UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-07685

Frontegra Funds, Inc.

(Exact name of registrant as specified in charter)

400 Skokie Blvd.

Suite 500

Northbrook, Illinois 60062

(Address of principal executive offices) (Zip code)

William D. Forsyth III

400 Skokie Blvd., Suite 500

Northbrook, Illinois 60062

(Name and address of agent for service)

Registrant's telephone number, including area code: (847) 509-9860

Date of fiscal year end: June 30

Date of reporting period: July 1, 2005 - June 30, 2006

Item 1. Proxy Voting Record.

Name of Fund:	Frontegra Total Return Bond Fund
Period:	7/1/05 - 6/30/06
Company Name	Meeting Date	Principal Amount Voted	CUSIP
Adelphia Communications	5/01/06	2,835,000	006848BD6
Adelphia Communications	5/01/06	290,000	006848AU9
Adelphia Communications	5/01/06	665,000	006848AP0
Vote Cast	Management Vote	Proposal		Proposed by Issuer or Security Holder
AGAINST	AGAINST	POTENTIAL ARAHOVA SETTLEMENT		ISSUER
AGAINST	AGAINST	POTENTIAL FRONTIERVISION HOLDCO SETTLEMENT		ISSUER
AGAINST	AGAINST	POTENTIAL OLYMPUS PARENT SETTLEMENT		ISSUER
FOR	FOR	INTER-CREDITOR DISPUTE HOLDBACK		ISSUER

Name of Fund:	Frontegra Investment Grade Bond Fund
Period:	7/1/05 - 6/30/06
The Registrant did not hold any voting securities and accordingly did not vote any proxies during the reporting period.

Name of Fund: Frontegra IronBridge Small Cap Fund Period: 7/1/05 - 6/30/06

Mtg

Company/

Mgmt

Vote

Record

Shares

Date/Type

Ballot Issues

Security

Rec

Cast

Date

Prpnent

Voted

07/19/05 - A

LifeCell Corp. *LIFC*

531927101

06/10/05

316,250

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

3

Amend Omnibus Stock Plan

For

For

Mgmt

4

Ratify Auditors

For

For

Mgmt

07/19/05 - A

THQ Inc. *THQI*

872443403

05/27/05

26,178

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

07/20/05 - A

KEMET Corporation *KEM*

488360108

06/07/05

475,771

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

07/27/05 - A

Avid Technology, Inc. *AVID*

05367P100

06/07/05

31,645

1

Increase Authorized Common Stock

For

For

Mgmt

2

Elect Directors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

4

Ratify Auditors

For

For

Mgmt

5

Adjourn Meeting

For

Against

Mgmt

07/28/05 - A

American Superconductor Corp. *AMSC*

030111108

06/08/05

343,826

1

Elect Directors

For

Split

Mgmt

1.1

Elect Directors Gregory J. Yurek --- For

1.2

Elect Directors Albert J. Baciocco, Jr. --- For

1.3

Elect Directors Vikram S. Budhraja --- For

1.4

Elect Directors Peter O. Crisp --- For

1.5

Elect Directors Richard Drouin --- For

1.6

Elect Directors Andrew G.C. Sage, Ii --- For

1.7

Elect Directors John B. Vander Sande --- Withhold

2

Ratify Auditors

For

For

Mgmt

08/04/05 - A

DRS Technologies, Inc. *DRS*

23330X100

06/23/05

29,790

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

09/09/05 - A

ViaSat, Inc. *VSAT*

92552V100

07/18/05

109,500

1

Elect Directors

For

For

Mgmt

2

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

10/10/05 - A

Oxford Industries, Inc. *OXM*

691497309

08/22/05

74,940

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Cecil D. Conlee --- For

1.2

Elect Director J. Reese Lanier, Sr. --- For

1.3

Elect Director Robert E. Shaw --- Withhold

2

Ratify Auditors

For

For

Mgmt

10/18/05 - A

Synaptics, Inc. *SYNA*

87157D109

09/01/05

80,136

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

10/18/05 - A

Texas Industries, Inc. *TXI*

882491103

08/22/05

31,921

1

Elect Directors

For

For

Mgmt

10/26/05 - A

Digene Corp. *DIGE*

253752109

09/08/05

49,440

1

Elect Directors

For

For

Mgmt

2

Amend Non-Employee Director Omnibus Stock Plan

For

For

Mgmt

3

Amend Directors' Plan to Extend the Termination Date

For

For

Mgmt

4

Amend Omnibus Stock Plan

For

For

Mgmt

10/27/05 - A

Techne Corp. *TECH*

878377100

09/16/05

53,830

1

Fix Number of Directors

For

For

Mgmt

2

Elect Directors

For

For

Mgmt

10/28/05 - A

Perrigo Co. *PRGO*

714290103

09/02/05

158,842

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

11/10/05 - A

Aeroflex, Inc. *ARXX*

007768104

09/30/05

334,299

1

Elect Directors

For

For

Mgmt

2

Amend Non-Employee Director Stock Option Plan

For

For

Mgmt

11/11/05 - A

OSI Systems, Inc. *OSIS*

671044105

09/26/05

104,176

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

11/14/05 - S

Mercury Computer Systems, Inc. *MRCY*

589378108

09/23/05

163,185

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

11/15/05 - A

Respironics, Inc. *RESP*

761230101

10/03/05

91,894

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

11/17/05 - A

CACI International, Inc. *CAI*

127190304

09/26/05

29,600

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Herbert W. Anderson --- For

1.2

Elect Director Michael J. Bayer --- For

1.3

Elect Director Peter A. Derow --- For

1.4

Elect Director Richard L. Leatherwood --- For

1.5

Elect Director J. Phillip London --- For

1.6

Elect Director Barbara A. McNamara --- For

1.7

Elect Director Arthur L. Money --- Withhold

1.8

Elect Director Warren R. Phillips --- For

1.9

Elect Director Charles P. Revoile --- For

1.10

Elect Director Larry D. Welch --- For

11/17/05 - A

JLG Industries, Inc. *JLG*

466210101

09/30/05

107,517

1

Elect Directors

For

For

Mgmt

2

Approve Executive Incentive Bonus Plan

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

4

Ratify Auditors

For

For

Mgmt

11/18/05 - A

Micros Systems, Inc. *MCRS*

594901100

10/05/05

24,170

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Amend Stock Option Plan

For

For

Mgmt

11/22/05 - A

Openwave Systems, Inc. *OPWV*

683718308

10/14/05

107,175

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

3

Ratify Auditors

For

For

Mgmt

12/21/05 - S

Knight Transportation, Inc. *KNX*

499064103

11/25/05

158,490

1

Amend Executive Incentive Bonus Plan

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

01/27/06 - A

Analogic Corp. *ALOG*

032657207

12/10/05

59,109

1

Elect Directors

For

For

Mgmt

2

Declassify the Board of Directors

Against

For

ShrHoldr

The ability to elect directors is the single most important use of the shareholder franchise, and all directors should be accountable on an annual basis. A classified board can entrench management and effectively preclude most takeover bids or proxy contests. Board classification forces dissidents and would-be acquirers to negotiate with the incumbent board, which has the authority to decide on offers without a shareholder vote.

01/26/06 - A

Commercial Metals Co. *CMC*

201723103

11/28/05

90,995

1

Elect Directors

For

For

Mgmt

2

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 100,000,000 shares is below the allowable threshold of 150,000,000 shares.

3

Eliminate/Adjust Par Value of Common Stock

For

For

Mgmt

Adjusting par value is a routine financing decision that warrants shareholder support.

4

Ratify Auditors

For

For

Mgmt

02/21/06 - A

Cubic Corp. *CUB*

229669106

01/10/06

55,139

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

Against

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 15.01 percent is above the allowable cap for this company of 9.96 percent. Additionally, the plan allows repricing of underwater stock options without shareholder approval, which we believe reduces the incentive value of the plan.

3

Authorize New Class of Preferred Stock

For

Against

Mgmt

In this case, management has not specifically stated that the shares may not be used for antitakeover purposes. When a company fails to provide a specific financing purpose for the shares, the possibility that they will be used for management entrenchment purposes outweighs any potential benefits that they would bring.

4

Ratify Auditors

For

For

Mgmt

02/28/06 - A

Headwaters Incorporated *HW*

42210P102

01/11/06

85,990

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

02/10/06 - A

JAMDAT MOBILE INC

47023T100

01/09/06

23,132

1

Approve Merger Agreement

For

For

Mgmt

Based on our review of the terms of the transaction and the factors described above, in particular the reasonable premium and the thorough review of potential alternatives, we believe that the merger agreement warrants shareholder support.

2

Adjourn Meeting

For

For

Mgmt

Given the narrow scope of this proposal, and our support for this transaction, we recommend that shareholders support this proposal.

02/16/06 - A

Mapinfo Corp. *MAPS*

565105103

12/20/05

114,145

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Mark P. Cattini --- For

We recommend a vote FOR the directors with the exception of independent outsider Robert P. Schechter. We recommend that shareholders WITHHOLD votes from Robert P. Schechter for sitting on more than three boards.

1.2

Elect Director John C. Cavalier --- For

1.3

Elect Director Joni Kahn --- For

1.4

Elect Director Thomas L. Massie --- For

1.5

Elect Director Simon J. Orebi Gann --- For

1.6

Elect Director Robert P. Schechter --- Withhold

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.72 percent is within the allowable cap for this company of 20.15 percent. Additionally, this plan expressly forbids repricing.

3

Amend Non-Employee Director Stock Option Plan

For

For

Mgmt

VI. Vote Recommendation        The total cost of the company's plans of 7.69 percent is within the allowable cap for this company of 20.15 percent.

4

Ratify Auditors

For

For

Mgmt

03/16/06 - A

Rofin-Sinar Technologies, Inc. *RSTI*

775043102

01/20/06

88,238

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

01/11/06 - S

Secure Computing Corp. *SCUR*

813705100

11/21/05

26,000

1

Issue Shares in Connection with an Acquisition

For

For

Mgmt

Management and the board of directors viewed the following reasons as deciding before approving the merger transaction:        1. The importance of market position, scale and financial resources relative to Secure Computing's ability to compete effectively in the IT security technology market;        2. The belief that combining with CyberGuard will enhance product and revenue diversification; and        3. The fairness opinion rendered by Citigroup.        Based on our review of the terms of the transaction and the factors described above, we believe that the share issuance warrants shareholder support.

2

Approve Issuance of Shares for a Private Placement

For

For

Mgmt

The benefits of the proposed transaction outweigh the aforementioned concerns. However, shareholders will need to weigh up the risks when assessing whether or not to support this transaction. On balance, we do not believe that our concerns are sufficient for us to recommend a vote against this resolution. In continuing with our support of the proposed merger agreement, we believe shareholder approval is warranted.        As noted in the company's proxy, one of the items to be voted on at the upcoming Secure Computing meeting is the approval of the issuance to Warburg Pincus Private Equity IX, L.P. of $70 million in preferred stock and warrants, the proceeds of which will be used to fund the proposed merger pursuant to which Secure Computing will acquire Cyberguard. Following the equity issuance to Warburg and the completion of the merger, it is expected that Warburg will own approximately 10.5% of Secure Computing (on an as converted basis). In addition, following the completion of the equity issuance, Warburg will have the right to appoint a director to the Secure Computing board. Please see the note at the end of this analysis regarding Warburg Pincus' ownership interest in ISS. Warburg Pincus played no role in the preparation of this analysis or ISS' vote recommendation on this matter.

3

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 11.07 percent is within the allowable cap for this company of 20.13 percent. Additionally, this plan expressly forbids repricing.

4

Adjourn Meeting

For

For

Mgmt

Given our support for the merger agreement (Item 1), we recommend a vote in favor of this narrowly-crafted proposal as well.

02/02/06 - A

Varian Inc *VARI*

922206107

12/12/05

56,574

1

Elect Directors

For

For

Mgmt

02/09/06 - A

Varian Semiconductor Equipment Associates, Inc. *VSEA*

922207105

12/12/05

87,146

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

3

Approve Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

4

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

ISS approves of this plan because it complies with Section 423 of the Internal Revenue Code, the number of shares being reserved is relatively conservative, the offering period is reasonable, and there are limits on participation.

5

Ratify Auditors

For

For

Mgmt

06/22/06 - A

A.G. Edwards, Inc. *AGE*

281760108

05/01/06

88,524

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

06/15/06 - A

Affymetrix Inc. *AFFX*

00826T108

04/20/06

67,798

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Stephen P.A. Fodor, Ph.D. --- For

We recommend a vote FOR the directors with the exception of affiliated outsiders David B. Singer and John D. Diekman, Ph.D., and independent outsider Susan D. Desmond-Hellmann, M.D., M.P.H. We recommend that shareholders WITHHOLD votes from David B. Singer for standing as an affiliated outsider on the Audit Committee. We also recommend that shareholders WITHHOLD votes from John D. Diekman, Ph.D. for standing as an affiliated outsider on the Audit and Nominating committees. Lastly, we recommend that shareholders WITHHOLD votes from Susan D. Desmond-Hellmann, M.D., M.P.H. for poor attendance.

1.2

Elect Director Paul Berg, Ph.D. --- For

1.3

Elect Director Susan D. Desmond-Hellmann, M.D. --- Withhold

1.4

Elect Director John D. Diekman, Ph.D. --- Withhold

1.5

Elect Director Vernon R. Loucks, Jr. --- For

1.6

Elect Director David B. Singer --- Withhold

1.7

Elect Director Robert H. Trice, Ph.D. --- For

1.8

Elect Director John A. Young --- For

2

Ratify Auditors

For

For

Mgmt

05/03/06 - A

AGL Resources Inc. *ATG*

001204106

02/24/06

88,022

1

Elect Directors

For

For

Mgmt

2

Approve Non-Employee Director Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 7.04 percent is above the allowable cap for this company of 5.28 percent.         In 2005, ISS implemented a modified policy in evaluating director equity plans. ISS considers the costs of equity plans including director plans and employee-based compensation plans in the binomial compensation model. If the total costs of the combined equity plans exceed the allowable cap, ISS will review the qualitative features of director compensation, taking into account (1) director stock ownership guidelines (2) vesting schedule (3) mix between cash and equity (4) retirement/benefit and perquisites programs (5) quality of disclosure.         In this case, the combined costs of the proposed director plan and the remaining equity plans available for grants exceed the allowable cap of 5.28 percent. In reviewing the qualitative features of director compensation of the company; (1) the company has adopted director stock ownership guidelines that require ownership by directors to be at least equal to five times the annual cash retainer (currently $300,000), (2) the stock grants under the proposed director plan would have a five-year holding period; unless termination of service or a change in control occurs earlier, (3) the company's mix between cash and equity is approximately 60 percent and 40 percent, respectively, under the old plan. The mix under the new plan appears to be 30 percent cash and 70 percent stock, (4) there are no retirement/benefit and perquisites programs, and (5) the 2006 annual proxy provides a tabular disclosure regarding director compensation. Although the proposed plan fails the cost-based analysis, it meets all of the aforementioned qualitative features. As such, we recommend a vote FOR the plan.

3

Ratify Auditors

For

For

Mgmt

05/09/06 - A

Agrium Inc. *AGU.*

008916108

03/14/06

111,691

1

Elect Directors

For

For

Mgmt

2

Ratify KPMG LLP as Auditors

For

For

Mgmt

04/27/06 - A

Alexander & Baldwin, Inc. *ALEX*

014482103

02/17/06

56,852

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/04/06 - A

American Medical Systems Holdings, Inc. *AMMD*

02744M108

03/22/06

186,141

1

Elect Directors

For

For

Mgmt

2

Reduce Authorized Common and Preferred Stock

For

For

Mgmt

We believe this proposal is in shareholders' best interests as it would simplify the company's capital structure and eliminate the company's ability to issue preferred stock.

3

Ratify Auditors

For

For

Mgmt

05/04/06 - A

AmerUs Group Co. *AMH*

03072M108

03/08/06

50,137

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 7.68 percent is within the allowable cap for this company of 7.77 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

06/28/06 - A

Apogee Enterprises, Inc. *APOG*

037598109

05/04/06

176,021

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 11.49 percent is within the allowable cap for this company of 11.64 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

05/10/06 - A

Aquantive, Inc. *AQNT*

03839G105

03/13/06

87,362

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/27/06 - A

Astec Industries, Inc. *ASTE*

046224101

02/17/06

80,820

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.44 percent is within the allowable cap for this company of 11.24 percent. Additionally, this plan expressly forbids repricing.

3

Other Business

For

Against

Mgmt

As we cannot know the content of these issues, we do not recommend that shareholders approve this request.

05/11/06 - A

Avista Corporation *AVA*

05379B107

03/10/06

212,798

1

Elect Directors

For

For

Mgmt

2

Approve Reorganization Plan

For

For

Mgmt

Note that shareholders have dissenters' rights, which would permit them to seek fair value for their shares in a court proceeding. In our opinion, shareholders should provide management with the flexibility that a holding company may offer in order to enhance its ability to increase shareholder returns.

3

Ratify Auditors

For

For

Mgmt

05/25/06 - A

BJ Wholesale Club, Inc *BJ*

05548J106

04/10/06

135,913

1

Elect Directors

For

For

Mgmt

2

Require a Majority Vote for the Election of Directors

Against

For

ShrHoldr

ISS Analysis and Vote Recommendation        ISS believes that proposals seeking majority vote requirements in boardroom elections generally warrant support. Director accountability is the hallmark of good governance. The board election process must ensure that shareholders' expressions of dissatisfaction with the performance of directors have meaningful consequences. A majority vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.         ISS views the current debate over the director election system in the U.S. as useful and timely and believes a variety of reform measures should be considered. On balance, we support adoption of the majority vote principle for electing directors but we believe that boards should have some latitude in designing a workable standard at this stage in the debate. If this proposal were presented as a binding agenda item, we would carefully consider the ramifications of implementation at the company. Moreover, if a company were to receive majority shareholder support on this proposal, we would look to the board to present a meaningful response to shareholders by creating a workable model for its own election system that is practical yet provides real accountability for shareholders. In response to this debate, several companies like Intel and Dell have adopted standards that give shareholders greater input in the process of director election, providing for a legal standard that keeps a newly appointed director off the board and requiring resignation in case of incumbent directors. Also, numerous companies have, as an alternative, adopted plurality system based director resignation policies.         In a December 2005 document entitled "Majority Elections: Questions and Answers on ISS 2006 Voting Policy", ISS noted that many companies have adopted director resignation policies which are intended to mitigate shareholder concerns about plurality voting standards. However, these resignation policies leave the power in the hands of the board to make a determination on the status of the director who fails to win shareholders' support. ISS' policy provides that three factors be considered when evaluating a majority voting proposal: (1) what measures the company has taken to address the director election issue; (2) why such measures provide a meaningful alternative to the majority voting standard (the burden of proof is on the board to articulate to shareholders why the alternative to a full majority-voting standard is the best structure at this time for boosting directors' accountability to shareholders); and (3) the company's governance features and history of accountability to shareholders. Note that the specific factors cited above are meant as a starting-point for formulating a policy on this issue. These elements are meant to provide boards with some broad guidance as to the 'bare minimum requirements' that directors must meet in order for ISS to even consider whether their proposed 'alternative' is equal to or better than a majority voting proposal.        The board believes that there are many impediments and complexities attached to the majority vote standard. Nevertheless, to date, ISS notes that many companies have adopted a majority voting standard.        With regard to BJ's Wholesale Club's governance features and accountability to shareholders, we note that BJ's Wholesale Club does have certain negative governance provisions. For example, under the company's certificate of incorporation, a supermajority vote of shareholders is required to amend certain provisions of the charter or bylaws, shareholders may not act by written consent, shareholders may not call special meetings, the board may amend the bylaws without shareholder approval, and the company has a classified board.        ISS advocates that the director election system give full effect to the shareholder franchise. ISS views director election reform as a multi-year, multi-step process. ISS' approach to the issue will likely evolve over time as the marketplace advances the debate. ISS feels that support for this proposal, coupled with continued debate on election reforms, will allow the director election system to evolve to the next level.

3

Ratify Auditors

For

For

Mgmt

05/24/06 - A

Black Hills Corp. *BKH*

092113109

04/05/06

88,232

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/25/06 - A

BOK Financial Corp. *BOKF*

05561Q201

03/01/06

59,813

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Gregory S. Allen --- For

We recommend a vote FOR the directors with the exception of insiders Stanley A. Lybarger, George B. Kaiser, V. Burns Hargis, Robert G. Greer, and C. Fred Ball, Jr., affiliated outsiders Chester Cadieux, III and E. Carey Joullian, IV, and independent outsider Paula Marshall-Chapman. We recommend that shareholders WITHHOLD votes from Paula Marshall-Chapman for poor attendance. We also recommend that shareholders WITHHOLD votes from E. Carey Joullian, IV and Chester Cadieux, III for standing as affiliated outsiders on the Audit Committee and for failure to establish an independent nominating committee. Lastly, we recommend that shareholders WITHHOLD votes from Stanley A. Lybarger, George B. Kaiser, V. Burns Hargis, Robert G. Greer and C. Fred Ball, Jr. for failure to establish an independent nominating committee.

1.2

Elect Director C. Fred Ball, Jr. --- Withhold

1.3

Elect Director Sharon J. Bell --- For

1.4

Elect Director Peter C. Boylan, III --- For

1.5

Elect Director Chester Cadieux, III --- Withhold

1.6

Elect Director Paula Marshall-Chapman --- Withhold

1.7

Elect Director William E. Durrett --- For

1.8

Elect Director Robert G. Greer --- Withhold

1.9

Elect Director David F. Griffin --- For

1.10

Elect Director V. Burns Hargis --- Withhold

1.11

Elect Director E. Carey Joullian, IV --- Withhold

1.12

Elect Director George B. Kaiser --- Withhold

1.13

Elect Director Judith Z. Kishner --- For

1.14

Elect Director Thomas L. Kivisto --- For

1.15

Elect Director David L. Kyle --- For

1.16

Elect Director Robert J. LaFortune --- For

1.17

Elect Director Stanley A. Lybarger --- Withhold

1.18

Elect Director Steven J. Malcolm --- For

2

Amend Stock Option Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 5.27 percent is within the allowable cap for this company of 7.60 percent.

05/04/06 - A

Cabot Oil & Gas Corp. *COG*

127097103

03/22/06

88,689

1

Elect Directors

For

For

Mgmt

2

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 40,000,000 shares, is below the allowable threshold of 80,000,000 shares. We recommend a vote FOR Item 2.

3

Ratify Auditors

For

For

Mgmt

4

Other Business

For

Against

Mgmt

As we cannot know the content of these issues, we do not recommend that shareholders approve this request.

06/14/06 - A

California Pizza Kitchen, Inc. *CPKI*

13054D109

04/26/06

129,029

1

Elect Directors

For

For

Mgmt

2

Approve Director and Officer Indemnification/Liability Provisions

For

For

Mgmt

ISS believes that the proposed liability protection of holding officers and directors to a duty of loyalty standard or requiring that they act in good faith is an effective compromise. In addition, courts have made it clear that grossly negligent actions by corporate servants will be condemned regardless of these shield statutes. These provisions have no effect on shareholders' ability to seek injunctive relief, which, if granted by the courts, would require management to refrain from proposed transactions. We believe that, in the long run, approval of the proposed indemnification is in shareholders' best interests.

3

Ratify Auditors

For

For

Mgmt

06/06/06 - A

Callaway Golf Co. *ELY*

131193104

04/07/06

274,007

1

Elect Directors

For

For

Mgmt

2

Amend Non-Employee Director Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 7.61 percent is within the allowable cap for this company of 10.48 percent. Additionally, this plan expressly forbids repricing.         The company's three year average burn rate of 4.49 percent is higher than its four-digit GICS peer group of 3.26 percent. Therefore, the company has failed ISS's three-year average burn rate policy. However, ISS' burn rate policy does not apply with respect to non-employee director plan proposals.

3

Ratify Auditors

For

For

Mgmt

04/17/06 - A

Cathay General Bancorp *CATY*

149150104

03/01/06

119,178

1

Elect Directors

For

For

Mgmt

04/27/06 - A

Cepheid *CPHD*

15670R107

03/14/06

223,390

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 13.22 percent is within the allowable cap for this company of 18.13 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

05/26/06 - A

Cerner Corp. *CERN*

156782104

03/31/06

92,164

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

06/22/06 - A

Charming Shoppes, Inc. *CHRS*

161133103

05/03/06

208,962

1

Elect Directors

For

For

Mgmt

05/09/06 - A

Cohu, Inc. *COHU*

192576106

03/14/06

134,430

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 12.34 percent is within the allowable cap for this company of 19.97 percent. Additionally, this plan expressly forbids repricing.

3

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.

4

Ratify Auditors

For

For

Mgmt

04/25/06 - A

Commercial Capital Bancorp, Inc. *CCBI*

20162L105

03/10/06

215,569

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/16/06 - A

Community Bank System, Inc. *CBU*

203607106

03/30/06

125,544

1

Elect Directors

For

For

Mgmt

05/09/06 - A

CompuCredit Corp *CCRT*

20478N100

03/17/06

73,700

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Gregory J. Corona --- For

We recommend a vote FOR the directors with the exception of independent outsider Nicholas G. Paumgarten and insider Richard R. House, Jr. We recommend that shareholders WITHHOLD votes from Nicholas G. Paumgarten and Richard R. House, Jr. for poor attendance.

1.2

Elect Director Richard W. Gilbert --- For

1.3

Elect Director David G. Hanna --- For

1.4

Elect Director Frank J. Hanna, III --- For

1.5

Elect Director Richard R. House, Jr. --- Withhold

1.6

Elect Director Deal W. Hudson --- For

1.7

Elect Director Mack F. Mattingly --- For

1.8

Elect Director Nicholas G. Paumgarten --- Withhold

1.9

Elect Director Thomas G. Rosencrants --- For

05/22/06 - A

Connetics Corp. *CNCT*

208192104

03/24/06

173,449

1

Elect Directors

For

For

Mgmt

2

Approve/Amend Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

3

Ratify Auditors

For

For

Mgmt

05/18/06 - A

Corporate Office Properties Trust, Inc. *OFC*

22002T108

03/15/06

204,848

1

Elect Directors

For

For

Mgmt

04/21/06 - A

CRA International Inc *CRAI*

12618T105

03/13/06

65,635

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 15.39 percent is within the allowable cap for this company of 16.34 percent. Additionally, this plan expressly forbids repricing.

05/01/06 - A

Cypress Semiconductor Corp. *CY*

232806109

03/09/06

160,451

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

Despite the reasonable offering period, ISS does not support this proposal because the additional shares would cause excessive voting power dilution.

06/06/06 - S

Duratek, Inc.

26658Q102

04/19/06

73,807

1

Approve Merger Agreement

For

For

Mgmt

In our analysis we considered that: 1) there was a positive market reaction and a market premium of 25.7 percent in the transaction; 2) there was no auction process, although the company rejected several previous offers from the bidder. Based on our review of the terms of the transaction and the factors described above, we believe that the merger agreement warrants shareholder support.

2

Adjourn Meeting

For

For

Mgmt

Where ISS is supportive of the underlying merger proposal, we are supportive of a narrowly-tailored adjournment proposal that seeks adjournment solely to solicit additional proxies to approve the transaction.

05/18/06 - A

Efunds Corporation *EFD*

28224R101

03/31/06

190,513

1

Elect Directors

For

For

Mgmt

2

Approve Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

3

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 14.43 percent is within the allowable cap for this company of 20.03 percent.

4

Ratify Auditors

For

For

Mgmt

04/26/06 - A

Energen Corp. *EGN*

29265N108

03/03/06

176,525

1

Elect Directors

For

For

Mgmt

05/01/06 - A

Exelixis, Inc *EXEL*

30161Q104

03/03/06

234,773

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/17/06 - A

FBL Financial Group, Inc. *FFG*

30239F106

03/15/06

13,870

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

Against

Mgmt

V. Vote Recommendation        We commend the company for expressly forbidding the repricing of stock options under the plan. However, the total cost of the company's plans of 18.84 percent is above the allowable cap for this company of 9.58 percent.

3

Ratify Auditors

For

For

Mgmt

05/17/06 - A

First Midwest Bancorp, Inc. *FMBI*

320867104

03/24/06

150,320

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

III. Vote Recommendation        The additional performance criteria proposed as well as adding an additional award type are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Moreover, preservation of the full deductibility under Section 162(m) of performance-based compensation paid to the company's executive officers reduces the company's corporate tax obligation.

04/25/06 - A

FMC Corp. *FMC*

302491303

03/01/06

50,960

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 11.40 percent is within the allowable cap for this company of 11.66 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

04/28/06 - A

GATX Corp. *GMT*

361448103

03/03/06

78,524

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/04/06 - A

IDEX Corp. *IEX*

45167R104

02/28/06

114,873

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/11/06 - A

Imax Corporation *IMX.*

45245E109

02/21/06

317,150

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Neil S. Braun to a Three-Year Term --- For

We recommend withholding votes from Garth M. Girvan because he is a current nominee who is an affiliated outside director on the board that is not majority independent and has no separate Nominating Committee and the entire board fulfills this responsibility.         Board composition and independence have become critical focal points for corporate governance improvements given the limited voice that shareholders have in the current director election process. Without independence from management, the board may be unwilling or unable to effectively set company strategy and scrutinize performance or executive compensation. National Policy 58-201 Corporate Governance Guidelines, recommends that: the board of directors have a majority of independent directors; that the Chair of the board should be an independent director; and that a Nominating Committee and a Compensation Committee composed entirely of independent directors be appointed. ISS believes that a majority of independent directors on the board as well as the existence of separate Audit, Compensation and Nominating board committees made up of a majority of independent directors are minimum requirements of an acceptable corporate governance structure to ensure independent oversight of management and accountability to shareholders.

1.2

Elect Director Kenneth G. Copland to a Three-Year Term --- For

1.3

Elect Director Garth M. Girvan to a Three-Year Term --- Withhold

2

Approve PriceWaterhouseCoopers LLP Auditors and Authorize Board to Fix Remuneration of Auditors

For

For

Mgmt

05/15/06 - A

Intevac, Inc. *IVAC*

461148108

03/22/06

75,923

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Norman H. Pond --- For

We recommend a vote FOR the directors with the exception of independent outsider Arthur L. Money. We recommend that shareholders WITHHOLD votes from Arthur L. Money for sitting on more than six boards.

1.2

Elect Director Kevin Fairbairn --- For

1.3

Elect Director David S. Dury --- For

1.4

Elect Director Stanley J. Hill --- For

1.5

Elect Director Robert Lemos --- For

1.6

Elect Director Arthur L. Money --- Withhold

1.7

Elect Director Ping Yang --- For

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 9.89 percent is within the allowable cap for this company of 17.03 percent. Additionally, this plan expressly forbids repricing.

3

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.

4

Ratify Auditors

For

For

Mgmt

05/19/06 - A

Intuitive Surgical Inc *ISRG*

46120E602

04/05/06

10,409

1

Elect Directors

For

For

Mgmt

06/14/06 - A

Inventiv Health, Inc. *VTIV*

922793104

05/05/06

123,096

1

Elect Directors

For

For

Mgmt

2

Change Company Name

For

For

Mgmt

Because it is unlikely that the name change would have a negative financial impact on the company, ISS recommends supporting the proposal.

3

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 12.62 percent is within the allowable cap for this company of 13.91 percent. Additionally, this plan expressly forbids repricing.

4

Ratify Auditors

For

For

Mgmt

05/22/06 - A

Jefferies Group, Inc *JEF*

472319102

04/03/06

111,798

1

Elect Directors

For

For

Mgmt

04/27/06 - A

John H. Harland Co. *JH*

412693103

03/09/06

99,539

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director S. William Antle III --- For

We recommend a vote FOR the directors with the exception of independent outsider John D. Johns. We recommend that shareholders WITHHOLD votes from John D. Johns for sitting on more than three boards.

