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 COM 00206R102 3,429 96,525 SH   SOLE   96,525 0 0
AbbVie Inc. COM 00287Y109 819 12,195 SH   SOLE   12,195 0 0
Adobe Systems COM 00724F101 1,447 17,863 SH   SOLE   17,863 0 0
Air Methods Corp. COM 009128307 238 5,766 SH   SOLE   5,766 0 0
Alexion Pharma Inc. COM 015351109 1,153 6,379 SH   SOLE   6,379 0 0
Allegheny Technologies COM 01741R102 923 30,563 SH   SOLE   30,563 0 0
Allegiant Travel Co. COM 01748X102 262 1,471 SH   SOLE   1,471 0 0
Allergan Plc. COM G0177J108 1,692 5,575 SH   SOLE   5,575 0 0
Allete Inc COM 018522300 258 5,564 SH   SOLE   5,564 0 0
Altria Group Inc. COM 02209S103 1,136 23,225 SH   SOLE   23,225 0 0
Amazon.Com Inc COM 023135106 1,722 3,966 SH   SOLE   3,966 0 0
American Elect. Power COM 025537101 841 15,869 SH   SOLE   15,869 0 0
American Express Co. COM 025816109 1,188 15,282 SH   SOLE   15,282 0 0
American Int'l Grp, Inc. COM 026874784 1,410 22,808 SH   SOLE   22,808 0 0
American Vanguard Inc. COM 030371108 311 22,557 SH   SOLE   22,557 0 0
Ameriprise Fin Inc. COM 03076C106 947 7,582 SH   SOLE   7,582 0 0
Amgen Inc. COM 031162100 1,710 11,141 SH   SOLE   11,141 0 0
Anthem Inc. COM 036752103 1,367 8,328 SH   SOLE   8,328 0 0
Apple Computer COM 037833100 7,324 58,390 SH   SOLE   58,390 0 0
Aspen Tech inc. COM 045327103 217 4,771 SH   SOLE   4,771 0 0
BBCN Bancorp Inc. COM 073295107 257 17,345 SH   SOLE   17,345 0 0
BOFI Holdings COM 05566U108 280 2,653 SH   SOLE   2,653 0 0
Bank of America Corp. COM 060505104 2,685 157,750 SH   SOLE   157,750 0 0
Belden CDT COM 077454106 260 3,199 SH   SOLE   3,199 0 0
Biogen Idec Inc. COM 09062X103 931 2,304 SH   SOLE   2,304 0 0
Blackrock Inc. COM 09247X101 961 2,779 SH   SOLE   2,779 0 0
Boeing Co. COM 097023105 1,144 8,249 SH   SOLE   8,249 0 0
Boston Private Fin. COM 101119105 287 21,425 SH   SOLE   21,425 0 0
CBS Corp. CL-B COM 124857202 725 13,063 SH   SOLE   13,063 0 0
CNO Financial Grp. Inc. COM 12621E103 275 14,978 SH   SOLE   14,978 0 0
CVS Corp. COM 126650100 1,065 10,151 SH   SOLE   10,151 0 0
Cal-Maine Foods, Inc. COM 128030202 250 4,784 SH   SOLE   4,784 0 0
Calamp Corp. COM 128126109 244 13,386 SH   SOLE   13,386 0 0
Caleres Inc. COM 129500104 292 9,194 SH   SOLE   9,194 0 0
Capital One Financial COM 14040H105 834 9,482 SH   SOLE   9,482 0 0
Casey's Gen. Stores COM 147528103 235 2,452 SH   SOLE   2,452 0 0
Celgene Corp COM 151020104 1,048 9,056 SH   SOLE   9,056 0 0
Cempra Inc. COM 15130J109 247 7,186 SH   SOLE   7,186 0 0
Century Aluminum Company COM 156431108 116 11,161 SH   SOLE   11,161 0 0
ChevronTexaco Corp. COM 166764100 651 6,749 SH   SOLE   6,749 0 0
Cisco Systems, Inc. COM 17275R102 1,065 38,777 SH   SOLE   38,777 0 0
Citigroup - New COM 172967424 1,466 26,537 SH   SOLE   26,537 0 0
Clearwater Paper Corp. COM 18538R103 257 4,486 SH   SOLE   4,486 0 0
