-----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, RswMnvm5fP16KFUleMTKlM2IJlrDYdLVxmyQOeGcjUzZuyVJjRuU9hpDtMz5i4uB sHq2NwQg+YAJIDwAlx3bcg== 0001316617-06-000003.txt : 20060110 0001316617-06-000003.hdr.sgml : 20060110 20060109182540 ACCESSION NUMBER: 0001316617-06-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060110 DATE AS OF CHANGE: 20060109 EFFECTIVENESS DATE: 20060110 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: 06520351 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 form13f20051231.txt YEAR-END HOLDINGS REPORT, DECEMBER 31, 2005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year Ended: December 31, 2005 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 9, 2006 Report Type: 13F HOLDINGS REPORT FORM 13F SUMMARY PAGE Report Summary Number of other included managers: 0 Form 13F information table entry total: 325 Form 13F information table value total: $233,292 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 257 71300 SH SOLE None 71300 3M Common Stock 88579Y101 1209 15600 SH SOLE None 15600 A/S Dampskibsselskabet Torm ADR 00208w109 82 1700 SH SOLE None 1700 Abbott Laboratories Common Stock 2824100 884 22430 SH SOLE None 22430 Accuride Common Stock 4398103 129 10000 SH SOLE None 10000 Activision Common Stock 4930202 99 7198 SH SOLE None 7198 Adobe Systems Common Stock 00724F101 4940 133670 SH SOLE None 133670 Advanced Digital Information Common Stock 7525108 664 67800 SH SOLE None 67800 Advanced Micro Devices Common Stock 7903107 2907 95000 SH SOLE None 95000 Affymetrix Common Stock 00826T108 1958 41000 SH SOLE None 41000 Agilent Technologies Common Stock 00846U101 1798 54022 SH SOLE None 54022 Alcoa Common Stock 13817101 379 12810 SH SOLE None 12810 Amazon.com Common Stock 23135106 184 3900 SH SOLE None 3900 America Movil ADR ADR 02364W105 2762 94400 SH SOLE None 94400 American Eagle Outfitters Common Stock 02553D108 575 25000 SH SOLE None 25000 American Oriental Bioengineering Common Stock 28731107 66 15000 SH SOLE None 15000 AmerisourceBergen Corp Common Stock 3.07E+108 5 124 SH SOLE None 124 Amgen Common Stock 31162100 2128 26984 SH SOLE None 26984 Analog Devices Common Stock 32654105 18 500 SH SOLE None 500 Anglo-American plc ADR ADR 03485P102 3035 87250 SH SOLE None 87250 Aon Corp Common Stock 37389103 90 2496 SH SOLE None 2496 Apache Common Stock 37411105 32 462 SH SOLE None 462 Apartment Investment & Management Common Stock 03748R101 61 1600 SH SOLE None 1600 Apartment Investment & Management Preferred Stock 03748r408 45 1700 SH SOLE None 1700 Apple Computer Common Stock 37833100 9495 132080 SH SOLE None 132080 Applebee's International Common Stock 37899101 14 600 SH SOLE None 600 Applera Corp-Applied Biosystems Common Stock 38020103 21 800 SH SOLE None 800 Applied Materials Common Stock 38222105 5 300 SH SOLE None 300 Archstone - Smith Trust Common Stock 39581103 67 1602 SH SOLE None 1602 Artisoft Common Stock 04314L106 14 10000 SH SOLE None 10000 Asia Pacific Fund Common Stock 44901106 13 757 SH SOLE None 757 Australia & New Zealand Banking ADS ADR 52528304 285 3237 SH SOLE None 3237 Autodesk Common Stock 52769106 56 1300 SH SOLE None 1300 Autoliv Common Stock 52800109 7 153 SH SOLE None 