Trust 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
ABERDEEN ASIA-PAC INCOME FD	FND	003009107	14,413	2,876,767	SH		SOLE		2,876,767	0	0
ABERDEEN AUSTRALIA EQUITY FD	FND	003011103	1,194	211,682	SH		SOLE		211,682	0	0
ALCOA INC	COM	013817101	93	10,000	SH		SOLE		10,000	0	0
AMERICAN INTERNATIONAL GROUP	COM	026874784	33	618	SH		SOLE		618	0	0
BP PLC-SPONS ADR DEPOSITORY RECEIPT	COM	055622104	109	3,066	SH		SOLE		3,066	0	0
BANK OF AMERICA CORP	COM	060505104	806	60,764	SH		SOLE		60,764	0	0
BUCKEYE PARTNERS LP	MLP	118230101	828	11,767	SH		SOLE		11,767	0	0
CENTURYTEL INC COMMON STOCK	COM	156700106	129	4,431	SH		SOLE		4,431	0	0
CITIGROUP INC COMMON STOCK	COM	172967424	363	8,561	SH		SOLE		8,561	0	0
CRESTWOOD EQUITY PARTNERS	MLP	226344208	65	3,214	SH		SOLE		3,214	0	0
EMC CORP/MASS	COM	268648102	284	10,449	SH		SOLE		10,449	0	0
FORD MOTOR CO C	COM	345370860	154	12,263	SH		SOLE		12,263	0	0
GENERAL ELECTRIC CO	COM	369604103	107	3,393	SH		SOLE		3,393	0	0
INTEL CORP	COM	458140100	278	8,484	SH		SOLE		8,484	0	0
ISHARES MSCI EMERGING MKT IN	ETF	464287234	14,881	433,105	SH		SOLE		433,105	0	0
ISHARES MSCI EAFE INDEX FUND	ETF	464287465	26,865	481,288	SH		SOLE		481,288	0	0
ISHARES IBOXX H/Y CORP BOND	ETF	464288513	1,553	18,341	SH		SOLE		18,341	0	0
IVY HIGH INCOME FUND-CL I	FND	466000122	1,926	269,355	SH		SOLE		269,355	0	0
ELI LILLY & CO COMMON STOCK	COM	532457108	223	2,828	SH		SOLE		2,828	0	0
MARTIN MIDSTREAM PARTNERS LP	MLP	573331105	1,795	77,714	SH		SOLE		77,714	0	0
MEMORIAL PRODUCTION PARTNERS	MLP	586048100	3,189	1,678,620	SH		SOLE		1,678,620	0	0
PENNANTPARK INVESTMENT CORP	COM	708062104	942	137,848	SH		SOLE		137,848	0	0
PLAINS ALL AMER PIPELINE LP	MLP	726503105	3,197	116,281	SH		SOLE		116,281	0	0
PUTNAM PREMIER INCOME TRUST	FND	746853100	776	165,204	SH		SOLE		165,204	0	0
SYMANTEC CORP	COM	871503108	1,235	60,117	SH		SOLE		60,117	0	0
TEMPLETON EMERG MKTS INC FD	FND	880192109	13,754	1,313,645	SH		SOLE		1,313,645	0	0
TIME INC	COM	887228104	1	50	SH		SOLE		50	0	0
UNISYS CORP	COM	909214306	0	32	SH		SOLE		32	0	0
WELLS FARGO & CO	COM	949746101	124	2,613	SH		SOLE		2,613	0	0
XEROX CORP	COM	984121103	197	20,792	SH		SOLE		20,792	0	0
TOTAL SA-SPON ADR	COM	89151E109	48	996	SH		SOLE		996	0	0
ALERIAN MLP ETF	FND	00162Q866	2,843	223,536	SH		SOLE		223,536	0	0
AMERICAN CAPITAL AGENCY CORP REIT	FND	02503X105	5	276	SH		SOLE		276	0	0
AMERICAN CAPITAL LTD	COM	02503Y103	49,655	3,136,737	SH		SOLE		3,136,737	0	0