1.2

Elect Director Robert J. Clanin --- For

1.3

Elect Director John Johns --- Withhold

1.4

Elect Director Eileen Rudden --- For

2

Ratify Auditors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 11.11 percent is within the allowable cap for this company of 12.48 percent. Additionally, this plan expressly forbids repricing.

05/12/06 - A

Kaydon Corp. *KDN*

486587108

03/14/06

88,860

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/24/06 - A

Knight Transportation, Inc. *KNX*

499064103

04/06/06

256,136

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

06/16/06 - A

LeapFrog Enterprises, Inc. *LF*

52186N106

04/18/06

355,800

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Steven B. Fink --- Withhold

We recommend a vote FOR the directors with the exception of insider Steven B. Fink. We recommend that shareholders WITHHOLD votes from Steven B. Fink for standing as an insider on the Compensation and Nominating committees.

1.2

Elect Director Jeffrey G. Katz --- For

1.3

Elect Director Thomas J. Kalinske --- For

1.4

Elect Director Stanley E. Maron --- For

1.5

Elect Director E. Stanton McKee, Jr. --- For

1.6

Elect Director David C. Nagel --- For

1.7

Elect Director Ralph R. Smith --- For

1.8

Elect Director Caden Wang --- For

2

Amend Non-Employee Director Omnibus Stock Plan

For

Against

Mgmt

V. Vote Recommendation        In 2005, ISS implemented a modified policy in evaluating director equity plans. ISS considers the costs of equity plans including director plans and employee-based compensation plans in the binomial compensation model. If the total costs of the combined equity plans exceed the allowable cap, ISS will review the qualitative features of director compensation, taking into account (i) director stock ownership guidelines (ii) vesting schedule (iii) mix between cash and equity (iv) retirement/benefit and perquisites programs (v) quality of disclosure.        In this case, the total cost of the company's plans of 10.66 percent is above the allowable cap for this company of 10.08 percent. In reviewing the qualitative features of direct compensation of Leapfrog Enterprise, there is no disclosure of director stock ownership guidelines.

3

Amend Omnibus Stock Plan

For

Against

Mgmt

VI. Vote Recommendation        The total cost of the company's plans of 12.63 percent is above the allowable cap for this company of 10.08 percent.

4

Ratify Auditors

For

For

Mgmt

04/20/06 - A

Lennox International, Inc. *LII*

526107107

02/27/06

76,493

1

Elect Directors

For

For

Mgmt

04/28/06 - A

Lincoln Electric Holdings, Inc. *LECO*

533900106

03/20/06

49,573

1

Elect Directors

For

For

Mgmt

1.1

Elect Director Harold L. Adams --- For

We recommend a vote FOR the directors.

1.2

Elect Director Robert J. Knoll --- For

1.3

Elect Director John M. Stropki, Jr. --- For

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 5.51 percent is within the allowable cap for this company of 9.72 percent. Additionally, this plan expressly forbids repricing. As such, we recommend a vote FOR item 2

3

Approve Non-Employee Director Restricted Stock Plan

For

For

Mgmt

VI. Vote Recommendation        The total cost of the company's plans of 2.19 percent is within the allowable cap for this company of 9.72 percent.

4

Ratify Auditors

For

For

Mgmt

04/06/06 - A

Longview Fibre Co. *LFB*

543213102

02/17/06

210,919

1

Elect Directors

For

For

Mgmt

05/31/06 - A

Matria Healthcare, Inc. *MATR*

576817209

04/13/06

53,194

1

Elect Directors

For

For

Mgmt

05/30/06 - A

Maxygen, Inc. *MAXY*

577776107

04/03/06

251,292

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

Against

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 28.24 percent exceeds the allowable cap for this company of 14.74 percent. Additionally, the company's three-year average burn rate of 6.21 percent is higher than its four-digit GICS peer group of 5.57 percent. Therefore, the company has also failed ISS's three-year average burn rate policy.

3

Ratify Auditors

For

For

Mgmt

04/27/06 - A

Media General, Inc. *MEG*

584404107

02/16/06

85,451

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 13.24 percent is within the allowable cap for this company of 14.73 percent. Additionally, this plan expressly forbids repricing.

05/09/06 - A/S

Methanex Corp. *MX.*

59151K108

03/13/06

169,280

1

Elect Directors

For

For

Mgmt

2

Ratify KPMG LLP as Auditors

For

For

Mgmt

3

Authorize Board to Fix Remuneration of Auditors

For

For

Mgmt

4

Amend Stock Option Plan

For

For

Mgmt

Pay For Performance        ISS has recently implemented a pay-for-performance assessment, looking for correlation between CEO's pay and the company's total shareholder return. Specifically if a company has negative one- and three-year fiscal total shareholder returns, and its CEO also had an increase in total direct compensation from the prior year, it would require closer scrutiny. If more than half of the increase in total direct compensation is attributable to equity compensation, ISS may recommend a vote against an equity-based compensation plan in which the CEO participates. The assessment applies to TSX Composite Index companies that have at least three fiscal years of stock price history and have had the same CEO in place for the past two fiscal years. Methanex's total shareholder returns for the one- and three-year periods were 2% and 22% respectively. CEO, Bruce Aitken received an estimated $1,748,000 in total direct compensation in 2005, which is a decrease of 34 percent over 2004 levels.         Vote Recommendation        The total cost of the company's plans of 1.96 percent is within the allowable cap for this company of 4.72 percent. Directors are not eligible for participation under the plan; thereby eliminating any discretionary director participation issues.

05/16/06 - A

Mid-America Apartment Communities, Inc. *MAA*

59522J103

03/17/06

67,112

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/26/06 - A

Millipore Corp. *MIL*

601073109

03/03/06

59,170

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 7.50 percent is within the allowable cap for this company of 10.84 percent. Additionally, this plan expressly forbids repricing.

06/28/06 - A

Mobile Mini, Inc. *MINI*

60740F105

05/02/06

95,177

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.68 percent is within the allowable cap for this company of 13.49 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

06/09/06 - A

Oakley, Inc. *OO*

673662102

03/31/06

321,662

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Jim Jannard --- For

We recommend a vote FOR the directors with the exception of independent outsiders Colombe Nicholas, Mike Puntoriero, and Tom Davin. We recommend that shareholders WITHHOLD votes from Audit Committee members Colombe Nicholas, Mike Puntoriero, and Tom Davin for paying excessive non-audit fees.

1.2

Elect Director D. Scott Olivet --- For

1.3

Elect Director Link Newcomb --- For

1.4

Elect Director Tom Davin --- Withhold

1.5

Elect Director Mary George --- For

1.6

Elect Director Mike Puntoriero --- Withhold

1.7

Elect Director Greg Trojan --- For

1.8

Elect Director Colombe Nicholas --- Withhold

1.9

Elect Director Frits Van Paasschen --- For

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.46 percent is within the allowable cap for this company of 13.17 percent.

3

Amend Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

4

Ratify Auditors

For

Against

Mgmt

05/12/06 - A

Oceaneering International, Inc. *OII*

675232102

03/20/06

90,001

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/18/06 - A

Oil States International Inc. *OIS*

678026105

04/07/06

89,786

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/27/06 - A

OMI Corporation - New *OMM*

Y6476W104

03/10/06

233,216

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 6.05 percent is within the allowable cap for this company of 8.30 percent. Additionally, this plan expressly forbids repricing.

04/27/06 - A

Orbital Sciences Corp. *ORB*

685564106

03/08/06

158,642

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/28/06 - A

Owens & Minor, Inc. *OMI*

690732102

03/02/06

134,865

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Other Business

For

Against

Mgmt

As we cannot know the content of these issues, we do not recommend that shareholders approve this request.

05/23/06 - A

Pacific Capital Bancorp *PCBC*

69404P101

03/24/06

80,728

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/17/06 - A

Pacific Sunwear of California, Inc. *PSUN*

694873100

04/03/06

43,755

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/16/06 - A

Peets Coffee & Tea Inc *PEET*

705560100

03/27/06

124,917

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/25/06 - A

Polycom, Inc. *PLCM*

73172K104

04/05/06

99,970

1

Elect Directors

For

For

Mgmt

1.1

Elect Director Robert C. Hagerty --- For

We recommend a vote FOR the directors.

1.2

Elect Director Michael R. Kourey --- For

1.3

Elect Director Betsy S. Atkins --- For

1.4

Elect Director John Seely Brown --- For

1.5

Elect Director David G. DeWalt --- For

1.6

Elect Director Durk I. Jager --- For

1.7

Elect Director John A. Kelley, Jr. --- For

1.8

Elect Director Stanley J. Meresman --- For

1.9

Elect Director William A. Owens --- For

1.10

Elect Director Kevin T. Parker --- For

1.11

Elect Director Thomas G. Stemberg --- For

2

Ratify Auditors

For

For

Mgmt

04/20/06 - A

Progress Software Corp. *PRGS*

743312100

02/24/06

73,429

1

Fix Number of and Elect Directors

For

For

Mgmt

2

Elect Directors

For

Split

Mgmt

2.1

Elect Director Joseph W. Alsop --- For

We recommend a vote FOR the directors with the exception of independent outsider Scott A. McGregor. We recommend that shareholders WITHHOLD votes from Scott A. McGregor for poor attendance.

2.2

Elect Director Roger J. Heinen, Jr. --- For

2.3

Elect Director Michael L. Mark --- For

2.4

Elect Director Scott A. Mcgregor --- Withhold

2.5

Elect Director Amram Rasiel --- For

3

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 19.62 percent is within the allowable cap for this company of 20.11 percent. Additionally, this plan expressly forbids repricing.

06/22/06 - A

Progressive Gaming International Inc *PGIC*

74332S102

05/09/06

208,436

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/24/06 - A

Quanta Services, Inc. *PWR*

74762E102

03/27/06

85,307

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/23/06 - A

Raven Industries, Inc. *RAVN*

754212108

04/06/06

102,747

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Anthony W. Bour --- For

We recommend a vote FOR the directors with the exception of affiliated outsider David A. Christensen. We recommend that shareholders WITHHOLD votes from David A. Christensen for standing as an affiliated outsider on the Compensation and Nominating committees.

1.2

Elect Director David A. Christensen --- Withhold

1.3

Elect Director Thomas S. Everist --- For

1.4

Elect Director Mark E. Griffin --- For

1.5

Elect Director Conrad J. Hoigaard --- For

1.6

Elect Director Cynthia H. Milligan --- For

1.7

Elect Director Ronald M. Moquist --- For

2

Approve Deferred Compensation Plan

For

For

Mgmt

V. Vote Recommendation Based on ISS analysis, the total cost of the company's plans is 2.96 percent, which is within the allowable cap for this company of 12.98 percent.

05/17/06 - A

Secure Computing Corp. *SCUR*

813705100

03/21/06

149,448

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 12.99 percent is within the allowable cap for this company of 20.12 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

04/26/06 - A

Selective Insurance Group, Inc. *SIGI*

816300107

03/10/06

64,539

1

Elect Directors

For

For

Mgmt

2

Approve Nonqualified Employee Stock Purchase Plan

For

For

Mgmt

Agency stock purchase plans enable agencies to become shareholders, which gives them a stake in the company's growth. Stock purchase plans are beneficial only when they are well balanced and in the best interests of all shareholders. From a shareholder's perspective, the dollar limitation on purchases is reasonable and there are caps placed on the agency's stock purchases (expressed as level of written premium). ISS approve of this item because the number of share being added is relatively conservative and there are limitations on participation.

3

Ratify Auditors

For

For

Mgmt

04/25/06 - A

Sonosite Inc. *SONO*

83568G104

03/08/06

52,660

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/25/06 - A

Southwestern Energy Co. *SWN*

845467109

03/24/06

124,004

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Change State of Incorporation [From Arkansas to Delaware]

For

Against

Mgmt

On balance, we believe that the reincorporation would be adverse in terms of its impact on shareholders' rights. As such, the reincorporation does not warrant shareholder support.

4

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 320,000,000 shares is below the allowable threshold of 451,000,000 shares.

06/01/06 - A

Stage Stores, Inc. *SSI*

85254C305

04/05/06

109,433

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/28/06 - A

Stewart Information Services Corp. *STC*

860372101

02/28/06

60,309

1

Elect Directors

For

For

Mgmt

05/03/06 - A

Strayer Education, Inc. *STRA*

863236105

03/17/06

26,160

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Repricing of Options

For

For

Mgmt

In this case, the value of the restricted stock being granted is lower than the stock options that would be cancelled under the option exchange program. Therefore, the program is in the advantage of shareholders. Additionally, the proposed program requires at least 24 months of continued vesting and it excludes executive officers. Therefore, ISS believes that this item warrants shareholder support.

4

Amend Omnibus Stock Plan

For

For

Mgmt

The additional performance criteria proposed as well as establishing award limits and adding an additional award type are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Moreover, preservation of the full deductibility under Section 162(m) of performance-based compensation paid to the company's executive officers reduces the company's corporate tax obligation.

05/09/06 - A

Swift Energy Co. *SFY*

870738101

03/22/06

59,440

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.98 percent is equal to the allowable cap for this company of 8.98 percent. In addition, the plan expressly prohibits repricing.

3

Ratify Auditors

For

For

Mgmt

05/25/06 - A

Symyx Technologies, Inc. *SMMX*

87155S108

03/27/06

145,801

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/02/06 - A

TETRA Technologies, Inc. *TTI*

88162F105

03/03/06

80,971

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Paul D. Coombs --- For

We recommend a vote FOR the directors with the exception of affiliated outsider Allen T. McInnes. We recommend that shareholders WITHHOLD votes from Allen T. McInnes for standing as an affiliated outsider on the Audit and Nominating committees.

1.2

Elect Director Allen T. Mcinnes --- Withhold

1.3

Elect Director J. Taft Symonds --- For

2

Ratify Auditors

For

For

Mgmt

3

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 30,000,000 shares is below the allowable threshold of 63,000,000 shares. We recommend a vote FOR Item 3.

4

Amend Articles to Declassify the Board of Directors and Remove Directors Without Cause

For

For

Mgmt

ISS commends management for submitting this proposal, which demonstrates a commitment to shareholders' interests.

5

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.33 percent is within the allowable cap for this company of 8.37 percent. Although the company's historical three-year burn rate of 3.03 percent fails its industry threshold of 2.5 percent, the company has made a forward commitment to issue awards to no more than an average of 2.5 percent of common shares outstanding for 2006, 2007 and 2008.

04/24/06 - A

Texas Regional Bankshares, Inc. *TRBS*

882673106

03/01/06

95,298

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Morris Atlas --- For

We recommend a vote FOR the directors with the exception of independent outsider Robert F. Boggus. We recommend that shareholders WITHHOLD votes from Robert F. Boggus for poor attendance.

1.2

Elect Director Robert F. Boggus --- Withhold

1.3

Elect Director Robert R. Farris --- For

1.4

Elect Director Hill A. Feinberg --- For

1.5

Elect Director C.K. Landrum, M.D. --- For

1.6

Elect Director David L. Lane --- For

1.7

Elect Director Jack H. Mayfield, Jr. --- For

1.8

Elect Director Joe Penland, Sr. --- For

1.9

Elect Director Joseph E. Reid --- For

1.10

Elect Director Glen E. Roney --- For

1.11

Elect Director Tudor G. Uhlhorn --- For

1.12

Elect Director Walter Umphrey --- For

1.13

Elect Director Mario Max Yzaguirre --- For

2

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 4.87 percent is within the allowable cap for this company of 8.71 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

04/24/06 - A

The Lubrizol Corp. *LZ*

549271104

03/03/06

136,540

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

06/21/06 - A

The Mens Wearhouse, Inc. *MW*

587118100

05/03/06

143,171

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director George Zimmer --- For

We recommend a vote FOR the directors with the exception of independent outsider Kathleen Mason. We recommend that shareholders WITHHOLD votes from Kathleen Mason for sitting on more than three boards.

1.2

Elect Director David H. Edwab --- For

1.3

Elect Director Rinaldo S. Brutoco --- For

1.4

Elect Director Michael L. Ray, Ph.D. --- For

1.5

Elect Director Sheldon I. Stein --- For

1.6

Elect Director Kathleen Mason --- Withhold

1.7

Elect Director Deepak Chopra, M.D. --- For

1.8

Elect Director William B. Sechrest --- For

04/27/06 - A

The Midland Co. *MLAN*

597486109

03/03/06

63,685

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Michael J. Conaton --- For

We recommend a vote FOR the directors with the exception of affiliated outsider William J. Keating, Jr. We recommend that shareholders WITHHOLD votes from William J. Keating, Jr. for standing as an affiliated outsider on the Compensation and Nominating committees.

1.2

Elect Director John R. Labar --- For

1.3

Elect Director Jerry A. Grundhofer --- For

1.4

Elect Director Richard M. Norman --- For

1.5

Elect Director Joseph P. Hayden III --- For

1.6

Elect Director Rene J. Robichaud --- For

1.7

Elect Director William J. Keating, Jr. --- Withhold

2

Ratify Auditors

For

For

Mgmt

3

Approve Stock Option Plan

For

Against

Mgmt

IV. Vote Recommendation        The total cost of the company's plans of 10.67 percent is above the allowable cap for this company of 9.97 percent.

05/03/06 - A

Thomas & Betts Corp. *TNB*

884315102

03/06/06

98,045

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

05/25/06 - A

Thoratec Corp. *THOR*

885175307

04/18/06

52,608

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 8.16 percent is within the allowable cap for this company of 12.33 percent. Additionally, this plan expressly forbids repricing.

05/18/06 - A

Trimble Navigation Ltd. *TRMB*

896239100

03/20/06

106,463

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Steven W. Berglund --- For

We recommend a vote FOR the directors with the exception of affiliated outsider John B. Goodrich. We recommend that shareholders WITHHOLD votes from John B. Goodrich for standing as an affiliated outsider on the Compensation and Nominating committees.

1.2

Elect Director Robert S. Cooper --- For

1.3

Elect Director John B. Goodrich --- Withhold

1.4

Elect Director William Hart --- For

1.5

Elect Director Ulf J. Johansson, Ph.D. --- For

1.6

Elect Director Bradford W. Parkinson --- For

1.7

Elect Director Nickolas W. Vande Steeg --- For

2

Amend Stock Option Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 12.10 percent is within the allowable cap for this company of 18.03 percent. Additionally, this plan expressly forbids repricing.

3

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.

4

Ratify Auditors

For

For

Mgmt

05/31/06 - A

TriPath Imaging, Inc. *TPTH*

896942109

04/07/06

166,488

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 13.38 percent is within the allowable cap for this company of 15.91 percent. Additionally, this plan expressly forbids repricing.

3

Amend Non-Employee Director Stock Option Plan

For

For

Mgmt

VI. Vote Recommendation        The total cost of the company's plans of 9.91 percent is within the allowable cap for this company of 15.91 percent. Additionally, this plan expressly forbids repricing.

4

Ratify Auditors

For

For

Mgmt

05/03/06 - A

Unit Corporation *UNT*

909218109

03/06/06

56,525

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 100,000,000 shares, is below the allowable threshold of 112,500,000 shares.

4

Increase Authorized Preferred Stock

For

Against

Mgmt

In this case, management has not specifically stated that the shares may not be used for antitakeover purposes. When a company fails to provide a specific financing purpose for the shares, the possibility that they will be used for management entrenchment purposes outweighs any potential benefits that they would bring. Further, the company already has preferred stock authorized and has issued none. In the absence of a more compelling reason to increase the authorization, there is no legitimate reason to do so.

5

Approve Omnibus Stock Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 5.34 percent is within the allowable cap for this company of 6.84 percent. Additionally, this plan expressly forbids repricing.

05/15/06 - A

United Bankshares, Inc. *UBSI*

909907107

03/27/06

112,780

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Richard M. Adams --- For

We recommend a vote FOR the directors with the exception of independent outsiders Theodore J. Georgelas and W. Gaston Caperton, III. We recommend that shareholders WITHHOLD votes from Theodore J. Georgelas and W. Gaston Caperton, III for poor attendance.

1.2

Elect Director Robert G. Astorg --- For

1.3

Elect Director Thomas J. Blair, III --- For

1.4

Elect Director W. Gaston Caperton, III --- Withhold

1.5

Elect Director Lawrence K. Doll --- For

1.6

Elect Director Theodore J. Georgelas --- Withhold

1.7

Elect Director F.T. Graff, Jr. --- For

1.8

Elect Director Russell L. Isaacs --- For

1.9

Elect Director John M. McMahon --- For

1.10

Elect Director J. Paul McNamara --- For

1.11

Elect Director G. Ogden Nutting --- For

1.12

Elect Director William C. Pitt, III --- For

1.13

Elect Director I.N. Smith, Jr. --- For

1.14

Elect Director Mary K. Weddle --- For

1.15

Elect Director P. Clinton Winter, Jr. --- For

2

Approve Stock Option Plan

For

For

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 2.54 percent is within the allowable cap for this company of 8.48 percent. Additionally, this plan expressly forbids repricing.

3

Ratify Auditors

For

For

Mgmt

4

Other Business

For

Against

Mgmt

As we cannot know the content of these issues, we do not recommend that shareholders approve this request.

04/19/06 - A

Universal Forest Products, Inc. *UFPI*

913543104

03/01/06

50,845

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/24/06 - A

Valmont Industries, Inc. *VMI*

920253101

03/01/06

19,482

1

Elect Directors

For

For

Mgmt

2

Approve Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

3

Ratify Auditors

For

For

Mgmt

05/18/06 - A

Witness Systems, Inc. *WITS*

977424100

03/31/06

84,495

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

04/20/06 - A

Wolverine World Wide, Inc. *WWW*

978097103

03/01/06

222,209

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

Name of Fund: Frontegra IronBridge SMID Fund Period: 7/1/05 - 6/30/06

Mtg

Company/

Mgmt

Vote

Record

Shares

Date/Type

Ballot Issues

Security

Rec

Cast

Date

Prpnent

Voted

07/27/05 - A

McKesson Corp. *MCK*

58155Q103

05/31/05

10,300

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

3

Approve Executive Incentive Bonus Plan

For

For

Mgmt

4

Ratify Auditors

For

For

Mgmt

5

Separate Chairman and CEO Positions

Against

For

ShrHoldr

07/28/05 - A

American Superconductor Corp. *AMSC*

030111108

06/08/05

40,000

1

Elect Directors

For

Split

Mgmt

1.1

Elect Directors Gregory J. Yurek --- For

1.2

Elect Directors Albert J. Baciocco, Jr. --- For

1.3

Elect Directors Vikram S. Budhraja --- For

1.4

Elect Directors Peter O. Crisp --- For

1.5

Elect Directors Richard Drouin --- For

1.6

Elect Directors Andrew G.C. Sage, Ii --- For

1.7

Elect Directors John B. Vander Sande --- Withhold

2

Ratify Auditors

For

For

Mgmt

08/19/05 - A

The J. M. Smucker Co. *SJM*

832696405

06/20/05

12,100

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Adjourn Meeting

For

Against

Mgmt

09/09/05 - A

ViaSat, Inc. *VSAT*

92552V100

07/18/05

26,179

1

Elect Directors

For

For

Mgmt

2

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

09/14/05 - S

ProLogis *PLD*

743410102

08/08/05

16,130

1

Issue Shares in Connection with an Acquisition

For

For

Mgmt

09/21/05 - A

Darden Restaurants, Inc. *DRI*

237194105

07/25/05

13,850

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

10/18/05 - A

Synaptics, Inc. *SYNA*

87157D109

09/01/05

13,788

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

10/27/05 - A

SEAGATE TECHNOLOGY *STX*

G7945J104

09/02/05

32,230

1

Elect Directors

For

Split

Mgmt

1..1

Elect William W. Bradley as Director --- For

1.2

Elect James G. Coulter as Director --- Withhold

1.3

Elect James A. Davidson as Director --- Withhold

1.4

Elect Glenn H. Hutchins as Director --- Withhold

1.5

Elect Donald E. Kiernan as Director --- For

1.6

Elect Stephen J. Luczo as Director --- Withhold

1.7

Elect David F. Marquardt as Director --- Withhold

1.8

Elect Lydia M. Marshall as Director --- For

1.9

Elect Gregorio Reyes as Director --- For

1.10

Elect John W. Thompson as Director --- Withhold

1.11

Elect William D. Watkins as Director --- Withhold

2

Ratify Ernst & Young as Auditors

For

For

Mgmt

10/28/05 - A

Harris Corp. *HRS*

413875105

08/31/05

21,140

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

3

Approve/Amend Executive Incentive Bonus Plan

For

For

Mgmt

4

Ratify Auditors

For

For

Mgmt

10/28/05 - A

Perrigo Co. *PRGO*

714290103

09/02/05

13,030

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

10/31/05 - S

PRECISION DRILLING TRUST (frmly Precision Drilling Corp) *PD.U*

74022D100

09/30/05

8,700

1

Approve Plan of Arrangement to Convert to Trust

For

For

Mgmt

11/02/05 - A

Harman International Industries, Inc. *HAR*

413086109

09/08/05

6,455

1

Elect Directors

For

For

Mgmt

11/03/05 - A

Barr Pharmaceuticals Inc *BRL*

068306109

09/09/05

9,160

1

Elect Directors

For

For

Mgmt

2

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

3

Ratify Auditors

For

For

Mgmt

4

Eliminate Animal Testing

Against

Against

ShrHoldr

11/10/05 - A

Education Management Corp. *EDMC*

28139T101

09/23/05

20,281

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

3

Ratify Auditors

For

For

Mgmt

11/14/05 - S

Mercury Computer Systems, Inc. *MRCY*

589378108

09/23/05

19,734

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

11/15/05 - A

Respironics, Inc. *RESP*

761230101

10/03/05

12,200

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Approve Omnibus Stock Plan

For

For

Mgmt

11/22/05 - A

Openwave Systems, Inc. *OPWV*

683718308

10/14/05

40,940

1

Elect Directors

For

For

Mgmt

2

Amend Omnibus Stock Plan

For

For

Mgmt

3

Ratify Auditors

For

For

Mgmt

01/26/06 - A

Alberto-Culver Co. *ACV*

013068101

12/01/05

6,500

1

Elect Directors

For

For

Mgmt

1.1

Elect Director Carol L. Bernick --- For

We recommend a vote FOR the directors.

1.2

Elect Director Jim Edgar --- For

1.3

Elect Director Leonard H. Lavin --- For

1.4

Elect Director Robert H. Rock --- For

01/31/06 - A

Becton, Dickinson and Company *BDX*

075887109

12/07/05

13,940

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Report on Toxic Chemicals

Against

Against

ShrHoldr

ISS believes that Becton Dickinson's current level of disclosure is inadequate and we encourage the company to provide thorough insight into its policies on PBTs and how such policies may impact the company's global operations and protect shareholder value. However, we are concerned about the scope of this resolution, particularly the aspects dealing with substitution. As such, while ISS believes that the company could benefit from increased disclosure of its policies, we do not believe that shareholder support for this resolution is warranted at this time.

4

Provide for Cumulative Voting

Against

For

ShrHoldr

The company does not have an annually elected board (the board is classified) and therefore fails to meet all of the aforementioned corporate governance and performance criteria. Accordingly, this cumulative voting proposal warrants shareholder support at this time.

02/16/06 - S

Celgene Corp. *CELG*

151020104

01/17/06

7,200

1

Increase Authorized Common Stock

For

For

Mgmt

The requested increase of 300,000,000 shares is below the allowable threshold of 420,000,000 shares.

02/06/06 - A

Fair Isaac Corp. *FIC*

303250104

12/09/05

10,590

1

Elect Directors

For

For

Mgmt

1.1

Elect Director A. George Battle --- For

We recommend a vote FOR the directors.

1.2

Elect Director Andrew Cecere --- For

1.3

Elect Director Tony J. Christianson --- For

1.4

Elect Director Thomas G. Grudnowski --- For

1.5

Elect Director Alex W. Hart --- For

1.6

Elect Director Guy R. Henshaw --- For

1.7

Elect Director William J. Lansing --- For

1.8

Elect Director Margaret L. Taylor --- For

2

Ratify Auditors

For

For

Mgmt

02/28/06 - A

Headwaters Incorporated *HW*

42210P102

01/11/06

14,900

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

02/01/06 - A

Hewitt Associates, Inc. *HEW*

42822Q100

12/05/05

31,975

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Bryan J. Doyle --- For

We recommend a vote FOR the directors with the exception of independent outsider Michele M. Hunt. We recommend that shareholders WITHHOLD votes from Michele M. Hunt for poor attendance.

1.2

Elect Director Julie S. Gordon --- For

1.3

Elect Director Michele M. Hunt --- Withhold

1.4

Elect Director Cary D. McMillan --- For

2

Ratify Auditors

For

For

Mgmt

01/31/06 - A

Hormel Foods Corp. *HRL*

440452100

12/05/05

8,700

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Amend Omnibus Stock Plan

For

Against

Mgmt

V. Vote Recommendation        The total cost of the company's plans of 9.91 percent is above the allowable cap for this company of 8.59 percent.

4

Report on Feasibility of Improving Animal Welfare Standards

Against

Against

ShrHoldr

In the case of Hormel Foods, ISS notes that the company does not appear to provide detailed information on its company website regarding CAK or animal welfare policies in general. We believe that the company should improve its disclosure on animal welfare; however, the procedures implemented by the company's poultry facilities have not been the subject of recent, significant controversy, and appear to be consistent with industry standards and applicable regulations. ISS further notes that the company has implemented the use of controlled atmosphere technology at three of its four poultry facilities in an effort to ensure humane handling of the animals. Therefore, while ISS agrees with the proponent that the company's current disclosure is inadequate, we believe that the steps take by Hormel to adopt CAK methods is evidence that the company is actively considering animal welfare in its operations. As such, we do not believe that further evaluation and reporting on this issue is necessary at this time.

03/20/06 - S

Jefferson-Pilot Corp.

475070108

02/03/06

14,100

1

Approve Merger Agreement

For

For

Mgmt

Since Lincoln National's stock price has appreciated from $50.73 per share on Oct. 7, 2005, the last trading day prior to announcement, to $55.64 per share as of March 3, 2006, the consideration that Jefferson Pilot shareholders will receive as a result of the consummation of the merger has also increased.         Management and the board of directors viewed the following factors as deciding before approving the merger transaction:        1. The strategic nature of the merger, which will combine highly complementary businesses to create a resulting company with leadership positions in life, annuity and group market benefits;        2. Because the exchange ratio for the stock is fixed, the opportunity for Jefferson-Pilot shareholders who receive LNC common stock as merger consideration to benefit from any increase in the trading price of LNC common stock between the announcement of the merger and the closing of the merger; and        3. The analysis of the business, operations, financial condition, earnings and prospects for both Jefferson-Pilot and LNC, including the results of Jefferson-Pilot's due diligence review of LNC and its business.        Based on our review of the terms of the transaction and the factors described above, in particular the premium shareholders will receive based on the offer price as of March 3, 2006, we believe that the merger agreement warrants shareholder support.

2

Adjourn Meeting

For

For

Mgmt

02/23/06 - A

Joy Global, Inc. *JOYG*

481165108

01/06/06

9,100

1

Elect Directors

For

Split

Mgmt

1.1

Elect Director Steven L. Gerard --- Withhold

We recommend a vote FOR the directors with the exception of independent outsider Steven L. Gerard. We recommend that shareholders WITHHOLD votes from Steven L. Gerard for sitting on more than three boards.

