13F-HR 1 r13fincq405.txt COVER, SUMMARY AND TABLE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2005 Check here if Amendment [ ] ; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: A.G. Edwards, Inc. Address: One North Jefferson St. Louis, MO 63103 Form 13F File Number: 28-4192 The institutional investment manager filing this report and the person by who it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Joseph G. Porter Assistant Treasurer 314-955-3462 Signature, Place, and Date of Signing: /s/ Joseph G. Porter St. Louis, MO 02/10/06 [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 345 Form 13F Information Table Value Total: $5,092,105 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 1 28-3548 A.G. Edwards & Sons, Inc. 2 28-6731 A.G. Edwards Trust Company FSB 3 Gallatin Asset Management, Inc. VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY----- NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE D AFLAC INC COM 001055102 1136 24467 DEFINED 01 02 03 24467 0 0 D AT&T INC COM 00206R102 2346 95778 DEFINED 02 03 95778 0 0 D ABBOTT LABORATORIES COM 002824100 4324 109657 DEFINED 01 02 03 97540 0 12117 D ACETO CORP COM 004446100 66 10023 DEFINED 01 02 10023 0 0 D ADESA INCORPORATED COM 00686U104 25996 1064546 DEFINED 01 03 1064546 0 0 D AFFILIATED COMPUTER COM 008190100 1653 27932 DEFINED 01 0 0 27932 D AFFILIATED MANAGERS COM 008252108 5621 70039 DEFINED 02 03 70039 0 0 D ALBERTO-CULVER COMPANY COM 013068101 1004 21949 DEFINED 01 03 21949 0 0 D ALCOA INC COM 013817101 972 32878 DEFINED 01 02 31178 0 1700 D ALLIED CAPITAL COM 01903Q108 241 8222 DEFINED 01 02 8222 0 0 D ALLSTATE CORP COM 020002101 1615 29872 DEFINED 01 02 29872 0 0 D ALLTEL CORP COM 020039103 400 6339 DEFINED 01 02 5089 0 1250 D ALTRIA GROUP INC COM 02209S103 1551 20757 DEFINED 01 02 17475 0 3282 D AMBASSADORS GROUP INC COM 023177108 4857 212177 DEFINED 01 03 212177 0 0 D AMEREN CORPORATION COM 023608102 1032 20133 DEFINED 01 02 20133 0 0 D AMERN CAP STRATEGIES COM 024937104 200 5526 DEFINED 01 02 5526 0 0 D AMERICAN EXPRESS COMPANY COM 025816109 27847 541146 DEFINED 01 02 03 540656 0 490 D AMERICAN INTERNATIONAL COM 026874107 1776 26032 DEFINED 01 02 03 20723 0 5309 D AMERICAN STANDARD COM 029712106 407 10178 DEFINED 01 1 0 10177 D AMERIPRISE FINANCIAL INC COM 03076C106 3769 91931 DEFINED 01 02 03 91871 0 60 D AMGEN INC COM 031162100 2386 30256 DEFINED 01 02 2666 0 27590 D AMSOUTH BANCORPORATION COM 032165102 294 11236 DEFINED 01 02 11236 0 0 D ANADARKO PETROLEUM CORP COM 032511107 856 9030 DEFINED 01 02 4246 0 4784 D ANHEUSER BUSCH COS INC COM 035229103 57260 1332874 DEFINED 01 02 03 1324324 0 8550 D ANNALY MTG MGMT INC * COM 035710409 14795 1352410 DEFINED 01 03 1352410 0 0 D APACHE CORP COM 037411105 330 4815 DEFINED 01 02 03 557 0 4258 D APOLLO GROUP INC CL A COM 037604105 430 7108 DEFINED 01 0 0 7108 D APOLLO INVESTMENT CORP COM 03761U106 23531 1312392 DEFINED 01 03 1312392 0 0 D APPLE COMPUTER INC COM 037833100 542 7540 DEFINED 01 144 0 7396 D ATMOS ENERGY CORP COM 049560105 964 36858 DEFINED 01 02 03 36858 0 0 D AUTOMATIC DATA PROCESSNG COM 053015103 4095 89225 DEFINED 01 02 03 89225 0 0 D AVERY DENNISON CORP COM 053611109 25663 464327 DEFINED 01 02 03 464327 0 0 D AVON PRODUCTS