EX-99.77C VOTES 2 proxy.txt Proxy Voting Results (Unaudited) Shareholders of the funds covered in this report approved all proposals described in the most recent Excelsior Funds proxy solicitation. A special meeting of the shareholders of each Company was held on June 28, 2006. The number of votes necessary to conduct the meeting and approve each proposal was obtained. The results of the votes of shareholders are listed below. To elect the following Trustees/Directors: No. of Shares Excelsior Tax-Exempt Funds, Inc. Rodman Drake Affirmative 1,532,964,121.805 Withhold 13,832,723.446 Total 1,546,796,845.251 Excelsior Funds, Inc. Rodman Drake Affirmative 1,740,717,964.670 Withhold 17,787,583.132 Total 1,758,505,547.802 Excelsior Funds Trust Rodman Drake Affirmative 95,050,424.716 Withhold 202,332.169 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc. Morrill Melton (Mel) Hall, Jr. Affirmative 1,533,240,350.898 Withhold 13,556,494.353 Total 1,546,796,845.251 Excelsior Funds, Inc. Morrill Melton (Mel) Hall, Jr. Affirmative 1,740,761,567.876 Withhold 17,743,979.926 Total 1,758,505,547.802 Excelsior Funds Trust Morrill Melton (Mel) Hall, Jr. Affirmative 95,050,872.151 Withhold 201,884.734 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc. Roger M. Lynch Affirmative 1,533,251,224.898 Withhold 13,545,620.353 Total 1,546,796,845.251 Excelsior Funds, Inc. Roger M. Lynch Affirmative 1,739,986,305.427 Withhold 18,519,242.375 Total 1,758,505,547.802 Excelsior Funds Trust Roger M. Lynch Affirmative 95,041,026.623 Withhold 211,730.262 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc. Jonathan Piel Affirmative 1,532,152,688.455 Withhold 14,644,156.796 Total 1,546,796,845.251 Excelsior Funds, Inc. Jonathan Piel Affirmative 1,740,751,593.666 Withhold 17,753,954.136 Total 1,758,505,547.802 Excelsior Funds Trust Jonathan Piel Affirmative 95,049,674.684 Withhold 203,082.201 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc. John D. Collins Affirmative 1,533,226,642.455 Withhold 13,570,202.796 Total 1,546,796,845.251 Excelsior Funds, Inc. John D. Collins Affirmative 1,740,306,918.296 Withhold 18,198,629.506 Total 1,758,505,547.802 Excelsior Funds Trust John D. Collins Affirmative 95,039,201.847 Withhold 213,555.038 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc. Mariann Byerwalter Affirmative 1,536,465,302.197 Withhold 10,331,543.054 Total 1,546,796,845.251 Excelsior Funds, Inc. Mariann Byerwalter Affirmative 1,740,433,206.527 Withhold 18,072,341.275 Total 1,758,505,547.802 Excelsior Funds Trust Mariann Byerwalter Affirmative 95,030,753.624 Withhold 222,003.261 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc William A. Hasler Affirmative 1,536,244,377.085 Withhold 10,552,468.166 Total 1,546,796,845.251 Excelsior Funds, Inc. William A. Hasler Affirmative 1,740,536,576.011 Withhold 17,968,971.791 Total 1,758,505,547.802 Excelsior Funds Trust William A. Hasler Affirmative 94,998,826.965 Withhold 253,929.920 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc Nils H. Hakansson Affirmative 1,536,744,946.455 Withhold 10,051,898.796 Total 1,546,796,845.251 Excelsior Funds, Inc. Nils H. Hakansson Affirmative 1,741,217,017.788 Withhold 17,288,530.014 Total 1,758,505,547.802 Excelsior Funds Trust Nils H. Hakansson Affirmative 95,036,768.152 Withhold 215,988.733 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc James L. Bailey Affirmative 1,536,575,209.898 Withhold 10,221,635.353 Total 1,546,796,845.251 Excelsior Funds, Inc. James L. Bailey Affirmative 1,740,391,054.231 Withhold 18,114,493.571 Total 1,758,505,547.802 Excelsior Funds Trust James L. Bailey Affirmative 95,043,383.542 Withhold 209,373.343 Total 95,252,756.885 Excelsior Tax-Exempt Funds, Inc Randall W. Merk Affirmative 1,536,585,670.736 Withhold 10,211,174.515 Total 1,546,796,845.251 Excelsior Funds, Inc. Randall W. Merk Affirmative 1,741,118,296.519 Withhold 17,387,251.283 Total 1,758,505,547.802 Excelsior Funds Trust Randall W. Merk Affirmative 95,042,996.014 Withhold 209,760.871 Total 95,252,756.885