-----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, CBXBDYsqqw3upnIOX3mzk/NjzVZMg8dlqU1UnSGzho5iJ9z6yGl+BKtoZCWcJpYi ZJ5z5XlmwDwmf77SGXTVTw== 0000315498-04-000006.txt : 20041020 0000315498-04-000006.hdr.sgml : 20041020 20041020094932 ACCESSION NUMBER: 0000315498-04-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041020 DATE AS OF CHANGE: 20041020 EFFECTIVENESS DATE: 20041020 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: 041086552 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 sept04.txt 13 F REPORT SEPTEMBER 30, 2004 UNITED STATES SECURITIES AND EXCHANGE COMMISION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE REPORT FOR CALENDAR YEAR OR QUARTER ENDED: September 30, 2004 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 : THOMAS DESKE TITLE : CHIEF COMPLIANCE OFFICER PHONE : 312-832-1530 SIGNATURE, PLACE, AND DATE OF SIGNING: TOM DESKE CHICAGO, ILLINOIS September 30, 2004 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. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 1 FORM 13F INFORMATION TABLE ENTRY TOTAL: 366 FORM 13F INFORMATION TABLE VALUE TOTAL: $1,492,840 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 001957505 336 23492 SH Shr Def 23492 AT&T Wireless Services COM 00209A106 511 34560 SH Shr Def 34560 Abbott Laboratories COM 002824100 21093 497937 SH Shr Def 10832 487105 Actuant Cl A COM 00508X203 243 5892 SH Shr Def 5892 Adaptec Cvt 3% NOTE 00651FAE8 850 850000PRN Shr Def 50000 800000 Agilent Technologies COM 00846U101 1195 55424 SH Shr Def 2100 53324 Alberto-Culver COM 013068101 468 10766 SH Shr Def 10766 Alcoa COM 013817101 2214 65910 SH Shr Def 1100 64810 Allergan COM 018490102 1511 20825 SH Shr Def 20825 Allstate COM 020002101 6700 139613 SH Shr Def 2100 137513 Alltel COM 020039103 647 11784 SH Shr Def 11784 Altria Group COM 02209S103 3761 79964 SH Shr Def 1400 78564 AMBAC Financial Group COM 023139108 472 5900 SH Shr Def 5900 America Movil Ser L SPON ADR 02364W105 1244 31877 SH Shr Def 31877 American Electric Power COM 025537101 264 8275 SH Shr Def 8275 American Express COM 025816109 31535 612810 SH Shr Def 20675 592135 American International Group COM 026874107 23653 347884 SH Shr Def 15373 332511 AMETEK COM 031100100 330 10900 SH Shr Def 10900 Amgen COM 031162100 12392 218139 SH Shr Def 9980 208159 Anheuser Busch COM 035229103 6537 130872 SH Shr Def 3300 127572 Aon COM 037389103 313 10885 SH Shr Def 10885 Apple Computer COM 037833100 374 9664 SH Shr Def 9664 Applied Materials COM 038222105 171 10360 SH Shr Def 10360 AptarGroup COM 038336103 1901 43233 SH Shr Def 3300 39933 Associated Banc-Corp COM 045487105 2161 67395 SH Shr Def 1650 65745 Automatic Data Processing COM 053015103 875 21165 SH Shr Def 21165 Avon Products COM 054303102 4357 99753 SH Shr Def 9190 90563 BCE COM 05534B109 217 10000 SH Shr Def 10000 Bisys Group Cvt 4% NOTE 055472AB0 1931 1970000PRN Shr Def 100000 1870000 BJ Services COM 055482103 1806 34461 SH Shr Def 7750 