-----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, J/xPgiCwPjuE1FZa5WYezeLEeS3/t0NyhhEYBvrKp7MPphfKEqI0jPqjjRGmdagK iLrsF5X0f468LCo+sh5Iyg== 0000315498-07-000001.txt : 20070207 0000315498-07-000001.hdr.sgml : 20070207 20070207131850 ACCESSION NUMBER: 0000315498-07-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070207 DATE AS OF CHANGE: 20070207 EFFECTIVENESS DATE: 20070207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GOFEN & GLOSSBERG LLC /IL/ CENTRAL INDEX KEY: 0000315498 IRS NUMBER: 364143109 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-01240 FILM NUMBER: 07587163 BUSINESS ADDRESS: STREET 1: 455 CITYFRONT PLAZA STE 3000 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3128281100 MAIL ADDRESS: STREET 1: 455 CITYFRONT STE 3000 CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: GOFEN & GLOSSBERG INC /IL/ DATE OF NAME CHANGE: 19970206 13F-HR 1 dec06.txt 13F REPORT 12/31/06 UNITED STATES SECURITIES AND EXCHANGE COMMISION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE REPORT FOR CALENDAR YEAR OR QUARTER ENDED: December 31, 2006 CHECK HERE IF AMENDMENT [ ]; AMENDMENT NUMBER: THIS AMENDMENT (CHECK ONLY ONE.): [ ] IS A RESTATEMENT. [ ] ADD NEW HOLDINGS ENTRIES INSTITUTIONAL INVESMENT MANAGER FILING THIS REPORT: GOFEN AND GLOSSBERG, L.L.C. 455 CITYFRONT PLAZA SUITE 3000 CHICAGO, IL 60611 13F FILE NUMBER: 28-1240 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 FORM. PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER: NAME : MARK BROWN TITLE : COMPLIANCE OFFICER PHONE : 312-832-1534 SIGNATURE, PLACE, AND DATE OF SIGNING: MARK BROWN CHICAGO, ILLINOIS December 31, 2006 REPORT TYPE (CHECK ONLY ONE.) : [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13 COMBINATION REPORT. LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER : I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Report Summary: NUMBER OF OTHER INCLUDED MANAGERS: 1 FORM 13F INFORMATION TABLE ENTRY TOTAL: 330 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,586,761,000 LIST OF OTHER INCLUDED MANAGERS: AFFILIATED MANAGERS GROUP > FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AT&T COM 00206R102 9979 279140 SH Shr Def 11895 267245 Abbott Laboratories COM 002824100 18070 370968 SH Shr Def 4570 366398 Actuant Cl A COM 00508X203 281 5892 SH Shr Def 5892 Adobe Systems COM 00724F101 8737 212485 SH Shr Def 12610 199875 Advance Auto Parts COM 00751Y106 3185 89572 SH Shr Def 4950 84622 Aetna COM 00817Y108 228 5288 SH Shr Def 5288 Affiliated Managers Group COM 008252108 324 3083 SH Shr Def 3083 Alcoa COM 013817101 263 8773 SH Shr Def 8773 Allergan COM 018490102 3724 31100 SH Shr Def 575 30525 Allstate COM 020002101 6654 102198 SH Shr Def 1850 100348 Alltel COM 020039103 291 4812 SH Shr Def 4812 Altria Group COM 02209S103 13668 159259 SH Shr Def 5505 153754 AMBAC Financial Group COM 023139108 347 3900 SH Shr Def 3900 Ameren COM 023608102 252 4697 SH Shr Def 4697 America Movil SA Ser L SPON ADR 02364W105 4153 91831 SH Shr Def 91831 American Electric Power COM 025537101 261 6121 SH Shr Def 6121 American Express COM 025816109 33572 553350 SH Shr Def 17910 535440 American International Group COM 026874107 16681 232784 SH Shr Def 