13F-HR 1 inftable.txt FORM 13F FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 3994 51245 SH SOLE 51245 Abbott Labs COM 002824100 3838 78800 SH SOLE 78800 Adobe Systems COM 00724f101 617 15000 SH SOLE 15000 Advance Auto Parts COM 00751y106 4605 129500 SH SOLE 129500 Affiliated Computer COM 008190100 6653 136225 SH SOLE 136225 Ambac Financial COM 023139108 980 11000 SH SOLE 11000 American Intl. Group COM 026874107 6490 90566 SH SOLE 90566 Amgen Inc COM 031162100 1018 14900 SH SOLE 14900 AnnTaylor Stores COM 036115103 601 18300 SH SOLE 18300 Archer - Daniels COM 039483102 703 22000 SH SOLE 22000 Arkansas Best Corp COM 040790107 756 21000 SH SOLE 21000 BP p.l.c COM 055622104 4123 61445 SH SOLE 61445 Bank of America Corp COM 060505104 479 8970 SH SOLE 8970 Barr Pharmaceuticals COM 068306109 276 5500 SH SOLE 5500 Bed Bath & Beyond COM 075896100 5145 135040 SH SOLE 135040 Biomet, Inc. COM 090613100 7061 171100 SH SOLE 171100 C.H. Robinson Worldwide COM 12541w209 4457 109000 SH SOLE 109000 CIT Group Inc COM 125581108 7300 130900 SH SOLE 130900 ChevronTexaco Corp COM 166764100 5497 74758 SH SOLE 74758 Chicago Mecantile Exchange COM 167760107 510 1000 SH SOLE 1000 Cisco Systems Inc COM 17275r102 400 14649 SH SOLE 14649 Citigroup COM 172967101 4011 72005 SH SOLE 72005 Costco Companies COM 22160k105 344 6500 SH SOLE 6500 Covance COM 222816100 530 9000 SH SOLE 9000 Coventry Health Care COM 222862104 300 6000 SH SOLE 6000 Dover Corp. COM 260003108 4734 96570 SH SOLE 96570 ENSCO Intl COM 26874Q100 3176 63450 SH SOLE 63450 Everest RE Group COM g3223r108 338 3450 SH SOLE 3450 Express Scripts COM 302182100 1575 22000 SH SOLE 22000 FedEx COM 31428x106 250 2300 SH SOLE 2300 Gannett COM 364730101 1505 24900 SH SOLE 24900 Gap COM 364760108 1365 70000 SH SOLE 70000 General Electric COM 369604103 1065 28630 SH SOLE 28630 Harrah's Entertainment COM 413619107 579 7000 SH SOLE 7000 Helmerich & Payne COM 423452101 245 10000 SH SOLE 10000 Hilb, Rogal & Hobbs COM 431294107 3965 94140 SH SOLE 94140 Home Depot COM 437076102 1958 48750 SH SOLE 48750 Ingersoll-Rand COM g4776g101 814 20790 SH SOLE 20790 Int'l Business Mach. COM 459200101 5143 52935 SH SOLE 52935 Intel Corp. COM 458140100 218 10775 SH SOLE 10775 J.P. Morgan Chase COM 46625h100 5427 112357 SH SOLE 112357 Johnson & Johnson COM 478160104 4765 72173 SH SOLE 72173 L-3 Communications COM 502424104 7348 89850 SH SOLE 89850 Lehman Brothers COM 524908100 824 10550 SH SOLE 10550 Lowe's Companies COM 548661107 8769 281520 SH SOLE 281520 MBIA, Inc. COM 55262c100 10406 142425 SH SOLE 142425 MGIC Investment Corp COM 552848103 1789 28600 SH SOLE 28600 MSC Industrial COM 553530106 251 6400 SH SOLE 6400 Medco Health COM 58405k104 5253 98300 SH SOLE 98300 Merrill Lynch Inc. COM 590188108 6817 73225 SH SOLE 73225 Microsoft COM 594918104 4846 162280 SH SOLE 162280 Motorola Inc. COM 620076109 843 41000 SH SOLE 41000 Nokia Corp COM 654902204 219 10800 SH SOLE 10800 Owens & Minor Inc. COM 690732102 219 7000 SH SOLE 7000 PMI Group COM 69344m101 5920 125500 SH SOLE 125500 Pepsico Inc. COM 713448108 2859 45705 SH SOLE 45705 Radian Group COM 750236101 593 11000 SH SOLE 11000 Royal Dutch Shell COM 780257804 314 4435 SH SOLE 4435 Ruby Tuesday, Inc. COM 781182100 1770 64500 SH SOLE 64500 SLM Corp COM 78442p106 4580 93900 SH SOLE 93900 Southwest Airlines COM 844741108 7622 497500 SH SOLE 497500 Symantec COM 871503108 1506 72240 SH SOLE 72240 TJX Companies Inc COM 872540109 285 10000 SH SOLE 10000 Take Two Interactive COM 874054109 362 20400 SH SOLE 20400 Texas Instruments COM 882508104 530 18400 SH SOLE 18400 Thermo Fisher Scientific COM 883556102 1812 40000 SH SOLE 40000 Tidewater Inc COM 886423102 7718 159600 SH SOLE 159600 Time Warner COM 887317105 653 30000 SH SOLE 30000 Transatlantic Holdings COM 893521104 6226 100250 SH SOLE 100250 Tyco Intl Ltd COM 902124106 2349 77275 SH SOLE 77275 United Health Group COM 91324p102 6500 120975 SH SOLE 120975 United Parcel Service COM 911312106 225 3000 SH SOLE 3000 Wal-Mart Stores COM 931142103 4881 105700 SH SOLE 105700 Walt Disney Co. COM 254687106 380 11085 SH SOLE 11085 Wells Fargo COM 949746101 356 10000 SH SOLE 10000 Werner Industries COM 950755108 1481 84700 SH SOLE 84700 Zimmer Holdings COM 98956p102 7184 91650 SH SOLE 91650 First Industrial Realty COM 32054k103 474 10100 SH SOLE 10100 Lexington Realty Tr COM 529043101 3703 165150 SH SOLE 165150 Bank of NY 6.875% PRD 09656g201 2010 79700 SH SOLE 79700 DDR Class F 8.60% PRD 251591871 324 12750 SH SOLE 12750 FPC Capital I 7.10% PRD 302552203 734 29100 SH SOLE 29100 Harris Pref 7.375% PRD 414567206 1782 70400 SH SOLE 70400 Highwoods Prop 8.0% PRD 431284306 2095 82826 SH SOLE 82826 MBNA Corp. 8.10% PRD 55270b201 307 11700 SH SOLE 11700 Repsol 7.45% PRD G7513k103 2276 90300 SH SOLE 90300 Ryl Bk Scotland 7.25% PRD 780097879 2475 97900 SH SOLE 97900