-----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, KjpTjnxkgLupt8gIkTuNgkVNtSCfi7E28eg2ogeKE6/DkMIH+SyimoAd1JP9vRud TQInqD+j43epF6lV3gzFnA== 0001278249-08-000009.txt : 20080729 0001278249-08-000009.hdr.sgml : 20080729 20080729160421 ACCESSION NUMBER: 0001278249-08-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080729 DATE AS OF CHANGE: 20080729 EFFECTIVENESS DATE: 20080729 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: 08975925 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 sec13f06308final.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: June 30, 2008 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 July 29, 2008 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: 242 Form 13f Information Table Value Total: $589,019,239 List of Other Included Managers: None TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F
AS OF DATE: 06/30/08 (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 4,522,360 64,986 X X 54,886 0 10,100 A T & T INC (NEW) COMMON 00206R102 7,897,468 234,416 X X 165,401 0 69,014 ABBOTT LABS COMMON 002824100 3,324,609 62,764 X X 56,304 0 6,460 ACCENTURE LTD CL A COMMON G1150G111 9,321,785 228,924 X X 148,399 0 80,525 AFLAC INC COMMON 001055102 439,537 6,999 X 6,999 0 0 AIM INVT SECS FDS INC MUTUAL 00142C805 70,350 17,243 X 17,243 0 0 AIR PRODS & CHEMS INC COMMON 009158106 6,466,037 65,406 X 61,106 0 4,300 ALCOA INC COMMON 013817101 1,910,657 53,640 X X 51,590 0 2,050 ALLETE INC NEW COMMON 018522300 519,792 12,376 X X 12,276 0 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 1,276,778 23,350 X X 21,600 0 1,750 ALTRIA GROUP INC COMMON 02209S103 1,628,578 79,211 X X 37,752 0 41,459 AMDOCS LTD ORD COMMON G02602103 6,573,340 223,431 X X 142,031 0 81,400 AMERICAN EXPRESS CO. COMMON 025816109 1,298,749 34,477 X X 23,750 0 10,727 AMERICAN INTL GROUP I COMMON 026874107 5,717,739 216,090 X X 147,876 0 68,214 AMGEN INC COMMON 031162100 1,058,789 22,451 X X 18,430 0 4,021 ANADARKO PETROLEUM COMMON 032511107 1,261,054 16,850 X 12,850 0 4,000 ANHEUSER BUSCH COS IN COMMON 035229103 580,325 9,342 X 8,368 0 974 APACHE CORP COMMON 037411105 2,963,480 21,320 X X 11,775 0 9,545 APHTON CORP COMMON 03759P101 5 15,000 X 0 0 15,000 APPLE COMPUTER INC COMMON 037833100 813,926 4,861 X 4,650 0 211 AQUA AMERICA INC COMMON 03836W103 508,038 31,812 X 26,237 0 5,575 ARCHER DANIELS MIDLAN COMMON 039483102 308,543 9,142 X 9,142 0 0 AUTOMATIC DATA PROCES COMMON 053015103 6,025,152 143,798 X X 89,723 0 54,075 BANK OF AMERICA CORP COMMON 060505104 3,262,668 136,685 X X 99,435 0 37,250 BANK OF NEW YORK MELL COMMON 064058100 318,377 8,416 X 8,063 0 353 BAXTER INTERNATIONAL COMMON 071813109 1,211,663 18,950 X 18,450 0 500 BECKMAN COULTER INC COMMON 075811109 927,187 13,730 X 13,730 0 0 BECTON DICKINSON & CO COMMON 075887109 638,205 7,850 X 6,250 0 1,600 BED BATH & BEYOND INC COMMON 075896100 292,240 10,400 X 3,300 0 7,100 BERKSHIRE HATHAWAY IN COMMON 084670108 362,250 3 X 3 0 0 BERKSHIRE HATHAWAY (B COMMON 084670207 674,016 168 X 148 0 20 BEST BUY INC COMMON 086516101 734,382 18,545 X 13,420 0 5,125 BJ SERVICES COMMON 055482103 749,153 23,455 X 23,105 0 350 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 X 12,000 0 5,000 BLACKROCK WORLD INVT COMMON 09250K103 159,547 10,175 X 5,175 0 5,000 BOEING CO. COMMON 097023105 651,476 9,913 X X 1,552 0 8,361 BP PLC ADR COMMON 055622104 4,892,441 70,324 X X 63,012 0 7,312 BRIDGEWAY FD INC ULTR MUTUAL 108747403 164,601 10,737 X 10,737 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 1,035,020 50,415 X X 44,015 0 6,400 BRYN MAWR BANK CORP COMMON 117665109 230,300 13,160 X 0 0 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 3,172,307 31,758 X X 26,730 0 5,028 CALVERT MUN BD FD NAT MUTUAL 131616203 118,973 11,429 X 11,429 0 0 CAMPBELL SOUP CO COMMON 134429109 588,896 17,600 X 17,600 0 0 CARNIVAL CORP PAIRED COMMON 143658300 5,406,462 164,031 X X 118,829 0 45,202 CATERPILLAR INC COMMON 149123101 2,355,227 31,905 X 26,755 0 5,150 CHESAPEAKE ENERGY COR COMMON 165167107 