-----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, KcC+gMghkV0OER6UyFTuv1frtLp0rqujYl+nJQGCpl0C8QlIFbkFQXrAcDR598pU O3uN+7TyY0xCNX4C4UwHfQ== 0000909012-09-001383.txt : 20091116 0000909012-09-001383.hdr.sgml : 20091116 20091116172258 ACCESSION NUMBER: 0000909012-09-001383 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091116 DATE AS OF CHANGE: 20091116 EFFECTIVENESS DATE: 20091116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Laffer Investments CENTRAL INDEX KEY: 0001307878 IRS NUMBER: 200536838 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10975 FILM NUMBER: 091188268 BUSINESS ADDRESS: STREET 1: 2908 POSTON AVENUE STREET 2: SUITE 101 CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6153203989 MAIL ADDRESS: STREET 1: 2908 POSTON AVENUE STREET 2: SUITE 101 CITY: NASHVILLE STATE: TN ZIP: 37203 13F-HR 1 t305698.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment: [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Laffer Investments, Inc. Address: 2909 Poston Avenue 2nd Floor Nashville, TN 37203 Form 13F File Number: 28- 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: Arthur B. Laffer, Jr. Title: Chief Executive Officer Phone: 615-320-3989 Signature City State and Date of Signing: Arthur B. Laffer Nashville TN 11/16/09 - -------------------------------------------------------------------------------- Signature City State Date Report Type: [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: ___ Form 13F Information Table Value Total: $214,316,455 List of Other Included Managers: NONE 13F HOLDINGS REPORT AS OF DATE: 09/30/09
ISSUER TITLE OF CUSIP MKT SHARES/ NAME CLASS NUMBER VAL PRINC AMT ABERCROMBIE & FITCH Common Stock 002896207 $1,288,896.00 39,200.00 ADVANCED MICRO DEVIC Common Stock 007903107 $125,652.00 22,200.00 AKAMAI TECHNOLOGIES Common Stock 00971T101 $96,432.00 4,900.00 ALABAMA PWR CO Preferred Stock 010392561 $35,650.00 1,550.00 ALABAMA PWR CO Preferred Stock 010392611 $19,536.00 800.00 ALABAMA PWR CO NON CUM PFD Preferred Stock 010392488 $25,100.00 1,000.00 ALLERGAN INC Common Stock 018490102 $2,627,988.00 46,300.00 ALTERA CORP Common Stock 021441100 $1,618,239.00 78,900.00 ALTRIA GROUP INC Common Stock 02209S103 $12,894.44 724.00 AMAZON COM INC Common Stock 023135106 $373,440.00 4,000.00 AMERIPRISE FINL INC Common Stock 03076C106 $1,024,506.00 28,200.00 AMPHENOL CORP NEW Common Stock 032095101 $1,541,112.00 40,900.00 ANALOG DEVICES INC Common Stock 032654105 $1,851,252.34 67,123.00 AON CORP Common Stock 037389103 $138,346.00 3,400.00 APACHE CORP Common Stock 037411105 $275,490.00 3,000.00 APOLLO GROUP INC Common Stock 037604105 $154,707.00 2,100.00 APPLE COMPUTER INC Common Stock 037833100 $1,112,220.00 6,000.00 APPLIED MATERIALS IN Common Stock 038222105 $187,600.00 14,000.00 ARCHER DANIELS Convertible Preferred 039483201 $1,202,027.40 30,126.00 ARCHER DANIELS MIDLA Common Stock 039483102 $239,604.00 8,200.00 ASHLAND INC NEW Common Stock 044209104 $168,471.56 3,898.00 ASSURANT INC Common Stock 04621X108 $76,944.00 2,400.00 AT&T INC Common Stock 00206R102 $1,004,772.00 37,200.00 AUTODESK INC Common Stock 052769106 $142,800.00 6,000.00 BAKER HUGHES INC Common Stock 057224107 $2,350,566.00 55,100.00 BANK AMER CORP Common Stock 060505104 $242,700.48 14,344.00 BANK OF AMERICA CORP Preferred Stock 060505831 $28,170.00 1,500.00 BANK OF AMERICA CORPORA Preferred Stock 060505617 $35,900.00 2,000.00 BANK OF AMERICA CORPORA Preferred Stock 060505682 $90,948.93 107.00 BANK OF AMERICA CORPORATION D Preferred Stock 060505724 $43,380.00 2,000.00 BARD C R INC Common Stock 067383109 $1,682,254.00 21,400.00 BCO SANT CENT HISP American Depository Receipt (ADR) 05964H105 $32.30 2.00 BIG LOTS INC Common Stock 089302103 $185,148.00 7,400.00 BIOGEN IDEC INC Common Stock 09062X103 $171,768.00 3,400.00 BJ SVCS CO Common Stock 055482103 $1,709,840.00 88,000.00 BMC SOFTWARE INC Common Stock 055921100 $71,307.00 1,900.00 