The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Company COM 88579y101 346 1,650 SH   SOLE   0 0 1,650
AFLAC, Inc. COM 001055102 268 3,295 SH   SOLE   0 0 3,295
AT&T Inc. COM 00206r102 7,093 181,078 SH   SOLE   0 0 181,078
Abbvie Inc COM 00287y109 23,185 260,917 SH   SOLE   0 0 260,917
Alphabet Inc. Class C COM 02079K107 13,685 14,268 SH   SOLE   0 0 14,268
American Express Co. COM 025816109 9,586 105,971 SH   SOLE   0 0 105,971
Amper SA madrid ORD F COM e04600198 19 77,664 SH   SOLE   0 0 77,664
Apple Computer COM 037833100 5,995 38,895 SH   SOLE   0 0 38,895
BB&T Corporation COM 054937107 15,387 327,798 SH   SOLE   0 0 327,798
Berkshire Hathaway - Class B COM 084670702 393 2,144 SH   SOLE   0 0 2,144
Bristol-Myers COM 110122108 1,146 17,974 SH   SOLE   0 0 17,974
CVS Health Corp. COM 126650100 21,510 264,510 SH   SOLE   0 0 264,510
Capital One Financial Corp. COM 14040h105 11,103 131,152 SH   SOLE   0 0 131,152
Chevron Corp. COM 166764100 17,145 145,911 SH   SOLE   0 0 145,911
Chubb Corp. (ACE) COM H1467J104 12,306 86,325 SH   SOLE   0 0 86,325
Cinedigm Corp COM 172406100 18 12,365 SH   SOLE   0 0 12,365
Cisco Systems Inc COM 17275R102 21,597 642,206 SH   SOLE   0 0 642,206
Coca-Cola Co. COM 191216100 3,424 76,069 SH   SOLE   0 0 76,069
Comcast Corp - Cl A COM 20030n101 645 16,771 SH   SOLE   0 0 16,771
Compugen Ltd COM M25722105 329 86,500 SH   SOLE   0 0 86,500
ConocoPhillips COM 20825c104 7,464 149,138 SH   SOLE   0 0 149,138
DDR Corp. COM 23317H102 220 24,000 SH   SOLE   0 0 24,000
Devon Energy Co. COM 25179m103 7,731 210,596 SH   SOLE   0 0 210,596
Eaton Corp. PLC F COM G29183103 24,163 314,668 SH   SOLE   0 0 314,668
Environmental Energy Service COM 29406q101 0 10,000 SH   SOLE   0 0 10,000
Exxon Mobil Corporation COM 30231g102 7,006 85,465 SH   SOLE   0 0 85,465
General Electric Co. COM 369604103 8,500 351,532 SH   SOLE   0 0 351,532
General Mills COM 370334104 6,837 132,090 SH   SOLE   0 0 132,090
Gilead Sciences Inc. COM 375558103 18,111 223,537 SH   SOLE   0 0 223,537
Goldman Sachs Group, Inc. COM 38141G104 231 976 SH   SOLE   0 0 976
Harley-Davidson Inc. COM 412822108 8,973 186,118 SH   SOLE   0 0 186,118
International Business Machine COM 459200101 3,059 21,088 SH   SOLE   0 0 21,088
J. P. Morgan Chase & Co. COM 46625H100 29,904 313,103 SH   SOLE   0 0 313,103
Johnson & Johnson COM 478160104 6,507 50,049 SH   SOLE   0 0 50,049
Johnson Controls Intl. PLC COM g51502105 12,046 298,991 SH   SOLE   0 0 298,991
Kimberly-Clark Corp. COM 494368103 6,751 57,364 SH   SOLE   0 0 57,364
Merck & Co., Inc. COM 58933Y105 9,472 147,926 SH   SOLE   0 0 147,926
MetLife Inc. COM 59156r108 22,682 436,611 SH   SOLE   0 0 436,611
Microsoft Corporation COM 594918104 26,131 350,799 SH   SOLE   0 0 350,799
Mondelez International Inc. COM 609207105 3,222 79,242 SH   SOLE   0 0 79,242
Morgan Stanley COM 617446448 8,784 182,359 SH   SOLE   0 0 182,359
Novartis AG-ADR COM 66987v109 286 3,334 SH   SOLE   0 0 3,334
Occidental Petroleum COM 674599105 14,374 223,864 SH   SOLE   0 0 223,864
Pepsico, Inc. COM 713448108 16,432 147,462 SH   SOLE   0 0 147,462
Pfizer Inc. COM 717081103 8,577 240,255 SH   SOLE   0 0 240,255
Procter & Gamble Co. COM 742718109 19,341 212,589 SH   SOLE   0 0 212,589
Psivida Corp COM 74440J101 45 37,500 SH   SOLE   0 0 37,500
Qualcomm COM 747525103 16,356 315,513 SH   SOLE   0 0 315,513
Royal Dutch Shell PLC CL B COM 780259107 8,692 138,983 SH   SOLE   0 0 138,983
Schlumberger Ltd. COM 806857108 10,662 152,839 SH   SOLE   0 0 152,839
Sorrento Therapeutics COM 83587F202 122 72,000 SH   SOLE   0 0 72,000
State Street Corp. COM 857477103 7,679 80,375 SH   SOLE   0 0 80,375
TE Connectivity Ltd. COM H84989104 14,628 176,112 SH   SOLE   0 0 176,112
Target Corp COM 87612e106 5,549 94,027 SH   SOLE   0 0 94,027
The Kraft Heinz Company COM 500754106 258 3,326 SH   SOLE   0 0 3,326
Thermo Fisher Scientific COM 883556102 12,689 67,068 SH   SOLE   0 0 67,068
Tiger X Medical Inc. COM 88677A104 105 226,071 SH   SOLE   0 0 226,071
United Parcel Service -Cl B COM 911312106 10,168 84,668 SH   SOLE   0 0 84,668
United Tech. Corp. COM 913017109 18,533 159,658 SH   SOLE   0 0 159,658
Verizon Communications COM 92343v104 8,590 173,573 SH   SOLE   0 0 173,573
Viacom Inc. Class B COM 92553p201 6,753 242,581 SH   SOLE   0 0 242,581
WPP Group PLC - Spons ADR COM 92937A102 2,686 28,942 SH   SOLE   0 0 28,942
Wal-Mart Stores Inc. COM 931142103 324 4,150 SH   SOLE   0 0 4,150
Wells Fargo and Company COM 949746101 26,411 478,892 SH   SOLE   0 0 478,892
Zimmer Biomet Holdings, Inc. COM 98956P102 13,156 112,355 SH   SOLE   0 0 112,355
Standard & Poor's 400 Mid-Cap COM 78467Y107 756 2,318 SH   SOLE   0 0 2,318
iShares Russell 2000 Index Fun COM 464287655 403 2,717 SH   SOLE   0 0 2,717
iShares MSCI EAFE Growth ETF COM 464288885 544 7,025 SH   SOLE   0 0 7,025