-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JgzQ5vg25vnQkEr6kBQq25TSomHDX/ocfh8QWw/YKcgpZhnJS8fU1WTcRio+Dr4z Sb6wwNasZcNZA+Ij9CZe5A== 0001144204-08-062715.txt : 20081112 0001144204-08-062715.hdr.sgml : 20081111 20081112114221 ACCESSION NUMBER: 0001144204-08-062715 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081112 DATE AS OF CHANGE: 20081112 EFFECTIVENESS DATE: 20081112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEARBORN PARTNERS LLC CENTRAL INDEX KEY: 0001206792 IRS NUMBER: 364145621 STATE OF INCORPORATION: IL FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10306 FILM NUMBER: 081179251 BUSINESS ADDRESS: STREET 1: 200 W. MADISON CITY: CHICAGO STATE: IL ZIP: 60606 13F-HR 1 v131654_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9-30-2008 --------------------------------- Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Dearborn Partners L.L.C. ---------------------------------------------------------------------- Address: 200 W. Madison St. ---------------------------------------------------------------------- Suite 1950 ---------------------------------------------------------------------- Chicago, IL 60606 ---------------------------------------------------------------------- Form 13F File Number: 28-10306 -------------------- 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: Kurt M. Newsom ---------------------------------------------------------------------- Title: General Counsel ---------------------------------------------------------------------- Phone: 312-795-5348 ---------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Kurt M. Newsom Chicago, IL 11-12-2008 - ---------------------------------- ------------------------------- ---------- [Signature] [City, State] [Date] Report type (Check only one.): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager (s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: ------------------- Form 13F Information Table Entry Total: 618 ------------------- Form 13F Information Table Value Total: $3,949 ------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE Form 13F INFORMATION TABLE Dearborn Partners L.L.C. 9/30/2008 13F Report
ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: - ------------------------------------------------------------------------------------------------------------------------------------ NAME OF ISSUER TITLE OF CLASS CUSIP FAIR SHARES OR INVEST- MANA- VOTING AUTHORITY NUMBER MARKET PRINCIPAL MENT GERS --------------------- VALUE AMOUNT DISCRE- (A) (B) (C) TION SOLE SHARED NONE - ------------------------------------------------------------------------------------------------------------------------------------ 3M Company Common Stock 88579y101 5348043.74 78290.7881 Sole 76,991 1300 A T & T Inc new Common Stock 00206R102 2034958.05 72885.3169 Sole 72,885 ABB Ltd. Spons ADR Common Stock 000375204 77600 4000 Sole 4,000 Abbott Labs Common Stock 002824100 6885077.07 119574.1068 Sole 118,424 1150 Accenture Ltd Common Stock g1150g111 19000 500 Sole 500 Adams Express Company Common Stock 006212104 19579.99 1817 Sole 1,817 Adobe Systems Inc Common Stock 00724F101 369044.5 9350 Sole 9,350 Aetna Inc Common Stock 00817y108 14444 400 Sole 400 AFLAC Inc. Common Stock 001055102 3134823.51 53358.698 Sole 52,959 400 Agilent Technologies Inc. Common Stock 00846u101 40041 1350 Sole 1,350 Air Liquide SA ADR Common Stock 009126202 7176.68 330 Sole 330 Air Products & Chemicals, Inc Common Stock 009158106 99310.5 1450 Sole 1,450 Aircastle LTD Common Stock g0129k104 9910 1000 Sole 1,000 Akamai Technologies Com Common Stock 00971T101 1316336.32 75478 Sole 75,478 Alcoa Inc Common Stock 013817101 111855.07 4953.7233 Sole 4,954 Alcon, Inc. Common Stock H01301102 4208567.29 26057.6267 Sole 10,190 15868 AlianceBernstein Hldg Ltd Common Stock 018816106 3701 100 Sole 100 Alleghany Corp New Common Stock 017175100 558450 1530 Sole 1,530 Allegheny Energy Inc Com Common Stock 017361106 7354 200 Sole 200 Allergan Inc Common Stock 018490102 974122.5 18915 Sole 18,915 Alliance Data Sys Corp Common Stock 018581108 25352 400 Sole 400 Allstate Corp Common Stock 020002101 186324.8 4040 Sole 4,040 Altria Group Inc Common Stock 02209S103 163580.8 8245 Sole 8,245 Alumina Ltd. Spons ADR Common Stock 022205108 5555 550 Sole 550 Amazon.com Common Stock 023135106 32742 450 Sole 450 Ameren Corp Common Stock 023608102 61784.49 1583 Sole 1,583 American Capital Ltd Common Stock 02503Y103 222189.52 8709.899 Sole 8,710 American Ecology Corp New Common Stock 025533407 2767 100 Sole 100 American Electric Power Common Stock 025537101 14812 400 Sole 400 American Express Co Common Stock 025816109 2553543.12 72072.9076 Sole 71,503 570.3508 American International Group Common Stock 026874107 34328.97 10309 Sole 10,009 300 American Sts Water Common Stock 029899101 5775 150 Sole 150 AmeriGas Partners, LP Common Stock 030975106 132350.6 4349.3461 Sole 4,349 Ameriprise Financial Inc Common Stock 03076c106 13522.8 354 Sole 354 Amgen Common Stock 031162100 389700.25 6575 Sole 6,575 AMR Corp Common Stock 001765106 16694 1700 Sole 1,700 Anadarko Pete Corp Common Stock 032511107 2356659.83 48580.9077 Sole 47,781 800 Analog Devices Inc Common Stock 032654105 22423.85 851 Sole 851 Anglo American PLC Unspons ADR Common Stock 03485P201 25095 1500 Sole 1,500 Anheuser Busch Cos Common Stock 035229103 199116.72 3069 Sole 2,669 400 Apache Corp Common Stock 037411105 1503091.92 14414 Sole 14,414 Apple Computer Common Stock 037833100 85245 750 Sole 750 Applied Materials Inc Common Stock 038222105 195406.65 12915.1782 Sole 12,915 Aqua America Inc Common Stock 03836W103 11112.5 625 Sole 625 Arch Coal Inc Common Stock 039380100 