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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hours per response: 23.8
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 353 2,600 SH   SOLE   2,600 0 0
AT&T Inc. COM 00206r102 576 16,430 SH   SOLE   16,430 0 0
AbbVie COM 00287y109 456 8,866 SH   SOLE   8,866 0 0
Abbott Laboratories COM 002824100 341 8,866 SH   SOLE   8,866 0 0
Alcoa COM 013817101 8,771 681,500 SH   SOLE   681,500 0 0
Allstate Corp. COM 020002101 1,574 27,823 SH   SOLE   27,823 0 0
American Express COM 025816109 2,516 27,945 SH   SOLE   27,945 0 0
Amgen Inc. COM 031162100 3,953 32,050 SH   SOLE   32,050 0 0
Apache Corp COM 037411105 7,590 91,500 SH   SOLE   91,500 0 0
Apple Inc. COM 037833100 451 840 SH   SOLE   840 0 0
Automatic Data Proc. COM 053015103 487 6,300 SH   SOLE   6,300 0 0
Bank of NY Mellon COM 064058100 12,428 352,155 SH   SOLE   352,155 0 0
Beam Inc. COM 073730103 241 2,893 SH   SOLE   2,893 0 0
Berkshire Hathaway B COM 084670702 649 5,197 SH   SOLE   5,197 0 0
Boston Properties COM 101121101 229 2,000 SH   SOLE   2,000 0 0
Bristol-Myers Squibb COM 110122108 7,101 136,680 SH   SOLE   136,680 0 0
Calpine Corp COM 131347304 9,890 473,000 SH   SOLE   473,000 0 0
Caterpillar COM 149123101 1,096 11,034 SH   SOLE   11,034 0 0
Charles Schwab COM 808513105 11,097 406,025 SH   SOLE   406,025 0 0
Check Point Software COM M22465104 543 8,025 SH   SOLE   8,025 0 0
Chevron Corp COM 166764100 9,553 80,338 SH   SOLE   80,338 0 0
Chubb COM 171232101 245 2,748 SH   SOLE   2,748 0 0
Cisco Systems COM 17275r102 6,642 296,308 SH   SOLE   296,308 0 0
Coca Cola COM 191216100 1,642 42,483 SH   SOLE   42,483 0 0
Cons. Disc. Sector SPDR COM 81369Y407 1,247 19,265 SH   SOLE   19,265 0 0
Consumer Staples Sector SPDR COM 81369Y308 890 20,675 SH   SOLE   20,675 0 0
Covidien Ltd COM G2554F113 1,040 14,118 SH   SOLE   14,118 0 0
Danaher Corp COM 235851102 1,457 19,433 SH   SOLE   19,433 0 0
Dick's Sporting Goods COM 253393102 6,968 127,600 SH   SOLE   127,600 0 0
Dominion Resources COM 25746u109 1,790 25,209 SH   SOLE   25,209 0 0
Du Pont COM 263534109 1,755 26,162 SH   SOLE   26,162 0 0
Energy Select Sector SPDR COM 81369Y506 395 4,435 SH   SOLE   4,435 0 0
Expeditors Int'l COM 302130109 10,284 259,501 SH   SOLE   259,501 0 0
Exxon Mobil COM 30231g102 4,047 41,436 SH   SOLE   41,436 0 0
Financial Sector SPDR COM 81369Y605 503 22,530 SH   SOLE   22,530 0 0
General Electric COM 369604103 10,789 416,709 SH   SOLE   416,709 0 0
General Mills Inc. COM 370334104 563 10,855 SH   SOLE   10,855 0 0
Google Inc. A COM 38259p508 17,146 15,384 SH   SOLE   15,384 0 0
Halliburton COM 406216101 1,011 17,175 SH   SOLE   17,175 0 0
Hewlett Packard COM 428236103 1,390 42,967 SH   SOLE   42,967 0 0
IBM COM 459200101 743 3,859 SH   SOLE   3,859 0 0
Industrial Sector SPDR COM 81369Y704 539 10,300 SH   SOLE   10,300 0 0
Intel COM 458140100 6,639 257,188 SH   SOLE   257,188 0 0
