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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	15,408	65,461	SH		SOLE		34,122	0	31,339
A.O. Smith Corporation	COM	831865209	1,411	23,020	SH		SOLE		23,020	0	0
Abbott Laboratories	COM	002824100	18,888	330,968	SH		SOLE		160,596	0	170,372
AbbVie Inc.	COM	00287Y109	9,356	96,745	SH		SOLE		54,176	0	42,569
Accenture PLC	COM	G1151C101	18,825	122,969	SH		SOLE		77,455	0	45,514
Adobe Systems Inc.	COM	00724F101	8,318	47,469	SH		SOLE		35,819	0	11,645
Advanced Energy Industries, In	COM	007973100	256	3,800	SH		SOLE		3,325	0	475
Advanced Viral Research Corp	COM	007928104	0	65,484	SH		SOLE		0	0	65,484
Affiliated Managers Group, Inc	COM	008252108	771	3,755	SH		SOLE		3,680	0	75
Aflac Inc.	COM	001055102	351	4,000	SH		SOLE		4,000	0	0
Agilent Technologies Inc.	COM	00846U101	870	12,984	SH		SOLE		12,984	0	0
Air Lease Corporation	COM	00912X302	390	8,100	SH		SOLE		7,790	0	310
Air Products & Chemicals Inc.	COM	009158106	3,343	20,376	SH		SOLE		19,886	0	490
Alphabet Inc. Cl A	COM	02079K305	9,663	9,173	SH		SOLE		6,027	0	3,146
Alphabet Inc. Cl C	COM	02079K107	34,327	32,805	SH		SOLE		20,004	0	12,801
Altria Group Inc.	COM	02209S103	324	4,538	SH		SOLE		4,138	0	400
Amazon.com, Inc.	COM	023135106	14,391	12,306	SH		SOLE		11,548	0	758
American Express	COM	025816109	9,697	97,642	SH		SOLE		64,017	0	33,625
American Water Works Co.	COM	030420103	1,360	14,860	SH		SOLE		13,070	0	1,790
Amgen, Inc.	COM	031162100	3,650	20,990	SH		SOLE		18,246	0	2,744
Amphenol Corp CL A	COM	032095101	7,789	88,716	SH		SOLE		84,206	0	4,500
Anheuser-Busch InBev NV ADR	COM	03524A108	2,613	23,425	SH		SOLE		22,515	0	910
Aon PLC CL A	COM	G0408V102	249	1,860	SH		SOLE		1,860	0	0
Apple Computer Inc.	COM	037833100	20,422	120,675	SH		SOLE		94,118	0	26,557
Ares Capital Corporation	COM	04010L103	796	50,615	SH		SOLE		50,615	0	0
Arrow Electronics, Inc.	COM	042735100	1,302	16,195	SH		SOLE		16,070	0	125
AT&T Inc.	COM	00206R102	3,171	81,552	SH		SOLE		63,527	0	18,025
Automatic Data Processing	COM	053015103	2,635	22,485	SH		SOLE		15,600	0	6,885
Bank of New York Mellon Corp	COM	064058100	258	4,798	SH		SOLE		4,798	0	0
BB&T Corp	COM	054937107	10,115	203,446	SH		SOLE		113,546	0	89,900
BB&T Corporation Pfd G 5.20	PFD	054937800	830	33,008	SH		SOLE		30,508	0	2,500
Becton Dickinson & Company	COM	075887109	1,037	4,845	SH		SOLE		3,370	0	1,475
Berkshire Hathaway Inc. - Clas	COM	084670702	312	1,572	SH		SOLE		1,572	0	0
Biogen IDEC, Inc.	COM	09062X103	1,396	4,382	SH		SOLE		4,112	0	270
Blackrock Inc	COM	09247X101	5,773	11,238	SH		SOLE		10,400	0	838
Boeing Company	COM	097023105	714	2,421	SH		SOLE		1,741	0	680
