-----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, IJpTMu9uE3RYmhlokCh0v5KHPm3rd8cfAHJXnHY3AXg1gqkFnBjlxLOPvwBBY0gO ecyB0A8ilNLKMuHQrRqFxg== 0001278249-09-000004.txt : 20090423 0001278249-09-000004.hdr.sgml : 20090423 20090423143818 ACCESSION NUMBER: 0001278249-09-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090423 DATE AS OF CHANGE: 20090423 EFFECTIVENESS DATE: 20090423 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: 09766225 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 sec13f033109final.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: March 31, 2009 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 April 23, 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: 183 Form 13f Information Table Value Total: $354,208,369 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/09 (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 3,249,936 65,365 X X 53,461 0 11,904 A T & T INC (NEW) COMMON 00206R102 7,984,367 316,840 X X 235,191 0 81,649 ABBOTT LABS COMMON 002824100 3,030,763 63,538 X X 48,328 0 15,210 ACCENTURE LTD CL A COMMON G1150G111 5,096,619 185,399 X X 109,799 0 75,600 ADOBE SYS INC COMMON 00724F101 2,977,167 139,185 X X 88,910 0 50,275 AIM INVT SECS FDS INC MUTUAL 00142C805 54,068 18,644 X 18,644 0 0 AIR PRODS & CHEMS INC COMMON 009158106 3,540,263 62,938 X X 57,938 0 5,000 ALCOA INC COMMON 013817101 372,799 50,790 X X 48,740 0 2,050 ALLETE INC NEW COMMON 018522300 213,387 7,995 X X 7,895 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 242,880 16,500 X 16,500 0 0 ALTRIA GROUP INC COMMON 02209S103 972,398 60,699 X X 17,340 0 43,359 AMERICAN EXPRESS CO. COMMON 025816109 356,629 26,165 X X 16,115 0 10,050 AMERICAN INTL GROUP I COMMON 026874107 28,794 28,794 X 28,494 0 300 AMGEN INC COMMON 031162100 1,027,936 20,758 X 17,080 0 3,678 ANADARKO PETROLEUM COMMON 032511107 834,813 21,466 X 17,142 0 4,324 APACHE CORP COMMON 037411105 966,093 15,074 X 9,669 0 5,405 APHTON CORP COMMON 03759P101 8 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 723,856 6,886 X 6,675 0 211 AQUA AMERICA INC COMMON 03836W103 574,440 28,722 X 23,843 0 4,879 AUTOMATIC DATA PROCES COMMON 053015103 5,237,687 148,967 X X 95,117 0 53,850 BANK OF AMERICA CORP COMMON 060505104 365,095 53,533 X X 41,067 0 12,466 BANK OF NEW YORK MELL COMMON 064058100 242,385 8,580 X 7,797 0 783 BAXTER INTERNATIONAL COMMON 071813109 1,011,697 19,752 X 19,252 0 500 BECKMAN COULTER INC COMMON 075811109 592,991 11,625 X 11,625 0 0 BECTON DICKINSON & CO COMMON 075887109 225,254 3,350 X X 850 0 2,500 BERKSHIRE HATHAWAY IN COMMON 084670108 260,100 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 555,540 197 X 177 0 20 BEST BUY INC COMMON 086516101 2,133,732 56,210 X X 39,810 0 16,400 BJ SERVICES COMMON 055482103 104,724 10,525 X 10,175 0 350 BLACKROCK INSD MUN TE MUTUAL 092474105 174,760 17,000 X 12,000 0 5,000 BOEING CO. COMMON 097023105 477,225 13,413 X X 6,052 0 7,361 BP PLC ADR COMMON 055622104 2,285,299 56,990 X X 52,202 0 4,788 BRIDGEWAY FD INC ULTR MUTUAL 108747403 100,650 11,996 X 11,996 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 