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
ABBOTT LABORATORIES COM 002824100 1,458 41,817 SH   SOLE   41,817 0 0
ABBVIE INC COM COM 00287Y109 1,720 41,617 SH   SOLE   41,617 0 0
ACCENTURE LTD CL A COM G1150C101 1,381 19,200 SH   SOLE   19,200 0 0
ACCO BRANDS CORP COM COM 00081T108 146 23,016 SH   SOLE   23,016 0 0
AGILENT TECHNOLOGIES COM 00846U101 2,345 54,850 SH   SOLE   54,850 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 2,816 30,763 SH   SOLE   30,763 0 0
AIRGAS INC. COM 009363102 462 4,850 SH   SOLE   4,850 0 0
ALEXANDER & BALDWIN INC COM 014482103 218 5,500 SH   SOLE   5,500 0 0
ALLERGAN INC COM 018490102 277 3,300 SH   SOLE   3,300 0 0
ALUMINUM CO OF AMERICA COM 013817101 275 35,235 SH   SOLE   35,235 0 0
AMAZON COM INC COM 023135106 590 2,125 SH   SOLE   2,125 0 0
AMER ELECTRIC PWR CO INC COM 025537101 288 6,437 SH   SOLE   6,437 0 0
AMERICAN EXPRESS CO. COM 025816109 1,125 15,050 SH   SOLE   15,050 0 0
AMERICAN STATES WATER CO COM 029899101 292 5,450 SH   SOLE   5,450 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 333 13,750 SH   SOLE   13,750 0 0
AMGEN INC COM 031162100 207 2,100 SH   SOLE   2,100 0 0
ANADARKO PETROLEUM CORP COM 032511107 380 4,425 SH   SOLE   4,425 0 0
ANALOG DEVICES INC COM 032654105 743 16,500 SH   SOLE   16,500 0 0
ANGLOGOLD LTD COM 035128206 158 11,050 SH   SOLE   11,050 0 0
APPLE, INC COM 037833100 578 1,460 SH   SOLE   1,460 0 0
APPLIED INDL. TECH. COM 03820C105 695 14,400 SH   SOLE   14,400 0 0
APPLIED MATERIALS INC COM 038222105 401 26,900 SH   SOLE   26,900 0 0
ARTESIAN RES CORP CLA COM 043113208 296 13,325 SH   SOLE   13,325 0 0
ASHLAND ONC COM 044204105 267 3,200 SH   SOLE   3,200 0 0
ATMOS ENERGY CORP COM 049560105 695 16,950 SH   SOLE   16,950 0 0
AUTO DATA PROCESSING COM 053015103 2,592 37,648 SH   SOLE   37,648 0 0
AVNET INC COM 053807103 1,683 50,091 SH   SOLE   50,091 0 0
BANCORP SOUTH CM COM 059692103 203 11,515 SH   SOLE   11,515 0 0
BANK OF NEW YORK CO INC COM 064058100 476 17,000 SH   SOLE   17,000 0 0
BEAM INC. COM 073730103 975 15,450 SH   SOLE   15,450 0 0
BEST BUY INC COM 086516101 255 9,350 SH   SOLE   9,350 0 0
BP PLC COM 055622104 452 10,844 SH   SOLE   10,844 0 0
BP PRUDHOE BAY ROYALTY COM 055630107 385 4,000 SH   SOLE   4,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 986 22,077 SH   SOLE   22,077 0 0
BROADRIDGE FINANCIAL COM 11133T103 1,056 39,735 SH   SOLE   39,735 0 0
BROCADE COMMUNS SYS INC COM 111621306 177 30,800 SH   SOLE   30,800 0 0
BROWN FORMAN CORP CL B COM 115637209 1,878 27,814 SH   SOLE   27,814 0 0
BUNGE COM G16962105 1,857 26,240 SH   SOLE   26,240 0 0
CABOT OIL & GAS COM 127097103 284 4,000 SH   SOLE   4,000 0 0
CALAVO GROWERS INC COM 128246105 312 11,500 SH   SOLE   11,500 0 0
CAMPBELL SOUP COMPANY COM 134429109 373 8,350 SH   SOLE   8,350 0 0
CASEYS GENERAL STORES INC COM 147528103 302 5,020 SH   SOLE   5,020 0 0
CATERPILLAR INC COM 149123101 863 10,463 SH   SOLE   10,463 0 0
CHESAPEAKE UTIL CORP COM 165303108 1,052 20,450 SH   SOLE   20,450 0 0
CHEVRONTEXACO CORP COM 166764100 3,768 31,842 SH   SOLE   31,842 0 0
