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
3M Corp. CS 88579Y101 631 4,408 SH   SOLE   4,408 0 0
A T & T CS 00206R102 843 23,835 SH   SOLE   23,835 0 0
ABB LTD CS 000375204 825 35,846 SH   SOLE   35,846 0 0
AGCO Corp CS 001084102 1,088 19,350 SH   SOLE   19,350 0 0
AbbVie Inc. CS 00287y109 517 9,158 SH   SOLE   9,158 0 0
Abbott Labs CS 002824100 769 18,808 SH   SOLE   18,808 0 0
Agrium CS 008916108 641 7,000 SH   SOLE   7,000 0 0
Airgas, Inc. CS 009363102 817 7,500 SH   SOLE   7,500 0 0
Akamai Technologies CS 00971t101 226 3,700 SH   SOLE   3,700 0 0
Alaska Air CS 011659109 456 4,800 SH   SOLE   4,800 0 0
AllianceBernstein Holdings CS 01881G106 954 36,880 SH   SOLE   36,880 0 0
Amgen CS 031162100 1,743 14,725 SH   SOLE   14,725 0 0
Ansys, Inc. CS 03662q105 497 6,550 SH   SOLE   6,550 0 0
Apple Computer CS 037833100 378 4,067 SH   SOLE   4,067 0 0
Astrazeneca CS 046353108 227 3,050 SH   SOLE   3,050 0 0
Avnet CS 053807103 747 16,850 SH   SOLE   16,850 0 0
BB&T CS 054937107 1,039 26,340 SH   SOLE   26,340 0 0
BP P.L.C. CS 055622104 306 5,800 SH   SOLE   5,800 0 0
Bank of Montreal CS 063671101 898 12,200 SH   SOLE   12,200 0 0
Bank of Nova Scotia CS 064149107 1,272 19,100 SH   SOLE   19,100 0 0
Baxter International CS 071813109 1,535 21,225 SH   SOLE   21,225 0 0
Berkshire Hathaway B CS 084670702 674 5,323 SH   SOLE   5,323 0 0
Biomed Realty Trust CS 09063h107 287 13,150 SH   SOLE   13,150 0 0
Boeing CS 097023105 604 4,750 SH   SOLE   4,750 0 0
Bristol Myers Squibb CS 110122108 592 12,200 SH   SOLE   12,200 0 0
CSX Corp CS 126408103 769 24,945 SH   SOLE   24,945 0 0
Canadian Natl Rail CS 136375102 1,388 21,350 SH   SOLE   21,350 0 0
Canadian Pacific CS 13645T100 349 1,925 SH   SOLE   1,925 0 0
Capital One Finl. CS 14040H105 562 6,800 SH   SOLE   6,800 0 0
Celgene CS 151020104 1,158 13,480 SH   SOLE   13,480 0 0
Century Bancorp CS 156432106 376 10,644 SH   SOLE   10,644 0 0
Chart Industries Inc. CS 16115q308 256 3,100 SH   SOLE   3,100 0 0
Chevron Corporation CS 166764100 809 6,200 SH   SOLE   6,200 0 0
Chicago Bridge & Iron CS 167250109 515 7,550 SH   SOLE   7,550 0 0
Church and Dwight CS 171340102 2,714 38,800 SH   SOLE   38,800 0 0
Cisco Systems CS 17275R102 673 27,075 SH   SOLE   27,075 0 0
Clorox Company CS 189054109 507 5,550 SH   SOLE   5,550 0 0
Coach, Inc. CS 189754104 343 10,040 SH   SOLE   10,040 0 0
Coca-Cola CS 191216100 954 22,525 SH   SOLE   22,525 0 0
ConAgra Foods CS 205887102 726 24,450 SH   SOLE   24,450 0 0
ConocoPhillips CS 20825C104 1,209 14,100 SH   SOLE   14,100 0 0
Costco Wholesale CS 22160K105 215 1,865 SH   SOLE   1,865 0 0
Cummins CS 231021106 490 3,175 SH   SOLE   3,175 0 0
DaVita Inc. CS 23918k108 325 4,500 SH   SOLE   4,500 0 0
Darden Restaurants CS 237194105 596 12,875 SH   SOLE   12,875 0 0
Diageo PLC ADS CS 25243q205 624 4,900 SH   SOLE   4,900 0 0
Donaldson Company Inc. CS 257651109 945 22,325 SH   SOLE   22,325 0 0
Dorman Products, Inc. CS 258278100 836 16,950 SH   SOLE   16,950 0 0
Dril-Quip CS 262037104 453 4,150 SH   SOLE   4,150 0 0
EMC CS 268648102 250 9,500 SH   SOLE   9,500 0 0
Eaton CS g29183103 814 10,550 SH   SOLE   10,550 0 0
