Maryland Capital Management 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
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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	783	6,557	SH		SOLE		6,557	0	0
Abbott Laboratories	COM	002824100	13,197	397,617	SH		SOLE		397,617	0	0
AbbVie, Inc.	COM	00287Y109	1,133	25,325	SH		SOLE		25,325	0	0
Accenture PLC	COM	G1151C101	263	3,570	SH		SOLE		3,570	0	0
Actavis PLC	COM	G0083B108	20,781	144,315	SH		SOLE		144,315	0	0
Aflac Inc.	COM	001055102	15,919	256,801	SH		SOLE		256,801	0	0
Alkane, Inc.	COM	01642L105	0	10,000	SH		SOLE		10,000	0	0
Altria Group Inc.	COM	02209S103	729	21,210	SH		SOLE		21,210	0	0
Amazon.com Inc.	COM	023135106	224	716	SH		SOLE		716	0	0
American Campus Communities	COM	024835100	350	10,240	SH		SOLE		10,240	0	0
American Express Co.	COM	025816109	370	4,900	SH		SOLE		4,900	0	0
Apple Inc.	COM	037833100	14,941	31,339	SH		SOLE		31,339	0	0
Apple Inc.	COM	037833100	110	231	SH		SOLE		231	0	0
Aqua America Corp.	COM	03836W103	463	18,732	SH		SOLE		18,732	0	0
Arch Capital Group Ltd.	COM	G0450A105	211	3,900	SH		SOLE		3,900	0	0
Arthur J. Gallagher & Co.	COM	363576109	987	22,615	SH		SOLE		22,615	0	0
AT&T Inc.	COM	00206R102	5,158	152,508	SH		SOLE		152,508	0	0
Automatic Data Processing, Inc	COM	053015103	204	2,812	SH		SOLE		2,812	0	0
Bank of America Corp.	COM	060505104	232	16,830	SH		SOLE		16,830	0	0
Bard (C.R.) Company, Inc.	COM	067383109	221	1,920	SH		SOLE		1,920	0	0
BB&T Corporation	COM	054937107	2,433	72,086	SH		SOLE		72,086	0	0
Becton Dickinson & Company, In	COM	075887109	247	2,468	SH		SOLE		2,468	0	0
Berkshire Hathaway, Inc.- CL B	COM	084670702	2,882	25,392	SH		SOLE		25,392	0	0
Boardwalk Pipeline Partners, L	COM	096627104	504	16,580	SH		SOLE		16,580	0	0
Bristol Myers Squibb, Inc.	COM	110122108	1,302	28,129	SH		SOLE		28,129	0	0
Buckeye Partners UTS Limited P	COM	118230101	675	10,300	SH		SOLE		10,300	0	0
Canadian National RY Co.	COM	136375102	203	2,000	SH		SOLE		2,000	0	0
Catamaran Corporation	COM	148887102	17,060	371,276	SH		SOLE		371,276	0	0
Caterpillar Inc.	COM	149123101	579	6,940	SH		SOLE		6,940	0	0
CenturyLink, Inc.	COM	156700106	1,606	51,180	SH		SOLE		51,180	0	0
Chambers Street Properties	COM	157842105	95	10,869	SH		SOLE		10,869	0	0
Chevron Corp.	COM	166764100	2,914	23,986	SH		SOLE		23,986	0	0
Chipotle Mexican Grill Inc.	COM	169656105	22,175	51,713	SH		SOLE		51,713	0	0
Cincinnati Financial Corporati	COM	172062101	1,002	21,255	SH		SOLE		21,255	0	0
Cisco Systems, Inc.	COM	17275R102	388	16,545	SH		SOLE		16,545	0	0
Coca-Cola Co.	COM	191216100	1,968	51,958	SH		SOLE		51,958	0	0
Colgate Palmolive Co.	COM	194162103	747	12,594	SH		SOLE		12,594	0	0
ConocoPhillips	COM	20825C104	5,392	77,573	SH		SOLE		77,573	0	0
Consolidated Edison Co., Inc.	COM	209115104	432	7,831	SH		SOLE		7,831	0	0
