M. Kraus & Co 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
Estimated average burden
hours per response:		23.8

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 Company	COM	88579y101	440	2,675	SH		SOLE		0	0	2,675
AT&T Corp.	COM	001957505	211	6,271	SH		SOLE		0	0	6,271
AbbVie Inc.	COM	00287y109	4,494	68,680	SH		SOLE		0	0	68,680
Abbott Laboratories	COM	002824100	3,849	85,504	SH		SOLE		0	0	85,504
Amgen	COM	031162100	423	2,658	SH		SOLE		0	0	2,658
Apple Computer	COM	037833100	234	2,121	SH		SOLE		0	0	2,121
Berkshire Hathaway - B	COM	084670207	5,832	38,842	SH		SOLE		0	0	38,842
Berkshire Hathaway A, 100 shs	COM	084670108	678	300	SH		SOLE		0	0	300
Calpine Corp.	COM	131347304	3,220	145,509	SH		SOLE		0	0	145,509
Chevron Corp	COM	166764100	2,606	23,231	SH		SOLE		0	0	23,231
Church & Dwight Co.	COM	171340102	4,760	60,399	SH		SOLE		0	0	60,399
Cisco Systems Inc.	COM	17275R102	4,010	144,175	SH		SOLE		0	0	144,175
Coca-Cola	COM	191216100	370	8,767	SH		SOLE		0	0	8,767
ConocoPhillips	COM	20825c104	3,003	43,478	SH		SOLE		0	0	43,478
Devon Energy	COM	25179m103	1,883	30,766	SH		SOLE		0	0	30,766
Donaldson Company	COM	257651109	3,423	88,604	SH		SOLE		0	0	88,604
Duke Energy	COM	264399106	238	2,847	SH		SOLE		0	0	2,847
Ecolab Inc.	COM	278865100	3,607	34,510	SH		SOLE		0	0	34,510
Exxon Mobil	COM	30231G102	2,369	25,621	SH		SOLE		0	0	25,621
General Electric	COM	369604103	3,694	146,172	SH		SOLE		0	0	146,172
Harris Corp.	COM	413875105	3,618	50,372	SH		SOLE		0	0	50,372
IBM	COM	459200101	2,947	18,368	SH		SOLE		0	0	18,368
Illinois Tool Works	COM	452308109	4,528	47,812	SH		SOLE		0	0	47,812
J.P. Morgan Chase	COM	46625h100	234	3,738	SH		SOLE		0	0	3,738
Johnson & Johnson	COM	478160104	4,285	40,975	SH		SOLE		0	0	40,975
Kinder Morgan, Inc.	COM	49455p101	2,270	53,645	SH		SOLE		0	0	53,645
Kraft Foods Group	COM	50076q106	3,542	56,520	SH		SOLE		0	0	56,520
McDonald's Corp.	COM	580135101	269	2,868	SH		SOLE		0	0	2,868
Medtronic Inc	COM	585055163	2,713	37,581	SH		SOLE		0	0	37,581
Merck & Co.	COM	58933Y105	549	9,660	SH		SOLE		0	0	9,660
MetLife, Inc.	COM	59156r108	3,164	58,487	SH		SOLE		0	0	58,487
Microsoft Corp.	COM	594918104	4,671	100,554	SH		SOLE		0	0	100,554
Mondelez International	COM	609207105	3,627	99,860	SH		SOLE		0	0	99,860
NextEra Energy, Inc.	COM	65339f101	3,880	36,508	SH		SOLE		0	0	36,508
Norfolk Southern	COM	655844108	5,520	50,364	SH		SOLE		0	0	50,364
PepsiCo Inc.	COM	713448108	4,442	46,971	SH		SOLE		0	0	46,971
Pfizer, Inc.	COM	717081103	843	27,052	SH		SOLE		0	0	27,052
Phillips 66	COM	718546104	3,632	50,656	SH		SOLE		0	0	50,656
Procter & Gamble	COM	742718109	4,906	53,861	SH		SOLE		0	0	53,861
Rockwell Automation	COM	773903109	3,242	29,158	SH		SOLE		0	0	29,158
SABMiller plc ORD - London Sha	COM	g77395104	2,407	45,943	SH		SOLE		0	0	45,943
SPDR Gold Trust	COM	78463v107	1,030	9,066	SH		SOLE		0	0	9,066
Spectra Energy	COM	847560109	5,061	139,416	SH		SOLE		0	0	139,416
Thermo Fisher Scientific	COM	883556102	5,384	42,973	SH		SOLE		0	0	42,973
Time Warner Inc.	COM	887315109	4,541	53,157	SH		SOLE		0	0	53,157
United Technologies	COM	913017109	6,386	55,531	SH		SOLE		0	0	55,531
Vanguard Total Stock Market ET	ETF	922908769	596	5,622	SH		SOLE		0	0	5,622