FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-09289

Putnam Tax Smart Funds Trust
-------------------------------------------------------------------------
  (Exact name of registrant as specified in charter)

One Post Office Square

Boston, Massachusetts 02109
-------------------------------------------------------------------------
  (Address of principal executive offices)

Beth S. Mazor, Vice President

Putnam Tax Smart Funds Trust

One Post Office Square

Boston, Massachusetts 02109



Copy to:

John W. Gerstmayr, Esq.

Ropes & Gray LLP

One International Place

Boston, Massachusetts 02110
-------------------------------------------------------------------------
  (Name and address of agent for service)


Registrant's telephone number, including area code: (617) 292-1000

Date of Fiscal year-end: 10/31/2005

Date of reporting period: 7/1/2004 - 6/30/2005

Item 1. Proxy Voting Record

Account Number: Putnam Tax Smart Equity Fund

ISSUER NAME		TICKER	CUSIP	MTG DATE	MTG TYPE
				Proposal Type	Voted	Vote	For/Agnst Mgmt
ACE Ltd			G0070K103	5/26/05	Annual
1.01	Elect Evan G. Greenberg			MGMT	YES	FOR	FOR
1.02	Elect John A. Krol			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Adobe Systems Inc		ADBE	00724F101	4/28/05	Annual
1.01	Elect Carol Mills			MGMT	YES	FOR	FOR
1.02	Elect Colleen M. Pouliot			MGMT	YES	FOR	FOR
1.03	Elect Robert Sedgewick			MGMT	YES	FOR	FOR
1.04	Elect John E. Warnock			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Add Shares to Director Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Expense stock options			SHLDR	YES	AGNST	FOR
5.00	Require option shares to be held			SHLDR	YES	AGNST	FOR
6.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
AES Corp		AES	00130H105	4/28/05	Annual
1.01	Elect Richard Darman			MGMT	YES	FOR	FOR
1.02	Elect Paul T. Hanrahan			MGMT	YES	FOR	FOR
1.03	Elect Kristina M. Johnson			MGMT	YES	FOR	FOR
1.04	Elect John A. Koskinen			MGMT	YES	FOR	FOR
1.05	Elect Philip Lader			MGMT	YES	FOR	FOR
1.06	Elect John H. McArthur			MGMT	YES	FOR	FOR
1.07	Elect Sandra O. Moose			MGMT	YES	FOR	FOR
1.08	Elect Phillip A. Odeen			MGMT	YES	FOR	FOR
1.09	Elect Charles O. Rossotti			MGMT	YES	FOR	FOR
1.10	Elect Sven Sandstrom			MGMT	YES	FOR	FOR
1.11	Elect Roger W. Sant			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Alliance Data Systems		ADS	018581108	6/7/05	Annual
1.01	Elect Bruce K. Anderson			MGMT	YES	FOR	FOR
1.02	Elect Roger H. Ballou			MGMT	YES	FOR	FOR
1.03	Elect E. Linn Draper Jr.			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Long Term Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Adopt the Executive Annual Incentive Plan			MGMT	YES	FOR	FOR
4.00	Adopt the Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
Altria Group Inc		MO	02209S103	4/28/05	Annual
1.01	Elect Elizabeth E. Bailey			MGMT	YES	FOR	FOR
1.02	Elect Harold Brown			MGMT	YES	FOR	FOR
1.03	Elect Mathis Cabiallavetta			MGMT	YES	FOR	FOR
1.04	Elect Loius C. Camilleri			MGMT	YES	FOR	FOR
1.05	Elect Dudley Fishburn			MGMT	YES	FOR	FOR
1.06	Elect Robert E.R. Huntley			MGMT	YES	FOR	FOR
1.07	Elect Thomas W. Jones			MGMT	YES	FOR	FOR
1.08	Elect George Munoz			MGMT	YES	FOR	FOR
1.09	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.10	Elect John S. Reed			MGMT	YES	FOR	FOR
1.11	Elect Carlos Slim Helu			MGMT	YES	FOR	FOR
1.12	Elect Stephen M. Wolf			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Performance Incentive Plan			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Stock Compensation Plan for Non-Employee Directors			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
6.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR
7.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR
8.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR
Amerada Hess Corp		AHC	023551104	5/4/05	Annual
1.01	Elect Edith E. Holiday			MGMT	YES	FOR	FOR
1.02	Elect John J. O'Connor			MGMT	YES	FOR	FOR
1.03	Elect F. Borden Walker			MGMT	YES	FOR	FOR
1.04	Elect Robert N. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Amgen Inc		AMGN	031162100	5/11/05	Annual
1.01	Elect David Baltimore			MGMT	YES	FOR	FOR
1.02	Elect Judith C. Pelham			MGMT	YES	FOR	FOR
1.03	Elect Kevin W. Sharer			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.01	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
3.02	Link executive pay to social criteria			SHLDR	YES	AGNST	FOR
3.03	SP - Require option shares to be held			SHLDR	YES	AGNST	FOR
Amphenol Corp		APH	032095101	5/25/05	Annual
1.01	Elect Ronald P. Badie			MGMT	YES	FOR	FOR
1.02	Elect Dean H. Secord			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Apple Computer Inc		AAPL	037833100	4/21/05	Annual
1.01	Elect Fred D. Anderson			MGMT	YES	FOR	FOR
1.02	Elect William V. Campbell			MGMT	YES	WHOLD	AGNST
1.03	Elect Millard S. Drexler			MGMT	YES	FOR	FOR
1.04	Elect Albert Gore Jr.			MGMT	YES	FOR	FOR
1.05	Elect Steven P Jobs			MGMT	YES	FOR	FOR
1.06	Elect Arthur D. Levinson			MGMT	YES	FOR	FOR
1.07	Elect Jerome B. York			MGMT	YES	FOR	FOR
2.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Add shares to employee stock purchase plan			MGMT	YES	FOR	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
Autodesk Inc		ADSK	052769106	6/23/05	Annual
1.01	Elect Carol A. Bartz			MGMT	YES	FOR	FOR
1.02	Elect Mark A. Bertelsen			MGMT	YES	FOR	FOR
1.03	Elect Crawford W. Beveridge			MGMT	YES	FOR	FOR
1.04	Elect J. Hallam Dawson			MGMT	YES	FOR	FOR
1.05	Elect Michael J. Fister			MGMT	YES	FOR	FOR
1.06	Elect Per-Kristian Halvorsen			MGMT	YES	FOR	FOR
1.07	Elect Steven L. Scheid			MGMT	YES	FOR	FOR
1.08	Elect Mary Alice Taylor			MGMT	YES	FOR	FOR
1.09	Elect Larry W. Wangberg			MGMT	YES	FOR	FOR
2.00	Adopt the 2006 Stock Plan			MGMT	YES	AGNST	AGNST
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Adopt the Executive Incenitve Plan			MGMT	YES	FOR	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Autoliv Inc		ALV	052800109	4/26/05	Annual
1.01	Elect Sune Carlsson			MGMT	YES	FOR	FOR
1.02	Elect S. Jay Stewart			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Automatic Data Processing		ADP	053015103	11/9/04	Annual
1.01	Elect Gregory D. Brenneman			MGMT	YES	FOR	FOR
1.02	Elect Leslie A. Brun			MGMT	YES	FOR	FOR
1.03	Elect Gary C. Butler			MGMT	YES	FOR	FOR
1.04	Elect Joseph A. Califano Jr.			MGMT	YES	FOR	FOR
1.05	Elect Leon G. Cooperman			MGMT	YES	FOR	FOR
1.06	Elect R. Glenn Hubbard			MGMT	YES	FOR	FOR
1.07	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.08	Elect Harvey M. Krueger			MGMT	YES	FOR	FOR
1.09	Elect Frederic V. Malek			MGMT	YES	FOR	FOR
1.10	Elect Henry Taub			MGMT	YES	WHOLD	AGNST
1.11	Elect Arthur F. Weinbach			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
AutoZone Inc		AZO	053332102	12/16/04	Annual
1.01	Elect Charles M. Elson			MGMT	YES	FOR	FOR
1.02	Elect Earl G. Graves Jr.			MGMT	YES	FOR	FOR
1.03	Elect N. Gerry House			MGMT	YES	FOR	FOR
1.04	Elect J.R. Hyde III			MGMT	YES	FOR	FOR
1.05	Elect Edward S. Lampert			MGMT	YES	FOR	FOR
1.06	Elect W. Andrew McKenna			MGMT	YES	FOR	FOR