2,997,156 45,439 X X 31,949 0 13,490 CHEVRONTEXACO CORP COMMON 166764100 7,461,308 75,268 X X 66,020 0 9,248 CHUBB CORP COMMON 171232101 240,149 4,900 X X 2,100 0 2,800 CIGNA CORP COMMON 125509109 359,810 10,167 X 450 0 9,717 CISCO SYSTEMS INC COMMON 17275R102 9,879,848 424,757 X X 260,142 0 164,615 CITIGROUP INC COMMON 172967101 850,637 50,754 X X 48,425 0 2,329 CLOROX CO COMMON 189054109 361,798 6,931 X 6,931 0 0 COCA COLA CO. COMMON 191216100 2,745,844 52,825 X X 29,311 0 23,514 COLGATE PALMOLIVE CO COMMON 194162103 5,872,175 84,981 X X 40,933 0 44,048 COMCAST CORP NEW A SP COMMON 20030N200 220,355 11,746 X 10,796 0 950 CONCURRENT COMPUTER C COMMON 206710204 74,436 109,465 X X 108,768 0 697 CONOCOPHILLIPS COMMON 20825C104 6,027,745 63,860 X X 45,307 0 18,553 CONSOL ENERGY INC COM COMMON 20854P109 1,432,718 12,750 X X 6,750 0 6,000 CONSOLIDATED EDISON I COMMON 209115104 212,923 5,447 X X 3,141 0 2,306 CORNING INC COMMON 219350105 8,015,338 347,737 X X 259,492 0 88,245 COSTCO WHOLESALE COMMON 22160K105 1,298,158 18,508 X X 7,900 0 10,608 CSX CORP COMMON 126408103 200,992 3,200 X 500 0 2,700 CULLEN FROST BANKERS COMMON 229899109 1,163,499 23,340 X 6,600 0 16,740 CUMMINS ENGINE INC COMMON 231021106 262,539 4,007 X 0 0 4,007 CVS CORP COMMON 126650100 9,544,425 241,204 X X 143,319 0 97,885 DAKTRONICS INC COM COMMON 234264109 406,426 20,150 X 17,800 0 2,350 DENTSPLY INTL INC NEW COMMON 249030107 5,520,597 150,016 X X 47,495 0 102,521 DEVON ENERGY CORP NEW COMMON 25179M103 7,174,754 59,710 X X 39,375 0 20,335 DISNEY WALT COMPANY COMMON 254687106 1,882,982 60,352 X X 54,740 0 5,612 DOMINION RES INC VA N COMMON 25746U109 1,843,847 38,826 X X 34,026 0 4,800 DU PONT E I DE NEMOUR COMMON 263534109 2,604,495 60,725 X X 50,175 0 10,550 DUKE ENERGY CORP COMMON 26441C105 1,337,321 76,946 X X 62,450 0 14,496 E M C CORP MASS COMMON 268648102 3,809,073 259,297 X X 173,222 0 86,075 EATON VANCE MUNS TR T MUTUAL 27826L330 317,547 30,563 X 30,563 0 0 EBAY INC COMMON 278642103 560,265 20,500 X 17,500 0 3,000 EDISON INTL COMMON 281020107 338,594 6,590 X 6,590 0 0 EMERSON ELECTRIC CO COMMON 291011104 2,719,997 55,005 X X 44,708 0 10,297 ENCANA CORP COMMON 292505104 543,852 5,981 X 205 0 5,776 ENSCO INTL INC COMMON 26874Q100 456,181 5,650 X X 1,050 0 4,600 ENTERGY CORP NEW COMMON 29364G103 421,680 3,500 X 3,500 0 0 ENTERPRISE PRODS PART COMMON 293792107 1,714,954 58,055 X X 23,750 0 34,305 EQUITABLE RESOURCES I COMMON 294549100 666,912 9,657 X 1,085 0 8,572 EXELON CORP COMMON 30161N101 793,627 8,822 X X 7,722 0 1,100 EXXON MOBIL COMMON 30231G102 35,753,516 405,691 X X 311,711 0 93,979 FEDERATED GOVT INCOME MUTUAL 313912107 124,358 14,180 X 14,180 0 0 FEDEX CORP COMMON 31428X106 8,238,782 104,566 X X 66,879 0 37,687 FORTUNE BRANDS INC COMMON 349631101 432,252 6,926 X 6,926 0 0 FPL GROUP INC COMMON 302571104 1,913,428 29,177 X X 25,577 0 3,600 FRANKLIN INVS SECS TR MUTUAL 353612302 101,357 11,427 X 11,427 0 0 FRANKLIN RESOURCES IN COMMON 354613101 7,311,886 79,781 X X 41,795 0 37,986 FRANKLIN TAX FREE TR MUTUAL 354723801 740,393 73,598 X 73,598 0 0 GENENTECH INC NEW COMMON 368710406 258,060 3,400 X 500 0 2,900 GENERAL DYNAMICS CORP COMMON 369550108 202,317 2,403 X 2,403 0 0 GENERAL ELECTRIC CO COMMON 369604103 21,246,029 796,030 X X 568,482 0 227,547 GENERAL MILLS INC COMMON 370334104 1,124,184 18,499 X 16,049 0 2,450 GENESEE & WYO INC CL COMMON 371559105 260,865 7,668 X 0 0 7,668 GILEAD SCIENCES INC COMMON 375558103 1,192,964 22,530 X 18,060 0 4,470 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,651,573 37,349 X X 29,350 0 7,999 GOLDMAN SACHS GROUP I COMMON 38141G104 498,465 2,850 X 2,550 0 300 GOLDMAN SACHS GROUP I PREFERR 38143Y665 2,482,685 138,775 X X 120,675 0 18,100 GOOGLE INC CL A COMMON 38259P508 586,958 1,115 X 960 0 155 HALLIBURTON CO. COMMON 406216101 2,196,302 41,385 X 31,835 0 9,550 HARLEY DAVIDSON INC COMMON 412822108 283,553 7,820 X 7,820 0 0 HARRIS CORP DEL COMMON 413875105 300,416 5,950 X 4,750 0 1,200 HCP INC COMMON 40414L109 212,300 6,674 X X 