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

811-00483

Elfun Trusts

(Exact name of registrant as specified in charter)

3001 SUMMER STREET, STAMFORD, CONNECTICUT 06905

(Address of principal executive offices) (Zip code)

GE ASSET MANAGEMENT, 3001 SUMMER STREET, STAMFORD, CONNECTICUT 06905

(Name and address of agent for service)

Registrant’s telephone number, including area code: 800-242-0134

Date of fiscal year end: 12/31

Date of reporting period: 07/01/2009 - 06/30/2010

Item 1. Proxy Voting Record

================================= ELFUN TRUST ==================================


ABBOTT LABORATORIES

Ticker:       ABT            Security ID:  002824100
Meeting Date: APR 23, 2010   Meeting Type: Annual
Record Date:  FEB 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director R.J. Alpern              For       For          Management
1.2   Elect Director R.S. Austin              For       For          Management
1.3   Elect Director W.M. Daley               For       For          Management
1.4   Elect Director W.J. Farrell             For       For          Management
1.5   Elect Director H.L. Fuller              For       For          Management
1.6   Elect Director W.A. Osborn              For       For          Management
1.7   Elect Director D.A.L. Owen              For       For          Management
1.8   Elect Director R.S. Roberts             For       For          Management
1.9   Elect Director S.C. Scott, III          For       For          Management
1.10  Elect Director W.D. Smithburg           For       For          Management
1.11  Elect Director G.F. Tilton              For       For          Management
1.12  Elect Director M.D. White               For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
4     Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings


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AFLAC INCORPORATED

Ticker:       AFL            Security ID:  001055102
Meeting Date: MAY 3, 2010    Meeting Type: Annual
Record Date:  FEB 24, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Daniel P. Amos           For       For          Management
1.2   Elect Director John Shelby Amos II      For       For          Management
1.3   Elect Director Paul S. Amos II          For       For          Management
1.4   Elect Director Michael H. Armacost      For       For          Management
1.5   Elect Director Kriss Cloninger III      For       For          Management
1.6   Elect Director Joe Frank Harris         For       For          Management
1.7   Elect Director Elizabeth J. Hudson      For       For          Management
1.8   Elect Director Douglas W. Johnson       For       For          Management
1.9   Elect Director Robert B. Johnson        For       For          Management
1.10  Elect Director Charles B. Knapp         For       For          Management
1.11  Elect Director E. Stephen Purdom, M.d.  For       For          Management
1.12  Elect Director Barbara K. Rimer, PhD    For       For          Management
1.13  Elect Director Marvin R. Schuster       For       For          Management
1.14  Elect Director David Gary Thompson      For       For          Management
1.15  Elect Director Robert L. Wright         For       For          Management
1.16  Elect Director Takuro Yoshida           For       For          Management
2     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
3     Ratify Auditors                         For       For          Management


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ALLEGHANY CORPORATION

Ticker:       Y              Security ID:  017175100
Meeting Date: APR 23, 2010   Meeting Type: Annual
Record Date:  MAR 1, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Karen Brenner            For       For          Management
2     Elect Director Thomas S. Johnson        For       For          Management
3     Elect Director Phillip M. Martineau     For       For          Management
4     Elect Director James F. Will            For       For          Management
5     Approve Non-Employee Director Omnibus   For       For          Management
      Stock Plan
6     Approve Executive Incentive Bonus Plan  For       For          Management
7     Ratify Auditors                         For       For          Management


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AMERICAN TOWER CORPORATION

Ticker:       AMT            Security ID:  029912201
Meeting Date: MAY 12, 2010   Meeting Type: Annual
Record Date:  MAR 16, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director: Raymond P. Dolan        For       For          Management
1.2   Elect Director: Ronald M. Dykes         For       For          Management
1.3   Elect Director: Carolyn F. Katz         For       For          Management
1.4   Elect Director: Gustavo Lara Cantu      For       For          Management
1.5   Elect Director: Joann A. Reed           For       For          Management
1.6   Elect Director: Pamela D.a. Reeve       For       For          Management
1.7   Elect Director: David E. Sharbutt       For       For          Management
1.8   Elect Director: James D. Taiclet, Jr.   For       For          Management
1.9   Elect Director: Samme L. Thompson       For       For          Management
2     Ratify Auditors                         For       For          Management


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AMGEN, INC.

Ticker:       AMGN           Security ID:  031162100
Meeting Date: MAY 12, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Dr. David Baltimore      For       For          Management
2     Elect Director Frank J. Biondi, Jr.     For       For          Management
3     Elect Director Francois De Carbonnel    For       For          Management
4     Elect Director Jerry D. Choate          For       For          Management
5     Elect Director Dr. Vance D. Coffman     For       For          Management
6     Elect Director Frederick W. Gluck       For       For          Management
7     Elect Director Dr. Rebecca M. Henderson For       For          Management
8     Elect Director Frank C. Herringer       For       For          Management
9     Elect Director Dr. Gilbert S. Omenn     For       For          Management
10    Elect Director Judith C. Pelham         For       For          Management
11    Elect Director Adm. J. Paul Reason, USN For       For          Management
      (Retired)
12    Elect Director Leonard D. Schaeffer     For       For          Management
13    Elect Director Kevin W. Sharer          For       For          Management
14    Ratify Auditors                         For       For          Management
15    Provide Right to Act by Written Consent Against   Against      Shareholder
16    Stock Retention/Holding Period          Against   Against      Shareholder


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AUTOMATIC DATA PROCESSING, INC.

