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 811-9789

WADDELL & REED ADVISORS TAX-MANAGED EQUITY FUND, INC.
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(Exact Name as Specified in Charter)

6300 Lamar Avenue, Overland Park, Kansas 66202-4200
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(Address of Principal Executive Office) (Zip Code)

Kristen A. Richards, 6300 Lamar Avenue, Overland Park, Kansas 66202-4200
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(Name and Address of Agent for Service)

Registrant's Telephone Number, including Area Code (913) 236-2000

Date of fiscal year end: June 30

Date of reporting period: July 1, 2006 to June 30, 2007



Vote Summary Report
Apr 01, 2007 - Jun 30, 2007

71 W&R Advisors Tax-Managed Equity

Mtg	Company/				Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues			Security	Rec	Cast	Date	Prpnent	Voted

04/27/07 - A	Abbott Laboratories ABT			002824100			02/28/07	34,000
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director R.S. Austin --- For
			2.6a
	1.2	Elect Director W.M. Daley --- For
			2.6a
	1.3	Elect Director W.J. Farrell --- For
			2.6a
	1.4	Elect Director H.L. Fuller --- For
			2.6a
	1.5	Elect Director R.A. Gonzalez --- For
			2.6a
	1.6	Elect Director D.A.L. Owen --- For
			2.6a
	1.7	Elect Director B. Powell Jr. --- For
			2.6a
	1.8	Elect Director W.A. Reynolds --- For
			2.6a
	1.9	Elect Director R.S. Roberts --- For
			2.6a
	1.10	Elect Director S.C. Scott III --- For
			2.6a
	1.11	Elect Director W.D. Smithburg --- For
			2.6a
	1.12	Elect Director G.F. Tilton --- For
			2.6a
	1.13	Elect Director M.D. White --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b
	4	Separate Chairman and CEO Positions			Against	For		ShrHoldr
			2.12 Not in compliance


04/05/07 - A	* Adobe Systems Inc. ADBE			00724F101			02/12/07	64,900
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Robert K. Burgess --- For
			2.6a
	1.2	Elect Director Carol Mills --- For
			2.6a
	1.3	Elect Director Colleen M. Pouliot --- For
			2.6a
	1.4	Elect Director Robert Sedgewick --- For
			2.6a
	1.5	Elect Director John E. Warnock --- For
			2.6a
	2	Amend Stock Option Plan			For	For		Mgmt
			4.1
	3	Stock Retention/Holding Period			Against	Against		ShrHoldr
			2.11
	4	Ratify Auditors			For	For		Mgmt
			3.1a


05/07/07 - A	AFLAC Incorporated AFL			001055102			02/28/07	33,300
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Daniel P. Amos --- For
			Item 2.6a
	1.2	Elect Director John Shelby Amos, II --- For
			Item 2.6a
	1.3	Elect Director Paul S. Amos, II --- For
			Item 2.6a
	1.4	Elect Director Yoshiro Aoki --- For
			Item 2.6a
	1.5	Elect Director Michael H. Armacost --- For
			Item 2.6a
	1.6	Elect Director Kriss Cloninger, III --- For
			Item 2.6a
	1.7	Elect Director Joe Frank Harris --- For
			Item 2.6a
	1.8	Elect Director Elizabeth J. Hudson --- For
			Item 2.6a
	1.9	Elect Director Kenneth S. Janke, Sr. --- For
			Item 2.6a
	1.10	Elect Director Douglas W. Johnson --- For
			Item 2.6a
	1.11	Elect Director Robert B. Johnson --- For
			Item 2.6a
	1.12	Elect Director Charles B. Knapp --- For
			Item 2.6a
	1.13	Elect Director E. Stephen Purdom, M.D. --- For
			Item 2.6a
	1.14	Elect Director Barbara K. Rimer, Ph.D. --- For
			Item 2.6a
	1.15	Elect Director Marvin R. Schuster --- For
			Item 2.6a
	1.16	Elect Director David Gary Thompson --- For
			Item 2.6a
	1.17	Elect Director Robert L. Wright --- For
			Item 2.6a
	2	Ratify Auditors			For	For		Mgmt
			Item 3.1a


05/09/07 - A	Amgen, Inc. AMGN			031162100			03/12/07	15,500
	1	Elect Director Frank J. Biondi, Jr.			For	For		Mgmt
			2.6a
	2	Elect Director Jerry D. Choate			For	For		Mgmt
			2.6a
	3	Elect Director Frank C. Herringer			For	For		Mgmt
			2.6a
	4	Elect Director Gilbert S. Omenn			For	For		Mgmt
			2.6a
	5	Ratify Auditors			For	For		Mgmt
			3.1a
	6	Declassify the Board of Directors			For	For		Mgmt
			2.4b
	7	Declassify the Board of Directors			For	For		Mgmt
			2.4b
	8	Develop an Animal Welfare Policy			Against	Against		ShrHoldr
			6.4
	9	Prepare a Sustainability Report			Against	Against		ShrHoldr
			5.4


