Guardian Life Insurance Co Of America 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
ADT CORP	COM	00101J106	36	992	SH		SOLE		992	0	0
AFLAC INC	COM	001055102	157	2,577	SH		SOLE		2,577	0	0
AGL RESOURCES INC	COM	001204106	37	679	SH		SOLE		679	0	0
AES CORP	COM	00130H105	51	3,740	SH		SOLE		3,740	0	0
ANI PHARMACEUTICALS INC	NOTE	00182CAA1	8,405	8,000,000	PRN		SOLE		8,000,000	0	0
SBC COMMUNICATIONS INC	COM	00206R102	993	29,565	SH		SOLE		29,565	0	0
ABBOTT LABORATORIES	COM	002824100	386	8,582	SH		SOLE		8,582	0	0
ABBVIE INC	COM	00287Y109	594	9,081	SH		SOLE		9,081	0	0
ADOBE SYSTEMS INC	COM	00724F101	196	2,700	SH		SOLE		2,700	0	0
AETNA INC-NEW	COM	00817Y108	178	2,005	SH		SOLE		2,005	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	67	314	SH		SOLE		314	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	77	1,891	SH		SOLE		1,891	0	0
AIR LEASE CORP	NOTE	00912XAK0	888	650,000	PRN		SOLE		650,000	0	0
AIR PRODUCTS AND CHEMICALS INC	COM	009158106	157	1,091	SH		SOLE		1,091	0	0
AIRGAS INC	COM	009363102	43	374	SH		SOLE		374	0	0
AIRTRAN CORP	NOTE	00949PAD0	10,539	3,600,000	PRN		SOLE		3,600,000	0	0
AKAMAI TECHNOLOGIES	COM	00971T101	63	1,006	SH		SOLE		1,006	0	0
ALUMINUM COMPANY OF AMERICA	COM	013817101	106	6,719	SH		SOLE		6,719	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	208	1,125	SH		SOLE		1,125	0	0
ALLEGHENY TELEDYNE INC	COM	01741R102	21	618	SH		SOLE		618	0	0
ALLERGAN INC	COM	018490102	360	1,692	SH		SOLE		1,692	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	104	364	SH		SOLE		364	0	0
ALLSTATE CORP	COM	020002101	168	2,391	SH		SOLE		2,391	0	0
ALTERA CORP	COM	021441100	64	1,738	SH		SOLE		1,738	0	0
ALTRIA GROUP INC	COM	02209S103	555	11,266	SH		SOLE		11,266	0	0
AMAZONCOM INC	COM	023135106	672	2,164	SH		SOLE		2,164	0	0
AMEREN CORP	COM	023608102	64	1,380	SH		SOLE		1,380	0	0
AMERICAN ELECTRIC POWER CO INC	COM	025537101	169	2,779	SH		SOLE		2,779	0	0
AMERICAN EXPRESS	COM	025816109	472	5,072	SH		SOLE		5,072	0	0
AIG	COM	026874784	447	7,980	SH		SOLE		7,980	0	0
AMERICAN TOWER CORP	CL A	03027X100	223	2,251	SH		SOLE		2,251	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	107	1,185	SH		SOLE		1,185	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	139	1,052	SH		SOLE		1,052	0	0
AMETEK INC	COM	031100100	73	1,395	SH		SOLE		1,395	0	0
AMGEN INC	COM	031162100	691	4,335	SH		SOLE		4,335	0	0
AMPHENOL CORP	CL A	032095101	95	1,764	SH		SOLE		1,764	0	0
ANADARKO PETROLEUM CORP	COM	032511107	238	2,886	SH		SOLE		2,886	0	0
ANALOG DEVICES INC	COM	032654105	98	1,774	SH		SOLE		1,774	0	0
WELLPOINT INC	COM	036752103	193	1,539	SH		SOLE		1,539	0	0
APACHE CORP	COM	037411105	134	2,146	SH		SOLE		2,146	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	31	824	SH		SOLE		824	0	0
APPLE COMPUTER INC	COM	037833100	3,690	33,429	SH		SOLE		33,429	0	0
APPLIED MATERIALS INC	COM	038222105	173	6,944	SH		SOLE		6,944	0	0
ARCHER DANIELS	COM	039483102	191	3,672	SH		SOLE		3,672	0	0
ARDELYX INC	COM	039697107	81	4,266	SH		SOLE		4,266	0	0
ARES CAPITAL CORP	NOTE	04010LAB9	15,769	15,300,000	PRN		SOLE		15,300,000	0	0
ASSURANT INC	COM	04621X108	28	410	SH		SOLE		410	0	0
AUTODESK INC	COM	052769106	78	1,296	SH		SOLE		1,296	0	0
AUTOMATIC DATA PROCESSING	COM	053015103	229	2,747	SH		SOLE		2,747	0	0
AUTONATION INC	COM	05329W102	26	426	SH		SOLE		426	0	0
AUTOZONE INC	COM	053332102	113	183	SH		SOLE		183	0	0
AVALON BAY COMMUNITIES	COM	053484101	122	746	SH		SOLE		746	0	0
AVERY-DENNISON CORP	COM	053611109	27	520	SH		SOLE		520	0	0
AVON PRODUCTS	COM	054303102	23	2,471	SH		SOLE		2,471	0	0
BB&T CORPORATION	COM	054937107	160	4,105	SH		SOLE		4,105	0	0
BAKER HUGHES	COM	057224107	138	2,467	SH		SOLE		2,467	0	0
BALL CORP	COM	058498106	54	788	SH		SOLE		788	0	0
BANK OF AMERICA CORP	COM	060505104	1,072	59,942	SH		SOLE		59,942	0	0
BANK OF NEW YORK MELLON CORP	COM	064058100	260	6,417	SH		SOLE		6,417	0	0
BARD (CR)INC	COM	067383109	71	425	SH		SOLE		425	0	0
BAXTER INTERNATIONAL INC	COM	071813109	226	3,081	SH		SOLE		3,081	0	0
BECTON DICKINSON & CO	COM	075887109	153	1,096	SH		SOLE		1,096	0	0
BED BATH & BEYOND INC	COM	075896100	80	1,054	SH		SOLE		1,054	0	0
BERKSHIRE HATHAWAY-CAL	COM	084670702	1,561	10,393	SH		SOLE		10,393	0	0
BEST BUY COMPANY INC	COM	086516101	64	1,650	SH		SOLE		1,650	0	0
BIOMARIN PHARMACEUTICAL INC	NOTE	09061GAF8	9,805	8,000,000	PRN		SOLE		8,000,000	0	0
CSR LTD	COM	09062X103	458	1,349	SH		SOLE		1,349	0	0
BLACKROCK INC	COM	09247X101	260	726	SH		SOLE		726	0	0
BLOCK H & R INC	COM	093671105	53	1,560	SH		SOLE		1,560	0	0
BLUEKNIGHT ENERGY PARTNERS L	COM	09625U109	87	13,099	SH		SOLE		13,099	0	0
BOEING CORP	COM	097023105	491	3,780	SH		SOLE		3,780	0	0
BORG-WARNER AUTOMOTIVE INC	COM	099724106	71	1,300	SH		SOLE		1,300	0	0
