Form 13F Holding Report
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549

FORM 13F

FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 09/30/11

Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries

Institutional Investment Manager Filing this Report:

Name: Standard Life Investments LTD
Address: 1 Beacon Street 34th Floor
         Boston, MA 02108

13F File Number:  28-14115

The institutional investment manager filing this report
and the person by whom it is signed hereby represent that
the person signing the report is authorized to submit it,
that all information contained herein is true, correct and
complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered
integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name : Eric Rose
Title: U.S. Manager - Risk & Compliance
Phone: 617-720-7922

Signature, Place, and Date of Signing:

Eric Rose, Boston, MA 10/20/11

Report Type (Check only one.):

[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)

[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)

[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this report
and a portion are reported by other reporting manager(s).)


List of Other Managers Reporting for this Manager:





FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers: 1

Form 13F Information Table Entry Total: 1

Form 13F Information Table Value Total: 10928535

List of Other Included Managers:
No    Form 13F File Number                  Name
----- ------------------------------------- -----------------------------------
1     028-06065                             Standard Life Investments (USA) LTD

                                            
                                               FORM 13F INFORMATION TABLE
                                                          VALUE    SHARES/  SH/ PUT/ INVSTMT OTHER        VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000) PRN AMT  PRN CALL DSCRETN MANAGERS     SOLE     SHARED   NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABB Ltd.                       Equity Foreign   000375204    16698   743800 SH       SOLE                   743800
Aflac Inc                      Common StockUSD  001055102     1432    31128 SH       SOLE                    31128
AES Corporation, (The)         Equity U.S. Equ  00130H105      529    48595 SH       SOLE                    48595
AT&T Inc.                      Equity U.S. Equ  00206R102    50329  1740151 SH       SOLE                  1740151
AT&T Inc                       Common StockUSD  00206R102   156065  5475008 SH       SOLE    1             5475008
Abbott Laboratories            Equity U.S. Equ  002824100    10091   207224 SH       SOLE                   207224
Abercrombie & Fitch Co.        Equity U.S. Equ  002896207      340     5709 SH       SOLE                     5709
Activision Blizzard Inc        Common StockUSD  00507V109     6631   557476 SH       SOLE                   557476
Acuity Brands Inc.             Equity U.S. Equ  00508Y102    20067   549292 SH       SOLE                   549292
Acuity Brands Inc              Common StockUSD  00508Y102    54484  1513237 SH       SOLE    1             1513237
Adobe Systems Incorporated     Equity U.S. Equ  00724F101    23062   752764 SH       SOLE                   752764
Aecom Technology Corporation   Equity U.S. Equ  00766T100      464    16600 SH       SOLE                    16600
Advanced Micro Devices Inc.    Equity U.S. Equ  007903107      276    42515 SH       SOLE                    42515
Aetna Inc.                     Equity U.S. Equ  00817Y108      859    25824 SH       SOLE                    25824
Agilent Technologies Inc.      Equity U.S. Equ  00846U101      840    23056 SH       SOLE                    23056
Air Products & Chemicals Inc.  Equity U.S. Equ  009158106     2626    29992 SH       SOLE                    29992
Airgas Inc                     Equity U.S. Equ  009363102      274     4340 SH       SOLE                     4340
Akamai Technologies Inc        Common StockUSD  00971T101      411    12218 SH       SOLE                    12218
Alberto-Culver Company         Equity U.S. Equ  013078100      333     9000 SH       SOLE                     9000
Alcoa Inc.                     Equity U.S. Equ  013817101      863    69047 SH       SOLE                    69047
Alexion Pharmaceuticals Inc    Common StockUSD  015351109      382     5960 SH       SOLE                     5960
Allegheny Technologies Inc.    Equity U.S. Equ  01741R102     3347    88859 SH       SOLE                    88859
Allegheny Technologies Inc     Common StockUSD  01741R102    26591   718960 SH       SOLE    1              718960
Allergan Inc/United States     Common StockUSD  018490102     1520    20178 SH       SOLE                    20178
Alliant Techsystems Inc        Common StockUSD  018804104     1313    24093 SH       SOLE    1               24093
Allstate Corporation, (The)    Equity U.S. Equ  020002101      996    35684 SH       SOLE                    35684
Alpha Natural Resources Inc    Equity U.S. Equ  02076X102      365    11300 SH       SOLE                    11300
Altera Corporation             Equity U.S. Equ  021441100    21116   668225 SH       SOLE                   668225
Altria Group Inc.              Equity U.S. Equ  02209S103    12568   504465 SH       SOLE                   504465
Altria Group Inc               Common StockUSD  02209S103     4492   167550 SH       SOLE    1              167550
Amazon.com, Inc.               Equity U.S. Equ  023135106     7484    39379 SH       SOLE                    39379
Amazon.com Inc                 Common StockUSD  023135106    76561   354153 SH       SOLE    1              354153
Ameren Corporation             Equity U.S. Equ  023608102      469    16165 SH       SOLE                    16165
American Electric Power Co.Inc Equity U.S. Equ  025537101     1169    31606 SH       SOLE                    31606
American Express Company       Equity U.S. Equ  025816109     3285    74747 SH       SOLE                    74747
American International Group I Common StockUSD  026874784      586    18982 SH       SOLE                    18982
American Tower Corporation     Equity U.S. Equ  029912201     1398    26533 SH       SOLE                    26533
AmerisourceBergen Corporation  Equity U.S. Equ  03073E105     5040   135983 SH       SOLE                   135983
AmerisourceBergen Corp         Common StockUSD  03073E105    91572  2455994 SH       SOLE    1             2455994
Ameriprise Financial Inc.      Equity U.S. Equ  03076C106      798    16387 SH       SOLE                    16387
AMETEK, Inc.                   Equity U.S. Equ  031100100     4408   113200 SH       SOLE                   113200
Amgen Inc.                     Equity U.S. Equ  031162100    13742   250153 SH       SOLE                   250153
Amphenol Corporation           Equity U.S. Equ  032095101      857    17530 SH       SOLE                    17530
Anadarko Petroleum Corporation Equity U.S. Equ  032511107    17503   274114 SH       SOLE                   274114
Anadarko Petroleum Corp        Common StockUSD  032511107    61679   978332 SH       SOLE    1              978332
Analog Devices Inc.            Equity U.S. Equ  032654105      694    20131 SH       SOLE                    20131
Anheuser-Bush Inbev            Equity Foreign   03524A108     4944    86600 SH       SOLE                    86600
Annaly Capital Management Inc  REITUSD.01       035710409      511    30700 SH       SOLE                    30700
Ansys Inc                      Equity U.S. Equ  03662Q105      500     9600 SH       SOLE                     9600
Aon Corporation                Equity U.S. Equ  037389103      975    22152 SH       SOLE                    22152
Apache Corporation             Equity U.S. Equ  037411105    10875    95166 SH       SOLE                    95166
Apartment Investment & Managem REITUSD.01       03748R101     2936   131969 SH       SOLE                   131969
Apollo Group, Inc.             Equity U.S. Equ  037604105      326     8263 SH       SOLE                     8263
Apple Inc.                     Equity U.S. Equ  037833100   134496   376505 SH       SOLE                   376505
Apple Inc                      Common StockUSD  037833100   383119  1004796 SH       SOLE    1             1004796
Applied Materials Inc.         Equity U.S. Equ  038222105     4596   338302 SH       SOLE                   338302
AptarGroup, Inc.               Equity U.S. Equ  038336103     2697    56700 SH       SOLE                    56700
Archer-Daniels-Midland Co      Common StockUSD  039483102     1167    42394 SH       SOLE                    42394
AsiaInfo-Linkage Inc           Common StockUSD  04518A104      444    60100 SH       SOLE    1               60100
Associated Banc-Corp           Equity U.S. Equ  045487105      274    18100 SH       SOLE                    18100
Assurant Inc                   Equity U.S. Equ  04621X108      733    19225 SH       SOLE                    19225
Autodesk Inc.                  Equity U.S. Equ  052769106      485    14545 SH       SOLE                    14545
Automatic Data Processing Inc. Equity U.S. Equ  053015103     2062    44258 SH       SOLE                    44258
AutoNation, Inc.               Equity U.S. Equ  05329W102      200     6410 SH       SOLE                     6410
AutoZone Inc.                  Equity U.S. Equ  053332102      565     1906 SH       SOLE                     1906
AvalonBay Communities Inc.     Equity U.S. Equ  053484101     9821    86103 SH       SOLE                    86103
Avery Dennison Corporation     Equity U.S. Equ  053611109      251     7505 SH       SOLE                     7505
Avon Products Inc.             Equity U.S. Equ  054303102      688    28098 SH       SOLE                    28098
BB&T Corporation               Equity U.S. Equ  054937107     7860   303290 SH       SOLE                   303290
BP PLC                         Equity Foreign   055622104     8794   199100 SH       SOLE                   199100
BNP Paribas                    Equity Foreign   05565A202     3211   100500 SH       SOLE                   100500
BMC Software Inc.              Equity U.S. Equ  055921100      513    11968 SH       SOLE                    11968
Baker Hughes Incorporated      Equity U.S. Equ  057224107     1471    28397 SH       SOLE                    28397
Ball Corporation               Equity U.S. Equ  058498106      362     8089 SH       SOLE                     8089
Banco Bilbao Vizcaya Arg S.A.  Equity Foreign   05946K101      115    11300 SH       SOLE                    11300
Banco Santander SA             Equity Foreign   05964H105    14219  1335100 SH       SOLE                  1335100
Banco Santander Brasil         Equity Foreign   05967A107     4342   319242 SH       SOLE                   319242