Ticker:       ADP            Security ID:  053015103
Meeting Date: NOV 10, 2009   Meeting Type: Annual
Record Date:  SEP 11, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Gregory D. Brenneman     For       For          Management
1.2   Elect Director Leslie A. Brun           For       For          Management
1.3   Elect Director Gary C. Butler           For       For          Management
1.4   Elect Director Leon G. Cooperman        For       For          Management
1.5   Elect Director Eric C. Fast             For       For          Management
1.6   Elect Director Linda R. Gooden          For       For          Management
1.7   Elect Director R. Glenn Hubbard         For       For          Management
1.8   Elect Director John P. Jones            For       For          Management
1.9   Elect Director Charles H. Noski         For       For          Management
1.10  Elect Director Sharon T. Rowlands       For       For          Management
1.11  Elect Director Gregory L. Summe         For       For          Management
2     Ratify Auditors                         For       For          Management


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BECTON, DICKINSON AND COMPANY

Ticker:       BDX            Security ID:  075887109
Meeting Date: FEB 2, 2010    Meeting Type: Annual
Record Date:  DEC 11, 2009

#     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 Claire M. Fraser-liggett For       For          Management
1.4   Elect Director Edward J. Ludwig         For       For          Management
1.5   Elect Director Adel A.F. Mahmoud        For       For          Management
1.6   Elect Director James F. Orr             For       For          Management
1.7   Elect Director Willard J. Overlock, Jr. For       For          Management
1.8   Elect Director Bertram L. Scott         For       For          Management
2     Ratify Auditors                         For       For          Management
3     Company-Specific--Approval Of A By-law  For       For          Management
      Amendment Regarding Special
      Shareholdermeetings
4     Amend Omnibus Stock Plan                For       For          Management
5     Approve Executive Incentive Bonus Plan  For       For          Management
6     Require a Majority Vote for the         Against   For          Shareholder
      Election of Directors
7     Provide for Cumulative Voting           Against   Against      Shareholder


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BED BATH & BEYOND INC.

Ticker:       BBBY           Security ID:  075896100
Meeting Date: JUN 29, 2010   Meeting Type: Annual
Record Date:  MAY 7, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Warren Eisenberg         For       For          Management
2     Elect Director Leonard Feinstein        For       For          Management
3     Elect Director Steven H. Temares        For       For          Management
4     Elect Director Dean S. Adler            For       For          Management
5     Elect Director Stanley F. Barshay       For       For          Management
6     Elect Director Klaus Eppler             For       For          Management
7     Elect Director Patrick R. Gaston        For       For          Management
8     Elect Director Jordan Heller            For       For          Management
9     Elect Director Victoria A. Morrison     For       For          Management
10    Ratify Auditors                         For       For          Management


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BERKSHIRE HATHAWAY INC.

Ticker:       BRK.A          Security ID:  084670207
Meeting Date: JAN 20, 2010   Meeting Type: Special
Record Date:  NOV 30, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Stock Split                     For       For          Management
2     Approve Split of Class B Stock Without  For       For          Management
      Splitting Class A Stock
3     Adjust Par Value of Common Stock        For       For          Management
4     Increase Authorized Common Stock        For       For          Management
5     Remove Requirement of Issuing Physical  For       For          Management
      Stock Certificates for Class B Stock
      Upon Conversion of Class A Stock


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BRISTOL-MYERS SQUIBB COMPANY

Ticker:       BMY            Security ID:  110122108
Meeting Date: MAY 4, 2010    Meeting Type: Annual
Record Date:  MAR 11, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Lamberto Andreotti       For       For          Management
2     Elect Director Lewis B. Campbell        For       For          Management
3     Elect Director James M. Cornelius       For       For          Management
4     Elect Director Louis J. Freeh           For       For          Management
5     Elect Director Laurie H. Glimcher, M.D  For       For          Management
6     Elect Director Michael Grobstein        For       For          Management
7     Elect Director Leif Johansson           For       For          Management
8     Elect Director Alan J. Lacy             For       For          Management
9     Elect Director Vicki L. Sato, Ph.D.     For       For          Management
10    Elect Director Togo D. West, Jr.        For       For          Management
11    Elect Director R. Sanders Williams,     For       For          Management
      M.D.
12    Ratify Auditors                         For       For          Management
13    Provide Right to Call Special Meeting   For       For          Management
14    Reduce Supermajority Vote Requirements  For       For          Management
      Applicable to Common Stock
15    Reduce Supermajority Vote Requirement   For       For          Management
      Applicable to Preferred Stock
16    Increase Disclosure of Executive        Against   Against      Shareholder
      Compensation
17    Provide Right to Act by Written Consent Against   Against      Shareholder
18    Report and Set Goals Related to Animal  Against   Against      Shareholder
      Use and Testing


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CARNIVAL CORP.