26711 BP PLC SPON ADR 055622104 20223 351513 SH Shr Def 700 350813 BP Prudhoe Bay Royalty Trust S UT BEN INT 055630107 277 7000 SH Shr Def 7000 BRE Properties Cl A COM 05564E106 230 6000 SH Shr Def 6000 Baker Hughes COM 057224107 260 5950 SH Shr Def 5950 Bank of America COM 060505104 15580 359556 SH Shr Def 12474 347082 Bank of New York COM 064057102 7386 253207 SH Shr Def 18945 234262 Baxter International COM 071813109 721 22408 SH Shr Def 500 21908 BEA Systems COM 073325102 1657 239748 SH Shr Def 23150 216598 BEA Systems Cvt 4% NOTE 073325AD4 7550 7578000PRN Shr Def 235000 7343000 Beckman Coulter COM 075811109 6332 112824 SH Shr Def 6350 106474 Becton Dickinson COM 075887109 264 5100 SH Shr Def 1000 4100 Bed Bath & Beyond COM 075896100 951 25621 SH Shr Def 800 24821 BellSouth COM 079860102 2423 89348 SH Shr Def 4000 85348 Berkshire Hathaway Cl A COM 084670108 3899 45 SH Shr Def 45 Berkshire Hathaway Cl B COM 084670207 1909 665 SH Shr Def 55 610 Best Buy Companies COM 086516101 1799 33175 SH Shr Def 2400 30775 BHP Billiton Ltd SPON ADR 088606108 320 15438 SH Shr Def 15438 Big Lots COM 089302103 124 10156 SH Shr Def 10156 Biogen Idec COM 09062X103 522 8532 SH Shr Def 8532 Biotech HOLDRs DEP REC 09067D201 275 1900 SH Shr Def 1900 Boeing COM 097023105 1728 33478 SH Shr Def 33478 Brinker International COM 109641100 733 23524 SH Shr Def 23524 Bristol-Myers Squibb COM 110122108 3445 145555 SH Shr Def 145 145410 Burlington Northern Santa Fe COM 12189T104 520 13585 SH Shr Def 13585 Burlington Resources COM 122014103 489 11982 SH Shr Def 11982 CIGNA COM 125509109 480 6900 SH Shr Def 6900 CSX Cvt DBCV 126408GA5 506 600000PRN Shr Def 600000 CVS COM 126650100 665 15776 SH Shr Def 15776 Cadbury Schweppes Plc ADR 127209302 1207 39050 SH Shr Def 39050 Campbell Soup COM 134429109 765 29100 SH Shr Def 29100 Cardinal Health COM 14149Y108 1299 29689 SH Shr Def 2350 27339 CarrAmerica Realty COM 144418100 1268 38775 SH Shr Def 900 37875 Catellus Development COM 149113102 1345 50727 SH Shr Def 50727 Caterpillar COM 149123101 14913 185365 SH Shr Def 9425 175940 Cedar Fair Ltd Prtnshp DEP UT 150185106 7334 239272 SH Shr Def 239272 Cendant COM 151313103 11151 516248 SH Shr Def 28470 487778 Chesapeake Energy COM 165167107 5806 366750 SH Shr Def 31800 334950 ChevronTexaco COM 166764100 7262 135390 SH Shr Def 4400 130990 Chicago Mercantile Exchange CL COM 167760107 968 6000 SH Shr Def 6000 Chiron COM 170040109 423 9568 SH Shr Def 1291 8277 Chubb COM 171232101 1880 26749 SH Shr Def 26749 Cisco Systems COM 17275R102 7860 434229 SH Shr Def 8300 425929 Citigroup COM 172967101 16905 383163 SH Shr Def 19450 363713 Clear Channel Communications COM 184502102 3465 111167 SH Shr Def 12791 98376 Clorox COM 189054109 499 9358 SH Shr Def 100 9258 CoBiz COM 190897108 309 18700 SH Shr Def 18700 Coca-Cola COM 191216100 6660 166282 SH Shr Def 2669 163613 Cognos COM 19244C109 298 8400 SH Shr Def 150 8250 Colgate-Palmolive COM 194162103 2110 46712 