Chesley Taft & Associates 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	10,086	92,240	SH		SOLE	0	5,085	0	87,155
ADT Corporation	COM	00101J106	2,012	50,489	SH		SOLE	0	2,323	0	47,916
AMETEK, Inc.	COM	031100100	719	16,990	SH		SOLE	0	16,990	0	0
AT&T Inc.	COM	00206R102	3,561	100,581	SH		SOLE	0	76,924	0	23,657
AbbVie Inc.	COM	00287Y109	3,947	95,487	SH		SOLE	0	13,622	0	81,865
Abbott Laboratories	COM	002824100	10,463	299,982	SH		SOLE	0	25,313	0	273,669
Accenture PLC	COM	G1151C101	13,889	193,009	SH		SOLE	0	57,589	0	135,670
Ace Ltd Switzerland	COM	H0023R105	840	9,390	SH		SOLE	0	7,670	0	1,720
Actavis Inc/Frmrly Watson Phar	COM	00507K103	997	7,900	SH		SOLE	0	7,900	0	0
Advanced Viral Research Corp	COM	007928104	0	65,484	SH		SOLE	0	0	0	65,484
Aflac Inc.	COM	001055102	636	10,934	SH		SOLE	0	759	0	10,175
Agilent Technologies Inc.	COM	00846U101	2,624	61,370	SH		SOLE	0	58,676	0	2,694
Air Products & Chemicals Inc.	COM	009158106	2,031	22,185	SH		SOLE	0	21,610	0	575
Alcoa, Inc.	COM	013817101	120	15,368	SH		SOLE	0	0	0	15,368
Alexion Pharmaceuticals, Inc.	COM	015351109	597	6,470	SH		SOLE	0	6,470	0	0
Allergan, Inc.	COM	018490102	1,718	20,389	SH		SOLE	0	18,814	0	1,925
Allstate Corp	COM	020002101	686	14,262	SH		SOLE	0	13,150	0	1,112
Altria Group Inc.	COM	02209s103	322	9,213	SH		SOLE	0	8,012	0	3,901
Amazon.com, Inc.	COM	023135106	5,501	19,811	SH		SOLE	0	18,466	0	1,445
American Capital Agency Corp	COM	02503X105	305	13,250	SH		SOLE	0	12,975	0	275
American Express	COM	025816109	335	4,480	SH		SOLE	0	3,080	0	1,400
Amgen, Inc.	COM	031162100	707	7,165	SH		SOLE	0	4,531	0	2,634
Amphenol Corp CL A	COM	032095101	4,865	62,419	SH		SOLE	0	53,429	0	8,990
Anadarko Petroleum	COM	032511107	790	9,194	SH		SOLE	0	2,499	0	6,695
Apache Corp	COM	037411105	364	4,345	SH		SOLE	0	2,195	0	2,150
Apple Computer Inc.	COM	037833100	6,310	15,913	SH		SOLE	0	13,375	0	2,578
Archer Daniels Midland	COM	039483102	309	9,105	SH		SOLE	0	9,105	0	0
Ares Capital Corporation	COM	04010L103	307	17,875	SH		SOLE	0	17,875	0	0
Atwood Oceanics, Inc.	COM	050095108	537	10,325	SH		SOLE	0	2,420	0	7,905
Automatic Data Processing	COM	053015103	2,076	30,155	SH		SOLE	0	5,530	0	24,625
Barclays Bank PLC Pfd. 6.625%	PFD	06739f390	249	10,060	SH		SOLE	0	10,060	0	0
Baxter International Inc.	COM	071813109	220	3,176	SH		SOLE	0	800	0	2,376
Beam, Inc.	COM	073730103	1,418	22,475	SH		SOLE	0	20,675	0	1,800
Becton Dickinson & Company	COM	075887109	568	5,750	SH		SOLE	0	2,200	0	3,550
Bed Bath & Beyond, Inc.	COM	075896100	1,034	14,575	SH		SOLE	0	11,375	0	3,200
Berkshire Hathaway Inc. - Clas	COM	084670108	337	2	SH		SOLE	0	0	0	2
Blackrock Inc	COM	09247X101	2,563	9,980	SH		SOLE	0	9,325	0	765
Bristol Myers Squibb Co	COM	110122108	1,012	22,635	SH		SOLE	0	19,385	0	3,250
Broadcom Corporation	COM	111320107	422	12,500	SH		SOLE	0	4,230	0	8,270
