UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

Form 13F

Form 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:  March 31, 2005

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:	   A.G. Edwards, Inc.
Address:   One North Jefferson
	   St. Louis, MO  63103

Form 13F File Number:	  28-4192

The institutional investment manager filing this report and the person by who 
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.

Person Signing this Report on Behalf of Reporting Manager:

Name:	   Joseph G. Porter
	   Assistant Treasurer
	   314-955-3462

Signature, Place, and Date of Signing:

	   /s/ Joseph G. Porter	   St. Louis, MO	05/12/05
	       [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:
[If there are no entries in this list, omit this section.]






Form 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:	2

Form 13F Information Table Entry Total:	296

Form 13F Information Table Value Total:	$3,706,204 
	                                   (thousands)


List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all 
institutional investment managers with respect to which this report is filed, 
other than the manager filing this report.

[If there are no entries in this list, state "NONE" and omit the column 
headings and list entries.]

	   No.	   Form 13F File Number	        Name
	   1	        28-3548                 A.G. Edwards & Sons, Inc.
	   2	        28-6731	                A.G. Edwards Trust Company FSB








                                                                                                                              
                                                             VALUE    SHARES/ SH/ PUT/ INVSTMT            -----VOTING AUTHORITY-----
  NAME OF ISSUER                 -TITLE OF CLASS- --CUSIP-- (x$1000)  PRN AMT PRN CALL DSCRETN -MANAGERS-     SOLE   SHARED     NONE
                                                                                               
