Ferguson Wellman Capital 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

OMB APPROVAL

OMB Number:		3235-0006
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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
3M Company	COM	88579Y101	3,536	32,335	SH		SOLE		32,335	0	0
AT & T	COM	00206R102	24,334	687,406	SH		SOLE		687,406	0	0
AbbVie Inc	COM	00287Y109	22,415	542,209	SH		SOLE		542,209	0	0
Abbott Laboratories	COM	002824100	2,849	81,669	SH		SOLE		81,669	0	0
Accenture PLC Cl A	COM	G1151C101	462	6,423	SH		SOLE		6,423	0	0
Advanced Cell Technology Inc	COM	00752K105	1	16,300	SH		SOLE		16,300	0	0
Agco	COM	001084102	620	12,355	SH		SOLE		12,355	0	0
Air Products & Chemicals	COM	009158106	266	2,910	SH		SOLE		2,910	0	0
Albemarle	COM	012653101	256	4,115	SH		SOLE		4,115	0	0
Allergan Inc	COM	018490102	413	4,903	SH		SOLE		4,903	0	0
Alliance Data Systems	COM	018581108	20,394	112,658	SH		SOLE		112,658	0	0
Altria Group	COM	02209S103	1,250	35,716	SH		SOLE		35,716	0	0
Amazon.com	COM	023135106	207	746	SH		SOLE		746	0	0
Ameren	COM	023608102	17,412	505,584	SH		SOLE		505,584	0	0
American Express	COM	025816109	980	13,102	SH		SOLE		13,102	0	0
American Intl Group	COM	026874784	23,336	522,052	SH		SOLE		522,052	0	0
Ameriprise Financial	COM	03076C106	9,537	117,919	SH		SOLE		117,919	0	0
Amgen	COM	031162100	593	6,008	SH		SOLE		6,008	0	0
Anadarko Petroleum	COM	032511107	523	6,089	SH		SOLE		6,089	0	0
Analog Devices	COM	032654105	1,446	32,091	SH		SOLE		32,091	0	0
Apache	COM	037411105	253	3,023	SH		SOLE		3,023	0	0
Apple Inc	COM	037833100	3,029	7,638	SH		SOLE		7,638	0	0
Archer-Daniels Midland	COM	039483102	757	22,323	SH		SOLE		22,323	0	0
Automatic Data Processing	COM	053015103	208	3,017	SH		SOLE		3,017	0	0
BB&T Corporation	COM	054937107	215	6,340	SH		SOLE		6,340	0	0
Bank of New York Co	COM	064058100	773	27,542	SH		SOLE		27,542	0	0
Baxter International	COM	071813109	19,092	275,613	SH		SOLE		275,613	0	0
Beam	COM	073730103	372	5,890	SH		SOLE		5,890	0	0
Becton Dickinson & Co	COM	075887109	304	3,075	SH		SOLE		3,075	0	0
Berkshire Hathaway Class B	COM	084670702	4,386	39,189	SH		SOLE		39,189	0	0
Biogen Idec	COM	09062X103	9,213	42,810	SH		SOLE		42,810	0	0
Boeing	COM	097023105	11,592	113,159	SH		SOLE		113,159	0	0
Bristol-Myers Squibb	COM	110122108	3,646	81,583	SH		SOLE		81,583	0	0
CF Industries Holdings	COM	125269100	7,420	43,268	SH		SOLE		43,268	0	0
CVS/Caremark	COM	126650100	275	4,806	SH		SOLE		4,806	0	0
Capital One Financial	COM	14040H105	2,140	34,066	SH		SOLE		34,066	0	0
Cardinal Health	COM	14149Y108	24,269	514,184	SH		SOLE		514,184	0	0
Casey's General Stores	COM	147528103	808	13,424	SH		SOLE		13,424	0	0