1.2

Elect Director John Nils Hanson --- For

1.3

Elect Director Ken C. Johnsen --- For

1.4

Elect Director James R. Klauser --- For

1.5

Elect Director Richard B. Loynd --- For

1.6

Elect Director P. Eric Siegert --- For

1.7

Elect Director James H. Tate --- For

02/16/06 - A

National Fuel Gas Co. *NFG*

636180101

12/19/05

10,740

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

3

Amend Non-Employee Director Compensation

Against

Against

ShrHoldr

With increased responsibilities to protect companies and their shareholders, the role of a director has evolved significantly in recent years. Sarbanes Oxley and heightened scrutiny for internal controls have resulted in more hours for directors. As a result, director compensation at many companies has increased. Based on the analysis, in this case, it appears that director compensation was not out of line with peers. Therefore, at this time, in the absence of compelling evidence of abusive director compensation practices, we recommend against this proposal.

02/07/06 - A

Oshkosh Truck Corp. *OSK*

688239201

12/12/05

18,870

1

Elect Directors

For

For

Mgmt

2

Ratify Auditors

For

For

Mgmt

02/09/06 - A

Varian Semiconductor Equipment Associates, Inc. *VSEA*

922207105

12/12/05

14,417

1

Elect Directors

For

For

Mgmt

2

Approve Omnibus Stock Plan

For

For

Mgmt

3

Approve Executive Incentive Bonus Plan

For

For

Mgmt

The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.

4

Amend Qualified Employee Stock Purchase Plan

For

For

Mgmt

ISS approves of this plan because it complies with Section 423 of the Internal Revenue Code, the number of shares being reserved is relatively conservative, the offering period is reasonable, and there are limits on participation.

5

Ratify Auditors

For

For

Mgmt

05/05/06 - A	Advanced Micro Devices, Inc. *AMD*			007903107			03/06/06	23,472
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 11.56 percent is within the allowable cap for this company of 12.42 percent. Additionally, this plan expressly forbids repricing.
	4	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
	5	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
05/31/06 - A	Affiliated Managers Group, Inc. *AMG*			008252108			04/19/06	10,350
	1	Elect Directors			For	For		Mgmt
	2	Approve Stock Option Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 10.50 percent is within the allowable cap for this company of 12.39 percent. Additionally, this plan expressly forbids repricing.
	3	Increase Authorized Common Stock			For	For		Mgmt
			The requested increase of 70,000,000 shares is below the allowable threshold of 112,000,000 shares.
	4	Ratify Auditors			For	For		Mgmt
06/15/06 - A	Affymetrix Inc. *AFFX*			00826T108			04/20/06	25,780
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Stephen P.A. Fodor, Ph.D. --- For
			We recommend a vote FOR the directors with the exception of affiliated outsiders David B. Singer and John D. Diekman, Ph.D., and independent outsider Susan D. Desmond-Hellmann, M.D., M.P.H. We recommend that shareholders WITHHOLD votes from David B. Singer for standing as an affiliated outsider on the Audit Committee. We also recommend that shareholders WITHHOLD votes from John D. Diekman, Ph.D. for standing as an affiliated outsider on the Audit and Nominating committees. Lastly, we recommend that shareholders WITHHOLD votes from Susan D. Desmond-Hellmann, M.D., M.P.H. for poor attendance.
	1.2	Elect Director Paul Berg, Ph.D. --- For
	1.3	Elect Director Susan D. Desmond-Hellmann, M.D. --- Withhold
	1.4	Elect Director John D. Diekman, Ph.D. --- Withhold
	1.5	Elect Director Vernon R. Loucks, Jr. --- For
	1.6	Elect Director David B. Singer --- Withhold
	1.7	Elect Director Robert H. Trice, Ph.D. --- For
	1.8	Elect Director John A. Young --- For
	2	Ratify Auditors			For	For		Mgmt
05/09/06 - A	Agrium Inc. *AGU.*			008916108			03/14/06	25,453
	1	Elect Directors			For	For		Mgmt
	2	Ratify KPMG LLP as Auditors			For	For		Mgmt
04/27/06 - A	Alexander & Baldwin, Inc. *ALEX*			014482103			02/17/06	18,477
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/11/06 - A	Allegheny Energy, Inc. *AYE*			017361106			03/16/06	26,998
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Stock Retention			Against	For		ShrHoldr
			ISS recognizes that the company has recently implemented stock ownership guidelines. Directors' guidelines are fairly rigorous and directors must hold six times their annual cash retainer in stock. However, we believe that the stock ownership guidelines for executives are not rigorous enough and should go beyond the standard three times salary for CEOs. Further, the company does not have a retention ratio nor a holding period requirement. As such, we believe this proposal warrants shareholder support.
	4	Separate Chairman and CEO Positions			Against	For		ShrHoldr
			Absent an offsetting governance structure, we believe that a company of this size should be able to find a qualified independent director willing to serve as chairman.
	5	Require Director Nominee Qualifications			Against	Against		ShrHoldr
			Given that the company already has acceptable governance standards in place with respect to director qualifications and fully independent key board committees, adopting a policy as suggested by the proponent appears unwarranted and would not add additional value to shareholders at this time.
	6	Performance-Based/Indexed Options			Against	For		ShrHoldr
			The proposal requests that a significant portion of future stock option grants to senior executives shall be performance-based. ISS believes that this is not unduly restrictive. Based on the available public disclosure, we could not directly link any of the stock option grants or other equity grants to performance metrics. As such, we support this proposal.
	7	Eliminate or Restrict Severance Agreements (Change-in-Control)			Against	For		ShrHoldr
			ISS recognizes that implementation of this policy may be difficult. However, we note that this proposal is somewhat similar to the severance/change-in-control proposal, whereby a company will seek shareholder approval for future severance agreements with senior executives that could provide benefits in an amount exceeding 2.99 times the sum of the executive's base salary and bonus. Currently, the company does not have a policy to seek shareholder approval on excessive severance/change-in-control payments. In supporting the spirit of the proposal, ISS believes that the company can implement a policy on seeking shareholder approval for excessive severance/change-in-control payments.
	8	Claw-back of Payments under Restatements			Against	For		ShrHoldr
			ISS believes that the company has not fundamentally addressed the proponent's key concerns. ISS believes this proposal warrants shareholder vote and we recommend a vote FOR.
	9	Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote			Against	Against		ShrHoldr
			In the case of Allegheny Energy, we note that a formal policy regarding the adoption of a pill has been established in response to shareholder concerns. We believe that the 12-month period is a reasonable time period to seek shareholder approval and the request of reducing it to four months appears to be unnecessary. ISS commends the company for taking this positive step towards better corporate governance by adopting this policy and terminating the company's previous poison pill. As such, we recommend shareholders do not support this item.
06/08/06 - A	American Power Conversion Corp. *APCC*			029066107			04/13/06	62,955
	1	Fix Number of Directors			For	For		Mgmt
			ISS believes that the proposed change is minor and that it is not motivated by a desire to entrench management.
	2	Elect Directors			For	For		Mgmt
	3	Ratify Auditors			For	For		Mgmt
	4	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this amendment because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
04/25/06 - A	AMETEK, Inc. *AME*			031100100			03/10/06	22,100
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/20/06 - A	AmSouth Bancorporation *ASO*			032165102			02/21/06	29,290
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Approve Omnibus Stock Plan			For	Against		Mgmt
			V. Vote Recommendation        Although the total cost of the company's plans of 7.05 percent is within the allowable cap for this company of 7.45 percent, and the plan expressly forbids repricing, the company's three year average burn rate of 2.82 percent is higher than its four-digit GICS peer group of 2.46 percent. Therefore, the company has failed ISS's three-year average burn rate policy.
	4	Report on Political Contributions			Against	For		ShrHoldr
	5	Amend EEO Statement to Prohibit Discrimination Based on Sexual Orientation			Against	For		ShrHoldr
05/25/06 - A	BJ Wholesale Club, Inc *BJ*			05548J106			04/10/06	36,517
	1	Elect Directors			For	For		Mgmt
	2	Require a Majority Vote for the Election of Directors			Against	For		ShrHoldr
			ISS Analysis and Vote Recommendation        ISS believes that proposals seeking majority vote requirements in boardroom elections generally warrant support. Director accountability is the hallmark of good governance. The board election process must ensure that shareholders' expressions of dissatisfaction with the performance of directors have meaningful consequences. A majority vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.         ISS views the current debate over the director election system in the U.S. as useful and timely and believes a variety of reform measures should be considered. On balance, we support adoption of the majority vote principle for electing directors but we believe that boards should have some latitude in designing a workable standard at this stage in the debate. If this proposal were presented as a binding agenda item, we would carefully consider the ramifications of implementation at the company. Moreover, if a company were to receive majority shareholder support on this proposal, we would look to the board to present a meaningful response to shareholders by creating a workable model for its own election system that is practical yet provides real accountability for shareholders. In response to this debate, several companies like Intel and Dell have adopted standards that give shareholders greater input in the process of director election, providing for a legal standard that keeps a newly appointed director off the board and requiring resignation in case of incumbent directors. Also, numerous companies have, as an alternative, adopted plurality system based director resignation policies.         In a December 2005 document entitled "Majority Elections: Questions and Answers on ISS 2006 Voting Policy", ISS noted that many companies have adopted director resignation policies which are intended to mitigate shareholder concerns about plurality voting standards. However, these resignation policies leave the power in the hands of the board to make a determination on the status of the director who fails to win shareholders' support. ISS' policy provides that three factors be considered when evaluating a majority voting proposal: (1) what measures the company has taken to address the director election issue; (2) why such measures provide a meaningful alternative to the majority voting standard (the burden of proof is on the board to articulate to shareholders why the alternative to a full majority-voting standard is the best structure at this time for boosting directors' accountability to shareholders); and (3) the company's governance features and history of accountability to shareholders. Note that the specific factors cited above are meant as a starting-point for formulating a policy on this issue. These elements are meant to provide boards with some broad guidance as to the 'bare minimum requirements' that directors must meet in order for ISS to even consider whether their proposed 'alternative' is equal to or better than a majority voting proposal.        The board believes that there are many impediments and complexities attached to the majority vote standard. Nevertheless, to date, ISS notes that many companies have adopted a majority voting standard.        With regard to BJ's Wholesale Club's governance features and accountability to shareholders, we note that BJ's Wholesale Club does have certain negative governance provisions. For example, under the company's certificate of incorporation, a supermajority vote of shareholders is required to amend certain provisions of the charter or bylaws, shareholders may not act by written consent, shareholders may not call special meetings, the board may amend the bylaws without shareholder approval, and the company has a classified board.        ISS advocates that the director election system give full effect to the shareholder franchise. ISS views director election reform as a multi-year, multi-step process. ISS' approach to the issue will likely evolve over time as the marketplace advances the debate. ISS feels that support for this proposal, coupled with continued debate on election reforms, will allow the director election system to evolve to the next level.
	3	Ratify Auditors			For	For		Mgmt
05/24/06 - A	Black Hills Corp. *BKH*			092113109			04/05/06	22,290
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/18/06 - A	C.H. Robinson Worldwide, Inc. *CHRW*			12541W209			03/27/06	22,500
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 9.66 percent is within the allowable cap for this company of 9.91 percent. Additionally, this plan expressly forbids repricing.
05/04/06 - A	Cabot Oil & Gas Corp. *COG*			127097103			03/22/06	20,310
	1	Elect Directors			For	For		Mgmt
	2	Increase Authorized Common Stock			For	For		Mgmt
			The requested increase of 40,000,000 shares is below the allowable threshold of 80,000,000 shares. We recommend a vote FOR Item 2.
	3	Ratify Auditors			For	For		Mgmt
	4	Other Business			For	Against		Mgmt
			As we cannot know the content of these issues, we do not recommend that shareholders approve this request.
05/10/06 - A	Cadence Design Systems, Inc. *CDNS*			127387108			03/22/06	73,985
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Michael J. Fister --- For
			We recommend a vote FOR the directors with the exception of independent outsider Lip-Bu Tan. We recommend that shareholders WITHHOLD votes from Lip-Bu Tan for sitting on more than six boards.
	1.2	Elect Director Donald L. Lucas --- For
	1.3	Elect Director Alberto Sangiovanni-Vincentelli --- For
	1.4	Elect Director George M. Scalise --- For
	1.5	Elect Director John B. Shoven --- For
	1.6	Elect Director Roger S. Siboni --- For
	1.7	Elect Director Lip-Bu Tan --- Withhold
	1.8	Elect Director John A.C. Swainson --- For
	2	Amend Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
	4	Ratify Auditors			For	For		Mgmt
06/14/06 - A	Celgene Corp. *CELG*			151020104			04/27/06	14,400
	1	Elect Directors			For	For		Mgmt
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 11.75 percent is within the allowable cap for this company of 12.43 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
05/26/06 - A	Cerner Corp. *CERN*			156782104			03/31/06	18,020
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
06/09/06 - A	Chesapeake Energy Corp. *CHK*			165167107			04/17/06	35,400
	1	Elect Directors			For	For		Mgmt
	2	Increase Authorized Common Stock			For	For		Mgmt
			The requested increase of 250,000,000 shares is below the allowable threshold of 525,000,000 shares.
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 3.73 percent is within the allowable cap for this company of 5.61 percent. Additionally, this plan expressly forbids repricing.
05/18/06 - A	Citrix Systems, Inc. *CTXS*			177376100			03/20/06	40,021
	1	Elect Directors			For	For		Mgmt
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 8.86 percent is within the allowable cap for this company of 12.52 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
04/17/06 - A	Compass Bancshares, Inc. *CBSS*			20449H109			03/08/06	30,680
	1	Elect Directors			For	For		Mgmt
	2	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 7.23 percent is within the allowable cap for this company of 7.73 percent. Additionally, this plan expressly forbids repricing.
05/10/06 - A	Covance Inc. *CVD*			222816100			03/20/06	20,721
	1	Elect Directors			For	For		Mgmt
05/11/06 - A	Digitas, Inc *DTAS*			25388K104			03/16/06	52,235
	1	Elect Director Gregor S. Bailar			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/18/06 - A	Efunds Corporation *EFD*			28224R101			03/31/06	51,326
	1	Elect Directors			For	For		Mgmt
	2	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	3	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 14.43 percent is within the allowable cap for this company of 20.03 percent.
	4	Ratify Auditors			For	For		Mgmt
04/26/06 - A	Energen Corp. *EGN*			29265N108			03/03/06	32,300
	1	Elect Directors			For	For		Mgmt
06/15/06 - A	Forest City Enterprises, Inc. *FCE.A*			345550107			04/17/06	36,542
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Michael P. Esposito, Jr. --- For
			We recommend a vote FOR the directors with the exception of insider Joan K. Shafran. We recommend that shareholders WITHHOLD votes from Joan K. Shafran for failure to establish a majority independent board.
	1.2	Elect Director Joan K. Shafran --- Withhold
	1.3	Elect Director Louis Stokes --- For
	1.4	Elect Director Stan Ross --- For
	2	Increase Authorized Common Stock			For	Against		Mgmt
			The proposal for an increase in the number of authorized shares of Class A common stock falls within ISS' allowable threshold. However, as this item has to be seen in conjunction with Items 3 through 7, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	3	Increase Authorized Common Stock			For	Against		Mgmt
			Approving an increase in the number of authorized super-voting shares perpetuates the unequal voting rights structure. We suggest shareholders do not support this proposal.
	4	Company Specific-Eliminate Class Voting Rights			For	Against		Mgmt
			As the proposal is detrimental to Class A shareholders' rights, we believe it does not warrant shareholder support.
	5	Eliminate Reference to Common Stock Preference Dividend			For	Against		Mgmt
			As the proposal is detrimental to Class A stockholders' rights, we believe it does not warrant shareholder support.
	6	Increase Authorized Preferred Stock			For	Against		Mgmt
			In this case, management has not specifically stated that the shares may not be used for antitakeover purposes. When a company fails to provide a specific financing purpose for the shares, the possibility that they will be used for management entrenchment purposes outweighs any potential benefits that they would bring.
	7	Authorize Board to Set Terms of Preferred			For	Against		Mgmt
			In this case, management has not specifically stated that the shares may not be used for antitakeover purposes. When a company fails to provide a specific financing purpose for the shares, the possibility that they will be used for management entrenchment purposes outweighs any potential benefits that they would bring.
	8	Modernization of the Existing Regulations in light of changes to the Ohio General Corporation Law			For	Against		Mgmt
			The changes are common practice and some of them might allow increased efficiency in certain processes. However, as this item has to be seen in conjunction with Items 8 through 13, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	9	Company Specific--Establishment of the size of the Board of Directors by shareholders			For	Against		Mgmt
			Currently Class B shareholders have the same votes as Class A shareholders (one vote per share) in this issue, and the proposal would allow for ten votes per Class B share versus one vote per Class A share. As such, ISS believes shareholders should not support this proposal.
	10	Amend Nomination Procedures for the Board			For	Against		Mgmt
			ISS believes that a reasonable time frame for submittals would be no later than 60 days prior to the meeting. This proposal in conjunction with Item 9 would make it more difficult to challenge the current board. Because of these factors and the fact that this item has to be seen in conjunction with Items 8 through 13, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	11	Amend Articles/Bylaws/Charter-Non-Routine			For	Against		Mgmt
			The proposal does not affect shareholders rights. However, as this item has to be seen in conjunction with Items 8 through 13, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	12	Amend Director and Officer Indemnification/Liability Provisions			For	Against		Mgmt
			In the long run, this flexibility might be in shareholders' best interests. However, as this item has to be seen in conjunction with Items 8 through 13, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	13	Company Specific-Issuance of Uncertificated Shares			For	Against		Mgmt
			We believe the proposal warrants shareholder support as it has the potential to improve efficiency in share administration processes. However, as this item has to be seen in conjunction with Items 8 through 13, for which we are voting AGAINST, we suggest shareholders do not support this proposal.
	14	Ratify Auditors			For	For		Mgmt
05/18/06 - A	General Cable Corp. *BGC*			369300108			03/20/06	28,605
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/17/06 - A	Genuine Parts Co. *GPC*			372460105			02/10/06	18,690
	1	Elect Directors			For	For		Mgmt
	2	Declassify the Board of Directors			For	For		Mgmt
			ISS commends management for submitting this proposal, which demonstrates a commitment to shareholders' interests.
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 5.78 percent is within the allowable cap for this company of 9.71 percent. Additionally, this plan expressly forbids repricing.
	4	Ratify Auditors			For	For		Mgmt
05/02/06 - A	Getty Images, Inc. *GYI*			374276103			03/02/06	14,630
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/08/06 - A	Helix Energy Solutions Inc *HLX*			42330P107			03/21/06	20,640
	1	Elect Directors			For	For		Mgmt
06/20/06 - A	IAC/InteractiveCorp. *IACI*			44919P300			04/26/06	50,875
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director William H. Berkman --- For
			We recommend that shareholders vote FOR the directors with the exception of insiders Barry Diller and Victor A. Kaufman, affiliated outsiders Diane Von Furstenberg, John C. Malone and Donald A. Keough. We recommend that shareholders WITHHOLD votes from Barry Diller, Victor A. Kaufman, Diane Von Furstenberg, John C. Malone and Donald A. Keough for failure to establish an independent nominating committee.
	1.2	Elect Director Edgar Bronfman, Jr. --- For
	1.3	Elect Director Barry Diller --- Withhold
	1.4	Elect Director Victor A. Kaufman --- Withhold
	1.5	Elect Director Donald R. Keough --- Withhold
	1.6	Elect Director Bryan Lourd --- For
	1.7	Elect Director John C. Malone --- Withhold
	1.8	Elect Director Arthur C. Martinez --- For
	1.9	Elect Director Steven Rattner --- For
	1.10	Elect Director H. Norman Schwarzkopf --- For
	1.11	Elect Director Alan G. Spoon --- For
	1.12	Elect Director Diane Von Furstenberg --- Withhold
	2	Ratify Auditors			For	For		Mgmt
04/04/06 - A	IDEX Corp. *IEX*			45167R104			02/28/06	15,100
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/05/06 - A	IMS Health Inc. *RX*			449934108			03/17/06	53,305
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 9.09 percent is within the allowable cap for this company of 9.89 percent. Additionally, this plan expressly forbids repricing.
	4	Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote			Against	Against		ShrHoldr
			Conclusion        In the case of IMS Health, we note that a formal policy regarding the adoption or extension pill has been established in response to shareholder concerns. We believe that the 12-month period is a reasonable time period to seek shareholder approval and the request of reducing it to four months appears to be unnecessary. ISS commends the company for taking this positive step towards better corporate governance by adopting this policy and terminating the company's previous poison pill.
04/20/06 - A	Inco Limited *N.*			453258402			03/06/06	14,720
	1	Elect Directors			For	For		Mgmt
	2	Ratify PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Remuneration of Auditors			For	For		Mgmt
05/26/06 - A	Internet Security Systems, Inc. *ISSX*			46060X107			04/07/06	50,736
	1	Elect Directors			For	For		Mgmt
05/19/06 - A	Intuitive Surgical Inc *ISRG*			46120E602			04/05/06	9,014
	1	Elect Directors			For	For		Mgmt
04/21/06 - A	Invitrogen Corp. *IVGN*			46185R100			02/24/06	16,765
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
	4	Increase Authorized Common Stock			For	For		Mgmt
			The requested increase of 75,000,000 shares is below the allowable threshold of 150,000,000 shares. We recommend a vote FOR Item 4.
05/09/06 - A	ITT Corp. *ITT*			450911102			03/17/06	26,140
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Change Company Name			For	For		Mgmt
			Because it is unlikely that the name change would have a negative financial impact on the company, ISS recommends supporting the proposal.
05/22/06 - A	Jefferies Group, Inc *JEF*			472319102			04/03/06	24,500
	1	Elect Directors			For	For		Mgmt
05/18/06 - A	Kimco Realty Corp. *KIM*			49446R109			03/24/06	28,360
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Martin S. Kimmel --- For
			We recommend a vote FOR the directors with the exception of insiders Milton Cooper, Michael J. Flynn, and David B. Henry, and affiliated outsiders Richard G. Dooley and Frank Lourenso. We recommend that shareholders WITHHOLD votes from Richard G. Dooley for standing as an affiliated outsider on the Audit, Compensation and Nominating committees and for failure to establish a majority independent board. We also recommend that shareholders WITHHOLD votes from Frank Lourenso for standing as an affiliated outsider on the Compensation and Nominating committees and for failure to establish a majority independent board. Lastly, we recommend that shareholders WITHHOLD votes from Milton Cooper, Michael J. Flynn and David B. Henry for failure to establish a majority independent board.
	1.2	Elect Director Milton Cooper --- Withhold
	1.3	Elect Director Richard G. Dooley --- Withhold
	1.4	Elect Director Michael J. Flynn --- Withhold
	1.5	Elect Director Joe Grills --- For
	1.6	Elect Director David B. Henry --- Withhold
	1.7	Elect Director F. Patrick Hughes --- For
	1.8	Elect Director Frank Lourenso --- Withhold
	1.9	Elect Director Richard Saltzman --- For
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 3.41 percent is within the allowable cap for this company of 5.00 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
	4	Company-Specific -- Require Annual Disclosure of Related Party Transactions between the Company and its Senior Executive Officers or the Company and its Directors			Against	For		ShrHoldr
			ISS supports the principle of the proposal. According to ISS' board policy, ISS considers directors who have material transactions with the company as affiliated outsiders. There is a large body of research that shows that interlocking directorships have a positive effect on company performance. The value added by interlocks appears to come from coordination of business activities, reduced transaction costs, and improved access to vital resources and information. However, if an interlocking directorship exposes a company to antitrust liability, or if there is clear evidence of self-dealing, shareholders should be concerned. In this case, the board is not majority independent by ISS standards and two affiliated outside directors sit on key committees. Therefore, ISS believes this proposal warrants shareholder support.
04/25/06 - A	L-3 Communications Holdings, Inc. *LLL*			502424104			03/17/06	11,940
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
06/16/06 - A	LeapFrog Enterprises, Inc. *LF*			52186N106			04/18/06	75,645
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Steven B. Fink --- Withhold
			We recommend a vote FOR the directors with the exception of insider Steven B. Fink. We recommend that shareholders WITHHOLD votes from Steven B. Fink for standing as an insider on the Compensation and Nominating committees.
