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    <nameOfIssuer>ABBOTT LABS</nameOfIssuer>
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    <nameOfIssuer>ABBVIE INC.</nameOfIssuer>
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    <nameOfIssuer>AIR PRODUCTS &amp; CHEMICALS</nameOfIssuer>
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    <nameOfIssuer>ALPHABET INC. CLASS C</nameOfIssuer>
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    <nameOfIssuer>AMERICAN EXPRESS CO.</nameOfIssuer>
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    <nameOfIssuer>AMERICAN FUNDAMENTAL INVESTORS CL A</nameOfIssuer>
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    <nameOfIssuer>BRISTOL-MYERS SQUIBB CO.</nameOfIssuer>
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    <nameOfIssuer>CISCO SYSTEMS INC.</nameOfIssuer>
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    <nameOfIssuer>DUPONT de NEMOURS INC.</nameOfIssuer>
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    <nameOfIssuer>ELEMENT SOLUTIONS INC.</nameOfIssuer>
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    <nameOfIssuer>EXXON MOBIL CORP.</nameOfIssuer>
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    <nameOfIssuer>GW PHARMACEUTICALS plc ADR</nameOfIssuer>
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    <nameOfIssuer>GENERAL ELECTRIC</nameOfIssuer>
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    <nameOfIssuer>GOLDMAN SACHS GROUP INC.</nameOfIssuer>
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    <nameOfIssuer>HOME DEPOT INC.</nameOfIssuer>
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    <nameOfIssuer>HONEYWELL INTL INC.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <nameOfIssuer>HOWARD HUGHES CORP</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <value>1814</value>
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    <nameOfIssuer>INTEL CORP.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <nameOfIssuer>JP MORGAN CHASE &amp; CO.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <value>5756</value>
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    </votingAuthority>
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    <nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <value>11393</value>
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    <titleOfClass>Common Stock</titleOfClass>
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    <votingAuthority>
      <Sole>100166</Sole>
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    <nameOfIssuer>L3 HARRIS TECHNOLOGIES INC.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <votingAuthority>
      <Sole>10288</Sole>
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      <None>0</None>
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    <nameOfIssuer>LOWES COMPANIES INC.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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      <sshPrnamt>13815</sshPrnamt>
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    <votingAuthority>
      <Sole>13815</Sole>
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    <nameOfIssuer>MC DONALD'S CORPORATION</nameOfIssuer>
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      <sshPrnamt>20218</sshPrnamt>
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    <votingAuthority>
      <Sole>20218</Sole>
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    <nameOfIssuer>MEDTRONIC PLC SHS</nameOfIssuer>
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    <votingAuthority>
      <Sole>2813</Sole>
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    <nameOfIssuer>MICROSOFT CORPORATION</nameOfIssuer>
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      <Sole>61796</Sole>
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    <nameOfIssuer>MONDELEZ INTERNATIONAL INC.</nameOfIssuer>
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    <votingAuthority>
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    <nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
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      <Sole>7116</Sole>
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      <None>0</None>
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    <nameOfIssuer>NIKE INC.</nameOfIssuer>
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    <votingAuthority>
      <Sole>60000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NORFOLK SOUTHERN CORP.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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      <sshPrnamt>17600</sshPrnamt>
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    <votingAuthority>
      <Sole>17600</Sole>
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      <None>0</None>
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    <nameOfIssuer>NOVARTIS ADR</nameOfIssuer>
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    <value>1563</value>
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    <votingAuthority>
      <Sole>17900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ORACLE CORPORATION</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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      <sshPrnamt>56900</sshPrnamt>
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    <votingAuthority>
      <Sole>56900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PEPSICO</nameOfIssuer>
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    <votingAuthority>
      <Sole>21546</Sole>
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      <None>0</None>
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    <nameOfIssuer>PFIZER</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
    <cusip>717081103</cusip>
    <value>516</value>
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      <sshPrnamt>15809</sshPrnamt>
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    <votingAuthority>
      <Sole>15809</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PROCTER &amp; GAMBLE CO.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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    <value>7347</value>
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      <sshPrnamt>61450</sshPrnamt>
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    <votingAuthority>
      <Sole>61450</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>QUALCOMM INC.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
    <cusip>747525103</cusip>
    <value>3523</value>
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      <sshPrnamt>38635</sshPrnamt>
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    <votingAuthority>
      <Sole>38635</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SCHLUMBERGER LIMITED</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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      <sshPrnamt>28023</sshPrnamt>
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    <votingAuthority>
      <Sole>28023</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>STRYKER CORPORATION</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
    <cusip>863667101</cusip>
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    <votingAuthority>
      <Sole>3000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRUIST FINANCIAL CORPORATION</nameOfIssuer>
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      <Sole>8979</Sole>
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    <nameOfIssuer>UNION PACIFIC CORP.</nameOfIssuer>
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      <None>0</None>
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    <nameOfIssuer>UNITED HEALTHCARE CORP.</nameOfIssuer>
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    </votingAuthority>
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    <nameOfIssuer>UNITED PARCEL SERVICE</nameOfIssuer>
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    <nameOfIssuer>UNITED RENTALS INC</nameOfIssuer>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>VANGUARD EMERGING MARKETS ETF</nameOfIssuer>
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      <Sole>31932</Sole>
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    </votingAuthority>
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    <nameOfIssuer>VERIZON COMMUNICATIONS</nameOfIssuer>
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      <Sole>27516</Sole>
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    </votingAuthority>
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    <nameOfIssuer>VIACOMCBS INC.</nameOfIssuer>
    <titleOfClass>Common Stock</titleOfClass>
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      <Sole>40700</Sole>
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    </votingAuthority>
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    <nameOfIssuer>VISA INC.</nameOfIssuer>
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      <sshPrnamt>1702</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>1702</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>WATERS CORP</nameOfIssuer>
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      <sshPrnamt>43067</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>43067</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
