0000880058-11-000004.txt : 20110809
0000880058-11-000004.hdr.sgml : 20110809
20110809121256
ACCESSION NUMBER: 0000880058-11-000004
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110809
DATE AS OF CHANGE: 20110809
EFFECTIVENESS DATE: 20110809
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GREAT LAKES ADVISORS INC
CENTRAL INDEX KEY: 0000880058
IRS NUMBER: 363707782
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-02956
FILM NUMBER: 111019656
BUSINESS ADDRESS:
STREET 1: 123 NORTH WACKER DRIVE
STREET 2: SUITE 2350
CITY: CHICAGO
STATE: IL
ZIP: 60606
BUSINESS PHONE: 3125533700
MAIL ADDRESS:
STREET 1: 123 NORTH WACKER DRIVE
STREET 2: SUITE 2350
CITY: CHICAGO
STATE: IL
ZIP: 60606
13F-HR
1
gla.txt
6/30/2011
NONE
1
(312) 553-3714
rcramer@greatlakesadvisors.com
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
"Washington, D.C. 20549"
FORM 13F
FORM 13F COVER PAGE
"Report for the Calendar Year or Quarter Ended: June 30, 2011"
Check here is Amendment [ X ]; Amendment Number: 0000880058-07-000001
This Amendment (Check only one.): [ X ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: "Great Lakes Advisors, Inc."
Address: 123 North Wacker Drive
Suite 2350
" Chicago, IL 60606"
13F File Number: 28-99999
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: Edward J. Calkins
Title: Managing Director
Phone: (312) 553-3715
"Signature, Place, and Date of Signing:"
"Edward J. Calkins Chicago, Illinois June 30, 2011"
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: "34,245,943"
Form 13F Information Table Value Total: "1,484,606,614"
List of Other Included Managers:
No. 13F File Number Name
NAME TITLE FAIR SHARES OR SHARED
OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE
ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C)
ABBOTT LABS COMMON 002824100 "2,382,107" "45,270" X "45,192" 0 78
AETNA U S HEALTHCARE INC COMMON 00817Y108 "2,393,822" "54,294" X "54,198" 0 96
ALCOA INC COMMON 013817101 "1,382,088" "87,143" X "86,977" 0 166
ALTRIA GROUP INC COMMON 02209S103 "2,255,097" "85,388" X "85,245" 0 143
AMERICAN EXPRESS CO COMMON 025816109 "3,661,911" "70,830" X "70,688" 0 142
AMERIPRISE FINL INC COM COMMON 03076C106 "1,991,056" "34,519" X "34,458" 0 61
BANK OF AMERICA COMMON 060505104 "1,037,572" "94,669" X "94,499" 0 170
BERKSHIRE HATHAWAY INC DEL CL COMMON 084670702 "3,602,814" "46,554" X "46,470" 0 84
BRUNSWICK CORP COMMON 117043109 "1,909,216" "93,589" X "93,424" 0 165
CIGNA CORP COMMON 125509109 "2,749,962" "53,470" X "53,382" 0 88
CVS CORPORATION COMMON 126650100 "4,810" 128 X 128 0 0
CATERPILLAR INC COMMON 149123101 "4,315,037" "40,532" X "40,458" 0 74
CHEVRON TEXACO CORPORATION COMMON 166764100 "4,065,779" "39,535" X "39,472" 0 63
CITIGROUP INC NEW COMMON 172967424 "549,440" "13,195" X "13,162" 0 33
CLOROX CO COMMON 189054109 "2,474,036" "36,685" X "36,631" 0 54
CONOCOPHILLIPS COM COMMON 20825C104 "4,009,958" "53,331" X "53,248" 0 83
DOW CHEMICAL CORP COMMON 260543103 "1,858,752" "51,632" X "51,538" 0 94
DUKE ENERGY CORP COMMON 26441C105 "1,718,369" "91,257" X "91,111" 0 146
EATON CORP COMMON 278058102 "3,496,491" "67,959" X "67,839" 0 120
EMERSON ELEC CO COMMON 291011104 "7,088" 126 X 126 0 0
ENERGIZER HLDGS INC COMMON 29266R108 "1,624,193" "22,446" X "22,401" 0 45
EXXON MOBIL CORPORATION COMMON 30231G102 "34,180" 420 X 420 0 0
GENERAL ELEC CO COMMON 369604103 "3,232,661" "171,403" X "171,122" 0 281
GENERAL MILLS INC COMMON 370334104 "2,552,175" "68,570" X "68,466" 0 104
