<SEC-DOCUMENT>0001494234-24-000006.txt : 20240805
<SEC-HEADER>0001494234-24-000006.hdr.sgml : 20240805
<ACCEPTANCE-DATETIME>20240805144931
ACCESSION NUMBER:		0001494234-24-000006
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240805
DATE AS OF CHANGE:		20240805
EFFECTIVENESS DATE:		20240805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hemenway Trust Co LLC
		CENTRAL INDEX KEY:			0001494234
		ORGANIZATION NAME:           	
		IRS NUMBER:				272269963
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14337
		FILM NUMBER:		241174352

	BUSINESS ADDRESS:	
		STREET 1:		HEMENWAY TRUST COMPANY LLC
		STREET 2:		23 KEEWAYDIN DRIVE, SUITE 400
		CITY:			SALEM
		STATE:			NH
		ZIP:			03079
		BUSINESS PHONE:		603-913-8022

	MAIL ADDRESS:	
		STREET 1:		HEMENWAY TRUST COMPANY LLC
		STREET 2:		23 KEEWAYDIN DRIVE, SUITE 400
		CITY:			SALEM
		STATE:			NH
		ZIP:			03079
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001494234</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>06-30-2024</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>06-30-2024</reportCalendarOrQuarter>
      <filingManager>
        <name>Hemenway Trust Co LLC</name>
        <address>
          <com:street1>HEMENWAY TRUST COMPANY LLC</com:street1>
          <com:street2>23 KEEWAYDIN DRIVE, SUITE 400</com:street2>
          <com:city>SALEM</com:city>
          <com:stateOrCountry>NH</com:stateOrCountry>
          <com:zipCode>03079</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-14337</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Alicia L Fazzone</name>
      <title>Advent Software Manager</title>
      <phone>6176198258</phone>
      <signature>Alicia L Fazzone</signature>
      <city>Boston</city>
      <stateOrCountry>MA</stateOrCountry>
      <signatureDate>08-05-2024</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>129</tableEntryTotal>
      <tableValueTotal>1168427006</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
    </summaryPage>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>HTCinftable.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="windows-1252"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<infoTable>
  <nameOfIssuer>ABBOTT LABS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>002824100</cusip>
  <value>35881869</value>
  <shrsOrPrnAmt>
    <sshPrnamt>345317</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>345317</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ABBVIE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>00287Y109</cusip>
  <value>5088616</value>
  <shrsOrPrnAmt>
    <sshPrnamt>29668</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>29668</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ADOBE SYS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>00724F101</cusip>
  <value>3701563</value>
  <shrsOrPrnAmt>
    <sshPrnamt>6663</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>6663</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ADVANCED MICRO DEVICES</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>007903107</cusip>
  <value>42575959</value>
  <shrsOrPrnAmt>
    <sshPrnamt>262474</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>262474</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ALPHABET INC CL A</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>02079K305</cusip>
  <value>57223815</value>
  <shrsOrPrnAmt>
    <sshPrnamt>314158</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>314158</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ALPHABET INC CL C</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>02079K107</cusip>
  <value>1494506</value>
  <shrsOrPrnAmt>
    <sshPrnamt>8148</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>8148</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ALTRIA GROUP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>02209S103</cusip>
  <value>242686</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5328</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5328</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMAZON.COM</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>023135106</cusip>
  <value>44798442</value>
  <shrsOrPrnAmt>
    <sshPrnamt>231816</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>231816</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMERICAN TOWER</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>03027X100</cusip>
  <value>1241403</value>
  <shrsOrPrnAmt>
    <sshPrnamt>6386</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>6386</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMGEN INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>031162100</cusip>
  <value>373378</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1195</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1195</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMPHENOL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>032095101</cusip>
  <value>2018405</value>
  <shrsOrPrnAmt>
    <sshPrnamt>29960</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>29960</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ANALOG DEVICES</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>032654105</cusip>
  <value>43456856</value>
  <shrsOrPrnAmt>
    <sshPrnamt>190383</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>190383</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>APPLE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>037833100</cusip>
  <value>58752185</value>
  <shrsOrPrnAmt>
    <sshPrnamt>278949</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>278949</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>APTARGROUP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>038336103</cusip>
  <value>32622967</value>
  <shrsOrPrnAmt>
    <sshPrnamt>231681</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>231681</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>APTIV PLC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>G6095L109</cusip>
  <value>4271184</value>
  <shrsOrPrnAmt>
    <sshPrnamt>60653</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>60653</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ASML HOLDING NV</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>N07059210</cusip>
  <value>1164298</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1128</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1128</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AUTOMATIC DATA PROCESSING</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>053015103</cusip>
  <value>37988993</value>
  <shrsOrPrnAmt>
    <sshPrnamt>159156</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>159156</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BALL CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>058498106</cusip>
  <value>11281548</value>
  <shrsOrPrnAmt>
    <sshPrnamt>187963</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>187963</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BANK OF NOVA SCOTIA</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>064149107</cusip>
  <value>252832</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5530</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5530</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BEAM THERAPEUTICS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>07373V105</cusip>
  <value>251990</value>
  <shrsOrPrnAmt>
