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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Bank of America CorpCommon Stock06050510448,8292,300,000SH SOLE 2,300,00000
Posco ADRSponsored ADR6934831093189,745SH SOLE 9,74500
US BancorpCommon Stock9029733044,823140,000SH SOLE 140,00000
Wells Fargo & CoCommon Stock94974610145,6851,591,800SH SOLE 1,591,80000