Einstein Noah Restaurant Group CS 28257u104 268 16,700 SH   SOLE   16,700 0 0
Emerson Electric CS 291011104 1,290 19,446 SH   SOLE   19,446 0 0
Ensco Plc CS g3157s106 1,373 24,700 SH   SOLE   24,700 0 0
Estee Lauder CS 518439104 378 5,090 SH   SOLE   5,090 0 0
Exxon Mobil CS 30231G102 2,672 26,541 SH   SOLE   26,541 0 0
Fastenal CS 311900104 725 14,650 SH   SOLE   14,650 0 0
Fluor CS 343412102 1,015 13,200 SH   SOLE   13,200 0 0
Fortune Brands & Home Security CS 34964c106 1,008 25,250 SH   SOLE   25,250 0 0
Fract Kinder Morgan Mgt CS eke55u103 0 54,387 SH   SOLE   54,387 0 0
Fulton Financial CS 360271100 307 24,750 SH   SOLE   24,750 0 0
General Electric CS 369604103 2,133 81,169 SH   SOLE   81,169 0 0
Genesee and Wyoming CS 371559105 276 2,625 SH   SOLE   2,625 0 0
Gilead Sciences CS 375558103 833 10,050 SH   SOLE   10,050 0 0
GlaxoSmithKline CS 37733W105 948 17,720 SH   SOLE   17,720 0 0
HB Fuller CS 359694106 914 19,005 SH   SOLE   19,005 0 0
HSBC Holdings Pfd A CS 404280604 272 10,750 SH   SOLE   10,750 0 0
Holly Frontier Corp CS 436106108 1,331 30,465 SH   SOLE   30,465 0 0
Home Depot CS 437076102 427 5,275 SH   SOLE   5,275 0 0
Honeywell Int'l. CS 438516106 1,218 13,100 SH   SOLE   13,100 0 0
Hornbeck Offshore Services CS 440543106 592 12,625 SH   SOLE   12,625 0 0
Hospira CS 441060100 493 9,600 SH   SOLE   9,600 0 0
Independent Bank CS 453836108 1,245 32,447 SH   SOLE   32,447 0 0
Int'l Bus. Mach. CS 459200101 1,318 7,270 SH   SOLE   7,270 0 0
Intel CS 458140100 858 27,775 SH   SOLE   27,775 0 0
InterContinental Hotels CS 45857p400 1,724 41,525 SH   SOLE   41,525 0 0
Jacobs Engineering CS 469814107 809 15,175 SH   SOLE   15,175 0 0
Johnson & Johnson CS 478160104 3,081 29,454 SH   SOLE   29,454 0 0
Johnson Controls CS 478366107 1,116 22,350 SH   SOLE   22,350 0 0
Kansas City So. CS 485170302 911 8,475 SH   SOLE   8,475 0 0
Kellogg CS 487836108 770 11,723 SH   SOLE   11,723 0 0
Kimberly-Clark CS 494368103 1,151 10,346 SH   SOLE   10,346 0 0
Kinder Morgan Energy CS 494550106 993 12,075 SH   SOLE   12,075 0 0
Kinder Morgan Management CS 49455u100 279 3,538 SH   SOLE   3,538 0 0
Lincoln Electric Holdings CS 533900106 660 9,450 SH   SOLE   9,450 0 0
Lululemon Athletica CS 550021109 691 17,075 SH   SOLE   17,075 0 0
Marathon Oil CS 565849106 1,267 31,750 SH   SOLE   31,750 0 0
Mastercard Inc CS 57636q104 463 6,300 SH   SOLE   6,300 0 0
McDonald's CS 580135101 694 6,885 SH   SOLE   6,885 0 0
Medtronic CS 585055106 924 14,485 SH   SOLE   14,485 0 0
Merck CS 58933y105 1,171 20,236 SH   SOLE   20,236 0 0
Microsoft CS 594918104 956 22,925 SH   SOLE   22,925 0 0
Mohawk Industries CS 608190104 1,152 8,325 SH   SOLE   8,325 0 0
Mylan Labs CS 628530107 458 8,890 SH   SOLE   8,890 0 0
NetApp Inc. CS 64110d104 448 12,275 SH   SOLE   12,275 0 0
NextEra Energy Inc. CS 65339f101 374 3,650 SH   SOLE   3,650 0 0
Nike Inc Class B CS 654106103 721 9,300 SH   SOLE   9,300 0 0
Noble Corp PLC CS g65431101 618 18,400 SH   SOLE   18,400 0 0
Nordstrom CS 655664100 601 8,854 SH   SOLE   8,854 0 0
Norfolk Southern CS 655844108 489 4,750 SH   SOLE   4,750 0 0
Northern Trust CS 665859104 482 7,500 SH   SOLE   7,500 0 0
