-----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, BdsXiMy0wWV6hUaj/9r0+17Sa8YuXrb7N5AwRsP4VbCBn2xYCSi8R/O5NKhH5es0 P/kfaZwxokQSkErl0sPAOA== 0001316617-08-000003.txt : 20080117 0001316617-08-000003.hdr.sgml : 20080117 20080117144749 ACCESSION NUMBER: 0001316617-08-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080117 DATE AS OF CHANGE: 20080117 EFFECTIVENESS DATE: 20080117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Saturna Capital CORP CENTRAL INDEX KEY: 0001316617 IRS NUMBER: 911454817 STATE OF INCORPORATION: WA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11042 FILM NUMBER: 08535735 BUSINESS ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 BUSINESS PHONE: 360-734-9900 MAIL ADDRESS: STREET 1: 1300 N. STATE ST. CITY: BELLINGHAM STATE: WA ZIP: 98225 13F-HR 1 form13f20071231.txt YEAR END HOLDINGS REPORT, DECEMBER 31, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year Ended: December 31, 2007 Institutional Investment Manager Filing this Report: SATURNA CAPITAL CORPORATION 1300 N. STATE ST. BELLINGHAM, WA 98225 Form 13F File Number: 28-11042 The institutional investment manger 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: NICHOLAS KAISER PRESIDENT (360) 734-9900 /s/ Nicholas Kaiser Bellingham, WA January 17, 2008 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 525 Form 13F information table value total: $911,855 List of other included managers: None Name of Issuer Title of Class CUSIP Value*1000 Amount Type Discretion Other Man Voting Auth 3Com Common Stock 885535104 133 31045 SH SOLE None 31045 3M Common Stock 88579Y101 4309 51100 SH SOLE None 51100 51job ADR ADR 316827104 144 8000 SH SOLE None 8000 Abbott Laboratories Common Stock 2824100 5537 98617 SH SOLE None 98617 Accenture LTD-CL A Common Stock G1150G111 119 3300 SH SOLE None 3300 Activision Common Stock 4930202 214 7198 SH SOLE None 7198 Adobe Systems Common Stock 00724F101 9534 223870 SH SOLE None 223870 Advanced Micro Devices Common Stock 7903107 2689 360000 SH SOLE None 360000 Advisory Board Common Stock 00762W107 9 140 SH SOLE None 140 Aegon NV Common Stock 7924103 91 5204 SH SOLE None 5204 Affiliated Computer Services Common Stock 8190100 10 217 SH SOLE None 217 Agilent Technologies Common Stock 00846U101 7954 216522 SH SOLE None 216522 Air France-KLM ADR ADR 9119108 139 4000 SH SOLE None 4000 Air Products & Chemicals Common Stock 9158106 4950 50184 SH SOLE None 50184 Airgas Common Stock 9363102 12 223 SH SOLE None 223 Akamai Technologies Common Stock 00971T101 138 4000 SH SOLE None 4000 Alabama Power Co Common Stock 10392496 140 6000 SH SOLE None 6000 Alabama Power Series JJ Preferred Stock 10392520 26 1000 SH SOLE None 1000 Alcoa Common Stock 13817101 6151 168890 SH SOLE None 168890 Amazon.com Common Stock 23135106 5083 55400 SH SOLE None 55400 Ameren Common Stock 23608102 16 300 SH SOLE None 300 America Movil SAB de CV ADS ADR 02364W105 10488 170850 SH SOLE None 170850 American Axle and MFG Holdings Common Stock 24061103 2 105 SH SOLE None 105 American Eagle Outfitters Inc. Common Stock 2.55E+109 6255 301150 SH SOLE None 301150 American Electric Power Common Stock 25537101 6 120 SH SOLE None 120 American Oriental Bioengineering Common Stock 28731107 166 15000 SH SOLE None 15000 AmerisourceBergen Corp Common Stock 3.07E+108 2 55 SH SOLE None 55 Amgen Common Stock 31162100 7217 155294 SH SOLE None 155294 Anadarko Petroleum Common Stock 32511107 26 389 SH SOLE None 389 Analog Devices Common Stock 32654105 16 500 SH SOLE None 500 Anglo American PLC ADR ADR 03485P201 11194 368591 SH SOLE None 368591 Ansoft Common Stock 36384105 7 266 SH SOLE None 266 ANSYS Inc Common Stock 03662Q105 18 424 SH SOLE None 424 Aon Corp Common Stock 37389103 119 2496 SH SOLE None 2496 Apache Common Stock 37411105 57 532 SH SOLE None 532 Apartment Investment & Management Common Stock 03748R101 139 4000 SH SOLE None 4000 Apartment Investment & Management Preferred Stock 03748r408 39 1600 SH SOLE None 1600 Apple Common Stock 37833100 38493 195110 SH SOLE None 195110 Applera Corp-Applied Biosystems Common Stock 38020103 27 800 SH SOLE None 800 Arch Coal Common Stock 39380100 10 224 SH SOLE None 224 Arkema ADS ADR 41232109 1 17 SH SOLE None 17 ARM Holdings plc ADS ADR 42068106 23 3111 SH SOLE None 3111 Asia Pacific Fund Common Stock 44901106 18 757 SH SOLE None 757 AstraZeneca PLC ADS ADR 46353108 2441 57000 SH SOLE None 57000 AT&T Common Stock 00206R102 6162 148276 SH SOLE None 148276 AudioCodes