3M Common Stock 88579Y101 4735 33060 SH SOLE 33060 0 0 ABBOTT LABORATORIES Common Stock 002824100 2402 58750 SH SOLE 58750 0 0 ABBVIE INC. Common Stock 00287Y109 3411 60450 SH SOLE 60450 0 0 AIR PRODUCTS & CHEMICALS Common Stock 009158106 508 3950 SH SOLE 3950 0 0 ALTRIA GROUP INC. Common Stock 02209S103 570 13600 SH SOLE 13600 0 0 AMERICAN EXPRESS CO. Common Stock 025816109 1565 16500 SH SOLE 16500 0 0 AMGEN INC. Common Stock 031162100 3373 28500 SH SOLE 28500 0 0 APACHE CORP. Common Stock 037411105 261 2600 SH SOLE 2600 0 0 APPLE COMPUTER Common Stock 037833100 41535 446957 SH SOLE 446957 0 0 BAKER HUGHES, INC. Common Stock 057224107 1503 20200 SH SOLE 20200 0 0 BANK OF NY MELLON CORP Common Stock 064058100 802 21421 SH SOLE 21421 0 0 BANK OF AMERICA CORP Common Stock 060505104 364 23705 SH SOLE 23705 0 0 BAXTER INTERNATIONAL Common Stock 071813109 2971 41100 SH SOLE 41100 0 0 BERKSHIRE HATHAWAY INC. CL. "B" Common Stock 084670207 2541 20078 SH SOLE 20078 0 0 BLACKROCK INC. Common Stock 09247X101 246 770 SH SOLE 770 0 0 BOEING CORPORATION Common Stock 097023105 4834 38000 SH SOLE 38000 0 0 BRISTOL-MYERS SQUIBB Common Stock 110122108 2653 54700 SH SOLE 54700 0 0 CVS CAREMARK CORP. Common Stock 126650100 452 6000 SH SOLE 6000 0 0 CHEVRON TEXACO Common Stock 166764100 737 5650 SH SOLE 5650 0 0 CISCO SYSTEMS Common Stock 17275R102 419 16900 SH SOLE 16900 0 0 CLOVIS Common Stock 189464100 248 6000 SH SOLE 6000 0 0 COCA COLA Common Stock 191216100 2703 63815 SH SOLE 63815 0 0 COLGATE-PALMOLIVE COMPANY Common Stock 194162103 3417 50128 SH SOLE 50128 0 0 CONOCO PHILLIPS Common Stock 20825C104 1094 12764 SH SOLE 12764 0 0 CORNING INC. Common Stock 219350105 621 28300 SH SOLE 28300 0 0 COSTCO Common Stock 22160K105 529 4600 SH SOLE 4600 0 0 CUMMINS INC. Common Stock 231021106 848 5500 SH SOLE 5500 0 0 CYTEC INDUSTRIES Common Stock 232820100 853 8100 SH SOLE 8100 0 0 DEERE & COMPANY Common Stock 24419910 606 6700 SH SOLE 6700 0 0 DEVON ENERGY CORP. Common Stock 25179M103 921 11600 SH SOLE 11600 0 0 DISNEY (WALT) CO. Common Stock 254687106 4402 51350 SH SOLE 51350 0 0 DOVER CORP Common Stock 260003108 2282 25100 SH SOLE 25100 0 0 DUPONT DE NEMOURS Common Stock 263534109 1850 28271 SH SOLE 28271 0 0 EMC CORPORATION Common Stock 26864810 400 15200 SH SOLE 15200 0 0 EMERSON CO. Common Stock 291011104 3862 58200 SH SOLE 58200 0 0 ENTERPRISE PROSUCTS PARTNERS L.P. Common Stock 293792107 266 3400 SH SOLE 3400 0 0 EXXON MOBIL Common Stock 30231G102 8379 83225 SH SOLE 83225 0 0 FEDEX CORP Common Stock 31428X106 1211 8000 SH SOLE 8000 0 0 FREEPORT-MCMORAN COPPER & GOLD, INC. Common Stock 35671D857 591 16200 SH SOLE 16200 0 0 GILEAD SCIENCES INC. Common Stock 375558103 381 4600 SH SOLE 4600 0 0 GENERAL ELECTRIC Common Stock 369604103 3782 143937 SH SOLE 143937 0 0 GOLDMAN SACHS Common Stock 38141G104 778 4650 SH SOLE 4650 0 0 GOOGLE INC CLASS A Common Stock 38259P508 637 1090 SH SOLE 1090 0 0 GOOGLE INC CLASS C Common Stock 38259P706 627 1090 SH SOLE 1090 0 0 HALLIBURTON COMPANY Common Stock 406216101 1867 26300 SH SOLE 26300 0 0 HOME DEPOT Common Stock 437076102 783 9675 SH SOLE 9675 0 0 HONEYWELL INTL Common Stock 