Instuitional Investor - Cairn Investment Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Total International S		307,719	$23,728	11.79%
2.	Vanguard Intl Equity Index Funds	VWO	215,017	$11,622	5.78%
3.	Ishares Inc	EEM	284,790	$10,933	5.43%
4.	Spdr Ser Tr		105,875	$9,702	4.82%
5.	Apple Inc.	AAPL	37,565	$9,534	4.74%