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

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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	10,916	91,419	SH		SOLE		6,726	0	84,693
ADT Corporation	COM	00101J106	5,413	133,123	SH		SOLE		7,873	0	124,250
AGCO Corporation	COM	001084102	419	6,930	SH		SOLE		2,930	0	4,000
AMETEK, Inc.	COM	031100100	784	17,040	SH		SOLE		17,040	0	0
AT&T Inc.	COM	00206R102	3,392	100,310	SH		SOLE		79,442	0	20,868
AbbVie Inc.	COM	00287Y109	4,282	95,720	SH		SOLE		15,355	0	80,365
Abbott Laboratories	COM	002824100	9,941	299,516	SH		SOLE		26,747	0	271,769
Accenture PLC	COM	G1151C101	13,960	189,569	SH		SOLE		61,749	0	128,070
Ace Ltd Switzerland	COM	H0023R105	890	9,515	SH		SOLE		7,795	0	1,720
Actavis Inc/Frmrly Watson Phar	COM	00507K103	1,123	7,800	SH		SOLE		7,800	0	0
Advanced Viral Research Corp	COM	007928104	0	65,484	SH		SOLE		0	0	65,484
Aflac Inc.	COM	001055102	709	11,434	SH		SOLE		759	0	10,675
Agilent Technologies Inc.	COM	00846U101	3,038	59,270	SH		SOLE		56,576	0	2,694
Air Products & Chemicals Inc.	COM	009158106	2,370	22,235	SH		SOLE		21,660	0	575
Alcoa, Inc.	COM	013817101	123	15,156	SH		SOLE		0	0	15,156
Alexion Pharmaceuticals, Inc.	COM	015351109	754	6,495	SH		SOLE		6,495	0	0
Allergan, Inc.	COM	018490102	1,850	20,457	SH		SOLE		18,882	0	1,925
Allstate Corp	COM	020002101	726	14,362	SH		SOLE		13,250	0	1,112
Altria Group Inc.	COM	02209s103	316	9,213	SH		SOLE		8,012	0	3,901
Amazon.com, Inc.	COM	023135106	6,192	19,804	SH		SOLE		18,459	0	1,445
American Capital Agency Corp	COM	02503X105	392	17,375	SH		SOLE		17,000	0	375
American Express	COM	025816109	338	4,480	SH		SOLE		3,080	0	1,400
AmerisourceBergen Corp	COM	03073e105	2,217	36,285	SH		SOLE		17,735	0	18,550
Amgen, Inc.	COM	031162100	813	7,265	SH		SOLE		4,631	0	2,634
Amphenol Corp CL A	COM	032095101	4,774	61,699	SH		SOLE		52,809	0	8,890
Anadarko Petroleum	COM	032511107	855	9,194	SH		SOLE		2,499	0	6,695
Apache Corp	COM	037411105	370	4,345	SH		SOLE		2,195	0	2,150
Apple Computer Inc.	COM	037833100	7,531	15,796	SH		SOLE		13,318	0	2,518
Archer Daniels Midland	COM	039483102	335	9,105	SH		SOLE		9,105	0	0
Ares Capital Corporation	COM	04010L103	325	18,790	SH		SOLE		18,675	0	115
Atwood Oceanics, Inc.	COM	050095108	644	11,700	SH		SOLE		2,970	0	8,730
Automatic Data Processing	COM	053015103	2,190	30,255	SH		SOLE		5,530	0	24,725
Avago Technologies Ltd.	COM	Y0486S104	832	19,315	SH		SOLE		18,040	0	1,275
Barclays Bank PLC Pfd. 6.625%	PFD	06739f390	256	10,460	SH		SOLE		10,460	0	0
Baxter International Inc.	COM	071813109	209	3,176	SH		SOLE		800	0	2,376
Beam, Inc.	COM	073730103	1,453	22,475	SH		SOLE		20,675	0	1,800
Becton Dickinson & Company	COM	075887109	575	5,750	SH		SOLE		2,200	0	3,550
Bed Bath & Beyond, Inc.	COM	075896100	1,112	14,375	SH		SOLE		11,375	0	3,000