16445 500 Sole 500 Archer Daniels Midland Common Stock 039483102 1224002.15 55865 Sole 55,865 Ascent Media Corporation A Common Stock 043632108 1147.27 47 Sole 47 Autoliv Inc Common Stock 052800109 10327.5 306 Sole 306 Automatic Data Processing Common Stock 053015103 2307773.25 53983 Sole 53,983 Aventine Renewable Energy Holdings Inc Common Stock 05356x403 12640 4000 Sole 4,000 Avery Dennison Corp Common Stock 053611109 302464 6800 Sole 6,800 Baker Hughes Common Stock 057224107 1154896.66 19076.5884 Sole 18,677 400 Ball Corp Com Common Stock 058498106 103661.25 2625 Sole 2,625 Banco Bilbao Vizcaya Argt Sa ADR Common Stock 05946k101 22718.85 1405 Sole 1,405 Banco Santander Cen Spons ADR Common Stock 05964h105 68341 4550 Sole 4,550 Bank of America Corp Common Stock 060505104 2921915.85 83483.31 Sole 82,983 500 Bank of Marin Bancorp Common Stock 063425102 55125 1750 Sole 1,750 Bank of New York Mellon Corp Common Stock 064058100 84382.2 2590 Sole 2,590 Bankrate Inc Common Stock 06646v108 3891 100 Sole 100 Barr Pharmaceuticals Inc Common Stock 068306109 195900 3000 Sole 3,000 Barrick Gold Corp Common Stock 067901108 2673569.8 72770 Sole 72,770 BASF AG Spons ADR Common Stock 055262505 116143.48 2450 Sole 2,450 Baxter International Inc Common Stock 071813109 97248.07 1481.7625 Sole 1,482 BB&T Corporation Common Stock 054937107 424922.13 11241.3263 Sole 11,241 BCE Inc. Common Stock 05534B760 6942 200 Sole 200 BE Aerospace Common Stock 073302101 14642.75 925 Sole 925 Becton Dickinson & Co Common Stock 075887109 861671.36 10736 Sole 10,736 Berkshire Hathaway Cl A Common Stock 084670108 130600 1 Sole 1 Berkshire Hathaway Cl B Common Stock 084670207 316440 72 Sole 72 Best Buy Inc. Common Stock 086516101 95625 2550 Sole 2,550 BHP Billiton LTD Spons ADR Common Stock 088606108 49390.5 950 Sole 950 BHP Billiton PLC ADR Common Stock 05545e209 36728 800 Sole 800 BJ Svcs Co Common Stock 055482103 278310.06 14548.3566 Sole 14,548 Black Hills Corp Common Stock 092113109 888746.83 28604.6613 Sole 28,205 400 Blackstone Group LP Common Stock 09253U108 401223.85 26155.4008 Sole 26,155 Boeing Common Stock 097023105 375710.88 6551.1924 Sole 6,551 Borders Group Common Stock 099709107 5248 800 Sole 800 Boston Properties REIT Common Stock 101121101 254942.52 2722 Sole 2,722 Boston Scientific Corp Common Stock 101137107 2049.09 167 Sole 167 Boyd Gaming Corp Common Stock 103304101 499262.4 53340 Sole 53,340 BP Amoco PLC Spons ADR Common Stock 055622104 1278933.64 25492 Sole 24,434 1058 BP Prudhoe Bay Royalty Trust Common Stock 055630107 46485 500 Sole 500 Bridge Capital Holdings Common Stock 108030107 30222.5 2750 Sole 2,750 Bristol Myers Squibb Company Common Stock 110122108 100080 4800 Sole 4,800 Broadridge Financial Solutions Common Stock 11133t103 17529.21 1139 Sole 1,139 Brown & Brown Inc Common Stock 115236101 64860 3000 Sole 3,000 Bunge Limited Common Stock g16962105 153320.74 2426.729 Sole 2,427 Burlington Northern Santa Fe Corp Common Stock 12189t104 4867319.97 52659.5258 Sole 32,971 19689 C H Robinson Worldwide Common Stock 12541w209 101920 2000 Sole 2,000 C.R. Bard Inc Common Stock 067383109 7306058.03 77011.2578 Sole 55,002 22009 CA Inc Common Stock 12673p105 1996 100 Sole 100 Cadbury PLC Spons ADR Common Stock 12721e102 5240.32 128 Sole 128 Cameco Corp Common Stock 13321l108 8924 400 Sole 400 Canadian Natl Railway Co Common Stock 136375102 28698 600 Sole 600 Capital One Finl Corp Common Stock 14040H105 235875 4625 Sole 4,625 Carbo Ceramics Inc. Common Stock 140781105 211601 4100 Sole 4,100 Cardinal Health Inc Common Stock 14149Y108 363834.24 7383 Sole 7,383 Carmax Inc Common Stock 143130102 19600 1400 Sole 1,400 Caterpillar Inc Common Stock 149123101 429732.43 7210.2756 Sole 6,410 800 CBS Corp New Class B Common Stock 124857202 4067.82 279 Sole 279 Celera Corp Common Stock 15100E106 3090 200 Sole 200 Cemex SA De Cv Spons ADR Common Stock 151290889 5338.2 310 Sole 310 Centex Corp Common Stock 152312104 3240 200 Sole 200 CF Industries Holdings Inc Common Stock 125269100 25151.5 275 Sole 275 CH Energy Group Common Stock 12541m102 3267.75 75 Sole 75 Charles Schwab Corp Common Stock 808513105 42380 1630 Sole 1,630 Cheesecake Factory Inc Common Stock 163072101 2193 150 Sole 150 Chevron Corp Common Stock 166764100 9824826.88 119117.6877 Sole 83,231 35887 China Medical Technologies Inc Spon ADR Common Stock 169483104 24435 750 Sole 750 China Mobile (Hong Kong)LTD ADS Common Stock 16941M109 318052.16 6350.8817 Sole 6,351 China Petroleum & Chemical Corp. ADR Common Stock 16941r108 11749.5 150 Sole 150 China Security & Surveillance Technology Common Stock 16942J105 13880 1000 Sole 1,000 China Telecom Corp. Ltd. ADR Common Stock 169426103 7157.5 175 Sole 175 Chubb Corp Common Stock 171232101 60390 1100 Sole 1,100 Chunghwa Telecom Co. ADR Common Stock 17133q304 7101 300 Sole 300 Cimarex Energy Co Common Stock 171798101 2310850.77 47247 Sole 47,247 Cincinnati Financial Corp Common Stock 172062101 251409.6 8840 Sole 8,840 Cintas Corp Common Stock 172908105 37323 1300 Sole 1,300 Cisco Systems Common Stock 17275R102 10292571.36 456231 Sole 342,347 113884 CIT Group Inc Common Stock 125581108 18096 2600 Sole 2,600 Citigroup, Inc. Common Stock 172967101 977510.09 47660.1704 Sole 47,660 Clorox Co Common Stock 189054109 868547.26 13854.6381 Sole 13,855 CME Group Inc Common Stock 12572Q105 3360042.32 9044.285 Sole 2,839 6205 CMS Energy Corp Common Stock 125896100 71079 5700 Sole 5,700 Coach Inc Common Stock 189754104 85636.8 3420 Sole 3,420 Coca Cola Co Common Stock 191216100 881521.77 16670.2302 Sole 16,670 Cognizant Tech Solutions Cl A Common Stock 192446102 2359138.05 103335 Sole 32,533 70802 Cohen & Steers REIT & Utility Inc Fd Common Stock 19247y108 12540 1000 Sole 1,000 Colgate Palmolive Co Common Stock 194162103 4522890.37 60025.0879 Sole 33,175 26850 Colonial BancGroup Inc Common Stock 195493309 348638.81 44356.0825 Sole 44,356 Comcast Corp New Cl A Common Stock 20030N101 9932.78 506 Sole 506 Comerica Inc. Common Stock 200340107 25412.25 775 Sole 775 Companhia Vale do Rio Doce ADR Common Stock 204412209 11490 600 Sole 600 Conagra Inc Common Stock 205887102 6811 350 Sole 350 Conexant Systems Inc Common Stock 207142308 4711.75 1175 Sole 1,175 Conneticut Water Service Inc Common Stock 207797101 32568.75 1125 Sole 1,125 ConocoPhillips Common Stock 20825c104 2675048.26 36519.4302 Sole 36,519 Consolidated Edison Common Stock 209115104 107571.84 2504 Sole 2,504 Constellation Energy Common Stock 210371100 4374 180 Sole 180 Cooper Cos Inc new Common Stock 216648402 458832 13200 Sole 13,200 Corning Inc Common Stock 219350105 29716 1900 Sole 1,900 Costco Wholesale Corp Common Stock 22160K105 3123457.65 48105 Sole 24,173 23932 Covance Inc Com Common Stock 222816100 254178.75 2875 Sole 2,875 Covidien Ltd Common Stock G2552X108 995527.68 18518 Sole 18,518 CP Holders Common Stock 12616K106 7800 50 Sole 50 Cummins Inc Common Stock 231021106 26232 600 Sole 600 CVS/Caremark Corp Common Stock 126650100 417754.26 12411 Sole 12,411 Daimler Chrysler AG Common Stock d1668r123 28936.5 573 Sole 573 Danaher Corp Common Stock 235851102 131860 1900 Sole 1,900 Darden Restaurants Inc Common Stock 237194105 45435.81 1587 Sole 507 1080 Dean Foods Common Stock 242370104 41907.84 1794 Sole 1,794 Deere & Co Common Stock 244199105 196762.5 3975 Sole 3,975 Dell Inc. Common Stock 24702r101 906004.48 54976 Sole 54,976 Deluxe Corporation Common Stock 248019101 1813.14 126 Sole 126 Developers Diversified Realty Corp. REIT Common Stock 251591103 48232.18 1522 Sole 1,522 Devon Energy Corp Common Stock 25179M103 231192 2535 Sole 2,535 Diageo PLC New Spons ADR Common Stock 25243q205 2128647.96 30912.6918 Sole 30,913 DirecTV Group, Inc. Common Stock 25459l106 93200.8 3560 Sole 3,560 Discover Financial Services Common Stock 254709108 9176.48 664 Sole 664 Discovery Communications Inc Series A Common Stock 25470F104 6740.25 473 Sole 473 Discovery Communications Inc Series C Common Stock 25470F302 6697.68 473 Sole 473 Disney Common Stock 254687106 1458665.01 47529 Sole 47,529 Dominion Resources Common Stock 25746u109 153580.2 3590 Sole 3,590 Dover Corp Common Stock 260003108 83127.5 2050 Sole 2,050 Dow Chemical Common Stock 260543103 946630.86 29787 Sole 29,787 DPL Inc Common Stock 233293109 11160 450 Sole 450 Duke Energy Corp Common Stock 26441c105 178912.49 10264.6292 Sole 10,265 Duke Realty Corp REIT Common Stock 264411505 330987.1 13465.7077 Sole 13,466 Dun & Bradstreet Common Stock 26483E100 1570150.4 16640 Sole 16,640 E I Du Pont de Nemours & Co Common Stock 263534109 120083.23 2979.7327 Sole 2,980 E.ON Ag Spons ADR Common Stock 268780103 96203.8 1925 Sole 1,925 Eagle Materials Inc Common Stock 26969p108 1207.98 54 Sole 54 Eagle Rock Energy Partners LP Common Stock 26985r104 52650 5000 Sole 5,000 EBay Inc Common Stock 278642103 5057.88 226 Sole 226 Ecolab Inc Common Stock 278865100 3870103.03 79763.0467 Sole 32,898 46865 Edison Intl California Common Stock 281020107 11970 300 Sole 300 Edwards Lifesciences Corp Common Stock 28176e108 2888 50 Sole 50 Electronic Arts Common Stock 285512109 122067 3300 Sole 3,300 Eli Lilly & Co Common Stock 532457108 1912070.78 43426.5451 Sole 43,427 Embarq Corporation Common Stock 29078E105 1186695.75 29265 Sole 29,265 EMC Corp Common Stock 268648102 5618269.8 469755 Sole 284,857 184898 Emerson Electric Co Common Stock 291011104 4174947.49 102352.2308 Sole 45,168 57184 Empresa Brasileira de Aeronautica S.A. ADR Common Stock 29081m102 4051.5 150 Sole 150 Enbridge Energy Partners LP Common Stock 29250r106 23311.08 586 Sole 586 EnCana Corp. Common Stock 292505104 96951.75 1475 Sole 1,475 Enel SPA ADR Common Stock 29265w207 41365.5 5000 Sole 5,000 Energizer Holdings Inc Common Stock 29266R108 8055 100 Sole 100 Eni SPA Spons ADR Common Stock 26874r108 10590 200 Sole 200 Entergy Corp New Common Stock 29364g103 37562.22 422 Sole 422 Eog Resources Inc Common Stock 26875p101 84987 950 Sole 950 Equity Residential Common Stock 29476L107 208727 4700 Sole 4,700 Ericsson (LM) Telephone Cl B Spon ADR Common Stock 294821608 18860 2000 Sole 2,000 Estee Lauder Companies Common Stock 518439104 74865 1500 Sole 1,500 Exelon Corporation Common Stock 30161n101 270330.54 4317 Sole 4,317 Expeditors International WA Common Stock 302130109 181168 5200 Sole 5,200 Express Scripts Inc Common Stock 302182100 3613267.54 48947 Sole 22,279 26668 Exxon Mobil Corp Common Stock 30231G102 13936353.55 179453.4323 Sole 142,551 36902 Fannie Mae Common Stock 313586109 1147.5 750 Sole 750 Fastenal Company Common Stock 311900104 217316 4400 Sole 4,400 Federal Realty Invt Trust SBI Common Stock 313747206 27820 325 Sole 325 FedEx Corporation Common Stock 31428x106 135158.4 1710 Sole 1,710 Fidelity National Fincl A Common Stock 31620r105 90448.52 6152.9606 Sole 6,153 Fifth Third Bancorp Common Stock 316773100 15470 1300 Sole 1,300 First Midwest Bancorp Common Stock 320867104 21816 900 Sole 900 First Regional Bancorp Common Stock 33615c101 40625 6500 Sole 6,500 First Solar Inc Common Stock 336433107 37782 200 Sole 200 FirstEnergy Corp Common Stock 337932107 203448.63 3037 Sole 3,037 Fiserv Inc Common Stock 337738108 220038 4650 Sole 4,650 Fluor Corp Common Stock 343412102 25287.8 454 Sole 454 Focus Media Holding Limited Common Stock 34415v109 17106 600 Sole 600 Fortune Brands Inc Common Stock 349631101 205062 3575 Sole 3,575 FPL Group Common