BOSTON PROPERTIES INC	COM	101121101	112	870	SH		SOLE		870	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	100	7,560	SH		SOLE		7,560	0	0
BOTTOMLINE TECH DEL	NOTE	101388AA4	10,070	9,500,000	PRN		SOLE		9,500,000	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	558	9,454	SH		SOLE		9,454	0	0
BRISTOW GROUP INC	NOTE	110394AC7	10,504	10,100,000	PRN		SOLE		10,100,000	0	0
BROADCOM CORP	CL A	111320107	133	3,070	SH		SOLE		3,070	0	0
BROOKDALE SENIOR LIVING INC	NOTE	112463AA2	9,397	6,900,000	PRN		SOLE		6,900,000	0	0
BROWN-FORMAN	COM	115637209	79	899	SH		SOLE		899	0	0
CBS CORP	COM	124857202	150	2,718	SH		SOLE		2,718	0	0
CB RICHARD ELLIS GROUP	COM	12504L109	54	1,586	SH		SOLE		1,586	0	0
CF INDUSTRIES HOLDINGS INC	COM	125269100	77	283	SH		SOLE		283	0	0
C H Robinson Worldwide Inc	COM	12541W209	63	837	SH		SOLE		837	0	0
CIGNA CORP	COM	125509109	153	1,491	SH		SOLE		1,491	0	0
CHICAGO MERCANTILE EXCHANGE	COM	12572Q105	159	1,795	SH		SOLE		1,795	0	0
CMS ENERGY CORP	COM	125896100	54	1,563	SH		SOLE		1,563	0	0
CSX TRANSPORTATION INC	COM	126408103	206	5,674	SH		SOLE		5,674	0	0
CVS CAREMARK CORP	COM	126650100	629	6,535	SH		SOLE		6,535	0	0
CA INC	COM	12673P105	56	1,825	SH		SOLE		1,825	0	0
CABLEVISION SYSTEMS NY GRP	CL A	12686C109	26	1,247	SH		SOLE		1,247	0	0
CABOT OIL & GAS CORP	CL A	127097103	70	2,355	SH		SOLE		2,355	0	0
CAMERON INTERNATIONAL CORP	COM	13342B105	56	1,126	SH		SOLE		1,126	0	0
CAMPBELL SOUP CO	COM	134429109	45	1,017	SH		SOLE		1,017	0	0
CAPITAL ONE FINANCIAL CORP	COM	14040H105	262	3,169	SH		SOLE		3,169	0	0
CARDINAL HEALTH INC	COM	14149Y108	152	1,887	SH		SOLE		1,887	0	0
CAREFUSION CORP	COM	14170T101	68	1,154	SH		SOLE		1,154	0	0
CARMAX INC	COM	143130102	82	1,228	SH		SOLE		1,228	0	0
CARNIVAL CORP	CL A	143658300	116	2,561	SH		SOLE		2,561	0	0
CATERPILLAR INC	COM	149123101	316	3,451	SH		SOLE		3,451	0	0
CELGENE CORP	COM	151020104	509	4,547	SH		SOLE		4,547	0	0
TIME WARNER	COM	15189T107	57	2,444	SH		SOLE		2,444	0	0
CENTURYLINK INC	COM	156700106	128	3,243	SH		SOLE		3,243	0	0
CERNER CORP	COM	156782104	112	1,726	SH		SOLE		1,726	0	0
CHART INDUSTRIES INC	NOTE	16115QAC4	8,803	9,200,000	PRN		SOLE		9,200,000	0	0
CHESAPEAKE ENERGY	COM	165167107	58	2,953	SH		SOLE		2,953	0	0
CHESAPEAKE ENERGY	NOTE	165167BW6	10,387	10,400,000	PRN		SOLE		10,400,000	0	0
CHEVRON CORP	COM	166764100	1,209	10,776	SH		SOLE		10,776	0	0
CHIPOTLE MEXICAN GRILL	CL A	169656105	120	175	SH		SOLE		175	0	0
CHUBB CORP	COM	171232101	139	1,345	SH		SOLE		1,345	0	0
CIMAREX ENERGY CO	COM	171798101	52	495	SH		SOLE		495	0	0
CINCINNATI FINANCIAL CORP	COM	172062101	43	832	SH		SOLE		832	0	0
CISCO SYSTEMS INC	COM	17275R102	811	29,146	SH		SOLE		29,146	0	0
CINTAS CORP	COM	172908105	43	550	SH		SOLE		550	0	0
TRAVELERS INC CON	COM	172967424	934	17,267	SH		SOLE		17,267	0	0
CITRIX SYSTEMS INC	COM	177376100	59	918	SH		SOLE		918	0	0
CLOROX COMPANY	COM	189054109	77	737	SH		SOLE		737	0	0
COACH INC	COM	189754104	59	1,570	SH		SOLE		1,570	0	0
COCA COLA CO	COM	191216100	949	22,469	SH		SOLE		22,469	0	0
COCA COLA ENTERPRISES	COM	19122T109	56	1,268	SH		SOLE		1,268	0	0
COGNIZANT TECH SOLUTIONS	COM	192446102	182	3,461	SH		SOLE		3,461	0	0
COLGATE PALMOLIVE	COM	194162103	338	4,884	SH		SOLE		4,884	0	0
COMCAST CORP	COM	20030N101	852	14,685	SH		SOLE		14,685	0	0
COMERICA INC	COM	200340107	48	1,030	SH		SOLE		1,030	0	0
COMPTON PETROLEUM FINANCE CORP	COM	205363104	51	801	SH		SOLE		801	0	0
CONAGRA INC	COM	205887102	88	2,421	SH		SOLE		2,421	0	0
PHILLIPS PETROLEUM	COM	20825C104	485	7,016	SH		SOLE		7,016	0	0
CONSOL ENERGY INC	COM	20854P109	44	1,308	SH		SOLE		1,308	0	0
CONSOLIDATED EDISON INC	COM	209115104	110	1,666	SH		SOLE		1,666	0	0
CONSTELLATION BRANDS INC	COM	21036P108	94	960	SH		SOLE		960	0	0
CORNING INC	COM	219350105	168	7,307	SH		SOLE		7,307	0	0
COSTCO COMPANIES INC	COM	22160K105	354	2,494	SH		SOLE		2,494	0	0
CROWN CASTLE INTL CORP	COM	22822V101	149	1,899	SH		SOLE		1,899	0	0
CUMMINS ENGINE CO	COM	231021106	140	973	SH		SOLE		973	0	0
DR HORTON	COM	23331A109	48	1,886	SH		SOLE		1,886	0	0
DETROIT EDISON CO	COM	233331107	87	1,007	SH		SOLE		1,007	0	0
DANAHER CORP	COM	235851102	299	3,484	SH		SOLE		3,484	0	0
DARDEN RESTAURANTS INC	COM	237194105	44	750	SH		SOLE		750	0	0
DAVITA INC	COM	23918K108	74	978	SH		SOLE		978	0	0
DEALERTRACK HOLDINGS INC	NOTE	242309AB8	12,450	9,600,000	PRN		SOLE		9,600,000	0	0
DEERE & CO	COM	244199105	180	2,039	SH		SOLE		2,039	0	0
DELTA AIR LINES INC	COM	247361702	235	4,771	SH		SOLE		4,771	0	0
DENBURY RESOURCES INC	COM	247916208	16	2,001	SH		SOLE		2,001	0	0
DENTSPLY INTERNATIONAL INC	COM	249030107	43	803	SH		SOLE		803	0	0
DEPOMED INC	NOTE	249908AA2	8,635	8,000,000	PRN		SOLE		8,000,000	0	0