D AFLAC INC                      COM              001055102      842    22604          DEFINED 01 02         22604        0        0
D ABBOTT LABORATORIES            COM              002824100     3435    73676          DEFINED 01 02         65238        0     8438
D ACETO CORP                     COM              004446100       74    10024          DEFINED 01 02         10024        0        0
D ADESA INC                      COM              00686U104    28194  1206919          DEFINED 01 02       1206919        0        0
D AFFILIATED COMPUTER SVCS INC   COM              008190100     1075    20194          DEFINED 01 02           252        0    19942
D AFFILIATED MANAGERS GROUP INC  COM              008252108     4799    77367          DEFINED 02            77367        0        0
D ALCOA INC                      COM              013817101     3584   117944          DEFINED 01 02        107034        0    10910
D +ALLIED CAPITAL CORP NEW       COM              01903Q108      232     8881          DEFINED 01 02          8881        0        0
D ALLSTATE CORP                  COM              020002101     2293    42426          DEFINED 01 02         42011        0      415
D ALTRIA GROUP INC               COM              02209S103     1264    19324          DEFINED 01 02         19199        0      125
D AMBASSADORS GROUP INC          COM              023177108     4322   129320          DEFINED 01           129320        0        0
D AMEREN CORP                    COM              023608102     1257    25639          DEFINED 01 02         25639        0        0
D * AMERICAN CAP STRATEGIES LTD  COM              024937104      409    13032          DEFINED 01 02         13032        0        0
D AMERICAN EXPRESS CO            COM              025816109    25565   497661          DEFINED 01 02        496466        0     1195
D AMERICAN INTL GROUP INC        COM              026874107     7083   127832          DEFINED 01 02        120394        0     7438
D * AMGEN                        COM              031162100     1532    26315          DEFINED 01 02          1678        0    24637
D AMSOUTH BANCORPORATION         COM              032165102      306    11788          DEFINED 01 02         11788        0        0
D ANADARKO PETROLEUM CORP        COM              032511107      753     9899          DEFINED 01 02          4761        0     5138
D ANHEUSER-BUSCH COS INC         COM              035229103    58667  1237959          DEFINED 01 02       1228535        0     9424
D +ANNALY MORTGAGE MGMT INC      COM              035710409    23167  1234926          DEFINED 01          1234926        0        0
D APOLLO GROUP INC               COM              037604105      562     7588          DEFINED 01                0        0     7588
D APOLLO INVESTMENT CORP         COM              03761U106    23436  1396640          DEFINED 01          1396640        0        0
D ASHFORD HOSPITALITY TRUST INC  COM              044103109     3954   387655          DEFINED 01           387655        0        0
D AUTOMATIC DATA PROCESSING INC  COM              053015103     3313    73709          DEFINED 01 02         73609        0      100
D AVERY DENNISON CORP            COM              053611109    18037   291250          DEFINED 01           291250        0        0
D BP P.L.C. SPONSORED ADR        COM              055622104    22827   365822          DEFINED 01 02        363432        0     2390
D BAKER HUGHES INC               COM              057224107      344     7740          DEFINED 01 02          7540        0      200
D BALL CORP                      COM              058498106     1345    32420          DEFINED 01                0        0    32420
D BANK OF AMERICA CORP           COM              060505104     5401   122481          DEFINED 01 02        111163        0    11318
D BECTON DICKINSON CO            COM              075887109      734    12567          DEFINED 01 02          7723        0     4844
D * BED BATH & BEYOND INC        COM              075896100     1183    32372          DEFINED 01 02          1050        0    31322
D BELLSOUTH CORPORATION          COM              079860102     1206    45876          DEFINED 01 02         45876        0        0
D BERKSHIRE HATHAWAY INC         COM              084670108      261        3          DEFINED 02                3        0        0
D BERKSHIRE HATHAWAY INC DEL     COM              084670207    30394    10642          DEFINED 01 02         10592        0       50
D * BIOMET INC                   COM              090613100      793    21850          DEFINED 01              501        0    21349
D H & R BLOCK INC                COM              093671105      402     7941          DEFINED 01 02          7941        0        0
D BOEING COMPANY                 COM              097023105      399     6831          DEFINED 01 02          5981        0      850
D BOSTON SCIENTIFIC CORP         COM              101137107      359    12250          DEFINED 01 02           250        0    12000
D BRISTOL-MYERS SQUIBB CO        COM              110122108      803    31523          DEFINED 01 02         30723        0      800
D BROWN & BROWN INC              COM              115236101     3004    65179          DEFINED 01            65179        0        0
D BRUNSWICK CORP                 COM              117043109      222     4729          DEFINED 01 02          4429        0      300
D BURLINGTON NORTHERN SANTA FE   COM              12189T104     1460    27075          DEFINED 01 02         23690        0     3385
