 SH  Shared-Defined N/A Sole
Colgate Palmolive Co                         COM            194162103      $36,956.00        400.00 SH  Shared-Defined N/A Sole
Comcast Corp Class A                         CL A           20030N101   $5,009,519.95    211,283.00 SH  Shared-Defined N/A Sole
Comcast Corp new Special Cl A                CL A SPL       20030N200     $222,335.72      9,437.00 SH  Shared-Defined N/A Sole
CommonWealth REIT                            COM SH BEN INT 203233101         $832.00         50.00 SH  Shared-Defined N/A Sole
Compass Minerals International, Inc.         COM            20451N101      $13,770.00        200.00 SH  Shared-Defined N/A Sole
Computer Sciences Corp Common                COM            205363104     $331,800.00     14,000.00 SH  Shared-Defined N/A Sole
ConAgra Foods, Inc                           COM            205887102   $2,898,324.00    109,785.00 SH  Shared-Defined N/A Sole
ConocoPhillips                               COM            20825C104   $4,631,471.46     63,558.00 SH  Shared-Defined N/A Sole
Consolidated Edison                          COM            209115104     $322,556.00      5,200.00 SH  Shared-Defined N/A Sole
Constellation Brands Inc.                    CL A           21036P108       $3,100.50        150.00 SH  Shared-Defined N/A Sole
Constellation Energy Group I                 COM            210371100      $31,736.00        800.00 SH  Shared-Defined N/A Sole
Consumer Discretionary Select Sector SPDR    SBI CONS DISCR 81369Y407       $5,462.80        140.00 SH  Shared-Defined N/A Sole
Copano Energy LLC                            COM UNITS      217202100     $679,554.00     19,870.00 SH  Shared-Defined N/A Sole
Corning Inc                                  COM            219350105      $12,006.50        925.00 SH  Shared-Defined N/A Sole
Correction Corporation of America            COM NEW        22025Y407      $13,118.28        644.00 SH  Shared-Defined N/A Sole
Cosan LTD Cl A Shares                        SHS A          G25343107       $4,384.00        400.00 SH  Shared-Defined N/A Sole
Costco Wholesale Corp                        COM            22160K105      $58,324.00        700.00 SH  Shared-Defined N/A Sole
Covanta Holding Corp                         COM            22282E102       $9,884.18        722.00 SH  Shared-Defined N/A Sole
Covidien PLC (New)                           SHS            G2554F113   $2,125,732.28     47,228.00 SH  Shared-Defined N/A Sole
CPFL Energia S.A.                            SPONSORED ADR  126153105      $21,157.50        750.00 SH  Shared-Defined N/A Sole
Cree Inc Common                              COM            225447101       $1,785.24         81.00 SH  Shared-Defined N/A Sole
Cresud S.A.C.I.F.y A.                        SPONSORED ADR  226406106       $4,556.00        400.00 SH  Shared-Defined N/A Sole
Cullen Frost Bankers Inc Common              COM            229899109       $2,857.14         54.00 SH  Shared-Defined N/A Sole
Cummins Common                               COM            231021106      $62,582.22        711.00 SH  Shared-Defined N/A Sole
Currency Shares Australian Dollar Trust      AUSTRALIAN DOL 23129U101      $82,403.86        803.00 SH  Shared-Defined N/A Sole
Currency Shares Canadian Dollar Trust        CDN DOLLAR SHS 23129X105      $82,586.52        846.00 SH  Shared-Defined N/A Sole
Currency Shares Swedish Krona                SWEDISH KRONA  23129R108       $9,397.05         65.00 SH  Shared-Defined N/A Sole
Currency Shares Swiss Franc Trust            SWISS FRANC SH 23129V109       $8,408.00         80.00 SH  Shared-Defined N/A Sole
CVS Caremark Corp                            COM            126650100   $5,815,717.36    142,612.00 SH  Shared-Defined N/A Sole
Daktronics, Inc.                             COM            234264109      $29,667.00      3,100.00 SH  Shared-Defined N/A Sole
Danaher Corp                                 COM            235851102   $2,431,968.00     51,700.00 SH  Shared-Defined N/A Sole
Darden Restaurants Inc                       COM            237194105     $631,556.48     13,856.00 SH  Shared-Defined N/A Sole
Deere & Co Common                            COM            244199105     $156,788.46      2,027.00 SH  Shared-Defined N/A Sole
Dell Inc                                     COM            24702R101      $24,066.35      1,645.00 SH  Shared-Defined N/A Sole
DENTSPLY Intl Inc                            COM            249030107   $2,710,850.25     77,475.00 SH  Shared-Defined N/A Sole
Devon Energy Corp                            COM            25179M103      $15,748.00        254.00 SH  Shared-Defined N/A Sole
Diageo Plc ADR                               SPON ADR NEW   25243Q205      $30,859.26           353 SH  Shared-Defined N/A Sole
DirectTV Group Inc                           COM CL A       25490A101     $987,456.68     23,093.00 SH  Shared-Defined N/A Sole
Discovery Communications Class A             COM SER A      25470F104      $18,887.17        461.00 SH  Shared-Defined N/A Sole
Discovery Communications Class C             COM SER C      25470F302      $17,379.70        461.00 SH  Shared-Defined N/A Sole
Dolby Laboratories Inc Cl A                  COM            25659T107       $1,433.97         47.00 SH  Shared-Defined N/A Sole
Dollar Thrifty Automotive Group, Inc.        COM            256743105      $14,052.00        200.00 SH  Shared-Defined N/A Sole
Dollar Tree Inc                              COM            256746108      $16,622.00        200.00 SH  Shared-Defined N/A Sole
Dominion Res Inc VA New                      COM            25746U109   $2,688,502.00     50,650.00 SH  Shared-Defined N/A Sole
Dover Corp                                   COM            260003108   $1,600,148.25     27,565.00 SH  Shared-Defined N/A Sole
DOW Chemical Co                              COM            260543103      $32,009.88      1,113.00 SH  Shared-Defined N/A Sole
Dow Jones Select Dividend Index ETF          DJ SEL DIV INX 464287168     $122,864.45      2,285.00 SH  Shared-Defined N/A Sole
Dreyfus Strategic Muni Inc Fund              COM            261932107      $16,002.00      1,800.00 SH  Shared-Defined N/A Sole
DU Pont E I DE Nemours & Co                  COM            263534109   $3,746,543.64     81,838.00 SH  Shared-Defined N/A Sole
Duke Energy Corp                             COM            26441C105   $4,627,744.00    210,352.00 SH  Shared-Defined N/A Sole
Dun & Bradstreet Corp                        COM            26483E100      $22,449.00        300.00 SH  Shared-Defined N/A Sole
E M C Corp / Mass                            COM            268648102   $3,402,178.38    157,947.00 SH  Shared-Defined N/A Sole
Eastman Chemical Common                      COM            277432100       $5,155.92        132.00 SH  Shared-Defined N/A Sole
Eastman Kodak Common                         COM            277461109         $157.83        243.00 SH  Shared-Defined N/A Sole
Eaton Corp Common                            COM            278058102       $2,089.44         48.00 SH  Shared-Defined N/A Sole
Eaton Vance Corp                             COM NON VTG    278265103      $22,268.88        942.00 SH  Shared-Defined N/A Sole
Eaton Vance Limited Duration Income Fund     COM            27828H105      $39,598.00      2,600.00 SH  Shared-Defined N/A Sole
Eaton Vance Tax Managed
    Diversified Closed-End Fund              COM            27828N102      $25,279.50      2,850.00 SH  Shared-Defined N/A Sole
eBay Inc.                                    COM            278642103       $7,703.82        254.00 SH  Shared-Defined N/A Sole
Ecolab Inc                                   COM            278865100     $324,429.72      5,612.00 SH  Shared-Defined N/A Sole
Edwards Lifesciences Corp                    COM            28176E108      $67,165.00        950.00 SH  Shared-Defined N/A Sole
