TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
THE SHANNON FOUNDATION INC
C/O MARY BETH GRENNER CPA LLC

Number and street (or P.O. box number if mail is not delivered to street address)104 COLONY PARK DRIVEROOM/SUITE 100Room/suite

City or town, state, and ZIP code
CUMMING, GA30040

A Employer identification number

58-2309103

B Telephone number (see page 10 of the instructions)

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$5,792,314J Accounting method: Cash Accrual
Other (specify)MODIFIED CASH
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	9,270
2	Check
3	Interest on savings and temporary cash investments	2,110		2,110
4	Dividends and interest from securities......	96,876		96,876
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-411,476
b	Gross sales price for all assets on line 6a 1,406,502
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		34,682	162
12	Total. Add lines 1 through 11........	-268,538		99,148
13	Compensation of officers, directors, trustees, etc.	36,111
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		500		500
c	Other professional fees (attach schedule)....
17	Interest...............	117			117
18	Taxes (attach schedule) (see page 14 of the instructions)		5,359	1,730
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		26,472	25,737	695
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	68,559		27,467	1,312
25	Contributions, gifts, grants paid........	591,569			591,569
26	Total expenses and disbursements. Add lines 24 and 25	660,128		27,467	592,881
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-928,666
b	Net investment income (if negative, enter -0-)			71,681
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	5,562,726	190,951	190,951
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule) 480
		Less: allowance for doubtful accounts	5,102	480	480
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	3,430	2,713	2,713
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	1,615,224	4,273,112	3,799,279
	c	Investments—corporate bonds (attach schedule)........		1,793,385	1,798,891
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,186,482	6,260,641	5,792,314
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )		2,825
	23	Total liabilities (add lines 17 through 22)..........		2,825
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	7,186,482	6,257,816
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	7,186,482	6,257,816
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	7,186,482	6,260,641

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	7,186,482
2	Enter amount from Part I, line 27a.....................	2	-928,666
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	6,257,816
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	6,257,816