Ltd. Common Stock 1082965 40 8000 SH SOLE None 8000 Australia & New Zealand Banking ADR 52528304 430 3587 SH SOLE None 3587 Autodesk Common Stock 52769106 45 900 SH SOLE None 900 Autoliv Common Stock 52800109 2116 40153 SH SOLE None 40153 Avery Dennison Common Stock 53611109 2126 40000 SH SOLE None 40000 Avista Corp. Common Stock 05379B107 3267 151650 SH SOLE None 151650 AXA ADS ADR 54536107 206 5200 SH SOLE None 5200 Banco Bilbao Vizcaya Argentaria SA ADR 05946K101 182 7500 SH SOLE None 7500 Bank of America Common Stock 60505104 31 744 SH SOLE None 744 Bank of New York Mellon Common Stock 64058100 147 3018 SH SOLE None 3018 Barr Pharmaceuticals Common Stock 68306109 8555 160889 SH SOLE None 160889 BASF AG ADS ADR 55262505 3945 26925 SH SOLE None 26925 BCE Common Stock 05534B760 2687 67619 SH SOLE None 67619 Bearingpoint Common Stock 74002106 3 944 SH SOLE None 944 Bed Bath & Beyond Common Stock 75896100 4689 160019 SH SOLE None 160019 Best Buy Common Stock 86516101 8905 169732 SH SOLE None 169732 BHP Billiton Ltd. ADS ADR 88606108 5062 72270 SH SOLE None 72270 Black & Decker Corp. Common Stock 91797100 3019 43350 SH SOLE None 43350 Boston Scientific Common Stock 101137107 17 1450 SH SOLE None 1450 BP PLC ADS ADR 55622104 11524 157502 SH SOLE None 157502 Brandywine Realty Trust Common Stock 105368203 7 397 SH SOLE None 397 Bristol-Myers Squibb Common Stock 110122108 443 16689 SH SOLE None 16689 British Sky Broadcasting ADS ADR 111013108 5 100 SH SOLE None 100 "Bucyrus International, A" Common Stock 118759109 8 82 SH SOLE None 82 Building Materials Holding Common Stock 120113105 519 93900 SH SOLE None 93900 Bunge Limited Common Stock 13317810 6 50 SH SOLE None 50 Burlington Northern Santa Fe Corp. Common Stock 12189T104 4861 58400 SH SOLE None 58400 Business Objects SA ADS ADR 12328X107 13063 214500 SH SOLE None 214500 "Cablevision Systems, Cl 'A'" Common Stock 12686C109 16 641 SH SOLE None 641 Cadbury Schweppes PLC ADS ADR 127209302 203 4117 SH SOLE None 4117 Cadence Design Systems Common Stock 127387108 2 134 SH SOLE None 134 CAE Common Stock 124765108 4 335 SH SOLE None 335 Canadian National Railway Common Stock 136375102 4543 96800 SH SOLE None 96800 Canadian Pacific Railway Ltd. Common Stock 13645T100 16598 256780 SH SOLE None 256780 Canon ADS ADR 138006309 9639 210330 SH SOLE None 210330 Capital One Financial Common Stock 14040H105 5 100 SH SOLE None 100 Carmax Common Stock 143130102 33 1680 SH SOLE None 1680 Cascade Financial Common Stock 147357107 101 7462 SH SOLE None 7462 Caterpillar Common Stock 149123101 44 600 SH SOLE None 600 Centex Common Stock 152312104 2 85 SH SOLE None 85 Charles River Laboratories Common Stock 159864107 98 1495 SH SOLE None 1495 Charles Schwab Common Stock 808513105 580 25000 SH SOLE None 25000 Chattem Common Stock 162456107 7 95 SH SOLE None 95 Check Point Software Tech Ltd Common Stock 1082411 8 346 SH SOLE None 346 Chemtura Common Stock 163893100 4 465 SH SOLE None 465 Cheung Kong HLDG UNSP/ADR ADR 166744201 6 328 SH SOLE None 328 ChevronTexaco Common Stock 166764100 332 3554 SH SOLE None 3554 Chico's FAS Common Stock 168615102 1 124 SH SOLE None 124 China Mobile ADS ADR 16941M109 6090 70100 SH SOLE None 70100 China Telecom ADR ADR 169426103 3 40 SH SOLE None 40 Chubb Common Stock 171232101 307 5750 SH SOLE None 5750 Chunghwa Telecom Co. Ltd. ADR ADR 17133Q304 3683 174452 SH SOLE None 174452 Church & Dwight Common Stock 171340102 14 253 SH SOLE None 253 Cintas Common Stock 172908105 10 299 SH SOLE None 299 Cisco Systems Inc. Common Stock 17275R102 9870 364598 SH SOLE None 364598 Citigroup Common Stock 172967101 29 999 SH SOLE None 999 Clorox Co. Common Stock 189054109 8146 125000 SH SOLE None 125000 Coach Inc. Common Stock 189754104 5220 170700 SH SOLE None 170700 Coca-Cola Co Common Stock 191216100 66 1080 SH SOLE None 1080 Coca-Cola Femsa SAB de CV ADS ADR 191241108 341 6926 SH SOLE None 6926 Colgate-Palmolive Co. Common Stock 194162103 4989 64000 SH SOLE None 64000 "Comcast, Special Cl A" Common Stock 200300200 4 204 SH SOLE None 204 Companhia Vale do Rio Doce ADR ADR 204412209 196 6000 SH SOLE None 6000 Comtech Communications Common Stock 205826209 54 1000 SH SOLE None 1000 Concho Resources Common Stock 20605P101 9 422 SH SOLE None 422 ConocoPhillips Common Stock 20825C104 5921 67057 SH SOLE None 67057 Convergys Common Stock 212485106 4950 300700 SH SOLE None 300700 Copa Holdings SA Common Stock P31076105 188 5000 SH SOLE None 5000 Corning