-----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, V8RQ0UtdAWGJZ9igSuVjXkuiReN6q8rEQImfqqsjh0cqGlOTKztIAZRRXfr5nyGQ wsq2ChY4FmdrT0YjQSe8UA== 0001278249-10-000006.txt : 20100510 0001278249-10-000006.hdr.sgml : 20100510 20100510152423 ACCESSION NUMBER: 0001278249-10-000006 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100510 DATE AS OF CHANGE: 20100510 EFFECTIVENESS DATE: 20100510 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 SEC ACT: 1934 Act SEC FILE NUMBER: 028-10708 FILM NUMBER: 10815924 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 1 sec13f033110final.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: March 31, 2010 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 May 10, 2010 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: $522,252,914 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 03/31/10 (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 5,416,821 64,818 X X 53,114 0 11,704 A T & T INC (NEW) COMMON 00206R102 7,875,036 304,761 X X 240,337 0 64,424 ABBOTT LABS COMMON 002824100 2,959,720 56,183 X X 43,123 0 13,060 ACCENTURE PLC COMMON G1151C101 7,227,482 172,288 X X 100,163 0 72,125 ADOBE SYS INC COMMON 00724F101 7,068,588 199,847 X X 128,572 0 71,275 AIR PRODS & CHEMS INC COMMON 009158106 4,470,869 60,458 X 55,458 0 5,000 ALCOA INC COMMON 013817101 582,986 40,940 X X 39,490 0 1,450 ALLETE INC NEW COMMON 018522300 267,673 7,995 X X 7,895 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 492,093 16,050 X X 12,150 0 3,900 ALTRIA GROUP INC COMMON 02209S103 806,251 39,291 X X 13,340 0 25,951 AMERICAN EXPRESS CO. COMMON 025816109 1,037,070 25,135 X X 15,085 0 10,050 AMGEN INC COMMON 031162100 1,232,952 20,605 X 16,910 0 3,695 ANADARKO PETROLEUM COMMON 032511107 596,259 8,187 X 4,963 0 3,224 APACHE CORP COMMON 037411105 1,599,133 15,755 X 10,900 0 4,855 APHTON CORP COMMON 03759P101 18 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 2,284,905 9,723 X 8,498 0 1,225 AQUA AMERICA INC COMMON 03836W103 693,330 39,461 X 33,749 0 5,712 AUTOMATIC DATA PROCES COMMON 053015103 3,525,810 79,285 X X 53,260 0 26,025 BANK OF AMERICA CORP COMMON 060505104 1,100,845 61,672 X X 57,616 0 4,056 BANK OF NEW YORK MELL COMMON 064058100 296,324 9,596 X 8,813 0 783 BAXTER INTERNATIONAL COMMON 071813109 1,150,148 19,762 X 19,262 0 500 BB&T CORP COMMON 054937107 1,395,380 43,081 X X 32,553 0 10,528 BECKMAN COULTER INC COMMON 075811109 455,300 7,250 X 7,250 0 0 BECTON DICKINSON & CO COMMON 075887109 8,414,570 106,879 X X 69,609 0 37,270 BERKSHIRE HATHAWAY IN COMMON 084670108 1,461,600 12 X 11 0 1 BERKSHIRE HATHAWAY IN COMMON 084670702 1,290,974 15,885 X 14,799 0 1,086 BEST BUY INC COMMON 086516101 1,755,839 41,275 X X 22,850 0 18,425 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 X 12,000 0 5,000 BOARDWALK PIPELINE PA COMMON 096627104 3,705,715 124,520 X X 66,360 0 58,160 BOEING CO. COMMON 097023105 938,194 12,921 X X 5,561 0 7,360 BOSTON PROPERTIES INC COMMON 101121101 230,092 3,050 X 2,500 0 550 BP PLC ADR COMMON 055622104 3,164,474 55,449 X X 51,742 0 3,707 BRISTOL MYERS SQUIBB COMMON 110122108 1,110,987 41,610 X X 37,610 0 4,000 BRYN MAWR BANK CORP COMMON 117665109 221,430 12,200 X 0 0 