13F-HR 1 l13568ae13fvhr.txt TODD INVESTMENT ADVISORS, INC. 13F-HR OMB APPROVAL OMB Number: 3235-006 Expires: February 28, 1994 UNITED STATES Estimated average burden SECURITIES AND EXCHANGE COMMISSION hours per form ...... 24.60 Washington, D.C. 20549 SEC USE ONLY FORM 13F INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13 (f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Report for the Calendar Year or Quarter Ended March 31st, 2005. (Please read instructions before preparing form.) If amended report check here: [ ] Todd Investment Advisors, Inc. _______________________________________________________________________________ Name of Institutional Investment Manager 101 South Fifth Street, Suite 3160 Louisville, KY 40202 _______________________________________________________________________________ Business Address (Street) (City) (State) (Zip) Bosworth M. Todd (502) 585-3121 Chairman _______________________________________________________________________________ Name, Phone No., and Title of Person Duly Authorized to Submit This Report. ATTENTION INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a). The institutional investment manager submitting this Form and its attachments and the person whom it is signed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements and schedules are considered integral parts of this Form and the submission of any amendment represents that all unamend- ed items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on its behalf in the City of Louisville and State of Kentucky on the 22nd day of April, 2005. TODD INVESTMENT ADVISORS, INC. _______________________________________________ (Name of Institutional Investment Manager) Bosworth M. Todd _______________________________________________ (Manual Signature of Person Duly Authorized to Submit This Report) Name and 13F file number of ALL Institutional Investment Managers with respect to which this schedule is filled (other than the one filing this report): (List is alphabetical order). 13F File Numbers will be assigned to Institutional Investment Manager after they file their first report.

Name: 13f file No.: ~~Name:~~----- ~~13f~~------------- ~~file No.:~~ 1. Todd Investment Advisors, Inc. 28-834 6.___________________________________________ _____________________ 2. 7.___________________________________________ _____________________ 3. 8.___________________________________________ _____________________ 4. 9.___________________________________________ _____________________ 5. ___________________________________________ _____________________ 6. ___________________________________________ _____________________ 7. ___________________________________________ _____________________ 8. ___________________________________________ _____________________ 9. ___________________________________________ _____________________ 10. ___________________________________________ _____________________

SEC 1685(5/91) FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 123 FORM 13F INFORMATION TABLE VALUE TOTAL: 2,218,656 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME Page 1 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: --------------------------~~--------~~ Item 28: ~~Item 4: Item 5: Item 1:~~ Title Item 3: Fair Shares of (b) Shared- Item 7: ~~Name~~Voting ofAuthority ~~Issuer~~( Shares) Item 1: of CUSIP Market Principal (ba) Sole As Defined Shared- Managers ---------------------------- Name of Issuer Class Number Value Amount ~~(a)~~in ~~Sole~~Inst. AsOther ~~Defined (c) Shared-~~ See Inst. V in(a) ~~Inst.~~Sole V(b) ~~Other~~Shared (c) None ------------------- ------- ---- ------ --------- ---------- ----------- --------------- ----------- -------- ---- ------ -------- 3M CO Common 88579Y101 2,~~507~~585 30,~~549~~169 23,715 6,454 ABBOTT LABS Common 002824100 1,~~457~~443 3130,~~238~~956 9,656 21,300 AEGON N V Common 007924103 ~~185~~182 13,520 0 13,520 AGILENT TECHNOLOGIES INC Common 00846U101 6,~~587~~068 273,335 300 273,035 ALCOA INC Common 013817101 ~~485~~459 15,~~450~~110 ~~ALLERGAN INC 018490102 203 2~~15,~~500~~110 0 ALTRIA GROUP INC Common 02209S103 4749,~~695~~305 ~~780~~754,~~613~~013 222,593 531,420 AMERICAN EXPRESS CO Common 025816109 1,~~297~~164 2322,~~000~~660 22,660 0 AMERICAN INTL GROUP INC Common 026874107 1210,~~267~~248 ~~186~~184,~~791~~951 36,777 148,174 ANHEUSER BUSCH COS INC Common 035229103 2219,~~097~~732 ~~435~~416,~~589~~365 203,290 213,075 APPLIED MATLS INC Common 038222105 1110,~~797~~793 ~~689~~664,~~901~~195 344,575 319,620 ARCHSTONE SMITH TR Common 039583109 64,~~053~~478 ~~158~~131,~~040~~280 113,830 17,450 ASHLAND INC Common 044204105 ~~295~~341 5,052 5,052 0 AVON PRODS INC Common 054303102 ~~828~~919 21,400 3,000 18,400 BANK OF AMERICA CORP Common 060505104 8476,~~462~~214 1,~~797~~728,~~442~~204 541,602 1,186,602 BELLSOUTH CORP Common 079860102 1,~~214~~043 4339,690 12,790 26,900 BEST BUY INC Common 086516101 6455,~~399~~748 1,~~083~~032,~~800~~180 ~~263~~308,~~828~~750 723,430 BOEING CO Common 097023105 869 14,860 14,860 0

