-----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, P1ybK+Dyn6XWGhSmEO8j0mpJ/QNw83ZGurh4D7RpJgHvq+pItdubNYoh7mxGMsmH BN1QhtqZl0GA8s2bb3YJfQ== 0001278249-10-000013.txt : 20101105 0001278249-10-000013.hdr.sgml : 20101105 20101105115949 ACCESSION NUMBER: 0001278249-10-000013 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100930 FILED AS OF DATE: 20101105 DATE AS OF CHANGE: 20101105 EFFECTIVENESS DATE: 20101105 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: 101167478 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 sec13f093010final.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: September 30, 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 November 5, 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: 194 Form 13f Information Table Value Total: $486,495,164 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/10 (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 7,608,783 87,750 X X 71,516 0 16,234 A T & T INC (NEW) COMMON 00206R102 7,908,183 276,510 X X 230,686 0 45,824 ABBOTT LABS COMMON 002824100 3,206,961 61,389 X X 51,129 0 10,260 ACCENTURE PLC COMMON G1151C101 3,577,531 84,197 X X 46,397 0 37,800 ADOBE SYS INC COMMON 00724F101 3,965,752 151,654 X X 88,304 0 63,350 AIR PRODS & CHEMS INC COMMON 009158106 5,094,093 61,508 X 56,508 0 5,000 ALCOA INC COMMON 013817101 479,072 39,560 X 39,310 0 250 ALLETE INC NEW COMMON 018522300 291,258 7,995 X X 7,895 0 100 ALTRIA GROUP INC COMMON 02209S103 477,782 19,891 X X 12,740 0 7,151 AMERICAN EXPRESS CO. COMMON 025816109 871,702 20,740 X X 10,890 0 9,850 AMGEN INC COMMON 031162100 1,143,257 20,745 X 17,050 0 3,695 APACHE CORP COMMON 037411105 1,275,279 13,045 X 8,790 0 4,255 APHTON CORP COMMON 03759P101 0 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 2,811,111 9,907 X 8,607 0 1,300 AQUA AMERICA INC COMMON 03836W103 764,204 37,461 X 31,749 0 5,712 AUTOMATIC DATA PROCES COMMON 053015103 3,732,474 88,805 X X 66,530 0 22,275 AVON PRODUCTS INC COMMON 054303102 2,664,488 82,980 X 59,780 0 23,200 BANK OF AMERICA CORP COMMON 060505104 900,273 68,710 X X 64,654 0 4,056 BANK OF NEW YORK MELL COMMON 064058100 223,568 8,556 X 7,773 0 783 BAXTER INTERNATIONAL COMMON 071813109 916,127 19,202 X 18,702 0 500 BB&T CORP COMMON 054937107 883,269 36,681 X X 28,953 0 7,728 BECKMAN COULTER INC COMMON 075811109 236,632 4,850 X 4,850 0 0 BECTON DICKINSON & CO COMMON 075887109 8,121,357 109,600 X X 71,180 0 38,420 BERKSHIRE HATHAWAY IN COMMON 084670108 1,494,000 12 X 11 0 1 BERKSHIRE HATHAWAY IN COMMON 084670702 1,201,754 14,535 X 13,449 0 1,086 BEST BUY INC COMMON 086516101 4,070,955 99,705 X X 80,405 0 19,300 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 X 12,000 0 5,000 BLACKROCK MUN BD FD I MUTUAL 09253C504 107,668 13,947 X 13,947 0 0 BOARDWALK PIPELINE PA COMMON 096627104 4,170,548 127,735 X X 70,975 0 56,760 BOEING CO. COMMON 097023105 799,877 12,021 X X 4,661 0 7,360 BP PLC ADR COMMON 055622104 1,071,161 26,018 X 26,018 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 957,525 35,320 X 35,320 0 0 BRYN MAWR BANK CORP COMMON 117665109 640,584 37,200 X 25,000 0 12,200 CAMPBELL SOUP CO COMMON 134429109 629,200 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 1,631,492 42,726 X X 32,401 0 10,325 CATERPILLAR INC COMMON 149123101 10,455,943 