Instuitional Investor - Investment Counsel Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Scottsdale Funds		386,189	$31,861,000	22.41%
2.	Apple Inc.	AAPL	55,578	$6,789,000	4.77%
3.	Microsoft Corp	MSFT	24,523	$5,782,000	4.06%
4.	Nike Inc.	NKE	42,476	$5,645,000	3.97%
5.	Intel Corp	INTC	70,572	$4,517,000	3.17%