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
***BP P L C SPONSORED ADR (FRM	COM	055622104	212	4,778	SH		SOLE		0	0	4,778
3M COMPANY	COM	88579Y101	471	4,967	SH		SOLE		0	0	4,967
ABBOTT LABORATORIES	COM	002824100	7,942	150,928	SH		SOLE		0	0	150,928
AFLAC INC	COM	001055102	1,077	23,072	SH		SOLE		0	0	23,072
AMERISOURCEBERGEN CORP COM	COM	03073E105	1,886	45,550	SH		SOLE		0	0	45,550
APPLE COMPUTER	COM	037833100	269	801	SH		SOLE		0	0	801
AT&T INC	COM	00206R102	278	8,837	SH		SOLE		0	0	8,837
ATLANTIC PWR CORP	COM	04878Q863	152	10,000	SH		SOLE		0	0	10,000
AUTOMATIC DATA PROCESSING INC	COM	053015103	7,567	143,645	SH		SOLE		0	0	143,645
BANCTRUST FINANCIAL GP COM	COM	05978R107	28	10,850	SH		SOLE		0	0	10,850
BANK OF AMER CORP	COM	060505104	1,603	146,251	SH		SOLE		0	0	146,251
BARCLAYS PLC ADR	COM	06738E204	299	18,175	SH		SOLE		0	0	18,175
BCE INC	COM	05534B760	226	5,741	SH		SOLE		0	0	5,741
BECTON DICKINSON & CO	COM	075887109	1,230	14,275	SH		SOLE		0	0	14,275
BERKSHIRE HATHAWAY INC CL B	COM	084670702	1,517	19,600	SH		SOLE		0	0	19,600
BOEING	COM	097023105	1,662	22,480	SH		SOLE		0	0	22,480
BP PRUDHOE BAY ROYALTY TRUST	COM	055630107	558	5,000	SH		SOLE		0	0	5,000
BRISTOL MYERS SQUIBB CO	COM	110122108	626	21,606	SH		SOLE		0	0	21,606
BUCKEYE PARTNERS LP	COM	118230101	471	7,300	SH		SOLE		0	0	7,300
CATERPILLAR INC	COM	149123101	5,839	54,844	SH		SOLE		0	0	54,844
CHEVRON CORP	COM	166764100	2,632	25,596	SH		SOLE		0	0	25,596
CHIMERA INVT CORP COM	COM	16934Q109	86	25,000	SH		SOLE		0	0	25,000
CINCINNATI FINANCIAL CORP	COM	172062101	5,270	180,610	SH		SOLE		0	0	180,610
CISCO SYSTEMS INC	COM	17275R102	163	10,437	SH		SOLE		0	0	10,437
COCA COLA CO	COM	191216100	652	9,695	SH		SOLE		0	0	9,695
COLGATE PALMOLIVE	COM	194162103	221	2,525	SH		SOLE		0	0	2,525
CONOCOPHILLIPS	COM	20825C104	235	3,131	SH		SOLE		0	0	3,131
CVS CORP	COM	126650100	1,231	32,756	SH		SOLE		0	0	32,756
DEERE & COMPANY	COM	244199105	254	3,080	SH		SOLE		0	0	3,080
DOMINION RES INC VA NEW	COM	25746U109	6,022	124,750	SH		SOLE		0	0	124,750
DUKE ENERGY CORP (HOLDING COMP	COM	26441C204	304	16,139	SH		SOLE		0	0	16,139
EATON CORP	COM	278058102	1,212	23,559	SH		SOLE		0	0	23,559
ECOLAB INC	COM	278865100	1,717	30,447	SH		SOLE		0	0	30,447
ELI LILLY & CO	COM	532457108	429	11,437	SH		SOLE		0	0	11,437
EMERSON ELEC	COM	291011104	8,342	148,311	SH		SOLE		0	0	148,311
ENERGY S&P SECTOR	COM	81369Y506	732	9,712	SH		SOLE		0	0	9,712
EXPEDITORS INTL WASH INC COM	COM	302130109	1,207	23,576	SH		SOLE		0	0	23,576
EXXON MOBIL CORP	COM	30231G102	10,377	127,510	SH		SOLE		0	0	127,510
FIRST FINANCIAL CORP-IND	COM	320218100	1,226	37,454	SH		SOLE		0	0	37,454
GENERAL ELECTRIC CO	COM	369604103	5,947	315,319	SH		SOLE		0	0	315,319
GLADSTONE CAPITAL CORP COM	COM	376535100	92	10,000	SH		SOLE		0	0	10,000
HEALTH CARE REIT INC	COM	42217K106	209	3,984	SH		SOLE		0	0	3,984
HEMIWEDGE INDUSTRIES INC- DELI	COM	42366T106	2	35,000	SH		SOLE		0	0	35,000
ILLINOIS TOOL WORKS INC	COM	452308109	9,240	163,569	SH		SOLE		0	0	163,569
INDUSTRIAL S&P SECTOR	COM	81369Y704	453	12,162	SH		SOLE		0	0	12,162
INTEGRA BANK CORPORATION	COM	45814P105	1	11,555	SH		SOLE		0	0	11,555
INTEL CORP	COM	458140100	212	9,550	SH		SOLE		0	0	9,550
INTERNATIONAL BUSINESS MACHINE	COM	459200101	10,983	64,023	SH		SOLE		0	0	64,023
ISHARES DJ SELECT DIVIDEND	COM	464287168	428	8,079	SH		SOLE		0	0	8,079
ISHARES S&P GLOBAL HLTHCARE	COM	464287325	234	4,018	SH		SOLE		0	0	4,018
ISHARES TR S&P SMALLCAP 600 GT	COM	464287887	2,193	27,274	SH		SOLE		0	0	27,274
ISHARES TRUST MSCI EAFE INDEX	COM	464287465	278	4,626	SH		SOLE		0	0	4,626
ISHARES TRUST S&P SMALLCAP 600	COM	464287804	284	3,873	SH		SOLE		0	0	3,873
JOHNSON & JOHNSON	COM	478160104	12,815	192,655	SH		SOLE		0	0	192,655
JOHNSON CONTROLS INC	COM	478366107	1,501	36,019	SH		SOLE		0	0	36,019
KINDER MORGAN ENERGY	COM	494550106	701	9,650	SH		SOLE		0	0	9,650
KINDER MORGAN MANAGEMENT LLC	COM	49455U100	10,394	158,465	SH		SOLE		0	0	158,465
LOWES COMPANIES INC	COM	548661107	1,332	57,145	SH		SOLE		0	0	57,145
MAG SILVER CORP COM	COM	55903Q104	105	10,500	SH		SOLE		0	0	10,500
MCDONALDS CORP	COM	580135101	8,787	104,215	SH		SOLE		0	0	104,215
MERCK & CO INC	COM	58933Y105	268	7,596	SH		SOLE		0	0	7,596
MICROSOFT CORP	COM	594918104	1,803	69,365	SH		SOLE		0	0	69,365
NESTLE S A REG ADR	COM	641069406	9,942	159,372	SH		SOLE		0	0	159,372
NEXTERA ENERGY INC COM	COM	65339F101	4,576	79,634	SH		SOLE		0	0	79,634
NIKE	COM	654106103	1,667	18,525	SH		SOLE		0	0	18,525
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	1,102	8,795	SH		SOLE		0	0	8,795
NUSTAR ENERGY LP UNIT	COM	67058H102	323	5,000	SH		SOLE		0	0	5,000
NUVEEN PREM INCOME MUN FD	COM	67062T100	159	12,000	SH		SOLE		0	0	12,000
OLD NATIONAL BANCORP-IND	COM	680033107	1,111	102,853	SH		SOLE		0	0	102,853
OMNICOM GROUP INC	COM	681919106	6,820	141,615	SH		SOLE		0	0	141,615
ONEOK INC	COM	682680103	11,110	150,117	SH		SOLE		0	0	150,117
PEPSICO INC	COM	713448108	564	8,010	SH		SOLE		0	0	8,010
PRAXAIR INC	COM	74005P104	1,710	15,772	SH		SOLE		0	0	15,772
PRICE T ROWE GROUP INC	COM	74144T108	1,515	25,116	SH		SOLE		0	0	25,116
PROCTER & GAMBLE	COM	742718109	9,181	144,418	SH		SOLE		0	0	144,418
PROGRESS ENERGY INC	COM	743263105	504	10,502	SH		SOLE		0	0	10,502
PROVIDENT ENERGY LTD NEW COM	COM	74386V100	93	10,358	SH		SOLE		0	0	10,358
REALTY INCOME CORP	COM	756109104	7,514	224,367	SH		SOLE		0	0	224,367
RESERVE YIELD PLUS FUND IN LIQ	COM	825250103	22	21,743	SH		SOLE		0	0	21,743
ROYAL BANK OF CANADA	COM	780087102	7,837	137,415	SH		SOLE		0	0	137,415
ROYAL DUTCH SHELL PLC-ADR A	COM	780259206	10,366	145,731	SH		SOLE		0	0	145,731
SCHLUMBERGER LTD	COM	806857108	1,742	20,165	SH		SOLE		0	0	20,165
SIEMENS AG-SPONS ADR	COM	826197501	7,795	56,678	SH		SOLE		0	0	56,678
SOUTHERN COMPANY	COM	842587107	6,432	159,284	SH		SOLE		0	0	159,284
STANLEY BLACK & DECKER INC	COM	854502101	6,866	95,300	SH		SOLE		0	0	95,300
TECHNOLOGY S&P SECTOR	COM	81369Y803	267	10,375	SH		SOLE		0	0	10,375
TEVA PHARMACEUTICAL ADR	COM	881624209	887	18,390	SH		SOLE		0	0	18,390
TJX COMPANIES INC	COM	872540109	1,705	32,450	SH		SOLE		0	0	32,450
TORONTO-DOMINION BANK	COM	891160509	200	2,356	SH		SOLE		0	0	2,356
TOYOTA MTR CORP ADR NEW	COM	892331307	5,816	70,564	SH		SOLE		0	0	70,564
TRANSCANADA CORP	COM	89353D107	217	4,956	SH		SOLE		0	0	4,956
UNITED TECH CP	COM	913017109	14,191	160,337	SH		SOLE		0	0	160,337
V F CORP	COM	918204108	8,473	78,044	SH		SOLE		0	0	78,044
VANGAURD FTSE ALL WORLD EX-U	COM	922042775	344	6,915	SH		SOLE		0	0	6,915
VECTREN CORP	COM	92240G101	2,367	84,960	SH		SOLE		0	0	84,960
WELLS FARGO & CO-NEW	COM	949746101	6,982	248,816	SH		SOLE		0	0	248,816
BLACKROCK EQUITY DIVD INST	MUFU	09251M504	201	10,727	SH		SOLE		0	0	10,727
DUPREE MUT FDS KY TAX-FR INCM	MUFU	266155100	206	27,058	SH		SOLE		0	0	27,058
FUNDAMENTAL INVESTORS-F	MUFU	360802409	224	5,795	SH		SOLE		0	0	5,795
GOLDMAN SACHS CAP GRW-A	MUFU	38141W638	374	16,874	SH		SOLE		0	0	16,874
MUTUAL SERIES SHARES FUND CL Z	MUFU	628380107	240	10,939	SH		SOLE		0	0	10,939
RUSSELL STRATEGIC BOND FUND CL	MUFU	782494454	321	29,329	SH		SOLE		0	0	29,329
VANGUARD 500 INDEX FUND-SIGN	MUFU	922908496	206	2,053	SH		SOLE		0	0	2,053