FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31,2009
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CNA Financial Corporation
Address: 333 S. Wabash
Chicago,IL 60604
13F File Number: 28-346
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lynne Gugenheim
Title: Senior Vice President and Deputy General Counsel
Phone: (312) 822 4921
Signature, Place, and Date of Signing:
May 15,2009
Chicago, Illinois,60685
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
Assets reported herein are described as having shared
investment discretion among Loews Corporation, CNA
Financial Corporation,The Continental Corporation,
Continental Casualty Company and Continental Assurance
Company. Each of the foregoing entities specifically disclaims
ownership of any securities in this report which are not
beneficially owned by that entity and states that such
assets are solely under the control of its board of directors.
The characterization of shared investment discretion with parent
holding companies is made solely as a consequence of SEC
interpretations regarding control of the subsidiary through
share ownership. Loews Corporation owns approximately 90%
of the outstanding shares of CNA Financial Corporation;
CNA Financial Corporation owns 100% of the outstanding
shares of Continental Casualty Company and The Continental
Corporation; and Continental Casualty Company owns 100%
of the outstanding shares of Continental Assurance Company.
Loews Corporation will report separately on securities over which
it has investment discretion which are not part of this report.
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: 595
Form 13F Information Table Value Total: 852,564 (in thousands)
List of Other Included Managers:
No. 13F File Number Name
1 28-172 The Continental Corporation
2 28-217 Loews Corporation
3 28-386 Continental Assurance Company
4 28-387 Continental Casualty Company
5 28-12384 Swank Energy Income Advisors, LP
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
3M CO COM 88579Y101 4,545 91,410 SH DEFINED 1,2,4 91,410
ABBOTT LABORATORIES COM 002824100 934 19,580 SH DEFINED 1,2,4 19,580
ABERCROMBIE & FITCH CO-CL A CL A 002896207 4 170 SH DEFINED 1,2,4 170
ACE LTD SHS H0023R105 27 660 SH DEFINED 1,2,4 660
ADOBE SYSTEMS INC COM 00724F101 23 1,060 SH DEFINED 1,2,4 1,060
ADVANCED MICRO DEVICES COM 007903107 4 1,200 SH DEFINED 1,2,4 1,200
AES CORP COM 00130H105 8 1,330 SH DEFINED 1,2,4 1,330
AETNA INC COM 00817Y108 24 990 SH DEFINED 1,2,4 990
AFFILIATED COMPUTER SVCS-A CL A 008190100 733 15,315 SH DEFINED 1,2,4 15,315
AFLAC INC COM 001055102 18 950 SH DEFINED 1,2,4 950
AFTERMARKET TECHNOLOGY CORP COM 00211W104 291 25,950 SH DEFINED 1,2,4 25,950
AGILENT TECHNOLOGIES INC COM 00846U101 11 730 SH DEFINED 1,2,4 730
AIR PRODUCTS & CHEMICALS INCCOM 009158106 24 430 SH DEFINED 1,2,4 430
AKAMAI TECHNOLOGIES COM 00971T101 6 330 SH DEFINED 1,2,4 330
ALCATEL-LUCENT-SPONSORED ADRSPONSORE013904305 1,011 543,425 SH DEFINED 1,2,4 543,425
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ALCOA INC COM 013817101 12 1,620 SH DEFINED 1,2,4 1,620
ALCON INC COM SHS H01301102 127 1,400 SH DEFINED 1,2 1,400
ALLEGHENY ENERGY INC COM 017361106 969 41,820 SH DEFINED 1,2,4 41,820
ALLEGHENY TECHNOLOGIES INC COM 01741R102 4 200 SH DEFINED 1,2,4 200
ALLERGAN INC COM 018490102 29 610 SH DEFINED 1,2,4 610
ALLSTATE CORP COM 020002101 1,173 61,245 SH DEFINED 1,2,4 61,245
ALTERA CORPORATION COM 021441100 11 610 SH DEFINED 1,2,4 610
ALTRIA GROUP INC COM 02209S103 67 4,200 SH DEFINED 1,2,4 4,200
AMAZON.COM INC COM 023135106 46 620 SH DEFINED 1,2,4 620
AMBAC FINANCIAL GROUP INC COM 023139108 0 570 SH DEFINED 1,2,4 570
AMEREN CORPORATION COM 023608102 10 420 SH DEFINED 1,2,4 420
AMERICAN CAPITAL LTD COM 02503Y103 1 390 SH DEFINED 1,2,4 390
AMERICAN ELECTRIC POWER COM 025537101 733 29,030 SH DEFINED 1,2,4 29,030
AMERICAN EQUITY INVT LIFE HLCOM 025676206 560 134,725 SH DEFINED 1,2,4 134,725
AMERICAN EXPRESS CO COM 025816109 1,780 130,610 SH DEFINED 1,2,4 130,610
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
AMERICAN INTERNATIONAL GROUPCOM 026874107 5 5,370 SH DEFINED 1,2,4 5,370
AMERICAN NATIONAL INSURANCE COM 028591105 283 5,400 SH DEFINED 1,2,4 5,400
AMERICAN TOWER CORP-CL A CL A 029912201 25 810 SH DEFINED 1,2,4 810
AMERIPRISE FINANCIAL INC COM 03076C106 9 450 SH DEFINED 1,2,4 450
AMERISOURCEBERGEN CORP COM 03073E105 346 10,605 SH DEFINED 1,2,4 10,605
AMGEN INC COM 031162100 107 2,170 SH DEFINED 1,2,4 2,170
ANADARKO PETROLEUM CORP COM 032511107 12,791 328,910 SH DEFINED 1,2,4 328,910
ANALOG DEVICES COM 032654105 11 590 SH DEFINED 1,2,4 590
ANSYS INC COM 03662Q105 121 4,824 SH DEFINED 1,2,4 4,824
AON CORP COM 037389103 25 610 SH DEFINED 1,2,4 610
APACHE CORP COM 037411105 4,909 76,595 SH DEFINED 1,2,4 76,595
APARTMENT INVT & MGMT CO -A CL A 03748R101 1 256 SH DEFINED 1,2,4 256
APOLLO GROUP INC-CL A CL A 037604105 22 280 SH DEFINED 1,2,4 280
APPLE INC COM 037833100 185 1,760 SH DEFINED 1,2,4 1,760
APPLIED MATERIALS INC COM 038222105 486 45,190 SH DEFINED 1,2,4 45,190
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ARCHER-DANIELS-MIDLAND CO COM 039483102 36 1,280 SH DEFINED 1,2,4 1,280
ARGO GROUP INTERNATIONAL COM G0464B107 906 30,075 SH DEFINED 1,2,4 30,075
ARMSTRONG WORLD INDUSTRIES COM 04247X102 218 19,825 SH DEFINED 1,2,4 19,825
