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 109,943,177 272,177 SH   SOLE 0 239,542 0 32,635
Celgene Corp. COMMON STOCK 151020104 106,887,417 923,593 SH   SOLE 0 809,800 0 113,793
Express Scripts Hld. Co. COMMON STOCK 30219G108 112,183,045 1,261,334 SH   SOLE 0 1,113,069 0 148,265
Gilead Sciences, Inc. COMMON STOCK 375558103 121,651,622 1,039,047 SH   SOLE 0 926,700 0 112,347
HCA Holdings, Inc. COMMON STOCK 40412c101 134,599,268 1,483,678 SH   SOLE 0 1,324,628 0 159,050
Comcast Corp. Cl. A COMMON STOCK 20030n101 109,738,600 1,824,719 SH   SOLE 0 1,603,694 0 221,025
Disney, Walt Co. COMMON STOCK 254687106 116,827,083 1,023,542 SH   SOLE 0 905,488 0 118,054
Nike, Inc. Class B COMMON STOCK 654106103 122,061,735 1,129,992 SH   SOLE 0 1,003,803 0 126,189
Nordstrom, Inc. COMMON STOCK 655664100 102,115,883 1,370,683 SH   SOLE 0 1,193,764 0 176,919
TJX Companies, Inc. COMMON STOCK 872540109 104,476,871 1,578,916 SH   SOLE 0 1,379,558 0 199,358
CVS Health Corp. COMMON STOCK 126650100 109,809,150 1,046,998 SH   SOLE 0 920,443 0 126,555
Costco Wholesale COMMON STOCK 22160K105 99,339,736 735,523 SH   SOLE 0 640,981 0 94,542
Estee Lauder Cos. COMMON STOCK 518439104 112,981,501 1,303,733 SH   SOLE 0 1,152,356 0 151,377
Adobe Systems, Inc. COMMON STOCK 00724f101 115,350,706 1,423,907 SH   SOLE 0 1,258,767 0 165,140
Apple, Inc. COMMON STOCK 037833100 106,257,329 847,212 SH   SOLE 0 743,316 0 103,896
E M C Corp. COMMON STOCK 268648102 102,952,984 3,901,212 SH   SOLE 0 3,409,247 0 491,965
Mastercard Inc COMMON STOCK 57636Q104 54,250,463 580,343 SH   SOLE 0 509,432 0 70,911
Oracle Corp. COMMON STOCK 68389X105 99,807,503 2,476,613 SH   SOLE 0 2,158,177 0 318,436
Qualcomm, Inc. COMMON STOCK 747525103 96,710,177 1,544,151 SH   SOLE 0 1,346,750 0 197,401
eBay, Inc. COMMON STOCK 278642103 114,667,864 1,903,517 SH   SOLE 0 1,684,269 0 219,248
Consumer Discretionary Select Sect SPDR Fd COMMON STOCK 81369y407 1,257,637 16,444 SH   SOLE 0 16,444 0 0
Consumer Staples Select Sector SPDR Fund COMMON STOCK 81369Y308 586,908 12,330 SH   SOLE 0 12,330 0 0
Health Care Select Sector SPDR Fund COMMON STOCK 81369y209 1,057,007 14,209 SH   SOLE 0 14,209 0 0
SPDR Barclays High Yield Bond ETF COMMON STOCK 78464A417 105,221 2,738 SH   SOLE 0 2,738 0 0
Vanguard Extended Market ETF COMMON STOCK 922908652 355,633 3,866 SH   SOLE 0 3,866 0 0
Vanguard FTSE All-World ex-US ETF COMMON STOCK 922042775 1,599,528 32,946 SH   SOLE 0 32,946 0 0
Vanguard Information Technology ETF COMMON STOCK 92204a702 1,224,088 11,523 SH   SOLE 0 11,523 0 0
iShares 1-3 Year Credit Bond ETF COMMON STOCK 464288646 567,412 5,387 SH   SOLE 0 5,387 0 0
iShares Core MSCI Europe ETF COMMON STOCK 46434V738 521,225 11,501 SH   SOLE 0 11,501 0 0
iShares MSCI All Country Asia ex Japan ETF COMMON STOCK 464288182 345,555 5,485 SH   SOLE 0 5,485 0 0
iShares Russell 3000 ETF COMMON STOCK 464287689 53,683 433 SH   SOLE 0 433 0 0
iShares iBoxx $ Invest. Grade Corp Bd ETF COMMON STOCK 464287242 108,545 938 SH   SOLE 0 938 0 0