SH Shr Def 1075 45637 Colonial BancGroup COM 195493309 312 15250 SH Shr Def 15250 Comcast Cl A COM 20030N101 3117 110382 SH Shr Def 631 109751 Comcast Spec Com Cl A COM 20030N200 9782 350341 SH Shr Def 22718 327623 Comerica COM 200340107 2694 45400 SH Shr Def 45400 Comtech Telecommunications COM 205826209 671 24750 SH Shr Def 24750 Comverse Technology COM 205862402 389 20680 SH Shr Def 20680 ConAgra Foods COM 205887102 239 9280 SH Shr Def 9280 ConocoPhillips COM 20825C104 2807 33884 SH Shr Def 1367 32517 Conseco Wts Ex 9/08 WT 208464123 1911 597250 SH Shr Def 21000 576250 Consolidated Edison COM 209115104 217 5150 SH Shr Def 5150 Constellation Energy Group COM 210371100 251 6307 SH Shr Def 6307 Corning COM 219350105 301 27158 SH Shr Def 900 26258 Corporate Office Properties SH BEN INT 22002T108 4186 163375 SH Shr Def 2550 160825 Costco Wholesale COM 22160K105 6829 164508 SH Shr Def 6485 158023 Cox Communications Cl A COM 224044107 1693 51104 SH Shr Def 1000 50104 DNP Select Income Fd COM 23325P104 252 22416 SH Shr Def 22416 D R Horton COM 23331A109 438 13241 SH Shr Def 13241 DTE Energy COM 233331107 308 7305 SH Shr Def 7305 Danaher COM 235851102 308 6000 SH Shr Def 6000 Deere & Co COM 244199105 2161 33475 SH Shr Def 2100 31375 Dell COM 24702R101 3953 111045 SH Shr Def 200 110845 Deluxe COM 248019101 743 18118 SH Shr Def 18118 DiaSys COM 252838107 26 51000 SH Shr Def 51000 Disney Walt COM 254687106 10539 467354 SH Shr Def 14915 452439 Document Sciences COM 25614R105 123 24200 SH Shr Def 24200 Dominion Resources/VA COM 25746U109 272 4176 SH Shr Def 4176 Dover COM 260003108 466 12000 SH Shr Def 12000 Dow Chemical COM 260543103 1003 22209 SH Shr Def 500 21709 Du Pont E I COM 263534109 2723 63610 SH Shr Def 350 63260 Duke Energy COM 264399106 426 18624 SH Shr Def 18624 Dun & Bradstreet COM 26483E100 885 15075 SH Shr Def 15075 EMC COM 268648102 654 56683 SH Shr Def 7700 48983 ENI SpA SPON ADR 26874R108 2611 23253 SH Shr Def 1000 22253 EPIX Pharmaceuticals COM 26881Q101 1320 68367 SH Shr Def 1000 67367 EarthLink COM 270321102 108 10488 SH Shr Def 10488 Elan PLC ADR 284131208 510 21813 SH Shr Def 600 21213 Emerson Electric COM 291011104 1087 17561 SH Shr Def 250 17311 Emmis Communications Cl A COM 291525103 685 37946 SH Shr Def 37946 Energizer Holdings COM 29266R108 1573 34124 SH Shr Def 950 33174 Entergy COM 29364G103 1906 31455 SH Shr Def 31455 Entravision Communications CL COM 29382R107 780 102500 SH Shr Def 102500 Equity Office Properties Trust COM 294741103 2060 75588 SH Shr Def 1500 74088 Exelon COM 30161N101 772 21038 SH Shr Def 1000 20038 Exxon Mobil COM 30231G102 41206 852605 SH Shr Def 11450 841155 FPL Group COM 302571104 263 3845 SH Shr Def 3845 Federal National Mortgage Assn COM 313586109 12614 198966 SH Shr Def 5250 193716 Federated Department Stores COM 31410H101 388 8550 SH Shr Def 300 8250 Fifth Third Bancorp COM 316773100 894 18156 SH Shr Def 18156 First Data COM 319963104 21419 492383 SH Shr