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        <CapitalGainsAndLossesInfo>
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          <HowAcquired>P</HowAcquired>
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          <DateSold>2011-01-06</DateSold>
          <GrossSalesPrice>6271</GrossSalesPrice>
          <CostOrOtherBasis>2447</CostOrOtherBasis>
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        <CapitalGainsAndLossesInfo>
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          <HowAcquired>P</HowAcquired>
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          <GrossSalesPrice>6494</GrossSalesPrice>
          <CostOrOtherBasis>3748</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>2746</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>88-TEVA PHARMACEUTICAL INDUSTRIES LI</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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          <DateSold>2011-12-23</DateSold>
          <GrossSalesPrice>3664</GrossSalesPrice>
          <CostOrOtherBasis>4792</CostOrOtherBasis>
          <GainOrLoss>-1128</GainOrLoss>
          <GainsMinusExcessOrLosses>-1128</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2010-04-09</DateAcquired>
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          <GrossSalesPrice>12</GrossSalesPrice>
          <CostOrOtherBasis>14</CostOrOtherBasis>
          <GainOrLoss>-2</GainOrLoss>
          <GainsMinusExcessOrLosses>-2</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
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          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-01-19</DateAcquired>
          <DateSold>2011-07-28</DateSold>
          <GrossSalesPrice>51736</GrossSalesPrice>
          <CostOrOtherBasis>55263</CostOrOtherBasis>
          <GainOrLoss>-3527</GainOrLoss>
          <GainsMinusExcessOrLosses>-3527</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>265-U S BANCORP DEL</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-10-22</DateAcquired>
          <DateSold>2011-06-16</DateSold>
          <GrossSalesPrice>6335</GrossSalesPrice>
          <CostOrOtherBasis>7972</CostOrOtherBasis>
          <GainOrLoss>-1637</GainOrLoss>
          <GainsMinusExcessOrLosses>-1637</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>160-DANAHER CORPORATION</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-10-22</DateAcquired>
          <DateSold>2011-11-10</DateSold>
          <GrossSalesPrice>7750</GrossSalesPrice>
          <CostOrOtherBasis>4580</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>3170</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
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          <CostOrOtherBasis>8120</CostOrOtherBasis>
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        <CapitalGainsAndLossesInfo>
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          <GainsMinusExcessOrLosses>2224</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <BusinessHoldings>true</BusinessHoldings>
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        <JeopardyInvestments>false</JeopardyInvestments>
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        <InfluenceLegislation>false</InfluenceLegislation>
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          <Title>PRESIDENT</Title>
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        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
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      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
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        <TotalTax>1681</TotalTax>
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        <DistributableAmountBeforeDed>138530</DistributableAmountBeforeDed>
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          <RecipientUSAddress>
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            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
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          <SubmissionDeadlines>NONE</SubmissionDeadlines>
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            <ZIPCode>82801</ZIPCode>
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        <GrantOrContriPaidDuringYear>
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            <ZIPCode>82801</ZIPCode>
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          <RecipientRelationship>NONE</RecipientRelationship>
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          <PurposeOfGrantOrContribution>JANET FEDER SEMINAR</PurposeOfGrantOrContribution>
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            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
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          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>MUSIC DEP'T TECH ENSEMBLE</PurposeOfGrantOrContribution>
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            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
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            <State>WY</State>
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          <RecipientRelationship>NONE</RecipientRelationship>
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        </OtherRevenueDescribed>
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        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
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        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
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        <PersonName>JOHN A MEYER</PersonName>
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      <Compensation>
        <PersonName>MARY BETH EVERS</PersonName>
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      <Compensation>
        <PersonName>KAREN E NICOLARSEN</PersonName>
