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
3M Company COM 88579Y101 1,991 14,057 SH   SOLE   14,057 0 0
Access Midstream Ptrs LP COM 434L109 764 12,012 SH   SOLE   12,012 0 0
Aflac Inc 5.5% PFD 1055300 725 29,855 SH   SOLE   29,855 0 0
Allstate Corp 5.625% PFD 20002408 958 39,516 SH   SOLE   39,516 0 0
Allstate Corp 6.75% PFD 20002606 1,150 44,192 SH   SOLE   44,192 0 0
Altria Group, Inc. COM 2209S103 2,764 60,165 SH   SOLE   60,165 0 0
Amer Fin 6.375% PFD 25932401 743 28,893 SH   SOLE   28,893 0 0
American Electric Power Compan COM 25537101 756 14,488 SH   SOLE   14,488 0 0
American Express Company COM 25816109 1,053 12,023 SH   SOLE   12,023 0 0
Amgen Inc. COM 31162100 5,723 40,747 SH   SOLE   40,747 0 0
Apache Corporation COM 37411105 1,958 20,855 SH   SOLE   20,855 0 0
Apple Computer, Inc. COM 37833100 2,866 28,445 SH   SOLE   28,445 0 0
AT&T Inc. COM 206R102 4,634 131,500 SH   SOLE   131,500 0 0
Atmos Energy Corporation COM 49560105 1,236 25,910 SH   SOLE   25,910 0 0
Bank of America Corporation COM 60505104 6,617 388,150 SH   SOLE   388,150 0 0
Barclays Bank 7.75% PFD 6739H511 553 21,400 SH   SOLE   21,400 0 0
Barclays Bk 8.125% PFD 6739H362 371 14,280 SH   SOLE   14,280 0 0
Barclays Bk Plc 6.625% PFD 6739F390 762 30,085 SH   SOLE   30,085 0 0
BB&T Corp 5.85% PFD 54937206 386 15,974 SH   SOLE   15,974 0 0
BB&T Corporation COM 54937107 513 13,776 SH   SOLE   13,776 0 0
Berkshire Hathaway Inc. Class COM 84670702 8,229 59,570 SH   SOLE   59,570 0 0
Bristol-Myers Squibb Company COM 110122108 8,020 156,709 SH   SOLE   156,709 0 0
C. R. Bard, Inc. COM 67383109 1,614 11,308 SH   SOLE   11,308 0 0
Cabot Oil & Gas COM 127097103 6,593 201,680 SH   SOLE   201,680 0 0
Caterpillar Inc. COM 149123101 4,648 46,932 SH   SOLE   46,932 0 0
Celgene Corp COM 151020104 2,395 25,268 SH   SOLE   25,268 0 0
Charles Schwab 6.0% PFD 808513204 1,129 44,952 SH   SOLE   44,952 0 0
Charles Schwab Corporation COM 808513105 452 15,372 SH   SOLE   15,372 0 0
Chevron Corporation COM 166764100 6,656 55,784 SH   SOLE   55,784 0 0
Church & Dwight Co., Inc. COM 171340102 7,094 101,109 SH   SOLE   101,109 0 0
Cisco Systems, Inc. COM 17275R102 3,783 150,307 SH   SOLE   150,307 0 0
Citigroup Inc. COM 172967101 538 10,386 SH   SOLE   10,386 0 0
Clorox Company COM 189054109 6,773 70,527 SH   SOLE   70,527 0 0
Coca-Cola Company COM 191216100 957 22,427 SH   SOLE   22,427 0 0
ConocoPhillips COM 20825C104 8,160 106,641 SH   SOLE   106,641 0 0
Consolidated Edison, Inc. COM 209115104 2,584 45,613 SH   SOLE   45,613 0 0
DCP Midstream Partners COM 23311P100 1,299 23,865 SH   SOLE   23,865 0 0
Deutsche Bank 6.625% PFD 25153Y206 1,050 41,343 SH   SOLE   41,343 0 0
Dominion Res 8.375 Jr Sub Nts PFD 25746U604 679 26,962 SH   SOLE   26,962 0 0
Dominion Resources, Inc. COM 25746U109 7,499 108,540 SH   SOLE   108,540 0 0
Dover Corporation COM 260003108 6,113 76,102 SH   SOLE   76,102 0 0
E.I. du Pont De Nemours and Co COM 263534109 7,229 100,742 SH   SOLE   100,742 0 0
El Paso Pipeline Ptnr Lp COM 283702108 528 13,139 SH   SOLE   13,139 0 0
Emerson Electric Co. COM 291011104 6,107 97,593 SH   SOLE   97,593 0 0
