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	14,334	65,296	SH		SOLE		34,032	0	31,264
A.O. Smith Corporation	COM	831865209	1,408	22,135	SH		SOLE		22,135	0	0
Abbott Laboratories	COM	002824100	19,712	328,969	SH		SOLE		159,017	0	169,952
AbbVie Inc.	COM	00287Y109	9,005	95,145	SH		SOLE		52,596	0	42,549
Accenture PLC	COM	G1151C101	18,628	121,353	SH		SOLE		76,164	0	45,189
Achaogen, Inc.	COM	004449104	234	18,075	SH		SOLE		18,075	0	0
Adobe Systems Inc.	COM	00724F101	9,406	43,529	SH		SOLE		34,164	0	9,360
Advanced Viral Research Corp	COM	007928104	0	65,484	SH		SOLE		0	0	65,484
Affiliated Managers Group, Inc	COM	008252108	515	2,715	SH		SOLE		2,640	0	75
Aflac Inc.	COM	001055102	350	8,000	SH		SOLE		8,000	0	0
Agilent Technologies Inc.	COM	00846U101	855	12,780	SH		SOLE		12,780	0	0
Air Products & Chemicals Inc.	COM	009158106	3,208	20,175	SH		SOLE		19,665	0	510
Alphabet Inc. Cl A	COM	02079K305	9,157	8,829	SH		SOLE		5,788	0	3,041
Alphabet Inc. Cl C	COM	02079K107	31,714	30,737	SH		SOLE		19,044	0	11,693
Altria Group Inc.	COM	02209S103	255	4,098	SH		SOLE		3,698	0	400
Amazon.com, Inc.	COM	023135106	16,482	11,388	SH		SOLE		10,690	0	698
American Express	COM	025816109	9,281	99,497	SH		SOLE		64,697	0	34,800
American Water Works Co.	COM	030420103	1,253	15,260	SH		SOLE		13,470	0	1,790
Amgen, Inc.	COM	031162100	3,858	22,630	SH		SOLE		19,076	0	3,554
Amphenol Corp CL A	COM	032095101	7,089	82,311	SH		SOLE		77,761	0	4,540
Aon PLC CL A	COM	G0408V102	218	1,550	SH		SOLE		1,550	0	0
Apple Computer Inc.	COM	037833100	20,271	120,820	SH		SOLE		94,013	0	26,807
Ares Capital Corporation	COM	04010L103	772	48,615	SH		SOLE		48,615	0	0
Arrow Electronics, Inc.	COM	042735100	1,245	16,165	SH		SOLE		16,040	0	125
AT&T Inc.	COM	00206R102	2,807	78,744	SH		SOLE		60,719	0	18,025
Automatic Data Processing	COM	053015103	2,211	19,485	SH		SOLE		12,655	0	6,830
Bank of New York Mellon Corp	COM	064058100	247	4,798	SH		SOLE		4,798	0	0
BB&T Corp	COM	054937107	10,634	204,346	SH		SOLE		114,446	0	89,900
BB&T Corporation Pfd G 5.20	PFD	054937800	965	38,608	SH		SOLE		36,108	0	2,500
Becton Dickinson & Company	COM	075887109	1,040	4,801	SH		SOLE		3,250	0	1,551
Berkshire Hathaway Inc. - Clas	COM	084670702	254	1,275	SH		SOLE		1,275	0	0
Biogen IDEC, Inc.	COM	09062X103	1,227	4,482	SH		SOLE		4,212	0	270
Blackrock Inc	COM	09247X101	5,602	10,341	SH		SOLE		9,612	0	729
Blackstone Group LP	LP	09253U108	2,855	89,350	SH		SOLE		85,300	0	4,050
Boeing Company	COM	097023105	794	2,421	SH		SOLE		1,741	0	680
Bristol Myers Squibb Co	COM	110122108	988	15,625	SH		SOLE		13,625	0	2,000
Broadcom Limited	COM	Y09827109	1,663	7,055	SH		SOLE		6,575	0	480
C H Robinson Worldwide Inc.	COM	12541W209	1,245	13,290	SH		SOLE		12,430	0	860
Callon Petroleum Company	COM	13123X102	355	26,775	SH		SOLE		26,775	0	0