Page 2 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: -------------------------- Item 8: Title Item 3: Fair Shares of (b) Shared- Item 7: Voting Authority ( Shares) Item 1: of CUSIP Market Principal (a) Sole As Defined Shared Managers ---------------------------- ~~Item 1:~~ Name of Issuer Class Number Value Amount in Inst. Other See Inst. V (a) Sole (b) Shared (c) None ------------------- ------- --------- --------- --------- -------------------------- ----------- 3M-------- CO---------- ~~24,095~~-------- 6241,~~454~~591 ~~ABBOTT~~BP ~~LABS~~PLC 9Common 055622104 47,~~256~~038 21753,~~982~~810 ~~AEGON~~338,878 N414,932 VBRISTOL 0MYERS ~~13,520~~SQUIBB ~~AGILENT~~CO ~~TECHNOLOGIES~~Common ~~INC~~110122108 022,123 ~~273~~868,~~335~~924 ~~ALCOA~~328,970 ~~INC 15~~539,~~450~~954 0BROWN ~~ALLERGAN~~FORMAN ~~INC~~CL 0B 2Common 115637209 684 12,500 ~~ALTRIA~~1,600 ~~GROUP~~10,900 BURLINGTON RES INC ~~244~~Common 122014103 1,~~053~~563 ~~536~~31,~~560~~210 ~~AMERICAN~~31,210 ~~EXPRESS~~0 COCAPITAL 23ONE FINL CORP Common 14040H105 11,515 154,000 0 ~~AMERICAN~~154,000 ~~INTL~~CARDINAL ~~GROUP~~HEALTH INC 37Common 14149Y108 23,~~117~~639 ~~149~~423,~~674~~642 ~~ANHEUSER~~199,485 ~~BUSCH~~224,157 ~~COS~~CATERPILLAR INC ~~219~~DEL Common 149123101 1,~~134~~853 ~~216~~20,~~455~~260 ~~APPLIED~~20,260 ~~MATLS~~0 ~~INC~~CHEVRONTEXACO ~~363~~CORP Common 166764100 40,~~341~~964 ~~326~~702,~~560~~525 ~~ARCHSTONE~~297,433 ~~SMITH~~405,092 TRCINCINNATI ~~137~~FINL CORP Common 172062101 398 9,~~990~~135 20210 8,~~050~~925 ~~ASHLAND~~CISCO SYS INC 5Common 17275R102 31,~~052~~442 01,757,500 ~~AVON~~653,790 ~~PRODS~~1,103,710 CITIGROUP INC 3Common 172967101 63,827 1,420,262 466,532 953,730 COCA COLA CO Common 191216100 8,092 194,181 29,665 164,516 COLGATE PALMOLIVE CO Common 194162103 261 5,000 180 5,~~400~~000 ~~BANK~~COMPUTER OFASSOC ~~AMERICA~~INTL ~~CORP~~INC ~~604~~Common 204912109 9,~~556~~100 1335,~~192~~777 11 335,~~886~~766 ~~BELLSOUTH~~COMPUTER SCIENCES CORP 14Common 205363104 35,~~790~~143 28766,~~900~~472 ~~BEST~~260,639 ~~BUY~~505,833 ~~INC~~CONOCOPHILLIPS ~~355~~Common 20825C104 95,~~020~~487 ~~728~~885,~~780~~455 237,343 648,112