Common Stock 219350105 7 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 21 1000 SH SOLE None 1000 Costco Wholesale Common Stock 22160K105 28 400 SH SOLE None 400 Covidien LTD Common Stock G2552X108 15 341 SH SOLE None 341 Crane Common Stock 224399105 7293 170000 SH SOLE None 170000 Cree Common Stock 225447101 4642 169000 SH SOLE None 169000 CRH PLC ADS ADR 12626K203 160 4600 SH SOLE None 4600 CVS/Caremark Common Stock 126650100 5 125 SH SOLE None 125 Danaher Common Stock 235851102 32 360 SH SOLE None 360 Dassault Systems SA ADR ADR 237545108 176 3000 SH SOLE None 3000 DealerTrack Holdings Common Stock 242309102 5 141 SH SOLE None 141 Dean Foods Common Stock 242370104 3 110 SH SOLE None 110 Dell Common Stock 24702R101 6 225 SH SOLE None 225 Delphi Automotive Systems Common Stock 247126105 0 1380 SH SOLE None 1380 DENTSPLY International Inc. Common Stock 249030107 11315 251340 SH SOLE None 251340 Devon Energy Common Stock 25179M103 271 3000 SH SOLE None 3000 Diebold Common Stock 253651103 23 800 SH SOLE None 800 Dillards Inc Common Stock 254067101 2 90 SH SOLE None 90 DirectTV Group Common Stock 25459L106 7 297 SH SOLE None 297 Disney (Walt) Common Stock 254687106 5 145 SH SOLE None 145 Dominion Resources Inc./VA Common Stock 25746U109 6 120 SH SOLE None 120 Donnelley (RR) & Sons Common Stock 257867101 220 5825 SH SOLE None 5825 Dow Chemical Common Stock 260543103 46 1175 SH SOLE None 1175 Dreamworks Animation Common Stock 26153C103 8 330 SH SOLE None 330 Duke Energy Common Stock 26441C105 1844 91360.672 SH SOLE None 91360.672 Duke Realty Common Stock 264411505 2707 103807.222 SH SOLE None 103807.222 Dun & Bradstreet Common Stock 2.65E+104 97 1098 SH SOLE None 1098 duPont (EI) deNemours Common Stock 263534109 7 165 SH SOLE None 165 E.ON AG AGS ADR 268780103 6308 90045 SH SOLE None 90045 Earthlink Common Stock 270321102 41 5775 SH SOLE None 5775 Eastman Kodak Common Stock 277461109 7 315 SH SOLE None 315 Edison International Common Stock 281020107 58 1080 SH SOLE None 1080 El Paso Corporation Common Stock 28336L109 6 353 SH SOLE None 353 Electronic Data Systems Common Stock 285661104 8 386 SH SOLE None 386 Eli Lilly Common Stock 532457108 6668 124650 SH SOLE None 124650 EMCOR Group Inc. Common Stock 29084Q100 3970 168000 SH SOLE None 168000 Emerson Electric Common Stock 291011104 4533 80000 SH SOLE None 80000 Empresa Brasileira de Aeronautica ADR 29081M102 490 10742 SH SOLE None 10742 Emulex Common Stock 292475209 16 1000 SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 620 12260 SH SOLE None 12260 EnCana Common Stock 292505104 17487 257308 SH SOLE None 257308 Endurance Specialty Holdings Common Stock G30397106 12 294 SH SOLE None 294 Enel ADS ADR 29265W108 212 3609 SH SOLE None 3609 Energy Group PLC ADS Common Stock 292691102 14 263 SH SOLE None 263 Enersis SA ADS ADR 29274F104 144 9000 SH SOLE None 9000 Ente Nazionale Idrocarburi SpA ADR 26874R108 9 121 SH SOLE None 121 Entergy Common Stock 29364G103 4 35 SH SOLE None 35 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 74 3000 SH SOLE None 3000 Entergy MISS 1st MTG Preferred Stock 29364N876 25 1000 SH SOLE None 1000 Epcos AG ADS ADR 29410P107 128 7500 SH SOLE None 7500 Expedia Inc. - Cl A Common Stock 30212P105 35 1122 SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 59 804 SH SOLE None 804 Exxon Mobil Common Stock 30231G102 5720 61048 SH SOLE None 61048 Fair Issac & Co Common Stock 303250104 58 1806 SH SOLE None 1806 Fannie Mae Common Stock 313586109 48 1200 SH SOLE None 1200 Fastenal Common Stock 311900104 6371 157620 SH SOLE None 157620 Fedex Common Stock 31428X106 36 400 SH SOLE None 400 Fiserv Common Stock 337738108 25 450 SH SOLE None 450 Flextronics International Common Stock 300999109 29 2394 SH SOLE None 2394 FLIR Systems Common Stock 302445101 270 8628 SH SOLE None 8628 Fording Canadian Coal Trust Common Stock 345425102 161 4159.61 SH SOLE None 4159.61 FPL Group Common Stock 302571104 8493 124940 SH SOLE None 124940 FPL Group Capital Trust I Preferred Stock 30257v207 45 2100 SH SOLE None 2100 France Telecom ADS ADR 35177Q105 11 295 SH SOLE None 295 Freddie Mac Common Stock 313400301 12 350 SH SOLE None 350 "Freeport-McMoRan Copper & Gold," Common Stock 35671D857 7397 72351 SH SOLE None 72351 Frontier Financial Common Stock 35907K105 580 33458 SH SOLE None 33458 Fuji Photo Film ADR ADR 35958N107 8 200 SH SOLE None 200 Furrs Restaurant Group Common Stock 361115603 0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 