UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                    Form 13F

                              Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: June 30, 2008

Check here if Amendment [  ]; Amendment Number:
This Amendment (Check only one.): [  ] is a restatement.
                                  [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Allied Irish Banks, p.l.c.
Address: Office of the Secretary
         Block K Level 4  -  Bankcentre
         Ballsbridge, Dublin 4 Ireland

13F File Number:  28-05346

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Helen Casey
Title:     Assistant Manager, Office of the Secretary
Phone:     00 353 1 6413735

Signature, Place, and Date of Signing:

     /s/ Helen Casey     Dublin, Ireland     August 06, 2008

Report Type (Check only one.):

[ X]         13F HOLDINGS REPORT.

[  ]         13F NOTICE.

[  ]         13F COMBINATION REPORT.



                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:         0

Form13F Information Table Entry Total:     237

Form13F Information Table Value Total:     $2,883,677 (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.

NONE



                                    
                                                     FORM 13F INFORMATION TABLE
                                                             VALUE  SHARES/ SH/ PUT/ INVSTMT  OTHER            VOTING AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (x$1000)  PRN AMT PRN CALL DSCRETN MANAGERS         SOLE   SHARED     NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3COM CORP                      COM              885535104        0       70 SH       DEFINED                    70        0        0
A D C TELECOMMUNICATIONS       COM NEW          000886309        1       45 SH       DEFINED                    45        0        0
ABBOTT LABS                    COM              002824100     3420    64562 SH       DEFINED                 64562        0        0
ACTIVIDENTITY CORP             COM              00506P103        5     1745 SH       DEFINED                  1745        0        0
AETNA INC NEW                  COM              00817Y108       81     2000 SH       DEFINED                  2000        0        0
AGCO CORP                      COM              001084102      248     4100 SH       DEFINED                  4100        0        0
AGNICO EAGLE MINES LTD         COM              008474108       28      400 SH       DEFINED                   400        0        0
AGRIUM INC                     COM              008916108       70      800 SH       DEFINED                   800        0        0
AIR PRODS & CHEMS INC          COM              009158106      102     1000 SH       DEFINED                  1000        0        0
ALBERTO CULVER CO NEW          COM              013078100    12181   463694 SH       DEFINED                463694        0        0
ALCATEL-LUCENT                 SPONSORED ADR    013904305        0       14 SH       DEFINED                    14        0        0
ALLEGHENY ENERGY INC           COM              017361106       38      500 SH       DEFINED                   500        0        0
ALLERGAN INC                   COM              018490102        5       97 SH       DEFINED                    97        0        0
ALTRIA GROUP INC               COM              02209S103      695    33589 SH       DEFINED                 33589        0        0
AMERICA MOVIL SAB DE CV        SPON ADR L SHS   02364W105       30      500 SH       DEFINED                   500        0        0
AMERICAN EXPRESS CO            COM              025816109       37      800 SH       DEFINED                   800        0        0
AMERICAN INTL GROUP INC        COM              026874107      495    17945 SH       DEFINED                 17945        0        0
AMERICAN TOWER CORP            CL A             029912201      183     4000 SH       DEFINED                  4000        0        0
AMGEN INC                      COM              031162100       67     1520 SH       DEFINED                  1520        0        0
ANALOG DEVICES INC             COM              032654105        3       95 SH       DEFINED                    95        0        0
ANGLO AMERICAN PLC             ADR              03485P102       84     2457 SH       DEFINED                  2457        0        0
APACHE CORP                    COM              037411105    13199    94957 SH       DEFINED                 94957        0        0
APPLE INC                      COM              037833100    11409    68046 SH       DEFINED                 68046        0        0
APPLERA CORP                   COM CELERA GRP   038020202        1      102 SH       DEFINED                   102        0        0