2350 230434 Ameriprise Financial COM 03076C106 488 8954 SH Shr Def 8954 AMETEK COM 031100100 521 16350 SH Shr Def 16350 Amgen COM 031162100 20192 295592 SH Shr Def 9728 285864 Anheuser Busch COM 035229103 1017 20667 SH Shr Def 20667 Apple Computer COM 037833100 1142 13458 SH Shr Def 13458 Applera-Applied Biosystems Grp COM 038020103 229 6235 SH Shr Def 6235 AptarGroup COM 038336103 1915 32431 SH Shr Def 2300 30131 Associated Banc-Corp COM 045487105 1890 54188 SH Shr Def 1650 52538 Automatic Data Processing COM 053015103 705 14315 SH Shr Def 14315 Avon Products COM 054303102 285 8628 SH Shr Def 8628 BJ Services COM 055482103 266 9072 SH Shr Def 9072 BP PLC SPON ADR 055622104 18303 272779 SH Shr Def 700 272079 BP Prudhoe Bay Royalty Trust S UNIT BEN INT 055630107 369 4791 SH Shr Def 4791 BRE Properties Cl A COM 05564E106 228 3500 SH Shr Def 3500 BPI Energy Holdings COM 055934103 5 10000 SH Shr Def 10000 Baker Hughes COM 057224107 444 5950 SH Shr Def 5950 Bank of America COM 060505104 21525 403170 SH Shr Def 7515 395655 Bank of New York COM 064057102 10050 255274 SH Shr Def 15135 240139 Baxter International COM 071813109 973 20964 SH Shr Def 2800 18164 Beckman Coulter COM 075811109 3531 59042 SH Shr Def 3450 55592 Becton Dickinson COM 075887109 358 5100 SH Shr Def 1000 4100 Bed Bath & Beyond COM 075896100 1138 29872 SH Shr Def 800 29072 BellSouth COM 079860102 3379 71735 SH Shr Def 71735 Berkshire Hathaway Cl A COM 084670108 4950 45 SH Shr Def 45 Berkshire Hathaway Cl B COM 084670207 2192 598 SH Shr Def 598 Best Buy Companies COM 086516101 2477 50349 SH Shr Def 3600 46749 BHP Billiton Ltd SPON ADR 088606108 612 15391 SH Shr Def 15391 Biomet COM 090613100 380 9206 SH Shr Def 9206 Biogen Idec COM 09062X103 205 4172 SH Shr Def 4172 Biotech HOLDRs DEP RCPTS 09067D201 478 2600 SH Shr Def 2600 Boeing COM 097023105 2143 24124 SH Shr Def 24124 Boston Properties COM 101121101 397 3550 SH Shr Def 3550 Brinker International COM 109641100 774 25675 SH Shr Def 25675 Bristol-Myers Squibb COM 110122108 1081 41063 SH Shr Def 41063 Burlington Northern Santa Fe COM 12189T104 929 12591 SH Shr Def 12591 CBS Cl B COM 124857202 674 21626 SH Shr Def 200 21426 CIGNA COM 125509109 855 6500 SH Shr Def 6500 CSX Cvt DB CV 10/3 126408GA5 494 400000PRN Shr Def 400000 Cadbury Schweppes Plc Sp ADR 127209302 1525 35515 SH Shr Def 35515 Campbell Soup COM 134429109 883 22700 SH Shr Def 22700 Cardinal Health COM 14149Y108 1142 17724 SH Shr Def 17724 Caterpillar COM 149123101 20987 342205 SH Shr Def 11860 330345 CBOT Holdings Cl A COM 14984K106 1906 12581 SH Shr Def 12581 Cedar Fair Ltd Prtnshp DEP UNIT 150185106 5682 204259 SH Shr Def 204259 Central Fund of Canada Cl A COM 153501101 159 17000 SH Shr Def 17000 Cerner COM 156782104 212 4650 SH Shr Def 4650 Chesapeake Energy COM 165167107 4337 149300 SH Shr Def 5100 144200 Chevron COM 166764100 9514 129388 SH Shr Def 500 128888 Chicago Mercantile Exchange COM 167760107 1772 3476 SH Shr Def 3476 Chubb COM 171232101 2474 46759 SH Shr Def 722 46037 Cisco Systems COM 17275R102 11816 432338 SH Shr Def 21915 410423 Citigroup COM 172967101 29669 532650 SH Shr Def 17479 515171 Clear Channel Communications COM 184502102 2169 61034 SH Shr Def 