ARTHUR J GALLAGHER & CO COM 363576109 173 10,175 SH DEFINED 1,2,4 10,175
ARVINMERITOR INC COM 043353101 35 44,350 SH DEFINED 1,2,4 44,350
ASHLAND INC COM 044209104 1 130 SH DEFINED 1,2,4 130
ASSURANT INC COM 04621X108 4 190 SH DEFINED 1,2,4 190
AT&T INC COM 00206R102 303 12,035 SH DEFINED 1,2,4 12,035
AUTODESK INC COM 052769106 8 460 SH DEFINED 1,2,4 460
AUTOMATIC DATA PROCESSING COM 053015103 37 1,040 SH DEFINED 1,2,4 1,040
AUTONATION INC COM 05329W102 4 260 SH DEFINED 1,2,4 260
AUTOZONE INC COM 053332102 15 90 SH DEFINED 1,2,4 90
AVALONBAY COMMUNITIES INC COM 053484101 8 165 SH DEFINED 1,2,4 165
AVERY DENNISON CORP COM 053611109 5 210 SH DEFINED 1,2,4 210
AVNET INC COM 053807103 1,514 86,475 SH DEFINED 1,2,4 86,475
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
AVON PRODUCTS INC COM 054303102 791 41,125 SH DEFINED 1,2,4 41,125
BAKER HUGHES INC COM 057224107 18 620 SH DEFINED 1,2,4 620
BALL CORP COM 058498106 9 200 SH DEFINED 1,2,4 200
BANCO SANTANDER SA-SPON ADR ADR 05964H105 2 302 SH DEFINED 1,2,4 302
BANK OF AMERICA CORP COM 060505104 606 88,903 SH DEFINED 1,2,4 88,903
BANK OF NEW YORK MELLON CORPCOM 064058100 3,232 114,423 SH DEFINED 1,2,4 114,423
BARRICK GOLD CORP COM 067901108 3,961 122,171 SH DEFINED 1,2,4 122,171
BAXTER INTERNATIONAL INC COM 071813109 577 11,270 SH DEFINED 1,2,4 11,270
BB&T CORP COM 054937107 18 1,090 SH DEFINED 1,2,4 1,090
BECTON DICKINSON AND CO COM 075887109 33 490 SH DEFINED 1,2,4 490
BED BATH & BEYOND INC COM 075896100 13 520 SH DEFINED 1,2,4 520
BEMIS COMPANY COM 081437105 4 200 SH DEFINED 1,2,4 200
BEST BUY CO INC COM 086516101 27 700 SH DEFINED 1,2,4 700
BIG LOTS INC COM 089302103 3 160 SH DEFINED 1,2,4 160
BIOGEN IDEC INC COM 09062X103 31 600 SH DEFINED 1,2,4 600
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
BJ SERVICES CO COM 055482103 760 76,355 SH DEFINED 1,2,4 76,355
BLACK & DECKER CORP COM 091797100 996 31,545 SH DEFINED 1,2,4 31,545
BLACKROCK FLORIDA INSD MUNI COM 09250G102 429 38,900 SH DEFINED 1,2,4 38,900
BLACKROCK MUNIYIELD INSURED COM 09254E103 1,268 116,400 SH DEFINED 1,2,4 116,400
BLACKROCK MUNIYIELD NY INSURCOM 09255E102 549 55,900 SH DEFINED 1,2,4 55,900
BLOUNT INTERNATIONAL INC COM 095180105 246 53,325 SH DEFINED 1,2,4 53,325
BMC SOFTWARE INC COM 055921100 13 380 SH DEFINED 1,2,4 380
BOEING CO COM 097023105 1,623 45,605 SH DEFINED 1,2,4 45,605
BOSTON PROPERTIES INC COM 101121101 8 240 SH DEFINED 1,2,4 240
BOSTON SCIENTIFIC CORP COM 101137107 21 2,669 SH DEFINED 1,2,4 2,669
BRADY CORPORATION - CL A CL A 104674106 328 18,600 SH DEFINED 1,2,4 18,600
BRISTOL-MYERS SQUIBB CO COM 110122108 86 3,940 SH DEFINED 1,2,4 3,940
BROADCOM CORP-CL A CL A 111320107 19 930 SH DEFINED 1,2,4 930
BROWN-FORMAN CORP-CLASS B CL B 115637209 8 212 SH DEFINED 1,2,4 212
BRUNSWICK CORP COM 117043109 1 170 SH DEFINED 1,2,4 170
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
BUCKEYE PARTNERS LP UNIT 118230101 3,388 95,000 SH DEFINED 1,2,4,5 95,000
BURLINGTON NORTHERN SANTA FECOM 12189T104 35 590 SH DEFINED 1,2,4 590
C.H. ROBINSON WORLDWIDE INC COM 12541W209 16 340 SH DEFINED 1,2,4 340
CALPINE CORP COM 131347304 1,823 267,750 SH DEFINED 1,2,4 267,750
CAMERON INTERNATIONAL CORP COM 13342B105 10 440 SH DEFINED 1,2,4 440
CAMPBELL SOUP CO COM 134429109 12 440 SH DEFINED 1,2,4 440
CAPITAL ONE FINANCIAL CORP COM 14040H105 625 51,101 SH DEFINED 1,2,4 51,101
CARDINAL HEALTH INC. COM 14149Y108 931 29,585 SH DEFINED 1,2,4 29,585
CARNIVAL CORP PAIRED C143658300 19 870 SH DEFINED 1,2,4 870
CARTER'S INC COM 146229109 381 20,250 SH DEFINED 1,2,4 20,250
CATERPILLAR INC COM 149123101 959 34,310 SH DEFINED 1,2,4 34,310
CB RICHARD ELLIS GROUP INC-ACL A 12497T101 1 340 SH DEFINED 1,2,4 340
CBS CORP-CLASS B NON VOTING CL B 124857202 5 1,350 SH DEFINED 1,2,4 1,350
CELGENE CORP COM 151020104 39 870 SH DEFINED 1,2,4 870
CENTERPOINT ENERGY INC COM 15189T107 7 650 SH DEFINED 1,2,4 650
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CENTEX CORP COM 152312104 2 240 SH DEFINED 1,2,4 240
CENTURYTEL INC COM 156700106 6 210 SH DEFINED 1,2,4 210
CHARLES RIVER LABORATORIES COM 159864107 376 13,825 SH DEFINED 1,2,4 13,825
CHEMICAL FINANCIAL CORP COM 163731102 581 27,925 SH DEFINED 1,2,4 27,925
CHESAPEAKE ENERGY CORP COM 165167107 16 960 SH DEFINED 1,2,4 960
CHEVRON CORP COM 166764100 278 4,140 SH DEFINED 1,2,4 4,140
CHUBB CORP COM 171232101 31 740 SH DEFINED 1,2,4 740
CIBER INC COM 17163B102 476 174,300 SH DEFINED 1,2,4 174,300
CIENA CORP COM 171779309 1 170 SH DEFINED 1,2,4 170
CIGNA CORP COM 125509109 10 560 SH DEFINED 1,2,4 560
CINCINNATI FINANCIAL CORP COM 172062101 8 330 SH DEFINED 1,2,4 330
CINTAS CORP COM 172908105 6 260 SH DEFINED 1,2,4 260
CISCO SYSTEMS INC COM 17275R102 904 53,880 SH DEFINED 1,2,4 53,880
CIT GROUP INC COM 125581108 1 290 SH DEFINED 1,2,4 290
CITIGROUP INC COM 172967101 920 363,805 SH DEFINED 1,2,4 363,805
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
CITRIX SYSTEMS INC COM 177376100 8 370 SH DEFINED 1,2,4 370
CLIFFS NATURAL RESOURCES INCCOM 18683K101 544 29,980 SH DEFINED 1,2,4 29,980
CLOROX COMPANY COM 189054109 14 280 SH DEFINED 1,2,4 280
CME GROUP INC COM 12572Q105 27 110 SH DEFINED 1,2,4 110
CMS ENERGY CORP COM 125896100 5 440 SH DEFINED 1,2,4 440
CNA SURETY CORPORATION COM 12612L108 505,720 27,425,147 SH DEFINED 1,2,4 27,425,147
COACH INC COM 189754104 12 700 SH DEFINED 1,2,4 700