    <sshPrnamt>10755</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>10755</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BECTON DICKINSON</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>075887109</cusip>
  <value>14626100</value>
  <shrsOrPrnAmt>
    <sshPrnamt>62582</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>62582</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BERKSHIRE HATHAWAY CL B</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>084670702</cusip>
  <value>1217146</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2992</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2992</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>BROADCOM INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>11135F101</cusip>
  <value>271335</value>
  <shrsOrPrnAmt>
    <sshPrnamt>169</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>169</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CANADIAN NATL RAILWAY</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>136375102</cusip>
  <value>32222590</value>
  <shrsOrPrnAmt>
    <sshPrnamt>272772</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>272772</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CANADIAN PACIFIC RAILWAY LTD</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>13646K108</cusip>
  <value>837692</value>
  <shrsOrPrnAmt>
    <sshPrnamt>10645</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>10645</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CARRIER GLOBAL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>14448C104</cusip>
  <value>12856661</value>
  <shrsOrPrnAmt>
    <sshPrnamt>203815</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>203815</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CHEVRON</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>166764100</cusip>
  <value>22894239</value>
  <shrsOrPrnAmt>
    <sshPrnamt>146364</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>146364</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CHUBB LIMITED</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>H1467J104</cusip>
  <value>510018</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1999</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1999</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CHURCH &amp; DWIGHT</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>171340102</cusip>
  <value>1833166</value>
  <shrsOrPrnAmt>
    <sshPrnamt>17681</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>17681</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CISCO SYS INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>17275R102</cusip>
  <value>317736</value>
  <shrsOrPrnAmt>
    <sshPrnamt>6688</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>6688</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>COCA COLA</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>191216100</cusip>
  <value>582079</value>
  <shrsOrPrnAmt>
    <sshPrnamt>9145</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>9145</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>COLGATE-PALMOLIVE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>194162103</cusip>
  <value>493448</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5085</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5085</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>COSTCO WHOLESALE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>22160K105</cusip>
  <value>1381234</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1625</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1625</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CROWDSTRIKE HOLDINGS INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>22788C105</cusip>
  <value>574785</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1500</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1500</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CVS HEALTH</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>126650100</cusip>
  <value>1517003</value>
  <shrsOrPrnAmt>
    <sshPrnamt>25686</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>25686</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>DANAHER CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>235851102</cusip>
  <value>38711990</value>
  <shrsOrPrnAmt>
    <sshPrnamt>154941</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>154941</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>DARDEN RESTAURANTS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>237194105</cusip>
  <value>329121</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2175</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2175</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>DEERE &amp; CO</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>244199105</cusip>
  <value>372883</value>
  <shrsOrPrnAmt>
    <sshPrnamt>998</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>998</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>DIGITAL REALTY</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>253868103</cusip>
  <value>212870</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1400</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1400</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>DONALDSON INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>257651109</cusip>
  <value>215968</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3018</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3018</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ECOLAB INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>278865100</cusip>
  <value>2108680</value>
  <shrsOrPrnAmt>
    <sshPrnamt>8860</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>8860</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>EDWARDS LIFESCIENCES</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>28176E108</cusip>
  <value>392388</value>
  <shrsOrPrnAmt>
    <sshPrnamt>4248</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>4248</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ENTERPRISE PRODUCTS PTNR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>293792107</cusip>
  <value>211554</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7300</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7300</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>EOG RESOURCES</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>26875P101</cusip>
  <value>945473</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7512</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7512</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>EXXON MOBIL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>30231G102</cusip>
  <value>1860722</value>
  <shrsOrPrnAmt>
    <sshPrnamt>16163</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>16163</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>FISERV</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>337738108</cusip>
  <value>41927143</value>
  <shrsOrPrnAmt>
    <sshPrnamt>281315</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>281315</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>FRAC FIRST HORIZON NATL CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>DCA517101</cusip>
  <value>2</value>
  <shrsOrPrnAmt>
    <sshPrnamt>187721</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>187721</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>GENERAL ELECTRIC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>369604301</cusip>
