-----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, Ng32MMFJuZ4IV8VwQguI7L9Eu06CqV5ZzqdSjYG4e0qKvnrPvbyAEnB/0wiuSh8n RuEjbiF8m0/JneHW4NrbrA== 0001278249-09-000008.txt : 20091027 0001278249-09-000008.hdr.sgml : 20091027 20091027151254 ACCESSION NUMBER: 0001278249-09-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091027 DATE AS OF CHANGE: 20091027 EFFECTIVENESS DATE: 20091027 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: 091139141 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 sec13f093009final.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, 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 October 27, 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: 185 Form 13f Information Table Value Total: $489,477,570 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/09 (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 4,897,941 66,368 X X 53,964 0 12,404 A T & T INC (NEW) COMMON 00206R102 8,692,636 321,830 X X 243,882 0 77,948 ABBOTT LABS COMMON 002824100 3,009,656 60,838 X X 46,228 0 14,610 ACCENTURE PLC COMMON G1151C101 7,048,130 189,110 X X 112,185 0 76,925 ADOBE SYS INC COMMON 00724F101 6,378,174 193,044 X X 122,319 0 70,725 AIM INVT SECS FDS INC MUTUAL 00142C805 75,425 19,540 X 19,540 0 0 AIR PRODS & CHEMS INC COMMON 009158106 4,789,634 61,738 X X 56,738 0 5,000 ALCOA INC COMMON 013817101 611,261 46,590 X X 44,540 0 2,050 ALLETE INC NEW COMMON 018522300 268,392 7,995 X X 7,895 0 100 ALTRIA GROUP INC COMMON 02209S103 1,067,068 59,914 X X 17,340 0 42,574 AMERICAN EXPRESS CO. COMMON 025816109 859,704 25,360 X X 15,310 0 10,050 AMGEN INC COMMON 031162100 1,239,232 20,575 X 16,880 0 3,695 ANADARKO PETROLEUM COMMON 032511107 561,371 8,949 X 4,525 0 4,424 APACHE CORP COMMON 037411105 1,504,635 16,385 X 10,980 0 5,405 APHTON CORP COMMON 03759P101 32 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 1,804,012 9,733 X 8,558 0 1,175 AQUA AMERICA INC COMMON 03836W103 477,250 27,055 X 21,343 0 5,712 AUTOMATIC DATA PROCES COMMON 053015103 6,465,952 164,528 X X 112,353 0 52,175 BANK OF AMERICA CORP COMMON 060505104 836,609 49,445 X X 41,779 0 7,666 BANK OF NEW YORK MELL COMMON 064058100 337,038 11,626 X 10,773 0 853 BARRICK GOLD CORP COMMON 067901108 227,173 5,994 X X 0 0 5,994 BAXTER INTERNATIONAL COMMON 071813109 1,151,716 20,202 X 19,702 0 500 BB&T CORP COMMON 054937107 2,351,139 86,312 X X 60,034 0 26,278 BECKMAN COULTER INC COMMON 075811109 506,709 7,350 X 7,350 0 0 BECTON DICKINSON & CO COMMON 075887109 7,482,916 107,282 X X 69,062 0 38,220 BERKSHIRE HATHAWAY IN COMMON 084670108 303,000 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 953,701 287 X 267 0 20 BEST BUY INC COMMON 086516101 1,315,076 35,050 X X 19,875 0 15,175 BLACK & DECKER CORP COMMON 091797100 3,968,673 85,735 X X 62,700 0 23,035 BLACKROCK INSD MUN TE MUTUAL 092474105 176,460 17,000 X 12,000 0 5,000 BOEING CO. COMMON 097023105 720,791 13,311 X X 5,951 0 7,360 BP PLC ADR COMMON 055622104 3,017,502 56,688 X X 52,706 0 3,982 BRIDGEWAY FD INC ULTR MUTUAL 108747403 143,837 11,996 X 11,996 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 945,840 42,000 X X 38,000 0 4,000 BRYN MAWR