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    <votingAuthority>
      <Sole>3667</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
    <value>10238</value>
    <shrsOrPrnAmt>
      <sshPrnamt>137214</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>137214</Sole>
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      <None>0</None>
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    <nameOfIssuer>Federated Investors Inc-Cl B</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>314211103</cusip>
    <value>9422</value>
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      <sshPrnamt>282090</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>282090</Sole>
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      <None>0</None>
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    <nameOfIssuer>Financial Select Sector SPDR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81369y605</cusip>
    <value>890</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32275</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>32275</Sole>
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      <None>0</None>
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    <nameOfIssuer>General Dynamics Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>369550108</cusip>
    <value>9675</value>
    <shrsOrPrnAmt>
      <sshPrnamt>43800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>43800</Sole>
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      <None>0</None>
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    <nameOfIssuer>General Electric Co</nameOfIssuer>
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    <cusip>369604103</cusip>
    <value>1614</value>
    <shrsOrPrnAmt>
      <sshPrnamt>119704</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <cusip>38141G104</cusip>
    <value>282</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1121</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>HP Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40434L105</cusip>
    <value>9867</value>
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      <sshPrnamt>450138</sshPrnamt>
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    <votingAuthority>
      <Sole>450138</Sole>
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      <None>0</None>
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    <nameOfIssuer>Hanesbrands Inc</nameOfIssuer>
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    <cusip>410345102</cusip>
    <value>6319</value>
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      <sshPrnamt>343025</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>343025</Sole>
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      <None>0</None>
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    <nameOfIssuer>Health Care Select Sector SPDR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81369Y209</cusip>
    <value>1538</value>
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      <sshPrnamt>18895</sshPrnamt>
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    <votingAuthority>
      <Sole>18895</Sole>
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      <None>0</None>
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    <nameOfIssuer>Hewlett Packard Enterprise Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>42824C109</cusip>
    <value>7734</value>
    <shrsOrPrnAmt>
      <sshPrnamt>440909</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>440909</Sole>
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      <None>0</None>
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    <nameOfIssuer>Home Depot Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>437076102</cusip>
    <value>10758</value>
    <shrsOrPrnAmt>
      <sshPrnamt>60356</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>60356</Sole>
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      <None>0</None>
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    <nameOfIssuer>Honeywell International</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>438516106</cusip>
    <value>301</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2083</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2083</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core Dividend Growth</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46434V621</cusip>
    <value>228</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6725</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6725</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core EAFE ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46432F842</cusip>
    <value>264</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4000</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core High Dividend ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46429B663</cusip>
    <value>386</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4575</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core MSCI Emerging Mar</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46434G103</cusip>
    <value>330</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5650</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>5650</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core MSCI Europe ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46434V738</cusip>
    <value>298</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>IShares Core MSCI Pacific ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46434V696</cusip>
    <value>210</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3500</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core S&amp;P Total US Stoc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287150</cusip>
    <value>245</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4050</sshPrnamt>
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    <votingAuthority>
      <Sole>4050</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Core S&amp;P US Value</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287663</cusip>
    <value>376</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7075</Sole>
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    <nameOfIssuer>IShares DJ Select Dividend</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287168</cusip>
    <value>255</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2681</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Emerging Markets Dvd E</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464286319</cusip>
    <value>2281</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>IShares International Select</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464288448</cusip>
    <value>11791</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>IShares MSCI EAFE Index Fund</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287465</cusip>
    <value>545</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7825</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares MSCI Emerging Mkts Fd</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287234</cusip>
    <value>434</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8983</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares NASDAQ Biotech Fd</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287556</cusip>
    <value>208</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1950</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1950</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares Russell 2000 ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287655</cusip>
    <value>822</value>
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      <sshPrnamt>5412</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>IShares S&amp;P 500 Index Fund</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287200</cusip>
    <value>226</value>
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      <sshPrnamt>851</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>851</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares S&amp;P Midcap 400</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287507</cusip>
    <value>1107</value>
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    <votingAuthority>
      <Sole>5900</Sole>
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      <None>0</None>
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    <nameOfIssuer>IShares S&amp;P Small Cap 600</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287804</cusip>
    <value>777</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>IShares Trust S&amp;P 500/Barra Gr</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287309</cusip>
    <value>465</value>
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      <sshPrnamt>3000</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>IShares Trust S&amp;P 500/Barra Va</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287408</cusip>
    <value>275</value>
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      <sshPrnamt>2517</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2517</Sole>
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      <None>0</None>
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    <nameOfIssuer>Industrial Select Sector SPDR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81369Y704</cusip>
    <value>1176</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15834</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15834</Sole>
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      <None>0</None>
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    <nameOfIssuer>International Paper Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>460146103</cusip>
    <value>294</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5500</Sole>
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      <None>0</None>
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    <nameOfIssuer>JP Morgan Chase &amp; Company</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46625H100</cusip>
    <value>14372</value>
    <shrsOrPrnAmt>
      <sshPrnamt>130686</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>130686</Sole>
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      <None>0</None>
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    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>478160104</cusip>
    <value>13077</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>102045</Sole>
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      <None>0</None>
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    <nameOfIssuer>Keysight Technologies Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>49338L103</cusip>
    <value>3946</value>
    <shrsOrPrnAmt>
      <sshPrnamt>75315</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>75315</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>Lam Research Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>512807108</cusip>
    <value>1307</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6433</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6433</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>Lear Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>521865204</cusip>