El Paso Corporation New                      COM            28336L109      $42,512.00      1,600.00 SH  Shared-Defined N/A Sole
Electronics for Imaging Inc                  COM            286082102         $313.50         22.00 SH  Shared-Defined N/A Sole
EMCOR Group Inc                              COM            29084Q100         $509.39         19.00 SH  Shared-Defined N/A Sole
Emerson Electric Co                          COM            291011104   $2,464,517.82     52,898.00 SH  Shared-Defined N/A Sole
EnCana Corp                                  COM            292505104       $3,576.29        193.00 SH  Shared-Defined N/A Sole
Encore Wire Common                           COM            292562105      $25,900.00      1,000.00 SH  Shared-Defined N/A Sole
Endurance Specialty holdings Limited         SHS            G30397106      $13,387.50        350.00 SH  Shared-Defined N/A Sole
Energizer Holdings Inc                       COM            29266R108      $18,052.84        233.00 SH  Shared-Defined N/A Sole
Energy Transfer Partners, L.P.               UNIT LTD PARTN 29273R109      $22,925.00        500.00 SH  Shared-Defined N/A Sole
Enerplus Corporation                         COM            292766102      $77,276.64      3,052.00 SH  Shared-Defined N/A Sole
Entergy Corp, New Orleans, La Common         COM            29364G103       $4,748.25         65.00 SH  Shared-Defined N/A Sole
EOG Resources, Inc.                          COM            26875P101       $1,182.12         12.00 SH  Shared-Defined N/A Sole
Ericsson (LM) Telephone ADR                  ADR B SEK 10   294821608       $3,464.46        342.00 SH  Shared-Defined N/A Sole
Euronet Worldwide Inc                        COM            298736109       $7,558.32        409.00 SH  Shared-Defined N/A Sole
Exelis Inc                                   COM            30162A108     $678,360.85     74,957.00 SH  Shared-Defined N/A Sole
Exelon Corp Common                           COM            30161N101      $20,600.75        475.00 SH  Shared-Defined N/A Sole
Exxon Mobil Corp                             COM            30231G102  $11,776,130.60    138,935.00 SH  Shared-Defined N/A Sole
FactSet Research Systems Inc                 COM            303075105      $13,092.00        150.00 SH  Shared-Defined N/A Sole
FedEx Corp                                   COM            31428X106     $465,150.70      5,570.00 SH  Shared-Defined N/A Sole
Fidelity National Information Services, Inc  COM            31620M106       $7,977.00        300.00 SH  Shared-Defined N/A Sole
First Industrial Realty Trust, Inc.          COM            32054K103       $8,020.32        784.00 SH  Shared-Defined N/A Sole
First Republic Bank                          COM            33616C100         $979.52         32.00 SH  Shared-Defined N/A Sole
First Trust DOW Jones
    Select MicroCap Index Fund               COM SHS ANNUAL 33718M105       $2,008.00        100.00 SH  Shared-Defined N/A Sole
Firstenergy Corp Common                      COM            337932107      $61,311.20      1,384.00 SH  Shared-Defined N/A Sole
Fiserv Inc                                   COM            337738108   $2,422,790.04     41,246.00 SH  Shared-Defined N/A Sole
Fluor Corp Com New                           COM            343412102       $3,567.75         71.00 SH  Shared-Defined N/A Sole
Fomento Economica Mexicano ADR               SPON ADR UNITS 344419106      $10,944.47        157.00 SH  Shared-Defined N/A Sole
Ford Mtr Co                                  COM PAR $0.01  345370860      $10,749.24        999.00 SH  Shared-Defined N/A Sole
Forest Labs Common                           COM            345838106     $142,343.04      4,704.00 SH  Shared-Defined N/A Sole
Fortress Investment Group LLC                CL A           34958B106       $7,098.00      2,100.00 SH  Shared-Defined N/A Sole
Fortune Brands Home & Security Inc           COM            34964C106      $31,113.81      1,827.00 SH  Shared-Defined N/A Sole
Franklin Resources Inc                       COM            354613101     $456,188.94      4,749.00 SH  Shared-Defined N/A Sole
Freeport-McMoRan Copper & Gold Cl B          COM            35671D857   $1,800,833.71     48,949.00 SH  Shared-Defined N/A Sole
Frontier Communications Corp                 COM            35906A108      $55,887.79     10,852.00 SH  Shared-Defined N/A Sole
Gannett Co                                   COM            364730101          $66.85          5.00 SH  Shared-Defined N/A Sole
Gen-Probe Incorporated                       COM            36866T103      $11,824.00        200.00 SH  Shared-Defined N/A Sole
General Cable Corp                           COM            369300108      $10,604.24        424.00 SH  Shared-Defined N/A Sole
General Communication Inc Cl A               CL A           369385109         $979.00        100.00 SH  Shared-Defined N/A Sole
General Dynamics Corp                        COM            369550108     $339,886.38      5,118.00 SH  Shared-Defined N/A Sole
General Electric Co                          COM            369604103   $6,569,459.65    366,804.00 SH  Shared-Defined N/A Sole
General Growth Pptys Inc, New                COM            370023103     $125,462.06      8,353.00 SH  Shared-Defined N/A Sole
General Mills, Inc.                          COM            370334104   $1,321,528.23     32,703.00 SH  Shared-Defined N/A Sole
Genuine Parts                                COM            372460105      $80,478.00      1,315.00 SH  Shared-Defined N/A Sole
GlaxoSmithKline PLC-ADR                      SPONSORED ADR  37733W105     $392,783.04      8,608.00 SH  Shared-Defined N/A Sole
Global Payments Inc                          COM            37940X102      $17,625.36           372 SH  Shared-Defined N/A Sole
Goldcorp Inc.                                COM            380956409       $5,885.25        133.00 SH  Shared-Defined N/A Sole
Goldman Sachs Group Inc.                     COM            38141G104   $1,554,853.43     17,194.00 SH  Shared-Defined N/A Sole
Google Inc                                   CL A           38259P508   $1,257,567.30      1,947.00 SH  Shared-Defined N/A Sole
Great Basin Gold Limited                     COM            390124105         $911.00      1,000.00 SH  Shared-Defined N/A Sole
Great Plains Energy Inc                      COM            391164100      $25,112.34      1,153.00 SH  Shared-Defined N/A Sole
Greenhill & Co Inc                           COM            395259104         $836.51         23.00 SH  Shared-Defined N/A Sole
H & Q Healthcare Investors Fund              SH BEN INT     404052102      $28,840.84      2,044.00 SH  Shared-Defined N/A Sole
Halliburton Co                               COM            406216101      $79,131.43      2,293.00 SH  Shared-Defined N/A Sole
Hasbro Inc                                   COM            418056107       $3,635.46        114.00 SH  Shared-Defined N/A Sole
Hatteras Financial Corp                      COM            41902R103       $9,018.54        342.00 SH  Shared-Defined N/A Sole
HCC Ins Hldgs Inc                            COM            404132102      $17,985.00        654.00 SH  Shared-Defined N/A Sole
Health Care Select Sector SPDR Fund          SBI HEALTHCARE 81369Y209       $6,938.00        200.00 SH  Shared-Defined N/A Sole
Heartland Express Inc                        COM            422347104      $42,870.00      3,000.00 SH  Shared-Defined N/A Sole
Heinz (H.J.) Common                          COM            423074103      $27,020.00        500.00 SH  Shared-Defined N/A Sole
Hershey Common                               COM            427866108       $6,178.00        100.00 SH  Shared-Defined N/A Sole
Hess Corp Common                             COM            42809H107      $37,317.60        657.00 SH  Shared-Defined N/A Sole
Hewlett Packard Co                           COM            428236103   $1,823,808.00     70,800.00 SH  Shared-Defined N/A Sole
