Qci Asset Management

Qci Asset Management as of Dec. 31, 2012

Portfolio Holdings for Qci Asset Management

Qci Asset Management holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE
                                                           VALUE   SHARES/  SH/ PUT/ INVSTMT    OTHER          VOTING AUTHORITY
        NAME OF ISSUER          TITLE OF CLASS    CUSIP   (x$1000) PRN AMT  PRN CALL DSCRETN   MANAGERS     SOLE    SHARED    NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
{S}                            {C}              {C}       {C}      {C}      {C} {C}  {C}     {C}          {C}      {C}      {C}
AUTO GENOMICS INC.                              0529229a1      184    66736 SH       Sole                    66736
WELLS FARGO CO                                  949746879       10      327 SH       Sole                      327
3M CO                          COM              88579y101       26      280 SH       Sole                      280
A T & T                        COM              00206r102      400    11877 SH       Sole                    11877
ABBOTT LABORATORIES            COM              002824100     9757   148967 SH       Sole                   148967
ABERCROMBIE & FITCH CO-CL A    COM              002896207        1       20 SH       Sole                       20
ACCENTURE PLC-CL A             COM              g1151c101        7      110 SH       Sole                      110
ACE LTD                        COM              h0023r105     8100   101507 SH       Sole                   101507
ADELPHIA BUSINESS SOLUTIONS    COM              006847107        0     5100 SH       Sole                     5100
ADELPHIA RECOVERY TRUST        COM              00685r870        0    22000 SH       Sole                    22000
ADOBE SYSTEM INC               COM              00724f101        1       30 SH       Sole                       30
ADVENT SOFTWARE INC            COM              007974108       99     4650 SH       Sole                     4650
AFFILIATED MANAGERS GROUP      COM              008252108      120      924 SH       Sole                      924
AKAMAI TECHNOLOGIES            COM              00971t101        4       87 SH       Sole                       87
ALCATEL - LUCENT - SPONSORED A COM              013904305        0       33 SH       Sole                       33
ALLEGRI TECH INC.              COM              988auk908        0       50 SH       Sole                       50
ALLERGAN INC                   COM              018490102        5       52 SH       Sole                       52
ALLIANCE FINANCIAL CORP        COM              019205103       25      580 SH       Sole                      580
ALLSTATE CORP                  COM              020002101       16      400 SH       Sole                      400
ALTRIA GROUP INC COM           COM              02209S103     8664   275572 SH       Sole                   275572
ALVARION LIMITED               COM              m0861t100        0      113 SH       Sole                      113
AM ELECTRIC POWER INC.         COM              025537101      143     3348 SH       Sole                     3348
AMAZON.COM INC                 COM              023135106       31      124 SH       Sole                      124
AMDOCS LTD                     COM              g02602103       52     1525 SH       Sole                     1525
AMEREN CORPORATION             COM              023608102       95     3100 SH       Sole                     3100
AMERICA MOVIL S.A.B DE C.V     COM              02364w105       38     1662 SH       Sole                     1662
AMERICAN EXPRESS               COM              025816109        9      163 SH       Sole                      163
AMERICAN INT'L GROUP           COM              026874784        1       36 SH       Sole                       36
AMERICAN SUPERCONDUCTOR CORP   COM              030111108        1      375 SH       Sole                      375
AMGEN INC                      COM              031162100     8777   101816 SH       Sole                   101816
AMN GREETINGS CORP             COM              026375105        7      392 SH       Sole                      392
AMNEX INC.                     COM              031674203        0    13000 SH       Sole                    13000
ANADARKO PETROLEUM CORPORATION COM              032511107       47      628 SH       Sole                      628
ANALOG DEVICES                 COM              032654105       63     1500 SH       Sole                     1500
ANNALY CAPITAL MANAGEMENT IN   COM              035710409       28     2000 SH       Sole                     2000
AOL INC                        COM              00184x105        1       28 SH       Sole                       28
APACHE CORP                    COM              037411105     6880    87642 SH       Sole                    87642
APPLE COMPUTER INC.            COM              037833100    13129    24671 SH       Sole                    24671
APPLIED VISUAL SCIENCES INC    COM              038287108        1    50000 SH       Sole                    50000
AQUA AMERICA INC               COM              03836w103       21      834 SH       Sole                      834
ARCHER-DANIELS-MIDLAND COMPANY COM              039483102       29     1075 SH       Sole                     1075
ASKMENOW INC                   COM              045188109        0      100 SH       Sole                      100
ASTRAZENECA PLC - SPONS ADR    COM              046353108       32      680 SH       Sole                      680
ATX COMMUNICATIONS INC.        COM              002113108        0       28 SH       Sole                       28
AVON PRODUCTS INC              COM              054303102        0        8 SH       Sole                        8
BAIDU.COM - SPON ADR           COM              056752108        3       34 SH       Sole                       34
BAKER HUGHES INC               COM              057224107       55     1348 SH       Sole                     1348
BANK AKRON N Y                 COM              060419108       52      868 SH       Sole                      868
BANK OF AMERICA CORP           COM              060505104    13730  1182570 SH       Sole                  1182570
BANK OF MONTREAL               COM              063671101       18      300 SH       Sole                      300
BANK OF NEW YORK MELLON CORP C COM              064058100        3      120 SH       Sole                      120
BARRICK GOLD CORP              COM              067901108    13676   390634 SH       Sole                   390634
BEAM INC                       COM              073730103        6      100 SH       Sole                      100
BECTON DICKINSON & CO          COM              075887109       20      250 SH       Sole                      250
BERKSHIRE HATHAWAY INC-CL B    COM              084670702     5833    65032 SH       Sole                    65032
BEST BUY COMPANY INC           COM              086516101        2      170 SH       Sole                      170
BG GROUP PLC - SPON ADR        COM              055434203        2      100 SH       Sole                      100
BGC PARTNERS INC - CL A        COM              05541t101        7     2000 SH       Sole                     2000
BIOGEN IDEC INC                COM              09062x103        1        8 SH       Sole                        8
BLACKSTONE GROUP LP/THE        COM              09253u108       33     2100 SH       Sole                     2100
BLDRS DEV MKTS 100 ADR INDEX   COM              09348r201       68     3230 SH       Sole                     3230
BLDRS EMER MKTS 50 ADR INDEX   COM              09348r300       40     1000 SH       Sole                     1000
BLDRS EUROPE 100 ADR INDEX     COM              09348r409       19      910 SH       Sole                      910
BLOCK H & R INC                COM              093671105        6      319 SH       Sole                      319
