Welch 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
1/100 Berkshire Htwy Cla	Common	84990175	760	400	SH		SOLE		0	0	400
3m Company	Common	88579Y101	14,179	98,988	SH		SOLE		0	0	98,988
A T & T Inc New	Common	00206R102	13,870	392,252	SH		SOLE		0	0	392,252
Abbott Laboratories	Common	2824100	507	12,404	SH		SOLE		0	0	12,404
Abbvie Inc Com USD0.01	Common	00287Y109	14,907	264,113	SH		SOLE		0	0	264,113
Accenture	Common	G1150G111	180	2,230	SH		SOLE		0	0	2,230
Acuity Brands Inc.	Common	00508Y102	138	1,000	SH		SOLE		0	0	1,000
Aes TRUST III	Common	00808N202	229	4,408	SH		SOLE		0	0	4,408
Albemarle Corp	Common	12653101	217	3,041	SH		SOLE		0	0	3,041
Altria Group Inc	Common	02209S103	621	14,818	SH		SOLE		0	0	14,818
American Express Company	Common	25816109	262	2,763	SH		SOLE		0	0	2,763
American Intl Group Inc	Common	26874107	123	2,250	SH		SOLE		0	0	2,250
Amern Tower Corp Class A	Common	29912201	117	1,300	SH		SOLE		0	0	1,300
Anadarko Petroleum Corp	Common	32511107	213	1,945	SH		SOLE		0	0	1,945
Apple Inc	Common	37833100	1,434	15,436	SH		SOLE		0	0	15,436
Archer-Daniels-Midlnd Co	Common	39483102	187	4,231	SH		SOLE		0	0	4,231
B P Prudhoe Bay Rlty Tr	Common	55630107	131	1,323	SH		SOLE		0	0	1,323
Baidu Com Inc Adr	Common	56752108	221	1,182	SH		SOLE		0	0	1,182
Banco Bilbao Argen Adr	Common	05946K101	281	22,032	SH		SOLE		0	0	22,032
Bank Of America Corp	Common	60505104	135	8,752	SH		SOLE		0	0	8,752
Baxter International Inc	Common	71813109	217	3,008	SH		SOLE		0	0	3,008
Bb&T Corporation	Common	54937107	184	4,664	SH		SOLE		0	0	4,664
Berkshire Hathaway Cl B	Common	84670207	1,419	11,215	SH		SOLE		0	0	11,215
Bhp Billiton Ltd Adr	Common	88606108	207	3,020	SH		SOLE		0	0	3,020
Boeing Co	Common	97023105	153	1,206	SH		SOLE		0	0	1,206
Bp Plc Adr	Common	55622104	257	4,879	SH		SOLE		0	0	4,879
Bristol-Myers Squibb Co	Common	110122108	373	7,698	SH		SOLE		0	0	7,698
Caterpillar Inc	Common	149123101	971	8,935	SH		SOLE		0	0	8,935
Celgene Corp	Common	151020104	103	1,196	SH		SOLE		0	0	1,196
Chevron Corporation	Common	166764100	14,577	111,660	SH		SOLE		0	0	111,660
Chicago Bridge & Iron	Common	167250109	118	1,735	SH		SOLE		0	0	1,735
Cincinnati Financial Cp	Common	172062101	12,602	262,317	SH		SOLE		0	0	262,317
Cisco Systems Inc	Common	17275R102	123	4,933	SH		SOLE		0	0	4,933
Clorox Company	Common	189054109	179	1,956	SH		SOLE		0	0	1,956
Cme Group Inc Cl A	Common	12572Q105	163	2,293	SH		SOLE		0	0	2,293
Coca Cola Company	Common	191216100	2,643	62,403	SH		SOLE		0	0	62,403
Colgate-Palmolive Co	Common	194162103	13,439	197,111	SH		SOLE		0	0	197,111
Conocophillips	Common	20825C104	15,652	182,572	SH		SOLE		0	0	182,572
Consolidated Edison Inc	Common	209115104	12,771	221,175	SH		SOLE		0	0	221,175
Core Laboratories N V	Common	N22717107	167	998	SH		SOLE		0	0	998
Cummins Inc	Common	231021106	170	1,100	SH		SOLE		0	0	1,100
Deere & Co	Common	244199105	294	3,249	SH		SOLE		0	0	3,249
Diageo Plc New Adr	Common	25243Q205	506	3,973	SH		SOLE		0	0	3,973
Disney Walt Co	Common	254687106	259	3,015	SH		SOLE		0	0	3,015
Dollar General Corp New	Common	256677105	169	2,952	SH		SOLE		0	0	2,952
Dominion Res Inc Va New	Common	25746U109	398	5,570	SH		SOLE		0	0	5,570
Du Pont E I De Nemour&Co	Common	263534109	13,572	207,397	SH		SOLE		0	0	207,397
Ebay Inc	Common	278642103	184	3,666	SH		SOLE		0	0	3,666