21 1000 SH SOLE None 1000 Gannett Common Stock 364730101 8 205 SH SOLE None 205 Gartner Common Stock 366651107 1066 60700 SH SOLE None 60700 Gazprom Common Stock 368287207 3 59 SH SOLE None 59 Genentech Common Stock 368710406 7222 107675 SH SOLE None 107675 General Electric Common Stock 369604103 744 20067 SH SOLE None 20067 General Mills Common Stock 370334104 4617 81000 SH SOLE None 81000 Gentex Common Stock 371901109 13 736 SH SOLE None 736 Genuine Parts Common Stock 372460105 8806 190188 SH SOLE None 190188 Genzyme Common Stock 372917104 9734 130757 SH SOLE None 130757 Georgia Power CO Cl A PFD 6.125% Preferred Stock 373334473 101 4000 SH SOLE None 4000 Getty Images Common Stock 374276103 7 236 SH SOLE None 236 GlaxoSmithKline PLC ADS ADR 37733W105 3511 69673 SH SOLE None 69673 Global Payments Inc Common Stock 37940X102 34 728 SH SOLE None 728 Great Plains Energy Inc. Common Stock 391164100 9 314 SH SOLE None 314 Green Mountain Coffee Roasters Common Stock 393122106 49 1200 SH SOLE None 1200 Groupe Danone ADS ADR 399449107 6783 380000 SH SOLE None 380000 Haemonetics Common Stock 405024100 13 206 SH SOLE None 206 Hain Celestial Group Common Stock 405217100 160 5000 SH SOLE None 5000 Hansen Natural Common Stock 411310105 7786 175800 SH SOLE None 175800 Harman International Industries Common Stock 413086109 3929 54100 SH SOLE None 54100 Harris Common Stock 413875105 9637 153750 SH SOLE None 153750 Hartford Financial Services Group Common Stock 416515104 2 20 SH SOLE None 20 Hasbro Common Stock 418056107 9 357 SH SOLE None 357 Health Care Property Common Stock 42217K106 13 302 SH SOLE None 302 Health Care Property Investors Common Stock 421915109 13 381 SH SOLE None 381 Healthextras Common Stock 422211102 7 263 SH SOLE None 263 Healthways Common Stock 422245100 13 217 SH SOLE None 217 Henry Schein Common Stock 806407102 17 271 SH SOLE None 271 Hercules Offshore Common Stock 427093109 6 272 SH SOLE None 272 Hewlett-Packard Common Stock 428236103 11364 225730 SH SOLE None 225730 Hittite Microwave Common Stock 43365Y104 13 273 SH SOLE None 273 Home Depot Common Stock 437076102 11 410 SH SOLE None 410 Honeywell International Common Stock 438516106 5229 85150 SH SOLE None 85150 Hospira Common Stock 441060100 253 5926 SH SOLE None 5926 Hospitality Properties Trust Common Stock 44106M102 31 950 SH SOLE None 950 "Hub Group, Cl 'A'" Common Stock 443320106 7 272 SH SOLE None 272 Hudson Highland Group Common Stock 443792106 3 400 SH SOLE None 400 Humana Common Stock 444859102 11715 155557 SH SOLE None 155557 Huntsman Corp. Common Stock 447011107 5 185 SH SOLE None 185 Hutchison Telecom Intl ADR ADR 44841T107 11 488 SH SOLE None 488 Hutchison Whampoa ADR ADR 448415208 4 77 SH SOLE None 77 IAC/InterActiveCorp Common Stock 44919P300 30 1122 SH SOLE None 1122 Iconix Brand Group Common Stock 451055107 11 575 SH SOLE None 575 IDACORP Common Stock 451107106 3873 110150 SH SOLE None 110150 Idearc INC Common Stock 451663108 2 109 SH SOLE None 109 IDEX Common Stock 45167R104 10 263 SH SOLE None 263 IDEXX Laboratories Common Stock 45168D104 7 116 SH SOLE None 116 IMS Health Common Stock 449934108 5026 218140 SH SOLE None 218140 Infineon Technologies AG ADR ADR 45662N103 66 5658 SH SOLE None 5658 Informatica Common Stock 45666Q102 7 410 SH SOLE None 410 ING Groep NV ADS ADR 456837103 226 5819 SH SOLE None 5819 Integrated Device Technology Common Stock 458118106 46 4030 SH SOLE None 4030 Intel Common Stock 458140100 8119 304540 SH SOLE None 304540 International Business Machines Common Stock 459200101 10194 94305 SH SOLE None 94305 Intuit Common Stock 461202103 10392 329074 SH SOLE None 329074 Iron Mountain Common Stock 462846106 34 907 SH SOLE None 907 ishares Russell 2000 Common Stock 464287655 36 476 SH SOLE None 476 iStar Financial Common Stock 45031U101 10 375 SH SOLE None 375 Ivanhoe Mines Common Stock 46579N103 10 915 SH SOLE None 915 J.M. Smucker Common Stock 832696405 1800 35000 SH SOLE None 35000 J2 Global Communications Common Stock 4.66E+209 8 378 SH SOLE None 378 James Hardie Industries NV ADS ADR 47030M106 84 3000 SH SOLE None 3000 "John Wiley & Sons, Class A" Common Stock 968223206 4477 105000 SH SOLE None 105000 Johnson & Johnson Common Stock 478160104 9163 137377 SH SOLE None 137377 Johnson Controls Common Stock 478366107 2 45 SH SOLE None 45 JP Morgan Chase & Co Common Stock 46625H100 99 2264 SH SOLE None 2264 KB Home Common Stock 48666K109 108 5775 SH SOLE None 5775 