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	234	5,565	SH		SOLE		0	0	5,565
3M COMPANY	COM	88579Y101	562	4,705	SH		SOLE		0	0	4,705
ABBOTT LABS COM	COM	002824100	11,255	339,094	SH		SOLE		0	0	339,094
ABBVIE INC COM	COM	00287Y109	12,545	280,469	SH		SOLE		0	0	280,469
ACCENTURE PLC IRELAND SHS CLAS	COM	G1151C101	10,048	136,446	SH		SOLE		0	0	136,446
ADEX MINING INC COM	COM	006903207	0	14,000	SH		SOLE		0	0	14,000
AIR PRODUCTS & CHEMICALS	COM	009158106	12,894	120,990	SH		SOLE		0	0	120,990
ALTERNATE ENERGY HLDGS INC COM	COM	02147K105	0	10,000	SH		SOLE		0	0	10,000
AMERICAN EXPRESS COMPANY	COM	025816109	2,018	26,715	SH		SOLE		0	0	26,715
AMERISOURCEBERGEN CORP COM	COM	03073E105	3,024	49,500	SH		SOLE		0	0	49,500
APPLE COMPUTER	COM	037833100	588	1,234	SH		SOLE		0	0	1,234
AUTOMATIC DATA PROCESSING INC	COM	053015103	15,263	210,872	SH		SOLE		0	0	210,872
BANK OF AMER CORP	COM	060505104	653	47,306	SH		SOLE		0	0	47,306
BERKSHIRE HATHAWAY INC CL B	COM	084670702	501	4,411	SH		SOLE		0	0	4,411
BLACKROCK INC COM	COM	09247X101	16,213	59,910	SH		SOLE		0	0	59,910
BOEING	COM	097023105	270	2,300	SH		SOLE		0	0	2,300
BRISTOL MYERS SQUIBB CO	COM	110122108	552	11,932	SH		SOLE		0	0	11,932
CARDINAL HEALTH	COM	14149Y108	913	17,515	SH		SOLE		0	0	17,515
CHEVRON CORP	COM	166764100	13,481	110,954	SH		SOLE		0	0	110,954
CINCINNATI FINL CORP COM	COM	172062101	922	19,560	SH		SOLE		0	0	19,560
COCA COLA CO	COM	191216100	588	15,521	SH		SOLE		0	0	15,521
CONSUMER STAPLES S&P SECTOR	COM	81369Y308	279	7,005	SH		SOLE		0	0	7,005
CSX CORP	COM	126408103	13,619	529,082	SH		SOLE		0	0	529,082
CUMMINS INC	COM	231021106	2,010	15,125	SH		SOLE		0	0	15,125
CVS CORP	COM	126650100	2,697	47,528	SH		SOLE		0	0	47,528
DISNEY WALT CO	COM	254687106	2,775	43,027	SH		SOLE		0	0	43,027
DOMINION RES INC VA NEW COM	COM	25746U109	10,804	172,918	SH		SOLE		0	0	172,918
DUKE ENERGY CORP (HOLDING COMP	COM	26441C204	271	4,052	SH		SOLE		0	0	4,052
EATON CORP	COM	G29183103	2,410	35,006	SH		SOLE		0	0	35,006
ECOLAB INC	COM	278865100	3,693	37,390	SH		SOLE		0	0	37,390
ELI LILLY & CO	COM	532457108	315	6,254	SH		SOLE		0	0	6,254
EMERSON ELEC CO COM	COM	291011104	12,541	193,833	SH		SOLE		0	0	193,833
ENCANTO POTASH CORP COM	COM	29251N104	7	34,000	SH		SOLE		0	0	34,000
ENERGY S&P SECTOR	COM	81369Y506	215	2,598	SH		SOLE		0	0	2,598
EQUIFAX	COM	294429105	1,748	29,200	SH		SOLE		0	0	29,200
EXXON MOBIL CORP COM	COM	30231G102	2,848	33,103	SH		SOLE		0	0	33,103
FIRST FINANCIAL CORP-IND	COM	320218100	1,036	32,819	SH		SOLE		0	0	32,819
GALLAGHER ARTHUR J CO	COM	363576109	242	5,548	SH		SOLE		0	0	5,548
GALXOSMITHKLINE PLC - ADS	COM	37733W105	296	5,895	SH		SOLE		0	0	5,895
GENERAL ELECTRIC CO COM	COM	369604103	18,172	760,655	SH		SOLE		0	0	760,655
GOLDMAN SACHS GRP	COM	38141G104	2,219	14,025	SH		SOLE		0	0	14,025
GRID PETE CORP COM	COM	39808Q104	0	20,000	SH		SOLE		0	0	20,000
HEALTH CARE REIT INC COM	COM	42217K106	11,603	186,012	SH		SOLE		0	0	186,012
INDUSTRIAL S&P SECTOR	COM	81369Y704	211	4,539	SH		SOLE		0	0	4,539
INTEL CORP	COM	458140100	488	21,287	SH		SOLE		0	0	21,287
INTERNATIONAL BUSINESS MACHS C	COM	459200101	11,239	60,695	SH		SOLE		0	0	60,695
ISHARES DJ SELECT DIVIDEND	COM	464287168	1,067	16,082	SH		SOLE		0	0	16,082
ISHARES RUSSELL MIDCAP INDX	COM	464287499	204	1,470	SH		SOLE		0	0	1,470
ISHARES TR DJ REGIONAL BK	COM	464288778	9,776	327,824	SH		SOLE		0	0	327,824
ISHARES TR S&P SMALLCAP 600 GT	COM	464287887	4,276	39,458	SH		SOLE		0	0	39,458
ISHARES TRUST MSCI EAFE INDEX	COM	464287465	347	5,443	SH		SOLE		0	0	5,443
ISHARES TRUST S&P MIDCAP 400/B	COM	464287705	204	1,890	SH		SOLE		0	0	1,890
ISHARES TRUST S&P SMALLCAP 600	COM	464287804	457	4,578	SH		SOLE		0	0	4,578
ISHARES TRUST S&P SMALLCAP 600	COM	464287879	273	2,670	SH		SOLE		0	0	2,670
JOHNSON & JOHNSON COM	COM	478160104	17,442	201,195	SH		SOLE		0	0	201,195
JPMORGAN CHASE & CO	COM	46625H100	11,989	231,944	SH		SOLE		0	0	231,944
KIMBERLY-CLARK	COM	494368103	226	2,400	SH		SOLE		0	0	2,400
KINDER MORGAN ENERGY	COM	494550106	601	7,525	SH		SOLE		0	0	7,525
KINDER MORGAN MANAGEMENT LLC S	COM	49455U100	13,616	181,642	SH		SOLE		0	0	181,642
MAGELLAN PETE CORP COM	COM	559091301	53	52,000	SH		SOLE		0	0	52,000
MCDONALDS CORP COM	COM	580135101	13,689	142,282	SH		SOLE		0	0	142,282
MERCK & CO INC	COM	58933Y105	207	4,357	SH		SOLE		0	0	4,357
MICROSOFT CORP	COM	594918104	1,719	51,640	SH		SOLE		0	0	51,640
NEW YORK HEALTH CARE	COM	649487204	0	40,000	SH		SOLE		0	0	40,000
NEXTERA ENERGY INC COM	COM	65339F101	12,173	151,859	SH		SOLE		0	0	151,859
NIKE	COM	654106103	2,845	39,160	SH		SOLE		0	0	39,160
NOUVEAU LIFE	COM	66979K103	0	70,000	SH		SOLE		0	0	70,000
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	2,087	12,335	SH		SOLE		0	0	12,335
NUINSCO RES LTD COM	COM	670902402	2	80,690	SH		SOLE		0	0	80,690
OLD NATIONAL BANCORP-IND	COM	680033107	669	47,129	SH		SOLE		0	0	47,129
OMNICOM GROUP INC COM	COM	681919106	13,123	206,853	SH		SOLE		0	0	206,853
ONEOK INC NEW COM	COM	682680103	15,656	293,621	SH		SOLE		0	0	293,621
PEPSICO INC	COM	713448108	402	5,061	SH		SOLE		0	0	5,061
PFIZER INC	COM	717081103	419	14,591	SH		SOLE		0	0	14,591
PHILIP MORRIS INTL	COM	718172109	252	2,912	SH		SOLE		0	0	2,912
POLYMET MINING CORP COM	COM	731916102	32	40,000	SH		SOLE		0	0	40,000
POWER TECHNOLOGY INC COM	COM	73931C104	0	25,000	SH		SOLE		0	0	25,000
PRAXAIR INC	COM	74005P104	2,814	23,405	SH		SOLE		0	0	23,405
PRICE T ROWE GROUP INC	COM	74144T108	1,837	25,542	SH		SOLE		0	0	25,542
PROCTER & GAMBLE CO COM	COM	742718109	12,510	165,502	SH		SOLE		0	0	165,502
PRUDENTIAL FINANCIAL INC	COM	744320102	10,848	139,114	SH		SOLE		0	0	139,114
REALTY INCOME CORP COM	COM	756109104	6,769	170,286	SH		SOLE		0	0	170,286
S&P DIVIDEND ARISTOCRATS	COM	78464A763	326	4,734	SH		SOLE		0	0	4,734
SCHLUMBERGER LTD	COM	806857108	1,138	12,875	SH		SOLE		0	0	12,875
SELECT SECTOR SPDR TR SBI HEAL	COM	81369Y209	302	5,974	SH		SOLE		0	0	5,974
SEMPRA ENERGY	COM	816851109	219	2,562	SH		SOLE		0	0	2,562
SILVERADO GOLD MINES LTD COM N	COM	827906207	0	109,000	SH		SOLE		0	0	109,000
SOUTHERN CO COM	COM	842587107	914	22,192	SH		SOLE		0	0	22,192
SPDR DOW JONES INDL AVE ETF -	COM	78467X109	275	1,822	SH		SOLE		0	0	1,822
SPDR S&P MIDCAP 400 ETF TRUST	COM	78467Y107	324	1,432	SH		SOLE		0	0	1,432
STANLEY BLACK & DECKER INC COM	COM	854502101	12,709	140,320	SH		SOLE		0	0	140,320
TECHNOLOGY S&P SECTOR	COM	81369Y803	321	10,026	SH		SOLE		0	0	10,026
TJX COMPANIES INC	COM	872540109	2,987	52,973	SH		SOLE		0	0	52,973
TORONTO-DOMINION BANK	COM	891160509	607	6,751	SH		SOLE		0	0	6,751
TOYOTA MOTOR CORP SP ADR REP2C	COM	892331307	12,979	101,376	SH		SOLE		0	0	101,376
UNITED TECHNOLOGIES CORP COM	COM	913017109	22,398	207,740	SH		SOLE		0	0	207,740
V F CORP COM	COM	918204108	13,089	65,758	SH		SOLE		0	0	65,758
VANGAURD FTSE ALL WORLD EX-U	COM	922042775	233	4,791	SH		SOLE		0	0	4,791
VANGUARD SPECIALIZED PORTFOL D	COM	921908844	1,735	24,928	SH		SOLE		0	0	24,928
VECTREN CORP	COM	92240G101	1,502	45,030	SH		SOLE		0	0	45,030
VERIZON COMMUNICATIONS	COM	92343V104	8,569	183,588	SH		SOLE		0	0	183,588
VICTORY NICKEL INC COM	COM	92647F102	5	122,017	SH		SOLE		0	0	122,017
WELLS FARGO & CO NEW COM	COM	949746101	18,606	450,296	SH		SOLE		0	0	450,296
WILLIAMS COS INC DEL COM	COM	969457100	7,929	218,056	SH		SOLE		0	0	218,056
AMER BALANCED FD INC	MUFU	024071102	381	16,668	SH		SOLE		0	0	16,668
COMPOSITE TECH	MUFU	20461S108	0	51,400	SH		SOLE		0	0	51,400
FID VALUE	MUFU	316464106	378	3,951	SH		SOLE		0	0	3,951
FIDELITY CONTRAFUND	MUFU	316071109	382	4,099	SH		SOLE		0	0	4,099
FIDELITY INSTL INVS TR FREEDOM	MUFU	31617R308	338	28,759	SH		SOLE		0	0	28,759
FRANKLIN CUSTODIAN FDS INC	MUFU	353496805	66	28,293	SH		SOLE		0	0	28,293
FRANKLIN CUSTODIAN FDS INCOME	MUFU	353496300	245	105,128	SH		SOLE		0	0	105,128
JPMORGAN TR II HIGH YLD FD SEL	MUFU	4812C0803	86	10,700	SH		SOLE		0	0	10,700
SELECTED AMERICAN SHARES-D	MUFU	816221204	205	4,309	SH		SOLE		0	0	4,309
VANGUARD TX-MANAGED CAPITAL AP	MUFU	921943866	421	4,894	SH		SOLE		0	0	4,894