Vaughan David Investments 13F-HR Quarterly holdings report by institutional manager

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
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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
3M COMPANY	COM	88579Y101	25,857	135,705	SH		SOLE		132,130	0	3,575
ABBOTT LABORATORIES	COM	002824100	33,698	465,893	SH		SOLE		452,265	0	13,628
ABBVIE INC	COM	00287y109	2,007	21,770	SH		SOLE		21,170	0	600
ACCENTURE PLC-CL A	COM	g1151c101	297	2,105	SH		SOLE		2,093	0	12
AFFILIATED MANAGERS GROUP INC	COM	008252108	9,361	96,073	SH		SOLE		92,883	0	3,190
AFLAC INC	COM	001055102	22,664	497,459	SH		SOLE		482,134	0	15,325
ALERIAN MLP ETF	COM	00162q866	14,120	1,617,430	SH		SOLE		1,560,780	0	56,650
ALLIANT ENERGY CORP	COM	018802108	23,001	544,395	SH		SOLE		527,070	0	17,325
ALLSTATE CORP	COM	020002101	18,905	228,792	SH		SOLE		221,823	0	6,969
ALPHABET INC CL A	COM	02079k305	362	346	SH		SOLE		346	0	0
ALPHABET INC CL C	COM	02079k107	374	361	SH		SOLE		356	0	5
ALTRIA GROUP INC	COM	02209S103	430	8,700	SH		SOLE		8,700	0	0
AMAZON.COM INC	COM	023135106	470	313	SH		SOLE		310	0	3
AMEREN CORPORATION	COM	023608102	736	11,281	SH		SOLE		11,081	0	200
AMERICAN ELECTRIC POWER	COM	025537101	25,928	346,915	SH		SOLE		336,615	0	10,300
AMERICAN EXPRESS CO	COM	025816109	23,808	249,764	SH		SOLE		243,464	0	6,300
AMERISOURCE BERGEN CORP	COM	03073E105	14,443	194,133	SH		SOLE		187,358	0	6,775
AMGEN INC	COM	031162100	32,445	166,666	SH		SOLE		162,591	0	4,075
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	1,796	11,384	SH		SOLE		10,087	0	1,297
AT&T INC	COM	00206R102	36,380	1,274,718	SH		SOLE		1,235,936	0	38,782
AUTOMATIC DATA PROCESSING	COM	053015103	479	3,652	SH		SOLE		3,597	0	55
BANK OF AMERICA CORP	COM	060505104	640	25,961	SH		SOLE		25,961	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	19,768	419,966	SH		SOLE		406,966	0	13,000
BAXTER INTERNATIONAL INC	COM	071813109	728	11,061	SH		SOLE		11,061	0	0
BB & T CORPORATION	COM	054937107	20,912	482,733	SH		SOLE		469,958	0	12,775
BECTON DICKINSON & CO	COM	075887109	377	1,671	SH		SOLE		1,666	0	5
BERKSHIRE HATHAWAY CL A 1/100	COM	084990175	306	100	SH		SOLE		100	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,286	6,298	SH		SOLE		6,218	0	80
BLACKROCK INC	COM	09247x101	20,102	51,173	SH		SOLE		50,107	0	1,066
BOEING CO	COM	097023105	6,342	19,664	SH		SOLE		19,664	0	0
BP PLC-SPONS ADR	COM	055622104	729	19,234	SH		SOLE		16,749	0	2,485
BRINKER INTL INC	COM	109641100	18,490	420,424	SH		SOLE		407,464	0	12,960
BRISTOL MYERS SQUIBB CO	COM	110122108	569	10,956	SH		SOLE		10,956	0	0
BROWN & BROWN INC	COM	115236101	5,512	200,000	SH		SOLE		200,000	0	0
CATERPILLAR INC	COM	149123101	7,775	61,187	SH		SOLE		61,006	0	181
CHEVRON CORPORATION	COM	166764100	23,612	217,040	SH		SOLE		210,648	0	6,392
CISCO SYSTEMS INC	COM	17275R102	41,101	948,560	SH		SOLE		919,675	0	28,885
CLOROX COMPANY	COM	189054109	361	2,341	SH		SOLE		2,326	0	15
COCA COLA CO	COM	191216100	22,777	481,035	SH		SOLE		469,160	0	11,875
COLGATE PALMOLIVE CO	COM	194162103	16,011	268,998	SH		SOLE		261,479	0	7,519
COMCAST CORP CLASS A	COM	20030N101	567	16,646	SH		SOLE		16,577	0	69
COMMERCE BANCSHARES INC	COM	200525103	1,118	19,825	SH		SOLE		19,825	0	0
CONOCOPHILLIPS	COM	20825C104	25,082	402,277	SH		SOLE		391,752	0	10,525
