A. D. Beadell Investment Counsel 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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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
Abbott Laboratories	COM	002824100	1,703	41,630	SH		SOLE		4,600	0	37,030
Aberdeen Asia Pacific Income	COM	003009107	3,260	519,147	SH		SOLE		43,242	0	475,905
Aceto Corp	COM	004446100	377	20,775	SH		SOLE		1,200	0	19,575
AES Trust 6.75 of 29	COM	00808N202	1,030	19,860	SH		SOLE		200	0	19,660
AGL Resources	COM	001204106	593	10,771	SH		SOLE		2,500	0	8,271
Agrium Inc	COM	008916108	409	4,460	SH		SOLE		150	0	4,310
ALPS Alerian MLP ETF	COM	00162Q866	1,983	104,381	SH		SOLE		13,500	0	90,881
Apple Inc	COM	037833100	1,020	10,976	SH		SOLE		994	0	9,982
Ares Dynamic Credit	COM	04014F102	905	49,711	SH		SOLE		0	0	49,711
ASA Limited	COM	G3156P103	1,027	70,100	SH		SOLE		0	0	70,100
Atmos Energy Corp	COM	049560105	2,435	45,600	SH		SOLE		450	0	45,150
Babson Global Short Duration High Yield	COM	05617T100	1,573	64,400	SH		SOLE		6,150	0	58,250
Baxter International Inc	COM	071813109	1,715	23,720	SH		SOLE		175	0	23,545
Becton Dickinson & Co	COM	075887109	1,914	16,182	SH		SOLE		400	0	15,782
Blackrock MuniEnhanced Fund	COM	09253Y100	499	44,600	SH		SOLE		0	0	44,600
BP Plc Adr	COM	055622104	785	14,884	SH		SOLE		2,624	0	12,260
C R Bard Inc.	COM	067383109	338	2,365	SH		SOLE		0	0	2,365
Campbell Soup Company	COM	134429109	1,409	30,758	SH		SOLE		1,408	0	29,350
Centerpoint Energy Inc	COM	15189T107	830	32,501	SH		SOLE		2,026	0	30,475
ChevronTexaco Corp.	COM	166764100	2,666	20,420	SH		SOLE		1,631	0	18,789
Cisco Systems Inc	COM	17275R102	1,388	55,855	SH		SOLE		2,700	0	53,155
Clorox Company	COM	189054109	500	5,475	SH		SOLE		0	0	5,475
Coca Cola Company	COM	191216100	4,144	97,820	SH		SOLE		11,310	0	86,510
Coca Cola Ent New	COM	19122T109	389	8,150	SH		SOLE		150	0	8,000
Colgate-Palmolive Co	COM	194162103	1,017	14,920	SH		SOLE		0	0	14,920
Conagra Foods, Inc	COM	205887102	1,900	64,000	SH		SOLE		4,700	0	59,300
Covidien Plc	COM	G2554F113	483	5,355	SH		SOLE		200	0	5,155
Dominion Resources	COM	25746U109	429	6,000	SH		SOLE		0	0	6,000
Dow Chemical Company	COM	260543103	1,584	30,775	SH		SOLE		0	0	30,775
Duke Energy Corp	COM	26441C204	2,944	39,680	SH		SOLE		2,466	0	37,214
E M C Corp	COM	268648102	1,702	64,635	SH		SOLE		3,700	0	60,935
Ebay Inc.	COM	278642103	626	12,500	SH		SOLE		0	0	12,500
Ecolab Inc.	COM	278865100	490	4,400	SH		SOLE		0	0	4,400
Edwards Lifesciences	COM	28176E108	321	3,735	SH		SOLE		500	0	3,235
Enbridge Energy Mgmt	UT LTD PTNR	29250X103	240	6,803	SH		SOLE		0	0	6,803
Energy Income & Growth Fund	COM	33738G104	444	12,275	SH		SOLE		0	0	12,275
Enterprise Prd Prtnrs Lp	UT LTD PTNR	293792107	1,529	19,524	SH		SOLE		1,200	0	18,324
Exxon Mobil Corp	COM	30231G102	6,936	68,893	SH		SOLE		6,577	0	62,316
F&C Claymore Pfd Income Fd	COM	338478100	1,907	97,318	SH		SOLE		3,000	0	94,318
Fiduciary/Claymore MLP Fund	COM	31647Q106	1,753	60,946	SH		SOLE		350	0	60,596
FMC Corp	COM	302491303	271	3,805	SH		SOLE		200	0	3,605
General Electric Company	COM	369604103	595	22,650	SH		SOLE		950	0	21,700
General Motors Co.	COM	37045V100	937	25,800	SH		SOLE		0	0	25,800
GlaxoSmith Kline plc	COM	37733W105	594	11,115	SH		SOLE		395	0	10,720
Health Care REIT Inc	COM	42217K106	745	11,890	SH		SOLE		1,350	0	10,540
Health Care REIT pfd	COM	42217K601	1,770	30,655	SH		SOLE		2,785	0	27,870
Intel Corp.	COM	458140AD2	201	6,501	SH		SOLE		1	0	6,500
Int'l Flavors & Fragrances	COM	459506101	613	5,875	SH		SOLE		0	0	5,875
iShares Barclays 1-3 yr Bond	COM	464288646	3,444	32,585	SH		SOLE		0	0	32,585
iShares Barclays Intermed Credit	COM	464288638	1,962	17,805	SH		SOLE		0	0	17,805
iShares Emerging Markets Bond	COM	464288281	759	6,585	SH		SOLE		0	0	6,585
Johnson & Johnson	COM	478160104	4,145	39,619	SH		SOLE		1,187	0	38,432
Kellogg Company	COM	487836108	2,239	34,075	SH		SOLE		1,300	0	32,775
Lab Corp. of America	COM	50540R409	1,738	16,970	SH		SOLE		175	0	16,795
McDonald's Corp	COM	580135101	771	7,650	SH		SOLE		0	0	7,650
Merck & Co Inc	COM	58933Y105	667	11,530	SH		SOLE		0	0	11,530
Microsoft Corp	COM	594918104	2,047	49,100	SH		SOLE		900	0	48,200
Mondelez International	COM	609207105	2,975	79,090	SH		SOLE		2,900	0	76,190
Nextera Energy Inc	COM	65339F101	222	2,166	SH		SOLE		0	0	2,166
Nisource Inc	COM	65473P105	2,439	61,990	SH		SOLE		650	0	61,340
Northwest Natural Gas	COM	667655104	809	17,151	SH		SOLE		1	0	17,150
Occidental Petroleum	COM	674599105	421	4,100	SH		SOLE		265	0	3,835
Pembina Pipeline Corp	COM	706327103	5,325	123,828	SH		SOLE		5,304	0	118,524
Pepsico Inc	COM	713448108	3,640	40,740	SH		SOLE		1,050	0	39,690
Petroleum & Resources Corp	COM	716549100	1,023	32,811	SH		SOLE		1,000	0	31,811
Pimco 0-5 Yr High Yield Corp	COM	72201R783	460	4,300	SH		SOLE		100	0	4,200
Pinnacle Foods Inc	COM	72348P104	334	10,150	SH		SOLE		0	0	10,150
Pinnacle West Capital Cp	COM	723484101	367	6,350	SH		SOLE		0	0	6,350
Plains GP Hldgs L P	UT LTD PTNR	72651A108	829	25,900	SH		SOLE		2,000	0	23,900
Powershares Bank Loan ETF	COM	73936Q769	1,780	71,570	SH		SOLE		2,000	0	69,570
Procter & Gamble Co	COM	742718109	3,221	40,985	SH		SOLE		2,615	0	38,370
Rayonier Inc	COM	754907103	688	19,365	SH		SOLE		870	0	18,495
Realty Income Corp	COM	756109104	1,188	26,755	SH		SOLE		2,875	0	23,880
Royal Dutch Shell A Adr	COM	780259206	906	11,000	SH		SOLE		1,100	0	9,900
Royal Dutch Shell B Adr	COM	780259107	1,858	21,350	SH		SOLE		500	0	20,850
Schlumberger Ltd	COM	806857108	1,317	11,165	SH		SOLE		200	0	10,965
Southern Company	COM	842587107	822	18,120	SH		SOLE		1,807	0	16,313
Spectra Energy Corp	COM	847560109	1,335	31,425	SH		SOLE		1,225	0	30,200
Stericycle Inc	COM	858912108	758	6,400	SH		SOLE		500	0	5,900
Stryker Corp	COM	863667101	2,981	35,350	SH		SOLE		950	0	34,400
Sunoco Logistics Ptnr Lp	UT LTD PTNR	86764L108	330	7,000	SH		SOLE		0	0	7,000
Sysco Corporation	COM	871829107	1,519	40,550	SH		SOLE		500	0	40,050
Templeton Global Income Fund	COM	880198106	533	64,500	SH		SOLE		0	0	64,500
Tortoise MLP Fund Inc	COM	89148B101	269	9,001	SH		SOLE		1	0	9,000
Transcanada Corp	COM	89353D107	645	13,510	SH		SOLE		1,060	0	12,450
Transmontaigne Ptnrs Lp	UT LTD PTNR	89376V100	221	5,050	SH		SOLE		3,575	0	1,475
Unilever Group Plc Adr	COM	904767704	5,311	117,205	SH		SOLE		11,350	0	105,855
United Parcel Service B	COM	911312106	958	9,330	SH		SOLE		0	0	9,330
Vanguard REIT	COM	922908553	434	5,795	SH		SOLE		0	0	5,795
Vanguard Short Term Bond ETF	COM	921937827	329	4,100	SH		SOLE		0	0	4,100
Vanguard Short-Term Corp	COM	92206C409	540	6,725	SH		SOLE		75	0	6,650
Vectren Corp	COM	92240G101	208	4,897	SH		SOLE		0	0	4,897
Ventas Inc	COM	92276F100	739	11,530	SH		SOLE		1,050	0	10,480
Verizon Communications	COM	92343V104	696	14,220	SH		SOLE		250	0	13,970
W P Carey Inc	COM	92936U109	860	13,350	SH		SOLE		1,050	0	12,300
Walgreen Company	COM	931422109	1,351	18,220	SH		SOLE		400	0	17,820
Waste Management Inc	COM	94106L109	543	12,135	SH		SOLE		100	0	12,035
Western Asset Emerging Mkts	COM	95766A101	1,745	94,934	SH		SOLE		16,500	0	78,434
Xcel Energy Inc	COM	98389B100	981	30,444	SH		SOLE		0	0	30,444