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
ACE Ltd. COM H0023R105 1,747 16,870 SH   SOLE 0 70 0 16,800
Aetna US Healthcare COM 00817Y108 2,140 31,206 SH   SOLE 0 69 0 31,137
Alcoa Inc. COM 013817101 3,911 367,950 SH   SOLE 0 250 0 367,700
Amdocs Ltd. COM G02602103 2,461 59,680 SH   SOLE 0 240 0 59,440
Amphenol Corporation COM 032095101 4,923 55,200 SH   SOLE 0 200 0 55,000
Anadarko Petroleum COM 032511107 4,360 54,970 SH   SOLE 0 50 0 54,920
Apache Corporation COM 037411105 1,186 13,800 SH   SOLE 0 50 0 13,750
Apple Computer COM 037833100 5,358 9,550 SH   SOLE 0 0 0 9,550
Applied Materials COM 038222105 1,742 98,550 SH   SOLE 0 300 0 98,250
Arch Coal COM 039380100 86 19,390 SH   SOLE 0 90 0 19,300
Archer-Daniels-Midl COM 039483102 1,924 44,330 SH   SOLE 0 160 0 44,170
Blackstone Group COM 09253u108 9,076 288,120 SH   SOLE 0 620 0 287,500
Brocade Comm. Systems COM 111621306 3,530 398,250 SH   SOLE 0 950 0 397,300
Canadian Natl. Railway COM 136375102 3,113 54,600 SH   SOLE 0 340 0 54,260
Celgene COM 151020104 1,478 8,750 SH   SOLE 0 0 0 8,750
Chesapeake Energy Group COM 165167107 1,860 68,530 SH   SOLE 0 30 0 68,500
Cisco Systems COM 17275R102 686 30,600 SH   SOLE 0 0 0 30,600
Cognizant Tech Solutions COM 192446102 1,060 10,500 SH   SOLE 0 0 0 10,500
Computer Sciences Corp. COM 205363104 2,829 50,620 SH   SOLE 0 140 0 50,480
ConocoPhillilps COM 20825C104 1,329 18,817 SH   SOLE 0 52 0 18,765
Constellation Brands COM 21036P108 7,288 103,550 SH   SOLE 0 250 0 103,300
Costco Wholesale Corp. COM 22160K105 2,779 23,350 SH   SOLE 0 0 0 23,350
Devon Energy COM 25179m103 1,106 17,881 SH   SOLE 0 55 0 17,826
Duke Energy COM 26441C204 1,166 16,900 SH   SOLE 0 33 0 16,867
ETrade Financial Corp. COM 269246401 325 16,535 SH   SOLE 0 0 0 16,535
Ensco I'ntl. Class A COM 29358Q109 2,170 37,950 SH   SOLE 0 150 0 37,800
Express Scripts COM 30219G108 7,263 103,400 SH   SOLE 0 400 0 103,000
Flow Serve COM 34354P105 5,581 70,800 SH   SOLE 0 0 0 70,800
Ford Motor Corporation COM 345370860 579 37,500 SH   SOLE 0 0 0 37,500
Franklin Resources Inc. COM 354613101 3,159 54,720 SH   SOLE 0 120 0 54,600
Freeport-McMoRan Cop&g Cl B COM 35671D857 3,073 81,420 SH   SOLE 0 120 0 81,300
Game Stop Corp COM 36467W109 3,801 77,170 SH   SOLE 0 170 0 77,000
General Electric COM 369604103 5,469 195,100 SH   SOLE 0 400 0 194,700
General Motors Co. COM 37045V100 1,173 28,700 SH   SOLE 0 0 0 28,700
Goldman Sachs Group COM 38141G104 3,969 22,390 SH   SOLE 0 40 0 22,350
Hartford Financial Services Gr COM 416515104 1,418 39,150 SH   SOLE 0 0 0 39,150
Hewlett-Packard COM 428236103 3,129 111,830 SH   SOLE 0 260 0 111,570
Home Depot COM 437076102 3,707 45,020 SH   SOLE 0 200 0 44,820
International Business Machine COM 459200101 1,637 8,730 SH   SOLE 0 30 0 8,700
