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 COMPANY COM 604059105 233 1,415 SH   SOLE   1,415 0 0
ABBOTT LABS COM 002824100 311 6,717 SH   SOLE   6,717 0 0
ABBVIE, INC. COM 00287Y109 396 6,767 SH   SOLE   6,767 0 0
ACUITY BRANDS COM 00508Y102 13,387 79,606 SH   SOLE   79,606 0 0
ADOBE SYSTEMS COM 00724F101 10,398 140,630 SH   SOLE   140,630 0 0
AMERICAN ELEC PWR COM 025537101 229 4,080 SH   SOLE   4,080 0 0
APPLE COMPUTER COM 037833100 975 7,833 SH   SOLE   7,833 0 0
AT&T COM 00206R102 951 29,142 SH   SOLE   29,142 0 0
BANCORPSOUTH COM 059692103 437 18,817 SH   SOLE   18,817 0 0
BANK OF AMERICA COM 060505104 413 26,844 SH   SOLE   26,844 0 0
BANK OF THE OZARKS COM 063904106 232 6,270 SH   SOLE   6,270 0 0
CHEVRONTEXACO COM 166751107 402 3,831 SH   SOLE   3,831 0 0
CISCO SYSTEMS COM 17275R102 9,879 358,894 SH   SOLE   358,894 0 0
COCA COLA COM 191216100 644 15,892 SH   SOLE   15,892 0 0
CONVERGYS GROUP COM 212485106 8,860 387,426 SH   SOLE   387,426 0 0
CULLEN/FROST COM 229899109 8,420 121,883 SH   SOLE   121,883 0 0
CVS CAREMARK COM 126650100 12,906 125,045 SH   SOLE   125,045 0 0
DANAHER COM 235851102 217 2,555 SH   SOLE   2,555 0 0
ELECTRONIC ARTS COM 285512109 14,678 249,555 SH   SOLE   249,555 0 0
EMC COM 268648102 8,969 350,910 SH   SOLE   350,910 0 0
ENTERGY COM 29364G103 226 2,913 SH   SOLE   2,913 0 0
EVOLUCIA INC. COM 30049B105 0 82,000 SH   SOLE   82,000 0 0
EXXON MOBIL COM 302290101 8,518 100,217 SH   SOLE   100,217 0 0
GENERAL ELECTRIC COM 369604103 9,172 369,692 SH   SOLE   369,692 0 0
HALLIBURTON COM 406216101 403 9,194 SH   SOLE   9,194 0 0
HOME BANCSHARES COM 436893101 510 15,041 SH   SOLE   15,041 0 0
ILLINOIS TOOL COM 452308109 10,400 107,067 SH   SOLE   107,067 0 0
J B HUNT COM 445658107 521 6,100 SH   SOLE   6,100 0 0
JACOBS ENGINEERG COM 469814107 8,130 180,019 SH   SOLE   180,019 0 0
JARDEN COM 471109108 12,982 245,412 SH   SOLE   245,412 0 0
JOHNSON & JOHNSON COM 478160104 266 2,643 SH   SOLE   2,643 0 0
JOHNSON CONTRLS COM 478366107 10,632 210,791 SH   SOLE   210,791 0 0
KIMBERLY CLARK COM 494368103 1,084 10,118 SH   SOLE   10,118 0 0
LAZARD LTD-CL A COM 021260622 11,045 210,025 SH   SOLE   210,025 0 0
MICROSOFT COM 594918104 9,401 231,238 SH   SOLE   231,238 0 0
NIKE CLASS B COM 654106103 10,855 108,193 SH   SOLE   108,193 0 0
NMC COM 629196106 0 100,000 SH   SOLE   100,000 0 0
NXP SEMICONDUCTORS COM N6596X109 11,702 116,597 SH   SOLE   116,597 0 0
QUALCOMM COM 747525103 8,760 126,336 SH   SOLE   126,336 0 0
REGIONS FINL COM 7591EP100 1,151 121,753 SH   SOLE   121,753 0 0
SCHLUMBERGER COM 806857108 8,530 102,233 SH   SOLE   102,233 0 0
SM ENERGY CO. COM 78454L100 2,740 53,010 SH   SOLE   53,010 0 0
SOUTHERN CO. COM 842587107 213 4,800 SH   SOLE   4,800 0 0
SOUTHWESTERN ENERGY COM 845467109 509 21,935 SH   SOLE   21,935 0 0
TARGET COM 87612E106 11,235 136,895 SH   SOLE   136,895 0 0
THERMO FISHER COM 883556102 11,618 86,480 SH   SOLE   86,480 0 0
TRIUMPH GROUP COM 896818101 8,034 134,522 SH   SOLE   134,522 0 0
TYSON FOODS COM 902494103 1,504 39,280 SH   SOLE   39,280 0 0
UNITED PARCEL SERVICE COM 911312106 8,723 89,984 SH   SOLE   89,984 0 0
VECTREN COM 92240G101 530 12,000 SH   SOLE   12,000 0 0
VERIZON COM 92343V104 209 4,299 SH   SOLE   4,299 0 0
WALMART COM 931142103 7,973 96,935 SH   SOLE   96,935 0 0
WALT DISNEY COM 254687106 11,792 112,427 SH   SOLE   112,427 0 0
WINDSTREAM HOLDINGS, INC. COM 97382A101 425 57,498 SH   SOLE   57,498 0 0
AMERICAN FUNDAMENTAL INVESTORS MFD 360802102 350 6,708 SH   SOLE   6,708 0 0
FRANKLIN FEDERAL TAX-FREE INCO MFD 353519101 158 12,578 SH   SOLE   12,578 0 0
FRANKLIN HIGH YIELD TF INCM FD MFD 354723702 163 15,306 SH   SOLE   15,306 0 0
FRANKLIN INCOME FUND CL A MFD 353496300 101 42,256 SH   SOLE   42,256 0 0
PUTNAM TAX-FREE HIGH YIELD FUN MFD 746872407 166 13,119 SH   SOLE   13,119 0 0
VANGUARD 500 INDEX FUND - ADMI MFD 922908710 749 3,925 SH   SOLE   3,925 0 0
SCHWAB US MID CAP ETF ETF 808524508 5,621 130,267 SH   SOLE   130,267 0 0