N-PX 1 pro_066.htm UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number 811-09088
-------------------------------------

TEXAS CAPITAL VALUE FUNDS, INC.
-----------------------------------------------------------------------
(Exact name of registrant as specified in charter)

6300 Bridgepoint Parkway, Building II, Suite 105 Austin, TX 78759
-----------------------------------------------------------------------
(Address of principal executive offices) (Zip code)

Mark A. Coffelt, President
First Austin Capital Management, Inc.
6300 Bridgepoint Parkway, Building II, Suite 105 Austin, TX 78759
-----------------------------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: (512)328-9321
--------------------

Date of fiscal year end: 09/30
------------------

Date of reporting period: 7/1/05 - 06/30/06
-----------------
Item 1. Proxy Voting Record.

<S>	<C>	<C>	<C>	<C>	<C>	<C>	<C>	<C>
NAME OF ISSUER	TICKER SYMBOL	CUSIP	MEETING DATE	MATTER VOTED ON	PROPOSED BY	VOTED?	VOTE CAST	FOR/AGAINST MANAGEMENT

Scotts Miracle-gro	smg	810186106	1/26/2006	Directors	Issuer	Y	A	A
Scotts Miracle-gro	smg	810186106	1/26/2006	approval amend	Issuer	Y	A	A
Scotts Miracle-gro	smg	810186106	1/26/2006	approval long term plan	Issuer	Y	A	A
Scotts Miracle-gro	smg	810186106	1/26/2006	approval exe manag. Incen. Plan	Issuer	Y	A	A
Scotts Miracle-gro	smg	810186106	1/26/2006	declassify board	Shareholder	Y	A	F

CAE Inc.	cgt	124765108	6/20/2006	Directors	Issuer	Y	F	F
CAE Inc.	cgt	124765108	6/20/2006	Auditors	Issuer	Y	F	F
CAE Inc.	cgt	124765108	6/20/2006	Shareholder Protection	Issuer	Y	F	F

Orbotech LTD	orbkf	m75253100	6/25/2006	Directors	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	class II director shlomo barak	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	class II director uzia galil	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	class II director shimon ullman	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	external director aaron ferber	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	external director rafi yizhar	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	appoint kesselman & kesselman	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	approval of continuning terms	Issuer	Y	F	F
Orbotech LTD	orbkf	m75253100	6/25/2006	Increase the share capitol	Issuer	Y	A	A

National Grid Plc	ngg	6366274300	6/12/2006	Directors	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	annual reports	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	final dividend	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	reelect sir hohn parker	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect steve lucas	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect nick winser	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect ken harvey	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect stephen pettit	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect george rose	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	re-elect steve holliday	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	reappt pricewater house coopers	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	directors remun report	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	directors issue ordin shares	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	disapply pre-emption rights	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	purchase of ordinary shares	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	purchase of company's B shares	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	repurch of shares contract	Issuer	Y	F	F
National Grid Plc	ngg	6366274300	6/12/2006	articles of assoc. amendment	Issuer	Y	F	F

MS India Investment Fund Inc	iif	61745c105	6/20/2006	Joseph J Kearns	Issuer	Y	F	F
MS India Investment Fund Inc	iif	61745c105	6/20/2006	M J Marcel Vivian Descrozillies	Issuer	Y	F	F

Armor Holdings Inc.	ah	042260109	6/20/2006	directors	Issuer	Y	F	F
Armor Holdings Inc.	ah	042260109	6/20/2006	pricewaterhousecooper fiscal audit	Issuer	Y	F	F

Avocent Corp.	avct	053893103	6/15/2006	Directors	Issuer	Y	F	F
Avocent Corp.	avct	053893103	6/15/2006	pricewaterhousecooper indep.audi	Issuer	Y	F	F
Avocent Corp.	avct	053893103	6/15/2006	equity incentive plan reserve share	Issuer	Y	A	A

ceradyne inc	crdn	156710105	6/6/2006	Directors	Issuer	Y	F	F
ceradyne inc	crdn	156710105	6/6/2006	cert of incorp	Issuer	Y	F	F

Sun Hydraulics corp	snhy	866942105	6/13/2006	Directors	Issuer	Y	F	F

Tenaris SA	ts	88031m109	6/7/2006	Directors	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	Audits report consolid finan stmt	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	unconsolid annual acct	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	approval dividend pymt	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	release members of broad/direct	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	election of broad members/directo	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	chief executive officer Mr. Rocca	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	appoint attorneys-in-fact	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	distribution shareholder communic	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	board of direct. Compensation	Issuer	Y	A	A
Tenaris SA	ts	88031m109	6/7/2006	appoint of independent auditors	Issuer	Y	F	F
Tenaris SA	ts	88031m109	6/7/2006	article 11 of article of assoc.	Issuer	Y	F	F

Epiq Systems Inc.	epiq	26882d109	6/7/2006	Directors	Issuer	Y	F	F
Epiq Systems Inc.	epiq	26882d109	6/7/2006	amend.incentive plan of 2004	Issuer	Y	A	A
Epiq Systems Inc.	epiq	26882d109	6/7/2006	increase # of shares for insurance	Issuer	Y	A	A

