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	28,714	138,194	SH		SOLE		133,699	0	4,495
ABBOTT LABORATORIES	COM	002824100	36,162	452,368	SH		SOLE		436,540	0	15,828
ABBVIE INC	COM	00287y109	1,795	22,268	SH		SOLE		21,779	0	489
ACCENTURE PLC-CL A	COM	g1151c101	373	2,120	SH		SOLE		2,120	0	0
AFFILIATED MANAGERS GROUP INC	COM	008252108	10,983	102,543	SH		SOLE		99,053	0	3,490
AFLAC INC	COM	001055102	25,050	500,999	SH		SOLE		481,349	0	19,650
ALERIAN MLP ETF	COM	00162q866	16,525	1,647,510	SH		SOLE		1,580,410	0	67,100
ALLIANT ENERGY CORP	COM	018802108	25,546	542,035	SH		SOLE		521,435	0	20,600
ALLSTATE CORP	COM	020002101	21,715	230,572	SH		SOLE		222,531	0	8,041
ALPHABET INC CL A	COM	02079k305	418	355	SH		SOLE		355	0	0
ALPHABET INC CL C	COM	02079k107	363	309	SH		SOLE		309	0	0
ALTRIA GROUP INC	COM	02209S103	350	6,100	SH		SOLE		6,100	0	0
AMAZON.COM INC	COM	023135106	452	254	SH		SOLE		254	0	0
AMEREN CORPORATION	COM	023608102	859	11,685	SH		SOLE		11,485	0	200
AMERICAN ELECTRIC POWER	COM	025537101	28,626	341,799	SH		SOLE		329,624	0	12,175
AMERICAN EXPRESS CO	COM	025816109	27,135	248,266	SH		SOLE		239,991	0	8,275
AMERISOURCE BERGEN CORP	COM	03073E105	15,715	197,621	SH		SOLE		189,496	0	8,125
AMGEN INC	COM	031162100	31,979	168,329	SH		SOLE		163,464	0	4,865
ANTS SOFTWARE INC	COM	037271103	0	46,666	SH		SOLE		46,666	0	0
APPLE INC	COM	037833100	2,239	11,786	SH		SOLE		10,624	0	1,162
AT&T INC	COM	00206R102	40,579	1,293,981	SH		SOLE		1,249,573	0	44,408
AUTOMATIC DATA PROCESSING	COM	053015103	599	3,752	SH		SOLE		3,727	0	25
BANK OF AMERICA CORP	COM	060505104	698	25,281	SH		SOLE		25,281	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	20,951	415,451	SH		SOLE		400,351	0	15,100
BAXTER INTERNATIONAL INC	COM	071813109	899	11,061	SH		SOLE		11,061	0	0
BB & T CORPORATION	COM	054937107	22,666	487,123	SH		SOLE		472,598	0	14,525
BECTON DICKINSON & CO	COM	075887109	420	1,681	SH		SOLE		1,681	0	0
BERKSHIRE HATHAWAY CL A 1/100	COM	084990175	301	100	SH		SOLE		100	0	0
BERKSHIRE HATHAWAY CL B	COM	084670702	1,262	6,283	SH		SOLE		6,218	0	65
BLACKROCK INC	COM	09247x101	22,149	51,826	SH		SOLE		50,605	0	1,221
BOEING CO	COM	097023105	7,168	18,792	SH		SOLE		18,792	0	0
BP PLC-SPONS ADR	COM	055622104	841	19,234	SH		SOLE		16,749	0	2,485
BRINKER INTL INC	COM	109641100	18,887	425,574	SH		SOLE		410,389	0	15,185
BRISTOL MYERS SQUIBB CO	COM	110122108	517	10,840	SH		SOLE		10,740	0	100
BROWN & BROWN INC	COM	115236101	5,902	200,000	SH		SOLE		200,000	0	0
CATERPILLAR INC	COM	149123101	8,301	61,265	SH		SOLE		61,250	0	15
CHARLES SCHWAB CORP	COM	808513105	16,314	381,519	SH		SOLE		366,844	0	14,675
