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

                           Form 13F

                     Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  June 30, 2007

Check here if Amendment [  ]; Amendment Number:
      This Amendment (Check only one): [  ] is a restatement
                                       [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Intel Corporation
2200 Mission College Boulevard
Santa Clara, CA 95054-1549

Form 13F File Number:  28-04527

Person Signing this Report on Behalf of Reporting Manager:

Douglas Lusk, Assistant Treasurer, (408) 765-1679

--------------------------------------------------------------------------------

   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 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.

Signature, Place and Date of Signing:

/s/ Douglas Lusk                               Santa Clara, California
-----------------------------------------------
                                               August 13, 2007
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
      manager(s).)



                    Form 13F SUMMARY PAGE

             REPORTING MANAGER: INTEL CORPORATION

Report Summary:

Number of Other Included Managers:                     3
Form 13F Information Table Entry Total:                419
Form 13F Information Table Value Total:                $1,150,958,000

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.

1.    Intel Capital (Cayman) Corporation
2.    Intel Capital Corporation
3.    Intel Atlantic, Inc.





                           FORM 13F INFORMATION TABLE
                      REPORTING MANAGER:  INTEL CORPORATION                                                    6/30/07



ITEM 1:                      ITEM 2:  ITEM 3:     ITEM 4:    ITEM 5:            ITEM 6:   ITEM 7:   ITEM 8:
NAME OF ISSUER               TITLE OF CUSIP       FAIR MARKETSHARES OR          INVESTMENTMANAGERS  VOTING AUTHORITY
                             CLASS                VALUE      PRINCIPAL  SH/PRN  DISCRETION          (A) SOLE  (B) SHARED (C) NONE
                                                  (000)
                                                                                               

