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: 811-02667

Salomon Brothers Capital Fund Inc.

(Exact name of registrant as specified in charter)

125 BROAD STREET, NEW YORK, NEW YORK 10004

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

300 First Stamford Place, 4^th Floor

Stamford, Connecticut 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: 203-890-7046

Date of fiscal year end: December 31

Date of reporting period: July 1, 2003–June 30, 2004

Item 1. Proxy Voting Record

<PRE>
******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-02667
Reporting Period: 07/01/2003 - 06/30/2004
Salomon Brothers Investors Value Fund Inc - Salomon Brothers Capital Fund Inc









====================== SALOMON BROTHERS CAPITAL FUND INC =======================


3COM CORPORATION

Ticker:       COMS           Security ID:  885535
Meeting Date: SEP 23, 2003   Meeting Type: Annual
Record Date:  JUL 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE THE 3COM 2003 STOCK PLAN WITH  For       For        Management
      AN INITIAL SHARE RESERVE OF 20,000,000
      AND THEREBY ELIMINATE THE SHARES
      AVAILABLE FOR FUTURE GRANTS UNDER THE
      COMPANY S PRIOR EQUITY COMPENSATION
      PLANS.
03    TO APPROVE AN INCREASE IN THE SHARE       For       For        Management
      RESERVE UNDER THE COMPANY S 1984 EMPLOYEE
      STOCK PURCHASE PLAN BY 5,000,000 SHARES.
04    TO RATIFY THE APPOINTMENT OF DELOITTE &   For       For        Management
      TOUCHE LLP AS THE COMPANY S INDEPENDENT
      PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR
      ENDING MAY 28, 2004.


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AK STEEL HOLDING CORP.

Ticker:       AKS            Security ID:  001547108
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard A. Abdoo          For       For        Management
1.2   Elect  Director Donald V. Fites           For       For        Management
1.3   Elect  Director Dr. Bonnie G. Hill        For       For        Management
1.4   Elect  Director Robert H. Jenkins         For       For        Management
1.5   Elect  Director Lawrence A. Leser         For       For        Management
1.6   Elect  Director Daniel J. Meyer           For       For        Management
1.7   Elect  Director Shirley D. Peterson       For       For        Management
1.8   Elect  Director Dr. James A. Thomson      For       For        Management
1.9   Elect  Director James L. Wainscott        For       For        Management


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ALTRIA GROUP, INC.

Ticker:       MO             Security ID:  02209S103
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Elizabeth E. Bailey       For       For        Management
1.2   Elect  Director Mathis Cabiallavetta      For       For        Management
1.3   Elect  Director Louis C. Camilleri        For       For        Management
1.4   Elect  Director J. Dudley Fishburn        For       For        Management
1.5   Elect  Director Robert E. R. Huntley      For       For        Management
1.6   Elect  Director Thomas W. Jones           For       For        Management
1.7   Elect  Director Lucio A. Noto             For       For        Management
1.8   Elect  Director John S. Reed              For       For        Management
1.9   Elect  Director Carlos Slim Helu          For       For        Management
1.10  Elect  Director Stephen M. Wolf           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Product Warnings for Pregnant   Against   Against    Shareholder
      Women
4     Report on Health Risks Associated with    Against   Against    Shareholder
      Cigarette Filters
5     Political Contributions/Activities        Against   Against    Shareholder
6     Cease Use of Light and Ultra Light in     Against   Against    Shareholder
      Cigarette Marketing
7     Place Canadian Style Warnings on          Against   Against    Shareholder
      Cigarette Packaging
8     Separate Chairman and CEO Positions       Against   Against    Shareholder


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AMERICAN INTERNATIONAL GROUP, INC.

Ticker:       AIG            Security ID:  026874107
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director M. Bernard Aidinoff       For       For        Management
1.2   Elect  Director Pei-Yuan Chia             For       For        Management
1.3   Elect  Director Marshall A. Cohen         For       For        Management
1.4   Elect  Director Willaim S. Cohen          For       For        Management
1.5   Elect  Director Martin S. Feldstein       For       For        Management
1.6   Elect  Director Ellen V. Futter           For       For        Management
1.7   Elect  Director Maurice R. Greenberg      For       For        Management
1.8   Elect  Director Carla A. Hills            For       For        Management
1.9   Elect  Director Frank J. Hoenemeyer       For       For        Management
1.10  Elect  Director Richard C. Holbrooke      For       For        Management
1.11  Elect  Director Donald P. Kanak           For       For        Management
1.12  Elect  Director Howard I. Smith           For       For        Management
1.13  Elect  Director Martin J. Sullivan        For       For        Management
1.14  Elect  Director Edmund S.W. Tse           For       For        Management
1.15  Elect  Director Frank G. Zarb             For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Approve Non-Employee Director Stock       For       For        Management
      Option Plan
4     Ratify Auditors                           For       For        Management
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
6     Divest from Tobacco Equities              Against   Against    Shareholder
7     Link Executive Compensation to Predatory  Against   Against    Shareholder
      Lending


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AMERICAN STANDARD COMPANIES, INC.

Ticker:       ASD            Security ID:  029712106
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Steven E. Anderson        For       For        Management
1.2   Elect  Director James F. Hardymon         For       For        Management
1.3   Elect  Director Ruth Ann Marshall         For       For        Management
2     Increase Authorized Common Stock          For       Against    Management
3     Ratify Auditors                           For       For        Management


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AMGEN, INC.