Bank of America Corporation    Equity U.S. Equ  060505104    46197  3640250 SH       SOLE                  3640250
Bank of New York Mellon Corp/T Common StockUSD  064058100     6270   222676 SH       SOLE                   222676
CR Bard Inc                    Common StockUSD  067383109      554     6176 SH       SOLE                     6176
Baxter International Inc.      Equity U.S. Equ  071813109    27357   489030 SH       SOLE                   489030
Baxter International Inc       Common StockUSD  071813109    19421   345780 SH       SOLE    1              345780
Bayer AG                       Equity Foreign   072730302     4779    65150 SH       SOLE                    65150
BE Aerospace Inc.              Equity U.S. Equ  073302101      259     7000 SH       SOLE                     7000
Becton, Dickinson and Company  Equity U.S. Equ  075887109    22711   269647 SH       SOLE                   269647
Bed Bath & Beyond Inc.         Equity U.S. Equ  075896100      874    16508 SH       SOLE                    16508
Bemis Company Inc.             Equity U.S. Equ  081437105      202     6456 SH       SOLE                     6456
Berkshire Hathaway Inc         Common StockUSD  084670108     2463       23 SH       SOLE                       23
Berkshire Hathaway Inc         Equity U.S. Equ  084670702     7099    92432 SH       SOLE                    92432
Best Buy Co. Inc.              Equity U.S. Equ  086516101      682    24015 SH       SOLE                    24015
BHP Billiton Limited           Equity Foreign   088606108    23202   249700 SH       SOLE                   249700
Biogen Idec Inc.               Equity U.S. Equ  09062X103     1261    15794 SH       SOLE                    15794
BlackRock Inc                  Common StockUSD  09247X101      470     3170 SH       SOLE                     3170
H&R Block Inc.                 Equity U.S. Equ  093671105      251    19957 SH       SOLE                    19957
Boeing Company, (The)          Equity U.S. Equ  097023105     3077    48890 SH       SOLE                    48890
Boeing Co/The                  Common StockUSD  097023105     1550    25618 SH       SOLE    1               25618
BorgWarner Inc                 Common StockUSD  099724106    25265   417500 SH       SOLE                   417500
BorgWarner Inc                 Common StockUSD  099724106    38955   643718 SH       SOLE    1              643718
Boston Properties, Inc.        Equity U.S. Equ  101121101     9341   104968 SH       SOLE                   104968
Boston Scientific Corporation  Equity U.S. Equ  101137107      674    99570 SH       SOLE                    99570
Brinker International Inc      Equity U.S. Equ  109641100     1034    49500 SH       SOLE                    49500
Bristol-Myers Squibb Company   Equity U.S. Equ  110122108     3286   113836 SH       SOLE                   113836
Broadcom Corporation           Equity U.S. Equ  111320107     3054    86973 SH       SOLE                    86973
Broadcom Corp                  Common StockUSD  111320107    60214  1808510 SH       SOLE    1             1808510
Brookfield Office Properties I Common StockCAD  1129001$5     2168   157317 SH       SOLE                   157317
Brown-Forman Corporation       Equity U.S. Equ  115637209      421     6027 SH       SOLE                     6027
CBL & Associates Properties In REITUSD.01       124830100     2120   186556 SH       SOLE                   186556
CBS Corporation                Equity U.S. Equ  124857202      857    43583 SH       SOLE                    43583
CB Richard Ellis Group Inc     Common StockUSD  12497T101      342    20267 SH       SOLE                    20267
CF Industries Holdings Inc.    Equity U.S. Equ  125269100    16162   130563 SH       SOLE                   130563
CF Industries Holdings Inc     Common StockUSD  125269100    52661   426803 SH       SOLE    1              426803
CH Robinson Worldwide Inc      Equity U.S. Equ  12541W209      816    10950 SH       SOLE                    10950
CIGNA Corporation              Equity U.S. Equ  125509109     4279   115465 SH       SOLE                   115465
CIT Group Inc                  Common StockUSD  125581801      210     6900 SH       SOLE                     6900
CME Group Inc                  Equity U.S. Equ  12572Q105     4703    18394 SH       SOLE                    18394
CME Group Inc                  Common StockUSD  12572Q105    28649   116274 SH       SOLE    1              116274
CSX Corporation                Equity U.S. Equ  126408103     4661   218351 SH       SOLE                   218351
CSX Corp                       Common StockUSD  126408103    57889  3099823 SH       SOLE    1             3099823
CVSCaremark Corp               Equity U.S. Equ  126650100     8841   255732 SH       SOLE                   255732
CVS Caremark Corp              Common StockUSD  126650100    56943  1694979 SH       SOLE    1             1694979
CA Inc                         Equity U.S. Equ  12673P105     3397   141633 SH       SOLE                   141633
Cablevision Systems Corp       Common StockUSD  12686C109      400    16008 SH       SOLE                    16008
Calpine Corp                   Common StockUSD  131347304     9779   694771 SH       SOLE                   694771
Calpine Corp                   Common StockUSD  131347304    42188  2997363 SH       SOLE    1             2997363
Cameron International Corp.    Equity U.S. Equ  13342B105      750    16230 SH       SOLE                    16230
Campbell Soup Company          Equity U.S. Equ  134429109      512    15357 SH       SOLE                    15357
Capital One Financial Corp.    Equity U.S. Equ  14040H105     1234    29994 SH       SOLE                    29994
Cardinal Health Inc.           Equity U.S. Equ  14149Y108      925    23081 SH       SOLE                    23081
CareFusion Corporation         Equity U.S. Equ  14170T101      367    14781 SH       SOLE                    14781
Carmax Inc                     Equity U.S. Equ  143130102      422    15129 SH       SOLE                    15129
Carnival Corporation           Equity Foreign   143658300     4525   141676 SH       SOLE                   141676
Caterpillar Inc.               Equity U.S. Equ  149123101     3541    42187 SH       SOLE                    42187
Celgene Corporation            Equity U.S. Equ  151020104    11566   187498 SH       SOLE                   187498
Celgene Corp                   Common StockUSD  151020104    65182  1052595 SH       SOLE    1             1052595
CenterPoint Energy, Inc.       Equity U.S. Equ  15189T107      500    28347 SH       SOLE                    28347
CenturyLink Inc.               Equity U.S. Equ  156700106     1109    29441 SH       SOLE                    29441
CenturyLink Inc                Common StockUSD  156700106     5936   179205 SH       SOLE    1              179205
Cephalon, Inc.                 Equity U.S. Equ  156708109      616     9291 SH       SOLE                     9291
Cerner Corporation             Equity U.S. Equ  156782104      572     7418 SH       SOLE                     7418
Chesapeake Energy Corporation  Equity U.S. Equ  165167107     1110    43157 SH       SOLE                    43157
Chevron Corporation            Equity U.S. Equ  166764100    24409   265516 SH       SOLE                   265516
Chevron Corp                   Common StockUSD  166764100   148580  1605055 SH       SOLE    1             1605055
Chipotle Mexican Grill Inc     Common StockUSD  169656105      273      900 SH       SOLE                      900
Chubb Corporation, (The)       Equity U.S. Equ  171232101     1195    19985 SH       SOLE                    19985
Cimarex Energy Company         Equity U.S. Equ  171798101      607     7950 SH       SOLE                     7950
Cincinnati Financial Corp.     Equity U.S. Equ  172062101      304    10409 SH       SOLE                    10409
Cisco Systems Inc.             Equity U.S. Equ  17275R102    19013   981828 SH       SOLE                   981828
Cisco Systems Inc              Common StockUSD  17275R102    19395  1251696 SH       SOLE    1             1251696
Cintas Corporation             Equity U.S. Equ  172908105      255     9076 SH       SOLE                     9076
Citigroup Inc                  Common StockUSD  172967424    30105  1175064 SH       SOLE                  1175064
Citigroup Inc                  Common StockUSD  172967424   133896  5226236 SH       SOLE    1             5226236
Citrix Systems Inc.            Equity U.S. Equ  177376100      772    12536 SH       SOLE                    12536
City National Corp/CA          Common StockUSD  178566105      392     7023 SH       SOLE                     7023
Clean Harbors Inc              Equity U.S. Equ  184496107      378     4500 SH       SOLE                     4500
Cliffs Natural Resources Inc.  Equity U.S. Equ  18683K101      588     9095 SH       SOLE                     9095
Clorox Company, (The)          Equity U.S. Equ  189054109      576     8899 SH       SOLE                     8899
Coach Inc.                     Equity U.S. Equ  189754104     1047    19512 SH       SOLE                    19512
CNinsure Inc                   ADRUSD.001       18976M103      247    35200 SH       SOLE    1               35200
Coca-Cola Company, (The)       Equity U.S. Equ  191216100    10187   152815 SH       SOLE                   152815
Coca-Cola Co/The               Common StockUSD  191216100    28661   423944 SH       SOLE    1              423944
Coca-Cola Enterprises Inc      Common StockUSD  19122T109     3243   129654 SH       SOLE                   129654
Cognizant Technology Solutions Common StockUSD  192446102     5481    85666 SH       SOLE                    85666
Cognizant Technology Solutions Common StockUSD  192446102    76284  1216556 SH       SOLE    1             1216556
Colgate-Palmolive Company      Equity U.S. Equ  194162103     3685    44223 SH       SOLE                    44223
Collective Brands Inc          Equity U.S. Equ  19421W100      424    20100 SH       SOLE                    20100
Comcast Corporation            Equity U.S. Equ  20030N101    19192   910916 SH       SOLE                   910916
Comcast Corp                   Common StockUSD  20030N101     3611   172821 SH       SOLE    1              172821
Comcast Corporation            Equity U.S. Equ  20030N200      964    46424 SH       SOLE                    46424
Comerica Incorporated          Equity U.S. Equ  200340107      389    11917 SH       SOLE                    11917
Compass Group PLC              Equity Foreign   20449X203    29460  3160950 SH       SOLE                  3160950
Computer Sciences Corporation  Equity U.S. Equ  205363104      401    10488 SH       SOLE                    10488
Compuware Corporation          Equity U.S. Equ  205638109      131    13202 SH       SOLE                    13202