Clovis Oncology Inc. COM 189464100 251 2,860 SH   SOLE   2,860 0 0
Coca Cola Co. COM 191216100 1,746 44,508 SH   SOLE   44,508 0 0
Coherus Biosciences, Inc COM 19249H103 210 7,277 SH   SOLE   7,277 0 0
Columbia Banking System COM 197236102 340 10,439 SH   SOLE   10,439 0 0
Comcast Corp.-Cl A COM 20030N101 1,139 18,944 SH   SOLE   18,944 0 0
Commercial Metals COM 201723103 222 13,816 SH   SOLE   13,816 0 0
Con-Way Inc COM 205944101 245 6,397 SH   SOLE   6,397 0 0
ConocoPhillips COM 20825C104 682 11,098 SH   SOLE   11,098 0 0
Costco Wholesale Corp. COM 22160K105 897 6,644 SH   SOLE   6,644 0 0
Cubesmart COM 229663109 211 9,132 SH   SOLE   9,132 0 0
Cummins Inc. COM 231021106 748 5,702 SH   SOLE   5,702 0 0
Curtiss-Wright Corp. COM 231561101 210 2,905 SH   SOLE   2,905 0 0
Deere & Company COM 244199105 857 8,827 SH   SOLE   8,827 0 0
Devon Energy Corp. COM 25179M103 740 12,446 SH   SOLE   12,446 0 0
Diamondback Energy Inc. COM 25278X109 270 3,580 SH   SOLE   3,580 0 0
Discovery Comm Inc. COM 25470F104 332 9,975 SH   SOLE   9,975 0 0
Discovery Comm Inc.-C COM 25470F302 310 9,975 SH   SOLE   9,975 0 0
Disney Walt Co. COM 254687106 777 6,806 SH   SOLE   6,806 0 0
Dow Chemical Co. COM 260543103 1,034 20,210 SH   SOLE   20,210 0 0
Du Pont (E.I.) COM 263534109 1,166 18,228 SH   SOLE   18,228 0 0
Duke Energy Corp. COM 26441C204 719 10,184 SH   SOLE   10,184 0 0
EOG Resources COM 26875P101 995 11,365 SH   SOLE   11,365 0 0
EPR Properties COM 26884U109 218 3,978 SH   SOLE   3,978 0 0
Eastgroup Properties COM 277276101 223 3,965 SH   SOLE   3,965 0 0
El Pollo Loco Holdings, Inc. COM 268603107 223 10,782 SH   SOLE   10,782 0 0
Enersys COM 29275Y102 221 3,142 SH   SOLE   3,142 0 0
Esperion Therapeutics Inc. COM 29664W105 218 2,669 SH   SOLE   2,669 0 0
Exelon Corp. COM 30161N101 1,466 46,656 SH   SOLE   46,656 0 0
Exxon Mobil Corp. COM 30231G102 2,948 35,436 SH   SOLE   35,436 0 0
F5 Networks Inc. COM 315616102 572 4,756 SH   SOLE   4,756 0 0
FEI Company COM 30241L109 282 3,397 SH   SOLE   3,397 0 0
FNB Corp. COM 302520101 236 16,489 SH   SOLE   16,489 0 0
Facebook Inc. COM 30303M102 1,157 13,495 SH   SOLE   13,495 0 0
Fedex Corp. COM 31428X106 1,177 6,908 SH   SOLE   6,908 0 0
Firstmerit Corp. COM 337915102 302 14,499 SH   SOLE   14,499 0 0
Flowserve Corp COM 34354P105 590 11,196 SH   SOLE   11,196 0 0
Freeport MC Co. - Cl B COM 35671D857 741 39,821 SH   SOLE   39,821 0 0
GT Advanced Tech. Inc. COM 36191U106 2 10,124 SH   SOLE   10,124 0 0
Gain Capital Holdings Inc. COM 36268W100 146 15,286 SH   SOLE   15,286 0 0
General Electric Co. COM 369604103 3,059 115,117 SH   SOLE   115,117 0 0
Gilead Sciences Inc. COM 375558103 2,026 17,303 SH   SOLE   17,303 0 0
Glacier Bancorp COM 37637Q105 272 9,248 SH   SOLE   9,248 0 0
Goldman Sachs Grp. COM 38141G104 1,435 6,875 SH   SOLE   6,875 0 0
Google Inc Cl-A COM 38259P508 1,879 3,479 SH   SOLE   3,479 0 0