Caterpillar	COM	149123101	4,025	48,796	SH		SOLE		48,796	0	0
Centurylink	COM	156700106	206	5,831	SH		SOLE		5,831	0	0
Chevron Corp	COM	166764100	44,243	373,861	SH		SOLE		373,861	0	0
Chubb Corp	COM	171232101	2,084	24,614	SH		SOLE		24,614	0	0
Cisco Systems	COM	17275R102	27,078	1,112,706	SH		SOLE		1,112,706	0	0
Citigroup	COM	172967424	27,775	579,005	SH		SOLE		579,005	0	0
Coca-Cola	COM	191216100	1,256	31,324	SH		SOLE		31,324	0	0
Colgate-Palmolive	COM	194162103	457	7,980	SH		SOLE		7,980	0	0
Comcast Cl A	COM	20030N101	699	16,743	SH		SOLE		16,743	0	0
Conagra Foods	COM	205887102	414	11,865	SH		SOLE		11,865	0	0
ConocoPhillips	COM	20825C104	23,254	384,370	SH		SOLE		384,370	0	0
Consolidated Edison	COM	209115104	598	10,250	SH		SOLE		10,250	0	0
Cooper Companies	COM	216648402	614	5,160	SH		SOLE		5,160	0	0
Corning	COM	219350105	205	14,400	SH		SOLE		14,400	0	0
Costco Wholesale Corp	COM	22160k105	2,963	26,801	SH		SOLE		26,801	0	0
DaVita HealthCare Partners	COM	23918K108	783	6,480	SH		SOLE		6,480	0	0
Deere & Company	COM	244199105	358	4,408	SH		SOLE		4,408	0	0
Devon Energy	COM	25179M103	350	6,737	SH		SOLE		6,737	0	0
Discover Financial Services	COM	254709108	12,220	256,505	SH		SOLE		256,505	0	0
Disney Walt	COM	254687106	1,206	19,094	SH		SOLE		19,094	0	0
Dominion Resources VA	COM	25746U109	318	5,600	SH		SOLE		5,600	0	0
Dow Chemical	COM	260543103	475	14,779	SH		SOLE		14,779	0	0
Dr. Pepper Snapple Group	COM	26138E109	587	12,790	SH		SOLE		12,790	0	0
Du Pont	COM	263534109	21,989	418,831	SH		SOLE		418,831	0	0
Duke Energy	COM	26441C204	663	9,816	SH		SOLE		9,816	0	0
Dun & Bradstreet	COM	26483E100	320	3,285	SH		SOLE		3,285	0	0
EMC Corp/Mass	COM	268648102	23,394	990,442	SH		SOLE		990,442	0	0
Eaton Corp PLC	COM	g29183103	15,518	235,805	SH		SOLE		235,805	0	0
Edwards Lifesciences CP	COM	28176E108	344	5,120	SH		SOLE		5,120	0	0
Eli Lilly	COM	532457108	2,190	44,581	SH		SOLE		44,581	0	0
Emerson Electric	COM	291011104	327	5,990	SH		SOLE		5,990	0	0
Energy Select Sector SPDR	COM	81369y506	755	9,638	SH		SOLE		9,638	0	0
Estee Lauder Companies -CL A	COM	518439104	224	3,400	SH		SOLE		3,400	0	0
Express Scripts Holding Compan	COM	30219G108	4,936	79,948	SH		SOLE		79,948	0	0
Extra Space Storage Inc.	COM	30225t102	13,324	317,771	SH		SOLE		317,771	0	0
Exxon Mobil	COM	30231G102	29,148	322,616	SH		SOLE		322,616	0	0
FMC	COM	302491303	974	15,950	SH		SOLE		15,950	0	0
Financial Select Sector SPDR	COM	81369y605	766	39,410	SH		SOLE		39,410	0	0
Fortune Brands Home & Security	COM	34964C106	228	5,890	SH		SOLE		5,890	0	0
Franklin Resources	COM	354613101	3,730	27,420	SH		SOLE		27,420	0	0
GNC Holdings Inc CL A	COM	36191G107	13,851	313,311	SH		SOLE		313,311	0	0