D BURLINGTON RESOURCES INC       COM              122014103      385     7697          DEFINED 01 02          2439        0     5258
D CPI CORP                       COM              125902106     1593   105515          DEFINED 01           105515        0        0
D CADBURY SCHWEPPES PLC ADR #    COM              127209302    46800  1149865          DEFINED 01 02       1149865        0        0
D CALIFORNIA PIZZA KITCHEN INC   COM              13054D109     5222   222776          DEFINED 01           222776        0        0
D CAMPBELL SOUP CO               COM              134429109      409    14100          DEFINED 01 02         14100        0        0
D CDN IMPERIAL BK COMMERCE       COM              136069101      242     4000          DEFINED 01 02          4000        0        0
D CANADIAN NATURAL RESOURCES LTD COM              136385101      477     8401          DEFINED 01 02          8401        0        0
D CAPITAL ONE FINANCIAL CORP     COM              14040H105    37320   499129          DEFINED 01 02        497323        0     1806
D CARNIVAL CORP                  COM              143658300      387     7461          DEFINED 01 02          2448        0     5013
D CATERPILLAR INC                COM              149123101     2836    31015          DEFINED 01 02         28712        0     2303
D CEMEX S.A. DE C.V. NEW         COM              151290889      337     9294          DEFINED 01             9294        0        0
D CHARLES RIVER LABS INTL INC    COM              159864107    13235   281366          DEFINED 02           281366        0        0
D CHEVRONTEXACO CORP             COM              166764100    57831   991793          DEFINED 01 02        983339        0     8454
D CHOICE HOTELS INTL INC NEW     COM              169905106     1613    26038          DEFINED 01 02         26038        0        0
D * CINCINNATI FINANCIAL CORP    COM              172062101      269     6168          DEFINED 01 02          6168        0        0
D CINERGY CORP                   COM              172474108      565    13932          DEFINED 01 02          8205        0     5727
D * CISCO SYSTEMS INC            COM              17275R102      990    55336          DEFINED 01 02         39047        0    16289
D CINTAS CORPORATION             COM              172908105      248     5999          DEFINED 01                0        0     5999
D CITIGROUP INC                  COM              172967101     2727    60681          DEFINED 01 02         27483        0    33198
D CLEAR CHANNEL COMMUNICATIONS   COM              184502102    57210  1659711          DEFINED 01 02       1659311        0      400
D CLOROX CO                      COM              189054109      289     4588          DEFINED 01 02          4588        0        0
D COCA-COLA CO                   COM              191216100     4302   103231          DEFINED 01 02        103231        0        0
D COLGATE-PALMOLIVE CO           COM              194162103     1945    37283          DEFINED 01 02         36888        0      395
D * COMCAST CORP NEW CL A        COM              20030N101      683    20229          DEFINED 01 02         15594        0     4635
D * COMCAST CORP NEW CL A SPL    COM              20030N200    36051  1078068          DEFINED 01 02       1076243        0     1825
D CONAGRA FOODS INC              COM              205887102    21035   778488          DEFINED 01 02        777338        0     1150
D CONOCOPHILLIPS                 COM              20825C104     4922    45647          DEFINED 01 02         41782        0     3865
D * CONOR MEDSYSTEMS INC         COM              208264101      253    15547          DEFINED 01            15547        0        0
D CONSOLIDATED EDISON INC        COM              209115104      200     4749          DEFINED 01 02          4749        0        0
D CORNING INC                    COM              219350105      118    10603          DEFINED 01 02          9603        0     1000
D * CROSSTEX ENERGY L.P.         COM              22765U102      294     8651          DEFINED 01 02          8651        0        0
D DNP SELECT INCOME FUND INC     COM              23325P104      265    24743          DEFINED 01                0        0    24743
D DEAN FOODS COMPANY NEW         COM              242370104      414    12068          DEFINED 01 02         11468        0      600
D * DELL INC                     COM              24702R101      551    14332          DEFINED 01 02          7616        0     6716
D DELTA & PINE LAND CO           COM              247357106     3085   114261          DEFINED 01           114261        0        0
D DENTSPLY INTERNATIONAL INC NEW COM              249030107     1744    32051          DEFINED 01 02         13070        0    18981
D DIAGEO PLC NEW                 COM              25243Q205    62537  1099066          DEFINED 01 02       1099066        0        0
D WALT DISNEY CO                 COM              254687106      771    26852          DEFINED 01 02         23479        0     3373
D DOMINION RES INC NEW (VA)      COM              25746U109      385     5176          DEFINED 01 02          4584        0      592
D DONALDSON CO INC               COM              257651109     1173    36323          DEFINED 01                0        0    36323
D DOVER CORPORATION              COM              260003108      219     5804          DEFINED 01 02          5804        0        0
D DOW CHEMICAL COMPANY           COM              260543103    28798   577687          DEFINED 01 02        574159        0     3528
D E.I. DU PONT DE NEMOURS&CO     COM              263534109      478     9338          DEFINED 01 02          9338        0        0