Hexcel Corp                                  COM            428291108      $16,075.44        664.00 SH  Shared-Defined N/A Sole
Hitachi Ltd.                                 ADR 10 COM     433578507      $14,703.48        282.00 SH  Shared-Defined N/A Sole
Home Depot Inc                               COM            437076102     $139,194.44      3,311.00 SH  Shared-Defined N/A Sole
Honda Motor Co Ltd ADR                       AMERN SHS      438128308      $12,464.40        408.00 SH  Shared-Defined N/A Sole
Honeywell Intl Inc                           COM            438516106   $2,805,710.05     51,623.00 SH  Shared-Defined N/A Sole
Hospira Inc                                  COM            441060100      $30,370.00      1,000.00 SH  Shared-Defined N/A Sole
Host Hotels & Resorts                        COM            44107P104      $91,559.23      6,199.00 SH  Shared-Defined N/A Sole
Howard Hughes Corp                           COM            44267D107      $35,336.00        800.00 SH  Shared-Defined N/A Sole
HSBC Holdings Plc Sponsored ADR              SPON ADR NEW   404280406       $5,715.00        150.00 SH  Shared-Defined N/A Sole
Human Genome Sciences, Inc.                  COM            444903108       $1,108.50        150.00 SH  Shared-Defined N/A Sole
Huntington Ingalls Industries                COM            446413106       $3,128.00        100.00 SH  Shared-Defined N/A Sole
Idex Corp                                    COM            45167R104      $11,689.65        315.00 SH  Shared-Defined N/A Sole
ImmunoGen Inc                                COM            45253H101         $613.74         53.00 SH  Shared-Defined N/A Sole
Industrial Select Sector SPDR Fund           SBI INT-INDS   81369Y704       $3,375.00        100.00 SH  Shared-Defined N/A Sole
ING Clarion Global Real Estate Income Fnd    COM            12504G100      $16,929.00      2,475.00 SH  Shared-Defined N/A Sole
Ing Global Advantage & Prem
    Opportunity Fdopportunity Fund Common    COM            44982N109      $48,195.00      4,500.00 SH  Shared-Defined N/A Sole
Intel Corp                                   COM            458140100   $5,540,518.75    228,475.00 SH  Shared-Defined N/A Sole
International Business Machines Corp         COM            459200101   $4,004,906.40     21,780.00 SH  Shared-Defined N/A Sole
International Game Technology                COM            459902102       $6,880.00        400.00 SH  Shared-Defined N/A Sole
Intuit Corp Common                           COM            461202103       $1,577.70         30.00 SH  Shared-Defined N/A Sole
Intuitive Surgical Inc Common New            COM NEW        46120E602      $34,725.75         75.00 SH  Shared-Defined N/A Sole
iPath Dow Jones-AIG Commodity Index Trust    DJUBS CMDT     06738C778     $296,693.76      7,024.00 SH  Shared-Defined N/A Sole
                                             ETN36
Iron Mountain Incorporated                   COM            462846106       $9,240.00        300.00 SH  Shared-Defined N/A Sole
iShares Barclays 1-3 Year Credit Bond Fund   BARCLYS 1-3YR  464288646     $203,190.00      1,950.00 SH  Shared-Defined N/A Sole
iShares Barclays 1-3 YR US Treasury          BARCLYS 1-3 YR 464287457      $11,407.50        135.00 SH  Shared-Defined N/A Sole
iShares Barclays Agency Bond Fund ETF        AGENCY BD FD   464288166      $32,416.65        287.00 SH  Shared-Defined N/A Sole
iShares Barclays Aggregate Bond Fun          BARCLY USAGG B 464287226      $82,687.50        750.00 SH  Shared-Defined N/A Sole
iShares Barclays Intermediate Credit Bond    BARCLYS INTER  464288638     $113,717.98      1,061.00 SH  Shared-Defined N/A Sole
iShares COMEX Gold Trust                     ISHARES        464285105      $21,322.00      1,400.00 SH  Shared-Defined N/A Sole
iShares Floating Rate Note ETF               FLTG RATE NT   46429B655       $4,900.00        100.00 SH  Shared-Defined N/A Sole
iShares JP Morgan USD
    Emerging Markets Bond Fund               JPMORGAN USD   464288281      $21,840.25        199.00 SH  Shared-Defined N/A Sole
iShares Lehman TIPS Bond Fund                BARCLYS TIPS   464287176     $528,605.70      4,530.00 SH  Shared-Defined N/A Sole
iShares MSCI Brazil Index Fund               MSCI BRAZIL    464286400      $37,188.72        648.00 SH  Shared-Defined N/A Sole
iShares MSCI Canada Index Fund               MSCI CDA INDEX 464286509     $103,474.00      3,890.00 SH  Shared-Defined N/A Sole
iShares MSCI EAFE Index Fund                 MSCI EAFE IND  464287465   $2,872,145.64     57,988.00 SH  Shared-Defined N/A Sole
iShares MSCI Emerging Mkts Index Fd          MSCI EMERG MKT 464287234      $95,419.10      2,515.00 SH  Shared-Defined N/A Sole
iShares MSCI Singapore Index Fund            MSCI SINGAPORE 464286673       $5,415.00        500.00 SH  Shared-Defined N/A Sole
iShares MSCI Switzerland Index Fund          MSCI SWITZERLD 464286749       $8,595.60           380 SH  Shared-Defined N/A Sole
iShares Powershares Gold DRG Fd              GOLDEN DRG USX 73935X401      $13,727.00        700.00 SH  Shared-Defined N/A Sole
iShares Russell 1000 Growth Index Fund       RUSSELL1000GRW 464287614     $112,285.97      1,943.00 SH  Shared-Defined N/A Sole
iShares Russell 1000 Index Fund              RUSSELL 1000   464287622       $7,353.22        106.00 SH  Shared-Defined N/A Sole
iShares Russell 1000 Value Fund              RUSSELL1000VAL 464287598      $94,267.80      1,485.00 SH  Shared-Defined N/A Sole
iShares Russell 2000 Growth Index Fd         RUSL 2000 GROW 464287648       $9,096.84        108.00 SH  Shared-Defined N/A Sole
iShares Russell 2000 Value Index Fund        RUSL 2000 VALU 464287630       $8,205.00        125.00 SH  Shared-Defined N/A Sole
iShares Russell Midcap Index Fund            RUSSELL MIDCAP 464287499     $686,577.92      6,976.00 SH  Shared-Defined N/A Sole
iShares Russell Midcap Value Index Fund      RUSSELL MCP VL 464287473       $8,766.80           202 SH  Shared-Defined N/A Sole
iShares S^P 500 Growth Index Fund            S^P500 GRW     464287309   $1,877,386.06     27,842.00 SH  Shared-Defined N/A Sole
iShares S^P 500 Index Fund                   S^P 500 INDEX  464287200   $1,985,759.40     15,765.00 SH  Shared-Defined N/A Sole
iShares S^P 500 Value Index Fund             S^P 500 VALUE  464287408   $1,764,740.28     30,516.00 SH  Shared-Defined N/A Sole
iShares S^P Global Infrastructure Index Fund S^P GLO INFRAS 464288372      $28,122.09        847.00 SH  Shared-Defined N/A Sole
iShares S^P Global Timber & Forestry Index   S^P GTFIDX ETF 464288174      $84,337.85      2,268.00 SH  Shared-Defined N/A Sole
iShares S^P Midcap 400                       S^P MIDCAP 400 464287507      $14,630.87        167.00 SH  Shared-Defined N/A Sole
iShares S^P Small Cap 600 Index Fund         S^P SMLCAP 600 464287804       $8,537.50        125.00 SH  Shared-Defined N/A Sole
iShares Silver Trust                         ISHARES        46428Q109      $63,309.00      2,350.00 SH  Shared-Defined N/A Sole
iShares Vanguard European Fd                 MSCI EUROPE ETF922042874      $12,760.44        308.00 SH  Shared-Defined N/A Sole
Ishs Russell Midcap Growth Index Fd          RUSSELL MCP GR 464287481       $9,248.40        168.00 SH  Shared-Defined N/A Sole
Isis Pharmaceuticals Common                  COM            464330109         $648.90         90.00 SH  Shared-Defined N/A Sole
ITT Corp new                                 COM NEW        450911201     $736,985.76     38,126.50 SH  Shared-Defined N/A Sole
Jacobs Engineering Group Inc                 COM            469814107     $309,300.76      7,622.00 SH  Shared-Defined N/A Sole
Jarden Corporation                           COM            471109108     $418,320.00     14,000.00 SH  Shared-Defined N/A Sole
John Hancock Patriot Premium Div Fund II     COM SH BEN INT 41013T105     $206,707.20     15,380.00 SH  Shared-Defined N/A Sole
