EX-99.77C VOTES 3 q773c.txt PROXY VOTES NOTICE TO SHAREHOLDERS At a special meeting of shareholders on December 3, 2002, fund shareholders approved the following proposals: o ELECT TRUSTEES FOR THE FUND. The individuals listed in the table below were elected as trustees for the fund. All trustees served as trustees to the fund prior to the shareholder meeting.
-------------------------------- ----------------- -------------- ----------------- TRUSTEE FOR WITHHELD PERCENTAGE FOR -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- John J. Brennan 168,637,501.79 5,394,949.09 96.9% -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- Charles D. Ellis 168,694,922.82 5,337,528.06 96.9 -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- Rajiv L. Gupta 168,343,448.27 5,689,002.61 96.7 -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- JoAnn Heffernan Heisen 168,729,955.89 5,302,494.99 97.0 -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- Burton G. Malkiel 167,978,768.56 6,053,682.32 96.5 -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- Alfred M. Rankin, Jr. 168,668,095.05 5,364,355.83 96.9 -------------------------------- ----------------- -------------- ----------------- -------------------------------- ----------------- -------------- ----------------- J. Lawrence Wilson 168,089,433.04 5,943,017.84 96.6 -------------------------------- ----------------- -------------- -----------------
o CHANGE THE FUND'S POLICY ON INVESTING IN OTHER MUTUAL FUNDS. This change enables the fund to invest its cash reserves in specially created money market and short-term bond funds. This new cash management program, which is similar to those of other large mutual fund complexes, should help the fund to achieve greater diversification and to earn modestly higher returns on its cash reserves. The fund will need Securities and Exchange Commission approval before implementing this new cash management program. -------------- ------------- ------------ ------------- -------------- BROKER PERCENTAGE FOR AGAINST ABSTAIN NON-VOTES FOR -------------- ------------- ------------ ------------- -------------- -------------- ------------- ------------ ------------- -------------- 146,286,097.50 11,380,098.03 4,541,656.16 11,824,599.19 84.1% -------------- ------------- ------------ ------------- --------------