UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
"Washington, D.C. 20549"


FORM 13F

FORM 13F COVER PAGE

"Report for the Calender Year or Quarter Ended:  MARCH 31, 2011"

Institutional Investment Manager Filing this Report:

Name:      Libbie Agran Financial Services
Address:  2120 Colorado Avenue
                    Suite 100
"                    Santa Monica, CA 90404"

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 intergral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Margaret Shin
Title:        Financial Planner
Phone:   310-586-1828
"Signature, Place, and Date of Signing:"


"  Margaret Shin  Santa Monica , California July 8, 2011"

Report Type

[X]  13F HOLDINGS REPORT

List of Other Managers Reporting for this Manager:   None

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:

Form 13F Information Table Entry Total:  108

"Form 13F Information Table Value Total:  $291,796 (in thousands)"


			
			FORM 13F INFORMATION TABLE
					Investment 	Other	Voting
Name of Issuer	Title of Class	CUSIP	"Value (x $1,000)"	# of Shares	Discretion	Managers	Authority
APPLE INC	com	037833100	9059.733	26990	sole	none	sole
ALLIANCEBERNSTEIN HLDG UNIT LT	com	01881G106	2109.396	108508	sole	none	sole
ABB LTD ADR F SPONSORED ADR 1 	com	000375204	1881.531	72506	sole	none	sole
ABBOTT LABORATORIES	com	002824100	2708.825	51479	sole	none	sole
ISHARES TR BARCLAYS FUND BARCL	com	464287226	507.323	4756	sole	none	sole
APPLIED MATERIALS INC	com	038222105	606.266	46600	sole	none	sole
AMAZON COM INC	com		559.28	2735	sole	none	sole
APTARGROUP INC	com	038336103	1151.48	22000	sole	none	sole
AVANIR PHARMA INC	com	05348P401	56.28	16750	sole	none	sole
BOEING CO	com		354.864	4800	sole	none	sole
BANK OF AMERICA CORP	com	060505104	292.468	26685	sole	none	sole
BECTON DICKINSON & CO	com	075887109	3697.899	42914	sole	none	sole
BLACKROCK INC	com	09247X101	2863.148	14927	sole	none	sole
BERKSHIRE HATHAWAY INC CL A	com	084670108	8127.35	70	sole	none	sole
BERKSHIRE HATHAWAY B NEW CLASS	com	084670207	5348.81	69115	sole	none	sole
CATERPILLAR INC	com		798.556	7501	sole	none	sole
CELGENE CORP	com	151020104	1204.289	19965	sole	none	sole
CHESAPEAKE ENERGY CORP	com	165167107	503.245	16950	sole	none	sole
CONOCOPHILLIPS	com	20825C104	5981.779	79555.51	sole	none	sole
COSTCO WHSL CORP NEW	com	22160K105	3802.032	46800	sole	none	sole
COVIDIEN PLC F	com		385.545	7243	sole	none	sole
CISCO SYSTEMS INC	com	17275R102	2667.031	170854	sole	none	sole
CHEVRON CORPORATION	com	166764100	10005.079	97287.82	sole	none	sole
CITY NATIONAL CORP	com	178566105	257.687	4750	sole	none	sole
DOMINION RES INC VA NEW	com	25746U109	8626.67	178717	sole	none	sole
DONALDSON COMPANY INC	com	257651109	4749.848	78277	sole	none	sole
DECKERS OUTDOOR CORP	com		220.35	2500	sole	none	sole
DOUGLAS EMMETT INC	com	25960P109	1248.595	62775	sole	none	sole
QUEST DIAGNOSTIC INC	com	74834L100	1859.286	31460	sole	none	sole
DISNEY WALT CO	com	254687106	309.86	7937	sole	none	sole
DIGITAL RLTY TR INC COM	com		725.297	11740	sole	none	sole
DIRECTV CL A CLASS A	com		209.531	4123	sole	none	sole
DUKE ENERGY CORP NEW	com	264399106	1354.065	71910	sole	none	sole
ISHARES MSCI EMRG MKT FD EMERG	com	464287234	4445.031	93383	sole	none	sole
ENTERPRISE PRD PRTNRS LP	com	293792107	6467.543	149677	sole	none	sole
ENERGY TRANSFER PARTNERS UNITS	com		1499.576	30685	sole	none	sole
FIRST CHINA PHARMA GRO COM	com		5.8	10000	sole	none	sole
FEDEX CORPORATION	com	31428X106	2520.639	26575	sole	none	sole
FLOWSERVE CORPORATION	com		251.648	2290	sole	none	sole
NICOR INC	com	654086107	536.452	9800	sole	none	sole
GENERAL ELECTRIC COMPANY	com	369604103	2860.477	151669	sole	none	sole
GILEAD SCIENCES INC	com	375558103	3744.955	90436	sole	none	sole
GENERAL MILLS INC	com	370334104	3020.105	81142	sole	none	sole
SPDR GOLD TRUST SPDR GOLD SHAR	com	78463V107	2900.602	19867	sole	none	sole
GOOGLE INC CLASS A	com	38259P508	2668.116	5269	sole	none	sole
GOLDMAN SACHS GROUP INC	com	38141G104	4750.381	35693	sole	none	sole
H C P INC REIT	com	40414L109	7839.075	213657	sole	none	sole