Ticker:       CCL            Security ID:  143658300
Meeting Date: APR 13, 2010   Meeting Type: Annual
Record Date:  FEB 12, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Reelect Micky Arison As A Director Of   For       For          Management
      Carnival Corporation And As A Director
      Of Carnival Plc.
2     Elect Sir Jonathon Band As A Director   For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
3     Reelect Robert H. Dickinson As A        For       For          Management
      Director Of Carnival Corporation And As
      A Director Of Carnival Plc.
4     Reelect Arnold W. Donald As A Director  For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
5     Reelect Pier Luigi Foschi As A Director For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
6     Reelect Howard S. Frank As A Director   For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
7     Reelect Richard J. Glasier As A         For       For          Management
      Director Of Carnival Corporation And As
      A Director Of Carnival Plc.
8     Reelect Modesto A. Maidique As A        For       For          Management
      Director Of Carnival Corporation And As
      A Director Of Carnival Plc.
9     Reelect Sir John Parker As A Director   For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
10    Reelect Peter G. Ratcliffe As A         For       For          Management
      Director Of Carnival Corporation And As
      A Director Of Carnival Plc.
11    Reelect Stuart Subotnick As A Director  For       For          Management
      Of Carnival Corporation And As A
      Director Of Carnival Plc.
12    Reelect Laura Weil As A Director Of     For       For          Management
      Carnival Corporation And As A Director
      Of Carnival Plc.
13    Reelect Randall J. Weisenburger As A    For       For          Management
      Director Of Carnival Corporation And As
      A Director Of Carnival Plc.
14    Reelect Uzi Zucker As A Director Of     For       For          Management
      Carnival Corporation And As A Director
      Of Carnival Plc.
15    Reappoint The UK Firm Of                For       For          Management
      PricewaterhouseCoopers LLP As
      Independent Auditors For Carnival Plc
      And Ratify The U.S. Firm Of
      PricewaterhouseCoopers LLP As The
      Independent Auditor For Carnival
      Corporation.
16    Authorize The Audit Committee Of        For       For          Management
      Carnival Plc To Fix Remuneration Of The
      Independent Auditors Of Carnival Plc.
17    Receive The UK Accounts And Reports Of  For       For          Management
      The Directors And Auditors Of Carnival
      Plc For The Year Ended November 30,
      2009
18    Approve The Directors  Remuneration     For       For          Management
      Report Of Carnival Plc For The Year
      Ended November 30, 2009
19    Authorize Issue of Equity with          For       For          Management
      Pre-emptive Rights
20    Authorize Issue of Equity without       For       For          Management
      Pre-emptive Rights
21    Authorise Shares for Market Purchase    For       For          Management
22    Stock Retention/Holding Period          Against   Against      Shareholder
23    Transact Other Business (Non-Voting)    None      None         Management


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CB RICHARD ELLIS GROUP, INC.

Ticker:       CBG            Security ID:  12497T101
Meeting Date: JUN 2, 2010    Meeting Type: Annual
Record Date:  APR 9, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Richard C. Blum          For       For          Management
1.2   Elect Director Curtis F. Feeny          For       For          Management
1.3   Elect Director Bradford M. Freeman      For       For          Management
1.4   Elect Director Michael Kantor           For       For          Management
1.5   Elect Director Frederic V. Malek        For       For          Management
1.6   Elect Director Jane J. Su               For       For          Management
1.7   Elect Director Laura D. Tyson           For       For          Management
1.8   Elect Director Brett White              For       For          Management
1.9   Elect Director Gary L. Wilson           For       For          Management
1.10  Elect Director Ray Wirta                For       For          Management
2     Ratify Auditors                         For       For          Management


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CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 12, 2009   Meeting Type: Annual
Record Date:  SEP 14, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Carol A. Bartz           For       For          Management
2     Elect Director M. Michele Burns         For       For          Management
3     Elect Director Michael D. Capellas      For       For          Management
4     Elect Director Larry R. Carter          For       For          Management
5     Elect Director John T. Chambers         For       For          Management
6     Elect Director Brian L. Halla           For       For          Management
7     Elect Director John L. Hennessy         For       For          Management
8     Elect Director Richard M. Kovacevich    For       For          Management
9     Elect Director Roderick C. McGeary      For       For          Management
10    Elect Director Michael K. Powell        For       For          Management
11    Elect Director Arun Sarin               For       For          Management
12    Elect Director Steven M. West           For       For          Management
13    Elect Director Jerry Yang               For       For          Management
14    Amend Omnibus Stock Plan                For       For          Management
15    Amend Qualified Employee Stock Purchase For       For          Management
      Plan
16    Ratify Auditors                         For       For          Management
17    Amend Bylaws to Establish a Board       Against   Against      Shareholder
      Committee on Human Rights
18    Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
19    Report on Internet Fragmentation        Against   Against      Shareholder


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CME GROUP INC.

Ticker:       CME            Security ID:  12572Q105
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Terrence A. Duffy        For       For          Management
1.2   Elect Director Charles P. Carey         For       For          Management
1.3   Elect Director Mark E. Cermak           For       For          Management
1.4   Elect Director Martin J. Gepsman        For       For          Management
1.5   Elect Director Leo Melamed              For       For          Management
1.6   Elect Director Joseph Niciforo          For       For          Management
1.7   Elect Director C.C. Odom                For       For          Management
1.8   Elect Director John F. Sandner          For       For          Management
1.9   Elect Director Dennis A. Suskind        For       For          Management
2     Ratify Auditors                         For       For          Management


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CORNING INCORPORATED

Ticker:       GLW            Security ID:  219350105
Meeting Date: APR 29, 2010   Meeting Type: Annual
Record Date:  FEB 25, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert F. Cummings, Jr.  For       For          Management
1.2   Elect Director Carlos M. Gutierrez      For       For          Management
1.3   Elect Director William D. Smithburg     For       For          Management
1.4   Elect Director Hansel E. Tookes, II     For       For          Management
1.5   Elect Director Wendell P. Weeks         For       For          Management
2     Ratify Auditors                         For       For          Management
3     Approve Executive Incentive Bonus Plan  For       For          Management
4     Approve Non-Employee Director Omnibus   For       For          Management
      Stock Plan
5     Declassify the Board of Directors       For       For          Management
6     Reduce Supermajority Vote Requirement   Against   For          Shareholder


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DENTSPLY INTERNATIONAL INC.