132,892 X X 90,872 0 42,020 CHESAPEAKE ENERGY COR COMMON 165167107 669,398 29,554 X 26,154 0 3,400 CHEVRONTEXACO CORP COMMON 166764100 7,650,626 94,394 X X 74,259 0 20,135 CHUBB CORP COMMON 171232101 336,481 5,904 X X 3,204 0 2,700 CIGNA CORP COMMON 125509109 208,132 5,817 X 0 0 5,817 CISCO SYSTEMS INC COMMON 17275R102 9,123,628 416,604 X X 270,480 0 146,124 CITIGROUP INC COMMON 172967101 232,203 59,387 X X 31,387 0 28,000 COCA COLA CO. COMMON 191216100 2,025,026 34,604 X X 25,204 0 9,400 COLGATE PALMOLIVE CO COMMON 194162103 6,597,341 85,836 X X 49,732 0 36,104 CONOCOPHILLIPS COMMON 20825C104 2,367,322 41,221 X 33,326 0 7,895 CONSOLIDATED EDISON I COMMON 209115104 257,832 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 754,013 41,248 X 40,848 0 400 COSTCO WHOLESALE COMMON 22160K105 5,827,211 90,358 X X 56,529 0 33,829 CVS CORP COMMON 126650100 8,837,297 280,817 X X 180,832 0 99,985 D R HORTON INC COMMON 23331A109 2,359,597 212,194 X 151,494 0 60,700 DANAHER CORP SHS BEN COMMON 235851102 238,706 5,878 X 3,942 0 1,936 DEERE & CO. COMMON 244199105 209,340 3,000 X 3,000 0 0 DENTSPLY INTL INC NEW COMMON 249030107 1,827,245 57,155 X X 18,195 0 38,960 DEVON ENERGY CORP NEW COMMON 25179M103 1,743,254 26,927 X X 17,327 0 9,600 DIAGEO PLC ADR SPONSO COMMON 25243Q205 6,705,669 97,170 X X 68,645 0 28,525 DISNEY WALT COMPANY COMMON 254687106 1,088,262 32,878 X X 28,616 0 4,262 DODGE & COX INCOME FD MUTUAL 256210105 220,405 16,485 X 16,485 0 0 DOMINION RES INC VA N COMMON 25746U109 1,702,653 38,998 X X 32,498 0 6,500 DOW CHEMICAL CORP COMMON 260543103 204,440 7,445 X 4,604 0 2,841 DU PONT E I DE NEMOUR COMMON 263534109 2,571,004 57,620 X X 49,320 0 8,300 DUKE ENERGY CORP COMMON 26441C105 516,176 29,146 X X 25,450 0 3,696 E M C CORP MASS COMMON 268648102 5,367,385 264,273 X X 188,498 0 75,775 EATON VANCE NATL MUNS MUTUAL 27826L249 110,411 11,019 X 11,019 0 0 ECOLAB INC COMMON 278865100 380,550 7,500 X 7,500 0 0 EMERSON ELECTRIC CO COMMON 291011104 3,024,211 57,429 X X 44,660 0 12,769 ENTERGY CORP NEW COMMON 29364G103 279,028 3,646 X 200 0 3,446 ENTERPRISE PRODS PART COMMON 293792107 4,133,875 104,207 X X 45,348 0 58,859 EQT CORP COM COMMON 26884L109 262,228 7,272 X 400 0 6,872 EXELON CORP COMMON 30161N101 384,242 9,024 X X 3,050 0 5,974 EXXON MOBIL COMMON 30231G102 26,057,030 421,703 X X 313,306 0 108,397 FEDERATED GOVT INCOME MUTUAL 313912107 95,515 10,485 X 10,485 0 0 FEDEX CORP COMMON 31428X106 5,208,318 60,916 X X 40,404 0 20,512 FLUOR CORP NEW COM COMMON 343412102 5,867,076 118,455 X X 67,530 0 50,925 FRANKLIN RESOURCES IN COMMON 354613101 5,190,850 48,558 X 23,133 0 25,425 FRANKLIN TAX FREE TR MUTUAL 354723801 222,150 21,037 X 21,037 0 0 FULTON FINL CORP PA COMMON 360271100 285,979 31,565 X 31,565 0 0 GENERAL ELECTRIC CO COMMON 369604103 12,394,023 762,709 X X 587,864 0 174,845 GENERAL MILLS INC COMMON 370334104 1,246,014 34,100 X 29,200 0 4,900 GENESEE & WYO INC CL COMMON 371559105 332,715 7,668 X 0 0 7,668 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,395,688 35,316 X X 28,960 0 6,356 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,339,438 157,150 X X 129,650 0 27,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 504,206 23,550 X 12,550 0 11,000 GOOGLE INC CL A COMMON 38259P508 7,226,458 13,744 X X 