3,088 0 3,586 HEINZ H J CO. COMMON 423074103 1,032,603 21,580 X X 7,980 0 13,600 HELMERICH & PAYNE COMMON 423452101 2,472,087 34,325 X 10,900 0 23,425 HERSHEY FOODS CORP COMMON 427866108 676,383 20,634 X 14,100 0 6,534 HEWLETT PACKARD CO. COMMON 428236103 1,149,273 25,996 X X 21,629 0 4,367 HOME DEPOT INC COMMON 437076102 541,055 23,102 X 22,012 0 1,090 HONEYWELL INTL INC COMMON 438516106 1,051,858 20,920 X 4,218 0 16,702 HSBC HLDGS PLC ADR SP COMMON 404280406 1,080,819 14,092 X 14,092 0 0 ILLINOIS TOOL WORKS I COMMON 452308109 7,913,931 166,574 X X 106,898 0 59,676 INGERSOLL-RAND COMPAN COMMON G4776G101 755,337 20,180 X 20,180 0 0 INT'L BUSINESS MACH. COMMON 459200101 8,319,133 70,186 X X 53,846 0 16,340 INTEL CORP COMMON 458140100 10,062,761 468,471 X X 335,442 0 133,029 ISHARES TR RUSSL 2000 MUTUAL 464287655 476,445 6,900 X 3,300 0 3,600 ITT CORP NEW COM COMMON 450911102 3,607,720 56,967 X X 35,582 0 21,385 J P MORGAN CHASE & CO COMMON 46625H100 1,932,820 56,334 X X 46,815 0 9,519 JANUS INVT FD ORION F MUTUAL 471023648 252,986 20,788 X 20,788 0 0 JOHNSON CONTROLS INC COMMON 478366107 306,876 10,700 X X 7,800 0 2,900 JOHNSON & JOHNSON COMMON 478160104 23,218,046 360,865 X X 271,469 0 89,396 JULIUS BAER INVT FDS MUTUAL 481370500 472,496 11,935 X 11,935 0 0 KELLOGG CO. COMMON 487836108 4,843,329 100,861 X X 50,956 0 49,905 KIMBERLY CLARK CORP COMMON 494368103 2,448,170 40,953 X 38,253 0 2,700 KINDER MORGAN EGY PTN COMMON 494550106 859,635 15,425 X X 5,325 0 10,100 KOHLS CORP COMMON 500255104 2,830,508 70,692 X 63,142 0 7,550 KONINKLIJKE PHILIPS E COMMON 500472303 328,840 9,729 X 9,729 0 0 KRAFT FOODS INC CL A COMMON 50075N104 1,541,535 54,184 X X 26,707 0 27,477 LEGG MASON INC COMMON 524901105 635,033 14,575 X 9,325 0 5,250 LIBERTY PPTY TR SH BE COMMON 531172104 202,215 6,100 X 5,100 0 1,000 LILLY, ELI AND COMPAN COMMON 532457108 403,423 8,740 X 7,061 0 1,679 LINCOLN NATL CORP COMMON 534187109 2,464,683 54,384 X X 16,207 0 38,177 LOEWS CORP COMMON 540424108 703,500 15,000 X 15,000 0 0 LOWE'S COS INC COMMON 548661107 4,462,725 215,071 X 155,481 0 59,590 L-3 COMMUNICATIONS HO COMMON 502424104 7,319,942 80,554 X X 39,434 0 41,120 MAGELLAN MIDSTREAM PA COMMON 559080106 231,335 6,500 X 3,900 0 2,600 MCDONALD'S CORP COMMON 580135101 4,555,861 81,036 X X 55,158 0 25,878 MCGRAW-HILL COMPANIES COMMON 580645109 240,680 5,999 X 5,999 0 0 MEDCO HEALTH SOLUTION COMMON 58405U102 211,077 4,472 X 2,424 0 2,048 MEDTRONIC INC COMMON 585055106 9,461,162 182,824 X X 134,124 0 48,700 MERCK & CO. INC COMMON 589331107 2,150,038 57,045 X X 42,092 0 14,954 MERITOR SVGS BK PA COMMON 590007100 85,560 23,000 X 2,000 0 21,000 MERRILL LYNCH & CO. I COMMON 590188108 254,473 8,025 X 4,925 0 3,100 METLIFE INC COMMON 59156R108 949,860 18,000 X X 15,300 0 2,700 MICROSOFT CORP COMMON 594918104 10,761,782 391,195 X X 249,763 0 141,432 MOTOROLA INC COMMON 620076109 96,888 13,200 X 10,200 0 3,000 NABORS INDUSTRIES COMMON G6359F103 3,773,578 76,652 X 56,652 0 20,000 NCR CORP NEW COMMON 62886E108 233,100 9,250 X 9,250 0 0 NESTLE S A REG ADR COMMON 641069406 209,136 4,615 X 4,615 0 0 NOBLE CORP COMMON G65422100 14,139,648 217,667 X X 137,352 0 80,315 NOBLE ENERGY COMMON 655044105 522,912 5,200 X 0 0 5,200 NOKIA CORP ADR COMMON 654902204 600,514 24,511 X 16,911 0 7,600 NORDSTROM INC COMMON 655664100 1,850,239 61,064 X X 30,214 0 30,850 NORFOLK SOUTHERN CORP COMMON 655844108 2,605,192 41,570 X X 35,420 0 6,150 NOVARTIS AG SPONSORED COMMON 66987V109 3,586,260 65,157 X 41,522 0 23,635 OCCIDENTAL PETE CORP COMMON 674599105 1,024,404 11,400 X 11,400 0 0 OMNICOM GROUP COMMON 681919106 6,152,689 137,092 X X 91,042 0 46,050 OPTIONSXPRESS HLDGS I COMMON 684010101 837,750 37,500 X 0 0 37,500 ORACLE SYS CORP COMMON 68389X105 5,776,218 275,058 X X 184,258 0 90,800 PEABODY ENERGY CORP COMMON 704549104 352,200 4,000 X 4,000 0 0 PENNSYLVANIA REIT COMMON 709102107 6,434,753 278,079 X X 152,773 0 125,306 PEPSICO INC COMMON 713448108 7,585,950 119,295 X X 91,227 0 28,068 PFIZER INC COMMON 717081103 5,056,657 