D EMC CORPORATION (MA)           COM              268648102      299    24276          DEFINED 01 02          1441        0    22835
D EATON CORP                     COM              278058102      226     3456          DEFINED 01 02          3456        0        0
D A.G. EDWARDS, INC              COM              281760108     3269    72960          DEFINED 01 02         72960        0        0
D EMERSON ELECTRIC CO            COM              291011104    24657   379754          DEFINED 01 02        378654        0     1100
D ENERGIZER HOLDINGS INC         COM              29266R108     7355   123000          DEFINED 02             1430        0   121570
D ENERGY TRANSFER PARTNERS L.P.  COM              29273R109      267     8540          DEFINED 01 02          6540        0     2000
D ENERPLUS RESOURCE FUND #       COM              29274D604    21803   601285          DEFINED 01           601285        0        0
D ENTERCOM COMMUNICATIONS CORP   COM              293639100    14602   411084          DEFINED 01 02        411084        0        0
D ENTERGY CORP NEW               COM              29364G103      256     3623          DEFINED 01 02          3623        0        0
D ETHAN ALLEN INTERIORS INC      COM              297602104     4212   131636          DEFINED 01 02        131636        0        0
D EXELON CORP                    COM              30161N101      211     4599          DEFINED 01 02          4599        0        0
D * EXPEDITORS INTL WASHINGTON   COM              302130109     1723    32176          DEFINED 01 02          4723        0    27453
D EXXON MOBIL CORP               COM              30231G102    58077   974438          DEFINED 01 02        971418        0     3020
D FPL GROUP INC                  COM              302571104      398     9920          DEFINED 01 02          8920        0     1000
D FACTSET RESEARCH SYSTEMS INC   COM              303075105     1052    31879          DEFINED 01                0        0    31879
D FARMERS CAPITAL BANK CORP      COM              309562106      338    10005          DEFINED 01 02         10005        0        0
D FREDDIE MAC                    COM              313400301      595     9416          DEFINED 01 02          8426        0      990
D FANNIE MAE                     COM              313586109     3235    59419          DEFINED 01 02         53834        0     5585
D * FIFTH THIRD BANCORP          COM              316773100     1863    43355          DEFINED 01 02         35365        0     7990
D FINANCIAL FEDERAL CORP         COM              317492106    14035   396808          DEFINED 01 02        396808        0        0
D FIRST DATA CORP                COM              319963104    38545   980528          DEFINED 01 02        972187        0     8341
D * FISERV INC                   COM              337738108     1322    33212          DEFINED 01 02           797        0    32415
D FORD MOTOR CO (NEW)            COM              345370860      292    25765          DEFINED 01 02         25765        0        0
D FORTUNE BRANDS INC             COM              349631101      649     8045          DEFINED 01 02          4251        0     3794
D * FORWARD AIR CORP             COM              349853101     3320    77967          DEFINED 01            77967        0        0
D GABELLI GLOBAL MULTIMEDIA TR   COM              36239Q109     2942   292467          DEFINED 01           292467        0        0
D GANNETT CO INC                 COM              364730101     1042    13178          DEFINED 01 02          9555        0     3623
D GENERAL ELECTRIC CO            COM              369604103    27228   755077          DEFINED 01 02        735309        0    19768
D GENERAL MILLS INC              COM              370334104     1173    23861          DEFINED 01 02         23861        0        0
D GILLETTE CO                    COM              375766102     2879    57039          DEFINED 01 02         57039        0        0
D GLADSTONE CAPITAL CORP         COM              376535100    13073   616049          DEFINED 01           616049        0        0
D GLADSTONE COMMERCIAL CORP      COM              376536108     5750   349769          DEFINED 01           349769        0        0
D GLAXOSMITHKLINE PLC            COM              37733W105      312     6795          DEFINED 01 02          6795        0        0
D GOLDMAN SACHS GROUP INC        COM              38141G104      219     1992          DEFINED 01 02          1491        0      501
D GRACO INC                      COM              384109104      391     9685          DEFINED 01                1        0     9684
D * GULFMARK OFFSHORE INC        COM              402629109      261    10058          DEFINED 01            10058        0        0
D HARLEY DAVIDSON INC            COM              412822108    11171   193409          DEFINED 01 02        182089        0    11320
D HARMAN INTL INDUSTRIES INC NEW COM              413086109     1207    13650          DEFINED 01                0        0    13650
D HARSCO CORP                    COM              415864107     4426    74252          DEFINED 01            74252        0        0
D HEARST-ARGYLE TELEVISION INC   COM              422317107      701    27494          DEFINED 01 02         27494        0        0
D HEARTLAND EXPRESS INC          COM              422347104    10499   548268          DEFINED 01 02        548268        0        0
D H.J. HEINZ CO                  COM              423074103     1073    29131          DEFINED 01 02         29131        0        0