Stock 302571104 5119748.87 101784.2718 Sole 101,184 600 Franklin Res Inc Common Stock 354613101 264918.78 3006 Sole 3,006 Freddie Mac Common Stock 313400301 1410.75 825 Sole 825 Freeport-McMoran Copper & Gold Inc Common Stock 35671d857 595933.41 10482.5577 Sole 10,483 FreeSeas Inc. Common Stock y26496102 16440 4000 Sole 4,000 Fresenius Medical Care AG & Co. ADR Common Stock 358029106 7791 150 Sole 150 Frontier Communications Corp Common Stock 35906A108 39100 3400 Sole 3,400 Fuel Tech, Inc. Common Stock 027231349 5427 300 Sole 300 Fujifilm Holdings Corp. ADR Common Stock 35958N107 3897 150 Sole 150 GamesStop Corp Cl A Common Stock 36467W109 12486.65 365 Sole 365 Gannett Co Inc Common Stock 364730101 65610.8 3880 Sole 3,880 GDF Suez Spon ADR Common Stock 36160B105 13362 262 Sole 262 Genco Shipping & Trading Ltd. Common Stock 022793900 16620 500 Sole 500 Genentech Inc Common Stock 368710406 91517.76 1032 Sole 1,032 General Dynamics Corp Common Stock 369550108 3573882.9 48545 Sole 47,945 600 General Electric Co Common Stock 369604103 7962609.94 312259.2135 Sole 307,816 4442.914 General Growth Prop REIT Common Stock 370021107 77118.15 5107.1622 Sole 5,107 General Mills Common Stock 370334104 526189.04 7657 Sole 6,175 1482 Gentex Corp Common Stock 371901109 108680 7600 Sole 7,600 Genworth Finl Inc Com CL A Common Stock 37247D106 24108 2800 Sole 2,800 Genzyme Corp Common Stock 372917104 97068 1200 Sole 0 1200 GFI Group Inc. Common Stock 361652209 1884 400 Sole 400 Gilead Sciences Incorporated Common Stock 375558103 6863664.6 150420 Sole 88,741 61679 GlaxoSmithKline PLC Common Stock 37733w105 117559.3 2705 Sole 1,705 1000 Goldman Sachs Group Common Stock 38141G104 1634000.45 12765.6285 Sole 12,766 Google Inc CL A Common Stock 38259P508 1747068.24 4362 Sole 2,609 1753 Graco Inc Com Common Stock 384109104 99708 2800 Sole 2,800 Halliburton Co Holdings Co Common Stock 406216101 16195 500 Sole 500 Hanesbrands, Inc Common Stock 410345102 7460.25 343 Sole 343 Harley Davidson Inc Common Stock 412822108 209439.5 5615 Sole 5,615 Harman International Industries Inc Common Stock 413086109 22145.5 650 Sole 650 Hartford Finl Svcs Group Common Stock 416515104 4099 100 Sole 100 HCC Insurance Holdings Common Stock 404132102 101250 3750 Sole 3,750 Headwaters Incorp. Common Stock 42210p102 15686.25 1175 Sole 1,175 Health Management Assocs Inc A Common Stock 421933102 1768 425 Sole 425 Heinz, H J Common Stock 423074103 80119.27 1603.3474 Sole 1,603 Helmerich and Payne Common Stock 423452101 73423 1700 Sole 1,700 Hersha Hospitality Trust Common Stock 427825104 14880 2000 Sole 2,000 Hershey Company Common Stock 427866108 461124.03 11662.2162 Sole 11,262 400 Hewlett Packard Co Common Stock 428236103 121241.28 2622 Sole 2,622 Home Depot Inc Common Stock 437076102 132227.6 5107.2847 Sole 5,107 Honeywell Intl Inc Common Stock 438516106 209827.5 5050 Sole 5,050 Hospira Inc Common Stock 441060100 12453.2 326 Sole 326 Host Hotels & Resorts Inc REIT Common Stock 44107p104 19935 1500 Sole 1,500 HSBC Holdings PLC Spon ADR New Common Stock 404280406 748566.63 9261 Sole 9,261 Huaneng Pwr Intl Inc Spons ADR Ser N Shs Common Stock 443304100 15972 600 Sole 600 Iberdrola S A ADR Common Stock 450737101 549784.3 13705.0001 Sole 13,705 ICICI Bank LTD Spons ADR Common Stock 45104G104 4704 200 Sole 200 Idex Corp Common Stock 45167r104 122529 3950 Sole 3,950 Idexx Labs Inc Common Stock 45168d104 301400 5500 Sole 5,500 Illinois Tool Works Inc Common Stock 452308109 8776317.82 197442.4706 Sole 138,094 59348 Imation Corp Common Stock 45245a107 7567.65 335 Sole 335 Inland Real Estate Corp Common Stock 457461200 31395.69 2001 Sole 2,001 Integrys Energy Group Inc Common Stock 45822P105 6142.62 123 Sole 123 Intel Corp Common Stock 458140100 1324777.77 70730.2601 Sole 70,730 International Business Machines Common Stock 459200101 4707108.11 40245.4524 Sole 13,197 27048.45 Int'l Game Tech Common Stock 459902102 74733 4350 Sole 4,350 Intuitive Surgical Inc Common Stock 46120E602 54220.5 225 Sole 225 ITT Industries Common Stock 450911102 80634.5 1450 Sole 1,450 J M Smucker Company New Common Stock 832696405 60981.22 1203.0226 Sole 1,203 J P Morgan Chase & Co Common Stock 46625H100 2558481.02 54785.4609 Sole 54,785 Jacobs Engineering Group Inc Common Stock 469814107 51594.5 950 Sole 950 Janus Cap Group Inc Common Stock 47102x105 1359364.36 55987 Sole 55,987 JMAR Technologies Inc Common Stock 466212107 5895.6 49130 Sole 49,130 Jo-Ann Stores Inc Common Stock 47758p307 10490 500 Sole 500 Johnson & Johnson Common Stock 478160104 10646935.3 153679.782 Sole 149,880 3800 Johnson Controls Inc Common Stock 478366107 4095089.22 135017.7783 Sole 56,179 78839 Joy Global Inc Common Stock 481165108 72224 1600 Sole 1,600 Kadant Inc Common Stock 48282t104 2891.79 127 Sole 127 Kansas City Southern Common Stock 485170302 4436 100 Sole 100 Kellogg Company Common Stock 487836108 208411.5 3715 Sole 3,715 Keycorp New Common Stock 493267108 19104 1600 Sole 1,600 Kilroy Realty Corp Common Stock 49427f108 47790 1000 Sole 0 1000 Kimberly Clark Corp Common Stock 494368103 498749.28 7692 Sole 7,692 Kimco Realty Corp REIT Common Stock 49446r109 630491.92 17068 Sole 17,068 Kinder Morgan Energy L.P. Common Stock 494550106 203239.19 3906.1924 Sole 3,906 KLA-Tencor Corp Common Stock 482480100 13419.6 424 Sole 424 Kohls Corp Common Stock 500255104 163584 3550 Sole 3,550 Koninklijke El Spadr Philips Electronics Common Stock 500472204 4087.5 150 Sole 150 Korea Elec Pwr Spons ADR Common Stock 500631106 4336.5 350 Sole 350 Kraft Foods Inc Cl A Common Stock 50075N104 223715.25 6831 Sole 6,831 KT Corp ADR Common Stock 48268k101 4197.5 250 Sole 250 L-3 Communications Common