Enterprise Prd Prtnrs LP COM 293792107 3,489 86,585 SH   SOLE   86,585 0 0
Express Scripts, Inc. COM 302182100 1,923 27,231 SH   SOLE   27,231 0 0
Exxon Mobil Corporation COM 30231G102 5,421 57,634 SH   SOLE   57,634 0 0
General Electric Company COM 369604103 8,233 321,362 SH   SOLE   321,362 0 0
Genuine Parts Company COM 372460105 4,075 46,457 SH   SOLE   46,457 0 0
Goldman Sachs 6.2% PFD 38144x500 1,536 61,533 SH   SOLE   61,533 0 0
HCP Inc. COM 421915109 3,918 98,673 SH   SOLE   98,673 0 0
Hewlett-Packard Company COM 428236103 420 11,832 SH   SOLE   11,832 0 0
HSBC Hldgs 6.2% PFD 404280604 933 37,100 SH   SOLE   37,100 0 0
Intel Corporation COM 458140100 5,976 171,625 SH   SOLE   171,625 0 0
International Business Machine COM 459200101 5,980 31,500 SH   SOLE   31,500 0 0
iShares Cohen & Steers Realty COM 464287564 4,748 56,212 SH   SOLE   56,212 0 0
iShares Nasdaq Biotechnology S COM 464287556 3,243 11,853 SH   SOLE   11,853 0 0
Ishares Tr S&P Global COM 464287275 1,309 20,819 SH   SOLE   20,819 0 0
iShares US Preferred Index PFD 464288687 7,720 195,354 SH   SOLE   195,354 0 0
Johnson & Johnson COM 478160104 9,015 84,577 SH   SOLE   84,577 0 0
JP Morgan Chase 6.7% PFD 48125E207 931 36,442 SH   SOLE   36,442 0 0
JP Morgan Chase 6.7% PFD 48127A161 398 15,572 SH   SOLE   15,572 0 0
JPM/Alerian MLP Index ETN COM 46625H365 4,806 90,551 SH   SOLE   90,551 0 0
JPMorgan Chase & Co. COM 46625H100 1,439 23,886 SH   SOLE   23,886 0 0
Kimberly-Clark Corporation COM 494368103 1,696 15,767 SH   SOLE   15,767 0 0
Kinder Morgan Energy Partners COM 494550106 3,188 34,179 SH   SOLE   34,179 0 0
Knowles Corp COM 49926D109 763 28,797 SH   SOLE   28,797 0 0
Lowe's Companies, Inc. COM 548661107 6,520 123,212 SH   SOLE   123,212 0 0
M & T Bank COM 55261F104 1,729 14,026 SH   SOLE   14,026 0 0
Magellan Midstream Partners, L COM 559080106 1,946 23,113 SH   SOLE   23,113 0 0
Marriott International, Inc. COM 571903202 3,644 52,131 SH   SOLE   52,131 0 0
McDonald's Corporation COM 580135101 5,977 63,039 SH   SOLE   63,039 0 0
Mentor Graphics Corp COM 587200106 282 13,774 SH   SOLE   13,774 0 0
Metlife 6.5% PFD 59156R603 2,388 93,200 SH   SOLE   93,200 0 0
Microchip Technology COM 595017104 6,290 133,182 SH   SOLE   133,182 0 0
Microsoft Corporation COM 594918104 4,009 86,480 SH   SOLE   86,480 0 0
Mondelez Intl Inc COM 609207105 6,316 184,319 SH   SOLE   184,319 0 0
Monsanto Company COM 61166W101 2,485 22,086 SH   SOLE   22,086 0 0
NextEra Energy 5.125% PFD 65339K803 354 16,162 SH   SOLE   16,162 0 0
Nextera Energy 5.7% PFD 65339K605 313 12,940 SH   SOLE   12,940 0 0
NextEra Energy Inc. COM 65339F101 4,533 48,289 SH   SOLE   48,289 0 0
NIKE, Inc. Class B COM 654106103 4,216 47,263 SH   SOLE   47,263 0 0
Northeast Utilities COM 664397106 1,623 36,634 SH   SOLE   36,634 0 0
Novartis AG Sponsored ADR COM 66987V109 3,706 39,368 SH   SOLE   39,368 0 0
Oracle Corporation COM 68389X105 1,013 26,458 SH   SOLE   26,458 0 0
Partner Re D 6.5% PFD G68603409 1,078 42,659 SH   SOLE   42,659 0 0
PepsiCo, Inc. COM 713448108 8,726 93,732 SH   SOLE   93,732 0 0
PetSmart, Inc. COM 716768106 6,054 86,375 SH   SOLE   86,375 0 0
