Form 13f Holdings Report (13f-hr)

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

FORM 13F

FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2012

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: Advance Capital Management, Inc. Address: One Towne Square, Suite 444 Southfield, MI 48076

Form 13F File Number:28-6474

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.

Person Signing this Report on Behalf of Reporting Manager:

Name: Christopher M. Kostiz
Title: President
Phone: [phone]

Signature, Place, and Date of Signing:

/s/ Christopher M. Kostiz Southfield, MI February 8, 2013

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).)

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FORM 13F SUMMARY PAGE

Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 352 Form 13F Information Table Value Total: $192,351 (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.

NONE

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FORM 13F NAME OF REPORTING MANAGER: ADVANCE CAPITAL #28-6474 DATE:12/31/12 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET SHARES OR INVESTMENT DISCRETION MANAGER VOTING AUTHORITY NUMBER VALUE PRINC. AMT. SOLE SHARED OTHER SOLE SHARED NONE AARONS INC COMMON STOCK 002535300 317 11,200 X 11200 ADVANCE AUTO PARTS COMMON STOCK 00751Y106 318 4,400 X 4400 APPLE COMPUTER COMMON STOCK 037833100 665 1,250 X 1250 AMERISOURCE BERGEN COMMON STOCK 03073E105 622 14,400 X 14400 AMERICAN CAMPUS COMMON STOCK 024835100 475 10,300 X 10300 ACE Limited COMMON STOCK H0023R105 646 8,100 X 8100 ACCENTURE LTD COMMON STOCK G1151C101 319 4,800 X 4800 AUTOMATIC DATA PROCE COMMON STOCK 053015103 330 5,800 X 5800 SSING, INC. ALLIANCE DATASYS COMMON STOCK 018581108 825 5,700 X 5700 AMERICAN EAGLE COMMON STOCK 02553E106 371 18,100 X 18100 AMERICAN ELEC PWR COMMON STOCK 025537101 316 7,400 X 7400 AETNA INC. COMMON STOCK 00817Y108 1,318 28,465 X 28465 AMERICAN FIN. GRP. COMMON STOCK 025932104 431 10,900 X 10900 AFLAC, INC. COMMON STOCK 001055102 951 17,900 X 17900 AGCO CO COMMON STOCK 001084102 481 9,800 X 9800 ARTHUR GALLAGHER CO COMMON STOCK 363576109 582 16,800 X 16800 ALBEMARLE CORP COMMON STOCK 012653101 559 9,000 X 9000 ALASKA AIR GROUP COMMON STOCK 011659109 306 7,100 X 7100 ALLSTATE CORP COMMON STOCK 020002101 317 7,900 X 7900 AMETEK INC COMMON STOCK 031100100 905 24,100 X 24100 AFFILIATED MANAGERS COMMON STOCK 008252108 664 5,100 X 5100 GROUP AMGEN, INC.