13F-HR 1 form13fhr.txt
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 13F
                               Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 6/30/2009
Check here if Amendment []; Amendment Number:
                                               -------
This Amendment (Check only one.):               [] is a restatement.
                                                [] adds new holdings entries.

Institutional Investment Manager Filing this Report:


Name:      Royal Bank of Canada Investment Management (UK) Limited

Address:   71 Queen Victoria Street
           EC4V 4DE
           London
           United Kingdom


Form 13F File Number: 28-11367


The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Persons Signing this Report on Behalf of Reporting Manager:

Name:   Paul Hecker
Title:  Head of Central Services Compliance, Europe & Asia
Phone:  +44 207 029 7547

Signature,  Place,  and  Date  of  Signing:

/s/ Paul Hecker                    London, United Kingdom             7/28/2009
---------------------------------  ---------------------------------  ----------
[Signature]                        [City, State]                      [Date]



Report  Type  (Check  only  one):

[X]     13F HOLDINGS REPORT. (Check here if all holdings of this reporting
        manager are reported in this report.)

[ ]     13F NOTICE. (Check here if no holdings reported are in this report,
        and all holdings are reported by other reporting manager(s).)

[ ]     13F COMBINATION REPORT. (Check here if a portion of the holdings for
        this reporting manager are reported in this report and a portion are
        reported by other reporting manager(s).)

List of Other Managers Reporting for this Manager:




                              Form 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                    0

Form 13F Information Table Entry Total:             232

Form 13F Information Table Value Total:  $   115,024.00
                                         --------------
                                         (In Thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE







                                                  FORM 13F INFORMATION TABLE

             COLUMN 1                  COLUMN 2      COLUMN 3  COLUMN 4     COLUMN 5       COLUMN 6  COLUMN 7      COLUMN 8
---------------------------------- ----------------- --------- -------- ----------------- ---------- -------- -------------------
                                                                VALUE   SHRS OR  SH/ PUT/ INVESTMENT  OTHER    VOTING AUTHORITY
          NAME OF ISSUER            TITLE OF CLASS     CUSIP   (x$1000) PRN AMT  PRN CALL DISCRETION MANAGERS  SOLE   SHARED NONE
---------------------------------- ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
                                                                                            