12,200 CAMPBELL SOUP CO COMMON 134429109 622,160 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 3,823,848 98,350 X X 73,025 0 25,325 CATERPILLAR INC COMMON 149123101 8,060,324 128,247 X X 87,802 0 40,445 CHESAPEAKE ENERGY COR COMMON 165167107 1,023,896 43,312 X 36,337 0 6,975 CHEVRONTEXACO CORP COMMON 166764100 6,819,764 89,935 X X 69,459 0 20,476 CHUBB CORP COMMON 171232101 271,176 5,230 X X 2,130 0 3,100 CIGNA CORP COMMON 125509109 229,247 6,267 X 450 0 5,817 CISCO SYSTEMS INC COMMON 17275R102 10,692,916 410,792 X X 257,468 0 153,324 CITIGROUP INC COMMON 172967101 202,042 49,887 X X 21,887 0 28,000 COCA COLA CO. COMMON 191216100 2,433,915 44,253 X X 26,714 0 17,539 COLGATE PALMOLIVE CO COMMON 194162103 7,186,635 84,291 X X 46,287 0 38,004 CONOCOPHILLIPS COMMON 20825C104 2,122,071 41,471 X 33,676 0 7,795 CONSOLIDATED EDISON I COMMON 209115104 238,155 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 834,835 41,308 X 40,908 0 400 COSTCO WHOLESALE COMMON 22160K105 7,286,551 122,032 X X 75,395 0 46,638 CVS CORP COMMON 126650100 9,861,057 269,723 X X 169,438 0 100,285 DANAHER CORP SHS BEN COMMON 235851102 208,885 2,614 X 1,646 0 968 DENTSPLY INTL INC NEW COMMON 249030107 6,966,764 199,735 X X 103,175 0 96,560 DEVON ENERGY CORP NEW COMMON 25179M103 2,972,607 46,137 X X 34,487 0 11,650 DIAGEO PLC ADR SPONSO COMMON 25243Q205 5,345,210 79,247 X X 51,622 0 27,625 DISNEY WALT COMPANY COMMON 254687106 1,217,556 34,877 X X 30,615 0 4,262 DOMINION RES INC VA N COMMON 25746U109 1,654,595 40,248 X X 33,748 0 6,500 DOW CHEMICAL CORP COMMON 260543103 215,743 7,296 X 4,455 0 2,841 DU PONT E I DE NEMOUR COMMON 263534109 2,164,873 58,133 X X 47,775 0 10,358 DUKE ENERGY CORP COMMON 26441C105 969,343 59,396 X X 44,900 0 14,496 E M C CORP MASS COMMON 268648102 4,812,657 266,777 X X 198,977 0 67,800 ECOLAB INC COMMON 278865100 513,116 11,675 X 7,675 0 4,000 EMERSON ELECTRIC CO COMMON 291011104 9,002,655 178,837 X X 116,341 0 62,496 ENTERGY CORP NEW COMMON 29364G103 464,020 5,704 X 2,258 0 3,446 ENTERPRISE PRODS PART COMMON 293792107 3,597,497 104,034 X X 45,223 0 58,811 EQT CORP COM COMMON 26884L109 322,752 7,872 X 0 0 7,872 EXELON CORP COMMON 30161N101 434,332 9,914 X X 4,940 0 4,974 EXXON MOBIL COMMON 30231G102 28,418,122 424,278 X X 311,065 0 113,213 FEDERATED GOVT INCOME MUTUAL 313912107 92,810 10,428 X 10,428 0 0 FEDEX CORP COMMON 31428X106 9,383,743 100,468 X X 68,641 0 31,827 FLUOR CORP NEW COM COMMON 343412102 5,145,494 110,632 X X 62,207 0 48,425 FPL GROUP INC COMMON 302571104 1,342,607 27,780 X X 23,630 0 4,150 FRANKLIN INVS SECS TR MUTUAL 353612302 102,042 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 7,976,039 71,921 X 37,521 0 34,400 FRANKLIN TAX FREE TR MUTUAL 354723801 318,129 31,037 X 31,037 0 0 GENERAL ELECTRIC CO COMMON 369604103 12,558,493 690,027 X X 514,282 0 175,745 GENERAL MILLS INC COMMON 370334104 1,209,801 17,090 X 14,640 0 2,450 GENESEE & WYO INC CL COMMON 371559105 261,632 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 245,083 5,390 X 3,520 0 1,870 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,471,926 38,212 X X 30,156 0 8,056 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,368,339 153,525 