Corporate Office Properties Tr	COM	22002T108	3,147	136,235	SH		SOLE		136,235	0	0
Costco Wholesale Corp.	COM	22160K105	497	4,317	SH		SOLE		4,317	0	0
Cummins Inc.	COM	231021106	11,695	88,022	SH		SOLE		88,022	0	0
CVS Caremark Corp.	COM	126650100	1,009	17,772	SH		SOLE		17,772	0	0
Danaher Corp.	COM	235851102	202	2,915	SH		SOLE		2,915	0	0
Danaher Corp.	COM	235851102	562	8,108	SH		SOLE		8,108	0	0
Deere & Co., Inc.	COM	244199105	216	2,650	SH		SOLE		2,650	0	0
Dominion Resources, Inc.	COM	25746U109	1,736	27,785	SH		SOLE		27,785	0	0
Duke Energy Corp.	COM	26441C204	3,509	52,543	SH		SOLE		52,543	0	0
Dupont Co., Inc.	COM	263534109	2,483	42,408	SH		SOLE		42,408	0	0
eBay, Inc.	COM	278642103	12,448	223,101	SH		SOLE		223,101	0	0
Eli Lilly & Co.	COM	532457108	1,688	33,543	SH		SOLE		33,543	0	0
EMC Corp.	COM	268648102	241	9,410	SH		SOLE		9,410	0	0
Empire District Electric Co.	COM	291641108	347	16,000	SH		SOLE		16,000	0	0
Enbridge Energy Partners, LP	COM	29250R106	3,043	99,918	SH		SOLE		99,918	0	0
Energy Transfer Partners LP	COM	29273R109	224	4,300	SH		SOLE		4,300	0	0
Enterprise Products Partners L	COM	293792107	2,043	33,474	SH		SOLE		33,474	0	0
Exelon Corporation	COM	30161N101	288	9,703	SH		SOLE		9,703	0	0
Express Scripts Holding Compan	COM	30219G108	24,353	394,069	SH		SOLE		394,069	0	0
Exxon Mobil Corp.	COM	30231G102	20,220	235,001	SH		SOLE		235,001	0	0
Federal Realty Investment Trus	COM	313747206	254	2,505	SH		SOLE		2,505	0	0
FelCor Lodging Trust Incorpora	COM	31430F101	74	12,000	SH		SOLE		12,000	0	0
Foot Locker Inc.	COM	344849104	247	7,280	SH		SOLE		7,280	0	0
Ford Motor Corp.	COM	345370860	582	34,488	SH		SOLE		34,488	0	0
Frontier Communications	COM	35906A108	64	15,376	SH		SOLE		15,376	0	0
General Electric Co., Inc.	COM	369604103	18,081	756,854	SH		SOLE		756,854	0	0
General Electric Co., Inc.	COM	369604103	0	10	SH		SOLE		10	0	0
GlaxoSmithKline PLC	COM	37733W105	209	4,174	SH		SOLE		4,174	0	0
Google Inc.	COM	38259P508	12,857	14,679	SH		SOLE		14,679	0	0
Google Inc.	COM	38259P508	88	100	SH		SOLE		100	0	0
HCP, Inc.	COM	40414L109	3,580	87,430	SH		SOLE		87,430	0	0
Health Care Reit Inc.	COM	42217K106	5,234	83,910	SH		SOLE		83,910	0	0
Healthcare Realty Trust Inc.	COM	421946104	315	13,625	SH		SOLE		13,625	0	0
Home Depot, Inc.	COM	437076102	1,323	17,447	SH		SOLE		17,447	0	0
Home Properties, Inc.	COM	437306103	1,093	18,925	SH		SOLE		18,925	0	0
Intel Corp.	COM	458140100	12,209	532,646	SH		SOLE		532,646	0	0
Intl Business Machines, Corp.	COM	459200101	2,178	11,759	SH		SOLE		11,759	0	0
J P Morgan Chase & Co.	COM	46625H100	1,555	30,074	SH		SOLE		30,074	0	0
Johnson & Johnson	COM	478160104	3,322	38,316	SH		SOLE		38,316	0	0
Kimberly Clark Corp.	COM	494368103	1,089	11,555	SH		SOLE		11,555	0	0
Kinder Morgan Energy Unit LTD	COM	494550106	3,749	46,962	SH		SOLE		46,962	0	0