COCA-COLA CO/THE COM 191216100 540 12,290 SH DEFINED 1,2,4 12,290
COCA-COLA ENTERPRISES COM 191219104 8 570 SH DEFINED 1,2,4 570
COGNIZANT TECH SOLUTIONS-A CL A 192446102 12 580 SH DEFINED 1,2,4 580
COLGATE-PALMOLIVE CO COM 194162103 60 1,020 SH DEFINED 1,2,4 1,020
COMCAST CORP CL A SPL CL A 20030N200 1,108 86,070 SH DEFINED 1,2,4 86,070
COMCAST CORP-CL A CLA 20030N101 1,309 95,990 SH DEFINED 1,2,4 95,990
COMERICA INC COM 200340107 466 25,450 SH DEFINED 1,2,4 25,450
COMPUTER ASSOCIATES INTL INCCOM 12673P105 1,504 85,432 SH DEFINED 1,2,4 85,432
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
COMPUTER SCIENCES CORP COM 205363104 11 300 SH DEFINED 1,2,4 300
COMPUWARE CORP COM 205638109 4 540 SH DEFINED 1,2,4 540
CONAGRA FOODS INC COM 205887102 16 970 SH DEFINED 1,2,4 970
CONOCOPHILLIPS COM 20825C104 122 3,120 SH DEFINED 1,2,4 3,120
CONSECO INC COM 208464883 55 59,250 SH DEFINED 1,2,4 59,250
CONSOL ENERGY INC COM 20854P109 9 370 SH DEFINED 1,2,4 370
CONSOLIDATED EDISON INC COM 209115104 21 540 SH DEFINED 1,2,4 540
CONSTELLATION BRANDS INC-A CL A 21036P108 5 380 SH DEFINED 1,2,4 380
CONSTELLATION ENERGY GROUP COM 210371100 7 360 SH DEFINED 1,2,4 360
CONSTELLATION ENERGY PARTNERCOM 21038E101 364 231,960 SH DEFINED 1,2,4 231,960
CONVERGYS CORP COM 212485106 2 250 SH DEFINED 1,2,4 250
CON-WAY INC COM 205944101 115 6,400 SH DEFINED 1,2,4 6,400
COOPER INDUSTRIES LTD-CL A CL A G24182100 9 350 SH DEFINED 1,2,4 350
CORNING INC COM 219350105 506 38,140 SH DEFINED 1,2,4 38,140
COSTCO WHOLESALE CORP COM 22160K105 40 870 SH DEFINED 1,2,4 870
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
COVENTRY HEALTH CARE INC COM 222862104 4 310 SH DEFINED 1,2,4 310
COVIDIEN LTD COM G2552X108 33 992 SH DEFINED 1,2,4 992
CR BARD INC COM 067383109 16 200 SH DEFINED 1,2,4 200
CSX CORP COM 126408103 952 36,810 SH DEFINED 1,2,4 36,810
CUMMINS INC COM 231021106 10 410 SH DEFINED 1,2,4 410
CVS CAREMARK CORP COM 126650100 766 27,858 SH DEFINED 1,2,4 27,858
DANAHER CORP COM 235851102 28 510 SH DEFINED 1,2,4 510
DARDEN RESTAURANTS INC COM 237194105 10 290 SH DEFINED 1,2,4 290
DEAN FOODS CO COM 242370104 5 300 SH DEFINED 1,2,4 300
DEERE & CO COM 244199105 4,795 145,870 SH DEFINED 1,2,4 145,870
DEL MONTE FOODS CO COM 24522P103 455 62,375 SH DEFINED 1,2,4 62,375
DELL INC COM 24702R101 1,096 115,645 SH DEFINED 1,2,4 115,645
DELPHI FINANCIAL GROUP-CL A CLA 247131105 465 34,538 SH DEFINED 1,2,4 34,538
DELTA AIR LINES INC COM 247361702 1,053 187,087 SH DEFINED 1,2,4 187,087
DEVELOPERS DIVERSIFIED RLTY COM 251591103 1 240 SH DEFINED 1,2,4 240
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
DEVON ENERGY CORPORATION COM 25179M103 1,604 35,890 SH DEFINED 1,2,4 35,890
DIAGEO PLC-SPONSORED ADR ADR 25243Q205 1,141 25,500 SH DEFINED 1,2,4 25,500
DILLARDS INC-CL A CL A 254067101 1 110 SH DEFINED 1,2,4 110
DIRECTV GROUP INC/THE COM 25459L106 32 1,420 SH DEFINED 1,2,4 1,420
DISCOVER FINANCIAL SERVICES COM 254709108 6 950 SH DEFINED 1,2,4 950
DOMINION RESOURCES INC/VA COM 25746U109 32 1,020 SH DEFINED 1,2,4 1,020
DOVER CORP COM 260003108 10 380 SH DEFINED 1,2,4 380
DOW CHEMICAL COM 260543103 16 1,870 SH DEFINED 1,2,4 1,870
DR HORTON INC COM 23331A109 5 540 SH DEFINED 1,2,4 540
DRESS BARN INC COM 261570105 295 24,001 SH DEFINED 1,2,4 24,001
DTE ENERGY COMPANY COM 233331107 7 260 SH DEFINED 1,2,4 260
DU PONT (E.I.) DE NEMOURS COM 263534109 40 1,790 SH DEFINED 1,2,4 1,790
DUKE ENERGY CORP COM 26441C105 36 2,518 SH DEFINED 1,2,4 2,518
DYNEGY INC-CL A CL A 26817G102 1,670 1,184,160 SH DEFINED 1,2,4 1,184,160
E*TRADE FINANCIAL CORP COM 269246104 1 920 SH DEFINED 1,2,4 920
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
EASTMAN CHEMICAL COMPANY COM 277432100 4 160 SH DEFINED 1,2,4 160
EASTMAN KODAK CO COM 277461109 2 570 SH DEFINED 1,2,4 570
EATON CORP COM 278058102 12 330 SH DEFINED 1,2,4 330
EBAY INC COM 278642103 28 2,220 SH DEFINED 1,2,4 2,220
ECOLAB INC COM 278865100 12 350 SH DEFINED 1,2,4 350
EDISON INTERNATIONAL COM 281020107 19 650 SH DEFINED 1,2,4 650
EL PASO CORP COM 28336L109 9 1,390 SH DEFINED 1,2,4 1,390
EL PASO PIPELINE PARTNERS LPCOM 283702108 7,482 435,000 SH DEFINED 1,2,4,5 435,000
ELECTRONIC ARTS INC COM 285512109 11 630 SH DEFINED 1,2,4 630
ELI LILLY & CO COM 532457108 66 1,970 SH DEFINED 1,2,4 1,970
EMBARQ CORP COM 29078E105 12 306 SH DEFINED 1,2,4 306
EMC CORP/MASS COM 268648102 48 4,180 SH DEFINED 1,2,4 4,180
EMERSON ELECTRIC CO COM 291011104 45 1,570 SH DEFINED 1,2,4 1,570
ENBRIDGE ENERGY PARTNERS LP COM 29250R106 5,422 181,148 SH DEFINED 1,2,4,5 181,148
ENCANA CORP COM 292505104 4,061 100,000 SH DEFINED 1,2,4 100,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
ENERGY TRANSFER EQUITY LP LTD PART29273V100 5,088 240,812 SH DEFINED 1,2,4,5 240,812
ENSCO INTERNATIONAL INC COM 26874Q100 2,265 85,790 SH DEFINED 1,2,4 85,790
ENTERGY CORP COM 29364G103 26 380 SH DEFINED 1,2,4 380
ENTERPRISE PRODUCTS PARTNERSCOM 293792107 2,781 125,000 SH DEFINED 1,2,4,5 125,000
EOG RESOURCES INC COM 26875P101 27 500 SH DEFINED 1,2,4 500
EQUIFAX INC COM 294429105 6 260 SH DEFINED 1,2,4 260
EQUITY RESIDENTIAL INT 29476L107 10 540 SH DEFINED 1,2,4 540
ESTEE LAUDER COMPANIES-CL A CL A 518439104 6 230 SH DEFINED 1,2,4 230
EVERCORE PARTNERS INC-CL A CL A 29977A105 68 4,375 SH DEFINED 1,2,4 4,375
EW SCRIPPS CO-CL A CL A 811054402 0 59 SH DEFINED 1,2,4 59