CHARTER COMMUNICATIONS (NEW)	COM	16119p108	212	612	SH		SOLE		612	0	0
CHEVRON CORPORATION	COM	166764100	27,029	219,423	SH		SOLE		211,998	0	7,425
CISCO SYSTEMS INC	COM	17275R102	51,368	951,433	SH		SOLE		919,763	0	31,670
CITIGROUP INC	COM	172967424	238	3,833	SH		SOLE		3,833	0	0
CLOROX COMPANY	COM	189054109	362	2,257	SH		SOLE		2,042	0	215
COCA COLA CO	COM	191216100	22,934	489,421	SH		SOLE		474,671	0	14,750
COLGATE PALMOLIVE CO	COM	194162103	18,753	273,604	SH		SOLE		264,504	0	9,100
COMCAST CORP CLASS A	COM	20030N101	609	15,225	SH		SOLE		15,225	0	0
COMMERCE BANCSHARES INC	COM	200525103	1,141	19,652	SH		SOLE		13,831	0	5,821
CONOCOPHILLIPS	COM	20825C104	27,099	406,033	SH		SOLE		393,233	0	12,800
CONSOLIDATED EDISON INC	COM	209115104	5,250	61,907	SH		SOLE		61,607	0	300
CONSUMER DISC SELECT SECTOR SPDR	COM	81369Y407	1,182	10,382	SH		SOLE		10,382	0	0
CONSUMER STAPLES SELECT SECTOR SPDR	COM	81369y308	339	6,050	SH		SOLE		6,050	0	0
COSTCO WHOLESALE CORP	COM	22160K105	479	1,977	SH		SOLE		1,947	0	30
CSX CORP	COM	126408103	1,025	13,700	SH		SOLE		13,700	0	0
CVS HEALTH CORP	COM	126650100	13,658	253,252	SH		SOLE		242,127	0	11,125
DARDEN RESTAURANTS INC	COM	237194105	783	6,450	SH		SOLE		6,450	0	0
DEERE & CO	COM	244199105	35,558	222,462	SH		SOLE		215,787	0	6,675
DIAGEO PlLC SPNSRD ADR	COM	25243Q205	225	1,376	SH		SOLE		1,376	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	23,701	333,071	SH		SOLE		321,046	0	12,025
DOMINION ENERGY INC	COM	25746U109	22,495	293,445	SH		SOLE		281,487	0	11,958
DOWDUPONT INC	COM	26078j100	883	16,559	SH		SOLE		16,559	0	0
DTE ENERGY COMPANY	COM	233331107	23,108	185,249	SH		SOLE		178,374	0	6,875
DUKE ENERGY HOLDING CORP	COM	26441c204	23,871	265,237	SH		SOLE		253,480	0	11,757
EDISON INTERNATIONAL	COM	281020107	340	5,490	SH		SOLE		5,490	0	0
ELI LILLY & CO	COM	532457108	430	3,310	SH		SOLE		3,310	0	0
EMERSON ELECTRIC CO	COM	291011104	314	4,591	SH		SOLE		4,591	0	0
ENBRIDGE INC	COM	29250n105	20,216	557,528	SH		SOLE		536,918	0	20,610
ENERGY SELECT SECTOR SPDR	COM	81369y506	1,629	24,641	SH		SOLE		19,282	0	5,359
ENTERGY CORP	COM	29364G103	216	2,256	SH		SOLE		2,256	0	0
ENTERPRISE PRODUCTS	COM	293792107	1,974	67,840	SH		SOLE		67,840	0	0
EVERGY INC	COM	30034w106	21,194	365,101	SH		SOLE		348,736	0	16,365
EVERSOURCE ENERGY	COM	30040w108	26,620	375,195	SH		SOLE		361,370	0	13,825
EXELON CORPORATION	COM	30161N101	378	7,545	SH		SOLE		7,545	0	0
EXXON MOBIL CORPORATION	COM	30231g102	24,506	303,289	SH		SOLE		296,933	0	6,356
FACEBOOK INC A	COM	30303m102	307	1,841	SH		SOLE		1,691	0	150
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	2,021	78,594	SH		SOLE		58,210	0	20,384
