Portfolio Holdings as of 08/31/2007
| Ticker | Cusip | Description | Shares | Market Value |
| AA | 013817101 | Alcoa Inc. | 3,000.000 | $109,590.00 |
| BAC | 060505104 | Bank of America Corporation | 1,700.000 | $86,156.00 |
| BRKL | 11373M107 | Brookline Bancorp, Inc. | 4,000.000 | $50,040.00 |
| COP | 20825C104 | ConocoPhillips | 0.000 | $0.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 1,700.000 | $82,875.00 |
| DLX | 248019101 | Deluxe Corporation | 1,700.000 | $64,634.00 |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| EMIXX | 300250602 | Evergreen Select Mon ey Market Fund | 24,199.990 | $24,199.99 |
| GE | 369604103 | General Electric Company | 2,000.000 | $77,740.00 |
| HON | 438516106 | Honeywell Internatio nal Inc. | 1,900.000 | $106,685.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $80,327.00 |
| LLY | 532457108 | Eli Lilly & Company | 2,000.000 | $114,700.00 |
| MDY | 595635103 | Midcap SPDR Trust Series 1 | 500.000 | $78,375.00 |
| MMM | 88579Y101 | 3M Co | 800.000 | $72,792.00 |
| MRK | 589331107 | Merck & Co., Inc. | 2,000.000 | $100,340.00 |
| PAYX | 704326107 | Paychex, Inc. | 2,500.000 | $111,075.00 |
| RRD | 257867101 | R.R. Donnelley & Son s Company | 2,500.000 | $89,550.00 |
| RTN | 755111507 | Raytheon Company | 2,000.000 | $122,680.00 |
| SON | 835495102 | Sonoco Products Company | 2,500.000 | $90,050.00 |
| SPY | 78462F103 | Standard & Poor's Depositary Receipts | 400.000 | $59,036.00 |
| T | 00206R102 | A T & T Inc | 3,000.000 | $119,610.00 |
| TKR | 887389104 | The Timken Company | 2,600.000 | $92,456.00 |
| TRV | 89417E109 | Travelers Group, Inc. | 2,000.000 | $101,080.00 |
| VZ | 92343V104 | Verizon Communications Inc. | 1,400.000 | $58,632.00 |
| WFC | 949746101 | Wells Fargo & Company | 3,100.000 | $113,274.00 |
| WMI | 94106L109 | Waste Management, INC. | 1,800.000 | $67,806.00 |
| Totals | 345,599.990 | $2,348,702.99 | ||