-----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, TqgRXpknyC9N6qE85CtPTrdL62b1MQ+9a0wBIMjA/07qeaxb4BceqzuYVtTULImC 1ZpTjMnTNKDL7CyRK7xjvg== 0001278249-10-000004.txt : 20100205 0001278249-10-000004.hdr.sgml : 20100205 20100205114657 ACCESSION NUMBER: 0001278249-10-000004 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100205 DATE AS OF CHANGE: 20100205 EFFECTIVENESS DATE: 20100205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER BRIDGE ADVISORS CENTRAL INDEX KEY: 0001278249 IRS NUMBER: 233096014 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 10576205 BUSINESS ADDRESS: STREET 1: 200 BARR HARBOR DRIVE CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 BUSINESS PHONE: 6102602200 MAIL ADDRESS: STREET 1: 4 TOWER BRIDGE 200 BARR HARBOR DRIVE STREET 2: STE 222 CITY: CONSHOHOCKEN STATE: PA ZIP: 19428 13F-HR/A 1 sec13f123109final.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2009 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement [ ] adds new holdings entires. Institutional Investment Manager Filing this Report: Name: Tower Bridge Advisors Address: 200 Barr Harbor Drive Suite 222 West Conshohocken, PA 19428 13F File Number: 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey Kachel Title: Chief Financial Officer Phone: 610-260-2205 Signature, Place, and Date of Signing: Jeffrey Kachel, West Conshohocken, PA February 5, 2009 Report Type (Check only one): [X] 13F HOLDING REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers 0 Form 13f Information Table Entry Total: 187 Form 13f Information Table Value Total: $512,033,233 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 12/31/09 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8) INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) ----------------- --------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER SOLE SHARED NONE ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) MGR (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ----- ----- ----- -- ------------ ------------ ------------ 3M CO. COMMON 88579Y101 5,487,864 66,383 X X 53,979 0 12,404 A T & T INC (NEW) COMMON 00206R102 8,785,279 313,424 X X 239,325 0 74,099 ABBOTT LABS COMMON 002824100 3,049,517 56,483 X X 41,923 0 14,560 ACCENTURE PLC COMMON G1151C101 7,822,086 188,484 X X 112,959 0 75,525 ADOBE SYS INC COMMON 00724F101 7,194,904 195,620 X X 123,745 0 71,875 AIM INVT SECS FDS INC MUTUAL BLANK BLA 79,612 19,853 X 19,853 0 0 AIR PRODS & CHEMS INC COMMON 009158106 4,973,679 61,358 X X 56,358 0 5,000 ALCOA INC COMMON 013817101 664,789 41,240 X X 39,790 0 1,450 ALLETE INC NEW COMMON 018522300 261,277 7,995 X X 7,895 0 100 ALTRIA GROUP INC COMMON 02209S103 1,097,592 55,914 X X 13,340 0 42,574 AMERICAN EXPRESS CO. COMMON 025816109 1,023,008 25,247 X X 15,197 0 10,050 AMGEN INC COMMON 031162100 1,165,625 20,605 X 16,910 0 3,695 ANADARKO PETROLEUM COMMON 032511107 558,597 8,949 X 4,525 0 4,424 APACHE CORP COMMON 037411105 1,635,760 15,855 X 10,450 0 5,405 APHTON CORP COMMON 03759P101 27 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 2,117,435 10,048 X 8,723 0 1,325 AQUA AMERICA INC COMMON 03836W103 690,962 39,461 X 33,749 0 5,712 AUTOMATIC DATA PROCES COMMON 053015103 3,798,568 88,710 X X 56,185 0 32,525 BANK OF AMERICA CORP COMMON 060505104 593,515 39,410 X X 35,354 0 4,056 BANK OF NEW YORK MELL COMMON 064058100 274,554 9,816 X 8,813 0 1,003 