Bristol Myers Squibb Co	COM	110122108	7,236	118,075	SH		SOLE		56,125	0	61,950
Broadcom Limited	COM	Y09827109	1,891	7,360	SH		SOLE		6,830	0	530
C H Robinson Worldwide Inc.	COM	12541W209	1,179	13,230	SH		SOLE		12,270	0	960
C.R. Bard, Inc.	COM	067383109	210	635	SH		SOLE		635	0	0
Callon Petroleum Company	COM	13123X102	318	26,195	SH		SOLE		26,195	0	0
Canadian Imperial Bank of Comm	COM	136069101	463	4,757	SH		SOLE		4,382	0	375
Caterpillar Inc.	COM	149123101	654	4,152	SH		SOLE		4,007	0	145
CBOE Holdings, Inc.	COM	12503M108	4,178	33,535	SH		SOLE		31,375	0	2,160
Cedar Fair, L. P. Dep	COM	150185106	632	9,725	SH		SOLE		9,725	0	0
Celgene Corporation	COM	151020104	929	8,905	SH		SOLE		8,110	0	795
Centene Corporation	COM	15135B101	540	5,352	SH		SOLE		4,850	0	502
Cerner Corp	COM	156782104	1,699	25,205	SH		SOLE		23,405	0	1,800
Charles Schwab Corp. New	COM	808513105	1,933	37,635	SH		SOLE		37,380	0	255
Chevron Corp	COM	166764100	7,963	63,607	SH		SOLE		58,057	0	5,550
Chubb Limited	COM	H1467J104	2,170	14,849	SH		SOLE		11,797	0	3,052
Church & Dwight Company, Inc.	COM	171340102	6,858	136,700	SH		SOLE		59,650	0	77,050
Cisco Systems Inc.	COM	17275R102	2,283	59,617	SH		SOLE		56,942	0	2,675
Citigroup Inc.	COM	172967424	8,528	114,611	SH		SOLE		70,568	0	44,043
CME Group Inc. Class A	COM	12572Q105	521	3,570	SH		SOLE		3,570	0	0
CMS Energy Corporation	COM	125896100	1,248	26,375	SH		SOLE		26,375	0	0
Coca Cola Company	COM	191216100	10,466	228,117	SH		SOLE		128,852	0	99,265
Cogent Communications Group, I	COM	19239V302	753	16,625	SH		SOLE		16,625	0	0
Cognizant Technology Solutions	COM	192446102	6,919	97,430	SH		SOLE		92,805	0	4,625
Colgate Palmolive Company	COM	194162103	2,140	28,367	SH		SOLE		27,408	0	959
Comcast Corp-Cl A	COM	20030N101	1,828	45,646	SH		SOLE		42,500	0	3,146
ConocoPhillips	COM	20825C104	244	4,440	SH		SOLE		2,040	0	2,400
Costco Wholesale Corp.	COM	22160K105	19,182	103,061	SH		SOLE		65,078	0	37,978
Crown Castle International Cor	COM	22822V101	2,516	22,665	SH		SOLE		21,635	0	1,030
Cubic Corporation	COM	229669106	255	4,330	SH		SOLE		4,145	0	185
CVS Health Corporation	COM	126650100	283	3,901	SH		SOLE		3,901	0	0
Danaher Corporation	COM	235851102	14,986	161,450	SH		SOLE		101,335	0	60,105
Deere & Company	COM	244199105	639	4,085	SH		SOLE		3,835	0	250
Dollar Tree Stores, Inc.	COM	256746108	3,190	29,725	SH		SOLE		28,275	0	1,450
Dominion Resources	COM	25746U109	1,272	15,692	SH		SOLE		13,694	0	1,998
DowDuPont, Inc.	COM	26078J100	7,357	103,296	SH		SOLE		68,856	0	34,440
DXC Technology Company	COM	23355L106	1,130	11,908	SH		SOLE		11,701	0	207