289,448 X X 240,097 0 49,351 PHILIP MORRIS INTL IN COMMON 718172109 4,665,923 94,471 X X 53,012 0 41,459 PHOTOMEDEX INC COMMON 719358103 11,520 16,000 X 0 0 16,000 PLANTGENIX INC PFD B COMMON 727990251 0 100,000 X 100,000 0 0 PNC FINANCIAL CORP COMMON 693475105 481,467 8,432 X 2,827 0 5,605 PPG INDUSTRIES INC COMMON 693506107 1,074,368 18,727 X X 16,790 0 1,937 PPL CORP COMMON 69351T106 1,630,719 31,198 X X 13,462 0 17,736 PRAXAIR INC COMMON 74005P104 2,565,684 27,225 X X 15,180 0 12,045 PROCTER & GAMBLE CO COMMON 742718109 10,177,587 167,367 X X 143,191 0 24,176 PROGRESS ENERGY INC C COMMON 743263105 632,679 15,125 X X 7,125 0 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 211,000 25,000 X 25,000 0 0 PROTECTED BUY-WRITE 1 PREFERR 61750V840 147,960 18,000 X 15,000 0 3,000 PUBLIC SVC ENTERPRISE COMMON 744573106 558,876 12,168 X 10,548 0 1,620 QUESTAR CORP COMMON 748356102 799,910 11,260 X X 400 0 10,860 RANGE RES CORP COM COMMON 75281A109 454,192 6,930 X 6,930 0 0 RAYMOND JAMES FINANCI COMMON 754730109 4,460,543 169,024 X X 124,799 0 44,225 RAYTHEON CO NEW COMMON 755111507 1,485,229 26,390 X 26,040 0 350 ROHM & HAAS CO. COMMON 775371107 1,448,928 31,200 X 31,200 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 1,260,785 15,430 X X 14,930 0 500 SANDISK CORP COMMON 80004C101 1,689,078 90,325 X 59,075 0 31,250 SBM OFFSHORE NV SHS COMMON N7752F148 1,164,982 31,545 X X 29,145 0 2,400 SCHERING PLOUGH CORP COMMON 806605101 295,074 14,986 X 11,720 0 3,266 SCHLUMBERGER LTD COMMON 806857108 12,405,694 115,477 X X 75,417 0 40,060 SEAGATE TECHNOLOGY COMMON G7945J104 583,465 30,500 X X 19,900 0 10,600 SEI INVTS CO. COMMON 784117103 6,669,237 283,556 X X 161,966 0 121,590 SIGMA ALDRICH CORP COMMON 826552101 538,277 9,994 X 9,994 0 0 SIMON PPTY GROUP INC COMMON 828806109 206,747 2,300 X 2,300 0 0 SPECTRA ENERGY CORP COMMON 847560109 210,463 7,323 X X 4,775 0 2,548 ST JUDE MED INC COMMON 790849103 215,274 5,266 X 4,666 0 600 STAPLES INC COMMON 855030102 2,321,135 97,732 X X 54,617 0 43,115 STATE STREET CORP COMMON 857477103 511,856 7,999 X 7,999 0 0 STERICYCLE INC COM COMMON 858912108 372,240 7,200 X 7,200 0 0 SUNTRUST BKS INC COMMON 867914103 282,806 7,808 X X 2,184 0 5,624 SUPERVALU INC COMMON 868536103 1,299,481 42,068 X X 1,755 0 40,313 SYSCO CORP COMMON 871829107 7,209,023 262,051 X X 162,551 0 99,500 TARGET CORP COMMON 87612E106 679,451 14,615 X X 6,165 0 8,450 TELEFONICA S A ADR COMMON 879382208 455,357 5,722 X X 130 0 5,592 TEMPLETON INCOME TR G MUTUAL 880208103 159,476 14,088 X 14,088 0 0 TERADATA CORP DEL COM COMMON 88076W103 207,103 8,950 X 8,950 0 0 TEVA PHARMACEUTICAL COMMON 881624209 7,994,483 174,552 X 108,627 0 65,925 TEXAS INSTRUMENTS INC COMMON 882508104 1,874,414 66,563 X X 61,563 0 5,000 TEXAS PAC LD COMMON 882610108 292,875 5,500 X 5,500 0 0 TEXTRON INC COMMON 883203101 563,178 11,750 X X 10,550 0 1,200 THERMO FISHER SCIENTI COMMON 883556102 1,869,128 33,539 X 33,539 0 0 TOLL BROTHERS INC COMMON 889478103 222,887 11,900 X X 5,200 0 6,700 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,122,746 43,859 X X 30,624 0 13,235 TRANSOCEAN INC COM NE COMMON G90073100 13,982,840 91,757 X X 58,624 0 33,133 UBS FDS DYNAMIC ALPH MUTUAL 90262H353 102,208 10,303 X 10,303 0 0 ULTRA PETROLEUM CORP COMMON 903914109 5,128,691 52,227 X X 35,867 0 16,360 UNILEVER N V COMMON 904784709 395,669 13,932 X X 4,200 0 9,732 UNION PACIFIC CORP COMMON 907818108 584,068 7,736 X X 1,472 0 6,264 UNITED PARCEL SVC INC COMMON 911312106 764,871 12,443 X 12,425 0 18 UNITED TECHNOLOGIES C COMMON 913017109 3,393,208 54,995 X X 47,293 0 7,702 UNITEDHEALTH GROUP IN COMMON 91324P102 281,925 10,740 X 10,300 0 440 US BANCORP NEW COMMON 902973304 1,053,991 37,791 X X 30,400 0 7,391 V F CORP COMMON 918204108 622,037 8,739 X X 2,088 0 6,651 VANGUARD INDEX FDS TT MUTUAL 922908488 456,736 15,154 X 15,154 0 0 VANGUARD INTERM-TERM MUTUAL 922907878 627,292 48,105 X 25,886 0 22,219 VANGUARD INTL EQUITY MUTUAL 922042775 486,787 9,176 X 6,425 0 2,751 VANGUARD MUN BD FD IN MUTUAL 