Page 3 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: --------------------------~~--------~~ Item 28: ~~Item 4: Item 5: Item 1:~~ Title Item 3: Fair Shares of (b) Shared- Item 7: ~~Name~~Voting ofAuthority ~~Issuer~~( Shares) Item 1: of CUSIP Market Principal (ba) Sole As Defined Shared- Managers ---------------------------- Name of Issuer Class Number Value Amount ~~(a)~~in ~~Sole~~Inst. AsOther ~~Defined (c) Shared-~~ See Inst. V in(a) ~~Inst.~~Sole V(b) ~~Other~~Shared (c) None ------------------- ------- ---- ------ --------- ---------- ----------- --------------- ----------- -------- ---- ------ -------- ~~BLOCK~~DEERE H & RCO ~~INC~~Common ~~093671105~~244199105 2825,~~330~~750 ~~578~~383,585 145,170 ~~BOEING~~238,415 418,879 DISNEY WALT CO ~~097023105~~Common ~~787~~254687106 151,~~200~~027 BP35,760 ~~PLC~~31,160 ~~055622104~~4,600 46DOMINION RES INC VA NEW Common 25746U109 49,~~985~~962 ~~804~~671,~~531~~259 ~~BRISTOL~~215,504 ~~MYERS~~455,755 ~~SQUIBB~~DOVER COCORP ~~110122108~~Common 23260003108 702 18,~~151~~580 ~~903~~10,~~643~~180 ~~BROWN~~8,400 ~~FORMAN~~DOW CLCHEM BCO ~~115637209~~Common ~~609~~260543103 1228,~~500~~425 ~~BURLINGTON~~570,219 ~~RES~~241,182 ~~INC~~329,037 ~~122014103~~DU PONT E I DE NEMOURS & Common 263534109 1,~~358~~429 3127,~~210~~892 ~~CAPITAL~~23,950 ~~ONE~~3,942 ~~FINL~~DUKE ENERGY CORP ~~14040H105~~Common 12264399106 14,~~968~~901 ~~154~~532,000 ~~CARDINAL~~0 ~~HEALTH~~532,000 ~~INC~~DUKE ~~14149Y108~~REALTY ~~25,611~~CORP ~~440,430~~Common ~~CATERPILLAR~~264411505 ~~INC~~949 ~~DEL~~31,780 ~~149123101 2~~8,~~009~~270 2023,~~600~~510 ~~CHEVRONTEXACO~~EMERSON ~~CORP~~ELEC ~~166764100~~CO 38Common 291011104 39,~~280~~758 ~~728~~612,~~997~~320 ~~CINCINNATI~~170,520 ~~FINL~~441,800 ENGELHARD CORP ~~172062101~~Common ~~404~~292845104 98,~~135~~261 ~~CISCO~~275,100 ~~SYS~~1,500 ~~INC~~273,600 ~~17275R102~~EQUITY 35OFFICE PROPERTIES Common 294741103 4,~~434~~184 1138,~~834~~855 120,~~072~~388 ~~CITIGROUP~~18,467 ~~INC~~EQUITY ~~172967101~~RESIDENTIAL 70Common 29476L107 4,~~671~~663 1144,~~466~~769 134,~~807~~529 ~~COCA~~10,240 ~~COLA~~EXXON COMOBIL ~~191216100~~CORP Common 30231G102 8,~~073~~604 ~~193~~144,~~881~~355 ~~COLGATE~~51,092 ~~PALMOLIVE~~93,263 COFEDERAL ~~194162103~~REALTY ~~256~~INVT 5TR Common 313747206 7,978 165,000 ~~COMPUTER~~0 ~~ASSOC~~165,000 ~~INTL~~FIRST ~~INC~~DATA ~~204912109~~CORP 10Common 319963104 35,~~434~~076 ~~335~~892,~~941~~299 ~~COMPUTER~~283,701 ~~SCIENCES~~608,598 ~~CORP~~FIRST ~~205363104~~INDUSTRIAL 44REALTY Common 32054K103 3,~~999~~879 ~~798~~102,~~282~~540 ~~350~~86,~~359~~690 15,850

Page 4 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: -------------------------- Item 8: Title Item 3: Fair Shares of (b) Shared- Item 7: Voting Authority ( Shares) Item 1: of CUSIP Market Principal (a) Sole As Defined Shared Managers ---------------------------- ~~Item 1:~~ Name of Issuer Class Number Value Amount in Inst. Other See Inst. V (a) Sole (b) Shared (c) None -------------------- ------- --------- --------- --------- -------------------------- ----------- ~~BLOCK~~-------- H---------- &-------- RFLEXTRONICS ~~INC~~INTL ~~257~~LTD Common Y2573F102 1,~~330~~134 ~~320~~94,~~840~~148 ~~BOEING~~80,010 14,138 FORD MTR CO 15DEL Common 345370860 4,~~200~~995 0440,875 BP29,775 ~~PLC~~411,100 ~~382~~215,~~279~~927 ~~422~~GANNETT INC Common 364730101 16,~~252~~686 ~~BRISTOL~~211,000 ~~MYERS~~0 ~~SQUIBB~~211,000 GENERAL ELEC CO ~~358~~Common 369604103 74,~~289~~768 ~~545~~2,~~354~~073,444 ~~BROWN~~661,247 ~~FORMAN~~1,412,197 CLGENERAL BMTRS 1CORP Common 370442105 2,~~600~~318 1078,~~900~~860 ~~BURLINGTON~~78,860 ~~RES~~0 ~~INC~~HEINZ 31H J CO Common 423074103 10,~~210~~756 0291,970 ~~CAPITAL~~4,220 ~~ONE~~287,750 ~~FINL~~HERSHEY FOODS CORP Common 427866108 242 4,000 0 ~~154~~4,000 ~~CARDINAL~~HEWLETT ~~HEALTH~~PACKARD ~~INC~~CO ~~212~~Common 428236103 22,~~723~~426 ~~227~~1,~~707~~022,165 ~~CATERPILLAR~~44,240 977,925 HILLENBRAND INDS INC ~~DEL~~Common 20431573104 200 3,~~600~~612 0500 ~~CHEVRONTEXACO~~3,112 ~~CORP~~HOME ~~320~~DEPOT INC Common 437076102 34,~~943~~534 ~~408~~903,~~054~~083 ~~CINCINNATI~~330,313 ~~FINL~~572,770 ~~CORP~~HONDA ~~210~~MOTOR ~~8,925~~LTD ~~CISCO~~Common ~~SYS~~438128308 ~~INC~~6,868 ~~723~~274,~~462~~279 1256,~~110~~894 17,~~610~~385 ~~CITIGROUP~~HONEYWELL INTL INC ~~506~~Common 438516106 1,~~247~~990 ~~960~~53,~~560~~477 ~~COCA~~38,447 ~~COLA~~15,030 COHSBC 29HLDGS PLC Common 404280406 10,~~365~~620 ~~164~~133,~~516~~750 ~~COLGATE~~0 ~~PALMOLIVE~~133,750 COINTEL 0CORP 5Common 458140100 948 40,~~000~~800 ~~COMPUTER~~30,260 ~~ASSOC~~10,540 ~~INTL~~INTERNATIONAL ~~INC~~BUSINESS ~~191~~M ~~335~~Common 459200101 2,~~750~~593 ~~COMPUTER~~28,376 ~~SCIENCES~~20,360 ~~CORP~~8,016 ~~288~~INTL PAPER CO Common 460146103 5,~~049~~708 ~~510~~155,~~233~~164 164 155,000