BROADCOM CORP Common Stock 111320107 $144,243.00 4,700.00 CA INC Common Stock 12673P105 $1,883,113.65 85,635.00 CALUMET SPECIALTY PR Common Stock 131476103 $11,499.84 726.00 CAMERON INTERNATIONA Common Stock 13342B105 $200,446.00 5,300.00 CAPITAL ONE FINL COR Common Stock 14040H105 $1,392,755.40 38,980.00 CATERPILLAR INC Common Stock 149123101 $11,805.90 230.00 CENTURYTEL INC Common Stock 156700106 $1,217,731.20 36,242.00 CEPHALON INC Common Stock 156708109 $116,480.00 2,000.00 CF INDS HLDGS INC Common Stock 125269100 $1,379,680.00 16,000.00 CHINA NEPSTAR CHAIN DRU American Depository Receipt (ADR) 16943C109 $10,719.04 1,763.00 CIENA CORP Common Stock 171779309 $112,332.00 6,900.00 CIGNA CORP Common Stock 125509109 $1,511,242.00 53,800.00 CIT GROUP INC Common Stock 125581108 $356,466.00 294,600.00 CITIGROUP INC Common Stock 172967101 $239,096.00 49,400.00 CITRIX SYS INC Common Stock 177376100 $262,841.00 6,700.00 CLOROX CO Common Stock 189054109 $2,023,408.00 34,400.00 CME GROUP INC Common Stock 12572Q105 $184,914.00 600.00 COCA COLA CO Common Stock 191216100 $10,740.00 200.00 COCA COLA ENTERPRISE Common Stock 191219104 $1,903,349.00 88,900.00 COMERICA INC Common Stock 200340107 $1,484,538.45 50,035.00 COMPUWARE CORP Common Stock 205638109 $93,091.00 12,700.00 CONSTELLATION BRANDS Common Stock 21036P108 $143,925.00 9,500.00 CONVERGYS CORP Common Stock 212485106 $84,490.00 8,500.00 COOPER INDUSTRIES PLC Common Stock G24140108 $991,848.00 26,400.00 CORNING INC Common Stock 219350105 $4,010,025.82 261,922.00 COSTCO WHSL CORP NEW Common Stock 22160K105 $4,234,500.00 75,000.00 COVENTRY HEALTH CARE Common Stock 222862104 $115,768.00 5,800.00 CSX CORP Common Stock 126408103 $163,254.00 3,900.00 CUMMINS ENGINE INC Common Stock 231021106 $152,354.00 3,400.00 CVS CORP Common Stock 126650100 $371,696.00 10,400.00 DANAHER CORP Common Stock 235851102 $188,496.00 2,800.00 DARDEN RESTAURANTS I Common Stock 237194105 $1,337,896.00 39,200.00 DAVITA INC Common Stock 23918K108 $283,200.00 5,000.00 DEAN FOODS CO NEW Common Stock 242370104 $190,353.00 10,700.00 DEERE & CO Common Stock 244199105 $184,556.00 4,300.00 DENTSPLY INTL INC NE Common Stock 249030107 $1,485,220.00 43,000.00 DISCOVER FINL SVCS Common Stock 254709108 $1,166,937.00 71,900.00 DR PEPPER SNAPPLE GROUP Common Stock 26138E109 $204,125.00 7,100.00 DU PONT E I DE N PFD Preferred Stock 263534307 $40,375.00 500.00 EASTMAN CHEM CO Common Stock 277432100 $1,456,288.00 27,200.00 EATON CORP Common Stock 278058102 $1,612,815.00 28,500.00 EBAY INC Common Stock 278642103 $283,320.00 12,000.00 E-TRADE FINL GRP Common Stock 269246104 $90,300.00 51,600.00 EXPEDIA INC DEL Common Stock 30212P105 $153,280.00 6,400.00 EXXON MOBIL CORP Common Stock 30231G102 $13,722.00 200.00 FASTENAL CO Common Stock 311900104 $112,230.00 2,900.00 FEDERAL HOME LN MTG Preferred Stock 313400830 $1,729.00 650.00 FEDERAL HOME LN MTG CORP PFD Preferred Stock 313400863 $1,855.00 700.00 FEDERAL NATL MTG ASS Unit 313586844 $1,862.00 700.00 FEDERAL NATL MTG ASS Unit 313586877 $1,917.00 675.00 FEDERAL NATL MTG ASS Preferred Stock 313586885 $1,883.25 675.00 FEDERATED INVS INC P Common Stock 314211103 $213,597.00 8,100.00 FEDEX CORP Common Stock 31428X106 $210,616.00 2,800.00 FIDELITY NATL INFORM Common Stock 31620M106 $1,438,764.00 56,400.00 FIFTH THIRD BANCORP Preferred Stock 316773209 $68,810.25 575.00 FIRST HORIZON NATL C Common Stock 320517105 $13.44 1.02 FLIR SYS INC Common Stock 302445101 $120,271.00 4,300.00 FLOWSERVE CORP Common Stock 34354P105 $1,606,202.00 16,300.00 FOREST LABS INC Common Stock 345838106 $147,200.00 5,000.00 FPL GROUP INC Convertible Preferred 302571609 $1,473,951.00 28,901.00 FRONTIER COMMUNICATIONS Common Stock 35906A108 $973,791.00 129,150.00 GAMESTOP CORP NEW Common Stock 36467W109 $92,645.00 3,500.00 GENERAL ELEC CO Common Stock 369604103 $4,926.00 300.00 GOLDMAN SACHS GROUP Common Stock 38141G104 $626,790.00 3,400.00 