0000837286-12-000003.txt : 20120201
0000837286-12-000003.hdr.sgml : 20120201
20120201151813
ACCESSION NUMBER: 0000837286-12-000003
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120201
DATE AS OF CHANGE: 20120201
EFFECTIVENESS DATE: 20120201
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: RAY GERALD L & ASSOCIATES LTD
CENTRAL INDEX KEY: 0000837286
IRS NUMBER: 751567129
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-02345
FILM NUMBER: 12562426
BUSINESS ADDRESS:
STREET 1: 1445 ROSS AVE
STREET 2: SUITE 5600
CITY: DALLAS
STATE: TX
ZIP: 75202
BUSINESS PHONE: 2149541900
MAIL ADDRESS:
STREET 1: 1445 ROSS AVE
STREET 2: SUITE 5600
CITY: DALLAS
STATE: TX
ZIP: 75202
FORMER COMPANY:
FORMER CONFORMED NAME: RAY GERALD L & ASSOCIATES INC
DATE OF NAME CHANGE: 19990407
13F-HR
1
o13f123111.txt
U.S.SECURITIES AND EXCHANGE COMMISSION
FORM 13F-HR
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Check here if Amendment ( )
This Amendment (Check only one.): ( ) is a restatement.
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Gerald L. Ray & Associates, Ltd.
Address: 1445 Ross Ave.
Suite 5600
Dallas, TX 75202
13F File Number: 028-02345
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 submission.
Person signing this Report on Behalf of Reporting Manager:
Name: Joseph H. Ray
Title: President
Phone: 214-954-1900
Signature, Place, and Date of Signing:
Gerald L. Ray Dallas, TX February 1, 2012
Report Type (Check only one.):
(X) 13F HOLDINGS REPORT.
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager: N/A
FORM 13F INFORMATION TABLE
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM COM 88579y101 381 4666 SH Sole 2466 2200
ABBOTT LABS COM 002824100 380 6752 SH Sole 5152 1600
1125 20000 SH Defined 16000 4000
AFLAC INC COM COM 001055102 151 3499 SH Sole 499 3000
82 1900 SH Defined 1200 700
ALLOS THERAPEUTICS INC COM COM 019777101 153 107500 SH Sole 100000 7500
28 20000 SH Defined 20000
ALLSTATE CORP COM 020002101 65 2374 SH Sole 1034 1340
292 10662 SH Defined 9862 800
ALTRIA GROUP INC COM COM 02209S103 1838 62003 SH Sole 39894 22109
815 27500 SH Defined 22500 5000
AMERICAN CAMPUS CMNTYS COM COM 024835100 512 12200 SH Sole 12200
105 2500 SH Defined 2500
AMERICAN EXPRESS CO COM 025816109 704 14930 SH Sole 13420 1510
478 10125 SH Defined 10125
AMGEN COM 031162100 7436 115808 SH Sole 99733 16075
1460 22740 SH Defined 22740
ANADARKO PETE CORP COM COM 032511107 424 5550 SH Sole 5250 300
APACHE CORP COM COM 037411105 2572 28400 SH Sole 23650 4750
272 3000 SH Defined 3000
APPLE INC COM COM 037833100 7056 17421 SH Sole 15408 2013
1863 4600 SH Defined 4600
AT&T INC COM COM 00206R102 2114 69897 SH Sole 58313 11584
BANCFIRST CORP COM COM 05945F103 225 6000 SH Sole 6000
BANK OF AMERICA CORP COM COM 060505104 1560 280537 SH Sole 254225 26312
