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
1/100,000 Kinder Morgan Mgmt L cs eke55u103 3 3,013,674 SH   SOLE   2,929,908 0 83,766
3M Co cs 88579y101 1,187 8,380 SH   SOLE   600 0 7,780
Abbott Laboratories cs 002824100 895 21,520 SH   SOLE   0 0 21,520
Abbvie Inc cs 00287y109 739 12,800 SH   SOLE   0 0 12,800
Active Power Inc cs 00504w308 28 14,000 SH   SOLE   14,000 0 0
Alcoa Inc cs 013817101 193 12,010 SH   SOLE   12,010 0 0
Altria Group Inc cs 02209s103 386 8,400 SH   SOLE   8,400 0 0
Amgen Inc cs 031162100 2,041 14,530 SH   SOLE   0 0 14,530
Apple Inc cs 037833100 14,889 147,785 SH   SOLE   89,475 0 58,310
Automatic Data Processing Inc cs 053015103 349 4,200 SH   SOLE   4,200 0 0
Boeing Co cs 097023105 3,956 31,060 SH   SOLE   28,935 0 2,125
Cabot Oil & Gas Corp cs 127097103 248 7,600 SH   SOLE   0 0 7,600
Chevron Corp cs 166764100 1,761 14,757 SH   SOLE   13,782 0 975
China Everbright Intl Ltd cs y14226107 550 420,000 SH   SOLE   0 0 420,000
Cisco Systems Inc cs 17275r102 882 35,050 SH   SOLE   0 0 35,050
Coca-Cola Co cs 191216100 4,388 102,867 SH   SOLE   101,417 0 1,450
Concho Resources Inc cs 20605p101 201 1,600 SH   SOLE   0 0 1,600
Dominion Resources Inc VA cs 25746u109 1,959 28,360 SH   SOLE   28,360 0 0
Dow Chemical Co cs 260543103 6,384 121,733 SH   SOLE   80,283 0 41,450
Eldorado Gold Corp cs 284902103 202 30,000 SH   SOLE   0 0 30,000
Enbridge Inc cs 29250n105 287 6,000 SH   SOLE   0 0 6,000
Exelon Corp cs 30161n101 1,807 53,000 SH   SOLE   0 0 53,000
Exxon Mobil Corp cs 30231g102 8,484 90,211 SH   SOLE   68,436 0 21,775
FedEx Corp cs 31428x106 759 4,703 SH   SOLE   4,703 0 0
First Horizon Fractional cs dca517101 0 83,143 SH   SOLE   83,143 0 0
First Horizon Natl Corp cs 320517105 213 17,320 SH   SOLE   17,320 0 0
First Marblehead Corp cs 320771207 120 42,320 SH   SOLE   42,320 0 0
Ford Motor Co cs 345370860 2,312 156,325 SH   SOLE   153,350 0 2,975
Galena Biopharma Inc cs 363256108 26 12,750 SH   SOLE   12,750 0 0
General Electric Co cs 369604103 2,559 99,869 SH   SOLE   15,919 0 83,950
Genuine Parts Co cs 372460105 421 4,800 SH   SOLE   4,800 0 0
Gilead Sciences Inc cs 375558103 2,129 20,000 SH   SOLE   0 0 20,000
Goldman Sachs Group Inc cs 38141g104 1,551 8,450 SH   SOLE   1,150 0 7,300
Hancock Holding Co cs 410120109 2,195 68,482 SH   SOLE   68,482 0 0
Intel Corp cs 458140100 4,103 117,832 SH   SOLE   53,032 0 64,800
International Business Machine cs 459200101 403 2,121 SH   SOLE   2,121 0 0
Johnson & Johnson cs 478160104 7,725 72,474 SH   SOLE   46,074 0 26,400
Lakes Entertainment Inc cs 51206p208 174 20,876 SH   SOLE   20,876 0 0
MasterCard Inc Cl A cs 57636q104 449 6,075 SH   SOLE   6,075 0 0
Medifast Inc cs 58470h101 2,246 68,421 SH   SOLE   68,421 0 0
Merck & Co Inc cs 58933y105 2,089 35,238 SH   SOLE   1,628 0 33,610
MGIC Inv Corp WI cs 552848103 168 21,500 SH   SOLE   21,500 0 0
Nestle SA Nom cs h57312649 2,804 38,250 SH   SOLE   4,250 0 34,000
Novartis AG Namen AKT cs h5820q150 2,800 29,800 SH   SOLE   0 0 29,800
Oaktree Cap Group LLC Unit Cl cs 674001201 1,013 19,820 SH   SOLE   19,820 0 0
Oracle Corp cs 68389x105 2,825 73,798 SH   SOLE   70,333 0 3,465
Pengrowth Energy Corp cs 70706p104 52 10,000 SH   SOLE   10,000 0 0
PepsiCo Inc cs 713448108 1,202 12,910 SH   SOLE   9,410 0 3,500
Philip Morris Intl Inc cs 718172109 4,763 57,110 SH   SOLE   55,335 0 1,775
Procter & Gamble Co cs 742718109 2,694 32,169 SH   SOLE   31,344 0 825
Qualcomm Inc cs 747525103 598 8,000 SH   SOLE   1,000 0 7,000
Rentokil Initial 2005 PLC cs g7494g105 153 80,000 SH   SOLE   80,000 0 0
Schwab Charles Corp cs 808513105 504 17,150 SH   SOLE   17,150 0 0
Starbucks Corp cs 855244109 457 6,055 SH   SOLE   5,055 0 1,000
SuperValue Inc cs 868536103 223 25,000 SH   SOLE   25,000 0 0
Targa Resources Corp cs 87612g101 164,589 1,208,703 SH   SOLE   1,206,728 0 1,975