BOEING                         COM              097023105      201     2663 SH       Sole                     2663
BP PLC-SPONS ADR               COM              055622104      977    23455 SH       Sole                    23455
BRISTOL-MYERS SQUIBB CO.       COM              110122108      164     5042 SH       Sole                     5042
BROADRIDGE FINANCIAL SOLUTIONS COM              11133t103        2       75 SH       Sole                       75
BROADSOFT INC                  COM              11133b409      226     6226 SH       Sole                     6226
BUCKEYE PARTNERS LP            COM              118230101        5      100 SH       Sole                      100
BURROUGHS CORPORATION          COM              aci02a463        0       80 SH       Sole                       80
CABELA'S INC - CL A            COM              126804301        1       25 SH       Sole                       25
CABOT GROUP                    COM              127055101        2       46 SH       Sole                       46
CALGON CARBON CORP             COM              129603106        3      190 SH       Sole                      190
CALIFORNIA COMMUNITY BANK      COM              13013e107       46     3333 SH       Sole                     3333
CAMERON INTERNATIONAL CORP     COM              13342b105        5       90 SH       Sole                       90
CAN IMPERIAL BK OF COMMERCE    COM              136069101       19      240 SH       Sole                      240
CANADIAN PACIFIC RAILWAY LTD   COM              13645t100       11      112 SH       Sole                      112
CAPITAL ONE FINANCIAL CORP     COM              14040h105       30      526 SH       Sole                      526
CAREFUSION CORP                COM              14170t101     5486   191957 SH       Sole                   191957
CATERPILLAR INC.               COM              149123101       31      350 SH       Sole                      350
CELGENE CORP                   COM              151020104        2       21 SH       Sole                       21
CENOVUS ENERGY INC             COM              15135u109       11      335 SH       Sole                      335
CENTURYLINK INC.               COM              156700106       17      431 SH       Sole                      431
CENVILLE DEVELOPMENT CORP.     COM              aci02a3s6        0       26 SH       Sole                       26
CHESAPEAKE ENERGY CORP         COM              165167107        7      400 SH       Sole                      400
CHESAPEAKE UTILITIES CORP      COM              165303108       17      385 SH       Sole                      385
CHEVRON CORP                   COM              166764100    11109   102729 SH       Sole                   102729
CHICO'S FAS INC                COM              168615102        1       50 SH       Sole                       50
CHINA MOBILE LTD - SPON ADR    COM              16941m109        5       80 SH       Sole                       80
CHUBB CP                       COM              171232101       21      274 SH       Sole                      274
CIGNA CORP                     COM              125509109       21      386 SH       Sole                      386
CISCO SYSTEMS INC              COM              17275r102    13212   672370 SH       Sole                   672370
CITIGROUP INC                  COM              172967424       52     1318 SH       Sole                     1318
CITRIX SYS INC COM             COM              177376100      152     2315 SH       Sole                     2315
CLOROX COMPANY                 COM              189054109       21      280 SH       Sole                      280
COACH INC                      COM              189754104        4       77 SH       Sole                       77
COCA-COLA CO                   COM              191216100      156     4311 SH       Sole                     4311
COGNIZANT TECH SOLUTIONS - A   COM              192446102        1       20 SH       Sole                       20
COLGATE PALMOLIVE              COM              194162103       21      200 SH       Sole                      200
COLUMBIA SPORTSWEAR CO.        COM              198516106       33      625 SH       Sole                      625
COMCAST CORP  CL A             COM              20030n101      114     3044 SH       Sole                     3044
COMMUNICATION INTELLIGENCE     COM              20338k106        0     2000 SH       Sole                     2000
COMMUNITY BANK SYSTEM INC      COM              203607106       27     1000 SH       Sole                     1000
COMMUNITY HEALTH SYSTEMS       COM              203668108       28      900 SH       Sole                      900
CONAGRA INC                    COM              205887102       32     1100 SH       Sole                     1100
CONCEPTUS INC                  COM              206016107        2      102 SH       Sole                      102
CONOCOPHILLIPS                 COM              20825c104     9122   157305 SH       Sole                   157305
CONSOLIDATED EDISON INC        COM              209115104       68     1216 SH       Sole                     1216
CONSTELLATION BRANDS INC-A     COM              21036p108       14      402 SH       Sole                      402
COOP REGIONS OF ORGANIC PRODS  COM              21685u9a1        5      103 SH       Sole                      103
CORNING INC                    COM              219350105    13597  1077389 SH       Sole                  1077389
CORNING NATURAL GAS            COM              219381100      249    16274 SH       Sole                    16274
COSTCO WHOLESALE CORP          COM              22160k105       10      100 SH       Sole                      100
COVANCE INC.                   COM              222816100        2       30 SH       Sole                       30
CRACKER BARREL OLD COUNTRY     COM              22410j106        6      100 SH       Sole                      100
CREE RESEARCH INC              COM              225447101       19      550 SH       Sole                      550
CRYSTAL BRANDS INC             COM              229070107        0       24 SH       Sole                       24
CSG SYSTEMS INTERNATIONAL INC. COM              126349109       16      900 SH       Sole                      900
CSX CORP                       COM              126408103       15      750 SH       Sole                      750
CULLEN FROST BANC              COM              229899109       46      849 SH       Sole                      849
CVS/CAREMARK CORP              COM              126650100       27      558 SH       Sole                      558
CYPRESS SEMICONDUCTOR CORP     COM              232806109        2      170 SH       Sole                      170
DARDEN RESTAURANTS             COM              237194105       22      480 SH       Sole                      480
DENDREON CORP                  COM              24823q107        0       50 SH       Sole                       50
DETROIT EDISON                 COM              233331107       18      300 SH       Sole                      300
DEVON ENERGY CORPORATION       COM              25179m103        1       17 SH       Sole                       17
DICK'S SPORTING GOODS INC      COM              253393102        1       20 SH       Sole                       20
DOMINION RESOURCES INC/VA      COM              25746u109      112     2164 SH       Sole                     2164
DOVER CORP                     COM              260003108       41      620 SH       Sole                      620
DOW CHEMICAL                   COM              260543103        1       35 SH       Sole                       35
DUKE ENERGY CORP.              COM              26441c204      151     2374 SH       Sole                     2374
DUPONT                         COM              263534109       42      939 SH       Sole                      939
