-----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, SJGU7BKFHVcnKodn8Q9FmVSDN/wh5UqWIt35ISzZVnQsALGeaBVGevaq+kGjjGpX pbn5uMYHDkVqmfoJ6B+JBQ== 0000825204-09-000003.txt : 20090115 0000825204-09-000003.hdr.sgml : 20090115 20090114175658 ACCESSION NUMBER: 0000825204-09-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090115 DATE AS OF CHANGE: 20090114 EFFECTIVENESS DATE: 20090115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPSTONE ASSET MANAGEMENT CO CENTRAL INDEX KEY: 0000825204 IRS NUMBER: 760022831 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-02180 FILM NUMBER: 09527135 BUSINESS ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 4100 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7132609000 MAIL ADDRESS: STREET 1: 5847 SAN FELIPE STREET 2: SUITE 4100 CITY: HOUSTON STATE: TX ZIP: 77044 13F-HR 1 sec13f4thqtr2008.txt 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended:December 31, 2008 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: Capstone Asset Management Company Address: 5847 San Felipe, Suite 4100 Houston, Texas 77057 Form 13F File Number: 28-2180 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: Richard A. Nunn Title: Sr. Vice President, Cheif Compliance Officer Phone: (713) 260-9000 Signature, Place, and Date of Signing: /s/ Richard A. Nunn Houston, Texas January 14, 2009 [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).) List of Other Managers Reporting for this Manager: NONE CAPSTONE ASSET MANAGEMENT COMPANY CAPSTONE ASSET MANAGEMENT COMPANY FORM 13F SUMMARY PAGE AS OF DATE: 12/31/08 RUN DATE: 01/06/09 10:15 A.M. REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 1,244 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,421,530,000 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME
PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 1 FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3 COM CORP COM 885535104 32 13930 SH SOLE 12320 1610 0 3M COMPANY COM 88579Y101 5824 101217 SH SOLE 8674 92543 0 A A R CORP COM 000361105 314 17080 SH SOLE 3150 13930 0 A B M INDS INC COM 000957100 237 12460 SH SOLE 1940 10520 0 A E S CORP COM 00130H105 587 71220 SH SOLE 8350 62870 0 A G L RESOURCES INC COM 001204106 1326 42300 SH SOLE 3780 38520 0 A H BELO CORP CL A COM 001282102 136 62220 SH SOLE 58780 3440 0 A K STEEL HOLDING CORP COM 001547108 207 22160 SH SOLE 12410 9750 0 A T M I INC COM 00207R101 243 15740 SH SOLE 4500 11240 0 A T & T INC COM 00206R102 16180 567705 SH SOLE 47777 519928 0 AARON RENTS INC CL B COM 002535201 508 19092 SH SOLE 2130 16962 0 ABAXIS INC COM 002567105 171 10640 SH SOLE 2760 7880 0 ABB LTD SPONSORED ADR COM 000375204 1501 99995 SH SOLE 27890 72105 0 ABBOTT LABS COM 002824100 9070 169953 SH SOLE 12620 157333 0 ABERCROMBIE & FITCH CO CL A COM 002896207 462 20040 SH SOLE 12030 8010 0 ACADIA RLTY TR COM 004239109 145 10140 SH SOLE 2520 7620 0 ACCENTURE LTD SHS CL A COM G1150G111 422 12883 SH SOLE 0 12883 0 ACUITY BRANDS INC COM 00508Y102 483 13840 SH SOLE 1660 12180 0 ADAPTEC INC COM 00651F108 102 31050 SH SOLE 3850 27200 0 ADOBE SYSTEM INC COM 00724F101 3251 152713 SH SOLE 10874 141839 0 ADVANCED AUTO PTS INC COM 00751Y106 240 7125 SH SOLE 4810 2315 0 ADVANCED MICRO DEVICES INC COM 007903107 111 51568 SH SOLE 5510 46058 0 AEGON NV ORD AMER REG COM 007924103 551 91012 SH SOLE 15000 76012 0 AETNA U S HEALTHCARE INC COM 00817Y108 1394 48928 SH SOLE 4060 44868 0 AFFILIATED COMPUTER SERVICES I COM 008190100 503 10940 SH SOLE 1000 9940 0 AFLAC INC COM 001055102 2406 52482 SH SOLE 3930 48552 0 AGILENT TECHNOLOGIES INC COM 00846U101 939 60084 SH SOLE 23140 36944 0 AGILYSYS INC COM 00847J105 89 20700 SH SOLE 14890 5810 0 AGNICO EAGLE MINES LTD COM 008474108 412 8028 SH SOLE 1950 6078 0 AGRIUM INC COM 008916108 238 6968 SH SOLE 1990 4978 0 AIR PRODUCTS & CHEMICALS INC COM 009158106 1650 32813 SH SOLE 2960 29853 0 AIRGAS INC COM 009363102 210 5380 SH SOLE 3290 2090 0 AKAMAI TECHNOLOGIES INC COM 00971T101 531 35180 SH SOLE 20020 15160 0 ALABAMA POWER CO 5.875% 02/01/ PREFERRED STOCKS 010392546 471 19288 SH SOLE 0 19288 0 ALCATEL ALSTHOM GENERALE ADR S COM 013904305 200 93040 SH SOLE 27190 65850 0 ALCOA INC COM 013817101 1109 98510 SH SOLE 20840 77670 0 ALLEGHENY ENERGY INC COM 017361106 656 19370 SH SOLE 1630 17740 0 ALLEGHENY TECHNOLOGIES INC COM 01741R102 257 10060 SH SOLE 800 9260 0 ALLERGAN INC COM 018490102 4531 112366 SH SOLE 2890 109476 0 ALLETE INC COM 018522300 248 7690 SH SOLE 1020 6670 0 ALLIANCE DATA SYS CORP COM 018581108 238 5106 SH SOLE 3300 1806 0 ALLIANT ENERGY CORP COM 018802108 209 7160 SH SOLE 4360 2800 0 ALLIANZ AKTIENGESELLSCHAFT ADR COM 018805101 2178 201065 SH SOLE 54070 146995 0 ALLIED IRISH BKS P L C ADR SPO COM 019228402 78 16602 SH SOLE 5090 11512 0 ALLSTATE CORP COM 020002101 2030 61960 SH SOLE 8570 53390 0 ALTERA CORP COM 021441100 750 44890 SH SOLE 11600 33290 0 ALTRIA GROUP INC COM 02209S103 2204 146368 SH SOLE 0 146368 0 ALUMINA LTD ADR SPONSORED COM 022205108 54 12610 SH SOLE 4150 8460 0 AMAZON COM INC COM 023135106 1942 37862 SH SOLE 6870 30992 0 AMEDISYS INC COM 023436108 468 11323 SH SOLE 1739 9584 0 AMEREN CORP COM 023608102 933 28045 SH SOLE 5130 22915 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 2 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICA MOVIL S A DE C V SPONS COM 02364W105 2103 67845 SH SOLE 26750 41095 0 AMERICAN CAPITAL LTD. COM 02503Y103 348 107450 SH SOLE 91950 15500 0 AMERICAN EAGLE OUTFITTERS INC COM 02553E106 118 12605 SH SOLE 8930 3675 0 AMERICAN ELECTRIC POWER COM 025537101 1406 42239 SH SOLE 5540 36699 0 AMERICAN EXPRESS CO COM 025816109 2821 152082 SH SOLE 9650 142432 0 AMERICAN INTL GROUP INC COM 026874107 666 424344 SH SOLE 193230 231114 0 AMERICAN MED SYS HLDGS INC COM 02744M108 233 25920 SH SOLE 3750 22170 0 AMERICAN TOWER CORP CL A COM 029912201 1234 42083 SH SOLE 3870 38213 0 AMERIGROUP CORP COM 03073T102 432 14640 SH SOLE 2190 12450 0 AMERIPRISE FINANCIAL INC COM 03076C106 567 24286 SH SOLE 4596 19690 0 AMERISOURCEBERGEN CORP COM 03073E105 961 26960 SH SOLE 6250 20710 0 AMETEK INC COM 031100100 231 7647 SH SOLE 4810 2837 0 AMGEN INC COM 031162100 5916 102433 SH SOLE 11510 90923 0 AMN HEALTHCARE SERVICES INC COM 001744101 109 12930 SH SOLE 2080 10850 0 AMPHENOL CORP NEW CL A COM 032095101 1042 43450 SH SOLE 10950 32500 0 AMSURG INC COM 03232P405 321 13740 SH SOLE 2280 11460 0 ANADARKO PETROLEUM CORP COM 032511107 1837 47654 SH SOLE 7390 40264 0 ANALOG DEVICES INC COM 032654105 1416 74438 SH SOLE 6020 68418 0 ANCHOR BANCORP WISCONSIN INC COM 032839102 83 29980 SH SOLE 25970 4010 0 ANGLO AMERN PLC ADR NEW COM 03485P201 1534 132051 SH SOLE 31226 100825 0 ANIXTER INTL INC COM 035290105 319 10590 SH SOLE 1350 9240 0 ANNTAYLOR STORES CORP COM 036115103 71 12270 SH SOLE 11270 1000 0 AON CORP COM 037389103 1363 29829 SH SOLE 2320 27509 0 APACHE CORP COM 037411105 3529 47355 SH SOLE 5170 42185 0 APARTMENT INVT & MGMT CO COM 03748R101 195 16908 SH SOLE 8002 8906 0 APOLLO GROUP INC CL A COM 037604105 1217 15882 SH SOLE 4080 11802 0 APOLLO INVT CORP COM SH BEN IN COM 03761U106 160 17190 SH SOLE 11110 6080 0 APPLE COMPUTER INC COM 037833100 8157 95570 SH SOLE 9386 86184 0 APPLIED BIOSYSTEMS INC DEL COM COM 038149100 473 17018 SH SOLE 2490 14528 0 APPLIED INDL TECHNOLOGIES INC COM 03820C105 191 10097 SH SOLE 1390 8707 0 APPLIED MATERIALS INC COM 038222105 1485 146556 SH SOLE 12470 134086 0 ARCHER DANIELS MIDLAND COM 039483102 2083 72253 SH SOLE 5300 66953 0 ARCTIC CAT INC COM 039670104 63 13210 SH SOLE 10500 2710 0 ARKANSAS BEST CORP DEL COM 040790107 218 7250 SH SOLE 1080 6170 0 ARM HLDGS PLC SPONSORED ADR COM 042068106 66 17075 SH SOLE 6020 11055 0 ARQULE INC COM 04269E107 44 10360 SH SOLE 1120 9240 0 ARRIS GROUP INC COM 04269Q100 337 42411 SH SOLE 4429 37982 0 ARTHROCARE CORP COM 043136100 73 15400 SH SOLE 6470 8930 0 ARVINMERITOR INC COM 043353101 134 46930 SH SOLE 46530 400 0 ASHLAND INC COM 044209104 140 13343 SH SOLE 12201 1142 0 ASMLD HOLDINGS NV NY REG SHS COM N07059186 413 22872 SH SOLE 5865 17007 0 ASSURANT INC COM 04621X108 368 12260 SH SOLE 2880 9380 0 ASTEC INDS INC COM 046224101 295 9410 SH SOLE 2420 6990 0 ASTRAZENECA PLC ADR SPONSORED COM 046353108 2538 61869 SH SOLE 19320 42549 0 ATMEL CORP COM 049513104 60 19080 SH SOLE 14710 4370 0 ATMOS ENERGY CORP COM 049560105 674 28440 SH SOLE 5110 23330 0 ATWOOD OCEANICS COM 050095108 306 20000 SH SOLE 2180 17820 0 AU OPTRONICS CORP SPONSORED AD COM 002255107 387 50372 SH SOLE 21924 28448 0 AUTODESK INC COM 052769106 712 36254 SH SOLE 13740 22514 0 AUTOMATIC DATA PROCESSING COM 053015103 3174 80681 SH SOLE 4710 75971 0 AUTONATION INC DEL COM 05329W102 231 23400 SH SOLE 10560 12840 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 3 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AUTOZONE INC COM 053332102 845 6056 SH SOLE 1740 4316 0 AVALONBAY COMMUNITIES INC COM 053484101 529 8725 SH SOLE 1320 7405 0 AVERY DENNISON CORP COM 053611109 1433 43784 SH SOLE 2780 41004 0 AVISTA CORP COM 05379B107 290 14970 SH SOLE 2430 12540 0 AVNET INC COM 053807103 189 10370 SH SOLE 7480 2890 0 AVON PRODUCTS INC COM 054303102 1653 68796 SH SOLE 10760 58036 0 AXA ADR SPONSORED COM 054536107 1758 78234 SH SOLE 21640 56594 0 AXCELIS TECHNOLOGIES INC COM 054540109 39 76920 SH SOLE 54440 22480 0 AXSYS TECHNOLOGIES INC COM 054615109 220 4010 SH SOLE 780 3230 0 B B & T CORP COM 054937107 3174 115583 SH SOLE 7220 108363 0 B J SERVICES CO COM 055482103 550 47100 SH SOLE 20440 26660 0 B M C SOFTWARE INC COM 055921100 868 32250 SH SOLE 11380 20870 0 B P AMOCO P L C COM 055622104 7625 163147 SH SOLE 38890 124257 0 BAKER HUGHES INC COM 057224107 1236 38529 SH SOLE 7990 30539 0 BALCHEM CORP COM 057665200 204 8175 SH SOLE 1640 6535 0 BALDOR ELEC CO COM 057741100 263 14710 SH SOLE 3180 11530 0 BALL CORP COM 058498106 653 15699 SH SOLE 5590 10109 0 BANCO BILBAO VIZCAYA ARGENTAAD COM 05946K101 2105 168535 SH SOLE 45430 123105 0 BANCO BRADESCO S A SP ADR PFD COM 059460303 958 97110 SH SOLE 41970 55140 0 BANCO ITAU HOLDING FIN - ADR COM 059602201 959 82664 SH SOLE 35422 47242 0 BANCO SANTANDER CENT HISPANIC COM 05964H105 2636 277721 SH SOLE 74990 202731 0 BANK AMERICA CORP COM 060505104 6840 485802 SH SOLE 48131 437671 0 BANK MONTREAL QUE COM 063671101 733 28515 SH SOLE 7460 21055 0 BANK MUTUAL CORP COM 063750103 169 14650 SH SOLE 2860 11790 0 BANK NOVA SCOTIA HALIFAX COM 064149107 1350 49625 SH SOLE 13210 36415 0 BANK OF NEW YORK MELLON CORPOR COM 064058100 3135 110658 SH SOLE 9021 101637 0 BANKATLANTIC BANCORP CL A COM 065908600 176 30324 SH SOLE 28296 2028 0 BANKRATE INC COM 06646V108 284 7480 SH SOLE 2020 5460 0 BARCLAYS PLC ADR COM 06738E204 1447 147608 SH SOLE 24710 122898 0 BARD, C R INC COM 067383109 1200 14240 SH SOLE 1070 