Occidental Petroleum CS 674599105 1,309 12,750 SH   SOLE   12,750 0 0
Pall CS 696429307 435 5,100 SH   SOLE   5,100 0 0
Parexel International Corp CS 699462107 263 4,975 SH   SOLE   4,975 0 0
PennyMac Financial Services CS 70932b101 179 11,800 SH   SOLE   11,800 0 0
Pentair CS g7s00t104 267 3,700 SH   SOLE   3,700 0 0
Pepsico CS 713448108 393 4,400 SH   SOLE   4,400 0 0
Pfizer CS 717081103 1,075 36,235 SH   SOLE   36,235 0 0
Pharmacyclics, Inc. CS 716933106 305 3,400 SH   SOLE   3,400 0 0
PriceSmart, Inc. CS 741511109 355 4,075 SH   SOLE   4,075 0 0
Private Bancorp CS 742962103 231 7,950 SH   SOLE   7,950 0 0
Procter & Gamble CS 742718109 1,052 13,380 SH   SOLE   13,380 0 0
Prosperity Bancshares, Inc. CS 743606105 1,177 18,800 SH   SOLE   18,800 0 0
Quaker Chemical CS 747316107 238 3,100 SH   SOLE   3,100 0 0
Qualcomm CS 747525103 1,815 22,915 SH   SOLE   22,915 0 0
Rock-Tenn Company CS 772739207 549 5,200 SH   SOLE   5,200 0 0
Rockwood Holdings, Inc. CS 774415103 464 6,100 SH   SOLE   6,100 0 0
Royal Dutch CS 780259206 247 3,000 SH   SOLE   3,000 0 0
Ryland Group CS 783764103 221 5,600 SH   SOLE   5,600 0 0
SPX Corp CS 784635104 281 2,600 SH   SOLE   2,600 0 0
Schlumberger CS 806857108 854 7,240 SH   SOLE   7,240 0 0
Seagate Technology PC CS g7945m107 957 16,850 SH   SOLE   16,850 0 0
Sigma-Aldrich CS 826552101 220 2,168 SH   SOLE   2,168 0 0
Southwestern Energy CS 845467109 567 12,475 SH   SOLE   12,475 0 0
Starbucks CS 855244109 967 12,500 SH   SOLE   12,500 0 0
State Street CS 857477103 1,011 15,028 SH   SOLE   15,028 0 0
State Street Preferred C CS 857477509 275 11,900 SH   SOLE   11,900 0 0
Steel Dynamics CS 858119100 274 15,275 SH   SOLE   15,275 0 0
Stericycle, Inc CS 858912108 580 4,900 SH   SOLE   4,900 0 0
SunTrust Banks CS 867914103 874 21,825 SH   SOLE   21,825 0 0
Suncor Energy CS 867224107 584 13,700 SH   SOLE   13,700 0 0
Sysco Corp CS 871829107 670 17,900 SH   SOLE   17,900 0 0
T. R. Price CS 74144T108 519 6,150 SH   SOLE   6,150 0 0
Target CS 87612E106 212 3,650 SH   SOLE   3,650 0 0
The FRS Company CS aci076053 0 114,324 SH   SOLE   114,324 0 0
The Gap Inc. CS 364760108 325 7,825 SH   SOLE   7,825 0 0
Tibco Software CS 88632q103 800 39,650 SH   SOLE   39,650 0 0
Timken CS 887389104 1,739 25,630 SH   SOLE   25,630 0 0
Toll Brothers CS 889478103 358 9,700 SH   SOLE   9,700 0 0
TransCanada Corp CS 89353d107 274 5,750 SH   SOLE   5,750 0 0
Unilever CS 904767704 1,226 27,050 SH   SOLE   27,050 0 0
United Rentals, Inc. CS 911363109 759 7,250 SH   SOLE   7,250 0 0
United Technologies CS 913017109 316 2,738 SH   SOLE   2,738 0 0
Valeant Pharma Int'l CS 91911k102 202 1,600 SH   SOLE   1,600 0 0
Verisk Analytics CS 92345y106 482 8,025 SH   SOLE   8,025 0 0
Verizon Comm. CS 92343V104 480 9,809 SH   SOLE   9,809 0 0
W.P. Carey & Co. CS 92936u109 430 6,684 SH   SOLE   6,684 0 0
W.W. Grainger, Inc CS 384802104 350 1,378 SH   SOLE   1,378 0 0
Waters CS 941848103 423 4,050 SH   SOLE   4,050 0 0
West Pharmaceutical Services CS 955306105 793 18,806 SH   SOLE   18,806 0 0
Wyndham Worldwide CS 98310w108 336 4,436 SH   SOLE   4,436 0 0
Zoetis Inc CS 98978v103 630 19,525 SH   SOLE   19,525 0 0