1.07	Elect Steve Odland			MGMT	YES	FOR	FOR
1.08	Elect James J. Postl			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Avon Products Inc		AVP	054303102	5/5/05	Annual
1.01	Elect Fred Hassan			MGMT	YES	FOR	FOR
1.02	Elect Ann S. Moore			MGMT	YES	FOR	FOR
1.03	Elect Lawrence A. Weinbach			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			MGMT	YES	FOR	FOR
4.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
5.00	Review charitable giving policy			SHLDR	YES	AGNST	FOR
6.00	Control generation of pollutants			SHLDR	YES	AGNST	FOR
Bear Stearns Companies Inc		BSC	073902108	4/7/05	Annual
1.01	Elect James E. Cayne			MGMT	YES	FOR	FOR
1.02	Elect Henry S Bienen			MGMT	YES	FOR	FOR
1.03	Elect Carl D. Glickman			MGMT	YES	FOR	FOR
1.04	Elect Alan C. Greenberg			MGMT	YES	FOR	FOR
1.05	Elect Donald J. Harrington			MGMT	YES	FOR	FOR
1.06	Elect Frank T. Nickell			MGMT	YES	FOR	FOR
1.07	Elect Paul A. Novelly			MGMT	YES	FOR	FOR
1.08	Elect Frederic V. Salerno			MGMT	YES	FOR	FOR
1.09	Elect Alan D. Schwartz			MGMT	YES	FOR	FOR
1.10	Elect Warren J. Spector			MGMT	YES	FOR	FOR
1.11	Elect Vincent S. Tese			MGMT	YES	FOR	FOR
1.12	Elect Wesley S. Williams Jr.			MGMT	YES	FOR	FOR
2.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Bed Bath & Beyond Inc		BBBY	075896100	7/1/04	Annual
1.01	Elect Warren Eisenberg			MGMT	YES	FOR	FOR
1.02	Elect Victoria A. Morrison			MGMT	YES	FOR	FOR
1.03	Elect Fran Stoller			MGMT	YES	FOR	FOR
1.04	Elect Stanley F. Barshay			MGMT	YES	FOR	FOR
1.05	Elect Jordan Heller			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Report on EEO			SHLDR	YES	AGNST	FOR
5.00	Require Option Shares to Be Held			SHLDR	YES	AGNST	FOR
Best Buy Co Inc		BBY	086516101	6/23/05	Annual
1.01	Elect Ronald James			MGMT	YES	FOR	FOR
1.02	Elect Elliot S. Kaplan			MGMT	YES	FOR	FOR
1.03	Elect Mathew H. Paull			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Schulze			MGMT	YES	FOR	FOR
1.05	Elect Mary A. Tolan			MGMT	YES	FOR	FOR
1.06	Elect Hatim A. Tyabji			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
BHP Billiton PLC			G10877101	6/13/05	Special
1.00	Set Dividend at 26.00p			MGMT	YES	FOR	FOR
2.00	Reduce share premium account			MGMT	YES	FOR	FOR
BMC Software Inc		BMC	055921100	8/24/04	Annual
1.01	Elect B. Garland Cupp			MGMT	YES	FOR	FOR
1.02	Elect Robert E. Beauchamp			MGMT	YES	FOR	FOR
1.03	Elect Jon E. Barfield			MGMT	YES	FOR	FOR
1.04	Elect John W. Barter			MGMT	YES	FOR	FOR
1.05	Elect Meldon K. Gafner			MGMT	YES	FOR	FOR
1.06	Elect L. W. Gray			MGMT	YES	FOR	FOR
1.07	Elect Kathleen A. O'Neil			MGMT	YES	FOR	FOR
1.08	Elect George F. Raymond			MGMT	YES	FOR	FOR
1.09	Elect Tom C. Tinsley			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Boeing Co		BA	097023105	5/2/05	Annual
1.01	Elect Kenneth M. Duberstein			MGMT	YES	WHOLD	AGNST
1.02	Elect W. James McNerney Jr.			MGMT	YES	WHOLD	AGNST
1.03	Elect Lewis E. Platt			MGMT	YES	WHOLD	AGNST
1.04	Elect Mike S. Zafirovski			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Develop/report on human rights policy			SHLDR	YES	AGNST	FOR
4.00	Review military contracting criteria			SHLDR	YES	AGNST	FOR
5.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
6.00	Repeal classified board			SHLDR	YES	FOR	AGNST
7.00	Eliminate supermajority provision			SHLDR	YES	FOR	AGNST
8.00	Majority vote shareholder committee			SHLDR	YES	AGNST	FOR
9.00	Independent board chairman			SHLDR	YES	AGNST	FOR
Canadian Natural Resources			136385101	5/5/05	Annual
1.00	Election of directors by slate			MGMT	YES	FOR	FOR
2.00	Appoint auditors and set their fees			MGMT	YES	FOR	FOR
3.00	Approve stock split			MGMT	YES	FOR	FOR
Capital One Financial Corp		COF	14040H105	4/28/05	Annual
1.01	Elect Patrick W. Gross			MGMT	YES	FOR	FOR
1.02	Elect Ann Fritz Hackett			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
Cardinal Health Inc		CAH	14149Y108	12/8/04	Annual
1.01	Elect George H. Conrades			MGMT	YES	WHOLD	AGNST
1.02	Elect Robert L. Gerbig			MGMT	YES	WHOLD	AGNST
1.03	Elect Richard C. Notebaert			MGMT	YES	WHOLD	AGNST
2.00	Amend Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Repeal Classified Board			SHLDR	YES	FOR	AGNST
Career Education Corp		CECO	141665109	5/20/05	Annual
1.01	Elect Dennis H. Chookaszian			MGMT	NO
	Elect Dennis H. Chookaszian
1.02	Elect Robert E. Dowdell			MGMT	NO
	Elect Robert E. Dowdell
1.03	Elect Patrick K. Pesch			MGMT	NO
	Elect Patrick K. Pesch
2.00	Ratify selection of auditors			MGMT	NO
	Ratify selection of auditors
Career Education Corp		CECO	141665109	5/20/05	Annual
1.01	Elect Dennis H. Chookaszian			MGMT	YES	WHOLD	AGNST
1.02	Elect Robert E. Dowdell			MGMT	YES	WHOLD	AGNST
1.03	Elect Patrick K. Pesch			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			SHLDR	YES	FOR	AGNST
4.00	Restore right to call a special meeting			SHLDR	YES	FOR	AGNST
5.00	Redeem or vote on poison pill			SHLDR	YES	FOR	AGNST
Cendant Corp		CD	151313103	4/26/05	Annual
1.01	Elect Myra J. Biblowit			MGMT	YES	FOR	FOR
1.02	Elect Leonard S. Coleman			MGMT	YES	FOR	FOR
1.03	Elect Cheryl D. Mills			MGMT	YES	FOR	FOR
1.04	Elect M. Brian Mulroney			MGMT	YES	WHOLD	AGNST
1.05	Elect Robert E. Nederlander			MGMT	YES	FOR	FOR
1.06	Elect Ronald L. Nelson			MGMT	YES	FOR	FOR
1.07	Elect Robert W. Pittman			MGMT	YES	FOR	FOR
1.08	Elect Pauline D.E. Richards			MGMT	YES	FOR	FOR
1.09	Elect Sheli Z. Rosenberg			MGMT	YES	FOR	FOR
1.10	Elect Robert F. Smith			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend deferred compensation plan			MGMT	YES	FOR	FOR
4.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
5.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
6.00	Golden parachutes			SHLDR	YES	AGNST	FOR
Checkfree Corp		CKFR	162813109	10/27/04	Annual
1.01	Elect Peter J. Kight			MGMT	YES	FOR	FOR
1.02	Elect Lewis Levin			MGMT	YES	WHOLD	AGNST
1.03	Elect Jeffrey M. Wilkins			MGMT	YES	FOR	FOR
Chevron Corp		CVX	166764100	4/27/05	Annual
1.01	Elect Samuel H. Armacost			MGMT	YES	FOR	FOR
1.02	Elect Robert E. Denham			MGMT	YES	FOR	FOR
1.03	Elect Robert J. Eaton			MGMT	YES	FOR	FOR
1.04	Elect Samuel L. Ginn			MGMT	YES	FOR	FOR
1.05	Elect Carla A. Hills			MGMT	YES	FOR	FOR
1.06	Elect Franklyn G. Jenifer			MGMT	YES	FOR	FOR
1.07	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.08	Elect David J. O'Reilly			MGMT	YES	FOR	FOR
1.09	Elect Peter J. Robertson			MGMT	YES	FOR	FOR
1.10	Elect Charles R. Shoemate			MGMT	YES	FOR	FOR
1.11	Elect Ronald.D. Sugar			MGMT	YES	FOR	FOR
1.12	Elect Carl Ware			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict director compensation			SHLDR	YES	AGNST	FOR
4.00	Golden parachutes			SHLDR	YES	AGNST	FOR
5.00	Expense stock options			SHLDR	YES	AGNST	FOR
6.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
7.00	Preserve/report on natural habitat			SHLDR	YES	AGNST	FOR
8.00	Control generation of pollutants			SHLDR	YES	AGNST	FOR
Chicago Mercantile Exchange Holdings		CME	167760107	4/27/05	Annual
1.01	Elect Craig S. Donohue			MGMT	YES	WHOLD	AGNST
1.02	Elect Terrence A. Duffy			MGMT	YES	WHOLD	AGNST
1.03	Elect Daniel R. Glickman			MGMT	YES	WHOLD	AGNST
