Oarsman Capital 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
Expires:	Oct 31, 2018
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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
AT&T Inc	COM	00206r102	1,461	41,461	SH		SOLE		40,496	0	965
AbbVie Inc.	COM	00287y109	1,441	24,944	SH		SOLE		22,700	0	2,244
Abbott Labs	COM	002824100	729	17,537	SH		SOLE		15,833	0	1,704
Accenture	COM	g1151c101	805	9,895	SH		SOLE		9,340	0	555
Air Products and Chemicals Inc	COM	009158106	242	1,856	SH		SOLE		1,030	0	826
Alliant Energy	COM	018802108	1,571	28,344	SH		SOLE		26,974	0	1,370
Altria Group	COM	02209s103	375	8,158	SH		SOLE		7,458	0	700
Amazon.com	COM	023135106	222	687	SH		SOLE		677	0	10
American Green Group, Inc.	COM	02639t200	0	50,000	SH		SOLE		50,000	0	0
Amgen	COM	031162100	1,118	7,958	SH		SOLE		7,513	0	445
Anadarko Petroleum	COM	032511107	665	6,556	SH		SOLE		5,616	0	940
Apache Corporation	COM	037411105	845	9,005	SH		SOLE		8,530	0	475
Apple Inc.	COM	037833100	2,850	28,284	SH		SOLE		27,265	0	1,019
Archer-Daniels-Midland Co.	COM	039483102	286	5,600	SH		SOLE		5,600	0	0
BHP Billiton Ltd ADR	COM	088606108	392	6,651	SH		SOLE		5,776	0	875
BP p.l.c.	COM	055622104	497	11,297	SH		SOLE		8,955	0	2,342
Bank of Montreal	COM	063671101	604	8,211	SH		SOLE		7,501	0	710
Berkshire Hathaway cl. A (1/10	COM	084990175	1,034	500	SH		SOLE		500	0	0
Berkshire Hathaway cl. B	COM	084670702	1,435	10,385	SH		SOLE		10,100	0	285
Brady Corp.	COM	104674106	248	11,033	SH		SOLE		11,033	0	0
Bristol-Myers Squibb	COM	110122108	226	4,425	SH		SOLE		4,425	0	0
Cambridge Heart	COM	131910101	0	25,000	SH		SOLE		25,000	0	0
Caterpillar Inc.	COM	149123101	645	6,515	SH		SOLE		6,150	0	365
Chevron Corp.	COM	166764100	1,778	14,897	SH		SOLE		13,850	0	1,047
Cisco Systems Inc.	COM	17275R102	808	32,093	SH		SOLE		30,543	0	1,550
Citigroup Inc.	COM	172967424	453	8,733	SH		SOLE		8,683	0	50
Coca-Cola Co.	COM	191216100	471	11,047	SH		SOLE		8,492	0	2,555
Colgate-Palmolive Co.	COM	194162103	1,506	23,094	SH		SOLE		20,854	0	2,240
Conoco Phillips	COM	20825C104	246	3,211	SH		SOLE		2,361	0	850
DNAPrint Genomics, Inc.	COM	23324q202	0	29,000	SH		SOLE		29,000	0	0
Deere & Co	COM	244199105	1,019	12,426	SH		SOLE		11,966	0	460
Dominion Resources Inc.	COM	25746U109	532	7,697	SH		SOLE		7,357	0	340
Dow Chemical Corp.	COM	260543103	728	13,885	SH		SOLE		13,885	0	0
Du Pont E.I. De Nemour & Co.	COM	263534109	1,136	15,833	SH		SOLE		15,403	0	430
Duff & Phelps Select Income Fu	COM	23325P104	552	54,563	SH		SOLE		51,563	0	3,000
Duke Energy	COM	26441C204	344	4,607	SH		SOLE		4,607	0	0
EMC Corp.	COM	268648102	314	10,745	SH		SOLE		10,390	0	355
Emerson Electric Co.	COM	291011104	880	14,055	SH		SOLE		12,355	0	1,700
Exxon-Mobil	COM	30231G102	1,117	11,876	SH		SOLE		11,576	0	300
Facebook Inc.	COM	30303m102	741	9,376	SH		SOLE		8,716	0	660
Fastenal Co.	COM	311900104	386	8,608	SH		SOLE		7,188	0	1,420
Fiserv Inc.	COM	337738108	2,151	33,286	SH		SOLE		32,086	0	1,200
General Dynamics	COM	369550108	465	3,660	SH		SOLE		3,135	0	525