D HERSHEY FOODS CORP             COM              427866108    15140   250410          DEFINED 01 02        250410        0        0
D HEWLETT-PACKARD CO             COM              428236103      295    13443          DEFINED 01 02         13243        0      200
D HILTON HOTELS CORP             COM              432848109     1497    66986          DEFINED 01 02         66986        0        0
D HOME DEPOT INC                 COM              437076102     7040   184089          DEFINED 01 02        177222        0     6867
D HONEYWELL INTERNATIONAL INC    COM              438516106      661    17761          DEFINED 01 02          8120        0     9641
D IMS HEALTH INC                 COM              449934108      200     8211          DEFINED 01 02          8211        0        0
D ISTAR FINANCIAL INC            COM              45031U101    23852   579209          DEFINED 01           579209        0        0
D ILL TOOL WORKS INC             COM              452308109    23001   256913          DEFINED 01 02        256542        0      371
D IMPERIAL OIL LTD NEW           COM              453038408     1142    15000          DEFINED 01 02         15000        0        0
D * INERGY L P                   COM              456615103      310     9571          DEFINED 01 02          9571        0        0
D * INTEL CORP                   COM              458140100     1153    49617          DEFINED 01 02         36760        0    12857
D INTL BUSINESS MACHINES CORP    COM              459200101     3238    35433          DEFINED 01 02         31008        0     4425
D * INTERNATIONAL SPEEDWAY CORP  COM              460335201     3812    70270          DEFINED 01 02         70270        0        0
D IRON MOUNTAIN INC (PA) NEW     COM              462846106     4565   158279          DEFINED 01 02        158279        0        0
D ISHARES TRUST                  COM              464287168      798    13311          DEFINED 01            13311        0        0
D ISHARES INC                    COM              464287234    33056   163001          DEFINED 01           162721        0      280
D ISHARES TRUST                  COM              464287242   138436  1263214          DEFINED 01          1263114        0      100
D ISHARES TRUST                  COM              464287309    40792   721987          DEFINED 01           721987        0        0
D ISHARES TRUST                  COM              464287408    41425   679652          DEFINED 01 02        679652        0        0
D ISHARES TRUST                  COM              464287457    54501   673929          DEFINED 01           673929        0        0
D ISHARES TRUST                  COM              464287465   178082  1120930          DEFINED 01          1119115        0     1815
D ISHARES TRUST                  COM              464287473     2721    24105          DEFINED 02            24105        0        0
D ISHARES TRUST                  COM              464287549     1972    46466          DEFINED 01            46466        0        0
D ISHARES DOW JONES US CONSUMER  COM              464287580    14814   251213          DEFINED 01           251213        0        0
D ISHARES INC                    COM              464287606   257733  1924385          DEFINED 01          1923649        0      736
D ISHARES TRUST DOW JONES        COM              464287697    42153   591292          DEFINED 01           589056        0     2236
D ISHARES INC                    COM              464287705   256274  2014261          DEFINED 01          2013528        0      733
D ISHARES TRUST-DOW JONES U.S.   COM              464287713    11673   509718          DEFINED 01           509718        0        0
D ISHARES TRUST DOW JONES U S    COM              464287739      212     1892          DEFINED 01             1892        0        0
D ISHARES TRUST DOW JONES U S    COM              464287754     1486    26925          DEFINED 01            26925        0        0
D ISHARES TRUST DOW JONES U S    COM              464287762   116807  1998407          DEFINED 01          1998407        0        0
D ISHARES TRUST                  COM              464287788     1654    18238          DEFINED 01            18238        0        0
D ISHARES TRUST DOW JONES        COM              464287796     1593    21161          DEFINED 01            21161        0        0
D ISHARES TRUST                  COM              464287804      245     1544          DEFINED 01             1508        0       36
D ISHARES DOW JONES US CONSUMER  COM              464287812    62734  1196075          DEFINED 01          1196000        0       75
D ISHARES INC                    COM              464287879    39730   336777          DEFINED 01           336327        0      450
D ISHARES INC                    COM              464287887    40571   385103          DEFINED 01           384573        0      530
D JPMORGAN CHASE & CO            COM              46625H100     1170    33818          DEFINED 01 02         33218        0      600
D JEFFERSON PILOT CORP           COM              475070108      298     6075          DEFINED 01 02          6075        0        0
D JOHNSON & JOHNSON              COM              478160104    68368  1017995          DEFINED 01 02       1014935        0     3060
D KANEB PIPE LINE PARTNERS L.P.  COM              484169107      206     3466          DEFINED 01 02          3466        0        0
D KELLOGG CO                     COM              487836108     1414    32676          DEFINED 01 02         32676        0        0
D KERR-MCGEE CORP (HOLDING CO)   COM              492386107      306     3907          DEFINED 01 02           650        0     3257