C.R. Bard, Inc.	COM	067383109	5,801	53,379	SH		SOLE	0	11,765	0	41,214
CBOE Holdings, Inc.	COM	12503m108	1,151	24,675	SH		SOLE	0	23,675	0	1,000
CMS Energy Corporation	COM	125896100	744	27,375	SH		SOLE	0	26,875	0	500
CSX Corp	COM	126408103	350	15,088	SH		SOLE	0	15,088	0	0
CVS Caremark Corp	COM	126650100	1,104	19,307	SH		SOLE	0	3,607	0	15,700
Canadian National Railway Co.	COM	136375102	292	3,000	SH		SOLE	0	0	0	3,000
Caterpillar Inc.	COM	149123101	665	8,066	SH		SOLE	0	6,066	0	2,000
Cedar Fair, L. P. Dep	COM	150185106	265	6,400	SH		SOLE	0	400	0	6,000
Celgene Corporation	COM	151020104	364	3,110	SH		SOLE	0	360	0	2,750
CenturyLink, Inc.	COM	156700106	222	6,294	SH		SOLE	0	5,950	0	344
Chevron Corp	COM	166764100	15,959	134,857	SH		SOLE	0	59,875	0	74,732
Chicago Bridge & Iron Company	COM	167250109	673	11,280	SH		SOLE	0	2,625	0	8,655
Chubb Corp	COM	171232101	631	7,460	SH		SOLE	0	500	0	6,960
Church & Dwight Company, Inc.	COM	171340102	8,191	132,740	SH		SOLE	0	7,080	0	124,460
Cisco Systems Inc.	COM	17275R102	1,622	66,670	SH		SOLE	0	44,270	0	22,400
Clorox Co	COM	189054109	200	2,400	SH		SOLE	0	2,400	0	0
Coca Cola Company	COM	191216100	17,680	440,800	SH		SOLE	0	46,800	0	393,000
Cognizant Technology Solutions	COM	192446102	5,065	80,853	SH		SOLE	0	72,228	0	8,975
Colgate Palmolive Company	COM	194162103	1,352	23,592	SH		SOLE	0	17,292	0	6,300
Comcast Corp-Cl A	COM	20030N101	744	17,821	SH		SOLE	0	17,647	0	174
ConocoPhillips	COM	20825c104	563	9,310	SH		SOLE	0	4,910	0	4,400
Continental Resources, Inc.	COM	212015101	5,653	65,690	SH		SOLE	0	4,865	0	60,425
Costco Wholesale Corp.	COM	22160K105	3,799	34,360	SH		SOLE	0	21,770	0	12,715
Cummins Inc.	COM	231021106	2,182	20,115	SH		SOLE	0	17,715	0	2,600
Danaher Corporation	COM	235851102	2,721	42,980	SH		SOLE	0	35,480	0	7,500
Darden Restaurants Inc.	COM	237194105	428	8,475	SH		SOLE	0	8,475	0	0
Deere & Company	COM	244199105	497	6,118	SH		SOLE	0	6,118	0	0
Diamond Offshore Drilling, Inc	COM	25271C102	239	3,475	SH		SOLE	0	2,025	0	1,450
Dominion Resources	COM	25746U109	1,292	22,739	SH		SOLE	0	17,413	0	5,326
Duke Energy Corporation	COM	26441C204	206	3,056	SH		SOLE	0	2,550	0	506
Dunkin' Brands Group, Inc.	COM	265504100	686	16,025	SH		SOLE	0	15,950	0	75
E I DuPont De Nemours & Co	COM	263534109	1,394	26,548	SH		SOLE	0	24,548	0	2,000
EMC Corporation	COM	268648102	10,424	441,304	SH		SOLE	0	175,591	0	265,113
Ebay Inc.	COM	278642103	8,038	155,419	SH		SOLE	0	20,175	0	134,244
Ecolab Inc.	COM	278865100	14,574	171,075	SH		SOLE	0	88,975	0	81,800
Edwards Lifesciences Corp	COM	28176E108	1,506	22,417	SH		SOLE	0	19,767	0	2,650
Eli Lilly & Co.	COM	532457108	323	6,570	SH		SOLE	0	4,720	0	1,850
Emerson Electric Co.	COM	291011104	2,056	37,705	SH		SOLE	0	31,455	0	6,250