Ticker:       XRAY           Security ID:  249030107
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Paula H. Cholmondeley    For       For          Management
1.2   Elect Director Michael J. Coleman       For       For          Management
1.3   Elect Director John C. Miles II         For       For          Management
1.4   Elect Director John L. Miclot           For       For          Management
2     Ratify Auditors                         For       For          Management
3     Approve Omnibus Stock Plan              For       For          Management


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DIRECTV

Ticker:       DTV            Security ID:  25490A101
Meeting Date: JUN 3, 2010    Meeting Type: Annual
Record Date:  APR 5, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Neil R. Austrian         For       For          Management
1.2   Elect Director Ralph F. Boyd, Jr.       For       For          Management
1.3   Elect Director Paul A. Gould            For       For          Management
1.4   Elect Director Charles R. Lee           For       For          Management
1.5   Elect Director Peter A. Lund            For       For          Management
1.6   Elect Director Gregory B. Maffei        For       For          Management
1.7   Elect Director John C. Malone           For       For          Management
1.8   Elect Director Nancy S. Newcomb         For       For          Management
1.9   Elect Director Haim Saban               For       For          Management
1.10  Elect Director Michael D. White         For       For          Management
2     Ratify Auditors                         For       For          Management
3     Approve Omnibus Stock Plan              For       For          Management
4     Approve Executive Incentive Bonus Plan  For       For          Management
5     Stock Retention/Holding Period          Against   Against      Shareholder


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DOVER CORPORATION

Ticker:       DOV            Security ID:  260003108
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 9, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director David H. Benson          For       For          Management
2     Elect Director Robert W. Cremin         For       For          Management
3     Elect Director Jean-Pierre M. Ergas     For       For          Management
4     Elect Director Peter T. Francis         For       For          Management
5     Elect Director Kristiane C. Graham      For       For          Management
6     Elect Directors James L. Koley          For       For          Management
7     Elect Director Robert A. Livingston     For       For          Management
8     Elect Director Richard K. Lochridge     For       For          Management
9     Elect Director Bernard G. Rethore       For       For          Management
10    Elect Director Michael B. Stubbs        For       For          Management
11    Elect Director Mary A. Winston          For       For          Management
12    Ratify Auditors                         For       For          Management


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EBAY INC.

Ticker:       EBAY           Security ID:  278642103
Meeting Date: APR 29, 2010   Meeting Type: Annual
Record Date:  MAR 4, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director David M. Moffett         For       For          Management
2     Elect Director Richard T. Schlosberg,   For       For          Management
      III
3     Elect Director Thomas J. Tierney        For       For          Management
4     Amend Executive Incentive Bonus Plan    For       For          Management
5     Amend Omnibus Stock Plan                For       For          Management
6     Ratify Auditors                         For       For          Management


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ECOLAB INC.

Ticker:       ECL            Security ID:  278865100
Meeting Date: MAY 6, 2010    Meeting Type: Annual
Record Date:  MAR 9, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Arthur J. Higgins        For       For          Management
2     Elect Director Joel W. Johnson          For       For          Management
3     Elect Director C. Scott O'Hara          For       For          Management
4     Ratify Auditors                         For       For          Management
5     Approve Omnibus Stock Plan              For       For          Management
6     Declassify the Board of Directors       For       For          Management
7     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
8     Adopt Policy on Human Right to Water    Against   Against      Shareholder
9     Amend Bylaws-- Call Special Meetings    Against   Against      Shareholder


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EXPRESS SCRIPTS, INC.

Ticker:       ESRX           Security ID:  302182100
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Gary G. Benanav          For       For          Management
2     Elect Director Frank J. Borelli         For       For          Management
3     Elect Director Maura C. Breen           For       For          Management
4     Elect Director Nicholas J. LaHowchic    For       For          Management
5     Elect Director Thomas P. Mac Mahon      For       For          Management
6     Elect Director Frank Mergenthaler       For       For          Management
7     Elect Director Woodrow A Myers, Jr.,    For       For          Management
      M.D.
8     Elect Director John O. Parker, Jr.      For       For          Management
9     Elect Director George Paz               For       For          Management
10    Elect Director Samuel K. Skinner        For       For          Management
11    Elect Director Seymour Sternberg        For       For          Management
12    Elect Director Barrett A. Toan          For       For          Management
13    Ratify Auditors                         For       For          Management
14    Report on Political Contributions       Against   Against      Shareholder
15    Require Independent Board Chairman      Against   Against      Shareholder


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EXXON MOBIL CORPORATION

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 26, 2010   Meeting Type: Annual
Record Date:  APR 6, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director M.J. Boskin              For       For          Management
1.2   Elect Director P. Brabeck-Letmathe      For       For          Management
1.3   Elect Director L.R. Faulkner            For       For          Management
1.4   Elect Director J.S. Fishman             For       For          Management
1.5   Elect Director K.C. Frazier             For       For          Management
1.6   Elect Director W.W. George              For       For          Management
1.7   Elect Director M.C. Nelson              For       For          Management
1.8   Elect Director S.J. Palmisano           For       For          Management
1.9   Elect Director S.C. Reinemund           For       For          Management
1.10  Elect Director R.W. Tillerson           For       For          Management
1.11  Elect Director E.E. Whitacre, Jr.       For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings
4     Reincorporate in Another State [from    Against   Against      Shareholder
      New Jersey to North Dakota]
5     Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
6     Amend EEO Policy to Prohibit            Against   Against      Shareholder
      Discrimination based on Sexual
      Orientation and Gender Identity
7     Adopt Policy on Human Right to Water    Against   Against      Shareholder
8     Adopt Policy to Address Coastal         Against   Against      Shareholder
      Louisiana Environmental Impacts
9     Report on Environmental Impact of Oil   Against   Against      Shareholder
      Sands Operations in Canada
10    Report on Environmental Impacts of      Against   Against      Shareholder
      Natural Gas Fracturing
11    Report on Energy Technologies           Against   Against      Shareholder
      Development
12    Adopt Quantitative GHG Goals from       Against   Against      Shareholder
      Products and Operations
13    Report on Risks of Alternative          Against   Against      Shareholder
      Long-term Fossil Fuel Demand Estimates


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GILEAD SCIENCES, INC.