Pfizer Inc. COM 717081103 8,022 271,290 SH   SOLE   271,290 0 0
Philip Morris Intl Inc COM 718172109 2,074 24,870 SH   SOLE   24,870 0 0
Plum Creek Timber Company, Inc COM 729251108 3,552 91,051 SH   SOLE   91,051 0 0
PNC Financial Services Group COM 693475105 1,705 19,917 SH   SOLE   19,917 0 0
Praxair, Inc. COM 74005P104 2,991 23,189 SH   SOLE   23,189 0 0
Procter & Gamble Company COM 742718109 2,989 35,688 SH   SOLE   35,688 0 0
Prudential Fin 5.75% PFD 740434782 2,141 86,798 SH   SOLE   86,798 0 0
PS Bus Parks 6.45% PFD 69360J719 812 32,017 SH   SOLE   32,017 0 0
Public Storage 5.375%% PFD 74460W800 296 12,930 SH   SOLE   12,930 0 0
Public Storage 6.35% PFD 74460D125 932 36,280 SH   SOLE   36,280 0 0
Public Storage 6.375% PFD 74460W842 332 12,918 SH   SOLE   12,918 0 0
Qualcomm, Incorporated COM 747525103 6,978 93,330 SH   SOLE   93,330 0 0
Roper Industries Inc. COM 776696106 2,156 14,740 SH   SOLE   14,740 0 0
SCE Trust 5.625% PFD 78406T201 1,568 66,646 SH   SOLE   66,646 0 0
Southern Company COM 842587107 4,161 95,326 SH   SOLE   95,326 0 0
SPDR ETF- Consumer Discret COM 81369Y407 2,936 44,017 SH   SOLE   44,017 0 0
SPDR ETF- Consumer Staples COM 81369Y308 477 10,571 SH   SOLE   10,571 0 0
SPDR ETF- Energy COM 81369Y506 1,547 17,072 SH   SOLE   17,072 0 0
SPDR ETF- Financial COM 81369Y605 1,857 80,162 SH   SOLE   80,162 0 0
SPDR ETF- Materials COM 81369Y100 3,183 64,189 SH   SOLE   64,189 0 0
SPDR ETF- Utilities COM 81369Y886 1,413 33,575 SH   SOLE   33,575 0 0
SPDR ETF-Technology COM 81369y803 931 23,337 SH   SOLE   23,337 0 0
Stanley Black&Decker 5.75% PFD 854502705 2,449 99,240 SH   SOLE   99,240 0 0
State Street 5.25% PFD 857477509 274 11,915 SH   SOLE   11,915 0 0
T. Rowe Price Group, Inc. COM 74144T108 1,737 22,156 SH   SOLE   22,156 0 0
TC Pipelines LP COM 8723Q108 1,022 15,093 SH   SOLE   15,093 0 0
TJX Companies, Inc. COM 872540109 5,788 97,811 SH   SOLE   97,811 0 0
U.S. Bancorp COM 902973304 1,047 25,026 SH   SOLE   25,026 0 0
Unilever Plc ADR COM 904767704 5,583 133,254 SH   SOLE   133,254 0 0
Union Pacific Corporation COM 907818108 8,024 74,005 SH   SOLE   74,005 0 0
United Technologies Corporatio COM 913017109 6,102 57,785 SH   SOLE   57,785 0 0
US Bancorp 5.15% PFD 902973791 1,030 45,689 SH   SOLE   45,689 0 0
US Cellular 6.95% PFD 911684405 1,105 43,658 SH   SOLE   43,658 0 0
V F Corp COM 918204108 6,038 91,442 SH   SOLE   91,442 0 0
Verizon Communications Inc. COM 92343V104 7,356 147,145 SH   SOLE   147,145 0 0
Wal-Mart Stores, Inc. COM 931142103 2,453 32,075 SH   SOLE   32,075 0 0
Washington Real Estate Investm COM 939653101 1,919 75,610 SH   SOLE   75,610 0 0
WellPoint, Inc. COM 94973V107 3,525 29,465 SH   SOLE   29,465 0 0
Wells Fargo & Co 6% PFD 949746366 466 18,750 SH   SOLE   18,750 0 0
Wells Fargo & Company COM 949746101 7,277 140,294 SH   SOLE   140,294 0 0
Wyndham Worldwide Corp COM 98310W108 6,324 77,819 SH   SOLE   77,819 0 0
Xcel Energy Inc. COM 98389B100 4,153 136,604 SH   SOLE   136,604 0 0
Xilinx Inc COM 983919101 3,794 89,591 SH   SOLE   89,591 0 0
YUM! Brands, Inc. COM 988498101 5,732 79,636 SH   SOLE   79,636 0 0