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

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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	15,750	88,201	SH		SOLE		47,865	0	40,336
A.O. Smith Corporation	COM	831865209	1,100	23,240	SH		SOLE		23,240	0	0
Abbott Laboratories	COM	002824100	13,144	342,193	SH		SOLE		165,555	0	176,638
AbbVie Inc.	COM	00287Y109	6,758	107,920	SH		SOLE		58,345	0	49,575
Accenture PLC	COM	G1151C101	18,768	160,236	SH		SOLE		101,657	0	58,579
Acuity Brands, Inc.	COM	00508Y102	1,736	7,520	SH		SOLE		6,790	0	730
Advanced Energy Industries, In	COM	007973100	1,351	24,675	SH		SOLE		22,800	0	1,875
Advanced Viral Research Corp	COM	007928104	0	65,484	SH		SOLE		0	0	65,484
Affiliated Managers Group, Inc	COM	008252108	427	2,940	SH		SOLE		2,885	0	55
Aflac Inc.	COM	001055102	278	4,000	SH		SOLE		4,000	0	0
Agilent Technologies Inc.	COM	00846U101	573	12,585	SH		SOLE		12,585	0	0
Air Products & Chemicals Inc.	COM	009158106	2,840	19,750	SH		SOLE		19,460	0	290
Allergan plc	COM	G0177J108	2,060	9,807	SH		SOLE		7,325	0	2,482
Alphabet Inc. Cl A	COM	02079K305	7,334	9,255	SH		SOLE		6,014	0	3,241
Alphabet Inc. Cl C	COM	02079K107	25,150	32,585	SH		SOLE		19,921	0	12,664
Altria Group Inc.	COM	02209s103	435	6,433	SH		SOLE		5,033	0	1,400
Amazon.com, Inc.	COM	023135106	9,865	13,156	SH		SOLE		12,372	0	784
American Express	COM	025816109	7,060	95,303	SH		SOLE		61,628	0	33,675
American International Group	COM	026874784	1,110	17,000	SH		SOLE		16,300	0	700
American Water Works Co.	COM	030420103	991	13,700	SH		SOLE		11,960	0	1,740
Amgen, Inc.	COM	031162100	8,639	59,087	SH		SOLE		28,178	0	30,909
Amphenol Corp CL A	COM	032095101	6,458	96,103	SH		SOLE		90,708	0	5,395
Anadarko Petroleum	COM	032511107	771	11,050	SH		SOLE		8,175	0	2,875
Anheuser-Busch InBev NV ADR	COM	03524A108	821	7,785	SH		SOLE		7,725	0	60
Aon PLC CL A	COM	G0408V102	207	1,860	SH		SOLE		1,860	0	0
Apple Computer Inc.	COM	037833100	10,623	91,720	SH		SOLE		85,237	0	6,483
Ares Capital Corporation	COM	04010L103	864	52,425	SH		SOLE		52,425	0	0
Arrow Electronics, Inc.	COM	042735100	1,155	16,195	SH		SOLE		16,070	0	125
AT&T Inc.	COM	00206R102	4,984	117,188	SH		SOLE		99,263	0	17,925
Automatic Data Processing	COM	053015103	2,473	24,060	SH		SOLE		15,475	0	8,585
AutoZone, Inc.	COM	053332102	2,978	3,770	SH		SOLE		1,880	0	1,890
B/E Aerospace, Inc.	COM	073302101	516	8,565	SH		SOLE		8,440	0	125
Bank of New York Mellon Corp	COM	064058100	342	7,223	SH		SOLE		7,223	0	0
Becton Dickinson & Company	COM	075887109	852	5,145	SH		SOLE		3,670	0	1,475
Berkshire Hathaway Inc. - Clas	COM	084670702	236	1,450	SH		SOLE		1,435	0	15
Biogen IDEC, Inc.	COM	09062X103	1,214	4,282	SH		SOLE		4,137	0	145
Blackrock Inc	COM	09247X101	4,282	11,252	SH		SOLE		10,201	0	1,051
Boeing Company	COM	097023105	322	2,066	SH		SOLE		1,716	0	350