BANK CORP COMMON 117665109 229,905 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,898,597 23,783 X X 19,505 0 4,278 CAMPBELL SOUP CO COMMON 134429109 574,112 17,600 X 17,600 0 0 CARBO CERAMICS INC CO COMMON 140781105 424,772 8,240 X 8,240 0 0 CARNIVAL CORP PAIRED COMMON 143658300 3,241,738 97,408 X X 72,083 0 25,325 CATERPILLAR INC COMMON 149123101 3,031,037 59,050 X X 40,680 0 18,370 CHESAPEAKE ENERGY COR COMMON 165167107 1,223,756 43,090 X 34,715 0 8,375 CHEVRONTEXACO CORP COMMON 166764100 5,440,289 77,244 X X 57,743 0 19,501 CHUBB CORP COMMON 171232101 262,132 5,200 X X 2,100 0 3,100 CISCO SYSTEMS INC COMMON 17275R102 9,549,142 405,656 X X 247,654 0 158,002 CITIGROUP INC COMMON 172967101 157,295 32,499 X 32,499 0 0 COCA COLA CO. COMMON 191216100 2,752,018 51,248 X X 27,834 0 23,414 COLGATE PALMOLIVE CO COMMON 194162103 6,465,861 84,765 X X 45,696 0 39,069 CONOCOPHILLIPS COMMON 20825C104 2,162,532 47,886 X X 36,541 0 11,345 CONSOLIDATED EDISON I COMMON 209115104 218,906 5,347 X X 3,041 0 2,306 CORNING INC COMMON 219350105 651,410 42,548 X 42,148 0 400 COSTCO WHOLESALE COMMON 22160K105 6,937,328 123,046 X X 74,719 0 48,326 CVS CORP COMMON 126650100 9,068,902 253,747 X X 157,787 0 95,960 DENTSPLY INTL INC NEW COMMON 249030107 6,898,716 199,731 X X 100,971 0 98,760 DEVON ENERGY CORP NEW COMMON 25179M103 4,032,259 59,888 X X 43,588 0 16,300 DISNEY WALT COMPANY COMMON 254687106 1,002,784 36,518 X X 32,256 0 4,262 DOMINION RES INC VA N COMMON 25746U109 1,405,806 40,748 X X 33,348 0 7,400 DOW CHEMICAL CORP COMMON 260543103 212,471 8,150 X 5,309 0 2,841 DU PONT E I DE NEMOUR COMMON 263534109 2,177,903 67,763 X X 46,775 0 20,988 DUKE ENERGY CORP COMMON 26441C105 941,189 59,796 X X 45,300 0 14,496 E M C CORP MASS COMMON 268648102 4,545,642 266,763 X X 199,538 0 67,225 ECOLAB INC COMMON 278865100 539,735 11,675 X 7,675 0 4,000 EMERSON ELECTRIC CO COMMON 291011104 7,260,773 181,157 X X 115,441 0 65,716 ENTERGY CORP NEW COMMON 29364G103 455,521 5,704 X 2,258 0 3,446 ENTERPRISE PRODS PART COMMON 293792107 2,754,748 97,272 X X 38,415 0 58,857 EOG RESOURCES INC COMMON 26875P101 208,775 2,500 X 2,100 0 400 EQT CORP COM COMMON 26884L109 360,907 8,472 X 0 0 8,472 EXELON CORP COMMON 30161N101 477,047 9,614 X X 4,940 0 4,674 EXXON MOBIL COMMON 30231G102 27,018,324 393,796 X X 288,530 0 105,266 FEDERATED GOVT INCOME MUTUAL 313912107 130,347 14,564 X 14,564 0 0 FEDEX CORP COMMON 31428X106 7,382,191 98,141 X X 65,914 0 32,227 FPL GROUP INC COMMON 302571104 1,593,938 28,860 X X 24,160 0 4,700 FRANKLIN INVS SECS TR MUTUAL 353612302 102,614 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 8,601,957 85,507 X X 47,919 0 37,588 FRANKLIN TAX FREE TR MUTUAL 354723801 323,095 31,037 X 31,037 0 0 GENERAL ELECTRIC CO COMMON 369604103 11,469,519 698,509 X X 511,062 0 187,447 GENERAL MILLS INC COMMON 370334104 1,097,679 17,050 X 14,600 0 2,450 GENESEE & WYO INC CL COMMON 371559105 232,494 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 498,248 10,715 X 7,445 0 3,270 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,451,360 36,734 X X 28,560 0 8,174 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,266,230 