DEVON ENERGY CORP	COM	25179M103	134	2,187	SH		SOLE		2,187	0	0
DIAMOND OFFSHORE DRILLING	COM	25271C102	14	383	SH		SOLE		383	0	0
DISNEY WALT PRODUCTIONS	COM	254687106	838	8,893	SH		SOLE		8,893	0	0
DISCOVER FINANCIAL SERVICES	COM	254709108	169	2,585	SH		SOLE		2,585	0	0
DISCOVERY COMMUNICATIONS	COM SER A	25470F104	29	842	SH		SOLE		842	0	0
DISCOVERY COMMUNICATIONS	COM SER C	25470F302	52	1,554	SH		SOLE		1,554	0	0
DIRECTVHOLDINGS /FINANCE	COM	25490A309	248	2,856	SH		SOLE		2,856	0	0
DOLLAR GENERAL	COM	256677105	122	1,725	SH		SOLE		1,725	0	0
DOLLAR TREE INC	COM	256746108	83	1,175	SH		SOLE		1,175	0	0
DOMINION RESOURCES INC	COM	25746U109	256	3,328	SH		SOLE		3,328	0	0
DOMINION RESOURCES INC	UNIT 99/99/9999	25746U869	15,039	285,000	SH		SOLE		285,000	0	0
DOVER CORP	COM	260003108	68	948	SH		SOLE		948	0	0
DOW CHEMICAL	COM	260543103	288	6,315	SH		SOLE		6,315	0	0
CADBURY SCHWEPPES FINANCIAL MGMT	COM	26138E109	80	1,110	SH		SOLE		1,110	0	0
DU PONT (EI) DE NEMOURS	COM	263534109	382	5,164	SH		SOLE		5,164	0	0
DUKE POWER	COM	26441C204	336	4,023	SH		SOLE		4,023	0	0
DUN & BRADSTREET CORP	COM	26483E100	25	207	SH		SOLE		207	0	0
EMC CORP/MASS	COM	268648102	345	11,598	SH		SOLE		11,598	0	0
EOG RESOURCES INC	COM	26875P101	288	3,123	SH		SOLE		3,123	0	0
EQUITABLE RESOURCES	COM	26884L109	65	863	SH		SOLE		863	0	0
ETFS PLATINUM TRUST	COM	26922V101	11,431	97,660	SH		SOLE		97,660	0	0
ETFS PHYSIAL PALLADIUM SHARES	COM	26923A106	1,835	23,675	SH		SOLE		23,675	0	0
E Trade Group Inc	COM	269246401	40	1,640	SH		SOLE		1,640	0	0
EASTMAN CHEMICAL	COM	277432100	65	855	SH		SOLE		855	0	0
EBAY INC	COM	278642103	362	6,443	SH		SOLE		6,443	0	0
ECOLAB INC	COM	278865100	160	1,531	SH		SOLE		1,531	0	0
EDISON INTERNATIONAL INC	COM	281020107	121	1,853	SH		SOLE		1,853	0	0
EDWARDS LIFESCIENCES SP - WI	COM	28176E108	77	601	SH		SOLE		601	0	0
ELECTRONIC ARTS INC	COM	285512109	84	1,779	SH		SOLE		1,779	0	0
EMERSON ELECTRIC CO	COM	291011104	244	3,954	SH		SOLE		3,954	0	0
ENERSYS	NOTE	29275YAA0	14,297	9,250,000	PRN		SOLE		9,250,000	0	0
ENTERGY CORP	COM	29364G103	89	1,020	SH		SOLE		1,020	0	0
EQUIFAX INC	COM	294429105	55	685	SH		SOLE		685	0	0
EQUINIX INC	COM	29444U502	8,867	39,109	SH		SOLE		39,109	0	0
EQUITY RESIDENTIAL PROPERTIES TRUST	COM	29476L107	148	2,057	SH		SOLE		2,057	0	0
ESSEX PROPERTY TRUST INC	COM	297178105	75	361	SH		SOLE		361	0	0
PECO ENERGY	COM	30161N101	182	4,898	SH		SOLE		4,898	0	0
EXPEDIA INC	CL A	30212P303	48	565	SH		SOLE		565	0	0
EXPEDITORS INTL WASH INC	COM	302130109	50	1,110	SH		SOLE		1,110	0	0
EXPRESS SCRIPTS HOLDING CO	COM	30219G108	354	4,184	SH		SOLE		4,184	0	0
EXXON CORP	COM	30231G102	2,231	24,137	SH		SOLE		24,137	0	0
FLIR SYSTEMS INC	COM	302445101	26	802	SH		SOLE		802	0	0
FMC CORP	COM	302491303	43	751	SH		SOLE		751	0	0
FMC TECHNOLOGIES INC	COM	30249U101	62	1,332	SH		SOLE		1,332	0	0
FACEBOOK INC	COM	30303M102	930	11,917	SH		SOLE		11,917	0	0
FAMILY DOLLAR STORES INC	COM	307000109	43	546	SH		SOLE		546	0	0
FASTENAL COMPANY	COM	311900104	74	1,553	SH		SOLE		1,553	0	0
FDX CORP	COM	31428X106	262	1,510	SH		SOLE		1,510	0	0
F5 NETWORKS INC	COM	315616102	55	422	SH		SOLE		422	0	0
FIDELITY NATIONAL INFORMATION SERVICES	COM	31620M106	101	1,624	SH		SOLE		1,624	0	0
FIDELITY NATIONAL TITLE	NOTE	31620RAE5	7,925	4,200,000	PRN		SOLE		4,200,000	0	0
FIFTH THIRD BANCORP	COM	316773100	96	4,697	SH		SOLE		4,697	0	0
FIRST SOLAR INC	COM	336433107	19	427	SH		SOLE		427	0	0
FISERV INC	COM	337738108	99	1,391	SH		SOLE		1,391	0	0
FIRSTENERGY CORP	COM	337932107	93	2,398	SH		SOLE		2,398	0	0
FLUOR CORP	COM	343412102	54	896	SH		SOLE		896	0	0
FLOWSERVE CORPORATION	COM	34354P105	47	778	SH		SOLE		778	0	0
FORD MOTOR COMPANY	COM	345370860	340	21,937	SH		SOLE		21,937	0	0
FOSSIL INC	COM	34988V106	29	265	SH		SOLE		265	0	0
FRANKLIN RESOURCES INC	COM	354613101	124	2,241	SH		SOLE		2,241	0	0
FREEPORT-MCMORAN	COM	35671D857	138	5,922	SH		SOLE		5,922	0	0
CITIZENS COMMUNICATIONS CO	COM	35906A108	38	5,702	SH		SOLE		5,702	0	0
GAMESTOP CORP	COM	36467W109	21	619	SH		SOLE		619	0	0
GANNETT CO	COM	364730101	41	1,283	SH		SOLE		1,283	0	0
GAP INC	COM	364760108	64	1,522	SH		SOLE		1,522	0	0
GENERAL DYNAMICS CORP	COM	369550108	247	1,795	SH		SOLE		1,795	0	0
GENERAL ELECTRIC CO	COM	369604103	1,446	57,238	SH		SOLE		57,238	0	0
GENERAL GROWTH PROPERTIES	COM	370023103	100	3,569	SH		SOLE		3,569	0	0
GENERAL MILLS INC	COM	370334104	184	3,442	SH		SOLE		3,442	0	0
GENERAL MOTORS CORP	COM	37045V100	269	7,692	SH		SOLE		7,692	0	0
GENESEE & WYOMING INC	UNIT 10/01/2015	371559204	8,406	73,000	SH		SOLE		73,000	0	0
GENUINE PARTS CO	COM	372460105	93	869	SH		SOLE		869	0	0
GENWORTH FINANCIAL INC	COM	37247D106	24	2,823	SH		SOLE		2,823	0	0