Google Inc Cl-C COM 38259P706 1,834 3,523 SH   SOLE   3,523 0 0
Graphic Packaging Hld Co. COM 388689101 241 17,275 SH   SOLE   17,275 0 0
Green Mountain Coffee COM 49271M100 1,015 13,246 SH   SOLE   13,246 0 0
Group 1 Automotive COM 398905109 206 2,268 SH   SOLE   2,268 0 0
Halliburton Company COM 406216101 776 18,006 SH   SOLE   18,006 0 0
Hawaiian Holdings Inc. COM 419879101 366 15,404 SH   SOLE   15,404 0 0
Healthcare Realty Trust COM 421946104 288 12,403 SH   SOLE   12,403 0 0
Hewlett Packard Co. COM 428236103 869 28,959 SH   SOLE   28,959 0 0
Highwoods Properties Inc. COM 431284108 260 6,519 SH   SOLE   6,519 0 0
Home Bancshares Inc. COM 436893200 292 7,990 SH   SOLE   7,990 0 0
Home Depot Inc. COM 437076102 1,383 12,446 SH   SOLE   12,446 0 0
Honeywell Intl., Inc. COM 438516106 1,192 11,685 SH   SOLE   11,685 0 0
Horizon Pharma COM G4617B105 373 10,742 SH   SOLE   10,742 0 0
ICU Medical Inc. COM 44930G107 201 2,096 SH   SOLE   2,096 0 0
IRobot Corp COM 462726100 247 7,751 SH   SOLE   7,751 0 0
Iconix Brand Group Inc COM 451055107 266 10,640 SH   SOLE   10,640 0 0
Illinois Tool Works COM 452308109 1,103 12,013 SH   SOLE   12,013 0 0
Int'l Bus Machines COM 459200101 1,119 6,881 SH   SOLE   6,881 0 0
Intel Corporation COM 458140100 1,219 40,078 SH   SOLE   40,078 0 0
Inter Parfums COM 458334109 261 7,687 SH   SOLE   7,687 0 0
Interactive Intelligence Grp. COM 45841V109 205 4,606 SH   SOLE   4,606 0 0
Invensense Inc. COM 46123D205 165 10,898 SH   SOLE   10,898 0 0
JP Morgan Chase COM 46625H100 3,672 54,195 SH   SOLE   54,195 0 0
Johnson & Johnson COM 478160104 2,534 26,004 SH   SOLE   26,004 0 0
Jones Energy Inc. COM 48019R108 132 14,555 SH   SOLE   14,555 0 0
Kansas City Southern COM 485170302 518 5,676 SH   SOLE   5,676 0 0
Kimberly-Clark Corp. COM 494368103 526 4,967 SH   SOLE   4,967 0 0
Kinder Morgan Inc. COM 49456B101 650 16,935 SH   SOLE   16,935 0 0
Kite Pharma Inc COM 49803L109 286 4,697 SH   SOLE   4,697 0 0
Kroger Co. COM 501044101 819 11,292 SH   SOLE   11,292 0 0
Kulicke & Soffa Ind. COM 501242101 167 14,265 SH   SOLE   14,265 0 0
LA Quinta Holdings Inc. COM 50420D108 208 9,109 SH   SOLE   9,109 0 0
LAM Research Corp. COM 512807108 917 11,274 SH   SOLE   11,274 0 0
Lasalle Hotel Prop. COM 517942108 346 9,745 SH   SOLE   9,745 0 0
Lennar Corp Class A COM 526057104 912 17,870 SH   SOLE   17,870 0 0
Lexington Realty Trust COM 529043101 228 26,924 SH   SOLE   26,924 0 0
Ligand Pharmaceuticals Inc COM 53220K504 271 2,688 SH   SOLE   2,688 0 0
Lithia Motors Inc. COM 536797103 202 1,782 SH   SOLE   1,782 0 0
Littelfuse Inc COM 537008104 239 2,516 SH   SOLE   2,516 0 0
Lyondell Basell Ind. NV COM N53745100 1,066 10,294 SH   SOLE   10,294 0 0
MKS Instruments Inc. COM 55306N104 210 5,545 SH   SOLE   5,545 0 0
MasterCard Inc.-Class A COM 57636Q104 1,539 16,462 SH   SOLE   16,462 0 0
Maximus Inc COM 577933104 338 5,148 SH   SOLE   5,148 0 0