ARCHER DANIELS MIDLAND CO      COM              039483102       40     1000 SH       DEFINED                  1000        0        0
ASTRAZENECA PLC                SPONSORED ADR    046353108       66     1500 SH       DEFINED                  1500        0        0
AT&T INC                       COM              00206R102    16085   477445 SH       DEFINED                477445        0        0
ATWOOD OCEANICS INC            COM              050095108    10033    80687 SH       DEFINED                 80687        0        0
AUTOMATIC DATA PROCESSING IN   COM              053015103        8      175 SH       DEFINED                   175        0        0
AVOCENT CORP                   COM              053893103        7      400 SH       DEFINED                   400        0        0
AVON PRODS INC                 COM              054303102     8623   239476 SH       DEFINED                239476        0        0
AWARE INC MASS                 COM              05453N100        1      400 SH       DEFINED                   400        0        0
BAKER HUGHES INC               COM              057224107     1450    16606 SH       DEFINED                 16606        0        0
BANK OF AMERICA CORPORATION    COM              060505104      245     7508 SH       DEFINED                  7508        0        0
BARD C R INC                   COM              067383109     8569    97413 SH       DEFINED                 97413        0        0
BARRICK GOLD CORP              COM              067901108    16701   367472 SH       DEFINED                367472        0        0
BAXTER INTL INC                COM              071813109    11199   175147 SH       DEFINED                175147        0        0
BERKSHIRE HATHAWAY INC DEL     CL B             084670207     2500      623 SH       DEFINED                   623        0        0
BMC SOFTWARE INC               COM              055921100       17      470 SH       DEFINED                   470        0        0
BOARDWALK PIPELINE PARTNERS    UT LTD PARTNER   096627104      147     5500 SH       DEFINED                  5500        0        0
BOEING CO                      COM              097023105      141     1700 SH       DEFINED                  1700        0        0
BOSTON SCIENTIFIC CORP         COM              101137107       26     2070 SH       DEFINED                  2070        0        0
BOTTOMLINE TECH DEL INC        COM              101388106        6      597 SH       DEFINED                   597        0        0
BP PLC                         SPONSORED ADR    055622104     2584    35678 SH       DEFINED                 35678        0        0
BRISTOL MYERS SQUIBB CO        COM              110122108      100     4596 SH       DEFINED                  4596        0        0
BUCYRUS INTL INC NEW           COM              118759109     8006   109637 SH       DEFINED                109637        0        0
BURGER KING HLDGS INC          COM              121208201      255     9514 SH       DEFINED                  9514        0        0
BURLINGTON NORTHN SANTA FE C   COM              12189T104       23      200 SH       DEFINED                   200        0        0
CAMECO CORP                    COM              13321L108      672    16600 SH       DEFINED                 16600        0        0
CAMERON INTERNATIONAL CORP     COM              13342B105    14688   265360 SH       DEFINED                265360        0        0
CAMPBELL SOUP CO               COM              134429109      231     6910 SH       DEFINED                  6910        0        0
CARNIVAL CORP                  COMMON           143658102       16      400 SH       DEFINED                   400        0        0
CARNIVAL CORP                  PAIRED CTF       143658300       33     1000 SH       DEFINED                  1000        0        0
CATERPILLAR INC DEL            COM              149123101      626     8305 SH       DEFINED                  8305        0        0
CELESTICA INC                  SUB VTG SHS      15101Q108       13     1500 SH       DEFINED                  1500        0        0
CELGENE CORP                   COM              151020104    14931   233767 SH       DEFINED                233767        0        0
CEVA INC                       COM              157210105        0      121 SH       DEFINED                   121        0        0
CHEVRON CORP NEW               COM              166764100    10671   107650 SH       DEFINED                107650        0        0
CHICAGO BRIDGE & IRON CO N V   N Y REGISTRY SH  167250109     6623   166324 SH       DEFINED                166324                 0
