The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Corp COM 88579y101 306 2,800 SH   SOLE   2,800 0 0
AT&T Inc. COM 00206r102 578 16,330 SH   SOLE   16,330 0 0
AbbVie COM 00287y109 411 9,950 SH   SOLE   9,950 0 0
Abbott Laboratories COM 002824100 364 10,450 SH   SOLE   10,450 0 0
Alcoa COM 013817101 4,508 576,500 SH   SOLE   576,500 0 0
Allstate Corp. COM 020002101 1,425 29,623 SH   SOLE   29,623 0 0
American Express COM 025816109 2,340 31,295 SH   SOLE   31,295 0 0
Amgen Inc. COM 031162100 4,247 43,050 SH   SOLE   43,050 0 0
Apache Corp COM 037411105 2,054 24,500 SH   SOLE   24,500 0 0
Apple Inc. COM 037833100 299 755 SH   SOLE   755 0 0
Automatic Data Proc. COM 053015103 434 6,300 SH   SOLE   6,300 0 0
Bank of NY Mellon COM 064058100 7,881 280,955 SH   SOLE   280,955 0 0
BankAmerica COM 060505104 164 12,747 SH   SOLE   12,747 0 0
Berkshire Hathaway B COM 084670702 617 5,514 SH   SOLE   5,514 0 0
Boeing Co. COM 097023105 1,319 12,874 SH   SOLE   12,874 0 0
Boston Properties COM 101121101 211 2,000 SH   SOLE   2,000 0 0
Bristol-Myers Squibb COM 110122108 3,686 82,480 SH   SOLE   82,480 0 0
Calpine Corp COM 131347304 7,048 332,000 SH   SOLE   332,000 0 0
Caterpillar COM 149123101 894 10,834 SH   SOLE   10,834 0 0
Charles Schwab COM 808513105 7,268 342,350 SH   SOLE   342,350 0 0
Check Point Software COM M22465104 351 7,075 SH   SOLE   7,075 0 0
Chevron Corp COM 166764100 9,592 81,056 SH   SOLE   81,056 0 0
Chubb COM 171232101 258 3,048 SH   SOLE   3,048 0 0
Cisco Systems COM 17275r102 7,162 294,308 SH   SOLE   294,308 0 0
Coca Cola COM 191216100 1,681 41,908 SH   SOLE   41,908 0 0
Cons. Disc. Sector SPDR COM 81369Y407 1,020 18,090 SH   SOLE   18,090 0 0
Covidien Ltd COM G2554F113 836 13,300 SH   SOLE   13,300 0 0
Danaher Corp COM 235851102 1,477 23,329 SH   SOLE   23,329 0 0
Dick's Sporting Goods COM 253393102 3,890 77,700 SH   SOLE   77,700 0 0
Dominion Resources COM 25746u109 1,498 26,359 SH   SOLE   26,359 0 0
Du Pont COM 263534109 1,396 26,583 SH   SOLE   26,583 0 0
Energy Select Sector SPDR COM 81369Y506 317 4,050 SH   SOLE   4,050 0 0
Expeditors Int'l COM 302130109 8,434 221,701 SH   SOLE   221,701 0 0
Exxon Mobil COM 30231g102 3,736 41,355 SH   SOLE   41,355 0 0
Financial Sector SPDR COM 81369Y605 518 26,650 SH   SOLE   26,650 0 0
General Electric COM 369604103 8,757 377,609 SH   SOLE   377,609 0 0
General Mills Inc. COM 370334104 456 9,405 SH   SOLE   9,405 0 0
Google Inc. A COM 38259p508 11,344 12,885 SH   SOLE   12,885 0 0
Halliburton COM 406216101 692 16,575 SH   SOLE   16,575 0 0
Hewlett Packard COM 428236103 1,044 42,100 SH   SOLE   42,100 0 0
IBM COM 459200101 772 4,042 SH   SOLE   4,042 0 0
Intel COM 458140100 6,365 262,705 SH   SOLE   262,705 0 0
J.P. Morgan Chase COM 46625h100 1,462 27,698 SH   SOLE   27,698 0 0
