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: 811-5018

SMITH BARNEY INVESTMENT SERIES

(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: October 31

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

Item 1. Proxy Voting Record

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

ICA File Number: 811-05018
Reporting Period: 07/01/2003 - 06/30/2004
Smith Barney Investment Series









=========== SMITH BARNEY INVESTMENT SERIES - SB GOVERNMENT PORTFOLIO ===========




========== SMITH BARNEY INVESTMENT SERIES - SB GROWTH AND INCOME FUND ==========


ADC TELECOMMUNICATIONS, INC.

Ticker:       ADCT           Security ID:  000886101
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:  JAN 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert Annunziata         For       For        Management
1.2   Elect  Director John J. Boyle III         For       For        Management
1.3   Elect  Director Larry W. Wangberg         For       For        Management
1.4   Elect  Director Robert E. Switz           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management


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ALCOA INC.

Ticker:       AA             Security ID:  013817101
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J.P. Belda          For       For        Management
1.2   Elect  Director Carlos Ghosn              For       For        Management
1.3   Elect  Director Henry B. Schacht          For       For        Management
1.4   Elect  Director Franklin A. Thomas        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Report on Pay Disparity                   Against   Against    Shareholder
4     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote


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AMERICAN EXPRESS CO.

Ticker:       AXP            Security ID:  025816109
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Daniel F. Akerson         For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director William G. Bowen          For       For        Management
1.4   Elect  Director Ursula M. Burns           For       For        Management
1.5   Elect  Director Kenneth I. Chenault       For       For        Management
1.6   Elect  Director Peter R. Dolan            For       For        Management
1.7   Elect  Director Vernon E. Jordan, Jr.     For       For        Management
1.8   Elect  Director Jan Leschly               For       For        Management
1.9   Elect  Director Richard A. McGinn         For       For        Management
1.10  Elect  Director Edward D. Miller          For       For        Management
1.11  Elect  Director Frank P. Popoff           For       For        Management
1.12  Elect  Director Robert D. Walter          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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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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ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victor S. Liss            For       For        Management
1.2   Elect  Director James W. McDowell, Jr.    For       For        Management
1.3   Elect  Director George A. Schaefer, Jr.   For       For        Management
1.4   Elect  Director Jackie M. Ward            For       For        Management


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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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AVERY DENNISON CORP.

Ticker:       AVY            Security ID:  053611109
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Directors Philip M. Neal           For       For        Management
1.2   Elect  Directors Frank V. Cahouet         For       For        Management
1.3   Elect  Directors Peter W. Mullin          For       For        Management
1.4   Elect  Directors Bruce E. Karatz          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management


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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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BANK OF NEW YORK CO., INC., THE

Ticker:       BK             Security ID:  064057102
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank J. Biondi, Jr.      For       For        Management
1.2   Elect  Director Nicholas M. Donofrio      For       For        Management
1.3   Elect  Director Alan R. Griffith          For       For        Management
1.4   Elect  Director Gerald L. Hassell         For       For        Management
1.5   Elect  Director Richard J. Kogan          For       For        Management
1.6   Elect  Director Michael J. Kowalski       For       For        Management
1.7   Elect  Director John A. Luke, Jr.         For       For        Management
1.8   Elect  Director John C. Malone            For       For        Management
1.9   Elect  Director Paul Myners, CBE          For       For        Management
1.10  Elect  Director Robert C. Pozen           For       For        Management
1.11  Elect  Director Catherine A. Rein         For       For        Management
1.12  Elect  Director Thomas A. Renyi           For       For        Management
1.13  Elect  Director William C. Richardson     For       For        Management
1.14  Elect  Director Brian L. Roberts          For       For        Management
1.15  Elect  Director Samuel C. Scott III       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Report on Political Contributions         Against   Against    Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Limit Composition of Committee to         Against   Against    Shareholder
      Independent Directors
7     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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BANK ONE CORP.

Ticker:       ONE            Security ID:  06423A103
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director John H. Bryan             For       For        Management
2.2   Elect  Director Stephen B. Burke          For       For        Management
2.3   Elect  Director James S. Crown            For       For        Management
2.4   Elect  Director James Dimon               For       For        Management
2.5   Elect  Director Maureen A. Fay            For       For        Management
2.6   Elect  Director Laban P. Jackson, Jr.     For       For        Management
2.7   Elect  Director John W. Kessler           For       For        Management
2.8   Elect  Director Robert I. Lipp            For       For        Management
2.9   Elect  Director Richard A. Manoogian      For       For        Management
2.10  Elect  Director David C. Novak            For       For        Management
2.11  Elect  Director John W. Rogers, Jr.       For       For        Management
2.12  Elect  Director Frederick P. Stratton,    For       For        Management
      Jr.
3     Ratify Auditors                           For       For        Management


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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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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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BEST BUY CO., INC.

Ticker:       BBY            Security ID:  086516101
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Bradbury H. Anderson      For       For        Management
1.2   Elect  Director K.J. Higgins Victor       For       For        Management
1.3   Elect  Director Allen U. Lenzmeier        For       For        Management
1.4   Elect  Director Frank D. Trestman         For       For        Management
1.5   Elect  Director James C. Wetherbe         For       For        Management
1.6   Elect  Director Ronald James              For       For        Management
1.7   Elect  Director Matthew H. Paull          For       For        Management
1.8   Elect  Director Mary A. Tolan             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


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BIOGEN IDEC INC

Ticker:       BIIB           Security ID:  449370105
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

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


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BMC SOFTWARE, INC.

Ticker:       BMC            Security ID:  055921
Meeting Date: AUG 21, 2003   Meeting Type: Annual
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL TO RATIFY THE BOARD S            For       For        Management
      APPOINTMENT OF ERNST & YOUNG LLP AS
      INDEPENDENT AUDITORS OF THE COMPANY FOR
      FISCAL YEAR ENDING MARCH 31, 2004.


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BOEING CO., THE

Ticker:       BA             Security ID:  097023105
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John H. Biggs             For       For        Management
1.2   Elect  Director John E. Bryson            For       For        Management
1.3   Elect  Director Linda Z. Cook             For       For        Management
1.4   Elect  Director Rozanne L. Ridgway        For       For        Management
2     Reduce Supermajority Vote Requirement     For       For        Management
3     Ratify Auditors                           For       For        Management
4     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts
5     Adopt Amended Workplace Code of Conduct   Against   Against    Shareholder
6     Declassify the Board of Directors         Against   For        Shareholder
7     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter
8     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
9     Adopt a Policy that will Commit Executive Against   Against    Shareholder
      & Directors to Hold at least 75% of their
      Shares
10    Provide Employees Choice of Pension Plans Against   Against    Shareholder
      at Retirement or Termination


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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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CANADIAN NATIONAL RAILWAY CO.

Ticker:       CNR.           Security ID:  136375102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael R. Armellino      For       For        Management
1.2   Elect  Director A. Charles Baillie        For       For        Management
1.3   Elect  Director Hugh J. Bolton            For       For        Management
1.4   Elect  Director Purdy Crawford            For       For        Management
1.5   Elect  Director J.V. Raymond Cyr          For       For        Management
1.6   Elect  Director Gordon D. Giffin          For       For        Management
1.7   Elect  Director James K. Gray             For       For        Management
1.8   Elect  Director E. Hunter Harrison        For       For        Management
1.9   Elect  Director Edith E. Holiday          For       For        Management
1.10  Elect  Director V.M. Kempston Darkes      For       For        Management
1.11  Elect  Director Gilbert H. Lamphere       For       For        Management
1.12  Elect  Director Denis Losier              For       For        Management
1.13  Elect  Director Edward C. Lumley          For       For        Management
1.14  Elect  Director David G.A. Mclean         For       For        Management
1.15  Elect  Director Robert Pace               For       For        Management
2     Ratify Auditors                           For       For        Management


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CHEVRONTEXACO CORP.

Ticker:       CVX            Security ID:  166764100
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Samuel H. Armacost        For       For        Management
1.2   Elect  Director Robert E. Denham          For       For        Management
1.3   Elect  Director Robert J. Eaton           For       For        Management
1.4   Elect  Director Sam Ginn                  For       For        Management
1.5   Elect  Director Carla Anderson Hills      For       For        Management
1.6   Elect  Director Franklyn G. Jenifer       For       For        Management
1.7   Elect  Director J. Bennett Johnston       For       For        Management
1.8   Elect  Director Sam Nunn                  For       For        Management
1.9   Elect  Director David J. O'Reilly         For       For        Management
1.10  Elect  Director Peter J. Robertson        For       For        Management
1.11  Elect  Director Charles R. Shoemate       For       For        Management
1.12  Elect  Director Carl Ware                 For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt Shareholder Rights Plan (Poison     For       For        Management
      Pill) Policy
4     Amend Omnibus Stock Plan                  For       For        Management
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors
8     Report on Health and Environmental        Against   Against    Shareholder
      Initiatives in Ecuador
9     Report on Renewable Energy                Against   Against    Shareholder


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CHUBB CORP., THE

Ticker:       CB             Security ID:  171232101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Zoe Baird                 For       For        Management
1.2   Elect  Director Sheila P. Burke           For       For        Management
1.3   Elect  Director James I. Cash, Jr.        For       For        Management
1.4   Elect  Director Joel J. Cohen             For       For        Management
1.5   Elect  Director James M. Cornelius        For       For        Management
1.6   Elect  Director John D. Finnegan          For       For        Management
1.7   Elect  Director David H. Hoag             For       For        Management
1.8   Elect  Director Klaus J. Mangold          For       For        Management
1.9   Elect  Director Sir David G. Scholey, CBE For       For        Management
1.10  Elect  Director Raymond G. H. Seitz       For       For        Management
1.11  Elect  Director Lawrence M. Small         For       For        Management
1.12  Elect  Director Daniel E. Somers          For       For        Management
1.13  Elect  Director Karen Hastie Williams     For       For        Management
1.14  Elect  Director James M. Zimmerman        For       For        Management
1.15  Elect  Director Alfred W. Zollar          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDMENT AND RESTATEMENT   For       For        Management
      OF THE EMPLOYEE STOCK PURCHASE PLAN,
      INCLUDING AN INCREASE OF 100,000,000
      SHARES AUTHORIZED FOR ISSUANCE UNDER THE
      PLAN AND A 5-YEAR EXTENSION OF THE PLAN,
      AS MORE FULLY SET FORTH IN THE
      ACCOMPANYING PROXY STATEMENT
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS CISCO S
      INDEPENDENT AUDITORS FOR THE FISCAL YEAR
      ENDING JULY 31, 2004.
04    PROPOSAL SUBMITTED BY A SHAREHOLDER THAT  Against   Against    Shareholder
      THE BOARD PREPARE A REPORT EACH FISCAL
      YEAR ON CISCO HARDWARE AND SOFTWARE
      PROVIDED TO GOVERNMENT AGENCIES AND
      STATE-OWNED COMMUNICATIONS OR INFORMATION
      TECHNOLOGY ENTITIES IN ANY COUNTRY, AS
      MORE FULLY SET FORTH I
05    PROPOSAL SUBMITTED BY SHAREHOLDERS THAT   Against   Against    Shareholder
      THE BOARD S COMPENSATION COMMITTEE
      PREPARE AND MAKE AVAILABLE BY JANUARY 1,
      2004, A REPORT COMPARING TOTAL
      COMPENSATION OF THE COMPANY S TOP
      EXECUTIVES AND ITS LOWEST PAID WORKERS IN
      THE U.S. AND ABROAD AS OF SPECIF


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CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carol A. Bartz             For       Did Not    Management
                                                          Vote
1.2   Elect Director Larry R. Carter            For       Did Not    Management
                                                          Vote
1.3   Elect Director John T. Chambers           For       Did Not    Management
                                                          Vote
1.4   Elect Director Dr. James F. Gibbons       For       Did Not    Management
                                                          Vote
1.5   Elect Director Dr. John L. Hennessy       For       Did Not    Management
                                                          Vote
1.6   Elect Director Roderick C. McGeary        For       Did Not    Management
                                                          Vote
1.7   Elect Director James C. Morgan            For       Did Not    Management
                                                          Vote
1.8   Elect Director John P. Morgridge          For       Did Not    Management
                                                          Vote
1.9   Elect Director Donald T. Valentine        For       Did Not    Management
                                                          Vote
1.10  Elect Director Steven M. West             For       Did Not    Management
                                                          Vote
1.11  Elect Director Jerry Yang                 For       Did Not    Management
                                                          Vote
2     Amend Employee Stock Purchase Plan        For       Did Not    Management
                                                          Vote
3     Ratify Auditors                           For       Did Not    Management
                                                          Vote
4     Report on Company Products Used by the    Against   Did Not    Shareholder
      Government to Monitor the Internet                  Vote
5     Report on Pay Disparity                   Against   Did Not    Shareholder
                                                          Vote


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

COMCAST CORP.

