Instuitional Investor - West Chester Capital Advisors, Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		123,040	$84,505,102	56.25%
2.	Ishares Trust	IEF	105,080	$9,937,415	6.61%
3.	Ishares Tr		82,174	$9,651,335	6.42%
4.	Vanguard Scottsdale Funds	VCIT	65,185	$3,793,766	2.53%
5.	Ameriserv Financial Inc	ASRV	889,464	$3,451,122	2.3%