<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>Abbott</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>002824100</cusip>
			<value>9626</value>
			<shrsOrPrnAmt>
				<sshPrnamt>196136</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>196136</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AbbVie</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00287y109</cusip>
			<value>16312</value>
			<shrsOrPrnAmt>
				<sshPrnamt>242779</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>242779</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Acadia Pharmaceuticals</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>004225108</cusip>
			<value>993</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23700</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23700</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ADP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>053015103</cusip>
			<value>5154</value>
			<shrsOrPrnAmt>
				<sshPrnamt>64243</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>64243</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Aetna</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00817y108</cusip>
			<value>534</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4189</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4189</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AIG</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>026874784</cusip>
			<value>2028</value>
			<shrsOrPrnAmt>
				<sshPrnamt>32811</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>32811</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Air Products &amp; Chemicals</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>009158106</cusip>
			<value>324</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2370</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2370</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AK Steel Holding</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>001547108</cusip>
			<value>39</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Allergan</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>018490102</cusip>
			<value>645</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2127</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2127</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Altria Group</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02209s103</cusip>
			<value>2304</value>
			<shrsOrPrnAmt>
				<sshPrnamt>47107</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>47107</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Amazon.com</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>023135106</cusip>
			<value>602</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1387</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1387</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>American Elec Power</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025537101</cusip>
			<value>1338</value>
			<shrsOrPrnAmt>
				<sshPrnamt>25267</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>25267</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>American Express</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>025816109</cusip>
			<value>837</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10768</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10768</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Amgen</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>031162100</cusip>
			<value>11638</value>
			<shrsOrPrnAmt>
				<sshPrnamt>75810</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>75810</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Anadarko Petroleum</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>032511107</cusip>
			<value>384</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4913</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4913</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Anheuser-Busch InBev Spn ADR</nameOfIssuer>
			<titleOfClass>SPON ADR</titleOfClass>
			<cusip>03524a108</cusip>
			<value>232</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1920</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1920</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Apple Computer</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>037833100</cusip>
			<value>1707</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13608</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13608</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AT&amp;T</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>00206r102</cusip>
			<value>5271</value>
			<shrsOrPrnAmt>
				<sshPrnamt>148405</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>148405</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Autodesk</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>052769106</cusip>
			<value>433</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8642</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8642</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bank of America</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>060505104</cusip>
			<value>2439</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143294</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>143294</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bank of Montreal</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>063671101</cusip>
			<value>4422</value>
			<shrsOrPrnAmt>
				<sshPrnamt>74590</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>74590</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bank of New York Mellon</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>064058100</cusip>
			<value>206</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4915</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4915</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Berkshire Hathaway Cl A</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>084670108</cusip>
			<value>410</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Berkshire Hathaway Cl B</nameOfIssuer>
			<titleOfClass>CL B NEW</titleOfClass>
			<cusip>084670702</cusip>
			<value>2147</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15775</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15775</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Biogen Idec</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>09062x103</cusip>
			<value>758</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1877</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1877</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Boeing</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>097023105</cusip>
			<value>431</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3110</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3110</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BP ADR</nameOfIssuer>
			<titleOfClass>SPON ADR</titleOfClass>
			<cusip>055622104</cusip>
			<value>4733</value>
			<shrsOrPrnAmt>
				<sshPrnamt>118438</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>118438</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Bristol Myers</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>110122108</cusip>
			<value>270</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4058</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4058</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Broadcom Corp</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>111320107</cusip>
			<value>374</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7262</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7262</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Campbell Soup</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>134429109</cusip>
