Donaldson 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
***BANK OF MONTREAL	COM	063671101	246	4,400	SH		SOLE		0	0	4,400
3M COMPANY	COM	88579Y101	351	4,892	SH		SOLE		0	0	4,892
ABBOTT LABS COM	COM	002824100	8,399	164,231	SH		SOLE		0	0	164,231
AFLAC INC	COM	001055102	711	20,338	SH		SOLE		0	0	20,338
ALBEMARLE CORP	COM	012653101	537	13,292	SH		SOLE		0	0	13,292
AMERISOURCEBERGEN CORP COM	COM	03073E105	1,691	45,375	SH		SOLE		0	0	45,375
APPLE COMPUTER	COM	037833100	233	611	SH		SOLE		0	0	611
ATLANTIC PWR CORP	COM	04878Q863	142	10,000	SH		SOLE		0	0	10,000
AUTOMATIC DATA PROCESSING INC	COM	053015103	7,212	152,956	SH		SOLE		0	0	152,956
BANK OF AMER CORP	COM	060505104	158	25,835	SH		SOLE		0	0	25,835
BARCLAYS PLC ADR	COM	06738E204	117	12,012	SH		SOLE		0	0	12,012
BCE INC	COM	05534B760	207	5,522	SH		SOLE		0	0	5,522
BECTON DICKINSON & CO	COM	075887109	1,032	14,075	SH		SOLE		0	0	14,075
BERKSHIRE HATHAWAY INC CL B	COM	084670702	1,270	17,875	SH		SOLE		0	0	17,875
BOEING	COM	097023105	1,241	20,505	SH		SOLE		0	0	20,505
BP PRUDHOE BAY ROYALTY TRUST	COM	055630107	527	5,000	SH		SOLE		0	0	5,000
BRISTOL MYERS SQUIBB CO	COM	110122108	411	13,083	SH		SOLE		0	0	13,083
BUCKEYE PARTNERS LP	COM	118230101	456	7,300	SH		SOLE		0	0	7,300
CATERPILLAR INC	COM	149123101	6,208	84,074	SH		SOLE		0	0	84,074
CHEVRON CORP	COM	166764100	2,747	29,667	SH		SOLE		0	0	29,667
CINCINNATI FINL CORP COM	COM	172062101	5,136	195,054	SH		SOLE		0	0	195,054
CISCO SYSTEMS INC	COM	17275R102	156	10,056	SH		SOLE		0	0	10,056
COCA COLA CO	COM	191216100	518	7,667	SH		SOLE		0	0	7,667
COLGATE PALMOLIVE	COM	194162103	217	2,450	SH		SOLE		0	0	2,450
CVS CORP	COM	126650100	1,030	30,657	SH		SOLE		0	0	30,657
DOMINION RES INC VA NEW COM	COM	25746U109	6,798	133,898	SH		SOLE		0	0	133,898
DUKE ENERGY CORP (HOLDING COMP	COM	26441C204	314	15,694	SH		SOLE		0	0	15,694
EATON CORP	COM	278058102	805	22,662	SH		SOLE		0	0	22,662
ECOLAB INC	COM	278865100	1,622	33,170	SH		SOLE		0	0	33,170
ELI LILLY & CO	COM	532457108	354	9,576	SH		SOLE		0	0	9,576
EMERSON ELEC CO COM	COM	291011104	6,410	155,162	SH		SOLE		0	0	155,162
ENERGY S&P SECTOR	COM	81369Y506	517	8,831	SH		SOLE		0	0	8,831
EXPEDITORS INTL WASH INC COM	COM	302130109	879	21,676	SH		SOLE		0	0	21,676
EXXON MOBIL CORP COM	COM	30231G102	9,440	129,979	SH		SOLE		0	0	129,979
FIRST FINANCIAL CORP-IND	COM	320218100	948	34,454	SH		SOLE		0	0	34,454
GENERAL ELECTRIC CO COM	COM	369604103	4,734	311,050	SH		SOLE		0	0	311,050
HEALTH CARE REIT INC COM	COM	42217K106	6,733	143,863	SH		SOLE		0	0	143,863
HEMIWEDGE INDUSTRIES INC- DELI	COM	42366T106	2	35,000	SH		SOLE		0	0	35,000
INDUSTRIAL S&P SECTOR	COM	81369Y704	276	9,439	SH		SOLE		0	0	9,439
INTEGRA BANK CORPORATION	COM	45814P105	0	11,555	SH		SOLE		0	0	11,555
INTEL CORP	COM	458140100	201	9,400	SH		SOLE		0	0	9,400
INTERNATIONAL BUSINESS MACHS C	COM	459200101	8,201	46,900	SH		SOLE		0	0	46,900
ISHARES DJ SELECT DIVIDEND	COM	464287168	403	8,363	SH		SOLE		0	0	8,363
ISHARES TR S&P SMALLCAP 600 GT	COM	464287887	1,631	25,304	SH		SOLE		0	0	25,304
ISHARES TRUST MSCI EAFE INDEX	COM	464287465	212	4,431	SH		SOLE		0	0	4,431