  <value>244484</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1538</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1538</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>GENERAL MILLS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>370334104</cusip>
  <value>511267</value>
  <shrsOrPrnAmt>
    <sshPrnamt>8082</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>8082</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>HOME DEPOT</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>437076102</cusip>
  <value>34626177</value>
  <shrsOrPrnAmt>
    <sshPrnamt>100587</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>100587</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>HONEYWELL INTL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>438516106</cusip>
  <value>4170510</value>
  <shrsOrPrnAmt>
    <sshPrnamt>19530</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>19530</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>IDEXX CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>45168D104</cusip>
  <value>853574</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1752</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1752</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ILLINOIS TOOL WORKS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>452308109</cusip>
  <value>536951</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2266</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2266</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>INTEL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>458140100</cusip>
  <value>371944</value>
  <shrsOrPrnAmt>
    <sshPrnamt>12010</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>12010</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>INTL BUSINESS MACH</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>459200101</cusip>
  <value>612548</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3542</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3542</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>INTUITIVE SURGICAL</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>46120E602</cusip>
  <value>284259</value>
  <shrsOrPrnAmt>
    <sshPrnamt>639</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>639</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ISHARES EDGE MSCI USA QUALITY </nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>46432F339</cusip>
  <value>321883</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1885</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1885</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ISHARES RUSSELL 1000</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>464287622</cusip>
  <value>895595</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3010</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3010</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ISHARES S&amp;P 500</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>464287200</cusip>
  <value>710160</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1298</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1298</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>478160104</cusip>
  <value>30984287</value>
  <shrsOrPrnAmt>
    <sshPrnamt>211989</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>211989</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>JPMORGAN CHASE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>46625H100</cusip>
  <value>2193105</value>
  <shrsOrPrnAmt>
    <sshPrnamt>10843</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>10843</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>LEDYARD FINANCIAL GROUP INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>523338101</cusip>
  <value>550970</value>
  <shrsOrPrnAmt>
    <sshPrnamt>39810</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>39810</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MASTERCARD</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>57636Q104</cusip>
  <value>43431154</value>
  <shrsOrPrnAmt>
    <sshPrnamt>98448</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>98448</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MCCORMICK &amp; CO</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>579780206</cusip>
  <value>5806510</value>
  <shrsOrPrnAmt>
    <sshPrnamt>81851</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>81851</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MEDTRONIC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>G5960L103</cusip>
  <value>14472383</value>
  <shrsOrPrnAmt>
    <sshPrnamt>183870</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>183870</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MERCK</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>58933Y105</cusip>
  <value>1136732</value>
  <shrsOrPrnAmt>
    <sshPrnamt>9182</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>9182</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>META PLATFORMS INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>30303M102</cusip>
  <value>347942</value>
  <shrsOrPrnAmt>
    <sshPrnamt>690</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>690</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>METTLER TOLEDO</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>592688105</cusip>
  <value>802217</value>
  <shrsOrPrnAmt>
    <sshPrnamt>574</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>574</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MICROSOFT</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>594918104</cusip>
  <value>59943381</value>
  <shrsOrPrnAmt>
    <sshPrnamt>134117</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>134117</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MODERNA INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>60770K107</cusip>
  <value>864262</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7278</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7278</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>MONDELEZ INTERNATIONAL INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>609207105</cusip>
  <value>493941</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7548</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7548</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NESTLE SA</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>712387901</cusip>
  <value>204114</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2000</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2000</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NESTLE SA ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>641069406</cusip>
  <value>25028023</value>
  <shrsOrPrnAmt>
    <sshPrnamt>244295</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>244295</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NETAPP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>64110D104</cusip>
  <value>3381000</value>
  <shrsOrPrnAmt>
    <sshPrnamt>26250</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>26250</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NEXTERA ENERGY</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>65339F101</cusip>
  <value>6347809</value>
  <shrsOrPrnAmt>
    <sshPrnamt>89646</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>89646</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NIKE INC CLASS B</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>654106103</cusip>