* COMMON STOCK 031162100 970 11,254 X 11254 ANSYS INC. COMMON STOCK 03662Q105 620 9,200 X 9200 APACHE CORPORATION COMMON STOCK 037411105 1,219 15,531 X 15531 ALEXANDRIA REAL EST COMMON STOCK 015271109 430 6,200 X 6200 ARROW ELECTRONIC COMMON STOCK 042735100 423 11,100 X 11100 ASSOCIATED BANC-CORP COMMON STOCK 045487105 231 17,600 X 17600 ASHLAND INC. COMMON STOCK 044209104 603 7,500 X 7500 ASCENA RETAIL GROUP COMMON STOCK 04351G101 603 32,650 X 32650 ATMEL CORPORATION COMMON STOCK 049513104 293 44,700 X 44700 APTAR GROUP INC. COMMON STOCK 038336103 320 6,700 X 6700 ATWOOD OCEANICS INC COMMON STOCK 050095108 266 5,800 X 5800 AVNET INC COMMON STOCK 053807103 441 14,400 X 14400 AMERICAN EXPRESS COM COMMON STOCK 025816109 638 11,100 X 11100 PANY BANK OF AMERICA CORP COMMON STOCK 060505104 311 26,825 X 26825 BED BATH & BEYOND, I COMMON STOCK 075896100 774 13,850 X 13850 NC.* BECTON DICKINSON & COMMON STOCK 075887109 336 4,300 X 4300 CO BE AEROSPACE INC COMMON STOCK 073302101 529 10,700 X 10700 FRANKLIN RESOURCES, COMMON STOCK 354613101 641 5,100 X 5100 INC. BAKER HUGHES INC. COMMON STOCK 057224107 654 16,000 X 16000 BANK OF NEW YORK COM COMMON STOCK 064058100 979 38,100 X 38100 PANY, INC. BLACKROCK INC COMMON STOCK 09247X101 661 3,200 X 3200 BRISTOL-MYERS SQUIBB COMMON STOCK 110122108 246 7,534 X 7534 COMPANY BANK OF HAWAII CORP COMMON STOCK 062540109 203 4,600 X 4600 BRE PROPERTIES INC COMMON STOCK 05564E106 391 7,700 X 7700 BERKSHIRE HATHAWAY I COMMON STOCK 084670702 355 3,955 X 3955 BROWN & BROWN INC COMMON STOCK 115236101 306 12,000 X 12000 PEABODY ENERGY COMMON STOCK 704549104 487 18,300 X 18300 CITIGROUP, INC. COMMON STOCK 172967424 287 7,266 X 7266 CARDINAL HEALTH, INC COMMON STOCK 14149Y108 927 22,500 X 22500 . CATERPILLER INC. COMMON STOCK 149123101 977 10,900 X 10900 CBOE HOLDINGS INC COMMON STOCK 12503M108 262 8,900 X 8900 COMMERCE BANCSHARES COMMON STOCK 200525103 295 8,400 X 8400 CADENCE DESIGN SYSTE COMMON STOCK 127387108 372 27,500 X 27500 MS, INC. CELGENE CORP. COMMON STOCK 151020104 628 8,000 X 8000 CERNER CORP COMMON STOCK 156782104 279 3,600 X 3600 CHURCH & DWIGHT INC COMMON STOCK 171340102 1,031 19,250 X 19250 CHICO'S FAS INC. COMMON STOCK 168615102 306 16,600 X 16600 CLEAN HARBORS INC COMMON STOCK 184496107 374 6,800 X 6800 COMMERICAL METALS CO COMMON STOCK 201723103 175 11,800 X 11800 COMCAST CORP COMMON STOCK 20030N101 956 25,600 X 25600 CHIPOTLE MEXICAN COMMON STOCK 169656105 297 1,000 X 1000 GRILL Cummins Inc COMMON STOCK 231021106 650 6,000 X 6000 CINEMARK HOLDINGS IN COMMON STOCK 17243V102 382 14,700 X 14700 CON-WAY INC. COMMON STOCK 205944101 270 9,700 X 9700 CAPITAL ONE FINANCIA COMMON STOCK 14040H105 980 16,911 X 16911 L CORP COOPER COS INC COMMON STOCK 216648402 435 4,700 X 4700 CONOCOPHILLIPS COMMON STOCK 20825C104 249 4,300 X 4300 COSTCO COMMON STOCK 22160K105 326 3,300 X 3300 COVIDIEN PLC. COMMON STOCK G2554F113 664 11,500 X 11500 Copart Inc COMMON STOCK 217204106 204 6,900 X 6900 CAMDEN PPTY TRSH COMMON STOCK 133131102 696 10,200 X 10200 COMPUWARE CORP COMMON STOCK 205638109 247 