BARRICK GOLD CORP COMMON 067901108 236,044 5,994 X X 0 0 5,994 BAXTER INTERNATIONAL COMMON 071813109 1,159,634 19,762 X 19,262 0 500 BB&T CORP COMMON 054937107 2,411,179 95,041 X X 71,638 0 23,403 BECKMAN COULTER INC COMMON 075811109 474,440 7,250 X 7,250 0 0 BECTON DICKINSON & CO COMMON 075887109 8,490,852 107,670 X X 69,250 0 38,420 BERKSHIRE HATHAWAY IN COMMON 084670108 297,600 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 910,222 277 X 257 0 20 BEST BUY INC COMMON 086516101 1,499,480 38,000 X X 20,525 0 17,475 BLACK & DECKER CORP COMMON 091797100 363,048 5,600 X 3,500 0 2,100 BLACKROCK INSD MUN TE MUTUAL 092474105 177,650 17,000 X 12,000 0 5,000 BOARDWALK PIPELINE PA COMMON 096627104 3,656,002 121,745 X X 64,585 0 57,160 BOEING CO. COMMON 097023105 704,285 13,011 X X 5,651 0 7,360 BP PLC ADR COMMON 055622104 3,274,609 56,488 X X 52,656 0 3,832 BRISTOL MYERS SQUIBB COMMON 110122108 1,121,605 44,420 X X 39,920 0 4,500 BRYN MAWR BANK CORP COMMON 117665109 198,584 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 2,296,169 23,283 X X 19,005 0 4,278 CAMPBELL SOUP CO COMMON 134429109 594,880 17,600 X 17,600 0 0 CARBO CERAMICS INC CO COMMON 140781105 516,729 7,580 X 7,580 0 0 CARNIVAL CORP PAIRED COMMON 143658300 3,148,845 99,364 X X 74,039 0 25,325 CATERPILLAR INC COMMON 149123101 3,529,106 61,925 X X 38,805 0 23,120 CHESAPEAKE ENERGY COR COMMON 165167107 1,122,467 43,372 X 34,997 0 8,375 CHEVRONTEXACO CORP COMMON 166764100 5,717,270 74,260 X X 55,059 0 19,201 CHUBB CORP COMMON 171232101 257,211 5,230 X X 2,130 0 3,100 CIGNA CORP COMMON 125509109 221,037 6,267 X 450 0 5,817 CISCO SYSTEMS INC COMMON 17275R102 9,795,219 409,157 X X 253,173 0 155,984 CITIGROUP INC COMMON 172967101 165,818 50,096 X X 22,096 0 28,000 COCA COLA CO. COMMON 191216100 2,924,271 51,303 X X 28,164 0 23,139 COLGATE PALMOLIVE CO COMMON 194162103 6,952,093 84,627 X X 46,423 0 38,204 CONOCOPHILLIPS COMMON 20825C104 2,507,333 49,096 X X 37,601 0 11,495 CONSOLIDATED EDISON I COMMON 209115104 242,914 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 809,243 41,908 X 41,508 0 400 COSTCO WHOLESALE COMMON 22160K105 7,255,256 122,617 X X 75,040 0 47,577 CVS CORP COMMON 126650100 8,670,821 269,197 X X 168,262 0 100,935 DANAHER CORP SHS BEN COMMON 235851102 241,693 3,214 X X 1,646 0 1,568 DENTSPLY INTL INC NEW COMMON 249030107 7,035,731 200,049 X X 102,439 0 97,610 DEVON ENERGY CORP NEW COMMON 25179M103 4,178,843 56,855 X X 43,130 0 13,725 DIAGEO PLC ADR SPONSO COMMON 25243Q205 3,557,610 51,255 X X 30,605 0 20,650 DISNEY WALT COMPANY COMMON 254687106 1,123,171 34,827 X X 30,565 0 4,262 DOMINION RES INC VA N COMMON 25746U109 1,585,912 40,748 X X 33,348 0 7,400 DOW CHEMICAL CORP COMMON 260543103 201,588 7,296 X 4,455 0 2,841 DU PONT E I DE NEMOUR COMMON 263534109 2,311,883 68,663 X X 47,175 0 21,488 DUKE ENERGY CORP COMMON 26441C105 1,029,089 59,796 X X 45,300 0 14,496 E M C CORP MASS COMMON 268648102 4,628,275 264,927 X X 197,052 0 67,875 ECOLAB INC COMMON 278865100 520,472 11,675 X 7,675 0 4,000 EMERSON ELECTRIC CO COMMON 291011104 7,733,434 181,536 X X 117,140 0 64,396 ENTERGY CORP NEW COMMON 29364G103 466,815 5,704 X 2,258 0 3,446 ENTERPRISE PRODS PART COMMON 293792107 3,216,641 102,408 X X 43,623 0 58,785 EOG RESOURCES INC COMMON 26875P101 243,250 2,500 X 2,100 0 400 EQT CORP COM COMMON 26884L109 345,738 7,872 X 0 0 7,872 EXELON CORP COMMON 