Portfolio Holdings as of 5/31/2010
| Ticker | Cusip | Description | Shares | Market Value |
| AA | 013817101 | Alcoa Inc. | 3,000.000 | $34,920.00 |
| BRKL | 11373M107 | Brookline Bancorp, Inc. | 4,000.000 | $39,840.00 |
| COP | 20825C104 | ConocoPhillips | 1,100.000 | $57,101.00 |
| CPSI | 205306103 | Computer Programs and Systems, Inc. | 1,600.000 | $68,816.00 |
| CVX | 166764100 | Chevron Corportation | 1,000.000 | $73,870.00 |
| DOW | 260543103 | Dow Chemical Company | 3,000.000 | $80,730.00 |
| EM050112 | EM050112 | Empire Corporation 05/01/12 | 275,000.000 | $275,000.00 |
| FMPXX | 316175207 | Fidelity Money Market Inst. Fund 59 | 0.000 | $0.00 |
| GE | 369604103 | General Electric Company | 2,000.000 | $32,760.00 |
| HD | 437076102 | The Home Depot, Inc. | 2,000.000 | $67,720.00 |
| JNJ | 478160104 | Johnson & Johnson | 1,300.000 | $75,803.00 |
| LLY | 532457108 | Eli Lilly & Company | 2,000.000 | $65,580.00 |
| MDT | 585055106 | Medtronic, Inc. | 2,000.000 | $78,340.00 |
| MRK | 58933Y105 | Merck & Co., Inc. | 2,000.000 | $67,440.00 |
| NUE | 670346105 | Nucor Corporation | 1,400.000 | $60,326.00 |
| OLN | 680665205 | Olin Corporation | 4,000.000 | $76,720.00 |
| PAYX | 704326107 | Paychex, Inc. | 2,500.000 | $71,350.00 |
| RSW | 78355W767 | Rydex Inverse 2x S&P 500 ETF | 1,000.000 | $55,770.00 |
| RTN | 755111507 | Raytheon Company | 2,000.000 | $104,820.00 |
| SDS | 74347R883 | UltraShort S&P500 ProShares | 2,300.000 | $79,085.50 |
| TRV | 89417E109 | Travelers Group, Inc. | 2,000.000 | $99,020.00 |
| WFC | 949746101 | Wells Fargo & Company | 3,100.000 | $88,939.00 |
| Totals | 318,300.000 | $1,653,950.50 | ||