10,330 0 3,414 HALLIBURTON CO. COMMON 406216101 537,850 16,264 X 16,264 0 0 HCP INC COMMON 40414L109 297,699 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 928,452 19,600 X X 7,200 0 12,400 HERSHEY FOODS CORP COMMON 427866108 839,202 17,634 X 11,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 4,661,586 110,805 X X 84,087 0 26,718 HOME DEPOT INC COMMON 437076102 1,744,943 55,080 X X 50,880 0 4,200 HONEYWELL INTL INC COMMON 438516106 207,309 4,718 X 2,118 0 2,600 HUDSON CITY BANCORP C COMMON 443683107 3,002,229 244,880 X X 222,605 0 22,275 ILLINOIS TOOL WORKS I COMMON 452308109 1,628,679 34,638 X X 29,886 0 4,752 INGERSOLL-RAND PLC COMMON G47791101 408,022 11,426 X 11,426 0 0 INT'L BUSINESS MACH. COMMON 459200101 10,283,441 76,662 X X 56,866 0 19,796 INTEL CORP COMMON 458140100 3,024,326 157,517 X X 118,717 0 38,800 ITT CORP NEW COM COMMON 450911102 911,312 19,460 X 9,400 0 10,060 J P MORGAN CHASE & CO COMMON 46625H100 6,280,319 165,011 X X 127,288 0 37,723 JACKSON HEWITT TAX SV COMMON 468202106 9,200 10,000 X 0 0 10,000 JANUS OVERSEAS FD MUTUAL 471023846 249,039 5,235 X 5,235 0 0 JOHNSON & JOHNSON COMMON 478160104 20,042,869 323,481 X X 237,704 0 85,777 JPMORGAN CHASE & CO PREFERR 46625H621 1,149,775 40,700 X 22,500 0 18,200 KELLOGG CO. COMMON 487836108 6,934,711 137,294 X X 85,743 0 51,551 KEYCORP NEW COMMON 493267108 339,255 42,620 X 42,620 0 0 KIMBERLY CLARK CORP COMMON 494368103 1,910,388 29,368 X 29,368 0 0 KINDER MORGAN EGY PTN COMMON 494550106 4,366,533 63,745 X X 35,255 0 28,490 KOHLS CORP COMMON 500255104 246,279 4,675 X 4,350 0 325 KRAFT FOODS INC CL A COMMON 50075N104 1,024,706 33,205 X X 18,789 0 14,416 LINCOLN NATL CORP COMMON 534187109 281,921 11,786 X 11,565 0 221 LOWE'S COS INC COMMON 548661107 6,232,887 279,627 X X 178,752 0 100,875 LUBRIZOL CORP COM COMMON 549271104 1,767,050 16,675 X 16,675 0 0 L-3 COMMUNICATIONS HO COMMON 502424104 1,714,606 23,725 X X 7,450 0 16,275 MAGELLAN MIDSTREAM PA COMMON 559080106 1,234,800 24,000 X 7,900 0 16,100 MAIRS & POWER GROWTH MUTUAL 560636102 247,242 3,700 X 3,700 0 0 MARRIOTT INTL INC NEW COMMON 571903202 657,017 18,337 X X 9,584 0 8,753 MCDONALD'S CORP COMMON 580135101 7,704,356 103,400 X X 74,523 0 28,877 MEDCO HEALTH SOLUTION COMMON 58405U102 1,163,019 22,340 X 20,292 0 2,048 MEDTRONIC INC COMMON 585055106 6,901,264 205,517 X X 146,407 0 59,110 MERCK & COMPANY COMMON 58933Y105 4,531,495 123,105 X X 108,198 0 14,907 MERITOR SVGS BK PA COMMON 590007100 52,800 22,000 X 0 0 22,000 METLIFE INC PFD A FLT PREFERR 59156R504 1,063,392 45,600 X 25,800 0 19,800 MICROSOFT CORP COMMON 594918104 7,965,806 325,268 X X 229,475 0 95,793 MORGAN STANLEY PFD A PREFERR 61747S504 418,627 20,900 X 11,700 0 9,200 NESTLE S A REG ADR COMMON 641069406 205,017 3,826 X 3,826 0 0 NEXTERA ENERGY INC CO COMMON 65339F101 1,284,148 23,610 X X 19,460 0 4,150 NIKE INC CL B COMMON 654106103 1,486,998 18,555 X X 7,605 0 10,950 NOBLE CORPORATION COMMON H5833N103 474,412 14,040 X 13,510 0 530 NOBLE ENERGY COMMON 655044105 345,414 4,600 X 0 0 4,600 NOCOPI TECHNOLOGIES I COMMON 655212207 1,500 50,000 X 50,000 0 0 NOKIA CORP ADR COMMON 654902204 729,181 72,700 X X 31,600 0 41,100 NORFOLK SOUTHERN CORP COMMON 655844108 1,885,336 31,681 X X 25,331 0 6,350 NOVARTIS AG SPONSORED COMMON 66987V109 6,719,324 