Capital Directions Investment Advisors 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
Apple Computer Inc	COM	037833100	123	665	SH		SOLE		665	0	0
iShares MSCI ACWI Index	COM	464288257	259	3,636	SH		SOLE		3,636	0	0
iShares Tr Lehman Bd Fd	COM	464287226	2,050	19,285	SH		SOLE		19,285	0	0
Alaska Air Group Inc	COM	011659109	32	524	SH		SOLE		524	0	0
Amgen Inc	COM	031162100	46	250	SH		SOLE		250	0	0
Amazon Com Inc	COM	023135106	93	55	SH		SOLE		55	0	0
American Water Works Co	COM	030420103	24	285	SH		SOLE		285	0	0
American Express Co.	COM	025816109	33	337	SH		SOLE		337	0	0
Boeing Co.	COM	097023105	18	54	SH		SOLE		54	0	0
Bank of America Corp.	COM	060505104	8	282	SH		SOLE		282	0	0
Baxter Intl Inc.	COM	071813109	53	715	SH		SOLE		715	0	0
Vanguard Bond Index Fund	COM	921937819	66	812	SH		SOLE		812	0	0
Bristol-Myers Squibb Co.	COM	110122108	64	1,150	SH		SOLE		1,150	0	0
Vanguard Total Bond Index Fund	COM	921937835	157	1,982	SH		SOLE		1,982	0	0
Berkshire Hathaway Cl B	COM	084670702	284	1,523	SH		SOLE		1,523	0	0
Vanguard Bond Index Fund	COM	921937827	41	524	SH		SOLE		524	0	0
Caterpillar Tractor Co. S	COM	149123101	4	28	SH		SOLE		28	0	0
Carnival Corp.	COM	143658300	17	300	SH		SOLE		300	0	0
Church & Dwight Co Inc	COM	171340102	39	725	SH		SOLE		725	0	0
ISHARES CALIFORNIA MUNI BOND E TF	COM	464288356	15	264	SH		SOLE		264	0	0
Cousins Properties Inc.	COM	222795106	16	1,627	SH		SOLE		1,627	0	0
Chevron Corp	COM	166764100	51	402	SH		SOLE		402	0	0
Discover Finl Svcs	COM	254709108	38	540	SH		SOLE		540	0	0
Danaher Corp Del	COM	235851102	54	547	SH		SOLE		547	0	0
Walt Disney Co.	COM	254687106	29	280	SH		SOLE		280	0	0
DOVER CORPORATION	COM	260003108	8	110	SH		SOLE		110	0	0
Darden Restaurants Inc	COM	237194105	330	3,086	SH		SOLE		3,086	0	0
iShares Select Dividend ETF	COM	464287168	60	609	SH		SOLE		609	0	0
iShares MSCI Emerging Markets Index	COM	464287234	6,173	142,469	SH		SOLE		142,469	0	0
iShares MSCI EAFE Index	COM	464287465	82,742	1,235,503	SH		SOLE		1,235,503	0	0
Ishares Msci Val Idx Fd	COM	464288877	84	1,631	SH		SOLE		1,631	0	0
Eastman Chemical Co.	COM	277432100	3	28	SH		SOLE		28	0	0
Emerson Electric Co	COM	291011104	3	42	SH		SOLE		42	0	0
Floor & Decor Holdin	COM	339750101	27	550	SH		SOLE		550	0	0
FIDELITY COVINGTON TRUST MSCI REAL ESATE INDEX ETF	COM	316092857	41	1,689	SH		SOLE		1,689	0	0
General Electric Co.	COM	369604103	255	18,722	SH		SOLE		18,722	0	0
Gilead Sciences Inc	COM	375558103	71	1,000	SH		SOLE		1,000	0	0
General Mills Inc	COM	370334104	22	500	SH		SOLE		500	0	0
Home Depot	COM	437076102	30	155	SH		SOLE		155	0	0
Harris Corporation	COM	413875105	6	40	SH		SOLE		40	0	0
Ishares TRUST	COM	464288513	8	96	SH		SOLE		96	0	0
Ishares Tr Nasdaq Bio Fd	COM	464287556	17	156	SH		SOLE		156	0	0
International Business Machines	COM	459200101	4	30	SH		SOLE		30	0	0
Ishares Barclays 3-7 Yr Treas Bd Fd	COM	464288661	25	206	SH		SOLE		206	0	0
Ishares S&P North Am Fd	COM	464287374	1,102	29,891	SH		SOLE		29,891	0	0
ISHARES INTL TREASURY BOND ETF	COM	464288117	2	32	SH		SOLE		32	0	0
iShares S&P MidCap 400 Index	COM	464287507	920	4,724	SH		SOLE		4,724	0	0
iShares S&P Midcap Value	COM	464287705	112	690	SH		SOLE		690	0	0
iShares S&P MidCap 400 - Barra Growth	COM	464287606	31,623	140,686	SH		SOLE		140,686	0	0