Target Corp cs 87612e106 299 4,765 SH   SOLE   4,765 0 0
Tidewater Inc cs 886423102 355 9,086 SH   SOLE   0 0 9,086
Visa Inc Cl A cs 92826c839 4,004 18,765 SH   SOLE   18,185 0 580
Wal Mart Stores Inc cs 931142103 4,332 56,652 SH   SOLE   54,152 0 2,500
Walgreen Co cs 931422109 426 7,185 SH   SOLE   7,185 0 0
Williams Cos Inc cs 969457100 170,662 3,083,327 SH   SOLE   3,083,327 0 0
America Movil SAB de CV Sp ADR ad 02364w105 1,781 70,680 SH   SOLE   0 0 70,680
Banco Bilbao Vizcaya Argentari ad 05946k101 1,327 110,609 SH   SOLE   27,609 0 83,000
Barclays PLC ADR ad 06738e204 868 58,625 SH   SOLE   0 0 58,625
BHP Billiton Ltd Sp ADR ad 088606108 236 4,000 SH   SOLE   0 0 4,000
China Mobile Limited Sp ADR ad 16941m109 2,285 38,900 SH   SOLE   3,000 0 35,900
Diageo PLC Sp ADR ad 25243q205 208 1,800 SH   SOLE   1,800 0 0
Fibria Celulose SA Sp ADR ad 31573a109 473 43,000 SH   SOLE   0 0 43,000
Honda Motor Ltd American ad 438128308 528 15,400 SH   SOLE   100 0 15,300
HSBC Holdings PLC Sp ADR ad 404280406 1,056 20,751 SH   SOLE   212 0 20,539
Novartis AG Sp ADR ad 66987v109 753 8,000 SH   SOLE   0 0 8,000
PetroChina Co Ltd Sp ADR ad 71646e100 1,452 11,300 SH   SOLE   1,000 0 10,300
Teva Pharmaceutical Industries ad 881624209 2,526 47,000 SH   SOLE   3,000 0 44,000
Wilmar Intl Ltd ADR ad 971433107 1,999 82,500 SH   SOLE   0 0 82,500
Maingate MLP Fund Class I mf 560599201 8,369 584,416 SH   SOLE   584,416 0 0
Access Midstream Partners LP ml 00434l109 53,048 833,568 SH   SOLE   833,568 0 0
Blackstone Group LP ml 09253u108 283 9,000 SH   SOLE   9,000 0 0
Buckeye Partners LP ml 118230101 153,959 1,933,186 SH   SOLE   1,933,186 0 0
El Paso Pipeline Partners LP ml 283702108 1,406 35,000 SH   SOLE   35,000 0 0
Energy Transfer Equity LP ml 29273v100 162,635 2,636,327 SH   SOLE   2,632,727 0 3,600
Enlink Midstream LLC Unit Rep ml 29336t100 199,122 4,817,847 SH   SOLE   4,794,247 0 23,600
Enlink Midstream Partners LP ml 29336u107 33,994 1,116,384 SH   SOLE   1,116,384 0 0
Enterprise Prods Partners LP ml 293792107 222,971 5,532,791 SH   SOLE   5,532,791 0 0
Equity Midstream Partners LP ml 26885b100 83,152 927,928 SH   SOLE   927,928 0 0
Genesis Energy LP ml 371927104 152,997 2,906,485 SH   SOLE   2,906,485 0 0
KKR & Co LP Del Units ml 48248m102 5,234 234,705 SH   SOLE   231,605 0 3,100
Magellan Midstream Partners LP ml 559080106 143,855 1,708,899 SH   SOLE   1,708,899 0 0
MarkWest Energy Partners LP ml 570759100 6,212 80,860 SH   SOLE   80,860 0 0
MPLX LP ml 55336v100 59,829 1,015,077 SH   SOLE   1,015,077 0 0
Och-Ziff Cap Mgmt Group Cl A ml 67551u105 203 19,000 SH   SOLE   19,000 0 0
Oiltanking Partners LP ml 678049107 162,300 3,272,839 SH   SOLE   3,272,839 0 0
Phillips 66 Partners LP Rep In ml 718549207 91,260 1,367,195 SH   SOLE   1,367,195 0 0
Plains All American Pipeline L ml 726503105 211,107 3,586,601 SH   SOLE   3,586,601 0 0
Plains Group Hlgs LP A ml 72651a108 56,644 1,848,095 SH   SOLE   1,848,095 0 0
QEP Midstream Partners LP ml 74735r115 40,830 1,723,509 SH   SOLE   1,723,509 0 0
Spectra Energy Partners LP ml 84756n109 2,967 56,000 SH   SOLE   56,000 0 0
Sunoco Logistics Partners LP ml 86764l108 112,184 2,324,570 SH   SOLE   2,324,570 0 0
Targa Resources Partners LP ml 87611x105 84,099 1,162,394 SH   SOLE   1,162,394 0 0
TC Pipelines LP ml 87233q108 1,625 24,000 SH   SOLE   24,000 0 0
Tesoro Logistics LP ml 88160t107 95,139 1,344,340 SH   SOLE   1,344,340 0 0
Valero Energy Partners LP Unt ml 91914j102 56,381 1,263,292 SH   SOLE   1,263,292 0 0
Vtti Energy Partners LP Rp Lt ml y9384m101 65,685 2,621,103 SH   SOLE   2,621,103 0 0
Western Gas Equity Partners LP ml 95825r103 142,465 2,337,795 SH   SOLE   2,336,595 0 1,200
Western Gas Partners LP ml 958254104 85,260 1,136,804 SH   SOLE   1,136,804 0 0
Williams Partners LP ml 96950f104 41,713 786,292 SH   SOLE   786,292 0 0