Ticker:       CMCSA          Security ID:  20030N101
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director S. Decker Anstrom         For       For        Management
1.2   Elect  Director C. Michael Armstrong      For       For        Management
1.3   Elect  Director Kenneth J. Bacon          For       For        Management
1.4   Elect  Director Sheldon M. Bonovitz       For       For        Management
1.5   Elect  Director Julian A. Brodsky         For       For        Management
1.6   Elect  Director Joseph L. Castle, II      For       For        Management
1.7   Elect  Director J. Michael Cook           For       For        Management
1.8   Elect  Director Brian L. Roberts          For       For        Management
1.9   Elect  Director Ralph J. Roberts          For       For        Management
1.10  Elect  Director Dr. Judith Rodin          For       For        Management
1.11  Elect  Director Michael I. Sovern         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Restricted Stock Plan               For       For        Management
4     Amend Articles/Bylaws/Charter-Non-Routine For       For        Management
5     Require Two-Thirds Majority of            Against   For        Shareholder
      Independent Directors on Board
6     Political Contributions/Activities        Against   Against    Shareholder
7     Nominate Two Directors for every open     Against   Against    Shareholder
      Directorships
8     Limit Executive Compensation              Against   Against    Shareholder
9     Adopt a Recapitalization Plan             Against   For        Shareholder


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

COMERICA INC.

Ticker:       CMA            Security ID:  200340107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ralph W. Babb, Jr.        For       For        Management
1.2   Elect  Director James F. Cordes           For       For        Management
1.3   Elect  Director Peter D. Cummings         For       For        Management
1.4   Elect  Director Todd W. Herrick           For       For        Management
1.5   Elect  Director William P. Vititoe        For       For        Management
1.6   Elect  Director Kenneth L. Way            For       For        Management
2     Approve Employee Stock Purchase Plan      For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management


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

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.


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

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


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

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.


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

DELL COMPUTER CORPORATION

Ticker:       DELL           Security ID:  247025
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    ELIMINATION OF CLASSIFIED BOARD           For       For        Management
03    CHANGE OF COMPANY NAME TO  DELL INC.      For       For        Management
04    APPROVAL OF EXECUTIVE ANNUAL INCENTIVE    For       For        Management
      BONUS PLAN


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

EATON CORP.

Ticker:       ETN            Security ID:  278058102
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Critelli       For       For        Management
1.2   Elect  Director Ernie Green               For       For        Management
1.3   Elect  Director Kiran M. Patel            For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

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


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

ESTEE LAUDER COMPANIES INC., THE

Ticker:       EL             Security ID:  518439104
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Irvine O. Hockaday, Jr.    For       Did Not    Management
                                                          Vote
1.2   Elect Director Fred H. Langhammer         For       Did Not    Management
                                                          Vote
1.3   Elect Director Rose Marie Bravo           For       Did Not    Management
                                                          Vote
2     Approve Executive Incentive Bonus Plan    For       Did Not    Management
                                                          Vote
3     Ratify Auditors                           For       Did Not    Management
                                                          Vote


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

EXXON MOBIL CORP.

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Boskin         For       For        Management
1.2   Elect  Director James R. Houghton         For       For        Management
1.3   Elect  Director William R. Howell         For       For        Management
1.4   Elect  Director Reatha Clark King         For       For        Management
1.5   Elect  Director Philip E. Lippincott      For       For        Management
1.6   Elect  Director Harry J. Longwell         For       For        Management
1.7   Elect  Director Henry A. McKinnell, Jr.   For       For        Management
1.8   Elect  Director Marilyn Carlson Nelson    For       For        Management
1.9   Elect  Director Lee R. Raymond            For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director Rex W. Tillerson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Restricted  For       For        Management
      Stock Plan
4     Affirm Political Nonpartisanship          Against   Against    Shareholder
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
6     Report on Equatorial Guinea               Against   Against    Shareholder
7     Separate Chairman and CEO Positions       Against   Against    Shareholder
8     Prohibit Awards to Executives             Against   Against    Shareholder
9     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
10    Amend EEO Statement to Include Reference  Against   For        Shareholder
      to Sexual Orientation
11    Report on Climate Change Research         Against   Against    Shareholder


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

FIFTH THIRD BANCORP

Ticker:       FITB           Security ID:  316773100
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darryl F. Allen           For       For        Management
1.2   Elect  Director Allen M. Hill             For       For        Management
1.3   Elect  Director Dr Mitchel D Livingston   For       For        Management
1.4   Elect  Director Hendrik G. Meijer         For       For        Management
1.5   Elect  Director James E. Rogers           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adopt Sexual Orientation                  None      For        Shareholder
      Non-Discrimination Policy


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

FIRSTENERGY CORPORATION

Ticker:       FE             Security ID:  337932107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Paul T. Addison           For       For        Management
1.2   Elect  Director Ernest J. Novak, Jr.      For       For        Management
1.3   Elect  Director John M. Pietruski         For       For        Management
1.4   Elect  Director Catherine A. Rein         For       For        Management
1.5   Elect  Director Robert C. Savage          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Reduce Supermajority Vote Requirement     For       For        Management
5     Approve Deferred Compensation Plan        For       For        Management
6     Approve Deferred Compensation Plan        For       For        Management
7     Expense Stock Options                     Against   For        Shareholder
8     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
9     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
10    Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote


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

FLEETBOSTON FINANCIAL CORP.

Ticker:       FLT            Security ID:  339030108
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     Adjourn Meeting                           For       For        Management


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

FREDDIE MAC

Ticker:       FRE            Security ID:  313400301
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Joan E. Donoghue          For       For        Management
1.2   Elect  Director Michelle Engler           For       For        Management
1.3   Elect  Director Richard Karl Goeltz       For       For        Management
1.4   Elect  Director George D. Gould           For       For        Management
1.5   Elect  Director Henry Kaufman             For       For        Management
1.6   Elect  Director John B. Mccoy             For       Withhold   Management
1.7   Elect  Director Shaun F. O'Malley         For       For        Management
1.8   Elect  Director Ronald F. Poe             For       Withhold   Management
1.9   Elect  Director Stephen A. Ross           For       For        Management
1.10  Elect  Director Donald J. Schuenke        For       Withhold   Management
1.11  Elect  Director Christina Seix            For       For        Management
1.12  Elect  Director Richard F. Syron          For       For        Management
1.13  Elect  Director William J. Turner         For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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

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   For        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


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

GLOBAL SANTA FE CORP.(FORMERLY SANTA FE INTERNATIONAL CORP)

Ticker:       GSF            Security ID:  G3930E101
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ferdinand A. Berger       For       For        Management
1.2   Elect  Director Khaled R. Al-Haroon       For       For        Management
1.3   Elect  Director Edward R. Muller          For       For        Management
1.4   Elect  Director Paul J. Powers            For       For        Management
1.5   Elect  Director John L. Whitmire          For       For        Management
2     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      PERMIT TELEPHONIC AND INTERNET VOTING BY
      RECORD SHAREHOLDERS.
3     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      REMOVE THE LANGUAGE  NO SHARE OWNERSHIP
      QUALIFICATION FOR DIRECTORS SHALL BE
      REQUIRED.
4     PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE
      INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
      OF THE COMPANY AND ITS SUBSIDIARIES FOR
      THE YEAR ENDING DECEMBER 31, 2004.


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

GOLDMAN SACHS GROUP, INC., THE

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lloyd C. Blankfein        For       For        Management
1.2   Elect  Director Lord Browne Of Madingley  For       For        Management
1.3   Elect  Director Claes Dahlback            For       For        Management
1.4   Elect  Director James A. Johnson          For       For        Management
1.5   Elect  Director Lois D. Juliber           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

GUIDANT CORP.

Ticker:       GDT            Security ID:  401698105
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Maurice A. Cox, Jr.       For       For        Management
1.2   Elect  Director Nancy-Ann Min DeParle     For       For        Management
1.3   Elect  Director Ronald W. Dollens         For       For        Management
1.4   Elect  Director Enrique C. Falla          For       For        Management
1.5   Elect  Director Kristina M. Johnson,      For       For        Management
      Ph.D.
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder


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

HEWLETT-PACKARD CO.

Ticker:       HPQ            Security ID:  428236103
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L.T. Babbio, Jr.          For       For        Management
1.2   Elect  Director P.C. Dunn                 For       For        Management
1.3   Elect  Director C.S. Fiorina              For       For        Management
1.4   Elect  Director R.A. Hackborn             For       For        Management
1.5   Elect  Director G.A. Keyworth II          For       For        Management
1.6   Elect  Director R.E. Knowling, Jr.        For       For        Management
1.7   Elect  Director S.M. Litvack              For       Withhold   Management
1.8   Elect  Director R.L. Ryan                 For       For        Management
1.9   Elect  Director L.S. Salhany              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder


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

HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gregory D. Brenneman      For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director John L. Clendenin         For       For        Management
1.4   Elect  Director Berry R. Cox              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Milledge A. Hart, III     For       For        Management
1.7   Elect  Director Bonnie G. Hill            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Robert L. Nardelli        For       For        Management
1.10  Elect  Director Roger S. Penske           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Performance- Based/Indexed Options        Against   Against    Shareholder
6     Adopt ILO Based Code of Conduct           Against   Against    Shareholder
7     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
8     Require Affirmative Vote of the Majority  Against   Against    Shareholder
      of the Shares to Elect Directors


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

HONEYWELL INTERNATIONAL, INC.

Ticker:       HON            Security ID:  438516106
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James J. Howard           For       Withhold   Management
1.2   Elect  Director Bruce Karatz              For       Withhold   Management
1.3   Elect  Director Russell E. Palmer         For       Withhold   Management
1.4   Elect  Director Ivan G. Seidenberg        For       Withhold   Management
1.5   Elect  Director Eric K. Shinseki          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder
4     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter
5     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
6     Report on Pay Disparity                   Against   Against    Shareholder
7     Provide for Cumulative Voting             Against   For        Shareholder


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

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


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

IDEC PHARMACEUTICALS CORPORATION

Ticker:       IDPH           Security ID:  449370
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    PROPOSAL TO APPROVE THE ISSUANCE OF       For       For        Management
      SHARES OF IDEC PHARMACEUTICALS
      CORPORATION COMMON STOCK UNDER THE
      AGREEMENT AND PLAN OF MERGER, DATED AS OF
      JUNE 20, 2003, BY AND AMONG IDEC, BRIDGES
      MERGER CORPORATION AND BIOGEN, INC.
02    PROPOSAL TO AMEND IDEC PHARMACEUTICAL     For       For        Management
      CORPORATION S CERTIFICATE OF
      INCORPORATION TO INCREASE THE AUTHORIZED
      SHARES OF COMMON STOCK FROM 500,000,000
      TO 1,000,000,000 AND TO CHANGE THE NAME
      OF THE CORPORATION TO BIOGEN IDEC INC.,
      EFFECTIVE UPON COMPLETION O
03    PROPOSAL TO APPROVE THE 2003 OMNIBUS      For       For        Management
      EQUITY PLAN, EFFECTIVE UPON COMPLETION OF
      THE MERGER.
04    PROPOSAL TO APPROVE THE PERFORMANCE BASED For       For        Management
      MANAGEMENT INCENTIVE PLAN, EFFECTIVE UPON
      COMPLETION OF THE MERGER.
05    PROPOSAL TO ADJOURN THE SPECIAL MEETING,  For       For        Management
      IF NECESSARY, TO SOLICIT ADDITIONAL
      PROXIES IF THERE ARE NOT SUFFICIENT VOTES
      IN FAVOR OF THE FOREGOING PROPOSALS.