161,375 X X 126,275 0 35,100 GOLDMAN SACHS GROUP I PREFERR 38144G804 539,560 28,700 X 14,200 0 14,500 GOOGLE INC CL A COMMON 38259P508 3,960,354 7,987 X X 6,152 0 1,835 HALLIBURTON CO. COMMON 406216101 697,526 25,720 X 24,620 0 1,100 HCP INC COMMON 40414L109 237,795 8,274 X X 3,088 0 5,186 HEINZ H J CO. COMMON 423074103 826,800 20,800 X X 7,200 0 13,600 HERSHEY FOODS CORP COMMON 427866108 724,117 18,634 X 12,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 1,058,590 22,423 X X 18,345 0 4,078 HOME DEPOT INC COMMON 437076102 1,151,255 43,215 X X 39,625 0 3,590 HONEYWELL INTL INC COMMON 438516106 286,724 7,718 X 2,118 0 5,600 ILLINOIS TOOL WORKS I COMMON 452308109 7,329,591 171,613 X X 117,206 0 54,407 INGERSOLL-RAND PLC COMMON G47791101 483,850 15,776 X 15,776 0 0 INT'L BUSINESS MACH. COMMON 459200101 8,286,581 69,280 X X 52,221 0 17,059 INTEL CORP COMMON 458140100 7,366,641 376,425 X X 261,443 0 114,982 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,129,500 18,750 X X 8,750 0 10,000 ITT CORP NEW COM COMMON 450911102 1,771,640 33,972 X 18,712 0 15,260 J P MORGAN CHASE & CO COMMON 46625H100 5,645,813 128,841 X X 102,618 0 26,223 JANUS OVERSEAS FD MUTUAL 471023846 293,156 7,150 X 7,150 0 0 JOHNSON & JOHNSON COMMON 478160104 20,967,275 344,347 X X 248,850 0 95,497 KELLOGG CO. COMMON 487836108 6,144,720 124,817 X X 73,091 0 51,726 KIMBERLY CLARK CORP COMMON 494368103 2,187,745 37,093 X 37,093 0 0 KINDER MORGAN EGY PTN COMMON 494550106 3,139,642 58,120 X X 31,230 0 26,890 KOHLS CORP COMMON 500255104 308,070 5,400 X 4,950 0 450 KRAFT FOODS INC CL A COMMON 50075N104 1,376,758 52,408 X X 23,478 0 28,930 LINCOLN NATL CORP COMMON 534187109 1,477,207 57,013 X X 18,036 0 38,977 LOWE'S COS INC COMMON 548661107 5,973,861 285,285 X X 198,420 0 86,865 L-3 COMMUNICATIONS HO COMMON 502424104 2,431,688 30,275 X X 9,550 0 20,725 MAGELLAN MIDSTREAM PA COMMON 559080106 902,400 24,000 X 7,900 0 16,100 MARRIOTT INTL INC NEW COMMON 571903202 1,567,360 56,809 X X 43,597 0 13,212 MCDONALD'S CORP COMMON 580135101 6,556,732 114,889 X X 83,970 0 30,919 MEDCO HEALTH SOLUTION COMMON 58405U102 293,473 5,306 X 3,258 0 2,048 MEDTRONIC INC COMMON 585055106 5,213,104 141,660 X 106,425 0 35,235 MERCK & CO. INC COMMON 589331107 1,666,332 52,682 X X 38,479 0 14,203 MERITOR SVGS BK PA COMMON 590007100 65,340 22,000 X 0 0 22,000 METLIFE INC COMMON 59156R108 468,261 12,300 X X 10,100 0 2,200 MICROSOFT CORP COMMON 594918104 8,178,925 317,999 X X 214,406 0 103,593 MONSANTO CO. NEW COMMON 61166W101 224,150 2,896 X X 1,364 0 1,532 MORGAN STANLEY PFD A PREFERR 61747S504 367,680 19,200 X 10,500 0 8,700 MOTOROLA INC COMMON 620076109 91,484 10,650 X 8,250 0 2,400 NABORS INDUSTRIES COMMON G6359F103 430,018 20,575 X 20,575 0 0 NEWMONT MNG CORP COMMON 651639106 255,316 5,800 X 4,000 0 1,800 NIKE INC CL B COMMON 654106103 1,981,502 30,626 X X 17,126 0 13,500 NOBLE CORPORATION COMMON H5833N103 872,131 22,975 X X 20,095 0 2,880 NOBLE ENERGY COMMON 655044105 303,416 4,600 X 0 0 4,600 NOKIA CORP ADR COMMON 654902204 4,915,449 336,214 X X 203,344 0 132,870 NORDSTROM INC COMMON 655664100 1,198,695 39,250 X X 19,650 0 19,600 NORFOLK SOUTHERN