D KEYCORP NEW                    COM              493267108      206     6343          DEFINED 01 02          6343        0        0
D KIMBERLY CLARK CORP            COM              494368103     1388    21112          DEFINED 01 02         20787        0      325
D KOHLS CORP                     COM              500255104     1257    24345          DEFINED 01              230        0    24115
D LIBERTY MEDIA CORP NEW         COM              530718105    21605  2083391          DEFINED 01 02       2083231        0      160
D LIFELINE SYSTEMS INC           COM              532192101     3175   104717          DEFINED 01           104717        0        0
D ELI LILLY AND CO               COM              532457108     1467    28163          DEFINED 01 02         21649        0     6514
D LINCARE HOLDINGS INC           COM              532791100     1312    29657          DEFINED 01                0        0    29657
D LOWE'S COMPANIES INC           COM              548661107     2662    46633          DEFINED 01 02         25194        0    21439
D LUCENT TECHNOLOGIES INC        COM              549463107      124    45151          DEFINED 01 02         44076        0     1075
D MBNA CORP                      COM              55262L100     1069    43540          DEFINED 01             1770        0    41770
D MARKEL CORP (HOLDING COMPANY)  COM              570535104    24559    71142          DEFINED 01 02         71142        0        0
D MARKWEST ENERGY PARTNERS L.P.  COM              570759100      287     6067          DEFINED 01 02          6067        0        0
D MAY DEPARTMENT STORES CO       COM              577778103      225     6081          DEFINED 01 02          6081        0        0
D MCDONALD'S CORP                COM              580135101     1608    51631          DEFINED 01 02         46335        0     5296
D MEDTRONIC INC                  COM              585055106     3959    77707          DEFINED 01 02         76407        0     1300
D MERCK & COMPANY INC            COM              589331107    37273  1151477          DEFINED 01 02       1149837        0     1640
D MERCURY GENERAL CORP NEW       COM              589400100     4009    72544          DEFINED 01            72544        0        0
D * MICROSOFT CORP               COM              594918104    38737  1602701          DEFINED 01 02       1587100        0    15601
D MIDCAP 400 STANDARD & POORS    COM              595635103      438     3641          DEFINED 01             3242        0      399
D MOHAWK INDUSTRIES INC          COM              608190104      330     3910          DEFINED 02             3910        0        0
D * MONOLITHIC SYSTEMS TECH INC  COM              609842109     1697   290001          DEFINED 01 02        290001        0        0
D MORGAN STANLEY NEW             COM              617446448      635    11094          DEFINED 01 02          3129        0     7965
D MOTOROLA INC                   COM              620076109      164    10986          DEFINED 01 02          9386        0     1600
D NN INC                         COM              629337106      352    28586          DEFINED 01            28586        0        0
D NASDAQ STOCK MARKET INC        COM              631103108      140    13050          DEFINED 01            13050        0        0
D NATUZZI S P A ADR              COM              63905A101     3263   314062          DEFINED 01 02        314062        0        0
D NEW YORK TIMES CL A            COM              650111107    16607   454002          DEFINED 01 02        454002        0        0
D NICOR INC                      COM              654086107     4917   132574          DEFINED 01 02        132574        0        0
D NOKIA CORP                     COM              654902204      423    27431          DEFINED 01 02         10317        0    17114
D NORFOLK SOUTHERN CORP          COM              655844108     1115    30106          DEFINED 01 02         26686        0     3420
D NORTH FORK BANCORPORATION (NY) COM              659424105    33316  1201022          DEFINED 01 02       1200160        0      862
D * NORTHERN TRUST CORP          COM              665859104      258     5933          DEFINED 01 02          5933        0        0
D NORTHWESTERN CORP NEW          COM              668074305    17559   665856          DEFINED 01           665856        0        0
D NUVEEN PREFERRED & CONV INCOME COM              67073D102      156    12231          DEFINED 01            11308        0      923
D OCCIDENTAL PETROLEUM CORP      COM              674599105      325     4568          DEFINED 01 02          4568        0        0
D * ORACLE CORP                  COM              68389X105      199    15968          DEFINED 01 02          8489        0     7479
D * O'REILLY AUTOMOTIVE INC      COM              686091109     1231    24863          DEFINED 01               13        0    24850
D J.C.PENNEY CO INC (HOLDING CO) COM              708160106      386     7427          DEFINED 01 02           263        0     7164
D PEPSICO INC                    COM              713448108    40736   768169          DEFINED 01 02        763282        0     4887
D PFIZER INC                     COM              717081103    15310   582777          DEFINED 01 02        540390        0    42387
D PLUM CREEK TIMBER CO INC       COM              729251108     7549   211456          DEFINED 01           211456        0        0
D PROCTER & GAMBLE CO            COM              742718109    14196   267847          DEFINED 01 02        259140        0     8707