116,513 X X 84,043 0 32,470 NUCOR CORP COMMON 670346105 669,149 17,517 X X 8,567 0 8,950 OMNICOM GROUP COMMON 681919106 445,137 11,275 X 7,625 0 3,650 OPPENHEIMER INTL BD F MUTUAL 68380T509 111,187 16,351 X 16,351 0 0 ORACLE SYS CORP COMMON 68389X105 8,804,652 327,920 X X 204,770 0 123,150 PENNSYLVANIA REIT COMMON 709102107 1,484,167 125,141 X X 94,234 0 30,906 PEPSICO INC COMMON 713448108 6,969,934 104,906 X X 75,528 0 29,378 PETROHAWK ENERGY CORP COMMON 716495106 171,875 10,649 X 10,649 0 0 PETROLEO BRASIL SPONS COMMON 71654V408 226,143 6,235 X 6,035 0 200 PETROLEO BRASILEIRO S COMMON 71654V101 4,499,753 137,104 X X 75,204 0 61,900 PFIZER INC COMMON 717081103 4,494,368 261,757 X X 212,458 0 49,299 PHILIP MORRIS INTL IN COMMON 718172109 3,045,863 54,371 X X 34,820 0 19,551 PIEDMONT NAT GAS INC COMMON 720186105 484,300 16,700 X 8,000 0 8,700 PNC FINANCIAL CORP COMMON 693475105 499,167 9,616 X 6,005 0 3,611 PPG INDUSTRIES INC COMMON 693506107 1,239,566 17,027 X X 15,090 0 1,937 PPL CORP COMMON 69351T106 837,105 30,742 X 14,806 0 15,936 PRAXAIR INC COMMON 74005P104 3,641,630 40,346 X X 28,291 0 12,055 PROCTER & GAMBLE CO COMMON 742718109 7,986,625 133,177 X X 113,326 0 19,851 PROGRESS ENERGY INC C COMMON 743263105 676,295 15,225 X X 7,125 0 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 246,625 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 147,825 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 285,150 8,620 X 7,000 0 1,620 QNB CORP COMMON 74726N107 485,060 24,560 X 18,424 0 6,136 QUALCOMM INC COMMON 747525103 8,200,212 181,692 X X 112,267 0 69,425 QUEST DIAGNOSTICS INC COMMON 74834L100 2,712,914 53,753 X 31,278 0 22,475 RANGE RES CORP COM COMMON 75281A109 1,713,372 44,935 X 18,729 0 26,206 RAYMOND JAMES FINANCI COMMON 754730109 2,885,720 113,925 X X 68,225 0 45,700 RESEARCH IN MOTION LT COMMON 760975102 1,111,787 22,834 X X 15,884 0 6,950 ROSS STORES INC COM COMMON 778296103 437,280 8,000 X 8,000 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 1,000,980 16,600 X X 15,100 0 1,500 SBM OFFSHORE NV COMMON N7752F148 749,598 39,502 X X 37,033 0 2,469 SCHLUMBERGER LTD COMMON 806857108 8,097,279 131,428 X X 96,653 0 34,775 STAPLES INC COMMON 855030102 263,592 12,600 X X 11,000 0 1,600 STATE STREET CORP COMMON 857477103 6,546,814 173,840 X X 124,865 0 48,975 SYSCO CORP COMMON 871829107 1,734,827 60,828 X X 41,553 0 19,275 TARGET CORP COMMON 87612E106 620,438 11,610 X X 6,110 0 5,500 TELEFONICA S A ADR COMMON 879382208 349,840 4,718 X X 250 0 4,468 TEMPLETON DRAGON MUTUAL 88018T101 202,370 7,000 X 7,000 0 0 TEVA PHARMACEUTICAL COMMON 881624209 10,204,410 193,449 X X 112,409 0 81,040 TEXAS INSTRUMENTS INC COMMON 882508104 869,511 32,038 X X 28,638 0 3,400 TEXAS PAC LD COMMON 882610108 220,165 5,500 X 5,500 0 0 THERMO FISHER SCIENTI COMMON 883556102 1,015,487 21,209 X 21,209 0 0 TOLL BROTHERS INC COMMON 889478103 275,315 14,475 X X 6,175 0 8,300 TOYOTA MTR CORP ADR 1 COMMON 892331307 1,611,910 22,519 X 16,989 0 5,530 TRACTOR SUPPLY CO COMMON 892356106 216,147 5,450 X 1,650 0 3,800 TRANSOCEAN LTD COMMON H8817H100 1,017,839 15,832 X 13,982 0 1,850 ULTRA PETROLEUM CORP COMMON 903914109 1,451,249 34,570 X 22,110 0 12,460 UNILEVER N V COMMON 904784709 324,138 10,848 X X 4,000 0 6,848 UNION PACIFIC CORP COMMON 