Stock 502424104 49160 500 Sole 500 Laboratory Corp of America Holdings Common Stock 50540R409 27800 400 Sole 400 Laclede Group, Inc. Common Stock 505597104 10764.78 222 Sole 222 Landstar System Inc Common Stock 515098101 57278 1300 Sole 1,300 Layne Christensen Company Common Stock 521050104 291659.76 8232 Sole 8,232 Legg Mason Common Stock 524901105 20933 550 Sole 550 Liberty Global Inc Cl A Common Stock 530555101 14331.9 473 Sole 473 Liberty Global Inc Cl C Common Stock 530555309 13286.57 473 Sole 473 Liberty Media Corp Capital Ser A Common Stock 53071M302 6328.74 473 Sole 473 Liberty Media Corp Entertainment Ser A Common Stock 53071M500 47243.24 1892 Sole 1,892 Liberty Media Corp Interactive Ser A Common Stock 53071M104 30545.06 2366 Sole 2,366 Limited Brands Inc Common Stock 532716107 2268.92 131 Sole 131 Lincoln Nat'l Corp Ind NPV Common Stock 534187109 102744 2400 Sole 2,400 Linear Technology Corp Common Stock 535678106 352590 11500 Sole 11,500 Lockheed Martin Corp Common Stock 539830109 435389.9 3970 Sole 3,970 Lowes Cos Inc Common Stock 548661107 4160650.91 175628.9957 Sole 79,356 96273 Lubrizol Corp Common Stock 549271104 5780.76 134 Sole 134 Macy's Inc. Common Stock 55616P104 5573.8 310 Sole 310 Manitowoc Company Common Stock 563571108 17885.96 1150.2227 Sole 1,150 Manulife Financial Corp Common Stock 56501R106 52980.36 1444 Sole 530 914 Marathon Oil Corp Common Stock 565849106 154324.91 3870.7025 Sole 3,871 Marriott Int'l Inc Cl A Common Stock 571903202 302043.93 11577 Sole 10,577 1000 Marsh & McLennan Cos Common Stock 571748102 142920 4500 Sole 4,500 Marshall & Ilsley Corp New Common Stock 571837103 12090 600 Sole 600 Masco Corp Common Stock 574599106 249993.9 13935 Sole 13,935 MasterCard Inc Common Stock 57636Q104 491204.1 2770 Sole 2,770 McAfee Inc Common Stock 579064106 3803.52 112 Sole 112 McCormick & Company Inc NON VTG Common Stock 579780206 2118939.05 55108.9481 Sole 55,109 McDonalds Corp Common Stock 580135101 2189547.9 35487 Sole 35,487 McGraw Hill Co Common Stock 580645109 1756346.43 55563 Sole 54,763 800 McKesson Corp Common Stock 58155q103 107620 2000 Sole 2,000 Medco Health Solutions Common Stock 58405U102 104940 2332 Sole 2,044 288 Medtronic Inc Common Stock 585055106 1519983.9 30339 Sole 30,339 MEMC Electronic Materials Common Stock 552715104 1048559.04 37104 Sole 37,104 Merck & Co Common Stock 589331107 178471.8 5655 Sole 4,455 1200 Meredith Corp Com Common Stock 589433101 7010 250 Sole 250 Merrill Lynch Common Stock 590188108 1835345.42 72543.2972 Sole 71,818 725 Metavante Technologies Inc. Common Stock 591407101 3852 200 Sole 200 MetLife Inc Common Stock 59156r108 5600 100 Sole 100 Mettler Toledo Intl Inc Common Stock 592688105 39200 400 Sole 400 Microchip Technology Inc Common Stock 595017104 153036 5200 Sole 5,200 Micros Systems Inc Common Stock 594901100 125941.84 4724 Sole 4,724 Microsoft Corp Common Stock 594918104 9182307.86 344035.5138 Sole 342,206 1830 Mindray Medical Intl Ltd ADR Common Stock 602675100 20238 600 Sole 600 Mobile Mini Inc Common Stock 60740f105 115980 6000 Sole 0 6000 Mohawk Inds Inc Common Stock 608190104 80868 1200 Sole 1,200 Molex Incorporated Cl A Common Stock 608554200 5244.12 252 Sole 252 Monsanto Co New Common Stock 61166w101 88092.2 890 Sole 890 Moody's Corp Common Stock 615369105 1469854 43231 Sole 43,231 Morgan Stanley Common Stock 617446448 88573 3851 Sole 3,851 Motorola Inc Common Stock 620076109 14351.4 2010 Sole 2,010 MSC Industrial Direct Co-A Common Stock 553530106 188887 4100 Sole 4,100 Murphy Oil Corp Common Stock 626717102 80175 1250 Sole 1,250 Nasdaq Stock Market Inc Common Stock 631103108 9171 300 Sole 300 National City Corp Common Stock 635405103 26425 15100 Sole 15,100 National Fuel Gas Common Stock 636180101 258563.4 6130 Sole 6,130 National Instruments Corp Common Stock 636518102 470282.5 15650 Sole 15,650 National Oilwell Varco Com Common Stock 637071101 40184 800 Sole 800 National Retail Properties Inc Common Stock 637417106 20357.5 850 Sole 850 National Semiconductor Com Common Stock 637640103 3442 200 Sole 200 Nektar Therapeutics Common Stock 640268108 2872 800 Sole 800 Nestle SA ADR Common Stock 641069406 1434014.6 33388 Sole 32,888 500 NetApp Inc Common Stock 64110D104 446671.46 24502 Sole 24,502 New Jersey Resources Corp Common Stock 646025106 48451.5 1350 Sole 1,350 Newmont Mining Corporation Common Stock 651639106 3876 100 Sole 100 News Corp Cl A Common Stock 65248E104 11990 1000 Sole 1,000 NICOR Inc Common Stock 654086107 17828.7 402 Sole 402 Nike Inc, Class B Common Stock 654106103 639831.6 9564 Sole 9,564 Nisource Common Stock 65473p105 17712 1200 Sole 1,200 Noble Energy Inc Common Stock 655044105 111180 2000 Sole 2,000 Nokia ADR Common Stock 654902204 22753 1220 Sole 1,220 Nordstrom Inc Common Stock 655664100 72799.32 2526 Sole 2,526 Norfolk Southern Corp Common Stock 655844108 611518.96 9236.0513 Sole 9,236 Northern Trust Common Stock 665859104 1408342.5 19506.1288 Sole 19,506 Northwest Natural Gas Company Common Stock 667655104 15600 300 Sole 300 Novartis AG ADS Common Stock 66987v109 1678145.56 31759 Sole 31,759 Nucor Corp Com Common Stock 670346105 114550 2900 Sole 2,900 NYSE Euronext Common Stock 629491101 25271.1 645 Sole 645 Occidental Petroleum Common Stock 674599105 3278883.9 46542 Sole 16,498 30044 Oceaneering International, Inc. Common Stock 675232102 13330 250 Sole 250 Old Republic Intl Corp Common Stock 680223104 97206 7624 Sole 7,624 Old Second Bancorp, Inc Common Stock 680277100 55560 3000 Sole 3,000 Omnicom Group Common Stock 681919106 2969929.76 77021 Sole 23,262 53759 Oneok Inc Common Stock 682680103 12040 350 Sole 350 Oracle Corp Common Stock 68389x105 239698.62 11802 