-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EMv4Wal64xCcFtzOlezFVdPlDw/flCJXpZQ9Qj4Afiv5FQXFvjntaomVfiNPK6uD Qjl8scNl2HR6f4LdFYXDeQ== 0001278249-09-000002.txt : 20090206 0001278249-09-000002.hdr.sgml : 20090206 20090206110954 ACCESSION NUMBER: 0001278249-09-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090206 DATE AS OF CHANGE: 20090206 EFFECTIVENESS DATE: 20090206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 09575209 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR 1 sec13f123108final.txt 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, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 200 Barr Harbor Drive Suite 222 West Conshohocken, PA 19428 13F File Number: The institutional investment manager filing this report and the person by whom 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, West Conshohocken, PA February 6, 2009 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 195 Form 13f Information Table Value Total: $387,466,516 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 12/31/08 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 3,655,848 63,536 X X 53,236 0 10,300 A T & T INC (NEW) COMMON 00206R102 8,258,415 289,769 X X 218,040 0 71,729 ABBOTT LABS COMMON 002824100 3,452,185 64,684 X X 49,424 0 15,260 ACCENTURE LTD CL A COMMON G1150G111 5,963,812 181,879 X X 108,779 0 73,100 ADOBE SYS INC COMMON 00724F101 3,009,874 141,375 X X 90,875 0 50,500 AIM INVT SECS FDS INC MUTUAL 00142C805 52,362 18,118 X 18,118 0 0 AIR PRODS & CHEMS INC COMMON 009158106 3,200,339 63,663 X X 58,663 0 5,000 ALCOA INC COMMON 013817101 580,903 51,590 X X 49,540 0 2,050 ALLETE INC NEW COMMON 018522300 257,999 7,995 X X 7,895 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 312,890 15,050 X X 14,300 0 750 ALTRIA GROUP INC COMMON 02209S103 919,021 61,024 X X 17,665 0 43,359 AMERICAN EXPRESS CO. COMMON 025816109 498,791 26,889 X X 16,412 0 10,477 AMERICAN INTL GROUP I COMMON 026874107 45,805 29,175 X 28,875 0 300 AMGEN INC COMMON 031162100 1,233,020 21,351 X 17,630 0 3,721 ANADARKO PETROLEUM COMMON 032511107 904,267 23,457 X 19,257 0 4,200 APACHE CORP COMMON 037411105 1,010,925 13,564 X 8,059 0 5,505 APHTON CORP COMMON 03759P101 14 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 610,509 7,153 X 6,942 0 211 AQUA AMERICA INC COMMON 03836W103 595,689 28,931 X 23,843 0 5,088 AUTOMATIC DATA PROCES COMMON 053015103 6,088,779 154,773 X X 97,448 0 57,325 BANK OF AMERICA CORP COMMON 060505104 1,178,509 83,701 X X 73,451 0 10,250 BANK OF NEW YORK MELL COMMON 064058100 269,588 9,516 X 8,663 0 853 BAXTER INTERNATIONAL COMMON 071813109 1,085,305 20,252 X 19,752 0 500 BECKMAN COULTER INC COMMON 075811109 532,773 12,125 X 12,125 0 0 BECTON DICKINSON & CO COMMON 075887109 239,023 3,495 X X 995 0 2,500 BERKSHIRE HATHAWAY IN COMMON 084670108 289,800 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 633,158 197 X 177 0 20 BEST BUY INC COMMON 086516101 1,961,628 69,784 X X 47,734 0 22,050 BJ SERVICES COMMON 055482103 131,871 11,300 X 10,950 0 350 BLACKROCK INSD MUN TE MUTUAL 092474105 172,720 17,000 X 12,000 0 5,000 BLAIR WILLIAM MUT FDS MUTUAL 093001154 95,905 12,821 X 12,821 0 0 BOEING CO. COMMON 097023105 538,142 12,612 X X 5,151 0 7,461 BP PLC ADR COMMON 055622104 2,650,251 56,702 X X 52,570 0 4,132 BRIDGEWAY FD INC ULTR MUTUAL 108747403 115,525 