Bristol Myers Squibb Co	COM	110122108	1,102	18,849	SH		SOLE		15,449	0	3,400
Broadcom Limited/Frmrly Avago	COM	Y09827109	1,345	7,610	SH		SOLE		7,055	0	555
Caterpillar Inc.	COM	149123101	306	3,300	SH		SOLE		3,300	0	0
CBOE Holdings, Inc.	COM	12503m108	1,446	19,575	SH		SOLE		18,575	0	1,000
Cedar Fair, L. P. Dep	COM	150185106	684	10,650	SH		SOLE		10,650	0	0
Celgene Corporation	COM	151020104	20,930	180,823	SH		SOLE		108,713	0	72,110
Centene Corporation	COM	15135B101	268	4,742	SH		SOLE		4,240	0	502
Cerner Corp	COM	156782104	1,221	25,780	SH		SOLE		23,380	0	2,400
Charles Schwab Corp. New	COM	808513105	1,485	37,635	SH		SOLE		37,380	0	255
Chevron Corp	COM	166764100	6,876	58,422	SH		SOLE		53,037	0	5,385
Chubb Limited	COM	H1467J104	1,945	14,725	SH		SOLE		11,703	0	3,022
Church & Dwight Company, Inc.	COM	171340102	8,409	190,297	SH		SOLE		88,066	0	102,231
Cisco Systems Inc.	COM	17275R102	1,782	58,962	SH		SOLE		56,287	0	2,675
CME Group Inc. Class A	COM	12572Q105	449	3,895	SH		SOLE		3,895	0	0
CMS Energy Corporation	COM	125896100	1,091	26,225	SH		SOLE		26,225	0	0
Coca Cola Company	COM	191216100	9,236	222,762	SH		SOLE		126,047	0	96,715
Cognizant Technology Solutions	COM	192446102	7,092	126,577	SH		SOLE		121,027	0	5,550
Colgate Palmolive Company	COM	194162103	1,830	27,972	SH		SOLE		26,668	0	1,304
Comcast Corp-Cl A	COM	20030N101	1,577	22,845	SH		SOLE		21,237	0	1,608
Compass Minerals International	COM	20451N101	616	7,860	SH		SOLE		7,770	0	90
Costco Wholesale Corp.	COM	22160K105	14,134	88,276	SH		SOLE		57,553	0	30,723
Crown Castle International Cor	COM	22822V101	1,925	22,190	SH		SOLE		20,315	0	1,875
Cubic Corporation	COM	229669106	208	4,330	SH		SOLE		4,145	0	185
CVS Caremark Corp	COM	126650100	1,769	22,413	SH		SOLE		22,303	0	110
Danaher Corporation	COM	235851102	12,307	158,107	SH		SOLE		97,327	0	60,780
Deere & Company	COM	244199105	268	2,600	SH		SOLE		2,600	0	0
DENTSPLY SIRONA, Inc.	COM	24906P109	408	7,074	SH		SOLE		6,349	0	725
DineEquity, Inc.	COM	254423106	585	7,600	SH		SOLE		7,600	0	0
Dollar Tree Stores, Inc.	COM	256746108	1,152	14,925	SH		SOLE		14,475	0	450
Dominion Resources	COM	25746U109	1,211	15,817	SH		SOLE		13,819	0	1,998
Dow Chemical Company	COM	260543103	910	15,910	SH		SOLE		15,910	0	0
E I DuPont De Nemours & Co	COM	263534109	5,975	81,405	SH		SOLE		46,828	0	34,577
Ecolab Inc.	COM	278865100	13,464	114,865	SH		SOLE		87,690	0	27,175
Edwards Lifesciences Corp	COM	28176E108	2,295	24,490	SH		SOLE		22,340	0	2,150
Eli Lilly & Co.	COM	532457108	379	5,153	SH		SOLE		4,053	0	1,100
Emerson Electric Co.	COM	291011104	2,042	36,635	SH		SOLE		31,985	0	4,650
EOG Resources	COM	26875P101	1,298	12,835	SH		SOLE		11,860	0	975
Equifax, Inc.	COM	294429105	1,126	9,520	SH		SOLE		8,770	0	750
Equity Commonwealth	COM	294628102	436	14,425	SH		SOLE		14,425	0	0
