Portfolio Holdings as of 02/28/2007
| Ticker | Cusip | Description | Shares | Market Value |
| AVY | 053611109 | Avery Dennison Corporation | 800.000 | $53,168.00 |
| BAC | 060505104 | Bank of America Corporation | 1,400.000 | $71,218.00 |
| C | 172967101 | Citigroup Inc. | 1,600.000 | $80,640.00 |
| CVX | 166764100 | Chevron Corportation | 1,000.000 | $68,610.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 1,700.000 | $86,275.00 |
| DOW | 260543103 | Dow Chemical Company | 1,900.000 | $83,220.00 |
| EM041211 | EMPIRE02 | Empire Corporation 04/12/11 | 100,000.000 | $100,000.00 |
| EM120910 | EMPIRE | Empire Corporation 12/09/2010 | 75,000.000 | $73,800.00 |
| EMIXX | 300250602 | Evergreen Select Mon ey Market Fund | 56,141.490 | $56,141.49 |
| GE | 369604103 | General Electric Company | 2,000.000 | $69,840.00 |
| HON | 438516106 | Honeywell Internatio nal Inc. | 1,900.000 | $88,236.00 |
| IAR US | 451663108 | Idearc Inc | 70.000 | $2,380.00 |
| IP | 460146103 | International Paper Company | 2,000.000 | $72,020.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $81,965.00 |
| JPM | 46625H100 | J.P. Morgan & Company Incorporated | 1,600.000 | $79,040.00 |
| LLY | 532457108 | Eli Lilly & Company | 1,000.000 | $52,640.00 |
| MCHP | 595017104 | Microchip Technology Incorporated | 1,600.000 | $56,960.00 |
| MDY | 595635103 | Midcap SPDR Trust Series 1 | 500.000 | $76,575.00 |
| MMM | 88579Y101 | 3M Co | 800.000 | $59,264.00 |
| SON | 835495102 | Sonoco Products Company | 1,700.000 | $62,934.00 |
| SPY | 78462F103 | Standard & Poor's Depositary Receipts | 400.000 | $56,372.00 |
| T | 00206R102 | A T & T Inc | 2,000.000 | $73,600.00 |
| TKR | 887389104 | The Timken Company | 1,600.000 | $45,728.00 |
| UBSI | 909907107 | United Bankshares, Inc. | 1,200.000 | $42,684.00 |
| UGI | 902681105 | UGI Corporation | 2,000.000 | $52,220.00 |
| VNO | 929042109 | Vornado Realty Trust | 500.000 | $63,600.00 |
| VZ | 92343V104 | Verizon Communications Inc. | 1,400.000 | $52,402.00 |
| WMI | 94106L109 | Waste Management, INC. | 1,800.000 | $61,290.00 |
| WOR | 981811102 | Worthington Industries, Inc | 2,000.000 | $39,840.00 |
| WTNY | 966612103 | Whitney Holding Corp oration | 1,600.000 | $50,752.00 |
| Totals | 268,511.490 | $1,913,414.49 | ||