CORP COMMON 655844108 1,583,473 36,731 X X 30,381 0 6,350 NOVARTIS AG SPONSORED COMMON 66987V109 4,075,759 80,900 X 57,185 0 23,715 NUCOR CORP COMMON 670346105 956,654 20,350 X X 8,000 0 12,350 OMNICOM GROUP COMMON 681919106 879,689 23,814 X 19,364 0 4,450 OPTIONSXPRESS HLDGS I COMMON 684010101 618,624 35,800 X 0 0 35,800 ORACLE SYS CORP COMMON 68389X105 6,858,861 329,120 X X 196,220 0 132,900 PENNSYLVANIA REIT COMMON 709102107 943,546 123,988 X X 90,481 0 33,506 PEPSICO INC COMMON 713448108 7,036,718 119,958 X X 84,366 0 35,592 PETROLEO BRASIL SPONS COMMON 71654V408 269,663 5,875 X 5,675 0 200 PETROLEO BRASILEIRO S COMMON 71654V101 5,157,354 131,197 X X 73,597 0 57,600 PFIZER INC COMMON 717081103 4,116,548 248,734 X X 199,747 0 48,987 PHILIP MORRIS INTL IN COMMON 718172109 4,765,602 97,776 X X 49,502 0 48,274 PIEDMONT NAT GAS INC COMMON 720186105 411,768 17,200 X 8,000 0 9,200 PNC FINANCIAL CORP COMMON 693475105 248,343 5,111 X 1,500 0 3,611 PPG INDUSTRIES INC COMMON 693506107 1,060,994 18,227 X X 16,290 0 1,937 PPL CORP COMMON 69351T106 1,380,106 45,488 X X 21,552 0 23,936 PRAXAIR INC COMMON 74005P104 3,121,212 38,208 X X 26,708 0 11,500 PROCTER & GAMBLE CO COMMON 742718109 8,956,807 154,641 X X 129,045 0 25,596 PROGRESS ENERGY INC C COMMON 743263105 590,783 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 239,375 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 141,975 15,000 X 15,000 0 0 PUBLIC SVC ENTERPRISE COMMON 744573106 290,883 9,252 X 7,632 0 1,620 RANGE RES CORP COM COMMON 75281A109 406,973 8,245 X 8,245 0 0 RAYMOND JAMES FINANCI COMMON 754730109 4,815,910 206,869 X X 153,969 0 52,900 RESEARCH IN MOTION LT COMMON 760975102 2,574,670 38,070 X X 25,925 0 12,145 ROYAL DUTCH SHELL PLC COMMON 780259206 1,046,577 18,300 X X 15,800 0 2,500 SANDISK CORP COMMON 80004C101 994,403 45,825 X 39,075 0 6,750 SBM OFFSHORE NV COMMON N7752F148 936,793 44,108 X X 41,639 0 2,469 SCHERING PLOUGH CORP COMMON 806605101 397,930 14,086 X 11,520 0 2,566 SCHLUMBERGER LTD COMMON 806857108 10,225,453 171,568 X X 111,468 0 60,100 SEI INVTS CO. COMMON 784117103 3,799,372 193,058 X X 93,418 0 99,640 SMITH INTL INC COM COMMON 832110100 295,036 10,280 X 10,280 0 0 STAPLES INC COMMON 855030102 1,294,376 55,744 X X 33,379 0 22,365 STATE STREET CORP COMMON 857477103 2,581,503 49,078 X X 27,428 0 21,650 SUPERVALU INC COMMON 868536103 662,550 43,994 X X 1,755 0 42,239 SYSCO CORP COMMON 871829107 5,909,533 237,808 X X 161,708 0 76,100 TARGET CORP COMMON 87612E106 707,202 15,150 X X 7,150 0 8,000 TELEFONICA S A ADR COMMON 879382208 370,442 4,468 X X 0 0 4,468 TEVA PHARMACEUTICAL COMMON 881624209 8,938,082 176,782 X X 102,967 0 73,815 TEXAS INSTRUMENTS INC COMMON 882508104 1,202,102 50,743 X X 44,343 0 6,400 THERMO FISHER SCIENTI COMMON 883556102 1,409,144 32,268 X 32,268 0 0 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,311,529 54,875 X X 38,355 0 16,520 TRANSOCEAN LTD COMMON H8817H100 10,402,159 121,620 X X 78,893 0 42,727 ULTRA PETROLEUM CORP COMMON 903914109 1,576,267 32,195 X 22,520 0 9,675 UNILEVER N V COMMON 904784709 402,078 13,932 X X 4,200 0 9,732 UNION PACIFIC CORP COMMON 907818108 559,927 