Estee Lauder Companies, Inc.	COM	518439104	277	3,618	SH		SOLE		3,618	0	0
Exelon Corporation	COM	30161N101	207	5,843	SH		SOLE		3,993	0	1,850
Express Scripts Holding Co.	COM	30219G108	17,973	261,276	SH		SOLE		156,478	0	104,798
Extra Space Storage, Inc.	COM	30225T102	1,529	19,800	SH		SOLE		13,800	0	6,000
Exxon Mobil Corp	COM	30231G102	25,066	277,709	SH		SOLE		176,115	0	101,594
Facebook, Inc.	COM	30303M102	17,042	148,125	SH		SOLE		98,840	0	49,285
Fastenal Company	COM	311900104	230	4,900	SH		SOLE		4,900	0	0
FedEx Corp	COM	31428x106	10,305	55,345	SH		SOLE		28,345	0	27,000
First Foundation Inc.	COM	32026V104	667	23,400	SH		SOLE		0	0	23,400
Fiserv Inc.	COM	337738108	4,726	44,470	SH		SOLE		29,700	0	14,770
Fortis, Inc.	COM	349553107	501	16,232	SH		SOLE		15,632	0	600
Fortive Corporation	COM	34959J108	3,163	58,985	SH		SOLE		38,186	0	20,799
Franklin Electric Company, Inc	COM	353514102	1,489	38,275	SH		SOLE		38,060	0	215
General Dynamics Corp	COM	369550108	6,017	34,850	SH		SOLE		14,650	0	20,200
General Electric Corporation	COM	369604103	26,672	844,063	SH		SOLE		510,759	0	333,304
General Mills Inc.	COM	370334104	3,185	51,563	SH		SOLE		48,913	0	2,650
Genuine Parts Company	COM	372460105	619	6,475	SH		SOLE		6,175	0	300
Gilead Sciences, Inc.	COM	375558103	258	3,605	SH		SOLE		3,605	0	0
Grainger WW Inc	COM	384802104	1,057	4,550	SH		SOLE		550	0	4,000
Guggenheim BulletShares 2020 C	ETF	18383M514	355	16,749	SH		SOLE		16,349	0	400
Guggenheim BulletShares 2021 C	ETF	18383M266	230	10,973	SH		SOLE		10,573	0	400
Hawaiian Electric Industries I	COM	419870100	222	6,700	SH		SOLE		0	0	6,700
Hershey Company	COM	427866108	1,185	11,460	SH		SOLE		1,460	0	10,000
Home Depot Inc.	COM	437076102	1,793	13,375	SH		SOLE		10,760	0	2,615
Honeywell International	COM	438516106	16,434	141,853	SH		SOLE		97,281	0	44,572
IDEXX Laboratories, Inc.	COM	45168D104	657	5,600	SH		SOLE		5,600	0	0
Illinois Tool Works Inc.	COM	452308109	13,949	113,907	SH		SOLE		71,632	0	42,275
Intel Corporation	COM	458140100	10,775	297,072	SH		SOLE		131,415	0	165,657
IntercontinentalExchange Group	COM	45866F104	5,749	101,905	SH		SOLE		95,475	0	6,430
International Business Machine	COM	459200101	6,737	40,586	SH		SOLE		25,274	0	15,312
Intuit Inc.	COM	461202103	688	6,000	SH		SOLE		6,000	0	0
iPATH Dow Jones UBS Commodity	ETF	06738C778	554	22,850	SH		SOLE		20,650	0	2,200
iShares 0-5 Year TIPS Bond ETF	ETF	46429B747	638	6,330	SH		SOLE		4,435	0	1,895
iShares Core MSCI Emerging Mar	ETF	46434G103	1,547	36,445	SH		SOLE		30,625	0	5,820
iShares Core S&P MidCap	ETF	464287507	13,446	81,322	SH		SOLE		73,157	0	8,165
iShares Core S&P SmallCap	ETF	464287804	20,800	151,252	SH		SOLE		134,917	0	16,335
iShares Core Total US Bond Mar	ETF	464287226	3,415	31,607	SH		SOLE		25,080	0	6,527
iShares DJ Select Dividend Ind	ETF	464287168	221	2,500	SH		SOLE		2,000	0	500
