<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>3M Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>88579y101</cusip>
			<value>447</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3746</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3746</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbott Laboratories</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>75</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2250</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2250</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Abbvie Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287y109</cusip>
			<value>81</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1800</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Accenture Ltd Bermuda Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>g1151c101</cusip>
			<value>1105</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>15000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Access Midstream Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>00434l109</cusip>
			<value>266</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ace Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>h0023r105</cusip>
			<value>47</value>
			<shrsOrPrnAmt>
				<sshPrnamt>500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Advisory Board Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00762w107</cusip>
			<value>1784</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>30000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Aetna Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00817y108</cusip>
			<value>128</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Aflac Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001055102</cusip>
			<value>992</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>16000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AGL Resources Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001204106</cusip>
			<value>2004</value>
			<shrsOrPrnAmt>
				<sshPrnamt>43535</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>43535</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Air Prods &amp; Chems Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009158106</cusip>
			<value>213</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Allstate Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>020002101</cusip>
			<value>809</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>16000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Alps Alerian Mlp Etf</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>00162q866</cusip>
			<value>223</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12684</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>12684</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Altera Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>021441100</cusip>
			<value>111</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2990</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2990</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Altria Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02209s103</cusip>
			<value>3309</value>
			<shrsOrPrnAmt>
				<sshPrnamt>96335</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>96335</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Amazon.com Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>320</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1023</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1023</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>American Electric Power Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025537101</cusip>
			<value>8430</value>
			<shrsOrPrnAmt>
				<sshPrnamt>194455</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>194455</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>American Express Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025816109</cusip>
			<value>982</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>13000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>American Tower REIT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>03027x100</cusip>
			<value>185</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AON PLC Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>g0408v102</cusip>
			<value>51</value>
			<shrsOrPrnAmt>
				<sshPrnamt>682</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>682</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Apache Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037411105</cusip>
			<value>34</value>
			<shrsOrPrnAmt>
				<sshPrnamt>400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>400</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Apple Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>3511</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7365</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7365</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Applied Materials Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>038222105</cusip>
			<value>13</value>
			<shrsOrPrnAmt>
				<sshPrnamt>725</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>725</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AT&amp;T Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00206r102</cusip>
			<value>11597</value>
			<shrsOrPrnAmt>
				<sshPrnamt>342908</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>342908</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Automatic Data Processing Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>053015103</cusip>
			<value>123</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1700</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bank of America Corporation</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>060505104</cusip>
			<value>776</value>
			<shrsOrPrnAmt>
				<sshPrnamt>56255</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>56255</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bard C R Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>067383109</cusip>
			<value>1313</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11400</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Baxter Intl Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>071813109</cusip>
			<value>505</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7694</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7694</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BCE Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>05534b760</cusip>
			<value>3467</value>
			<shrsOrPrnAmt>
				<sshPrnamt>81188</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>81188</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Becton Dickinson &amp; Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>075887109</cusip>
			<value>160</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1600</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Beehive Intl Paired</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>077022200</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bemis Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>081437105</cusip>
			<value>429</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Black Hills Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>092113109</cusip>
			<value>223</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4475</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4475</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Boeing Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>097023105</cusip>
			<value>5189</value>
			<shrsOrPrnAmt>
				<sshPrnamt>44159</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>44159</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Boston Scientific Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101137107</cusip>
			<value>306496</value>
			<shrsOrPrnAmt>
				<sshPrnamt>26107</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>306496</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Boston Scientific Corp Restric</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>101137966</cusip>
			<value>84336</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7226725</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7226725</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BP Plc Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>055622104</cusip>
			<value>4460</value>
			<shrsOrPrnAmt>
				<sshPrnamt>106114</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>106114</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Breitburn Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>106776107</cusip>
			<value>747</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40728</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>40728</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Bristol-Myers Squibb Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>110122108</cusip>
			<value>6483</value>
			<shrsOrPrnAmt>
				<sshPrnamt>140087</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>140087</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Broadcom Corp Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>111320107</cusip>
			<value>26</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Broadridge Financial Solutions</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>11133t103</cusip>
			<value>4</value>
			<shrsOrPrnAmt>
				<sshPrnamt>127</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>127</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Brookfield Infrastucture Partn</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>g16252101</cusip>