CHUBB CORPORATION COM 171232101 404 4,783 SH   SOLE   4,783 0 0
CINTAS CORP COM 172908105 467 10,275 SH   SOLE   10,275 0 0
CIRRUS LOGIC COM 172755100 366 21,100 SH   SOLE   21,100 0 0
COCA-COLA COMPANY COM 191216100 1,598 39,864 SH   SOLE   39,864 0 0
COMPUTER ASSOC INTL INC COM 12673P105 641 22,400 SH   SOLE   22,400 0 0
CONOCOPHILLIPS COM 20825C104 1,041 17,209 SH   SOLE   17,209 0 0
CORNING INC. COM 219350105 483 33,975 SH   SOLE   33,975 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 797 7,209 SH   SOLE   7,209 0 0
CREE INC COM 225447101 989 15,500 SH   SOLE   15,500 0 0
CSX CORP COM 126408103 257 11,100 SH   SOLE   11,100 0 0
DARDEN RESTURANTS INC COM 237194105 1,499 29,700 SH   SOLE   29,700 0 0
DEERE & CO COM 244199105 1,152 14,185 SH   SOLE   14,185 0 0
DELL COMPUTER CORP. COM 24702R101 161 12,154 SH   SOLE   12,154 0 0
DENNYS CORP COM 24869P104 182 32,500 SH   SOLE   32,500 0 0
DIAMOND OFFSHR DRILLING COM 25271C102 1,102 16,025 SH   SOLE   16,025 0 0
DISNEY WALT HOLDING CO COM 254687106 1,307 20,697 SH   SOLE   20,697 0 0
DOMINION RESOURCES INC. COM 25746U109 852 15,000 SH   SOLE   15,000 0 0
DOVER CORPORATION COM 260003108 821 10,575 SH   SOLE   10,575 0 0
DR PEPPER SNAPPLE GROUP COM 26138E109 466 10,150 SH   SOLE   10,150 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 616 11,740 SH   SOLE   11,740 0 0
DUKE ENERGY CORPORATION COM 26441C105 839 12,439 SH   SOLE   12,439 0 0
E M C CORP MASS COM 268648102 393 16,650 SH   SOLE   16,650 0 0
EATON CORPORATION COM 278058102 477 7,257 SH   SOLE   7,257 0 0
EMERSON ELECTRIC COM 291011104 308 56,617 SH   SOLE   56,617 0 0
ENERGEN CORP COM 29265N108 250 4,800 SH   SOLE   4,800 0 0
EXXON MOBIL CORP COM 30231G102 682 75,552 SH   SOLE   75,552 0 0
FERRO CORP COM 315405100 158 22,800 SH   SOLE   22,800 0 0
FIDELITY NATL INFO SVCS COM 31620M106 1,164 27,186 SH   SOLE   27,186 0 0
FLUOR CORPORATION COM 343412102 664 11,200 SH   SOLE   11,200 0 0
FORD MOTOR COMPANY COM 345370860 489 31,626 SH   SOLE   31,626 0 0
FRANKLIN ELEC CO INC COM 353514102 851 25,300 SH   SOLE   25,300 0 0
GAP INC COM 364760108 2,378 57,000 SH   SOLE   57,000 0 0
GENERAL ELECTRIC COM 369604103 739 31,867 SH   SOLE   31,867 0 0
GENERAL MILLS INC COM 370334104 1,856 38,250 SH   SOLE   38,250 0 0
GENERAL MOTORS COMPANY COM COM 37045V100 461 13,859 SH   SOLE   13,859 0 0
GENUINE PARTS CO COM COM 372460105 554 7,100 SH   SOLE   7,100 0 0
GOODYEAR TIRE & RUBBER COM 382550101 442 28,900 SH   SOLE   28,900 0 0
GORMAN-RUPP CO COM COM 383082104 1,773 55,710 SH   SOLE   55,710 0 0
GRAINGER WW INC COM 384802104 7,278 28,862 SH   SOLE   28,862 0 0
HALLIBURTON COMPANY COM 406216101 374 8,986 SH   SOLE   8,986 0 0
HELMERICH & PAYNE INC COM 423452101 1,174 18,800 SH   SOLE   18,800 0 0
HERSHEY FOODS CORP COM 427866108 4,291 48,065 SH   SOLE   48,065 0 0
HOLLYFRONTIER CORP COM COM 435758305 238 5,572 SH   SOLE   5,572 0 0
HOME DEPOT INC COM 437076102 828 10,700 SH   SOLE   10,700 0 0
HONEYWELL INC. COM 438516106 959 12,094 SH   SOLE   12,094 0 0
HOSPIRA COM 441060100 934 24,393 SH   SOLE   24,393 0 0