iShares Dow Jones U.S. Technol	ETF	464287721	283	2,350	SH		SOLE		2,350	0	0
iShares Dow Jones US Oil & Gas	COM	464288851	461	7,050	SH		SOLE		6,375	0	675
iShares Dow Jones US Oil Equip	COM	464288844	233	5,125	SH		SOLE		4,625	0	500
iShares iBoxx $ Inv Grade Corp	ETF	464287242	695	5,935	SH		SOLE		4,935	0	1,000
iShares Intermediate Credit Bo	ETF	464288638	3,017	27,890	SH		SOLE		23,590	0	4,300
iShares JPMorgan Emerg Mrkts B	ETF	464288281	585	5,305	SH		SOLE		4,780	0	525
iShares MSCI EAFE Small Cap In	ETF	464288273	1,072	21,510	SH		SOLE		18,685	0	2,825
iShares MSCI Emerging Markets	ETF	464287234	1,609	45,946	SH		SOLE		43,131	0	2,815
iShares Nasdaq Biotechnology I	COM	464287556	3,776	14,229	SH		SOLE		13,154	0	1,075
iShares National Muni Bond Fun	ETF	464288414	3,892	35,975	SH		SOLE		31,425	0	4,550
iShares Russell 1000 Growth In	ETF	464287614	873	8,320	SH		SOLE		8,060	0	260
iShares Russell 2000 Index Fun	ETF	464287655	262	1,941	SH		SOLE		1,381	0	560
iShares Russell 3000	ETF	464287689	708	5,325	SH		SOLE		5,175	0	150
iShares Russell Midcap Index F	ETF	464287499	1,556	8,699	SH		SOLE		7,178	0	1,521
iShares S&P 500 Growth Index F	ETF	464287309	247	2,025	SH		SOLE		1,950	0	75
iShares S&P 500 Index Fund	ETF	464287200	1,435	6,376	SH		SOLE		4,125	0	2,251
iShares S&P Global Energy Inde	COM	464287341	851	24,450	SH		SOLE		15,250	0	9,200
iShares S&P Short Term Nat'l A	ETF	464288158	223	2,120	SH		SOLE		2,120	0	0
iShares Tr Barclays 1-3 Year	ETF	464288646	5,173	49,296	SH		SOLE		42,346	0	6,950
iShares Tr MSCI EAFE Index	ETF	464287465	15,322	265,408	SH		SOLE		236,973	0	28,435
iShares U.S. Preferred Stock	ETF	464288687	2,462	66,175	SH		SOLE		61,275	0	4,900
Isle of Capri Casinos, Inc.	COM	464592104	2,693	109,055	SH		SOLE		109,055	0	0
J P Morgan Chase & Co	COM	46625H100	8,421	97,587	SH		SOLE		86,768	0	10,819
Jacobs Engineering Group Inc	COM	469814107	339	5,945	SH		SOLE		5,945	0	0
John Bean Technologies Corp	COM	477839104	453	5,275	SH		SOLE		5,275	0	0
Johnson & Johnson Co.	COM	478160104	22,861	198,427	SH		SOLE		103,343	0	95,084
Johnson Controls International	COM	G51502105	668	16,222	SH		SOLE		16,222	0	0
JPMorgan Chase & Co Alerian ML	ETF	46625H365	3,177	100,502	SH		SOLE		89,702	0	10,800
KeyCorp	COM	493267108	1,089	59,600	SH		SOLE		59,600	0	0
Keysight Technologies, Inc.	COM	49338L103	216	5,911	SH		SOLE		5,911	0	0
Kimberly-Clark Corp	COM	494368103	1,013	8,877	SH		SOLE		5,702	0	3,175
Kraft Heinz Company/The	COM	500754106	12,442	142,491	SH		SOLE		86,858	0	55,633
Laboratory Corp Amer Hldgs	COM	50540R409	539	4,200	SH		SOLE		4,200	0	0
Lamar Advertising Company	COM	512816109	1,005	14,950	SH		SOLE		14,950	0	0
Las Vegas Sands Corp	COM	517834107	903	16,900	SH		SOLE		16,900	0	0
Leggett & Platt Inc Com	COM	524660107	722	14,775	SH		SOLE		14,775	0	0