FIRSTENERGY CORP	COM	337932107	25,811	620,309	SH		SOLE		593,634	0	26,675
GARRETT MOTION INC	COM	366505105	263	17,887	SH		SOLE		17,539	0	348
GENERAL DYNAMICS CORP	COM	369550108	25,185	148,776	SH		SOLE		144,531	0	4,245
GENERAL ELECTRIC CO	COM	369604103	725	72,577	SH		SOLE		71,765	0	812
GENERAL MILLS INC	COM	370334104	23,176	447,840	SH		SOLE		429,790	0	18,050
GENUINE PARTS CO	COM	372460105	25,197	224,917	SH		SOLE		217,117	0	7,800
HEALTH CARE SELECT SECTOR SPDR	COM	81369Y209	1,878	20,464	SH		SOLE		19,099	0	1,365
HOME DEPOT INC	COM	437076102	1,638	8,535	SH		SOLE		8,211	0	324
HONEYWELL INTERNATL INC	COM	438516106	37,091	233,393	SH		SOLE		227,068	0	6,325
IBERIABANK CORP	COM	450828108	315	4,394	SH		SOLE		4,394	0	0
ILLINOIS TOOL WORKS	COM	452308109	398	2,770	SH		SOLE		2,720	0	50
INDUSTRIAL SELECT SECTOR SPDR	COM	81369y704	829	11,045	SH		SOLE		11,045	0	0
INGERSOLL RAND PLC	COM	g47791101	215	1,990	SH		SOLE		1,990	0	0
INTEL CORPORATION	COM	458140100	46,621	868,167	SH		SOLE		839,217	0	28,950
INTERNATIONAL PAPER CO	COM	460146103	209	4,527	SH		SOLE		4,527	0	0
INTL BUSINESS MACHINES CORP	COM	459200101	24,941	176,763	SH		SOLE		170,783	0	5,980
INVESCO QQQ TRUST SERIES 1	COM	46090e103	211	1,175	SH		SOLE		1,175	0	0
ISHARES CORE DIVIDEND GROWTH ETF	COM	46434v621	2,618	71,230	SH		SOLE		50,686	0	20,544
ISHARES CORE MSCI EMERGING MKTS ETF	COM	46434g103	688	13,296	SH		SOLE		13,296	0	0
ISHARES MSCI ALL COUNTRY ASIA	COM	464288182	264	3,739	SH		SOLE		0	0	3,739
ISHARES MSCI EAFE ETF	COM	464287465	5,067	78,116	SH		SOLE		77,751	0	365
ISHARES RUSSELL 3000 ETF	COM	464287689	9,131	54,775	SH		SOLE		54,775	0	0
ISHARES RUSSELL MIDCAP ETF	COM	464287499	297	5,500	SH		SOLE		5,500	0	0
ISHARES S&P500 VALUE INDEX ETF	COM	464287408	300	2,660	SH		SOLE		2,542	0	118
ISHARES SHORT TREASURY BOND ETF	COM	464288679	404	3,650	SH		SOLE		3,650	0	0
JOHNSON & JOHNSON	COM	478160104	39,112	279,792	SH		SOLE		268,914	0	10,878
JP MORGAN CHASE & CO	COM	46625H100	38,351	378,853	SH		SOLE		367,295	0	11,558
KIMBERLY CLARK CORP	COM	494368103	24,213	195,420	SH		SOLE		189,200	0	6,220
KROGER CO	COM	501044101	14,534	590,828	SH		SOLE		569,428	0	21,400
LOCKHEED MARTIN CORP	COM	539830109	313	1,041	SH		SOLE		1,041	0	0
LOWES COS INC	COM	548661107	641	5,851	SH		SOLE		5,851	0	0
MAGELLAN MIDSTREAM PARTNERS LP	COM	559080106	1,358	22,400	SH		SOLE		22,400	0	0
MARATHON PETROLEUM CORP	COM	56585a102	15,895	265,577	SH		SOLE		253,439	0	12,138
MARSH & MCLENNAN COS	COM	571748102	26,340	280,516	SH		SOLE		271,297	0	9,219
MASCO CORP	COM	574599106	200	5,100	SH		SOLE		5,100	0	0
MATTEL INC	COM	577081102	161	12,385	SH		SOLE		11,885	0	500