22,700 X 22700 CREE INC. COMMON STOCK 225447101 279 8,200 X 8200 CHARLES RIVER LABORA COMMON STOCK 159864107 296 7,900 X 7900 TORIES CARPENTER TECHNOLOGY COMMON STOCK 144285103 341 6,600 X 6600 CISCO COMMON STOCK 17275R102 1,291 65,716 X 65716 CARLISLE COS. INC. COMMON STOCK 142339100 235 4,000 X 4000 COINSTAR INC. COMMON STOCK 19259P300 635 12,200 X 12200 CSX Corp COMMON STOCK 126408103 631 32,000 X 32000 CATAMARAN CORP COMMON STOCK 148887102 457 9,710 X 9710 COVANCE INC. COMMON STOCK 222816100 324 5,600 X 5600 CVS CORPORATION CONVERTIBLE 126650100 1,245 25,750 X 25750 CHEVRON TEXACO CORP. COMMON STOCK 166764100 1,608 14,873 X 14873 CORRECTIONS CORP COMMON STOCK 22025Y407 348 9,800 X 9800 CYPRESS SEMI. COMMON STOCK 232806109 152 14,000 X 14000 COMMUNITY HEALTH SYS COMMON STOCK 203668108 341 11,100 X 11100 CITY NATIONAL CORPOR COMMON STOCK 178566105 233 4,700 X 4700 ATION DARLING INTL INC COMMON STOCK 237266101 658 41,000 X 41000 DONALDSON COMPANY, I COMMON STOCK 257651109 456 13,900 X 13900 NC. DELL COMPUTER COMMON STOCK 24702R101 225 22,197 X 22197 DANAHER CORPORATION COMMON STOCK 235851102 643 11,500 X 11500 DISNEY, WALT COMPANY COMMON STOCK 254687106 652 13,100 X 13100 DICK'S SPORTING GOOD COMMON STOCK 253393102 337 7,400 X 7400 DOLLAR TREE INC COMMON STOCK 256746108 884 21,800 X 21800 DRESSER-RAND GROUP COMMON STOCK 261608103 427 7,600 X 7600 DUKE REALTY INVESTME COMMON STOCK 264411505 374 27,000 X 27000 NTS, INC. DRIL-QUIP INC COMMON STOCK 262037104 270 3,700 X 3700 DEVON ENERGY CORPORA COMMON STOCK 25179M103 824 15,839 X 15839 TION BRINKER INTERNATIONA COMMON STOCK 109641100 232 7,500 X 7500 ENERGEN CORPCOM COMMON STOCK 29265N108 325 7,200 X 7200 EMC CORPORATION - MA COMMON STOCK 268648102 953 37,656 X 37656 EMERSON ELECTRIC COM COMMON STOCK 291011104 651 12,300 X 12300 PANY ENDO PHARMACEUTICALS COMMON STOCK 29264F205 1,466 55,900 X 55900 ENERGIZER HOLDINGS COMMON STOCK 29266R108 632 7,900 X 7900 EQUINIX INC COMMON STOCK 29444U502 722 3,500 X 3500 ESSEX PROPERTY TRUST COMMON STOCK 297178105 660 4,500 X 4500 EATON VANCE CORPORAT COMMON STOCK 278265103 360 11,300 X 11300 ION EDWARDS LIFESCIENCES COMMON STOCK 28176E108 577 6,400 X 6400 CORP EAST-WEST BANCORP IN COMMON STOCK 27579R104 309 14,400 X 14400 C FASTENAL CO COMMON STOCK 311900104 497 10,650 X 10650 FORTUNE BRANDS HOME COMMON STOCK 34964C106 473 16,200 X 16200 & SECURITIES FIRST CASH FINANCIAL COMMON STOCK 31942D107 556 11,200 X 11200 Freeport-McMoRan COMMON STOCK 35671D857 707 20,674 X 20674 FACTSET RESEARCH SYS COMMON STOCK 303075105 476 5,400 X 5400 FEDEX CORPORATION COMMON STOCK 31428X106 972 10,600 X 10600 F5 NETWORKS INC COMMON STOCK 315616102 981 10,100 X 10100 FIDELITY NATL INFORM COMMON STOCK 31620M106 627 18,000 X 18000 FOOT