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 4 278,110 4,322,500 X 4 4,322,500
1,303,934 20,266,300 X 4, 2, 5, 17 20,266,300
1,697,685 26,386,148 X 4, 14, 17 26,386,148
20,930 325,300 X 4, 3, 17, 19, 20, 21 325,300
584,670 9,087,200 X 4, 13, 17 9,087,200
50,957 792,000 X 4, 2, 5, 12, 17 792,000
36,995 575,000 X 4, 18 575,000
Kraft Foods
Inc. Com 50075N 10 4 2,538,377 89,222,400 X 4, 14, 17 89,222,400
875,984 30,790,300 X 4, 2, 5, 17 30,790,300
284,500 10,000,000 X 4, 3, 17, 19, 20, 21 10,000,000
7,391 259,800 X 4, 2, 5, 12, 17 259,800
227,600 8,000,000 X 4 8,000,000
Lowes Companies
Inc. Com 548661 10 7 145,250 7,000,000 X 4, 9, 10, 11, 14, 17 7,000,000
M & T Bank
Corporation Com 55261F 10 4 423,477 6,003,360 X 4, 14, 17 6,003,360
38,515 546,000 X 4, 9, 10, 11, 14, 17 546,000
11,688 165,700 X 4, 13, 17 165,700
Moody's Com 615369 10 5 1,111,744 32,280,600 X 4, 14, 17 32,280,600
541,376 15,719,400 X 4, 9, 10, 11, 14, 17 15,719,400
NRG Energy,
Inc. Com 629377 50 8 138,914 3,238,100 X 4, 9, 10, 11, 14, 17 3,238,100
Nike Inc. Com 654106 10 3 455,480 7,641,000 X 4, 9, 10, 11, 14, 17 7,641,000
Norfolk
Southern
Corp. Com 655844 10 8 121,141 1,933,000 X 4, 2, 5, 17 1,933,000
Procter &
Gamble Co. Com 742718 10 9 3,557,385 58,500,000 X 4, 14, 17 58,500,000
1,322,739 21,752,000 X 4, 2, 5, 17 21,752,000
379,454 6,240,000 X 4, 13, 17 6,240,000
435,065 7,154,500 X 4, 3, 17, 19, 20, 21 7,154,500
47,432 780,000 X 4, 15, 17 780,000
94,864 1,560,000 X 4, 7, 17 1,560,000
333,573 5,485,500 X 4, 9, 10, 11, 14, 17 5,485,500
266,044 4,375,000 X 4 4,375,000
Sanofi Aventis ADR 80105N 10 5 16,232 488,500 X 4, 9, 10, 11, 14, 17 488,500
96,238 2,896,133 X 4, 14, 17 2,896,133
5,626 169,300 X 4, 13, 17 169,300
11,631 350,000 X 4, 2, 5, 12, 17 350,000
Sun Trusts
Banks Inc. Com 867914 10 3 84,921 2,344,600 X 4, 14, 17 2,344,600
31,149 860,000 X 4, 2, 5, 17 860,000
Torchmark Corp. Com 891027 10 4 4,548 77,551 X 1, 4, 14, 17 77,551
26,377 449,728 X 4, 2, 5, 17 449,728
97,177 1,656,900 X 4, 14, 17 1,656,900
37,518 639,700 X 4, 13, 17 639,700
----------
17,742,691
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