Kellogg Common Stock 487836108 4669 89050 SH SOLE None 89050 KeyCorp Common Stock 493267108 65 2772 SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 4983 71860 SH SOLE None 71860 Kinder Morgan Energy Partners Common Stock 494550106 113 2100 SH SOLE None 2100 Kindred Healthcare Common Stock 494580103 3 140 SH SOLE None 140 Knight Transportation Common Stock 499064103 25 1699 SH SOLE None 1699 Kohl's Common Stock 500255104 23 500 SH SOLE None 500 Korea Electric Power ADS ADR 500631106 212 10155 SH SOLE None 10155 L S I Logic Common Stock 502161102 4 763 SH SOLE None 763 LaCrosse Footwear Common Stock 505688101 88 5000 SH SOLE None 5000 LAN Airlines SA ADS ADR 501723100 5129 382500 SH SOLE None 382500 Lear Common Stock 521865105 3 120 SH SOLE None 120 Lennar Common Stock 526057104 2 95 SH SOLE None 95 Lifepoint Hospitals Inc Common Stock 53219L109 17 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 48 10000 SH SOLE None 10000 Lincoln Electric Holdings Common Stock 533900106 7118 100500 SH SOLE None 100500 LKQ Common Stock 501889208 16 780 SH SOLE None 780 Lowe's Companies Common Stock 548661107 5280 233928 SH SOLE None 233928 Manitowoc Common Stock 563571108 17120 350600 SH SOLE None 350600 Matria Healthcare Common Stock 576817209 50 2100 SH SOLE None 2100 Mattel Common Stock 577081102 6 330 SH SOLE None 330 Maxim Integrated Products Common Stock 57772K101 15 555 SH SOLE None 555 McClatchy Company Common Stock 579489105 4 340 SH SOLE None 340 McGraw-Hill Common Stock 580645109 14482 330556 SH SOLE None 330556 Medco Health Solutions Common Stock 58405U102 120 1185 SH SOLE None 1185 Mediaset Spa ADR 584469407 7 234 SH SOLE None 234 Merck & Co Common Stock 589331107 424 7303 SH SOLE None 7303 Merix Common Stock 590049102 9 2020 SH SOLE None 2020 Merrill Lynch Common Stock 590188108 24 440 SH SOLE None 440 Methanex Common Stock 591515101 2208 80000 SH SOLE None 80000 Metso ADS ADR 592671101 381 7100 SH SOLE None 7100 Microchip Technology Common Stock 595017104 2309 73500 SH SOLE None 73500 Micron Technology Common Stock 595112103 7 965 SH SOLE None 965 MICROS Systems Common Stock 594901100 12 166 SH SOLE None 166 Microsemi Common Stock 595137100 7 336 SH SOLE None 336 Microsoft Common Stock 594918104 145 4059 SH SOLE None 4059 Middleby Common Stock 596278101 13 174 SH SOLE None 174 Millicom Intl Cellular SA Common Stock 3870573 32 275 SH SOLE None 275 Mitsubishi UFJ Financial Group ADR ADR 606822104 93 10000 SH SOLE None 10000 Moneygram International Common Stock 60935Y109 3 178 SH SOLE None 178 Moody's Common Stock 615369105 157 4392 SH SOLE None 4392 "Moog, Cl A" Common Stock 615394202 11 250 SH SOLE None 250 Morningstar Common Stock 617700109 78 1000 SH SOLE None 1000 Motorola Common Stock 620076109 2127 132606 SH SOLE None 132606 MS Structured Asset Preferred Stock 86360Y207 142 6000 SH SOLE None 6000 MWI Vterinary Supply Common Stock 55402X105 9 217 SH SOLE None 217 National City Common Stock 635405103 44 2688 SH SOLE None 2688 National Fuel Gas Common Stock 636180101 4201 90000 SH SOLE None 90000 National Rural Utitlity Preferred Stock 637432709 24 1000 SH SOLE None 1000 Neenah Paper Common Stock 640079109 1 18 SH SOLE None 18 Nestle's S.A. Common Stock 641069406 39 341 SH SOLE None 341 "New York Times, Cl A" Common Stock 650111107 7 374 SH SOLE None 374 News Corporation Common Stock 6.52E+108 7 330 SH SOLE None 330 Nidec ADR ADR 654090109 91 5000 SH SOLE None 5000 "Nike, Class B" Common Stock 654106103 4240 66000 SH SOLE None 66000 Nintendo Common Stock 654445303 6 86 SH SOLE None 86 NiSource Common Stock 65473P105 786 41617 SH SOLE None 41617 Nissan Motor Ltd. ADS ADR 654744408 195 9000 SH SOLE None 9000 Noble Common Stock G65422100 9000 159800 SH SOLE None 159800 Noble Energy Common Stock 655044105 17 218 SH SOLE None 218 Nokia Corp ADS ADR 654902204 4 100 SH SOLE None 100 Nomura Holdings ADR ADR 65535h208 179 10700 SH SOLE None 10700 Nordstrom Common Stock 655664100 191 5200 SH SOLE None 5200 Norfolk Southern Common Stock 655844108 7804 155000 SH SOLE None 155000 Norsk Hydro ASA ADS ADR 656531605 112 8000 SH SOLE None 8000 Novartis AG ADR ADR 66987V109 7083 130417 SH SOLE None 130417 Novo Nordisk A/S ADS ADR 670100205 8069 124400 SH SOLE None 124400 Nucor Common Stock 670346105 4159 70450 SH SOLE None 70450 Old Dominion Freight Line Common Stock 679580100 5 200 SH SOLE None 200 Old Republic International Common Stock 680223104 13 830 SH SOLE None 830 Omincom Group Common