X X 124,425 0 29,100 GOLDMAN SACHS GROUP I PREFERR 38144G804 702,780 31,800 X 15,800 0 16,000 GOOGLE INC CL A COMMON 38259P508 4,747,362 8,371 X X 6,411 0 1,960 HALLIBURTON CO. COMMON 406216101 661,022 21,939 X 20,839 0 1,100 HCP INC COMMON 40414L109 273,042 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 893,956 19,600 X X 7,200 0 12,400 HERSHEY FOODS CORP COMMON 427866108 754,912 17,634 X 11,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 4,593,329 86,422 X X 64,929 0 21,493 HOME DEPOT INC COMMON 437076102 1,260,688 38,970 X X 36,670 0 2,300 HONEYWELL INTL INC COMMON 438516106 313,178 6,918 X 2,118 0 4,800 ILLINOIS TOOL WORKS I COMMON 452308109 4,506,683 95,158 X X 60,356 0 34,802 INGERSOLL-RAND PLC COMMON G47791101 550,109 15,776 X 15,776 0 0 INT'L BUSINESS MACH. COMMON 459200101 9,075,227 70,762 X X 53,246 0 17,516 INTEL CORP COMMON 458140100 7,121,926 319,512 X X 208,150 0 111,362 ITT CORP NEW COM COMMON 450911102 1,660,999 30,983 X 18,323 0 12,660 J P MORGAN CHASE & CO COMMON 46625H100 6,735,323 150,510 X X 114,337 0 36,173 JACKSON HEWITT TAX SV COMMON 468202106 20,000 10,000 X 0 0 10,000 JANUS OVERSEAS FD MUTUAL 471023846 330,849 7,175 X 7,175 0 0 JOHNSON & JOHNSON COMMON 478160104 21,885,996 335,675 X X 241,698 0 93,977 JPMORGAN CHASE & CO PREFERR 46625H621 626,698 22,600 X 10,300 0 12,300 KELLOGG CO. COMMON 487836108 6,835,890 127,941 X X 77,440 0 50,501 KIMBERLY CLARK CORP COMMON 494368103 1,865,524 29,668 X 29,668 0 0 KINDER MORGAN EGY PTN COMMON 494550106 3,995,199 61,070 X X 31,480 0 29,590 KOHLS CORP COMMON 500255104 261,575 4,775 X 4,350 0 425 KRAFT FOODS INC CL A COMMON 50075N104 1,167,869 38,620 X X 19,204 0 19,416 LINCOLN NATL CORP COMMON 534187109 883,730 28,786 X X 11,565 0 17,221 LOWE'S COS INC COMMON 548661107 7,327,481 302,289 X X 196,724 0 105,565 L-3 COMMUNICATIONS HO COMMON 502424104 2,457,975 26,825 X X 8,850 0 17,975 MAGELLAN MIDSTREAM PA COMMON 559080106 1,140,720 24,000 X 7,900 0 16,100 MAIRS & POWER GROWTH MUTUAL 560636102 269,598 3,957 X 3,957 0 0 MARRIOTT INTL INC NEW COMMON 571903202 1,934,945 61,388 X X 48,086 0 13,302 MCDONALD'S CORP COMMON 580135101 6,997,747 104,882 X X 75,205 0 29,677 MEDCO HEALTH SOLUTION COMMON 58405U102 345,136 5,346 X 3,298 0 2,048 MEDTRONIC INC COMMON 585055106 8,428,925 187,185 X X 128,850 0 58,335 MERCK & COMPANY COMMON 58933Y105 2,258,368 60,465 X X 45,333 0 15,132 MERITOR SVGS BK PA COMMON 590007100 52,800 22,000 X 0 0 22,000 METLIFE INC COMMON 59156R108 222,334 5,130 X 5,130 0 0 METLIFE INC PFD A FLT PREFERR 59156R504 984,906 41,400 X 22,600 0 18,800 MICROSOFT CORP COMMON 594918104 9,336,377 318,784 X X 215,841 0 102,943 MONSANTO CO. NEW COMMON 61166W101 206,832 2,896 X X 1,364 0 1,532 MORGAN STANLEY PFD A PREFERR 61747S504 443,707 20,900 X 11,700 0 9,200 NEWMONT MNG CORP COMMON 651639106 218,999 4,300 X 4,000 0 300 NIKE INC CL B COMMON 654106103 2,180,819 29,671 X X 16,821 0 12,850 NOBLE CORPORATION COMMON H5833N103 508,531 12,160 X 11,630 0 530 NOBLE ENERGY COMMON 655044105 335,800 4,600 X 0 0 4,600 NOKIA CORP ADR COMMON 654902204 4,444,393 285,997 X X 177,077 0 108,920 NORFOLK SOUTHERN CORP COMMON 655844108 1,787,418 31,981 X X 25,631 0 6,350 NOVARTIS AG