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
ABBVIE INC Common 00287Y109 5,301 100,384 SH   SOLE   85,364 0 15,020
ABBVIE INC Common 00287Y109 53 1,000 SH   OTR   0 0 1,000
ACE LIMITED Common G0070K103 6,999 67,600 SH   SOLE   58,040 0 9,560
AFLAC INC. Common 001055102 9,329 139,663 SH   SOLE   118,338 0 21,325
APACHE CORP Common 037411105 6,611 76,925 SH   SOLE   63,925 0 13,000
APPLE COMPUTER INC. Common 037833100 9,896 17,640 SH   SOLE   14,755 0 2,885
BANCORPSOUTH INC Common 059692103 280 11,000 SH   SOLE   11,000 0 0
BECTON DICKINSON & CO Common 075887109 8,057 72,920 SH   SOLE   62,170 0 10,750
BECTON DICKINSON & CO Common 075887109 66 600 SH   OTR   0 0 600
BED BATH & BEYOND INC. Common 075896100 8,329 103,720 SH   SOLE   87,555 0 16,165
C S X CORPORATION Common 126408103 9,035 314,050 SH   SOLE   273,000 0 41,050
CHEVRON CORP Common 166764100 698 5,591 SH   SOLE   2,191 0 3,400
CLOROX COMPANY Common 189054109 372 4,010 SH   SOLE   3,950 0 60
COACH INC Common 189754104 6,703 119,425 SH   SOLE   98,225 0 21,200
COACH INC Common 189754104 56 1,000 SH   OTR   0 0 1,000
DARDEN RESTAURANTS Common 237194105 7,248 133,300 SH   SOLE   110,200 0 23,100
DIAMOND OFFSHORE DRILLING Common 25271C102 4,650 81,700 SH   SOLE   70,100 0 11,600
DIAMOND OFFSHORE DRILLING Common 25271C102 34 600 SH   OTR   0 0 600
DISCOVER FINANCIAL SVCS Common 254709108 4,219 75,405 SH   SOLE   65,625 0 9,780
DOMINION RESOURCES INC Common 25746U109 336 5,200 SH   SOLE   800 0 4,400
DOW CHEMICAL Common 260543103 9,335 210,250 SH   SOLE   176,000 0 34,250
DOW CHEMICAL Common 260543103 67 1,500 SH   OTR   0 0 1,500
EMC CORP Common 268648102 38 1,500 SH   OTR   0 0 1,500
EMC CORP Common 268648102 6,176 245,575 SH   SOLE   204,125 0 41,450
EMERSON ELECTRIC CO Common 291011104 1,963 27,976 SH   SOLE   19,340 0 8,636
EMERSON ELECTRIC CO Common 291011104 98 1,400 SH   OTR   0 0 1,400
EVEREST RE GROUP LTD Common G3223R108 1,089 6,985 SH   SOLE   4,400 0 2,585
EXPEDITORS INTL OF WASHINGTON INC Common 302130109 4,304 97,275 SH   SOLE   85,200 0 12,075
EXXON MOBIL CORPORATION Common 30231G102 568 5,608 SH   SOLE   0 0 5,608
FORD MOTOR CO Common 345370860 3,174 205,700 SH   SOLE   167,300 0 38,400
FRANKLIN STREET PPTYS CORP Common 35471R106 125 10,500 SH   SOLE   10,500 0 0
HERSHEY FOODS CORP Common 427866108 424 4,360 SH   SOLE   2,700 0 1,660
HEWLETT-PACKARD CO Common 428236103 8,140 290,925 SH   SOLE   244,900 0 46,025
HONDA MOTOR CO LTD ADR Common 438128308 5,891 142,455 SH   SOLE   116,725 0 25,730
HONEYWELL INT'L INC. Common 438516106 1,133 12,400 SH   SOLE   10,450 0 1,950
ILLINOIS TOOL WORKS INC Common 452308109 378 4,500 SH   SOLE   300 0 4,200
JACOBS ENGINEERING GRP Common 469814107 9,062 143,870 SH   SOLE   121,550 0 22,320
JACOBS ENGINEERING GRP Common 469814107 69 1,100 SH   OTR   0 0 1,100
JOHNSON & JOHNSON INC Common 478160104 403 4,400 SH   SOLE   0 0 4,400
JOHNSON CONTROLS INC Common 478366107 1,468 28,615 SH   SOLE   17,800 0 10,815
LOWE'S COS INC. Common 548661107 1,131 22,825 SH   SOLE   15,125 0 7,700
MACYS INC Common 55616P104 9,010 168,735 SH   SOLE   142,100 0 26,635
MARRIOTT INTL INC Common 571903202 2,053 41,600 SH   SOLE   24,500 0 17,100
MARSH & MCLENNAN CO INC Common 571748102 5,843 120,825 SH   SOLE   97,075 0 23,750
MCDONALD'S CORP Common 580135101 1,238 12,755 SH   SOLE   11,850 0 905
MCDONALD'S CORP Common 580135101 49 500 SH   OTR   0 0 500
MERCK & CO INC Common 589331107 1,392 27,820 SH   SOLE   23,200 0 4,620
MICROSOFT CORP Common 594918104 9,079 242,700 SH   SOLE   200,200 0 42,500
MICROSOFT CORP Common 594918104 56 1,500 SH   OTR   0 0 1,500
MUELLER WATER PRODUCTS INC-A Common 624758108 112 12,000 SH   SOLE   0 0 12,000
NEWMONT MINING CORP Common 651639106 2,084 90,500 SH   SOLE   74,500 0 16,000
NORFOLK SOUTHERN CORP Common 655844108 343 3,700 SH   SOLE   700 0 3,000
PARTNERRE LTD-BMD Common G6852T105 654 6,205 SH   SOLE   4,105 0 2,100
PEPSICO INC Common 713448108 896 10,800 SH   SOLE   8,800 0 2,000
PROCTER & GAMBLE CO Common 742718109 550 6,750 SH   SOLE   4,300 0 2,450
QUALCOMM INC Common 747525103 679 9,150 SH   SOLE   7,000 0 2,150
ST JUDE MEDICAL INC. Common 790849103 1,414 22,825 SH   SOLE   15,425 0 7,400
TARGET CORP Common 87612E106 1,106 17,480 SH   SOLE   10,710 0 6,770
TEREX CORP Common 880779103 9,168 218,341 SH   SOLE   186,400 0 31,941
TOYOTA MOTOR CORP ADR Common 892331307 6,320 51,835 SH   SOLE   44,800 0 7,035
UNITED PARCEL SERVICE-CL B Common 911312106 7,147 68,015 SH   SOLE   55,900 0 12,115
UNITED PARCEL SERVICE-CL B Common 911312106 84 800 SH   OTR   0 0 800
URS CORP Common 903236107 53 1,000 SH   OTR   0 0 1,000
URS CORP Common 903236107 4,618 87,150 SH   SOLE   72,300 0 14,850
VERIZON COMMUNICATIONS Common 92343V104 435 8,849 SH   SOLE   1,749 0 7,100
VISA INC CL A Common 92826C839 769 3,455 SH   SOLE   2,830 0 625
WALGREEN CO Common 931422109 201 3,500 SH   SOLE   0 0 3,500
WHIRLPOOL CORP Common 963320106 9,911 63,185 SH   SOLE   52,300 0 10,885