385 69245 SH Defined 67048 2197
BAXTER INTL INC COM 071813109 104 2100 SH Sole 2100
396 8000 SH Defined 8000
BELO CORP COM SER B COM 080555204 72 12000 SH Defined 8000 4000
BLACKSTONE GROUP L P COM UNIT COM 09253U108 164 11700 SH Sole 11700
75 5350 SH Defined 3850 1500
BOEING CO COM 097023105 1864 25413 SH Sole 22288 3125
408 5560 SH Defined 5560
BOSTON PROPERTIES INC COM COM 101121101 438 4400 SH Sole 2900 1500
1544 15500 SH Defined 11000 4500
BRISTOL MYERS SQUIBB COM 110122108 2614 74187 SH Sole 57079 17108
1945 55200 SH Defined 48400 6800
BUCKEYE PARTNERS L P UNIT LTD COM 118230101 361 5650 SH Sole 2250 3400
BUILD A BEAR WORKSHOP COM COM 120076104 173 20500 SH Sole 20500
CAMPBELL SOUP CO COM 134429109 2 53 SH Sole 53
399 12000 SH Defined 9400 2600
CAPITAL & COUNTIES PROPERTIES COM 9EQ2DO0I4 50 27200 SH Sole 27200
CAPITAL SHOPPING CENTRES GROUP COM 486799000 85 27200 SH Sole 27200
CARNIVAL CORP PAIRED CTF COM 143658300 104 3200 SH Sole 3200
333 10200 SH Defined 7200 3000
CATERPILLAR INC DEL COM COM 149123101 4603 50802 SH Sole 43702 7100
18 200 SH Defined 200
CBL & ASSOC PPTYS INC COM 124830100 155 9879 SH Sole 8779 1100
2340 149018 SH Defined 121336 27682
CBS CORP NEW CL B COM 124857202 201 7403 SH Defined 6362 1041
CELGENE CORP COM COM 151020104 8361 123680 SH Sole 108280 15400
1406 20800 SH Defined 20800
CENTURYLINK INC COM COM 156700106 885 23781 SH Sole 17231 6550
CHEVRON CORP COM COM 166764100 2621 24637 SH Sole 15943 8694
900 8454 SH Defined 8146 308
CIENA CORP COM COM 171779309 211 17442 SH Sole 17442
CIGNA CORP COM COM 125509109 732 17425 SH Defined 17425
CISCO SYS INC COM 17275R102 2951 163213 SH Sole 144813 18400
108 6000 SH Defined 6000
CITIGROUP INC COM NEW COM 172967424 2180 82874 SH Sole 76431 6443
177 6723 SH Defined 6665 58
COACH INC COM COM 189754104 206 3375 SH Sole 1375 2000
COCA COLA CO COM 191216100 2526 36104 SH Sole 27242 8862
3498 50000 SH Defined 41000 9000
COLGATE PALMOLIVE CO COM 194162103 5570 60289 SH Sole 47310 12979
3169 34300 SH Defined 27500 6800
COMMERCIAL METALS CO COM COM 201723103 479 34632 SH Sole 32432 2200
304 22000 SH Defined 22000
CONOCOPHILLIPS COM COM 20825C104 676 9275 SH Sole 5250 4025
372 5100 SH Defined 3300 1800
CONSOLIDATED EDISON COM COM 209115104 183 2950 SH Sole 2050 900
19 300 SH Defined 300
CORNING INC COM 219350105 482 37100 SH Sole 30400 6700
COVIDIEN PLC SHS COM G2554F113 20 442 SH Sole 442
349 7764 SH Defined 6484 1280
CSX CORP COM COM 126408103 431 20450 SH Sole 16850 3600
CVS CAREMARK CORP COM COM 126650100 1185 29049 SH Sole 17017 12032
82 2000 SH Defined 2000
DANAHER CORP DEL COM COM 235851102 289 6134 SH Sole 6134
DEERE & CO COM COM 244199105 307 3973 SH Sole 1578 2395
DELL INC COM COM 24702R101 387 26460 SH Sole 26460
