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 6,517 48,041 SH   SOLE   48,041 0 0
AT&T Inc. COM 00206R102 472 13,445 SH   SOLE   13,445 0 0
Allergan Inc. COM 018490102 6,790 54,710 SH   SOLE   54,710 0 0
Allstate Corp COM 020002101 380 6,717 SH   SOLE   6,717 0 0
Apple Computer COM 037833100 4,404 8,206 SH   SOLE   8,206 0 0
Automatic Data Processing COM 053015103 6,014 77,845 SH   SOLE   77,845 0 0
BYD Co Ltd ADR COM 05606L100 136 11,000 SH   SOLE   11,000 0 0
Berkshire Hathaway Inc Cl A COM 084670108 5,621 30 SH   SOLE   30 0 0
Berkshire Hathaway Inc Cl B COM 084670702 6,392 51,147 SH   SOLE   51,147 0 0
Bridgehampton National Bank COM 108035106 1,351 50,577 SH   SOLE   50,577 0 0
Bristol Myers COM 110122108 457 8,800 SH   SOLE   8,800 0 0
Caterpillar Inc. COM 149123101 3,011 30,300 SH   SOLE   30,300 0 0
Chevron Corporation COM 166764100 478 4,018 SH   SOLE   4,018 0 0
Coca-Cola COM 191216100 818 21,152 SH   SOLE   21,152 0 0
Deere & Company COM 244199105 1,798 19,800 SH   SOLE   19,800 0 0
Diageo Plc COM 25243Q205 4,848 38,913 SH   SOLE   38,913 0 0
Disney Walt Co COM 254687106 641 8,000 SH   SOLE   8,000 0 0
Ebay Inc Com COM 278642103 3,336 60,400 SH   SOLE   60,400 0 0
Ei Dupont De Nemours & Co COM 263534109 847 12,620 SH   SOLE   12,620 0 0
Emerson Elec Co COM 291011104 4,530 67,810 SH   SOLE   67,810 0 0
Exxon Mobil Corp COM 30231G102 9,081 92,962 SH   SOLE   92,962 0 0
Factset Research Sys COM 303075105 5,048 46,824 SH   SOLE   46,824 0 0
General Elec Co COM 369604103 10,772 416,065 SH   SOLE   416,065 0 0
Google Inc Cl C COM 38259P706 9,468 8,495 SH   SOLE   8,495 0 0
Heineken Holding COM N39338194 589 9,125 SH   SOLE   9,125 0 0
Honeywell International Inc COM 438516106 5,619 60,580 SH   SOLE   60,580 0 0
International Business Machine COM 459200101 4,688 24,354 SH   SOLE   24,354 0 0
Johnson & Johnson COM 478160104 5,759 58,632 SH   SOLE   58,632 0 0
Kraft Foods Group Inc Com COM 50076Q106 1,085 19,347 SH   SOLE   19,347 0 0
Laboratory Amer Hldgs Com New COM 50540R409 1,026 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 3,355 97,115 SH   SOLE   97,115 0 0
Nestle Sa COM 641069406 6,481 86,022 SH   SOLE   86,022 0 0
Nextera Energy Inc. COM 65339F101 382 4,000 SH   SOLE   4,000 0 0
Norfolk Southern Corp. COM 655844108 5,355 55,114 SH   SOLE   55,114 0 0
Pepsico Inc. COM 713448108 2,255 27,005 SH   SOLE   27,005 0 0
Perrigo Company COM G97822103 3,560 23,020 SH   SOLE   23,020 0 0
Pfizer Inc. COM 717081103 1,190 37,062 SH   SOLE   37,062 0 0
Plum Creek Timber Co. COM 729251108 429 10,200 SH   SOLE   10,200 0 0
Procter And Gamble Co COM 742718109 6,475 80,340 SH   SOLE   80,340 0 0
Schlumberger COM 806857108 6,030 61,845 SH   SOLE   61,845 0 0
Smucker J M Company COM 832696405 237 2,440 SH   SOLE   2,440 0 0
Southwestern Energy Co. COM 845467109 5,081 110,425 SH   SOLE   110,425 0 0
Target Corp COM 87612E106 738 12,200 SH   SOLE   12,200 0 0
Union Pacific COM 907818108 385 2,050 SH   SOLE   2,050 0 0
Verizon Communications COM 92343V104 361 7,586 SH   SOLE   7,586 0 0
Visa Inc COM 92826C839 3,120 14,455 SH   SOLE   14,455 0 0
Wells Fargo & Co. COM 949746101 348 7,000 SH   SOLE   7,000 0 0