922907886 309,396 28,808 X 28,808 0 0 VANGUARD PA TAX EXEMP MUTUAL 92204L104 123,595 11,433 X 9,822 0 1,612 VANGUARD TAX-MANAGED MUTUAL 921943866 451,270 7,145 X 7,145 0 0 VANGUARD TAX-MANAGED MUTUAL 921943809 369,245 26,835 X 26,835 0 0 VANGUARD/WINDSOR FD I MUTUAL 922018403 252,943 5,797 X 5,797 0 0 VERIZON COMMUNICATION COMMON 92343V104 2,689,410 75,972 X X 53,288 0 22,684 VODAFONE GROUP PLC NE COMMON 92857W209 313,219 10,632 X 10,632 0 0 WACHOVIA CORP COMMON 929903102 1,250,162 80,500 X X 41,738 0 38,762 WAL MART STORES INC COMMON 931142103 741,390 13,192 X 11,792 0 1,400 WALGREEN COMPANY COMMON 931422109 221,588 6,816 X 5,433 0 1,383 WALLFRIN INDUSTRIES I COMMON 932495104 0 20,000 X 0 0 20,000 WEATHERFORD INTL LTD COMMON G95089101 284,151 5,730 X 5,730 0 0 WELLS FARGO & CO NEW COMMON 949746101 1,629,559 68,613 X X 44,663 0 23,950 WEYERHAEUSER CO COMMON 962166104 442,361 8,650 X 4,200 0 4,450 WILLIAMS COS INC COMMON 969457100 225,736 5,600 X 5,600 0 0 WILLIS GROUP HOLDINGS COMMON G96655108 3,860,706 123,070 X X 71,700 0 51,370 WRIGLEY WM JR CO. COMMON 982526105 345,110 4,437 X 0 0 4,437 WYETH COMMON 983024100 3,806,585 79,370 X X 52,270 0 27,100 XTO ENERGY INC COM COMMON 98385X106 719,835 10,507 X 8,382 0 2,125 YUM BRANDS INC COMMON 988498101 462,346 13,176 X X 12,132 0 1,044
TOWER BRIDGE ADVISORS DISCRETIONARY OWNERSHIP FOR 13F AS OF DATE: 06/30/08 (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 4,522,360 64,986 63,786 1,200 A T & T INC (NEW) COMMON 00206R102 7,897,468 234,416 211,372 23,044 ABBOTT LABS COMMON 002824100 3,324,609 62,764 56,884 5,880 ACCENTURE LTD CL A COMMON G1150G111 9,321,785 228,924 221,024 7,900 AFLAC INC COMMON 001055102 439,537 6,999 6,999 AIM INVT SECS FDS INC MUTUAL 00142C805 70,350 17,243 17,243 AIR PRODS & CHEMS INC COMMON 009158106 6,466,037 65,406 65,406 ALCOA INC COMMON 013817101 1,910,657 53,640 52,440 1,200 ALLETE INC NEW COMMON 018522300 519,792 12,376 12,276 100 ALLIANCEBERNSTEIN HOL COMMON 01881G106 1,276,778 23,350 21,600 1,750 ALTRIA GROUP INC COMMON 02209S103 1,628,578 79,211 41,037 38,174 AMDOCS LTD ORD COMMON G02602103 6,573,340 223,431 220,631 2,800 AMERICAN EXPRESS CO. COMMON 025816109 1,298,749 34,477 33,877 600 AMERICAN INTL GROUP I COMMON 026874107 5,717,739 216,090 204,840 11,250 AMGEN INC COMMON 031162100 1,058,789 22,451 22,151 300 ANADARKO PETROLEUM COMMON 032511107 1,261,054 16,850 16,850 ANHEUSER BUSCH COS IN COMMON 035229103 580,325 9,342 9,342 APACHE CORP COMMON 037411105 2,963,480 21,320 21,120 200 APHTON CORP COMMON 03759P101 5 15,000 15,000 APPLE COMPUTER INC COMMON 037833100 813,926 4,861 4,861 AQUA AMERICA INC COMMON 03836W103 508,038 31,812 31,812 ARCHER DANIELS MIDLAN COMMON 039483102 308,543 9,142 9,142 AUTOMATIC DATA PROCES COMMON 053015103 6,025,152 143,798 138,048 5,750 BANK OF AMERICA CORP COMMON 060505104 3,262,668 136,685 105,797 30,888 BANK OF NEW YORK MELL COMMON 064058100 318,377 8,416 8,416 BAXTER INTERNATIONAL COMMON 071813109 1,211,663 18,950 18,950 BECKMAN COULTER INC COMMON 075811109 927,187 13,730 13,730 BECTON DICKINSON & CO COMMON 075887109 638,205 7,850 7,850 BED BATH & BEYOND INC COMMON 075896100 292,240 10,400 10,400 BERKSHIRE HATHAWAY IN COMMON 084670108 362,250 3 3 BERKSHIRE HATHAWAY (B COMMON 084670207 674,016 168 168 BEST BUY INC COMMON 086516101 734,382 18,545 18,545 BJ SERVICES COMMON 055482103 749,153 23,455 23,455 BLACKROCK INSD MUN TE MUTUAL 092474105 170,850 17,000 17,000 BLACKROCK WORLD INVT COMMON 09250K103 159,547 10,175 10,175 BOEING CO. COMMON 097023105 651,476 9,913 1,913 8,000 BP PLC ADR COMMON 055622104 4,892,441 70,324 64,888 5,436 BRIDGEWAY FD INC ULTR MUTUAL 108747403 164,601 10,737 10,737 BRISTOL MYERS SQUIBB COMMON 110122108 1,035,020 50,415 44,815 5,600 BRYN MAWR BANK CORP COMMON 117665109 230,300 13,160 13,160 BURLINGTON NORTHN SAN COMMON 12189T104 3,172,307 31,758 28,558 3,200 CALVERT MUN BD FD NAT MUTUAL 131616203 118,973 11,429 11,429 CAMPBELL SOUP CO COMMON 134429109 588,896 17,600 17,600 CARNIVAL CORP PAIRED COMMON 143658300 