SPONSORED COMMON 66987V109 4,666,846 86,263 X 61,148 0 25,115 NUCOR CORP COMMON 670346105 990,055 21,817 X X 8,967 0 12,850 OMNICOM GROUP COMMON 681919106 687,442 17,713 X 13,963 0 3,750 OPTIONSXPRESS HLDGS I COMMON 684010101 583,182 35,800 X 0 0 35,800 ORACLE SYS CORP COMMON 68389X105 8,514,149 331,161 X X 201,911 0 129,250 PENNSYLVANIA REIT COMMON 709102107 1,515,010 121,492 X X 89,786 0 31,706 PENTAIR INC COMMON 709631105 205,706 5,775 X 2,375 0 3,400 PEPSICO INC COMMON 713448108 7,168,151 108,346 X X 75,608 0 32,738 PETROLEO BRASIL SPONS COMMON 71654V408 277,458 6,235 X 6,035 0 200 PETROLEO BRASILEIRO S COMMON 71654V101 5,196,821 131,266 X X 73,016 0 58,250 PFIZER INC COMMON 717081103 4,621,513 269,476 X X 219,739 0 49,737 PHILIP MORRIS INTL IN COMMON 718172109 3,611,089 69,231 X X 37,680 0 31,551 PIEDMONT NAT GAS INC COMMON 720186105 460,586 16,700 X 8,000 0 8,700 PNC FINANCIAL CORP COMMON 693475105 305,127 5,111 X 1,500 0 3,611 PPG INDUSTRIES INC COMMON 693506107 1,192,046 18,227 X X 16,290 0 1,937 PPL CORP COMMON 69351T106 1,241,075 44,788 X X 21,552 0 23,236 PRAXAIR INC COMMON 74005P104 3,258,331 39,257 X X 27,682 0 11,575 PROCTER & GAMBLE CO COMMON 742718109 8,162,589 129,012 X X 110,226 0 18,786 PROGRESS ENERGY INC C COMMON 743263105 599,256 15,225 X X 7,125 0 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 243,375 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 144,975 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 273,119 9,252 X 7,632 0 1,620 QUALCOMM INC COMMON 747525103 4,902,648 116,841 X 78,666 0 38,175 RANGE RES CORP COM COMMON 75281A109 570,877 12,180 X 10,045 0 2,135 RAYMOND JAMES FINANCI COMMON 754730109 5,059,983 189,229 X X 126,779 0 62,450 RESEARCH IN MOTION LT COMMON 760975102 1,504,772 20,343 X X 12,643 0 7,700 ROYAL DUTCH SHELL PLC COMMON 780259206 960,476 16,600 X X 15,100 0 1,500 SANDISK CORP COMMON 80004C101 1,513,677 43,710 X 36,960 0 6,750 SBM OFFSHORE NV COMMON N7752F148 745,444 37,744 X X 35,275 0 2,469 SCHLUMBERGER LTD COMMON 806857108 10,810,348 170,349 X X 111,899 0 58,450 SEI INVTS CO. COMMON 784117103 3,564,846 162,260 X 79,920 0 82,340 SIMON PPTY GROUP INC COMMON 828806109 235,591 2,808 X 2,808 0 0 STAPLES INC COMMON 855030102 350,223 14,962 X X 13,362 0 1,600 STATE STREET CORP COMMON 857477103 7,582,166 167,970 X X 121,245 0 46,725 SUPERVALU INC COMMON 868536103 652,155 39,098 X X 1,755 0 37,343 SYSCO CORP COMMON 871829107 1,730,487 58,661 X X 39,611 0 19,050 TARGET CORP COMMON 87612E106 822,980 15,646 X X 7,646 0 8,000 TELEFONICA S A ADR COMMON 879382208 317,675 4,468 X X 0 0 4,468 TEVA PHARMACEUTICAL COMMON 881624209 11,262,252 178,539 X X 104,574 0 73,965 TEXAS INSTRUMENTS INC COMMON 882508104 1,168,271 47,743 X X 41,343 0 6,400 THERMO FISHER SCIENTI COMMON 883556102 1,261,772 24,529 X 24,529 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,584,664 57,009 X X 40,339 0 16,670 TRANSOCEAN LTD COMMON H8817H100 2,475,651 28,660 X X 24,991 0 3,669 ULTRA PETROLEUM CORP COMMON 903914109 1,165,190 24,988 X 18,788 0 6,200 UNILEVER N V COMMON 904784709 333,208 11,048 X X 4,200 0 6,848 UNION PACIFIC CORP COMMON 907818108 707,052 9,646 X X 3,482 0 6,164 UNITED PARCEL SVC INC COMMON 