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 117 1,900 SH   DFND   0 1,900 0
AMERICAN EXPRESS COMPANY Common 009988572 17,315 197,792 SH   SOLE NONE 197,792 0 0
AMERICAN EXPRESS COMPANY Common 009988572 11,059 126,335 SH   DFND   0 126,335 0
ANIXTER INTERNATIONAL INC. Common 001144693 11,423 134,636 SH   SOLE NONE 134,636 0 0
ANIXTER INTERNATIONAL INC. Common 001144693 7,770 91,580 SH   DFND   0 91,580 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 11,942 266,741 SH   SOLE NONE 266,741 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 7,716 172,355 SH   DFND   0 172,355 0
CORNING INC Common 009976027 12,733 658,355 SH   SOLE NONE 658,355 0 0
CORNING INC Common 009976027 8,710 450,351 SH   DFND   0 450,351 0
DANAHER CORPORATION Common 009962131 18,149 238,868 SH   SOLE NONE 238,868 0 0
DANAHER CORPORATION Common 009962131 10,714 141,005 SH   DFND   0 141,005 0
DOVER CORPORATION Common 009974121 12,034 149,802 SH   SOLE NONE 149,802 0 0
DOVER CORPORATION Common 009974121 7,408 92,225 SH   DFND   0 92,225 0
DOW CHEMICAL COMPANY Common 009735739 16,043 305,940 SH   SOLE NONE 305,940 0 0
DOW CHEMICAL COMPANY Common 009735739 11,460 218,535 SH   DFND   0 218,535 0
EMC CORPORATION Common 009720308 91 3,105 SH   DFND   0 3,105 0
ERICSSON L M TEL ADR ADR 015720786 311 24,730 SH   SOLE NONE 24,730 0 0
ERICSSON L M TEL ADR ADR 015720786 491 39,000 SH   DFND   0 39,000 0
H.B. FULLER COMPANY Common 011491367 8,302 209,108 SH   SOLE NONE 209,108 0 0
H.B. FULLER COMPANY Common 011491367 5,381 135,542 SH   DFND   0 135,542 0
HONEYWELL INTERNATIONAL INC. Common 010534801 15,085 161,998 SH   SOLE NONE 161,998 0 0
HONEYWELL INTERNATIONAL INC. Common 010534801 9,743 104,625 SH   DFND   0 104,625 0
JOHNSON & JOHNSON Common 009722513 17,250 161,835 SH   SOLE NONE 161,835 0 0
JOHNSON & JOHNSON Common 009722513 12,183 114,300 SH   DFND   0 114,300 0
JPMORGAN CHASE & CO. Common 012271654 13,312 220,975 SH   SOLE NONE 220,975 0 0
JPMORGAN CHASE & CO. Common 012271654 8,470 140,600 SH   DFND   0 140,600 0
METLIFE INC Common 011030068 11,665 217,145 SH   SOLE NONE 217,145 0 0
METLIFE INC Common 011030068 7,499 139,600 SH   DFND   0 139,600 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 10,338 40,363 SH   SOLE NONE 40,363 0 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 6,661 26,005 SH   DFND   0 26,005 0
OFFICE DEPOT INC Common 009739653 10,697 2,081,100 SH   SOLE NONE 2,081,100 0 0
OFFICE DEPOT INC Common 009739653 6,934 1,348,995 SH   DFND   0 1,348,995 0
PRAXAIR INC. Common 009967419 15,624 121,117 SH   SOLE NONE 121,117 0 0
PRAXAIR INC. Common 009967419 10,625 82,362 SH   DFND   0 82,362 0
RESMED INC. Common 011540066 8,102 164,438 SH   SOLE NONE 164,438 0 0
RESMED INC. Common 011540066 5,472 111,070 SH   DFND   0 111,070 0
STANLEY BLACK & DECKER INC Common 049645619 16,771 188,885 SH   SOLE NONE 188,885 0 0
STANLEY BLACK & DECKER INC Common 049645619 11,067 124,645 SH   DFND   0 124,645 0
THE TJX COMPANIES INC. Common 009961968 16,393 277,045 SH   SOLE NONE 277,045 0 0
THE TJX COMPANIES INC. Common 009961968 10,541 178,155 SH   DFND   0 178,155 0
TOTAL SA ADR ADR 010107385 44 688 SH   SOLE NONE 688 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 12,857 160,476 SH   SOLE NONE 160,476 0 0
VARIAN MEDICAL SYSTEMS INC Common 011489389 8,241 102,855 SH   DFND   0 102,855 0
WABTEC CORP. Common 011540104 20,672 255,085 SH   SOLE NONE 255,085 0 0
WABTEC CORP. Common 011540104 13,279 163,855 SH   DFND   0 163,855 0