CHINA MOBILE LIMITED           SPONSORED ADR    16941M109       37      500 SH       DEFINED                   500        0        0
CISCO SYS INC                  COM              17275R102    11470   492026 SH       DEFINED                492026        0        0
CITADEL BROADCASTING CORP      COM              17285T106        0       54 SH       DEFINED                    54        0        0
CITIGROUP INC                  COM              172967101      293    16237 SH       DEFINED                 16237        0        0
CLEAR CHANNEL COMMUNICATIONS   COM              184502102        8      225 SH       DEFINED                   225        0        0
COACH INC                      COM              189754104     8410   291206 SH       DEFINED                291206        0        0
COCA COLA CO                   COM              191216100      258     4580 SH       DEFINED                  4580        0        0
COLGATE PALMOLIVE CO           COM              194162103     9023   132184 SH       DEFINED                132184        0        0
COMCAST CORP NEW               CL A             20030N101     4164   219496 SH       DEFINED                219496        0        0
CONOCOPHILLIPS                 COM              20825C104    14167   150092 SH       DEFINED                150092        0        0
COOPER INDS LTD                CL A             G24182100     8341   211156 SH       DEFINED                211156        0        0
COST PLUS INC CALIF            COM              221485105     3.23      630 SH       DEFINED                   630        0        0
COSTCO WHSL CORP NEW           COM              22160K105    22793   324958 SH       DEFINED                324958        0        0
COVANCE INC                    COM              222816100    10724   124666 SH       DEFINED                124666        0        0
COVIDIEN LTD                   COM              G2552X108      149     3107 SH       DEFINED                  3107        0        0
CVS CAREMARK CORPORATION       COM              126650100       43     1000 SH       DEFINED                  1000        0        0
DELL INC                       COM              24702R101       73     3280 SH       DEFINED                  3280        0        0
DENTSPLY INTL INC NEW          COM              249030107        7      170 SH       DEFINED                   170        0        0
DIGITAL RLTY TR INC            COM              253868103      127     3000 SH       DEFINED                  3000        0        0
DISNEY WALT CO                 COM DISNEY       254687106       20      595 SH       DEFINED                   595        0        0
DOVER CORP                     COM              260003108        5       95 SH       DEFINED                    95        0        0
DR PEPPER SNAPPLE GROUP INC    COM              26138E109     1388    66175 SH       DEFINED                 66175        0        0
DUKE ENERGY CORP               COMMON           264399106       18     1000 SH       DEFINED                  1000        0        0
E M C CORP MASS                COM              268648102       31     2045 SH       DEFINED                  2045        0        0
EBAY INC                       COM              278642103     8487   310522 SH       DEFINED                310522        0        0
EL PASO CORP                   COM              28336L109        8      400 SH       DEFINED                   400        0        0
ELAN PLC                       ADR              284131208     3127    89541 SH       DEFINED                 89541        0        0
ELECTRONIC ARTS INC            COM              285512109     1099    24728 SH       DEFINED                 24728        0        0
EMERSON ELEC CO                COM              291011104     7797   157653 SH       DEFINED                157653        0        0
ENBRIDGE ENERGY PARTNERS L P   COM              29250R106      118     2348 SH       DEFINED                  2348        0        0
ENCANA CORP                    COM              292505104      226     2500 SH       DEFINED                  2500        0        0
ENERGY TRANSFER EQUITY L P     COM UT LTD PTN   29273V100       19      400 SH       DEFINED                   400        0        0
ERICSSON L M TEL CO            ADR B SEK 10     294821608        3      320 SH       DEFINED                   320        0        0
EXPEDITORS INTL WASH INC       COM              302130109      121     4500 SH       DEFINED                  4500        0        0
EXXON MOBIL CORP               COM              30231G102    30526   346436 SH       DEFINED                346436        0        0