AFLAC INC                          COM               001055102      433   13,931 SH       DEFINED    1, 2      13,931      0    0
AGCO CORP                          COM               001084102      192    6,606 SH       DEFINED    1, 2       6,606      0    0
AES CORP                           COM               00130H105       46    3,936 SH       DEFINED    1          3,936      0    0
FOSTER WHEELER AG                  COM               H27178104       95    4,001 SH       DEFINED    1, 2       4,001      0    0
AT&T INC                           COM               00206R102      431   17,368 SH       DEFINED    1, 2      17,368      0    0
AMDOCS LTD                         ORD               G02602103      181    8,499 SH       DEFINED    1, 2       8,499      0    0
ABBOTT LABORATORIES                COM               002824100      610   12,969 SH       DEFINED    1, 2      12,969      0    0
WEATHERFORD INT LTD                REG               H27013103      136    6,859 SH       DEFINED    1, 2       6,859      0    0
AFFILIATED COMPUTER SERVICES INC   CL A              008190100       64    1,437 SH       DEFINED    1          1,437      0    0
AGILENT TECHNOLOGIES INC           COM               00846U101       44    2,157 SH       DEFINED    1, 2       2,157      0    0
AGRIUM INC                         COM               008916108       15      376 SH       DEFINED    1, 2         376      0    0
AIR PRODUCTS & CHEMICALS INC       COM               009158106      313    4,838 SH       DEFINED    1, 2       4,838      0    0
COVIDIEN PLC                       SHS               G2554F105       56    1,500 SH       DEFINED    1          1,500      0    0
ALCOA INC                          COM               013817101       24    2,342 SH       DEFINED    1          2,342      0    0
ALEXION PHARMACEUTICAL INC         COM               015351109      252    6,128 SH       DEFINED    1, 2       6,128      0    0
ALLEGHENY TECHNOLOGIES INC         COM               01741R102       68    1,960 SH       DEFINED    1, 2       1,960      0    0
ALLERGAN INC                       COM               018490102       59    1,235 SH       DEFINED    1, 2       1,235      0    0
ALTRIA GROUP INC                   COM               02209S103      570   34,760 SH       DEFINED    1, 2      34,760      0    0
AMERICA MOVIL SAB DE CV            SPON ADR L SHS    02364W105       72    1,858 SH       DEFINED    1, 2       1,858      0    0
AMERICAN EXPRESS CO                COM               025816109      111    4,784 SH       DEFINED    1          4,784      0    0
AMERICAN TOWER CORP                CL A              029912201       49    1,562 SH       DEFINED    1, 2       1,562      0    0
AMERISOURCEBERGEN CORPORATION      COM               03073E105      657   36,998 SH       DEFINED    1, 2      36,998      0    0
AMERIPRISE FINANCIAL INC           COM               03076C106       12      510 SH       DEFINED    1            510      0    0
ANADARKO PETROLEUM CORP            COM               032511107      600   13,235 SH       DEFINED    1, 2      13,235      0    0
AON CORPORATION                    COM               037389103      229    6,044 SH       DEFINED    1, 2       6,044      0    0
APACHE CORP                        COM               037411105      472    6,539 SH       DEFINED    1, 2       6,539      0    0
APOLLO GROUP INC                   CL A              037604105      109    1,527 SH       DEFINED    1, 2       1,527      0    0
APPLE INC                          COM               037833100    1,051    7,373 SH       DEFINED    1, 2       7,373      0    0
ASSURANT INC                       COM               04621X108      135    5,608 SH       DEFINED    1, 2       5,608      0    0
AUTOZONE INC                       COM               053332102       47      311 SH       DEFINED    1, 2         311      0    0