Page 5 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: --------------------------~~--------~~ Item 28: ~~Item 4: Item 5: Item 1:~~ Title Item 3: Fair Shares of (b) Shared- Item 7: ~~Name~~Voting ofAuthority ~~Issuer~~( Shares) Item 1: of CUSIP Market Principal (ba) Sole As Defined Shared- Managers ---------------------------- Name of Issuer Class Number Value Amount ~~(a)~~in ~~Sole~~Inst. AsOther ~~Defined (c) Shared-~~ See Inst. V in(a) ~~Inst.~~Sole V(b) ~~Other~~Shared (c) None ------------------- ------- ---- ------ --------- ---------- ----------- --------------- ----------- -------- ---- ------ -------- ~~CONOCOPHILLIPS~~JEFFERSON ~~20825C104~~PILOT 79CORP Common 475070108 12,~~573~~591 ~~916~~256,~~427~~705 ~~DISNEY~~92,915 ~~WALT~~163,790 COJOHNSON ~~254687106~~& 1JOHNSON Common 478160104 4,~~004~~248 3663,~~100~~250 ~~DOMINION~~28,440 ~~RES~~34,810 ~~INC~~JPMORGAN VA& ~~NEW~~CHASE ~~25746U109~~& 47CO Common 46625H100 22,~~009~~929 ~~693~~662,~~957~~699 ~~DOVER~~40,263 ~~CORP~~622,436 ~~260003108~~230,425 ~~779~~KENTUCKY ~~18,580~~BANCSHARES ~~DOW~~INC ~~CHEM~~Common CO491203105 ~~260543103~~248 298,~~727~~400 ~~600~~8,~~417~~400 DU0 ~~PONT~~KERR EMCGEE ICORP DECommon ~~NEMOURS~~492386107 &36,324 ~~263534109~~463,728 1140,~~356~~998 27322,~~642~~730 ~~DUKE~~KEYSPAN ~~ENERGY~~ CORP ~~264399106~~Common 1349337W100 42,141 1,081,366 309,476 ~~532~~771,~~000~~890 ~~DUKE~~KIMBERLY ~~REALTY~~CLARK CORP ~~264411505~~Common 4494368103 78,~~823~~445 ~~141~~1,~~280~~193,448 ~~EMERSON~~339,068 ~~ELEC~~854,380 COKOHLS ~~291011104~~CORP 44Common 500255104 18,~~446~~081 ~~634~~350,~~042~~200 ~~ENGELHARD~~0 ~~CORP~~350,200 ~~292845104~~LEXMARK 8INTL CL A Common 529771107 798 9,~~437~~980 ~~275~~9,~~100~~980 ~~EQUITY~~0 ~~OFFICE~~LILLY ~~PROPERTIES~~ELI ~~294741103~~& 5CO Common 532457108 243 4,~~830~~670 ~~200~~4,~~197~~670 ~~EQUITY~~0 ~~RESIDENTIAL~~MACK ~~29476L107~~CALI 5RLTY CORP Common 554489104 2,~~531~~094 ~~152~~49,~~886~~445 ~~EXXON~~47,895 ~~MOBIL~~1,550 ~~CORP~~MBIA ~~30231G102~~INC Common 55262C100 7,~~582~~656 ~~147~~146,~~917~~441 ~~FEDERAL~~12,929 ~~REALTY~~133,512 ~~INVT~~MBNA TRCORP ~~313747206~~Common 855262L100 45,~~522~~970 ~~165~~1,~~000~~872,495 ~~FIRST~~603,503 ~~DATA~~1,268,992 MCDONALDS CORP ~~319963104~~Common 39580135101 20,~~264~~791 ~~922~~667,~~985~~655 ~~FIRST~~168,405 ~~INDUSTRIAL~~499,250 ~~REALTY~~MCKESSON ~~32054K103~~CORP 5Common 58155Q103 21,~~040~~239 ~~123~~562,~~730~~613 ~~FLEXTRONICS~~263,473 ~~INTL~~299,140 ~~LTD~~MEDCO ~~Y2573F102~~HEALTH 2SOLUTIONS I Common 58405U102 3,~~627~~441 ~~190~~69,~~078~~420 ~~305~~12,~~026~~889 56,531