J.P. Morgan Chase COM 46625h100 1,648 27,149 SH   SOLE   27,149 0 0
Johnson & Johnson COM 478160104 5,016 51,062 SH   SOLE   51,062 0 0
Lowe's Cos. COM 548661107 1,881 38,475 SH   SOLE   38,475 0 0
Martin Marietta Materials COM 573284106 11,962 93,200 SH   SOLE   93,200 0 0
Materials Sector SPDR COM 81369Y100 572 12,090 SH   SOLE   12,090 0 0
McDonald's COM 580135101 1,325 13,513 SH   SOLE   13,513 0 0
Merck & Co. COM 58933y105 16,581 292,066 SH   SOLE   292,066 0 0
Microsoft COM 594918104 6,153 150,106 SH   SOLE   150,106 0 0
National Oilwell Varco COM 637071101 866 11,117 SH   SOLE   11,117 0 0
Noble Corp. COM g65431101 7,196 219,783 SH   SOLE   219,783 0 0
Oracle COM 68389x105 1,104 26,979 SH   SOLE   26,979 0 0
PACCAR, Inc. COM 693718108 776 11,500 SH   SOLE   11,500 0 0
PG&E Corporation COM 69331c108 430 9,963 SH   SOLE   9,963 0 0
Pepsico COM 713448108 1,321 15,821 SH   SOLE   15,821 0 0
Pfizer COM 717081103 2,758 85,864 SH   SOLE   85,864 0 0
ProLogis Inc COM 74340w103 19,280 472,200 SH   SOLE   472,200 0 0
Procter & Gamble COM 742718109 15,381 190,826 SH   SOLE   190,826 0 0
Progressive Waste Solutions COM 74339g101 4,948 195,500 SH   SOLE   195,500 0 0
Redwood Trust Inc. COM 758075402 203 10,000 SH   SOLE   10,000 0 0
Robert Half Intl. COM 770323103 8,001 190,725 SH   SOLE   190,725 0 0
Sysco Corp COM 871829107 4,426 122,500 SH   SOLE   122,500 0 0
T. Rowe Price Group COM 74144t108 296 3,600 SH   SOLE   3,600 0 0
Technology Sector SPDR COM 81369Y803 1,232 33,885 SH   SOLE   33,885 0 0
Teradata Corp COM 88076w103 5,935 120,650 SH   SOLE   120,650 0 0
Teva Pharm Inds ADR COM 881624209 819 15,509 SH   SOLE   15,509 0 0
U.S. Bancorp COM 902973304 1,781 41,558 SH   SOLE   41,558 0 0
Union Pacific COM 907818108 375 2,000 SH   SOLE   2,000 0 0
United Technologies COM 913017109 1,541 13,192 SH   SOLE   13,192 0 0
Utilities Sector SPDR COM 81369Y886 549 13,250 SH   SOLE   13,250 0 0
V.F. Corp. COM 918204108 614 9,920 SH   SOLE   9,920 0 0
Vanguard Info Tech ETF COM 92204a702 384 4,200 SH   SOLE   4,200 0 0
Vanguard REIT ETF COM 922908553 448 6,347 SH   SOLE   6,347 0 0
Verizon Comm. COM 92343v104 1,488 31,288 SH   SOLE   31,288 0 0
Wal-Mart Stores COM 931142103 3,918 51,261 SH   SOLE   51,261 0 0
Walt Disney COM 254687106 1,846 23,050 SH   SOLE   23,050 0 0
Wells Fargo & Co. COM 949746101 15,117 303,920 SH   SOLE   303,920 0 0
Xerox COM 984121103 586 51,840 SH   SOLE   51,840 0 0
iPath DJ-UBS Commodity Index COM 06738c778 260 6,600 SH   SOLE   6,600 0 0
Vanguard FTSE All-World ex-US COM 922042775 4,193 83,336 SH   SOLE   83,336 0 0
Vanguard Ttl Stk ETF COM 922908769 948 9,724 SH   SOLE   9,724 0 0
iShares MSCI EAFE Fund COM 464287465 772 11,490 SH   SOLE   11,490 0 0
iShares S&P Mid Cap 400 COM 464287507 2,615 19,021 SH   SOLE   19,021 0 0
iShares S&P Small Cap 600 COM 464287804 2,573 23,359 SH   SOLE   23,359 0 0