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ABB LTD SPONSORED ADR CMN	P	2011-03-24	2011-12-02
b	AMERIPRISE FINANCIAL, INC. CMN	P	2011-03-21	2011-11-08
c	BAYER AG-SPONSORED ADR SPONSORED ADR	P	2011-03-24	2011-06-24
d	BHP BILLITON LTD SPONSORED ADR CMN	P	2011-03-24	2011-10-05
e	CEMEX, S.A.B DE C.V. SPONSORED ADR C	P	2011-03-24	2011-10-10
	CITRIX SYSTEMS INC CMN	P	2011-03-22	2011-10-21
	COMPANHIA DE SANEAMENTO BASICO DO ES	P	2011-03-24	2011-04-26
	DEAN FOODS COMPANY NEW CMN	P	2011-03-24	2011-12-22
	DRIL-QUIP, INC. CMN	P	2011-06-06	2011-11-11
	EMERSON ELECTRIC CO. CMN	P	2011-03-18	2011-07-22
	EXELON CORPORATION CMN	P	2011-03-24	2011-07-26
	FRESENIUS MEDICAL CARE AG & CO KGAA	P	2011-03-24	2011-12-02
	IMPERIAL TOBACCO GROUP PLC SPON ADR	P	2011-03-24	2011-08-02
	KEPPEL CORP LTD (ADR) SPONSORED ADR	P	2011-03-24	2011-12-02
	KROGER COMPANY CMN	P	2011-03-24	2011-04-26
	MICROSOFT CORPORATION CMN	P	2011-03-24	2011-09-08
	NALCO HOLDING COMPANY CMN	P	2011-03-21	2011-07-20
	NIDEC CORP SPONSORED ADR	P	2011-03-24	2011-04-12
	ONEOK INC CMN	P	2011-03-21	2011-06-27
	POLYCOM INC CMN	P	2011-03-23	2011-10-20
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-08
	SHARP CORP (ADR) ADR CMN	P	2011-03-24	2011-06-16
	SOUTHWESTERN ENERGY CO. CMN	P	2011-03-18	2011-08-30
	SUMITOMO MITSUI TRUST HOLDINGS SPONS	P	2011-04-06	2011-08-04
	THE BANK OF NY MELLON CORP CMN	P	2011-03-18	2011-06-28
	TYSON FOODS INC CL-A CMN CLASS A	P	2011-04-06	2011-05-03
	VOLVO AKTIEBOLAGET ADR B ADR CMN CLA	P	2011-03-24	2011-12-21
	WEBMD HEALTH CORP. CMN	P	2011-03-22	2011-09-26
	ADIDAS AG ADR CMN	P	2011-03-24	2011-12-02
	AMGEN INC. CMN	P	2011-03-24	2011-05-09
	BAYER AG-SPONSORED ADR SPONSORED ADR	P	2011-03-24	2011-11-03
	BHP BILLITON LTD SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	CEMEX, S.A.B DE C.V. SPONSORED ADR C	P	2011-04-06	2011-10-10
	CITRIX SYSTEMS INC CMN	P	2011-03-23	2011-10-21
	COMPASS GROUP PLC SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	DENSO CORP ADR ADR CMN	P	2011-03-24	2011-12-02
	DRIL-QUIP, INC. CMN	P	2011-06-06	2011-11-11
	EMERSON ELECTRIC CO. CMN	P	2011-03-22	2011-07-22
	EXELON CORPORATION CMN	P	2011-05-02	2011-10-03
	GAZPROM ADR SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	IMPERIAL TOBACCO GROUP PLC SPON ADR	P	2011-03-24	2011-12-02
	KINGFISHER PLC SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	L'OREAL CO (ADR) ADR CMN	P	2011-09-12	2011-12-02
	MICROSOFT CORPORATION CMN	P	2011-04-06	2011-09-14
	NALCO HOLDING COMPANY CMN	P	2011-03-21	2011-12-08
	NIDEC CORP SPONSORED ADR	P	2011-03-24	2011-06-03
	ONEOK INC CMN	P	2011-03-24	2011-09-29
	POLYCOM INC CMN	P	2011-03-23	2011-10-21
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-13
	SHAW GROUP INC CMN	P	2011-04-06	2011-04-14
	SOUTHWESTERN ENERGY CO. CMN	P	2011-03-22	2011-08-30
	SUMITOMO TRUST & BANKING CO SPON ADR	P	2011-03-29	2011-03-29
	TNT EXPRESS N V ADR CMN	P	2011-08-30	2011-08-30
	UNILEVER N.V. NY SHS (NEW) ADR CMN	P	2011-03-24	2011-12-02
	WAL MART STORES INC CMN	P	2011-03-24	2011-08-10
	WEBMD HEALTH CORP. CMN	P	2011-06-09	2011-09-26
	AETNA INC CMN	P	2011-03-24	2011-05-03
	ANGLOGOLD ASHANTI LIMITED SPONSORED	P	2011-03-24	2011-08-22
	BAYER AG-SPONSORED ADR SPONSORED ADR	P	2011-03-24	2011-11-04
	BIOGEN IDEC INC. CMN	P	2011-03-18	2011-04-21
	CENOVUS ENERGY INC. CMN	P	2011-03-24	2011-12-02
	CITRIX SYSTEMS INC CMN	P	2011-07-12	2011-10-21
	COMPUTER SCIENCES CORP CMN	P	2011-03-21	2011-05-26
	DEUTSCHE TELEKOM AG SPONSORED ADR CM	P	2011-03-24	2011-04-27
	DRIL-QUIP, INC. CMN	P	2011-05-17	2011-11-11
	ENCANA CORPORATION CMN	P	2011-03-24	2011-08-08
	EXELON CORPORATION CMN	P	2011-04-06	2011-10-03
	GLAXOSMITHKLINE PLC SPONSORED ADR CM	P	2011-11-02	2011-12-02
	INDUSTRIAL & COMMERCIAL BANK O ADR C	P	2011-03-24	2011-10-07
	KIRIN HOLDINGS COMPANY, LIMITE SPONS	P	2011-04-06	2011-06-06
	LIFE TECHNOLOGIES CORPORATION CMN	P	2011-03-23	2011-06-09
	MICROSOFT CORPORATION CMN	P	2011-03-31	2011-09-14
	NALCO HOLDING COMPANY CMN	P	2011-03-24	2011-12-08
	NIDEC CORP SPONSORED ADR	P	2011-03-24	2011-12-02
	ONEOK INC CMN	P	2011-03-21	2011-09-29
	POLYUS GOLD INTERNATIONAL LIMI SPONS	P	2011-04-13	2011-07-26
	REED ELSEVIER GROUP PLC SPONSORED AD	P	2011-03-24	2011-12-02
	SHAW GROUP INC CMN	P	2011-03-31	2011-04-14
	ST BARBARA MINES LTD SPONSORED ADR C	P	2011-05-20	2011-10-12
	SUMITOMO TRUST & BANKING CO SPON ADR	P	2011-03-25	2011-04-01
	TOTAL SA SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	P	2011-03-21	2011-08-05
	DISALLOWED LOSS	P	2011-03-24	2011-08-10
	WEBMD HEALTH CORP. CMN	P	2011-03-23	2011-09-26
	AETNA INC CMN	P	2011-03-24	2011-09-14
	APPLE, INC. CMN	P	2011-03-21	2011-10-11
	BAYERISCHE MOTOREN WERKE AKTIE ADR C	P	2011-03-24	2011-04-28
	BIOGEN IDEC INC. CMN	P	2011-03-22	2011-04-21
	CENTRICA PLC SPONSORED ADR CMN	P	2011-03-24	2011-09-23
	CNOOC LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	COMPUTER SCIENCES CORP CMN	P	2011-03-24	2011-05-26
	DEUTSCHE TELEKOM AG SPONSORED ADR CM	P	2011-04-06	2011-04-27
	DRIL-QUIP, INC. CMN	P	2011-06-07	2011-11-11
	ENDURANCE SPECIALTY HLDGS LTD CMN	P	2011-06-07	2011-11-28
	FANUC CORP UNSPONSORED ADR CMN	P	2011-03-24	2011-07-27
	GOLD FIELDS LTD SPONSORED ADR CMN	P	2011-03-24	2011-08-22
	INDUSTRIAL & COMMERCIAL BANK O ADR C	P	2011-03-24	2011-12-02
	KIRIN HOLDINGS COMPANY, LIMITE SPONS	P	2011-03-24	2011-06-06
	LIFE TECHNOLOGIES CORPORATION CMN	P	2011-03-22	2011-06-09
	MICROSOFT CORPORATION CMN	P	2011-04-06	2011-10-12
	NATIONAL OILWELL VARCO, INC. COMMON	P	2011-03-21	2011-11-16
	NIELSEN HOLDINGS B.V. CMN	P	2011-03-22	2011-07-12
	ONEOK INC CMN	P	2011-03-24	2011-09-30
	PUBLICIS GROUPE SA SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	ROCHE HOLDING AG ADR B SHS(NOM CHF 1	P	2011-03-24	2011-12-02
	SHAW GROUP INC CMN	P	2011-07-20	2011-12-08
	ST BARBARA MINES LTD SPONSORED ADR C	P	2011-05-19	2011-10-12
	SUMITOMO TRUST & BANKING CO SPON ADR	P	2011-03-28	2011-04-01
	TOYOTA MOTOR CORPORATION SPON ADR	P	2011-03-24	2011-12-02
	VARIAN SEMICONDUCTOR EQUIPMENT ASSOC	P	2011-03-24	2011-08-05
	WAL MART STORES INC CMN	P	2011-03-24	2011-11-28
	WEST JAPAN RAILWAY CO. UNSPONSORED A	P	2011-03-24	2011-08-23
	AETNA INC CMN	P	2011-04-06	2011-09-14
	AXIS CAPITAL HOLDINGS, LTD. CMN	P	2011-04-08	2011-11-07
	BAYERISCHE MOTOREN WERKE AKTIE ADR C	P	2011-03-24	2011-08-03
	BNP PARIBAS SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	CENTRICA PLC SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	COCA-COLA AMATIL LIMITED SPONSORED A	P	2011-03-24	2011-12-02
	CONCHO RESOURCES INC. CMN	P	2011-03-22	2011-07-12
	DEVON ENERGY CORPORATION (NEW) CMN	P	2011-10-03	2011-10-11
	E.I. DU PONT DE NEMOURS AND CO CMN	P	2011-03-21	2011-07-25
	ERICSSON AMERICAN ADR CMN CLASS B	P	2011-03-24	2011-12-02
	FANUC CORP UNSPONSORED ADR CMN	P	2011-03-24	2011-07-26
	GOLD FIELDS LTD SPONSORED ADR CMN	P	2011-03-24	2011-11-01
	INFOSYS LTD SPONSORED ADR CMN -	P	2011-03-24	2011-07-13
	KIRIN HOLDINGS COMPANY, LIMITE SPONS	P	2011-04-06	2011-06-17
	LOCKHEED MARTIN CORPORATION CMN	P	2011-03-24	2011-06-17
	MOLYCORP, INC. CMN	P	2011-03-22	2011-05-10
	NESTLE SA SPONSORED ADR (REP 1/20 CH	P	2011-04-06	2011-06-29
	NIPPON TELEG & TEL SPON ADR SPONSORE	P	2011-03-24	2011-05-13
	PEPSICO INC CMN	P	2011-03-22	2011-07-26
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-05-27
	ROYAL DUTCH SHELL PLC SPONSORED ADR	P	2011-03-24	2011-12-02
	SHIRE LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-04-20
	ST BARBARA MINES LTD SPONSORED ADR C	P	2011-05-20	2011-10-17
	SUNCOR ENERGY INC. CMN	P	2011-07-11	2011-12-02
	TOYOTA MOTOR CORPORATION SPON ADR	P	2011-03-24	2011-12-14
	VIACOM INC CMN CLASS B	P	2011-03-22	2011-08-29
	WAL MART STORES INC CMN	P	2011-04-06	2011-12-07
	WEST JAPAN RAILWAY CO. UNSPONSORED A	P	2011-04-06	2011-10-04
	AETNA INC CMN	P	2011-04-06	2011-10-24
	AXIS CAPITAL HOLDINGS, LTD. CMN	P	2011-03-25	2011-11-07
	BAYERISCHE MOTOREN WERKE AKTIE ADR C	P	2011-03-24	2011-11-03
	BRAMBLES LIMITED UNSPONSORED ADR CMN	P	2011-06-16	2011-12-02
	CGI GROUP INC CMN CLASS A	P	2011-05-09	2011-12-02
	COCA-COLA HELLENIC BOTTLING CO SPONS	P	2011-03-24	2011-12-02
	CONOCOPHILLIPS CMN	P	2011-04-06	2011-12-13
	DEVON ENERGY CORPORATION (NEW) CMN	P	2011-10-03	2011-11-03
	EAST JAPAN RAILWAY COMPANY UNSPONSOR	P	2011-03-25	2011-08-24
	EVEREST RE GROUP LTD CMN	P	2011-03-21	2011-03-28
	FANUC CORP UNSPONSORED ADR CMN	P	2011-03-24	2011-08-08
	GREEN MNTN COFFEE ROASTERS INC CMN	P	2011-10-04	2011-10-25
	INFOSYS LTD SPONSORED ADR CMN -	P	2011-03-24	2011-12-02
	KIRIN HOLDINGS COMPANY, LIMITE SPONS	P	2011-04-06	2011-06-20
	LOCKHEED MARTIN CORPORATION CMN	P	2011-03-24	2011-09-19
	MOLYCORP, INC. CMN	P	2011-03-22	2011-05-10
	NESTLE SA SPONSORED ADR (REP 1/20 CH	P	2011-03-24	2011-06-29
	NIPPON TELEG & TEL SPON ADR SPONSORE	P	2011-03-24	2011-07-21
	PETROLEO BRASILEIRO S.A. - PET SPONS	P	2011-03-24	2011-07-11
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-22	2011-05-23
	SANOFI-AVENTIS 1.625% 03/28/2014 SR	P	2011-03-29	2011-08-31
	SHIRE LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-05-16
	STAPLES, INC. CMN	P	2011-03-18	2011-08-09
	SWEDBANK A B ADR CMN	P	2011-03-24	2011-12-02
	TRANSCANADA CORP CMN	P	2011-03-24	2011-12-02
	VIACOM INC CMN CLASS B	P	2011-03-23	2011-10-03
	WAL MART STORES INC CMN	P	2011-03-24	2011-12-07
	WEST JAPAN RAILWAY CO. UNSPONSORED A	P	2011-03-24	2011-10-04
	AGCO CORP CMN	P	2011-03-24	2011-04-21
	BANCO BRADESCO S.A. ADR CMN	P	2011-03-24	2011-12-02
	BAYERISCHE MOTOREN WERKE AKTIE ADR C	P	2011-03-24	2011-12-29
	BRITISH AMERICAN TOBACCO PLC SPONS A	P	2011-03-24	2011-12-02
	CHARLES SCHWAB CORPORATION CMN	P	2011-03-18	2011-12-02
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-04-11
	CONOCOPHILLIPS CMN	P	2011-08-30	2011-12-13
	DICKS SPORTING GOODS INC CMN	P	2011-03-22	2011-07-12
	ECOLAB INC CMN	P	2011-03-22	2011-03-31
	DISALLOWED LOSS	P	2011-03-21	2011-03-28
	FANUC CORP UNSPONSORED ADR CMN	P	2011-03-24	2011-08-09
	GREEN MNTN COFFEE ROASTERS INC CMN	P	2011-10-12	2011-10-25
	INGRAM MICRO INC. CLASS A COMMON STO	P	2011-11-21	2011-12-05
	KOMATSU LTD ADR (NEW) SPONSORED GDS	P	2011-03-24	2011-07-07
	LOCKHEED MARTIN CORPORATION CMN	P	2011-04-06	2011-10-14
	MOLYCORP, INC. CMN	P	2011-03-22	2011-05-10
	NESTLE SA SPONSORED ADR (REP 1/20 CH	P	2011-03-24	2011-09-01
	NIPPON TELEG & TEL SPON ADR SPONSORE	P	2011-04-06	2011-10-10
	PHILIPPINE LONG DISTANCE TEL SPON AD	P	2011-03-25	2011-08-11
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-22	2011-05-24
	SAP AG (SPON ADR)	P	2011-03-24	2011-12-02
	SHIRE LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-07-07
	STAPLES, INC. CMN	P	2011-03-22	2011-08-09
	SYNGENTA AG SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	TREND MICRO INCORPORATED SPONSORED A	P	2011-03-24	2011-07-06
	VIACOM INC CMN CLASS B	P	2011-03-22	2011-10-03
	WAL MART STORES INC CMN	P	2011-03-24	2011-12-07
	WESTERN DIGITAL CORP CMN	P	2011-04-06	2011-12-06
	AIRGAS INC CMN	P	2011-03-22	2011-07-12
	BANK OF AMERICA CORP CMN	P	2008-09-15	2011-03-18
	BEST BUY CO INC CMN SERIES	P	2011-04-01	2011-10-10
	BROOKFIELD ASSET MANAGEMENT IN CMN	P	2011-03-22	2011-10-12
	CHARLES SCHWAB CORPORATION CMN	P	2011-03-22	2011-12-02
	DISALLOWED LOSS	P	2011-03-22	2011-04-11
	CONOCOPHILLIPS CMN	P	2011-03-24	2011-03-31
	DISALLOWED LOSS	P	2011-03-22	2011-07-12
	ECOLAB INC CMN	P	2011-03-21	2011-12-08
	EVEREST RE GROUP LTD CMN	P	2011-03-21	2011-03-30
	FANUC CORP UNSPONSORED ADR CMN	P	2011-03-24	2011-12-02
	GRUPO TELEVISA, S.A. GDS REP 5 CPO'S	P	2011-03-24	2011-04-11
	INTERNATIONAL POWER PLC SPONSORED AD	P	2011-03-24	2011-06-22
	KOMATSU LTD ADR (NEW) SPONSORED GDS	P	2011-03-24	2011-12-02
	LOCKHEED MARTIN CORPORATION CMN	P	2011-03-24	2011-10-14
	MOLYCORP, INC. CMN	P	2011-03-22	2011-05-10
	NESTLE SA SPONSORED ADR (REP 1/20 CH	P	2011-03-24	2011-12-02
	NIPPON TELEG & TEL SPON ADR SPONSORE	P	2011-03-24	2011-10-10
	PHILIPPINE LONG DISTANCE TEL SPON AD	P	2011-03-25	2011-08-10
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-22	2011-05-26
	SCHLUMBERGER LTD CMN	P	2011-03-22	2011-04-06
	SHIRE LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-09-08
	STATOILHYDRO ASA SPONSORED ADR CMN	P	2011-03-24	2011-03-29
	DISALLOWED LOSS	P	2011-03-24	2011-12-02
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-21	2011-04-04
	VIACOM INC CMN CLASS B	P	2011-07-12	2011-10-03
	WAL MART STORES INC CMN	P	2011-04-06	2011-12-22
	WESTERN DIGITAL CORP CMN	P	2011-09-08	2011-12-06
	AMAZON.COM INC CMN	P	2011-03-22	2011-07-12
	BANK OF AMERICA CORP CMN	P	2007-10-18	2011-03-18
	BEST BUY CO INC CMN SERIES	P	2011-04-06	2011-10-20
	BUNZL PLC SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	CHARLES SCHWAB CORPORATION CMN	P	2011-03-22	2011-12-09
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-04-12
	COSTCO WHOLESALE CORPORATION CMN	P	2011-03-22	2011-06-28
	DISCOVERY COMMUNICATIONS, INC. CMN S	P	2011-03-22	2011-07-12
	EDWARDS LIFESCIENCES CORP CMN	P	2011-03-22	2011-03-31
	EVEREST RE GROUP LTD CMN	P	2011-03-21	2011-03-30
	FOREST LABORATORIES INC CMN	P	2011-03-24	2011-05-20
	GRUPO TELEVISA, S.A. GDS REP 5 CPO'S	P	2011-03-24	2011-12-02
	INTERNATIONAL POWER PLC SPONSORED AD	P	2011-03-24	2011-08-16
	KONINKLIJKE AHOLD N.V. SPONSORED ADR	P	2011-03-24	2011-12-02
	LOCKHEED MARTIN CORPORATION CMN	P	2011-04-06	2011-12-29
	MOLYCORP, INC. CMN	P	2011-03-23	2011-05-11
	NETFLIX COM INC CMN	P	2011-08-22	2011-09-16
	NOVARTIS AG-ADR SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	PHILIPPINE LONG DISTANCE TEL SPON AD	P	2011-04-06	2011-08-11
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-22	2011-05-26
	SERVICE CORP INTERNATL CMN	P	2011-03-21	2011-07-01
	SHIRE LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	DISALLOWED LOSS	P	2011-03-24	2011-03-29
	TAIWAN SEMICONDUCTOR MFG ADS LTD ADS	P	2011-03-24	2011-07-15
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-21	2011-05-13
	VIMPELCOM LIMITED SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	WARNACO GROUP INC. CMN	P	2011-03-21	2011-04-04
	WESTERN DIGITAL CORP CMN	P	2011-03-24	2011-12-06
	AMERICA MOVIL SAB DE CV SPONSORED AD	P	2011-03-24	2011-06-07
	BANK OF AMERICA CORP CMN	P	2011-03-22	2011-08-09
	BEST BUY CO INC CMN SERIES	P	2011-04-01	2011-10-20
	CANADIAN NATIONAL RAILWAY CO. CMN	P	2011-03-24	2011-12-02
	CHESAPEAKE ENERGY CORPORATION CMN	P	2011-03-24	2011-08-02
	DISALLOWED LOSS	P	2011-03-22	2011-04-12
	CREDIT SUISSE GROUP SPON ADR SPONSOR	P	2011-09-12	2011-10-28
	DISCOVERY COMMUNICATIONS, INC. CMN S	P	2011-03-22	2011-10-12
	DISALLOWED LOSS	P	2011-03-22	2011-03-31
	EVEREST RE GROUP LTD CMN	P	2011-03-21	2011-03-29
	FOREST LABORATORIES INC CMN	P	2011-04-06	2011-06-15
	HESS CORPORATION CMN	P	2011-10-03	2011-10-11
	INTERNATIONAL POWER PLC SPONSORED AD	P	2011-03-24	2011-12-02
	KONINKLIJKE KPN N.V. SPONSORED ADR C	P	2011-03-24	2011-04-28
	MEMC ELECTRONIC MATERIAL COMMON STOC	P	2011-03-21	2011-11-03
	MOLYCORP, INC. CMN	P	2011-03-22	2011-05-11
	DISALLOWED LOSS	P	2011-08-22	2011-09-16
	NOVARTIS AG-ADR SPONSORED ADR CMN	P	2011-03-24	2011-12-20
	PNC FINANCIAL SERVICES GROUP CMN	P	2011-03-21	2011-08-19
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-22	2011-05-27
	SERVICE CORP INTERNATL CMN	P	2011-03-24	2011-07-07
	SINGAPORE TELECOMMUNICATNS LTD SPONS	P	2011-03-24	2011-06-17
	STATOILHYDRO ASA SPONSORED ADR CMN	P	2011-03-24	2011-12-22
	TAIWAN SEMICONDUCTOR MFG ADS LTD ADS	P	2011-03-24	2011-12-02
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-21	2011-05-16
	VISA INC. CMN CLASS A	P	2011-03-22	2011-10-04
	WARNACO GROUP INC. CMN	P	2011-03-21	2011-04-26
	WORLEYPARSONS LIMITED UNSPONOSRED AD	P	2011-05-18	2011-12-02
	AMERICA MOVIL SAB DE CV SPONSORED AD	P	2011-03-24	2011-12-02
	BANK OF AMERICA CORP CMN	P	2011-06-28	2011-08-09
	BEST BUY CO INC CMN SERIES	P	2011-04-06	2011-12-02
	CANADIAN NATIONAL RAILWAY CO. CMN	P	2011-03-24	2011-12-07
	CHESAPEAKE ENERGY CORPORATION CMN	P	2011-04-06	2011-08-02
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-07-12
	CSL LIMITED UNSPONSORED ADR CMN	P	2011-03-24	2011-10-24
	DRIL-QUIP, INC. CMN	P	2011-03-21	2011-11-08
	ELI LILLY & CO CMN	P	2011-03-24	2011-05-20
	EVEREST RE GROUP LTD CMN	P	2011-03-24	2011-03-30
	FOREST LABORATORIES INC CMN	P	2011-03-24	2011-06-15
	HESS CORPORATION CMN	P	2011-10-03	2011-11-02
	JPMORGAN CHASE & CO CMN	P	2008-07-17	2011-03-18
	KONINKLIJKE KPN N.V. SPONSORED ADR C	P	2011-03-24	2011-05-12
	MEMC ELECTRONIC MATERIAL COMMON STOC	P	2011-03-24	2011-11-03
	MOLYCORP, INC. CMN	P	2011-06-09	2011-12-07
	NETFLIX COM INC CMN	P	2011-08-22	2011-09-30
	NOVO-NORDISK A/S ADR ADR CMN	P	2011-03-24	2011-08-05
	PNC FINANCIAL SERVICES GROUP CMN	P	2011-03-24	2011-08-19
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-05-31
	SERVICE CORP INTERNATL CMN	P	2011-03-21	2011-07-07
	SINGAPORE TELECOMMUNICATNS LTD SPONS	P	2011-03-24	2011-06-20
	STATOILHYDRO ASA SPONSORED ADR CMN	P	2011-03-24	2011-12-22
	TALISMAN ENERGY INC. CMN	P	2011-03-24	2011-07-22
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-21	2011-06-14
	VODAFONE GROUP PLC SPONSORED ADR CMN	P	2011-03-24	2011-05-05
	WARNACO GROUP INC. CMN	P	2011-03-21	2011-04-27
	WPP PLC ADR CMN	P	2011-03-24	2011-12-02
	AMERICAN EXPRESS CO. CMN	P	2011-03-21	2011-11-08
	BANK OF AMERICA CORP CMN	P	2008-09-15	2011-08-09
	DISALLOWED LOSS	P	2011-04-06	2011-12-02
	CANON INC ADR ADR CMN	P	2011-03-24	2011-12-02
	CHEUNG KONG HLDGS LTD (ADR) ADR CMN	P	2011-03-24	2011-12-02
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-12-08
	CSL LIMITED UNSPONSORED ADR CMN	P	2011-03-24	2011-12-02
	DRIL-QUIP, INC. CMN	P	2011-03-21	2011-11-09
	ELI LILLY & CO CMN	P	2011-03-24	2011-07-21
	EVEREST RE GROUP LTD CMN	P	2011-03-21	2011-03-30
	FRANKLIN RESOURCES INC CMN	P	2011-03-24	2011-08-15
	HUTCHISON WHAMPOA (ADR) ADR CMN	P	2011-03-24	2011-07-07
	JULIUS BAER GROUP LTD. ADR CMN	P	2011-03-24	2011-12-02
	KROGER COMPANY CMN	P	2011-03-24	2011-04-01
	MERCK & CO., INC. CMN	P	2011-10-12	2011-12-15
	MOLYCORP, INC. CMN	P	2011-06-09	2011-12-06
	NETFLIX COM INC CMN	P	2011-08-22	2011-09-30
	NOVO-NORDISK A/S ADR ADR CMN	P	2011-03-24	2011-12-02
	PNC FINANCIAL SERVICES GROUP CMN	P	2011-05-02	2011-08-19
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-02
	SERVICE CORP INTERNATL CMN	P	2011-03-21	2011-07-06
	SINGAPORE TELECOMMUNICATNS LTD SPONS	P	2011-03-24	2011-06-24
	SUMITOMO MITSUI TRUST HOLDINGS SPONS	P	2011-04-01	2011-04-01
	TESCO PLC (SPONSORED) ADR SPONSORED	P	2011-03-24	2011-04-21
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-24	2011-06-21
	VODAFONE GROUP PLC SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	WARNACO GROUP INC. CMN	P	2011-03-24	2011-05-02
	YAMADA DENKI CO., LTD. CMN	P	2011-06-16	2011-12-02
	AMERIPRISE FINANCIAL, INC. CMN	P	2011-03-21	2011-03-28
	BARRICK GOLD CORPORATION CMN	P	2011-03-24	2011-09-08
	BEST BUY CO INC CMN SERIES	P	2011-08-02	2011-12-02
	CAP GEMINI SA ADR CMN	P	2011-03-24	2011-12-02
	CHINA MOBILE LIMITED SPONSORED ADR C	P	2011-08-11	2011-12-02
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-23	2011-12-08
	CSL LIMITED UNSPONSORED ADR CMN	P	2011-03-24	2011-12-30
	DRIL-QUIP, INC. CMN	P	2011-05-17	2011-11-10
	ELI LILLY & CO CMN	P	2011-03-24	2011-08-23
	EXELON CORPORATION CMN	P	2011-03-24	2011-07-08
	FRANKLIN RESOURCES INC CMN	P	2011-03-21	2011-07-29
	HUTCHISON WHAMPOA (ADR) ADR CMN	P	2011-03-24	2011-12-02
	KEPPEL CORP LTD (ADR) SPONSORED ADR	P	2011-03-24	2011-04-12
	DISALLOWED LOSS	P	2011-03-24	2011-04-01
	METLIFE, INC. CMN	P	2011-03-21	2011-11-08
	MOLYCORP, INC. CMN	P	2011-03-23	2011-12-06
	NEWCREST MINING LIMITED SPONSORED AD	P	2011-03-24	2011-04-28
	NTT DOCOMO, INC. SPONSORED ADR CMN	P	2011-04-06	2011-08-22
	POLYCOM INC CMN	P	2011-03-22	2011-07-12
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-06
	SEVEN & I HOLDINGS CO., LTD. UNSPONS	P	2011-04-06	2011-08-16
	SINGAPORE TELECOMMUNICATNS LTD SPONS	P	2011-04-06	2011-06-24
	SUMITOMO MITSUI TRUST HOLDINGS SPONS	P	2011-04-01	2011-08-04
	TESCO PLC (SPONSORED) ADR SPONSORED	P	2011-03-24	2011-12-02
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-24	2011-06-14
	VOLKSWAGEN AG, WOLFSBURG SPONSORED A	P	2011-07-12	2011-12-02
	WARNACO GROUP INC. CMN	P	2011-03-21	2011-05-02
	OJSC POLYUS GOLD SPONSORED ADR CMN	P	2011-04-13	2011-07-26
	DISALLOWED LOSS	P	2011-03-21	2011-03-28
	BAXTER INTERNATIONAL INC CMN	P	2011-03-18	2011-04-06
	BG GROUP PLC SPON ADR ADR CMN	P	2011-03-24	2011-12-02
	CARBO CERAMICS INC CMN	P	2011-03-22	2011-07-12
	CIELO S A SPONSORED ADR CMN	P	2011-09-22	2011-12-02
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-12-08
	DANONE SPONSORED ADR CMN	P	2011-03-24	2011-12-02
	DRIL-QUIP, INC. CMN	P	2011-03-24	2011-11-09
	ELI LILLY & CO CMN	P	2011-03-24	2011-10-11
	EXELON CORPORATION CMN	P	2011-03-24	2011-07-25
	FRANKLIN RESOURCES INC CMN	P	2011-03-21	2011-08-15
	HYATT HOTELS CORPORATION CMN CLASS A	P	2011-03-22	2011-07-12
	KEPPEL CORP LTD (ADR) SPONSORED ADR	P	2011-03-24	2011-04-13
	KROGER COMPANY CMN	P	2011-04-06	2011-04-26
	MICROSOFT CORPORATION CMN	P	2011-03-24	2011-06-29
	MOLYCORP, INC. CMN	P	2011-06-09	2011-12-09
	NEWMONT MINING CORPORATION CMN	P	2011-03-24	2011-08-08
	NTT DOCOMO, INC. SPONSORED ADR CMN	P	2011-03-24	2011-08-22
	POLYCOM INC CMN	P	2011-03-22	2011-10-12
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-07
	SEVEN & I HOLDINGS CO., LTD. UNSPONS	P	2011-03-25	2011-08-16
	SMITH & NEPHEW PLC ADR CMN	P	2011-03-24	2011-12-02
	SUMITOMO MITSUI TRUST HOLDINGS SPONS	P	2011-04-01	2011-08-04
	TEVA PHARMACEUTICAL IND LTD ADS	P	2011-03-24	2011-12-02
	TUPPERWARE BRANDS CORPORATION CMN	P	2011-03-24	2011-08-29
	VOLVO AKTIEBOLAGET ADR B ADR CMN CLA	P	2011-03-24	2011-12-02
	WEBMD HEALTH CORP. CMN	P	2011-03-22	2011-07-12
	OJSC POLYUS GOLD SPONSORED ADR CMN	P	2011-07-26	2011-07-26
	AMERIPRISE FINANCIAL, INC. CMN	P	2011-03-21	2011-05-02
	BAXTER INTERNATIONAL INC CMN	P	2011-03-22	2011-04-06
	BHP BILLITON LTD SPONSORED ADR CMN	P	2011-03-24	2011-04-28
	CEMEX, S.A.B DE C.V. SPONSORED ADR C	P	2011-03-24	2011-03-25
	CITRIX SYSTEMS INC CMN	P	2011-03-22	2011-10-12
	COMMUNITY HEALTH SYS INC CMN	P	2011-03-22	2011-12-08
	DEAN FOODS COMPANY NEW CMN	P	2011-03-24	2011-05-10
	DRIL-QUIP, INC. CMN	P	2011-03-24	2011-11-10
	ELI LILLY & CO CMN	P	2011-03-24	2011-12-23
	EXELON CORPORATION CMN	P	2011-04-06	2011-07-26
	FRANKLIN RESOURCES INC CMN	P	2011-03-24	2011-08-18
	DISALLOWED LOSS	P	2011-03-22	2011-07-12
	KEPPEL CORP LTD (ADR) SPONSORED ADR	P	2011-05-16	2011-05-16
	KROGER COMPANY CMN	P	2011-03-24	2011-04-26
	MICROSOFT CORPORATION CMN	P	2011-03-31	2011-09-08
	MOLYCORP, INC. CMN	P	2011-07-12	2011-12-09
	NIDEC CORP SPONSORED ADR	P	2011-03-24	2011-04-11
	OCCIDENTAL PETROLEUM CORP CMN	P	2011-03-21	2011-05-02
	POLYCOM INC CMN	P	2011-03-22	2011-10-20
	RALCORP HLDGS INC (NEW) CMN	P	2011-03-23	2011-06-08
	SEVEN & I HOLDINGS CO., LTD. UNSPONS	P	2011-03-24	2011-08-16
	SOUTHWESTERN ENERGY CO. CMN	P	2011-03-22	2011-07-22
	SUMITOMO MITSUI TRUST HOLDINGS SPONS	P	2011-04-01	2011-08-04
	THE BANK OF NY MELLON CORP CMN	P	2011-03-22	2011-06-28
	TYSON FOODS INC CL-A CMN CLASS A	P	2011-03-24	2011-05-03
	VOLVO AKTIEBOLAGET ADR B ADR CMN CLA	P	2011-03-24	2011-12-20
	WEBMD HEALTH CORP. CMN	P	2011-03-22	2011-09-23