ConAgra Foods Inc.             Equity U.S. Equ  205887102      675    28866 SH       SOLE                    28866
Concho Resources Inc           Common StockUSD  20605P101      238     3350 SH       SOLE                     3350
ConocoPhillips                 Equity U.S. Equ  20825C104     6224    94483 SH       SOLE                    94483
Consol Energy Inc              Common StockUSD  20854P109      621    14946 SH       SOLE                    14946
Consolidated Edison Inc.       Equity U.S. Equ  209115104     1040    19529 SH       SOLE                    19529
Constellation Brands, Inc.     Equity U.S. Equ  21036P108      224    11040 SH       SOLE                    11040
Constellation Energy Group Inc Equity U.S. Equ  210371100      444    12970 SH       SOLE                    12970
Corning Incorporated           Equity U.S. Equ  219350105     1640   102780 SH       SOLE                   102780
Costco Wholesale Corporation   Equity U.S. Equ  22160K105     2192    28470 SH       SOLE                    28470
Covance Inc.                   Equity U.S. Equ  222816100    12102   235400 SH       SOLE                   235400
Coventry Health Care, Inc.     Equity U.S. Equ  222862104      261     9475 SH       SOLE                     9475
Credit Suisse Group            Equity Foreign   225401108     5686   140700 SH       SOLE                   140700
Crown Castle International Cor Common StockUSD  228227104      379     9322 SH       SOLE                     9322
Cullen/Frost Bankers Inc.      Equity U.S. Equ  229899109      263     4300 SH       SOLE                     4300
Cummins Inc.                   Equity U.S. Equ  231021106     1262    13113 SH       SOLE                    13113
Cummins Inc                    Common StockUSD  231021106    14733   180342 SH       SOLE    1              180342
DDR Corp                       REITUSD.1        23317H102     7775   712655 SH       SOLE                   712655
DR Horton Inc                  Common StockUSD  23331A109      196    18610 SH       SOLE                    18610
DTE Energy Company             Equity U.S. Equ  233331107      530    11257 SH       SOLE                    11257
Danaher Corporation            Equity U.S. Equ  235851102     9103   195289 SH       SOLE                   195289
Darden Restaurants Inc         Common StockUSD  237194105      423     9487 SH       SOLE                     9487
DaVita Inc                     Equity U.S. Equ  23918K108      422     6382 SH       SOLE                     6382
Deere & Company                Equity U.S. Equ  244199105     6277    78591 SH       SOLE                    78591
Dell Inc.                      Equity U.S. Equ  24702R101     1649   118896 SH       SOLE                   118896
Delta Air Lines Inc            Common StockUSD  247361702      210    28000 SH       SOLE                    28000
Denbury Resources Inc.         Equity U.S. Equ  247916208      420    27570 SH       SOLE                    27570
Dendreon Corp                  Common StockUSD  24823Q107     2116   235108 SH       SOLE                   235108
Dendreon Corp                  Common StockUSD  24823Q107    14198  1577561 SH       SOLE    1             1577561
DENTSPLY International Inc     Common StockUSD  249030107     5457   160112 SH       SOLE                   160112
Devon Energy Corporation       Equity U.S. Equ  25179M103     1919    28520 SH       SOLE                    28520
Devon Energy Corp              Common StockUSD  25179M103    19568   353150 SH       SOLE    1              353150
Diamond Offshore Drilling Inc  Common StockUSD  25271C102      264     4298 SH       SOLE                     4298
Dick's Sporting Goods Inc.     Equity U.S. Equ  253393102      338     9000 SH       SOLE                     9000
Digital Realty Trust Inc       REITUSD.01       253868103     2568    46608 SH       SOLE                    46608
Walt Disney Company, (The)     Equity U.S. Equ  254687106    24960   699491 SH       SOLE                   699491
Walt Disney Co/The             Common StockUSD  254687106    75022  2488694 SH       SOLE    1             2488694
Discover Financial Services    Equity U.S. Equ  254709108      739    35733 SH       SOLE                    35733
Discovery Communications Inc   Common StockUSD  25470F104      581    14417 SH       SOLE                    14417
DirecTV                        Common StockUSD  25490A101     2145    52332 SH       SOLE                    52332
Dollar Tree Inc                Common StockUSD  256746108      272     3627 SH       SOLE                     3627
Dominion Resources Inc/VA      Common StockUSD  25746U109     9509   190463 SH       SOLE                   190463
Dominion Resources Inc/VA      Common StockUSD  25746U109    65236  1285177 SH       SOLE    1             1285177
Donaldson Company Inc.         Equity U.S. Equ  257651109      536     9200 SH       SOLE                     9200
RR Donnelley & Sons Co         Common StockUSD  257867101      206    12996 SH       SOLE                    12996
Douglas Emmett Inc             REITUSD.01       25960P109     7832   457722 SH       SOLE                   457722
Dover Corporation              Equity U.S. Equ  260003108      655    12441 SH       SOLE                    12441
Dow Chemical Company, (The)    Equity U.S. Equ  260543103     4751   151802 SH       SOLE                   151802
Dr Pepper Snapple Group Inc    Equity U.S. Equ  26138E109     7488   193694 SH       SOLE                   193694
Dr Pepper Snapple Group Inc    Common StockUSD  26138E109    84017  2165103 SH       SOLE    1             2165103
EI du Pont de Nemours & Co     Common StockUSD  263534109     2740    60886 SH       SOLE                    60886
Duke Realty Corp               REITUSD.01       264411505     7127   678440 SH       SOLE                   678440
Duke Energy Corporation        Equity U.S. Equ  26441C105     1654    87703 SH       SOLE                    87703
Dun & Bradstreet Corp          Common StockUSD  26483E100      233     3216 SH       SOLE                     3216
EMC Corporation                Equity U.S. Equ  268648102    13136   619074 SH       SOLE                   619074
EMC Corp/Massachusetts         Common StockUSD  268648102    68148  3244389 SH       SOLE    1             3244389
EOG Resources Inc.             Equity U.S. Equ  26875P101    21602   238219 SH       SOLE                   238219
EOG Resources Inc              Common StockUSD  26875P101     3440    48478 SH       SOLE    1               48478
EQT Corporation                Equity U.S. Equ  26884L109      471     9643 SH       SOLE                     9643
Eastman Chemical Company       Equity U.S. Equ  277432100      342     4434 SH       SOLE                     4434
Eaton Corporation              Equity U.S. Equ  278058102      962    16463 SH       SOLE                    16463
eBay Inc.                      Equity U.S. Equ  278642103     2309    80496 SH       SOLE                    80496
Ecolab Inc.                    Equity U.S. Equ  278865100      777    15659 SH       SOLE                    15659
Edison International           Equity U.S. Equ  281020107      847    22037 SH       SOLE                    22037
Edwards Lifesciences Corp      Common StockUSD  28176E108      264     3700 SH       SOLE                     3700
El Paso Corporation            Equity U.S. Equ  28336L109      739    47359 SH       SOLE                    47359
Electronic Arts Inc.           Equity U.S. Equ  285512109     2429   145395 SH       SOLE                   145395
Electronic Arts Inc            Common StockUSD  285512109     1493    73001 SH       SOLE    1               73001
Emerson Electric Co.           Equity U.S. Equ  291011104    17228   337701 SH       SOLE                   337701
Emerson Electric Co            Common StockUSD  291011104    84013  2032987 SH       SOLE    1             2032987
Energizer Holdings Inc         Equity U.S. Equ  29266R108      577     8122 SH       SOLE                     8122
EnerNOC Inc                    Common StockUSD  292764107     2444   271688 SH       SOLE    1              271688
Entergy Corporation            Equity U.S. Equ  29364G103      813    11847 SH       SOLE                    11847
Equifax Inc.                   Equity U.S. Equ  294429105      257     7716 SH       SOLE                     7716
Equinix Inc                    Common StockUSD  29444U502     2323    26138 SH       SOLE                    26138
Equinix Inc                    Common StockUSD  29444U502    52099   586268 SH       SOLE    1              586268
Equity Residential             REITUSD.01       29476L107    16042   309235 SH       SOLE                   309235
Essex Property Trust Inc       REITUSD.0001     297178105     6415    53412 SH       SOLE                    53412
Exelon Corporation             Equity U.S. Equ  30161N101     4451   106393 SH       SOLE                   106393
Expedia, Inc                   Equity U.S. Equ  30212P105      378    14868 SH       SOLE                    14868
Expeditors International of Wa Common StockUSD  302130109      687    14447 SH       SOLE                    14447
Express Scripts Inc.           Equity U.S. Equ  302182100    14881   363174 SH       SOLE                   363174
Exxon Mobil Corporation        Equity U.S. Equ  30231G102   100225  1372295 SH       SOLE                  1372295
Exxon Mobil Corp               Common StockUSD  30231G102   289963  3986290 SH       SOLE    1             3986290
FMC Technologies Inc           Equity U.S. Equ  30249U101     1067    16560 SH       SOLE                    16560
FNB Corp/PA                    Common StockUSD  302520101     6755   788644 SH       SOLE    1              788644
Fair, Isaac, Inc.              Equity U.S. Equ  303250104      269    11500 SH       SOLE                    11500
Family Dollar Stores Inc       Common StockUSD  307000109      405     8075 SH       SOLE                     8075
Fastenal Co                    Equity U.S. Equ  311900104      626    14793 SH       SOLE                    14793
Federal Realty Investment Trus REITUSD.01       313747206     6409    77770 SH       SOLE                    77770
FedEx Corporation              Equity U.S. Equ  31428X106    22419   327461 SH       SOLE                   327461
FedEx Corp                     Common StockUSD  31428X106    81218  1200821 SH       SOLE    1             1200821
F5 Networks, Inc.              Equity U.S. Equ  315616102      552     5494 SH       SOLE                     5494
Fidelity National Information  Common StockUSD  31620M106      466    18026 SH       SOLE                    18026
Fifth Third Bancorp            Equity U.S. Equ  316773100      711    58152 SH       SOLE                    58152