3M CO                          COM         88579Y101        2,257    26,000    SH    SOLE                  26,000
ABBOTT LABS                    COM         002824100        2,964    55,344    SH    SOLE                  55,344
ACE LTD                        COM         G0070K103          731    11,700    SH    SOLE                  11,700
ADOBE SYS INC                  COM         00724F101          831    20,700    SH    SOLE                  20,700
ADVANCED MICRO DEVICES INC     COM         007903107          287    20,050    SH    SOLE                  20,050
AES CORP                       COM         00130H105          522    23,850    SH    SOLE                  23,850
AETNA INC                      COM         00817Y108          912    18,456    SH    SOLE                  18,456
AFLAC INC                      COM         001055102          882    17,150    SH    SOLE                  17,150
AGILENT TECHNOLOGIES INC       COM         00846U101          568    14,778    SH    SOLE                  14,778
AIR PRODS & CHEMS INC          COM         009158106          619     7,700    SH    SOLE                   7,700
ALCOA INC                      COM         013817101        1,267    31,252    SH    SOLE                  31,252
ALLEGHENY ENERGY INC           COM         017361106          290     5,600    SH    SOLE                   5,600
ALLEGHENY TECHNOLOGIES INC     COM         01741R102          384     3,666    SH    SOLE                   3,666
ALLERGAN INC                   COM         018490102          599    10,400    SH    SOLE                  10,400
ALLSTATE CORP                  COM         020002101        1,364    22,180    SH    SOLE                  22,180
ALLTEL CORP                    COM         020039103          871    12,900    SH    SOLE                  12,900
ALTERA CORP                    COM         021441100          274    12,400    SH    SOLE                  12,400
ALTRIA GROUP INC               COM         02209S103        5,278    75,249    SH    SOLE                  75,249
AMAZON.COM INC                 COM         023135106          759    11,100    SH    SOLE                  11,100
AMBAC FINANCIAL GROUP INC      COM         023139108          314     3,600    SH    SOLE                   3,600
AMEREN CORP                    COM         023608102          343     7,000    SH    SOLE                   7,000
AMERICAN ELEC PWR INC          COM         025537101          639    14,182    SH    SOLE                  14,182
AMERICAN EXPRESS CO            COM         025816109        2,609    42,650    SH    SOLE                  42,650
AMERICAN INTL GROUP INC        COM         026874107        6,530    93,243    SH    SOLE                  93,243
AMERICAN STD COS INC           COM         029712106          360     6,100    SH    SOLE                   6,100
AMERIPRISE FINL INC            COM         03076C106          551     8,670    SH    SOLE                   8,670
AMERISOURCEBERGEN CORP         COM         03073E105          356     7,200    SH    SOLE                   7,200
AMGEN INC                      COM         031162100        2,313    41,835    SH    SOLE                  41,835
ANADARKO PETE CORP             COM         032511107          862    16,586    SH    SOLE                  16,586
ANALOG DEVICES INC             COM         032654105          448    11,900    SH    SOLE                  11,900
ANHEUSER BUSCH COS INC         COM         035229103        1,424    27,300    SH    SOLE                  27,300
AON CORP                       COM         037389103          471    11,056    SH    SOLE                  11,056
APACHE CORP                    COM         037411105          970    11,888    SH    SOLE                  11,888
APOLLO GROUP INC               CL A        037604105          280     4,800    SH    SOLE                   4,800
APPLE INC                      COM         037833100        3,771    30,900    SH    SOLE                  30,900
APPLIED MATLS INC              COM         038222105          994    50,000    SH    SOLE                  50,000
ARCHER DANIELS MIDLAND CO      COM         039483102          777    23,467    SH    SOLE                  23,467
ARCHSTONE SMITH TR             COM         039583109          467     7,900    SH    SOLE                   7,900
AT & T INC                     COM         00206R102        9,292   223,903    SH    SOLE                 223,903
AUTODESK INC                   COM         052769106          372     7,900    SH    SOLE                   7,900
AUTOMATIC DATA PROCESSING INC  COM         053015103          969    20,002    SH    SOLE                  20,002
AUTOZONE INC                   COM         053332102          260     1,900    SH    SOLE                   1,900
AVALONBAY CMNTYS INC           COM         053484101          357     3,000    SH    SOLE                   3,000
AVAYA INC                      COM         053499109          275    16,321    SH    SOLE                  16,321
AVERY DENNISON CORP            COM         053611109          219     3,300    SH    SOLE                   3,300
Avocent Corporation            COM         053893103        9,178   316,369    SH    SOLE                 316,369
Avocent Corporation            COM         053893103            0        12    SH    DEFINED           1                   12
AVON PRODS INC                 COM         054303102          571    15,528    SH    SOLE                  15,528
BAKER HUGHES INC               COM         057224107          989    11,760    SH    SOLE                  11,760
BANK NEW YORK INC              COM         064057102        1,121    27,040    SH    SOLE                  27,040
BANK OF AMERICA CORP           COM         060505104        7,819   159,938    SH    SOLE                 159,938
BARD C R INC                   COM         067383109          297     3,600    SH    SOLE                   3,600
BAXTER INTL INC                COM         071813109        1,315    23,340    SH    SOLE                  23,340
BB&T CORP                      COM         054937107          793    19,500    SH    SOLE                  19,500
BEAR STEARNS COS INC           COM         073902108          570     4,074    SH    SOLE                   4,074
BECTON DICKINSON & CO          COM         075887109          633     8,500    SH    SOLE                   8,500
BED BATH & BEYOND INC          COM         075896100          349     9,700    SH    SOLE                   9,700
BEST BUY INC                   COM         086516101          656    14,050    SH    SOLE                  14,050
BIOGEN IDEC INC                COM         09062X103          635    11,875    SH    SOLE                  11,875
BIOMET INC                     COM         090613100          391     8,550    SH    SOLE                   8,550
