Instuitional Investor - Select Asset Management & Trust

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	95,385	$48,338	23.81%
2.	Spdr Dow Jones Ind Avg Etf Trust	DIA	79,539	$29,976	14.76%
3.	Ishares Trust	IEF	178,048	$13,416	6.6%
4.	Ishares Trust	IEF	117,284	$12,696	6.25%
5.	Vanguard Dividend Appreciation		63,422	$10,807	5.32%