Ecolab Inc.	COM	278865100	14,921	111,202	SH		SOLE		84,422	0	26,770
Edwards Lifesciences Corp	COM	28176E108	2,485	22,048	SH		SOLE		20,148	0	1,900
Eldorado Resorts, Inc.	COM	28470R102	2,376	71,688	SH		SOLE		71,688	0	0
Eli Lilly & Co.	COM	532457108	425	5,029	SH		SOLE		4,079	0	950
Emerson Electric Co.	COM	291011104	2,506	35,957	SH		SOLE		31,407	0	4,550
EOG Resources	COM	26875P101	2,237	20,731	SH		SOLE		19,706	0	1,025
Equity Commonwealth	COM	294628102	748	24,510	SH		SOLE		20,760	0	3,750
Estee Lauder Companies, Inc.	COM	518439104	488	3,835	SH		SOLE		3,835	0	0
Exelon Corporation	COM	30161N101	216	5,483	SH		SOLE		3,633	0	1,850
Express Scripts Holding Co.	COM	30219G108	5,569	74,615	SH		SOLE		66,339	0	8,276
Extended Stay America, Inc.	COM	30224P200	906	47,700	SH		SOLE		47,700	0	0
Extra Space Storage, Inc.	COM	30225T102	695	7,950	SH		SOLE		7,950	0	0
Exxon Mobil Corp	COM	30231G102	19,637	234,776	SH		SOLE		163,020	0	71,756
Facebook, Inc.	COM	30303M102	24,840	140,770	SH		SOLE		97,849	0	42,921
Fastenal Company	COM	311900104	268	4,900	SH		SOLE		4,900	0	0
FedEx Corp	COM	31428X106	14,226	57,010	SH		SOLE		29,070	0	27,940
First Foundation Inc.	COM	32026V104	868	46,800	SH		SOLE		0	0	46,800
Fiserv Inc.	COM	337738108	5,103	38,915	SH		SOLE		27,305	0	11,610
Fortive Corporation	COM	34959J108	9,113	125,951	SH		SOLE		101,108	0	24,828
Franklin Electric Company, Inc	COM	353514102	1,757	38,275	SH		SOLE		38,060	0	215
General Dynamics Corp	COM	369550108	9,480	46,595	SH		SOLE		20,315	0	26,280
General Electric Corporation	COM	369604103	7,069	405,102	SH		SOLE		239,058	0	166,044
General Mills Inc.	COM	370334104	1,919	32,371	SH		SOLE		29,721	0	2,650
Grainger WW Inc	COM	384802104	1,016	4,301	SH		SOLE		301	0	4,000
Guggenheim BulletShares 2019 C	ETF	18383M522	218	10,350	SH		SOLE		10,350	0	0
Guggenheim BulletShares 2019 H	ETF	18383M373	206	8,450	SH		SOLE		8,450	0	0
Guggenheim BulletShares 2020 C	ETF	18383M514	538	25,249	SH		SOLE		24,849	0	400
Guggenheim BulletShares 2021 C	ETF	18383M266	426	20,173	SH		SOLE		19,773	0	400
Guggenheim BulletShares 2022 C	ETF	18383M258	419	19,800	SH		SOLE		19,300	0	500
Guggenheim BulletShares 2023 C	ETF	18383M241	284	13,638	SH		SOLE		13,638	0	0
Guggenheim BulletShares 2024 C	ETF	18383M233	257	12,300	SH		SOLE		12,300	0	0
Hawaiian Electric Industries I	COM	419870100	242	6,700	SH		SOLE		0	0	6,700
Hershey Company	COM	427866108	1,301	11,460	SH		SOLE		1,460	0	10,000
Home Depot Inc.	COM	437076102	4,248	22,412	SH		SOLE		18,722	0	3,690
Honeywell International	COM	438516106	23,557	153,609	SH		SOLE		106,123	0	47,476
IDEXX Laboratories, Inc.	COM	45168D104	821	5,248	SH		SOLE		5,248	0	0