Stock 681919106 5 100 SH SOLE None 100 Omrix Biopharmaceuticals Common Stock 681989109 10 288 SH SOLE None 288 Oracle Common Stock 68389X105 13348 591475 SH SOLE None 591475 Orbital Sciences Common Stock 685564106 10 425 SH SOLE None 425 "Orient-Express Hotels Ltd., Class A" Common Stock 683699102 201 3500 SH SOLE None 3500 Oshkosh Truck Common Stock 688239201 164 3600 SH SOLE None 3600 Pacific Financial Common Stock 694275108 42 3186 SH SOLE None 3186 Palomar Medical Tech Common Stock 697529303 4 261 SH SOLE None 261 PAREXEL International Common Stock 699462107 97 2000 SH SOLE None 2000 Parker Hannifin Common Stock 701094104 4225 56100 SH SOLE None 56100 Patterson - UTI Energy Common Stock 703481101 141 7200 SH SOLE None 7200 Patterson Companies Common Stock 703395103 12 350 SH SOLE None 350 PDF Solutions Common Stock 693282105 10 1100 SH SOLE None 1100 Peabody Energy Corp Common Stock 704549104 9 152 SH SOLE None 152 Pearson PLC ADS ADR 705015105 3050 210490 SH SOLE None 210490 Pentair Common Stock 709631105 12 341 SH SOLE None 341 PepsiCo Common Stock 713448108 12918 170138 SH SOLE None 170138 Performance Food Group Common Stock 713755106 136 5320 SH SOLE None 5320 Petro-Canada Common Stock 7.16E+106 2359 44000 SH SOLE None 44000 Petrohawk Energy Common Stock 716495106 13 755 SH SOLE None 755 PetSmart Common Stock 716768106 5552 235960 SH SOLE None 235960 Pfizer Common Stock 717081103 5163 227151 SH SOLE None 227151 Pharmaceutical Product Development Common Stock 717124101 6217 151150 SH SOLE None 151150 Pharmerica Corp Common Stock 71714F104 1 51 SH SOLE None 51 Philips Electronics N.V. ADR 718337504 7 168 SH SOLE None 168 Phoenix Companies Common Stock 7.19E+113 3 225 SH SOLE None 225 Piedmont Natural Gas Common Stock 720186105 1570 60000 SH SOLE None 60000 PIMCO Commercial Mortgage Secs Common Stock 693388100 10 1000 SH SOLE None 1000 Pioneer Natural Resource Common Stock 723787107 12 253 SH SOLE None 253 Pitney Bowes Common Stock 724479100 13 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 2878 62507 SH SOLE None 62507 Polycom Common Stock 73172K104 45 1630 SH SOLE None 1630 Popular Common Stock 733174106 5 440 SH SOLE None 440 Portfolio Recovery Associate Common Stock 73640Q105 7 181 SH SOLE None 181 Portugal Telecom SGPS ADS ADR 737273102 4 304 SH SOLE None 304 Potash Corp. of Saskatchewan Common Stock 73755L107 20385 141600 SH SOLE None 141600 Praxair Common Stock 74005P104 4988 56225 SH SOLE None 56225 Precision Drilling Common Stock 74022D100 45 2970 SH SOLE None 2970 Procter & Gamble Common Stock 742718109 5638 76791 SH SOLE None 76791 Progress Energy Inc Common Stock 743263105 14 284 SH SOLE None 284 Psychiatric Solutions Common Stock 74439H108 9 275 SH SOLE None 275 PT Indosat Tbk. ADR ADR 715680104 117 2500 SH SOLE None 2500 PT Multimedia Spon ADR 69366K207 1 42 SH SOLE None 42 Public Service Enterprise Group Common Stock 744573106 5 55 SH SOLE None 55 Public Storage International Common Stock 74460D109 154 2103 SH SOLE None 2103 QIAGEN N.V. Common Stock N72482107 7 336 SH SOLE None 336 Qualcomm Common Stock 747525103 6491 164964 SH SOLE None 164964 Quanta Services Common Stock 7.48E+106 10 376 SH SOLE None 376 Quantum Common Stock 747906204 1076 400000 SH SOLE None 400000 Quest Diagnostics Common Stock 74834L100 3 49 SH SOLE None 49 Questar Common Stock 748356102 2 40 SH SOLE None 40 Raymond James Financial Common Stock 754730109 233 7138 SH SOLE None 7138 RealNetworks Common Stock 75605L104 5 800 SH SOLE None 800 Realty Income Corp 8.25% Preferred Stock 756109203 183 7200 SH SOLE None 7200 Red Lion Hotels Common Stock 95750P106 184 21000 SH SOLE None 21000 Reed Elsevier NV ADS ADR 758204101 9 222 SH SOLE None 222 Regal-Beloit Common Stock 758750103 8918 199150 SH SOLE None 199150 Renal Care Group Common Stock 759930100 7 156 SH SOLE None 156 Rentokil Initl PLC ADR 760125104 2 156 SH SOLE None 156 Repsol YPF ADS ADR 76026T205 544 15282 SH SOLE None 15282 Rio Tinto PLC ADS ADR 767204100 21247 50601 SH SOLE None 50601 Ritchie Bros. Auctioneers Common Stock 767744105 331 4000 SH SOLE None 4000 Rockwell Automation Common Stock 773903109 4138 60000 SH SOLE None 60000 Rockwell Collins Common Stock 774341101 29 400 SH SOLE None 400 Rogers Communications Common Stock 775109200 4 93 SH SOLE None 93 Rohm & Haas Common Stock 775371107 9 165 SH SOLE None 165 Rowan Cos. Common Stock 779382100 13 341 SH SOLE None 341 Royal Dutch Shell Class B ADR 780259107 8 99 SH SOLE