LOCKER INCCOM COMMON STOCK 344849104 276 8,600 X 8600 FLOWERS FOODS INC COMMON STOCK 343498101 270 11,600 X 11600 FLUOR CORP COMMON STOCK 343412102 1,273 21,680 X 21680 FIDELITY NATIONAL COMMON STOCK 31620R105 268 11,400 X 11400 FIRST NIAGARA FINANC COMMON STOCK 33582V108 406 51,200 X 51200 FULTON FINANCIAL COR COMMON STOCK 360271100 201 20,900 X 20900 GENERAL DYNAMICS COR COMMON STOCK 369550108 332 4,800 X 4800 PORATION GARDNER DENVER MACHY COMMON STOCK 365558105 336 4,900 X 4900 GENERAL ELECTRIC COM COMMON STOCK 369604103 655 31,200 X 31200 PANY GRACO INC COMMON STOCK 384109104 304 5,900 X 5900 GILEAD SCIENCES, INC COMMON STOCK 375558103 673 9,160 X 9160 . GENERAL MILLS, INC. COMMON STOCK 370334104 493 12,200 X 12200 GREEN MTN COFFEE COMMON STOCK 393122106 529 12,800 X 12800 GENTEX CORP. COMMON STOCK 371901109 189 10,000 X 10000 GOOGLE COMMON STOCK 38259P508 1,181 1,669 X 1669 GLOBAL PAYMENTS INC COMMON STOCK 37940X102 358 7,900 X 7900 HANCOCK HOLDING CO COMMON STOCK 410120109 276 8,700 X 8700 HANESBRAND INC COMMON STOCK 410345102 362 10,100 X 10100 HCC Insurance Hldgs COMMON STOCK 404132102 372 10,000 X 10000 . HOME DEPOT COMMON STOCK 437076102 315 5,100 X 5100 HAWAIIAN ELECTRIC IN COMMON STOCK 419870100 246 9,800 X 9800 DUSTRIES, INC. HOLLYFRONTIER CORP COMMON STOCK 436106108 945 20,300 X 20300 HERBALIFE LTD COMMON STOCK G4412G101 586 17,800 X 17800 HELIX ENERGY COMMON STOCK 42330P107 204 9,900 X 9900 SOLUTIONS GROUP HEALTH MANAGEMENT AS COMMON STOCK 421933102 319 34,200 X 34200 HOME PROPERTIES INC COMMON STOCK 437306103 313 5,100 X 5100 HOLOGIC INC COMMON STOCK 436440101 534 26,700 X 26700 HELMERICH & PAYNE COMMON STOCK 423452101 986 17,600 X 17600 HILLSHIRE BRANDS CO COMMON STOCK 432589109 211 7,500 X 7500 HENRY SCHEIN INC. COMMON STOCK 806407102 483 6,000 X 6000 HSN INC. COMMON STOCK 404303109 209 3,800 X 3800 HUBBELL INC COMMON STOCK 443510201 457 5,400 X 5400 IBM COMMON STOCK 459200101 1,101 5,750 X 5750 IDEXX LABORATORIES COMMON STOCK 45168D104 390 4,200 X 4200 IDEX CORPORATION COMMON STOCK 45167R104 386 8,300 X 8300 INFORMATICA CORP COMMON STOCK 45666Q102 200 6,600 X 6600 INGREDION INC. COMMON STOCK 457187102 1,066 16,550 X 16550 WORLD FUEL SERVICES COMMON STOCK 981475106 597 14,500 X 14500 INTEL COMMON STOCK 458140100 1,231 59,705 X 59705 GARTNER INCCOM COMMON STOCK 366651107 433 9,400 X 9400 ITT INDUSTRIES INC. COMMON STOCK 450911201 225 9,600 X 9600 ILLINOIS TOOL WORKS COMMON STOCK 452308109 310 5,100 X 5100 HUNT J B TRANS SVCS COMMON STOCK 445658107 310 5,200 X 5200 JETBLUE AIRWAYS CORP COMMON STOCK 477143101 131 22,900 X 22900 JOHNSON CONTROLS INC COMMON STOCK 478366107 509 16,600 X 16600 JACK HENRY & ASSOC. COMMON STOCK 426281101 330 8,400 X 8400 JONES LANG LASALLE, COMMON STOCK 