			<value>1324</value>
			<shrsOrPrnAmt>
				<sshPrnamt>27779</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27779</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CDK Global</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>12508e101</cusip>
			<value>328</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6072</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6072</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chevron Texaco</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>166764100</cusip>
			<value>2715</value>
			<shrsOrPrnAmt>
				<sshPrnamt>28148</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>28148</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Chubb</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>171232101</cusip>
			<value>10598</value>
			<shrsOrPrnAmt>
				<sshPrnamt>111391</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>111391</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Cisco</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>17275r102</cusip>
			<value>15124</value>
			<shrsOrPrnAmt>
				<sshPrnamt>550778</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>550778</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Citigroup</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>172967424</cusip>
			<value>10467</value>
			<shrsOrPrnAmt>
				<sshPrnamt>189487</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>189487</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Coca Cola</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>191216100</cusip>
			<value>11945</value>
			<shrsOrPrnAmt>
				<sshPrnamt>304490</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>304490</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Comcast Corp - Class A</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>20030n101</cusip>
			<value>330</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5481</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5481</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Comcast Corp Special Cl A</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20030N200</cusip>
			<value>950</value>
			<shrsOrPrnAmt>
				<sshPrnamt>15843</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>15843</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Community Bank</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>203607106</cusip>
			<value>2579</value>
			<shrsOrPrnAmt>
				<sshPrnamt>68281</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>68281</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ConocoPhillips</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>20825c104</cusip>
			<value>6509</value>
			<shrsOrPrnAmt>
				<sshPrnamt>105989</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>105989</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CVS Health</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>126650100</cusip>
			<value>363</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3457</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3457</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Danaher Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>235851102</cusip>
			<value>405</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4733</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4733</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Davita Healthcare Partners</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>23918k108</cusip>
			<value>208</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2620</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2620</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Directv</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>25490a309</cusip>
			<value>6835</value>
			<shrsOrPrnAmt>
				<sshPrnamt>73663</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>73663</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Discover Financial Services</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>254709108</cusip>
			<value>295</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5125</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5125</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Disney</nameOfIssuer>
			<titleOfClass>COM DISNEY</titleOfClass>
			<cusip>254687106</cusip>
			<value>6897</value>
			<shrsOrPrnAmt>
				<sshPrnamt>60422</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>60422</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Duke Energy</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>26441c204</cusip>
			<value>335</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4746</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4746</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Emerson Electric</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>291011104</cusip>
			<value>8850</value>
			<shrsOrPrnAmt>
				<sshPrnamt>159663</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>159663</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Energy Transfer</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>29273v100</cusip>
			<value>273</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4254</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4254</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Exxon Mobil</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30231g102</cusip>
			<value>4873</value>
			<shrsOrPrnAmt>
				<sshPrnamt>58568</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>58568</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Fifth Third Bancorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>316773100</cusip>
			<value>453</value>
			<shrsOrPrnAmt>
				<sshPrnamt>21781</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>21781</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Financial Sector Index Fund</nameOfIssuer>
			<titleOfClass>SBI INT-FINL</titleOfClass>
			<cusip>81369y605</cusip>
			<value>318</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13058</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13058</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Ford Motor</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>345370860</cusip>
			<value>194</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12939</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12939</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>General Dynamics</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369550108</cusip>
			<value>233</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1643</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1643</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>General Electric</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369604103</cusip>
			<value>16064</value>
			<shrsOrPrnAmt>
				<sshPrnamt>604597</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>604597</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>General Mills</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>370334104</cusip>
			<value>16039</value>
			<shrsOrPrnAmt>
				<sshPrnamt>287858</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>287858</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Genuine Parts</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>372460105</cusip>
			<value>3973</value>
			<shrsOrPrnAmt>
				<sshPrnamt>44376</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>44376</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Goldman Sachs</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38141g104</cusip>
			<value>354</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1697</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1697</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Google Cl A V</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>38259p508</cusip>