942,560 43,000 X X 39,000 0 4,000 BRYN MAWR BANK CORP COMMON 117665109 221,746 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,430,547 23,783 X X 19,505 0 4,278 CAMPBELL SOUP CO COMMON 134429109 481,536 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 1,925,662 89,151 X X 67,426 0 21,725 CATERPILLAR INC COMMON 149123101 1,588,268 56,805 X X 39,535 0 17,270 CHESAPEAKE ENERGY COR COMMON 165167107 808,900 47,415 X 37,840 0 9,575 CHEVRONTEXACO CORP COMMON 166764100 5,128,456 76,271 X X 57,831 0 18,440 CHUBB CORP COMMON 171232101 220,064 5,200 X X 2,100 0 3,100 CIGNA CORP COMMON 125509109 178,838 10,167 X 450 0 9,717 CISCO SYSTEMS INC COMMON 17275R102 6,509,091 388,139 X X 231,897 0 156,242 CITIGROUP INC COMMON 172967101 92,089 36,399 X 36,399 0 0 COCA COLA CO. COMMON 191216100 2,115,885 48,143 X X 24,729 0 23,414 COLGATE PALMOLIVE CO COMMON 194162103 4,648,793 78,820 X X 40,516 0 38,304 COMCAST CORP NEW A SP COMMON 20030N200 171,892 13,356 X X 10,456 0 2,900 CONOCOPHILLIPS COMMON 20825C104 1,990,385 50,827 X X 39,532 0 11,295 CONSOLIDATED EDISON I COMMON 209115104 211,795 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 597,787 45,048 X 42,948 0 2,100 COSTCO WHOLESALE COMMON 22160K105 4,875,226 105,251 X X 60,126 0 45,125 COVANCE INC COMMON 222816100 997,711 28,002 X X 18,502 0 9,500 CVS CORP COMMON 126650100 6,761,236 245,953 X X 152,493 0 93,460 DENTSPLY INTL INC NEW COMMON 249030107 4,962,638 184,828 X X 84,666 0 100,162 DEVON ENERGY CORP NEW COMMON 25179M103 3,226,618 72,200 X X 49,465 0 22,735 DFA INVT DIMENSIONS G MUTUAL 233203439 290,268 28,374 X 28,374 0 0 DISNEY WALT COMPANY COMMON 254687106 757,599 41,718 X X 37,456 0 4,262 DOMINION RES INC VA N COMMON 25746U109 1,169,005 37,722 X X 30,322 0 7,400 DU PONT E I DE NEMOUR COMMON 263534109 1,390,779 62,283 X X 44,775 0 17,508 DUKE ENERGY CORP COMMON 26441C105 874,895 61,096 X X 46,600 0 14,496 E M C CORP MASS COMMON 268648102 3,324,377 291,612 X X 221,012 0 70,600 EATON VANCE MUNS TR T MUTUAL 27826L330 108,978 13,372 X 13,372 0 0 ECOLAB INC COMMON 278865100 412,419 11,875 X 7,875 0 4,000 EMERSON ELECTRIC CO COMMON 291011104 1,943,040 67,986 X X 42,480 0 25,506 ENTERPRISE PRODS PART COMMON 293792107 1,113,612 50,050 X X 21,950 0 28,100 EQT CORP COM COMMON 26884L109 320,569 10,232 X 1,760 0 8,472 EXELON CORP COMMON 30161N101 257,089 5,664 X X 1,790 0 3,874 EXXON MOBIL COMMON 30231G102 26,346,863 386,885 X X 288,089 0 98,796 FEDERATED GOVT INCOME MUTUAL 313912107 128,618 14,419 X 14,419 0 0 FEDERATED SHRINTR DUR MUTUAL 313907107 338,549 34,336 X 34,336 0 0 FEDEX CORP COMMON 31428X106 4,154,269 93,375 X X 63,438 0 29,937 FPL GROUP INC COMMON 302571104 1,479,287 29,160 X X 24,460 0 4,700 FRANKLIN INVS SECS TR MUTUAL 353612302 102,157 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 4,323,904 80,266 X X 43,800 0 36,466 FRANKLIN TAX FREE TR MUTUAL 354723801 299,196 31,037 X 31,037 0 0 GAMESTOP CORP NEW CL COMMON 36467W109 1,413,329 50,440 X 38,815 0 11,625 GENERAL ELECTRIC CO COMMON 369604103 7,489,438 740,795 X X 521,390 0 219,405 GENERAL MILLS INC COMMON 370334104 850,454 17,050 X 14,600 0 