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
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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
2X BDC Index COM 90267b765 11,461 563,195 SH   SOLE   563,195 0 0
Abbott Labs COM 002824100 4,500 91,697 SH   SOLE   91,697 0 0
Abbvie COM 00287y109 4,421 65,800 SH   SOLE   65,800 0 0
Ace Limited COM H0023R105 440 4,325 SH   SOLE   4,325 0 0
American Express COM 025816109 1,348 17,350 SH   SOLE   17,350 0 0
Apple Inc. COM 037833100 6,492 51,762 SH   SOLE   51,762 0 0
Bed Bath & Beyond COM 075896100 3,691 53,510 SH   SOLE   53,510 0 0
CVS Caremark COM 126650100 5,045 48,103 SH   SOLE   48,103 0 0
Cameron International COM 13342b105 3,685 70,372 SH   SOLE   70,372 0 0
ChevronTexaco Corp COM 166764100 1,202 12,460 SH   SOLE   12,460 0 0
Chicago Bridge & Iron COM 167250109 1,601 32,000 SH   SOLE   32,000 0 0
Cisco Systems Inc COM 17275r102 3,910 142,400 SH   SOLE   142,400 0 0
Devon Energy Corp COM 25179M103 1,389 23,350 SH   SOLE   23,350 0 0
Dick's Sporting Goods COM 253393102 1,530 29,550 SH   SOLE   29,550 0 0
EMC Corp COM 268648102 3,501 132,646 SH   SOLE   132,646 0 0
ENSCO Intl COM G3157S106 1,602 71,928 SH   SOLE   71,928 0 0
Eaton Corp COM g29183103 1,473 21,825 SH   SOLE   21,825 0 0
Ebay, Inc. COM 278642103 2,113 35,075 SH   SOLE   35,075 0 0
Express Scripts COM 30219g108 5,036 56,625 SH   SOLE   56,625 0 0
F5 Networks Inc COM 315616102 4,294 35,678 SH   SOLE   35,678 0 0
FedEx COM 31428x106 4,104 24,082 SH   SOLE   24,082 0 0
Fifth Street Finance COM 31678a103 4,228 645,430 SH   SOLE   645,430 0 0
General Electric COM 369604103 3,276 123,301 SH   SOLE   123,301 0 0
General Motors COM 37045v100 1,153 34,597 SH   SOLE   34,597 0 0
Gilead Sciences COM 375558103 5,980 51,075 SH   SOLE   51,075 0 0
Harley-Davidson COM 412822108 3,037 53,900 SH   SOLE   53,900 0 0
Home Depot COM 437076102 3,408 30,668 SH   SOLE   30,668 0 0
Honda Motor COM 438128308 2,143 66,152 SH   SOLE   66,152 0 0
Int'l Business Mach. COM 459200101 260 1,600 SH   SOLE   1,600 0 0
Intel Corp. COM 458140100 3,183 104,660 SH   SOLE   104,660 0 0
J.P. Morgan Chase COM 46625H100 4,762 70,272 SH   SOLE   70,272 0 0
Johnson & Johnson COM 478160104 2,509 25,748 SH   SOLE   25,748 0 0
Medley Capital COM 58503f106 3,171 355,855 SH   SOLE   355,855 0 0
Metlife Inc COM 59156r108 3,533 63,100 SH   SOLE   63,100 0 0
PennantPark Invt COM 708062104 2,987 340,185 SH   SOLE   340,185 0 0
Pepsico Inc. COM 713448108 1,638 17,550 SH   SOLE   17,550 0 0
Prospect Capital Corp COM 74348t102 3,264 442,835 SH   SOLE   442,835 0 0
Qualcomm Inc COM 747525103 4,075 65,065 SH   SOLE   65,065 0 0
SPDR Trust Unit COM 78462F103 1,133 5,502 SH   SOLE   5,502 0 0
Schlumberger Ltd COM 806857108 2,060 23,900 SH   SOLE   23,900 0 0
Solar Capital COM 83413u100 1,228 68,195 SH   SOLE   68,195 0 0
Stryker Corp COM 863667101 2,513 26,300 SH   SOLE   26,300 0 0
TICC Capital COM 87244t109 4,105 610,885 SH   SOLE   610,885 0 0
TJX Companies Inc COM 872540109 225 3,404 SH   SOLE   3,404 0 0
Union Pacific COM 907818108 2,794 29,300 SH   SOLE   29,300 0 0
United Continental Holdings COM 910047109 3,605 68,000 SH   SOLE   68,000 0 0
United Therapeutics COM 91307c102 2,766 15,900 SH   SOLE   15,900 0 0
Verizon Comm. COM 92343v104 2,658 57,021 SH   SOLE   57,021 0 0
WESCO International COM 95082p105 3,487 50,800 SH   SOLE   50,800 0 0
Wal-Mart Stores COM 931142103 3,204 45,171 SH   SOLE   45,171 0 0
Walt Disney Co. COM 254687106 4,364 38,232 SH   SOLE   38,232 0 0
Wells Fargo COM 949746101 1,807 32,125 SH   SOLE   32,125 0 0
Yahoo! COM 984332106 1,913 48,700 SH   SOLE   48,700 0 0
AllianceBernstein COM 01881e101 1,673 224,821 SH   SOLE   224,821 0 0
BlackRock Core Bond Trust COM 09249E101 398 31,420 SH   SOLE   31,420 0 0
Blackstone Strategic COM 09257r101 2,322 148,580 SH   SOLE   148,580 0 0
DWS High Income COM 25158y102 2,021 138,408 SH   SOLE   138,408 0 0
Eaton Vance Ltd Dur COM 27828h105 2,308 171,318 SH   SOLE   171,318 0 0
Pimco Muni Income II COM 72200w106 994 86,600 SH   SOLE   86,600 0 0
Pimco Total Return COM 693390700 290 27,416 SH   SOLE   27,416 0 0
WFC Adv Income COM 94987b105 2,259 273,194 SH   SOLE   273,194 0 0
WFC Adv Multi Sect COM 94987d101 2,185 172,605 SH   SOLE   172,605 0 0
JP Morgan 6.125% PRD 48127r461 1,748 70,185 SH   SOLE   70,185 0 0
Merrill IV 7.12% PRD 59021g204 1,209 47,350 SH   SOLE   47,350 0 0
Merrill V 7.28% PRD 59021k205 374 14,595 SH   SOLE   14,595 0 0
Ryl Bk Scotland 7.25% PRD 780097879 1,011 39,820 SH   SOLE   39,820 0 0