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
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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
A T & T COM 00206R102 1,616 45,715 SH   SOLE   45,715 0 0
Abbott Laboratories COM 002824100 1,458 35,640 SH   SOLE   35,640 0 0
Amgen Inc. COM 031162100 1,710 14,445 SH   SOLE   14,445 0 0
Apple Inc. COM 037833100 3,853 41,462 SH   SOLE   41,462 0 0
BCE, Inc. COM 05534B760 2,272 50,095 SH   SOLE   50,095 0 0
CSX Corp COM 126408103 2,152 69,850 SH   SOLE   69,850 0 0
Chevron Corp. COM 166764100 2,663 20,398 SH   SOLE   20,398 0 0
Cisco Systems, Inc. COM 17275R102 2,370 95,390 SH   SOLE   95,390 0 0
Coca-Cola COM 191216100 2,585 61,030 SH   SOLE   61,030 0 0
Coeur d'Alene Mines Corp. COM 192108504 1,055 114,880 SH   SOLE   114,880 0 0
ConocoPhillips COM 20825C104 2,578 30,070 SH   SOLE   30,070 0 0
EMC Corporation COM 268648102 1,612 61,185 SH   SOLE   61,185 0 0
Emerson Electric Co. COM 291011104 2,018 30,405 SH   SOLE   30,405 0 0
Ensco PLC COM G3157S106 2,260 40,670 SH   SOLE   40,670 0 0
Ericsson COM 294821608 853 70,595 SH   SOLE   70,595 0 0
Financial Select Sector SPDR F COM 81369Y605 7,860 345,645 SH   SOLE   345,645 0 0
Freeport-McMoRan Copper & Gold COM 35671D857 1,844 50,510 SH   SOLE   50,510 0 0
General Electric COM 369604103 4,076 155,115 SH   SOLE   155,115 0 0
Intel Corp. COM 458140100 2,284 73,930 SH   SOLE   73,930 0 0
International Business Machine COM 459200101 869 4,795 SH   SOLE   4,795 0 0
Johnson & Johnson COM 478160104 2,400 22,940 SH   SOLE   22,940 0 0
Key Corp. COM 493267108 1,876 130,940 SH   SOLE   130,940 0 0
Merck & Co. Inc. COM 58933y105 2,568 44,395 SH   SOLE   44,395 0 0
Microsoft Corp. COM 594918104 2,811 67,400 SH   SOLE   67,400 0 0
Noble Corp. COM G65431101 1,301 38,755 SH   SOLE   38,755 0 0
Occidental Petroleum Corporati COM 674599105 2,664 25,960 SH   SOLE   25,960 0 0
Pfizer Inc. COM 717081103 2,498 84,155 SH   SOLE   84,155 0 0
Procter & Gamble Co. COM 742718109 2,439 31,030 SH   SOLE   31,030 0 0
Qualcomm Incorporated COM 747525103 1,603 20,245 SH   SOLE   20,245 0 0
SPDR Homebuilders COM 78464A888 2,593 79,190 SH   SOLE   79,190 0 0
Starbucks Corp. COM 855244109 2,131 27,540 SH   SOLE   27,540 0 0
Wal-Mart Stores Inc. COM 931142103 2,675 35,635 SH   SOLE   35,635 0 0
Waste Management Inc. (New) COM 94106L109 1,911 42,725 SH   SOLE   42,725 0 0
iShares Dow Jones Select Divid COM 464287168 11,140 144,710 SH   SOLE   144,710 0 0
iShares Russell 2000 Index COM 464287655 933 7,850 SH   SOLE   7,850 0 0
SPDR MSCI ACWI ex-US ETF COM 78463X848 519 14,000 SH   SOLE   14,000 0 0
iShares MSCI ACWI ex US Index COM 464288240 252 5,255 SH   SOLE   5,255 0 0
BlackRock Build America Bond T COM 09248X100 4,157 191,585 SH   SOLE   191,585 0 0
Guggenheim Multi-Asset Income COM 18383M506 11,611 444,180 SH   SOLE   444,180 0 0
Utilities Select Sector SPDR F COM 81369Y886 5,745 129,795 SH   SOLE   129,795 0 0
iShares U.S. Preferred Stock I COM 464288687 3,679 92,185 SH   SOLE   92,185 0 0
iShares iBoxx Investment Grade ETF 464287242 11,853 99,388 SH   SOLE   99,388 0 0
ProShares UltraShort 20+ Year ETF 74347B201 304 5,000 SH   SOLE   5,000 0 0
ALPS Alerian MLP ETF UT LTD PARTNER 00162Q866 4,638 244,115 SH   SOLE   244,115 0 0