#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Microsoft Corp	MSFT	100,705	$42.4M	6.52%
2	J P Morgan Chase & Co	VYLD	200,963	$40.3M	6.19%
3	Apple Computer, Inc.	AAPL	188,910	$32.4M	4.98%
4	Home Depot, Inc.	HD	83,247	$31.9M	4.91%
5	Stryker Corp.	SYK	80,608	$28.8M	4.44%
6	American Express	AXP	126,484	$28.8M	4.43%
7	Johnson & Johnson	JNJ	180,050	$28.5M	4.38%
8	Procter & Gamble Co	742718109	160,544	$26.0M	4.01%
9	Automatic Data Processing	ADP	101,328	$25.3M	3.89%
10	Broadcom Ltd.	AVGO	18,755	$24.9M	3.82%
11	Coca Cola Co	KO	385,429	$23.6M	3.63%
12	Honeywell, Inc.	438516106	112,912	$23.2M	3.56%
13	Abbott Laboratories	ABLZF	189,877	$21.6M	3.32%
14	Walt Disney Company	254687106	162,978	$19.9M	3.07%
15	Texas Instruments	882508104	107,734	$18.8M	2.89%
16	UnitedHealth Group, Inc.	UNH	37,934	$18.8M	2.89%
17	Eastman Chemical Co.	EMN	184,613	$18.5M	2.85%
18	Eaton Corp.	ETN	58,881	$18.4M	2.83%
19	Cisco Systems, Inc.	CSCO	362,800	$18.1M	2.78%
20	Mondelez Intl, Inc.	609207105	246,584	$17.3M	2.65%