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
AT&T INC COM 00206R102 279 7,956 SH   DFND   6,348 0 1,608
AGRIUM INC COM 008916108 847 8,685 SH   DFND   2,150 0 6,535
AIR PRODUCTS& CHEMICALS INC COM 009158106 277 2,323 SH   DFND   1,380 0 943
AMERICAN CAPITAL LIMITED COM 02503Y103 1,686 106,725 SH   DFND   36,915 0 69,810
AMERICAN EXPRESS CO COM 025816109 1,769 19,653 SH   DFND   8,776 0 10,877
AMGEN INC COM 031162100 1,807 14,653 SH   DFND   6,315 0 8,338
APPLE INC COM 037833100 5,409 10,077 SH   DFND   4,022 0 6,055
BAKER HUGHES INC. COM 057224107 1,983 30,501 SH   DFND   13,420 0 17,081
BAXTER INTERNATIONAL INC COM 071813109 1,785 24,255 SH   DFND   10,820 0 13,435
BOEING COMPANY COM 097023105 870 6,929 SH   DFND   2,975 0 3,954
CBS CORP. COM 124857202 1,657 26,819 SH   DFND   11,910 0 14,909
CATERPILLAR INC DEL COM 149123101 1,851 18,632 SH   DFND   7,850 0 10,782
CELGENE CORP. COM 151020104 1,527 10,935 SH   DFND   4,940 0 5,995
CHICAGO BRIDGE& IRON COM 167250109 688 7,900 SH   DFND   0 0 7,900
CHIMERA INVESTMENT CORP COM 16934Q109 31 10,000 SH   DFND   0 0 10,000
CISCO SYS INC COM 17275R102 1,416 63,154 SH   DFND   28,350 0 34,804
COCA-COLA COMPANY COM 191216100 1,324 34,260 SH   DFND   15,100 0 19,160
COLGATE PALMOLIVE CO COM 194162103 255 3,936 SH   DFND   2,090 0 1,846
COMPUTERIZED THERMAL IMAGING COM 20557C108 0 15,000 SH   DFND   0 0 15,000
COSTCO WHSL CORP COM 22160K105 1,383 12,387 SH   DFND   5,250 0 7,137
CUMMINS INC COM 231021106 460 3,090 SH   DFND   1,935 0 1,155
DEVON ENERGY COM 25179M103 1,974 29,500 SH   DFND   13,100 0 16,400
DIAGEO PLC COM 25243Q205 1,515 12,161 SH   DFND   5,532 0 6,629
DISNEY WALT CO COM 254687106 1,890 23,604 SH   DFND   10,510 0 13,094
DOMINION RESOURCES INC (NEW) COM 25746U109 840 11,835 SH   DFND   6,370 0 5,465
DU PONT E I DE NEMOURS& CO COM 263534109 447 6,655 SH   DFND   4,965 0 1,690
EBAY INC COM 278642103 1,610 29,150 SH   DFND   13,990 0 15,160
EMBRAER SA COM 29082A107 2,163 60,942 SH   DFND   29,395 0 31,547
ENERGY TRANSFER PARTNERS COM 29273R109 232 4,310 SH   DFND   2,065 0 2,245
FMC CORP COM 302491303 524 6,850 SH   DFND   0 0 6,850
FIRST TRUST NYSE ARCA BIOTECHNOLOGY IND 33733E203 565 7,368 SH   DFND   0 0 7,368
FIRST TRUST DOW JONES INTERNET INDEX FUND 33733E302 684 11,584 SH   DFND   900 0 10,684
FLUOR CORP. COM 343412102 1,584 20,382 SH   DFND   9,310 0 11,072
FRANKLIN RESOURCES INC COM 354613101 1,391 25,666 SH   DFND   11,070 0 14,596
FREEPORT MCMORAN COPPER&GOLD COM 35671D857 1,462 44,205 SH   DFND   20,650 0 23,555
GENERAL ELEC CO COM 369604103 1,733 66,936 SH   DFND   31,890 0 35,046
GILEAD SCIENCES INC COM 375558103 1,927 27,191 SH   DFND   11,860 0 15,331
GOLDMAN SACHS GROUP INC COM 38141G104 1,647 10,054 SH   DFND   4,210 0 5,844
GOOGLE INC CLASS A COM 38259P508 1,881 1,688 SH   DFND   741 0 947
HALLIBURTON CO COM 406216101 370 6,284 SH   DFND   0 0 6,284
HARLEY DAVIDSON INC COM 412822108 1,782 26,752 SH   DFND   11,440 0 15,312
HERTZ GLOBAL HOLDINGS INC COM 42805T105 266 10,000 SH   DFND   0 0 10,000
HONEYWELL COM 438516106 2,308 24,877 SH   DFND   8,602 0 16,275
ILLUMINA INC. COM 452327109 305 2,050 SH   DFND   965 0 1,085
INTERNATIONAL BUSINESS MACHS COM 459200101 584 3,034 SH   DFND   2,053 0 981
INTERNATIONAL PAPER CO COM 460146103 1,496 32,615 SH   DFND   14,090 0 18,525
ISHARES MSCI AUSTRALIA FD 464286103 431 16,664 SH   DFND   1,000 0 15,664
ISHARES FTSE XINHUA CHINA 25 FD 464287184 218 6,092 SH   DFND   1,425 0 4,667