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      <Compensation>
        <PersonName>DAVID J NICOLARSEN</PersonName>
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      <Compensation>
        <PersonName>MICHAEL J EVERS</PersonName>
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      <Compensation>
        <PersonName>FREDERICK E KEHRWALD</PersonName>
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      <InvestmentsCorpBonds>
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      <InvestmentsCorpBonds>
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      <InvestmentsCorpBonds>
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      <InvestmentsCorpBonds>
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      <InvestmentsCorpBonds>
        <NameOfBond>5437.974-TEMPLETON GLOBAL BOND FUND</NameOfBond>
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      <InvestmentsCorpBonds>
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        <NameOfStock>BEGINNING OF YEAR</NameOfStock>
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      <InvestmentsCorpStock>
        <NameOfStock>434-ABBOTT LABORATORIES</NameOfStock>
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        <EOYFMV>24402</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>169-AIR PRODUCTS &amp; CHEMICALS</NameOfStock>
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      <InvestmentsCorpStock>
        <NameOfStock>95-APPLE COMPUTER INC</NameOfStock>
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        <EOYFMV>38475</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>240-BERKSHIRE HATHAWAY INC - CL B</NameOfStock>
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        <EOYFMV>18312</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>274-CATERPILLAR INC</NameOfStock>
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        <EOYFMV>24824</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>289-CHEVRON CORP</NameOfStock>
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        <EOYFMV>30750</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>1,201-CISCO SYSTEMS INC</NameOfStock>
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        <EOYFMV>21714</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>582-CITIGROUP INC</NameOfStock>
        <EOYBookValue>26489</EOYBookValue>
        <EOYFMV>15312</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>263-CONOCOPHILLIPS</NameOfStock>
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        <EOYFMV>19165</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>239-COSTCO WHOLESALE CORPORATION</NameOfStock>
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        <EOYFMV>19913</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>239-DEERE &amp; COMPANY</NameOfStock>
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        <EOYFMV>18487</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>493-DISNEY WALT CO HOLDINGS</NameOfStock>
        <EOYBookValue>12877</EOYBookValue>
        <EOYFMV>18488</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>323-DU PONT E I DE NEMOURS &amp; COMPANY</NameOfStock>
        <EOYBookValue>15661</EOYBookValue>
        <EOYFMV>14787</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,070-EMC CORPORATION</NameOfStock>
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        <EOYFMV>23048</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>390-EMERSON ELECTRIC COMPANY</NameOfStock>
        <EOYBookValue>13534</EOYBookValue>
        <EOYFMV>18170</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>397-EXELON CORPORATION</NameOfStock>
        <EOYBookValue>16266</EOYBookValue>
        <EOYFMV>17218</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>460-EXXON MOBIL CORPORATION</NameOfStock>
        <EOYBookValue>37937</EOYBookValue>
        <EOYFMV>38990</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>873-GENERAL ELECTRIC COMPANY</NameOfStock>
        <EOYBookValue>15645</EOYBookValue>
        <EOYFMV>15635</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>22-GOOGLE INC</NameOfStock>
        <EOYBookValue>10652</EOYBookValue>
        <EOYFMV>14210</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>318-ILLINOIS TOOL WORKS INC</NameOfStock>
        <EOYBookValue>13018</EOYBookValue>
        <EOYFMV>14854</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>578-INTEL CORPORATION</NameOfStock>
        <EOYBookValue>10090</EOYBookValue>
        <EOYFMV>14017</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>95-INTERNATIONAL BUSINESS MACHINES C</NameOfStock>
        <EOYBookValue>10552</EOYBookValue>
        <EOYFMV>17469</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>292-JOHNSON &amp; JOHNSON</NameOfStock>
        <EOYBookValue>17103</EOYBookValue>
        <EOYFMV>19149</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>528-JOHNSON CONTROLS INC</NameOfStock>
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        <EOYFMV>16505</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>571-JP MORGAN CHASE &amp; COMPANY</NameOfStock>
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        <EOYFMV>18986</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>407-KRAFT FOODS INC</NameOfStock>
        <EOYBookValue>12112</EOYBookValue>
        <EOYFMV>15206</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>500-LIMONEIRA COMPANY</NameOfStock>
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      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>265-MCDONALDS CORPORATION</NameOfStock>
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        <EOYFMV>26587</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>471-MERCK &amp; CO INC</NameOfStock>
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        <EOYFMV>17757</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>330-METLIFE INC</NameOfStock>