Enbridge Inc.	COM	29250N105	290	6,900	SH		SOLE	0	0	0	6,900
Encana Corporation	COM	292505104	1,656	97,770	SH		SOLE	0	780	0	96,990
Endocyte Inc.	COM	29269A102	1,339	102,000	SH		SOLE	0	8,150	0	92,850
Estee Lauder Companies, Inc.	COM	518439104	238	3,618	SH		SOLE	0	3,618	0	0
Exelon Corporation	COM	30161n101	217	7,036	SH		SOLE	0	500	0	6,536
Express Scripts Holding Co.	COM	30219G108	18,133	293,702	SH		SOLE	0	101,237	0	191,465
Exxon Mobil Corp	COM	30231G102	26,452	292,772	SH		SOLE	0	96,423	0	196,549
Facebook, Inc.	COM	30303M102	960	38,600	SH		SOLE	0	38,500	0	100
Family Dollar Stores, Inc.	COM	307000109	312	5,000	SH		SOLE	0	0	0	5,000
Fiserv Inc.	COM	337738108	2,175	24,880	SH		SOLE	0	785	0	24,095
Fortune Brands Home & Security	COM	34964C106	686	17,700	SH		SOLE	0	17,000	0	700
Gannett Company Inc.	COM	364730101	591	24,150	SH		SOLE	0	24,150	0	0
General Electric Corporation	COM	369604103	21,948	946,438	SH		SOLE	0	273,531	0	668,407
General Mills Inc.	COM	370334104	2,715	55,954	SH		SOLE	0	45,154	0	10,800
Genuine Parts Company	COM	372460105	877	11,235	SH		SOLE	0	5,125	0	6,110
Gilead Sciences, Inc.	COM	375558103	6,343	123,725	SH		SOLE	0	25,625	0	96,900
Glaxosmithkline Plc ADR	COM	37733W105	186	3,731	SH		SOLE	0	0	0	3,731
Google Inc Cl A	COM	38259P508	6,340	7,201	SH		SOLE	0	3,418	0	3,733
Grainger WW Inc	COM	384802104	5,213	20,672	SH		SOLE	0	12,695	0	8,077
HMS Holdings Corporation	COM	40425J101	1,129	48,466	SH		SOLE	0	44,816	0	3,650
Halliburton Co	COM	406216101	909	21,800	SH		SOLE	0	5,575	0	16,225
Health Care REIT, Inc.	COM	42217k106	903	13,470	SH		SOLE	0	11,920	0	1,550
Hershey Company	COM	427866108	1,318	14,760	SH		SOLE	0	700	0	14,060
Home Depot Inc.	COM	437076102	787	10,159	SH		SOLE	0	7,084	0	3,075
Honeywell International	COM	438516106	12,198	153,749	SH		SOLE	0	57,540	0	95,409
HSBC Holdings PLC 8.125%	PFD	404280703	208	8,200	SH		SOLE	0	8,200	0	0
ITC Holdings Corporation	COM	465685105	706	7,735	SH		SOLE	0	7,735	0	0
Illinois Tool Works Inc.	COM	452308109	9,223	133,334	SH		SOLE	0	51,541	0	81,793
Intel Corporation	COM	458140100	7,863	324,504	SH		SOLE	0	17,213	0	307,291
IntercontinentalExchange Inc.	COM	45865V100	4,904	27,587	SH		SOLE	0	25,557	0	2,155
International Business Machine	COM	459200101	19,492	101,993	SH		SOLE	0	21,728	0	79,865
Intuit Inc.	COM	461202103	464	7,600	SH		SOLE	0	7,600	0	0
Inventure Foods, Inc.	COM	461212102	84	10,000	SH		SOLE	0	0	0	10,000
iPATH Dow Jones UBS Commodity	ETF	06738C778	2,860	78,377	SH		SOLE	0	70,687	0	7,690
Iron Mountain Inc.	COM	462846106	848	31,850	SH		SOLE	0	31,700	0	150
iShares Barclays 7-10 Year Tre	ETF	464287440	1,589	15,500	SH		SOLE	0	15,500	0	0
iShares Barclays US TIPS Fund	ETF	464287176	2,939	26,238	SH		SOLE	0	23,663	0	2,575
iShares COMEX Gold Trust	ETF	464285105	128	10,650	SH		SOLE	0	10,650	0	0
