The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co. COM 88579Y101 3,069 21,885 SH   SOLE   21,885 0 0
AT&T Inc. COM 00206R102 2,546 72,426 SH   SOLE   72,426 0 0
Abbott Laboratories COM 002824100 2,406 62,770 SH   SOLE   62,770 0 0
Amgen, Inc. COM 031162100 3,078 26,982 SH   SOLE   26,982 0 0
Apache Corp. COM 037411105 1,895 22,055 SH   SOLE   22,055 0 0
Apple, Inc. COM 037833100 4,477 7,980 SH   SOLE   7,980 0 0
Baxter International, Inc. COM 071813109 2,470 35,520 SH   SOLE   35,520 0 0
Berkshire Hathaway, Inc. COM 084670702 5,066 42,730 SH   SOLE   42,730 0 0
Capital One Financial Corp. COM 14040h105 3,623 47,292 SH   SOLE   47,292 0 0
ChevronTexaco Corp. COM 166764100 4,831 38,675 SH   SOLE   38,675 0 0
Chubb Corp. COM 171232101 2,927 30,291 SH   SOLE   30,291 0 0
Cisco Systems, Inc. COM 17275R102 4,909 218,865 SH   SOLE   218,865 0 0
Coca-Cola Co. COM 191216100 4,119 99,713 SH   SOLE   99,713 0 0
Comcast Corp. Spl Cl A COM 20030N200 3,193 64,005 SH   SOLE   64,005 0 0
ConocoPhillips COM 20825c104 1,876 26,560 SH   SOLE   26,560 0 0
Costco Wholesale Corp. COM 22160K105 3,180 26,722 SH   SOLE   26,722 0 0
Covidien Ltd. COM G2554F113 4,307 63,240 SH   SOLE   63,240 0 0
Emerson Electric Co. COM 291011104 3,281 46,745 SH   SOLE   46,745 0 0
Exxon Mobil Corp. COM 30231G102 5,657 55,904 SH   SOLE   55,904 0 0
FedEx Corp. COM 31428X106 3,048 21,200 SH   SOLE   21,200 0 0
General Electric Co. COM 369604103 5,130 183,010 SH   SOLE   183,010 0 0
Google, Inc. COM 38259P508 5,847 5,217 SH   SOLE   5,217 0 0
Home Depot, Inc. COM 437076102 4,139 50,265 SH   SOLE   50,265 0 0
Intel Corp. COM 458140100 2,771 106,760 SH   SOLE   106,760 0 0
International Business Machine COM 459200101 4,118 21,955 SH   SOLE   21,955 0 0
J.P. Morgan Chase & Co. COM 46625H100 4,807 82,191 SH   SOLE   82,191 0 0
Johnson & Johnson COM 478160104 5,392 58,875 SH   SOLE   58,875 0 0
Lowe's Companies, Inc. COM 548661107 2,360 47,630 SH   SOLE   47,630 0 0
McDonald's Corp. COM 580135101 2,439 25,132 SH   SOLE   25,132 0 0
Merck & Co., Inc. COM 58933Y105 3,014 60,220 SH   SOLE   60,220 0 0
Microsoft Corp. COM 594918104 7,098 189,735 SH   SOLE   189,735 0 0
Oceaneering International, Inc COM 675232102 2,463 31,225 SH   SOLE   31,225 0 0
Oracle Corp. COM 68389X105 2,751 71,905 SH   SOLE   71,905 0 0
PepsiCo, Inc. COM 713448108 3,674 44,300 SH   SOLE   44,300 0 0
Pfizer, Inc. COM 717081103 3,651 119,193 SH   SOLE   119,193 0 0
QUALCOMM, Inc. COM 747525103 3,618 48,725 SH   SOLE   48,725 0 0
Schlumberger Ltd. COM 806857108 2,396 26,592 SH   SOLE   26,592 0 0
Select Sector SPDR - Consumer COM 81369y407 7,060 105,640 SH   SOLE   105,640 0 0