8460 52574 Clorox COM 189054109 363 5658 SH Shr Def 100 5558 CoBiz COM 190897108 357 16200 SH Shr Def 16200 Coca-Cola COM 191216100 11500 238341 SH Shr Def 4500 233841 Colgate-Palmolive COM 194162103 10938 167656 SH Shr Def 3550 164106 Colonial BancGroup COM 195493309 208 8095 SH Shr Def 8095 Comcast Cl A COM 20030N101 3842 90768 SH Shr Def 64 90704 Comcast Spec Com Cl A COM 20030N200 17833 425823 SH Shr Def 20893 404930 Comerica COM 200340107 684 11650 SH Shr Def 11650 Comtech Telecommunications COM 205826209 952 25000 SH Shr Def 25000 ConocoPhillips COM 20825C104 4337 60275 SH Shr Def 1734 58541 Conseco Wts Ex 9/08 WT 208464123 819 1137700 SH Shr Def 30000 1107700 Conseco COM 208464883 574 28750 SH Shr Def 2300 26450 Consolidated Edison COM 209115104 204 4250 SH Shr Def 4250 Constellation Energy Group COM 210371100 457 6639 SH Shr Def 6639 Corning COM 219350105 6333 338473 SH Shr Def 11450 327023 Corporate Office Properties SH BEN INT 22002T108 5405 107090 SH Shr Def 1050 106040 Costco Wholesale COM 22160K105 7906 149530 SH Shr Def 4157 145373 Coventry Health Care COM 222862104 203 4050 SH Shr Def 4050 DNP Select Income Fd COM 23325P104 196 18096 SH Shr Def 18096 D R Horton COM 23331A109 212 8000 SH Shr Def 8000 DTE Energy COM 233331107 212 4374 SH Shr Def 4374 Danaher COM 235851102 442 6100 SH Shr Def 6100 Deere & Co COM 244199105 2493 26220 SH Shr Def 1000 25220 Dell COM 24702R101 472 18820 SH Shr Def 18820 Deluxe COM 248019101 218 8634 SH Shr Def 8634 Diageo PLC SPON ADR 25243Q205 316 3990 SH Shr Def 3990 Disney Walt COM 254687106 13737 400834 SH Shr Def 11560 389274 Discovery Holdings Cl A COM 25468Y107 321 19977 SH Shr Def 19977 Document Sciences COM 25614R105 162 24200 SH Shr Def 24200 Dominion Resources/VA COM 25746U109 355 4237 SH Shr Def 4237 Dover COM 260003108 624 12730 SH Shr Def 12730 Dow Chemical COM 260543103 891 22322 SH Shr Def 500 21822 Du Pont E I COM 263534109 2305 47313 SH Shr Def 200 47113 Dun & Bradstreet COM 26483E100 1207 14575 SH Shr Def 14575 EMC COM 268648102 6368 482430 SH Shr Def 21950 460480 ENI SpA SPON ADR 26874R108 2811 41781 SH Shr Def 1750 40031 eFunds COM 28224R101 215 7816 SH Shr Def 7816 Emerson Electric COM 291011104 1562 35422 SH Shr Def 500 34922 EnCana COM 292505104 228 4952 SH Shr Def 4952 Entergy COM 29364G103 2314 25065 SH Shr Def 25065 Entravision Communications COM 29382R107 4514 549200 SH Shr Def 24000 525200 Equitable Resources COM 294549100 205 4908 SH Shr Def 4908 Equity Lifestyle Properties COM 29472R108 329 6044 SH Shr Def 6044 Equity Office Properties Trust COM 294741103 469 9735 SH Shr Def 9735 Exelon COM 30161N101 751 12142 SH Shr Def 12142 Expedia COM 30212P105 259 12367 SH Shr Def 12367 Exxon Mobil COM 30231G102 54440 710424 SH Shr Def 12970 697454 FPL Group COM 302571104 414 7605 SH Shr Def 7605 Federal National Mortgage Assn COM 313586109 1138 19169 SH Shr Def 1200 17969 Federated Department Stores COM 31410H101 2407 63114 SH Shr Def 300 62814 Fifth Third Bancorp COM 316773100 467 11398 SH Shr Def 11398 First Data COM 319963104 8062 315919 SH Shr Def 2917 313002 First Midwest Bancorp IL COM 320867104 679 17556 SH Shr Def 17556 Fiserv COM 337738108 9772 186419 SH Shr Def 10310 176109 