Column 6
Column 4 Investment Discretion Column 8
Column 2 Market Column 5 --------------------- Voting Authority
Title Column 3 Value Shares or (b) (c) Column 7 --------------------------
Column 1 of CUSIP (In Principal (a) Shared- Shared- Other (a) (b) (c)
Name of Issuer Class Number Thousands) Amount $ Sole Defined Other Managers Sole Shared None
--------------- -------- ------------ ----------- ----------- ---- -------- ------- -------------------- ----------- ------ -------
Johnson &
Johnson Com 478160 10 4 288,311 4,322,500 X 4 4,322,500
1,351,762 20,266,300 X 4, 2, 5, 17 20,266,300
1,759,956 26,386,148 X 4, 14, 17 26,386,148
21,698 325,300 X 4, 3, 17, 19, 20, 21 325,300
606,116 9,087,200 X 4, 13, 17 9,087,200
52,826 792,000 X 4, 2, 5, 12, 17 792,000
38,352 575,000 X 4, 18 575,000
Kraft Foods
Inc. Com 50075N 10 4 2,757,698 84,514,200 X 4, 14, 17 84,514,200
966,494 29,619,800 X 4, 2, 5, 17 29,619,800
326,300 10,000,000 X 4, 3, 17, 19, 20, 21 10,000,000
8,477 259,800 X 4, 2, 5, 12, 17 259,800
261,040 8,000,000 X 4 8,000,000
Lowes Companies
Inc. Com 548661 10 7 158,340 7,000,000 X 4, 9, 10, 11, 14, 17 7,000,000
M & T Bank
Corporation Com 55261F 10 4 489,180 5,997,060 X 4, 14, 17 5,997,060
44,537 546,000 X 4, 9, 10, 11, 14, 17 546,000
13,516 165,700 X 4, 13, 17 165,700
Moody's Com 615369 10 5 1,152,417 32,280,600 X 4, 14, 17 32,280,600
561,183 15,719,400 X 4, 9, 10, 11, 14, 17 15,719,400
Nike Inc. Com 654106 10 3 490,858 7,641,000 X 4, 9, 10, 11, 14, 17 7,641,000
Norfolk
Southern
Corp. Com 655844 10 8 97,500 1,933,000 X 4, 2, 5, 17 1,933,000
Procter &
Gamble Co. Com 742718 10 9 4,295,070 58,500,000 X 4, 13, 17 58,500,000
1,597,032 21,752,000 X 4, 2, 5, 17 21,752,000
458,141 6,240,000 X 4, 13, 17 6,240,000
525,283 7,154,500 X 4, 3, 17, 19, 20, 21 7,154,500
57,268 780,000 X 4, 15, 17 780,000
114,535 1,560,000 X 4, 7, 17 1,560,000
402,745 5,485,500 X 4, 9, 10, 11, 14, 17 5,485,500
321,212 4,375,000 X 4 4,375,000
Sanofi Aventis ADR 80105N 10 5 22,241 488,500 X 4, 9, 10, 11, 14, 17 488,500
116,653 2,562,105 X 4, 14, 17 2,562,105
7,708 169,300 X 4, 13, 17 169,300
15,935 350,000 X 4, 2, 5, 12, 17 350,000
Sun Trusts
Banks Inc. Com 867914 10 3 146,514 2,344,600 X 4, 14, 17 2,344,600
53,741 860,000 X 4, 2, 5, 17 860,000
Torchmark Corp. Com 891027 10 4 4,694 77,551 X 1, 4, 14, 17 77,551
27,222 449,728 X 4, 2, 5, 17 449,728
100,292 1,656,900 X 4, 14, 17 1,656,900
38,721 639,700 X 4, 13, 17 639,700
----------
19,751,568
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