General Electric Co.	COM	369604103	4,489	175,224	SH		SOLE		171,829	0	3,395
Genuine Parts	COM	372460105	925	10,542	SH		SOLE		9,662	0	880
Gilead Sciences	COM	375558103	2,076	19,502	SH		SOLE		18,962	0	540
Google Inc. Class A	COM	38259p508	1,127	1,916	SH		SOLE		1,511	0	405
Google Inc. Class C Non-Voting	COM	38259p706	1,281	2,218	SH		SOLE		1,710	0	508
Halliburton Co.	COM	406216101	587	9,105	SH		SOLE		9,105	0	0
Hard To Treat Diseases	COM	41164a103	0	100,000	SH		SOLE		100,000	0	0
Harley Davidson	COM	412822108	381	6,554	SH		SOLE		6,554	0	0
Home Depot Inc.	COM	437076102	221	2,405	SH		SOLE		2,405	0	0
Integrys Energy Group, Inc	COM	45822p105	345	5,324	SH		SOLE		4,224	0	1,100
Intel Corp.	COM	458140100	1,989	57,125	SH		SOLE		53,775	0	3,350
Intl Business Mach. Corp.	COM	459200101	1,738	9,158	SH		SOLE		8,568	0	590
J.P. Morgan Chase & Co.	COM	46625H100	934	15,505	SH		SOLE		14,552	0	953
Johnson & Johnson	COM	478160104	3,212	30,138	SH		SOLE		27,958	0	2,180
Johnson Controls	COM	478366107	1,480	33,637	SH		SOLE		31,257	0	2,380
Kimberly-Clark Corp.	COM	494368103	1,886	17,532	SH		SOLE		17,152	0	380
Kohl's Corp.	COM	500255104	1,563	25,618	SH		SOLE		24,423	0	1,195
MGE Energy	COM	55277p104	1,370	36,772	SH		SOLE		36,622	0	150
MGIC Investment Corp.	COM	552848103	629	80,512	SH		SOLE		79,187	0	1,325
McDonald's	COM	580135101	920	9,703	SH		SOLE		9,368	0	335
Medtronic Inc	COM	585055106	1,607	25,943	SH		SOLE		24,288	0	1,655
Microsoft Corp.	COM	594918104	2,356	50,824	SH		SOLE		48,419	0	2,405
Minnesota Mining & Manufacturi	COM	88579Y101	329	2,319	SH		SOLE		2,319	0	0
National HealthCare Logs	COM	63633Y108	0	200,000	SH		SOLE		200,000	0	0
Newmont Mining Corp	COM	651639106	220	9,531	SH		SOLE		9,281	0	250
Nordstrom Inc.	COM	655664100	543	7,941	SH		SOLE		7,196	0	745
Novartis AG	COM	66987v109	1,633	17,350	SH		SOLE		16,505	0	845
Occidental Petroleum	COM	674599105	684	7,115	SH		SOLE		7,115	0	0
Oracle Corp.	COM	68389X105	1,257	32,835	SH		SOLE		30,635	0	2,200
Oshkosh Corp	COM	688239201	276	6,250	SH		SOLE		6,250	0	0
Paychex	COM	704326107	531	12,023	SH		SOLE		11,903	0	120
Pepsico Inc.	COM	713448108	2,262	24,303	SH		SOLE		22,933	0	1,370
Pfizer Inc.	COM	717081103	1,529	51,700	SH		SOLE		50,445	0	1,255
Philip Morris International	COM	718172109	441	5,285	SH		SOLE		4,610	0	675
Praxair	COM	74005P104	827	6,412	SH		SOLE		5,967	0	445
Procter & Gamble Co.	COM	742718109	2,339	27,930	SH		SOLE		25,939	0	1,991
Prudential Financial, Inc.	COM	744320102	1,127	12,817	SH		SOLE		12,327	0	490
Qualcomm Inc.	COM	747525103	1,014	13,565	SH		SOLE		12,615	0	950
RPM Inc.	COM	749685103	2,644	57,762	SH		SOLE		54,522	0	3,240
Range Resources	COM	75281a109	964	14,210	SH		SOLE		11,910	0	2,300
Regal-Beloit Corp.	COM	758750103	676	10,515	SH		SOLE		9,635	0	880
Ridgestone Finl Svcs Inc	COM	76610v103	131	12,500	SH		SOLE		12,500	0	0
Rockwell Automation	COM	773903109	472	4,298	SH		SOLE		4,298	0	0
Schlumberger Ltd.	COM	806857108	1,071	10,535	SH		SOLE		9,460	0	1,075
Sensient Technologies	COM	81725T100	263	5,030	SH		SOLE		30	0	5,000
