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
3M Common Stock 88579Y101 4,641 32,760 SH   SOLE   32,760 0 0
ABBOTT LABORATORIES Common Stock 002824100 2,422 58,250 SH   SOLE   58,250 0 0
ABBVIE INC. Common Stock 00287Y109 3,474 60,150 SH   SOLE   60,150 0 0
AIR PRODUCTS & CHEMICALS Common Stock 009158106 514 3,950 SH   SOLE   3,950 0 0
ALTRIA GROUP INC. Common Stock 02209S103 624 13,600 SH   SOLE   13,600 0 0
AMERICAN EXPRESS CO. Common Stock 025816109 1,444 16,500 SH   SOLE   16,500 0 0
AMGEN INC. Common Stock 031162100 4,003 28,500 SH   SOLE   28,500 0 0
APACHE CORP. Common Stock 037411105 244 2,600 SH   SOLE   2,600 0 0
APPLE COMPUTER Common Stock 037833100 44,799 444,657 SH   SOLE   444,657 0 0
BAKER HUGHES, INC. Common Stock 057224107 1,314 20,200 SH   SOLE   20,200 0 0
BANK OF NY MELLON CORP Common Stock 064058100 829 21,421 SH   SOLE   21,421 0 0
BANK OF AMERICA CORP Common Stock 060505104 327 19,205 SH   SOLE   19,205 0 0
BAXTER INTERNATIONAL Common Stock 071813109 2,949 41,100 SH   SOLE   41,100 0 0
BERKSHIRE HATHAWAY INC. CL. "B" Common Stock 084670207 2,773 20,078 SH   SOLE   20,078 0 0
BLACKROCK INC. Common Stock 09247X101 252 770 SH   SOLE   770 0 0
BOEING CORPORATION Common Stock 097023105 4,776 37,500 SH   SOLE   37,500 0 0
BRISTOL-MYERS SQUIBB Common Stock 110122108 2,799 54,700 SH   SOLE   54,700 0 0
CVS CAREMARK CORP. Common Stock 126650100 477 6,000 SH   SOLE   6,000 0 0
CHEVRON TEXACO Common Stock 166764100 674 5,650 SH   SOLE   5,650 0 0
CISCO SYSTEMS Common Stock 17275R102 425 16,900 SH   SOLE   16,900 0 0
CLOVIS Common Stock 189464100 272 6,000 SH   SOLE   6,000 0 0
COCA COLA Common Stock 191216100 2,706 63,450 SH   SOLE   63,450 0 0
COLGATE-PALMOLIVE COMPANY Common Stock 194162103 3,217 49,328 SH   SOLE   49,328 0 0
CONOCO PHILLIPS Common Stock 20825C104 976 12,764 SH   SOLE   12,764 0 0
CORNING INC. Common Stock 219350105 547 28,300 SH   SOLE   28,300 0 0
COSTCO Common Stock 22160K105 576 4,600 SH   SOLE   4,600 0 0
CUMMINS INC. Common Stock 231021106 686 5,200 SH   SOLE   5,200 0 0
CYTEC INDUSTRIES Common Stock 232820100 718 15,200 SH   SOLE   15,200 0 0
DEERE & COMPANY Common Stock 24419910 549 6,700 SH   SOLE   6,700 0 0
DEVON ENERGY CORP. Common Stock 25179M103 790 11,600 SH   SOLE   11,600 0 0
DISNEY (WALT) CO. Common Stock 254687106 4,571 51,350 SH   SOLE   51,350 0 0
DOVER CORP Common Stock 260003108 2,016 25,100 SH   SOLE   25,100 0 0
DUPONT DE NEMOURS Common Stock 263534109 2,028 28,271 SH   SOLE   28,271 0 0
EMC CORPORATION Common Stock 26864810 444 15,200 SH   SOLE   15,200 0 0
EMERSON CO. Common Stock 291011104 3,592 57,400 SH   SOLE   57,400 0 0
ENTERPRISE PROSUCTS PARTNERS L.P. Common Stock 293792107 274 6,800 SH   SOLE   6,800 0 0
EXXON MOBIL Common Stock 30231G102 7,761 82,525 SH   SOLE   82,525 0 0
FEDEX CORP Common Stock 31428X106 1,291 8,000 SH   SOLE   8,000 0 0
FREEPORT-MCMORAN COPPER & GOLD, INC. Common Stock 35671D857 528 16,200 SH   SOLE   16,200 0 0
GILEAD SCIENCES INC. Common Stock 375558103 489 4,600 SH   SOLE   4,600 0 0
GENERAL ELECTRIC Common Stock 369604103 3,654 142,637 SH   SOLE   142,637 0 0
GOLDMAN SACHS Common Stock 38141G104 816 4,450 SH   SOLE   4,450 0 0
GOOGLE INC CLASS A Common Stock 38259P508 641 1,090 SH   SOLE   1,090 0 0
GOOGLE INC CLASS C Common Stock 38259P706 629 1,090 SH   SOLE   1,090 0 0
HALLIBURTON COMPANY Common Stock 406216101 1,696 26,300 SH   SOLE   26,300 0 0
HOME DEPOT Common Stock 437076102 1,206 13,150 SH   SOLE   13,150 0 0