05/10/07 - A	Apple, Inc. AAPL			037833100			03/20/07	25,000
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director William V. Campbell --- For
			2.6a
	1.2	Elect Director Millard S. Drexler --- For
			2.6a
	1.3	Elect Director Albert A. Gore, Jr. --- For
			2.6a
	1.4	Elect Director Steven P. Jobs --- For
			2.6a
	1.5	Elect Director Arthur D. Levinson, Ph.D. --- For
			2.6a
	1.6	Elect Director Eric E. Schmidt, Ph.D. --- For
			2.6a
	1.7	Elect Director Jerome B. York --- For
			2.6a
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			4.3b
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3b
	4	Amend Non-Employee Director Stock Option Plan			For	For		Mgmt
			2.8a
	5	Ratify Auditors			For	For		Mgmt
			3.1a
	6	Compensation Specific--Option Dating Policy			Against	Against		ShrHoldr
			99 Per Mike Avery and Gus Zinn
	7	Pay For Superior Performance			Against	Against		ShrHoldr
			4.1
	8	Report on Feasibility of Adopting a Toxic Chemical Elimination Policy			Against	Against		ShrHoldr
			6.2
	9	Stock Retention/Holding Period			Against	Against		ShrHoldr
			4.4
	10	Report on Computer Recycling Policy			Against	Against		ShrHoldr
			5.4
	11	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b


05/02/07 - A	Broadcom Corp. BRCM			111320107			03/06/07	42,500
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director George L. Farinsky --- For
			2.6a
	1.2	Elect Director Maureen E. Grzelakowski --- For
			2.6a
	1.3	Elect Director Nancy H. Handel --- For
			2.6a
	1.4	Elect Director John Major --- For
			2.6a
	1.5	Elect Director Scott A. McGregor --- For
			2.6a
	1.6	Elect Director Alan E. Ross --- For
			2.6a
	1.7	Elect Director Henry Samueli, Ph.D. --- For
			2.6a
	1.8	Elect Director Robert E. Switz --- For
			2.6a
	1.9	Elect Director Werner F. Wolfen --- For
			2.6b
	2	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3b
	3	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			4.1
	4	Amend Omnibus Stock Plan			For	Against		Mgmt
			4.1 Total # of shares available for grant is greater than 10% of outstanding shares
	5	Ratify Auditors			For	For		Mgmt
			3.1a
	6	Compensation Specific-Adopt Policy Concerning Backdating Controversy			Against	Against		ShrHoldr
			99 Per Kim Scott


04/04/07 - S	*** Chicago Mercantile Exchange Holdings, Inc. CME**			167760107			02/09/07	4,600
	1	Approve Merger Agreement			For	For		Mgmt
			3.5 per MLA
	2	Adjourn Meeting			For	For		Mgmt
			7.4


04/25/07 - A	Chicago Mercantile Exchange Holdings, Inc. CME			167760107			03/01/07	4,600
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Craig S. Donohue --- For
			2.6a
	1.2	Elect Director Terrence A. Duffy --- For
			2.6a
	1.3	Elect Director Daniel R. Glickman --- For
			2.6a
	1.4	Elect Director William P. Miller, II --- For
			2.6a
	1.5	Elect Director James E. Oliff --- For
			2.6a
	1.6	Elect Director John F. Sandner --- For
			2.6a
	1.7	Elect Director Terry L. Savage --- For
			2.6a
	2	Amend Omnibus Stock Plan			For	For		Mgmt
			4.1
	3	Amend Executive Incentive Bonus Plan			For	For		Mgmt
			4.1
	4	Ratify Auditors			For	For		Mgmt
			3.1a


05/03/07 - A	Colgate-Palmolive Co.			194162103			03/07/07	26,400
	1	Elect Director John T. Cahill			For	For		Mgmt
			2.6a
	2	Elect Director Jill K. Conway			For	For		Mgmt
			2.6a
	3	Elect Director Ellen M. Hancock			For	For		Mgmt
			2.6a
	4	Elect Director David W. Johnson			For	For		Mgmt
			2.6a
	5	Elect Director Richard J. Kogan			For	For		Mgmt
			2.6a
	6	Elect Director Delano E. Lewis			For	For		Mgmt
			2.6a
	7	Elect Director Reuben Mark			For	For		Mgmt
			2.6a
	8	Elect Director J. Pedro Reinhard			For	For		Mgmt
			2.6a
	9	Ratify Auditors			For	For		Mgmt
			3.1a
	10	Amend Articles/Bylaws/Charter -- Call Special Meetings			Against	For		ShrHoldr
			3.2b
	11	Pay for Superior Performance			Against	Against		ShrHoldr
			5.1b


05/29/07 - A	DaVita Inc. DVA			23918K108			04/13/07	26,400
	1	Elect Director Charles G. Berg			For	For		Mgmt
			2.6a
	2	Elect Director Willard W. Brittain, Jr.			For	For		Mgmt
			2.6a
	3	Elect Director Nancy-Ann DeParle			For	For		Mgmt
			2.6a
	4	Elect Director Peter T. Grauer			For	For		Mgmt
			2.6a
	5	Elect Director John M. Nehra			For	For		Mgmt
			2.6a
	6	Elect Director William L. Roper, M.D.			For	For		Mgmt
			2.6a
	7	Elect Director Kent J. Thiry			For	For		Mgmt
			2.6a
	8	Elect Director Roger J. Valine			For	For		Mgmt
			2.6a
	9	Elect Director Richard C. Vaughan			For	For		Mgmt
			2.6a
	10	Increase Authorized Common Stock			For	For		Mgmt
			3.6
	11	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3b
	12	Amend Omnibus Stock Plan			For	For		Mgmt
			4.1
	13	Ratify Auditors			For	For		Mgmt
			3.1a


