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
ALLSTATE CORPORATION Common 009724478 111 2,190 SH   DFND   0 2,190 0
AMERICAN EXPRESS COMPANY Common 009988572 19,626 259,877 SH   SOLE NONE 259,877 0 0
AMERICAN EXPRESS COMPANY Common 009988572 13,246 175,395 SH   DFND   0 175,395 0
ANIXTER INTERNATIONAL INC. Common 001144693 13,795 157,371 SH   SOLE NONE 157,371 0 0
ANIXTER INTERNATIONAL INC. Common 001144693 9,456 107,870 SH   DFND   0 107,870 0
COACH, INC Common 011894461 6,060 111,138 SH   SOLE NONE 111,138 0 0
COACH, INC Common 011894461 4,747 87,060 SH   DFND   0 87,060 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 12,779 155,618 SH   SOLE NONE 155,618 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 8,355 101,745 SH   DFND   0 101,745 0
CORNING INC Common 009976027 11,210 768,350 SH   SOLE NONE 768,350 0 0
CORNING INC Common 009976027 7,784 533,521 SH   DFND   0 533,521 0
DANAHER CORPORATION Common 009962131 19,297 278,373 SH   SOLE NONE 278,373 0 0
DANAHER CORPORATION Common 009962131 11,502 165,930 SH   DFND   0 165,930 0
DOVER CORPORATION Common 009974121 15,689 174,652 SH   SOLE NONE 174,652 0 0
DOVER CORPORATION Common 009974121 9,735 108,370 SH   DFND   0 108,370 0
EMC CORPORATION Common 009720308 85 3,320 SH   DFND   0 3,320 0
ERICSSON L M TEL ADR ADR 015720786 367 27,475 SH   SOLE NONE 27,475 0 0
ERICSSON L M TEL ADR ADR 015720786 738 55,300 SH   DFND   0 55,300 0
H.B. FULLER COMPANY Common 011491367 16,599 367,323 SH   SOLE NONE 367,323 0 0
H.B. FULLER COMPANY Common 011491367 10,946 242,230 SH   DFND   0 242,230 0
HONEYWELL INTERNATIONAL INC. Common 010534801 15,725 189,368 SH   SOLE NONE 189,368 0 0
HONEYWELL INTERNATIONAL INC. Common 010534801 10,236 123,270 SH   DFND   0 123,270 0
JOHNSON & JOHNSON Common 009722513 16,377 188,915 SH   SOLE NONE 188,915 0 0
JOHNSON & JOHNSON Common 009722513 11,676 134,685 SH   DFND   0 134,685 0
JPMORGAN CHASE & CO. Common 012271654 13,330 257,890 SH   SOLE NONE 257,890 0 0
JPMORGAN CHASE & CO. Common 012271654 8,569 165,785 SH   DFND   0 165,785 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 11,310 47,108 SH   SOLE NONE 47,108 0 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 7,355 30,635 SH   DFND   0 30,635 0
PRAXAIR INC. Common 009967419 17,012 141,517 SH   SOLE NONE 141,517 0 0
PRAXAIR INC. Common 009967419 11,788 98,062 SH   DFND   0 98,062 0
QUALCOMM INC Common 009830880 6,198 92,020 SH   SOLE NONE 92,020 0 0
QUALCOMM INC Common 009830880 3,959 58,780 SH   DFND   0 58,780 0
RESMED INC. Common 011540066 20,291 384,153 SH   SOLE NONE 384,153 0 0
RESMED INC. Common 011540066 13,858 262,365 SH   DFND   0 262,365 0
STANLEY BLACK & DECKER INC Common 049645619 19,947 220,240 SH   SOLE NONE 220,240 0 0
STANLEY BLACK & DECKER INC Common 049645619 13,326 147,135 SH   DFND   0 147,135 0
THE TJX COMPANIES INC. Common 009961968 21,491 381,110 SH   SOLE NONE 381,110 0 0
THE TJX COMPANIES INC. Common 009961968 14,045 249,075 SH   DFND   0 249,075 0
TOTAL SA ADR ADR 010107385 40 688 SH   SOLE NONE 688 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 13,990 187,211 SH   SOLE NONE 187,211 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 9,063 121,275 SH   DFND   0 121,275 0
WABTEC CORP. Common 011540104 23,826 378,965 SH   SOLE NONE 378,965 0 0
WABTEC CORP. Common 011540104 15,892 252,775 SH   DFND   0 252,775 0
YUM! BRANDS INC Common 014856862 15,180 212,629 SH   SOLE NONE 212,629 0 0
YUM! BRANDS INC Common 014856862 6,092 85,340 SH   DFND   0 85,340 0