13170 0 BARNES GROUP INC COM 067806109 205 14170 SH SOLE 3360 10810 0 BARRICK GOLD CORP COM 067901108 1555 42285 SH SOLE 11160 31125 0 BASIC ENERGY SVCS INC NEW COM 06985P100 213 16350 SH SOLE 7870 8480 0 BASSETT FURNITURE INDS INC COM 070203104 87 25950 SH SOLE 23110 2840 0 BAXTER INTL INC COM 071813109 3424 63894 SH SOLE 5250 58644 0 BCE INC COM 05534B760 851 41542 SH SOLE 11385 30157 0 BECKMAN COULTER INC COM 075811109 235 5350 SH SOLE 2580 2770 0 BECTON DICKINSON & CO COM 075887109 2104 30762 SH SOLE 0 30762 0 BED BATH & BEYOND INC COM 075896100 890 35015 SH SOLE 8670 26345 0 BELDEN CDT INC COM 077454106 276 13215 SH SOLE 1940 11275 0 BELO A H CORP COM 080555105 76 48640 SH SOLE 48110 530 0 BEMIS INC COM 081437105 282 11926 SH SOLE 1340 10586 0 BENCHMARK ELECTRS INC COM 08160H101 288 22535 SH SOLE 3270 19265 0 BERKLEY W R CORP COM 084423102 302 9734 SH SOLE 6900 2834 0 BEST BUY INC COM 086516101 1016 36135 SH SOLE 2950 33185 0 BHP BILLITON LTD SPONSORED ADR COM 088606108 3168 73835 SH SOLE 20590 53245 0 BHP BILLITON PLC SPONSORED ADR COM 05545E209 1899 49225 SH SOLE 13540 35685 0 BIG 5 SPORTING GOODS CORP COM 08915P101 117 22380 SH SOLE 17480 4900 0 BIOGEN IDEC INC COM 09062X103 1728 36282 SH SOLE 5700 30582 0 BIOMED REALTY TRUST INC COM 09063H107 1163 99218 SH SOLE 8280 90938 0 BIOVAIL CORP COM 09067J109 292 30870 SH SOLE 4020 26850 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 4 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- BLACK & DECKER CORP COM 091797100 443 10604 SH SOLE 5080 5524 0 BLACKBAUD INC COM 09227Q100 277 20520 SH SOLE 4920 15600 0 BLOCK H & R INC COM 093671105 801 35249 SH SOLE 3150 32099 0 BLUE COAT SYS INC COM 09534T508 108 12860 SH SOLE 1510 11350 0 BOEING CO COM 097023105 2499 58556 SH SOLE 5888 52668 0 BOSTON PRIVATE FINL HLDGS INC COM 101119105 125 18280 SH SOLE 2140 16140 0 BOSTON PROPERTIES INC COM 101121101 723 13150 SH SOLE 2310 10840 0 BOSTON SCIENTIFIC CORP COM 101137107 1014 131010 SH SOLE 12697 118313 0 BOWNE & CO INC DEL COM 103043105 144 24460 SH SOLE 17330 7130 0 BRADY W H CO CL A COM 104674106 453 18920 SH SOLE 2200 16720 0 BRIGGS & STRATTON CORP COM 109043109 297 16890 SH SOLE 4980 11910 0 BRIGHTPOINT INC COM 109473405 125 28752 SH SOLE 15050 13702 0 BRINKER INTL INC COM 109641100 131 12420 SH SOLE 9760 2660 0 BRISTOL MYERS SQUIBB CO COM 110122108 3916 168444 SH SOLE 17270 151174 0 BRISTOW GROUP INC COM 110394103 268 10020 SH SOLE 1320 8700 0 BRITISH AMERN TOB PLC SPONSORE COM 110448107 233 4390 SH SOLE 0 4390 0 BRITISH SKY BROADCASTING GRPAD COM 111013108 277 9759 SH SOLE 0 9759 0 BROADCOM CORP COM 111320107 810 47755 SH SOLE 3760 43995 0 BROOKFIELD ASSET MGMT INC CL A COM 112585104 360 23547 SH SOLE 6372 17175 0 BROOKLINE BANCORP INC DEL COM 11373M107 187 17540 SH SOLE 4410 13130 0 BROOKS AUTOMATION INC COM 114340102 118 20242 SH SOLE 2290 17952 0 BROWN FORMAN CORP CL B COM 115637209 395 7679 SH SOLE 0 7679 0 BROWN SHOE INC COM 115736100 176 20829 SH SOLE 10815 10014 0 BRUNSWICK CORP COM 117043109 260 61720 SH SOLE 41460 20260 0 BRUSH ENGINEERED MATERIALS COM 117421107 157 12360 SH SOLE 4910 7450 0 BT GROUP PLC ADR COM 05577E101 1184 59277 SH SOLE 10890 48387 0 BUCKEYE TECHNOLOGIES INC COM 118255108 59 16330 SH SOLE 7600 8730 0 BURLINGTON NORTHERN SANTA FE COM 12189T104 5037 66534 SH SOLE 2430 64104 0 C E C ENTERTAINMENT INC COM 125137109 256 10550 SH SOLE 2230 8320 0 C H ENERGY GROUP INC COM 12541M102 255 4960 SH SOLE 930 4030 0 C H ROBINSON WORLDWIDE INC COM 12541W209 1240 22530 SH SOLE 5050 17480 0 C M S ENERGY CORP COM 125896100 243 24085 SH SOLE 5100 18985 0 C S G SYSTEMS INTL INC COM 126349109 202 11590 SH SOLE 1280 10310 0 C S X CORP COM 126408103 1417 43648 SH SOLE 3220 40428 0 C T S CORP COM 126501105 71 12960 SH SOLE 4880 8080 0 C V S CORP COM 126650100 4745 165098 SH SOLE 11695 153403 0 C & D TECHNOLOGIES INC COM 124661109 47 14950 SH SOLE 9090 5860 0 CA INC COM 12673P105 823 44414 SH SOLE 4280 40134 0 CABELAS INC COM 126804301 67 11520 SH SOLE 2670 8850 0 CABOT MICROELECTRONICS CORP COM 12709P103 224 8580 SH SOLE 1150 7430 0 CABOT OIL & GAS CORP COM 127097103 405 15580 SH SOLE 6730 8850 0 CACI INTL INC CL A COM 127190304 567 12570 SH SOLE 1760 10810 0 CADBURY PLC SPONS ADR COM 12721E102 1022 28662 SH SOLE 5680 22982 0 CADENCE DESIGNS SYSTEMS INC COM 127387108 48 13210 SH SOLE 9240 3970 0 CALGON CARBON CORP COM 129603106 259 16860 SH SOLE 2070 14790 0 CAMECO CORP COM 13321L108 262 15195 SH SOLE 4140 11055 0 CAMERON INTRNATIONAL CORP COM 13342B105 580 28302 SH SOLE 8070 20232 0 CAMPBELL SOUP CO COM 134429109 1060 35335 SH SOLE 7840 27495 0 CANADIAN NAT RES LTD COM 136385101 973 24340 SH SOLE 6610 17730 0 CANADIAN NATL RY CO COM 136375102 1019 27720 SH SOLE 6900 20820 0 CANADIAN PAC RY LTD COM 13645T100 304 9035 SH SOLE 2490 6545 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 5 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CANON INC ADR COM 138006309 1771 56392 SH SOLE 14720 41672 0 CAPELLA EDUCATION COMPANY COM 139594105 354 6030 SH SOLE 1030 5000 0 CAPITAL ONE FINANCIAL CORP COM 14040H105 1256 39386 SH SOLE 5638 33748 0 CARBO CERAMICS INC COM 140781105 322 9075 SH SOLE 1720 7355 0 CARDINAL HEALTH INC COM 14149Y108 1809 52490 SH SOLE 3510 48980 0 CARMAX INC COM 143130102 105 13300 SH SOLE 8430 4870 0 CARNIVAL PAIRED CERTIFICATES COM 143658300 1225 50380 SH SOLE 0 50380 0 CARTER HLDGS INC COM 146229109 437 22690 SH SOLE 3010 19680 0 CASCADE BANCORP COM 147154108 105 15540 SH SOLE 6350 9190 0 CASEYS GENERAL STORES INC COM 147528103 394 17300 SH SOLE 1910 15390 0 CASH AMERICAN INTL INC COM 14754D100 280 10250 SH SOLE 1220 9030 0 CASTLE A M & CO COM 148411101 139 12790 SH SOLE 7100 5690 0 CATALYST HEALTH SOLUTIONS INC COM 14888B103 435 17860 SH SOLE 3950 13910 0 CATERPILLAR INC COM 149123101 4339 97131 SH SOLE 10540 86591 0 CB RICHARD ELLIS GROUP INC CL COM 12497T101 298 69070 SH SOLE 53510 15560 0 CBS CORP NEW CL B COM 124857202 771 94100 SH SOLE 37910 56190 0 CDN IMPERIAL BK OF COMMERCE COM 136069101 1653 39596 SH SOLE 5420 34176 0 CEDAR SHOPPING CTRS INC COM NE COM 150602209 152 21440 SH SOLE 11380 10060 0 CELGENE CORP COM 151020104 2993 54150 SH SOLE 10450 43700 0 CEMEX S A SPONSORED ADR COM 151290889 441 48204 SH SOLE 22230 25974 0 CENTENE CORP DEL COM 15135B101 243 12340 SH SOLE 1700 10640 0 CENTERPOINT ENERGY INC COM 15189T107 561 44482 SH SOLE 11250 33232 0 CENTEX CORP COM 152312104 114 10678 SH SOLE 1400 9278 0 CENTRAL GARDEN & PET CO CL A N COM 153527205 116 19740 SH SOLE 3760 15980 0 CENTURY ALUM CO COM 156431108 110 10960 SH SOLE 1530 9430 0 CENTURYTEL INC COM 156700106 463 16955 SH SOLE 5070 11885 0 CEPHALON INC COM 156708109 713 9250 SH SOLE 690 8560 0 CERADYNE INC CALIF COM 156710105 308 15165 SH SOLE 4820 10345 0 CERNER CORP COM 156782104 206 5350 SH SOLE 3430 1920 0 CF INDS HLDGS INC COM 125269100 293 5970 SH SOLE 520 5450 0 CHAMPION ENTERPRISES INC COM 158496109 111 198740 SH SOLE 181640 17100 0 CHATTEM INC COM 162456107 563 7870 SH SOLE 1150 6720 0 CHECKPOINT SYSTEM INC COM 162825103 113 11530 SH SOLE 1590 9940 0 CHEMED CORPORATION COM 16359R103 324 8140 SH SOLE 2120 6020 0 CHEMTURA CORPORATION COM 163893100 71 50408 SH SOLE 47470 2938 0 CHESAPEAKE ENERGY CORP COM 165167107 1044 64580 SH SOLE 17290 47290 0 CHEVRON CORPORATION COM 166764100 17548 237226 SH SOLE 18299 218927 0 CHICOS F A S INC COM 168615102 87 20870 SH SOLE 19660 1210 0 CHILDRENS PL RETAIL STORES COM 168905107 238 10970 SH SOLE 2480 8490 0 CHINA LIFE INS CO LTD SPON ADR COM 16939P106 1482 31945 SH SOLE 13600 18345 0 CHINA MOBILE HONG KONG LTD ADR COM 16941M109 3326 65405 SH SOLE 26260 39145 0 CHINA PETE & CHEM CORP SPON AD COM 16941R108 222 3590 SH SOLE 2780 810 0 CHINA UNICOM LTD SPONSORED ADR COM 16945R104 181 14859 SH SOLE 11525 3334 0 CHRISTOPHER & BANKS CORP COM 171046105 140 25025 SH SOLE 15780 9245 0 CHUBB CORP COM 171232101 2075 40696 SH SOLE 3080 37616 0 CHUNGHWA TELECOM LTD-ADR WI COM 17133Q304 760 48728 SH SOLE 17551 31177 0 CHURCH & DWIGHT CO COM 171340102 265 4718 SH SOLE 3160 1558 0 CIBER INC COM 17163B102 81 16830 SH SOLE 4560 12270 0 CIGNA CORP COM 125509109 490 29082 SH SOLE 2640 26442 0 CINCINNATI FINANCIAL CORP COM 172062101 606 20850 SH SOLE 3852 16998 0 CINTAS CORP COM 172908105 339 14580 SH SOLE 1510 13070 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 6 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CISCO SYSTEMS INC COM 17275R102 16025 983100 SH SOLE 56680 926420 0 CIT GROUP INC COM 125581108 419 92190 SH SOLE 76180 16010 0 CITIGROUP CAP VIII 6.950% 09/1 PREFERRED STOCKS 17306R204 610 35840 SH SOLE 0 35840 0 CITIGROUP INC COM 172967101 3602 536797 SH SOLE 65100 471697 0 CITRIX SYSTEMS INC COM 177376100 475 20170 SH SOLE 2050 18120 0 CKE RESTAURANTS INC COM 12561E105 179 20660 SH SOLE 2970 17690 0 CLARCOR INC COM 179895107 586 17650 SH SOLE 2080 15570 0 CLECO CORP COM 12561W105 378 16550 SH SOLE 2490 14060 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 259 10113 SH SOLE 7620 2493 0 CLOROX CO COM 189054109 976 17560 SH SOLE 1590 15970 0 CME GROUP INC COM 12572Q105 1657 7964 SH SOLE 1452 6512 0 CNOOC LTD SPONSORED ADR COM 126132109 2362 24800 SH SOLE 4400 20400 0 COACH INC COM 189754104 1071 51580 SH SOLE 17160 34420 0 COCA COLA CO COM 191216100 11249 248494 SH SOLE 16050 232444 0 COCA COLA ENTERPRISES INC COM 191219104 465 38635 SH SOLE 9300 29335 0 COGNEX CORP COM 192422103 197 13320 SH SOLE 1630 11690 0 COGNIZANT TECHNLGY SLTNS COR COM 192446102 821 45440 SH SOLE 17770 27670 0 COINSTAR INC COM 19259P300 248 12720 SH SOLE 2470 10250 0 COLGATE PALMOLIVE CO COM 194162103 4870 71051 SH SOLE 6690 64361 0 COLONIAL BANCGROUP INC COM 195493309 135 65160 SH SOLE 64350 810 0 COLONIAL PPTYS TR COM 195872106 213 25530 SH SOLE 14090 11440 0 COMCAST CORP CL A COM 20030N101 4526 268152 SH SOLE 0 268152 0 COMERICA INC COM 200340107 862 43444 SH SOLE 8120 35324 0 COMMERCE BANCSHARES INC COM 200525103 205 4661 SH SOLE 2551 2110 0 COMMUNITY BK SYS INC COM 203607106 226 9280 SH SOLE 1480 7800 0 COMPANHIA DE BEBIDAS DAS AMESP COM 20441W203 220 4965 SH SOLE 0 4965 0 COMPANHIA ENERGETICA DE MINASP COM 204409601 342 24864 SH SOLE 8531 16333 0 COMPANHIA SIDERURGICA NACIONSP COM 20440W105 332 25930 SH SOLE 11190 14740 0 COMPANHIA VALE DO RIO DOCE SPO COM 204412209 1167 96405 SH SOLE 39900 56505 0 COMPANHIA VALE DO RIO DOCE - A COM 204412100 1405 131890 SH SOLE 57230 74660 0 COMPUTER SCIENCES CORP COM 205363104 596 16967 SH SOLE 1670 15297 0 COMPUWARE CORP COM 205638109 340 50340 SH SOLE 18320 32020 0 COMTECH TELECOMM CORP COM 205826209 487 10630 SH SOLE 1860 8770 0 CONAGRA INC COM 205887102 915 55474 SH SOLE 6850 48624 0 CONCUR TECHNOLOGIES INC COM 206708109 595 18130 SH SOLE 2990 15140 0 CONMED CORP COM 207410101 228 9510 SH SOLE 1180 