Johnson & Johnson                            COM            478160104   $8,676,168.42    132,299.00 SH  Shared-Defined N/A Sole
Jones Lang LaSalle Inc                       COM            48020Q107       $2,266.62         37.00 SH  Shared-Defined N/A Sole
JPMorgan Alerian MLP Index ETN               ALERIAN ML ETN 46625H365      $78,524.55      2,015.00 SH  Shared-Defined N/A Sole
JPMorgan Chase & Co.                         COM            46625H100   $3,979,060.75    119,671.00 SH  Shared-Defined N/A Sole
Juniper Networks Inc                         COM            48203R104     $145,482.48      7,128.00 SH  Shared-Defined N/A Sole
Kaman Corp                                   COM            483548103      $10,354.28        379.00 SH  Shared-Defined N/A Sole
Kayne Anderson Energy Fund #2                COM            48660P104      $17,337.35        685.00 SH  Shared-Defined N/A Sole
Kayne Anderson MLP Investment Company        COM            486606106       $3,037.00        100.00 SH  Shared-Defined N/A Sole
Kellogg Co                                   COM            487836108      $15,171.00        300.00 SH  Shared-Defined N/A Sole
Key Energy Services Inc                      COM            492914106      $18,564.00      1,200.00 SH  Shared-Defined N/A Sole
Keycorp                                      COM            493267108       $1,907.12        248.00 SH  Shared-Defined N/A Sole
Kimberly Clark Corp                          COM            494368103   $3,996,514.80     54,330.00 SH  Shared-Defined N/A Sole
Kinder Morgan Energy Partner UT Ltd Partner  UT LTD PARTNER 494550106      $25,485.00        300.00 SH  Shared-Defined N/A Sole
Kinder Morgan Management LLC                 SHS            49455U100      $33,999.14           433 SH  Shared-Defined N/A Sole
KLA Tencor Corporation                       COM            482480100       $1,447.50         30.00 SH  Shared-Defined N/A Sole
Knoll Inc                                    COM NEW        498904200       $4,618.35           311 SH  Shared-Defined N/A Sole
Kohls Corp Common                            COM            500255104      $19,740.00           400 SH  Shared-Defined N/A Sole
Koninklijke Philips Electrs Ny Reg Sh New    NY REG SH NEW  500472303      $31,425.00      1,500.00 SH  Shared-Defined N/A Sole
Kraft Foods  Cl A                            CL A           50075N104   $3,479,710.40     93,140.00 SH  Shared-Defined N/A Sole
Kroger Co                                    COM            501044101       $5,449.50           225 SH  Shared-Defined N/A Sole
L-3 Communications Holdings, Inc.            COM            502424104       $9,268.52        139.00 SH  Shared-Defined N/A Sole
Laboratory Corporation of America Holdings   COM NEW        50540R409       $3,954.62         46.00 SH  Shared-Defined N/A Sole
Legg Mason Inc Common                        COM            524901105   $1,457,862.90     60,618.00 SH  Shared-Defined N/A Sole
Leucadia Natl Corp                           COM            527288104      $12,097.68        532.00 SH  Shared-Defined N/A Sole
Level 3 Communications Inc                   COM NEW        52729N308      $29,664.52      1,746.00 SH  Shared-Defined N/A Sole
Liberty Global Inc - A                       COM SER A      530555101      $20,515.00        500.00 SH  Shared-Defined N/A Sole
Liberty Global Inc Series C                  COM SER C      530555309      $19,760.00        500.00 SH  Shared-Defined N/A Sole
Liberty Media Corp Series A                  LIB CAP COM A  530322106      $42,719.89        547.34 SH  Shared-Defined N/A Sole
Liberty Media Hldg Corp Interactive Com      INT COM SER A  53071M104      $35,948.67      2,217.00 SH  Shared-Defined N/A Sole
Lilly Eli & Co                               COM            532457108   $3,079,180.40     74,090.00 SH  Shared-Defined N/A Sole
LMP Real Estate Income Fund                  COM            50208C108       $4,625.00        500.00 SH  Shared-Defined N/A Sole
Lockheed Martin Corp Common                  COM            539830109   $1,256,053.40     15,526.00 SH  Shared-Defined N/A Sole
Loews Corp Common                            COM            540424108       $4,254.45        113.00 SH  Shared-Defined N/A Sole
Lowe's Companies, Inc                        COM            548661107   $4,494,696.48    177,096.00 SH  Shared-Defined N/A Sole
LP Magellian Midstream                       COM UNIT RP LP 559080106      $20,664.00           300 SH  Shared-Defined N/A Sole
M^T Bank Corporation                         COM            55261F104       $4,198.70         55.00 SH  Shared-Defined N/A Sole
Main Street Capital Holdings                 COM            56035L104      $19,243.44        906.00 SH  Shared-Defined N/A Sole
Manulife Financial Corp                      COM            56501R106     $112,274.64     10,572.00 SH  Shared-Defined N/A Sole
Market Vectors Agribusiness EFT              AGRIBUS ETF    57060U605      $69,310.50      1,470.00 SH  Shared-Defined N/A Sole
Market Vectors Gold Miners ETF               GOLD MINER ETF 57060U100      $25,715.00        500.00 SH  Shared-Defined N/A Sole
Marriott Intl Inc New Cl A                   CL A           571903202     $301,471.95     10,335.00 SH  Shared-Defined N/A Sole
Marriott Vacations Worldwide Corp            COM            57164Y107      $17,734.86      1,033.50 SH  Shared-Defined N/A Sole
Martin Marietta Materials                    COM            573284106       $8,596.74        114.00 SH  Shared-Defined N/A Sole
Mattel Inc                                   COM            577081102     $736,084.16     26,516.00 SH  Shared-Defined N/A Sole
Maxim Integrated Products Inc.               COM            57772K101     $519,732.36     19,959.00 SH  Shared-Defined N/A Sole
MBIA Inc                                     COM            55262C100      $16,399.85      1,415.00 SH  Shared-Defined N/A Sole
McCormick & Co Inc Non Vtg                   COM NON VTG    579780206      $10,084.00        200.00 SH  Shared-Defined N/A Sole
McDonald's Corp                              COM            580135101   $5,961,006.62     59,414.00 SH  Shared-Defined N/A Sole
McGraw-Hill Co                               COM            580645109     $841,748.46     18,718.00 SH  Shared-Defined N/A Sole
McKesson Corp Common                         COM            58155Q103      $11,842.32        152.00 SH  Shared-Defined N/A Sole
Mead Johnson Nutrition Co                    COM            582839106      $43,299.90        630.00 SH  Shared-Defined N/A Sole
Medco Health Solutions Inc                   COM            58405U102      $74,011.60      1,324.00 SH  Shared-Defined N/A Sole
Medtronic Inc                                COM            585055106   $4,803,052.50    125,570.00 SH  Shared-Defined N/A Sole
Merck & Co., Inc                             COM            58933Y105   $3,010,910.50     79,865.00 SH  Shared-Defined N/A Sole
Mercury General Corp                         COM            589400100       $4,698.86        103.00 SH  Shared-Defined N/A Sole
Metropolitan Life Insurance Company          COM            59156R108   $2,970,923.94     95,283.00 SH  Shared-Defined N/A Sole
MFS Charter Income Tr Sh Ben Int             SH BEN INT     552727109      $55,815.00      6,100.00 SH  Shared-Defined N/A Sole
Micrel Inc.                                  COM            594793101      $14,093.34      1,394.00 SH  Shared-Defined N/A Sole
Microsoft Corp                               COM            594918104  $11,504,018.24    443,144.00 SH  Shared-Defined N/A Sole
Monsanto Co                                  COM            61166W101     $574,363.79      8,197.00 SH  Shared-Defined N/A Sole
Montpelier Re Holdings Ltd                   SHS            G62185106      $12,567.00        708.00 SH  Shared-Defined N/A Sole
Morgan Stanley                               COM NEW        617446448       $3,706.85        245.00 SH  Shared-Defined N/A Sole
