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 124 2,190 SH   DFND   0 2,190 0
AMERICAN EXPRESS COMPANY Common 009988572 18,896 209,887 SH   SOLE NONE 209,887 0 0
AMERICAN EXPRESS COMPANY Common 009988572 12,172 135,200 SH   DFND   0 135,200 0
ANIXTER INTERNATIONAL INC. Common 001144693 14,504 142,871 SH   SOLE NONE 142,871 0 0
ANIXTER INTERNATIONAL INC. Common 001144693 9,922 97,735 SH   DFND   0 97,735 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 14,325 283,051 SH   SOLE NONE 283,051 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 9,321 184,175 SH   DFND   0 184,175 0
CORNING INC Common 009976027 14,545 698,615 SH   SOLE NONE 698,615 0 0
CORNING INC Common 009976027 10,034 481,941 SH   DFND   0 481,941 0
DANAHER CORPORATION Common 009962131 19,010 253,473 SH   SOLE NONE 253,473 0 0
DANAHER CORPORATION Common 009962131 11,294 150,585 SH   DFND   0 150,585 0
DOVER CORPORATION Common 009974121 12,996 158,967 SH   SOLE NONE 158,967 0 0
DOVER CORPORATION Common 009974121 8,043 98,385 SH   DFND   0 98,385 0
DOW CHEMICAL COMPANY Common 009735739 15,775 324,645 SH   SOLE NONE 324,645 0 0
DOW CHEMICAL COMPANY Common 009735739 11,352 233,630 SH   DFND   0 233,630 0
EMC CORPORATION Common 009720308 91 3,320 SH   DFND   0 3,320 0
ERICSSON L M TEL ADR ADR 015720786 362 27,175 SH   SOLE NONE 27,175 0 0
ERICSSON L M TEL ADR ADR 015720786 615 46,100 SH   DFND   0 46,100 0
H.B. FULLER COMPANY Common 011491367 10,713 221,893 SH   SOLE NONE 221,893 0 0
H.B. FULLER COMPANY Common 011491367 6,993 144,837 SH   DFND   0 144,837 0
HONEYWELL INTERNATIONAL INC. Common 010534801 15,946 171,903 SH   SOLE NONE 171,903 0 0
HONEYWELL INTERNATIONAL INC. Common 010534801 10,354 111,625 SH   DFND   0 111,625 0
JOHNSON & JOHNSON Common 009722513 16,869 171,730 SH   SOLE NONE 171,730 0 0
JOHNSON & JOHNSON Common 009722513 12,000 122,160 SH   DFND   0 122,160 0
JPMORGAN CHASE & CO. Common 012271654 14,236 234,485 SH   SOLE NONE 234,485 0 0
JPMORGAN CHASE & CO. Common 012271654 9,118 150,185 SH   DFND   0 150,185 0
KNOWLES CORPORATION Common 49926D109 58 1,842 SH   DFND   0 1,842 0
METLIFE INC Common 011030068 12,166 230,420 SH   SOLE NONE 230,420 0 0
METLIFE INC Common 011030068 7,602 143,970 SH   DFND   0 143,970 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 10,095 42,833 SH   SOLE NONE 42,833 0 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 6,546 27,775 SH   DFND   0 27,775 0
OFFICE DEPOT INC Common 009739653 9,120 2,208,345 SH   SOLE NONE 2,208,345 0 0
OFFICE DEPOT INC Common 009739653 5,954 1,441,545 SH   DFND   0 1,441,545 0
PRAXAIR INC. Common 009967419 16,832 128,517 SH   SOLE NONE 128,517 0 0
PRAXAIR INC. Common 009967419 11,540 88,112 SH   DFND   0 88,112 0
RESMED INC. Common 011540066 7,798 174,498 SH   SOLE NONE 174,498 0 0
RESMED INC. Common 011540066 5,307 118,750 SH   DFND   0 118,750 0
STANLEY BLACK & DECKER INC Common 049645619 16,283 200,430 SH   SOLE NONE 200,430 0 0
STANLEY BLACK & DECKER INC Common 049645619 10,823 133,220 SH   DFND   0 133,220 0
THE TJX COMPANIES INC. Common 009961968 17,830 293,980 SH   SOLE NONE 293,980 0 0
THE TJX COMPANIES INC. Common 009961968 11,648 192,060 SH   DFND   0 192,060 0
TOTAL SA ADR ADR 010107385 45 688 SH   SOLE NONE 688 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 14,303 170,291 SH   SOLE NONE 170,291 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 9,231 109,900 SH   DFND   0 109,900 0
WABTEC CORP. Common 011540104 20,978 270,680 SH   SOLE NONE 270,680 0 0
WABTEC CORP. Common 011540104 13,725 177,095 SH   DFND   0 177,095 0
YUM! BRANDS INC Common 014856862 14,560 193,129 SH   SOLE NONE 193,129 0 0
YUM! BRANDS INC Common 014856862 5,845 77,525 SH   DFND   0 77,525 0