8330 0 CONOCOPHILLIPS COM 20825C104 7669 148053 SH SOLE 11749 136304 0 CONSOL ENERGY INC COM 20854P109 673 23560 SH SOLE 6220 17340 0 CONSOLIDATED EDISON INC COM 209115104 1247 32043 SH SOLE 4170 27873 0 CONSTELLATION BRANDS COM 21036P108 216 13690 SH SOLE 0 13690 0 CONSTELLATION ENERGY GROUP INC COM 210371100 658 26222 SH SOLE 7730 18492 0 CONVERGYS CORP COM 212485106 93 14570 SH SOLE 1890 12680 0 COOPER INDUSTRIES LTD CL A COM G24182100 546 18684 SH SOLE 1450 17234 0 CORNING INC COM 219350105 1449 152051 SH SOLE 13430 138621 0 CORUS BANKSHARES INC COM 220873103 104 93360 SH SOLE 86270 7090 0 COSTCO WHOLESALE CORP COM 22160K105 2462 46897 SH SOLE 3610 43287 0 COVANCE INC COM 222816100 212 4610 SH SOLE 2590 2020 0 COVENTRY HEALTH CARE INC COM 222862104 260 17441 SH SOLE 2086 15355 0 COVIDIEN LTD COM G2552X108 1858 51282 SH SOLE 4380 46902 0 CRACKER BARREL OLD COUNTRY STO COM 22410J106 235 11430 SH SOLE 3410 8020 0 CREDIT SUISSE GROUP ADR SPONSO COM 225401108 1266 44805 SH SOLE 12460 32345 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 7 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- CRH PLC ADR COM 12626K203 1175 45125 SH SOLE 6860 38265 0 CROCS INC COM 227046109 118 95220 SH SOLE 66600 28620 0 CUBIST PHARMACEUTICALS INC COM 229678107 626 25910 SH SOLE 5960 19950 0 CULLEN FROST BANKERS INC COM 229899109 210 4150 SH SOLE 2300 1850 0 CUMMINS ENGINE INC COM 231021106 560 20944 SH SOLE 1830 19114 0 CURTISS WRIGHT CORP COM 231561101 634 18980 SH SOLE 2760 16220 0 CYBERSOURCE CORP COM 23251J106 381 31815 SH SOLE 7716 24099 0 CYMER INC COM 232572107 278 12670 SH SOLE 2050 10620 0 CYPRESS SEMICONDUCTOR CORP COM 232806109 224 50050 SH SOLE 11530 38520 0 D R HORTON INC COM 23331A109 183 25922 SH SOLE 3266 22656 0 D S P GROUP INC COM 23332B106 84 10530 SH SOLE 1000 9530 0 D T E ENERGY CO COM 233331107 844 23665 SH SOLE 4050 19615 0 DAIMLER CHRYSLER AG COM D1668R123 2230 58262 SH SOLE 12030 46232 0 DAKTRONICS INC COM 234264109 165 17630 SH SOLE 5250 12380 0 DANAHER CORP COM 235851102 6916 122163 SH SOLE 4670 117493 0 DARDEN RESTAURANTS INC COM 237194105 495 17553 SH SOLE 3240 14313 0 DARLING INTL INC COM 237266101 212 38550 SH SOLE 10860 27690 0 DAVITA INC COM 23918K108 906 18280 SH SOLE 6820 11460 0 DEALERTRACK HLDGS INC COM 242309102 256 21550 SH SOLE 7050 14500 0 DEAN FOODS INC COM 242370104 285 15870 SH SOLE 1890 13980 0 DECKERS OUTDOOR CORP COM 243537107 523 6550 SH SOLE 1080 5470 0 DEERE & CO COM 244199105 1760 45934 SH SOLE 3402 42532 0 DELL INC COM 24702R101 2155 210481 SH SOLE 33160 177321 0 DELPHI FINANCIAL GROUP INC CL COM 247131105 253 13735 SH SOLE 3285 10450 0 DELTIC TIMBER CORP COM 247850100 216 4730 SH SOLE 810 3920 0 DENBURY RES INC COM 247916208 204 18642 SH SOLE 13440 5202 0 DENTSPLY INTL INC COM 249030107 496 17580 SH SOLE 1530 16050 0 DEUTSCHE BANK AG ORD COM D18190898 1827 44905 SH SOLE 7230 37675 0 DEUTSCHE TELEKOM AG ADR SPONSO COM 251566105 1653 108009 SH SOLE 0 108009 0 DEVON ENERGY CORP COM 25179M103 3034 46165 SH SOLE 5300 40865 0 DEVRY INC COM 251893103 229 3990 SH SOLE 2400 1590 0 DIAGEO PLC ADR SPONSORED COM 25243Q205 982 17315 SH SOLE 0 17315 0 DIAMONDROCK HOSPITALITY CO COM 252784301 191 37620 SH SOLE 16680 20940 0 DIODES INC COM 254543101 120 19860 SH SOLE 7900 11960 0 DIONEX CORP COM 254546104 362 8070 SH SOLE 1520 6550 0 DIRECTV GROUP INC COM 25459L106 1442 62940 SH SOLE 0 62940 0 DISCOVER FINANCIAL SERVICES COM 254709108 454 47599 SH SOLE 4270 43329 0 DISNEY WALT CO COM 254687106 3874 170745 SH SOLE 0 170745 0 DOLLAR TREE INC COM 256746108 268 6440 SH SOLE 4180 2260 0 DOMINION RESOURCES INC VA COM 25746U109 1910 53298 SH SOLE 4984 48314 0 DONALDSON INC COM 257651109 207 6152 SH SOLE 4140 2012 0 DONNELLEY R R & SONS CO COM 257867101 442 32581 SH SOLE 12330 20251 0 DOVER CORP COM 260003108 3708 112646 SH SOLE 1780 110866 0 DOW CHEMICAL CORP COM 260543103 2175 144146 SH SOLE 13770 130376 0 DR PEPPER SNAPPLE GROUP INC CO COM 26138E109 401 24686 SH SOLE 2100 22586 0 DRESS BARN INC COM 261570105 232 21610 SH SOLE 5660 15950 0 DREW INDS INC COM 26168L205 140 11640 SH SOLE 3830 7810 0 DRIL-QUIP INC COM 262037104 278 13550 SH SOLE 2710 10840 0 DU PONT E I DE NEMOURS & CO COM 263534109 3527 139425 SH SOLE 10140 129285 0 DUKE ENERGY CORP COM 26441C105 1912 127354 SH SOLE 16346 111008 0 DUKE REALTY CORP COM 264411505 143 13010 SH SOLE 10750 2260 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 8 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- DUN & BRADSTREET CORP DEL COM 26483E100 696 9015 SH SOLE 2820 6195 0 DYNEGY INC DEL CL A COM 26817G102 73 36474 SH SOLE 4620 31854 0 E M C CORP MASS COM 268648102 2208 210924 SH SOLE 17750 193174 0 E O G RESOURCES INC COM 26875P101 2003 30080 SH SOLE 5210 24870 0 E TRADE GROUP INC COM 269246104 53 46212 SH SOLE 33770 12442 0 EAGLE MATLS INC COM 26969P108 381 20701 SH SOLE 4700 16001 0 EAST WEST BANCORP INC COM 27579R104 440 27560 SH SOLE 5090 22470 0 EASTGROUP PPTYS INC COM 277276101 285 8000 SH SOLE 1610 6390 0 EASTMAN CHEMICAL CO COM 277432100 246 7755 SH SOLE 0 7755 0 EASTMAN KODAK COM 277461109 322 48983 SH SOLE 23430 25553 0 EATON CORP COM 278058102 847 17046 SH SOLE 1420 15626 0 EATON VANCE CORP COM 278265103 213 10116 SH SOLE 7500 2616 0 EBAY INC COM 278642103 1495 107080 SH SOLE 0 107080 0 ECLIPSYS CORP COM 278856109 243 17150 SH SOLE 2030 15120 0 ECOLAB INC COM 278865100 1333 37916 SH SOLE 5210 32706 0 EDISON INTL COM 281020107 1134 35319 SH SOLE 3280 32039 0 EDWARDS LIFESCIENCES CORP COM 28176E108 238 4330 SH SOLE 2200 2130 0 EL PASO CORPORATION COM 28336L109 538 68664 SH SOLE 6790 61874 0 EL PASO ELEC CO COM 283677854 251 13880 SH SOLE 1540 12340 0 ELAN CORP PLC ADR COM 284131208 141 23490 SH SOLE 5850 17640 0 ELECTRO SCIENTIFIC INDS INC COM 285229100 113 16660 SH SOLE 7740 8920 0 ELECTRONIC ARTS INC COM 285512109 547 34094 SH SOLE 3460 30634 0 ELLIS PERRY INTL INC COM 288853104 88 13865 SH SOLE 10450 3415 0 EMBARQ CORP COM 29078E105 702 19510 SH SOLE 4336 15174 0 EMCOR GROUP INC COM 29084Q100 418 18650 SH SOLE 2590 16060 0 EMERSON ELEC CO COM 291011104 9432 257631 SH SOLE 6160 251471 0 EMPRESA NACIONAL DE ELCTRCIDSP COM 29244T101 488 14585 SH SOLE 4150 10435 0 ENBRIDGE INC COM 29250N105 1843 56747 SH SOLE 6410 50337 0 ENCANA CORP COM 292505104 1675 36046 SH SOLE 9430 26616 0 ENDO PHARMACEUTICALS HLDGS COM 29264F205 281 10860 SH SOLE 6260 4600 0 ENERGIZER HOLDINGS INC COM 29266R108 289 5330 SH SOLE 3780 1550 0 ENERPLUS RES FD TR UNIT NEW COM 29274D604 244 12480 SH SOLE 2620 9860 0 ENERSIS S A SPONSORED ADR COM 29274F104 328 25745 SH SOLE 8350 17395 0 ENI S P A ADR SPONSORED COM 26874R108 5508 115178 SH SOLE 16120 99058 0 ENSCO INTL INC COM 26874Q100 603 21230 SH SOLE 6120 15110 0 ENTERGY CORP COM 29364G103 1789 21516 SH SOLE 1610 19906 0 ENTERTAINMENT PPTYS TR SH BEN COM 29380T105 1649 55350 SH SOLE 2730 52620 0 EPICOR SOFTWARE CORP COM 29426L108 176 36760 SH SOLE 16420 20340 0 EPIQ SYS INC COM 26882D109 275 16485 SH SOLE 3915 12570 0 EQUIFAX INC COM 294429105 587 22148 SH SOLE 7910 14238 0 EQUITY RESIDENTIAL PPTYS TR SH COM 29476L107 876 29380 SH SOLE 4320 25060 0 ERICSSON L M TEL CO COM 294821608 1028 131640 SH SOLE 35950 95690 0 ESTERLINE TECHNOLOGIES CORP COM 297425100 388 10230 SH SOLE 1260 8970 0 ETHAN ALLEN INTERIORS INC COM 297602104 170 11860 SH SOLE 4810 7050 0 EVEREST RE GROUP LTD COM G3223R108 300 3940 SH SOLE 2470 1470 0 EXAR CORP COM 300645108 85 12670 SH SOLE 1430 11240 0 EXELON CORP COM 30161N101 6402 115127 SH SOLE 5310 109817 0 EXPEDIA INC DEL COM 30212P105 165 20080 SH SOLE 3660 16420 0 EXPEDITORS INTL WASHINGTON INC COM 302130109 898 27000 SH SOLE 7130 19870 0 EXPRESS SCRIPTS INC CL A COM 302182100 1668 30347 SH SOLE 5598 24749 0 EXTRA SPACE STORAGE INC COM 30225T102 286 27730 SH SOLE 7210 20520 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 9 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- EXXON MOBIL CORP COM 30231G102 45328 567805 SH SOLE 42052 525753 0 F E I CO COM 30241L109 225 11950 SH SOLE 1550 10400 0 F M C CORP COM 302491303 252 5630 SH SOLE 4070 1560 0 F M C TECHNOLOGIES INC COM 30249U101 227 9520 SH SOLE 6500 3020 0 F P L GROUP INC COM 302571104 4310 85642 SH SOLE 3440 82202 0 FAIRPOINT COMMUNICATIONS INC COM 305560104 148 45137 SH SOLE 21040 24097 0 FAMILY DOLLAR STORES COM 307000109 405 15521 SH SOLE 1440 14081 0 FANNIE MAE COM 313586109 8 11070 SH SOLE 0 11070 0 FASTENAL CO COM 311900104 617 17710 SH SOLE 5490 12220 0 FEDERAL HOME LOAN MORTGAGE COR COM 313400301 8 11028 SH SOLE 0 11028 0 FEDERAL RLTY INVT TR SBI COM 313747206 222 3570 SH SOLE 2370 1200 0 FEDERATED INVS INC PA CL B COM 314211103 175 10290 SH SOLE 1580 8710 0 FEDEX CORP COM 31428X106 2001 31194 SH SOLE 2530 28664 0 FERRO CORP COM 315405100 89 12680 SH SOLE 12410 270 0 FIDELITY NATIONAL INFORMATION COM 31620M106 286 17605 SH SOLE 1886 15719 0 FIDELITY NATL TITLE GROUP INC COM 31620R105 264 14858 SH SOLE 11560 3298 0 FIFTH THIRD BANCORP COM 316773100 566 68466 SH SOLE 19800 48666 0 FINISH LINE INC CL A COM 317923100 88 15711 SH SOLE 3007 12704 0 FIRST BANCORP P R COM 318672102 287 25720 SH SOLE 3530 22190 0 FIRST CASH FINL SVCS INC COM 31942D107 225 11790 SH SOLE 2570 9220 0 FIRST COMWLTH FINL CORP PA COM 319829107 248 20050 SH SOLE 3640 16410 0 FIRST FINL BANCSHARES INC COM 32020R109 393 7120 SH SOLE 690 6430 0 FIRST HORIZON NATIONAL CORPORA COM 320517105 170 16061 SH SOLE 3354 12707 0 FIRST MIDWEST BANCORP COM 320867104 306 15300 SH SOLE 3370 11930 0 FIRST SOLAR INC COM 336433107 1573 11403 SH SOLE 0 11403 0 FIRSTENERGY CORP COM 337932107 1437 29576 SH SOLE 2640 26936 0 FIRSTFED FINL CORP DEL COM 337907109 84 47730 SH SOLE 44620 3110 0 FISERV INC COM 337738108 4901 134749 SH SOLE 5350 129399 0 FLAGSTAR BANCORP INC COM 337930101 96 135720 SH SOLE 127740 7980 0 FLIR SYS INC COM 302445101 327 10660 SH SOLE 7360 3300 0 FLOWSERVE CORP COM 34354P105 276 5355 SH SOLE 470 4885 0 FLUOR CORP COM 343412102 3125 69640 SH SOLE 1380 68260 0 FOOT LOCKER INC COM 344849104 130 17690 SH SOLE 15610 2080 0 FORD MOTOR CO DEL COM 345370860 523 228204 SH SOLE 66880 161324 0 FOREST LABS INC COM 345838106 1021 40080 SH SOLE 9150 30930 0 FORESTAR REAL ESTATE GROUP I COM 346233109 101 10586 SH SOLE 1450 9136 0 FORTUNE BRANDS INC COM 349631101 409 9919 SH SOLE 0 9919 0 FORWARD AIR CORP COM 349853101 322 13255 SH SOLE 2810 10445 0 FOSSIL INC COM 349882100 327 19597 SH SOLE 3470 16127 0 FRANCE TELECOM COM 35177Q105 3748 133510 SH SOLE 25260 108250 0 FRANKLIN RESOURCES, INC COM 354613101 1202 18845 SH SOLE 3430 15415 0 FREDS INC CL A COM 356108100 122 11370 SH SOLE 2330 9040 0 FREEPORT MCMORAN COPPER&GOLD C COM 35671D857 1211 49562 SH SOLE 15629 33933 0 FRESENIUS MED CARE AG SPONSORE COM 358029106 927 19638 SH SOLE 3880 15758 0 FRONTIER