Canadian Imperial Bank of Comm	COM	136069101	420	4,757	SH		SOLE		4,382	0	375
Caterpillar Inc.	COM	149123101	614	4,167	SH		SOLE		4,022	0	145
CBOE Holdings, Inc.	COM	12503M108	3,765	33,000	SH		SOLE		31,340	0	1,660
Cedar Fair, L. P. Dep	COM	150185106	605	9,465	SH		SOLE		9,465	0	0
Centene Corporation	COM	15135B101	571	5,342	SH		SOLE		4,840	0	502
Cerner Corp	COM	156782104	1,213	20,910	SH		SOLE		19,110	0	1,800
Charles Schwab Corp. New	COM	808513105	1,917	36,705	SH		SOLE		36,450	0	255
Chevron Corp	COM	166764100	7,184	62,992	SH		SOLE		57,422	0	5,570
Chubb Limited	COM	H1467J104	1,970	14,401	SH		SOLE		11,474	0	2,927
Church & Dwight Company, Inc.	COM	171340102	6,877	136,550	SH		SOLE		59,500	0	77,050
Cimarex Energy Co.	COM	171798101	252	2,690	SH		SOLE		2,525	0	165
Cisco Systems Inc.	COM	17275R102	2,372	55,307	SH		SOLE		52,532	0	2,775
Citigroup Inc.	COM	172967424	8,315	123,186	SH		SOLE		74,543	0	48,643
CME Group Inc. Class A	COM	12572Q105	577	3,570	SH		SOLE		3,570	0	0
CMS Energy Corporation	COM	125896100	1,149	25,375	SH		SOLE		25,375	0	0
Coca Cola Company	COM	191216100	10,062	231,677	SH		SOLE		129,662	0	102,015
Cogent Communications Group, I	COM	19239V302	686	15,800	SH		SOLE		15,800	0	0
Cognizant Technology Solutions	COM	192446102	7,804	96,950	SH		SOLE		92,455	0	4,495
Colgate Palmolive Company	COM	194162103	1,901	26,522	SH		SOLE		25,563	0	959
Comcast Corp-Cl A	COM	20030N101	6,816	199,465	SH		SOLE		117,495	0	81,970
ConocoPhillips	COM	20825C104	261	4,400	SH		SOLE		2,000	0	2,400
Costco Wholesale Corp.	COM	22160K105	19,491	103,441	SH		SOLE		65,438	0	37,998
Crown Castle International Cor	COM	22822V101	2,405	21,940	SH		SOLE		21,110	0	830
Cubic Corporation	COM	229669106	273	4,285	SH		SOLE		4,100	0	185
CVS Health Corporation	COM	126650100	239	3,842	SH		SOLE		3,842	0	0
Danaher Corporation	COM	235851102	15,797	161,343	SH		SOLE		101,193	0	60,140
Deere & Company	COM	244199105	709	4,565	SH		SOLE		4,315	0	250
Digital Realty Trust, Inc.	COM	253868103	632	6,000	SH		SOLE		0	0	6,000
Dollar Tree Stores, Inc.	COM	256746108	2,828	29,800	SH		SOLE		28,320	0	1,480
Dominion Resources	COM	25746U109	1,045	15,492	SH		SOLE		13,494	0	1,998
DowDuPont, Inc.	COM	26078J100	6,413	100,658	SH		SOLE		66,978	0	33,680
DXC Technology Company	COM	23355L106	1,381	13,736	SH		SOLE		13,529	0	207
Ecolab Inc.	COM	278865100	14,517	105,912	SH		SOLE		79,432	0	26,470
Edwards Lifesciences Corp	COM	28176E108	3,083	22,095	SH		SOLE		20,195	0	1,900
Eldorado Resorts, Inc.	COM	28470R102	2,188	66,288	SH		SOLE		66,288	0	0
Eli Lilly & Co.	COM	532457108	360	4,650	SH		SOLE		3,700	0	950
Emerson Electric Co.	COM	291011104	2,394	35,055	SH		SOLE		30,805	0	4,250
EOG Resources	COM	26875P101	2,201	20,906	SH		SOLE		19,881	0	1,025
Equity Commonwealth	COM	294628102	752	24,510	SH		SOLE		20,760	0	3,750
