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
Estimated average burden
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
ACE LTD. SHS H0023R105 24,122 233,000 SH   SOLE   233,000 0 0
AETNA INC. NEW COM 00817Y108 14,061 205,000 SH   SOLE   205,000 0 0
AGL RESOURCES INC. COM 001204106 6,848 145,000 SH   SOLE   145,000 0 0
ALLERGAN, INC. COM 018490102 13,330 120,000 SH   SOLE   120,000 0 0
ALLSTATE CORP. COM 020002101 19,362 355,000 SH   SOLE   355,000 0 0
ANADARKO PETROLEUM CORP. COM 032511107 8,360 105,400 SH   SOLE   105,400 0 0
ANALOG DEVICES INC. COM 032654105 6,932 136,100 SH   SOLE   136,100 0 0
APPLE INC. COM 037833100 55,157 98,300 SH   SOLE   98,300 0 0
AT&T CORP. COM 00206R102 18,951 539,000 SH   SOLE   539,000 0 0
AUTOMATIC DATA PROCESSING INC. COM 053015103 16,162 200,000 SH   SOLE   200,000 0 0
BANK OF NEW YORK MELLON CORP. COM 064058100 11,313 323,775 SH   SOLE   323,775 0 0
BED BATH & BEYOND INC. COM 075896100 9,652 120,200 SH   SOLE   120,200 0 0
BERKSHIRE HATHAWAY INC. DEL CL B NEW 084670702 7,730 65,200 SH   SOLE   65,200 0 0
BIOGEN IDEC INC. COM 09062X103 13,148 47,000 SH   SOLE   47,000 0 0
BOEING CO. COM 097023105 27,981 205,000 SH   SOLE   205,000 0 0
BUNGE LTD. COM G16962105 8,211 100,000 SH   SOLE   100,000 0 0
CAPITAL ONE FINANCIAL CORP. COM 14040H105 18,769 245,000 SH   SOLE   245,000 0 0
CATERPILLAR INC DEL COM 149123101 9,263 102,000 SH   SOLE   102,000 0 0
CELGENE CORP. COM 151020104 20,275 120,000 SH   SOLE   120,000 0 0
CF INDUSTRIES HOLDINGS, INC. COM 125269100 8,979 38,531 SH   SOLE   38,531 0 0
CHEVRON CORP. NEW COM 166764100 29,354 235,000 SH   SOLE   235,000 0 0
CISCO SYSTEMS, INC. COM 17275R102 14,031 625,000 SH   SOLE   625,000 0 0
CITIGROUP INC. COM NEW 172967424 30,745 590,000 SH   SOLE   590,000 0 0
COCA-COLA CO. COM 191216100 12,393 300,000 SH   SOLE   300,000 0 0
COMCAST CORP. CL A 20030N101 23,504 452,300 SH   SOLE   452,300 0 0
COVIDIEN PLC SHS G2554F113 8,172 120,000 SH   SOLE   120,000 0 0
CVS/CAREMARK CORP. COM 126650100 22,473 314,000 SH   SOLE   314,000 0 0
DIAGEO PLC ADR SPON ADR NEW 25243Q205 7,866 59,400 SH   SOLE   59,400 0 0
DOLLAR GENERAL CORP. NEW COM 256677105 16,371 271,400 SH   SOLE   271,400 0 0
EASTMAN CHEMICAL CO. COM 277432100 6,860 85,000 SH   SOLE   85,000 0 0
EATON CORP. PLC SHS G29183103 15,605 205,000 SH   SOLE   205,000 0 0
EBAY INC. COM 278642103 12,405 226,000 SH   SOLE   226,000 0 0
EDISON INTERNATIONAL COM 281020107 6,852 148,000 SH   SOLE   148,000 0 0
EMERSON ELECTRIC CO. COM 291011104 10,527 150,000 SH   SOLE   150,000 0 0
EOG RESOURCES INC. COM 26875P101 11,514 68,600 SH   SOLE   68,600 0 0
EXPRESS SCRIPTS HOLDING CO. COM 30219G108 14,399 205,000 SH   SOLE   205,000 0 0
EXXON MOBIL CORP. COM 30231G102 10,626 105,000 SH   SOLE   105,000 0 0
FEDEX CORP. COM 31428X106 12,364 86,000 SH   SOLE   86,000 0 0
FIFTH THIRD BANCORP. COM 316773100 13,985 665,000 SH   SOLE   665,000 0 0
GENERAL ELECTRIC CO. COM 369604103 13,496 481,500 SH   SOLE   481,500 0 0
GENERAL MILLS INC. COM 370334104 12,597 252,400 SH   SOLE   252,400 0 0
GILEAD SCIENCES INC. COM 375558103 31,112 414,000 SH   SOLE   414,000 0 0