1.04	Elect William P. Miller II			MGMT	YES	WHOLD	AGNST
1.05	Elect James E. Oliff			MGMT	YES	WHOLD	AGNST
1.06	Elect John F. Sandner			MGMT	YES	WHOLD	AGNST
1.07	Elect Terry L. Savage			MGMT	YES	WHOLD	AGNST
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Chubb Corp		CB	171232101	4/26/05	Annual
1.01	Elect Zoe Baird			MGMT	YES	FOR	FOR
1.02	Elect Sheila P. Burke			MGMT	YES	WHOLD	AGNST
1.03	Elect James I. Cash Jr.			MGMT	YES	FOR	FOR
1.04	Elect Joel J. Cohen			MGMT	YES	FOR	FOR
1.05	Elect James M. Cornelius			MGMT	YES	FOR	FOR
1.06	Elect John D. Finnegan			MGMT	YES	FOR	FOR
1.07	Elect Klaus J. Mangold			MGMT	YES	FOR	FOR
1.08	Elect David G. Scholey			MGMT	YES	FOR	FOR
1.09	Elect Raymond G. H. Seitz			MGMT	YES	FOR	FOR
1.10	Elect Lawrence M. Small			MGMT	YES	WHOLD	AGNST
1.11	Elect Daniel E. Somers			MGMT	YES	FOR	FOR
1.12	Elect Karen Hastie Williams			MGMT	YES	FOR	FOR
1.13	Elect Alfred W. Zollar			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Cisco Systems Inc		CSCO	17275R102	11/18/04	Annual
1.01	Elect Carol A. Bartz			MGMT	YES	FOR	FOR
1.02	Elect M. Michele Burns			MGMT	YES	FOR	FOR
1.03	Elect Larry R. Carter			MGMT	YES	FOR	FOR
1.04	Elect John T. Chambers			MGMT	YES	FOR	FOR
1.05	Elect James F. Gibbons			MGMT	YES	FOR	FOR
1.06	Elect John L. Hennessy			MGMT	YES	FOR	FOR
1.07	Elect Roderick C. McGeary			MGMT	YES	FOR	FOR
1.08	Elect James C. Morgan			MGMT	YES	FOR	FOR
1.09	Elect John P. Morgridge			MGMT	YES	FOR	FOR
1.10	Elect Donald T. Valentine			MGMT	YES	FOR	FOR
1.11	Elect Steven M. West			MGMT	YES	FOR	FOR
1.12	Elect Jerry Yang			MGMT	YES	WHOLD	AGNST
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR
Citigroup Inc		C	172967101	4/19/05	Annual
1.01	Elect C. Michael Armstrong			MGMT	YES	FOR	FOR
1.02	Elect Alain J.P. Belda			MGMT	YES	FOR	FOR
1.03	Elect George David			MGMT	YES	FOR	FOR
1.04	Elect Kenneth T. Derr			MGMT	YES	FOR	FOR
1.05	Elect John Deutch			MGMT	YES	FOR	FOR
1.06	Elect Roberto H. Ramirez			MGMT	YES	FOR	FOR
1.07	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.08	Elect Klaus Kleinfeld			MGMT	YES	FOR	FOR
1.09	Elect Dudley C. Mecum II			MGMT	YES	FOR	FOR
1.10	Elect Anne M. Mulcahy			MGMT	YES	FOR	FOR
1.11	Elect Richard D. Parsons			MGMT	YES	FOR	FOR
1.12	Elect Charles Prince			MGMT	YES	FOR	FOR
1.13	Elect Judith Rodin			MGMT	YES	FOR	FOR
1.14	Elect Robert E. Rubin			MGMT	YES	FOR	FOR
1.15	Elect Franklin A. Thomas			MGMT	YES	FOR	FOR
1.16	Elect Sanford I. Weill			MGMT	YES	FOR	FOR
1.17	Elect Robert B. Willumstad			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
6.00	Independent board chairman			SHLDR	YES	AGNST	FOR
7.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
8.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
9.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
10.00	Eliminate supermajority provision			SHLDR	YES	AGNST	FOR
Citrix Systems Inc		CTXS	177376100	5/5/05	Annual
1.01	Elect Murray J. Demo			MGMT	YES	FOR	FOR
1.02	Elect John W. White			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Coach Inc		COH	189754104	11/3/04	Annual
1.01	Elect Joseph Ellis			MGMT	YES	WHOLD	AGNST
1.02	Elect Lew Frankfort			MGMT	YES	FOR	FOR
1.03	Elect Sally Frame Kasaks			MGMT	YES	FOR	FOR
1.04	Elect Gary W. Loveman			MGMT	YES	FOR	FOR
1.05	Elect Irene Miller			MGMT	YES	FOR	FOR
1.06	Elect Keith Monda			MGMT	YES	FOR	FOR
1.07	Elect Michael E. Murphy			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
Coca-Cola Co		KO	191216100	4/19/05	Annual
1.01	Elect Herbert A. Allen			MGMT	YES	WHOLD	AGNST
1.02	Elect Ronald W. Allen			MGMT	YES	WHOLD	AGNST
1.03	Elect Cathleen P. Black			MGMT	YES	WHOLD	AGNST
1.04	Elect Warren E. Buffett			MGMT	YES	WHOLD	AGNST
1.05	Elect Barry Diller			MGMT	YES	WHOLD	AGNST
1.06	Elect Edward Neville Isdell			MGMT	YES	WHOLD	AGNST
1.07	Elect Donald R. Keough			MGMT	YES	WHOLD	AGNST
1.08	Elect Maria Elena Lagomasino			MGMT	YES	WHOLD	AGNST
1.09	Elect Donald F. McHenry			MGMT	YES	WHOLD	AGNST
1.10	Elect Samuel A. Nunn Jr.			MGMT	YES	WHOLD	AGNST
1.11	Elect J. Pedro Reinhard			MGMT	YES	WHOLD	AGNST
1.12	Elect James D. Robinson III			MGMT	YES	WHOLD	AGNST
1.13	Elect Peter V. Ueberroth			MGMT	YES	WHOLD	AGNST
1.14	Elect James B. Williams			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Review operations' impact on local groups			SHLDR	YES	AGNST	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Golden parachutes			SHLDR	YES	ABSTAIN	AGNST
Commerce Bancorp Inc		CBH	200519106	5/17/05	Annual
1.01	Elect Vernon W. Hill II			MGMT	YES	FOR	FOR
1.02	Elect Jack R. Bershad			MGMT	YES	FOR	FOR
1.03	Elect Joseph E. Buckelew			MGMT	YES	FOR	FOR
1.04	Elect Donald T. DiFrancesco			MGMT	YES	FOR	FOR
1.05	Elect Morton N. Kerr			MGMT	YES	FOR	FOR
1.06	Elect Steven M. Lewis			MGMT	YES	FOR	FOR
1.07	Elect John K Lloyd			MGMT	YES	FOR	FOR
1.08	Elect George E. Norcross III			MGMT	YES	FOR	FOR
1.09	Elect Daniel J. Ragone			MGMT	YES	FOR	FOR
1.10	Elect William A. Schwartz Jr.			MGMT	YES	FOR	FOR
1.11	Elect Joseph T. Tarquini Jr.			MGMT	YES	FOR	FOR
1.12	Elect Joseph S. Vassalluzzo			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Countrywide Financial Corp		CFC	222372104	8/17/04	Special
1.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
Countrywide Financial Corp		CFC	222372104	6/15/05	Annual
1.01	Elect Angelo R. Mozilo			MGMT	YES	FOR	FOR
1.02	Elect Stanford L. Kurland			MGMT	YES	FOR	FOR
1.03	Elect Oscar P. Robertson			MGMT	YES	FOR	FOR
1.04	Elect Keith P. Russell			MGMT	YES	FOR	FOR
2.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Cummins Inc		CMI	231021106	5/10/05	Annual
1.01	Elect Robert J. Darnall			MGMT	YES	FOR	FOR
1.02	Elect John Deutch			MGMT	YES	FOR	FOR
1.03	Elect Alexis M. Herman			MGMT	YES	FOR	FOR
1.04	Elect William I. Miller			MGMT	YES	FOR	FOR
1.05	Elect Georgia R. Nelson			MGMT	YES	FOR	FOR
1.06	Elect Theodore M. Solso			MGMT	YES	FOR	FOR
1.07	Elect Carl Ware			MGMT	YES	FOR	FOR
1.08	Elect J. Lawrence Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	China--adopt code of conduct			SHLDR	YES	AGNST	FOR
Dell Inc		DELL	24702R101	7/16/04	Annual
1.01	Elect Donald J. Carty			MGMT	YES	FOR	FOR
1.02	Elect Michael S. Dell			MGMT	YES	FOR	FOR
1.03	Elect William H. Gray III			MGMT	YES	FOR	FOR
1.04	Elect Judy C. Lewent			MGMT	YES	FOR	FOR
1.05	Elect Thomas W. Luce III			MGMT	YES	FOR	FOR
1.06	Elect Klaus S. Luft			MGMT	YES	FOR	FOR
1.07	Elect Alex J. Mandl			MGMT	YES	FOR	FOR
1.08	Elect Michael A. Miles			MGMT	YES	FOR	FOR
1.09	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.10	Elect Kevin B. Rollins			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Expense Stock Options			SHLDR	YES	AGNST	FOR
Devon Energy Corp		DVN	25179M103	6/8/05	Annual
1.01	Elect John A. Hill			MGMT	YES	FOR	FOR
1.02	Elect William J. Johnson			MGMT	YES	FOR	FOR
1.03	Elect Robert A. Mosbacher Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Long Term Incentive Plan			MGMT	YES	FOR	FOR
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Disney (Walt) Co		DIS	254687106	2/11/05	Annual
1.01	Elect John E. Bryson			MGMT	YES	FOR	FOR