737 50400 SH Defined 27000 23400
DENDREON CORP COM COM 24823Q107 694 91370 SH Sole 84220 7150
23 3000 SH Defined 3000
DIRECTV COM CL A COM 25490A101 407 9529 SH Defined 6312 3217
DISNEY WALT CO COM DISNEY COM 254687106 2081 55483 SH Sole 45727 9756
1046 27900 SH Defined 21300 6600
DOMINION RES INC VA COM 25746u109 716 13491 SH Sole 6791 6700
552 10400 SH Defined 7900 2500
DRYSHIPS INC SHS COM Y2109Q101 48 23850 SH Sole 20850 3000
DU PONT E I DE NEMOURS COM 263534109 4170 91090 SH Sole 79290 11800
375 8200 SH Defined 8200
DUKE ENERGY CORP COM 26441C105 592 26891 SH Sole 20807 6084
330 15000 SH Defined 11500 3500
E M C CORP MASS COM COM 268648102 687 31900 SH Sole 30900 1000
215 10000 SH Defined 10000
EL PASO CORP COM COM 28336L109 5 200 SH Sole 200
409 15400 SH Defined 15200 200
ELAN PLC ADR COM 284131208 161 11700 SH Sole 9700 2000
ELI LILLY & COMPANY COM 532457108 50 1200 SH Sole 1200
1363 32800 SH Defined 24000 8800
ENBRIDGE ENERGY MNGMT (STK DIV COM 29250X103 568 16334 SH Sole 6189 10145
ENBRIDGE ENERGY PRTNRS COM COM 29250R106 914 27540 SH Sole 21140 6400
249 7500 SH Defined 6500 1000
ENERGY TRANSFER EQUITY COM UT COM 29273V100 259 6375 SH Sole 2375 4000
ENERGY VISION INTL INC COM COM 29276A103 0 13200 SH Sole 13200
ENTERGY CORP NEW COM COM 29364G103 317 4343 SH Sole 3743 600
ENTERPRISE PRODS PARTN COM COM 293792107 2906 62651 SH Sole 48033 14618
928 20000 SH Defined 17647 2353
EOG RES INC COM COM 26875P101 1051 10665 SH Sole 9965 700
ERICSSON L M TEL CO ADR B SEK COM 294821608 102 10090 SH Sole 10090
EXXON MOBIL CORP COM COM 30231G102 6015 70968 SH Sole 49876 21091
267 3154 SH Defined 3154
F5 NETWORKS INC COM COM 315616102 471 4435 SH Sole 4135 300
FEDERAL NATL MTG ASSN COM COM 313586109 4 17500 SH Sole 17500
FEDEX CORP COM 31428X106 594 7110 SH Sole 5810 1300
499 5975 SH Defined 4175 1800
FIRST FINL BANKSHARES COM COM 32020R109 296 8851 SH Sole 5362 3489
FIRST HORIZON NATL CP COM COM 320517105 101 12597 SH Sole 12597
FORD MTR CO DEL COM 345370860 217 20159 SH Sole 20159
GENERAL ELEC CO COM 369604103 6241 348464 SH Sole 301833 46631
727 40600 SH Defined 40200 400
GENERAL GROWTH PPTYS I COM COM 370023103 185 12306 SH Sole 12306
55 3653 SH Defined 3132 521
GENERAL MLS INC COM 370334104 497 12292 SH Sole 10792 1500
GLAXOSMITHKLINE PLC SPONSORED COM 37733W105 45 977 SH Sole 977
502 11000 SH Defined 9000 2000
GLENCORE INTERNATIONAL PLC COM 00B4T3BW6 85 13500 SH Defined 13500
GOLDMAN SACHS GROUP COM COM 38141G104 1010 11173 SH Sole 10523 650
407 4500 SH Defined 3600 900
GOOGLE INC CL A COM 38259P508 566 876 SH Sole 733 143
HALLIBURTON CO COM COM 406216101 504 14593 SH Sole 14593
HEALTHSPORTS INC COM COM 42223C106 0 15000 SH Sole 15000
HERSHEY CO COM COM 427866108 535 8666 SH Sole 2391 6275
235 3800 SH Defined 3800