Ticker:       AMGN           Security ID:  031162100
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank J. Biondi, Jr.      For       For        Management
1.2   Elect  Director Jerry D. Choate           For       Withhold   Management
1.3   Elect  Director Frank C. Herringer        For       For        Management
1.4   Elect  Director Gilbert S. Omenn          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Prepare Glass Ceiling Report              Against   Against    Shareholder
4     Expense Stock Options                     Against   For        Shareholder


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APACHE CORP.

Ticker:       APA            Security ID:  037411105
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:  OCT 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Increase Authorized Common Stock          For       For        Management


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APACHE CORP.

Ticker:       APA            Security ID:  037411105
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Eugene C. Fiedorek        For       For        Management
1.2   Elect  Director Patricia Albjerg Graham   For       For        Management
1.3   Elect  Director F. H. Merelli             For       Withhold   Management
1.4   Elect  Director Raymond Plank             For       For        Management
2     Report on Greenhouse Gas Emissions        Against   For        Shareholder


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APACHE CORPORATION

Ticker:       APA            Security ID:  037411
Meeting Date: DEC 18, 2003   Meeting Type: Special
Record Date:  OCT 29, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    AMENDMENT OF RESTATED CERTIFICATE OF      For       For        Management
      INCORPORATION TO INCREASE THE NUMBER OF
      AUTHORIZED SHARES OF THE COMPANY S COMMON
      STOCK FROM 215,000,000 SHARES TO
      430,000,000 SHARES.


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AT&T WIRELESS SERVICES, INC.

Ticker:       AWE            Security ID:  00209A106
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director Nobuharu Ono              For       For        Management
2.2   Elect  Director Carolyn M. Ticknor        For       For        Management
2.3   Elect  Director John D. Zeglis            For       For        Management
3     Ratify Auditors                           For       For        Management
4     Limit Executive Compensation              Against   Against    Shareholder
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors


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BANK OF AMERICA CORP.

Ticker:       BAC            Security ID:  060505104
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:  JAN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       Did Not    Management
                                                          Vote
2     Amend Omnibus Stock Plan                  For       Did Not    Management
                                                          Vote
3     Increase Authorized Common Stock          For       Did Not    Management
                                                          Vote
4     Adjourn Meeting                           For       Did Not    Management
                                                          Vote


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BANK OF AMERICA CORP.

Ticker:       BAC            Security ID:  060505104
Meeting Date: MAR 17, 2004   Meeting Type: Special
Record Date:  JAN 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Adjourn Meeting                           For       For        Management


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BANK OF AMERICA CORP.

Ticker:       BAC            Security ID:  060505104
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William Barnet, III       For       For        Management
1.2   Elect  Director Charles W. Coker          For       For        Management
1.3   Elect  Director John T. Collins           For       For        Management
1.4   Elect  Director Gary L. Countryman        For       For        Management
1.5   Elect  Director Paul Fulton               For       For        Management
1.6   Elect  Director Charles K. Gifford        For       For        Management
1.7   Elect  Director Donald E. Guinn           For       For        Management
1.8   Elect  Director James H. Hance, Jr.       For       For        Management
1.9   Elect  Director Kenneth D. Lewis          For       For        Management
1.10  Elect  Director Walter E. Massey          For       For        Management
1.11  Elect  Director Thomas J. May             For       For        Management
1.12  Elect  Director C. Steven McMillan        For       For        Management
1.13  Elect  Director Eugene M. McQuade         For       For        Management
1.14  Elect  Director Patricia E. Mitchell      For       For        Management
1.15  Elect  Director Edward L. Romero          For       For        Management
1.16  Elect  Director Thomas M. Ryan            For       For        Management
1.17  Elect  Director O. Temple Sloan, Jr.      For       For        Management
1.18  Elect  Director Meredith R. Spangler      For       For        Management
1.19  Elect  Director Jackie M. Ward            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Change Date of Annual Meeting             Against   Against    Shareholder
4     Adopt Nomination Procedures for the Board Against   Against    Shareholder
5     Charitable Contributions                  Against   Against    Shareholder
6     Establish Independent Committee to Review Against   Against    Shareholder
      Mutual Fund Policy
7     Adopt Standards Regarding Privacy and     Against   Against    Shareholder
      Information Security


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BARRICK GOLD CORP.

Ticker:       ABX.           Security ID:  067901108
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director H.L. Beck                 For       For        Management
1.2   Elect  Director C.W.D. Birchall           For       For        Management
1.3   Elect  Director G. Cisneros               For       For        Management
1.4   Elect  Director M.A. Cohen                For       For        Management
1.5   Elect  Director P.A. Crossgrove           For       For        Management
1.6   Elect  Director P.C. Godsoe               For       For        Management
1.7   Elect  Director A.A. Macnaughton          For       For        Management
1.8   Elect  Director B. Mulroney               For       For        Management
1.9   Elect  Director A. Munk                   For       For        Management
1.10  Elect  Director P. Munk                   For       For        Management
1.11  Elect  Director J.L. Rotman               For       For        Management
1.12  Elect  Director J.E. Thompson             For       For        Management
1.13  Elect  Director G.C. Wilkins              For       For        Management
2     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
3     Approve Stock Option Plan (2004) up to 16 For       For        Management
      Million Common Shares


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BECTON, DICKINSON AND COMPANY