EXELON CORP COM 30161N101 1,449 31,920 SH DEFINED 1,2,4 31,920
EXPEDIA INC COM 30212P105 4 410 SH DEFINED 1,2,4 410
EXPEDITORS INTL WASH INC COM 302130109 12 430 SH DEFINED 1,2,4 430
EXPRESS SCRIPTS INC COM 302182100 24 510 SH DEFINED 1,2,4 510
EXXON MOBIL CORP COM 30231G102 1,816 26,670 SH DEFINED 1,2,4 26,670
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
FAMILY DOLLAR STORES COM 307000109 9 280 SH DEFINED 1,2,4 280
FANNIE MAE COM 313586109 1 2,110 SH DEFINED 1,2,4 2,110
FBL FINANCIAL GROUP INC-CL ACL A 30239F106 99 23,900 SH DEFINED 1,2,4 23,900
FEDERATED INVESTORS INC-CL BCL B 314211103 4 170 SH DEFINED 1,2,4 170
FEDEX CORP COM 31428X106 28 620 SH DEFINED 1,2,4 620
FIDELITY NATIONAL INFORMATIOCOM 31620M106 6 340 SH DEFINED 1,2,4 340
FIFTH THIRD BANCORP COM 316773100 3 1,060 SH DEFINED 1,2,4 1,060
FIRST HORIZON NATIONAL CORP COM 320517105 4 387 SH DEFINED 1,2,4 387
FIRSTENERGY CORP COM 337932107 24 610 SH DEFINED 1,2,4 610
FISERV INC COM 337738108 12 330 SH DEFINED 1,2,4 330
FLUOR CORP COM 343412102 12 360 SH DEFINED 1,2,4 360
FORD MOTOR CO COM 345370860 11 4,327 SH DEFINED 1,2,4 4,327
FOREST LABORATORIES INC COM 345838106 14 620 SH DEFINED 1,2,4 620
FORTUNE BRANDS INC COM 349631101 8 310 SH DEFINED 1,2,4 310
FPL GROUP INC COM 302571104 41 810 SH DEFINED 1,2,4 810
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
FRANKLIN RESOURCES INC COM 354613101 17 320 SH DEFINED 1,2,4 320
FREDDIE MAC COM 313400301 1 1,290 SH DEFINED 1,2,4 1,290
FREEPORT-MCMORAN COPPER CL B 35671D857 29 771 SH DEFINED 1,2,4 771
FRONTIER COMMUNICATIONS CORPCOM 35906A108 5 650 SH DEFINED 1,2,4 650
GAMESTOP CORP-CLASS A CL A 36467W109 9 320 SH DEFINED 1,2,4 320
GANNETT CO COM 364730101 1 460 SH DEFINED 1,2,4 460
GAP INC/THE COM 364760108 12 900 SH DEFINED 1,2,4 900
GENERAL DYNAMICS CORP COM 369550108 33 800 SH DEFINED 1,2,4 800
GENERAL ELECTRIC CO COM 369604103 990 97,940 SH DEFINED 1,2,4 97,940
GENERAL GROWTH PROPERTIES COM 370021107 0 530 SH DEFINED 1,2,4 530
GENERAL MILLS INC COM 370334104 33 670 SH DEFINED 1,2,4 670
GENERAL MOTORS CORP COM 370442105 2 1,120 SH DEFINED 1,2,4 1,120
GENESIS ENERGY L.P. COM 371927104 1,919 187,600 SH DEFINED 1,2,4,5 187,600
GENUINE PARTS CO COM 372460105 10 330 SH DEFINED 1,2,4 330
GENWORTH FINANCIAL INC-CL A CL A 37247D106 2 860 SH DEFINED 1,2,4 860
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
GENZYME CORP COM 372917104 32 540 SH DEFINED 1,2,4 540
GILEAD SCIENCES INC COM 375558103 1,082 23,350 SH DEFINED 1,2,4 23,350
GOLDMAN SACHS GROUP INC COM 38141G104 84 790 SH DEFINED 1,2,4 790
GOODRICH CORP COM 382388106 9 250 SH DEFINED 1,2,4 250
GOODYEAR TIRE & RUBBER CO COM 382550101 3 480 SH DEFINED 1,2,4 480
GOOGLE INC-CL A CL A 38259P508 2,969 8,530 SH DEFINED 1,2,4 8,530
GRAY TELEVISION INC COM 389375106 18 55,500 SH DEFINED 1,2,4 55,500
GRIFFON CORPORATION COM 398433102 830 110,719 SH DEFINED 1,2,4 110,719
H&R BLOCK INC COM 093671105 12 650 SH DEFINED 1,2,4 650
HALLIBURTON CO COM 406216101 491 31,760 SH DEFINED 1,2,4 31,760
HARLEY-DAVIDSON INC COM 412822108 6 480 SH DEFINED 1,2,4 480
HARMAN INTERNATIONAL COM 413086109 99 7,320 SH DEFINED 1,2,4 7,320
HARTE-HANKS INC COM 416196103 486 90,800 SH DEFINED 1,2,4 90,800
HARTFORD FINANCIAL SVCS GRP COM 416515104 5 630 SH DEFINED 1,2,4 630
HASBRO INC COM 418056107 7 280 SH DEFINED 1,2,4 280
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
HCP INC COM 40414L109 8 470 SH DEFINED 1,2,4 470
HERSHEY CO/THE COM 427866108 12 340 SH DEFINED 1,2,4 340
HESS CORP LTD PART42809H107 1,111 20,490 SH DEFINED 1,2,4 20,490
HEWLETT-PACKARD CO COM 428236103 6,409 199,920 SH DEFINED 1,2,4 199,920
HILAND HOLDINGS GP LP INT 43129M107 376 160,656 SH DEFINED 1,2,4,5 160,656
HJ HEINZ CO COM 423074103 21 630 SH DEFINED 1,2,4 630
HOME DEPOT INC COM 437076102 1,108 47,010 SH DEFINED 1,2,4 47,010
HONEYWELL INTERNATIONAL INC COM 438516106 42 1,490 SH DEFINED 1,2,4 1,490
HORIZON LINES INC-CL COM 44044K101 82 27,007 SH DEFINED 1,2,4 27,007
HORMEL FOODS CORP COM 440452100 63 2,000 SH DEFINED 1,2 2,000
HOSPIRA INC COM 441060100 10 320 SH DEFINED 1,2,4 320
HOST HOTELS & RESORTS INC COM 44107P104 4 1,040 SH DEFINED 1,2,4 1,040
HSN INC COM 404303109 0 72 SH DEFINED 1,2,4 72
HUDSON CITY BANCORP INC COM 443683107 12 1,030 SH DEFINED 1,2,4 1,030
HUMANA INC COM 444859102 9 340 SH DEFINED 1,2,4 340
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
HUNTINGTON BANCSHARES INC COM 446150104 1 730 SH DEFINED 1,2,4 730
IAC/INTERACTIVECORP COM 44919P508 3 180 SH DEFINED 1,2,4 180
ILLINOIS TOOL WORKS COM 452308109 25 800 SH DEFINED 1,2,4 800
IMS HEALTH INC COM 449934108 1,035 82,960 SH DEFINED 1,2,4 82,960
INERGY LP LTD PTNR456615103 767 35,000 SH DEFINED 1,2,4,5 35,000
INGERSOLL-RAND CO LTD-CL A CL A G4776G101 1,557 112,798 SH DEFINED 1,2,4 112,798
INTEGRYS ENERGY GROUP INC COM 45822P105 4 159 SH DEFINED 1,2,4 159
INTEL CORP COM 458140100 173 11,540 SH DEFINED 1,2,4 11,540
INTERCONTINENTALEXCHANGE INCCOM 45865V100 10 140 SH DEFINED 1,2,4 140
INTERNATIONAL PAPER CO COM 460146103 6 850 SH DEFINED 1,2,4 850
INTERPUBLIC GROUP OF COS INCCOM 460690100 4 934 SH DEFINED 1,2,4 934
INTERVAL LEISURE GROUP COM 46113M108 0 72 SH DEFINED 1,2,4 72
INTL BUSINESS MACHINES CORP COM 459200101 12,390 127,880 SH DEFINED 1,2,4 127,880
INTL FLAVORS & FRAGRANCES COM 459506101 5 160 SH DEFINED 1,2,4 160