GOLDMAN SACHS GROUP Preferred Stock 38143Y665 $30,375.00 1,500.00 GOLDMAN SACHS GROUP Preferred Stock 38144X500 $37,740.00 1,500.00 GOODRICH B F CO Common Stock 382388106 $163,020.00 3,000.00 GOODYEAR TIRE & RUBR Common Stock 382550101 $117,507.00 6,900.00 GREAT PLAINS ENERGY INC Convertible Preferred 391164803 $1,455,347.00 22,955.00 HALLIBURTON CO Common Stock 406216101 $3,490,344.00 128,700.00 HARMAN INTL INDS INC Common Stock 413086109 $1,456,840.00 43,000.00 HARRIS CORP DEL Common Stock 413875105 $1,549,120.00 41,200.00 HARRIS STRATEX NTWRK Common Stock 41457P106 $71,638.00 10,234.00 HARTFORD FINL SVCS G Common Stock 416515104 $132,500.00 5,000.00 HASBRO BRADLEY INC Common Stock 418056107 $88,800.00 3,200.00 HATTERAS FINL CORP Common Stock 41902R103 $12,081.94 403.00 HSBC USA INC NEW Preferred Stock 40428H805 $22,296.00 1,200.00 HSBC USA INC NEW Preferred Stock 40428H862 $31,080.00 1,400.00 HUDSON CITY BANCORP Common Stock 443683107 $1,287,385.00 97,900.00 HUMANA INC Common Stock 444859102 $119,360.00 3,200.00 HUNTINGTON BANCSHARE Common Stock 446150104 $842,148.00 178,800.00 HUNTINGTON BANCSHARES I Preferred Stock 446150401 $65,250.00 75.00 IMS HEALTH INC Common Stock 449934108 $1,267,910.00 82,600.00 INGERSOLL-RAND PLC Common Stock G47791101 $1,953,679.00 63,700.00 INTEGRYS ENERGY GROU Common Stock 45822P105 $1,209,493.00 33,700.00 INTERNATIONAL GAME Common Stock 459902102 $152,508.00 7,100.00 INTERSTATE PWR & LT Preferred Stock 461070872 $33,720.00 1,200.00 INTUIT Common Stock 461202103 $142,500.00 5,000.00 IOWA TELECOMM SERVIC Common Stock 462594201 $13,078.80 1,038.00 iShares GS $InvesTop Investment Fund 464287242 $5,747,385.00 53,875.00 iShares Lehman 1-3 Tr Investment Fund 464287457 $29,403.50 350.00 iShares Lehman TIPS Investment Fund 464287176 $2,724,776.80 26,485.00 iShares MSCI Canada Investment Fund 464286509 $3,641,270.36 142,907.00 iShares MSCI Germany Investment Fund 464286806 $3,780,710.01 170,379.00 iShares MSCI Hong Kong Investment Fund 464286871 $3,529,456.65 227,413.44 iShares MSCI Netherlands Investment Fund 464286814 $28.13 1.40 iShares MSCI S. Korea Investment Fund 464286772 $3,948,554.44 83,338.00 iShares MSCI Singapore Investment Fund 464286673 $3,598,857.84 334,777.47 iShares MSCI Spain Investment Fund 464286764 $3,848,913.56 76,932.11 iShares MSCI Switzerland Investment Fund 464286749 $3,878,830.34 178,583.35 ITT INDS INC IND Common Stock 450911102 $1,387,190.00 26,600.00 J P MORGAN CHASE & C Common Stock 46625H100 $87.64 2.00 JABIL CIRCUIT INC Common Stock 466313103 $143,487.00 10,700.00 JANUS CAP GROUP INC Common Stock 47102X105 $1,237,914.00 87,300.00 JDS UNIPHASE CORP Common Stock 46612J507 $118,026.00 16,600.00 JPMORGAN & CHASE & CO Unit 46625H696 $35,821.50 825.00 JPMORGAN & CHASE & CO Unit 46625H712 $43,510.00 1,000.00 JUNIPER NETWORKS Common Stock 48203R104 $135,100.00 5,000.00 KEYCORP NEW Preferred Stock 493267405 $54,425.00 625.00 KING PHARMACEUTICALS Common Stock 495582108 $118,470.00 11,000.00 KLA-TENCOR CORP Common Stock 482480100 $1,600,611.10 44,635.00 KRAFT FOODS INC Common Stock 50075N104 $10,219.03 389.00 LABORATORY CORP AMER Common Stock 50540R409 $98,550.00 1,500.00 LEGG MASON INC Common Stock 524901105 $1,800,732.96 58,032.00 LEHMAN BROS HLDGS IN Common Stock 524908100 $1,907.50 10,900.00 LEXMARK INTL INC. Common Stock 529771107 $96,930.00 4,500.00 LIFE PARTNERS HOLDIN Common Stock 53215T106 $10,614.70 593.00 LIFE TECHNOLOGIES CORP Common Stock 53217V109 $251,649.30 5,406.00 LIMITED BRANDS INC Common Stock 532716107 $1,564,779.00 92,100.00 LINEAR TECHNOLOGY CO Common Stock 535678106 $1,641,222.00 59,400.00 LIZ CLAIBORNE Common Stock 539320101 $30,073.00 6,100.00 LOCKHEED MARTIN CORP Common Stock 539830109 $203,008.00 2,600.00 LOEWS CORP Common Stock 540424108 $184,950.00 5,400.00 LORILLARD INC Common Stock 544147101 $163,460.00 2,200.00 LOWES COS INC Common Stock 548661107 $4,582,404.90 218,835.00 