INC COM 054303102 8922 312504 DEFINED 01 02 03 309685 0 2819 D BP PLC COM 055622104 22696 353409 DEFINED 01 02 03 350899 0 2510 D BAKER HUGHES INC COM 057224107 464 7628 DEFINED 01 02 6828 0 800 D BANK OF AMERICA CORP COM 060505104 5405 117120 DEFINED 02 107452 0 9668 D BARRICK GOLD CORP COM 067901108 275 9873 DEFINED 01 02 9873 0 0 D BECTON DICKINSON & COM 075887109 263 4379 DEFINED 01 02 4379 0 0 D BED BATH & BEYOND INC COM 075896100 1250 34576 DEFINED 01 02 950 0 33626 D BELLSOUTH CORP COM 079860102 1987 73312 DEFINED 01 02 03 70876 0 2436 D BERKSHIRE HATHAWAY INC COM 084670108 266 3 DEFINED 02 3 0 0 D BERKSHIRE HATHAWAY INC COM 084670207 38584 13144 DEFINED 02 03 13092 0 52 D BIOMET INC COM 090613100 3658 100023 DEFINED 01 02 03 100023 0 0 D BLOCK H & R INC COM 093671105 315 12849 DEFINED 01 02 12849 0 0 D BOEING COMPANY COM 097023105 432 6157 DEFINED 01 02 6157 0 0 D BOSTON SCIENTIFIC CORP COM 101137107 222 9067 DEFINED 01 02 03 325 0 8742 D BRISTOL MYERS SQUIBB COM 110122108 424 18466 DEFINED 01 02 17666 0 800 D BROWN & BROWN INC COM 115236101 3633 118956 DEFINED 01 03 118956 0 0 D BURLINGTON NTHRN SANTA COM 12189T104 4058 57294 DEFINED 01 02 03 54559 0 2735 D BURLINGTON RESOURCES INC COM 122014103 465 5393 DEFINED 01 02 2439 0 2954 D CBL & ASSOC PPTYS INC * COM 124830100 962 24356 DEFINED 01 03 24356 0 0 D C P I CORP COM 125902106 5152 275353 DEFINED 01 03 275353 0 0 D CADBURY SCHWEPPES PLC COM 127209302 47021 1228014 DEFINED 01 02 03 1228014 0 0 D CALIFORNIA PIZZA COM 13054D109 3184 99581 DEFINED 03 99581 0 0 D CANADIAN IMPERIAL BANK COM 136069101 263 4000 DEFINED 01 02 4000 0 0 D CANADIAN NATURAL COM 136385101 834 16801 DEFINED 01 02 16801 0 0 D CAPITAL ONE FINL CORP COM 14040H105 4508 52177 DEFINED 01 02 49356 0 2821 D CARNIVAL CORP PAIRED CTF COM 143658300 393 7346 DEFINED 01 02 03 826 0 6520 D CASS INFORMATION COM 14808P109 810 24394 DEFINED 01 02 24394 0 0 D CATERPILLAR INC COM 149123101 2558 44272 DEFINED 01 02 39828 0 4444 D CCE SPINCO INC COM 14985W109 419 31968 DEFINED 01 02 03 31968 0 0 D CEMEX SA SPONS ADR NEW COM 151290889 556 9379 DEFINED 01 03 9379 0 0 D CHARLES RIVER LAB INTL COM 159864107 13019 307274 DEFINED 02 307274 0 0 D CHEVRON CORPORATION COM 166764100 60826 1071442 DEFINED 01 02 03 1062760 0 8682 D CINCINNATI COM 172062101 1247 27899 DEFINED 01 02 03 27899 0 0 D CINERGY CORPORATION COM 172474108 298 7026 DEFINED 01 02 6176 0 850 D CISCO SYSTEMS INC COM 17275R102 1516 88536 DEFINED 01 02 03 70199 0 18337 D CINTAS CORP COM 172908105 259 6286 DEFINED 01 1 0 6285 D CITIGROUP INC COM 172967101 3137 64646 DEFINED 01 02 03 30981 0 33665 D CLEAR CHANNEL COM 184502102 55305 1758504 DEFINED 01 02 03 1758504 0 0 D CLOROX COMPANY COM 189054109 1251 21993 DEFINED 01 02 03 21993 0 0 D COCA-COLA COMPANY COM 191216100 3043 75491 DEFINED 01 02 03 75491 0 0 D COLGATE-PALMOLIVE COM 194162103 2644 48211 DEFINED 01 02 03 47751 0 460 D COMCAST CORP CLASS A NEW COM 20030N101 698 26940 DEFINED 01 02 03 22697 0 4243 D COMCAST CORP CLASS A NEW COM 20030N200 22596 879573 DEFINED 01 02 03 879473 0 100 D COMMERCE BANCORP INC COM 200519106 1167 33919 DEFINED 01 02 03 30619 0 3300 D COMPUWARE CORP COM 205638109 94 10478 DEFINED 01 10478 0 0 D CONAGRA FOODS INC COM 205887102 