Page 6 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: -------------------------- Item 8: Title Item 3: Fair Shares of (b) Shared- Item 7: Voting Authority ( Shares) Item 1: of CUSIP Market Principal (a) Sole As Defined Shared Managers ---------------------------- ~~Item 1:~~ Name of Issuer Class Number Value Amount in Inst. Other See Inst. V (a) Sole (b) Shared (c) None ------------------- ------- --------- --------- --------- -------------------------- ----------- ~~CONOCOPHILLIPS~~-------- ~~263,077~~---------- ~~653,350~~-------- ~~DISNEY~~MERCK ~~WALT~~& CO 31INC Common 589331107 2,~~500~~901 489,~~600~~613 ~~DOMINION~~83,000 ~~RES~~6,613 ~~INC~~MGIC VAINVT ~~NEW~~CORP ~~235~~WIS Common 552848103 33,~~502~~585 ~~458~~544,~~455~~596 ~~DOVER~~206,446 338,150 MICROSOFT CORP 10Common 594918104 75,~~180~~943 83,~~400~~142,036 ~~DOW~~887,966 ~~CHEM~~2,254,070 CONATIONAL ~~266~~CITY CORP Common 635405103 2,~~660~~528 ~~333~~75,~~757~~459 DU7,200 ~~PONT~~68,259 E392,428 INEENAH DEPAPER ~~NEMOURS~~INC &Common 23640079109 839 24,~~700~~941 332 24,~~942~~909 ~~DUKE~~NORFOLK ~~ENERGY~~SOUTHERN CORP 0Common ~~532~~655844108 421 11,~~000~~358 ~~DUKE~~3,775 ~~REALTY~~7,583 ORACLE CORP ~~109~~Common 68389X105 5,~~870~~099 31408,~~410~~575 ~~EMERSON~~389,185 ~~ELEC~~19,390 COPEPSICO ~~187~~INC Common 713448108 2,~~712~~125 ~~446~~40,~~330~~065 ~~ENGELHARD~~38,765 ~~CORP~~1,300 PFIZER INC Common 717081103 42,394 1,~~500~~613,788 ~~273~~426,~~600~~878 ~~EQUITY~~1,186,910 ~~OFFICE~~PNC ~~PROPERTIES~~FINL ~~178~~SVCS GROUP INC Common 693475105 8,~~870~~663 21168,~~327~~275 ~~EQUITY~~154,801 ~~RESIDENTIAL~~13,474 ~~139~~PRAXAIR INC Common 74005P104 224 4,~~936~~680 124,~~950~~680 ~~EXXON~~0 ~~MOBIL~~PROCTER ~~CORP~~& 53GAMBLE CO Common 742718109 2,~~594~~957 9455,~~323~~793 ~~FEDERAL~~28,497 ~~REALTY~~27,296 ~~INVT~~RAYTHEON TRCO 0Common ~~165~~755111507 9,~~000~~938 ~~FIRST~~256,800 ~~DATA~~100 256,700 REGIONS FINANCIAL CORP ~~309~~N Common 7591EP100 17,~~444~~480 ~~613~~539,~~541~~520 ~~FIRST~~0 ~~INDUSTRIAL~~539,520 ~~REALTY~~REYNOLDS ~~105~~AMERICAN INC Common 761713106 935 11,~~980~~600 1711,~~750~~600 ~~FLEXTRONICS~~0 ~~INTL~~ROYAL ~~LTD~~DUTCH ~~170~~PETE CO Common 780257804 37,~~090~~757 19628,~~988~~864 300 628,564

