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
ABBOTT LABORATORIES COMMON 002824100 3,504 74,920 SH   SOLE 1 74,920 0 0
ABIOMED INC COMMON 003654100 188 19,497 SH   SOLE 1 19,497 0 0
ACCENTURE PLC COMMON G1151C101 2,782 72,000 SH   SOLE 1 72,000 0 0
WATSON PHARMACEUTICALS COMMON 00507K103 253 6,260 SH   SOLE 1 6,260 0 0
ACTIVISION BLIZZARD INC COMMON 00507V109 1,499 142,956 SH   SOLE 1 142,956 0 0
ACTUANT CORP-CL A COMMON 00508X203 120 6,382 SH   SOLE 1 6,382 0 0
AEROPOSTALE INC COMMON 007865108 460 16,094 SH   SOLE 1 16,094 0 0
AETNA INC NEW COMMON 00817Y108 1,338 50,745 SH   SOLE 1 50,745 0 0
AFLAC CORP. COMMON 001055102 1,521 35,655 SH   SOLE 1 35,655 0 0
AGCO CORP COMMON 001084102 305 11,340 SH   SOLE 1 11,340 0 0
AGL RESOURCES INC COMMON 001204106 1,222 34,141 SH   SOLE 1 34,141 0 0
AIRTRAN HOLDINGS INC COMMON 00949P108 673 138,799 SH   SOLE 1 138,799 0 0
AKAMAI TECHNOLOGIES COMMON 00971T101 827 20,396 SH   SOLE 1 20,396 0 0
ALCOA INC COMMON 013817101 852 84,725 SH   SOLE 1 84,725 0 0
ALIGN TECHNOLOGY INC COMMON 016255101 547 36,803 SH   SOLE 1 36,803 0 0
ALLSTATE CORP. COMMON 020002101 416 14,500 SH   SOLE 1 14,500 0 0
ALTRIA GROUP INC COMMON 02209S103 1,824 91,045 SH   SOLE 1 91,045 0 0
AMDOCS LTD COMMON G02602103 982 36,580 SH   SOLE 1 36,580 0 0
AMEDISYS INC COMMON 023436108 1,597 36,322 SH   SOLE 1 36,322 0 0
AMEREN CORP COMMON 023608102 421 17,720 SH   SOLE 1 17,720 0 0
AMERICAN EXPRESS CO. COMMON 025816109 5,325 134,134 SH   SOLE 1 134,134 0 0
AMERICAN FINANCIAL GROUP INC COMMON 025932104 446 16,331 SH   SOLE 1 16,331 0 0
AMERICAN GREETINGS CORP. CL COMMON 026375105 195 10,441 SH   SOLE 1 10,441 0 0
AMERICAN INTERNATIONAL GROUP COMMON 026874784 1 34 SH   SOLE 1 34 0 0
AMERICAN MEDICAL SYS HLDGS COMMON 02744M108 1,443 65,280 SH   SOLE 1 65,280 0 0
AMERIGROUP CORPORATION COMMON 03073T102 266 8,190 SH   SOLE 1 8,190 0 0
AMERIPRISE FINANCIAL INC COMMON 03076C106 1,117 30,932 SH   SOLE 1 30,932 0 0
AMERISOURCEBERGEN CORP COMMON 03073E105 1,375 43,314 SH   SOLE 1 43,314 0 0
AMGEN COMMON 031162100 1,730 32,904 SH   SOLE 1 32,904 0 0
AMPHENOL CORP-CL A COMMON 032095101 2,919 74,320 SH   SOLE 1 74,320 0 0
AMTRUST FINANCIAL SERVICES COMMON 032359309 1,235 102,600 SH   SOLE 1 102,600 0 0
ANALOGIC CORP. COMMON 032657207 176 3,872 SH   SOLE 1 3,872 0 0
WELLPOINT INC. COMMON 036752103 342 6,990 SH   SOLE 1 6,990 0 0
AOL INC COMMON 00184X105 162 7,804 SH   SOLE 1 7,804 0 0
APARTMENT INVT & MGMT CO-A COMMON 03748R101 97 5,040 SH   SOLE 1 5,040 0 0
APOLLO GROUP INC-CL A COMMON 037604105 1,545 36,386 SH   SOLE 1 36,386 0 0
APPLE INC. COMMON 037833100 8,073 32,098 SH   SOLE 1 32,098 0 0
APPLIED MICRO CIRCUITS CORP COMMON 03822W406 198 18,987 SH   SOLE 1 18,987 0 0
ARCH CAPITAL GROUP LTD COMMON G0450A105 400 5,380 SH   SOLE 1 5,380 0 0