FEDEX CORP                     COM              31428X106      138     1800 SH       DEFINED                  1800        0        0
FIRST SOLAR INC                COM              336433107       54      200 SH       DEFINED                   200        0        0
FLEXTRONICS INTL LTD           ORD              Y2573F102       72     6700 SH       DEFINED                  6700        0        0
FLIR SYS INC                   COM              302445101     1400    34517 SH       DEFINED                 34517        0        0
FLUOR CORP NEW                 COM              343412102       75      400 SH       DEFINED                   400        0        0
FOSTER WHEELER LIMITED         COMMON           G36535105     7443    97720 SH       DEFINED                 97720        0        0
FPL GROUP INC                  COM              302571104      169     2500 SH       DEFINED                  2500        0        0
FRANKLIN RES INC               COM              354613101     6403    69864 SH       DEFINED                 69864        0        0
FREEPORT-MCMORAN COPPER & GO   COM              35671D857    10244    87420 SH       DEFINED                 87420        0        0
GARMIN LTD                     ORD              G37260109     5714   133373 SH       DEFINED                133373        0        0
GENERAL CABLE CORP DEL NEW     COM              369300108      182     2570 SH       DEFINED                  2570        0        0
GENERAL DYNAMICS CORP          COM              369550108       92     1000 SH       DEFINED                  1000        0        0
GENERAL ELECTRIC CO            COM              369604103    14745   550698 SH       DEFINED                550698        0        0
GENERAL MLS INC                COM              370334104       94     1541 SH       DEFINED                  1541        0        0
GILEAD SCIENCES INC            COM              375558103      100     1800 SH       DEFINED                  1800        0        0
GLAXOSMITHKLINE PLC            SPONSORED ADR    37733W105      190     4287 SH       DEFINED                  4287        0        0
GOLDMAN SACHS GROUP INC        COM              38141G104    11446    65434 SH       DEFINED                 65434        0        0
HALLIBURTON CO                 COM              406216101    18396   346635 SH       DEFINED                346635        0        0
HEINZ H J CO                   COM              423074103       48     1011 SH       DEFINED                  1011        0        0
HESS CORP                      COM              42809H107    16579   131399 SH       DEFINED                131399        0        0
HEWLETT PACKARD CO             COM              428236103      169     3720 SH       DEFINED                  3720        0        0
HOLLY ENERGY PARTNERS L P      COM UT LTD PTN   435763107       23      500 SH       DEFINED                   500        0        0
HONEYWELL INTL INC             COM              438516106      379     7275 SH       DEFINED                  7275        0        0
ILLINOIS TOOL WKS INC          COM              452308109     3626    76344 SH       DEFINED                 76344        0        0
INGERSOLL-RAND COMPANY LTD     CL A             G4776G101      137     3108 SH       DEFINED                  3108        0        0
INTEL CORP                     COM              458140100    18733   870603 SH       DEFINED                870603        0        0
INTERNATIONAL BUSINESS MACHS   COM              459200101    15876   133788 SH       DEFINED                133788        0        0
INTERNATIONAL GAME TECHNOLOG   COM              459902102    11385   455764 SH       DEFINED                455764        0        0
INTERPUBLIC GROUP OF COS       COMMON           24656321         2      290 SH       DEFINED                   290        0        0
INTL PAPER CO                  COM              460146103       14      600 SH       DEFINED                   600        0        0
IONA TECHNOLOGIES PLC          SPONSORED ADR    46206P109       89    22996 SH       DEFINED                 22996        0        0
ISHARES INC                    MSCI HONG KONG   464286871       10      575 SH       DEFINED                   575        0        0
ISHARES INC                    MSCI JAPAN       464286848      374    30000 SH       DEFINED                 30000        0        0
ISHARES TR                     MSCI EMERG MKT   464287234       26      195 SH       DEFINED                   195        0        0
ISHARES TR                     S&P 500 INDEX    464287200      102      800 SH       DEFINED                   800        0        0
ITC HLDGS CORP                 COM              465685105      136     2500 SH       DEFINED                  2500        0        0