1.02	Elect John S. Chen			MGMT	YES	FOR	FOR
1.03	Elect Michael D. Eisner			MGMT	YES	FOR	FOR
1.04	Elect Judith L. Estrin			MGMT	YES	FOR	FOR
1.05	Elect Robert A. Iger			MGMT	YES	FOR	FOR
1.06	Elect Aylwin B. Lewis			MGMT	YES	FOR	FOR
1.07	Elect Fred Horst Langhammer			MGMT	YES	FOR	FOR
1.08	Elect Monica C. Lozano			MGMT	YES	FOR	FOR
1.09	Elect Robert W. Matschullat			MGMT	YES	FOR	FOR
1.10	Elect George J. Mitchell			MGMT	YES	FOR	FOR
1.11	Elect Leo J. O'Donovan			MGMT	YES	FOR	FOR
1.12	Elect Gary L. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Adopt antigreenmail provision			SHLDR	YES	AGNST	FOR
5.00	Review global labor practices			SHLDR	YES	AGNST	FOR
Eastman Kodak Co		EK	277461109	5/11/05	Annual
1.01	Elect Richard S. Braddock			MGMT	YES	FOR	FOR
1.02	Elect Daniel A. Carp			MGMT	YES	FOR	FOR
1.03	Elect Durk I. Jager			MGMT	YES	FOR	FOR
1.04	Elect Debra L. Lee			MGMT	YES	FOR	FOR
1.05	Elect Antonio M. Perez			MGMT	YES	FOR	FOR
1.06	Elect Michael J. Hawley			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Omnibus Long-Term Compensation Plan			MGMT	YES	AGNST	AGNST
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
5.00	Repeal classified board			MGMT	YES	FOR	FOR
	Eliminate supermajority lock-in
6.00	Elim. supermajority requirement for business trans			MGMT	YES	FOR	FOR
7.00	Approve non-technical charter amendments			MGMT	YES	FOR	FOR
Ebay Inc		EBAY	278642103	6/23/05	Annual
1.01	Elect Fred D. Anderson			MGMT	YES	FOR	FOR
1.02	Elect Edward W. Barnholt			MGMT	YES	FOR	FOR
1.03	Elect Scott D. Cook			MGMT	YES	FOR	FOR
1.04	Elect Robert C. Kagle			MGMT	YES	FOR	FOR
2.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
6.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Everest Re Group Ltd		RE	G3223R108	5/25/05	Annual
1.01	Elect Thomas J. Gallagher			MGMT	YES	FOR	FOR
1.02	Elect William F. Galtney Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend Director Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
Express Scripts Inc		ESRX	302182100	5/25/05	Annual
1.01	Elect Gary G Benanav			MGMT	YES	FOR	FOR
1.02	Elect Frank J. Borelli			MGMT	YES	FOR	FOR
1.03	Elect Maura C Breen			MGMT	YES	FOR	FOR
1.04	Elect Nicholas J. LaHowchic			MGMT	YES	FOR	FOR
1.05	Elect Thomas P. Mac Mahon			MGMT	YES	FOR	FOR
1.06	Elect John O. Parker Jr.			MGMT	YES	FOR	FOR
1.07	Elect George Paz			MGMT	YES	FOR	FOR
1.08	Elect Samuel K. Skinner			MGMT	YES	WHOLD	AGNST
1.09	Elect Seymour Sternberg			MGMT	YES	FOR	FOR
1.10	Elect Barrett A. Toan			MGMT	YES	FOR	FOR
1.11	Elect Howard L. Waltman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Exxon Mobil Corp		XOM	30231G102	5/25/05	Annual
1.01	Elect Michael J. Boskin			MGMT	YES	FOR	FOR
1.02	Elect William W. George			MGMT	YES	FOR	FOR
1.03	Elect James R. Houghton			MGMT	YES	FOR	FOR
1.04	Elect William R. Howell			MGMT	YES	FOR	FOR
1.05	Elect Reatha Clark King			MGMT	YES	FOR	FOR
1.06	Elect Philip E. Lippincott			MGMT	YES	FOR	FOR
1.07	Elect Henry A. McKinnell Jr.			MGMT	YES	FOR	FOR
1.08	Elect Marilyn Carlson Nelson			MGMT	YES	FOR	FOR
1.09	Elect Lee R. Raymond			MGMT	YES	FOR	FOR
1.10	Elect Walter V. Shipley			MGMT	YES	FOR	FOR
1.11	Elect Rex W. Tillerson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Affirm political nonpartisanship			SHLDR	YES	AGNST	FOR
4.00	Restrict director compensation			SHLDR	YES	AGNST	FOR
5.00	Nominate Directors with Energy Expertise			SHLDR	YES	AGNST	FOR
6.00	Review operations' impact on local groups			SHLDR	YES	AGNST	FOR
7.00	Adopt sexual orientation anti-bias policy			SHLDR	YES	AGNST	FOR
8.00	Preserve/report on natural habitat			SHLDR	YES	AGNST	FOR
9.00	Report or take action on climate change			SHLDR	YES	AGNST	FOR
10.00	Report or take action on climate change			SHLDR	YES	AGNST	FOR
Fair Isaac Corp		FIC	303250104	2/1/05	Annual
1.01	Elect A. George Battle			MGMT	YES	FOR	FOR
1.02	Elect Andrew Cecere			MGMT	YES	FOR	FOR
1.03	Elect Tony J. Christianson			MGMT	YES	FOR	FOR
1.04	Elect Thomas G. Grudnowski			MGMT	YES	FOR	FOR
1.05	Elect Alex W. (Pete) Hart			MGMT	YES	FOR	FOR
1.06	Elect Philip G. Heasley			MGMT	YES	FOR	FOR
1.07	Elect Guy R. Henshaw			MGMT	YES	FOR	FOR
1.08	Elect David S.P. Hopkins			MGMT	YES	FOR	FOR
1.09	Elect Margaret L. Taylor			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Family Dollar Stores		FDO	307000109	1/20/05	Annual
1.01	Elect Mark R. Bernstein			MGMT	YES	FOR	FOR
1.02	Elect Sharon Allred Decker			MGMT	YES	FOR	FOR
1.03	Elect Edward C. Dolby			MGMT	YES	FOR	FOR
1.04	Elect Glenn A. Eisenberg			MGMT	YES	FOR	FOR
1.05	Elect Howard R. Levine			MGMT	YES	FOR	FOR
1.06	Elect George R. Mahoney Jr.			MGMT	YES	FOR	FOR
1.07	Elect James G. Martin			MGMT	YES	FOR	FOR
2.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Federal Home Loan Mortgage Corp		FRE	313400301	11/4/04	Annual
1.01	Elect Barbara T. Alexander			MGMT	YES	FOR	FOR
1.02	Elect Geoffrey T. Boisi			MGMT	YES	FOR	FOR
1.03	Elect Michelle Engler			MGMT	YES	FOR	FOR
1.04	Elect Richard Karl Goeltz			MGMT	YES	FOR	FOR
1.05	Elect Thomas S. Johnson			MGMT	YES	FOR	FOR
1.06	Elect William M. Lewis Jr			MGMT	YES	FOR	FOR
1.07	Elect John B. McCoy			MGMT	YES	FOR	FOR
1.08	Elect Eugene M. McQuade			MGMT	YES	FOR	FOR
1.09	Elect Shaun F. O'Malley			MGMT	YES	FOR	FOR
1.10	Elect Ronald F. Poe			MGMT	YES	FOR	FOR
1.11	Elect Stephen A. Ross			MGMT	YES	FOR	FOR
1.12	Elect Richard F. Syron			MGMT	YES	FOR	FOR
1.13	Elect William J. Turner			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Adopt Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
Fiserv Inc		FISV	337738108	4/6/05	Annual
1.01	Elect Donald F. Dillon			MGMT	YES	FOR	FOR
1.02	Elect Gerald J. Levy			MGMT	YES	FOR	FOR
1.03	Elect Glenn M. Renwick			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
4.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR
Forest Laboratories		FRX	345838106	8/11/04	Annual
1.01	Elect Howard Solomon			MGMT	YES	FOR	FOR
1.02	Elect William J. Candee III			MGMT	YES	FOR	FOR
1.03	Elect George S. Cohan			MGMT	YES	FOR	FOR
1.04	Elect Dan L. Goldwasser			MGMT	YES	FOR	FOR
1.05	Elect Lester B. Salans			MGMT	YES	FOR	FOR
1.06	Elect Kenneth E. Goodman			MGMT	YES	FOR	FOR
1.07	Elect Phillip M. Satow			MGMT	YES	FOR	FOR
2.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
General Growth Properties Inc		GGP	370021107	5/4/05	Annual
1.01	Elect Matthew Bucksbaum			MGMT	YES	FOR	FOR
1.02	Elect Bernard Freibaum			MGMT	YES	FOR	FOR
1.03	Elect Beth A. Stewart			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Goldman Sachs Group Inc		GS	38141G104	4/6/05	Annual
1.01	Elect John H. Bryan			MGMT	YES	FOR	FOR
1.02	Elect Stephen Friedman			MGMT	YES	FOR	FOR
1.03	Elect William W. George			MGMT	YES	FOR	FOR
1.04	Elect Henry M. Paulson Jr.			MGMT	YES	FOR	FOR
2.00	Repeal classified board			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Google Inc		GOOG	38259P508	5/12/05	Annual
1.01	Elect Eric E. Schmidt			MGMT	YES	FOR	FOR
1.02	Elect Larry Page			MGMT	YES	FOR	FOR
1.03	Elect Sergey Brin			MGMT	YES	FOR	FOR
1.04	Elect L. John Doerr			MGMT	YES	WHOLD	AGNST
1.05	Elect John L. Hennessy			MGMT	YES	FOR	FOR