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

INFINEON TECHNOLOGIES AG

Ticker:       IFX            Security ID:  45662N
Meeting Date: JAN 20, 2004   Meeting Type: Annual
Record Date:  DEC 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
02    APPROVAL OF THE ACTS OF THE MANAGING      For       For        Management
      BOARD
03    APPROVAL OF THE ACTS OF THE SUPERVISORY   For       For        Management
      BOARD
04    APPOINTMENT OF AUDITORS                   For       For        Management
05    INCREASE OF AUTHORIZED CAPITAL I/2002     For       For        Management
06    AUTHORIZED CAPITAL II/2004 FOR ISSUE TO   For       For        Management
      EMPLOYEES
07    OPENING UP OF CONDITIONAL CAPITAL II/2002 For       For        Management


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

INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Craig R. Barrett          For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director E. John P. Browne         For       For        Management
1.4   Elect  Director Andrew S. Grove           For       For        Management
1.5   Elect  Director D. James Guzy             For       For        Management
1.6   Elect  Director Reed E. Hundt             For       For        Management
1.7   Elect  Director Paul S. Otellini          For       For        Management
1.8   Elect  Director David S. Pottruck         For       For        Management
1.9   Elect  Director Jane E. Shaw              For       For        Management
1.10  Elect  Director John L. Thornton          For       For        Management
1.11  Elect  Director David B. Yoffie           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit/Prohibit Awards to Executives       Against   Against    Shareholder
6     Performance- Based/Indexed Options        Against   Against    Shareholder


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

INTERNATIONAL PAPER CO.

Ticker:       IP             Security ID:  460146103
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Martha F. Brooks          For       For        Management
1.2   Elect  Director James A. Henderson        For       For        Management
1.3   Elect  Director Robert D. Kennedy         For       For        Management
1.4   Elect  Director W. Craig McClelland       For       Withhold   Management
1.5   Elect  Director Robert M. Amen            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Omnibus Stock Plan                  For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

ISTAR FINANCIAL INC.

Ticker:       SFI            Security ID:  45031U101
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jay Sugarman              For       For        Management
1.2   Elect  Director Willis Andersen, Jr.      For       For        Management
1.3   Elect  Director Robert W. Holman, Jr.     For       For        Management
1.4   Elect  Director Robin Josephs             For       For        Management
1.5   Elect  Director John G. McDonald          For       For        Management
1.6   Elect  Director George R. Puskar          For       For        Management
1.7   Elect  Director Jeffrey A. Weber          For       For        Management
2     Amend Deferred Compensation Plan          For       For        Management
3     Amend Omnibus Stock Plan                  For       Against    Management
4     Ratify Auditors                           For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gerard N. Burrow          For       For        Management
1.2   Elect  Director Mary S. Coleman           For       For        Management
1.3   Elect  Director James G. Cullen           For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director M. Judah Folkman          For       For        Management
1.6   Elect  Director Ann D. Jordan             For       For        Management
1.7   Elect  Director Arnold G. Langbo          For       For        Management
1.8   Elect  Director Susan L. Lindquist        For       For        Management
1.9   Elect  Director Leo F. Mullin             For       For        Management
1.10  Elect  Director Steven S Reinemund        For       For        Management
1.11  Elect  Director David Satcher             For       For        Management
1.12  Elect  Director Henry B. Schacht          For       For        Management
1.13  Elect  Director William C. Weldon         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Cease Charitable Contributions            Against   Against    Shareholder


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director Hans W. Becherer          For       For        Management
2.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
2.3   Elect  Director John H. Biggs             For       For        Management
2.4   Elect  Director Lawrence A. Bossidy       For       For        Management
2.5   Elect  Director Ellen V. Futter           For       For        Management
2.6   Elect  Director William H. Gray, III      For       For        Management
2.7   Elect  Director William B. Harrison, Jr   For       For        Management
2.8   Elect  Director Helene L. Kaplan          For       For        Management
2.9   Elect  Director Lee R. Raymond            For       For        Management
2.10  Elect  Director John R. Stafford          For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management
5     Adjourn Meeting                           For       For        Management
6     Establish Term Limits for Directors       Against   Against    Shareholder
7     Charitable Contributions                  Against   Against    Shareholder
8     Political Contributions                   Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   For        Shareholder
10    Provide Adequate Disclosure for over the  Against   Against    Shareholder
      counter Derivatives
11    Auditor Independence                      Against   Against    Shareholder
12    Submit Non-Employee Director Compensation Against   Against    Shareholder
      to Vote
13    Report on Pay Disparity                   Against   Against    Shareholder


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

KELLOGG CO.

Ticker:       K              Security ID:  487836108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Benjamin S. Carson, Sr.   For       For        Management
1.2   Elect  Director Gordon Gund               For       For        Management
1.3   Elect  Director Dorothy A. Johnson        For       For        Management
1.4   Elect  Director Ann Mclaughlin Korologos  For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)


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

KIMBERLY-CLARK CORP.

Ticker:       KMB            Security ID:  494368103
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pastora San Juan Cafferty For       For        Management
1.2   Elect  Director Claudio X. Gonzalez       For       For        Management
1.3   Elect  Director Linda Johnson Rice        For       For        Management
1.4   Elect  Director Marc J. Shapiro           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

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


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

LOCKHEED MARTIN CORP.

Ticker:       LMT            Security ID:  539830109
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director E.C. 'Pete' Aldridge, Jr. For       For        Management
1.2   Elect  Director Nolan D. Archibald        For       For        Management
1.3   Elect  Director Norman R. Augustine       For       Withhold   Management
1.4   Elect  Director Marcus C. Bennett         For       For        Management
1.5   Elect  Director Vance D. Coffman          For       For        Management
1.6   Elect  Director Gwendolyn S. King         For       For        Management
1.7   Elect  Director Douglas H. McCorkindale   For       For        Management
1.8   Elect  Director Eugene F. Murphy          For       For        Management
1.9   Elect  Director Joseph W. Ralston         For       Withhold   Management
1.10  Elect  Director Frank Savage              For       For        Management
1.11  Elect  Director Anne Stevens              For       For        Management
1.12  Elect  Director Robert J. Stevens         For       For        Management
1.13  Elect  Director James R. Ukropina         For       For        Management
1.14  Elect  Director Douglas C. Yearley        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services
6     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts


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

MATTEL, INC.

Ticker:       MAT            Security ID:  577081102
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Eugene P. Beard           For       For        Management
1.2   Elect  Director Michael J. Dolan          For       For        Management
1.3   Elect  Director Robert A. Eckert          For       For        Management
1.4   Elect  Director Tully M. Friedman         For       For        Management
1.5   Elect  Director Ronald M. Loeb            For       For        Management
1.6   Elect  Director Andrea L. Rich            For       For        Management
1.7   Elect  Director Ronald L. Sargent         For       For        Management
1.8   Elect  Director Christopher A. Sinclair   For       For        Management
1.9   Elect  Director G. Craig Sullivan         For       For        Management
1.10  Elect  Director John L. Vogelstein        For       For        Management
1.11  Elect  Director Kathy Brittain White      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Awards to Executives                Against   Against    Shareholder
4     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services


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

MBNA CORP.

Ticker:       KRB            Security ID:  55262L100
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  FEB 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James H. Berick           For       For        Management
1.2   Elect  Director Benjamin R. Civiletti     For       For        Management
1.3   Elect  Director Bruce L. Hammonds         For       For        Management
1.4   Elect  Director William L. Jews           For       For        Management
1.5   Elect  Director Randolph D. Lerner        For       For        Management
1.6   Elect  Director Stuart L. Markowitz       For       For        Management
1.7   Elect  Director William B. Milstead       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder
4     Require Majority of Independent Directors Against   For        Shareholder
      on Board


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

MCDONALD'S CORP.

Ticker:       MCD            Security ID:  580135101
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward A. Brennan         For       For        Management
1.2   Elect  Director Walter E. Massey          For       For        Management
1.3   Elect  Director John W. Rogers, Jr.       For       For        Management
1.4   Elect  Director Anne-Marie Slaughter      For       For        Management
1.5   Elect  Director Roger W. Stone            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve/Amend Executive Incentive Bonus   For       For        Management
      Plan


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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K. Newbigging       For       For        Management
1.2   Elect  Director Joseph W. Prueher         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Gates, III      For       Did Not    Management
                                                          Vote
1.2   Elect Director Steven A. Ballmer          For       Did Not    Management
                                                          Vote
1.3   Elect Director James I. Cash, Jr., Ph.D.  For       Did Not    Management
                                                          Vote
1.4   Elect Director Raymond V. Gilmartin       For       Did Not    Management
                                                          Vote
1.5   Elect Director Ann McLaughlin Korologos   For       Did Not    Management
                                                          Vote
1.6   Elect Director David F. Marquardt         For       Did Not    Management
                                                          Vote
1.7   Elect Director Charles H. Noski           For       Did Not    Management
                                                          Vote
1.8   Elect Director Dr. Helmut Panke           For       Did Not    Management
                                                          Vote
1.9   Elect Director Wm. G. Reed, Jr.           For       Did Not    Management
                                                          Vote
1.10  Elect Director Jon A. Shirley             For       Did Not    Management
                                                          Vote
2     Amend Omnibus Stock Plan                  For       Did Not    Management
                                                          Vote
3     Amend Non-Employee Director Stock Option  For       Did Not    Management
      Plan                                                Vote
4     Refrain from Giving Charitable            Against   Did Not    Shareholder
      Contributions                                       Vote


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  WILLIAM H. GATES III                      For       For        Management
01.2  STEVEN A. BALLMER                         For       For        Management
01.3  JAMES I. CASH JR.                         For       For        Management
01.4  RAYMOND V. GILMARTIN                      For       For        Management
01.5  A. MCLAUGHLIN KOROLOGOS                   For       For        Management
01.6  DAVID F. MARQUARDT                        For       For        Management
01.7  CHARLES H. NOSKI                          For       For        Management
01.8  HELMUT PANKE                              For       For        Management
01.9  WM. G. REED JR.                           For       For        Management
01.10 JON A. SHIRLEY                            For       Withheld   Management
02    ADOPTION OF THE AMENDMENTS TO THE 2001    For       For        Management
      STOCK PLAN
03    ADOPTION OF THE AMENDMENTS TO THE 1999    For       For        Management
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS
04    SHAREHOLDER PROPOSAL (THE BOARD           Against   Against    Shareholder
      RECOMMENDS A VOTE  AGAINST THIS PROPOSAL)


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

MOTOROLA, INC.

Ticker:       MOT            Security ID:  620076109
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward Zander             For       For        Management
1.2   Elect  Director H. Laurence Fuller        For       For        Management
1.3   Elect  Director Judy Lewent               For       For        Management
1.4   Elect  Director Walter Massey             For       For        Management
1.5   Elect  Director Nicholas Negroponte       For       For        Management
1.6   Elect  Director Indra Nooyi               For       For        Management
1.7   Elect  Director John Pepper, Jr.          For       For        Management
1.8   Elect  Director Samuel Scott III          For       For        Management
1.9   Elect  Director Douglas Warner III        For       For        Management
1.10  Elect  Director John White                For       For        Management
1.11  Elect  Director Mike Zafirovski           For       For        Management
2     Limit Executive Compensation              Against   Against    Shareholder
3     Limit Awards to Executives                Against   Against    Shareholder


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

MYLAN LABORATORIES INC.

Ticker:       MYL            Security ID:  628530
Meeting Date: JUL 25, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVE AN INCREASE IN THE NUMBER OF      For       For        Management
      AUTHORIZED SHARES OF THE COMPANY S COMMON
      STOCK TO 600,000,000 SHARES.
03    ADOPT THE MYLAN LABORATORIES INC. 2003    For       For        Management
      LONG-TERM INCENTIVE PLAN.