907818108 705,607 8,626 X X 2,462 0 6,164 UNITED TECHNOLOGIES C COMMON 913017109 6,787,169 95,285 X X 78,528 0 16,757 UNIVEST CORP PA COMMON 915271100 454,920 26,055 X 26,055 0 0 VANGUARD INDEX FDS LA MUTUAL 922908637 432,785 8,310 X 8,310 0 0 VANGUARD INDEX FDS SM MUTUAL 922908751 415,532 6,550 X 6,550 0 0 VANGUARD INDEX TR MID MUTUAL 922908629 771,517 11,635 X 11,535 0 100 VANGUARD INTERM-TERM MUTUAL 922907878 310,487 22,353 X 0 0 22,353 VANGUARD MUN BD FD IN MUTUAL 922907860 278,523 24,604 X 24,604 0 0 VANGUARD MUN BD FD IN MUTUAL 922907803 383,041 24,000 X 24,000 0 0 VERIZON COMMUNICATION COMMON 92343V104 1,960,909 60,169 X X 46,745 0 13,424 VISA INC COM CL A COMMON 92826C839 6,012,933 80,971 X X 54,251 0 26,720 VODAFONE GROUP PLC NE COMMON 92857W209 301,888 12,168 X X 10,632 0 1,536 WAL MART STORES INC COMMON 931142103 689,338 12,880 X 11,480 0 1,400 WELLS FARGO & CO NEW COMMON 949746101 1,112,795 44,308 X X 30,908 0 13,400 WILLIS GROUP HOLDINGS COMMON G96666105 3,340,364 108,383 X X 63,208 0 45,175 YUM BRANDS INC COMMON 988498101 3,021,490 65,599 X X 38,769 0 26,830
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/10 (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 7,608,783 87,750 85,550 2,200 A T & T INC (NEW) COMMON 00206R102 7,908,183 276,510 265,698 10,812 ABBOTT LABS COMMON 002824100 3,206,961 61,389 51,609 9,780 ACCENTURE PLC COMMON G1151C101 3,577,531 84,197 78,997 5,200 ADOBE SYS INC COMMON 00724F101 3,965,752 151,654 150,954 700 AIR PRODS & CHEMS INC COMMON 009158106 5,094,093 61,508 61,508 ALCOA INC COMMON 013817101 479,072 39,560 39,560 ALLETE INC NEW COMMON 018522300 291,258 7,995 7,895 100 ALTRIA GROUP INC COMMON 02209S103 477,782 19,891 15,040 4,851 AMERICAN EXPRESS CO. COMMON 025816109 871,702 20,740 20,140 600 AMGEN INC COMMON 031162100 1,143,257 20,745 20,745 APACHE CORP COMMON 037411105 1,275,279 13,045 13,045 APHTON CORP COMMON 03759P101 0 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 2,811,111 9,907 9,907 AQUA AMERICA INC COMMON 03836W103 764,204 37,461 37,461 AUTOMATIC DATA PROCES COMMON 053015103 3,732,474 88,805 83,055 5,750 AVON PRODUCTS INC COMMON 054303102 2,664,488 82,980 82,980 BANK OF AMERICA CORP COMMON 060505104 900,273 68,710 67,480 1,230 BANK OF NEW YORK MELL COMMON 064058100 223,568 8,556 8,556 BAXTER INTERNATIONAL COMMON 071813109 916,127 19,202 19,202 BB&T CORP COMMON 054937107 883,269 36,681 31,431 5,250 BECKMAN COULTER INC COMMON 075811109 236,632 4,850 4,850 BECTON DICKINSON & CO COMMON 075887109 8,121,357 109,600 106,100 3,500 BERKSHIRE HATHAWAY IN COMMON 084670108 1,494,000 12 12 BERKSHIRE HATHAWAY IN COMMON 084670702 1,201,754 14,535 14,535 BEST BUY INC COMMON 086516101 4,070,955 99,705 98,705 1,000 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 17,000 BLACKROCK MUN BD FD I MUTUAL 09253C504 107,668 13,947 13,947 BOARDWALK PIPELINE PA COMMON 096627104 4,170,548 127,735 126,185 1,550 BOEING CO. COMMON 097023105 799,877 12,021 5,021 7,000 BP PLC ADR COMMON 055622104 1,071,161 26,018 26,018 BRISTOL MYERS SQUIBB COMMON 110122108 957,525 35,320 35,320 BRYN MAWR BANK CORP COMMON 117665109 640,584 37,200 37,200 CAMPBELL SOUP CO COMMON 134429109 629,200 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 1,631,492 42,726 40,826 1,900 CATERPILLAR INC COMMON 