Def 14583 477800 First Midwest Bancorp IL COM 320867104 1056 30556 SH Shr Def 30556 Fiserv COM 337738108 7191 206294 SH Shr Def 14150 192144 Forest Laboratories COM 345838106 726 16150 SH Shr Def 800 15350 Fortune Brands COM 349631101 495 6687 SH Shr Def 200 6487 Fox Entertainment Group Cl A COM 35138T107 1531 55192 SH Shr Def 1350 53842 Gallaher Group PLC SPON ADR 363595109 236 5068 SH Shr Def 5068 Gannett COM 364730101 4580 54686 SH Shr Def 2150 52536 Gap COM 364760108 1914 102602 SH Shr Def 15400 87202 Genentech COM 368710406 566 10800 SH Shr Def 2000 8800 General Electric COM 369604103 61163 1821422 SH Shr Def 39225 1782197 General Growth Properties COM 370021107 1230 39675 SH Shr Def 39675 General Mills COM 370334104 478 10650 SH Shr Def 10650 General Motors COM 370442105 379 8920 SH Shr Def 8920 Gilead Sciences COM 375558103 4796 128314 SH Shr Def 8750 119564 Gillette COM 375766102 12154 291189 SH Shr Def 11350 279839 GlaxoSmithKline PLC ADS SPON ADR 37733W105 2001 45758 SH Shr Def 2300 43458 Glenborough Realty Trust COM 37803P105 1703 81995 SH Shr Def 1800 80195 Grainger W W COM 384802104 5544 96175 SH Shr Def 700 95475 Guidant COM 401698105 310 4700 SH Shr Def 4700 HRPT Properties Trust COM 40426W101 122 11116 SH Shr Def 1116 10000 HSBC Hldgs PLC SPON ADR 404280406 3008 37690 SH Shr Def 1500 36190 Hanover Compress Cvt 4.75% NOTE 410768AC9 2484 2615000PRN Shr Def 110000 2505000 Harland John H COM 412693103 266 8500 SH Shr Def 8500 Harley-Davidson COM 412822108 350 5882 SH Shr Def 5882 Hartford Financial Services Gr COM 416515104 480 7753 SH Shr Def 7753 Health Care Property Investors COM 421915109 496 19084 SH Shr Def 19084 Heinz H J COM 423074103 2238 62124 SH Shr Def 2400 59724 Hershey Foods COM 427866108 561 12010 SH Shr Def 12010 Hewlett-Packard COM 428236103 1936 103228 SH Shr Def 2126 101102 Hirsch International COM 433550100 18 20000 SH Shr Def 20000 Home Depot COM 437076102 10811 275782 SH Shr Def 17325 258457 Honeywell International COM 438516106 5269 146940 SH Shr Def 5000 141940 Hospira COM 441060100 327 10671 SH Shr Def 305 10366 Huntington Bancshares COM 446150104 2769 111141 SH Shr Def 111141 IAC/InterActiveCorp COM 44919P102 1482 67300 SH Shr Def 300 67000 IMS Health COM 449934108 754 31517 SH Shr Def 31517 ITT Industries COM 450911102 204 2548 SH Shr Def 2548 IDEX COM 45167R104 4884 143807 SH Shr Def 337 143470 Illinois Tool Works COM 452308109 2236 23996 SH Shr Def 100 23896 IMCOR Pharmaceutial COM 45248E106 9 63125 SH Shr Def 63125 Intel COM 458140100 15313 763377 SH Shr Def 26770 736607 International Business Machine COM 459200101 59466 693557 SH Shr Def 12075 681482 International Game Technology COM 459902102 279 7764 SH Shr Def 7764 International Paper COM 460146103 255 6300 SH Shr Def 6300 International Rectifier COM 460254105 6598 192367 SH Shr Def 14800 177567 Intl Rectifier Cvt 4.25% NOTE 460254AE5 6794 6897000PRN Shr Def 415000 6482000 Interpublic Group Cos COM 460690100 