Berkshire Hathaway Inc. - Clas	COM	084670108	341	2	SH		SOLE		0	0	2
Berkshire Hathaway Inc. - Clas	COM	084670702	201	1,767	SH		SOLE		892	0	875
Blackrock Inc	COM	09247X101	2,668	9,860	SH		SOLE		9,205	0	765
Boeing Company	COM	097023105	210	1,791	SH		SOLE		1,641	0	150
Bristol Myers Squibb Co	COM	110122108	1,039	22,450	SH		SOLE		19,100	0	3,350
Broadcom Corporation	COM	111320107	461	17,725	SH		SOLE		5,055	0	12,670
C.R. Bard, Inc.	COM	067383109	6,097	52,929	SH		SOLE		11,315	0	41,214
CBOE Holdings, Inc.	COM	12503m108	1,116	24,675	SH		SOLE		23,675	0	1,000
CMS Energy Corporation	COM	125896100	647	24,575	SH		SOLE		24,075	0	500
CSX Corp	COM	126408103	388	15,088	SH		SOLE		15,088	0	0
CVS Caremark Corp	COM	126650100	3,403	59,957	SH		SOLE		5,307	0	54,650
Canadian National Railway Co.	COM	136375102	304	3,000	SH		SOLE		0	0	3,000
Canadian Pacific Railway Limit	COM	13645T100	210	1,700	SH		SOLE		200	0	1,500
Caterpillar Inc.	COM	149123101	673	8,066	SH		SOLE		6,066	0	2,000
Cedar Fair, L. P. Dep	COM	150185106	279	6,400	SH		SOLE		400	0	6,000
Celgene Corporation	COM	151020104	479	3,110	SH		SOLE		360	0	2,750
Chevron Corp	COM	166764100	16,401	134,990	SH		SOLE		61,253	0	73,487
Chicago Bridge & Iron Company	COM	167250109	7,903	116,620	SH		SOLE		18,875	0	97,045
Chubb Corp	COM	171232101	666	7,460	SH		SOLE		500	0	6,960
Church & Dwight Company, Inc.	COM	171340102	7,945	132,310	SH		SOLE		6,950	0	124,160
Cisco Systems Inc.	COM	17275R102	1,481	63,203	SH		SOLE		43,903	0	19,300
Clorox Co	COM	189054109	196	2,400	SH		SOLE		2,400	0	0
Coca Cola Company	COM	191216100	16,027	423,110	SH		SOLE		35,050	0	387,060
Cognizant Technology Solutions	COM	192446102	6,622	80,643	SH		SOLE		72,018	0	8,975
Colgate Palmolive Company	COM	194162103	1,400	23,617	SH		SOLE		17,317	0	6,300
Comcast Corp-Cl A	COM	20030N101	823	18,234	SH		SOLE		18,060	0	174
ConocoPhillips	COM	20825c104	665	9,565	SH		SOLE		5,210	0	4,355
Continental Resources, Inc.	COM	212015101	7,314	68,190	SH		SOLE		5,490	0	62,300
Costco Wholesale Corp.	COM	22160K105	3,980	34,560	SH		SOLE		21,895	0	12,865
Cummins Inc.	COM	231021106	2,658	20,005	SH		SOLE		17,605	0	2,600
Danaher Corporation	COM	235851102	2,970	42,840	SH		SOLE		35,340	0	7,500
Darden Restaurants Inc.	COM	237194105	398	8,600	SH		SOLE		8,500	0	100
Deere & Company	COM	244199105	498	6,118	SH		SOLE		6,118	0	0
Diamond Offshore Drilling, Inc	COM	25271C102	273	4,375	SH		SOLE		2,300	0	2,075
Dominion Resources	COM	25746U109	1,421	22,739	SH		SOLE		17,413	0	5,326
Dunkin' Brands Group, Inc.	COM	265504100	842	18,600	SH		SOLE		16,025	0	2,575
E I DuPont De Nemours & Co	COM	263534109	10,778	184,048	SH		SOLE		34,223	0	149,025
EMC Corporation	COM	268648102	11,378	445,154	SH		SOLE		176,966	0	267,588
Ebay Inc.	COM	278642103	8,739	156,633	SH		SOLE		20,789	0	134,844
