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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCENTURE LIMITED COMMON G1150G111   3,737 111,709 SH   SOLE 1 111,709 0 0
ACE LTD COMMON H0023R105   2,245 50,780 SH   SOLE 1 50,780 0 0
ACME PACKET INC COMMON 004764106   589 58,253 SH   SOLE 1 58,253 0 0
WATSON PHARMACEUTICALS COMMON 00507K103   1,643 48,793 SH   SOLE 1 48,793 0 0
ACTUANT CORP-CL A COMMON 00508X203   169 13,871 SH   SOLE 1 13,871 0 0
ADC TELECOMMUNICATION COMMON 000886309   850 106,796 SH   SOLE 1 106,796 0 0
ADMINISTAFF INC COMMON 007094105   619 26,617 SH   SOLE 1 26,617 0 0
ADTRAN INC COMMON 00738A106   202 9,435 SH   SOLE 1 9,435 0 0
AECOM TECHNOLOGY CORP COMMON 00766T100   78 2,440 SH   SOLE 1 2,440 0 0
AEROPOSTALE INC COMMON 007865108   252 7,381 SH   SOLE 1 7,381 0 0
AETNA INC NEW COMMON 00817Y108   1,161 46,375 SH   SOLE 1 46,375 0 0
AFFILIATED COMPUTER SVCS-A COMMON 008190100   1 37 SH   SOLE 1 37 0 0
AFLAC CORP. COMMON 001055102   1,758 56,577 SH   SOLE 1 56,577 0 0
AIRGAS INC. COMMON 009363102   846 20,887 SH   SOLE 1 20,887 0 0
ALCOA INC COMMON 013817101   7 725 SH   SOLE 1 725 0 0
ALEXANDRIA REAL ESTATE EQUIT COMMON 015271109   105 2,940 SH   SOLE 1 2,940 0 0
ALIGN TECHNOLOGY INC COMMON 016255101   349 32,940 SH   SOLE 1 32,940 0 0
ALLSTATE CORP. COMMON 020002101   773 31,715 SH   SOLE 1 31,715 0 0
ALPHA NATURAL RESOURCES INC COMMON 02076X102   888 33,840 SH   SOLE 1 33,840 0 0
ALTERA CORPORATION COMMON 021441100   188 11,562 SH   SOLE 1 11,562 0 0
ALTRIA GROUP INC COMMON 02209S103   18 1,125 SH   SOLE 1 1,125 0 0
AMAG PHARMACEUTICALS INC COMMON 00163U106   259 4,745 SH   SOLE 1 4,745 0 0
AMEDISYS INC COMMON 023436108   1,262 38,236 SH   SOLE 1 38,236 0 0
AMEREN CORP COMMON 023608102   436 17,550 SH   SOLE 1 17,550 0 0
AMERICAN EXPRESS CO. COMMON 025816109   1,029 44,318 SH   SOLE 1 44,318 0 0
AMERICAN FINANCIAL GROUP INC COMMON 025932104   1,548 71,736 SH   SOLE 1 71,736 0 0
AMERICAN INTERNATIONAL GROUP COMMON 026874784   0 697 SH   SOLE 1 697 0 0
AMERICAN SCIENCE & ENGINEERIN COMMON 029429107   235 3,411 SH   SOLE 1 3,411 0 0
AMERICAN TOWER CORP CL A COMMON 03027X100   928 29,464 SH   SOLE 1 29,464 0 0
AMERISOURCEBERGEN CORP COMMON 03073E105   450 25,376 SH   SOLE 1 25,376 0 0
AMGEN COMMON 031162100   695 13,130 SH   SOLE 1 13,130 0 0
AMPHENOL CORP-CL A COMMON 032095101   2,380 75,240 SH   SOLE 1 75,240 0 0
ANALOG DEVICES INC. COMMON 032654105   1,000 40,395 SH   SOLE 1 40,395 0 0
ANDERSONS INC/THE COMMON 034164103   237 7,920 SH   SOLE 1 7,920 0 0
ANIXTER INTERNATIONAL INC COMMON 035290105   932 24,811 SH   SOLE 1 24,811 0 0
WELLPOINT INC. COMMON 036752103   1,727 33,941 SH   SOLE 1 33,941 0 0
AON CORP COMMON 037389103   715 18,883 SH   SOLE 1 18,883 0 0
APACHE CORP COMMON 037411105   2,380 33,000 SH   SOLE 1 33,000 0 0
APOGEE ENTERPRISES COMMON 037598109   186 15,162 SH   SOLE 1 15,162 0 0
APOLLO GROUP INC-CL A COMMON 037604105   2,274 31,981 SH   SOLE 1 31,981 0 0
APPLE INC. COMMON 037833100   5,592 39,262 SH   SOLE 1 39,262 0 0
ARCH CAPITAL GROUP LTD COMMON G0450A105   242 4,140 SH   SOLE 1 4,140 0 0
ARCHER DANIELS MIDLAND CO. COMMON 039483102   1,009 37,694 SH   SOLE 1 37,694 0 0
ARGO FROUP INTERNATIONAL COMMON G0464B107   109 3,896 SH   SOLE 1 3,896 0 0
ARRIS GROUP INC COMMON 04270V106   1,686 138,594 SH   SOLE 1 138,594 0 0
ASPEN INSURANCE HOLDINGS LTD COMMON G05384105   243 10,880 SH   SOLE 1 10,880 0 0
ASSURANT INC COMMON 04621X108   617 25,640 SH   SOLE 1 25,640 0 0
AT&T INC COMMON 00206R102   879 35,415 SH   SOLE 1 35,415 0 0
ATLANTIC TELE NETWORK INC COMMON 049079205   1,182 30,085 SH   SOLE 1 30,085 0 0
AUTODESK INC COMMON 052769106   704 37,123 SH   SOLE 1 37,123 0 0
AUTOZONE INC COMMON 053332102   1,586 10,498 SH   SOLE 1 10,498 0 0
AVALONBAY COMMUNITIES INC COMMON 053484101   412 7,381 SH   SOLE 1 7,381 0 0
HARRIS STRATEX NETWORKS INC COMMON 05366Y102   636 98,286 SH   SOLE 1 98,286 0 0
AVIS BUDGET GROUP INC COMMON 053774105   2 377 SH   SOLE 1 377 0 0
AVISTA CORPORATION COMMON 05379B107   79 4,460 SH   SOLE 1 4,460 0 0
AVOCENT CORPORATION COMMON 053893103   908 65,084 SH   SOLE 1 65,084 0 0
AZZ INCORPORATED COMMON 002474104   1,522 44,233 SH   SOLE 1 44,233 0 0
BE AEROSPACE INC. COMMON 073302101   1,411 98,286 SH   SOLE 1 98,286 0 0
BAKER (MICHAEL) CORP COMMON 057149106   756 17,859 SH   SOLE 1 17,859 0 0
BAKER HUGHES INC. COMMON 057224107   4,435 121,733 SH   SOLE 1 121,733 0 0