22253 1097266 DEFINED 01 02 03 1097266 0 0 D CONOCOPHILLIPS COM 20825C104 7379 126831 DEFINED 01 02 03 124405 0 2426 D CONSOLIDATED EDISON INC COM 209115104 346 7478 DEFINED 01 02 7478 0 0 D CORPORATE OFFICE PPTYS * COM 22002T108 969 27268 DEFINED 01 03 27268 0 0 D CROSSTEX ENERGY LP COM COM 22765U102 257 7555 DEFINED 01 02 7555 0 0 D DNP SELECT INCOME COM 23325P104 259 24939 DEFINED 01 0 0 24939 D DANAHER CORP COM 235851102 615 11020 DEFINED 01 02 1472 0 9548 D DEAN FOODS COMPANY NEW COM 242370104 428 11375 DEFINED 01 02 11375 0 0 D DELTA & PINE LAND COM 247357106 3307 143723 DEFINED 01 02 03 143723 0 0 D DENTSPLY INTERNATIONAL COM 249030107 1562 29096 DEFINED 01 02 10131 0 18965 D DEVELOPERS DIVERSIFIED * COM 251591103 1011 21513 DEFINED 01 03 21513 0 0 D DIAGEO PLC NEW SPN ADR COM 25243Q205 64793 1111371 DEFINED 01 02 03 1111371 0 0 D DISNEY WALT COMPANY COM 254687106 466 19423 DEFINED 01 02 19238 0 185 D DISCOVERY HOLDING COM 25468Y107 2481 163754 DEFINED 01 02 03 163754 0 0 D DOMINION RES INC VA NEW COM 25746U109 457 5917 DEFINED 01 02 5161 0 756 D DONALDSON COMPANY INC COM 257651109 1147 36061 DEFINED 01 03 93 0 35968 D DOVER CORP COMMON COM 260003108 250 6164 DEFINED 01 02 03 6164 0 0 D DOW CHEMICAL COMPANY COM 260543103 5161 117777 DEFINED 01 02 116921 0 856 D DU PONT E.I.DE NEMOUR COM 263534109 1825 42939 DEFINED 01 02 38049 0 4890 D E M C CORP MASS COM 268648102 472 34632 DEFINED 01 02 5701 0 28931 D EATON CORP COM 278058102 316 4716 DEFINED 01 02 4716 0 0 D EATON VANCE CORP COM 278265103 1006 36774 DEFINED 01 03 36774 0 0 D EBAY INC COM 278642103 297 6876 DEFINED 01 02 380 0 6496 D A G EDWARDS INC COM 281760108 3121 66613 DEFINED 01 02 66613 0 0 D EMERSON ELECTRIC COMPANY COM 291011104 23574 315582 DEFINED 01 02 03 314482 0 1100 D ENERGEN CORPORATION COM 29265N108 941 25907 DEFINED 01 03 25907 0 0 D ENERGIZER HLDGS INC COM 29266R108 6124 123000 DEFINED 02 1430 0 121570 D ENERGY TRANSFER PARTNERS COM 29273R109 449 13101 DEFINED 01 02 11101 0 2000 D ENERPLUS RESOURCES FUND COM 29274D604 29542 615724 DEFINED 01 03 615724 0 0 D ENTERCOM COMMNS CORP COM 293639100 12774 430541 DEFINED 02 03 430541 0 0 D ERICSSON L M TEL COMPANY COM 294821608 465 13514 DEFINED 01 02 5954 0 7560 D ETHAN ALLEN INTERIORS COM 297602104 5079 139039 DEFINED 01 02 03 139039 0 0 D EXELON CORPORATION COM 30161N101 229 4310 DEFINED 01 02 03 3910 0 400 D EXPEDITORS INTERNATIONAL COM 302130109 1871 27715 DEFINED 01 02 03 124 0 27591 D EXXON MOBIL CORP COM 30231G102 56052 997907 DEFINED 01 02 03 995137 0 2770 D FPL GROUP INC COM 302571104 1408 33871 DEFINED 01 02 03 31505 0 2366 D FACTSET RESEARCH SYSTEMS COM 303075105 1313 31901 DEFINED 01 1 0 31900 D FEDL HOME LOAN MTG CORP COM 313400301 617 9444 DEFINED 01 02 6949 0 2495 D FANNIE MAE COM 313586109 1978 40530 DEFINED 01 02 37209 0 3321 D FEDEX CORPORATION COM 31428X106 419 4053 DEFINED 01 02 4053 0 0 D F5 NETWORKS INC COM 315616102 303 5298 DEFINED 01 0 0 5298 D FIFTH THIRD BANCORP COM 316773100 1367 36237 DEFINED 01 02 03 36237 0 0 D FINANCIAL FED CORP COM 317492106 19284 433829 DEFINED 01 02 03 433829 0 0 D FIRST DATA CORP COM 319963104 43115 1002436 DEFINED 01 02 03 992076 0 10360 D FISERV INC COM 337738108 1431 33079 DEFINED 01 02 256 0 32823 D FORTUNE