JABIL CIRCUIT INC              COM              466313103    15173   924622 SH       DEFINED                924622        0        0
JOHNSON & JOHNSON              COM              478160104    23380   363413 SH       DEFINED                363413        0        0
JOY GLOBAL INC                 COM              481165108      109     1300 SH       DEFINED                  1300        0        0
JP MORGAN CHASE & CO           COM              46625H100    16444   478212 SH       DEFINED                478212        0        0
JPM FLEMING FDS                AMERICA MICRO    005369720      153     1634 SH       DEFINED                  1634        0        0
KANSAS CITY SOUTHERN           COM NEW          485170302       25      500 SH       DEFINED                   500        0        0
KELLOGG CO                     COM              487836108    13537   281890 SH       DEFINED                281890        0        0
KRAFT FOODS INC                CL A             50075N104      191     5942 SH       DEFINED                  5942        0        0
LIBERTY MEDIA CORP             COMMON           530718105      137     8071 SH       DEFINED                  8071        0        0
LILLY ELI & CO                 COM              532457108        3       70 SH       DEFINED                    70        0        0
LINCOLN NATL CORP IND          COM              534187109    12258   270482 SH       DEFINED                270482        0        0
LOCKHEED MARTIN CORP           COM              539830109    11666   118244 SH       DEFINED                118244        0        0
LSI CORPORATION                COM              502161102        0       10 SH       DEFINED                    10        0        0
M & T BK CORP                  COM              55261F104  1883418 26700000 SH       DEFINED              26700000        0        0
MAGELLAN MIDSTREAM PRTNRS LP   COM UNIT RP LP   559080106      159     4100 SH       DEFINED                  4100        0        0
MANITOWOC INC                  COM              563571108     6533   200821 SH       DEFINED                200821        0        0
MARSH & MCLENNAN COS INC       COM              571748102       64     2400 SH       DEFINED                  2400        0        0
MCDONALDS CORP                 COM              580135101      418     7385 SH       DEFINED                  7385        0        0
MEDCO HEALTH SOLUTIONS INC     COM              58405U102       50     1048 SH       DEFINED                  1048        0        0
MERCK & CO INC                 COM              589331107     6404   169922 SH       DEFINED                169922        0        0
MERRILL LYNCH & CO INC         COM              590188108       44     1350 SH       DEFINED                  1350        0        0
METLIFE INC                    COM              59156R108      246     4661 SH       DEFINED                  4661        0        0
MICROCHIP TECHNOLOGY INC       COM              595017104    10745   351819 SH       DEFINED                351819        0        0
MICROSOFT CORP                 COM              594918104    13688   497309 SH       DEFINED                497309        0        0
MOLEX INC                      COM              608554101        3      125 SH       DEFINED                   125        0        0
MONSANTO CO NEW                COM              61166W101      127     1000 SH       DEFINED                  1000        0        0
MORGAN STANLEY                 COM NEW          617446448     3533    97960 SH       DEFINED                 97960        0        0
MORGAN STANLEY EMER MKTS FD    COM              61744G107       75     4300 SH       DEFINED                  4300        0        0
MOTOROLA INC                   COM              620076109     1225   166770 SH       DEFINED                166770        0        0
NABORS INDUSTRIES LTD          SHS              G6359F103    18626   378337 SH       DEFINED                378337        0        0
NASDAQ 100 TRUST               UNIT SERIES 1    631100104     6260     3080 SH       DEFINED                  3080        0        0
NATIONAL OILWELL VARCO INC     COM              637071101    20606   232264 SH       DEFINED                232264        0        0
NEWMONT MINING CORP            COM              651639106      176     3697 SH       DEFINED                  3697        0        0
NIKE INC                       CL B             654106103    14706   246704 SH       DEFINED                246704        0        0
NOBLE CORPORATION              SHS              G65422100     7902   121646 SH       DEFINED                121646        0        0