COMMUNICATIONS CORP C COM 35906A108 402 46037 SH SOLE 15301 30736 0 FRONTIER FINL CORP WASH COM 35907K105 150 34375 SH SOLE 23850 10525 0 FRONTIER OIL CORP COM 35914P105 157 12450 SH SOLE 10080 2370 0 FUJIFILM HLDGS CORP ADR SHS COM 35958N107 600 27010 SH SOLE 6950 20060 0 FULLER H B CO COM 359694106 237 14710 SH SOLE 1950 12760 0 FURNITURE BRANDS INTL INC COM 360921100 87 39500 SH SOLE 39170 330 0 GAMESTOP CORPORATION CLASS A COM 36467W109 469 21652 SH SOLE 6802 14850 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 10 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- GANNETT INC DEL COM 364730101 464 57968 SH SOLE 36340 21628 0 GAP INC COM 364760108 686 51208 SH SOLE 4220 46988 0 GARDNER DENVER INC COM 365558105 517 22171 SH SOLE 3440 18731 0 GENCORP INC COM 368682100 61 16450 SH SOLE 1850 14600 0 GENENTECH INC COM 368710406 248 2991 SH SOLE 0 2991 0 GENERAL COMMUNICATION INC CL A COM 369385109 117 14470 SH SOLE 1510 12960 0 GENERAL DYNAMICS CORP COM 369550108 1741 30238 SH SOLE 3450 26788 0 GENERAL ELEC CAP CORP 6.000% 0 PREFERRED STOCKS 369622451 535 25493 SH SOLE 0 25493 0 GENERAL ELEC CO COM 369604103 20361 1256857 SH SOLE 86150 1170707 0 GENERAL MILLS INC COM 370334104 2315 38100 SH SOLE 3070 35030 0 GENERAL MOTORS CORP COM 370442105 164 51103 SH SOLE 4890 46213 0 GENTIVA HEALTH SVCS INC COM 37247A102 282 9640 SH SOLE 1190 8450 0 GENUINE PARTS CO COM 372460105 2587 68342 SH SOLE 1840 66502 0 GENWORTH FINL INC CL A COM 37247D106 387 136920 SH SOLE 97660 39260 0 GENZYME CORP COM 372917104 1955 29454 SH SOLE 2430 27024 0 GEN-PROBE INC COM 36866T103 203 4740 SH SOLE 2910 1830 0 GEO GROUP INC COM 36159R103 398 22090 SH SOLE 4100 17990 0 GEORGIA GULF CORP COM 373200203 29 27070 SH SOLE 19450 7620 0 GERBER SCIENTIFIC INC COM 373730100 91 17760 SH SOLE 12370 5390 0 GERDAU S A SPONSORED ADR COM 373737105 259 39280 SH SOLE 17920 21360 0 GEVITY HR INC COM 374393106 103 68190 SH SOLE 63050 5140 0 GILEAD SCIENCES INC COM 375558103 12728 248879 SH SOLE 7460 241419 0 GLACIER BANCORP INC COM 37637Q105 378 19857 SH SOLE 2130 17727 0 GLAXOSMITHKLINE PLC ADR SPONSO COM 37733W105 3261 87505 SH SOLE 34090 53415 0 GLOBAL PAYMENTS INC COM 37940X102 205 6240 SH SOLE 4030 2210 0 GOLD FIELDS LTD NEW SPONSORED COM 38059T106 138 13910 SH SOLE 10810 3100 0 GOLDCORP INC COM 380956409 1101 34921 SH SOLE 9107 25814 0 GOLDMAN SACHS GROUP INC COM 38141G104 3791 44918 SH SOLE 6340 38578 0 GOODRICH B F CO COM 382388106 548 14790 SH SOLE 1160 13630 0 GOODYEAR TIRE & RUBBER CO COM 382550101 260 43472 SH SOLE 24500 18972 0 GOOGLE INC CL A COM 38259P508 8018 26062 SH SOLE 2782 23280 0 GRAINGER W W INC COM 384802104 633 8029 SH SOLE 590 7439 0 GREAT ATLANTIC & PACIFIC TEA I COM 390064103 123 19620 SH SOLE 12760 6860 0 GREATBATCH INC COM 39153L106 211 7970 SH SOLE 1010 6960 0 GREEN MTN COFFEE ROASTERS INC COM 393122106 308 7970 SH SOLE 1720 6250 0 GREENHILL & CO INC COM 395259104 585 8390 SH SOLE 1950 6440 0 GRIFFON CORP COM 398433102 119 12780 SH SOLE 2770 10010 0 GROUP 1 AUTOMOTIVE INC COM 398905109 180 16670 SH SOLE 10950 5720 0 GRUPO TELEVISA SA DE CV ADR SP COM 40049J206 417 27895 SH SOLE 12500 15395 0 GUARANTY FINL GROUP INC COM 40108N106 172 65771 SH SOLE 49770 16001 0 GYMBOREE CORP COM 403777105 326 12490 SH SOLE 2100 10390 0 H C C INSURANCE HOLDINGS INC COM 404132102 212 7935 SH SOLE 5930 2005 0 HAEMONETICS CORP COM 405024100 496 8780 SH SOLE 980 7800 0 HAIN CELESTIAL GROUP INC COM 405217100 264 13820 SH SOLE 1650 12170 0 HALLIBURTON CO COM 406216101 1652 90869 SH SOLE 7570 83299 0 HANCOCK HLDG CO COM 410120109 375 8250 SH SOLE 920 7330 0 HANMI FINL CORP COM 410495105 31 14860 SH SOLE 6250 8610 0 HANSEN NAT CORP COM 411310105 254 7570 SH SOLE 5780 1790 0 HARLEY DAVIDSON INC COM 412822108 452 26613 SH SOLE 2810 23803 0 HARMONIC INC COM 413160102 139 24750 SH SOLE 3270 21480 0 HARRIS CORP COM 413875105 4465 117336 SH SOLE 5080 112256 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 11 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- HARTFORD FINANCIAL SERVICES GR COM 416515104 822 50046 SH SOLE 22800 27246 0 HASBRO INC COM 418056107 426 14590 SH SOLE 1330 13260 0 HCP INC COM 40414L109 706 25440 SH SOLE 5630 19810 0 HEADWATERS INC COM 42210P102 152 22540 SH SOLE 7520 15020 0 HEALTH CARE REIT INC COM 42217K106 287 6791 SH SOLE 5070 1721 0 HEALTH NET INC COM 42222G108 118 10860 SH SOLE 8630 2230 0 HEALTHCARE SVCS GROUP INC COM 421906108 1002 62907 SH SOLE 1355 61552 0 HEALTHSPRING INC COM 42224N101 338 16930 SH SOLE 1920 15010 0 HEALTHWAYS INC COM 422245100 212 18450 SH SOLE 6090 12360 0 HEARTLAND EXPRESS INC COM 422347104 374 23706 SH SOLE 4273 19433 0 HEARTLAND PMT SYS INC COM 42235N108 253 14470 SH SOLE 5600 8870 0 HEINZ H J CO COM 423074103 3556 94581 SH SOLE 3510 91071 0 HELIX ENERGY SOLUTIONS GRP INC COM 42330P107 110 15233 SH SOLE 13760 1473 0 HELLENIC TELECOM ORGANIZATN SP COM 423325307 238 28675 SH SOLE 7710 20965 0 HERSHEY FOODS CORP COM 427866108 984 28328 SH SOLE 6480 21848 0 HESS CORP COM 42809H107 1792 33414 SH SOLE 5340 28074 0 HEWLETT PACKARD CO COM 428236103 10094 278160 SH SOLE 19580 258580 0 HIBBETT SPORTS INC COM 428567101 219 13970 SH SOLE 3760 10210 0 HILLENBRAND INC COM 431571108 351 21050 SH SOLE 4090 16960 0 HITACHI LTD ADR COM 433578507 661 16880 SH SOLE 4520 12360 0 HITTITE MICROWAVE CORP COM 43365Y104 294 9990 SH SOLE 3250 6740 0 HMS HLDGS CORP COM 40425J101 268 8500 SH SOLE 980 7520 0 HOLLY CORP PAR $0.01 COM 435758305 288 15820 SH SOLE 1680 14140 0 HOLOGIC INC COM 436440101 238 18246 SH SOLE 13060 5186 0 HOME DEPOT INC COM 437076102 4402 191245 SH SOLE 13880 177365 0 HOME PPTYS INC COM 437306103 414 10200 SH SOLE 2200 8000 0 HONDA MOTOR CO LTD COM 438128308 1523 71350 SH SOLE 19310 52040 0 HONEYWELL INTL INC COM 438516106 3176 96747 SH SOLE 6140 90607 0 HORNBECK OFFSHORE SVCS INC COM 440543106 216 13230 SH SOLE 4750 8480 0 HOSPIRA INC COM 441060100 545 20328 SH SOLE 2080 18248 0 HOSPITALITY PROPERTIES TRUST COM 44106M102 681 45777 SH SOLE 7920 37857 0 HOST HOTELS & RESORTS INC COM 44107P104 522 68936 SH SOLE 28220 40716 0 HOT TOPIC INC COM 441339108 131 14140 SH SOLE 1500 12640 0 HOVNANIAN ENTERPRISES INC CL A COM 442487203 25 14270 SH SOLE 14020 250 0 HSBC FINANCE CORP 6.000% 11/30 PREFERRED STOCKS 40429C300 392 21825 SH SOLE 0 21825 0 HSBC HLDGS PLC ADR SPON COM 404280406 6587 135339 SH SOLE 30330 105009 0 HSN INC COM 404303109 126 17304 SH SOLE 3800 13504 0 HUB GROUP INC CL A COM 443320106 335 12610 SH SOLE 1420 11190 0 HUDSON CITY BANCORP INC COM 443683107 770 48250 SH SOLE 4880 43370 0 HUMANA INC COM 444859102 667 17891 SH SOLE 1530 16361 0 HUNTINGTON BANCSHARES INC COM 446150104 335 43732 SH SOLE 20160 23572 0 HUTCHINSON TECHNOLOGY INC COM 448407106 50 14470 SH SOLE 8950 5520 0 I B M COM 459200101 14575 173178 SH SOLE 10643 162535 0 I M S HEALTH INC COM 449934108 541 35674 SH SOLE 16620 19054 0 I T T EDUCATIONAL SERVICES INC COM 45068B109 266 2800 SH SOLE 1870 930 0 I T T INDS INC IND COM 450911102 874 18998 SH SOLE 1740 17258 0 ICONIX BRAND GROUP INC COM 451055107 187 19150 SH SOLE 2280 16870 0 IDEXX LABORATORIES CORP COM 45168D104 215 5960 SH SOLE 3440 2520 0 II-VI INC COM 902104108 264 13820 SH SOLE 2530 11290 0 ILLINOIS TOOL WORKS INC COM 452308109 2263 64574 SH SOLE 3490 61084 0 IMMUCOR INC COM 452526106 790 29737 SH SOLE 4740 24997 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 12 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- IMPERIAL OIL LTD COM 453038408 524 15535 SH SOLE 3710 11825 0 INDEPENDENT BANK CORP MICH COM 453838104 56 25773 SH SOLE 21385 4388 0 INFINEON TECHNOLOGIES AG ADR S COM 45662N103 39 27750 SH SOLE 8920 18830 0 INFINITY PPTY & CAS CORP COM 45665Q103 237 5070 SH SOLE 540 4530 0 INFORMATICA CORP COM 45666Q102 391 28500 SH SOLE 3290 25210 0 INFOSPACE INC COM 45678T201 171 22680 SH SOLE 10750 11930 0 INFOSYS TECHNOLOGIES LTD ADR S COM 456788108 309 12570 SH SOLE 9710 2860 0 ING GROEP N V ADR SPONSORED COM 456837103 962 86659 SH SOLE 24730 61929 0 ING GROEP NV 6.125% SERIES PREFERRED STOCKS 456837509 404 36100 SH SOLE 0 36100 0 INGERSOLL-RAND CO LTD CL A COM G4776G101 641 36937 SH SOLE 7377 29560 0 INGRAM MICRO INC CL A COM 457153104 179 13340 SH SOLE 10910 2430 0 INLAND REAL ESTATE CORP COM 457461200 222 17130 SH SOLE 4180 12950 0 INSIGHT ENTERPRISES INC COM 45765U103 225 32670 SH SOLE 21810 10860 0 INTEGRA LIFESCIENCES HLDG CO COM 457985208 320 9010 SH SOLE 1840 7170 0 INTEGRYS ENERGY GROUP INC COM 45822P105 582 13538 SH SOLE 3068 10470 0 INTEL CORP COM 458140100 9722 663160 SH SOLE 45960 617200 0 INTERCONTINENTAL HOTELS COM 45857P301 85 10140 SH SOLE 3841 6299 0 INTERCONTINENTALEXCHANGE INC COM 45865V100 979 11870 SH SOLE 4770 7100 0 INTERFACE INC CL A COM 458665106 76 16300 SH SOLE 1830 14470 0 INTERNATIONAL GAME TECH COM 459902102 260 21890 SH SOLE 0 21890 0 INTERNATIONAL PAPER CO COM 460146103 658 55735 SH SOLE 16870 38865 0 INTERPUBLIC GROUP COS INC COM 460690100 180 45460 SH SOLE 5610 39850 0 INTERSIL CORP COM 46069S109 98 10700 SH SOLE 8380 2320 0 INTERVAL LEISURE GROUP INC COM 46113M108 64 11934 SH SOLE 1100 10834 0 INTERWOVEN INC COM 46114T508 177 14050 SH SOLE 1530 12520 0 INTEVAC INC COM 461148108 137 27050 SH SOLE 18300 8750 0 INTL FLAVORS & FRAGRANCES COM 459506101 312 10490 SH SOLE 1000 9490 0 INTUIT INC COM 461202103 1082 45490 SH SOLE 10540 34950 0 INTUITIVE SURGICAL INC COM 46120E602 931 7328 SH SOLE 3275 4053 0 INVENTIV HEALTH INC COM 46122E105 225 19530 SH SOLE 7460 12070 0 INVESCO LTD COM G491BT108 464 32120 SH SOLE 2920 29200 0 INVESTMENT TECHNOLOGY GROUP COM 46145F105 364 16011 SH SOLE 1890 14121 0 ION GEOPHYSICAL CORP COM 462044108 150 43640 SH SOLE 14710 28930 0 IRWIN FINL CORP COM 464119106 55 42880 SH SOLE 38660 4220 0 ITRON INC COM 465741106 794 12450 SH SOLE 1420 11030 0 J CREW GROUP INC COM 46612H402 123 10050 SH SOLE 9780 270 0 J P MORGAN CHASE 7.000% 02/15/ PREFERRED STOCKS 46623D200 879 36912 SH SOLE 0 36912 0 J P MORGAN CHASE & CO COM 46625H100 11172 354319 SH SOLE 30734 323585 0 J2 GLOBAL COMMUNICATONS INC COM 46626E205 426 21250 SH SOLE 5630 15620 0 JABIL CIRCUIT INC COM 466313103 286 42310 SH SOLE 25920 16390 0 JACK IN THE BOX INC COM 466367109 453 20500 SH SOLE 2310 18190 0 JACOBS ENGINEERING GROUP INC COM 469814107 584 12150 SH SOLE 980 11170 0 JANUS CAP GROUP INC COM 47102X105 129 16050 SH SOLE 1360 14690 0 JDS UNIPHASE CORP COM 46612J507 73 20054 SH SOLE 2260 17794 0 JOHN BEAN TECHNOLOGIES CORP CO COM 477839104 124 15130 SH SOLE 7775 7355 0 JOHNSON CONTROLS INC COM 478366107 1544 85003 SH SOLE 8310 76693 0 JOHNSON & JOHNSON COM 478160104 21961 367056 SH SOLE 24280 342776 0 JONES APPAREL GROUP INC COM 480074103 269 45840 SH SOLE 42830 3010 0 JOS A BANK CLOTHIERS INC COM 480838101 229 8767 SH SOLE 2212 6555 0 JOY