911312106 310,778 4,825 X 4,825 0 0 UNITED TECHNOLOGIES C COMMON 913017109 6,909,128 93,861 X X 77,379 0 16,482 VANGUARD INDEX FDS LA MUTUAL 922908637 491,959 9,230 X 9,230 0 0 VANGUARD INDEX TR MID MUTUAL 922908629 267,643 4,110 X 4,010 0 100 VANGUARD INTERM-TERM MUTUAL 922907878 295,189 21,947 X 0 0 21,947 VANGUARD MUN BD FD IN MUTUAL 922907803 550,409 34,595 X X 25,173 0 9,422 VERIZON COMMUNICATION COMMON 92343V104 2,430,511 78,353 X X 52,497 0 25,856 VODAFONE GROUP PLC NE COMMON 92857W209 253,333 10,868 X X 10,632 0 236 WAL MART STORES INC COMMON 931142103 787,852 14,170 X X 11,270 0 2,900 WASATCH ADVISORS FDS MUTUAL 936772201 261,425 9,030 X 9,030 0 0 WEATHERFORD INTERNATI COMMON H27013103 175,253 11,050 X 11,050 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,410,950 45,339 X X 31,939 0 13,400 WHIRLPOOL CORP COMMON 963320106 1,245,494 14,275 X 9,275 0 5,000 WILLIS GROUP HOLDINGS COMMON G96666105 3,523,191 112,598 X X 62,943 0 49,655 YUM BRANDS INC COMMON 988498101 2,066,639 53,917 X X 24,787 0 29,130
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 03/31/10 (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 5,416,821 64,818 62,618 2,200 A T & T INC (NEW) COMMON 00206R102 7,875,036 304,761 283,199 21,562 ABBOTT LABS COMMON 002824100 2,959,720 56,183 43,603 12,580 ACCENTURE PLC COMMON G1151C101 7,227,482 172,288 161,888 10,400 ADOBE SYS INC COMMON 00724F101 7,068,588 199,847 199,147 700 AIR PRODS & CHEMS INC COMMON 009158106 4,470,869 60,458 60,458 ALCOA INC COMMON 013817101 582,986 40,940 39,740 1,200 ALLETE INC NEW COMMON 018522300 267,673 7,995 7,895 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 492,093 16,050 12,150 3,900 ALTRIA GROUP INC COMMON 02209S103 806,251 39,291 15,640 23,651 AMERICAN EXPRESS CO. COMMON 025816109 1,037,070 25,135 24,535 600 AMGEN INC COMMON 031162100 1,232,952 20,605 20,605 ANADARKO PETROLEUM COMMON 032511107 596,259 8,187 8,187 APACHE CORP COMMON 037411105 1,599,133 15,755 15,755 APHTON CORP COMMON 03759P101 18 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 2,284,905 9,723 9,723 AQUA AMERICA INC COMMON 03836W103 693,330 39,461 39,461 AUTOMATIC DATA PROCES COMMON 053015103 3,525,810 79,285 73,535 5,750 BANK OF AMERICA CORP COMMON 060505104 1,100,845 61,672 60,442 1,230 BANK OF NEW YORK MELL COMMON 064058100 296,324 9,596 9,596 BAXTER INTERNATIONAL COMMON 071813109 1,150,148 19,762 19,762 BB&T CORP COMMON 054937107 1,395,380 43,081 36,031 7,050 BECKMAN COULTER INC COMMON 075811109 455,300 7,250 7,250 BECTON DICKINSON & CO COMMON 075887109 8,414,570 106,879 104,679 2,200 BERKSHIRE HATHAWAY IN COMMON 084670108 1,461,600 12 12 BERKSHIRE HATHAWAY IN COMMON 084670702 1,290,974 15,885 15,885 BEST BUY INC COMMON 086516101 1,755,839 41,275 39,275 2,000 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 17,000 BOARDWALK PIPELINE PA COMMON 096627104 3,705,715 124,520 122,970 1,550 BOEING CO. COMMON 097023105 938,194 12,921 5,921 7,000 BOSTON PROPERTIES INC COMMON 101121101 230,092 3,050 3,050 BP PLC ADR COMMON 055622104 3,164,474 55,449 53,193 2,256 BRISTOL MYERS SQUIBB COMMON 110122108 1,110,987 41,610 37,610 4,000 BRYN MAWR BANK CORP COMMON 117665109 221,430 12,200 12,200 