9,596 X X 3,432 0 6,164 UNITED PARCEL SVC INC COMMON 911312106 492,701 8,725 X 8,725 0 0 UNITED TECHNOLOGIES C COMMON 913017109 5,416,510 88,897 X X 73,615 0 15,282 VANGUARD INDEX FDS LA MUTUAL 922908637 411,720 8,565 X 8,565 0 0 VANGUARD INTERM-TERM MUTUAL 922907878 320,723 23,376 X 0 0 23,376 VANGUARD INTL EQUITY MUTUAL 922042775 2,611,483 60,451 X X 26,650 0 33,801 VANGUARD MUN BD FD IN MUTUAL 922021407 281,342 25,346 X 25,346 0 0 VERIZON COMMUNICATION COMMON 92343V104 2,549,128 84,213 X X 51,727 0 32,486 VODAFONE GROUP PLC NE COMMON 92857W209 239,220 10,632 X 10,632 0 0 WAL MART STORES INC COMMON 931142103 691,678 14,090 X X 11,190 0 2,900 WELLS FARGO & CO NEW COMMON 949746101 1,435,348 50,935 X X 34,535 0 16,400 WHIRLPOOL CORP COMMON 963320106 1,390,455 19,875 X X 10,525 0 9,350 WILLIS GROUP HOLDINGS COMMON G96655108 5,007,105 177,431 X X 112,406 0 65,025 WYETH COMMON 983024100 1,833,458 37,741 X X 31,630 0 6,111 XTO ENERGY INC COM COMMON 98385X106 1,003,043 24,275 X X 18,350 0 5,925
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 09/30/09 (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 4,897,941 66,368 63,668 2,700 A T & T INC (NEW) COMMON 00206R102 8,692,636 321,830 295,386 26,444 ABBOTT LABS COMMON 002824100 3,009,656 60,838 46,758 14,080 ACCENTURE PLC COMMON G1151C101 7,048,130 189,110 178,010 11,100 ADOBE SYS INC COMMON 00724F101 6,378,174 193,044 192,344 700 AIM INVT SECS FDS INC MUTUAL 00142C805 75,425 19,540 19,540 AIR PRODS & CHEMS INC COMMON 009158106 4,789,634 61,738 61,038 700 ALCOA INC COMMON 013817101 611,261 46,590 45,390 1,200 ALLETE INC NEW COMMON 018522300 268,392 7,995 7,895 100 ALTRIA GROUP INC COMMON 02209S103 1,067,068 59,914 19,640 40,274 AMERICAN EXPRESS CO. COMMON 025816109 859,704 25,360 24,760 600 AMGEN INC COMMON 031162100 1,239,232 20,575 20,575 ANADARKO PETROLEUM COMMON 032511107 561,371 8,949 8,949 APACHE CORP COMMON 037411105 1,504,635 16,385 16,385 APHTON CORP COMMON 03759P101 32 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 1,804,012 9,733 9,733 AQUA AMERICA INC COMMON 03836W103 477,250 27,055 27,055 AUTOMATIC DATA PROCES COMMON 053015103 6,465,952 164,528 157,978 6,550 BANK OF AMERICA CORP COMMON 060505104 836,609 49,445 46,247 3,198 BANK OF NEW YORK MELL COMMON 064058100 337,038 11,626 11,626 BARRICK GOLD CORP COMMON 067901108 227,173 5,994 5,967 27 BAXTER INTERNATIONAL COMMON 071813109 1,151,716 20,202 20,202 BB&T CORP COMMON 054937107 2,351,139 86,312 73,612 12,700 BECKMAN COULTER INC COMMON 075811109 506,709 7,350 7,350 BECTON DICKINSON & CO COMMON 075887109 7,482,916 107,282 103,732 3,550 BERKSHIRE HATHAWAY IN COMMON 084670108 303,000 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 953,701 287 287 BEST BUY INC COMMON 086516101 1,315,076 35,050 32,550 2,500 BLACK & DECKER CORP COMMON 091797100 3,968,673 85,735 85,335 400 BLACKROCK INSD MUN TE MUTUAL 092474105 176,460 17,000 17,000 BOEING CO. COMMON 097023105 720,791 13,311 6,311 7,000 BP PLC ADR COMMON 055622104 3,017,502 56,688 54,432 2,256 BRIDGEWAY FD INC ULTR MUTUAL 108747403 143,837 11,996 11,996 BRISTOL MYERS SQUIBB COMMON 110122108 945,840 42,000 38,000 4,000 BRYN MAWR