Kinder Morgan Inc.	COM	49456B101	797	22,405	SH		SOLE		22,405	0	0
Kraft Foods Group	COM	50076Q106	255	4,855	SH		SOLE		4,855	0	0
Las Vegas Sands Corp.	COM	517834107	14,857	223,690	SH		SOLE		223,690	0	0
Lockheed Martin Corp. Inc.	COM	539830109	263	2,065	SH		SOLE		2,065	0	0
Lowes Companies, Inc.	COM	548661107	553	11,615	SH		SOLE		11,615	0	0
M & T Bank Corp.	COM	55261F104	12,766	114,062	SH		SOLE		114,062	0	0
Marathon Oil Corp.	COM	565849106	270	7,741	SH		SOLE		7,741	0	0
Marathon Petroleum Corporation	COM	56585A102	230	3,575	SH		SOLE		3,575	0	0
MasterCard Incorporated	COM	57636Q104	13,220	19,650	SH		SOLE		19,650	0	0
McCormick & Co., Inc. - Voting	COM	579780107	6,774	104,217	SH		SOLE		104,217	0	0
McCormick & Company, Inc.	COM	579780206	4,388	67,821	SH		SOLE		67,821	0	0
McDonald's Corp., Inc.	COM	580135101	1,591	16,539	SH		SOLE		16,539	0	0
Medtronic, Inc.	COM	585055106	826	15,507	SH		SOLE		15,507	0	0
Merck & Co., Inc.	COM	58933Y105	1,421	29,855	SH		SOLE		29,855	0	0
Microsoft Corp.	COM	594918104	13,411	402,972	SH		SOLE		402,972	0	0
Mondelez Int'l. Inc.	COM	609207105	327	10,418	SH		SOLE		10,418	0	0
NextEra Energy	COM	65339F101	1,095	13,655	SH		SOLE		13,655	0	0
NII Holdings Inc.	COM	62913F201	183	30,200	SH		SOLE		30,200	0	0
Norfolk Southern Corporation	COM	655844108	205	2,650	SH		SOLE		2,650	0	0
Occidental Petroleum Corp., In	COM	674599105	287	3,065	SH		SOLE		3,065	0	0
Oceaneering Intl Inc.	COM	675232102	333	4,100	SH		SOLE		4,100	0	0
Omega Healthcare Invs REIT	COM	681936100	1,128	37,775	SH		SOLE		37,775	0	0
Oracle Corp.	COM	68389X105	534	16,092	SH		SOLE		16,092	0	0
Paychex, Inc.	COM	704326107	262	6,455	SH		SOLE		6,455	0	0
Pepco Holdings	COM	713291102	714	38,678	SH		SOLE		38,678	0	0
Pepsico, Inc.	COM	713448108	14,453	181,803	SH		SOLE		181,803	0	0
Pfizer, Inc.	COM	717081103	2,957	102,958	SH		SOLE		102,958	0	0
Philip Morris International In	COM	718172109	1,239	14,304	SH		SOLE		14,304	0	0
Phillips 66	COM	718546104	296	5,118	SH		SOLE		5,118	0	0
Plum Creek Timber Co. REIT	COM	729251108	631	13,465	SH		SOLE		13,465	0	0
PPL Corporation	COM	69351T106	1,679	55,255	SH		SOLE		55,255	0	0
Procter & Gamble, Co.	COM	742718109	14,168	187,427	SH		SOLE		187,427	0	0
Prologis REIT	COM	74340W103	245	6,509	SH		SOLE		6,509	0	0
Qualcomm, Inc.	COM	747525103	12,459	185,073	SH		SOLE		185,073	0	0
Rock-Tenn Company-CL A	COM	772739207	1,158	11,434	SH		SOLE		11,434	0	0
Royal Dutch Shell	COM	780259206	353	5,380	SH		SOLE		5,380	0	0
Sandy Spring Bancorp, Inc.	COM	800363103	428	18,400	SH		SOLE		18,400	0	0
Schlumberger Inc.	COM	806857108	823	9,314	SH		SOLE		9,314	0	0
Sequenom, Inc.	COM	817337405	27	10,000	SH		SOLE		10,000	0	0
Simon Property Group	COM	828806109	305	2,058	SH		SOLE		2,058	0	0
Southern Company, Inc.	COM	842587107	1,587	38,538	SH		SOLE		38,538	0	0
