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
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
21ST CENT FOX Cl A COM 90130A101 684 21,000 SH   SOLE   21,000 0 0
ABBOTT LABORATORIES COM 002824100 1,669 43,121 SH   SOLE   43,121 0 0
ABBVIE INC COM COM 00287Y109 1,984 40,146 SH   SOLE   40,146 0 0
ACCO BRANDS CORP COM COM 00081T108 132 21,642 SH   SOLE   21,642 0 0
AGILENT TECHNOLOGIES COM 00846U101 2,923 53,450 SH   SOLE   53,450 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 3,480 29,605 SH   SOLE   29,605 0 0
AIRGAS INC. COM 009363102 503 4,650 SH   SOLE   4,650 0 0
ALEXANDER & BALDWIN INC COM 014482103 229 5,900 SH   SOLE   5,900 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 494 9,761 SH   SOLE   9,761 0 0
ALLERGAN INC COM 018490102 426 3,000 SH   SOLE   3,000 0 0
ALUMINUM CO OF AMERICA COM 013817101 475 35,260 SH   SOLE   35,260 0 0
AMAZON COM INC COM 023135106 694 2,100 SH   SOLE   2,100 0 0
AMER ELECTRIC PWR CO INC COM 025537101 287 5,574 SH   SOLE   5,574 0 0
AMERICAN EXPRESS CO. COM 025816109 1,333 15,385 SH   SOLE   15,385 0 0
AMERICAN STATES WATER CO COM 029899101 314 10,100 SH   SOLE   10,100 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 428 13,450 SH   SOLE   13,450 0 0
AMGEN INC COM 031162100 245 2,100 SH   SOLE   2,100 0 0
ANADARKO PETROLEUM CORP COM 032511107 460 4,650 SH   SOLE   4,650 0 0
ANALOG DEVICES INC COM 032654105 809 15,300 SH   SOLE   15,300 0 0
APPLE INC COM 037833100 826 1,555 SH   SOLE   1,555 0 0
APPLIED INDL. TECH. COM 03820C105 801 16,500 SH   SOLE   16,500 0 0
APPLIED MATERIALS INC COM 038222105 537 28,100 SH   SOLE   28,100 0 0
ARTESIAN RES CORP CLA COM 043113208 297 13,175 SH   SOLE   13,175 0 0
ASHLAND ONC COM 044204105 311 3,200 SH   SOLE   3,200 0 0
ASTRAZENECA PLC ADR COM 046353108 255 3,700 SH   SOLE   3,700 0 0
ATMOS ENERGY CORP COM 049560105 796 16,050 SH   SOLE   16,050 0 0
AUTO DATA PROCESSING COM 053015103 2,689 35,365 SH   SOLE   35,365 0 0
AVNET INC COM 053807103 2,208 48,000 SH   SOLE   48,000 0 0
BAKER HUGHES INC COM 057224107 299 4,263 SH   SOLE   4,263 0 0
BANCORP SOUTH CM COM 059692103 232 9,758 SH   SOLE   9,758 0 0
BANK OF NEW YORK CO INC COM 064058100 537 15,950 SH   SOLE   15,950 0 0
BEAM INC. COM 073730103 2,263 27,150 SH   SOLE   27,150 0 0
BP PLC COM 055622104 500 10,216 SH   SOLE   10,216 0 0
BP PRUDHOE BAY ROYALTY COM 055630107 342 4,000 SH   SOLE   4,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,064 21,077 SH   SOLE   21,077 0 0
BROADRIDGE FINANCIAL COM 11133T103 1,395 37,871 SH   SOLE   37,871 0 0
BROCADE COMMUNS SYS INC COM 111621306 293 30,500 SH   SOLE   30,500 0 0
BROWN FORMAN CORP CL B COM 115637209 2,368 26,615 SH   SOLE   26,615 0 0