        <EOYBookValue>11473</EOYBookValue>
        <EOYFMV>10289</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>285-NEXTERA ENERGY INC</NameOfStock>
        <EOYBookValue>14726</EOYBookValue>
        <EOYFMV>17351</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>315-NORTHERN TRUST CORPORATION</NameOfStock>
        <EOYBookValue>18297</EOYBookValue>
        <EOYFMV>12493</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>722-ORACLE CORPORATION</NameOfStock>
        <EOYBookValue>12818</EOYBookValue>
        <EOYFMV>18519</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>366-PEABODY ENERGY CORPORATION</NameOfStock>
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        <EOYFMV>12118</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>313-PEPSICO INC</NameOfStock>
        <EOYBookValue>16528</EOYBookValue>
        <EOYFMV>20768</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>253-PHILIP MORRIS INTERNATIONAL</NameOfStock>
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        <EOYFMV>19855</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>438-PROCTER &amp; GAMBLE COMPANY</NameOfStock>
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        <EOYFMV>29219</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>364-QUALCOMM INC</NameOfStock>
        <EOYBookValue>13467</EOYBookValue>
        <EOYFMV>19911</EOYFMV>
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      <InvestmentsCorpStock>
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      <InvestmentsCorpStock>
        <NameOfStock>445-TARGET CORPORATION</NameOfStock>
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        <EOYFMV>22793</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>136-TIFFANY &amp; CO</NameOfStock>
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      <InvestmentsCorpStock>
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        <EOYFMV>13471</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>303-UNITEDHEALTH GROUP INC</NameOfStock>
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      <InvestmentsCorpStock>
        <NameOfStock>747-VERIZON COMMUNICATIONS</NameOfStock>
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        <EOYFMV>29970</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>542-WASTE MANAGEMENT INC</NameOfStock>
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        <EOYFMV>17729</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>208-BHP BILLITON LIMITED ADR</NameOfStock>
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        <EOYFMV>14691</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>340-TEVA PHARMACEUTICAL INDUSTRIES L</NameOfStock>
        <EOYBookValue>18313</EOYBookValue>
        <EOYFMV>13722</EOYFMV>
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      <InvestmentsCorpStock>
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        <EOYFMV>93499</EOYFMV>
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      <InvestmentsCorpStock>
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        <EOYFMV>79513</EOYFMV>
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      <InvestmentsCorpStock>
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      <InvestmentsCorpStock>
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      <InvestmentsCorpStock>
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        <EOYFMV>212213</EOYFMV>
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      <InvestmentsCorpStock>
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        <EOYFMV>189258</EOYFMV>
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      <InvestmentsCorpStock>
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        <CategoryOrItem>2.65936% INTEREST IN LIMCO DEL MAR</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>261891</BookValue>
        <EOYFMV>261891</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
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        <Category>LEGAL RE: LP</Category>
        <Amount>630</Amount>
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        <EOYBookValue>880</EOYBookValue>
        <EOYFMV>880</EOYFMV>
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      <OtherExpenses>
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        <DisbursementsCharitablePrps>466</DisbursementsCharitablePrps>
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      <OtherExpenses>
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        <RevenueAndExpensesPerBooks>200</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>100</NetInvestmentIncome>
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      <OtherExpenses>
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      <OtherExpenses>
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        <RevenueAndExpensesPerBooks>479</RevenueAndExpensesPerBooks>
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    <OtherIncomeSchedule2 documentId="RetDoc12">
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        <Description>LIMCO DEL MAR, LTD</Description>
        <RevenueAndExpensesPerBooks>6201</RevenueAndExpensesPerBooks>
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        <Category>INVESTMENT MANAGEMENT</Category>
        <Amount>19846</Amount>
        <NetInvestmentIncome>19760</NetInvestmentIncome>
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    </OtherProfessionalFeesSchedule>
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        <NetInvestmentIncome>46</NetInvestmentIncome>
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      <Taxes>
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      </Taxes>
      <Taxes>
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        <Amount>6940</Amount>
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    </TaxesSchedule>
  </ReturnData>
</Return>