51job, Inc.                    Equity Foreign   316827104     5241   129079 SH       SOLE                   129079
51job Inc                      ADRUSD.0001      316827104      925    23120 SH       SOLE    1               23120
First Horizon National Corp.   Equity U.S. Equ  320517105      135    14219 SH       SOLE                    14219
First Solar Inc                Equity U.S. Equ  336433107      370     3902 SH       SOLE                     3902
Fiserv Inc.                    Equity U.S. Equ  337738108     1245    21913 SH       SOLE                    21913
FirstEnergy Corp.              Equity U.S. Equ  337932107      985    23752 SH       SOLE                    23752
Fluor Corporation              Equity U.S. Equ  343412102      848    14566 SH       SOLE                    14566
Flowserve Corporation          Equity U.S. Equ  34354P105      372     3863 SH       SOLE                     3863
Ford Motor Company             Equity U.S. Equ  345370860     6538   582678 SH       SOLE                   582678
Ford Motor Co                  Common StockUSD  345370860    54834  5673486 SH       SOLE    1             5673486
Forest Laboratories, Inc       Equity U.S. Equ  345838106      591    18816 SH       SOLE                    18816
Fortune Brands Inc.            Equity U.S. Equ  349631101     4435    74141 SH       SOLE                    74141
Franklin Resources Inc.        Equity U.S. Equ  354613101     1068    10367 SH       SOLE                    10367
Freeport-McMoRan Copper & Gold Common StockUSD  35671D857     7658    86089 SH       SOLE                    86089
Frontier Communications        Equity U.S. Equ  35906A108     3552   376940 SH       SOLE                   376940
GKN PLC                        Equity Foreign   361755606     8468  2402200 SH       SOLE                  2402200
GameStop Corp.                 Equity U.S. Equ  36467W109      214     9279 SH       SOLE                     9279
Gannett Co. Inc.               Equity U.S. Equ  364730101      185    14774 SH       SOLE                    14774
Gap Inc/The                    Common StockUSD  364760108     2057    96521 SH       SOLE                    96521
Gen-Probe Incorporated         Equity U.S. Equ  36866T103      432     7400 SH       SOLE                     7400
General Dynamics Corporation   Equity U.S. Equ  369550108    20921   316232 SH       SOLE                   316232
General Dynamics Corp          Common StockUSD  369550108   114928  2020008 SH       SOLE    1             2020008
General Electric Company       Equity U.S. Equ  369604103    29940  1732421 SH       SOLE                  1732421
General Electric Co            Common StockUSD  369604103    89599  5884975 SH       SOLE    1             5884975
General Growth Properties Inc  REITUSD.01       370023103     6695   554000 SH       SOLE                   554000
General Mills Inc.             Equity U.S. Equ  370334104     1566    42312 SH       SOLE                    42312
General Motors Company         Equity U.S. Equ  37045V100     3293    98377 SH       SOLE                    98377
Genuine Parts Company          Equity U.S. Equ  372460105      515    10071 SH       SOLE                    10071
Genworth Financial Inc.        Equity U.S. Equ  37247D106      319    34224 SH       SOLE                    34224
Genzyme Corporation            Equity U.S. Equ  372917104      626     8794 SH       SOLE                     8794
Gilead Sciences, Inc.          Equity U.S. Equ  375558103     7432   193927 SH       SOLE                   193927
Gilead Sciences Inc            Common StockUSD  375558103    94940  2446600 SH       SOLE    1             2446600
Goldman Sachs Group, Inc. (The Equity U.S. Equ  38141G104    33635   342549 SH       SOLE                   342549
Goldman Sachs Group Inc/The    Common StockUSD  38141G104    90087   953758 SH       SOLE    1              953758
Goodrich Corporation           Equity U.S. Equ  382388106      871     8358 SH       SOLE                     8358
Goodrich Corp                  Common StockUSD  382388106   112702   933540 SH       SOLE    1              933540
Google Inc.                    Equity U.S. Equ  38259P508    52702    98887 SH       SOLE                    98887
Google Inc                     Common StockUSD  38259P508   125556   244002 SH       SOLE    1              244002
WW Grainger Inc                Common StockUSD  384802104      616     4268 SH       SOLE                     4268
Guess Inc                      Common StockUSD  401617105     1494    52414 SH       SOLE    1               52414
HCC Insurance Holdings Inc     Equity U.S. Equ  404132102      637    22000 SH       SOLE                    22000
HCP Inc                        REITUSD1         40414L109     2998    84894 SH       SOLE                    84894
HSBC Holdings PLC              Equity Foreign   404280406     9090   178100 SH       SOLE                   178100
Halliburton Company            Equity U.S. Equ  406216101    14665   464279 SH       SOLE                   464279
Halliburton Co                 Common StockUSD  406216101    33258  1090604 SH       SOLE    1             1090604
Hanesbrands Inc                Common StockUSD  410345102     2496    99861 SH       SOLE                    99861
Hanesbrands Inc                Common StockUSD  410345102    49542  1982479 SH       SOLE    1             1982479
Hanover Insurance Group Inc/Th Common StockUSD  410867105    24086   678181 SH       SOLE    1              678181
Harley-Davidson Inc.           Equity U.S. Equ  412822108      561    16278 SH       SOLE                    16278
Harris Corp                    Equity U.S. Equ  413875105      325     8115 SH       SOLE                     8115
Hartford Financial Services Gr Common StockUSD  416515104      919    40373 SH       SOLE                    40373
Hasbro Inc.                    Equity U.S. Equ  418056107     1465    32314 SH       SOLE                    32314
Health Care REIT, Inc          Equity U.S. Equ  42217K106     1405    29923 SH       SOLE                    29923
HJ Heinz Co                    Common StockUSD  423074103     1054    21115 SH       SOLE                    21115
Helmerich & Payne Inc.         Equity U.S. Equ  423452101      601    12393 SH       SOLE                    12393
Hershey Company                Equity U.S. Equ  427866108      553    10418 SH       SOLE                    10418
Hess Corporation               Equity U.S. Equ  42809H107     3192    56164 SH       SOLE                    56164
Hess Corp                      Common StockUSD  42809H107    59551  1135275 SH       SOLE    1             1135275
Hewlett-Packard Company        Equity U.S. Equ  428236103    11030   313306 SH       SOLE                   313306
Home Depot Inc., (The)         Equity U.S. Equ  437076102    27343   820936 SH       SOLE                   820936
Home Depot Inc                 Common StockUSD  437076102    58468  1779848 SH       SOLE    1             1779848
Honeywell International Inc.   Equity U.S. Equ  438516106     2526    51944 SH       SOLE                    51944
Hormel Foods Corp              Equity U.S. Equ  440452100      275     8098 SH       SOLE                     8098
Hospira Inc.                   Equity U.S. Equ  441060100      511    10935 SH       SOLE                    10935
Host Hotels & Resorts Inc      REITUSD.01       44107P104    11451  1033784 SH       SOLE                  1033784
Hudson City Bancorp Inc        Equity U.S. Equ  443683107      306    31658 SH       SOLE                    31658
Humana Inc.                    Equity U.S. Equ  444859102      704    11088 SH       SOLE                    11088
JB Hunt Transport Services Inc Equity U.S. Equ  445658107     3122    76826 SH       SOLE                    76826
Huntington Bancshares Inc/OH   Common StockUSD  446150104      351    60693 SH       SOLE                    60693
ITT Corporation                Equity U.S. Equ  450911102      576    12203 SH       SOLE                    12203
Illinois Tool Works Inc.       Equity U.S. Equ  452308109     1565    32843 SH       SOLE                    32843
Informatica Corp               Equity U.S. Equ  45666Q102     7203   163600 SH       SOLE                   163600
Intel Corporation              Equity U.S. Equ  458140100     7632   360450 SH       SOLE                   360450
IntercontinentalExchange Inc   Equity U.S. Equ  45865V100      574     4837 SH       SOLE                     4837
IntercontinentalExchange Inc   Common StockUSD  45865V100    22125   187096 SH       SOLE    1              187096
International Business Machine Common StockUSD  459200101    33879   223429 SH       SOLE                   223429
International Flavors & Fragra Common StockUSD  459506101      291     5197 SH       SOLE                     5197
International Game Technology  Equity U.S. Equ  459902102      319    19760 SH       SOLE                    19760
International Paper Company    Equity U.S. Equ  460146103      726    28645 SH       SOLE                    28645
International Power PLC        Equity Foreign   46018M104     2803    40600 SH       SOLE                    40600
Interpublic Group of Cos Inc/T Common StockUSD  460690100      273    30018 SH       SOLE                    30018
Intuit Inc.                    Equity U.S. Equ  461202103     3410    69528 SH       SOLE                    69528
Intuitive Surgical, Inc.       Equity U.S. Equ  46120E602      799     2584 SH       SOLE                     2584
Iridium Communications Inc     Common StockUSD  46269C102     1490   240954 SH       SOLE                   240954
Iridium Communications Inc     Common StockUSD  46269C102    18806  3040572 SH       SOLE    1             3040572
Iron Mountain Inc              Equity U.S. Equ  462846106      384    13561 SH       SOLE                    13561
iShares                        Equity Foreign   464287465    33775   580036 SH       SOLE                   580036
Israel Chemicals Ltd           ADRUSD           465036200      116    10000 SH       SOLE                                      10000
ITAU Unibanco Holdings SA      Equity Foreign   465562106     3594   149700 SH       SOLE                   149700
Itron Inc                      Equity U.S. Equ  465741106     3549    64000 SH       SOLE                    64000
JPMorgan Chase & Co.           Common StockUSD  46625H100    93542  2506335 SH       SOLE                  2506335
JPMorgan Chase & Co.           Common StockUSD  46625H100    87608  2907196 SH       SOLE    1             2907196
Jabil Circuit Inc.             Equity U.S. Equ  466313103      270    14305 SH       SOLE                    14305
Jacobs Engineering Group Inc.  Equity U.S. Equ  469814107     5588   123169 SH       SOLE                   123169
Janus Capital Group Inc.       Equity U.S. Equ  47102X105      114    11755 SH       SOLE                    11755