Estee Lauder Companies, Inc.	COM	518439104	566	3,780	SH		SOLE		3,780	0	0
Exelon Corporation	COM	30161N101	215	5,516	SH		SOLE		3,666	0	1,850
Express Scripts Holding Co.	COM	30219G108	5,021	72,680	SH		SOLE		64,404	0	8,276
Extended Stay America, Inc.	COM	30224P200	949	48,025	SH		SOLE		48,025	0	0
Extra Space Storage, Inc.	COM	30225T102	670	7,675	SH		SOLE		7,675	0	0
Exxon Mobil Corp	COM	30231G102	16,030	214,848	SH		SOLE		145,957	0	68,891
Facebook, Inc.	COM	30303M102	14,329	89,672	SH		SOLE		72,884	0	16,788
FedEx Corp	COM	31428X106	13,673	56,945	SH		SOLE		29,055	0	27,890
First Foundation Inc.	COM	32026V104	868	46,800	SH		SOLE		0	0	46,800
First Trust Preferred Securiti	ETF	33739E108	196	10,050	SH		SOLE		10,050	0	0
Fiserv Inc.	COM	337738108	5,565	78,035	SH		SOLE		54,975	0	23,060
Fluor	COM	343412102	255	4,465	SH		SOLE		4,465	0	0
Fortive Corporation	COM	34959J108	9,786	126,238	SH		SOLE		101,625	0	24,598
Franklin Electric Company, Inc	COM	353514102	1,560	38,275	SH		SOLE		38,060	0	215
General Dynamics Corp	COM	369550108	10,271	46,495	SH		SOLE		20,215	0	26,280
General Electric Corporation	COM	369604103	5,208	386,327	SH		SOLE		227,557	0	158,770
General Mills Inc.	COM	370334104	1,364	30,280	SH		SOLE		27,630	0	2,650
Grainger WW Inc	COM	384802104	1,186	4,201	SH		SOLE		201	0	4,000
Guggenheim BulletShares 2019 C	ETF	18383M522	249	11,850	SH		SOLE		11,850	0	0
Guggenheim BulletShares 2019 H	ETF	18383M373	205	8,450	SH		SOLE		8,450	0	0
Guggenheim BulletShares 2020 C	ETF	18383M514	586	27,849	SH		SOLE		27,449	0	400
Guggenheim BulletShares 2021 C	ETF	18383M266	430	20,673	SH		SOLE		20,073	0	600
Guggenheim BulletShares 2022 C	ETF	18383M258	509	24,500	SH		SOLE		23,700	0	800
Guggenheim BulletShares 2023 C	ETF	18383M241	366	17,938	SH		SOLE		17,938	0	0
Guggenheim BulletShares 2024 C	ETF	18383M233	249	12,300	SH		SOLE		12,300	0	0
Hawaiian Electric Industries I	COM	419870100	230	6,700	SH		SOLE		0	0	6,700
Hershey Company	COM	427866108	1,134	11,460	SH		SOLE		1,460	0	10,000
Home Depot Inc.	COM	437076102	3,826	21,463	SH		SOLE		18,273	0	3,190
Honeywell International	COM	438516106	22,090	152,861	SH		SOLE		105,650	0	47,201
Illinois Tool Works Inc.	COM	452308109	15,580	99,448	SH		SOLE		65,288	0	34,160
Intel Corporation	COM	458140100	15,483	297,293	SH		SOLE		131,518	0	165,775
IntercontinentalExchange Group	COM	45866F104	6,864	94,653	SH		SOLE		88,858	0	5,795
International Business Machine	COM	459200101	6,546	42,666	SH		SOLE		26,576	0	16,090
Intl Paper Co Com	COM	460146103	680	12,725	SH		SOLE		12,725	0	0
Intuit Inc.	COM	461202103	1,063	6,133	SH		SOLE		6,133	0	0
iPATH Dow Jones UBS Commodity	ETF	06738C778	756	31,050	SH		SOLE		29,850	0	1,200
iShares 0-5 Year TIPS Bond ETF	ETF	46429B747	984	9,830	SH		SOLE		7,550	0	2,280
iShares Core MSCI EAFE	ETF	46432F842	3,656	55,500	SH		SOLE		51,400	0	4,100