Anixter International	axe	035290105	5/18/2006	Directors	Issuer	Y	F	F
Anixter International	axe	035290105	5/18/2006	approval 2006 stock incent. Plan	Issuer	Y	A	A
Anixter International	axe	035290105	5/18/2006	independent auditors ernst & youn	Issuer	Y	F	F

Chesapeake energy corp	chk	165167107	6/9/2006	Directors	Issuer	Y	F	F
Chesapeake energy corp	chk	165167107	6/9/2006	increase # commonshares stock	Issuer	Y	A	A
Chesapeake energy corp	chk	165167107	6/9/2006	approve long term incent. Plan	Issuer	Y	A	A

aldila inc	alda	014384200	5/18/2006	Directors	Issuer	Y	F	F
aldila inc	alda	014384200	5/18/2006	peterson & co independ. Acct.	Issuer	Y	F	F
aldila inc	alda	014384200	5/18/2006	proxies authorized to vote upon	Issuer	Y	F	F

Merit medical systems inc.	mmsi	589889104	5/25/2006	Directors	Issuer	Y	F	F
Merit medical systems inc.	mmsi	589889104	5/25/2006	stock purch plan	Issuer	Y	A	A
Merit medical systems inc.	mmsi	598889104	5/25/2006	approvlong term incent. Plan 2006	Issuer	Y	A	A
Merit medical systems inc.	mmsi	598889104	5/25/2006	auditors	Issuer	Y	F	F

Netgear inc	ntgr	64111q104	5/23/2006	Directors	Issuer	Y	F	F
Netgear inc	ntgr	64111q104	5/23/2006	approve long term incent. Plan 2006	Issuer	Y	A	A
Netgear inc	ntgr	64111q104	5/23/2006	pricewaterhousecooper appointed	Issuer	Y	F	F

Barrett Business Services	bbsi	068463108	5/18/2006	Directors	Issuer	Y	F	F

Coventry health care inc	cvh	222862104	5/18/2006	Directors	Issuer	Y	F	F
Coventry health care inc	cvh	222862104	5/18/2006	increase author.share common stock	Issuer	Y	A	A
Coventry health care inc	cvh	222862104	5/18/2006	convertible perferred stock delete	Issuer	Y	F	F
Coventry health care inc	cvh	2228562104	5/18/2006	election at next annual meeting	Issuer	Y	F	F
Coventry health care inc	cvh	2228562104	5/18/2006	approval to amend 2004 incentive plan	Issuer	Y	A	A
Coventry health care inc	cvh	2228562104	5/18/2006	appoint ernst and Young auditors	Issuer	Y	F	F

petrochina company limited	ptr	71646e100	5/26/2006	directors	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	approve report on board of directors	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	report for supervisory committee	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	audited financial stmt for 2005	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	declaration of final dividend yr ending	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	dist of interim dividend	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	pricewaterhousecoopers interl auditors	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	additonal domestic shares	Issuer	Y	F	F
petrochina company limited	ptr	71646e100	5/26/2006	consider approve matters if any	Issuer	Y	F	F

Amphenol corp	aph	032095101	5/24/2006	Directors	Issuer	Y	F	F
Amphenol corp	aph	032095101	5/24/2006	delotte & touche llp accts of company	Issuer	Y	F	F
Amphenol corp	aph	032095101	5/24/2006	third amended 2000 stock purch.option	Issuer	Y	A	A

Cnooc limited	ceo	126132109	5/24/2006	directors	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	receive and consider audited acct.yr end	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	declare final dividend for year end	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	board directores authorized fix remener	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	reappoint campany's auditors fix remen	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	grant mandate to repurchase share	Issuer	Y	F	F
Cnooc limited	ceo	126132109	5/24/2006	extend general mandate granted shr pur	Issuer	Y	F	F

the timerbland company	tbl	887100105	5/18/2006	directors	Issuer	Y	F	F

community health systems inc	cyh	203668108	5/23/2006	directors	Issuer	Y	F	F
community health systems inc	cyh	203668108	5/23/2006	deloitte touche llp acctnts fiscal year	Issuer	Y	F	F

china mobile limited	chl	16941m109	5/18/2006	directors	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	audited fina stmt for year end	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	declare final dividend year end	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	reappt messrs kpmg as auditors	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	mandate directors repuch.shares	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	extend mandate allot deal with shares	Issuer	Y	F	F
china mobile limited	chl	16941m109	5/18/2006	approve change of name of company	Issuer	Y	F	F

home depot inc.	hd	437076102	5/25/2006	directors	Issuer	Y	F	F
home depot inc.	hd	437076102	5/25/2006	appoint kpmg llp public acctnts	Issuer	Y	F	F
home depot inc.	hd	437076102	5/25/2006	committee report regard shareholders	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding emplyment diversity report	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding chairman and ceo	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding method of voting for directors	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding retirement benefits	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding political contributions	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding governing documents	shareholder	Y	A	F
home depot inc.	hd	437076102	5/25/2006	regarding political nonpartisanship	shareholder	Y	A	F