INTL GAME TECHNOLOGY COM 459902102 6 620 SH DEFINED 1,2,4 620
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
INTUIT INC COM 461202103 18 650 SH DEFINED 1,2,4 650
INTUITIVE SURGICAL INC COM 46120E602 8 80 SH DEFINED 1,2,4 80
IPC HOLDINGS LTD ORD G4933P101 762 28,175 SH DEFINED 1,2,4 28,175
ITT CORP COM 450911102 14 360 SH DEFINED 1,2,4 360
J.C. PENNEY CO INC COM 708160106 1,652 82,290 SH DEFINED 1,2,4 82,290
JABIL CIRCUIT INC COM 466313103 2 410 SH DEFINED 1,2,4 410
JACOBS ENGINEERING GROUP INCCOM 469814107 10 250 SH DEFINED 1,2,4 250
JANUS CAPITAL GROUP INC COM 47102X105 2 290 SH DEFINED 1,2,4 290
JDS UNIPHASE CORP COM 46612J507 1 441 SH DEFINED 1,2,4 441
JOHNSON & JOHNSON COM 478160104 7,471 142,035 SH DEFINED 1,2,4 142,035
JOHNSON CONTROLS INC COM 478366107 14 1,180 SH DEFINED 1,2,4 1,180
JONES APPAREL GROUP INC COM 480074103 225 53,345 SH DEFINED 1,2,4 53,345
JPMORGAN CHASE & CO COM 46625H100 1,590 59,820 SH DEFINED 1,2,4 59,820
JUNIPER NETWORKS INC COM 48203R104 16 1,040 SH DEFINED 1,2,4 1,040
KB HOME COM 48666K109 2 150 SH DEFINED 1,2,4 150
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
KELLOGG CO COM 487836108 19 520 SH DEFINED 1,2,4 520
KELLY SERVICES INC -CL A CL A 488152208 422 52,471 SH DEFINED 1,2,4 52,471
KEYCORP COM 493267108 6 790 SH DEFINED 1,2,4 790
KIMBERLY-CLARK CORP COM 494368103 39 840 SH DEFINED 1,2,4 840
KIMCO REALTY CORP COM 49446R109 4 500 SH DEFINED 1,2,4 500
KINDER MORGAN ENERGY PRTNRS LTD PART494550106 1,869 40,000 SH DEFINED 1,2,4,5 40,000
KINDER MORGAN MANAGEMENT LLCSHS 49455U100 11,836 290,376 SH DEFINED 1,2,4,5 290,376
KING PHARMACEUTICALS INC COM 495582108 3 490 SH DEFINED 1,2,4 490
KLA-TENCOR CORPORATION COM 482480100 7 340 SH DEFINED 1,2,4 340
KOHLS CORP COM 500255104 27 630 SH DEFINED 1,2,4 630
KRAFT FOODS INC-CLASS A CL A 50075N104 402 18,056 SH DEFINED 1,2,4 18,056
KROGER CO COM 501044101 28 1,340 SH DEFINED 1,2,4 1,340
L-3 COMMUNICATIONS HOLDINGS COM 502424104 1,483 21,875 SH DEFINED 1,2,4 21,875
LABORATORY CRP OF AMER HLDGSCOM 50540R409 13 220 SH DEFINED 1,2,4 220
LEAR SEATING CORP COM 521865105 93 124,300 SH DEFINED 1,2,4 124,300
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
LEGG MASON INC COM 524901105 4 270 SH DEFINED 1,2,4 270
LEGGETT & PLATT INC COM 524660107 4 330 SH DEFINED 1,2,4 330
LENDER PROCESSING SERVICES COM 52602E102 5 170 SH DEFINED 1,2,4 170
LENNAR CORP-CL A CL A 526057104 2 270 SH DEFINED 1,2,4 270
LEUCADIA NATIONAL CORP COM 527288104 5 340 SH DEFINED 1,2,4 340
LEXMARK INTERNATIONAL INC-A CL A 529771107 3 190 SH DEFINED 1,2,4 190
LIFE TECHNOLOGIES CORP COM 53217V109 5 146 SH DEFINED 1,2,4 146
LIMITED BRANDS INC COM 532716107 5 620 SH DEFINED 1,2,4 620
LINCOLN NATIONAL CORP COM 534187109 4 529 SH DEFINED 1,2,4 529
LINEAR TECHNOLOGY CORP COM 535678106 10 440 SH DEFINED 1,2,4 440
LIZ CLAIBORNE INC COM 539320101 0 190 SH DEFINED 1,2,4 190
LOCKHEED MARTIN CORP COM 539830109 48 690 SH DEFINED 1,2,4 690
LOWES COS INC COM 548661107 53 2,910 SH DEFINED 1,2,4 2,910
LSI CORP COM 502161102 4 1,310 SH DEFINED 1,2,4 1,310
M & T BANK CORP COM 55261F104 7 160 SH DEFINED 1,2,4 160
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
MACYS INC COM 55616P104 8 858 SH DEFINED 1,2,4 858
MAGELLAN MIDSTREAM HOLDINGS COM 55907R108 6,706 383,200 SH DEFINED 1,2,4,5 383,200
MAGELLAN MIDSTREAM PARTNERS UNIT LP 559080106 1,469 50,000 SH DEFINED 1,2,4,5 50,000
MAGNA INTERNATIONAL INC-CL ACL A 559222401 1,065 39,800 SH DEFINED 1,2,4 39,800
MANITOWOC COMPANY INC COM 563571108 1 260 SH DEFINED 1,2,4 260
MARATHON OIL CORP COM 565849106 37 1,416 SH DEFINED 1,2,4 1,416
MARKWEST ENERGY PARTNERS LP LTD PART570759100 2,318 200,000 SH DEFINED 1,2,4,5 200,000
MARRIOTT INTERNATIONAL-CL A CLA 571903202 533 32,600 SH DEFINED 1,2,4 32,600
MARSH & MCLENNAN COS COM 571748102 21 1,040 SH DEFINED 1,2,4 1,040
MARSHALL & ILSLEY CORP COM 571837103 3 520 SH DEFINED 1,2,4 520
MASCO CORP COM 574599106 5 720 SH DEFINED 1,2,4 720
MASTERCARD INC-CLASS A CL A 57636Q104 1,675 10,000 SH DEFINED 1,2 10,000
MATTEL INC COM 577081102 966 83,770 SH DEFINED 1,2,4 83,770
MBIA INC COM 55262C100 2 410 SH DEFINED 1,2,4 410
MCCORMICK & CO-NON VTG SHRS COM 579780206 8 260 SH DEFINED 1,2,4 260
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
MCDONALDS CORP COM 580135101 126 2,300 SH DEFINED 1,2,4 2,300
MCGRAW-HILL COMPANIES INC COM 580645109 15 640 SH DEFINED 1,2,4 640
MCKESSON CORP COM 58155Q103 20 580 SH DEFINED 1,2,4 580
MEADWESTVACO CORP COM 583334107 4 350 SH DEFINED 1,2,4 350
MEDCO HEALTH SOLUTIONS INC COM 58405U102 43 1,042 SH DEFINED 1,2,4 1,042
MEDIACOM COMMUNICATIONS CORPCL A 58446K105 1,008 250,000 SH DEFINED 1,2,4 250,000
MEDTRONIC INC COM 585055106 125 4,240 SH DEFINED 1,2,4 4,240
MEMC ELECTRONIC MATERIALS COM 552715104 8 460 SH DEFINED 1,2,4 460
MERCK & CO. INC. COM 589331107 116 4,320 SH DEFINED 1,2,4 4,320
MEREDITH CORP COM 589433101 1 80 SH DEFINED 1,2,4 80
METLIFE INC COM 59156R108 32 1,420 SH DEFINED 1,2,4 1,420
MGIC INVESTMENT CORP COM 552848103 0 240 SH DEFINED 1,2,4 240
MI DEVELOPMENTS INC-CLASS A CL A 55304X104 284 46,300 SH DEFINED 1,2,4 46,300
MICROCHIP TECHNOLOGY INC COM 595017104 8 380 SH DEFINED 1,2,4 380
MICRON TECHNOLOGY INC COM 595112103 6 1,510 SH DEFINED 1,2,4 1,510
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
MICROSOFT CORP COM 594918104 3,009 163,790 SH DEFINED 1,2,4 163,790