JPMorgan Chase & Co. COM 46625H100 4,786 81,840 SH   SOLE 0 200 0 81,640
Jabil Circuit Inc. COM 466313103 4,046 232,000 SH   SOLE 0 400 0 231,600
Johnson & Johnson COM 478160104 2,552 27,860 SH   SOLE 0 60 0 27,800
Joy Global COM 481165108 4,052 69,280 SH   SOLE 0 170 0 69,110
Kinder Morgan Inc. COM 49456B101 2,208 61,342 SH   SOLE 0 125 0 61,217
Kohls Corp. COM 500255104 2,256 39,750 SH   SOLE 0 100 0 39,650
Laboratory Corp. new COM 50540R409 3,737 40,900 SH   SOLE 0 100 0 40,800
Lowes COM 548661107 1,377 27,800 SH   SOLE 0 0 0 27,800
MGM Resorts International COM 552953101 4,090 173,900 SH   SOLE 0 400 0 173,500
Macy's Inc. COM 55616P104 449 8,400 SH   SOLE 0 0 0 8,400
McKesson Corp. COM 58155Q103 4,611 28,570 SH   SOLE 0 70 0 28,500
Metlife Inc. COM 59156R108 2,991 55,480 SH   SOLE 0 80 0 55,400
Microsoft Corporation COM 594918104 1,663 44,450 SH   SOLE 0 0 0 44,450
Molycorp, Inc. COM 608753109 1,830 325,600 SH   SOLE 0 200 0 325,400
Monster Worldwide COM 611742107 186 26,050 SH   SOLE 0 100 0 25,950
NVIDIA Corporation COM 67066G104 1,566 97,730 SH   SOLE 0 130 0 97,600
Nabors Industries COM G6359F103 495 29,160 SH   SOLE 0 120 0 29,040
National Oilwell Varco, Inc. COM 637071101 684 8,600 SH   SOLE 0 0 0 8,600
New York Community Bancorp COM 649445103 3,194 189,550 SH   SOLE 0 450 0 189,100
Newell Rubbermaid Inc. COM 651229106 3,361 103,700 SH   SOLE 0 0 0 103,700
Norfolk Southern COM 655844108 2,195 23,650 SH   SOLE 0 100 0 23,550
Oneok Inc. New COM 682680103 5,292 85,100 SH   SOLE 0 200 0 84,900
Phillips 66 COM 718546104 718 9,308 SH   SOLE 0 26 0 9,282
Praxair Inc. COM 74005P104 4,766 36,650 SH   SOLE 0 150 0 36,500
Prudential COM 744320102 4,818 52,250 SH   SOLE 0 80 0 52,170
Qualcomm Inc. COM 747525103 2,543 34,250 SH   SOLE 0 100 0 34,150
SanDisk Corp. COM 80004C101 8,210 116,390 SH   SOLE 0 290 0 116,100
TEVA Pharmaceuticals Ltd. COM 881624209 2,157 53,820 SH   SOLE 0 120 0 53,700
Texas Instruments COM 882508104 3,165 72,070 SH   SOLE 0 220 0 71,850
Toll Brothers COM 889478103 1,514 40,925 SH   SOLE 0 125 0 40,800
Travelers Companies Inc. COM 89417E109 3,495 38,600 SH   SOLE 0 100 0 38,500
United Technologies COM 913017109 4,311 37,880 SH   SOLE 0 100 0 37,780
Valero Energy COM 91913Y100 2,167 43,000 SH   SOLE 0 0 0 43,000
WPX Energy Inc. COM 98212B103 240 11,785 SH   SOLE 0 37 0 11,748
Walgreen Co. COM 931422109 2,519 43,850 SH   SOLE 0 0 0 43,850
Weatherford Int'l. COM H27013103 1,648 106,420 SH   SOLE 0 120 0 106,300
Wells Fargo COM 949746101 2,403 52,920 SH   SOLE 0 120 0 52,800
Western Digital COM 958102105 7,417 88,400 SH   SOLE 0 200 0 88,200
Williams Companies COM 969457100 1,665 43,160 SH   SOLE 0 110 0 43,050
Zimmer Holdings Inc. COM 98956P102 2,707 29,050 SH   SOLE 0 0 0 29,050