MCCORMICK & CO INC	COM	579780206	30,964	205,565	SH		SOLE		199,990	0	5,575
MCDONALDS CORPORATION	COM	580135101	1,247	6,565	SH		SOLE		6,565	0	0
MEDTRONIC PLC	COM	g5960l103	809	8,883	SH		SOLE		8,733	0	150
MERCK AND CO INC NEW	COM	58933y105	20,287	243,920	SH		SOLE		232,620	0	11,300
METLIFE INC	COM	59156r108	1,135	26,673	SH		SOLE		23,455	0	3,218
MICROSOFT CORP	COM	594918104	65,432	554,791	SH		SOLE		538,384	0	16,407
NATIONAL FUEL GAS CO	COM	636180101	468	7,683	SH		SOLE		7,083	0	600
NATIONAL GRID PLC	COM	636274409	15,061	269,711	SH		SOLE		253,638	0	16,073
NESTLE SA SPONSORED ADR	COM	641069406	264	2,767	SH		SOLE		2,767	0	0
NEW JERSEY RESOURCES CORP	COM	646025106	331	6,650	SH		SOLE		6,650	0	0
NEXTERA ENERGY INC	COM	65339f101	31,608	163,499	SH		SOLE		156,349	0	7,150
NORFOLK SOUTHERN CORP	COM	655844108	18,876	101,000	SH		SOLE		95,423	0	5,577
OGE ENERGY CORP	COM	670837103	428	9,934	SH		SOLE		9,934	0	0
ORACLE CORP	COM	68389X105	31,833	592,690	SH		SOLE		578,836	0	13,854
PEPSICO INC	COM	713448108	30,062	245,307	SH		SOLE		238,467	0	6,840
PFIZER INC	COM	717081103	30,835	726,040	SH		SOLE		702,570	0	23,470
PHILIP MORRIS INTL	COM	718172109	19,582	221,542	SH		SOLE		213,792	0	7,750
PHILLIPS 66	COM	718546104	594	6,246	SH		SOLE		6,046	0	200
PNC FINANCIAL SERVICES GROUP	COM	693475105	23,442	191,112	SH		SOLE		185,972	0	5,140
PORTLAND GENERAL ELECTRIC CO	COM	736508847	23,950	461,996	SH		SOLE		444,171	0	17,825
PPG INDUSTRIES INC	COM	693506107	22,871	202,629	SH		SOLE		196,779	0	5,850
PROCTER & GAMBLE CO	COM	742718109	29,187	280,513	SH		SOLE		270,984	0	9,529
QUALCOMM INC	COM	747525103	20,109	352,597	SH		SOLE		338,030	0	14,567
RAYTHEON COMPANY	COM	755111507	296	1,628	SH		SOLE		1,628	0	0
RESIDEO TECHNOLOGIES INC	COM	76118y104	622	32,229	SH		SOLE		31,541	0	688
RLI CORP	COM	749607107	148,429	2,068,695	SH		SOLE		2,068,695	0	0
ROYAL CARIBBEAN CRUISE	COM	v7780t103	20,600	179,720	SH		SOLE		173,555	0	6,165
ROYAL DUTCH SHELL PLC A	COM	780259206	474	7,570	SH		SOLE		7,570	0	0
ROYAL DUTCH SHELL PLC B ADR	COM	780259107	22,516	352,094	SH		SOLE		338,449	0	13,645
RPM INTERNATIONAL INC	COM	749685103	25,406	437,734	SH		SOLE		424,109	0	13,625
S&P GLOBAL INC	COM	78409v104	32,279	153,307	SH		SOLE		148,712	0	4,595
SCHLUMBERGER LTD	COM	806857108	14,625	335,666	SH		SOLE		320,691	0	14,975
SCHWAB US AGGREGATE BOND ETF	COM	808524839	2,587	49,857	SH		SOLE		17,923	0	31,934
SCHWAB US BROAD MKT ETF	COM	808524102	322	4,725	SH		SOLE		4,725	0	0
SCHWAB US DVD EQUITY ETF	COM	808524797	3,987	76,270	SH		SOLE		53,411	0	22,859
SCHWAB US LARGE GROWTH ETF	COM	808524300	218	2,739	SH		SOLE		2,739	0	0
SEMPRA ENERGY	COM	816851109	293	2,328	SH		SOLE		2,328	0	0