BJ SVCS CO                     COM         055482103          299    10,500    SH    SOLE                  10,500
BLACK & DECKER CORP            COM         091797100          238     2,700    SH    SOLE                   2,700
BLOCK H & R INC                COM         093671105          264    11,300    SH    SOLE                  11,300
BMC SOFTWARE INC               COM         055921100          221     7,300    SH    SOLE                   7,300
BOEING CO                      COM         097023105        2,713    28,215    SH    SOLE                  28,215
BOSTON PPTYS INC               COM         101121101          449     4,400    SH    SOLE                   4,400
BOSTON SCIENTIFIC CORP         COM         101137107          653    42,550    SH    SOLE                  42,550
BRISTOL MYERS SQUIBB CO        COM         110122108        2,290    72,546    SH    SOLE                  72,546
BROADCOM CORP                  CL A        111320107          496    16,950    SH    SOLE                  16,950
BROWN FORMAN CORP              CL B        115637209          212     2,900    SH    SOLE                   2,900
BURLINGTON NORTH SANTA FE CORP COM         12189T104        1,095    12,867    SH    SOLE                  12,867
C H ROBINSON WORLDWIDE INC     COM NEW     12541W209          347     6,600    SH    SOLE                   6,600
CA INC                         COM         12673P105          380    14,699    SH    SOLE                  14,699
CAMPBELL SOUP CO               COM         134429109          307     7,900    SH    SOLE                   7,900
CAPITAL ONE FINL CORP          COM         14040H105        1,167    14,879    SH    SOLE                  14,879
CARDINAL HEALTH INC            COM         14149Y108        1,028    14,550    SH    SOLE                  14,550
CARNIVAL CORP                  PAIRED CTF  143658300          775    15,900    SH    SOLE                  15,900
CATERPILLAR INC                COM         149123101        1,807    23,080    SH    SOLE                  23,080
CB RICHARD ELLIS GROUP INC     CL A        12497T101          259     7,100    SH    SOLE                   7,100
CBS CORP NEW                   CL B        124857202          887    26,613    SH    SOLE                  26,613
CELGENE CORP                   COM         151020104          820    14,300    SH    SOLE                  14,300
CENTERPOINT ENERGY INC         COM         15189T107          199    11,423    SH    SOLE                  11,423
CHESAPEAKE ENERGY CORP         COM         165167107          509    14,700    SH    SOLE                  14,700
CHEVRON CORPORATION            COM         166764100        6,505    77,216    SH    SOLE                  77,216
CHICAGO MERCANTILE EXCH HLDGS  CL A        167760107          695     1,300    SH    SOLE                   1,300
CHUBB CORP                     COM         171232101          790    14,600    SH    SOLE                  14,600
CIGNA CORP                     COM         125509109          548    10,500    SH    SOLE                  10,500
CINCINNATI FINL CORP           COM         172062101          260     5,982    SH    SOLE                   5,982
CISCO SYS INC                  COM         17275R102        6,027   216,418    SH    SOLE                 216,418
CIT GROUP INC                  COM         125581108          378     6,900    SH    SOLE                   6,900
CITIGROUP INC                  COM         172967101        9,006   175,593    SH    SOLE                 175,593
CITIZENS COMMUNICATIONS CO     CL B        17453B101          185    12,100    SH    SOLE                  12,100
CITRIX SYS INC                 COM         177376100          205     6,100    SH    SOLE                   6,100
CLEAR CHANNEL COMMUNICATIONS   COM         184502102          673    17,800    SH    SOLE                  17,800
CLEARWIRE CORP                 CL A        185385309       81,433 3,333,333    SH    DEFINED           1            3,333,333
CLEARWIRE CORP                 CL A        185385309      572,336 23,427,601   SH    DEFINED           2           23,427,601
CLOROX CO                      COM         189054109          323     5,200    SH    SOLE                   5,200
COACH INC                      COM         189754104          626    13,200    SH    SOLE                  13,200
COCA COLA CO                   COM         191216100        3,777    72,208    SH    SOLE                  72,208
COCA COLA ENTERPRISES INC      COM         191219104          250    10,400    SH    SOLE                  10,400
COGNIZANT TECH SOLUTIONS       CL A        192446102          405     5,400    SH    SOLE                   5,400
COLGATE PALMOLIVE CO           COM         194162103        1,193    18,400    SH    SOLE                  18,400
COMCAST CORP NEW               CL A        20030N101        3,133   111,398    SH    SOLE                 111,398
COMERICA INC                   COM         200340107          333     5,600    SH    SOLE                   5,600
COMMERCE BANCORP INC N J       COM         200519106          263     7,100    SH    SOLE                   7,100
COMPASS BANCSHARES INC         COM         20449H109          297     4,300    SH    SOLE                   4,300
COMPUTER SCIENCES CORP         COM         205363104          379     6,400    SH    SOLE                   6,400
COMPUWARE CORP                 COM         205638109          138    11,600    SH    SOLE                  11,600
CONAGRA FOODS INC              COM         205887102          481    17,900    SH    SOLE                  17,900
CONOCOPHILLIPS                 COM         20825C104        4,625    58,919    SH    SOLE                  58,919
CONSOL ENERGY INC              COM         20854P109          318     6,900    SH    SOLE                   6,900
CONSOLIDATED EDISON INC        COM         209115104          415     9,200    SH    SOLE                   9,200
CONSTELLATION ENGY GRP INC     COM         210371100          532     6,100    SH    SOLE                   6,100
COOPER INDUSTRIES LTD          CL A        G24182100          365     6,400    SH    SOLE                   6,400
CORNING INC                    COM         219350105        1,440    56,350    SH    SOLE                  56,350
COSTCO WHSL CORP NEW           COM         22160K105          954    16,300    SH    SOLE                  16,300
COUNTRYWIDE FINANCIAL CORP     COM         222372104          756    20,798    SH    SOLE                  20,798
COVENTRY HEALTH CARE INC       COM         222862104          317     5,500    SH    SOLE                   5,500
CSX CORP                       COM         126408103          685    15,200    SH    SOLE                  15,200
CUMMINS INC                    COM         231021106          324     3,200    SH    SOLE                   3,200
