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		<nameOfIssuer>ABB LTD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>000375204</cusip>
		<value>1669</value>
		<shrsOrPrnAmt>
			<sshPrnamt>62855</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>26500</Sole>
			<Shared>0</Shared>
			<None>36355</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AT&#38;T INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00206R102</cusip>
		<value>289</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8206</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6348</Sole>
			<Shared>0</Shared>
			<None>1858</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AGRIUM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>008916108</cusip>
		<value>795</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8685</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2150</Sole>
			<Shared>0</Shared>
			<None>6535</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AIR PRODUCTS&#38; CHEMICALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>009158106</cusip>
		<value>265</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2368</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1380</Sole>
			<Shared>0</Shared>
			<None>988</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMERICAN CAPITAL LIMITED</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02503Y103</cusip>
		<value>1669</value>
		<shrsOrPrnAmt>
			<sshPrnamt>106725</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>36915</Sole>
			<Shared>0</Shared>
			<None>69810</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>025816109</cusip>
		<value>1829</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20157</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9280</Sole>
			<Shared>0</Shared>
			<None>10877</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>031162100</cusip>
		<value>1813</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15892</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6675</Sole>
			<Shared>0</Shared>
			<None>9217</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APPLE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>037833100</cusip>
		<value>6030</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10749</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4257</Sole>
			<Shared>0</Shared>
			<None>6492</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BAKER HUGHES INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>057224107</cusip>
		<value>1751</value>
		<shrsOrPrnAmt>
			<sshPrnamt>31681</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>14300</Sole>
			<Shared>0</Shared>
			<None>17381</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BAXTER INTERNATIONAL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>071813109</cusip>
		<value>1729</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24855</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11420</Sole>
			<Shared>0</Shared>
			<None>13435</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BOEING COMPANY</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>097023105</cusip>
		<value>887</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6495</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2975</Sole>
			<Shared>0</Shared>
			<None>3520</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CBS CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>124857202</cusip>
		<value>1760</value>
		<shrsOrPrnAmt>
			<sshPrnamt>27609</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>12700</Sole>
			<Shared>0</Shared>
			<None>14909</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CATERPILLAR INC DEL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>149123101</cusip>
		<value>1742</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19182</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8400</Sole>
			<Shared>0</Shared>
			<None>10782</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CELGENE CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>151020104</cusip>
		<value>1896</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11220</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5225</Sole>
			<Shared>0</Shared>
			<None>5995</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHICAGO BRIDGE&#38; IRON</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>167250109</cusip>
		<value>831</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>10000</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHIMERA INVESTMENT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>16934Q109</cusip>
		<value>31</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>10000</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>17275R102</cusip>
		<value>1463</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65206</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>30000</Sole>
			<Shared>0</Shared>
			<None>35206</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COCA-COLA COMPANY</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>191216100</cusip>
		<value>1519</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36760</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>17600</Sole>
			<Shared>0</Shared>
			<None>19160</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COLGATE PALMOLIVE CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>194162103</cusip>
		<value>257</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3936</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2090</Sole>
			<Shared>0</Shared>
			<None>1846</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COMPUTERIZED THERMAL IMAGING</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>20557C108</cusip>
		<value>0</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>15000</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COSTCO WHSL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>22160K105</cusip>
		<value>1382</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11611</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>6611</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CUMMINS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>231021106</cusip>
		<value>358</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2540</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1935</Sole>
			<Shared>0</Shared>
			<None>605</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DEVON ENERGY</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>25179M103</cusip>
		<value>1901</value>
		<shrsOrPrnAmt>
			<sshPrnamt>30720</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13850</Sole>
			<Shared>0</Shared>
			<None>16870</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DIAGEO PLC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>25243Q205</cusip>
		<value>1600</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12079</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5500</Sole>
			<Shared>0</Shared>
			<None>6579</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>254687106</cusip>
		<value>1936</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25334</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>12165</Sole>
			<Shared>0</Shared>
			<None>13169</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DOMINION RESOURCES INC (NEW)</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>25746U109</cusip>
		<value>786</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12145</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6680</Sole>
			<Shared>0</Shared>
			<None>5465</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DU PONT E I DE NEMOURS&#38; CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>263534109</cusip>
		<value>442</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6810</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4965</Sole>
			<Shared>0</Shared>
			<None>1845</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EMC CORPORATION MASS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>268648102</cusip>
		<value>1489</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59204</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>25500</Sole>
			<Shared>0</Shared>
			<None>33704</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EBAY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>278642103</cusip>