Johnson & Johnson              Equity U.S. Equ  478160104    31086   499944 SH       SOLE                   499944
Johnson Controls Inc.          Equity U.S. Equ  478366107     1450    44692 SH       SOLE                    44692
Joy Global Inc                 Common StockUSD  481165108      214     3430 SH       SOLE                     3430
Juniper Networks Inc.          Equity U.S. Equ  48203R104      954    35035 SH       SOLE                    35035
KLA-Tencor Corporation         Equity U.S. Equ  482480100      426    11082 SH       SOLE                    11082
KT Corp                        ADRUSD           48268K101     1175    79600 SH       SOLE    1               79600
KB Home                        Equity U.S. Equ  48666K109      371    27500 SH       SOLE                    27500
Kellogg Company                Equity U.S. Equ  487836108     3603    68090 SH       SOLE                    68090
Kellogg Co                     Common StockUSD  487836108    54937  1032934 SH       SOLE    1             1032934
Kennametal Inc                 Equity U.S. Equ  489170100      351     8900 SH       SOLE                     8900
KeyCorp                        Equity U.S. Equ  493267108      461    62827 SH       SOLE                    62827
Kimberly-Clark Corporation     Equity U.S. Equ  494368103     2066    31162 SH       SOLE                    31162
Kimco Realty Corporation       Equity U.S. Equ  49446R109     2190   143071 SH       SOLE                   143071
Kohl's Corporation             Equity U.S. Equ  500255104     5443   101071 SH       SOLE                   101071
Kraft Foods Inc.               Equity U.S. Equ  50075N104     3789   116508 SH       SOLE                   116508
Kroger Co/The                  Common StockUSD  501044101      907    40896 SH       SOLE                    40896
LSI Corporation                Equity U.S. Equ  502161102      226    40512 SH       SOLE                    40512
L-3 Communications Holdings In Common StockUSD  502424104      490     7384 SH       SOLE                     7384
Laboratory Corp. of Amer Hldgs Equity U.S. Equ  50540R409      559     6688 SH       SOLE                     6688
Las Vegas Sands Corp           Common StockUSD  517834107      430    11206 SH       SOLE                    11206
The Estee Lauder Companies Inc Equity U.S. Equ  518439104     8482    96887 SH       SOLE                    96887
Estee Lauder Cos Inc/The       Common StockUSD  518439104    17083   194491 SH       SOLE    1              194491
Leggett & Platt Incorporated   Equity U.S. Equ  524660107      217    10204 SH       SOLE                    10204
Legg Mason Inc                 Equity U.S. Equ  524901105      301     9597 SH       SOLE                     9597
Lennar Corporation             Equity U.S. Equ  526057104      167    10246 SH       SOLE                    10246
Leucadia National Corp         Equity U.S. Equ  527288104      329    12592 SH       SOLE                    12592
Liberty Interactive Corp       Common StockUSD  53071M104      278    18825 SH       SOLE                    18825
Life Technologies Corporation  Equity U.S. Equ  53217V109      574    12107 SH       SOLE                    12107
Eli Lilly and Company          Equity U.S. Equ  532457108     5221   147000 SH       SOLE                   147000
Ltd Brands Inc                 Common StockUSD  532716107      680    19478 SH       SOLE                    19478
Lincoln National Corporation   Equity U.S. Equ  534187109      846    35246 SH       SOLE                    35246
Linear Technology Corporation  Equity U.S. Equ  535678106     3797   111055 SH       SOLE                   111055
Lockheed Martin Corporation    Equity U.S. Equ  539830109     1501    21041 SH       SOLE                    21041
Lockheed Martin Corp           Common StockUSD  539830109    39462   543372 SH       SOLE    1              543372
Loews Corporation              Equity U.S. Equ  540424108      889    24372 SH       SOLE                    24372
Lorillard Inc                  Equity U.S. Equ  544147101      925     9668 SH       SOLE                     9668
Lowe's Cos Inc                 Common StockUSD  548661107     4144   174715 SH       SOLE                   174715
M&T Bank Corporation           Equity U.S. Equ  55261F104     1101    13439 SH       SOLE                    13439
MEMC Electronic Materials Inc  Equity U.S. Equ  552715104      110    12152 SH       SOLE                    12152
MGM Resorts International      Common StockUSD  552953101      108    11580 SH       SOLE                    11580
Macerich Co/The                REITUSD.01       554382101    10060   236085 SH       SOLE                   236085
Mack-Cali Realty Corp          REITUSD.01       554489104     1693    63205 SH       SOLE                    63205
Macy's Inc                     Equity U.S. Equ  55616P104    12177   480745 SH       SOLE                   480745
Marathon Oil Corp              Equity U.S. Equ  565849106     1378    46598 SH       SOLE                    46598
Marathon Petroleum Corp        Common StockUSD  56585A102      304    11246 SH       SOLE                    11246
Marsh & McLennan Cos Inc       Common StockUSD  571748102      979    36295 SH       SOLE                    36295
Marshall & Ilsley Corporation  Equity U.S. Equ  571837103      124    17928 SH       SOLE                    17928
Marriott International Inc/DE  Common StockUSD  571903202     3525    89032 SH       SOLE                    89032
Masco Corporation              Equity U.S. Equ  574599106      226    22231 SH       SOLE                    22231
Mastercard Inc                 Equity U.S. Equ  57636Q104    30350    96703 SH       SOLE                    96703
Mastercard Inc                 Common StockUSD  57636Q104    39446   124433 SH       SOLE    1              124433
Mattel Inc.                    Equity U.S. Equ  577081102     1838    72048 SH       SOLE                    72048
McAfee Inc.                    Equity U.S. Equ  579064106      242     5228 SH       SOLE                     5228
McCormick & Company Inc.       Equity U.S. Equ  579780206     1109    23877 SH       SOLE                    23877
McDonald's Corporation         Equity U.S. Equ  580135101    29038   359142 SH       SOLE                   359142
McDonald's Corp                Common StockUSD  580135101    95783  1090736 SH       SOLE    1             1090736
McGraw-Hill Cos. Inc. (The)    Equity U.S. Equ  580645109      816    21051 SH       SOLE                    21051
McKesson Corporation           Equity U.S. Equ  58155Q103     3878    53637 SH       SOLE                    53637
McKesson Corp                  Common StockUSD  58155Q103    85755  1179821 SH       SOLE    1             1179821
Mead Johnson Nutrition Company Equity U.S. Equ  582839106    29072   430716 SH       SOLE                   430716
Mead Johnson Nutrition Co      Common StockUSD  582839106    95984  1393393 SH       SOLE    1             1393393
MeadWestvaco Corp              Equity U.S. Equ  583334107      267    10504 SH       SOLE                    10504
Medco Health Solutions, Inc.   Equity U.S. Equ  58405U102     1485    27263 SH       SOLE                    27263
Medicis Pharmaceutical Corp.   Equity U.S. Equ  584690309     1836    52344 SH       SOLE                    52344
Medicis Pharmaceutical Corp    Common StockUSD  584690309    20217   554583 SH       SOLE    1              554583
Medtronic Inc.                 Equity U.S. Equ  585055106     6411   176435 SH       SOLE                   176435
Merck & Co., Inc.              Equity U.S. Equ  58933Y105    21338   609589 SH       SOLE                   609589
Merck & Co Inc                 Common StockUSD  58933Y105    98783  3020410 SH       SOLE    1             3020410
Meredith Corporation           Equity U.S. Equ  589433101      500    14433 SH       SOLE                    14433
MetLife Inc.                   Equity U.S. Equ  59156R108    21634   496144 SH       SOLE                   496144
MetLife Inc                    Common StockUSD  59156R108    47310  1689960 SH       SOLE    1             1689960
MetroPCS Communications, Inc.  Equity U.S. Equ  591708102      200    18979 SH       SOLE                    18979
Microsoft Corporation          Equity U.S. Equ  594918104    49650  1842027 SH       SOLE                  1842027
Microsoft Corp                 Common StockUSD  594918104    69744  2801534 SH       SOLE    1             2801534
Microchip Technology Inc.      Equity U.S. Equ  595017104      415    12691 SH       SOLE                    12691
Micron Technology Inc.         Equity U.S. Equ  595112103      399    62067 SH       SOLE                    62067
Mindray Medical Intl Limited   Equity Foreign   602675100      615    23300 SH       SOLE                    23300
Molson Coors Brewing Company   Equity U.S. Equ  60871R209    43415   866214 SH       SOLE                   866214
Molycorp Inc                   Common StockUSD  608753109     7269   221233 SH       SOLE                   221233
Molycorp Inc                   Common StockUSD  608753109    51137  1556432 SH       SOLE    1             1556432
Monsanto Company               Equity U.S. Equ  61166W101    48823   762381 SH       SOLE                   762381
Monsanto Co                    Common StockUSD  61166W101   106030  1766878 SH       SOLE    1             1766878
Moody's Corporation            Equity U.S. Equ  615369105      405    14169 SH       SOLE                    14169
Morgan Stanley                 Equity U.S. Equ  617446448     2030    98153 SH       SOLE                    98153
Mosaic Co/The                  Common StockUSD  61945C103      412     8420 SH       SOLE                     8420
Motorola Solutions Inc.        Equity U.S. Equ  620076307     1182    90704 SH       SOLE                    90704
Motorola Mobility Holdings Inc Common StockUSD  620097105      375     9912 SH       SOLE                     9912
Murphy Oil Corporation         Equity U.S. Equ  626717102      760    12705 SH       SOLE                    12705
Mylan Inc/PA                   Common StockUSD  628530107      547    28604 SH       SOLE                    28604
Nrg Energy Inc.                Equity U.S. Equ  629377508      343    16842 SH       SOLE                    16842
NYSE Euronext                  Equity U.S. Equ  629491101      461    17242 SH       SOLE                    17242
National Oilwell Varco, Inc.   Equity U.S. Equ  637071101     3422    62364 SH       SOLE                    62364
National Oilwell Varco Inc     Common StockUSD  637071101    46568   909267 SH       SOLE    1              909267
Nestle S.A.                    Equity Foreign   641069406     8605   146300 SH       SOLE                   146300
NetApp Inc                     Equity U.S. Equ  64110D104     1070    23927 SH       SOLE                    23927