268 25348 SH Shr Def 25348 Intuit COM 461202103 431 9500 SH Shr Def 9500 iShares MSCI Japan Index Fd COM 464286848 1110 114450 SH Shr Def 6000 108450 iShares MSCI Emerging Mkts Ind COM 464287234 526 3052 SH Shr Def 3052 iShares S&P500/BARRA Vaue Inde COM 464287408 343 5960 SH Shr Def 5960 iShares MSCI EAFE Index Fd COM 464287465 2433 17203 SH Shr Def 150 17053 iShares S&P MidCap 400/Value I COM 464287705 1467 12730 SH Shr Def 12730 iShares DJ US Tech Sec Ind Fd COM 464287721 256 5950 SH Shr Def 5950 iShares S&P SmlCap 600 Index F COM 464287804 2875 19931 SH Shr Def 150 19781 iShares S&P SmallCap 600/Val I COM 464287879 247 2260 SH Shr Def 2260 iShares S&P S/C 600/Barra Grw COM 464287887 233 2465 SH Shr Def 2465 IVAX COM 465823102 881 45996 SH Shr Def 375 45621 Ivax Cvt 4.5% NOTE 465823AG7 4212 4255000PRN Shr Def 370000 3885000 JDS Uniphase COM 46612J101 90 26760 SH Shr Def 26760 JPMorgan Chase & Co COM 46625H100 32965 829718 SH Shr Def 28355 801363 Johnson & Johnson COM 478160104 46459 824757 SH Shr Def 21352 803405 Juniper Networks COM 48203R104 271 11470 SH Shr Def 200 11270 KFx COM 48245L107 256 33200 SH Shr Def 33200 Kemet COM 488360108 81 10000 SH Shr Def 10000 Kimberly Clark COM 494368103 3776 58458 SH Shr Def 1500 56958 Kinder Morgan Energy Partners LTD 494550106 1206 25750 SH Shr Def 25750 Knight Ridder COM 499040103 1577 24100 SH Shr Def 700 23400 Kohls COM 500255104 986 20455 SH Shr Def 600 19855 Koninklijke Philips Electronic COM 500472303 7014 306137 SH Shr Def 8718 297419 Kraft Foods Cl A COM 50075N104 1284 40465 SH Shr Def 550 39915 LSI Logic COM 502161102 1349 313100 SH Shr Def 14800 298300 LSI Logic Cvt 4% NOTE 502161AG7 2638 2685000PRN Shr Def 100000 2585000 Estee Lauder Cl A COM 518439104 2929 70070 SH Shr Def 9325 60745 Leggett & Platt COM 524660107 680 24200 SH Shr Def 24200 Liberty Media Cl A COM 530718105 11857 1359789 SH Shr Def 26078 1333711 Liberty Media International-A COM 530719103 552 16548 SH Shr Def 16548 Lilly Eli COM 532457108 2427 40415 SH Shr Def 500 39915 Lincoln National COM 534187109 717 15261 SH Shr Def 1000 14261 Lockheed Martin COM 539830109 12319 220846 SH Shr Def 8480 212366 Loews Cvt 3.125% NOTE 540424AL2 2540 2595000PRN Shr Def 75000 2520000 Lowe's Companies COM 548661107 2959 54439 SH Shr Def 800 53639 Lucent Technologies COM 549463107 140 44094 SH Shr Def 624 43470 MAF Bancorp COM 55261R108 563 13054 SH Shr Def 13054 MBIA COM 55262C100 7690 132108 SH Shr Def 132108 MBNA COM 55262L100 1018 40414 SH Shr Def 40414 MB Financial COM 55264U108 7016 176986 SH Shr Def 3200 173786 MGIC Investment COM 552848103 1694 25453 SH Shr Def 1832 23621 MVC Capital COM 553829102 220 23500 SH Shr Def 23500 Marsh & McLennan COM 571748102 6926 151353 SH Shr Def 2775 148578 Marshall & Ilsley COM 571834100 225 5576 SH Shr Def 5576 Masco COM 574599106 634 18350 SH Shr Def 18350 May Department Stores COM 577778103 2109 82267 SH Shr Def 82267 McClatchy Cl A COM 579489105 310 4375 