11,996 X 11,996 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 1,034,625 44,500 X X 40,500 0 4,000 BRYN MAWR BANK CORP COMMON 117665109 264,516 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,853,608 24,483 X X 19,505 0 4,978 CAMPBELL SOUP CO COMMON 134429109 528,176 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 2,256,458 92,782 X X 68,557 0 24,225 CATERPILLAR INC COMMON 149123101 1,786,800 40,000 X X 26,580 0 13,420 CHESAPEAKE ENERGY COR COMMON 165167107 761,526 47,095 X 36,845 0 10,250 CHEVRONTEXACO CORP COMMON 166764100 5,687,916 76,895 X X 58,487 0 18,408 CHUBB CORP COMMON 171232101 265,200 5,200 X X 2,100 0 3,100 CIGNA CORP COMMON 125509109 171,314 10,167 X 450 0 9,717 CISCO SYSTEMS INC COMMON 17275R102 6,100,389 374,257 X X 221,247 0 153,010 CITIGROUP INC COMMON 172967101 247,592 36,899 X 36,899 0 0 COCA COLA CO. COMMON 191216100 2,190,163 48,380 X X 24,966 0 23,414 COLGATE PALMOLIVE CO COMMON 194162103 5,425,888 79,164 X X 38,208 0 40,956 COMCAST CORP NEW A SP COMMON 20030N200 243,962 15,106 X X 12,206 0 2,900 CONCURRENT COMPUTER C COMMON 206710402 37,213 10,945 X X 10,876 0 69 CONOCOPHILLIPS COMMON 20825C104 2,695,879 52,044 X X 33,999 0 18,045 CONSOLIDATED EDISON I COMMON 209115104 212,052 5,447 X X 3,141 0 2,306 CORNING INC COMMON 219350105 511,580 53,681 X 48,481 0 5,200 COSTCO WHOLESALE COMMON 22160K105 944,433 17,989 X X 8,160 0 9,829 COVANCE INC COMMON 222816100 877,240 19,058 X X 14,908 0 4,150 CVS CORP COMMON 126650100 6,577,740 228,871 X X 136,161 0 92,710 DAKTRONICS INC COM COMMON 234264109 113,256 12,100 X 11,700 0 400 DENTSPLY INTL INC NEW COMMON 249030107 4,799,027 169,937 X X 70,276 0 99,661 DEVON ENERGY CORP NEW COMMON 25179M103 4,656,736 70,868 X X 44,903 0 25,965 DFA INVT DIMENSIONS G MUTUAL 233203439 287,147 28,374 X 28,374 0 0 DFA INVT DIMENSIONS G MUTUAL 233203561 107,600 11,047 X 11,047 0 0 DISNEY WALT COMPANY COMMON 254687106 978,347 43,118 X X 37,856 0 5,262 DOMINION RES INC VA N COMMON 25746U109 1,351,956 37,722 X X 30,322 0 7,400 DU PONT E I DE NEMOUR COMMON 263534109 1,546,463 61,125 X X 44,775 0 16,350 DUKE ENERGY CORP COMMON 26441C105 932,811 62,146 X X 47,650 0 14,496 E M C CORP MASS COMMON 268648102 3,160,129 301,827 X X 224,627 0 77,200 EATON VANCE MUNS TR T MUTUAL 27826L330 95,119 13,156 X 13,156 0 0 ECOLAB INC COMMON 278865100 424,436 12,075 X 8,075 0 4,000 EMERSON ELECTRIC CO COMMON 291011104 1,896,691 51,808 X X 37,411 0 14,397 ENCANA CORP COMMON 292505104 254,524 5,476 X 0 0 5,476 ENTERPRISE PRODS PART COMMON 293792107 1,084,006 52,292 X X 22,750 0 29,542 EQUITABLE RESOURCES I COMMON 294549100 284,236 8,472 X 0 0 8,472 EXXON MOBIL COMMON 30231G102 31,140,261 390,082 X X 294,767 0 95,315 FEDERATED GOVT INCOME MUTUAL 313912107 127,329 14,371 X 14,371 0 0 FEDERATED SHRINTR DUR MUTUAL 313907107 334,772 34,336 X 34,336 0 0 FEDEX CORP COMMON 31428X106 5,631,814 87,791 X X 57,429 0 30,362 FORTUNE BRANDS INC COMMON 349631101 277,649 6,726 X 6,726 0 0 FORTUNET INC COMMON 34969Q100 19,665 11,500 X 11,500 0 0 FPL GROUP INC COMMON 302571104 1,366,963 27,160 X X 23,560 0 3,600 FRANKLIN INVS SECS TR MUTUAL 353612302 101,243 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 4,886,220 76,611 X X 41,245 0 35,366 FRANKLIN TAX FREE TR MUTUAL 354723801 286,161 31,037 X 31,037 0 0 GAMESTOP CORP NEW CL COMMON 36467W109 1,986,547 