HARTFORD FINANCIAL SERVICES COMMON 416515104 "1,579,563" "59,900" X "59,805" 0 95
HONEYWELL INTERNATIONAL INC COMMON 438516106 "3,376,489" "56,662" X "56,569" 0 93
ITT INDS INC COM COMMON 450911102 "1,488,513" "25,259" X "25,210" 0 49
ILLINOIS TOOL WORKS INC COMMON 452308109 "80,385" "1,423" X "1,423" 0 0
JOHNSON CONTROLS COMMON 478366107 "61,157" "1,468" X "1,468" 0 0
KELLOGG CO COMMON 487836108 "7,302" 132 X 132 0 0
KIMBERLY CLARK CORP COMMON 494368103 "2,618,138" "39,335" X "39,271" 0 64
KRAFT FOODS INC CL A COMMON 50075N104 "1,597,258" "45,338" X "45,248" 0 90
LOCKHEED MARTIN CORP COMMON 539830109 "2,487,884" "30,726" X "30,681" 0 45
MERCK & COMPANY COMMON 58933Y105 "8,893" 252 X 252 0 0
NICOR INC COMMON 654086107 "2,447,590" "44,713" X "44,626" 0 87
PEPSICO INC COMMON 713448108 "60,499" 859 X 859 0 0
PHILLIP MORRIS INTERNATIONAL I COMMON 718172109 "3,199,218" "47,914" X "47,842" 0 72
PLUM CREEK TIMBER CO INC COMMON 729251108 "1,950,055" "48,102" X "48,025" 0 77
PUBLIC SVC ENTERPRISES COMMON 744573106 "1,913,781" "58,633" X "58,546" 0 87
ROYAL DUTCH SHELL PLC SPONSORE FOREIGN 780259206 "3,680,124" "51,738" X "51,658" 0 80
SPECTRA ENERGY CORP COMMON 847560109 "1,612,722" "58,837" X "58,717" 0 120
TARGET CORP COMMON 87612E106 "3,002,756" "64,011" X "63,881" 0 130
TEXTRON INC COMMON 883203101 "2,102,069" "89,033" X "88,867" 0 166
THOMAS & BETTS CORP COMMON 884315102 "1,708,230" "31,722" X "31,629" 0 93
3M COMPANY COMMON 88579Y101 "3,890,178" "41,014" X "40,949" 0 65
WASTE MANAGEMENT INC COMMON 94106L109 "2,716,089" "72,876" X "72,743" 0 133
WELLS FARGO NEW COMMON 949746101 "1,459,204" "52,003" X "51,924" 0 79
ABBOTT LABS COMMON 2824100 "50,463" 959 X 959 0 0
AETNA U S HEALTHCARE INC COM COMMON 00817Y108 "46,735" "1,060" X "1,060" 0 0
ALCOA INC COM COMMON 13817101 "34,575" "2,180" X "2,180" 0 0
ALTRIA GROUP INC COM COMMON 02209S103 "37,238" "1,410" X "1,410" 0 0
AMERICAN EXPRESS CO COMMON 25816109 "56,870" "1,100" X "1,100" 0 0
AMERIPRISE FINL INC COM COMMON 03076C106 "41,530" 720 X 720 0 0
BANK AMERICA CORP COMMON 60505104 "23,345" "2,130" X "2,130" 0 0
BERKSHIRE HATHAWAY INC DEL CL COMMON 84670702 "55,489" 717 X 717 0 0
BRUNSWICK CORP COM COMMON 117043109 "33,048" "1,620" X "1,620" 0 0
CIGNA CORP COMMON 125509109 "45,516" 885 X 885 0 0
CATERPILLAR INC COMMON 149123101 "69,199" 650 X 650 0 0
CHEVRONTEXACO CORPORATION COMMON 166764100 "76,102" 740 X 740 0 0
CITIGROUP INC COMMON 172967424 "15,365" 369 X 369 0 0
CLOROX CO COMMON 189054109 "44,173" 655 X 655 0 0
CONOCOPHILLIPS COM COMMON 20825C104 "70,679" 940 X 940 0 0
DOW CHEMICAL CORP COMMON 260543103 "33,840" 940 X 940 0 0
DUKE ENERGY CORP COMMON 26441C105 "24,479" "1,300" X "1,300" 0 0
EATON CORP COMMON 278058102 "57,418" "1,116" X "1,116" 0 0
ENERGIZER HLDGS INC COM COMMON 29266R108 "29,668" 410 X 410 0 0
GENERAL ELEC CO COMMON 369604103 "54,317" "2,880" X "2,880" 0 0
GENERAL MILLS INC COMMON 370334104 "44,106" "1,185" X "1,185" 0 0
HARTFORD FINL SVCS GROUP COMMON 416515104 "30,062" "1,140" X "1,140" 0 0
"HONEYWELL INTERNATIONAL, INC." COMMON 438516106 "63,761" "1,070" X "1,070" 0 0
ITT INDS INC IND COM COMMON 450911102 "30,349" 515 X 515 0 0
KIMBERLY CLARK CORP COMMON 494368103 "45,926" 690 X 690 0 0
KRAFT FOODS INC CL A COM COMMON 50075N104 "33,821" 960 X 960 0 0
LOCKHEED MARTIN CORP COMMON 539830109 "51,821" 640 X 640 0 0
NICOR INC COM COMMON 654086107 "41,602" 760 X 760 0 0
PHILIP MORRIS INTL INC COM COMMON 718172109 "61,495" 921 X 921 0 0
PLUM CREEK TIMBER CO INC COM COMMON 729251108 "33,243" 820 X 820 0 0