iShares Core S&P Small Cap ETF	COM	464287804	37	439	SH		SOLE		439	0	0
Ishares S&P Smallcap	COM	464287879	67	410	SH		SOLE		410	0	0
Intel Corp.	COM	458140100	399	8,021	SH		SOLE		8,021	0	0
International Paper Co.	COM	460146103	68	1,300	SH		SOLE		1,300	0	0
iShares Core S&P Total U.S. ETF	COM	464287150	387	6,186	SH		SOLE		6,186	0	0
ILLINOIS TOOL WORKS INC	COM	452308109	3	23	SH		SOLE		23	0	0
Ishares Core S&P US	COM	464287671	1	24	SH		SOLE		24	0	0
Ishares Core S&P US	COM	464287663	2	39	SH		SOLE		39	0	0
iShares Tr S&P 500 Value	COM	464287408	664	6,032	SH		SOLE		6,032	0	0
iShares S&P 500 Index	COM	464287200	2,396	8,777	SH		SOLE		8,777	0	0
iShares Russell 1000 Value	COM	464287598	2,715	22,366	SH		SOLE		22,366	0	0
iShares Russell 1000 Growth	COM	464287614	4,344	30,207	SH		SOLE		30,207	0	0
iShares Russell 2000	COM	464287655	46,772	285,598	SH		SOLE		285,598	0	0
iShares Russell 2000 Value	COM	464287630	729	5,529	SH		SOLE		5,529	0	0
iShares Russell 2000 Growth	COM	464287648	1,302	6,374	SH		SOLE		6,374	0	0
iShares Russell Mid Cap Growth	COM	464287481	1,634	12,895	SH		SOLE		12,895	0	0
iShares Russell Midcap	COM	464287499	84	394	SH		SOLE		394	0	0
iShares Russell Midcap Value	COM	464287473	273	3,089	SH		SOLE		3,089	0	0
Ishares Russell 3000 Index	COM	464287689	693	4,271	SH		SOLE		4,271	0	0
Ishares DJ Tech Index	COM	464287721	244	1,366	SH		SOLE		1,366	0	0
J B Hunt Transport	COM	445658107	38	315	SH		SOLE		315	0	0
Johnson & Johnson	COM	478160104	128	1,051	SH		SOLE		1,051	0	0
Kraft Heinz Company	COM	500754106	93	1,476	SH		SOLE		1,476	0	0
Lilly Eli & Co.	COM	532457108	96	1,120	SH		SOLE		1,120	0	0
Lincoln National Corp	COM	534187109	25	400	SH		SOLE		400	0	0
Lowes Companies Inc.	COM	548661107	29	300	SH		SOLE		300	0	0
Ishares Tr Gs Investop	COM	464287242	29	251	SH		SOLE		251	0	0
Marriott International	COM	571903202	4	32	SH		SOLE		32	0	0
Ishares TRUST ETF	COM	464288588	58	552	SH		SOLE		552	0	0
McDonalds Corp.	COM	580135101	6	36	SH		SOLE		36	0	0
Mondelez Intl Inc Cl A	COM	609207105	182	4,429	SH		SOLE		4,429	0	0
Marsh & McLennan Inc.	COM	571748102	4	44	SH		SOLE		44	0	0
Morgan Stanley	COM	617446448	34	720	SH		SOLE		720	0	0
Microsoft Corp.	COM	594918104	434	4,403	SH		SOLE		4,403	0	0
iShares S&P National Muni Bond	COM	464288414	3,743	34,323	SH		SOLE		34,323	0	0
Noble Energy Inc	COM	655044105	56	1,600	SH		SOLE		1,600	0	0
Nasdaq Omx Group Inc	COM	631103108	14	155	SH		SOLE		155	0	0
Newfield Exploration	COM	651290108	18	600	SH		SOLE		600	0	0
Nike Inc Class B	COM	654106103	33	415	SH		SOLE		415	0	0
Nrg Energy Inc New	COM	629377508	0	3	SH		SOLE		3	0	0
Nucor Corp	COM	670346105	19	300	SH		SOLE		300	0	0
Omnicom Group Inc	COM	681919106	15	200	SH		SOLE		200	0	0
Paychex Inc	COM	704326107	149	2,186	SH		SOLE		2,186	0	0
Pepsico Inc.	COM	713448108	138	1,267	SH		SOLE		1,267	0	0
Pfizer Inc.	COM	717081103	18	500	SH		SOLE		500	0	0
Procter & Gamble Co.	COM	742718109	133	1,708	SH		SOLE		1,708	0	0
Perkinelmer Inc	COM	714046109	4	57	SH		SOLE		57	0	0
Philip Morris Intl Inc	COM	718172109	156	1,934	SH		SOLE		1,934	0	0
Pinnacle West Capital Cp	COM	723484101	129	1,600	SH		SOLE		1,600	0	0
PERSPECTA INC COM	COM	715347100	0	3	SH		SOLE		3	0	0
Phillips	COM	718546104	37	325	SH		SOLE		325	0	0
Qualcomm Inc	COM	747525103	58	1,025	SH		SOLE		1,025	0	0
