Portfolio Holdings as of 11/30/2007
| Ticker | Cusip | Description | Shares | Market Value |
| AA | 013817101 | Alcoa Inc. | 3,000.000 | $109,110.00 |
| BAC | 060505104 | Bank of America Corporation | 1,700.000 | $78,421.00 |
| BRKL | 11373M107 | Brookline Bancorp, Inc. | 4,000.000 | $41,000.00 |
| CVX | 166764100 | Chevron Corportation | 1,200.000 | $105,324.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 1,700.000 | $78,455.00 |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| EMIXX | 300250602 | Evergreen Select Mon ey Market Fund | 44,257.320 | $44,257.32 |
| GE | 369604103 | General Electric Company | 2,000.000 | $76,580.00 |
| GE-LH | 3LV99G525 | GE Call @ 40.00 12/22/07 | -20.000 | ($460.00) |
| HON | 438516106 | Honeywell Internatio nal Inc. | 1,900.000 | $107,578.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $88,062.00 |
| LLY | 532457108 | Eli Lilly & Company | 2,000.000 | $105,900.00 |
| MDY | 595635103 | Midcap SPDR Trust Series 1 | 500.000 | $78,430.00 |
| MMM | 88579Y101 | 3M Co | 800.000 | $66,608.00 |
| MRK | 589331107 | Merck & Co., Inc. | 2,000.000 | $118,720.00 |
| PAYX | 704326107 | Paychex, Inc. | 2,500.000 | $97,500.00 |
| RRD | 257867101 | R.R. Donnelley & Son s Company | 2,500.000 | $91,650.00 |
| RTN | 755111507 | Raytheon Company | 2,000.000 | $123,700.00 |
| SON | 835495102 | Sonoco Products Company | 2,500.000 | $75,950.00 |
| SPY | 78462F103 | Standard & Poor's Depositary Receipts | 400.000 | $59,464.00 |
| T | 00206R102 | A T & T Inc | 3,000.000 | $114,630.00 |
| TKR | 887389104 | The Timken Company | 2,600.000 | $82,914.00 |
| TKR-LH | 8RK99J820 | TKR CALL @40 12/22/2007 | -26.000 | ($650.00) |
| TRV | 89417E109 | Travelers Group, Inc. | 2,000.000 | $106,220.00 |
| TRV-AK | 7JE996527 | Travelers Cos Inc Call 1/19/08 @55 | -20.000 | ($2,700.00) |
| VZ | 92343V104 | Verizon Communications Inc. | 1,400.000 | $60,494.00 |
| WFC | 949746101 | Wells Fargo & Company | 3,100.000 | $100,533.00 |
| WFC-AG | 9JF99U174 | WFC Call @$35 01/19/08 | -31.000 | ($2,635.00) |
| WMI | 94106L109 | Waste Management, INC. | 1,800.000 | $61,776.00 |
| Totals | 365,060.320 | $2,341,831.32 | ||