30161N101 484,497 9,914 X X 4,940 0 4,974 EXXON MOBIL COMMON 30231G102 27,049,317 396,676 X X 292,097 0 104,579 FEDERATED GOVT INCOME MUTUAL 313912107 129,739 14,660 X 14,660 0 0 FEDEX CORP COMMON 31428X106 8,375,070 100,360 X X 68,133 0 32,227 FLUOR CORP NEW COM COMMON 343412102 4,253,848 94,446 X X 50,221 0 44,225 FPL GROUP INC COMMON 302571104 1,525,442 28,880 X X 24,180 0 4,700 FRANKLIN INVS SECS TR MUTUAL 353612302 102,614 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 8,006,867 76,003 X 40,228 0 35,775 FRANKLIN TAX FREE TR MUTUAL 354723801 317,198 31,037 X 31,037 0 0 GENERAL ELECTRIC CO COMMON 369604103 10,476,028 692,401 X X 509,356 0 183,045 GENERAL MILLS INC COMMON 370334104 1,217,224 17,190 X 14,640 0 2,550 GENESEE & WYO INC CL COMMON 371559105 250,284 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 369,526 8,540 X 5,270 0 3,270 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,509,762 35,734 X X 27,560 0 8,174 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,575,138 163,025 X X 127,425 0 35,600 GOLDMAN SACHS GROUP I PREFERR 38144G804 666,928 29,200 X 12,700 0 16,500 GOOGLE INC CL A COMMON 38259P508 4,890,402 7,888 X X 6,053 0 1,835 HALLIBURTON CO. COMMON 406216101 833,613 27,704 X 26,604 0 1,100 HCP INC COMMON 40414L109 252,688 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 889,408 20,800 X X 7,200 0 13,600 HERSHEY FOODS CORP COMMON 427866108 631,121 17,634 X 11,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 3,988,265 77,427 X X 56,534 0 20,893 HOME DEPOT INC COMMON 437076102 1,173,409 40,560 X X 36,970 0 3,590 HONEYWELL INTL INC COMMON 438516106 284,906 7,268 X 2,118 0 5,150 ILLINOIS TOOL WORKS I COMMON 452308109 7,132,130 148,617 X X 98,085 0 50,532 INGERSOLL-RAND PLC COMMON G47791101 563,834 15,776 X 15,776 0 0 INT'L BUSINESS MACH. COMMON 459200101 9,178,054 70,115 X X 52,671 0 17,444 INTEL CORP COMMON 458140100 7,885,664 386,552 X X 271,370 0 115,182 ITT CORP NEW COM COMMON 450911102 1,647,638 33,125 X 17,965 0 15,160 J P MORGAN CHASE & CO COMMON 46625H100 5,765,253 138,355 X X 105,282 0 33,073 JANUS OVERSEAS FD MUTUAL 471023846 304,947 7,175 X 7,175 0 0 JOHNSON & JOHNSON COMMON 478160104 21,144,114 328,274 X X 231,747 0 96,527 JPMORGAN CHASE & CO PREFERR 46625H621 336,056 11,900 X 3,900 0 8,000 KELLOGG CO. COMMON 487836108 6,668,555 125,349 X X 73,423 0 51,926 KIMBERLY CLARK CORP COMMON 494368103 1,890,148 29,668 X 29,668 0 0 KINDER MORGAN EGY PTN COMMON 494550106 3,785,029 62,070 X X 32,480 0 29,590 KOHLS CORP COMMON 500255104 252,123 4,675 X 4,350 0 325 KRAFT FOODS INC CL A COMMON 50075N104 1,417,654 52,158 X X 22,878 0 29,280 LINCOLN NATL CORP COMMON 534187109 1,418,483 57,013 X X 18,036 0 38,977 LOWE'S COS INC COMMON 548661107 7,465,759 319,186 X X 206,321 0 112,865 L-3 COMMUNICATIONS HO COMMON 502424104 2,475,901 28,475 X X 8,850 0 19,625 MAGELLAN MIDSTREAM PA COMMON 559080106 1,039,920 24,000 X 7,900 0 16,100 MARRIOTT INTL INC NEW COMMON 571903202 1,597,913 58,639 X X 44,683 0 13,956 MCDONALD'S CORP COMMON 580135101 6,653,188 106,553 X X 76,380 0 30,173 MEDCO HEALTH SOLUTION COMMON 58405U102 341,661 5,346 X 3,298 0 2,048 MEDTRONIC INC COMMON 585055106 6,247,939 142,063 X 106,828 0 35,235 MERCK & COMPANY COMMON 58933Y105 2,241,839 61,353 X X 45,421 0 15,932 MERITOR SVGS BK PA COMMON 590007100 59,840 22,000 X 0 0 22,000 METLIFE INC COMMON 59156R108 400,516 11,330 X X 