48020Q107 554 6,600 X 6600 INC. JOHNSON & JOHNSON COMMON STOCK 478160104 2,773 39,557 X 39557 JOY GLOBAL INC COMMON STOCK 481165108 654 10,250 X 10250 JP MORGAN CHASE & CO COMMON STOCK 46625H100 401 9,110 X 9110 . WILEY JOHN & SONS COMMON STOCK 968223206 284 7,300 X 7300 KBR INC COMMON STOCK 48242W106 571 19,100 X 19100 KIRBY CORPCOM COMMON STOCK 497266106 353 5,700 X 5700 KIMBERLY-CLARK CORPO COMMON STOCK 494368103 1,047 12,400 X 12400 RATION KENNAMETAL INC COMMON STOCK 489170100 316 7,900 X 7900 COCA COLA COMMON STOCK 191216100 616 17,000 X 17000 KRAFT FOODS GROUP COMMON STOCK 50076Q106 835 18,366 X 18366 KOHLS CORPORATION COMMON STOCK 500255104 782 18,200 X 18200 KANSAS CITY SOUTHERN COMMON STOCK 485170302 910 10,900 X 10900 LOEWS CORP COMMON STOCK 540424108 286 7,026 X 7026 LEAR CORP COMMON STOCK 521865204 290 6,190 X 6190 LINCOLN ELECTRIC COMMON STOCK 533900106 409 8,400 X 8400 LENNOX INTERNATIONAL COMMON STOCK 526107107 247 4,700 X 4700 LKQ CORPCOM COMMON STOCK 501889208 506 24,000 X 24000 L-3 COMMUNICATIONS COMMON STOCK 502424104 270 3,518 X 3518 LILLY (ELI) COMMON STOCK 532457108 579 11,738 X 11738 Liberty Media Corp. COMMON STOCK 530322106 342 2,949 X 2949 ALLIANT ENERGY CORP COMMON STOCK 018802108 483 11,000 X 11000 LIBERTY PPTY TRSH COMMON STOCK 531172104 429 12,000 X 12000 LANDSTAR SYSTEM INC COMMON STOCK 515098101 247 4,700 X 4700 LIFE TIME FITNESS COMMON STOCK 53217R207 217 4,400 X 4400 MACERICH COCOM COMMON STOCK 554382101 770 13,200 X 13200 MANPOWER INCORPORATE COMMON STOCK 56418H100 340 8,000 X 8000 D MATTEL, INC. COMMON STOCK 577081102 315 8,600 X 8600 MCDONALD'S CORPORATI COMMON STOCK 580135101 318 3,600 X 3600 ON MICROS SYSTEMS INC COMMON STOCK 594901100 344 8,100 X 8100 MEDNAX INC COMMON STOCK 58502B106 262 3,300 X 3300 MONDELEZ INTERNATION COMMON STOCK 609207105 1,494 58,700 X 58700 MEDTRONIC INC. COMMON STOCK 585055106 636 15,500 X 15500 MDU RES GROUP INC COMMON STOCK 552690109 406 19,100 X 19100 MOHAWK INDUSTRIES COMMON STOCK 608190104 525 5,800 X 5800 MILLER HERMAN INC COMMON STOCK 600544100 247 11,500 X 11500 3M CO. COMMON STOCK 88579Y101 330 3,550 X 3550 ALTRIA GROUP INC. COMMON STOCK 02209S103 1,478 47,002 X 47002 IES, INC. MARATHON PETROLEUM COMMON STOCK 56585A102 643 10,200 X 10200 MERCK & COMPANY, INC COMMON STOCK 58933Y105 1,752 42,800 X 42800 . MARATHON OIL CORP COMMON STOCK 565849106 613 20,000 X 20000 . MARVELL TECHNOLOGY COMMON STOCK G5876H105 215 29,615 X 29615 MINE SAFETY APPLIANC COMMON STOCK 602720104 265 6,200 X 6200 MSCI INC COMMON STOCK 55354G100 378 12,200 X 12200 MICROSOFT COMMON STOCK 594918104 1,558 58,315 X 58315 MSC INDUSTRIAL DIREC COMMON STOCK 553530106 467 6,200 X 6200 METTLER-TOLEDO INTL. COMMON STOCK 592688105 483 2,500 X 2500 MYLAN INCCOM COMMON