Sole 11,802 Oshkosh Truck Corp Com Common Stock 688239201 14805 1125 Sole 1,125 Quigley Corp Common Stock 74838l304 1008 200 Sole 200 Owens & Minor Inc. Common Stock 690732102 67900 1400 Sole 1,400 Pactiv Corp Common Stock 695257105 166981.75 6725 Sole 6,725 Pall Corp Common Stock 696429307 3439 100 Sole 100 Panera Bread Company Cl A Common Stock 69840W108 206145 4050 Sole 4,050 Parker Hannifin Corp Common Stock 701094104 235850 4450 Sole 4,450 Patriot Coal Corp Common Stock 70336t104 1162 40 Sole 40 Patterson Companies Inc. Common Stock 703395103 317480.4 10440 Sole 10,440 PayChex Inc Common Stock 704326107 270350.55 8185 Sole 8,185 Peabody Energy Corp Common Stock 704549104 9000 200 Sole 200 Pentair Inc Common Stock 709631105 17285 500 Sole 500 Pepco Holdings Inc Common Stock 713291102 18373.82 802 Sole 802 PepsiCo Inc Common Stock 713448108 11145773.64 156388.0124 Sole 129,802 26586 Petroleo Brasileiro S.A. - ADR Common Stock 71654V408 21975 500 Sole 500 Petroleum & Resources Corporation Common Stock 716549100 11867.04 402 Sole 402 Pfizer Common Stock 717081103 419200.09 22733.1938 Sole 22,733 Philip Morris International Common Stock 718172109 878161.7 18257 Sole 17,657 600 PICO Holdings Inc Common Stock 693366205 13466.25 375 Sole 375 Piedmont Natural Gas Inc Common Stock 720186105 1453191.3 45469.0644 Sole 43,869 1600 Pioneer Natural Resources Common Stock 723787107 21434.8 410 Sole 410 Piper Jaffray Companies Common Stock 724078100 4541.25 105 Sole 105 Pitney Bowes Inc Common Stock 724479100 13304 400 Sole 400 Plum Creek Timber Co Common Stock 729251108 87005.7 1745 Sole 1,745 PMI Group Common Stock 69344m101 3540 1200 Sole 1,200 PNC Fincl Services Group Common Stock 693475105 289313.1 3873 Sole 3,873 Portfolio Recovery Assn Common Stock 73640Q105 53493 1100 Sole 1,100 Potash Corp Common Stock 73755L107 9768.74 74 Sole 74 PPG Industries Inc Common Stock 693506107 137746.84 2361.9142 Sole 2,362 PPL Corp Common Stock 69351t106 29616 800 Sole 800 Praxair Inc Common Stock 74005P104 4832018.52 67354.5932 Sole 49,327 18028 Principal Financial Group Inc Common Stock 74251V102 5653.7 130 Sole 130 PrivateBancorp Inc Common Stock 742962103 20830 500 Sole 500 Procter & Gamble Co Common Stock 742718109 8137181.71 116762.5443 Sole 114,763 2000 Progress Energy Inc Common Stock 743263105 158840.75 3682.8367 Sole 3,683 Prudential Financial Inc. Common Stock 744320102 5400 75 Sole 75 Psychiatric Solutions Common Stock 74439h108 426937.5 11250 Sole 11,250 Public Service Enterprise Group Inc. Common Stock 744573106 11345.34 346 Sole 346 Qlogic Corp Common Stock 747277101 19200 1250 Sole 1,250 Qualcomm Inc Common Stock 747525103 7284712.54 169530.1963 Sole 91,780 77750 Rayonier Inc Common Stock 754907103 260093.55 5493 Sole 5,493 Raytheon Company Common Stock 755111507 14394.19 269 Sole 269 Realty Income Corporation Common Stock 756109104 85760 3350 Sole 3,350 Regions Financial Corp. Common Stock 7591ep100 25776 2685 Sole 2,685 Research In Motion Ltd COM Common Stock 760975102 3415 50 Sole 50 Resmed Inc Common Stock 761152107 440750 10250 Sole 10,250 Rio Tinto PLC Spons ADR Common Stock 767204100 24950 100 Sole 100 Rockwell Automation Inc. Common Stock 773903109 265289.1 7104.6893 Sole -42,096 49201 Rockwell Collins Common Stock 774341101 5756405.41 119700.6739 Sole 119,701 Rohm and Haas Common Stock 775371107 23150.14 331 Sole 331 Royal Caribbean Cruises Ltd. Common Stock 010775124 39425 1900 Sole 1,900 Royal Dutch Shell PLC ADR A Common Stock 780259206 596591.1 10110 Sole 10,110 Royal Dutch Shell PLC ADR B Common Stock 780259107 29515.53 517 Sole 517 RPM Intl Inc Common Stock 749685103 1712177.14 88530.359 Sole 87,630 900 Sandisk Corp Common Stock 80004C101 9286.25 475 Sole 475 SAP Akgsltt Spons ADR Common Stock 803054204 8014.5 150 Sole 150 Sara Lee Corp Common Stock 803111103 32863.26 2602 Sole 2,602 Sasol Ltd Spon ADR Common Stock 803866300 22307.25 525 Sole 525 Schein Henry Inc Com Common Stock 806407102 10768 200 Sole 200 Schering Plough Corp Common Stock 806605101 40634 2200 Sole 2,200 Schlumberger Ltd Common Stock 806857108 4940676.21 63269 Sole 29,180 34089 Scientific Games Corp - A Common Stock 80874P109 194519 8450 Sole 8,450 Scotts Miracle Gro Co CL A Common Stock 810186106 37824 1600 Sole 1,600 Scripps Networks Interactive Cl A Common Stock 811065101 137070.25 3775 Sole 3,775 Sealed Air Corp. Common Stock 81211K100 3342.48 152 Sole 152 Sempra Energy Common Stock 816851109 22761.97 451 Sole 451 Sherwin Williams Co Common Stock 824348106 40012 700 Sole 700 Ship Finance International Ltd. Common Stock G81075106 24039.4 1115 Sole 1,115 Silver Standard Resources Inc. Common Stock 82823l106 33060 2000 Sole 2,000 Simon Property Group Common Stock 828806109 157528 1624 Sole 1,624 Skyworks Solutions Common Stock 83088m102 27295.4 3265 Sole 3,265 SLM Holding Corp Common Stock 78442P106 2468 200 Sole 200 Snap On Common Stock 833034101 157980 3000 Sole 3,000 Sonoco Products Common Stock 835495102 23744 800 Sole 800 Southern Co Common Stock 842587107 551865.1 14642.2155 Sole 14,642 Southwest Airlines Common Stock 844741108 45706.5 3150 Sole 3,150 Sowest Gas Common Stock 844895102 196690 6500 Sole 6,500 Spectra Energy Corp Common Stock 847560109 65354.8 2746 Sole 2,746 St Joe Company Common Stock 790148100 1572590.7 40230 Sole 40,230 St. Jude Medical Common Stock 790849103 26094 600 Sole 600 Staples Inc Common Stock 855030102 989767.08 43989.6479 Sole 42,190 1800 Starbucks Corporation Common Stock 855244109 254529.79 17117 Sole 17,117 State Street Corp Common Stock 857477103 4855867.15 85370.3788 Sole 55,159 30211 StatoilHydro ASA Spon ADR Common Stock 85771P102 68626.92 2883.4839 Sole 