			<value>86</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2258</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2258</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Buckeye Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>118230101</cusip>
			<value>9421</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143761</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>143761</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cardinal Health Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>14149y108</cusip>
			<value>34</value>
			<shrsOrPrnAmt>
				<sshPrnamt>644</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>644</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Caterpillar Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>149123101</cusip>
			<value>770</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9233</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9233</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Celgene Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>151020104</cusip>
			<value>37</value>
			<shrsOrPrnAmt>
				<sshPrnamt>238</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>238</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Centurylink Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>156700106</cusip>
			<value>1980</value>
			<shrsOrPrnAmt>
				<sshPrnamt>63096</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>63096</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chesapeake Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>165167107</cusip>
			<value>863</value>
			<shrsOrPrnAmt>
				<sshPrnamt>33360</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>33360</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chevron Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>166764100</cusip>
			<value>7620</value>
			<shrsOrPrnAmt>
				<sshPrnamt>62716</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>62716</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chipotle Mexican Grill Inc Cl</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>169656105</cusip>
			<value>1629</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3800</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chubb Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>171232101</cusip>
			<value>179</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Church &amp; Dwight Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>171340102</cusip>
			<value>240</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cincinnati Financial Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>172062101</cusip>
			<value>956</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20263</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20263</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cisco Systems Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>17275r102</cusip>
			<value>942</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>40200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Citadel Broadcasting Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>17285t106</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>414</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>414</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Citigroup Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>172967424</cusip>
			<value>49</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Coca-Cola Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>191216100</cusip>
			<value>305</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8050</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>8050</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Colgate Palmolive Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>194162103</cusip>
			<value>130</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Comcast Corp Cl A Spl</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20030n200</cusip>
			<value>153</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3540</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3540</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Compania de Minas Buenaventura</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>204448104</cusip>
			<value>13</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1092</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1092</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ConocoPhillips</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20825c104</cusip>
			<value>5332</value>
			<shrsOrPrnAmt>
				<sshPrnamt>76713</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>76713</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Costco Wholesale Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>22160k105</cusip>
			<value>1694</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14710</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>14710</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CPFL Energia SA Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>126153105</cusip>
			<value>599</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34714</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>34714</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Crosstex Energy LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>22765u102</cusip>
			<value>111</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5563</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5563</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CST Brands Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>12646r105</cusip>
			<value>68</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2277</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2277</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Curis Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>231269101</cusip>
			<value>187</value>
			<shrsOrPrnAmt>
				<sshPrnamt>42000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>42000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CVS Caremark Corporation</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126650100</cusip>
			<value>1096</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19311</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>19311</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Deutsche Bank AG Namen AKT</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>d18190898</cusip>
			<value>596</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>13000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Devon Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25179m103</cusip>
			<value>760</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13160</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>13160</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Diamond Foods Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>252603105</cusip>
			<value>47</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Disney Walt Co Disney</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>254687106</cusip>
			<value>1483</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>23000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dominion Resources Inc VA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25746u109</cusip>
			<value>12</value>
			<shrsOrPrnAmt>
				<sshPrnamt>198</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>198</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Douglas Emmett Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25960p109</cusip>
			<value>507</value>
			<shrsOrPrnAmt>
				<sshPrnamt>21608</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>21608</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dover Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>260003108</cusip>
			<value>108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Dow Chemical Company</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>260543103</cusip>
			<value>1219</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31745</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>31745</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Duke Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26441c204</cusip>
			<value>5890</value>
			<shrsOrPrnAmt>
				<sshPrnamt>88201</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>88201</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Duke Realty Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>264411505</cusip>
			<value>1145</value>
			<shrsOrPrnAmt>
				<sshPrnamt>74127</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>74127</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Eagle Rock Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>26985r104</cusip>
			<value>139</value>
			<shrsOrPrnAmt>
				<sshPrnamt>19548</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>19548</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ECA Marcellus Tr I Unit</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>26827l109</cusip>
			<value>153</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16343</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>16343</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>El Paso Pipeline Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>283702108</cusip>
			<value>3463</value>
			<shrsOrPrnAmt>
				<sshPrnamt>82026</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>82026</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EMC Corp MA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648102</cusip>