HONEYWELL INTERNATIONAL	com	438516106	1197.759	20100	sole	none	sole
HEWLETT-PACKARD COMPANY	com	428236103	442.078	12145	sole	none	sole
INTL BUSINESS MACHINES	com	459200101	2856.479	16651	sole	none	sole
ISHARES TR S&P SMALLCAP S&P SM	com		508.474	6935	sole	none	sole
INTERMETRO COMMUNICATION	com	45882L101	3.669	89500	sole	none	sole
INTEL CORP	com	478160104	5523.01	249233.312	sole	none	sole
INTUITIVE SURGICAL NEW	com	460120e107	1038.187	2790	sole	none	sole
ISHARES TR DJ US BASIC MATERIA	com	464287838	3812.332	48172	sole	none	sole
ISHARES TR DOW JONES RE US REA	com		847.999	14063	sole	none	sole
JOHNSON CONTROLS INC	com	478366107	521.791	12525	sole	none	sole
JOHNSON & JOHNSON	com	494550106	7164.53	107704.895	sole	none	sole
JPMORGAN CHASE & CO	com	46625H100	1442.767	35241	sole	none	sole
KAT EXPLORATION INC	com	48238M104	0.49	35000	sole	none	sole
KRAFT FOODS INC	com	50075N104	1862.117	52856	sole	none	sole
KINDER MORGAN ENERGY LP UNIT L	com	49455P101	6605.874	90990	sole	none	sole
COCA COLA COMPANY	com	19126100	4920.985	73131	sole	none	sole
LINEAR TECHNOLOGY CORP DELAWAR	com	535678106	1943.392	58855	sole	none	sole
ISHARES IBOXX INVESTOP IBOXX $	com	464287242	397.679	3611	sole	none	sole
MC DONALDS CORP	com	580135101	5038.542	59755	sole	none	sole
SPDR S&P MIDCAP 400 ETF	com	595635103	910.496	5131	sole	none	sole
3M COMPANY	com	88579Y101	3359.113	35415	sole	none	sole
MONSANTO CO NEW DEL	com	61166W101	441.769	6090	sole	none	sole
MINDRAY MED INTL ADR F SPONSOR	com	602875100	641.223	22860	sole	none	sole
MICROSOFT CORP	com	594918104	3979.82	153070	sole	none	sole
NOBLE ENERGY INC	com	655044105	4587.443	51182	sole	none	sole
NEXTERA ENERGY INC COM	com	65339F101	4440.509	77280	sole	none	sole
NORTHROP GRUMMAN CORP	com	666807102	782.615	11285	sole	none	sole
TELECOM CP NEW ZEALAND SPONSOR	com		746.39	73900	sole	none	sole
ONEOK PARTNERS LP	com	68268N103	5589.794	65531	sole	none	sole
ORACLE CORPORATION	com	68389X105	3243.939	98570	sole	none	sole
OCCIDENTAL PETE CORP	com		269.464	2590	sole	none	sole
PETROLEO BRASILEIRO ADRF SPONS	com	71654V408	1138.542	33625	sole	none	sole
POWERSHS EXCH TRAD FD TR WILDE	com	73935X500	885.33	98370	sole	none	sole
PROCTER & GAMBLE	com	742718109	6179.813	97212	sole	none	sole
PENGROWTH ENERGY TRUST F TRUST	com	706902301	132.09	10500	sole	none	sole
POWERSHS EXCH TRAD FD TR POWER	com	73935X575	4489.739	231908	sole	none	sole
PUBLIC STORAGE REIT	com		245.92	2157	sole	none	sole
QUALCOMM INC	com	747525103	8510.436	149858	sole	none	sole
POWERSHARES QQQ TRUST UNIT SER	com	73935A104	1225.548	21482	sole	none	sole
THE CHARLES SCHWAB CORP	com	808513105	885.586	53835	sole	none	sole
ISHARES SILVER TRUST INDEX FUN	com		357.858	10575	sole	none	sole
SMALL WORLD KIDS INC NEW	com	83167N203	10	200000	sole	none	sole
THE SOUTHERN COMPANY	com	842587107	2325.726	57596	sole	none	sole
SIMON PPTY GROUP NEW REIT/NON-	com	828806109	6437.515	55386	sole	none	sole
SUBURBAN PROPANE PRT L P UNIT 	com	864482104	362.823	6940	sole	none	sole
S P D R S&P 500 ETF TR EXPIRIN	com	78462f103	1066.318	8080	sole	none	sole
SARISSA RESOURCES INC	com	803720101	1.975	50000	sole	none	sole
SITESEARCH CORP COM	com		0.093	13334	sole	none	sole
A T & T INC NEW	com	00206R102	3475.956	110664	sole	none	sole
TEVA PHARM INDS LTD ADRF SPONS	com	881624209	16020.95	332247	sole	none	sole
TRANSCANADA CORP F	com	89353D107	398.944	9100	sole	none	sole
UNDERGROUND SLTNS INC	com	904323102	4.08	24000	sole	none	sole
UNION PACIFIC CORP	com		773.604	7410	sole	none	sole
UNITED TECHNOLOGIES CORP	com	91307109	7642.838	86350	sole	none	sole
VISA INC CL A CLASS A	com	92826C839	3257.66	38662	sole	none	sole
VORNADO REALTY TRUST REIT	com	929042109	3274.345	35140	sole	none	sole
VERTEX PHARMACEUTICALS		92532F100	712.003	13695	sole	none	sole
VERIZON COMMUNICATIONS		92343V104	5937.552	159483	sole	none	sole
AQUA AMERICA INC		03836w103	2620.214	119209	sole	none	sole
SECTOR SPDR TECH SELECT SHARES		81369Y803	1942.457	75582	sole	none	sole
EXXON MOBIL CORPORATION		30231G102	8616.514	105880	sole	none	sole