153 Avista Common Stock 05379B107 2828 159700 SH SOLE None 159700 AXA ADS ADR 54536107 168 5200 SH SOLE None 5200 Baker Hughes Common Stock 57224107 29 482 SH SOLE None 482 Banco Bilbao Vizcaya Argentaria ADS ADR 05946K101 134 7500 SH SOLE None 7500 Bank of America Common Stock 60505104 46 994 SH SOLE None 994 Bank of New York Common Stock 64057102 102 3200 SH SOLE None 3200 Barr Pharmaceuticals Common Stock 68306109 2899 46539 SH SOLE None 46539 BASF AG ADS ADR 55262505 1124 14700 SH SOLE None 14700 BCE Common Stock 05534B109 1001 41792 SH SOLE None 41792 Bed Bath & Beyond Common Stock 75896100 2078 57490 SH SOLE None 57490 BellSouth Common Stock 79860102 35 1304 SH SOLE None 1304 BHP Billiton Ltd ADS ADR 88606108 1206 36100 SH SOLE None 36100 BP plc ADS ADR 110889409 3829 59618 SH SOLE None 59618 Bristol-Myers Squibb Common Stock 110122108 1419 61759 SH SOLE None 61759 Build-A-Bear-Workshop Common Stock 120076104 1393 47000 SH SOLE None 47000 Building Materials Holding Common Stock 120113105 1883 27600 SH SOLE None 27600 Burlington Northern Santa Fe Common Stock 12189T104 1717 24250 SH SOLE None 24250 Business Objects SA ADS ADR 12328X107 4021 99500 SH SOLE None 99500 Canadian Pacific Railway Ltd Common Stock 13645T100 1626 38750 SH SOLE None 38750 Canon ADS ADR 138006309 2904 49370 SH SOLE None 49370 Caremark Rx Common Stock 141705103 1776 34290 SH SOLE None 34290 Caribou Coffee Common Stock 142042209 301 30000 SH SOLE None 30000 Carmax Common Stock 143130102 23 840 SH SOLE None 840 Cascade Financial Common Stock 147357107 106 5970 SH SOLE None 5970 Cascade Natural Gas Common Stock 147339105 3 163 SH SOLE None 163 Catalina Marketing Common Stock 148867104 15 600 SH SOLE None 600 Caterpillar Common Stock 149123101 35 600 SH SOLE None 600 Charles River Laboratories Common Stock 159864107 63 1495 SH SOLE None 1495 ChevronTexaco Common Stock 166764100 193 3394 SH SOLE None 3394 China Mobile (Hong Kong) Ltd Common Stock 169428109 1745 72600 SH SOLE None 72600 Chiron Common Stock 170040109 10 224 SH SOLE None 224 Chubb Common Stock 171232101 293 3000 SH SOLE None 3000 Cisco Systems Common Stock 17275R102 11 663 SH SOLE None 663 Citigroup Common Stock 172967101 48 999 SH SOLE None 999 Clorox Common Stock 189054109 1308 23000 SH SOLE None 23000 Coach Inc Common Stock 189754104 293 8800 SH SOLE None 8800 Coca-Cola Co Common Stock 191216100 32 800 SH SOLE None 800 Coca-Cola Femsa ADS ADR 191241108 187 6926 SH SOLE None 6926 Comtech Communications Common Stock 205826209 31 1000 SH SOLE None 1000 ConocoPhillips Common Stock 20825C104 969 16650 SH SOLE None 16650 Convergys Common Stock 212485106 11 700 SH SOLE None 700 Corning Common Stock 219350105 6 300 SH SOLE None 300 Corp Office Props Trust CLASS H Preferred Stock 22002T603 25 1000 SH SOLE None 1000 Costco Wholesale Common Stock 22160Q102 20 400 SH SOLE None 400 Crane Common Stock 224399105 2469 70000 SH SOLE None 70000 Cree Research Common Stock 225447101 505 20000 SH SOLE None 20000 CRH plc ADS ADR 12626K203 118 4000 SH SOLE None 4000 CryoLife Common Stock 228903100 14 4300 SH SOLE None 4300 Dassault Systems SA ADR ADR 237545108 90 1600 SH SOLE None 1600 Dell Common Stock 24702R101 20 662 SH SOLE