Ticker:       BDX            Security ID:  075887
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:  DEC 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    RATIFICATION OF INDEPENDENT AUDITORS.     For       For        Management
03    ADOPTION OF 2004 EMPLOYEE AND DIRECTOR    For       For        Management
      EQUITY-BASED COMPENSATION PLAN. THE BOARD
      OF DIRECTORS RECOMMENDS A VOTE  AGAINST
      PROPOSAL 4.
04    CUMULATIVE VOTING.                        Against   Against    Shareholder


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BECTON, DICKINSON AND COMPANY

Ticker:       BDX            Security ID:  075887109
Meeting Date: FEB 11, 2004   Meeting Type: Annual
Record Date:  DEC 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Henry P. Becton, Jr.       For       For        Management
1.2   Elect Director Edward F. DeGraan          For       For        Management
1.3   Elect Director James F. Orr               For       For        Management
1.4   Elect Director Margaretha af Ugglas       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Provide for Cumulative Voting             Against   For        Shareholder


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BERKSHIRE HATHAWAY INC.

Ticker:       BRK.A          Security ID:  084670108
Meeting Date: MAY 1, 2004    Meeting Type: Annual
Record Date:  MAR 3, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Warren E. Buffett          For       For        Management
1.2   Elect Director Charles T. Munger          For       For        Management
1.3   Elect Director Susan T. Buffett           For       For        Management
1.4   Elect Director Howard G. Buffett          For       For        Management
1.5   Elect Director Malcolm G. Chace           For       For        Management
1.6   Elect Director David S. Gottesman         For       For        Management
1.7   Elect Director Charlotte Guyman           For       For        Management
1.8   Elect Director Donald R. Keough           For       For        Management
1.9   Elect Director Thomas S. Murphy           For       For        Management
1.10  Elect Director Ronald L. Olson            For       For        Management
1.11  Elect Director Walter Scott, Jr.          For       For        Management
2     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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BJ SERVICES COMPANY

Ticker:       BJS            Security ID:  055482
Meeting Date: JAN 22, 2004   Meeting Type: Annual
Record Date:  DEC 5, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    THE 2003 INCENTIVE PLAN.                  For       For        Management
03    THE STOCKHOLDER PROPOSAL ON THE COMPANY S Against   Against    Shareholder
      OPERATIONS IN BURMA.


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BJ SERVICES COMPANY

Ticker:       BJS            Security ID:  055482103
Meeting Date: JAN 22, 2004   Meeting Type: Annual
Record Date:  DEC 5, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Don D. Jordan              For       For        Management
1.2   Elect Director William H. White           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Report on Foreign Operations Risk         Against   Against    Shareholder


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BOWATER INC.

Ticker:       BOW            Security ID:  102183100
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Arnold M. Nemirow         For       For        Management
1.2   Elect  Director Arthur R. Sawchuk         For       For        Management
1.3   Elect  Director Gordon D. Giffin          For       For        Management
1.4   Elect  Director Douglas A. Pertz          For       For        Management


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CABLEVISION SYSTEMS CORP.

Ticker:       CVC            Security ID:  12686C109
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles D. Ferris         For       For        Management
1.2   Elect  Director Richard H. Hochman        For       For        Management
1.3   Elect  Director Victor Oristano           For       For        Management
1.4   Elect  Director Vincent Tese              For       For        Management
1.5   Elect  Director Thomas V. Reifenheiser    For       For        Management
1.6   Elect  Director John R. Ryan              For       For        Management
2     Ratify Auditors                           For       For        Management


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CIENA CORPORATION

Ticker:       CIEN           Security ID:  171779
Meeting Date: MAR 10, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management


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CIENA CORPORATION

Ticker:       CIEN           Security ID:  171779101
Meeting Date: MAR 10, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Patrick H. Nettles        For       For        Management
1.2   Elect  Director John R. Dillon            For       For        Management
1.3   Elect  Director Lawton W. Fitt            For       For        Management


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COMVERSE TECHNOLOGY, INC.

Ticker:       CMVT           Security ID:  205862
Meeting Date: DEC 16, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENT OF THE COMPANY S 2002 EMPLOYEE  For       For        Management
      STOCK PURCHASE PLAN.
03    ADOPTION AND APPROVAL OF THE COMPANY S    For       For        Management
      2004 MANAGEMENT INCENTIVE PLAN.
04    RATIFICATION OF THE ENGAGEMENT OF         For       For        Management
      DELOITTE & TOUCHE LLP TO SERVE AS
      INDEPENDENT AUDITORS OF THE COMPANY FOR
      THE YEAR ENDING JANUARY 31, 2004.


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COMVERSE TECHNOLOGY, INC.

Ticker:       CMVT           Security ID:  205862402
Meeting Date: DEC 16, 2003   Meeting Type: Annual
Record Date:  OCT 28, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Kobi Alexander             For       For        Management
1.2   Elect Director Raz Alon                   For       For        Management
1.3   Elect Director Itsik Danziger             For       For        Management
1.4   Elect Director John H. Friedman           For       For        Management
1.5   Elect Director Ron Hiram                  For       For        Management
1.6   Elect Director Sam Oolie                  For       For        Management
1.7   Elect Director William F. Sorin           For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Ratify Auditors                           For       For        Management


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COMVERSE TECHNOLOGY, INC.

