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
Agilent Technologies, Inc. (A)COMMON00846U1011,10019,300SH SOLE 10,7008,6000
Air Products & Chemicals (APD)COMMON0091581069757,490SH SOLE 7006,7900
American Independence Corp (AMIC)COMMON0267604051,10099,992SH SOLE 099,9920
Baker Hughes Inc. (BHI)COMMON057224107596,7939,172,957SH SOLE 2,171,7357,001,2220
Boeing Company (BA)COMMON097023105147,6821,159,378SH SOLE 62,3951,096,9830
Citigroup [C]COMMON172967424207,4004,002,320SH SOLE 465,7003,536,6200
Devon Energy Corp (DVN)COMMON25179M103161,5882,370,023SH SOLE 369,3862,000,6370
FedEx Corp (FDX)COMMON31428X106735,3074,554,394SH SOLE 1,216,3943,338,0000
Goldman Sachs (GS)COMMON38141G104487,1262,653,627SH SOLE 434,4602,219,1670
Lowe's Companies, Inc. (LOW)COMMON548661107597,73811,295,132SH SOLE 2,117,6759,177,4570
Masco Corp (MAS)COMMON57459910613,405560,400SH SOLE 61,700498,7000
Microsoft Corp (MSFT)COMMON59491810475,6641,632,090SH SOLE 53,6001,578,4900
Owens Corning (OC)COMMON69074210155,1471,736,919SH SOLE 156,0001,580,9190
Pall Corporation (PLL)COMMON6964293072933,500SH SOLE 3,50000
Plains All American (PAA)COMMON7265031054247,200SH SOLE 7,20000
Praxair Inc. (PX)COMMON74005P104209,4121,623,346SH SOLE 183,9801,439,3660
RHJ International (RHJI)COMMON7495612051,037209,454SH SOLE 209,45400
Schlumberger Ltd (SLB)COMMON806857108374,6043,683,780SH SOLE 553,4003,130,3800
Southwest Airlines (LUV)COMMON844741108138,5574,102,965SH SOLE 300,0003,802,9650
Superior Energy Services Inc. (SPN)COMMON868157108147,0534,473,775SH SOLE 2,190,6002,283,1750
TD Ameritrade (AMTD)COMMON87236Y1082326,940SH SOLE 5,1701,7700
TE Connectivity Ltd (TEL)COMMONH849891045419,790SH SOLE 09,7900
3M Company (MMM)COMMON88579Y101388,8892,744,842SH SOLE 390,7252,354,1170
Union Pacific Corp (UNP)COMMON9078181082172,000SH SOLE 2,00000
United Parcel Service (UPS)COMMON911312106503,6615,124,239SH SOLE 858,7004,265,5390
Whirlpool Corp (WHR)COMMON963320106356,8072,449,758SH SOLE 578,1001,871,6580