BUNGE COM G16962105 1,972 24,658 SH   SOLE   24,658 0 0
CABOT OIL & GAS COM 127097103 280 8,000 SH   SOLE   8,000 0 0
CALAVO GROWERS INC COM 128246105 371 11,300 SH   SOLE   11,300 0 0
CAMPBELL SOUP COMPANY COM 134429109 324 7,300 SH   SOLE   7,300 0 0
CASEYS GENERAL STORES INC COM 147528103 666 9,946 SH   SOLE   9,946 0 0
CATERPILLAR INC COM 149123101 1,032 10,063 SH   SOLE   10,063 0 0
CELANESE CORP. COM 150870103 816 14,050 SH   SOLE   14,050 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,205 19,750 SH   SOLE   19,750 0 0
CHEVRONTEXACO CORP COM 166764100 4,079 32,835 SH   SOLE   32,835 0 0
CHUBB CORPORATION COM 171232101 426 4,716 SH   SOLE   4,716 0 0
CIMAREX ENERGY CO COM 171798101 301 2,500 SH   SOLE   2,500 0 0
CINTAS CORP COM 172908105 545 9,500 SH   SOLE   9,500 0 0
CIRRUS LOGIC COM 172755100 395 20,600 SH   SOLE   20,600 0 0
COCA-COLA COMPANY COM 191216100 1,599 39,246 SH   SOLE   39,246 0 0
COLGATE-PALMOLIVE CO COM 194162103 213 3,200 SH   SOLE   3,200 0 0
COMPUTER ASSOC INTL INC COM 12673P105 617 20,200 SH   SOLE   20,200 0 0
CONOCOPHILLIPS COM 20825C104 1,251 16,778 SH   SOLE   16,778 0 0
CORNING INC. COM 219350105 668 31,794 SH   SOLE   31,794 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 806 7,072 SH   SOLE   7,072 0 0
CREE INC COM 225447101 851 14,800 SH   SOLE   14,800 0 0
CSX CORP COM 126408103 295 10,500 SH   SOLE   10,500 0 0
DARDEN RESTURANTS INC COM 237194105 1,322 27,450 SH   SOLE   27,450 0 0
DEERE & CO COM 244199105 1,283 13,785 SH   SOLE   13,785 0 0
DENNYS CORP COM 24869P104 206 32,500 SH   SOLE   32,500 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 731 15,034 SH   SOLE   15,034 0 0
DISNEY WALT HOLDING CO COM 254687106 1,542 19,497 SH   SOLE   19,497 0 0
DOMINION RESOURCES INC. COM 25746U109 1,029 14,551 SH   SOLE   14,551 0 0
DOVER CORPORATION COM 260003108 847 9,875 SH   SOLE   9,875 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 501 9,550 SH   SOLE   9,550 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 747 11,154 SH   SOLE   11,154 0 0
DUKE ENERGY CORPORATION COM 26441C105 855 11,811 SH   SOLE   11,811 0 0
E M C CORP MASS COM 268648102 461 17,150 SH   SOLE   17,150 0 0
EATON CORPORATION COM 278058102 507 6,871 SH   SOLE   6,871 0 0
EMERSON ELECTRIC COM 291011104 3,535 51,550 SH   SOLE   51,550 0 0
ENERGEN CORP COM 29265N108 361 4,500 SH   SOLE   4,500 0 0
EXXON MOBIL CORP COM 30231G102 7,198 71,324 SH   SOLE   71,324 0 0
FAMILY DOLLAR STORES INC. COM 307000109 225 4,000 SH   SOLE   4,000 0 0
FERRO CORP COM 315405100 292 22,200 SH   SOLE   22,200 0 0
FIDELITY NATL INFO SVCS COM 31620M106 1,313 25,013 SH   SOLE   25,013 0 0
FLUOR CORPORATION COM 343412102 821 10,600 SH   SOLE   10,600 0 0