Select Sector SPDR - Consumer COM 81369y308 3,781 87,980 SH   SOLE   87,980 0 0
Select Sector SPDR - Energy COM 81369Y506 1,081 12,215 SH   SOLE   12,215 0 0
Select Sector SPDR - Financial COM 81369y605 4,370 199,913 SH   SOLE   199,913 0 0
Select Sector SPDR - Health Ca COM 81369y209 3,783 68,235 SH   SOLE   68,235 0 0
Select Sector SPDR - Industria COM 81369Y704 6,589 126,080 SH   SOLE   126,080 0 0
Select Sector SPDR - Materials COM 81369Y100 8,341 180,455 SH   SOLE   180,455 0 0
Select Sector SPDR - Technolog COM 81369y803 4,874 136,372 SH   SOLE   136,372 0 0
Select Sector SPDR - Utilities COM 81369Y886 5,966 157,127 SH   SOLE   157,127 0 0
Sysco Corp. COM 871829107 440 12,200 SH   SOLE   12,200 0 0
Target Corp. COM 87612E106 2,257 35,670 SH   SOLE   35,670 0 0
The Boeing Co. COM 097023105 2,520 18,466 SH   SOLE   18,466 0 0
The Goldman Sachs Group, Inc. COM 38141g104 2,241 12,640 SH   SOLE   12,640 0 0
The Procter & Gamble Co. COM 742718109 3,651 44,842 SH   SOLE   44,842 0 0
The Walt Disney Co. COM 254687106 5,742 75,163 SH   SOLE   75,163 0 0
United Technologies Corp. COM 913017109 3,477 30,555 SH   SOLE   30,555 0 0
Verizon Communications COM 92343V104 2,661 54,156 SH   SOLE   54,156 0 0
Wal-Mart Stores, Inc. COM 931142103 4,312 54,792 SH   SOLE   54,792 0 0
Wells Fargo Company COM 949746101 3,253 71,655 SH   SOLE   71,655 0 0
iShare Dow Jones US Oil & Gas COM 464288851 3,842 46,675 SH   SOLE   46,675 0 0
iShares Dow Jones US Real Esta COM 464287739 3,179 50,400 SH   SOLE   50,400 0 0
iShares Dow Jones US Regional COM 464288778 7,139 215,944 SH   SOLE   215,944 0 0
iShares S&P 500 Index Fund COM 464287200 255 1,375 SH   SOLE   1,375 0 0
American Science & Engineering COM 029429107 324 4,499 SH   SOLE   4,499 0 0
American Software, Inc. COM 029683109 480 48,650 SH   SOLE   48,650 0 0
Arden Group, Inc. COM 039762109 407 3,215 SH   SOLE   3,215 0 0
Atlantic Tele-Network, Inc. COM 049079205 389 6,885 SH   SOLE   6,885 0 0
Atrion Corp. COM 049904105 835 2,819 SH   SOLE   2,819 0 0
Balchem Corp. COM 057665200 495 8,440 SH   SOLE   8,440 0 0
Bio-Rad Laboratories, Inc. COM 090572207 510 4,125 SH   SOLE   4,125 0 0
CECO Environmental Corp. COM 125141101 442 27,350 SH   SOLE   27,350 0 0
Central Garden & Pet Co. COM 153527106 136 19,850 SH   SOLE   19,850 0 0
Collectors Universe, Inc. COM 19421R200 398 23,200 SH   SOLE   23,200 0 0
Columbia Sportswear Co. COM 198516106 435 5,530 SH   SOLE   5,530 0 0
First Bancorp. COM 318910106 236 14,200 SH   SOLE   14,200 0 0
Flushing Financial Corp. COM 343873105 418 20,175 SH   SOLE   20,175 0 0
