Instuitional Investor - Palisades Hudson Asset Management, L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Trust	IEF	293,335	$30,234	14.66%
2.	Spdr S & P 500 Etf Trust	SPY	38,492	$18,296	8.87%
3.	Vanguard Index Fds		60,850	$14,435	7%
4.	Ishares Trust	IEF	103,798	$12,989	6.29%
5.	Ishares Trust	IEF	25,928	$12,384	6%