Ticker:       CMVT           Security ID:  205862402
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kobi Alexander            For       For        Management
1.2   Elect  Director Raz Alon                  For       For        Management
1.3   Elect  Director Itsik Danziger            For       For        Management
1.4   Elect  Director John H. Friedman          For       For        Management
1.5   Elect  Director Ron Hiram                 For       For        Management
1.6   Elect  Director Sam Oolie                 For       For        Management
1.7   Elect  Director William F. Sorin          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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COSTCO WHOLESALE CORPORATION

Ticker:       COST           Security ID:  22160K
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:  DEC 5, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    SHAREHOLDER PROPOSAL TO ELECT DIRECTORS   Against   For        Shareholder
      ANNUALLY AND NOT BY CLASSES.
03    SHAREHOLDER PROPOSAL TO DEVELOP A POLICY  Against   Against    Shareholder
      FOR LAND PROCUREMENT.
04    RATIFICATION OF SELECTION OF INDEPENDENT  For       For        Management
      AUDITORS.


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COSTCO WHOLESALE CORPORATION

Ticker:       COST           Security ID:  22160K105
Meeting Date: JAN 29, 2004   Meeting Type: Annual
Record Date:  DEC 5, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Benjamin S. Carson, Sr.,   For       For        Management
      M.D. as Class II Director
1.2   Elect Director Hamilton E. James as Class For       For        Management
      II Director
1.3   Elect Director Jill S. Ruckelshaus as     For       For        Management
      Class II Director
1.4   Elect Director William H. Gates, II as    For       For        Management
      Class II Director
1.5   Elect Director Daniel J. Evans as Class I For       For        Management
      Director
2     Declassify the Board of Directors         Against   For        Shareholder
3     Develop Land Procurement Policy           Against   Against    Shareholder
4     Ratify Auditors                           For       For        Management


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DIRECTV GROUP, INC, THE

Ticker:       DTV            Security ID:  25459L106
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:  APR 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director K. Rupert Murdoch         For       For        Management
1.2   Elect  Director Neil R. Austrian          For       For        Management
1.3   Elect  Director Charles R. Lee            For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Ratify Auditors                           For       For        Management


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DOBSON COMMUNICAITON CORPORATION

Ticker:       DCEL           Security ID:  256069105
Meeting Date: JUN 15, 2004   Meeting Type: Annual
Record Date:  APR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Fred J. Hall              For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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ENSCO INTERNATIONAL, INC.

Ticker:       ESV            Security ID:  26874Q100
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David M. Carmichael       For       For        Management
1.2   Elect  Director Thomas L. Kelly II        For       For        Management
1.3   Elect  Director Rita M. Rodriguez         For       For        Management


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GENERAL ELECTRIC CO.

Ticker:       GE             Security ID:  369604103
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James I. Cash, Jr.        For       For        Management
1.2   Elect  Director Dennis D. Dammerman       For       For        Management
1.3   Elect  Director Ann M. Fudge              For       For        Management
1.4   Elect  Director Claudio X. Gonzalez       For       For        Management
1.5   Elect  Director Jeffrey R. Immelt         For       For        Management
1.6   Elect  Director Andrea Jung               For       For        Management
1.7   Elect  Director Alan G. Lafley            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Ralph S. Larsen           For       For        Management
1.10  Elect  Director Rochelle B. Lazarus       For       For        Management
1.11  Elect  Director Sam Nunn                  For       For        Management
1.12  Elect  Director Roger S. Penske           For       For        Management
1.13  Elect  Director Robert J. Swieringa       For       For        Management
1.14  Elect  Director Douglas A. Warner III     For       For        Management
1.15  Elect  Director Robert C. Wright          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Provide for Cumulative Voting             Against   Against    Shareholder
5     Eliminate Animal Testing                  Against   Against    Shareholder
6     Report on Nuclear Fuel Storage Risks      Against   Against    Shareholder
7     Report on PCB Clean-up                    Against   Against    Shareholder
8     Report on Foreign Outsourcing             Against   Against    Shareholder
9     Prepare Sustainability Report             Against   Against    Shareholder
10    Limit Composition of Management           Against   Against    Shareholder
      Development and Compensation Committee to
      Independent Directors
11    Report on Pay Disparity                   Against   Against    Shareholder
12    Limit Awards to Executives                Against   Against    Shareholder
13    Limit Board Service for Other Companies   Against   For        Shareholder
14    Separate Chairman and CEO Positions       Against   Against    Shareholder
15    Hire Advisor/Maximize Shareholder Value   Against   Against    Shareholder
16    Adopt a Retention Ratio for Executives    Against   Against    Shareholder
      and Directors
17    Require 70% to 80% Independent Board      Against   Against    Shareholder
18    Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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GENERAL MOTORS CORP.

Ticker:       GM             Security ID:  370442832
Meeting Date: OCT 3, 2003    Meeting Type: Written Consent
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles                            For       For        Management
2     Amend Articles                            For       For        Management
3     Approve Hughes Split-Off                  For       For        Management
4     Approve GM/News Stock Sale                For       For        Management
5     Approve News Stock Acquisition            For       For        Management
6     Amend Articles                            For       For        Management


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

GENERAL MOTORS CORPORATION

Ticker:       GM             Security ID:  370442
Meeting Date: OCT 3, 2003    Meeting Type: Consent
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    APPROVAL OF THE FIRST GM CHARTER          For       For        Management
      AMENDMENT
02    RATIFICATION OF THE NEW HUGHES            For       For        Management
      CERTIFICATE OF INCORPORATION
03    RATIFICATION OF THE HUGHES SPLIT-OFF,     For       For        Management
      INCLUDING THE SPECIAL DIVIDEND
04    RATIFICATION OF THE GM/NEWS STOCK SALE    For       For        Management
05    RATIFICATION OF THE NEWS STOCK            For       For        Management
      ACQUISITION
06    APPROVAL OF THE SECOND GM CHARTER         For       For        Management
      AMENDMENT