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	299	381	-82
b	1,698	2,145	-447
c	845	832	13
d	1,090	1,444	-354
e	497	1,487	-990
	3,011	3,139	-128
	841	767	74
	947	882	65
	467	469	-2
	11,846	12,332	-486
	749	698	51
	273	269	4
	1,014	910	104
	294	380	-86
	802	798	4
	3,361	3,276	85
	2,773	2,064	709
	520	559	-39
	6,053	5,409	644
	515	812	-297
	689	515	174
	2,132	2,301	-169
	13,268	14,642	-1,374
	1,222	1,178	44
	12,742	15,215	-2,473
	3,205	3,123	82
	355	588	-233
	1,361	2,478	-1,117
	382	350	32
	3,621	3,351	270
	194	227	-33
	452	542	-90
	462	1,452	-990
	4,164	4,287	-123
	533	513	20
	266	297	-31
	1,019	1,005	14
	5,785	6,023	-238
	5,889	5,924	-35
	270	362	-92
	499	425	74
	348	365	-17
	189	175	14
	635	628	7
	50		50
	1,717	1,743	-26
	3,121	3,009	112
	2,332	3,517	-1,185
	2,409	1,803	606
	1,565	1,551	14
	1,267	1,430	-163
	182	192	-10
	7		7
	363	337	26
	3,205	3,422	-217
	1,894	3,039	-1,145
	3,984	3,484	500
	1,015	1,022	-7
	1,610	1,891	-281
	20,025	13,520	6,505
	130	153	-23
	192	233	-41
	1,817	2,220	-403
	1,578	1,503	75
	667	669	-2
	1,163	1,656	-493
	5,474	5,424	50
	177	173	4
	481	773	-292
	498	457	41
	3,321	3,208	113
	2,302	2,218	84
	221		221
	250	246	4
	407	396	11