Illinois Tool Works Inc.	COM	452308109	16,712	100,164	SH		SOLE		65,624	0	34,540
Intel Corporation	COM	458140100	13,611	294,868	SH		SOLE		130,693	0	164,175
IntercontinentalExchange Group	COM	45866F104	6,781	96,101	SH		SOLE		90,146	0	5,955
International Business Machine	COM	459200101	6,417	41,827	SH		SOLE		26,637	0	15,190
Intuit Inc.	COM	461202103	1,010	6,400	SH		SOLE		6,400	0	0
iPATH Dow Jones UBS Commodity	ETF	06738C778	648	26,550	SH		SOLE		25,350	0	1,200
iShares 0-5 Year TIPS Bond ETF	ETF	46429B747	830	8,315	SH		SOLE		6,345	0	1,970
iShares Core MSCI EAFE	ETF	46432F842	3,688	55,800	SH		SOLE		51,700	0	4,100
iShares Core MSCI Emerging Mar	ETF	46434G103	2,381	41,838	SH		SOLE		38,193	0	3,645
iShares Core S&P MidCap	ETF	464287507	14,769	77,823	SH		SOLE		72,193	0	5,630
iShares Core S&P SmallCap	ETF	464287804	22,552	293,607	SH		SOLE		267,392	0	26,215
iShares Core Total US Bond Mar	ETF	464287226	3,591	32,842	SH		SOLE		26,355	0	6,487
iShares Dow Jones U.S. Technol	COM	464287721	374	2,300	SH		SOLE		2,300	0	0
iShares Dow Jones US Oil & Gas	COM	464288851	519	7,990	SH		SOLE		7,465	0	525
iShares Dow Jones US Oil Equip	COM	464288844	240	6,675	SH		SOLE		6,175	0	500
iShares Floating Rate Bond ETF	ETF	46429B655	297	5,850	SH		SOLE		4,050	0	1,800
iShares iBonds Dec 2018 Corpor	ETF	46434VAA8	216	8,600	SH		SOLE		8,100	0	500
iShares iBoxx $ Inv Grade Corp	ETF	464287242	825	6,790	SH		SOLE		5,490	0	1,300
iShares Intermediate Credit Bo	ETF	464288638	3,197	29,273	SH		SOLE		24,898	0	4,375
iShares JPMorgan Emerg Mrkts B	ETF	464288281	719	6,195	SH		SOLE		5,630	0	565
iShares MSCI EAFE Small Cap In	ETF	464288273	1,419	21,995	SH		SOLE		19,920	0	2,075
iShares MSCI Emerging Markets	ETF	464287234	2,058	43,685	SH		SOLE		40,870	0	2,815
iShares Nasdaq Biotechnology I	COM	464287556	4,354	40,776	SH		SOLE		38,451	0	2,325
iShares National Muni Bond Fun	ETF	464288414	5,244	47,350	SH		SOLE		42,800	0	4,550
iShares Russell 1000 Growth In	ETF	464287614	1,154	8,570	SH		SOLE		8,310	0	260
iShares Russell 2000 Index Fun	ETF	464287655	319	2,090	SH		SOLE		1,530	0	560
iShares Russell 3000	ETF	464287689	751	4,750	SH		SOLE		4,600	0	150
iShares Russell Midcap Index F	ETF	464287499	1,746	8,390	SH		SOLE		7,044	0	1,346
iShares S&P 500 Growth Index F	ETF	464287309	309	2,025	SH		SOLE		1,950	0	75
iShares S&P 500 Index Fund	ETF	464287200	1,889	7,026	SH		SOLE		4,775	0	2,251
iShares S&P Global Energy Inde	COM	464287341	1,450	40,782	SH		SOLE		35,082	0	5,700
iShares S&P New York AMT-Free	ETF	464288323	229	4,100	SH		SOLE		4,100	0	0
iShares S&P Short Term Nat'l A	ETF	464288158	255	2,435	SH		SOLE		2,435	0	0