STOCK 628530107 609 22,200 X 22200 NATIONAL INSTRUMENTS COMMON STOCK 636518102 245 9,500 X 9500 CORP. NCR CORPCOM COMMON STOCK 62886E108 655 25,700 X 25700 NEXTERA ENERGY INC COMMON STOCK 65339F101 318 4,600 X 4600 NEWMARKET CORP COMMON STOCK 651587107 288 1,100 X 1100 NATIONAL FUEL GAS COMMON STOCK 636180101 426 8,400 X 8400 NIKE COMMON STOCK 654106103 351 6,800 X 6800 NATIONAL RETAIL PROP COMMON STOCK 637417106 340 10,900 X 10900 NORTHERN OIL & GAS COMMON STOCK 665531109 192 11,400 X 11400 NATIONAL OILWELL COMMON STOCK 637071101 1,305 19,100 X 19100 VARCO INC NEUSTAR INC COMMON STOCK 64126X201 398 9,500 X 9500 NORTHERN TRUST CORPO COMMON STOCK 665859104 667 13,300 X 13300 RATION NVIDIA CORP. COMMON STOCK 67066G104 203 16,585 X 16585 NV ENERGY INCCOM COMMON STOCK 67073Y106 430 23,700 X 23700 NXP SEMICONDUCTOR COMMON STOCK N6596X109 655 24,900 X 24900 NEW YORK COMM BANCOR COMMON STOCK 649445103 582 44,400 X 44400 REALTY INCOME CORP COMMON STOCK 756109104 531 13,200 X 13200 OMNICARE INC COMMON STOCK 681904108 412 11,400 X 11400 OGE ENERGY PROGRAM COMMON STOCK 670837103 557 9,900 X 9900 OCEANEERING INTERNAT COMMON STOCK 675232102 715 13,300 X 13300 OIL STATES INTL COMMON STOCK 678026105 1,452 20,300 X 20300 ORACLE COMMON STOCK 68389X105 1,143 34,301 X 34301 OLD REPUBLIC INTL COMMON STOCK 680223104 259 24,300 X 24300 OCCIDENTAL PETROLEUM COMMON STOCK 674599105 902 11,776 X 11776 VERIFONE SYSTEMS INC COMMON STOCK 92342Y109 855 28,800 X 28800 PROSPERITY BANCSHARE COMMON STOCK 743606105 307 7,300 X 7300 PEPSICO, INC. COMMON STOCK 713448108 931 13,600 X 13600 PFIZER INC. COMMON STOCK 717081103 690 27,520 X 27520 PROCTOR & GAMBLE COMMON STOCK 742718109 2,071 30,500 X 30500 POLARIS INDUSTRIES COMMON STOCK 731068102 421 5,000 X 5000 PACKAGING CORP OF AM COMMON STOCK 695156109 377 9,800 X 9800 PNC BANK CORPORATION COMMON STOCK 693475105 985 16,900 X 16900 PANERA BREAD CO COMMON STOCK 69840W108 445 2,800 X 2800 PPG INDS INC. COMMON STOCK 693506107 345 2,550 X 2550 PPL CORPORATION COMMON STOCK 69351T106 644 22,500 X 22500 PERRIGO COMPANY COMMON STOCK 714290103 515 4,950 X 4950 PHILLIPS 66 COMMON STOCK 718546104 241 4,537 X 4537 PVH CORP COMMON STOCK 693656100 799 7,200 X 7200 PLAINS EXPLORATION COMMON STOCK 726505100 610 13,000 X 13000 QUALCOMM INC COMMON STOCK 747525103 977 15,800 X 15800 REYNOLDS AMERICAN COMMON STOCK 761713106 323 7,800 X 7800 RACKSPACE HOSTING COMMON STOCK 750086100 557 7,500 X 7500 RENT-A-CENTER INC COMMON STOCK 76009N100 323 9,400 X 9400 EVEREST REINSURANCE COMMON STOCK G3223R108 583 5,300 X 5300 REGENERON PHARMACEUT COMMON STOCK 75886F107 599 3,500 X 3500 RF MICRO DEVICES INC COMMON STOCK 749941100 125 27,800 X 27800 . REINSURANCE GROUP COMMON STOCK 759351604 583 10,900 X 10900 AMER INC