1.06	Elect Arthur D. Levinson			MGMT	YES	FOR	FOR
1.07	Elect Michael Moritz			MGMT	YES	FOR	FOR
1.08	Elect Paul S. Otellini			MGMT	YES	FOR	FOR
1.09	Elect K. Ram Shriram			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add shares to the 2004 Stock Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
Harley-Davidson Inc		HDI	412822108	4/30/05	Annual
1.01	Elect George H. Conrades			MGMT	YES	FOR	FOR
1.02	Elect Sara L. Levinson			MGMT	YES	FOR	FOR
1.03	Elect George L. Miles Jr.			MGMT	YES	FOR	FOR
2.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Hartford Financial Services Group Inc		HIG	416515104	5/18/05	Annual
1.01	Elect Ramani Ayer			MGMT	YES	FOR	FOR
1.02	Elect Ronald E. Ferguson			MGMT	YES	FOR	FOR
1.03	Elect Edward J. Kelly III			MGMT	YES	FOR	FOR
1.04	Elect Paul G. Kirk Jr.			MGMT	YES	FOR	FOR
1.05	Elect Thomas M. Marra			MGMT	YES	FOR	FOR
1.06	Elect Gail J. McGovern			MGMT	YES	FOR	FOR
1.07	Elect Michael G. Morris			MGMT	YES	FOR	FOR
1.08	Elect Robert W. Selander			MGMT	YES	FOR	FOR
1.09	Elect Charles B. Strauss			MGMT	YES	FOR	FOR
1.10	Elect H. Patrick Swygert			MGMT	YES	FOR	FOR
1.11	Elect David K. Zwiener			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Incentive Stock Plan			MGMT	YES	FOR	FOR
4.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR
HCA Inc		HCA	404119109	5/26/05	Annual
1.01	Elect C. Michael Armstrong			MGMT	YES	FOR	FOR
1.02	Elect Magdalena H. Averhoff			MGMT	YES	FOR	FOR
1.03	Elect Jack O. Bovender Jr.			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Bracken			MGMT	YES	FOR	FOR
1.05	Elect Martin S. Feldstein			MGMT	YES	FOR	FOR
1.06	Elect Thomas F. Frist Jr.			MGMT	YES	FOR	FOR
1.07	Elect Frederick W. Gluck			MGMT	YES	FOR	FOR
1.08	Elect Glenda A. Hatchett			MGMT	YES	FOR	FOR
1.09	Elect Charles O. Holliday Jr.			MGMT	YES	FOR	FOR
1.10	Elect T. Michael Long			MGMT	YES	FOR	FOR
1.11	Elect John H. McArthur			MGMT	YES	FOR	FOR
1.12	Elect Kent C. Nelson			MGMT	YES	FOR	FOR
1.13	Elect Frank S. Royal			MGMT	YES	WHOLD	AGNST
1.14	Elect Harold T. Shapiro			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
Hewlett-Packard Co		HPQ	428236103	3/16/05	Annual
1.01	Elect Lawrence T. Babbio Jr.			MGMT	YES	FOR	FOR
1.02	Elect Patricia C. Dunn			MGMT	YES	FOR	FOR
1.03	Elect Richard A. Hackborn			MGMT	YES	FOR	FOR
1.04	Elect George A. Keyworth II			MGMT	YES	FOR	FOR
1.05	Elect Robert E. Knowling Jr.			MGMT	YES	FOR	FOR
1.06	Elect Thomas J. Perkins			MGMT	YES	FOR	FOR
1.07	Elect Robert L. Ryan			MGMT	YES	FOR	FOR
1.08	Elect Lucille S. Salhany			MGMT	YES	FOR	FOR
1.09	Elect Robert P. Wayman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add shares to employee stock purchase plan			MGMT	YES	FOR	FOR
Home Depot Inc		HD	437076102	5/26/05	Annual
1.01	Elect Gregory D. Brenneman			MGMT	YES	FOR	FOR
1.02	Elect Richard H. Brown			MGMT	YES	FOR	FOR
1.03	Elect John L. Clendenin			MGMT	YES	FOR	FOR
1.04	Elect Berry R. Cox			MGMT	YES	FOR	FOR
1.05	Elect Claudio X. Gonzalez Laporte			MGMT	YES	WHOLD	AGNST
1.06	Elect Milledge A. Hart III			MGMT	YES	FOR	FOR
1.07	Elect Bonnie Guiton Hill			MGMT	YES	WHOLD	AGNST
1.08	Elect Laban P. Jackson Jr.			MGMT	YES	FOR	FOR
1.09	Elect Lawrence R. Johnston			MGMT	YES	FOR	FOR
1.10	Elect Kenneth G. Langone			MGMT	YES	FOR	FOR
1.11	Elect Robert L. Nardelli			MGMT	YES	FOR	FOR
1.12	Elect Thomas J. Ridge			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt advance notice requirement			MGMT	YES	FOR	FOR
4.00	Adopt the 2005 Omnibus Stock Incentive Plan			MGMT	YES	AGNST	AGNST
5.00	Report on EEO			SHLDR	YES	AGNST	FOR
6.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
7.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
8.00	Golden parachutes			SHLDR	YES	AGNST	FOR
9.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
10.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR
11.00	Affirm political nonpartisanship			SHLDR	YES	AGNST	FOR
Humana Inc		HUM	444859102	4/26/05	Annual
1.01	Elect David A. Jones Jr.			MGMT	YES	FOR	FOR
1.02	Elect Frank A. D'Amelio			MGMT	YES	FOR	FOR
1.03	Elect Roy W. Dunbar			MGMT	YES	FOR	FOR
1.04	Elect John R. Hall			MGMT	YES	FOR	FOR
1.05	Elect Kurt J. Hilzinger			MGMT	YES	FOR	FOR
1.06	Elect Michael B. McCallister			MGMT	YES	FOR	FOR
1.07	Elect W. Ann Reynolds			MGMT	YES	FOR	FOR
Ingram Micro Inc		IM	457153104	6/1/05	Annual
1.01	Elect Kent B. Foster			MGMT	YES	FOR	FOR
1.02	Elect Howard I. Atkins			MGMT	YES	FOR	FOR
1.03	Elect Martha R. Ingram			MGMT	YES	FOR	FOR
1.04	Elect Linda Fayne Levinson			MGMT	YES	FOR	FOR
1.05	Elect Kevin M. Murai			MGMT	YES	FOR	FOR
1.06	Elect Gregory M.E. Spierkel			MGMT	YES	FOR	FOR
Intel Corp		INTC	458140100	5/18/05	Annual
1.01	Elect Craig R. Barrett			MGMT	YES	FOR	FOR
1.02	Elect Charlene Barshefsky			MGMT	YES	FOR	FOR
1.03	Elect E. John P. Browne			MGMT	YES	FOR	FOR
1.04	Elect D. James Guzy			MGMT	YES	FOR	FOR
1.05	Elect Reed E. Hundt			MGMT	YES	FOR	FOR
1.06	Elect Paul S. Otellini			MGMT	YES	FOR	FOR
1.07	Elect David S. Pottruck			MGMT	YES	FOR	FOR
1.08	Elect Jane E. Shaw			MGMT	YES	FOR	FOR
1.09	Elect John L. Thornton			MGMT	YES	FOR	FOR
1.10	Elect David B. Yoffie			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2004 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
International Business Machines Corp		IBM	459200101	4/26/05	Annual
1.01	Elect Cathleen P. Black			MGMT	YES	FOR	FOR
1.02	Elect Kenneth I. Chenault			MGMT	YES	FOR	FOR
1.03	Elect Juergen Dormann			MGMT	YES	FOR	FOR
1.04	Elect Michael L. Eskew			MGMT	YES	FOR	FOR
1.05	Elect Charles F. Knight			MGMT	YES	FOR	FOR
1.06	Elect Minoru Makihara			MGMT	YES	FOR	FOR
1.07	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.08	Elect Samuel J. Palmisano			MGMT	YES	FOR	FOR
1.09	Elect Joan E. Spero			MGMT	YES	FOR	FOR
1.10	Elect Sidney Taurel			MGMT	YES	FOR	FOR
1.11	Elect Charles M. Vest			MGMT	YES	FOR	FOR
1.12	Elect Lorenzo H. Zambrano Trevino			MGMT	YES	FOR	FOR
1.13	Misc. board of directors			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt cumulative voting			SHLDR	YES	AGNST	FOR
4.00	Provide pension choices			SHLDR	YES	AGNST	FOR
5.00	Pension fund surplus			SHLDR	YES	AGNST	FOR
6.00	Expense stock options			SHLDR	YES	AGNST	FOR
7.00	Disclose executive compensation			SHLDR	YES	AGNST	FOR
8.00	Report on risk to image of globalization strategy			SHLDR	YES	AGNST	FOR
Investors Financial Services Corp		IFIN	461915100	4/14/05	Annual
1.01	Elect Phyllis S. Swersky			MGMT	YES	FOR	FOR
1.02	Elect Edward F. Hines Jr.			MGMT	YES	WHOLD	AGNST
2.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
JetBlue Airways Corp		JBLU	477143101	5/18/05	Annual
1.01	Elect Michael Lazarus			MGMT	YES	FOR	FOR
1.02	Elect David Neeleman			MGMT	YES	FOR	FOR
1.03	Elect Frank Sica			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Johnson & Johnson		JNJ	478160104	4/28/05	Annual
1.01	Elect Mary S. Coleman			MGMT	YES	FOR	FOR
1.02	Elect James G. Cullen			MGMT	YES	FOR	FOR
1.03	Elect Robert J. Darretta			MGMT	YES	FOR	FOR
1.04	Elect Michael M. E. Johns			MGMT	YES	FOR	FOR