BRANDS INC COM 349631101 359 4598 DEFINED 01 02 03 4598 0 0 D FORWARD AIR CORP COM 349853101 6441 175732 DEFINED 01 02 03 175732 0 0 D FRANKLIN RESOURCES INC COM 354613101 321 3415 DEFINED 01 02 41 0 3374 D GABELLI GLOBAL COM 36239Q109 2346 231096 DEFINED 01 03 231096 0 0 D GANNETT COMPANY INC DEL COM 364730101 1338 22095 DEFINED 01 02 03 22095 0 0 D GENENTECH INC NEW COM 368710406 224 2419 DEFINED 01 0 0 2419 D GENERAL ELECTRIC COMPANY COM 369604103 23266 663783 DEFINED 01 02 03 646745 0 17038 D GENERAL MILLS INC COM 370334104 1114 22594 DEFINED 01 02 22594 0 0 D GENZYME CORP COM 372917104 324 4577 DEFINED 01 0 0 4577 D GLADSTONE CAPITAL CORP COM 376535100 11628 543885 DEFINED 01 02 03 543885 0 0 D GLADSTONE COMMERCIAL COM 376536108 5744 348117 DEFINED 01 03 348117 0 0 D GLAXOSMITHKLINE PLC COM 37733W105 549 10868 DEFINED 01 02 03 10868 0 0 D GRACO INCORPORATED COM 384109104 253 6936 DEFINED 01 0 0 6936 D HARLEY DAVIDSON INC COM 412822108 9065 176054 DEFINED 01 02 03 170093 0 5961 D HARMAN INTERNATIONAL COM 413086109 1332 13612 DEFINED 01 1 0 13611 D HARTFORD FINL SVCS GROUP COM 416515104 641 7468 DEFINED 01 02 6142 0 1326 D HEARST ARGYLE COM 422317107 656 27493 DEFINED 01 02 27493 0 0 D HEARTLAND EXPRESS INC COM 422347104 13917 685891 DEFINED 01 02 03 685891 0 0 D HEINZ HJ COMPANY COM 423074103 1303 38649 DEFINED 01 02 03 38649 0 0 D HENRY JACK & ASSOC INC COM 426281101 468 24495 DEFINED 01 02 03 24495 0 0 D HERSHEY COMPANY COM 427866108 12773 231191 DEFINED 01 02 03 231191 0 0 D HEWLETT-PACKARD COMPANY COM 428236103 249 8687 DEFINED 01 02 8687 0 0 D HILTON HOTELS CORP COM 432848109 1407 58376 DEFINED 01 02 57976 0 400 D HOME DEPOT INC COM 437076102 6257 154581 DEFINED 01 02 03 148884 0 5697 D HONEYWELL INTL INC COM 438516106 339 9109 DEFINED 01 02 6909 0 2200 D ISTAR FINANCIAL INC * COM 45031U101 22921 642952 DEFINED 01 03 642952 0 0 D ITT INDS INC COM 450911102 272 2644 DEFINED 01 02 2644 0 0 D ILLINOIS TOOL WORKS INC COM 452308109 31439 357299 DEFINED 01 02 03 357299 0 0 D IMPERIAL OIL LTD NEW COM 453038408 1494 15001 DEFINED 01 02 15001 0 0 D INERGY L P COM 456615103 211 8128 DEFINED 01 02 8128 0 0 D INTEL CORP COM 458140100 2257 90411 DEFINED 01 02 79870 0 10541 D INTERNATIONAL BUSINESS COM 459200101 3823 46505 DEFINED 01 02 03 43442 0 3063 D INTERNATIONAL PAPER COM 460146103 380 11302 DEFINED 01 02 11302 0 0 D INTRNTL SPEEDWAY CORP COM 460335201 5946 124131 DEFINED 01 02 03 124131 0 0 D IRON MOUNTAIN INC DE COM 462846106 5059 119817 DEFINED 02 03 119817 0 0 D ISHARES INC * COM 464286202 1474 53427 DEFINED 01 03 53427 0 0 D ISHARES MSCI BELGIUM * COM 464286301 1412 73522 DEFINED 01 03 73522 0 0 D ISHARES INC * COM 464286699 1393 74949 DEFINED 01 03 74949 0 0 D ISHARES INC MSCI * COM 464286707 1430 55047 DEFINED 01 03 55047 0 0 D ISHARES INC * COM 464286822 1559 43669 DEFINED 01 03 43669 0 0 D ISHARES INC MSCI JAPAN * COM 464286848 1571 116204 DEFINED 01 03 116204 0 0 D ISHARES INC MSCI * COM 464286855 1410 55126 DEFINED 01 03 55126 0 0 D ISHARES DOW JONES SELECT COM 464287168 2285 37299 DEFINED 01 03 37299 0 0 D ISHARES TR * COM 464287176 2239 21780 DEFINED 01 03 21780 0 0 D ISHARES TRUST FTSE COM 464287184 1414 22941 DEFINED 01 03 22941 0 0 D ISHARES TR * COM 464287200 