BCE INC                            COM NEW           05534B760       20      978 SH       DEFINED    1, 2         978      0    0
BP                                 SPONSORED ADR     055622104      277    5,804 SH       DEFINED    1, 2       5,804      0    0
BMC SOFTWARE INC                   COM               055921100      133    3,919 SH       DEFINED    1, 2       3,919      0    0
BALL CORP                          COM               058498106      296    6,562 SH       DEFINED    1, 2       6,562      0    0
BANK OF AMERICA CORPORATION        COM               060505104    1,366  103,747 SH       DEFINED    1, 2     103,747      0    0
BANK OF MONTREAL                   COM               063671101      129    3,057 SH       DEFINED    1, 2       3,057      0    0
BANK OF NEW YORK MELLON CORP       COM               064058100      661   22,532 SH       DEFINED    1, 2      22,532      0    0
BANK OF NOVA SCOTIA                COM               064149107      570   15,241 SH       DEFINED    1, 2      15,241      0    0
BARRICK GOLD CORP                  COM               067901108       74    2,205 SH       DEFINED    1, 2       2,205      0    0
BAXTER INTERNATIONAL INC           COM               071813109    1,235   23,320 SH       DEFINED    1, 2      23,320      0    0
BECTON DICKINSON & CO              COM               075887109      579    8,109 SH       DEFINED    1, 2       8,109      0    0
BERKSHIRE HATHAWAY INC             CL B              084670207      130       45 SH       DEFINED    1, 2          45      0    0
BEST BUY CO INC                    COM               086516101       86    2,564 SH       DEFINED    1, 2       2,564      0    0
BIOGEN IDEC INC                    COM               09062X103       41      907 SH       DEFINED    1, 2         907      0    0
BLOCK(H & R) INC                   COM               093671105      488   28,356 SH       DEFINED    1, 2      28,356      0    0
BOEING CO                          COM               097023105       49    1,153 SH       DEFINED    1, 2       1,153      0    0
BRISTOL-MYERS SQUIBB CO            COM               110122108      285   14,036 SH       DEFINED    1, 2      14,036      0    0
CME GROUP INC                      COM               12572Q105      119      381 SH       DEFINED    1, 2         381      0    0
CVS CAREMARK CORP                  COM               126650100    2,009   63,077 SH       DEFINED    1, 2      63,077      0    0
CAMECO CORP                        COM               13321L108       11      412 SH       DEFINED    1, 2         412      0    0
CANADIAN IMPERIAL BANK OF COMMERCE COM               136069101       40      805 SH       DEFINED    1, 2         805      0    0
CANADIAN NATIONAL RAILWAYS CO      COM               136375102       21      492 SH       DEFINED    1, 2         492      0    0
CANADIAN NATURAL RESOURCES LTD     COM               136385101      143    2,705 SH       DEFINED    1, 2       2,705      0    0
CANADIAN PACIFIC RAILWAYS          COM               13645T100      177    4,450 SH       DEFINED    1, 2       4,450      0    0
CANON INC                          ADR               138006309       49    1,500 SH       DEFINED    1          1,500      0    0
CELGENE CORP                       COM               151020104       63    1,312 SH       DEFINED    1, 2       1,312      0    0
CERNER CORP                        COM               156782104       96    1,534 SH       DEFINED    1, 2       1,534      0    0
CHEVRON CORPORATION                COM               166764100    2,165   32,666 SH       DEFINED    1, 2      32,666      0    0
CHURCH & DWIGHT                    COM               171340102      441    8,121 SH       DEFINED    1, 2       8,121      0    0
CISCO SYSTEMS INC                  COM               17275R102    1,215   65,157 SH       DEFINED    1, 2      65,157      0    0