	388	398	-10
	1,494	1,490	4
	762	677	85
	2,751	2,929	-178
	206	240	-34
	3,199	2,511	688
	163		163
	2,752	4,933	-2,181
	1,137	1,016	121
	2,403	2,034	369
	1,183	1,021	162
	9,857	6,655	3,202
	930	1,124	-194
	577	727	-150
	1,738	2,160	-422
	1,497	1,468	29
	204	201	3
	2,754	3,059	-305
	2,004	1,607	397
	3,317	3,262	55
	365	483	-118
	3,096	3,011	85
	3,321	3,252	69
	3,370	3,243	127
	2,268	2,527	-259
	30	27	3
	3,147	3,075	72
	189	217	-28
	359	325	34
	2,807	2,999	-192
	490	432	58
	616	649	-33
	265	322	-57
	3,258	2,630	628
	2,698	2,474	224
	1,349	1,256	93
	2,071	1,898	173
	1,257	1,444	-187
	815	698	117
	188	337	-149
	219	254	-35
	363	355	8
	272	323	-51
	1,654	1,499	155
	2,763	2,748	15
	319	386	-67
	31	25	6
	2,338	2,357	-19
	617	670	-53
	2,631	2,540	91
	1,836	1,856	-20
	466	341	125
	1,607	1,511	96
	8,111	7,842	269
	9,374	9,351	23
	1,143	837	306
	359	359
	1,202	1,148	54
	407	348	59
	303	396	-93
	782	967	-185
	4,996	4,734	262
	59	53	6
	1,144	971	173
	2,623	2,531	92
	1,351	1,426	-75
	868	833	35
	296	304	-8
	151	170	-19
	139	232	-93
	16,404	18,712	-2,308
	3,010	2,463	547
	2,936	2,850	86
	1,988	1,989	-1
	169	151	18
	3,268	4,296	-1,028
	317	402	-85
	184	178	6
	2,232	2,340	-108
	2,082	1,499	583
	1,607	1,486	121
	3,412	3,160	252
	2,423	3,001	-578
	2,107	1,559	548
	101,760	99,800	1,960
	1,033	971	62
	10,857	17,031	-6,174
	198	258	-60
	465	439	26
	5,791	6,977	-1,186
	1,822	1,632	190
	1,981	1,766	215
	3,015	3,004	11
	464	527	-63
	1,380	1,692	-312
	368	311	57
	8,832	13,180	-4,348
	952	1,413	-461
	6,010	5,684	326
	153	158	-5
	1,224	1,170	54
	1		1
	312	276	36
	1,702	2,248	-546
	1,202	1,183	19
	1,169	1,235	-66
	1,977	2,116	-139
	1,929	1,402	527
	1,193	1,081	112
	997	909	88
	625	559	66
	1,756	1,299	457
	418	413	5
	1,227	1,148	79
	5,517	8,672	-3,155
	293	318	-25
	1,923	1,656	267
	1,771	2,144	-373
	2,880	2,741	139
	1,196	1,429	-233
	69	63	6
	52,263	110,417	-58,154
	1,263	1,437	-174
	1,177	1,397	-220
	4,321	6,522	-2,201
	461		461
	2,251	2,239	12
	5		5
	25		25
	750	746	4
	309	276	33
	900	929	-29
	1,865	1,869	-4
	263	334	-71
	988	1,049	-61
	1,134	822	312
	332	341	-9
	316	300	16
	1,046	932	114
	1,050	779	271
	10,537	10,212	325
	1,353	1,236	117
	1,397	1,455	-58
	25		25
	1,833	1,794	39
	74	101	-27
	2,901	2,599	302
	881	791	90
	215	162	53
	140,719	482,800	-342,081
	1,020	1,185	-165
	459	422	37
	1,020	1,501	-481
	405	535	-130
	6,701	6,028	673
	168	159	9
	2,613	2,617	-4
	333	332	1
	3,565	3,169	396
	305	357	-52
	1,112	1,162	-50
	251	265	-14
	1,956	1,953	3
	2,271	1,788	483
	2,566	3,293	-727
	428	435	-7
	1,198	1,263	-65
	2,271	1,688	583
	372	337	35
	199	177	22
	58		58
	842	833	9
	831	752	79
	139	169	-30
	1,746	1,613	133
	1,322	1,497	-175
	1,421	1,623	-202
	4,295	8,663	-4,368
	1,402	1,581	-179
	385	368	17
	3,084	3,015	69
	130		130
	1,367	984	383
	1,098	1,071	27
	4		4
	1,494	1,492	2
	1,230	1,059	171
	1,666	1,494	172
	154	152	2
	1,475	1,576	-101
	1,251	3,055	-1,804
	1,816	1,354	462
	500		500
	956	925	31
	1,807	2,553	-746
	440	325	115
	361	323	38
	1,940	1,863	77
	712	850	-138
	407	374	33
	827	752	75
	5,446	4,739	707
	1,002	860	142
	309	340	-31
	287	336	-49
	4,891	7,661	-2,770
	1,612	1,748	-136
	1,160	1,103	57
	3,153	3,056	97
	26	38	-12
	2,073	2,345	-272
	342	386	-44
	2,694	2,423	271
	1,750	1,740	10
	730	596	134
	2,934	2,440	494
	369,007	314,664	54,343
	1,630	1,828	-198
	1,149	2,924	-1,775
	2,593	4,472	-1,879
	1,236	2,961	-1,725
	868	972	-104
	1,719	2,387	-668
	702	515	187
	746	674	72
	2,773	2,655	118
	4,142	4,561	-419
	1,947	2,233	-286
	1,409	1,273	136
	1,617	1,648	-31
	693	591	102
	313	366	-53
	1,591	1,375	216
	8,909	38,233	-29,324
	136		136
	484	493	-9
	311	419	-108
	2,287	4,925	-2,638
	181	194	-13
	935	1,080	-145
	4,220	3,774	446
	1,248	1,244	4
	698	724	-26
	11		11
	314	384	-70
	781	788	-7
	6,051	5,420	631
	159	266	-107
	562	1,029	-467
	449	486	-37
	2,027	2,895	-868
	702	515	187
	841	761	80
	25	23	2
	2		2
	1,035	1,011	24
	1,598	1,389	209
	322	341	-19
	634	540	94
	210	244	-34
	1,768	1,777	-9
	3,919	3,681	238
	2,049	2,019	30
	276	438	-162
	195	192	3
	2,287	4,928	-2,641
	2,023	2,204	-181
	66	67	-1
	3,075	2,977	98
	4,064	3,862	202
	3,313	3,075	238
	363	497	-134
	139	133	6
	7		7
	4,419	5,751	-1,332
	2,606	4,189	-1,583
	919	781	138
	617	588	29
	63	50	13
	1,730	1,288	442
	1,467	1,352	115
	4,378	4,258	120
	2,826	2,751	75
	340	343	-3
	128	116	12
	239	279	-40
	825	699	126
	6,664	7,721	-1,057
	9		9
	13,297	12,708	589
	423	491	-68
	164	132	32
	155	136	19
	656	1,874	-1,218
	416	408	8
	200	231	-31
	1,704	1,558	146
	3,144	2,917	227
	2,441	2,483	-42
	41	43	-2
	759	721	38
	2,284	2,252	32
	1,229	1,238	-9
	1,928	3,567	-1,639
	5,284	5,136	148
	2,992	3,019	-27
	1,217	1,387	-170
	86	64	22
	4,507	4,308	199
	230	276	-46
	633	616	17
	515	651	-136
	3,607	3,184	423
	184	277	-93
	47	54	-7