iShares Tr Barclays 1-3 Year	ETF	464288646	5,022	48,038	SH		SOLE		41,698	0	6,340
iShares Tr MSCI EAFE Index	ETF	464287465	16,537	235,205	SH		SOLE		216,420	0	18,785
iShares U.S. Preferred Stock	ETF	464288687	1,191	31,275	SH		SOLE		28,375	0	2,900
J P Morgan Chase & Co	COM	46625H100	19,282	180,308	SH		SOLE		123,614	0	56,694
Jacobs Engineering Group Inc	COM	469814107	273	4,145	SH		SOLE		4,145	0	0
John Bean Technologies Corp	COM	477839104	584	5,275	SH		SOLE		5,275	0	0
Johnson & Johnson Co.	COM	478160104	28,747	205,745	SH		SOLE		112,497	0	93,248
JPMorgan Chase & Co Alerian ML	ETF	46625H365	2,175	79,170	SH		SOLE		73,670	0	5,500
KeyCorp	COM	493267108	1,116	55,306	SH		SOLE		55,306	0	0
Keysight Technologies, Inc.	COM	49338L103	231	5,561	SH		SOLE		5,561	0	0
Kimberly-Clark Corp	COM	494368103	795	6,587	SH		SOLE		3,412	0	3,175
Kraft Heinz Company/The	COM	500754106	10,857	139,621	SH		SOLE		83,728	0	55,883
Laboratory Corp Amer Hldgs	COM	50540R409	670	4,200	SH		SOLE		4,200	0	0
Las Vegas Sands Corp	COM	517834107	1,195	17,200	SH		SOLE		17,200	0	0
Leggett & Platt Inc Com	COM	524660107	405	8,475	SH		SOLE		8,475	0	0
LKQ Corporation	COM	501889208	404	9,930	SH		SOLE		9,930	0	0
Lockheed Martin Corpration	COM	539830109	1,679	5,230	SH		SOLE		5,230	0	0
Lowes Companies Inc.	COM	548661107	2,593	27,903	SH		SOLE		27,903	0	0
Marathon Petroleum Corporation	COM	56585A102	10,573	160,253	SH		SOLE		92,758	0	67,495
Marsh & McLennan Companies, In	COM	571748102	1,071	13,160	SH		SOLE		8,600	0	4,560
MasterCard, Inc.	COM	57636Q104	9,984	65,960	SH		SOLE		33,140	0	32,820
McDonalds Corp	COM	580135101	5,075	29,487	SH		SOLE		22,087	0	7,400
Merck & Co., Inc.	COM	58933Y105	4,561	81,056	SH		SOLE		60,906	0	20,150
MetLife, Inc.	COM	59156R108	1,854	36,662	SH		SOLE		36,472	0	190
Microchip Technology, Inc.	COM	595017104	1,016	11,563	SH		SOLE		11,368	0	195
Microsoft Corp	COM	594918104	32,720	382,506	SH		SOLE		218,828	0	163,678
Mondelez International, Inc.	COM	609207105	568	13,278	SH		SOLE		13,002	0	276
Monsanto Company	COM	61166W101	1,603	13,726	SH		SOLE		13,276	0	450
Nestle SA-Sponsored ADR	COM	641069406	13,750	159,936	SH		SOLE		77,010	0	82,926
New Residential Investment Cor	COM	64828T201	564	31,550	SH		SOLE		31,550	0	0
Nextera Energy, Inc.	COM	65339F101	2,077	13,298	SH		SOLE		13,298	0	0
Nike Inc	COM	654106103	1,464	23,399	SH		SOLE		21,789	0	1,610
Norfolk Southern Corp	COM	655844108	406	2,800	SH		SOLE		2,800	0	0
Northern Trust Corp	COM	665859104	7,319	73,266	SH		SOLE		36,599	0	36,667
Northrop Grumman Corporation	COM	666807102	2,899	9,446	SH		SOLE		8,236	0	1,210