21st century holding company	tw	90136q100	6/6/2006	directors	Issuer	Y	F	F
21st century holding company	tw	90136q100	6/6/2006	selection of demeo young mcgrath	Issuer	Y	F	F
21st century holding company	tw	90136q100	6/6/2006	proxy agents authorized to vote	Issuer	Y	F	F

Miller Industries inc.	mlr	600551204	5/26/2006	directors	Issuer	Y	F	F

American Financial Group Inc	afg	025932104	5/18/2006	directors	Issuer	Y	F	F
American Financial Group Inc	afg	025932104	5/18/2006	audit committee appoint ernst & young	Issuer	Y	F	F
American Financial Group Inc	afg	025932104	5/18/2006	share regard political contributions	shareholder	Y	A	F

Johnson & Johnson	jnj	478160104	4/27/2006	directors	Issuer	Y	F	F
Johnson & Johnson	jnj	478160104	4/27/2006	approval of amend restate certificate	Issuer	Y	F	F
Johnson & Johnson	jnj	478160104	4/27/2006	pricewaterhousecooper indep.public acct	Issuer	Y	A	A
Johnson & Johnson	jnj	478160104	4/27/2006	proposal on charitable contributions	shareholder	Y	A	F
Johnson & Johnson	jnj	478160104	4/27/2006	majority voting	shareholder	Y	A	F

Ansoft corp.	anst	036384105	4/20/2006	directors	Issuer	Y	F	F
Ansoft corp.	anst	036384105	4/20/2006	voting common stock .01 par value	Issuer	Y	F	F
Ansoft corp.	anst	063684105	4/20/2006	approve 2006 stock incentive plan	Issuer	Y	A	A

Medtronic Inc.	mdt	585055106	8/24/2006	directors	Issuer	Y	F	F
Medtronic Inc.	mdt	585055106	8/24/2006	pricewaterhousecooper indep.pub.acct	Issuer	Y	F	F
Medtronic Inc.	mdt	585055106	8/24/2006	director election majority vote proposal	Issuer	Y	A	A

E.ON AG	eon	268780103	5/4/2006	directors	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	balance sheet inc. from 2005	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	release board managemt 2005 finan yr	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	release supervisory board 2005 finan yr	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	acquire use of own shares	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	domination and distribution of profits	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	agreement on profits and losses	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	change of assoc regarding sharehold rgts	Issuer	Y	F	F
E.ON AG	eon	268780103	5/4/2006	election of auditors 2006 financial yr	Issuer	Y	F	F

Arch Coal Inc.	aci	039380100	4/27/2006	directors	Issuer	Y	F	F
Arch Coal Inc.	aci	039380100	4/27/2006	approl to increase authorized shares	Issuer	Y	A	A

Rio Tinto Plc	rtp	767204100	4/12/2006	securites section 80 companies act	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	allot securitites for cahs section 80	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	purchase shares by co. or rio tinto limit	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	adoption of articles association	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of tom albanese	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of sir rod eddington	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of sir david clementi	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of sir leigh clifford	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of sir andrew gould	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	election of david mayhew	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	pricewaterhousecooper as auditors	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	approval remuneration report	Issuer	Y	F	F
Rio Tinto Plc	rtp	767204100	4/12/2006	annual report of financial stmt for year	Issuer	Y	F	F

Arkansas best corp	abfs	040790107	4/18/2006	directors	Issuer	Y	F	F
Arkansas best corp	abfs	040790107	4/18/2006	appoint of ernest & Young llp	Issuer	Y	F	F

Lawson Software Inc.	laws	520780107	4/17/2006	directors	Issuer	Y	F	F
Lawson Software Inc.	laws	520780107	4/17/2006	approve merger adopt merger agreemt	Issuer	Y	F	F
Lawson Software Inc.	laws	520780107	4/17/2006	approve ins. Exchange of shares	Issuer	Y	F	F
Lawson Software Inc.	laws	520780107	4/17/2006	approve appoint of pricewaterhousecoop	Issuer	Y	F	F

Centene Corp	cnc	15135b101	4/25/2006	directors	Issuer	Y	F	F
Centene Corp	cnc	15135b101	4/25/2006	appointmt kpmg llp public acctg firm	Issuer	Y	F	F

Freescale semiconductor Inc.	fslb	35687m206	4/21/2006	directors	Issuer	Y	F	F
Freescale semiconductor Inc.	fslb	35687m206	4/21/2006	appointmt kpmg llp indpt auditors	Issuer	Y	F	F

Progess Software corp	prgs	743312100	4/20/2006	directors	Issuer	Y	F	F
Progess Software corp	prgs	743312100	4/20/2006	# of directors constituting full board	Issuer	Y	F	F
Progess Software corp	prgs	743312100	4/20/2006	proposal for co. stock 1997 extend share	Issuer	Y	A	A

Baker Hughes Incorp.	bhi	057224107	4/27/2006	directors	Issuer	Y	F	F
Baker Hughes Incorp.	bhi	057224107	4/27/2006	deloitte & touche auditors for fiscal yr	Issuer	Y	F	F
Baker Hughes Incorp.	bhi	057224107	4/27/2006	performance criteria for awards incent	Issuer	Y	A	A
Baker Hughes Incorp.	bhi	057224107	4/27/2006	stockholder proposal #1 delaware chapt	shareholder	Y	A	F

