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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ABBVIE INCCOM00287Y1093,55861,600SH DFND01,0261,60000
ACCENTURE PLC IRELANDSHS CLASS AG1151C1012,45630,200SH DFND01,0230,20000
ALTRIA GROUP INCCOM02209S1033,04166,200SH DFND01,0266,20000
AMERICAN ELEC PWR INCCOM0255371012,48347,564SH DFND01,0247,56400
AMERICAN INTL GROUP INCCOM NEW0268747841,75632,500SH DFND01,0232,50000
AMERIPRISE FINL INCCOM03076C1061,61413,080SH DFND01,0213,08000
APPLE INCCOM0378331004,70546,700SH DFND01,0246,70000
AT&T INCCOM00206R1022,84780,800SH DFND01,0280,80000
BANKUNITED INCCOM06652K1031,29042,300SH DFND01,0242,30000
BOEING COCOM0970231052,01815,840SH DFND01,0215,84000
COLGATE PALMOLIVE COCOM1941621032,73541,940SH DFND01,0241,94000
CONOCOPHILLIPSCOM20825C1042,21128,900SH DFND01,0228,90000
CRANE COCOM2243991056100SH DFND01,0210000
CSX CORPCOM126408103772,400SH DFND01,022,40000
FIRSTENERGY CORPCOM3379321071,44743,100SH DFND01,0243,10000
FOSTER L B COCOM35006010928600SH DFND01,0260000
FREIGHTCAR AMER INCCOM35702310010300SH DFND01,0230000
GENERAL DYNAMICS CORPCOM3695501082,74521,600SH DFND01,0221,60000
GENERAL ELECTRIC COCOM3696041033,925153,200SH DFND01,02153,20000
GENESEE & WYO INCCL A37155910576800SH DFND01,0280000
GREENBRIER COS INCCOM3936571011171,600SH DFND01,021,60000
HOLLYSYS AUTOMATION TECHNOLOSHSG456671051245,500SH DFND01,025,50000
HORMEL FOODS CORPCOM4404521001,04820,400SH DFND01,0220,40000
JOHNSON & JOHNSONCOM4781601042,76125,900SH DFND01,0225,90000
JPMORGAN CHASE & COCOM46625H1002,07034,368SH DFND01,0234,36800
LYONDELLBASELL INDUSTRIES NSHS - A -N537451001,79316,500SH DFND01,0216,50000
MDU RES GROUP INCCOM5526901091,97771,100SH DFND01,0271,10000
MERCK & CO INCNEW COM58933Y1054,08168,851SH DFND01,0268,85100
MICROSOFT CORPCOM5949181043,66479,027SH DFND01,0279,02700
NORFOLK SOUTHERN CORPCOM6558441081,94717,445SH DFND01,0217,44500
OCCIDENTAL PETE CORP DELCOM6745991052,49625,960SH DFND01,0225,96000
PEPSICO INCCOM7134481082,10422,600SH DFND01,0222,60000
TIME WARNER CABLE INCCOM88732J2072,36816,500SH DFND01,0216,50000
TRINITY INDS INCCOM8965221091783,800SH DFND01,023,80000
UNION PAC CORPCOM9078181081731,600SH DFND01,021,60000
UNITED TECHNOLOGIES CORPCOM9130171091,37313,000SH DFND01,0213,00000
WABTEC CORPCOM9297401081541,900SH DFND01,021,90000