LKQ Corporation	COM	501889208	304	9,930	SH		SOLE		9,930	0	0
Lockheed Martin Corpration	COM	539830109	1,306	5,225	SH		SOLE		5,225	0	0
Lowes Companies Inc.	COM	548661107	2,105	29,600	SH		SOLE		29,600	0	0
Macquarie Infrastructure Corpo	COM	55608B105	846	10,350	SH		SOLE		10,350	0	0
Marathon Petroleum Corporation	COM	56585A102	1,141	22,662	SH		SOLE		20,937	0	1,725
Marsh & McLennan Companies, In	COM	571748102	1,137	16,824	SH		SOLE		9,800	0	7,024
MasterCard, Inc.	COM	57636Q104	6,787	65,735	SH		SOLE		32,865	0	32,870
McDonalds Corp	COM	580135101	4,184	34,370	SH		SOLE		25,370	0	9,000
Merck & Co., Inc.	COM	58933Y105	3,764	63,943	SH		SOLE		57,393	0	6,550
MetLife, Inc.	COM	59156R108	2,048	38,010	SH		SOLE		35,220	0	2,790
Microchip Technology, Inc.	COM	595017104	762	11,875	SH		SOLE		11,875	0	0
Microsoft Corp	COM	594918104	26,221	421,971	SH		SOLE		237,124	0	184,847
Mondelez International, Inc.	COM	609207105	460	10,378	SH		SOLE		10,102	0	276
Nestle SA-Sponsored ADR	COM	641069406	11,253	156,858	SH		SOLE		73,927	0	82,931
Nextera Energy, Inc.	COM	65339F101	1,674	14,016	SH		SOLE		14,016	0	0
Nike Inc	COM	654106103	3,182	62,609	SH		SOLE		57,224	0	5,385
Norfolk Southern Corp	COM	655844108	286	2,650	SH		SOLE		2,650	0	0
Northern Trust Corp	COM	665859104	6,377	71,607	SH		SOLE		35,062	0	36,545
Northrop Grumman Corporation	COM	666807102	1,750	7,524	SH		SOLE		6,429	0	1,095
Novartis AG	COM	66987V109	4,341	59,592	SH		SOLE		56,154	0	3,438
NXP Semiconductors NV	COM	N6596X109	4,629	47,225	SH		SOLE		45,750	0	1,475
Old Dominion Freight Line, Inc	COM	679580100	676	7,880	SH		SOLE		7,770	0	110
Omnicom Group Inc.	COM	681919106	2,675	31,427	SH		SOLE		29,377	0	2,050
Oracle Systems Corporation	COM	68389X105	7,171	186,507	SH		SOLE		131,482	0	55,025
O'Reilly Automotive, Inc.	COM	67103H107	2,105	7,560	SH		SOLE		7,255	0	305
Packaging Corp of America	COM	695156109	244	2,875	SH		SOLE		2,875	0	0
PacWest Bancorp	COM	695263103	965	17,725	SH		SOLE		17,725	0	0
Palo Alto Networks, Inc.	COM	697435105	2,854	22,820	SH		SOLE		22,130	0	690
Paychex Inc.	COM	704326107	325	5,335	SH		SOLE		3,900	0	1,435
PayPal Holdings, Inc.	COM	70450Y103	286	7,240	SH		SOLE		7,240	0	0
Pepsico Inc	COM	713448108	26,071	249,172	SH		SOLE		151,578	0	97,594
Pfizer, Inc	COM	717081103	9,513	292,895	SH		SOLE		179,325	0	113,570
Philip Morris International, I	COM	718172109	11,124	121,589	SH		SOLE		55,193	0	66,396
Power Integrations, Inc.	COM	739276103	876	12,910	SH		SOLE		12,760	0	150
PowerShares Senior Loan Portfo	ETF	73936Q769	964	41,275	SH		SOLE		36,175	0	5,100
Praxair Inc	COM	74005P104	3,143	26,819	SH		SOLE		24,714	0	2,105
PrivateBancorp, Inc.	COM	742962103	1,008	18,600	SH		SOLE		18,000	0	600
Procter & Gamble Co	COM	742718109	4,403	52,363	SH		SOLE		44,867	0	7,496
Public Storage	COM	74460D109	6,806	30,450	SH		SOLE		15,100	0	15,350