PUBLIC SVC ENTERPRISES COM COMMON 744573106 "33,946" "1,040" X "1,040" 0 0
ROYAL DUTCH SHELL PLC SPONS AD FOREIGN 780259206 "64,728" 910 X 910 0 0
SPECTRA ENERGY CORP COM COMMON 847560109 "29,877" "1,090" X "1,090" 0 0
TARGET CORP COMMON 8.76E+110 "53,243" "1,135" X "1,135" 0 0
TEXTRON INC COMMON 883203101 "41,318" "1,750" X "1,750" 0 0
THOMAS & BETTS CORP COM COMMON 884315102 "30,695" 570 X 570 0 0
3M COMPANY COM COMMON 88579Y101 "66,869" 705 X 705 0 0
WASTE MANAGEMENT INC COMMON 94106L109 "50,315" "1,350" X "1,350" 0 0
WELLS FARGO NEW COMMON 949746101 "28,060" "1,000" X "1,000" 0 0
AT&T INC COMMON 00206R102 8377518 266715 X 229810 0 36905
ABBOTT LABS COMMON 002824100 99978 1900 X 0 0 1900
ABBOTT LABS COMMON 002824100 493313 9375 X 0 0 9375
ABBOTT LABS COMMON 002824100 12290453 233570 X 178039 0 55531
AETNA INC NEW COMMON 00817Y108 134475 3050 X 0 0 3050
AETNA INC NEW COMMON 00817Y108 533489 12100 X 0 0 12100
AETNA INC NEW COMMON 00817Y108 32819538 744376 X 696528 0 47848
AIR PRODS & CHEMS INC COMMON 009158106 1827968 19125 X 19125 0 0
ALCOA INC COMMON 013817101 63440 4000 X 0 0 4000
ALCOA INC COMMON 013817101 16848586 1062332 X 966978 0 95354
ALLEGHENY TECHNOLOGIES COMMON 01741R102 285615 4500 X 0 0 4500
ALLEGHENY TECHNOLOGIES COMMON 01741R102 9972724 157125 X 147275 0 9850
ALLSTATE CORP COMMON 020002101 80905 2650 X 0 0 2650
ALLSTATE CORP COMMON 020002101 268176 8784 X 0 0 8784
ALLSTATE CORP COMMON 020002101 882164 28895 X 7870 0 21025
ALTRIA GROUP INC COMMON 02209S103 23658025 895798 X 845787 0 50011
AMERICA MOVIL SAB DE CV COMMON 02364W105 317892 5900 X 0 0 5900
AMERICAN ELEC PWR INC COMMON 025537101 111156 2950 X 0 0 2950
AMERICAN EXPRESS CO COMMON 025816109 139590 2700 X 0 0 2700
AMERICAN EXPRESS CO COMMON 025816109 586795 11350 X 0 0 11350
AMERICAN EXPRESS CO COMMON 025816109 39527649 764558 X 695092 0 69466
AMERIPRISE FINL INC COMMON 03076C106 118244 2050 X 0 0 2050
AMERIPRISE FINL INC COMMON 03076C106 340312 5900 X 0 0 5900
AMERIPRISE FINL INC COMMON 03076C106 29108962 504663 X 456565 0 48098
BANK OF AMERICA CORP COMMON 060505104 133712 12200 X 0 0 12200
BANK OF AMERICA CORP COMMON 060505104 12318437 1123945 X 998170 0 125775
BARRICK GOLD CORP COMMON 067901108 4529 100 X 0 0 100
BAXTER INTL INC COMMON 071813109 723741 12125 X 11575 0 550
BERKSHIRE HATHAWAY INC A COMMON 084670108 580525 5 X 0 0 5
BERKSHIRE HATHAWAY INC A COMMON 084670108 24033735 207 X 185 0 22
BERKSHIRE HATHAWAY INC CL B NE COMMON 084670702 180087 2327 X 0 0 2327
BERKSHIRE HATHAWAY INC CL B NE COMMON 084670702 9313422 120344 X 102861 0 17483
BOEING CO COMMON 097023105 232140 3140 X 3140 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 441640 15250 X 8850 0 6400
BRUNSWICK CORP COMMON 117043109 87720 4300 X 0 0 4300
BRUNSWICK CORP COMMON 117043109 419220 20550 X 0 0 20550
BRUNSWICK CORP COMMON 117043109 24712723 1211408 X 1089278 0 122130
CIGNA CORP COMMON 125509109 532301 10350 X 0 0 10350
CIGNA CORP COMMON 125509109 32588568 633649 X 595878 0 37771
CVS/CAREMARK CORP COMMON 126650100 71402 1900 X 0 0 1900
CVS/CAREMARK CORP COMMON 126650100 464113 12350 X 0 0 12350
CVS/CAREMARK CORP COMMON 126650100 2376935 63250 X 41850 0 21400
CATERPILLAR INC COMMON 149123101 196951 1850 X 0 0 1850
CATERPILLAR INC COMMON 149123101 1173722 11025 X 0 0 11025
CATERPILLAR INC COMMON 149123101 51860392 487135 X 441595 0 45540
CENTURYLINK INC COMMON 156700106 105239 2603 X 0 0 2603
CHEVRON CORPORATION COMMON 166764100 946128 9200 X 0 0 9200