SH Shr Def 4375 McCormick Non-Voting COM 579780206 9635 280566 SH Shr Def 9775 270791 McDonalds COM 580135101 17078 609279 SH Shr Def 13250 596029 McGraw Hill Companies COM 580645109 502 6300 SH Shr Def 6300 Medimmune COM 584699102 1043 44003 SH Shr Def 1850 42153 Medtronic COM 585055106 14501 279397 SH Shr Def 18655 260742 Mellon Financial COM 58551A108 241 8706 SH Shr Def 8706 Merck COM 589331107 18705 566816 SH Shr Def 10630 556186 Microsoft COM 594918104 40574 1467403 SH Shr Def 56335 1411068 Midas COM 595626102 680 41956 SH Shr Def 41956 S&P Mid-Cap 400 Depositar Recp UT SR 1 595635103 2899 26755 SH Shr Def 535 26220 Moody's COM 615369105 1696 23150 SH Shr Def 23150 Morgan Stanley & Co COM 617446448 576 11691 SH Shr Def 11691 Motorola COM 620076109 1467 81336 SH Shr Def 1137 80199 Murphy Oil COM 626717102 12634 145601 SH Shr Def 7375 138226 Mylan Laboratories COM 628530107 4190 232772 SH Shr Def 232772 NTL COM 62940M104 2581 41588 SH Shr Def 5700 35888 NTL Wts Ex 1/13/11 WT 62940M138 1434 270050 SH Shr Def 10000 260050 NASDAQ- 100 Shares UT SR 1 631100104 791 22519 SH Shr Def 1000 21519 National City COM 635405103 1291 33429 SH Shr Def 833 32596 National-Oilwell COM 637071101 3617 110075 SH Shr Def 2700 107375 NAVTEQ COM 63936L100 315 8831 SH Shr Def 8831 Net2Phone COM 64108N106 42 13000 SH Shr Def 13000 New York Times Cl A COM 650111107 555 14205 SH Shr Def 14205 Newell Rubbermaid COM 651229106 4968 247920 SH Shr Def 4250 243670 Newmont Mining COM 651639106 327 7183 SH Shr Def 7183 NICOR COM 654086107 281 7660 SH Shr Def 7660 Nokia Cl A SPON ADR 654902204 523 38148 SH Shr Def 1700 36448 Nordstrom COM 655664100 2950 77150 SH Shr Def 2500 74650 Nortel Networks COM 656568102 143 42046 SH Shr Def 785 41261 Northern Border Partners LP LTD 664785102 268 5869 SH Shr Def 5869 Northern Trust COM 665859104 11727 287436 SH Shr Def 7500 279936 Northfield Laboratories COM 666135108 477 35700 SH Shr Def 35700 Northrop Grumman COM 666807102 7011 131469 SH Shr Def 12080 119389 NovaMed COM 66986W108 47 11133 SH Shr Def 11133 Nuveen Investments Cl A COM 67090F106 444 15000 SH Shr Def 15000 Nuveen Municipal Value Fund COM 670928100 141 15358 SH Shr Def 15358 Office Depot COM 676220106 2408 160185 SH Shr Def 8550 151635 Old Republic International COM 680223104 10178 406642 SH Shr Def 13032 393610 Omnicom Group COM 681919106 2238 30635 SH Shr Def 700 29935 Oracle COM 68389X105 1412 125156 SH Shr Def 3500 121656 PNC Financial Services Group COM 693475105 1840 34008 SH Shr Def 34008 PPG Industries COM 693506107 264 4315 SH Shr Def 4315 PS Business Parks COM 69360J107 399 10000 SH Shr Def 10000 Paychex COM 704326107 3927 130255 SH Shr Def 13210 117045 Payless ShoeSource COM 704379106 155 15331 SH Shr Def 15331 Penney J C COM 708160106 1446 41000 SH Shr Def 41000 Penney J C Cvt 5% NOTE 708160BV7 3434 2775000PRN Shr Def 75000 2700000 Peoples Energy COM 711030106 824 19769 SH Shr Def 19769 PepsiAmericas COM 71343P200 4592 