FORD MOTOR COMPANY COM 345370860 475 29,726 SH   SOLE   29,726 0 0
FRANKLIN ELEC CO INC COM 353514102 938 23,200 SH   SOLE   23,200 0 0
GAP INC COM 364760108 2,083 54,200 SH   SOLE   54,200 0 0
GENCORP INC COM 368682100 175 10,200 SH   SOLE   10,200 0 0
GENERAL ELECTRIC COM 369604103 800 30,123 SH   SOLE   30,123 0 0
GENERAL MILLS INC COM 370334104 1,859 35,550 SH   SOLE   35,550 0 0
GENERAL MOTORS COMPANY COM COM 37045V100 441 13,005 SH   SOLE   13,005 0 0
GENUINE PARTS CO COM COM 372460105 606 6,900 SH   SOLE   6,900 0 0
GOODYEAR TIRE & RUBBER COM 382550101 718 26,400 SH   SOLE   26,400 0 0
GORMAN-RUPP CO COM COM 383082104 2,157 69,559 SH   SOLE   69,559 0 0
GRAINGER WW INC COM 384802104 6,904 27,375 SH   SOLE   27,375 0 0
HAIN CELESTIAL GROUP INC COM 405217100 231 2,650 SH   SOLE   2,650 0 0
HALLIBURTON COMPANY COM 406216101 575 9,145 SH   SOLE   9,145 0 0
HELMERICH & PAYNE INC COM 423452101 2,013 17,800 SH   SOLE   17,800 0 0
HERSHEY FOODS CORP COM 427866108 4,466 44,490 SH   SOLE   44,490 0 0
HOLLYFRONTIER CORP COM COM 435758305 283 5,572 SH   SOLE   5,572 0 0
HOME DEPOT INC COM 437076102 849 10,900 SH   SOLE   10,900 0 0
HONEYWELL INC. COM 438516106 1,117 11,994 SH   SOLE   11,994 0 0
HOSPIRA COM 441060100 1,010 23,410 SH   SOLE   23,410 0 0
HUNTINGTON BANCSHARES INC COM 446150104 285 30,950 SH   SOLE   30,950 0 0
INGERSOLL-RAND COMPANY COM G47791101 1,704 29,560 SH   SOLE   29,560 0 0
INGREDION INC. COM 219023108 737 10,800 SH   SOLE   10,800 0 0
INTEL COM 458140100 383 14,239 SH   SOLE   14,239 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 260 1,300 SH   SOLE   1,300 0 0
INTERNATIONAL PAPER CO COM 460146103 429 9,350 SH   SOLE   9,350 0 0
INTL BUSINESS MACHINES COM 459200101 871 4,531 SH   SOLE   4,531 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,411 35,850 SH   SOLE   35,850 0 0
JOHNSON & JOHNSON COM 478160104 3,951 39,514 SH   SOLE   39,514 0 0
JOHNSON CONTROLS COM 478366107 516 10,900 SH   SOLE   10,900 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 521 5,100 SH   SOLE   5,100 0 0
KEYCORP COM 493267108 233 17,159 SH   SOLE   17,159 0 0
KIMBERLY-CLARK CORP COM 494368103 3,036 27,367 SH   SOLE   27,367 0 0
KIRBY CORP COM 497266106 799 7,820 SH   SOLE   7,820 0 0
LACLEDE GAS COMPANY COM 505597104 741 15,850 SH   SOLE   15,850 0 0
LAUDER ESTEE CORP CL A COM 518439104 1,251 17,400 SH   SOLE   17,400 0 0
LEAPFROG ENTERPRISES INC COM COM 52186N106 71 10,100 SH   SOLE   10,100 0 0
LOWES COMPANIES INC COM 548661107 688 14,754 SH   SOLE   14,754 0 0
MARATHON OIL CO. COM 565849106 615 16,830 SH   SOLE   16,830 0 0
MARATHON PETE CORP COM COM 56585A102 447 4,965 SH   SOLE   4,965 0 0
