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 651 11,270 SH   SOLE   8,850 0 2,420
ACE LIMITED Common G0070K103 6,775 64,600 SH   SOLE   53,940 0 10,660
AFLAC INC. Common 001055102 6,191 106,283 SH   SOLE   90,298 0 15,985
APPLE COMPUTER INC. Common 037833100 5,520 54,785 SH   SOLE   45,815 0 8,970
BANCORPSOUTH INC Common 059692103 222 11,000 SH   SOLE   11,000 0 0
BECTON DICKINSON & CO Common 075887109 6,504 57,150 SH   SOLE   47,570 0 9,580
BECTON DICKINSON & CO Common 075887109 68 600 SH   OTR   0 0 600
BED BATH & BEYOND INC. Common 075896100 6,387 97,025 SH   SOLE   81,100 0 15,925
C S X CORPORATION Common 126408103 6,894 215,040 SH   SOLE   173,325 0 41,715
CHEVRON CORP Common 166764100 312 2,616 SH   SOLE   2,316 0 300
COACH INC Common 189754104 4,141 116,300 SH   SOLE   97,400 0 18,900
COACH INC Common 189754104 53 1,500 SH   OTR   0 0 1,500
CROWN HOLDINGS INC. Common 228368106 2,973 66,780 SH   SOLE   54,870 0 11,910
DARDEN RESTAURANTS Common 237194105 1,786 34,700 SH   SOLE   27,900 0 6,800
DIAMOND OFFSHORE DRILLING Common 25271C102 2,080 60,700 SH   SOLE   48,900 0 11,800
DIAMOND OFFSHORE DRILLING Common 25271C102 21 600 SH   OTR   0 0 600
DISCOVER FINANCIAL SVCS Common 254709108 6,801 105,625 SH   SOLE   86,925 0 18,700
DOW CHEMICAL Common 260543103 7,175 136,830 SH   SOLE   110,750 0 26,080
DOW CHEMICAL Common 260543103 79 1,500 SH   OTR   0 0 1,500
EMC CORP Common 268648102 432 14,775 SH   SOLE   8,125 0 6,650
EMERSON ELECTRIC CO Common 291011104 438 6,996 SH   SOLE   4,996 0 2,000
EVEREST RE GROUP LTD Common G3223R108 589 3,635 SH   SOLE   3,000 0 635
EXPEDITORS INTL OF WASHINGTON INC Common 302130109 4,694 115,675 SH   SOLE   97,800 0 17,875
EXXON MOBIL CORPORATION Common 30231G102 492 5,233 SH   SOLE   3,333 0 1,900
FLUOR CORP Common 343412102 3,282 49,135 SH   SOLE   38,160 0 10,975
FORD MOTOR CO Common 345370860 3,501 236,700 SH   SOLE   197,700 0 39,000
FRANKLIN STREET PPTYS CORP Common 35471R106 118 10,500 SH   SOLE   10,500 0 0
GLAXOSMITHKLINE PLC SP ADR Common 37733W105 3,219 70,015 SH   SOLE   54,900 0 15,115
HEWLETT-PACKARD CO Common 428236103 6,771 190,895 SH   SOLE   157,250 0 33,645
HONDA MOTOR CO LTD ADR Common 438128308 2,250 65,630 SH   SOLE   49,700 0 15,930
HONEYWELL INT'L INC. Common 438516106 694 7,450 SH   SOLE   6,350 0 1,100
INTERNATIONAL PAPER CO. Common 460146103 3,219 67,425 SH   SOLE   56,510 0 10,915
JACOBS ENGINEERING GRP Common 469814107 5,204 106,595 SH   SOLE   89,075 0 17,520
JACOBS ENGINEERING GRP Common 469814107 54 1,100 SH   OTR   0 0 1,100
JOHNSON & JOHNSON INC Common 478160104 416 3,900 SH   SOLE   3,400 0 500
JOHNSON CONTROLS INC Common 478366107 5,841 132,755 SH   SOLE   110,900 0 21,855
JOHNSON CONTROLS INC Common 478366107 44 1,000 SH   OTR   0 0 1,000
LOWE'S COS INC. Common 548661107 972 18,360 SH   SOLE   14,900 0 3,460
MACYS INC Common 55616P104 648 11,135 SH   SOLE   9,300 0 1,835
MARSH & MCLENNAN CO INC Common 571748102 3,984 76,125 SH   SOLE   56,950 0 19,175
MERCK & CO INC Common 589331107 505 8,520 SH   SOLE   6,700 0 1,820
MICROSOFT CORP Common 594918104 7,950 171,480 SH   SOLE   140,200 0 31,280
MICROSOFT CORP Common 594918104 70 1,500 SH   OTR   0 0 1,500
NEWMONT MINING CORP Common 651639106 687 29,800 SH   SOLE   18,300 0 11,500
NOVARTIS AG-ADR Common 66987V109 4,776 50,740 SH   SOLE   42,070 0 8,670
NOVARTIS AG-ADR Common 66987V109 75 800 SH   OTR   0 0 800
PARTNERRE LTD-BMD Common G6852T105 431 3,925 SH   SOLE   3,325 0 600
PEPSICO INC Common 713448108 261 2,800 SH   SOLE   0 0 2,800
PPG INDUSTRIES INC Common 693506107 617 3,135 SH   SOLE   2,225 0 910
PROCTER & GAMBLE CO Common 742718109 301 3,600 SH   SOLE   2,800 0 800
QUALCOMM INC Common 747525103 467 6,250 SH   SOLE   4,075 0 2,175
ROCK TENN CO. CL A Common 772739207 4,070 85,550 SH   SOLE   68,750 0 16,800
SANOFI ADR Common 80105N105 5,726 101,475 SH   SOLE   83,420 0 18,055
ST JUDE MEDICAL INC. Common 790849103 250 4,150 SH   SOLE   2,750 0 1,400
TARGET CORP Common 87612E106 837 13,360 SH   SOLE   10,935 0 2,425
TEREX CORP Common 880779103 4,216 132,696 SH   SOLE   111,335 0 21,361
TOYOTA MOTOR CORP ADR Common 892331307 5,391 45,865 SH   SOLE   40,600 0 5,265
UNITED PARCEL SERVICE-CL B Common 911312106 6,057 61,620 SH   SOLE   50,450 0 11,170
UNITED PARCEL SERVICE-CL B Common 911312106 79 800 SH   OTR   0 0 800
VERIZON COMMUNICATIONS Common 92343V104 305 6,100 SH   SOLE   4,000 0 2,100
VISA INC CL A Common 92826C839 668 3,130 SH   SOLE   2,595 0 535
WHIRLPOOL CORP Common 963320106 1,089 7,475 SH   SOLE   6,175 0 1,300