HEWLETT PACKARD CO COM COM 428236103 2583 100265 SH Sole 89162 11103
19 720 SH Defined 720
HOLOGIC INC COM COM 436440101 198 11300 SH Sole 6500 4800
HOME DEPOT INC COM 437076102 989 23530 SH Sole 23130 400
HONEYWELL INTL INC COM COM 438516106 6097 112183 SH Sole 99433 12750
INTEL CORP COM 458140100 4917 202780 SH Sole 172747 30033
800 33000 SH Defined 26600 6400
INTERNATIONAL BUSINESS M COM 459200101 5524 30040 SH Sole 26215 3825
2144 11660 SH Defined 11660
J & J SNACK FOODS CORP COM COM 466032109 213 4000 SH Sole 4000
J P MORGAN CHASE & CO COM COM 46625H100 5294 159219 SH Sole 144261 14958
1169 35162 SH Defined 35162
JOHNSON & JOHNSON COM 478160104 4416 67335 SH Sole 48675 18660
1876 28600 SH Defined 26640 1960
KANSAS CITY SOUTHERN COM NEW COM 485170302 2969 43650 SH Sole 40850 2800
340 5000 SH Defined 5000
KELLOGG CO COM 487836108 607 12000 SH Defined 9400 2600
KIMBERLY CLARK CORP COM 494368103 465 6316 SH Sole 4316 2000
633 8600 SH Defined 5600 3000
KINDER MORGAN ENERGY UT LTD PA COM 494550106 2377 27985 SH Sole 22685 5300
833 9800 SH Defined 7800 2000
KINDER MORGAN MGMT (STK DIV) COM 49455U100 769 9797 SH Sole 6443 3354
37 468 SH Defined 468
KRAFT FOODS INC CL A COM 50075N104 1894 50686 SH Sole 32973 17713
857 22931 SH Defined 19473 3458
L-3 COMMUNICATNS HLDGS COM COM 502424104 631 9466 SH Sole 7391 2075
LAS VEGAS SANDS CORP COM COM 517834107 1919 44900 SH Sole 40600 4300
427 10000 SH Defined 10000
LAUDER ESTEE COS INC CL A COM 518439104 687 6117 SH Sole 6117
1865 16600 SH Defined 13800 2800
LIBERTY MEDIA CORPORAT LIB CAP COM 530322106 251 3218 SH Defined 2131 1087
LIBERTY MEDIA HLDG CRP INT COM COM 53071M104 4 260 SH Sole 260
194 11938 SH Defined 7906 4032
LOWES COS INC COM COM 548661107 576 22700 SH Sole 19700 3000
MACERICH CO COM COM 554382101 93 1830 SH Sole 1291 539
997 19704 SH Defined 18172 1532
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 1405 20396 SH Sole 14064 6332
1435 20835 SH Defined 18571 2264
MANITOWOC INC COM COM 563571108 425 46300 SH Sole 41300 5000
138 15000 SH Defined 15000
MANULIFE FINL CORP COM COM 56501R106 118 11072 SH Sole 6122 4950
MARRIOTT INTL COM 571903202 301 10307 SH Sole 10307
354 12126 SH Defined 12126
MASTERCARD INC CL A COM 57636Q104 149 400 SH Sole 400
298 800 SH Defined 400 400
MCDONALDS CORP COM 580135101 211 2105 SH Sole 1755 350
MEAD JOHNSON NUTRI CO COM CL A COM 582839106 304 4418 SH Sole 4418
447 6500 SH Defined 5750 750
MEDCO HEALTH SOLUTIONS COM COM 58405U102 1201 21481 SH Sole 20179 1302
1663 29742 SH Defined 27502 2240
MERCK & CO INC NEW COM COM 58933Y105 653 17325 SH Sole 9185 8140
1839 48779 SH Defined 44089 4690
METLIFE INC COM COM 59156R108 414 13289 SH Sole 10789 2500
168 5400 SH Defined 4000 1400
MGM RESORTS INTERNATIO COM COM 552953101 963 92300 SH Sole 85900 6400