05/15/07 - A	Dentsply International, Inc. XRAY			249030107			03/27/07	40,600
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Paula H. Cholmondeley --- For
			2.6a
	1.2	Elect Director Michael J. Coleman --- For
			2.6a
	1.3	Elect Director John C. Miles II --- For
			2.6a
	1.4	Elect Director W. Keith Smith --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			4.1


05/02/07 - A	Expeditors International of Washington, Inc. EXPD			302130109			03/09/07	25,400
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Peter J. Rose --- For
			2.6a
	1.2	Elect Director James L.K. Wang --- For
			2.6a
	1.3	Elect Director R. Jordan Gates --- For
			2.6a
	1.4	Elect Director James J. Casey --- For
			2.6a
	1.5	Elect Director Dan P. Kourkoumelis --- For
			2.6a
	1.6	Elect Director Michael J. Malone --- For
			2.6a
	1.7	Elect Director John W. Meisenbach --- For
			2.6a
	2	Approve Stock Option Plan			For	For		Mgmt
			4.1
	3	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3
	4	Ratify Auditors			For	For		Mgmt
			3.1a
	5	Amend EEO Policy to Reference Discrimination based on Sexual Orientation			Against	Against		ShrHoldr
			6.1


04/20/07 - A	Genentech, Inc. DNA			368710406			02/20/07	29,100
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Herbert W. Boyer, Ph.D. --- For
			Item 2.6a
	1.2	Elect Director William M. Burns --- For
			Item 2.6a
	1.3	Elect Director Erich Hunziker, Ph.D. --- For
			Item 2.6a
	1.4	Elect Director Jonathan K.C. Knowles, Ph.D. --- For
			Item 2.6a
	1.5	Elect Director Arthur D. Levinson, Ph.D. --- For
			Item 2.6a
	1.6	Elect Director Debra L. Reed --- For
			Item 2.6a
	1.7	Elect Director Charles A. Sanders, M.D. --- For
			Item 2.6a
	2	Ratify Auditors			For	For		Mgmt
			Item 3.1a


05/02/07 - A	General Dynamics Corp. GD			369550108			03/09/07	25,400
	1	Elect Director Nicholas D. Chabraja			For	For		Mgmt
			2.6a
	2	Elect Director James S. Crown			For	For		Mgmt
			2.6a
	3	Elect Director William P. Fricks			For	For		Mgmt
			2.6a
	4	Elect Director Charles H. Goodman			For	For		Mgmt
			2.6a
	5	Elect Director Jay L. Johnson			For	For		Mgmt
			2.6a
	6	Elect Director George A. Joulwan			For	For		Mgmt
			2.6a
	7	Elect Director Paul G. Kaminski			For	For		Mgmt
			2.6a
	8	Elect Director John M. Keane			For	For		Mgmt
			2.6a
	9	Elect Director Deborah J. Lucas			For	For		Mgmt
			2.6a
	10	Elect Director Lester L. Lyles			For	For		Mgmt
			2.6a
	11	Elect Director Carl E. Mundy, Jr.			For	For		Mgmt
			2.6a
	12	Elect Director Robert Walmsley			For	For		Mgmt
			2.6a
	13	Ratify Auditors			For	For		Mgmt
			3.1a
	14	Pay For Superior Performance			Against	Against		ShrHoldr
			5.1c
	15	Performance-Based and/or Equity Based Awards			Against	Against		ShrHoldr
			4.1


04/25/07 - A	General Electric Co. GE			369604103			02/26/07	47,000
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director James I. Cash, Jr. --- For
			2.6a
	1.2	Elect Director William M. Castell --- For
			2.6a
	1.3	Elect Director Ann M. Fudge --- For
			2.6a
	1.4	Elect Director Claudio X. Gonzalez --- For
			2.6a
	1.5	Elect Director Susan Hockfield --- For
			2.6a
	1.6	Elect Director Jerry R. Immelt --- For
			2.6a
	1.7	Elect Director Andrea Jung --- For
			2.6a
	1.8	Elect Director Alan G. Lafley --- For
			2.6a
	1.9	Elect Director Robert W. Lane --- For
			2.6a
	1.10	Elect Director Ralph S. Larsen --- For
			2.6a
	1.11	Elect Director Rochelle B. Lazarus --- For
			2.6a
	1.12	Elect Director Sam Nunn --- For
			2.6a
	1.13	Elect Director Roger S. Penske --- For
			2.6a
	1.14	Elect Director Robert J. Swieringa --- For
			2.6a
	1.15	Elect Director Douglas A. Warner III --- For
			2.6a
	1.16	Elect Director Robert C. Wright --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Adopt Majority Vote Standard in Director Elections			For	For		Mgmt
			2.5 NOT Against Policy
	4	Approve Omnibus Stock Plan			For	For		Mgmt
			4.1
	5	Company-Specific-Approve Material Terms of Senior Officer Performance Goals			For	For		Mgmt
			4.1
	6	Provide for Cumulative Voting			Against	Against		ShrHoldr
			2.5
	7	Company-Specific -- Adopt Policy on Overboarded Directors			Against	Against		ShrHoldr
			99
	8	Company-Specific -- One Director f rom the Ranks of Retirees			Against	Against		ShrHoldr
			99
	9	Separate Chairman and CEO Positions			Against	For		ShrHoldr
			2.12
	10	Limit Dividend and Dividend Equivalent Payments to Executives			Against	Against		ShrHoldr
			5.1c
	11	Report on Charitable Contributions			Against	Against		ShrHoldr
			7.3
	12	Report on Global Warming			Against	Against		ShrHoldr
			6.2
	13	Adopt Ethical Criteria for Military Contracts			Against	Against		ShrHoldr
			6.3
	14	Report on Pay Disparity			Against	Against		ShrHoldr
			5.1c