Morgan Stanley Emerging Markets Domestic DebtCOM            617477104      $36,790.00      2,600.00 SH  Shared-Defined N/A Sole
Fund, Inc
Motorola Mobility Hlgs, Inc.                 COM            620097105       $1,940.00         50.00 SH  Shared-Defined N/A Sole
Motorola Solutions, Inc.                     COM NEW        620076307       $2,638.53         57.00 SH  Shared-Defined N/A Sole
MV Oil Trust                                 TR UNITS       553859109      $39,640.00      1,000.00 SH  Shared-Defined N/A Sole
Mylan Inc, Canonsburg, Pa Common             COM            628530107       $9,657.00        450.00 SH  Shared-Defined N/A Sole
Nasdaq                                       COM            631103108       $1,004.91         41.00 SH  Shared-Defined N/A Sole
National Grid Plc ADR                        SPON ADR NEW   636274300       $6,981.12        144.00 SH  Shared-Defined N/A Sole
National Oilwell Varco Inc Common            COM            637071101       $1,359.80         20.00 SH  Shared-Defined N/A Sole
Nelnet, Inc.                                 CL A           64031N108  $67,169,195.67  2,744,961.00 SH  Shared-Defined N/A Sole
NetApp Inc.                                  COM            64110D104   $1,694,316.78     46,714.00 SH  Shared-Defined N/A Sole
NeuStar Inc                                  CL A           64126X201      $22,518.03        659.00 SH  Shared-Defined N/A Sole
Newell Rubbermaid Inc.                       COM            651229106       $3,230.00        200.00 SH  Shared-Defined N/A Sole
NewMarket Corp                               COM            651587107      $27,537.29        139.00 SH  Shared-Defined N/A Sole
NextEra Energy Inc.                          COM            65339F101     $188,728.00      3,100.00 SH  Shared-Defined N/A Sole
Nike Inc Cl B                                CL B           654106103   $3,049,821.39     31,647.00 SH  Shared-Defined N/A Sole
Niska Gas Storage Partners LLC               UNIT LTD LIABI 654678101       $8,890.00      1,000.00 SH  Shared-Defined N/A Sole
NJF Dividend Interest & Premium Strategy     COM SHS        65337H109      $35,244.00      2,200.00 SH  Shared-Defined N/A Sole
Noble Corporation                            NAMEN -AKT     H5833N103      $27,651.30        915.00 SH  Shared-Defined N/A Sole
Noble Energy Inc                             COM            655044105       $1,887.80         20.00 SH  Shared-Defined N/A Sole
Nokia Corp ADR                               SPONSORED ADR  654902204      $98,328.00     20,400.00 SH  Shared-Defined N/A Sole
Nordic American Tanker Shipping Limited      COM            G65773106       $7,194.00           600 SH  Shared-Defined N/A Sole
Norfolk Southern                             COM            655844108     $218,069.98      2,993.00 SH  Shared-Defined N/A Sole
Northeast Utilities                          COM            664397106       $3,318.44         92.00 SH  Shared-Defined N/A Sole
Northern Oil & Gas Inc                       COM            665531109      $23,980.00      1,000.00 SH  Shared-Defined N/A Sole
Northern Trust Corporation                   COM            665859104     $249,858.00      6,300.00 SH  Shared-Defined N/A Sole
Northrop Grumman Corp                        COM            666807102      $38,947.68        666.00 SH  Shared-Defined N/A Sole
Novartis AG - ADR                            SPONSORED ADR  66987V109     $800,036.98     13,994.00 SH  Shared-Defined N/A Sole
Nstar Common                                 COM            67019E107      $70,440.00      1,500.00 SH  Shared-Defined N/A Sole
Nu Skin Enterprises                          CL A           67018T105      $22,342.20        460.00 SH  Shared-Defined N/A Sole
Nucor Corp                                   COM            670346105   $2,132,189.88     53,884.00 SH  Shared-Defined N/A Sole
Nustar Energy L.P.                           UNIT COM       67058H102      $17,111.32        302.00 SH  Shared-Defined N/A Sole
Nuveen Invt Quality Mun Fund Inc Common      COM            67062E103       $7,797.20        499.50 SH  Shared-Defined N/A Sole
Nuveen Municipal Opportunity Fund Incinc     COM            670984103       $7,452.54        499.50 SH  Shared-Defined N/A Sole
Nuveen Quality Income Muni Fund              COM            670977107       $7,300.00        500.00 SH  Shared-Defined N/A Sole
NVIDIA Corporation common                    COM            67066G104       $2,772.00        200.00 SH  Shared-Defined N/A Sole
NYSE Euronext, Inc                           COM            629491101       $3,523.50        135.00 SH  Shared-Defined N/A Sole
Occidental Petroleum Corp                    COM            674599105   $7,523,547.80     80,294.00 SH  Shared-Defined N/A Sole
Oclaro Inc. New                              COM NEW        67555N206         $160.75         57.00 SH  Shared-Defined N/A Sole
Old Dominion Freight Line                    COM            679580100      $19,738.11        487.00 SH  Shared-Defined N/A Sole
Omnicom Group Inc                            COM            681919106     $266,365.50      5,975.00 SH  Shared-Defined N/A Sole
Oneok Inc                                    COM            682680103     $195,919.40      2,260.00 SH  Shared-Defined N/A Sole
Oneok Partners LP                            UNIT LTD PARTN 68268N103      $28,870.00        500.00 SH  Shared-Defined N/A Sole
Oracle Corp                                  COM            68389X105   $7,054,032.16    275,011.00 SH  Shared-Defined N/A Sole
Orix Corp Sponsored ADR                      SPONSORED ADR  686330101       $8,409.10        205.00 SH  Shared-Defined N/A Sole
Oshkosh Truck Corp                           COM            688239201       $1,539.36         72.00 SH  Shared-Defined N/A Sole
Otter Tail Common                            COM            689648103      $44,040.00      2,000.00 SH  Shared-Defined N/A Sole
Owens & Minor Inc                            COM            690732102       $5,363.47        193.00 SH  Shared-Defined N/A Sole
Owens Corning Inc                            COM            690742101       $4,308.00        150.00 SH  Shared-Defined N/A Sole
PACCAR Inc                                   COM            693718108       $2,772.78         74.00 SH  Shared-Defined N/A Sole
Pacific Ethanol Inc.                         COM NEW        69423U206         $103.88         98.00 SH  Shared-Defined N/A Sole
Packaging Corp of America                    COM            695156109       $5,249.92        208.00 SH  Shared-Defined N/A Sole
Pall Corp                                    COM            696429307       $2,400.30         42.00 SH  Shared-Defined N/A Sole
Panera Bread Company                         CL A           69840W108       $7,072.50         50.00 SH  Shared-Defined N/A Sole
Parker-Hannifin Corporation                  COM            701094104      $15,250.00        200.00 SH  Shared-Defined N/A Sole
Parkway Properties Inc.                      COM            70159Q104       $2,967.86        301.00 SH  Shared-Defined N/A Sole
Partnerre Ltd                                COM            G6852T105      $13,933.57        217.00 SH  Shared-Defined N/A Sole
Patterson Companies Inc                      COM            703395103       $6,258.24        212.00 SH  Shared-Defined N/A Sole
Paychex Inc                                  COM            704326107      $64,375.18      2,138.00 SH  Shared-Defined N/A Sole
Peabody Energy Corporation                   COM            704549104   $1,717,581.25     51,875.00 SH  Shared-Defined N/A Sole
PepsiCo Inc                                  COM            713448108   $9,683,915.22    145,952.00 SH  Shared-Defined N/A Sole
Petroleo Brasileiro ADR                      SP ADR NON VTG 71654V101      $12,355.74        526.00 SH  Shared-Defined N/A Sole