Ecolab Inc.	COM	278865100	16,937	171,500	SH		SOLE		89,100	0	82,100
Edwards Lifesciences Corp	COM	28176E108	1,563	22,442	SH		SOLE		19,792	0	2,650
Eli Lilly & Co.	COM	532457108	346	6,870	SH		SOLE		4,720	0	2,150
Emerson Electric Co.	COM	291011104	2,440	37,705	SH		SOLE		31,355	0	6,350
Enbridge Inc.	COM	29250N105	288	6,900	SH		SOLE		0	0	6,900
Encana Corporation	COM	292505104	1,608	92,770	SH		SOLE		1,980	0	90,790
Endocyte Inc.	COM	29269A102	1,664	124,850	SH		SOLE		8,200	0	115,650
Estee Lauder Companies, Inc.	COM	518439104	253	3,618	SH		SOLE		3,618	0	0
Express Scripts Holding Co.	COM	30219G108	18,139	293,517	SH		SOLE		101,917	0	190,900
Exxon Mobil Corp	COM	30231G102	21,601	251,057	SH		SOLE		93,399	0	157,858
Facebook, Inc.	COM	30303M102	1,939	38,600	SH		SOLE		38,500	0	100
Family Dollar Stores, Inc.	COM	307000109	360	5,000	SH		SOLE		0	0	5,000
Fiserv Inc.	COM	337738108	2,489	24,630	SH		SOLE		1,710	0	22,920
Flowserve Corp	COM	34354P105	206	3,300	SH		SOLE		0	0	3,300
Fortune Brands Home & Security	COM	34964C106	721	17,325	SH		SOLE		16,625	0	700
Gannett Company Inc.	COM	364730101	643	24,000	SH		SOLE		24,000	0	0
General Dynamics Corp	COM	369550108	219	2,500	SH		SOLE		0	0	2,500
General Electric Corporation	COM	369604103	22,532	943,146	SH		SOLE		268,965	0	670,680
General Mills Inc.	COM	370334104	2,692	56,179	SH		SOLE		45,279	0	10,900
Genuine Parts Company	COM	372460105	601	7,435	SH		SOLE		1,325	0	6,110
Gilead Sciences, Inc.	COM	375558103	8,329	132,487	SH		SOLE		26,487	0	104,800
Glaxosmithkline Plc ADR	COM	37733W105	192	3,831	SH		SOLE		0	0	3,831
Google Inc Cl A	COM	38259P508	8,967	10,237	SH		SOLE		3,584	0	6,603
Grainger WW Inc	COM	384802104	5,432	20,755	SH		SOLE		12,778	0	8,077
HMS Holdings Corporation	COM	40425J101	1,044	48,591	SH		SOLE		44,941	0	3,650
Halliburton Co	COM	406216101	4,746	98,575	SH		SOLE		7,625	0	90,950
Health Care REIT, Inc.	COM	42217k106	844	13,525	SH		SOLE		11,975	0	1,550
Hershey Company	COM	427866108	1,365	14,760	SH		SOLE		700	0	14,060
Home Depot Inc.	COM	437076102	743	9,800	SH		SOLE		7,085	0	2,715
Honeywell International	COM	438516106	12,856	154,816	SH		SOLE		58,007	0	96,009
HSBC Holdings PLC 8.125%	PFD	404280703	211	8,200	SH		SOLE		8,200	0	0
ITC Holdings Corporation	COM	465685105	726	7,735	SH		SOLE		7,735	0	0
Illinois Tool Works Inc.	COM	452308109	10,028	131,478	SH		SOLE		51,616	0	79,862
Intel Corporation	COM	458140100	7,575	330,499	SH		SOLE		24,438	0	306,061
IntercontinentalExchange Inc.	COM	45865V100	5,071	27,953	SH		SOLE		25,923	0	2,155
International Business Machine	COM	459200101	15,870	85,703	SH		SOLE		21,162	0	64,341
Intuit Inc.	COM	461202103	504	7,600	SH		SOLE		7,600	0	0
iPATH Dow Jones UBS Commodity	ETF	06738C778	2,810	75,427	SH		SOLE		67,737	0	7,690