iShares Core S&P MidCap	ETF	464287507	10,375	89,826	SH		SOLE	0	76,961	0	12,865
iShares Core S&P SmallCap	ETF	464287804	15,903	176,095	SH		SOLE	0	107,805	0	68,290
iShares Core Total US Bond Mar	ETF	464287226	3,415	31,856	SH		SOLE	0	27,381	0	4,475
iShares Dow Jones US Oil & Gas	COM	464288851	1,427	19,925	SH		SOLE	0	17,850	0	2,075
iShares Dow Jones US Oil Equip	COM	464288844	745	13,148	SH		SOLE	0	12,398	0	750
iShares JPMorgan Emerg Mrkts B	ETF	464288281	2,164	19,760	SH		SOLE	0	19,260	0	500
iShares MSCI Australia Index F	ETF	464286103	583	25,800	SH		SOLE	0	23,275	0	2,525
iShares MSCI Canada Index	ETF	464286509	837	32,000	SH		SOLE	0	25,280	0	6,720
iShares MSCI EAFE Small Cap In	ETF	464288273	733	17,480	SH		SOLE	0	15,705	0	1,775
iShares MSCI Emerging Markets	ETF	464287234	4,702	122,129	SH		SOLE	0	109,644	0	12,485
iShares MSCI Hong Kong Index	ETF	464286871	580	31,650	SH		SOLE	0	28,425	0	3,225
iShares MSCI Singapore Index F	ETF	464286673	616	48,200	SH		SOLE	0	43,850	0	4,350
iShares Nasdaq Biotechnology I	COM	464287556	2,806	16,137	SH		SOLE	0	15,022	0	1,115
iShares Russell 3000	ETF	464287689	241	2,495	SH		SOLE	0	2,495	0	0
iShares Russell Midcap Index F	ETF	464287499	1,278	9,840	SH		SOLE	0	9,165	0	675
iShares S&P 500 Index Fund	ETF	464287200	876	5,446	SH		SOLE	0	5,221	0	225
iShares S&P National AMT-Free	ETF	464288414	2,930	27,895	SH		SOLE	0	24,645	0	3,250
iShares Tr Barclays 1-3 Year	ETF	464288646	4,633	44,114	SH		SOLE	0	36,639	0	7,475
iShares Tr Barclays Interm	ETF	464288638	1,477	13,709	SH		SOLE	0	12,984	0	725
iShares Tr MSCI EAFE Index	ETF	464287465	11,146	194,514	SH		SOLE	0	173,902	0	20,612
iShares iBoxx $ Inv Grade Corp	ETF	464287242	625	5,500	SH		SOLE	0	3,800	0	1,700
Isle of Capri Casinos, Inc.	COM	464592104	1,762	234,883	SH		SOLE	0	234,883	0	0
J P Morgan Chase & Co	COM	46625H100	5,756	109,028	SH		SOLE	0	99,633	0	9,895
JPMorgan Chase & Co Alerian ML	ETF	46625H365	5,863	125,717	SH		SOLE	0	114,417	0	11,300
Jacobs Engineering Group Inc	COM	469814107	4,457	80,840	SH		SOLE	0	74,590	0	6,250
Japan Equity Fund	ETF	471057109	83	12,867	SH		SOLE	0	0	0	12,867
Johnson & Johnson Co.	COM	478160104	20,043	233,434	SH		SOLE	0	33,336	0	200,098
Johnson Controls, Inc.	COM	478366107	7,774	217,224	SH		SOLE	0	26,414	0	190,810
Kellogg Company	COM	487836108	5,785	90,060	SH		SOLE	0	2,710	0	87,350
Kimberly-Clark Corp	COM	494368103	1,260	12,975	SH		SOLE	0	9,600	0	3,375
Kinder Morgan Energy Partners,	COM	494550106	401	4,700	SH		SOLE	0	100	0	4,600
Kohls Corp	COM	500255104	5,757	113,968	SH		SOLE	0	2,193	0	111,775
Koninklijke Philips Electrs NV	COM	500472303	610	22,443	SH		SOLE	0	1,129	0	21,314
Kraft Foods Group, Inc.	COM	50076Q106	1,964	35,149	SH		SOLE	0	31,448	0	3,701
LKQ Corporation	COM	501889208	7,867	305,509	SH		SOLE	0	14,600	0	288,909