CONSOLIDATED EDISON INC	COM	209115104	4,921	64,364	SH		SOLE		64,164	0	200
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,028	10,382	SH		SOLE		10,382	0	0
CONSUMER STAPLES SELECT SECTOR SPDR	COM	81369y308	328	6,450	SH		SOLE		6,450	0	0
COSTCO WHOLESALE CORP	COM	22160K105	396	1,943	SH		SOLE		1,913	0	30
CSX CORP	COM	126408103	851	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	15,264	232,967	SH		SOLE		223,817	0	9,150
DARDEN RESTAURANTS INC	COM	237194105	644	6,450	SH		SOLE		6,450	0	0
DEERE & CO	COM	244199105	32,940	220,819	SH		SOLE		214,644	0	6,175
DISCOVER FINANCIAL SERVICES	COM	254709108	19,343	327,951	SH		SOLE		318,076	0	9,875
DOMINION ENERGY INC	COM	25746U109	20,103	281,318	SH		SOLE		271,743	0	9,575
DOWDUPONT INC	COM	26078j100	792	14,808	SH		SOLE		14,808	0	0
DTE ENERGY COMPANY	COM	233331107	21,204	192,239	SH		SOLE		186,239	0	6,000
DUKE ENERGY HOLDING CORP	COM	26441c204	22,374	259,258	SH		SOLE		249,376	0	9,882
EDISON INTERNATIONAL	COM	281020107	312	5,490	SH		SOLE		5,490	0	0
ELI LILLY & CO	COM	532457108	383	3,310	SH		SOLE		3,310	0	0
EMERSON ELECTRIC CO	COM	291011104	272	4,549	SH		SOLE		4,549	0	0
ENBRIDGE INC	COM	29250n105	17,152	551,854	SH		SOLE		533,180	0	18,674
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,423	24,804	SH		SOLE		19,567	0	5,237
ENTERPRISE PRODUCTS	COM	293792107	1,668	67,840	SH		SOLE		67,840	0	0
EVERGY INC	COM	30034w106	20,225	356,255	SH		SOLE		342,825	0	13,430
EVERSOURCE ENERGY	COM	30040w108	24,749	380,515	SH		SOLE		369,115	0	11,400
EXELON CORPORATION	COM	30161N101	336	7,445	SH		SOLE		7,298	0	147
EXXON MOBIL CORPORATION	COM	30231g102	20,784	304,794	SH		SOLE		297,538	0	7,256
FACEBOOK INC A	COM	30303m102	309	2,354	SH		SOLE		1,791	0	563
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	1,812	76,064	SH		SOLE		56,625	0	19,439
FIRSTENERGY CORP	COM	337932107	23,316	620,934	SH		SOLE		598,984	0	21,950
GARRETT MOTION INC	COM	366505105	237	19,191	SH		SOLE		18,801	0	390
GENERAL DYNAMICS CORP	COM	369550108	23,039	146,548	SH		SOLE		142,951	0	3,597
GENERAL ELECTRIC CO	COM	369604103	591	78,103	SH		SOLE		74,291	0	3,812
GENERAL MILLS INC	COM	370334104	17,097	439,056	SH		SOLE		424,506	0	14,550
GENUINE PARTS CO	COM	372460105	21,826	227,307	SH		SOLE		220,457	0	6,850
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	1,395	16,120	SH		SOLE		16,120	0	0
HOME DEPOT INC	COM	437076102	1,446	8,415	SH		SOLE		8,091	0	324
HONEYWELL INTERNATL INC	COM	438516106	30,821	233,280	SH		SOLE		227,825	0	5,455
IBERIABANK CORP	COM	450828108	282	4,394	SH		SOLE		4,394	0	0
ILLINOIS TOOL WORKS	COM	452308109	353	2,790	SH		SOLE		2,720	0	70
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	728	11,295	SH		SOLE		11,295	0	0
INTEL CORPORATION	COM	458140100	41,064	875,001	SH		SOLE		848,541	0	26,460
INTL BUSINESS MACHINES CORP	COM	459200101	19,758	173,819	SH		SOLE		168,794	0	5,025
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	627	13,296	SH		SOLE		13,296	0	0
ISHARES MSCI ALL COUNTRY ASIA	COM	464288182	238	3,739	SH		SOLE		0	0	3,739
ISHARES MSCI EAFE ETF	COM	464287465	4,618	78,563	SH		SOLE		77,751	0	812
ISHARES RUSSELL 3000 ETF	COM	464287689	8,048	54,775	SH		SOLE		54,775	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	256	5,500	SH		SOLE		5,500	0	0