E. ON SE - SPONSORED ADR       COM              268780103        3      155 SH       Sole                      155
EASTMAN CHEMICAL               COM              277432100       14      200 SH       Sole                      200
EASTMAN KODAK                  COM              277461109        0     1386 SH       Sole                     1386
EATON CORP                     COM                              26      471 SH       Sole                      471
EBAY INC.                      COM              278642103       12      240 SH       Sole                      240
ELI LILLY & CO                 COM              532457108       22      450 SH       Sole                      450
ELSINORE CORPORATION           COM              290308105        0      100 SH       Sole                      100
EMC CORPORATION                COM              268648102     7984   315571 SH       Sole                   315571
EMERSON ELEC CO                COM              291011104       34      640 SH       Sole                      640
EMPIRE STATE MUNI EX TRUST SER COM              988acj901        0       31 SH       Sole                       31
EMPRESA BRASILIERA DE AE - ADR COM              29082A107       29     1028 SH       Sole                     1028
ENCANA CORP                    COM              292505104        3      153 SH       Sole                      153
ENERGY TRANSFER PARTNERS LP    COM              29273r109        1       21 SH       Sole                       21
ENTERGY CORP                   COM              29364g103        1       15 SH       Sole                       15
ENTERPRISE PRODUCTS PARTNERS   COM              293792107       31      620 SH       Sole                      620
EOG RESOURCES INC.             COM              26875p101        1       10 SH       Sole                       10
ESTEE LAUDER COMPANIES-CL A    COM              518439104       13      221 SH       Sole                      221
EXELIS INC                     COM              30162a108        8      700 SH       Sole                      700
EXELON CORP                    COM              30161n101       59     1968 SH       Sole                     1968
EXPRESS SCRIPTS HOLDINGS CO    COM              30219g108        8      152 SH       Sole                      152
EXXON MOBIL CORPORATION        COM              30231g102    16370   189138 SH       Sole                   189138
FACEBOOK INC                   COM              30303m102       43     1625 SH       Sole                     1625
FAIRPOINT COMMUNICATIONS INC   COM              305560104        0        4 SH       Sole                        4
FAMILY DLR STORES INC COM      COM              307000109        6      100 SH       Sole                      100
FANNIE MAE                     COM              313586109        0      201 SH       Sole                      201
FANUC LTD - UNSP ADR           COM              307305102        3      105 SH       Sole                      105
FASTENAL CO                    COM              311900104        9      195 SH       Sole                      195
FEDEX CORP                     COM              31428x106       22      236 SH       Sole                      236
FIFTH THIRD BANCORP            COM              316773100       18     1200 SH       Sole                     1200
FIRST AMERICAN BANK AND TRUST  COM              aci02a3n7        0      440 SH       Sole                      440
FIRST NIAGARA FINANCIAL GROUP, COM              33582v108      106    13396 SH       Sole                    13396
FIRSTENERGY CORP               COM              337932107       54     1301 SH       Sole                     1301
FISERV                         COM              337738108       16      200 SH       Sole                      200
FLUOR CORP                     COM              343412102       12      200 SH       Sole                      200
FORD MOTOR CO.                 COM              345370860      289    22295 SH       Sole                    22295
FORTUNE BRANDS HOME & SECURI   COM              34964c106        3      100 SH       Sole                      100
FRANKLIN RESOURCES INC         COM              354613101        1       11 SH       Sole                       11
FREEPORT - MCMORAN COPPER - B  COM              35671D857        5      160 SH       Sole                      160
FRESENIUS MEDICAL CARE - ADR   COM              358029106        7      202 SH       Sole                      202
FRONTIER COMMUNICATIONS CORP   COM              35906a108        2      365 SH       Sole                      365
FRONTIER INSURANCE GROUP INC   COM              359081106        0      400 SH       Sole                      400
FUJITSU LTD - UNSPON ADR       COM              359590304        6      302 SH       Sole                      302
GANNETT CO., INC.              COM              364730101       11      636 SH       Sole                      636
GATX CORP                      COM              361448103       10      230 SH       Sole                      230
GENERAL DYNAMICS CORP          COM              369550108       10      150 SH       Sole                      150
GENERAL ELECTRIC               COM              369604103    10317   491540 SH       Sole                   491540
GENERAL MILLS                  COM              370334104      109     2688 SH       Sole                     2688
GENERAL MOTORS                 COM              37045v100        1       20 SH       Sole                       20
GILEAD SCIENCES INC            COM              375558103        2       28 SH       Sole                       28
GLAXOSMITHKLINE PLC-ADS        COM              37733w105       15      334 SH       Sole                      334
GLOBAL MATRECHS INC            COM              37944w209        0        5 SH       Sole                        5
GOLDMAN SACHS GROUP INC        COM              38141g104     7700    60363 SH       Sole                    60363
GOOGLE INC - CL A              COM              38259p508     9690    13698 SH       Sole                    13698
GRIFFON CORPORATION            COM              398433102        1       89 SH       Sole                       89
GUGGENHEIM S^P 500 EQUAL WEIGH COM              78355w106       61     1150 SH       Sole                     1150
HALLIBURTON CO.                COM              406216101       42     1219 SH       Sole                     1219
HANCOCK JOHN INCOME SECS CORP  COM              410122105        0       30 SH       Sole                       30
HEINEKEN NV-SPN ADR            COM              423012301        5      150 SH       Sole                      150
HEINZ (H.J.) CO                COM              423074103       57      995 SH       Sole                      995
HENLEY GROUP INC/DEL           COM              42550h108        0      100 SH       Sole                      100
HERSHEY FOODS CORP             COM              427866108       81     1124 SH       Sole                     1124
HESS CORP                      COM              42809h107       21      400 SH       Sole                      400
HOME DEPOT INC                 COM              437076102       76     1234 SH       Sole                     1234
HOME PROPERTIES INC            COM              437306103      329     5374 SH       Sole                     5374
HONEYWELL INTERNATIONAL INC    COM              438516106       67     1055 SH       Sole                     1055
HORMEL FOODS CORP              COM              440452100        2       75 SH       Sole                       75
HOSPIRA INC                    COM              441060100        4      119 SH       Sole                      119
HOWARD HUGHES CORP/THE         COM              44267d107       15      200 SH       Sole                      200
HSBC HLDGS PLC SPONS ADR NEW   COM              404280406     8319   156757 SH       Sole                   156757