5,406,462 164,031 162,631 1,400 CATERPILLAR INC COMMON 149123101 2,355,227 31,905 31,905 CHESAPEAKE ENERGY COR COMMON 165167107 2,997,156 45,439 43,939 1,500 CHEVRONTEXACO CORP COMMON 166764100 7,461,308 75,268 70,156 5,112 CHUBB CORP COMMON 171232101 240,149 4,900 2,500 2,400 CIGNA CORP COMMON 125509109 359,810 10,167 10,167 CISCO SYSTEMS INC COMMON 17275R102 9,879,848 424,757 396,952 27,805 CITIGROUP INC COMMON 172967101 850,637 50,754 48,425 2,329 CLOROX CO COMMON 189054109 361,798 6,931 6,931 COCA COLA CO. COMMON 191216100 2,745,844 52,825 32,825 20,000 COLGATE PALMOLIVE CO COMMON 194162103 5,872,175 84,981 84,381 600 COMCAST CORP NEW A SP COMMON 20030N200 220,355 11,746 11,746 CONCURRENT COMPUTER C COMMON 206710204 74,436 109,465 108,768 697 CONOCOPHILLIPS COMMON 20825C104 6,027,745 63,860 61,460 2,400 CONSOL ENERGY INC COM COMMON 20854P109 1,432,718 12,750 6,750 6,000 CONSOLIDATED EDISON I COMMON 209115104 212,923 5,447 3,141 2,306 CORNING INC COMMON 219350105 8,015,338 347,737 346,137 1,600 COSTCO WHOLESALE COMMON 22160K105 1,298,158 18,508 18,506 2 CSX CORP COMMON 126408103 200,992 3,200 3,200 CULLEN FROST BANKERS COMMON 229899109 1,163,499 23,340 23,340 CUMMINS ENGINE INC COMMON 231021106 262,539 4,007 4,007 CVS CORP COMMON 126650100 9,544,425 241,204 237,904 3,300 DAKTRONICS INC COM COMMON 234264109 406,426 20,150 20,150 DENTSPLY INTL INC NEW COMMON 249030107 5,520,597 150,016 148,216 1,800 DEVON ENERGY CORP NEW COMMON 25179M103 7,174,754 59,710 58,960 750 DISNEY WALT COMPANY COMMON 254687106 1,882,982 60,352 58,752 1,600 DOMINION RES INC VA N COMMON 25746U109 1,843,847 38,826 34,626 4,200 DU PONT E I DE NEMOUR COMMON 263534109 2,604,495 60,725 56,175 4,550 DUKE ENERGY CORP COMMON 26441C105 1,337,321 76,946 63,450 13,496 E M C CORP MASS COMMON 268648102 3,809,073 259,297 257,997 1,300 EATON VANCE MUNS TR T MUTUAL 27826L330 317,547 30,563 30,563 EBAY INC COMMON 278642103 560,265 20,500 20,500 EDISON INTL COMMON 281020107 338,594 6,590 6,590 EMERSON ELECTRIC CO COMMON 291011104 2,719,997 55,005 53,805 1,200 ENCANA CORP COMMON 292505104 543,852 5,981 5,981 ENSCO INTL INC COMMON 26874Q100 456,181 5,650 1,050 4,600 ENTERGY CORP NEW COMMON 29364G103 421,680 3,500 3,500 ENTERPRISE PRODS PART COMMON 293792107 1,714,954 58,055 55,855 2,200 EQUITABLE RESOURCES I COMMON 294549100 666,912 9,657 9,657 EXELON CORP COMMON 30161N101 793,627 8,822 7,722 1,100 EXXON MOBIL COMMON 30231G102 35,753,516 405,691 378,551 27,140 FEDERATED GOVT INCOME MUTUAL 313912107 124,358 14,180 14,180 FEDEX CORP COMMON 31428X106 8,238,782 104,566 101,966 2,600 FORTUNE BRANDS INC COMMON 349631101 432,252 6,926 6,926 FPL GROUP INC COMMON 302571104 1,913,428 29,177 27,177 2,000 FRANKLIN INVS SECS TR MUTUAL 353612302 101,357 11,427 11,427 FRANKLIN RESOURCES IN COMMON 354613101 7,311,886 79,781 79,481 300 FRANKLIN TAX FREE TR MUTUAL 354723801 740,393 73,598 73,598 GENENTECH INC NEW COMMON 368710406 258,060 3,400 3,400 GENERAL DYNAMICS CORP COMMON 369550108 202,317 2,403 2,403 GENERAL ELECTRIC CO COMMON 369604103 21,246,029 796,030 768,979 27,051 GENERAL MILLS INC COMMON 370334104 1,124,184 18,499 18,499 GENESEE & WYO INC CL COMMON 371559105 260,865 7,668 7,668 GILEAD SCIENCES INC COMMON 375558103 1,192,964 22,530 22,530 GLAXOSMITHKLINE PLC A COMMON 37733W105 1,651,573 37,349 35,949 1,400 GOLDMAN SACHS GROUP I COMMON 38141G104 498,465 2,850 2,850 GOLDMAN SACHS GROUP I PREFERR 38143Y665 2,482,685 138,775 137,675 1,100 GOOGLE INC CL A COMMON 38259P508 586,958 1,115 1,115 HALLIBURTON CO. COMMON 406216101 2,196,302 41,385 41,385 HARLEY DAVIDSON INC COMMON 412822108 283,553 7,820 7,820 HARRIS CORP DEL COMMON 413875105 300,416 5,950 5,950 HCP INC COMMON 40414L109 212,300 6,674 5,074 1,600 HEINZ H J CO. COMMON 423074103 1,032,603 21,580 11,580 10,000 HELMERICH & PAYNE COMMON 423452101 2,472,087 34,325 34,325 HERSHEY FOODS CORP COMMON 427866108 676,383 20,634 20,634 HEWLETT PACKARD CO. COMMON 428236103 1,149,273 25,996 22,621 3,375 HOME DEPOT INC COMMON 437076102 541,055 23,102 23,102 