ARCHER DANIELS MIDLAND CO. COMMON 039483102 607 23,535 SH   SOLE 1 23,535 0 0
ARES CAPITAL CORP COMMON 04010L103 44 3,540 SH   SOLE 1 3,540 0 0
ARRIS GROUP INC COMMON 04270V106 303 29,739 SH   SOLE 1 29,739 0 0
ARROW ELECTRONICS INC COMMON 042735100 379 16,988 SH   SOLE 1 16,988 0 0
ASHLAND INC COMMON 044209104 94 2,040 SH   SOLE 1 2,040 0 0
ASPEN INSURANCE HOLDINGS LTD COMMON G05384105 181 7,348 SH   SOLE 1 7,348 0 0
ASSURANT INC COMMON 04621X108 698 20,119 SH   SOLE 1 20,119 0 0
AT&T INC COMMON 00206R102 254 10,541 SH   SOLE 1 10,541 0 0
ATC TECHNOLOGY CORP COMMON 00211W104 121 7,560 SH   SOLE 1 7,560 0 0
ATLAS AIR WORLDWIDE HOLDINGS COMMON 049164205 450 9,480 SH   SOLE 1 9,480 0 0
ATMI INC COMMON 00207R101 176 12,032 SH   SOLE 1 12,032 0 0
ATP OIL & GAS CORPORATION COMMON 00208J108 1,016 95,985 SH   SOLE 1 95,985 0 0
ATWOOD OCEANICS INC COMMON 050095108 139 5,480 SH   SOLE 1 5,480 0 0
AUTODESK INC COMMON 052769106 685 28,137 SH   SOLE 1 28,137 0 0
AVIS BUDGET GROUP INC COMMON 053774105 3 377 SH   SOLE 1 377 0 0
AVX CORP. COMMON 002444107 54 4,240 SH   SOLE 1 4,240 0 0
AZZ INCORPORATED COMMON 002474104 257 6,998 SH   SOLE 1 6,998 0 0
BE AEROSPACE INC. COMMON 073302101 2,082 81,880 SH   SOLE 1 81,880 0 0
BAKER HUGHES INC. COMMON 057224107 1,224 29,448 SH   SOLE 1 29,448 0 0
BALL CORP. COMMON 058498106 346 6,557 SH   SOLE 1 6,557 0 0
BANCO BILBAO VIZCAYA SP ADR ADR 05946K101 32 3,129 SH   SOLE 1 3,129 0 0
BANK OF AMERICA CORP COMMON 060505104 1,400 97,477 SH   SOLE 1 97,477 0 0
BANK OF HAWAII CORPORATION COMMON 062540109 1,357 28,084 SH   SOLE 1 28,084 0 0
BANK OF THE OZARKS COMMON 063904106 165 4,653 SH   SOLE 1 4,653 0 0
BAXTER INTL. INC. COMMON 071813109 2,120 52,175 SH   SOLE 1 52,175 0 0
FORTUNE BRANDS INC COMMON 073730103 908 23,195 SH   SOLE 1 23,195 0 0
BECTON DICKINSON & CO. COMMON 075887109 368 5,455 SH   SOLE 1 5,455 0 0
BERRY PETROLEUM CO CLASS A COMMON 085789105 1,126 43,811 SH   SOLE 1 43,811 0 0
BEST BUY CO. INC. COMMON 086516101 1,384 40,880 SH   SOLE 1 40,880 0 0
BGC PARTNERS INC-CL A COMMON 05541T101 134 26,299 SH   SOLE 1 26,299 0 0
BHP LIMITED - SPONS ADR ADR 088606108 1,332 21,500 SH   SOLE 1 21,500 0 0
BIG 5 SPORTING GOODS CORP COMMON 08915P101 606 46,183 SH   SOLE 1 46,183 0 0
BIG LOTS INC COMMON 089302103 548 17,100 SH   SOLE 1 17,100 0 0
BIOGEN IDEC INC COMMON 09062X103 1,878 39,595 SH   SOLE 1 39,595 0 0
BIOMED REALTY TRUST INC COMMON 09063H107 986 61,285 SH   SOLE 1 61,285 0 0
BJ'S WHOLESALE CLUB INC COMMON 05548J106 1,384 37,406 SH   SOLE 1 37,406 0 0
BRANDYWINE REALTY TRUST COMMON 105368203 2,021 188,012 SH   SOLE 1 188,012 0 0
BRIDGEPOINT EDUCATION INC COMMON 10807M105 795 50,302 SH   SOLE 1 50,302 0 0
BRIGHTPOINT INC COMMON 109473405 2,027 289,612 SH   SOLE 1 289,612 0 0
BROADCOM CORP - CL A COMMON 111320107 1,309 39,715 SH   SOLE 1 39,715 0 0
CA INC COMMON 12673P105 320 17,400 SH   SOLE 1 17,400 0 0