ISHARES S&P500 VALUE INDEX ETF	COM	464287408	260	2,570	SH		SOLE		2,452	0	118
JOHNSON & JOHNSON	COM	478160104	35,794	277,366	SH		SOLE		268,184	0	9,182
JP MORGAN CHASE & CO	COM	46625H100	37,425	383,377	SH		SOLE		372,864	0	10,513
KIMBERLY CLARK CORP	COM	494368103	22,562	198,016	SH		SOLE		192,296	0	5,720
KINDER MORGAN INC	COM	49456b101	205	13,358	SH		SOLE		12,558	0	800
KROGER CO	COM	501044101	15,877	577,358	SH		SOLE		560,733	0	16,625
LOCKHEED MARTIN CORP	COM	539830109	256	977	SH		SOLE		977	0	0
LOWES COS INC	COM	548661107	542	5,869	SH		SOLE		5,851	0	18
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	1,278	22,400	SH		SOLE		22,400	0	0
MARATHON PETROLEUM CORP	COM	56585a102	14,398	243,992	SH		SOLE		234,399	0	9,593
MARSH & MCLENNAN COS	COM	571748102	22,346	280,206	SH		SOLE		272,402	0	7,804
MATTEL INC	COM	577081102	126	12,619	SH		SOLE		12,119	0	500
MCCORMICK & CO INC	COM	579780206	28,646	205,733	SH		SOLE		200,458	0	5,275
MCDONALDS CORPORATION	COM	580135101	1,192	6,712	SH		SOLE		6,553	0	159
MEDTRONIC PLC	COM	g5960l103	816	8,968	SH		SOLE		8,675	0	293
MERCK AND CO INC NEW	COM	58933y105	18,054	236,278	SH		SOLE		226,627	0	9,651
METLIFE INC	COM	59156R108	16,446	400,541	SH		SOLE		387,273	0	13,268
MICROSOFT CORP	COM	594918104	56,880	560,008	SH		SOLE		545,301	0	14,707
NATIONAL FUEL GAS CO	COM	636180101	469	9,154	SH		SOLE		8,554	0	600
NATIONAL GRID PLC	COM	636274409	12,554	261,646	SH		SOLE		248,107	0	13,539
NESTLE SA SPONSORED ADR	COM	641069406	224	2,767	SH		SOLE		2,767	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	429	9,400	SH		SOLE		9,400	0	0
NEXTERA ENERGY INC	COM	65339f101	28,184	162,142	SH		SOLE		155,842	0	6,300
NORFOLK SOUTHERN CORP	COM	655844108	14,706	98,340	SH		SOLE		93,303	0	5,037
OGE ENERGY CORP	COM	670837103	389	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	27,276	604,116	SH		SOLE		591,087	0	13,029
PEPSICO INC	COM	713448108	26,737	242,006	SH		SOLE		235,941	0	6,065
PFIZER INC	COM	717081103	31,656	725,234	SH		SOLE		703,931	0	21,303
PHILIP MORRIS INTL	COM	718172109	14,940	223,781	SH		SOLE		217,617	0	6,164
PHILLIPS 66	COM	718546104	555	6,446	SH		SOLE		6,446	0	0
PNC FINANCIAL SERVICES GROUP	COM	693475105	22,151	189,469	SH		SOLE		185,179	0	4,290
PORTLAND GENERAL ELECTRIC CO	COM	736508847	21,010	458,231	SH		SOLE		443,956	0	14,275
PPG INDUSTRIES INC	COM	693506107	20,463	200,164	SH		SOLE		194,914	0	5,250
PROCTER & GAMBLE CO	COM	742718109	25,580	278,290	SH		SOLE		270,389	0	7,901
QUALCOMM INC	COM	747525103	19,616	344,682	SH		SOLE		331,245	0	13,437
RAYTHEON COMPANY	COM	755111507	246	1,607	SH		SOLE		1,598	0	9
RESIDEO TECHNOLOGIES INC	COM	76118y104	695	33,824	SH		SOLE		33,066	0	758
RLI CORP	COM	749607107	142,166	2,060,676	SH		SOLE		2,060,676	0	0
ROYAL CARIBBEAN CRUISE	COM	v7780t103	17,142	175,290	SH		SOLE		170,035	0	5,255
ROYAL DUTCH SHELL PLC A	COM	780259206	441	7,570	SH		SOLE		7,570	0	0
ROYAL DUTCH SHELL PLC B ADR	COM	780259107	20,828	347,484	SH		SOLE		336,259	0	11,225
RPM INTERNATIONAL INC	COM	749685103	25,421	432,474	SH		SOLE		420,949	0	11,525
S&P GLOBAL INC	COM	78409v104	26,310	154,822	SH		SOLE		150,677	0	4,145
SCANA CORP	COM	80589M102	218	4,566	SH		SOLE		4,566	0	0
SCHLUMBERGER LTD	COM	806857108	9,308	257,972	SH		SOLE		249,471	0	8,501
SCHWAB US AGGREGATE BOND ETF	COM	808524839	2,212	43,724	SH		SOLE		15,284	0	28,440