156 15000 SH Defined 15000
MICROSOFT CORP COM COM 594918104 2798 107792 SH Sole 93242 14550
322 12400 SH Defined 12400
MONSANTO CO NEW COM COM 61166W101 1153 16457 SH Sole 15187 1270
225 3216 SH Defined 1854 1362
MORGAN STANLEY COM NEW COM 617446448 124 8210 SH Sole 8210
112 7408 SH Defined 6608 800
NEWTEK BUSINESS SVCS COM COM 652526104 11 10000 SH Sole 10000
NEXTERA ENERGY INC COM COM 65339F101 385 6320 SH Sole 3020 3300
196 3220 SH Defined 3220
NORDSTROM INC COM COM 655664100 457 9200 SH Sole 8300 900
NORFOLK SOUTHERN CORP COM 655844108 634 8695 SH Sole 6395 2300
142 1950 SH Defined 1950
NVIDIA CORP COM COM 67066G104 570 41150 SH Sole 38100 3050
166 12000 SH Defined 12000
OCCIDENTAL PETRO CORP DEL COM 674599105 215 2297 SH Sole 2297
ONEOK PARTNERS LP UNIT LTD PAR COM 68268N103 1698 29416 SH Sole 24616 4800
924 16000 SH Defined 14000 2000
ORACLE CORP COM COM 68389X105 355 13833 SH Sole 9833 4000
PEABODY ENERGY CORP COM COM 704549104 738 22300 SH Sole 19300 3000
166 5000 SH Defined 5000
PEPSICO INC COM 713448108 5711 86075 SH Sole 64441 21634
1819 27420 SH Defined 25580 1840
PETRA DIAMONDS LIMITED SHS COM G70278109 18 10000 SH Sole 10000
PFIZER INC COM 717081103 3207 148205 SH Sole 131689 16516
704 32520 SH Defined 32100 420
PHILIP MORRIS INTL INC COM COM 718172109 5578 71079 SH Sole 48270 22809
2182 27800 SH Defined 22800 5000
PLAINS ALL AM PIPELINE UNIT LT COM 726503105 1275 17354 SH Sole 14500 2854
PNC FINL SVCS GROUP COM COM 693475105 326 5660 SH Sole 5660
271 4700 SH Defined 4000 700
PRAXAIR INC COM COM 74005P104 644 6022 SH Sole 6022
182 1700 SH Defined 1700
PROCTER & GAMBLE CO COM 742718109 4929 73884 SH Sole 36484 37400
1641 24600 SH Defined 18360 6240
PULTE HOMES INC COM COM 745867101 137 21783 SH Sole 21783
REGENERON PHARMACEUTICALS COM 75886F107 3964 71505 SH Sole 61005 10500
222 4000 SH Defined 4000
REPUBLIC SVCS INC COM COM 760759100 419 15205 SH Sole 10205 5000
RETRACTABLE TECHNOLS COM COM 76129W105 21 17500 SH Sole 17500
ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 106 1454 SH Sole 1054 400
117 1600 SH Defined 1600
SABINE ROYALTY TR COM 785688102 218 3450 SH Sole 3300 150
189 3000 SH Defined 3000
SAN JUAN BASIN RTY TR UNIT BEN COM 798241105 310 13600 SH Sole 13600
SANDISK CORP COM COM 80004C101 5617 114140 SH Sole 102790 11350
305 6200 SH Defined 6200
SANGAMO BIOSCIENCES COM COM 800677106 159 55900 SH Sole 50700 5200
14 5000 SH Defined 5000
SCHLUMBERGER LTD COM 806857108 1605 23498 SH Sole 21298 2200
SCHOLASTIC CORP COM COM 807066105 330 11000 SH Defined 9000 2000
SIMON PPTY GROUP NEW COM COM 828806109 597 4629 SH Sole 3313 1316
2580 20008 SH Defined 17433 2575
SOUTHERN CO COM COM 842587107 245 5300 SH Sole 3500 1800
23 500 SH Defined 500
SOUTHERN UN CO NEW COM COM 844030106 21 500 SH Sole 500