6351 50944 DEFINED 01 03 50944 0 0 D ISHARES LEHMAN AGGREGAT* COM 464287226 3060 30422 DEFINED 01 03 30422 0 0 D ISHARES TR MSCI * COM 464287234 290 3290 DEFINED 01 02 03 2598 0 692 D ISHARES TR GOLDMAN * COM 464287242 227799 2115320 DEFINED 01 03 2115320 0 0 D ISHARES S&P 500 GROWTH * COM 464287309 76810 1295719 DEFINED 01 03 1295719 0 0 D ISHARES S&P 500 VALUE * COM 464287408 77127 1185659 DEFINED 01 03 1185659 0 0 D ISHARES TR 20+ TREAS * COM 464287432 865 9408 DEFINED 01 03 9408 0 0 D ISHARES TR 7 10YR TREAS* COM 464287440 756 9004 DEFINED 01 03 9004 0 0 D ISHARES TR 1 3 YR TREAS* COM 464287457 88109 1098483 DEFINED 01 03 1098483 0 0 D I SHARES TRUST MSCI * COM 464287465 309791 5212705 DEFINED 01 03 5208243 0 4463 D ISHARES TR * COM 464287473 3464 27840 DEFINED 01 02 27840 0 0 D ISHARES TR * COM 464287481 362 3851 DEFINED 01 02 3851 0 0 D ISHARES TR * COM 464287507 1909 25864 DEFINED 01 03 25759 0 105 D ISHARES TR * COM 464287549 3064 64709 DEFINED 01 03 64709 0 0 D ISHARES TR * COM 464287580 35745 599654 DEFINED 01 03 599654 0 0 D ISHARES S&P MIDCAP 400 * COM 464287606 349724 4624756 DEFINED 01 03 4623706 0 1050 D ISHARES TR * COM 464287689 302 4191 DEFINED 01 03 4191 0 0 D ISHARES TR * COM 464287697 48601 635638 DEFINED 01 03 633359 0 2279 D ISHARES S&P MIDCAP 400 * COM 464287705 339973 4823002 DEFINED 01 03 4821922 0 1080 D ISHARES TR * COM 464287713 74060 3239740 DEFINED 01 02 03 3238775 0 965 D ISHARES TR DOW JONES US* COM 464287739 589 9185 DEFINED 01 03 9185 0 0 D ISHARES TR DOW JONES US* COM 464287754 1235 21213 DEFINED 01 03 21213 0 0 D ISHARES TR DOW JONES US* COM 464287762 256563 4069846 DEFINED 01 03 4069846 0 0 D ISHARES TR * COM 464287788 249 2464 DEFINED 01 03 2464 0 0 D ISHARES TR DOW JONES US* COM 464287796 2109 24594 DEFINED 01 03 24594 0 0 D ISHARES TR * COM 464287804 3424 59231 DEFINED 01 03 58952 0 279 D ISHARES TR * COM 464287812 133277 2502394 DEFINED 01 03 2502394 0 0 D ISHARES S&P SMALLCAP * COM 464287879 20583 322206 DEFINED 01 03 321331 0 875 D ISHARES S&P SMALLCAP * COM 464287887 20859 179708 DEFINED 01 03 179188 0 520 D JPMORGAN CHASE & COM 46625H100 1105 27832 DEFINED 01 02 27832 0 0 D JEFFERSON-PILOT CORP COM 475070108 346 6076 DEFINED 01 02 6076 0 0 D JOHNSON & JOHNSON COM 478160104 72474 1205891 DEFINED 01 02 03 1205891 0 0 D KELLOGG COMPANY COM 487836108 798 18476 DEFINED 01 02 18176 0 300 D KERR-MC GEE CORPORATION COM 492386107 269 2956 DEFINED 01 02 477 0 2479 D KIMBERLY-CLARK CORP COM 494368103 1154 19354 DEFINED 01 02 03 19354 0 0 D KINDER MORGAN INC KS COM 49455P101 212 2311 DEFINED 01 02 2311 0 0 D KOHL'S CORP COM 500255104 1313 27010 DEFINED 01 0 0 27010 D KRAFT FOODS CL A COM 50075N104 932 33090 DEFINED 01 02 03 33090 0 0 D LEGGETT&PLATT INC COM COM 524660107 1038 45228 DEFINED 01 02 03 45228 0 0 D LIBERTY MEDIA CORP NEW COM 530718105 6522 828739 DEFINED 01 02 03 828739 0 0 D LIFELINE SYSTEMS INC COM 532192101 3449 94329 DEFINED 03 94329 0 0 D LILLY ELI & COMPANY COM 532457108 5472 96697 DEFINED 01 02 03 89564 0 7133 D LINCOLN NATIONAL CORP COM 534187109 609 11486 DEFINED 01 02 11486 0 0 D LOWES COMPANIES INC COM 548661107 2900 43503 DEFINED 01 02 03 19916 0 23587 D LUCENT TECHNOLOGIES INC COM 549463107 105 39584 DEFINED 01 02 03 37084 