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

NAVISTAR INTERNATIONAL CORP.

Ticker:       NAV            Security ID:  63934E108
Meeting Date: FEB 17, 2004   Meeting Type: Annual
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael N. Hammes         For       For        Management
1.2   Elect  Director James H. Keyes            For       For        Management
1.3   Elect  Director Southwood J. Morcott      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


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

NEWELL RUBBERMAID INC.

Ticker:       NWL            Security ID:  651229106
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Scott S. Cowen            For       For        Management
1.2   Elect  Director Cynthia A. Montgomery     For       For        Management
1.3   Elect  Director Allan P. Newell           For       For        Management
1.4   Elect  Director Gordon R. Sullivan        For       For        Management
2     Ratify Auditors                           For       For        Management


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

NISOURCE INC.

Ticker:       NI             Security ID:  65473P105
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Steven C. Beering         For       For        Management
1.2   Elect  Director Dennis E. Foster          For       For        Management
1.3   Elect  Director Richard L. Thompson       For       For        Management
1.4   Elect  Director Carolyn Y. Woo            For       For        Management
2     Ratify Auditors                           For       For        Management


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

ORACLE CORPORATION

Ticker:       ORCL           Security ID:  68389X
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL FOR THE APPROVAL OF THE ADOPTION For       For        Management
      OF THE FISCAL YEAR 2004 EXECUTIVE BONUS
      PLAN
03    PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      ERNST & YOUNG LLP AS INDEPENDENT AUDITORS
      OF THE COMPANY FOR THE FISCAL YEAR ENDING
      MAY 31, 2004
04    PROPOSAL FOR THE APPROVAL OF THE AMENDED  For       For        Management
      AND RESTATED 1993 DIRECTORS  STOCK PLAN
05    PROPOSAL TO ADOPT THE  CHINA BUSINESS     Against   Against    Shareholder
      PRINCIPLES FOR RIGHTS OF WORKERS IN CHINA


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326
Meeting Date: OCT 2, 2003    Meeting Type: Annual
Record Date:  AUG 4, 2003

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


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

PEPSICO, INC.

Ticker:       PEP            Security ID:  713448108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John F. Akers             For       For        Management
1.2   Elect  Director Robert E. Allen           For       For        Management
1.3   Elect  Director Ray L. Hunt               For       For        Management
1.4   Elect  Director Arthur C. Martinez        For       For        Management
1.5   Elect  Director Indra K. Nooyi            For       For        Management
1.6   Elect  Director Franklin D. Raines        For       For        Management
1.7   Elect  Director Steven S. Reinemund       For       For        Management
1.8   Elect  Director Sharon Percy Rockefeller  For       For        Management
1.9   Elect  Director James J. Schiro           For       For        Management
1.10  Elect  Director Franklin A. Thomas        For       For        Management
1.11  Elect  Director Cynthia M. Trudell        For       For        Management
1.12  Elect  Director Solomon D. Trujillo       For       For        Management
1.13  Elect  Director Daniel Vasella            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       For        Management
1.2   Elect  Director M. Anthony Burns          For       For        Management
1.3   Elect  Director Robert N. Burt            For       For        Management
1.4   Elect  Director W. Don Cornwell           For       For        Management
1.5   Elect  Director William H. Gray III       For       For        Management
1.6   Elect  Director Constance J. Horner       For       For        Management
1.7   Elect  Director William R. Howell         For       For        Management
1.8   Elect  Director Stanley O. Ikenberry      For       For        Management
1.9   Elect  Director George A. Lorch           For       For        Management
1.10  Elect  Director Henry A. Mckinnell        For       For        Management
1.11  Elect  Director Dana G. Mead              For       For        Management
1.12  Elect  Director Franklin D. Raines        For       For        Management
1.13  Elect  Director Ruth J. Simmons           For       For        Management
1.14  Elect  Director William C. Steere, Jr.    For       For        Management
1.15  Elect  Director Jean-Paul Valles          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Against    Shareholder
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Against    Shareholder


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

SCHERING-PLOUGH CORP.

Ticker:       SGP            Security ID:  806605101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Fred Hassan               For       For        Management
1.2   Elect  Director Philip Leder, M.D.        For       For        Management
1.3   Elect  Director Eugene R. McGrath         For       For        Management
1.4   Elect  Director Richard de J. Osborne     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management


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

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


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

THE ESTEE LAUDER COMPANIES INC.

Ticker:       EL             Security ID:  518439
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF THE EXECUTIVE ANNUAL          For       For        Management
      INCENTIVE PLAN.
03    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       For        Management
      AS INDEPENDENT AUDITORS FOR THE 2004
      FISCAL YEAR.


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

THE PROCTER & GAMBLE COMPANY

Ticker:       PG             Security ID:  742718
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    RATIFY APPOINTMENT OF INDEPENDENT         For       For        Management
      AUDITORS
03    APPROVE THE PROCTER & GAMBLE 2003         For       For        Management
      NON-EMPLOYEE DIRECTORS  STOCK PLAN
04    SHAREHOLDER PROPOSAL NO. 1 BOARD OF       Against   Against    Shareholder
      DIRECTORS  TERMS
05    SHAREHOLDER PROPOSAL NO. 2 LABEL          Against   Against    Shareholder
      GENETICALLY ENGINEERED FOODS


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

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Mackey J. Mcdonald        For       For        Management
1.8   Elect  Director H. Carl Mccall            For       For        Management
1.9   Elect  Director Brendan R. O'Neill        For       For        Management
1.10  Elect  Director Sandra S. Wijnberg        For       For        Management
1.11  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management
3     ADOPTION OF THE AMENDED AND RESTATED      For       For        Management
      BYE-LAWS.
4     APPROVAL OF TYCO 2004 STOCK AND INCENTIVE For       For        Management
      PLAN.
5     SHAREHOLDER PROPOSAL REGARDING            For       For        Shareholder
      ENVIRONMENTAL REPORTING.
6     SHAREHOLDER PROPOSAL TO CHANGE TYCO S     Against   Against    Shareholder
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO A U.S. STATE.
7     SHAREHOLDER PROPOSAL ON  COMMON SENSE     Against   Against    Shareholder
      EXECUTIVE COMPENSATION.


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

U.S. BANCORP

Ticker:       USB            Security ID:  902973304
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victoria Buyniski         For       Withhold   Management
      Gluckman
1.2   Elect  Director Arthur D. Collins, Jr.    For       Withhold   Management
1.3   Elect  Director Jerry W. Levin            For       Withhold   Management
1.4   Elect  Director Thomas E. Petry           For       Withhold   Management
1.5   Elect  Director Richard G. Reiten         For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder
4     Submit Executive Compensation to Vote     Against   Against    Shareholder
5     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter


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

WACHOVIA CORP.

Ticker:       WB             Security ID:  929903102
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James S. Balloun          For       For        Management
1.2   Elect  Director John T. Casteen, III      For       For        Management
1.3   Elect  Director Joseph Neubauer           For       For        Management
1.4   Elect  Director Lanty L. Smith            For       For        Management
1.5   Elect  Director Dona Davis Young          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require Two Candidates for Each Board     Against   Against    Shareholder
      Seat
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

WASTE MANAGEMENT, INC.

Ticker:       WMI            Security ID:  94106L109
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pastora San Juan Cafferty For       For        Management
1.2   Elect  Director Frank M. Clark, Jr.       For       For        Management
1.3   Elect  Director Robert S. Miller          For       For        Management
1.4   Elect  Director A. Maurice Myers          For       For        Management
1.5   Elect  Director John C. Pope              For       For        Management
1.6   Elect  Director W. Robert Reum            For       For        Management
1.7   Elect  Director Steven G. Rothmeier       For       For        Management
1.8   Elect  Director David P. Steiner          For       For        Management
1.9   Elect  Director Carl W. Vogt              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


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

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.A. Blanchard III        For       For        Management
1.2   Elect  Director Susan E. Engel            For       For        Management
1.3   Elect  Director Enrique Hernandez, Jr.    For       For        Management
1.4   Elect  Director Robert L. Joss            For       For        Management
1.5   Elect  Director Reatha Clark King         For       For        Management
1.6   Elect  Director Richard M. Kovacevich     For       For        Management
1.7   Elect  Director Richard D. McCormick      For       For        Management
1.8   Elect  Director Cynthia H. Milligan       For       For        Management
1.9   Elect  Director Philip J. Quigley         For       For        Management
1.10  Elect  Director Donald B. Rice            For       Withhold   Management
1.11  Elect  Director Judith M. Runstad         For       Withhold   Management
1.12  Elect  Director Stephen W. Sanger         For       For        Management
1.13  Elect  Director Susan G. Swenson          For       For        Management
1.14  Elect  Director Michael W. Wright         For       Withhold   Management
2     Approve Retirement Plan                   For       Against    Management
3     Ratify Auditors                           For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political                       Against   Against    Shareholder
      Contributions/Activities




=========== SMITH BARNEY INVESTMENT SERIES - SMITH BARNEY GROWTH AND ===========
===========                     INCOME PORTFOLIO                     ===========


ADC TELECOMMUNICATIONS, INC.

Ticker:       ADCT           Security ID:  000886101
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:  JAN 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert Annunziata         For       For        Management
1.2   Elect  Director John J. Boyle III         For       For        Management
1.3   Elect  Director Larry W. Wangberg         For       For        Management
1.4   Elect  Director Robert E. Switz           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Ratify Auditors                           For       For        Management


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

ALCOA INC.

Ticker:       AA             Security ID:  013817101
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J.P. Belda          For       For        Management
1.2   Elect  Director Carlos Ghosn              For       For        Management
1.3   Elect  Director Henry B. Schacht          For       For        Management
1.4   Elect  Director Franklin A. Thomas        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Report on Pay Disparity                   Against   Against    Shareholder
4     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote


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

AMERICAN EXPRESS CO.

Ticker:       AXP            Security ID:  025816109
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Daniel F. Akerson         For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director William G. Bowen          For       For        Management
1.4   Elect  Director Ursula M. Burns           For       For        Management
1.5   Elect  Director Kenneth I. Chenault       For       For        Management
1.6   Elect  Director Peter R. Dolan            For       For        Management
1.7   Elect  Director Vernon E. Jordan, Jr.     For       For        Management
1.8   Elect  Director Jan Leschly               For       For        Management
1.9   Elect  Director Richard A. McGinn         For       For        Management
1.10  Elect  Director Edward D. Miller          For       For        Management
1.11  Elect  Director Frank P. Popoff           For       For        Management
1.12  Elect  Director Robert D. Walter          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

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


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

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


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

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


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: JUN 28, 2004   Meeting Type: Special
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2     Change Company Name                       For       For        Management


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victor S. Liss            For       For        Management
1.2   Elect  Director James W. McDowell, Jr.    For       For        Management
1.3   Elect  Director George A. Schaefer, Jr.   For       For        Management
1.4   Elect  Director Jackie M. Ward            For       For        Management


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

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


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

AVERY DENNISON CORP.

Ticker:       AVY            Security ID:  053611109
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Directors Philip M. Neal           For       For        Management
1.2   Elect  Directors Frank V. Cahouet         For       For        Management
1.3   Elect  Directors Peter W. Mullin          For       For        Management
1.4   Elect  Directors Bruce E. Karatz          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management


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

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


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

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


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

BANK OF NEW YORK CO., INC., THE

Ticker:       BK             Security ID:  064057102
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank J. Biondi, Jr.      For       For        Management
1.2   Elect  Director Nicholas M. Donofrio      For       For        Management
1.3   Elect  Director Alan R. Griffith          For       For        Management
1.4   Elect  Director Gerald L. Hassell         For       For        Management
1.5   Elect  Director Richard J. Kogan          For       For        Management
1.6   Elect  Director Michael J. Kowalski       For       For        Management
1.7   Elect  Director John A. Luke, Jr.         For       For        Management
1.8   Elect  Director John C. Malone            For       For        Management
1.9   Elect  Director Paul Myners, CBE          For       For        Management
1.10  Elect  Director Robert C. Pozen           For       For        Management
1.11  Elect  Director Catherine A. Rein         For       For        Management
1.12  Elect  Director Thomas A. Renyi           For       For        Management
1.13  Elect  Director William C. Richardson     For       For        Management
1.14  Elect  Director Brian L. Roberts          For       For        Management
1.15  Elect  Director Samuel C. Scott III       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Report on Political Contributions         Against   Against    Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Limit Composition of Committee to         Against   Against    Shareholder
      Independent Directors
7     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

BANK ONE CORP.