Suburban Propane Partners, L.P	COM	864482104	1,226	26,190	SH		SOLE		26,190	0	0
T J X Cos Inc.	COM	872540109	255	4,520	SH		SOLE		4,520	0	0
T.Rowe Price Group, Inc.	COM	74144T108	9,417	130,914	SH		SOLE		130,914	0	0
Target Corp.	COM	87612E106	202	3,150	SH		SOLE		3,150	0	0
Time Warner Cable	COM	88732J207	527	4,725	SH		SOLE		4,725	0	0
Time Warner Inc.	COM	887317303	1,298	19,724	SH		SOLE		19,724	0	0
U S Bancorp.	COM	902973304	365	9,967	SH		SOLE		9,967	0	0
Under Armour, Inc.	COM	904311107	18,888	237,734	SH		SOLE		237,734	0	0
United Technologies, Inc.	COM	913017109	307	2,851	SH		SOLE		2,851	0	0
United Therapeutics Corp.	COM	91307C102	11,452	145,233	SH		SOLE		145,233	0	0
Universal Health Realty Income	COM	91359E105	340	8,120	SH		SOLE		8,120	0	0
V.F. Corporation	COM	918204108	19,799	99,465	SH		SOLE		99,465	0	0
Ventas, Inc.	COM	92276F100	881	14,321	SH		SOLE		14,321	0	0
Verizon Communications	COM	92343V104	4,857	104,055	SH		SOLE		104,055	0	0
W.W. Grainger, Inc.	COM	384802104	232	887	SH		SOLE		887	0	0
Wal-Mart Company, Inc.	COM	931142103	991	13,396	SH		SOLE		13,396	0	0
Walt Disney Company, Inc.	COM	254687106	470	7,289	SH		SOLE		7,289	0	0
Washington REIT	COM	939653101	4,352	172,202	SH		SOLE		172,202	0	0
Weingarten Realty Investors	COM	948741103	488	16,630	SH		SOLE		16,630	0	0
Wells Fargo Inc.	COM	949746101	1,138	27,550	SH		SOLE		27,550	0	0
Westar Energy, Inc.	COM	95709T100	201	6,555	SH		SOLE		6,555	0	0
WGL Holdings, Inc.	COM	92924F106	450	10,526	SH		SOLE		10,526	0	0
Whole Foods Market, Inc.	COM	966837106	596	10,195	SH		SOLE		10,195	0	0
Yum Brands, Inc.	COM	988498101	13,630	190,930	SH		SOLE		190,930	0	0
Aegon NV 7.25% PFD	PFD	N00927348	511	20,400	SH		SOLE		20,400	0	0
BG&E Cap Trust II 6.20% Prefer	PFD	05541Q206	2,210	88,310	SH		SOLE		88,310	0	0
Goldman Sachs- Series B Pfd. 6	PFD	38141GCM4	248	10,400	SH		SOLE		10,400	0	0
Goldman Sachs Group, Inc. 6.12	PFD	38145X111	1,488	61,090	SH		SOLE		61,090	0	0
Hospitality Properties Trust-	PFD	44106M607	300	12,095	SH		SOLE		12,095	0	0
JP Morgan Chase 6.70% due 4/2/	PFD	48125E207	1,237	48,665	SH		SOLE		48,665	0	0
Metlife Inc. 6.5% Pfd Non-cumu	PFD	59156R603	1,653	66,425	SH		SOLE		66,425	0	0
Partnerre Ltd. 6.5% Perpetual	PFD	G68603409	664	27,925	SH		SOLE		27,925	0	0
AGIC Conv & Income Fund	ETF	018828103	648	68,750	SH		SOLE		68,750	0	0
Alerian MLP ETF	ETF	00162Q866	6,712	381,555	SH		SOLE		381,555	0	0
Alliance Bernstein Global High	ETF	01879R106	1,286	85,570	SH		SOLE		85,570	0	0
BlackRock Corporate High Yield	ETF	09255P107	310	26,400	SH		SOLE		26,400	0	0
Calamos Cnv High Income Fund	ETF	12811P108	349	27,850	SH		SOLE		27,850	0	0
Calamos Conv Opportunity Fund	ETF	128117108	1,888	149,855	SH		SOLE		149,855	0	0
ClearBridge Energy MLP Fund In	ETF	184692101	332	12,450	SH		SOLE		12,450	0	0
Diamonds Trust Series	ETF	78467X109	424	2,810	SH		SOLE		2,810	0	0