		<value>1644</value>
		<shrsOrPrnAmt>
			<sshPrnamt>29960</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>14800</Sole>
			<Shared>0</Shared>
			<None>15160</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EMBRAER SA</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29082A107</cusip>
		<value>2024</value>
		<shrsOrPrnAmt>
			<sshPrnamt>62892</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>31095</Sole>
			<Shared>0</Shared>
			<None>31797</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ENERGY TRANSFER PARTNERS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29273R109</cusip>
		<value>247</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4310</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2065</Sole>
			<Shared>0</Shared>
			<None>2245</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FMC CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>302491303</cusip>
		<value>755</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>10000</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FIRST TRUST NYSE ARCA</nameOfIssuer>
		<titleOfClass>BIOTECHNOLOGY IND</titleOfClass>
		<cusip>33733E203</cusip>
		<value>233</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3368</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>3368</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FIRST TRUST DOW JONES INTERNET</nameOfIssuer>
		<titleOfClass>INDEX FUND</titleOfClass>
		<cusip>33733E302</cusip>
		<value>601</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10034</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>450</Sole>
			<Shared>0</Shared>
			<None>9584</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FLUOR CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>343412102</cusip>
		<value>1680</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20922</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9850</Sole>
			<Shared>0</Shared>
			<None>11072</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FRANKLIN RESOURCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>354613101</cusip>
		<value>1518</value>
		<shrsOrPrnAmt>
			<sshPrnamt>26296</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11700</Sole>
			<Shared>0</Shared>
			<None>14596</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FREEPORT MCMORAN COPPER&#38;GOLD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>35671D857</cusip>
		<value>1750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>46380</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>21850</Sole>
			<Shared>0</Shared>
			<None>24530</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GENERAL ELEC CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>369604103</cusip>
		<value>1791</value>
		<shrsOrPrnAmt>
			<sshPrnamt>63891</sshPrnamt>
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		<nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
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		<cusip>375558103</cusip>
		<value>2110</value>
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			<sshPrnamt>28091</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>12775</Sole>
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			<None>15316</None>
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		<nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer>
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		<cusip>38141G104</cusip>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>4450</Sole>
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			<None>5844</None>
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		<nameOfIssuer>GOOGLE INC CLASS A</nameOfIssuer>
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		<cusip>38259P508</cusip>
		<value>2068</value>
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			<sshPrnamt>1845</sshPrnamt>
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			<Sole>843</Sole>
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		<nameOfIssuer>HALLIBURTON CO</nameOfIssuer>
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		<value>319</value>
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			<sshPrnamt>6284</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>HARLEY DAVIDSON INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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			<sshPrnamt>27412</sshPrnamt>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>12100</Sole>
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		<nameOfIssuer>HERTZ GLOBAL HOLDINGS INC</nameOfIssuer>
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		<nameOfIssuer>HONEYWELL</nameOfIssuer>
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			<None>21075</None>
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		<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
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			<Sole>6308</Sole>
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		<nameOfIssuer>INTERNATIONAL PAPER CO</nameOfIssuer>
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			<sshPrnamt>33632</sshPrnamt>
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		<nameOfIssuer>ISHARES MSCI AUSTRALIA</nameOfIssuer>
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		<nameOfIssuer>ISHARES FTSE XINHUA</nameOfIssuer>
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		<nameOfIssuer>ISHARES DOW JONES US FINANCIAL</nameOfIssuer>
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		<nameOfIssuer>JPMORGAN CHASE&#38; CO</nameOfIssuer>
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		<nameOfIssuer>JOHNSON&#38; JOHNSON</nameOfIssuer>
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		<nameOfIssuer>LOWES CO INC</nameOfIssuer>
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		<nameOfIssuer>MACY'S INC</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6635</Sole>
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		<nameOfIssuer>MAGNACHIP SEMICONDUCTOR CORP</nameOfIssuer>
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		<nameOfIssuer>MANULIFE FINANCIAL CORP.</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
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		<nameOfIssuer>MASTERCARD</nameOfIssuer>
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		<nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
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		<nameOfIssuer>MERCK&#38; CO. INC.</nameOfIssuer>
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		<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
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		<nameOfIssuer>NIKE INC CL B</nameOfIssuer>
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		<nameOfIssuer>NORFOLK&#38; SOUTHERN</nameOfIssuer>
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		<nameOfIssuer>NUANCE COMMUNICATIONS</nameOfIssuer>
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		<nameOfIssuer>OCCIDENTAL PETROLEUM</nameOfIssuer>
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		<nameOfIssuer>PNC FINANCIAL SERVICES GROUP</nameOfIssuer>
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		<nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
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		<investmentDiscretion>DFND</investmentDiscretion>
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		<nameOfIssuer>POWERSHARES DWA TECHINICAL</nameOfIssuer>
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		<nameOfIssuer>PUBLIC STORAGE</nameOfIssuer>
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		<nameOfIssuer>RYDEX ETF TRUST: GUGGENHEIM</nameOfIssuer>
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		<nameOfIssuer>SIMON PPTY GROUP INC</nameOfIssuer>
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		<nameOfIssuer>STATE STREET CORP</nameOfIssuer>
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		<nameOfIssuer>3D SYSTEMS CORPORATION</nameOfIssuer>
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		<nameOfIssuer>VANGUARD INFORMATION</nameOfIssuer>
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		<nameOfIssuer>VICAL INC.</nameOfIssuer>
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		<nameOfIssuer>MICHAEL KORS HLDG LTD</nameOfIssuer>
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