			<value>157</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6130</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>6130</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Emerge Interactive Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29088w301</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>66</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>66</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Emerson Electric Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>291011104</cusip>
			<value>225</value>
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				<sshPrnamt>3471</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3471</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Enbridge Energy Management LLC</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>29250x103</cusip>
			<value>13973</value>
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				<sshPrnamt>485522</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>485522</Shared>
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			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Encana Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>292505104</cusip>
			<value>278</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16048</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>16048</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Energen Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29265n108</cusip>
			<value>122</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1600</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1600</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Energy Fuels Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>292671104</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>66</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>66</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Energy Transfer Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>29273r109</cusip>
			<value>5101</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>97958</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Enterprise Products Partners L</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>293792107</cusip>
			<value>24889</value>
			<shrsOrPrnAmt>
				<sshPrnamt>407755</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>407755</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EOG Resources Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26875p101</cusip>
			<value>73</value>
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				<sshPrnamt>432</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>432</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EQT Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26884l109</cusip>
			<value>627</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7063</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7063</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Equinix Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29444u502</cusip>
			<value>367</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EV Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>26926v107</cusip>
			<value>645</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17386</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>17386</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>EXCO Resources Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>269279402</cusip>
			<value>83</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12381</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>12381</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exelon Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30161n101</cusip>
			<value>1577</value>
			<shrsOrPrnAmt>
				<sshPrnamt>53196</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>53196</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exxon Mobil Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30231g102</cusip>
			<value>2532</value>
			<shrsOrPrnAmt>
				<sshPrnamt>29432</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>29432</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>F5 Networks Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>315616102</cusip>
			<value>86</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1000</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>FedEx Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>31428x106</cusip>
			<value>545</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4775</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4775</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Fifth Third Bancorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>316773100</cusip>
			<value>86</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4778</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4778</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Finova Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>317928109</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>100</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>FirstEnergy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>337932107</cusip>
			<value>1975</value>
			<shrsOrPrnAmt>
				<sshPrnamt>54173</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>54173</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Fluor Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>343412102</cusip>
			<value>795</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ford Motor Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>345370860</cusip>
			<value>7</value>
			<shrsOrPrnAmt>
				<sshPrnamt>425</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>425</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Fortinet Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>34959e109</cusip>
			<value>91</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Franklin Street Properties Cor</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>35471r106</cusip>
			<value>846</value>
			<shrsOrPrnAmt>
				<sshPrnamt>66425</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>66425</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Freeport-McMoran Copper &amp; Gold</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>35671d857</cusip>
			<value>622</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18804</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>18804</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Frontier Communications Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>35906a108</cusip>
			<value>4</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1056</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1056</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Gallagher Arthur J &amp; Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>363576109</cusip>
			<value>1245</value>
			<shrsOrPrnAmt>
				<sshPrnamt>28532</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>28532</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Gartner Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>366651107</cusip>
			<value>2547</value>
			<shrsOrPrnAmt>
				<sshPrnamt>42457</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>42457</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>General Electric Company</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369604103</cusip>
			<value>5369</value>
			<shrsOrPrnAmt>
				<sshPrnamt>224743</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>224743</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>General Mills Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>370334104</cusip>
			<value>164</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3417</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3417</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Generation Holding Inc Rst</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>371991900</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>202204</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>202204</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Generations Network Ser E Rst</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>371991993</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>112822</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>112822</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Golar LNG Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>y2745c102</cusip>
			<value>77</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2363</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2363</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Goldman Sachs Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38141g104</cusip>
			<value>854</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5400</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Google Inc Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38259p508</cusip>
			<value>1025</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1170</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1170</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Gulf Coast Ultra Deep Royalty</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40222t104</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hansen Medical Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>411307101</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>221</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>221</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HCP Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>40414l109</cusip>