Ticker:       ONE            Security ID:  06423A103
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director John H. Bryan             For       For        Management
2.2   Elect  Director Stephen B. Burke          For       For        Management
2.3   Elect  Director James S. Crown            For       For        Management
2.4   Elect  Director James Dimon               For       For        Management
2.5   Elect  Director Maureen A. Fay            For       For        Management
2.6   Elect  Director Laban P. Jackson, Jr.     For       For        Management
2.7   Elect  Director John W. Kessler           For       For        Management
2.8   Elect  Director Robert I. Lipp            For       For        Management
2.9   Elect  Director Richard A. Manoogian      For       For        Management
2.10  Elect  Director David C. Novak            For       For        Management
2.11  Elect  Director John W. Rogers, Jr.       For       For        Management
2.12  Elect  Director Frederick P. Stratton,    For       For        Management
      Jr.
3     Ratify Auditors                           For       For        Management


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

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


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

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


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

BEST BUY CO., INC.

Ticker:       BBY            Security ID:  086516101
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Bradbury H. Anderson      For       For        Management
1.2   Elect  Director K.J. Higgins Victor       For       For        Management
1.3   Elect  Director Allen U. Lenzmeier        For       For        Management
1.4   Elect  Director Frank D. Trestman         For       For        Management
1.5   Elect  Director James C. Wetherbe         For       For        Management
1.6   Elect  Director Ronald James              For       For        Management
1.7   Elect  Director Matthew H. Paull          For       For        Management
1.8   Elect  Director Mary A. Tolan             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


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

BOEING CO., THE

Ticker:       BA             Security ID:  097023105
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John H. Biggs             For       For        Management
1.2   Elect  Director John E. Bryson            For       For        Management
1.3   Elect  Director Linda Z. Cook             For       For        Management
1.4   Elect  Director Rozanne L. Ridgway        For       For        Management
2     Reduce Supermajority Vote Requirement     For       For        Management
3     Ratify Auditors                           For       For        Management
4     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts
5     Adopt Amended Workplace Code of Conduct   Against   Against    Shareholder
6     Declassify the Board of Directors         Against   For        Shareholder
7     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter
8     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
9     Adopt a Policy that will Commit Executive Against   Against    Shareholder
      & Directors to Hold at least 75% of their
      Shares
10    Provide Employees Choice of Pension Plans Against   Against    Shareholder
      at Retirement or Termination


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

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


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

CANADIAN NATIONAL RAILWAY CO.

Ticker:       CNR.           Security ID:  136375102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael R. Armellino      For       For        Management
1.2   Elect  Director A. Charles Baillie        For       For        Management
1.3   Elect  Director Hugh J. Bolton            For       For        Management
1.4   Elect  Director Purdy Crawford            For       For        Management
1.5   Elect  Director J.V. Raymond Cyr          For       For        Management
1.6   Elect  Director Gordon D. Giffin          For       For        Management
1.7   Elect  Director James K. Gray             For       For        Management
1.8   Elect  Director E. Hunter Harrison        For       For        Management
1.9   Elect  Director Edith E. Holiday          For       For        Management
1.10  Elect  Director V.M. Kempston Darkes      For       For        Management
1.11  Elect  Director Gilbert H. Lamphere       For       For        Management
1.12  Elect  Director Denis Losier              For       For        Management
1.13  Elect  Director Edward C. Lumley          For       For        Management
1.14  Elect  Director David G.A. Mclean         For       For        Management
1.15  Elect  Director Robert Pace               For       For        Management
2     Ratify Auditors                           For       For        Management


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

CHEVRONTEXACO CORP.

Ticker:       CVX            Security ID:  166764100
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Samuel H. Armacost        For       For        Management
1.2   Elect  Director Robert E. Denham          For       For        Management
1.3   Elect  Director Robert J. Eaton           For       For        Management
1.4   Elect  Director Sam Ginn                  For       For        Management
1.5   Elect  Director Carla Anderson Hills      For       For        Management
1.6   Elect  Director Franklyn G. Jenifer       For       For        Management
1.7   Elect  Director J. Bennett Johnston       For       For        Management
1.8   Elect  Director Sam Nunn                  For       For        Management
1.9   Elect  Director David J. O'Reilly         For       For        Management
1.10  Elect  Director Peter J. Robertson        For       For        Management
1.11  Elect  Director Charles R. Shoemate       For       For        Management
1.12  Elect  Director Carl Ware                 For       For        Management
2     Ratify Auditors                           For       For        Management
3     Adopt Shareholder Rights Plan (Poison     For       For        Management
      Pill) Policy
4     Amend Omnibus Stock Plan                  For       For        Management
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors
8     Report on Health and Environmental        Against   Against    Shareholder
      Initiatives in Ecuador
9     Report on Renewable Energy                Against   Against    Shareholder


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

CHUBB CORP., THE

Ticker:       CB             Security ID:  171232101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Zoe Baird                 For       For        Management
1.2   Elect  Director Sheila P. Burke           For       For        Management
1.3   Elect  Director James I. Cash, Jr.        For       For        Management
1.4   Elect  Director Joel J. Cohen             For       For        Management
1.5   Elect  Director James M. Cornelius        For       For        Management
1.6   Elect  Director John D. Finnegan          For       For        Management
1.7   Elect  Director David H. Hoag             For       For        Management
1.8   Elect  Director Klaus J. Mangold          For       For        Management
1.9   Elect  Director Sir David G. Scholey, CBE For       For        Management
1.10  Elect  Director Raymond G. H. Seitz       For       For        Management
1.11  Elect  Director Lawrence M. Small         For       For        Management
1.12  Elect  Director Daniel E. Somers          For       For        Management
1.13  Elect  Director Karen Hastie Williams     For       For        Management
1.14  Elect  Director James M. Zimmerman        For       For        Management
1.15  Elect  Director Alfred W. Zollar          For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDMENT AND RESTATEMENT   For       For        Management
      OF THE EMPLOYEE STOCK PURCHASE PLAN,
      INCLUDING AN INCREASE OF 100,000,000
      SHARES AUTHORIZED FOR ISSUANCE UNDER THE
      PLAN AND A 5-YEAR EXTENSION OF THE PLAN,
      AS MORE FULLY SET FORTH IN THE
      ACCOMPANYING PROXY STATEMENT
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS CISCO S
      INDEPENDENT AUDITORS FOR THE FISCAL YEAR
      ENDING JULY 31, 2004.
04    PROPOSAL SUBMITTED BY A SHAREHOLDER THAT  Against   Against    Shareholder
      THE BOARD PREPARE A REPORT EACH FISCAL
      YEAR ON CISCO HARDWARE AND SOFTWARE
      PROVIDED TO GOVERNMENT AGENCIES AND
      STATE-OWNED COMMUNICATIONS OR INFORMATION
      TECHNOLOGY ENTITIES IN ANY COUNTRY, AS
      MORE FULLY SET FORTH I
05    PROPOSAL SUBMITTED BY SHAREHOLDERS THAT   Against   Against    Shareholder
      THE BOARD S COMPENSATION COMMITTEE
      PREPARE AND MAKE AVAILABLE BY JANUARY 1,
      2004, A REPORT COMPARING TOTAL
      COMPENSATION OF THE COMPANY S TOP
      EXECUTIVES AND ITS LOWEST PAID WORKERS IN
      THE U.S. AND ABROAD AS OF SPECIF


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carol A. Bartz             For       Did Not    Management
                                                          Vote
1.2   Elect Director Larry R. Carter            For       Did Not    Management
                                                          Vote
1.3   Elect Director John T. Chambers           For       Did Not    Management
                                                          Vote
1.4   Elect Director Dr. James F. Gibbons       For       Did Not    Management
                                                          Vote
1.5   Elect Director Dr. John L. Hennessy       For       Did Not    Management
                                                          Vote
1.6   Elect Director Roderick C. McGeary        For       Did Not    Management
                                                          Vote
1.7   Elect Director James C. Morgan            For       Did Not    Management
                                                          Vote
1.8   Elect Director John P. Morgridge          For       Did Not    Management
                                                          Vote
1.9   Elect Director Donald T. Valentine        For       Did Not    Management
                                                          Vote
1.10  Elect Director Steven M. West             For       Did Not    Management
                                                          Vote
1.11  Elect Director Jerry Yang                 For       Did Not    Management
                                                          Vote
2     Amend Employee Stock Purchase Plan        For       Did Not    Management
                                                          Vote
3     Ratify Auditors                           For       Did Not    Management
                                                          Vote
4     Report on Company Products Used by the    Against   Did Not    Shareholder
      Government to Monitor the Internet                  Vote
5     Report on Pay Disparity                   Against   Did Not    Shareholder
                                                          Vote


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

COMCAST CORP.

Ticker:       CMCSA          Security ID:  20030N101
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director S. Decker Anstrom         For       For        Management
1.2   Elect  Director C. Michael Armstrong      For       For        Management
1.3   Elect  Director Kenneth J. Bacon          For       For        Management
1.4   Elect  Director Sheldon M. Bonovitz       For       For        Management
1.5   Elect  Director Julian A. Brodsky         For       For        Management
1.6   Elect  Director Joseph L. Castle, II      For       For        Management
1.7   Elect  Director J. Michael Cook           For       For        Management
1.8   Elect  Director Brian L. Roberts          For       For        Management
1.9   Elect  Director Ralph J. Roberts          For       For        Management
1.10  Elect  Director Dr. Judith Rodin          For       For        Management
1.11  Elect  Director Michael I. Sovern         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Restricted Stock Plan               For       For        Management
4     Amend Articles/Bylaws/Charter-Non-Routine For       For        Management
5     Require Two-Thirds Majority of            Against   For        Shareholder
      Independent Directors on Board
6     Political Contributions/Activities        Against   Against    Shareholder
7     Nominate Two Directors for every open     Against   Against    Shareholder
      Directorships
8     Limit Executive Compensation              Against   Against    Shareholder
9     Adopt a Recapitalization Plan             Against   For        Shareholder


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

COMERICA INC.

Ticker:       CMA            Security ID:  200340107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ralph W. Babb, Jr.        For       For        Management
1.2   Elect  Director James F. Cordes           For       For        Management
1.3   Elect  Director Peter D. Cummings         For       For        Management
1.4   Elect  Director Todd W. Herrick           For       For        Management
1.5   Elect  Director William P. Vititoe        For       For        Management
1.6   Elect  Director Kenneth L. Way            For       For        Management
2     Approve Employee Stock Purchase Plan      For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management


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

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.


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

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


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

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.


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

EATON CORP.

Ticker:       ETN            Security ID:  278058102
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Critelli       For       For        Management
1.2   Elect  Director Ernie Green               For       For        Management
1.3   Elect  Director Kiran M. Patel            For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

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


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

ESTEE LAUDER COMPANIES INC., THE

Ticker:       EL             Security ID:  518439104
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Irvine O. Hockaday, Jr.    For       Did Not    Management
                                                          Vote
1.2   Elect Director Fred H. Langhammer         For       Did Not    Management
                                                          Vote
1.3   Elect Director Rose Marie Bravo           For       Did Not    Management
                                                          Vote
2     Approve Executive Incentive Bonus Plan    For       Did Not    Management
                                                          Vote
3     Ratify Auditors                           For       Did Not    Management
                                                          Vote


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

EXXON MOBIL CORP.