Laboratory Corp Amer Hldgs	COM	50540R409	488	4,875	SH		SOLE	0	400	0	4,475
Laclede Group Inc.	COM	505597104	274	5,990	SH		SOLE	0	0	0	5,990
Leggett & Platt Inc Com	COM	524660107	662	21,300	SH		SOLE	0	20,775	0	525
Lennar Corp Class A	COM	526057104	616	17,100	SH		SOLE	0	17,100	0	0
Lockheed Martin Corpration	COM	539830109	723	6,665	SH		SOLE	0	6,665	0	0
Lowes Companies Inc.	COM	548661107	1,396	34,120	SH		SOLE	0	31,320	0	2,800
Marathon Petroleum Corporation	COM	56585A102	204	2,867	SH		SOLE	0	1,292	0	1,575
Marsh & McLennan Companies, In	COM	571748102	1,125	28,178	SH		SOLE	0	7,100	0	21,078
MasterCard, Inc.	COM	57636Q104	1,643	2,860	SH		SOLE	0	150	0	2,710
Mattel Inc.	COM	577081102	763	16,850	SH		SOLE	0	16,650	0	200
McCormick & Company	COM	579780206	211	3,000	SH		SOLE	0	0	0	3,000
McDonalds Corp	COM	580135101	3,980	40,198	SH		SOLE	0	16,145	0	24,303
McKesson Corporation	COM	58155Q103	5,914	51,650	SH		SOLE	0	2,950	0	48,300
Medtronic Inc.	COM	585055106	438	8,509	SH		SOLE	0	5,980	0	2,529
Merck & Co., Inc.	COM	58933Y105	3,784	81,458	SH		SOLE	0	71,208	0	10,250
MetLife, Inc.	COM	59156R108	2,739	59,851	SH		SOLE	0	43,996	0	15,855
Microchip Technology, Inc.	COM	595017104	638	17,125	SH		SOLE	0	16,850	0	275
Microsoft Corp	COM	594918104	9,442	273,339	SH		SOLE	0	25,273	0	248,066
Mid-America Apartment Communit	COM	59522j103	647	9,550	SH		SOLE	0	9,550	0	0
Mondelez Int'l Inc/Frmrly Kraf	COM	609207105	2,205	77,304	SH		SOLE	0	60,644	0	17,310
National Oilwell Varco Inc.	COM	637071101	300	4,355	SH		SOLE	0	2,130	0	2,225
Nestle SA-Sponsored ADR	COM	641069406	11,578	176,004	SH		SOLE	0	3,587	0	172,417
News Limited Corp	COM	652487802	200	6,141	SH		SOLE	0	0	0	6,141
Nextera Energy, Inc.	COM	65339F101	1,371	16,830	SH		SOLE	0	15,630	0	1,200
Nike Inc	COM	654106103	1,478	23,206	SH		SOLE	0	23,206	0	0
Norfolk Southern Corp	COM	655844108	392	5,400	SH		SOLE	0	5,400	0	0
Northern Trust Corp	COM	665859104	4,504	77,790	SH		SOLE	0	5,192	0	72,598
Novartis AG	COM	66987V109	4,891	69,174	SH		SOLE	0	53,544	0	15,930
O'Reilly Automotive, Inc.	COM	67103H107	394	3,500	SH		SOLE	0	0	0	3,500
O.T. Mining Corporation	COM	671061109	8	30,000	SH		SOLE	0	0	0	30,000
Occidental Petroleum Corp	COM	674599105	3,376	37,830	SH		SOLE	0	2,680	0	34,650
Omnicom Group Inc.	COM	681919106	3,217	51,167	SH		SOLE	0	46,617	0	4,550
Oracle Systems Corporation	COM	68389X105	15,376	500,687	SH		SOLE	0	186,489	0	313,448
PETsMART, Inc.	COM	716768106	8,702	129,905	SH		SOLE	0	40,180	0	89,325
Paychex Inc.	COM	704326107	217	5,950	SH		SOLE	0	1,500	0	4,450
Pepsico Inc	COM	713448108	20,508	250,740	SH		SOLE	0	75,042	0	175,498
Perrigo Co.	COM	714290103	2,751	22,732	SH		SOLE	0	20,432	0	2,300
Pfizer, Inc	COM	717081103	8,814	314,664	SH		SOLE	0	83,936	0	230,728
Philip Morris International, I	COM	718172109	13,189	152,268	SH		SOLE	0	33,484	0	117,784