			<value>1022</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24958</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>24958</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>HEALTH CARE REIT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>42217k106</cusip>
			<value>1772</value>
			<shrsOrPrnAmt>
				<sshPrnamt>28400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>28400</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hess Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>42809h107</cusip>
			<value>761</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9835</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9835</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hillshire Brands Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>432589109</cusip>
			<value>36</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1157</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1157</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Holly Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>435763107</cusip>
			<value>4400</value>
			<shrsOrPrnAmt>
				<sshPrnamt>133044</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>133044</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Home Depot Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>437076102</cusip>
			<value>300</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3952</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3952</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Honeywell Intl Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>438516106</cusip>
			<value>165</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1990</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1990</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hudson City Bancorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>443683107</cusip>
			<value>40</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4400</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4400</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IAC/InterActiveCorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>44919p508</cusip>
			<value>1093</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Independent Bank Corp MA</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>453836108</cusip>
			<value>84</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2360</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2360</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Inergy LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>456615103</cusip>
			<value>308</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22362</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>22362</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Inergy Midstream LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>45671u106</cusip>
			<value>259</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11729</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11729</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Intel Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>458140100</cusip>
			<value>934</value>
			<shrsOrPrnAmt>
				<sshPrnamt>40769</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>40769</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>International Business Machine</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>459200101</cusip>
			<value>7730</value>
			<shrsOrPrnAmt>
				<sshPrnamt>41743</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>41743</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>International Paper Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>460146103</cusip>
			<value>403</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Invesco Mortgage Capital Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46131b100</cusip>
			<value>108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Tr MSCI EAFE Index</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>464287465</cusip>
			<value>4785</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>75000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Tr MSCI Emerg Mkt</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>464287234</cusip>
			<value>1533</value>
			<shrsOrPrnAmt>
				<sshPrnamt>37607</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>37607</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Tr NASDAQ Bio Index</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>464287556</cusip>
			<value>1989</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9491</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9491</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>478160104</cusip>
			<value>888</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10240</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>10240</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>Johnson Controls Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>478366107</cusip>
			<value>271</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6530</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>6530</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>JPMorgan Chase &amp; Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46625h100</cusip>
			<value>1189</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>23000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>KBR Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>48242w106</cusip>
			<value>222</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>6800</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Keppel Ltd Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>492051305</cusip>
			<value>255</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15344</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>15344</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>KeyCorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>493267108</cusip>
			<value>828</value>
			<shrsOrPrnAmt>
				<sshPrnamt>72640</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>72640</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kinder Morgan Energy Partners</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>494550106</cusip>
			<value>3949</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49463</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>49463</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kinder Morgan Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>49456b101</cusip>
			<value>178</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kinder Morgan Management LLC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>49455u100</cusip>
			<value>7409</value>
			<shrsOrPrnAmt>
				<sshPrnamt>98839</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>98839</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Kinder Morgan Mgmt LLC Frac CU</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>eke55u103</cusip>
			<value>2</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3049878</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3049878</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Kraft Foods Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50076q106</cusip>
			<value>597</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11377</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11377</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Lilly Eli &amp; Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>532457108</cusip>
			<value>11321</value>
			<shrsOrPrnAmt>
				<sshPrnamt>224942</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>224942</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Linn Energy LLC Unit Ltd Liab</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>536020100</cusip>
			<value>526</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20297</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20297</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Lockheed Martin Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>539830109</cusip>
			<value>467</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3665</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3665</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Lorillard Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>544147101</cusip>
			<value>3042</value>
			<shrsOrPrnAmt>
				<sshPrnamt>67940</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>67940</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Lowes Cos Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>548661107</cusip>
			<value>197</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4140</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4140</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Magellan Midstream Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>559080106</cusip>
			<value>12251</value>
			<shrsOrPrnAmt>
				<sshPrnamt>217098</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>217098</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Marathon Oil Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>565849106</cusip>
			<value>78</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2250</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2250</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Marathon Petroleum Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>56585a102</cusip>
			<value>71</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1100</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1100</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>MarkWest Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>570759100</cusip>
			<value>6333</value>
			<shrsOrPrnAmt>