MILLIPORE CORP COM 601073109 6 110 SH DEFINED 1,2,4 110
MOLEX INC COM 608554101 4 280 SH DEFINED 1,2,4 280
MOLSON COORS BREWING CO -B CL B 60871R209 575 16,780 SH DEFINED 1,2,4 16,780
MONSANTO CO COM 61166W101 91 1,092 SH DEFINED 1,2,4 1,092
MONSTER WORLDWIDE INC COM 611742107 2 250 SH DEFINED 1,2,4 250
MOODYS CORP COM 615369105 9 410 SH DEFINED 1,2,4 410
MORGAN STANLEY COM 617446448 669 29,375 SH DEFINED 1,2,4 29,375
MORGAN STANLEY QUAL MUNI SECSECS 61745P585 313 28,600 SH DEFINED 1,2,4 28,600
MOTOROLA INC COM 620076109 1,220 288,490 SH DEFINED 1,2,4 288,490
MURPHY OIL CORP COM 626717102 17 380 SH DEFINED 1,2,4 380
MYLAN INC COM 628530107 8 600 SH DEFINED 1,2,4 600
NABORS INDUSTRIES LTD SHS G6359F103 6 560 SH DEFINED 1,2,4 560
NARA BANCORP INC COM 63080P105 229 78,000 SH DEFINED 1,2,4 78,000
NATIONAL OILWELL VARCO INC COM 637071101 24 830 SH DEFINED 1,2,4 830
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
NATIONAL SEMICONDUCTOR CORP COM 637640103 5 450 SH DEFINED 1,2,4 450
NCI BUILDING SYSTEMS INC COM 628852105 27 12,250 SH DEFINED 1,2,4 12,250
NETAPP INC COM 64110D104 10 680 SH DEFINED 1,2,4 680
NEW YORK TIMES CO -CL A CL A 650111107 1 200 SH DEFINED 1,2,4 200
NEWELL RUBBERMAID INC COM 651229106 4 550 SH DEFINED 1,2,4 550
NEWMONT MINING CORP COM 651639106 41 910 SH DEFINED 1,2,4 910
NEWS CORP-CL A CL A 65248E104 30 4,580 SH DEFINED 1,2,4 4,580
NICOR INC COM 654086107 3 90 SH DEFINED 1,2,4 90
NIKE INC -CL B CL B 654106103 36 770 SH DEFINED 1,2,4 770
NISOURCE INC COM 65473P105 5 540 SH DEFINED 1,2,4 540
NOBLE ENERGY INC COM 655044105 19 350 SH DEFINED 1,2,4 350
NORDSTROM INC COM 655664100 387 23,110 SH DEFINED 1,2,4 23,110
NORFOLK SOUTHERN CORP COM 655844108 25 750 SH DEFINED 1,2,4 750
NORTHERN TRUST CORP COM 665859104 2,181 36,460 SH DEFINED 1,2,4 36,460
NORTHROP GRUMMAN CORP COM 666807102 1,769 40,528 SH DEFINED 1,2,4 40,528
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
NOVELL INC COM 670006105 3 700 SH DEFINED 1,2,4 700
NOVELLUS SYSTEMS INC COM 670008101 3 200 SH DEFINED 1,2,4 200
NUCOR CORP COM 670346105 24 630 SH DEFINED 1,2,4 630
NVIDIA CORP COM 67066G104 11 1,110 SH DEFINED 1,2,4 1,110
NYSE EURONEXT COM 629491101 9 530 SH DEFINED 1,2,4 530
OCCIDENTAL PETROLEUM CORP COM 674599105 5,100 91,640 SH DEFINED 1,2,4 91,640
OFFICE DEPOT INC COM 676220106 1 540 SH DEFINED 1,2,4 540
OFFICEMAX INC COM 67622P101 0 150 SH DEFINED 1,2,4 150
OMNICOM GROUP COM 681919106 1,012 43,240 SH DEFINED 1,2,4 43,240
ONEOK PARTNERS LP UNIT LP 68268N103 3,659 90,000 SH DEFINED 1,2,4,5 90,000
ORACLE CORP COM 68389X105 4,660 257,880 SH DEFINED 1,2,4 257,880
P G & E CORP COM 69331C108 27 710 SH DEFINED 1,2,4 710
PACCAR INC COM 693718108 19 730 SH DEFINED 1,2,4 730
PACTIV CORPORATION COM 695257105 4 260 SH DEFINED 1,2,4 260
PALL CORP COM 696429307 5 250 SH DEFINED 1,2,4 250
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PARKER HANNIFIN CORP COM 701094104 11 335 SH DEFINED 1,2,4 335
PATTERSON COS INC COM 703395103 5 260 SH DEFINED 1,2,4 260
PAYCHEX INC COM 704326107 17 650 SH DEFINED 1,2,4 650
PEABODY ENERGY CORP COM 704549104 14 540 SH DEFINED 1,2,4 540
PEDIATRIX MEDICAL GROUP INC COM 58502B106 229 7,775 SH DEFINED 1,2,4 7,775
PEPCO HOLDINGS INC COM 713291102 5 400 SH DEFINED 1,2,4 400
PEPSI BOTTLING GROUP INC COM 713409100 6 270 SH DEFINED 1,2,4 270
PEPSICO INC COM 713448108 1,344 26,100 SH DEFINED 1,2,4 26,100
PERKINELMER INC COM 714046109 3 230 SH DEFINED 1,2,4 230
PETROLEO BRASILEIRO S.A.-ADRADR 71654V101 1,593 65,000 SH DEFINED 1,2,4 65,000
PFIZER INC COM 717081103 183 13,470 SH DEFINED 1,2,4 13,470
PHARMACEUTICAL HOLDRS TRUST DEPOSITR71712A206 705 12,500 SH DEFINED 1,2 12,500
PHH CORP COM 693320202 802 57,050 SH DEFINED 1,2,4 57,050
PHILIP MORRIS INTERNATIONAL COM 718172109 683 19,200 SH DEFINED 1,2,4 19,200
PIKE ELECTRIC CORP COM 721283109 434 46,925 SH DEFINED 1,2,4 46,925
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PINNACLE WEST CAPITAL COM 723484101 5 200 SH DEFINED 1,2,4 200
PITNEY BOWES INC COM 724479100 10 420 SH DEFINED 1,2,4 420
PLAIMS ALL AMER PIPELINE LP UNIT LP 726503105 5,282 143,700 SH DEFINED 1,2,4,5 143,700
PLANTRONICS INC COM 727493108 471 39,000 SH DEFINED 1,2,4 39,000
PLUM CREEK TIMBER CO COM 729251108 10 340 SH DEFINED 1,2,4 340
PNC FINANCIAL SERVICES GROUPCOM 693475105 682 23,283 SH DEFINED 1,2,4 23,283
POLO RALPH LAUREN CORP CL A 731572103 5 120 SH DEFINED 1,2,4 120
POPULAR INC COM 733174106 510 236,250 SH DEFINED 1,2,4 236,250
POTASH CORP OF SASKATCHEWAN COM 73755L107 178 2,206 SH DEFINED 1,2,4 2,206
PPG INDUSTRIES INC COM 693506107 12 330 SH DEFINED 1,2,4 330
PPL CORPORATION COM 69351T106 22 750 SH DEFINED 1,2,4 750
PRAXAIR INC COM 74005P104 1,388 20,630 SH DEFINED 1,2,4 20,630
PRECISION CASTPARTS CORP COM 740189105 17 280 SH DEFINED 1,2,4 280
PRIDE INTERNATIONAL INC COM 74153Q102 1,618 90,000 SH DEFINED 1,2,4 90,000
PRINCIPAL FINANCIAL GROUP COM 74251V102 4 520 SH DEFINED 1,2,4 520
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
PROCTER & GAMBLE CO/THE COM 742718109 948 20,140 SH DEFINED 1,2,4 20,140
PROGRESS ENERGY INC COM 743263105 19 520 SH DEFINED 1,2,4 520
PROGRESSIVE CORP COM 743315103 18 1,350 SH DEFINED 1,2,4 1,350
PROLOGIS INT 743410102 3 520 SH DEFINED 1,2,4 520
PRUDENTIAL FINANCIAL INC COM 744320102 17 890 SH DEFINED 1,2,4 890