FirstEnergy COM 337932107 219 3627 SH Shr Def 3627 Fortune Brands COM 349631101 472 5532 SH Shr Def 5532 Gallaher Group PLC SPON ADR 363595109 535 5953 SH Shr Def 5953 Gannett COM 364730101 1159 19166 SH Shr Def 19166 Genentech COM 368710406 714 8805 SH Shr Def 600 8205 General Electric COM 369604103 65141 1750628 SH Shr Def 30345 1720283 General Growth Properties COM 370021107 1991 38125 SH Shr Def 1400 36725 General Mills COM 370334104 634 11003 SH Shr Def 11003 Gilead Sciences COM 375558103 8241 126914 SH Shr Def 7445 119469 GlaxoSmithKline PLC SPON ADR 37733W105 1788 33888 SH Shr Def 33888 Grainger W W COM 384802104 4465 63835 SH Shr Def 700 63135 HSBC Hldgs PLC SPON ADR 404280406 5404 58968 SH Shr Def 3450 55518 Hanover Compress Cvt NOTE 4.75% 3/1 410768AC9 1693 1730000PRN Shr Def 210000 1520000 Harland John H COM 412693103 277 5512 SH Shr Def 5512 Hartford Financial Services Gr COM 416515104 717 7687 SH Shr Def 7687 Health Care Property Investors COM 421915109 524 14240 SH Shr Def 14240 Heinz H J COM 423074103 441 9808 SH Shr Def 9808 Hershey Company COM 427866108 2970 59643 SH Shr Def 4250 55393 Hewlett-Packard COM 428236103 445 10814 SH Shr Def 1549 9265 Home Depot COM 437076102 11202 278936 SH Shr Def 13175 265761 Honeywell International COM 438516106 15157 335041 SH Shr Def 13880 321161 Horizon Bancorp Indiana COM 440407104 205 7506 SH Shr Def 7506 Hospira COM 441060100 250 7459 SH Shr Def 7459 Huntington Bancshares COM 446150104 1620 68229 SH Shr Def 68229 IAC/InterActiveCorp COM 44919P300 578 15550 SH Shr Def 15550 IMS Health COM 449934108 558 20307 SH Shr Def 20307 ITT Industries COM 450911102 391 6876 SH Shr Def 6876 IDEX COM 45167R104 4492 94746 SH Shr Def 94746 Illinois Tool Works COM 452308109 1991 43106 SH Shr Def 200 42906 Intel COM 458140100 11521 568926 SH Shr Def 15795 553131 International Business Machine COM 459200101 43940 452290 SH Shr Def 2795 449495 International Game Technology COM 459902102 2100 45450 SH Shr Def 900 44550 International Paper COM 460146103 207 6080 SH Shr Def 6080 International Rectifier COM 460254105 2058 53402 SH Shr Def 53402 Intl Rectifier Cvt NOTE 4.25% 7/1 460254AE5 6592 6642000PRN Shr Def 310000 6332000 Interpublic Group Cos COM 460690100 268 21911 SH Shr Def 21911 iShares MSCI Japan Index Fd COM 464286848 2096 147500 SH Shr Def 15000 132500 ishares S&P 100 Index Fd COM 464287101 433 6555 SH Shr Def 350 6205 iShares DJ Select Div Index Fd COM 464287168 406 5745 SH Shr Def 5745 iShares MSCI Emerging Mkts Ind COM 464287234 7480 65514 SH Shr Def 2780 62734 iShares S&P 500 Vaue Index Fd COM 464287408 504 6560 SH Shr Def 6560 iShares Lehman 1-3 Yr Treas Bd COM 464287457 308 3850 SH Shr Def 2100 1750 iShares MSCI EAFE Index Fd COM 464287465 20877 285128 SH Shr Def 25810 259318 iShares Russell Midcap Index F COM 464287499 290 2900 SH Shr Def 1700 1200 iShares S&P MidCap400 Grwth In COM 464287606 257 3228 SH Shr Def 3228 iShares Russell 2000 Index Fun COM 464287655 1186 15200 SH Shr Def 5000 10200 iShares S&P MidCap 400/Value I COM 464287705 1934 24404 SH Shr Def 24404 iShares S&P SmlCap 600 Index F COM 464287804 5163 78242 SH Shr Def 2345 75897 iShares S&P SmallCap 600 Val I COM 464287879 446 5921 SH