CHEVRON CORPORATION COMMON 166764100 55916988 543728 X 493869 0 49859
CITIGROUP INC COMMON 172967424 66416 1595 X 0 0 1595
CITIGROUP INC COMMON 172967424 5219033 125337 X 114672 0 10665
CLOROX CO COMMON 189054109 74184 1100 X 0 0 1100
CLOROX CO COMMON 189054109 558066 8275 X 0 0 8275
CLOROX CO COMMON 189054109 32737332 485429 X 440226 0 45203
COCA COLA CO COMMON 191216100 90842 1350 X 0 0 1350
COCA COLA CO COMMON 191216100 75028 1115 X 800 0 315
CONOCOPHILLIPS COMMON 20825C104 210532 2800 X 0 0 2800
CONOCOPHILLIPS COMMON 20825C104 1015065 13500 X 0 0 13500
CONOCOPHILLIPS COMMON 20825C104 53590319 712732 X 646884 0 65848
DEERE & CO COMMON 244199105 984041 11935 X 11235 0 700
DISNEY WALT CO COMMON 254687106 99552 2550 X 1700 0 850
DOMINION RES INC COMMON 25746U109 2082368 43140 X 39975 0 3165
DOW CHEM CO COMMON 260543103 22735872 631552 X 571438 0 60114
DREYFUS APPRECIATION FD I COMMON 261970107 1069986 26072 X 26072 0 0
DREYFUS DISCIPLINED STOCK FUND COMMON 261978340 163262 5040 X 5040 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 199985 3700 X 3700 0 0
DUKE ENERGY CORP COMMON 26441C105 82852 4400 X 0 0 4400
DUKE ENERGY CORP COMMON 26441C105 265974 14125 X 0 0 14125
DUKE ENERGY CORP COMMON 26441C105 14893513 790946 X 722124 0 68822
EASTMAN KODAK CO COMMON 277461109 11456 3200 X 0 0 3200
EASTMAN KODAK CO COMMON 277461109 42960 12000 X 0 0 12000
EASTMAN KODAK CO COMMON 277461109 1999272 558456 X 511789 0 46667
EATON CORP COMMON 278058102 159495 3100 X 0 0 3100
EATON CORP COMMON 278058102 45227123 879050 X 799679 0 79371
EMERSON ELEC CO COMMON 291011104 168750 3000 X 0 0 3000
EMERSON ELEC CO COMMON 291011104 925313 16450 X 0 0 16450
EMERSON ELEC CO COMMON 291011104 4455000 79200 X 78100 0 1100
ENERGIZER HLDGS INC COMMON 29266R108 68742 950 X 0 0 950
ENERGIZER HLDGS INC COMMON 29266R108 21098656 291579 X 264147 0 27432
EXXON MOBIL CORP COMMON 30231G102 6104 75 X 0 0 75
EXXON MOBIL CORP COMMON 30231G102 24847267 305324 X 295115 0 10209
FANNIE MAE S 8.25% 313586752 4300 2000 X 0 0 2000
FIDELITY SPARTAN 500 INDEX COMMON 315911206 96216 2049 X 2049 0 0
FIDELITY VALUE FD COMMON 316464106 97047 1345 X 1345 0 0
FORD MTR CO COMMON 345370860 11 1 X 1 0 0
FREEPORT-MCMORAN COPPER CL B 35671D857 10580 200 X 0 0 200
GENERAL DYNAMICS CORP COMMON 369550108 65205 875 X 875 0 0
GENERAL ELEC CO COMMON 369604103 38376554 2034812 X 1846475 0 188337
GENERAL MLS INC COMMON 370334104 119104 3200 X 0 0 3200
GENERAL MLS INC COMMON 370334104 610408 16400 X 0 0 16400
GENERAL MLS INC COMMON 370334104 33709596 905685 X 824112 0 81573
GENUINE PARTS CO COMMON 372460105 13600 250 X 250 0 0
HARTFORD FIN SERVICES COMMON 416515104 55377 2100 X 0 0 2100
HARTFORD FIN SERVICES COMMON 416515104 221508 8400 X 0 0 8400
HARTFORD FIN SERVICES COMMON 416515104 19933057 755899 X 673679 0 82220
HEINZ H J CO COMMON 423074103 5328 100 X 0 0 100
HEWLETT PACKARD CO COMMON 428236103 3640 100 X 0 0 100
HOME DEPOT INC COMMON 437076102 662283 18285 X 14335 0 3950
HONEYWELL INTL INC COMMON 438516106 43207875 725086 X 661531 0 63555
HUNTINGTON INGALLS INDS I COMMON 446413106 46610 1351 X 1322 0 29
ITT CORPORATION COMMON 450911102 64823 1100 X 0 0 1100
ITT CORPORATION COMMON 450911102 19563817 331984 X 304830 0 27154
ILLINOIS TOOL WKS INC COMMON 452308109 135576 2400 X 0 0 2400
ILLINOIS TOOL WKS INC COMMON 452308109 824754 14600 X 0 0 14600
ILLINOIS TOOL WKS INC COMMON 452308109 8988406 159115 X 123490 0 35625
INTEL CORP COMMON 458140100 158998 7175 X 0 0 7175
J P MORGAN CHASE & CO COMMON 46625H100 456481 11150 X 0 0 11150