Phillips 66	COM	718546104	782	13,279	SH		SOLE	0	10,679	0	2,600
Plum Creek Timber Company, Inc	COM	729251108	2,213	47,415	SH		SOLE	0	19,125	0	28,290
PowerShares Senior Loan Portfo	ETF	73936Q769	585	23,630	SH		SOLE	0	21,130	0	2,500
Praxair Inc	COM	74005P104	4,017	34,878	SH		SOLE	0	32,488	0	2,390
PrivateBancorp, Inc.	COM	742962103	1,385	65,232	SH		SOLE	0	21,896	0	43,336
Procter & Gamble Co	COM	742718109	6,434	83,571	SH		SOLE	0	70,328	0	13,593
Qualcomm Inc.	COM	747525103	7,324	119,885	SH		SOLE	0	106,035	0	14,050
Rayonier, Inc.	COM	754907103	602	10,873	SH		SOLE	0	10,723	0	150
Realty Income Corporation	COM	756109104	538	12,825	SH		SOLE	0	12,675	0	150
Regeneron Pharmaceuticals, Inc	COM	75886f107	5,210	23,168	SH		SOLE	0	900	0	22,068
Republic Services, Inc.	COM	760759100	272	8,000	SH		SOLE	0	0	0	8,000
Roper Industries Inc New	COM	776696106	1,073	8,635	SH		SOLE	0	7,135	0	1,500
Royal Dutch Shell PLC ADR CL A	COM	780259206	1,221	19,141	SH		SOLE	0	14,475	0	4,666
Royal Dutch Shell PLC ADR CL B	COM	780259107	896	13,522	SH		SOLE	0	4,822	0	8,700
SPDR Financial Select Sector	COM	81369Y605	451	23,195	SH		SOLE	0	23,195	0	0
Salesforce Com Inc.	COM	79466L302	1,515	39,688	SH		SOLE	0	37,338	0	2,350
Schlumberger Ltd	COM	806857108	4,582	63,943	SH		SOLE	0	55,633	0	8,570
Seadrill Ltd.	COM	0	1,155	28,361	SH		SOLE	0	22,111	0	6,250
Sherwin Williams Co	COM	824348106	1,430	8,100	SH		SOLE	0	0	0	8,100
Simon Property Group Inc.	COM	828806109	848	5,370	SH		SOLE	0	4,995	0	375
Sirona Dental Systems, Inc.	COM	82966C103	231	3,500	SH		SOLE	0	0	0	3,500
Skyworks Solutions, Inc.	COM	83088M102	633	28,935	SH		SOLE	0	6,705	0	22,230
Southern Company	COM	842587107	1,256	28,461	SH		SOLE	0	17,561	0	10,900
SPDR Barclays Capital High Yie	ETF	78464A417	2,501	63,339	SH		SOLE	0	63,339	0	0
SPDR Barclays Capital Short Te	ETF	78468R408	2,046	67,800	SH		SOLE	0	65,950	0	1,850
SPDR Gold Trust	ETF	78463V107	2,880	24,180	SH		SOLE	0	10,820	0	13,360
SPDR S&P 500 ETF Trust	ETF	78462F103	7,760	48,376	SH		SOLE	0	41,506	0	6,870
SPDR S&P International SmallCa	ETF	78463X871	898	31,122	SH		SOLE	0	27,392	0	3,730
SPDR S&P Midcap 400 ETF TR	ETF	78467Y107	4,859	23,128	SH		SOLE	0	23,128	0	0
Spectra Energy Corporation	COM	847560109	480	13,925	SH		SOLE	0	13,725	0	200
Starbucks Corp	COM	855244109	6,926	105,720	SH		SOLE	0	97,460	0	8,760
Stericycle Inc.	COM	858912108	5,643	51,100	SH		SOLE	0	47,575	0	3,525
Stryker Corporation	COM	863667101	8,021	124,010	SH		SOLE	0	13,080	0	110,930
SunEdison, Inc.\Frmrly MEMC El	COM	86732y109	111	13,530	SH		SOLE	0	0	0	13,530
Sysco Corporation	COM	871829107	5,604	164,060	SH		SOLE	0	1,760	0	162,300
T. Rowe Price Group, Inc.	COM	74144T108	604	8,245	SH		SOLE	0	8,245	0	0
TJX Companies Inc.	COM	872540109	2,044	40,823	SH		SOLE	0	34,048	0	6,775