LSI LOGIC CORP Common Stock 502161102 $126,819.00 23,100.00 MANITOWOC INC Common Stock 563571108 $1,072,004.00 113,200.00 MARRIOTT INTL INC NE Common Stock 571903202 $1,795,612.39 65,082.00 MARSHALL & ILSLEY CO Common Stock 571837103 $875,595.00 108,500.00 MCAFEE INC Common Stock 579064106 $65,685.00 1,500.00 MCCORMICK & CO INC Common Stock 579780206 $1,707,182.00 50,300.00 MEREDITH CORP Common Stock 589433101 $116,766.00 3,900.00 METLIFE INC Preferred Stock 59156R504 $23,880.00 1,200.00 METLIFE INC Preferred Stock 59156R603 $35,595.00 1,500.00 MICROCHIP TECHNOLOGY Common Stock 595017104 $1,449,550.00 54,700.00 MICRON TECHNOLOGY IN Common Stock 595112103 $99,220.00 12,100.00 MILLIPORE CORP Common Stock 601073109 $246,155.00 3,500.00 MISSISSIPPI POWER CO Preferred Stock 605417773 $40,176.00 1,800.00 MOLEX INC Common Stock 608554101 $1,276,498.80 61,135.00 MOLSON COORS BREWING Common Stock 60871R209 $126,568.00 2,600.00 MONSANTO CO NEW Common Stock 61166W101 $301,860.00 3,900.00 MONSTER WORLDWIDE IN Common Stock 611742107 $106,628.00 6,100.00 MORGAN STANLEY Common Stock 617446448 $3,918,208.80 126,885.00 MORGAN STANLEY Preferred Stock 61747S504 $42,130.00 2,200.00 MOTOROLA INC Common Stock 620076109 $3,368,173.36 392,104.00 MYLAN LABS INC Common Stock 628530107 $1,527,354.00 95,400.00 NABORS INDUSTRIES LT Common Stock G6359F103 $144,210.00 6,900.00 NASDAQ STOCK MARTKET Common Stock 631103108 $103,145.00 4,900.00 NATIONAL SEMICONDUCT Common Stock 637640103 $1,178,702.00 82,600.00 NATIONAL-OILWELL INC Common Stock 637071101 $280,345.00 6,500.00 NEWELL FINL TR I Convertible Preferred 651195307 $1,941,481.60 54,536.00 NISOURCE INC Common Stock 65473P105 $1,028,290.59 74,031.00 NOBLE CORPORATION BAAR Common Stock H5833N103 $170,820.00 4,500.00 NORDIC AMERICAN TANK Common Stock - Foreign G65773106 $6,093.48 206.00 NOVELL INC Common Stock 670006105 $101,475.00 22,500.00 NVIDIA CORP Common Stock 67066G104 $85,671.00 5,700.00 OFFICE DEPOT INC Common Stock 676220106 $192,642.00 29,100.00 PALL CORP Common Stock 696429307 $1,342,848.00 41,600.00 PARKER HANNIFIN CORP Common Stock 701094104 $1,181,952.00 22,800.00 PDL BIOPHARMA INC Common Stock 69329Y104 $11,520.56 1,462.00 PEPCO HOLDINGS INC. Common Stock 713291102 $11,130.24 748.00 PEPSICO INC Common Stock 713448108 $574,868.00 9,800.00 PEPSI-COLA BOTTLING Common Stock 713409100 $1,745,476.00 47,900.00 PERKINELMER INC Common Stock 714046109 $1,144,780.00 59,500.00 PFIZER INC Common Stock 717081103 $686,825.00 41,500.00 PITNEY BOWES INC Common Stock 724479100 $115,428.25 4,645.00 PNC FINANCIAL CORP Common Stock 693475105 $155,488.00 3,200.00 PRINCIPAL FINANCIAL Preferred Stock 74251V300 $40,320.00 2,100.00 PROSPECT ENERGY CORP Common Stock 74348T102 $14,683.41 1,371.00 QLOGIC CORP Common Stock 747277101 $116,960.00 6,800.00 QUEST DIAGNOSTICS IN Common Stock 74834L100 $1,645,133.18 31,522.00 QWEST COMMUNICATIONS Common Stock 749121109 $14,226.54 3,734.00 RADIOSHACK CORP Common Stock 750438103 $1,163,214.00 70,200.00 REINSURANCE GROUP AM Convertible Preferred 759351307 $33,493.20 565.00 ROCKWELL AUTOMATION Common Stock 773903109 $945,720.00 22,200.00 ROCKWELL COLLINS INC Common Stock 774341101 $1,381,760.00 27,200.00 ROWAN COS INC Common Stock 779382100 $1,252,701.00 54,300.00 SALESFORCE COM INC Common Stock 79466L302 $159,404.00 2,800.00 SANDISK CORP Common Stock 80004C101 $147,560.00 6,800.00 SCANA CORP NEW Common Stock 80589M102 $855,050.00 24,500.00 SCHERING PLOUGH CORP Convertible Preferred 806605705 $2,176,290.90 8,967.00 SCHWAB CHARLES CP NE Common Stock 808513105 $2,511,177.80 131,132.00 SCRIPPS NETWORKS INTERA Common Stock 811065101 $121,935.00 3,300.00 SEARS HLDGS CORP Common Stock 812350106 $91,434.00 1,400.00 SEMPRA ENERGY Common Stock 816851109 $179,316.00 3,600.00 SHERWIN WILLIAMS CO Common Stock 824348106 $1,618,304.00 26,900.00 SIGMA ALDRICH CORP Common Stock 826552101 $129,552.00 2,400.00 SIMON PPTY