HONEYWELL INTL INC COMMON 438516106 1,051,858 20,920 20,920 HSBC HLDGS PLC ADR SP COMMON 404280406 1,080,819 14,092 14,092 ILLINOIS TOOL WORKS I COMMON 452308109 7,913,931 166,574 165,474 1,100 INGERSOLL-RAND COMPAN COMMON G4776G101 755,337 20,180 20,180 INT'L BUSINESS MACH. COMMON 459200101 8,319,133 70,186 68,839 1,347 INTEL CORP COMMON 458140100 10,062,761 468,471 438,971 29,500 ISHARES TR RUSSL 2000 MUTUAL 464287655 476,445 6,900 6,900 ITT CORP NEW COM COMMON 450911102 3,607,720 56,967 56,467 500 J P MORGAN CHASE & CO COMMON 46625H100 1,932,820 56,334 49,069 7,265 JANUS INVT FD ORION F MUTUAL 471023648 252,986 20,788 20,788 JOHNSON CONTROLS INC COMMON 478366107 306,876 10,700 9,200 1,500 JOHNSON & JOHNSON COMMON 478160104 23,218,046 360,865 348,665 12,200 JULIUS BAER INVT FDS MUTUAL 481370500 472,496 11,935 11,935 KELLOGG CO. COMMON 487836108 4,843,329 100,861 98,211 2,650 KIMBERLY CLARK CORP COMMON 494368103 2,448,170 40,953 40,953 KINDER MORGAN EGY PTN COMMON 494550106 859,635 15,425 14,675 750 KOHLS CORP COMMON 500255104 2,830,508 70,692 70,692 KONINKLIJKE PHILIPS E COMMON 500472303 328,840 9,729 9,729 KRAFT FOODS INC CL A COMMON 50075N104 1,541,535 54,184 29,221 24,963 LEGG MASON INC COMMON 524901105 635,033 14,575 14,575 LIBERTY PPTY TR SH BE COMMON 531172104 202,215 6,100 6,100 LILLY, ELI AND COMPAN COMMON 532457108 403,423 8,740 8,740 LINCOLN NATL CORP COMMON 534187109 2,464,683 54,384 17,228 37,156 LOEWS CORP COMMON 540424108 703,500 15,000 15,000 LOWE'S COS INC COMMON 548661107 4,462,725 215,071 215,071 L-3 COMMUNICATIONS HO COMMON 502424104 7,319,942 80,554 79,004 1,550 MAGELLAN MIDSTREAM PA COMMON 559080106 231,335 6,500 6,500 MCDONALD'S CORP COMMON 580135101 4,555,861 81,036 80,236 800 MCGRAW-HILL COMPANIES COMMON 580645109 240,680 5,999 5,999 MEDCO HEALTH SOLUTION COMMON 58405U102 211,077 4,472 4,472 MEDTRONIC INC COMMON 585055106 9,461,162 182,824 182,674 150 MERCK & CO. INC COMMON 589331107 2,150,038 57,045 50,045 7,000 MERITOR SVGS BK PA COMMON 590007100 85,560 23,000 23,000 MERRILL LYNCH & CO. I COMMON 590188108 254,473 8,025 8,025 METLIFE INC COMMON 59156R108 949,860 18,000 15,300 2,700 MICROSOFT CORP COMMON 594918104 10,761,782 391,195 386,895 4,300 MOTOROLA INC COMMON 620076109 96,888 13,200 13,200 NABORS INDUSTRIES COMMON G6359F103 3,773,578 76,652 76,652 NCR CORP NEW COMMON 62886E108 233,100 9,250 9,250 NESTLE S A REG ADR COMMON 641069406 209,136 4,615 4,615 NOBLE CORP COMMON G65422100 14,139,648 217,667 197,367 20,300 NOBLE ENERGY COMMON 655044105 522,912 5,200 5,200 NOKIA CORP ADR COMMON 654902204 600,514 24,511 24,511 NORDSTROM INC COMMON 655664100 1,850,239 61,064 60,164 900 NORFOLK SOUTHERN CORP COMMON 655844108 2,605,192 41,570 40,220 1,350 NOVARTIS AG SPONSORED COMMON 66987V109 3,586,260 65,157 65,157 OCCIDENTAL PETE CORP COMMON 674599105 1,024,404 11,400 11,400 OMNICOM GROUP COMMON 681919106 6,152,689 137,092 136,392 700 OPTIONSXPRESS HLDGS I COMMON 684010101 837,750 37,500 37,500 ORACLE SYS CORP COMMON 68389X105 5,776,218 275,058 262,058 13,000 PEABODY ENERGY CORP COMMON 704549104 352,200 4,000 4,000 PENNSYLVANIA REIT COMMON 709102107 6,434,753 278,079 277,279 800 PEPSICO INC COMMON 713448108 7,585,950 119,295 112,745 6,550 PFIZER INC COMMON 717081103 5,056,657 289,448 252,677 36,771 PHILIP MORRIS INTL IN COMMON 718172109 4,665,923 94,471 56,297 38,174 PHOTOMEDEX INC COMMON 719358103 11,520 16,000 16,000 PLANTGENIX INC PFD B COMMON 727990251 0 100,000 100,000 PNC FINANCIAL CORP COMMON 693475105 481,467 8,432 8,432 PPG INDUSTRIES INC COMMON 693506107 1,074,368 18,727 17,990 737 PPL CORP COMMON 69351T106 1,630,719 31,198 23,198 8,000 PRAXAIR INC COMMON 74005P104 2,565,684 27,225 26,825 400 PROCTER & GAMBLE CO COMMON 742718109 10,177,587 167,367 161,310 6,057 PROGRESS ENERGY INC C COMMON 743263105 632,679 15,125 7,125 8,000 PROTECTED BUY-WRITE 0 PREFERR 61747S850 211,000 25,000 25,000 PROTECTED BUY-WRITE 1 PREFERR 61750V840 147,960 18,000 18,000 PUBLIC SVC ENTERPRISE COMMON 744573106 558,876 12,168 12,168 QUESTAR