509 12076 SH Defined 9976 2100
SOUTHWEST AIRLS CO COM 844741108 7606 888561 SH Sole 844827 43734
488 56980 SH Defined 56980
SPECTRA ENERGY CORP COM COM 847560109 189 6146 SH Sole 5146 1000
323 10500 SH Defined 7000 3500
ST JUDE MED INC COM COM 790849103 141 4100 SH Sole 2800 1300
82 2400 SH Defined 2400
STANLEY BLACK & DECKER COM COM 854502101 41 600 SH Sole 600
690 10200 SH Defined 10200
STARBUCKS CORP COM COM 855244109 623 13550 SH Sole 13550
SYMANTEC CORP COM COM 871503108 767 48980 SH Sole 42980 6000
TAUBMAN CTRS INC COM COM 876664103 621 10000 SH Defined 10000
TE CONNECTIVITY LTD REG SHS COM H84989104 20 665 SH Sole 665
248 8052 SH Defined 6772 1280
TEREX CORP NEW COM COM 880779103 185 13730 SH Sole 12730 1000
TEVA PHARMACEUTCL INDS ADR COM 881624209 269 6659 SH Sole 6159 500
TEXAS INSTRS INC COM COM 882508104 606 20809 SH Sole 18504 2305
51 1750 SH Defined 1250 500
THERMO FISHER SCIENTIF COM COM 883556102 1315 29240 SH Sole 23490 5750
264 5875 SH Defined 5375 500
TIME WARNER INC COM COM 887317303 398 11012 SH Sole 8392 2620
224 6200 SH Defined 6200
TOYOTA MOTOR CORP SP ADR REP2C COM 892331307 367 5545 SH Sole 5545
TYCO INTERNATIONAL LTD SHS COM H89128104 641 13727 SH Sole 9977 3750
531 11364 SH Defined 10084 1280
UNDER ARMOUR INC CL A COM 904311107 2806 39092 SH Sole 35215 3877
UNITED HEALTHCARE CORP COM 91324P102 2062 40685 SH Sole 35285 5400
1799 35500 SH Defined 31500 4000
UNITED PARCEL SERVICE CL B COM 911312106 304 4151 SH Sole 3551 600
51 700 SH Defined 500 200
UNITED TECHNOLOGIES CORP COM 913017109 1781 24365 SH Sole 19265 5100
33 450 SH Defined 450
VERIZON COMMUNICATIONS COM COM 92343V104 498 12406 SH Sole 7731 4675
VERTEX PHARMACEUTICALS COM COM 92532F100 601 18100 SH Sole 15900 2200
33 1000 SH Defined 1000
VIACOM INC CL B COM 92553P201 405 8928 SH Defined 6174 2754
VISA INC COM CL A COM 92826C839 1953 19238 SH Sole 18088 1150
1569 15450 SH Defined 12650 2800
VISEON INC COM COM 928297100 0 12000 SH Sole 12000
VODAFONE GROUP PLC NEW SPONS A COM 92857W209 5 189 SH Sole 189
282 10059 SH Defined 9403 656
WAL MART STORES INC COM 931142103 6839 114435 SH Sole 104735 9700
371 6200 SH Defined 6000 200
WALGREEN CO COM COM 931422109 234 7093 SH Sole 1293 5800
WEATHERFORD INTL LTD REG COM H27013103 301 20550 SH Sole 18150 2400
WELLPOINT HEALTH NETWK (NEW) COM 94973V107 348 5253 SH Sole 3553 1700
WELLS FARGO & COMPANY COM 949746101 1190 43177 SH Sole 42377 800
391 14183 SH Defined 14183
WESTERN UN CO COM COM 959802109 9 500 SH Sole 500
364 19920 SH Defined 19920
WILLIAMS COS INC DEL COM COM 969457100 869 26309 SH Sole 18309 8000
267 8100 SH Defined 8000 100
WILLIAMS PARTNERS L P COM UNIT COM 96950F104 431 7190 SH Sole 5590 1600
WINDSTREAM CORP COM COM 97381W104 195 16615 SH Sole 1500 15115