Petsmart Inc                                 COM            716768106   $2,595,274.00     50,600.00 SH  Shared-Defined N/A Sole
Pfizer Inc                                   COM            717081103   $1,225,667.96     56,639.00 SH  Shared-Defined N/A Sole
PG^E Corp                                    COM            69331C108      $31,698.18        769.00 SH  Shared-Defined N/A Sole
Pharmaceutical HOLDRs Trust                  DEPOSITRY RCPT 71712A206     $138,149.00      1,900.00 SH  Shared-Defined N/A Sole
Philip Morris International Common Stock     COM            718172109     $280,252.08      3,571.00 SH  Shared-Defined N/A Sole
Phoenix Companies Common                     COM            71902E109         $772.80        460.00 SH  Shared-Defined N/A Sole
Piedmont Natural Gas Common                  COM            720186105      $23,786.00        700.00 SH  Shared-Defined N/A Sole
Pimco Muni Income Fund III                   COM            72201A103      $73,703.50      6,670.00 SH  Shared-Defined N/A Sole
Pioneer Natural Resources                    COM            723787107      $15,927.44        178.00 SH  Shared-Defined N/A Sole
Piper Jaffray Companies                      COM            724078100       $4,787.40        237.00 SH  Shared-Defined N/A Sole
Plantronics Inc                              COM            727493108         $498.96         14.00 SH  Shared-Defined N/A Sole
POSCO - Adr                                  SPONSORED ADR  693483109       $8,210.00        100.00 SH  Shared-Defined N/A Sole
Potash Corp Saskatchewan                     COM            73755L107     $359,136.00      8,700.00 SH  Shared-Defined N/A Sole
Power-One Inc, New                           COM            73930R102      $19,550.00      5,000.00 SH  Shared-Defined N/A Sole
PowerShares Cleantech Portfolio              CLEANTECH PORT 73935X278       $4,431.27        206.00 SH  Shared-Defined N/A Sole
Powershares QQQ Trust                        UNIT SER 1     73935A104      $43,268.25        775.00 SH  Shared-Defined N/A Sole
Powershares Wilderhill Clean Energy          WNDRHLL CLN EN 73935X500       $2,190.24        432.00 SH  Shared-Defined N/A Sole
PowerShares WilderHill
    Progressive Energy Portfolio             WILDERHILL PRO 73935X161       $5,452.87        242.00 SH  Shared-Defined N/A Sole
PPL Corp                                     COM            69351T106      $52,956.00      1,800.00 SH  Shared-Defined N/A Sole
Praxair Inc                                  COM            74005P104   $2,043,393.50     19,115.00 SH  Shared-Defined N/A Sole
PriceSmart Inc                               COM            741511109      $24,565.27        353.00 SH  Shared-Defined N/A Sole
Principal Financial Grp Common               COM            74251V102     $121,573.20      4,942.00 SH  Shared-Defined N/A Sole
Procter & Gamble Co                          COM            742718109   $8,466,699.80    126,918.00 SH  Shared-Defined N/A Sole
Progress Energy Inc                          COM            743263105      $11,204.00        200.00 SH  Shared-Defined N/A Sole
ProLogis Inc                                 COM            74340W103     $127,625.76      4,464.00 SH  Shared-Defined N/A Sole
Prospect Capital Corp                        COM            74348T102      $62,391.64      6,716.00 SH  Shared-Defined N/A Sole
Prudential Financial, Inc.                   COM            744320102      $50,671.32      1,011.00 SH  Shared-Defined N/A Sole
Public Svc Enterprises Common                COM            744573106     $112,234.00      3,400.00 SH  Shared-Defined N/A Sole
PVH Corp                                     COM            693656100      $12,406.24        176.00 SH  Shared-Defined N/A Sole
QEP Resources Inc.                           COM            74733V100   $1,145,483.50     39,095.00 SH  Shared-Defined N/A Sole
QLogic Corp                                  COM            747277101     $480,000.00     32,000.00 SH  Shared-Defined N/A Sole
Qualcomm Inc                                 COM            747525103   $3,264,988.30     59,689.00 SH  Shared-Defined N/A Sole
Quest Diagnostics Inc                        COM            74834L100   $1,468,859.94     25,299.00 SH  Shared-Defined N/A Sole
Questar Corp                                 COM            748356102   $2,253,117.00    113,450.00 SH  Shared-Defined N/A Sole
Rackspace Hosting Inc.                       COM            750086100       $6,451.50           150 SH  Shared-Defined N/A Sole
Raymond James Financial Inc                  COM            754730109      $10,836.00        350.00 SH  Shared-Defined N/A Sole
Rayonier Inc.                                COM            754907103      $20,083.50        450.00 SH  Shared-Defined N/A Sole
Redwood Tr Inc Common                        COM            758075402   $1,328,255.86    130,477.00 SH  Shared-Defined N/A Sole
Reliance Steel & Aluminum Co.                COM            759509102      $16,019.01        329.00 SH  Shared-Defined N/A Sole
Republic Svcs Inc Common                     COM            760759100      $29,974.40      1,088.00 SH  Shared-Defined N/A Sole
Rockwell Automation Common                   COM            773903109     $388,053.93      5,289.00 SH  Shared-Defined N/A Sole
Roper Industries Inc                         COM            776696106   $3,747,137.45     43,135.00 SH  Shared-Defined N/A Sole
Ross Stores Inc                              COM            778296103     $405,811.14      8,538.00 SH  Shared-Defined N/A Sole
Royal Dutch Shell PLC ADR A                  SPONS ADR A    780259206     $400,971.74      5,486.00 SH  Shared-Defined N/A Sole
Royal Dutch Shell PLC ADR B                  SPON ADR B     780259107     $344,097.27      4,527.00 SH  Shared-Defined N/A Sole
Royal Gold, Inc.                             COM            780287108      $13,486.00        200.00 SH  Shared-Defined N/A Sole
RPM International, Inc.                      COM            749685103      $12,275.00        500.00 SH  Shared-Defined N/A Sole
Safeway Inc                                  COM NEW        786514208       $5,470.40        260.00 SH  Shared-Defined N/A Sole
San Juan Basin Royalty Trust                 UNIT BEN INT   798241105      $19,346.00           850 SH  Shared-Defined N/A Sole
SanDisk Corporation                          COM            80004C101       $2,165.24            44 SH  Shared-Defined N/A Sole
Sanofi-Aventis  ADR                          SPONSORED ADR  80105N105      $59,377.50      1,625.00 SH  Shared-Defined N/A Sole
Scana Corp Common                            COM            80589M102       $9,012.00           200 SH  Shared-Defined N/A Sole
Schlumberger Ltd                             COM            806857108   $2,788,619.13     40,823.00 SH  Shared-Defined N/A Sole
Schnitzer Steel Ind., Inc.                   CL A           806882106      $11,035.08           261 SH  Shared-Defined N/A Sole
Schwab Charles Corp New                      COM            808513105       $1,441.28        128.00 SH  Shared-Defined N/A Sole
Seagate Technology Common, New               SHS            G7945M107       $3,034.00        185.00 SH  Shared-Defined N/A Sole
SEI Investments Co                           COM            784117103      $10,913.15           629 SH  Shared-Defined N/A Sole
Select Sector SPDR Tr                        SBI INT-FINL   81369Y605      $11,700.00        900.00 SH  Shared-Defined N/A Sole
Select Sector Spdr Tr Sbi Int-Energy         SBI INT-ENERGY 81369Y506     $144,827.35      2,095.00 SH  Shared-Defined N/A Sole
Sempra Energy                                COM            816851109      $55,000.00      1,000.00 SH  Shared-Defined N/A Sole
Service Corp Intl                            COM            817565104      $16,912.20      1,588.00 SH  Shared-Defined N/A Sole
Shire Plc Sponsored ADR                      SPONSORED ADR  82481R106       $9,247.10         89.00 SH  Shared-Defined N/A Sole