Fred's Inc. COM 356108100 615 33,275 SH   SOLE   33,275 0 0
Hawkins, Inc. COM 420261109 344 9,250 SH   SOLE   9,250 0 0
HickoryTech Corp. COM 429060106 572 44,550 SH   SOLE   44,550 0 0
John B. Sanfilippo & Sons, Inc COM 800422107 556 22,525 SH   SOLE   22,525 0 0
John Wiley & Sons, Inc. COM 968223206 549 9,950 SH   SOLE   9,950 0 0
MGIC Investment Corp. COM 552848103 133 15,800 SH   SOLE   15,800 0 0
MOCON, Inc. COM 607494101 278 17,625 SH   SOLE   17,625 0 0
Medical Action Industries, Inc COM 58449l100 328 38,300 SH   SOLE   38,300 0 0
Mine Safety Appliances Co. COM 602720104 517 10,100 SH   SOLE   10,100 0 0
Omnicell, Inc. COM 68213N109 496 19,425 SH   SOLE   19,425 0 0
Prosperity Bancshares, Inc. COM 743606105 609 9,615 SH   SOLE   9,615 0 0
Quality Systems, Inc. COM 747582104 526 24,975 SH   SOLE   24,975 0 0
Rocky Mountain Chocolate Facto COM 774678403 455 39,150 SH   SOLE   39,150 0 0
Spartan Stores, Inc. COM 846822104 227 9,340 SH   SOLE   9,340 0 0
StellarOne Corp. COM 85856G100 579 24,072 SH   SOLE   24,072 0 0
Symmetry Medical, Inc. COM 871546206 226 22,400 SH   SOLE   22,400 0 0
Tennant Company COM 880345103 830 12,240 SH   SOLE   12,240 0 0
Towers Watson & Company COM 891894107 553 4,330 SH   SOLE   4,330 0 0
UniFirst Corp. COM 904708104 685 6,400 SH   SOLE   6,400 0 0
WD-40 Company COM 929236107 691 9,250 SH   SOLE   9,250 0 0
WEX Inc. COM 96208T104 572 5,775 SH   SOLE   5,775 0 0
Washington Banking Co. COM 937303105 352 19,850 SH   SOLE   19,850 0 0
West Marine, Inc. COM 954235107 322 22,625 SH   SOLE   22,625 0 0
World Acceptance Corp. COM 981419104 473 5,400 SH   SOLE   5,400 0 0
Zix Corp. COM 98974P100 364 79,900 SH   SOLE   79,900 0 0
SPDR S&P Emerging Markets Smal S&P EMKTSC EFT 78463X756 1,108 23,878 SH   SOLE   23,878 0 0
Vanguard Emerging Market Fund EMR MKT ETF 922042858 5,196 126,310 SH   SOLE   126,310 0 0
iShares MSCI ACWI Index Fund MSCI ACWE EX 464288240 7,233 154,988 SH   SOLE   154,988 0 0
iShares MSCI EAFE Index Fund MSCI EAFE EX 464287465 9,234 137,622 SH   SOLE   137,622 0 0
iShares MSCI EAFE SmallCap Ind MSCI SMALL CAP 464288273 2,812 55,157 SH   SOLE   55,157 0 0
Midcap SPDR Trust Series 1 UTSER1 S&PDCRP 78467Y107 1,164 4,765 SH   SOLE   4,765 0 0
iSHARES RUSSELL MIDCAP RUSSELL MIDCAP 464287499 5,374 35,833 SH   SOLE   35,833 0 0
iSHARES RUSSELL S&P 400 INDEX S&P MIDCAP 400 464287507 7,451 55,686 SH   SOLE   55,686 0 0
iSHARES CORE S&P SMALL CAP S&P SMALL CAP 464287804 4,195 38,438 SH   SOLE   38,438 0 0
iSHARES RUSSELL 2000 INDEX RUSSELL 2000 464287655 3,352 29,054 SH   SOLE   29,054 0 0
iSHARES RUSSELL MICROCAP INDX RSSL MCRCP 464288869 1,127 15,005 SH   SOLE   15,005 0 0