GILEAD SCIENCES INC	COM	375558103	811	8,599	SH		SOLE		8,599	0	0
GILEAD SCIENCES INC	NOTE	375558AP8	25,660	6,200,000	PRN		SOLE		6,200,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	448	2,309	SH		SOLE		2,309	0	0
GOODYEAR TIRE & RUBBER CORP	COM	382550101	45	1,563	SH		SOLE		1,563	0	0
GOOGLE INC	CL A	38259P508	862	1,624	SH		SOLE		1,624	0	0
GOOGLE INC	CL C	38259P706	854	1,623	SH		SOLE		1,623	0	0
GRAINGER WW INC	COM	384802104	89	350	SH		SOLE		350	0	0
GREEN PLAINS REVEWABLE ENERGY	NOTE	393222AD6	14,715	10,900,000	PRN		SOLE		10,900,000	0	0
HCP INC	COM	40414L109	115	2,617	SH		SOLE		2,617	0	0
HALLIBURTON CO	COM	406216101	190	4,837	SH		SOLE		4,837	0	0
HARLEY DAVIDSON	COM	412822108	81	1,222	SH		SOLE		1,222	0	0
HARMAN INTL	COM	413086109	41	385	SH		SOLE		385	0	0
HARRIS CORP	COM	413875105	43	596	SH		SOLE		596	0	0
HARTFORD FINANCIAL SERVICES GROUP	COM	416515104	103	2,460	SH		SOLE		2,460	0	0
HASBRO INC	COM	418056107	36	652	SH		SOLE		652	0	0
HEALTH CARE REIT INC	COM	42217K106	141	1,867	SH		SOLE		1,867	0	0
HELMERICH AND PAYNE	COM	423452101	41	615	SH		SOLE		615	0	0
HERSHEY FOODS CORP	COM	427866108	88	844	SH		SOLE		844	0	0
HESS CORP	COM	42809H107	107	1,449	SH		SOLE		1,449	0	0
HEWLETT PACKARD INC	COM	428236103	427	10,637	SH		SOLE		10,637	0	0
HOME DEPOT INC	COM	437076102	789	7,512	SH		SOLE		7,512	0	0
ALLIEDSIGNAL INC	COM	438516106	446	4,461	SH		SOLE		4,461	0	0
HORMEL FOODS CORP	COM	440452100	40	760	SH		SOLE		760	0	0
HORNBECK OFFSHORE SERVICES INC	NOTE	440543AN6	8,562	10,300,000	PRN		SOLE		10,300,000	0	0
HOSPIRA INC	COM	441060100	59	959	SH		SOLE		959	0	0
HOST MARRIOT CORP	COM	44107P104	103	4,316	SH		SOLE		4,316	0	0
HUDSON CITY BANCORP INC	COM	443683107	28	2,736	SH		SOLE		2,736	0	0
HUMANA INC	COM	444859102	126	878	SH		SOLE		878	0	0
HUNTINGTON BANCSHARES INC	COM	446150104	49	4,647	SH		SOLE		4,647	0	0
ICONIX BRAND GROUP	NOTE	451055AE7	9,003	7,650,000	PRN		SOLE		7,650,000	0	0
HYBRIDON INC CSD	COM	45168K306	1,639	371,759	SH		SOLE		371,759	0	0
ILLINOIS TOOL WORKS	COM	452308109	194	2,050	SH		SOLE		2,050	0	0
INTEL CORP	COM	458140100	1,000	27,559	SH		SOLE		27,559	0	0
INTEL CORP	NOTE	458140AF7	22,604	13,000,000	PRN		SOLE		13,000,000	0	0
INTEGRYS ENERGY GROUP INC	COM	45822P105	35	450	SH		SOLE		450	0	0
INTERCONTINENTALEXCHANGE INC	COM	45866F104	141	645	SH		SOLE		645	0	0
INTL BUSINESS MACH	COM	459200101	842	5,247	SH		SOLE		5,247	0	0
INTL FLAVORS & FRAGRANCES	COM	459506101	47	462	SH		SOLE		462	0	0
INTERNATIONAL PAPER CO	COM	460146103	129	2,415	SH		SOLE		2,415	0	0
INTERPUBLIC GROUP	COM	460690100	50	2,384	SH		SOLE		2,384	0	0
INTUIT INC	COM	461202103	150	1,627	SH		SOLE		1,627	0	0
INTUITIVE SURGICAL INC	COM	46120E602	108	205	SH		SOLE		205	0	0
IRIDIUM COMMUNICATIONS INC	PFD CNV B	46269C409	8,892	24,000	SH		SOLE		24,000	0	0
IRON MOUNTAIN	COM	462846106	41	1,057	SH		SOLE		1,057	0	0
ISHARES MSCI EMERGING MKT IN	COM	464287234	25,310	644,194	SH		SOLE		644,194	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	17,913	294,431	SH		SOLE		294,431	0	0
ISHARES SILVER TRUST	COM	46428Q109	1,954	129,769	SH		SOLE		129,769	0	0
CHASE MANHATTAN CORP	COM	46625H100	1,333	21,308	SH		SOLE		21,308	0	0
JACOBS ENGINEERING GROUP INC	COM	469814107	34	752	SH		SOLE		752	0	0
JOHNSON & JOHNSON	COM	478160104	1,668	15,955	SH		SOLE		15,955	0	0
JOHNSON CONTROLS	COM	478366107	183	3,788	SH		SOLE		3,788	0	0
JOY GLOBAL	COM	481165108	26	559	SH		SOLE		559	0	0
J2 GLOBAL INC	NOTE	48123VAC6	12,114	11,000,000	PRN		SOLE		11,000,000	0	0
JUNIPER NETWORKS INC	COM	48203R104	49	2,195	SH		SOLE		2,195	0	0
KLA-TENCOR CORPORATION	COM	482480100	66	936	SH		SOLE		936	0	0
KANSAS CITY SOUTHERN INDS	COM	485170302	76	622	SH		SOLE		622	0	0
KELLOGG CO	COM	487836108	94	1,437	SH		SOLE		1,437	0	0
KEURIG GREEN MOUNTAIN INC	COM	49271M100	92	693	SH		SOLE		693	0	0
KEYCORP	COM	493267108	69	4,938	SH		SOLE		4,938	0	0
KEYCORP	PFD	493267405	11,805	92,000	PRN		SOLE		92,000	0	0
KIMBERLY-CLARK CORP	COM	494368103	246	2,127	SH		SOLE		2,127	0	0
KIMCO REALTY	COM	49446R109	59	2,345	SH		SOLE		2,345	0	0
KINDER MORGAN INC	COM	49456B101	410	9,684	SH		SOLE		9,684	0	0
KOHLS CORP	COM	500255104	70	1,152	SH		SOLE		1,152	0	0
KRAFT FOODS INC	COM	50076Q106	210	3,357	SH		SOLE		3,357	0	0
KROGER CO	COM	501044101	180	2,799	SH		SOLE		2,799	0	0
LIMITED INC	COM	501797104	121	1,395	SH		SOLE		1,395	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	62	491	SH		SOLE		491	0	0
LABORATORY CORP OF AMERICA HOLDINGS	COM	50540R409	52	483	SH		SOLE		483	0	0
LABORATORY CORP OF AMERICA HOLDINGS	NOTE	50540RAG7	13,505	9,350,000	PRN		SOLE		9,350,000	0	0
LAM RESEARCH CORP	COM	512807108	73	915	SH		SOLE		915	0	0
LAM RESEARCH CORP	NOTE	512807AJ7	21,000	16,000,000	PRN		SOLE		16,000,000	0	0