CAMERON INTERNATIONAL CORP COMMON 13342B105 1,031 31,704 SH   SOLE 1 31,704 0 0
CAPITAL ONE FINL CORP. COMMON 14040H105 1,950 48,396 SH   SOLE 1 48,396 0 0
CARDINAL HEALTH INC. COMMON 14149Y108 294 8,766 SH   SOLE 1 8,766 0 0
CAREER EDUCATION CORP COMMON 141665109 67 2,936 SH   SOLE 1 2,936 0 0
CARLISLE COMPANIES INC. COMMON 142339100 334 9,259 SH   SOLE 1 9,259 0 0
CARNIVAL CORP COMMON 143658300 913 30,220 SH   SOLE 1 30,220 0 0
CARTER'S INC COMMON 146229109 310 11,826 SH   SOLE 1 11,826 0 0
CASH AMER INTL. INC. COMMON 14754D100 552 16,124 SH   SOLE 1 16,124 0 0
CATALYST HEALTH SOLUTIONS IN COMMON 14888B103 496 14,399 SH   SOLE 1 14,399 0 0
CATERPILLAR INC. COMMON 149123101 849 14,135 SH   SOLE 1 14,135 0 0
CBL & ASSOC PROPERTIES COMMON 124830100 379 30,480 SH   SOLE 1 30,480 0 0
CBS CORP CL B COMMON 124857202 219 16,965 SH   SOLE 1 16,965 0 0
CENTERPOINT ENERGY INC COMMON 15189T107 639 48,607 SH   SOLE 1 48,607 0 0
CENTURYTEL INC COMMON 156700106 41 1,250 SH   SOLE 1 1,250 0 0
CENVEO INC COMMON 15670S105 119 21,780 SH   SOLE 1 21,780 0 0
CEPHALON INC COMMON 156708109 542 9,560 SH   SOLE 1 9,560 0 0
CEPHEID INC COMMON 15670R107 94 5,913 SH   SOLE 1 5,913 0 0
CF INDUSTRIES HOLDINGS INC COMMON 125269100 434 6,843 SH   SOLE 1 6,843 0 0
CHARLES SCHWAB CORP. COMMON 808513105 1,950 137,540 SH   SOLE 1 137,540 0 0
CHEESECAKE FACTORY (THE) COMMON 163072101 180 8,118 SH   SOLE 1 8,118 0 0
CHEVRON CORP COMMON 166764100 6,456 95,140 SH   SOLE 1 95,140 0 0
CHILDREN'S PLACE COMMON 168905107 251 5,706 SH   SOLE 1 5,706 0 0
CHUBB CORP. COMMON 171232101 545 10,905 SH   SOLE 1 10,905 0 0
CIGNA CORP. COMMON 125509109 126 4,065 SH   SOLE 1 4,065 0 0
CINCINNATI FINANCIAL CORP COMMON 172062101 394 15,255 SH   SOLE 1 15,255 0 0
CINEMARK HOLDINGS INC COMMON 17243V102 1,441 109,591 SH   SOLE 1 109,591 0 0
CINTAS CORP COMMON 172908105 848 35,380 SH   SOLE 1 35,380 0 0
CISCO SYSTEMS COMMON 17275R102 4,591 215,478 SH   SOLE 1 215,478 0 0
CITI TRENDS INC COMMON 17306X102 809 24,590 SH   SOLE 1 24,590 0 0
CITIGROUP INC COMMON 172967424 10 2,766 SH   SOLE 1 2,766 0 0
CITY HOLDING CO COMMON 177835105 869 31,205 SH   SOLE 1 31,205 0 0
COACH INC COMMON 189754104 5,126 140,269 SH   SOLE 1 140,269 0 0
COGNIZANT TECH SOLUTIONS CRP COMMON 192446102 916 18,318 SH   SOLE 1 18,318 0 0
COLGATE PALMOLIVE CO. COMMON 194162103 2,821 35,830 SH   SOLE 1 35,830 0 0
COMCAST CORP-CL A COMMON 20030N101 1,157 66,630 SH   SOLE 1 66,630 0 0
COMCAST CORP-SPECIAL CL A COMMON 20030N200 34 2,103 SH   SOLE 1 2,103 0 0
COMERICA INC. COMMON 200340107 1,621 44,038 SH   SOLE 1 44,038 0 0
COMMUNITY BANK SYSTEM INC COMMON 203607106 140 6,360 SH   SOLE 1 6,360 0 0
COMPUTER SCIENCES CORP. COMMON 205363104 1,192 26,349 SH   SOLE 1 26,349 0 0
COMTECH TELECOMMUNICATIONS COMMON 205826209 1,374 45,933 SH   SOLE 1 45,933 0 0