McKesson HBOC Inc. COM 58155Q103 1,487 6,613 SH   SOLE   6,613 0 0
Medical Properties Trust Inc COM 58463J304 196 14,983 SH   SOLE   14,983 0 0
Medicines Comp. COM 584688105 261 9,125 SH   SOLE   9,125 0 0
Medidata Solutions Inc. COM 58471A105 278 5,118 SH   SOLE   5,118 0 0
Merck & Co. Inc. COM 58933Y105 1,448 25,426 SH   SOLE   25,426 0 0
Meritage Homes Corp. COM 59001A102 231 4,903 SH   SOLE   4,903 0 0
Metlife Inc. COM 59156R108 1,437 25,674 SH   SOLE   25,674 0 0
Michael Kors Hldg Ltd COM G60754101 468 11,124 SH   SOLE   11,124 0 0
Micron Technologies, Inc. COM 595112103 848 44,994 SH   SOLE   44,994 0 0
Microsemi Corp. COM 595137100 342 9,787 SH   SOLE   9,787 0 0
Microsoft Corporation COM 594918104 2,913 65,978 SH   SOLE   65,978 0 0
Molina Healthcare COM 60855R100 420 5,970 SH   SOLE   5,970 0 0
Mondelez International Inc. COM 609207105 953 23,161 SH   SOLE   23,161 0 0
Monsanto Co. COM 61166W101 564 5,288 SH   SOLE   5,288 0 0
Morgan Stanley COM 617446448 873 22,511 SH   SOLE   22,511 0 0
Mylan NV COM N59465109 1,047 15,431 SH   SOLE   15,431 0 0
National Oilwell Varco COM 637071101 512 10,606 SH   SOLE   10,606 0 0
New Jersey Res. Corp. COM 646025106 306 11,124 SH   SOLE   11,124 0 0
Newmont Mining Corp. COM 651639106 424 18,138 SH   SOLE   18,138 0 0
Nextera Energy Inc. COM 65339F101 745 7,598 SH   SOLE   7,598 0 0
Nike, Inc. - Class B COM 654106103 1,716 15,884 SH   SOLE   15,884 0 0
Noble Energy Inc COM 655044105 459 10,744 SH   SOLE   10,744 0 0
Nokia Corp. COM 654902204 77 11,298 SH   SOLE   11,298 0 0
ONEOK Inc. COM 682680103 1,066 27,013 SH   SOLE   27,013 0 0
Occidental Pete COM 674599105 517 6,650 SH   SOLE   6,650 0 0
On Assignment Inc. COM 682159108 349 8,878 SH   SOLE   8,878 0 0
Oracle Systems Corp. COM 68389X105 885 21,958 SH   SOLE   21,958 0 0
PNC Bank Corp. COM 693475105 755 7,897 SH   SOLE   7,897 0 0
PRA Group. COM 69354N106 233 3,738 SH   SOLE   3,738 0 0
PTC Therapeutics Inc. COM 69366J200 265 5,501 SH   SOLE   5,501 0 0
Penn Virginia Corp. COM 707882106 292 66,768 SH   SOLE   66,768 0 0
Pepsico Inc. COM 713448108 915 9,801 SH   SOLE   9,801 0 0
Pfizer Inc. COM 717081103 2,592 77,312 SH   SOLE   77,312 0 0
Philip Morris Intl. COM 718172109 1,278 15,944 SH   SOLE   15,944 0 0
Phillips 66 COM 718546104 1,718 21,321 SH   SOLE   21,321 0 0
Pinnacle Financial Partners COM 72346Q104 219 4,034 SH   SOLE   4,034 0 0
Pioneer Natural Resources COM 723787107 844 6,089 SH   SOLE   6,089 0 0
Polyone Corp. COM 73179P106 219 5,586 SH   SOLE   5,586 0 0
Pool Corp. COM 73278L105 314 4,470 SH   SOLE   4,470 0 0
Precision Castparts COM 740189105 1,094 5,475 SH   SOLE   5,475 0 0
Priceline.Com Inc. COM 741503403 1,508 1,310 SH   SOLE   1,310 0 0
Proassurance Corp COM 74267C106 261 5,639 SH   SOLE   5,639 0 0
Procter & Gamble COM 742718109 2,309 29,509 SH   SOLE   29,509 0 0