Netflix Inc COM USD0.001       Common StockUSD  64110L106      454     3201 SH       SOLE                     3201
Netflix Inc COM USD0.001       Common StockUSD  64110L106      528     4660 SH       SOLE    1                4660
New York Community Bancorp Inc Equity U.S. Equ  649445103      579    36325 SH       SOLE                    36325
Newell Rubbermaid Inc          Common StockUSD  651229106      617    36665 SH       SOLE                    36665
Newfield Exploration Company   Equity U.S. Equ  651290108      503     8956 SH       SOLE                     8956
Newmont Mng Corp               Equity U.S. Equ  651639106     1996    32116 SH       SOLE                    32116
News Corporation Ltd, (The)    Equity U.S. Equ  65248E104    17273  1139407 SH       SOLE                  1139407
News Corp                      Common StockUSD  65248E104   131177  8471224 SH       SOLE    1             8471224
News Corp                      Common StockUSD  65248E203      307    19681 SH       SOLE                    19681
NextEra Energy Inc             Equity U.S. Equ  65339F101     3667    70005 SH       SOLE                    70005
NIKE Inc.                      Equity U.S. Equ  654106103     2535    29665 SH       SOLE                    29665
Nisource Inc                   Equity U.S. Equ  65473P105      329    17016 SH       SOLE                    17016
Noble Energy Inc.              Equity U.S. Equ  655044105     1384    17079 SH       SOLE                    17079
Nordstrom Inc                  Equity U.S. Equ  655664100      573    12960 SH       SOLE                    12960
Norfolk Southern Corporation   Equity U.S. Equ  655844108     1536    24803 SH       SOLE                    24803
Northeast Utilities            Equity U.S. Equ  664397106      392    11967 SH       SOLE                    11967
Northern Trust Corporation     Equity U.S. Equ  665859104     8255   152036 SH       SOLE                   152036
Northrop Grumman Corporation   Equity U.S. Equ  666807102     1101    18707 SH       SOLE                    18707
Novell Inc                     Equity U.S. Equ  670006105       71    11938 SH       SOLE                    11938
Nucor Corporation              Equity U.S. Equ  670346105      796    21033 SH       SOLE                    21033
NVIDIA Corporation             Equity U.S. Equ  67066G104    31017  2017784 SH       SOLE                  2017784
O'Reilly Automotive Inc        Common StockUSD  67103H107      310     4650 SH       SOLE                     4650
O'Reilly Automotive Inc        Common StockUSD  67103H107      421     6324 SH       SOLE    1                6324
Occidental Petroleum Corp      Equity U.S. Equ  674599105    49978   624767 SH       SOLE                   624767
Occidental Petroleum Corp      Common StockUSD  674599105   136151  1902484 SH       SOLE    1             1902484
Omnicom Group Inc.             Equity U.S. Equ  681919106    19741   432833 SH       SOLE                   432833
Omega Healthcare Investors Inc REITUSD.1        681936100      796    50000 SH       SOLE                    50000
ON Semiconductor Corp          Common StockUSD  682189105    22851  3184856 SH       SOLE                  3184856
ON Semiconductor Corp          Common StockUSD  682189105    74168 10336982 SH       SOLE    1            10336982
Oneok Inc                      Equity U.S. Equ  682680103      200     3611 SH       SOLE                     3611
OpenTable Inc                  Common StockUSD  68372A104     4643   100921 SH       SOLE                   100921
OpenTable Inc                  Common StockUSD  68372A104    16647   361859 SH       SOLE    1              361859
Oracle Corporation             Equity U.S. Equ  68389X105    30599  1009787 SH       SOLE                  1009787
Oracle Corp                    Common StockUSD  68389X105   149807  5211587 SH       SOLE    1             5211587
Orbital Sciences Corp          Common StockUSD  685564106     1034    80843 SH       SOLE                    80843
Orbital Sciences Corp          Common StockUSD  685564106    17856  1395541 SH       SOLE    1             1395541
O'Reilly Automotive Inc.       Equity U.S. Equ  686091109      286     4737 SH       SOLE                     4737
Ormat Technologies, Inc        Equity U.S. Equ  686688102      358    12100 SH       SOLE                    12100
Owens-Illinois Inc             Common StockUSD  690768403      244    10452 SH       SOLE                    10452
Pg&E Corporation               Equity U.S. Equ  69331C108     6218   131443 SH       SOLE                   131443
PNC Financial Services Group I Common StockUSD  693475105    11017   184929 SH       SOLE                   184929
Ppg Industries Inc             Equity U.S. Equ  693506107      835    10776 SH       SOLE                    10776
PPL Corporation                Equity U.S. Equ  69351T106      962    35000 SH       SOLE                    35000
PACCAR Inc.                    Equity U.S. Equ  693718108     1108    24145 SH       SOLE                    24145
Pall Corporation               Equity U.S. Equ  696429307      338     7296 SH       SOLE                     7296
Pampa Energia SA               Equity Foreign   697660207     2965   230327 SH       SOLE                                     230327
Parker Hannifin Corporation    Equity U.S. Equ  701094104      813    10876 SH       SOLE                    10876
Patterson Cos Inc              Common StockUSD  703395103     3084   100928 SH       SOLE                   100928
Paychex Inc.                   Equity U.S. Equ  704326107      662    23206 SH       SOLE                    23206
Peabody Energy Corporation     Equity U.S. Equ  704549104      879    17818 SH       SOLE                    17818
Penn National Gaming Inc       Common StockUSD  707569109    11235   337295 SH       SOLE                   337295
Penn National Gaming Inc       Common StockUSD  707569109    74632  2240540 SH       SOLE    1             2240540
JC Penney Co Inc               Common StockUSD  708160106      441    14804 SH       SOLE                    14804
People's United Financial Inc  Common StockUSD  712704105      288    22375 SH       SOLE                    22375
Pepco Holdings Inc             Equity U.S. Equ  713291102      280    15095 SH       SOLE                    15095
PepsiCo Inc/NC                 Common StockUSD  713448108    51052   799567 SH       SOLE                   799567
PepsiCo Inc/NC                 Common StockUSD  713448108   148017  2392187 SH       SOLE    1             2392187
Perfect World Co Ltd           ADRUSD           71372U104      333    29841 SH       SOLE    1               29841
Perrigo Co                     Common StockUSD  714290103      296     3050 SH       SOLE                     3050
Pfizer Inc.                    Equity U.S. Equ  717081103    98082  5574515 SH       SOLE                  5574515
Pfizer Inc                     Common StockUSD  717081103   213967 12098801 SH       SOLE    1            12098801
Philip Morris Intl. Inc.       Equity U.S. Equ  718172109    29017   492072 SH       SOLE                   492072
Pinnacle West Capital Corp     Common StockUSD  723484101      296     7015 SH       SOLE                     7015
Pioneer Natural Resources Co   Equity U.S. Equ  723787107      586     7647 SH       SOLE                     7647
Pitney Bowes Inc.              Equity U.S. Equ  724479100      269    12329 SH       SOLE                    12329
Plum Creek Timber Co Inc       REITUSD.01       729251108      379    10492 SH       SOLE                    10492
Polo Ralph Lauren Corporation  Equity U.S. Equ  731572103      243     2193 SH       SOLE                     2193
Polycom, Inc.                  Equity U.S. Equ  73172K104     5264   278878 SH       SOLE                   278878
Polycom Inc                    Common StockUSD  73172K104     4337   236030 SH       SOLE    1              236030
Popular Inc                    Common StockUSD  733174106       36    24145 SH       SOLE                    24145
Praxair Inc.                   Equity U.S. Equ  74005P104    20774   217807 SH       SOLE                   217807
Precision Castparts Corp       Equity U.S. Equ  740189105     4793    31353 SH       SOLE                    31353
Precision Castparts Corp       Common StockUSD  740189105   101669   654349 SH       SOLE    1              654349
T. Rowe Price Group Inc.       Equity U.S. Equ  74144T108      955    16922 SH       SOLE                    16922
priceline.com Inc              Common StockUSD  741503403     3981     9044 SH       SOLE                     9044
priceline.com Inc              Common StockUSD  741503403    14467    32191 SH       SOLE    1               32191
Principal Financial Group Inc  Common StockUSD  74251V102      591    21308 SH       SOLE                    21308
Procter & Gamble Company, The  Equity U.S. Equ  742718109    58972   923210 SH       SOLE                   923210
Procter & Gamble Co/The        Common StockUSD  742718109   132567  2097746 SH       SOLE    1             2097746
Progress Energy, Inc.          Equity U.S. Equ  743263105      920    19370 SH       SOLE                    19370
Progressive Corporation        Equity U.S. Equ  743315103      835    44320 SH       SOLE                    44320
ProLogis Inc                   REITUSD.01       74340W103     7712   317942 SH       SOLE                   317942
ProLogis                       Equity U.S. Equ  743410102      279    19322 SH       SOLE                    19322
Protective Life Corp           Equity U.S. Equ  743674103      266    10000 SH       SOLE                    10000
Prudential Financial Inc.      Equity U.S. Equ  744320102     1697    32039 SH       SOLE                    32039
Public Service Enterprise Grou Common StockUSD  744573106     1091    33506 SH       SOLE                    33506
Public Storage                 REITUSD.1        74460D109     4620    41955 SH       SOLE                    41955
Pulte Group Inc.               Equity U.S. Equ  745867101      125    21236 SH       SOLE                    21236
QEP Resources Inc.             Equity U.S. Equ  74733V100      382    12093 SH       SOLE                    12093
QUALCOMM Incorporated          Equity U.S. Equ  747525103    34168   699418 SH       SOLE                   699418
QUALCOMM Inc                   Common StockUSD  747525103   149549  3074296 SH       SOLE    1             3074296
Quest Diagnostics Incorporated Equity U.S. Equ  74834L100      998    18946 SH       SOLE                    18946
Qwest Communications Intl Inc. Equity U.S. Equ  749121109      450    59176 SH       SOLE                    59176
Ralph Lauren Corp              Common StockUSD  751212101      298     2300 SH       SOLE                     2300