GROUP INC Convertible Preferred 828806802 $1,890,410.97 31,117.88 SLM CORP Common Stock 78442P106 $1,657,863.84 190,122.00 SLM CORP Preferred Stock 78442P205 $22,293.75 725.00 SMITH INTL INC Common Stock 832110100 $1,371,860.00 47,800.00 SMUCKER J M CO Common Stock 832696405 $1,985,648.58 37,458.00 SOUTHERN CALIF EDISO Preferred Stock 842400202 $28,240.00 1,600.00 SOUTHWEST AIRLS CO Common Stock 844741108 $104,640.00 10,900.00 SPDR S&P 500 Unit 78462F103 $32,416.86 307.01 STANLEY WKS Preferred Stock 854616208 $1,633,588.53 2,078.00 STARWOOD HOTELS&RESO Common Stock 85590A401 $1,846,377.00 55,900.00 SUN MICROSYSTEMS INC Common Stock 866810203 $81,810.00 9,000.00 SUNTRUST BKS INC Preferred Stock 867914509 $14,400.00 800.00 SYMANTEC CORP Common Stock 871503108 $151,524.00 9,200.00 T.ROWE PRICE GROUP I Common Stock 74144T108 $1,489,820.00 32,600.00 TECO ENERGY INC Common Stock 872375100 $1,214,188.80 86,235.00 TELLABS INC Common Stock 879664100 $128,712.00 18,600.00 TERADATA CORP DEL Common Stock 88076W103 $156,864.00 5,700.00 TERADYNE INC Common Stock 880770102 $111,925.00 12,100.00 TEXAS INSTRS INC Common Stock 882508104 $4,215,990.85 177,965.00 TEXTRON INC Common Stock 883203101 $1,770,834.00 93,300.00 TIME WARNER CABLE INC Common Stock 88732J207 $211,141.00 4,900.00 TITANIUM METALS CORP Common Stock 888339207 $92,064.00 9,600.00 TOTAL SYS SVCS INC Common Stock 891906109 $1,147,032.00 71,200.00 TYCO ELECTRONICS LTD SW Common Stock - Foreign H8912P106 $1,967,324.00 88,300.00 UNILEVER N V American Depository Receipt (ADR) 904784709 $13,593.06 471.00 UNITED STATES STL CO Common Stock 912909108 $1,616,399.10 36,430.00 US BANCORP DEL Convertible Preferred 902973155 $28,704.00 1,600.00 US BANCORP DEL Common Stock 902973304 $4,787,340.00 219,000.00 VALE CAP LTD Convertible Preferred 91912C208 $1,356,926.92 29,492.00 VALERO ENERGY CORP N Common Stock 91913Y100 $127,974.00 6,600.00 VARIAN MED SYS INC Common Stock 92220P105 $248,567.00 5,900.00 VERISIGN INC Common Stock 92343E102 $158,723.00 6,700.00 VIACOM INC NEW -B Common Stock 92553P201 $232,732.00 8,300.00 VULCAN MATLS CO Common Stock 929160109 $108,140.00 2,000.00 WAL MART STORES INC Common Stock 931142103 $677,442.00 13,800.00 WALGREEN CO Common Stock 931422109 $311,001.00 8,300.00 WATERS CORP Common Stock 941848103 $150,822.00 2,700.00 WATSON PHARMACEUTICA Common Stock 942683103 $135,568.00 3,700.00 WELLS FARGO & CO NEW Common Stock 949746101 $162,288.62 5,759.00 WELLS FARGO & CO NEW Preferred Stock 949746804 $102,695.00 115.00 WINDSTREAM CORP Common Stock 97381W104 $1,238,899.00 122,300.00 WISCONSIN ENERGY COR Common Stock 976657106 $1,007,291.00 22,300.00 WYETH Common Stock 983024100 $471,226.00 9,700.00 WYNDHAM WORLDWIDE CO Common Stock 98310W108 $1,302,336.00 79,800.00 XILINX INC Common Stock 983919101 $1,656,613.70 70,735.00 XL CAPITAL LTD Common Stock - Foreign G982556006 $41,475.00 1,500.00 YAHOO INC Common Stock 984332106 $260,026.00 14,600.00 ZIMMER HLDGS INC Common Stock 98956P102 $133,625.00 2,500.00 ZIONS BANCORP Common Stock 989701107 $982,959.00 54,700.00 ISSUER INVESTMENT DISCRETION OTHER VOTING AUTHORITY NAME SOLE(A) SHARED MNGRS SOLE SHARED NONE ABERCROMBIE & FITCH 39,200.00 - ALL 39,200.00 0 0 ADVANCED MICRO DEVIC 22,200.00 - ALL 22,200.00 0 0 AKAMAI TECHNOLOGIES 4,900.00 - ALL 4,900.00 0 0 ALABAMA PWR CO 1,550.00 - ALL 1,550.00 0 0 ALABAMA PWR CO 800.00 - ALL 800.00 0 0 ALABAMA PWR CO NON CUM PFD 1,000.00 - ALL 1,000.00 0 0 ALLERGAN INC 46,300.00 - ALL 46,300.00 0 0 ALTERA CORP 78,900.00 - ALL 78,900.00 0 0 ALTRIA GROUP INC 724.00 - ALL 724.00 0 0 AMAZON COM INC 4,000.00 - ALL 4,000.00 0 0 AMERIPRISE FINL INC 28,200.00 - ALL 28,200.00 0 0 AMPHENOL CORP NEW 40,900.00 - ALL 40,900.00 0 0 ANALOG DEVICES INC 67,123.00 - ALL 67,123.00 0 0 AON CORP 3,400.00 - ALL 3,400.00 0 0 APACHE CORP 3,000.00 - ALL 3,000.00 0 0 APOLLO GROUP INC 2,100.00 - ALL 2,100.00 0 0 APPLE COMPUTER INC 6,000.00 - ALL 