05/09/07 - A	Gilead Sciences, Inc. GILD			375558103			03/22/07	24,700
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Paul Berg --- For
			2.6a
	1.2	Elect Director John F. Cogan --- For
			2.6a
	1.3	Elect Director Etienne F. Davignon --- For
			2.6a
	1.4	Elect Director James M. Denny --- For
			2.6a
	1.5	Elect Director Carla A. Hills --- For
			2.6a
	1.6	Elect Director John W. Madigan --- For
			2.6a
	1.7	Elect Director John C. Martin --- For
			2.6a
	1.8	Elect Director Gordon E. Moore --- For
			2.6a
	1.9	Elect Director Nicholas Moore --- For
			2.6a
	1.10	Elect Director Gayle E. Wilson --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Amend Omnibus Stock Plan			For	For		Mgmt
			4.1
	4	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3b


05/10/07 - A	Google Inc GOOG			38259P508			03/22/07	4,600
	1	Elect Directors			For	For		Mgmt
	2	Ratify Auditors			For	For		Mgmt
	3	Amend Omnibus Stock Plan			For	Against		Mgmt
	4	Approve Executive Incentive Bonus Plan			For	For		Mgmt
	5	Adopt Policies to Protect Freedom of Access to the Internet			Against	Against		ShrHoldr


05/04/07 - A	Illinois Tool Works Inc. ITW			452308109			03/06/07	15,100
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director William F. Aldinger --- For
			Item 2.6a
	1.2	Elect Director Michael J. Birck --- For
			Item 2.6a
	1.3	Elect Director Marvin D. Brailsford --- For
			Item 2.6a
	1.4	Elect Director Susan Crown --- For
			Item 2.6a
	1.5	Elect Director Don H. Davis, Jr. --- For
			Item 2.6a
	1.6	Elect Director Robert C. McCormack --- For
			Item 2.6a
	1.7	Elect Director Robert S. Morrison --- For
			Item 2.6a
	1.8	Elect Director James A. Skinner --- For
			Item 2.6a
	1.9	Elect Director Harold B. Smith --- For
			Item 2.6a
	1.10	Elect Director David B. Speer --- For
			Item 2.6a
	2	Ratify Auditors			For	For		Mgmt
			Item 3.1a


05/17/07 - A	Juniper Networks, Inc. JNPR			48203R104			03/21/07	69,200
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Robert M. Calderoni --- For
			Item 2.6a
	1.2	Elect Director Pradeep Sindhu --- For
			Item 2.6a
	2	Ratify Auditors			For	For		Mgmt
			Item 3.1a


06/07/07 - A	LAS VEGAS SANDS CORP LVS			517834107			04/20/07	12,700
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Sheldon G. Adelson --- For
			Item 2.6a
	1.2	Elect Director Irwin Chafetz --- For
			Item 2.6a
	1.3	Elect Director James L. Purcell --- For
			Item 2.6a
	2	Ratify Auditors			For	For		Mgmt
			Item 3.1a


04/26/07 - A	Lockheed Martin Corp. LMT			539830109			03/01/07	17,500
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director E. C. Aldridge, Jr. --- For
			2.6a
	1.2	Elect Director Nolan D. Archibald --- For
			2.6a
	1.3	Elect Director Marcus C. Bennett --- For
			2.6a
	1.4	Elect Director James O. Ellis, Jr. --- For
			2.6a
	1.5	Elect Director Gwendolyn S. King --- For
			2.6a
	1.6	Elect Director James M. Loy --- For
			2.6a
	1.7	Elect Director Douglas H. McCorkindale --- For
			2.6a
	1.8	Elect Director Eugene F. Murphy --- For
			2.6a
	1.9	Elect Director Joseph W. Ralston --- For
			2.6a
	1.10	Elect Director Frank Savage --- For
			2.6a
	1.11	Elect Director James M. Schneider --- For
			2.6a
	1.12	Elect Director Anne Stevens --- For
			2.6a
	1.13	Elect Director Robert J. Stevens --- For
			2.6a
	1.14	Elect Director James R. Ukropina --- For
			2.6a
	1.15	Elect Director Douglas C. Yearley --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Increase Disclosure of Executive Compensation			Against	Against		ShrHoldr
			5.1b
	4	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b
	5	Report on Nuclear Weapons			Against	Against		ShrHoldr
			6.3