HUNTINGTON BANCSHARES INC COM 446150104 263 33,516 SH   SOLE   33,516 0 0
INGERSOLL-RAND COMPANY COM G47791101 1,741 31,360 SH   SOLE   31,360 0 0
INGREDION INC. COM 219023108 728 11,100 SH   SOLE   11,100 0 0
INTEL COM 458140100 347 14,337 SH   SOLE   14,337 0 0
INTERNATIONAL PAPER CO COM 460146103 439 9,916 SH   SOLE   9,916 0 0
INTL BUSINESS MACHINES COM 459200101 980 5,131 SH   SOLE   5,131 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 2,814 37,441 SH   SOLE   37,441 0 0
JOHNSON & JOHNSON COM 478160104 3,582 41,726 SH   SOLE   41,726 0 0
JOHNSON CONTROLS COM 478366107 411 11,500 SH   SOLE   11,500 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 540 5,100 SH   SOLE   5,100 0 0
KEYCORP COM 493267108 219 19,925 SH   SOLE   19,925 0 0
KIMBERLY-CLARK CORP COM 494368103 2,833 29,167 SH   SOLE   29,167 0 0
KIRBY CORP COM 497266106 673 8,470 SH   SOLE   8,470 0 0
LACLEDE GAS COMPANY COM 505597104 781 17,105 SH   SOLE   17,105 0 0
LAUDER ESTEE CORP CL A COM 518439104 1,157 17,600 SH   SOLE   17,600 0 0
LOWES COMPANIES INC COM 548661107 611 14,954 SH   SOLE   14,954 0 0
MARATHON OIL CO. COM 565849106 613 17,730 SH   SOLE   17,730 0 0
MARATHON PETE CORP COM COM 56585A102 399 5,615 SH   SOLE   5,615 0 0
MASTERCARD INC COM 57636Q104 2,162 3,765 SH   SOLE   3,765 0 0
MC CORMICK & CO NEW VT COM 579780206 756 10,750 SH   SOLE   10,750 0 0
MEADWESTVACO CORP COM 583334107 1,791 52,527 SH   SOLE   52,527 0 0
MERCK & CO INC COM 58933Y105 592 12,746 SH   SOLE   12,746 0 0
METLIFE INC COM 59156R108 1,046 22,873 SH   SOLE   22,873 0 0
MICRON TECHNOLOGIES COM 595112103 435 30,400 SH   SOLE   30,400 0 0
MICROSOFT CORP COM 594918104 1,202 34,805 SH   SOLE   34,805 0 0
MIDDLEBY CORP THE COM 596278101 1,632 9,600 SH   SOLE   9,600 0 0
MINNESOTA MINING & MFG COM 88579Y101 1,766 16,150 SH   SOLE   16,150 0 0
MUELLER WATER PRODUCTS COM 624758108 152 22,000 SH   SOLE   22,000 0 0
MURPHY OIL CORP COM 626717102 2,186 35,910 SH   SOLE   35,910 0 0
NATIONAL-OILWELL VARCO INC COM COM 637071101 359 5,219 SH   SOLE   5,219 0 0
NEENAH PAPER INC COM 640079109 927 29,200 SH   SOLE   29,200 0 0
NEWMONT MINING COM 651639106 531 17,750 SH   SOLE   17,750 0 0
NEWS CORP LTD ADR COM 652487703 298 9,100 SH   SOLE   9,100 0 0
NEWS LTD CORP ADR PFD COM 65248E104 749 23,000 SH   SOLE   23,000 0 0
NO EUROPEAN OIL TR COM 659310106 419 17,224 SH   SOLE   17,224 0 0
NOBLE ENERGY INC. COM 655044105 869 14,480 SH   SOLE   14,480 0 0
NORFOLK SOUTHERN CORP COM 655844108 958 13,200 SH   SOLE   13,200 0 0
NORTHERN TRUST CORP COM 665859104 1,104 19,075 SH   SOLE   19,075 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 283 20,200 SH   SOLE   20,200 0 0
OCCIDENTAL PETE CORP COM 674599105 378 4,245 SH   SOLE   4,245 0 0
OLIN CORP NEW COM 680665205 1,454 60,805 SH   SOLE   60,805 0 0
ONEOK, INC COM 682680103 1,021 24,732 SH   SOLE   24,732 0 0
PACCAR INC COM 693718108 343 6,400 SH   SOLE   6,400 0 0
PANERA BREAD CO CL A COM 69840W108 2,116 11,385 SH   SOLE   11,385 0 0
PANTRY INC. COM 698657103 208 17,100 SH   SOLE   17,100 0 0
PARKER-HANNIFIN CORP COM 701094104 486 5,100 SH   SOLE   5,100 0 0