PUBLIC SERVICE CO OF N MEX COM 69349H107 508 61,475 SH DEFINED 1,2,4 61,475
PUBLIC SERVICE ENTERPRISE GPCOM 744573106 30 1,020 SH DEFINED 1,2,4 1,020
PUBLIC STORAGE COM 74460D109 14 250 SH DEFINED 1,2,4 250
PULTE HOMES INC COM 745867101 5 420 SH DEFINED 1,2,4 420
QLOGIC CORP COM 747277101 3 260 SH DEFINED 1,2,4 260
QUALCOMM INC COM 747525103 709 18,220 SH DEFINED 1,2,4 18,220
QUEST DIAGNOSTICS COM 74834L100 15 320 SH DEFINED 1,2,4 320
QUESTAR CORP COM 748356102 10 350 SH DEFINED 1,2,4 350
QUICKSILVER GAS SERVICES LP COM 74839G106 954 72,000 SH DEFINED 1,2,4,5 72,000
QWEST COMMUNICATIONS INTL COM 749121109 10 3,060 SH DEFINED 1,2,4 3,060
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
RADIOSHACK CORP COM 750438103 2 260 SH DEFINED 1,2,4 260
RANGE RESOURCES CORP COM 75281A109 12 300 SH DEFINED 1,2,4 300
RAYTHEON COMPANY COM 755111507 33 850 SH DEFINED 1,2,4 850
REGENCY ENERGY PARTNERS LP COM 75885Y107 4,939 395,715 SH DEFINED 1,2,4,5 395,715
REGIONS FINANCIAL CORP COM 7591EP100 6 1,380 SH DEFINED 1,2,4 1,380
REGIS CORP COM 758932107 482 33,325 SH DEFINED 1,2,4 33,325
RENAISSANCERE HOLDINGS LTD COM G7496G103 1,552 31,400 SH DEFINED 1,2,4 31,400
RENT-A-CENTER INC COM 76009N100 602 31,100 SH DEFINED 1,2,4 31,100
REPUBLIC SERVICES INC COM 760759100 5 301 SH DEFINED 1,2,4 301
REYNOLDS AMERICAN INC COM 761713106 12 340 SH DEFINED 1,2,4 340
ROBERT HALF INTL INC COM 770323103 6 320 SH DEFINED 1,2,4 320
ROCKWELL AUTOMATION INC COM 773903109 7 300 SH DEFINED 1,2,4 300
ROCKWELL COLLINS INC. COM 774341101 11 330 SH DEFINED 1,2,4 330
ROHM AND HAAS CO COM 775371107 20 250 SH DEFINED 1,2,4 250
ROWAN COMPANIES INC COM 779382100 3 220 SH DEFINED 1,2,4 220
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
RR DONNELLEY & SONS CO COM 257867101 3 430 SH DEFINED 1,2,4 430
RYDER SYSTEM INC COM 783549108 3 120 SH DEFINED 1,2,4 120
SAFEWAY INC COM 786514208 18 880 SH DEFINED 1,2,4 880
SANDISK CORP COM 80004C101 607 47,985 SH DEFINED 1,2,4 47,985
SARA LEE CORP COM 803111103 11 1,410 SH DEFINED 1,2,4 1,410
SCHERING-PLOUGH CORP COM 806605101 1,099 46,680 SH DEFINED 1,2,4 46,680
SCHLUMBERGER LTD COM 806857108 560 13,790 SH DEFINED 1,2,4 13,790
SCHWAB (CHARLES) CORP COM 808513105 29 1,870 SH DEFINED 1,2,4 1,870
SCHWEITZER-MAUDUIT INTL INC COM 808541106 845 45,750 SH DEFINED 1,2,4 45,750
SCRIPPS NETWORKS INTER-CL A COM 811065101 4 180 SH DEFINED 1,2,4 180
SEALED AIR CORP COM 81211K100 4 320 SH DEFINED 1,2,4 320
SEALY CORP COM 812139301 128 85,775 SH DEFINED 1,2,4 85,775
SEARS HOLDINGS CORP COM 812350106 805 17,610 SH DEFINED 1,2,4 17,610
SEMPRA ENERGY COM 816851109 1,579 34,145 SH DEFINED 1,2,4 34,145
SHERWIN-WILLIAMS CO/THE COM 824348106 10 200 SH DEFINED 1,2,4 200
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
SIGMA-ALDRICH COM 826552101 10 260 SH DEFINED 1,2,4 260
SIMON PROPERTY GROUP INC COM 828806109 16 461 SH DEFINED 1,2,4 461
SKECHERS USA INC-CL A CL A 830566105 581 87,150 SH DEFINED 1,2,4 87,150
SLM CORP COM 78442P106 5 930 SH DEFINED 1,2,4 930
SMITH INTERNATIONAL INC COM 832110100 9 400 SH DEFINED 1,2,4 400
SNAP-ON INC COM 833034101 3 120 SH DEFINED 1,2,4 120
SOUTHERN CO COM 842587107 47 1,520 SH DEFINED 1,2,4 1,520
SOUTHWEST AIRLINES CO COM 844741108 9 1,460 SH DEFINED 1,2,4 1,460
SOUTHWESTERN ENERGY CO COM 845467109 20 680 SH DEFINED 1,2,4 680
SPDR GOLD TRUST SHS 78463V107 36,112 400,000 SH DEFINED 1,2,4 400,000
SPECTRA ENERGY CORP COM 847560109 18 1,259 SH DEFINED 1,2,4 1,259
SPECTRA ENERGY PARTNERS LP COM 84756N109 3,812 174,546 SH DEFINED 1,2,4 174,546
SPHERION CORPORATION COM 848420105 74 35,450 SH DEFINED 1,2,4 35,450
SPRINT NEXTEL CORP COM 852061100 20 5,678 SH DEFINED 1,2,4 5,678
ST JUDE MEDICAL INC COM 790849103 752 20,690 SH DEFINED 1,2,4 20,690
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
STANLEY WORKS/THE COM 854616109 5 160 SH DEFINED 1,2,4 160
STAPLES INC COM 855030102 1,607 88,730 SH DEFINED 1,2,4 88,730
STARBUCKS CORP COM 855244109 38 3,450 SH DEFINED 1,2,4 3,450
STARWOOD HOTELS & RESORTS COM 85590A401 5 380 SH DEFINED 1,2,4 380
STATE STREET CORP COM 857477103 886 28,780 SH DEFINED 1,2,4 28,780
STEWART INFORMATION SERVICESCOM 860372101 475 24,375 SH DEFINED 1,2,4 24,375
STRYKER CORP COM 863667101 16 480 SH DEFINED 1,2,4 480
SUN MICROSYSTEMS INC COM 866810203 12 1,577 SH DEFINED 1,2,4 1,577
SUNOCO INC COM 86764P109 6 240 SH DEFINED 1,2,4 240
SUNTRUST BANKS INC COM 867914103 8 700 SH DEFINED 1,2,4 700
SUPERVALU INC COM 868536103 6 421 SH DEFINED 1,2,4 421
SYMANTEC CORP COM 871503108 25 1,684 SH DEFINED 1,2,4 1,684
SYSCO CORP COM 871829107 27 1,200 SH DEFINED 1,2,4 1,200
T ROWE PRICE GROUP INC COM 74144T108 15 530 SH DEFINED 1,2,4 530
TALISMAN ENERGY INC COM 87425E103 3,150 300,000 SH DEFINED 1,2,4 300,000
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
TARGET CORP COM 87612E106 56 1,630 SH DEFINED 1,2,4 1,630
TC PIPELINES LP COM 87233Q108 4,174 140,300 SH DEFINED 1,2,4,5 140,300
TECH DATA CORP COM 878237106 889 40,837 SH DEFINED 1,2,4 40,837
TECO ENERGY INC COM 872375100 5 420 SH DEFINED 1,2,4 420
TELLABS INC COM 879664100 4 820 SH DEFINED 1,2,4 820
TENET HEALTHCARE CORP CL A 88033G100 1 940 SH DEFINED 1,2,4 940
TEPPCO PARTNERS LP UNIT 872384102 2,378 105,000 SH DEFINED 1,2,4,5 105,000
TERADATA CORP COM 88076W103 6 360 SH DEFINED 1,2,4 360
TERADYNE INC COM 880770102 1 340 SH DEFINED 1,2,4 340
TEREX CORP COM 880779103 2 210 SH DEFINED 1,2,4 210