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

IAC / INTERACTIVECORP

Ticker:       IACI           Security ID:  45840Q101
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Richard N. Barton         For       For        Management
1.2   Elect  Director Robert R. Bennett         For       For        Management
1.3   Elect  Director Edgar Bronfman, Jr.       For       For        Management
1.4   Elect  Director Barry Diller              For       For        Management
1.5   Elect  Director Victor A. Kaufman         For       For        Management
1.6   Elect  Director Donald R. Keough          For       For        Management
1.7   Elect  Director Marie-Josee Kravis        For       For        Management
1.8   Elect  Director John C. Malone            For       For        Management
1.9   Elect  Director Steven Rattner            For       For        Management
1.10  Elect  Director Gen. H.N. Schwarzkopf     For       For        Management
1.11  Elect  Director Alan G. Spoon             For       For        Management
1.12  Elect  Director Diane Von Furstenberg     For       For        Management
2     Ratify Auditors                           For       For        Management


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

J. C. PENNEY CO., INC (HLDG CO)

Ticker:       JCP            Security ID:  708160106
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Colleen C. Barrett        For       For        Management
1.2   Elect  Director M.Anthony Burns           For       For        Management
1.3   Elect  Director Maxine K. Clark           For       For        Management
1.4   Elect  Director Allen Questrom            For       For        Management
2     Ratify Auditors                           For       For        Management


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

LATITUDE COMMUNICATIONS INC.

Ticker:       LATD           Security ID:  518292107
Meeting Date: JAN 8, 2004    Meeting Type: Special
Record Date:  NOV 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2     Adjourn Meeting                           For       For        Management


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

LATITUDE COMMUNICATIONS, INC.

Ticker:       LATD           Security ID:  518292
Meeting Date: JAN 9, 2004    Meeting Type: Special
Record Date:  DEC 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    ADOPTION OF THE AGREEMENT AND PLAN OF     For       For        Management
      MERGER, DATED AS OF NOVEMBER 11, 2003
      (THE  MERGER AGREEMENT ), BY AND AMONG
      CISCO SYSTEMS, INC., LOS ANGELES
      ACQUISITION CORP. AND THE COMPANY.
02    PROPOSAL TO GRANT THE COMPANY S           For       For        Management
      MANAGEMENT DISCRETIONARY AUTHORITY TO
      ADJOURN THE SPECIAL MEETING ONE OR MORE
      TIMES, BUT NOT LATER THAN APRIL 30, 2004.


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

LIBERTY MEDIA CORP.

Ticker:       L              Security ID:  530718105
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert R. Bennett         For       For        Management
1.2   Elect  Director Paul A. Gould             For       For        Management
1.3   Elect  Director John C. Malone            For       For        Management
2     Amend Executive Incentive Bonus Plan      For       For        Management
3     Ratify Auditors                           For       For        Management


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

MEDAREX, INC.

Ticker:       MEDX           Security ID:  583916101
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mr. Irwin Lerner          For       For        Management
1.2   Elect  Director Dr. Julius A. Vida        For       For        Management
2     Ratify Auditors                           For       For        Management


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

MEDIMMUNE, INC.

Ticker:       MEDI           Security ID:  584699102
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Wayne T. Hockmeyer        For       For        Management
1.2   Elect  Director David M. Mott             For       For        Management
1.3   Elect  Director David Baltimore           For       For        Management
1.4   Elect  Director M. James Barrett          For       For        Management
1.5   Elect  Director Melvin D. Booth           For       For        Management
1.6   Elect  Director James H. Cavanaugh        For       For        Management
1.7   Elect  Director Barbara Hackman Franklin  For       For        Management
1.8   Elect  Director Gordon S. Macklin         For       For        Management
1.9   Elect  Director Elizabeth H. S. Wyatt     For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

MICRON TECHNOLOGY, INC.

Ticker:       MU             Security ID:  595112
Meeting Date: NOV 21, 2003   Meeting Type: Annual
Record Date:  SEP 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL BY THE COMPANY TO APPROVE AN     For       For        Management
      AMENDMENT TO THE COMPANY S 1989 EMPLOYEE
      STOCK PURCHASE PLAN INCREASING THE NUMBER
      OF SHARES OF COMMON STOCK RESERVED FOR
      ISSUANCE THEREUNDER BY 5,000,000 AND
      MAKING CERTAIN OTHER CHANGES AS DESCRIBED
      IN THE PROXY STA
03    PROPOSAL BY THE COMPANY TO APPROVE AN     For       For        Management
      AMENDMENT TO THE COMPANY S 2001 STOCK
      OPTION PLAN INCREASING THE NUMBER OF
      SHARES OF COMMON STOCK RESERVED FOR
      ISSUANCE THEREUNDER BY 17,000,000
04    PROPOSAL BY THE COMPANY TO RATIFY THE     For       For        Management
      APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP
      AS THE COMPANY S INDEPENDENT ACCOUNTANTS
      FOR FISCAL 2004


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

MICRON TECHNOLOGY, INC.