Giant Industries Inc.	gi	374508109	4/10/2006	directors	Issuer	Y	F	F
Giant Industries Inc.	gi	374508109	4/10/2006	appoint of deloitte & touche llp fiscal yr	Issuer	Y	F	F

The Phoenix Companies Inc.	ptec	71902e109	4/27/2006	directors	Issuer	Y	F	F
The Phoenix Companies Inc.	ptec	71902e109	4/27/2006	pricewaterhousecooper llp public acctg	Issuer	Y	F	F

Manpower Inc.	man	56418h100	4/25/2006	directors	Issuer	Y	F	F
Manpower Inc.	man	56418h100	4/25/2006	deloitte & touche llp auditors 2006	Issuer	Y	F	F
Manpower Inc.	man	56418h100	4/25/2006	approval increase of #of shares author	Issuer	Y	A	A
Manpower Inc.	man	56418h100	4/25/2006	proposal regarding implement of mcbride	shareholder	Y	A	F

Corning Incorporated	glw	219350105	4/27/2006	directors	Issuer	Y	F	F
Corning Incorporated	glw	219350105	4/27/2006	approval amend.employee share purch	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	equity plan for nonemplyee directors	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	variable compensation plan 2006	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	pricewaterhousecooper llp audit for fiscal	Issuer	Y	F	F
Corning Incorporated	glw	219350105	4/27/2006	regarding elect of each director annual	shareholder	Y	A	F

Hovnanian Enterprises	hov	442487203	3/8/2006	directors	Issuer	Y	F	F
Hovnanian Enterprises	hov	442487203	3/8/2006	selections of ernst & young llp acctg firm	Issuer	Y	F	F

Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	directors	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	annual accts and management	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	appoint mr tomas alfaro drake	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	reelection juan carlos alvarez mezquiriz	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	reelection carlos loring martinez de irujo	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	reelection susana rodriguez vidarte	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	annullinginsofar unused bbva sharehold	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	acquire trasury stock directly group co.	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	bank and it subsidiaries long term share	Issuer	Y	F	F
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	article 53 co bylaw appl. Of earnings	Issuer	Y	A	A
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	approval for appl by bank deferred	Issuer	Y	A	A
Banco Bilbao Vzcaya Agentaria	bbv	05946k101	3/18/2006	conferral authority board direct to formalise	Issuer	Y	F	F

Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	directors	Issuer	Y	F	F
Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	election members board directors exam	Issuer	Y	F	F
Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	reading approval fo minutes	Issuer	Y	F	F
Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	cancel and make avail. Board series	Issuer	Y	F	F
Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	appointment of delegates	Issuer	Y	F	F
Coca Cola Femsa SA DE CV	kof	191241108	3/8/2006	reading approval minutes spec. sharehol	Issuer	Y	F	F

DRS Technologies Inc.	drs	23330x100	1/30/2006	directors	Issuer	Y	F	F
DRS Technologies Inc.	drs	23330x100	1/30/2006	approve ins. Of shares drs common stoc	Issuer	Y	A	A
DRS Technologies Inc.	drs	23330x100	1/30/2006	amend drs cerificate of incorporation incr	Issuer	Y	A	A

Analogic Corp.	alog	032657207	1/27/2006	directors	Issuer	Y	F	F
Analogic Corp.	alog	032657207	1/27/2006	act upon declassification co board direc	shareholder	Y	A	F

Autozone Inc.	azo	053332102	12/14/2005	directors	Issuer	Y	F	F
Autozone Inc.	azo	053332102	12/14/2005	ernst & young indep.acctg firm fiscal 2006	Issuer	Y	F	F

Immucor Inc	blud	452526106	12/13/2005	directors	Issuer	Y	F	F
Immucor Inc	blud	452526106	12/13/2005	approval 2002 long-term incentive plan	Issuer	Y	A	A
Immucor Inc	blud	452526106	12/13/2005	articles of incorp. To approve amend`	Issuer	Y	A	A
Immucor Inc	blud	452526106	12/13/2005	discretion properly before annual meeting	Issuer	Y	F	F

Intuit Inc	intu	461202103	12/16/2005	directors	Issuer	Y	F	F
Intuit Inc	intu	461202103	12/16/2005	ernst & young llp indpt public acctg firm	Issuer	Y	F	F
Intuit Inc	intu	461202103	12/16/2005	approve amend to our 2005 equity incent	Issuer	Y	A	A

Walgreen Co	wag	931422109	1/11/2006	directors	Issuer	Y	F	F
Walgreen Co	wag	931422109	1/11/2006	appoint deloitte & touche llp indpt acctg	Issuer	Y	F	F
Walgreen Co	wag	931422109	1/11/2006	approval amend restated exe stock option	Issuer	Y	A	A

Gruma SA DE CV	gmk	400131306	12/15/2005	approval capital increase fixed portion	Issuer	Y	F	F
Gruma SA DE CV	gmk	400131306	12/15/2005	primary public offering	Issuer	Y	A	A
Gruma SA DE CV	gmk	400131306	12/15/2005	amend bylaws	Issuer	Y	A	A

