Portfolio Holdings as of 1/31/2008
| Ticker | Cusip | Description | Shares | Market Value |
| AA | 013817101 | Alcoa Inc. | 3,000.000 | $99,300.00 |
| BAC | 060505104 | Bank of America Corporation | 1,700.000 | $75,395.00 |
| BRKL | 11373M107 | Brookline Bancorp, Inc. | 4,000.000 | $41,800.00 |
| CVX | 166764100 | Chevron Corportation | 1,200.000 | $101,400.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 1,700.000 | $76,806.00 |
| DD-BI | 44U99C548 | DU PONT CALL@45 2/16/08 | -17.000 | ($1,360.00) |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| EMIXX | 300250602 | Evergreen Select Mon ey Market Fund | 103,567.480 | $103,567.48 |
| GE | 369604103 | General Electric Company | 2,000.000 | $70,820.00 |
| GE-CS | 3DU99C697 | GE CALL @ 37.50 03/22/08 | -20.000 | ($700.00) |
| HON | 438516106 | Honeywell Internatio nal Inc. | 1,900.000 | $112,233.00 |
| HON-CL | 4FK99N581 | HONEYWELL CALL @ 60 3/22/08 | -19.000 | ($2,280.00) |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $82,238.00 |
| JNJ-DN | 83D99D071 | JNJ CALL @ 70.00 04/19/08 | -13.000 | ($195.00) |
| LBQXX | 52521A876 | Lehman Brothers Prime Portfolio | 103,567.480 | $103,567.48 |
| LLY | 532457108 | Eli Lilly & Company | 2,000.000 | $103,040.00 |
| MRK | 589331107 | Merck & Co., Inc. | 2,000.000 | $92,560.00 |
| MRK-DA | 84K99C339 | MRK CALL @ 62.50 04/19/08 | -20.000 | ($200.00) |
| PAYX | 704326107 | Paychex, Inc. | 2,500.000 | $81,800.00 |
| RRD | 257867101 | R.R. Donnelley & Son s Company | 2,500.000 | $87,225.00 |
| RTN | 755111507 | Raytheon Company | 2,000.000 | $130,280.00 |
| RTN-CM | 7TP993611 | RAYTHEON CALL @ 65 3/22/08 | -20.000 | ($4,460.00) |
| SON | 835495102 | Sonoco Products Company | 2,500.000 | $77,150.00 |
| T | 00206R102 | A T & T Inc | 3,000.000 | $115,470.00 |
| T-BH | 3X199B580 | T CALL @ 40.00 02/16/08 | -30.000 | ($630.00) |
| TKR | 887389104 | The Timken Company | 2,600.000 | $78,598.00 |
| TRV | 89417E109 | Travelers Group, Inc. | 2,000.000 | $96,200.00 |
| VZ | 92343V104 | Verizon Communications Inc. | 0.000 | $0.00 |
| WFC | 949746101 | Wells Fargo & Company | 3,100.000 | $105,431.00 |
| WMI | 94106L109 | Waste Management, INC. | 1,800.000 | $58,392.00 |
| Totals | 524,795.960 | $2,158,447.96 | ||