6,000.00 0 0 APPLIED MATERIALS IN 14,000.00 - ALL 14,000.00 0 0 ARCHER DANIELS 30,126.00 - ALL 30,126.00 0 0 ARCHER DANIELS MIDLA 8,200.00 - ALL 8,200.00 0 0 ASHLAND INC NEW 3,898.00 - ALL 3,898.00 0 0 ASSURANT INC 2,400.00 - ALL 2,400.00 0 0 AT&T INC 37,200.00 - ALL 37,200.00 0 0 AUTODESK INC 6,000.00 - ALL 6,000.00 0 0 BAKER HUGHES INC 55,100.00 - ALL 55,100.00 0 0 BANK AMER CORP 14,344.00 - ALL 14,344.00 0 0 BANK OF AMERICA CORP 1,500.00 - ALL 1,500.00 0 0 BANK OF AMERICA CORPORA 2,000.00 - ALL 2,000.00 0 0 BANK OF AMERICA CORPORA 107.00 - ALL 107.00 0 0 BANK OF AMERICA CORPORATION D 2,000.00 - ALL 2,000.00 0 0 BARD C R INC 21,400.00 - ALL 21,400.00 0 0 BCO SANT CENT HISP 2.00 - ALL 2.00 0 0 BIG LOTS INC 7,400.00 - ALL 7,400.00 0 0 BIOGEN IDEC INC 3,400.00 - ALL 3,400.00 0 0 BJ SVCS CO 88,000.00 - ALL 88,000.00 0 0 BMC SOFTWARE INC 1,900.00 - ALL 1,900.00 0 0 BROADCOM CORP 4,700.00 - ALL 4,700.00 0 0 CA INC 85,635.00 - ALL 85,635.00 0 0 CALUMET SPECIALTY PR 726.00 - ALL 726.00 0 0 CAMERON INTERNATIONA 5,300.00 - ALL 5,300.00 0 0 CAPITAL ONE FINL COR 38,980.00 - ALL 38,980.00 0 0 CATERPILLAR INC 230.00 - ALL 230.00 0 0 CENTURYTEL INC 36,242.00 - ALL 36,242.00 0 0 CEPHALON INC 2,000.00 - ALL 2,000.00 0 0 CF INDS HLDGS INC 16,000.00 - ALL 16,000.00 0 0 CHINA NEPSTAR CHAIN DRU 1,763.00 - ALL 1,763.00 0 0 CIENA CORP 6,900.00 - ALL 6,900.00 0 0 CIGNA CORP 53,800.00 - ALL 53,800.00 0 0 CIT GROUP INC 294,600.00 - ALL 294,600.00 0 0 CITIGROUP INC 49,400.00 - ALL 49,400.00 0 0 CITRIX SYS INC 6,700.00 - ALL 6,700.00 0 0 CLOROX CO 34,400.00 - ALL 34,400.00 0 0 CME GROUP INC 600.00 - ALL 600.00 0 0 COCA COLA CO 200.00 - ALL 200.00 0 0 COCA COLA ENTERPRISE 88,900.00 - ALL 88,900.00 0 0 COMERICA INC 50,035.00 - ALL 50,035.00 0 0 COMPUWARE CORP 12,700.00 - ALL 12,700.00 0 0 CONSTELLATION BRANDS 9,500.00 - ALL 9,500.00 0 0 CONVERGYS CORP 8,500.00 - ALL 8,500.00 0 0 COOPER INDUSTRIES PLC 26,400.00 - ALL 26,400.00 0 0 CORNING INC 261,922.00 - ALL 261,922.00 0 0 COSTCO WHSL CORP NEW 75,000.00 - ALL 75,000.00 0 0 COVENTRY HEALTH CARE 5,800.00 - ALL 5,800.00 0 0 CSX CORP 3,900.00 - ALL 3,900.00 0 0 CUMMINS ENGINE INC 3,400.00 - ALL 3,400.00 0 0 CVS CORP 10,400.00 - ALL 10,400.00 0 0 DANAHER CORP 2,800.00 - ALL 2,800.00 0 0 DARDEN RESTAURANTS I 39,200.00 - ALL 39,200.00 0 0 DAVITA INC 5,000.00 - ALL 5,000.00 0 0 DEAN FOODS CO NEW 10,700.00 - ALL 10,700.00 0 0 DEERE & CO 4,300.00 - ALL 4,300.00 0 0 DENTSPLY INTL INC NE 43,000.00 - ALL 43,000.00 0 0 DISCOVER FINL SVCS 71,900.00 - ALL 71,900.00 0 0 DR PEPPER SNAPPLE GROUP 7,100.00 - ALL 7,100.00 0 0 DU PONT E I DE N PFD 500.00 - ALL 500.00 0 0 EASTMAN CHEM CO 27,200.00 - ALL 27,200.00 0 0 EATON CORP 28,500.00 - ALL 28,500.00 0 0 EBAY INC 12,000.00 - ALL 12,000.00 0 0 E-TRADE FINL GRP 51,600.00 - ALL 51,600.00 0 0 EXPEDIA INC DEL 6,400.00 - ALL 6,400.00 0 0 EXXON MOBIL CORP 200.00 - ALL 200.00 0 0 FASTENAL CO 2,900.00 - ALL 2,900.00 0 0 FEDERAL HOME LN MTG 650.00 - ALL 650.00 0 0 FEDERAL HOME LN MTG CORP PFD 700.00 - ALL 700.00 0 0 FEDERAL NATL MTG ASS 700.00 - ALL 700.00 0 0 FEDERAL NATL MTG ASS 675.00 - ALL 675.00 0 0 FEDERAL NATL MTG ASS 675.00 - ALL 675.00 0 0 FEDERATED INVS INC P 8,100.00 - ALL 8,100.00 0 0 FEDEX CORP 2,800.00 - ALL 2,800.00 0 0 FIDELITY NATL INFORM 56,400.00 - ALL 56,400.00 0 0 FIFTH THIRD BANCORP 575.00 - ALL 575.00 0 0 FIRST HORIZON NATL C 1.02 - ALL 1.02 0 0 FLIR SYS INC 4,300.00 - ALL 4,300.00 0 0 FLOWSERVE CORP 16,300.00 - ALL 16,300.00 0 0 FOREST LABS INC 5,000.00 - ALL 5,000.00 0 0 FPL GROUP INC 28,901.00 - ALL 28,901.00 0 0 FRONTIER COMMUNICATIONS 129,150.00 - ALL 129,150.00 0 0 GAMESTOP CORP NEW 3,500.00 - ALL 3,500.00 0 0 GENERAL ELEC CO 300.00 - ALL 300.00 0 0 GOLDMAN SACHS GROUP 3,400.00 - ALL 3,400.00 0 0 GOLDMAN SACHS GROUP 1,500.00 - ALL 1,500.00 0 0 GOLDMAN SACHS GROUP 1,500.00 - ALL 1,500.00 0 0 GOODRICH B F CO 3,000.00 - ALL 3,000.00 0 0 GOODYEAR TIRE & RUBR 6,900.00 - ALL 6,900.00 0 