ESTEE LAUDER	COM	518439104	98	1,280	SH		SOLE		1,280	0	0
LEGGETT & PLATT INC	COM	524660107	33	781	SH		SOLE		781	0	0
LEGG MASON INC	COM	524901105	31	573	SH		SOLE		573	0	0
LENNAR CORP	COM	526057104	45	1,011	SH		SOLE		1,011	0	0
LEUCADIA NATIONAL CORP	COM	527288104	40	1,803	SH		SOLE		1,803	0	0
LEVEL 3 COMMUNICATIONS	COM	52729N308	78	1,580	SH		SOLE		1,580	0	0
LIBERTY MEDIA CORP	NOTE	531229AB8	7,890	8,000,000	PRN		SOLE		8,000,000	0	0
LILLY (ELI) & CO	COM	532457108	386	5,593	SH		SOLE		5,593	0	0
LINCOLN NATIONAL CORP	COM	534187109	86	1,485	SH		SOLE		1,485	0	0
LINEAR TECHNOLOGY CORP	COM	535678106	62	1,356	SH		SOLE		1,356	0	0
LOCKHEED MARTIN CORP	COM	539830109	295	1,534	SH		SOLE		1,534	0	0
LOEWS CORP	COM	540424108	72	1,707	SH		SOLE		1,707	0	0
LORILLARD INC	COM	544147101	129	2,048	SH		SOLE		2,048	0	0
LOWE'S COMPANIES	COM	548661107	382	5,546	SH		SOLE		5,546	0	0
M&T BANK CORPORATION	COM	55261F104	94	748	SH		SOLE		748	0	0
MGIC INVESTMENT CORP	NOTE	552848AE3	11,559	7,900,000	PRN		SOLE		7,900,000	0	0
MGM MIRAGE MGM INC	NOTE	55303QAE0	9,440	8,000,000	PRN		SOLE		8,000,000	0	0
MACERICH CO/THE	COM	554382101	66	793	SH		SOLE		793	0	0
MACQUARIE INFRASTRUCTURE	NOTE	55608BAA3	18,521	16,300,000	PRN		SOLE		16,300,000	0	0
MACY'S INC	COM	55616P104	129	1,969	SH		SOLE		1,969	0	0
USX MARATHON GROUP	COM	565849106	109	3,837	SH		SOLE		3,837	0	0
MARATHON PETROLEM	COM	56585A102	144	1,598	SH		SOLE		1,598	0	0
MARSH & MCLENNAN COS	COM	571748102	177	3,084	SH		SOLE		3,084	0	0
MARRIOT INTERNATIONAL	COM	571903202	95	1,212	SH		SOLE		1,212	0	0
MARTIN MARIETTA MATERIALS	COM	573284106	38	345	SH		SOLE		345	0	0
MASCO	COM	574599106	51	2,028	SH		SOLE		2,028	0	0
MASTERCARD INC	CL A	57636Q104	481	5,586	SH		SOLE		5,586	0	0
MATTEL INC	COM	577081102	59	1,922	SH		SOLE		1,922	0	0
MCCORMICK & CO	COM	579780206	55	745	SH		SOLE		745	0	0
MCDONALD'S CORP	COM	580135101	520	5,548	SH		SOLE		5,548	0	0
MCGRAW HILL INC NOTE	COM	580645109	138	1,548	SH		SOLE		1,548	0	0
MCKESSON HBOC INC	COM	58155Q103	274	1,321	SH		SOLE		1,321	0	0
MEAD JOHNSON NUTRITION CO	COM	582839106	115	1,142	SH		SOLE		1,142	0	0
MEADWESTVACO CORP	COM	583334107	42	956	SH		SOLE		956	0	0
MEDICINES COMPANY	NOTE	584688AC9	11,140	9,650,000	PRN		SOLE		9,650,000	0	0
MEDTRONIC INC	COM	585055106	405	5,610	SH		SOLE		5,610	0	0
MENTOR GRAPHICS CORP	NOTE	587200AK2	13,592	11,350,000	PRN		SOLE		11,350,000	0	0
MERCK & COMPANY INC	COM	58933Y105	923	16,250	SH		SOLE		16,250	0	0
MERITAGE CORP	NOTE	59001AAR3	887	900,000	PRN		SOLE		900,000	0	0
METLIFE INC	COM	59156R108	350	6,475	SH		SOLE		6,475	0	0
MICROSOFT CORP	COM	594918104	2,182	46,982	SH		SOLE		46,982	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	51	1,139	SH		SOLE		1,139	0	0
MICRON TECHNOLOGY	COM	595112103	214	6,118	SH		SOLE		6,118	0	0
MOHAWK INDUSTRIES INC	COM	608190104	55	352	SH		SOLE		352	0	0
COORS (ADOLPH)	CL B	60871R209	67	903	SH		SOLE		903	0	0
MONDELEZ INTERNATIONAL INC	COM	609207105	348	9,576	SH		SOLE		9,576	0	0
MONSANTO CO	COM	61166W101	329	2,753	SH		SOLE		2,753	0	0
HANSEN NATURAL CORP	COM	611740101	89	817	SH		SOLE		817	0	0
DUN AND BRADSTREET CORP	COM	615369105	100	1,047	SH		SOLE		1,047	0	0
MORGAN STANLEY	COM	617446448	338	8,710	SH		SOLE		8,710	0	0
MOSAIC CO/THE	COM	61945C103	82	1,799	SH		SOLE		1,799	0	0
MOTOROLA INC	COM	620076307	81	1,208	SH		SOLE		1,208	0	0
MURPHY OIL CORP	COM	626717102	48	950	SH		SOLE		950	0	0
MYLAN LABORATORIES	COM	628530107	120	2,126	SH		SOLE		2,126	0	0
MYLAN LABORATORIES	NOTE	628530AJ6	23,244	5,500,000	PRN		SOLE		5,500,000	0	0
NRG ENERGY INC	COM	629377508	52	1,918	SH		SOLE		1,918	0	0
NASDAQ STOCK MARKET INC	COM	631103108	32	669	SH		SOLE		669	0	0
NATIONAL-OILWELL VARCO INC	COM	637071101	161	2,454	SH		SOLE		2,454	0	0
NAVIENT CORP	COM	63938C108	51	2,339	SH		SOLE		2,339	0	0
NETWORK APPLIANCE INC	COM	64110D104	74	1,777	SH		SOLE		1,777	0	0
NETFLIX INC	COM	64110L106	116	341	SH		SOLE		341	0	0
NW YORK COMMUNITY BANCORP	UNIT 11/01/2051	64944P307	8,724	175,000	SH		SOLE		175,000	0	0
NEWELL RUBBERMAID INC	COM	651229106	59	1,546	SH		SOLE		1,546	0	0
NEWFIELD EXPLORATION COMPANY	COM	651290108	21	777	SH		SOLE		777	0	0
NEWMONT MINING CORP	COM	651639106	54	2,836	SH		SOLE		2,836	0	0
NEWPARK RESOURCES	NOTE	651718AC2	8,995	8,000,000	PRN		SOLE		8,000,000	0	0
NEW CORP	CL A	65249B109	45	2,843	SH		SOLE		2,843	0	0
FPL GROUP INC	COM	65339F101	264	2,481	SH		SOLE		2,481	0	0
NIKE INC	CL B	654106103	382	3,978	SH		SOLE		3,978	0	0
NIPSCO INDUSTRIES INC	COM	65473P105	76	1,791	SH		SOLE		1,791	0	0
NOBLE AFFILIATES INC	COM	655044105	97	2,054	SH		SOLE		2,054	0	0
NORDSTROM INC	COM	655664100	64	806	SH		SOLE		806	0	0
NORFOLK SOUTHERN CORP	COM	655844108	193	1,761	SH		SOLE		1,761	0	0