GLOBAL INC COM 481165108 233 10195 SH SOLE 7660 2535 0 JUNIPER NETWORKS INC COM 48203R104 947 54056 SH SOLE 4830 49226 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 13 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- KAYDON CORP COM 486587108 405 11800 SH SOLE 1360 10440 0 KB FINANCIAL GROUP INC SPONSOR COM 48241A105 561 21410 SH SOLE 9450 11960 0 KBR INC COM 48242W106 153 10070 SH SOLE 6590 3480 0 KEITHLEY INSTRUMENTS INC COM 487584104 111 30290 SH SOLE 26980 3310 0 KELLOGG CO COM 487836108 2218 50571 SH SOLE 6270 44301 0 KEYCORP COM 493267108 432 50751 SH SOLE 13340 37411 0 KILROY RLTY CORP COM 49427F108 371 11100 SH SOLE 2400 8700 0 KIMBERLY CLARK CORP COM 494368103 3851 73027 SH SOLE 3840 69187 0 KIMCO RLTY CORP COM 49446R109 476 26056 SH SOLE 6660 19396 0 KINROSS GOLD CORP NO PAR COM 496902404 635 34480 SH SOLE 8610 25870 0 KIRBY CORP COM 497266106 541 19760 SH SOLE 2240 17520 0 KITE RLTY GROUP TR COM 49803T102 115 20700 SH SOLE 14110 6590 0 KLA-TENCOR CORP COM 482480100 400 18335 SH SOLE 1600 16735 0 KNIGHT TRANSN INC COM 499064103 405 25147 SH SOLE 4810 20337 0 KNOT INC COM 499184109 148 17840 SH SOLE 8410 9430 0 KOHLS CORP COM 500255104 1154 31882 SH SOLE 2720 29162 0 KOPIN CORP COM 500600101 40 19740 SH SOLE 2090 17650 0 KOREA ELEC PWR CO SPONSORED AD COM 500631106 150 12930 SH SOLE 10340 2590 0 KRAFT FOODS INC CL A COM 50075N104 5011 186640 SH SOLE 12820 173820 0 KROGER CO COM 501044101 2773 104982 SH SOLE 5940 99042 0 KUBOTA LTD ADR COM 501173207 371 10280 SH SOLE 2810 7470 0 KULICKE & SOFFA INDS INC COM 501242101 76 44420 SH SOLE 31750 12670 0 KYOCERA CORP ADR COM 501556203 890 12300 SH SOLE 2920 9380 0 K-SWISS INC CL A COM 482686102 172 15080 SH SOLE 5340 9740 0 L S I LOGIC CORP COM 502161102 213 64847 SH SOLE 6630 58217 0 LA Z BOY INC COM 505336107 78 35990 SH SOLE 24660 11330 0 LABORATORY CORP AMER HLDGS COM 50540R409 1071 16630 SH SOLE 3060 13570 0 LABRANCHE & CO INC COM 505447102 71 14910 SH SOLE 1780 13130 0 LACLEDE GROUP INC COM 505597104 346 7380 SH SOLE 660 6720 0 LAM RESEARCH CORP COM 512807108 248 11651 SH SOLE 8700 2951 0 LAN AIRLINES S A SPONSORED ADR COM 501723100 105 13000 SH SOLE 2170 10830 0 LANCE INC COM 514606102 201 8770 SH SOLE 1330 7440 0 LANDAUER INC COM 51476K103 250 3410 SH SOLE 350 3060 0 LANDSTAR SYSTEMS INC COM 515098101 895 23295 SH SOLE 3750 19545 0 LASALLE HOTEL PPTYS SH BEN INT COM 517942108 156 14100 SH SOLE 1770 12330 0 LAUDER ESTEE COS INC CL A COM 518439104 645 20820 SH SOLE 6140 14680 0 LCA-VISION INC PAR $.001 COM 501803308 114 27820 SH SOLE 21620 6200 0 LEGG MASON INC COM 524901105 391 17855 SH SOLE 6220 11635 0 LEGGETT & PLATT INC COM 524660107 363 23868 SH SOLE 8040 15828 0 LENNAR CORP COM 526057104 110 12660 SH SOLE 1710 10950 0 LENNOX INTL INC COM 526107107 467 14460 SH SOLE 1950 12510 0 LEUCADIA NATIONAL CORP COM 527288104 326 16480 SH SOLE 1840 14640 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 14 19420 SH SOLE 0 19420 0 LEXINGTON CORPORATE PPTYS COM 529043101 149 29750 SH SOLE 14230 15520 0 LEXMARK INTL INC CL A COM 529771107 393 14625 SH SOLE 6030 8595 0 LHC GROUP INC COM 50187A107 206 5710 SH SOLE 1710 4000 0 LIBBEY INC COM 529898108 89 70870 SH SOLE 67500 3370 0 LIBERTY MEDIA CORP NEW ENT SER COM 53071M500 217 12426 SH SOLE 0 12426 0 LIFE TECHNOLOGIES CORP COM COM 53217V109 332 14249 SH SOLE 700 13549 0 LILLY, ELI & COMPANY COM 532457108 5611 139334 SH SOLE 8680 130654 0 LIMITED INC COM 532716107 433 43128 SH SOLE 13160 29968 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 14 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- LINCOLN NATIONAL CORP COM 534187109 679 36049 SH SOLE 12856 23193 0 LINEAR TECHNOLOGY CORP COM 535678106 1961 88658 SH SOLE 2070 86588 0 LITHIA MTRS INC CL A COM 536797103 143 43760 SH SOLE 40170 3590 0 LIVE NATION INC COM 538034109 183 31946 SH SOLE 14130 17816 0 LIZ CLAIBORNE INC COM 539320101 154 59100 SH SOLE 41080 18020 0 LKQ CORP COM 501889208 594 50920 SH SOLE 6180 44740 0 LLOYDS TSB GROUP ADR SPON COM 539439109 494 64092 SH SOLE 17740 46352 0 LOCKHEED MARTIN CORP COM 539830109 2388 28406 SH SOLE 4830 23576 0 LOEWS CORP COM 540424108 945 33454 SH SOLE 0 33454 0 LORILLARD INC COM COM 544147101 582 10320 SH SOLE 0 10320 0 LOUISIANA PACIFIC CORP COM 546347105 51 32720 SH SOLE 32080 640 0 LOWES COS INC COM 548661107 5693 264564 SH SOLE 11910 252654 0 LTC PPTYS INC COM 502175102 218 10760 SH SOLE 2590 8170 0 LUFKIN INDS INC COM 549764108 229 6630 SH SOLE 1400 5230 0 LUXOTTICA GROUP S P A ADR SPON COM 55068R202 227 12528 SH SOLE 2680 9848 0 L-3 COMMUNICATIONS HOLDINGS IN COM 502424104 4122 55872 SH SOLE 1140 54732 0 M B I A INC COM 55262C100 70 17136 SH SOLE 3240 13896 0 M D U RESOURCES GROUP INC COM 552690109 221 10225 SH SOLE 7060 3165 0 M & T BANK CORP COM 55261F104 574 9995 SH SOLE 950 9045 0 MACYS INC COM 55616P104 678 65494 SH SOLE 28222 37272 0 MAGELLAN HEALTH SVCS INC COM 559079207 694 17710 SH SOLE 3230 14480 0 MANITOWOC CO COM 563571108 106 12260 SH SOLE 1180 11080 0 MANNATECH INC COM 563771104 79 32050 SH SOLE 26890 5160 0 MANULIFE FINL CORP COM 56501R106 1182 69430 SH SOLE 18840 50590 0 MARATHON OIL CORP COM 565849106 1865 68174 SH SOLE 5670 62504 0 MARINEMAX INC COM 567908108 98 28950 SH SOLE 26230 2720 0 MARRIOTT INTL INC NEW CL A COM 571903202 614 31578 SH SOLE 3020 28558 0 MARSH & MCLENNAN COS INC COM 571748102 1292 53238 SH SOLE 4600 48638 0 MARSHALL & ISLEY CORP COM 571837103 447 32798 SH SOLE 10839 21959 0 MARTEK BIOSCIENCES CORP COM 572901106 471 15540 SH SOLE 3650 11890 0 MARTIN MARIETTA MATERIALS INC COM 573284106 268 2757 SH SOLE 1650 1107 0 MASCO CORP COM 574599106 511 45877 SH SOLE 12920 32957 0 MASTERCARD INC COM 57636Q104 1381 9663 SH SOLE 2470 7193 0 MATTEL INC COM 577081102 3259 203711 SH SOLE 7340 196371 0 MCAFEE INC COM 579064106 352 10171 SH SOLE 6090 4081 0 MCCORMICK & CO INC COM 579780206 611 19180 SH SOLE 1860 17320 0 MCDONALDS CORP COM 580135101 11860 190704 SH SOLE 8960 181744 0 MCGRAW-HILL COMPANIES INC COM 580645109 3075 132608 SH SOLE 9680 122928 0 MCKESSON H B O C INC COM 58155Q103 1300 33576 SH SOLE 4030 29546 0 MDS INC COM 55269P302 77 12555 SH SOLE 2210 10345 0 MEADWESTVACO CORPORATION COM 583334107 354 31674 SH SOLE 15040 16634 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 2369 56524 SH SOLE 4250 52274 0 MEDICAL PPTYS TRUST INC COM 58463J304 143 22700 SH SOLE 4430 18270 0 MEDTRONIC INC COM 585055106 3844 122338 SH SOLE 13710 108628 0 MEMC ELECTR MATLS INC COM 552715104 458 32065 SH SOLE 10720 21345 0 MENS WEARHOUSE INC COM 587118100 229 16920 SH SOLE 4070 12850 0 MENTOR CORP MINN COM 587188103 373 12050 SH SOLE 1410 10640 0 MERCK & CO INC COM 589331107 5099 167719 SH SOLE 17010 150709 0 MERCURY GEN CORP COM 589400100 215 4670 SH SOLE 1430 3240 0 MERIDIAN BIOSCIENCE INC COM 589584101 444 17415 SH SOLE 3180 14235 0 MERITAGE CORP COM 59001A102 187 15400 SH SOLE 4450 10950 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 15 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- MERRILL LYNCH & CO INC COM 590188108 2693 231353 SH SOLE 20382 210971 0 METHODE ELECTRS INC CL A COM 591520200 75 11150 SH SOLE 2640 8510 0 METLIFE INC COM 59156R108 2397 68760 SH SOLE 6250 62510 0 MICREL INC COM 594793101 177 24210 SH SOLE 8320 15890 0 MICROCHIP TECHNOLOGY INC COM 595017104 3612 184923 SH SOLE 4740 180183 0 MICRON TECHNOLOGY INC COM 595112103 195 73838 SH SOLE 11640 62198 0 MICROS SYSTEMS INC COM 594901100 546 33430 SH SOLE 4720 28710 0 MICROSEMI CORP COM 595137100 338 26730 SH SOLE 3060 23670 0 MICROSOFT CORP COM 594918104 23441 1205830 SH SOLE 69830 1136000 0 MID-AMER APT CMNTYS INC COM 59522J103 327 8790 SH SOLE 1860 6930 0 MILLIPORE CORP COM 601073109 263 5108 SH SOLE 840 4268 0 MITSUBISHI UFJ FINL GROUP INSP COM 606822104 2669 429845 SH SOLE 116440 313405 0 MITSUI & CO LTD ADR COM 606827202 770 3758 SH SOLE 1087 2671 0 MIZUHO FINL GROUP INC SPONSORE COM 60687Y109 1416 245430 SH SOLE 67620 177810 0 MKS INSTRS INC COM 55306N104 337 22760 SH SOLE 5610 17150 0 MOBILE MINI INC COM 60740F105 182 12640 SH SOLE 1290 11350 0 MODINE MANUFACTURING CO COM 607828100 107 21990 SH SOLE 21770 220 0 MOLEX INC COM 608554101 255 17583 SH SOLE 4240 13343 0 MOLSON COORS BREWING COMPANY COM 60871R209 475 9706 SH SOLE 0 9706 0 MONACO COACH CORP COM 60886R103 50 97420 SH SOLE 90800 6620 0 MONSANTO CO COM 61166W101 4080 57994 SH SOLE 4280 53714 0 MONSTER WORLDWIDE INC COM 611742107 156 12880 SH SOLE 1190 11690 0 MOODYS CORP COM 615369105 422 21005 SH SOLE 2050 18955 0 MOOG INC CL A COM 615394202 541 14795 SH SOLE 1810 12985 0 MORGAN STANLEY DEAN WITTER & C COM 617446448 1830 114088 SH SOLE 19070 95018 0 MOTOROLA INC COM 620076109 1214 274043 SH SOLE 70840 203203 0 MUELLER INDS INC COM 624756102 423 16880 SH SOLE 3020 13860 0 MURPHY OIL CORP COM 626717102 1161 26186 SH SOLE 6710 19476 0 MYERS INDS INC COM 628464109 102 12788 SH SOLE 5630 7158 0 MYLAN LABS INC COM 628530107 287 28990 SH SOLE 3930 25060 0 N C R CORP COM 62886E108 151 10650 SH SOLE 6290 4360 0 N T T DOCOMO INC COM 62942M201 1681 85680 SH SOLE 21030 64650 0 N V R INC COM 62944T105 208 456 SH SOLE 369 87 0 NABORS INDUSTRIES LTD COM G6359F103 542 45240 SH SOLE 18080 27160 0 NARA BANCORP INC COM 63080P105 137 13980 SH SOLE 5410 8570 0 NASDAQ STOCK MARKET INC COM 631103108 301 12186 SH SOLE 1060 11126 0 NATCO GROUP INC CL A COM 63227W203 152 10000 SH SOLE 2920 7080 0 NATIONAL BK GREECE S A SPONSOR COM 633643408 342 89799 SH SOLE 24926 64873 0 NATIONAL CITY CORP COM 635405103 445 245875 SH SOLE 156899 88976 0 NATIONAL FINL PARTNERS CORP COM 63607P208 154 50630 SH SOLE 39300 11330 0 NATIONAL GRID PLC SPON ADR COM 636274300 1584 31385 SH SOLE 7350 24035 0 NATIONAL PENN BANCSHARES INC COM 637138108 324 22350 SH SOLE 3690 18660 0 NATIONAL RETAIL PROPERTIES INC COM 637417106 413 24050 SH SOLE 5810 18240 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 452 44906 SH SOLE 20890 24016 0 NATIONAL-OILWELL INC COM 637071101 2473 101171 SH SOLE 3206 97965 0 NATUS MEDICAL INC DEL COM 639050103 168 12960 SH SOLE 3310 9650 0 NAUTILUS GROUP INC COM 63910B102 33 15030 SH SOLE 7800 7230 0 NAVIGATORS GROUP INC COM 638904102 253 4610 SH SOLE 510 4100 0 NEENAH PAPER INC COM 640079109 119 13450 SH SOLE 9870 3580 0 NETAPP INC COM 64110D104 692 49514 SH SOLE 15710 33804 0 NETGEAR INC COM 64111Q104 220 19310 SH SOLE 5730 13580 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 16 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- NEW JERSEY RESOURCES CORP COM 646025106 463 11755 SH SOLE 1450 10305 0 NEW YORK COMMUNITY BANCORP INC COM 649445103 247 20633 SH SOLE 15580 5053 0 NEW YORK TIMES CO COM 650111107 131 17904 SH SOLE 3750 14154 0 NEWELL RUBBERMAID INC COM 651229106 350 35818 SH SOLE 9730 26088 0 NEWMONT MINING CORP COM 