CVS CAREMARK CORP              COM         126650100        2,013    55,218    SH    SOLE                  55,218
DANAHER CORP                   COM         235851102          619     8,200    SH    SOLE                   8,200
DARDEN RESTAURANTS INC         COM         237194105          229     5,200    SH    SOLE                   5,200
DEERE & CO                     COM         244199105          990     8,200    SH    SOLE                   8,200
DELL INC                       COM         24702R101        2,314    81,050    SH    SOLE                  81,050
DEVELOPERS DIVERSIFIED RLTY    COM         251591103          253     4,800    SH    SOLE                   4,800
DEVON ENERGY CORP NEW          COM         25179M103        1,245    15,900    SH    SOLE                  15,900
DIRECTTV GROUP INC             COM         25459L106          677    29,300    SH    SOLE                  29,300
DISNEY WALT CO                 COM         254687106        2,517    73,712    SH    SOLE                  73,712
DOLLAR GEN CORP                COM         256669102          239    10,918    SH    SOLE                  10,918
DOMINION RES INC VA NEW        COM         25746U109        1,077    12,484    SH    SOLE                  12,484
DONNELLEY R R & SONS CO        COM         257867101          322     7,400    SH    SOLE                   7,400
DOVER CORP                     COM         260003108          358     7,000    SH    SOLE                   7,000
DOW CHEM CO                    COM         260543103        1,521    34,393    SH    SOLE                  34,393
DTE ENERGY CO                  COM         233331107          294     6,100    SH    SOLE                   6,100
DU PONT E I DE NEMOURS & CO    COM         263534109        1,685    33,150    SH    SOLE                  33,150
DUKE ENERGY CORP NEW           COM         26441C105          825    45,062    SH    SOLE                  45,062
DYNEGY INC DEL                 CL A        26817G102          130    13,730    SH    SOLE                  13,730
E TRADE FINANCIAL CORP         COM         269246104          340    15,400    SH    SOLE                  15,400
EASTMAN KODAK CO               COM         277461109          274     9,850    SH    SOLE                   9,850
EATON CORP                     COM         278058102          474     5,100    SH    SOLE                   5,100
EBAY INC                       COM         278642103        1,310    40,700    SH    SOLE                  40,700
ECOLAB INC                     COM         278865100          269     6,300    SH    SOLE                   6,300
EDISON INTL                    COM         281020107          657    11,700    SH    SOLE                  11,700
EL PASO CORP                   COM         28336L109          433    25,114    SH    SOLE                  25,114
ELECTRONIC ARTS                COM         285512109          525    11,100    SH    SOLE                  11,100
ELECTRONIC DATA SYS CORP NEW   COM         285661104          510    18,400    SH    SOLE                  18,400
EMBARQ CORP                    COM         29078E105          324     5,109    SH    SOLE                   5,109
EMC CORP MASS                  COM         268648102        1,365    75,404    SH    SOLE                  75,404
EMCORE CORP                    COM         290846104          161    29,611    SH    DEFINED           1               29,611
EMERSON ELEC CO                COM         291011104        1,324    28,300    SH    SOLE                  28,300
ENSCO INTL INC                 COM         26874Q100          348     5,700    SH    SOLE                   5,700
ENTERGY CORP NEW               COM         29364G103          773     7,200    SH    SOLE                   7,200
EOG RES INC                    COM         26875P101          614     8,400    SH    SOLE                   8,400
EQUITY RESIDENTIAL             SH BEN INT  29476L107          481    10,550    SH    SOLE                  10,550
EXELON CORP                    COM         30161N101        1,750    24,100    SH    SOLE                  24,100
EXPRESS SCRIPTS INC            COM         302182100          500    10,000    SH    SOLE                  10,000
EXXON MOBIL CORP               COM         30231G102       17,088   203,725    SH    SOLE                 203,725
FANNIE MAE                     COM         313586109        2,270    34,750    SH    SOLE                  34,750
FEDEX CORP                     COM         31428X106        1,221    11,000    SH    SOLE                  11,000
FIDELITY NATL INFORMATION SVCS COM         31620M106          331     6,100    SH    SOLE                   6,100
FIFTH THIRD BANCORP            COM         316773100          791    19,892    SH    SOLE                  19,892
FIRST DATA CORP                COM         319963104          880    26,929    SH    SOLE                  26,929
FIRSTENERGY CORP               COM         337932107          738    11,400    SH    SOLE                  11,400
FISERV INC                     COM         337738108          364     6,400    SH    SOLE                   6,400
FLUOR CORP NEW                 COM         343412102          334     3,000    SH    SOLE                   3,000
FORD MTR CO DEL                COM PAR$0.01345370860          640    67,915    SH    SOLE                  67,915
FOREST LABS INC                CL A        345838106          511    11,200    SH    SOLE                  11,200
FORTUNE BRANDS INC             COM         349631101          419     5,086    SH    SOLE                   5,086
FPL GROUP INC                  COM         302571104          823    14,500    SH    SOLE                  14,500
FRANKLIN RES INC               COM         354613101          795     6,000    SH    SOLE                   6,000
FREDDIE MAC CORP               COM         313400301        1,510    24,882    SH    SOLE                  24,882
FREEPORT MCMORAN COPPER & GOLD COM         35671D857          997    12,041    SH    SOLE                  12,041
GANNETT INC                    COM         364730101          451     8,200    SH    SOLE                   8,200
GAP INC                        COM         364760108          360    18,825    SH    SOLE                  18,825
GENERAL DYNAMICS CORP          COM         369550108        1,134    14,500    SH    SOLE                  14,500
GENERAL ELEC CO                COM         369604103       14,102   368,384    SH    SOLE                 368,384
GENERAL MLS INC                COM         370334104          719    12,300    SH    SOLE                  12,300
GENERAL MTRS CORP              COM         370442105          766    20,274    SH    SOLE                  20,274
GENUINE PARTS CO               COM         372460105          295     5,950    SH    SOLE                   5,950
