Instuitional Investor - Willis Investment Counsel

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Cisco Systems Inc.	CSCO	730,663	$78,641,259	3.99%
2.	Johnson & Johnson	JNJ	260,759	$69,033,338	3.51%
3.	Microsoft Corp	MSFT	124,219	$63,711,925	3.23%
4.	Texas Instruments Inc	TXN	204,331	$57,231,070	2.91%
5.	Paychex Inc	PAYX	484,114	$47,685,229	2.42%