iShares Core MSCI Emerging Mar	ETF	46434G103	2,445	41,872	SH		SOLE		38,227	0	3,645
iShares Core S&P MidCap	ETF	464287507	14,361	76,561	SH		SOLE		70,966	0	5,595
iShares Core S&P SmallCap	ETF	464287804	26,084	338,711	SH		SOLE		293,376	0	45,335
iShares Core Total US Bond Mar	ETF	464287226	3,461	32,267	SH		SOLE		25,780	0	6,487
iShares Dow Jones U.S. Technol	COM	464287721	387	2,300	SH		SOLE		2,300	0	0
iShares Dow Jones US Oil & Gas	COM	464288851	498	7,840	SH		SOLE		7,315	0	525
iShares Dow Jones US Oil Equip	COM	464288844	211	6,500	SH		SOLE		6,000	0	500
iShares Floating Rate Bond ETF	ETF	46429B655	578	11,350	SH		SOLE		8,600	0	2,750
iShares iBonds Dec 2018 Corpor	ETF	46434VAA8	219	8,700	SH		SOLE		8,200	0	500
iShares iBonds Dec 2019 Corpor	ETF	46434VAU4	253	10,200	SH		SOLE		9,800	0	400
iShares iBoxx $ Inv Grade Corp	ETF	464287242	797	6,790	SH		SOLE		5,490	0	1,300
iShares Intermediate Credit Bo	ETF	464288638	2,984	27,824	SH		SOLE		23,449	0	4,375
iShares JPMorgan Emerg Mrkts B	ETF	464288281	662	5,870	SH		SOLE		5,305	0	565
iShares MSCI EAFE Small Cap In	ETF	464288273	1,464	22,454	SH		SOLE		20,379	0	2,075
iShares MSCI Emerging Markets	ETF	464287234	2,109	43,685	SH		SOLE		40,870	0	2,815
iShares Nasdaq Biotechnology I	COM	464287556	4,312	40,401	SH		SOLE		38,096	0	2,305
iShares National Muni Bond Fun	ETF	464288414	5,163	47,400	SH		SOLE		42,850	0	4,550
iShares Russell 1000 Growth In	ETF	464287614	1,123	8,255	SH		SOLE		7,995	0	260
iShares Russell 2000 Index Fun	ETF	464287655	305	2,007	SH		SOLE		1,447	0	560
iShares Russell 3000	ETF	464287689	758	4,850	SH		SOLE		4,700	0	150
iShares Russell Midcap Index F	ETF	464287499	1,732	8,390	SH		SOLE		7,044	0	1,346
iShares S&P 500 Growth Index F	ETF	464287309	314	2,025	SH		SOLE		1,950	0	75
iShares S&P 500 Index Fund	ETF	464287200	2,034	7,666	SH		SOLE		5,035	0	2,631
iShares S&P Global Energy Inde	COM	464287341	1,428	42,024	SH		SOLE		36,324	0	5,700
iShares S&P New York AMT-Free	ETF	464288323	225	4,100	SH		SOLE		4,100	0	0
iShares S&P Short Term Nat'l A	ETF	464288158	320	3,050	SH		SOLE		3,050	0	0
iShares Tr Barclays 1-3 Year	ETF	464288646	4,752	45,783	SH		SOLE		39,843	0	5,940
iShares Tr MSCI EAFE Index	ETF	464287465	16,528	237,195	SH		SOLE		218,560	0	18,635
iShares U.S. Preferred Stock	ETF	464288687	755	20,100	SH		SOLE		17,200	0	2,900
J P Morgan Chase & Co	COM	46625H100	19,761	179,694	SH		SOLE		123,005	0	56,689
J.M. Smucker Company	COM	832696405	7,434	59,943	SH		SOLE		32,760	0	27,183
Jacobs Engineering Group Inc	COM	469814107	245	4,145	SH		SOLE		4,145	0	0
Johnson & Johnson Co.	COM	478160104	26,404	206,036	SH		SOLE		112,338	0	93,698
JPMorgan Chase & Co Alerian ML	ETF	46625H365	792	32,995	SH		SOLE		29,595	0	3,400
KeyCorp	COM	493267108	1,073	54,900	SH		SOLE		54,900	0	0