			<value>373</value>
			<shrsOrPrnAmt>
				<sshPrnamt>690</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>690</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Google Cl C NV</nameOfIssuer>
			<titleOfClass>CL C</titleOfClass>
			<cusip>38259p706</cusip>
			<value>344</value>
			<shrsOrPrnAmt>
				<sshPrnamt>661</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>661</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Gramercy Property Trust</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>38489r605</cusip>
			<value>204</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8750</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8750</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Hertz Global Holdings</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>42805t105</cusip>
			<value>230</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12675</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12675</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Home Depot</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>437076102</cusip>
			<value>1649</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14837</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14837</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Honeywell</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>438516106</cusip>
			<value>9193</value>
			<shrsOrPrnAmt>
				<sshPrnamt>90153</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>90153</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Huntington Bancshares</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>446150104</cusip>
			<value>5361</value>
			<shrsOrPrnAmt>
				<sshPrnamt>473968</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>473968</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IBM</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>459200101</cusip>
			<value>1258</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7732</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7732</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Illinois Tool Works</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>452308109</cusip>
			<value>962</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10481</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10481</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Intel</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>458140100</cusip>
			<value>9383</value>
			<shrsOrPrnAmt>
				<sshPrnamt>308487</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>308487</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Dividend Index Fund</nameOfIssuer>
			<titleOfClass>SELECT DIVID ETF</titleOfClass>
			<cusip>464287168</cusip>
			<value>1539</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20482</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20482</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares iBoxx Bond</nameOfIssuer>
			<titleOfClass>IBOXX INV CP ETF</titleOfClass>
			<cusip>464287242</cusip>
			<value>577</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4983</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4983</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares MSCE EAFE Index Fund</nameOfIssuer>
			<titleOfClass>MSCI EAFE ETF</titleOfClass>
			<cusip>464287465</cusip>
			<value>795</value>
			<shrsOrPrnAmt>
				<sshPrnamt>12528</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>12528</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Russell 1000 Growth In</nameOfIssuer>
			<titleOfClass>RUS 1000 GRW ETF</titleOfClass>
			<cusip>464287614</cusip>
			<value>3068</value>
			<shrsOrPrnAmt>
				<sshPrnamt>30990</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>30990</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares Russell 1000 Value</nameOfIssuer>
			<titleOfClass>RUS 1000 VAL ETF</titleOfClass>
			<cusip>464287598</cusip>
			<value>2141</value>
			<shrsOrPrnAmt>
				<sshPrnamt>20759</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20759</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares S&amp;P 500 Growth Index</nameOfIssuer>
			<titleOfClass>S&amp;P 500 GRWT ETF</titleOfClass>
			<cusip>464287309</cusip>
			<value>384</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3376</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3376</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>IShares S&amp;P National AMT-Free</nameOfIssuer>
			<titleOfClass>NAT AMT FREE BD</titleOfClass>
			<cusip>464288414</cusip>
			<value>352</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3250</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3250</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>iShares TR Russell 2000</nameOfIssuer>
			<titleOfClass>RUSSELL 2000 ETF</titleOfClass>
			<cusip>464287655</cusip>
			<value>2939</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23535</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>23535</Sole>
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				<None>0</None>
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			<nameOfIssuer>iShares TR Russell MCP VL</nameOfIssuer>
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				<sshPrnamt>2747</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2747</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
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				<sshPrnamt>168592</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>168592</Sole>
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				<None>0</None>
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			<nameOfIssuer>JPMorgan</nameOfIssuer>
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				<sshPrnamt>320377</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>320377</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Kellogg</nameOfIssuer>
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				<sshPrnamt>27523</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27523</Sole>
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		<infoTable>
			<nameOfIssuer>Kimberly-Clark</nameOfIssuer>
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				<sshPrnamt>53519</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>53519</Sole>
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			<nameOfIssuer>Kinder Morgan</nameOfIssuer>
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			<cusip>49456b101</cusip>
			<value>519</value>
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				<sshPrnamt>13516</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13516</Sole>
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			<nameOfIssuer>Kohls</nameOfIssuer>
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				<sshPrnamt>59259</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>59259</Sole>
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			<nameOfIssuer>Kraft Foods</nameOfIssuer>
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				<sshPrnamt>206840</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>206840</Sole>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>Leggett &amp; Platt</nameOfIssuer>
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				<sshPrnamt>424640</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>Lilly</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>1874</value>
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				<sshPrnamt>22450</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22450</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Lockheed Martin</nameOfIssuer>
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			<cusip>539830109</cusip>
