<SEC-DOCUMENT>0001140361-13-042418.txt : 20131114
<SEC-HEADER>0001140361-13-042418.hdr.sgml : 20131114
<ACCEPTANCE-DATETIME>20131114103541
ACCESSION NUMBER:		0001140361-13-042418
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130930
FILED AS OF DATE:		20131114
DATE AS OF CHANGE:		20131114
EFFECTIVENESS DATE:		20131114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATHERTON LANE ADVISERS, LLC
		CENTRAL INDEX KEY:			0001326196
		IRS NUMBER:				061729782
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-11768
		FILM NUMBER:		131217457

	BUSINESS ADDRESS:	
		STREET 1:		3000 SAND HILL ROAD
		STREET 2:		BUILDING 1, SUITE 170
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-233-1200

	MAIL ADDRESS:	
		STREET 1:		3000 SAND HILL ROAD
		STREET 2:		BUILDING 1, SUITE 170
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Atherton Lane Advisers LLC
		DATE OF NAME CHANGE:	20050505
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <liveTestFlag>LIVE</liveTestFlag>
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        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
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      <filer>
        <credentials>
          <cik>0001326196</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>09-30-2013</periodOfReport>
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  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2013</reportCalendarOrQuarter>
      <filingManager>
        <name>ATHERTON LANE ADVISERS, LLC</name>
        <address>
          <com:street1>3000 SAND HILL ROAD</com:street1>
          <com:street2>BUILDING 1, SUITE 170</com:street2>
          <com:city>MENLO PARK</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94025</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-11768</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>William E. McDonnell</name>
      <title>Chief Compliance Officer</title>
      <phone>650-233-1200</phone>
      <signature>William E. McDonnell</signature>
      <city>Menlo Park</city>
      <stateOrCountry>CA</stateOrCountry>
      <signatureDate>11-11-2013</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>137</tableEntryTotal>
      <tableValueTotal>1461117</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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<DOCUMENT>
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			</votingAuthority>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>CHESAPEAKE ENERGY CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>165167107</cusip>
			<value>19012</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>734612</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CHEVRON CORP</nameOfIssuer>
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			<cusip>166764100</cusip>
			<value>4477</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>36844</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CHUBB CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>171232101</cusip>
			<value>21958</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>246005</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CISCO SYSTEMS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>17275R102</cusip>
			<value>20299</value>
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				<sshPrnamt>866319</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>866319</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CITIGROUP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>172967424</cusip>
			<value>206</value>
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				<sshPrnamt>4239</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4239</Sole>
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				<None>0</None>
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			<nameOfIssuer>COACH INC</nameOfIssuer>
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			<cusip>189754104</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>322251</Sole>
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				<None>0</None>
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			<nameOfIssuer>COCA-COLA COMPANY</nameOfIssuer>
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			<cusip>191216100</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>464195</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>20825C104</cusip>
			<value>451</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6490</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>COSTCO WHSL CORP</nameOfIssuer>
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			<cusip>22160K105</cusip>
			<value>22086</value>
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				<sshPrnamt>191769</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>191769</Sole>
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				<None>0</None>
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			<nameOfIssuer>CUMMINS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>183778</Sole>
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				<None>0</None>
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			<nameOfIssuer>DENISON MINES CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>248356107</cusip>
			<value>14</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>DEVON ENERGY CORP</nameOfIssuer>
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			<cusip>25179M103</cusip>
			<value>17316</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>299796</Sole>
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				<None>0</None>
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			<nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<value>237</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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			<nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>254709108</cusip>
			<value>587</value>
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				<sshPrnamt>11621</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11621</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>DU PONT E I DE NEMOURS &amp; CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>263534109</cusip>
			<value>19518</value>
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				<sshPrnamt>333304</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>333304</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EMC CORPORATION MASS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>268648102</cusip>
			<value>19933</value>
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				<sshPrnamt>779846</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>779846</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EBAY INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>278642103</cusip>
			<value>289</value>
			<shrsOrPrnAmt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>5181</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EXPRESS SCRIPTS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30219G108</cusip>