GENWORTH FINL INC              COM         37247D106          550    16,000    SH    SOLE                  16,000
GENZYME CORP                   COM         372917104          605     9,400    SH    SOLE                   9,400
GILEAD SCIENCES INC            COM         375558103        1,288    33,200    SH    SOLE                  33,200
GOLDMAN SACHS GROUP INC        COM         38141G104        3,251    15,000    SH    SOLE                  15,000
GOODRICH CORP                  COM         382388106          250     4,200    SH    SOLE                   4,200
GOODYEAR TIRE & RUBR CO        COM         382550101          212     6,100    SH    SOLE                   6,100
GOOGLE INC                     CL A        38259P508        4,077     7,800    SH    SOLE                   7,800
GRAINGER W W INC               COM         384802104          242     2,600    SH    SOLE                   2,600
HALLIBURTON CO                 COM         406216101        1,228    35,600    SH    SOLE                  35,600
HARLEY DAVIDSON INC            COM         412822108          560     9,400    SH    SOLE                   9,400
HARMAN INTL INDS INC NEW       COM         413086109          269     2,300    SH    SOLE                   2,300
HARRAHS ENTMT INC              COM         413619107          537     6,300    SH    SOLE                   6,300
HARTFORD FINL SVCS GROUP INC   COM         416515104        1,143    11,600    SH    SOLE                  11,600
HEINZ H J CO                   COM         423074103          546    11,500    SH    SOLE                  11,500
HERSHEY COMPANY                COM         427866108          314     6,200    SH    SOLE                   6,200
HESS CORP                      COM         42809H107          578     9,800    SH    SOLE                   9,800
HEWLETT PACKARD CO             COM         428236103        4,271    95,716    SH    SOLE                  95,716
HILTON HOTELS CORP             COM         432848109          472    14,100    SH    SOLE                  14,100
HOME DEPOT INC                 COM         437076102        2,878    73,150    SH    SOLE                  73,150
HONEYWELL INTL INC             COM         438516106        1,607    28,557    SH    SOLE                  28,557
HOSPIRA INC                    COM         441060100          217     5,554    SH    SOLE                   5,554
HOST HOTELS & RESORTS INC      COM         44107P104          455    19,700    SH    SOLE                  19,700
HUDSON CITY BANCORP INC        COM         443683107          229    18,700    SH    SOLE                  18,700
HUMANA INC                     COM         444859102          341     5,600    SH    SOLE                   5,600
IAC/INTERACTIVECORP            COM         44919P300          287     8,300    SH    SOLE                   8,300
IBM CORP                       COM         459200101        5,675    53,918    SH    SOLE                  53,918
ILLINOIS TOOL WKS INC          COM         452308109          802    14,800    SH    SOLE                  14,800
IMS HEALTH INC                 COM         449934108          222     6,900    SH    SOLE                   6,900
INGERSOLL-RAND COMPANY LTD     COM         G4776G101          619    11,300    SH    SOLE                  11,300
INTERNATIONAL GAME TECHNOLOGY  COM         459902102          480    12,100    SH    SOLE                  12,100
INTERNATIONAL PAPER CO         COM         460146103          633    16,216    SH    SOLE                  16,216
INTERPUBLIC GROUP COS INC      COM         460690100          192    16,844    SH    SOLE                  16,844
INTUIT                         COM         461202103          367    12,200    SH    SOLE                  12,200
ITT CORP                       COM         450911102          437     6,400    SH    SOLE                   6,400
JC PENNEY CO INC               COM         708160106          581     8,028    SH    SOLE                   8,028
JOHNSON & JOHNSON              COM         478160104        6,388   103,666    SH    SOLE                 103,666
JOHNSON CTLS INC               COM         478366107          776     6,700    SH    SOLE                   6,700
JPMORGAN CHASE & CO            COM         46625H100        6,029   124,444    SH    SOLE                 124,444
JUNIPER NETWORKS INC           COM         48203R104          544    21,600    SH    SOLE                  21,600
KELLOGG CO                     COM         487836108          450     8,680    SH    SOLE                   8,680
KEYCORP NEW                    COM         493267108          480    13,984    SH    SOLE                  13,984
KEYSPAN CORP                   COM         49337W100          252     6,000    SH    SOLE                   6,000
KIMBERLY CLARK CORP            COM         494368103        1,064    15,900    SH    SOLE                  15,900
KIMCO RLTY CORP                COM         49446R109          308     8,100    SH    SOLE                   8,100
KLA TENCOR CORP                COM         482480100          379     6,900    SH    SOLE                   6,900
KOHLS CORP                     COM         500255104          845    11,900    SH    SOLE                  11,900
KRAFT FOODS INC                CL A        50075N104        1,836    52,074    SH    SOLE                  52,074
KROGER CO                      COM         501044101          702    24,950    SH    SOLE                  24,950
L-3 COMMUNICATIONS HLDGS INC   COM         502424104          409     4,200    SH    SOLE                   4,200
LABORATORY CORP AMER HLDGS     COM NEW     50540R409          337     4,300    SH    SOLE                   4,300
LEGG MASON INC                 COM         524901105          423     4,300    SH    SOLE                   4,300
LEHMAN BROS HLDGS INC          COM         524908100        1,386    18,600    SH    SOLE                  18,600
LILLY ELI & CO                 COM         532457108        1,970    35,250    SH    SOLE                  35,250
LIMITED BRANDS INC             COM         532716107          330    12,006    SH    SOLE                  12,006
LINCOLN NATL CORP IND          COM         534187109          695     9,800    SH    SOLE                   9,800
LINEAR TECHNOLOGY CORP         COM         535678106          380    10,500    SH    SOLE                  10,500
LOCKHEED MARTIN CORP           COM         539830109        1,162    12,344    SH    SOLE                  12,344
LOEWS CORP                     COM         540424108          826    16,200    SH    SOLE                  16,200
LOWES COS INC                  COM         548661107        1,673    54,500    SH    SOLE                  54,500
LSI CORP                       COM         502161102          110    14,600    SH    SOLE                  14,600
