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
3M Co COM 88579Y101 5,275 48,241 SH   SOLE   48,241 0 0
AT&T Inc. COM 00206R102 476 13,445 SH   SOLE   13,445 0 0
Allergan Inc. COM 018490102 3,162 37,540 SH   SOLE   37,540 0 0
Allstate Corp COM 020002101 340 7,060 SH   SOLE   7,060 0 0
Apple Computer COM 037833100 5,764 14,535 SH   SOLE   14,535 0 0
Automatic Data Processing COM 053015103 5,691 82,645 SH   SOLE   82,645 0 0
BYD Co Ltd ADR COM 05606L100 195 29,500 SH   SOLE   29,500 0 0
Berkshire Hathaway Inc Cl A COM 084670108 5,058 30 SH   SOLE   30 0 0
Berkshire Hathaway Inc Cl B COM 084670702 5,557 49,655 SH   SOLE   49,655 0 0
Bridgehampton National Bank COM 108035106 1,338 59,485 SH   SOLE   59,485 0 0
Bristol Myers COM 110122108 393 8,800 SH   SOLE   8,800 0 0
Caterpillar Inc. COM 149123101 2,807 34,030 SH   SOLE   34,030 0 0
Chevron Corporation COM 166764100 475 4,018 SH   SOLE   4,018 0 0
Coca-Cola COM 191216100 848 21,152 SH   SOLE   21,152 0 0
Deere & Company COM 244199105 1,584 19,500 SH   SOLE   19,500 0 0
Diageo Plc COM 25243Q205 4,297 37,383 SH   SOLE   37,383 0 0
Disney Walt Co COM 254687106 505 8,000 SH   SOLE   8,000 0 0
Ei Dupont De Nemours & Co COM 263534109 663 12,620 SH   SOLE   12,620 0 0
Emerson Elec Co COM 291011104 4,656 85,360 SH   SOLE   85,360 0 0
Equity Residential Sh Ben Int COM 29476L107 4,249 73,175 SH   SOLE   73,175 0 0
Exxon Mobil Corp COM 30231G102 7,607 84,192 SH   SOLE   84,192 0 0
Factset Research Sys COM 303075105 4,205 41,250 SH   SOLE   41,250 0 0
General Elec Co COM 369604103 9,216 397,415 SH   SOLE   397,415 0 0
Google Inc. Cl A COM 38259P508 7,878 8,949 SH   SOLE   8,949 0 0
Heineken Holding COM N39338194 511 9,125 SH   SOLE   9,125 0 0
Honeywell International Inc COM 438516106 4,516 56,920 SH   SOLE   56,920 0 0
International Business Machine COM 459200101 4,686 24,521 SH   SOLE   24,521 0 0
Johnson & Johnson COM 478160104 5,001 58,250 SH   SOLE   58,250 0 0
Kraft Foods Group Inc Com COM 50076Q106 1,136 20,336 SH   SOLE   20,336 0 0
Laboratory Amer Hldgs Com New COM 50540R409 1,046 10,450 SH   SOLE   10,450 0 0
Mela Sciences Inc Com COM 55277R100 15 15,900 SH   SOLE   15,900 0 0
Mondelez Intl Inc Cl A COM 609207105 2,694 94,415 SH   SOLE   94,415 0 0
Nestle Sa COM 641069406 5,384 82,222 SH   SOLE   82,222 0 0
Nextera Energy Inc. COM 65339F101 326 4,000 SH   SOLE   4,000 0 0
Norfolk Southern Corp. COM 655844108 3,915 53,889 SH   SOLE   53,889 0 0
Pepsico Inc. COM 713448108 1,992 24,355 SH   SOLE   24,355 0 0
Pfizer Inc. COM 717081103 1,027 36,662 SH   SOLE   36,662 0 0
Philip Morris Intl Inc Com COM 718172109 1,187 13,700 SH   SOLE   13,700 0 0
Plum Creek Timber Co. COM 729251108 467 10,000 SH   SOLE   10,000 0 0
Procter And Gamble Co COM 742718109 5,739 74,540 SH   SOLE   74,540 0 0
Schlumberger COM 806857108 4,767 66,520 SH   SOLE   66,520 0 0
Smucker J M Company COM 832696405 252 2,440 SH   SOLE   2,440 0 0
Southwestern Energy Co. COM 845467109 3,807 104,226 SH   SOLE   104,226 0 0
Target Corp COM 87612E106 2,455 35,658 SH   SOLE   35,658 0 0
Verizon Communications COM 92343V104 355 7,044 SH   SOLE   7,044 0 0
Vodafone Group PLC New COM 92857W209 4,299 149,550 SH   SOLE   149,550 0 0
Wells Fargo & Co. COM 949746101 289 7,000 SH   SOLE   7,000 0 0
Spdr Tr Unit Ser 1 ETF 78462F103 215 1,343 SH   SOLE   1,343 0 0