				<sshPrnamt>87679</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>87679</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Martin Midstream Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>573331105</cusip>
			<value>62</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1323</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1323</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Mattel Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>577081102</cusip>
			<value>348</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8309</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>8309</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>McDonalds Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>580135101</cusip>
			<value>1473</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15313</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>15313</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Medtronic Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>585055106</cusip>
			<value>48</value>
			<shrsOrPrnAmt>
				<sshPrnamt>906</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>906</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Merck &amp; Co Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58933y105</cusip>
			<value>2895</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60806</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>60806</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Microsoft Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>594918104</cusip>
			<value>1517</value>
			<shrsOrPrnAmt>
				<sshPrnamt>45570</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>45570</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Miller Herman Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>600544100</cusip>
			<value>29</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ModusLink Global Solutions Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>60786l107</cusip>
			<value>176</value>
			<shrsOrPrnAmt>
				<sshPrnamt>64320</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>64320</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Mondelez Intl Inc Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>609207105</cusip>
			<value>1072</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34133</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>34133</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Monsanto Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61166w101</cusip>
			<value>75</value>
			<shrsOrPrnAmt>
				<sshPrnamt>715</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>715</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Morgan Stanley</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>617446448</cusip>
			<value>101</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3760</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3760</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Multimedia Games Holding Co In</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>625453105</cusip>
			<value>851</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24622</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>24622</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NASDAQ OMX Group Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>631103108</cusip>
			<value>588</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>18300</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>National Grid PLC Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>636274300</cusip>
			<value>400</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6768</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>6768</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>National Oilwell Varco Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>637071101</cusip>
			<value>78</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>National Retail Properties Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>637417106</cusip>
			<value>1141</value>
			<shrsOrPrnAmt>
				<sshPrnamt>35849</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>35849</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NexPrise Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65333q202</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>881</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>881</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NextEra Energy Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65339f101</cusip>
			<value>8740</value>
			<shrsOrPrnAmt>
				<sshPrnamt>109029</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>109029</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Nike Inc Cl B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>654106103</cusip>
			<value>190</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2620</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2620</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NiSource Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>65473p105</cusip>
			<value>1457</value>
			<shrsOrPrnAmt>
				<sshPrnamt>47176</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>47176</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Norfolk Southern Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>655844108</cusip>
			<value>248</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3200</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3200</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Occidental Petroleum Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>674599105</cusip>
			<value>1108</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11845</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11845</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Och-Ziff Cap Mgmt Group Cl A</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>67551u105</cusip>
			<value>27</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Olin Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>680665205</cusip>
			<value>81</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3503</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3503</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Omega Healthcare Invs Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>681936100</cusip>
			<value>60</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Oneok Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>68268n103</cusip>
			<value>7658</value>
			<shrsOrPrnAmt>
				<sshPrnamt>144465</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>144465</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Oracle Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>68389x105</cusip>
			<value>1096</value>
			<shrsOrPrnAmt>
				<sshPrnamt>33033</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>33033</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>P T Pasifik Satelit Nusantara</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>69365q106</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>534504</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>534504</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Penn West Petroleum Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>707887105</cusip>
			<value>122</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10957</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>10957</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Pentair Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>h6169q108</cusip>
			<value>724</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11156</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11156</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Pepco Hldgs Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713291102</cusip>
			<value>997</value>
			<shrsOrPrnAmt>
				<sshPrnamt>54027</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>54027</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>PepsiCo Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713448108</cusip>
			<value>1949</value>
			<shrsOrPrnAmt>
				<sshPrnamt>24516</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
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				<Sole>0</Sole>
				<Shared>24516</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Peripheral Systems Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>71400p101</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Pfizer Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>717081103</cusip>
			<value>2704</value>
			<shrsOrPrnAmt>
				<sshPrnamt>94138</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>94138</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Philip Morris Intl Inc</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>718172109</cusip>
			<value>5148</value>
			<shrsOrPrnAmt>
				<sshPrnamt>59449</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>59449</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Phillips 66</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>718546104</cusip>
			<value>1892</value>
			<shrsOrPrnAmt>
				<sshPrnamt>32729</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>32729</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Plains All American Pipeline L</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>726503105</cusip>
			<value>19946</value>
			<shrsOrPrnAmt>
				<sshPrnamt>378760</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>378760</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Plum Creek Timber Co Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>729251108</cusip>
			<value>5329</value>
