UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE

Report for the Quarter Ended: September 30, 2011
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:		Harbour Investment Management, L.L.C.
	Address:	2722 Colby Ave Suite 520
			Everett, WA 98201

	13F File Number:028-10605

The institutional investment manager filing this report
and the person by whom it is signed herby 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 submission.

Person Signing this Report on Behalf of Reporting Manager:

Name:		Erika L. Hill, CFA
Title:		Chief Compliance Officer
Phone:		425-742-1557
Signature,		Place,		and Date of Signing:
Erika L. Hill		Everett, WA	November 4, 2011
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:		0
Form 13F Information Table Entry Total:		73
Form 13F Information Table Value Total:		102932 (X$1000)

List of Other Included Managers:		NONE



															
FORM 13F INFORMATION TABLE

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

3M CO			COM		88579Y101	1846	25710	SH		SOLE		24535		1175
ABB Ltd			COM		000375204	908	53175	SH		SOLE		49775		3400
Abbott Laboratories	COM		002824100	1934	37816	SH		SOLE		35766		2050
Air Products & Chem	COM		009158106	934	12225	SH		SOLE		11725		500
Allergan Inc		COM		018490102	1080	13105	SH		SOLE		12405		700
AstraZeneca PLC		COM		046353108	1392	31375	SH		SOLE		30475		900
AT&T			COM		00206R102	267	9375	SH		SOLE		9375
Automatic Data		COM		053015103	2473	52460	SH		SOLE		49310		3150
Becton, Dickinson	COM		075887109	1002	13670	SH		SOLE		13020		650
Berkshire Hathaway B	COM		084670207	2595	36530	SH		SOLE		34530		2000
Blackrock Inc		COM		09247X101	780	5270	SH		SOLE		5000		270
Boeing Company		COM		097023105	326	5384	SH		SOLE		5384
Canon Inc		COM		138006309	2120	46835	SH		SOLE		44435		2400
Cenovus Energy Inc	COM		15135U109	831	27060	SH		SOLE		25605		1455
Chevron	Corp		COM		166764100	215	2318	SH		SOLE		2318
Cisco Systems		COM		17275r102	1210	78057	SH		SOLE		74097		3960
Coca Cola		COM		191216100	2876	42575	SH		SOLE		40175		2400
Colgate-Palmolive	COM		194162103	606	6835	SH		SOLE		6505		330
ConocoPhillips		COM		20825c104	1417	22371	SH		SOLE		20891		1480
Consolidated Edison	COM		209115104	2867	50280	SH		SOLE		47580		2700
Costco Wholesale	COM		22160k105	3204	39015	SH		SOLE		36865		2150
Daktronics Inc		COM		234264109	342	39900	SH		SOLE		39200		700
Danaher Inc		COM		235851102	312	7440	SH		SOLE		7440
EMC Corp		COM		268648102	1829	87160	SH		SOLE		82860		4300
Emerson Electric	COM		291011104	1470	35590	SH		SOLE		33880		1710
Encana Corp		COM		292505104	547	28481	SH		SOLE		26951		1530
Expeditors Intl Wash	COM		302130109	809	19945	SH		SOLE		18755		1190
Exxon Mobil		COM		30231g102	2100	28910	SH		SOLE		27260		1650
General Electric	COM		369604103	1202	78978	SH		SOLE		73638		5340
GlaxoSmithKline PLC	COM		37733w105	1846	44700	SH		SOLE		41720		2980
Harris Corp		COM		413875105	456	13340	SH		SOLE		12800		540
Heinz H J Co		COM		423074103	1012	20045	SH		SOLE		19195		850
Hewlett-Packard		COM		428236103	891	39698	SH		SOLE		37148		2550
Intel Corp		COM		458140100	2459	115273	SH		SOLE		109373		5900
IShares Inc		MSCI AUSTRALIA	464286103	627	31275	SH		SOLE		30175		1100
IShares Inc		MSCI CDA INDEX	464286509	980	38455	SH		SOLE		36880		1575
IShares Inc		MSCI GERMAN	464286806	696	38075	SH		SOLE		35425		2650
IShares Inc		MSCI JAPAN	464286848	1644	173825	SH		SOLE		165625		8200
IShares Inc		MSCI SWITZERLD	464286749	1809	83500	SH		SOLE		79400		4100
IShares Tr		NASDQ BIO INDX	464287556	1154	12365	SH		SOLE		11290		1075
Johnson & Johnson	COM		478160104	2894	45431	SH		SOLE		43046		2385
Kimberly Clark		COM		494368103	2294	32300	SH		SOLE		30000		2300
Medtronic Inc		COM		585055106	792	23818	SH		SOLE		22568		1250
Microsoft		COM		594918104	3606	144890	SH		SOLE		133025		11865
NextEra Energy		COM		65339F101	815	15090	SH		SOLE		14590		500
Norfolk Southern Corp	COM		655844108	1183	19395	SH		SOLE		17845		1550
Novo Nordisk AS		COM		670100205	1989	19985	SH		SOLE		18685		1300
Occidental Pete		COM		674599105	906	12670	SH		SOLE		12120		550
Paccar			COM		693718108	2390	70674	SH		SOLE		65506		5168
Pepsico			COM		713448108	2474	39969	SH		SOLE		38369		1600
Pfizer			COM		717081103	219	12364	SH		SOLE		12364
Plum Creek Timber	COM		729251108	1164	33536	SH		SOLE		31436		2100
Procter & Gamble	COM		742718109	2408	38116	SH		SOLE		36379		1737
RBC Bearings Inc	COM		75524B104	1180	34725	SH		SOLE		32950		1775
Royal Dutch Shell A	COM		780259206	1569	25510	SH		SOLE		24510		1000
SAP AG			COM		803054204	1023	20200	SH		SOLE		19600		600
Schlumberger Ltd	COM		806857108	1079	18065	SH		SOLE		16915		1150
Select Sector SPDR TR	SBI MATERIALS	81369Y100	1203	40990	SH		SOLE		40040		950
Snap On Inc		COM		833034101	1228	27650	SH		SOLE		26350		1300
Southern Co		COM		842587107	1913	45160	SH		SOLE		42960		2200
SPDR Gold Trust		GOLD SHS	78463V107	948	6000	SH		SOLE		6000
Starbucks Corp		COM		855244109	2790	74808	SH		SOLE		71363		3445
Steinway Musical Ins	COM		858495104	685	31750	SH		SOLE		30450		1300
Stryker Corp		COM		863667101	1190	25251	SH		SOLE		23891		1360
Total S A		COM		89151E109	941	21450	SH		SOLE		20545		905
United Parcel Svc	COM		911312106	1986	31455	SH		SOLE		30280		1175
United Technologies	COM		913017109	1741	24740	SH		SOLE		23240		1500
Walgreen Company	COM		931422109	2625	79805	SH		SOLE		76110		3695
Walt Disney Co		COM		254687106	2132	70685	SH		SOLE		67685		3000
Washington Bkg Co	COM		937303105	130	13358	SH		SOLE		13358
Washington Federal	COM		938824109	976	76581	SH		SOLE		70121		6460
Waste Mgmt Inc		COM		94106L109	953	29260	SH		SOLE		28060		1200
Wells Fargo & Co	COM		949746101	439	18185	SH		SOLE		17510		675