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      <sshPrnamt>8844</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8647</Sole>
      <Shared>0</Shared>
      <None>197</None>
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    <nameOfIssuer>Dominion Resources</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25746U109</cusip>
    <value>2792</value>
    <shrsOrPrnAmt>
      <sshPrnamt>39330</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>38980</Sole>
      <Shared>0</Shared>
      <None>350</None>
    </votingAuthority>
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    <nameOfIssuer>Dover Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>260003108</cusip>
    <value>204</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2493</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2493</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Du Pont  (EI)</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>263534109</cusip>
    <value>2024</value>
    <shrsOrPrnAmt>
      <sshPrnamt>30162</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>29662</Sole>
      <Shared>0</Shared>
      <None>500</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Duke Energy Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26441C204</cusip>
    <value>1107</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14523</Sole>
      <Shared>0</Shared>
      <None>1027</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>EMC Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>268648102</cusip>
    <value>936</value>
    <shrsOrPrnAmt>
      <sshPrnamt>34150</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>34150</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>EQT Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26884L109</cusip>
    <value>1115</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Eastman Chemical Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>277432100</cusip>
    <value>875</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10150</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10150</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Emerson Electric</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>291011104</cusip>
    <value>597</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8943</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8943</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Equifax Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>294429105</cusip>
    <value>1082</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15910</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15760</Sole>
      <Shared>0</Shared>
      <None>150</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Express Scripts Hldg Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30219G108</cusip>
    <value>341</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4545</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4545</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Exxon Mobil Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
    <value>10722</value>
    <shrsOrPrnAmt>
      <sshPrnamt>109763</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>104902</Sole>
      <Shared>0</Shared>
      <None>4861</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Fidelity Natl Information Serv</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31620M106</cusip>
    <value>343</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6414</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6414</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>First Community Bkshrs</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31983A103</cusip>
    <value>405</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24755</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>24755</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Frontier Communications</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>35906A108</cusip>
    <value>514</value>
    <shrsOrPrnAmt>
      <sshPrnamt>90102</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>87702</Sole>
      <Shared>0</Shared>
      <None>2400</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Electric</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>369604103</cusip>
    <value>2095</value>
    <shrsOrPrnAmt>
      <sshPrnamt>80912</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>79762</Sole>
      <Shared>0</Shared>
      <None>1150</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Mills</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>370334104</cusip>
    <value>572</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11040</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10790</Sole>
      <Shared>0</Shared>
      <None>250</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Google Cl A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>38259P508</cusip>
    <value>7237</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6493</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6380</Sole>
      <Shared>0</Shared>
      <None>113</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>HCP Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40414L109</cusip>
    <value>1987</value>
    <shrsOrPrnAmt>
      <sshPrnamt>51229</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50179</Sole>
      <Shared>0</Shared>
      <None>1050</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Home Depot</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>437076102</cusip>
    <value>467</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5901</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5901</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Honeywell Int'l</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>438516106</cusip>
    <value>6362</value>
    <shrsOrPrnAmt>
      <sshPrnamt>68589</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>66894</Sole>
      <Shared>0</Shared>
      <None>1695</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IBM Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>459200101</cusip>
    <value>1430</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7428</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7428</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Imperial Resources Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45308Q106</cusip>
    <value>1</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Int'l Paper Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>460146103</cusip>
    <value>958</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20870</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20420</Sole>
      <Shared>0</Shared>
      <None>450</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Intel Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>458140100</cusip>
    <value>1039</value>
    <shrsOrPrnAmt>
      <sshPrnamt>40253</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>40253</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Intrexon Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46122T102</cusip>
    <value>1615</value>
    <shrsOrPrnAmt>
      <sshPrnamt>61430</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>61430</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JPMorgan Chase &amp; Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46625H100</cusip>
    <value>451</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7423</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6553</Sole>
      <Shared>0</Shared>
      <None>870</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>478160104</cusip>
    <value>4909</value>
    <shrsOrPrnAmt>
      <sshPrnamt>49973</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>49057</Sole>
      <Shared>0</Shared>
      <None>916</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Kimberly-Clark</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>494368103</cusip>
    <value>351</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3185</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3185</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lilly (Eli)</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>532457108</cusip>
    <value>1546</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26272</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>25087</Sole>
      <Shared>0</Shared>
      <None>1185</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lockheed Martin</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>539830109</cusip>
    <value>302</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1850</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1800</Sole>
      <Shared>0</Shared>
      <None>50</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lowe's Cos</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>548661107</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4748</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4748</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>McDonald's Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>580135101</cusip>