651639106 1956 48048 SH SOLE 3650 44398 0 NEWS CORP CL A COM 65248E104 1751 192670 SH SOLE 0 192670 0 NEXEN INC COM 65334H102 405 23035 SH SOLE 6270 16765 0 NIKE INC CL B COM 654106103 7612 149256 SH SOLE 5730 143526 0 NIPPON TELEG & TEL CORP ADR SP COM 654624105 2453 90210 SH SOLE 22670 67540 0 NISOURCE INC COM 65473P105 521 47481 SH SOLE 18630 28851 0 NISSAN MOTORS SPONSORED ADR COM 654744408 335 46050 SH SOLE 13110 32940 0 NOBLE CORPORATION COM G65422100 3016 136542 SH SOLE 2330 134212 0 NOBLE ENERGY INC COM 655044105 852 17320 SH SOLE 1270 16050 0 NOKIA CORP ADR SPONSORED COM 654902204 2683 171971 SH SOLE 46680 125291 0 NOMURA HLDGS INC SPONSORED ADR COM 65535H208 701 84000 SH SOLE 23390 60610 0 NORDSTROM INC COM 655664100 260 19520 SH SOLE 1540 17980 0 NORFOLK SOUTHERN CORP COM 655844108 1854 39406 SH SOLE 3090 36316 0 NORTEL NETWORKS CORP COM 656568508 4 14963 SH SOLE 4798 10165 0 NORTHEAST UTILITIES COM 664397106 216 8980 SH SOLE 5920 3060 0 NORTHERN TRUST CORP COM 665859104 1297 24881 SH SOLE 1970 22911 0 NORTHROP GRUMMAN CORP COM 666807102 1193 26498 SH SOLE 4150 22348 0 NORTHWEST NATURAL GAS CO COM 667655104 324 7330 SH SOLE 820 6510 0 NOVARTIS AG SPONSORED ADR COM 66987V109 4446 89343 SH SOLE 34150 55193 0 NOVELL INC COM 670006105 134 34453 SH SOLE 4510 29943 0 NOVELLUS SYSTEMS INC COM 670008101 147 11900 SH SOLE 1180 10720 0 NOVO-NORDISK A S ADR COM 670100205 713 13884 SH SOLE 7110 6774 0 NSTAR COM 67019E107 257 7050 SH SOLE 4050 3000 0 NUCOR CORP COM 670346105 4917 106429 SH SOLE 9410 97019 0 NUTRI SYS INC COM 67069D108 270 18510 SH SOLE 7950 10560 0 NV ENERGY INC COM COM 67073Y106 140 14180 SH SOLE 10680 3500 0 NVIDIA CORP COM 67066G104 451 55828 SH SOLE 5665 50163 0 NYSE EURONEXT COM 629491101 1052 38411 SH SOLE 13930 24481 0 O CHARLEYS INC COM 670823103 122 61230 SH SOLE 56120 5110 0 O REILLY AUTOMOTIVE INC COM 686091109 244 7938 SH SOLE 5430 2508 0 OCCIDENTAL PETROLEUM CORP COM 674599105 5959 99328 SH SOLE 6322 93006 0 OFFICE DEPOT INC COM 676220106 366 122750 SH SOLE 99730 23020 0 OFFICEMAX INC COM 67622P101 318 41670 SH SOLE 23020 18650 0 OIL STS INTL INC COM 678026105 427 22830 SH SOLE 4620 18210 0 OLD DOMINION FGHT LINES INC COM 679580100 365 12810 SH SOLE 1975 10835 0 OLD NATL BANCORP IND COM 680033107 340 18710 SH SOLE 3030 15680 0 OLD REPUBLIC INTL CORP COM 680223104 216 18152 SH SOLE 14320 3832 0 OMNICELL INC COM 68213N109 129 10580 SH SOLE 1190 9390 0 OMNICOM GROUP COM 681919106 1412 52440 SH SOLE 3310 49130 0 ONEOK INC COM 682680103 227 7800 SH SOLE 5640 2160 0 OPTIONSXPRESS HLDGS INC COM 684010101 296 22120 SH SOLE 6810 15310 0 ORACLE SYSTEMS CORP COM 68389X105 10729 605134 SH SOLE 41601 563533 0 ORBITAL SCIENCES CORP COM 685564106 562 28780 SH SOLE 4120 24660 0 ORIX CORP ADR SPONSORED COM 686330101 232 8150 SH SOLE 2390 5760 0 OSHKOSH TRUCK CORP COM 688239201 160 17960 SH SOLE 16560 1400 0 OWENS & MINOR INC COM 690732102 446 11850 SH SOLE 1640 10210 0 OXFORD INDS INC COM 691497309 181 20640 SH SOLE 15560 5080 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 17 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- P F CHANGS CHINA BISTRO INC COM 69333Y108 230 11000 SH SOLE 2280 8720 0 P G&E CORP COM 69331C108 1480 38238 SH SOLE 3240 34998 0 P N C FINANCIAL CORP COM 693475105 1770 36116 SH SOLE 3104 33012 0 P P G INDS INC COM 693506107 761 17924 SH SOLE 1560 16364 0 P P L CORP COM 69351T106 2590 84402 SH SOLE 3600 80802 0 P S S WORLD MEDICAL INC COM 69366A100 390 20720 SH SOLE 2160 18560 0 PACCAR INC COM 693718108 1353 47316 SH SOLE 11295 36021 0 PACIFIC SUNWEAR CALIF INC COM 694873100 74 46590 SH SOLE 46210 380 0 PACTIV CORP COM 695257105 388 15598 SH SOLE 1740 13858 0 PALL CORP COM 696429307 348 12226 SH SOLE 1130 11096 0 PALOMAR MED TECHNOLOGIES INC COM 697529303 192 16630 SH SOLE 9560 7070 0 PANASONIC CORP ADR COM 69832A205 1151 92485 SH SOLE 24390 68095 0 PANERA BREAD CO CL A COM 69840W108 716 13710 SH SOLE 2080 11630 0 PAPA JOHNS INTL INC COM 698813102 200 10830 SH SOLE 2920 7910 0 PAR PHARMACEUTICAL COMPANIES I COM 69888P106 159 11890 SH SOLE 1730 10160 0 PAREXEL INTL CORP COM 699462107 175 18050 SH SOLE 2130 15920 0 PARK ELECTROCHEMICAL CORP COM 700416209 198 10450 SH SOLE 3160 7290 0 PARKER HANNIFIN CORP COM 701094104 744 17492 SH SOLE 1315 16177 0 PATTERSON COS INC COM 703395103 441 23530 SH SOLE 7490 16040 0 PATTERSON-UTI ENERGY INC COM 703481101 176 15270 SH SOLE 12230 3040 0 PAYCHEX INC COM 704326107 2884 109736 SH SOLE 10350 99386 0 PEABODY ENERGY CORP COM 704549104 625 27490 SH SOLE 2070 25420 0 PEARSON PLC ADR SPONSORED COM 705015105 1677 175823 SH SOLE 11190 164633 0 PEDIATRIX MEDICAL GROUP COM 705324101 517 16306 SH SOLE 2720 13586 0 PENN VIRGINIA CORP COM 707882106 478 18410 SH SOLE 3530 14880 0 PENN WEST ENERGY TR UNIT COM 707885109 267 23990 SH SOLE 5440 18550 0 PENNEY J C INC COM 708160106 500 25382 SH SOLE 6660 18722 0 PENNSYLVANIA REAL ESTATE INV S COM 709102107 200 26910 SH SOLE 16750 10160 0 PEOPLES UNITED FINANCIAL COM 712704105 475 26635 SH SOLE 2110 24525 0 PEP BOYS MANNY MOE & JACK COM 713278109 124 29970 SH SOLE 20690 9280 0 PEPCO HLDGS INC COM 713291102 437 24595 SH SOLE 9040 15555 0 PEPSI BOTTLING GROUP INC COM 713409100 386 17160 SH SOLE 2020 15140 0 PEPSICO INC COM 713448108 17672 322658 SH SOLE 15390 307268 0 PERFICIENT INC COM 71375U101 120 25030 SH SOLE 14290 10740 0 PERICOM SEMICONDUCTOR CORP COM 713831105 111 20180 SH SOLE 12200 7980 0 PERKINELMER INC COM 714046109 224 16114 SH SOLE 1920 14194 0 PETMED EXPRESS INC COM 716382106 236 13360 SH SOLE 5010 8350 0 PETROBRAS BRASILEIRO ADR SPONS COM 71654V408 580 23700 SH SOLE 18280 5420 0 PETROBRAS BRASILEIRO SPONSORED COM 71654V101 2038 99840 SH SOLE 42270 57570 0 PETROCHINA CO LTD SPONSORED AD COM 71646E100 1603 18018 SH SOLE 5950 12068 0 PETROLEUM DEV CORP COM 716578109 252 10470 SH SOLE 3840 6630 0 PETROQUEST ENERGY INC COM 716748108 177 26120 SH SOLE 7330 18790 0 PETRO-CDA COM 71644E102 491 22445 SH SOLE 5960 16485 0 PFIZER INC COM 717081103 8491 479431 SH SOLE 0 479431 0 PHARMACEUTICAL PRODUCT DEVELOP COM 717124101 266 9170 SH SOLE 5840 3330 0 PHARMACEUTICALS INC COM 495582108 301 28382 SH SOLE 3280 25102 0 PHARMERICA CORP COM 71714F104 171 10912 SH SOLE 1440 9472 0 PHASE FORWARD INC COM 71721R406 167 13370 SH SOLE 1550 11820 0 PHILIP MORRIS INTL INC COM 718172109 6399 147078 SH SOLE 0 147078 0 PHILIPS ELECTRONICS - NY SHR COM 500472303 997 50193 SH SOLE 12890 37303 0 PIEDMONT NATURAL GAS INC COM 720186105 751 23710 SH SOLE 2640 21070 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 18 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- PINNACLE ENTMT INC COM 723456109 94 12210 SH SOLE 0 12210 0 PINNACLE WEST CAPTIAL CORP COM 723484101 1924 59884 SH SOLE 4870 55014 0 PIONEER DRILLING CO COM 723655106 124 22310 SH SOLE 6200 16110 0 PIONEER NATURAL RESOURCES CO COM 723787107 185 11430 SH SOLE 1410 10020 0 PIPER JAFFRAY COS COM 724078100 219 5520 SH SOLE 700 4820 0 PITNEY BOWES INC COM 724479100 2135 83780 SH SOLE 3170 80610 0 PLEXUS CORP COM 729132100 314 18530 SH SOLE 4490 14040 0 PLUM CREEK TIMBER CO INC COM 729251108 707 20345 SH SOLE 1510 18835 0 POLARIS INDS INC COM 731068102 350 12220 SH SOLE 1560 10660 0 POLO RALPH LAUREN CORP CL A ST COM 731572103 281 6191 SH SOLE 640 5551 0 POLYONE CORP COM 73179P106 123 39030 SH SOLE 18300 20730 0 POOL CORP COM 73278L105 414 23015 SH SOLE 5730 17285 0 PORTFOLIO RECOVERY ASSOCS IN COM 73640Q105 274 8100 SH SOLE 2050 6050 0 PORTUGAL TELCM SGPS SA SPONSOR COM 737273102 1456 169717 SH SOLE 14320 155397 0 POSCO SPONSORED ADR COM 693483109 1376 18289 SH SOLE 7970 10319 0 POST PPTYS INC COM 737464107 255 15460 SH SOLE 4690 10770 0 POTASH CORP SASK INC COM 73755L107 981 13395 SH SOLE 3770 9625 0 PRAXAIR INC COM 74005P104 2631 44326 SH SOLE 2590 41736 0 PRECISION CASTPARTS CORP COM 740189105 4435 74563 SH SOLE 1160 73403 0 PRICELINE COM INC COM 741503403 212 2880 SH SOLE 1960 920 0 PRIDE INTERNATIONAL INC COM 74153Q102 165 10350 SH SOLE 6860 3490 0 PRINCIPAL FINL GROUP INC COM 74251V102 622 27580 SH SOLE 5560 22020 0 PRIVATEBANCORP INC COM 742962103 396 12210 SH SOLE 2180 10030 0 PROASSURANCE CORP COM 74267C106 623 11800 SH SOLE 1320 10480 0 PROCTER & GAMBLE COM 742718109 24465 395743 SH SOLE 23301 372442 0 PROGRESS ENERGY COM 743263105 1258 31573 SH SOLE 4260 27313 0 PROGRESS SOFTWARE CORP COM 743312100 304 15790 SH SOLE 1700 14090 0 PROGRESSIVE CORP OHIO COM 743315103 1288 87000 SH SOLE 19160 67840 0 PROLOGIS COM 743410102 849 61120 SH SOLE 39580 21540 0 PROSPERITY BANCSHARES INC COM 743606105 421 14230 SH SOLE 1710 12520 0 PROTECTIVE LIFE CORP COM 743674103 162 11320 SH SOLE 9780 1540 0 PROVIDENT BANKSHARES CORP COM 743859100 122 12660 SH SOLE 4740 7920 0 PRUDENTIAL FINL INC COM 744320102 1360 44947 SH SOLE 6445 38502 0 PRUDENTIAL PLC ADR COM 74435K204 694 54860 SH SOLE 15400 39460 0 PS BUSINESS PKS INC CALIF COM 69360J107 204 4570 SH SOLE 620 3950 0 PUBLIC SERVICE ENTERPRISES COM 744573106 1682 57660 SH SOLE 4676 52984 0 PUBLIC STORAGE 6.450% SERIES F PREFERRED STOCKS 74460D380 704 36665 SH SOLE 0 36665 0 PUBLIC STORAGE INC COM 74460D109 1012 12732 SH SOLE 997 11735 0 PUGET ENERGY INC COM 745310102 221 8090 SH SOLE 5230 2860 0 PULTE CORP COM 745867101 212 19386 SH SOLE 1750 17636 0 QLOGIC CORP COM 747277101 215 15980 SH SOLE 2270 13710 0 QUALCOMM INC COM 747525103 11154 311292 SH SOLE 17640 293652 0 QUALITY SYS INC COM 747582104 428 9820 SH SOLE 2340 7480 0 QUANEX BUILDING PRODUCTS CORCO COM 747619104 110 11707 SH SOLE 2175 9532 0 QUANTA SERVICES INC COM 74762E102 224 11323 SH SOLE 7780 3543 0 QUEST DIAGNOSTICS INC COM 74834L100 1047 20160 SH SOLE 1680 18480 0 QUESTAR CORP COM 748356102 1312 40140 SH SOLE 5530 34610 0 QUICKSILVER RES INC COM 74837R104 78 14040 SH SOLE 11830 2210 0 QUIKSILVER INC COM 74838C106 133 72510 SH SOLE 38340 34170 0 QWEST COMMUNICATIONS INTL INC COM 749121109 650 178452 SH SOLE 41430 137022 0 R L I CORP ILL COM 749607107 392 6410 SH SOLE 670 5740 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 19 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- RADIOSHACK CORP COM 750438103 152 12765 SH SOLE 1290 11475 0 RANGE RES CORP COM 75281A109 670 19475 SH SOLE 4490 14985 0 RAYONIER INC COM 754907103 316 10077 SH SOLE 3250 6827 0 RAYTHEON CO COM 755111507 1660 32514 SH SOLE 3540 28974 0 REED ELSEVIER N V SPONS ADR COM 758204200 567 23512 SH SOLE 5433 18079 0 REED ELSEVIER P L C SPONS ADR COM 758205207 603 20224 SH SOLE 4757 15467 0 REGAL BELOIT CORP COM 758750103 324 8520 SH SOLE 1390 7130 0 REGENCY CTRS CORP COM 758849103 226 4850 SH SOLE 3610 1240 0 REGENERON PHARMACEUTICALS COM 75886F107 378 20600 SH SOLE 2430 18170 0 REGIONS FINANCIAL CORP COM 7591EP100 659 82837 SH SOLE 18002 64835 0 REPSOL YPF S A ADR SPONSORED COM 