			<value>20904</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>338246</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>30231G102</cusip>
			<value>20115</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>233783</Sole>
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		<infoTable>
			<nameOfIssuer>FACEBOOK INC</nameOfIssuer>
			<titleOfClass>COM  CLASS A</titleOfClass>
			<cusip>30303M102</cusip>
			<value>575</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11452</Sole>
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			<nameOfIssuer>FIRST REPUBLIC BANK</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>33616C100</cusip>
			<value>23930</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>513197</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>FORD MOTOR CO</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>345370860</cusip>
			<value>22188</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1315243</Sole>
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		<infoTable>
			<nameOfIssuer>GENERAL ELEC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>369604103</cusip>
			<value>24611</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1030200</Sole>
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				<None>0</None>
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			<nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>375558103</cusip>
			<value>513</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>GOLUB CAPITAL BDC INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>38173M102</cusip>
			<value>35443</value>
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			<nameOfIssuer>GOOGLE INC</nameOfIssuer>
			<titleOfClass>COM CLASS A</titleOfClass>
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			<value>30035</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>34290</Sole>
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			<nameOfIssuer>HEALTH CARE REIT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>42217K106</cusip>
			<value>256</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4100</Sole>
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				<None>0</None>
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			<nameOfIssuer>HELMERICH &amp; PAYNE INC</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>HEWLETT PACKARD CORP</nameOfIssuer>
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			<cusip>428236103</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
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			<cusip>437076102</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>313979</Sole>
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		<infoTable>
			<nameOfIssuer>HONEYWELL INTERNATIONAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>438516106</cusip>
			<value>26294</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>316638</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>INTEL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>458140100</cusip>
			<value>24412</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1065052</Sole>
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		<infoTable>
			<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>459200101</cusip>
			<value>16527</value>
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				<sshPrnamt>89245</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>89245</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>INTUIT INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>461202103</cusip>
			<value>19148</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>288771</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>INTUITIVE SURGICAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46120E602</cusip>
			<value>10468</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27821</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>ISHARES INC</nameOfIssuer>
			<titleOfClass>MSCI SINGAPO</titleOfClass>
			<cusip>464286673</cusip>
			<value>28414</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>ISHARES</nameOfIssuer>
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		<infoTable>
			<nameOfIssuer>ISHARES INC</nameOfIssuer>
			<titleOfClass>MSCI HONG KO</titleOfClass>
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			<value>34630</value>
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				<sshPrnamt>1728927</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>ISHARES TRUST</nameOfIssuer>
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			<value>677</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10205</Sole>
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		<infoTable>
			<nameOfIssuer>ISHARES</nameOfIssuer>
			<titleOfClass>FTSE/XIN CH 25</titleOfClass>
			<cusip>464287184</cusip>
			<value>348</value>
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				<sshPrnamt>9383</sshPrnamt>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>9383</Sole>
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			<nameOfIssuer>ISHARES</nameOfIssuer>
			<titleOfClass>S&amp;P US PFD STK</titleOfClass>
			<cusip>464288687</cusip>
			<value>243</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6384</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>46625H100</cusip>
			<value>25143</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<Sole>486411</Sole>
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		<infoTable>
			<nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>478160104</cusip>
			<value>1425</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>16433</Sole>
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			<nameOfIssuer>JOY GLOBAL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6215</Sole>
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		<infoTable>
			<nameOfIssuer>KLA TENCOR CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>482480100</cusip>
			<value>16424</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>269914</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>KKR &amp; CO LP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>48248M102</cusip>
			<value>54894</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>LPL FINANCIAL HOLDINGS INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>50212V100</cusip>
			<value>2786</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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			<nameOfIssuer>LILLY ELI &amp; COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>532457108</cusip>
			<value>20979</value>
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			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>MANULIFE FINANCIAL CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>56501R106</cusip>
			<value>15719</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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		<infoTable>