  <value>3581072</value>
  <shrsOrPrnAmt>
    <sshPrnamt>47513</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>47513</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NOVARTIS AG ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>66987V109</cusip>
  <value>2127069</value>
  <shrsOrPrnAmt>
    <sshPrnamt>19980</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>19980</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NOVO NORDISK A S ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>670100205</cusip>
  <value>1625523</value>
  <shrsOrPrnAmt>
    <sshPrnamt>11388</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>11388</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NOVOZYMES A S DKK 2.0</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>B798FW902</cusip>
  <value>336878</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5521</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5521</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NVIDIA CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>67066G104</cusip>
  <value>64241655</value>
  <shrsOrPrnAmt>
    <sshPrnamt>520007</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>520007</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ORACLE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>68389X105</cusip>
  <value>365846</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2591</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2591</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>PEPSICO</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>713448108</cusip>
  <value>2091147</value>
  <shrsOrPrnAmt>
    <sshPrnamt>12679</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>12679</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>PFIZER</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>717081103</cusip>
  <value>443483</value>
  <shrsOrPrnAmt>
    <sshPrnamt>15850</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>15850</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>PHILIP MORRIS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>718172109</cusip>
  <value>521620</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5148</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5148</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>PROCTER &amp; GAMBLE</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>742718109</cusip>
  <value>35090186</value>
  <shrsOrPrnAmt>
    <sshPrnamt>212771</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>212771</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>QUALCOMM</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>747525103</cusip>
  <value>304347</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1528</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1528</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>RELX PLC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>759530108</cusip>
  <value>263810</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5750</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5750</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>REPLIGEN CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>759916109</cusip>
  <value>535755</value>
  <shrsOrPrnAmt>
    <sshPrnamt>4250</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>4250</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ROCHE HLDG LTD ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>771195104</cusip>
  <value>242898</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7006</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7006</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ROCKWELL AUTOMATION</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>773903109</cusip>
  <value>29331794</value>
  <shrsOrPrnAmt>
    <sshPrnamt>106553</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>106553</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ROYAL BANK CANADA</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>780087102</cusip>
  <value>376585</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3540</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3540</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>RTX CORPORATION</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>75513E101</cusip>
  <value>25400481</value>
  <shrsOrPrnAmt>
    <sshPrnamt>253018</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>253018</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>SALESFORCE.COM</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>79466L302</cusip>
  <value>448639</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1745</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1745</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>SCHNEIDER ELEC SA    ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>80687P106</cusip>
  <value>25091723</value>
  <shrsOrPrnAmt>
    <sshPrnamt>521224</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>521224</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>SPDR PORT S&amp;P 500 ETF</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>78464A854</cusip>
  <value>868160</value>
  <shrsOrPrnAmt>
    <sshPrnamt>13565</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>13565</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>SPDR S&amp;P 500 ETF</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>78462F103</cusip>
  <value>811976</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1492</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1492</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>STRYKER CORP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>863667101</cusip>
  <value>861853</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2533</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2533</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>SYSCO</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>871829107</cusip>
  <value>254302</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3562</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3562</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>TEMPUR SEALY INTERNATIONAL INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>88023U101</cusip>
  <value>1492725</value>
  <shrsOrPrnAmt>
    <sshPrnamt>31532</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>31532</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>TESLA MOTORS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>88160R101</cusip>
  <value>272085</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1375</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1375</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>THERMO FISHER SCIENTIFIC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>883556102</cusip>
  <value>3184174</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5758</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5758</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>TJX COS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>872540109</cusip>
  <value>35018267</value>
  <shrsOrPrnAmt>
    <sshPrnamt>318059</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>318059</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>TORONTO DOMINION BANK</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>891160509</cusip>
  <value>347897</value>
  <shrsOrPrnAmt>