9,130 0 2,200 METLIFE INC PFD A FLT PREFERR 59156R504 677,785 28,300 X 12,900 0 15,400 MICROSOFT CORP COMMON 594918104 9,325,132 305,943 X X 204,000 0 101,943 MONSANTO CO. NEW COMMON 61166W101 239,201 2,926 X X 1,394 0 1,532 MORGAN STANLEY PFD A PREFERR 61747S504 431,233 19,700 X 10,500 0 9,200 NABORS INDUSTRIES COMMON G6359F103 450,387 20,575 X 20,575 0 0 NEWMONT MNG CORP COMMON 651639106 203,433 4,300 X 4,000 0 300 NIKE INC CL B COMMON 654106103 1,960,033 29,666 X X 16,816 0 12,850 NOBLE CORPORATION COMMON H5833N103 863,532 21,217 X X 18,337 0 2,880 NOBLE ENERGY COMMON 655044105 327,612 4,600 X 0 0 4,600 NOKIA CORP ADR COMMON 654902204 3,957,093 307,945 X X 192,075 0 115,870 NORDSTROM INC COMMON 655664100 1,384,823 36,850 X X 18,450 0 18,400 NORFOLK SOUTHERN CORP COMMON 655844108 1,747,211 33,331 X X 26,881 0 6,450 NOVARTIS AG SPONSORED COMMON 66987V109 4,529,792 83,222 X 58,282 0 24,940 NUCOR CORP COMMON 670346105 1,003,768 21,517 X X 8,667 0 12,850 OMNICOM GROUP COMMON 681919106 861,926 22,016 X 18,366 0 3,650 ONEOK INC NEW COM COMMON 682680103 205,022 4,600 X X 1,000 0 3,600 OPTIONSXPRESS HLDGS I COMMON 684010101 553,110 35,800 X 0 0 35,800 ORACLE SYS CORP COMMON 68389X105 8,159,635 332,639 X X 199,839 0 132,800 PENNSYLVANIA REIT COMMON 709102107 1,042,951 123,280 X X 90,874 0 32,406 PEPSICO INC COMMON 713448108 6,722,698 110,571 X X 76,583 0 33,988 PETROLEO BRASIL SPONS COMMON 71654V408 282,981 5,935 X 5,735 0 200 PETROLEO BRASILEIRO S COMMON 71654V101 5,516,126 130,128 X X 72,578 0 57,550 PFIZER INC COMMON 717081103 5,215,528 286,725 X X 231,910 0 54,815 PHILIP MORRIS INTL IN COMMON 718172109 4,395,699 91,216 X X 46,442 0 44,774 PIEDMONT NAT GAS INC COMMON 720186105 446,725 16,700 X 8,000 0 8,700 PNC FINANCIAL CORP COMMON 693475105 269,810 5,111 X 1,500 0 3,611 PPG INDUSTRIES INC COMMON 693506107 1,067,009 18,227 X X 16,290 0 1,937 PPL CORP COMMON 69351T106 1,469,717 45,488 X X 21,552 0 23,936 PRAXAIR INC COMMON 74005P104 3,033,309 37,770 X X 26,270 0 11,500 PROCTER & GAMBLE CO COMMON 742718109 8,087,557 133,392 X X 108,976 0 24,416 PROGRESS ENERGY INC C COMMON 743263105 620,276 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 240,875 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 143,175 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 307,629 9,252 X 7,632 0 1,620 RANGE RES CORP COM COMMON 75281A109 706,574 14,174 X 12,274 0 1,900 RAYMOND JAMES FINANCI COMMON 754730109 4,487,752 188,799 X X 126,749 0 62,050 RESEARCH IN MOTION LT COMMON 760975102 1,774,276 26,270 X X 16,395 0 9,875 ROYAL DUTCH SHELL PLC COMMON 780259206 1,009,848 16,800 X X 14,300 0 2,500 SANDISK CORP COMMON 80004C101 1,299,477 44,825 X 38,075 0 6,750 SBM OFFSHORE NV COMMON N7752F148 841,543 42,580 X X 40,111 0 2,469 SCHLUMBERGER LTD COMMON 806857108 11,046,554 169,712 X X 110,012 0 59,700 SEI INVTS CO. COMMON 784117103 2,972,400 169,658 X 82,318 0 87,340 SIMON PPTY GROUP INC COMMON 828806109 224,078 2,808 X 2,808 0 0 STAPLES INC COMMON 855030102 1,285,270 52,268 X X 33,303 0 18,965 STATE STREET CORP COMMON 857477103 6,753,707 155,115 X X 113,165 0 41,950 SUPERVALU INC COMMON 868536103 559,164 43,994 X X 1,755 0 42,239 SYSCO CORP COMMON 871829107 3,275,163 117,221 X X 81,771 0 35,450 TARGET CORP COMMON 87612E106 811,745 16,782 X X 8,782 0 8,000 TELEFONICA S A ADR COMMON 879382208 373,167 4,468 X X 0 0 4,468 TEVA PHARMACEUTICAL COMMON 