J P MORGAN CHASE & CO COMMON 46625H100 3057399 74680 X 73980 0 700
JOHNSON & JOHNSON COMMON 478160104 113084 1700 X 0 0 1700
JOHNSON & JOHNSON COMMON 478160104 54879 825 X 0 0 825
JOHNSON & JOHNSON COMMON 478160104 1825309 27440 X 25450 0 1990
JOHNSON CTLS INC COMMON 478366107 794665 19075 X 0 0 19075
JOHNSON CTLS INC COMMON 478366107 9515769 228415 X 179040 0 49375
KELLOGG CO COMMON 487836108 721926 13050 X 12250 0 800
KIMBERLY CLARK CORP COMMON 494368103 73216 1100 X 0 0 1100
KIMBERLY CLARK CORP COMMON 494368103 555776 8350 X 0 0 8350
KIMBERLY CLARK CORP COMMON 494368103 33762826 507254 X 460326 0 46928
KRAFT FOODS INC CL A 50075N104 65176 1850 X 0 0 1850
KRAFT FOODS INC CL A 50075N104 331162 9400 X 0 0 9400
KRAFT FOODS INC CL A 50075N104 22160762 629031 X 570406 0 58625
KROGER CO COMMON 501044101 400520 16150 X 0 0 16150
KROGER CO COMMON 501044101 254572 10265 X 10265 0 0
LOCKHEED MARTIN CORP COMMON 539830109 27317011 337372 X 321097 0 16275
MACYS INC COMMON 55616P104 24854 850 X 0 0 850
MACYS INC COMMON 55616P104 50439 1725 X 1725 0 0
MCDONALDS CORP COMMON 580135101 419914 4980 X 3250 0 1730
MERCK & CO INC COMMON 58933Y105 485238 13750 X 0 0 13750
MERCK & CO INC COMMON 58933Y105 21118171 598418 X 572768 0 25650
MERRILL LYNCH 6.45 PFD 590199204 94800 4000 X 0 0 4000
METLIFE INC COMMON 59156R108 57031 1300 X 0 0 1300
METLIFE INC COMMON 59156R108 505602 11525 X 11025 0 500
MONSANTO CO NEW COMMON 61166W101 108810 1500 X 0 0 1500
MONSANTO CO NEW COMMON 61166W101 52084 718 X 718 0 0
MORGAN STANLEY COMMON 617446448 246207 10700 X 0 0 10700
MORGAN STANLEY COMMON 617446448 2158913 93825 X 76625 0 17200
MOTOROLA SOLUTIONS INC COMMON 620076307 645 14 X 0 0 14
MOTOROLA MOBILITY HLDGS I COMMON 620097105 264 12 X 0 0 12
NEXTERA ENERGY INC COMMON 65339F101 573164 9975 X 9975 0 0
NICOR INC COMMON 654086107 98532 1800 X 0 0 1800
NICOR INC COMMON 654086107 513188 9375 X 0 0 9375
NICOR INC COMMON 654086107 28825920 526597 X 477114 0 49483
NORFOLK SOUTHERN CORP COMMON 655844108 187325 2500 X 0 0 2500
NORFOLK SOUTHERN CORP COMMON 655844108 15027212 200550 X 197300 0 3250
NORTHROP GRUMMAN CORP COMMON 666807102 608200 8770 X 8525 0 245
PPG INDS INC COMMON 693506107 140725 1550 X 0 0 1550
PPG INDS INC COMMON 693506107 8581925 94525 X 92925 0 1600
PPL CORP COMMON 69351T106 91839 3300 X 0 0 3300
PEPCO HOLDINGS 6.125% 06/01/201 713291AP7 109874 100000 X 100000 0 0
PEPSICO INC COMMON 713448108 84516 1200 X 0 0 1200
PEPSICO INC COMMON 713448108 792338 11250 X 0 0 11250
PEPSICO INC COMMON 713448108 9868299 140115 X 108565 0 31550
PETROLEO BRASILEIRO SA PE COMMON 71654V408 138826 4100 X 0 0 4100
PFIZER INC COMMON 717081103 1329215 64525 X 50150 0 14375
PHILIP MORRIS INTL INC COMMON 718172109 33078058 495403 X 467853 0 27550
PLUM CREEK TIMBER CO INC COMMON 729251108 91215 2250 X 0 0 2250
PLUM CREEK TIMBER CO INC COMMON 729251108 408441 10075 X 0 0 10075
PLUM CREEK TIMBER CO INC COMMON 729251108 23172705 571601 X 517945 0 53656
PRAXAIR INC COMMON 74005P104 300782 2775 X 2375 0 400
PROCTER & GAMBLE CO COMMON 742718109 73106 1150 X 0 0 1150
PROCTER & GAMBLE CO COMMON 742718109 6357 100 X 0 0 100
PROGRESS ENERGY INC COMMON 743263105 172836 3600 X 0 0 3600
PRUDENTIAL FINL INC COMMON 744320102 356104 5600 X 0 0 5600
PRUDENTIAL FINL INC COMMON 744320102 648618 10200 X 10200 0 0
PUBLIC SVC ENTERPRISE GR COMMON 744573106 78336 2400 X 0 0 2400
PUBLIC SVC ENTERPRISE GR COMMON 744573106 402288 12325 X 0 0 12325
PUBLIC SVC ENTERPRISE GR COMMON 744573106 23078275 707055 X 639587 0 67468