Keysight Technologies, Inc.	COM	49338L103	286	5,459	SH		SOLE		5,459	0	0
Kimberly-Clark Corp	COM	494368103	687	6,242	SH		SOLE		3,067	0	3,175
Laboratory Corp Amer Hldgs	COM	50540R409	679	4,200	SH		SOLE		4,200	0	0
Las Vegas Sands Corp	COM	517834107	1,183	16,450	SH		SOLE		16,450	0	0
LKQ Corporation	COM	501889208	377	9,930	SH		SOLE		9,930	0	0
Lockheed Martin Corpration	COM	539830109	1,643	4,861	SH		SOLE		4,861	0	0
Lowes Companies Inc.	COM	548661107	2,488	28,350	SH		SOLE		28,350	0	0
Marathon Petroleum Corporation	COM	56585A102	2,508	34,310	SH		SOLE		32,190	0	2,120
Marsh & McLennan Companies, In	COM	571748102	1,070	12,960	SH		SOLE		8,640	0	4,320
MasterCard, Inc.	COM	57636Q104	11,475	65,510	SH		SOLE		32,890	0	32,620
McDonalds Corp	COM	580135101	4,329	27,684	SH		SOLE		20,379	0	7,305
Merck & Co., Inc.	COM	58933Y105	4,314	79,203	SH		SOLE		60,203	0	19,000
MetLife, Inc.	COM	59156R108	830	18,085	SH		SOLE		18,085	0	0
Microchip Technology, Inc.	COM	595017104	1,084	11,863	SH		SOLE		11,668	0	195
Microsoft Corp	COM	594918104	34,142	374,080	SH		SOLE		211,672	0	162,408
Mondelez International, Inc.	COM	609207105	554	13,278	SH		SOLE		13,002	0	276
Nestle SA-Sponsored ADR	COM	641069406	12,720	160,908	SH		SOLE		77,132	0	83,776
New Residential Investment Cor	COM	64828T201	506	30,750	SH		SOLE		30,750	0	0
Nextera Energy, Inc.	COM	65339F101	2,042	12,504	SH		SOLE		12,504	0	0
Nike Inc	COM	654106103	1,551	23,349	SH		SOLE		21,914	0	1,435
Norfolk Southern Corp	COM	655844108	326	2,400	SH		SOLE		2,400	0	0
Northern Trust Corp	COM	665859104	7,689	74,561	SH		SOLE		36,644	0	37,917
Northrop Grumman Corporation	COM	666807102	3,281	9,398	SH		SOLE		8,213	0	1,185
Novartis AG	COM	66987V109	5,010	61,966	SH		SOLE		58,525	0	3,431
NVIDIA Corporation	COM	67066G104	1,935	8,357	SH		SOLE		3,957	0	4,400
Occidental Petroleum Corp	COM	674599105	774	11,920	SH		SOLE		11,825	0	95
Omnicom Group Inc.	COM	681919106	2,322	31,953	SH		SOLE		30,453	0	1,500
Oracle Systems Corporation	COM	68389X105	9,277	202,778	SH		SOLE		143,528	0	59,250
Packaging Corp of America	COM	695156109	324	2,875	SH		SOLE		2,875	0	0
PacWest Bancorp	COM	695263103	851	17,175	SH		SOLE		17,175	0	0
Palo Alto Networks, Inc.	COM	697435105	4,280	23,579	SH		SOLE		22,474	0	1,095
Paychex Inc.	COM	704326107	292	4,735	SH		SOLE		3,300	0	1,435
PayPal Holdings, Inc.	COM	70450Y103	1,873	24,685	SH		SOLE		23,605	0	1,080
Pepsico Inc	COM	713448108	27,397	251,000	SH		SOLE		154,036	0	96,964
Pfizer, Inc	COM	717081103	7,817	220,250	SH		SOLE		128,350	0	91,900
Philip Morris International, I	COM	718172109	8,043	80,917	SH		SOLE		40,057	0	40,860
PNC Financial Corp	COM	693475105	12,279	81,190	SH		SOLE		46,875	0	34,315
PowerShares Senior Loan Portfo	ETF	73936Q769	1,285	55,550	SH		SOLE		49,200	0	6,350
