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
ABBVIE INC Common 00287Y109 1,752 34,095 SH   SOLE   25,850 0 8,245
ACE LIMITED Common G0070K103 7,122 71,900 SH   SOLE   60,040 0 11,860
AFLAC INC. Common 001055102 8,625 136,813 SH   SOLE   112,888 0 23,925
APACHE CORP Common 037411105 6,157 74,225 SH   SOLE   59,525 0 14,700
APPLE COMPUTER INC. Common 037833100 9,691 18,055 SH   SOLE   14,485 0 3,570
BANCORPSOUTH INC Common 059692103 275 11,000 SH   SOLE   11,000 0 0
BECTON DICKINSON & CO Common 075887109 8,690 74,220 SH   SOLE   60,670 0 13,550
BECTON DICKINSON & CO Common 075887109 70 600 SH   OTR   0 0 600
BED BATH & BEYOND INC. Common 075896100 7,863 114,290 SH   SOLE   90,100 0 24,190
C S X CORPORATION Common 126408103 9,177 316,780 SH   SOLE   267,405 0 49,375
CHEVRON CORP Common 166764100 519 4,366 SH   SOLE   3,066 0 1,300
CLOROX COMPANY Common 189054109 348 3,950 SH   SOLE   3,650 0 300
COACH INC Common 189754104 6,486 130,600 SH   SOLE   104,700 0 25,900
COACH INC Common 189754104 74 1,500 SH   OTR   0 0 1,500
DARDEN RESTAURANTS Common 237194105 7,162 141,100 SH   SOLE   116,500 0 24,600
DIAMOND OFFSHORE DRILLING Common 25271C102 3,876 79,500 SH   SOLE   66,800 0 12,700
DIAMOND OFFSHORE DRILLING Common 25271C102 29 600 SH   OTR   0 0 600
DISCOVER FINANCIAL SVCS Common 254709108 5,680 97,605 SH   SOLE   78,425 0 19,180
DOW CHEMICAL Common 260543103 9,094 187,150 SH   SOLE   154,500 0 32,650
DOW CHEMICAL Common 260543103 73 1,500 SH   OTR   0 0 1,500
EMC CORP Common 268648102 6,249 227,975 SH   SOLE   184,725 0 43,250
EMC CORP Common 268648102 41 1,500 SH   OTR   0 0 1,500
EMERSON ELECTRIC CO Common 291011104 1,388 20,776 SH   SOLE   14,040 0 6,736
EMERSON ELECTRIC CO Common 291011104 94 1,400 SH   OTR   0 0 1,400
EVEREST RE GROUP LTD Common G3223R108 1,100 7,185 SH   SOLE   4,450 0 2,735
EXPEDITORS INTL WASHINGTON INC Common 302130109 4,640 117,075 SH   SOLE   98,700 0 18,375
EXXON MOBIL CORPORATION Common 30231G102 548 5,608 SH   SOLE   1,400 0 4,208
FORD MOTOR CO Common 345370860 3,747 240,200 SH   SOLE   192,100 0 48,100
FRANKLIN STREET PPTYS CORP Common 35471R106 132 10,500 SH   SOLE   10,500 0 0
HEWLETT-PACKARD CO Common 428236103 9,350 288,925 SH   SOLE   230,100 0 58,825
HONDA MOTOR CO LTD ADR Common 438128308 5,029 142,305 SH   SOLE   111,375 0 30,930
HONEYWELL INT'L INC. Common 438516106 951 10,250 SH   SOLE   8,150 0 2,100
JACOBS ENGINEERING GRP Common 469814107 8,934 140,695 SH   SOLE   116,325 0 24,370
JACOBS ENGINEERING GRP Common 469814107 70 1,100 SH   OTR   0 0 1,100
JOHNSON & JOHNSON INC Common 478160104 432 4,400 SH   SOLE   0 0 4,400
JOHNSON CONTROLS INC Common 478366107 6,607 139,615 SH   SOLE   112,300 0 27,315
JOHNSON CONTROLS INC Common 478366107 47 1,000 SH   OTR   0 0 1,000
LOWE'S COS INC. Common 548661107 1,458 29,810 SH   SOLE   18,850 0 10,960
MACYS INC Common 55616P104 2,056 34,685 SH   SOLE   25,650 0 9,035
MARRIOTT INTL INC Common 571903202 504 9,000 SH   SOLE   6,300 0 2,700
MARSH & MCLENNAN CO INC Common 571748102 6,164 125,025 SH   SOLE   99,550 0 25,475
MCDONALD'S CORP Common 580135101 667 6,805 SH   SOLE   6,300 0 505
MERCK & CO INC Common 589331107 1,579 27,820 SH   SOLE   24,500 0 3,320
MICROSOFT CORP Common 594918104 9,727 237,300 SH   SOLE   192,600 0 44,700
MICROSOFT CORP Common 594918104 61 1,500 SH   OTR   0 0 1,500
MUELLER WATER PRODUCTS INC-A Common 624758108 114 12,000 SH   SOLE   0 0 12,000
NEWMONT MINING CORP Common 651639106 980 41,800 SH   SOLE   29,300 0 12,500
NORFOLK SOUTHERN CORP Common 655844108 360 3,700 SH   SOLE   0 0 3,700
PARTNERRE LTD-BMD Common G6852T105 737 7,125 SH   SOLE   3,725 0 3,400
PEPSICO INC Common 713448108 668 8,000 SH   SOLE   5,600 0 2,400
PPG INDUSTRIES INC Common 693506107 428 2,210 SH   SOLE   1,150 0 1,060
PROCTER & GAMBLE CO Common 742718109 290 3,600 SH   SOLE   1,300 0 2,300
QUALCOMM INC Common 747525103 722 9,150 SH   SOLE   6,625 0 2,525
ST JUDE MEDICAL INC. Common 790849103 1,239 18,950 SH   SOLE   14,750 0 4,200
TARGET CORP Common 87612E106 1,291 21,330 SH   SOLE   13,335 0 7,995
TEREX CORP Common 880779103 8,755 197,641 SH   SOLE   162,100 0 35,541
TOYOTA MOTOR CORP ADR Common 892331307 6,236 55,235 SH   SOLE   45,500 0 9,735
UNITED PARCEL SERVICE-CL B Common 911312106 7,188 73,815 SH   SOLE   59,450 0 14,365
UNITED PARCEL SERVICE-CL B Common 911312106 78 800 SH   OTR   0 0 800
URS CORP Common 903236107 4,002 85,050 SH   SOLE   67,300 0 17,750
URS CORP Common 903236107 47 1,000 SH   OTR   0 0 1,000
VERIZON COMMUNICATIONS Common 92343V104 290 6,100 SH   SOLE   1,000 0 5,100
VISA INC CL A Common 92826C839 1,097 5,080 SH   SOLE   3,245 0 1,835
WALGREEN CO Common 931422109 231 3,500 SH   SOLE   0 0 3,500
WHIRLPOOL CORP Common 963320106 7,258 48,560 SH   SOLE   37,475 0 11,085