881624209 10,054,401 178,968 X X 104,553 0 74,415 TEXAS INSTRUMENTS INC COMMON 882508104 1,248,092 47,893 X X 41,493 0 6,400 THERMO FISHER SCIENTI COMMON 883556102 1,610,444 33,769 X 33,769 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,800,907 57,045 X X 40,325 0 16,720 TRANSOCEAN LTD COMMON H8817H100 10,274,735 124,091 X X 80,414 0 43,677 ULTRA PETROLEUM CORP COMMON 903914109 1,256,472 25,200 X 19,425 0 5,775 UNILEVER N V COMMON 904784709 357,182 11,048 X X 4,200 0 6,848 UNION PACIFIC CORP COMMON 907818108 616,379 9,646 X X 3,482 0 6,164 UNITED PARCEL SVC INC COMMON 911312106 276,810 4,825 X 4,825 0 0 UNITED TECHNOLOGIES C COMMON 913017109 6,440,642 92,791 X X 76,759 0 16,032 VANGUARD INDEX FDS LA MUTUAL 922908637 433,989 8,565 X 8,565 0 0 VANGUARD INTERM-TERM MUTUAL 922907878 292,884 21,743 X 0 0 21,743 VANGUARD MUN BD FD IN MUTUAL 922907803 550,755 34,595 X X 25,173 0 9,422 VERIZON COMMUNICATION COMMON 92343V104 2,662,261 80,358 X X 50,722 0 29,636 VODAFONE GROUP PLC NE COMMON 92857W209 245,493 10,632 X 10,632 0 0 WAL MART STORES INC COMMON 931142103 768,077 14,370 X X 11,270 0 3,100 WELLS FARGO & CO NEW COMMON 949746101 1,319,298 48,881 X X 32,481 0 16,400 WHIRLPOOL CORP COMMON 963320106 1,264,346 15,675 X 9,475 0 6,200 WILLIS GROUP HOLDINGS COMMON G96655108 3,012,306 114,189 X X 63,584 0 50,605 XTO ENERGY INC COM COMMON 98385X106 820,091 17,625 X 16,325 0 1,300
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TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 12/31/09 (ITEM 1) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) INVESTMENT DISCRETION --------------------------------------------- NAME TITLE FAIR SHARES OR SHARED OF OF CUSIP MARKET PRINCIPAL SOLE SHARED OTHER ISSUER CLASS NUMBER VALUE AMOUNT (A) (B) (C) - ---------------------- ------ ---------- -------------- ------------ ---------- ---------- ---------- 3M CO. COMMON 88579Y101 5,487,864 66,383 63,683 2,700 A T & T INC (NEW) COMMON 00206R102 8,785,279 313,424 287,180 26,244 ABBOTT LABS COMMON 002824100 3,049,517 56,483 42,403 14,080 ACCENTURE PLC COMMON G1151C101 7,822,086 188,484 177,384 11,100 ADOBE SYS INC COMMON 00724F101 7,194,904 195,620 194,920 700 AIM INVT SECS FDS INC MUTUAL BLANK BLA 79,612 19,853 19,853 AIR PRODS & CHEMS INC COMMON 009158106 4,973,679 61,358 60,658 700 ALCOA INC COMMON 013817101 664,789 41,240 40,040 1,200 ALLETE INC NEW COMMON 018522300 261,277 7,995 7,895 100 ALTRIA GROUP INC COMMON 02209S103 1,097,592 55,914 15,640 40,274 AMERICAN EXPRESS CO. COMMON 025816109 1,023,008 25,247 24,647 600 AMGEN INC COMMON 031162100 1,165,625 20,605 20,605 ANADARKO PETROLEUM COMMON 032511107 558,597 8,949 8,949 APACHE CORP COMMON 037411105 1,635,760 15,855 15,855 APHTON CORP COMMON 03759P101 27 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 2,117,435 10,048 10,048 AQUA AMERICA INC COMMON 03836W103 690,962 39,461 39,461 AUTOMATIC DATA PROCES COMMON 053015103 3,798,568 88,710 82,160 6,550 BANK OF AMERICA CORP COMMON 060505104 593,515 39,410 36,212 3,198 BANK OF NEW YORK MELL COMMON 064058100 274,554 9,816 9,816 BARRICK GOLD CORP COMMON 067901108 236,044 5,994 5,967 27 BAXTER INTERNATIONAL COMMON 071813109 1,159,634 19,762 19,762 BB&T CORP COMMON 054937107 2,411,179 95,041 82,341 12,700 BECKMAN COULTER INC COMMON 075811109 474,440 7,250 7,250 BECTON DICKINSON & CO COMMON 075887109 8,490,852 107,670 104,120 3,550 BERKSHIRE