13F-HR 1 btrtable.txt BTR 13F 09/30/2003 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTORITY NAME OF ISSUER TITLE OF CLASS CUSIP NO (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ----------- -------- -------- -------- ABBOTT LABORATORIES COM 002824100 1821 42788 SH DEFINED 4550 0 38238 AGILENT TECHNOLOGIES INC COM 00846U101 1253 56662 SH DEFINED 8200 0 48462 ALLSTATE CORPORATION COM 020002101 367 10035 SH DEFINED 0 0 10035 AMEREN CORP COM 023608102 554 12915 SH DEFINED 1800 0 11115 AMERICAN INTL GROUP INC COM 026874107 583 10104 SH DEFINED 40 0 10064 ASIA PACIFIC FUND COM 044901106 920 76930 SH DEFINED 1800 0 75130 ASIA TIGERS FUND FUND 04516T105 104 11550 SH DEFINED 400 0 11150 ATLAS PIPELINE PTRNS-UTS COM 049392103 315 8800 SH DEFINED 0 0 8800 BP PLC ADR COM 055622104 321 7631 SH DEFINED 0 0 7631 BARRICK GOLD CORP COM 067901108 2083 110600 SH DEFINED 13550 0 97050 BECTON DICKINSON & CO COM 075887109 411 11382 SH DEFINED 4500 0 6882 BIOTECH HOLDERS COM 09067D201 439 3400 SH DEFINED 150 0 3250 BRANDYWINE REALTY TRUST COM 105368203 208 8100 SH DEFINED 0 0 8100 BRISTOL-MYERS SQUIBB CO COM 110122108 587 22863 SH DEFINED 0 0 22863 CHEVRON TEXACO CORP COM 166764100 2576 36054 SH DEFINED 2350 0 33704 CITIGROUP INC COM 172967101 1239 27232 SH DEFINED 4800 0 22432 CONAGRA FOODS INC COM 205887102 1517 71400 SH DEFINED 2700 0 68700 CONOCOPHILLIPS COM 20825C104 1159 21161 SH DEFINED 4740 0 16421 DTE ENERGY CO COM 233331107 2072 56157 SH DEFINED 6900 0 49257 DEVON ENERGY CORP (NEW) COM 25179M103 1030 21376 SH DEFINED 2202 0 19174 DU PONT (E.I.) DE NEMOURS COM 263534109 365 9127 SH DEFINED 0 0 9127 E.PIPHANY, INC COM 26881V100 80 16000 SH DEFINED 0 0 16000 EASTMAN CHEMICAL CO COM 277432100 330 9850 SH DEFINED 0 0 9850 EXXON MOBIL CORP (NEW) COM 30231G102 4952 135295 SH DEFINED 0 0 135295 FIRSTENERGY CORP COM 337932107 1038 32550 SH DEFINED 2500 0 30050 GENERAL ELECTRIC COMPANY COM 369604103 2882 96683 SH DEFINED 3000 0 93683 HARTFORD FINANCIAL SVCS GRP COM 416515104 371 7050 SH DEFINED 600 0 6450 HEALTH CARE PROPERTIES INC COM 421915109 493 10560 SH DEFINED 600 0 9960 HEALTH MGMT ASSOC INC-A COM 421933102 1059 48550 SH DEFINED 7100 0 41450 HEALTHCARE REALTY TRUST COM 421946104 1208 37780 SH DEFINED 5300 0 32480 HEWLETT-PACKARD COMPANY COM 428236103 1335 68962 SH DEFINED 8065 0 60897 HOME DEPOT INC COM 437076102 2321 72866 SH DEFINED 10750 0 62116 HONEYWELL INTERNATIONAL INC COM 438516106 1498 56866 SH DEFINED 6000 0 50866 INTEL CORPORATION COM 458140100 630 22892 SH DEFINED 3300 0 19592 INTERNATIONAL BUSINESS MACHINE COM 459200101 2990 33845 SH DEFINED 3075 0 30770 ISHARES DJ TRUST TECH SECTOR I COM 464287721 270 6270 SH DEFINED 650 0 5620 I SHARES TRUST DJ US HC INDEX COM 464287762 780 14770 SH DEFINED 450 0 14320 J.P. MORGAN CHASE & CO COM 46625H100 402 11709 SH DEFINED 600 0 11109 JOHNSON & JOHNSON COM 478160104 932 18818 SH DEFINED 2408 0 16410 KERR MC GEE CORP COM 492386107 339 7600 SH DEFINED 0 0 7600 KIMBERLY CLARK COM 494368103 1756 34217 SH DEFINED 4295 0 29922 KINDER MORGAN ENERGY PTNRS COM 494550106 509 11900 SH DEFINED 0 0 11900 LIBERTY MEDIA