iShares Barclays 7-10 Year Tre	ETF	464287440	1,253	12,275	SH		SOLE		12,275	0	0
iShares Barclays US TIPS Fund	ETF	464287176	2,979	26,463	SH		SOLE		23,888	0	2,575
iShares COMEX Gold Trust	ETF	464285105	137	10,650	SH		SOLE		10,650	0	0
iShares Core S&P MidCap	ETF	464287507	11,204	90,256	SH		SOLE		77,381	0	12,875
iShares Core S&P SmallCap	ETF	464287804	18,126	181,620	SH		SOLE		109,530	0	72,090
iShares Core Total US Bond Mar	ETF	464287226	3,188	29,741	SH		SOLE		26,691	0	3,050
iShares Dow Jones US Oil & Gas	COM	464288851	1,566	20,100	SH		SOLE		18,025	0	2,075
iShares Dow Jones US Oil Equip	COM	464288844	789	12,593	SH		SOLE		11,843	0	750
iShares Intermediate Credit Bo	ETF	464288638	1,503	13,925	SH		SOLE		13,100	0	825
iShares JPMorgan Emerg Mrkts B	ETF	464288281	2,165	19,860	SH		SOLE		19,360	0	500
iShares MSCI Australia ETF	ETF	464286103	652	25,800	SH		SOLE		23,275	0	2,525
iShares MSCI Canada Index	ETF	464286509	910	32,160	SH		SOLE		25,380	0	6,780
iShares MSCI EAFE Small Cap In	ETF	464288273	855	17,630	SH		SOLE		15,855	0	1,775
iShares MSCI Emerging Markets	ETF	464287234	5,045	123,778	SH		SOLE		111,013	0	12,765
iShares MSCI Hong Kong Index	ETF	464286871	634	31,650	SH		SOLE		28,425	0	3,225
iShares Nasdaq Biotechnology I	COM	464287556	3,891	18,565	SH		SOLE		17,145	0	1,420
iShares Russell 1000 Growth In	ETF	464287614	399	5,108	SH		SOLE		4,458	0	650
iShares Russell 3000	ETF	464287689	273	2,695	SH		SOLE		2,695	0	0
iShares Russell Midcap Index F	ETF	464287499	1,368	9,840	SH		SOLE		9,165	0	675
iShares S&P 500 Index Fund	ETF	464287200	1,023	6,056	SH		SOLE		5,831	0	225
iShares S&P National AMT-Free	ETF	464288414	2,977	28,495	SH		SOLE		25,345	0	3,150
iShares Tr Barclays 1-3 Year	ETF	464288646	4,864	46,201	SH		SOLE		43,201	0	3,000
iShares Tr MSCI EAFE Index	ETF	464287465	13,315	208,689	SH		SOLE		185,427	0	23,262
iShares iBoxx $ Inv Grade Corp	ETF	464287242	542	4,775	SH		SOLE		3,750	0	1,025
iShares iBoxx High Yield Corpo	ETF	464288513	234	2,560	SH		SOLE		2,260	0	300
Inventure Foods, Inc.	COM	461212102	105	10,000	SH		SOLE		0	0	10,000
Iron Mountain Inc.	COM	462846106	876	32,425	SH		SOLE		32,275	0	150
Isle of Capri Casinos, Inc.	COM	464592104	2,028	268,244	SH		SOLE		268,244	0	0
J P Morgan Chase & Co	COM	46625H100	5,639	109,102	SH		SOLE		99,607	0	9,995
JPMorgan Chase & Co Alerian ML	ETF	46625H365	5,634	126,317	SH		SOLE		115,017	0	11,300
Jacobs Engineering Group Inc	COM	469814107	4,689	80,595	SH		SOLE		74,345	0	6,550
Japan Equity Fund	ETF	471057109	88	12,867	SH		SOLE		0	0	12,867
Johnson & Johnson Co.	COM	478160104	20,093	231,781	SH		SOLE		32,561	0	199,220
Johnson Controls, Inc.	COM	478366107	8,877	213,899	SH		SOLE		26,414	0	187,485
Kellogg Company	COM	487836108	5,238	89,185	SH		SOLE		4,160	0	85,025
Kimberly-Clark Corp	COM	494368103	1,231	13,067	SH		SOLE		9,642	0	3,425