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Boskin         For       For        Management
1.2   Elect  Director James R. Houghton         For       For        Management
1.3   Elect  Director William R. Howell         For       For        Management
1.4   Elect  Director Reatha Clark King         For       For        Management
1.5   Elect  Director Philip E. Lippincott      For       For        Management
1.6   Elect  Director Harry J. Longwell         For       For        Management
1.7   Elect  Director Henry A. McKinnell, Jr.   For       For        Management
1.8   Elect  Director Marilyn Carlson Nelson    For       For        Management
1.9   Elect  Director Lee R. Raymond            For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director Rex W. Tillerson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Restricted  For       For        Management
      Stock Plan
4     Affirm Political Nonpartisanship          Against   Against    Shareholder
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
6     Report on Equatorial Guinea               Against   Against    Shareholder
7     Separate Chairman and CEO Positions       Against   Against    Shareholder
8     Prohibit Awards to Executives             Against   Against    Shareholder
9     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
10    Amend EEO Statement to Include Reference  Against   For        Shareholder
      to Sexual Orientation
11    Report on Climate Change Research         Against   Against    Shareholder


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

FIFTH THIRD BANCORP

Ticker:       FITB           Security ID:  316773100
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darryl F. Allen           For       For        Management
1.2   Elect  Director Allen M. Hill             For       For        Management
1.3   Elect  Director Dr Mitchel D Livingston   For       For        Management
1.4   Elect  Director Hendrik G. Meijer         For       For        Management
1.5   Elect  Director James E. Rogers           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adopt Sexual Orientation                  None      For        Shareholder
      Non-Discrimination Policy


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

FIRSTENERGY CORPORATION

Ticker:       FE             Security ID:  337932107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Paul T. Addison           For       For        Management
1.2   Elect  Director Ernest J. Novak, Jr.      For       For        Management
1.3   Elect  Director John M. Pietruski         For       For        Management
1.4   Elect  Director Catherine A. Rein         For       For        Management
1.5   Elect  Director Robert C. Savage          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Reduce Supermajority Vote Requirement     For       For        Management
5     Approve Deferred Compensation Plan        For       For        Management
6     Approve Deferred Compensation Plan        For       For        Management
7     Expense Stock Options                     Against   For        Shareholder
8     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
9     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
10    Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote


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

FLEETBOSTON FINANCIAL CORP.

Ticker:       FLT            Security ID:  339030108
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     Adjourn Meeting                           For       For        Management


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

FREDDIE MAC

Ticker:       FRE            Security ID:  313400301
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Joan E. Donoghue          For       For        Management
1.2   Elect  Director Michelle Engler           For       For        Management
1.3   Elect  Director Richard Karl Goeltz       For       For        Management
1.4   Elect  Director George D. Gould           For       For        Management
1.5   Elect  Director Henry Kaufman             For       For        Management
1.6   Elect  Director John B. Mccoy             For       Withhold   Management
1.7   Elect  Director Shaun F. O'Malley         For       For        Management
1.8   Elect  Director Ronald F. Poe             For       Withhold   Management
1.9   Elect  Director Stephen A. Ross           For       For        Management
1.10  Elect  Director Donald J. Schuenke        For       Withhold   Management
1.11  Elect  Director Christina Seix            For       For        Management
1.12  Elect  Director Richard F. Syron          For       For        Management
1.13  Elect  Director William J. Turner         For       Withhold   Management
2     Ratify Auditors                           For       For        Management


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

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   For        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


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

GLOBAL SANTA FE CORP.(FORMERLY SANTA FE INTERNATIONAL CORP)

Ticker:       GSF            Security ID:  G3930E101
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ferdinand A. Berger       For       For        Management
1.2   Elect  Director Khaled R. Al-Haroon       For       For        Management
1.3   Elect  Director Edward R. Muller          For       For        Management
1.4   Elect  Director Paul J. Powers            For       For        Management
1.5   Elect  Director John L. Whitmire          For       For        Management
2     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      PERMIT TELEPHONIC AND INTERNET VOTING BY
      RECORD SHAREHOLDERS.
3     PROPOSAL TO APPROVE A SPECIAL RESOLUTION  For       For        Management
      TO AMEND THE COMPANY S AMENDED AND
      RESTATED ARTICLES OF ASSOCIATION TO
      REMOVE THE LANGUAGE  NO SHARE OWNERSHIP
      QUALIFICATION FOR DIRECTORS SHALL BE
      REQUIRED.
4     PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS THE
      INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
      OF THE COMPANY AND ITS SUBSIDIARIES FOR
      THE YEAR ENDING DECEMBER 31, 2004.


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

GOLDMAN SACHS GROUP, INC., THE

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lloyd C. Blankfein        For       For        Management
1.2   Elect  Director Lord Browne Of Madingley  For       For        Management
1.3   Elect  Director Claes Dahlback            For       For        Management
1.4   Elect  Director James A. Johnson          For       For        Management
1.5   Elect  Director Lois D. Juliber           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

GUIDANT CORP.

Ticker:       GDT            Security ID:  401698105
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 11, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Maurice A. Cox, Jr.       For       For        Management
1.2   Elect  Director Nancy-Ann Min DeParle     For       For        Management
1.3   Elect  Director Ronald W. Dollens         For       For        Management
1.4   Elect  Director Enrique C. Falla          For       For        Management
1.5   Elect  Director Kristina M. Johnson,      For       For        Management
      Ph.D.
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder


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

HEWLETT-PACKARD CO.

Ticker:       HPQ            Security ID:  428236103
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L.T. Babbio, Jr.          For       For        Management
1.2   Elect  Director P.C. Dunn                 For       For        Management
1.3   Elect  Director C.S. Fiorina              For       For        Management
1.4   Elect  Director R.A. Hackborn             For       For        Management
1.5   Elect  Director G.A. Keyworth II          For       For        Management
1.6   Elect  Director R.E. Knowling, Jr.        For       For        Management
1.7   Elect  Director S.M. Litvack              For       Withhold   Management
1.8   Elect  Director R.L. Ryan                 For       For        Management
1.9   Elect  Director L.S. Salhany              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder


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

HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gregory D. Brenneman      For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director John L. Clendenin         For       For        Management
1.4   Elect  Director Berry R. Cox              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Milledge A. Hart, III     For       For        Management
1.7   Elect  Director Bonnie G. Hill            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Robert L. Nardelli        For       For        Management
1.10  Elect  Director Roger S. Penske           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Performance- Based/Indexed Options        Against   Against    Shareholder
6     Adopt ILO Based Code of Conduct           Against   Against    Shareholder
7     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
8     Require Affirmative Vote of the Majority  Against   Against    Shareholder
      of the Shares to Elect Directors


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

HONEYWELL INTERNATIONAL, INC.

Ticker:       HON            Security ID:  438516106
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James J. Howard           For       Withhold   Management
1.2   Elect  Director Bruce Karatz              For       Withhold   Management
1.3   Elect  Director Russell E. Palmer         For       Withhold   Management
1.4   Elect  Director Ivan G. Seidenberg        For       Withhold   Management
1.5   Elect  Director Eric K. Shinseki          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder
4     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter
5     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
6     Report on Pay Disparity                   Against   Against    Shareholder
7     Provide for Cumulative Voting             Against   For        Shareholder


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

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


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

INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Craig R. Barrett          For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director E. John P. Browne         For       For        Management
1.4   Elect  Director Andrew S. Grove           For       For        Management
1.5   Elect  Director D. James Guzy             For       For        Management
1.6   Elect  Director Reed E. Hundt             For       For        Management
1.7   Elect  Director Paul S. Otellini          For       For        Management
1.8   Elect  Director David S. Pottruck         For       For        Management
1.9   Elect  Director Jane E. Shaw              For       For        Management
1.10  Elect  Director John L. Thornton          For       For        Management
1.11  Elect  Director David B. Yoffie           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit/Prohibit Awards to Executives       Against   Against    Shareholder
6     Performance- Based/Indexed Options        Against   Against    Shareholder


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

INTERNATIONAL PAPER CO.

Ticker:       IP             Security ID:  460146103
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Martha F. Brooks          For       For        Management
1.2   Elect  Director James A. Henderson        For       For        Management
1.3   Elect  Director Robert D. Kennedy         For       For        Management
1.4   Elect  Director W. Craig McClelland       For       Withhold   Management
1.5   Elect  Director Robert M. Amen            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Amend Omnibus Stock Plan                  For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

ISTAR FINANCIAL INC.

Ticker:       SFI            Security ID:  45031U101
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jay Sugarman              For       For        Management
1.2   Elect  Director Willis Andersen, Jr.      For       For        Management
1.3   Elect  Director Robert W. Holman, Jr.     For       For        Management
1.4   Elect  Director Robin Josephs             For       For        Management
1.5   Elect  Director John G. McDonald          For       For        Management
1.6   Elect  Director George R. Puskar          For       For        Management
1.7   Elect  Director Jeffrey A. Weber          For       For        Management
2     Amend Deferred Compensation Plan          For       For        Management
3     Amend Omnibus Stock Plan                  For       Against    Management
4     Ratify Auditors                           For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gerard N. Burrow          For       For        Management
1.2   Elect  Director Mary S. Coleman           For       For        Management
1.3   Elect  Director James G. Cullen           For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director M. Judah Folkman          For       For        Management
1.6   Elect  Director Ann D. Jordan             For       For        Management
1.7   Elect  Director Arnold G. Langbo          For       For        Management
1.8   Elect  Director Susan L. Lindquist        For       For        Management
1.9   Elect  Director Leo F. Mullin             For       For        Management
1.10  Elect  Director Steven S Reinemund        For       For        Management
1.11  Elect  Director David Satcher             For       For        Management
1.12  Elect  Director Henry B. Schacht          For       For        Management
1.13  Elect  Director William C. Weldon         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Cease Charitable Contributions            Against   Against    Shareholder


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director Hans W. Becherer          For       For        Management
2.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
2.3   Elect  Director John H. Biggs             For       For        Management
2.4   Elect  Director Lawrence A. Bossidy       For       For        Management
2.5   Elect  Director Ellen V. Futter           For       For        Management
2.6   Elect  Director William H. Gray, III      For       For        Management
2.7   Elect  Director William B. Harrison, Jr   For       For        Management
2.8   Elect  Director Helene L. Kaplan          For       For        Management
2.9   Elect  Director Lee R. Raymond            For       For        Management
2.10  Elect  Director John R. Stafford          For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management
5     Adjourn Meeting                           For       For        Management
6     Establish Term Limits for Directors       Against   Against    Shareholder
7     Charitable Contributions                  Against   Against    Shareholder
8     Political Contributions                   Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   For        Shareholder
10    Provide Adequate Disclosure for over the  Against   Against    Shareholder
      counter Derivatives
11    Auditor Independence                      Against   Against    Shareholder
12    Submit Non-Employee Director Compensation Against   Against    Shareholder
      to Vote
13    Report on Pay Disparity                   Against   Against    Shareholder


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

KELLOGG CO.

Ticker:       K              Security ID:  487836108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Benjamin S. Carson, Sr.   For       For        Management
1.2   Elect  Director Gordon Gund               For       For        Management
1.3   Elect  Director Dorothy A. Johnson        For       For        Management
1.4   Elect  Director Ann Mclaughlin Korologos  For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)


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

KIMBERLY-CLARK CORP.

Ticker:       KMB            Security ID:  494368103
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pastora San Juan Cafferty For       For        Management
1.2   Elect  Director Claudio X. Gonzalez       For       For        Management
1.3   Elect  Director Linda Johnson Rice        For       For        Management
1.4   Elect  Director Marc J. Shapiro           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

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


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

LOCKHEED MARTIN CORP.