1.05	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.06	Elect Arnold G. Langbo			MGMT	YES	FOR	FOR
1.07	Elect Susan L. Lindquist			MGMT	YES	FOR	FOR
1.08	Elect Leo F. Mullin			MGMT	YES	FOR	FOR
1.09	Elect Christine A. Poon			MGMT	YES	FOR	FOR
1.10	Elect Steven S. Reinemund			MGMT	YES	FOR	FOR
1.11	Elect David Satcher			MGMT	YES	FOR	FOR
1.12	Elect William C. Weldon			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Laboratory Corp of America Holdings		LH	50540R409	5/18/05	Annual
1.01	Elect Thomas P. Mac Mahon			MGMT	YES	FOR	FOR
1.02	Elect Jean-Luc Belingard			MGMT	YES	FOR	FOR
1.03	Elect Wendy E. Lane			MGMT	YES	FOR	FOR
1.04	Elect Robert E. Mittelstaedt Jr.			MGMT	YES	FOR	FOR
1.05	Elect Arthur H. Rubenstein			MGMT	YES	FOR	FOR
1.06	Elect Andrew G. Wallace			MGMT	YES	FOR	FOR
1.07	Elect M. Keith Weikel			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Lehman Brothers Holdings Inc		LEH	524908100	4/5/05	Annual
1.01	Elect Michael L. Ainslie			MGMT	YES	FOR	FOR
1.02	Elect John F. Akers			MGMT	YES	FOR	FOR
1.03	Elect Richard S. Fuld Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
Lennar Corp		LEN	526057104	3/29/05	Annual
1.01	Elect Stuart A. Miller			MGMT	YES	WHOLD	AGNST
1.02	Elect Steven J. Saiontz			MGMT	YES	WHOLD	AGNST
1.03	Elect Robert J. Strudler			MGMT	YES	WHOLD	AGNST
2.00	Report or take action on climate change			SHLDR	YES	AGNST	FOR
Lexmark International Inc		LXK	529771107	4/28/05	Annual
1.01	Elect B. Charles Ames			MGMT	YES	FOR	FOR
1.02	Elect Ralph E. Gomory			MGMT	YES	FOR	FOR
1.03	Elect Marvin L. Mann			MGMT	YES	WHOLD	AGNST
1.04	Elect Teresa Beck			MGMT	YES	FOR	FOR
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Linear Technology Corp		LLTC	535678106	11/3/04	Annual
1.01	Elect Robert H. Swanson Jr.			MGMT	YES	FOR	FOR
1.02	Elect David S. Lee			MGMT	YES	FOR	FOR
1.03	Elect Leo T. McCarthy			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Moley			MGMT	YES	FOR	FOR
1.05	Elect Thomas S. Volpe			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Lockheed Martin Corp		LMT	539830109	4/28/05	Annual
1.01	Elect E.C. Aldridge Jr.			MGMT	YES	WHOLD	AGNST
1.02	Elect Nolan D. Archibald			MGMT	YES	WHOLD	AGNST
1.03	Elect Marcus C. Bennett			MGMT	YES	WHOLD	AGNST
1.04	Elect James O.Ellis			MGMT	YES	WHOLD	AGNST
1.05	Elect Gwendolyn S. King			MGMT	YES	WHOLD	AGNST
1.06	Elect Douglas H. McCorkindale			MGMT	YES	WHOLD	AGNST
1.07	Elect Eugene F. Murphy			MGMT	YES	WHOLD	AGNST
1.08	Elect Joseph W. Ralston			MGMT	YES	WHOLD	AGNST
1.09	Elect Frank Savage			MGMT	YES	WHOLD	AGNST
1.10	Elect Anne Stevens			MGMT	YES	FOR	FOR
1.11	Elect Robert J. Stevens			MGMT	YES	WHOLD	AGNST
1.12	Elect James R. Ukropina			MGMT	YES	WHOLD	AGNST
1.13	Elect Douglas C. Yearley			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Eliminate supermajority provision			SHLDR	YES	FOR	AGNST
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
7.00	Review/develop broad social standards			SHLDR	YES	AGNST	FOR
Lowe's Companies Inc		LOW	548661107	5/27/05	Annual
1.01	Elect Robert Alexander Ingram			MGMT	YES	WHOLD	AGNST
1.02	Elect Richard K. Lochridge			MGMT	YES	FOR	FOR
1.03	Elect Robert L. Johnson			MGMT	YES	FOR	FOR
2.00	Amend Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Marathon Oil Corp		MRO	565849106	4/27/05	Annual
1.01	Elect Shirley A. Jackson			MGMT	YES	FOR	FOR
1.02	Elect Philip Lader			MGMT	YES	FOR	FOR
1.03	Elect Seth E. Schofield			MGMT	YES	FOR	FOR
1.04	Elect Douglas C. Yearley			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			SHLDR	YES	FOR	AGNST
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Masco Corp		MAS	574599106	5/10/05	Annual
1.01	Elect Verne G. Istock			MGMT	YES	FOR	FOR
1.02	Elect David L. Johnston			MGMT	YES	FOR	FOR
1.03	Elect J. Michael Losh			MGMT	YES	WHOLD	AGNST
1.04	Elect Dennis W. Archer			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Long Term Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
McDonald's Corp		MCD	580135101	5/11/05	Annual
1.01	Elect Hall Adams Jr.			MGMT	YES	FOR	FOR
1.02	Elect Cary D. McMillan			MGMT	YES	FOR	FOR
1.03	Elect Michael J. Roberts			MGMT	YES	FOR	FOR
1.04	Elect James A. Skinner			MGMT	YES	FOR	FOR
1.05	Elect Anne-Marie Slaughter			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Review or curb bioengineering			SHLDR	YES	AGNST	FOR
McGraw-Hill Companies Inc		MHP	580645109	4/27/05	Annual
1.01	Elect Winfried Bischoff			MGMT	YES	FOR	FOR
1.02	Elect Douglas N. Daft			MGMT	YES	FOR	FOR
1.03	Elect Linda Koch Lorimer			MGMT	YES	FOR	FOR
1.04	Elect Harold W. McGraw III			MGMT	YES	FOR	FOR
2.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Redeem or vote on poison pill			SHLDR	YES	FOR	AGNST
Medco Health Solutions Inc		MHS	58405U102	5/31/05	Annual
1.01	Elect John L. Cassis			MGMT	YES	FOR	FOR
1.02	Elect Michael Goldstein			MGMT	YES	WHOLD	AGNST
1.03	Elect Blenda J. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2002 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Adopt the 2003 Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
5.00	Adopt the Executive Incentive Compensation Plan			MGMT	YES	FOR	FOR
Medtronic Inc		MDT	585055106	8/26/04	Annual
1.01	Elect William R. Brody			MGMT	YES	WHOLD	AGNST
1.02	Elect Arthur D. Collins Jr.			MGMT	YES	FOR	FOR
1.03	Elect Antonio M. Gotto Jr.			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR
Merck & Co		MRK	589331107	4/26/05	Annual
1.01	Elect Rochelle B. Lazarus			MGMT	YES	FOR	FOR
1.02	Elect William G. Bowen			MGMT	YES	FOR	FOR
1.03	Elect Raymond V. Gilmartin			MGMT	YES	FOR	FOR
1.04	Elect Thomas E. Shenk			MGMT	YES	FOR	FOR
1.05	Elect Anne M. Tatlock			MGMT	YES	FOR	FOR
1.06	Elect Samuel O. Thier			MGMT	YES	FOR	FOR
1.07	Elect Wendell P. Weeks			MGMT	YES	FOR	FOR
1.08	Elect Peter C. Wendell			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
6.00	Independent board chairman			SHLDR	YES	AGNST	FOR
7.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
8.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
9.00	Review AIDS pandemic's impact on company			SHLDR	YES	AGNST	FOR
Michaels Stores Inc		MIK	594087108	6/16/05	Annual
1.01	Elect Charles J. Wyly Jr.			MGMT	YES	FOR	FOR
1.02	Elect Sam Wyly			MGMT	YES	FOR	FOR
1.03	Elect Richard E. Hanlon			MGMT	YES	FOR	FOR
1.04	Elect Richard C. Marcus			MGMT	YES	FOR	FOR
1.05	Elect Liz Minyard			MGMT	YES	FOR	FOR
1.06	Elect Cece Smith			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Incentive Compensation Plan			MGMT	YES	AGNST	AGNST
Microsoft Corp		MSFT	594918104	11/9/04	Annual
1.01	Elect William H. Gates III			MGMT	YES	FOR	FOR
1.02	Elect Steven A. Ballmer			MGMT	YES	FOR	FOR
1.03	Elect James I. Cash Jr.			MGMT	YES	FOR	FOR
1.04	Elect Raymond V. Gilmartin			MGMT	YES	FOR	FOR
1.05	Elect Ann McLaughlin Korologos			MGMT	YES	FOR	FOR
1.06	Elect David F. Marquardt			MGMT	YES	FOR	FOR
1.07	Elect Charles H. Noski			MGMT	YES	FOR	FOR
1.08	Elect Helmut Panke			MGMT	YES	FOR	FOR
1.09	Elect Jon A. Shirley			MGMT	YES	FOR	FOR
2.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
3.00	Amend Director Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Reapprove Option/Bonus Plan for OBRA			MGMT	YES	FOR	FOR