BALLY TECHNOLOGIES INC. COMMON 05874B107   334 11,167 SH   SOLE 1 11,167 0 0
BANCO BILBAO VIZCAYA SP ADR ADR 05946K101   39 3,129 SH   SOLE 1 3,129 0 0
BANCORPSOUTH INC COMMON 059692103   885 43,150 SH   SOLE 1 43,150 0 0
BANK OF AMERICA CORP COMMON 060505104   32 2,492 SH   SOLE 1 2,492 0 0
BANK OF HAWAII CORPORATION COMMON 062540109   2,160 60,301 SH   SOLE 1 60,301 0 0
BANKNORTH GROUP INC COMMON 06646R107   0 2,675 SH   SOLE 1 2,675 0 0
BANKRATE INC COMMON 06646V108   213 8,468 SH   SOLE 1 8,468 0 0
BAXTER INTL. INC. COMMON 071813109   2,076 39,200 SH   SOLE 1 39,200 0 0
BB&T CORP COMMON 054937107   972 44,265 SH   SOLE 1 44,265 0 0
BELDEN CDT INC COMMON 077454106   712 42,670 SH   SOLE 1 42,670 0 0
BERRY PETROLEUM CO CLASS A COMMON 085789105   1,236 66,522 SH   SOLE 1 66,522 0 0
BEST BUY CO. INC. COMMON 086516101   317 9,480 SH   SOLE 1 9,480 0 0
BHP LIMITED - SPONS ADR ADR 088606108   2,033 37,150 SH   SOLE 1 37,150 0 0
BIG LOTS INC COMMON 089302103   352 16,770 SH   SOLE 1 16,770 0 0
TECHNE CORP COMMON 09073M104   76 1,200 SH   SOLE 1 1,200 0 0
BIOGEN IDEC INC COMMON 09062X103   1,859 41,175 SH   SOLE 1 41,175 0 0
BIOMED REALTY TRUST INC COMMON 09063H107   1,032 100,923 SH   SOLE 1 100,923 0 0
BJ SERVICES CO. COMMON 055482103   641 47,029 SH   SOLE 1 47,029 0 0
BJ'S WHOLESALE CLUB INC COMMON 05548J106   577 17,920 SH   SOLE 1 17,920 0 0
H & R BLOCK COMMON 093671105   359 20,861 SH   SOLE 1 20,861 0 0
BRANDYWINE REALTY TRUST COMMON 105368203   1,297 174,158 SH   SOLE 1 174,158 0 0
BRINK'S CO COMMON 109696104   727 25,060 SH   SOLE 1 25,060 0 0
BROADCOM CORP - CL A COMMON 111320107   1,938 78,215 SH   SOLE 1 78,215 0 0
BWAY HOLDING CO COMMON 12429T104   535 30,564 SH   SOLE 1 30,564 0 0
CA INC COMMON 12673P105   1,716 98,468 SH   SOLE 1 98,468 0 0
CAL-MAINE FOODS INC COMMON 128030202   390 15,650 SH   SOLE 1 15,650 0 0
CAMERON INTERNATIONAL CORP COMMON 13342B105   1,579 55,826 SH   SOLE 1 55,826 0 0
CAMPBELL SOUP CO. COMMON 134429109   1,663 56,530 SH   SOLE 1 56,530 0 0
CAPELLA EDUCATION CO COMMON 139594105   1,157 19,297 SH   SOLE 1 19,297 0 0
CAPITAL ONE FINL CORP. COMMON 14040H105   516 23,615 SH   SOLE 1 23,615 0 0
CARBO CERAMICS INC COMMON 140781105   163 4,782 SH   SOLE 1 4,782 0 0
CAREER EDUCATION CORP COMMON 141665109   335 13,495 SH   SOLE 1 13,495 0 0
CARNIVAL CORP COMMON 143658300   295 11,480 SH   SOLE 1 11,480 0 0
CARPENTER TECHNOLOGY CORP. COMMON 144285103   648 31,164 SH   SOLE 1 31,164 0 0
CASEY S GENERAL STORES INC COMMON 147528103   285 11,100 SH   SOLE 1 11,100 0 0
CATALYST HEALTH SOLUTIONS INC COMMON 14888B103   226 9,067 SH   SOLE 1 9,067 0 0
CATERPILLAR INC. COMMON 149123101   390 11,815 SH   SOLE 1 11,815 0 0
CBS CORP CL B COMMON 124857202   2 425 SH   SOLE 1 425 0 0
CEC ENTERTAINMENT INC COMMON 125137109   201 6,846 SH   SOLE 1 6,846 0 0
CELANESE CORP - SERIES A COMMON 150870103   1,191 50,183 SH   SOLE 1 50,183 0 0
CELERA CORP COMMON 15100E106   158 20,769 SH   SOLE 1 20,769 0 0
CENTURYTEL INC COMMON 156700106   2,248 73,252 SH   SOLE 1 73,252 0 0
CENVEO INC COMMON 15670S105   71 16,819 SH   SOLE 1 16,819 0 0
CEPHEID INC COMMON 15670R107   190 20,233 SH   SOLE 1 20,233 0 0
CF INDUSTRIES HOLDINGS INC COMMON 125269100   2,489 33,577 SH   SOLE 1 33,577 0 0
CH ROBINSON WORLDWIDE INC COMMON 12541W209   1,353 25,956 SH   SOLE 1 25,956 0 0
CHARLES SCHWAB CORP. COMMON 808513105   1,924 109,693 SH   SOLE 1 109,693 0 0
CHEMED CORPORATION COMMON 16359R103   189 4,803 SH   SOLE 1 4,803 0 0
CHESAPEAKE ENERGY CORP COMMON 165167107   310 15,655 SH   SOLE 1 15,655 0 0
CHEVRON CORP COMMON 166764100   4,318 65,178 SH   SOLE 1 65,178 0 0
CHURCH & DWIGHT INC DEL COM COMMON 171340102   1,543 28,426 SH   SOLE 1 28,426 0 0
CISCO SYSTEMS COMMON 17275R102   3,981 213,470 SH   SOLE 1 213,470 0 0
CITI TRENDS INC COMMON 17306X102   553 21,398 SH   SOLE 1 21,398 0 0
CITIGROUP INC COMMON 172967424   8 2,766 SH   SOLE 1 2,766 0 0
CITY HOLDING CO COMMON 177835105   647 21,335 SH   SOLE 1 21,335 0 0
CLIFFS NATURAL RESOURCES INC COMMON 18683K101   414 16,932 SH   SOLE 1 16,932 0 0
CME GROUP INC. COMMON 12572Q105   570 1,835 SH   SOLE 1 1,835 0 0
COACH INC COMMON 189754104   2,496 92,880 SH   SOLE 1 92,880 0 0
COCA-COLA ENTERPRISES COMMON 191219104   536 32,240 SH   SOLE 1 32,240 0 0
COGENT INC COMMON 19239Y108   144 13,463 SH   SOLE 1 13,463 0 0
COGO GROUP INC COMMON 192448108   170 28,580 SH   SOLE 1 28,580 0 0