Ticker:       GILD           Security ID:  375558103
Meeting Date: MAY 11, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Paul Berg                For       For          Management
1.2   Elect Director John F. Cogan            For       For          Management
1.3   Elect Director Etienne F. Davignon      For       For          Management
1.4   Elect Director James M. Denny           For       For          Management
1.5   Elect Director Carla A. Hills           For       For          Management
1.6   Elect Director Kevin E. Lofton          For       For          Management
1.7   Elect Director John W. Madigan          For       For          Management
1.8   Elect Director John C. Martin           For       For          Management
1.9   Elect Director Gordon E. Moore          For       For          Management
1.10  Elect Director Nicholas G. Moore        For       For          Management
1.11  Elect Director Richard J. Whitley       For       For          Management
1.12  Elect Director Gayle E. Wilson          For       For          Management
1.13  Elect Director Per Wold-Olsen           For       For          Management
2     Ratify Auditors                         For       For          Management
3     Reduce Supermajority Vote Requirement   Against   For          Shareholder


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GOLDMAN SACHS GROUP, INC., THE

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAY 7, 2010    Meeting Type: Annual
Record Date:  MAR 8, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Lloyd C. Blankfein       For       For          Management
1.2   Elect Director John H. Bryan            For       For          Management
1.3   Elect Director Gary D. Cohn             For       For          Management
1.4   Elect Director Claes Dahlback           For       For          Management
1.5   Elect Director Stephen Friedman         For       For          Management
1.6   Elect Director William W. George        For       For          Management
1.7   Elect Director James A. Johnson         For       For          Management
1.8   Elect Director Lois D. Juliber          For       For          Management
1.9   Elect Director Lakshmi N. Mittal        For       For          Management
1.10  Elect Director James J. Schiro          For       For          Management
1.11  Elect Director H. Lee Scott, Jr.        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
4     Reduce Supermajority Vote Requirement   For       For          Management
5     Provide Right to Call Special Meeting   For       For          Management
6     Provide for Cumulative Voting           Against   Against      Shareholder
7     Report on Collateral in Derivatives     Against   Against      Shareholder
      Trading
8     Require Independent Board Chairman      Against   Against      Shareholder
9     Report on Political Contributions       Against   Against      Shareholder
10    Report on Global Warming Science        Against   Against      Shareholder
11    Report on Pay Disparity                 Against   Against      Shareholder
12    Stock Retention/Holding Period          Against   Against      Shareholder


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

INTUIT INC.

Ticker:       INTU           Security ID:  461202103
Meeting Date: DEC 15, 2009   Meeting Type: Annual
Record Date:  OCT 20, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David H. Batchelder      For       For          Management
1.2   Elect Director Christopher W. Brody     For       For          Management
1.3   Elect Director William V. Campbell      For       For          Management
1.4   Elect Director Scott D. Cook            For       For          Management
1.5   Elect Director Diane B. Greene          For       For          Management
1.6   Elect Director Michael R. Hallman       For       For          Management
1.7   Elect Director Edward A. Kangas         For       For          Management
1.8   Elect Director Suzanne Nora Johnson     For       For          Management
1.9   Elect Director Dennis D. Powell         For       For          Management
1.10  Elect Director Stratton D. Sclavos      For       For          Management
1.11  Elect Director Brad D. Smith            For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Omnibus Stock Plan                For       For          Management
4     Amend Qualified Employee Stock Purchase For       For          Management
      Plan


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

IRON MOUNTAIN INCORPORATED

Ticker:       IRM            Security ID:  462846106
Meeting Date: JUN 4, 2010    Meeting Type: Annual
Record Date:  APR 14, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Clarke H. Bailey         For       For          Management
2     Elect Director Constantin R. Boden      For       For          Management
3     Elect Director Robert T. Brennan        For       For          Management
4     Elect Director Kent P. Dauten           For       For          Management
5     Elect Director Per-Kristian Halvorsen   For       For          Management
6     Elect Director Michael W. Lamach        For       For          Management
7     Elect Director Arthur D. Little         For       For          Management
8     Elect Director C. Richard Reese         For       For          Management
9     Elect Director Vincent J. Ryan          For       For          Management
10    Elect Director Laurie A. Tucker         For       For          Management
11    Elect Director Alfred J. Verrecchia     For       For          Management
12    Amend Omnibus Stock Plan                For       For          Management
13    Amend Executive Incentive Bonus Plan    For       For          Management
14    Amend Executive Incentive Bonus Plan    For       For          Management
15    Ratify Auditors                         For       For          Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2010   Meeting Type: Annual
Record Date:  FEB 23, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Mary Sue Coleman         For       For          Management
2     Elect Director James G. Culien          For       For          Management
3     Elect Director Michael M. E. Johns      For       For          Management
4     Elect Director Susan L. Lindquist       For       For          Management
5     Elect Director Anne M. Mulcahy          For       For          Management
6     Elect Director Lea F. Mullin            For       For          Management
7     Elect Director William D. Perez         For       For          Management
8     Elect Director Charles Prince           For       For          Management
9     Elect Director David Satcher            For       For          Management
10    Elect Director William C. Welcon        For       For          Management
11    Ratify Auditors                         For       For          Management
12    Advisory Vote to Ratify Named Executive Against   Against      Shareholder
      Officers' Compensation
13    Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 18, 2010   Meeting Type: Annual
Record Date:  MAR 19, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Crandall C. Bowles       For       For          Management
1.2   Elect Director Stephen B. Burke         For       For          Management
1.3   Elect Director David M. Cote            For       For          Management
1.4   Elect Director James S. Crown           For       For          Management
1.5   Elect Director James Dimon              For       For          Management
1.6   Elect Director Ellen V. Futter          For       For          Management
1.7   Elect Director William H. Gray, III     For       For          Management
1.8   Elect Director Laban P. Jackson, Jr.    For       For          Management
1.9   Elect Director David C. Novak           For       For          Management
1.10  Elect Director Lee R. Raymond           For       For          Management
1.11  Elect Director William C. Weldon        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
4     Affirm Political Non-Partisanship       Against   Against      Shareholder
5     Amend Bylaws-- Call Special Meetings    Against   Against      Shareholder
6     Report on Collateral in Derivatives     Against   Against      Shareholder
      Trading
7     Provide Right to Act by Written Consent Against   Against      Shareholder
8     Require Independent Board Chairman      Against   Against      Shareholder
9     Report on Pay Disparity                 Against   Against      Shareholder
10    Stock Retention/Holding Period          Against   Against      Shareholder