2,450 GILEAD SCIENCES INC COMMON 375558103 521,795 11,265 X 7,795 0 3,470 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,150,646 37,034 X X 28,560 0 8,474 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,508,870 130,075 X X 112,275 0 17,800 GOOGLE INC CL A COMMON 38259P508 2,372,377 6,816 X X 5,226 0 1,590 HALLIBURTON CO. COMMON 406216101 411,811 26,620 X 25,520 0 1,100 HEINZ H J CO. COMMON 423074103 687,648 20,800 X X 7,200 0 13,600 HERSHEY FOODS CORP COMMON 427866108 696,182 20,034 X 13,500 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 709,263 22,123 X X 18,345 0 3,778 HOME DEPOT INC COMMON 437076102 777,769 33,012 X X 29,912 0 3,100 HONEYWELL INTL INC COMMON 438516106 233,132 8,368 X 2,118 0 6,250 ILLINOIS TOOL WORKS I COMMON 452308109 4,759,137 154,267 X X 104,335 0 49,932 INGERSOLL-RAND COMPAN COMMON G4776G101 220,800 16,000 X 16,000 0 0 INT'L BUSINESS MACH. COMMON 459200101 5,976,757 61,686 X X 45,321 0 16,365 INTEL CORP COMMON 458140100 5,518,327 367,154 X X 251,842 0 115,312 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,337,190 31,800 X X 14,100 0 17,700 ISHARES TR US TIPS BD MUTUAL 464287176 273,315 2,660 X 2,660 0 0 ITT CORP NEW COM COMMON 450911102 1,765,811 45,901 X X 27,516 0 18,385 J P MORGAN CHASE & CO COMMON 46625H100 1,393,589 52,430 X X 36,857 0 15,573 JANUS MUTUAL 471023101 195,194 10,620 X 9,645 0 975 JOHNSON & JOHNSON COMMON 478160104 18,173,145 345,497 X X 249,600 0 95,897 KELLOGG CO. COMMON 487836108 4,291,927 117,170 X X 66,889 0 50,281 KIMBERLY CLARK CORP COMMON 494368103 1,710,358 37,093 X 37,093 0 0 KINDER MORGAN EGY PTN COMMON 494550106 1,691,498 36,205 X X 21,505 0 14,700 KOHLS CORP COMMON 500255104 1,128,886 26,675 X 25,650 0 1,025 KRAFT FOODS INC CL A COMMON 50075N104 1,168,174 52,408 X X 23,478 0 28,930 LILLY, ELI AND COMPAN COMMON 532457108 250,374 7,494 X 6,260 0 1,234 LINCOLN NATL CORP COMMON 534187109 381,417 57,013 X X 18,036 0 38,977 LOWE'S COS INC COMMON 548661107 4,096,960 224,491 X X 159,026 0 65,465 L-3 COMMUNICATIONS HO COMMON 502424104 4,789,324 70,639 X X 34,614 0 36,025 MCDONALD'S CORP COMMON 580135101 4,667,552 85,533 X X 60,670 0 24,863 MEDCO HEALTH SOLUTION COMMON 58405U102 202,854 4,907 X 2,859 0 2,048 MEDTRONIC INC COMMON 585055106 4,035,142 136,924 X 99,689 0 37,235 MERCK & CO. INC COMMON 589331107 1,532,329 57,283 X X 40,330 0 16,954 MERITOR SVGS BK PA COMMON 590007100 45,540 22,000 X 0 0 22,000 METLIFE INC COMMON 59156R108 298,287 13,100 X X 10,900 0 2,200 MICROSOFT CORP COMMON 594918104 5,985,873 325,850 X X 217,552 0 108,298 MONSANTO CO. NEW COMMON 61166W101 307,138 3,696 X X 2,164 0 1,532 MOTOROLA INC COMMON 620076109 50,760 12,000 X 9,600 0 2,400 NABORS INDUSTRIES COMMON G6359F103 233,267 23,350 X 23,350 0 0 NIKE INC CL B COMMON 654106103 737,345 15,725 X X 5,625 0 10,100 NOBLE CORPORATION COMMON H5833N103 2,243,381 93,125 X X 64,445 0 28,680 NOBLE ENERGY COMMON 655044105 247,848 4,600 X 0 0 4,600 NOKIA CORP ADR COMMON 654902204 2,070,340 177,407 X 147,637 0 29,770 NORDSTROM INC COMMON 655664100 1,420,819 84,825 X X 58,575 0 26,250 NORFOLK SOUTHERN CORP COMMON 655844108 