Range Resources Corporation    Equity U.S. Equ  75281A109     8174   141121 SH       SOLE                   141121
Range Resources Corp           Common StockUSD  75281A109    22032   376975 SH       SOLE    1              376975
Raymond  James Financial Inc.  Equity U.S. Equ  754730109     4670   142800 SH       SOLE                   142800
Raytheon Company               Equity U.S. Equ  755111507     1045    23913 SH       SOLE                    23913
RealD Inc                      Common StockUSD  75604L105     3368   361137 SH       SOLE                   361137
RealD Inc                      Common StockUSD  75604L105     1974   211652 SH       SOLE    1              211652
Red Hat Inc                    Equity U.S. Equ  756577102      504    11418 SH       SOLE                    11418
Regions Financial Corporation  Equity U.S. Equ  7591EP100      438    84447 SH       SOLE                    84447
Republic Services Inc          Equity U.S. Equ  760759100      663    22938 SH       SOLE                    22938
Reynolds American Inc.         Equity U.S. Equ  761713106      891    25237 SH       SOLE                    25237
Robert Half International Inc. Equity U.S. Equ  770323103      243     9214 SH       SOLE                     9214
Roche Holdings AG              Equity Foreign   771195104    15968   435700 SH       SOLE                   435700
Rockwell Automation Inc        Common StockUSD  773903109     8184   115137 SH       SOLE                   115137
Rockwell Collins Inc.          Equity U.S. Equ  774341101      566    10172 SH       SOLE                    10172
Roper Industries Inc.          Equity U.S. Equ  776696106      750    10115 SH       SOLE                    10115
Ross Stores Inc.               Equity U.S. Equ  778296103      566     7996 SH       SOLE                     7996
Rowan Cos Inc                  Common StockUSD  779382100      283     8705 SH       SOLE                     8705
Royal Dutch Shell PLC          Equity Foreign   780259206      437     6540 SH       SOLE                     6540
SAIC Inc                       Equity U.S. Equ  78390X101      276    19970 SH       SOLE                    19970
SL Green Realty                REITUSD.01       78440X101    10003   172239 SH       SOLE                   172239
SLM Corporation                Equity U.S. Equ  78442P106      422    33651 SH       SOLE                    33651
SPDR S&P 500 ETF Trust         Equity U.S. Equ  78462F103   131609  1047971 SH       SOLE                  1047971
SPX Corp                       Equity U.S. Equ  784635104     7429   104516 SH       SOLE                   104516
Safeway Inc.                   Equity U.S. Equ  786514208      497    25437 SH       SOLE                    25437
St. Jude Medical, Inc.         Equity U.S. Equ  790849103      894    22591 SH       SOLE                    22591
Salesforce.com Inc             Equity U.S. Equ  79466L302      901     7264 SH       SOLE                     7264
Sandisk Corp.                  Equity U.S. Equ  80004C101      715    15837 SH       SOLE                    15837
Sara Lee Corporation           Equity U.S. Equ  803111103      706    41640 SH       SOLE                    41640
SAVVIS Inc                     Equity U.S. Equ  805423308      319    12500 SH       SOLE                    12500
SCANA Corp                     Equity U.S. Equ  80589M102      330     8148 SH       SOLE                     8148
Schlumberger Ltd               Common StockUSD  806857108    35416   463162 SH       SOLE                   463162
Schlumberger Ltd               Common StockUSD  806857108   135879  2274318 SH       SOLE    1             2274318
Charles Schwab Corporation The Equity U.S. Equ  808513105    12671   813778 SH       SOLE                   813778
Charles Schwab Corp/The        Common StockUSD  808513105     3483   308922 SH       SOLE    1              308922
Scripps Networks Interactive I Common StockUSD  811065101      557    11609 SH       SOLE                    11609
Sealed Air Corporation         Equity U.S. Equ  81211K100      235    11225 SH       SOLE                    11225
Utilities Select Sector SPDR   Equity U.S. Equ  81369Y886     8468   270100 SH       SOLE                                     270100
Sempra Energy                  Equity U.S. Equ  816851109      837    16096 SH       SOLE                    16096
7 Days Group Holdings Ltd      ADRUSD           81783J101      818    64400 SH       SOLE    1               64400
Sherwin-Williams Co/The        Common StockUSD  824348106      492     6223 SH       SOLE                     6223
Siemens AG                     Equity Foreign   826197501    21222   170800 SH       SOLE                   170800
Sigma-Aldrich Corp             Common StockUSD  826552101      895    13722 SH       SOLE                    13722
Simon Property Group, Inc.     Equity U.S. Equ  828806109    33490   305439 SH       SOLE                   305439
Sirius XM Radio Inc            Common StockUSD  82967N108      197   130907 SH       SOLE                   130907
JM Smucker Co/The              Common StockUSD  832696405      536     7753 SH       SOLE                     7753
Sony Corporation               Equity Foreign   835699307     4260   119300 SH       SOLE                   119300
Sotheby's                      Common StockUSD  835898107    11181   405638 SH       SOLE                   405638
Sotheby's                      Common StockUSD  835898107    41365  1500629 SH       SOLE    1             1500629
Southern Company               Equity U.S. Equ  842587107     2228    55364 SH       SOLE                    55364
Southern Copper Corp           Common StockUSD  84265V105      210     8410 SH       SOLE                     8410
Southwest Airlines Co.         Equity U.S. Equ  844741108      528    50097 SH       SOLE                    50097
Southwestern Energy Company    Equity U.S. Equ  845467109     5257   141675 SH       SOLE                   141675
Spectra Energy Corporation     Equity U.S. Equ  847560109     1329    53562 SH       SOLE                    53562
Sprint Nextel Corporation      Equity U.S. Equ  852061100     4525  1446510 SH       SOLE                  1446510
Sprint Nextel Corp             Common StockUSD  852061100    77720 25523944 SH       SOLE    1            25523944
Stanley Black & Decker Inc.    Equity U.S. Equ  854502101     1835    28898 SH       SOLE                    28898
Staples Inc                    Equity U.S. Equ  855030102    16171   720035 SH       SOLE                   720035
Starbucks Corp                 Equity U.S. Equ  855244109     1701    49087 SH       SOLE                    49087
Starwood Hotels & Resorts Worl Common StockUSD  85590A401      643    64855 SH       SOLE                    64855
State Street Corporation       Equity U.S. Equ  857477103     1304    33033 SH       SOLE                    33033
Statoil A.S.A.                 Equity Foreign   85771P102     7782   327400 SH       SOLE                   327400
Stericycle Inc                 Equity U.S. Equ  858912108      861    10654 SH       SOLE                    10654
Stryker Corporation            Equity U.S. Equ  863667101     1065    20971 SH       SOLE                    20971
Sunoco, Inc.                   Equity U.S. Equ  86764P109      309     8734 SH       SOLE                     8734
Suntrust Banks Inc             Equity U.S. Equ  867914103      790    33126 SH       SOLE                    33126
Supervalu Inc                  Equity U.S. Equ  868536103      104    12421 SH       SOLE                    12421
Symantec Corporation           Equity U.S. Equ  871503108      853    51604 SH       SOLE                    51604
Sysco Corporation              Equity U.S. Equ  871829107     4988   171939 SH       SOLE                   171939
TD Ameritrade Holding Corp     Equity U.S. Equ  87236Y108     1674   108914 SH       SOLE                   108914
TECO Energy, Inc.              Equity U.S. Equ  872375100      244    13962 SH       SOLE                    13962
TJX Cos Inc                    Common StockUSD  872540109     1305    26205 SH       SOLE                    26205
TJX Cos Inc                    Common StockUSD  872540109    35869   646524 SH       SOLE    1              646524
Tanger Factory Outlet Centers  REITUSD.01       875465106     2354    90444 SH       SOLE                    90444
Target Corporation             Equity U.S. Equ  87612E106     6177   120528 SH       SOLE                   120528
Target Corp                    Common StockUSD  87612E106    94126  1919768 SH       SOLE    1             1919768
Taubman Centers Inc            REITUSD.01       876664103     5914   117700 SH       SOLE                   117700
Telefonica S.A.                Equity Foreign   879382208     7081   103500 SH       SOLE                   103500
Telephone and Data Systems     Equity U.S. Equ  879433100      939    26264 SH       SOLE                    26264
Tellabs Inc.                   Equity U.S. Equ  879664100       85    12527 SH       SOLE                    12527
Tenet Healthcare Corporation   Equity U.S. Equ  88033G100      110    16487 SH       SOLE                    16487
Teradata Corp                  Common StockUSD  88076W103      532    11249 SH       SOLE                    11249
Tesco PLC                      Equity Foreign   881575302     5671   281000 SH       SOLE                   281000
Teva Pharmaceutical Industries ADRUSD           881624209      588    15800 SH       SOLE                    15800
Texas Instruments Incorporated Equity U.S. Equ  882508104     9691   304952 SH       SOLE                   304952
Textron Inc                    Equity U.S. Equ  883203101      356    16979 SH       SOLE                    16979
Thermo Fisher Scientific Inc   Equity U.S. Equ  883556102     5100    93183 SH       SOLE                    93183
Thoratec Corp                  Equity U.S. Equ  885175307      241     8500 SH       SOLE                     8500
3M Company                     Equity U.S. Equ  88579Y101     4838    59962 SH       SOLE                    59962
Tiffany & Co                   Equity U.S. Equ  886547108      529     8603 SH       SOLE                     8603
Time Warner Inc.               Equity U.S. Equ  887317303     2228    71572 SH       SOLE                    71572
Time Warner Cable Inc          Common StockUSD  88732J207    24429   384011 SH       SOLE                   384011
Torchmark Corporation          Equity U.S. Equ  891027104      282     6165 SH       SOLE                     6165
Total S.A.                     Equity Foreign   89151E109     2535    47400 SH       SOLE                    47400
Total Systems Services Inc     Equity U.S. Equ  891906109      192    11851 SH       SOLE                    11851
Toyota Motor Corporation       Equity Foreign   892331307     3869    49200 SH       SOLE                    49200
