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
2X BDC Index COM 90267b765 4,694 279,500 SH   SOLE   279,500 0 0
Aarons Inc COM 002535300 1,596 72,900 SH   SOLE   72,900 0 0
Abbvie COM 00287y109 4,761 76,900 SH   SOLE   76,900 0 0
Advance Auto Parts COM 00751Y106 2,340 14,475 SH   SOLE   14,475 0 0
American Express COM 025816109 1,042 17,150 SH   SOLE   17,150 0 0
AmerisourceBergen COM 03073e105 3,732 47,050 SH   SOLE   47,050 0 0
Amgen Inc COM 031162100 3,382 22,225 SH   SOLE   22,225 0 0
Apple Inc. COM 037833100 5,201 54,404 SH   SOLE   54,404 0 0
BP p.l.c COM 055622104 206 5,800 SH   SOLE   5,800 0 0
Bed Bath & Beyond COM 075896100 2,732 63,210 SH   SOLE   63,210 0 0
CVS Caremark COM 126650100 4,804 50,178 SH   SOLE   50,178 0 0
Capital One Financial COM 14040h105 1,270 20,000 SH   SOLE   20,000 0 0
ChevronTexaco Corp COM 166764100 1,311 12,510 SH   SOLE   12,510 0 0
Chicago Bridge & Iron COM 167250109 1,749 50,500 SH   SOLE   50,500 0 0
Chubb Ltd COM h1467j104 2,382 18,225 SH   SOLE   18,225 0 0
Cisco Systems Inc COM 17275r102 5,532 192,825 SH   SOLE   192,825 0 0
Daimler AG COM d1668r123 240 4,000 SH   SOLE   4,000 0 0
Devon Energy Corp COM 25179M103 832 22,950 SH   SOLE   22,950 0 0
Dick's Sporting Goods COM 253393102 1,370 30,400 SH   SOLE   30,400 0 0
EMC Corp COM 268648102 3,498 128,746 SH   SOLE   128,746 0 0
ENSCO Intl COM G3157S106 909 93,663 SH   SOLE   93,663 0 0
ETRACS Alerian MLP COM 902641646 238 8,425 SH   SOLE   8,425 0 0
Eaton Corp COM g29183103 1,383 23,150 SH   SOLE   23,150 0 0
Express Scripts COM 30219g108 4,194 55,325 SH   SOLE   55,325 0 0
F5 Networks Inc COM 315616102 3,618 31,778 SH   SOLE   31,778 0 0
FedEx COM 31428x106 6,403 42,187 SH   SOLE   42,187 0 0
Fifth Street Finance COM 31678a103 1,000 206,230 SH   SOLE   206,230 0 0
First Robinson Fin COM 336188107 513 14,970 SH   SOLE   14,970 0 0
General Electric COM 369604103 1,875 59,568 SH   SOLE   59,568 0 0
General Motors COM 37045v100 860 30,397 SH   SOLE   30,397 0 0
Gilead Sciences COM 375558103 4,361 52,275 SH   SOLE   52,275 0 0
Harley-Davidson COM 412822108 2,279 50,300 SH   SOLE   50,300 0 0
Home Depot COM 437076102 638 5,000 SH   SOLE   5,000 0 0
Int'l Business Mach. COM 459200101 243 1,600 SH   SOLE   1,600 0 0
Intel Corp. COM 458140100 3,052 93,060 SH   SOLE   93,060 0 0
J.P. Morgan Chase COM 46625H100 4,165 67,022 SH   SOLE   67,022 0 0
Johnson & Johnson COM 478160104 3,014 24,848 SH   SOLE   24,848 0 0
Macy's Inc COM 55616P104 1,630 48,500 SH   SOLE   48,500 0 0
Medley Capital COM 58503f106 1,152 171,905 SH   SOLE   171,905 0 0
Metlife Inc COM 59156r108 1,398 35,100 SH   SOLE   35,100 0 0
Microsoft COM 594918104 1,914 37,400 SH   SOLE   37,400 0 0
Nike Inc., Cl-B COM 654106103 1,595 28,900 SH   SOLE   28,900 0 0
Oracle Systems COM 68389X105 1,559 38,100 SH   SOLE   38,100 0 0
PayPal Holdings COM 70450Y103 1,712 46,900 SH   SOLE   46,900 0 0
PennantPark Invt COM 708062104 937 137,250 SH   SOLE   137,250 0 0
Pepsico Inc. COM 713448108 1,859 17,550 SH   SOLE   17,550 0 0
Prospect Capital Corp COM 74348t102 272 34,818 SH   SOLE   34,818 0 0
Qualcomm Inc COM 747525103 3,290 61,412 SH   SOLE   61,412 0 0
SPDR Trust Unit COM 78462F103 486 2,322 SH   SOLE   2,322 0 0
Schlumberger Ltd COM 806857108 1,973 24,955 SH   SOLE   24,955 0 0
Solar Capital COM 83413u100 1,122 58,895 SH   SOLE   58,895 0 0
Sonic Automotive COM 83545G102 274 16,000 SH   SOLE   16,000 0 0
Sysco Corp COM 871829107 578 11,400 SH   SOLE   11,400 0 0
TJX Companies Inc COM 872540109 263 3,404 SH   SOLE   3,404 0 0
Target Corp COM 87612e106 405 5,800 SH   SOLE   5,800 0 0
Union Pacific COM 907818108 3,835 43,950 SH   SOLE   43,950 0 0
United Continental Holdings COM 910047109 4,071 99,200 SH   SOLE   99,200 0 0
United Therapeutics COM 91307c102 392 3,700 SH   SOLE   3,700 0 0
Verizon Comm. COM 92343v104 2,818 50,471 SH   SOLE   50,471 0 0
WESCO International COM 95082p105 1,267 24,600 SH   SOLE   24,600 0 0
Walt Disney Co. COM 254687106 3,847 39,331 SH   SOLE   39,331 0 0
Wells Fargo COM 949746101 1,575 33,275 SH   SOLE   33,275 0 0
Yahoo! COM 984332106 1,510 40,200 SH   SOLE   40,200 0 0
Zimmer Biomet COM 98956p102 4,453 36,990 SH   SOLE   36,990 0 0
Vanguard REIT ETF COM 922908553 222 2,500 SH   SOLE   2,500 0 0
BlackRock Core Bond Trust COM 09249E101 1,534 109,800 SH   SOLE   109,800 0 0
Blackstone Strategic COM 09257r101 1,502 104,375 SH   SOLE   104,375 0 0
DWS High Income COM 25158y102 1,229 90,350 SH   SOLE   90,350 0 0
Eaton Vance Ltd Dur COM 27828h105 2,149 159,918 SH   SOLE   159,918 0 0
J Hancock Pfd Inc PRD 41013W108 1,824 79,875 SH   SOLE   79,875 0 0
Pimco Muni Income II COM 72200w106 1,750 125,370 SH   SOLE   125,370 0 0
Pimco Total Return COM 693390700 140 13,560 SH   SOLE   13,560 0 0
WFC Adv Income COM 94987b105 1,886 238,694 SH   SOLE   238,694 0 0
WFC Adv Multi Sect COM 94987d101 1,908 150,805 SH   SOLE   150,805 0 0
JP Morgan 6.125% PRD 48127r461 1,929 71,960 SH   SOLE   71,960 0 0
Ryl Bk Scotland 7.25% PRD 780097879 907 35,620 SH   SOLE   35,620 0 0
Wells Fargo 5.7% PRD 94988u714 1,250 47,150 SH   SOLE   47,150 0 0