MASTERCARD INC COM 57636Q104 2,779 37,400 SH   SOLE   37,400 0 0
MC CORMICK & CO NEW VT COM 579780206 1,065 15,030 SH   SOLE   15,030 0 0
MEADWESTVACO CORP COM 583334107 1,887 49,336 SH   SOLE   49,336 0 0
MERCK & CO INC COM 58933Y105 731 12,770 SH   SOLE   12,770 0 0
MEREDITH CORP. COM 589433101 532 11,500 SH   SOLE   11,500 0 0
METHODE ELECTRONICS INC COM COM 591520200 203 7,000 SH   SOLE   7,000 0 0
METLIFE INC COM 59156R108 1,571 30,723 SH   SOLE   30,723 0 0
MICRON TECHNOLOGIES COM 595112103 744 29,400 SH   SOLE   29,400 0 0
MICROSOFT CORP COM 594918104 1,320 33,072 SH   SOLE   33,072 0 0
MIDDLEBY CORP THE COM 596278101 2,420 9,250 SH   SOLE   9,250 0 0
MINNESOTA MINING & MFG COM 88579Y101 2,200 15,876 SH   SOLE   15,876 0 0
MUELLER WATER PRODUCTS COM 624758108 207 22,000 SH   SOLE   22,000 0 0
MURPHY OIL CORP COM 626717102 2,226 34,610 SH   SOLE   34,610 0 0
MURPHY USA INC. COM 626755102 358 8,839 SH   SOLE   8,839 0 0
NATIONAL-OILWELL VARCO INC COM COM 637071101 431 5,234 SH   SOLE   5,234 0 0
NEENAH PAPER INC COM 640079109 1,456 28,350 SH   SOLE   28,350 0 0
NEWFIELD EXPLORATION CO COM 651290108 218 6,700 SH   SOLE   6,700 0 0
NEWMONT MINING COM 651639106 425 16,967 SH   SOLE   16,967 0 0
NO EUROPEAN OIL TR COM 659310106 439 18,000 SH   SOLE   18,000 0 0
NOBLE ENERGY INC. COM 655044105 1,047 14,030 SH   SOLE   14,030 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,254 12,950 SH   SOLE   12,950 0 0
NORTHERN TRUST CORP COM 665859104 1,029 17,191 SH   SOLE   17,191 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 303 22,200 SH   SOLE   22,200 0 0
OCCIDENTAL PETE CORP COM 674599105 397 4,077 SH   SOLE   4,077 0 0
OLIN CORP NEW COM 680665205 1,595 56,250 SH   SOLE   56,250 0 0
ONE GAS INC COM COM 68235P108 213 5,933 SH   SOLE   5,933 0 0
ONEOK, INC COM 682680103 1,464 23,732 SH   SOLE   23,732 0 0
PACCAR INC COM 693718108 401 6,100 SH   SOLE   6,100 0 0
PANERA BREAD CO CL A COM 69840W108 1,831 10,875 SH   SOLE   10,875 0 0
PANTRY INC. COM 698657103 255 16,100 SH   SOLE   16,100 0 0
PARKER-HANNIFIN CORP COM 701094104 625 5,000 SH   SOLE   5,000 0 0
PATTERSON UTIL ENRGY COM 703481101 224 6,700 SH   SOLE   6,700 0 0
PDL BIOPHARMA INC COM 69329Y104 85 10,150 SH   SOLE   10,150 0 0
PEABODY ENERGY CORP COM 704549104 483 27,715 SH   SOLE   27,715 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 446 10,500 SH   SOLE   10,500 0 0
PEPSICO INCORPORATED COM 713448108 3,841 44,717 SH   SOLE   44,717 0 0
PERRIGO CO COM 714290103 529 3,650 SH   SOLE   3,650 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 288 20,625 SH   SOLE   20,625 0 0
PFIZER INC COM 717081103 482 15,651 SH   SOLE   15,651 0 0
PHILLIPS 66 COM COM 718546104 615 7,527 SH   SOLE   7,527 0 0
