Portfolio Holdings as of 2/28/2009
| Ticker | Cusip | Description | Shares | Market Value |
| AA | 013817101 | Alcoa Inc. | 3,000.000 | $18,690.00 |
| BAC | 060505104 | Bank of America Corporation | 1,700.000 | $6,715.00 |
| BRKL | 11373M107 | Brookline Bancorp, Inc. | 4,000.000 | $35,120.00 |
| BYO-CD | 5YJ99T539 | Bank of America Call @ 4.00 3/21/09 | -17.000 | ($1,394.00) |
| CAT | 149123101 | Caterpillar, Inc. | 1,500.000 | $36,915.00 |
| COP | 20825C104 | ConocoPhillips | 1,100.000 | $41,085.00 |
| COP-CI | 5W599P635 | ConocoPhillips Call @ 45.00 3/21/09 | -11.000 | ($165.00) |
| CVX | 166764100 | Chevron Corportation | 1,000.000 | $60,710.00 |
| DD | 263534109 | E.I. du Pont de Nemours | 2,000.000 | $37,520.00 |
| DD-DT | 2KX99L707 | DU PONT CALL @ 22.50 4/18/09 | -20.000 | ($500.00) |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| FMPXX | 316175207 | Fidelity Money Market Inst. Fund 59 | 24,058.110 | $24,058.11 |
| GE | 369604103 | General Electric Company | 2,000.000 | $17,020.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $65,000.00 |
| JNJ-DK | 4KW993375 | Johnson & Johnson Call @ 55 4/18/09 | -13.000 | ($897.00) |
| LLY | 532457108 | Eli Lilly & Company | 2,000.000 | $58,760.00 |
| LLY-CG | 3WB99T269 | ELI LILLY Call @ 35.00 3/21/09 | -20.000 | ($200.00) |
| MRK | 589331107 | Merck & Co., Inc. | 2,000.000 | $48,400.00 |
| MRK-DG | 5JM998393 | Merck Call @ 35 4/18/09 | -20.000 | ($100.00) |
| NUE | 670346105 | Nucor Corporation | 1,400.000 | $47,110.00 |
| NZQ-EB | 7HN99B603 | Patterson-UTI Energy Call @ 10 5/16/09 | -50.000 | ($3,250.00) |
| PAYX | 704326107 | Paychex, Inc. | 2,500.000 | $55,150.00 |
| PQX-CE | 71C99S124 | Paychex Inc. Call @ 25 3/21/2009 | -25.000 | ($375.00) |
| PTEN | 703481101 | Patterson-UTI Energy, Inc. | 5,000.000 | $42,950.00 |
| RTN | 755111507 | Raytheon Company | 2,000.000 | $79,940.00 |
| RTN-DT | 69P99Q276 | Raytheon Call @ 47.5 4/18/2009 | -20.000 | ($400.00) |
| SNA | 833034101 | Snap-On, Inc. | 2,000.000 | $47,180.00 |
| SNA-FF | 11P99K685 | Snap-On Inc. Call @ 30.00 6/20/09 | -20.000 | ($1,600.00) |
| SON | 835495102 | Sonoco Products Company | 2,500.000 | $48,175.00 |
| T | 00206R102 | A T & T Inc | 3,000.000 | $71,310.00 |
| TKR | 887389104 | The Timken Company | 3,000.000 | $36,540.00 |
| TRV | 89417E109 | Travelers Group, Inc. | 2,000.000 | $72,300.00 |
| TRV-CH | 7JJ990954 | Travelers Call @ 40 3/21/09 | -20.000 | ($1,640.00) |
| WFC | 949746101 | Wells Fargo & Company | 3,100.000 | $37,510.00 |
| Totals | 346,922.110 | $1,252,637.11 | ||