SCHWAB US DVD EQUITY ETF	COM	808524797	3,188	67,880	SH		SOLE		48,122	0	19,758
SCHWAB US LARGE GROWTH ETF	COM	808524300	299	4,339	SH		SOLE		4,339	0	0
SEMPRA ENERGY	COM	816851109	252	2,328	SH		SOLE		2,328	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	15,454	555,914	SH		SOLE		535,714	0	20,200
SOUTHERN CO	COM	842587107	20,834	474,359	SH		SOLE		459,109	0	15,250
SPDR DJIA TRUST	COM	78467x109	295	1,265	SH		SOLE		1,265	0	0
SPDR GOLD TRUST	COM	78463v107	202	1,670	SH		SOLE		1,655	0	15
SPDR S&P 500 ETF TRUST	COM	78462f103	1,755	7,023	SH		SOLE		2,508	0	4,515
STANLEY BLACK & DECKER INC.	COM	854502101	371	3,099	SH		SOLE		3,099	0	0
STARBUCKS CORP	COM	855244109	266	4,130	SH		SOLE		4,104	0	26
STRYKER CORP	COM	863667101	633	4,038	SH		SOLE		4,038	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	19,641	212,749	SH		SOLE		206,624	0	6,125
TARGET CORP	COM	87612E106	20,752	313,991	SH		SOLE		304,940	0	9,051
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	873	14,087	SH		SOLE		14,087	0	0
TEXAS INSTRUMENTS INC	COM	882508104	34,474	364,805	SH		SOLE		355,880	0	8,925
THE HERSHEY COMPANY	COM	427866108	219	2,040	SH		SOLE		2,040	0	0
THE WALT DISNEY CO	COM	254687106	32,684	298,074	SH		SOLE		290,603	0	7,471
TRANSCANADA CORP	COM	89353d107	16,151	452,411	SH		SOLE		437,861	0	14,550
TRAVELERS COMPANIES INC	COM	89417e109	1,320	11,020	SH		SOLE		11,020	0	0
UNION PACIFIC CORP	COM	907818108	955	6,908	SH		SOLE		6,738	0	170
UNITED PARCEL SERVICE B	COM	911312106	22,144	227,046	SH		SOLE		220,917	0	6,129
UNITED TECHNOLOGIES CORP	COM	913017109	21,266	199,721	SH		SOLE		194,667	0	5,054
UNITEDHEALTH GROUP	COM	91324P102	41,855	168,011	SH		SOLE		164,234	0	3,777
US BANCORP	COM	902973304	21,435	469,039	SH		SOLE		456,473	0	12,566
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	1,492	28,195	SH		SOLE		17,450	0	10,745
VALHI INC	COM	918905100	22	11,421	SH		SOLE		11,421	0	0
VanEck Vectors Oil Refiners ETF	COM	92189f585	378	14,100	SH		SOLE		13,100	0	1,000
VANECK VECTORS OIL SERVICE	COM	92189f718	3,682	262,410	SH		SOLE		254,010	0	8,400
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	2,654	27,095	SH		SOLE		17,951	0	9,144
VANGUARD EXTENDED MARKET ETF	COM	922908652	216	2,169	SH		SOLE		2,169	0	0
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,138	29,856	SH		SOLE		29,856	0	0
VANGUARD S&P 500 ETF	COM	922908363	889	3,867	SH		SOLE		890	0	2,977
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	1,818	23,329	SH		SOLE		9,915	0	13,414
VECTREN CORPORATION	COM	92240g101	14,651	203,544	SH		SOLE		201,244	0	2,300
VERIZON COMMUNICATIONS	COM	92343v104	38,486	684,568	SH		SOLE		655,847	0	28,721
WALGREENS BOOTS ALLIANCE INC	COM	931427108	550	8,055	SH		SOLE		7,900	0	155
WALMART INC	COM	931142103	884	9,488	SH		SOLE		9,322	0	166
WEC ENERGY GROUP INC	COM	92939u106	420	6,066	SH		SOLE		6,066	0	0
WELLS FARGO & COMPANY	COM	949746101	22,046	478,430	SH		SOLE		466,810	0	11,620
WESTERN ASSET MGD MUNI	COM	95766m105	224	17,661	SH		SOLE		0	0	17,661
WESTERN DIGITAL CORP	COM	958102105	9,815	265,485	SH		SOLE		252,885	0	12,600
WILLIAMS COS INC	COM	969457100	10,992	498,521	SH		SOLE		481,921	0	16,600
WORTHINGTON INDUSTRIES INC	COM	981811102	560	16,076	SH		SOLE		16,076	0	0
XCEL ENERGY	COM	98389B100	25,419	515,906	SH		SOLE		493,904	0	22,002