CONAGRA INC. COMMON 205887102 1,392 59,725 SH   SOLE 1 59,725 0 0
CONOCOPHILLIPS COMMON 20825C104 2,771 56,455 SH   SOLE 1 56,455 0 0
CONSOLIDATED GRAPHIC INC COMMON 209341106 124 2,880 SH   SOLE 1 2,880 0 0
CONSTELLATION ENERGY GROUP COMMON 210371100 391 12,137 SH   SOLE 1 12,137 0 0
COOPER INDUSTRIES PLC CL A COMMON G24140108 2,937 66,750 SH   SOLE 1 66,750 0 0
COOPER TIRE & RUBBER COMMON 216831107 124 6,370 SH   SOLE 1 6,370 0 0
CORINTHIAN COLLEGES INC COMMON 218868107 249 25,285 SH   SOLE 1 25,285 0 0
CORNING INC. COMMON 219350105 335 20,798 SH   SOLE 1 20,798 0 0
CORRECTIONS CORP OF AMERICA COMMON 22025Y407 192 10,080 SH   SOLE 1 10,080 0 0
COVENTRY HEALTH CARE INC COMMON 222862104 106 5,997 SH   SOLE 1 5,997 0 0
CRACKER BARREL OLD COUNTRY COMMON 22410J106 225 4,849 SH   SOLE 1 4,849 0 0
CRANE CO COMMON 224399105 1,468 48,617 SH   SOLE 1 48,617 0 0
CSG SYSTEMS INTL INC COMMON 126349109 125 6,859 SH   SOLE 1 6,859 0 0
CUBIST PHARMACEUTICALS INC COMMON 229678107 1,326 64,406 SH   SOLE 1 64,406 0 0
CVS CORP COMMON 126650100 1,551 52,911 SH   SOLE 1 52,911 0 0
CYBERONICS INC COMMON 23251P102 227 9,601 SH   SOLE 1 9,601 0 0
DARDEN RESTAURANTS INC. COMMON 237194105 403 10,390 SH   SOLE 1 10,390 0 0
DARLING INTERNATIONAL INC COMMON 237266101 292 38,892 SH   SOLE 1 38,892 0 0
DECKERS OUTDOOR CORP COMMON 243537107 1,180 8,260 SH   SOLE 1 8,260 0 0
DEL MONTE FOODS CO COMMON 24522P103 294 20,435 SH   SOLE 1 20,435 0 0
DELL INC COMMON 24702R101 1,335 110,742 SH   SOLE 1 110,742 0 0
DELPHI FINANCIAL GROUP-CL A COMMON 247131105 89 3,652 SH   SOLE 1 3,652 0 0
DELUXE CORP COMMON 248019101 248 13,245 SH   SOLE 1 13,245 0 0
DEVRY INC COMMON 251893103 447 8,531 SH   SOLE 1 8,531 0 0
DIAMOND OFFSHORE DRILLING COMMON 25271C102 652 10,500 SH   SOLE 1 10,500 0 0
DIAMONDROCK HOSPITALITY CO COMMON 252784301 778 94,737 SH   SOLE 1 94,737 0 0
DIGITAL RIVER INC COMMON 25388B104 775 32,452 SH   SOLE 1 32,452 0 0
DINEEQUITY INC COMMON 254423106 51 1,833 SH   SOLE 1 1,833 0 0
DIRECTV - CLASS A COMMON 25490A309 513 15,144 SH   SOLE 1 15,144 0 0
DISCOVER FINANCIAL SERVICES COMMON 254709108 1,086 77,720 SH   SOLE 1 77,720 0 0
DOLLAR TREE INC COMMON 256746108 898 21,572 SH   SOLE 1 21,572 0 0
DOMTAR CORP COMMON 257559203 746 15,193 SH   SOLE 1 15,193 0 0
DOW CHEM CO. COMMON 260543103 532 22,470 SH   SOLE 1 22,470 0 0
DPL INC. COMMON 233293109 861 36,040 SH   SOLE 1 36,040 0 0
DREAMWORKS ANIMATION SKG-A COMMON 26153C103 1,004 35,198 SH   SOLE 1 35,198 0 0
DRESS BARN INC. COMMON 261570105 142 5,968 SH   SOLE 1 5,968 0 0
DRIL-QUIP INC COMMON 262037104 179 4,085 SH   SOLE 1 4,085 0 0
E I DU PONT DE NEMOURS & CO. COMMON 263534109 15 450 SH   SOLE 1 450 0 0
DUPONT FABROS TECHNOLOGY INC COMMON 26613Q106 1,152 46,923 SH   SOLE 1 46,923 0 0
EARTHLINK INC COMMON 27033X101 257 32,293 SH   SOLE 1 32,293 0 0