Sysco Corp	syy	871829107	11/11/2005	directors	Issuer	Y	F	F
Sysco Corp	syy	871829107	11/11/2005	appoint ernest & young llp acctg fiscal yr	Issuer	Y	F	F
Sysco Corp	syy	871829107	11/11/2005	approval 2005 man incentive plan	Issuer	Y	A	A
Sysco Corp	syy	871829107	11/11/2005	compensation to certain exe. Officers	Issuer	Y	A	A
Sysco Corp	syy	871829107	11/11/2005	approval of non emplyee director stock pl	Issuer	Y	A	A

Diageo Plc	deo	25243q205	10/18/2005	reports ancct 2005	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	directors remuneration report 2005	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	delcalrtion of final dividend	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	reelction of lord blyth of rowington	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	reelection of ms m lilja	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	reelction of mr ws shanahan	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	election of dr fb humer	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	authority to allot relevant securities	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	disappl. Of preemption rights	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	authority to purchase own ordinary share	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	authority to maek eu political donations	Issuer	Y	F	F
Diageo Plc	deo	25243q205	10/18/2005	adoption of new articles of association	Issuer	Y	F	F

Sara Lee Corp	sle	803111103	10/27/2005	directors	Issuer	Y	F	F
Sara Lee Corp	sle	803111103	10/27/2005	pricewaterhousecooopers llp public accts	Issuer	Y	F	F
Sara Lee Corp	sle	803111103	10/27/2005	vote on approval of emplyee stock	Issuer	Y	A	A
Sara Lee Corp	sle	803111103	10/27/2005	stockholder regarding sara lee code conduct	shareholder	Y	A	F
Sara Lee Corp	sle	803111103	10/27/2005	severence arrangements	shareholder	Y	A	F
Sara Lee Corp	sle	803111103	10/27/2005	vote on stockholder saralee rights agree	shareholder	Y	A	F

CTRIP Com International LTD	ctrp	22943f100	10/21/2005	2005 stock option plan for emplyee	Issuer	Y	A	A
CTRIP Com International LTD	ctrp	22943f100	10/21/2005	distribution of 30% net income for 2005	Issuer	Y	F	F

Elkcorp	elk	287456107	10/25/2005	directors	Issuer	Y	F	F
Elkcorp	elk	287456107	10/25/2005	grant thornton llp auditors fiscal 2006	Issuer	Y	F	F

The Procter & Gamble Co	pg	742718109	10/11/2005	directors	Issuer	Y	F	F
The Procter & Gamble Co	pg	742718109	10/11/2005	appoint independ regist acctg firm	Issuer	Y	F	F
The Procter & Gamble Co	pg	742718109	10/11/2005	amendment to elimate references to exe	Issuer	Y	F	F
The Procter & Gamble Co	pg	742718109	10/11/2005	code of regulations to election of director	Issuer	Y	F	F
The Procter & Gamble Co	pg	742718109	10/11/2005	shareholder compliance w/animal testg	shareholder	Y	A	F
The Procter & Gamble Co	pg	742718109	10/11/2005	shareholder proposal sell the company	shareholder	Y	A	F
The Procter & Gamble Co	pg	742718109	10/11/2005	shareholder proposal political contributi	shareholder	Y	A	F

Outlook Group Corp	outl	690113105	10/19/2005	directors	Issuer	Y	F	F
Outlook Group Corp	outl	690113105	10/19/2005	approval 2005 stock incentive plan	Issuer	Y	A	A
Outlook Group Corp	outl	690113105	10/19/2005	virchow krause & co llp indept auditors	Issuer	Y	F	F

Telecom Corp		87978208	10/6/2005	directors	Issuer	Y	F	F
Telecom Corp		87978208	10/6/2005	authorise directors fix remuneration aud	Issuer	Y	F	F
Telecom Corp		87978208	10/6/2005	reelect dr. deane as director	Issuer	Y	F	F
Telecom Corp		87978208	10/6/2005	reelect mr. Baines as director	Issuer	Y	F	F
Telecom Corp		87978208	10/6/2005	reelect ms reddy as director	Issuer	Y	F	F

Ruby Tuesday Inc.	ri	781182100	10/5/2005	directors	Issuer	Y	F	F
Ruby Tuesday Inc.	ri	781182100	10/5/2005	approve amend com 2003 stock incent	Issuer	Y	A	A
Ruby Tuesday Inc.	ri	781182100	10/5/2005	selection kpmg llp acctg firm fiscal yr	Issuer	Y	F	F
Ruby Tuesday Inc.	ri	781182100	10/5/2005	independ committee review co policies	shareholder	Y	A	F

H&R Block	hrb	093671105	9/7/2005	directors	Issuer	Y	F	F
H&R Block	hrb	093671105	9/7/2005	approval block exe.performance plan	Issuer	Y	A	A
H&R Block	hrb	093671105	9/7/2005	appoint kpmg llp indepd.accts	Issuer	Y	F	F

Texas Instruments Incorp	txn	882508104	4/20/2006	directors	Issuer	Y	F	F
Texas Instruments Incorp	txn	882508104	4/20/2006	appoint ernst & young llp indpd acct firm	Issuer	Y	F	F