Royal Dutch Shell Plc Spon Adr Repstg	COM	780259206	31	450	SH		SOLE		450	0	0
Raytheon Company New	COM	755111507	472	2,444	SH		SOLE		2,444	0	0
Schwab US Small Cap ETF	COM	808524607	89	1,208	SH		SOLE		1,208	0	0
Schwab Intl Small Cap ETF	COM	808524888	31	848	SH		SOLE		848	0	0
Schwab Emerging Markets Equity ETF	COM	808524706	23	875	SH		SOLE		875	0	0
Schwab FTSE Dev International	COM	808524805	100	3,033	SH		SOLE		3,033	0	0
Schwab US Large Cap Growth ETF	COM	808524300	311	4,098	SH		SOLE		4,098	0	0
Schwab US REIT ETF	COM	808524847	35	826	SH		SOLE		826	0	0
Schwab US Mid-Cap ETF	COM	808524508	80	1,455	SH		SOLE		1,455	0	0
Schwab Intm US Trsr ETF	COM	808524854	21	393	SH		SOLE		393	0	0
Schwab US Large Cap Value ETF	COM	808524409	296	5,567	SH		SOLE		5,567	0	0
The Charles Schwab Corp	COM	808513105	3	67	SH		SOLE		67	0	0
Schwab US Large Cap ETF	COM	808524201	172	2,640	SH		SOLE		2,640	0	0
iShares MSCI EAFE Small Cap	COM	464288273	1,216	19,389	SH		SOLE		19,389	0	0
Schlumberger Ltd.	COM	806857108	47	700	SH		SOLE		700	0	0
Southern Co.	COM	842587107	42	910	SH		SOLE		910	0	0
Sempra Energy	COM	816851109	23	200	SH		SOLE		200	0	0
SunTrust Banks Inc.	COM	867914103	5	83	SH		SOLE		83	0	0
iShares S&P Short Term Muni Fund	COM	464288158	92	880	SH		SOLE		880	0	0
Stryker Corp	COM	863667101	4	22	SH		SOLE		22	0	0
Hanover Insurance Group	COM	410867105	251	2,096	SH		SOLE		2,096	0	0
Ishares Tr Lehman Tips	COM	464287176	74	658	SH		SOLE		658	0	0
Thermo Electron Corp	COM	883556102	43	206	SH		SOLE		206	0	0
Taiwan Semiconductr Adrf	COM	874039100	42	1,150	SH		SOLE		1,150	0	0
Tyson Foods Inc Cl A	COM	902494103	34	500	SH		SOLE		500	0	0
Total Systems Services	COM	891906109	1,834	21,704	SH	��	SOLE		21,704	0	0
Texas Instruments Inc.	COM	882508104	5	46	SH		SOLE		46	0	0
Union Pacific Corp	COM	907818108	4	31	SH		SOLE		31	0	0
United Parcel Service B	COM	911312106	59	553	SH		SOLE		553	0	0
United Technologies Co.	COM	913017109	973	7,779	SH		SOLE		7,779	0	0
Vanguard Small Cap ETf	COM	922908751	1,937	12,443	SH		SOLE		12,443	0	0
Vanguard Small Cap Value	COM	922908611	13	96	SH		SOLE		96	0	0
Vanguard MSCI EAFE ETF	COM	921943858	2	38	SH		SOLE		38	0	0
Vanguard Intl Eqty Index	COM	922042775	20	392	SH		SOLE		392	0	0
Vanguard Div Apprciation	COM	921908844	2,746	27,025	SH		SOLE		27,025	0	0
Vanguard Reit	COM	922908553	872	10,709	SH		SOLE		10,709	0	0
Vanguard Mid Cap	COM	922908629	12	73	SH		SOLE		73	0	0
VANGUARD CRSP US MID CAP VALUE INDE ETF	COM	922908512	32	286	SH		SOLE		286	0	0
Vanguard FTSE US SMall Cap ETF	COM	922042718	10	88	SH		SOLE		88	0	0
Vanguard Total World	COM	922042742	1,496	20,387	SH		SOLE		20,387	0	0
Vanguard Total Stock Mkt	COM	922908769	3,483	24,805	SH		SOLE		24,805	0	0
Vanguard FTSE Emerging Markets	COM	922042858	24	561	SH		SOLE		561	0	0
Vanguard Total Interntl	COM	921909768	11	200	SH		SOLE		200	0	0
Vanguard Whitehall Funds	COM	921946406	4	52	SH		SOLE		52	0	0
Waters Corp	COM	941848103	13	68	SH		SOLE		68	0	0
Walgreens Boots Allianc	COM	931427108	48	800	SH		SOLE		800	0	0
Wells Fargo & Co.	COM	949746101	65	1,175	SH		SOLE		1,175	0	0
Wal-Mart Stores Inc.	COM	931142103	4	49	SH		SOLE		49	0	0
Worldpay I N C	COM	981558109	13	155	SH		SOLE		155	0	0
Weyerhaeuser Co.	COM	962166104	7	189	SH		SOLE		189	0	0
Yum Brands Inc	COM	988498101	2	27	SH		SOLE		27	0	0