SOUTH JERSEY INDUSTRIES	COM	838518108	18,462	575,674	SH		SOLE		550,874	0	24,800
SOUTHERN CO	COM	842587107	24,657	477,113	SH		SOLE		458,963	0	18,150
SPDR GOLD TRUST	COM	78463v107	204	1,670	SH		SOLE		1,655	0	15
SPDR S&P 500 ETF TRUST	COM	78462f103	1,977	6,998	SH		SOLE		2,483	0	4,515
STANLEY BLACK & DECKER INC.	COM	854502101	422	3,099	SH		SOLE		3,099	0	0
STARBUCKS CORP	COM	855244109	305	4,104	SH		SOLE		4,104	0	0
STRYKER CORP	COM	863667101	803	4,064	SH		SOLE		4,064	0	0
T ROWE PRICE ASSOCIATES	COM	74144t108	21,550	215,239	SH		SOLE		208,069	0	7,170
TARGET CORP	COM	87612E106	24,733	308,166	SH		SOLE		298,016	0	10,150
TECHNOLOGY SELECT SECTOR SPDR	COM	81369Y803	1,028	13,887	SH		SOLE		13,887	0	0
TEXAS INSTRUMENTS INC	COM	882508104	39,044	368,100	SH		SOLE		357,700	0	10,400
THE HERSHEY COMPANY	COM	427866108	225	1,956	SH		SOLE		1,956	0	0
THE WALT DISNEY CO	COM	254687106	32,664	294,191	SH		SOLE		285,916	0	8,275
TRANSCANADA CORP	COM	89353d107	20,698	460,565	SH		SOLE		444,015	0	16,550
TRAVELERS COMPANIES INC	COM	89417e109	1,515	11,044	SH		SOLE		11,044	0	0
UNION PACIFIC CORP	COM	907818108	1,172	7,007	SH		SOLE		6,837	0	170
UNITED PARCEL SERVICE B	COM	911312106	25,137	224,957	SH		SOLE		217,572	0	7,385
UNITED TECHNOLOGIES CORP	COM	913017109	25,643	198,949	SH		SOLE		193,270	0	5,679
UNITEDHEALTH GROUP	COM	91324P102	41,510	167,878	SH		SOLE		163,701	0	4,177
US BANCORP	COM	902973304	22,722	471,501	SH		SOLE		457,041	0	14,460
UTILITIES SELECT SECTOR SPDR	COM	81369Y886	1,872	32,188	SH		SOLE		20,698	0	11,490
VALHI INC	COM	918905100	26	11,421	SH		SOLE		0	0	11,421
VANECK VECTORS OIL SERVICE	COM	92189f718	2,087	121,110	SH		SOLE		121,110	0	0
VANGUARD DIVIDEND APPRECIATION ETF	COM	921908844	981	8,948	SH		SOLE		5,337	0	3,611
VANGUARD FTSE EMERGING MARKETS ETF	COM	922042858	1,258	29,589	SH		SOLE		29,589	0	0
VANGUARD S&P 500 ETF	COM	922908363	796	3,067	SH		SOLE		90	0	2,977
VANGUARD SHORT-TERM CORPORATE ETF	COM	92206c409	2,083	26,110	SH		SOLE		11,174	0	14,936
VERIZON COMMUNICATIONS	COM	92343v104	40,507	685,055	SH		SOLE		660,381	0	24,674
WALGREENS BOOTS ALLIANCE INC	COM	931427108	491	7,755	SH		SOLE		7,600	0	155
WALMART INC	COM	931142103	995	10,201	SH		SOLE		10,201	0	0
WEC ENERGY GROUP INC	COM	92939u106	480	6,066	SH		SOLE		6,066	0	0
WELLS FARGO & COMPANY	COM	949746101	23,445	485,212	SH		SOLE		471,692	0	13,520
WESTERN DIGITAL CORP	COM	958102105	13,416	279,155	SH		SOLE		264,430	0	14,725
WILLIAMS COS INC	COM	969457100	14,397	501,271	SH		SOLE		483,696	0	17,575
WORTHINGTON INDUSTRIES INC	COM	981811102	600	16,076	SH		SOLE		16,076	0	0
XCEL ENERGY	COM	98389B100	28,483	506,730	SH		SOLE		487,114	0	19,616