Novartis AG	COM	66987V109	5,239	62,402	SH		SOLE		58,926	0	3,466
NXP Semiconductors NV	COM	N6596X109	5,153	44,009	SH		SOLE		42,559	0	1,450
Occidental Petroleum Corp	COM	674599105	788	10,700	SH		SOLE		10,605	0	95
Omnicom Group Inc.	COM	681919106	2,254	30,947	SH		SOLE		29,447	0	1,500
Oracle Systems Corporation	COM	68389X105	9,484	200,602	SH		SOLE		144,227	0	56,375
Packaging Corp of America	COM	695156109	347	2,875	SH		SOLE		2,875	0	0
PacWest Bancorp	COM	695263103	869	17,250	SH		SOLE		17,250	0	0
Palo Alto Networks, Inc.	COM	697435105	3,497	24,126	SH		SOLE		23,021	0	1,095
Paychex Inc.	COM	704326107	322	4,735	SH		SOLE		3,300	0	1,435
PayPal Holdings, Inc.	COM	70450Y103	1,793	24,350	SH		SOLE		23,300	0	1,050
Pepsico Inc	COM	713448108	30,024	250,366	SH		SOLE		153,332	0	97,034
Pfizer, Inc	COM	717081103	8,004	220,989	SH		SOLE		128,719	0	92,270
Philip Morris International, I	COM	718172109	8,573	81,142	SH		SOLE		40,432	0	40,710
PNC Financial Corp	COM	693475105	11,669	80,870	SH		SOLE		46,655	0	34,215
Power Integrations, Inc.	COM	739276103	923	12,545	SH		SOLE		12,395	0	150
PowerShares Senior Loan Portfo	ETF	73936Q769	1,303	56,550	SH		SOLE		50,200	0	6,350
Praxair Inc	COM	74005P104	4,121	26,643	SH		SOLE		25,078	0	1,565
Principal Financial Group	COM	74251V102	1,057	14,977	SH		SOLE		12,575	0	2,402
Procter & Gamble Co	COM	742718109	4,681	50,951	SH		SOLE		44,843	0	6,108
Qualcomm Inc.	COM	747525103	1,286	20,093	SH		SOLE		20,093	0	0
Raytheon Co	COM	755111507	8,389	44,660	SH		SOLE		21,150	0	23,510
Regeneron Pharmaceuticals, Inc	COM	75886F107	1,729	4,600	SH		SOLE		2,057	0	2,543
Rite Aid Corp	COM	767754104	40	20,390	SH		SOLE		390	0	20,000
Rockwell Collins, Inc.	COM	774341101	359	2,646	SH		SOLE		2,608	0	38
Roper Industries Inc New	COM	776696106	2,239	8,645	SH		SOLE		8,055	0	590
Royal Dutch Shell PLC ADR CL A	COM	780259206	1,233	18,477	SH		SOLE		16,677	0	1,800
Royal Dutch Shell PLC ADR CL B	COM	780259107	627	9,175	SH		SOLE		475	0	8,700
S&P Global Inc.	COM	78409V104	1,573	9,285	SH		SOLE		8,640	0	645
Salesforce Com Inc.	COM	79466L302	7,215	70,574	SH		SOLE		65,614	0	4,960
Schlumberger Ltd	COM	806857108	2,751	40,825	SH		SOLE		39,885	0	940
Schwab U.S. Broad Market	ETF	808524102	352	5,460	SH		SOLE		5,460	0	0
Seagate Technology	COM	G7945M107	301	7,205	SH		SOLE		6,690	0	515
Sherwin Williams Co	COM	824348106	3,129	7,632	SH		SOLE		132	0	7,500
Six Flags Entertainment Corpor	COM	83001A102	822	12,345	SH		SOLE		12,345	0	0
Skyworks Solutions, Inc.	COM	83088M102	1,518	15,990	SH		SOLE		15,895	0	95
Southern Company	COM	842587107	526	10,940	SH		SOLE		1,965	0	8,975
SPDR Barclays Capital Short Te	ETF	78468R408	778	28,225	SH		SOLE		23,550	0	4,675
