Instuitional Investor - Central Pacific Bank - Trust Division

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	81,926	$46,034,220	6.37%
2.	Spdr S & P 500 Etf Trust	SPY	40,112	$22,438,251	3.1%
3.	Apple Inc.	AAPL	91,378	$20,297,795	2.81%
4.	Microsoft Corp	MSFT	50,321	$18,890,000	2.61%
5.	Ishares Tr		399,166	$18,393,569	2.54%