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 4,400 31,040 SH   SOLE   31,040 0 0
ABBOTT LABORATORIES Common Stock 002824100 2,214 55,050 SH   SOLE   55,050 0 0
ABBVIE INC. Common Stock 00287Y109 3,060 56,250 SH   SOLE   56,250 0 0
AIR PRODUCTS & CHEMICALS Common Stock 009158106 542 4,250 SH   SOLE   4,250 0 0
ALTRIA GROUP INC. Common Stock 02209S103 712 13,100 SH   SOLE   13,100 0 0
AMERICAN EXPRESS CO. Common Stock 025816109 1,223 16,500 SH   SOLE   16,500 0 0
AMERICAN FUNDAMENTAL INVESTORS CL A Common Stock 360802102 924 18,956 SH   SOLE   18,956 0 0
AMGEN INC. Common Stock 031162100 4,451 32,180 SH   SOLE   32,180 0 0
APPLE COMPUTER Common Stock 037833100 47,613 431,677 SH   SOLE   431,677 0 0
BAKER HUGHES, INC. Common Stock 057224107 1,051 20,200 SH   SOLE   20,200 0 0
BANK OF NY MELLON CORP Common Stock 064058100 802 20,500 SH   SOLE   20,500 0 0
BANK OF AMERICA CORP Common Stock 060505104 299 19,205 SH   SOLE   19,205 0 0
BAXALTA INCORPORATED Common Stock 07177M103 1,225 38,900 SH   SOLE   38,900 0 0
BAXTER INTERNATIONAL Common Stock 071813109 1,277 38,900 SH   SOLE   38,900 0 0
BERKSHIRE HATHAWAY INC. CL. "B" Common Stock 084670207 2,160 16,570 SH   SOLE   16,570 0 0
BOEING CORPORATION Common Stock 097023105 4,543 34,700 SH   SOLE   34,700 0 0
BRISTOL-MYERS SQUIBB Common Stock 110122108 3,025 51,100 SH   SOLE   51,100 0 0
CVS CAREMARK CORP. Common Stock 126650100 578 6,000 SH   SOLE   6,000 0 0
CHEVRON TEXACO Common Stock 166764100 370 4,700 SH   SOLE   4,700 0 0
CISCO SYSTEMS Common Stock 17275R102 435 16,600 SH   SOLE   16,600 0 0
CLOVIS Common Stock 189464100 551 6,000 SH   SOLE   6,000 0 0
COCA COLA Common Stock 191216100 2,330 58,095 SH   SOLE   58,095 0 0
COLGATE-PALMOLIVE COMPANY Common Stock 194162103 3,084 48,600 SH   SOLE   48,600 0 0
CONOCO PHILLIPS Common Stock 20825C104 426 8,900 SH   SOLE   8,900 0 0
CORNING INC. Common Stock 219350105 467 27,300 SH   SOLE   27,300 0 0
COSTCO Common Stock 22160K105 520 3,600 SH   SOLE   3,600 0 0
CUMMINS INC. Common Stock 231021106 456 4,200 SH   SOLE   4,200 0 0
CYTEC INDUSTRIES Common Stock 232820100 1,122 15,200 SH   SOLE   15,200 0 0
DEERE & COMPANY Common Stock 24419910 495 6,700 SH   SOLE   6,700 0 0
DEVON ENERGY CORP. Common Stock 25179M103 430 11,600 SH   SOLE   11,600 0 0
DISNEY (WALT) CO. Common Stock 254687106 4,788 46,850 SH   SOLE   46,850 0 0
DOVER CORP Common Stock 260003108 1,292 22,600 SH   SOLE   22,600 0 0
DUPONT DE NEMOURS Common Stock 263534109 1,132 23,500 SH   SOLE   23,500 0 0
EMERSON CO. Common Stock 291011104 2,491 56,400 SH   SOLE   56,400 0 0
EXXON MOBIL Common Stock 30231G102 5,975 80,375 SH   SOLE   80,375 0 0
FEDEX CORP Common Stock 31428X106 1,151 8,000 SH   SOLE   8,000 0 0
FREEPORT-MCMORAN COPPER & GOLD, INC. Common Stock 35671D857 156 16,200 SH   SOLE   16,200 0 0
GENERAL ELECTRIC Common Stock 369604103 3,314 131,437 SH   SOLE   131,437 0 0
GOLDMAN SACHS Common Stock 38141G104 738 4,250 SH   SOLE   4,250 0 0
GOOGLE INC CLASS A Common Stock 38259P508 472 740 SH   SOLE   740 0 0
GOOGLE INC CLASS C Common Stock 38259P706 450 740 SH   SOLE   740 0 0