RAYTHEON CO COMMON NEW 755111507 319190 6403 X 6403 0 0
REYNOLDS AMERICAN INC COMMON 761713106 2393430 64600 X 64600 0 0
ROYAL DUTCH SHELL PLC COMMON 780259206 551258 7750 X 0 0 7750
ROYAL DUTCH SHELL PLC COMMON 780259206 16855676 236970 X 187099 0 49871
SAFEWAY INC COM NEW 786514208 414818 17750 X 17750 0 0
SHIRE PLC COMMON 82481R106 433366 4600 X 0 0 4600
SOUTHERN CO COMMON 842587107 96912 2400 X 0 0 2400
SPECTRA ENERGY CORP COMMON 847560109 357701 13050 X 0 0 13050
SPECTRA ENERGY CORP COMMON 847560109 20309686 740959 X 672433 0 68526
TARGET CORP COMMON 87612E106 129003 2750 X 0 0 2750
TARGET CORP COMMON 87612E106 691923 14750 X 0 0 14750
TARGET CORP COMMON 87612E106 40420987 861671 X 780426 0 81245
TEXTRON INC COMMON 883203101 22014413 932419 X 851379 0 81040
THOMAS & BETTS CORP COMMON 884315102 59235 1100 X 0 0 1100
THOMAS & BETTS CORP COMMON 884315102 426761 7925 X 0 0 7925
THOMAS & BETTS CORP COMMON 884315102 21025086 390438 X 354374 0 36064
3M CO COMMON 88579Y101 170730 1800 X 0 0 1800
3M CO COMMON 88579Y101 872620 9200 X 0 0 9200
3M CO COMMON 88579Y101 49640032 523353 X 474239 0 49114
TRAVELERS COS COMMON 89417E109 285770 4895 X 4525 0 370
USB CAPITAL XII K 6.30% 903305209 101320 4000 X 0 0 4000
UNION PACIFIC CORP COMMON 907818108 391500 3750 X 3750 0 0
UNITED TECHNOLOGIES CORP COMMON 913017109 1394033 15750 X 15500 0 250
V F CORP COMMON 918204108 194322 1790 X 0 0 1790
VELOCITYHSI INC COMMON 92257K102 0 200 X 200 0 0
VODAFONE GROUP PLC NEW COMMON 92857W209 130928 4900 X 0 0 4900
VODAFONE GROUP PLC NEW COMMON 92857W209 144288 5400 X 0 0 5400
WALGREEN CO COMMON 931422109 87043 2050 X 0 0 2050
WALGREEN CO COMMON 931422109 53075 1250 X 1250 0 0
WASTE MGMT INC DEL COMMON 94106L109 124855 3350 X 0 0 3350
WASTE MGMT INC DEL COMMON 94106L109 36094728 968466 X 882634 0 85832
WELLS FARGO & CO NEW COMMON 949746101 101016 3600 X 0 0 3600
WELLS FARGO & CO NEW COMMON 949746101 202032 7200 X 0 0 7200
WELLS FARGO & CO NEW COMMON 949746101 18691692 666133 X 603451 0 62682
ACE LIMITED ORD H0023R105 840851 12775 X 12125 0 650
ABBOTT LABORATORIES COMMON 2824100 "66,985" "1,273" X 0 0 "1,273"
AETNA INC NEW COMMON 00817Y108 "64,636" "1,466" X 0 0 "1,466"
ALCOA INC COMMON 13817101 "38,619" "2,435" X 0 0 "2,435"
ALTRIA GROUP INC COMMON 22095103 "65,655" "2,486" X 0 0 "2,486"
AMERICAN EXPRESS COMPANY COMMON 25816109 "102,728" "1,987" X 0 0 "1,987"
AMERIPRISE FINL INC COMMON 03076C106 "54,854" 951 X 0 0 951
BANK OF AMERICA CORP COMMON 60505104 "27,214" "2,483" X 0 0 "2,483"
BERKSHIRE HATHAWAY INC DEL CL COMMON 84670702 "107,417" "1,388" X 0 0 "1,388"
BRUNSWICK CORP COMMON 117043109 "49,694" "2,436" X 0 0 "2,436"
CIGNA CORP COMMON 125509109 "74,882" "1,456" X 0 0 "1,456"
CATERPILLAR INC COMMON 149123101 "120,193" "1,129" X 0 0 "1,129"
CHEVRON CORPORATION COMMON 166764100 "114,461" "1,113" X 0 0 "1,113"
CITIGROUP INC COM NEW COMMON 172967424 "13,741" 330 X 0 0 330
CLOROX CO COMMON 189054109 "72,431" "1,074" X 0 0 "1,074"
CONOCOPHILLIPS COMMON 208250104 "113,612" "1,511" X 0 0 "1,511"
DOW CHEMICAL CO. COMMON 260543103 "50,868" "1,413" X 0 0 "1,413"
DUKE ENERGY CORPORATION (HOLDI COMMON 26441C105 "39,449" "2,095" X 0 0 "2,095"
EATON CORP COMMON 278058102 "98,064" "1,906" X 0 0 "1,906"
ENERGIZER HOLDINGS INC COMMON 29266R108 "43,778" 605 X 0 0 605
GENERAL ELECTRIC CO COMMON 369604103 "89,585" "4,750" X 0 0 "4,750"
GENERAL HILLS INC COMMON 370334104 "74,887" "2,012" X 0 0 "2,012"
