Portfolio Holdings as of 05/31/2007
| Ticker | Cusip | Description | Shares | Market Value |
| BAC | 060505104 | Bank of America Corporation | 1,700.000 | $86,207.00 |
| COP | 20825C104 | ConocoPhillips | 1,400.000 | $108,402.00 |
| CVX | 166764100 | Chevron Corportation | 1,000.000 | $81,490.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 1,700.000 | $88,944.00 |
| DOW | 260543103 | Dow Chemical Company | 1,900.000 | $86,222.00 |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| EMIXX | 300250602 | Evergreen Select Mon ey Market Fund | 241,027.180 | $241,027.18 |
| EPR | 29380T105 | Entertainment Properties Trust | 1,000.000 | $59,050.00 |
| GE | 369604103 | General Electric Company | 2,000.000 | $75,160.00 |
| HON | 438516106 | Honeywell Internatio nal Inc. | 1,900.000 | $110,029.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $82,251.00 |
| LLY | 532457108 | Eli Lilly & Company | 1,000.000 | $58,620.00 |
| LYO | 552078107 | Lyondell Chemical Company | 2,000.000 | $74,340.00 |
| MCHP | 595017104 | Microchip Technology Incorporated | 1,600.000 | $64,928.00 |
| MDY | 595635103 | Midcap SPDR Trust Series 1 | 500.000 | $83,500.00 |
| MMM | 88579Y101 | 3M Co | 800.000 | $70,368.00 |
| SON | 835495102 | Sonoco Products Company | 2,500.000 | $108,250.00 |
| SPY | 78462F103 | Standard & Poor's Depositary Receipts | 400.000 | $61,328.00 |
| T | 00206R102 | A T & T Inc | 2,000.000 | $82,680.00 |
| TKR | 887389104 | The Timken Company | 1,600.000 | $56,256.00 |
| UBSI | 909907107 | United Bankshares, Inc. | 1,200.000 | $40,500.00 |
| UGI | 902681105 | UGI Corporation | 2,000.000 | $57,600.00 |
| VNO | 929042109 | Vornado Realty Trust | 800.000 | $96,808.00 |
| VZ | 92343V104 | Verizon Communications Inc. | 1,400.000 | $60,942.00 |
| WMI | 94106L109 | Waste Management, INC. | 1,800.000 | $69,606.00 |
| WTNY | 966612103 | Whitney Holding Corp oration | 1,600.000 | $49,664.00 |
| Totals | 551,127.180 | $2,329,172.18 | ||