    <value>281</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1510</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1510</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>Lehman Bros Holding IXXX Escro</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>524ESC100</cusip>
    <value>0</value>
    <shrsOrPrnAmt>
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    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lilly Eli &amp; Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>532457108</cusip>
    <value>553</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7149</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7149</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lincoln National Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>534187109</cusip>
    <value>796</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10898</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10898</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Loews Corporation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>540424108</cusip>
    <value>201</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>M &amp; T Bank Corporation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55261F104</cusip>
    <value>317</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1722</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1722</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>McKesson Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58155Q103</cusip>
    <value>557</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3956</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3956</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Merck &amp; Co. Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>16037</value>
    <shrsOrPrnAmt>
      <sshPrnamt>294421</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>294421</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Micro Focus Intl PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>594837304</cusip>
    <value>871</value>
    <shrsOrPrnAmt>
      <sshPrnamt>62027</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>62027</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Microsoft Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>594918104</cusip>
    <value>16910</value>
    <shrsOrPrnAmt>
      <sshPrnamt>185278</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>185278</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Midcap SPDR Trust Series 1</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78467y107</cusip>
    <value>207</value>
    <shrsOrPrnAmt>
      <sshPrnamt>607</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>607</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Mondelez International Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>609207105</cusip>
    <value>10702</value>
    <shrsOrPrnAmt>
      <sshPrnamt>256468</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>256468</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Monsanto Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>61166W101</cusip>
    <value>211</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1810</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1810</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NASDAQ-100 Index Powershares T</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>73935A104</cusip>
    <value>918</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5730</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5730</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Nasdaq Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>631103108</cusip>
    <value>821</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9523</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9523</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Newmont Mining Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>651639106</cusip>
    <value>301</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>NextEra Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65339F101</cusip>
    <value>715</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4375</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4375</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Nutrien Ltd</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67077M108</cusip>
    <value>9097</value>
    <shrsOrPrnAmt>
      <sshPrnamt>192480</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>192480</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Occidental Petroleum Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>473</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7285</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7285</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>OneMain Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68268W103</cusip>
    <value>234</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7810</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7810</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Oracle Corporation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68389X105</cusip>
    <value>11939</value>
    <shrsOrPrnAmt>
      <sshPrnamt>260968</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>260968</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PNC Financial Services Group</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>693475105</cusip>
    <value>11840</value>
    <shrsOrPrnAmt>
      <sshPrnamt>78283</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>78283</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PPG Industries Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>693506107</cusip>
    <value>202</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1806</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1806</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Pepsico Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>713448108</cusip>
    <value>1903</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17436</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17436</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Pfizer Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>717081103</cusip>
    <value>15125</value>
    <shrsOrPrnAmt>
      <sshPrnamt>426164</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>426164</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Philip Morris International</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>718172109</cusip>
    <value>443</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4454</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4454</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Phillips 66</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>718546104</cusip>
    <value>1198</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12494</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12494</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>PowerShares S&amp;P 500 Equal Wt T</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>739371748</cusip>
    <value>841</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5555</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5555</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Praxair Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74005P104</cusip>
    <value>735</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5097</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5097</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Procter &amp; Gamble Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>742718109</cusip>
    <value>9944</value>
    <shrsOrPrnAmt>
      <sshPrnamt>125434</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>125434</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Raytheon Company</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>755111507</cusip>
    <value>12990</value>
    <shrsOrPrnAmt>
      <sshPrnamt>60191</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>60191</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Robo Global Robotics &amp; Automat</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>301505707</cusip>
    <value>272</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Ross Stores Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>778296103</cusip>
    <value>901</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11551</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11551</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF Trust Series</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78462F103</cusip>
    <value>1561</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5932</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5932</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P Pharmaceuticals ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A722</cusip>
    <value>278</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6640</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6640</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR Stoxx Europe 50 Fund ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78463X103</cusip>
    <value>11641</value>
    <shrsOrPrnAmt>
      <sshPrnamt>336045</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>336045</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Stryker Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>863667101</cusip>
    <value>249</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1550</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Technology Select Sect SPDR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81369y803</cusip>
    <value>280</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4278</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4278</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Texas Instruments Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>882508104</cusip>
    <value>242</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2325</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2325</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>The Chemours Company</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>163851108</cusip>
    <value>1511</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31013</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>31013</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Total SA-Spon ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89151E109</cusip>
    <value>8951</value>
    <shrsOrPrnAmt>
      <sshPrnamt>155165</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>155165</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Travelers Cos Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89417E109</cusip>
    <value>248</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1783</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1783</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Union Pacific Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>907818108</cusip>
    <value>4038</value>
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