COLGATE PALMOLIVE CO. COMMON 194162103   1,655 23,400 SH   SOLE 1 23,400 0 0
COMCAST CORP-CL A COMMON 20030N101   1,340 92,703 SH   SOLE 1 92,703 0 0
COMCAST CORP-SPECIAL CL A COMMON 20030N200   29 2,103 SH   SOLE 1 2,103 0 0
COMERICA INC. COMMON 200340107   375 17,745 SH   SOLE 1 17,745 0 0
COMMSCOPE INC COMMON 203372107   1,123 42,790 SH   SOLE 1 42,790 0 0
COMPUWARE CORP COMMON 205638109   792 115,462 SH   SOLE 1 115,462 0 0
COMTECH TELECOMMUNICATIONS COMMON 205826209   1,254 39,344 SH   SOLE 1 39,344 0 0
CONAGRA INC. COMMON 205887102   48 2,525 SH   SOLE 1 2,525 0 0
CONOCOPHILLIPS COMMON 20825C104   780 18,560 SH   SOLE 1 18,560 0 0
CONSOL ENERGY INC COMMON 20854P109   1,439 42,377 SH   SOLE 1 42,377 0 0
CONSOLIDATED GRAPHIC INC COMMON 209341106   105 6,056 SH   SOLE 1 6,056 0 0
COOPER INDUSTRIES LTD CL A COMMON G24182100   1,524 49,105 SH   SOLE 1 49,105 0 0
CORPORATE EXECUTIVE BOARD CO COMMON 21988R102   155 7,500 SH   SOLE 1 7,500 0 0
COUSINS PROPERTIES INC. COMMON 222795106   193 22,777 SH   SOLE 1 22,777 0 0
COVENTRY HEALTH CARE INC COMMON 222862104   700 37,440 SH   SOLE 1 37,440 0 0
CRACKER BARREL OLD COUNTRY COMMON 22410J106   145 5,209 SH   SOLE 1 5,209 0 0
CRANE CO COMMON 224399105   879 39,434 SH   SOLE 1 39,434 0 0
CSG SYSTEMS INTL INC COMMON 126349109   219 16,564 SH   SOLE 1 16,564 0 0
CSX CORP. COMMON 126408103   1,224 35,362 SH   SOLE 1 35,362 0 0
CUBIST PHARMACEUTICALS INC COMMON 229678107   1,326 72,360 SH   SOLE 1 72,360 0 0
CVS CORP COMMON 126650100   1,860 58,391 SH   SOLE 1 58,391 0 0
CYBERONICS INC COMMON 23251P102   171 10,311 SH   SOLE 1 10,311 0 0
CYBERSOURCE CORP COMMON 23251J106   827 54,057 SH   SOLE 1 54,057 0 0
CYPRESS BIOSCIENCE INC COMMON 232674507   144 15,293 SH   SOLE 1 15,293 0 0
DARDEN RESTAURANTS INC. COMMON 237194105   342 10,390 SH   SOLE 1 10,390 0 0
DECKERS OUTDOOR CORP COMMON 243537107   919 13,087 SH   SOLE 1 13,087 0 0
DELL INC COMMON 24702R101   1,387 101,092 SH   SOLE 1 101,092 0 0
DELUXE CORP COMMON 248019101   247 19,350 SH   SOLE 1 19,350 0 0
DEVRY INC COMMON 251893103   426 8,531 SH   SOLE 1 8,531 0 0
DIAMOND OFFSHORE DRILLING COMMON 25271C102   284 3,420 SH   SOLE 1 3,420 0 0
DIGITAL RIVER INC COMMON 25388B104   1,131 31,164 SH   SOLE 1 31,164 0 0
DIONEX CORP COMMON 254546104   111 1,820 SH   SOLE 1 1,820 0 0
DISCOVER FINANCIAL SERVICES COMMON 254709108   629 61,295 SH   SOLE 1 61,295 0 0
WALT DISNEY CO. COMMON 254687106   342 14,700 SH   SOLE 1 14,700 0 0
DOLLAR TREE INC COMMON 256746108   1,440 34,212 SH   SOLE 1 34,212 0 0
DOMINION RESOURCES INC COMMON 25746U109   1,968 58,910 SH   SOLE 1 58,910 0 0
DPL INC. COMMON 233293109   1,181 50,976 SH   SOLE 1 50,976 0 0
DREAMWORKS ANIMATION SKG-A COMMON 26153C103   1,035 37,516 SH   SOLE 1 37,516 0 0
DRIL-QUIP INC COMMON 262037104   315 8,280 SH   SOLE 1 8,280 0 0
DTE ENERGY CO COMMON 233331107   757 23,660 SH   SOLE 1 23,660 0 0
E I DU PONT DE NEMOURS & CO. COMMON 263534109   11 450 SH   SOLE 1 450 0 0
DUKE REALTY CORP COMMON 264411505   429 48,960 SH   SOLE 1 48,960 0 0
DUN & BRADSTREET CORP NEW COMMON 26483E100   2,062 25,395 SH   SOLE 1 25,395 0 0
DUPONT FABROS TECHNOLOGY INC COMMON 26613Q106   1,024 108,714 SH   SOLE 1 108,714 0 0
EASTMAN CHEMICAL CO. COMMON 277432100   627 16,562 SH   SOLE 1 16,562 0 0
EBAY INC COMMON 278642103   2,912 170,040 SH   SOLE 1 170,040 0 0
ECLIPSYS CORP COMMON 278856109   209 11,775 SH   SOLE 1 11,775 0 0
ECOLAB INC. COMMON 278865100   44 1,140 SH   SOLE 1 1,140 0 0
EDISON INTERNATIONAL COMMON 281020107   2,560 81,397 SH   SOLE 1 81,397 0 0
EMC CORP COMMON 268648102   1,260 96,204 SH   SOLE 1 96,204 0 0
EMCOR GROUP INC. COMMON 29084Q100   324 16,152 SH   SOLE 1 16,152 0 0
EMERGENCY MEDICAL SERVICES -A COMMON 29100P102   865 23,493 SH   SOLE 1 23,493 0 0
EMERSON ELECTRIC CO. COMMON 291011104   509 15,739 SH   SOLE 1 15,739 0 0
ENDO PHARMACEUT HOLDINGS INC COMMON 29264F205   1,427 79,681 SH   SOLE 1 79,681 0 0
ENERGIZER HOLDINGS INC COMMON 29266R108   3,179 60,870 SH   SOLE 1 60,870 0 0
ENERSYS COMMON 29275Y102   1,013 55,701 SH   SOLE 1 55,701 0 0
ENGLOBAL CORP COMMON 293306106   322 65,574 SH   SOLE 1 65,574 0 0
ENSCO INTERNATIONAL INC. COMMON 26874Q100   1,551 44,483 SH   SOLE 1 44,483 0 0
ENTERGY CORP. NEW COMMON 29364G103   104 1,350 SH   SOLE 1 1,350 0 0
ENTERTAINMENT PROPERTIES TR COMMON 26884U109   1,079 52,379 SH   SOLE 1 52,379 0 0