NOKIA CORP                     SPONSORED ADR    654902204        2       88 SH       DEFINED                    88        0        0
NORTHERN TR CORP               COM              665859104     9078   132378 SH       DEFINED                132378        0        0
NORTHROP GRUMMAN CORP          COM              666807102    47482   146265 SH       DEFINED                146265        0        0
NUCOR CORP                     COM              670346105    11749   157346 SH       DEFINED                157346        0        0
OCCIDENTAL PETE CORP DEL       COM              674599105      187     2052 SH       DEFINED                  2052        0        0
OMNICOM GROUP INC              COMMON           618919106       11      240 SH       DEFINED                   240        0        0
ORACLE CORP                    COM              68389X105      168     7710 SH       DEFINED                  7710        0        0
ORASURE TECHNOLOGIES INC       COM              68554V108      188    35000 SH       DEFINED                 35000        0        0
PAYCHEX INC                    COM              704326107        6      200 SH       DEFINED                   200        0        0
PEABODY ENERGY CORP            COM              704549104    21860   248635 SH       DEFINED                248635        0        0
PEPSICO INC                    COM              713448108    18355   288147 SH       DEFINED                288147        0        0
PETROLEO BRASILEIRO SA PETRO   SPONSORED ADR    71654V408      169     2400 SH       DEFINED                  2400        0        0
PETSMART INC                   COM              716768106       23     1000 SH       DEFINED                  1000        0        0
PFIZER INC                     COM              717081103     2126   120711 SH       DEFINED                120711        0        0
PHILIP MORRIS INTL INC         COM              718172109    23407   473925 SH       DEFINED                473925        0        0
PMC-SIERRA INC                 COM              69344F106       24     3068 SH       DEFINED                  3068        0        0
PRICE T ROWE GROUP INC         COM              74144T108     5965   105628 SH       DEFINED                105628        0        0
PROCTER & GAMBLE CO            COM              742718109    17494   287659 SH       DEFINED                287659        0        0
PRUDENTIAL FINL INC            COM              744320102     7105   118930 SH       DEFINED                118930        0        0
PSYCHIATRIC SOLUTIONS INC      COM              74439H108       18      500 SH       DEFINED                   500        0        0
PUBLIC SVC ENTERPRISE GROUP    COM              744573106     7314   159236 SH       DEFINED                159236        0        0
QUALCOMM INC                   COM              747525103       35      760 SH       DEFINED                   760        0        0
RAYTHEON CO                    COM NEW          755111507       26      400 SH       DEFINED                   400        0        0
ROCKWELL AUTOMATION INC        COM              773903109       96     1785 SH       DEFINED                  1785        0        0
ROWAN COS INC                  COM              779382100      151     3220 SH       DEFINED                  3220        0        0
RYANAIR HLDGS PLC              SPONSORED ADR    783513104       51     1870 SH       DEFINED                  1870        0        0
SCHEIN HENRY INC               COM              806407102      203     3935 SH       DEFINED                  3935        0        0
SCHERING PLOUGH CORP           COM              806605101      220    11085 SH       DEFINED                 11085        0        0
SCHLUMBERGER LTD               COM              806857108      879     8441 SH       DEFINED                  8441        0        0
SCO GROUP INC                  COM USD0.001     78403A106        0     1670 SH       DEFINED                  1670        0        0
SEASPAN CORP                   SHS              Y75638109      256     9500 SH       DEFINED                  9500        0        0
SHAW GROUP INC                 COM              820280105      555     9100 SH       DEFINED                  9100        0        0
SIGMA DESIGNS INC              COM              826565103       18     1250 SH       DEFINED                  1250        0        0
SKILLSOFT PLC                  SPONSORED ADR    830928107        8      825 SH       DEFINED                   825        0        0
SMURFIT-STONE CONTAINER CORP   COM              832727101       25     5989 SH       DEFINED                  5989        0        0
SOUTHERN CO                    COM              842587107    13794   395023 SH       DEFINED                395023        0        0
