The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
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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
Biogen, Inc. COMMON STOCK 09062x103 117,603,129 278,522 SH   SOLE 0 236,545 0 41,977
Celgene Corp. COMMON STOCK 151020104 108,530,241 941,449 SH   SOLE 0 796,843 0 144,606
Express Scripts Hld. Co. COMMON STOCK 30219G108 113,553,730 1,308,675 SH   SOLE 0 1,103,622 0 205,053
Gilead Sciences, Inc. COMMON STOCK 375558103 107,382,285 1,094,286 SH   SOLE 0 923,501 0 170,785
HCA Holdings, Inc. COMMON STOCK 40412c101 118,164,589 1,570,711 SH   SOLE 0 1,333,171 0 237,540
Comcast Corp. Cl. A COMMON STOCK 20030n101 106,000,289 1,877,108 SH   SOLE 0 1,584,514 0 292,594
Disney, Walt Co. COMMON STOCK 254687106 111,486,427 1,062,889 SH   SOLE 0 900,757 0 162,132
Michael Kors Hld. COMMON STOCK G60754101 102,404,244 1,557,479 SH   SOLE 0 1,301,768 0 255,711
Nike, Inc. Class B COMMON STOCK 654106103 118,826,337 1,184,355 SH   SOLE 0 1,005,791 0 178,564
Nordstrom, Inc. COMMON STOCK 655664100 111,424,081 1,387,252 SH   SOLE 0 1,172,948 0 214,304
TJX Companies, Inc. COMMON STOCK 872540109 112,463,384 1,605,473 SH   SOLE 0 1,357,074 0 248,399
CVS Health Corp. COMMON STOCK 126650100 110,801,199 1,073,551 SH   SOLE 0 908,237 0 165,314
Costco Wholesale Corp. COMMON STOCK 22160K105 112,880,956 745,138 SH   SOLE 0 630,624 0 114,514
Estee Lauder Cos., Inc. COMMON STOCK 518439104 112,948,827 1,358,211 SH   SOLE 0 1,149,358 0 208,853
Adobe Systems, Inc. COMMON STOCK 00724f101 109,372,418 1,479,205 SH   SOLE 0 1,250,338 0 228,867
Apple, Inc. COMMON STOCK 037833100 108,486,286 871,866 SH   SOLE 0 734,646 0 137,220
E M C Corp. COMMON STOCK 268648102 102,318,060 4,003,054 SH   SOLE 0 3,350,568 0 652,486
Oracle Corp. COMMON STOCK 68389X105 109,135,929 2,529,222 SH   SOLE 0 2,129,711 0 399,511
Qualcomm, Inc. COMMON STOCK 747525103 109,188,928 1,574,689 SH   SOLE 0 1,326,301 0 248,343
eBay, Inc. COMMON STOCK 278642103 113,842,958 1,973,699 SH   SOLE 0 1,676,677 0 297,022
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 1,042,166 13,831 SH   SOLE 0 13,831 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 500,706 10,273 SH   SOLE 0 10,273 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 867,535 11,966 SH   SOLE 0 11,966 0 0
SPDR Barclays High Yield Bond ETF COMMON STOCK 78464A417 93,148 2,375 SH   SOLE 0 2,375 0 0
Vanguard Extended Market ETF COMMON STOCK 922908652 302,192 3,268 SH   SOLE 0 3,268 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 1,395,140 28,630 SH   SOLE 0 28,630 0 0
Vanguard Information Technology ETF COMMON STOCK 92204a702 1,031,007 9,679 SH   SOLE 0 9,679 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 530,499 5,027 SH   SOLE 0 5,027 0 0
iShares Core MSCI Europe ETF COMMON STOCK 46434V738 442,572 9,729 SH   SOLE 0 9,729 0 0
iShares MSCI All Country Asia ex Japan ETF COMMON STOCK 464288182 296,832 4,638 SH   SOLE 0 4,638 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 112,456 908 SH   SOLE 0 908 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 105,888 870 SH   SOLE 0 870 0 0