EASTMAN CHEMICAL CO. COMMON 277432100 1,009 18,913 SH   SOLE 1 18,913 0 0
EBAY INC COMMON 278642103 2,664 135,892 SH   SOLE 1 135,892 0 0
ECLIPSYS CORP COMMON 278856109 154 8,665 SH   SOLE 1 8,665 0 0
EDISON INTERNATIONAL COMMON 281020107 384 12,117 SH   SOLE 1 12,117 0 0
EL PASO ELECTRIC CO COMMON 283677854 130 6,747 SH   SOLE 1 6,747 0 0
EMC CORP COMMON 268648102 1,209 66,098 SH   SOLE 1 66,098 0 0
EMCOR GROUP INC. COMMON 29084Q100 579 25,016 SH   SOLE 1 25,016 0 0
EMERGENCY MEDICAL SERVICES - COMMON 29100P102 1,468 29,956 SH   SOLE 1 29,956 0 0
EMERSON ELECTRIC CO. COMMON 291011104 2,643 60,500 SH   SOLE 1 60,500 0 0
ENDO PHARMACEUT HOLDINGS INC COMMON 29264F205 1,726 79,144 SH   SOLE 1 79,144 0 0
ENERGEN CORP COMMON 29265N108 617 13,922 SH   SOLE 1 13,922 0 0
ENERGIZER HOLDINGS INC COMMON 29266R108 2,373 47,200 SH   SOLE 1 47,200 0 0
ENERSYS COMMON 29275Y102 1,248 58,426 SH   SOLE 1 58,426 0 0
ENTERGY CORP. NEW COMMON 29364G103 652 9,117 SH   SOLE 1 9,117 0 0
EOG RESOURCES INC COMMON 26875P101 3,045 30,955 SH   SOLE 1 30,955 0 0
ENTERTAINMENT PROPERTIES TR COMMON 26884U109 1,202 31,579 SH   SOLE 1 31,579 0 0
HRPT PROPERTIES TRUST COMMON 294628102 151 24,458 SH   SOLE 1 24,458 0 0
ERIE INDEMNITY COMPANY -CL A COMMON 29530P102 193 4,255 SH   SOLE 1 4,255 0 0
ESTEE LAUDER COMPANIES CL A COMMON 518439104 470 8,449 SH   SOLE 1 8,449 0 0
ESTERLINE TECHNOLOGIES CORP COMMON 297425100 219 4,622 SH   SOLE 1 4,622 0 0
EVERCORE PARTNERS INC-CL A COMMON 29977A105 976 41,814 SH   SOLE 1 41,814 0 0
EVEREST REINSURANCE GROUP LT COMMON G3223R108 261 3,700 SH   SOLE 1 3,700 0 0
EXXON MOBIL CORPORATION COMMON 30231G102 650 11,394 SH   SOLE 1 11,394 0 0
EZCORP INC - CL A COMMON 302301106 610 32,896 SH   SOLE 1 32,896 0 0
F5 NETWORKS INC COMMON 315616102 544 7,946 SH   SOLE 1 7,946 0 0
FAIRCHILD SEMICON INTERNATIO COMMON 303726103 1,171 139,297 SH   SOLE 1 139,297 0 0
FAIRPOINT COMMUNICATIONS INC COMMON 305560104 0 36 SH   SOLE 1 36 0 0
FBL FINANCIAL GROUP INC-CL A COMMON 30239F106 164 7,831 SH   SOLE 1 7,831 0 0
FED NAT'L MTG ASSN COMMON 313586109 0 350 SH   SOLE 1 350 0 0
FIRSTENERGY CORP COMMON 337932107 140 4,000 SH   SOLE 1 4,000 0 0
FLIR SYSTEMS INC COMMON 302445101 1,918 65,950 SH   SOLE 1 65,950 0 0
FLOWSERVE CORP COMMON 34354P105 371 4,380 SH   SOLE 1 4,380 0 0
FLUSHING FINANCIAL CORP COMMON 343873105 1,228 100,479 SH   SOLE 1 100,479 0 0
FNB CORP COMMON 302520101 140 17,500 SH   SOLE 1 17,500 0 0
FOREST LABORATORIES COMMON 345838106 1,308 47,712 SH   SOLE 1 47,712 0 0
FOSSIL INC COMMON 34988V106 762 21,968 SH   SOLE 1 21,968 0 0
FRANKLIN RESOURCES INC. COMMON 354613101 1,950 22,625 SH   SOLE 1 22,625 0 0
FREEPORT MCMORAN COPPER GOLD COMMON 35671D857 639 10,808 SH   SOLE 1 10,808 0 0
FRONTIER COMMUNICATIONS CORP COMMON 35906A108 570 80,235 SH   SOLE 1 80,235 0 0