	1.2	Elect Director Jeffrey G. Katz --- For
	1.3	Elect Director Thomas J. Kalinske --- For
	1.4	Elect Director Stanley E. Maron --- For
	1.5	Elect Director E. Stanton McKee, Jr. --- For
	1.6	Elect Director David C. Nagel --- For
	1.7	Elect Director Ralph R. Smith --- For
	1.8	Elect Director Caden Wang --- For
	2	Amend Non-Employee Director Omnibus Stock Plan			For	Against		Mgmt
			V. Vote Recommendation        In 2005, ISS implemented a modified policy in evaluating director equity plans. ISS considers the costs of equity plans including director plans and employee-based compensation plans in the binomial compensation model. If the total costs of the combined equity plans exceed the allowable cap, ISS will review the qualitative features of director compensation, taking into account (i) director stock ownership guidelines (ii) vesting schedule (iii) mix between cash and equity (iv) retirement/benefit and perquisites programs (v) quality of disclosure.        In this case, the total cost of the company's plans of 10.66 percent is above the allowable cap for this company of 10.08 percent. In reviewing the qualitative features of direct compensation of Leapfrog Enterprise, there is no disclosure of director stock ownership guidelines.
	3	Amend Omnibus Stock Plan			For	Against		Mgmt
			VI. Vote Recommendation        The total cost of the company's plans of 12.63 percent is above the allowable cap for this company of 10.08 percent.
	4	Ratify Auditors			For	For		Mgmt
05/04/06 - A	Louisiana-Pacific Corp *LPX*			546347105			03/06/06	24,480
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/25/06 - A	Marshall & Ilsley Corp. *MI*			571834100			03/01/06	21,310
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 6.92 percent is within the allowable cap for this company of 7.25 percent. Additionally, this plan expressly forbids repricing.
	4	Declassify the Board of Directors			Against	For		ShrHoldr
05/16/06 - PC	Massey Energy Company *MEE*			576206106			03/20/06	23,774
		Management Proxy (Blue Card)
	1	Elect Directors			For	DoNotVote		Mgmt
	2	Ratify Auditors			For	DoNotVote		Mgmt
	3	Approve Omnibus Stock Plan			For	DoNotVote		Mgmt
	4	Amend Articles/Bylaws/Charter-Non-Routine			For	DoNotVote		Mgmt
		Dissident Proxy (White Card)
	1	Elect Directors (Opposition Slate)			For	Split		Mgmt
	1.1	Elect Director Daniel S. Loeb --- For
	1.2	Elect Director Todd Q. Swanson --- Withhold
	2	Ratify Auditors			For	For		Mgmt
	3	Approve Omnibus Stock Plan			Against	For		Mgmt
			V. Vote Recommendation The total cost of the company's plans of 5.94 percent is within the allowable cap for this company of 6.44 percent. Additionally, this plan expressly forbids repricing.
	4	Amend Articles/Bylaws/Charter-Non-Routine			For	For		Mgmt
			ISS supports any reduction of a company's voting requirements, even if the change is simply a lower supermajority
05/31/06 - A	Matria Healthcare, Inc. *MATR*			576817209			04/13/06	29,610
	1	Elect Directors			For	For		Mgmt
04/27/06 - A	Media General, Inc. *MEG*			584404107			02/16/06	22,639
	1	Elect Directors			For	For		Mgmt
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 13.24 percent is within the allowable cap for this company of 14.73 percent. Additionally, this plan expressly forbids repricing.
05/25/06 - A	MedImmune, Inc. *MEDI*			584699102			03/31/06	21,280
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Wayne T. Hockmeyer --- For
			We recommend a vote FOR the directors with the exception of affiliated outsider M. James Barrett. We recommend that shareholders WITHHOLD votes from M. James Barrett for standing as an affiliated outsider on the Audit and Compensation committees.
	1.2	Elect Director David M. Mott --- For
	1.3	Elect Director David Baltimore --- For
	1.4	Elect Director M. James Barrett --- Withhold
	1.5	Elect Director James H. Cavanaugh --- For
	1.6	Elect Director Barbara Hackman Franklin --- For
	1.7	Elect Director Gordon S. Macklin --- For
	1.8	Elect Director George M. Milne, Jr. --- For
	1.9	Elect Director Elizabeth H.S. Wyatt --- For
	2	Amend Non-Employee Director Stock Option Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 9.35 percent is within the allowable cap for this company of 11.95 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
05/09/06 - A/S	Methanex Corp. *MX.*			59151K108			03/13/06	32,604
	1	Elect Directors			For	For		Mgmt
	2	Ratify KPMG LLP as Auditors			For	For		Mgmt
	3	Authorize Board to Fix Remuneration of Auditors			For	For		Mgmt
	4	Amend Stock Option Plan			For	For		Mgmt
			Pay For Performance        ISS has recently implemented a pay-for-performance assessment, looking for correlation between CEO's pay and the company's total shareholder return. Specifically if a company has negative one- and three-year fiscal total shareholder returns, and its CEO also had an increase in total direct compensation from the prior year, it would require closer scrutiny. If more than half of the increase in total direct compensation is attributable to equity compensation, ISS may recommend a vote against an equity-based compensation plan in which the CEO participates. The assessment applies to TSX Composite Index companies that have at least three fiscal years of stock price history and have had the same CEO in place for the past two fiscal years. Methanex's total shareholder returns for the one- and three-year periods were 2% and 22% respectively. CEO, Bruce Aitken received an estimated $1,748,000 in total direct compensation in 2005, which is a decrease of 34 percent over 2004 levels.         Vote Recommendation        The total cost of the company's plans of 1.96 percent is within the allowable cap for this company of 4.72 percent. Directors are not eligible for participation under the plan; thereby eliminating any discretionary director participation issues.
05/04/06 - A	Millennium Pharmaceuticals, Inc. *MLNM*			599902103			03/08/06	56,900
	1	Elect Directors			For	For		Mgmt
	2	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
	3	Ratify Auditors			For	For		Mgmt
06/07/06 - A	Monster Worldwide, Inc. *MNST*			611742107			04/25/06	17,390
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Report on Board Diversity			None	Against		ShrHoldr
			We note that Monster Worldwide's board is comprised of all white males, and urge the company to seek directors from a diverse background as positions become available or if the company chooses to expand the size of its board. However, ISS believes that the policies and procedures adopted by Monster, as well as the discussion on diversity provided in its Nominating Committee Charter and on the company website substantially address many aspects of this resolution. As such, we do not recommend shareholder support for this resolution.
05/03/06 - A	Nationwide Financial Services, Inc. *NFS*			638612101			03/06/06	34,800
	1	Elect Directors			For	For		Mgmt
	2	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	3	Ratify Auditors			For	For		Mgmt
	4	Performance-Based Equity Awards			Against	For		ShrHoldr
			The company's annual incentive program is performance driven and is primarily based on net operating earnings per diluted share, operating revenue growth, net operating return on equity, and income after capital charge. However, the lack of disclosure of the specific targets does not allow shareholders to assess the rigor of the SEIP program (note that disclosure is reasonable with respect to NVAs).         While the safe harbor rules exempt the disclosure of competitive information, companies have disclosed specific performance hurdles which executives must meet in order to profit from performance-based programs. With respect to the long-term program, standard stock options and restricted shares are not considered as performance-based compensation. A rise in the stock market can provide automatic gains without the executives exhibiting any demonstrated effort. A majority of the long-term incentives comprise stock options and restricted shares and not performance-based NVAs. ISS believes that the proponent's pay-for-superior-performance standard is feasible for the company given its line of business. The company's annual and long-term incentive programs do not sufficiently meet the proponent's requirements. Therefore, ISS supports this shareholder proposal.
05/11/06 - A	Norfolk Southern Corp. *NSC*			655844108			03/06/06	26,095
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/25/06 - A	PerkinElmer Inc. *PKI*			714046109			02/27/06	39,891
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Require a Majority Vote for the Election of Directors			Against	For		ShrHoldr
			ISS advocates that the director election system give full effect to the shareholder franchise. We feel that the company's current policy that directors who receive a majority of withhold votes tender their resignation is a move toward a more democratic voting process. However, in a case where a company has in place certain unfavorable governance provisions, as indicated above, we do not believe the resignation policy is a sufficient alternative to the proposed majority voting standard. The company's current resignation policy in the context of the plurality voting standard would allow director nominees to be elected despite minimal shareholder support. Further, with regard to management's concern that the proposal does not consider potential board vacancies, ISS notes that the precatory proposal allows the board the flexibility to determine whether a plurality vote standard may be appropriate in certain circumstances. ISS feels that support for this proposal, coupled with continued debate on election reforms, will allow the director election system to evolve to the next level.
05/25/06 - A	Polycom, Inc. *PLCM*			73172K104			04/05/06	58,440
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Robert C. Hagerty --- For
			We recommend a vote FOR the directors.
	1.2	Elect Director Michael R. Kourey --- For
	1.3	Elect Director Betsy S. Atkins --- For
	1.4	Elect Director John Seely Brown --- For
	1.5	Elect Director David G. DeWalt --- For
	1.6	Elect Director Durk I. Jager --- For
	1.7	Elect Director John A. Kelley, Jr. --- For
	1.8	Elect Director Stanley J. Meresman --- For
	1.9	Elect Director William A. Owens --- For
	1.10	Elect Director Kevin T. Parker --- For
	1.11	Elect Director Thomas G. Stemberg --- For
	2	Ratify Auditors			For	For		Mgmt
05/26/06 - A	ProLogis *PLD*			743410102			03/16/06	29,410
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director K. Dane Brooksher --- For
			We recommend a vote FOR the directors with the exception of independent outsider William D. Zollars. We recommend that shareholders WITHHOLD votes from William D. Zollars for sitting on more than three boards while serving as a CEO.
	1.2	Elect Director Stephen L. Feinberg --- For
	1.3	Elect Director George L. Fotiades --- For
	1.4	Elect Director Christine N. Garvey --- For
	1.5	Elect Director Donald P. Jacobs --- For
	1.6	Elect Director Walter C. Rakowich --- For
	1.7	Elect Director Nelson C. Rising --- For
	1.8	Elect Director Jeffrey H. Schwartz --- For
	1.9	Elect Director D. Michael Steuert --- For
	1.10	Elect Director J. Andre Teixeira --- For
	1.11	Elect Director William D. Zollars --- Withhold
	1.12	Elect Director Andrea M. Zulberti --- For
	2	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 4.97 percent is within the allowable cap for this company of 5.00 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
	4	Other Business			For	Against		Mgmt
			As we cannot know the content of these issues, we do not recommend that shareholders approve this request.
05/18/06 - A	Rayonier Inc. *RYN*			754907103			03/20/06	35,348
	1	Elect Directors			For	For		Mgmt
06/28/06 - A	Roper Industries, Inc. *ROP*			776696106			04/29/06	24,837
	1	Elect Directors			For	For		Mgmt
	2	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 6.85 percent is within the allowable cap for this company of 9.49 percent. Additionally, this plan expressly forbids repricing.
	3	Amend Votes Per Share of Existing Stock			For	For		Mgmt
			ISS concurs with management and believes that the time phase voting increases the likelihood of the entrenchment of management. ISS supports the one share/one vote principle and supports this proposal.
	4	Ratify Auditors			For	For		Mgmt
	5	Other Business			For	Against		Mgmt
			As we cannot know the content of these issues, we do not recommend that shareholders approve this request.
05/03/06 - A	SAFECO Corp. *SAFC*			786429100			03/06/06	19,220
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
05/02/06 - A	Sigma-Aldrich Corp. *SIAL*			826552101			03/03/06	30,440
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditor			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 6.75 percent is within the allowable cap for this company of 10.85 percent. Additionally, this plan expressly forbids repricing. The company's three-year average burn rate of 1.20 percent is also within the allowable industry burn rate cap of 2.11 percent.
05/03/06 - A	Stericycle, Inc. *SRCL*			858912108			03/06/06	12,700
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Develop Plan to Eliminate Incineration of Medical Waste			Against	Against		ShrHoldr
			ISS generally supports requests by shareholders for improved transparency, particularly on issues that may impact shareholder value through possible litigation or negative impacts on a company's reputation. When evaluating requests for reports, ISS considers the scope and content of the report, as well as the company's response to the proposal and existing corporate disclosure and actions to address the underlying concern.         In this case, ISS notes that the company does not have a formal EHS report; however, it does discuss issues of waste handling and disposal in some detail on the company's website. Moreover, the company has taken some steps in the development of alternative methods of disposal and committed to reducing the use of incineration as much as possible based on applicable regulations and the economic viability these alternatives. We believe that these factors are indicative of the company's ongoing evaluation of alternatives to incineration, and demonstrate a reasonable approach to the proponent's concerns. As such, we do not believe that the requested report is necessary at this time.
04/28/06 - A	Stewart Information Services Corp. *STC*			860372101			02/28/06	14,993
	1	Elect Directors			For	For		Mgmt
05/25/06 - A	Symyx Technologies, Inc. *SMMX*			87155S108			03/27/06	38,274
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/27/06 - A	Synovus Financial Corp. *SNV*			87161C105			02/21/06	31,620
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Richard Y. Bradley --- Withhold
			We recommend a vote FOR the directors with the exception of affiliated outsiders Richard Y. Bradley and William B. Turner, Jr. We recommend that shareholders WITHHOLD votes from William B. Turner, Jr. for poor attendance and Richard Y. Bradley for standing as an affiliated outsider on the Nominating Committee.
	1.2	Elect Director Frank W. Brumley --- For
	1.3	Elect Director Elizabeth W. Camp --- For
	1.4	Elect Director T. Michael Goodrich --- For
	1.5	Elect Director John P. Illges, III --- For
	1.6	Elect Director J. Neal Purcell --- For
	1.7	Elect Director William B. Turner, Jr. --- Withhold
	2	Declassify the Board of Directors			For	For		Mgmt
			ISS commends management for submitting this proposal, which demonstrates a commitment to shareholders' interests.
	3	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	4	Ratify Auditors			For	For		Mgmt
	5	Require a Majority Vote for the Election of Directors			Against	For		ShrHoldr
			ISS advocates that the director election system give full effect to the shareholder franchise. We feel that the company's current policy that directors who receive a majority of withhold votes tender their resignation is a move toward a more democratic voting process. However, the company's current resignation policy in the context of the plurality voting standard would allow director nominees to be elected despite minimal shareholder support. In addition, the company has in place unfavorable governance provisions. Further, with regard to management's concern that the proposal does not consider potential board vacancies, ISS notes that the precatory proposal allows the board the flexibility to determine whether a plurality vote standard may be appropriate in certain circumstances. ISS feels that support for this proposal, coupled with continued debate on election reforms, will allow the director election system to evolve to the next level.
05/31/06 - A	Teekay Shipping Corp. *TK*			Y8564W103			04/07/06	35,340
		Meeting for Holders of ADRs
	1	Elect Directors			For	For		Mgmt
	2	APPROVAL OF TEEKAY S AMENDED AND RESTATED ARTICLES OF INCORPORATION. CONFORM TEEKAY S ARTICLES OF INCORPORATION TO THE TERMS OF THE MARSHALL ISLANDS BUSINESS CORPORATIONS ACT.			For	For		Mgmt
	3	Ratify Auditors			For	For		Mgmt
04/27/06 - A	Tellabs, Inc. *TLAB*			879664100			02/27/06	74,050
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
04/20/06 - A	The Black & Decker Corp. *BDK*			091797100			02/21/06	4,814
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director N.D. Archibald --- For
			We recommend a vote FOR the directors.
	1.2	Elect Director N.R. Augustine --- For
	1.3	Elect Director B.L. Bowles --- For
	1.4	Elect Director G.W. Buckley --- For
	1.5	Elect Director M.A. Burns --- For
	1.6	Elect Director K.B. Clark --- For
	1.7	Elect Director M.A. Fernandez --- For
	1.8	Elect Director B.H. Griswold, Iv --- For
	1.9	Elect Director A. Luiso --- For
	1.10	Elect Director R.L. Ryan --- For
	1.11	Elect Director M.H. Willes --- For
	2	Ratify Auditors			For	For		Mgmt
	3	Performance-Based and/or Time-Based Equity Awards			Against	For		ShrHoldr
			In conclusion, the company's annual and long-term incentive programs do not sufficiently meet the proponent's requirements. Therefore, ISS supports this shareholder proposal.
04/24/06 - A	The Lubrizol Corp. *LZ*			549271104			03/03/06	34,289
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
06/21/06 - A	The Mens Wearhouse, Inc. *MW*			587118100			05/03/06	35,092
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director George Zimmer --- For
			We recommend a vote FOR the directors with the exception of independent outsider Kathleen Mason. We recommend that shareholders WITHHOLD votes from Kathleen Mason for sitting on more than three boards.
	1.2	Elect Director David H. Edwab --- For
	1.3	Elect Director Rinaldo S. Brutoco --- For
	1.4	Elect Director Michael L. Ray, Ph.D. --- For
	1.5	Elect Director Sheldon I. Stein --- For
	1.6	Elect Director Kathleen Mason --- Withhold
	1.7	Elect Director Deepak Chopra, M.D. --- For
	1.8	Elect Director William B. Sechrest --- For
05/05/06 - A	The Servicemaster Company *SVM*			81760N109			03/08/06	106,593
	1	Elect Directors			For	For		Mgmt
	2	Approve/Amend Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	3	Ratify Auditors			For	For		Mgmt
	4	Declassify the Board of Directors			None	For		ShrHoldr
			The ability to elect directors is the single most important use of the shareholder franchise, and all directors should be accountable on an annual basis. A classified board can entrench management and effectively preclude most takeover bids or proxy contests. Board classification forces dissidents and would-be acquirers to negotiate with the incumbent board, which has the authority to decide on offers without a shareholder vote.
	5	Report on Toxic Substances			Against	Against		ShrHoldr
			Therefore, ISS encourages ServiceMaster to continue to evaluate its policies related to the potential health and environmental impact of its pesticide products; however, based on its current level of disclosure and the absence of information suggesting that the company is not in compliance with current legislation related to this topic, we do not believe that shareholder support for this resolution is warranted at this time.
05/16/06 - A	The St. Joe Company *JOE*			790148100			03/31/06	26,140
	1	Elect Directors			For	For		Mgmt
	2	Approve/Amend Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	3	Ratify Auditors			For	For		Mgmt
04/26/06 - A	The Stanley Works *SWK*			854616109			02/28/06	22,848
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Eileen S. Kraus --- Withhold
			We recommend shareholders vote FOR Lawrence A. Zimmerman, as he is a new nominee, but WITHHOLD votes from Eileen S. Kraus for failure to implement the board declassification proposal.
	1.2	Elect Director Lawrence A. Zimmerman --- For
	2	Ratify Auditors			For	For		Mgmt
	3	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	4	Amend Omnibus Stock Plan			For	For		Mgmt
			Approval of this item would allow the company to preserve the tax deductibility of performance-based compensation under Section 162(m) paid under the 2001 Long-Term Incentive Plan and 1997 Long-Term Incentive Plan. ISS recommends a vote FOR this proposal.
	5	Declassify the Board of Directors			Against	For		ShrHoldr
			The ability to elect directors is the single most important use of the shareholder franchise, and all directors should be accountable on an annual basis. A classified board can entrench management and effectively preclude most takeover bids or proxy contests. Board classification forces dissidents and would-be acquirers to negotiate with the incumbent board, which has the authority to decide on offers without a shareholder vote.
05/24/06 - A	Thermo Electron Corp. *TMO*			883556102			03/29/06	36,230
	1	Elect Directors			For	Withhold		Mgmt
	1.1	Elect Director Peter J. Manning --- Withhold
			We recommend withholding votes from all of the nominees. We recommend that shareholders WITHHOLD votes from affiliated outsider Jim P. Manzi, and independent outsiders Elaine S. Ullian and Peter J. Manning for failing to submit the pill to shareholder vote.
	1.2	Elect Director Jim P. Manzi --- Withhold
	1.3	Elect Director Elaine S. Ullian --- Withhold
	2	Ratify Auditors			For	For		Mgmt
	3	Require a Majority Vote for the Election of Directors			Against	For		ShrHoldr
			ISS advocates that the director election system give full effect to the shareholder franchise. We feel that the company's current policy that directors who receive a majority of withhold votes tender their resignation is a move toward a more democratic voting process. However, in a case where a company has in place certain unfavorable governance provisions, as indicated above, we do not believe the resignation policy is a sufficient alternative to the proposed majority voting standard. The company's current resignation policy in the context of the plurality voting standard would allow director nominees to be elected despite minimal shareholder support. In addition, ISS notes that the precatory proposal allows the board the flexibility to determine whether a plurality vote standard may be appropriate in certain circumstances. ISS feels that support for this proposal, coupled with continued debate on election reforms, will allow the director election system to evolve to the next level.
05/18/06 - A	Tiffany & Co. *TIF*			886547108			03/24/06	34,866
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			The additional limits proposed under the plan are appropriate for the company and beneficial to shareholders. Moreover, preservation of the full deductibility under Section 162(m) of performance-based compensation paid to the company's executive officers reduces the company's corporate tax obligation.
05/18/06 - A	Trimble Navigation Ltd. *TRMB*			896239100			03/20/06	22,440
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Steven W. Berglund --- For
			We recommend a vote FOR the directors with the exception of affiliated outsider John B. Goodrich. We recommend that shareholders WITHHOLD votes from John B. Goodrich for standing as an affiliated outsider on the Compensation and Nominating committees.
	1.2	Elect Director Robert S. Cooper --- For
	1.3	Elect Director John B. Goodrich --- Withhold
	1.4	Elect Director William Hart --- For
	1.5	Elect Director Ulf J. Johansson, Ph.D. --- For
	1.6	Elect Director Bradford W. Parkinson --- For
	1.7	Elect Director Nickolas W. Vande Steeg --- For
	2	Amend Stock Option Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 12.10 percent is within the allowable cap for this company of 18.03 percent. Additionally, this plan expressly forbids repricing.
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			ISS approves of this item because the plan complies with Section 423 of the Internal Revenue Code, the number of shares being added is relatively conservative, the offering period is reasonable, and there are limitations on participation.
	4	Ratify Auditors			For	For		Mgmt
04/26/06 - A	Unionbancal Corp. *UB*			908906100			03/03/06	13,620
	1	Elect Directors			For	Split		Mgmt
	1.1	Elect Director Aida M. Alvarez --- For
			We recommend a vote FOR the directors with the exception of affiliated outsider Shigemitsu Miki. We recommend that shareholders WITHHOLD votes from Shigemitsu Miki for poor attendance.
	1.2	Elect Director David R. Andrews --- For
	1.3	Elect Director L. Dale Crandall --- For
	1.4	Elect Director Richard D. Farman --- For
	1.5	Elect Director Stanley F. Farrar --- For
	1.6	Elect Director Philip B. Flynn --- For
	1.7	Elect Director Michael J. Gillfillan --- For
	1.8	Elect Director Ronald L. Havner, Jr --- For
	1.9	Elect Director Norimichi Kanari --- For
	1.10	Elect Director Mary S. Metz --- For
	1.11	Elect Director Shigemitsu Miki --- Withhold
	1.12	Elect Director Takashi Morimura --- For
	1.13	Elect Director J. Fernando Niebla --- For
	1.14	Elect Director Masashi Oka --- For
	1.15	Elect Director Tetsuo Shimura --- For
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			The additional performance criteria proposed are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Moreover, preservation of the full deductibility under Section 162(m) of performance-based compensation paid to the company's executive officers reduces the company's corporate tax obligation.
	3	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			The performance measures included under the plan are appropriate for the company given its line of business, long-term strategic objectives, and industry-specific measures for assessing market competitiveness. Additionally, the plan is administered by a committee of independent outsiders who must certify attainment of these objective, measurable performance goals before cash awards are paid to participants. Moreover, preservation of the full deductibility of all compensation paid reduces the company's corporate tax obligation.
	4	Ratify Auditors			For	For		Mgmt
05/03/06 - A	Unit Corporation *UNT*			909218109			03/06/06	17,110
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Increase Authorized Common Stock			For	For		Mgmt
			The requested increase of 100,000,000 shares, is below the allowable threshold of 112,500,000 shares.
	4	Increase Authorized Preferred Stock			For	Against		Mgmt
			In this case, management has not specifically stated that the shares may not be used for antitakeover purposes. When a company fails to provide a specific financing purpose for the shares, the possibility that they will be used for management entrenchment purposes outweighs any potential benefits that they would bring. Further, the company already has preferred stock authorized and has issued none. In the absence of a more compelling reason to increase the authorization, there is no legitimate reason to do so.
	5	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 5.34 percent is within the allowable cap for this company of 6.84 percent. Additionally, this plan expressly forbids repricing.
05/26/06 - A	VeriSign Inc *VRSN*			92343E102			03/31/06	43,692
	1	Elect Directors			For	For		Mgmt
	2	Approve Omnibus Stock Plan			For	For		Mgmt
			V. Vote Recommendation        The total cost of the company's plans of 12.11 percent is within the allowable cap for this company of 12.51 percent. Additionally, this plan expressly forbids repricing.
	3	Ratify Auditors			For	For		Mgmt
04/20/06 - A	Wilmington Trust Corp. *WL*			971807102			02/21/06	16,080
	1	Elect Directors			For	For		Mgmt

Name of Fund:	Frontegra New Star International Equity Fund
Period:	7/1/05 - 6/30/06
United Overseas Bank		Shares Voted	144,000	Security	6916781
Meeting Date	11/18/05	Shares	144,000	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Increase in Authorized Capital by the Creation of 20,000 Class A Preference Shares of $0.01 Each; 200,000 Class B Preference Shares of SGD 0.01 Each; and 40,000 Class C Preference Shares of EUR 0.01 Each; and Amend Articles of Association		For	For	For
2	Approve Preference Share Issue Mandate		For	For	For
Shimachu Co. Ltd.		Shares Voted	22,800	Security	6804455
Meeting Date	11/29/05	Shares	22,800	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 7.15, Final JY 8.85, Special JY 0		For	Against	Against
2	Amend Articles to: Authorize Share Repurchases at Board's Discretion		For	Against	Against
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
Singapore Press Holdings Ltd.		Shares Voted	0	Security	B012899
Meeting Date	2/12/2005	Shares	500	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		For	For
2	Declare Final Dividend of SGD 0.08 Per Share and Special Dividend of SGD 0.078 Per Share		For	For
3	Reelect Lee Ek Tieng as Director		For	For
4a	Reelect Chan Heng Loon Alan as Director		For	For
4b	Reelect Sum Soon Lim as Director		For	For
4c	Reelect Philip N Pillai as Director		For	For
4d	Reelect Tony Tan Keng Yam as Director		For	For
5	Approve Directors' Fees of SGD 760,000 (2004: SGD 787,500)		For	For
6	Appoint Auditors and Authorize Board to Fix Their Remuneration		For	For
7	Other Business (Voting)		For	Against
8a	Approve Issuance of Shares without Preemptive Rights		For	For
8b	Approve Issuance of Shares and Grant of Options Pursuant to the Singapore Press Hldgs. Group (1999) Share Option Scheme		For	Against
8c	Authorize Share Repurchase Program		For	For
Sun Hung Kai Properties Ltd.		Shares Voted	193,000	Security	6859927
Meeting Date	8/12/2005	Shares	193,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend		For	For	For
3a1	Reelect Li Ka-cheung, Eric as Director		For	For	For
3a2	Reelect Wong Yue-chim, Richard as Director		For	For	For
3a3	Reelect Lee Shau-kee as Director		For	For	For
3a4	Reelect Chan Kui-yen, Thomas as Director		For	For	For
3a5	Reelect Chan Kai-ming as Director		For	For	For
3a6	Reelect Kwong Chun as Director		For	For	For
3a7	Reelect Wong Yick-kam, Michael as Director		For	For	For
3a8	Reelect Wong Chik-wing, Mike as Director		For	For	For
3b	Fix the Directors' Remuneration		For	For	For
4	Reappoint Auditors and Authorize Board to Fix Their Remuneration		For	For	For
5	Approve Repurchase of Up to 10 Percent of Issued Capital		For	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	For
7	Authorize Reissuance of Repurchased Shares		For	For	For
Unicredito Italiano SpA		Shares Voted	957,699	Security	4232445
Meeting Date	12/15/05	Shares	957,699	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Fix Number of Directors on the Board; Elect Directors for 2006-2008 Period		For	Against	For
2	Determine Remuneration of Directors, Members of Executive Committee, Members of the Audit Committee, and Chairman of the Supervisory Committee		For	For	For
3	Authorization to Sell Treasury Shares		For	For	For
Axa (Formerly Axa-Uap)		Shares Voted	134,200	Security	7088429
Meeting Date	12/16/05	Shares	134,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Special Business
1	Approve Merger by Absorption of Finaxa and Capital Increase in Connection with the Merger		For	For	For
2	Approve Accounting Treatment of Merger		For	For	For
3	Approve Reduction in Share Capital		For	For	For
4	Assume Obligations of 2.75% 1997/2006 Convertible Bonds Issued by Finaxa		For	For	For
5	Assume Obligations of Stock Options Granted by Finaxa		For	For	For
6	Approve Dissolution of Finaxa without Liquidation		For	For	For
7	Amend Articles to Reflect Changes in Capital		For	For	For
8	Authorize Issuance of Convertible Bonds to Holders of Finaxa 3% 1998/2007 Bonds Convertible Into Axa Shares
9	Reserve Convertible Bonds Issuance to Holders of Finaxa 3% 1998/2007 Bonds
10	Approve Capital Increase Reserved for Employees Participating in Savings-Related Share Purchase Plan		Against	Against	Against
11	Authorize Filing of Required Documents/Other Formalities		For	For	For
Orica Ltd. (formerly ICI Australia)		Shares Voted	188,000	Security	6458001
Meeting Date	01/24/06	Shares	188,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports
2.1	Elect Michael Beckett as Director		For	For	For
2.2	Elect Peter Kirby as Director		For	For	For
2.3	Elect Noel Meehan as Director		For	For	For
3	Approve Remuneration of Directors in the Amount of A$1.8 Million		For	For	For
4	Approve Remuneration Report		For	For	For
COSMOTE MOBILE TELECOMMUNICATIONS SA		Shares Voted	79,800	Security	4499013
Meeting Date	01/27/06	Shares	79,800	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Stock Option Plan Re: Allow Executives of Company's Foreign Subsidiaries to Participate in Plan		For	For	For
2	Amend Rules of Remuneration of Company Executives and Managing Director		For	For	For
3	Approve Liability and Indemnification of Directors and Managing Director		For	For	For
4	Approve Real Estate Transaction		For	For	For
5	Approve Derivative Contracts with OTE plc		For	For	For
6	Harmonize Article 5 par. 1 of Company Articles with Dec. 20, 2005, Board of Directors Decision Re: Increase in Share Capital		For	For	For
7	Other Business		For	Against	Against
Allianz AG (formerly Allianz Holding AG)		Shares Voted	28,900	Security	5231485
Meeting Date	8/2/2006	Shares	28,900	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Merger by Absorption of Riunione Adriatica di Sicurta SpA; Approve Change of Corporate Form to Societas Europea (SE)		For	For	For
2	Issue 25.1 Million Shares in Connection with Merger by Merger by Absorption of RIUNIONE ADRIATICA DI SICURTA Societa per Azioni		For	For	For
3	Approve Creation of EUR 450 Million Pool of Conditional Capital with Preemptive Rights		For	For	For
4	Approve Employee Stock Purchase Plan		For	For	For
5	Approve Issuance of Convertible Bonds and/or Bonds with Warrants Attached up to Aggregate Nominal Amount of EUR 10 Billion with Preemptive Rights; Approve Creation of EUR 250 Million Pool of Conditional Capital to Guarantee Conversion Rights		For	For	For
6	Authorize Repurchase of up to Five Percent of Issued Share Capital for Trading Purposes		For	For	For
7	Authorize Repurchase of up to 10 Percent of Issued Share Capital for Purposes other than Trading		For	For	For
Mobile Telesystems OJSC		Shares Voted	75,200	Security	2603225
Meeting Date	02/22/06	Shares	75,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve EGM Procedures		For	For	For
2	Approve Merger Agreement with OAO Gorizont-RT (Wholly Owned Subsidiary)		For	For	For
3	Approve Merger Agreement with ZAO Uraltel (Wholly Owned Subsidiary)		For	For	For
4	Approve Merger Agreement with ZAO DVSS-900 (Wholly Owned Subsidiary)		For	For	For
5	Approve Merger Agreement with ZAO SSS-900 (Wholly Owned Subsidiary)		For	For	For
6	Approve Merger Agreement with OAO Taif-Telcom (Wholly Owned Subsidiary)		For	For	For
7	Approve Merger Agreement with ZAO TSS (Wholly Owned Subsidiary)		For	For	For
8	Approve Merger Agreement with ZAO SibChelendzh (Wholly Owned Subsidiary)		For	For	For
9	Approve Merger Agreement with ZAO BMT (Wholly Owned Subsidiary)		For	For	For
10	Approve Merger Agreement with MTS-RTK (Wholly Owned Subsidiary)		For	For	For
11	Amend Charter Re: Merger Agreements with Subsidiaries		For	For	For
12	Approve Regulations on President		For	For	For
13	Approve Regulations on General Meetings		For	For	For
14	Amend Regulations on Board of Directors		For	For	For
15	Approve Related-Party Transaction with ING Bank N.V., Raifeisenbank, Citibank International Plc, and Other Banks Re: Bank Guarantees for CJSC Ukrainskaya Mobilnaya Svyaz in Amount of up to $200 Million		For	For	For
Dr. Reddy's Laboratories		Shares Voted	0	Security
Meeting Date	02/27/06	Shares	25,500	Meeting Type	Consent
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	ORDINARY RESOLUTION UNDER SECTION 293(1)(D) OF THE COMPANIES ACT, 1956 FOR ENHANCING THE BORROWING LIMITS OF THE BOARD		For	Against
2	ORDINARY RESOLUTION UNDER SECTION 293(1)(A) OF THE COMPANIES ACT, 1956 FOR CREATION FOR MORTGAGE/CHARGES		For	Against
3	SPECIAL RESOLUTION UNDER SECTION 372A OF THE COMPANIES ACT, 1956 FOR GIVING LOANS/ CORPORATE GUARANTEES/MAKING INVESTMENTS IN EXCESS OF LIMITS PRESCRIBED UNDER SAID SECTION		For	For
4	SPECIAL RESOLUTION UNDER SECTION 81(1A) FOR ISSUE OF SECURITIES		For	For
Samsung Electronics Co. Ltd.		Shares Voted	8,470	Security	4942818
Meeting Date	02/28/06	Shares	8,470	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	APPROVAL OF THE BALANCE SHEET, INCOME STATEMENT AND STATEMENT OF APPROPRIATION OF RETAINED EARNINGS FOR THE 37TH FISCAL YEAR (FROM JANUARY 1, 2005 TO DECEMBER 31, 2005), AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.		For	For	For
2	APPROVAL OF THE APPOINTMENT OF DIRECTORS: (A) INDEPENDENT DIRECTORS: GWI-HO CHUNG, JAE-SUNG HWANG, OH SOO PARK, CHAE-WOONG LEE AND DONG-MIN YOON.		For	For	For
3	APPROVAL OF THE APPOINTMENT OF DIRECTORS: (B) EXECUTIVE DIRECTORS: KUN-HEE LEE, JONG-YONG YUN, YOON-WOO LEE AND DOH-SEOK CHOI		For	For	For
4	APPROVAL OF THE APPOINTMENT OF DIRECTORS: (C) AUDIT COMMITTEE: JAE-SUNG HWANG AND CHAE-WOONG LEE.		For	For	For
5	APPROVAL OF THE COMPENSATION CEILING FOR THE DIRECTORS, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH.		For	For	For
Novartis AG		Shares Voted	150,198	Security	7103065
Meeting Date	02/28/06	Shares	150,198	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Share Re-registration Consent		For	For	For
Novartis AG		Shares Voted	150,198	Security	7103065
Meeting Date	02/28/06	Shares	150,198	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Discharge of Board and Senior Management		For	For	For
3	Approve Allocation of Income and Dividends of CHF 1.15 per Share		For	For	For
4	Approve CHF 5.1 Million Reduction in Share Capital		For	For	For
5	Amend Articles to Remove 12-Year Term Limit for Board Members		For	For	For
6.1	Accept Retirement of Helmut Sihler as Director		For	For	For
6.2.a	Reelect Srikant Datar as Director		For	For	For
6.2.b	Reelect William George as Director		For	For	For
6.2.c	Reelect Wendelin Wiedeking as Director		For	For	For
6.2.d	Reelect Rolf Zinkernagel as Director		For	For	For
6.3	Elect Andreas von Planta as Director		For	For	For
7	Ratify PricewaterhouseCoopers AG as Auditors		For	For	For
Danske Bank AS (Formerly Den Danske Bank)		Shares Voted	114,493	Security	4588825
Meeting Date	03/14/06	Shares	114,493	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Financial Statements; Approve Discharge of Management and Board; Approve Allocation of Income and Dividends of DKK 10 Per Share		For	For	For
2	Amend Articles Re: Reduce Board Term of Directors From Four to Two Years; Reduce Range of Shareholder-Elected Board Members (6-10); Removal of Article Concerning Director Election		For	For	For
3	Reelect Sten Scheibye, Birgit Aagaard-Svendsen, Alf Duch-Pedersen, Henning Christophersen, and Claus Vastrup to the Supervisory Board		For	For	For
4	Reappoint Grant Thornton and KPMG C. Jespersen as Auditors		For	For	For
5	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
6	Amend Articles Re: Delete Secondary Name; Extend Authorisations to Increase Share Capital to March 1, 2011; Allow Electronic Publishing of Meeting Notice; Remove Clause Concerning Discharge of Directors		For	Against	For
	Shareholder Proposal
7	Shareholder Proposal Re: Danske Bank As Place of Depository			Against
Banco Bilbao Vizcaya Argentaria		Shares Voted	249,010	Security	5501906
Meeting Date	03/18/06	Shares	249,010	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Individual and Consolidated Financial Statements and Statutory Reports for Fiscal Ended 12-31-05, Allocation of Income and Distribution of Dividends, and Discharge Directors		For	For	For
2	Fix Number of Directors
2.1	Appoint Tomas Alfaro Drake as Director		For	For	For
2.2	Relect Juan Carlos Alvarez Mezquiriz to Management Board		For	For	For
2.3	Relect Carlos Loring Martinez de Irujo to Management Board		For	For	For
2.4	Reelect Susana Rodriguez Vidarte to Management Board		For	For	For
3	Authorize Issuance of Non-Convertible Securities up to Aggregate Nominal Amount of EUR 105 Million		For	For	For
4	Authorize Repurchase of Shares by Company and/or Subsidiaries; Approve Capital Reduction Via Amortization of Shares		For	For	For
5	Reelect Deloitte & Touche Espana S.L. as Auditors for 2006		For	For	For
6	Approve Stock Compensation Plan for Executive Directors, including Executives Members of the Board, and Members of the Management Committee		For	For	For
7	Amend Article 53 of ByLaws Re: Include the Possibility to Compensate Board Members with Stock or Stock Options In Connection to the Value of the Shares		For	For	For
8	Approve Non-Executive Director Deferred Stock Compensation		For	For	For
9	Authorize Board to Ratify and Execute Approved Resolutions		For	For	For
ASML Holding NV (Formerly ASM Lithography Hldg)		Shares Voted	191,260	Security	5949368
Meeting Date	03/23/06	Shares	191,260	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2	Overview of Company's Business and Financial Situation
3	Approve Financial Statements and Statutory Reports		For	For	For
4	Approve Discharge of Management Board		For	For	For
5	Approve Discharge of Supervisory Board		For	For	For
6	Receive Explanation on Company's Reserves and Dividend Policy
7	Amend Articles Re: Cancel Priority Shares; Extend Term for Record Date		For	For	For
8	Approve Remuneration Report Containing Remuneration Policy for Management Board Members		For	For	For
9A	Approve Performance Stock Arrangement for Management Board		For	For	For
9B	Approve Performance Stock Option Arrangement for Management Board		For	For	For
9C	Approve Number of Stock Options Available for ASML Employee Stock Option Arrangements and Authorize Management Board to Issue Stock Options Pursuant to These Arrangements		For	For	For
9D	Authorize Management Board to Issue 22,000 Sign-on Stock and 22,000 Sign-on Stock Options to K.P. Fuchs		For	For	For
10	Receive Notification of Appointment of K.P. Fuchs to Management Board
11	Reelect J.A. Dekker to Supervisory Board		For	For	For
12	Receive Announcement That H. Bodt will Retire by Rotation in 2007
13A	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital without Preemptive Rights		For	For	For
13B	Authorize Board to Exclude Preemptive Rights from Issuance Under Item 13A		For	For	For
13C	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights		For	For	For
13D	Authorize Board to Exclude Preemptive Rights from Issuance Under Item 13C		For	For	For
14	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
15	Other Business (Non-Voting)
16	Close Meeting
Mobile Telesystems OJSC		Shares Voted	75,200	Security	2603225
Meeting Date	03/28/06	Shares	75,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve EGM Procedures		For	For	For
	Shareholder Proposals
2	Shareholder Proposal: Approve Early Termination of Powers of Board of Directors		For	For	For
	Shareholder Proposal: Elect Seven Directors by Cumulative Voting
3.1	Shareholder Proposal: Elect Alexey Buyanov as Director		For	Withhold	Abstain
3.2	Shareholder Proposal: Elect Alexandr Gorbunov as Director		For	Withhold	Abstain
3.3	Shareholder Proposal: Elect Vladimir Lagutin as Director		For	Withhold	Abstain
3.4	Shareholder Proposal: Elect Peter Middleton as Director		For	For	For
3.5	Shareholder Proposal: Elect Helmut Reuschenbach as Director		For	For	For
3.6	Shareholder Proposal: Elect Vasily Sidorov as Director		For	Withhold	Abstain
3.7	Shareholder Proposal: Elect Sergey Schebetov as Director		For	Withhold	Abstain
Securitas AB		Shares Voted	187,300	Security	5554041
Meeting Date	3/4/2006	Shares	187,300	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2	Elect Melker Schoerling as Chairman of Meeting		For	For	For
3	Prepare and Approve List of Shareholders		For	For	For
4	Approve Agenda of Meeting		For	For	For
5	Designate Inspector or Shareholder Representative(s) of Minutes of Meeting		For	For	For
6	Acknowledge Proper Convening of Meeting		For	For	For
7	Receive President's Report Including Summary of Board's Proposal to Issue Dividends and List Three Specialized Security Companies
8	Receive Financial Statements and Statutory Reports; Receive Board's Report on Activities of the Board, Including Activities of Remuneration and Audit Committees and Remuneration Policy
9.1	Approve Financial Statements and Statutory Reports		For	For	For
9.2	Approve Allocation of Income and Dividends of SEK 3.50 Per Share		For	For	For
9.3	Approve April 6, 2006 as Record Date for Dividends		For	For	For
9.4	Approve Discharge of Board and President		For	For	For
10	Determine Number of Members (10) and Deputy Members (0) of Board		For	For	For
11	Approve Remuneration of Directors in the Aggregate Amount of SEK 4.7 Million for Board and Committee Work		For	For	For
12	Reelect Thomas Berglund, Annika Falkengren, Carl Douglas, Gustaf Douglas, Berthold Lindqvist, Fredrik Palmstierna, Melker Schoerling (Chairman), Stuart Graham, and Sofia Schoerling as Directors; Elect Marie Ehrling as New Director		For	Against	Against
13	Reelect Gustaf Douglas (Chairman), Melker Schoerling, Marianne Nilsson, and Annika Andersson as Members of Nominating Committee		For	For	For
14	Amend Articles Re: Various Changes to Comply with New Swedish Companies Act		For	For	For
15	Close Meeting
Woodside Petroleum Ltd.		Shares Voted	22,283	Security	6979728
Meeting Date	11/4/2006	Shares	22,283	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive the Financial Report of the Company and the Reports of the Directors and Auditor for the Year Ended Dec. 31, 2005
2a	Elect Jillian Rosemary Broadbent as Director		For	For	For
2b	Elect Erich Fraunschiel as Director		For	For	For
2c	Elect Pierre Jean-Marie Henri Jungels as Director		For	For	For
2d	Elect Ashton Trevor Calvert as Director		For	For	For
2e	Elect David Ian McEvoy as Director		For	For	For
2f	Elect Michael Alfred Chaney as Director		For	For	For
2g	Elect Russell Ronald Caplan as Director		For	For	For
3	Adopt the Remuneration Report for the Year Ended Dec. 31, 2005		For	For	For
Alpha Bank (formerly Alpha Credit Bank )		Shares Voted	147,780	Security	4235864
Meeting Date	04/18/06	Shares	147,780	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Discharge of Board and Auditors		For	For	For
3	Approve Auditors and Authorize Board to Fix Their Remuneration		For	For	For
4	Approve Remuneration of Directors		For	For	For
5	Approve Accounting Treatment of Absorption of Delta Singular SA		For	For	For
6	Approve Discharge of Board and Auditors of Delta Singular SA		For	For	For
7	Authorize Share Repurchase Program		For	For	For
8	Issue and Allocate New Shares Following Capitalization of Reserves and Decrease of Par Value; Amend Articles Accordingly		For	For	For
9	Amend Articles Re: Codification		For	For	For
10	Allow Board to Issue 100 Percent of the Issued Capital Without the Preapproval of the General Meeting		For	Against	Against
11	Elect Independent Directors		For	Against	Against
12	Approve Stock Option Plan and Amend the Present One		For	Against	Against
13	Authorize Board and Managers of the Company to Participate in Boards and Management of Similar Companies		For	For	For
Great Eastern Holdings Ltd. (frm. Great East.Life Assu)		Shares Voted	274,000	Security	6235000
Meeting Date	04/18/06	Shares	274,000	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles of Association		For	For	For
2	Approve Preference Share Issue Mandate		For	For	For
Great Eastern Holdings Ltd. (frm. Great East.Life Assu)		Shares Voted	274,000	Security	6235000
Meeting Date	04/18/06	Shares	274,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		For	For	For
2	Declare Final Dividend of SGD 0.20 Per Share and Special Dividend of SGD 0.18 Per Share		For	For	For
3a1	Reelect Michael Wong Pakshong as Director		For	For	For
3a2	Reelect Lee Seng Wee as Director		For	For	For
3a3	Reelect Shaw Vee Meng as Director		For	For	For
3b1	Reelect Ho Tian Yee as Director		For	For	For
3b2	Reelect Tan Sri Dato' Lin See-Yan as Director		For	For	For
3b3	Reelect Neo Boon Siong as Director		For	For	For
3c	Reelect Lee Chien Shih as Director		For	For	For
4	Approve Directors' Fees of SGD 914,900 (2004: SGD 634,000)		For	For	For
5	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		For	For	For
6	Approve Issuance of Shares without Preemptive Rights		For	For	For
7	Approve Issuance of Shares and Grant of Options Pursuant to the Great Eastern Holdings Executives' Share Option Scheme		For	Against	Against
UBS AG		Shares Voted	46,932	Security	7126114
Meeting Date	04/19/06	Shares	46,932	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Share Re-registration Consent		For	For	For
UBS AG		Shares Voted	46,932	Security	7126114
Meeting Date	04/19/06	Shares	46,932	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Allocation of Income and Dividends of CHF 3.20 per Share		For	For	For
3	Approve Discharge of Board and Senior Management		For	For	For
4.1.1	Reelect Rolf Meyer as Director		For	For	For
4.1.2	Reelect Ernesto Bertarelli as Director		For	For	For
4.2.1	Elect Gabrielle Kaufmann-Kohler as Director		For	For	For
4.2.2	Elect Joerg Wolle as Director		For	For	For
4.3	Ratify Ernst & Young Ltd. as Auditors		For	For	For
4.4	Ratify BDO Visura as Special Auditors		For	For	For
5.1	Approve CHF 29.7 Million Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
5.2	Authorize Repurchase of Issued Share Capital		For	For	For
5.3	Approve Reduction in Share Capital via Capital Repayment of CHF 0.60 per Share		For	For	For
5.4	Approve 2:1 Stock Split		For	For	For
5.5.1	Amend Articles to Reflect Changes in Capital		For	For	For
5.5.2	Amend Articles Re: Capital Holding Requirement for Submitting Shareholder Proposals		For	For	For
6	Approve Creation of CHF 15 Million Pool of Capital without Preemptive Rights to Service Existing Stock Option Plan		For	Against	For
UBS AG		Shares Voted	46,932	Security	7126114
Meeting Date	04/19/06	Shares	46,932	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	ANNUAL REPORT, GROUP AND PARENT COMPANY ACCOUNTS FOR FINANCIAL YEAR 2005 REPORTS OF THE GROUP AND STATUTORY AUDITORS		For	For	For
2	APPROPRIATION OF RETAINED EARNINGS DIVIDEND FOR FINANCIAL YEAR 2005		For	For	For
3	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE GROUP EXECUTIVE BOARD		For	For	For
4	RE-ELECTION OF BOARD MEMBER: ROLF A. MEYER		For	For	For
5	RE-ELECTION OF BOARD MEMBER: ERNESTO BERTARELLI		For	For	For
6	ELECTION OF NEW BOARD MEMBER: GABRIELLE KAUFMANN-KOHLER		For	For	For
7	ELECTION OF NEW BOARD MEMBER: JOERG WOLLE		For	For	For
8	ELECTION OF THE GROUP AND STATUTORY AUDITORS		For	For	For
9	ELECTION OF THE SPECIAL AUDITORS		For	For	For
10	CANCELLATION OF SHARES REPURCHASED UNDER THE 2005/2006 SHARE BUYBACK PROGRAM		For	For	For
11	APPROVAL OF NEW SHARE BUYBACK PROGRAM FOR 2006/2007		For	For	For
12	ONE-TIME PAYOUT IN THE FORM OF A PAR VALUE REPAYMENT		For	For	For
13	SHARE SPLIT		For	For	For
14	AMENDMENTS TO ARTICLE 4 PARA. 1 AND ARTICLE 4A OF THE ARTICLES OF ASSOCIATION		For	For	For
15	REDUCTION OF THE THRESHOLD VALUE FOR AGENDA ITEM REQUESTS (ARTICLE 12 PARA. 1 OF THE ARTICLES OF ASSOCIATION)		For	For	For
16	CREATION OF CONDITIONAL CAPITAL, APPROVAL OF ARTICLE 4A PARA. 2 OF THE ARTICLES OF ASSOCIATION		For	Against	Against
Zurich Financial Services AG		Shares Voted	19,638	Security	5983816
Meeting Date	04/20/06	Shares	19,638	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Share Re-registration Consent		For	For	For
Vivendi Universal SA (Formerly Vivendi)		Shares Voted	143,219	Security	4834777
Meeting Date	04/20/06	Shares	143,219	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Special Business
1	Change Company Name to Vivendi and Amend Bylaws Accordingly		For	For	For
	Ordinary Business
2	Approve Financial Statements and Statutory Reports		For	For	For
3	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	Against	Against
5	Approve Allocation of Income and Dividends of EUR 1 per Share		For	For	For
6	Reelect Fernando Falco y Fernandez de Cordova as Supervisory Board Member		For	For	For
7	Reelect Gabriel Hawawini as Supervisory Board Member		For	For	For
8	Ratify Barbier Frinault & Autres as Auditor		For	For	For
9	Ratify Auditex as Alternate Auditor		For	For	For
10	Authorize Share Repurchase Program of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
11	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
12	Authorize Filling of Required Documents/Other Formalities		For	For	For
Zurich Financial Services AG		Shares Voted	19,638	Security	5983816
Meeting Date	04/20/06	Shares	19,638	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Allocation of Income and Dividends of CHF 4.60 per Share		For	For	For
3	Approve CHF 345.6 Million Reduction in Share Capital; Approve Capital Repayment of CHF 2.40 per Share		For	For	For
4	Renew Existing Pool of Capital for Further Two Years		For	For	For
5	Amend Articles Re: Board Responsibilities and Board Committees		For	For	For
6	Approve Discharge of Board and Senior Management		For	For	For
7.1.1	Elect Don Nicolaisen as Director		For	For	For
7.1.2	Elect Fred Kindle as Director		For	For	For
7.1.3	Elect Tom de Swaan as Director		For	For	For
7.1.4	Reelect Thomas Escher as Director		For	For	For
7.1.5	Reelect Philippe Pidoux as Director		For	For	For
7.1.6	Reelect Vernon Sankey as Director		For	For	For
7.2	Ratify PricewaterhouseCoopers Ltd. as Auditors		For	For	For
Advanced Info Service PCL		Shares Voted	#####	Security	6412591
Meeting Date	04/24/06	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting		For	For	For
2	Approve Minutes of Previous AGM		For	For	For
3	Accept 2005 Operation Results		For	For	For
4	Accept Financial Statements and Statutory Reports		For	For	For
5	Approve Allocation of Income and Payment of Final Dividend of Baht 3.3 Per Share		For	For	For
6	Approve Auditors and Authorize Board to Fix Their Remuneration		For	For	For
7	Reelect Arun Churdboonchart, Boonklee Plangsiri, and Somprasong Boonyachai as Directors, Increase Board Size, and Approve Names and Number of Directors Who Have Signing Authority		For	For	For
8	Approve Remuneration of Directors		For	For
9	Approve Issuance of 10.14 Million Warrants to Directors and Employees of the Company Under the Employee Stock Option Plan Grant V (ESOP Grant V)		For	For
10	Approve Allocation of 10.14 Million New Ordinary Shares Pursuant to the ESOP Grant V		For	For
11	Approve Issuance of Warrants Under the ESOP Grant V to Directors and Employees that are Allocated with More Than 5 Percent of the Total Number of Warrants Issued		For	For
12	Approve Allocation of 615,800 Additional Ordinary Shares Pursuant to the Employee Stock Option Plan Grant 1, 2, 3, and 4		For	For	For
13	Other Business		For	For	For
ING Groep NV		Shares Voted	134,300	Security	7154182
Meeting Date	04/25/06	Shares	134,300	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Opening and Approval of the Webcasting of This Present Meeting and Subsequent Shareholders' Meetings		For	For	For
2a	Receive Report of Executive and Supervisory Board
2b	Discussion on Profit Retention and Distribution Policy
3a	Approve Financial Statements and Statutory Reports		For	For	For
3b	Approve Allocation of Income and Dividends of EUR 1.18 per Share		For	For	For
4a	Approve Discharge of Executive Board		For	For	For
4b	Approve Discharge of Supervisory Board		For	For	For
5	Discussion on Company's Corporate Governance Structure
6a	Elect Dick Harryvan to Management Board		For	For	For
6b	Elect Tom McInerney to Management Board		For	For	For
6c	Elect Hans van der Noordaa to Management Board		For	For	For
6d	Elect Jacques de Vaucleroy to Management Board		For	For	For
7a	Reelect Cor Herkstroter to Supervisory Board		For	For	For
7b	Reelect Karel Vuursteen to Supervisory Board		For	For	For
7c	Elect Piet Klaver to Supervisory Board		For	For	For
8	Approve Stock Option Grants and Performance Shares for the Members of Executive Board		For	For	For
9	Approve Amendment Pension Scheme of the Executive Board		For	For	For
10	Approve Remuneration of Supervisory Board		For	For	For
11a	Grant Board Authority to Issue 220 Million Ordinary Shares Restricting/Excluding Preemptive Rights (Plus 220 Million Ordinary Shares in Connection with Merger)		For	For	For
11b	Grant Board Authority to Issue 10 Million Preference B Shares in Connection with Conversion of ING Perpetuals III		For	For	For
12a	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
12b	Authorize Repurchase of 24,051,039 Depositary Receipts for Preference A Shares		For	For	For
12c	Authorize Repurchase Preference A Shares or Depositary Receipts for Preference A Shares		For	For	For
13	Approve Cancellation of Preference A shares Which are Held by ING Groep N.V.		For	For	For
14a	Approval of the English language as the Official Language of the Annual Report with Effect From the 2006 Report		For	For	For
14b	Approval of the English Language as the Official Language as of the 2007 Shareholders' Meeting		For	For	For
15	Other Business (Non-Voting)
Akzo-Nobel Nv		Shares Voted	51,863	Security	5458314
Meeting Date	04/25/06	Shares	51,863	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2	Receive Report of Management Board
3a	Approve Financial Statements and Statutory Reports		For	For	For
3b	Approve Dividends of EUR 1.20 Per Share		For	For	For
4a	Approve Discharge of Management Board		For	For	For
4b	Approve Discharge of Supervisory Board		For	For	For
5	Elect L.R. Hughes and A. Burgmans as Director; Reelect K. Vuursteen and A. Merieux to Supervisory Board		For	For	For
6	Approve Remuneration of Supervisory Board		For	For	For
7	Amend Remuneration Policy for Management Board Members		For	For	For
8	Determination of Maximum Number of Shares Available for Long-Term Incentive Plans		For	For	For
9a	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger		For	For	For
9b	Authorize Board to Exclude Preemptive Rights from Issuance Under Item 9a		For	For	For
10	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
11	Other Business (Non-Voting)
Bouygues SA		Shares Voted	95,611	Security	4002121
Meeting Date	04/26/06	Shares	95,611	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting For Holders of Voting Certificates
1	Approve Conversion of Voting Certificates into Ordinary Shares		For	For	For
2	Authorize Filling of Required Documents/Other Formalities		For	For	For
Wolters Kluwer Nv		Shares Voted	222,405	Security	5671519
Meeting Date	04/26/06	Shares	222,405	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2a	Receive Report of Management Board
2b	Receive Report of Supervisory Board
3a	Approve Financial Statements and Statutory Report		For	For	For
3b	Approve Dividends of EUR 0.55 Per Share in Cash or in the Form of Ordinary Shares		For	For	For
4a	Approve Discharge of Management Board		For	For	For
4b	Approve Discharge of Supervisory Board		For	For	For
5	Amend Articles Re: Terminate the Administration of Shares		For	For	For
6a	Reelect A. Baan to Supervisory Board		For	For	For
6b	Elect S.B. James to Supervisory Board		For	For	For
7a	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger		For	For	For
7b	Authorize Board to Exclude Preemptive Rights from Issuance Under Item 7a		For	For	For
8	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
9	Proposal that English be Designated as the Official Language of the Annual Report and the Financial Statements		For	For	For
10	Other Business (Non-Voting)
11	Close Meeting
Celesio AG (formerly Gehe AG)		Shares Voted	23,086	Security	5105182
Meeting Date	04/27/06	Shares	23,086	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Management Proposals
1	Receive Financial Statements and Statutory Reports
2	Approve Allocation of Income and an Ordinary Dividends of EUR 1.35 and a Special Dividens of EUR 0.05 per Share		For	For	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5	Elect Eckhard Cordes to the Supervisory Board		For	For	For
6	Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2006		For	For	For
7.a	Approve 2:1 Stock Split		For	For	For
7.b	Convert Form of Securities		For	For	For
7.c	Amend Articles to Reflect Changes in Capital		For	For	For
8	Amend Articles Re: Conducting of Shareholder Meetings due to New German Legislation (Law on Company Integrity and Modernization of the Right of Avoidance)		For	For	For
9	Approve Affiliation Agreements with Subsidiary Admenta Deutschland GmbH		For	For	For
	Shareholder Proposals Submitted by Franz Haniel & Cie. GmbH
10	Authorize Management Board Not to Disclose Individualized Remuneration of its Members		For	Against	For
Bouygues SA		Shares Voted	95,611	Security	4002121
Meeting Date	04/27/06	Shares	95,611	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Discharge Directors		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 0.90 per Share or Investment Certificate		For	For	For
4	Approve Accounting Transfer from Special Long-Term Capital Gains Reserve Account to Other Reserves Account		For	For	For
5	Approve Special Auditors' Report Regarding Related-Party Transactions		For	Against	Against
6	Ratify Appointment of Patricia Barbizet as Director		For	Against	Against
7	Ratify Appointment of Francois-Jean-Henri Pinault as Director		For	Against	Against
8	Reelect Martin Bouygues as Director		For	For	For
9	Reelect Monique Bouygues as Director		For	Against	Against
10	Reelect Georges Chodron de Courcel as Director		For	Against	Against
11	Elect Francois Bertiere as Director		For	Against	Against
12	Change Location of Registered Office		For	For	For
13	Authorize Repurchase of Up to Ten Percent of Issued Share Capital or Investment Certificates		For	For	For
14	Approve Issuance of Free Warrants without Preemptive Rights Up to an Aggregate Nominal Amount of EUR 150 Million During a Takeover		For	Against	Against
	Special Business
15	Approve Conversion of Investment Certificates and Voting Certificates into Ordinary Shares Pursuant to Approval of Conversion of Investment Certificates and Voting Certificates into Ordinary Shares by Special Meeting for Holders of Voting Certificates		For	For	For
16	Authorize Board to Increase Capital During Takeover		For	Against	Against
17	Approve Issuance of Free Warrants without Preemptive Rights Up to an Aggregate Nominal Amount of EUR 150 Million During a Takeover		For	Against	Against
18	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
19	Approve Issuance of Preference Shares without Voting Rights Up to an Aggregate Nominal Amount of EUR 10 Million		For	Against	Against
20	Amend Articles of Association Re: Term of Mandate for Censors		For	For	For
21	Authorize Filling of Required Documents/Other Formalities		For	For	For
Astrazeneca Plc (Formerly Zeneca Plc)		Shares Voted	36,920	Security	989529
Meeting Date	04/27/06	Shares	36,920	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve First Interim Dividend of USD 0.38 (21.9 pence, SEK2.99)Per Ordinary Share and to Confirm a Final Dividend of USD 0.92 (51.8 Pence, SEK7.02) Per Ordinary Share		For	For	For
3	Reappoint KPMG Audit Plc as Auditors of the Company		For	For	For
4	Authorise Board to Fix Remuneration of Auditors		For	For	For
5a	Re-elect Louis Schweitzer as Director		For	For	For
5b	Re-elect Hakan Mogren as Director		For	For	For
5c	Elect David Brennan as Director		For	For	For
5d	Re-elect Jonathan Symonds as Director		For	For	For
5e	Elect John Patterson as Director		For	For	For
5f	Re-elect Sir Peter Bonfield as Director		For	For	For
5g	Re-elect John Buchanan as Director		For	For	For
5h	Re-elect Jane Henney as Director		For	For	For
5i	Re-elect Michele Hooper as Director		For	For	For
5j	Re-elect Joe Jimenez as Director		For	For	For
5k	Re-elect Erna Moller as Director		For	For	For
5l	Re-elect Marcus Wallenberg as Director		For	For	For
5m	Elect Darne Rothwell as Director		For	For	For
6	Approve Remuneration Report		For	For	For
7	Approve EU Political Donations and Incur EU Political Expenditure up to USD 150,000		For	For	For
8	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of USD 131,364,668		For	For	For
9	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 19,704,700		For	For	For
10	Authorise Ten Percent of the Company's Issued Share Capital for Market Purchase		For	For	For
Barclays Plc		Shares Voted	461,000	Security	3134865
Meeting Date	04/27/06	Shares	461,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Elect Fulvio Conti as Director		For	For	For
4	Elect Danie Cronje as Director		For	For	For
5	Elect Robert Diamond Jr. as Director		For	For	For
6	Elect Robert Steel as Director		For	For	For
7	Elect John Sunderland as Director		For	For	For
8	Re-elect Dame Dawson as Director		For	For	For
9	Re-elect Sir Richard Broadbent as Director		For	For	For
10	Re-elect Gary Hoffman as Director		For	For	For
11	Re-elect Naguib Kheraj as Director		For	For	For
12	Re-elect Sir Nigel Rudd as Director Nigel Rudd as Director		For	For	For
13	Reappoint PricewaterhouseCoopers LLP as Auditors of the Company		For	For	For
14	Authorize Board to Fix Remuneration of Auditors		For	For	For
15	Authorise the Company to make EU Political Organisation Donations up to GBP 25,000 and Incur EU Political Expenditure up to GBP 25,000		For	For	For
16	Authorise Barclays Bank plc to make EU Political Organisation Donations up to GBP 100,000 and Incur EU Political Expenditure up to GBP 100,000		For	For	For
17	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 541,215,604		For	For	For
18	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 81,182,340		For	For	For
19	Authorise 968,600,000 Ordinary Shares for Market Purchase		For	For	For
Scottish & Newcastle PLC		Shares Voted	276,000	Security	783969
Meeting Date	04/27/06	Shares	276,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Approve Final Dividend of 14.09 Pence Per Ordinary Share		For	For	For
4	Re-elect Tony Froggatt as Director		For	For	For
5	Re-elect Sir Angus Grossart as Director		For	For	For
6	Re-elect John Nicolson as Director		For	For	For
7	Re-elect Sir Brian Stewart as Director		For	For	For
8	Elect Phillip Bowman as Director		For	For	For
9	Re-elect Ian McAllister as Director		For	For	For
10	Reappoint Ernst & Young LLP as Auditors of the Company		For	For	For
11	Authorise Board to Fix Remuneration of Auditors		For	For	For
12	Approve the Scottish & Newcastle Global Share Plan		For	For	For
13	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 34,000,000		For	For	For
14	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 8,900,000		For	For	For
15	Authorise 89,000,000 Ordinary Shares for Market Purchase		For	For	For
Orkla A/S		Shares Voted	5,949	Security	5459715
Meeting Date	04/27/06	Shares	5,949	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 7.50 per Share		For	For	For
2	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
3	Approve Creation of NOK 90 Million Pool of Conditional Capital without Preemptive Rights		For	Against	Against
4	Receive Information on Remuneration Policy And Other Terms of Employment For Executive Management
5	Reelect Pettersson and Waersted as Members of Corporate Assembly; Elect Ruzicka, Windfeldt, Gudefin, Svarva, Mejdell, and Blystad as New Members of Corporate Assembly; Elect Bjoern and Brautaset as Deputy Members of Corporate Assembly		For	For	For
6	Reelect Elisabeth Grieg, Idar Kreutzer, and Leiv Askvig as Members of Nominating Committee; Elect Olaug Svarva as New Member of Nominating Committee		For	For	For
7	Approve Remuneration of Members of Nominating Committee		For	For	For
8	Approve Remuneration of Auditors		For	For	For
United Overseas Bank		Shares Voted	305,000	Security	6916781
Meeting Date	04/27/06	Shares	305,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Adopt Financial Statements and Directors' and Auditors' Reports		For	For	For
2	Declare Final Dividend of SGD 0.40 Per Share		For	For	For
3	Approve Directors' Fees of SGD 760,000 (2004: SGD 600,000)		For	For	For
4	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		For	For	For
5	Reelect Cham Tao Soon as Director		For	For	For
6	Reelect Philip Yeo Liat Kok as Director		For	For	For
7	Reelect Michael Lien Jown Leam as Director		For	For	For
8	Reelect Wee Chow Yaw as Director		For	Against	Against
9	Reelect Lim Pin as Director		For	For	For
10	Approve Issuance of Shares without Preemptive Rights		For	For	For
11	Approve Issuance of Preference Shares		For	For	For
United Overseas Bank		Shares Voted	305,000	Security	6916781
Meeting Date	04/27/06	Shares	305,000	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles of Association		For	For	For
2	Authorize Share Repurchase Program		For	For	For
3	Approve Preference Share Issue Mandate		For	For	For
Sekisui House Ltd.		Shares Voted	189,000	Security	6793906
Meeting Date	04/27/06	Shares	189,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 10, Final JY 10, Special JY 0		For	For	For
2.1	Elect Director		For	For	For
2.2	Elect Director		For	For	For
2.3	Elect Director		For	For	For
2.4	Elect Director		For	For	For
2.5	Elect Director		For	For	For
2.6	Elect Director		For	For	For
2.7	Elect Director		For	For	For
2.8	Elect Director		For	For	For
2.9	Elect Director		For	For	For
2.1	Elect Director		For	For	For
2.11	Elect Director		For	For	For
2.12	Elect Director		For	For	For
3.1	Appoint Internal Statutory Auditor		For	For	For
3.2	Appoint Internal Statutory Auditor		For	Against	Against
4	Approve Retirement Bonuses for Directors and Statutory Auditors and Special Payments to Continuing Directors and Statutory Auditors in Connection with Abolition of Retirement Bonus System		For	Against	Against
5	Approve Deep Discount Stock Option Plan		For	For	For
6	Approve Adjustment to Aggregate Compensation Ceiling for Statutory Auditors		For	For	For
Technip (Formerly Technip-Coflexip)		Shares Voted	40,027	Security	4874160
Meeting Date	04/28/06	Shares	40,027	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Approve Allocation of Income and Dividends of EUR 0.92 per Share		For	For	For
3	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
5	Approve Discharge of Board and President		For	For	For
6	Approve Remuneration of Directors in the Aggregate Amount of EUR 300,000		For	For	For
7	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
8	Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 15,000,000		For	For	For
9	Authorize Board to Increase Capital in the Event of Demand Exceeding Amounts Submitted to Shareholder Vote Above or Approved by Shareholders in Item 2 of General Meeting Held on April 29, 2005		For	For	For
10	Authorize up to One Percent of Issued Capital for Use in Restricted Stock Plan		For	Against	Against
11	Approve/Amend Employee Savings-Related Share Purchase Plan		For	For	For
	Ordinary Business and Special Business
12	Authorize Filling of Required Documents/Other Formalities		For	For	For
OTP Bank RT		Shares Voted	17,341	Security	4678704
Meeting Date	04/28/06	Shares	17,341	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Board of Directors Report on Company's 2005 Business Operations; Approve Financial Statements (Non-consolidated and Consolidated); Approve Allocation of Income		For	For	For
2	Accept Supervisory Board Report		For	For	For
3	Accept Auditor Report		For	For	For
4	Accept Board of Directors Report on Company's Business Policy in 2006		For	For	For
5	Approve Auditor and Fix Their Remuneration		For	For	For
6	Elect Board of Directors		For	For	For
7	Approve Remuneration of Board of Directors and Supervisory Board		For	For	For
8	Approve Incentive Program for Management for Years 2006 to 2010		For	Against	Against
9	Amend Articles of Association		For	Against	Against
10	Authorize Share Repurchase Program		For	For	For
Carrefour S.A.		Shares Voted	97,300	Security	5641567
Meeting Date	2/5/2006	Shares	97,300	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Discharge Management Board		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 1 per Share		For	For	For
4	Authorize Repurchase of Up to Three Percent of Issued Share Capital		For	For	For
	Special Business
5	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
6	Approve Employee Savings-Related Share Purchase Plan		For	For	For
7	Amend Articles of Association in order to Reflect Legal Changes		For	For	For
8	Change Location of Registered Office		For	For	For
WESTFIELD GROUP		Shares Voted	182,000	Security	B01BTX7
Meeting Date	2/5/2006	Shares	182,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports
2	Approve Remuneration Report		For	For	For
3	Elect David Gonski as Director		For	For	For
4	Elect Stephen P Johns as Director		For	For	For
5	Elect Steven M Lowy as Director		For	For	For
6	Elect Carla M Zampatti as Director		For	For	For
Alpha Bank (formerly Alpha Credit Bank )		Shares Voted	147,780	Security	4235864
Meeting Date	2/5/2006	Shares	147,780	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles and Codification		For	Against	Against
2	Allow Board to Issue 100 Percent of the Issued Capital without the Preapproval of the General Meeting		For	Against	Against
3	Approve Stock Option Plan and Amend Existing One		For	Against	Against
Allianz AG (formerly Allianz Holding AG)		Shares Voted	28,900	Security	5231485
Meeting Date	3/5/2006	Shares	28,900	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports for Fiscal 2005
2	Approve Allocation of Income and Dividends of EUR 2.00 per Share		For	For	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5	Approve Affiliation Agreement with Subsidiary Allianz Alternative Assets Holding GmbH		For	For	For
ROLLS-ROYCE GROUP PLC		Shares Voted	752,000	Security	3283648
Meeting Date	3/5/2006	Shares	752,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Elect Colin Smith as Director		For	For	For
4	Re-elect Peter Byrom as Director		For	For	For
5	Re-elect Sir John Rose as Director		For	For	For
6	Re-elect Ian Strachan as Director		For	For	For
7	Re-elect Carl Symon as Director		For	For	For
8	Reappoint KPMG Audit plc as Auditors and Authorise the Board to Determine Their Remuneration		For	For	For
9	Authorize Capitalization of Reserves up to GBP 200,000,000 for Bonus Issue; Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 200,000,000		For	For	For
10	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 119,988,226		For	For	For
11	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 17,998,233		For	For	For
12	Authorise 176,956,928 Ordinary Shares for Market Purchase		For	For	For
E.ON AG (formerly Veba Ag)		Shares Voted	61,577	Security	4942904
Meeting Date	4/5/2006	Shares	61,577	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports
2	Approve Allocation of Income and an Ordinary Dividends of EUR 2.75 per Share and Bonus Dividend of EUR 4.25 per Share		For	For	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5	Authorize Share Repurchase Program and Reissuance of Repurchased Shares		For	For	For
6	Approve Affiliation Agreements with Subsidiary E.ON Zwoelfte Verwaltungs GmbH		For	For	For
7	Approve Affiliation Agreements with Subsidiary E.ON Dreizehnte Verwaltungs GmbH		For	For	For
8	Amend Articles Re: Conducting of Shareholder Meetings due to New German Legislation (Law on Company Integrity and Modernization of the Right of Avoidance)		For	For	For
9	Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2006		For	For	For
Rio Tinto Ltd. (Formerly Cra Ltd.)		Shares Voted	90,556	Security	6220103
Meeting Date	4/5/2006	Shares	90,556	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Buy Backs by the Company of Its Fully Paid Ordinary Shares Under Off-Market Buy Back Tenders and On-market Over the 12 Months, Provided That the Number Bought Back Under This Authority Does Not Exceed 28.5 Million Shares		For	For	For
2	Approve the Renewal of the Company's Authority to Buy Back Up to All the Ordinary Shares Held by Tinto Holdings Australia Pty Ltd		For	For	For
3	Approve Proposed Amendments Related to the 'Change of Control' Provisions in the Company's Constitution and in the Rio Tinto Plc Articles of Association, and to the 'Borrowing Powers' Provision in the Rio Tinto Plc Articles of Association		For	Against	For
4	Elect Tom Albanese as Director		For	For	For
5	Elect Rod Eddington as Director		For	For	For
6	Elect David Clementi as Director		For	For	For
7	Elect Leigh Clifford as Director		For	For	For
8	Elect Andrew Gould as Director		For	For	For
9	Elect David Mayhew as Director		For	For	For
10	Approve the Appointment of PricewaterhouseCoopers LLP as Auditors and Authorize the Audit Committee to Determine the Auditors' Remuneration		For	For	For
11	Approve the Remuneration Report for the Year Ended Dec. 31, 2005		For	For	For
12	Accept Financial Statements and Statutory Reports		For	For	For
Axa (Formerly Axa-Uap)		Shares Voted	164,200	Security	7088429
Meeting Date	4/5/2006	Shares	164,200	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 0.88 per Share		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
5	Election of Norbert Dentressangle as Supervisory Board Member		For	For	For
6	Ratify PricewaterhouseCoopers Audit as Auditor		For	For	For
7	Ratify Patrick Frotiee as Alternate Auditor		For	For	For
8	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
9	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
10	Authorize Filling of Required Documents/Other Formalities		For	For	For
Standard Chartered PLC		Shares Voted	192,000	Security	408284
Meeting Date	4/5/2006	Shares	192,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend of 45.06 US Cents Per Ordinary Share		For	For	For
3	Approve Remuneration Report		For	For	For
4	Re-elect Mervyn Davies as Director		For	For	For
5	Re-elect Mike DeNoma as Director		For	For	For
6	Re-elect Peter Sands as Director		For	For	For
7	Re-elect Sir CK Chow as Director		For	For	For
8	Re-elect Rudy Markham as Director		For	For	For
9	Re-elect Hugh Norton as Director		For	For	For
10	Re-elect Bryan Sanderson as Director		For	For	For
11	Reappoint KPMG Audit Plc as Auditors of the Company		For	For	For
12	Authorize Board to Fix Remuneration of Auditors		For	For	For
13	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of USD 219,978,312 (Relevant Securities, Scrip Dividend Schemes and Exchangeable Securities); and Otherwise up to USD 131,986,987		For	For	For
14	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount Equal to the Company's Share Capital Repurchased by the Company Pursuant to Resolution 16		For	For	For
15	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 32,996,746		For	For	For
16	Authorise the Company 131,986,987 Ordinary Shares for Market Purchase		For	For	For
17	Authorise 328,388 Dollar Preference Shares and 195,285,000 Sterling Preference Shares for Market Purchase		For	For	For
18	Authorise the Company to Make Donations to EU Political Organization Donation up to GBP 100,000 and to Incur EU Political Ependiture up to GBP 100,000		For	For	For
19	Authorise Standard Chartered Bank to Make EU Political Organization Donations up to GBP 100,000 and to Incur EU Political Ependiture up to GBP 100,000		For	For	For
20	Amend Standard Chartered 2001 Performance Share Plan		For	For	For
21	Approve Standard Chartered 2006 Resticted Share Scheme		For	For	For
BAE Systems PLC		Shares Voted	#####	Security	263494
Meeting Date	4/5/2006	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Approve Final Dividend of 6.3 Pence Per Ordinary Share		For	For	For
4	Re-elect Susan Birley as Director		For	For	For
5	Re-elect Christopher Geoghegan as Director		For	For	For
6	Re-elect Michael Lester as Director		For	For	For
7	Elect Philip Carroll as Director		For	For	For
8	Elect Roberto Quarta as Director		For	For	For
9	Elect Peter Weinberg as Director		For	For	For
10	Reappoint KPMG Audit Plc as Auditors of the Company		For	For	For
11	Authorise Board to Fix Remuneration of Auditors		For	For	For
12	Approve Bae Systems Performance Share Plan 2006		For	For	For
13	Approve Bae Systems Share Matching Plan		For	For	For
14	Authorise the Company to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
15	Authorise BAE Systems Marine Limited to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
16	Authorise BAE Systems (Operations) Limited to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
17	Authorise BAE Systems Land Systems (Munitions and Ordnance) Ltd. to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
18	Authorise BAE Systems Land Systems (Weapons and Vehicles) Ltd. to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
19	Authorise Land Systems Hagglunds AB to Make EU Political Organisations Donations and Incur EU Political Expenditure up to GBP 100,000		For	For	For
20	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 26,829,626		For	For	For
21	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 4,024,846		For	For	For
22	Authorise 321,987,720 Ordinary Shares for Market Purchase		For	For	For
Suez SA(Formerly Suez Lyonnaise Des Eaux)		Shares Voted	116,000	Security	7118047
Meeting Date	5/5/2006	Shares	116,000	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Approve Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 1 per Share		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	Against	Against
5	Reelect Jean-Jacque Salane as Director		For	Against	Against
6	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
7	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 500 Million		For	For	For
8	Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 500 Million		For	For	For
9	Authorize Board to Set Issue Price for 10 Percent of Issued Capital Pursuant to Issue Authority without Preemptive Rights		For	Against	Against
10	Approve Issuance of Free Warrants up to an Aggregate Nominal		For	Against	Against
11	Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 5 Billions		For	For	For
12	Approve Employee Savings-Related Share Purchase Plan		For	For	For
13	Approve Issuance of up to 15 Million Shares to Spring Multiple 2006 SCA in Connection with Share Purchase Plan for Employees of International Subsidiaries		For	For	For
14	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
15	Amend Articles of Association Re: Shareholding Disclosure Threshold		For	Against	Against
16	Authorize Filling of Required Documents/Other Formalities		For	For	For
SAP AG		Shares Voted	26,300	Security	4846288
Meeting Date	9/5/2006	Shares	26,300	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports
2	Approve Allocation of Income and Dividends of EUR 1.45 per Share		For	For	For
3	Approve Discharge of Management Board for Fiscal Year 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal Year 2005		For	For	For
5	Ratify KPMG Deutsche Treuhand-Gesellschaft AG as Auditors for Fiscal Year 2006		For	For	For
6	Approve EUR 950 Million Capitalization of Reserves		For	For	For
7	Amend Articles Re: Supervisory Board Remuneration		For	For	For
8a	Approve Creation of EUR 180 Million Pool of Capital with Preemptive Rights (Conditional Capital Ia)		For	For	For
8b	Approve Creation of EUR 180 Million Pool of Capital without Preemptive Rights (Conditional Capital IIa)		For	For	For
9	Authorize Share Repurchase Program and Reissuance of Repurchased Shares		For	For	For
10	Authorize Use of Financial Derivatives Method When Repurchasing Shares		For	Against	For
11a	Approve Issuance of Convertible Bonds and/or Bonds with Warrants Attached up to Aggregate Nominal Amount of EUR 5 Billion with Preemptive Rights; Approve Creation of EUR 25 Million Pool of Capital to Guarantee Conversion Rights (Conditional Capital IV)		For	For	For
11b	Approve Issuance of Convertible Bonds and/or Bonds with Warrants Attached up to Aggregate Nominal Amount of EUR 5 Million with Preemptive Rights; Approve Creation of EUR 75 Million Pool of Capital to Guarantee Conversion Rights (Conditional Capital IVa)		For	For	For
11b	Approve Affiliation Agreements with Subsidiaries		For	For	For
Fresenius Medical Care AG		Shares Voted	22,300	Security	5129074
Meeting Date	9/5/2006	Shares	22,300	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports for Fiscal 2005; Accept Financial Statements and Statutory Reports for Fiscal 2005		For	For	For
2	Approve Allocation of Income and Dividends of EUR 1.23 per Common Share and EUR 1.29 per Preference Share		For	For	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5a	Elect Gerd Krick to the Supervisory Board		For	For	For
5b	Elect Dieter Schenk to the Supervisory Board		For	For	For
5c	Elect Bernd Fahrholz to the Supervisory Board		For	For	For
5d	Elect Walter Weisman to the Supervisory Board		For	For	For
5e	Elect John Kringel to the Supervisory Board		For	For	For
5f	Elect William Johnston to the Supervisory Board		For	For	For
6	Ratify KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft as Auditors for Fiscal 2006		For	For	For
7	Approve Stock Option Plan for Key Employees; Approve Creation of EUR 12.8 million Pool of Conditional Capital to Guarantee Conversion Rights		For	For	For
8	Amend Employee Stock Purchase Plan		For	For	For
9	Amend Articles Re: Setup of Joint Committee; Rules of Procedure of the Supervisory Board; Audit and Corporate Governance Committee		For	For	For
STATOIL ASA		Shares Voted	236,000	Security	7133608
Meeting Date	10/5/2006	Shares	236,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2	Registration of Attending Shareholders and Proxies		For	For	For
3	Elect Chairman of Meeting		For	For	For
4	Designate Representative to Co-Sign Minutes of Meeting Together With Chairman of Meeting		For	For	For
5	Approve Notice of Meeting and Agenda		For	For	For
6	Approve Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 8.20 per Share		For	For	For
7	Approve Remuneration of Auditors		For	For	For
8	Elect Members (8) and Deputy Members (3) of Corporate Assembly		For	For	For
9	Approve Remuneration of Members of Corporate Assembly		For	For	For
10	Amend Articles Re: Update Instructions and Define Election Procedures for Nominating Committee to Reflect Norwegian Corporate Governance Code		For	For	For
11	Elect Members of Nominating Committee		For	For	For
12	Approve Remuneration of Members of Nominating Committee		For	For	For
13	Approve NOK 58.6 Million Reduction in Share Capital via Share Cancellation		For	For	For
14	Authorize Share Repurchase Program and Cancellation of Repurchased Shares		For	For	For
15	Authorize Repurchase of Issued Shares up to NOK 10 Million Nominal Value for Employee Share Investment Plan		For	For	For
Aviva Plc		Shares Voted	422,000	Security	216238
Meeting Date	10/5/2006	Shares	422,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend of 17.44 Pence Per Ordinary Share		For	For	For
3	Elect Mary Francis as Director		For	For	For
4	Re-elect Richard Harvey as Director		For	For	For
5	Re-elect Carole Piwnica as Director		For	For	For
6	Re-elect Philip Scott as Director		For	For	For
7	Re-elect Patrick Snowball as Director		For	For	For
8	Re-elect Derek Stevens as Director		For	For	For
9	Re-elect Andre Villeneuve as Director		For	For	For
10	Reappoint Ernst & Young LLP as Auditors of the Company		For	For	For
11	Authorise Board to Fix Remuneration of Auditors		For	For	For
12	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 150,000,000		For	For	For
13	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 29,000,000		For	For	For
14	Approve Remuneration Report		For	For	For
15	Approve Inc. in Auth. Cap. from GBP 1,450,000,000 to GBP 1,950,000,000 and EUR 700,000,000; Auth. Issue of Equity without Pre-emptive Rights up to the New Pref. Shares; and Amend Articles of Association		For	For	For
16	Authorise 239,000,000 Ordinary Shares for Market Purchase		For	For	For
17	Authorise 100,000,000 8 3/4 Percent Preference Shares for Market Purchase		For	For	For
18	Authorise 100,000,000 8 3/8 Percent Preference Shares for Market Purchase		For	For	For
Cap Gemini SA		Shares Voted	97,896	Security	4163437
Meeting Date	11/5/2006	Shares	97,896	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Discharge Directors		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
4	Approve Standard Accounting Transfers		For	For	For
5	Approve Allocation of Income and Dividends of EUR 0.50 per Share		For	For	For
	Special Business
6	Amend Articles of Association Re: Reduce Director Term Limit from Six to Four Years		For	For	For
7	Amend Articles of Association Re: Reduce Censor Term from 6 to 2 Years		For	For	For
	Ordinary Business
8	Reelect Yann Delabriere as Director		For	For	For
9	Reelect Jean-Rene Fourtou as Director		For	For	For
10	Reelect Paul Hermelin as Director		For	For	For
11	Reelect Michel Jalabert as Director		For	For	For
12	Reelect Serge Kampf as Director		For	For	Against
13	Reelect Phil Laskawy as Director		For	For	For
14	Reelect Ruud van Ommeren as Director		For	For	For
15	Reelect Terry Ozan as Director		For	For	Against
16	Reelect Bruno Roger as Director		For	For	Against
17	Reappoint Pierre Hessler as Censor		For	For	For
18	Reappoint Geoff Unwin as Censor		For	For	For
19	Approve Remuneration of Directors in the Aggregate Amount of EUR 700,000		For	For	Against
20	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
21	Approve Reduction in Share Capital via Cancellation of Repurchased Shares		For	For	For
22	Authorize Capitalization of Reserves of Up to EUR 1.5 Billion for Bonus Issue or Increase in Par Value		For	For	For
23	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 450 Million		For	For	For
24	Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 200 Million		For	For	For
25	Authorize Board to Increase Capital in the Event of Demand Exceeding Amounts Submitted to Shareholder Vote Above		For	For	For
26	Authorize Capital Increase of Up to 10 percent for Future Exchange Offers		For	For	For
27	Set Global Limit for Capital Increase to Result from All Issuance Requests at EUR 450 Million		For	For	For
28	Approve Employee Savings-Related Share Purchase Plan		For	For	For
29	Amend Articles of Association to Reflect Changes in French Legislation Re: Attend Board Meetings by Way of Videoconference and of Telecommunication		For	For	For
30	Authorize Filling of Required Documents/Other Formalities		For	For	For
Fortis SA/NV		Shares Voted	176,200	Security	7266139
Meeting Date	11/5/2006	Shares	176,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Open Meeting
2.1	Receive Special Report on Authorized Capital
2.2	Approve the Creation of a New Authorized Capital with Exclusion of Preemptive Rights and the Possibility of Using during a Takeover		For	Against	Against
3.1	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
3.2	Authorize Alienation of the Repurchased Shares		For	For	For
4	Close Meeting
Total SA (Formerly Total Fina Elf S.A )		Shares Voted	47,544	Security	4905413
Meeting Date	12/5/2006	Shares	47,544	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 6.48 per Share		For	For	For
4	Approve Accounting Transfer from Special Long-Term Capital Gains Reserve Account to Other Reserves Account		For	For	For
5	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
6	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
7	Reelect Anne Lauvergeon as Director		For	For	For
8	Reelect Daniel Bouton as Director		For	Against	Against
9	Reelect Bertrand Collomb as Director		For	For	For
10	Reelect Antoine Jeancourt-Galignani as Director		For	For	For
11	Reelect Michel Pebereau as Director		For	Against	Against
12	Reelect Pierre Vaillaud as Director		For	For	For
13	Elect Christophe de Margerie as Director		For	Against	Against
	Special Business
14	Approve Partial Spin-Off Agreement to Arkema		For	For	For
15	Approve 10-for-2.50 Stock Split		For	For	For
16	Amend Article 11 Regarding the Number of Shares to Be Held By Directors		For	For	For
A	Amend Article 11 to Require a Majority of Independent Directors on Board		Against	For	For
B	Grant a Second Board Mandate to an Employee Shareholder Representative		Against	Against	Against
Unicredito Italiano SpA (Form .Credito Italiano)		Shares Voted	#####	Security	4232445
Meeting Date	12/5/2006	Shares	#####	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Accept Financial Statements, Consolidated Financial Statements, and Statutory Reports at Dec. 31, 2005; Presentation of the Social and Environmental Report		For	For	For
2	Approve Allocation of Income		For	For	For
3	Approve Group Personnel Long-Term Incentive Plan 2006		For	For	For
	Special Business
1	Authorize Board of Directors to Increase Capital up to EUR 21 Million Through the Issuance of up to 42 Million Shares Without Preemptive Rights, to Be Reserved to Managers and Directors of the Group Unicredito; Amend Bylaws Accordingly		For	For	For
2	Authorize Board of Directors to Increase Capital up to EUR 6.5 Million (Corresponding to 13 Million Shares) Through the Issuance of New Class of Shares to Be Reserved to Managers and Directors of the Group Unicredito; Amend Bylaws Accordingly		For	For	For
Aeon Co. Ltd. (formerly Jusco Co. Ltd.)		Shares Voted	415,000	Security	6480048
Meeting Date	12/5/2006	Shares	415,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles to: Expand Business Lines - Authorize Public Announcements in Electronic Format - Introduce Statement of Corporate Philosophy		For	Against	Against
2.1	Elect Director		For	For	For
2.2	Elect Director		For	For	For
2.3	Elect Director		For	For	For
2.4	Elect Director		For	For	For
2.5	Elect Director		For	Against	Against
2.6	Elect Director		For	For	For
2.7	Elect Director		For	For	For
2.8	Elect Director		For	Against	Against
3	Approve Deep Discount Stock Option Plan		For	Against	Against
Bayerische Motoren Werke AG (BMW)		Shares Voted	69,700	Security	5756029
Meeting Date	05/16/06	Shares	69,700	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports
2	Approve Allocation of Income and Dividends of EUR 0.64 per Common Share and EUR 0.66 per Preference Sharee		For	Against	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5	Ratify KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft as Auditors for Fiscal 2006		For	For	For
6	Elect Heinz-Joachim Neubuerger to the Supervisory Board		For	For	For
7	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
Royal Dutch Shell PLC		Shares Voted	385,000	Security	B03MLX2
Meeting Date	05/16/06	Shares	385,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Elect Jorma Ollila as Director		For	For	For
4	Elect Nick Land as Director		For	For	For
5	Re-elect Lord Kerr of Kinlochard as Director		For	For	For
6	Re-elect Jeroen van der Veer as Director		For	For	For
7	Re-elect Rob Routs as Director		For	For	For
8	Re-elect Wim Kok as Director		For	For	For
9	Reappoint PricewaterhouseCoopers LLP as Auditors of the Company		For	For	For
10	Authorise Board to Fix Remuneration of Auditors		For	For	For
11	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUD 155,000,000		For	For	For
12	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUD 23,000,000		For	For	For
13	Authorise 667,000,000 Ordinary Shares for Market Purchase		For	For	For
14	Authorise the Company to Make EU Political Organisation Donations up to GBP 200,000 and Incur EU Political Expenditure up to GBP 200,000		For	For	For
	Shareholder Proposals
15	Report on Social and Environment Impact Assessment		Against	Against	Against
GlaxoSmithKline Plc		Shares Voted	438,000	Security	925288
Meeting Date	05/17/06	Shares	438,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3	Elect Moncef Slaoui as Director		For	For	For
4	Elect Tom de Swaan as Director		For	For	For
5	Re-elect Lawrence Culp as Director		For	For	For
6	Re-elect Sir Crispin Davis as Director		For	For	For
7	Re-elect Ronaldo Schmitz as Director		For	For	For
8	Reappoint PricewaterhouseCoopers LLP as Auditors of the Company		For	For	For
9	Authorize Audit Committee to Fix Remuneration of Auditors		For	For	For
10	Approve the Company to Make EU Political Organisation Donations up to GBP 50,000 and Incur EU Political Expenditure up to GBP 50,000		For	For	For
11	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 485,201,557		For	For	For
12	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 72,780,233		For	For	For
13	Authorise 582,241,869 Ordinary Shares for Market Purchase		For	For	For
Commerzbank AG		Shares Voted	62,816	Security	4325538
Meeting Date	05/17/06	Shares	62,816	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Receive Financial Statements and Statutory Reports for Fiscal 2005
2	Approve Allocation of Income and Dividends of EUR 0.50 per Share		For	For	For
3	Approve Discharge of Management Board for Fiscal 2005		For	For	For
4	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
5	Elect Ulrich Middelmann to the Supervisory Board		For	For	For
6	Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2005		For	For	For
7	Amend Articles Re: Allow for Individual Supervisory Board Elections		For	For	For
8	Amend Articles Re: Conducting of Shareholder Meetings due to New German Legislation (Law on Company Integrity and Modernization of the Right of Avoidance)		For	For	For
9	Authorize Repurchase of up to Five Percent of Issued Share Capital for Trading Purposes		For	For	For
10	Authorize Share Repurchase Program and Reissuance of Repurchased Shares		For	For	For