SPDR TR                        UNIT SER 1       78462F103    11493    89958 SH       DEFINED                 89958        0        0
SPX CORP                       COM              784635104       66      500 SH       DEFINED                   500        0        0
STERICYCLE INC                 COM              858912108       20      400 SH       DEFINED                   400        0        0
STRYKER CORP                   COM              863667101     7233   115023 SH       DEFINED                115023        0        0
SUNCOR ENERGY INC              COM              867229106      205     3000 SH       DEFINED                  3000        0        0
SUNOCO INC                     COM              86764P109      329     8092 SH       DEFINED                  8092        0        0
SUNTECH PWR HLDGS CO LTD       ADR              86800C104       21      500 SH       DEFINED                   500        0        0
SWISS HELVETIA FD INC          COM              870875101       82     5500 SH       DEFINED                  5500        0        0
SYMANTEC CORP                  COM              871503108    12068   623652 SH       DEFINED                623652        0        0
TARGET CORP                    COM              87612E106        5      100 SH       DEFINED                   100        0        0
TC PIPELINES LP                UT COM LTD PRT   87233Q108       35     1000 SH       DEFINED                  1000        0        0
TEXTRON INC                    COM              883203101       63     1000 SH       DEFINED                  1000        0        0
THERMO FISHER SCIENTIFIC INC   COM              883556102    15572   279373 SH       DEFINED                279373        0        0
TIME WARNER INC                COM              887317105       13      909 SH       DEFINED                   909        0        0
TOLL BROTHERS INC              COM              889478103      280    14600 SH       DEFINED                 14600        0        0
TRANSOCEAN INC                 COMMON           G90078109       52      349 SH       DEFINED                   349        0        0
TYCO INTERNATIONAL             COMMON           902124106       20      500 SH       DEFINED                   500        0        0
UCBH HOLDINGS INC              COM              90262T308        1      170 SH       DEFINED                   170        0        0
UNITED STATES STL CORP NEW     COM              912909108       59      320 SH       DEFINED                   320        0        0
UNITED TECHNOLOGIES CORP       COM              913017109     7102   115113 SH       DEFINED                115113        0        0
UNITEDHEALTH GROUP INC         COM              91324P102      201     7749 SH       DEFINED                  7749        0        0
US BANCORP DEL                 COM NEW          902973304    14342   514435 SH       DEFINED                514435        0        0
VALERO ENERGY CORP NEW         COM              91913Y100       31      600 SH       DEFINED                   600        0        0
VERIZON COMMUNICATIONS INC     COM              92343V104    10317   291431 SH       DEFINED                291431        0        0
VODAFONE GROUP PLC             SPON ADR         92857W100     1476    46000 SH       DEFINED                 46000        0        0
WACHOVIA CORP NEW              COM              929903102       50     2100 SH       DEFINED                  2100        0        0
WAL MART STORES INC            COM              931142103    29467   524296 SH       DEFINED                524296        0        0
WALGREEN CO                    COM              931422109       52     1450 SH       DEFINED                  1450        0        0
WASTE MGMT INC DEL             COM              94106L109        5      145 SH       DEFINED                   145        0        0
WELLS FARGO & CO NEW           COM              949746101      655    27285 SH       DEFINED                 27285        0        0
WPP                            ADR              BON4570       9141   191157 SH       DEFINED                191157        0        0
WYETH                          COM              983024100      433     9041 SH       DEFINED                  9041        0        0
XTO ENERGY INC                 COM              98385X106    11291   165050 SH       DEFINED                165050        0        0
YUM BRANDS INC                 COM              988498101     7288   207693 SH       DEFINED                207693        0        0
ZEBRA TECHNOLOGIES CORP        CL A             989207105       58     1555 SH       DEFINED                  1555        0        0
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