76026T205 936 43499 SH SOLE 11310 32189 0 REPUBLIC SVCS INC COM 760759100 500 20186 SH SOLE 3446 16740 0 RESEARCH IN MOTION LTD COM 760975102 898 22140 SH SOLE 6110 16030 0 RESMED INC COM 761152107 238 6350 SH SOLE 3850 2500 0 REYNOLDS AMERICAN INC COM 761713106 383 9510 SH SOLE 0 9510 0 RIO TINTO PLC ADR SPONSORED COM 767204100 833 9369 SH SOLE 2698 6671 0 ROBERT HALF INTL INC COM 770323103 512 24600 SH SOLE 8780 15820 0 ROCKWELL AUTOMATION INC COM 773903109 695 21570 SH SOLE 7040 14530 0 ROCKWELL COLLINS INC COM 774341101 977 24982 SH SOLE 7130 17852 0 ROCK-TENN CO CL A COM 772739207 371 10860 SH SOLE 1570 9290 0 ROGERS COMMUNICATIONS INC CL B COM 775109200 792 26315 SH SOLE 7270 19045 0 ROGERS CORP COM 775133101 215 7760 SH SOLE 860 6900 0 ROHM & HAAS CO COM 775371107 885 14329 SH SOLE 1100 13229 0 ROPER INDS INC COM 776696106 285 6570 SH SOLE 3980 2590 0 ROSS STORES INC COM 778296103 300 10090 SH SOLE 6660 3430 0 ROWAN COMPANIES INC COM 779382100 180 11333 SH SOLE 1040 10293 0 ROYAL BANK SCOTLAND GROUP PLC COM 780097689 528 34773 SH SOLE 10308 24465 0 ROYAL BK CDA MONTREAL QUE COM 780087102 1969 66375 SH SOLE 17610 48765 0 ROYAL DUTCH SHELL PLC SPON ADR COM 780259107 3259 63365 SH SOLE 17320 46045 0 ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 4309 81394 SH SOLE 21630 59764 0 RUBY TUESDAY INC COM 781182100 126 80470 SH SOLE 71940 8530 0 RUDOLPH TECHNOLOGIES INC COM 781270103 47 13200 SH SOLE 6610 6590 0 RUSS BERRIE & CO INC COM 782233100 57 19110 SH SOLE 15240 3870 0 RUTHS CHRIS STEAK HSE INC COM 783332109 78 56800 SH SOLE 51720 5080 0 RYANAIR HLDGS PLC ADR SPONSORE COM 783513104 311 10700 SH SOLE 2490 8210 0 RYDER SYSTEM INC COM 783549108 289 7440 SH SOLE 2020 5420 0 S E I INVESTMENTS CO COM 784117103 187 11890 SH SOLE 8600 3290 0 S L M CORPORATION COM 78442P106 698 78455 SH SOLE 34420 44035 0 S P D R TRUST SERIES 1 COM 78462F103 1849 20485 SH SOLE 0 20485 0 S & T BANCORP INC COM 783859101 249 7010 SH SOLE 680 6330 0 SAFEWAY INC COM 786514208 1076 45255 SH SOLE 4210 41045 0 SAIC INC COM 78390X101 213 10910 SH SOLE 8270 2640 0 SALESFORCE COM INC COM 79466L302 605 18886 SH SOLE 9510 9376 0 SALIX PHARMACEUTICALS LTD COM 795435106 178 20190 SH SOLE 3970 16220 0 SANDERSON FARMS INC COM 800013104 211 6100 SH SOLE 720 5380 0 SANDISK CORP COM 80004C101 439 45779 SH SOLE 25910 19869 0 SANOFI-SYNTHELABO COM 80105N105 619 19248 SH SOLE 0 19248 0 SANTOS LTD ADR SPONSORED COM 803021609 2334 52748 SH SOLE 1950 50798 0 SAP AG ADR SPON COM 803054204 1634 45100 SH SOLE 11700 33400 0 SARA LEE CORP COM 803111103 749 76508 SH SOLE 7840 68668 0 SASOL LTD SPONSORED ADR COM 803866300 297 9808 SH SOLE 7550 2258 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 20 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SAVIENT PHARMACEUTICALS INC COM 80517Q100 88 15260 SH SOLE 1600 13660 0 SCANA CORP COM 80589M102 744 20891 SH SOLE 5190 15701 0 SCHEIN HENRY INC COM 806407102 255 6950 SH SOLE 3640 3310 0 SCHERING PLOUGH CORP COM 806605101 2412 141641 SH SOLE 13260 128381 0 SCHLUMBERGER COM 806857108 6601 155952 SH SOLE 15990 139962 0 SCHWAB CHARLES CORP COM 808513105 2234 138172 SH SOLE 8010 130162 0 SCRIPPS E W CO OHIO CL A COM 811054402 116 52670 SH SOLE 51530 1140 0 SCRIPPS NETWORKS INTERACT INCL COM 811065101 336 15260 SH SOLE 1970 13290 0 SEACOR SMIT INC COM 811904101 601 9020 SH SOLE 1260 7760 0 SEALED AIR CORP COM 81211K100 243 16287 SH SOLE 1650 14637 0 SEARS HLDGS CORP COM 812350106 564 14512 SH SOLE 9190 5322 0 SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 2013 160804 SH SOLE 0 160804 0 SELECTIVE INSURANCE GROUP INC COM 816300107 407 17760 SH SOLE 2230 15530 0 SEMPRA ENERGY CORP COM 816851109 1193 27990 SH SOLE 2290 25700 0 SENIOR HOUSING PROPERTY TRUST COM 81721M109 614 34260 SH SOLE 6990 27270 0 SEPRACOR INC COM 817315104 180 16360 SH SOLE 13120 3240 0 SERVICE CORP INTL COM 817565104 66 13190 SH SOLE 8880 4310 0 SHAW COMMUNICATIONS INC CL B C COM 82028K200 374 21179 SH SOLE 5300 15879 0 SHERWIN WILLIAMS CO COM 824348106 906 15168 SH SOLE 3920 11248 0 SHINHAN FINANCIAL GROUP CO LSP COM 824596100 576 12205 SH SOLE 5450 6755 0 SHIRE PHARMACEUTICALS GROUP AD COM 82481R106 557 12447 SH SOLE 0 12447 0 SHUFFLE MASTER INC COM 825549108 65 13140 SH SOLE 0 13140 0 SIEMENS A G SPONSORED ADR COM 826197501 3097 40885 SH SOLE 11410 29475 0 SIGMA ALDRICH CORP COM 826552101 654 15488 SH SOLE 1330 14158 0 SIGNATURE BK NEW YORK N Y COM 82669G104 426 14860 SH SOLE 2420 12440 0 SIMON PPTY GROUP INC COM 828806109 1318 24800 SH SOLE 3040 21760 0 SIMPSON MANUFACTURING CO INC COM 829073105 444 15980 SH SOLE 2540 13440 0 SIRIUS XM RADIO INC COM COM 82967N108 5 41458 SH SOLE 0 41458 0 SK TELECOM LTD ADR SPONSORED COM 78440P108 457 25129 SH SOLE 10180 14949 0 SKYWEST INC COM 830879102 464 24960 SH SOLE 4750 20210 0 SKYWORKS SOLUTIONS INC COM 83088M102 279 50280 SH SOLE 5550 44730 0 SMITH INTL INC COM 832110100 662 28936 SH SOLE 8250 20686 0 SMITH MICRO SOFTWARE INC COM 832154108 115 20600 SH SOLE 10900 9700 0 SMITH & NEPHEW P L C ADR SPONS COM 83175M205 422 13052 SH SOLE 2940 10112 0 SMITHFIELD FOODS INC COM 832248108 178 12656 SH SOLE 10510 2146 0 SMUCKER J M CO COM 832696405 579 13360 SH SOLE 1150 12210 0 SNAP ON TOOLS CORP COM 833034101 394 10015 SH SOLE 470 9545 0 SONIC AUTOMOTIVE INC CL A COM 83545G102 178 44780 SH SOLE 37840 6940 0 SONIC CORP COM 835451105 255 20935 SH SOLE 3250 17685 0 SONIC SOLUTIONS COM 835460106 29 16260 SH SOLE 7890 8370 0 SONY CORP - ADR COM 835699307 739 33773 SH SOLE 0 33773 0 SOTHEBY HOLDINGS INC CL A COM 835898107 123 13880 SH SOLE 13460 420 0 SOUTH FINANCIAL GROUP INC COM 837841105 129 29770 SH SOLE 13230 16540 0 SOUTH JERSEY INDS INC COM 838518108 329 8260 SH SOLE 1000 7260 0 SOUTHERN CO COM 842587107 2881 77869 SH SOLE 6350 71519 0 SOUTHWEST AIRLINES CO COM 844741108 679 78796 SH SOLE 8720 70076 0 SOUTHWEST GAS CORP COM 844895102 310 12300 SH SOLE 1890 10410 0 SOUTHWESTERN ENERGY CO COM 845467109 1014 35014 SH SOLE 2660 32354 0 SOVEREIGN BANCORP INC COM 845905108 127 42451 SH SOLE 12558 29893 0 SOVRAN SELF STORAGE INC COM 84610H108 282 7830 SH SOLE 2150 5680 0 SPARTAN MTRS INC COM 846819100 98 20620 SH SOLE 12280 8340 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 21 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- SPARTAN STORES INC COM 846822104 235 10110 SH SOLE 2400 7710 0 SPECTRA ENERGY CORP COM 847560109 1122 71284 SH SOLE 13403 57881 0 SPHERION CORP COM 848420105 119 53810 SH SOLE 41300 12510 0 SPRINT CORP COM 852061100 516 281842 SH SOLE 37662 244180 0 ST JUDE MEDICAL INC COM 790849103 1428 43338 SH SOLE 7340 35998 0 ST MARY LAND & EXPLORATION CO COM 792228108 581 28610 SH SOLE 5910 22700 0 STAGE STORES INC COM 85254C305 164 19864 SH SOLE 10072 9792 0 STAMPS COM INC COM 852857200 152 15440 SH SOLE 10050 5390 0 STANDARD MOTOR PRODUCTS INC COM 853666105 149 43180 SH SOLE 40480 2700 0 STANDARD PACIFIC CORP COM 85375C101 112 62720 SH SOLE 31160 31560 0 STANDARD REGISTER CO COM 853887107 92 10280 SH SOLE 7170 3110 0 STANLEY WORKS COM 854616109 273 8008 SH SOLE 650 7358 0 STAPLES INC COM 855030102 1352 75432 SH SOLE 6455 68977 0 STARBUCKS CORP COM 855244109 929 98230 SH SOLE 25420 72810 0 STARTEK INC COM 85569C107 66 14820 SH SOLE 12010 2810 0 STARWOOD HOTELS & RESORTS WRLD COM 85590A401 284 15890 SH SOLE 0 15890 0 STATE STREET CORP COM 857477103 1691 43001 SH SOLE 3417 39584 0 STATOIL ASA SPONSORED ADR COM 85771P102 939 56363 SH SOLE 14377 41986 0 STEEL DYNAMICS INC COM 858119100 175 15640 SH SOLE 12840 2800 0 STEIN MART INC COM 858375108 80 70510 SH SOLE 64780 5730 0 STERICYCLE INC COM 858912108 582 11174 SH SOLE 740 10434 0 STERLING BANCSHARES INC COM 858907108 113 18650 SH SOLE 2230 16420 0 STERLING FINL CORP WASH COM 859319105 283 32209 SH SOLE 16745 15464 0 STEWARD SMALL-MID CAP ENHANCED MUTUAL FUNDS 14068H102 70 10029 SH SOLE 0 10029 0 STEWART INFORMATION SVCS COM 860372101 243 10350 SH SOLE 5810 4540 0 STIFEL FINL CORP COM 860630102 479 10455 SH SOLE 1420 9035 0 STMICROELECTRONICS N V SHS-N Y COM 861012102 197 29675 SH SOLE 8780 20895 0 STONE ENERGY CORP COM 861642106 113 10280 SH SOLE 1460 8820 0 STRATASYS INC COM 862685104 125 11600 SH SOLE 2660 8940 0 STRAYER ED INC COM 863236105 270 1257 SH SOLE 745 512 0 STRYKER CORP COM 863667101 5354 134008 SH SOLE 5550 128458 0 SUN LIFE FINL INC COM 866796105 628 27155 SH SOLE 7840 19315 0 SUN MICROSYSTEMS INC CO COM 866810203 352 92140 SH SOLE 18297 73843 0 SUNCOR ENERGY INC COM 867229106 806 41350 SH SOLE 11240 30110 0 SUNOCO INC COM 86764P109 889 20449 SH SOLE 9050 11399 0 SUNTRUST BANKS INC COM 867914103 1163 39370 SH SOLE 7260 32110 0 SUPERIOR INDS INTL INC COM 868168105 114 10850 SH SOLE 5260 5590 0 SUPERIOR WELL SVCS INC COM 86837X105 124 12360 SH SOLE 6270 6090 0 SUPERVALU INC COM 868536103 655 44835 SH SOLE 25560 19275 0 SUSQUEHANNA BANCSHARES INC COM 869099101 439 27619 SH SOLE 6980 20639 0 SWIFT ENERGY CO COM 870738101 254 15120 SH SOLE 4320 10800 0 SYKES ENTERPRISES INC COM 871237103 270 14140 SH SOLE 2580 11560 0 SYMANTEC CORP COM 871503108 1203 89007 SH SOLE 7862 81145 0 SYMMETRICOM INC COM 871543104 59 14860 SH SOLE 4520 10340 0 SYMMETRY MED INC COM 871546206 133 16650 SH SOLE 4520 12130 0 SYNAPTICS INC COM 87157D109 241 14545 SH SOLE 2660 11885 0 SYNGENTA AG ADR SPONSORED COM 87160A100 1045 26710 SH SOLE 6710 20000 0 SYNNEX CORP COM 87162W100 166 14610 SH SOLE 10400 4210 0 SYNOPSYS INC COM 871607107 194 10480 SH SOLE 7870 2610 0 SYNOVUS FINANCIAL CORP COM 87161C105 125 15050 SH SOLE 10310 4740 0 SYSCO CORP COM 871829107 3094 134867 SH SOLE 12150 122717 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 22 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- T C F FINANCIAL CORP COM 872275102 554 40528 SH SOLE 5330 35198 0 T H Q INC COM 872443403 73 17447 SH SOLE 0 17447 0 T J X COMPANIES INC COM 872540109 1429 69473 SH SOLE 13770 55703 0 T ROWE PRICE GROUP INC COM 74144T108 968 27320 SH SOLE 2050 25270 0 TAIWAN SEMICONDUCTOR MFG CO AD COM 874039100 2606 329865 SH SOLE 131829 198036 0 TAKE-TWO INTERACTIVE SOFTWARE COM 874054109 120 15895 SH SOLE 0 15895 0 TALEO CORP CL A COM 87424N104 87 11110 SH SOLE 1850 9260 0 TALISMAN ENERGY INC COM 87425E103 456 45660 SH SOLE 12060 33600 0 TANGER FACTORY OUTLET CTRS COM 875465106 344 9150 SH SOLE 1330 7820 0 TARGET CORP COM 87612E106 7500 217213 SH SOLE 6030 211183 0 TDK CORP ADR COM 872351408 289 7755 SH SOLE 2170 5585 0 TECHNITROL INC COM 878555101 164 47010 SH SOLE 37570 9440 0 TECK COMINCO LTD CL B COM 878742204 137 27917 SH SOLE 5433 22484 0 TECO ENERGY INC COM 872375100 376 30450 SH SOLE 9760 20690 0 TEKELEC COM 879101103 273 20470 SH SOLE 2250 18220 0 TELE NORTE LESTE PART S A SPON COM 879246106 259 18595 SH SOLE 7610 10985 0 TELECOM CORP NEW ZEALAND LTDAD COM 