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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Clear Channel Outdoor Holdings CL A 18451C109 2,939 277,501 SH   DFND 1, 2 0 0 277,501
Franklin Resources Inc. COM 354613101 126,911 2,292,059 SH   DFND 1, 2 0 2,292,059 0
PPG Industries Inc. COM 693506107 102,213 442,195 SH   DFND 1, 2 0 442,195 0
Pfizer COM 717081103 101,927 3,272,132 SH   DFND 1, 2 0 0 3,272,132