240443 SH Shr Def 240443 PepsiCo COM 713448108 26146 537435 SH Shr Def 18425 519010 Pfizer COM 717081103 42723 1396176 SH Shr Def 35695 1360481 Pitney Bowes COM 724479100 1557 35300 SH Shr Def 35300 Plum Creek Timber Company COM 729251108 978 27920 SH Shr Def 1000 26920 Procter & Gamble COM 742718109 46415 857626 SH Shr Def 19710 837916 Prologis SH BEN INT 743410102 6033 171194 SH Shr Def 9727 161467 Public Storage COM 74460D109 5787 116785 SH Shr Def 4100 112685 Puget Energy COM 745310102 1967 86634 SH Shr Def 86634 QUALCOMM COM 747525103 1133 29016 SH Shr Def 29016 Quicksilver Resources COM 74837R104 7093 217125 SH Shr Def 18130 198995 Rite Aid COM 767754104 222 63198 SH Shr Def 63198 Royal Dutch Petroleum NY Shs COM 780257804 6736 130552 SH Shr Def 1800 128752 SBC Communications COM 78387G103 9810 378050 SH Shr Def 14845 363205 SPDR 500 Trust UT SR 1 78462F103 2414 21604 SH Shr Def 1102 20502 Safeway COM 786514208 1745 90355 SH Shr Def 3100 87255 St Jude Medical COM 790849103 245 3250 SH Shr Def 3250 St Paul Travelers Companies COM 792860108 1879 56821 SH Shr Def 11395 45426 Salomon Brothers Fund COM 795477108 204 17169 SH Shr Def 17169 San Juan Basin Royalty Trust COM 798241105 854 28000 SH Shr Def 28000 Sara Lee COM 803111103 1936 84700 SH Shr Def 84700 Schering - Plough COM 806605101 4120 216167 SH Shr Def 900 215267 Schlumberger Ltd COM 806857108 17674 262577 SH Shr Def 6163 256414 Charles Schwab COM 808513105 398 43277 SH Shr Def 43277 Scripps E W Cl A COM 811054204 7561 158244 SH Shr Def 9770 148474 Scudder Intermediate Govt Tr SH BEN INT 811163104 85 12713 SH Shr Def 12713 Sealed Air COM 81211K100 270 5815 SH Shr Def 600 5215 Sears Roebuck COM 812387108 221 5550 SH Shr Def 5550 Materials Select Sect SPDR Tr COM 81369Y100 245 8900 SH Shr Def 8900 AMEX Health Care Select Sector COM 81369Y209 370 12850 SH Shr Def 12850 Shell Trans & Trading Pub Ltd ADR 822703609 209 4700 SH Shr Def 4700 Sherwin Williams COM 824348106 720 16374 SH Shr Def 16374 Siebel Systems COM 826170102 401 53226 SH Shr Def 53226 Sigma-Aldrich COM 826552101 360 6200 SH Shr Def 6200 Southern Company COM 842587107 446 14865 SH Shr Def 1500 13365 Sovereign Bancorp COM 845905108 229 10500 SH Shr Def 10500 Sprint FON Group COM 852061100 586 29123 SH Shr Def 29123 Staples COM 855030102 264 8852 SH Shr Def 8852 Starbucks COM 855244109 13091 287962 SH Shr Def 16400 271562 State Street Corporation COM 857477103 377 8820 SH Shr Def 8820 Stryker COM 863667101 1991 41400 SH Shr Def 300 41100 Sun Microsystems COM 866810104 70 17296 SH Shr Def 280 17016 SunGard Data Systems COM 867363103 3942 165840 SH Shr Def 18225 147615 Suntrust Banks COM 867914103 493 7004 SH Shr Def 7004 SUPERVALU COM 868536103 1113 40400 SH Shr Def 1000 39400 Supervalue Cvt NOTE 868536AP8 1866 5720000PRN Shr Def 360000 5360000 Symantec COM 871503108 340 6200 SH Shr Def 6200 Sysco COM 871829107 383 12789 SH Shr Def 12789 TXU COM 873168108 331 6898 SH Shr Def 6898 Target