Prologis Inc. COM 74340W103 900 24,265 SH   SOLE   24,265 0 0
Prosperity Bancshares COM 743606105 218 3,769 SH   SOLE   3,769 0 0
Proto Labs Inc. COM 743713109 308 4,567 SH   SOLE   4,567 0 0
Prudential Financial Inc. COM 744320102 875 9,993 SH   SOLE   9,993 0 0
Qualcomm Inc. COM 747525103 934 14,914 SH   SOLE   14,914 0 0
RLJ Lodging Trust COM 74965L101 476 15,970 SH   SOLE   15,970 0 0
Receptos Inc COM 756207106 207 1,090 SH   SOLE   1,090 0 0
Red Robin Gourment Burgers COM 75689M101 223 2,595 SH   SOLE   2,595 0 0
Restoration Hardware Holdings COM 761283100 241 2,468 SH   SOLE   2,468 0 0
Royal Caribbean Cruises COM V7780T103 447 5,676 SH   SOLE   5,676 0 0
Sandisk Corp COM 80004C101 601 10,324 SH   SOLE   10,324 0 0
Schlumberger LTD COM 806857108 1,384 16,063 SH   SOLE   16,063 0 0
Seagate Tech COM G7945M107 788 16,599 SH   SOLE   16,599 0 0
Selective Ins Gp COM 816300107 254 9,046 SH   SOLE   9,046 0 0
Silicon Laboratories Inc. COM 826919102 285 5,285 SH   SOLE   5,285 0 0
Simon Property Grp. COM 828806109 1,502 8,682 SH   SOLE   8,682 0 0
Southern Co. COM 842587107 660 15,754 SH   SOLE   15,754 0 0
Southwest Airlines COM 844741108 779 23,539 SH   SOLE   23,539 0 0
Southwest Gas Corp. COM 844895102 253 4,761 SH   SOLE   4,761 0 0
St. Jude Medical Inc. COM 790849103 934 12,788 SH   SOLE   12,788 0 0
Starwood Hotels COM 85590A401 816 10,062 SH   SOLE   10,062 0 0
Steris Corp COM 859152100 299 4,633 SH   SOLE   4,633 0 0
Stifel Financial Corp COM 860630102 208 3,600 SH   SOLE   3,600 0 0
Stillwater Mining Company COM 86074Q102 161 13,865 SH   SOLE   13,865 0 0
Stryker Corp COM 863667101 969 10,137 SH   SOLE   10,137 0 0
Sun Communities, Inc. COM 866674104 264 4,264 SH   SOLE   4,264 0 0
SunTrust Banks COM 867914103 421 9,792 SH   SOLE   9,792 0 0
Super Micro Computer COM 86800U104 301 10,159 SH   SOLE   10,159 0 0
Synchronoss Tech Inc. COM 87157B103 231 5,044 SH   SOLE   5,044 0 0
Team Health Holdings Inc. COM 87817A107 210 3,213 SH   SOLE   3,213 0 0
Teledyne Inc. COM 879360105 282 2,673 SH   SOLE   2,673 0 0
Tesaro Inc. COM 881569107 284 4,830 SH   SOLE   4,830 0 0
Texas Cap Bancshares COM 88224Q107 295 4,736 SH   SOLE   4,736 0 0
The Finish Line CL-A COM 317923100 312 11,208 SH   SOLE   11,208 0 0
Thermo Fisher Scientific COM 883556102 669 5,153 SH   SOLE   5,153 0 0
Time Warner Inc. COM 887317303 1,311 14,993 SH   SOLE   14,993 0 0
Tripadvisors Inc. COM 896945201 1,161 13,327 SH   SOLE   13,327 0 0
Trueblue Inc. COM 89785X101 295 9,867 SH   SOLE   9,867 0 0
Truecar Inc. COM 89785L107 256 21,368 SH   SOLE   21,368 0 0
Twenty-First Century Fox COM 90130A101 989 30,381 SH   SOLE   30,381 0 0
U.S. Bancorp COM 902973304 1,080 24,893 SH   SOLE   24,893 0 0
UMB Financial Corp. COM 902788108 254 4,462 SH   SOLE   4,462 0 0
Ubiquiti Networks Inc. COM 90347A100 205 6,434 SH   SOLE   6,434 0 0