5.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
Molson Coors Brewing Co		TAP	60871R209	5/11/05	Annual
1.11	Elect John E. Cleghorn			MGMT	YES	WHOLD	AGNST
1.12	Elect Charles M. Herington			MGMT	YES	WHOLD	AGNST
1.13	Elect David P. O'Brien			MGMT	YES	WHOLD	AGNST
North Fork Bancorporation		NFB	659424105	8/31/04	Special
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
	Approve Common Stock Issuance
NVR Inc		NVR	62944T105	5/4/05	Annual
1.01	Elect Dwight C. Schar			MGMT	YES	FOR	FOR
1.02	Elect Robert C. Butler			MGMT	YES	FOR	FOR
1.03	Elect George E. Slye			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
Office Depot Inc		ODP	676220106	5/13/05	Annual
1.01	Elect Lee A. Ault III			MGMT	YES	FOR	FOR
1.02	Elect Neil R. Austrian			MGMT	YES	FOR	FOR
1.03	Elect David W. Bernauer			MGMT	YES	FOR	FOR
1.04	Elect Abelardo E. Bru			MGMT	YES	FOR	FOR
1.05	Elect David I. Fuente			MGMT	YES	FOR	FOR
1.06	Elect Brenda J. Gaines			MGMT	YES	FOR	FOR
1.07	Elect Myra M. Hart			MGMT	YES	FOR	FOR
1.08	Elect W. Scott Hedrick			MGMT	YES	FOR	FOR
1.09	Elect James L. Heskett			MGMT	YES	FOR	FOR
1.10	Elect Patricia A. McKay			MGMT	YES	FOR	FOR
1.11	Elect Michael J. Myers			MGMT	YES	FOR	FOR
1.12	Elect Steve Odland			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Oracle Corp		ORCL	68389X105	10/29/04	Annual
1.01	Elect Jeffrey O. Henley			MGMT	YES	FOR	FOR
1.02	Elect Lawrence J. Ellison			MGMT	YES	FOR	FOR
1.03	Elect Donald L. Lucas			MGMT	YES	FOR	FOR
1.04	Elect Michael J. Boskin			MGMT	YES	FOR	FOR
1.05	Elect Jack F. Kemp			MGMT	YES	FOR	FOR
1.06	Elect Jeffrey Berg			MGMT	YES	FOR	FOR
1.07	Elect Safra Catz			MGMT	YES	FOR	FOR
1.08	Elect Hector Garcia-Molina			MGMT	YES	FOR	FOR
1.09	Elect Joseph Grundfest			MGMT	YES	FOR	FOR
1.10	Elect H. Raymond Bingham			MGMT	YES	WHOLD	AGNST
1.11	Elect Charles E. Phillips Jr.			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
5.00	China--Adopt Code of Conduct			SHLDR	YES	AGNST	FOR
Overseas Shipholding Group		OSG	690368105	6/7/05	Annual
1.01	Elect Morton Arntzen			MGMT	YES	FOR	FOR
1.02	Elect Oudi Recanati			MGMT	YES	FOR	FOR
1.03	Elect G. Allen Andreas III			MGMT	YES	FOR	FOR
1.04	Elect Alan R. Batkin			MGMT	YES	WHOLD	AGNST
1.05	Elect Thomas B. Coleman			MGMT	YES	FOR	FOR
1.06	Elect Charles Fribourg			MGMT	YES	FOR	FOR
1.07	Elect Stanley Komaroff			MGMT	YES	FOR	FOR
1.08	Elect Solomon N. Merkin			MGMT	YES	FOR	FOR
1.09	Elect Joel I. Picket			MGMT	YES	FOR	FOR
1.10	Elect Ariel Recanati			MGMT	YES	FOR	FOR
1.11	Elect Thomas F. Robards			MGMT	YES	FOR	FOR
1.12	Elect Michael J. Zimmerman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
PacifiCare Health Systems		PHS	695112102	5/19/05	Annual
1.01	Elect Aida Alvarez			MGMT	YES	FOR	FOR
1.02	Elect Bradly C. Call			MGMT	YES	FOR	FOR
1.03	Elect Terry O. Hartshorn			MGMT	YES	FOR	FOR
1.04	Elect Dominic Ng			MGMT	YES	FOR	FOR
1.05	Elect Howard G. Phanstiel			MGMT	YES	FOR	FOR
1.06	Elect Warren E. Pinckert II			MGMT	YES	FOR	FOR
1.07	Elect David A. Reed			MGMT	YES	FOR	FOR
1.08	Elect Charles R. Rinehart			MGMT	YES	FOR	FOR
1.09	Elect Linda Rosenstock			MGMT	YES	FOR	FOR
1.10	Elect Lloyd E. Ross			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Pfizer Inc		PFE	717081103	4/28/05	Annual
1.01	Elect Michael S. Brown			MGMT	YES	FOR	FOR
1.02	Elect M. Anthony Burns			MGMT	YES	FOR	FOR
1.03	Elect Robert N. Burt			MGMT	YES	FOR	FOR
1.04	Elect W. Don Cornwell			MGMT	YES	FOR	FOR
1.05	Elect William H. Gray III			MGMT	YES	FOR	FOR
1.06	Elect Constance J. Horner			MGMT	YES	FOR	FOR
1.07	Elect William R. Howell			MGMT	YES	FOR	FOR
1.08	Elect Stanley O. Ikenberry			MGMT	YES	FOR	FOR
1.09	Elect George A. Lorch			MGMT	YES	FOR	FOR
1.10	Elect Henry A. McKinnell Jr.			MGMT	YES	FOR	FOR
1.11	Elect Dana G. Mead			MGMT	YES	FOR	FOR
1.12	Elect Ruth J. Simmons			MGMT	YES	FOR	FOR
1.13	Elect William C. Steere Jr.			MGMT	YES	FOR	FOR
1.14	Elect Jean-Paul Valles			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Director tenure/retirement age			SHLDR	YES	AGNST	FOR
4.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
5.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
6.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
7.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
8.00	Independent board chairman			SHLDR	YES	AGNST	FOR
PPG Industries Inc		PPG	693506107	4/21/05	Annual
1.01	Elect Michele J. Hooper			MGMT	YES	FOR	FOR
1.02	Elect Raymond W. LeBoeuf			MGMT	YES	FOR	FOR
1.03	Elect Robert Mehrabian			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Providian Financial Corp		PVN	74406A102	5/5/05	Annual
1.01	Elect James P. Holdcroft Jr.			MGMT	YES	FOR	FOR
1.02	Elect Ruth M. Owades			MGMT	YES	FOR	FOR
1.03	Elect Jane A. Truelove			MGMT	YES	FOR	FOR
2.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Putnam Prime Money Market Fund			746763432	11/11/04	Special
1.01	Elect Trustee J.A. Baxter			MGMT	YES	FOR	FOR
1.02	Elect Trustee E.T. Kennan			MGMT	YES	FOR	FOR
1.03	Elect Trustee C.B. Curtis			MGMT	YES	FOR	FOR
1.04	Elect Trustee J.H. Mullin, III			MGMT	YES	FOR	FOR
1.05	Elect Trustee M.R. Drucker			MGMT	YES	FOR	FOR
1.06	Elect Trustee R.E. Patterson			MGMT	YES	FOR	FOR
1.07	Elect Trustee C.E. Haldeman, Jr.			MGMT	YES	FOR	FOR
1.08	Elect Trustee G. Putnam, III			MGMT	YES	FOR	FOR
1.09	Elect Trustee J.A. Hill			MGMT	YES	FOR	FOR
1.10	Elect Trustee A.J.C. Smith			MGMT	YES	FOR	FOR
1.11	Elect Trustee R. J. Jackson			MGMT	YES	FOR	FOR
1.12	Elect Trustee W.T. Stephens			MGMT	YES	FOR	FOR
1.13	Elect Trustee P.L. Joskow			MGMT	YES	FOR	FOR
1.14	Elect Trustee R.B. Worley			MGMT	YES	FOR	FOR
2.00	Amend fund's fundamental investment restriction with respect to borrowing			MGMT	N/A	N/A	N/A
2.01	Amend fund's fundamental investment restriction with respect to making loans			MGMT	N/A	N/A	N/A
2.02	Amend fund's fundamental investment restriction with respect to diversification of investments			MGMT	YES	FOR	FOR
2.03	Amend fund's fundamental investment restriction with respect to issuance of senior securities			MGMT	N/A	N/A	N/A
2.04	Amend fund's fundamental investment restriction with respect to purchasing or selling options, puts, calls, straddles and spreads			MGMT	N/A	N/A	N/A
2.05	Amend fund's fundamental investment restriction with respect to investments in commodities			MGMT	N/A	N/A	N/A
3.00	Amend fund's Agreement and Declaration of Trust			MGMT	YES	FOR	FOR
Royal Caribbean Cruises Ltd		RCL	V7780T103	5/17/05	Annual
1.01	Elect Laura Laviada			MGMT	YES	AGNST	AGNST
1.02	Elect Eyal Ofer			MGMT	YES	AGNST	AGNST
1.03	Elect William K. Reilly			MGMT	YES	AGNST	AGNST
1.04	Elect Arne Alexander Wilhelmsen			MGMT	YES	AGNST	AGNST
2.00	Appoint outside auditors			MGMT	YES	FOR	FOR
Sabre Holdings Corp		TSG	785905100	5/17/05	Annual
1.01	Elect Michael S. Gilliland			MGMT	YES	FOR	FOR
1.02	Elect Bob L. Martin			MGMT	YES	FOR	FOR
1.03	Elect Richard L. Thomas			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			MGMT	YES	FOR	FOR
4.00	Approve non-technical charter amendments			MGMT	YES	ABSTAIN	AGNST