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

LIBERTY MEDIA CORPORATION

Ticker:       LINTA          Security ID:  53071M500
Meeting Date: NOV 19, 2009   Meeting Type: Special
Record Date:  OCT 9, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Redemption Proposal             For       For          Management
2.1   Approve Spin-Off Agreement              For       For          Management
2.2   Approve Merger Agreement                For       For          Management
2.3   Approve Contribution Proposal           For       For          Management
3     Adjourn Meeting                         For       For          Management


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

LINCARE HOLDINGS, INC.

Ticker:       LNCR           Security ID:  532791100
Meeting Date: MAY 10, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director John P. Byrnes           For       For          Management
1.2   Elect Director Stuart H. Altman, Ph.D.  For       For          Management
1.3   Elect Director Chester B. Black         For       For          Management
1.4   Elect Director Frank D. Byrne, M.D.     For       For          Management
1.5   Elect Director William F. Miller, III   For       For          Management
2     Ratify Auditors                         For       For          Management


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

LOWE'S COMPANIES, INC.

Ticker:       LOW            Security ID:  548661107
Meeting Date: MAY 28, 2010   Meeting Type: Annual
Record Date:  MAR 26, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director David W. Bernauer        For       For          Management
1.2   Elect Director Leonard L. Berry         For       For          Management
1.3   Elect Director Dawn E. Hudson           For       For          Management
1.4   Elect Director Robert A. Niblock        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Provide Right to Call Special Meeting   For       For          Management
4     Report on Political Contributions       Against   Against      Shareholder
5     Require Independent Board Chairman      Against   Against      Shareholder


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

MEDTRONIC, INC.

Ticker:       MDT            Security ID:  585055106
Meeting Date: AUG 27, 2009   Meeting Type: Annual
Record Date:  JUN 29, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Richard H. Anderson      For       For          Management
1.2   Elect Director Victor J. Dzau           For       For          Management
1.3   Elect Director William A. Hawkins       For       For          Management
1.4   Elect Director S. Ann Jackson           For       For          Management
1.5   Elect Director Denise M. O'Leary        For       For          Management
1.6   Elect Director Robert C. Pozen          For       For          Management
1.7   Elect Director Jean-pierre Rosso        For       For          Management
1.8   Elect Director Jack W. Schuler          For       For          Management
2     Ratify Auditors                         For       For          Management
3     Amend Qualified Employee Stock Purchase For       For          Management
      Plan
4     Amend Omnibus Stock Plan                For       For          Management


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 19, 2009   Meeting Type: Annual
Record Date:  SEP 4, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director William H. Gates, III    For       For          Management
2     Elect Director Steven A. Ballmer        For       For          Management
3     Elect Director Dina Dublon              For       For          Management
4     Elect Director Raymond V. Gilmartin     For       For          Management
5     Elect Director Reed Hastings            For       For          Management
6     Elect Director Maria Klawe              For       For          Management
7     Elect Director David F. Marquardt       For       For          Management
8     Elect Director Charles H. Noski         For       For          Management
9     Elect Director Helmut Panke             For       For          Management
10    Ratify Auditors                         For       For          Management
11    Permit Right to Call Special Meeting    For       For          Management
12    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
13    Adopt Principles for Health Care Reform Against   Against      Shareholder
14    Report on Charitable Contributions      Against   Against      Shareholder


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

MONSANTO CO.

Ticker:       MON            Security ID:  61166W101
Meeting Date: JAN 26, 2010   Meeting Type: Annual
Record Date:  NOV 27, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Frank V. AtLee III       For       For          Management
2     Elect Director David L. Chicoine        For       For          Management
3     Elect Director Arthur H. Harper         For       For          Management
4     Elect Director Gwendolyn S. King        For       For          Management
5     Ratify Auditors                         For       For          Management
6     Amend Omnibus Stock Plan                For       For          Management


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326107
Meeting Date: OCT 13, 2009   Meeting Type: Annual
Record Date:  AUG 14, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director B. Thomas Golisano       For       For          Management
2     Elect Director David J.S. Flaschen      For       For          Management
3     Elect Director Grant M. Inman           For       For          Management
4     Elect Director Pamela A. Joseph         For       For          Management
5     Elect Director Jonathan J. Judge        For       For          Management
6     Elect Director Joseph M. Tucci          For       For          Management
7     Elect Director Joseph M. Velli          For       For          Management
8     Ratify Auditors                         For       For          Management


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

PEPSICO, INC.