Kinder Morgan Energy Partners,	COM	494550106	375	4,700	SH		SOLE		100	0	4,600
Kohls Corp	COM	500255104	5,872	113,468	SH		SOLE		2,893	0	110,575
Koninklijke Philips Electrs NV	COM	500472303	649	20,127	SH		SOLE		1,485	0	18,642
Kraft Foods Group, Inc.	COM	50076Q106	1,926	36,691	SH		SOLE		32,690	0	4,351
LKQ Corporation	COM	501889208	9,587	300,809	SH		SOLE		14,600	0	284,209
Laboratory Corp Amer Hldgs	COM	50540R409	444	4,475	SH		SOLE		400	0	4,075
Laclede Group Inc.	COM	505597104	270	5,990	SH		SOLE		0	0	5,990
Leggett & Platt Inc Com	COM	524660107	409	13,550	SH		SOLE		13,200	0	350
Lockheed Martin Corpration	COM	539830109	764	5,990	SH		SOLE		5,990	0	0
Lowes Companies Inc.	COM	548661107	1,624	34,120	SH		SOLE		31,320	0	2,800
Marsh & McLennan Companies, In	COM	571748102	1,227	28,178	SH		SOLE		7,100	0	21,078
MasterCard, Inc.	COM	57636Q104	2,261	3,360	SH		SOLE		200	0	3,160
Mattel Inc.	COM	577081102	696	16,625	SH		SOLE		16,425	0	200
McDonalds Corp	COM	580135101	3,915	40,690	SH		SOLE		16,587	0	24,353
McKesson Corporation	COM	58155Q103	6,923	53,957	SH		SOLE		3,057	0	50,500
Medtronic Inc.	COM	585055106	453	8,509	SH		SOLE		5,980	0	2,529
Merck & Co., Inc.	COM	58933Y105	4,038	84,815	SH		SOLE		73,465	0	11,350
MetLife, Inc.	COM	59156R108	2,829	60,251	SH		SOLE		44,396	0	15,855
Microchip Technology, Inc.	COM	595017104	694	17,225	SH		SOLE		16,950	0	275
Microsoft Corp	COM	594918104	8,591	258,144	SH		SOLE		21,915	0	236,229
Mid-America Apartment Communit	COM	59522j103	597	9,550	SH		SOLE		9,550	0	0
Mondelez Int'l Inc/Frmrly Kraf	COM	609207105	2,481	78,954	SH		SOLE		61,094	0	18,510
National Oilwell Varco Inc.	COM	637071101	716	9,170	SH		SOLE		2,405	0	6,765
Nestle SA-Sponsored ADR	COM	641069406	11,939	171,535	SH		SOLE		5,737	0	165,798
Nextera Energy, Inc.	COM	65339F101	1,349	16,830	SH		SOLE		15,630	0	1,200
Nike Inc	COM	654106103	1,678	23,106	SH		SOLE		23,106	0	0
Norfolk Southern Corp	COM	655844108	418	5,400	SH		SOLE		5,400	0	0
Northern Trust Corp	COM	665859104	3,989	73,348	SH		SOLE		6,355	0	66,993
Novartis AG	COM	66987V109	5,296	69,034	SH		SOLE		53,504	0	15,830
O'Reilly Automotive, Inc.	COM	67103H107	447	3,500	SH		SOLE		0	0	3,500
O.T. Mining Corporation	COM	671061109	6	30,000	SH		SOLE		0	0	30,000
Occidental Petroleum Corp	COM	674599105	5,241	56,030	SH		SOLE		3,580	0	51,950
Omnicom Group Inc.	COM	681919106	3,242	51,107	SH		SOLE		46,557	0	4,550
Oracle Systems Corporation	COM	68389X105	8,968	270,353	SH		SOLE		150,670	0	120,183
PETsMART, Inc.	COM	716768106	9,910	129,955	SH		SOLE		40,530	0	89,275
Paychex Inc.	COM	704326107	242	5,950	SH		SOLE		1,500	0	4,450
Pepsico Inc	COM	713448108	19,487	245,124	SH		SOLE		75,931	0	168,993
Perrigo Co.	COM	714290103	2,751	22,297	SH		SOLE		19,997	0	2,300