General Dynamics	COM	369550108	1,161	14,825	SH		SOLE		14,825	0	0
General Electric	COM	369604103	35,529	1,532,081	SH		SOLE		1,532,081	0	0
General Mills	COM	370334104	2,793	57,543	SH		SOLE		57,543	0	0
Gilead Sciences	COM	375558103	18,909	368,815	SH		SOLE		368,815	0	0
Google	COM	38259P508	16,621	18,879	SH		SOLE		18,879	0	0
Green Mountain Coffee Roasters	COM	393122106	6,442	85,645	SH		SOLE		85,645	0	0
Harley-Davidson	COM	412822108	988	18,014	SH		SOLE		18,014	0	0
Health Care Select Sector SPDR	COM	81369y209	590	12,383	SH		SOLE		12,383	0	0
Hecla Mining	COM	422704106	46	15,500	SH		SOLE		15,500	0	0
Hess	COM	42809H107	11,377	171,114	SH		SOLE		171,114	0	0
Hewlett-Packard	COM	428236103	256	10,307	SH		SOLE		10,307	0	0
Home Depot	COM	437076102	32,028	413,420	SH		SOLE		413,420	0	0
Honeywell International Inc	COM	438516106	922	11,620	SH		SOLE		11,620	0	0
Humana	COM	444859102	18,722	221,879	SH		SOLE		221,879	0	0
Huntington Bancshares Inc	COM	446150104	113	14,310	SH		SOLE		14,310	0	0
Idacorp Inc	COM	451107106	432	9,047	SH		SOLE		9,047	0	0
Industrial Select Sector SPDR	COM	81369Y704	660	15,484	SH		SOLE		15,484	0	0
Ingersoll Rand	COM	G47791101	5,073	91,375	SH		SOLE		91,375	0	0
Ingredion	COM	457187102	24,441	372,465	SH		SOLE		372,465	0	0
Intel	COM	458140100	4,863	200,709	SH		SOLE		200,709	0	0
International Business Machine	COM	459200101	7,833	40,985	SH		SOLE		40,985	0	0
Intuit	COM	461202103	28,514	467,133	SH		SOLE		467,133	0	0
Invesco LTD	COM	g491bt108	14,586	458,674	SH		SOLE		458,674	0	0
JPMorgan Chase and Company	COM	46625H100	20,065	380,082	SH		SOLE		380,082	0	0
Jarden	COM	471109108	16,355	373,823	SH		SOLE		373,823	0	0
Johnson & Johnson	COM	478160104	7,777	90,582	SH		SOLE		90,582	0	0
Kimberly Clark	COM	494368103	31,313	322,348	SH		SOLE		322,348	0	0
Kraft Foods Group, Inc.	COM	50076q106	259	4,628	SH		SOLE		4,628	0	0
L Brands	COM	501797104	433	8,802	SH		SOLE		8,802	0	0
Las Vegas Sands	COM	517834107	17,002	321,214	SH		SOLE		321,214	0	0
Lockheed Martin	COM	539830109	220	2,025	SH		SOLE		2,025	0	0
MDU Resources Group	COM	552690109	18,010	695,098	SH		SOLE		695,098	0	0
Magna International Cl A	COM	559222401	260	3,650	SH		SOLE		3,650	0	0
Magnum Hunter Resources Corp	COM	55973B102	251	68,750	SH		SOLE		68,750	0	0
Marathon Oil	COM	565849106	383	11,088	SH		SOLE		11,088	0	0
Marathon Petroleum	COM	56585A102	353	4,972	SH		SOLE		4,972	0	0
Marsh & McLennan	COM	571748102	333	8,350	SH		SOLE		8,350	0	0
Mastercard Cl A	COM	57636Q104	17,033	29,648	SH		SOLE		29,648	0	0
McDonalds	COM	580135101	16,526	166,930	SH		SOLE		166,930	0	0
Medtronic	COM	585055106	563	10,945	SH		SOLE		10,945	0	0
Merck	COM	58933Y105	27,382	589,503	SH		SOLE		589,503	0	0