HUNTINGTON BANCSHARES INC      COM              446150104        6     1000 SH       Sole                     1000
IAHL CORP                      COM              450722103        0        0 SH       Sole                        0
ILLINOIS TOOL WORKS INC        COM              452308109       62     1018 SH       Sole                     1018
INFINERA CORP                  COM              45667g103        6     1065 SH       Sole                     1065
INGREDION INC                  COM              457187102        4       60 SH       Sole                       60
INTEL CORPORATION              COM              458140100     7640   370535 SH       Sole                   370535
INTERCONTINENTAL HOTELS - ADR  COM              45857p400        1       48 SH       Sole                       48
INTERNATIONAL BUSINESS MACHINE COM              459200101     8249    43062 SH       Sole                    43062
INTERNATIONAL PAPER CO         COM              460146103        2       41 SH       Sole                       41
INTL THOROUGHBRED BREEDERS     COM              460491806        0        5 SH       Sole                        5
INTUIT INC                     COM              461202103       22      370 SH       Sole                      370
INTUITIVE SURGICAL INC         COM              46120e602       25       50 SH       Sole                       50
INVENSYS PLC - SPON ADR        COM              461204208        1      107 SH       Sole                      107
ISHARES COHEN & STEERS RLTY    COM              464287564       37      465 SH       Sole                      465
ISHARES CORE SP 500 ETF        COM              464287200       85      593 SH       Sole                      593
ISHARES CORE SP MID CAP ETF    COM              464287507      386     3800 SH       Sole                     3800
ISHARES CORE SP SMALL CAP ETF  COM              464287804    12047   154251 SH       Sole                   154251
ISHARES DJ SELECT DIVIDEND     COM              464287168       11      200 SH       Sole                      200
ISHARES DJ US PHARMA INDEX F   COM              464288836        5       63 SH       Sole                       63
ISHARES DJ US REGIONAL BANKS   COM              464288778       67     2726 SH       Sole                     2726
ISHARES FTSE EPRA/NAREIT GLO   COM              464288489       41     1250 SH       Sole                     1250
ISHARES FTSE/XINHUA CHINA 25   COM              464287184      107     2640 SH       Sole                     2640
ISHARES GSCI CMDTY INDX TRST   COM              46428r107       48     1450 SH       Sole                     1450
ISHARES MSCI AUSTRALIA INDEX   COM              464286103        8      300 SH       Sole                      300
ISHARES MSCI BRAZIL            COM              464286400        5       90 SH       Sole                       90
ISHARES MSCI BRIC INDEX FUND   COM              464286657       20      485 SH       Sole                      485
ISHARES MSCI EAFE INDEX FUND   COM              464287465    12327   216804 SH       Sole                   216804
ISHARES MSCI EMERGING MKT IN   COM              464287234      447    10080 SH       Sole                    10080
ISHARES MSCI JAPAN INDEX FD    COM              464286848       13     1300 SH       Sole                     1300
ISHARES MSCI MALAYSIA          COM              464286830       11      700 SH       Sole                      700
ISHARES MSCI PACIFIC EX JPN    COM              464286665      141     2995 SH       Sole                     2995
ISHARES MSCI TAIWAN INDEX FD   COM              464286731        7      525 SH       Sole                      525
ISHARES RUSSELL 1000 GROWTH    COM              464287614       78     1197 SH       Sole                     1197
ISHARES RUSSELL 1000 INDEX     COM              464287622        7       90 SH       Sole                       90
ISHARES RUSSELL 1000 VALUE     COM              464287598       20      278 SH       Sole                      278
ISHARES RUSSELL 2000           COM              464287655      527     6252 SH       Sole                     6252
ISHARES RUSSELL 2000 GROWTH    COM              464287648       10      100 SH       Sole                      100
ISHARES S^P 100 INDEX FUND     COM              464287101        3       50 SH       Sole                       50
ISHARES S^P GLOBAL TIMBER      COM              464288174       27      595 SH       Sole                      595
ISHARES S^P LATIN AMERICA 40   COM              464287390        0       10 SH       Sole                       10
ITT CORP                       COM              450911201        8      350 SH       Sole                      350
JEFFERIES GROUP INC (NEW)      COM              472319102        2      100 SH       Sole                      100
JM SMUCKER CO/THE-NEW COM      COM              832696405        3       35 SH       Sole                       35
JOHNSON & JOHNSON              COM              478160104    11075   157982 SH       Sole                   157982
JOHNSON CONTROLS INC           COM              478366107        1       40 SH       Sole                       40
JP MORGAN CHASE & CO.          COM              46625h100    12846   292164 SH       Sole                   292164
JUNIPER NETWORKS, INC          COM              48203r104       48     2422 SH       Sole                     2422
KB HOME                        COM              48666k109       40     2500 SH       Sole                     2500
KELLOGG CO                     COM              487836108       11      203 SH       Sole                      203
KENNAMETAL INC                 COM              489170100        0       10 SH       Sole                       10
KEYCORP-OLD                    COM              493263107        0        1 SH       Sole                        1
KEYNOTE SYSTEMS INC            COM              493308100       24     1700 SH       Sole                     1700
KIMBERLY CLARK                 COM              494368103       68      800 SH       Sole                      800
KINDER CARE LEARNING PARTNERS  COM              494521982        0        8 SH       Sole                        8
KINDER MORGAN ENERGY PRTNRS    COM              494550106       29      366 SH       Sole                      366
KINDER MORGAN INC              COM              49456b101        1       22 SH       Sole                       22
KRAFT FOODS GROUP INC          COM              50076q106       38      827 SH       Sole                      827
KRISPY KREME DOUGHNUTS INC     COM              501014104        0        4 SH       Sole                        4
LAS VEGAS SANDS CORP           COM              517834107        5      104 SH       Sole                      104
LIFE TECHNOLOGIES CORP         COM              53217v109       22      442 SH       Sole                      442
LINCOLN NATIONAL CORP          COM              534187109        3      134 SH       Sole                      134
LITTON INDUSTRIES INC          COM              3691661q6        0        8 SH       Sole                        8
LOCKHEED MARTIN CORPORATION    COM              539830109       30      320 SH       Sole                      320
LONE STAR INDUSTRIES INC.      COM              aci02a3r8        0      400 SH       Sole                      400
LOWES COS INC                  COM              548661107     9384   264181 SH       Sole                   264181
LSI CORPORATION                COM              502161102        0        2 SH       Sole                        2
LULULEMON ATHLETICA INC-W/I    COM              550021109       11      150 SH       Sole                      150
LUMENIS LTD                    COM              m6778q105        1      900 SH       Sole                      900
LVMH MOET HENNESSY - UNSP ADR  COM              502441306        5      128 SH       Sole                      128
M & T BANK CORPORATION         COM              55261f104      427     4336 SH       Sole                     4336
