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
Estimated average burden
hours per response: 23.8
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
QUALCOMM INC COMMON STOCK 747525103 61,333 777,752 SH   SOLE None 0 0 777,752
CHEVRON CORP COMMON STOCK 166764100 21,821 183,511 SH   SOLE None 0 0 183,511
GENERAL ELEC CO COMMON STOCK 369604103 20,040 774,033 SH   SOLE None 0 0 774,033
EXXON MOBIL CORP COMMON STOCK 30231G102 19,366 198,259 SH   SOLE None 0 0 198,259
JOHNSON & JOHNSON COMMON STOCK 478160104 16,839 171,424 SH   SOLE None 0 0 171,424
PFIZER INC COMMON STOCK 717081103 16,623 517,521 SH   SOLE None 0 0 517,521
INTERNATIONAL BUS MACH COMMON STOCK 459200101 16,141 83,855 SH   SOLE None 0 0 83,855
MERCK & CO INC COMMON STOCK 58933Y105 14,361 252,960 SH   SOLE None 0 0 252,960
BANK OF AMERICA CORP COMMON STOCK 060505104 14,104 819,992 SH   SOLE None 0 0 819,992
INTEL CORP COMMON STOCK 458140100 13,260 513,662 SH   SOLE None 0 0 513,662
J P MORGAN CHASE & CO INC COMMON STOCK 46625H100 12,560 206,893 SH   SOLE None 0 0 206,893
FREEPORT-MCMORAN COPPER B COMMON STOCK 35671D857 12,494 377,798 SH   SOLE None 0 0 377,798
UNITED TECHNOLOGIES CP COMMON STOCK 913017109 11,573 99,051 SH   SOLE None 0 0 99,051
COLGATE-PALMOLIVE CO. COMMON STOCK 194162103 10,662 164,356 SH   SOLE None 0 0 164,356
KINDER MORGAN INC COMMON STOCK 49456B101 10,530 324,086 SH   SOLE None 0 0 324,086
TEVA PHARMACEUTICAL ADR COMMON STOCK 881624209 10,186 192,762 SH   SOLE None 0 0 192,762
HOME DEPOT INC COMMON STOCK 437076102 9,713 122,743 SH   SOLE None 0 0 122,743
EMERSON ELEC CO COM COMMON STOCK 291011104 9,039 135,317 SH   SOLE None 0 0 135,317
ORACLE CORPORATION COMMON STOCK 68389X105 8,892 217,350 SH   SOLE None 0 0 217,350
E M C CORP MASS COMMON STOCK 268648102 8,877 323,873 SH   SOLE None 0 0 323,873
CITIGROUP INC COMMON STOCK 172967424 8,874 186,428 SH   SOLE None 0 0 186,428
TRANSOCEAN INC COMMON STOCK 050546683 8,781 212,406 SH   SOLE None 0 0 212,406
GILEAD SCIENCES INC. COMMON STOCK 375558103 8,714 122,974 SH   SOLE None 0 0 122,974
PEPSICO INC COMMON STOCK 713448108 8,278 99,135 SH   SOLE None 0 0 99,135
APPLE COMPUTER INC COMMON STOCK 037833100 8,014 14,930 SH   SOLE None 0 0 14,930
AT&T INC COMMON STOCK 00206R102 7,730 220,413 SH   SOLE None 0 0 220,413
SUPERIOR ENERGY SERVICES INC COMMON STOCK 868157108 7,472 242,921 SH   SOLE None 0 0 242,921
SIGMA ALDRICH COMMON STOCK 826552101 7,401 79,255 SH   SOLE None 0 0 79,255
VALE SA COMMON STOCK 91912E105 7,383 533,824 SH   SOLE None 0 0 533,824
BRISTOL MYERS SQUIBB COMMON STOCK 110122108 7,262 139,781 SH   SOLE None 0 0 139,781
PENTAIR INC COMMON STOCK 709631105 7,125 89,808 SH   SOLE None 0 0 89,808
NOVARTIS AG-ADR COMMON STOCK 66987V109 6,870 80,805 SH   SOLE None 0 0 80,805
WELLS FARGO COMPANY COMMON STOCK 949746101 6,749 135,686 SH   SOLE None 0 0 135,686
