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      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PEABODY ENERGY CORP NOTE - 6.5</BondNm>
        <EOYBookValueAmt>104625</EOYBookValueAmt>
        <EOYFMVAmt>105250</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN CHASE VAR PEEP</BondNm>
        <EOYBookValueAmt>111900</EOYBookValueAmt>
        <EOYFMVAmt>110164</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SAFEWAY INC-04.75%-12/01/2021</BondNm>
        <EOYBookValueAmt>97753</EOYBookValueAmt>
        <EOYFMVAmt>100417</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO NTS - 7.980% - 02/</BondNm>
        <EOYBookValueAmt>114200</EOYBookValueAmt>
        <EOYFMVAmt>111500</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>ABBVIE INC.</StockNm>
        <EOYBookValueAmt>70934</EOYBookValueAmt>
        <EOYFMVAmt>94002</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANADARKO PETROLEUM CORP</StockNm>
        <EOYBookValueAmt>15101</EOYBookValueAmt>
        <EOYFMVAmt>15864</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASTRAZENECA</StockNm>
        <EOYBookValueAmt>80155</EOYBookValueAmt>
        <EOYFMVAmt>100929</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T CORP COM</StockNm>
        <EOYBookValueAmt>91299</EOYBookValueAmt>
        <EOYFMVAmt>87900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAXTER INTERNATIONAL INC.</StockNm>
        <EOYBookValueAmt>31135</EOYBookValueAmt>
        <EOYFMVAmt>33314</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BHP BILLITON LIMITED</StockNm>
        <EOYBookValueAmt>69189</EOYBookValueAmt>
        <EOYFMVAmt>68200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COACH INC</StockNm>
        <EOYBookValueAmt>38516</EOYBookValueAmt>
        <EOYFMVAmt>37046</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COCA-COLA CO</StockNm>
        <EOYBookValueAmt>37457</EOYBookValueAmt>
        <EOYFMVAmt>41723</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOW CHEMICAL PV</StockNm>
        <EOYBookValueAmt>49379</EOYBookValueAmt>
        <EOYFMVAmt>68820</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUKE ENERGY CO</StockNm>
        <EOYBookValueAmt>96969</EOYBookValueAmt>
        <EOYFMVAmt>103515</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EBAY INC.</StockNm>
        <EOYBookValueAmt>37897</EOYBookValueAmt>
        <EOYFMVAmt>38409</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EMC CORP-MASS</StockNm>
        <EOYBookValueAmt>55310</EOYBookValueAmt>
        <EOYFMVAmt>57594</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGIZER HOLDINGS INC</StockNm>
        <EOYBookValueAmt>31827</EOYBookValueAmt>
        <EOYFMVAmt>46002</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIFTH THIRD BANCORP</StockNm>
        <EOYBookValueAmt>19732</EOYBookValueAmt>
        <EOYFMVAmt>23343</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FREEPORT-MCMORAN COPPER &amp; GOLD</StockNm>
        <EOYBookValueAmt>38878</EOYBookValueAmt>
        <EOYFMVAmt>44533</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL ELECTRIC CO</StockNm>
        <EOYBookValueAmt>65246</EOYBookValueAmt>
        <EOYFMVAmt>84090</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP</StockNm>
        <EOYBookValueAmt>63408</EOYBookValueAmt>
        <EOYFMVAmt>72688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>43058</EOYBookValueAmt>
        <EOYFMVAmt>64328</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MCDONALD'S CORP</StockNm>
        <EOYBookValueAmt>53415</EOYBookValueAmt>
        <EOYFMVAmt>58218</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; CO INC.</StockNm>
        <EOYBookValueAmt>95488</EOYBookValueAmt>
        <EOYFMVAmt>100100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORPORATION</StockNm>
        <EOYBookValueAmt>48109</EOYBookValueAmt>
        <EOYFMVAmt>58921</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NATL OILWELL VARCO</StockNm>
        <EOYBookValueAmt>61100</EOYBookValueAmt>
        <EOYFMVAmt>66805</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PNC FINANCIAL GROUP INC.</StockNm>
        <EOYBookValueAmt>57488</EOYBookValueAmt>
        <EOYFMVAmt>64391</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUALCOMM INC</StockNm>
        <EOYBookValueAmt>50851</EOYBookValueAmt>
        <EOYFMVAmt>59400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROYAL DUTCH SHEL PLC SPONS</StockNm>
        <EOYBookValueAmt>37035</EOYBookValueAmt>
        <EOYFMVAmt>39808</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEADRILL LTD</StockNm>
        <EOYBookValueAmt>34278</EOYBookValueAmt>
        <EOYFMVAmt>35740</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHERN CO</StockNm>
        <EOYBookValueAmt>36922</EOYBookValueAmt>
        <EOYFMVAmt>34532</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TARGET CORPORATION</StockNm>
        <EOYBookValueAmt>65100</EOYBookValueAmt>
        <EOYFMVAmt>63270</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRANSOCEAN LTD.</StockNm>
        <EOYBookValueAmt>74374</EOYBookValueAmt>
        <EOYFMVAmt>69188</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNILEVER N V N Y</StockNm>
        <EOYBookValueAmt>39235</EOYBookValueAmt>
        <EOYFMVAmt>44253</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VODAFONE GROUP PLC</StockNm>
        <EOYBookValueAmt>79347</EOYBookValueAmt>
        <EOYFMVAmt>117931</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WILLIAMS COS</StockNm>
        <EOYBookValueAmt>60923</EOYBookValueAmt>
        <EOYFMVAmt>65569</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REGIONS FINANCIAL CORPORATION</StockNm>
        <EOYBookValueAmt>98934</EOYBookValueAmt>
        <EOYFMVAmt>88600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="InvLandSch2" />
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>19340</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>19340</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>80</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>80</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>State or Local Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>OUTSTANDING OPTIONS</Desc>
        <BOYBookValueAmt>1746</BOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Services</CategoryTxt>
        <Amt>12216</Amt>
        <NetInvestmentIncomeAmt>12216</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>990-PF Estimated Tax for 2013</CategoryTxt>
        <Amt>3100</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>990-PF Excise Tax for 2012</CategoryTxt>
        <Amt>441</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Tax Paid</CategoryTxt>
        <Amt>230</Amt>
        <NetInvestmentIncomeAmt>230</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>