Nexen Inc	nxy	65334h102	4/27/2006	directors	Issuer	Y	F	F

Huttig Building Products Inc	hbp	448451104	4/24/2006	directors	Issuer	Y	F	F
Huttig Building Products Inc	hbp	448451104	4/24/2006	appoint kpmg llp indpd acctg firm	Issuer	Y	F	F

Black & Decker Corp	bdk	091797100	4/20/2006	directors	Issuer	Y	F	F
Black & Decker Corp	bdk	091797100	4/20/2006	selection ernst & young llp indpd acctg	Issuer	Y	F	F
Black & Decker Corp	bdk	091797100	4/20/2006	stockholder proposal	shareholder	Y	A	F

Genentech Inc.	dna	368710406	4/20/2006	directors	Issuer	Y	F	F
Genentech Inc.	dna	368710406	4/20/2006	approve amend 1991 emplyee stock pl	Issuer	Y	A	A
Genentech Inc.	dna	368710406	4/20/2006	selection ernst & young llp indpd acctg	Issuer	Y	F	F

First Data corp	fdc	319963104	5/10/2006	directors	Issuer	Y	F	F
First Data corp	fdc	319963104	5/10/2006	elect david coulter as director	Issuer	Y	F	F
First Data corp	fdc	319963104	5/10/2006	elect henry duques as director	Issuer	Y	F	F
First Data corp	fdc	319963104	5/10/2006	election fo peter ellwood as director	Issuer	Y	F	F

The Sportsman Guide Inc	sgde	848907200	5/5/2006	directors	Issuer	Y	F	F
The Sportsman Guide Inc	sgde	848907200	5/5/2006	approval 2006 restricted stock plan	Issuer	Y	A	A
The Sportsman Guide Inc	sgde	848907200	5/5/2006	grant thornton llp public acctg	Issuer	Y	F	F

IMS Health Incorp	rx	449934108	5/5/2006	directors	Issuer	Y	F	F
IMS Health Incorp	rx	449934108	5/5/2006	appoint pricewaterhousecooper acctg firm	Issuer	Y	F	F
IMS Health Incorp	rx	449934108	5/5/2006	amend emplyee stock incentive plan	Issuer	Y	A	A
IMS Health Incorp	rx	449934108	5/5/2006	approval shareholder rights plan	shareholder	Y	A	F

Unit Corporation	unt	909218109	5/3/2006	directors	Issuer	Y	F	F
Unit Corporation	unt	909218109	5/3/2006	ratification of auditors	Issuer	Y	F	F
Unit Corporation	unt	909218109	5/3/2006	amendment to increase shares of co.	Issuer	Y	A	A
Unit Corporation	unt	909218109	5/3/2006	amendment to increase shares of pref	Issuer	Y	A	A
Unit Corporation	unt	909218109	5/3/2006	approve stock and incentive comp. Plan	Issuer	Y	A	A

Gehl Company	gehl	368483103	4/28/2006	directors	Issuer	Y	F	F
Gehl Company	gehl	368483103	4/28/2006	approval 2004 equity incentive plan	Issuer	Y	A	A
Gehl Company	gehl	368483103	4/28/2006	approval appoint pricewaterhousecooper	Issuer	Y	F	F

American Physician Capital Inc	acap	028884104	4/27/2006	directors	Issuer	Y	F	F
American Physician Capital Inc	acap	028884104	4/27/2006	appoint bdo seidman llp public acctg firm	Issuer	Y	F	F

Usana Health Sciences Inc.	usna	90328m107	4/19/2006	directors	Issuer	Y	F	F
Usana Health Sciences Inc.	usna	90328m107	4/19/2006	selection thornton llp indep acctnts	Issuer	Y	F	F
Usana Health Sciences Inc.	usna	90328m107	4/19/2006	equity incentive award plan	Issuer	Y	A	A
Usana Health Sciences Inc.	usna	90328m107	4/19/2006	amend articles provision monetary damag	Issuer	Y	A	A
Usana Health Sciences Inc.	usna	90328m107	4/19/2006	indemnify directors	Issuer	Y	A	A

Western Gas Resources Inc	wgr	958259103	5/5/2006	directors	Issuer	Y	F	F
Western Gas Resources Inc	wgr	958259103	5/5/2006	approve amend co. authorized stock	Issuer	Y	A	A
Western Gas Resources Inc	wgr	958259103	5/5/2006	approve first amend 2005 stock	Issuer	Y	A	A

Corning Incorporated	glw	219350105	4/27/2006	directors	Issuer	Y	F	F
Corning Incorporated	glw	219350105	4/27/2006	approval amend 2002 emplyee share pl	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	approval amend 2006 variable compen pl	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	approval amend 2003 equity plan nonem	Issuer	Y	A	A
Corning Incorporated	glw	219350105	4/27/2006	ratify appoint pricewaterhousecooper	Issuer	Y	F	F
Corning Incorporated	glw	219350105	4/27/2006	proposal relating to each director annual	shareholder	Y	A	F