BANK CORP COMMON 117665109 229,905 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 1,898,597 23,783 21,283 2,500 CAMPBELL SOUP CO COMMON 134429109 574,112 17,600 17,600 CARBO CERAMICS INC CO COMMON 140781105 424,772 8,240 8,240 CARNIVAL CORP PAIRED COMMON 143658300 3,241,738 97,408 95,508 1,900 CATERPILLAR INC COMMON 149123101 3,031,037 59,050 48,700 10,350 CHESAPEAKE ENERGY COR COMMON 165167107 1,223,756 43,090 43,090 CHEVRONTEXACO CORP COMMON 166764100 5,440,289 77,244 65,408 11,836 CHUBB CORP COMMON 171232101 262,132 5,200 2,800 2,400 CISCO SYSTEMS INC COMMON 17275R102 9,549,142 405,656 369,288 36,368 CITIGROUP INC COMMON 172967101 157,295 32,499 32,499 COCA COLA CO. COMMON 191216100 2,752,018 51,248 31,248 20,000 COLGATE PALMOLIVE CO COMMON 194162103 6,465,861 84,765 83,665 1,100 CONOCOPHILLIPS COMMON 20825C104 2,162,532 47,886 47,094 792 CONSOLIDATED EDISON I COMMON 209115104 218,906 5,347 3,041 2,306 CORNING INC COMMON 219350105 651,410 42,548 42,548 COSTCO WHOLESALE COMMON 22160K105 6,937,328 123,046 119,844 3,202 CVS CORP COMMON 126650100 9,068,902 253,747 248,247 5,500 DENTSPLY INTL INC NEW COMMON 249030107 6,898,716 199,731 195,931 3,800 DEVON ENERGY CORP NEW COMMON 25179M103 4,032,259 59,888 57,938 1,950 DISNEY WALT COMPANY COMMON 254687106 1,002,784 36,518 34,918 1,600 DOMINION RES INC VA N COMMON 25746U109 1,405,806 40,748 33,948 6,800 DOW CHEMICAL CORP COMMON 260543103 212,471 8,150 8,150 DU PONT E I DE NEMOUR COMMON 263534109 2,177,903 67,763 57,413 10,350 DUKE ENERGY CORP COMMON 26441C105 941,189 59,796 46,300 13,496 E M C CORP MASS COMMON 268648102 4,545,642 266,763 265,463 1,300 ECOLAB INC COMMON 278865100 539,735 11,675 11,675 EMERSON ELECTRIC CO COMMON 291011104 7,260,773 181,157 174,357 6,800 ENTERGY CORP NEW COMMON 29364G103 455,521 5,704 5,704 ENTERPRISE PRODS PART COMMON 293792107 2,754,748 97,272 95,072 2,200 EOG RESOURCES INC COMMON 26875P101 208,775 2,500 2,500 EQT CORP COM COMMON 26884L109 360,907 8,472 8,472 EXELON CORP COMMON 30161N101 477,047 9,614 8,514 1,100 EXXON MOBIL COMMON 30231G102 27,018,324 393,796 365,111 28,685 FEDERATED GOVT INCOME MUTUAL 313912107 130,347 14,564 14,564 FEDEX CORP COMMON 31428X106 7,382,191 98,141 95,641 2,500 FPL GROUP INC COMMON 302571104 1,593,938 28,860 25,760 3,100 FRANKLIN INVS SECS TR MUTUAL 353612302 102,614 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 8,601,957 85,507 85,207 300 FRANKLIN TAX FREE TR MUTUAL 354723801 323,095 31,037 31,037 GENERAL ELECTRIC CO COMMON 369604103 11,469,519 698,509 650,158 48,351 GENERAL MILLS INC COMMON 370334104 1,097,679 17,050 17,050 GENESEE & WYO INC CL COMMON 371559105 232,494 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 498,248 10,715 10,715 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,451,360 36,734 35,334 1,400 GOLDMAN SACHS GROUP I PREFERR 38143Y665 3,266,230 161,375 160,275 1,100 GOLDMAN SACHS GROUP I PREFERR 38144G804 539,560 28,700 28,700 GOOGLE INC CL A COMMON 38259P508 3,960,354 7,987 7,737 250 HALLIBURTON CO. COMMON 406216101 697,526 25,720 25,720 HCP INC COMMON 40414L109 237,795 8,274 5,074 3,200 HEINZ H J CO. COMMON 423074103 826,800 20,800 10,800 