HONEYWELL INTL Common Stock 438516106 5,105 54,825 SH   SOLE   54,825 0 0
HOWARD HUGHES CORP Common Stock 44267D107 3,154 21,030 SH   SOLE   21,030 0 0
IBM CORPORATION Common Stock 459200101 5,491 28,928 SH   SOLE   28,928 0 0
INTEL CORP. Common Stock 458140100 1,075 30,900 SH   SOLE   30,900 0 0
INVESCO INTERNATIONAL GROWTH A Common Stock 008882102 347 10,194 SH   SOLE   10,194 0 0
JP MORGAN CHASE & CO. Common Stock 46625H100 4,457 73,990 SH   SOLE   73,990 0 0
JACOBS ENGINEERING GROUP Common Stock 469814107 488 10,000 SH   SOLE   10,000 0 0
JOHNSON & JOHNSON Common Stock 478160104 10,959 102,822 SH   SOLE   102,822 0 0
KIMBERLY CLARK Common Stock 494368103 1,021 9,500 SH   SOLE   9,500 0 0
KNOWLES CORPORATION Common Stock 49926D109 335 12,650 SH   SOLE   12,650 0 0
KRAFT FOODS INC Common Stock 50075N104 507 9,000 SH   SOLE   9,000 0 0
L-3 COMMUNICATIONS Common Stock 502424104 939 7,900 SH   SOLE   7,900 0 0
LILLY (ELI) & CO. Common Stock 532457108 843 13,000 SH   SOLE   13,000 0 0
LOWES COMPANIES Common Stock 548661107 687 13,000 SH   SOLE   13,000 0 0
MC DONALD'S CORPORATION Common Stock 580135101 2,356 24,850 SH   SOLE   24,850 0 0
MICROSOFT CORPORATION Common Stock 594918104 2,855 61,600 SH   SOLE   61,600 0 0
MIMEDX GROUP INC Common Stock 602496101 106 15,000 SH   SOLE   15,000 0 0
MORGAN STANLEY Common Stock 617446448 584 16,900 SH   SOLE   16,900 0 0
NESTLE S A SPONSORED ADR Common Stock 641069406 287 3,900 SH   SOLE   3,900 0 0
NIKE INC. Common Stock 654106103 3,122 35,000 SH   SOLE   35,000 0 0
NORFOLK SOUTHERN CORP. Common Stock 655844108 2,165 19,400 SH   SOLE   19,400 0 0
NOVARTIS ADR Common Stock 66987V109 2,108 22,400 SH   SOLE   22,400 0 0
OAKTREE CAPITAL GROUP, LLC Common Stock 674001201 710 13,900 SH   SOLE   13,900 0 0
OPPENHEIMER INTERNATIONAL GROWTH C Common Stock 68380L308 332 9,750 SH   SOLE   9,750 0 0
ORACLE CORPORATION Common Stock 68389X105 2,549 66,600 SH   SOLE   66,600 0 0
PALL CORPORATION Common Stock 696429307 2,092 25,000 SH   SOLE   25,000 0 0
PEPSICO Common Stock 713448108 2,552 27,420 SH   SOLE   27,420 0 0
PFIZER Common Stock 717081103 1,020 34,500 SH   SOLE   34,500 0 0
PHILIP MORRIS INTERNATIONAL Common Stock 718172109 1,150 13,800 SH   SOLE   13,800 0 0
PRECISION CASTPARTS Common Stock 740189105 1,989 8,400 SH   SOLE   8,400 0 0
PROCTER & GAMBLE Common Stock 742718109 8,267 98,726 SH   SOLE   98,726 0 0
QUALCOMM Common Stock 747525103 3,760 50,300 SH   SOLE   50,300 0 0
SCHLUMBERGER LIMITED Common Stock 806857108 4,851 47,712 SH   SOLE   47,712 0 0
STRYKER CORPORATION Common Stock 863667101 565 7,000 SH   SOLE   7,000 0 0
TJX COMPANIES, INC. Common Stock 872540109 307 5,200 SH   SOLE   5,200 0 0
THIRD POINT REINSURANCE LTD Common Stock G8827U100 372 25,600 SH   SOLE   25,600 0 0
TRINITY INDUSTRIES INC Common Stock 896522109 1,997 42,750 SH   SOLE   42,750 0 0
UNION PACIFIC CORP. Common Stock 907818108 2,087 19,250 SH   SOLE   19,250 0 0
UNITED PARCEL SERVICE Common Stock 911312106 3,676 37,400 SH   SOLE   37,400 0 0
VERIZON COMMUNICATIONS Common Stock 92343V104 1,601 32,033 SH   SOLE   32,033 0 0
VIRTUS INSIGHT EMERGING MARKETS C Common Stock 92828T806 182 18,800 SH   SOLE   18,800 0 0
VODAFONE GROUP PLC ADR Common Stock 92857W209 1,098 33,392 SH   SOLE   33,392 0 0
WATERS CORP Common Stock 941848103 5,788 58,400 SH   SOLE   58,400 0 0
WATTS WATER TECHNOLOGIES Common Stock 942749102 2,067 35,500 SH   SOLE   35,500 0 0
WELLS FARGO Common Stock 30226D106 1,831 35,300 SH   SOLE   35,300 0 0