05/02/07 - A	PepsiCo, Inc. PEP			713448108			03/09/07	19,200
	1	Elect Director Dina Dublon			For	For		Mgmt
			2.6a
	2	Elect Director Victor J. Dzau, M.D.			For	For		Mgmt
			2.6a
	3	Elect Director Ray L. Hunt			For	For		Mgmt
			2.6a
	4	Elect Director Alberto Ibarguen			For	For		Mgmt
			2.6a
	5	Elect Director Arthur C. Martinez			For	For		Mgmt
			2.6a
	6	Elect Director Indra K. Nooyi			For	For		Mgmt
			2.6a
	7	Elect Director Sharon Percy Rockefeller			For	For		Mgmt
			2.6a
	8	Elect Director James J. Schiro			For	For		Mgmt
			2.6a
	9	Elect Director Daniel Vasella			For	For		Mgmt
			2.6a
	10	Elect Director Michael D. White			For	For		Mgmt
			2.6a
	11	Ratify Auditors			For	For		Mgmt
			3.1a
	12	Approve Omnibus Stock Plan			For	For		Mgmt
			4.1
	13	Report on Charitable Contributions			Against	Against		ShrHoldr
			7.3


05/02/07 - A	Raytheon Co. RTN			755111507			03/08/07	14,700
	1	Elect Director Barbara M. Barrett			For	For		Mgmt
	2	Elect Director Vernon E. Clark			For	For		Mgmt
	3	Elect Director John M. Deutch			For	For		Mgmt
	4	Elect Director Frederic M. Poses			For	For		Mgmt
	5	Elect Director Michael C. Ruettgers			For	For		Mgmt
	6	Elect Director Ronald L. Skates			For	For		Mgmt
	7	Elect Director William R. Spivey			For	For		Mgmt
	8	Elect Director Linda G. Stuntz			For	For		Mgmt
	9	Elect Director William H. Swanson			For	For		Mgmt
	10	Ratify Auditors			For	For		Mgmt
	11	Separate Chairman and CEO Positions			Against	For		ShrHoldr
	12	Restore or Provide for Cumulative Voting			Against	Against		ShrHoldr
	13	Submit Supplemental Executive Retirement Plans to Shareholder vote			Against	Against		ShrHoldr


05/18/07 - A	Schering-Plough Corp. SGP			806605101			03/28/07	33,000
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director Hans W. Becherer --- For
			2.6a
	1.2	Elect Director Thomas J. Colligan --- For
			2.6a
	1.3	Elect Director Fred Hassan --- For
			2.6a
	1.4	Elect Director C. Robert Kidder --- For
			2.6a
	1.5	Elect Director Philip Leder, M.D. --- For
			2.6a
	1.6	Elect Director Eugene R. McGrath --- For
			2.6a
	1.7	Elect Director Carl E. Mundy, Jr. --- For
			2.6a
	1.8	Elect Director Antonio M. Perez --- For
			2.6a
	1.9	Elect Director Patricia F. Russo --- For
			2.6a
	1.10	Elect Director Jack L. Stahl --- For
			2.6a
	1.11	Elect Director Kathryn C. Turner --- For
			2.6a
	1.12	Elect Director Robert F.W. van Oordt --- For
			2.6a
	1.13	Elect Director Arthur F. Weinbach --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Reduce Supermajority Vote Requirement			For	For		Mgmt
			3.4b
	4	Company Specific--Adopt Majority Voting			For	Against		Mgmt
			7.6b
	5	Performance-Based and/or Time-Based Equity Awards			Against	Against		ShrHoldr
			4.1


04/11/07 - A	Schlumberger Ltd. SLB			806857108			02/21/07	30,300
		Meeting for ADR Holders
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director P. Camus --- For
			Item 2.6a
	1.2	Elect Director J.S. Gorelick --- For
			Item 2.6a
	1.3	Elect Director A. Gould --- For
			Item 2.6a
	1.4	Elect Director T. Isaac --- For
			Item 2.6a
	1.5	Elect Director N. Kudryavtsev --- For
			Item 2.6a
	1.6	Elect Director A. Lajous --- For
			Item 2.6a
	1.7	Elect Director M.E. Marks --- For
			Item 2.6a
	1.8	Elect Director D. Primat --- For
			Item 2.6a
	1.9	Elect Director L.R. Reif --- For
			Item 2.6a
	1.10	Elect Director T.I. Sandvold --- For
			Item 2.6a
	1.11	Elect Director N. Seydoux --- For
			Item 2.6a
	1.12	Elect Director L.G. Stuntz --- For
			Item 2.6a
	1.13	Elect Director R. Talwar --- For
			Item 2.6a
	2	ADOPTION AND APPROVAL OF FINANCIALS AND DIVIDENDS.			For	For		Mgmt
			Item 3.24
	3	APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.			For	For		Mgmt
			Item 3.1a


04/25/07 - A	Stryker Corp. SYK			863667101			02/28/07	19,200
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director John W. Brown --- For
			2.6a
	1.2	Elect Director Howard E. Cox, Jr. --- For
			2.6a
	1.3	Elect Director Donald M. Engelman, Ph.D. --- For
			2.6a
	1.4	Elect Director Jerome H. Grossman, M.D. --- For
			2.6a
	1.5	Elect Director Louise L. Francesconi --- For
			2.6a
	1.6	Elect Director Stephen P. Macmillan --- For
			2.6a
	1.7	Elect Director William U. Parfet --- For
			2.6a
	1.8	Elect Director Ronda E. Stryker --- For
			2.6a
	2	Approve Executive Incentive Bonus Plan			For	For		Mgmt
			4.1
	3	Ratify Auditors			For	For		Mgmt
			3.1a
	4	Performance-Based and/or Time-Based Equity Awards			Against	Against		ShrHoldr
			4.1