PDL BIOPHARMA INC COM 69329Y104 84 10,950 SH   SOLE   10,950 0 0
PEABODY ENERGY CORP COM 704549104 413 28,275 SH   SOLE   28,275 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 364 11,950 SH   SOLE   11,950 0 0
PEPSICO INCORPORATED COM 713448108 3,527 43,131 SH   SOLE   43,131 0 0
PERRIGO CO COM 714290103 465 3,850 SH   SOLE   3,850 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 295 22,025 SH   SOLE   22,025 0 0
PFIZER INC COM 717081103 414 14,804 SH   SOLE   14,804 0 0
PHILLIPS 66 COM COM 718546104 447 7,604 SH   SOLE   7,604 0 0
PIEDMONT NATURAL GAS CO. COM 720186105 633 18,775 SH   SOLE   18,775 0 0
PRAXAIR INC. COM 74005P104 5,434 47,192 SH   SOLE   47,192 0 0
PROCTER & GAMBLE COM 742718109 955 12,409 SH   SOLE   12,409 0 0
PROS HOLDING INC COM COM 74346Y103 416 13,900 SH   SOLE   13,900 0 0
RALPH LAUREN CORP. COM 731572103 312 1,800 SH   SOLE   1,800 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 153 16,061 SH   SOLE   16,061 0 0
ROCHE HLDG LTD ADR COM 771195104 626 10,130 SH   SOLE   10,130 0 0
ROWAN COMPANIES COM 779382100 4,020 118,003 SH   SOLE   118,003 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 296 4,648 SH   SOLE   4,648 0 0
SCHLUMBERGER LTD F COM 806857108 1,251 17,468 SH   SOLE   17,468 0 0
SHERWIN WILLIAMS CO COM 824348106 229 1,300 SH   SOLE   1,300 0 0
SIEMENS ADR COM 826197501 568 5,615 SH   SOLE   5,615 0 0
SIGMA ALDRICH CORP COM 826552101 1,753 21,800 SH   SOLE   21,800 0 0
SONOCO PRODUCTS INC COM 835495102 1,269 36,716 SH   SOLE   36,716 0 0
SOUTHWEST AIRLINES CO COM 844741108 301 23,420 SH   SOLE   23,420 0 0
SPECTRA ENERGY CORP COM 847560109 827 24,006 SH   SOLE   24,006 0 0
ST JOE COMPANY COM 790148100 281 13,350 SH   SOLE   13,350 0 0
STANLEY BLACK & DECKER INC. COM 854502101 645 8,350 SH   SOLE   8,350 0 0
STARBUCKS CORP COM 855244109 3,968 60,575 SH   SOLE   60,575 0 0
STRYKER CORP COM 863667101 420 6,500 SH   SOLE   6,500 0 0
SYSCO CORP. COM 871829107 1,919 56,188 SH   SOLE   56,188 0 0
TELLABS INC COM 879664100 27 13,700 SH   SOLE   13,700 0 0
TESORO CORPORATION COM 881609101 528 10,100 SH   SOLE   10,100 0 0
TEXAS INSTRUMENTS INC COM 882508104 1,736 49,816 SH   SOLE   49,816 0 0
TIMKEN COMPANY COM 887389104 1,513 26,900 SH   SOLE   26,900 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,256 27,700 SH   SOLE   27,700 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 1,323 27,597 SH   SOLE   27,597 0 0
TRINITY INDUSTRIES INC COM 896522109 234 6,100 SH   SOLE   6,100 0 0
TRINTIY PETE TRUST CBI COM 896556107 236 1,816 SH   SOLE   1,816 0 0
UNION PACIFIC CORP COM 907818108 2,109 13,675 SH   SOLE   13,675 0 0
UNITED TECHNOLOGIES CORP COM 913017109 834 8,981 SH   SOLE   8,981 0 0
US BANCORP DEL COM 902973304 202 5,600 SH   SOLE   5,600 0 0
VALERO ENERGY COM 91913Y100 1,143 32,875 SH   SOLE   32,875 0 0
VERIZON COMM COM 92343V104 899 17,864 SH   SOLE   17,864 0 0
WELLS FARGO & CO NEW COM 949746101 515 12,494 SH   SOLE   12,494 0 0
WEYERHAEUSER CO COM 962166104 570 20,016 SH   SOLE   20,016 0 0
XEROX CORP COM 984121103 214 23,634 SH   SOLE   23,634 0 0