HATHAWAY IN COMMON 084670108 297,600 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 910,222 277 277 BEST BUY INC COMMON 086516101 1,499,480 38,000 35,500 2,500 BLACK & DECKER CORP COMMON 091797100 363,048 5,600 5,600 BLACKROCK INSD MUN TE MUTUAL 092474105 177,650 17,000 17,000 BOARDWALK PIPELINE PA COMMON 096627104 3,656,002 121,745 120,195 1,550 BOEING CO. COMMON 097023105 704,285 13,011 6,011 7,000 BP PLC ADR COMMON 055622104 3,274,609 56,488 54,232 2,256 BRISTOL MYERS SQUIBB COMMON 110122108 1,121,605 44,420 40,420 4,000 BRYN MAWR BANK CORP COMMON 117665109 198,584 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 2,296,169 23,283 20,783 2,500 CAMPBELL SOUP CO COMMON 134429109 594,880 17,600 17,600 CARBO CERAMICS INC CO COMMON 140781105 516,729 7,580 7,580 CARNIVAL CORP PAIRED COMMON 143658300 3,148,845 99,364 97,464 1,900 CATERPILLAR INC COMMON 149123101 3,529,106 61,925 50,975 10,950 CHESAPEAKE ENERGY COR COMMON 165167107 1,122,467 43,372 43,372 CHEVRONTEXACO CORP COMMON 166764100 5,717,270 74,260 62,424 11,836 CHUBB CORP COMMON 171232101 257,211 5,230 2,830 2,400 CIGNA CORP COMMON 125509109 221,037 6,267 6,267 CISCO SYSTEMS INC COMMON 17275R102 9,795,219 409,157 374,307 34,850 CITIGROUP INC COMMON 172967101 165,818 50,096 25,096 25,000 COCA COLA CO. COMMON 191216100 2,924,271 51,303 31,303 20,000 COLGATE PALMOLIVE CO COMMON 194162103 6,952,093 84,627 83,527 1,100 CONOCOPHILLIPS COMMON 20825C104 2,507,333 49,096 48,304 792 CONSOLIDATED EDISON I COMMON 209115104 242,914 5,347 3,041 2,306 CORNING INC COMMON 219350105 809,243 41,908 41,908 COSTCO WHOLESALE COMMON 22160K105 7,255,256 122,617 119,415 3,202 CVS CORP COMMON 126650100 8,670,821 269,197 261,297 7,900 DANAHER CORP SHS BEN COMMON 235851102 241,693 3,214 2,614 600 DENTSPLY INTL INC NEW COMMON 249030107 7,035,731 200,049 196,249 3,800 DEVON ENERGY CORP NEW COMMON 25179M103 4,178,843 56,855 54,905 1,950 DIAGEO PLC ADR SPONSO COMMON 25243Q205 3,557,610 51,255 50,905 350 DISNEY WALT COMPANY COMMON 254687106 1,123,171 34,827 33,227 1,600 DOMINION RES INC VA N COMMON 25746U109 1,585,912 40,748 33,948 6,800 DOW CHEMICAL CORP COMMON 260543103 201,588 7,296 7,296 DU PONT E I DE NEMOUR COMMON 263534109 2,311,883 68,663 57,813 10,850 DUKE ENERGY CORP COMMON 26441C105 1,029,089 59,796 46,300 13,496 E M C CORP MASS COMMON 268648102 4,628,275 264,927 263,627 1,300 ECOLAB INC COMMON 278865100 520,472 11,675 11,675 EMERSON ELECTRIC CO COMMON 291011104 7,733,434 181,536 174,736 6,800 ENTERGY CORP NEW COMMON 29364G103 466,815 5,704 5,704 ENTERPRISE PRODS PART COMMON 293792107 3,216,641 102,408 100,708 1,700 EOG RESOURCES INC COMMON 26875P101 243,250 2,500 2,500 EQT CORP COM COMMON 26884L109 345,738 7,872 7,872 EXELON CORP COMMON 30161N101 484,497 9,914 8,814 1,100 EXXON MOBIL COMMON 30231G102 27,049,317 396,676 368,051 28,625 FEDERATED GOVT INCOME MUTUAL 313912107 129,739 14,660 14,660 FEDEX CORP COMMON 31428X106 8,375,070 100,360 97,860 2,500 FLUOR CORP NEW COM COMMON 343412102 4,253,848 94,446 93,846 600 FPL GROUP INC COMMON 302571104 1,525,442 28,880 25,780 3,100 FRANKLIN INVS SECS TR MUTUAL 353612302 102,614 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 8,006,867 76,003 76,003 FRANKLIN TAX FREE TR MUTUAL 354723801 317,198 31,037 31,037 GENERAL ELECTRIC CO COMMON 369604103 10,476,028 692,401 644,050 48,351 GENERAL MILLS INC COMMON 370334104 1,217,224 