Umpqua Holdings Corp COM 904214103 212 11,773 SH   SOLE   11,773 0 0
Union Pacific Corp. COM 907818108 1,666 17,464 SH   SOLE   17,464 0 0
United Natural Foods Inc. COM 911163103 216 3,386 SH   SOLE   3,386 0 0
United Rentals Inc. COM 911363109 1,111 12,678 SH   SOLE   12,678 0 0
V.F. Corp. COM 918204108 708 10,145 SH   SOLE   10,145 0 0
Vail Resorts Inc. COM 91879Q109 282 2,586 SH   SOLE   2,586 0 0
Verizon Comm. COM 92343V104 1,733 37,185 SH   SOLE   37,185 0 0
Vertex Pharmaceuticals Inc. COM 92532F100 1,274 10,320 SH   SOLE   10,320 0 0
Viacom Inc.-Cl B COM 92553P201 847 13,107 SH   SOLE   13,107 0 0
Visa Inc. COM 92826C839 1,818 27,079 SH   SOLE   27,079 0 0
Wal-Mart Stores COM 931142103 931 13,121 SH   SOLE   13,121 0 0
Walgreens Boots Alliance Inc. COM 931427108 1,458 17,261 SH   SOLE   17,261 0 0
Webster Financial Corp. COM 947890109 204 5,159 SH   SOLE   5,159 0 0
Wells Fargo & Co. COM 949746101 2,048 36,420 SH   SOLE   36,420 0 0
West Pharmaceutical Services COM 955306105 323 5,561 SH   SOLE   5,561 0 0
Whirlpool Corp. COM 963320106 833 4,815 SH   SOLE   4,815 0 0
Whole Foods Market Inc COM 966837106 1,091 27,657 SH   SOLE   27,657 0 0
Wintrust Financial COM 97650W108 345 6,467 SH   SOLE   6,467 0 0
Wynn Resorts LTD COM 983134107 371 3,755 SH   SOLE   3,755 0 0
Yahoo! Inc. COM 984332106 1,871 47,627 SH   SOLE   47,627 0 0
Zimmer Biomet Holdings COM 98956P102 883 8,086 SH   SOLE   8,086 0 0
Zumiez Inc. COM 989817101 229 8,582 SH   SOLE   8,582 0 0
IShares MSCI EAFE Index COM 464287465 6,091 95,929 SH   SOLE   95,929 0 0
IShares MSCI EAFE Index COM 464288885 481 6,885 SH   SOLE   6,885 0 0
IShares S&P 500 Index COM 464287200 12,804 61,790 SH   SOLE   61,790 0 0
IShares S&P MidCap 400 COM 464287507 5,791 38,615 SH   SOLE   38,615 0 0
IShares S&P SmCap 600 COM 464287804 5,246 44,504 SH   SOLE   44,504 0 0
PIMCO High Yield Corporate Bon FND 72201R783 469 4,700 SH   SOLE   4,700 0 0
Ridgeworth FDS SEIX Fltg Rate FND 76628T678 516 58,416 SH   SOLE   58,416 0 0
BB&T Corp. PFD 054937206 994 40,000 SH   SOLE   40,000 0 0
BB&T Corporation PFD 054937404 1,448 60,000 SH   SOLE   60,000 0 0
Barclays Bank 8.125 pfd PFD 06739H362 2,339 90,000 SH   SOLE   90,000 0 0
Cabco Trust JCP 7.625% PFD 126797208 193 10,100 SH   SOLE   10,100 0 0
Commonwealth Reit PFD 203233705 924 40,000 SH   SOLE   40,000 0 0
HSBC Holdings PFD 404280703 1,044 40,000 SH   SOLE   40,000 0 0
Kimco Realty Corp PFD 49446R778 241 10,000 SH   SOLE   10,000 0 0
Lehman Bros. Holdings(Escrow 5 PFD 52520W317 0 40,000 SH   SOLE   40,000 0 0
Lloyds Banking Group PLC PFD 539439802 500 20,000 SH   SOLE   20,000 0 0
Public Storage PFD 74460W602 975 40,000 SH   SOLE   40,000 0 0
SCE Trust I PFD 78406T201 482 20,000 SH   SOLE   20,000 0 0
Senior Housing Prop Trust. PFD 81721M208 231 10,000 SH   SOLE   10,000 0 0
GTRAX Global Total Return FND 26243L105 64 10,081 SH   SOLE   10,081 0 0