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 120 2,050 SH   DFND   0 2,050 0
AMERICAN EXPRESS COMPANY Common 009988572 19,329 203,742 SH   SOLE NONE 203,742 0 0
AMERICAN EXPRESS COMPANY Common 009988572 13,182 138,950 SH   DFND   0 138,950 0
ANIXTER INTERNATIONAL INC. Common 001144693 13,878 138,686 SH   SOLE NONE 138,686 0 0
ANIXTER INTERNATIONAL INC. Common 001144693 10,065 100,575 SH   DFND   0 100,575 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 13,439 274,761 SH   SOLE NONE 274,761 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 9,267 189,480 SH   DFND   0 189,480 0
CORNING INC Common 009976027 14,886 678,180 SH   SOLE NONE 678,180 0 0
CORNING INC Common 009976027 10,876 495,491 SH   DFND   0 495,491 0
DANAHER CORPORATION Common 009962131 19,372 246,053 SH   SOLE NONE 246,053 0 0
DANAHER CORPORATION Common 009962131 12,202 154,980 SH   DFND   0 154,980 0
DOVER CORPORATION Common 009974121 14,035 154,312 SH   SOLE NONE 154,312 0 0
DOVER CORPORATION Common 009974121 9,210 101,260 SH   DFND   0 101,260 0
DOW CHEMICAL COMPANY Common 009735739 16,217 315,145 SH   SOLE NONE 315,145 0 0
DOW CHEMICAL COMPANY Common 009735739 12,368 240,350 SH   DFND   0 240,350 0
EMC CORPORATION Common 009720308 82 3,105 SH   DFND   0 3,105 0
ERICSSON L M TEL ADR ADR 015720786 319 26,375 SH   SOLE NONE 26,375 0 0
ERICSSON L M TEL ADR ADR 015720786 557 46,100 SH   DFND   0 46,100 0
H.B. FULLER COMPANY Common 011491367 10,361 215,398 SH   SOLE NONE 215,398 0 0
H.B. FULLER COMPANY Common 011491367 7,169 149,042 SH   DFND   0 149,042 0
HONEYWELL INTERNATIONAL INC. Common 010534801 15,511 166,873 SH   SOLE NONE 166,873 0 0
HONEYWELL INTERNATIONAL INC. Common 010534801 10,679 114,895 SH   DFND   0 114,895 0
JOHNSON & JOHNSON Common 009722513 17,440 166,700 SH   SOLE NONE 166,700 0 0
JOHNSON & JOHNSON Common 009722513 13,154 125,735 SH   DFND   0 125,735 0
JPMORGAN CHASE & CO. Common 012271654 13,115 227,620 SH   SOLE NONE 227,620 0 0
JPMORGAN CHASE & CO. Common 012271654 8,903 154,520 SH   DFND   0 154,520 0
METLIFE INC Common 011030068 12,427 223,675 SH   SOLE NONE 223,675 0 0
METLIFE INC Common 011030068 8,525 153,445 SH   DFND   0 153,445 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 10,527 41,578 SH   SOLE NONE 41,578 0 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 7,236 28,580 SH   DFND   0 28,580 0
OFFICE DEPOT INC Common 009739653 12,198 2,143,690 SH   SOLE NONE 2,143,690 0 0
OFFICE DEPOT INC Common 009739653 8,440 1,483,355 SH   DFND   0 1,483,355 0
PRAXAIR INC. Common 009967419 16,573 124,757 SH   SOLE NONE 124,757 0 0
PRAXAIR INC. Common 009967419 12,043 90,657 SH   DFND   0 90,657 0
RESMED INC. Common 011540066 8,576 169,388 SH   SOLE NONE 169,388 0 0
RESMED INC. Common 011540066 6,187 122,195 SH   DFND   0 122,195 0
STANLEY BLACK & DECKER INC Common 049645619 17,087 194,565 SH   SOLE NONE 194,565 0 0
STANLEY BLACK & DECKER INC Common 049645619 12,045 137,150 SH   DFND   0 137,150 0
THE TJX COMPANIES INC. Common 009961968 15,168 285,375 SH   SOLE NONE 285,375 0 0
THE TJX COMPANIES INC. Common 009961968 10,411 195,880 SH   DFND   0 195,880 0
TOTAL SA ADR ADR 010107385 50 688 SH   SOLE NONE 688 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 13,744 165,306 SH   SOLE NONE 165,306 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 9,404 113,105 SH   DFND   0 113,105 0
WABTEC CORP. Common 011540104 21,701 262,755 SH   SOLE NONE 262,755 0 0
WABTEC CORP. Common 011540104 14,881 180,175 SH   DFND   0 180,175 0
YUM! BRANDS INC Common 014856862 15,223 187,474 SH   SOLE NONE 187,474 0 0
YUM! BRANDS INC Common 014856862 6,476 79,750 SH   DFND   0 79,750 0