    <sshPrnamt>6330</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>6330</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>TRANE TECHNOLOGIES PLC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>G8994E103</cusip>
  <value>230251</value>
  <shrsOrPrnAmt>
    <sshPrnamt>700</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>700</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>UNILEVER PLC NEW     ADR</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>904767704</cusip>
  <value>217353</value>
  <shrsOrPrnAmt>
    <sshPrnamt>3953</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>3953</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>UNION PACIFIC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>907818108</cusip>
  <value>5962630</value>
  <shrsOrPrnAmt>
    <sshPrnamt>26353</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>26353</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>UNITED HEALTH GROUP</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>91324P102</cusip>
  <value>25847576</value>
  <shrsOrPrnAmt>
    <sshPrnamt>50755</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>50755</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>UNIVERSAL HEALTH SERVICES CL B</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>913903100</cusip>
  <value>221916</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1200</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1200</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD DIVIDEND APPRECIATION</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>921908844</cusip>
  <value>257213</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1409</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1409</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD FTSE DEVELOPED MARKET</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>921943858</cusip>
  <value>366301</value>
  <shrsOrPrnAmt>
    <sshPrnamt>7412</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>7412</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD VALUE ETF</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>922908744</cusip>
  <value>401025</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2500</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2500</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VEEVA SYSTEMS INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>922475108</cusip>
  <value>385419</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2106</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2106</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VERTEX PHARMACEUTICALS</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>92532F100</cusip>
  <value>13328991</value>
  <shrsOrPrnAmt>
    <sshPrnamt>28437</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>28437</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VISA</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>92826C839</cusip>
  <value>642596</value>
  <shrsOrPrnAmt>
    <sshPrnamt>2448</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>2448</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>WAL-MART STORES</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>931142103</cusip>
  <value>2608366</value>
  <shrsOrPrnAmt>
    <sshPrnamt>38523</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>38523</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>WASTE MANAGEMENT INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>94106L109</cusip>
  <value>11286966</value>
  <shrsOrPrnAmt>
    <sshPrnamt>52906</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>52906</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>XYLEM INC</nameOfIssuer>
  <titleOfClass>COM</titleOfClass>
  <cusip>98419M100</cusip>
  <value>28780040</value>
  <shrsOrPrnAmt>
    <sshPrnamt>212195</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>212195</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMERICAN FUNDS SMALL CAP WORLD</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>831681101</cusip>
  <value>299899</value>
  <shrsOrPrnAmt>
    <sshPrnamt>4508</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>4508</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>AMG RIVER ROAD SMALL-MID CAP V</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>00171A878</cusip>
  <value>13468655</value>
  <shrsOrPrnAmt>
    <sshPrnamt>1379985</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>1379985</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>CHAMPLAIN MID CAP ADVISOR</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>00764Q744</cusip>
  <value>303749</value>
  <shrsOrPrnAmt>
    <sshPrnamt>12920</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>12920</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>FPA CRESCENT FUND</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>30254T759</cusip>
  <value>1695748</value>
  <shrsOrPrnAmt>
    <sshPrnamt>41593</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>41593</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>GQG PARTNERS EMERGING MARKETS </nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>00771X419</cusip>
  <value>16521733</value>
  <shrsOrPrnAmt>
    <sshPrnamt>898409</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>898409</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>NEUBERGER BERMAN ALTERN LONG S</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>64128R608</cusip>
  <value>1205748</value>
  <shrsOrPrnAmt>
    <sshPrnamt>66800</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>66800</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>PRIMECAP ODYSSEY AGGRESSIVE GR</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>74160Q202</cusip>
  <value>408510</value>
  <shrsOrPrnAmt>
    <sshPrnamt>9000</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>9000</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>ROBECO BOSTON PARTNERS LONG SH</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>74925K581</cusip>
  <value>1396615</value>
  <shrsOrPrnAmt>
    <sshPrnamt>96987</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>96987</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>T ROWE PRICE DIVIDEND GROWTH</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>779546100</cusip>
  <value>998510</value>
  <shrsOrPrnAmt>
    <sshPrnamt>12906</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>12906</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD DIVIDEND GROWTH</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>921908604</cusip>
  <value>671963</value>
  <shrsOrPrnAmt>
    <sshPrnamt>17628</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>17628</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD INTERNATIONAL GROWTH </nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>921910501</cusip>
  <value>548600</value>
  <shrsOrPrnAmt>
    <sshPrnamt>5000</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>5000</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
<infoTable>
  <nameOfIssuer>VANGUARD TARGET RETIREMENT INC</nameOfIssuer>
  <titleOfClass>Equity Mutual Fu</titleOfClass>
  <cusip>92202E102</cusip>
  <value>603980</value>
  <shrsOrPrnAmt>
    <sshPrnamt>45618</sshPrnamt>
    <sshPrnamtType>SH</sshPrnamtType>
  </shrsOrPrnAmt>
  <investmentDiscretion>SOLE</investmentDiscretion>
  <votingAuthority>
    <Sole>45618</Sole>
    <Shared>0</Shared>
    <None>0</None>
  </votingAuthority>
</infoTable>
</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>