D PROGRESS ENERGY INC            COM              743263105      247     5891          DEFINED 01 02          5891        0        0
D PULITZER INC                   COM              745769109      604     9470          DEFINED 01 02          9470        0        0
D PULTE HOMES INC                COM              745867101     1692    22976          DEFINED 01 02           402        0    22574
D RALCORP HOLDINGS INC NEW       COM              751028101     1351    28540          DEFINED 01 02          2360        0    26180
D RAYONIER INC                   COM              754907103    28169   568726          DEFINED 01           568726        0        0
D REGIONS FINANCIAL CORP NEW     COM              7591EP100      333    10293          DEFINED 01 02          9693        0      600
D RENAL CARE GROUP INC           COM              759930100      423    11153          DEFINED 01                0        0    11153
D RESMED INC                     COM              761152107     1040    18445          DEFINED 01                0        0    18445
D ROCKWELL AUTOMATION INC        COM              773903109     1205    21272          DEFINED 01 02         21272        0        0
D ROCKWELL COLLINS INC           COM              774341101     1149    24135          DEFINED 01 02         23935        0      200
D ROYAL DUTCH PETROLEUM CO #     COM              780257804     2534    42208          DEFINED 01 02         41208        0     1000
D SBC COMMUNICATIONS INC         COM              78387G103     2231    94169          DEFINED 01 02         93234        0      935
D SLM CORP                       COM              78442P106      506    10160          DEFINED 01              120        0    10041
D STANDARD & POOR'S 500          COM              78462F103      923     7827          DEFINED 01             7827        0        0
D SARA LEE CORP                  COM              803111103     1216    54852          DEFINED 01 02         54040        0      812
D SCANA CORP NEW                 COM              80589M102      296     7755          DEFINED 01 02          7755        0        0
D SCHERING-PLOUGH CORP           COM              806605101      692    38124          DEFINED 01 02         31644        0     6480
D SCHLUMBERGER LTD               COM              806857108      274     3893          DEFINED 01 02          3693        0      200
D A. SCHULMAN INC                COM              808194104    14586   837293          DEFINED 01           837293        0        0
D SCOTTS MIRACLE-GRO COMPANY     COM              810186106     4218    60053          DEFINED 01 02         60053        0        0
D E W SCRIPPS CO NEW CL A        COM              811054204     5282   108344          DEFINED 01 02        106944        0     1400
D SELECT SECTOR SPDR TRUST       COM              81369Y100      420    13940          DEFINED 01 02         13050        0      890
D +SELECT SECTOR SPDR TRUST      COM              81369Y209     1904    63764          DEFINED 01 02         63764        0        0
D SECTOR SPDR TRUST              COM              81369Y308    34244  1487569          DEFINED 01 02       1487569        0        0
D SELECT SECTOR SPDR TRUST       COM              81369Y407    46830  1412239          DEFINED 01 02       1412239        0        0
D +SECTOR SPDR TRUST (ENERGY)    COM              81369Y506    54791  1278078          DEFINED 01 02       1278078        0        0
D +SECTOR SPDR TRUST (FINANCIAL) COM              81369Y605   129761  4570657          DEFINED 01 02       4570657        0        0
D SECTOR SPDR TRUST (INDUSTRIAL) COM              81369Y704    72493  2382286          DEFINED 01 02       2382286        0        0
D SECTOR SPDR TRUST (TECHNOLOGY) COM              81369Y803    93328  4771389          DEFINED 01 02       4771389        0        0
D SECTOR SPDR TRUST (UTILITIES)  COM              81369Y886      235     8051          DEFINED 01                1        0     8050
D * SIGMA ALDRICH CORP           COM              826552101    16726   273078          DEFINED 01 02        273078        0        0
D SMITH & WOLLENSKY RESTAURANT   COM              831758107     2212   414294          DEFINED 01           414294        0        0
D SMITH & NEPHEW PLC #           COM              83175M205     8470   180134          DEFINED 01 02        180134        0        0
D SNAP-ON INC                    COM              833034101    18817   591922          DEFINED 01 02        591922        0        0
D * SONIC CORP                   COM              835451105     3510   105101          DEFINED 01           105101        0        0
D SOUTHERN COMPANY               COM              842587107    20526   644874          DEFINED 01 02        644874        0        0
D * STAPLES INC                  COM              855030102      200     6368          DEFINED 01 02           805        0     5563
D STATE STREET CORP              COM              857477103      636    14546          DEFINED 01 02          6421        0     8125
D STREETTRACKS SERIES TRUST      COM              86330E604     5430    31376          DEFINED 01            31376        0        0
D * SUN MICROSYSTEMS INC         COM              866810104       42    10436          DEFINED 01 02         10436        0        0
D SYSCO CORPORATION              COM              871829107     3582   100048          DEFINED 01 02         93163        0     6885
D TCF FINANCIAL CORP             COM              872275102    41452  1526791          DEFINED 01 02       1526791        0        0
D TARGET CORP                    COM              87612E106    14571   291310          DEFINED 01 02        290741        0      569