879278208 146 21724 SH SOLE 6018 15706 0 TELECOM ITALIA S P A NEW SPONS COM 87927Y102 775 47687 SH SOLE 13770 33917 0 TELEDYNE TECHNOLOGIES INC COM 879360105 667 14970 SH SOLE 2150 12820 0 TELEFONICA S A ADR SPONSORED COM 879382208 4890 72565 SH SOLE 20200 52365 0 TELEFONOS DE MEXICO S A ADR RE COM 879403780 524 25035 SH SOLE 9110 15925 0 TELEPHONE & DATA SYSEMS INC COM 879433100 212 6670 SH SOLE 4400 2270 0 TELLABS INC COM 879664100 170 41319 SH SOLE 4204 37115 0 TELUS CORP NON-VTG SHS COM 87971M202 555 19521 SH SOLE 5020 14501 0 TEMPLE INLAND INC COM 879868107 150 31310 SH SOLE 29840 1470 0 TENARIS S A SPONSORED ADR COM 88031M109 285 13574 SH SOLE 6330 7244 0 TENET HEALTHCARE CORP COM 88033G100 39 34311 SH SOLE 0 34311 0 TERADATA CORP COM 88076W103 311 21000 SH SOLE 2110 18890 0 TERADYNE INC COM 880770102 73 17265 SH SOLE 1870 15395 0 TESORO PETE CORP COM 881609101 495 37568 SH SOLE 25190 12378 0 TETRA TECH INC COM 88162G103 459 19020 SH SOLE 2280 16740 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 178 36694 SH SOLE 10480 26214 0 TEVA PHARMACEUTICAL INDS LTDAD COM 881624209 993 23326 SH SOLE 14380 8946 0 TEXAS INDS INC COM 882491103 275 7980 SH SOLE 1180 6800 0 TEXAS INSTRUMENTS INC COM 882508104 4028 259533 SH SOLE 22410 237123 0 TEXAS ROADHOUSE INC CL A COM 882681109 132 17080 SH SOLE 1760 15320 0 TEXTRON INC COM 883203101 2016 145383 SH SOLE 9130 136253 0 THE RESERVE PRIMARY FUND - H&R MUTUAL FUNDS RPFXX9999 163 168105 SH SOLE 0 168105 0 THERMO ELECTRON CORP COM 883556102 1488 43675 SH SOLE 3670 40005 0 THOMSON CORP COM 884903105 461 15830 SH SOLE 3740 12090 0 THOMSON MULTIMEDIA ADR SPONSOR COM 885118109 16 11705 SH SOLE 4190 7515 0 THOMSON REUTERS PLC SPON ADR COM 885141101 313 2306 SH SOLE 648 1658 0 TICKETMASTER COM 88633P302 90 13974 SH SOLE 1530 12444 0 TIFFANY & CO COM 886547108 317 13420 SH SOLE 1090 12330 0 TIME WARNER INC COM 887317105 2790 277360 SH SOLE 0 277360 0 TITANIUM METALS CORP COM 888339207 392 44497 SH SOLE 42450 2047 0 TORCHMARK CORP COM 891027104 433 9684 SH SOLE 790 8894 0 TORO CO COM 891092108 545 16508 SH SOLE 2810 13698 0 TORONTO DOMINION BK ONT COM 891160509 1460 40709 SH SOLE 10810 29899 0 TOTAL FINA ELF S A ADR SPONS COM 89151E109 7543 136404 SH SOLE 29670 106734 0 TOTAL SYS SVCS INC COM 891906109 543 38777 SH SOLE 12951 25826 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 23 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- TOYOTA MTR CORP ADR 1 SH COM 892331307 4026 61525 SH SOLE 16710 44815 0 TRACTOR SUPPLY CO COM 892356106 492 13610 SH SOLE 2170 11440 0 TRADESTATION GROUP INC COM 89267P105 166 25810 SH SOLE 15690 10120 0 TRANSALTA CORP COM 89346D107 412 20610 SH SOLE 3980 16630 0 TRANSCANADA CORP COM 89353D107 1310 48281 SH SOLE 8580 39701 0 TRANSOCEAN LTD ZUG NAMEN AKT COM H8817H100 2869 60722 SH SOLE 0 60722 0 TRAVELERS COMPANIES INC COM 89417E109 2845 62936 SH SOLE 4980 57956 0 TREEHOUSE FOODS INC COM 89469A104 291 10674 SH SOLE 1300 9374 0 TRIQUINT SEMICONDUCTOR INC COM 89674K103 114 33180 SH SOLE 4290 28890 0 TRIUMPH GROUP INC COM 896818101 211 4970 SH SOLE 770 4200 0 TRUE RELIGION APPAREL INC COM 89784N104 185 14840 SH SOLE 8290 6550 0 TRUEBLUE INC COM 89785X101 137 14320 SH SOLE 1550 12770 0 TRUSTCO BANK CORP N Y COM 898349105 199 20960 SH SOLE 3990 16970 0 TTM TECHNOLOGIES INC COM 87305R109 125 23980 SH SOLE 8240 15740 0 TUESDAY MORNING CORP COM 899035505 86 52800 SH SOLE 46180 6620 0 TWEEN BRANDS INC COM 901166108 72 16640 SH SOLE 9980 6660 0 TYCO ELECTRONICS COM G9144P105 859 53012 SH SOLE 8800 44212 0 TYCO INTERNATIONAL LTD WHEN IS COM G9143X208 1150 53220 SH SOLE 7030 46190 0 TYLER TECHNOLOGIES INC COM 902252105 171 14280 SH SOLE 3120 11160 0 TYSON FOODS INC CL A COM 902494103 380 43390 SH SOLE 20320 23070 0 U C B H HOLDINGS INC COM 90262T308 278 40410 SH SOLE 6390 34020 0 U I L HOLDINGS CORP COM 902748102 245 8152 SH SOLE 1890 6262 0 U N U M PROVIDENT CORP COM 91529Y106 625 33615 SH SOLE 3290 30325 0 U S BANCORP COM 902973304 10568 422554 SH SOLE 16660 405894 0 U S T INC COM 902911106 620 8939 SH SOLE 0 8939 0 UBS AG COM H89231338 1815 126891 SH SOLE 35223 91668 0 UMB FINL CORP COM 902788108 423 8600 SH SOLE 1160 7440 0 UMPQUA HLDGS CORP COM 904214103 287 19860 SH SOLE 5560 14300 0 UNIBANCO-UNIAO DE BANCOS BRAGD COM 90458E107 465 7195 SH SOLE 3180 4015 0 UNILEVER N V COM 904784709 2282 92953 SH SOLE 23680 69273 0 UNILEVER PLC ADR SPON NEW COM 904767704 1665 72343 SH SOLE 18104 54239 0 UNION PACIFIC CORP COM 907818108 3213 67224 SH SOLE 4100 63124 0 UNISOURCE ENERGY CORP COM 909205106 296 10080 SH SOLE 1520 8560 0 UNITED BANKSHARES INC W VA COM 909907107 365 10990 SH SOLE 1550 9440 0 UNITED CMNTY BKS BLAIRSVLE GCA COM 90984P105 188 13810 SH SOLE 1594 12215 0 UNITED FIRE & CAS CO COM 910331107 201 6460 SH SOLE 1000 5460 0 UNITED MICROELECTRONICS CORP S COM 910873405 219 111835 SH SOLE 32659 79176 0 UNITED NATURAL FOODS INC COM 911163103 276 15480 SH SOLE 1910 13570 0 UNITED ONLINE INC COM 911268100 247 40630 SH SOLE 12470 28160 0 UNITED PARCEL SERVICE INC CL B COM 911312106 5609 101690 SH SOLE 7860 93830 0 UNITED STATES STEEL CORP COM 912909108 535 14376 SH SOLE 3700 10676 0 UNITED STATIONERS INC COM 913004107 269 8020 SH SOLE 1050 6970 0 UNITED TECHNOLOGIES CORP COM 913017109 12679 236544 SH SOLE 7460 229084 0 UNITEDHEALTH GROUP INC COM 91324P102 3910 146993 SH SOLE 17894 129099 0 UNIVERSAL TECHNICAL INST INC COM 913915104 180 10480 SH SOLE 2690 7790 0 URBAN OUTFITTERS INC COM 917047102 160 10700 SH SOLE 8220 2480 0 USB CAPITAL VI 5.750% 03/09/35 PREFERRED STOCKS 903304202 766 39540 SH SOLE 0 39540 0 V F CORP COM 918204108 1232 22491 SH SOLE 920 21571 0 VALERO ENERGY CORP COM 91913Y100 1226 56640 SH SOLE 11040 45600 0 VALMONT INDS INC COM 920253101 392 6390 SH SOLE 710 5680 0 VALUECLICK INC COM 92046N102 72 10530 SH SOLE 9930 600 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 24 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- VARIAN MEDICAL SYSTEMS CORP COM 92220P105 1679 47910 SH SOLE 7030 40880 0 VARIAN SEMICONDUCTOR EQUIPMENT COM 922207105 578 31877 SH SOLE 4950 26927 0 VECTREN CORP COM 92240G101 1268 50718 SH SOLE 3140 47578 0 VEOLIA ENVIROMENT SPONSORED AD COM 92334N103 651 20535 SH SOLE 5220 15315 0 VERISIGN INC COM 92343E102 579 30330 SH SOLE 10570 19760 0 VERIZON COMMUNICATIONS COM 92343V104 9464 279160 SH SOLE 24070 255090 0 VERTEX PHARMACEUTICALS INC COM 92532F100 303 9990 SH SOLE 5890 4100 0 VIACOM INC NEW CL B COM 92553P201 1197 62810 SH SOLE 0 62810 0 VIAD CORP COM 92552R406 265 10720 SH SOLE 3390 7330 0 VIASAT INC COM 92552V100 293 12150 SH SOLE 2330 9820 0 VIROPHARMA INC COM 928241108 513 39410 SH SOLE 10360 29050 0 VISA INC COM CL A COM 92826C839 467 8900 SH SOLE 0 8900 0 VISHAY INTERTECHNOLOGY INC COM 928298108 59 17110 SH SOLE 15120 1990 0 VODAFONE GROUP INC COM 92857W209 4978 243518 SH SOLE 65883 177635 0 VOLCOM INC COM 92864N101 121 11130 SH SOLE 5210 5920 0 VOLT INFORMATION SCIENCES INC COM 928703107 89 12315 SH SOLE 9275 3040 0 VORNADO RLTY TR COM 929042109 895 14830 SH SOLE 2460 12370 0 VULCAN MATLS CO COM 929160109 4007 57593 SH SOLE 833 56760 0 W D 40 CO COM 929236107 626 22138 SH SOLE 770 21368 0 WABASH NATIONAL CORP COM 929566107 105 23230 SH SOLE 16500 6730 0 WACHOVIA GROUP COM 929903102 1334 240875 SH SOLE 60271 180604 0 WAL MART STORES INC COM 931142103 14008 249881 SH SOLE 17490 232391 0 WALGREEN COMPANY COM 931422109 4869 197356 SH SOLE 8410 188946 0 WASHINGTON POST CO CL B COM 939640108 390 999 SH SOLE 132 867 0 WASTE MANAGEMENT INC DEL COM 94106L109 2408 72673 SH SOLE 4870 67803 0 WATERS CORP COM 941848103 639 17430 SH SOLE 6520 10910 0 WATSCO INC COM 942622200 309 8050 SH SOLE 1150 6900 0 WATSON PHARMACEUTICALS INC COM 942683103 266 10015 SH SOLE 1640 8375 0 WATSON WYATT & CO HLDGS CL A COM 942712100 920 19240 SH SOLE 2080 17160 0 WATTS INDS INC CL A COM 942749102 213 8530 SH SOLE 1230 7300 0 WAUSAU-MOSINEE PAPER CORP COM 943315101 160 13980 SH SOLE 2530 11450 0 WEATHERFORD INTL LTD COM G95089101 756 69830 SH SOLE 5180 64650 0 WEBSENSE INC COM 947684106 315 21030 SH SOLE 4860 16170 0 WELLPOINT INC COM 94973V107 2211 52489 SH SOLE 4290 48199 0 WELLS FARGO & CO COM 949746101 10342 350825 SH SOLE 29649 321176 0 WENDYS/ARBYS GROUP INC COM 950587105 89 18112 SH SOLE 15270 2842 0 WEST PHARMACEUTICAL SVCS INC COM 955306105 446 11800 SH SOLE 1340 10460 0 WESTERN DIGITAL CORP COM 958102105 487 42490 SH SOLE 13480 29010 0 WESTERN UNION CO COM 959802109 1330 92725 SH SOLE 19000 73725 0 WESTPAC BKG CORP ADR SPONSORED COM 961214301 1691 28068 SH SOLE 5170 22898 0 WEYERHAEUSER CO COM 962166104 714 23319 SH SOLE 4580 18739 0 WHIRLPOOL CORP COM 963320106 464 11221 SH SOLE 3643 7578 0 WHITNEY HOLDING CORP COM 966612103 883 55213 SH SOLE 4570 50643 0 WHOLE FOODS MARKET INC COM 966837106 141 14935 SH SOLE 1490 13445 0 WILLIAMS COS INC COM 969457100 913 63084 SH SOLE 5280 57804 0 WILLIAMS SONOMA INC COM 969904101 112 14230 SH SOLE 12710 1520 0 WILSHIRE BANCORP INC COM 97186T108 137 15070 SH SOLE 8530 6540 0 WINDSTREAM CORP COM 97381W104 549 59683 SH SOLE 15704 43979 0 WINNEBAGO INDS INC COM 974637100 62 10250 SH SOLE 1080 9170 0 WISCONSIN ENERGY CORP COM 976657106 630 15000 SH SOLE 1210 13790 0 WMS INDS INC COM 929297109 351 13055 SH SOLE 0 13055 0 PORTVUE-SEC13F.LNP CAPSTONE ASSET MANAGEMENT COMPANY PAGE 25 RUN DATE: 01/06/09 10:15 A.M. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/08 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- WOLVERINE WORLD WIDE INC COM 978097103 363 17275 SH SOLE 1870 15405 0 WORLD FUEL SVCS CORP COM 981475106 393 10620 SH SOLE 1220 9400 0 WPP PLC COM 92933H101 415 14018 SH SOLE 3690 10328 0 WRIGHT EXPRESS CORP COM 98233Q105 264 20940 SH SOLE 7030 13910 0 WYETH COM 983024100 3898 103926 SH SOLE 10850 93076 0 WYNDHAM WORLDWIDE CORP COM 98310W108 296 45186 SH SOLE 28650 16536 0 X C E L ENERGY INC COM 98389B100 873 47054 SH SOLE 7500 39554 0 X L CAPITAL LTD CL A COM G98255105 411 111090 SH SOLE 88120 22970 0 XEROX CORP COM 984121103 745 93414 SH SOLE 10230 83184 0 XILINX INC COM 983919101 589 33030 SH SOLE 3090 29940 0 XTO ENERGY INC COM 98385X106 6385 181021 SH SOLE 12215 168806 0 YAHOO INC COM 984332106 1583 129790 SH SOLE 0 129790 0 YAMANA GOLD INC COM 98462Y100 239 30950 SH SOLE 8310 22640 0 YRC WORLDWIDE INC COM 984249102 39 13496 SH SOLE 13150 346 0 YUM BRANDS INC COM 988498101 7327 232603 SH SOLE 9900 222703 0 ZALE CORP COM 988858106 75 22590 SH SOLE 13630 8960 0 ZENITH NATIONAL INSURANCE CORP COM 989390109 422 13355 SH SOLE 1615 11740 0 ZIMMER HLDGS INC COM 98956P102 1200 29697 SH SOLE 5200 24497 0 ZIONS BANCORPORATION COM 989701107 336 13700 SH SOLE 3230 10470 0 ZUMIEZ INC COM 989817101 112 14990 SH SOLE 7560 7430 0 LINE COUNT: 1,244
-----END PRIVACY-ENHANCED MESSAGE-----