91,715 X X 56,340 0 35,375 GENENTECH INC NEW COMMON 368710406 401,284 4,840 X 1,940 0 2,900 GENERAL ELECTRIC CO COMMON 369604103 12,203,968 753,331 X X 526,313 0 227,018 GENERAL MILLS INC COMMON 370334104 1,049,213 17,271 X 14,821 0 2,450 GENESEE & WYO INC CL COMMON 371559105 233,874 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 627,232 12,265 X 8,795 0 3,470 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,380,257 37,034 X X 28,560 0 8,474 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,714,375 131,875 X X 114,775 0 17,100 GOOGLE INC CL A COMMON 38259P508 1,772,372 5,761 X X 4,601 0 1,160 HALLIBURTON CO. COMMON 406216101 444,265 24,437 X 22,587 0 1,850 HCP INC COMMON 40414L109 229,769 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 782,080 20,800 X X 7,200 0 13,600 HELMERICH & PAYNE COMMON 423452101 631,995 27,780 X 7,005 0 20,775 HERSHEY FOODS CORP COMMON 427866108 695,981 20,034 X 13,500 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 953,894 26,285 X X 21,918 0 4,367 HOME DEPOT INC COMMON 437076102 724,768 31,484 X 29,494 0 1,990 HONEYWELL INTL INC COMMON 438516106 640,776 19,518 X 4,018 0 15,500 HSBC HLDGS PLC ADR SP COMMON 404280406 640,398 13,158 X 13,158 0 0 ILLINOIS TOOL WORKS I COMMON 452308109 5,130,198 146,368 X X 94,686 0 51,682 INGERSOLL-RAND COMPAN COMMON G4776G101 282,458 16,280 X 16,280 0 0 INT'L BUSINESS MACH. COMMON 459200101 5,216,227 61,980 X X 45,645 0 16,335 INTEL CORP COMMON 458140100 5,090,277 347,222 X X 232,290 0 114,932 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,633,575 33,176 X X 13,776 0 19,400 ITT CORP NEW COM COMMON 450911102 2,148,423 46,715 X X 27,530 0 19,185 J P MORGAN CHASE & CO COMMON 46625H100 1,691,017 53,632 X X 38,059 0 15,573 JOHNSON & JOHNSON COMMON 478160104 21,229,374 354,828 X X 255,381 0 99,447 JULIUS BAER INVT FDS MUTUAL 481370500 201,427 8,198 X 8,198 0 0 KELLOGG CO. COMMON 487836108 4,259,983 97,149 X X 49,593 0 47,556 KIMBERLY CLARK CORP COMMON 494368103 2,098,683 39,793 X 37,093 0 2,700 KINDER MORGAN EGY PTN COMMON 494550106 1,207,800 26,400 X X 10,300 0 16,100 KOHLS CORP COMMON 500255104 1,081,475 29,875 X 27,825 0 2,050 KRAFT FOODS INC CL A COMMON 50075N104 1,423,265 53,008 X X 24,078 0 28,930 LILLY, ELI AND COMPAN COMMON 532457108 297,555 7,389 X 6,010 0 1,379 LINCOLN NATL CORP COMMON 534187109 1,092,965 58,013 X X 19,036 0 38,977 LOWE'S COS INC COMMON 548661107 4,325,432 200,996 X X 141,331 0 59,665 L-3 COMMUNICATIONS HO COMMON 502424104 5,307,291 71,934 X X 34,509 0 37,425 MCDONALD'S CORP COMMON 580135101 4,555,996 73,259 X X 49,446 0 23,813 MEDCO HEALTH SOLUTION COMMON 58405U102 205,651 4,907 X 2,859 0 2,048 MEDTRONIC INC COMMON 585055106 4,438,388 141,260 X 100,460 0 40,800 MERCK & CO. INC COMMON 589331107 1,884,931 62,004 X X 43,051 0 18,954 MERITOR SVGS BK PA COMMON 590007100 55,000 22,000 X 0 0 22,000 METLIFE INC COMMON 59156R108 456,666 13,100 X X 10,900 0 2,200 MICROSOFT CORP COMMON 594918104 6,841,061 351,906 X X 226,027 0 125,879 MONSANTO CO. NEW COMMON 61166W101 202,678 2,881 X X 1,689 0 1,192 MORGAN STANLEY INSTL MUTUAL 61744J408 133,157 12,094 X 12,094 0 0 MOTOROLA INC COMMON 620076109 65,121 14,700 X X 9,600 0 5,100 NABORS INDUSTRIES COMMON G6359F103 377,055 31,500 X 25,000 0 6,500 NOBLE CORP COMMON G65422100 2,733,858 123,760 X X 76,935 0 46,825 NOBLE ENERGY COMMON 