XEROX CORP COM COM 984121103 1599 200930 SH Sole 182280 18650
96 12000 SH Defined 12000
YAHOO INC COM COM 984332106 171 10600 SH Sole 10600
YUM BRANDS INC COM 988498101 287 4862 SH Sole 2250 2612
ZIMMER HLDGS INC COM COM 98956p102 54 1020 SH Sole 1020
269 5040 SH Defined 4360 680
ISHARES TR DJ HOME CONSTN 464288752 163 13700.000 SH Sole 13700.000
ISHARES TR DJ OIL&GAS EXP 464288851 806 13122.000 SH Sole 11922.000 1200.000
ISHARES TR DJ US FINL SVC 464287770 1040 22965.000 SH Sole 21615.000 1350.000
9 200.000 SH Defined 200.000
ISHARES TR MSCI EAFE IDX 464287465 746 15054.754 SH Sole 11829.000 3225.754
ISHARES TR MSCI EMERG MKT 464287234 879 23160.000 SH Sole 23060.000 100.000
11 300.000 SH Defined 300.000
ISHARES TR NASDQ BIO INDX 464287556 826 7915.000 SH Sole 7655.000 260.000
ISHARES TR PHLX SOX SEMICND 464287523 339 6870.000 SH Sole 6770.000 100.000
ISHARES TR RUSSELL MIDCAP 464287499 469 4763.000 SH Sole 4763.000
ISHARES TR S&P500 GRW 464287309 464 6884.000 SH Sole 6884.000
ISHARES TR US PFD STK IDX 464288687 201 5650.000 SH Sole 5650.000
POWERSHARES ETF TRUST WATER RE 73935X575 313 18590.000 SH Sole 18590.000
POWERSHARES INDIA ETF INDIA PO 73935L100 291 17855.000 SH Sole 16855.000 1000.000
POWERSHARES QQQ TRUST UNIT SER 73935A104 1584 28365.564 SH Sole 27765.564 600.000
33 600.000 SH Defined 600.000
SELECT SECTOR SPDR TR SBI MATE 81369Y100 356 10640.000 SH Sole 9840.000 800.000
SPDR INDEX SHS FDS ASIA PACIF 78463X301 600 9085.000 SH Sole 9085.000
SPDR INDEX SHS FDS DJWS INTL R 78463X863 1127 35400.000 SH Sole 34000.000 1400.000
VANGUARD INDEX FDS MID CAP ETF 922908629 403 5600.000 SH Sole 4000.000 1600.000
VANGUARD INDEX FDS SM CP VAL E 922908611 244 3886.000 SH Sole 3886.000
VANGUARD INDEX FDS SMALL CP ET 922908751 412 5917.000 SH Sole 4317.000 1600.000
VANGUARD INDEX FDS SML CP GRW 922908595 632 8279.000 SH Sole 8279.000
VANGUARD INDEX FDS VALUE ETF 922908744 298 5673.000 SH Sole 5673.000
VANGUARD INTL EQTY IDX EMR MKT 922042858 1888 49420.000 SH Sole 40520.000 8900.000
3 75.000 SH Defined 75.000
VANGUARD TAX-MANAGED EUROPE PA 921943858 390 12730.000 SH Sole 10330.000 2400.000
WISDOMTREE TRUST DEFA FD 97717W703 663 16206.000 SH Sole 11406.000 4800.000
BANK OF AMERICA CORP PFD 1/120 060505583 513 34900 SH Sole 32500 2400
BANK OF AMERICA CORP PFD PER1/ 060505815 400 25000 SH Sole 25000
GOLDMAN SACHS GROUP IN PFD 1/1 38144X609 844 48450 SH Sole 48450
GOLDMAN SACHS GROUP IN SHS D 1 38144G804 451 26250 SH Sole 26250
GOLDMAN SACHS GROUP PFD A 1/10 38143Y665 2813 168742 SH Sole 157300 11442
17 1000 SH Defined 1000
METLIFE INC PFD A FLT RATE 59156R504 562 25557 SH Sole 18557 7000
4 200 SH Defined 200
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 342
Form 13F Information Table Value Total: $325,841 (x1000)
List of Other Included Managers: N/A