HARTFORD FINANCIAL SERVICES GR COMMON 416515104 "35,705" "1,354" X 0 0 "1,354"
HONEYWELL INTL INC COMMON 438516106 "95,404" "1,601" X 0 0 "1,601"
ITT CORPORATION COMMON 450911102 "40,603" 689 X 0 0 689
KIMBERLY CLARK CORP COMMON 494368103 "73,748" "1,108" X 0 0 "1,108"
KRAFT FOODS INC CL A COMMON 50075N104 "42,734" "1,213" X 0 0 "1,213"
LOCKHEED MARTIN CORP COMMON 539830109 "67,367" 832 X 0 0 832
NICOR INC COMMON 654086107 "73,680" "1,346" X 0 0 "1,346"
PHILIP MORRIS INTERNATIONAL IN COMMON 718172109 "93,612" "1,402" X 0 0 "1,402"
PUBLIC SERVICE ENTERPRISE GROU COMMON 744573106 "55,194" "1,691" X 0 0 "1,691"
ROYAL DUTCH SHELL PLC SPONSORS FOREIGN 780259206 "103,708" "1,458" X 0 0 "1,458"
SPECTRA ENERGY CORP COMMON 847560109 "44,596" "1,627" X 0 0 "1,627"
TARGET CORP COMMON 87612E106 "81,670" "1,741" X 0 0 "1,741"
TEXTRON INC COMMON 883203101 "55,767" "2,362" X 0 0 "2,362"
THOMAS & BETTS CORP COMMON 884315102 "49,380" 917 X 0 0 917
3M COMPANY COMMON 88579Y101 "108,508" "1,144" X 0 0 "1,144"
WASTE MANAGEMENT INC DEL COMMON 941061109 "76,515" "2,053" X 0 0 "2,053"
WELLS FARGO & CO COMMON 949746101 "39,256" "1,399" X 0 0 "1,399"
ABBOTT LABS COMMON 2824100 "156,439" "2,973" X 0 0 "2,973"
AETNA U S HEALTHCARE INC COM COMMON 00817Y108 "164,632" "3,734" X 0 0 "3,734"
ALCOA INC CON COMMON 13817101 "93,558" "5,899" X 0 0 "5,899"
ALTRIA GROUP INC COM COMMON 22095103 "163,135" "6,177" X 0 0 "6,177"
AMERICAN EXPRESS CO COMMON 25816109 "246,195" "4,762" X 0 0 "4,762"
AMERIPRISE FINL INC CUM COMMON 03076C106 "135,260" "2,345" X 0 0 "2,345"
BANK AMER CORP COM COMMON 60505104 "66,856" "6,100" X 0 0 "6,100"
BERKSHIRE HATHAWAY INC DEL CL COMMON 84670702 "262,120" "3,387" X 0 0 "3,387"
BRUNSWICK CORP COM COMMON 117043109 "119,646" "5,865" X 0 0 "5,865"
CIGNA CORP COMMON 125509109 "194,920" "3,790" X 0 0 "3,790"
CATERPILLAR INC COM COMMON 149123101 "296,385" "2,784" X 0 0 "2,784"
CHEVRONTEXACO CORPORATION COMMON 166764100 "279,416" "2,717" X 0 0 "2,717"
CITIGROUP INC COMMON 172967424 "27,399" 658 X 0 0 658
CLOROX CO COM COMMON 189054109 "168,667" "2,501" X 0 0 "2,501"
CONOCOPHILLIPS COM COMMON 208250104 "271,586" "3,612" X 0 0 "3,612"
DOW CHEMICAL CORP COMMON 260543103 "126,756" "3,521" X 0 0 "3,521"
DUKE ENERGY CORP COMMON 26441C105 "97,671" "5,187" X 0 0 "5,187"
EATON CORP COM COMMON 278058102 "235,127" "4,570" X 0 0 "4,570"
ENERGIZER HLOGS INC COM COMMON 29266R108 "105,646" "1,460" X 0 0 "1,460"
EXXON MOBIL CORP COM COMMON 302316102 "4,069" 50 X 0 0 50
GENERAL ELEC CO COMMON 369604103 "216,965" "11,504" X 0 0 "11,504"
GENERAL MIS INC CON COMMON 370334104 "174,599" "4,691" X 0 0 "4,691"
HARTFORD FINL SVCS GROUP INCCO COMMON 416515104 "80,429" "3,050" X 0 0 "3,050"
HONEYWELL INTL INC CON COMMON 438516106 "233,712" "3,922" X 0 0 "3,922"
ITT INDS INC IND CUM COMMON 450911102 "98,177" "1,666" X 0 0 "1,666"
ILLINOIS TOOL WKS INC CON COMMON 452308109 "7,457" 132 X 0 0 132
JOHNSON & JOHNSON COMMON 478160104 "6,319" 95 X 0 0 95
KIMBERLY CLARK CORP COM COMMON 494368103 "175,519" "2,637" X 0 0 "2,637"
KRAFT FOODS INC CL A COMMON 50075N104 "103,541" "2,939" X 0 0 "2,939"
LOCKHEED MARTIN CORP CON COMMON 539830109 "165,827" "2,046" X 0 0 "2,046"
HICOR INC COM COMMON 654086107 "167,669" "3,063" X 0 0 "3,063"
PEPSICO INC COMMON 713448108 "8,945" 127 X 0 0 127
PHILIP MORRIS INTL INC COM COMMON 718172109 "234,830" "3,517" X 0 0 "3,517"
PLUM CREEK TIMBER CO INC CON COMMON 729251108 "136,620" "3,370" X 0 0 "3,370"
PUBLIC SVC ENTERPRISES COMMON 744573106 "139,438" "4,272" X 0 0 "4,272"