Pfizer, Inc	COM	717081103	8,863	308,548	SH		SOLE		82,587	0	225,961
Philip Morris International, I	COM	718172109	13,132	151,653	SH		SOLE		32,069	0	118,584
Plum Creek Timber Company, Inc	COM	729251108	2,220	47,415	SH		SOLE		20,425	0	26,990
PowerShares Senior Loan Portfo	ETF	73936Q769	639	25,875	SH		SOLE		23,375	0	2,500
Praxair Inc	COM	74005P104	4,243	35,293	SH		SOLE		32,903	0	2,390
PrivateBancorp, Inc.	COM	742962103	1,289	60,232	SH		SOLE		21,896	0	38,336
Procter & Gamble Co	COM	742718109	6,276	83,029	SH		SOLE		69,686	0	13,693
Qualcomm Inc.	COM	747525103	7,767	115,373	SH		SOLE		104,573	0	11,000
Rayonier, Inc.	COM	754907103	605	10,873	SH		SOLE		10,723	0	150
Realty Income Corporation	COM	756109104	634	15,950	SH		SOLE		15,800	0	150
Regeneron Pharmaceuticals, Inc	COM	75886f107	4,241	13,556	SH		SOLE		450	0	13,006
Republic Services, Inc.	COM	760759100	267	8,000	SH		SOLE		0	0	8,000
Roper Industries Inc New	COM	776696106	1,157	8,710	SH		SOLE		7,210	0	1,500
Royal Dutch Shell PLC ADR CL A	COM	780259206	1,278	19,456	SH		SOLE		14,790	0	4,666
Royal Dutch Shell PLC ADR CL B	COM	780259107	632	9,175	SH		SOLE		475	0	8,700
SPDR Financial Select Sector	COM	81369Y605	462	23,195	SH		SOLE		23,195	0	0
Salesforce Com Inc.	COM	79466L302	2,128	40,988	SH		SOLE		38,588	0	2,400
Schlumberger Ltd	COM	806857108	5,633	63,748	SH		SOLE		55,538	0	8,470
Seadrill Ltd.	COM	G7945E105	1,279	28,361	SH		SOLE		22,111	0	6,250
Sherwin Williams Co	COM	824348106	1,476	8,100	SH		SOLE		0	0	8,100
Simon Property Group Inc.	COM	828806109	792	5,345	SH		SOLE		5,120	0	225
Sirona Dental Systems, Inc.	COM	82966C103	281	4,200	SH		SOLE		0	0	4,200
Skyworks Solutions, Inc.	COM	83088M102	868	34,935	SH		SOLE		8,305	0	26,630
Southern Company	COM	842587107	1,221	29,651	SH		SOLE		18,701	0	10,950
SPDR Barclays Capital High Yie	ETF	78464A417	2,497	62,664	SH		SOLE		62,664	0	0
SPDR Barclays Capital Short Te	ETF	78468R408	2,301	75,350	SH		SOLE		73,400	0	1,950
SPDR Gold Trust	ETF	78463V107	3,056	23,840	SH		SOLE		10,480	0	13,360
SPDR S&P 500 ETF Trust	ETF	78462F103	8,007	47,659	SH		SOLE		40,934	0	6,725
SPDR S&P International SmallCa	ETF	78463X871	1,067	32,637	SH		SOLE		28,702	0	3,935
SPDR S&P Midcap 400 ETF TR	ETF	78467Y107	5,198	22,965	SH		SOLE		22,965	0	0
Spectra Energy Corporation	COM	847560109	477	13,925	SH		SOLE		13,725	0	200
Starbucks Corp	COM	855244109	7,716	100,252	SH		SOLE		92,242	0	8,510
Stericycle Inc.	COM	858912108	5,774	50,035	SH		SOLE		46,560	0	3,475
Stryker Corporation	COM	863667101	8,404	124,338	SH		SOLE		14,805	0	109,533
SunEdison, Inc.\Frmrly MEMC El	COM	86732y109	108	13,530	SH		SOLE		0	0	13,530
Sysco Corporation	COM	871829107	567	17,800	SH		SOLE		0	0	17,800
T. Rowe Price Group, Inc.	COM	74144T108	615	8,545	SH		SOLE		8,545	0	0
TJX Companies Inc.	COM	872540109	2,313	41,023	SH		SOLE		34,248	0	6,775