                                                  FORM 13F INFORMATION TABLE

             COLUMN 1                  COLUMN 2      COLUMN 3  COLUMN 4     COLUMN 5       COLUMN 6  COLUMN 7      COLUMN 8
---------------------------------- ----------------- --------- -------- ----------------- ---------- -------- -------------------
                                                                VALUE   SHRS OR  SH/ PUT/ INVESTMENT  OTHER    VOTING AUTHORITY
          NAME OF ISSUER            TITLE OF CLASS     CUSIP   (x$1000) PRN AMT  PRN CALL DISCRETION MANAGERS  SOLE   SHARED NONE
---------------------------------- ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
                                                                                            
CITIGROUP INC                      COM               172967101        6    2,000 SH       DEFINED    1          2,000      0    0
COACH INC                          COM               189754104       73    2,722 SH       DEFINED    1, 2       2,722      0    0
COCA-COLA CO                       COM               191216100      246    5,135 SH       DEFINED    1, 2       5,135      0    0
COLGATE-PALMOLIVE CO               COM               194162103       90    1,265 SH       DEFINED    1, 2       1,265      0    0
COMCAST CORP                       CL A              20030N101       86    5,909 SH       DEFINED    1, 2       5,909      0    0
COMPANHIA DE BEBIDAS DAS AMERICAS  SPON ADR PFD      20441W203      334    5,159 SH       DEFINED    1, 2       5,159      0    0
CUMMINS INC                        COM               231021106      109    3,091 SH       DEFINED    1, 2       3,091      0    0
DANAHER CORP                       COM               235851102      109    1,763 SH       DEFINED    1, 2       1,763      0    0
DAVITA INC                         COM               23918K108       63    1,276 SH       DEFINED    1, 2       1,276      0    0
DIRECTV GROUP INC                  COM               25459L106      199    8,042 SH       DEFINED    1, 2       8,042      0    0
WALT DISNEY COMPANY (THE)          COM DISNEY        254687106      416   17,855 SH       DEFINED    1, 2      17,855      0    0
DOW CHEMICAL CO                    COM               260543103       11      711 SH       DEFINED    1            711      0    0
EATON VANCE CORP                   COM NON VTG       278265103      703   26,284 SH       DEFINED    1, 2      26,284      0    0
EBAY INC                           COM               278642103      358   20,916 SH       DEFINED    1, 2      20,916      0    0
ECOLAB INC                         COM               278865100      221    5,671 SH       DEFINED    1, 2       5,671      0    0
EL PASO CORP                       COM               28336L109      163   17,687 SH       DEFINED    1, 2      17,687      0    0
EMBARQ CORPORATION                 COM               29078E105      509   12,096 SH       DEFINED    1, 2      12,096      0    0
EMERSON ELECTRIC CO                COM               291011104       64    1,972 SH       DEFINED    1, 2       1,972      0    0
ENCANA CORPORATION                 COM               292505104      217    4,365 SH       DEFINED    1, 2       4,365      0    0
ENBRIDGE INC                       COM               29250N105        9      269 SH       DEFINED    1, 2         269      0    0
ESTERLINE TECHNOLOGIES CORP        COM               297425100      173    6,403 SH       DEFINED    1, 2       6,403      0    0
EXPRESS SCRIPTS INC ESI            COM               302182100      121    1,755 SH       DEFINED    1, 2       1,755      0    0
EXXON MOBIL CORP                   COM               30231G102       89    1,278 SH       DEFINED    1, 2       1,278      0    0
FLIR SYSTEMS INC                   COM               302445101      446   19,747 SH       DEFINED    1, 2      19,747      0    0
FTI CONSULTING INC                 COM               302941109      507   10,004 SH       DEFINED    1, 2      10,004      0    0
FIDELITY NATL INFORMATION SERVICES COM               31620M106       60    3,000 SH       DEFINED    1          3,000      0    0
FIDELITY NATIONAL FINANCIAL        CL A              31620R105      241   17,856 SH       DEFINED    1, 2      17,856      0    0