149123101 10,455,943 132,892 123,642 9,250 CHESAPEAKE ENERGY COR COMMON 165167107 669,398 29,554 29,554 CHEVRONTEXACO CORP COMMON 166764100 7,650,626 94,394 85,049 9,345 CHUBB CORP COMMON 171232101 336,481 5,904 3,504 2,400 CIGNA CORP COMMON 125509109 208,132 5,817 5,817 CISCO SYSTEMS INC COMMON 17275R102 9,123,628 416,604 386,854 29,750 CITIGROUP INC COMMON 172967101 232,203 59,387 34,387 25,000 COCA COLA CO. COMMON 191216100 2,025,026 34,604 27,204 7,400 COLGATE PALMOLIVE CO COMMON 194162103 6,597,341 85,836 84,736 1,100 CONOCOPHILLIPS COMMON 20825C104 2,367,322 41,221 41,221 CONSOLIDATED EDISON I COMMON 209115104 257,832 5,347 3,041 2,306 CORNING INC COMMON 219350105 754,013 41,248 41,248 COSTCO WHOLESALE COMMON 22160K105 5,827,211 90,358 88,056 2,302 CVS CORP COMMON 126650100 8,837,297 280,817 272,317 8,500 D R HORTON INC COMMON 23331A109 2,359,597 212,194 212,194 DANAHER CORP SHS BEN COMMON 235851102 238,706 5,878 5,878 DEERE & CO. COMMON 244199105 209,340 3,000 3,000 DENTSPLY INTL INC NEW COMMON 249030107 1,827,245 57,155 54,955 2,200 DEVON ENERGY CORP NEW COMMON 25179M103 1,743,254 26,927 26,177 750 DIAGEO PLC ADR SPONSO COMMON 25243Q205 6,705,669 97,170 94,670 2,500 DISNEY WALT COMPANY COMMON 254687106 1,088,262 32,878 31,278 1,600 DODGE & COX INCOME FD MUTUAL 256210105 220,405 16,485 16,485 DOMINION RES INC VA N COMMON 25746U109 1,702,653 38,998 33,098 5,900 DOW CHEMICAL CORP COMMON 260543103 204,440 7,445 7,445 DU PONT E I DE NEMOUR COMMON 263534109 2,571,004 57,620 53,020 4,600 DUKE ENERGY CORP COMMON 26441C105 516,176 29,146 26,450 2,696 E M C CORP MASS COMMON 268648102 5,367,385 264,273 254,573 9,700 EATON VANCE NATL MUNS MUTUAL 27826L249 110,411 11,019 11,019 ECOLAB INC COMMON 278865100 380,550 7,500 7,500 EMERSON ELECTRIC CO COMMON 291011104 3,024,211 57,429 53,729 3,700 ENTERGY CORP NEW COMMON 29364G103 279,028 3,646 3,646 ENTERPRISE PRODS PART COMMON 293792107 4,133,875 104,207 102,507 1,700 EQT CORP COM COMMON 26884L109 262,228 7,272 7,272 EXELON CORP COMMON 30161N101 384,242 9,024 7,924 1,100 EXXON MOBIL COMMON 30231G102 26,057,030 421,703 403,428 18,275 FEDERATED GOVT INCOME MUTUAL 313912107 95,515 10,485 10,485 FEDEX CORP COMMON 31428X106 5,208,318 60,916 58,416 2,500 FLUOR CORP NEW COM COMMON 343412102 5,867,076 118,455 116,055 2,400 FRANKLIN RESOURCES IN COMMON 354613101 5,190,850 48,558 48,558 FRANKLIN TAX FREE TR MUTUAL 354723801 222,150 21,037 21,037 FULTON FINL CORP PA COMMON 360271100 285,979 31,565 31,565 GENERAL ELECTRIC CO COMMON 369604103 12,394,023 762,709 724,958 37,751 GENERAL MILLS INC COMMON 370334104 1,246,014 34,100 34,100 GENESEE & WYO INC CL COMMON 371559105 332,715 7,668 7,668 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,395,688 35,316 33,916 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,339,438 157,150 155,650 1,500 GOLDMAN SACHS GROUP I PREFERR 38144G804 504,206 23,550 23,550 GOOGLE INC CL A COMMON 38259P508 7,226,458 13,744 13,494 250 HALLIBURTON CO. COMMON 406216101 537,850 16,264 16,264 HCP INC COMMON 40414L109 297,699 8,274 6,674 1,600 HEINZ H J CO. COMMON 423074103 928,452 19,600 10,800 8,800 HERSHEY FOODS CORP COMMON 427866108 839,202 17,634 17,634 HEWLETT PACKARD CO. COMMON 428236103 4,661,586 110,805 107,430 3,375 HOME DEPOT INC COMMON 437076102 1,744,943 55,080 