10,000 HERSHEY FOODS CORP COMMON 427866108 724,117 18,634 18,634 HEWLETT PACKARD CO. COMMON 428236103 1,058,590 22,423 19,048 3,375 HOME DEPOT INC COMMON 437076102 1,151,255 43,215 42,015 1,200 HONEYWELL INTL INC COMMON 438516106 286,724 7,718 7,718 ILLINOIS TOOL WORKS I COMMON 452308109 7,329,591 171,613 166,587 5,026 INGERSOLL-RAND PLC COMMON G47791101 483,850 15,776 15,776 INT'L BUSINESS MACH. COMMON 459200101 8,286,581 69,280 67,233 2,047 INTEL CORP COMMON 458140100 7,366,641 376,425 316,324 60,101 ISHARES TR RUSSL 2000 MUTUAL 464287655 1,129,500 18,750 18,350 400 ITT CORP NEW COM COMMON 450911102 1,771,640 33,972 33,972 J P MORGAN CHASE & CO COMMON 46625H100 5,645,813 128,841 115,522 13,319 JANUS OVERSEAS FD MUTUAL 471023846 293,156 7,150 7,150 JOHNSON & JOHNSON COMMON 478160104 20,967,275 344,347 323,047 21,300 KELLOGG CO. COMMON 487836108 6,144,720 124,817 122,167 2,650 KIMBERLY CLARK CORP COMMON 494368103 2,187,745 37,093 37,093 KINDER MORGAN EGY PTN COMMON 494550106 3,139,642 58,120 54,470 3,650 KOHLS CORP COMMON 500255104 308,070 5,400 5,400 KRAFT FOODS INC CL A COMMON 50075N104 1,376,758 52,408 25,992 26,416 LINCOLN NATL CORP COMMON 534187109 1,477,207 57,013 19,057 37,956 LOWE'S COS INC COMMON 548661107 5,973,861 285,285 275,385 9,900 L-3 COMMUNICATIONS HO COMMON 502424104 2,431,688 30,275 28,725 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 902,400 24,000 24,000 MARRIOTT INTL INC NEW COMMON 571903202 1,567,360 56,809 50,888 5,921 MCDONALD'S CORP COMMON 580135101 6,556,732 114,889 112,985 1,904 MEDCO HEALTH SOLUTION COMMON 58405U102 293,473 5,306 5,306 MEDTRONIC INC COMMON 585055106 5,213,104 141,660 141,660 MERCK & CO. INC COMMON 589331107 1,666,332 52,682 45,082 7,600 MERITOR SVGS BK PA COMMON 590007100 65,340 22,000 22,000 METLIFE INC COMMON 59156R108 468,261 12,300 10,100 2,200 MICROSOFT CORP COMMON 594918104 8,178,925 317,999 311,299 6,700 MONSANTO CO. NEW COMMON 61166W101 224,150 2,896 2,044 852 MORGAN STANLEY PFD A PREFERR 61747S504 367,680 19,200 19,200 MOTOROLA INC COMMON 620076109 91,484 10,650 10,650 NABORS INDUSTRIES COMMON G6359F103 430,018 20,575 20,575 NEWMONT MNG CORP COMMON 651639106 255,316 5,800 5,800 NIKE INC CL B COMMON 654106103 1,981,502 30,626 30,126 500 NOBLE CORPORATION COMMON H5833N103 872,131 22,975 22,875 100 NOBLE ENERGY COMMON 655044105 303,416 4,600 4,600 NOKIA CORP ADR COMMON 654902204 4,915,449 336,214 325,714 10,500 NORDSTROM INC COMMON 655664100 1,198,695 39,250 35,350 3,900 NORFOLK SOUTHERN CORP COMMON 655844108 1,583,473 36,731 35,381 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 4,075,759 80,900 80,900 NUCOR CORP COMMON 670346105 956,654 20,350 18,750 1,600 OMNICOM GROUP COMMON 681919106 879,689 23,814 23,814 OPTIONSXPRESS HLDGS I COMMON 684010101 618,624 35,800 35,800 ORACLE SYS CORP COMMON 68389X105 6,858,861 329,120 300,320 28,800 PENNSYLVANIA REIT COMMON 709102107 943,546 123,988 123,788 200 PEPSICO INC COMMON 713448108 7,036,718 119,958 103,708 16,250 PETROLEO BRASIL SPONS COMMON 71654V408 269,663 5,875 5,875 PETROLEO BRASILEIRO S COMMON 71654V101 5,157,354 131,197 127,397 3,800 PFIZER INC COMMON 717081103 4,116,548 248,734 