Ticker:       MU             Security ID:  595112103
Meeting Date: NOV 21, 2003   Meeting Type: Annual
Record Date:  SEP 22, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven R. Appleton         For       For        Management
1.2   Elect Director James W. Bagley            For       For        Management
1.3   Elect Director Robert A. Lothrop          For       For        Management
1.4   Elect Director Thomas T. Nicholson        For       For        Management
1.5   Elect Director Gordon C. Smith            For       For        Management
1.6   Elect Director William P. Weber           For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Ratify Auditors                           For       For        Management


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

NEWFIELD EXPLORATION CO.

Ticker:       NFX            Security ID:  651290108
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Joe B. Foster             For       For        Management
1.2   Elect  Director David A. Trice            For       For        Management
1.3   Elect  Director David F. Schaible         For       For        Management
1.4   Elect  Director Charles W. Duncan, Jr.    For       For        Management
1.5   Elect  Director Howard H. Newman          For       For        Management
1.6   Elect  Director Thomas G. Ricks           For       For        Management
1.7   Elect  Director Dennis R. Hendrix         For       For        Management
1.8   Elect  Director C.E. (chuck) Shultz       For       For        Management
1.9   Elect  Director Philip J. Burguieres      For       For        Management
1.10  Elect  Director Claire S. Farley          For       For        Management
1.11  Elect  Director John Randolph Kemp III    For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management


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

NOBLE CORP

Ticker:       NE             Security ID:  G65422100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael A. Cawley         For       Did Not    Management
                                                          Vote
1.2   Elect  Director Luke R. Corbett           For       Did Not    Management
                                                          Vote
1.3   Elect  Director Jack E. Little            For       Did Not    Management
                                                          Vote
2     Ratify Auditors                           For       Did Not    Management
                                                          Vote


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

NOBLE CORP

Ticker:       NE             Security ID:  G65422100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael A. Cawley         For       For        Management
1.2   Elect  Director Luke R. Corbett           For       For        Management
1.3   Elect  Director Jack E. Little            For       For        Management
2     Ratify Auditors                           For       For        Management


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

NTL EUROPE, INC.

Ticker:       NTEU           Security ID:  62940R
Meeting Date: JAN 27, 2004   Meeting Type: Special
Record Date:  DEC 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPROVE AND ADOPT THE CERTIFICATE OF   For       For        Management
      AMENDMENT TO THE CERTIFICATE OF
      INCORPORATION TO EFFECT A REVERSE STOCK
      SPLIT AS SET FORTH IN THE PROXY STATEMENT
      PROVIDED TO STOCKHOLDERS.
02    TO APPROVE AND ADOPT THE CERTIFICATE OF   For       For        Management
      AMENDMENT TO THE CERTIFICATE OF
      INCORPORATION TO EFFECT A CHANGE OF NTL
      EUROPE S NAME AS SET FORTH IN THE PROXY
      STATEMENT PROVIDED TO STOCKHOLDERS.


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

NTL INCORPORATED

Ticker:       NTLI           Security ID:  62940M104
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jeffrey D. Benjamin       For       For        Management
1.2   Elect  Director David Elstein             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve Executive Incentive Bonus Plan    For       For        Management
5     Approve Share Plan Grant                  For       For        Management


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

PARTNERRE LTD (FRM. PARTNERRE HOLDINGS LTD. )

Ticker:       PRE            Security ID:  G6852T105
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Vito H. Baumgartner       For       For        Management
1.2   Elect  Director Jean-Paul Montupet        For       For        Management
1.3   Elect  Director John A. Rollwagen         For       For        Management
1.4   Elect  Director Lucio Stanca              For       For        Management
2     TO APPROVE AN INCREASE IN THE MAXIMUM     For       For        Management
      NUMBER OF DIRECTORS FROM TEN TO ELEVEN,
      WITH THE MINIMUM NUMBER OF DIRECTORS SET
      AT THREE, AND FOR THE BOARD TO BE
      AUTHORIZED TO FILL ANY VACANCIES AS AND
      WHEN THEY DEEM EXPEDIENT.
3     TO AMEND THE BYE-LAWS OF THE COMPANY TO   For       For        Management
      REMOVE THE EXEMPTION WHICH EXCLUDES SWISS
      REINSURANCE COMPANY AND ITS AFFILIATES
      FROM THE PROHIBITION ON OBTAINING OR
      EXERCISING MORE THAN 9.9% OF THE VOTING
      RIGHTS ATTACHED TO THE COMPANY S ISSUED
      AND OUTSTANDING
4     TO INCREASE THE NUMBER OF COMMON SHARES   For       For        Management
      RESERVED FOR ISSUANCE UNDER THE PARTNERRE
      LTD. EMPLOYEE INCENTIVE PLAN FROM
      3,500,000 COMMON SHARES TO 5,000,000
      COMMON SHARES.
5     Ratify Auditors                           For       For        Management
6     Other Business                            For       For        Management


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

PATHMARK STORES, INC. (NEW)

Ticker:       PTMK           Security ID:  70322A101
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William J. Begley         For       For        Management
1.2   Elect  Director Daniel H. Fitzgerald      For       For        Management
1.3   Elect  Director Eugene M. Freedman        For       For        Management
1.4   Elect  Director Bruce Hartman             For       For        Management
1.5   Elect  Director James L. Moody, Jr.       For       For        Management
1.6   Elect  Director Eileen R. Scott           For       For        Management
1.7   Elect  Director Frank G. Vitrano          For       For        Management
2     Ratify Auditors                           For       For        Management


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

PERFORMANCE FOOD GROUP CO.