HALLIBURTON COMPANY Common Stock 406216101 929 26,300 SH   SOLE   26,300 0 0
HOME DEPOT Common Stock 437076102 1,564 13,550 SH   SOLE   13,550 0 0
HONEYWELL INTL Common Stock 438516106 5,001 52,825 SH   SOLE   52,825 0 0
HOWARD HUGHES CORP Common Stock 44267D107 3,154 27,490 SH   SOLE   27,490 0 0
IBM CORPORATION Common Stock 459200101 3,768 25,996 SH   SOLE   25,996 0 0
INTEL CORP. Common Stock 458140100 952 31,600 SH   SOLE   31,600 0 0
JP MORGAN CHASE & CO. Common Stock 46625H100 4,019 65,930 SH   SOLE   65,930 0 0
JACOBS ENGINEERING GROUP Common Stock 469814107 374 10,000 SH   SOLE   10,000 0 0
JOHNSON & JOHNSON Common Stock 478160104 9,253 99,122 SH   SOLE   99,122 0 0
KIMBERLY CLARK Common Stock 494368103 1,035 9,500 SH   SOLE   9,500 0 0
KNOWLES CORPORATION Common Stock 49926D109 210 11,400 SH   SOLE   11,400 0 0
KRAFT HEINZ FOODS CO Common Stock 50075N104 515 7,300 SH   SOLE   7,300 0 0
KYTHERA BIOPHARMACEUTICALS, INC. Common Stock 501570105 1,582 21,100 SH   SOLE   21,100 0 0
L-3 COMMUNICATIONS Common Stock 502424104 825 7,900 SH   SOLE   7,900 0 0
LILLY (ELI) & CO. Common Stock 532457108 1,087 13,000 SH   SOLE   13,000 0 0
LOWES COMPANIES Common Stock 548661107 895 13,000 SH   SOLE   13,000 0 0
MC DONALD'S CORPORATION Common Stock 580135101 2,345 23,800 SH   SOLE   23,800 0 0
MICROSOFT CORPORATION Common Stock 594918104 2,823 63,800 SH   SOLE   63,800 0 0
MORGAN STANLEY Common Stock 617446448 576 18,300 SH   SOLE   18,300 0 0
NIKE INC. Common Stock 654106103 4,303 35,000 SH   SOLE   35,000 0 0
NORFOLK SOUTHERN CORP. Common Stock 655844108 1,482 19,400 SH   SOLE   19,400 0 0
NOVARTIS ADR Common Stock 66987V109 2,059 22,400 SH   SOLE   22,400 0 0
OAKTREE CAPITAL GROUP, LLC Common Stock 674001201 688 13,900 SH   SOLE   13,900 0 0
ORACLE CORPORATION Common Stock 68389X105 2,224 61,600 SH   SOLE   61,600 0 0
PEPSICO Common Stock 713448108 2,282 24,200 SH   SOLE   24,200 0 0
PFIZER Common Stock 717081103 895 28,500 SH   SOLE   28,500 0 0
PHILIP MORRIS INTERNATIONAL Common Stock 718172109 1,094 13,800 SH   SOLE   13,800 0 0
PLATFORM SPECIALTY PRODUCTS Common Stock 72766Q105 763 60,375 SH   SOLE   60,375 0 0
PRECISION CASTPARTS Common Stock 740189105 1,929 8,400 SH   SOLE   8,400 0 0
PROCTER & GAMBLE Common Stock 742718109 6,809 94,660 SH   SOLE   94,660 0 0
QUALCOMM Common Stock 747525103 2,444 45,500 SH   SOLE   45,500 0 0
SCHLUMBERGER LIMITED Common Stock 806857108 3,027 43,900 SH   SOLE   43,900 0 0
STRYKER CORPORATION Common Stock 863667101 282 3,000 SH   SOLE   3,000 0 0
UNION PACIFIC CORP. Common Stock 907818108 1,441 16,300 SH   SOLE   16,300 0 0
UNITED PARCEL SERVICE Common Stock 911312106 3,444 34,900 SH   SOLE   34,900 0 0
VERIZON COMMUNICATIONS Common Stock 92343V104 1,373 31,573 SH   SOLE   31,573 0 0
VODAFONE GROUP PLC ADR Common Stock 92857W209 984 31,020 SH   SOLE   31,020 0 0
WATERS CORP Common Stock 941848103 6,856 58,000 SH   SOLE   58,000 0 0
WATTS WATER TECHNOLOGIES Common Stock 942749102 1,875 35,500 SH   SOLE   35,500 0 0
WELLS FARGO Common Stock 30226D106 1,350 26,300 SH   SOLE   26,300 0 0