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
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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 Co. COM 88579y101 541 4,530 SH   SOLE   4,530 0 0
American Express COM 025816109 1,255 16,618 SH   SOLE   16,618 0 0
Ameriprise Financial Inc. COM 03076c106 337 3,702 SH   SOLE   3,702 0 0
Aon Corporation COM g0408v102 2,907 39,054 SH   SOLE   39,054 0 0
Apple Computer COM 037833100 3,301 6,923 SH   SOLE   6,923 0 0
Archer Daniels Midland COM 039483102 219 5,950 SH   SOLE   5,950 0 0
Assurant Inc. COM 04621x108 2,872 53,083 SH   SOLE   53,083 0 0
Autozone Inc COM 053332102 2,397 5,670 SH   SOLE   5,670 0 0
BP PLC-Spons. ADR COM 055622104 2,211 52,614 SH   SOLE   52,614 0 0
Baxter Intl Inc COM 071813109 229 3,479 SH   SOLE   3,479 0 0
Berkshire Hathaway Cl. A. (100 COM 084990175 341 200 SH   SOLE   200 0 0
Berkshire Hathaway Inc.Cl.B COM 084670207 5,691 50,138 SH   SOLE   50,138 0 0
C.H. Robinson Worldwide Inc. COM 12541w209 3,079 51,677 SH   SOLE   51,677 0 0
Chevron Corp. COM 166764100 3,099 25,507 SH   SOLE   25,507 0 0
Cisco Systems Inc. COM 17275r102 3,406 145,379 SH   SOLE   145,379 0 0
Coach Inc. COM 189754104 3,171 58,155 SH   SOLE   58,155 0 0
Comcast Corp Spl Cl A COM 20030n200 4,103 94,655 SH   SOLE   94,655 0 0
DuPont deNemours COM 263534109 2,646 45,182 SH   SOLE   45,182 0 0
Duke Energy Corp. COM 26441c204 3,504 52,470 SH   SOLE   52,470 0 0
EMC Corporation COM 268648102 2,602 101,785 SH   SOLE   101,785 0 0
Edison International COM 281020107 2,711 58,856 SH   SOLE   58,856 0 0
Exxon Mobil Corporation COM 30231g102 777 9,033 SH   SOLE   9,033 0 0
First Mariner Bancorp Inc. COM 320795107 8 10,200 SH   SOLE   10,200 0 0
General Mills COM 370334104 2,220 46,334 SH   SOLE   46,334 0 0
Home Depot COM 437076102 250 3,294 SH   SOLE   3,294 0 0
International Business Machine COM 459200101 3,863 20,862 SH   SOLE   20,862 0 0
Johnson & Johnson COM 478160104 4,362 50,321 SH   SOLE   50,321 0 0
Lockheed Martin Corporation COM 539830109 4,331 33,952 SH   SOLE   33,952 0 0
Loews Corporation COM 540424108 4,549 97,320 SH   SOLE   97,320 0 0
Medtronic, Inc. COM 585055106 3,481 65,362 SH   SOLE   65,362 0 0
Merck & Co. COM 58933y105 2,586 54,317 SH   SOLE   54,317 0 0
Metlife Inc COM 59156r108 2,352 50,101 SH   SOLE   50,101 0 0
Microsoft Corporation COM 594918104 4,358 130,955 SH   SOLE   130,955 0 0
Nestle SA ADR COM 641069406 4,065 58,402 SH   SOLE   58,402 0 0
NextEra Energy COM 65339F101 2,407 30,025 SH   SOLE   30,025 0 0
Noble Corp. COM h5833n103 2,700 71,491 SH   SOLE   71,491 0 0
Novartis AG-ADR COM 66987v109 4,432 57,771 SH   SOLE   57,771 0 0
Pfizer Corp COM 717081103 3,122 108,702 SH   SOLE   108,702 0 0
Powershares QQQ Nasdaq 100 COM 73935a104 224 2,840 SH   SOLE   2,840 0 0
Procter & Gamble COM 742718109 4,083 54,010 SH   SOLE   54,010 0 0
Qualcomm Inc COM 747525103 4,223 62,730 SH   SOLE   62,730 0 0
Republic Services Inc COM 760759100 3,106 93,105 SH   SOLE   93,105 0 0
Schlumberger Ltd COM 806857108 2,755 31,180 SH   SOLE   31,180 0 0
Siemens AG ADR COM 826197501 2,255 18,715 SH   SOLE   18,715 0 0
Target Corporation COM 87612e106 3,152 49,262 SH   SOLE   49,262 0 0
Techne Corporation COM 878377100 1,701 21,250 SH   SOLE   21,250 0 0
Teva Pharmaceutical SP-ADR COM 881624209 4,160 110,118 SH   SOLE   110,118 0 0
The Mosaic Company COM 61945c103 2,463 57,250 SH   SOLE   57,250 0 0
Time Warner Cable COM 88732j207 5,102 45,715 SH   SOLE   45,715 0 0
Total SA-Spon ADR COM 89151e109 4,023 69,455 SH   SOLE   69,455 0 0
Vanguard Total Stock Market COM 922908769 2,794 31,876 SH   SOLE   31,876 0 0
Verizon Communications COM 92343v104 248 5,321 SH   SOLE   5,321 0 0
WisdomTree Total Dividend Fund COM 97717w109 238 3,845 SH   SOLE   3,845 0 0
Xcel Energy Inc. COM 98389b100 1,749 63,345 SH   SOLE   63,345 0 0
iShares DJ Select Dividend COM 464287168 473 7,125 SH   SOLE   7,125 0 0
Vanguard FTSE All-World Ex U INTL EQ 922042775 2,121 43,645 SH   SOLE   43,645 0 0
Bank of America 7.25% PFD 060505682 438 405 SH   SOLE   405 0 0
Goldman Sachs Group Inc 3 Mo L PFD 38144g804 1,717 86,075 SH   SOLE   86,075 0 0
JP Morgan Chase 5.5% PFD 48126e750 1,336 62,150 SH   SOLE   62,150 0 0
MetLife Inc. 3 Mo LIBOR + 100b PFD 59156r504 919 39,975 SH   SOLE   39,975 0 0
Metlife Inc. 6.5% PFD 59156r603 1,460 58,675 SH   SOLE   58,675 0 0
PNC Financial Services 6.125% PFD 693475857 2,115 83,814 SH   SOLE   83,814 0 0
TCF Financial 7.5% Pfd PFD 872277207 621 24,650 SH   SOLE   24,650 0 0
Telephone & Data Systems 6.625 PFD 879433852 1,400 57,500 SH   SOLE   57,500 0 0
US Bancorp 3 Mo LIBOR + 60bp PFD 902973155 3,329 170,611 SH   SOLE   170,611 0 0
Wells Fargo 5.85% 09/15/2023 PFD 949746556 2,509 105,100 SH   SOLE   105,100 0 0
Wells Fargo Co 7.5% PFD 949746804 262 230 SH   SOLE   230 0 0
CBRE Clarion Global Real Estat RE 12504g100 2,135 263,920 SH   SOLE   263,920 0 0
SPDR DJ Wilshire Int'l Real Es RE 78463x863 1,765 41,893 SH   SOLE   41,893 0 0
iShares Cohen & Steers Realty RE 464287564 1,111 14,450 SH   SOLE   14,450 0 0