53,880 1,200 HONEYWELL INTL INC COMMON 438516106 207,309 4,718 4,718 HUDSON CITY BANCORP C COMMON 443683107 3,002,229 244,880 238,380 6,500 ILLINOIS TOOL WORKS I COMMON 452308109 1,628,679 34,638 33,338 1,300 INGERSOLL-RAND PLC COMMON G47791101 408,022 11,426 11,426 INT'L BUSINESS MACH. COMMON 459200101 10,283,441 76,662 75,165 1,497 INTEL CORP COMMON 458140100 3,024,326 157,517 123,917 33,600 ITT CORP NEW COM COMMON 450911102 911,312 19,460 19,460 J P MORGAN CHASE & CO COMMON 46625H100 6,280,319 165,011 149,846 15,165 JACKSON HEWITT TAX SV COMMON 468202106 9,200 10,000 10,000 JANUS OVERSEAS FD MUTUAL 471023846 249,039 5,235 5,235 JOHNSON & JOHNSON COMMON 478160104 20,042,869 323,481 308,331 15,150 JPMORGAN CHASE & CO PREFERR 46625H621 1,149,775 40,700 40,700 KELLOGG CO. COMMON 487836108 6,934,711 137,294 135,144 2,150 KEYCORP NEW COMMON 493267108 339,255 42,620 42,620 KIMBERLY CLARK CORP COMMON 494368103 1,910,388 29,368 29,368 KINDER MORGAN EGY PTN COMMON 494550106 4,366,533 63,745 61,495 2,250 KOHLS CORP COMMON 500255104 246,279 4,675 4,675 KRAFT FOODS INC CL A COMMON 50075N104 1,024,706 33,205 21,303 11,902 LINCOLN NATL CORP COMMON 534187109 281,921 11,786 11,786 LOWE'S COS INC COMMON 548661107 6,232,887 279,627 272,127 7,500 LUBRIZOL CORP COM COMMON 549271104 1,767,050 16,675 16,675 L-3 COMMUNICATIONS HO COMMON 502424104 1,714,606 23,725 22,175 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 1,234,800 24,000 24,000 MAIRS & POWER GROWTH MUTUAL 560636102 247,242 3,700 3,700 MARRIOTT INTL INC NEW COMMON 571903202 657,017 18,337 13,052 5,285 MCDONALD'S CORP COMMON 580135101 7,704,356 103,400 102,088 1,312 MEDCO HEALTH SOLUTION COMMON 58405U102 1,163,019 22,340 22,340 MEDTRONIC INC COMMON 585055106 6,901,264 205,517 203,017 2,500 MERCK & COMPANY COMMON 58933Y105 4,531,495 123,105 116,505 6,600 MERITOR SVGS BK PA COMMON 590007100 52,800 22,000 22,000 METLIFE INC PFD A FLT PREFERR 59156R504 1,063,392 45,600 45,600 MICROSOFT CORP COMMON 594918104 7,965,806 325,268 316,568 8,700 MORGAN STANLEY PFD A PREFERR 61747S504 418,627 20,900 20,900 NESTLE S A REG ADR COMMON 641069406 205,017 3,826 3,826 NEXTERA ENERGY INC CO COMMON 65339F101 1,284,148 23,610 21,060 2,550 NIKE INC CL B COMMON 654106103 1,486,998 18,555 18,055 500 NOBLE CORPORATION COMMON H5833N103 474,412 14,040 14,040 NOBLE ENERGY COMMON 655044105 345,414 4,600 4,600 NOCOPI TECHNOLOGIES I COMMON 655212207 1,500 50,000 50,000 NOKIA CORP ADR COMMON 654902204 729,181 72,700 70,600 2,100 NORFOLK SOUTHERN CORP COMMON 655844108 1,885,336 31,681 30,331 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 6,719,324 116,513 115,913 600 NUCOR CORP COMMON 670346105 669,149 17,517 16,817 700 OMNICOM GROUP COMMON 681919106 445,137 11,275 11,275 OPPENHEIMER INTL BD F MUTUAL 68380T509 111,187 16,351 16,351 ORACLE SYS CORP COMMON 68389X105 8,804,652 327,920 305,220 22,700 PENNSYLVANIA REIT COMMON 709102107 1,484,167 125,141 124,941 200 PEPSICO INC COMMON 713448108 6,969,934 104,906 93,406 11,500 PETROHAWK ENERGY CORP COMMON 716495106 171,875 10,649 10,649 PETROLEO BRASIL SPONS COMMON 71654V408 226,143 6,235 6,235 PETROLEO BRASILEIRO S COMMON 71654V101 4,499,753 137,104 133,304 3,800 PFIZER INC COMMON 717081103 4,494,368 261,757 226,017 35,740 PHILIP MORRIS INTL IN COMMON 718172109 