Stanley Black & Decker, Inc.	COM	854502101	740	8,339	SH		SOLE		8,104	0	235
Teva Pharmaceutical Ind.	COM	881624209	1,359	25,279	SH		SOLE		24,194	0	1,085
U.S. Bancorp	COM	902973304	703	16,809	SH		SOLE		15,799	0	1,010
United Technologies Corp.	COM	913017109	402	3,805	SH		SOLE		3,580	0	225
UnitedHealth Group Inc	COM	91324p102	462	5,356	SH		SOLE		5,316	0	40
VF Corp	COM	918204108	1,542	23,357	SH		SOLE		22,477	0	880
Valero Energy Corp	COM	91913y100	362	7,815	SH		SOLE		7,565	0	250
Verizon	COM	92343V104	1,277	25,537	SH		SOLE		23,902	0	1,635
Wal-Mart Stores Inc.	COM	931142103	717	9,380	SH		SOLE		9,230	0	150
Walgreen Company	COM	931422109	2,617	44,153	SH		SOLE		25,179	0	18,974
Walt Disney Productions	COM	254687106	518	5,821	SH		SOLE		5,821	0	0
Wells Fargo & Co.	COM	949746101	764	14,722	SH		SOLE		13,532	0	1,190
Wisconsin Energy Corp.	COM	976657106	1,106	25,726	SH		SOLE		25,726	0	0
YUM! Brands, Inc.	COM	988498101	250	3,480	SH		SOLE		3,340	0	140
Madison Covered Call&Equity St	ETF	557437100	1,043	124,156	SH		SOLE		114,406	0	9,750
MidCap SPDRs	ETF	78467y107	431	1,728	SH		SOLE		1,728	0	0
NASDAQ 100 Index Tracker	ETF	73935A104	235	2,383	SH		SOLE		2,383	0	0
S&P 500/Barra Growth (iShares)	ETF	464287309	225	2,104	SH		SOLE		1,544	0	560
S&P 500/Barra Value (iShares)	ETF	464287408	253	2,808	SH		SOLE		2,158	0	650
S&P Dep Receipts	ETF	78462f103	707	3,590	SH		SOLE		3,590	0	0
S&P High Yield Dividend Aristo	ETF	78464a763	266	3,554	SH		SOLE		3,554	0	0
SPDR Dow Jones Industrial Aver	ETF	78467x109	552	3,243	SH		SOLE		3,243	0	0
Schwab U.S. Large-Cap Growth E	ETF	808524300	227	4,621	SH		SOLE		4,481	0	140
Schwab US Dividend Equity ETF	ETF	808524797	283	7,334	SH		SOLE		7,149	0	185
Vanguard High Dividend Yield I	ETF	921946406	1,934	29,119	SH		SOLE		29,119	0	0
Vanguard Mega Cap 300 Growth I	ETF	921910816	2,379	30,587	SH		SOLE		30,587	0	0
Vanguard Mid Cap ETF	ETF	922908629	818	6,971	SH		SOLE		6,971	0	0
iShares DJ Transp Avg	ETF	464287192	250	1,655	SH		SOLE		1,655	0	0
S&P 600/Barra Growth Index (iS	SMLC	464287887	1,186	10,537	SH		SOLE		9,906	0	631
S&P 600/Barra Value Index (iSh	SMLC	464287879	1,165	10,854	SH		SOLE		10,409	0	445
Vanguard Small Cap ETF	SMLC	922908751	913	8,255	SH		SOLE		8,255	0	0
WisdomTree SmallCap Dividend E	SMLC	97717w604	352	5,421	SH		SOLE		5,421	0	0
China-H FTSE/Xinhua 25 Index (	INTL	464287184	466	12,168	SH		SOLE		10,733	0	1,435
Europe/Australia/Far-East Inde	INTL	464287465	621	9,678	SH		SOLE		8,164	0	1,514
Latin America Index (iShares)	INTL	464287390	275	7,460	SH		SOLE		6,770	0	690
MSCI Emerging Markets Index (i	INTL	464287234	593	14,270	SH		SOLE		12,890	0	1,380
MSCI Japan Index (iShares)	INTL	464286848	119	10,080	SH		SOLE		8,780	0	1,300
SPDR S&P International Dividen	INTL	78463X772	317	6,860	SH		SOLE		6,610	0	250
Vanguard Emerging Markets Stoc	INTL	922042858	1,201	28,800	SH		SOLE		28,700	0	100
Vanguard MSCI EAFE ETF	INTL	921943858	865	21,759	SH		SOLE		21,759	0	0
Wisdom Tree Japan Hedged Equit	INTL	97717W851	391	7,464	SH		SOLE		7,264	0	200