M & T BK CORP                  COM         55261F104          289     2,700    SH    SOLE                   2,700
MACYS INC                      COM         55616P104          745    18,738    SH    SOLE                  18,738
MARATHON OIL CORP              COM         565849106        1,520    25,344    SH    SOLE                  25,344
MARRIOTT INTL INC NEW          CL A        571903202          510    11,800    SH    SOLE                  11,800
MARSH & MCLENNAN COS INC       COM         571748102          613    19,858    SH    SOLE                  19,858
MARSHALL & ILSLEY CORP         COM         571834100          438     9,200    SH    SOLE                   9,200
MASCO CORP                     COM         574599106          407    14,300    SH    SOLE                  14,300
MATTEL INC                     COM         577081102          356    14,075    SH    SOLE                  14,075
MAXIM INTEGRATED PRODS INC     COM         57772K101          384    11,500    SH    SOLE                  11,500
MBIA INC                       COM         55262C100          286     4,600    SH    SOLE                   4,600
MCDONALDS CORP                 COM         580135101        2,198    43,304    SH    SOLE                  43,304
MCGRAW HILL COS INC            COM         580645109          858    12,600    SH    SOLE                  12,600
MCKESSON CORP                  COM         58155Q103          627    10,513    SH    SOLE                  10,513
MEADWESTVACO CORP              COM         583334107          219     6,207    SH    SOLE                   6,207
MEDCO HEALTH SOLUTIONS INC     COM         58405U102          813    10,430    SH    SOLE                  10,430
MEDIMMUNE INC                  COM         584699102          510     8,800    SH    SOLE                   8,800
MEDTRONIC INC                  COM         585055106        2,155    41,562    SH    SOLE                  41,562
MELLANOX TECHNOLOGIES LTD      SHS         M51363113       24,546 1,184,631    SH    DEFINED           3            1,184,631
MELLON FINL CORP               COM         58551A108          653    14,850    SH    SOLE                  14,850
MERCK & CO INC                 COM         589331107        3,865    77,616    SH    SOLE                  77,616
MERRILL LYNCH & CO INC         COM         590188108        2,643    31,618    SH    SOLE                  31,618
METLIFE INC                    COM         59156R108        1,735    26,900    SH    SOLE                  26,900
MICRON TECHNOLOGY INC          COM         595112103          341    27,200    SH    SOLE                  27,200
MICROSOFT CORP                 COM         594918104        9,090   308,450    SH    SOLE                 308,450
MONSANTO CO NEW                COM         61166W101        1,321    19,566    SH    SOLE                  19,566
MOODYS CORP                    COM         615369105          522     8,400    SH    SOLE                   8,400
MORGAN STANLEY                 COM         617446448        3,201    38,156    SH    SOLE                  38,156
MOTOROLA INC                   COM         620076109        1,513    85,498    SH    SOLE                  85,498
MURPHY OIL CORP                COM         626717102          404     6,800    SH    SOLE                   6,800
NABORS INDUSTRIES LTD          SHS         G6359F103          334    10,000    SH    SOLE                  10,000
NATIONAL CITY CORP             COM         635405103          710    21,300    SH    SOLE                  21,300
NATIONAL OILWELL VARCO INC     COM         637071101          625     6,000    SH    SOLE                   6,000
NATIONAL SEMICONDUCTOR CORP    COM         637640103          286    10,100    SH    SOLE                  10,100
NCR CORP NEW                   COM         62886E108          331     6,300    SH    SOLE                   6,300
NETWORK APPLIANCE INC          COM         64120L104          377    12,900    SH    SOLE                  12,900
NEWELL RUBBERMAID INC          COM         651229106          292     9,924    SH    SOLE                   9,924
NEWMONT MINING CORP            COM         651639106          631    16,162    SH    SOLE                  16,162
NEWS CORPORATION               CL A        65248E104        1,782    84,000    SH    SOLE                  84,000
NIKE INC                       CL B        654106103          758    13,000    SH    SOLE                  13,000
NOBLE CORP                     COM         G65422100          458     4,700    SH    SOLE                   4,700
NORDSTROM INC                  COM         655664100          419     8,200    SH    SOLE                   8,200
NORFOLK SOUTHN CORP            COM         655844108          744    14,150    SH    SOLE                  14,150
NORTHERN TR CORP               COM         665859104          411     6,400    SH    SOLE                   6,400
NORTHROP GRUMMAN CORP          COM         666807102          978    12,558    SH    SOLE                  12,558
NOVELL INC                     COM         670006105           94    12,094    SH    SOLE                  12,094
NUCOR CORP                     COM         670346105          633    10,800    SH    SOLE                  10,800
NVIDIA CORP                    COM         67066G104          529    12,800    SH    SOLE                  12,800
OCCIDENTAL PETE CORP           COM         674599105        1,713    29,600    SH    SOLE                  29,600
OFFICE DEPOT INC               COM         676220106          309    10,200    SH    SOLE                  10,200
OMNICOM GROUP INC              COM         681919106          656    12,400    SH    SOLE                  12,400
ORACLE CORPORATION             COM         68389X105        2,829   143,534    SH    SOLE                 143,534
PACCAR INC                     COM         693718108          767     8,812    SH    SOLE                   8,812
PARKER HANNIFIN CORP           COM         701094104          406     4,150    SH    SOLE                   4,150
PAYCHEX INC                    COM         704326107          476    12,175    SH    SOLE                  12,175
PEABODY ENERGY CORP            COM         704549104          489    10,100    SH    SOLE                  10,100
PEPSICO INC                    COM         713448108        3,807    58,700    SH    SOLE                  58,700
PFIZER INC                     COM         717081103        6,484   253,564    SH    SOLE                 253,564
PG&E CORP                      COM         69331C108          571    12,596    SH    SOLE                  12,596
PITNEY BOWES INC               COM         724479100          365     7,800    SH    SOLE                   7,800
PLUM CREEK TIMBER CO INC       COM         729251108          265     6,350    SH    SOLE                   6,350