ISHARES TRUST S&P SMALLCAP 600	COM	464287804	244	4,175	SH		SOLE		0	0	4,175
JOHNSON & JOHNSON COM	COM	478160104	13,034	204,646	SH		SOLE		0	0	204,646
JOHNSON CONTROLS INC	COM	478366107	1,218	46,184	SH		SOLE		0	0	46,184
KINDER MORGAN ENERGY	COM	494550106	653	9,550	SH		SOLE		0	0	9,550
KINDER MORGAN MANAGEMENT LLC S	COM	49455U100	9,939	169,346	SH		SOLE		0	0	169,346
MCDONALDS CORP COM	COM	580135101	9,735	110,852	SH		SOLE		0	0	110,852
MICROSOFT CORP	COM	594918104	1,770	71,115	SH		SOLE		0	0	71,115
NEXTERA ENERGY INC COM	COM	65339F101	9,076	168,014	SH		SOLE		0	0	168,014
NIKE	COM	654106103	1,625	19,000	SH		SOLE		0	0	19,000
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	913	9,170	SH		SOLE		0	0	9,170
NUSTAR ENERGY LP UNIT	COM	67058H102	261	5,000	SH		SOLE		0	0	5,000
NUVEEN PREM INCOME MUN FD	COM	67062T100	165	12,000	SH		SOLE		0	0	12,000
OLD NATIONAL BANCORP-IND	COM	680033107	785	84,263	SH		SOLE		0	0	84,263
OMNICOM GROUP INC COM	COM	681919106	5,367	145,675	SH		SOLE		0	0	145,675
ONEOK INC NEW COM	COM	682680103	10,480	158,690	SH		SOLE		0	0	158,690
PEPSICO INC	COM	713448108	372	6,012	SH		SOLE		0	0	6,012
PHILIP MORRIS INTL	COM	718172109	205	3,288	SH		SOLE		0	0	3,288
PRAXAIR INC	COM	74005P104	1,460	15,623	SH		SOLE		0	0	15,623
PRICE T ROWE GROUP INC	COM	74144T108	1,132	23,691	SH		SOLE		0	0	23,691
PROCTER & GAMBLE CO COM	COM	742718109	9,535	150,911	SH		SOLE		0	0	150,911
PROGRESS ENERGY INC	COM	743263105	591	11,427	SH		SOLE		0	0	11,427
PROVIDENT ENERGY LTD NEW COM	COM	74386V100	85	10,358	SH		SOLE		0	0	10,358
REALTY INCOME CORP COM	COM	756109104	7,620	236,360	SH		SOLE		0	0	236,360
SCHLUMBERGER LTD	COM	806857108	1,176	19,690	SH		SOLE		0	0	19,690
SIEMENS AG-SPONS ADR	COM	826197501	5,345	59,527	SH		SOLE		0	0	59,527
SOUTHERN CO COM	COM	842587107	8,369	197,513	SH		SOLE		0	0	197,513
SPDR DOW JONES INDL AVE ETF -	COM	78467X109	221	2,027	SH		SOLE		0	0	2,027
STANLEY BLACK & DECKER INC COM	COM	854502101	4,789	97,535	SH		SOLE		0	0	97,535
TARGET CORP	COM	87612E106	202	4,117	SH		SOLE		0	0	4,117
TECHNOLOGY S&P SECTOR	COM	81369Y803	241	10,226	SH		SOLE		0	0	10,226
TEVA PHARMACEUTICAL ADR	COM	881624209	626	16,815	SH		SOLE		0	0	16,815
TJX COMPANIES INC	COM	872540109	1,818	32,776	SH		SOLE		0	0	32,776
TOYOTA MOTOR CORP SP ADR REP2C	COM	892331307	4,950	72,522	SH		SOLE		0	0	72,522
UNITED TECHNOLOGIES CORP COM	COM	913017109	11,692	166,177	SH		SOLE		0	0	166,177
V F CORP COM	COM	918204108	6,125	50,400	SH		SOLE		0	0	50,400
VANGAURD FTSE ALL WORLD EX-U	COM	922042775	318	8,215	SH		SOLE		0	0	8,215
VECTREN CORP	COM	92240G101	1,967	72,635	SH		SOLE		0	0	72,635
WELLS FARGO & CO NEW COM	COM	949746101	6,036	250,244	SH		SOLE		0	0	250,244
BLACKROCK EQUITY DIVD INST	MUFU	09251M504	176	10,727	SH		SOLE		0	0	10,727
DUPREE MUT FDS KY TAX-FR INCM	MUFU	266155100	213	27,235	SH		SOLE		0	0	27,235
FRANKLIN CUSTODIAN FDS INCOME	MUFU	353496300	231	116,460	SH		SOLE		0	0	116,460
MUTUAL SERIES SHARES FUND CL Z	MUFU	628380107	202	11,037	SH		SOLE		0	0	11,037
RUSSELL STRATEGIC BOND FUND CL	MUFU	782494454	159	14,493	SH		SOLE		0	0	14,493