17,190 17,190 GENESEE & WYO INC CL COMMON 371559105 250,284 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 369,526 8,540 8,540 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,509,762 35,734 34,334 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,575,138 163,025 161,525 1,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 666,928 29,200 29,200 GOOGLE INC CL A COMMON 38259P508 4,890,402 7,888 7,638 250 HALLIBURTON CO. COMMON 406216101 833,613 27,704 27,704 HCP INC COMMON 40414L109 252,688 8,274 5,074 3,200 HEINZ H J CO. COMMON 423074103 889,408 20,800 10,800 10,000 HERSHEY FOODS CORP COMMON 427866108 631,121 17,634 17,634 HEWLETT PACKARD CO. COMMON 428236103 3,988,265 77,427 74,052 3,375 HOME DEPOT INC COMMON 437076102 1,173,409 40,560 39,360 1,200 HONEYWELL INTL INC COMMON 438516106 284,906 7,268 7,268 ILLINOIS TOOL WORKS I COMMON 452308109 7,132,130 148,617 144,291 4,326 INGERSOLL-RAND PLC COMMON G47791101 563,834 15,776 15,776 INT'L BUSINESS MACH. COMMON 459200101 9,178,054 70,115 68,068 2,047 INTEL CORP COMMON 458140100 7,885,664 386,552 326,451 60,101 ITT CORP NEW COM COMMON 450911102 1,647,638 33,125 33,125 J P MORGAN CHASE & CO COMMON 46625H100 5,765,253 138,355 120,036 18,319 JANUS OVERSEAS FD MUTUAL 471023846 304,947 7,175 7,175 JOHNSON & JOHNSON COMMON 478160104 21,144,114 328,274 306,974 21,300 JPMORGAN CHASE & CO PREFERR 46625H621 336,056 11,900 11,900 KELLOGG CO. COMMON 487836108 6,668,555 125,349 122,699 2,650 KIMBERLY CLARK CORP COMMON 494368103 1,890,148 29,668 29,668 KINDER MORGAN EGY PTN COMMON 494550106 3,785,029 62,070 58,420 3,650 KOHLS CORP COMMON 500255104 252,123 4,675 4,675 KRAFT FOODS INC CL A COMMON 50075N104 1,417,654 52,158 25,742 26,416 LINCOLN NATL CORP COMMON 534187109 1,418,483 57,013 19,057 37,956 LOWE'S COS INC COMMON 548661107 7,465,759 319,186 308,286 10,900 L-3 COMMUNICATIONS HO COMMON 502424104 2,475,901 28,475 26,925 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 1,039,920 24,000 24,000 MARRIOTT INTL INC NEW COMMON 571903202 1,597,913 58,639 52,700 5,939 MCDONALD'S CORP COMMON 580135101 6,653,188 106,553 104,645 1,908 MEDCO HEALTH SOLUTION COMMON 58405U102 341,661 5,346 5,346 MEDTRONIC INC COMMON 585055106 6,247,939 142,063 142,063 MERCK & COMPANY COMMON 58933Y105 2,241,839 61,353 53,753 7,600 MERITOR SVGS BK PA COMMON 590007100 59,840 22,000 22,000 METLIFE INC COMMON 59156R108 400,516 11,330 9,130 2,200 METLIFE INC PFD A FLT PREFERR 59156R504 677,785 28,300 28,300 MICROSOFT CORP COMMON 594918104 9,325,132 305,943 299,243 6,700 MONSANTO CO. NEW COMMON 61166W101 239,201 2,926 2,074 852 MORGAN STANLEY PFD A PREFERR 61747S504 431,233 19,700 19,700 NABORS INDUSTRIES COMMON G6359F103 450,387 20,575 20,575 NEWMONT MNG CORP COMMON 651639106 203,433 4,300 4,300 NIKE INC CL B COMMON 654106103 1,960,033 29,666 29,166 500 NOBLE CORPORATION COMMON H5833N103 863,532 21,217 21,117 100 NOBLE ENERGY COMMON 655044105 327,612 4,600 4,600 NOKIA CORP ADR COMMON 654902204 3,957,093 307,945 300,445 7,500 NORDSTROM INC COMMON 655664100 1,384,823 36,850 34,190 2,660 NORFOLK SOUTHERN CORP COMMON 655844108 1,747,211 33,331 31,981 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 4,529,792 83,222 83,222 NUCOR CORP COMMON 670346105 1,003,768 21,517 19,417 2,100 OMNICOM GROUP COMMON 681919106 861,926 22,016 22,016 ONEOK INC NEW COM COMMON 682680103 205,022 4,600 2,800 1,800 OPTIONSXPRESS