The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AbbVie Inc. com 00287y109 13,028 219,915 SH   SOLE   132,638 0 87,277
Ace Ltd. shs H0023R105 13,785 117,974 SH   SOLE   69,225 0 48,749
Air Products & Chemical com 009158106 12,186 93,662 SH   SOLE   55,386 0 38,276
American International Group com new 026874784 10,183 164,325 SH   SOLE   95,739 0 68,586
Ameriprise Financial com 03076c106 215 2,020 SH   SOLE   2,020 0 0
Amgen Inc. com 031162100 11,837 72,920 SH   SOLE   43,366 0 29,554
Anthem, Inc. com 036752103 13,746 98,582 SH   SOLE   57,867 0 40,715
Apple Computer com 037833100 9,603 91,230 SH   SOLE   52,855 0 38,375
CVS Health Corp. com 126650100 17,006 173,939 SH   SOLE   103,557 0 70,382
Calpine Corp. com new 131347304 5,967 412,354 SH   SOLE   250,965 0 161,389
Capital One Financial Corp. com 14040H105 14,070 194,935 SH   SOLE   116,296 0 78,639
Chevron Corp. com 166764100 5,744 63,846 SH   SOLE   38,566 0 25,280
Citigroup Inc. com new 172967424 11,306 218,465 SH   SOLE   130,491 0 87,974
Comcast Corp. Cl A cl a 20030n101 16,659 295,213 SH   SOLE   172,684 0 122,529
Delta Air Lines com new 247361702 18,739 369,680 SH   SOLE   215,204 0 154,476
Dow Chemical Corp. com 260543103 6,523 126,703 SH   SOLE   76,706 0 49,997
EMC Corp. com 268648102 11,970 466,113 SH   SOLE   286,438 0 179,675
Energy Transfer Equity, L.P. com ut ltd ptn 29273V100 6,197 451,000 SH   SOLE   263,930 0 187,070
Ford Motor Co. com par $0.01 345370860 8,952 635,311 SH   SOLE   373,823 0 261,488
General Electric com 369604103 12,561 403,238 SH   SOLE   235,953 0 167,285
Goldman Sachs Group Inc. com 38141G104 10,810 59,980 SH   SOLE   35,431 0 24,549
HP Inc. com 40434L105 2,530 213,681 SH   SOLE   121,205 0 92,476
Halliburton Co. com 406216101 10,116 297,169 SH   SOLE   176,302 0 120,867
Hewlett Packard Enterprise com 42824C109 5,994 394,316 SH   SOLE   233,383 0 160,933
Honeywell International Inc. com 438516106 15,850 153,033 SH   SOLE   83,642 0 69,391
Intercontinental Exchange Inc. com 45866f104 15,538 60,634 SH   SOLE   35,867 0 24,767
JPMorgan Chase & Co. com 46625H100 14,956 226,505 SH   SOLE   129,863 0 96,642
MetLife Inc. com 59156R108 9,444 195,884 SH   SOLE   113,546 0 82,338
Microsoft Corp. com 594918104 15,875 286,142 SH   SOLE   173,074 0 113,068
Realogy Holdings Corp com 75605y106 10,391 283,369 SH   SOLE   166,926 0 116,443
Sensata Technologies Holding shs n7902x106 8,185 177,711 SH   SOLE   106,381 0 71,330
Synchrony Financial com 87165b103 13,026 428,359 SH   SOLE   247,013 0 181,346
Thermo Fisher Scientific Inc. com 883556102 12,833 90,469 SH   SOLE   55,722 0 34,747
Tyco International Ltd. shs g91442106 7,588 237,931 SH   SOLE   143,516 0 94,415
United Technologies Corp. com 913017109 6,075 63,237 SH   SOLE   35,009 0 28,228
UnitedHealth Group Inc. com 91324P102 12,475 106,041 SH   SOLE   64,141 0 41,900
Verizon Communications com 92343v104 1,855 40,138 SH   SOLE   0 0 40,138
Wells Fargo & Co. com 949746101 14,888 273,880 SH   SOLE   163,933 0 109,947
Wyndham Worldwide Corp. com 98310W108 10,459 143,959 SH   SOLE   86,605 0 57,354
Berkshire Hathaway Inc. cl a 084670108 3,956 20 SH   SOLE   20 0 0
Nuveen Municipal Opportunity com 670984103 272 19,000 SH   SOLE   19,000 0 0
Nuveen Select Tax-Free Income shs ben int 67062F100 286 20,000 SH   SOLE   20,000 0 0