1,183,613 35,070 X X 28,720 0 6,350 NOVARTIS AG SPONSORED COMMON 66987V109 2,332,421 61,655 X 39,590 0 22,065 NUCOR CORP COMMON 670346105 1,059,218 27,750 X X 11,300 0 16,450 OCCIDENTAL PETE CORP COMMON 674599105 228,165 4,100 X 4,100 0 0 OMNICOM GROUP COMMON 681919106 2,733,635 116,822 X X 80,897 0 35,925 OPTIONSXPRESS HLDGS I COMMON 684010101 408,120 35,800 X 0 0 35,800 ORACLE SYS CORP COMMON 68389X105 5,138,819 284,384 X X 163,784 0 120,600 PENNSYLVANIA REIT COMMON 709102107 502,832 141,643 X X 101,936 0 39,706 PEPSICO INC COMMON 713448108 6,107,520 118,639 X X 82,891 0 35,748 PETROLEO BRASILEIRO S COMMON 71654V101 2,215,437 90,426 X X 45,626 0 44,800 PFIZER INC COMMON 717081103 3,528,424 259,062 X X 207,247 0 51,815 PHILIP MORRIS INTL IN COMMON 718172109 3,325,342 93,461 X X 48,902 0 44,559 PIEDMONT NAT GAS INC COMMON 720186105 289,968 11,200 X 8,000 0 3,200 PPG INDUSTRIES INC COMMON 693506107 672,576 18,227 X X 16,290 0 1,937 PPL CORP COMMON 69351T106 949,956 33,088 X X 13,152 0 19,936 PRAXAIR INC COMMON 74005P104 2,270,836 33,747 X X 22,097 0 11,650 PROCTER & GAMBLE CO COMMON 742718109 7,250,494 153,971 X X 128,475 0 25,496 PROGRESS ENERGY INC C COMMON 743263105 548,433 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 212,375 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 123,525 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 254,031 8,620 X 7,000 0 1,620 RAYMOND JAMES FINANCI COMMON 754730109 3,851,192 195,492 X X 141,642 0 53,850 RAYTHEON CO NEW COMMON 755111507 954,614 24,515 X 24,265 0 250 ROHM & HAAS CO. COMMON 775371107 1,592,568 20,200 X 20,200 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 863,806 19,499 X X 16,199 0 3,300 ROYCE FD OPPORTUNITY MUTUAL 780905832 50,395 10,391 X 10,391 0 0 SANDISK CORP COMMON 80004C101 641,355 50,700 X 43,350 0 7,350 SBM OFFSHORE NV COMMON N7752F148 557,787 41,886 X X 39,486 0 2,400 SCHERING PLOUGH CORP COMMON 806605101 409,440 17,386 X X 11,720 0 5,666 SCHLUMBERGER LTD COMMON 806857108 6,623,619 163,063 X X 104,928 0 58,135 SCHRODER SER TR ST MU MUTUAL 808090831 825,396 204,306 X 204,306 0 0 SCHWAB ADVANTAGE TR C MUTUAL 808508204 289,196 289,196 X 289,196 0 0 SEI INVTS CO. COMMON 784117103 3,686,493 301,924 X X 183,134 0 118,790 STAPLES INC COMMON 855030102 1,026,946 56,706 X X 34,041 0 22,665 STATE STREET CORP COMMON 857477103 1,382,422 44,913 X X 25,688 0 19,225 SUPERVALU INC COMMON 868536103 660,978 46,287 X X 1,755 0 44,532 SYSCO CORP COMMON 871829107 5,537,032 242,852 X X 159,602 0 83,250 TARGET CORP COMMON 87612E106 508,628 14,790 X X 6,790 0 8,000 TELEFONICA S A ADR COMMON 879382208 270,436 4,536 X X 0 0 4,536 TEVA PHARMACEUTICAL COMMON 881624209 7,615,191 169,039 X X 102,314 0 66,725 TEXAS INSTRUMENTS INC COMMON 882508104 874,089 52,943 X X 46,543 0 6,400 THERMO FISHER SCIENTI COMMON 883556102 1,182,068 33,139 X 33,139 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,668,348 42,154 X X 29,309 0 12,845 TRANSOCEAN LTD COMMON H8817H100 6,836,145 116,182 X X 75,491 0 40,691 U S TREAS MONEY FD AM MUTUAL 912818101 50,000 50,000 X 50,000 0 0 ULTRA PETROLEUM CORP COMMON 903914109 