FUEL SYSTEMS SOLUTIONS INC COMMON 35952W103 129 5,000 SH   SOLE 1 5,000 0 0
FURIEX PHARMACEUTICALS COMMON 36106P101 5 511 SH   SOLE 1 511 0 0
GALLAGHER ARTHUR J & CO COM COMMON 363576109 22 925 SH   SOLE 1 925 0 0
GANNETT CO. INC. COMMON 364730101 1,259 93,588 SH   SOLE 1 93,588 0 0
GARDNER DENVER INC COMMON 365558105 1,291 28,958 SH   SOLE 1 28,958 0 0
GENERAL DYNAMICS CORP. COMMON 369550108 919 15,705 SH   SOLE 1 15,705 0 0
GENERAL ELECTRIC CO. COMMON 369604103 1,519 105,345 SH   SOLE 1 105,345 0 0
GENERAL MILLS INC. COMMON 370334104 1,044 29,392 SH   SOLE 1 29,392 0 0
GENOPTIX INC COMMON 37243V100 796 46,307 SH   SOLE 1 46,307 0 0
GEOEYE INC COMMON 37250W108 1,721 55,295 SH   SOLE 1 55,295 0 0
GILEAD SCIENCES INC. COMMON 375558103 1,546 45,100 SH   SOLE 1 45,100 0 0
GLACIER BANCORP INC COMMON 37637Q105 928 63,283 SH   SOLE 1 63,283 0 0
GLIMCHER REALTY TRUST COMMON 379302102 763 127,689 SH   SOLE 1 127,689 0 0
GOLDMAN SACHS GROUP INC COMMON 38141G104 3,705 28,230 SH   SOLE 1 28,230 0 0
GRAFTECH INTERNATIONAL LTD COMMON 384313102 1,637 112,001 SH   SOLE 1 112,001 0 0
W W GRAINGER INC COMMON 384802104 2,382 23,960 SH   SOLE 1 23,960 0 0
GULFPORT ENERGY CORP COMMON 402635304 808 68,151 SH   SOLE 1 68,151 0 0
GYMBOREE CORP. COMMON 403777105 214 5,033 SH   SOLE 1 5,033 0 0
HALLIBURTON CO. COMMON 406216101 2,228 90,785 SH   SOLE 1 90,785 0 0
HANGER ORTHOPEDIC GROUP COMMON 41043F208 1,519 84,626 SH   SOLE 1 84,626 0 0
HARBIN ELECTRIC INC COMMON 41145W109 1,234 74,142 SH   SOLE 1 74,142 0 0
HARLEY DAVIDSON INC. COMMON 412822108 291 13,106 SH   SOLE 1 13,106 0 0
HARMONIC LIGHTWAVES COMMON 413160102 1,260 231,788 SH   SOLE 1 231,788 0 0
HARRIS CORP. COMMON 413875105 357 8,575 SH   SOLE 1 8,575 0 0
HARTFORD FINANCIAL SERVICES COMMON 416515104 872 39,430 SH   SOLE 1 39,430 0 0
HAWAIIAN HOLDINGS INC COMMON 419879101 1,044 202,012 SH   SOLE 1 202,012 0 0
HCC INSURANCE HOLDINGS INC COMMON 404132102 273 11,065 SH   SOLE 1 11,065 0 0
H J HEINZ CO. COMMON 423074103 3,366 77,900 SH   SOLE 1 77,900 0 0
HELMERICH & PAYNE INC. COMMON 423452101 253 6,950 SH   SOLE 1 6,950 0 0
HENRY JACK & ASSOCIATES INC. COMMON 426281101 503 21,084 SH   SOLE 1 21,084 0 0
HERBALIFE LTD COMMON G4412G101 2,650 57,563 SH   SOLE 1 57,563 0 0
HESS CORPORATION COMMON 42809H107 849 16,885 SH   SOLE 1 16,885 0 0
HEWLETT PACKARD CORP. COMMON 428236103 2,430 56,161 SH   SOLE 1 56,161 0 0
HHGREGG INC COMMON 42833L108 2,197 94,238 SH   SOLE 1 94,238 0 0
HOME PROPERTIES OF NEW YORK COMMON 437306103 164 3,645 SH   SOLE 1 3,645 0 0
HONEYWELL INTERNATIONAL INC COMMON 438516106 4,080 104,537 SH   SOLE 1 104,537 0 0
HORMEL CO COMMON 440452100 1,029 25,443 SH   SOLE 1 25,443 0 0
HOSPITALITY PROPERTIES TRUST COMMON 44106M102 662 31,400 SH   SOLE 1 31,400 0 0
HUB GROUP INC-CL A COMMON 443320106 184 6,138 SH   SOLE 1 6,138 0 0