655044105 316,485 6,430 X 1,230 0 5,200 NOKIA CORP ADR COMMON 654902204 1,538,921 98,649 X 92,149 0 6,500 NORDSTROM INC COMMON 655664100 1,159,634 87,125 X X 60,375 0 26,750 NORFOLK SOUTHERN CORP COMMON 655844108 1,640,634 34,870 X X 28,720 0 6,150 NOVARTIS AG SPONSORED COMMON 66987V109 2,983,776 59,963 X 38,028 0 21,935 NUCOR CORP COMMON 670346105 1,499,190 32,450 X X 12,600 0 19,850 OCCIDENTAL PETE CORP COMMON 674599105 351,841 5,865 X 5,865 0 0 OMNICOM GROUP COMMON 681919106 3,087,186 114,680 X X 77,905 0 36,775 OPTIONSXPRESS HLDGS I COMMON 684010101 501,000 37,500 X 0 0 37,500 ORACLE SYS CORP COMMON 68389X105 4,697,652 264,955 X X 160,705 0 104,250 PENNSYLVANIA REIT COMMON 709102107 1,086,433 145,830 X X 99,724 0 46,106 PEPSICO INC COMMON 713448108 6,496,527 118,615 X X 83,067 0 35,548 PFIZER INC COMMON 717081103 4,981,239 281,267 X X 220,452 0 60,815 PHILIP MORRIS INTL IN COMMON 718172109 4,072,318 93,595 X X 50,236 0 43,359 PHOTOMEDEX INC COMMON 719358103 4,480 16,000 X 0 0 16,000 PIEDMONT NAT GAS INC COMMON 720186105 354,704 11,200 X 8,000 0 3,200 PNC FINANCIAL CORP COMMON 693475105 346,920 7,080 X 2,600 0 4,480 PPG INDUSTRIES INC COMMON 693506107 773,372 18,227 X X 16,290 0 1,937 PPL CORP COMMON 69351T106 938,746 30,588 X X 13,152 0 17,436 PRAXAIR INC COMMON 74005P104 1,722,924 29,025 X X 17,625 0 11,400 PROCTER & GAMBLE CO COMMON 742718109 9,685,648 156,675 X X 129,624 0 27,051 PROGRESS ENERGY INC C COMMON 743263105 602,731 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 198,875 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 115,875 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 296,601 10,168 X 8,548 0 1,620 RAYMOND JAMES FINANCI COMMON 754730109 2,934,078 171,283 X X 127,233 0 44,050 RAYTHEON CO NEW COMMON 755111507 1,311,218 25,690 X 25,440 0 250 ROHM & HAAS CO. COMMON 775371107 1,649,793 26,700 X 26,700 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 1,099,564 20,770 X X 17,470 0 3,300 SANDISK CORP COMMON 80004C101 496,560 51,725 X 44,875 0 6,850 SBM OFFSHORE NV COMMON N7752F148 474,154 36,486 X X 34,086 0 2,400 SCHERING PLOUGH CORP COMMON 806605101 296,084 17,386 X X 11,720 0 5,666 SCHLUMBERGER LTD COMMON 806857108 6,609,406 156,140 X X 94,730 0 61,410 SCHRODER SER TR ST MU MUTUAL 808090831 725,346 97,493 X 97,493 0 0 SEI INVTS CO. COMMON 784117103 4,782,988 304,455 X X 182,865 0 121,590 STAPLES INC COMMON 855030102 1,131,863 63,162 X X 37,097 0 26,065 STATE STREET CORP COMMON 857477103 1,279,327 32,528 X X 21,178 0 11,350 SUNTRUST BKS INC COMMON 867914103 323,286 10,944 X X 1,800 0 9,144 SUPERVALU INC COMMON 868536103 675,790 46,287 X X 1,755 0 44,532 SYSCO CORP COMMON 871829107 5,678,926 247,556 X X 155,506 0 92,050 TARGET CORP COMMON 87612E106 569,158 16,483 X X 7,133 0 9,350 TELEFONICA S A ADR COMMON 879382208 385,606 5,722 X X 130 0 5,592 TEVA PHARMACEUTICAL COMMON 881624209 7,315,560 171,848 X X 105,573 0 66,275 TEXAS INSTRUMENTS INC COMMON 882508104 919,079 59,219 X X 49,419 0 9,800 THERMO FISHER SCIENTI COMMON 883556102 1,129,046 33,139 X 33,139 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,734,999 41,794 X X 29,224 0 12,570 TRANSOCEAN LTD COMMON H8817H100 5,056,172 107,009 X X 66,865 0 40,144 U S TREAS MONEY FD AM MUTUAL 912818101 75,000 75,000 X 75,000 0 0 ULTRA PETROLEUM CORP COMMON 903914109 1,091,034 31,615 X 22,855 0 8,760 