Ticker:       PFGC           Security ID:  713755106
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mary C. Doswell           For       For        Management
1.2   Elect  Director Fred C. Goad, Jr.         For       For        Management
1.3   Elect  Director Robert C. Sledd           For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management


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

PIONEER NATURAL RESOURCES CO.

Ticker:       PXD            Security ID:  723787107
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director R. Hartwell Gardner       For       For        Management
1.2   Elect  Director James L. Houghton         For       For        Management
1.3   Elect  Director Linda K. Lawson           For       For        Management
2     Ratify Auditors                           For       For        Management


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

PLACER DOME INC.

Ticker:       PDG.           Security ID:  725906101
Meeting Date: MAY 5, 2004    Meeting Type: Annual/Special
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect G. B. Coulombe as a Director        For       For        Management
1.2   Elect J. W. Crow as a Director            For       For        Management
1.3   Elect G. Farquharson as a Director        For       For        Management
1.4   Elect R. M. Franklin as a Director        For       For        Management
1.5   Elect D. S. Karpin as a Director          For       For        Management
1.6   Elect R. McFarland as a Director          For       For        Management
1.7   Elect C. L. Michel as a Director          For       For        Management
1.8   Elect E. A. Parkinson-Marcoux as a        For       For        Management
      Director
1.9   Elect J. K. Taylor as a Director          For       For        Management
1.10  Elect V. F. Taylor III as a Director      For       For        Management
1.11  Elect W. G. Wilson as a Director          For       For        Management
2     Ratify Ernst & Young LLP as Auditors      For       For        Management
3     Adopt or Amend Shareholder Rights Plan    For       Against    Management
      (Poison Pill)


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

PREMCOR INC

Ticker:       PCO            Security ID:  74045Q104
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas D. O'Malley        For       For        Management
1.2   Elect  Director Jefferson F. Allen        For       For        Management
1.3   Elect  Director Wayne A. Budd             For       For        Management
1.4   Elect  Director Stephen I. Chazen         For       For        Management
1.5   Elect  Director Marshall A. Cohen         For       For        Management
1.6   Elect  Director David I. Foley            For       For        Management
1.7   Elect  Director Robert L. Friedman        For       For        Management
1.8   Elect  Director Richard C. Lappin         For       For        Management
1.9   Elect  Director Wilkes McClave III        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

PTV INC.

Ticker:       PTVI           Security ID:  62940R103
Meeting Date: JAN 27, 2004   Meeting Type: Special
Record Date:  DEC 9, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reverse Stock Split               For       For        Management
2     Change Company Name                       For       For        Management


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

ROWAN COMPANIES, INC.

Ticker:       RDC            Security ID:  779382100
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William T. Fox III        For       For        Management
1.2   Elect  Director Sir Graham Hearne         For       For        Management
1.3   Elect  Director H. E. Lentz               For       For        Management
1.4   Elect  Director P. Dexter Peacock         For       For        Management


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

SAFEWAY INC.

Ticker:       SWY            Security ID:  786514208
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Steven A. Burd             For       For        Management
1.2   Elect Director Robert I. MacDonnell       For       For        Management
1.3   Elect Director William Y. Tauscher        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Approve Repricing of Options              For       For        Management
5     Amend Bylaws to Require Independent       Against   Against    Shareholder
      Director as Chairman of the Board
6     Provide for Cumulative Voting             Against   For        Shareholder
7     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)
8     Prepare Sustainability Report             Against   Against    Shareholder
9     Report on Political Contributions         Against   Against    Shareholder
10    Expense Stock Options                     Against   For        Shareholder


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

SEMPRA ENERGY

Ticker:       SRE            Security ID:  816851109
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Stephen L. Baum           For       For        Management
1.2   Elect  Director Wilford D. Godbold, Jr.   For       For        Management
1.3   Elect  Director Richard G. Newman         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Declassify the Board of Directors         Against   Against    Shareholder
5     Submit Shareholder Rights Plan (Poison    Against   Against    Shareholder
      Pill) to Shareholder Vote
6     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services
7     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

SMURFIT - STONE CONTAINER CORP.

Ticker:       SSCC           Security ID:  832727101
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Boris            For       For        Management
1.2   Elect  Director Alan E. Goldberg          For       For        Management
1.3   Elect  Director William T. Lynch, Jr.     For       For        Management
1.4   Elect  Director Patrick J. Moore          For       For        Management
1.5   Elect  Director James J. O'Connor         For       For        Management
1.6   Elect  Director Jerry K. Pearlman         For       For        Management
1.7   Elect  Director Thomas A. Reynolds, III   For       For        Management
1.8   Elect  Director William D. Smithburg      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Approve Deferred Compensation Plan        For       For        Management
5     Submit Executive Compensation to Vote     Against   Against    Shareholder


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

SUN MICROSYSTEMS, INC.