2,883 Steel Dynamics Inc Common Stock 858119100 17090 1000 Sole 1,000 Stericycle Inc Common Stock 858912108 459498 7800 Sole 7,800 Stora Enso Oyj Spons ADR Common Stock 86210m106 5276.37 550 Sole 550 Stryker Corp Common Stock 863667101 5334998.2 85634 Sole 42,441 43193 Sun Life Financial Inc Common Stock 866796105 36395.73 1029 Sole 1,029 Sun Microsystems Inc Common Stock 866810203 18475.6 2431 Sole 2,431 Suncor Energy Inc Com Common Stock 867229106 758176.2 17991.8414 Sole 17,992 Sunpower Corp Cl A Common Stock 867652109 12767.4 180 Sole 180 Suntech Power Holdings Co Ltd ADR Common Stock 86800c104 136306 3800 Sole 3,800 Suntrust Banks Inc Common Stock 867914103 64335.7 1430 Sole 1,430 Swisscom AG ADR Common Stock 871013108 3127 106 Sole 106 Symantec Corp Common Stock 871503108 9790 500 Sole 500 Syngenta AG ADS Common Stock 87160a100 60520.97 1430.0796 Sole 1,430 Sysco Corporation Common Stock 871829107 482027.05 15635 Sole 15,635 T Rowe Price Group Inc Common Stock 74144t108 2464322.22 45882 Sole 20,411 25471 Taiwan Semiconductor Mfg Co ADR Spons Common Stock 874039100 40159.82 4286 Sole 4,286 Tamalpais Bancorp Common Stock 87485H103 93487.5 7500 Sole 7,500 Target Corporation Common Stock 87612E106 7503589.74 152978.3841 Sole 106,765 46213.76 TCF Financial Corp Common Stock 872275102 196200 10900 Sole 10,900 Teco Energy Common Stock 872375100 2752.75 175 Sole 175 Telecom Italia SPA Spons ADR Common Stock 87927y201 2270 200 Sole 200 Telefonica Sa Spain ADR Common Stock 879382208 7220.49 101 Sole 101 Telefonos De Mexico Common Stock 879403780 5150 200 Sole 200 Telefonos De Mexico Sa Spons ADR Common Stock 879403707 5014.8 200 Sole 200 Tellabs Inc Common Stock 879664100 1421 350 Sole 350 Telmex Intl Sav ADR SR A Common Stock 879690204 2550 200 Sole 200 Telmex Intl Sav ADR SR L Common Stock 879690105 2600 200 Sole 200 Telstra Corporation Ltd. Common Stock 87969n204 32971.8 2000 Sole 2,000 Teppco Partners L.P. Common Stock 872384102 105826.5 4050 Sole 4,050 Teva Pharmaceutical Common Stock 881624209 1046576.24 22856 Sole 22,856 Texas Instruments Corp Common Stock 882508104 1144673.88 53240.6457 Sole 47,591 5650 Textron Inc Common Stock 883203101 12121.92 414 Sole 414 TFS FInancial Corp Common Stock 87240r107 150240 12000 Sole 12,000 The Mosaic Company Common Stock 61945a107 10203 150 Sole 150 The Standard Register Company Common Stock 853887107 9850 1000 Sole 1,000 Thermo Electron Common Stock 883556102 41250 750 Sole 750 Tidewater Inc Common Stock 886423102 166080 3000 Sole 3,000 Time Warner Inc Common Stock 887317105 43866.06 3346 Sole 3,346 Toll Brothers Common Stock 889478103 65598 2600 Sole 2,600 Total SA Spons ADR Common Stock 89151e109 154734 2550 Sole 2,550 Toyota Motor Corp. - Spon ADR Common Stock 892331307 27885 325 Sole 325 Tractor Supply Company Common Stock 892356106 182917.5 4350 Sole 4,350 Transocean Inc Common Stock g90073100 587094.8 5345 Sole 5,345 Travelers Cos Inc Common Stock 89417E109 19164.8 424 Sole 424 Tyco Electronics Ltd Common Stock G9144P105 874360.26 31611 Sole 31,611 Tyco Intl Ltd Common Stock G9143X208 808191.56 23078 Sole 23,078 Tyson Foods Inc Cl A Common Stock 902494103 32238 2700 Sole 0 2700 U. S. Bancorp Common Stock 902973304 5224116.5 145033.7729 Sole 143,397 1637 Ultra Petroleum Corp. Common Stock 903914109 29053.5 525 Sole 525 Unilever NV New Common Stock 904784709 3041.28 108 Sole 108 Unilever PLC ADR Spon Common Stock 904767704 41277.57 1517 Sole 1,517 Union Pacific Corp Common Stock 907818108 276100.8 3880 Sole 3,880 United Parcel Service Inc Cl B Common Stock 911312106 61317.75 975 Sole 975 United Technologies Corp Common Stock 913017109 473753.28 7888 Sole 7,888 Unitedhealth Group Inc Common Stock 91324P102 523160.95 20605 Sole 20,605 USG Corp Common Stock 903293405 713395.2 27867 Sole 27,867 UST Inc Common Stock 902911106 6654 100 Sole 100 V F Corporation Common Stock 918204108 142636.95 1845 Sole 1,845 Valero Energy Corp Common Stock 91913y100 17271 570 Sole 570 Vectren Corp Indiana Common Stock 92240G101 91905 3300 Sole 3,300 Verasun Energy Corp Common Stock 92335g106 18780 6000 Sole 6,000 Verizon Communications Common Stock 92343v104 372596.99 11611 Sole 11,611 Viacom Inc New Class B Common Stock 92553p201 15326.28 617 Sole 617 Vimpel-Communications Spon ADR Common Stock 68370r109 11165 550 Sole 550 Visa Inc Cl A Common Stock 92826c839 159645.38 2600.5112 Sole 2,601 VisionChina Media Inc Common Stock 92833u103 17652 1200 Sole 1,200 Vodafone Group PLC Common Stock 92857w209 645806.2 29222 Sole 29,222 Vulcan Materials Co Common Stock 929160109 74500 1000 Sole 1,000 W.W. Grainger Corp Common Stock 384802104 8697 100 Sole 100 Wachovia Corp Common Stock 929903102 127075.22 36307.2066 Sole 36,307 Walgreen Company Common Stock 931422109 5759710.34 186037.1558 Sole 183,689 2348.623 Wal-Mart De Mexico SA Common Stock 93114w107 3423.01 100 Sole 100 Wal-Mart Stores Common Stock 931142103 317417 5300 Sole 5,300 Warnaco Group, Inc. Common Stock 934390402 18116 400 Sole 400 Washington Real Estate Investment Trust Common Stock 939653101 90659.25 2475 Sole 2,475 Waste Management I PLC Common Stock 94106l109 37788 1200 Sole 1,200 Watsco, Inc. Common Stock 942622200 387156 7700 Sole 7,700 Weatherford Intl Ltd Common Stock G95089101 1042832.34 41481 Sole 41,481 Weingarten Realty Investors REIT Common Stock 948741103 224613.99 6297 Sole 6,297 Wellpoint Inc Common Stock 94973v107 29745.72 636 Sole 636 Wells Fargo & Co Common Stock 949746101 6230646.05 166017.7472 Sole 95,045 70973 Western Gas Partners LP Common Stock 958254104 42240 3200 Sole 3,200 Western Union Co. Common Stock 959802109 46873 1900 Sole 1,900 Weyerhaeuser Co Common Stock 962166104 