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 COM 2824100 2,194 62,900 SH   SOLE   51,200 0 11,700
Accenture Public Ltd., Co. COM G1151C101 1,533 21,300 SH   SOLE   18,800 0 2,500
Ace Limited COM H0023R105 1,736 19,400 SH   SOLE   11,900 0 7,500
Allstate Corporation COM 20002101 1,843 38,300 SH   SOLE   25,100 0 13,200
Amazon.com, Inc. COM 23135106 6,515 23,460 SH   SOLE   21,660 0 1,800
Ambev ADR ADR 20441W203 4,430 118,600 SH   SOLE   38,600 0 80,000
America Movil SA ADR ADR 02364W105 2,255 103,700 SH   SOLE   23,700 0 80,000
American Express Company COM 25816109 1,712 22,900 SH   SOLE   22,900 0 0
Ametek, Inc. COM 31100100 2,081 49,200 SH   SOLE   44,250 0 4,950
Amgen, Inc. COM 31162100 1,875 19,000 SH   SOLE   14,000 0 5,000
Amphenol Corp. COM 32095101 1,052 13,500 SH   SOLE   13,500 0 0
Apple Computer, Inc. COM 37833100 5,462 13,775 SH   SOLE   12,500 0 1,275
Banco Bradesco S.A. ADR ADR 59460303 1,660 127,600 SH   SOLE   29,810 0 97,790
Biogen Idec, Inc. COM 09062X103 6,946 32,275 SH   SOLE   28,675 0 3,600
BlackRock, Inc. COM 09247X101 2,215 8,625 SH   SOLE   7,325 0 1,300
Blackstone Group LP Units 09253U108 6,051 287,300 SH   SOLE   264,800 0 22,500
Boeing Company COM 97023105 3,258 31,800 SH   SOLE   27,800 0 4,000
Canadian National Railway Co. ADR COM 136375102 768 7,900 SH   SOLE   7,900 0 0
CBS Corporation COM 124857202 2,590 53,000 SH   SOLE   46,500 0 6,500
Celgene Corporation COM 151020104 2,585 22,100 SH   SOLE   19,600 0 2,500
Cheniere Energy, Inc. COM 16411R208 2,229 80,300 SH   SOLE   68,400 0 11,900
Cigna Corp. COM 125509109 2,479 34,200 SH   SOLE   34,200 0 0
Coca-Cola Fems ADR ADR 191241108 1,178 8,400 SH   SOLE   2,000 0 6,400
Colgate Palmolive COM 194162103 1,982 34,600 SH   SOLE   34,600 0 0
Concho Resources, Inc. COM 20605P101 2,520 30,100 SH   SOLE   26,800 0 3,300
Costco Wholesale Corporation COM 22160K105 4,721 42,700 SH   SOLE   37,700 0 5,000
Credicorp Limited COM G2519Y108 1,817 14,200 SH   SOLE   3,300 0 10,900
Cree Inc. COM 225447101 3,070 48,100 SH   SOLE   42,300 0 5,800
Cummins, Inc. COM 231021106 3,785 34,900 SH   SOLE   33,400 0 1,500
CVS Caremark Corp. COM 126650100 4,517 79,000 SH   SOLE   69,500 0 9,500
Discovery Communications, Inc. COM 25470F104 2,194 28,400 SH   SOLE   25,400 0 3,000
Ebay, Inc. COM 278642103 4,902 94,775 SH   SOLE   83,775 0 11,000
Ecolab Inc. COM 278865100 2,513 29,500 SH   SOLE   26,000 0 3,500
Ecopetrol SA ADR ADR 279158109 1,249 29,700 SH   SOLE   6,700 0 23,000
Fomento Economico Mex-SP ADR ADR 344419106 7,863 76,200 SH   SOLE   36,800 0 39,400
Ford Motor, Co. COM 345370860 3,021 195,300 SH   SOLE   167,300 0 28,000
Gilead Sciences, Inc. COM 375558103 2,789 54,400 SH   SOLE   48,400 0 6,000
Goldman Sachs Group, Inc. COM 38141G104 832 5,500 SH   SOLE   3,500 0 2,000
Google, Inc. COM 38259P508 6,977 7,925 SH   SOLE   7,175 0 750
Home Depot, Inc. COM 437076102 6,887 88,900 SH   SOLE   80,700 0 8,200
Icici Bank ADR ADR 45104G104 2,184 57,100 SH   SOLE   13,100 0 44,000
Invesco Ltd. COM G491BT108 2,461 77,400 SH   SOLE   67,400 0 10,000
JP Morgan Chase & Co. COM 46625H100 1,109 21,000 SH   SOLE   17,000 0 4,000
LinkedIn Corp. COM 53578A108 2,220 12,450 SH   SOLE   11,050 0 1,400
MasterCard, Inc. COM 57636Q104 4,323 7,525 SH   SOLE   6,925 0 600
McKesson Corporation COM 58155Q103 1,695 14,800 SH   SOLE   14,800 0 0
Monsanto Company COM 61166W101 1,759 17,800 SH   SOLE   15,300 0 2,500
Monster Beverage Corp. COM 611740101 2,354 38,700 SH   SOLE   38,700 0 0
Nike, Inc. Class B COM 654106103 2,617 41,100 SH   SOLE   35,300 0 5,800
PowerShares QQQ Call Option 12/20/14 @ 75 Option 73935A904 203 500 SH   SOLE   500 0 0
Regeneron Pharmaceuticals Inc. COM 75886F107 2,294 10,200 SH   SOLE   8,500 0 1,700
Roper Industries, Inc. COM 776696106 1,590 12,800 SH   SOLE   12,800 0 0
T Rowe Price Group, Inc. COM 74144T108 4,502 61,500 SH   SOLE   55,400 0 6,100
The Walt Disney Company COM 254687106 4,484 71,000 SH   SOLE   65,500 0 5,500
Tiffany & Co. COM 886547108 2,149 29,500 SH   SOLE   25,500 0 4,000
TJX Companies, Inc. COM 872540109 2,723 54,400 SH   SOLE   46,400 0 8,000
Union Pacific Corp. COM 907818108 8,389 54,375 SH   SOLE   49,575 0 4,800
Verizon Communications, Inc. COM 92343V104 413 8,200 SH   SOLE   8,200 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 1,105 13,800 SH   SOLE   13,800 0 0
Viacom, Inc. COM 92553P201 4,823 70,900 SH   SOLE   65,500 0 5,400
Vipshop Holdings Ltd. ADR 92763W103 822 28,200 SH   SOLE   4,300 0 23,900
Visa, Inc. COM 92826C839 2,814 15,400 SH   SOLE   13,700 0 1,700
Youku Tudou, Inc. ADR ADR 98742U100 983 51,200 SH   SOLE   12,300 0 38,900