None 99 Royal Dutch Shell PLC ADR 780259206 84 1000 SH SOLE None 1000 RPM International Common Stock 749685103 1340 66000 SH SOLE None 66000 S & P Mid-Cap 400 SPDR's Common Stock S30821995 31 198 SH SOLE None 198 Safeco Common Stock 786429100 93 1678 SH SOLE None 1678 SanDisk Common Stock 80004C101 4478 135000 SH SOLE None 135000 Sanmina Common Stock 800907107 4 2430 SH SOLE None 2430 Sanofi-Aventis ADR ADR 80105N105 12 268 SH SOLE None 268 Santa Fe Energy Trust Common Stock 802013102 24 900 SH SOLE None 900 SAP AG ADS ADR 803054204 5 105 SH SOLE None 105 Sara Lee Common Stock 803111103 9 550 SH SOLE None 550 "Saturn Goodrich Corp, Series 2002" Preferred Stock 80410V206 41 1600 SH SOLE None 1600 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 37 1500 SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 22 1000 SH SOLE None 1000 Satyam Computer Services ADR ADR 804098101 160 6000 SH SOLE None 6000 Schlumberger Ltd Common Stock 806857108 232 2360 SH SOLE None 2360 Sciele Pharma Common Stock 808627103 7 332 SH SOLE None 332 Seagate Technology Common Stock G7945J104 5196 203750 SH SOLE None 203750 Sealed Air Common Stock 81211K100 2 80 SH SOLE None 80 Sempra Energy Common Stock 816851109 2795 45144 SH SOLE None 45144 Semtech Common Stock 816850101 21 1330 SH SOLE None 1330 Shire PLC ADR ADR 82481r106 138 2000 SH SOLE None 2000 Shutterfly Common Stock 82568P304 7 288 SH SOLE None 288 Silver Standard Resources Common Stock 82823L106 10 274 SH SOLE None 274 Simon Property Group Common Stock 828806109 96 1100 SH SOLE None 1100 Singapore Telecom ADR NEW ADR 82929R304 52 1855 SH SOLE None 1855 Sinopec ADR ADR 16941R108 9 63 SH SOLE None 63 Sirona Dental Systems Common Stock 82966C103 4 131 SH SOLE None 131 SK Telecom Ltd. ADR ADR 78440P108 151 5060 SH SOLE None 5060 Sony ADS ADR 835699307 163 3000 SH SOLE None 3000 Southwest Airlines Common Stock 844741108 12 1000 SH SOLE None 1000 Southwestern Energy Common Stock 845467109 19 337 SH SOLE None 337 Spectra Energy Common Stock 847560109 1213 46980 SH SOLE None 46980 Stage Stores Common Stock 85254C305 52 3487 SH SOLE None 3487 Staples Common Stock 855030102 5926 257516 SH SOLE None 257516 Starbucks Common Stock 855244109 41 2000 SH SOLE None 2000 State Street Corp Common Stock 857477103 31 377 SH SOLE None 377 StatoilHydo ASA ADS ADR 85771P102 176 5776 SH SOLE None 5776 Stericycle Common Stock 858912108 29 488 SH SOLE None 488 Stora Enso Oyj ADS ADR 86210M106 7 501 SH SOLE None 501 streetTRACKS Gold Trust Common Stock 863307104 28 337 SH SOLE None 337 Suburban Propane Partners LP Common Stock 864482104 203 5000 SH SOLE None 5000 Suez-ADR ADR 864686100 9 131 SH SOLE None 131 SumTotal Systems Common Stock 866615107 258 54250 SH SOLE None 54250 Sun Microsystems Common Stock 866810104 1133 62500 SH SOLE None 62500 SunPower Common Stock 867652109 261 2000 SH SOLE None 2000 Superior Well Services Common Stock 86837X105 9 416 SH SOLE None 416 Swire Pac LTD ADR 870794302 2 169 SH SOLE None 169 Syntel Common Stock 87162H103 5 130 SH SOLE None 130 T. Rowe Price Group Inc. Common Stock 74144T108 64 1050 SH SOLE None 1050 Taiwan Semiconductor ADS ADR 874039100 8299 833201 SH SOLE None 833201 Target Common Stock 8.76E+110 30 600 SH SOLE None 600 Tata Motors Limited ADS ADR 876568502 3 142 SH SOLE None 142 TCW Convertible Securities Fund Common Stock 872340104 7 1875 SH SOLE None 1875 Teekay LNG Partners LP Common Stock Y8564M105 182 6150 SH SOLE None 6150 Telecom Corp. New Zealand Ltd. ADS ADR 879278208 130 7821 SH SOLE None 7821 Teleflex Common Stock 879369106 1890 30000 SH SOLE None 30000 Telefonica SA ADS ADR 879382208 4813 49314 SH SOLE None 49314 "Telefonos de Mexico, Class L ADS" ADR 879403780 581 15761 SH SOLE None 15761 Telekom Austria AG ADR ADR 87943Q109 8 148 SH SOLE None 148 Telenor ASA ADR ADR 87944W105 16 226 SH SOLE None 226 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 40 2100 SH SOLE None 2100 Telephone & Data Systems Common Stock 879433100 3 54 SH SOLE None 54 Telephone & Data Systems Special Sh Common Stock 879433860 16 276 SH SOLE None 276 Telstra ADR ADR 87969N204 2030 100000 SH SOLE None 100000 Telus Common Stock 87971M103 249 5000 SH SOLE None 5000 Telus Common Stock 87971M202 3759 77900 SH SOLE None 77900 Tenaris SA ADR ADR 88031M109 2348 52500 SH SOLE None 52500 Tenet Healthcare Common Stock 88033G100 6 1170 SH SOLE None 1170 Textron Common Stock 883203101 15 216 SH SOLE None 216 Thomson ADS ADR 885118109 4 278 SH