Target Corp	COM	87612E106	2,598	40,599	SH		SOLE		33,424	0	7,175
Teva Pharmaceutical Inds Ltd A	COM	881624209	1,359	35,966	SH		SOLE		24,841	0	11,125
Texas Instruments Inc.	COM	882508104	685	17,000	SH		SOLE		17,000	0	0
Thermo Fisher Scientific, Inc.	COM	883556102	5,627	61,065	SH		SOLE		55,745	0	5,520
Towers Watson & Company	COM	891894107	5,390	50,395	SH		SOLE		2,420	0	47,975
Tractor Supply Company	COM	892356106	2,247	33,450	SH		SOLE		31,900	0	1,850
Tupperware Brands Corporation	COM	899896104	622	7,200	SH		SOLE		7,200	0	0
Twenty-First Century Fox, Inc.	COM	90130A101	273	8,144	SH		SOLE		0	0	8,144
UGI Corp New	COM	902681105	333	8,500	SH		SOLE		0	0	8,500
US Bancorp Del New	COM	902973304	933	25,513	SH		SOLE		24,063	0	1,450
Union Pacific Corp	COM	907818108	14,558	93,714	SH		SOLE		34,839	0	58,575
Unit Corporation	COM	909218109	207	4,450	SH		SOLE		650	0	3,800
United Technologies Corp	COM	913017109	10,911	101,195	SH		SOLE		33,767	0	66,928
UnitedHealth Group, Inc.	COM	91324p102	1,969	27,494	SH		SOLE		24,244	0	3,250
Vanguard Emerging Markets	ETF	922042858	558	13,904	SH		SOLE		13,329	0	575
Vanguard FTSE All-World Ex-US	ETF	922042775	8,669	178,367	SH		SOLE		159,877	0	18,490
Vanguard MSCI EAFE ETF	ETF	921943858	523	13,225	SH		SOLE		13,225	0	0
Vanguard Mid-Cap ETF	ETF	922908629	722	7,050	SH		SOLE		6,800	0	250
Vanguard REIT	ETF	922908553	1,232	18,630	SH		SOLE		18,630	0	0
Vanguard Short-Term Inflation	ETF	922020805	1,236	25,000	SH		SOLE		25,000	0	0
Vanguard Small-Cap ETF	ETF	922908751	1,757	17,140	SH		SOLE		17,140	0	0
Vanguard Total Bond Market Fun	ETF	921937835	1,968	24,338	SH		SOLE		15,988	0	8,350
Vanguard Total Stock Market VI	ETF	922908769	2,099	23,944	SH		SOLE		23,894	0	50
Vectren Corporation	COM	92240g101	948	28,425	SH		SOLE		28,425	0	0
Verizon Communications	COM	92343V104	1,680	35,987	SH		SOLE		31,669	0	4,318
Viacom Inc. Class B New	COM	92553P201	2,948	35,266	SH		SOLE		3,313	0	31,953
Visa Inc.	COM	92826C839	2,098	10,976	SH		SOLE		5,526	0	5,450
Vodafone Group PLC New	COM	92857w209	12,364	351,440	SH		SOLE		44,410	0	305,580
WGL Holdings, Inc.	COM	92924F106	284	6,650	SH		SOLE		750	0	5,900
Wal-Mart Stores, Inc.	COM	931142103	7,728	104,485	SH		SOLE		4,460	0	100,025
Walgreen Co.	COM	931422109	12,490	232,149	SH		SOLE		33,150	0	198,999
Walt Disney Co.	COM	254687106	12,776	198,115	SH		SOLE		22,505	0	175,610
Wells Fargo & Co.	COM	949746101	5,710	138,186	SH		SOLE		113,211	0	24,975
Windstream Holdings, Inc.	COM	97382A101	171	21,400	SH		SOLE		19,600	0	1,800
Workday, Inc.	COM	98138H101	656	8,100	SH		SOLE		7,625	0	475
YUM! Brands, Inc.	COM	988498101	214	3,000	SH		SOLE		2,540	0	460
Yahoo Inc.	COM	984332106	1,251	37,700	SH		SOLE		37,700	0	0
Zebra Technologies Corp	COM	989207105	289	6,336	SH		SOLE		0	0	6,336