MetLife	COM	59156R108	314	6,870	SH		SOLE		6,870	0	0
Microsoft	COM	594918104	4,327	125,245	SH		SOLE		125,245	0	0
Mondelez International	COM	609207105	347	12,177	SH		SOLE		12,177	0	0
Monsanto	COM	61166W101	1,108	11,212	SH		SOLE		11,212	0	0
Moody's Corporation	COM	615369105	537	8,820	SH		SOLE		8,820	0	0
Morgan Stanley	COM	617446448	402	16,451	SH		SOLE		16,451	0	0
Motorola Solutions	COM	620076307	323	5,603	SH		SOLE		5,603	0	0
NRG Energy Inc	COM	629377508	375	14,050	SH		SOLE		14,050	0	0
NV Energy	COM	67073Y106	12,451	530,731	SH		SOLE		530,731	0	0
Nanoviricides Inc	COM	630087104	70	100,000	SH		SOLE		100,000	0	0
National Oilwell Varco	COM	637071101	272	3,945	SH		SOLE		3,945	0	0
Nextera Energy Inc	COM	65339F101	2,585	31,726	SH		SOLE		31,726	0	0
Nike	COM	654106103	2,003	31,447	SH		SOLE		31,447	0	0
Noble Energy	COM	655044105	22,914	381,650	SH		SOLE		381,650	0	0
Nordstrom	COM	655664100	518	8,634	SH		SOLE		8,634	0	0
Norfolk Southern	COM	655844108	229	3,152	SH		SOLE		3,152	0	0
Occidental Petroleum	COM	674599105	448	5,025	SH		SOLE		5,025	0	0
Ocwen Financial Corp.	COM	675746309	208	5,050	SH		SOLE		5,050	0	0
Oracle Corporation	COM	68389X105	205	6,686	SH		SOLE		6,686	0	0
PNC Financial Services Group	COM	693475105	15,056	206,472	SH		SOLE		206,472	0	0
PPG Industries	COM	693506107	1,201	8,200	SH		SOLE		8,200	0	0
Pepsico	COM	713448108	1,466	17,926	SH		SOLE		17,926	0	0
Pfizer	COM	717081103	4,339	154,908	SH		SOLE		154,908	0	0
Philip Morris International In	COM	718172109	23,482	271,097	SH		SOLE		271,097	0	0
Phillips 66	COM	718546104	10,862	184,380	SH		SOLE		184,380	0	0
Plum Creek Timber Company	COM	729251108	358	7,675	SH		SOLE		7,675	0	0
Portland General Electric Co	COM	736508847	6,269	204,922	SH		SOLE		204,922	0	0
Praxair	COM	74005P104	734	6,378	SH		SOLE		6,378	0	0
Precision Castparts	COM	740189105	757	3,349	SH		SOLE		3,349	0	0
Primeenergy Corp	COM	74158E104	268	7,250	SH		SOLE		7,250	0	0
Procter And Gamble	COM	742718109	7,239	94,030	SH		SOLE		94,030	0	0
Public Svc Enterprise Group	COM	744573106	1,205	36,890	SH		SOLE		36,890	0	0
Qualcomm	COM	747525103	29,169	477,473	SH		SOLE		477,473	0	0
Quest Diagnostics	COM	74834L100	261	4,300	SH		SOLE		4,300	0	0
Raytheon	COM	755111507	834	12,619	SH		SOLE		12,619	0	0
Realogy Holdings Corp	COM	75605y106	12,274	255,495	SH		SOLE		255,495	0	0
Schlumberger	COM	806857108	1,867	26,048	SH		SOLE		26,048	0	0
StanCorp Financial Group	COM	852891100	200	4,052	SH		SOLE		4,052	0	0
Starbucks Coffee	COM	855244109	1,477	22,539	SH		SOLE		22,539	0	0
Superior Energy Services Inc	COM	868157108	22,004	848,270	SH		SOLE		848,270	0	0
Symantec Corp	COM	871503108	22,078	982,120	SH		SOLE		982,120	0	0
