Culbertson A N & Co 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	5,318	37,508	SH		SOLE	NONE	0	0	0
Abbott Labs	COM	2824100	3,667	91,165	SH		SOLE	NONE	0	0	0
Abbvie Inc	COM	00287Y109	4,298	78,990	SH		SOLE	NONE	0	0	0
Air Prod & Chemical	COM	9158106	3,474	27,232	SH		SOLE	NONE	0	0	0
Apple Computer Inc	COM	37833100	8,337	75,583	SH		SOLE	NONE	0	0	0
AT&T, Inc.	COM	00206R102	3,614	110,931	SH		SOLE	NONE	0	0	0
Automatic Data Processing	COM	53015103	2,795	34,780	SH		SOLE	NONE	0	0	0
Berkshire Hathaway	Class B	84670702	13,843	106,157	SH		SOLE	NONE	0	0	0
Biogen Idec Inc	COM	09062X103	321	1,100	SH		SOLE	NONE	0	0	0
Blackrock Inc COM	COM	09247X101	411	1,380	SH		SOLE	NONE	0	0	0
Branch Bank & Trust	COM	54937107	1,372	38,543	SH		SOLE	NONE	0	0	0
Brookfield Asset Management In	COM	112585104	3,512	111,705	SH		SOLE	NONE	0	0	0
Calamos Global Dynamic Inc	COM	12811L107	70	10,100	SH		SOLE	NONE	0	0	0
Capital One Financial	COM	14040H105	222	3,060	SH		SOLE	NONE	0	0	0
Caterpillar Inc.	COM	149123101	2,108	32,247	SH		SOLE	NONE	0	0	0
Chevron Corp	COM	166764100	4,328	54,871	SH		SOLE	NONE	0	0	0
Cisco Systems Inc.	COM	17275R102	2,902	110,571	SH		SOLE	NONE	0	0	0
Citigroup	COM	172967424	810	16,319	SH		SOLE	NONE	0	0	0
Clorox Co.	COM	189054109	924	7,994	SH		SOLE	NONE	0	0	0
Corning Inc.	COM	219350105	1,874	109,451	SH		SOLE	NONE	0	0	0
Cummins Inc Com	COM	231021106	4,014	36,970	SH		SOLE	NONE	0	0	0
CVS Corp	COM	126650100	10,286	106,609	SH		SOLE	NONE	0	0	0
Deere & Co Common	COM	244199105	1,276	17,240	SH		SOLE	NONE	0	0	0
Devon Energy Corporation New	COM	25179M103	1,528	41,194	SH		SOLE	NONE	0	0	0
Dominion Resources	COM	25746U109	1,920	27,275	SH		SOLE	NONE	0	0	0
E M C Corp Mass	COM	268648102	2,330	96,421	SH		SOLE	NONE	0	0	0
EOG Res Inc	COM	26875P101	2,092	28,743	SH		SOLE	NONE	0	0	0
Erie Indemnity Co.	COM	29530P102	531	6,400	SH		SOLE	NONE	0	0	0
Exxon Mobil	COM	30231G102	4,589	61,728	SH		SOLE	NONE	0	0	0
FEDEX Corp	COM	31428X106	4,244	29,478	SH		SOLE	NONE	0	0	0
Ford Motor Co.	COM	345370860	585	43,099	SH		SOLE	NONE	0	0	0
General Electric	COM	369604103	4,367	173,145	SH		SOLE	NONE	0	0	0
General Mills Inc.	COM	370334104	2,610	46,497	SH		SOLE	NONE	0	0	0
Goldman Sachs Group Inc	COM	38141G104	4,269	24,567	SH		SOLE	NONE	0	0	0
Google Inc Class A	COM	38259P508	845	1,323	SH		SOLE	NONE	0	0	0
Google, Inc. Class C	COM	38259P706	1,185	1,948	SH		SOLE	NONE	0	0	0
IBM	COM	459200101	5,406	37,292	SH		SOLE	NONE	0	0	0
Intel	COM	458140100	4,759	157,885	SH		SOLE	NONE	0	0	0
iShares Lehman Aggregate	COM	464287226	894	8,155	SH		SOLE	NONE	0	0	0
iShares Russell 2000 Index	COM	464287655	4,528	41,467	SH		SOLE	NONE	0	0	0
iShares Russell Midcap Index	COM	464287499	8,438	54,246	SH		SOLE	NONE	0	0	0
iShares Tr MSCI Emerging	COM	464287234	1,381	42,123	SH		SOLE	NONE	0	0	0
iShares Trust MSCI EAFE Index	COM	464287465	1,506	26,272	SH		SOLE	NONE	0	0	0
