Hendley & Co 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

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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
CORRECTIONS CORP. OF AMERICA	REIT	22025Y407	889	26,246	SH		SOLE		0	0	26,246
APACHE CORP. 6.00% MAN CNV SER	CPFD	037411808	720	15,075	SH		SOLE		0	0	15,075
ABBOTT LABS	COM	002824100	1,833	52,546	SH		SOLE		0	0	52,546
ABBVIE INC.	COM	00287Y109	3,233	78,206	SH		SOLE		0	0	78,206
AFLAC INC	COM	001055102	212	3,645	SH		SOLE		0	0	3,645
AIR PRODUCTS & CHEMICALS INC	COM	009158106	2,260	24,677	SH		SOLE		0	0	24,677
APACHE CORP	COM	037411105	1,160	13,843	SH		SOLE		0	0	13,843
APPLE COMPUTER INC	COM	037833100	2,803	7,069	SH		SOLE		0	0	7,069
AT&T CORP	COM	00206R102	2,532	71,534	SH		SOLE		0	0	71,534
BARRICK GOLD CORP	COM	067901108	690	43,862	SH		SOLE		0	0	43,862
BECTON DICKINSON	COM	075887109	953	9,640	SH		SOLE		0	0	9,640
BERKSHIRE HATHAWAY - CL B	COM	084670702	4,939	44,130	SH		SOLE		0	0	44,130
BROWN FORMAN CL B	COM	115637209	1,052	15,579	SH		SOLE		0	0	15,579
CHEVRON CORP.	COM	166764100	1,412	11,929	SH		SOLE		0	0	11,929
COCA COLA CO	COM	191216100	3,518	87,707	SH		SOLE		0	0	87,707
COLGATE PALMOLIVE CO	COM	194162103	327	5,715	SH		SOLE		0	0	5,715
CONOCOPHILLIPS	COM	20825C104	2,269	37,511	SH		SOLE		0	0	37,511
CORNING	COM	219350105	1,538	108,058	SH		SOLE		0	0	108,058
COSTCO WHOLESALE CORP	COM	22160K105	332	3,000	SH		SOLE		0	0	3,000
CVS/CAREMARK CORP.	COM	126650100	2,536	44,351	SH		SOLE		0	0	44,351
DEERE AND COMPANY	COM	244199105	2,761	33,977	SH		SOLE		0	0	33,977
DEVON ENERGY	COM	25179M103	1,597	30,783	SH		SOLE		0	0	30,783
DOLLAR TREE	COM	256746108	599	11,790	SH		SOLE		0	0	11,790
EBAY INC	COM	278642103	1,777	34,350	SH		SOLE		0	0	34,350
EI DU PONT DE NEMOURS & CO	COM	263534109	3,064	58,355	SH		SOLE		0	0	58,355
EXPEDITORS INT'L OF WASHINGTON	COM	302130109	2,028	53,325	SH		SOLE		0	0	53,325
EXXONMOBIL CORP	COM	30231G102	5,012	55,473	SH		SOLE		0	0	55,473
FORD MTR CO DEL	COM	345370860	256	16,535	SH		SOLE		0	0	16,535
FRANKLIN RESOURCES, INC	COM	354613101	1,788	13,148	SH		SOLE		0	0	13,148
FREEPORT-MCMORAN COP CL B	COM	35671D857	1,141	41,337	SH		SOLE		0	0	41,337
GANNETT CO	COM	364730101	3,950	161,488	SH		SOLE		0	0	161,488
GENERAC HOLDINGS INC.	COM	368736104	220	5,950	SH		SOLE		0	0	5,950
HORMEL FOODS	COM	440452100	1,648	42,705	SH		SOLE		0	0	42,705
INTERNATIONAL BUS MACH	COM	459200101	3,203	16,762	SH		SOLE		0	0	16,762
JOHNSON & JOHNSON COM	COM	478160104	4,311	50,207	SH		SOLE		0	0	50,207
KIMBERLY CLARK CORP	COM	494368103	2,255	23,217	SH		SOLE		0	0	23,217
MACY'S INC	COM	55616P104	2,200	45,827	SH		SOLE		0	0	45,827
MCDONALDS CORP	COM	580135101	2,111	21,318	SH		SOLE		0	0	21,318
MEDTRONIC, INC	COM	585055106	2,524	49,045	SH		SOLE		0	0	49,045
MERCK & CO INC	COM	58933Y105	2,300	49,525	SH		SOLE		0	0	49,525
MICROSOFT CORP	COM	594918104	2,897	83,858	SH		SOLE		0	0	83,858
MONSANTO CO	COM	61166W101	2,210	22,370	SH		SOLE		0	0	22,370
NESTLE S A REP RG SH ADR	COM	641069406	2,944	44,762	SH		SOLE		0	0	44,762
NEWMONT MINING CORP	COM	651639106	549	18,315	SH		SOLE		0	0	18,315
NORFOLK SOUTHERN CORP	COM	655844108	3,568	49,109	SH		SOLE		0	0	49,109
OCCIDENTAL PETROLEUM CORP	COM	674599105	1,695	18,995	SH		SOLE		0	0	18,995
PEPSICO INC	COM	713448108	2,764	33,788	SH		SOLE		0	0	33,788
POTASH CORP. OF SASKATCHEWAN I	COM	73755L107	1,677	43,977	SH		SOLE		0	0	43,977
SOUTHERN CO	COM	842587107	868	19,658	SH		SOLE		0	0	19,658
SPECTRA ENERGY CORP	COM	847560109	1,716	49,792	SH		SOLE		0	0	49,792
STARBUCKS CORP	COM	855244109	2,282	34,833	SH		SOLE		0	0	34,833
STRYKER CORP	COM	863667101	365	5,650	SH		SOLE		0	0	5,650
SYNGENTA AG ADR	COM	87160A100	2,431	31,220	SH		SOLE		0	0	31,220
THE HERSHEY COMPANY	COM	427866108	1,945	21,790	SH		SOLE		0	0	21,790
TJX COMPANIES	COM	872540109	971	19,390	SH		SOLE		0	0	19,390
UNION PACIFIC CORP	COM	907818108	1,224	7,935	SH		SOLE		0	0	7,935
V F CORP.	COM	918204108	1,258	6,515	SH		SOLE		0	0	6,515
VISA INC.	COM	92826C839	1,918	10,494	SH		SOLE		0	0	10,494
WAL-MART STORES INC	COM	931142103	261	3,501	SH		SOLE		0	0	3,501
WALT DISNEY COMPANY	COM	254687106	1,700	26,914	SH		SOLE		0	0	26,914
ENTERPRISE PRODUCTS PARTNERS L	LTD	293792107	1,450	23,329	SH		SOLE		0	0	23,329