Emerson Electric Co	Common	291011104	13,445	202,609	SH		SOLE		0	0	202,609
Energen Corp	Common	29265N108	4,969	55,905	SH		SOLE		0	0	55,905
Equitable Resources Inc	Common	294549100	166	1,550	SH		SOLE		0	0	1,550
Express Scripts Inc	Common	302182100	209	3,014	SH		SOLE		0	0	3,014
Exxon Mobil Corporation	Common	30231G102	17,037	169,221	SH		SOLE		0	0	169,221
Gallagher Arthur J & Co	Common	363576109	12,683	272,172	SH		SOLE		0	0	272,172
General Electric Company	Common	369604103	469	17,833	SH		SOLE		0	0	17,833
General Mills Inc	Common	370334104	12,985	247,141	SH		SOLE		0	0	247,141
Gilead Sciences Inc	Common	375558103	259	3,118	SH		SOLE		0	0	3,118
Glaxosmithkline Plc Adrf	Common	37733W105	108	2,022	SH		SOLE		0	0	2,022
Google Inc Class A	Common	38259P508	269	460	SH		SOLE		0	0	460
Halliburton Co Hldg Co	Common	406216101	229	3,220	SH		SOLE		0	0	3,220
Home Depot Inc	Common	437076102	13,601	167,997	SH		SOLE		0	0	167,997
Honeywell International	Common	438516106	186	2,000	SH		SOLE		0	0	2,000
Idexx Labs Inc	Common	45168D104	134	1,000	SH		SOLE		0	0	1,000
Intel Corp	Common	458140100	15,833	512,391	SH		SOLE		0	0	512,391
Intl Business Machines	Common	459200101	791	4,361	SH		SOLE		0	0	4,361
Ishares Etf	Common	46434G103	278	5,380	SH		SOLE		0	0	5,380
Johnson & Johnson	Common	478160104	14,806	141,521	SH		SOLE		0	0	141,521
JP Morgan Chase & Co	Common	46625H100	235	4,082	SH		SOLE		0	0	4,082
Kellogg Company	Common	487836108	263	4,000	SH		SOLE		0	0	4,000
Kimberly-Clark Corp	Common	494368103	13,127	118,025	SH		SOLE		0	0	118,025
Kraft Foods Group	Common	50076Q106	607	10,119	SH		SOLE		0	0	10,119
Leggett & Platt Inc	Common	524660107	13,538	394,930	SH		SOLE		0	0	394,930
Lockheed Martin Corp	Common	539830109	14,848	92,380	SH		SOLE		0	0	92,380
Mastercard Inc	Common	57636Q104	208	2,831	SH		SOLE		0	0	2,831
Mc Donalds Corp	Common	580135101	13,211	131,142	SH		SOLE		0	0	131,142
Meadwestvaco Corporation	Common	583334107	171	3,856	SH		SOLE		0	0	3,856
Merck & Co Inc	Common	589331107	1,049	18,128	SH		SOLE		0	0	18,128
Microsoft Corp	Common	594918104	536	12,861	SH		SOLE		0	0	12,861
Mondelez Intl Inc Cl A	Common	609207105	252	6,706	SH		SOLE		0	0	6,706
Natl Retail	Common	637417601	106	4,200	SH		SOLE		0	0	4,200
Nestle S A Reg B Adr	Common	641069406	131	1,692	SH		SOLE		0	0	1,692
NextEra Energy Inc	Common	65339F101	14,783	144,253	SH		SOLE		0	0	144,253
Norfolk Southern Corp	Common	655844108	138	1,337	SH		SOLE		0	0	1,337
Northrop Grumman Corp	Common	666807102	343	2,870	SH		SOLE		0	0	2,870
Novartis A G Spon Adr	Common	66987V109	14,086	155,595	SH		SOLE		0	0	155,595
Nucor Corp	Common	670346105	114	2,306	SH		SOLE		0	0	2,306
Nvidia Corp	Common	67066G104	202	10,911	SH		SOLE		0	0	10,911
Oracle Corporation	Common	68389X105	214	5,284	SH		SOLE		0	0	5,284
P P G Industries Inc	Common	693506107	531	2,527	SH		SOLE		0	0	2,527
Paychex Inc	Common	704326107	12,695	305,464	SH		SOLE		0	0	305,464
Pepsico Incorporated	Common	713448108	14,061	157,389	SH		SOLE		0	0	157,389
Pfizer Incorporated	Common	717081103	202	6,799	SH		SOLE		0	0	6,799
Philip Morris Intl Inc	Common	718172109	1,455	17,256	SH		SOLE		0	0	17,256
POWERSHARES QQQ TRUST	Common	73935A104	2,237	23,822	SH		SOLE		0	0	23,822
Proassurance Corporation	Common	74267C106	1,695	38,172	SH		SOLE		0	0	38,172
Procter & Gamble	Common	742718109	12,749	162,224	SH		SOLE		0	0	162,224
