Instuitional Investor - Monarch Capital Management Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	48,413	$18,059,018	4.14%
2.	Apple Inc.	AAPL	58,407	$16,900,654	3.87%
3.	Merck & Co. Inc.	MRK	119,322	$15,412,214	3.53%
4.	Cisco Systems Inc.	CSCO	128,027	$15,038,052	3.45%
5.	Johnson & Johnson	JNJ	57,752	$14,667,276	3.36%