PMC SIERRA INC                 COM         69344F106        1,128   145,975    SH    DEFINED           3              145,975
PMC SIERRA INC                 COM         69344F106           60     7,700    SH    SOLE                   7,700
PNC FINANCIAL SERVICES GROUP   COM         693475105          895    12,500    SH    SOLE                  12,500
POLO RALPH LAUREN CORP         CL A        731572103          226     2,300    SH    SOLE                   2,300
PPG INDS INC                   COM         693506107          432     5,670    SH    SOLE                   5,670
PPL CORP                       COM         69351T106          646    13,800    SH    SOLE                  13,800
PRAXAIR INC                    COM         74005P104          804    11,162    SH    SOLE                  11,162
PRICE T ROWE GROUP INC         COM         74144T108          493     9,500    SH    SOLE                   9,500
PRINCIPAL FINANCIAL GROUP INC  COM         74251V102          560     9,600    SH    SOLE                   9,600
PROCTER & GAMBLE CO            COM         742718109        6,927   113,206    SH    SOLE                 113,206
PROGRESS ENERGY INC            COM         743263105          419     9,200    SH    SOLE                   9,200
PROGRESSIVE CORP OHIO          COM         743315103          637    26,600    SH    SOLE                  26,600
PROLOGIS INT                   COM         743410102          523     9,200    SH    SOLE                   9,200
PRUDENTIAL FINL INC            COM         744320102        1,655    17,025    SH    SOLE                  17,025
PUBLIC STORAGE                 COM         74460D109          346     4,500    SH    SOLE                   4,500
PUBLIC SVC ENTERPRISE GROUP    COM         744573106          754     8,594    SH    SOLE                   8,594
QUALCOMM INC                   COM         747525103        2,577    59,400    SH    SOLE                  59,400
QUEST DIAGNOSTICS INC          COM         74834L100          289     5,600    SH    SOLE                   5,600
QUESTAR CORP                   COM         748356102          349     6,600    SH    SOLE                   6,600
QWEST COMMUNICATIONS INTL INC  COM         749121109          546    56,298    SH    SOLE                  56,298
RAYTHEON CO                    COM NEW     755111507          862    16,000    SH    SOLE                  16,000
REGIONS FINL CORP              NEW COM     7591EP100          868    26,237    SH    SOLE                  26,237
REYNOLDS AMERN INC             COM         761713106          378     5,800    SH    SOLE                   5,800
ROBERT HALF INTL INC           COM         770323103          215     5,900    SH    SOLE                   5,900
ROCKWELL AUTOMATION INC        COM         773903109          424     6,100    SH    SOLE                   6,100
ROCKWELL COLLINS INC           COM         774341101          417     5,900    SH    SOLE                   5,900
ROHM & HAAS CO                 COM         775371107          273     4,992    SH    SOLE                   4,992
SAFECO CORP                    COM         786429100          261     4,200    SH    SOLE                   4,200
SAFEWAY INC                    COM NEW     786514208          527    15,500    SH    SOLE                  15,500
SANDISK CORP                   COM         80004C101          401     8,200    SH    SOLE                   8,200
SANMINA-SCI CORP               COM         800907107           59    18,950    SH    SOLE                  18,950
SARA LEE CORP                  COM         803111103          455    26,150    SH    SOLE                  26,150
SCHERING PLOUGH CORP           COM         806605101        1,624    53,350    SH    SOLE                  53,350
SCHLUMBERGER LTD               COM         806857108        3,593    42,300    SH    SOLE                  42,300
SCHWAB CHARLES CORP NEW        COM         808513105          755    36,800    SH    SOLE                  36,800
SEARS HLDGS CORP               COM         812350106          580     3,419    SH    SOLE                   3,419
SEMPRA ENERGY                  COM         816851109          554     9,360    SH    SOLE                   9,360
SHERWIN WILLIAMS CO            COM         824348106          253     3,800    SH    SOLE                   3,800
SIMON PPTY GROUP INC NEW       COM         828806109          744     8,000    SH    SOLE                   8,000
SLM CORP                       COM         78442P106          829    14,400    SH    SOLE                  14,400
SMITH INTL INC                 COM         832110100          440     7,500    SH    SOLE                   7,500
SOLECTRON CORP                 COM         834182107          119    32,300    SH    SOLE                  32,300
SOUTHERN CO                    COM         842587107          921    26,850    SH    SOLE                  26,850
SOUTHWEST AIRLS CO             COM         844741108          423    28,375    SH    SOLE                  28,375
SOVEREIGN BANCORP INC          COM         845905108          273    12,915    SH    SOLE                  12,915
SPECTRA ENERGY CORP            COM         847560109          585    22,531    SH    SOLE                  22,531
SPRINT NEXTEL CORP             COM FON     852061100        2,154   103,984    SH    SOLE                 103,984
ST JUDE MED INC                COM         790849103          524    12,624    SH    SOLE                  12,624
STAPLES INC                    COM         855030102          609    25,675    SH    SOLE                  25,675
STARBUCKS CORP                 COM         855244109          706    26,900    SH    SOLE                  26,900
STARWOOD HOTELS & RESORTS      COM         85590A401          496     7,400    SH    SOLE                   7,400
STATE STREET CORP              COM         857477103          787    11,500    SH    SOLE                  11,500
STRYKER CORP                   COM         863667101          675    10,700    SH    SOLE                  10,700
SUN MICROSYSTEMS INC           COM         866810104          681   129,414    SH    SOLE                 129,414
SUNOCO INC                     COM         86764P109          367     4,600    SH    SOLE                   4,600
SUNTRUST BKS INC               COM         867914103        1,097    12,800    SH    SOLE                  12,800
SUPERVALU INC                  COM         868536103          325     7,011    SH    SOLE                   7,011
SYMANTEC CORP                  COM         871503108          668    33,081    SH    SOLE                  33,081
SYNOVUS FINL CORP              COM         87161C105          361    11,750    SH    SOLE                  11,750
SYSCO CORP                     COM         871829107          729    22,100    SH    SOLE                  22,100