Shr Def 5921 iShares S&P S/C 600/Barra Grw COM 464287887 245 1914 SH Shr Def 1914 Ivax Cvt NOTE 4.5% 5/1 465823AG7 1894 1920000PRN Shr Def 120000 1800000 JPMorgan Chase & Co COM 46625H100 35496 734902 SH Shr Def 17675 717227 Johnson & Johnson COM 478160104 49723 753151 SH Shr Def 16689 736462 Kimberly Clark COM 494368103 3283 48311 SH Shr Def 48311 Kite Realty Group Trust COM 49803T102 10143 544710 SH Shr Def 23700 521010 Kohls COM 500255104 1384 20225 SH Shr Def 200 20025 Koninklijke Philips Electronic COM 500472303 5382 143214 SH Shr Def 143214 LSI Logic COM 502161102 1194 132650 SH Shr Def 8000 124650 LSI Logic Cvt NOTE 4% 5/1 502161AJ1 5978 5825000PRN Shr Def 215000 5610000 Estee Lauder Cl A COM 518439104 6176 151295 SH Shr Def 6560 144735 Lehman Brothers Holdings COM 524908100 241 3088 SH Shr Def 3088 Liberty Global-A COM 530555101 345 11829 SH Shr Def 11829 Liberty Global-C COM 530555309 340 12145 SH Shr Def 12145 Lilly Eli COM 532457108 1773 34030 SH Shr Def 34030 Lincoln National COM 534187109 759 11433 SH Shr Def 11433 Lockheed Martin COM 539830109 13667 148442 SH Shr Def 4500 143942 Lowe's Companies COM 548661107 3240 104004 SH Shr Def 1600 102404 MAF Bancorp COM 55261R108 566 12654 SH Shr Def 12654 MBIA COM 55262C100 3055 41819 SH Shr Def 41819 MB Financial COM 55264U108 6689 177845 SH Shr Def 1200 176645 MGP Ingredients COM 55302G103 226 10000 SH Shr Def 10000 Marsh & McLennan COM 571748102 290 9450 SH Shr Def 9450 Marshall & Ilsley COM 571834100 268 5576 SH Shr Def 5576 Masco COM 574599106 493 16500 SH Shr Def 16500 McCormick Non-Voting COM 579780206 8401 217860 SH Shr Def 300 217560 McDonalds COM 580135101 24743 558165 SH Shr Def 5050 553115 McGraw Hill Companies COM 580645109 503 7400 SH Shr Def 7400 Medtronic COM 585055106 16411 306683 SH Shr Def 6950 299733 Merck COM 589331107 6022 138118 SH Shr Def 138118 Merrill Lynch & Co COM 590188108 408 4387 SH Shr Def 1500 2887 Microsoft COM 594918104 40787 1365932 SH Shr Def 36252 1329680 Midas COM 595626102 750 32608 SH Shr Def 32608 S&P Mid-Cap 400 Depositar Recp UNIT SER 1 595635103 6117 41799 SH Shr Def 1815 39984 Midwest Banc Holdings COM 598251106 7217 303885 SH Shr Def 5650 298235 Moody's COM 615369105 2303 33350 SH Shr Def 33350 Morgan Stanley & Co COM 617446448 600 7371 SH Shr Def 7371 Motorola COM 620076109 1428 69454 SH Shr Def 1050 68404 Murphy Oil COM 626717102 9050 177968 SH Shr Def 2850 175118 Mylan Laboratories COM 628530107 2163 108374 SH Shr Def 108374 NTL Wts Ex 1/13/11 WT 62941W119 25 194950 SH Shr Def 20000 174950 NASDAQ- 100 Shares UNIT SER 1 631100104 528 12244 SH Shr Def 12244 National-Oilwell Varco COM 637071101 6737 110115 SH Shr Def 8035 102080 NAVTEQ COM 63936L100 309 8831 SH Shr Def 8831 Newell Rubbermaid COM 651229106 1644 56800 SH Shr Def 1750 55050 Newmont Mining COM 651639106 262 5804 SH Shr Def 5804 News Corporation Cl A COM 65248E104 1079 50222 SH Shr Def 900 49322 NICOR COM 654086107 369 7882 SH Shr Def 7882 Nokia Cl A SPON ADR 654902204 279 13750 SH Shr Def 300 13450 Nordstrom COM 655664100 6822 138271 SH Shr Def 4000 134271 Norfolk Southern COM 655844108 207 4125 SH Shr Def 4125 Northern Trust COM 665859104 12970 213707 SH Shr Def 2200 211507 