132064.4 2180 Sole 2,180 WGL Holdings Inc Common Stock 92924f106 77750.2 2396 Sole 2,396 Whirlpool Corp Common Stock 963320106 23787 300 Sole 300 Whitney Holding Corp Common Stock 966612103 121250 5000 Sole 5,000 Whole Foods Market Common Stock 966837106 438156.25 21875 Sole 21,875 Williams Cos Inc Common Stock 969457100 47300 2000 Sole 2,000 Wilmington Trust Corp Common Stock 971807102 1885321.41 65394.4297 Sole 64,144 1250 Windstream Corp Common Stock 97381W104 2395.86 219 Sole 219 Wintrust Finl Corp Common Stock 97650W108 22012.5 750 Sole 750 Wrigley Wm Jr Company Common Stock 982526105 430719.35 5424.6769 Sole 5,425 Wrigley Wm Jr Company Cl B Common Stock 982526204 17872.73 226.2371 Sole 226 Wyeth Common Stock 983024100 609510 16500 Sole 16,500 Xcel Energy Inc Common Stock 98389b100 73223.37 3663 Sole 3,663 Xilinx Inc Common Stock 983919101 7035 300 Sole 300 XTO Energy Inc Common Stock 98385x106 116300 2500 Sole 2,500 Yahoo Inc Common Stock 984332106 8650 500 Sole 500 Yum Brands Inc Common Stock 988498101 26414.1 810 Sole 810 Zebra Technologies Corp. Cl A Common Stock 989207105 167796.25 6025 Sole 6,025 Zimmer Holdings Inc. Common Stock 98956p102 85219.2 1320 Sole 1,320 Ford Cap Trst II 6.5% Conv Pfd Convertible Pfd 345395206 4620 300 Sole 300 ABN Amro Cap Fd Tr VII 6.08% noncum pfd Preferred Stock 00372q201 83077.75 10150 Sole 10,150 American Financial Grp 7.125% call 2/3/09 Preferred Stock 025932203 11691.09 900 Sole 900 American Internationl Group 7.7% pfd Preferred Stock 026874859 5209 1000 Sole 1,000 BAC Cap Trst III 7.0% pf callable 12/11/07 Preferred Stock 05518E202 15280 800 Sole 800 Bac Cap Trust IV 5.875% 5/03/33 Ser pfd Preferred Stock 055185201 211048 12400 Sole 12,400 BAC Cap Trust X 6.25% pfd Callable 3/29/11 Preferred Stock 055189203 43680 2100 Sole 2,100 BAC Capital Trust II 7.% pfd call 10/07 Preferred Stock 055188205 63040 3200 Sole 3,200 Bank One Capital Tr VI 7.2% pfd call 5/08 Preferred Stock 06423W204 16800 840 Sole 840 BNY Capital V 5.95% Series F pfd call 5/08 Preferred Stock 09656h209 187254 10300 Sole 10,300 Citigroup Cap X 6.1% pfd callable 9/30/08 Preferred Stock 173064205 56490 4200 Sole 4,200 Citigroup Capital Trust IX 6% Pfd Preferred Stock 173066200 194320 14000 Sole 14,000 Citigroup Capital VIII 6.95% cum pfd Preferred Stock 17306R204 33196 2000 Sole 2,000 Fannie Mae Series 2008 8.75% conv pfd Preferred Stock 313586745 11500 4600 Sole 4,600 Finl Security Assur Hlgs 5.6% pfd Preferred Stock 31769P605 6986 1400 Sole 1,400 General Electric Cap 6.45% pfd call 2011 Preferred Stock 369622477 43640 2000 Sole 2,000 General Electric Capital 5.875% pfd Preferred Stock 369622493 127272.9 6366.8605 Sole 6,367 General Electric Capital 6.625% pfd Preferred Stock 369622527 72320 3200 Sole 3,200 GMAC LLC 7.25% pfd 2033 call 2/2008 Preferred Stock 36186C400 8204 1000 Sole 1,000 GMAC LLC 7.35% pfd 08/08/32 call 8/07 Preferred Stock 36186c301 135300 16500 Sole 16,500 GMAC LLC 7.375% pfd 2044 call 12/2009 Preferred Stock 36186C509 61500 7500 Sole 7,500 Harris Pfd Cap 7.375% Non-Cum Ser A Preferred Stock 414567206 23464 1400 Sole 1,400 HSBC Finance Corp 6% pfd call 11/08 Preferred Stock 40429c300 53760 3000 Sole 3,000 HSBC Holdings PLC 6.2% Ser A pfd Preferred Stock 404280604 10500 600 Sole 600 ING Groep NV 7.05% pfd call 9/15/07 Preferred Stock 456837202 2622 200 Sole 200 JP Morgan Chase Cap X Tr Pfd 7% Preferred Stock 46623D200 235198 10226 Sole 10,226 JP Morgan Chase Cap XI 5.875% Pfd Preferred Stock 46626V207 126560 7000 Sole 7,000 JP Morgan Chase Cap XIV 6.20% pfd Preferred Stock 48122f207 19710 1000 Sole 1,000 JP Morgan Chase Cap XVI 6.35% Pfd Preferred Stock 481228203 101050 5000 Sole 5,000 JPM Chase Capital XXVI 8% Pfd Call 5/15/13 Preferred Stock 48124G104 19344 800 Sole 800 Keycorp Capital V Pfd 5.875% Preferred Stock 49327j200 4860 600 Sole 600 MBNA Capital D 8.125% cum pfd Preferred Stock 55266J200 141784 7400 Sole 7,400 Merrill Lynch Pfd Cap Trust V 7.28% Preferred Stock 59021k205 40252.8 2800 Sole 2,800 ML Pfd Cap Trst III 7.0% pfd call 3/30/08 Preferred Stock 59021F206 11600 800 Sole 800 Morgan Stanley Cap III 6.25% Call 5/05/08 Preferred Stock 617460209 113680 9800 Sole 9,800 Morgan Stanley Cap IV 6.25% Call 4/21/08 Preferred Stock 617462205 11510 1000 Sole 1,000 Morgan Stanley Cap Tr V 5.75% Pfd. Preferred Stock 617466206 34827.27 3218.7865 Sole 3,219 Morgan Stanley Cap Tr VI 6.60% Call 2/1/11 Preferred Stock 617461207 11800 1000 Sole 1,000 Morgan Stanley Cap VII Tr 6.60% cum pfd Preferred Stock 61750K208 86505 7300 Sole 7,300 Preferred Plus Trst GEC-1 6.05% pfd Preferred Stock 740434642 11280 600 Sole 600 Protective Life Corp. 7.25% pfd Callable Preferred Stock 743674400 16680 1200 Sole 1,200 Repsol Intl Capital Ltd 7.45% Ser A Preferred Stock G7513K103 44954 2000 Sole 2,000 Royal Bank of Scot PLC Ser F 8.50% nc pfd Preferred Stock 780097804 4585.99 352.7686 Sole 353 Royal Bnk of Scot PLC 5.75% Series L pfd Preferred Stock 780097788 24570 2700 Sole 2,700 Saturns - GS 5.75% pfd Preferred Stock 80411U207 7900 500 Sole 500 USB Cap VII 5.875% pfd Callable 8/15/10 Preferred Stock 903301208 874475 46025 Sole 46,025 USB Capital VIII 6.35% cum pfd Preferred Stock 903307205 51410 2650 Sole 2,650 USB Capital XI 6.6% cum pfd Preferred Stock 903300200 1980 100 Sole 100 Wells Fargo Cap IX 5.625% pfd call 4/09 Preferred Stock 94979p203 60640 3200 Sole 3,200 Wells Fargo Cap Trust IV 7.00% pfd Preferred Stock 94976Y207 69300 3150 Sole 3,150 Wells Fargo Cap VII 5.85% pfd call 5/08 Preferred Stock 94979B204 304920 16800 Sole 16,800 Wells Fargo Cap VIII 5.625% pfd call 7/08 Preferred Stock 94979d200 39660 2000 Sole 2,000
-----END PRIVACY-ENHANCED MESSAGE-----