438516106 5095 54825 SH SOLE 54825 0 0 HOWARD HUGHES CORP Common Stock 44267D107 3350 21230 SH SOLE 21230 0 0 IBM CORPORATION Common Stock 459200101 5316 29328 SH SOLE 29328 0 0 INTEL CORP. Common Stock 458140100 970 31400 SH SOLE 31400 0 0 INVESCO INTERNATIONAL GROWTH A Common Stock 008882102 365 10194 SH SOLE 10194 0 0 JP MORGAN CHASE & CO. Common Stock 46625H100 4266 74040 SH SOLE 74040 0 0 JACOBS ENGINEERING GROUP Common Stock 469814107 532 10000 SH SOLE 10000 0 0 JOHNSON & JOHNSON Common Stock 478160104 10809 103322 SH SOLE 103322 0 0 KIMBERLY CLARK Common Stock 494368103 1056 9500 SH SOLE 9500 0 0 KNOWLES CORPORATION Common Stock 49926D109 388 12650 SH SOLE 12650 0 0 KRAFT FOODS INC Common Stock 50075N104 569 9500 SH SOLE 9500 0 0 L-3 COMMUNICATIONS Common Stock 502424104 953 7900 SH SOLE 7900 0 0 LILLY (ELI) & CO. Common Stock 532457108 808 13000 SH SOLE 13000 0 0 LOWES COMPANIES Common Stock 548661107 652 13600 SH SOLE 13600 0 0 MC DONALD'S CORPORATION Common Stock 580135101 2654 26530 SH SOLE 26530 0 0 MICROSOFT CORPORATION Common Stock 594918104 2568 61600 SH SOLE 61600 0 0 MIMEDX GROUP INC Common Stock 602496101 106 15000 SH SOLE 15000 0 0 MORGAN STANLEY Common Stock 617446448 546 16900 SH SOLE 16900 0 0 NESTLE S A SPONSORED ADR Common Stock 641069406 302 3900 SH SOLE 3900 0 0 NIKE INC. Common Stock 654106103 2714 35000 SH SOLE 35000 0 0 NORFOLK SOUTHERN CORP. Common Stock 655844108 2050 19900 SH SOLE 19900 0 0 NOVARTIS ADR Common Stock 66987V109 2027 22400 SH SOLE 22400 0 0 OAKTREE CAPITAL GROUP, LLC Common Stock 674001201 719 14400 SH SOLE 14400 0 0 OPPENHEIMER INTERNATIONAL GROWTH C Common Stock 68380L308 362 9750 SH SOLE 9750 0 0 ORACLE CORPORATION Common Stock 68389X105 2699 66600 SH SOLE 66600 0 0 PALL CORPORATION Common Stock 696429307 2220 26000 SH SOLE 26000 0 0 PEPSICO Common Stock 713448108 2503 28020 SH SOLE 28020 0 0 PFIZER Common Stock 717081103 1023 34500 SH SOLE 34500 0 0 PHILIP MORRIS INTERNATIONAL Common Stock 718172109 1163 13800 SH SOLE 13800 0 0 PRECISION CASTPARTS Common Stock 740189105 2170 8600 SH SOLE 8600 0 0 PROCTER & GAMBLE Common Stock 742718109 7837 99726 SH SOLE 99726 0 0 QUALCOMM Common Stock 747525103 4023 50800 SH SOLE 50800 0 0 SCHLUMBERGER LIMITED Common Stock 806857108 5710 48412 SH SOLE 48412 0 0 STRYKER CORPORATION Common Stock 863667101 590 7000 SH SOLE 7000 0 0 TJX COMPANIES, INC. Common Stock 872540109 276 5200 SH SOLE 5200 0 0 THIRD POINT REINSURANCE LTD Common Stock G8827U100 390 25600 SH SOLE 25600 0 0 TRINITY INDUSTRIES INC Common Stock 896522109 1473 33700 SH SOLE 33700 0 0 UNION PACIFIC CORP. Common Stock 907818108 1920 19250 SH SOLE 19250 0 0 UNITED PARCEL SERVICE Common Stock 911312106 3880 37800 SH SOLE 37800 0 0 VERIZON COMMUNICATIONS Common Stock 92343V104 1591 32531 SH SOLE 32531 0 0 VIRTUS INSIGHT EMERGING MARKETS C Common Stock 92828T806 184 18800 SH SOLE 18800 0 0 VODAFONE GROUP PLC ADR Common Stock 92857W209 1882 56367 SH SOLE 56367 0 0 WATERS CORP Common Stock 941848103 6161 59000 SH SOLE 59000 0 0 WATTS WATER TECHNOLOGIES Common Stock 942749102 2253 36500 SH SOLE 36500 0 0 WELLS FARGO Common Stock 30226D106 1855 35300 SH SOLE 35300 0 0