NORTHEAST UTILITIES	COM	664397106	96	1,797	SH		SOLE		1,797	0	0
NORTHERN TRUST CORP	COM	665859104	85	1,265	SH		SOLE		1,265	0	0
NORTHROP GRUMMAN CORP	COM	666807102	170	1,152	SH		SOLE		1,152	0	0
NUCOR CORP	COM	670346105	89	1,811	SH		SOLE		1,811	0	0
NVDIA CORP	COM	67066G104	59	2,943	SH		SOLE		2,943	0	0
NVDIA CORP	NOTE	67066GAC8	9,195	8,000,000	PRN		SOLE		8,000,000	0	0
O'REILLY AUTOMOTIVE INC	COM	67103H107	112	579	SH		SOLE		579	0	0
OCCIDENTAL PETROLEUM	COM	674599105	356	4,420	SH		SOLE		4,420	0	0
OMNICOM GROUP	COM	681919106	110	1,415	SH		SOLE		1,415	0	0
ON SEMICONDUCTOR CORP	NOTE	682189AH8	10,937	9,200,000	PRN		SOLE		9,200,000	0	0
ONEOK INC	COM	682680103	59	1,182	SH		SOLE		1,182	0	0
ORACLE SYSTEMS CORP	COM	68389X105	829	18,439	SH		SOLE		18,439	0	0
OWENS-ILLINOIS INC	COM	690768403	25	939	SH		SOLE		939	0	0
PDL BIOPHARMA INC	NOTE	69329YAF1	7,863	8,100,000	PRN		SOLE		8,100,000	0	0
PG&E CORPORATION	COM	69331C108	144	2,707	SH		SOLE		2,707	0	0
PNC BANK CORP	COM	693475105	274	3,000	SH		SOLE		3,000	0	0
PPG INDUSTRIES INC	COM	693506107	182	787	SH		SOLE		787	0	0
PP AND L CAPITAL FUNDING	COM	69351T106	138	3,790	SH		SOLE		3,790	0	0
PHILLIPS-VAN HEUSEN CORP	COM	693656100	59	461	SH		SOLE		461	0	0
PACCAR INC	COM	693718108	137	2,017	SH		SOLE		2,017	0	0
PALL CORP	COM	696429307	62	608	SH		SOLE		608	0	0
PARKER HANNIFIN CORP	COM	701094104	109	842	SH		SOLE		842	0	0
PATTERSON COS INC	COM	703395103	24	492	SH		SOLE		492	0	0
PAYCHEX INC	COM	704326107	86	1,858	SH		SOLE		1,858	0	0
PEOPLE'S UNITED FINANCIAL INC	COM	712704105	27	1,761	SH		SOLE		1,761	0	0
PEPCO HOLDINGS INC	COM	713291102	38	1,428	SH		SOLE		1,428	0	0
PEPSI CO INC	COM	713448108	807	8,531	SH		SOLE		8,531	0	0
PERKINELMER INC	COM	714046109	28	644	SH		SOLE		644	0	0
PETSMART INC	COM	716768106	46	565	SH		SOLE		565	0	0
PFIZER INC	COM	717081103	1,119	35,913	SH		SOLE		35,913	0	0
PHILIP MORRIS	COM	718172109	721	8,856	SH		SOLE		8,856	0	0
PHILLIPS 66	COM	718546104	226	3,155	SH		SOLE		3,155	0	0
PINNACLE WEST CAPITAL CORP	COM	723484101	42	621	SH		SOLE		621	0	0
PIONEER NATURAL RESOURCE	COM	723787107	126	848	SH		SOLE		848	0	0
PITNEY BOWES INC	COM	724479100	28	1,152	SH		SOLE		1,152	0	0
PLUM CREEK TIMBER CO INC	COM	729251108	43	1,007	SH		SOLE		1,007	0	0
POWERSHARES DB OIL FUND	COM	73935S105	4,696	254,542	SH		SOLE		254,542	0	0
POWERSHARES DYN ENERGY	COM	73936B101	9,063	518,766	SH		SOLE		518,766	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B408	29,318	1,177,900	SH		SOLE		1,177,900	0	0
POWERSHARES DB OIL FUND	COM	73936B507	10,389	661,735	SH		SOLE		661,735	0	0
POWERSHARES DB AGRICULTURE F	COM	73936B705	6,203	390,138	SH		SOLE		390,138	0	0
PRAXAIR	COM	74005P104	215	1,658	SH		SOLE		1,658	0	0
PRECISION CASTPARTS CORP	COM	740189105	198	822	SH		SOLE		822	0	0
T ROWE PRICE	COM	74144T108	127	1,479	SH		SOLE		1,479	0	0
PRICELINECOM INC	COM	741503403	340	298	SH		SOLE		298	0	0
PRICELINECOM INC	NOTE	741503AQ9	24,183	18,200,000	PRN		SOLE		18,200,000	0	0
PRINCIPAL FINANCIAL GROUP INC	COM	74251V102	81	1,556	SH		SOLE		1,556	0	0
PROCTOR & GAMBLE CO	COM	742718109	1,402	15,394	SH		SOLE		15,394	0	0
PROGRESSIVE CORP OH	COM	743315103	82	3,049	SH		SOLE		3,049	0	0
PROLOGIS INC REIT USD	COM	74340W103	122	2,843	SH		SOLE		2,843	0	0
PRUDENTIAL FINANCIAL INC	COM	744320102	237	2,617	SH		SOLE		2,617	0	0
PUBLIC SVC ENTERPRISES	COM	744573106	119	2,884	SH		SOLE		2,884	0	0
PUBLIC STORAGE INC	COM	74460D109	152	824	SH		SOLE		824	0	0
PULTE CORP	COM	745867101	41	1,902	SH		SOLE		1,902	0	0
QEP RESOURCES INC	COM	74733V100	19	943	SH		SOLE		943	0	0
QUALCOMM INC	COM	747525103	704	9,477	SH		SOLE		9,477	0	0
Quanta Serv	COM	74762E102	35	1,235	SH		SOLE		1,235	0	0
QUEST DIAGNOSTICS	COM	74834L100	55	819	SH		SOLE		819	0	0
QUIDEL CORP	NOTE	74838JAA9	8,915	8,000,000	PRN		SOLE		8,000,000	0	0
RPM INC-OHIO	NOTE	749685AT0	16,319	14,000,000	PRN		SOLE		14,000,000	0	0
POLO RALPH LAUREN CORP	COM	751212101	64	345	SH		SOLE		345	0	0
RANGE RESOURCES CORP	COM	75281A109	51	959	SH		SOLE		959	0	0
RAYONIER INC	NOTE	75508AAC0	8,505	7,000,000	PRN		SOLE		7,000,000	0	0
RAYTHEON CO	COM	755111507	190	1,758	SH		SOLE		1,758	0	0
RED HAT INC	COM	756577102	74	1,069	SH		SOLE		1,069	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	172	420	SH		SOLE		420	0	0
REGIONS FINANCIAL CORP	COM	7591EP100	83	7,846	SH		SOLE		7,846	0	0
REPUBLIC SERVICES	COM	760759100	58	1,437	SH		SOLE		1,437	0	0
RJR NABISCO HOLDINGS	COM	761713106	113	1,753	SH		SOLE		1,753	0	0
ROBERT HALF INTERNATIONAL INC	COM	770323103	46	784	SH		SOLE		784	0	0
ROCKWELL AUTOMATION	COM	773903109	87	783	SH		SOLE		783	0	0
ROCKWELL COLLINS INC	COM	774341101	64	762	SH		SOLE		762	0	0