ROYAL DUTCH SHELL PLC SPONS AD COMMON 780259206 "249,453" "3,507" X 0 0 "3,507"
SPECTRA ENERGY CORP COM COMMON 847560109 "108,598" "3,962" X 0 0 "3,962"
TARGET CORP COM COMMON 87612E106 "197,163" "4,203" X 0 0 "4,203"
TEXTRON INC CON COMMON 863203101 "149,617" "6,337" X 0 0 "6,337"
THOMAS & SETTS CORP COM COMMON 884315102 "110,069" "2,044" X 0 0 "2,044"
3M COMPANY COM COMMON 88579Y101 "258,846" "2,729" X 0 0 "2,729"
WASTE MGMT INC DEL COM COMMON 94106L109 "181,803" "4,878" X 0 0 "4,878"
WELLS FARGO & CO NEW COM COMMON 949746101 "95,797" "3,414" X 0 0 "3,414"
ABBOTT LABS COMMON 2824100 "1,762,590" "32,921" X 0 0 "32,921"
AETNA INC-NEW COMMON 00817Y108 "1,517,548" "34,179" X 0 0 "34,179"
ALCOA INC COMMON 13817101 "901,063" "54,643" X 0 0 "54,643"
ALTRIA GROUP INC COM COMMON 02209S103 "1,421,739" "52,657" X 0 0 "52,657"
AMERICAN EXPRESS CO COMMON 25816109 "2,272,913" "42,413" X 0 0 "42,413"
AMERIPRISE FINL INC COM COMMON 03076C106 "1,522,665" "25,712" X 0 0 "25,712"
BANK OF AMERICA CORP COMMON 60505104 "766,639" "70,205" X 0 0 "70,205"
BERKSHIRE HATHAWAY COMMON 84670108 "699,840" 6 X 0 0 6
BERKSHIRE HATHAWAY INC DEL CL COMMON 84670702 "1,750,680" "22,511" X 0 0 "22,511"
BRUNSWICK CORP COMMON 117043109 "1,442,683" "68,019" X 0 0 "68,019"
CIGNA CORP COMMON 125509109 "1,773,508" "34,198" X 0 0 "34,198"
CATERPILLAR INC COMMON 149123101 "2,916,892" "26,130" X 0 0 "26,130"
CHEVRONTEXACO CORP COMMON 166764100 "2,795,643" "26,228" X 0 0 "26,228"
CITIGROUP INC COMMON 172967424 "249,940" "5,863" X 0 0 "5,863"
CLOROX CO COMMON 189054109 "1,720,484" "25,168" X 0 0 "25,168"
CONOCOPHILLIPS COM COMMON 20825C104 "2,950,884" "38,448" X 0 0 "38,448"
DOW CHEM CO COMMON 260543103 "1,160,559" "31,223" X 0 0 "31,223"
DUKE ENERGY CORP COMMON 26441C105 "877,434" "45,963" X 0 0 "45,963"
EATON CORP COMMON 278058102 "2,378,648" "44,982" X 0 0 "44,982"
ENERGIZER HOLDINGS INC COMMON 29266R108 "1,116,708" "14,838" X 0 0 "14,838"
GENERAL ELEC CO COMMON 369604103 "2,187,404" "113,337" X 0 0 "113,337"
GENERAL MILLS INC COMMON 370334104 "1,695,465" "45,811" X 0 0 "45,811"
HARTFORD FINANCIAL SERVICES GR COMMON 416515104 "918,777" "33,991" X 0 0 "33,991"
HONEYWELL INTERNATIONAL INC COMMON 438516106 "2,261,121" "37,411" X 0 0 "37,411"
ITT INDS INC COM COMMON 450911102 "948,628" "15,946" X 0 0 "15,946"
JP MORGAN CHASE & CO COMMON 46625H100 "253,250" "6,129" X 0 0 "6,129"
KIMBERLY CLARK CORP COM COMMON 494368103 "1,754,807" "26,305" X 0 0 "26,305"
KRAFT FOODS INC COMMON 50075N104 "1,117,136" "31,092" X 0 0 "31,092"
LOCKHEED MARTIN CORP COM COMMON 539830109 "1,670,890" "20,537" X 0 0 "20,537"
NICOR INC COMMON 654086107 "1,626,414" "28,981" X 0 0 "28,981"
PHILIP MORRIS INTL INC COM COMMON 718172109 "2,131,310" "30,826" X 0 0 "30,826"
PLUM CREEK TIMBER CO INC COMMON 729251108 "1,338,387" "32,336" X 0 0 "32,336"
PUBLIC SVC ENTERPRISE GROUP IN COMMON 744573106 "1,203,613" "36,662" X 0 0 "36,662"
ROYAL DUTCH SHELL PLC SPONS AD COMMON 780259206 "2,711,749" "37,066" X 0 0 "37,066"
SPECTRA ENERGY CORP COM COMMON 847560109 "1,129,014" "40,423" X 0 0 "40,423"
TARGET CORP COMMON 8.76E+110 "2,354,964" "45,577" X 0 0 "45,577"
TEXTRON INC COMMON 883203101 "1,612,852" "68,749" X 0 0 "68,749"
THOMAS & BETTS CORP COMMON 884315102 "1,176,239" "21,072" X 0 0 "21,072"
3M CO COMMON 88579Y101 "2,609,137" "26,632" X 0 0 "26,632"
WASTE MANAGEMENT NZ LTD - NEW COMMON 94106L109 "1,796,184" "47,268" X 0 0 "47,268"
WELLS FARGO & COMPANY COMMON 949746101 "737,766" "25,742" X 0 0 "25,742"
"1,484,606,614" "34,245,943"