VISA INC COMMON STOCK 92826C839 6,470 29,971 SH   SOLE None 0 0 29,971
BP PLC-ADR COMMON STOCK 055622104 5,996 124,656 SH   SOLE None 0 0 124,656
DUKE ENERGY CORP COMMON STOCK 26441C204 5,802 81,470 SH   SOLE None 0 0 81,470
SOUTHERN CO COMMON STOCK 842587107 5,766 131,232 SH   SOLE None 0 0 131,232
MONSANTO CO COMMON STOCK 61166W101 5,373 47,226 SH   SOLE None 0 0 47,226
SCHWAB VALUE ADVANTAGE MONEY F OTHER ASSETS 808515605 5,353 5,352,924 SH   SOLE None 0 0 5,352,924
AMERICAN ASSETS TRUST CLOSED END EQUITY FUNDS 024013104 5,248 155,528 SH   SOLE None 0 0 155,528
EL PASO PIPELINE PTNRS LP COMMON STOCK 283702108 5,145 169,305 SH   SOLE None 0 0 169,305
MICROSOFT CORP COMMON STOCK 594918104 5,126 125,044 SH   SOLE None 0 0 125,044
WALT DISNEY COMPANY COMMON STOCK 254687106 4,958 61,920 SH   SOLE None 0 0 61,920
ITRON INC COMMON STOCK 465741106 4,850 136,480 SH   SOLE None 0 0 136,480
PROCTER & GAMBLE CO COM COMMON STOCK 742718109 4,661 57,830 SH   SOLE None 0 0 57,830
XYLEM INC COMMON STOCK 98419M100 4,538 124,607 SH   SOLE None 0 0 124,607
FLUOR CORP (NEW) COMMON STOCK 343412102 4,157 53,484 SH   SOLE None 0 0 53,484
PENN WEST ENERGY TRUST COMMON STOCK 707887105 4,116 492,360 SH   SOLE None 0 0 492,360
WALGREEN CO COMMON STOCK 931422109 3,953 59,865 SH   SOLE None 0 0 59,865
PHILIP MORRIS INTL COMMON STOCK 718172109 3,829 46,768 SH   SOLE None 0 0 46,768
COSTCO WHOLESALE CORP COMMON STOCK 22160K105 3,640 32,592 SH   SOLE None 0 0 32,592
CISCO SYS INC COMMON STOCK 17275R102 3,591 160,209 SH   SOLE None 0 0 160,209
REALTY INCOME CORP COMMON STOCK 756109104 3,504 85,755 SH   SOLE None 0 0 85,755
HEALTH CARE REIT INC COMMON STOCK 42217K106 3,402 57,085 SH   SOLE None 0 0 57,085
CHINA MOBILE HD ADR F COMMON STOCK 16941M109 3,181 69,785 SH   SOLE None 0 0 69,785
GOOGLE INC-CL A COMMON STOCK 38259P508 3,156 2,832 SH   SOLE None 0 0 2,832
BERKSHIRE HATHAWAY INC. - CL B COMMON STOCK 084670702 3,113 24,906 SH   SOLE None 0 0 24,906
OCCIDENTAL PETE CP DEL COMMON STOCK 674599105 3,104 32,575 SH   SOLE None 0 0 32,575
WAL MART STORES INC COMMON STOCK 931142103 3,041 39,793 SH   SOLE None 0 0 39,793
DIAGEO PLC NEW- SPON ADR COMMON STOCK 25243Q205 2,961 23,762 SH   SOLE None 0 0 23,762
STARBUCKS CORP COMMON STOCK 855244109 2,930 39,935 SH   SOLE None 0 0 39,935
ALLSTATE CORP COMMON STOCK 020002101 2,809 49,650 SH   SOLE None 0 0 49,650
NEW YORK COMMUNITY BANK COMMON STOCK 649445103 2,784 173,220 SH   SOLE None 0 0 173,220
F5 NETWORKS INC COMMON STOCK 315616102 2,771 25,985 SH   SOLE None 0 0 25,985
YUM BRANDS INC COMMON STOCK 988498101 2,300 30,510 SH   SOLE None 0 0 30,510
REPUBLIC SERVICES INC-CL A COMMON STOCK 760759100 1,722 50,400 SH   SOLE None 0 0 50,400
WYNN RESORTS LTD COMMON STOCK 983134107 1,700 7,651 SH   SOLE None 0 0 7,651
BERKSHIRE HATHAWAY INC (1/100 COMMON STOCK 008499017 1,686 900 SH   SOLE None 0 0 900
AMERICAN EXPRESS CO COMMON STOCK 025816109 1,566 17,393 SH   SOLE None 0 0 17,393