HLDGS I COMMON 684010101 553,110 35,800 35,800 ORACLE SYS CORP COMMON 68389X105 8,159,635 332,639 303,839 28,800 PENNSYLVANIA REIT COMMON 709102107 1,042,951 123,280 123,080 200 PEPSICO INC COMMON 713448108 6,722,698 110,571 94,321 16,250 PETROLEO BRASIL SPONS COMMON 71654V408 282,981 5,935 5,935 PETROLEO BRASILEIRO S COMMON 71654V101 5,516,126 130,128 126,328 3,800 PFIZER INC COMMON 717081103 5,215,528 286,725 245,816 40,909 PHILIP MORRIS INTL IN COMMON 718172109 4,395,699 91,216 49,142 42,074 PIEDMONT NAT GAS INC COMMON 720186105 446,725 16,700 16,700 PNC FINANCIAL CORP COMMON 693475105 269,810 5,111 5,111 PPG INDUSTRIES INC COMMON 693506107 1,067,009 18,227 17,490 737 PPL CORP COMMON 69351T106 1,469,717 45,488 37,488 8,000 PRAXAIR INC COMMON 74005P104 3,033,309 37,770 37,370 400 PROCTER & GAMBLE CO COMMON 742718109 8,087,557 133,392 124,260 9,132 PROGRESS ENERGY INC C COMMON 743263105 620,276 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 240,875 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 143,175 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 307,629 9,252 9,252 RANGE RES CORP COM COMMON 75281A109 706,574 14,174 14,174 RAYMOND JAMES FINANCI COMMON 754730109 4,487,752 188,799 187,399 1,400 RESEARCH IN MOTION LT COMMON 760975102 1,774,276 26,270 25,970 300 ROYAL DUTCH SHELL PLC COMMON 780259206 1,009,848 16,800 14,600 2,200 SANDISK CORP COMMON 80004C101 1,299,477 44,825 44,825 SBM OFFSHORE NV COMMON N7752F148 841,543 42,580 41,654 926 SCHLUMBERGER LTD COMMON 806857108 11,046,554 169,712 157,662 12,050 SEI INVTS CO. COMMON 784117103 2,972,400 169,658 169,658 SIMON PPTY GROUP INC COMMON 828806109 224,078 2,808 2,808 STAPLES INC COMMON 855030102 1,285,270 52,268 50,668 1,600 STATE STREET CORP COMMON 857477103 6,753,707 155,115 153,215 1,900 SUPERVALU INC COMMON 868536103 559,164 43,994 1,755 42,239 SYSCO CORP COMMON 871829107 3,275,163 117,221 112,571 4,650 TARGET CORP COMMON 87612E106 811,745 16,782 14,282 2,500 TELEFONICA S A ADR COMMON 879382208 373,167 4,468 1,265 3,203 TEVA PHARMACEUTICAL COMMON 881624209 10,054,401 178,968 176,368 2,600 TEXAS INSTRUMENTS INC COMMON 882508104 1,248,092 47,893 42,593 5,300 THERMO FISHER SCIENTI COMMON 883556102 1,610,444 33,769 33,769 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,800,907 57,045 56,445 600 TRANSOCEAN LTD COMMON H8817H100 10,274,735 124,091 118,716 5,375 ULTRA PETROLEUM CORP COMMON 903914109 1,256,472 25,200 25,200 UNILEVER N V COMMON 904784709 357,182 11,048 9,977 1,071 UNION PACIFIC CORP COMMON 907818108 616,379 9,646 6,558 3,088 UNITED PARCEL SVC INC COMMON 911312106 276,810 4,825 4,825 UNITED TECHNOLOGIES C COMMON 913017109 6,440,642 92,791 87,791 5,000 VANGUARD INDEX FDS LA MUTUAL 922908637 433,989 8,565 8,565 VANGUARD INTERM-TERM MUTUAL 922907878 292,884 21,743 21,743 VANGUARD MUN BD FD IN MUTUAL 922907803 550,755 34,595 25,173 9,422 VERIZON COMMUNICATION COMMON 92343V104 2,662,261 80,358 59,149 21,209 VODAFONE GROUP PLC NE COMMON 92857W209 245,493 10,632 10,632 WAL MART STORES INC COMMON 931142103 768,077 14,370 12,870 1,500 WELLS FARGO & CO NEW COMMON 949746101 1,319,298 48,881 32,981 15,900 WHIRLPOOL CORP COMMON 963320106 1,264,346 15,675 15,675 WILLIS GROUP HOLDINGS COMMON G96655108 3,012,306 114,189 110,089 4,100 XTO ENERGY INC COM COMMON 98385X106 820,091 17,625 17,625
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