ARCHROCK PARTNERS LP	COM	03957U100	109	8,030	SH		SOLE		8,030	0	0
BLACKROCK DEBT STRATEGIES FD	FND	09255R103	847	239,858	SH		SOLE		239,858	0	0
CISCO SYSTEMS INC	COM	17275R102	130	4,524	SH		SOLE		4,524	0	0
ENBRIDGE ENERGY PARTNERS LP	MLP	29250R106	2,084	89,817	SH		SOLE		89,817	0	0
ENERGY TRANSFER PARTNERS LP	MLP	29273R109	1,919	50,413	SH		SOLE		50,413	0	0
GENERAL MOTORS CO	COM	37045V100	34	1,218	SH		SOLE		1,218	0	0
GENERAL MOTORS-CW16 07/10/2016 WARRANT	*W EXP 07/10/201	37045V118	19	1,014	SH		SOLE		1,014	0	0
GENERAL MOTORS-CW19 07/10/2019 WARRANT	*W EXP 07/10/201	37045V126	11	1,014	SH		SOLE		1,014	0	0
HP INC	COM	40434L105	306	24,373	SH		SOLE		24,373	0	0
HEWLETT PACKARD ENTERPRIS	COM	42824C109	445	24,373	SH		SOLE		24,373	0	0
INVESCO DYNAMIC CREDIT OPP	FND	46132R104	965	87,597	SH		SOLE		87,597	0	0
PETROLEO BRASILEIRO S.A.	COM	71654V408	1,578	220,435	SH		SOLE		220,435	0	0
PIMCO DYNAMIC CREDIT INCOME	FND	72202D106	4,273	223,368	SH		SOLE		223,368	0	0
PROSHARES ULTRASHORT 20+Y TR - FIXED INCOME	ETF	74347B201	6,953	219,414	SH		SOLE		219,414	0	0
PRUDENTIAL GL SH DUR HI YLD	FND	74433A109	2,344	156,178	SH		SOLE		156,178	0	0
SPDR TRUST SERIES 1	ETF	78462F103	414	1,976	SH		SOLE		1,976	0	0
SPDR BARCLAYS CAPITAL HIGH	ETF	78464A417	1,006	28,188	SH		SOLE		28,188	0	0
SANDRIDGE PERMIAN TRUST	COM	80007A102	6,440	2,477,015	SH		SOLE		2,477,015	0	0
SANDRIDGE MISSISSIPPIAN	COM	80007V106	3,571	2,088,364	SH		SOLE		2,088,364	0	0
TC PIPELINES LP PARTNERSHIP	MLP	87233Q108	919	16,045	SH		SOLE		16,045	0	0
TENARIS SA-ADR DEPOSITORY	COM	88031M109	48	1,677	SH		SOLE		1,677	0	0
VANGUARD NATURAL RESOURCES	FND	92205F106	14	10,278	SH		SOLE		10,278	0	0
WMI HOLDINGS CORP COMMON STOCK	COM	92936P100	2	953	SH		SOLE		953	0	0
WELLS FARGO ADVANTAGE INCOME	FND	94987B105	30,676	3,882,981	SH		SOLE		3,882,981	0	0
WILLIAMS PARTNERS LP PARTNERSHIP	MLP	96949L105	3,053	88,142	SH		SOLE		88,142	0	0
CALL 100 ISHARES TR MSCI EMERGING MKTS ETF	CALL	99QAFKEBV	753	2,544	SH		SOLE		2,544	0	0
CALL 100 ISHARES TR MSCI EMERGING MKTS ETF	CALL	99QAFKEBW	399	1,697	SH		SOLE		1,697	0	0
CALL 100 ISHARES TR MSCI EAFE ETF EXP 12-16-	CALL	99QAHWJQF	5	157	SH		SOLE		157	0	0
CALL 100 PETROLEO BRASILEIRO SA PETROBRAS	CALL	99QAIG5KH	138	2,160	SH		SOLE		2,160	0	0
TEEKAY LNG PARTNERS LP PARTNERSHIP SHARES	MLP	Y8564M105	291	25,827	SH		SOLE		25,827	0	0
TEEKAY OFFSHORE PARTNERS LP	MLP	Y8565J101	210	35,343	SH		SOLE		35,343	0	0