ROYAL DUTCH SHEL ADR A COMMON STOCK 780259206 1,551 21,225 SH   SOLE None 0 0 21,225
EATON CORP PLC COMMON STOCK 278058102 1,357 18,065 SH   SOLE None 0 0 18,065
BARCLAYS BK PLC PFD 7.1% PREFERRED STOCK 06739H776 1,248 48,600 SH   SOLE None 0 0 48,600
JP MORGAN PFD 5.45% SER P PREFERRED STOCK 46637G124 1,224 56,400 SH   SOLE None 0 0 56,400
SEMPRA ENERGY COMMON STOCK 816851109 1,161 12,000 SH   SOLE None 0 0 12,000
KB HOME COMMON STOCK 48666K109 1,086 63,915 SH   SOLE None 0 0 63,915
VERIZON COMMUNICATIONS COMMON STOCK 92343V104 1,026 21,576 SH   SOLE None 0 0 21,576
DB CAP TRUST III 7.6% PFD PREFERRED STOCK 25150L108 1,016 37,450 SH   SOLE None 0 0 37,450
DEVON ENERGY CORPORATION COMMON STOCK 25179M103 989 14,775 SH   SOLE None 0 0 14,775
CONOCOPHILLIPS COMMON STOCK 20825C104 981 13,945 SH   SOLE None 0 0 13,945
SPX CORP COMMON STOCK 784635104 929 9,452 SH   SOLE None 0 0 9,452
SCHWAB CA MUNI MONEY FD OTHER ASSETS 808508204 918 917,806 SH   SOLE None 0 0 917,806
MEDTRONIC INC COMMON STOCK 585055106 893 14,514 SH   SOLE None 0 0 14,514
SCHLUMBERGER LTD COMMON STOCK 806857108 868 8,899 SH   SOLE None 0 0 8,899
BLACKROCK INC COMMON STOCK 09247X101 829 2,635 SH   SOLE None 0 0 2,635
SCHWAB TREASURY VALUE ADV MONE OTHER ASSETS 808515621 800 800,000 SH   SOLE None 0 0 800,000
RETAIL PROPERTIES OF AMERICA I COMMON STOCK 76131V202 779 57,564 SH   SOLE None 0 0 57,564
STRYKER CORP COMMON STOCK 863667101 779 9,560 SH   SOLE None 0 0 9,560
EDISON INTERNATIONAL COMMON STOCK 281020107 739 13,049 SH   SOLE None 0 0 13,049
NESTLE S A COMMON STOCK 641069406 731 9,722 SH   SOLE None 0 0 9,722
BARCLAYS BK 8.125% PFD PREFERRED STOCK 06739H362 718 27,596 SH   SOLE None 0 0 27,596
TESLA MOTORS INC COMMON STOCK 88160R101 680 3,260 SH   SOLE None 0 0 3,260
EQT CORP COMMON STOCK 26884L109 670 6,908 SH   SOLE None 0 0 6,908
CARNIVAL CORP CL A COMMON STOCK 143658300 618 16,330 SH   SOLE None 0 0 16,330
3M COMPANY COMMON STOCK 88579Y101 590 4,350 SH   SOLE None 0 0 4,350
COCA COLA CO COMMON STOCK 191216100 540 13,961 SH   SOLE None 0 0 13,961
3D SYSTEMS CORP COMMON STOCK 88554D205 519 8,775 SH   SOLE None 0 0 8,775
P G & E CORPORATION COMMON STOCK 69331C108 518 12,000 SH   SOLE None 0 0 12,000
CATERPILLAR INC COMMON STOCK 149123101 495 4,977 SH   SOLE None 0 0 4,977
SYMANTEC CORP COMMON STOCK 871503108 462 23,150 SH   SOLE None 0 0 23,150
AIR PRODS & CHEMS INC COMMON STOCK 009158106 440 3,700 SH   SOLE None 0 0 3,700
SOUTHWEST GAS CORP. COMMON STOCK 844895102 417 7,800 SH   SOLE None 0 0 7,800
PHILLIPS 66 COMMON STOCK 718546104 401 5,208 SH   SOLE None 0 0 5,208
HONEYWELL INTL INC COMMON STOCK 438516106 399 4,300 SH   SOLE None 0 0 4,300
REALTY INCOME CORP 6.625% SER PREFERRED STOCK 756109807 397 15,750 SH   SOLE None 0 0 15,750
VF CORP COMMON STOCK 918204108 375 6,060 SH   SOLE None 0 0 6,060