Page 7 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: --------------------------~~--------~~ Item 28: ~~Item 4: Item 5: Item 1:~~ Title Item 3: Fair Shares of (b) Shared- Item 7: ~~Name~~Voting ofAuthority ~~Issuer~~( Shares) Item 1: of CUSIP Market Principal (ba) Sole As Defined Shared- Managers ---------------------------- Name of Issuer Class Number Value Amount ~~(a)~~in ~~Sole~~Inst. AsOther ~~Defined (c) Shared-~~ See Inst. V in(a) ~~Inst.~~Sole V(b) ~~Other~~Shared (c) None ------------------- ------- ---- ------ --------- ---------- ----------- --------------- ----------- -------- ---- ------ -------- ~~FORD~~S ~~MTR~~Y COBANCORP ~~DEL~~INC ~~345370860~~Common 6785060104 786 35,~~475~~748 ~~442~~35,~~260~~748 ~~GANNETT~~0 ~~INC~~SARA ~~364730101~~LEE 17CORP Common 803111103 955 43,~~245~~090 ~~211~~10,~~075~~920 ~~GENERAL~~32,170 ~~ELEC~~SBC COCOMMUNICATIONS ~~369604103~~INC 78Common 78387G103 36,~~244~~727 21,~~143~~550,~~676~~316 ~~GENERAL~~499,841 ~~MTRS~~1,050,475 SCHERING PLOUGH CORP ~~370442105~~Common 806605101 418 23,040 2,~~861~~540 7120,~~430~~500 ~~HEINZ~~SCHLUMBERGER HLTD JCommon CO806857108 ~~423074103~~7,224 11102,~~382~~500 ~~291~~2,~~910~~000 ~~HERSHEY~~100,500 ~~FOODS~~174,942 ~~CORP~~SHERWIN ~~427866108~~WILLIAMS ~~222~~CO 4Common 824348106 264 6,000 ~~HEWLETT~~0 ~~PACKARD~~6,000 COSIMON ~~428236103~~PPTY 21GROUP INC NEW Common 828806109 3,~~472~~193 152,~~023~~700 39,~~930~~100 ~~HILLENBRAND~~13,600 ~~INDS~~SOUTHERN ~~INC~~CO ~~431573104~~Common ~~201~~842587107 3483 15,~~612~~170 ~~HOME~~870 ~~DEPOT~~14,300 ~~INC~~STATE ~~437076102~~STR 40CORP Common 857477103 437 10,~~222~~000 ~~941~~2,~~088~~300 ~~HONDA~~7,700 ~~MOTOR~~SUNGARD ~~LTD~~DATA ~~438128308~~SYS 7INC Common 867363103 26,~~989~~387 ~~306~~764,~~559~~830 ~~HONEYWELL~~151,980 ~~INTL~~612,850 ~~INC~~TARGET ~~438516106~~CORP Common 87612E110 84,262 1,~~987~~684,559 56406,~~112~~874 ~~HSBC~~1,277,685 ~~HLDGS~~TEXAS ~~PLC~~INSTRS ~~404280406~~INC 11Common 882508104 21,~~387~~339 ~~133~~837,~~750~~158 ~~INTEL~~208,708 ~~CORP~~628,450 ~~458140100~~UNION ~~974~~PAC ~~41,640~~CORP ~~INTERNATIONAL~~Common ~~BUSINESS~~907818108 M31,666 ~~459200101~~454,322 2191,~~922~~242 29263,~~640~~080 ~~INTL~~UNITED ~~PAPER~~TECHNOLOGIES COCORP ~~460146103~~Common 6913017109 72,~~517~~051 ~~155~~708,~~164~~745 ~~ISHSTR~~225,192 ~~LEHMAN~~483,553 ~~AGG~~UNITEDHEALTH ~~BND~~GROUP ~~464287226~~INC 1Common 91324P102 23,~~993~~845 19250,~~470~~000 ~~ISHSTR~~0 ~~MSCI~~250,000 ~~EAFE~~UNOCAL ~~IDX~~CORP ~~464287465~~Common ~~346~~915289102 230,~~160~~854 ~~212~~500,~~439~~145 113,445 386,700

Page 8 of 8 FORM 13F (SEC USE ONLY) Name of Reporting Manager Todd Investment Advisors

Item 6: Investment Discretion Item 2: Item 4: Item 5: -------------------------- Item 8: Title Item 3: Fair Shares of (b) Shared- Item 7: Voting Authority ( Shares) Item 1: of CUSIP Market Principal (a) Sole As Defined Shared Managers ---------------------------- ~~Item 1:~~ Name of Issuer Class Number Value Amount in Inst. Other See Inst. V (a) Sole (b) Shared (c) None ------------------- ------- --------- --------- --------- -------------------------- ----------- ~~FORD~~-------- ~~MTR~~---------- CO-------- US BANCORP DEL 30Common 902973304 795 27,~~985~~588 ~~411~~12,~~275~~470 ~~GANNETT~~15,118 UST INC 75Common ~~211~~902911106 2,~~000~~010 ~~GENERAL~~38,870 ~~ELEC~~23,720 CO15,150 ~~722~~VERIZON COMMUNICATIONS Common 92343V104 50,~~599~~478 1,421,~~077~~905 ~~GENERAL~~374,241 ~~MTRS~~1,047,664 WACHOVIA CORP ~~71,430~~2ND 0NEW ~~HEINZ~~Common H929903102 J56,761 CO1,114,924 4306,~~160~~254 ~~287~~808,~~750~~670 ~~HERSHEY~~WAL ~~FOODS~~MART ~~CORP~~STORES 0INC ~~4,000~~Common ~~HEWLETT~~931142103 ~~PACKARD~~1,762 CO35,160 4623,~~005~~960 ~~977~~11,~~925~~200 ~~HILLENBRAND~~WALGREEN ~~INDS~~CO ~~INC~~Common ~~500~~931422109 598 13,460 3,~~112~~500 ~~HOME DEPOT INC 362~~9,~~648~~960 ~~578~~407,~~440~~185 ~~HONDA~~WELLPOINT ~~MOTOR~~INC ~~LTD~~Common ~~286~~94973V107 71,~~284~~900 20573,~~275~~597 ~~HONEYWELL~~202,602 ~~INTL~~370,995 ~~INC~~WELLS ~~38,582~~FARGO ~~17,530~~& ~~HSBC~~CO ~~HLDGS~~NEW ~~PLC~~Common 0949746101 ~~133~~64,~~750~~002 ~~INTEL~~1,070,260 ~~CORP 30~~316,~~900~~385 10753,~~740~~875 ~~INTERNATIONAL~~WYETH ~~BUSINESS~~Common M983024100 21526 12,~~624~~465 82,~~016~~400 ~~INTL~~10,065 ~~PAPER~~XCEL COENERGY ~~164~~INC ~~155,000~~Common ~~ISHSTR~~98389B100 ~~LEHMAN~~851 ~~AGG~~49,540 ~~BND 19~~49,~~470~~540 0 ~~ISHSTR~~137,279 ~~MSCI EAFE IDX~~ 2,~~160 0~~218,656

Item 6: Investment Discretion ---------------------------------- Item 2: Item 4: Item 5: Item 1: Title Item 3: Fair Shares of Item 7: Name of Issuer of CUSIP Market Principal (b) Shared- Managers Class Number Value Amount (a) Sole As Defined (c) Shared- See Inst. V in Inst. V Other ------------------------------ ------ --------- ---------- ----------- -------- ----------- ------------ ----------- ISHSTR RUSSELL 1000VAL 464287598 445 6,718 ISHSTR S&P MIDCP GROW 464287606 469 3,490 ISHSTR S&P MIDCP VALU 464287705 922 7,180 ISHSTR S&P SMLCP GROW 464287887 395 3,690 ISHSTR S&P500/BAR GRW 464287309 1,692 29,300 ISHSTR S&P500/BAR VAL 464287408 1,065 16,950 ISHSTR SMLCP VALU 464287879 638 5,240 ISHSTR TR 1-3 YR TRS BD 464287457 929 11,410 JEFFERSON PILOT CORP 475070108 13,577 261,293 JOHNSON & JOHNSON 478160104 4,043 63,745 JPMORGAN & CHASE & CO 46625H100 25,887 663,604 KENTUCKY BANCSHARES INC 491203105 256 8,400 KERR MCGEE CORP 492386107 27,017 467,502 KEYSPAN CORP 49337W100 44,066 1,117,005 KIMBERLY CLARK CORP 494368103 81,131 1,232,814 KOHLS CORP 500255104 17,219 350,200 LEXMARK INTL CL A 529771107 950 11,180 220,701

Item 8: Voting Authority (Shares) ------------------------- Item 1: Name of Issuer (a) Sole (b) Shared (c) None ------------------------------ -------- ---------- ---------- ISHSTR RUSSELL 1000VAL 0 6,718 ISHSTR S&P MIDCP GROW 3,490 0 ISHSTR S&P MIDCP VALU 7,180 0 ISHSTR S&P SMLCP GROW 3,690 0 ISHSTR S&P500/BAR GRW 29,300 0 ISHSTR S&P500/BAR VAL 16,950 0 ISHSTR SMLCP VALU 5,240 0 ISHSTR TR 1-3 YR TRS BD 6,210 5,200 JEFFERSON PILOT CORP 93,883 167,410 JOHNSON & JOHNSON 29,035 34,710 JPMORGAN & CHASE & CO 41,168 622,436 KENTUCKY BANCSHARES INC 8,400 0 KERR MCGEE CORP 144,282 323,220 KEYSPAN CORP 338,685 778,320 KIMBERLY CLARK CORP 371,774 861,040 KOHLS CORP 0 350,200 LEXMARK INTL CL A 11,180 0

Item 6: Investment Discretion ---------------------------------- Item 2: Item 4: Item 5: Item 1: Title Item 3: Fair Shares of Item 7: Name of Issuer of CUSIP Market Principal (b) Shared- Managers Class Number Value Amount (a) Sole As Defined (c) Shared- See Inst. V in Inst. V Other ------------------------------ ------ --------- ---------- ----------- -------- ----------- ------------ ----------- LILLY ELI & CO 532457108 232 4,080 MACK CALI RLTY CORP 554489104 2,490 54,095 MBIA INC 55262C100 9,595 151,631 MBNA CORP 55262L100 54,839 1,945,340 MCDONALDS CORP 580135101 22,561 703,705 MCKESSON CORP 58155Q103 19,127 607,970 MEDCO HEALTH SOLUTIONS I 58405U102 2,900 69,715 MERCK & CO INC 589331107 3,054 95,033 MGIC INVT CORP WIS 552848103 39,341 570,904 MICROSOFT CORP 594918104 86,132 3,223,488 NATIONAL CITY CORP 635405103 2,849 75,884 NEENAH PAPER INC 640079109 813 24,941 NORFOLK SOUTHERN CORP 655844108 411 11,358 ORACLE CORP 68389X105 5,997 437,065 PEPSICO INC 713448108 2,294 43,955 PFIZER INC 717081103 44,472 1,653,841 PNC FINL SVCS GROUP INC 693475105 10,272 178,833 307,379

Item 8: Voting Authority (Shares) ------------------------- Item 1: Name of Issuer (a) Sole (b) Shared (c) None ------------------------------ -------- ---------- ---------- LILLY ELI & CO 4,080 0 MACK CALI RLTY CORP 52,545 1,550 MBIA INC 18,119 133,512 MBNA CORP 666,748 1,278,592 MCDONALDS CORP 199,915 503,790 MCKESSON CORP 303,410 304,560 MEDCO HEALTH SOLUTIONS I 12,889 56,826 MERCK & CO INC 87,670 7,363 MGIC INVT CORP WIS 229,324 341,580 MICROSOFT CORP 956,508 2,266,980 NATIONAL CITY CORP 7,200 68,684 NEENAH PAPER INC 32 24,909 NORFOLK SOUTHERN CORP 3,775 7,583 ORACLE CORP 409,445 27,620 PEPSICO INC 42,655 1,300 PFIZER INC 460,081 1,193,760 PNC FINL SVCS GROUP INC 162,259 16,574