    <value>818</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8340</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8340</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Merck &amp; Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>1282</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22588</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>21623</Sole>
      <Shared>0</Shared>
      <None>965</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Microsoft Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>594918104</cusip>
    <value>4310</value>
    <shrsOrPrnAmt>
      <sshPrnamt>105139</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>103244</Sole>
      <Shared>0</Shared>
      <None>1895</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Noble Energy</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>655044105</cusip>
    <value>284</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Nordson Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>655663102</cusip>
    <value>249</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3528</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3528</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Norfolk Southern</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>655844108</cusip>
    <value>3288</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33842</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33842</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Northrop Grumman</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666807102</cusip>
    <value>408</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3307</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3132</Sole>
      <Shared>0</Shared>
      <None>175</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>On Assignment Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682159108</cusip>
    <value>1046</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>27100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Oneok Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682680103</cusip>
    <value>296</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Oracle Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68389X105</cusip>
    <value>5546</value>
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      <Sole>54035</Sole>
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      <None>680</None>
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      <None>800</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>949746101</cusip>
    <value>661</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13298</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13298</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>YUM Brands</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>988498101</cusip>
    <value>739</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9804</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9804</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Zimmer Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>98956P102</cusip>
    <value>224</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2371</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2371</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SPDR S&amp;P Regional Banking</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>78464A698</cusip>
    <value>962</value>
    <shrsOrPrnAmt>
      <sshPrnamt>23245</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22995</Sole>
      <Shared>0</Shared>
      <None>250</None>
    </votingAuthority>
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    <nameOfIssuer>SPDR Technology Select</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>81369Y803</cusip>
    <value>683</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18785</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17985</Sole>
      <Shared>0</Shared>
      <None>800</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard Consumer Discretionar</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A108</cusip>
    <value>968</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9150</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9150</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Vanguard Div App ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>921908844</cusip>
    <value>718</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9540</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9140</Sole>
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      <None>400</None>
    </votingAuthority>
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    <nameOfIssuer>Vanguard Financials ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A405</cusip>
    <value>4528</value>
    <shrsOrPrnAmt>
      <sshPrnamt>99444</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>97599</Sole>
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      <None>1845</None>
    </votingAuthority>
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    <nameOfIssuer>Vanguard Growth ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>922908736</cusip>
    <value>1390</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14867</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14867</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Vanguard Healthcare ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A504</cusip>
    <value>930</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard Index Fds - Mid Cap E</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>922908629</cusip>
    <value>1011</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8902</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8902</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard Industrial ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A603</cusip>
    <value>935</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard Information Technolog</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A702</cusip>
    <value>938</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10250</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10250</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard Materials ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>92204A801</cusip>
    <value>962</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Value ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>922908744</cusip>
    <value>981</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12563</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12563</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>iShares Russell 2000 ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>464287655</cusip>
    <value>1158</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9950</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9950</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>iShares Russell 2000 Growth ET</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>464287648</cusip>
    <value>905</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6651</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6651</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Vanguard REIT ETF</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>922908553</cusip>
    <value>1358</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19232</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>18882</Sole>
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      <None>350</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SPDR Gold Trust</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>78463V107</cusip>
    <value>272</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2198</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2198</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Actavis PLC (New)</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G0083B108</cusip>
    <value>3828</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18595</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>18595</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Alkermes PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G01767105</cusip>
    <value>220</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AstraZeneca PLC ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>046353108</cusip>
    <value>225</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3464</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3464</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>BP ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>055622104</cusip>
    <value>481</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9992</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8604</Sole>
      <Shared>0</Shared>
      <None>1388</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BT Group PLC ADS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05577E101</cusip>
    <value>241</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3775</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3775</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Canadian National Railway</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>136375102</cusip>