Qualcomm Inc.	COM	747525103	1,251	19,180	SH		SOLE		19,180	0	0
Raytheon Co	COM	755111507	476	3,355	SH		SOLE		3,355	0	0
Regeneron Pharmaceuticals, Inc	COM	75886f107	1,698	4,625	SH		SOLE		2,082	0	2,543
Roper Industries Inc New	COM	776696106	1,565	8,550	SH		SOLE		7,890	0	660
Royal Dutch Shell PLC ADR CL A	COM	780259206	983	18,075	SH		SOLE		16,275	0	1,800
Royal Dutch Shell PLC ADR CL B	COM	780259107	532	9,175	SH		SOLE		475	0	8,700
Salesforce Com Inc.	COM	79466L302	4,776	69,759	SH		SOLE		64,339	0	5,420
Schlumberger Ltd	COM	806857108	4,216	50,215	SH		SOLE		48,425	0	1,790
Schwab U.S. Broad Market	ETF	808524102	250	4,610	SH		SOLE		4,610	0	0
Sherwin Williams Co	COM	824348106	2,016	7,500	SH		SOLE		0	0	7,500
Signature Bank	COM	82669G104	1,003	6,675	SH		SOLE		6,175	0	500
Simon Property Group Inc.	COM	828806109	1,138	6,405	SH		SOLE		5,915	0	490
Six Flags Entertainment Corpor	COM	83001A102	693	11,550	SH		SOLE		11,550	0	0
Skyworks Solutions, Inc.	COM	83088M102	1,168	15,650	SH		SOLE		15,555	0	95
Southern Company	COM	842587107	504	10,240	SH		SOLE		1,265	0	8,975
SPDR Barclays Capital Short Te	ETF	78468R408	1,059	38,250	SH		SOLE		34,000	0	4,250
SPDR Barclays Capital Short Te	ETF	78468R739	1,783	37,189	SH		SOLE		37,189	0	0
SPDR Energy Select Sector	COM	81369Y506	301	4,000	SH		SOLE		4,000	0	0
SPDR Financial Select Sector	COM	81369Y605	9,260	398,300	SH		SOLE		194,300	0	204,000
SPDR Gold Trust	ETF	78463V107	1,907	17,400	SH		SOLE		13,940	0	3,460
SPDR S&P 500 ETF Trust	ETF	78462F103	11,253	50,341	SH		SOLE		40,742	0	9,599
SPDR S&P International SmallCa	ETF	78463X871	1,063	36,668	SH		SOLE		32,368	0	4,300
SPDR S&P Midcap 400 ETF TR	ETF	78467Y107	7,465	24,740	SH		SOLE		20,815	0	3,925
SPDR Utilities Select Sector	COM	81369Y886	209	4,300	SH		SOLE		0	0	4,300
Spire, Inc.	COM	84857L101	387	5,990	SH		SOLE		0	0	5,990
Starbucks Corp	COM	855244109	8,198	147,656	SH		SOLE		138,606	0	9,050
Stericycle Inc.	COM	858912108	2,106	27,332	SH		SOLE		25,274	0	2,058
Stryker Corporation	COM	863667101	13,387	111,738	SH		SOLE		60,317	0	51,421
Suntrust Banks Inc	COM	867914103	1,205	21,975	SH		SOLE		20,175	0	1,800
Sysco Corporation	COM	871829107	1,013	18,303	SH		SOLE		5,423	0	12,880
Target Corp	COM	87612E106	309	4,275	SH		SOLE		4,241	0	34
TD Ameritrade Holding Corp	COM	87236Y108	1,457	33,410	SH		SOLE		33,200	0	210
Texas Instruments Inc.	COM	882508104	1,340	18,360	SH		SOLE		18,360	0	0
Thermo Fisher Scientific, Inc.	COM	883556102	7,826	55,462	SH		SOLE		51,627	0	3,835
Time Warner Inc.	COM	887317303	1,263	13,088	SH		SOLE		12,993	0	95
TJX Companies Inc.	COM	872540109	2,224	29,598	SH		SOLE		26,223	0	3,375
Total SA ADR	COM	89151e109	470	9,225	SH		SOLE		9,225	0	0
UGI Corp New	COM	902681105	518	11,250	SH		SOLE		0	0	11,250
Union Pacific Corp	COM	907818108	4,673	45,075	SH		SOLE		43,200	0	1,875