EQUIFAX INC COMMON 294429105   384 14,714 SH   SOLE 1 14,714 0 0
ESSEX PROPERTY TR REIT COMMON 297178105   171 2,760 SH   SOLE 1 2,760 0 0
EXELON CORPORATION COMMON 30161N101   1,668 32,579 SH   SOLE 1 32,579 0 0
EXPEDITORS INTL WASH INC COMMON 302130109   827 24,810 SH   SOLE 1 24,810 0 0
EXPRESS SCRIPTS COMMON 302182100   3,846 55,945 SH   SOLE 1 55,945 0 0
EXXON MOBIL CORPORATION COMMON 30231G102   2,885 41,274 SH   SOLE 1 41,274 0 0
EZCORP INC - CL A COMMON 302301106   705 65,427 SH   SOLE 1 65,427 0 0
F5 NETWORKS INC COMMON 315616102   442 12,780 SH   SOLE 1 12,780 0 0
FAIRPOINT COMMUNICATIONS INC COMMON 305560104   0 36 SH   SOLE 1 36 0 0
FED NAT'L MTG ASSN COMMON 313586109   0 350 SH   SOLE 1 350 0 0
FEDERATED INVESTORS INC CL B COMMON 314211103   416 17,300 SH   SOLE 1 17,300 0 0
FIRST CASH FINL SVCS INC COMMON 31942D107   206 11,769 SH   SOLE 1 11,769 0 0
FIRST DATA CORP. COMMON 319963104   11 325 SH   SOLE 1 325 0 0
FIRSTENERGY CORP COMMON 337932107   457 11,800 SH   SOLE 1 11,800 0 0
FLIR SYSTEMS INC COMMON 302445101   1,935 85,800 SH   SOLE 1 85,800 0 0
FLOWERS FOODS INC. COMMON 343498101   181 8,312 SH   SOLE 1 8,312 0 0
FLOWSERVE CORP COMMON 34354P105   1,017 14,572 SH   SOLE 1 14,572 0 0
FLUOR CORP (NEW) COMMON 343412102   2,317 45,182 SH   SOLE 1 45,182 0 0
FLUSHING FINANCIAL CORP COMMON 343873105   902 96,488 SH   SOLE 1 96,488 0 0
FMC CORPORATION (NEW) COMMON 302491303   1,163 24,591 SH   SOLE 1 24,591 0 0
FORCE PROTECTION INC COMMON 345203202   130 14,740 SH   SOLE 1 14,740 0 0
FOSSIL INC COMMON 34988V106   883 36,678 SH   SOLE 1 36,678 0 0
FRANKLIN RESOURCES INC. COMMON 354613101   2,529 35,130 SH   SOLE 1 35,130 0 0
GALLAGHER ARTHUR J & CO COM COMMON 363576109   19 925 SH   SOLE 1 925 0 0
GARDNER DENVER INC COMMON 365558105   811 32,242 SH   SOLE 1 32,242 0 0
GARTNER GROUP CLASS A COMMON 366651107   119 7,835 SH   SOLE 1 7,835 0 0
GENERAL DYNAMICS CORP. COMMON 369550108   1,241 22,422 SH   SOLE 1 22,422 0 0
GENERAL ELECTRIC CO. COMMON 369604103   19 1,625 SH   SOLE 1 1,625 0 0
GENERAL MILLS INC. COMMON 370334104   564 10,070 SH   SOLE 1 10,070 0 0
GENOPTIX INC COMMON 37243V100   947 29,606 SH   SOLE 1 29,606 0 0
GILEAD SCIENCES INC. COMMON 375558103   3,152 67,312 SH   SOLE 1 67,312 0 0
GLACIER BANCORP INC COMMON 37637Q105   897 60,769 SH   SOLE 1 60,769 0 0
GLOBAL CASH ACCESS HOLDINGS COMMON 378967103   239 30,069 SH   SOLE 1 30,069 0 0
GOLDMAN SACHS GROUP INC COMMON 38141G104   877 5,949 SH   SOLE 1 5,949 0 0
B. F. GOODRICH COMMON 382388106   1,254 25,107 SH   SOLE 1 25,107 0 0
W W GRAINGER INC COMMON 384802104   2,102 25,680 SH   SOLE 1 25,680 0 0
GT SOLAR INTERNATIONAL INC COMMON 36191U106   804 150,904 SH   SOLE 1 150,904 0 0
GULFMARK OFFSHORE INC COMMON 402629109   562 20,377 SH   SOLE 1 20,377 0 0
HALLIBURTON CO. COMMON 406216101   354 17,119 SH   SOLE 1 17,119 0 0
HARBIN ELECTRIC INC COMMON 41145W109   525 33,596 SH   SOLE 1 33,596 0 0
HARMONIC LIGHTWAVES COMMON 413160102   904 153,542 SH   SOLE 1 153,542 0 0
HARRIS CORP. COMMON 413875105   315 11,115 SH   SOLE 1 11,115 0 0
HASBRO INC COMMON 418056107   365 15,089 SH   SOLE 1 15,089 0 0
HAWAIIAN HOLDINGS INC COMMON 419879101   1,265 210,290 SH   SOLE 1 210,290 0 0
HEARTLAND EXPRESS INC. COMMON 422347104   159 10,847 SH   SOLE 1 10,847 0 0
H J HEINZ CO. COMMON 423074103   3,345 93,715 SH   SOLE 1 93,715 0 0
HERBALIFE LTD COMMON G4412G101   2,633 83,490 SH   SOLE 1 83,490 0 0
HERSHEY FOODS CORP. COMMON 427866108   133 3,720 SH   SOLE 1 3,720 0 0
HEWLETT PACKARD CORP. COMMON 428236103   4,332 112,103 SH   SOLE 1 112,103 0 0
HILLSHIRE BRAND COMMON 432589109   941 96,513 SH   SOLE 1 96,513 0 0
HMS HOLDINGS CORP COMMON 40425J101   246 6,058 SH   SOLE 1 6,058 0 0
HONEYWELL INTERNATIONAL INC COMMON 438516106   1,774 56,500 SH   SOLE 1 56,500 0 0
HORNBECK OFFSHORE SERVICES COMMON 440543106   461 21,575 SH   SOLE 1 21,575 0 0
HUDSON CITY BANCORP INC COMMON 443683107   1,002 75,400 SH   SOLE 1 75,400 0 0
HUMANA INC. COMMON 444859102   1,768 54,830 SH   SOLE 1 54,830 0 0
HURON CONSULTING GROUP INC COMMON 447462102   653 14,143 SH   SOLE 1 14,143 0 0
ICU MEDICAL INC COMMON 44930G107   1,065 25,890 SH   SOLE 1 25,890 0 0
IDEARC INC COMMON 451663108   0 97 SH   SOLE 1 97 0 0
IMMUCOR INC COMMON 452526106   180 13,105 SH   SOLE 1 13,105 0 0
INTERCONTINENTAL EXCHANGE INC COMMON 45866F104   856 7,500 SH   SOLE 1 7,500 0 0