04/30/07 - A	The Boeing Co. BA			097023105			03/01/07	21,700
	1	Elect Director John H. Biggs			For	For		Mgmt
			2.6a
	2	Elect Director John E. Bryson			For	For		Mgmt
			2.6a
	3	Elect Director Arthur D. Collins, Jr.			For	For		Mgmt
			2.6a
	4	Elect Director Linda Z. Cook			For	For		Mgmt
			2.6a
	5	Elect Director William M. Daley			For	For		Mgmt
			2.6a
	6	Elect Director Kenneth M. Duberstein			For	For		Mgmt
			2.6a
	7	Elect Director John F. McDonnell			For	For		Mgmt
			2.6a
	8	Elect Director W. James McNerney, Jr.			For	For		Mgmt
			2.6a
	9	Elect Director Richard D. Nanula			For	For		Mgmt
			2.6a
	10	Elect Director Rozanne L. Ridgway			For	For		Mgmt
			2.6a
	11	Elect Director Mike S. Zafirovski			For	For		Mgmt
			2.6a
	12	Ratify Auditors			For	For		Mgmt
			3.1a
	13	Report on Foreign Arms Sales			Against	Against		ShrHoldr
			6.3
	14	Adopt Human Rights Policy			Against	Against		ShrHoldr
			5.4
	15	Report on Charitable Contributions			Against	Against		ShrHoldr
			7.3
	16	Report on Political Contributions			Against	Against		ShrHoldr
			7.2b
	17	Separate Chairman and CEO Positions			Against	For		ShrHoldr
			2.12
	18	Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote			Against	For		ShrHoldr
			3.12b
	19	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b
	20	Performance-Based and/or Time-Based Equity Awards			Against	Against		ShrHoldr
			5.1c
	21	Claw-back of Payments under Restatements			Against	For		ShrHoldr
			4.5


04/11/07 - A	The Goldman Sachs Group, Inc.			38141G104			01/26/07	7,900
	1	Elect Director Lloyd C. Blankfein			For	For		Mgmt
			2.6a
	2	Elect Director Lord Browne of Madingley			For	For		Mgmt
			2.6a
	3	Elect Director John H. Bryan			For	For		Mgmt
			2.6a
	4	Elect Director Gary D. Cohn			For	For		Mgmt
			2.6a
	5	Elect Director Claes Dahlback			For	For		Mgmt
			2.6a
	6	Elect Director Stephen Friedman			For	For		Mgmt
			2.6a
	7	Elect Director William W. George			For	For		Mgmt
			2.6a
	8	Elect Director Rajat K. Gupta			For	For		Mgmt
			2.6a
	9	Elect Director James A. Johnson			For	For		Mgmt
			2.6a
	10	Elect Director Lois D. Juliber			For	For		Mgmt
			2.6a
	11	Elect Director Edward M. Liddy			For	For		Mgmt
			2.6a
	12	Elect Director Ruth J. Simmons			For	For		Mgmt
			2.6a
	13	Elect Director Jon Winkelried			For	For		Mgmt
			2.6a
	14	Ratify Auditors			For	For		Mgmt
			3.1a
	15	Report on Charitable Contributions			Against	Against		ShrHoldr
			7.3
	16	Sustainability Report			Against	Against		ShrHoldr
			5.4
	17	Prohibit Executive Stock-Based Awards			Against	Against		ShrHoldr
			5.1c


05/10/07 - A	Transocean Inc. RIG			G90078109			03/19/07	18,300
		Meeting for Holders of ADRs
	1	ELECTION OF DIRECTOR: ROBERT L. LONG			For	For		Mgmt
			Item 2.6a
	2	ELECTION OF DIRECTOR: MARTIN B. MCNAMARA			For	For		Mgmt
			Item 2.6a
	3	ELECTION OF DIRECTOR: ROBERT M. SPRAGUE			For	For		Mgmt
			Item 2.6a
	4	ELECTION OF DIRECTOR: J. MICHAEL TALBERT			For	For		Mgmt
			Item 2.6a
	5	APPROVAL OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2007.			For	For		Mgmt
			Item 3.1a


04/18/07 - A	UBS AG			H89231338			03/16/07	32,300
		Meeting for ADR Holders
	1	ANNUAL REPORT, GROUP AND PARENT COMPANY ACCOUNTS FOR FINANCIAL YEAR 2006, REPORTS OF THE GROUP AND STATUTORY AUDITORS			For	For		Mgmt
			Item 3.24
	2	APPROPRIATION OF RETAINED EARNINGS DIVIDEND FOR FINANCIAL YEAR 2006			For	For		Mgmt
			Item 3.18
	3	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE GROUP EXECUTIVE BOARD			For	For		Mgmt
			Item 3.25
	4	RE-ELECTION OF BOARD MEMBER: STEPHAN HAERINGER			For	For		Mgmt
			Item 2.6a
	5	RE-ELECTION OF BOARD MEMBER: HELMUT PANKE			For	For		Mgmt
			Item 2.6a
	6	RE-ELECTION OF BOARD MEMBER: PETER SPUHLER			For	For		Mgmt
			Item 2.6a
	7	ELECTION OF NEW BOARD MEMBER: SERGIO MARCHIONNE			For	For		Mgmt
			Item 2.6a
	8	ELECTION OF THE GROUP AND STATUTORY AUDITORS			For	For		Mgmt
			Item 3.1a
	9	CAPITAL REDUCTION: CANCELLATION OF SHARES REPURCHASED UNDER THE 2006/2007 SHARE BUYBACK PROGRAM AND RESPECTIVE AMENDMENT OF ARTICLE 4 PARA 1 OF THE ARTICLES OF ASSOCIATION			For	For		Mgmt
			Item 3.22a
	10	CAPITAL REDUCTION: APPROVAL OF A NEW SHARE BUYBACK PROGRAM FOR 2007-2010			For	For		Mgmt
			Item 1.3a
	11	IN CASE OF AD-HOC SHAREHOLDERS MOTIONS DURING THE ANNUAL GENERAL MEETING, I/WE AUTHORIZE MY/OUR PROXY TO ACT IN ACCORDANCE WITH THE BOARD OF DIRECTORS			For	Against		Mgmt
			Item 7.7a