0 GREAT PLAINS ENERGY INC 22,955.00 - ALL 22,955.00 0 0 HALLIBURTON CO 128,700.00 - ALL 128,700.00 0 0 HARMAN INTL INDS INC 43,000.00 - ALL 43,000.00 0 0 HARRIS CORP DEL 41,200.00 - ALL 41,200.00 0 0 HARRIS STRATEX NTWRK 10,234.00 - ALL 10,234.00 0 0 HARTFORD FINL SVCS G 5,000.00 - ALL 5,000.00 0 0 HASBRO BRADLEY INC 3,200.00 - ALL 3,200.00 0 0 HATTERAS FINL CORP 403.00 - ALL 403.00 0 0 HSBC USA INC NEW 1,200.00 - ALL 1,200.00 0 0 HSBC USA INC NEW 1,400.00 - ALL 1,400.00 0 0 HUDSON CITY BANCORP 97,900.00 - ALL 97,900.00 0 0 HUMANA INC 3,200.00 - ALL 3,200.00 0 0 HUNTINGTON BANCSHARE 178,800.00 - ALL 178,800.00 0 0 HUNTINGTON BANCSHARES I 75.00 - ALL 75.00 0 0 IMS HEALTH INC 82,600.00 - ALL 82,600.00 0 0 INGERSOLL-RAND PLC 63,700.00 - ALL 63,700.00 0 0 INTEGRYS ENERGY GROU 33,700.00 - ALL 33,700.00 0 0 INTERNATIONAL GAME 7,100.00 - ALL 7,100.00 0 0 INTERSTATE PWR & LT 1,200.00 - ALL 1,200.00 0 0 INTUIT 5,000.00 - ALL 5,000.00 0 0 IOWA TELECOMM SERVIC 1,038.00 - ALL 1,038.00 0 0 iShares GS $InvesTop 53,875.00 - ALL 53,875.00 0 0 iShares Lehman 1-3 Tr 350.00 - ALL 350.00 0 0 iShares Lehman TIPS 26,485.00 - ALL 26,485.00 0 0 iShares MSCI Canada 142,907.00 - ALL 142,907.00 0 0 iShares MSCI Germany 170,379.00 - ALL 170,379.00 0 0 iShares MSCI Hong Kong 227,413.44 - ALL 227,413.44 0 0 iShares MSCI Netherlands 1.40 - ALL 1.40 0 0 iShares MSCI S. Korea 83,338.00 - ALL 83,338.00 0 0 iShares MSCI Singapore 334,777.47 - ALL 334,777.47 0 0 iShares MSCI Spain 76,932.11 - ALL 76,932.11 0 0 iShares MSCI Switzerland 178,583.35 - ALL 178,583.35 0 0 ITT INDS INC IND 26,600.00 - ALL 26,600.00 0 0 J P MORGAN CHASE & C 2.00 - ALL 2.00 0 0 JABIL CIRCUIT INC 10,700.00 - ALL 10,700.00 0 0 JANUS CAP GROUP INC 87,300.00 - ALL 87,300.00 0 0 JDS UNIPHASE CORP 16,600.00 - ALL 16,600.00 0 0 JPMORGAN & CHASE & CO 825.00 - ALL 825.00 0 0 JPMORGAN & CHASE & CO 1,000.00 - ALL 1,000.00 0 0 JUNIPER NETWORKS 5,000.00 - ALL 5,000.00 0 0 KEYCORP NEW 625.00 - ALL 625.00 0 0 KING PHARMACEUTICALS 11,000.00 - ALL 11,000.00 0 0 KLA-TENCOR CORP 44,635.00 - ALL 44,635.00 0 0 KRAFT FOODS INC 389.00 - ALL 389.00 0 0 LABORATORY CORP AMER 1,500.00 - ALL 1,500.00 0 0 LEGG MASON INC 58,032.00 - ALL 58,032.00 0 0 LEHMAN BROS HLDGS IN 10,900.00 - ALL 10,900.00 0 0 LEXMARK INTL INC. 4,500.00 - ALL 4,500.00 0 0 LIFE PARTNERS HOLDIN 593.00 - ALL 593.00 0 0 LIFE TECHNOLOGIES CORP 5,406.00 - ALL 5,406.00 0 0 LIMITED BRANDS INC 92,100.00 - ALL 92,100.00 0 0 LINEAR TECHNOLOGY CO 59,400.00 - ALL 59,400.00 0 0 LIZ CLAIBORNE 6,100.00 - ALL 6,100.00 0 0 LOCKHEED MARTIN CORP 2,600.00 - ALL 2,600.00 0 0 LOEWS CORP 5,400.00 - ALL 5,400.00 0 0 LORILLARD INC 2,200.00 - ALL 2,200.00 0 0 LOWES COS INC 218,835.00 - ALL 218,835.00 0 0 LSI LOGIC CORP 23,100.00 - ALL 23,100.00 0 0 MANITOWOC INC 113,200.00 - ALL 113,200.00 0 0 MARRIOTT INTL INC NE 65,082.00 - ALL 65,082.00 0 0 MARSHALL & ILSLEY CO 108,500.00 - ALL 108,500.00 0 0 MCAFEE INC 1,500.00 - ALL 1,500.00 0 0 MCCORMICK & CO INC 50,300.00 - ALL 50,300.00 0 0 MEREDITH CORP 3,900.00 - ALL 3,900.00 0 0 METLIFE INC 1,200.00 - ALL 1,200.00 0 0 METLIFE INC 1,500.00 - ALL 1,500.00 0 0 MICROCHIP TECHNOLOGY 54,700.00 - ALL 54,700.00 0 0 MICRON TECHNOLOGY IN 12,100.00 - ALL 12,100.00 0 0 MILLIPORE CORP 3,500.00 - ALL 3,500.00 0 0 MISSISSIPPI POWER CO 1,800.00 - ALL 1,800.00 0 0 MOLEX INC 61,135.00 - ALL 61,135.00 0 0 MOLSON COORS BREWING 2,600.00 - ALL 2,600.00 0 0 MONSANTO CO NEW 3,900.00 - ALL 3,900.00 0 0 MONSTER WORLDWIDE IN 6,100.00 - ALL 6,100.00 0 0 MORGAN STANLEY 126,885.00 - ALL 126,885.00 0 0 MORGAN STANLEY 2,200.00 - ALL 2,200.00 0 0 MOTOROLA INC 392,104.00 - ALL 392,104.00 0 0 MYLAN LABS INC 95,400.00 - ALL 95,400.00 0 0 NABORS INDUSTRIES LT 6,900.00 - ALL 6,900.00 0 0 NASDAQ STOCK MARTKET 4,900.00 - ALL 4,900.00 0 0 NATIONAL SEMICONDUCT 82,600.00 - ALL 82,600.00 0 0 NATIONAL-OILWELL INC 6,500.00 - ALL 6,500.00 0 0 NEWELL FINL TR I 54,536.00 - ALL 54,536.00 0 0 NISOURCE