Travelers Cos Inc/The          Common StockUSD  89417E109     1543    29434 SH       SOLE                    29434
Tupperware Brands Corp         Common StockUSD  899896104     2402    44681 SH       SOLE                    44681
Tupperware Brands Corp         Common StockUSD  899896104    41502   771918 SH       SOLE    1              771918
Turkcell Iletisim Hizmet       Equity Foreign   900111204     2283   133304 SH       SOLE                   133304
Tyson Foods, Inc.              Equity U.S. Equ  902494103      354    20463 SH       SOLE                    20463
UDR Inc                        REITUSD.01       902653104      818    36907 SH       SOLE                    36907
US Bancorp                     Common StockUSD  902973304    18989   711838 SH       SOLE                   711838
Union Pacific Corp             Common StockUSD  907818108     2856    32695 SH       SOLE                    32695
United Continental Holdings In Common StockUSD  910047109     1700    87732 SH       SOLE                    87732
United Continental Holdings In Common StockUSD  910047109    17694   913227 SH       SOLE    1              913227
United Parcel Service, Inc.    Equity U.S. Equ  911312106    21640   301235 SH       SOLE                   301235
United Parcel Service Inc      Common StockUSD  911312106     3459    54795 SH       SOLE    1               54795
United States Steel Corp       Equity U.S. Equ  912909108      390     9634 SH       SOLE                     9634
United States Steel Corp       Common StockUSD  912909108     1408    63946 SH       SOLE    1               63946
United Technologies Corp.      Equity U.S. Equ  913017109    33936   434258 SH       SOLE                   434258
UnitedHealth Group Inc         Common StockUSD  91324P102     8275   187663 SH       SOLE                   187663
UnitedHealth Group Inc         Common StockUSD  91324P102   111075  2410746 SH       SOLE    1             2410746
Unum Group                     Equity U.S. Equ  91529Y106      480    21220 SH       SOLE                    21220
Urban Outfitters Inc.          Equity U.S. Equ  917047102    17720   791481 SH       SOLE                   791481
Urban Outfitters Inc           Common StockUSD  917047102    59221  2653856 SH       SOLE    1             2653856
VF Corp                        Common StockUSD  918204108    10647    96990 SH       SOLE                    96990
Valero Energy Corporation      Equity U.S. Equ  91913Y100      769    37463 SH       SOLE                    37463
Valspar Corporation            Equity U.S. Equ  920355104      802    23258 SH       SOLE                    23258
Varian Medical Systems, Inc.   Equity U.S. Equ  92220P105      482     7909 SH       SOLE                     7909
Ventas Inc                     REITUSD.25       92276F100     2450    49230 SH       SOLE                    49230
VeriSign Inc.                  Equity U.S. Equ  92343E102      349    11364 SH       SOLE                    11364
Verizon Communications Inc.    Equity U.S. Equ  92343V104    22398   623352 SH       SOLE                   623352
Verisk Analytics Inc           Equity U.S. Equ  92345Y106      310     9090 SH       SOLE                     9090
Vertex Pharmaceuticals Inc     Equity U.S. Equ  92532F100      606    15550 SH       SOLE                    15550
Viacom Inc.                    Equity U.S. Equ  92553P201     1490    38012 SH       SOLE                    38012
Virgin Media Inc               Common StockUSD  92769L101    25010  1026891 SH       SOLE                  1026891
Visa Inc                       Equity U.S. Equ  92826C839    31612   371831 SH       SOLE                   371831
Visa Inc                       Common StockUSD  92826C839   101047  1179079 SH       SOLE    1             1179079
VMware Inc                     Common StockUSD  928563402      233     2900 SH       SOLE                     2900
Vodafone Group PLC             Equity Foreign   92857W209     4204   159000 SH       SOLE                   159000
Vornado Realty Trust           REITUSD.04       929042109    12729   169909 SH       SOLE                   169909
Vulcan Matls Co                Equity U.S. Equ  929160109      298     8171 SH       SOLE                     8171
Wal-Mart Stores Inc.           Equity U.S. Equ  931142103     7982   151205 SH       SOLE                   151205
Walgreen Co.                   Equity U.S. Equ  931422109    10754   280647 SH       SOLE                   280647
Walter Energy Inc              Common StockUSD  93317Q105     7364   122720 SH       SOLE                   122720
Walter Energy                  Common StockUSD  93317Q105    49563   825977 SH       SOLE    1              825977
Washington Post Co/The         Common StockUSD  939640108      238      554 SH       SOLE                      554
Waste Mgmt Inc                 Equity U.S. Equ  94106L109     1097    31564 SH       SOLE                    31564
Waters Corporation             Equity U.S. Equ  941848103      450     5857 SH       SOLE                     5857
Watson Pharmaceuticals Inc     Common StockUSD  942683103      432     7351 SH       SOLE                     7351
Webster Financial Corp         Equity U.S. Equ  947890109      309    15700 SH       SOLE                    15700
WellPoint, Inc.                Equity U.S. Equ  94973V107     4053    63802 SH       SOLE                    63802
WellPoint Inc                  Common StockUSD  94973V107    76621  1173729 SH       SOLE    1             1173729
Wells Fargo & Company          Equity U.S. Equ  949746101    70658  2629317 SH       SOLE                  2629317
Wells Fargo & Co               Common StockUSD  949746101   151131  6264488 SH       SOLE    1             6264488
Wendy's Co/The                 Common StockUSD  95058W100       52    11184 SH       SOLE                    11184
Wesco Aircraft Holdings Inc    Common StockUSD  950814103     1684   154232 SH       SOLE                   154232
Wesco Aircraft Holdings Inc    Common StockUSD  950814103     8553   783212 SH       SOLE    1              783212
Wesco International Inc        Equity U.S. Equ  95082P105    31495   596500 SH       SOLE                                     596500
Western Digital Corporation    Equity U.S. Equ  958102105      467    15702 SH       SOLE                    15702
Western Union Co/The           Common StockUSD  959802109     1069    61203 SH       SOLE                    61203
Weyerhaeuser Company           Equity U.S. Equ  962166104      619    35893 SH       SOLE                    35893
Whirlpool Corp                 Equity U.S. Equ  963320106      359     5179 SH       SOLE                     5179
Whole Foods Market Inc         Equity U.S. Equ  966837106      632    10810 SH       SOLE                    10810
Williams Cos Inc/The           Common StockUSD  969457100      951    38789 SH       SOLE                    38789
Windstream Corp                Equity U.S. Equ  97381W104      432    33825 SH       SOLE                    33825
Wisconsin Energy Corporation   Equity U.S. Equ  976657106     4985    88322 SH       SOLE                    88322
Wyndham Worldwide Corporation  Equity U.S. Equ  98310W108      327    11157 SH       SOLE                    11157
Wynn Resorts, Limited          Equity U.S. Equ  983134107      622     5657 SH       SOLE                     5657
Xcel Energy Inc.               Equity U.S. Equ  98389B100     3069   129561 SH       SOLE                   129561
Xilinx Inc.                    Equity U.S. Equ  983919101      492    17432 SH       SOLE                    17432
Xerox Corporation              Equity U.S. Equ  984121103      860    92583 SH       SOLE                    92583
YPF SA                         ADRUSD           984245100     8098   236623 SH       SOLE                                     236623
Yahoo! Inc                     Common StockUSD  984332106     1292    86521 SH       SOLE                    86521
Yum! Brands Inc                Common StockUSD  988498101     1525    30984 SH       SOLE                    30984
Zimmer Holdings Inc.           Equity U.S. Equ  98956P102     1204    22457 SH       SOLE                    22457
Zions Bancorporation           Equity U.S. Equ  989701107      222    11464 SH       SOLE                    11464
Zurich Financial Services AG   Equity Foreign   98982M107    23458   906050 SH       SOLE                   906050
Daimler AG                     Equity Foreign   D1668R123     3791    56100 SH       SOLE                    56100
Arch Capital Group Ltd         Common StockUSD  G0450A105    26411   808279 SH       SOLE                   808279
Arch Capital Group Ltd         Common StockUSD  G0450A105    54633  1671998 SH       SOLE    1             1671998
Accenture PLC                  Common StockUSD  G1151C101     1102    20917 SH       SOLE                    20917
Bunge Ltd                      Common StockUSD  G16962105    27641   473963 SH       SOLE                   473963
Bunge Ltd                      Common StockUSD  G16962105    41827   717687 SH       SOLE    1              717687
Cooper Industries plc          Equity Foreign   G24140108     5323    92442 SH       SOLE                    92442
Covidien PLC                   Common StockUSD  G2554F113      696    15773 SH       SOLE                    15773
Ingersoll-Rand plc             Equity Foreign   G47791101    14872   464145 SH       SOLE                   464145
Ingersoll-Rand PLC             Common StockUSD  G47791101    57481  2046693 SH       SOLE    1             2046693
Invesco Ltd                    Common StockUSD  G491BT108      607    30440 SH       SOLE                    30440
Lazard Ltd                     Ltd PartUSD.01   G54050102    14093   666796 SH       SOLE                   666796
Lazard Ltd                     Ltd PartUSD.01   G54050102    49034  2320041 SH       SOLE    1             2320041
Warner Chilcott PLC            Equity Foreign   G94368100      271    12900 SH       SOLE                    12900
ACE Ltd                        Common StockCHF  H0023R105     4499    73927 SH       SOLE                    73927
ACE Ltd                        Common StockCHF  H0023R105    73172  1207353 SH       SOLE    1             1207353
Transocean Ltd                 Equity Foreign   H8817H100      221     3175 SH       SOLE                     3175
Transocean Ltd/Switzerland     Common StockCHF  H8817H100    10682   223800 SH       SOLE    1              223800
Tyco International Ltd.        Equity Foreign   H89128104      688    16603 SH       SOLE                    16603
ASML Holding N.V.              Equity Foreign   N07059186     3976   103700 SH       SOLE                   103700
Flextronics International Ltd  Common StockUSD  Y2573F102      127    22636 SH       SOLE                    22636