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 6,692 47,716 SH   SOLE   47,716 0 0
AT&T Inc. COM 00206R102 473 13,445 SH   SOLE   13,445 0 0
Allergan Inc. COM 018490102 6,088 54,810 SH   SOLE   54,810 0 0
Allstate Corp COM 020002101 366 6,717 SH   SOLE   6,717 0 0
Apple Computer COM 037833100 4,419 7,876 SH   SOLE   7,876 0 0
Automatic Data Processing COM 053015103 6,310 78,095 SH   SOLE   78,095 0 0
BYD Co Ltd ADR COM 05606L100 108 11,000 SH   SOLE   11,000 0 0
Berkshire Hathaway Inc Cl A COM 084670108 5,337 30 SH   SOLE   30 0 0
Berkshire Hathaway Inc Cl B COM 084670702 5,715 48,205 SH   SOLE   48,205 0 0
Bridgehampton National Bank COM 108035106 1,315 50,577 SH   SOLE   50,577 0 0
Bristol Myers COM 110122108 468 8,800 SH   SOLE   8,800 0 0
Caterpillar Inc. COM 149123101 3,383 37,250 SH   SOLE   37,250 0 0
Chevron Corporation COM 166764100 502 4,018 SH   SOLE   4,018 0 0
Coca-Cola COM 191216100 874 21,152 SH   SOLE   21,152 0 0
Deere & Company COM 244199105 1,808 19,800 SH   SOLE   19,800 0 0
Diageo Plc COM 25243Q205 4,994 37,713 SH   SOLE   37,713 0 0
Disney Walt Co COM 254687106 611 8,000 SH   SOLE   8,000 0 0
Ebay Inc Com COM 278642103 2,428 44,250 SH   SOLE   44,250 0 0
Ei Dupont De Nemours & Co COM 263534109 820 12,620 SH   SOLE   12,620 0 0
Emerson Elec Co COM 291011104 4,947 70,485 SH   SOLE   70,485 0 0
Exxon Mobil Corp COM 30231G102 9,434 93,217 SH   SOLE   93,217 0 0
Factset Research Sys COM 303075105 4,617 42,525 SH   SOLE   42,525 0 0
General Elec Co COM 369604103 11,546 411,915 SH   SOLE   411,915 0 0
Google Inc. Cl A COM 38259P508 9,816 8,759 SH   SOLE   8,759 0 0
Heineken Holding COM N39338194 578 9,125 SH   SOLE   9,125 0 0
Honeywell International Inc COM 438516106 5,146 56,320 SH   SOLE   56,320 0 0
International Business Machine COM 459200101 4,568 24,354 SH   SOLE   24,354 0 0
Johnson & Johnson COM 478160104 5,178 56,532 SH   SOLE   56,532 0 0
Kraft Foods Group Inc Com COM 50076Q106 1,049 19,463 SH   SOLE   19,463 0 0
Laboratory Amer Hldgs Com New COM 50540R409 955 10,450 SH   SOLE   10,450 0 0
Mela Sciences Inc Com COM 55277R100 10 15,900 SH   SOLE   15,900 0 0
Mondelez Intl Inc Cl A COM 609207105 3,350 94,915 SH   SOLE   94,915 0 0
Nestle Sa COM 641069406 6,270 85,397 SH   SOLE   85,397 0 0
Nextera Energy Inc. COM 65339F101 342 4,000 SH   SOLE   4,000 0 0
Norfolk Southern Corp. COM 655844108 5,116 55,114 SH   SOLE   55,114 0 0
Pepsico Inc. COM 713448108 2,003 24,155 SH   SOLE   24,155 0 0
Perrigo Company COM G97822103 234 1,525 SH   SOLE   1,525 0 0
Pfizer Inc. COM 717081103 1,135 37,062 SH   SOLE   37,062 0 0
Philip Morris Intl Inc Com COM 718172109 1,194 13,700 SH   SOLE   13,700 0 0
Plum Creek Timber Co. COM 729251108 474 10,200 SH   SOLE   10,200 0 0
Procter And Gamble Co COM 742718109 6,270 77,015 SH   SOLE   77,015 0 0
Schlumberger COM 806857108 5,550 61,595 SH   SOLE   61,595 0 0
Smucker J M Company COM 832696405 253 2,440 SH   SOLE   2,440 0 0
Southwestern Energy Co. COM 845467109 4,331 110,125 SH   SOLE   110,125 0 0
Target Corp COM 87612E106 2,237 35,358 SH   SOLE   35,358 0 0
Union Pacific COM 907818108 344 2,050 SH   SOLE   2,050 0 0
Verizon Communications COM 92343V104 340 6,929 SH   SOLE   6,929 0 0
Visa Inc COM 92826C839 2,486 11,165 SH   SOLE   11,165 0 0
Vodafone Group PLC New COM 92857W209 5,431 138,150 SH   SOLE   138,150 0 0
Wells Fargo & Co. COM 949746101 318 7,000 SH   SOLE   7,000 0 0