Praxair Inc	COM	74005P104	3,532	24,478	SH		SOLE		22,928	0	1,550
Principal Financial Group	COM	74251V102	879	14,427	SH		SOLE		12,025	0	2,402
Procter & Gamble Co	COM	742718109	3,587	45,245	SH		SOLE		39,137	0	6,108
Qualcomm Inc.	COM	747525103	1,079	19,475	SH		SOLE		19,475	0	0
Raytheon Co	COM	755111507	9,649	44,710	SH		SOLE		21,150	0	23,560
Regeneron Pharmaceuticals, Inc	COM	75886F107	1,559	4,526	SH		SOLE		1,983	0	2,543
Rite Aid Corp	COM	767754104	34	20,390	SH		SOLE		390	0	20,000
Rockwell Collins, Inc.	COM	774341101	357	2,646	SH		SOLE		2,608	0	38
Roper Industries Inc New	COM	776696106	2,389	8,510	SH		SOLE		7,920	0	590
Royal Dutch Shell PLC ADR CL A	COM	780259206	1,080	16,930	SH		SOLE		16,040	0	890
Royal Dutch Shell PLC ADR CL B	COM	780259107	601	9,175	SH		SOLE		475	0	8,700
S&P Global Inc.	COM	78409V104	1,834	9,600	SH		SOLE		8,955	0	645
Salesforce Com Inc.	COM	79466L302	7,507	64,551	SH		SOLE		60,391	0	4,160
Schlumberger Ltd	COM	806857108	2,731	42,164	SH		SOLE		41,224	0	940
Schwab U.S. Broad Market	ETF	808524102	367	5,760	SH		SOLE		5,760	0	0
Seagate Technology	COM	G7945M107	422	7,205	SH		SOLE		6,690	0	515
Sherwin Williams Co	COM	824348106	2,993	7,632	SH		SOLE		132	0	7,500
Six Flags Entertainment Corpor	COM	83001A102	748	12,020	SH		SOLE		12,020	0	0
Skyworks Solutions, Inc.	COM	83088M102	1,589	15,850	SH		SOLE		15,755	0	95
Southern Company	COM	842587107	480	10,740	SH		SOLE		1,965	0	8,775
SPDR Barclays Capital Short Te	ETF	78468R408	773	28,225	SH		SOLE		23,550	0	4,675
SPDR Barclays Capital Short Te	ETF	78468R739	3,211	67,139	SH		SOLE		67,139	0	0
SPDR Energy Select Sector	COM	81369Y506	303	4,500	SH		SOLE		4,500	0	0
SPDR Financial Select Sector	COM	81369Y605	13,845	502,166	SH		SOLE		254,966	0	247,200
SPDR Gold Trust	ETF	78463V107	1,775	14,110	SH		SOLE		11,800	0	2,310
SPDR S&P 500 ETF Trust	ETF	78462F103	14,959	56,845	SH		SOLE		47,629	0	9,215
SPDR S&P International SmallCa	ETF	78463X871	1,273	35,967	SH		SOLE		32,917	0	3,050
SPDR S&P Midcap 400	ETF	78467Y107	8,194	23,978	SH		SOLE		20,278	0	3,700
SPDR Utilities Select Sector	COM	81369Y886	217	4,300	SH		SOLE		0	0	4,300
Spire, Inc.	COM	84857L101	427	5,900	SH		SOLE		0	0	5,900
Starbucks Corp	COM	855244109	5,876	101,511	SH		SOLE		95,496	0	6,015
Stericycle Inc.	COM	858912108	217	3,703	SH		SOLE		3,703	0	0
Stryker Corporation	COM	863667101	18,125	112,631	SH		SOLE		65,346	0	47,285
Sysco Corporation	COM	871829107	1,277	21,303	SH		SOLE		8,423	0	12,880
Target Corp	COM	87612E106	318	4,575	SH		SOLE		4,541	0	34
Texas Instruments Inc.	COM	882508104	2,619	25,210	SH		SOLE		25,210	0	0
Thermo Fisher Scientific, Inc.	COM	883556102	11,694	56,641	SH		SOLE		53,101	0	3,530
Time Warner Inc.	COM	887317303	1,238	13,091	SH		SOLE		12,996	0	95
TJX Companies Inc.	COM	872540109	2,501	30,660	SH		SOLE		28,135	0	2,525
