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
AEROVIRONMENT INC Common 008073108 10,755 357,660 SH   SOLE None 357,660 0 0
AMERICAN INTL GROUP Common 026874784 240 4,450 SH   SOLE None 4,450 0 0
APACHE CORP Common 037411105 11,969 127,510 SH   SOLE None 127,510 0 0
APPLE COMPUTER INC Common 037833100 350 3,474 SH   SOLE None 3,474 0 0
BANK MONTREAL QUE COM Common 063671101 853 11,590 SH   SOLE None 11,590 0 0
1/100 SHARE BERKSHIRE HATHAWAY Common 084670108 1,862 9 SH   SOLE None 9 0 0
BERKSHIRE HATHAWAY (CLASS B) Common 084670702 17,940 129,870 SH   SOLE None 129,870 0 0
BRISTOL MYERS SQUIBB Common 110122108 1,151 22,487 SH   SOLE None 22,487 0 0
BROOKFIELD ASSET MGMT Common 112585104 16,507 367,142 SH   SOLE None 367,142 0 0
CAMPBELL SOUP COMPANY Common 134429109 235 5,510 SH   SOLE None 5,510 0 0
CARNIVAL CORP Common 143658300 13,199 328,571 SH   SOLE None 328,571 0 0
CHEVRON TEXACO CORPORATION Common 166764100 837 7,018 SH   SOLE None 7,018 0 0
CONAGRA INCORPORATED Common 205887102 328 9,925 SH   SOLE None 9,925 0 0
DISNEY WALT CO Common 254687106 14,720 165,335 SH   SOLE None 165,335 0 0
ENTERPRISE PRODS PARTN COM Common 293792107 496 12,312 SH   SOLE None 12,312 0 0
HERSHEY FOODS CORP Common 427866108 503 5,270 SH   SOLE None 5,270 0 0
ILLUMINA INC COM Common 452327109 208 1,270 SH   SOLE None 1,270 0 0
ISHARES TR BARCLAYS 1-3 YEAR C Common 464288646 1,411 13,403 SH   SOLE None 13,403 0 0
JOHNSON & JOHNSON Common 478160104 282 2,645 SH   SOLE None 2,645 0 0
JOY GLOBAL INC Common 481165108 10,972 201,171 SH   SOLE None 201,171 0 0
KIMBERLY CLARK CORP Common 494368103 759 7,055 SH   SOLE None 7,055 0 0
KINDER MORGAN ENERGY UT LTD PA Common 494550106 405 4,340 SH   SOLE None 4,340 0 0
MAGELLAN MIDSTREAM PARTNERS Common 559080106 369 4,380 SH   SOLE None 4,380 0 0
MATTEL INC Common 577081102 9,311 303,770 SH   SOLE None 303,770 0 0
MEDTRONIC INC Common 585055106 23,850 384,987 SH   SOLE None 384,987 0 0
MONDELEZ INTL INC CL A Common 609207105 231 6,735 SH   SOLE None 6,735 0 0
NORDSTROM INC Common 655664100 12,731 186,211 SH   SOLE None 186,211 0 0
PEPSICO INC Common 713448108 213 2,285 SH   SOLE None 2,285 0 0
PLAINS ALL AM PIPELINE UNIT LT Common 726503105 681 11,570 SH   SOLE None 11,570 0 0
PROCTER & GAMBLE CO Common 742718109 212 2,532 SH   SOLE None 2,532 0 0
QUALCOMM Common 747525103 11,721 156,755 SH   SOLE None 156,755 0 0
REYNOLDS AMERICAN INC COM Common 761713106 904 15,330 SH   SOLE None 15,330 0 0
GAP INC DEL Common 780259206 11,035 264,680 SH   SOLE None 264,680 0 0
THE SOUTHERN COMPANY Common 842587107 247 5,660 SH   SOLE None 5,660 0 0
TECO ENERGY INC Common 872375100 204 11,725 SH   SOLE None 11,725 0 0
UNION PAC CORP Common 907818108 403 3,716 SH   SOLE None 3,716 0 0
UNITED TECHNOLOGIES CP Common 913017109 453 4,293 SH   SOLE None 4,293 0 0
WELLS FARGO & CO Common 949746101 13,982 269,550 SH   SOLE None 269,550 0 0
YAHOO! INC Common 984332106 6,410 157,300 SH   SOLE None 157,300 0 0
NOVAGOLD RES INC NEW F Common 66987E206 70 23,000 SH   SOLE None 23,000 0 0
B C E INC NEW F Common 05534B760 11,372 265,940 SH   SOLE None 265,940 0 0
CISCO SYSTEMS Common 17275R102 12,201 484,742 SH   SOLE None 484,742 0 0
CIVITAS SOLUTIONS INC COM Common 17887R102 219 14,000 SH   SOLE None 14,000 0 0
CONOCO PHILLIPS Common 20825C104 227 2,966 SH   SOLE None 2,966 0 0
ENERGY TRANSFER PARTNERS LP UN Common 29273R109 345 5,394 SH   SOLE None 5,394 0 0
ENERGY TRANSFER EQUITY COM UT Common 29273V100 283 4,580 SH   SOLE None 4,580 0 0
EXXON MOBIL CORPORATION Common 30231G102 1,095 11,648 SH   SOLE None 11,648 0 0
FREEPORT MCMORAN COPPER Common 35671D857 258 7,892 SH   SOLE None 7,892 0 0
GOOGLE INC CLASS C NON VOTING Common 38259P706 5,786 10,022 SH   SOLE None 10,022 0 0
ISHARES SILVER TRUST ISHARES Common 46428Q109 285 17,402 SH   SOLE None 17,402 0 0
MASTERCARD INC Common 57636Q104 12,905 174,578 SH   SOLE None 174,578 0 0
ORACLE CORPORATION Common 68389X105 11,713 305,970 SH   SOLE None 305,970 0 0
POTASH CORP SASK INC Common 73755L107 21,247 614,797 SH   SOLE None 614,797 0 0
POWERSHARES ETF CHINESE YUAN D Common 73937B753 3,579 144,040 SH   SOLE None 144,040 0 0
SPDR - S&P500 INDEX Common 78462F103 492 2,495 SH   SOLE None 2,495 0 0
SPDR GOLD TRUST Common 78463V107 21,175 182,213 SH   SOLE None 182,213 0 0
SPDR INTL INFLATION GOVT ETF Common 78464A490 8,131 138,452 SH   SOLE None 138,452 0 0
SPDR SERIES TRUST KBW REGL BKG Common 78464A698 23,167 611,901 SH   SOLE None 611,901 0 0
STATOIL ASA Common 85771P102 857 31,570 SH   SOLE None 31,570 0 0
MINNESOTA MNG & MFG CO Common 88579Y101 231 1,630 SH   SOLE None 1,630 0 0
UNITEDHEALTH GROUP INC COM Common 91324P102 29,197 338,511 SH   SOLE None 338,511 0 0
VENTAS INC COM Common 92276F100 12,079 194,981 SH   SOLE None 194,981 0 0
WELLPOINT HEALTH NETWORKS NEW Common 94973V107 14,610 122,140 SH   SOLE None 122,140 0 0
XCEL ENERGY INC Common 98389B100 225 7,400 SH   SOLE None 7,400 0 0
FRONTLINE LTD SHS Common G3682E127 26 21,000 SH   SOLE None 21,000 0 0
LYONDELLBASELL INDS FCLASS A Common N53745100 16,230 149,369 SH   SOLE None 149,369 0 0