3,045,863 54,371 37,520 16,851 PIEDMONT NAT GAS INC COMMON 720186105 484,300 16,700 16,700 PNC FINANCIAL CORP COMMON 693475105 499,167 9,616 9,616 PPG INDUSTRIES INC COMMON 693506107 1,239,566 17,027 16,290 737 PPL CORP COMMON 69351T106 837,105 30,742 30,742 PRAXAIR INC COMMON 74005P104 3,641,630 40,346 39,746 600 PROCTER & GAMBLE CO COMMON 742718109 7,986,625 133,177 125,845 7,332 PROGRESS ENERGY INC C COMMON 743263105 676,295 15,225 7,125 8,100 PROTECTED BUY-WRITE 0 PREFERR 61747S850 246,625 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 147,825 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 285,150 8,620 8,620 QNB CORP COMMON 74726N107 485,060 24,560 24,560 QUALCOMM INC COMMON 747525103 8,200,212 181,692 180,192 1,500 QUEST DIAGNOSTICS INC COMMON 74834L100 2,712,914 53,753 53,753 RANGE RES CORP COM COMMON 75281A109 1,713,372 44,935 44,935 RAYMOND JAMES FINANCI COMMON 754730109 2,885,720 113,925 112,525 1,400 RESEARCH IN MOTION LT COMMON 760975102 1,111,787 22,834 22,534 300 ROSS STORES INC COM COMMON 778296103 437,280 8,000 8,000 ROYAL DUTCH SHELL PLC COMMON 780259206 1,000,980 16,600 15,400 1,200 SBM OFFSHORE NV COMMON N7752F148 749,598 39,502 38,576 926 SCHLUMBERGER LTD COMMON 806857108 8,097,279 131,428 127,628 3,800 STAPLES INC COMMON 855030102 263,592 12,600 11,000 1,600 STATE STREET CORP COMMON 857477103 6,546,814 173,840 171,440 2,400 SYSCO CORP COMMON 871829107 1,734,827 60,828 59,828 1,000 TARGET CORP COMMON 87612E106 620,438 11,610 10,010 1,600 TELEFONICA S A ADR COMMON 879382208 349,840 4,718 1,515 3,203 TEMPLETON DRAGON MUTUAL 88018T101 202,370 7,000 7,000 TEVA PHARMACEUTICAL COMMON 881624209 10,204,410 193,449 179,834 13,615 TEXAS INSTRUMENTS INC COMMON 882508104 869,511 32,038 29,238 2,800 TEXAS PAC LD COMMON 882610108 220,165 5,500 5,500 THERMO FISHER SCIENTI COMMON 883556102 1,015,487 21,209 21,209 TOLL BROTHERS INC COMMON 889478103 275,315 14,475 12,475 2,000 TOYOTA MTR CORP ADR 1 COMMON 892331307 1,611,910 22,519 22,519 TRACTOR SUPPLY CO COMMON 892356106 216,147 5,450 5,450 TRANSOCEAN LTD COMMON H8817H100 1,017,839 15,832 15,832 ULTRA PETROLEUM CORP COMMON 903914109 1,451,249 34,570 34,570 UNILEVER N V COMMON 904784709 324,138 10,848 9,777 1,071 UNION PACIFIC CORP COMMON 907818108 705,607 8,626 5,538 3,088 UNITED TECHNOLOGIES C COMMON 913017109 6,787,169 95,285 90,285 5,000 UNIVEST CORP PA COMMON 915271100 454,920 26,055 26,055 VANGUARD INDEX FDS LA MUTUAL 922908637 432,785 8,310 8,310 VANGUARD INDEX FDS SM MUTUAL 922908751 415,532 6,550 6,550 VANGUARD INDEX TR MID MUTUAL 922908629 771,517 11,635 11,635 VANGUARD INTERM-TERM MUTUAL 922907878 310,487 22,353 22,353 VANGUARD MUN BD FD IN MUTUAL 922907860 278,523 24,604 24,604 VANGUARD MUN BD FD IN MUTUAL 922907803 383,041 24,000 24,000 VERIZON COMMUNICATION COMMON 92343V104 1,960,909 60,169 52,572 7,597 VISA INC COM CL A COMMON 92826C839 6,012,933 80,971 79,871 1,100 VODAFONE GROUP PLC NE COMMON 92857W209 301,888 12,168 11,932 236 WAL MART STORES INC COMMON 931142103 689,338 12,880 12,880 WELLS FARGO & CO NEW COMMON 949746101 1,112,795 44,308 31,408 12,900 WILLIS GROUP HOLDINGS COMMON G96666105 3,340,364 108,383 105,733 2,650 YUM BRANDS INC COMMON 988498101 3,021,490 65,599 61,719 3,880
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