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 693 12,270 SH   SOLE   8,850 0 3,420
ACE LIMITED Common G0070K103 7,166 69,100 SH   SOLE   58,440 0 10,660
AFLAC INC. Common 001055102 7,608 122,223 SH   SOLE   102,398 0 19,825
APACHE CORP Common 037411105 6,171 61,325 SH   SOLE   48,625 0 12,700
APPLE COMPUTER INC. Common 037833100 10,242 110,215 SH   SOLE   91,065 0 19,150
BALL CORPORATION Common 058498106 174 2,770 SH   SOLE   2,680 0 90
BANCORPSOUTH INC Common 059692103 270 11,000 SH   SOLE   11,000 0 0
BECTON DICKINSON & CO Common 075887109 7,751 65,520 SH   SOLE   54,870 0 10,650
BECTON DICKINSON & CO Common 075887109 71 600 SH   OTR   0 0 600
BED BATH & BEYOND INC. Common 075896100 6,135 106,925 SH   SOLE   87,600 0 19,325
C S X CORPORATION Common 126408103 7,499 243,400 SH   SOLE   196,925 0 46,475
CHEVRON CORP Common 166764100 342 2,616 SH   SOLE   2,316 0 300
COACH INC Common 189754104 4,311 126,100 SH   SOLE   104,300 0 21,800
COACH INC Common 189754104 51 1,500 SH   OTR   0 0 1,500
CROWN HOLDINGS INC. Common 228368106 591 11,880 SH   SOLE   7,270 0 4,610
DARDEN RESTAURANTS Common 237194105 5,289 114,300 SH   SOLE   93,800 0 20,500
DIAMOND OFFSHORE DRILLING Common 25271C102 3,315 66,800 SH   SOLE   54,100 0 12,700
DIAMOND OFFSHORE DRILLING Common 25271C102 30 600 SH   OTR   0 0 600
DISCOVER FINANCIAL SVCS Common 254709108 6,899 111,305 SH   SOLE   93,425 0 17,880
DOW CHEMICAL Common 260543103 7,781 151,200 SH   SOLE   123,150 0 28,050
DOW CHEMICAL Common 260543103 77 1,500 SH   OTR   0 0 1,500
EMC CORP Common 268648102 626 23,775 SH   SOLE   14,125 0 9,650
EMERSON ELECTRIC CO Common 291011104 1,020 15,376 SH   SOLE   13,196 0 2,180
EVEREST RE GROUP LTD Common G3223R108 680 4,235 SH   SOLE   3,600 0 635
EXPEDITORS INTL OF WASHINGTON INC Common 302130109 5,426 122,875 SH   SOLE   107,300 0 15,575
EXXON MOBIL CORPORATION Common 30231G102 527 5,233 SH   SOLE   3,333 0 1,900
FLUOR CORP Common 343412102 495 6,435 SH   SOLE   4,560 0 1,875
FORD MOTOR CO Common 345370860 4,124 239,200 SH   SOLE   201,700 0 37,500
FRANKLIN STREET PPTYS CORP Common 35471R106 132 10,500 SH   SOLE   10,500 0 0
GLAXOSMITHKLINE PLC SP ADR Common 37733W105 3,444 64,400 SH   SOLE   53,900 0 10,500
HEWLETT-PACKARD CO Common 428236103 8,476 251,675 SH   SOLE   202,850 0 48,825
HONDA MOTOR CO LTD ADR Common 438128308 3,570 102,030 SH   SOLE   80,100 0 21,930
HONEYWELL INT'L INC. Common 438516106 832 8,950 SH   SOLE   7,850 0 1,100
INTERNATIONAL PAPER CO. Common 460146103 3,249 64,375 SH   SOLE   54,510 0 9,865
JACOBS ENGINEERING GRP Common 469814107 6,465 121,345 SH   SOLE   100,775 0 20,570
JACOBS ENGINEERING GRP Common 469814107 59 1,100 SH   OTR   0 0 1,100
JOHNSON & JOHNSON INC Common 478160104 408 3,900 SH   SOLE   3,400 0 500
JOHNSON CONTROLS INC Common 478366107 7,350 147,215 SH   SOLE   125,700 0 21,515
JOHNSON CONTROLS INC Common 478366107 50 1,000 SH   OTR   0 0 1,000
LOWE'S COS INC. Common 548661107 1,143 23,810 SH   SOLE   20,350 0 3,460
MACYS INC Common 55616P104 1,273 21,935 SH   SOLE   19,800 0 2,135
MARSH & MCLENNAN CO INC Common 571748102 6,313 121,825 SH   SOLE   102,450 0 19,375
MCDONALD'S CORP Common 580135101 469 4,655 SH   SOLE   4,600 0 55
MERCK & CO INC Common 589331107 1,071 18,520 SH   SOLE   16,700 0 1,820
MICROSOFT CORP Common 594918104 9,224 221,200 SH   SOLE   185,500 0 35,700
MICROSOFT CORP Common 594918104 63 1,500 SH   OTR   0 0 1,500
NEWMONT MINING CORP Common 651639106 784 30,800 SH   SOLE   18,300 0 12,500
NOVARTIS AG-ADR Common 66987V109 4,593 50,730 SH   SOLE   43,370 0 7,360
NOVARTIS AG-ADR Common 66987V109 72 800 SH   OTR   0 0 800
PARTNERRE LTD-BMD Common G6852T105 516 4,725 SH   SOLE   4,125 0 600
PEPSICO INC Common 713448108 474 5,300 SH   SOLE   3,400 0 1,900
PPG INDUSTRIES INC Common 693506107 953 4,535 SH   SOLE   3,625 0 910
PROCTER & GAMBLE CO Common 742718109 283 3,600 SH   SOLE   2,800 0 800
QUALCOMM INC Common 747525103 685 8,650 SH   SOLE   6,475 0 2,175
ROCK TENN CO. CL A Common 772739207 2,996 28,375 SH   SOLE   24,175 0 4,200
SANOFI ADR Common 80105N105 5,046 94,895 SH   SOLE   82,120 0 12,775
ST JUDE MEDICAL INC. Common 790849103 855 12,350 SH   SOLE   10,750 0 1,600
TARGET CORP Common 87612E106 890 15,360 SH   SOLE   12,935 0 2,425
TEREX CORP Common 880779103 6,431 156,476 SH   SOLE   129,435 0 27,041
TOYOTA MOTOR CORP ADR Common 892331307 6,466 54,035 SH   SOLE   46,800 0 7,235
UNITED PARCEL SERVICE-CL B Common 911312106 7,619 74,215 SH   SOLE   61,050 0 13,165
UNITED PARCEL SERVICE-CL B Common 911312106 82 800 SH   OTR   0 0 800
URS CORP Common 903236107 1,988 43,350 SH   SOLE   26,600 0 16,750
URS CORP Common 903236107 46 1,000 SH   OTR   0 0 1,000
VERIZON COMMUNICATIONS Common 92343V104 298 6,100 SH   SOLE   4,000 0 2,100
VISA INC CL A Common 92826C839 933 4,430 SH   SOLE   3,895 0 535
WHIRLPOOL CORP Common 963320106 1,667 11,975 SH   SOLE   9,575 0 2,400