Ticker:       LMT            Security ID:  539830109
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director E.C. 'Pete' Aldridge, Jr. For       For        Management
1.2   Elect  Director Nolan D. Archibald        For       For        Management
1.3   Elect  Director Norman R. Augustine       For       Withhold   Management
1.4   Elect  Director Marcus C. Bennett         For       For        Management
1.5   Elect  Director Vance D. Coffman          For       For        Management
1.6   Elect  Director Gwendolyn S. King         For       For        Management
1.7   Elect  Director Douglas H. McCorkindale   For       For        Management
1.8   Elect  Director Eugene F. Murphy          For       For        Management
1.9   Elect  Director Joseph W. Ralston         For       Withhold   Management
1.10  Elect  Director Frank Savage              For       For        Management
1.11  Elect  Director Anne Stevens              For       For        Management
1.12  Elect  Director Robert J. Stevens         For       For        Management
1.13  Elect  Director James R. Ukropina         For       For        Management
1.14  Elect  Director Douglas C. Yearley        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services
6     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts


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

MATTEL, INC.

Ticker:       MAT            Security ID:  577081102
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Eugene P. Beard           For       For        Management
1.2   Elect  Director Michael J. Dolan          For       For        Management
1.3   Elect  Director Robert A. Eckert          For       For        Management
1.4   Elect  Director Tully M. Friedman         For       For        Management
1.5   Elect  Director Ronald M. Loeb            For       For        Management
1.6   Elect  Director Andrea L. Rich            For       For        Management
1.7   Elect  Director Ronald L. Sargent         For       For        Management
1.8   Elect  Director Christopher A. Sinclair   For       For        Management
1.9   Elect  Director G. Craig Sullivan         For       For        Management
1.10  Elect  Director John L. Vogelstein        For       For        Management
1.11  Elect  Director Kathy Brittain White      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Awards to Executives                Against   Against    Shareholder
4     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services


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

MBNA CORP.

Ticker:       KRB            Security ID:  55262L100
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  FEB 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James H. Berick           For       For        Management
1.2   Elect  Director Benjamin R. Civiletti     For       For        Management
1.3   Elect  Director Bruce L. Hammonds         For       For        Management
1.4   Elect  Director William L. Jews           For       For        Management
1.5   Elect  Director Randolph D. Lerner        For       For        Management
1.6   Elect  Director Stuart L. Markowitz       For       For        Management
1.7   Elect  Director William B. Milstead       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder
4     Require Majority of Independent Directors Against   For        Shareholder
      on Board


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

MCDONALD'S CORP.

Ticker:       MCD            Security ID:  580135101
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward A. Brennan         For       For        Management
1.2   Elect  Director Walter E. Massey          For       For        Management
1.3   Elect  Director John W. Rogers, Jr.       For       For        Management
1.4   Elect  Director Anne-Marie Slaughter      For       For        Management
1.5   Elect  Director Roger W. Stone            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Omnibus Stock Plan                  For       For        Management
4     Approve/Amend Executive Incentive Bonus   For       For        Management
      Plan


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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K. Newbigging       For       For        Management
1.2   Elect  Director Joseph W. Prueher         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Gates, III      For       Did Not    Management
                                                          Vote
1.2   Elect Director Steven A. Ballmer          For       Did Not    Management
                                                          Vote
1.3   Elect Director James I. Cash, Jr., Ph.D.  For       Did Not    Management
                                                          Vote
1.4   Elect Director Raymond V. Gilmartin       For       Did Not    Management
                                                          Vote
1.5   Elect Director Ann McLaughlin Korologos   For       Did Not    Management
                                                          Vote
1.6   Elect Director David F. Marquardt         For       Did Not    Management
                                                          Vote
1.7   Elect Director Charles H. Noski           For       Did Not    Management
                                                          Vote
1.8   Elect Director Dr. Helmut Panke           For       Did Not    Management
                                                          Vote
1.9   Elect Director Wm. G. Reed, Jr.           For       Did Not    Management
                                                          Vote
1.10  Elect Director Jon A. Shirley             For       Did Not    Management
                                                          Vote
2     Amend Omnibus Stock Plan                  For       Did Not    Management
                                                          Vote
3     Amend Non-Employee Director Stock Option  For       Did Not    Management
      Plan                                                Vote
4     Refrain from Giving Charitable            Against   Did Not    Shareholder
      Contributions                                       Vote


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  WILLIAM H. GATES III                      For       For        Management
01.2  STEVEN A. BALLMER                         For       For        Management
01.3  JAMES I. CASH JR.                         For       For        Management
01.4  RAYMOND V. GILMARTIN                      For       For        Management
01.5  A. MCLAUGHLIN KOROLOGOS                   For       For        Management
01.6  DAVID F. MARQUARDT                        For       For        Management
01.7  CHARLES H. NOSKI                          For       For        Management
01.8  HELMUT PANKE                              For       For        Management
01.9  WM. G. REED JR.                           For       For        Management
01.10 JON A. SHIRLEY                            For       Withheld   Management
02    ADOPTION OF THE AMENDMENTS TO THE 2001    For       For        Management
      STOCK PLAN
03    ADOPTION OF THE AMENDMENTS TO THE 1999    For       For        Management
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS
04    SHAREHOLDER PROPOSAL (THE BOARD           Against   Against    Shareholder
      RECOMMENDS A VOTE  AGAINST THIS PROPOSAL)


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

MOTOROLA, INC.

Ticker:       MOT            Security ID:  620076109
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward Zander             For       For        Management
1.2   Elect  Director H. Laurence Fuller        For       For        Management
1.3   Elect  Director Judy Lewent               For       For        Management
1.4   Elect  Director Walter Massey             For       For        Management
1.5   Elect  Director Nicholas Negroponte       For       For        Management
1.6   Elect  Director Indra Nooyi               For       For        Management
1.7   Elect  Director John Pepper, Jr.          For       For        Management
1.8   Elect  Director Samuel Scott III          For       For        Management
1.9   Elect  Director Douglas Warner III        For       For        Management
1.10  Elect  Director John White                For       For        Management
1.11  Elect  Director Mike Zafirovski           For       For        Management
2     Limit Executive Compensation              Against   Against    Shareholder
3     Limit Awards to Executives                Against   Against    Shareholder


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

NAVISTAR INTERNATIONAL CORP.

Ticker:       NAV            Security ID:  63934E108
Meeting Date: FEB 17, 2004   Meeting Type: Annual
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael N. Hammes         For       For        Management
1.2   Elect  Director James H. Keyes            For       For        Management
1.3   Elect  Director Southwood J. Morcott      For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management


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

NEWELL RUBBERMAID INC.

Ticker:       NWL            Security ID:  651229106
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Scott S. Cowen            For       For        Management
1.2   Elect  Director Cynthia A. Montgomery     For       For        Management
1.3   Elect  Director Allan P. Newell           For       For        Management
1.4   Elect  Director Gordon R. Sullivan        For       For        Management
2     Ratify Auditors                           For       For        Management


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

NISOURCE INC.

Ticker:       NI             Security ID:  65473P105
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Steven C. Beering         For       For        Management
1.2   Elect  Director Dennis E. Foster          For       For        Management
1.3   Elect  Director Richard L. Thompson       For       For        Management
1.4   Elect  Director Carolyn Y. Woo            For       For        Management
2     Ratify Auditors                           For       For        Management


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

PEPSICO, INC.

Ticker:       PEP            Security ID:  713448108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John F. Akers             For       For        Management
1.2   Elect  Director Robert E. Allen           For       For        Management
1.3   Elect  Director Ray L. Hunt               For       For        Management
1.4   Elect  Director Arthur C. Martinez        For       For        Management
1.5   Elect  Director Indra K. Nooyi            For       For        Management
1.6   Elect  Director Franklin D. Raines        For       For        Management
1.7   Elect  Director Steven S. Reinemund       For       For        Management
1.8   Elect  Director Sharon Percy Rockefeller  For       For        Management
1.9   Elect  Director James J. Schiro           For       For        Management
1.10  Elect  Director Franklin A. Thomas        For       For        Management
1.11  Elect  Director Cynthia M. Trudell        For       For        Management
1.12  Elect  Director Solomon D. Trujillo       For       For        Management
1.13  Elect  Director Daniel Vasella            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       For        Management
1.2   Elect  Director M. Anthony Burns          For       For        Management
1.3   Elect  Director Robert N. Burt            For       For        Management
1.4   Elect  Director W. Don Cornwell           For       For        Management
1.5   Elect  Director William H. Gray III       For       For        Management
1.6   Elect  Director Constance J. Horner       For       For        Management
1.7   Elect  Director William R. Howell         For       For        Management
1.8   Elect  Director Stanley O. Ikenberry      For       For        Management
1.9   Elect  Director George A. Lorch           For       For        Management
1.10  Elect  Director Henry A. Mckinnell        For       For        Management
1.11  Elect  Director Dana G. Mead              For       For        Management
1.12  Elect  Director Franklin D. Raines        For       For        Management
1.13  Elect  Director Ruth J. Simmons           For       For        Management
1.14  Elect  Director William C. Steere, Jr.    For       For        Management
1.15  Elect  Director Jean-Paul Valles          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Against    Shareholder
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Against    Shareholder


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

SCHERING-PLOUGH CORP.

Ticker:       SGP            Security ID:  806605101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Fred Hassan               For       For        Management
1.2   Elect  Director Philip Leder, M.D.        For       For        Management
1.3   Elect  Director Eugene R. McGrath         For       For        Management
1.4   Elect  Director Richard de J. Osborne     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management


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

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


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO RECEIVE AND DISCUSS THE COMPANY S      For       For        Management
      CONSOLIDATED BALANCE SHEET AS OF DECEMBER
      31, 2003 AND THE CONSOLIDATED STATEMENTS.
2     TO APPROVE THE BOARD OF DIRECTORS         For       Against    Management
      RECOMMENDATION THAT THE CASH DIVIDEND FOR
      THE YEAR ENDED DECEMBER 31, 2003, WHICH
      WAS PAID IN FOUR INSTALLMENTS AND
      AGGREGATED NIS 1.44 (APPROXIMATELY
      US$0.322) PER ORDINARY SHARE, BE DECLARED
      FINAL.
3     TO ELECT ABRAHAM E. COHEN TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
4     TO ELECT LESLIE DAN TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
5     TO ELECT PROF. MEIR HETH TO SERVE FOR A   For       For        Management
      THREE-YEAR TERM.
6     TO ELECT PROF. MOSHE MANY TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
7     TO ELECT DOV SHAFIR TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
8     TO APPROVE THE PURCHASE OF DIRECTOR S AND For       Against    Management
      OFFICER S LIABILITY INSURANCE FOR THE
      DIRECTORS AND OFFICERS OF THE COMPANY.
9     Ratify Auditors                           For       For        Management


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect G. Shalev as an External Director   For       For        Management
2     Approve Increase in Remuneration of       For       For        Management
      Directors other than the Chairman


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

TEVA PHARMACEUTICAL INDUSTRIES LIMIT

Ticker:       TEVA           Security ID:  881624
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPOINT PROF. GABRIELA SHALEV AS A     For       For        Management
      STATUTORY INDEPENDENT DIRECTOR FOR A
      THREE-YEAR TERM, REPLACING MR. ORI SLONIM
      WHOSE TERM ENDS ON OCTOBER 17, 2003.
02    TO APPROVE AN INCREASE IN THE             For       For        Management
      REMUNERATION OF THE DIRECTORS OF THE
      COMPANY (OTHER THAN THE CHAIRMAN). SUCH
      ANNUAL REMUNERATION IS TO BE SET AT NIS
      100,000 WITH AN ADDITIONAL NIS 3,000 PER
      MEETING. DIRECTORS WHO ARE ALSO COMMITTEE
      CHAIRPERSONS SHALL RECEIV


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

THE ESTEE LAUDER COMPANIES INC.

Ticker:       EL             Security ID:  518439
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF THE EXECUTIVE ANNUAL          For       For        Management
      INCENTIVE PLAN.
03    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       For        Management
      AS INDEPENDENT AUDITORS FOR THE 2004
      FISCAL YEAR.