None 662 DENTSPLY International Common Stock 249030107 1808 33670 SH SOLE None 33670 "Developers Drivers Realty Corp," Preferred Stock 251591871 39 1500 SH SOLE None 1500 Devon Energy Common Stock 251799102 125 2000 SH SOLE None 2000 Diebold Common Stock 253651103 410 10800 SH SOLE None 10800 "Disney, Walt" Preferred Stock 254687304 46 1800 SH SOLE None 1800 Donnelley (RR) & Sons Common Stock 257867101 199 5825 SH SOLE None 5825 Dow Chemical Common Stock 260543103 44 1000 SH SOLE None 1000 Dow Jones & Co Common Stock 260561105 433 12200 SH SOLE None 12200 Duke Energy Common Stock 264399106 1080 39360.672 SH SOLE None 39360.672 Duke Realty Common Stock 264411505 1540 46107.222 SH SOLE None 46107.222 Dun & Bradstreet Common Stock 2.65E+104 368 5498 SH SOLE None 5498 Earthlink Common Stock 270321102 31 2800 SH SOLE None 2800 Eastman Kodak Common Stock 277461109 9 400 SH SOLE None 400 eBay Common Stock 278642103 4 100 SH SOLE None 100 Edison International Common Stock 281020107 44 1000 SH SOLE None 1000 Electronic Data Systems Common Stock 285661104 2 100 SH SOLE None 100 Embraer Aircraft ADR ADR 29081M102 373 9547 SH SOLE None 9547 EMCOR Group Common Stock 29084Q100 2364 35000 SH SOLE None 35000 Emulex Common Stock 292475209 20 1000 SH SOLE None 1000 Enbridge Energy Partners LP Common Stock 29250R106 481 10960 SH SOLE None 10960 EnCana Common Stock 292505104 4524 100180 SH SOLE None 100180 Enel SpA ADS ADR 29265W108 71 1809 SH SOLE None 1809 Enersis SA ADS ADR 29274F104 44 4000 SH SOLE None 4000 "Entergy Arknsas Inc, Prf 6.70%" Preferred Stock 29364D811 76 3000 SH SOLE None 3000 Epcos AG ADS ADR 29410P107 98 7500 SH SOLE None 7500 Equity Office Properties Trust Preferred Stock 294741871 28 1100 SH SOLE None 1100 Expedia Inc. - Cl A Common Stock 302125109 27 1122 SH SOLE None 1122 "Express Scripts, Cl A" Common Stock 302182100 47 564 SH SOLE None 564 Exxon Mobil Common Stock 30231G102 2120 37747 SH SOLE None 37747 Fair Issac & Co Common Stock 303250104 80 1805 SH SOLE None 1805 Fairmont Hotels & Resorts Common Stock 305204109 233 5500 SH SOLE None 5500 Fannie Mae Common Stock 313586109 59 1200 SH SOLE None 1200 Fastenal Common Stock 311900104 2021 51640 SH SOLE None 51640 Flextronics International Common Stock 300999109 10 1000 SH SOLE None 1000 FLIR Systems Common Stock 302445101 111 4960 SH SOLE None 4960 Fording Canadian Coal Trust Common Stock 345425102 189 5459.61 SH SOLE None 5459.61 FPL Group Common Stock 302571104 2472 59470 SH SOLE None 59470 FPL Group Capital Trust I Preferred Stock 30257v207 53 2200 SH SOLE None 2200 Freddie Mac Common Stock 313400301 20 300 SH SOLE None 300 "Freeport-McMoran Copper Gold, Cl B" Common Stock 35671D857 11 204 SH SOLE None 204 Freescale Semiconductor Common Stock 35687M206 1888 75000 SH SOLE None 75000 Frontier Financial Common Stock 35907K105 564 17639 SH SOLE None 17639 Fuji Photo Film ADR ADR 359586302 100 3000 SH SOLE None 3000 Furrs Restaurant Group Common Stock 361115603 0 2 SH SOLE None 2 Gabelli Dividend & Income Trust Common Stock 36242H104 18 1000 SH SOLE None 1000 Gannett Common Stock 364730101 142 2350 SH SOLE None 2350 Gartner Group Common Stock 366651206 30 2309 SH SOLE None 2309 Genentech Common