Item 6: Investment Discretion ---------------------------------- Item 2: Item 4: Item 5: Item 1: Title Item 3: Fair Shares of Item 7: Name of Issuer of CUSIP Market Principal (b) Shared- Managers Class Number Value Amount (a) Sole As Defined (c) Shared- See Inst. V in Inst. V Other ------------------------------ ------ --------- ---------- ----------- -------- ----------- ------------ ----------- PRAXAIR INC 74005P104 207 4,680 PROCTER & GAMBLE CO 742718109 3,129 56,813 RAYTHEON CO 755111507 9,972 256,800 REGIONS FINANCIAL CORP N 7591EP100 19,202 539,520 REYNOLDS AMERICAN INC 761713106 912 11,600 ROYAL DUTCH PETE CO 780257804 36,084 628,864 S Y BANCORP INC 785060104 862 35,748 SARA LEE CORP 803111103 1,040 43,090 SBC COMMUNICATIONS INC 78387G103 40,657 1,577,700 SCHERING PLOUGH CORP 806605101 502 24,040 SCHLUMBERGER LTD 806857108 6,916 103,300 SHERWIN WILLIAMS CO 824348106 268 6,000 SIMON PPTY GROUP INC NEW 828806109 3,633 56,170 SOUTHERN CO 842587107 510 15,200 SPDR TR UNIT SER 1 78462F103 594 4,918 STATE STR CORP 857477103 491 10,000 SUNGARD DATA SYS INC 867363103 21,990 776,210 146,969

Item 8: Voting Authority (Shares) ------------------------- Item 1: Name of Issuer (a) Sole (b) Shared (c) None ------------------------------ -------- ---------- ---------- PRAXAIR INC 4,680 0 PROCTER & GAMBLE CO 28,917 27,896 RAYTHEON CO 100 256,700 REGIONS FINANCIAL CORP N 0 539,520 REYNOLDS AMERICAN INC 11,600 0 ROYAL DUTCH PETE CO 300 628,564 S Y BANCORP INC 35,748 0 SARA LEE CORP 10,920 32,170 SBC COMMUNICATIONS INC 526,155 1,051,545 SCHERING PLOUGH CORP 2,540 21,500 SCHLUMBERGER LTD 2,100 101,200 SHERWIN WILLIAMS CO 0 6,000 SIMON PPTY GROUP INC NEW 42,570 13,600 SOUTHERN CO 3,200 12,000 SPDR TR UNIT SER 1 4,918 0 STATE STR CORP 0 10,000 SUNGARD DATA SYS INC 162,760 613,450

Item 6: Investment Discretion ---------------------------------- Item 2: Item 4: Item 5: Item 1: Title Item 3: Fair Shares of Item 7: Name of Issuer of CUSIP Market Principal (b) Shared- Managers Class Number Value Amount (a) Sole As Defined (c) Shared- See Inst. V in Inst. V Other ------------------------------ ------ --------- ---------- ----------- -------- ----------- ------------ ----------- TARGET CORP 87612E110 91,295 1,758,032 TEXAS INSTRS INC 882508104 21,045 854,791 UNION PAC CORP 907818108 31,909 474,482 UNITED TECHNOLOGIES CORP 913017109 76,043 735,784 UNITEDHEALTH GROUP INC 91324P102 22,008 250,000 UNOCAL CORP 915289102 23,161 535,645 US BANCORP DEL 902973304 1,171 37,393 UST INC 902911106 2,841 59,056 VERIZON COMMUNICATIONS 92343V104 58,941 1,454,966 WACHOVIA CORP 2ND NEW 929903102 55,097 1,047,467 WAL MART STORES INC 931142103 1,875 35,500 WALGREEN CO 931422109 516 13,460 WELLPOINT INC 94973V107 70,617 614,057 WELLS FARGO & CO NEW 949746101 69,188 1,113,236 WYETH 983024100 531 12,465 XCEL ENERGY INC 98389B100 902 49,540 527,140 COMPANY TOTAL 2,333,841

Item 8: Voting Authority (Shares) ------------------------- Item 1: Name of Issuer (a) Sole (b) Shared (c) None ------------------------------ -------- ---------- ---------- TARGET CORP 473,967 1,284,065 TEXAS INSTRS INC 230,761 624,030 UNION PAC CORP 207,612 266,870 UNITED TECHNOLOGIES CORP 248,801 486,983 UNITEDHEALTH GROUP INC 0 250,000 UNOCAL CORP 147,445 388,200 US BANCORP DEL 18,275 19,118 UST INC 34,606 24,450 VERIZON COMMUNICATIONS 401,762 1,053,204 WACHOVIA CORP 2ND NEW 235,457 812,010 WAL MART STORES INC 24,300 11,200 WALGREEN CO 3,500 9,960 WELLPOINT INC 239,502 374,555 WELLS FARGO & CO NEW 355,441 757,795 WYETH 2,400 10,065 XCEL ENERGY INC 49,540 0 COMPANY TOTAL

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