ISHARES DOW JONES US FINANCIAL SERVICE 464287770 864 10,175 SH   DFND   950 0 9,225
JPMORGAN CHASE& CO COM 46625H100 2,815 46,373 SH   DFND   19,125 0 27,248
JOHNSON& JOHNSON COM 478160104 930 9,466 SH   DFND   5,785 0 3,681
LOWES CO INC COM 548661107 1,876 38,354 SH   DFND   17,120 0 21,234
MACY'S INC COM 55616P104 438 7,380 SH   DFND   4,375 0 3,005
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 181 13,000 SH   DFND   500 0 12,500
MANULIFE FINANCIAL CORP. COM 56501R106 1,712 88,645 SH   DFND   36,900 0 51,745
MASTERCARD COM 57636Q104 1,652 22,110 SH   DFND   9,460 0 12,650
MCDONALDS CORP COM 580135101 1,684 17,176 SH   DFND   8,435 0 8,741
MEDTRONIC INC COM 585055106 1,835 29,821 SH   DFND   12,850 0 16,971
MERCK& CO. INC. COM 58933Y105 1,682 29,633 SH   DFND   12,568 0 17,065
MICROSOFT CORP COM 594918104 1,847 45,055 SH   DFND   19,870 0 25,185
NCR CORPORATION COM 62886E108 2,103 57,533 SH   DFND   25,550 0 31,983
NEW RESIDENTIAL INVESTMENT CORP. 64828T102 65 10,000 SH   DFND   0 0 10,000
NIKE INC CL B COM 654106103 2,031 27,499 SH   DFND   12,200 0 15,299
NORFOLK& SOUTHERN COM 655844108 1,723 17,735 SH   DFND   7,800 0 9,935
NUANCE COMMUNICATIONS COM 67020Y100 172 10,000 SH   DFND   0 0 10,000
NUCOR CORP. COM 670346105 1,426 28,223 SH   DFND   12,160 0 16,063
OCCIDENTAL PETROLEUM COM 674599105 422 4,430 SH   DFND   2,330 0 2,100
PNC FINANCIAL SERVICES GROUP COM 693475105 290 3,339 SH   DFND   0 0 3,339
PHILIP MORRIS INTL INC COM 718172109 1,703 20,801 SH   DFND   11,452 0 9,349
POWERSHARES DWA TECHINICAL COM 73935X153 268 7,190 SH   DFND   0 0 7,190
PROCTER& GAMBLE CO COM 742718109 1,611 19,983 SH   DFND   9,712 0 10,271
PROVECTUS BIOPHARMACEUTICALS COM 74373P108 62 25,000 SH   DFND   0 0 25,000
PUBLIC STORAGE COM 74460D109 1,469 8,716 SH   DFND   4,185 0 4,531
QUALCOMM INC COM 747525103 2,683 34,023 SH   DFND   12,270 0 21,753
RYDEX ETF TRUST: GUGGENHEIM S&P 500 EQUAL WEI 78355W106 1,109 15,196 SH   DFND   1,500 0 13,696
KBW REGIONAL BANKING ETF COM 78464A698 228 5,500 SH   DFND   500 0 5,000
SPDR S&P OIL&GAS EQUIPMENT& SERVI 78464A748 255 5,557 SH   DFND   750 0 4,807
SANDRIDGE ENERGY COM 80007P307 402 65,410 SH   DFND   11,550 0 53,860
SAP AG COM 803054204 1,494 18,369 SH   DFND   8,370 0 9,999
SCHLUMBERGER LIMITED COM 806857108 2,189 22,455 SH   DFND   10,030 0 12,425
SIEMENS AG COM 826197501 1,618 11,975 SH   DFND   5,175 0 6,800
SIMON PPTY GROUP INC COM 828806109 1,463 8,918 SH   DFND   4,160 0 4,758
STATE STREET CORP COM 857477103 1,627 23,394 SH   DFND   10,400 0 12,994
SYNCHRONOSS TECHNOLOGIES INC COM 87157B103 259 7,550 SH   DFND   0 0 7,550
TIFFANY& CO COM 886547108 1,419 16,468 SH   DFND   7,280 0 9,188
TIMKEN CO COM 887389104 265 4,500 SH   DFND   2,675 0 1,825
US BANCORP COM 902973304 1,545 36,040 SH   DFND   16,740 0 19,300
VALERO ENERGY COM 91913Y100 2,352 44,301 SH   DFND   20,455 0 23,846
VANGUARD INFORMATION TECHNOLOGY INDEX 92204A702 551 6,015 SH   DFND   0 0 6,015
VANGUARD SMALL-CAP INDEX FUND ETF SHARES 922908751 1,124 9,954 SH   DFND   700 0 9,254
VERIZON COMMUNICATIONS COM 92343V104 1,667 35,034 SH   DFND   17,617 0 17,417
VICAL INC. COM 925602104 15 11,500 SH   DFND   0 0 11,500
WEYERHAEUSER COM 962166104 1,417 48,281 SH   DFND   21,000 0 27,281
YAHOO INC COM 984332106 1,429 39,815 SH   DFND   16,790 0 23,025
ACTAVIS PLC COM G0083B108 1,898 9,220 SH   DFND   4,110 0 5,110
EATON CORP PLC COM G29183103 1,729 23,022 SH   DFND   9,980 0 13,042