ROPER INDUSTRIES INC	COM	776696106	89	568	SH		SOLE		568	0	0
ROPER INDUSTRIES INC	NOTE	776696AA4	14,068	7,100,000	PRN		SOLE		7,100,000	0	0
ROSS STORES INC	COM	778296103	113	1,194	SH		SOLE		1,194	0	0
RYDER SYSTEM INC NOTE	COM	783549108	27	296	SH		SOLE		296	0	0
SPDR TRUST SERIES 1	COM	78462F103	2,456	11,953	SH		SOLE		11,953	0	0
SPDR GOLD TRUST	COM	78463V107	7,380	64,980	SH		SOLE		64,980	0	0
SAFEWAY INC	COM	786514208	46	1,310	SH		SOLE		1,310	0	0
ST JUDE MEDICAL INC	COM	790849103	106	1,629	SH		SOLE		1,629	0	0
SALESFORCECOM INC	COM	79466L302	198	3,344	SH		SOLE		3,344	0	0
SALIX PHARMACEUTICALS LTD	NOTE	795435AE6	15,679	8,600,000	PRN		SOLE		8,600,000	0	0
SANDISK CORP	COM	80004C101	123	1,258	SH		SOLE		1,258	0	0
SANDISK CORP	NOTE	80004CAD3	17,856	9,300,000	PRN		SOLE		9,300,000	0	0
SCANA CORP	COM	80589M102	49	805	SH		SOLE		805	0	0
SCHLUMBERGER LTD	COM	806857108	626	7,335	SH		SOLE		7,335	0	0
SCHWAB CHARLES CORP	COM	808513105	198	6,549	SH		SOLE		6,549	0	0
EW SCRIPPS CO	CL A	811065101	44	579	SH		SOLE		579	0	0
SEACOR HOLDINGS	NOTE	81170YAB5	10,844	11,900,000	PRN		SOLE		11,900,000	0	0
SEALED AIR CORP	COM	81211K100	51	1,205	SH		SOLE		1,205	0	0
SEMPRA ENERGY	COM	816851109	146	1,314	SH		SOLE		1,314	0	0
SHERWIN-WILLIAMS CO	COM	824348106	124	473	SH		SOLE		473	0	0
SIGMA-ALDRICH	COM	826552101	93	674	SH		SOLE		674	0	0
SIMON PROPERTY GROUP	COM	828806109	322	1,768	SH		SOLE		1,768	0	0
JM SMUCKER CO	COM	832696405	59	580	SH		SOLE		580	0	0
SNAP-ON INC NOTE TR	COM	833034101	45	329	SH		SOLE		329	0	0
SOUTHERN COMPANY	COM	842587107	252	5,128	SH		SOLE		5,128	0	0
SOUTHWEST AIRLINES	COM	844741108	164	3,869	SH		SOLE		3,869	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	55	2,012	SH		SOLE		2,012	0	0
SPECTRA ENERGY CORP	COM	847560109	138	3,815	SH		SOLE		3,815	0	0
SPECTRANETICS CORP	NOTE	84760CAA5	12,184	9,500,000	PRN		SOLE		9,500,000	0	0
STANLEY BLACK + DECKER INC	COM	854502101	85	887	SH		SOLE		887	0	0
STANLEY BLACK + DECKER INC	UNIT 99/99/9999	854502309	18,983	137,000	SH		SOLE		137,000	0	0
STAPLES INC	COM	855030102	66	3,647	SH		SOLE		3,647	0	0
STARBUCKS CORP	COM	855244109	351	4,273	SH		SOLE		4,273	0	0
STARWOOD PROPERTY TRUST	NOTE	85571BAC9	10,150	10,000,000	PRN		SOLE		10,000,000	0	0
STARWOOD HOTELS & RESORTS WORLDWIDE INC	COM	85590A401	82	1,016	SH		SOLE		1,016	0	0
STATE STREET BOSTON CORP	COM	857477103	187	2,380	SH		SOLE		2,380	0	0
STEEL DYNAMICS	COM	858119100	7,165	362,951	SH		SOLE		362,951	0	0
STERICYCLE INC	COM	858912108	64	485	SH		SOLE		485	0	0
STLLWATER MINING COMPANY	NOTE	86074QAL6	8,892	7,200,000	PRN		SOLE		7,200,000	0	0
STRYKER CORP	COM	863667101	160	1,701	SH		SOLE		1,701	0	0
SUNTRUST BANK	COM	867914103	125	2,973	SH		SOLE		2,973	0	0
SYMANTEC CORP	COM	871503108	101	3,927	SH		SOLE		3,927	0	0
SYSCO CORP	COM	871829107	133	3,350	SH		SOLE		3,350	0	0
TECO ENERGY INC	COM	872375100	27	1,337	SH		SOLE		1,337	0	0
TJX COMPANIES INC	COM	872540109	269	3,927	SH		SOLE		3,927	0	0
TAKE-TWO INTERACTIVE SOFTWARE INC	NOTE	874054AD1	11,165	8,000,000	PRN		SOLE		8,000,000	0	0
DAYTON HUDSON CORP	COM	76121E106	276	3,630	SH		SOLE		3,630	0	0
TENET HEALTHCARE CORP	COM	88033G407	28	559	SH		SOLE		559	0	0
TERADATA CORP	COM	88076W103	39	882	SH		SOLE		882	0	0
TESORO PETROLEUM CORP	COM	881609101	54	720	SH		SOLE		720	0	0
TESLA MOTORS INC	NOTE	88160RAC5	9,921	11,000,000	PRN		SOLE		11,000,000	0	0
TEXAS INSTRUMENTS IN	COM	882508104	322	6,021	SH		SOLE		6,021	0	0
TEXTRON	COM	883203101	67	1,583	SH		SOLE		1,583	0	0
THERMO ELECTRON CORP	COM	883556102	286	2,280	SH		SOLE		2,280	0	0
MINNESOTA MINING & MANUFACTURING	COM	88579Y101	600	3,653	SH		SOLE		3,653	0	0
TIFFANY & COMPANY	COM	886547108	68	639	SH		SOLE		639	0	0
TIME WARNER INC COM	COM	887317303	408	4,780	SH		SOLE		4,780	0	0
TIME WARNER CABLE INC	COM	88732J207	243	1,598	SH		SOLE		1,598	0	0
TORCHMARK CORP	COM	891027104	40	734	SH		SOLE		734	0	0
TOTAL SYSTEM SERVICES	COM	891906109	32	941	SH		SOLE		941	0	0
TRACTOR SUPPLY COMPANY	COM	892356106	61	780	SH		SOLE		780	0	0
THE TRAVELERS COMPANIES INC	COM	89417E109	200	1,889	SH		SOLE		1,889	0	0
TRIPADVISOR INC	COM	896945201	47	633	SH		SOLE		633	0	0
NEWS AMERICA CORP	COM	90130A101	406	10,569	SH		SOLE		10,569	0	0
TYSON FOODS	COM	902494103	67	1,665	SH		SOLE		1,665	0	0
US BANCORP(SUPER REGIONAL)	COM	902973304	458	10,200	SH		SOLE		10,200	0	0
UNDER ARMOUR INC	COM	904311107	64	946	SH		SOLE		946	0	0
UNION PACIFIC CORP	COM	907818108	604	5,068	SH		SOLE		5,068	0	0
UNITED PARCEL SERVICE	CL B	911312106	442	3,973	SH		SOLE		3,973	0	0
UNITED RENTALS INC	COM	911363109	58	568	SH		SOLE		568	0	0
UNITED STATES GAS FUND LP	COM	91201T102	577	16,885	SH		SOLE		16,885	0	0
US NATURAL GAS FUND LP	COM	912318201	4,500	304,647	SH		SOLE		304,647	0	0