ROYAL GOLD INC COMMON STOCK 780287108 529 6,500 X 6500 RIO TINTO PLC COMMON STOCK 767204100 1,005 17,300 X 17300 RAYMOND JAMES FINANC COMMON STOCK 754730109 432 11,200 X 11200 IAL, INC. ROCK-TENN CO COMMON STOCK 772739207 371 5,300 X 5300 RESMED INC. COMMON STOCK 761152107 466 11,200 X 11200 ROVI CORP COMMON STOCK 779376102 159 10,300 X 10300 RPM INTERNATIONAL COMMON STOCK 749685103 385 13,100 X 13100 INC RELIANCE STEEL & ALU COMMON STOCK 759509102 466 7,500 X 7500 RAYTHEON CO COMMON STOCK 755111507 317 5,500 X 5500 RAYONIER INC COMMON STOCK 754907103 638 12,300 X 12300 SIGNATURE BANK COMMON STOCK 82669G104 335 4,700 X 4700 SERVICE CORP INTL COMMON STOCK 817565104 302 21,900 X 21900 SEI CORPORATION COMMON STOCK 784117103 462 19,800 X 19800 SMITHFIELD FOODS INC COMMON STOCK 832248108 293 13,600 X 13600 SHAW GROUP INC COMMON STOCK 820280105 317 6,800 X 6800 SILICON VALLEY BANCS COMMON STOCK 78486Q101 252 4,500 X 4500 HARES JM SMUCKER CO COMMON STOCK 832696405 586 6,800 X 6800 SILICON LABORATORIES COMMON STOCK 826919102 288 6,900 X 6900 SL GREEN REALTY CORP COMMON STOCK 78440X101 682 8,900 X 8900 SILGAN HOLDINGS INC COMMON STOCK 827048109 204 4,900 X 4900 SOLERA HOLDINGS INC COMMON STOCK 83421A104 906 16,950 X 16950 SM ENERGY CO COMMON STOCK 78454L100 334 6,400 X 6400 SENIOR HOUSING PROP COMMON STOCK 81721M109 416 17,600 X 17600 SYNOPSYS, INC.* COMMON STOCK 871607107 586 18,400 X 18400 SUPERIOR ENERGY SERV COMMON STOCK 868157108 327 15,800 X 15800 SPX CORPCOM COMMON STOCK 784635104 358 5,100 X 5100 QUESTAR CORP COMMON STOCK 748356102 350 17,700 X 17700 SOLARWINDS INC COMMON STOCK 83416B109 210 4,000 X 4000 SKYWORKS SOLUTIONS I COMMON STOCK 83088M102 916 45,100 X 45100 STRYKER CORPORATION COMMON STOCK 863667101 625 11,400 X 11400 AT&T COMMON STOCK 00206R102 1,952 57,900 X 57900 TAUBMAN CENTERS INC COMMON STOCK 876664103 496 6,300 X 6300 TORONTO DOMINION COMMON STOCK 891160509 658 7,800 X 7800 TERADATA CORPORATION COMMON STOCK 88076W103 514 8,300 X 8300 TECH DATA CORPCOM COMMON STOCK 878237106 287 6,300 X 6300 Teva Pharmaceutical COMMON STOCK 881624209 1,284 34,400 X 34400 TRIUMPH GROUP INCCOM COMMON STOCK 896818101 327 5,000 X 5000 TARGET CORP. COMMON STOCK 87612E106 633 10,700 X 10700 THORATEC CORPORATION COMMON STOCK 885175307 338 9,000 X 9000 TIBCO SOFTWARE INC COMMON STOCK 88632Q103 345 15,700 X 15700 TJX COMPANIES, INC. COMMON STOCK 872540109 318 7,500 X 7500 TIMKEN CO COMMON STOCK 887389104 636 13,300 X 13300 TOLL BROTHERS, INC. COMMON STOCK 889478103 488 15,100 X 15100 Trimble Navigation COMMON STOCK 896239100 759 12,700 X 12700 TRINITY INDS INC COMMON STOCK 896522109 287 8,000 X 8000 ST PAUL TRAVELERS CO COMMON STOCK 89417E109 646 9,000 X 9000 TRW Automotive Holdi COMMON STOCK 87264S106 625 11,650 