11	Approve Creation of EUR 170 Million Pool of Capital with Preemptive Rights (Authorized Capital 2006/I)		For	For	For
12	Approve Creation of EUR 200 Million Pool of Capital without Preemptive Rights (Authorized Capital 2006/II)		For	For	For
13	Approve Employee Stock Purchase Plan; Approve Creation of EUR 12 Million Pool of Capital for Employee Stock Purchase Plan (Authorized Capital 2006/III)		For	For	For
Metro AG		Shares Voted	107,222	Security	5041413
Meeting Date	05/18/06	Shares	107,222	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Financial Statements; Approve Allocation of Income and Dividends of EUR 1.02 per Common Share and of EUR 1.12 per Preference Share		For	For	For
2	Approve Discharge of Management Board for Fiscal 2005		For	For	For
3	Approve Discharge of Supervisory Board for Fiscal 2005		For	For	For
4	Ratify KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft as Auditors for Fiscal 2006		For	For	For
5a	Elect Eckhard Cordes to the Supervisory Board		For	For	For
5b	Elect Peter Kuepfer to the Supervisory Board		For	For	For
6	Authorize Share Repurchase Program and Reissuance of Repurchased Shares		For	For	For
7	Amend Articles Re: Calling of and Registration for Shareholder Meetings due to New German Legislation (Law on Company Integrity and Modernization of the Right of Avoidance)		For	For	For
Legal & General Group Plc		Shares Voted	#####	Security	560399
Meeting Date	05/18/06	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend of 3.63 Pence Per Ordinary Share		For	For	For
3	Re-elect Beverley Hodson as Director		For	For	For
4	Re-elect Andrew Palmer as Director		For	For	For
5	Re-elect Robin Phipps as Director		For	For	For
6	Reappoint PricewaterhouseCoopers LLP as Auditors of the Company		For	For	For
7	Authorise Board to Fix Remuneration of Auditors		For	For	For
8	Approve Remuneration Report		For	For	For
9	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of GBP 8,134,277		For	For	For
10	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of GBP 8,134,277		For	For	For
11	Authorise 325,371,096 Ordinary Shares for Market Purchase		For	For	For
China Mobile (Hong Kong) Limited		Shares Voted	148,964	Security	2111375
Meeting Date	05/18/06	Shares	148,964	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	TO RECEIVE AND CONSIDER THE AUDITED FINANCIAL STATEMENTS AND THE REPORTS OF THE DIRECTORS AND AUDITORS FOR THE YEAR ENDED 31 DECEMBER 2005.		For	For	For
2	TO DECLARE A FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2005.		For	For	For
3.1	Elect Director Lu Xiangdong		For	For	For
3.2	Elect Director Xue Taohai		For	For	For
3.3	Elect Director Sha Yuejia		For	For	For
3.4	Elect Director Liu Aili		For	For	For
3.5	Elect Director Xin Fanfei		For	For	For
3.6	Elect Director Xu Long		For	For	For
3.7	Elect Director Lo Ka Shui		For	For	For
3.8	Elect Director Moses Cheng Mo Chi		For	For	For
4	Ratify Auditors		For	For	For
5	TO GIVE A GENERAL MANDATE TO THE DIRECTORS TO REPURCHASE SHARES IN THE COMPANY NOT EXCEEDING 10% OF THE AGGREGATE NOMINAL AMOUNT OF THE EXISTING ISSUED SHARE CAPITAL.		For	For	For
6	TO GIVE A GENERAL MANDATE TO THE DIRECTORS TO ISSUE, ALLOT AND DEAL WITH ADDITIONAL SHARES IN THE COMPANY NOT EXCEEDING 20% OF THE AGGREGATE NOMINAL AMOUNT OF THE EXISTING ISSUED SHARE CAPITAL.		For	Against	Against
7	TO EXTEND THE GENERAL MANDATE GRANTED TO THE DIRECTORS TO ISSUE, ALLOT AND DEAL WITH SHARES BY THE NUMBER OF SHARES REPURCHASED.		For	For	For
8	TO APPROVE THE CHANGE OF NAME OF THE COMPANY.		For	For	For
Cheung Kong Holdings		Shares Voted	388,000	Security	6190273
Meeting Date	05/18/06	Shares	388,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend		For	For	For
3a	Reelect Kam Hing Lam as Director		For	For	For
3b	Reelect Chung Sun Keung, Davy as Director		For	For	For
3c	Reelect Fok Kin-ning, Canning as Director		For	For	For
3d	Reelect Frank John Sixt as Director		For	For	For
3e	Reelect George Colin Magnus as Director		For	For	For
3f	Reelect Kwok Tun-li, Stanley as Director		For	For	For
3g	Reelect Hung Siu-lin, Katherine as Director		For	For	For
4	Appoint Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration		For	For	For
5a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	Against
5b	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		For	For	For
5c	Authorize Reissuance of Repurchased Shares		For	For	For
Lafarge		Shares Voted	39,900	Security	4502706
Meeting Date	05/24/06	Shares	39,900	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 2.55 per Share		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
5	Reelect Bernard Kasriel as Director		For	Against	Against
6	Reelect Jacques Lefevre as Director		For	Against	Against
7	Ratify Deloitte & Associes as Auditor		For	For	For
8	Ratify Ernst & Young as Auditor		For	For	For
9	Ratify BEAS as Alternate Auditor		For	For	For
10	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
11	Authorize Filling of Required Documents/Other Formalities		For	For	For
China Petroleum & Chemical Corp.		Shares Voted	#####	Security	6291819
Meeting Date	05/24/06	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept the Report of the Board of Directors		For	For	For
2	Accept the Report of the Supervisory Committee		For	For	For
3	Accept Financial Statements and Statutory Reports		For	For	For
4	Approve Profit Appropriation and Final Dividend		For	For	For
5	Approve PRC and International Auditors and Authorize Board to Fix Their Remuneration		For	For	For
6a	Elect Chen Tonghai as Director		For	For	For
6b	Elect Zhou Yuan as Director		For	For	For
6c	Elect Wang Tianpu as Director		For	For	For
6d	Elect Zhang Jianhua as Director		For	For	For
6e	Elect Wang Zhigang as Director		For	For	For
6f	Elect Dai Houliang as Director		For	For	For
6g	Elect Fan Yifei as Director		For	For	For
6h	Elect Yao Zhongmin as Director		For	For	For
6i	Elect Shi Wanpeng as Independent Non-Executive Director		For	For	For
6j	Elect Liu Zhongli as Independent Non-Executive Director		For	For	For
6k	Elect Li Deshui as Independent Non-Executive Director		For	For	For
7a	Elect Wang Zuoran as Supervisor		For	For	For
7b	Elect Zhang Youcai as Supervisor		For	For	For
7c	Elect Kang Xianzhang as Supervisor		For	For	For
7d	Elect Zou Huiping as Supervisor		For	For	For
7e	Elect Li Yonggui as Supervisor		For	For	For
8	Approve the Service Contracts Between Sinopec Corp. and Directors and Supervisors		For	For	For
9	Approve Connected Transactions and Annual Caps		For	Against	Against
10	Authorize Issue of Commercial Paper with a Maximum Amount Not Exceeding 10 Percent of the Latest Audited Amount of the Net Assets		For	Against	Against
11	Amend Articles of Association		For	For	For
Television Broadcast Ltd.		Shares Voted	515,000	Security	6881674
Meeting Date	05/24/06	Shares	515,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend of HK$1.30 Per Share		For	For	For
3a	Reelect Mona Fong as Director		For	For	For
3b	Reelect Li Dak Sum DSSc. as Director		For	For	For
3c	Reelect Kevin Lo Chung Ping as Director		For	For	For
4	Approve Remuneration of Directors		For	For	For
5	Reappoint Auditors and Authorize Board to Fix Their Remuneration		For	For	For
6a	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	For
6b	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		For	For	For
6c	Authorize Reissuance of Repurchased Shares		For	For	For
6d	Approve Extension of the Period of 30 Days During Which the Register of Members May Be Closed During the Calendar Year 2006		For	For	For
Eni Spa		Shares Voted	397,181	Security	7145056
Meeting Date	05/25/06	Shares	397,181	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Annual Meeting Agenda
1	Accept Financial Statements, Consolidated Financial Statements, and Statutory Reports for the Fiscal Year 2005		For	For	For
2	Approve Allocation of Income		For	For	For
3	Authorize Share Repurchase Program; Revoke Previously Granted Authorization to Repurchase Shares		For	For	For
4	Approve Stock Option Plan 2006-2008; Authorize Reissuance of Repurchased Shares to Service the Stock Option Plan		For	For	For
5	Approve Director and/or Internal Auditors' Indemnification/Liability Provisions		For	For	For
Eni Spa		Shares Voted	397,181	Security	7145056
Meeting Date	05/25/06	Shares	397,181	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Special Business
1	Amend Articles Re: 13 (sub-paragraph 1), 17 (sub-paragraph 3), 24 (sub-paragraph 1), and 28 (sub-paragraphs 2 and 4)		For	For	For
HSBC Holdings Plc		Shares Voted	650,000	Security	540528
Meeting Date	05/26/06	Shares	650,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Remuneration Report		For	For	For
3 (a)	Re-elect Baroness Lydia Dunn as Director		For	For	For
3 (b)	Re-elect Michael Geoghegan as Director		For	For	For
3 (c)	Re-elect Stephen Green as Director		For	For	For
3 (d)	Re-elect Sir Mark Moody-Stuart as Director		For	For	For
3 (e)	Elect Simon Robertson as Director		For	For	For
3 (f)	Re-elect Helmut Sohmen as Director		For	For	For
3 (g)	Re-elect Sir Brian Williamson as Director		For	For	For
4	Reappoint KPMG Audit plc as Auditors and Authorise the Audit Committee to Determine Their Remuneration		For	For	For
5	Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of USD 1,137,200,000		For	For	For
6	Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 284,300,000		For	For	For
7	Authorise 10 Percent of Ordinary Shares for Market Purchase		For	For	For
8	Approve Increase in Remuneration of Non-Executive Directors to GBP 65,000		For	For	For
Wharf (Holdings) Ltd.		Shares Voted	630,000	Security	6435576
Meeting Date	05/29/06	Shares	630,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend		For	For	For
3a	Reelect Peter K.C. Woo as Director		For	For	For
3b	Reelect Stephen T.H. Ng as Director		For	For	For
3c	Reelect Doreen Y.F. Lee as Director		For	Against	Against
3d	Reelect Hans Michael Jebsen as Director		For	For	For
4	Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration		For	For	For
5	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		For	For	For
6	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	Against
7	Authorize Reissuance of Repurchased Shares		For	For	For
Sanofi-Aventis (Formerly Sanofi-Synthelabo )		Shares Voted	76,321	Security	5671735
Meeting Date	05/31/06	Shares	76,321	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Dividends of EUR 1.52 per Share		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
5	Reelect Lord Douro as Director		For	For	For
6	Elect Gerard Le Fur as Director		For	For	For
7	Ratify Ernst & Young Audit as Auditor		For	For	For
8	Ratify Auditex as Alternate Auditor		For	For	For
9	Approve Remuneration of Directors in the Aggregate Amount of EUR 1.2 Million		For	For	For
10	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
	Special Business
11	Approve Merger by Absorption of Rhone Cooper by Sanofi-Aventis, Approve its Remuneration, and Approve Capital Increase in Connection with the Merger		For	Against	Against
12	Allocation of Merger Premium		For	Against	Against
13	Acknowledge Definitive Realisation of Merger on May 31, 2006, and Capital Increase in Connection with the Merger		For	Against	Against
14	Amend Articles of Association Re: Change in Capital Pursuant to Items Above		For	Against	Against
15	Amend Articles of Association Board Related Re: Term of Mandate of Chairman		For	For	For
16	Authorize Filling of Required Documents/Other Formalities		For	For	For
Fortis SA/NV		Shares Voted	176,200	Security	7266139
Meeting Date	05/31/06	Shares	176,200	Meeting Type	MIX
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Open Meeting
2.1.1	Receive Directors' Report
2.1.2	Receive Consolidated Financial Statements
2.1.3	Accept Financial Statements		For	For	For
2.1.4	Approve Allocation of Income		For	For	For
2.2.1	Receive Explanation on Company's Dividend Policy
2.2.2	Approve Dividends of EUR 1.16 per Fortis Unit		For	For	For
2.3.1	Approve Discharge of Directors		For	For	For
2.3.2	Approve Discharge of Auditors		For	For	For
3	Discussion on Company's Corporate Governance Structure
4.1.1	Reelect Jan Slechte as Director		For	For	For
4.1.2	Reelect Richard Delbridge as Director		For	For	For
4.1.3	Reelect Klaas Westdijk as Director		For	For	For
4.2.1	Elect Alois Michielsen as Director		For	For	For
4.2.2	Elect Reiner Hagemann as Director		For	For	For
4.2.3	Elect Clara Furse as Director		For	For	For
4.3	Ratify PricewaterhouseCoopers as Auditors		For	For	For
	Special Business
5.1	Receive Directors' Special Report on Authorized Capital
5.2	Authorize Board to Issue Shares in the Event of a Public Tender Offer or Share Exchange Offer		For	Against	Against
6.1	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
6.2	Authorize Reissuance of Repurchased Shares		For	For	For
7	Close Meeting
Guangdong Investment Ltd.		Shares Voted	#####	Security	6913168
Meeting Date	7/6/2006	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Financial Statements and Statutory Reports		For	For	For
2	Approve Final Dividend		For	For	For
3a	Reelect LI Wenyue as Director		For	For	For
3b	Reelect FUNG Daniel R. as Director		For	For	For
3c	Reelect CHENG Mo Chi, Moses as Director		For	For	For
3d	Reelect ZHAI Zhiming as Director		For	For	For
3e	Authorize Board to Fix the Remuneration of Directors		For	For	For
4	Reappoint Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration		For	For	For
5	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	Against
6	Authorize Repurchase of Up to 10 Percent of Issued Share Capital		For	For	For
7	Authorize Reissuance of Repurchased Shares		For	For	For
8	Amend Articles Re: Appointment, Election, and Retirement by Rotation of Directors		For	For	For
Mobile Telesystems OJSC		Shares Voted	75,200	Security	2603225
Meeting Date	06/14/06	Shares	75,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Early Termination of Powers of Vasily Sidorov (President of Mobile Telesystems)		For	For	For
2	Elect Leonid Melamed as President of Mobile Telesystems		For	For	For
Mobile Telesystems OJSC		Shares Voted	75,200	Security	2603225
Meeting Date	06/14/06	Shares	75,200	Meeting Type	EGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	TO AUTHORIZE MR. S.D. SHCHEBETOV TO SIGN THE MINUTES OF THE EXTRAORDINARY GENERAL SHAREHOLDERS MEETING OF MTS OJSC		For	For	For
2	TO EARLY TERMINATE THE POWERS OF MR. V.V. SIDOROV, THE PRESIDENT OF MTS OJSC		For	For	For
3	TO APPOINT LEONID ADOLFOVICH MELAMED AS THE PRESIDENT (THE INDIVIDUAL EXECUTIVE BODY) OF MOBILE TELESYSTEMS OPEN JOINT STOCK COMPANY FOR THREE YEARS, FROM JUNE 14, 2006		For	For	For
Keyence Corp.		Shares Voted	16,720	Security	6490995
Meeting Date	06/16/06	Shares	16,720	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 10, Final JY 10, Special JY 0		For	Against	Against
2	Amend Articles to: Update Terminology to Match that of New Corporate Law		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
4	Appoint Alternate Internal Statutory Auditor		For	For	For
NTT DoCoMo Inc.		Shares Voted	2,284	Security	6129277
Meeting Date	06/20/06	Shares	2,284	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 2000, Final JY 2000, Special JY 0		For	For	For
2	Authorize Share Repurchase Program		For	For	For
3	Amend Articles to: Expand Business Lines - Decrease Authorized Capital to Reflect Share Repurchase - Limit Liability of Directors and Statutory Auditors - Update Terminology to Match that of New Corporate Law		For	Against	Against
4.1	Elect Director		For	For	For
4.2	Elect Director		For	For	For
4.3	Elect Director		For	For	For
4.4	Elect Director		For	For	For
4.5	Elect Director		For	For	For
4.6	Elect Director		For	For	For
4.7	Elect Director		For	For	For
4.8	Elect Director		For	For	For
4.9	Elect Director		For	For	For
4.1	Elect Director		For	For	For
4.11	Elect Director		For	For	For
4.12	Elect Director		For	For	For
4.13	Elect Director		For	For	For
5	Appoint Internal Statutory Auditor		For	Against	Against
6	Approve Retirement Bonuses for Directors and Special Payments to Continuing Directors and Statutory Auditors in Connection with Abolition of Retirement Bonus System		For	Against	Against
7	Approve Adjustment to Aggregate Compensation Ceilings for Directors and Statutory Auditors		For	For	For
Indra Sistemas Sa		Shares Voted	197,006	Security	4476210
Meeting Date	06/21/06	Shares	197,006	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Individual Financial Statements and Allocation of Income		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Discharge of Directors		For	For	For
4	Approve Merger by Absorption of Algoritmos y Sistemas, S.L.; Approve Merged Balance Sheet Closing 12-31-05; Approve Fiscal Consolidation of the Tax Regime		For	For	For
5	Approve Merger by Absorption of Indra ATM, S.L.; Approve Merged Balance Sheet Closing 12-31-05; Approve Fiscal Consolidation of the Tax Regime		For	For	For
6	Amend Article 13 of the Company Bylaws Re: Convening of General Meeting		For	For	For
7	Amend Articles 2 and 31 of the Company Bylaws Re: Company's Mission; Fiscal Year End		For	For	For
8	Amend Articles of the General Meeting Guidelines Re: Convening of General Meeting		For	For	For
9	Approve Auditors for Fiscal Year 2006		For	For	For
10	Authorize Repurchase of Shares		For	For	For
11	Allow Questions
12	Approve Minutes of Meeting		For	For	For
Omron Corp.		Shares Voted	195,600	Security	6659428
Meeting Date	06/22/06	Shares	195,600	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 12, Final JY 18, Special JY 0		For	For	For
2	Amend Articles to: Limit Liability of Non-Executive Statutory Auditors - Limit Rights of Odd-Lot Holders - Update Terminology to Match that of New Corporate Law		For	For	For
3	Authorize Share Repurchase Program		For	For	For
4	Approve Director Stock Option Plan		For	For	For
Sharp Corp.		Shares Voted	256,000	Security	6800602
Meeting Date	06/22/06	Shares	256,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 10, Final JY 12, Special JY 0		For	For	For
2	Amend Articles to: Expand Business Lines - Increase Authorized Capital - Limit Outside Statutory Auditors' Legal Liability - Authorize Public Announcements in Electronic Format - Update Terminology to Match that of New Corporate Law		For	Against	Against
3.1	Elect Director		For	Against	Against
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For
3.14	Elect Director		For	For	For
3.15	Elect Director		For	For	For
3.16	Elect Director		For	For	For
3.17	Elect Director		For	For	For
3.18	Elect Director		For	For	For
3.19	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.21	Elect Director		For	For	For
3.22	Elect Director		For	For	For
3.23	Elect Director		For	For	For
3.24	Elect Director		For	For	For
3.25	Elect Director		For	For	For
4	Approve Retirement Bonuses for Directors		For	For	For
Nikko Cordial Corp. (formerly Nikko Securities Co. Ltd.)		Shares Voted	298,500	Security	6640284
Meeting Date	06/23/06	Shares	298,500	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles to: Update Terminology to Match that of New Corporate Law - Set Record Dates for Quarterly Dividends - Limit Rights of Odd-Lot Holders		For	For	For
2.1	Elect Director		For	For	For
2.2	Elect Director		For	For	For
2.3	Elect Director		For	For	For
2.4	Elect Director		For	For	For
2.5	Elect Director		For	For	For
2.6	Elect Director		For	For	For
2.7	Elect Director		For	For	For
2.8	Elect Director		For	For	For
2.9	Elect Director		For	For	For
2.1	Elect Director		For	For	For
2.11	Elect Director		For	For	For
2.12	Elect Director		For	For	For
2.13	Elect Director		For	For	For
SHINSEI BANK LTD.		Shares Voted	#####	Security	6730936
Meeting Date	06/27/06	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1.1	Elect Director		For	For	For
1.2	Elect Director		For	For	For
1.3	Elect Director		For	For	For
1.4	Elect Director		For	For	For
1.5	Elect Director		For	Against	Against
1.6	Elect Director		For	Against	Against
1.7	Elect Director		For	For	For
1.8	Elect Director		For	For	For
1.9	Elect Director		For	For	For
1.1	Elect Director		For	For	For
1.11	Elect Director		For	For	For
1.12	Elect Director		For	For	For
1.13	Elect Director		For	For	For
1.14	Elect Director		For	For	For
1.15	Elect Director		For	For	For
2	Amend Articles to: Authorize Public Announcements in Electronic Format - Limit Rights of Odd-lot Holders - Update Terminology to Match that of New Corporate Law		For	For	For
3	Approve Stock Option Plan for Directors and Employees		For	For	For
4	Authorize Share Repurchase Program		For	For	For
Secom Co. Ltd.		Shares Voted	138,500	Security	6791591
Meeting Date	06/27/06	Shares	138,500	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 0, Final JY 60, Special JY 0		For	For	For
2	Amend Articles to: Authorize Public Announcements in Electronic Format - Limit Rights of Odd-lot Holders - Update Terminology to Match that of New Corporate Law - Reduce Share Trading Unit		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
Yanzhou Coal Mining Company Limited		Shares Voted	#####	Security	6109893
Meeting Date	06/28/06	Shares	#####	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Accept Report of the Board of Directors		For	For	For
2	Accept Report of the Supervisory Committee		For	For	For
3	Accept Financial Statements and Statutory Reports		For	For	For
4	Approve Profit Distribution Plan, Cash Dividend, and Special Cash Dividend		For	For	For
5	Approve Remuneration of Directors and Supervisors		For	For	For
6	Approve Deloitte Touche Tohmatsu and Deloitte Touche Tohmatsu CPAs Ltd. as International and Domestic Auditors Respectively, and Authorize Board to Fix Their Remuneration		For	For	For
7	Amend Articles of Association		For	For	For
8	Amend Rules of Procedure for Meetings of Shareholders		For	For	For
9	Amend Rules of Procedure for the Board of Directors		For	For	For
10	Amend Rules of Procedure for the Supervisory Committee		For	For	For
11	Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights		For	Against	Against
Lukoil Oao		Shares Voted	46,900	Security	3189876
Meeting Date	06/28/06	Shares	46,900	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Annual Report, Financial Statements, and Allocation of Income, Including Dividends of RUB 33 Per Share		For	For	For
	Elect 11 Directors by Cumulative Voting
2.1	Elect Vagit Alekperov as Director		For	Withhold	Against
2.2	Elect Igor Belikov as Director		For	For	For
2.3	Elect Mikhail Berezhnoi as Director		For	Withhold	Against
2.4	Elect Valery Grayfer as Director		For	Withhold	Against
2.5	Elect Oleg Kutafin as Director		For	For	For
2.6	Elect Ravil Maganov as Director		For	Withhold	Against
2.7	Elect Richard Matzke as Director		For	For	For
2.8	Elect Sergey Mikhailov as Director		For	For	For
2.9	Elect Kevin Meyers as Director		For	Withhold	Against
2.1	Elect Nikolay Tsvetkov as Director		For	Withhold	Against
2.11	Elect Igor Sherkunov as Director		For	Withhold	Against
2.12	Elect Alexander Shokhin as Director		For	For	For
3	Elect Vagit Alekperov as General Director		For	For	For
	Elect Three Members to Audit Commission
4.1	Elect Pavel Kondratyev as Member of Audit Commission		For	For	For
4.2	Elect Vladimir Nikitenko as Member of Audit Commission		For	For	For
4.3	Elect Tatyana Sklyarova as Member of Audit Commission		For	For	For
5	Approve Remuneration of Directors and Members of Audit Commission		For	For	For
6	Ratify CJSC KPMG as Auditor		For	For	For
7	Amend Charter		For	For	For
8	Amend Regulations on Board of Directors		For	For	For
9	Amend Regulations on Audit Commission		For	For	For
10.1	Approve Related-Party Transaction with OOO Lukoil-Volgogradneftepererabotka Re: Oil Supply Contract		For	For	For
10.2	Approve Related-Party Transaction with OOO Lukoil-Volgogradneftepererabotka Re: Supply Contract		For	For	For
10.3	Approve Related-Party Transaction Re: Supplemental Agreement to Shareholder Loan Agreement No. 0510225 of March 3, 2006 Between OJSC Lukoil and OOO Naryanmarneftegaz		For	For	For
10.4	Approve Related-Party Transaction Re: Supplemental Agreement to Shareholder Loan Agreement No. 0610114 of March 3, 2006 Between OJSC Lukoil and OOO Naryanmarneftegaz		For	For	For
10.5	Approve Related-Party Transaction Re: Loan Agreement with OOO Naryanmarneftegaz		For	For	For
10.6	Approve Related-Party Transaction Re: Loan Agreement with OOO Naryanmarneftegaz		For	For	For
10.7	Approve Related-Party Transaction Re: Policy Contract on Insuring Liability of Directors, Officers, and Corporations Between OJSC Lukoil and OJSC Kapital Strakhovanie		For	For	For
Alstom		Shares Voted	68,100	Security	B0DJ8Q5
Meeting Date	06/28/06	Shares	68,100	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Ordinary Business
1	Approve Financial Statements and Statutory Reports		For	For	For
2	Accept Consolidated Financial Statements and Statutory Reports		For	For	For
3	Approve Allocation of Income and Omission of Dividends		For	For	For
4	Approve Special Auditors' Report Regarding Related-Party Transactions		For	For	For
5	Reelect Georges Chodron de Courcel as Director		For	For	For
6	Reelect Jales B. Cronin as Director		For	For	For
7	Elect Olivier Bouygues as Director		For	For	For
8	Elect Olivier Poupart-Lafarge as Director		For	For	For
9	Authorize Repurchase of Up to Ten Percent of Issued Share Capital		For	For	For
10	Authorize Filling of Required Documents/Other Formalities		For	For	For
Nomura Holdings Inc.		Shares Voted	336,400	Security	6643108
Meeting Date	06/28/06	Shares	336,400	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Amend Articles to: Limit Rights of Odd-Lot Holders - Update Terminology to Match that of New Corporate Law - Set Record Dates for Payment of Quarterly Dividends		For	For	For
2.1	Elect Director		For	For	For
2.2	Elect Director		For	For	For
2.3	Elect Director		For	For	For
2.4	Elect Director		For	For	For
2.5	Elect Director		For	For	For
2.6	Elect Director		For	For	For
2.7	Elect Director		For	For	For
2.8	Elect Director		For	For	For
2.9	Elect Director		For	For	For
2.1	Elect Director		For	For	For
2.11	Elect Director		For	For	For
3	Approve Executive Stock Option Plan and Deep-Discount Option Plan		For	For	For
Mitsui Sumitomo Insurance Co. Ltd		Shares Voted	561,000	Security	6870122
Meeting Date	06/28/06	Shares	561,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 4, Final JY 9, Special JY 0		For	For	For
2	Amend Articles to: Authorize Public Announcements in Electronic Format - Limit Rights of Odd-lot Holders - Update Terminology to Match that of New Corporate Law - Limit Liability of Non-executive Statutory Auditors		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For
4.1	Appoint Internal Statutory Auditor		For	For	For
4.2	Appoint Internal Statutory Auditor		For	For	For
5	Appoint Alternate Internal Statutory Auditor		For	For	For
MILLEA HOLDINGS INC.		Shares Voted	398	Security	6513126
Meeting Date	06/28/06	Shares	398	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 0, Final JY 15000, Special JY 0		For	For	For
2	Amend Articles to: Adjust Authorized Capital to Reflect Share Repurchase and Stock Split - Limit Liability of Non-Executive Directors and Statutory Auditors - Limit Rights of Odd-Lot Holders - Adjust Share Trading Unit to Reflect Stock Split		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
4.1	Appoint Internal Statutory Auditor		For	For	For
4.2	Appoint Internal Statutory Auditor		For	For	For
5	Approve Deep Discount Stock Option Plan		For	For	For
Lukoil Oao		Shares Voted	93,800	Security	3189876 677862104
Meeting Date	06/28/06	Shares	93,800	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
	Meeting for Holders of ADRs
1	TO APPROVE THE ANNUAL REPORT OF OAO LUKOIL FOR 2005, AND THE DISTRIBUTION OF PROFITS: THE NET PROFIT FOR DISTRIBUTION FOR 2005 WAS EQUAL TO 66,326,909,000 ROUBLES. TO DISTRIBUTE 28,068,587,000 ROUBLES TO THE PAYMENT OF DIVIDEND FOR 2005. THE REST OF TH			For	For
2	ELECTION OF THE BOARD OF DIRECTORS - (Cumulative Voting Applies to Directors. Please request a form from your ISS representative in order to vote for directors)
3	Elect Vagit Yusufovich Alekperov as President of OAO Lukoil			For	For
4	TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: KONDRATIEV, PAVEL GENNADIEVICH			For	For
5	TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: NIKITENKO, VLADIMIR NIKOLAEVICH			For	For
6	TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: SKLYAROVA, TATYANA SERGEEVNA			For	For
7	TO RECOGNIZE AS ADVISABLE THE RETENTION OF THE AMOUNTS OF REMUNERATION OF MEMBERS OF THE BOARD OF DIRECTORS AND THE AUDIT COMMISSION OF OAO LUKOIL ESTABLISHED BY DECISION OF THE ANNUAL GENERAL SHAREHOLDERS MEETING OF OAO LUKOIL OF 24 JUNE 2004			For	For
8	TO APPROVE THE COMPANY S INDEPENDENT AUDITOR CLOSED JOINT STOCK COMPANY KPMG.			For	For
9	TO APPROVE AMENDMENTS AND ADDENDA TO THE CHARTER OF OPEN JOINT STOCK COMPANY OIL COMPANY LUKOIL , PURSUANT TO APPENDIX 1.			For	For
10	TO APPROVE AN ADDENDUM TO THE REGULATIONS ON THE BOARD OF DIRECTORS OF OAO LUKOIL , PURSUANT TO APPENDIX 2.			For	For
11	TO APPROVE AMENDMENTS AND ADDENDA TO THE REGULATIONS ON THE AUDIT COMMISSION OF OAO LUKOIL , PURSUANT TO APPENDIX 3.			For	For
12	TO APPROVE OIL SUPPLY CONTRACT BETWEEN OAO LUKOIL AND OOO LUKOIL VOLGOGRADNEFTEPERERABOTKA.			For	For
13	TO APPROVE SUPPLY CONTACT BETWEEN OAO LUKOIL AND OOO LUKOIL VOLGOGRADNEFTEPERERABOTKA.			For	For
14	TO APPROVE SUPPLEMENTAL AGREEMENT TO SHAREHOLDER LOAN AGREEMENT NO. 0510225 OF 29 MARCH 2005 BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ.			For	For
15	TO APPROVE SUPPLEMENTAL AGREEMENT TO SHAREHOLDER LOAN AGREEMENT NO. 0610114 OF 3 MARCH 2005 BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ.			For	For
16	TO APPROVE LOAN AGREEMENT BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ.			For	For
17	TO APPROVE LOAN AGREEMENT BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ.			For	For
18	TO APPROVE POLICY (CONTRACT) ON INSURING THE LIABILITY OF DIRECTORS, OFFICERS AND CORPORATIONS BETWEEN OAO LUKOIL AND OAO KAPITAL STRAKHOVANIE.			For	For
Kao Corp.		Shares Voted	177,000	Security	6483809
Meeting Date	06/29/06	Shares	177,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 25, Final JY 25, Special JY 0		For	For	For
2	Amend Articles to: Expand Business Lines - Limit Outside Statutory Auditors' Legal Liability - Authorize Public Announcements in Electronic Format - Limit Rights of Odd-Lot Holders		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For
3.14	Elect Director		For	For	For
3.15	Elect Director		For	For	For
4	Appoint Internal Statutory Auditor		For	For	For
5	Appoint Alternate Internal Statutory Auditor		For	For	For
6	Approve Deep Discount Stock Option Plan for Dirctors		For	For	For
7	Approve Employee Stock Option Plan		For	For	For
8	Approve Retirement Bonuses for Directors		For	For	For
Murata Manufacturing Co. Ltd.		Shares Voted	85,900	Security	6610403
Meeting Date	06/29/06	Shares	85,900	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 30, Final JY 40, Special JY 0		For	For	For
2	Amend Articles to: Limit Outside Directors' and Statutory Auditors' Legal Liability - Limit Rights of Odd-Lot Holders - Update Terminology to Match that of New Corporate Law		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
4	Appoint Internal Statutory Auditor		For	For	For
Nippon Oil Corp. (Formerly Nippon Mitsubishi Oil Co.)		Shares Voted	897,000	Security	6641403
Meeting Date	06/29/06	Shares	897,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 6, Final JY 6, Special JY 0		For	For	For
2	Amend Articles to: Limit Rights of Odd-lot Holders - Update Terminology to Match that of New Corporate Law - Limit Liability of Non-executive Statutory Auditors		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For
3.14	Elect Director		For	For	For
3.15	Elect Director		For	For	For
3.16	Elect Director		For	For	For
3.17	Elect Director		For	For	For
3.18	Elect Director		For	For	For
3.19	Elect Director		For	For	For
3.2	Elect Director		For	For	For
4	Approve Adjustment to Aggregate Compensation Ceiling for Directors and Statutory Auditors		For	For	For
Kaneka Corp.		Shares Voted	379,000	Security	6483360
Meeting Date	06/29/06	Shares	379,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 8, Final JY 8, Special JY 0		For	For	For
2	Amend Articles to: Authorize Board to Determine Income Allocation - Decrease Maximum Board Size - Reduce Directors Term in Office - Authorize Public Announcements in Electronic Format		For	Against	Against
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For
4	Approve Retirement Bonuses for Directors		For	For	For
Daiwa House Industry Co. Ltd.		Shares Voted	61,000	Security	6251363
Meeting Date	06/29/06	Shares	61,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 0, Final JY 20, Special JY 0		For	For	For
2	Approve Share Exchange Acquisition of Daiwa Kosho Lease		For	For	For
3	Approve Share Exchange Acquisition of Daiwa Rakuda Industry		For	For	For
4	Approve Share Exchange Acquisition of Daiwa Logistics		For	For	For
5	Amend Articles to: Amend Business Lines - Authorize Public Announcements in Electronic Format - Update Terminology to Match that of New Corporate Law - Limit Liability of Non-Executive Statutory Auditors		For	For	For
6.1	Elect Director		For	For	For
6.2	Elect Director		For	For	For
6.3	Elect Director		For	For	For
6.4	Elect Director		For	For	For
6.5	Elect Director		For	For	For
6.6	Elect Director		For	For	For
6.7	Elect Director		For	For	For
6.8	Elect Director		For	For	For
6.9	Elect Director		For	For	For
6.1	Elect Director		For	For	For
6.11	Elect Director		For	For	For
6.12	Elect Director		For	For	For
6.13	Elect Director		For	For	For
6.14	Elect Director		For	For	For
6.15	Elect Director		For	For	For
6.16	Elect Director		For	For	For
6.17	Elect Director		For	For	For
6.18	Elect Director		For	For	For
6.19	Elect Director		For	For	For
7	Appoint Internal Statutory Auditor		For	For	For
Sumitomo Trust & Banking Co. Ltd.		Shares Voted	1,118,000	Security	6859002
Meeting Date	06/29/06	Shares	1,118,000	Meeting Type	AGM
Ballot Issues			Mgmt	ISS	Vote
			Rec	Rec	Cast
1	Approve Allocation of Income, Including the Following Dividends: Interim JY 6, Final JY 6, Special JY 0		For	For	For
2	Amend Articles to: Decrease Authorized Capital and Delete References to Preferred Shares - Limit Liability of Directors and Statutory Auditors - Update Terminology to Match that of New Corporate Law		For	For	For
3.1	Elect Director		For	For	For
3.2	Elect Director		For	For	For
3.3	Elect Director		For	For	For
3.4	Elect Director		For	For	For
3.5	Elect Director		For	For	For
3.6	Elect Director		For	For	For
3.7	Elect Director		For	For	For
3.8	Elect Director		For	For	For
3.9	Elect Director		For	For	For
3.1	Elect Director		For	For	For
3.11	Elect Director		For	For	For
3.12	Elect Director		For	For	For
3.13	Elect Director		For	For	For