FISERV INC                         COM               337738108       68    1,497 SH       DEFINED    1          1,497      0    0
FLUOR CORP                         COM               343412102       46      894 SH       DEFINED    1, 2         894      0    0
FRANKLIN RESOURCES INC             COM               354613101       24      340 SH       DEFINED    1            340      0    0
GAP INC                            COM               364760108      413   25,188 SH       DEFINED    1, 2      25,188      0    0
GENERAL DYNAMICS CORP              COM               369550108      433    7,815 SH       DEFINED    1, 2       7,815      0    0
GENERAL ELECTRIC CO                COM               369604103      210   17,905 SH       DEFINED    1, 2      17,905      0    0
GENERAL MILLS INC                  COM               370334104      721   12,849 SH       DEFINED    1, 2      12,849      0    0
GENZYME CORP                       COM               372917104      556    9,981 SH       DEFINED    1, 2       9,981      0    0
GILEAD SCIENCES INC                COM               375558103      330    7,046 SH       DEFINED    1, 2       7,046      0    0
GILDAN ACTIVEWEAR INC              COM               375916103      167   11,303 SH       DEFINED    1, 2      11,303      0    0
GLAXOSMITHKLINE                    SPONSORED ADR     37733W105      244    6,904 SH       DEFINED    1, 2       6,904      0    0
GOLDCORP INC                       COM               380956409       11      321 SH       DEFINED    1, 2         321      0    0
GOLDMAN SACHS GROUP INC            COM               38141G104      443    3,010 SH       DEFINED    1, 2       3,010      0    0
GOODRICH CORP                      COM               382388106       83    1,651 SH       DEFINED    1, 2       1,651      0    0
GOOGLE INC                         CL A              38259P508      425    1,007 SH       DEFINED    1, 2       1,007      0    0
CGI GROUP INC                      CL A SUB VTG      39945C109       13    1,517 SH       DEFINED    1, 2       1,517      0    0
HEWITT ASSOCIATES                  COM               42822Q100      219    7,367 SH       DEFINED    1, 2       7,367      0    0
HEWLETT PACKARD CO                 COM               428236103    2,238   57,923 SH       DEFINED    1, 2      57,923      0    0
HONEYWELL INTERNATIONAL INC        COM               438516106       14      456 SH       DEFINED    1, 2         456      0    0
IMS HEALTH INC                     COM               449934108       25    1,953 SH       DEFINED    1          1,953      0    0
IAMGOLD CORP                       COM               450913108       13    1,266 SH       DEFINED    1, 2       1,266      0    0
ILLINOIS TOOL WORKS INC            COM               452308109       74    1,990 SH       DEFINED    1, 2       1,990      0    0
IMPERIAL OIL                       COM NEW           453038408       14      367 SH       DEFINED    1, 2         367      0    0
INTEL CORP                         COM               458140100    1,093   66,095 SH       DEFINED    1, 2      66,095      0    0
INTERNATIONAL BUS MACH CORP        COM               459200101    2,112   20,239 SH       DEFINED    1, 2      20,239      0    0
INTUIT INC                         COM               461202103      401   14,231 SH       DEFINED    1, 2      14,231      0    0
IRON MOUNTAIN INC                  COM               462846106       88    3,042 SH       DEFINED    1, 2       3,042      0    0
ISHARES INC                        MSCI PAC J IDX    464286665      906   28,656 SH       DEFINED    1, 2      28,656      0    0
ISHARES INC                        MSCI UTD KINGD    464286699      493   37,514 SH       DEFINED    1, 2      37,514      0    0
ISHARES INC                        MSCI JAPAN        464286848      584   61,990 SH       DEFINED    1, 2      61,990      0    0
ISHARES TRUST                      BARCLYS TIPS BD   464287176      118    1,158 SH       DEFINED    1, 2       1,158      0    0
ISHARES TRUST                      S&P 500 INDEX     464287200    1,508   16,337 SH       DEFINED    1, 2      16,337      0    0
ISHARES TRUST                      BARCLYS US AGG B  464287226    1,468   14,377 SH       DEFINED    1, 2      14,377      0    0