TJX Companies	COM	872540109	370	7,400	SH		SOLE		7,400	0	0
Target	COM	87612E106	16,821	244,281	SH		SOLE		244,281	0	0
Technology Select Sect SPDR	COM	81369y803	223	7,275	SH		SOLE		7,275	0	0
Teledyne Technologies Inc	COM	879360105	271	3,500	SH		SOLE		3,500	0	0
Texas Instruments	COM	882508104	2,832	81,267	SH		SOLE		81,267	0	0
Time Warner Companies	COM	887317303	31,957	552,703	SH		SOLE		552,703	0	0
Travelers Companies	COM	89417E109	12,094	151,324	SH		SOLE		151,324	0	0
US Bancorp	COM	902973304	3,950	109,272	SH		SOLE		109,272	0	0
Umpqua Holdings	COM	904214103	729	48,539	SH		SOLE		48,539	0	0
Union Pacific	COM	907818108	4,075	26,415	SH		SOLE		26,415	0	0
United Parcel Service CL B	COM	911312106	210	2,434	SH		SOLE		2,434	0	0
United Technologies	COM	913017109	27,224	292,924	SH		SOLE		292,924	0	0
Vantiv Inc	COM	92210h105	4,062	147,170	SH		SOLE		147,170	0	0
Verizon Communications	COM	92343V104	12,356	245,460	SH		SOLE		245,460	0	0
Visa Inc	COM	92826C839	434	2,373	SH		SOLE		2,373	0	0
Wal Mart Stores	COM	931142103	1,956	26,259	SH		SOLE		26,259	0	0
Walgreen	COM	931422109	243	5,508	SH		SOLE		5,508	0	0
Wells Fargo	COM	949746101	17,496	423,928	SH		SOLE		423,928	0	0
Weyerhaeuser	COM	962166104	212	7,429	SH		SOLE		7,429	0	0
Zimmer Holdings	COM	98956P102	367	4,902	SH		SOLE		4,902	0	0
iShares DJ US Financial Sector	COM	464287788	419	5,860	SH		SOLE		5,860	0	0
iShares DJ US Regional Bank	COM	464288778	241	8,250	SH		SOLE		8,250	0	0
SPDR S&P 500 ETF Trust	COM	78462F103	680	4,240	SH		SOLE		4,240	0	0
iShares Core S&P 500 ETF	COM	464287200	29,226	181,664	SH		SOLE		181,664	0	0
iShares DJ Select Dividend	COM	464287168	599	9,357	SH		SOLE		9,357	0	0
iShares Russell 1000 Index	COM	464287622	369	4,100	SH		SOLE		4,100	0	0
Franklin Cust Income Fund Clas	COM	353496300	53	23,321	SH		SOLE		23,321	0	0
Franklin Income Fund	COM	353496805	57	24,900	SH		SOLE		24,900	0	0
Jensen Quality Growth Fund J	COM	476313101	231	6,902	SH		SOLE		6,902	0	0
Templeton Income Fd - A	COM	88019r799	57	19,599	SH		SOLE		19,599	0	0
Vanguard 500 Index Fund	COM	922908496	206	1,683	SH		SOLE		1,683	0	0
Vanguard Dividend Growth	COM	921908604	202	10,640	SH		SOLE		10,640	0	0
Vanguard Index 500 Fund	COM	922908108	952	6,433	SH		SOLE		6,433	0	0
Vanguard LifeStrategy Growth F	COM	912909503	815	32,990	SH		SOLE		32,990	0	0
Du Pont Nemours Pfd Series B	COM	263534307	263	2,700	SH		SOLE		2,700	0	0
IShares S&P US Preferred Stock	COM	464288687	250	6,360	SH		SOLE		6,360	0	0
Kimco Realty Corp 6% Pfd Ser I	COM	49446R794	214	8,600	SH		SOLE		8,600	0	0
Met Life 6.500% Ser B	COM	59156R603	296	11,700	SH		SOLE		11,700	0	0
Crown Woods Real Estate Dev LP	COM	9983171s0	433	433,107	SH		SOLE		433,107	0	0