Dreyfus Midcap Index Fund	ETF	712223106	213	6,006	SH		SOLE		6,006	0	0
Eaton Vance Income Fund of Bos	ETF	277907101	585	98,239	SH		SOLE		98,239	0	0
Global X FTSE Greece 20 ETF	ETF	37950E366	291	15,055	SH		SOLE		15,055	0	0
Global X SuperDividend ETF	ETF	37950E549	969	42,355	SH		SOLE		42,355	0	0
iPath Dow Jones-AIG Commodity	ETF	06738C778	1,184	31,785	SH		SOLE		31,785	0	0
iPath MSCI India Index (ETN)	ETF	06739F291	224	4,425	SH		SOLE		4,425	0	0
iShares Dow Jones U.S. Healthc	ETF	464287762	373	3,484	SH		SOLE		3,484	0	0
iShares Dow Jones US Consumer	ETF	464287812	349	3,909	SH		SOLE		3,909	0	0
iShares Dow Jones US Industria	ETF	464287754	349	3,861	SH		SOLE		3,861	0	0
iShares FTSE/Xinhua China 25 I	ETF	464287184	943	25,420	SH		SOLE		25,420	0	0
iShares iBoxx $ Invest Grade C	ETF	464287242	969	8,533	SH		SOLE		8,533	0	0
iShares JPMorgan USD Emer Mkt	ETF	464288281	369	3,384	SH		SOLE		3,384	0	0
iShares MSCI ACWI ex US Health	ETF	464289552	312	4,162	SH		SOLE		4,162	0	0
iShares MSCI BRIC Index	ETF	464286657	733	19,675	SH		SOLE		19,675	0	0
iShares MSCI EAFE Index Fund	ETF	464287465	3,803	59,602	SH		SOLE		59,602	0	0
iShares MSCI Emerging Markets	ETF	464287234	1,376	33,765	SH		SOLE		33,765	0	0
iShares MSCI Germany Index Fun	ETF	464286806	546	19,625	SH		SOLE		19,625	0	0
iShares MSCI Hong Kong Index F	ETF	464286871	345	17,235	SH		SOLE		17,235	0	0
iShares MSCI Japan Index Fund	ETF	464286848	123	10,325	SH		SOLE		10,325	0	0
iShares MSCI Netherlands Inves	ETF	464286814	572	24,035	SH		SOLE		24,035	0	0
iShares MSCI Sweden Index (ETF	ETF	464286756	561	16,370	SH		SOLE		16,370	0	0
iShares Russell 1000 Growth	ETF	464287614	909	11,625	SH		SOLE		11,625	0	0
iShares Russell 2000 Index Fun	ETF	464287655	4,511	42,315	SH		SOLE		42,315	0	0
iShares Russell MidCap Index F	ETF	464287499	789	5,671	SH		SOLE		5,671	0	0
iShares Russell Midcap Value I	ETF	464287473	731	12,000	SH		SOLE		12,000	0	0
iShares TR Barclays Aggregate	ETF	464287226	1,195	11,149	SH		SOLE		11,149	0	0
iShares Tr Dow Jones RE US Rea	ETF	464287739	691	10,825	SH		SOLE		10,825	0	0
iShares Trust FTSE EPRA NAREIT	ETF	464288489	599	17,859	SH		SOLE		17,859	0	0
iShares Trust Iboxx $ High Yie	ETF	464288513	4,868	53,155	SH		SOLE		53,155	0	0
iShares Trust Russell 2000 Gro	ETF	464287648	731	5,810	SH		SOLE		5,810	0	0
iShares Trust S&P 500 Index	ETF	464287200	6,744	39,926	SH		SOLE		39,926	0	0
Kayne Anderson Energy Total Re	ETF	48660P104	227	7,600	SH		SOLE		7,600	0	0
Kayne Anderson MLP Investment	ETF	486606106	1,000	27,890	SH		SOLE		27,890	0	0
Laudus Mondrian Emerging Marke	ETF	51855Q622	111	12,753	SH		SOLE		12,753	0	0
Market Vectors Gulf States(ETF	ETF	57060U779	220	8,750	SH		SOLE		8,750	0	0
Metropolitan West Total Return	ETF	592905103	261	24,615	SH		SOLE		24,615	0	0