Stock 368710406 3159 34150 SH SOLE None 34150 General Electric Common Stock 369604103 703 20067 SH SOLE None 20067 Gentex Common Stock 371901109 6 332 SH SOLE None 332 Genuine Parts Common Stock 372460105 2240 51000 SH SOLE None 51000 Georgia Pwr Cap Trust V Preferred Stock 37333R308 51 2000 SH SOLE None 2000 GlaxoSmithKline plc ADR ADR 37733W105 757 15000 SH SOLE None 15000 GOL - Linhas Aereas Intel ADR ADR 38045r107 113 4000 SH SOLE None 4000 Hain Celestial Group Common Stock 405217100 55 2600 SH SOLE None 2600 Hansen Natural Common Stock 411310105 1623 20600 SH SOLE None 20600 Hanson plc ADS ADR 411352404 1790 32600 SH SOLE None 32600 Harman International Industries Common Stock 413086109 2476 25300 SH SOLE None 25300 Harris Common Stock 413875105 2690 62540 SH SOLE None 62540 Hewlett-Packard Common Stock 428236103 2544 88855 SH SOLE None 88855 Home Depot Common Stock 437076102 4 100 SH SOLE None 100 Honeywell International Common Stock 438516106 902 24205 SH SOLE None 24205 Hospira Common Stock 441060100 25 595 SH SOLE None 595 Hospitality Properties Trust Common Stock 44106M102 38 950 SH SOLE None 950 HSBC Holdings plc ADS ADR 404280406 24 300 SH SOLE None 300 Humana Common Stock 444859102 1576 29007 SH SOLE None 29007 IAC/InterActiveCorp Common Stock 44919P300 32 1122 SH SOLE None 1122 IDACORP Common Stock 451107106 1297 44250 SH SOLE None 44250 IMS Health Common Stock 449934108 2357 94590 SH SOLE None 94590 Infineon Technologies AG ADR ADR 45662N103 46 5000 SH SOLE None 5000 ING Groep NV ADS ADR 456837103 181 5200 SH SOLE None 5200 Integrated Device Technology Common Stock 458118106 53 4030 SH SOLE None 4030 Intel Common Stock 458140100 46 1850 SH SOLE None 1850 International Business Machines Common Stock 459200101 1748 21268 SH SOLE None 21268 Intrawest Common Stock 460915101 75 2600 SH SOLE None 2600 Intuit Common Stock 461202103 3572 67010 SH SOLE None 67010 ishares Russell 2000 Common Stock 464287655 32 476 SH SOLE None 476 James Hardie Inds NV ADS ADR 47030M106 97 3000 SH SOLE None 3000 Johnson & Johnson Common Stock 478160104 2095 34856 SH SOLE None 34856 JP Morgan Chase & Co Common Stock 46625H100 90 2264 SH SOLE None 2264 KB Home Common Stock 486168107 254 3500 SH SOLE None 3500 Kellogg Common Stock 487836108 912 21100 SH SOLE None 21100 KeyCorp Common Stock 493267108 91 2772 SH SOLE None 2772 Kimberly-Clark Common Stock 494368103 74 1240 SH SOLE None 1240 Kinder Morgan Energy Partners Common Stock 494550106 38 800 SH SOLE None 800 Kohl's Common Stock 500255104 5 100 SH SOLE None 100 Korea Electric Power ADS ADR 500631106 136 7000 SH SOLE None 7000 LAN Airlines SA ADR 501723100 1256 33500 SH SOLE None 33500 Lifepoint Hospitals Inc Common Stock 53219L109 22 581 SH SOLE None 581 Ligand Pharmaceuticals Common Stock 53220K207 112 10000 SH SOLE None 10000 Lilly (Eli) Common Stock 532457108 2094 37000 SH SOLE None 37000 Lincoln Electric Holdings Common Stock 533900106 892 22500 SH SOLE None 22500 Linear Technology Common Stock 535678106 4 100 SH SOLE None 100 Lowe's Companies Common Stock 548661107 2293 34400 SH SOLE None 34400 Manitowoc Common Stock 563571108 2632 52400 SH SOLE None 52400 Matria Healthcare Common Stock 576817100 81 2100 