UNILEVER N V COMMON 904784709 342,031 13,932 X X 4,200 0 9,732 UNION PACIFIC CORP COMMON 907818108 453,909 9,496 X X 3,232 0 6,264 UNITED PARCEL SVC INC COMMON 911312106 669,808 12,143 X 11,825 0 318 UNITED TECHNOLOGIES C COMMON 913017109 2,314,677 43,184 X X 35,232 0 7,952 US BANCORP NEW COMMON 902973304 690,051 27,591 X X 20,700 0 6,891 V F CORP COMMON 918204108 418,991 7,650 X X 1,400 0 6,250 VANGUARD INTERM-TERM MUTUAL 922907878 288,209 22,694 X 0 0 22,694 VERIZON COMMUNICATION COMMON 92343V104 2,663,727 78,576 X X 51,640 0 26,936 VODAFONE GROUP PLC NE COMMON 92857W209 217,318 10,632 X 10,632 0 0 WACHOVIA CORP COMMON 929903102 145,680 26,296 X 12,602 0 13,694 WAL MART STORES INC COMMON 931142103 835,574 14,905 X X 12,005 0 2,900 WELLS FARGO & CO NEW COMMON 949746101 1,658,044 56,243 X X 32,693 0 23,550 WESTCORE TR MIDCO GRW MUTUAL 957904717 92,791 26,138 X 26,138 0 0 WEYERHAEUSER CO COMMON 962166104 258,655 8,450 X 4,200 0 4,250 WILLIS GROUP HOLDINGS COMMON G96655108 4,656,089 187,142 X X 112,017 0 75,125 WYETH COMMON 983024100 3,137,712 83,650 X X 55,050 0 28,600 XTO ENERGY INC COM COMMON 98385X106 280,996 7,967 X 5,842 0 2,125
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 12/31/08 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 3,655,848 63,536 62,336 1,200 A T & T INC (NEW) COMMON 00206R102 8,258,415 289,769 266,025 23,744 ABBOTT LABS COMMON 002824100 3,452,185 64,684 50,004 14,680 ACCENTURE LTD CL A COMMON G1150G111 5,963,812 181,879 173,179 8,700 ADOBE SYS INC COMMON 00724F101 3,009,874 141,375 140,575 800 AIM INVT SECS FDS INC MUTUAL 00142C805 52,362 18,118 18,118 AIR PRODS & CHEMS INC COMMON 009158106 3,200,339 63,663 62,963 700 ALCOA INC COMMON 013817101 580,903 51,590 50,390 1,200 ALLETE INC NEW COMMON 018522300 257,999 7,995 7,895 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 312,890 15,050 14,300 750 ALTRIA GROUP INC COMMON 02209S103 919,021 61,024 20,750 40,274 AMERICAN EXPRESS CO. COMMON 025816109 498,791 26,889 26,289 600 AMERICAN INTL GROUP I COMMON 026874107 45,805 29,175 29,175 AMGEN INC COMMON 031162100 1,233,020 21,351 21,351 ANADARKO PETROLEUM COMMON 032511107 904,267 23,457 23,457 APACHE CORP COMMON 037411105 1,010,925 13,564 13,564 APHTON CORP COMMON 03759P101 14 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 610,509 7,153 7,153 AQUA AMERICA INC COMMON 03836W103 595,689 28,931 28,931 AUTOMATIC DATA PROCES COMMON 053015103 6,088,779 154,773 148,223 6,550 BANK OF AMERICA CORP COMMON 060505104 1,178,509 83,701 78,561 5,140 BANK OF NEW YORK MELL COMMON 064058100 269,588 9,516 9,516 BAXTER INTERNATIONAL COMMON 071813109 1,085,305 20,252 20,252 BECKMAN COULTER INC COMMON 075811109 532,773 12,125 12,125 BECTON DICKINSON & CO COMMON 075887109 239,023 3,495 2,495 1,000 BERKSHIRE HATHAWAY IN COMMON 084670108 289,800 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 633,158 197 197 BEST BUY INC COMMON 086516101 1,961,628 69,784 68,284 1,500 BJ SERVICES COMMON 055482103 131,871 11,300 11,300 BLACKROCK INSD MUN TE MUTUAL 092474105 172,720 17,000 17,000 BLAIR WILLIAM MUT FDS MUTUAL 093001154 95,905 12,821 12,821 BOEING CO. COMMON 097023105 538,142 12,612 5,612 7,000 BP PLC ADR COMMON 055622104 2,650,251 56,702 54,446 2,256 BRIDGEWAY FD INC ULTR MUTUAL 108747403 115,525 11,996 11,996 BRISTOL MYERS SQUIBB COMMON 110122108 1,034,625 44,500 40,500 4,000 BRYN MAWR BANK CORP COMMON 117665109 264,516 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,853,608 24,483 21,283 3,200 CAMPBELL SOUP CO COMMON 134429109 528,176 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 2,256,458 92,782 89,482 3,300 CATERPILLAR INC COMMON 149123101 1,786,800 40,000 33,450 6,550 CHESAPEAKE ENERGY COR COMMON 165167107 761,526 47,095 47,095 CHEVRONTEXACO CORP COMMON 166764100 5,687,916 76,895 61,623 15,272 CHUBB CORP COMMON 171232101 265,200 5,200 2,800 2,400 CIGNA CORP COMMON 125509109 171,314 10,167 10,167 CISCO SYSTEMS INC COMMON 17275R102 6,100,389 374,257 341,407 32,850 CITIGROUP INC COMMON 172967101 247,592 36,899 36,899 COCA COLA CO. COMMON 191216100 2,190,163 48,380 28,380 20,000 COLGATE PALMOLIVE CO COMMON 194162103 5,425,888 79,164 77,364 1,800 COMCAST CORP NEW A SP COMMON 20030N200 243,962 15,106 13,156 1,950 CONCURRENT COMPUTER C COMMON 206710402 37,213 10,945 10,876 69 CONOCOPHILLIPS COMMON 20825C104 2,695,879 52,044 48,852 3,192 CONSOLIDATED EDISON I COMMON 209115104 212,052 5,447 3,141 2,306 CORNING INC COMMON 219350105 511,580 53,681 53,681 COSTCO WHOLESALE COMMON 22160K105 944,433 17,989 16,787 1,202 COVANCE INC COMMON 222816100 877,240 19,058 18,908 150 CVS CORP COMMON 126650100 6,577,740 228,871 225,571 3,300 DAKTRONICS INC COM COMMON 234264109 113,256 12,100 12,100 DENTSPLY INTL INC NEW COMMON 249030107 4,799,027 169,937 165,937 4,000 DEVON ENERGY CORP NEW COMMON 25179M103 4,656,736 70,868 64,718 6,150 DFA INVT DIMENSIONS G MUTUAL 233203439 287,147 28,374 28,374 DFA INVT DIMENSIONS G MUTUAL 233203561 107,600 11,047 11,047 DISNEY WALT COMPANY COMMON 254687106 978,347 43,118 41,518 1,600 DOMINION RES INC VA N COMMON 25746U109 1,351,956 37,722 30,922 6,800 DU PONT E I DE NEMOUR COMMON 263534109 1,546,463 61,125 50,775 10,350 DUKE ENERGY CORP COMMON 26441C105 932,811 62,146 48,650 13,496 E M C CORP MASS COMMON 268648102 3,160,129 301,827 300,527 1,300 EATON VANCE MUNS TR T MUTUAL 27826L330 95,119 13,156 13,156 ECOLAB INC COMMON 278865100 424,436 12,075 12,075 EMERSON ELECTRIC CO COMMON 291011104 1,896,691 51,808 45,908 5,900 ENCANA CORP COMMON 292505104 254,524 5,476 5,476 ENTERPRISE PRODS PART COMMON 293792107 1,084,006 52,292 50,092 2,200 EQUITABLE RESOURCES I COMMON 294549100 284,236 8,472 8,472 EXXON MOBIL COMMON 30231G102 31,140,261 390,082 360,197 29,885 FEDERATED GOVT INCOME MUTUAL 313912107 127,329 14,371 14,371 FEDERATED SHRINTR DUR MUTUAL 313907107 334,772 34,336 34,336 FEDEX CORP COMMON 31428X106 5,631,814 87,791 85,141 2,650 FORTUNE BRANDS INC COMMON 349631101 277,649 6,726 6,726 FORTUNET INC COMMON 34969Q100 19,665 11,500 11,500 FPL GROUP INC COMMON 302571104 1,366,963 27,160 25,160 2,000 FRANKLIN INVS SECS TR MUTUAL 353612302 101,243 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 4,886,220 76,611 76,311 300 FRANKLIN TAX FREE TR MUTUAL 354723801 286,161 31,037 31,037 GAMESTOP CORP NEW CL COMMON 36467W109 1,986,547 91,715 91,315 400 GENENTECH INC NEW COMMON 368710406 401,284 4,840 4,840 GENERAL ELECTRIC CO COMMON 369604103 12,203,968 753,331 707,080 46,251 GENERAL MILLS INC COMMON 370334104 1,049,213 17,271 17,271 GENESEE & WYO INC CL COMMON 371559105 233,874 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 627,232 12,265 12,265 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,380,257 37,034 35,634 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,714,375 131,875 130,775 1,100 GOOGLE INC CL A COMMON 38259P508 1,772,372 5,761 5,561 200 HALLIBURTON CO. COMMON 406216101 444,265 24,437 24,437 HCP INC COMMON 40414L109 229,769 8,274 5,074 3,200 HEINZ H J CO. COMMON 423074103 782,080 20,800 10,800 10,000 HELMERICH & PAYNE COMMON 423452101 631,995 27,780 27,780 HERSHEY FOODS CORP COMMON 427866108 695,981 20,034 20,034 HEWLETT PACKARD CO. COMMON 428236103 953,894 26,285 22,910 3,375 HOME DEPOT INC COMMON 437076102 724,768 31,484 31,484 HONEYWELL INTL INC COMMON 438516106 640,776 19,518 19,518 HSBC HLDGS PLC ADR SP COMMON 404280406 640,398 13,158 13,158 ILLINOIS TOOL WORKS I COMMON 452308109 5,130,198 146,368 143,742 2,626 INGERSOLL-RAND COMPAN COMMON G4776G101 282,458 16,280 16,280 INT'L BUSINESS MACH. COMMON 459200101 5,216,227 61,980 59,933 2,047 INTEL CORP COMMON 458140100 5,090,277 347,222 287,121 60,101 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,633,575 33,176 32,476 700 ITT CORP NEW COM COMMON 450911102 2,148,423 46,715 46,215 500 J P MORGAN CHASE & CO COMMON 46625H100 1,691,017 53,632 40,313 13,319 JOHNSON & JOHNSON COMMON 478160104 21,229,374 354,828 329,828 25,000 JULIUS BAER INVT FDS MUTUAL 481370500 201,427 8,198 8,198 KELLOGG CO. COMMON 487836108 4,259,983 97,149 94,499 2,650 KIMBERLY CLARK CORP COMMON 494368103 2,098,683 39,793 39,793 KINDER MORGAN EGY PTN COMMON 494550106 1,207,800 26,400 25,450 950 KOHLS CORP COMMON 500255104 1,081,475 29,875 29,875 KRAFT FOODS INC CL A COMMON 50075N104 1,423,265 53,008 26,592 26,416 LILLY, ELI AND COMPAN COMMON 532457108 297,555 7,389 7,389 LINCOLN NATL CORP COMMON 534187109 1,092,965 58,013 20,057 37,956 LOWE'S COS INC COMMON 548661107 4,325,432 200,996 195,996 5,000 L-3 COMMUNICATIONS HO COMMON 502424104 5,307,291 71,934 70,384 1,550 MCDONALD'S CORP COMMON 580135101 4,555,996 73,259 71,859 1,400 MEDCO HEALTH SOLUTION COMMON 58405U102 205,651 4,907 4,907 MEDTRONIC INC COMMON 585055106 4,438,388 141,260 141,260 MERCK & CO. INC COMMON 589331107 1,884,931 62,004 51,004 11,000 MERITOR SVGS BK PA COMMON 590007100 55,000 22,000 22,000 METLIFE INC COMMON 59156R108 456,666 13,100 10,900 2,200 MICROSOFT CORP COMMON 594918104 6,841,061 351,906 344,906 7,000 MONSANTO CO. NEW COMMON 61166W101 202,678 2,881 2,029 852 MORGAN STANLEY INSTL MUTUAL 61744J408 133,157 12,094 12,094 MOTOROLA INC COMMON 620076109 65,121 14,700 12,000 2,700 NABORS INDUSTRIES COMMON G6359F103 377,055 31,500 31,500 NOBLE CORP COMMON G65422100 2,733,858 123,760 113,660 10,100 NOBLE ENERGY COMMON 655044105 316,485 6,430 6,430 NOKIA CORP ADR COMMON 654902204 1,538,921 98,649 98,649 NORDSTROM INC COMMON 655664100 1,159,634 87,125 83,225 3,900 NORFOLK SOUTHERN CORP COMMON 655844108 1,640,634 34,870 33,520 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 2,983,776 59,963 59,963 NUCOR CORP COMMON 670346105 1,499,190 32,450 30,750 1,700 OCCIDENTAL PETE CORP COMMON 674599105 351,841 5,865 5,865 OMNICOM GROUP COMMON 681919106 3,087,186 114,680 113,980 700 OPTIONSXPRESS HLDGS I COMMON 684010101 501,000 37,500 37,500 ORACLE SYS CORP COMMON 68389X105 4,697,652 264,955 245,455 19,500 PENNSYLVANIA REIT COMMON 709102107 1,086,433 145,830 145,230 600 PEPSICO INC COMMON 713448108 6,496,527 118,615 102,365 16,250 PFIZER INC COMMON 717081103 4,981,239 281,267 