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

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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 1,923 17,590 SH   SOLE 1 17,590 0 0
AFLAC, Inc. COM 001055102 226 3,895 SH   SOLE 1 3,895 0 0
AT&T Inc. COM 00206r102 1,226 34,642 SH   SOLE 1 34,642 0 0
Air Products and Chemicals, In COM 009158106 1,068 11,668 SH   SOLE 1 11,668 0 0
American Express Co. COM 025816109 23,395 312,933 SH   SOLE 1 196,733 0 116,200
Apache COM 037411105 1,089 12,986 SH   SOLE 1 12,986 0 0
Archer Daniels Midland Co. COM 039483102 18,847 555,789 SH   SOLE 1 316,689 0 239,100
Automatic Data Processing COM 053015103 939 13,630 SH   SOLE 1 13,630 0 0
BB&T Corporation COM 054937107 22,275 657,465 SH   SOLE 1 421,165 0 236,300
Berkshire Hathaway - Class B COM 084670702 207 1,850 SH   SOLE 1 1,850 0 0
CSX Corp. COM 126408103 1,119 48,235 SH   SOLE 1 48,235 0 0
CVS Caremark Corp. COM 126650100 16,885 295,299 SH   SOLE 1 198,199 0 97,100
Capital One Finance Corp. COM 14040h105 2,056 32,740 SH   SOLE 1 32,740 0 0
Caterpillar Inc. COM 149123101 9,055 109,775 SH   SOLE 1 62,075 0 47,700
Chevron Corp. COM 166764100 22,960 194,017 SH   SOLE 1 124,917 0 69,100
Cisco Systems Inc COM 17275R102 23,224 954,361 SH   SOLE 1 539,361 0 415,000
Coca-Cola Co. COM 191216100 13,686 341,221 SH   SOLE 1 247,721 0 93,500
Comcast Corp. - Special Class COM 20030N200 2,809 70,820 SH   SOLE 1 70,820 0 0
Compugen Ltd COM 011768504 434 80,000 SH   SOLE 1 80,000 0 0
ConocoPhillips COM 20825c104 18,646 308,205 SH   SOLE 1 189,105 0 119,100
Consolidated Edison, Inc. COM 209115104 1,831 31,404 SH   SOLE 1 31,404 0 0
Corning Inc. COM 219350105 18,861 1,325,429 SH   SOLE 1 756,929 0 568,500
Devon Energy Co. COM 25179m103 18,715 360,744 SH   SOLE 1 208,444 0 152,300
Dominion Resources COM 25746U109 1,271 22,375 SH   SOLE 1 22,375 0 0
Duke Energy Corporation COM 26441c204 1,837 27,219 SH   SOLE 1 27,219 0 0
E.I. duPont de Nemours & Co. COM 263534109 9,535 181,615 SH   SOLE 1 124,215 0 57,400
Eaton Corp. PLC F COM 278058102 4,368 66,369 SH   SOLE 1 66,369 0 0
Emerson Electric Company COM 291011104 21,216 389,005 SH   SOLE 1 234,755 0 154,250
Exxon Mobil Corporation COM 30231g102 4,778 52,879 SH   SOLE 1 52,879 0 0
Friendfinder Networks Inc COM 358453306 9 32,650 SH   SOLE 1 32,650 0 0
General Electric Co. COM 369604103 3,561 153,564 SH   SOLE 1 153,564 0 0
General Mills COM 370334104 1,692 34,869 SH   SOLE 1 34,869 0 0
Hewlett-Packard Co. COM 428236103 6,019 242,687 SH   SOLE 1 148,687 0 94,000
Intel Corporation COM 458140100 2,034 83,941 SH   SOLE 1 83,941 0 0
International Business Machine COM 459200101 3,128 16,366 SH   SOLE 1 16,366 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE 1 110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 31,992 606,033 SH   SOLE 1 386,433 0 219,600