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				<sshPrnamt>113785</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>113785</Shared>
				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>PNC Financial Services Group I</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>693475105</cusip>
			<value>10</value>
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				<sshPrnamt>136</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>136</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PPL Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69351t106</cusip>
			<value>6500</value>
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				<sshPrnamt>213961</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>213961</Shared>
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		<infoTable>
			<nameOfIssuer>Praxair Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74005p104</cusip>
			<value>260</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2166</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2166</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Premiere Global Services Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>740585104</cusip>
			<value>13</value>
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				<sshPrnamt>1292</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1292</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Procter &amp; Gamble Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>258</value>
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				<sshPrnamt>3410</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3410</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ProShares Trust Short S&amp;P 500</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>74347r503</cusip>
			<value>20159</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>719705</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ProShares UltraShort S&amp;P 500</nameOfIssuer>
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			<cusip>74347b300</cusip>
			<value>13102</value>
			<shrsOrPrnAmt>
				<sshPrnamt>358186</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>358186</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Prudential Financial Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>744320102</cusip>
			<value>179</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2300</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Public Service Enterprise Grou</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>744573106</cusip>
			<value>3932</value>
			<shrsOrPrnAmt>
				<sshPrnamt>119393</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>119393</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Qualcomm Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>174</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2590</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2590</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Range Resources Corp</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>75281a109</cusip>
			<value>533</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7019</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7019</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Rayonier Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>754907103</cusip>
			<value>5945</value>
			<shrsOrPrnAmt>
				<sshPrnamt>106837</sshPrnamt>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>106837</Shared>
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		<infoTable>
			<nameOfIssuer>Regency Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>75885y107</cusip>
			<value>3337</value>
			<shrsOrPrnAmt>
				<sshPrnamt>116664</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>116664</Shared>
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		<infoTable>
			<nameOfIssuer>Rentech Nitrogen Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>760113100</cusip>
			<value>193</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7862</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7862</Shared>
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		<infoTable>
			<nameOfIssuer>Rio Tinto PLC Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>767204100</cusip>
			<value>1015</value>
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				<sshPrnamt>20807</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20807</Shared>
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		<infoTable>
			<nameOfIssuer>Rollins Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>775711104</cusip>
			<value>320</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12054</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>12054</Shared>
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		<infoTable>
			<nameOfIssuer>Royal Dutch Shell PLC Sp ADR A</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>780259206</cusip>
			<value>6831</value>
			<shrsOrPrnAmt>
				<sshPrnamt>104004</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>104004</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Salesforce.com Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>79466l302</cusip>
			<value>467</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9000</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Schlumberger Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>806857108</cusip>
			<value>1405</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15903</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>15903</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Seadrill Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>g7945e105</cusip>
			<value>317</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7043</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>7043</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Select Sector SPDR Tr SBI Ener</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>81369y506</cusip>
			<value>764</value>
			<shrsOrPrnAmt>
				<sshPrnamt>9217</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>9217</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Senior Housing Properties Trus</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>81721m109</cusip>
			<value>897</value>
			<shrsOrPrnAmt>
				<sshPrnamt>38412</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>38412</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Sigma Aldrich Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>826552101</cusip>
			<value>426</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5000</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Southern Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>842587107</cusip>
			<value>2056</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49919</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>49919</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Southern Copper Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>84265v105</cusip>
			<value>7312</value>
			<shrsOrPrnAmt>
				<sshPrnamt>268432</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>268432</Shared>
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			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>SPDR S&amp;P 500 Index ETF</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>78462f103</cusip>
			<value>134</value>
			<shrsOrPrnAmt>
				<sshPrnamt>800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>800</Shared>
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		<infoTable>
			<nameOfIssuer>SPDR S&amp;P Mid Cap 400 ETF Tr</nameOfIssuer>
			<titleOfClass>ETF</titleOfClass>
			<cusip>78467y107</cusip>
			<value>18</value>
			<shrsOrPrnAmt>
				<sshPrnamt>80</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>80</Shared>
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		<infoTable>
			<nameOfIssuer>Spectra Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>847560109</cusip>
			<value>4077</value>
			<shrsOrPrnAmt>
				<sshPrnamt>119120</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>119120</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Spectra Energy Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>84756n109</cusip>
			<value>3629</value>
			<shrsOrPrnAmt>
				<sshPrnamt>82708</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>82708</Shared>
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		<infoTable>
			<nameOfIssuer>Stag Industrial Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>85254j102</cusip>
			<value>223</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11088</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11088</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Stanley Black &amp; Decker Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>854502101</cusip>
			<value>3159</value>
			<shrsOrPrnAmt>
				<sshPrnamt>34877</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>34877</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>State Street Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>857477103</cusip>
			<value>329</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Targa Resources Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87612g101</cusip>
			<value>494</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6768</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>6768</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Targa Resources Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>87611x105</cusip>
			<value>306</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5936</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5936</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TC Pipelines LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>87233q108</cusip>