    <value>236</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ChipMos Technologies</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G2110R114</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10500</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Ensco Int'l Inc Class A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G3157S106</cusip>
    <value>218</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4125</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4125</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Giant Interactive Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>374511103</cusip>
    <value>259</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22350</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22350</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Ingersoll-Rand</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G47791101</cusip>
    <value>412</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7192</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7192</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Jazz Pharmaceuticals plc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G50871105</cusip>
    <value>284</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Magna Intl Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>559222401</cusip>
    <value>679</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Michael Kors LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G60754101</cusip>
    <value>5206</value>
    <shrsOrPrnAmt>
      <sshPrnamt>55815</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>54965</Sole>
      <Shared>0</Shared>
      <None>850</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>New Oriental Education &amp; Tech</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>647581107</cusip>
    <value>244</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Novartis AG ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>66987V109</cusip>
    <value>252</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2962</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2962</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Novo-Nordisk A/S ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>670100205</cusip>
    <value>237</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5185</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5185</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Prudential PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74435K204</cusip>
    <value>240</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5650</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5650</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Roche Hldg Ltd ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>771195104</cusip>
    <value>275</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Royal Dutch Shell ADR Cl A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>780259206</cusip>
    <value>407</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5574</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5574</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Sanofi Aventis ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>80105N105</cusip>
    <value>1158</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22155</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>21855</Sole>
      <Shared>0</Shared>
      <None>300</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Shire Plc ADS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>82481R106</cusip>
    <value>249</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1675</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1675</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Toronto Dominion Bk</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>891160509</cusip>
    <value>210</value>
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      <sshPrnamt>4472</sshPrnamt>
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      <sshPrnamt>81068</sshPrnamt>
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    <votingAuthority>
      <Sole>79743</Sole>
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      <None>1325</None>
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    <nameOfIssuer>Unilever NV NY Shrs</nameOfIssuer>
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      <sshPrnamt>7700</sshPrnamt>
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    <votingAuthority>
      <Sole>7700</Sole>
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      <None>0</None>
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    <nameOfIssuer>Vanguard FTSE Emerging Markets</nameOfIssuer>
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    <value>1796</value>
    <shrsOrPrnAmt>
      <sshPrnamt>44248</sshPrnamt>
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    <votingAuthority>
      <Sole>44248</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286202</cusip>
    <value>267</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13350</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13350</Sole>
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      <None>0</None>
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    <cusip>464286301</cusip>
    <value>264</value>
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      <sshPrnamt>15200</sshPrnamt>
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      <Sole>15200</Sole>
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      <None>0</None>
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    <nameOfIssuer>iShares MSCI EAFE Growth</nameOfIssuer>
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    <cusip>464288885</cusip>
    <value>898</value>
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      <sshPrnamt>12653</sshPrnamt>
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      <Sole>12653</Sole>
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      <None>0</None>
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    <nameOfIssuer>iShares MSCI EAFE Index</nameOfIssuer>
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    <cusip>464287465</cusip>
    <value>384</value>
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      <sshPrnamt>5714</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>iShares MSCI EAFE Value Index</nameOfIssuer>
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    <cusip>464288877</cusip>
    <value>937</value>
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      <sshPrnamt>16274</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>16274</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464287234</cusip>
    <value>576</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14040</sshPrnamt>
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    <votingAuthority>
      <Sole>14040</Sole>
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      <None>0</None>
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    <cusip>464286707</cusip>
    <value>284</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9710</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9710</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286806</cusip>
    <value>406</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12950</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12950</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286632</cusip>
    <value>288</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5450</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5450</Sole>
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      <None>0</None>
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    <cusip>464286855</cusip>
    <value>311</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17550</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17550</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286814</cusip>
    <value>310</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11850</sshPrnamt>
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    <votingAuthority>
      <Sole>11850</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286764</cusip>
    <value>292</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7150</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7150</Sole>
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      <None>0</None>
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    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286749</cusip>
    <value>264</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>iShares MSCI United Kingdom</nameOfIssuer>
    <titleOfClass>ETFs</titleOfClass>
    <cusip>464286699</cusip>
    <value>249</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Cohen &amp; ST Select Infrastructu</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>19248A109</cusip>
    <value>1516</value>
    <shrsOrPrnAmt>
      <sshPrnamt>68652</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>68285</Sole>
      <Shared>0</Shared>
      <None>367</None>
    </votingAuthority>
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</informationTable>