209,991 38,743 PHILIP MORRIS INTL IN COMMON 718172109 4,765,602 97,776 55,702 42,074 PIEDMONT NAT GAS INC COMMON 720186105 411,768 17,200 17,200 PNC FINANCIAL CORP COMMON 693475105 248,343 5,111 5,111 PPG INDUSTRIES INC COMMON 693506107 1,060,994 18,227 17,490 737 PPL CORP COMMON 69351T106 1,380,106 45,488 37,488 8,000 PRAXAIR INC COMMON 74005P104 3,121,212 38,208 37,808 400 PROCTER & GAMBLE CO COMMON 742718109 8,956,807 154,641 145,509 9,132 PROGRESS ENERGY INC C COMMON 743263105 590,783 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 239,375 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 141,975 15,000 15,000 PUBLIC SVC ENTERPRISE COMMON 744573106 290,883 9,252 9,252 RANGE RES CORP COM COMMON 75281A109 406,973 8,245 8,245 RAYMOND JAMES FINANCI COMMON 754730109 4,815,910 206,869 205,469 1,400 RESEARCH IN MOTION LT COMMON 760975102 2,574,670 38,070 37,770 300 ROYAL DUTCH SHELL PLC COMMON 780259206 1,046,577 18,300 16,100 2,200 SANDISK CORP COMMON 80004C101 994,403 45,825 45,825 SBM OFFSHORE NV COMMON N7752F148 936,793 44,108 43,182 926 SCHERING PLOUGH CORP COMMON 806605101 397,930 14,086 14,086 SCHLUMBERGER LTD COMMON 806857108 10,225,453 171,568 159,518 12,050 SEI INVTS CO. COMMON 784117103 3,799,372 193,058 192,658 400 SMITH INTL INC COM COMMON 832110100 295,036 10,280 10,280 STAPLES INC COMMON 855030102 1,294,376 55,744 54,144 1,600 STATE STREET CORP COMMON 857477103 2,581,503 49,078 46,978 2,100 SUPERVALU INC COMMON 868536103 662,550 43,994 1,755 42,239 SYSCO CORP COMMON 871829107 5,909,533 237,808 233,158 4,650 TARGET CORP COMMON 87612E106 707,202 15,150 12,650 2,500 TELEFONICA S A ADR COMMON 879382208 370,442 4,468 1,265 3,203 TEVA PHARMACEUTICAL COMMON 881624209 8,938,082 176,782 174,182 2,600 TEXAS INSTRUMENTS INC COMMON 882508104 1,202,102 50,743 45,443 5,300 THERMO FISHER SCIENTI COMMON 883556102 1,409,144 32,268 32,268 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,311,529 54,875 54,075 800 TRANSOCEAN LTD COMMON H8817H100 10,402,159 121,620 116,245 5,375 ULTRA PETROLEUM CORP COMMON 903914109 1,576,267 32,195 32,195 UNILEVER N V COMMON 904784709 402,078 13,932 12,861 1,071 UNION PACIFIC CORP COMMON 907818108 559,927 9,596 6,508 3,088 UNITED PARCEL SVC INC COMMON 911312106 492,701 8,725 8,725 UNITED TECHNOLOGIES C COMMON 913017109 5,416,510 88,897 83,897 5,000 VANGUARD INDEX FDS LA MUTUAL 922908637 411,720 8,565 8,565 VANGUARD INTERM-TERM MUTUAL 922907878 320,723 23,376 23,376 VANGUARD INTL EQUITY MUTUAL 922042775 2,611,483 60,451 57,551 2,900 VANGUARD MUN BD FD IN MUTUAL 922021407 281,342 25,346 25,346 VERIZON COMMUNICATION COMMON 92343V104 2,549,128 84,213 63,004 21,209 VODAFONE GROUP PLC NE COMMON 92857W209 239,220 10,632 10,632 WAL MART STORES INC COMMON 931142103 691,678 14,090 12,590 1,500 WELLS FARGO & CO NEW COMMON 949746101 1,435,348 50,935 35,035 15,900 WHIRLPOOL CORP COMMON 963320106 1,390,455 19,875 19,725 150 WILLIS GROUP HOLDINGS COMMON G96655108 5,007,105 177,431 172,431 5,000 WYETH COMMON 983024100 1,833,458 37,741 34,541 3,200 XTO ENERGY INC COM COMMON 98385X106 1,003,043 24,275 19,275 5,000
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