INTERDIGITAL INC COMMON 45867G101   1,209 49,503 SH   SOLE 1 49,503 0 0
INTERNATIONAL BUSINESS COMMON 459200101   3,716 35,592 SH   SOLE 1 35,592 0 0
INTERNATIONAL PAPER CO. COMMON 460146103   74 4,940 SH   SOLE 1 4,940 0 0
INTREPID POTASH INC COMMON 46121Y102   881 31,404 SH   SOLE 1 31,404 0 0
INVESCO LTD COMMON G491BT108   783 43,945 SH   SOLE 1 43,945 0 0
IPC HOLDINGS LTD COMMON G4933P101   978 35,787 SH   SOLE 1 35,787 0 0
ISHARES RUSSELL 1000 VALUE COMMON 464287598   468 9,845 SH   SOLE 1 9,845 0 0
ITT CORP COMMON 450911201   806 18,132 SH   SOLE 1 18,132 0 0
J & J SNACK FOODS CORP COMMON 466032109   864 24,092 SH   SOLE 1 24,092 0 0
J2 GLOBAL COMMUNICATIONS INC COMMON 48123V102   1,400 62,088 SH   SOLE 1 62,088 0 0
JACK IN THE BOX INC. COMMON 466367109   1,157 51,540 SH   SOLE 1 51,540 0 0
JACOBS ENGINEERING GROUP INC COMMON 469814107   238 5,660 SH   SOLE 1 5,660 0 0
JAMES RIVER COAL CO COMMON 470355207   115 7,621 SH   SOLE 1 7,621 0 0
JOHNSON & JOHNSON COMMON 478160104   3,340 58,804 SH   SOLE 1 58,804 0 0
JOY GLOBAL INC COMMON 481165108   582 16,300 SH   SOLE 1 16,300 0 0
JPMORGAN CHASE & CO COMMON 46625H100   3,122 91,553 SH   SOLE 1 91,553 0 0
KBR INC COMMON 48242W106   136 7,400 SH   SOLE 1 7,400 0 0
KELLOGG CO. COMMON 487836108   2,733 58,700 SH   SOLE 1 58,700 0 0
GREEN MOUNTAIN COFFEE INC COMMON 49271M100   332 5,620 SH   SOLE 1 5,620 0 0
KILROY REALTY CORP COMMON 49427F108   164 8,000 SH   SOLE 1 8,000 0 0
KIMBERLY CLARK CORP. COMMON 494368103   890 16,987 SH   SOLE 1 16,987 0 0
KNIGHT CAPITAL GROUP INC A COMMON 499005106   801 47,025 SH   SOLE 1 47,025 0 0
KROGER CO. COMMON 501044101   2,289 103,825 SH   SOLE 1 103,825 0 0
LABORATORY CORP OF AMERICA COMMON 50540R409   3,662 54,022 SH   SOLE 1 54,022 0 0
LAM RESEARCH CORP COMMON 512807108   1,604 61,700 SH   SOLE 1 61,700 0 0
LANCASTER COLONY CORP. COMMON 513847103   74 1,690 SH   SOLE 1 1,690 0 0
LANDSTAR SYS INC. COMMON 515098101   1,734 48,200 SH   SOLE 1 48,200 0 0
LEGG MASON INC COMMON 524901105   561 23,040 SH   SOLE 1 23,040 0 0
LEHMAN BROTHERS HLDGS COMMON 524908100   0 2,150 SH   SOLE 1 2,150 0 0
LEIDOS HLDGS INC COMMON 525327102   284 15,360 SH   SOLE 1 15,360 0 0
LEXMARK INTL GROUP INC CL-A COMMON 529771107   58 3,700 SH   SOLE 1 3,700 0 0
ELI LILLY & CO. COMMON 532457108   1,653 47,742 SH   SOLE 1 47,742 0 0
LMI AEROSPACE INC COMMON 502079106   623 61,608 SH   SOLE 1 61,608 0 0
LOCKHEED MARTIN CORP. COMMON 539830109   4,715 58,468 SH   SOLE 1 58,468 0 0
LSB INDUSTRIES INC COMMON 502160104   842 52,085 SH   SOLE 1 52,085 0 0
M & T BANK CORPORATION COMMON 55261F104   411 8,075 SH   SOLE 1 8,075 0 0
MACK-CALI REALTY CORP COMMON 554489104   16 725 SH   SOLE 1 725 0 0
MARATHON OIL CORP COMMON 565849106   450 14,948 SH   SOLE 1 14,948 0 0
MARINER ENERGY INC COMMON 56845T305   1,682 143,234 SH   SOLE 1 143,234 0 0
MARTEK BIOSCIENCES CORP COMMON 572901106   623 29,466 SH   SOLE 1 29,466 0 0
MARVEL ENTERTAINMENT INC COMMON 57383T103   1,109 31,179 SH   SOLE 1 31,179 0 0
MASCO CORP. COMMON 574599106   18 1,975 SH   SOLE 1 1,975 0 0
MASTEC INC COMMON 576323109   433 36,977 SH   SOLE 1 36,977 0 0
MAXIMUS INC COMMON 577933104   742 18,000 SH   SOLE 1 18,000 0 0
MCDERMOTT INTERNATIONAL INC. COMMON 580037109   3,185 156,865 SH   SOLE 1 156,865 0 0
MCDONALDS CORP. COMMON 580135101   1,348 23,452 SH   SOLE 1 23,452 0 0
MCGRAW HILL INC. COMMON 580645109   2,316 76,920 SH   SOLE 1 76,920 0 0
MCKESSON HBOC INC COMMON 58155Q103   1,441 32,765 SH   SOLE 1 32,765 0 0
MEDIASET SPA-SPONSORED ADR ADR 584469407   2 166 SH   SOLE 1 166 0 0
MEDICINES COMPANY COMMON 584688105   227 27,099 SH   SOLE 1 27,099 0 0
MEDNAX INC COMMON 58502B106   1,292 30,684 SH   SOLE 1 30,684 0 0
MEDTRONIC INC. COMMON 585055106   664 19,035 SH   SOLE 1 19,035 0 0
METLIFE INC COMMON 59156R108   45 1,525 SH   SOLE 1 1,525 0 0
METTLER-TOLEDO INTERNATIONAL COMMON 592688105   1,284 16,655 SH   SOLE 1 16,655 0 0
MICREL INC COMMON 594793101   321 43,863 SH   SOLE 1 43,863 0 0
MICROS SYSTEMS INC COMMON 594901100   1,204 47,585 SH   SOLE 1 47,585 0 0
MICROSOFT CORP. COMMON 594918104   2,139 90,000 SH   SOLE 1 90,000 0 0
MIDDLEBY CORP COMMON 596278101   1,347 30,684 SH   SOLE 1 30,684 0 0
MILLIPORE CORP. COMMON 601073109   619 8,823 SH   SOLE 1 8,823 0 0
KRAFT FOODS INC-A COMMON 609207105   19 778 SH   SOLE 1 778 0 0
HANSEN NATURAL CORP COMMON 611740101   2,016 65,336 SH   SOLE 1 65,336 0 0