MACY'S INC                     COM              55616p104        2       44 SH       Sole                       44
MANITOWOC COMPANY INC          COM              563571108       11      671 SH       Sole                      671
MANNING & NAPIER INC           COM              56382q102      176    14000 SH       Sole                    14000
MARATHON OIL CORP              COM              565849106        7      225 SH       Sole                      225
MARATHON PETROLEUM CORP        COM              56585a102        7      112 SH       Sole                      112
MARKET VECTORS AGRIBUSINESS    COM              57060u605        2       45 SH       Sole                       45
MARKET VECTORS GLOBAL ALT ENER COM              57060u407        4      350 SH       Sole                      350
MARRIOTT INTERNATIONAL-CL A    COM              571903202       10      275 SH       Sole                      275
MARRIOTT VACATIONS WORLD       COM              57164y107        1       27 SH       Sole                       27
MARSH & MCLENNAN COS COM       COM              571748102        5      131 SH       Sole                      131
MARTHA STEWART LIVING -CL A    COM              573083102        0      100 SH       Sole                      100
MASTERCARD INC - CLASS A       COM              57636q104     8628    17562 SH       Sole                    17562
MCCORMICK & CO - NON VTG SHRS  COM              579780206        4       70 SH       Sole                       70
MCDONALDS CORP.                COM              580135101      163     1853 SH       Sole                     1853
MCGRAW-HILL COMPANIES INC.     COM              580645109       14      250 SH       Sole                      250
MEAD JOHNSON NUTRITION COMPANY COM              582839106        7      100 SH       Sole                      100
MEDTRONIC                      COM              585055106        1       20 SH       Sole                       20
MERCK & CO. INC.               COM              58933y105       79     1918 SH       Sole                     1918
METLIFE INC                    COM              59156r108        9      266 SH       Sole                      266
MICROCHIP TECHNOLOGY INC       COM              595017104      175     5380 SH       Sole                     5380
MICROSOFT CORP                 COM              594918104     8031   300687 SH       Sole                   300687
MIRANT CORP                    COM              604675991        0      902 SH       Sole                      902
MONDELEZ INTERNATIONAL INC - A COM              609207105       66     2589 SH       Sole                     2589
MONRO MUFFLER BRAKE INC        COM              610236101       21      600 SH       Sole                      600
MONSANTO CO                    COM              61166w101     6691    70696 SH       Sole                    70696
MOTOROLA SOLUTIONS INC         COM              620076307        8      146 SH       Sole                      146
MOTRICITY INC                  COM              620107102        2     6001 SH       Sole                     6001
MSC INDUSTRIAL DIRECT CO - A   COM              553530106        1       10 SH       Sole                       10
MYLAN LABORATORIES             COM              628530107        8      278 SH       Sole                      278
N B T BANCORP INC              COM              628778102      314    15500 SH       Sole                    15500
NATIONAL FUEL GAS              COM              636180101       35      700 SH       Sole                      700
NESTLE SPON ADR                COM              641069406        6       97 SH       Sole                       97
NETAPP INC                     COM              64110d104        0        9 SH       Sole                        9
NETGEAR INC                    COM              64111q104       66     1675 SH       Sole                     1675
NEW GOLD INC                   COM              644535106        9      800 SH       Sole                      800
NEWMONT MINING CORP            COM              651639106      227     4892 SH       Sole                     4892
NEWS CORP - CL A               COM              65248e104       15      581 SH       Sole                      581
NEXTERA ENERGY INC             COM              65339f101     8546   123511 SH       Sole                   123511
NIKE INC -CL B                 COM              654106103        6      114 SH       Sole                      114
NISOURCE, INC                  COM              65473p105       52     2100 SH       Sole                     2100
NISSAN MOTOR CO LTD - SPON ADR COM              654744408        2      100 SH       Sole                      100
NOKIA CORP-SPON ADR            COM              654902204        1      200 SH       Sole                      200
NORDSTROM INC                  COM              655664100        1       24 SH       Sole                       24
NORFOLK SOUTHERN               COM              655844108       57      917 SH       Sole                      917
NORTEL NETWORKS CORPORATION    COM              656568508        0       10 SH       Sole                       10
NORTHEAST UTILITIES            COM              664397106        2       50 SH       Sole                       50
NORTHWEST BANCSHARES INC       COM              667340103       37     3057 SH       Sole                     3057
NOVARTIS AG-ADR                COM              66987v109       47      745 SH       Sole                      745
NOVO-NORDISK A/S - SPONS ADR   COM              670100205        4       24 SH       Sole                       24
NUCOR CORP                     COM              670346105     8072   187027 SH       Sole                   187027
NXP SEMICONDUCTORS NV          COM              n6596x109        1       25 SH       Sole                       25
OCCIDENTAL PETROLEUM CORP      COM              674599105       50      647 SH       Sole                      647
OFFICEMAX INC                  COM              67622p101        3      358 SH       Sole                      358
ONEIDA FINANCIAL CORP          COM              682479100       64     6038 SH       Sole                     6038
ONEOK PARTNERS LP              COM              68268n103       22      400 SH       Sole                      400
ORACLE CORPORATION             COM              68389x105       84     2513 SH       Sole                     2513
ORION PICTURES CORPORATION     COM              aci02a3q0        0      500 SH       Sole                      500
PALL CORPORATION               COM              696429307        5       85 SH       Sole                       85
PANERA BREAD COMPANY - CL A    COM              69840w108        4       25 SH       Sole                       25
PAR TECHNOLOGY CORP/DEL        COM              698884103        1      300 SH       Sole                      300
PARKER S C & INC               COM              701096109        2      279 SH       Sole                      279
PATHFINDER BANCORP INC         COM              70320a103        2      150 SH       Sole                      150
PAYCHEX                        COM              704326107      946    30410 SH       Sole                    30410
PEABODY ENERGY CORP            COM              704549104     7019   263787 SH       Sole                   263787
PENN TRAFFIC COMPANY           COM              707832200        0       10 SH       Sole                       10
PENTAIR LTD - REGISTERED       COM              H6169Q108        2       50 SH       Sole                       50
PEPSICO                        COM              713448108     9476   138472 SH       Sole                   138472
PERKINELMER INC                COM              714046109       15      463 SH       Sole                      463
PETROLIO BRASILEIRO SA ADR     COM              71654v101        5      280 SH       Sole                      280
