Boltwood 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

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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
3M Corp	COM	88579y101	334	2,800	SH		SOLE		2,800	0	0
AT&T Inc.	COM	00206r102	562	16,630	SH		SOLE		16,630	0	0
AbbVie	COM	00287y109	416	9,300	SH		SOLE		9,300	0	0
Abbott Laboratories	COM	002824100	309	9,300	SH		SOLE		9,300	0	0
Alcoa	COM	013817101	5,777	711,500	SH		SOLE		711,500	0	0
Allstate Corp.	COM	020002101	1,484	29,348	SH		SOLE		29,348	0	0
American Express	COM	025816109	2,212	29,295	SH		SOLE		29,295	0	0
Amgen Inc.	COM	031162100	3,587	32,050	SH		SOLE		32,050	0	0
Apache Corp	COM	037411105	5,113	60,050	SH		SOLE		60,050	0	0
Apple Inc.	COM	037833100	405	850	SH		SOLE		850	0	0
Automatic Data Proc.	COM	053015103	456	6,300	SH		SOLE		6,300	0	0
Bank of NY Mellon	COM	064058100	10,632	352,155	SH		SOLE		352,155	0	0
BankAmerica	COM	060505104	176	12,747	SH		SOLE		12,747	0	0
Berkshire Hathaway B	COM	084670702	620	5,464	SH		SOLE		5,464	0	0
Boeing Co.	COM	097023105	1,451	12,349	SH		SOLE		12,349	0	0
Boston Properties	COM	101121101	214	2,000	SH		SOLE		2,000	0	0
Bristol-Myers Squibb	COM	110122108	4,720	101,980	SH		SOLE		101,980	0	0
Calpine Corp	COM	131347304	9,190	473,000	SH		SOLE		473,000	0	0
Caterpillar	COM	149123101	929	11,134	SH		SOLE		11,134	0	0
Charles Schwab	COM	808513105	8,578	405,775	SH		SOLE		405,775	0	0
Check Point Software	COM	M22465104	434	7,675	SH		SOLE		7,675	0	0
Chevron Corp	COM	166764100	9,867	81,206	SH		SOLE		81,206	0	0
Chubb	COM	171232101	272	3,048	SH		SOLE		3,048	0	0
Cisco Systems	COM	17275r102	6,919	295,308	SH		SOLE		295,308	0	0
Coca Cola	COM	191216100	1,600	42,233	SH		SOLE		42,233	0	0
Cons. Disc. Sector SPDR	COM	81369Y407	1,118	18,440	SH		SOLE		18,440	0	0
Consumer Staples Sector SPDR	COM	81369Y308	861	21,625	SH		SOLE		21,625	0	0
Covidien Ltd	COM	G2554F113	858	14,075	SH		SOLE		14,075	0	0
Danaher Corp	COM	235851102	1,599	23,065	SH		SOLE		23,065	0	0
Dick's Sporting Goods	COM	253393102	6,778	126,975	SH		SOLE		126,975	0	0
Dominion Resources	COM	25746u109	1,616	25,859	SH		SOLE		25,859	0	0
Du Pont	COM	263534109	1,554	26,533	SH		SOLE		26,533	0	0
Energy Select Sector SPDR	COM	81369Y506	377	4,550	SH		SOLE		4,550	0	0
Expeditors Int'l	COM	302130109	11,434	259,501	SH		SOLE		259,501	0	0
Exxon Mobil	COM	30231g102	3,584	41,655	SH		SOLE		41,655	0	0
Financial Sector SPDR	COM	81369Y605	388	19,480	SH		SOLE		19,480	0	0
General Electric	COM	369604103	10,213	427,509	SH		SOLE		427,509	0	0
General Mills Inc.	COM	370334104	489	10,205	SH		SOLE		10,205	0	0
Google Inc. A	COM	38259p508	13,475	15,384	SH		SOLE		15,384	0	0
Halliburton	COM	406216101	832	17,275	SH		SOLE		17,275	0	0
Hewlett Packard	COM	428236103	884	42,100	SH		SOLE		42,100	0	0
IBM	COM	459200101	776	4,192	SH		SOLE		4,192	0	0
Intel	COM	458140100	5,902	257,505	SH		SOLE		257,505	0	0
J.P. Morgan Chase	COM	46625h100	1,428	27,623	SH		SOLE		27,623	0	0
Johnson & Johnson	COM	478160104	4,470	51,562	SH		SOLE		51,562	0	0
Lowe's Cos.	COM	548661107	2,051	43,075	SH		SOLE		43,075	0	0
Martin Marietta Materials	COM	573284106	9,149	93,200	SH		SOLE		93,200	0	0
Materials Sector SPDR	COM	81369Y100	528	12,565	SH		SOLE		12,565	0	0
McDonald's	COM	580135101	1,464	15,213	SH		SOLE		15,213	0	0
Merck & Co.	COM	58933y105	13,984	293,716	SH		SOLE		293,716	0	0
Microsoft	COM	594918104	5,011	150,556	SH		SOLE		150,556	0	0
National Oilwell Varco	COM	637071101	830	10,625	SH		SOLE		10,625	0	0
Noble Corp.	COM	h5833n103	8,507	225,225	SH		SOLE		225,225	0	0
Oracle	COM	68389x105	872	26,291	SH		SOLE		26,291	0	0
PG&E Corporation	COM	69331c108	408	9,963	SH		SOLE		9,963	0	0
Pepsico	COM	713448108	1,292	16,250	SH		SOLE		16,250	0	0
Pfizer	COM	717081103	2,780	96,783	SH		SOLE		96,783	0	0
ProLogis Inc	COM	74340w103	17,764	472,200	SH		SOLE		472,200	0	0
Procter & Gamble	COM	742718109	14,253	188,557	SH		SOLE		188,557	0	0
Progressive Waste Solutions	COM	74339g101	5,030	195,500	SH		SOLE		195,500	0	0
Redwood Trust Inc.	COM	758075402	197	10,000	SH		SOLE		10,000	0	0
Robert Half Intl.	COM	770323103	5,764	147,675	SH		SOLE		147,675	0	0
Sysco Corp	COM	871829107	3,899	122,500	SH		SOLE		122,500	0	0
T. Rowe Price Group	COM	74144t108	259	3,600	SH		SOLE		3,600	0	0
Target	COM	87612e106	206	3,227	SH		SOLE		3,227	0	0
Technology Sector SPDR	COM	81369Y803	799	24,935	SH		SOLE		24,935	0	0
Teradata Corp	COM	88076w103	488	8,800	SH		SOLE		8,800	0	0
Teva Pharm Inds ADR	COM	881624209	587	15,543	SH		SOLE		15,543	0	0
U.S. Bancorp	COM	902973304	1,520	41,558	SH		SOLE		41,558	0	0
Union Pacific	COM	907818108	311	2,000	SH		SOLE		2,000	0	0
United Technologies	COM	913017109	1,650	15,300	SH		SOLE		15,300	0	0
Utilities Sector SPDR	COM	81369Y886	533	14,275	SH		SOLE		14,275	0	0
V.F. Corp.	COM	918204108	485	2,435	SH		SOLE		2,435	0	0
Vanguard Info Tech ETF	COM	92204a702	371	4,600	SH		SOLE		4,600	0	0
Vanguard REIT ETF	COM	922908553	427	6,452	SH		SOLE		6,452	0	0
Verizon Comm.	COM	92343v104	1,425	30,529	SH		SOLE		30,529	0	0
Vodafone Group	COM	92857w209	232	6,584	SH		SOLE		6,584	0	0
Wal-Mart Stores	COM	931142103	3,799	51,361	SH		SOLE		51,361	0	0
Walt Disney	COM	254687106	1,551	24,050	SH		SOLE		24,050	0	0
Wells Fargo & Co.	COM	949746101	12,637	305,830	SH		SOLE		305,830	0	0
Xerox	COM	984121103	533	51,840	SH		SOLE		51,840	0	0
iPath DJ-UBS Commodity Index	COM	06738c778	246	6,600	SH		SOLE		6,600	0	0
Vanguard FTSE All-World ex-US	COM	922042775	3,747	77,102	SH		SOLE		77,102	0	0
Vanguard Ttl Stk ETF	COM	922908769	354	4,035	SH		SOLE		4,035	0	0
iShares MSCI EAFE Fund	COM	464287465	765	11,990	SH		SOLE		11,990	0	0
iShares S&P Mid Cap 400	COM	464287507	2,312	18,621	SH		SOLE		18,621	0	0
iShares S&P Small Cap 600	COM	464287804	2,305	23,094	SH		SOLE		23,094	0	0