1,160,324 32,330 X 23,770 0 8,560 UNILEVER N V COMMON 904784709 273,067 13,932 X X 4,200 0 9,732 UNION PACIFIC CORP COMMON 907818108 386,270 9,396 X X 3,232 0 6,164 UNITED PARCEL SVC INC COMMON 911312106 568,146 11,543 X 11,525 0 18 UNITED TECHNOLOGIES C COMMON 913017109 1,835,214 42,699 X X 35,227 0 7,472 VANGUARD INDEX FDS LA MUTUAL 922908637 308,511 8,565 X 8,565 0 0 VANGUARD INTERM-TERM MUTUAL 922907878 297,065 22,922 X 0 0 22,922 VERIZON COMMUNICATION COMMON 92343V104 2,532,935 83,872 X X 52,386 0 31,486 VODAFONE GROUP PLC NE COMMON 92857W209 185,209 10,632 X 10,632 0 0 WAL MART STORES INC COMMON 931142103 737,997 14,165 X X 11,265 0 2,900 WELLS FARGO & CO NEW COMMON 949746101 759,234 53,317 X X 31,717 0 21,600 WHIRLPOOL CORP COMMON 963320106 1,167,562 39,458 X X 23,558 0 15,900 WILLIS GROUP HOLDINGS COMMON G96655108 4,103,641 186,529 X X 115,354 0 71,175 WYETH COMMON 983024100 2,034,113 47,261 X X 41,150 0 6,111 XTO ENERGY INC COM COMMON 98385X106 304,271 9,937 X 8,337 0 1,600
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 03/31/09 (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 3,249,936 65,365 63,165 2,200 A T & T INC (NEW) COMMON 00206R102 7,984,367 316,840 291,296 25,544 ABBOTT LABS COMMON 002824100 3,030,763 63,538 48,858 14,680 ACCENTURE LTD CL A COMMON G1150G111 5,096,619 185,399 173,799 11,600 ADOBE SYS INC COMMON 00724F101 2,977,167 139,185 138,385 800 AIM INVT SECS FDS INC MUTUAL 00142C805 54,068 18,644 18,644 AIR PRODS & CHEMS INC COMMON 009158106 3,540,263 62,938 62,238 700 ALCOA INC COMMON 013817101 372,799 50,790 49,590 1,200 ALLETE INC NEW COMMON 018522300 213,387 7,995 7,895 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 242,880 16,500 16,500 ALTRIA GROUP INC COMMON 02209S103 972,398 60,699 20,425 40,274 AMERICAN EXPRESS CO. COMMON 025816109 356,629 26,165 25,565 600 AMERICAN INTL GROUP I COMMON 026874107 28,794 28,794 28,794 AMGEN INC COMMON 031162100 1,027,936 20,758 20,758 ANADARKO PETROLEUM COMMON 032511107 834,813 21,466 21,466 APACHE CORP COMMON 037411105 966,093 15,074 15,074 APHTON CORP COMMON 03759P101 8 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 723,856 6,886 6,886 AQUA AMERICA INC COMMON 03836W103 574,440 28,722 28,722 AUTOMATIC DATA PROCES COMMON 053015103 5,237,687 148,967 142,417 6,550 BANK OF AMERICA CORP COMMON 060505104 365,095 53,533 47,535 5,998 BANK OF NEW YORK MELL COMMON 064058100 242,385 8,580 8,580 BAXTER INTERNATIONAL COMMON 071813109 1,011,697 19,752 19,752 BECKMAN COULTER INC COMMON 075811109 592,991 11,625 11,625 BECTON DICKINSON & CO COMMON 075887109 225,254 3,350 2,350 1,000 BERKSHIRE HATHAWAY IN COMMON 084670108 260,100 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 555,540 197 197 BEST BUY INC COMMON 086516101 2,133,732 56,210 53,710 2,500 BJ SERVICES COMMON 055482103 104,724 10,525 10,525 BLACKROCK INSD MUN TE MUTUAL 092474105 174,760 17,000 17,000 BOEING CO. COMMON 097023105 477,225 13,413 6,413 7,000 BP PLC ADR COMMON 055622104 2,285,299 56,990 54,734 2,256 BRIDGEWAY FD INC ULTR MUTUAL 108747403 100,650 11,996 11,996 BRISTOL MYERS SQUIBB COMMON 110122108 942,560 43,000 39,000 4,000 BRYN MAWR BANK CORP COMMON 117665109 221,746 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,430,547 23,783 21,283 2,500 CAMPBELL SOUP CO COMMON 134429109 481,536 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 1,925,662 89,151 87,251 1,900 CATERPILLAR INC COMMON 149123101 1,588,268 56,805 46,955 9,850 CHESAPEAKE ENERGY COR COMMON 165167107 808,900 47,415 47,415 CHEVRONTEXACO CORP COMMON 166764100 5,128,456 76,271 62,371 13,900 CHUBB CORP COMMON 171232101 220,064 5,200 2,800 2,400 CIGNA CORP COMMON 125509109 178,838 10,167 10,167 CISCO SYSTEMS INC COMMON 17275R102 6,509,091 388,139 353,371 34,768 CITIGROUP INC COMMON 172967101 92,089 36,399 36,399 COCA COLA CO. COMMON 191216100 2,115,885 48,143 28,143 20,000 COLGATE PALMOLIVE CO COMMON 194162103 4,648,793 78,820 77,020 1,800 COMCAST CORP NEW A SP COMMON 20030N200 171,892 13,356 11,406 1,950 CONOCOPHILLIPS COMMON 20825C104 1,990,385 50,827 50,035 792 CONSOLIDATED EDISON I COMMON 209115104 211,795 5,347 3,041 2,306 CORNING INC COMMON 219350105 597,787 45,048 45,048 COSTCO WHOLESALE COMMON 22160K105 4,875,226 105,251 102,649 2,602 COVANCE INC COMMON 222816100 997,711 28,002 27,852 150 CVS CORP COMMON 126650100 6,761,236 245,953 240,853 5,100 DENTSPLY INTL INC NEW COMMON 249030107 4,962,638 184,828 180,828 4,000 DEVON ENERGY CORP NEW COMMON 25179M103 3,226,618 72,200 67,250 4,950 DFA INVT DIMENSIONS G MUTUAL 233203439 290,268 28,374 28,374 DISNEY WALT COMPANY COMMON 254687106 757,599 41,718 40,118 1,600 DOMINION RES INC VA N COMMON 25746U109 1,169,005 37,722 30,922 6,800 DU PONT E I DE NEMOUR COMMON 263534109 1,390,779 62,283 51,933 10,350 DUKE ENERGY CORP COMMON 26441C105 874,895 61,096 47,600 13,496 E M C CORP MASS COMMON 268648102 3,324,377 291,612 290,312 1,300 EATON VANCE MUNS TR T MUTUAL 27826L330 108,978 13,372 13,372 ECOLAB INC COMMON 278865100 412,419 11,875 11,875 EMERSON ELECTRIC CO COMMON 291011104 1,943,040 67,986 61,186 6,800 ENTERPRISE PRODS PART COMMON 293792107 1,113,612 50,050 47,850 2,200 EQT CORP COM COMMON 26884L109 320,569 10,232 10,232 EXELON CORP COMMON 30161N101 257,089 5,664 4,564 1,100 EXXON MOBIL COMMON 30231G102 26,346,863 386,885 357,500 29,385 FEDERATED GOVT INCOME MUTUAL 313912107 128,618 14,419 14,419 FEDERATED SHRINTR DUR MUTUAL 313907107 338,549 34,336 34,336 FEDEX CORP COMMON 31428X106 4,154,269 93,375 91,475 1,900 FPL GROUP INC COMMON 302571104 1,479,287 29,160 26,060 3,100 FRANKLIN INVS SECS TR MUTUAL 353612302 102,157 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 4,323,904 80,266 79,966 300 FRANKLIN TAX FREE TR MUTUAL 354723801 299,196 31,037 31,037 GAMESTOP CORP NEW CL COMMON 36467W109 1,413,329 50,440 50,440 GENERAL ELECTRIC CO COMMON 369604103 7,489,438 740,795 692,244 48,551 GENERAL MILLS INC COMMON 370334104 850,454 17,050 17,050 GILEAD SCIENCES INC COMMON 375558103 521,795 11,265 11,265 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,150,646 37,034 35,634 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 1,508,870 130,075 128,975 1,100 GOOGLE INC CL A COMMON 38259P508 2,372,377 6,816 6,566 250 HALLIBURTON CO. COMMON 406216101 411,811 26,620 26,620 HEINZ H J CO. COMMON 423074103 687,648 20,800 10,800 10,000 HERSHEY FOODS CORP COMMON 427866108 696,182 20,034 20,034 HEWLETT PACKARD CO. COMMON 428236103 709,263 22,123 18,748 3,375 HOME DEPOT INC COMMON 437076102 777,769 33,012 31,812 1,200 HONEYWELL INTL INC COMMON 438516106 233,132 8,368 8,368 ILLINOIS TOOL WORKS I COMMON 452308109 4,759,137 154,267 151,641 2,626 INGERSOLL-RAND COMPAN COMMON G4776G101 220,800 16,000 16,000 INT'L BUSINESS MACH. COMMON 459200101 5,976,757 61,686 59,639 2,047 INTEL CORP COMMON 458140100 5,518,327 367,154 307,053 60,101 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,337,190 31,800 31,100 700 ISHARES TR US TIPS BD MUTUAL 464287176 273,315 2,660 2,660 ITT CORP NEW COM COMMON 450911102 1,765,811 45,901 45,401 500 J P MORGAN CHASE & CO COMMON 46625H100 1,393,589 52,430 39,111 13,319 JANUS MUTUAL 471023101 195,194 10,620 10,620 JOHNSON & JOHNSON COMMON 478160104 18,173,145 345,497 322,297 23,200 KELLOGG CO. COMMON 487836108 4,291,927 117,170 114,520 2,650 KIMBERLY CLARK CORP COMMON 494368103 1,710,358 37,093 37,093 KINDER MORGAN EGY PTN COMMON 494550106 1,691,498 36,205 33,955 2,250 KOHLS CORP COMMON 500255104 1,128,886 26,675 26,675 KRAFT FOODS INC CL A COMMON 50075N104 1,168,174 52,408 25,992 26,416 LILLY, ELI AND COMPAN COMMON 532457108 250,374 7,494 7,494 LINCOLN NATL CORP COMMON 534187109 381,417 57,013 19,057 37,956 LOWE'S COS INC COMMON 548661107 4,096,960 224,491 215,391 9,100 L-3 COMMUNICATIONS HO COMMON 502424104 4,789,324 70,639 69,089 1,550 MCDONALD'S CORP COMMON 580135101 4,667,552 85,533 84,133 1,400 MEDCO HEALTH SOLUTION COMMON 58405U102 202,854 4,907 4,907 MEDTRONIC INC COMMON 585055106 4,035,142 136,924 136,924 MERCK & CO. INC COMMON 589331107 1,532,329 57,283 48,283 9,000 MERITOR SVGS BK PA COMMON 590007100 45,540 22,000 22,000 METLIFE INC COMMON 59156R108 298,287 13,100 10,900 2,200 MICROSOFT CORP COMMON 594918104 5,985,873 325,850 318,850 7,000 MONSANTO CO. NEW COMMON 61166W101 307,138 3,696 2,844 852 MOTOROLA INC COMMON 620076109 50,760 12,000 12,000 NABORS INDUSTRIES COMMON G6359F103 233,267 23,350 23,350 NIKE INC CL B COMMON 654106103 737,345 15,725 15,225 500 NOBLE CORPORATION COMMON H5833N103 2,243,381 93,125 83,025 10,100 NOBLE ENERGY COMMON 655044105 247,848 4,600 4,600 NOKIA CORP ADR COMMON 654902204 2,070,340 177,407 177,407 NORDSTROM INC COMMON 655664100 1,420,819 84,825 80,925 3,900 NORFOLK SOUTHERN CORP COMMON 655844108 1,183,613 35,070 33,720 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 2,332,421 61,655 61,655 NUCOR CORP COMMON 670346105 1,059,218 27,750 26,050 1,700 OCCIDENTAL PETE CORP COMMON 674599105 228,165 4,100 4,100 OMNICOM GROUP COMMON 681919106 2,733,635 116,822 116,122 700 OPTIONSXPRESS HLDGS I COMMON 684010101 408,120 35,800 35,800 ORACLE SYS CORP COMMON 68389X105 5,138,819 284,384 257,084 27,300 PENNSYLVANIA REIT COMMON 709102107 502,832 141,643 141,043 600 PEPSICO INC COMMON 713448108 6,107,520 118,639 102,389 16,250 PETROLEO BRASILEIRO S COMMON 71654V101 2,215,437 90,426 89,626 800 PFIZER INC COMMON 717081103 3,528,424 259,062 