WisdomTree EAFE Dividend-Wgtd	INTL	97717w703	814	15,570	SH		SOLE		14,895	0	675
WisdomTree Emerg Mkts High-Yie	INTL	97717w315	430	8,993	SH		SOLE		8,648	0	345
iShares Dow Jones EPAC Select	INTL	464288448	679	18,972	SH		SOLE		18,277	0	695
iShares MSCI All Country Asia	INTL	464288182	471	7,677	SH		SOLE		7,000	0	677
iShares MSCI EAFE Small Cap In	INTL	464288273	215	4,426	SH		SOLE		4,426	0	0
Alliance Bernstein Income Fund	FIXD	01881e101	116	15,508	SH		SOLE		15,508	0	0
BlackRock Debt Strategies Fund	FIXD	09255r103	39	10,279	SH		SOLE		10,279	0	0
BlackRock Int. Duration Munici	FIXD	09253X102	1,157	79,990	SH		SOLE		76,060	0	3,930
BlackRock MuniAssets Fund	FIXD	09254j102	605	46,080	SH		SOLE		45,080	0	1,000
Calamos Convertible & High Inc	FIXD	12811p108	439	30,955	SH		SOLE		27,055	0	3,900
Eaton Vance Limited Duration I	FIXD	27828H105	563	38,585	SH		SOLE		34,985	0	3,600
Nuveen Insured Municipal Oppor	FIXD	670984103	168	11,795	SH		SOLE		11,795	0	0
Nuveen Municipal Value Fund In	FIXD	670928100	227	24,085	SH		SOLE		24,085	0	0
PIMCO 1-5 Year US TIPS Index E	FIXD	72201r205	500	9,515	SH		SOLE		9,515	0	0
PIMCO Build America Bond ETF	FIXD	72201r825	616	11,915	SH		SOLE		11,915	0	0
PIMCO Corporate Opportunity Fu	FIXD	72201b101	485	28,450	SH		SOLE		26,300	0	2,150
PIMCO Enhanced Short Maturity	FIXD	72201r833	391	3,855	SH		SOLE		3,480	0	375
Putnam Master Intrm Inc Tr	FIXD	746909100	67	13,302	SH		SOLE		13,302	0	0
SPDR Barclays Capital High Yie	FIXD	78464a417	586	14,581	SH		SOLE		14,581	0	0
SPDR Nuveen Barclays Cap Build	FIXD	78464a276	389	6,357	SH		SOLE		6,103	0	254
SPDR Nuveen S&P High Yield Mun	FIXD	78464A284	267	4,698	SH		SOLE		4,641	0	57
SPDR Short Term Municipal Bond	FIXD	78464a425	838	34,345	SH		SOLE		34,345	0	0
iShares 3-7 Year Treasury Bond	FIXD	464288661	772	6,365	SH		SOLE		6,365	0	0
iShares Barclays 1-3 Yr Credit	FIXD	464288646	234	2,222	SH		SOLE		2,192	0	30
iShares Barclays Aggregate Bon	FIXD	464287226	1,138	10,434	SH		SOLE		10,434	0	0
iShares Barclays TIPS Bond Fun	FIXD	464287176	822	7,337	SH		SOLE		7,302	0	35
iShares iBoxx Invest Grade Cor	FIXD	464287242	1,837	15,538	SH		SOLE		15,353	0	185
Gold Shares SPDR	CMDT	78463v107	576	4,955	SH		SOLE		4,645	0	310
iPath Dow Jones-AIG Commodity	CMDT	06738C778	557	16,201	SH		SOLE		16,201	0	0
iShares Gold Trust	CMDT	464285105	145	12,379	SH		SOLE		10,914	0	1,465
Claymore/Clear Global Timber I	REAL	18383q879	213	9,057	SH		SOLE		7,657	0	1,400
Cohen & Steers Global Realty M	REAL	00162q106	203	4,987	SH		SOLE		4,987	0	0
Mortgage REIT Index	REAL	464288539	185	15,693	SH		SOLE		15,243	0	450
SPDR Dow Jones Global Real Est	REAL	78463x749	690	15,564	SH		SOLE		15,564	0	0
iShares S&P Global Timber & Fo	REAL	464288174	208	4,225	SH		SOLE		3,725	0	500
Calamos Market Neutral Income	HEDG	128119203	689	52,679	SH		SOLE		52,679	0	0
DWS RREEF Global Infrastructur	HEDG	25156a809	383	25,009	SH		SOLE		24,794	0	215
Goldman Sachs Satellite Strate	HEDG	38143H357	395	48,360	SH		SOLE		47,422	0	938