X 11650 ngs Co TRACTOR SUPPLY CO COMMON STOCK 892356106 1,175 13,300 X 13300 TUPPERWARE BRANDS COMMON STOCK 899896104 654 10,200 X 10200 TOWERS WATSON & CO COMMON STOCK 891894107 326 5,800 X 5800 TW TELECOM INC COMMON STOCK 87311L104 382 15,000 X 15000 TIME WARNER INC COMMON STOCK 887317303 330 6,900 X 6900 UNDER ARMOUR INC COMMON STOCK 904311107 379 7,800 X 7800 UDR INCCOM COMMON STOCK 902653104 718 30,200 X 30200 DOMTAR CORP. COMMON STOCK 257559203 301 3,600 X 3600 UGI HOLDING CORPCOM COMMON STOCK 902681105 370 11,300 X 11300 UNIVERSAL HEALTH SVS COMMON STOCK 913903100 614 12,700 X 12700 UNITEDHEALTH GROUP I COMMON STOCK 91324P102 955 17,600 X 17600 UNIT CORP COMMON STOCK 909218109 252 5,600 X 5600 UPS COMMON STOCK 911312106 641 8,700 X 8700 UNITED RENTALS INC. COMMON STOCK 911363109 555 12,200 X 12200 URS CORPCM COMMON STOCK 903236107 554 14,100 X 14100 U.S. BANCORP COMMON STOCK 902973304 949 29,700 X 29700 UNITED THERAPEUTICS COMMON STOCK 91307C102 262 4,900 X 4900 UTI WORLDWIDE INC. COMMON STOCK G87210103 149 11,100 X 11100 UNITED TECHNOLOGIES COMMON STOCK 913017109 328 4,000 X 4000 CORPORATION VISA INC COMMON STOCK 92826C839 652 4,300 X 4300 VALSPAR CORPORATION COMMON STOCK 920355104 530 8,500 X 8500 VISTEON CORP COMMON STOCK 92839U206 235 4,368 X 4368 VALERO ENERGY CORP COMMON STOCK 91913Y100 331 9,700 X 9700 VALMONT INDUSTRIES COMMON STOCK 920253101 328 2,400 X 2400 VODAFONE GROUP PLC COMMON STOCK 92857W209 848 33,665 X 33665 VERTEX PHARMA. COMMON STOCK 92532F100 603 14,400 X 14400 VECTREN CORPORATION COMMON STOCK 92240G101 244 8,300 X 8300 VERIZON COMM COMMON STOCK 92343V104 649 15,000 X 15000 WABTEC COMMON STOCK 929740108 543 6,200 X 6200 WEBSTER FINANCIAL COMMON STOCK 947890109 265 12,900 X 12900 WELLCARE HEALTH PLAN COMMON STOCK 94946T106 214 4,400 X 4400 WASTE CONNECTIONS COMMON STOCK 941053100 1,112 32,900 X 32900 WADDEL & REED FINANC COMMON STOCK 930059100 306 8,800 X 8800 IAL CLASS A WELLS FARGO COMMON STOCK 949746101 984 28,800 X 28800 WASTE MANAGEMENT COMMON STOCK 94106L109 327 9,700 X 9700 WAL-MART COMMON STOCK 931142103 785 11,499 X 11499 WESTAR ENERGY INC COMMON STOCK 95709T100 363 12,700 X 12700 WR BERKLEY CORP COMMON STOCK 084423102 415 11,000 X 11000 WILLIAMS-SONOMA, INC COMMON STOCK 969904101 381 8,700 X 8700 .* AQUA AMERICA INC. COMMON STOCK 03836W103 358 14,100 X 14100 WESTERN UNION COMMON STOCK 959802109 958 70,400 X 70400 WOODWARD INC. COMMON STOCK 980745103 355 9,300 X 9300 WEX Inc. COMMON STOCK 96208T104 659 8,750 X 8750 CIMAREX ENERGY CO COMMON STOCK 171798101 491 8,500 X 8500 EXXON MOBIL CORP. COMMON STOCK 30231G102 2,657 30,703 X 30703 ALLEGHANY CORP COMMON STOCK 017175100 268 800 X 800 ZEBRA TECHNOLOGIES COMMON STOCK 989207105 267 6,800 X 6800 GRAND TOTAL: 192,351