217,491 41,571 PHILIP MORRIS INTL IN COMMON 718172109 3,325,342 93,461 51,987 41,474 PIEDMONT NAT GAS INC COMMON 720186105 289,968 11,200 11,200 PPG INDUSTRIES INC COMMON 693506107 672,576 18,227 17,490 737 PPL CORP COMMON 69351T106 949,956 33,088 25,088 8,000 PRAXAIR INC COMMON 74005P104 2,270,836 33,747 33,347 400 PROCTER & GAMBLE CO COMMON 742718109 7,250,494 153,971 144,839 9,132 PROGRESS ENERGY INC C COMMON 743263105 548,433 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 212,375 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 123,525 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 254,031 8,620 8,620 RAYMOND JAMES FINANCI COMMON 754730109 3,851,192 195,492 194,092 1,400 RAYTHEON CO NEW COMMON 755111507 954,614 24,515 24,515 ROHM & HAAS CO. COMMON 775371107 1,592,568 20,200 20,200 ROYAL DUTCH SHELL PLC COMMON 780259206 863,806 19,499 16,499 3,000 ROYCE FD OPPORTUNITY MUTUAL 780905832 50,395 10,391 10,391 SANDISK CORP COMMON 80004C101 641,355 50,700 50,700 SBM OFFSHORE NV COMMON N7752F148 557,787 41,886 40,986 900 SCHERING PLOUGH CORP COMMON 806605101 409,440 17,386 14,986 2,400 SCHLUMBERGER LTD COMMON 806857108 6,623,619 163,063 151,013 12,050 SCHRODER SER TR ST MU MUTUAL 808090831 825,396 204,306 204,306 SCHWAB ADVANTAGE TR C MUTUAL 808508204 289,196 289,196 289,196 SEI INVTS CO. COMMON 784117103 3,686,493 301,924 300,124 1,800 STAPLES INC COMMON 855030102 1,026,946 56,706 55,106 1,600 STATE STREET CORP COMMON 857477103 1,382,422 44,913 44,213 700 SUPERVALU INC COMMON 868536103 660,978 46,287 1,755 44,532 SYSCO CORP COMMON 871829107 5,537,032 242,852 238,202 4,650 TARGET CORP COMMON 87612E106 508,628 14,790 12,290 2,500 TELEFONICA S A ADR COMMON 879382208 270,436 4,536 1,333 3,203 TEVA PHARMACEUTICAL COMMON 881624209 7,615,191 169,039 168,039 1,000 TEXAS INSTRUMENTS INC COMMON 882508104 874,089 52,943 47,643 5,300 THERMO FISHER SCIENTI COMMON 883556102 1,182,068 33,139 33,139 TOYOTA MTR CORP ADR 1 COMMON 892331307 2,668,348 42,154 41,954 200 TRANSOCEAN LTD COMMON H8817H100 6,836,145 116,182 111,607 4,575 U S TREAS MONEY FD AM MUTUAL 912818101 50,000 50,000 50,000 ULTRA PETROLEUM CORP COMMON 903914109 1,160,324 32,330 32,330 UNILEVER N V COMMON 904784709 273,067 13,932 12,861 1,071 UNION PACIFIC CORP COMMON 907818108 386,270 9,396 6,308 3,088 UNITED PARCEL SVC INC COMMON 911312106 568,146 11,543 11,543 UNITED TECHNOLOGIES C COMMON 913017109 1,835,214 42,699 36,709 5,990 VANGUARD INDEX FDS LA MUTUAL 922908637 308,511 8,565 8,565 VANGUARD INTERM-TERM MUTUAL 922907878 297,065 22,922 22,922 VERIZON COMMUNICATION COMMON 92343V104 2,532,935 83,872 62,663 21,209 VODAFONE GROUP PLC NE COMMON 92857W209 185,209 10,632 10,632 WAL MART STORES INC COMMON 931142103 737,997 14,165 12,665 1,500 WELLS FARGO & CO NEW COMMON 949746101 759,234 53,317 32,217 21,100 WHIRLPOOL CORP COMMON 963320106 1,167,562 39,458 39,308 150 WILLIS GROUP HOLDINGS COMMON G96655108 4,103,641 186,529 184,729 1,800 WYETH COMMON 983024100 2,034,113 47,261 44,061 3,200 XTO ENERGY INC COM COMMON 98385X106 304,271 9,937 9,937
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