Short Dow30 ProShares                        PSHS SHORT     74347R701       $1,940.00         50.00 SH  Shared-Defined N/A Sole
Siemens AG Sp ADR                            SPONSORED ADR  826197501      $10,421.49        109.00 SH  Shared-Defined N/A Sole
Sirius Satellite Radio  Inc                  COM            82967N108       $8,372.00      4,600.00 SH  Shared-Defined N/A Sole
Sociedad Quimica y Minera de Chile SA        SPON ADR SER B 833635105      $21,540.00        400.00 SH  Shared-Defined N/A Sole
Solar Capital Ltd.                           COM            83413U100       $6,627.00        300.00 SH  Shared-Defined N/A Sole
Sonoco Prods Common                          COM            835495102      $30,586.88        928.00 SH  Shared-Defined N/A Sole
Sonus Networks, Inc.                         COM            835916107       $1,680.00        700.00 SH  Shared-Defined N/A Sole
Sony Corp - Spons ADR                        ADR NEW        835699307       $7,216.00        400.00 SH  Shared-Defined N/A Sole
Sothebys Class A                             COM            835898107         $285.30         10.00 SH  Shared-Defined N/A Sole
Southern Co                                  COM            842587107   $3,520,400.79     76,051.00 SH  Shared-Defined N/A Sole
Southern Copper Corp                         COM            84265V105     $241,289.10      7,995.00 SH  Shared-Defined N/A Sole
Southern Union Co                            COM            844030106       $7,832.46        186.00 SH  Shared-Defined N/A Sole
Southwest Gas                                COM            844895102     $298,917.15      7,035.00 SH  Shared-Defined N/A Sole
Southwestern Energy Common                   COM            845467109       $3,928.62        123.00 SH  Shared-Defined N/A Sole
SPDR Barclays Capital Convertible Bond ETF   BRCLYS CAP     78464A359      $96,212.20      2,660.00 SH  Shared-Defined N/A Sole
SPDR Barclays Capital
    International Treasury Bond ETF          BRCLYS INTL ETF78464A516      $13,883.88        236.00 SH  Shared-Defined N/A Sole
SPDR BD International Government
    Inflation-Protected Bond ETF             DB INT GVT ETF 78464A490      $81,209.25      1,431.00 SH  Shared-Defined N/A Sole
SPDR DJIA TRUST                              UT SER 1       78467X109      $24,370.00        200.00 SH  Shared-Defined N/A Sole
Spdr Gold Trust                              GOLD SHS       78463V107   $2,500,387.49     16,451.00 SH  Shared-Defined N/A Sole
SPDR Index Shares Funds DJ Wilshire
    International Real Estate ETF            DJ INTL RL ETF 78463X863     $194,099.34      6,098.00 SH  Shared-Defined N/A Sole
SPDR Index Shares S^P International Small CapS^P INTL SMLCP 78463X871      $60,735.21      2,413.00 SH  Shared-Defined N/A Sole
SPDR S^P MidCap 400 ETF Trust                UTSER1 S^PDCRP 78467Y107       $2,392.35         15.00 SH  Shared-Defined N/A Sole
SPDR Series Trust  DJ Wilshire Total REIT    DJ REIT ETF    78464A607     $376,160.40      5,841.00 SH  Shared-Defined N/A Sole
Spectra Energy Corp                          COM            847560109   $3,399,935.25    110,567.00 SH  Shared-Defined N/A Sole
Sprint Nextel Corp                           COM SER 1      852061100       $7,904.52      3,378.00 SH  Shared-Defined N/A Sole
Standard and Poor's Depositary Receipts      TR UNIT        78462F103   $1,768,922.50     14,095.00 SH  Shared-Defined N/A Sole
Stanley Black & Decker Inc                   COM            854502101      $64,625.60        956.00 SH  Shared-Defined N/A Sole
Staples Inc                                  COM            855030102     $237,657.90     17,110.00 SH  Shared-Defined N/A Sole
Star Bulk Carriers Corporation               COM            Y8162K105       $2,878.91      3,234.00 SH  Shared-Defined N/A Sole
Starbucks Corp                               COM            855244109     $238,331.80      5,180.00 SH  Shared-Defined N/A Sole
Starwood Hotels & Resorts Wrldwd             COM            85590A401       $3,453.84         72.00 SH  Shared-Defined N/A Sole
Stryker Corp                                 COM            863667101   $2,383,843.05     47,955.00 SH  Shared-Defined N/A Sole
Sturm Ruger & Co Inc                         COM            864159108      $10,472.98           313 SH  Shared-Defined N/A Sole
SUN Life Financial Inc                       COM            866796105       $7,482.08        404.00 SH  Shared-Defined N/A Sole
Sunoco Inc                                   COM            86764P109      $17,638.60        430.00 SH  Shared-Defined N/A Sole
Symantec Corp Common                         COM            871503108       $1,502.40         96.00 SH  Shared-Defined N/A Sole
Sysco Corp                                   COM            871829107   $3,871,472.01    131,997.00 SH  Shared-Defined N/A Sole
T. Rowe Price Group Inc                      COM            74144T108      $26,823.45        471.00 SH  Shared-Defined N/A Sole
Tanger Factory Outlet Centers Inc            COM            875465106      $46,912.00      1,600.00 SH  Shared-Defined N/A Sole
Target Corp                                  COM            87612E106   $1,535,421.94     29,977.00 SH  Shared-Defined N/A Sole
TE Connectivity Ltd.                         REG SHS        H84989104       $2,526.42         82.00 SH  Shared-Defined N/A Sole
Teco Energy Common                           COM            872375100      $89,958.00      4,700.00 SH  Shared-Defined N/A Sole
Tedegar Corp                                 COM            894650100      $17,087.18        769.00 SH  Shared-Defined N/A Sole
Tejon Ranch Co                               COM            879080109      $10,012.32        409.00 SH  Shared-Defined N/A Sole
Terex Corporation                            COM            880779103     $890,052.31     65,881.00 SH  Shared-Defined N/A Sole
Teva Pharmaceutical Industries Ltd.          ADR            881624209   $1,973,604.00     48,900.00 SH  Shared-Defined N/A Sole
Texas Instruments Inc                        COM            882508104   $4,527,187.21    155,520.00 SH  Shared-Defined N/A Sole
The Gap Inc                                  COM            364760108       $8,737.05        471.00 SH  Shared-Defined N/A Sole
Thermo Fisher Scientific                     COM            883556102       $1,753.83         39.00 SH  Shared-Defined N/A Sole
Thomson Corp                                 COM            884903105       $2,293.62         86.00 SH  Shared-Defined N/A Sole
Time Warner Cable, Inc                       COM            88732J207      $13,603.98        214.00 SH  Shared-Defined N/A Sole
Time Warner Inc                              COM NEW        887317303      $35,670.18        987.00 SH  Shared-Defined N/A Sole
Total  Sa ADR                                SPONSORED ADR  89151E109      $17,428.51        341.00 SH  Shared-Defined N/A Sole
Toyota Motor Corp ADR                        SP ADR REP2COM 892331307      $13,226.00        200.00 SH  Shared-Defined N/A Sole
Transocean Ltd.                              REG SHS        H8817H100   $1,095,688.99     28,541.00 SH  Shared-Defined N/A Sole
Travelers Companies, Inc                     COM            89417E109      $10,177.24        172.00 SH  Shared-Defined N/A Sole
Tyco International  LTD                      SHS            H89128104       $8,781.48        188.00 SH  Shared-Defined N/A Sole
Tyson Foods'a' Cl A                          CL A           902494103      $41,280.00      2,000.00 SH  Shared-Defined N/A Sole
UDR Inc                                      COM            902653104      $11,546.00           460 SH  Shared-Defined N/A Sole
UGI Corporation                              COM            902681105       $7,350.00           250 SH  Shared-Defined N/A Sole
Ultra Petroleum Corp                         COM            903914109   $1,182,148.11     39,897.00 SH  Shared-Defined N/A Sole