0 2500 D MDU RESOURCES GROUP INC COM 552690109 1056 32254 DEFINED 01 02 03 32254 0 0 D MARKEL CORP COM 570535104 25917 81745 DEFINED 02 03 81745 0 0 D MARKWEST ENERGY PARTNERS COM 570759100 258 5565 DEFINED 01 02 5565 0 0 D MCDONALDS CORP COM 580135101 2572 76290 DEFINED 01 02 03 72734 0 3556 D MEDCO HEALTH SOLUTIONS COM 58405U102 287 5141 DEFINED 01 02 4141 0 1000 D MEDTRONIC INC COM 585055106 3416 59340 DEFINED 01 02 58216 0 1124 D MERCK & COMPANY INC COM 589331107 28466 894871 DEFINED 01 02 03 894471 0 400 D MERCURY GENERAL CORP NEW COM 589400100 11783 202394 DEFINED 01 03 202394 0 0 D MICROSOFT CORP COM 594918104 42810 1637078 DEFINED 01 02 03 1618670 0 18408 D MIDCAP SPDR TR COM 595635103 3281 24359 DEFINED 01 03 23721 0 637 D MOHAWK INDS INC COM 608190104 342 3930 DEFINED 02 03 3930 0 0 D MORGAN STANLEY COM 617446448 657 11585 DEFINED 01 02 3705 0 7880 D NVR INC COM 62944T105 812 1157 DEFINED 01 02 15 0 1142 D NASDAQ STOCK MARKET INC COM 631103108 459 13050 DEFINED 01 13050 0 0 D NATIONAL FUEL GAS COM 636180101 1085 34773 DEFINED 01 02 03 34773 0 0 D NATUZZI S P A ADR COM 63905A101 702 100295 DEFINED 01 03 100295 0 0 D NOKIA CORPORATION COM 654902204 505 27576 DEFINED 01 02 8284 0 19292 D NORFOLK SOUTHERN CORP COM 655844108 2330 51978 DEFINED 01 02 03 49448 0 2530 D NORTH FORK BANCORP INC COM 659424105 41692 1523821 DEFINED 01 02 03 1523621 0 200 D NRTHRN BORDER PRTNRS LP COM 664785102 432 10281 DEFINED 01 02 10281 0 0 D NORTHERN TRUST CORP COM 665859104 307 5929 DEFINED 01 02 5929 0 0 D NORTHWESTERN CORPORATION COM 668074305 29497 949371 DEFINED 01 03 949371 0 0 D NOVARTIS AG COM 66987V109 2523 48074 DEFINED 01 02 03 48074 0 0 D OCCIDENTAL PETRO CORP COM 674599105 632 7917 DEFINED 01 02 7917 0 0 D ORACLE CORP COM 68389X105 187 15319 DEFINED 01 02 03 13119 0 2200 D O REILLY AUTOMOTIVE INC COM 686091109 1739 54330 DEFINED 01 15 0 54315 D P P G INDUSTRIES INC COM 693506107 585 10095 DEFINED 01 02 10095 0 0 D PATRIOT CAPITAL FUNDING COM 70335Y104 502 41129 DEFINED 01 41129 0 0 D PATTERSON COMPANIES INC COM 703395103 313 9365 DEFINED 02 9365 0 0 D PAYCHEX INC COM 704326107 974 25540 DEFINED 01 02 03 25540 0 0 D PEABODY ENERGY CORP COM 704549104 268 3249 DEFINED 01 02 201 0 3048 D PENNEY J C COMPANY INC COM 708160106 427 7677 DEFINED 01 02 1240 0 6437 D PEPSICO INCORPORATED COM 713448108 67316 1139403 DEFINED 01 02 03 1133315 0 6088 D PFIZER INCORPORATED COM 717081103 10359 444229 DEFINED 01 02 03 437110 0 7119 D PIEDMONT NATURAL GAS COM 720186105 1034 42780 DEFINED 01 02 03 42780 0 0 D PLUM CREEK TIMBER * COM 729251108 20217 560810 DEFINED 01 03 560810 0 0 D PROCTER & GAMBLE COMPANY COM 742718109 18841 325518 DEFINED 01 02 03 314109 0 11409 D PROGRESS ENERGY INC COM 743263105 286 6519 DEFINED 01 02 6519 0 0 D PRUDENTIAL FINANCIAL INC COM 744320102 714 9759 DEFINED 01 02 9759 0 0 D PULTE HOMES INC COM 745867101 1798 45678 DEFINED 01 50 0 45628 D RALCORP HOLDINGS INC NEW COM 751028101 1053 26386 DEFINED 01 02 206 0 26180 D RAYONIER INC * COM 754907103 33874 850049 DEFINED 01 03 850049 0 0 D REGIONS FINANCIAL COM 7591EP100 374 10939 DEFINED 01 02 10339 0 600 D REPUBLIC SVCS INC COM 760759100 268 7146 DEFINED 01 1 0 7145 D RESMED INC COM 761152107 1402 36594 DEFINED 01 0 0 36594 