SH SOLE None 2100 McGraw-Hill Common Stock 580645109 3142 60856 SH SOLE None 60856 Medco Health Solutions Common Stock 58405U102 66 1191 SH SOLE None 1191 Medtronic Common Stock 585055106 13 225 SH SOLE None 225 Merck & Co Common Stock 589331107 220 6926 SH SOLE None 6926 Merix Common Stock 590049102 15 2020 SH SOLE None 2020 Merrill Lynch Common Stock 590188108 30 440 SH SOLE None 440 Metso ADS ADR 592671101 194 7100 SH SOLE None 7100 Microsoft Common Stock 594918104 873 33400 SH SOLE None 33400 Mitsubishi OFJ Financial Group ADR 606822104 137 10000 SH SOLE None 10000 Monsanto Common Stock 61166W101 5 63 SH SOLE None 63 Moody's Common Stock 615369105 626 10192 SH SOLE None 10192 Motorola Common Stock 620076109 48 2136 SH SOLE None 2136 National City Common Stock 635405103 90 2688 SH SOLE None 2688 National Fuel Gas Common Stock 636180101 998 32000 SH SOLE None 32000 National Rural Utitlity Preferred Stock 637432709 25 1000 SH SOLE None 1000 Neenah Paper Common Stock 640079109 1 45 SH SOLE None 45 Nestle's S.A. ADS Common Stock 641069406 19 250 SH SOLE None 250 Nidec ADR 654090109 108 5000 SH SOLE None 5000 "Nike, Cl B" Common Stock 654106103 4 50 SH SOLE None 50 NiSource Common Stock 65473P105 730 35000 SH SOLE None 35000 Nissan Motor ADR ADR 654744408 3136 153415 SH SOLE None 153415 Noble Common Stock 655042109 2857 40500 SH SOLE None 40500 Nomura Holdings ADR ADR 65535h208 192 10000 SH SOLE None 10000 Nordstrom Common Stock 655664100 194 5200 SH SOLE None 5200 Norfolk Southern Common Stock 655844108 2017 45000 SH SOLE None 45000 Norsk Hydro ADS Common Stock 656531605 124 1200 SH SOLE None 1200 Novartis AG ADR ADR 66987V109 1917 36525 SH SOLE None 36525 Novo-Nordisk A/S ADR ADR 670100205 1407 25000 SH SOLE None 25000 Nucor Common Stock 670346105 1068 16000 SH SOLE None 16000 Oakley Common Stock 673662102 1005 68400 SH SOLE None 68400 Office Depot Common Stock 676220106 94 3000 SH SOLE None 3000 Omincom Group Common Stock 681919106 9 101 SH SOLE None 101 Oracle Common Stock 68389X105 339 27742 SH SOLE None 27742 "Orient-Express Hotels, Cl A" Common Stock 683699102 110 3500 SH SOLE None 3500 Oshkosh Truck Common Stock 688239201 71 1600 SH SOLE None 1600 Pacific Financial Common Stock 694275108 49 3186 SH SOLE None 3186 Parker-Hannifin Common Stock 701094104 7 100 SH SOLE None 100 Patterson - UTI Energy Common Stock 703414102 2570 78000 SH SOLE None 78000 Pearson plc ADS ADR 705015105 83 7000 SH SOLE None 7000 PepsiCo Common Stock 713448108 2621 44357 SH SOLE None 44357 Performance Food Group Common Stock 713755106 151 5320 SH SOLE None 5320 PETsMART Common Stock 716768106 1125 43860 SH SOLE None 43860 Pfizer Common Stock 717081103 1382 59246 SH SOLE None 59246 Pharmaceutical Product Development Common Stock 717124101 2484 40100 SH SOLE None 40100 Phelps Dodge Common Stock 717265102 2126 14780 SH SOLE None 14780 Phoenix Technologies Common Stock 719153108 0 3062 SH SOLE None 3062 Piedmont Natural Gas Common Stock 720186105 725 30000 SH SOLE None 30000 PIMCO Commercial Mortgage Secs Common Stock 693388100 14 1000 SH SOLE None 1000 Pitney Bowes Common Stock 724479100 15 350 SH SOLE None 350 Plum Creek Timber Common Stock 729251108 1301 36075 SH SOLE