D TEXAS INSTRUMENTS INC          COM              882508104      497    19511          DEFINED 01 02          8226        0    11285
D 3M COMPANY                     COM              88579Y101     5722    66777          DEFINED 01 02         62845        0     3932
D TIME WARNER INC NEW            COM              887317105      237    13530          DEFINED 01 02         11190        0     2340
D TRANSCANADA CORP               COM              89353D107      273    11068          DEFINED 01 02         11068        0        0
D TRIBUNE CO NEW                 COM              896047107     3873    97145          DEFINED 01 02         97145        0        0
D TYCO INTERNATIONAL LTD NEW     COM              902124106      416    12297          DEFINED 01 02         11297        0     1000
D US BANCORP NEW                 COM              902973304     1086    37688          DEFINED 01 02         30621        0     7067
D UNION PACIFIC CORP             COM              907818108      778    11167          DEFINED 01 02         11167        0        0
D UNITED STATES STL CORP NEW     COM              912909108      212     4174          DEFINED 01 02           650        0     3524
D UNITED TECHNOLOGIES CORP       COM              913017109     2507    24660          DEFINED 01 02         20609        0     4051
D * VALUECLICK INC               COM              92046N102      151    14224          DEFINED 01              100        0    14124
D VARIAN MEDICAL SYSTEMS INC     COM              92220P105     5286   154194          DEFINED 01 02        154194        0        0
D VECTREN CORP                   COM              92240G101    18866   708195          DEFINED 01 02        708195        0        0
D VERIZON COMMUNICATIONS         COM              92343V104     1732    48799          DEFINED 01 02         41511        0     7288
D VIACOM INC CL B                COM              925524308      503    14438          DEFINED 01 02         10958        0     3480
D VODAFONE GROUP PLC NEW         COM              92857W100      231     8712          DEFINED 01 02          7617        0     1095
D W.P. CAREY & CO LLC            COM              92930Y107      228     7505          DEFINED 01 02          7285        0      220
D WPS RESOURCES CORP             COM              92931B106      450     8498          DEFINED 01 02          8498        0        0
D WACHOVIA CORP (2ND NEW)        COM              929903102     1116    21917          DEFINED 01 02         15615        0     6302
D WAL-MART STORES INC            COM              931142103    45869   915368          DEFINED 01 02        908209        0     7159
D WALGREEN COMPANY               COM              931422109     7133   160575          DEFINED 01 02        119140        0    41435
D WASHINGTON MUTUAL INC          COM              939322103      339     8578          DEFINED 01 02          5363        0     3215
D WASHINGTON POST CO CL B        COM              939640108      335      375          DEFINED 02              375        0        0
D WEIGHT WATCHERS INTL INC NEW   COM              948626106    10049   233805          DEFINED 02           233805        0        0
D WELLPOINT INC                  COM              94973V107      399     3186          DEFINED 01 02           345        0     2841
D WELLS FARGO & CO NEW           COM              949746101    41197   688915          DEFINED 01 02        683949        0     4966
D * WESTAMERICA BANCORPORATION   COM              957090103     3903    75391          DEFINED 01            75391        0        0
D WESTWOOD ONE INC               COM              961815107      965    47420          DEFINED 02            47420        0        0
D JOHN WILEY & SONS INC          COM              968223206     3356    95196          DEFINED 01            95196        0        0
D WYETH                          COM              983024100     2017    47820          DEFINED 01 02         47820        0        0
D XCEL ENERGY INC                COM              98389B100      228    13264          DEFINED 01 02         10072        0     3192
D XEROX CORPORATION              COM              984121103      159    10479          DEFINED 01 02         10079        0      400
D ZEBRA TECHNOLOGIES CORP        COM              989207105      768    16182          DEFINED 02            16182        0        0
D ZIMMER HOLDINGS INC            COM              98956P102      890    11444          DEFINED 01 02          8157        0     3287
D COOPER INDUSTRIES LTD          COM              G24182100      242     3389          DEFINED 01 02          3020        0      369
D INGERSOLL-RAND COMPANY LIMITED COM              G4776G101    24217   304037          DEFINED 01 02        304037        0        0
D MONTPELIER RE HOLDINGS LTD     COM              G62185106    21206   603288          DEFINED 01           603288        0        0
D NABORS INDUSTRIES LTD          COM              G6359F103      293     4957          DEFINED 01                0        0     4957
D W.P. STEWART & CO LTD          COM              G84922106    20911   922808          DEFINED 01 02        922808        0        0
D WHITE MTNS INS GROUP LTD       COM              G9618E107    19168    31500          DEFINED 01 02         31500        0        0
D WILLIS GROUP HOLDINGS LTD      COM              G96655108    38443  1042674          DEFINED 01 02       1042674        0        0
S REPORT SUMMARY                296 DATA RECORDS             3706204            2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED