Harbour Investment Management

Harbour Investment Management as of Dec. 31, 2011

Portfolio Holdings for Harbour Investment Management

Harbour Investment Management holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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FORM 13F INFORMATION TABLE

NAME OF			TITLE		CUSIP		VALUE	SHRS/	SH/  	PUT/	INVST	OTHER	VOTE AUTHORITY
ISSUER			OF CLASS			(X$1000)PRN AMT	PRN	CALL	DSCRTN	MNGRS	SOLE	SHRD	NONE

3M CO			COM		88579Y101	2130	26060	SH		SOLE		24785		1275
ABB Ltd			COM		000375204	1014	53875	SH		SOLE		50475		3400
Abbott Laboratories	COM		002824100	2104	37416	SH		SOLE		35366		2050
Air Products & Chem	COM		009158106	1033	12125	SH		SOLE		11625		500
Allergan Inc		COM		018490102	1143	13030	SH		SOLE		12330		700
AstraZeneca PLC		COM		046353108	1438	31075	SH		SOLE		30175		900
AT^T			COM		00206R102	203	6725	SH		SOLE		6725
Automatic Data		COM		053015103	2879	53310	SH		SOLE		50110		3200
Becton, Dickinson	COM		075887109	1014	13570	SH		SOLE		12920		650
Berkshire Hathaway B	COM		084670207	2753	36080	SH		SOLE		34180		1900
Blackrock Inc		COM		09247X101	915	5135	SH		SOLE		4965		170
Boeing Company		COM		097023105	366	4984	SH		SOLE		4984
Canon Inc		COM		138006309	2047	46485	SH		SOLE		44085		2400
Cenovus Energy Inc	COM		15135U109	889	26785	SH		SOLE		25330		1455
Chevron	Corp		COM		166764100	919	8633	SH		SOLE		8333		300
Cisco Systems		COM		17275r102	1406	77757	SH		SOLE		73797		3960
Coca Cola		COM		191216100	2951	42175	SH		SOLE		39875		2300
Colgate-Palmolive	COM		194162103	625	6760	SH		SOLE		6430		330
ConocoPhillips		COM		20825c104	1617	22196	SH		SOLE		20716		1480
Consolidated Edison	COM		209115104	3128	50430	SH		SOLE		47730		2700
Costco Wholesale	COM		22160k105	3209	38515	SH		SOLE		36365		2150
Daktronics Inc		COM		234264109	379	39600	SH		SOLE		38900		700
Danaher Inc		COM		235851102	341	7240	SH		SOLE		7240
EMC Corp		COM		268648102	1871	86860	SH		SOLE		82560		4300
Emerson Electric	COM		291011104	1630	34990	SH		SOLE		33280		1710
Encana Corp		COM		292505104	433	23365	SH		SOLE		22035		1330
Expeditors Intl Wash	COM		302130109	878	21445	SH		SOLE		20205		1240
Exxon Mobil		COM		30231g102	2442	28810	SH		SOLE		27160		1650
General Electric	COM		369604103	1397	77981	SH		SOLE		72641		5340
GlaxoSmithKline PLC	COM		37733w105	2024	44350	SH		SOLE		41370		2980
Harris Corp		COM		413875105	523	14500	SH		SOLE		13960		540
Heinz H J Co		COM		423074103	1072	19845	SH		SOLE		18995		850
Hewlett-Packard		COM		428236103	1016	39448	SH		SOLE		36898		2550
Intel Corp		COM		458140100	2775	114440	SH		SOLE		108540		5900
IShares Inc		MSCI AUSTRALIA	464286103	666	31075	SH		SOLE		29975		1100
IShares Inc		MSCI CDA INDEX	464286509	1015	38155	SH		SOLE		36580		1575
IShares Inc		MSCI GERMAN	464286806	745	38775	SH		SOLE		36125		2650
IShares Inc		MSCI JAPAN	464286848	1564	171625	SH		SOLE		163425		8200
IShares Inc		MSCI SWITZERLD	464286749	1873	82800	SH		SOLE		78700		4100
IShares Tr		NASDQ BIO INDX	464287556	1431	13715	SH		SOLE		12590		1125
Johnson & Johnson	COM		478160104	2963	45181	SH		SOLE		42796		2385
Kimberly Clark		COM		494368103	2369	32200	SH		SOLE		29900		2300
Medtronic Inc		COM		585055106	907	23718	SH		SOLE		22468		1250
Microsoft		COM		594918104	3753	144550	SH		SOLE		132885		11665
NextEra Energy		COM		65339F101	913	14990	SH		SOLE		14490		500
Norfolk Southern Corp	COM		655844108	1413	19395	SH		SOLE		17845		1550
Novo Nordisk AS		COM		670100205	2289	19860	SH		SOLE		18560		1300
Occidental Pete		COM		674599105	1180	12595	SH		SOLE		12045		550
Paccar			COM		693718108	2612	69699	SH		SOLE		65081		4618
Pepsico			COM		713448108	2632	39669	SH		SOLE		38069		1600
Pfizer			COM		717081103	268	12364	SH		SOLE		12364
Plum Creek Timber	COM		729251108	1267	34661	SH		SOLE		32561		2100
Procter & Gamble	COM		742718109	2494	37382	SH		SOLE		35645		1737
RBC Bearings Inc	COM		75524B104	1430	34300	SH		SOLE		32525		1775
Royal Dutch Shell A	COM		780259206	1863	25485	SH		SOLE		24485		1000
SAP AG			COM		803054204	1062	20050	SH		SOLE		19450		600
Schlumberger Ltd	COM		806857108	1243	18195	SH		SOLE		16995		1200
Select Sector SPDR TR	SBI MATERIALS	81369Y100	1450	43290	SH		SOLE		42015		1275
Snap On Inc		COM		833034101	1397	27600	SH		SOLE		26300		1300
Southern Co		COM		842587107	2102	45400	SH		SOLE		43200		2200
SPDR Gold Trust		GOLD SHS	78463V107	760	5000	SH		SOLE		5000
Starbucks Corp		COM		855244109	3373	73308	SH		SOLE		69238		4070
Steinway Musical Ins	COM		858495104	780	31150	SH		SOLE		29850		1300
Stryker Corp		COM		863667101	1258	25301	SH		SOLE		23941		1360
Total S A		COM		89151E109	1089	21300	SH		SOLE		20395		905
United Parcel Svc	COM		911312106	2291	31305	SH		SOLE		30130		1175
United Technologies	COM		913017109	1797	24590	SH		SOLE		23090		1500
Walgreen Company	COM		931422109	2642	79910	SH		SOLE		76385		3525
Walt Disney Co		COM		254687106	2594	69185	SH		SOLE		66185		3000
Washington Bkg Co	COM		937303105	191	16029	SH		SOLE		16029
Washington Federal	COM		938824109	1064	76081	SH		SOLE		69621		6460
Waste Mgmt Inc		COM		94106L109	960	29360	SH		SOLE		28085		1275
Wells Fargo & Co	COM		949746101	577	20920	SH		SOLE		20095		825