05/29/07 - A	UnitedHealth Group Incorporated UNH			91324P102			04/09/07	24,500
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director William C. Ballard, Jr. --- For
			2.6a
	1.2	Elect Director Richard T. Burke --- For
			2.6a
	1.3	Elect Director Stephen J. Hemsley --- For
			2.6a
	1.4	Elect Director Robert J. Darretta --- For
			2.6a
	2	Company Specific--Majority Vote for the Election of Directors			For	For		Mgmt
			7.6a
	3	Declassify the Board of Directors			For	For		Mgmt
			2.4b
	4	Reduce Supermajority Vote Requirement for Removal of Directors			For	For		Mgmt
			3.4b
	5	Reduce Supermajority Vote Requirement			For	For		Mgmt
			3.4b
	6	Amend Articles-Make Stylistic, Clarifying and Conforming Changes			For	For		Mgmt
			3.23c
	7	Ratify Auditors			For	For		Mgmt
			3.1a
	8	Performance-Based and/or Time-Based Equity Awards			Against	Against		ShrHoldr
			4.1
	9	Establish SERP Policy			Against	Against		ShrHoldr
			5.1c
	10	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b
	11	Equal Access to the Proxy for Purpose of Electing a Director			Against	Against		ShrHoldr
			1.2


06/12/07 - A	Yahoo!, Inc. YHOO			984332106			04/16/07	51,500
	1	Elect Director Terry S. Semel			For	For		Mgmt
			2.6a
	2	Elect Director Jerry Yang			For	For		Mgmt
			2.6a
	3	Elect Director Roy J. Bostock			For	For		Mgmt
			2.6a
	4	Elect Director Ronald W. Burkle			For	For		Mgmt
			2.6a
	5	Elect Director Eric Hippeau			For	For		Mgmt
			2.6a
	6	Elect Director Vyomesh Joshi			For	For		Mgmt
			2.6a
	7	Elect Director Arthur H. Kern			For	For		Mgmt
			2.6a
	8	Elect Director Robert A. Kotick			For	For		Mgmt
			2.6a
	9	Elect Director Edward R. Kozel			For	For		Mgmt
			2.6a
	10	Elect Director Gary L. Wilson			For	For		Mgmt
			2.6a
	11	Amend Omnibus Stock Plan			For	For		Mgmt
			4.1
	12	Amend Qualified Employee Stock Purchase Plan			For	For		Mgmt
			4.3b
	13	Ratify Auditors			For	For		Mgmt
			3.1a
	14	Pay For Superior Performance			Against	Against		ShrHoldr
			4.1
	15	Adopt Policies to Protect Freedom of Access to the Internet			Against	Against		ShrHoldr
			5.4
	16	Amend Bylaws to Establish a Board Committee on Human Rights			Against	Against		ShrHoldr
			99


05/17/07 - A	Yum Brands, Inc. YUM			988498101			03/19/07	10,200
	1	Elect Directors			For	For		Mgmt
	1.1	Elect Director David W. Dorman --- For
			2.6a
	1.2	Elect Director Massimo Ferragamo --- For
			2.6a
	1.3	Elect Director J. David Grissom --- For
			2.6a
	1.4	Elect Director Bonnie G. Hill --- For
			2.6a
	1.5	Elect Director Robert Holland, Jr. --- For
			2.6a
	1.6	Elect Director Kenneth G. Langone --- For
			2.6a
	1.7	Elect Director Jonathan S. Linen --- For
			2.6a
	1.8	Elect Director Thomas C. Nelson --- For
			2.6a
	1.9	Elect Director David C. Novak --- For
			2.6a
	1.10	Elect Director Thomas M. Ryan --- For
			2.6a
	1.11	Elect Director Jackie Trujillo --- For
			2.6a
	2	Ratify Auditors			For	For		Mgmt
			3.1a
	3	Adopt MacBride Principles			Against	Against		ShrHoldr
			6.1
	4	Advisory Vote to Ratify Named Executive Officers' Compensation			Against	Against		ShrHoldr
			5.1b
	5	Pay For Superior Performance			Against	Against		ShrHoldr
			4.1
	6	Submit Severance Agreement (Change in Control) to shareholder Vote			Against	Against		ShrHoldr
			4.2
	7	Report on Sustainable Fish/Seafood Sourcing Policies			Against	Against		ShrHoldr
			6.4
	8	Report on Animal Welfare Policies			Against	Against		ShrHoldr
			6.4