None 36075 Polycom Common Stock 73172K104 25 1630 SH SOLE None 1630 Potash Corp of Saskatchewan Common Stock 73755L107 1620 20200 SH SOLE None 20200 Precision Drilling Common Stock 74022D100 98 2970 SH SOLE None 2970 Procter & Gamble Common Stock 742718109 1185 20471 SH SOLE None 20471 PT Indosat ADR ADR 715680104 73 2500 SH SOLE None 2500 Puget Energy Common Stock 745310102 613 30000 SH SOLE None 30000 Qualcomm Common Stock 747525103 3522 81764 SH SOLE None 81764 R.H. Donnelley Common Stock 74955W109 1 14 SH SOLE None 14 Raymond James Financial Common Stock 754730109 179 4759 SH SOLE None 4759 RealNetworks Common Stock 7560SL104 6 800 SH SOLE None 800 Red Lion Hotels Common Stock 95750P106 188 21000 SH SOLE None 21000 Regal-Beloit Common Stock 758750103 1740 49150 SH SOLE None 49150 Repsol YPF SA ADR ADR 76026T205 445 15138 SH SOLE None 15138 Restoration Hardware Common Stock 760981100 453 75203 SH SOLE None 75203 Reuters Group PLC ADS Common Stock 76132M102 8 173 SH SOLE None 173 Rio Tinto plc ADS ADR 767204100 5050 27629 SH SOLE None 27629 "Rochester Gas&Electric Corp," Preferred Stock 771367794 78 3000 SH SOLE None 3000 Rohm & Haas Common Stock 775371107 8 165 SH SOLE None 165 Royal Dutch Shell PLC ADR 780259206 62 1000 SH SOLE None 1000 RPM Common Stock 749685103 441 25390 SH SOLE None 25390 Ruby Tuesday Common Stock 781182100 13 500 SH SOLE None 500 S & P Mid-Cap 400 SPDR's Common Stock S30821995 27 198 SH SOLE None 198 Safeco Common Stock 786429100 95 1678 SH SOLE None 1678 Sanofi-Aventis Common Stock 80105N105 5 125 SH SOLE None 125 Santa Fe Energy Trust Common Stock 802013102 24 900 SH SOLE None 900 "Saturn Goodrick Corp, Series 2002" Preferred Stock 80410V206 44 1700 SH SOLE None 1700 Saturns Dpl Inc Bkd Ser 2002 3 Tr. Preferred Stock 80410A202 38 1500 SH SOLE None 1500 Saturns Hertz Corp Series 2003-8 Preferred Stock 804115202 21 1000 SH SOLE None 1000 Satyam Computer Services ADR 804098101 110 3000 SH SOLE None 3000 SBC Communications Common Stock 78387G103 41 1626 SH SOLE None 1626 Schlumberger Ltd Common Stock 806857108 115 1180 SH SOLE None 1180 Schwab (Charles) Common Stock 808513105 367 25000 SH SOLE None 25000 Sempra Energy Common Stock 816851109 1222 27250 SH SOLE None 27250 Semtech Common Stock 816850101 24 1330 SH SOLE None 1330 Serono SA ADR ADR 81752M101 99 5000 SH SOLE None 5000 Shurgard Storage Centers Common Stock 82567D104 1334 23515 SH SOLE None 23515 Simon Property Group Common Stock 828806109 84 1100 SH SOLE None 1100 SINA Common Stock G81477104 39 1600 SH SOLE None 1600 SK Telecom ADS Common Stock 78440P108 101 5000 SH SOLE None 5000 Sony ADS ADR 835699307 1442 35340 SH SOLE None 35340 Southwest Airlines Common Stock 844741108 16 1000 SH SOLE None 1000 SS&C Technologies Common Stock 85227Q100 112 3000 SH SOLE None 3000 St. Paul Companies Common Stock 792860108 6 143 SH SOLE None 143 Stage Stores Common Stock 85254C305 69 2325 SH SOLE None 2325 Staples Common Stock 855030102 1738 76516 SH SOLE None 76516 Starbucks Common Stock 855244109 60 2000 SH SOLE None 2000 Stericycle Common Stock 858912108 8 130 SH SOLE None 130 Stryker Corp Common Stock 863667101 7 150 SH SOLE None 150 Supreme Industries Common Stock 868607102 