	2,225	2,206	19
	6,324	6,161	163
	2,520	2,256	264
	5		5
	1,321	1,403	-82
	248	664	-416
	1,693	1,405	288
	1,128	1,311	-183
	4,420	3,704	716
	2,290	2,137	153
	4,479	4,951	-472
	2		2
	16		16
	3,013	2,962	51
	873	841	32
	29	54	-25
	310	335	-25
	2,786	2,423	363
	1,749	2,774	-1,025
	172	129	43
	1,729	1,667	62
	6,863	5,929	934
	187	182	5
	6,141	7,426	-1,285
	3,008	2,994	14
	413	692	-279
	1,239	2,263	-1,024

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-82
b			-447
c			13
d			-354
e			-990
			-128
			74
			65
			-2
			-486
			51
			4
			104
			-86
			4
			85
			709
			-39
			644
			-297
			174
			-169
			-1,374
			44
			-2,473
			82
			-233
			-1,117
			32
			270
			-33
			-90
			-990
			-123
			20
			-31
			14
			-238
			-35
			-92
			74
			-17
			14
			7
			50
			-26
			112
			-1,185
			606
			14
			-163
			-10
			7
			26
			-217
			-1,145
			500
			-7
			-281
			6,505
			-23
			-41
			-403
			75
			-2
			-493
			50
			4
			-292
			41
			113
			84
			221
			4
			11

			-10
			4
			85
			-178
			-34
			688
			163
			-2,181
			121
			369
			162
			3,202
			-194
			-150
			-422
			29
			3
			-305
			397
			55
			-118
			85
			69
			127
			-259
			3
			72
			-28
			34
			-192
			58
			-33
			-57
			628
			224
			93
			173
			-187
			117
			-149
			-35
			8
			-51
			155
			15
			-67
			6
			-19
			-53
			91
			-20
			125
			96
			269
			23
			306