COM 87612E106 8316 183785 SH Shr Def 13040 170745 Telefonica SA SPON ADR 879382208 1641 36485 SH Shr Def 36485 Telefonos de Mexico SA Ser L SPON ADR 879403780 1036 32092 SH Shr Def 32092 Tellabs COM 879664100 880 95749 SH Shr Def 6100 89649 Teva Pharmaceutical Industries ADR 881624209 7962 306827 SH Shr Def 23700 283127 Texas Instruments COM 882508104 374 17554 SH Shr Def 1000 16554 Thermo Electron COM 883556102 1073 39699 SH Shr Def 39699 3M Company COM 88579Y101 19455 243281 SH Shr Def 10630 232651 Tiffany COM 886547108 3718 120959 SH Shr Def 300 120659 Time Warner COM 887317105 8966 555484 SH Shr Def 19783 535701 Tribune COM 896047107 17191 417774 SH Shr Def 8100 409674 Trustco Bank Corp New York COM 898349105 131 10207 SH Shr Def 10207 Tyco International Ltd COM 902124106 663 21629 SH Shr Def 21629 U S Bancorp COM 902973304 4238 146654 SH Shr Def 700 145954 Union Pacific COM 907818108 555 9477 SH Shr Def 9477 United Parcel Service Cl B COM 911312106 1638 21569 SH Shr Def 1625 19944 United States Cellular COM 911684108 308 7139 SH Shr Def 7139 United Technologies COM 913017109 4569 48926 SH Shr Def 1600 47326 UnitedHealth Group COM 91324P102 274 3718 SH Shr Def 3718 Unitrin COM 913275103 212 5100 SH Shr Def 5100 Unocal COM 915289102 457 10635 SH Shr Def 10635 Varian Medical Systems COM 92220P105 746 21570 SH Shr Def 21570 Verizon Communications COM 92343V104 7945 201752 SH Shr Def 7350 194402 Viacom Cl A COM 925524100 340 10001 SH Shr Def 10001 Vion Pharmaceuticals COM 927624106 51 12000 SH Shr Def 12000 Vodafone Group PLC SPON ADR 92857W100 10735 445243 SH Shr Def 8325 436918 Vornado Realty Trust COM 929042109 1015 16200 SH Shr Def 1000 15200 Wachovia COM 929903102 391 8318 SH Shr Def 8318 Wal Mart Stores COM 931142103 10548 198272 SH Shr Def 13295 184977 Walgreen COM 931422109 10039 280176 SH Shr Def 13375 266801 Washington Mutual COM 939322103 713 18241 SH Shr Def 1096 17145 Washington Post Class B COM 939640108 6084 6613 SH Shr Def 100 6513 Waste Management COM 94106L109 3505 128200 SH Shr Def 2850 125350 Wells Fargo COM 949746101 11702 196244 SH Shr Def 5370 190874 Westwood One COM 961815107 780 39450 SH Shr Def 350 39100 Weyerhaeuser COM 962166104 1132 17031 SH Shr Def 17031 Williams-Sonoma COM 969904101 3414 90918 SH Shr Def 90918 Wisconsin Energy COM 976657106 944 29597 SH Shr Def 29597 Wrigley William COM 982526105 8518 134539 SH Shr Def 600 133939 Wyeth COM 983024100 6517 174241 SH Shr Def 4500 169741 XM Satellite Radio Hldgs Cl A COM 983759101 1734 55898 SH Shr Def 577 55321 Yum! Brands COM 988498101 1148 28242 SH Shr Def 28242 Zimmer Holdings COM 98956P102 8564 108347 SH Shr Def 7725 100622 Everest Re Group Ltd COM G3223R108 2938 39520 SH Shr Def 2000 37520 Nabors Industries Ltd SHS G6359F103 10021 211640 SH Shr Def 17355 194285 Transocean ORD G90078109 225 6293 SH Shr Def 6293 Check Point Software Tech ORD M22465104 1777 104700 SH Shr Def 5700 99000
-----END PRIVACY-ENHANCED MESSAGE-----