CAMPBELL SOUP CO COMMON 134429109 622,160 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 3,823,848 98,350 96,450 1,900 CATERPILLAR INC COMMON 149123101 8,060,324 128,247 118,197 10,050 CHESAPEAKE ENERGY COR COMMON 165167107 1,023,896 43,312 43,312 CHEVRONTEXACO CORP COMMON 166764100 6,819,764 89,935 79,599 10,336 CHUBB CORP COMMON 171232101 271,176 5,230 2,830 2,400 CIGNA CORP COMMON 125509109 229,247 6,267 6,267 CISCO SYSTEMS INC COMMON 17275R102 10,692,916 410,792 377,642 33,150 CITIGROUP INC COMMON 172967101 202,042 49,887 24,887 25,000 COCA COLA CO. COMMON 191216100 2,433,915 44,253 29,853 14,400 COLGATE PALMOLIVE CO COMMON 194162103 7,186,635 84,291 83,191 1,100 CONOCOPHILLIPS COMMON 20825C104 2,122,071 41,471 41,471 CONSOLIDATED EDISON I COMMON 209115104 238,155 5,347 3,041 2,306 CORNING INC COMMON 219350105 834,835 41,308 41,308 COSTCO WHOLESALE COMMON 22160K105 7,286,551 122,032 119,330 2,702 CVS CORP COMMON 126650100 9,861,057 269,723 262,723 7,000 DANAHER CORP SHS BEN COMMON 235851102 208,885 2,614 2,614 DENTSPLY INTL INC NEW COMMON 249030107 6,966,764 199,735 195,935 3,800 DEVON ENERGY CORP NEW COMMON 25179M103 2,972,607 46,137 45,087 1,050 DIAGEO PLC ADR SPONSO COMMON 25243Q205 5,345,210 79,247 78,897 350 DISNEY WALT COMPANY COMMON 254687106 1,217,556 34,877 33,277 1,600 DOMINION RES INC VA N COMMON 25746U109 1,654,595 40,248 34,348 5,900 DOW CHEMICAL CORP COMMON 260543103 215,743 7,296 7,296 DU PONT E I DE NEMOUR COMMON 263534109 2,164,873 58,133 51,633 6,500 DUKE ENERGY CORP COMMON 26441C105 969,343 59,396 45,900 13,496 E M C CORP MASS COMMON 268648102 4,812,657 266,777 265,477 1,300 ECOLAB INC COMMON 278865100 513,116 11,675 11,675 EMERSON ELECTRIC CO COMMON 291011104 9,002,655 178,837 172,037 6,800 ENTERGY CORP NEW COMMON 29364G103 464,020 5,704 5,704 ENTERPRISE PRODS PART COMMON 293792107 3,597,497 104,034 102,334 1,700 EQT CORP COM COMMON 26884L109 322,752 7,872 7,872 EXELON CORP COMMON 30161N101 434,332 9,914 8,814 1,100 EXXON MOBIL COMMON 30231G102 28,418,122 424,278 404,003 20,275 FEDERATED GOVT INCOME MUTUAL 313912107 92,810 10,428 10,428 FEDEX CORP COMMON 31428X106 9,383,743 100,468 97,968 2,500 FLUOR CORP NEW COM COMMON 343412102 5,145,494 110,632 108,232 2,400 FPL GROUP INC COMMON 302571104 1,342,607 27,780 25,230 2,550 FRANKLIN INVS SECS TR MUTUAL 353612302 102,042 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 7,976,039 71,921 71,921 FRANKLIN TAX FREE TR MUTUAL 354723801 318,129 31,037 31,037 GENERAL ELECTRIC CO COMMON 369604103 12,558,493 690,027 647,976 42,051 GENERAL MILLS INC COMMON 370334104 1,209,801 17,090 17,090 GENESEE & WYO INC CL COMMON 371559105 261,632 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 245,083 5,390 5,390 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,471,926 38,212 36,812 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,368,339 153,525 152,025 1,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 702,780 31,800 31,800 GOOGLE INC CL A COMMON 38259P508 4,747,362 8,371 8,121 250 HALLIBURTON CO. COMMON 406216101 661,022 21,939 21,939 HCP INC COMMON 40414L109 273,042 8,274 6,674 1,600 HEINZ H J CO. COMMON 423074103 893,956 19,600 10,800 8,800 HERSHEY FOODS CORP COMMON 427866108 754,912 17,634 17,634 HEWLETT PACKARD CO. COMMON 428236103 4,593,329 86,422 83,047 3,375 HOME DEPOT INC COMMON 437076102 1,260,688 38,970 37,770 1,200 HONEYWELL INTL INC COMMON 438516106 313,178 6,918 6,918 ILLINOIS TOOL WORKS I COMMON 452308109 4,506,683 95,158 92,358 2,800 INGERSOLL-RAND PLC COMMON G47791101 550,109 15,776 15,776 INT'L BUSINESS MACH. COMMON 459200101 9,075,227 70,762 69,415 1,347 INTEL CORP COMMON 458140100 7,121,926 319,512 264,711 54,801 ITT CORP NEW COM COMMON 450911102 1,660,999 30,983 30,983 J P MORGAN CHASE & CO COMMON 46625H100 6,735,323 150,510 133,445 17,065 JACKSON HEWITT TAX SV COMMON 468202106 20,000 10,000 10,000 JANUS OVERSEAS FD MUTUAL 471023846 330,849 7,175 7,175 JOHNSON & JOHNSON COMMON 478160104 21,885,996 335,675 317,325 18,350 JPMORGAN CHASE & CO PREFERR 46625H621 626,698 22,600 22,600 KELLOGG CO. COMMON 487836108 6,835,890 127,941 126,591 1,350 KIMBERLY CLARK CORP COMMON 494368103 1,865,524 29,668 29,668 KINDER MORGAN EGY PTN COMMON 494550106 3,995,199 61,070 57,420 3,650 KOHLS CORP COMMON 500255104 261,575 4,775 4,775 KRAFT FOODS INC CL A COMMON 50075N104 1,167,869 38,620 21,718 16,902 LINCOLN NATL CORP COMMON 534187109 883,730 28,786 11,786 17,000 LOWE'S COS INC COMMON 548661107 7,327,481 302,289 294,789 7,500 L-3 COMMUNICATIONS HO COMMON 502424104 2,457,975 26,825 25,275 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 1,140,720 24,000 24,000 MAIRS & POWER GROWTH MUTUAL 560636102 269,598 3,957 3,957 MARRIOTT INTL INC NEW COMMON 571903202 1,934,945 61,388 56,103 5,285 MCDONALD'S CORP COMMON 580135101 6,997,747 104,882 103,570 1,312 MEDCO HEALTH SOLUTION COMMON 58405U102 345,136 5,346 5,346 MEDTRONIC INC COMMON 585055106 8,428,925 187,185 184,685 2,500 MERCK & COMPANY COMMON 58933Y105 2,258,368 60,465 53,665 6,800 MERITOR SVGS BK PA COMMON 590007100 52,800 22,000 22,000 METLIFE INC COMMON 59156R108 222,334 5,130 5,130 METLIFE INC PFD A FLT PREFERR 59156R504 984,906 41,400 41,400 MICROSOFT CORP COMMON 594918104 9,336,377 318,784 310,784 8,000 MONSANTO CO. NEW COMMON 61166W101 206,832 2,896 2,044 852 MORGAN STANLEY PFD A PREFERR 61747S504 443,707 20,900 20,900 NEWMONT MNG CORP COMMON 651639106 218,999 4,300 4,300 NIKE INC CL B COMMON 654106103 2,180,819 29,671 29,171 500 NOBLE CORPORATION COMMON H5833N103 508,531 12,160 12,160 NOBLE ENERGY COMMON 655044105 335,800 4,600 4,600 NOKIA CORP ADR COMMON 654902204 4,444,393 285,997 281,797 4,200 NORFOLK SOUTHERN CORP COMMON 655844108 1,787,418 31,981 30,631 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 4,666,846 86,263 86,263 NUCOR CORP COMMON 670346105 990,055 21,817 19,717 2,100 OMNICOM GROUP COMMON 681919106 687,442 17,713 17,713 OPTIONSXPRESS HLDGS I COMMON 684010101 583,182 35,800 35,800 ORACLE SYS CORP COMMON 68389X105 8,514,149 331,161 306,361 24,800 PENNSYLVANIA REIT COMMON 709102107 1,515,010 121,492 121,292 200 PENTAIR INC COMMON 709631105 205,706 5,775 5,775 PEPSICO INC COMMON 713448108 7,168,151 108,346 93,846 14,500 PETROLEO BRASIL SPONS COMMON 71654V408 277,458 6,235 6,235 PETROLEO BRASILEIRO S COMMON 71654V101 5,196,821 131,266 127,466 3,800 PFIZER INC COMMON 717081103 4,621,513 269,476 233,736 35,740 