			54
			59
			-93
			-185
			262
			6
			173
			92
			-75
			35
			-8
			-19
			-93
			-2,308
			547
			86
			-1
			18
			-1,028
			-85
			6
			-108
			583
			121
			252
			-578
			548
			1,960
			62
			-6,174
			-60
			26
			-1,186
			190
			215
			11
			-63
			-312
			57
			-4,348
			-461
			326
			-5
			54
			1
			36
			-546
			19
			-66
			-139
			527
			112
			88
			66
			457
			5
			79
			-3,155
			-25
			267
			-373
			139
			-233
			6
			-58,154
			-174
			-220
			-2,201
			461
			12
			5
			25
			4
			33
			-29
			-4
			-71
			-61
			312
			-9
			16
			114
			271
			325
			117
			-58
			25
			39
			-27
			302
			90
			53
			-342,081
			-165
			37
			-481
			-130
			673
			9
			-4
			1
			396
			-52
			-50
			-14
			3
			483
			-727
			-7
			-65
			583
			35
			22
			58
			9
			79
			-30
			133
			-175
			-202
			-4,368
			-179
			17
			69
			130
			383
			27
			4
			2
			171
			172
			2
			-101
			-1,804
			462
			500
			31
			-746
			115
			38
			77
			-138
			33
			75
			707
			142
			-31
			-49
			-2,770
			-136
			57
			97
			-12
			-272
			-44
			271
			10
			134
			494
			54,343
			-198
			-1,775
			-1,879
			-1,725
			-104
			-668
			187
			72
			118
			-419
			-286
			136
			-31
			102
			-53
			216
			-29,324
			136
			-9
			-108
			-2,638
			-13
			-145
			446
			4
			-26
			11
			-70
			-7
			631
			-107
			-467
			-37
			-868
			187
			80
			2
			2
			24
			209
			-19
			94
			-34
			-9
			238
			30
			-162
			3
			-2,641
			-181
			-1
			98
			202
			238
			-134
			6
			7
			-1,332
			-1,583
			138
			29
			13
			442
			115
			120
			75
			-3
			12
			-40
			126
			-1,057
			9
			589
			-68
			32
			19
			-1,218
			8
			-31
			146
			227
			-42
			-2
			38
			32
			-9
			-1,639
			148
			-27
			-170
			22
			199
			-46
			17
			-136
			423
			-93
			-7

			19
			163
			264
			5
			-82
			-416
			288
			-183
			716
			153
			-472
			2
			16
			51
			32
			-25
			-25
			363
			-1,025
			43
			62
			934
			5
			-1,285
			14
			-279
			-1,024

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-411,200
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	-38,382

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	485,423	6,932,166	0.070025
2009	465,911	7,335,908	0.063511
2008	371,772	7,894,428	0.047093
2007	47,114	3,127,019	0.015067
2006	2,717	532,506	0.005102

2	Total of line 1, column (d) ......................	2	0.200798
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	0.040160
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	6,155,342
5	Multiply line 4 by line 3.......................	5	247,199
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	717
7	Add lines 5 and 6.........................	7	247,916
8	Enter qualifying distributions from Part XII, line 4..............	8	592,881
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	717
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	717
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	717
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	3,430
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,430
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,713
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax2,713	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

GRENNER AND ASSOC LLC Telephone no. bullet

(770) 886-0334

Located at bullet

104 COLONY PARK DR 100CUMMINGGA ZIP+4 bullet

30040

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2011?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MARY J SHANNON C/O GRENNER AND ASSOCIATES LLC	DIRECTOR 25.00	0	0	0
104 COLONY PARK DR 100 CUMMING,GA30040	DIRECTOR 25.00	0	0	0
DAVID D SHANNON C/O GRENNER AND ASSOCAITES LLC	DIRECTOR 25.00	9,028	0	0
104 COLONY PARK DRIVE 100 CUMMING,GA30040	DIRECTOR 25.00	9,028	0	0
LIAM SHANNON	DIRECTOR 25.00	9,028	0	0
104 COLONY PARK DR 100 CUMMING,GA30040	DIRECTOR 25.00	9,028	0	0
EAMON SHANNON	DIRECTOR 25.00	9,028	0	0
104 COLONY PARK DR 100 CUMMING,GA30040	DIRECTOR 25.00	9,028	0	0
BRETTANY SHANNON	DIRECTOR 25.00	9,027	0	0
104 COLONY PARK DR 100 CUMMING,GA30040	DIRECTOR 25.00	9,027	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,227,948

Average of monthly cash balances.......................

21,130

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

6,249,078

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

6,249,078

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

93,736

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

6,155,342

Minimum investment return. Enter 5% of line 5..................

307,767

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

307,767

Tax on investment income for 2011 from Part VI, line 5......

717

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

717

Distributable amount before adjustments. Subtract line 2c from line 1............

307,050

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

307,050

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

307,050

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

592,881

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

592,881

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

717

Adjusted qualifying distributions. Subtract line 5 from line 4..............

592,164

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			307,050
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......
b From 2007.......	5,058
c From 2008.......
d From 2009.......	99,830
e From 2010.......	139,203
fTotal of lines 3a through e.........		244,091
4Qualifying distributions for 2011 from Part
XII, line 4: $ 592,881
a Applied to 2010, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....			307,050
e Remaining amount distributed out of corpus		285,831
5 Excess distributions carryover applied to 2011.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		529,922
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		529,922
10 Analysis of line 9:
a Excess from 2007....	5,058
b Excess from 2008....
c Excess from 2009....	99,830
d Excess from 2010....	139,203
e Excess from 2011....	285,831

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

PHILIP SHANNON JR

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
KINGS RIDGE CHRISTIAN SCHOOL 2765 BETHANY BEND ALPJHARETTA,GA30004	NONE	509(A)	EDUCATION	10,000
LEGAL OUTREACH 36-14 35TH STREET LONG ISLAND CITY,NY11106	NONE	509(A)	SCHOLARSHIPS FOR GRADUATING SENIORS	2,500
MEMORIAL SLOAN-KETTERING 1275 YORK AVENUE NEW YORK,NY10065	NONE	509(A)	RESEARCH	2,500
MERCY CORP 45 SW ANKENY STREET PORTLAND,OR97204	NONE	509(A)	EMERGENCY ASSISTANCE	2,500
METROPOLITAN OPERA 30 LINCOLN CENTER 423 NEW YORK,NY10023	NONE	509(A)	ARTS	150
NEW YORK PHILHARMONIC 10 LINCOLN CENTER PLAZA NEW YORK,NY10023	NONE	509(A)	ARTS	2,000
PAIDEIA SCHOOL 1509 PONCE DE LEON AVE ATLANTA,GA30307	NONE	509(A)	PROGRAM SUPPORT AND TECHNOLOGY	5,000
SETON HALL UNIVERISTY 457 CENTRE ST SOUTH ORANGE,NJ07079	NONE	509(A)	SETON HALL FUND/SCHOLARSHIP	400,500
SISTERS OF NOTRE DAME NAMUR 1531 GREENSPRING VALLEY R STEVENSON,MD21153	NONE	509(A)	DEVELOPMENT PROGRAM	2,500
ST PETER'S CHURCH PO BOX 430657 BIG PINE KEY,FL33043	NONE	509(A)	RELIGIOUS EDUCATION	500
THE PUBLIC THEATRE JOES 425 LAFAYETTE ST NEW YORK,NY10003	NONE	509(A)	ARTS	60
THEATRE ARTIST STUDIO 4848 E CACTUS RD-STE 406 SCOTTSDALE,AZ85254	NONE	509(A)	ARTS	3,000
TRINITY COLLEGE 125 MICHIGAN AVE NE WASHINGTON,DC20017	NONE	509(A)	EDUCATIONAL ASSISTANCE	149,859
TRUE COLORS THEATRE CO 887 WEST MARIETTA ST 102 ATLANTA,GA30318	NONE	509(A)	ARTS	1,000
UNIV OF GA GRAD SCHOOL FELLOWSHIP COLLEGE AVE ATHENS,GA30602	NONE	509(A)	FELLOWSHIP	2,500
VANDERBILT UNIVERSITY 211 KIRKLAND HALL NASHVILLE,TN37240	NONE	509(A)	EDUCATION	1,000
VISITING NURSE ASSOC 175 SOUTH ST MORRISTOWN,NJ07960	NONE	509(A)	PROGRAM ASSISTANCE	1,000
WALDORF SCHOOL OF HONOLULU 350 ULUA ST HONOLUU,HI96821	NONE	509(A)	EDUCATION	5,000
Total ................................. 3a				591,569

bApproved for future payment

Total ................................. 3b

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	2,110
4 Dividends and interest from securities....			14	96,876
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....			14	162
8Gain or (loss) from sales of assets other than inventory			14	-411,200	-276
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aINSURANCE DIV			1	238
bNON DIVDEND DISTRIB			14
cINSURANCE PROCEEDS			1	34,282
d
e
12 Subtotal. Add columns (b), (d), and (e)..				-277,532	-276

13Total. Add line 12, columns (b), (d), and (e)..................