Johnson & Johnson COM 478160104 25,719 299,541 SH   SOLE 1 198,441 0 101,100
Johnson Controls Inc. COM 478366107 14,122 394,570 SH   SOLE 1 220,470 0 174,100
Kellogg Company COM 487836108 9,134 142,206 SH   SOLE 1 87,106 0 55,100
Kimberly-Clark Corp. COM 494368103 1,794 18,468 SH   SOLE 1 18,468 0 0
McDonald's Corp. COM 580135101 1,729 17,462 SH   SOLE 1 17,462 0 0
Merck & Co., Inc. COM 58933Y105 2,670 57,478 SH   SOLE 1 57,478 0 0
MetLife Inc. COM 59156r108 27,800 607,519 SH   SOLE 1 368,819 0 238,700
MicroIslet, Inc. COM 59507q106 0 39,000 SH   SOLE 1 39,000 0 0
Microsoft Corporation COM 594918104 25,526 738,907 SH   SOLE 1 454,207 0 284,700
Morgan Stanley COM 617446448 18,470 756,057 SH   SOLE 1 522,057 0 234,000
Occidental Petroleum COM 674599105 21,538 241,381 SH   SOLE 1 147,381 0 94,000
Oracle Corp. COM 68389X105 2,371 77,190 SH   SOLE 1 77,190 0 0
Pepsico, Inc. COM 713448108 13,285 162,425 SH   SOLE 1 106,625 0 55,800
Pfizer Inc. COM 717081103 1,933 69,024 SH   SOLE 1 69,024 0 0
Procter & Gamble Co. COM 742718109 23,187 301,166 SH   SOLE 1 195,666 0 105,500
Psivida Corp COM 74440J101 58 15,000 SH   SOLE 1 15,000 0 0
Royal Dutch Shell PLC CL B COM 780259107 2,199 33,188 SH   SOLE 1 33,188 0 0
Schlumberger Ltd. COM 806857108 22,668 316,334 SH   SOLE 1 192,334 0 124,000
Schwab (Charles) Corp COM 808513105 20,240 953,363 SH   SOLE 1 549,863 0 403,500
Southwestern Energy Company COM 845467109 1,434 39,265 SH   SOLE 1 39,265 0 0
State Street Corp. COM 857477103 26,534 406,899 SH   SOLE 1 229,974 0 176,925
TE Connectivity Ltd. COM H84989104 19,342 424,724 SH   SOLE 1 241,424 0 183,300
Teva Pharma Inds ADR COM 881624209 17,454 445,259 SH   SOLE 1 255,159 0 190,100
Thermo Fisher Scientific COM 883556102 15,765 186,287 SH   SOLE 1 120,787 0 65,500
Tidewater Inc. COM 886423102 21,852 383,570 SH   SOLE 1 219,570 0 164,000
Time Warner Cable COM 88732J207 2,646 23,524 SH   SOLE 1 23,524 0 0
Time Warner Inc COM 887317303 3,087 53,396 SH   SOLE 1 53,396 0 0
Trunity Holdings, Inc. COM 898183108 42 71,429 SH   SOLE 1 71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 1,870 46,227 SH   SOLE 1 46,227 0 0
United Parcel Service -Cl B COM 911312106 3,611 41,754 SH   SOLE 1 41,754 0 0
United Tech. Corp. COM 913017109 2,447 26,330 SH   SOLE 1 26,330 0 0
Wal-Mart Stores Inc. COM 931142103 452 6,070 SH   SOLE 1 6,070 0 0
Wells Fargo and Company COM 949746101 30,653 742,744 SH   SOLE 1 468,044 0 274,700
Winston Pharmaceuticals COM 975657107 1 10,115 SH   SOLE 1 10,115 0 0
Zimmer Holdings Inc. COM 98956P102 21,577 287,922 SH   SOLE 1 169,922 0 118,000
E-Kong Group Ltd. COM G2952Q109 1 12,500 SH   SOLE 1 12,500 0 0
Enviornmental Energy Service COM 29406q101 0 10,000 SH   SOLE 1 10,000 0 0