232,696 48,571 PHILIP MORRIS INTL IN COMMON 718172109 4,072,318 93,595 53,321 40,274 PHOTOMEDEX INC COMMON 719358103 4,480 16,000 16,000 PIEDMONT NAT GAS INC COMMON 720186105 354,704 11,200 11,200 PNC FINANCIAL CORP COMMON 693475105 346,920 7,080 7,080 PPG INDUSTRIES INC COMMON 693506107 773,372 18,227 17,490 737 PPL CORP COMMON 69351T106 938,746 30,588 22,588 8,000 PRAXAIR INC COMMON 74005P104 1,722,924 29,025 28,625 400 PROCTER & GAMBLE CO COMMON 742718109 9,685,648 156,675 146,443 10,232 PROGRESS ENERGY INC C COMMON 743263105 602,731 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 198,875 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 115,875 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 296,601 10,168 10,168 RAYMOND JAMES FINANCI COMMON 754730109 2,934,078 171,283 169,883 1,400 RAYTHEON CO NEW COMMON 755111507 1,311,218 25,690 25,690 ROHM & HAAS CO. COMMON 775371107 1,649,793 26,700 26,700 ROYAL DUTCH SHELL PLC COMMON 780259206 1,099,564 20,770 17,770 3,000 SANDISK CORP COMMON 80004C101 496,560 51,725 51,725 SBM OFFSHORE NV COMMON N7752F148 474,154 36,486 35,586 900 SCHERING PLOUGH CORP COMMON 806605101 296,084 17,386 14,986 2,400 SCHLUMBERGER LTD COMMON 806857108 6,609,406 156,140 140,790 15,350 SCHRODER SER TR ST MU MUTUAL 808090831 725,346 97,493 97,493 SEI INVTS CO. COMMON 784117103 4,782,988 304,455 302,655 1,800 STAPLES INC COMMON 855030102 1,131,863 63,162 61,562 1,600 STATE STREET CORP COMMON 857477103 1,279,327 32,528 32,328 200 SUNTRUST BKS INC COMMON 867914103 323,286 10,944 5,821 5,123 SUPERVALU INC COMMON 868536103 675,790 46,287 1,755 44,532 SYSCO CORP COMMON 871829107 5,678,926 247,556 243,806 3,750 TARGET CORP COMMON 87612E106 569,158 16,483 13,133 3,350 TELEFONICA S A ADR COMMON 879382208 385,606 5,722 2,519 3,203 TEVA PHARMACEUTICAL COMMON 881624209 7,315,560 171,848 170,848 1,000 TEXAS INSTRUMENTS INC COMMON 882508104 919,079 59,219 50,519 8,700 THERMO FISHER SCIENTI COMMON 883556102 1,129,046 33,139 33,139 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,734,999 41,794 41,594 200 TRANSOCEAN LTD COMMON H8817H100 5,056,172 107,009 101,434 5,575 U S TREAS MONEY FD AM MUTUAL 912818101 75,000 75,000 75,000 ULTRA PETROLEUM CORP COMMON 903914109 1,091,034 31,615 31,615 UNILEVER N V COMMON 904784709 342,031 13,932 12,861 1,071 UNION PACIFIC CORP COMMON 907818108 453,909 9,496 6,408 3,088 UNITED PARCEL SVC INC COMMON 911312106 669,808 12,143 12,143 UNITED TECHNOLOGIES C COMMON 913017109 2,314,677 43,184 37,194 5,990 US BANCORP NEW COMMON 902973304 690,051 27,591 22,791 4,800 V F CORP COMMON 918204108 418,991 7,650 7,050 600 VANGUARD INTERM-TERM MUTUAL 922907878 288,209 22,694 22,694 VERIZON COMMUNICATION COMMON 92343V104 2,663,727 78,576 58,367 20,209 VODAFONE GROUP PLC NE COMMON 92857W209 217,318 10,632 10,632 WACHOVIA CORP COMMON 929903102 145,680 26,296 26,296 WAL MART STORES INC COMMON 931142103 835,574 14,905 13,405 1,500 WELLS FARGO & CO NEW COMMON 949746101 1,658,044 56,243 35,143 21,100 WESTCORE TR MIDCO GRW MUTUAL 957904717 92,791 26,138 26,138 WEYERHAEUSER CO COMMON 962166104 258,655 8,450 8,450 WILLIS GROUP HOLDINGS COMMON G96655108 4,656,089 187,142 185,342 1,800 WYETH COMMON 983024100 3,137,712 83,650 61,161 22,489 XTO ENERGY INC COM COMMON 98385X106 280,996 7,967 7,967
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