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 116 1,645 SH   DFND   0 1,645 0
AMERICAN EXPRESS COMPANY Common 009988572 18,104 194,582 SH   SOLE NONE 194,582 0 0
AMERICAN EXPRESS COMPANY Common 009988572 11,282 121,260 SH   DFND   0 121,260 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 13,804 262,141 SH   SOLE NONE 262,141 0 0
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION Common 011551521 8,724 165,675 SH   DFND   0 165,675 0
CORNING INC Common 009976027 14,802 645,520 SH   SOLE NONE 645,520 0 0
CORNING INC Common 009976027 9,962 434,436 SH   DFND   0 434,436 0
CYTEC INDUSTRIES INC. Common 010514169 11,877 257,245 SH   SOLE NONE 257,245 0 0
CYTEC INDUSTRIES INC. Common 010514169 7,581 164,205 SH   DFND   0 164,205 0
DANAHER CORPORATION Common 009962131 20,111 234,643 SH   SOLE NONE 234,643 0 0
DANAHER CORPORATION Common 009962131 11,592 135,245 SH   DFND   0 135,245 0
DOVER CORPORATION Common 009974121 10,577 147,482 SH   SOLE NONE 147,482 0 0
DOVER CORPORATION Common 009974121 6,307 87,940 SH   DFND   0 87,940 0
DOW CHEMICAL COMPANY Common 009735739 13,696 300,290 SH   SOLE NONE 300,290 0 0
DOW CHEMICAL COMPANY Common 009735739 9,627 211,065 SH   DFND   0 211,065 0
EMC CORPORATION Common 009720308 61 2,045 SH   DFND   0 2,045 0
ERICSSON L M TEL ADR ADR 015720786 299 24,730 SH   SOLE NONE 24,730 0 0
ERICSSON L M TEL ADR ADR 015720786 472 39,000 SH   DFND   0 39,000 0
GILEAD SCIENCES INC Common 010008328 16,278 172,690 SH   SOLE NONE 172,690 0 0
GILEAD SCIENCES INC Common 010008328 10,417 110,510 SH   DFND   0 110,510 0
HONEYWELL INTERNATIONAL INC. Common 010534801 15,937 159,498 SH   SOLE NONE 159,498 0 0
HONEYWELL INTERNATIONAL INC. Common 010534801 10,026 100,345 SH   DFND   0 100,345 0
JOHNSON & JOHNSON Common 009722513 16,604 158,780 SH   SOLE NONE 158,780 0 0
JOHNSON & JOHNSON Common 009722513 11,332 108,370 SH   DFND   0 108,370 0
JPMORGAN CHASE & CO. Common 012271654 13,580 217,010 SH   SOLE NONE 217,010 0 0
JPMORGAN CHASE & CO. Common 012271654 8,464 135,250 SH   DFND   0 135,250 0
METLIFE INC Common 011030068 11,544 213,420 SH   SOLE NONE 213,420 0 0
METLIFE INC Common 011030068 7,259 134,210 SH   DFND   0 134,210 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 12,009 39,703 SH   SOLE NONE 39,703 0 0
METTLER-TOLEDO INTERNATIONAL INC. Common 010919576 7,562 25,000 SH   DFND   0 25,000 0
PRAXAIR INC. Common 009967419 15,417 118,992 SH   SOLE NONE 118,992 0 0
PRAXAIR INC. Common 009967419 10,283 79,372 SH   DFND   0 79,372 0
RESMED INC. Common 011540066 9,073 161,838 SH   SOLE NONE 161,838 0 0
RESMED INC. Common 011540066 5,984 106,750 SH   DFND   0 106,750 0
ROYAL CARIBBEAN CRUISES LTD Common 010775124 18,624 225,935 SH   SOLE NONE 225,935 0 0
ROYAL CARIBBEAN CRUISES LTD Common 010775124 11,870 143,995 SH   DFND   0 143,995 0
STANLEY BLACK & DECKER INC Common 049645619 17,816 185,425 SH   SOLE NONE 185,425 0 0
STANLEY BLACK & DECKER INC Common 049645619 11,542 120,130 SH   DFND   0 120,130 0
TE CONNECTIVITY LTD Common 043813854 14,817 234,255 SH   SOLE NONE 234,255 0 0
TE CONNECTIVITY LTD Common 043813854 9,385 148,385 SH   DFND   0 148,385 0
THE TJX COMPANIES INC. Common 009961968 18,683 272,430 SH   SOLE NONE 272,430 0 0
THE TJX COMPANIES INC. Common 009961968 11,740 171,185 SH   DFND   0 171,185 0
WABTEC CORP. Common 011540104 21,791 250,790 SH   SOLE NONE 250,790 0 0
WABTEC CORP. Common 011540104 13,683 157,480 SH   DFND   0 157,480 0