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 4,809 28,000 SH   SOLE   28,000 0 0
AMERICAN EXPRESS CO COM 025816109 12,197 164,640 SH   SOLE   164,640 0 0
AMGEN INCORPORATED COM 031162100 13,254 90,650 SH   SOLE   90,650 0 0
BANK OF NY MELLON CO COM 064058100 15,912 335,846 SH   SOLE   335,846 0 0
BRISTOL-MYERS SQUIBB COM 110122108 8,414 143,980 SH   SOLE   143,980 0 0
CHEVRON CORPORATION COM 166764100 9,887 84,000 SH   SOLE   84,000 0 0
CISCO SYSTEMS INC COM 17275r102 35,406 1,171,618 SH   SOLE   1,171,618 0 0
EXPEDITORS INTL WASH COM 302130109 16,068 303,400 SH   SOLE   303,400 0 0
INTEL CORP COM 458140100 25,765 710,366 SH   SOLE   710,366 0 0
MC DONALDS CORP COM 580135101 943 7,750 SH   SOLE   7,750 0 0
MERCK & CO INC COM 58933y105 14,972 254,320 SH   SOLE   254,320 0 0
MICROSOFT CORP COM 594918104 38,008 611,656 SH   SOLE   611,656 0 0
PROCTER & GAMBLE COM 742718109 476,100 5,662,465 SH   SOLE   5,662,465 0 0
PROLOGIS INC COM 74340w103 23,967 454,000 SH   SOLE   454,000 0 0
WAL-MART STORES INC COM 931142103 11,824 171,066 SH   SOLE   171,066 0 0