                                                  FORM 13F INFORMATION TABLE

             COLUMN 1                  COLUMN 2      COLUMN 3  COLUMN 4     COLUMN 5       COLUMN 6  COLUMN 7      COLUMN 8
---------------------------------- ----------------- --------- -------- ----------------- ---------- -------- -------------------
                                                                VALUE   SHRS OR  SH/ PUT/ INVESTMENT  OTHER    VOTING AUTHORITY
          NAME OF ISSUER            TITLE OF CLASS     CUSIP   (x$1000) PRN AMT  PRN CALL DISCRETION MANAGERS  SOLE   SHARED NONE
---------------------------------- ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
                                                                                            
ISHARES TRUST                      MSCI EMERG MKT    464287234    2,003   62,100 SH       DEFINED    1         62,100      0    0
ISHARES TRUST                      IBOXX INV CPBD    464287242      154    1,537 SH       DEFINED    1, 2       1,537      0    0
ISHARES TRUST                      BARCLYS 7-10 YR   464287440       73      800 SH       DEFINED    1, 2         800      0    0
ISHARES TRUST                      BARCLYS 1-3 YR    464287457      538    6,430 SH       DEFINED    1, 2       6,430      0    0
ISHARES TRUST                      MSCI EAFE IDX     464287465      670   14,604 SH       DEFINED    1         14,604      0    0
ISHARES TRUST                      S&P GLB100INDX    464287572       18      360 SH       DEFINED    1, 2         360      0    0
ISHARES TRUST                      S&P EURO PLUS     464287861    1,824   58,185 SH       DEFINED    1, 2      58,185      0    0
JP MORGAN CHASE & CO               COM               46625H100    3,147   92,044 SH       DEFINED    1, 2      92,044      0    0
JACOBS ENGINEERING GROUP INC       COM               469814107       40      961 SH       DEFINED    1, 2         961      0    0
JOHNSON & JOHNSON                  COM               478160104    1,258   22,153 SH       DEFINED    1, 2      22,153      0    0
KB HOME                            COM               48666K109        2      175 SH       DEFINED    1, 2         175      0    0
KINROSS GOLD CORP                  COM NO PAR        496902404       14      763 SH       DEFINED    1, 2         763      0    0
KRAFT FOODS INC                    CL A              50075N104       64    2,515 SH       DEFINED    1, 2       2,515      0    0
L-3 COMMUNICATIONS CORP            COM               502424104      137    1,969 SH       DEFINED    1, 2       1,969      0    0
LINCOLN NATIONAL CORP              COM               534187109      252   14,678 SH       DEFINED    1, 2      14,678      0    0
LOCKHEED MARTIN CORP               COM               539830109      855   10,596 SH       DEFINED    1, 2      10,596      0    0
LOWE'S COMPANIES INC               COM               548661107      575   29,636 SH       DEFINED    1, 2      29,636      0    0
MEMC ELECTRONICS MATERIALS INC     COM               552715104      101    5,650 SH       DEFINED    1, 2       5,650      0    0
MANULIFE FINANCIAL CORP            COM               56501R106       28    1,610 SH       DEFINED    1          1,610      0    0
MARATHON OIL CORPORATION           COM               565849106       90    2,983 SH       DEFINED    1, 2       2,983      0    0
MASTERCARD INC                     CL A              57636Q104      643    3,838 SH       DEFINED    1, 2       3,838      0    0
MCDONALD'S CORPORATION             COM               580135101    2,499   43,486 SH       DEFINED    1, 2      43,486      0    0
MEDCO HEALTH SOLUTIONS INC         COM               58405U102      394    8,642 SH       DEFINED    1, 2       8,642      0    0
MEDTRONIC INC                      COM               585055106      115    3,290 SH       DEFINED    1, 2       3,290      0    0
MERCK & CO INC                     COM               589331107       84    3,000 SH       DEFINED    1          3,000      0    0
METLIFE INC                        COM               59156R108      235    7,827 SH       DEFINED    1, 2       7,827      0    0
METROPCS COMMUNICATIONS INC        COM               591708102      155   11,642 SH       DEFINED    1, 2      11,642      0    0