Protective Life Corp	Common	743674103	1,898	27,372	SH		SOLE		0	0	27,372
Qualcomm Inc	Common	747525103	199	2,509	SH		SOLE		0	0	2,509
Realty Incm E	Common	756109708	104	4,000	SH		SOLE		0	0	4,000
Regions Financial Cp New	Common	7591EP100	866	81,571	SH		SOLE		0	0	81,571
Ross Stores Inc	Common	778296103	158	2,382	SH		SOLE		0	0	2,382
Royal Bk Cda Montreal	Common	780087102	484	6,776	SH		SOLE		0	0	6,776
Royal Dutch Shell A Adrf	Common	780259206	9,607	116,631	SH		SOLE		0	0	116,631
Royal Dutch Shell B Adrf	Common	780259107	5,421	62,303	SH		SOLE		0	0	62,303
Scana Corporation New	Common	80589M102	608	11,304	SH		SOLE		0	0	11,304
Schlumberger Ltd	Common	806857108	792	6,715	SH		SOLE		0	0	6,715
Sempra Energy	Common	816851109	126	1,200	SH		SOLE		0	0	1,200
Servisfirst Bancshares	Common	81768T108	2,247	26,000	SH		SOLE		0	0	26,000
Sherwin Williams Co	Common	824348106	127	615	SH		SOLE		0	0	615
Stryker Corp	Common	863667101	350	4,156	SH		SOLE		0	0	4,156
Suntrust Banks Inc	Common	867914103	101	2,527	SH		SOLE		0	0	2,527
Synovus Financial Corp	Common	87161C105	850	34,848	SH		SOLE		0	0	34,848
T J X Co. Inc	Common	872540109	163	3,060	SH		SOLE		0	0	3,060
The Southern Company	Common	842587107	14,277	314,601	SH		SOLE		0	0	314,601
Tiffany & Co New	Common	886547108	155	1,547	SH		SOLE		0	0	1,547
Torchmark Corporation	Common	891027104	2,497	30,479	SH		SOLE		0	0	30,479
Tupperware Brands Corp	Common	899896104	210	2,510	SH		SOLE		0	0	2,510
U S Bancorp Del New	Common	902973304	235	5,418	SH		SOLE		0	0	5,418
Unilever N V Ny Shs Newf	Common	904784709	2,501	57,142	SH		SOLE		0	0	57,142
Unilever Plc Adr New	Common	904767704	11,075	244,365	SH		SOLE		0	0	244,365
Union Pacific Corp	Common	907818108	131	1,312	SH		SOLE		0	0	1,312
United Technologies Corp	Common	913017109	13,792	119,460	SH		SOLE		0	0	119,460
V F Corporation	Common	918204108	253	4,021	SH		SOLE		0	0	4,021
Vanguard Msci Eafe Etf	Common	921943858	2,441	57,307	SH		SOLE		0	0	57,307
Verizon Communications	Common	92343V104	13,453	274,941	SH		SOLE		0	0	274,941
Vulcan Materials Company	Common	929160109	3,193	50,081	SH		SOLE		0	0	50,081
Waddell & Reed Finl Cl A	Common	930059100	318	5,080	SH		SOLE		0	0	5,080
Wal-Mart Stores Inc	Common	931142103	300	3,998	SH		SOLE		0	0	3,998
Walgreen Company	Common	931422109	572	7,711	SH		SOLE		0	0	7,711
Wells Fargo & Co New	Common	949746101	813	15,465	SH		SOLE		0	0	15,465
Xcel Energy Inc	Common	98389B100	273	8,463	SH		SOLE		0	0	8,463
Xpo Logistics Inc	Common	983793100	286	10,000	SH		SOLE		0	0	10,000
Yum Brands Inc	Common	988498101	454	5,595	SH		SOLE		0	0	5,595
Hutton Tele TRUST Unit	Common	447900101	134	35,800	SH		SOLE		0	0	35,800
Ishares S&P 500 Value	Common	464287408	530	5,872	SH		SOLE		0	0	5,872
Ishares Silver TRUST	Common	46428Q109	477	23,551	SH		SOLE		0	0	23,551
Ishares Tr Comex Gold	Common	464285105	210	16,300	SH		SOLE		0	0	16,300
Powershares RAFI Emerging Mkt	Common	73936T763	305	14,322	SH		SOLE		0	0	14,322
Powershares RAFI Small/Mid Cap	Common	73935X567	342	3,394	SH		SOLE		0	0	3,394
Powershs RAFI Large Cap US	Common	73935X583	861	9,734	SH		SOLE		0	0	9,734
Streettracks Gold TRUST	Common	863307104	1,174	9,168	SH		SOLE		0	0	9,168
Vanguard Emerging Market	Common	922042858	2,468	57,222	SH		SOLE		0	0	57,222
Vanguard Extended Mkt	Common	922908652	2,241	25,539	SH		SOLE		0	0	25,539