Name of Fund:			Frontegra Netols Small Cap Value Fund
Period:			7/1/05 - 6/30/06
KRONOS INCORPORATED
Security			501052104	Meeting Type			Annual
Ticker Symbol			KRON	Meeting Date			16-Feb-2006
ISIN				Agenda			932430894 - Management
City				Holding Recon Date			19-Dec-2005
Country			United States	Vote Deadline Date			15-Feb-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	MARK S. AIN				For		For
	2	DAVID B. KISER				For		For
02	TO APPROVE OUR AMENDED AND RESTATED 2002 STOCK INCENTIVE PLAN.				Management	Against		Against
	Comments-Non Specific Performance Measures
03	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR REGISTERED PUBLIC ACCOUNTING FIRM FOR THE 2006 FISCAL YEAR.				Management	For		For
SCHOOL SPECIALTY, INC.
Security			807863105	Meeting Type			Annual
Ticker Symbol			SCHS	Meeting Date			22-Feb-2006
ISIN				Agenda			932435894 - Management
City				Holding Recon Date			04-Jan-2006
Country			United States	Vote Deadline Date			21-Feb-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JONATHAN J. LEDECKY				For		For
02	RATIFY DELOITTE & TOUCHE LLP AS SCHOOL SPECIALTY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2006.				Management	For		For
ESTERLINE TECHNOLOGIES CORPORATION
Security			297425100	Meeting Type			Annual
Ticker Symbol			ESL	Meeting Date			01-Mar-2006
ISIN				Agenda			932433864 - Management
City				Holding Recon Date			03-Jan-2006
Country			United States	Vote Deadline Date			28-Feb-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ROSS J. CENTANNI				For		For
	2	ROBERT S. CLINE				For		For
	3	JAMES L. PIERCE				For		For
02	TO CONSIDER AND APPROVE A PROPOSAL TO AMEND THE COMPANY'S 2004 EQUITY INCENTIVE PLAN TO, AMONG OTHER THINGS, AUTHORIZE THE ISSUANCE OF AN ADDITIONAL 1,000,000 SHARES OF THE COMPANY'S COMMON STOCK.				Management	Against		Against
	Comments-Non-Specific Performance Measures
03	TO CONSIDER AND APPROVE A PROPOSAL TO AMEND THE COMPANY'S EMPLOYEE STOCK PURCHASE PLAN TO AUTHORIZE THE ISSUANCE OF AN ADDITIONAL 150,000 SHARES OF THE COMPANY'S COMMON STOCK.				Management	Against		Against
	Comments-Shares at Discount to Fair Market Value
SPARTECH CORPORATION
Security			847220209	Meeting Type			Annual
Ticker Symbol			SEH	Meeting Date			08-Mar-2006
ISIN				Agenda			932437951 - Management
City				Holding Recon Date			09-Jan-2006
Country			United States	Vote Deadline Date			07-Mar-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	VICTORIA M. HOLT				For		For
	2	WALTER J. KLEIN				For		For
	3	CRAIG A. WOLFANGER				For		For
02	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
03	APPROVAL OF THE COMPANY'S EXECUTIVE BONUS PLAN.				Management	Against		Against
	Comments-Non-Specific Performance Measures
4A	AMENDMENT TO UPDATE THE CORPORATE PURPOSE CLAUSE.				Management	For		For
4B	AMENDMENT TO MAKE CERTIFICATE GENDER-NEUTRAL.				Management	For		For
4C	AMENDMENT TO DIRECTOR AND OFFICER INDEMNIFICATION PROVISIONS.				Management	For		For
4D	ADDITION OF PROVISION REGARDING DIRECTOR LIABILITY.				Management	For		For
4E	ELIMINATION OF SHAREHOLDER ACTION BY WRITTEN CONSENT.				Management	For		For
4F	ELIMINATION OF SUPERMAJORITY VOTE REQUIREMENT FOR CERTAIN BUSINESS COMBINATIONS.				Management	For		For
APPLIED SIGNAL TECHNOLOGY, INC.
Security			038237103	Meeting Type			Annual
Ticker Symbol			APSG	Meeting Date			15-Mar-2006
ISIN				Agenda			932440453 - Management
City				Holding Recon Date			24-Jan-2006
Country			United States	Vote Deadline Date			14-Mar-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	MILTON E. COOPER				For		For
	2	JOHN R. TREICHLER				For		For
	3	S.G. WHITTELSEY, JR.				For		For
02	TO CONSIDER, APPROVE, AND RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING OCTOBER 31, 2006.				Management	For		For
IDEX CORPORATION
Security			45167R104	Meeting Type			Annual
Ticker Symbol			IEX	Meeting Date			04-Apr-2006
ISIN				Agenda			932445249 - Management
City				Holding Recon Date			28-Feb-2006
Country			United States	Vote Deadline Date			03-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	MICHAEL T. TOKARZ				For		For
	2	FRANK S. HERMANCE				For		For
02	APPROVAL OF DELOITTE & TOUCHE LLP AS AUDITORS OF THE COMPANY.				Management	For		For
CRANE CO.
Security			224399105	Meeting Type			Annual
Ticker Symbol			CR	Meeting Date			24-Apr-2006
ISIN				Agenda			932448930 - Management
City				Holding Recon Date			28-Feb-2006
Country			United States	Vote Deadline Date			21-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	D.G. COOK*				For		For
	2	R.S. EVANS*				For		For
	3	E.C. FAST*				For		For
	4	D.R. GARDNER*				For		For
	5	R.F. MCKENNA**				For		For
02	APPROVAL OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR 2006				Management	For		For
03	APPROVAL OF SHAREHOLDER PROPOSAL CONCERNING ADOPTION OF THE MACBRIDE PRINCIPLES				Shareholder	Against		For
COGNEX CORPORATION
Security			192422103	Meeting Type			Special
Ticker Symbol			CGNX	Meeting Date			25-Apr-2006
ISIN				Agenda			932448613 - Management
City				Holding Recon Date			03-Mar-2006
Country			United States	Vote Deadline Date			24-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ROBERT J. SHILLMAN				For		For
	2	REUBEN WASSERMAN				For		For
FEDERAL SIGNAL CORPORATION
Security			313855108	Meeting Type			Annual
Ticker Symbol			FSS	Meeting Date			25-Apr-2006
ISIN				Agenda			932453842 - Management
City				Holding Recon Date			27-Feb-2006
Country			United States	Vote Deadline Date			24-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JAMES E. GOODWIN*				For		For
	2	JAMES C. JANNING*				For		For
	3	ROBERT D. WELDING*				For		For
	4	JOHN F. MCCARTNEY**				For		For
AMETEK, INC.
Security			031100100	Meeting Type			Annual
Ticker Symbol			AME	Meeting Date			25-Apr-2006
ISIN				Agenda			932455632 - Management
City				Holding Recon Date			10-Mar-2006
Country			United States	Vote Deadline Date			24-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	STEVEN W. KOHLHAGEN				For		For
	2	JAMES R. MALONE				For		For
	3	ELIZABETH R. VARET				For		For
	4	DENNIS K. WILLIAMS				For		For
02	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2006.				Management	For		For
WESTAMERICA BANCORPORATION
Security			957090103	Meeting Type			Annual
Ticker Symbol			WABC	Meeting Date			27-Apr-2006
ISIN				Agenda			932450834 - Management
City				Holding Recon Date			27-Feb-2006
Country			United States	Vote Deadline Date			26-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	E. ALLEN				For		For
	2	L. BARTOLINI				For		For
	3	E.J. BOWLER				For		For
	4	A. LATNO, JR.				For		For
	5	P. LYNCH				For		For
	6	C. MACMILLAN				For		For
	7	R. NELSON				For		For
	8	C. OTTO				For		For
	9	D. PAYNE				For		For
	10	E. SYLVESTER				For		For
LANCE, INC.
Security			514606102	Meeting Type			Annual
Ticker Symbol			LNCE	Meeting Date			27-Apr-2006
ISIN				Agenda			932467637 - Management
City				Holding Recon Date			09-Mar-2006
Country			United States	Vote Deadline Date			26-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JEFFREY A. ATKINS				For		For
	2	J.P. BOLDUC				For		For
	3	WILLIAM R. HOLLAND				For		For
	4	ISAIAH TIDWELL				For		For
02	RATIFICATION OF SELECTION OF KPMG LLP AS AUDITORS				Management	For		For
GATX CORPORATION
Security			361448103	Meeting Type			Annual
Ticker Symbol			GMT	Meeting Date			28-Apr-2006
ISIN				Agenda			932460948 - Management
City				Holding Recon Date			03-Mar-2006
Country			United States	Vote Deadline Date			27-Apr-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ROD F. DAMMEYER				For		For
	2	JAMES M. DENNY				For		For
	3	RICHARD FAIRBANKS				For		For
	4	DEBORAH M. FRETZ				For		For
	5	BRIAN A. KENNEY				For		For
	6	MILES L. MARSH				For		For
	7	MARK G. MCGRATH				For		For
	8	MICHAEL E. MURPHY				For		For
	9	CASEY J. SYLLA				For		For
02	APPROVAL OF APPOINTMENT OF AUDITORS.				Management	For		For
ENCORE ACQUISITION COMPANY
Security			29255W100	Meeting Type			Annual
Ticker Symbol			EAC	Meeting Date			02-May-2006
ISIN				Agenda			932474303 - Management
City				Holding Recon Date			15-Mar-2006
Country			United States	Vote Deadline Date			01-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	I. JON BRUMLEY				For		For
	2	JON S. BRUMLEY				For		For
	3	JOHN A. BAILEY				For		For
	4	MARTIN C. BOWEN				For		For
	5	TED COLLINS, JR.				For		For
	6	TED A. GARDNER				For		For
	7	JOHN V. GENOVA				For		For
	8	JAMES A. WINNE III				For		For
02	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - TO RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
CHAMPION ENTERPRISES, INC.
Security			158496109	Meeting Type			Annual
Ticker Symbol			CHB	Meeting Date			03-May-2006
ISIN				Agenda			932457371 - Management
City				Holding Recon Date			10-Mar-2006
Country			United States	Vote Deadline Date			02-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ROBERT W. ANESTIS				For		For
	2	ERIC S. BELSKY				For		For
	3	WILLIAM C. GRIFFITHS				For		For
	4	SELWYN ISAKOW				For		For
	5	BRIAN D. JELLISON				For		For
	6	G. MICHAEL LYNCH				For		For
	7	THOMAS A. MADDEN				For		For
	8	SHIRLEY D. PETERSON				For		For
	9	DAVID S. WEISS				For		For
ADMINISTAFF, INC.
Security			007094105	Meeting Type			Annual
Ticker Symbol			ASF	Meeting Date			03-May-2006
ISIN				Agenda			932460746 - Management
City				Holding Recon Date			06-Mar-2006
Country			United States	Vote Deadline Date			02-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	PAUL J. SARVADI				For		For
	2	AUSTIN P. YOUNG				For		For
02	TO APPROVE THE AMENDMENT AND RESTATEMENT OF THE 2001 INCENTIVE PLAN.				Management	For		For
03	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE YEAR 2006.				Management	For		For
LIFEPOINT HOSPITALS, INC.
Security			53219L109	Meeting Type			Contested-Annual
Ticker Symbol			LPNT	Meeting Date			08-May-2006
ISIN				Agenda			932503306 - Opposition
City				Holding Recon Date			17-Mar-2006
Country			United States	Vote Deadline Date			05-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	Comments-Activist Shareholder proposed vote. Vote was too late and never occurred.
	1	MOHSIN Y. MEGHJI				For		*
	2	EARL P. HOLLAND				For		*
	3	NICOLE VIGLUCCI				For		*
02	APPROVAL OF THE COMPANY'S PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		*
	Comments-Activist Shareholder proposed vote. Vote was too late and never occurred.
		*Management Position Unknown
WHITING PETROLEUM CORPORATION
Security			966387102	Meeting Type			Annual
Ticker Symbol			WLL	Meeting Date			09-May-2006
ISIN				Agenda			932465075 - Management
City				Holding Recon Date			15-Mar-2006
Country			United States	Vote Deadline Date			08-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JAMES J. VOLKER				For		For
	2	GRAYDON D. HUBBARD				For		For
02	RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
SEROLOGICALS CORPORATION
Security			817523103	Meeting Type			Annual
Ticker Symbol			SERO	Meeting Date			10-May-2006
ISIN				Agenda			932485887 - Management
City				Holding Recon Date			22-Mar-2006
Country			United States	Vote Deadline Date			09-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	DAVID A. DODD				For		For
	2	RONALD G. GELBMAN				For		For
02	TO RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006.				Management	For		For
HANOVER COMPRESSOR COMPANY
Security			410768105	Meeting Type			Annual
Ticker Symbol			HC	Meeting Date			11-May-2006
ISIN				Agenda			932466128 - Management
City				Holding Recon Date			20-Mar-2006
Country			United States	Vote Deadline Date			10-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	I. JON BRUMLEY				For		For
	2	TED COLLINS, JR.				For		For
	3	MARGARET K. DORMAN				For		For
	4	ROBERT R. FURGASON				For		For
	5	VICTOR E. GRIJALVA				For		For
	6	GORDON T. HALL				For		For
	7	JOHN E. JACKSON				For		For
	8	STEPHEN M. PAZUK				For		For
	9	L. ALI SHEIKH				For		For
02	RATIFICATION OF REAPPOINTMENT OF PRICEWATERHOUSECOOPERS LLP				Management	For		For
03	APPROVAL OF THE HANOVER COMPRESSOR COMPANY 2006 STOCK INCENTIVE PLAN				Management	Against		Against
	Comments-Non-Specific Performance Measures
SERVICE CORPORATION INTERNATIONAL
Security			817565104	Meeting Type			Annual
Ticker Symbol			SCI	Meeting Date			11-May-2006
ISIN				Agenda			932499367 - Management
City				Holding Recon Date			21-Mar-2006
Country			United States	Vote Deadline Date			10-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	R.L. WALTRIP				For		For
	2	ANTHONY L. COELHO				For		For
	3	A.J. FOYT, JR.				For		For
	4	EDWARD E. WILLIAMS				For		For
02	APPROVAL OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT ACCOUNTANTS FOR FISCAL 2006.				Management	For		For
03	APPROVAL OF A PROPOSAL TO APPROVE THE AMENDED AND RESTATED DIRECTOR FEE PLAN.				Management	For		For
GENTIVA HEALTH SERVICES, INC.
Security			37247A102	Meeting Type			Annual
Ticker Symbol			GTIV	Meeting Date			12-May-2006
ISIN				Agenda			932488047 - Management
City				Holding Recon Date			16-Mar-2006
Country			United States	Vote Deadline Date			11-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	AMENDMENT TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS.				Management	For		For
02	DIRECTOR				Management
	1	STUART R. LEVINE*				For		For
	2	MARY O'NEIL MUNDINGER*				For		For
	3	STUART OLSTEN*				For		For
	4	JOHN A. QUELCH*				For		For
03	RATIFICATION AND APPROVAL OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
THE HANOVER INSURANCE GROUP
Security			410867105	Meeting Type			Annual
Ticker Symbol			THG	Meeting Date			16-May-2006
ISIN				Agenda			932476737 - Management
City				Holding Recon Date			24-Mar-2006
Country			United States	Vote Deadline Date			15-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	FREDERICK H. EPPINGER*				For		For
	2	GAIL L. HARRISON*				For		For
	3	JOSEPH R. RAMRATH*				For		For
	4	DAVID J. GALLITANO**				For		For
	5	NEAL F. FINNEGAN***				For		For
02	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE HANOVER INSURANCE GROUP, INC. FOR 2006.				Management	For		For
03	APPROVAL OF THE 2006 LONG-TERM INCENTIVE PLAN.				Management	Against		Against
	Comments-Non Specific Performance Measures
SUNRISE SENIOR LIVING, INC.
Security			86768K106	Meeting Type			Annual
Ticker Symbol			SRZ	Meeting Date			16-May-2006
ISIN				Agenda			932487932 - Management
City				Holding Recon Date			20-Mar-2006
Country			United States	Vote Deadline Date			15-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	THOMAS J. DONOHUE				For		For
	2	J. DOUGLAS HOLLADAY				For		For
	3	WILLIAM G. LITTLE				For		For
02	TO APPROVE AN AMENDMENT TO SUNRISE'S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE TOTAL NUMBER OF AUTHORIZED SHARES OF SUNRISE'S COMMON STOCK FROM 60 MILLION SHARES TO 120 MILLION SHARES.				Management	For		For
GLOBAL INDUSTRIES, LTD.
Security			379336100	Meeting Type			Annual
Ticker Symbol			GLBL	Meeting Date			16-May-2006
ISIN				Agenda			932488528 - Management
City				Holding Recon Date			31-Mar-2006
Country			United States	Vote Deadline Date			15-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	WILLIAM J. DORE				For		For
	2	JOHN A. CLERICO				For		For
	3	EDWARD P. DJEREJIAN				For		For
	4	LARRY E. FARMER				For		For
	5	EDGAR G. HOTARD				For		For
	6	RICHARD A. PATTAROZZI				For		For
	7	JAMES L. PAYNE				For		For
	8	MICHAEL J. POLLOCK				For		For
	9	LUIS K. TELLEZ				For		For
02	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS OF THE COMPANY TO SERVE FOR THE 2006 FISCAL YEAR.				Management	For		For
FIRST INDUSTRIAL REALTY TRUST, INC.
Security			32054K103	Meeting Type			Annual
Ticker Symbol			FR	Meeting Date			17-May-2006
ISIN				Agenda			932490434 - Management
City				Holding Recon Date			21-Mar-2006
Country			United States	Vote Deadline Date			16-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JAMES F. MILLAR*				For		For
	2	JOHN RAU**				For		For
	3	ROBERT J. SLATER**				For		For
	4	W. ED TYLER**				For		For
02	APPROVAL OF AMENDMENT NO. 1 TO THE 2001 STOCK INCENTIVE PLAN.				Management	Against		Against
	Comments-Non-specific performance and gifting options given for incentives
03	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.				Management	For		For
WABTEC CORPORATION
Security			929740108	Meeting Type			Annual
Ticker Symbol			WAB	Meeting Date			17-May-2006
ISIN				Agenda			932490840 - Management
City				Holding Recon Date			07-Apr-2006
Country			United States	Vote Deadline Date			16-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	KIM G. DAVIS				For		For
	2	MICHAEL W.D. HOWELL				For		For
	3	GARY C. VALADE				For		For
02	APPROVAL OF THE AMENDED AND RESTATED STOCK INCENTIVE PLAN.				Management	Against		Against
	Comments-Plan doesn't explain how incentives will be issued
03	APPROVAL OF THE AMENDED AND RESTATED DIRECTOR PLAN.				Management	For		For
GENERAL CABLE CORP
Security			369300108	Meeting Type			Annual
Ticker Symbol			BGC	Meeting Date			18-May-2006
ISIN				Agenda			932465621 - Management
City				Holding Recon Date			20-Mar-2006
Country			United States	Vote Deadline Date			17-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	GREGORY E. LAWTON				For		For
	2	CRAIG P. OMTVEDT				For		For
02	RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP TO AUDIT THE 2006 CONSOLIDATED FINANCIAL STATEMENTS OF GENERAL CABLE.				Management	For		For
PAR PHARMACEUTICAL COMPANIES, INC.
Security			69888P106	Meeting Type			Annual
Ticker Symbol			PRX	Meeting Date			18-May-2006
ISIN				Agenda			932495600 - Management
City				Holding Recon Date			31-Mar-2006
Country			United States	Vote Deadline Date			17-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	PETER S. KNIGHT				For		For
	2	L. WILLIAM SEIDMAN				For		For
	3	SCOTT TARRIFF				For		For
02	TO RATIFY THE SELECTION OF THE FIRM OF DELOITTE & TOUCHE LLP AS AUDITORS FOR THE 2006 FISCAL YEAR				Management	For		For
O'CHARLEY'S INC.
Security			670823103	Meeting Type			Annual
Ticker Symbol			CHUX	Meeting Date			18-May-2006
ISIN				Agenda			932510705 - Management
City				Holding Recon Date			29-Mar-2006
Country			United States	Vote Deadline Date			17-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	GREGORY L. BURNS				For		For
	2	ROBERT J. WALKER				For		For
JARDEN CORPORATION
Security			471109108	Meeting Type			Annual
Ticker Symbol			JAH	Meeting Date			19-May-2006
ISIN				Agenda			932506718 - Management
City				Holding Recon Date			19-Apr-2006
Country			United States	Vote Deadline Date			18-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	MARTIN E. FRANKLIN				For		For
	2	RENE-PIERRE AZRIA				For		For
02	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS JARDEN CORPORATION'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.				Management	For		For
ARBITRON INC.
Security			03875Q108	Meeting Type			Annual
Ticker Symbol			ARB	Meeting Date			24-May-2006
ISIN				Agenda			932490686 - Management
City				Holding Recon Date			03-Apr-2006
Country			United States	Vote Deadline Date			23-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ALAN W. ALDWORTH				For		For
	2	SHELLYE L. ARCHAMBEAU				For		For
	3	ERICA FARBER				For		For
	4	PHILIP GUARASCIO				For		For
	5	LARRY E. KITTELBERGER				For		For
	6	STEPHEN B. MORRIS				For		For
	7	LUIS G. NOGALES				For		For
	8	LAWRENCE PERLMAN				For		For
	9	RICHARD A. POST				For		For
AVID TECHNOLOGY, INC.
Security			05367P100	Meeting Type			Annual
Ticker Symbol			AVID	Meeting Date			24-May-2006
ISIN				Agenda			932503205 - Management
City				Holding Recon Date			28-Mar-2006
Country			United States	Vote Deadline Date			23-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	GEORGE H. BILLINGS				For		For
	2	NANCY HAWTHORNE				For		For
02	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE CURRENT FISCAL YEAR.				Management	For		For
03	TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.				Management	For		For
STURM, RUGER & COMPANY, INC.
Security			864159108	Meeting Type			Annual
Ticker Symbol			RGR	Meeting Date			24-May-2006
ISIN				Agenda			932520275 - Management
City				Holding Recon Date			20-Apr-2006
Country			United States	Vote Deadline Date			23-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JAMES E. SERVICE				For		For
	2	STEPHEN L. SANETTI				For		For
	3	JOHN A. COSENTINO, JR.				For		For
	4	RICHARD T. CUNNIFF				For		For
	5	JOHN M. KINGSLEY, JR.				For		For
02	THE APPROVAL OF THE APPOINTMENT OF MCGLADREY & PULLEN, LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE 2006 FISCAL YEAR.				Management	For		For
03	IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.				Management	For		For
PARK-OHIO HOLDINGS CORP.
Security			700666100	Meeting Type			Annual
Ticker Symbol			PKOH	Meeting Date			25-May-2006
ISIN				Agenda			932495422 - Management
City				Holding Recon Date			31-Mar-2006
Country			United States	Vote Deadline Date			24-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	MATTHEW V. CRAWFORD				For		For
	2	KEVIN R. GREENE				For		For
	3	RONNA E. ROMNEY				For		For
02	TO APPROVE THE AMENDMENT OF THE PARK-OHIO HOLDINGS CORP. AMENDED AND RESTATED 1998 LONG- TERM INCENTIVE PLAN.				Management	Against		Against
	Comments-Non Specific Performance Measures
03	TO APPROVE THE PARK-OHIO HOLDINGS CORP. ANNUAL CASH BONUS PLAN.				Management	For		For
INTERNET SECURITY SYSTEMS, INC.
Security			46060X107	Meeting Type			Annual
Ticker Symbol			ISSX	Meeting Date			26-May-2006
ISIN				Agenda			932501934 - Management
City				Holding Recon Date			07-Apr-2006
Country			United States	Vote Deadline Date			25-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	THOMAS E. NOONAN				For		For
	2	SAM NUNN				For		For
	3	DAVID N. STROHM				For		For
U.S. PHYSICAL THERAPY, INC.
Security			90337L108	Meeting Type			Annual
Ticker Symbol			USPH	Meeting Date			31-May-2006
ISIN				Agenda			932506693 - Management
City				Holding Recon Date			13-Apr-2006
Country			United States	Vote Deadline Date			30-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	DANIEL C. ARNOLD				For		For
	2	CHRISTOPHER J. READING				For		For
	3	LAWRANCE W. MCAFEE				For		For
	4	MARK J. BROOKNER				For		For
	5	BRUCE D. BROUSSARD				For		For
	6	BERNARD A. HARRIS, JR.				For		For
	7	MARLIN W. JOHNSTON				For		For
	8	J. LIVINGSTON KOSBERG				For		For
	9	JERALD L. PULLINS				For		For
	10	CLAYTON K. TRIER				For		For
02	APPROVAL OF THE AMENDED AND RESTATED 1999 EMPLOYEE STOCK OPTION PLAN.				Management	Against		Against
	Comments-No clear reason given for gift of stock options
03	RATIFICATION OF THE APPOINTMENT OF GRANT THORNTON LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006.				Management	For		For
SYBASE, INC.
Security			871130100	Meeting Type			Annual
Ticker Symbol			SY	Meeting Date			31-May-2006
ISIN				Agenda			932515717 - Management
City				Holding Recon Date			03-Apr-2006
Country			United States	Vote Deadline Date			30-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	RICHARD C. ALBERDING				For		For
	2	JACK E. SUM				For		For
	3	LINDA K. YATES				For		For
02	RATIFICATION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2006				Management	For		For
03	STOCKHOLDER PROPOSAL TO REORGANIZE THE BOARD OF DIRECTORS INTO A SINGLE CLASS				Shareholder	For		Against
IPASS INC.
Security			46261V108	Meeting Type			Annual
Ticker Symbol			IPAS	Meeting Date			01-Jun-2006
ISIN				Agenda			932517571 - Management
City				Holding Recon Date			17-Apr-2006
Country			United States	Vote Deadline Date			31-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	KENNETH D. DENMAN				For		For
	2	OLOF PRIPP				For		For
	3	ALLAN R. SPIES				For		For
02	TO APPROVE IPASS' 2003 NON-EMPLOYEE DIRECTORS PLAN, AS AMENDED, TO CHANGE THE TERMS AND NUMBER OF SHARES GRANTED PURSUANT TO STOCK OPTIONS AND PROVIDE FOR THE GRANT OF RESTRICTED STOCK AWARDS THEREUNDER.				Management	Against		Against
	Comments-Non-Performance based granted stock options
03	RATIFICATION OF THE SELECTION OF KPMG LLP AS IPASS INC.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.				Management	For		For
C&D TECHNOLOGIES, INC.
Security			124661109	Meeting Type			Annual
Ticker Symbol			CHP	Meeting Date			01-Jun-2006
ISIN				Agenda			932526392 - Management
City				Holding Recon Date			20-Apr-2006
Country			United States	Vote Deadline Date			31-May-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	WILLIAM HARRAL, III				For		For
	2	PAMELA LEWIS DAVIES				For		For
	3	KEVIN P. DOWD				For		For
	4	JEFFREY A. GRAVES				For		For
	5	ROBERT I. HARRIES				For		For
	6	GEORGE MACKENZIE				For		For
	7	JOHN A.H. SHOBER				For		For
	8	STANLEY W. SILVERMAN				For		For
	9	ELLEN C. WOLF				For		For
02	APPROVAL OF THE COMPANY'S 2007 STOCK INCENTIVE PLAN.				Management	For		For
03	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JANUARY 31, 2007.				Management	For		For
MANTECH INTERNATIONAL CORP.
Security			564563104	Meeting Type			Annual
Ticker Symbol			MANT	Meeting Date			06-Jun-2006
ISIN				Agenda			932538929 - Management
City				Holding Recon Date			13-Apr-2006
Country			United States	Vote Deadline Date			05-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	GEORGE J. PEDERSEN				For		For
	2	RICHARD L. ARMITAGE				For		For
	3	BARRY G. CAMPBELL				For		For
	4	ROBERT A. COLEMAN				For		For
	5	WALTER R. FATZINGER, JR				For		For
	6	DAVID E. JEREMIAH				For		For
	7	RICHARD J. KERR				For		For
	8	STEPHEN W. PORTER				For		For
	9	PAUL G. STERN				For		For
02	APPROVE THE ADOPTION OF OUR 2006 MANAGEMENT INCENTIVE PLAN.				Management	Against		Against
	Comments-Non-Specific Performance Measures
03	RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP TO SERVE AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.				Management	For		For
CEDAR SHOPPING CENTERS, INC.
Security			150602209	Meeting Type			Annual
Ticker Symbol			CDR	Meeting Date			13-Jun-2006
ISIN				Agenda			932511000 - Management
City				Holding Recon Date			21-Apr-2006
Country			United States	Vote Deadline Date			12-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JAMES J. BURNS				For		For
	2	RICHARD HOMBURG				For		For
	3	PAUL G. KIRK, JR.				For		For
	4	EVERETT B. MILLER, III				For		For
	5	LEO S. ULLMAN				For		For
	6	BRENDA J. WALKER				For		For
	7	ROGER M. WIDMANN				For		For
02	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006.				Management	For		For
THE BISYS GROUP, INC.
Security			055472104	Meeting Type			Annual
Ticker Symbol			BSG	Meeting Date			13-Jun-2006
ISIN				Agenda			932532080 - Management
City				Holding Recon Date			04-May-2006
Country			United States	Vote Deadline Date			12-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	ROBERT J. CASALE				For		For
	2	DENIS A. BOVIN				For		For
	3	THOMAS A. COOPER				For		For
	4	DONI L. FORDYCE				For		For
	5	RUSSELL P. FRADIN				For		For
	6	RICHARD J. HAVILAND				For		For
	7	JOSEPH J. MELONE				For		For
02	THE PROPOSAL TO APPROVE THE COMPANY'S 2006 EMPLOYEE STOCK PURCHASE PLAN.				Management	Against		Against
	Comments-Discount Option Pricing
03	THE PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING JUNE 30, 2006.				Management	For		For
MODTECH HOLDINGS, INC.
Security			60783C100	Meeting Type			Annual
Ticker Symbol			MODT	Meeting Date			13-Jun-2006
ISIN				Agenda			932533880 - Management
City				Holding Recon Date			05-May-2006
Country			United States	Vote Deadline Date			12-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	DAVID M. BUCKLEY				For		For
	2	ROBERT W. CAMPBELL				For		For
	3	DANIEL J. DONAHOE III				For		For
	4	STANLEY N. GAINES				For		For
	5	CHARLES R. GWIRTSMAN				For		For
	6	CHARLES C. MCGETTIGAN				For		For
	7	MYRON A. WICK III				For		For
02	APPROVAL OF THE PROPOSED AMENDMENT TO THE 2002 STOCK OPTION PLAN.				Management	Against		Against
	Comments-Non-Specific Performance Measures
03	RATIFICATION OF THE APPOINTMENT OF PETERSON & COMPANY AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2006.				Management	For		For
CALIFORNIA PIZZA KITCHEN, INC.
Security			13054D109	Meeting Type			Annual
Ticker Symbol			CPKI	Meeting Date			14-Jun-2006
ISIN				Agenda			932519753 - Management
City				Holding Recon Date			26-Apr-2006
Country			United States	Vote Deadline Date			13-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	WILLIAM C. BAKER				For		For
	2	LARRY S. FLAX				For		For
	3	HENRY GLUCK				For		For
	4	STEVEN C. GOOD				For		For
	5	CHARLES G. PHILLIPS				For		For
	6	AVEDICK B. POLADIAN				For		For
	7	RICHARD L. ROSENFIELD				For		For
	8	ALAN I. ROTHENBERG				For		For
02	APPROVAL OF INDEMNIFICATION AGREEMENT.				Management	For		For
03	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS.				Management	For		For
FILENET CORPORATION
Security			316869106	Meeting Type			Annual
Ticker Symbol			FILE	Meeting Date			15-Jun-2006
ISIN				Agenda			932523625 - Management
City				Holding Recon Date			19-Apr-2006
Country			United States	Vote Deadline Date			14-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	LEE D. ROBERTS				For		For
	2	JOHN C. SAVAGE				For		For
	3	ROGER S. SIBONI				For		For
	4	THEODORE J. SMITH				For		For
02	TO APPROVE THE AMENDMENT TO THE AMENDED AND RESTATED 2002 INCENTIVE AWARD PLAN.				Management
	Comments-Non-specific Performance Measures
03	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT ACCOUNTANTS OF THE COMPANY FOR ITS YEAR ENDING DECEMBER 31, 2006.				Management	For		For
COST PLUS, INC.
Security			221485105	Meeting Type			Annual
Ticker Symbol			CPWM	Meeting Date			22-Jun-2006
ISIN				Agenda			932535721 - Management
City				Holding Recon Date			27-Apr-2006
Country			United States	Vote Deadline Date			21-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	JOSEPH H. COULOMBE				For		For
	2	CHRISTOPHER V. DODDS				For		For
	3	BARRY J. FELD				For		For
	4	DANNY W. GURR				For		For
	5	KIM D. ROBBINS				For		For
	6	FREDRIC M. ROBERTS				For		For
02	TO APPROVE AN AMENDMENT TO THE COMPANY'S 2004 STOCK PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE THEREUNDER BY 1,000,000 SHARES.				Management	Against		Against
	Comments-Non-Specific Performance Measures
03	TO APPROVE AN AMENDMENT TO THE COMPANY'S 1996 DIRECTOR OPTION PLAN TO INCREASE THE NUMBER OF SHARES RESERVED FOR ISSUANCE THEREUNDER BY 200,000 SHARES.				Management	Against		Against
	Comments-Not Performance Based
04	TO RATIFY AND APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING FEBRUARY 3, 2007.				Management	For		For
BE AEROSPACE, INC.
Security			073302101	Meeting Type			Annual
Ticker Symbol			BEAV	Meeting Date			28-Jun-2006
ISIN				Agenda			932524588 - Management
City				Holding Recon Date			02-May-2006
Country			United States	Vote Deadline Date			27-Jun-2006
SEDOL(s)				Quick Code
Item	Proposal				Type	Vote		For/Against Management
01	DIRECTOR				Management
	1	RICHARD G. HAMERMESH				For		For
	2	AMIN J. KHOURY				For		For
02	PROPOSAL TO AMEND THE 2005 LONG-TERM INCENTIVE PLAN.				Management	Against		Against
	Comments-Non-Specific Performance Measures
03	PROPOSAL TO AMEND THE CERTIFICATE OF INCORPORATION.				Management	For		For
04	PROPOSAL TO ADOPT THE STOCKHOLDER PROPOSAL (THE MACBRIDE PRINCIPLES).				Shareholder	Against		For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Frontegra Funds, Inc.

By: /s/ Thomas J. Holmberg, Jr.                                                  

             Thomas J. Holmberg, Jr., Co-President

             (Principal Executive Officer)

Date:               8/24/06