PIEDMONT NATURAL GAS CO. COM 720186105 633 17,746 SH   SOLE   17,746 0 0
PRAXAIR INC. COM 74005P104 5,710 42,971 SH   SOLE   42,971 0 0
PROCTER & GAMBLE COM 742718109 940 11,533 SH   SOLE   11,533 0 0
PROS HOLDING INC COM COM 74346Y103 375 12,400 SH   SOLE   12,400 0 0
RALPH LAUREN CORP. COM 731572103 277 1,800 SH   SOLE   1,800 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 152 14,830 SH   SOLE   14,830 0 0
ROCHE HLDG LTD ADR COM 771195104 721 19,760 SH   SOLE   19,760 0 0
ROWAN COMPANIES COM 779382100 3,598 117,353 SH   SOLE   117,353 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 351 4,648 SH   SOLE   4,648 0 0
SCHLUMBERGER LTD F COM 806857108 1,730 16,995 SH   SOLE   16,995 0 0
SHERWIN WILLIAMS CO COM 824348106 257 1,300 SH   SOLE   1,300 0 0
SIEMENS ADR COM 826197501 672 4,965 SH   SOLE   4,965 0 0
SIGMA ALDRICH CORP COM 826552101 1,919 20,304 SH   SOLE   20,304 0 0
SONOCO PRODUCTS INC COM 835495102 1,470 34,850 SH   SOLE   34,850 0 0
SOUTHWEST AIRLINES CO COM 844741108 368 15,600 SH   SOLE   15,600 0 0
SPECTRA ENERGY CORP COM 847560109 882 22,384 SH   SOLE   22,384 0 0
ST JOE COMPANY COM 790148100 200 11,050 SH   SOLE   11,050 0 0
STANLEY BLACK & DECKER INC. COM 854502101 665 8,150 SH   SOLE   8,150 0 0
STARBUCKS CORP COM 855244109 4,065 57,688 SH   SOLE   57,688 0 0
STRYKER CORP COM 863667101 508 6,400 SH   SOLE   6,400 0 0
SYSCO CORP. COM 871829107 2,431 66,880 SH   SOLE   66,880 0 0
TESORO CORPORATION COM 881609101 506 9,500 SH   SOLE   9,500 0 0
TEXAS INSTRUMENTS INC COM 882508104 2,197 47,650 SH   SOLE   47,650 0 0
THE CHARLES SCHWAB CORP COM 808513105 217 8,000 SH   SOLE   8,000 0 0
TIMKEN COMPANY COM 887389104 1,586 26,650 SH   SOLE   26,650 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,508 52,200 SH   SOLE   52,200 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 1,097 27,060 SH   SOLE   27,060 0 0
TRINITY INDUSTRIES INC COM 896522109 398 5,600 SH   SOLE   5,600 0 0
TRINTIY PETE TRUST CBI COM 896556107 290 1,816 SH   SOLE   1,816 0 0
TWENTY FIRST CENTURY FOX INC COM 90130A200 288 9,100 SH   SOLE   9,100 0 0
UNION PACIFIC CORP COM 907818108 2,466 12,875 SH   SOLE   12,875 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,064 8,997 SH   SOLE   8,997 0 0
US BANCORP DEL COM 902973304 226 5,600 SH   SOLE   5,600 0 0
VALERO ENERGY COM 91913Y100 1,804 32,100 SH   SOLE   32,100 0 0
VERIZON COMM COM 92343V104 827 17,248 SH   SOLE   17,248 0 0
WELLS FARGO & CO NEW COM 949746101 611 12,448 SH   SOLE   12,448 0 0
WEYERHAEUSER CO COM 962166104 462 16,409 SH   SOLE   16,409 0 0
WILEY JOHN & SON COM 968223206 203 3,600 SH   SOLE   3,600 0 0
XEROX CORP COM 984121103 414 36,134 SH   SOLE   36,134 0 0