SPDR Barclays Capital Short Te	ETF	78468R739	3,195	66,689	SH		SOLE		66,689	0	0
SPDR Energy Select Sector	COM	81369Y506	325	4,500	SH		SOLE		4,500	0	0
SPDR Financial Select Sector	COM	81369Y605	14,015	502,166	SH		SOLE		255,366	0	246,800
SPDR Gold Trust	ETF	78463V107	2,131	17,235	SH		SOLE		13,725	0	3,510
SPDR S&P 500 ETF Trust	ETF	78462F103	15,213	57,009	SH		SOLE		47,603	0	9,405
SPDR S&P International SmallCa	ETF	78463X871	1,251	35,267	SH		SOLE		32,217	0	3,050
SPDR S&P Midcap 400	ETF	78467Y107	8,334	24,128	SH		SOLE		20,328	0	3,800
SPDR Technology Select Sector	COM	81369Y803	639	9,989	SH		SOLE		8,014	0	1,075
SPDR Utilities Select Sector	COM	81369Y886	227	4,300	SH		SOLE		0	0	4,300
Spire, Inc.	COM	84857L101	443	5,900	SH		SOLE		0	0	5,900
Starbucks Corp	COM	855244109	6,018	104,781	SH		SOLE		98,366	0	6,415
State Street Corp 6 Pfd.	PFD	857477889	282	10,660	SH		SOLE		10,660	0	0
Stericycle Inc.	COM	858912108	260	3,828	SH		SOLE		3,828	0	0
Stryker Corporation	COM	863667101	17,721	114,446	SH		SOLE		65,761	0	48,685
Sysco Corporation	COM	871829107	1,294	21,303	SH		SOLE		8,423	0	12,880
Target Corp	COM	87612E106	299	4,575	SH		SOLE		4,541	0	34
Texas Instruments Inc.	COM	882508104	1,902	18,214	SH		SOLE		18,214	0	0
Thermo Fisher Scientific, Inc.	COM	883556102	10,867	57,231	SH		SOLE		53,611	0	3,610
Time Warner Inc.	COM	887317303	1,197	13,091	SH		SOLE		12,996	0	95
TJX Companies Inc.	COM	872540109	2,331	30,485	SH		SOLE		27,960	0	2,525
T-Mobile US, Inc.	COM	872590104	1,472	23,170	SH		SOLE		21,680	0	1,490
Total SA ADR	COM	89151E109	571	10,325	SH		SOLE		9,825	0	500
UGI Corp New	COM	902681105	451	9,600	SH		SOLE		0	0	9,600
Union Pacific Corp	COM	907818108	6,746	50,305	SH		SOLE		47,430	0	2,875
United Technologies Corp	COM	913017109	1,124	8,808	SH		SOLE		7,833	0	975
UnitedHealth Group, Inc.	COM	91324P102	6,252	28,359	SH		SOLE		25,864	0	2,495
Valero Refining & Marketing Co	COM	91913Y100	655	7,125	SH		SOLE		7,125	0	0
VanEck Vectors High Yield Muni	ETF	92189F361	1,435	46,000	SH		SOLE		40,800	0	5,200
Vanguard Dividend Appreciation	ETF	921908844	2,484	24,343	SH		SOLE		23,445	0	0
Vanguard Emerging Markets	ETF	922042858	2,842	61,911	SH		SOLE		59,311	0	1,950
Vanguard FTSE All-World Ex-US	ETF	922042775	14,145	258,497	SH		SOLE		236,437	0	22,060
Vanguard FTSE Europe ETF	ETF	922042874	277	4,689	SH		SOLE		4,502	0	187
Vanguard Health Care	COM	92204A504	274	1,776	SH		SOLE		1,611	0	0
Vanguard High Dividend Yield	ETF	921946406	1,193	13,932	SH		SOLE		13,532	0	0
Vanguard Information Technolog	COM	92204A702	210	1,273	SH		SOLE		1,273	0	0