HUBBELL (HARVEY) INC CLASS B COMMON 443510201 712 17,956 SH   SOLE 1 17,956 0 0
HUMANA INC. COMMON 444859102 1,433 31,382 SH   SOLE 1 31,382 0 0
IBERIABANK CORP COMMON 450828108 1,047 20,345 SH   SOLE 1 20,345 0 0
ICU MEDICAL INC COMMON 44930G107 1,272 39,568 SH   SOLE 1 39,568 0 0
IDACORP INC COMMON 451107106 1,337 40,192 SH   SOLE 1 40,192 0 0
ILLINOIS TOOL WORKS COMMON 452308109 1,554 37,660 SH   SOLE 1 37,660 0 0
IMMUCOR INC COMMON 452526106 356 18,721 SH   SOLE 1 18,721 0 0
IMPAX LABORATORIES INC COMMON 45256B101 268 14,083 SH   SOLE 1 14,083 0 0
INFOSPACE INC COMMON 45678T300 163 21,720 SH   SOLE 1 21,720 0 0
INGRAM MICRO INC-CL A COMMON 457153104 437 28,800 SH   SOLE 1 28,800 0 0
INTEL CORP. COMMON 458140100 5,032 258,751 SH   SOLE 1 258,751 0 0
INTERACTIVE INTELLIGENCE INC COMMON 45839M103 1,082 65,905 SH   SOLE 1 65,905 0 0
INTERCONTINENTAL EXCHANGE IN COMMON 45866F104 1,746 15,450 SH   SOLE 1 15,450 0 0
INTERDIGITAL INC COMMON 45867G101 72 2,937 SH   SOLE 1 2,937 0 0
INTERNATIONAL BUSINESS COMMON 459200101 43 350 SH   SOLE 1 350 0 0
INTERNATIONAL COAL GROUP INC COMMON 45928H106 1,055 274,226 SH   SOLE 1 274,226 0 0
INTERNATIONAL PAPER CO. COMMON 460146103 574 25,384 SH   SOLE 1 25,384 0 0
ITT CORP COMMON 450911201 814 18,132 SH   SOLE 1 18,132 0 0
J2 GLOBAL COMMUNICATIONS INC COMMON 48123V102 806 36,946 SH   SOLE 1 36,946 0 0
JACOBS ENGINEERING GROUP INC COMMON 469814107 1,918 52,655 SH   SOLE 1 52,655 0 0
JAMES RIVER COAL CO COMMON 470355207 1,313 82,505 SH   SOLE 1 82,505 0 0
JDA SOFTWARE GROUP INC COMMON 46612K108 214 9,763 SH   SOLE 1 9,763 0 0
JM SMUCKER CO/THE-NEW COM COMMON 832696405 950 15,790 SH   SOLE 1 15,790 0 0
JO-ANN STORES INC COMMON 47758P307 1,453 38,759 SH   SOLE 1 38,759 0 0
JOHNSON & JOHNSON COMMON 478160104 91 1,550 SH   SOLE 1 1,550 0 0
JOHNSON CONTROLS COMMON 478366107 424 15,793 SH   SOLE 1 15,793 0 0
JOS A BANK CLOTHIERS INC COMMON 480838101 242 4,499 SH   SOLE 1 4,499 0 0
JOY GLOBAL INC COMMON 481165108 2,073 41,396 SH   SOLE 1 41,396 0 0
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KELLOGG CO. COMMON 487836108 2,952 58,700 SH   SOLE 1 58,700 0 0
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KINETIC CONCEPTS INC COMMON 49460W208 796 21,825 SH   SOLE 1 21,825 0 0
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KROGER CO. COMMON 501044101 48 2,450 SH   SOLE 1 2,450 0 0
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LABORATORY CORP OF AMERICA COMMON 50540R409 2,584 34,300 SH   SOLE 1 34,300 0 0
LAKELAND FINANCIAL CORP COMMON 511656100 645 32,328 SH   SOLE 1 32,328 0 0
LAM RESEARCH CORP COMMON 512807108 1,536 40,360 SH   SOLE 1 40,360 0 0
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LANDSTAR SYS INC. COMMON 515098101 2,000 51,300 SH   SOLE 1 51,300 0 0
LEGG MASON INC COMMON 524901105 977 34,890 SH   SOLE 1 34,890 0 0