CORP SER A COM 530718105 2528 253515 SH DEFINED 25546 0 227969 LIBERTY PROPERTY TRUST COM 531172104 288 7800 SH DEFINED 0 0 7800 LYONDELL CHEMICAL COMPANY COM 552078107 222 17400 SH DEFINED 0 0 17400 MBNA CORPORATION COM 55262L100 430 18866 SH DEFINED 4800 0 14066 MCG CAPITAL CORPORATION COM 58047P107 156 10000 SH DEFINED 0 0 10000 MCKESSON FIN CONVER/PREFERRED 5.000% 06-01-258155P501 554 10750 SH DEFINED 0 0 10750 MERCK & COMPANY INCORPORATED COM 589331107 860 16999 SH DEFINED 0 0 16999 MICROSOFT CORP COM 594918104 1565 56296 SH DEFINED 7320 0 48976 MID-ATLANTIC RLTY TR SBI COM 595232109 722 34400 SH DEFINED 4100 0 30300 MURPHY OIL CORP COM 626717102 260 4430 SH DEFINED 380 0 4050 NATIONWIDE HLTH PROPERTIES INC COM 638620104 1160 66342 SH DEFINED 1200 0 65142 NEWS CORP LTD SPONS ADR COM 652487703 2543 77540 SH DEFINED 7365 0 70175 OWENS-ILLINOIS $2.375 CONV PFD CV PRF STK 690768502 255 8900 SH DEFINED 0 0 8900 PYR ENERGY CORP COM 693677106 68 120800 SH DEFINED 1000 0 119800 PEOPLES ENERGY CORP COM 711030106 923 22300 SH DEFINED 1100 0 21200 PEPSICO INCORPORATED COM 713448108 449 9801 SH DEFINED 0 0 9801 PFIZER INC COM 717081103 813 26753 SH DEFINED 0 0 26753 PITNEY-BOWES, INC COM 724479100 253 6600 SH DEFINED 0 0 6600 PRENTISS PROPERTIES TRUST COM 740706106 292 9420 SH DEFINED 870 0 8550 PROCTER AND GAMBLE COMPANY COM 742718109 703 7572 SH DEFINED 500 0 7072 PROGRESSIVE CORP OHIO COM 743315103 464 6718 SH DEFINED 0 0 6718 RADIAN GROUP INC COM 750236101 863 19440 SH DEFINED 2550 0 16890 RAYTHEON CO NEW COM 755111507 1930 68946 SH DEFINED 9800 0 59146 RAYTHEON PREFERRED CV PRF STK 755111606 530 10000 SH DEFINED 0 0 10000 SAFEWAY INC COM 786514208 444 19350 SH DEFINED 50 0 19300 SCHERING PLOUGH CORP COM 806605101 344 22585 SH DEFINED 0 0 22585 SCHLUMBERGER LIMITED COM 806857108 1313 27122 SH DEFINED 4640 0 22482 THE UTILITIES SEL SECT SPDR FD COM 81369Y886 2170 99090 SH DEFINED 6250 0 92840 SERVICEMASTER CO COM 81760N109 2766 269625 SH DEFINED 35700 0 233925 SHURGARD STORAGE CTRS INC COM 82567D104 2032 57575 SH DEFINED 7750 0 49825 TARGET CORP COM 87612E106 2744 72911 SH DEFINED 7175 0 65736 TELEFONICA S A SPONS ADR COM 879382208 268 7551 SH DEFINED 534 0 7017 THERMO ELECTRON CORP COM 883556102 1300 59900 SH DEFINED 3500 0 56400 TORCHMARK CORP COM 891027104 1582 38925 SH DEFINED 4900 0 34025 U.S. BANCORP COM 902973304 2421 100923 SH DEFINED 11148 0 89775 UNITED TECHNOLOGIES CORP COM 913017109 208 2686 SH DEFINED 0 0 2686 VANGUARD 500 INDEX FUND FUND 922908108 295 3204 SH DEFINED 411 0 2793 VERIZON COMMUNICATIONS COM 92343V104 1276 39330 SH DEFINED 500 0 38830 WASTE MANAGEMENT INC. COM 94106L109 2656 101477 SH DEFINED 7300 0 94177 WELLS FARGO & CO (NEW) COM 949746101 2439 47363 SH DEFINED 2465 0 44898 WORLDCOM INC-WORLDCOM GROUP COM 98157D106 1 10000 SH DEFINED 0 0 10000 WYETH CORP COM 983024100 2649 57466 SH DEFINED 4490 0 52976 INGERSOLL RAND COMPANY LTD NEW COM G4776G101 2307 43170 SH DEFINED 6120 0 37050 WEATHERFORD INTERNATIONAL LTD COM G95089101 954 25240 SH DEFINED 1975 0 23265 FLEXTRONICS INTL LTD ORD COM Y2573F102 510 35900 SH DEFINED 4600 0 31300