MICROSOFT CORP                     COM               594918104    2,240   94,138 SH       DEFINED    1, 2      94,138      0    0
MIDCAP SPDR TRUST                  UNIT SER 1        595635103       76      726 SH       DEFINED    1, 2         726      0    0
MOLSON COORS BREWING COMPANY       CL A              60871R100        -    4,132 SH       DEFINED    1          4,132      0    0
MOLSON COORS BREWING COMPANY       CL B              60871R209      213   11,731 SH       DEFINED    1, 2      11,731      0    0
MONSANTO CO                        COM               61166W101      243    3,269 SH       DEFINED    1, 2       3,269      0    0
MORGAN STANLEY                     COM NEW           617446448      736   25,832 SH       DEFINED    1, 2      25,832      0    0
MURPHY OIL CORP                    COM               626717102      470    8,640 SH       DEFINED    1, 2       8,640      0    0
NII HOLDINGS INC                   CL B NEW          62913F201      112    5,871 SH       DEFINED    1, 2       5,871      0    0
NATIONAL BANK OF GREECE            SPONSORED ADR     633643408      987  181,021 SH       DEFINED    1, 2     181,021      0    0
NATIONAL OILWELL VARCO INC         COM               637071101       70    2,135 SH       DEFINED    1, 2       2,135      0    0
NEWMONT MINING CORP                COM               651639106       96    2,349 SH       DEFINED    1, 2       2,349      0    0
NEXEN INC                          COM               65334H102        8      348 SH       DEFINED    1, 2         348      0    0
NIKE INC                           CL B              654106103    1,118   21,588 SH       DEFINED    1, 2      21,588      0    0
NORDSTROM INC                      COM               655664100       75    3,775 SH       DEFINED    1, 2       3,775      0    0
NORTHERN TRUST CORP                COM               665859104       91    1,697 SH       DEFINED    1, 2       1,697      0    0
NUANCE COMMUNICATIONS INC          COM               67020Y100      264   21,788 SH       DEFINED    1, 2      21,788      0    0
NUCOR CORP                         COM               670346105       95    2,133 SH       DEFINED    1, 2       2,133      0    0
OCCIDENTAL PETROLEUM CORP          COM               674599105      819   12,450 SH       DEFINED    1, 2      12,450      0    0
OMNICOM GROUP INC                  COM               681919106       52    1,649 SH       DEFINED    1, 2       1,649      0    0
OPEN TEXT CO                       COM               683715106        4      119 SH       DEFINED    1, 2         119      0    0
ORACLE CORP                        COM               68389X105    1,524   71,107 SH       DEFINED    1, 2      71,107      0    0
PAYCHEX INC                        COM               704326107      100    3,957 SH       DEFINED    1, 2       3,957      0    0
PEPSICO INC                        COM               713448108      343    6,241 SH       DEFINED    1, 2       6,241      0    0
TELEKOMUNIKASI INDONESIA(PERSERO)  SPONSORED ADR     715684106      173    5,760 SH       DEFINED    1, 2       5,760      0    0
PETRO-CANADA                       COM               71644E102    1,165   30,138 SH       DEFINED    1, 2      30,138      0    0
PFIZER INC                         COM               717081103    1,045   69,676 SH       DEFINED    1, 2      69,676      0    0
PHILIP MORRIS INTERNATIONAL INC    COM               718172109    1,264   28,969 SH       DEFINED    1, 2      28,969      0    0
POTASH CORP OF SASKATCHEWAN        COM               73755L107       88      946 SH       DEFINED    1, 2         946      0    0
PRAXAIR INC                        COM               74005P104       81    1,135 SH       DEFINED    1, 2       1,135      0    0
PRICELINE.COM INC                  COM NEW           741503403      793    7,120 SH       DEFINED    1, 2       7,120      0    0
PROCTER & GAMBLE CO                COM               742718109      335    6,561 SH       DEFINED    1, 2       6,561      0    0
PROGRESSIVE CORP(OHIO)             COM               743315103       49    3,235 SH       DEFINED    1, 2       3,235      0    0
PRUDENTIAL FINANCIAL INC           COM               744320102      271    7,279 SH       DEFINED    1, 2       7,279      0    0






