Instuitional Investor - Select Asset Management & Trust

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	151,842	$101,154	31.15%
2.	Spdr Dow Jones Ind Avg Etf Trust	DIA	58,149	$26,966	8.3%
3.	Vanguard Dividend Appreciation - ETF		121,789	$26,281	8.09%
4.	Vanguard Whitehall Funds		136,217	$19,200	5.91%
5.	Ishares Trust	VLUE	175,654	$16,401	5.05%