Peabody Energy Corporation	btu	704549104	5/5/2006	directors	Issuer	Y	F	F
Peabody Energy Corporation	btu	704549104	5/5/2006	appoint indpdt register acctg firm	Issuer	Y	F	F
Peabody Energy Corporation	btu	704549104	5/5/2006	approval increase shares common stockq	Issuer	Y	A	A
Peabody Energy Corporation	btu	704549104	5/5/2006	regarding formation special committee	shareholder	Y	A	F
Peabody Energy Corporation	btu	704549104	5/5/2006	regarding majority voting	shareholder	Y	A	F
Peabody Energy Corporation	btu	704549104	5/5/2006	regarding board diclassification	shareholder	Y	A	F
Peabody Energy Corporation	btu	704549104	5/5/2006	regarding water use	shareholder	Y	A	F

Tesoro Corp	tso	881609101	5/3/2006	directors	Issuer	Y	F	F
Tesoro Corp	tso	881609101	5/3/2006	adopt 2006 long term incentive plan	Issuer	Y	A	A
Tesoro Corp	tso	881609101	5/3/2006	amend increase # of authorized shares	Issuer	Y	A	A
Tesoro Corp	tso	881609101	5/3/2006	appoint deloitte & touche llp acctg firm	Issuer	Y	F	F

Chevron Corp	cvx	166764100	4/26/2006	directors	Issuer	Y	F	F
Chevron Corp	cvx	166764100	4/26/2006	independent registered acctg firm	Issuer	Y	F	F
Chevron Corp	cvx	166764100	4/26/2006	amend by-laws propeonent reimbursem	shareholder	Y	A	F
Chevron Corp	cvx	166764100	4/26/2006	report oil & gas dirlling protected areas	shareholder	Y	A	F
Chevron Corp	cvx	166764100	4/26/2006	reoprt political contributions	shareholder	Y	A	F
Chevron Corp	cvx	166764100	4/26/2006	adopt an animall welfare policy	shareholder	Y	A	F
Chevron Corp	cvx	166764100	4/26/2006	report on human rights	shareholder	Y	A	F
Chevron Corp	cvx	166764100	4/26/2006	report on ecuador	shareholder	Y	A	F

DST Systems Inc.	dst	233326107	5/9/2006	directors	Issuer	Y	F	F
DST Systems Inc.	dst	233326107	5/9/2006	selection registered public acctg firm	Issuer	Y	F	F

M.D.C. Holdings Inc	mdc	552676108	4/24/2006	directors	Issuer	Y	F	F
M.D.C. Holdings Inc	mdc	552676108	4/24/2006	approve amendment authorized share stock	Issuer	Y	A	A

Amgen Inc	amgn	031162100	5/10/2006	directors	Issuer	Y	F	F
Amgen Inc	amgn	031162100	5/10/2006	selection ernst & young public acctg firm	Issuer	Y	F	F
Amgen Inc	amgn	031162100	5/10/2006	stock retention	shareholder	Y	A	F
Amgen Inc	amgn	031162100	5/10/2006	executive compensation	shareholder	Y	F	A
Amgen Inc	amgn	031162100	5/10/2006	shareholders rights	shareholder	Y	A	F
Amgen Inc	amgn	031162100	5/10/2006	animal welfare policy	shareholder	Y	A	F
Amgen Inc	amgn	031162100	5/10/2006	majority elections	shareholder	Y	A	F
Amgen Inc	amgn	031162100	5/10/2006	corporate political contributions	shareholder	Y	F	F

Newfield Exploration company	nfx	651290108	5/4/2006	directors	Issuer	Y	F	F
Newfield Exploration company	nfx	651290108	5/4/2006	non-emplyee director restricted stock pl	Issuer	Y	A	A
Newfield Exploration company	nfx	651290108	5/4/2006	2001 emplyee stock purchase plan	Issuer	Y	A	A
Newfield Exploration company	nfx	651290108	5/4/2006	apppoint pricewaterhousecooper llp	Issuer	Y	F	F

L-3 Communications Holdings Inc	lll	502424104	4/25/2006	directors	Issuer	Y	F	F
L-3 Communications Holdings Inc	lll	502424104	4/25/2006	appoint pricewaterhousecooper llp	Issuer	Y	F	F
L-3 Communications Holdings Inc	lll	502424104	4/25/2006	amend emplyee stock purchase plan	Issuer	Y	A	A

St. Mary Land & Exploration co	sm	792228108	5/17/2006	directors	Issuer	Y	F	F
St. Mary Land & Exploration co	sm	792228108	5/17/2006	2006 equity incentive compensation	Issuer	Y	A	A
St. Mary Land & Exploration co	sm	792228108	5/17/2006	appint audit committee deloitte & touch	Issuer	Y	F	F

conocophillips	cop	20825c104	5/10/2006	directors	Issuer	Y	F	F
conocophillips	cop	20825c104	5/10/2006	appoint ernst & young llp acctg firm	Issuer	Y	F	F
conocophillips	cop	20825c104	5/10/2006	drilling in sensitive areas	shareholder	Y	A	F
conocophillips	cop	20825c104	5/10/2006	director election vote standard	shareholder	Y	A	F
conocophillips	cop	20825c104	5/10/2006	shareholder retirement benefits	shareholder	Y	F	A
conocophillips	cop	20825c104	5/10/2006	environmental acctability communities	shareholder	Y	A	F
conocophillips	cop	20825c104	5/10/2006	equitable compesation non-emply direct	shareholder	Y	A	F

