Instuitional Investor - Sullivan, Bruyette, Speros & Blaney, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	1,269,088	$502,978,000	22.19%
2.	Vanguard Whitehall Funds		2,233,523	$225,787,000	9.96%
3.	Vanguard Tax-Managed Intl Fd		3,200,305	$157,167,000	6.93%
4.	Vanguard Index Fds		792,639	$146,876,000	6.47%
5.	Vanguard Intl Equity Index Funds	VWO	2,533,415	$131,864,000	5.81%