CORP COMMON 748356102 799,910 11,260 10,860 400 RANGE RES CORP COM COMMON 75281A109 454,192 6,930 6,930 RAYMOND JAMES FINANCI COMMON 754730109 4,460,543 169,024 167,624 1,400 RAYTHEON CO NEW COMMON 755111507 1,485,229 26,390 26,390 ROHM & HAAS CO. COMMON 775371107 1,448,928 31,200 31,200 ROYAL DUTCH SHELL PLC COMMON 780259206 1,260,785 15,430 15,230 200 SANDISK CORP COMMON 80004C101 1,689,078 90,325 90,325 SBM OFFSHORE NV SHS COMMON N7752F148 1,164,982 31,545 30,645 900 SCHERING PLOUGH CORP COMMON 806605101 295,074 14,986 14,986 SCHLUMBERGER LTD COMMON 806857108 12,405,694 115,477 113,427 2,050 SEAGATE TECHNOLOGY COMMON G7945J104 583,465 30,500 20,200 10,300 SEI INVTS CO. COMMON 784117103 6,669,237 283,556 280,556 3,000 SIGMA ALDRICH CORP COMMON 826552101 538,277 9,994 9,994 SIMON PPTY GROUP INC COMMON 828806109 206,747 2,300 2,300 SPECTRA ENERGY CORP COMMON 847560109 210,463 7,323 5,275 2,048 ST JUDE MED INC COMMON 790849103 215,274 5,266 5,266 STAPLES INC COMMON 855030102 2,321,135 97,732 96,132 1,600 STATE STREET CORP COMMON 857477103 511,856 7,999 7,999 STERICYCLE INC COM COMMON 858912108 372,240 7,200 7,200 SUNTRUST BKS INC COMMON 867914103 282,806 7,808 6,205 1,603 SUPERVALU INC COMMON 868536103 1,299,481 42,068 1,755 40,313 SYSCO CORP COMMON 871829107 7,209,023 262,051 260,701 1,350 TARGET CORP COMMON 87612E106 679,451 14,615 12,165 2,450 TELEFONICA S A ADR COMMON 879382208 455,357 5,722 2,519 3,203 TEMPLETON INCOME TR G MUTUAL 880208103 159,476 14,088 14,088 TERADATA CORP DEL COM COMMON 88076W103 207,103 8,950 8,950 TEVA PHARMACEUTICAL COMMON 881624209 7,994,483 174,552 174,552 TEXAS INSTRUMENTS INC COMMON 882508104 1,874,414 66,563 62,663 3,900 TEXAS PAC LD COMMON 882610108 292,875 5,500 5,500 TEXTRON INC COMMON 883203101 563,178 11,750 10,550 1,200 THERMO FISHER SCIENTI COMMON 883556102 1,869,128 33,539 33,539 TOLL BROTHERS INC COMMON 889478103 222,887 11,900 9,300 2,600 TOYOTA MTR CORP ADR 1 COMMON 892331307 4,122,746 43,859 43,584 275 TRANSOCEAN INC COM NE COMMON G90073100 13,982,840 91,757 91,140 617 UBS FDS DYNAMIC ALPH MUTUAL 90262H353 102,208 10,303 10,303 ULTRA PETROLEUM CORP COMMON 903914109 5,128,691 52,227 49,227 3,000 UNILEVER N V COMMON 904784709 395,669 13,932 12,861 1,071 UNION PACIFIC CORP COMMON 907818108 584,068 7,736 4,648 3,088 UNITED PARCEL SVC INC COMMON 911312106 764,871 12,443 12,443 UNITED TECHNOLOGIES C COMMON 913017109 3,393,208 54,995 48,575 6,420 UNITEDHEALTH GROUP IN COMMON 91324P102 281,925 10,740 10,740 US BANCORP NEW COMMON 902973304 1,053,991 37,791 32,991 4,800 V F CORP COMMON 918204108 622,037 8,739 8,139 600 VANGUARD INDEX FDS TT MUTUAL 922908488 456,736 15,154 15,154 VANGUARD INTERM-TERM MUTUAL 922907878 627,292 48,105 48,105 VANGUARD INTL EQUITY MUTUAL 922042775 486,787 9,176 9,176 VANGUARD MUN BD FD IN MUTUAL 922907886 309,396 28,808 28,808 VANGUARD PA TAX EXEMP MUTUAL 92204L104 123,595 11,433 11,433 VANGUARD TAX-MANAGED MUTUAL 921943866 451,270 7,145 7,145 VANGUARD TAX-MANAGED MUTUAL 921943809 369,245 26,835 26,835 VANGUARD/WINDSOR FD I MUTUAL 922018403 252,943 5,797 5,797 VERIZON COMMUNICATION COMMON 92343V104 2,689,410 75,972 59,715 16,257 VODAFONE GROUP PLC NE COMMON 92857W209 313,219 10,632 10,632 WACHOVIA CORP COMMON 929903102 1,250,162 80,500 72,000 8,500 WAL MART STORES INC COMMON 931142103 741,390 13,192 13,192 WALGREEN COMPANY COMMON 931422109 221,588 6,816 6,816 WALLFRIN INDUSTRIES I COMMON 932495104 0 20,000 20,000 WEATHERFORD INTL LTD COMMON G95089101 284,151 5,730 5,730 WELLS FARGO & CO NEW COMMON 949746101 1,629,559 68,613 58,713 9,900 WEYERHAEUSER CO COMMON 962166104 442,361 8,650 8,650 WILLIAMS COS INC COMMON 969457100 225,736 5,600 5,600 WILLIS GROUP HOLDINGS COMMON G96655108 3,860,706 123,070 122,170 900 WRIGLEY WM JR CO. COMMON 982526105 345,110 4,437 4,437 WYETH COMMON 983024100 3,806,585 79,370 58,381 20,989 XTO ENERGY INC COM COMMON 98385X106 719,835 10,507 10,507 YUM BRANDS INC COMMON 988498101 462,346 13,176 12,376 800
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