			<nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>580135101</cusip>
			<value>16940</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>MCKESSON CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58155Q103</cusip>
			<value>329</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MERCK &amp; CO. INC.</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>58933Y105</cusip>
			<value>416</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>8741</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>594918104</cusip>
			<value>906</value>
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				<sshPrnamt>27225</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>27225</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>MONSANTO COMPANY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61166W101</cusip>
			<value>464</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>4446</Sole>
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				<None>0</None>
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			<nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>617446448</cusip>
			<value>22786</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>845477</Sole>
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		<infoTable>
			<nameOfIssuer>MOSAIC CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>61945C103</cusip>
			<value>15812</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>MYLAN INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>628530107</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>NETAPP INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>64110D104</cusip>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>400241</Sole>
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			<nameOfIssuer>NIKE INC</nameOfIssuer>
			<titleOfClass>COM CLASS B</titleOfClass>
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			<value>24681</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>NOKIA CORP</nameOfIssuer>
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			<value>287</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>OLD NATIONAL BANCORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>680033107</cusip>
			<value>188</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>ONEOK PARTNERS LP</nameOfIssuer>
			<titleOfClass>UNIT LIM PTNR</titleOfClass>
			<cusip>68268N103</cusip>
			<value>223</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>ORACLE CORP</nameOfIssuer>
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			<cusip>68389X105</cusip>
			<value>606</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>18268</Sole>
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				<None>0</None>
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		<infoTable>
			<nameOfIssuer>PARKER-HANNIFIN CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>701094104</cusip>
			<value>22371</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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			<nameOfIssuer>PEPSICO INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>713448108</cusip>
			<value>548</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>6898</Sole>
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			<nameOfIssuer>PFIZER INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>717081103</cusip>
			<value>19357</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>718172109</cusip>
			<value>1045</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PIMCO HIGH INCOME FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>722014107</cusip>
			<value>16457</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1378282</Sole>
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		<infoTable>
			<nameOfIssuer>PIMCO CORPORATE OPPTY FUND</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>72201B101</cusip>
			<value>20422</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
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		<infoTable>
			<nameOfIssuer>PLAINS ALL AMERICAN PIPELINE</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>726503105</cusip>
			<value>369</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>7004</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>POWERSHARES QQQ TRUST</nameOfIssuer>
			<titleOfClass>UNIT SER-1</titleOfClass>
			<cusip>73935A104</cusip>
			<value>941</value>
			<shrsOrPrnAmt>
				<sshPrnamt>11925</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>11925</Sole>
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				<None>0</None>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PRECISION CASTPARTS CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>740189105</cusip>
			<value>260</value>
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				<sshPrnamt>1143</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1143</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>PROCTER &amp; GAMBLE CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>742718109</cusip>
			<value>1542</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>20398</Sole>
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		</infoTable>
		<infoTable>
			<nameOfIssuer>QUALCOMM INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>747525103</cusip>
			<value>18765</value>
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			<value>472</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<nameOfIssuer>S&amp;P DEPOSITORY RECEIPTS TRUST</nameOfIssuer>
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			<nameOfIssuer>SPDR S&amp;P MIDCAP 400 ETF TRUST</nameOfIssuer>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>SEMPRA ENERGY</nameOfIssuer>
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			<cusip>816851109</cusip>
			<value>300</value>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>SIEMENS A G SPON ADR</nameOfIssuer>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<value>212</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<value>25151</value>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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				<None>0</None>
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			<nameOfIssuer>STAPLES, INC.</nameOfIssuer>
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			<value>17085</value>
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			<cusip>86764L108</cusip>
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				<sshPrnamtType>SH</sshPrnamtType>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<cusip>921910816</cusip>
			<value>262</value>
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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>
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				<None>0</None>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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			<investmentDiscretion>SOLE</investmentDiscretion>
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