LEHMAN BROTHERS HLDGS COMMON 524908100 0 2,150 SH   SOLE 1 2,150 0 0
LEIDOS HLDGS INC COMMON 525327102 337 20,180 SH   SOLE 1 20,180 0 0
LIFE TECHNOLOGIES CORP COMMON 53217V109 961 20,350 SH   SOLE 1 20,350 0 0
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LUBRIZOL CORP. COMMON 549271104 2,441 30,405 SH   SOLE 1 30,405 0 0
LULULEMON ATHLETICA INC COMMON 550021109 1,068 28,708 SH   SOLE 1 28,708 0 0
M & T BANK CORPORATION COMMON 55261F104 423 4,985 SH   SOLE 1 4,985 0 0
MACK-CALI REALTY CORP COMMON 554489104 21 725 SH   SOLE 1 725 0 0
MAGELLAN HEALTH SERVICES INC COMMON 559079207 1,387 38,194 SH   SOLE 1 38,194 0 0
MARATHON OIL CORP COMMON 565849106 2,163 69,598 SH   SOLE 1 69,598 0 0
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MEADOWBROOK INSURANCE GROUP COMMON 58319P108 924 107,094 SH   SOLE 1 107,094 0 0
MEADWESTVACO CORP COMMON 583334107 1,127 50,809 SH   SOLE 1 50,809 0 0
MEDIASET SPA-SPONSORED ADR ADR 584469407 2 166 SH   SOLE 1 166 0 0
MEDICINES COMPANY COMMON 584688105 179 23,566 SH   SOLE 1 23,566 0 0
MEDICIS PHARMACEUTICAL CORP COMMON 584690309 73 3,380 SH   SOLE 1 3,380 0 0
MEDIFAST INC COMMON 58470H101 183 7,081 SH   SOLE 1 7,081 0 0
MEDNAX INC COMMON 58502B106 1,422 25,588 SH   SOLE 1 25,588 0 0
METLIFE INC COMMON 59156R108 57 1,525 SH   SOLE 1 1,525 0 0
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MICROSOFT CORP. COMMON 594918104 5,077 220,665 SH   SOLE 1 220,665 0 0
MID-AMERICA APARTMENT COMM COMMON 59522J103 549 10,670 SH   SOLE 1 10,670 0 0
MIDDLEBY CORP COMMON 596278101 1,434 26,961 SH   SOLE 1 26,961 0 0
MIPS TECHNOLOGIES INC COMMON 604567107 265 52,007 SH   SOLE 1 52,007 0 0
MOHAWK INDUSTRIES INC COMMON 608190104 55 1,220 SH   SOLE 1 1,220 0 0
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MURPHY OIL CORP. COMMON 626717102 390 7,880 SH   SOLE 1 7,880 0 0
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NASDAQ STOCK MARKET INC COMMON 631103108 905 50,940 SH   SOLE 1 50,940 0 0
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OMNICOM GROUP COMMON 681919106 3,310 96,513 SH   SOLE 1 96,513 0 0
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PHARMERICA CORP COMMON 71714F104 0 54 SH   SOLE 1 54 0 0
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PRINCIPAL FINANCIAL GROUP COMMON 74251V102 307 13,114 SH   SOLE 1 13,114 0 0
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RENASANT CORP COMMON 75970E107 591 41,190 SH   SOLE 1 41,190 0 0
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REYNOLDS AMERICAN INC COMMON 761713106 466 8,946 SH   SOLE 1 8,946 0 0
ROCK-TENN COMPANY -CL A COMMON 772739207 1,638 32,989 SH   SOLE 1 32,989 0 0
ROCKWELL AUTOMATION INC COMMON 773903109 350 7,145 SH   SOLE 1 7,145 0 0
ROCKWELL COLLINS COMMON 774341101 50 950 SH   SOLE 1 950 0 0
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