USA Truck Inc	usak	902925106	5/3/2006	directors	Issuer	Y	F	F
USA Truck Inc	usak	902925106	5/3/2006	increase # of authorized shares	Issuer	Y	A	A

Cigna Corp	ci	125509109	4/26/2006	directors	Issuer	Y	F	F
Cigna Corp	ci	125509109	4/26/2006	appoint pricewaterhousecoopers llp	Issuer	Y	F	F

Zenith National Insurance Corp	znt	989390109	5/24/2006	directors	Issuer	Y	F	F
Zenith National Insurance Corp	znt	989390109	5/24/2006	restate 2004 restricted stock plan	Issuer	Y	A	A
Zenith National Insurance Corp	znt	989390109	5/24/2006	adopt amended restated incorporation	Issuer	Y	A	A
Zenith National Insurance Corp	znt	989390109	5/24/2006	appoint pricewaterhousecoopers llp	Issuer	Y	F	F

Cash America International Inc	pwn	14754d100	4/26/2006	directors	Issuer	Y	F	F
Cash America International Inc	pwn	14754d100	4/26/2006	appt pricewaterhousecoopers llp	Issuer	Y	F	F

State Auto Financial Corp	stfc	855707105	5/18/2006	directors	Issuer	Y	F	F
State Auto Financial Corp	stfc	855707105	5/18/2006	selection ernst & young llp acctg firm	Issuer	Y	F	F

Ryder Systems Inc	r	783549108	5/5/2006	directors	Issuer	Y	F	F
Ryder Systems Inc	r	783549108	5/5/2006	appoint pricewaterhousecoopers llp acct	Issuer	Y	F	F

Valero Energy Corp	vlo	91931y100	4/27/2006	directors	Issuer	Y	F	F
Valero Energy Corp	vlo	91931y100	4/27/2006	appoint KPMG llp auditors for 2006	Issuer	Y	F	F

Lockheed & Martin Corp	lmt	539830109	4/27/2006	directors	Issuer	Y	F	F
Lockheed & Martin Corp	lmt	539830109	4/27/2006	appoint indpd auditors	Issuer	Y	F	F
Lockheed & Martin Corp	lmt	539830109	4/27/2006	adoption 2006 incentive plan	Issuer	Y	A	A
Lockheed & Martin Corp	lmt	539830109	4/27/2006	restatement of the charter	Issuer	Y	A	A
Lockheed & Martin Corp	lmt	539830109	4/27/2006	stockholder proposal evelyn davis	shareholder	Y	A	F
Lockheed & Martin Corp	lmt	539830109	4/27/2006	stockholder proposal hohn chevedden	shareholder	Y	A	F
Lockheed & Martin Corp	lmt	539830109	4/27/2006	stockholder proposal sisters of st franci	shareholder	Y	A	F
Lockheed & Martin Corp	lmt	539830109	4/27/2006	stockholder sisters of mercy groups	shareholder	Y	A	F

Charles River Laboratories Intl	crl	159864107	5/9/2006	directors	Issuer	Y	F	F
Charles River Laboratories Intl	crl	159864107	5/9/2006	appoint pricewaterhousecoopers llp	Issuer	Y	F	F

Pioneer Natural Resources Co.	pxd	723787107	5/3/2006	directors	Issuer	Y	F	F
Pioneer Natural Resources Co.	pxd	723787107	5/3/2006	selection independent auditors	Issuer	Y	F	F
Pioneer Natural Resources Co.	pxd	723787107	5/3/2006	long-term incent. Plan	Issuer	Y	A	A

Lifepoint Hospitals Inc	lpnt	53219l199	5/8/2006	directors	Issuer	Y	F	F
Lifepoint Hospitals Inc	lpnt	53219l109	5/8/2006	selection ernst & Young llp acctg firm	Issuer	Y	F	F

Unitedhealth Group Incorporated	uhg	91324p102	5/2/2006	directors	Issuer	Y	F	F
Unitedhealth Group Incorporated	uhg	91324p102	5/2/2006	appoint deloitte & touche llp acctg firm	Issuer	Y	F	F
Unitedhealth Group Incorporated	uhg	91324p102	5/2/2006	concerning diretor elect majority vote	shareholder	Y	A	F

Infrasource Services Inc.	ifs	45684p102	5/9/2006	director	Issuer	Y	F	F

Consol Energy Incl	cnx	20854p109	5/2/2006	directors	Issuer	Y	F	F
Consol Energy Incl	cnx	20854p109	5/2/2006	appoint pricewaterhousecoopers llp	Issuer	Y	F	F

Signature

Pursuant to the requirements of the Securities Exchange Act
of 1934 and the Investment Company Act of 1940, this report
has been signed below by the following person on behalf of
the registrant and in the capacities and on the dates
indicated.

By /s/ MARK A. COFFELT Date August 23, 2006
-------------------------------------- ------------------------
Mark A. Coffelt, President and Chairman
Texas Capital Value Funds, Inc.

Signature

By: /s/ Mark A. Coffelt
---------------------------
Principal Executive Officer

Date: August 23, 2006

By: /s/ Mark A. Coffelt
---------------------------
Principal Financial Officer

Date: August 23, 2006