TESORO CORP COM 881609101 4 270 SH DEFINED 1,2,4 270
TEVA PHARMACEUTICAL-SP ADR ADR 881624209 6 137 SH DEFINED 1,2,4 137
TEXAS INSTRUMENTS INC COM 882508104 44 2,640 SH DEFINED 1,2,4 2,640
TEXTRON INC COM 883203101 3 500 SH DEFINED 1,2,4 500
THERMO FISHER SCIENTIFIC INCCOM 883556102 30 840 SH DEFINED 1,2,4 840
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
TICKETMASTER ENTERTAINMENT COM 88633P302 0 72 SH DEFINED 1,2,4 72
TIFFANY & CO COM 886547108 5 250 SH DEFINED 1,2,4 250
TIME WARNER CABLE INC CL A 88732J207 15 596 SH DEFINED 1,2,4 596
TITANIUM METALS CORP COM 888339207 1 190 SH DEFINED 1,2,4 190
TJX COMPANIES INC COM 872540109 789 30,770 SH DEFINED 1,2,4 30,770
TORCHMARK CORP COM 891027104 694 26,455 SH DEFINED 1,2,4 26,455
TOTAL SYSTEM SERVICES INC COM 891906109 5 390 SH DEFINED 1,2,4 390
TRANSMONTAIGNE PARTNERS LP COM 89376V100 4,897 292,000 SH DEFINED 1,2,4,5 292,000
TRANSOCEAN LTD REG SHS H8817H100 37 634 SH DEFINED 1,2,4 634
TRAVELERS COS INC/THE COM 89417E109 50 1,237 SH DEFINED 1,2,4 1,237
TREE.COM INC COM 894675107 0 11 SH DEFINED 1,2,4 11
TREX COMPANY INC COM 89531P105 423 55,425 SH DEFINED 1,2,4 55,425
TYCO ELECTRONICS LTD COM G9144P105 1,048 94,947 SH DEFINED 1,2,4 94,947
TYSON FOODS INC-CL A CL A 902494103 5 540 SH DEFINED 1,2,4 540
UNILEVER NV SHS 904784709 4,932 251,610 SH DEFINED 1,2,4 251,610
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
UNION PACIFIC CORP COM 907818108 43 1,040 SH DEFINED 1,2,4 1,040
UNISYS CORP COM 909214108 0 700 SH DEFINED 1,2,4 700
UNITED NATIONAL GROUP LTD-A COM 90933T109 266 66,200 SH DEFINED 1,2,4 66,200
UNITED PARCEL SERVICE-CL B CL B 911312106 101 2,060 SH DEFINED 1,2,4 2,060
UNITED STATES STEEL CORP COM 912909108 5 240 SH DEFINED 1,2,4 240
UNITED STATIONERS INC COM 913004107 394 14,025 SH DEFINED 1,2,4 14,025
UNITED TECHNOLOGIES CORP COM 913017109 772 17,960 SH DEFINED 1,2,4 17,960
UNITEDHEALTH GROUP INC COM 91324P102 52 2,490 SH DEFINED 1,2,4 2,490
UNIVERSAL CORP-VA COM 913456109 364 12,175 SH DEFINED 1,2,4 12,175
UNUM GROUP COM 91529Y106 9 690 SH DEFINED 1,2,4 690
US BANCORP COM 902973304 50 3,450 SH DEFINED 1,2,4 3,450
USX - MARATHON GROUP INC COM 565849106 315 12,000 SH DEFINED 1,2 12,000
VALERO ENERGY CORP COM 91913Y100 404 22,545 SH DEFINED 1,2,4 22,545
VARIAN MEDICAL SYSTEMS INC COM 92220P105 8 250 SH DEFINED 1,2,4 250
VERISIGN INC COM 92343E102 7 390 SH DEFINED 1,2,4 390
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
VERIZON COMMUNICATIONS INC COM 92343V104 173 5,720 SH DEFINED 1,2,4 5,720
VF CORP COM 918204108 10 180 SH DEFINED 1,2,4 180
VIACOM INC-CLASS B CL B 92553P201 22 1,280 SH DEFINED 1,2,4 1,280
VIAD CORP COM 92552R406 135 9,569 SH DEFINED 1,2,4 9,569
VISA INC-CLASS A SHARES CL A 92826C839 834 15,000 SH DEFINED 1,2 15,000
VORNADO REALTY TRUST INT 929042109 9 274 SH DEFINED 1,2,4 274
VULCAN MATERIALS CO COM 929160109 10 220 SH DEFINED 1,2,4 220
WALGREEN CO COM 931422109 51 1,980 SH DEFINED 1,2,4 1,980
WAL-MART STORES INC COM 931142103 245 4,710 SH DEFINED 1,2,4 4,710
WALT DISNEY CO/THE COM 254687106 68 3,750 SH DEFINED 1,2,4 3,750
WASHINGTON POST -CL B CL B 939640108 7 20 SH DEFINED 1,2,4 20
WASTE MANAGEMENT INC COM 94106L109 25 990 SH DEFINED 1,2,4 990
WATERS CORP COM 941848103 7 200 SH DEFINED 1,2,4 200
WATSON PHARMACEUTICALS INC COM 942683103 7 210 SH DEFINED 1,2,4 210
WEATHERFORD INTL LTD REG H27013103 258 23,350 SH DEFINED 1,2,4 23,350
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
WEBSTER FINANCIAL CORP COM 947890109 242 57,000 SH DEFINED 1,2,4 57,000
WELLPOINT INC COM 94973V107 1,073 28,255 SH DEFINED 1,2,4 28,255
WELLS FARGO & CO COM 949746101 106 7,414 SH DEFINED 1,2,4 7,414
WENDYS/ARBYS GROUP INC-A COM 950587105 3 558 SH DEFINED 1,2,4 558
WESTERN UNION CO COM 959802109 19 1,489 SH DEFINED 1,2,4 1,489
WEYERHAEUSER CO COM 962166104 12 420 SH DEFINED 1,2,4 420
WHIRLPOOL CORP COM 963320106 638 21,550 SH DEFINED 1,2,4 21,550
WHOLE FOODS MARKET INC COM 966837106 5 280 SH DEFINED 1,2,4 280
WILLIAMS COS INC COM 969457100 1,680 147,640 SH DEFINED 1,2,4 147,640
WILLIAMS PIPELINE PARTNERS LCOM 96950K103 5,116 310,805 SH DEFINED 1,2,4 310,805
WILLIS GROUP HOLDINGS LTD SHS G96655108 1,650 75,000 SH DEFINED 1,2,4 75,000
WINDSTREAM CORP COM 97381W104 7 896 SH DEFINED 1,2,4 896
WW GRAINGER INC COM 384802104 10 140 SH DEFINED 1,2,4 140
WYETH COM 983024100 1,975 45,890 SH DEFINED 1,2,4 45,890
WYETH DBCV 983024AD2 5,167 5,203,000 PRN DEFINED 1,2,4 86,156
Column Column Column Column Column Column Column Column
1: 2: 3: 4: 5: 6: 7: 8:
Name Title Shares or Voting Authority
of of CUSIP Value Principal SH/ Put/ Investment Other ------------------
Issuer Class Number (x$1000) Amount PRN Call Discretion Mgrs Sole Shared None
WYNDHAM WORLDWIDE CORP COM 98310W108 1 350 SH DEFINED 1,2,4 350
XCEL ENERGY INC COM 98389B100 16 850 SH DEFINED 1,2,4 850
XEROX CORP COM 984121103 2,738 601,820 SH DEFINED 1,2,4 601,820
XILINX INC COM 983919101 11 570 SH DEFINED 1,2,4 570
XL CAPITAL LTD -CLASS A CL A G98255105 2 350 SH DEFINED 1,2,4 350
XTO ENERGY INC COM 98385X106 31 1,015 SH DEFINED 1,2,4 1,015
YAHOO! INC COM 984332106 34 2,660 SH DEFINED 1,2,4 2,660
YUM! BRANDS INC COM 988498101 26 950 SH DEFINED 1,2,4 950
ZIMMER HOLDINGS INC COM 98956P102 17 470 SH DEFINED 1,2,4 470
ZIONS BANCORPORATION COM 989701107 2 210 SH DEFINED 1,2,4 210