Target Corp	COM	87612E106	2,798	40,639	SH		SOLE	0	33,464	0	7,175
Teva Pharmaceutical Inds Ltd A	COM	881624209	1,798	45,866	SH		SOLE	0	26,541	0	19,325
Texas Instruments Inc.	COM	882508104	592	17,000	SH		SOLE	0	17,000	0	0
Thermo Fisher Scientific, Inc.	COM	883556102	5,162	60,990	SH		SOLE	0	55,670	0	5,320
Towers Watson & Company	COM	891894107	4,076	49,745	SH		SOLE	0	1,570	0	48,175
Tractor Supply Company	COM	892356106	1,966	16,725	SH		SOLE	0	15,950	0	925
Tyco International Ltd.	COM	G9143X208	2,805	85,114	SH		SOLE	0	5,182	0	79,432
UGI Corp New	COM	902681105	332	8,500	SH		SOLE	0	0	0	8,500
US Bancorp Del New	COM	902973304	899	24,863	SH		SOLE	0	23,413	0	1,450
Union Pacific Corp	COM	907818108	14,492	93,932	SH		SOLE	0	35,157	0	58,475
United Technologies Corp	COM	913017109	9,377	100,895	SH		SOLE	0	33,517	0	66,878
UnitedHealth Group, Inc.	COM	91324p102	1,779	27,169	SH		SOLE	0	23,919	0	3,250
Unum Group	COM	91529Y106	286	9,750	SH		SOLE	0	4,300	0	5,450
Vanguard Emerging Markets	ETF	922042858	478	12,313	SH		SOLE	0	11,738	0	575
Vanguard FTSE All-World Ex-US	ETF	922042775	7,475	169,037	SH		SOLE	0	150,647	0	18,390
Vanguard MSCI EAFE ETF	ETF	921943858	467	13,125	SH		SOLE	0	13,125	0	0
Vanguard Mid-Cap ETF	ETF	922908629	618	6,500	SH		SOLE	0	6,500	0	0
Vanguard REIT	ETF	922908553	1,375	20,005	SH		SOLE	0	20,005	0	0
Vanguard Short-Term Inflation	ETF	922020805	1,007	20,500	SH		SOLE	0	20,500	0	0
Vanguard Small-Cap ETF	ETF	922908751	1,559	16,640	SH		SOLE	0	16,640	0	0
Vanguard Total Bond Market Fun	ETF	921937835	2,684	33,189	SH		SOLE	0	16,438	0	16,751
Vanguard Total Stock Market VI	ETF	922908769	1,979	23,944	SH		SOLE	0	23,894	0	50
Vectren Corporation	COM	92240g101	962	28,425	SH		SOLE	0	28,425	0	0
Verizon Communications	COM	92343V104	1,803	35,818	SH		SOLE	0	31,500	0	4,318
Viacom Inc. Class B New	COM	92553P201	2,348	34,512	SH		SOLE	0	1,888	0	32,624
Visa Inc.	COM	92826C839	1,975	10,805	SH		SOLE	0	5,855	0	4,950
Vodafone Group PLC New	COM	92857w209	10,155	353,296	SH		SOLE	0	48,410	0	303,436
WGL Holdings, Inc.	COM	92924F106	655	15,145	SH		SOLE	0	9,245	0	5,900
Wal-Mart Stores, Inc.	COM	931142103	8,127	109,098	SH		SOLE	0	2,460	0	106,638
Walgreen Co.	COM	931422109	10,353	234,225	SH		SOLE	0	31,949	0	202,276
Walt Disney Co.	COM	254687106	12,878	203,924	SH		SOLE	0	19,589	0	184,335
Wells Fargo & Co.	COM	949746101	5,410	131,080	SH		SOLE	0	106,405	0	24,675
Western Union Company	COM	959802109	236	13,800	SH		SOLE	0	0	0	13,800
Windstream Corp	COM	97381W104	160	20,800	SH		SOLE	0	19,600	0	1,200
Workday, Inc.	COM	98138H101	354	5,525	SH		SOLE	0	5,050	0	475
YUM! Brands, Inc.	COM	988498101	208	3,000	SH		SOLE	0	2,540	0	460
Yahoo Inc.	COM	984332106	947	37,700	SH		SOLE	0	37,700	0	0
Zebra Technologies Corp	COM	989207105	275	6,336	SH		SOLE	0	0	0	6,336