Vanguard Intermediate Term Bon	ETF	921937819	601	7,175	SH		SOLE		7,175	0	0
Vanguard Intermediate Term Cor	ETF	92206C870	885	10,130	SH		SOLE		9,890	0	0
Vanguard Mega Cap Fund	ETF	921910873	382	4,164	SH		SOLE		4,164	0	0
Vanguard Mega Cap Growth Fund	ETF	921910816	517	4,643	SH		SOLE		4,493	0	0
Vanguard Mid-Cap ETF	ETF	922908629	1,550	10,016	SH		SOLE		9,716	0	300
Vanguard MSCI EAFE	ETF	921943858	3,669	81,794	SH		SOLE		80,139	0	1,175
Vanguard REIT	COM	922908553	3,476	41,885	SH		SOLE		40,160	0	1,725
Vanguard S&P 500	ETF	922908363	2,030	8,276	SH		SOLE		7,972	0	0
Vanguard Short-Term Inflation	ETF	922020805	1,782	36,500	SH		SOLE		36,500	0	0
Vanguard Small-Cap ETF	ETF	922908751	3,789	25,636	SH		SOLE		25,236	0	400
Vanguard Total Bond Market Fun	ETF	921937835	856	10,493	SH		SOLE		5,643	0	4,850
Vanguard Total International B	ETF	92203J407	989	18,185	SH		SOLE		14,725	0	3,460
Vanguard Total Stock Market VI	ETF	922908769	3,349	24,400	SH		SOLE		23,675	0	725
Vanguard Value Large Cap	ETF	922908744	454	4,269	SH		SOLE		3,969	0	300
Vantiv Inc.	COM	92210H105	1,368	18,600	SH		SOLE		18,600	0	0
Vectren Corporation	COM	92240G101	1,397	21,480	SH		SOLE		21,480	0	0
Veris Gold Corp	COM	92346R100	1	10,000	SH		SOLE		0	0	10,000
Verizon Communications	COM	92343V104	2,056	38,842	SH		SOLE		35,676	0	3,166
Visa Inc.	COM	92826C839	17,261	151,389	SH		SOLE		121,670	0	29,709
Vodafone Group New ADR	COM	92857W308	414	12,967	SH		SOLE		12,967	0	0
Voya Financial, Inc.	COM	929089100	1,887	38,140	SH		SOLE		37,890	0	250
Walgreens Boots Alliance, Inc.	COM	931427108	18,981	261,369	SH		SOLE		123,513	0	137,856
Walt Disney Co.	COM	254687106	18,785	174,728	SH		SOLE		94,505	0	80,223
Watsco, Inc.	COM	942622200	816	4,800	SH		SOLE		4,800	0	0
WEC Energy Group, Inc.	COM	92939U106	491	7,385	SH		SOLE		6,542	0	843
Wells Fargo & Co.	COM	949746101	3,736	61,577	SH		SOLE		52,602	0	8,975
Wells Fargo & Company 5.5 Pfd	PFD	94988U672	836	32,719	SH		SOLE		30,800	0	1,919
Welltower, Inc.	COM	95040Q104	870	13,640	SH		SOLE		13,640	0	0
Weyerhaeuser Co.	COM	962166104	6,008	170,382	SH		SOLE		112,463	0	57,919
WGL Holdings, Inc.	COM	92924F106	554	6,450	SH		SOLE		750	0	5,700
Whirlpool Corporation	COM	963320106	586	3,475	SH		SOLE		3,430	0	45
Willis Towers Watson PLC	COM	G96629103	4,917	32,627	SH		SOLE		14,877	0	17,750
Wynn Resorts Ltd.	COM	983134107	1,699	10,075	SH		SOLE		9,380	0	695
YUM! Brands, Inc.	COM	988498101	388	4,755	SH		SOLE		4,755	0	0
Zebra Technologies Corp	COM	989207105	502	4,836	SH		SOLE		0	0	4,836
Zimmer Biomet Holdings, Inc.	COM	98956P102	202	1,677	SH		SOLE		1,077	0	600
Zoetis, Inc.	COM	98978V103	1,027	14,255	SH		SOLE		13,430	0	825