MORGAN STANLEY COMMON 617446448   989 34,698 SH   SOLE 1 34,698 0 0
MOTOROLA SOLUTIONS INC. COMMON 620076307   7 1,200 SH   SOLE 1 1,200 0 0
GENERAL MOTORS CORP. COMMON 62010A105   0 385 SH   SOLE 1 385 0 0
MURPHY OIL CORP. COMMON 626717102   629 11,591 SH   SOLE 1 11,591 0 0
MWI VETERINARY SUPPLY INC COMMON 55402X105   1,082 31,044 SH   SOLE 1 31,044 0 0
MYERS INDUSTRIES COMMON 628464109   177 21,326 SH   SOLE 1 21,326 0 0
NABORS INDUSTRIES LTD COMMON G6359F103   343 22,050 SH   SOLE 1 22,050 0 0
NASDAQ STOCK MARKET INC COMMON 631103108   845 39,675 SH   SOLE 1 39,675 0 0
NATIONAL OILWELL VARCO INC COMMON 637071101   732 22,435 SH   SOLE 1 22,435 0 0
NET 1 UEPS TECHNOLOGIES INC COMMON 64107N206   806 59,331 SH   SOLE 1 59,331 0 0
NETAPP INC COMMON 64110D104   968 49,131 SH   SOLE 1 49,131 0 0
NETFLIX INC COMMON 64110L106   160 3,890 SH   SOLE 1 3,890 0 0
NEW YORK COMMUNITY BANCORP COMMON 649445103   613 57,376 SH   SOLE 1 57,376 0 0
NII HOLDINGS INC-CL B COMMON 62913F201   611 32,085 SH   SOLE 1 32,085 0 0
NISOURCE INC COMMON 65473P105   435 37,363 SH   SOLE 1 37,363 0 0
NOBLE CORP COMMON H5833N103   900 29,765 SH   SOLE 1 29,765 0 0
NORTHERN TRUST CORP COMMON 665859104   2,716 50,600 SH   SOLE 1 50,600 0 0
NORTHROP GRUMMAN CORP COMMON 666807102   463 10,140 SH   SOLE 1 10,140 0 0
NOVELL INC. COMMON 670006105   630 139,278 SH   SOLE 1 139,278 0 0
NTELOS HOLDINGS CORP COMMON 67020Q107   960 52,139 SH   SOLE 1 52,139 0 0
NU SKIN ENTERPRISES INC - A COMMON 67018T105   224 14,691 SH   SOLE 1 14,691 0 0
NUCOR CORP. COMMON 670346105   1,759 39,608 SH   SOLE 1 39,608 0 0
NVR INC COMMON 62944T105   1,416 2,820 SH   SOLE 1 2,820 0 0
NYSE EURONEXT COMMON 629491101   488 17,935 SH   SOLE 1 17,935 0 0
OCCIDENTAL PETROLEUM CORP. COMMON 674599105   165 2,510 SH   SOLE 1 2,510 0 0
OCEANEERING INTL INC COMMON 675232102   205 4,540 SH   SOLE 1 4,540 0 0
OLD REPUBLIC INTERNATIONAL COMMON 680223104   30 3,046 SH   SOLE 1 3,046 0 0
OMNICARE INC COMMON 681904108   1,186 46,067 SH   SOLE 1 46,067 0 0
OMNICELL INC COMMON 68213N109   204 19,012 SH   SOLE 1 19,012 0 0
OMNICOM GROUP COMMON 681919106   2,592 82,106 SH   SOLE 1 82,106 0 0
ONYX PHARMACEUTICALS INC COMMON 683399109   213 7,565 SH   SOLE 1 7,565 0 0
OPLINK COMMUNICATIONS INC COMMON 68375Q403   728 63,886 SH   SOLE 1 63,886 0 0
ORACLE CORP COMMON 68389X105   4,327 202,009 SH   SOLE 1 202,009 0 0
ORBITAL SCIENCES CORP. COMMON 685564106   113 7,456 SH   SOLE 1 7,456 0 0
OSI PHARMACEUTICALS INC COMMON 671040103   167 5,945 SH   SOLE 1 5,945 0 0
PACTIV CORPORATION COMMON 695257105   22 1,050 SH   SOLE 1 1,050 0 0
PAPA JOHN'S INTL INC COMMON 698813102   188 7,586 SH   SOLE 1 7,586 0 0
PARAMETRIC TECHNOLOGY CORP. COMMON 699173209   339 29,018 SH   SOLE 1 29,018 0 0
PATTERSON-UTI ENERGY INC COMMON 703481101   2,224 173,000 SH   SOLE 1 173,000 0 0
PDL BIOPHARMA INC COMMON 69329Y104   166 21,090 SH   SOLE 1 21,090 0 0
PEABODY ENERGY CORP COMMON 704549104   1,096 36,353 SH   SOLE 1 36,353 0 0
J C PENNEY CO. INC. COMMON 708160106   396 13,820 SH   SOLE 1 13,820 0 0
PEPSI BOTTLING GROUP INC COMMON 713409100   37 1,100 SH   SOLE 1 1,100 0 0
PEPSICO INC. COMMON 713448108   1,093 19,900 SH   SOLE 1 19,900 0 0
P.F. CHANGS CHINA BISTRO INC COMMON 69333Y108   326 10,192 SH   SOLE 1 10,192 0 0
PHARMERICA CORP COMMON 71714F104   1 54 SH   SOLE 1 54 0 0
PHH CORPORATION-WHEN ISSUED COMMON 693320202   3 188 SH   SOLE 1 188 0 0
PHILIP MORRIS INTERNATIONAL COMMON 718172109   49 1,125 SH   SOLE 1 1,125 0 0
PINNACLE WEST CAP CORP COMMON 723484101   36 1,200 SH   SOLE 1 1,200 0 0
PLANTRONICS INC COMMON 727493108   539 28,531 SH   SOLE 1 28,531 0 0
PLATINUM UNDERWRITERS HLDGS COMMON G7127P100   1,199 41,951 SH   SOLE 1 41,951 0 0
PLEXUS CORP COMMON 729132100   1,123 54,914 SH   SOLE 1 54,914 0 0
PLUM CREEK TIMBER CO INC COMMON 729251108   26 875 SH   SOLE 1 875 0 0
POLARIS INDUSTRIES INC. COMMON 731068102   197 6,156 SH   SOLE 1 6,156 0 0
POLYCOM INC COMMON 73172K104   260 12,847 SH   SOLE 1 12,847 0 0
PPL CORPORATION COMMON 69351T106   885 26,856 SH   SOLE 1 26,856 0 0
PREMIERE GLOBALSER SERVICE IN COMMON 740585104   213 19,735 SH   SOLE 1 19,735 0 0
PROASSURANCE CORP COMMON 74267C106   980 21,215 SH   SOLE 1 21,215 0 0
PROCTER & GAMBLE CO. COMMON 742718109   925 18,120 SH   SOLE 1 18,120 0 0
PROGENICS PHARMACEUTICALS COMMON 743187106   110 21,483 SH   SOLE 1 21,483 0 0
PROGRESSIVE CORP OHIO COMMON 743315103   1,033 68,377 SH   SOLE 1 68,377 0 0