iShares Trust Russell 2000 Val	COM	464287630	390	4,334	SH		SOLE	NONE	0	0	0
iShares Trust S&P 100 Index Fu	COM	464287101	919	10,842	SH		SOLE	NONE	0	0	0
J.P. Morgan Chase & Co	COM	46625H100	6,875	112,761	SH		SOLE	NONE	0	0	0
Johnson & Johnson	COM	478160104	6,393	68,483	SH		SOLE	NONE	0	0	0
Johnson Controls	COM	478366107	5,288	127,852	SH		SOLE	NONE	0	0	0
Kellogg	COM	487836108	1,929	28,993	SH		SOLE	NONE	0	0	0
Kraft Heinz Co COM	COM	901040493	1,423	20,159	SH		SOLE	NONE	0	0	0
McDonalds Corp	COM	580135101	4,839	49,117	SH		SOLE	NONE	0	0	0
McKesson HBOC Inc Com	COM	58155Q103	6,384	34,505	SH		SOLE	NONE	0	0	0
MicroSoft Corp	COM	594918104	5,296	119,649	SH		SOLE	NONE	0	0	0
Mondelez Intl Inc COM	COM	609207105	3,056	72,981	SH		SOLE	NONE	0	0	0
Old Natl Bancorp Ind	COM	680033107	256	18,410	SH		SOLE	NONE	0	0	0
Oracle Corp	COM	68389X105	3,923	108,601	SH		SOLE	NONE	0	0	0
Pepsico Inc.	COM	713448108	6,623	70,231	SH		SOLE	NONE	0	0	0
Procter & Gamble	COM	742718109	5,409	75,191	SH		SOLE	NONE	0	0	0
Qualcomm	COM	747525103	1,599	29,751	SH		SOLE	NONE	0	0	0
Quaterra Resources COM	COM	747952109	2	33,000	SH		SOLE	NONE	0	0	0
S&P Dep Receipts (SPDRS)	COM	78462F103	955	4,983	SH		SOLE	NONE	0	0	0
Schlumberger	COM	806857108	3,548	51,438	SH		SOLE	NONE	0	0	0
Smucker J M Company New	COM	832696405	1,451	12,714	SH		SOLE	NONE	0	0	0
Starbucks Corp	COM	855244109	1,490	26,215	SH		SOLE	NONE	0	0	0
State Street Corp	COM	857477103	2,584	38,453	SH		SOLE	NONE	0	0	0
The Travelers Companies Inc	COM	89417E109	2,604	26,165	SH		SOLE	NONE	0	0	0
United Parcel Service	Class B	911312106	1,572	15,929	SH		SOLE	NONE	0	0	0
US Bancorp Del Com New	COM	902973304	1,494	36,428	SH		SOLE	NONE	0	0	0
Valeant Pharmaceuticals Intl	COM	91911K102	1,311	7,351	SH		SOLE	NONE	0	0	0
Vanguard Index Funds Small-Cap	COM	922908611	204	2,108	SH		SOLE	NONE	0	0	0
Vanguard Index Funds Vanguard	COM	922908769	618	6,258	SH		SOLE	NONE	0	0	0
Vanguard Info Tech Index	COM	92204A702	1,582	15,818	SH		SOLE	NONE	0	0	0
Varian Medical Systems Inc	COM	92220P105	4,387	59,455	SH		SOLE	NONE	0	0	0
Walt Disney	COM	254687106	1,395	13,646	SH		SOLE	NONE	0	0	0
Wells Fargo	COM	949746101	5,807	113,095	SH		SOLE	NONE	0	0	0
Whole Foods Mkt Inc COM	COM	966837106	226	7,125	SH		SOLE	NONE	0	0	0
Wisdomtree DIEFA Dividend Fund	COM	97717W703	667	14,678	SH		SOLE	NONE	0	0	0
Wisdomtree Emerg Mkts Equity I	COM	97717W315	1,028	30,697	SH		SOLE	NONE	0	0	0
Wisdomtree Emg Mk Sm Cap Dv Fu	COM	97717W281	326	9,156	SH		SOLE	NONE	0	0	0
Wisdomtree Large Cap Div	COM	97717W307	1,349	20,040	SH		SOLE	NONE	0	0	0
Wisdomtree Midcap Dividend Fun	COM	97717W505	1,197	15,408	SH		SOLE	NONE	0	0	0
Wisdomtree Midcap Earnings ETF	COM	97717W570	1,072	12,473	SH		SOLE	NONE	0	0	0
Wisdomtree Smallcap Earnings	COM	97717W562	998	13,580	SH		SOLE	NONE	0	0	0
Zimmer Biomet Holdings Inc.	COM	98956P102	749	7,969	SH		SOLE	NONE	0	0	0