UNITED STATES 12 MONTH OIL	COM	91288V103	1,239	46,208	SH		SOLE		46,208	0	0
UNITED TECH CORP	COM	913017109	556	4,839	SH		SOLE		4,839	0	0
UNITED TECH CORP	UNIT 99/99/9999	913017117	18,399	300,000	SH		SOLE		300,000	0	0
UNITED HEALTHCARE	COM	91324P102	553	5,471	SH		SOLE		5,471	0	0
UNIVERSAL HEALTH SERVICES	COM	913903100	58	518	SH		SOLE		518	0	0
UNUM GROUP	COM	91529Y106	50	1,437	SH		SOLE		1,437	0	0
URBAN OUTFITTERS INC	COM	917047102	20	578	SH		SOLE		578	0	0
VF CORP	COM	918204108	147	1,969	SH		SOLE		1,969	0	0
VALERO ENERGY CORP	COM	91913Y100	147	2,972	SH		SOLE		2,972	0	0
VARIAN MEDICAL SYSTEMS INC	COM	92220P105	49	570	SH		SOLE		570	0	0
VECTOR GROUP LTD	NOTE	92240MBC1	11,653	11,000,000	PRN		SOLE		11,000,000	0	0
VENTAS INC	COM	92276F100	120	1,674	SH		SOLE		1,674	0	0
VERISIGN INC	COM	92343E102	35	622	SH		SOLE		622	0	0
BELL ATLANTIC	COM	92343V104	1,106	23,652	SH		SOLE		23,652	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	163	1,370	SH		SOLE		1,370	0	0
VIACOM INC	COM	92553P201	158	2,106	SH		SOLE		2,106	0	0
Visa Lnd Dev(Visa Int)	COM	92826C839	730	2,784	SH		SOLE		2,784	0	0
VORNADO REALTY	COM	929042109	117	992	SH		SOLE		992	0	0
VULCAN MATERIALS CO	COM	929160109	49	744	SH		SOLE		744	0	0
WABASH NATIONAL CORP	NOTE	929566AH0	9,765	7,700,000	PRN		SOLE		7,700,000	0	0
WAL-MART STORES	COM	931142103	773	9,002	SH		SOLE		9,002	0	0
WASTE MANAGEMENT INC	COM	94106L109	125	2,428	SH		SOLE		2,428	0	0
WATERS CORPORATION	COM	941848103	54	481	SH		SOLE		481	0	0
WELLPOINT INC	NOTE	94973VBG1	20,311	11,800,000	PRN		SOLE		11,800,000	0	0
WELLS FARGO & CO	COM	949746101	1,475	26,908	SH		SOLE		26,908	0	0
WESCO DISTRIBUTION	NOTE	95082PAH8	14,784	5,496,000	PRN		SOLE		5,496,000	0	0
WESTERN DIGITAL CORP	COM	958102105	138	1,251	SH		SOLE		1,251	0	0
WESTERN UNION	COM	959802109	53	2,979	SH		SOLE		2,979	0	0
WEYERHAEUSER	COM	962166104	107	2,990	SH		SOLE		2,990	0	0
WHIRLPOOL CORP	COM	963320106	86	442	SH		SOLE		442	0	0
WHOLE FOODS MARKET INC	COM	966837106	104	2,055	SH		SOLE		2,055	0	0
WILLIAMS COMPANIES	COM	969457100	172	3,826	SH		SOLE		3,826	0	0
WINDSTREAM CORP	COM	97382A101	28	3,428	SH		SOLE		3,428	0	0
Wisconsin Energy Corp	COM	976657106	67	1,276	SH		SOLE		1,276	0	0
WYNDHAM WORLDWIDE CORP	COM	98310W108	61	712	SH		SOLE		712	0	0
WYNN RESORTS LTD	COM	983134107	68	457	SH		SOLE		457	0	0
XCEL ENERGY INC	COM	98389B100	103	2,874	SH		SOLE		2,874	0	0
XILINX INC	COM	983919101	65	1,508	SH		SOLE		1,508	0	0
XILINX INC	NOTE	983919AF8	13,545	9,000,000	PRN		SOLE		9,000,000	0	0
XEROX CORP	COM	984121103	85	6,117	SH		SOLE		6,117	0	0
XYLEM INC	COM	98419M100	40	1,039	SH		SOLE		1,039	0	0
YAHOO! INC	COM	984332106	254	5,022	SH		SOLE		5,022	0	0
YUM! BRANDS INC	COM	988498101	182	2,500	SH		SOLE		2,500	0	0
ZIMMER HOLDINGS INC	COM	98956P102	109	962	SH		SOLE		962	0	0
ZION BANCORPORATION	COM	989701107	33	1,153	SH		SOLE		1,153	0	0
ZOETIS INC	COM	98978V103	123	2,850	SH		SOLE		2,850	0	0
WATSON PHARMACEUTICAL INC	COM	G0083B108	387	1,505	SH		SOLE		1,505	0	0
BLACK HILLS CORP	COM	G0176J109	30	546	SH		SOLE		546	0	0
AON CORP	COM	G0408V102	154	1,626	SH		SOLE		1,626	0	0
ACCENTURE PLC	CL A	G1151C101	319	3,577	SH		SOLE		3,577	0	0
COVIDIEN LTD	COM	G2554F113	264	2,580	SH		SOLE		2,580	0	0
DELPHI AUTOMOTIVE PLC	COM	G27823106	123	1,688	SH		SOLE		1,688	0	0
EATON CORP	COM	G29183103	184	2,712	SH		SOLE		2,712	0	0
ENSCO PLC	CL A	G3157S106	40	1,329	SH		SOLE		1,329	0	0
INGERSOLL-RAND COMPANY	COM	G47791101	96	1,521	SH		SOLE		1,521	0	0
INVESCO PLC	COM	G491BT108	97	2,458	SH		SOLE		2,458	0	0
MALLINCKRODT PLC	COM	G5785G107	66	662	SH		SOLE		662	0	0
MICHAEL KORS HOLDINGS LTD	COM	G60754101	88	1,167	SH		SOLE		1,167	0	0
NABORS INDUSTRIES LTD	COM	G6359F103	21	1,645	SH		SOLE		1,645	0	0
NOBLE DRILLING	COM	G65431101	24	144,812,696,492	SH		SOLE		144,812,696,492	0	0
PARAGON OFFSHORE PLC	COM	G6S01W108	0	1	SH		SOLE		1	0	0
SEAGATE TECHNOLOGY	COM	G7945M107	124	1,865	SH		SOLE		1,865	0	0
PENTAIR LTD	COM	G7S00T104	71	1,065	SH		SOLE		1,065	0	0
TYCO INTERNATIONAL LTD	COM	G91442106	105	2,386	SH		SOLE		2,386	0	0
PERRIGO COMPANY	COM	G97822103	134	802	SH		SOLE		802	0	0
XL CAPITAL LTD	COM	G98290102	51	1,471	SH		SOLE		1,471	0	0
ACE LTD	COM	H0023R105	217	1,891	SH		SOLE		1,891	0	0
GARMIN LTD	COM	H2906T109	37	695	SH		SOLE		695	0	0
TE CONNECTIVITY LTD	COM	H84989104	147	2,325	SH		SOLE		2,325	0	0
TRANSOCEAN OFFSHORE INC	COM	H8817H100	35	1,935	SH		SOLE		1,935	0	0
LYONDELLBASELL INDU	CL A	N53745100	188	2,369	SH		SOLE		2,369	0	0
NIELSEN HOLDINGS NV	COM	N63218106	83	1,846	SH		SOLE		1,846	0	0
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	78	951	SH		SOLE		951	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	144	1,432	SH		SOLE		1,432	0	0