13-277,808

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship
CITIZENS NOT SERFS INC	PUBLIC CHARITY	DISQUALIFIED PERSON IS DIRECTOR

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Person Name	Explanation
MARY J SHANNON CO GRENNER AND ASSOCIATES LLC
DAVID D SHANNON CO GRENNER AND ASSOCAITES LLC
LIAM SHANNON
EAMON SHANNON
BRETTANY SHANNON

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN EXPRESS CREDIT CORP MTN 7.3	108,533	108,526
ANALOG DEVICES, INC. 3.0% 04/15/2016	100,144	105,395
AT&T INC. 4.95% 01/15/2013 USD SR LI	103,870	104,222
CA, INC. STEP 12/01/2014 USD SER B S	111,350	109,552
CITIGROUP INC. 5.3% 10/17/2012	102,950	101,625
CLOROX COMPANY (THE) CPN 5.0000 01/1	106,254	108,049
COMCAST CORPORATION 4.95% 06/15/2016	105,980	110,747
GENERAL ELECTRIC COMPANY 5.0% 02/01/	103,959	104,210
GENZYME CORPORATION 3.625% 06/15/201	103,985	106,770
JPMORGAN CHASE & CO. 4.75% 05/01/201	104,135	104,542
MORGAN STANLEY MTN 5.55% 04/27/2017	105,339	96,481
PACKAGING CORPORATION OF AMERI 5.75%	105,024	105,383
TD AMERITRADE HOLDING CORP 4.15% 12/	104,656	105,689
TELECOM ITALIA CAPITAL SA CPN 5.2500	104,280	96,058
TEVA PHARMACEUTICAL FIN II BV 3.0% 0	100,799	104,136
VERIZON COMMUNICATIONS INC. 3.0% 04/	99,480	104,719
VIACOM INC. CPN 5.6250 08/15/2012	102,506	102,646
ACCRUED INTEREST	20,141	20,141

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
INVESTMENT FEES	25,143	25,143
INSURANCE
DUES	695		695
POSTAGE
FOREIGN TRANSACTION FEES	594	594
PAYROLL PROCESSING FEES	26
MISC EXP	14

Category	Amount	Net Investment Income
STATE REGISTRATION FEES
FEDERAL EXCISE TAX - 2011	717
PAYROLL TAXES	2,912
FOREIGN TAXES PAID-RECLAIMABLE	197	197
FOREIGN TAXES PAID	1,533	1,533