			<value>7112</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<votingAuthority>
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		<infoTable>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<cusip>57636q104</cusip>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>87609</Sole>
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		<infoTable>
			<nameOfIssuer>Medtronic</nameOfIssuer>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>77797</Sole>
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		<infoTable>
			<nameOfIssuer>Merck</nameOfIssuer>
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				<sshPrnamt>135921</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>Metlife</nameOfIssuer>
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			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>MMM</nameOfIssuer>
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			<value>533</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Mondelez</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>Montpelier Re Holdings</nameOfIssuer>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<votingAuthority>
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			<nameOfIssuer>News Corp Cl A</nameOfIssuer>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<votingAuthority>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
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		<infoTable>
			<nameOfIssuer>Penns Woods Bancorp</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Peoples Financial Services</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>Pepsico</nameOfIssuer>
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			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Pfizer</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
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		<infoTable>
			<nameOfIssuer>Philip Morris</nameOfIssuer>
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			<cusip>718172109</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Phillips 66</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
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		<infoTable>
			<nameOfIssuer>PP&amp;L Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>69351t106</cusip>
			<value>6413</value>
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				<sshPrnamt>217617</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>217617</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>Precision Castparts</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>740189105</cusip>
			<value>207</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1038</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1038</Sole>
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				<None>0</None>
			</votingAuthority>
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		<infoTable>
			<nameOfIssuer>Procter &amp; Gamble</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>11259</value>
			<shrsOrPrnAmt>
				<sshPrnamt>143908</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>143908</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Provident Financial Services</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>74386t105</cusip>
			<value>603</value>
			<shrsOrPrnAmt>
				<sshPrnamt>31738</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>31738</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PulteGroup</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>745867101</cusip>
			<value>5511</value>
			<shrsOrPrnAmt>
				<sshPrnamt>273521</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>273521</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Qualcomm</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>6468</value>
			<shrsOrPrnAmt>
				<sshPrnamt>103268</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>103268</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Raytheon</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>755111507</cusip>
			<value>1258</value>
			<shrsOrPrnAmt>
				<sshPrnamt>13148</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>13148</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Reynolds American</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>761713106</cusip>
			<value>455</value>
			<shrsOrPrnAmt>
				<sshPrnamt>6092</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6092</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>S&amp;P 500 Spiders</nameOfIssuer>
			<titleOfClass>TR UNIT</titleOfClass>
			<cusip>78462f103</cusip>
			<value>3423</value>
			<shrsOrPrnAmt>
				<sshPrnamt>16631</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16631</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Sandisk Corp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>80004c101</cusip>
			<value>207</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3557</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3557</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Sanofi Aventis ADR</nameOfIssuer>
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			<cusip>80105n105</cusip>
			<value>409</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8260</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8260</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Schwab US Large-Cap Value ETF</nameOfIssuer>
			<titleOfClass>US LCAP VA ETF</titleOfClass>
			<cusip>808524409</cusip>
			<value>251</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5837</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5837</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Seagate Technology</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>g7945m107</cusip>
			<value>284</value>
			<shrsOrPrnAmt>
				<sshPrnamt>5981</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5981</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Southern Company</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>842587107</cusip>
			<value>370</value>
			<shrsOrPrnAmt>
				<sshPrnamt>8824</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8824</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Southwestern Energy</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>845467109</cusip>
			<value>330</value>
			<shrsOrPrnAmt>
				<sshPrnamt>14500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>SPDR Barclays Capital High Yie</nameOfIssuer>
			<titleOfClass>BRC HGH YLD BD</titleOfClass>
			<cusip>78464a417</cusip>
			<value>440</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11444</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11444</Sole>
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		<infoTable>
			<nameOfIssuer>Synovus Financial</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87161c501</cusip>
			<value>3415</value>
			<shrsOrPrnAmt>
				<sshPrnamt>110814</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>110814</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Sysco</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>871829107</cusip>
			<value>2379</value>
			<shrsOrPrnAmt>
				<sshPrnamt>65893</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>65893</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Talen Energy</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>87422j105</cusip>
			<value>5134</value>
			<shrsOrPrnAmt>
				<sshPrnamt>299159</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>299159</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>TE Connectivity</nameOfIssuer>
			<titleOfClass>REG SHS</titleOfClass>
			<cusip>H84989104</cusip>
			<value>7047</value>
			<shrsOrPrnAmt>
				<sshPrnamt>109596</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>109596</Sole>
				<Shared>0</Shared>