			<value>4846</value>
			<shrsOrPrnAmt>
				<sshPrnamt>99499</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>99499</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Teekay LNG Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>y8564m105</cusip>
			<value>4864</value>
			<shrsOrPrnAmt>
				<sshPrnamt>110279</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>110279</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Tesoro Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>881609101</cusip>
			<value>32</value>
			<shrsOrPrnAmt>
				<sshPrnamt>720</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>720</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Tesoro Logistics LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>88160t107</cusip>
			<value>59</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1010</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1010</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>The ADT Corporation</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00101j106</cusip>
			<value>752</value>
			<shrsOrPrnAmt>
				<sshPrnamt>18503</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>18503</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Time Warner Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>887317303</cusip>
			<value>282</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4281</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4281</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Tyco International Ltd</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>h89128104</cusip>
			<value>1608</value>
			<shrsOrPrnAmt>
				<sshPrnamt>45978</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>45978</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>UFood Restaurant Gp Inc Rst</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>903508943</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>29106</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>29106</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Union Pacific Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>907818108</cusip>
			<value>817</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5262</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>5262</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>United Parcel Service Inc Cl B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>911312106</cusip>
			<value>184</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2014</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2014</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>United Technologies Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>913017109</cusip>
			<value>2163</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20062</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20062</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>US Bancorp Del</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>902973304</cusip>
			<value>4308</value>
			<shrsOrPrnAmt>
				<sshPrnamt>117780</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>117780</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Valero Energy Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>91913y100</cusip>
			<value>742</value>
			<shrsOrPrnAmt>
				<sshPrnamt>21728</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>21728</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Vanguard Natural Resources LLC</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>92205f106</cusip>
			<value>87</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3105</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3105</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Verizon Communications Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92343v104</cusip>
			<value>12262</value>
			<shrsOrPrnAmt>
				<sshPrnamt>262703</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>262703</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Vertex Pharmaceuticals Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92532f100</cusip>
			<value>97</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1280</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>1280</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>VF Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>918204108</cusip>
			<value>100</value>
			<shrsOrPrnAmt>
				<sshPrnamt>500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>500</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Viacom Inc Cl B</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92553p201</cusip>
			<value>279</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3340</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>3340</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Visa Inc Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92826c839</cusip>
			<value>163</value>
			<shrsOrPrnAmt>
				<sshPrnamt>855</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>855</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Vodafone Group PLC Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>92857w209</cusip>
			<value>3864</value>
			<shrsOrPrnAmt>
				<sshPrnamt>109834</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>109834</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Wal-Mart Stores Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>931142103</cusip>
			<value>876</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11842</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11842</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Waste Management Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>94106l109</cusip>
			<value>1043</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>25300</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Wells Fargo &amp; Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>949746101</cusip>
			<value>493</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11936</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>11936</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Western Gas Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>958254104</cusip>
			<value>938</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15606</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>15606</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Western Union Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>959802109</cusip>
			<value>51</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2753</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2753</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Westpac Banking Corp Sp ADR</nameOfIssuer>
			<titleOfClass>ADR</titleOfClass>
			<cusip>961214301</cusip>
			<value>245</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>8000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Weyerhaeuser Co</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>962166104</cusip>
			<value>397</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13869</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>13869</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Whirlpool Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>963320106</cusip>
			<value>294</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2009</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2009</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Williams Cos Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>969457100</cusip>
			<value>78</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2154</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>2154</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Williams Partners LP</nameOfIssuer>
			<titleOfClass>COM UNIT LP</titleOfClass>
			<cusip>96950f104</cusip>
			<value>710</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13429</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>13429</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Windpower Innovations Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>97348b102</cusip>
			<value>0</value>
			<shrsOrPrnAmt>
				<sshPrnamt>104</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>104</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Windstream Holdings Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>97382a101</cusip>
			<value>1153</value>
			<shrsOrPrnAmt>
				<sshPrnamt>144308</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>144308</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WPX Energy Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>98212b103</cusip>
			<value>17</value>
			<shrsOrPrnAmt>
				<sshPrnamt>897</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>897</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Xilinx Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>983919101</cusip>
			<value>191</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4083</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>4083</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Yahoo Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>984332106</cusip>
			<value>663</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>20000</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Yum Brands Inc</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>988498101</cusip>
			<value>48</value>
			<shrsOrPrnAmt>
				<sshPrnamt>666</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>DFND</investmentDiscretion>
			<votingAuthority>
				<Sole>0</Sole>
				<Shared>666</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