Northfield Laboratories COM 666135108 97 23870 SH Shr Def 23870 Northrop Grumman COM 666807102 5926 87526 SH Shr Def 8962 78564 NovaMed COM 66986W108 84 11133 SH Shr Def 11133 Nuveen Investments Cl A COM 67090F106 514 9900 SH Shr Def 9900 Occidental Petroleum COM 674599105 268 5496 SH Shr Def 5496 Office Depot COM 676220106 5148 134875 SH Shr Def 4000 130875 Old Republic International COM 680223104 11417 490424 SH Shr Def 10413 480011 Omnicom Group COM 681919106 2534 24236 SH Shr Def 24236 Oracle COM 68389X105 1282 74809 SH Shr Def 74809 PDL BioPharma COM 69329Y104 1548 76855 SH Shr Def 5600 71255 PNC Financial Services Group COM 693475105 1854 25046 SH Shr Def 25046 Paychex COM 704326107 4008 101371 SH Shr Def 9050 92321 Penney J C COM 708160106 8422 108865 SH Shr Def 2800 106065 Peoples Energy COM 711030106 501 11245 SH Shr Def 11245 PepsiAmericas COM 71343P200 2688 128123 SH Shr Def 128123 PepsiCo COM 713448108 28562 456632 SH Shr Def 11640 444992 Pfizer COM 717081103 22880 883414 SH Shr Def 9390 874024 Pitney Bowes COM 724479100 1502 32528 SH Shr Def 32528 Plum Creek Timber Company COM 729251108 882 22137 SH Shr Def 22137 Procter & Gamble COM 742718109 62245 968497 SH Shr Def 18180 950317 Progress Energy COM 743263105 228 4640 SH Shr Def 4640 ProLogis SH BEN INT 743410102 11421 187939 SH Shr Def 8616 179323 Prudential Financial COM 744320102 1288 15005 SH Shr Def 300 14705 Public Storage COM 74460D109 7547 77407 SH Shr Def 3100 74307 Puget Energy COM 745310102 2859 112734 SH Shr Def 112734 Pulte Homes COM 745867101 216 6512 SH Shr Def 6512 QUALCOMM COM 747525103 18494 489381 SH Shr Def 21715 467666 Quicksilver Resources COM 74837R104 13457 367780 SH Shr Def 20673 347107 R H Donnelley COM 74955W307 220 3510 SH Shr Def 3510 Royal Dutch Shell PLC-B SPON ADR 780259107 264 3705 SH Shr Def 3705 Royal Dutch Shell PLC-A SPON ADR 780259206 6041 85336 SH Shr Def 800 84536 SPDR 500 Trust Ser 1 UNIT SER 1 78462F103 9980 70468 SH Shr Def 2362 68106 Safeway COM 786514208 421 12169 SH Shr Def 12169 St Jude Medical COM 790849103 202 5532 SH Shr Def 5532 St Paul Travelers Companies COM 792860108 5364 99913 SH Shr Def 9365 90548 San Juan Basin Royalty Trust UNIT BEN INT 798241105 920 28000 SH Shr Def 28000 Sara Lee COM 803111103 567 33282 SH Shr Def 33282 Schering - Plough COM 806605101 3490 147614 SH Shr Def 147614 Schlumberger Ltd COM 806857108 24300 384730 SH Shr Def 4110 380620 Scripps E W Cl A COM 811054204 4492 89943 SH Shr Def 457 89486 Sears Holdings COM 812350106 237 1414 SH Shr Def 1414 Materials Select Sect SPDR Tr SBI 81369Y100 282 8100 SH Shr Def 8100 AMEX Health Care Select Sector SBI 81369Y209 338 10100 SH Shr Def 10100 AMEX Consumer Staples Select S SBI 81369Y308 306 11700 SH Shr Def 11700 Sherwin Williams COM 824348106 863 13574 SH Shr Def 13574 Sigma-Aldrich COM 826552101 449 5780 SH Shr Def 800 4980 Simon Property Group COM 828806109 560 5529 SH Shr Def 5529 Southern Company COM 842587107 509 13820 SH Shr Def 13820 Sovereign Bancorp COM 845905108 283 11133 SH Shr Def 11133 Sprint Nextel COM 852061100 4591 243033 SH Shr Def 15950 227083 Staples COM 855030102 1577 59053 SH Shr Def 6500 52553 Starbucks COM 855244109 14279 403134 SH Shr Def 17400 