Ticker:       PEP            Security ID:  713448108
Meeting Date: MAY 5, 2010    Meeting Type: Annual
Record Date:  MAR 5, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Shona L. Brown           For       For          Management
2     Elect Director Ian M. Cook              For       For          Management
3     Elect Director Dina Dublon              For       For          Management
4     Elect Director Victor J. Dzau           For       For          Management
5     Elect Director Ray L. Hunt              For       For          Management
6     Elect Director Alberto Ibarguen         For       For          Management
7     Elect Director Arthur C. Martinez       For       For          Management
8     Elect Director Indra K. Nooyi           For       For          Management
9     Elect Director Sharon P. Rockefeller    For       For          Management
10    Elect Director James J. Schiro          For       For          Management
11    Elect Director Lloyd G. Trotter         For       For          Management
12    Elect Director Daniel Vasella           For       For          Management
13    Ratify Auditors                         For       For          Management
14    Amend Omnibus Stock Plan                For       For          Management
15    Report on Charitable Contributions      Against   Against      Shareholder
16    Amend Articles/Bylaws/Charter -- Call   Against   Against      Shareholder
      Special Meetings
17    Report on  Public Policy Advocacy       Against   Against      Shareholder
      Process


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

PRAXAIR, INC.

Ticker:       PX             Security ID:  74005P104
Meeting Date: APR 27, 2010   Meeting Type: Annual
Record Date:  MAR 1, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Stephen F. Angel         For       For          Management
1.2   Elect Director Nance K. Dicciani        For       For          Management
1.3   Elect Director Edward G. Galante        For       For          Management
1.4   Elect Director Claire W. Gargalli       For       For          Management
1.5   Elect Director Ira D. Hall              For       For          Management
1.6   Elect Director Raymond W. LeBoeuf       For       For          Management
1.7   Elect Director Larry D. Mcvay           For       For          Management
1.8   Elect Director Wayne T. Smith           For       For          Management
1.9   Elect Director Robert L. Wood           For       For          Management
2     Ratify Auditors                         For       For          Management


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

QUALCOMM INCORPORATED

Ticker:       QCOM           Security ID:  747525103
Meeting Date: MAR 2, 2010    Meeting Type: Annual
Record Date:  JAN 4, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Barbara T. Alexander     For       For          Management
1.2   Elect Director Stephen M. Bennett       For       For          Management
1.3   Elect Director Donald G. Cruickshank    For       For          Management
1.4   Elect Director Raymond V. Dittamore     For       For          Management
1.5   Elect Director Thomas W. Horton         For       For          Management
1.6   Elect Director Irwin Mark Jacobs        For       For          Management
1.7   Elect Director Paul E. Jacobs           For       For          Management
1.8   Elect Director Robert E. Kahn           For       For          Management
1.9   Elect Director Sherry Lansing           For       For          Management
1.10  Elect Director Duane A. Nelles          For       For          Management
1.11  Elect Director Brent Scowcroft          For       For          Management
1.12  Elect Director Marc I. Stern            For       For          Management
2     Amend Omnibus Stock Plan                For       For          Management
3     Ratify Auditors                         For       For          Management


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

RESEARCH IN MOTION LTD

Ticker:       RIM            Security ID:  760975102
Meeting Date: JUL 14, 2009   Meeting Type: Annual
Record Date:  MAY 26, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Mike Lazaridis           For       For          Management
1.2   Elect Director James Estill             For       For          Management
1.3   Elect Director David Kerr               For       For          Management
1.4   Elect Director Roger Martin             For       For          Management
1.5   Elect Director John Richardson          For       For          Management
1.6   Elect Director Barbara Stymiest         For       For          Management
1.7   Elect Director John Wetmore             For       For          Management
2     Approve Ernst & Young LLP as Auditors   For       For          Management
      and Authorize Board to Fix Their
      Remuneration


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

RITCHIE BROS. AUCTIONEERS INCORPORATED

Ticker:       RBA            Security ID:  767744105
Meeting Date: APR 29, 2010   Meeting Type: Annual/Special
Record Date:  MAR 19, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert Waugh Murdoch     For       For          Management
1.2   Elect Director Peter James Blake        For       For          Management
1.3   Elect Director Eric Patel               For       For          Management
1.4   Elect Director Beverley Anne Briscoe    For       For          Management
1.5   Elect Director Edward Baltazar Pitoniak For       For          Management
1.6   Elect Director Christopher Zimmerman    For       For          Management
1.7   Elect Director James Michael Micali     For       For          Management
2     Approve KPMG LLP as Auditors and        For       For          Management
      Authorize Board to Fix Their
      Remuneration
3     Approve Shareholder Rights Plan         For       For          Management


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

SCHLUMBERGER LTD.

Ticker:       SLB            Security ID:  806857108
Meeting Date: APR 7, 2010    Meeting Type: Annual
Record Date:  FEB 17, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect P. Camus as Director              For       Did Not Vote Management
1.2   Elect P. Currie as Director             For       Did Not Vote Management
1.3   Elect J.S. Gorelick as Director         For       Did Not Vote Management
1.4   Elect A. Gould as Director              For       Did Not Vote Management
1.5   Elect T. Isaac as Director              For       Did Not Vote Management
1.6   Elect K.V. Kamath as Director           For       Did Not Vote Management
1.7   Elect N. Kudryavtsev as Director        For       Did Not Vote Management
1.8   Elect A. Lajous as Director             For       Did Not Vote Management
1.9   Elect M.E. Marks as Director            For       Did Not Vote Management
1.10  Elect L.R. Reif as Director             For       Did Not Vote Management
1.11  Elect T.I. Sandvold as Director         For       Did Not Vote Management
1.12  Elect H. Seydoux as Director            For       Did Not Vote Management
2     Adopt and Approve Financials and        For       Did Not Vote Management
      Dividends
3     Approve 2010 Omnibus Stock Incentive    For       Did Not Vote Management
      Plan
4     Amend Qualified Employee Stock Purchase For       Did Not Vote Management
      Plan
5     Ratify PricewaterhouseCoopers LLP as    For       Did Not Vote Management
      Auditors


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

SOUTHWESTERN ENERGY COMPANY

Ticker:       SWN            Security ID:  845467109
Meeting Date: MAY 18, 2010   Meeting Type: Annual
Record Date:  MAR 31, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Lewis E. Epley, Jr.      For       For          Management
1.2   Elect Director Robert L. Howard         For       For          Management
1.3   Elect Director Harold M. Korell         For       For          Management
1.4   Elect Director Vello A. Kuuskraa        For       For          Management
1.5   Elect Director Kenneth R. Mourton       For       For          Management
1.6   Elect Director Steven L. Mueller        For       For          Management
1.7   Elect Director Charles E. Scharlau      For       For          Management
2     Ratify Auditors                         For       For          Management
3     Increase Authorized Common Stock        For       For          Management
4     Require a Majority Vote for the         Against   Against      Shareholder
      Election of Directors
5     Report on Political Contributions       Against   Against      Shareholder


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

STATE STREET CORPORATION

Ticker:       STT            Security ID:  857477103
Meeting Date: MAY 19, 2010   Meeting Type: Annual
Record Date:  MAR 15, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director K. Burnes                For       For          Management
2     Elect Director P. Coym                  For       For          Management
3     Elect Director P. De Saint-Aignan       For       For          Management
4     Elect Director A. Fawcett               For       For          Management
5     Elect Director D. Gruber                For       For          Management
6     Elect Director L. Hill                  For       For          Management
7     Elect Director J. Hooley                For       For          Management
8     Elect Director R. Kaplan                For       For          Management
9     Elect Director C. LaMantia              For       For          Management
10    Elect Director R. Logue                 For       For          Management
11    Elect Director R. Sergel                For       For          Management
12    Elect Director R. Skates                For       For          Management
13    Elect Director G. Summe                 For       For          Management
14    Elect Director R. Weissman              For       For          Management
15    Advisory Vote to Ratify Named Executive For       For          Management
      Officers' Compensation
16    Ratify Auditors                         For       For          Management
17    Require Independent Board Chairman      Against   Against      Shareholder
18    Report on Pay Disparity                 Against   Against      Shareholder


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

STERICYCLE, INC.

Ticker:       SRCL           Security ID:  858912108
Meeting Date: MAY 25, 2010   Meeting Type: Annual
Record Date:  MAR 26, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Mark C. Miller           For       For          Management
1.2   Elect Director Jack W. Schuler          For       For          Management
1.3   Elect Director Thomas D. Brown          For       For          Management
1.4   Elect Director Rod F. Dammeyer          For       For          Management
1.5   Elect Director William K. Hall          For       For          Management
1.6   Elect Director Jonathan T. Lord         For       For          Management
1.7   Elect Director John Patience            For       For          Management
1.8   Elect Director J.W.P. Reid-Anderson     For       For          Management
1.9   Elect Director Ronald G. Spaeth         For       For          Management
2     Ratify Auditors                         For       For          Management


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

TRANSOCEAN LTD.

Ticker:       RIG            Security ID:  H8817H100
Meeting Date: MAY 14, 2010   Meeting Type: Annual
Record Date:

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Discharge of Board and Senior   For       Abstain      Management
      Management
3     Approve Allocation of Income and        For       For          Management
      Omission of Dividends
4     Change Location of Registered Office to For       For          Management
      Steinhausen, Switzerland
5     Approve Creation of CHF 2.5 Billion     For       For          Management
      Pool of Capital without Preemptive
      Rights
6     Approve Reduction in Share Capita and   For       For          Management
      Repayment of $3.11 per Sharel
7     Amend Articles Re: Share Certificates   For       For          Management
      due to New Swiss Federal Act on
      Intermediated Securities
8a    Elect Steven Newman as Director         For       For          Management
8b    Reelect Thomas Carson as Director       For       For          Management
8c    Reelect Robert Sprague as Director      For       For          Management
8d    Reelect J. Michael Talbert as Director  For       For          Management
8e    Reelect John Whitmire as Director       For       For          Management
9     Appointment Of Ernst & Young LLP as     For       For          Management
      Independent Registered Public
      Accounting Firm for Fiscal Year 2010
10    Transact Other Business (Voting)        For       Abstain      Management


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

VCA ANTECH, INC.

Ticker:       WOOF           Security ID:  918194101
Meeting Date: JUN 14, 2010   Meeting Type: Annual
Record Date:  APR 19, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert L. Antin          For       For          Management
2     Ratify Auditors                         For       For          Management


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

VISA INC.

Ticker:       V              Security ID:  92826C839
Meeting Date: JAN 20, 2010   Meeting Type: Annual
Record Date:  NOV 27, 2009

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Robert W. Matschullat    For       For          Management
1.2   Elect Director Cathy E. Minehan         For       For          Management
1.3   Elect Director David J. Pang            For       For          Management
1.4   Elect Director William S. Shanahan      For       For          Management
1.5   Elect Director John A. Swainson         For       For          Management
2     Ratify Auditors                         For       For          Management


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

WESTERN UNION COMPANY, THE

Ticker:       WU             Security ID:  959802109
Meeting Date: MAY 14, 2010   Meeting Type: Annual
Record Date:  MAR 17, 2010

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Dinyar S. Devitre        For       For          Management
2     Elect Director Christina A. Gold        For       For          Management
3     Elect Director Betsy D. Holden          For       For          Management
4     Elect Director Wulf Von Schimmelmann    For       For          Management
5     Ratify Auditors                         For       For          Management

SIGNATURES

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

(Registrant): Elfun Trusts
By (Signature and Title):	/S/    EUNICE TSANG
	Eunice Tsang,
	TREASURER, ELFUN FUNDS

Date: August 9, 2010