PSS WORLD MEDICAL INC. COMMON 69366A100   179 9,699 SH   SOLE 1 9,699 0 0
PSYCHIATRIC SOLUTIONS INC COMMON 74439H108   1,353 59,517 SH   SOLE 1 59,517 0 0
PHILLIPS VAN HEUSEN COMMON 693656100   907 31,633 SH   SOLE 1 31,633 0 0
QUALCOMM CORP. COMMON 747525103   1,268 28,055 SH   SOLE 1 28,055 0 0
QUEST DIAGNOSTICS INC COMMON 74834L100   1,601 28,383 SH   SOLE 1 28,383 0 0
QUESTCOR PHARMACEUTICALS COMMON 74835Y101   136 27,310 SH   SOLE 1 27,310 0 0
QUIDEL COMMON 74838J101   327 22,486 SH   SOLE 1 22,486 0 0
RADIOSHACK CORP COMMON 750438103   189 13,581 SH   SOLE 1 13,581 0 0
RALCORP HOLDINGS INC (NEW) COMMON 751028101   878 14,417 SH   SOLE 1 14,417 0 0
POLO RALPH LAUREN CORP COMMON 751212101   949 17,727 SH   SOLE 1 17,727 0 0
RAYONIER INC. COMMON 754907103   789 21,714 SH   SOLE 1 21,714 0 0
RAYTHEON COMPANY COMMON 755111507   2,471 55,621 SH   SOLE 1 55,621 0 0
RED HAT INC COMMON 756577102   795 39,530 SH   SOLE 1 39,530 0 0
RED ROBIN GOURMET BURGERS COMMON 75689M101   1,177 62,807 SH   SOLE 1 62,807 0 0
REGENERON PHAR COMMON 75886F107   217 12,149 SH   SOLE 1 12,149 0 0
REGIONS FINANCIAL CORP COMMON 7591EP100   266 65,885 SH   SOLE 1 65,885 0 0
RESMED INC COMMON 761152107   415 10,193 SH   SOLE 1 10,193 0 0
REYNOLDS AMERICAN INC COMMON 761713106   330 8,545 SH   SOLE 1 8,545 0 0
ROBBINS & MYERS INC COMMON 770196103   194 10,097 SH   SOLE 1 10,097 0 0
ROBERT HALF INTL INC COMMON 770323103   1,072 45,400 SH   SOLE 1 45,400 0 0
ROCK-TENN COMPANY -CL A COMMON 772739207   246 6,457 SH   SOLE 1 6,457 0 0
ROCKWELL AUTOMATION INC COMMON 773903109   385 12,005 SH   SOLE 1 12,005 0 0
ROCKWELL COLLINS COMMON 774341101   39 950 SH   SOLE 1 950 0 0
ROSS STORES INC COMMON 778296103   509 13,187 SH   SOLE 1 13,187 0 0
RPC INCORPORATED COMMON 749660106   90 10,826 SH   SOLE 1 10,826 0 0
SCANA CORP COMMON 80589M102   431 13,300 SH   SOLE 1 13,300 0 0
SCHLUMBERGER LTD. COMMON 806857108   1,048 19,383 SH   SOLE 1 19,383 0 0
SEACHANGE INTERNATIONAL INC COMMON 811699107   803 100,084 SH   SOLE 1 100,084 0 0
SEMPRA ENERGY COMMON 816851109   1,851 37,298 SH   SOLE 1 37,298 0 0
SEPRACOR INC COMMON 817315104   298 17,240 SH   SOLE 1 17,240 0 0
SHERWIN WILLIAMS CO. COMMON 824348106   1,223 22,770 SH   SOLE 1 22,770 0 0
SIGMA DESIGNS INC COMMON 826565103   565 35,265 SH   SOLE 1 35,265 0 0
SIGMA-ALDRICH CORP. COMMON 826552101   929 18,765 SH   SOLE 1 18,765 0 0
SILGAN HOLDINGS INC COMMON 827048109   1,121 22,871 SH   SOLE 1 22,871 0 0
SL GREEN REALTY CORP COMMON 78440X101   1,973 86,017 SH   SOLE 1 86,017 0 0
SMITH INTERNATIONAL INC. COMMON 832110100   309 12,030 SH   SOLE 1 12,030 0 0
SPARTAN MOTORS INC COMMON 846819100   152 13,460 SH   SOLE 1 13,460 0 0
SPX CORP. COMMON 784635104   717 14,662 SH   SOLE 1 14,662 0 0
SRA INTERNATIONAL INC-CL A COMMON 78464R105   193 11,012 SH   SOLE 1 11,012 0 0
STANLEY WORKS COMMON 854502101   288 8,535 SH   SOLE 1 8,535 0 0
STARWOOD HOTELS & RESORTS COMMON 85590A401   323 14,560 SH   SOLE 1 14,560 0 0
STERIS CORP COMMON 859152100   238 9,139 SH   SOLE 1 9,139 0 0
SUN HEALTHCARE GROUP INC COMMON 866933401   743 88,097 SH   SOLE 1 88,097 0 0
MEMC ELECTRONICS MATERIALS COMMON 86732Y109   349 19,615 SH   SOLE 1 19,615 0 0
SUNTRUST BANKS INC. COMMON 867914103   14 875 SH   SOLE 1 875 0 0
SVB FINANCIAL GROUP COMMON 78486Q101   1,406 51,660 SH   SOLE 1 51,660 0 0
SYBASE INC. COMMON 871130100   766 24,469 SH   SOLE 1 24,469 0 0
SYKES ENTERPRISES INC COMMON 871237103   1,228 67,889 SH   SOLE 1 67,889 0 0
SYMANTEC CORP COMMON 871503108   844 54,203 SH   SOLE 1 54,203 0 0
SYNAPTICS INC COMMON 87157D109   1,065 27,568 SH   SOLE 1 27,568 0 0
SYNIVERSE HOLDING INC COMMON 87163F106   868 54,177 SH   SOLE 1 54,177 0 0
SYSCO CORP COMMON 871829107   1,862 82,870 SH   SOLE 1 82,870 0 0
TAKE-TWO INTERACTIVE SOFTWRE COMMON 874054109   267 28,258 SH   SOLE 1 28,258 0 0
TALISMAN ENERGY COMMON 87425E103   30 2,150 SH   SOLE 1 2,150 0 0
TARGET CORP COMMON 87612E106   77 1,956 SH   SOLE 1 1,956 0 0
TELECOMMUNICATION SYSTEMS-A COMMON 87929J103   1,212 170,561 SH   SOLE 1 170,561 0 0
TELEDYNE TECHNOLOGIES INC COMMON 879360105   1,064 32,489 SH   SOLE 1 32,489 0 0
TELEPHONE & DATA SYSTEMS INC COMMON 879433100   554 19,585 SH   SOLE 1 19,585 0 0
TELETECH HOLDINGS INC COMMON 879939106   225 14,854 SH   SOLE 1 14,854 0 0
TEMPUR PEDIC INTERNATIONAL IN COMMON 88023U101   100 7,658 SH   SOLE 1 7,658 0 0
TERADATA CORP COMMON 88076W103   420 17,940 SH   SOLE 1 17,940 0 0
TERRA INDUSTRIES INC COMMON 880915103   338 13,985 SH   SOLE 1 13,985 0 0
TESSERA TECHNOLOGIES INC COMMON 88164L100   325 12,852 SH   SOLE 1 12,852 0 0
TEXAS INSTRUMENTS INC. COMMON 882508104   1,880 88,264 SH   SOLE 1 88,264 0 0
THE BUCKLE INC COMMON 118440106   155 4,900 SH   SOLE 1 4,900 0 0
THE GAP INC. COMMON 364760108   1,360 82,987 SH   SOLE 1 82,987 0 0
THE PMI GROUP INC COMMON 69344M101   1 600 SH   SOLE 1 600 0 0
THE TRAVELERS COMPANIES INC COMMON 89417E109   1,935 47,165 SH   SOLE 1 47,165 0 0
THE WILLIAMS COMPANIES INC COMMON 969457100   376 24,095 SH   SOLE 1 24,095 0 0
THOMAS & BETTS CORP. COMMON 884315102   50 1,760 SH   SOLE 1 1,760 0 0
TIBCO SOFTWARE INC COMMON 88632Q103   369 51,560 SH   SOLE 1 51,560 0 0
TIDEWATER INC COMMON 886423102   252 5,900 SH   SOLE 1 5,900 0 0
TIME WARNER INC COMMON 887317303   1,427 56,650 SH   SOLE 1 56,650 0 0
TITAN MACHINERY INC COMMON 88830R101   898 70,838 SH   SOLE 1 70,838 0 0
TJX COS INC COMMON 872540109   1,420 45,142 SH   SOLE 1 45,142 0 0
TORCHMARK CORP COMMON 891027104   624 16,851 SH   SOLE 1 16,851 0 0
TOWER GROUP INC COMMON 891777104   158 6,400 SH   SOLE 1 6,400 0 0
TRANSOCEAN LTD COMMON H8817H100   587 7,910 SH   SOLE 1 7,910 0 0
TRIUMPH GROUP INC COMMON 896818101   144 3,606 SH   SOLE 1 3,606 0 0
TRUE RELIGION APPAREL INC COMMON 89784N104   801 35,958 SH   SOLE 1 35,958 0 0
TUPPERWARE CORP COMMON 899896104   1,484 57,053 SH   SOLE 1 57,053 0 0
TUTOR PERINI CORPORATION COMMON 901109108   205 11,853 SH   SOLE 1 11,853 0 0
TYSON FOODS INC. CLASS A COMMON 902494103   34 2,743 SH   SOLE 1 2,743 0 0
UNION PACIFIC CORP. COMMON 907818108   41 800 SH   SOLE 1 800 0 0
UNITED NATURAL FOODS INC COMMON 911163103   351 13,390 SH   SOLE 1 13,390 0 0
UNITED STATES STEEL CORP COMMON 912909108   846 23,690 SH   SOLE 1 23,690 0 0
UNITED TECHNOLOGIES CORP. COMMON 913017109   70 1,350 SH   SOLE 1 1,350 0 0
UNUMPROVIDENT CORP COMMON 91529Y106   1,875 118,232 SH   SOLE 1 118,232 0 0
VALEANT PHARMACEUTICALS COMMON 91911X104   321 12,496 SH   SOLE 1 12,496 0 0
VALERO ENERGY CORP COMMON 91913Y100   3,273 193,818 SH   SOLE 1 193,818 0 0
VALUECLICK INC COMMON 92046N102   297 28,283 SH   SOLE 1 28,283 0 0
VARIAN MEDICAL SYSTEMS INC COMMON 92220P105   2,883 82,060 SH   SOLE 1 82,060 0 0
VCA ANTECH INC COMMON 918194101   732 27,448 SH   SOLE 1 27,448 0 0
VECTREN CORPORATION COMMON 92240G101   1,151 49,143 SH   SOLE 1 49,143 0 0
VERIFONE HOLDINGS INC COMMON 92342Y109   191 25,449 SH   SOLE 1 25,449 0 0
VERIZON COMMUNICATIONS COMMON 92343V104   327 10,643 SH   SOLE 1 10,643 0 0
VIACOM INC-CLASS B COMMON 92553P201   9 425 SH   SOLE 1 425 0 0
VISA INC-CLASS A SHARES COMMON 92826C839   447 7,188 SH   SOLE 1 7,188 0 0
WABTEC COMMON 929740108   439 13,653 SH   SOLE 1 13,653 0 0
WAL MART STORES INC. COMMON 931142103   1,892 39,069 SH   SOLE 1 39,069 0 0
WARNACO GROUP INC/THE COMMON 934390402   584 18,035 SH   SOLE 1 18,035 0 0
WASTE MANAGEMENT COMMON 94106L109   595 21,136 SH   SOLE 1 21,136 0 0
WATERS CORP COMMON 941848103   4,061 78,903 SH   SOLE 1 78,903 0 0
WATSON WYATT & CO. HOLDINGS COMMON 942712100   706 18,819 SH   SOLE 1 18,819 0 0
WEIS MARKETS INC. COMMON 948849104   213 6,380 SH   SOLE 1 6,380 0 0
WESTAMERICA BANCORPORATION COMMON 957090103   153 3,100 SH   SOLE 1 3,100 0 0
WESTERN DIGITAL CORP. COMMON 958102105   2,852 107,647 SH   SOLE 1 107,647 0 0
WESTERN UNION COMPANY COMMON 959802109   5 325 SH   SOLE 1 325 0 0
WET SEAL INC COMMON 961840105   757 246,673 SH   SOLE 1 246,673 0 0
WEYERHAEUSER CO. COMMON 962166104   24 800 SH   SOLE 1 800 0 0
WILLBROS GROUP INC COMMON 969203108   143 11,462 SH   SOLE 1 11,462 0 0
WILSHIRE BANCORP INC COMMON 97186T108   497 86,539 SH   SOLE 1 86,539 0 0
WISCONSIN ENERGY CORP. COMMON 976657106   45 1,125 SH   SOLE 1 1,125 0 0
WMS INDUSTRIES INC. COMMON 929297109   2,278 72,315 SH   SOLE 1 72,315 0 0
WOODWARD GOVERNOR CO COMMON 980745103   1,741 87,935 SH   SOLE 1 87,935 0 0
WORLD FUEL SERVICES CORP COMMON 981475106   112 2,720 SH   SOLE 1 2,720 0 0
WYNDHAM WORLDWIDE CORP COMMON 98310W108   9 755 SH   SOLE 1 755 0 0
XILINX COMMON 983919101   841 41,124 SH   SOLE 1 41,124 0 0
XTO ENERGY INC COMMON 98385X106   310 8,145 SH   SOLE 1 8,145 0 0
ZIMMER HOLDINGS INC COMMON 98956P102   613 14,395 SH   SOLE 1 14,395 0 0
ZOLL MEDICAL CORP COMMON 989922109   197 10,218 SH   SOLE 1 10,218 0 0