GOOGLE INC. CL A 38259P508 28,578 25,500 SH   SOLE   25,500 0 0
HALLIBURTON CO. COM 406216101 7,501 147,801 SH   SOLE   147,801 0 0
HONEYWELL INT'L INC. COM 438516106 26,269 287,500 SH   SOLE   287,500 0 0
INTEL CORP. COM 458140100 17,263 665,000 SH   SOLE   665,000 0 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 14,218 75,800 SH   SOLE   75,800 0 0
ISHARES US REAL ESTATE ETF U.S. REAL ES ETF 464287739 17,067 270,522 SH   SOLE   270,522 0 0
JPMORGAN CHASE & CO. COM 46625H100 35,088 600,000 SH   SOLE   600,000 0 0
LOWE'S COMPANIES, INC. COM 548661107 27,253 550,000 SH   SOLE   550,000 0 0
LYONDELLBASELL INDUSTRIES NV SHS-A N53745100 19,107 238,000 SH   SOLE   238,000 0 0
MARRIOTT INTERNATIONAL INC. NEW CL A 571903202 14,808 300,000 SH   SOLE   300,000 0 0
MASCO CORP. COM 574599106 7,229 317,500 SH   SOLE   317,500 0 0
MASTERCARD, INC. CL A 57636Q104 19,216 23,000 SH   SOLE   23,000 0 0
MCDONALD'S CORP. COM 580135101 17,465 180,000 SH   SOLE   180,000 0 0
MCKESSON CORP. COM 58155Q103 18,722 116,000 SH   SOLE   116,000 0 0
MERCK & CO., INC. NEW COM 58933Y105 24,024 480,000 SH   SOLE   480,000 0 0
METLIFE INC. COM 59156R108 14,720 273,000 SH   SOLE   273,000 0 0
MICROSOFT CORP. COM 594918104 23,162 618,800 SH   SOLE   618,800 0 0
NETAPP, INC. COM 64110D104 6,652 161,700 SH   SOLE   161,700 0 0
NEXTERA ENERGY, INC. COM 65339F101 6,935 81,000 SH   SOLE   81,000 0 0
NRG ENERGY, INC. COM NEW 629377508 6,835 238,000 SH   SOLE   238,000 0 0
ORACLE CORP. COM 68389X105 20,125 526,000 SH   SOLE   526,000 0 0
PEPSICO, INC. COM 713448108 21,855 263,500 SH   SOLE   263,500 0 0
PETROLEUM & RESOURCES CORP. COM 716549100 59,874 2,186,774 SH   SOLE   2,186,774 0 0
PFIZER INC. COM 717081103 32,275 1,053,700 SH   SOLE   1,053,700 0 0
PHILIP MORRIS INTERNATIONAL INC. COM 718172109 22,898 262,800 SH   SOLE   262,800 0 0
PINNACLE WEST CAPITAL CORP. COM 723484101 6,086 115,000 SH   SOLE   115,000 0 0
PRAXAIR, INC. COM 74005P104 8,777 67,500 SH   SOLE   67,500 0 0
PROCTER & GAMBLE CO. COM 742718109 14,247 175,000 SH   SOLE   175,000 0 0
QUALCOMM INC. COM 747525103 11,241 151,400 SH   SOLE   151,400 0 0
SCHLUMBERGER LTD. COM 806857108 12,462 138,300 SH   SOLE   138,300 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 11,176 199,000 SH   SOLE   199,000 0 0
SIMON PROPERTY GROUP, INC. NEW COM 828806109 6,086 40,000 SH   SOLE   40,000 0 0
SPDR S&P ETF TRUST TR UNIT 78462F103 9,908 53,650 SH   SOLE   53,650 0 0
TARGET CORP. COM 87612E106 8,592 135,800 SH   SOLE   135,800 0 0
TIME WARNER INC. COM 887317303 13,177 189,000 SH   SOLE   189,000 0 0
UNILEVER PLC ADR SPON ADR NEW 904767704 12,618 306,250 SH   SOLE   306,250 0 0
UNION PAC CORP. COM 907818108 19,740 117,500 SH   SOLE   117,500 0 0
UNITED TECHNOLOGIES CORP. COM 913017109 19,858 174,500 SH   SOLE   174,500 0 0
VERIZON COMMUNICATIONS INC. COM 92343V104 15,479 315,000 SH   SOLE   315,000 0 0
VISA INC. COM CL A 92826C839 8,907 40,000 SH   SOLE   40,000 0 0
WALT DISNEY CO. COM DISNEY 254687106 28,849 377,600 SH   SOLE   377,600 0 0
WELLS FARGO & CO. NEW COM 949746101 30,418 670,000 SH   SOLE   670,000 0 0
ZIMMER HOLDINGS, INC. COM 98956P102 10,717 115,000 SH   SOLE   115,000 0 0