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD SPONSORED ADR CMN	4,007	3,182
ABBOTT LABORATORIES CMN	8,334	9,672
ADIDAS AG ADR CMN	3,623	3,719
AETNA INC CMN	7,827	9,197
AIRGAS INC CMN	14,577	17,724
ALLIANZ SE ADR CMN	4,427	2,965
AMADEUS IT HLDG S A ADR CMN	1,409	1,367
AMAZON.COM INC CMN	12,289	13,156
AMERICA MOVIL SAB DE CV SPONSORED AD	4,140	3,345
AMERICAN EXPRESS CO. CMN	37,122	38,161
AMERICAN INTL GROUP, INC. CMN	19,399	16,913
AMERICAN TOWER CORPORATION CMN CLASS	22,273	26,764
AMERIPRISE FINANCIAL, INC. CMN	11,535	9,729
AMGEN INC. CMN	5,612	6,678
ANGLOGOLD ASHANTI LIMITED SPONSORED	8,296	7,514
ANSYS INC CMN	13,512	14,549
APPLE, INC. CMN	57,292	68,850
ARCHER DANIELS MIDLAND CO CMN	8,223	6,835
BANCO BRADESCO S.A. ADR CMN	5,374	4,787
BANCO SANTANDER BRASIL SA ADR CMN	2,737	2,702
BANK OF AMERICA
BARRICK GOLD CORPORATION CMN	23,203	20,317
BEST BUY CO INC CMN SERIES	13,921	13,555
BG GROUP PLC SPON ADR ADR CMN	5,177	4,706
BHP BILLITON LTD SPONSORED ADR CMN	5,325	4,167
BLACKROCK, INC. CMN	7,050	7,308
BNP PARIBAS SPONSORED ADR CMN	3,782	1,990
BOEING COMPANY CMN	41,895	43,350
BRAMBLES LIMITED UNSPONSORED ADR CMN	3,249	3,274
BRITISH AMERICAN TOBACCO PLC SPONS A	3,270	3,985
BROOKFIELD ASSET MANAGEMENT IN CMN	9,809	8,546
BUNZL PLC SPONSORED ADR CMN	3,859	4,396
C.H. ROBINSON WORLDWIDE INC. CMN	10,861	10,607
CAMECO CORPORATION CMN	25,490	15,631
CAMERON INTERNATIONAL CORP CMN	8,581	7,083
CANADIAN NATIONAL RAILWAY CO. CMN	2,466	2,592
CANON INC ADR ADR CMN	5,501	5,285
CAP GEMINI SA ADR CMN	4,381	2,508
CARBO CERAMICS INC CMN	11,834	11,840
CARMAX, INC. CMN	5,900	5,761
CARREFOUR SPONSORED ADR CMN	2,973	1,464
CENOVUS ENERGY INC. CMN	1,680	1,461
CENTRAIS ELETRICAS BRASILEIRAS S A S	5,858	3,661
CENTRAIS ELETRICAS BRASILEIRAS S A S	11,594	10,730
CENTRICA PLC SPONSORED ADR CMN	3,307	2,806
CENTURYLINK INC CMN	8,572	9,449
CERNER CORP CMN	7,273	7,228
CGI GROUP INC CMN CLASS A	2,163	1,904
CHARLES SCHWAB CORPORATION CMN	18,033	11,485
CHESAPEAKE ENERGY CORPORATION CMN	2,648	2,519
CHEUNG KONG HLDGS LTD (ADR) ADR CMN	4,175	3,200
CHINA MOBILE LIMITED SPONSORED ADR C	2,125	2,134
CHOICE HOTELS INTL INC CMN	11,688	11,605
CIELO S A SPONSORED ADR CMN	1,403	1,602
CIT GROUP INC. CMN CLASS	6,809	5,788
CNOOC LTD SPONSORED ADR CMN	7,754	5,590
COCA-COLA AMATIL LIMITED SPONSORED A	3,778	3,752
COCA-COLA HELLENIC BOTTLING CO SPONS	2,322	1,503
COMCAST CORPORATION CMN CLASS A NON	11,831	12,110
COMPASS GROUP PLC SPONSORED ADR CMN	5,171	5,555
COMPUTER SCIENCES CORP CMN	7,186	6,281
CONCHO RESOURCES INC. CMN	21,386	18,844
CONOCOPHILLIPS CMN	5,964	5,975
CON-WAY INC. CMN	6,800	5,132
CORE LABORATORIES N.V. CMN	12,367	14,244
CORN PRODUCTS INTL INC CMN	8,858	9,466
CORNING INCORPORATED CMN	9,230	5,672
COSTCO WHOLESALE CORPORATION CMN	24,119	28,329
CREDIT SUISSE GROUP SPON ADR SPONSOR	3,109	3,264
DAIWA SECURITIES GROUP INC. SPONSORE	11,040	7,751
DANA HOLDING CORPORATION CMN	6,169	4,301
DANONE SPONSORED ADR CMN	4,146	4,098
DARDEN RESTAURANTS INC CMN	2,357	2,279
DAVITA INC CMN	8,747	8,187
DEAN FOODS COMPANY NEW CMN	6,955	7,997
DEERE & COMPANY CMN	5,515	5,956
DELL INC CMN	7,244	7,052
DENSO CORP ADR ADR CMN	3,647	3,095
DEVON ENERGY CORPORATION (NEW) CMN	51,517	38,502
DICKS SPORTING GOODS INC CMN	13,445	12,613
DISCOVERY COMMUNICATIONS, INC. CMN S	15,827	16,552
E. I. DU PONT DE NEMOURS AND C CMN	7,742	6,592
EAST JAPAN RAILWAY COMPANY UNSPONSOR	12,237	14,414
EATON VANCE CORP (NON-VTG) CMN	7,414	5,650
ECOLAB INC CMN	11,851	14,915
EDWARDS LIFESCIENCES CORP CMN	16,531	13,716
ELECTRICITE DE FRANCE SA UNSPONSORED	29,223	18,561
ELECTRONIC ARTS CMN	5,474	5,541
ELI LILLY & CO CMN	13,762	16,042
EMC CORPORATION MASS CMN	23,569	20,808
ENDO PHARMACEUTICALS HLDGS INC CMN	10,742	10,497
EQUINIX INC CMN	12,627	15,109
ERICSSON (LM) TEL CO ADR CMN CLASS B	4,034	3,333
EXXON MOBIL CORPORATION CMN	48,089	49,754
FACTSET RESEARCH SYSTEMS INC CMN	17,761	15,536
FANUC CORP UNSPONSORED ADR CMN	3,038	3,088
FASTENAL CO CMN	14,278	20,191
FIDELITY NATL INFO SVCS INC CMN	4,604	4,281
FINMECCANICA S.P.A. UNSPONSORED ADR	4,834	2,706
FOMENTO ECONOMICO MEXICANO SAB DE C.	4,019	4,601
FOREST LABORATORIES INC CMN	4,258	4,055
FRESENIUS MEDICAL CARE AG & CO KGAA	2,760	2,787
FRESH DEL MONTE PRODUCE INC. ORDINAR	5,880	5,577
GAZPROM ADR SPONSORED ADR CMN	18,452	14,013
GENERAL ELECTRIC CO CMN	38,450	35,229
GENERAL MILLS INC CMN	18,983	20,932
GENUINE PARTS CO. CMN	10,005	11,628
GLAXOSMITHKLINE PLC SPONSORED ADR CM	1,932	2,053
GOLD FIELDS LTD SPONSORED ADR CMN	6,036	5,048
GOOGLE, INC. CMN CLASS A	32,335	36,816
GRUPO TELEVISA, S.A. GDS REP 5 CPO'S	3,589	3,370
GS EMERGING MARKETS EQUITY FUND INS	181,705	141,838
GS HIGH YIELD FUND INSTITUTIONAL SH	258,318	240,267
GUOCO GROUP LTD UNSPONSORED ADR CMN	7,399	5,431
HONEYWELL INTL INC CMN	35,453	34,186
HUTCHISON WHAMPOA (ADR) ADR GS 25512	4,995	3,534
HYATT HOTELS CORPORATION CMN CLASS A	22,150	19,573
IDEXX LABORATORIES CMN	14,173	14,315
IMPALA PLATINUM HOLDINGS LIMIT SPONS	4,501	4,021
IMPERIAL TOBACCO GROUP PLC SPON ADR	4,731	5,903
INDUSTRIAL & COMMERCIAL BANK O ADR C	4,911	3,894
INDUSTRIAS BACHOCO S.A. ADR SPONSORE	2,513	2,098
INFOSYS LTD SPONSORED ADR CMN -	3,550	2,723
INGERSOLL-RAND PLC CMN	10,680	6,917
INGRAM MICRO INC. CLASS A COMMON STO	4,050	4,111
INTERNATIONAL POWER PLC SPONSORED AD	2,121	2,201
INTL GAME TECHNOLOGY CMN	5,793	6,089
INTUITIVE SURGICAL, INC. CMN	11,539	16,668
IRSA INVERSIONES Y REPRESENTAC IONES	950	985
ITC HOLDINGS CORP. CMN	5,878	6,222
JAPAN STL WKS LTD ADR CMN	9,246	8,483
JOHNSON & JOHNSON CMN	25,030	28,068
JPMORGAN CHASE	39,040	32,153
JULIUS BAER GROUP LTD. ADR CMN	3,996	3,520
KEPPEL CORP LTD (ADR) SPONSORED ADR	4,001	3,314
KINGFISHER PLC SPONSORED ADR CMN	3,668	3,366
KINROSS GOLD CORP CMN	9,736	6,886
KOMATSU LTD ADR (NEW) SPONSORED GDS	3,806	2,666
KONINKLIJKE AHOLD N.V. SPONSORED ADR	2,654	2,701
KT CORPORATION SPONSORED ADR CMN	5,866	4,661
LABORATORY CORPORATION OF AMER CMN	12,019	11,864
LOCKHEED MARTIN CORPORATION CMN	3,687	3,883
L'OREAL CO (ADR) ADR CMN	1,873	2,011
LOWES COMPANIES INC CMN	29,197	28,070
LSV: NON-US EQUITY OFFSHORE L.P.	525,000	438,024
MARINE HARVEST ASA UNSPONSORED ADR C	7,765	6,785
MASCO CORPORATION CMN	7,693	5,680
MC DONALDS CORP CMN	14,670	20,066
MERCK & CO., INC. CMN	26,704	29,067
METLIFE, INC. CMN	7,657	5,363
METTLER-TOLEDO INTL CMN	13,285	11,521
MICROSOFT CORP	702,889	445,655
MITSUI & CO LTD ADR CMN	9,131	8,090
MORNINGSTAR, INC. CMN	10,453	10,760
MS&AD INSURANCE GROUP HOLDINGS ADR C	9,329	7,645
MSCI INC CMN CLASS A	14,689	13,633
MTN GROUP LTD SPONSORED ADR CMN	4,446	3,881
NATIONAL OILWELL VARCO, INC. COMMON	7,928	6,799
NESTLE SA SPONSORED ADR (REP 1/20 CH	4,095	4,158
NEWCREST MINING LIMITED SPONSORED AD	13,429	9,923
NEWMONT MINING CORPORATION CMN	23,096	24,964
NEXEN INC. CMN	2,988	1,925
NIDEC CORP SPONSORED ADR	2,816	2,719
NIELSEN HOLDINGS B.V. CMN	14,009	15,172
NII HOLDINGS, INC. CMN CLASS B	7,805	4,920
NIKE CLASS-B CMN CLASS B	27,674	34,693
NINTENDO CO LTD (NEW) ADR ADR CMN	11,136	6,423
NIPPON TELEG & TEL SPON ADR SPONSORE	10,802	12,336
NOKIA CORP SPON ADR SPONSORED ADR CM	6,560	5,157
NOVARTIS AG-ADR SPONSORED ADR CMN	3,538	3,716
NOVO-NORDISK A/S ADR ADR CMN	3,766	3,573
NTT DOCOMO, INC. SPONSORED ADR CMN	2,576	2,734
NYSE EURONEXT CMN	10,739	8,117
OCCIDENTAL PETROLEUM CORP CMN	35,329	33,264
OLD REPUBLIC INTL CORP CMN	7,423	6,489
OPEN JOINT STOCK COMPANY RUSHY SPONS	16,671	10,214
ORACLE CORPORATION CMN	35,764	29,318
P.T. TELEKOMUNIKASI INDONESIA ADS (	8,931	8,331
PEGASYSTEMS INC CMN	9,151	7,850
PEPSICO INC CMN	25,736	27,004
PERRIGO COMPANY CMN	8,017	8,660
PETROBRAS ENERGIA S.A. SPONSORED ADR	5,008	2,978
PETROLEO BRASILEIRO S.A. SPON ADR	7,447	4,956
POLYUS GOLD INT LTD GDS CMN	11,586	9,847
PRAXAIR, INC CMN SERIES	36,501	39,874
PRECISION CASTPARTS CORP. CMN	13,623	13,513
PRICELINE.COM INC CMN	9,140	9,354
PROCTER & GAMBLE COMPANY (THE) CMN	19,911	21,881
PRUDENTIAL FINANCIAL INC CMN	33,531	28,919
PUBLICIS GROUPE SA SPONSORED ADR CMN	2,306	1,961
QUALCOMM INC CMN	33,675	35,172
RALPH LAUREN CORP CMN CLASS A	11,356	13,256
REED ELSEVIER GROUP PLC SPONSORED AD	4,367	4,258
ROCHE HOLDING AG ADR B SHS(NOM CHF 1	3,246	3,831
ROCK-TENN CO. CL. A CMN CLASS A	6,680	5,712
ROCKWELL COLLINS, INC. CMN	7,573	6,589
ROYAL DUTCH SHELL PLC SPONSORED ADR	4,303	4,561
SAP AG (SPON ADR)	4,721	4,183
SBA COMMUNICATIONS CORP CMN	9,127	10,568
SCHLUMBERGER LTD CMN	26,036	20,630
SCHNEIDER ELECTRIC SA UNSPONSORED AD	1,691	1,384
SERVICE CORP INTERNATL CMN	1,516	1,502
SEVEN & I HOLDINGS CO., LTD. UNSPONS	4,924	5,687
SHIN-ETSU CHEMICAL CO., LTD. UNSPONS	6,228	6,158
SHIRE LIMITED SPONSORED ADR CMN	2,384	2,805
SILVER STANDARD RESOURCES INC CMN	3,603	2,792
SK TELECOM CO., LTD. SPONSORED ADR C	8,875	6,492
SM ENERGY COMPANY CMN	6,278	6,360
SMITH & NEPHEW PLC ADR CMN	2,667	2,311
SOUTHWEST AIRLINES CO CMN	11,114	11,753
STAPLES, INC. CMN	9,330	6,820
STATOILHYDRO ASA SPONSORED ADR CMN	10,120	10,833
SUMITOMO MITSUI TRUST HOLDINGS INC	8,018	6,905
SUNCOR ENERGY INC. CMN	3,993	3,056
SWEDBANK A B ADR CMN	2,798	2,107
SYNGENTA AG SPONSORED ADR CMN	4,290	4,067
TAIWAN SEMICONDUCTOR MFG(ADS) LTD AD	4,094	4,376
TD AMERITRADE HOLDING CORPORAT CMN	8,640	6,510
TESCO PLC (SPONSORED) ADR SPONSORED	3,835	3,781
TETRA TECH INC (NEW) CMN	11,540	10,428
TEVA PHARMACEUTICAL IND LTD ADS	16,569	13,843
TEXAS INSTRUMENTS INC. CMN	11,312	9,606
THE TRAVELERS COMPANIES, INC CMN	26,171	26,449
THERMO FISHER SCIENTIFIC INC CMN	36,131	30,490
TIME WARNER INC. CMN	6,539	6,433
TJX COMPANIES INC (NEW) CMN	7,824	10,134
TNT EXPRESS N V ADR CMN	3,043	2,271
TOTAL SA SPONSORED ADR CMN	2,702	2,300
TOYOTA MOTOR CORPORATION SPON ADR	2,257	1,852
TRANSCANADA CORP CMN	4,115	4,498
TRANSOCEAN LTD. CMN	5,253	5,067
TURKCELL ILETISIM HIZMETLERI SPONSOR	12,306	10,619
UNILEVER N.V. NY SHS (NEW) ADR CMN	3,823	4,228
UNITEDHEALTH GROUP INCORPORATE CMN	7,952	9,274
VECTREN CORP CMN	4,627	4,837
VENTAS, INC. CMN	4,594	4,851
VERISK ANALYTICS INC. CMN CLASS A	12,287	15,570
VIMPELCOM LIMITED SPONSORED ADR CMN	1,860	1,250
VISA INC. CMN CLASS A	30,021	42,541
VISTEON CORPORATION CMN	7,518	5,793
VODAFONE GROUP PLC SPONSORED ADR CMN	3,638	3,588
VOLKSWAGEN AG, WOLFSBURG SPONSORED A	2,772	2,374
VOLVO AKTIEBOLAGET ADR B ADR CMN CLA	2,232	1,329
WABTEC CORP CMN	7,820	9,373
WAL MART STORES INC CMN	4,774	5,378
WALT DISNEY COMPANY (THE) CMN	26,180	30,450
WARNACO GROUP INC. CMN	3,294	3,052
WASTE MANAGEMENT INC CMN	9,073	8,047
WEST JAPAN RAILWAY CO. UNSPONSORED A	2,167	2,522
WESTERN DIGITAL CORP CMN	11,502	13,309
WESTERN UNION COMPANY	356	26,002
WISCONSIN ENERGY CORP(HLDG CO) CMN	8,604	9,999
WORLEYPARSONS LIMITED UNSPONOSRED AD	3,832	3,263
WPP PLC ADR CMN	3,906	3,343
WYNN RESORTS, LIMITED CMN	7,674	7,292
YAHOO INC CMN	7,849	7,678
YAMADA DENKI CO., LTD. CMN	2,685	2,264