05/07/07 - A	Zimmer Holdings Inc ZMH			98956P102			03/08/07	13,000
	1	Elect Director Larry C. Glasscock			For	For		Mgmt
			Item 2.6a
	2	Elect Director John L. McGoldrick			For	For		Mgmt
			Item 2.6a
	3	Ratify Auditors			For	For		Mgmt
			Item 3.1a
	4	Declassify the Board of Directors			For	For		Mgmt
			Item 2.4b
	5	Adopt Simple Majority Vote			Against	For		ShrHoldr
			Item 3.4

By:	/s/Kristen A. Richards
	Kristen A. Richards, Vice President and Assistant Secretary

Date: August 31, 2007


By:	/s/Henry J. Herrmann
	Henry J. Herrmann, President and Principal Executive Officer

Date: August 31, 2007


Vote Summary Report
Jul 01, 2006 - Sep 30, 2006

71 W&R Advisors Tax-Managed Equity

Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted


07/27/06 - A	Electronic Arts Inc. ERTS		285512109			06/06/06	37,200
	1	Elect Directors		For	For		Mgmt
	2	Approve Repricing of Options		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	For		Mgmt
	4	Amend Qualified Employee Stock Purchase Plan		For	For		Mgmt
	5	Ratify Auditors		For	For		Mgmt


07/18/06 - A	Legg Mason, Inc. LM		524901105			05/19/06	12,600
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Amend Omnibus Stock Plan		For	Against		Mgmt
	4	Ratify Auditors		For	For		Mgmt


08/24/06 - A	Medtronic, Inc. MDT		585055106			06/26/06	20,900
	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


08/16/06 - A	Precision Castparts Corp. PCP		740189105			06/23/06	13,000
	1	Elect Directors		For	For		Mgmt
	2	Increase Authorized Common Stock		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt


Vote Summary Report
Oct 01, 2006 - Dec 31, 2006

71 W&R Advisors Tax-Managed Equity

Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted


11/01/06 - A	CheckFree Corp. CKFR		162813109			09/15/06	24,000
	1	Elect Directors		For	For		Mgmt
	2	Approve Qualified Employee Stock Purchase Plan		For	For		Mgmt


11/15/06 - A	Cisco Systems, Inc. CSCO		17275R102			09/18/06	64,000
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Performance-Based and/or Time-Based Equity Awards		Against	Against		ShrHoldr
	4	Report on Pay Disparity		Against	Against		ShrHoldr
	5	Report on Internet Fragmentation		Against	Against		ShrHoldr


11/02/06 - A	Harman International Industries, Inc. HAR		413086109			09/06/06	13,400
	1	Elect Directors		For	For		Mgmt


10/05/06 - A	Paychex, Inc. PAYX		704326107			08/07/06	30,400
	1	Election of Director: B. Thomas Golisano		For	For		Mgmt
	2	Election of Director: David J.S. Flaschen		For	For		Mgmt
	3	Election of Director: Phillip Horsley		For	For		Mgmt
	4	Election of Director: Grant M. Inman		For	For		Mgmt
	5	Election of Director: Pamela A. Joseph		For	For		Mgmt
	6	Election of Director: Jonathan J. Judge		For	For		Mgmt
	7	Election of Director: Jospeh M. Tucci		For	For		Mgmt


10/10/06 - A	The Procter & Gamble Company PG		742718109			08/11/06	11,000
	1	Elect Directors		For	For		Mgmt
	2	Approve Decrease in Size of Board		For	For		Mgmt
	3	Ratify Auditors		For	For		Mgmt
	4	Amend Omnibus Stock Plan		For	For		Mgmt
	5	Put Repricing of Stock Options to Shareholder Vote		Against	Against		ShrHoldr


Vote Summary Report
Jan 01, 2007 - Mar 31, 2007

71 W&R Advisors Tax-Managed Equity

Mtg	Company/			Mgmt	Vote	Record		Shares
Date/Type	Ballot Issues		Security	Rec	Cast	Date	Prpnent	Voted


02/28/07 - A	*** Deere & Co. DE**		244199105			12/31/06	21,800
	1	Elect Director Robert W. Lane		For	For		Mgmt
	2	Elect Director Antonio Madero B.		For	For		Mgmt
	3	Elect Director Aulana L. Peters		For	For		Mgmt
	4	Ratify Auditors		For	For		Mgmt


02/06/07 - A	* Emerson Electric Co. EMR		291011104			11/28/06	10,800
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt


03/06/07 - A	*** International Game Technology IGT**		459902102			01/08/07	26,800
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt


01/17/07 - A	*** Monsanto Co. MON**		61166W101			11/20/06	53,600
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Separate Chairman and CEO Positions		Against	Against		ShrHoldr


03/13/07 - A	QUALCOMM Inc. QCOM		747525103			01/12/07	55,100
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt


03/05/07 - A	* Whole Foods Market, Inc. WFMI		966837106			01/08/07	16,600
	1	Elect Directors		For	For		Mgmt
	2	Ratify Auditors		For	For		Mgmt
	3	Approve Omnibus Stock Plan		For	For		Mgmt
	4	Approve Qualified Employee Stock Purchase Plan		For	For		Mgmt
	5	Report on Energy Efficiency		Against	Against		ShrHoldr
	6	Separate Chairman and CEO Positions		Against	For		ShrHoldr