D ROCKWELL AUTOMATION INC COM 773903109 1087 18372 DEFINED 01 02 18372 0 0 D ROCKWELL COLLINS INC DE COM 774341101 960 20668 DEFINED 01 02 20668 0 0 D ROYAL DUTCH SHELL PLC COM 780259206 2601 42302 DEFINED 01 02 03 41302 0 1000 D RYDEX ETF TR S&P 500 * COM 78355W106 305 1838 DEFINED 01 0 0 1838 D SLM CORP COM 78442P106 565 10251 DEFINED 01 02 250 0 10001 D STANDARD & POORS * COM 78462F103 6977 56034 DEFINED 01 03 56034 0 0 D SARA LEE CORP COM 803111103 332 17547 DEFINED 01 02 03 17547 0 0 D SCANA CORP NEW COM 80589M102 1273 32319 DEFINED 01 02 03 32319 0 0 D SCHERING PLOUGH CORP COM 806605101 651 31246 DEFINED 01 02 27846 0 3400 D SCHLUMBERGER LTD COM 806857108 246 2533 DEFINED 01 02 2533 0 0 D SCOTTS MIRACLE-GRO CO COM 810186106 3891 86008 DEFINED 01 02 03 85850 0 158 D SCRIPPS E W CO CL A NEW COM 811054204 3548 73885 DEFINED 01 02 72485 0 1400 D SECTOR SPDR TR SHS BEN * COM 81369Y100 486 16054 DEFINED 01 03 14289 0 1765 D SECTOR SPDR TR SHS BEN * COM 81369Y209 4490 141560 DEFINED 01 02 03 137270 0 4290 D SECTOR SPDR TR SHS BEN * COM 81369Y308 73069 3137362 DEFINED 01 02 03 3136492 0 870 D SECTOR SPDR TR SBI * COM 81369Y407 94931 2907523 DEFINED 01 02 03 2905408 0 2115 D SECTOR SPDR TR SBI * COM 81369Y506 118492 2355228 DEFINED 01 02 03 2355228 0 0 D SECTOR SPDR TR SBI * COM 81369Y605 277537 8763404 DEFINED 01 02 03 8759089 0 4315 D SECTOR SPDR TR SBI * COM 81369Y704 185040 5889232 DEFINED 01 02 03 5888897 0 335 D SECTOR SPDR TR SBI * COM 81369Y803 211234 10106891 DEFINED 01 02 03 10102211 0 4680 D SECTOR SPDR TR SBI * COM 81369Y886 939 29900 DEFINED 01 02 24010 0 5890 D SIGMA ALDRICH CORP COM 826552101 19611 309855 DEFINED 01 02 03 309855 0 0 D SMITH & NEPHEW PLC NEW COM 83175M205 11247 242659 DEFINED 01 02 242659 0 0 D SNAP ON INC COM 833034101 19827 527872 DEFINED 01 02 03 527872 0 0 D SONIC CORP COM 835451105 2859 96909 DEFINED 03 96909 0 0 D SOUTH JERSEY IND INC COM 838518108 1031 35384 DEFINED 01 02 03 35384 0 0 D SOUTHERN COMPANY COM 842587107 16714 484046 DEFINED 01 02 03 484046 0 0 D SPRINT NEXTEL CORP COM 852061100 497 21264 DEFINED 01 02 11940 0 9324 D STAPLES INC COM 855030102 308 13551 DEFINED 01 02 1899 0 11652 D STARBUCKS CORPORATION COM 855244109 262 8728 DEFINED 01 02 3318 0 5410 D STATE STREET CORP COM 857477103 1305 23537 DEFINED 01 02 03 23537 0 0 D STREETTRACKS GOLD TRUST COM 863307104 445 8632 DEFINED 03 8632 0 0 D STREETTRACKS DOW JONES * COM 86330E604 7259 107537 DEFINED 01 03 107537 0 0 D STRYKER CORP COM 863667101 1485 33429 DEFINED 01 02 4800 0 28629 D SUN MICROSYSTEMS INC COM 866810104 60 14356 DEFINED 01 02 14356 0 0 D SYSCO CORPORATION COM 871829107 2638 84951 DEFINED 01 02 03 76479 0 8472 D TCF FINANCIAL CORP COM 872275102 46396 1709515 DEFINED 01 02 03 1709515 0 0 D TXU CORP COM 873168108 340 6767 DEFINED 01 02 6767 0 0 D TARGET CORP COM 87612E106 16904 307521 DEFINED 01 02 03 300399 0 7122 D TEXAS INSTRUMENTS INC COM 882508104 546 17011 DEFINED 01 02 12083 0 4928 D 3M COMPANY COM 88579Y101 5283 68165 DEFINED 01 02 03 63866 0 4299 D TIME WARNER INC NEW COM 887317105 199 11427 DEFINED 01 02 03 8447 0 2980 D TRANSCANADA CORP COM 89353D107 346 11000 DEFINED 01 02 11000 0 0 D TRIBUNE CO NEW 10/83 COM 896047107 2116 69934 DEFINED 01 02 62084 0 7850 D