Ticker:       SUNW           Security ID:  866810
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENTS TO THE 1990 EMPLOYEE STOCK     For       For        Management
      PURCHASE PLAN. PROPOSAL TO APPROVE
      AMENDMENTS TO SUN S 1990 EMPLOYEE STOCK
      PURCHASE PLAN, INCLUDING AN INCREASE IN
      THE NUMBER OF SHARES OF COMMON STOCK
      RESERVED FOR ISSUANCE THEREUNDER BY
      170,000,000 SHARES OF COMMON
03    RATIFICATION OF APPOINTMENT OF            For       For        Management
      INDEPENDENT AUDITORS. PROPOSAL TO RATIFY
      THE APPOINTMENT OF ERNST & YOUNG LLP, AS
      SUN S INDEPENDENT AUDITORS FOR THE
      CURRENT FISCAL YEAR
04    STOCKHOLDER PROPOSAL ENTITLED  CHINA      Against   Against    Shareholder
      BUSINESS PRINCIPLES FOR RIGHTS OF WORKERS
      IN CHINA . PROPOSAL REQUESTING
      IMPLEMENTATION OF PRINCIPLES EMBODIED IN
      CHINA BUSINESS PRINCIPLES FOR RIGHTS OF
      WORKERS IN CHINA


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

SUN MICROSYSTEMS, INC.

Ticker:       SUNW           Security ID:  866810104
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Scott G. McNealy           For       For        Management
1.2   Elect Director James L. Barksdale         For       For        Management
1.3   Elect Director L. John Doerr              For       For        Management
1.4   Elect Director Robert J. Fisher           For       For        Management
1.5   Elect Director Michael E. Lehman          For       For        Management
1.6   Elect Director Robert L. Long             For       For        Management
1.7   Elect Director M. Kenneth Oshman          For       For        Management
1.8   Elect Director Naomi O. Seligman          For       For        Management
1.9   Elect Director Lynn E. Turner             For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       For        Management
4     Implement China Principles                Against   Against    Shareholder


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

SUNCOR ENERGY INC

Ticker:       SU.            Security ID:  867229106
Meeting Date: APR 29, 2004   Meeting Type: Annual/Special
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Mel E. Benson             For       For        Management
1.2   Elect  Director Brian A. Canfield         For       For        Management
1.3   Elect  Director Susan E. Crocker          For       For        Management
1.4   Elect  Director Bryan P. Davies           For       For        Management
1.5   Elect  Director Brian A. Felesky          For       For        Management
1.6   Elect  Director John T. Ferguson          For       For        Management
1.7   Elect  Director W. Douglas Ford           For       For        Management
1.8   Elect  Director Richard L. George         For       For        Management
1.9   Elect  Director John R. Huff              For       For        Management
1.10  Elect  Director Robert W. Korthals        For       For        Management
1.11  Elect  Director M. Ann McCaig             For       For        Management
1.12  Elect  Director Michael W. O'Brien        For       For        Management
1.13  Elect  Director JR Shaw                   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit New Participants in the Senior     Against   Against    Shareholder
      Executive Retirement Plan to a
      Shareholder Vote


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

TARGET CORPORATION

Ticker:       TGT            Security ID:  87612E106
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Calvin Darden             For       For        Management
1.2   Elect  Director Michele J. Hooper         For       For        Management
1.3   Elect  Director Anne M. Mulcahy           For       For        Management
1.4   Elect  Director Stephen W. Sanger         For       For        Management
1.5   Elect  Director Warren R. Staley          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management


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

TIME WARNER INC

Ticker:       TWX            Security ID:  887317105
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James L. Barksdale        For       For        Management
1.2   Elect  Director Stephen F. Bollenbach     For       For        Management
1.3   Elect  Director Stephen M. Case           For       For        Management
1.4   Elect  Director Frank J. Caufield         For       For        Management
1.5   Elect  Director Robert C. Clark           For       For        Management
1.6   Elect  Director Miles R. Gilburne         For       For        Management
1.7   Elect  Director Carla A. Hills            For       For        Management
1.8   Elect  Director Reuben Mark               For       For        Management
1.9   Elect  Director Michael A. Miles          For       For        Management
1.10  Elect  Director Kenneth J. Novack         For       For        Management
1.11  Elect  Director Richard D. Parsons        For       For        Management
1.12  Elect  Director R. E. Turner              For       For        Management
1.13  Elect  Director Francis T. Vincent, Jr.   For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt China Principles                    Against   Against    Shareholder
4     Report on Pay Disparity                   Against   Against    Shareholder


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

UNITEDGLOBAL.COM INC

Ticker:       UCOMA          Security ID:  913247508
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:  AUG 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John W. Dick               For       For        Management
1.2   Elect Director Tina M. Wildes             For       For        Management
2     Approve Omnibus Stock Plan                For       Against    Management


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

UNITEDGLOBALCOM, INC.

Ticker:       UCOMA          Security ID:  913247
Meeting Date: FEB 11, 2004   Meeting Type: Special
Record Date:  JAN 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    APPROVAL OF THE AMENDMENTS TO             For       Against    Management
      UNITEDGLOBALCOM, INC. STOCK OPTION PLAN
      FOR NON-EMPLOYEE DIRECTORS (EFFECTIVE
      JUNE 1, 1993), UNITEDGLOBALCOM, INC.
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS (EFFECTIVE MARCH 20, 1998), AND
      UNITEDGLOBALCOM, INC. 1993 STOCK


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

UNITEDGLOBALCOM, INC.

Ticker:       UCOMA          Security ID:  913247
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:  AUG 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF UNITEDGLOBALCOM, INC. EQUITY  For       Against    Management
      INCENTIVE PLAN.

========== END NPX REPORT
</PRE>

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.

Salomon Brothers Capital Fund Inc.

By:

/s/ R. Jay Gerken

R. Jay Gerken

President, Chairman and Chief Executive Officer of Salomon Brothers Capital Fund Inc.

Date: August 26, 2004