5.00	Amend Stock Incentive Plan			MGMT	YES	AGNST	AGNST
SanDisk Corp		SNDK	80004C101	5/27/05	Annual
1.01	Elect Dr.Eli Harari			MGMT	YES	FOR	FOR
1.02	Elect Irwin Federman			MGMT	YES	FOR	FOR
1.03	Elect Catherine P. Lego			MGMT	YES	FOR	FOR
1.04	Elect Michael E. Marks			MGMT	YES	FOR	FOR
1.05	Elect Dr.James D. Meindl			MGMT	YES	FOR	FOR
1.06	Elect Alan F. Shugart			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Adopt the 2005 Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Southwest Airlines		LUV	844741108	5/18/05	Annual
1.01	Elect Colleen C. Barrett			MGMT	YES	FOR	FOR
1.02	Elect Gary C. Kelly			MGMT	YES	FOR	FOR
1.03	Elect John T. Montford			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
St. Paul Travelers Companies		STA	792860108	5/3/05	Annual
1.01	Elect John H. Dasburg			MGMT	YES	FOR	FOR
1.02	Elect Leslie B. Disharoon			MGMT	YES	FOR	FOR
1.03	Elect Janet M. Dolan			MGMT	YES	FOR	FOR
1.04	Elect Kenneth M. Duberstein			MGMT	YES	FOR	FOR
1.05	Elect Jay S. Fishman			MGMT	YES	FOR	FOR
1.06	Elect Lawrence G. Graev			MGMT	YES	FOR	FOR
1.07	Elect Thomas R. Hodgson			MGMT	YES	FOR	FOR
1.08	Elect Robert I. Lipp			MGMT	YES	FOR	FOR
1.09	Elect Blythe J. McGarvie			MGMT	YES	WHOLD	AGNST
1.10	Elect Glen D. Nelson			MGMT	YES	FOR	FOR
1.11	Elect Clarence Otis Jr.			MGMT	YES	FOR	FOR
1.12	Elect Charles W. Scharf			MGMT	YES	FOR	FOR
1.13	Elect Laurie J. Thomsen			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Staples Inc		SPLS	855030102	6/13/05	Annual
1.01	Elect Brenda C. Barnes			MGMT	YES	FOR	FOR
	Elect Brenda C. Barnes
1.02	Elect Mary Elizabeth Burton			MGMT	YES	FOR	FOR
	Elect Mary Elizabeth Burton
1.03	Elect Richard J. Currie			MGMT	YES	FOR	FOR
	Elect Richard J. Currie
1.04	Elect Rowland T. Moriarty			MGMT	YES	FOR	FOR
	Elect Rowland T. Moriarty
2.00	Add shares to the 2004 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
	Add shares to the 2004 Stock Incentive Plan
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
	Ratify selection of auditors
4.00	Redeem or vote on poison pill			SHLDR	YES	FOR	AGNST
	SP-Redeem or vote on poison pill
SuperValu Inc		SVU	868536103	6/15/05	Annual
1.01	Elect Edwin C. Gage			MGMT	YES	FOR	FOR
1.02	Elect Garnett L. Keith Jr.			MGMT	YES	FOR	FOR
1.03	Elect Marissa Peterson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add shares to the 2002 Stock Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
Symantec Corp		SYMC	871503108	6/24/05	Special
1.00	Approve merger/acquisition			MGMT	YES	FOR	FOR
2.00	Increase authorized common stock			MGMT	YES	FOR	FOR
3.00	Adjourn meeting			MGMT	YES	FOR	FOR
Tyco International Ltd		TYC	902124106	3/10/05	Annual
1.01	Elect Dennis C. Blair			MGMT	YES	WHOLD	AGNST
1.02	Elect Edward D. Breen			MGMT	YES	WHOLD	AGNST
1.03	Elect George W. Buckley			MGMT	YES	WHOLD	AGNST
1.04	Elect Brian Duperreault			MGMT	YES	WHOLD	AGNST
1.05	Elect Bruce S. Gordon			MGMT	YES	WHOLD	AGNST
1.06	Elect Rajiv L. Gupta			MGMT	YES	WHOLD	AGNST
1.07	Elect John A. Krol			MGMT	YES	WHOLD	AGNST
1.08	Elect Mackey J. McDonald			MGMT	YES	WHOLD	AGNST
1.09	Elect H. Carl McCall			MGMT	YES	WHOLD	AGNST
1.10	Elect Brendan R. O'Neill			MGMT	YES	WHOLD	AGNST
1.11	Elect Sandra S. Wijnberg			MGMT	YES	WHOLD	AGNST
1.12	Elect Jerome B. York			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	AGNST	AGNST
U S Bancorp		USB	902973304	4/19/05	Annual
1.01	Elect Joel W. Johnson			MGMT	YES	FOR	FOR
1.02	Elect David B. O'Maley			MGMT	YES	FOR	FOR
1.03	Elect O'Dell M. Owens			MGMT	YES	FOR	FOR
1.04	Elect Craig D. Schnuck			MGMT	YES	WHOLD	AGNST
1.05	Elect Warren R. Staley			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Elim. supermajority requirement for business trans			MGMT	YES	FOR	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Limit non-audit fees			SHLDR	YES	AGNST	FOR
UnitedHealth Group Inc		UNH	91324P102	5/3/05	Annual
1.01	Elect Thomas H. Kean			MGMT	YES	WHOLD	AGNST
1.02	Elect Robert L. Ryan			MGMT	YES	FOR	FOR
1.03	Elect William G. Spears			MGMT	YES	FOR	FOR
1.04	Elect Gail R. Wilensky			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
4.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR
Vulcan Materials Co		VMC	929160109	5/13/05	Annual
1.01	Elect Livio D. DeSimone			MGMT	YES	FOR	FOR
1.02	Elect Philip J. Carroll Jr.			MGMT	YES	FOR	FOR
1.03	Elect Donald M. James			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Whirlpool Corp		WHR	963320106	4/19/05	Annual
1.01	Elect Herman Cain			MGMT	YES	FOR	FOR
1.02	Elect Jeff M. Fettig			MGMT	YES	FOR	FOR
1.03	Elect Miles L. Marsh			MGMT	YES	FOR	FOR
1.04	Elect Paul G. Stern			MGMT	YES	FOR	FOR
1.05	Elect Michael D. White			MGMT	YES	FOR	FOR
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR
Xerox Corp		XRX	984121103	5/19/05	Annual
1.01	Elect Glenn A. Britt			MGMT	YES	FOR	FOR
1.02	Elect Richard J. Harrington			MGMT	YES	FOR	FOR
1.03	Elect William Curt Hunter			MGMT	YES	FOR	FOR
1.04	Elect Vernon E. Jordan Jr.			MGMT	YES	WHOLD	AGNST
1.05	Elect Hilmar Kopper			MGMT	YES	FOR	FOR
1.06	Elect Ralph S. Larsen			MGMT	YES	FOR	FOR
1.07	Elect Robert A. McDonald			MGMT	YES	FOR	FOR
1.08	Elect Anne M. Mulcahy			MGMT	YES	FOR	FOR
1.09	Elect N. J. Nicholas Jr.			MGMT	YES	FOR	FOR
1.10	Elect Ann N. Reese			MGMT	YES	FOR	FOR
1.11	Elect Stephen Robert			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
Yahoo Inc		YHOO	984332106	5/19/05	Annual
1.01	Elect Terry S. Semel			MGMT	YES	FOR	FOR
1.02	Elect Jerry Yang			MGMT	YES	FOR	FOR
1.03	Elect Roy J. Bostock			MGMT	YES	FOR	FOR
1.04	Elect Ronald W. Burkle			MGMT	YES	FOR	FOR
1.05	Elect Eric Hippeau			MGMT	YES	FOR	FOR
1.06	Elect Arthur H. Kern			MGMT	YES	FOR	FOR
1.07	Elect Robert A. Kotick			MGMT	YES	FOR	FOR
1.08	Elect Edward R. Kozel			MGMT	YES	FOR	FOR
1.09	Elect Gary L. Wilson			MGMT	YES	FOR	FOR
2.00	Add shares to the 1995 Stock Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Amend Director Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to be have been voted against management's recommendation, regardless of whether the recommendation is 'For' or 'Against,' except where management has made no recommendation or has recommended that shareholders 'Abstain.'

Where management has recommended that shareholders 'Abstain' from voting on a ballot item: 1) a ballot market 'Abstain' is considered to have been voted for management's recommendation to 'Abstain' and 2) a ballot voted 'For" or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, the abbreviation "N/A" is used to denote that there is no applicable recommendation compared to which a vote may be 'For' or 'Against' the recommendation of management.




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.

Putnam Tax Smart Funds Trust
-------------------------------------------------------------------------
       (Registrant)


By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
   and Principal Executive Officer
   _______________________________________________________________________
       (Signature & Title)


Date July 28, 2005