United Technologies Corp	COM	913017109	799	7,287	SH		SOLE		6,312	0	975
UnitedHealth Group, Inc.	COM	91324P102	4,877	30,471	SH		SOLE		27,496	0	2,975
VanEck Vectors High Yield Muni	ETF	92189F361	1,371	46,200	SH		SOLE		41,000	0	5,200
Vanguard Dividend Appreciation	ETF	921908844	1,833	21,518	SH		SOLE		21,518	0	0
Vanguard Emerging Markets	ETF	922042858	467	13,050	SH		SOLE		11,675	0	1,375
Vanguard FTSE All-World Ex-US	ETF	922042775	11,607	262,729	SH		SOLE		240,629	0	22,100
Vanguard High Dividend Yield	ETF	921946406	1,668	22,018	SH		SOLE		22,018	0	0
Vanguard Intermediate Term Bon	ETF	921937819	560	6,745	SH		SOLE		6,745	0	0
Vanguard Intermediate Term Cor	ETF	92206c870	585	6,825	SH		SOLE		6,825	0	0
Vanguard Mega Cap Fund	ETF	921910873	387	5,075	SH		SOLE		5,075	0	0
Vanguard Mid-Cap ETF	ETF	922908629	1,334	10,136	SH		SOLE		9,886	0	250
Vanguard MSCI EAFE ETF	ETF	921943858	754	20,634	SH		SOLE		20,034	0	600
Vanguard REIT	ETF	922908553	3,843	46,565	SH		SOLE		43,090	0	3,475
Vanguard S&P 500	ETF	922908363	1,024	4,988	SH		SOLE		4,988	0	0
Vanguard Short-Term Inflation	ETF	922020805	2,075	42,200	SH		SOLE		42,200	0	0
Vanguard Small-Cap ETF	ETF	922908751	2,908	22,553	SH		SOLE		22,303	0	250
Vanguard Total Bond Market Fun	ETF	921937835	892	11,043	SH		SOLE		6,193	0	4,850
Vanguard Total International B	ETF	92203J407	980	18,060	SH		SOLE		14,600	0	3,460
Vanguard Total Stock Market VI	ETF	922908769	2,908	25,218	SH		SOLE		24,493	0	725
Vanguard Value Large Cap	ETF	922908744	402	4,324	SH		SOLE		4,024	0	300
VCA, Inc.	COM	918194101	3,527	51,370	SH		SOLE		49,320	0	2,050
Vectren Corporation	COM	92240g101	1,193	22,875	SH		SOLE		22,875	0	0
Veris Gold Corp	COM	92346R100	1	10,000	SH		SOLE		0	0	10,000
Verizon Communications	COM	92343V104	11,739	219,908	SH		SOLE		123,883	0	96,025
Visa Inc.	COM	92826C839	11,423	146,414	SH		SOLE		117,205	0	29,209
Vodafone Group New ADR	COM	92857W308	353	14,434	SH		SOLE		14,434	0	0
Voya Financial, Inc.	COM	929089100	1,279	32,600	SH		SOLE		32,350	0	250
Walgreens Boots Alliance, Inc.	COM	931427108	14,205	171,636	SH		SOLE		76,822	0	94,814
Walt Disney Co.	COM	254687106	19,312	185,296	SH		SOLE		104,458	0	80,838
WEC Energy Group, Inc.	COM	92939U106	433	7,385	SH		SOLE		6,542	0	843
Wells Fargo & Co.	COM	949746101	6,734	122,192	SH		SOLE		105,181	0	17,011
Welltower, Inc.	COM	95040Q104	990	14,790	SH		SOLE		14,790	0	0
Weyerhaeuser Co.	COM	962166104	4,981	165,531	SH		SOLE		109,212	0	56,319
WGL Holdings, Inc.	COM	92924F106	507	6,650	SH		SOLE		750	0	5,900
Whirlpool Corporation	COM	963320106	891	4,900	SH		SOLE		4,855	0	45
Willis Towers Watson PLC	COM	G96629103	4,046	33,089	SH		SOLE		15,289	0	17,800
Yahoo Inc.	COM	984332106	1,144	29,571	SH		SOLE		29,571	0	0
YUM! Brands, Inc.	COM	988498101	311	4,912	SH		SOLE		4,912	0	0
Zebra Technologies Corp	COM	989207105	415	4,836	SH		SOLE		0	0	4,836