385734 State Street Corporation COM 857477103 490 7270 SH Shr Def 7270 Stryker COM 863667101 2779 50435 SH Shr Def 1300 49135 Suntrust Banks COM 867914103 461 5464 SH Shr Def 5464 Symantec COM 871503108 2549 122245 SH Shr Def 15675 106570 Sysco COM 871829107 311 8468 SH Shr Def 8468 TXU COM 873168108 490 9030 SH Shr Def 9030 Target COM 87612E106 10288 180326 SH Shr Def 9680 170646 Telefonica SA SPON ADR 879382208 2017 31639 SH Shr Def 31639 Telefonos de Mexico SA Ser L SPON ADR 879403780 1237 43784 SH Shr Def 43784 Tellabs COM 879664100 450 43835 SH Shr Def 4400 39435 Teva Pharmaceutical Industries ADR 881624209 18525 596043 SH Shr Def 25805 570238 Texas Instruments COM 882508104 6109 212119 SH Shr Def 17280 194839 Thermo Fisher Scientific COM 883556102 2078 45893 SH Shr Def 45893 3M Company COM 88579Y101 17922 229972 SH Shr Def 6988 222984 Tiffany COM 886547108 4441 113185 SH Shr Def 113185 Time Warner COM 887317105 7622 349944 SH Shr Def 7500 342444 TranSwitch COM 894065101 2155 1539300 SH Shr Def 60000 1479300 Tribune COM 896047107 7139 231921 SH Shr Def 2200 229721 Trustco Bank Corp New York COM 898349105 114 10207 SH Shr Def 10207 Tyco International Ltd COM 902124106 530 17420 SH Shr Def 17420 UST COM 902911106 238 4085 SH Shr Def 4085 U S Bancorp COM 902973304 3539 97778 SH Shr Def 97778 Union Pacific COM 907818108 870 9450 SH Shr Def 9450 United Parcel Service Cl B COM 911312106 2633 35119 SH Shr Def 1225 33894 United States Cellular COM 911684108 487 7000 SH Shr Def 7000 United Technologies COM 913017109 7815 125003 SH Shr Def 7880 117123 UnitedHealth Group COM 91324P102 488 9076 SH Shr Def 9076 Varian Medical Systems COM 92220P105 695 14620 SH Shr Def 14620 Ventas COM 92276F100 257 6075 SH Shr Def 6075 Verizon Communications COM 92343V104 5426 145716 SH Shr Def 5020 140696 Viacom Cl B COM 92553P201 4497 109605 SH Shr Def 2634 106971 Vornado Realty Trust COM 929042109 371 3050 SH Shr Def 3050 Wachovia COM 929903102 773 13575 SH Shr Def 13575 Wal Mart Stores COM 931142103 5698 123396 SH Shr Def 770 122626 Walgreen COM 931422109 21308 464325 SH Shr Def 17465 446860 Washington Mutual COM 939322103 1028 22599 SH Shr Def 22599 Washington Post Class B COM 939640108 8186 10979 SH Shr Def 280 10699 Waste Management COM 94106L109 5651 153695 SH Shr Def 12470 141225 Wells Fargo COM 949746101 14164 398307 SH Shr Def 13772 384535 Western Digital COM 958102105 2530 123650 SH Shr Def 7000 116650 Weyerhaeuser COM 962166104 1227 17373 SH Shr Def 17373 Williams-Sonoma COM 969904101 2832 90091 SH Shr Def 90091 Wisconsin Energy COM 976657106 1196 25209 SH Shr Def 25209 Wrigley William COM 982526105 13212 255458 SH Shr Def 5275 250183 Wyeth COM 983024100 5073 99626 SH Shr Def 1000 98626 XTO Energy COM 98385X106 1286 27335 SH Shr Def 6940 20395 Yum! Brands COM 988498101 816 13877 SH Shr Def 13877 Zimmer Holdings COM 98956P102 12349 157548 SH Shr Def 10210 147338 Everest Re Group Ltd COM G3223R108 2340 23848 SH Shr Def 1200 22648 Nabors Industries Ltd SHS G6359F103 2388 80201 SH Shr Def 2140 78061 Platinum Underwriters Holdings COM G7127P100 598 19335 SH Shr Def 400 18935 Transocean ORD G90078109 359 4432 SH Shr Def 4432
-----END PRIVACY-ENHANCED MESSAGE-----