T-Mobile US, Inc.	COM	872590104	1,640	26,875	SH		SOLE		25,310	0	1,565
Total SA ADR	COM	89151E109	601	10,425	SH		SOLE		9,925	0	500
UGI Corp New	COM	902681105	426	9,600	SH		SOLE		0	0	9,600
Union Pacific Corp	COM	907818108	6,722	50,003	SH		SOLE		47,103	0	2,900
United Technologies Corp	COM	913017109	1,023	8,129	SH		SOLE		7,154	0	975
UnitedHealth Group, Inc.	COM	91324P102	5,954	27,821	SH		SOLE		25,436	0	2,385
Valero Refining & Marketing Co	COM	91913Y100	640	6,900	SH		SOLE		6,900	0	0
VanEck Vectors High Yield Muni	ETF	92189F361	1,426	46,000	SH		SOLE		40,800	0	5,200
Vanguard Emerging Markets	ETF	922042858	2,921	62,166	SH		SOLE		59,616	0	2,550
Vanguard FTSE All-World Ex-US	ETF	922042775	14,226	261,654	SH		SOLE		239,619	0	22,035
Vanguard Mid-Cap ETF	ETF	922908629	1,213	7,863	SH		SOLE		7,563	0	300
Vanguard MSCI EAFE	ETF	921943858	3,788	85,600	SH		SOLE		82,725	0	2,875
Vanguard REIT	COM	922908553	2,354	31,191	SH		SOLE		29,916	0	1,275
Vanguard Short-Term Inflation	ETF	922020805	1,720	35,166	SH		SOLE		35,166	0	0
Vanguard Small-Cap ETF	ETF	922908751	3,795	25,828	SH		SOLE		25,428	0	400
Vanguard Total Bond Market Fun	ETF	921937835	707	8,843	SH		SOLE		5,643	0	3,200
Vanguard Total International B	ETF	92203J407	995	18,185	SH		SOLE		14,725	0	3,460
Vanguard Total Stock Market VI	ETF	922908769	2,885	21,257	SH		SOLE		20,532	0	725
Vectren Corporation	COM	92240G101	1,349	21,100	SH		SOLE		21,100	0	0
Veris Gold Corp	COM	92346R100	1	10,000	SH		SOLE		0	0	10,000
Verizon Communications	COM	92343V104	1,754	36,670	SH		SOLE		33,504	0	3,166
Visa Inc.	COM	92826C839	17,588	147,029	SH		SOLE		117,310	0	29,709
Vodafone Group New ADR	COM	92857W308	453	16,267	SH		SOLE		16,267	0	0
Voya Financial, Inc.	COM	929089100	1,922	38,065	SH		SOLE		37,815	0	250
Walgreens Boots Alliance, Inc.	COM	931427108	20,096	306,943	SH		SOLE		146,578	0	160,365
Walt Disney Co.	COM	254687106	17,652	175,750	SH		SOLE		94,547	0	81,203
Watsco, Inc.	COM	942622200	842	4,650	SH		SOLE		4,650	0	0
WEC Energy Group, Inc.	COM	92939U106	463	7,385	SH		SOLE		6,542	0	843
Wells Fargo & Co.	COM	949746101	3,038	57,963	SH		SOLE		46,713	0	11,250
Wells Fargo & Company 5.5 Pfd	PFD	94988U672	923	37,119	SH		SOLE		35,200	0	1,919
Weyerhaeuser Co.	COM	962166104	5,963	170,361	SH		SOLE		112,442	0	57,919
WGL Holdings, Inc.	COM	92924F106	540	6,450	SH		SOLE		750	0	5,700
Willis Towers Watson PLC	COM	G96629103	5,111	33,582	SH		SOLE		14,957	0	18,625
Worldpay, Inc.	COM	981558109	1,530	18,600	SH		SOLE		18,600	0	0
Wynn Resorts Ltd.	COM	983134107	1,762	9,660	SH		SOLE		8,990	0	670
XPO Logistics, Inc.	COM	983793100	1,152	11,315	SH		SOLE		10,525	0	790
YUM! Brands, Inc.	COM	988498101	405	4,755	SH		SOLE		4,755	0	0
Zebra Technologies Corp	COM	989207105	673	4,836	SH		SOLE		0	0	4,836
Zoetis, Inc.	COM	98978V103	1,842	22,055	SH		SOLE		20,505	0	1,550