TYCO INTERNATIONAL COM 902124106 205 7093 DEFINED 01 02 03 6293 0 800 D U S BANCORP DE NEW COM 902973304 1204 40294 DEFINED 01 02 33858 0 6436 D UNION PACIFIC CORP COM 907818108 590 7327 DEFINED 01 02 7327 0 0 D UNITED TECHNOLOGIES CORP COM 913017109 3733 66768 DEFINED 01 02 03 58381 0 8387 D VALERO LP COM 91913W104 465 8992 DEFINED 01 02 8892 0 100 D VALUECLICK INC COM 92046N102 256 14124 DEFINED 01 0 0 14124 D VANGUARD SECTOR INDEX COM 92204A108 682 12961 DEFINED 03 12961 0 0 D VANGUARD SECTOR INDEX COM 92204A207 1438 25718 DEFINED 03 25718 0 0 D VANGUARD SECTOR INDEX COM 92204A306 781 10814 DEFINED 03 10814 0 0 D VANGUARD SECTOR INDEX COM 92204A405 6358 113507 DEFINED 03 113507 0 0 D VANGUARD SECTOR INDEX COM 92204A603 2112 36757 DEFINED 03 36757 0 0 D VANGUARD SECTOR INDEX FD COM 92204A702 1439 29752 DEFINED 03 29752 0 0 D VARIAN MEDICAL SYSTEMS COM 92220P105 5862 116451 DEFINED 01 02 116451 0 0 D VECTREN CORP COM 92240G101 20742 763709 DEFINED 01 02 03 763709 0 0 D VANGUARD INDEX FUNDS * COM 922908553 660 11086 DEFINED 01 03 11086 0 0 D VERIZON COMMUNICATIONS COM 92343V104 1360 45144 DEFINED 01 02 03 40414 0 4730 D VIACOM INC CLASS B COM 925524308 212 6503 DEFINED 01 02 03 6003 0 500 D W P CAREY & CO LLC COM 92930Y107 205 8085 DEFINED 01 02 8085 0 0 D WPS RESOURCES CORP COM 92931B106 351 6348 DEFINED 01 02 6348 0 0 D WACHOVIA CORP NEW COM 929903102 3774 71391 DEFINED 01 02 63416 0 7975 D WAL-MART STORES INC COM 931142103 45096 963592 DEFINED 01 02 03 963142 0 450 D WALGREEN COMPANY COM 931422109 6690 151147 DEFINED 01 02 107744 0 43403 D WASHINGTON MUTUAL INC COM 939322103 225 5163 DEFINED 01 02 4963 0 200 D WASHINGTON POST COMPANY COM 939640108 200 263 DEFINED 01 02 263 0 0 D WATERS CORP COM 941848103 14728 389617 DEFINED 02 03 389617 0 0 D WEIGHT WATCHERS INTL INC COM 948626106 11164 225864 DEFINED 02 225864 0 0 D WELLPOINT INC COM 94973V107 481 6027 DEFINED 01 1 0 6026 D WELLS FARGO & CO NEW COM 949746101 45180 719086 DEFINED 01 02 03 710705 0 8381 D WESCO FINANCIAL CORP COM 950817106 4278 11112 DEFINED 01 03 11112 0 0 D WESTAMERICA COM 957090103 25096 472881 DEFINED 01 02 03 472881 0 0 D WESTWOOD ONE INC COM 961815107 213 13081 DEFINED 01 02 13081 0 0 D WHOLE FOODS MARKET INC COM 966837106 218 2817 DEFINED 01 02 1201 0 1616 D WILEY JOHN & SONS CL A COM 968223206 3314 84877 DEFINED 01 03 84877 0 0 D WISCONSIN ENERGY CORP COM 976657106 273 6982 DEFINED 01 02 6982 0 0 D WYETH COM 983024100 2547 55279 DEFINED 01 02 55279 0 0 D XCEL ENERGY INC COM 98389B100 483 26150 DEFINED 01 02 22472 0 3678 D ZIMMER HOLDINGS INC COM 98956P102 880 13057 DEFINED 01 02 8560 0 4497 D COOPER INDUSTRIES LTD COM G24182100 212 2905 DEFINED 01 02 2905 0 0 D INGERSOLL RAND COMPANY COM G4776G101 23348 578340 DEFINED 01 02 03 578340 0 0 D MONTPELIER RE HOLDINGS COM G62185106 11713 619756 DEFINED 01 03 619756 0 0 D NABORS INDUSTRIES LTD COM G6359F103 493 6502 DEFINED 01 0 0 6502 D STEWART W P & CO LTD COM G84922106 26353 1118070 DEFINED 01 02 03 1118070 0 0 D WHITE MOUNTAINS COM G9618E107 20789 37219 DEFINED 01 02 03 37219 0 0 D WILLIS GROUP HLDGS LTD COM G96655108 33416 904591 DEFINED 01 02 03 904591 0 0 S REPORT SUMMARY 345 DATA RECORDS 5092105 3 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED