Jolley Asset 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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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
21st Century Fox, Inc.	COM	90130a200	2,662	97,747	SH		SOLE		97,747	0	0
AVX Corp.	COM	002444107	2,877	236,967	SH		SOLE		236,967	0	0
AbbVie, Inc.	COM	00287y109	850	14,352	SH		SOLE		14,352	0	0
Abbott Laboratories	COM	002824100	1,029	22,919	SH		SOLE		22,919	0	0
Alphabet, Inc. Cl. A	COM	02079k305	4,631	5,952	SH		SOLE		5,952	0	0
Altria Group, Inc.	COM	022095103	58	1,000	SH		SOLE		1,000	0	0
Apache Corporation	COM	037411105	8	181	SH		SOLE		181	0	0
Apple, Inc.	COM	037833100	7	70	SH		SOLE		70	0	0
Applied Materials, Inc.	COM	038222105	3,344	179,137	SH		SOLE		179,137	0	0
Auto Data Processing	COM	053015103	61	725	SH		SOLE		725	0	0
BB&T Corporation	COM	054937107	11	300	SH		SOLE		300	0	0
BP PLC	COM	055622104	21	685	SH		SOLE		685	0	0
Bank of America Corp	COM	060505104	3,458	205,440	SH		SOLE		205,440	0	0
Barrick Gold Corp.	COM	067901108	4	500	SH		SOLE		500	0	0
Berkshire Hathaway B	COM	084670702	2,796	21,178	SH		SOLE		21,178	0	0
Blackrock Resources	COM	09257a108	640	90,000	SH		SOLE		90,000	0	0
Boeing Company	COM	097023105	2,977	20,588	SH		SOLE		20,588	0	0
Bristol-Myers Squibb	COM	110122108	59	862	SH		SOLE		862	0	0
CDK Global Inc.	COM	12508e101	11	241	SH		SOLE		241	0	0
Campbell Soup Co.	COM	134429109	13	250	SH		SOLE		250	0	0
Capital One Financial	COM	14040H105	42	575	SH		SOLE		575	0	0
Catalyst Biosciences, Inc.	COM	14888d109	0	71	SH		SOLE		71	0	0
Caterpillar, Inc.	COM	149123101	41	600	SH		SOLE		600	0	0
Chesapeake Energy	COM	165167107	1	125	SH		SOLE		125	0	0
Chevron Corp	COM	166764100	1,400	15,562	SH		SOLE		15,562	0	0
Cisco Systems, Inc.	COM	17275R102	3,561	131,144	SH		SOLE		131,144	0	0
Coca Cola Bottling Consolidate	COM	191098102	28	156	SH		SOLE		156	0	0
Coca-Cola Co.	COM	191216100	132	3,083	SH		SOLE		3,083	0	0
ConocoPhillips	COM	20825C104	2,175	46,578	SH		SOLE		46,578	0	0
Corning Inc	COM	219350105	2	100	SH		SOLE		100	0	0
Cummins, Inc.	COM	231021106	440	5,000	SH		SOLE		5,000	0	0
Deere & Company	COM	244199105	9	113	SH		SOLE		113	0	0
Duke Energy	COM	26441c204	50	701	SH		SOLE		701	0	0
EI duPont de Nemours	COM	263534109	2,864	43,005	SH		SOLE		43,005	0	0
EMC Corporation	COM	268648102	28	1,080	SH		SOLE		1,080	0	0
Edison International	COM	281020107	11	190	SH		SOLE		190	0	0
Eli Lilly & Company	COM	532457108	62	735	SH		SOLE		735	0	0
Emerson Electric Co.	COM	291011104	254	5,315	SH		SOLE		5,315	0	0
Express Scripts Holding Co.	COM	30219g108	28	317	SH		SOLE		317	0	0
Exxon-Mobil Corp	COM	30231g102	1,006	12,903	SH		SOLE		12,903	0	0
Freeport McMoRan Copper & Gold	COM	35671d857	1	100	SH		SOLE		100	0	0
General Electric Company	COM	369604103	4,226	135,659	SH		SOLE		135,659	0	0
General Mills Inc.	COM	370334104	55	955	SH		SOLE		955	0	0
Glaxo Smithkline ADS	COM	37733W105	2,961	73,376	SH		SOLE		73,376	0	0
Goldcorp, Inc	COM	380956409	6	500	SH		SOLE		500	0	0
Home Depot Inc	COM	437076102	64	481	SH		SOLE		481	0	0
Honeywell Int.	COM	438516106	18	175	SH		SOLE		175	0	0
Intel Corp	COM	458140100	64	1,848	SH		SOLE		1,848	0	0
International Business Machine	COM	459200101	3,051	22,172	SH		SOLE		22,172	0	0
JPMorgan Chase & Co.	COM	46625H100	3,951	59,834	SH		SOLE		59,834	0	0
Johnson & Johnson	COM	478160104	3,549	34,546	SH		SOLE		34,546	0	0
Joy Global, Inc.	COM	481165108	3	255	SH		SOLE		255	0	0
Kraft Heinz Company	COM	500754106	21	283	SH		SOLE		283	0	0
Kyocera Corp	COM	501556203	461	10,000	SH		SOLE		10,000	0	0
Lincoln National Corp	COM	534187109	6	110	SH		SOLE		110	0	0
Loews Corp.	COM	540424108	3,689	96,080	SH		SOLE		96,080	0	0
McDonald's Corp	COM	580135101	59	500	SH		SOLE		500	0	0
Medtronic PLC	COM	g5960l103	27	345	SH		SOLE		345	0	0
Merck & Co. Inc	COM	58933y105	1,376	26,041	SH		SOLE		26,041	0	0
MetLife, Inc.	COM	59156r108	3,246	67,323	SH		SOLE		67,323	0	0
Microsoft Corp.	COM	594918104	12	225	SH		SOLE		225	0	0
Mondelez Intl Inc.	COM	609207105	38	849	SH		SOLE		849	0	0
Mosaic Co.	COM	61945c103	2,457	89,067	SH		SOLE		89,067	0	0
Nat'l Oilwell Varco Inc.	COM	637071101	155	4,620	SH		SOLE		4,620	0	0
National Fuel Gas	COM	636180101	2,163	50,586	SH		SOLE		50,586	0	0
Nestle SA ADR	COM	641069406	891	11,972	SH		SOLE		11,972	0	0
Newmont Mining Corp	COM	651639106	4	202	SH		SOLE		202	0	0
Norfolk Southern Corp	COM	655844108	102	1,200	SH		SOLE		1,200	0	0
Novartis AG	COM	66987V109	3,148	36,586	SH		SOLE		36,586	0	0
Nucor Corp	COM	670346105	3,116	77,329	SH		SOLE		77,329	0	0
Old Republic Intl Corp	COM	680223104	4	212	SH		SOLE		212	0	0
Oracle Corp.	COM	68389x105	12	340	SH		SOLE		340	0	0
Pepsico Inc	COM	713448108	604	6,041	SH		SOLE		6,041	0	0
Pfizer Inc.	COM	717081103	3,807	117,952	SH		SOLE		117,952	0	0
Philip Morris Int'l Inc.	COM	718172109	51	579	SH		SOLE		579	0	0
Piedmont Nat'l Gas Co.	COM	720186105	38	660	SH		SOLE		660	0	0
ProShares UltraShort QQQ	COM	74348a426	594	20,000	SH		SOLE		20,000	0	0
Procter & Gamble	COM	742718109	151	1,896	SH		SOLE		1,896	0	0
Qualcomm, Inc.	COM	747525103	2,681	53,637	SH		SOLE		53,637	0	0
Reynolds American	COM	761713106	13	280	SH		SOLE		280	0	0
Roche Holdings Ltd	COM	771195104	811	23,528	SH		SOLE		23,528	0	0
Royal Bank of Canada	COM	780087102	113	2,100	SH		SOLE		2,100	0	0
Royal Dutch Shell A	COM	780259206	313	6,825	SH		SOLE		6,825	0	0
Royal Dutch Shell B	COM	780259107	301	6,533	SH		SOLE		6,533	0	0
SPDR Energy Sel Sector	COM	81369y506	12	200	SH		SOLE		200	0	0
SPDR S&P Pharmaceuticals	COM	78464a722	82	1,600	SH		SOLE		1,600	0	0
Sanofi-Aventis ADR	COM	80105n105	26	600	SH		SOLE		600	0	0
Schlumberger LTD	COM	806857108	2,517	36,085	SH		SOLE		36,085	0	0
Sirius Satellite Radio	COM	82967n108	19	4,600	SH		SOLE		4,600	0	0
Sprint Corp.	COM	85207u105	2	425	SH		SOLE		425	0	0
State Street Corp.	COM	857477103	3,178	47,884	SH		SOLE		47,884	0	0
Sysco Corporation	COM	871829107	5	115	SH		SOLE		115	0	0
Teva Pharmaceutical	COM	881624209	461	7,028	SH		SOLE		7,028	0	0
The GDL Fund	COM	361570104	68	6,820	SH		SOLE		6,820	0	0
The Southern Co	COM	842587107	5	100	SH		SOLE		100	0	0
Total S.A. France Adr	COM	89151e109	258	5,735	SH		SOLE		5,735	0	0
Ultra Short Russell 2000	COM	74348a319	4	100	SH		SOLE		100	0	0
UltraShort MidCap400	COM	74348a343	3	75	SH		SOLE		75	0	0
United Parcel Service, Inc.	COM	911312106	3,389	35,222	SH		SOLE		35,222	0	0
Vanguard Emerging Market	COM	922042858	461	14,105	SH		SOLE		14,105	0	0
Vanguard European ETF	COM	922042874	39	775	SH		SOLE		775	0	0
Vanguard FTSE ETF Developed Mk	COM	921943858	68	1,865	SH		SOLE		1,865	0	0
Vanguard S&P 500	COM	922908363	79	420	SH		SOLE		420	0	0
Vanguard Small-Cap	COM	922908751	64	580	SH		SOLE		580	0	0
Verizon Comm	COM	92343v104	9	200	SH		SOLE		200	0	0
Wal-Mart Stores, Inc.	COM	931142103	3,307	53,954	SH		SOLE		53,954	0	0
Walt Disney Co.	COM	254687106	32	300	SH		SOLE		300	0	0
Wells Fargo & Co	COM	949746101	33	600	SH		SOLE		600	0	0
WisdomTree Int'l Small Cap Div	COM	97717w760	216	3,710	SH		SOLE		3,710	0	0
Wynn Macau Limited	COM	98313r106	468	40,000	SH		SOLE		40,000	0	0
Wynn Resorts, Ltd.	COM	983134107	7	100	SH		SOLE		100	0	0
YUM! Brands, Inc.	COM	988498101	2,712	37,127	SH		SOLE		37,127	0	0
iShares MSCI EAFE Value	COM	464288877	290	6,230	SH		SOLE		6,230	0	0
iShares Rus 2000 Gr	COM	464287617	195	1,960	SH		SOLE		1,960	0	0
iShares Russell 2000 Value In	COM	464287630	257	2,795	SH		SOLE		2,795	0	0
iShr Russell 2000 Index	COM	464287655	91	805	SH		SOLE		805	0	0
iShr Russell Midcap Index	COM	464287499	60	375	SH		SOLE		375	0	0
iShs MSCI EAFE Fund	COM	464287465	669	11,388	SH		SOLE		11,388	0	0