INC 74,031.00 - ALL 74,031.00 0 0 NOBLE CORPORATION BAAR 4,500.00 - ALL 4,500.00 0 0 NORDIC AMERICAN TANK 206.00 - ALL 206.00 0 0 NOVELL INC 22,500.00 - ALL 22,500.00 0 0 NVIDIA CORP 5,700.00 - ALL 5,700.00 0 0 OFFICE DEPOT INC 29,100.00 - ALL 29,100.00 0 0 PALL CORP 41,600.00 - ALL 41,600.00 0 0 PARKER HANNIFIN CORP 22,800.00 - ALL 22,800.00 0 0 PDL BIOPHARMA INC 1,462.00 - ALL 1,462.00 0 0 PEPCO HOLDINGS INC. 748.00 - ALL 748.00 0 0 PEPSICO INC 9,800.00 - ALL 9,800.00 0 0 PEPSI-COLA BOTTLING 47,900.00 - ALL 47,900.00 0 0 PERKINELMER INC 59,500.00 - ALL 59,500.00 0 0 PFIZER INC 41,500.00 - ALL 41,500.00 0 0 PITNEY BOWES INC 4,645.00 - ALL 4,645.00 0 0 PNC FINANCIAL CORP 3,200.00 - ALL 3,200.00 0 0 PRINCIPAL FINANCIAL 2,100.00 - ALL 2,100.00 0 0 PROSPECT ENERGY CORP 1,371.00 - ALL 1,371.00 0 0 QLOGIC CORP 6,800.00 - ALL 6,800.00 0 0 QUEST DIAGNOSTICS IN 31,522.00 - ALL 31,522.00 0 0 QWEST COMMUNICATIONS 3,734.00 - ALL 3,734.00 0 0 RADIOSHACK CORP 70,200.00 - ALL 70,200.00 0 0 REINSURANCE GROUP AM 565.00 - ALL 565.00 0 0 ROCKWELL AUTOMATION 22,200.00 - ALL 22,200.00 0 0 ROCKWELL COLLINS INC 27,200.00 - ALL 27,200.00 0 0 ROWAN COS INC 54,300.00 - ALL 54,300.00 0 0 SALESFORCE COM INC 2,800.00 - ALL 2,800.00 0 0 SANDISK CORP 6,800.00 - ALL 6,800.00 0 0 SCANA CORP NEW 24,500.00 - ALL 24,500.00 0 0 SCHERING PLOUGH CORP 8,967.00 - ALL 8,967.00 0 0 SCHWAB CHARLES CP NE 131,132.00 - ALL 131,132.00 0 0 SCRIPPS NETWORKS INTERA 3,300.00 - ALL 3,300.00 0 0 SEARS HLDGS CORP 1,400.00 - ALL 1,400.00 0 0 SEMPRA ENERGY 3,600.00 - ALL 3,600.00 0 0 SHERWIN WILLIAMS CO 26,900.00 - ALL 26,900.00 0 0 SIGMA ALDRICH CORP 2,400.00 - ALL 2,400.00 0 0 SIMON PPTY GROUP INC 31,117.88 - ALL 31,117.88 0 0 SLM CORP 190,122.00 - ALL 190,122.00 0 0 SLM CORP 725.00 - ALL 725.00 0 0 SMITH INTL INC 47,800.00 - ALL 47,800.00 0 0 SMUCKER J M CO 37,458.00 - ALL 37,458.00 0 0 SOUTHERN CALIF EDISO 1,600.00 - ALL 1,600.00 0 0 SOUTHWEST AIRLS CO 10,900.00 - ALL 10,900.00 0 0 SPDR S&P 500 307.01 - ALL 307.01 0 0 STANLEY WKS 2,078.00 - ALL 2,078.00 0 0 STARWOOD HOTELS&RESO 55,900.00 - ALL 55,900.00 0 0 SUN MICROSYSTEMS INC 9,000.00 - ALL 9,000.00 0 0 SUNTRUST BKS INC 800.00 - ALL 800.00 0 0 SYMANTEC CORP 9,200.00 - ALL 9,200.00 0 0 T.ROWE PRICE GROUP I 32,600.00 - ALL 32,600.00 0 0 TECO ENERGY INC 86,235.00 - ALL 86,235.00 0 0 TELLABS INC 18,600.00 - ALL 18,600.00 0 0 TERADATA CORP DEL 5,700.00 - ALL 5,700.00 0 0 TERADYNE INC 12,100.00 - ALL 12,100.00 0 0 TEXAS INSTRS INC 177,965.00 - ALL 177,965.00 0 0 TEXTRON INC 93,300.00 - ALL 93,300.00 0 0 TIME WARNER CABLE INC 4,900.00 - ALL 4,900.00 0 0 TITANIUM METALS CORP 9,600.00 - ALL 9,600.00 0 0 TOTAL SYS SVCS INC 71,200.00 - ALL 71,200.00 0 0 TYCO ELECTRONICS LTD SW 88,300.00 - ALL 88,300.00 0 0 UNILEVER N V 471.00 - ALL 471.00 0 0 UNITED STATES STL CO 36,430.00 - ALL 36,430.00 0 0 US BANCORP DEL 1,600.00 - ALL 1,600.00 0 0 US BANCORP DEL 219,000.00 - ALL 219,000.00 0 0 VALE CAP LTD 29,492.00 - ALL 29,492.00 0 0 VALERO ENERGY CORP N 6,600.00 - ALL 6,600.00 0 0 VARIAN MED SYS INC 5,900.00 - ALL 5,900.00 0 0 VERISIGN INC 6,700.00 - ALL 6,700.00 0 0 VIACOM INC NEW -B 8,300.00 - ALL 8,300.00 0 0 VULCAN MATLS CO 2,000.00 - ALL 2,000.00 0 0 WAL MART STORES INC 13,800.00 - ALL 13,800.00 0 0 WALGREEN CO 8,300.00 1 ALL 8,300.00 0 0 WATERS CORP 2,700.00 2 ALL 2,700.00 0 0 WATSON PHARMACEUTICA 3,700.00 3 ALL 3,700.00 0 0 WELLS FARGO & CO NEW 5,759.00 4 ALL 5,759.00 0 0 WELLS FARGO & CO NEW 115.00 5 ALL 115.00 0 0 WINDSTREAM CORP 122,300.00 6 ALL 122,300.00 0 0 WISCONSIN ENERGY COR 22,300.00 7 ALL 22,300.00 0 0 WYETH 9,700.00 8 ALL 9,700.00 0 0 WYNDHAM WORLDWIDE CO 79,800.00 9 ALL 79,800.00 0 0 XILINX INC 70,735.00 10 ALL 70,735.00 0 0 XL CAPITAL LTD 1,500.00 11 ALL 1,500.00 0 0 YAHOO INC 14,600.00 12 ALL 14,600.00 0 0 ZIMMER HLDGS INC 2,500.00 13 ALL 2,500.00 0 0 ZIONS BANCORP 54,700.00 14 ALL 54,700.00 0 0
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