Johnson & Johnson COM 478160104 4,384 51,062 SH   SOLE   51,062 0 0
Lowe's Cos. COM 548661107 1,807 44,175 SH   SOLE   44,175 0 0
Martin Marietta Materials COM 573284106 7,431 75,500 SH   SOLE   75,500 0 0
Materials Sector SPDR COM 81369Y100 475 12,390 SH   SOLE   12,390 0 0
McDonald's COM 580135101 1,506 15,213 SH   SOLE   15,213 0 0
Merck & Co. COM 58933y105 9,537 205,321 SH   SOLE   205,321 0 0
Microsoft COM 594918104 5,751 166,472 SH   SOLE   166,472 0 0
National Oilwell Varco COM 637071101 703 10,200 SH   SOLE   10,200 0 0
Noble Corp. COM h5833n103 6,782 180,475 SH   SOLE   180,475 0 0
Oracle COM 68389x105 889 28,941 SH   SOLE   28,941 0 0
PG&E Corporation COM 69331c108 456 9,963 SH   SOLE   9,963 0 0
Pepsico COM 713448108 1,296 15,850 SH   SOLE   15,850 0 0
Pfizer COM 717081103 2,982 106,467 SH   SOLE   106,467 0 0
ProLogis Inc COM 74340w103 17,811 472,200 SH   SOLE   472,200 0 0
Procter & Gamble COM 742718109 14,515 188,527 SH   SOLE   188,527 0 0
Progressive Waste Solutions COM 74339g101 3,345 155,500 SH   SOLE   155,500 0 0
Robert Half Intl. COM 770323103 4,168 125,425 SH   SOLE   125,425 0 0
Smucker (J.M.) COM 832696405 209 2,027 SH   SOLE   2,027 0 0
Sysco Corp COM 871829107 4,234 123,950 SH   SOLE   123,950 0 0
T. Rowe Price Group COM 74144t108 264 3,600 SH   SOLE   3,600 0 0
Target COM 87612e106 236 3,427 SH   SOLE   3,427 0 0
Technology Sector SPDR COM 81369Y803 710 23,205 SH   SOLE   23,205 0 0
Teradata Corp COM 88076w103 422 8,400 SH   SOLE   8,400 0 0
Teva Pharm Inds ADR COM 881624209 594 15,143 SH   SOLE   15,143 0 0
U.S. Bancorp COM 902973304 1,484 41,058 SH   SOLE   41,058 0 0
Union Pacific COM 907818108 293 1,900 SH   SOLE   1,900 0 0
United Technologies COM 913017109 1,466 15,775 SH   SOLE   15,775 0 0
Utilities Sector SPDR COM 81369Y886 548 14,550 SH   SOLE   14,550 0 0
V.F. Corp. COM 918204108 437 2,265 SH   SOLE   2,265 0 0
Vanguard Info Tech ETF COM 92204a702 340 4,600 SH   SOLE   4,600 0 0
Vanguard REIT ETF COM 922908553 437 6,352 SH   SOLE   6,352 0 0
Verizon Comm. COM 92343v104 1,533 30,454 SH   SOLE   30,454 0 0
Wal-Mart Stores COM 931142103 4,381 58,811 SH   SOLE   58,811 0 0
Walt Disney COM 254687106 1,492 23,625 SH   SOLE   23,625 0 0
Wells Fargo & Co. COM 949746101 12,663 306,830 SH   SOLE   306,830 0 0
Xerox COM 984121103 470 51,840 SH   SOLE   51,840 0 0
iPath DJ-UBS Commodity Index COM 06738c778 241 6,600 SH   SOLE   6,600 0 0
Vanguard FTSE All-World ex-US COM 922042775 2,434 55,047 SH   SOLE   55,047 0 0
Vanguard Ttl Stk ETF COM 922908769 317 3,835 SH   SOLE   3,835 0 0
iShares MSCI EAFE Fund COM 464287465 615 10,740 SH   SOLE   10,740 0 0
iShares S&P Mid Cap 400 COM 464287507 2,122 18,376 SH   SOLE   18,376 0 0
iShares S&P Small Cap 600 COM 464287804 2,060 22,814 SH   SOLE   22,814 0 0