ABBVIE INC COMMON STOCK 00287Y109 367 7,131 SH   SOLE None 0 0 7,131
MCDONALDS CORP COMMON STOCK 580135101 361 3,678 SH   SOLE None 0 0 3,678
UNION PACIFIC CORP COMMON STOCK 907818108 355 1,890 SH   SOLE None 0 0 1,890
AMERIPRISE FINANCIAL INC. COMMON STOCK 03076C106 351 3,190 SH   SOLE None 0 0 3,190
NIKE INC - CL B COMMON STOCK 654106103 351 4,751 SH   SOLE None 0 0 4,751
URBAN OUTFITTERS INC COMMON STOCK 917047102 336 9,200 SH   SOLE None 0 0 9,200
PUBLIC SVC ENTERPRISE COMMON STOCK 744573106 313 8,197 SH   SOLE None 0 0 8,197
ABBOTT LABS COMMON STOCK 002824100 308 7,996 SH   SOLE None 0 0 7,996
LOWE'S COMPANIES COMMON STOCK 548661107 303 6,200 SH   SOLE None 0 0 6,200
ENERGY TRANSFER PARTNERS LP COMMON STOCK 29273R109 300 5,569 SH   SOLE None 0 0 5,569
PLAINS ALL AMER PIPELINE LP COMMON STOCK 726503105 292 5,290 SH   SOLE None 0 0 5,290
BANK OF AMERICA CORP PFD 7.25% PREFERRED STOCK 060505682 286 250 SH   SOLE None 0 0 250
PUBLIC STORAGE INC. COMMON STOCK 74460D109 271 1,610 SH   SOLE None 0 0 1,610
KIMBERLY-CLARK CORP COMMON STOCK 494368103 252 2,285 SH   SOLE None 0 0 2,285
GOGO INC COMMON STOCK 38046C109 242 11,798 SH   SOLE None 0 0 11,798
LAACO LTD UNIT PARTNERSHIP COMMON STOCK 505346106 241 208 SH   SOLE None 0 0 208
NEXTERA ENERGY INC COMMON STOCK 65339F101 241 2,520 SH   SOLE None 0 0 2,520
BIOGEN IDEC INC COMMON STOCK 09062X103 239 782 SH   SOLE None 0 0 782
FIRSTENERGY CORP COMMON STOCK 337932107 228 6,698 SH   SOLE None 0 0 6,698
ALTRIA GROUP INC COMMON STOCK 02209S103 224 5,974 SH   SOLE None 0 0 5,974
KIMCO REALTY CORP COMMON STOCK 49446R109 223 10,210 SH   SOLE None 0 0 10,210
DOMINION RES INC VA COMMON STOCK 25746U109 223 3,140 SH   SOLE None 0 0 3,140
BAXTER INTL INC COMMON STOCK 071813109 222 3,015 SH   SOLE None 0 0 3,015
PACWEST BANCORP COMMON STOCK 695263103 221 5,130 SH   SOLE None 0 0 5,130
KINDER MORGAN ENERGY PTNRS LP COMMON STOCK 494550106 214 2,895 SH   SOLE None 0 0 2,895
HSBC USA INC SERIES H 6.50% PF PREFERRED STOCK 40428H862 214 8,500 SH   SOLE None 0 0 8,500
BOEING CO COMMON STOCK 097023105 208 1,654 SH   SOLE None 0 0 1,654
MARATHON PETROLEUM CORP COMMON STOCK 56585A102 204 2,344 SH   SOLE None 0 0 2,344
APPLIED MICRO CIRCUITS CORP COMMON STOCK 03822W406 161 16,285 SH   SOLE None 0 0 16,285
VALLEY BANKCORP COMMON STOCK 919794107 115 11,024 SH   SOLE None 0 0 11,024
SOLAR POWER INC COMMON STOCK 83490A100 45 173,000 SH   SOLE None 0 0 173,000
MEDICAL MARIJUANA INC COMMON STOCK 58463A105 9 33,300 SH   SOLE None 0 0 33,300
VISION INDUSTRIES CORP COMMON STOCK 92835C101 5 100,000 SH   SOLE None 0 0 100,000
E DIGITAL CORP COMMON STOCK 26841Y103 3 46,811 SH   SOLE None 0 0 46,811
IRELAND INC COMMON STOCK 46267T206 2 11,500 SH   SOLE None 0 0 11,500
VANTEX RESOURCES LTD COMMON STOCK 921945408 0 10,400 SH   SOLE None 0 0 10,400
BIO-MATRIX SCIENTIFIC GROUP COMMON STOCK 09065C106 0 12,500 SH   SOLE None 0 0 12,500