MFS Charter Income Trust	ETF	552727109	89	10,000	SH		SOLE		10,000	0	0
Natixis Gateway Y	ETF	367829884	3,057	108,710	SH		SOLE		108,710	0	0
New America High Income Fund I	ETF	641876800	103	10,883	SH		SOLE		10,883	0	0
Nicholas-Applegate Conv. Incom	ETF	018825109	281	32,625	SH		SOLE		32,625	0	0
Nuveen Equity Premier Income F	ETF	6706ER101	135	11,200	SH		SOLE		11,200	0	0
Nuveen Equity Premier Oppty Fu	ETF	6706EM102	137	11,400	SH		SOLE		11,400	0	0
Nuveen MD Prem Income Muni Fun	ETF	67061Q107	220	18,067	SH		SOLE		18,067	0	0
Oakseed Opportunity Institutio	ETF	46141P206	185	15,861	SH		SOLE		15,861	0	0
Pimco Corporate Oppty Fund	ETF	72201B101	190	10,500	SH		SOLE		10,500	0	0
Pimco Total Return Fund	ETF	693390700	198	18,304	SH		SOLE		18,304	0	0
Pimco Total Return Fund - CL D	ETF	693391674	109	10,105	SH		SOLE		10,105	0	0
Powershares India ETF	ETF	73935L100	566	35,450	SH		SOLE		35,450	0	0
RidgeWorth US Gov. Sec. Ultra-	ETF	76628T439	299	29,597	SH		SOLE		29,597	0	0
Schwab 100 Index - Investor Sh	ETF	808517106	2,460	53,144	SH		SOLE		53,144	0	0
Schwab Value Advantage Money F	ETF	808515605	671	670,689	SH		SOLE		670,689	0	0
Shares MSCI Switzerland Index	ETF	464286749	669	21,400	SH		SOLE		21,400	0	0
SPDR DJ Wilshire REIT ETF	ETF	78464A607	2,334	31,997	SH		SOLE		31,997	0	0
SPDR Gold Trust ETF	ETF	78463V107	271	2,115	SH		SOLE		2,115	0	0
T Rowe Price Maryland Tax Free	ETF	77957R101	589	56,410	SH		SOLE		56,410	0	0
T. Rowe Price New Asia Fund	ETF	77956H500	192	11,796	SH		SOLE		11,796	0	0
Vanguard Consumer Discretionar	ETF	92204A108	454	4,597	SH		SOLE		4,597	0	0
Vanguard GNMA Fund Admiral Sha	ETF	922031794	1,317	124,873	SH		SOLE		124,873	0	0
Vanguard GNMA Fund Investor Sh	ETF	922031307	390	36,956	SH		SOLE		36,956	0	0
Vanguard Index Trust 500	ETF	922908108	235	1,514	SH		SOLE		1,514	0	0
Vanguard Large Cap	ETF	922908637	709	9,173	SH		SOLE		9,173	0	0
Vanguard LT Investment Grade A	ETF	922031778	217	22,369	SH		SOLE		22,369	0	0
Vanguard Mid Cap ETF	ETF	922908629	3,097	30,221	SH		SOLE		30,221	0	0
Vanguard MSCI EAFE ETF	ETF	921943858	2,958	74,747	SH		SOLE		74,747	0	0
Vanguard MSCI Emerging Markets	ETF	922042858	3,524	87,809	SH		SOLE		87,809	0	0
Vanguard MSCI Europe ETF	ETF	922042874	837	15,360	SH		SOLE		15,360	0	0
Vanguard REIT ETF	ETF	922908553	4,273	64,608	SH		SOLE		64,608	0	0
Vanguard S&P 500 (ETF)	ETF	922908413	238	3,095	SH		SOLE		3,095	0	0
Vanguard Short Term Tax Exempt	ETF	922907803	202	12,723	SH		SOLE		12,723	0	0
Vanguard Small Cap ETF	ETF	922908751	4,953	48,330	SH		SOLE		48,330	0	0
Vanguard Total Stock Market In	ETF	922908306	1,212	28,433	SH		SOLE		28,433	0	0
Western Asst High Incm Opprtnt	ETF	95766K109	358	60,000	SH		SOLE		60,000	0	0
WT Municipal Bond Common Fund	ETF	625993AB6	154	14,530	SH		SOLE		14,530	0	0
Apple Inc. Call @ $450, Exp. 0	CALL	037833900	728	100	SH		SOLE		100	0	0