PHILIP MORRIS INTL IN COMMON 718172109 3,611,089 69,231 40,380 28,851 PIEDMONT NAT GAS INC COMMON 720186105 460,586 16,700 16,700 PNC FINANCIAL CORP COMMON 693475105 305,127 5,111 5,111 PPG INDUSTRIES INC COMMON 693506107 1,192,046 18,227 17,490 737 PPL CORP COMMON 69351T106 1,241,075 44,788 37,488 7,300 PRAXAIR INC COMMON 74005P104 3,258,331 39,257 38,857 400 PROCTER & GAMBLE CO COMMON 742718109 8,162,589 129,012 121,980 7,032 PROGRESS ENERGY INC C COMMON 743263105 599,256 15,225 7,125 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 243,375 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 144,975 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 273,119 9,252 9,252 QUALCOMM INC COMMON 747525103 4,902,648 116,841 116,841 RANGE RES CORP COM COMMON 75281A109 570,877 12,180 12,180 RAYMOND JAMES FINANCI COMMON 754730109 5,059,983 189,229 187,829 1,400 RESEARCH IN MOTION LT COMMON 760975102 1,504,772 20,343 20,043 300 ROYAL DUTCH SHELL PLC COMMON 780259206 960,476 16,600 15,400 1,200 SANDISK CORP COMMON 80004C101 1,513,677 43,710 43,710 SBM OFFSHORE NV COMMON N7752F148 745,444 37,744 36,818 926 SCHLUMBERGER LTD COMMON 806857108 10,810,348 170,349 159,699 10,650 SEI INVTS CO. COMMON 784117103 3,564,846 162,260 162,260 SIMON PPTY GROUP INC COMMON 828806109 235,591 2,808 2,808 STAPLES INC COMMON 855030102 350,223 14,962 13,362 1,600 STATE STREET CORP COMMON 857477103 7,582,166 167,970 166,070 1,900 SUPERVALU INC COMMON 868536103 652,155 39,098 1,755 37,343 SYSCO CORP COMMON 871829107 1,730,487 58,661 56,261 2,400 TARGET CORP COMMON 87612E106 822,980 15,646 14,046 1,600 TELEFONICA S A ADR COMMON 879382208 317,675 4,468 1,265 3,203 TEVA PHARMACEUTICAL COMMON 881624209 11,262,252 178,539 176,239 2,300 TEXAS INSTRUMENTS INC COMMON 882508104 1,168,271 47,743 42,443 5,300 THERMO FISHER SCIENTI COMMON 883556102 1,261,772 24,529 24,529 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,584,664 57,009 56,209 800 TRANSOCEAN LTD COMMON H8817H100 2,475,651 28,660 27,160 1,500 ULTRA PETROLEUM CORP COMMON 903914109 1,165,190 24,988 24,988 UNILEVER N V COMMON 904784709 333,208 11,048 9,977 1,071 UNION PACIFIC CORP COMMON 907818108 707,052 9,646 6,558 3,088 UNITED PARCEL SVC INC COMMON 911312106 310,778 4,825 4,825 UNITED TECHNOLOGIES C COMMON 913017109 6,909,128 93,861 88,861 5,000 VANGUARD INDEX FDS LA MUTUAL 922908637 491,959 9,230 9,230 VANGUARD INDEX TR MID MUTUAL 922908629 267,643 4,110 4,110 VANGUARD INTERM-TERM MUTUAL 922907878 295,189 21,947 21,947 VANGUARD MUN BD FD IN MUTUAL 922907803 550,409 34,595 25,173 9,422 VERIZON COMMUNICATION COMMON 92343V104 2,430,511 78,353 59,424 18,929 VODAFONE GROUP PLC NE COMMON 92857W209 253,333 10,868 10,632 236 WAL MART STORES INC COMMON 931142103 787,852 14,170 12,670 1,500 WASATCH ADVISORS FDS MUTUAL 936772201 261,425 9,030 9,030 WEATHERFORD INTERNATI COMMON H27013103 175,253 11,050 11,050 WELLS FARGO & CO NEW COMMON 949746101 1,410,950 45,339 32,439 12,900 WHIRLPOOL CORP COMMON 963320106 1,245,494 14,275 14,275 WILLIS GROUP HOLDINGS COMMON G96666105 3,523,191 112,598 109,948 2,650 YUM BRANDS INC COMMON 988498101 2,066,639 53,917 50,537 3,380
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