                                                  FORM 13F INFORMATION TABLE

             COLUMN 1                  COLUMN 2      COLUMN 3  COLUMN 4     COLUMN 5       COLUMN 6  COLUMN 7      COLUMN 8
---------------------------------- ----------------- --------- -------- ----------------- ---------- -------- -------------------
                                                                VALUE   SHRS OR  SH/ PUT/ INVESTMENT  OTHER    VOTING AUTHORITY
          NAME OF ISSUER            TITLE OF CLASS     CUSIP   (x$1000) PRN AMT  PRN CALL DISCRETION MANAGERS  SOLE   SHARED NONE
---------------------------------- ----------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ----
                                                                                            
QUALCOMM INC                       COM               747525103      496   10,968 SH       DEFINED    1, 2      10,968      0    0
QUESTAR CORP                       COM               748356102       67    2,145 SH       DEFINED    1, 2       2,145      0    0
RAYTHEON CO                        COM NEW           755111507      623   14,009 SH       DEFINED    1, 2      14,009      0    0
REPUBLIC SERVICES INC              COM               760759100      190    7,794 SH       DEFINED    1, 2       7,794      0    0
RESEARCH IN MOTION                 COM               760975102      344    4,842 SH       DEFINED    1, 2       4,842      0    0
ROYAL BANK OF CANADA               COM               780087102      835   20,414 SH       DEFINED    1, 2      20,414      0    0
ROYAL DUTCH SHELL                  SPONS ADR A       780259206      214    4,255 SH       DEFINED    1, 2       4,255      0    0
SPDR TRUST                         UNIT SER 1        78462F103   22,164  240,779 SH       DEFINED    1, 2     240,779      0    0
SPX CORP                           COM               784635104       11      229 SH       DEFINED    1, 2         229      0    0
SPDR GOLD TRUST                    GOLD SHS          78463V107    5,045   55,334 SH       DEFINED    1, 2      55,334      0    0
SPDR SERIES TRUST                  BRCLYS INTL ETF   78464A516    1,800   32,785 SH       DEFINED    1, 2      32,785      0    0
ST.JUDE MEDICAL INC                COM               790849103       88    2,146 SH       DEFINED    1, 2       2,146      0    0
SARA LEE CORP                      COM               803111103       10    1,050 SH       DEFINED    1          1,050      0    0
SCHLUMBERGER LIMITED               COM               806857108      103    1,904 SH       DEFINED    1, 2       1,904      0    0
SIMON PROPERTY GROUP INC           COM               828806109        1       20 SH       DEFINED    1             20      0    0
SOUTHERN CO.                       COM               842587107      577   18,515 SH       DEFINED    1, 2      18,515      0    0
SOUTHWESTERN ENERGY CO             COM               845467109       92    2,375 SH       DEFINED    1, 2       2,375      0    0
SUN LIFE FINANCIAL INC             COM               866796105       22      800 SH       DEFINED    1            800      0    0
SUNCOR ENERGY                      COM               867229106       74    2,426 SH       DEFINED    1, 2       2,426      0    0
SYMANTEC CORP                      COM               871503108       95    6,092 SH       DEFINED    1, 2       6,092      0    0
TAIWAN SEMICONDUCTOR MANUFACTURING SPONSORED ADR     874039100      353   37,565 SH       DEFINED    1, 2      37,565      0    0
TALISMAN ENERGY INC                COM               87425E103       86    6,007 SH       DEFINED    1, 2       6,007      0    0
TARGET CORP                        COM               87612E106      388    9,839 SH       DEFINED    1, 2       9,839      0    0
TECK RESOURCES LIMITED             CL B              878742204        8      532 SH       DEFINED    1, 2         532      0    0
TESORO CORPORATION                 COM               881609101      161   12,630 SH       DEFINED    1, 2      12,630      0    0
TEVA PHARMACEUTICAL INDUSTRIES     ADR               881624209    1,666   33,739 SH       DEFINED    1, 2      33,739      0    0
TEXAS INSTRUMENTS INC              COM               882508104      104    4,888 SH       DEFINED    1, 2       4,888      0    0
THERMO FISHER SCIENTIFIC INC       COM               883556102       59    1,446 SH       DEFINED    1          1,446      0    0
THOMSON-REUTERS CO                 COM               884903105       12      411 SH       DEFINED    1, 2         411      0    0
3M COMPANY                         COM               88579Y101      144    2,400 SH       DEFINED    1          2,400      0    0
TORONTO-DOMINION BANK              COM NEW           891160509      198    3,826 SH       DEFINED    1, 2       3,826      0    0
TRANSCANADA CORPORATION            COM               89353D107       46    1,696 SH       DEFINED    1, 2       1,696      0    0
TRAVELERS CO INC (THE)             COM               89417E109      438   10,668 SH       DEFINED    1, 2      10,668      0    0
US BANCORP                         COM NEW           902973304       81    4,507 SH       DEFINED    1, 2       4,507      0    0
ULTRA PETROLEUM CORP               COM               903914109      188    4,834 SH       DEFINED    1, 2       4,834      0    0
UNION PACIFIC CORP                 COM               907818108    1,050   20,161 SH       DEFINED    1, 2      20,161      0    0
UNITED PARCEL SERVICE INC          CL B              911312106       79    1,571 SH       DEFINED    1, 2       1,571      0    0
V F CORP                           COM               918204108       98    1,765 SH       DEFINED    1, 2       1,765      0    0
VALERO ENERGY CORP(NEW)            COM               91913Y100      311   18,439 SH       DEFINED    1, 2      18,439      0    0
VERIZON COMMUNICATIONS             COM               92343V104      115    3,743 SH       DEFINED    1, 2       3,743      0    0
VODAFONE GROUP                     SPONS ADR NEW     92857W209      136    7,000 SH       DEFINED    1          7,000      0    0
WMS INDUSTRIES                     COM               929297109      263    8,366 SH       DEFINED    1, 2       8,366      0    0
WAL-MART STORES INC                COM               931142103    2,029   41,910 SH       DEFINED    1, 2      41,910      0    0
WELLPOINT INC                      COM               94973V107      210    4,133 SH       DEFINED    1, 2       4,133      0    0
WELLS FARGO & COMPANY              COM               949746101        5      215 SH       DEFINED    1, 2         215      0    0
WESTERN UNION COMPANY (THE)        COM               959802109      158    9,609 SH       DEFINED    1, 2       9,609      0    0
WYETH                              COM               983024100      178    3,920 SH       DEFINED    1          3,920      0    0
XTO ENERGY INC                     COM               98385X106      497   13,022 SH       DEFINED    1, 2      13,022      0    0
XCEL ENERGY INC                    COM               98389B100       17      937 SH       DEFINED    1            937      0    0
ACCENTURE LTD BERMUDA              CL A              G1150G111      796   23,769 SH       DEFINED    1, 2      23,769      0    0
OPENTV CORP                        CL A              G67543101        0      366 SH       DEFINED    1, 2         366      0    0
TYCO ELECTRONICS L                 COM NEW           G9144P105       52    2,790 SH       DEFINED    1          2,790      0    0
ROYAL BANK OF CANADA INVESTMENT MANAGEMENT (UK) LTD 13F-HR