TARGET CORP                    COM         87612E106        1,956    30,750    SH    SOLE                  30,750
TELLABS INC                    COM         879664100          167    15,500    SH    SOLE                  15,500
TEMPLE INLAND INC              COM         879868107          234     3,800    SH    SOLE                   3,800
TENET HEALTHCARE CORP          COM         88033G100          110    16,874    SH    SOLE                  16,874
TEREX CORP NEW                 COM         880779103          317     3,900    SH    SOLE                   3,900
TEXAS INSTRS INC               COM         882508104        1,942    51,600    SH    SOLE                  51,600
TEXTRON INC                    COM         883203101          507     4,600    SH    SOLE                   4,600
THERMO FISHER SCIENTIFIC       COM         883556102          781    15,100    SH    SOLE                  15,100
TIFFANY & CO NEW               COM         886547108          260     4,900    SH    SOLE                   4,900
TIME WARNER INC                COM         887317105        2,872   136,495    SH    SOLE                 136,495
TJX COS INC NEW                COM         872540109          437    15,900    SH    SOLE                  15,900
TORCHMARK CORP                 COM         891027104  ,               3,600    SH    SOLE                   3,600
TRANSOCEAN INC                 COM         G90078109        1,113    10,504    SH    SOLE                  10,504
TRAVELERS COS INC              COM         89417E109        1,281    23,940    SH    SOLE                  23,940
TXU CORP                       COM         873168108        1,104    16,404    SH    SOLE                  16,404
TYCO INTL LTD NEW              COM         902124106        2,395    70,880    SH    SOLE                  70,880
TYSON FOODS INC                CL A        902494103          200     8,700    SH    SOLE                   8,700
UNION PAC CORP                 COM         907818108        1,117     9,700    SH    SOLE                   9,700
UNISYS CORP                    COM         909214108          113    12,400    SH    SOLE                  12,400
UNITED PARCEL SVC INC          CL B        911312106        2,785    38,150    SH    SOLE                  38,150
UNITED STATES STEEL CORP NEW   COM         912909108          457     4,200    SH    SOLE                   4,200
UNITED TECHNOLOGIES CORP       COM         913017109        2,525    35,600    SH    SOLE                  35,600
UNITEDHEALTH GROUP INC         COM         91324P102        2,480    48,504    SH    SOLE                  48,504
UNUM GROUP                     COM         91529Y106          323    12,385    SH    SOLE                  12,385
US BANCORP DEL                 COM NEW     902973304        2,091    63,447    SH    SOLE                  63,447
UST INC                        COM         902911106          305     5,674    SH    SOLE                   5,674
V F CORP                       COM         918204108          275     3,000    SH    SOLE                   3,000
VALERO ENERGY CORP NEW         COM         91913Y100        1,581    21,400    SH    SOLE                  21,400
VARIAN MED SYS INC             COM         92220P105          208     4,900    SH    SOLE                   4,900
VERISIGN INC                   COM         92343E102          267     8,400    SH    SOLE                   8,400
VERIZON COMMUNICATIONS         COM         92343V104        4,294   104,298    SH    SOLE                 104,298
VIACOM INC NEW                 CL B        92553P201        1,029    24,713    SH    SOLE                  24,713
VORNADO RLTY TR                COM         929042109          516     4,700    SH    SOLE                   4,700
VULCAN MATLS CO                COM         929160109          401     3,500    SH    SOLE                   3,500
WACHOVIA CORP NEW              COM         929903102        3,504    68,362    SH    SOLE                  68,362
WAL MART STORES INC            COM         931142103        4,236    88,052    SH    SOLE                  88,052
WALGREEN CO                    COM         931422109        1,565    35,950    SH    SOLE                  35,950
WASHINGTON MUTUAL INC          COM         939322103        1,356    31,797    SH    SOLE                  31,797
WASTE MGMT INC DEL             COM         94106L109          744    19,063    SH    SOLE                  19,063
WATERS CORP                    COM         941848103          214     3,600    SH    SOLE                   3,600
WEATHERFORD INTERNATIONAL LTD  COM         G95089101          663    12,000    SH    SOLE                  12,000
WELLPOINT INC                  COM         94973V107        1,748    21,900    SH    SOLE                  21,900
WELLS FARGO & CO NEW           COM         949746101        4,261   121,148    SH    SOLE                 121,148
WESTERN UN CO                  COM         959802109          578    27,729    SH    SOLE                  27,729
WEYERHAEUSER CO                COM         962166104          593     7,517    SH    SOLE                   7,517
WHIRLPOOL CORP                 COM         963320106          299     2,687    SH    SOLE                   2,687
WILLIAMS COS INC               COM         969457100          680    21,500    SH    SOLE                  21,500
WINDSTREAM CORP                COM         97381W104          255    17,254    SH    SOLE                  17,254
WRIGLEY WM JR CO               COM         982526105          420     7,600    SH    SOLE                   7,600
WYETH                          COM         983024100        2,765    48,226    SH    SOLE                  48,226
WYNDHAM WORLDWIDE CORP         COM         98310W108          251     6,936    SH    SOLE                   6,936
XCEL ENERGY INC                COM         98389B100          300    14,635    SH    SOLE                  14,635
XEROX CORP                     COM         984121103          628    34,000    SH    SOLE                  34,000
XILINX INC                     COM         983919101          319    11,900    SH    SOLE                  11,900
XL CAP LTD                     CL A        G98255105          548     6,500    SH    SOLE                   6,500
XTO ENERGY INC                 COM         98385X106          791    13,166    SH    SOLE                  13,166
YAHOO INC                      COM         984332106        1,177    43,400    SH    SOLE                  43,400
YUM BRANDS INC                 COM         988498101          621    18,968    SH    SOLE                  18,968
ZIMMER HLDGS INC               COM         98956P102          721     8,489    SH    SOLE                   8,489
ZIONS BANCORPORATION           COM         989701107          277     3,600    SH    SOLE                   3,600