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
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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
2X BDC Index COM 90267b765 4,440 274,900 SH   SOLE   274,900 0 0
Abbvie COM 00287y109 3,810 66,700 SH   SOLE   66,700 0 0
Advance Auto Parts COM 00751Y106 1,848 11,525 SH   SOLE   11,525 0 0
American Express COM 025816109 1,071 17,450 SH   SOLE   17,450 0 0
AmerisourceBergen COM 03073e105 2,646 30,575 SH   SOLE   30,575 0 0
Amgen Inc COM 031162100 3,317 22,125 SH   SOLE   22,125 0 0
Apple Inc. COM 037833100 5,618 51,549 SH   SOLE   51,549 0 0
Bed Bath & Beyond COM 075896100 2,458 49,510 SH   SOLE   49,510 0 0
CVS Caremark COM 126650100 5,158 49,728 SH   SOLE   49,728 0 0
ChevronTexaco Corp COM 166764100 1,198 12,560 SH   SOLE   12,560 0 0
Chicago Bridge & Iron COM 167250109 1,551 42,400 SH   SOLE   42,400 0 0
Chubb Ltd COM h1467j104 2,160 18,125 SH   SOLE   18,125 0 0
Cisco Systems Inc COM 17275r102 5,515 193,725 SH   SOLE   193,725 0 0
Devon Energy Corp COM 25179M103 630 22,950 SH   SOLE   22,950 0 0
Dick's Sporting Goods COM 253393102 1,391 29,750 SH   SOLE   29,750 0 0
EMC Corp COM 268648102 3,442 129,146 SH   SOLE   129,146 0 0
ENSCO Intl COM G3157S106 965 93,063 SH   SOLE   93,063 0 0
Eaton Corp COM g29183103 1,553 24,825 SH   SOLE   24,825 0 0
Express Scripts COM 30219g108 3,773 54,925 SH   SOLE   54,925 0 0
F5 Networks Inc COM 315616102 3,470 32,778 SH   SOLE   32,778 0 0
FedEx COM 31428x106 5,274 32,412 SH   SOLE   32,412 0 0
Fifth Street Finance COM 31678a103 1,035 206,230 SH   SOLE   206,230 0 0
First Robinson Fin COM 336188107 503 15,000 SH   SOLE   15,000 0 0
General Electric COM 369604103 1,894 59,568 SH   SOLE   59,568 0 0
General Motors COM 37045v100 987 31,397 SH   SOLE   31,397 0 0
Gilead Sciences COM 375558103 3,819 41,575 SH   SOLE   41,575 0 0
Harley-Davidson COM 412822108 2,700 52,600 SH   SOLE   52,600 0 0
Home Depot COM 437076102 1,548 11,600 SH   SOLE   11,600 0 0
Int'l Business Mach. COM 459200101 242 1,600 SH   SOLE   1,600 0 0
Intel Corp. COM 458140100 3,114 96,260 SH   SOLE   96,260 0 0
J.P. Morgan Chase COM 46625H100 3,969 67,022 SH   SOLE   67,022 0 0
Johnson & Johnson COM 478160104 2,716 25,098 SH   SOLE   25,098 0 0
Macy's Inc COM 55616P104 2,130 48,300 SH   SOLE   48,300 0 0
Medley Capital COM 58503f106 1,135 171,905 SH   SOLE   171,905 0 0
Metlife Inc COM 59156r108 1,534 34,900 SH   SOLE   34,900 0 0
Microsoft COM 594918104 2,066 37,400 SH   SOLE   37,400 0 0
Nike Inc., Cl-B COM 654106103 1,690 27,500 SH   SOLE   27,500 0 0
PayPal Holdings COM 70450Y103 1,810 46,900 SH   SOLE   46,900 0 0
PennantPark Invt COM 708062104 868 143,250 SH   SOLE   143,250 0 0
Pepsico Inc. COM 713448108 1,809 17,650 SH   SOLE   17,650 0 0
Prospect Capital Corp COM 74348t102 253 34,818 SH   SOLE   34,818 0 0
Qualcomm Inc COM 747525103 3,151 61,612 SH   SOLE   61,612 0 0
SPDR Trust Unit COM 78462F103 593 2,887 SH   SOLE   2,887 0 0
Schlumberger Ltd COM 806857108 1,785 24,200 SH   SOLE   24,200 0 0
Solar Capital COM 83413u100 987 57,095 SH   SOLE   57,095 0 0
Sysco Corp COM 871829107 533 11,400 SH   SOLE   11,400 0 0
TJX Companies Inc COM 872540109 267 3,404 SH   SOLE   3,404 0 0
Target Corp COM 87612e106 477 5,800 SH   SOLE   5,800 0 0
Union Pacific COM 907818108 3,468 43,600 SH   SOLE   43,600 0 0
United Continental Holdings COM 910047109 4,070 68,000 SH   SOLE   68,000 0 0
Verizon Comm. COM 92343v104 2,984 55,171 SH   SOLE   55,171 0 0
WESCO International COM 95082p105 1,334 24,400 SH   SOLE   24,400 0 0
Walt Disney Co. COM 254687106 3,864 38,906 SH   SOLE   38,906 0 0
Wells Fargo COM 949746101 1,604 33,175 SH   SOLE   33,175 0 0
Yahoo! COM 984332106 1,480 40,200 SH   SOLE   40,200 0 0
Zimmer Biomet COM 98956p102 3,944 36,990 SH   SOLE   36,990 0 0
Vanguard REIT ETF COM 922908553 209 2,500 SH   SOLE   2,500 0 0
BlackRock Core Bond Trust COM 09249E101 1,404 104,850 SH   SOLE   104,850 0 0
Blackstone Strategic COM 09257r101 1,423 104,375 SH   SOLE   104,375 0 0
DWS High Income COM 25158y102 1,204 90,350 SH   SOLE   90,350 0 0
Eaton Vance Ltd Dur COM 27828h105 2,095 158,918 SH   SOLE   158,918 0 0
J Hancock Pfd Inc COM 41013W108 1,648 74,175 SH   SOLE   74,175 0 0
Pimco Muni Income II COM 72200w106 1,492 112,620 SH   SOLE   112,620 0 0
Pimco Total Return COM 693390700 138 13,560 SH   SOLE   13,560 0 0
WFC Adv Income COM 94987b105 1,797 237,394 SH   SOLE   237,394 0 0
WFC Adv Multi Sect COM 94987d101 1,825 149,305 SH   SOLE   149,305 0 0
JP Morgan 6.125% PRD 48127r461 1,843 70,360 SH   SOLE   70,360 0 0
Ryl Bk Scotland 7.25% PRD 780097879 916 35,520 SH   SOLE   35,520 0 0
Wells Fargo 5.7% PRD 94988u714 1,154 44,550 SH   SOLE   44,550 0 0