SOLE None 278 Thoratec Common Stock 885175307 61 3340 SH SOLE None 3340 THQ Inc. Common Stock 872443403 8 297 SH SOLE None 297 Time Warner Common Stock 887317105 3 187 SH SOLE None 187 Time Warner Cable Common Stock 88732J108 13 467 SH SOLE None 467 Toll Brothers Common Stock 889478103 1 65 SH SOLE None 65 Tomkins PLC ADS ADR 890030208 1405 100750 SH SOLE None 100750 Toronto-Dominion Bank Common Stock 891160509 528 7542 SH SOLE None 7542 TOTAL SA ADS ADR 8.92E+113 273 3307 SH SOLE None 3307 Tower Group Common Stock 891777104 8 234 SH SOLE None 234 Toyota Motor ADS ADR 892331307 4373 41190 SH SOLE None 41190 Transocean Inc New Common Stock G90073100 11 78 SH SOLE None 78 Transportadora de Gas del Sur SA ADR 893870204 9 1500 SH SOLE None 1500 Travelcenters of America Common Stock 894174101 1 95 SH SOLE None 95 Travelers Cos Inc Common Stock 8.94E+113 6 114 SH SOLE None 114 Trimble Navigation Ltd. Common Stock 896239100 10149 337270 SH SOLE None 337270 True Religion Common Stock 89784N104 11 524 SH SOLE None 524 Turkcell Iletisim Hizmetleri ADR ADR 900111105 239 8667 SH SOLE None 8667 Tyco Electronics LTD Common Stock G9144P105 2 64 SH SOLE None 64 U S Cellular Common Stock 911684108 19 228 SH SOLE None 228 UAL Common Stock 902549807 181 5500 SH SOLE None 5500 Ultra Petroleum Common Stock 903914109 8 115 SH SOLE None 115 Ultralife Batteries Common Stock S18978999 202 10000 SH SOLE None 10000 Unilever N.V. Common Stock 904784501 224 6134 SH SOLE None 6134 Unilever PLC ADS ADR 904767704 4176 111600 SH SOLE None 111600 Unisys Common Stock 909214108 4 810 SH SOLE None 810 United Dominion Realty Trust Common Stock 910197102 10 493 SH SOLE None 493 "United Parcel Service, Class B" Common Stock 911312106 11205 158474 SH SOLE None 158474 United States Steel Common Stock 912909108 5441 45000 SH SOLE None 45000 United Technologies Common Stock 913017109 4328 56540 SH SOLE None 56540 UnitedHealth Group Common Stock 91324P102 317 5450 SH SOLE None 5450 UPM-Kymmene Oyj ADS ADR 915436109 70 3500 SH SOLE None 3500 US Bancorp Common Stock 902973304 45 1430 SH SOLE None 1430 USEC Common Stock 9.03E+112 77 8600 SH SOLE None 8600 USG Corp Common Stock 903293405 4 102 SH SOLE None 102 Utstarcom Common Stock 918076100 1 285 SH SOLE None 285 Valspar Common Stock 920355104 902 40000 SH SOLE None 40000 Valueclick Common Stock 92046N102 12 550 SH SOLE None 550 Van Kampen Senior Income Trust Common Stock 920961109 31 4389 SH SOLE None 4389 VCA Antech Common Stock 918194101 9326 211650 SH SOLE None 211650 Verigy Ltd. Common Stock Y93691106 4919 181043 SH SOLE None 181043 Verizon Communications Common Stock 92343V104 13 295 SH SOLE None 295 Verizon New England Tel. Convertible Bond 92344RAB8 126 129000 PRN SOLE None 129000 Vertical Communications Common Stock 924914104 7 10000 SH SOLE None 10000 Visteon Corp Common Stock 92839U107 1 310 SH SOLE None 310 Vodafone Group PLC ADS ADR 92857W209 5691 152495 SH SOLE None 152495 Votorantim Celulose e Papel SA ADS ADR 92906p106 238 8000 SH SOLE None 8000 Wachovia Corp Common Stock 929903102 76 2000 SH SOLE None 2000 Walgreen Common Stock 931422109 124 3269 SH SOLE None 3269 Washington Banking Common Stock 937303105 85 6250 SH SOLE None 6250 Washington Mutual Common Stock 939322103 209 15012 SH SOLE None 15012 Washington Mutual Inc. Conv. Pfd. Convt Prefrd Stock 939322814 40 45 SH SOLE None 45 Waste Connections Common Stock 941053100 10 331 SH SOLE None 331 Watson Pharmaceuticals Common Stock 942683103 3 119 SH SOLE None 119 Weatherford International Common Stock 947074100 94 1374 SH SOLE None 1374 Wells Fargo & Co Common Stock 949746101 34 1116 SH SOLE None 1116 Weyerhaeuser Common Stock 962166104 2067 28375 SH SOLE None 28375 Whirlpool Common Stock 963320106 6 72 SH SOLE None 72 Wolverine World Wide Common Stock 978097103 13 517 SH SOLE None 517 Worthington Industries Common Stock 981811102 49 2750 SH SOLE None 2750 Wright Express Corp Common Stock 98233Q105 11 322 SH SOLE None 322 Wyeth Common Stock 983024100 7433 168210 SH SOLE None 168210 Xcel Energy Inc Common Stock 98389B100 12 524 SH SOLE None 524 Xerox Common Stock 984121103 7 415 SH SOLE None 415 Yahoo! Common Stock 984332106 62 2675 SH SOLE None 2675 YRC Worldwide Common Stock 984249102 1 60 SH SOLE None 60 "Zebra Technologies, Cl A" Common Stock 989207105 28 817 SH SOLE None 817 Zimmer Holdings Common Stock 98956P102 6040 91310 SH SOLE None 91310 TOTAL 911855
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