155 20000 SH SOLE None 20000 Symbol Technologies Common Stock 871508107 655 51092 SH SOLE None 51092 Taiwan Semiconductor ADS ADR 874039100 1942 195925 SH SOLE None 195925 Target Common Stock 8.76E+110 5 100 SH SOLE None 100 TCW Convertible Securities Fund Common Stock 872340104 9 1875 SH SOLE None 1875 Telecom Corp New Zealand ADS ADR 879278208 779 23825 SH SOLE None 23825 Telefonica SA ADS ADR 879382208 1560 34650 SH SOLE None 34650 "Telefonos de Mexico, Cl L ADS" ADR 879403780 358 14500 SH SOLE None 14500 Telephone & Data Sys 6.625% Pfd Preferred Stock 879433852 54 2200 SH SOLE None 2200 Telus Common Stock 87971M202 1541 38275 SH SOLE None 38275 Texas Instruments Common Stock 882508104 32 1000 SH SOLE None 1000 Thoratec Common Stock 885175307 69 3340 SH SOLE None 3340 Toronto-Dominion Bank Common Stock 891160509 368 6992 SH SOLE None 6992 TOTAL SA ADR ADR 8.92E+113 172 1358 SH SOLE None 1358 Toyota Motor ADS ADR 892331307 2256 21565 SH SOLE None 21565 Transocean Sedco Forex Common Stock G90078109 8 112 SH SOLE None 112 Transport de Gas del Sur S.A. ADS ADR 893870204 8 1500 SH SOLE None 1500 Tribune Common Stock 896047107 6 200 SH SOLE None 200 Trimble Navigation Common Stock 896239100 3643 102635 SH SOLE None 102635 Tyco International Common Stock 902124106 156 5404 SH SOLE None 5404 United Online Common Stock 911268100 114 8000 SH SOLE None 8000 "United Parcel Service, Cl B" Common Stock 911312106 4542 60440 SH SOLE None 60440 United States Steel Common Stock 90337T101 1586 33000 SH SOLE None 33000 United Technologies Common Stock 913017109 22 388 SH SOLE None 388 UnitedHealth Group Inc Common Stock 91324P102 121 1950 SH SOLE None 1950 UPM-Kymmene Oyj ADS ADR 915436109 69 3500 SH SOLE None 3500 US Bancorp Common Stock 902973304 43 1430 SH SOLE None 1430 USEC Common Stock 9.03E+112 1415 118450 SH SOLE None 118450 Van Kampen Inv Grade NY Municipals Common Stock 920931102 37 2500 SH SOLE None 2500 Van Kampen Senior Income Trust Common Stock 920961109 34 4389 SH SOLE None 4389 VCA Antech Common Stock 918194101 274 9700 SH SOLE None 9700 Vodafone GRP ADR ADR 92857T107 55 2575 SH SOLE None 2575 Votorantim Celulose ADS ADR 92906p106 98 8000 SH SOLE None 8000 Wachovia Corp Common Stock 929903102 106 2000 SH SOLE None 2000 Wal-Mart Stores Common Stock 931142103 5 113 SH SOLE None 113 Walgreen Common Stock 931422109 140 3169 SH SOLE None 3169 Washington Banking Company Common Stock 937303105 91 5000 SH SOLE None 5000 Washington Mutual Common Stock 939322103 666 15312 SH SOLE None 15312 Wells Fargo & Co Common Stock 949746101 35 558 SH SOLE None 558 Weyerhaeuser Common Stock 962166104 1803 27175 SH SOLE None 27175 "Wiley (John) & Sons, Cl A" Common Stock 968223206 1421 36400 SH SOLE None 36400 Worthington Industries Common Stock 981811102 533 27750 SH SOLE None 27750 Wrigley (Wm) Jr Common Stock 982526105 158 2376 SH SOLE None 2376 Wyeth Common Stock 983024100 2070 44940 SH SOLE None 44940 Yahoo! Common Stock 984332106 44 1125 SH SOLE None 1125 "Zebra Technologies, Cl A" Common Stock 989207105 19 449 SH SOLE None 449 Zimmer Holdings Common Stock 98956P102 1127 16710 SH SOLE None 16710 Total 233292
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