Unilever N V New York                        N Y SHS NEW    904784709      $10,311.00           300 SH  Shared-Defined N/A Sole
Unilever Plc ADR                             SPON ADR NEW   904767704      $24,603.68           734 SH  Shared-Defined N/A Sole
Union Pacific Corp                           COM            907818108   $5,577,529.12     52,648.00 SH  Shared-Defined N/A Sole
United Parcel Service - Cl B                 CL B           911312106   $2,430,054.38     33,202.00 SH  Shared-Defined N/A Sole
United States Steel Corp                     COM            912909108       $2,566.62            97 SH  Shared-Defined N/A Sole
United Technologies Corp                     COM            913017109     $766,056.29     10,481.00 SH  Shared-Defined N/A Sole
UnitedHealth Group Inc                       COM            91324P102   $5,128,207.84    101,188.00 SH  Shared-Defined N/A Sole
US Bancorp                                   COM NEW        902973304   $2,774,789.00    102,580.00 SH  Shared-Defined N/A Sole
Vale Sa ADR                                  ADR REPSTG PFD 91912E204       $6,592.00           320 SH  Shared-Defined N/A Sole
Valeant Pharmaceuticals International, Inc.  COM            91911K102      $18,442.55           395 SH  Shared-Defined N/A Sole
Valley National Bancorp                      COM            919794107      $37,208.96      3,008.00 SH  Shared-Defined N/A Sole
ValueClick, Inc.                             COM            92046N102      $16,159.68           992 SH  Shared-Defined N/A Sole
Vanguard Dividend Appreciation Index Fund    DIV APP ETF    921908844   $6,677,738.15    122,191.00 SH  Shared-Defined N/A Sole
Vanguard Emerging Markets ETF                MSCI EMR MKT   922042858   $3,011,253.68     78,808.00 SH  Shared-Defined N/A Sole
Vanguard Growth ETF                          GROWTH ETF     922908736      $30,880.00           500 SH  Shared-Defined N/A Sole
Vanguard Information Technology Index ETF    INF TECH ETF   92204A702      $32,526.10           530 SH  Shared-Defined N/A Sole
Vanguard Large-Cap ETF                       LARGE CAP ETF  922908637     $181,068.00      3,160.00 SH  Shared-Defined N/A Sole
Vanguard Mid-Cap ETF                         MID CAP ETF    922908629      $32,373.00           450 SH  Shared-Defined N/A Sole
Vanguard MSCI EAFE ETF                       MSCI EAFE ETF  921943858      $92,686.38      3,026.00 SH  Shared-Defined N/A Sole
Vanguard REIT ETF                            REIT ETF       922908553      $26,564.00           458 SH  Shared-Defined N/A Sole
Vanguard Small-Cap ETF                       SMALL CP ETF   922908751     $731,535.00     10,500.00 SH  Shared-Defined N/A Sole
Vanguard Total Stock Market ETF              TOTAL STK MKT  922908769     $888,690.30     13,821.00 SH  Shared-Defined N/A Sole
Varian Med Sys Inc Common                    COM            92220P105   $1,306,349.80     19,460.00 SH  Shared-Defined N/A Sole
Vectren Corporation                          COM            92240G101       $9,069.00           300 SH  Shared-Defined N/A Sole
Ventas Inc                                   COM            92276F100      $33,078.00           600 SH  Shared-Defined N/A Sole
Verizon Communications                       COM            92343V104   $5,156,061.92    128,516.00 SH  Shared-Defined N/A Sole
VF Corp                                      COM            918204108     $758,892.24      5,976.00 SH  Shared-Defined N/A Sole
Viacom Inc CL B New                          CL B           92553P201   $3,276,967.24     72,164.00 SH  Shared-Defined N/A Sole
Virtus Investment Partners                   COM            92828Q109       $1,748.23            23 SH  Shared-Defined N/A Sole
Visa Inc.                                    COM CL A       92826C839     $653,345.55      6,435.00 SH  Shared-Defined N/A Sole
Vodafone Group plc- Spons ADR New            SPONS ADR NEW  92857W209   $3,466,329.95    123,665.00 SH  Shared-Defined N/A Sole
W W Grainger Inc                             COM            384802104     $207,780.90      1,110.00 SH  Shared-Defined N/A Sole
Wabtec Corp                                  COM            929740108      $15,109.20           216 SH  Shared-Defined N/A Sole
Waddell & Reed Financial                     CL A           930059100      $11,914.37           481 SH  Shared-Defined N/A Sole
Wal-Mart Stores Inc                          COM            931142103   $9,666,239.76    161,751.00 SH  Shared-Defined N/A Sole
Walgreen Co                                  COM            931422109   $1,975,764.78     59,763.00 SH  Shared-Defined N/A Sole
Walt Disney Company                          COM DISNEY     254687106   $2,635,012.50     70,267.00 SH  Shared-Defined N/A Sole
Washington REIT                              SH BEN INT     939653101      $10,940.00           400 SH  Shared-Defined N/A Sole
Waste Management Inc                         COM            94106L109   $2,023,113.50     61,850.00 SH  Shared-Defined N/A Sole
Waters Corp                                  COM            941848103     $162,910.00      2,200.00 SH  Shared-Defined N/A Sole
WD-40 Company                                COM            929236107      $14,143.50           350 SH  Shared-Defined N/A Sole
Weatherford Intl Ltd                         REG SHS        H27013103      $16,616.40      1,135.00 SH  Shared-Defined N/A Sole
Wellpoint Inc                                COM            94973V107       $8,281.25           125 SH  Shared-Defined N/A Sole
Wells Fargo                                  COM            949746101   $2,832,644.36    102,781.00 SH  Shared-Defined N/A Sole
Werner Enterprises Common                    COM            950755108      $37,909.30      1,573.00 SH  Shared-Defined N/A Sole
Westar Energy Inc                            COM            95709T100      $34,536.00      1,200.00 SH  Shared-Defined N/A Sole
Western Union                                COM            959802109   $3,345,871.10    183,235.00 SH  Shared-Defined N/A Sole
Weyerhaeuser Co Common                       COM            962166104       $4,331.44           232 SH  Shared-Defined N/A Sole
White Mountains insurance Group Ltd          COM            G9618E107      $10,883.04            24 SH  Shared-Defined N/A Sole
Williams Cos Common                          COM            969457100      $11,722.10           355 SH  Shared-Defined N/A Sole
Windstream Corporation                       COM            97381W104   $2,088,287.71    177,878.00 SH  Shared-Defined N/A Sole
Wisconsin Energy Corp Common                 COM            976657106   $1,258,560.00     36,000.00 SH  Shared-Defined N/A Sole
WisdomTree Japan Small Cap Div Fund          JP SMALLCP DIV 97717W836      $10,412.50           250 SH  Shared-Defined N/A Sole
World Wrestling  Entertainment, Inc. Common  CL A           98156Q108       $9,320.00      1,000.00 SH  Shared-Defined N/A Sole
Wynn Resorts Limited                         COM            983134107       $8,286.75            75 SH  Shared-Defined N/A Sole
Xcel Energy                                  COM            98389B100     $211,998.80      7,670.00 SH  Shared-Defined N/A Sole
Xilinx Inc                                   COM            983919101   $2,468,620.00     77,000.00 SH  Shared-Defined N/A Sole
Xylem Inc                                    COM            98419M100     $703,469.27     27,383.00 SH  Shared-Defined N/A Sole
Yahoo Inc                                    COM            984332106      $16,130.00      1,000.00 SH  Shared-Defined N/A Sole
Yum! Brands Inc                              COM            988498101       $8,851.50           150 SH  Shared-Defined N/A Sole
Zimmer Holdings Inc                          COM            98956P102   $1,791,813.64     33,542.00 SH  Shared-Defined N/A Sole
                                                                      $499,187,690.31 13,327,795.95