				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Texas Instruments</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>882508104</cusip>
			<value>540</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10484</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10484</Sole>
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		<infoTable>
			<nameOfIssuer>The Blackstone Group</nameOfIssuer>
			<titleOfClass>COM UNIT LTD</titleOfClass>
			<cusip>09253u108</cusip>
			<value>1443</value>
			<shrsOrPrnAmt>
				<sshPrnamt>35300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>35300</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>TJX Companies</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>872540109</cusip>
			<value>322</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4870</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4870</Sole>
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		<infoTable>
			<nameOfIssuer>Tupperware</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>899896104</cusip>
			<value>507</value>
			<shrsOrPrnAmt>
				<sshPrnamt>7850</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7850</Sole>
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		<infoTable>
			<nameOfIssuer>Unilever PLC ADR</nameOfIssuer>
			<titleOfClass>SPONSORED ADR NEW</titleOfClass>
			<cusip>904767704</cusip>
			<value>772</value>
			<shrsOrPrnAmt>
				<sshPrnamt>17979</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>17979</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>United Parcel Service</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>911312106</cusip>
			<value>1119</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11548</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>United Technologies 7% Pfd con</nameOfIssuer>
			<titleOfClass>UNIT 06/01/2015</titleOfClass>
			<cusip>913017117</cusip>
			<value>243</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4240</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4240</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>Unitedhealth Group</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>91324p102</cusip>
			<value>878</value>
			<shrsOrPrnAmt>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<votingAuthority>
				<Sole>7200</Sole>
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		<infoTable>
			<nameOfIssuer>US Bancorp</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>902973304</cusip>
			<value>209</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4810</Sole>
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		<infoTable>
			<nameOfIssuer>Valero Energy</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>91913y100</cusip>
			<value>621</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9915</Sole>
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		<infoTable>
			<nameOfIssuer>Vanguard Dividend Appreciation</nameOfIssuer>
			<titleOfClass>DIV APP ETF</titleOfClass>
			<cusip>921908844</cusip>
			<value>1173</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>14927</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>Vanguard FTSE Europe</nameOfIssuer>
			<titleOfClass>FTSE EUROPE ETF</titleOfClass>
			<cusip>922042874</cusip>
			<value>1238</value>
			<shrsOrPrnAmt>
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			<votingAuthority>
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			<nameOfIssuer>Vanguard FTSE World ex-US</nameOfIssuer>
			<titleOfClass>ALLWRLD EX US</titleOfClass>
			<cusip>922042775</cusip>
			<value>431</value>
			<shrsOrPrnAmt>
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			<votingAuthority>
				<Sole>8873</Sole>
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			<nameOfIssuer>Vanguard High Dvd Yield</nameOfIssuer>
			<titleOfClass>HIGH DIV YLD</titleOfClass>
			<cusip>921946406</cusip>
			<value>226</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3351</Sole>
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			<nameOfIssuer>Vanguard Mid Cap</nameOfIssuer>
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			<cusip>922908629</cusip>
			<value>6971</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Vanguard Russell 1000 Growth</nameOfIssuer>
			<titleOfClass>VNG RUS1000GRW</titleOfClass>
			<cusip>92206c680</cusip>
			<value>292</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2886</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>Vanguard Russell 1000 Value</nameOfIssuer>
			<titleOfClass>VNG RUS1000VAL</titleOfClass>
			<cusip>92206c714</cusip>
			<value>374</value>
			<shrsOrPrnAmt>
				<sshPrnamt>4174</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4174</Sole>
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		<infoTable>
			<nameOfIssuer>Vanguard Small Cap</nameOfIssuer>
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			<cusip>922908751</cusip>
			<value>5982</value>
			<shrsOrPrnAmt>
				<sshPrnamt>49244</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>49244</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Verizon</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92343v104</cusip>
			<value>1247</value>
			<shrsOrPrnAmt>
				<sshPrnamt>26745</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>26745</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Vertex Pharmaceuticals</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92532f100</cusip>
			<value>224</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1813</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1813</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Viacom Cl B</nameOfIssuer>
			<titleOfClass>CL B</titleOfClass>
			<cusip>92553p201</cusip>
			<value>7661</value>
			<shrsOrPrnAmt>
				<sshPrnamt>118524</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>118524</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Wal-Mart</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>931142103</cusip>
			<value>1616</value>
			<shrsOrPrnAmt>
				<sshPrnamt>22780</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>22780</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Waste Management</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>94106l109</cusip>
			<value>11428</value>
			<shrsOrPrnAmt>
				<sshPrnamt>246558</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>246558</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WCI Communities</nameOfIssuer>
			<titleOfClass>COM PAR $0.01</titleOfClass>
			<cusip>92923c807</cusip>
			<value>2172</value>
			<shrsOrPrnAmt>
				<sshPrnamt>89043</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>89043</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Weatherford PLC</nameOfIssuer>
			<titleOfClass>ORD SHS</titleOfClass>
			<cusip>g48833100</cusip>
			<value>293</value>
			<shrsOrPrnAmt>
				<sshPrnamt>23842</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>23842</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Wells Fargo</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>949746101</cusip>
			<value>17263</value>
			<shrsOrPrnAmt>
				<sshPrnamt>306947</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>306947</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WP Carey</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92936u109</cusip>
			<value>17809</value>
			<shrsOrPrnAmt>
				<sshPrnamt>302147</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>302147</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>Zions Bancorp</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>989701107</cusip>
			<value>1378</value>
			<shrsOrPrnAmt>
				<sshPrnamt>43428</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>43428</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
