Column 6
Investment
Column 4 Discretion Column 8
Market Column 5 -------------------- Voting Authority
Column 2 Column 3 Value Shares or (b) (c) Column 7 --------------------------
Column 1 Title 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 4 280,401 4,322,500 X 4 4,322,500
1,314,675 20,266,300 X 4, 2, 5, 17 20,266,300
1,711,669 26,386,148 X 4, 14, 17 26,386,148
21,102 325,300 X 4, 3, 17, 19, 20, 21 325,300
589,487 9,087,200 X 4, 13, 17 9,087,200
51,377 792,000 X 4, 2, 5, 12, 17 792,000
37,300 575,000 X 4, 18 575,000
Kraft Foods Inc. Com 50075N 10 4 2,766,787 89,222,400 X 4, 14, 17 89,222,400
954,807 30,790,300 X 4, 2, 5, 17 30,790,300
310,100 10,000,000 X 4, 3, 17, 19, 20, 21 10,000,000
8,056 259,800 X 4, 2, 5, 12, 17 259,800
248,080 8,000,000 X 4 8,000,000
Lowes Companies
Inc. Com 548661 10 7 160,580 7,000,000 X 4, 9, 10, 11, 14, 17 7,000,000
M & T Bank
Corporation Com 55261F 10 4 483,150 6,003,360 X 4, 14, 17 6,003,360
43,942 546,000 X 4, 9, 10, 11, 14, 17 546,000
13,336 165,700 X 4, 13, 17 165,700
Moody's Com 615369 10 5 1,124,333 32,280,600 X 4, 14, 17 32,280,600
547,507 15,719,400 X 4, 9, 10, 11, 14, 17 15,719,400
Nike Inc. Com 654106 10 3 519,588 7,641,000 X 4, 9, 10, 11, 14, 17 7,641,000
Norfolk Southern
Corp. Com 655844 10 8 105,001 1,933,000 X 4, 2, 5, 17 1,933,000
Procter & Gamble
Co. Com 742718 10 9 4,099,095 58,500,000 X 4, 14, 17 58,500,000
1,524,163 21,752,000 X 4, 2, 5, 17 21,752,000
437,237 6,240,000 X 4, 13, 17 6,240,000
501,316 7,154,500 X 4, 3, 17, 19, 20, 21 7,154,500
54,655 780,000 X 4, 15, 17 780,000
109,309 1,560,000 X 4, 7, 17 1,560,000
384,369 5,485,500 X 4, 9, 10, 11, 14, 17 5,485,500
306,556 4,375,000 X 4 4,375,000
Sanofi Aventis ADR 80105N 10 5 18,338 488,500 X 4, 9, 10, 11, 14, 17 488,500
96,813 2,578,933 X 4, 14, 17 2,578,933
6,356 169,300 X 4, 13, 17 169,300
13,139 350,000 X 4, 2, 5, 12, 17 350,000
Sun Trusts Banks
Inc. Com 867914 10 3 129,281 2,344,600 X 4, 14, 17 2,344,600
47,420 860,000 X 4, 2, 5, 17 860,000
Torchmark Corp. Com 891027 10 4 4,662 77,551 X 1, 4, 14, 17 77,551
27,033 449,728 X 4, 2, 5, 17 449,728
99,596 1,656,900 X 4, 14, 17 1,656,900
38,452 639,700 X 4, 13, 17 639,700
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19,189,068
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