PFIZER INC                     COM              717081103     9503   378912 SH       Sole                   378912
PHILIP MORRIS INCORPORATED     COM              aci02a471        0      200 SH       Sole                      200
PHILIP MORRIS INTERNATIONAL    COM              718172109      274     3277 SH       Sole                     3277
PHOTRONICS INC                 COM              719405102       24     4000 SH       Sole                     4000
PIONEER NATURAL RESOURCES CO.  COM              723787107        4       41 SH       Sole                       41
PITNEY BOWES INC               COM              724479100       21     2000 SH       Sole                     2000
PITTSBURGH PLATE GLASS COMPANY COM              aci02a3o5        0       10 SH       Sole                       10
PLAINS ALL AMER PIPELINE LP    COM              726503105      118     2600 SH       Sole                     2600
PLAINS EXPLORATION & PRODUCT   COM              726505100        7      150 SH       Sole                      150
PLUM CREEK TIMBER CO           COM              729251108      222     5000 SH       Sole                     5000
PNC FINANCIAL SERVICES GROUP   COM              693475105     6730   115412 SH       Sole                   115412
POTASH CORP OF SASKATCHEWAN    COM              73755l107       16      400 SH       Sole                      400
POWERSHARES GBL CLEAN ENERGY   COM              73936t615        3      400 SH       Sole                      400
POWERSHARES QQQ                COM              73935a104      127     1955 SH       Sole                     1955
PPG INDUSTRIES INC             COM              693506107       39      290 SH       Sole                      290
PPL CORP                       COM              69351t106       82     2860 SH       Sole                     2860
PRINCIPAL FINANCIAL GROUP      COM              74251v102        3      105 SH       Sole                      105
PROCTER & GAMBLE CO.           COM              742718109    11104   163564 SH       Sole                   163564
PRUDENTIAL FINANCIAL INC       COM              744320102        4       83 SH       Sole                       83
PSI NET, INC.                  COM              74437c101        0    14456 SH       Sole                    14456
PUBLIC SERVICE ENTERPRISES     COM              744573106       20      650 SH       Sole                      650
QLOGIC CORP                    COM              747277101        2      200 SH       Sole                      200
QUALCOMM INC                   COM              747525103        1       24 SH       Sole                       24
RAYTHEON                       COM              755111507       40      700 SH       Sole                      700
REYNOLDS AMERICAN INC          COM              761713106       17      400 SH       Sole                      400
RIVERBED TECHNOLOGY INC        COM              768573107       14      700 SH       Sole                      700
ROCHE HOLDINGS LTD - SPONS ADR COM              771195104      146     2892 SH       Sole                     2892
ROCKWELL INTL CORP             COM              773903109        1       13 SH       Sole                       13
ROYAL DUTCH SHELL PLC - ADR A  COM              780259206       20      288 SH       Sole                      288
RWE AKTIENGESELLSCHAF - SP ADR COM              74975e303        2       45 SH       Sole                       45
S^P 400 MID-CAP DEPOSITORY REC COM              78467y107     6845    36856 SH       Sole                    36856
SANDISK CORP                   COM              80004c101        1       22 SH       Sole                       22
SANDSTORM GOLD LTD             COM              80013r206        6      500 SH       Sole                      500
SBC COMMUNICATIONS             COM              78387g103       50     1963 SH       Sole                     1963
SCHAWK INC                     COM              806373106        6      472 SH       Sole                      472
SCHLUMBERGER LTD               COM              806857108     8836   127507 SH       Sole                   127507
SCOTTS MIRACLE - GRO CO - CL A COM              810186106        9      200 SH       Sole                      200
SEADRILL LTD                   COM              g7945e105       11      300 SH       Sole                      300
SEMPRA ENERGY                  COM              816851109       59      837 SH       Sole                      837
SINGAPORE TELECOMMUNICAT - ADR COM              82929r304        4      150 SH       Sole                      150
SIRIUS SATELLITE RADIO INC     COM              82967n108        9     3000 SH       Sole                     3000
SMITH & WESSON HOLDING CORP    COM              831756101       59     7000 SH       Sole                     7000
SOUTHERN COMPANY               COM              842587107     7505   175306 SH       Sole                   175306
SOUTHWEST AIRLINES             COM              844741108       11     1031 SH       Sole                     1031
SPDR DOW JONES INDUSTRIAL AVER COM              78467x109      698     5345 SH       Sole                     5345
SPDR GOLD TRUST GOLD SHS       COM              78463v107      190     1175 SH       Sole                     1175
SPDR S^P 500 ETF TRUST         COM              78462f103    10379    72882 SH       Sole                    72882
SPECTRA ENERGY CORP            COM              847560109       43     1585 SH       Sole                     1585
SPONGETECH DELIVERY SYSTEMS    COM              849109103        0     8570 SH       Sole                     8570
SPRINT CORP (FON GROUP)        COM              852061100        0       63 SH       Sole                       63
SPX CORP COM                   COM              784635104        5       70 SH       Sole                       70
STANLEY BLACK & DECKER INC     COM              854502101        0        6 SH       Sole                        6
STARBUCKS CORP                 COM              855244109        1       13 SH       Sole                       13
STARRETT (L.S.) CO - CL A      COM              855668109      425    43821 SH       Sole                    43821
STARWOOD HOTELS & RESORTS      COM              85590a401        1       11 SH       Sole                       11
STARWOOD PROPERTY TRUST INC    COM              85571b105       39     1700 SH       Sole                     1700
STATE STREET CORP              COM              857477103     9071   192949 SH       Sole                   192949
STERIS CORPORATION             COM              859152100       72     2085 SH       Sole                     2085
STEUBEN TR CO HORNELL N Y      COM              860010107       20      850 SH       Sole                      850
STRATABOUND MINERALS CORP      COM              86268e105        0     2000 SH       Sole                     2000
STRYKER CORP                   COM              863667101       63     1149 SH       Sole                     1149
SUBURBAN PROPANE PARTNERS LP   COM              864482104       47     1200 SH       Sole                     1200
SUNCOKE ENERGY INC             COM              86722a103        0       22 SH       Sole                       22
SUNCOR ENERGY INC              COM              867224107        3      100 SH       Sole                      100
SUNTRUST BANKS INC             COM              867914103        1       29 SH       Sole                       29
SYMANTEC CORP                  COM              871503108        9      500 SH       Sole                      500
SYSCO CORPORATION              COM              871829107       41     1295 SH       Sole                     1295
TAIWAN SEMICONDUCTOR - SP ADR  COM              874039100        4      253 SH       Sole                      253
TALISMAN ENERGY INC.           COM              87425e103        8      750 SH       Sole                      750
TANGER FACTORY OUTLET CENTER   COM              875465106       10      300 SH       Sole                      300
TARGET CORPORATION             COM              87612e106       18      305 SH       Sole                      305
TECK RESOURCES LIMITED         COM              878742204        7      200 SH       Sole                      200
TELEFLEX INC                   COM              879369106       18      250 SH       Sole                      250
TERADATA CORP                  COM              88076w103        2       40 SH       Sole                       40
TEVA PHARMACEUTICAL - SP ADR   COM              881624209     6996   187370 SH       Sole                   187370
TEXAS INSTRUMENTS INC.         COM              882508104        1       43 SH       Sole                       43
TEXTRON INC.                   COM              883203101     8544   344647 SH       Sole                   344647
THE EL PASO COMPANY            COM              aci02a3t4        0       57 SH       Sole                       57
THE ST JOE COMPANY             COM              790148100        1       45 SH       Sole                       45
TIBCO SOFTWARE INC             COM              88632q103       86     3935 SH       Sole                     3935
TIM HORTONS INC                COM              88706m103       27      552 SH       Sole                      552
TIME WARNER                    COM              887317303       45      946 SH       Sole                      946
TIME WARNER CABLE              COM              88732j207        4       38 SH       Sole                       38
TITANIUM METALS CORP           COM              888339207        4      250 SH       Sole                      250
TOMPKINS COUNTY TRUST COMPANY  COM              aci02a455        1      275 SH       Sole                      275
TOMPKINS TRUSTCO INC           COM              890110109      856    21587 SH       Sole                    21587
TORONTO-DOMINION BANK          COM              891160509       25      300 SH       Sole                      300
TORVEC INC                     COM              891479107        5     6850 SH       Sole                     6850
TOTAL FINA SA -SPON ADR        COM              89151e109       21      400 SH       Sole                      400
TOYOTA MOTOR CORP - SPON ADR   COM              892331307     8889    95330 SH       Sole                    95330
TRANSCAT INC                   COM              893529107       89    15000 SH       Sole                    15000
TRANSOCEAN LTD                 COM              h8817h100     8226   184196 SH       Sole                   184196
TRAVELERS GROUP INC.           COM              89417e109        5       75 SH       Sole                       75
TSL HOLDINGS INC               COM              872918107        0      300 SH       Sole                      300
U.S. BANCORP                   COM              902973304        2       77 SH       Sole                       77
UGI CORP                       COM              902681105       42     1295 SH       Sole                     1295
UNDER ARMOR INC - CLASS A      COM              904311107        0       10 SH       Sole                       10
UNILEVER PLC-SPONSORED ADR     COM              904767704       43     1101 SH       Sole                     1101
UNION PACIFIC CORP             COM              907818108      137     1091 SH       Sole                     1091
UNISYS CORP                    COM              909214306        3      160 SH       Sole                      160
UNITED PARCEL SERVICE -CL B    COM              911312106     8824   119677 SH       Sole                   119677
UNITED TECHNOLOGIES            COM              913017109      260     3175 SH       Sole                     3175
UNITEDHEALTH GROUP INC         COM              91324p102        5       84 SH       Sole                       84
UNIVERSAL DISPLAY CORP         COM              91347p105       26     1000 SH       Sole                     1000
UNUM GROUP                     COM              91529Y106        2       96 SH       Sole                       96
VALUECLICK INC                 COM              92046n102       52     2690 SH       Sole                     2690
VANGUARD EUROPE PACIFIC ETF    COM              921943858       44     1255 SH       Sole                     1255
VANGUARD FTSE EMERGING MARKET  COM              922042858    12286   275914 SH       Sole                   275914
VANGUARD LARGE-CAP ETF         COM              922908637      111     1700 SH       Sole                     1700
VANGUARD MID-CAP ETF           COM              922908629       32      385 SH       Sole                      385
VANGUARD SMALL-CAP ETF         COM              922908751       30      365 SH       Sole                      365
VERIZON COMMUNICATIONS         COM              92343v104    10564   244132 SH       Sole                   244132
VERTICAL COMPUTER SYSTEMS      COM              92532r203        2   100000 SH       Sole                   100000
VF CORP                        COM              918204108       72      480 SH       Sole                      480
VIACOM INC - CLASS B           COM              92553p201        2       32 SH       Sole                       32
VISA INC - CLASS A SHARES      COM              92826c839        5       30 SH       Sole                       30
VODAPHONE GROUP PLC-SP ADR     COM              92857w209       85     3390 SH       Sole                     3390
WAL-MART                       COM              931142103     5513    80804 SH       Sole                    80804
WALMART DE MEXICO - SPON ADR V COM              93114w107        4      124 SH       Sole                      124
WALT DISNEY COM                COM              254687106      248     4983 SH       Sole                     4983
WASHINGTON REAL ESTATE INV     COM              939653101       23      895 SH       Sole                      895
WASTE MANAGEMENT INC           COM              94106l109       34     1000 SH       Sole                     1000
WATERS CORP                    COM              941848103        9      100 SH       Sole                      100
WELLPOINT INC                  COM              94973v107       10      172 SH       Sole                      172
WELLS FARGO & CO               COM              949746101     9804   286834 SH       Sole                   286834
WEYERHAEUSER CO.               COM              962166104        5      169 SH       Sole                      169
WHOLE FOODS MARKET INC.        COM              966837106       18      192 SH       Sole                      192
WINDSTREAM CORP                COM              97381w104      167    20214 SH       Sole                    20214
WISCONSIN ENERGY CORP          COM              976657106       74     2000 SH       Sole                     2000
WP CAREY INC                   COM              92936U109       25      470 SH       Sole                      470
XCEL ENERGY                    COM              98389b100       72     2711 SH       Sole                     2711
XEROX CORP                     COM              984121103       55     8061 SH       Sole                     8061
XYLEM INC - W/I                COM              98419m100       26      964 SH       Sole                      964
YAHOO INC                      COM              984332106        1       40 SH       Sole                       40
YUM! BRANDS INC.               COM              988498101       20      301 SH       Sole                      301
ZIMMER HOLDINGS INC.           COM              98956p102     9373   140602 SH       Sole                   140602
ZIONS BANCORPORATION           COM              989701107        1       27 SH       Sole                       27
BANCO COMMERCIAL PORTUGUES SA-                  581249901        1    12860 SH       Sole                    12860
CAN APARTMENT PROP REAL ESTA                    134921105       13      500 SH       Sole                      500
CANADIAN ZINC CORP                              136802105        5    13000 SH       Sole                    13000
LEHMAN BROTHERS HOLDINGS INC                    524esc100        0       50 SH       Sole                       50
NESTLE SA - REG                                 712387901       65     1000 SH       Sole                     1000
SIEMENS AG - REG                                000723610       81      750 SH       Sole                      750
TITAN MEDICAL INC                               88830x959        2     2000 SH       Sole                     2000
WINSTON RESOURCES INC                           975662107        0      276 SH       Sole                      276
ALLIANZ OCC GROWTH FUND - A                     018918318       16      509 SH       Sole                      509
ALLIANZ OCC GROWTH FUND - C                     018918334        3      116 SH       Sole                      116
AMERICAN CAP INCM BUILDER - A                   140193103       13      250 SH       Sole                      250
AMERICAN GLOBAL BAL - A                         02629w106        9      349 SH       Sole                      349
AMERICAN GROWTH FD OF AMERICA                   399874106       15      444 SH       Sole                      444
AMERICAN GRW FD OF AMER - B                     399874205        7      220 SH       Sole                      220
AMERICAN GRW FD OF AMER - C                     399874304        8      234 SH       Sole                      234
AMERICAN GRW FD OF AMER - F2                    399874825       14      402 SH       Sole                      402
BLACKROCK EQUITY DIVIDEND - A                   09251m108       71     3581 SH       Sole                     3581
CALAMOS GROWTH FUND - A                         128119302       10      222 SH       Sole                      222
CALAMOS GROWTH FUND - B                         128119740        5      118 SH       Sole                      118
DNP SELECT INCOME FUND INC                      23325p104       14     1500 SH       Sole                     1500
DREYFUS RESEARCH GROWTH FD-A                    26203h201       14     1318 SH       Sole                     1318
DWS NY TAX FREE INCOME-A                        23337h504       64     5672 SH       Sole                     5672
FIDELITY SPARTAN 500 INDX - IV                  315911206       35      696 SH       Sole                      696
FINANCIAL SELECT SECTOR SPDR                    81369y605       16     1000 SH       Sole                     1000
FIRST TRUST 3185 UIT                            30278n515        2      184 SH       Sole                      184
FT UT3370TRGFOCSRSA UIT                         30279e415        3      275 SH       Sole                      275
INTL GROWTH & INCOME FD - A                     45956t105        7      210 SH       Sole                      210
INVESCO DEVELOPING MKTS FD - A                  00141t577        0        0 SH       Sole                        0
INVESCO TECHNOLOGY FUND - A                     00142f642        1       35 SH       Sole                       35
ISHARES GOLD TRUST                              464285105       37     2250 SH       Sole                     2250
ISHARES INT INFL-LINKED BOND                    46429b770        4       70 SH       Sole                       70
ISHARES S^P MIDCAP 400/GROWTH                   464287606        3       26 SH       Sole                       26
ISHARES S^P MIDCAP 400/VALUE                    464287705       16      176 SH       Sole                      176
ISHARES SILVER TRUST                            46428q109       49     1675 SH       Sole                     1675
JOHN HANCOCK INCOME SECS TR                     410123103        0        6 SH       Sole                        6
JPMORGAN ALERIAN MLP INDEX                      46625h365      106     2750 SH       Sole                     2750
LEGG MASON CLEARBR AGG GR - A                   52468c109        0        1 SH       Sole                        1
MERGER FUND                                     589509108       28     1793 SH       Sole                     1793
NATIXIS CGM ADV TARG EQTY - A                   63872r103        0        1 SH       Sole                        1
PIMCO COMMODITY RR STRAT-INS                    722005667      108    16211 SH       Sole                    16211
PIMCO REAL RETURN FUND - B                      693391138        6      517 SH       Sole                      517
PIMCO TOTAL RETURN FUND-A                       693390445      550    48934 SH       Sole                    48934
SPDR DJ INTERNATIONAL REAL E                    78463x863      103     2500 SH       Sole                     2500
THE INVESTMENT CO AMER - F2                     461308827       66     2194 SH       Sole                     2194
US NATURAL GAS FUND LP                          912318201        7      393 SH       Sole                      393
VANGUARD FINANCIALS ETF                         92204a405        7      200 SH       Sole                      200
VANGUARD INDEX 500 FUND                         922908108        2       13 SH       Sole                       13
VANGUARD INDEX SM CAP STK PT                    922908702       49     1266 SH       Sole                     1266
VANGUARD INFLAT PROTECTED - IV                  922031869       51     3529 SH       Sole                     3529
VANGUARD REIT ETF                               922908553      143     2180 SH       Sole                     2180
VANGUARD TOTAL INTL STOCK INDE                  921909602      680    45365 SH       Sole                    45365
VANGUARD TOTAL STK MKT INDX-A                   922908306       45     1262 SH       Sole                     1262
WASHINGTON MUTUAL INVESTORS FU                  939330106       10      318 SH       Sole                      318
WISDOMTREE MGD FUTURES STRAT                    97717w125      111     2750 SH       Sole                     2750
BANK OF AMER CRP                                060505831       25     1000 SH       Sole                     1000
BANK OF AMERICA 8.2%                            060505765       99     3850 SH       Sole                     3850
CITIGROUP CAP IX                                173066200       15      620 SH       Sole                      620
FANNIE MAE SERIES R PREFERRED                   313586760        0      200 SH       Sole                      200
FONAR CORP                                      344437504        0        8 SH       Sole                        8
GE CAPITAL 6.500%                               369622444       74     2700 SH       Sole                     2700
GOLDMAN SACHS GP                                38143y665       20      970 SH       Sole                      970
HSBC HOLDINGS 8.125%                            404280703      348    13700 SH       Sole                    13700
JPMORGAN CHASE PFD 8.625%                       46625h621      130     5000 SH       Sole                     5000
M^T CAPITAL TRUST IV                            55292c203      292    11500 SH       Sole                    11500
US BANCORP 7.875%                               902973882      378    14750 SH       Sole                    14750
WELLS FARGO 7.875%                              94985v202      214     8460 SH       Sole                     8460
XCEL ENERGY INC                                 98389B886      490    19350 SH       Sole                    19350
AMERICAN INTERNATIONAL - CW21                   026874156        0       19 SH       Sole                       19
GENERAL MOTORS - CW16                           37045v118        1       44 SH       Sole                       44
GENERAL MOTORS - CW19                           37045v126        1       44 SH       Sole                       44
KINDER MORGAN INC-CW17                          49456b119        0       57 SH       Sole                       57