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

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Mackey J. Mcdonald        For       For        Management
1.8   Elect  Director H. Carl Mccall            For       For        Management
1.9   Elect  Director Brendan R. O'Neill        For       For        Management
1.10  Elect  Director Sandra S. Wijnberg        For       For        Management
1.11  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management
3     ADOPTION OF THE AMENDED AND RESTATED      For       For        Management
      BYE-LAWS.
4     APPROVAL OF TYCO 2004 STOCK AND INCENTIVE For       For        Management
      PLAN.
5     SHAREHOLDER PROPOSAL REGARDING            For       For        Shareholder
      ENVIRONMENTAL REPORTING.
6     SHAREHOLDER PROPOSAL TO CHANGE TYCO S     Against   Against    Shareholder
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO A U.S. STATE.
7     SHAREHOLDER PROPOSAL ON  COMMON SENSE     Against   Against    Shareholder
      EXECUTIVE COMPENSATION.


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

U.S. BANCORP

Ticker:       USB            Security ID:  902973304
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victoria Buyniski         For       Withhold   Management
      Gluckman
1.2   Elect  Director Arthur D. Collins, Jr.    For       Withhold   Management
1.3   Elect  Director Jerry W. Levin            For       Withhold   Management
1.4   Elect  Director Thomas E. Petry           For       Withhold   Management
1.5   Elect  Director Richard G. Reiten         For       Withhold   Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder
4     Submit Executive Compensation to Vote     Against   Against    Shareholder
5     Amend Vote Requirements to Amend          Against   For        Shareholder
      Articles/Bylaws/Charter


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

WACHOVIA CORP.

Ticker:       WB             Security ID:  929903102
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James S. Balloun          For       For        Management
1.2   Elect  Director John T. Casteen, III      For       For        Management
1.3   Elect  Director Joseph Neubauer           For       For        Management
1.4   Elect  Director Lanty L. Smith            For       For        Management
1.5   Elect  Director Dona Davis Young          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Require Two Candidates for Each Board     Against   Against    Shareholder
      Seat
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

WASTE MANAGEMENT, INC.

Ticker:       WMI            Security ID:  94106L109
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pastora San Juan Cafferty For       For        Management
1.2   Elect  Director Frank M. Clark, Jr.       For       For        Management
1.3   Elect  Director Robert S. Miller          For       For        Management
1.4   Elect  Director A. Maurice Myers          For       For        Management
1.5   Elect  Director John C. Pope              For       For        Management
1.6   Elect  Director W. Robert Reum            For       For        Management
1.7   Elect  Director Steven G. Rothmeier       For       For        Management
1.8   Elect  Director David P. Steiner          For       For        Management
1.9   Elect  Director Carl W. Vogt              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


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

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.A. Blanchard III        For       For        Management
1.2   Elect  Director Susan E. Engel            For       For        Management
1.3   Elect  Director Enrique Hernandez, Jr.    For       For        Management
1.4   Elect  Director Robert L. Joss            For       For        Management
1.5   Elect  Director Reatha Clark King         For       For        Management
1.6   Elect  Director Richard M. Kovacevich     For       For        Management
1.7   Elect  Director Richard D. McCormick      For       For        Management
1.8   Elect  Director Cynthia H. Milligan       For       For        Management
1.9   Elect  Director Philip J. Quigley         For       For        Management
1.10  Elect  Director Donald B. Rice            For       Withhold   Management
1.11  Elect  Director Judith M. Runstad         For       Withhold   Management
1.12  Elect  Director Stephen W. Sanger         For       For        Management
1.13  Elect  Director Susan G. Swenson          For       For        Management
1.14  Elect  Director Michael W. Wright         For       Withhold   Management
2     Approve Retirement Plan                   For       Against    Management
3     Ratify Auditors                           For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political                       Against   Against    Shareholder
      Contributions/Activities




========= SMITH BARNEY INVESTMENT SERIES - SMITH BARNEY INTERNATIONAL ==========
=========                            FUND                             ==========


ACCOR

Ticker:                      Security ID:  F00189120
Meeting Date: APR 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.575 per Share
5     Ratify Cooptation of Gabriele Galateri Di For       For        Management
      Genola as Supervisory Board Member
6     Elect Francis Mayer as Supervisory Board  For       For        Management
      Member
7     Authorize Repurchase of Up to 18 Million  For       For        Management
      Shares
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 100 Million
11    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 200 Million for Bonus Issue or
      Increase in Par Value
12    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      300 Million
13    Approve Capital Increase Reserved for     For       Abstain    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

ACCOR

Ticker:                      Security ID:  F00189120
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.575 per Share
5     Ratify Cooptation of Gabriele Galateri Di For       For        Management
      Genola as Supervisory Board Member
6     Elect Francis Mayer as Supervisory Board  For       For        Management
      Member
7     Authorize Repurchase of Up to 18 Million  For       For        Management
      Shares
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 200 Million
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 100 Million
11    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 200 Million for Bonus Issue or
      Increase in Par Value
12    Set Global Limit for Capital Increase to  For       For        Management
      Result from All Issuance Requests at EUR
      300 Million
13    Approve Capital Increase Reserved for     For       Abstain    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

ACCOR SA

Ticker:       <NULL>         Security ID:  F00189120
Meeting Date: MAY 4, 2004    Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT THE MEETING HELD ON 26   *         No Vote    Management
      APR 2004 HAS BEEN POSTPONED DUE TO LACK
      OF QUORUM AND THAT THE SECOND CONVOCATION
      WILL BE HELD ON 04 MAY 2004. PLEASE ALSO
      NOTE THE NEW CUTOFF DATE AND MEETING
      TIME. IF YOU HAVE ALREADY SENT YOUR
      VOTES, PLEASE DO NO
2     Approve the accounts and the balance      *         For        Management
      sheet for 2003 as presented to it and
      theoperations effected by the Executive
      Committee during said FY
3     Approve the consolidated accounts for the *         For        Management
      FY 2003 as presented to it
4     Approve the special Auditors report, in   *         For        Management
      accordance with the provisions of Article
      L.225-86 of the commercial law and the
      execution of the conventions approved
      previously
5     Approve to appropriate the profits as     *         For        Management
      below: profits for the FY: EUR
      178,461,773.22; prior retained earnings:
      EUR 608,180,748.45; dividend of
      self-detainedshares for the FY 2002: EUR
      1,605,167.55; amount available for
      distribution EUR 788,247,689.22; glob
6     Ratify the co-optation of Mr. Gabriele    *         For        Management
      Galateri Di Genola as a member of the
      Supervisory Board, in replacement of Mr.
      Ifil, for uneffected part of its term
7     Appoint Mr. Francis Mayer as a member of  *         For        Management
      the Supervisory Board for 6 years
8     Authorize the Executive Committee to      *         For        Management
      trade the Company shares on the stock
      exchange as per the following conditions:
      maximum purchase price: EUR 50.00;
      minimum selling price: EUR 30.00; and
      maximum number of shares to be acquired:
      18,000,000  EUR900,000,0
9     Authorize the Executive Committee to      *         For        Management
      cancel shares acquired per Resolution 7
      above, not exceeding 10% over a 24 months
      period and to modify the Articles
      ofAssociation;  Authority expires at the
      end of 18 months, with the agreement
      ofthe Supervisory Board
10    Authorize the Executive Committee to      *         For        Management
      issue shares and securities with
      preferential subscription right for a
      maximum nominal amount of EUR
      200,000,000.00  2,000,000,000.00 for debt
      securities ; subject to the agreement of
      the Supervisory Board  authority e
11    Authorize the Executive Committee to      *         For        Management
      issue shares and securities without
      preferential subscription right for a
      maximum nominal amount of EUR
      100,000,000.001,000,000,000.00 for debt
      securities ; the Executive Committee may
      decide togive a priority to the e
12    Authorize the Executive Board to increase *         For        Management
      the Company share capital by
      incorporation of reserves by a maximum
      nominal amount of EUR 200,000,000.00;
      subjectto the agreement of the
      Supervisory Board  Authority expires at
      the end of 26months
13    Approve that the total share capital      *         For        Management
      increases resulting from Resolutions 9,
      10 and 11 above shall not exceed EUR
      300,000,000.00
14    Authorize the Executive Committee to      *         Abstain    Management
      issue securities giving access to the
      share capital reserved to the employees
      of the Group who subscribed to one of
      theGroup Savings Plans; to total shares
      issued under these conditions or
      resulting from any prior reso
15    Grant all powers to the bearer of a copy, *         For        Management
      or an extract of the minutes of
      thepresent to accomplish all deposits and
      publications prescribed by law
16    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t


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

ADVANTEST CORP.

Ticker:                      Security ID:  J00210104
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       Against    Management
      Repurchases at Board's Discretion - Limit
      Directors' and Statutory Auditors' Legal
      Liability
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management


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

AKZO-NOBEL NV

Ticker:       AZKBF          Security ID:  N01803100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
3.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
3.2   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Policy
6.1   Approve Stock Option Plan for Management  For       For        Management
      Board
6.2   Approve Restricted Stock Plan for         For       For        Management
      Management Board
6.3   Approve Executive Stock Option Plan       For       For        Management
6.4   Approve Maximum Number of Shares for LTIP For       For        Management
7     Elect Members of Management Board         For       For        Management
8.1   Fix Number of Members of Supervisory      For       For        Management
      Board
8.2   Elect Members of Supervisory Board        For       For        Management
9     Authorize Board to Prepare Financial      For       For        Management
      Statements in English
10    Grant Board Authority to Issue Authorized For       For        Management
      Yet Unissued Shares Restricting/Excluding
      Preemptive Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Other Business (Non-Voting)               None      None       Management


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

ALLIED IRISH BANK PLC

Ticker:       AIB            Security ID:  G02072117
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:  APR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Dividend of EUR 35 Cents          For       For        Management
3a    Elect Michael Buckley as a Director       For       For        Management
3b    Elect Padraic Fallon as a Director        For       For        Management
3c    Elect Dermot Gleeson as a Director        For       For        Management
3d    Elect Derek Higgs as a Director           For       For        Management
3e    Elect Gary Kennedy as a Director          For       For        Management
3f    Elect John McGuckian as a Director        For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      KPMG Auditors
5     Authorize Share Repurchase of 90 Million  For       For        Management
      Shares, Representing 10 Percent of the
      Share Capital
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights, Representing 5 Percent
      of the Share capital
8     Approve Stock Dividend Program            For       For        Management
9a    Remove Adrian Burke as a Director         Against   Against    Shareholder
9b    Remove Colm Doherty as a Director         Against   Against    Shareholder
9c    Remove Don Godson as a Director           Against   Against    Shareholder
9d    Remove Aidan McKeon as a Director         Against   Against    Shareholder
9e    Remove Carol Moffett as a Director        Against   Against    Shareholder
9f    Remove Jim O'Leary as a Director          Against   Against    Shareholder
9g    Remove Michael Sullivan as a Director     Against   Against    Shareholder
9h    Remove Robert Wilmers as a Director       Against   Against    Shareholder
10    Remove KPMG as Auditors                   Against   Against    Shareholder
11    Appoint Niall Murphy, a Shareholder       Against   Against    Shareholder
      Nominee, as a Director


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

ALTANA AG

Ticker:       <NULL>         Security ID:  D03304108
Meeting Date: MAY 5, 2004    Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Company s annual and          *         For        Management
      consolidated earnings as well as the
      report of the Supervisory Board for the
      business year 2003
2     Approve the appropriation of profits and  *         For        Management
      a possible dividend payment of EUR 0.83
      per share
3     Ratify the acts of the Managing Board for *         For        Management
      2003
4     Ratify the acts of the Supervisory Board  *         For        Management
5     Elect Mr. Justus Mische as a Supervisory  *         For        Management
      Board
6     Approve the election of Auditors, they    *         For        Management
      suggest PWC Deutsche revision AG,
      Frankfurt AM Main
7     Approve the resolution on the approved    *         For        Management
      capital and change of articles
8     Grant authority to purchase own shares    *         For        Management


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

ALTANA AG

Ticker:                      Security ID:  D03304108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.83 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Reelect Justus Mische to the Supervisory  For       For        Management
      Board
6     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors
7     Approve Creation of EUR 28 Million and    For       For        Management
      EUR 14 Million Pool of Conditional
      Capital with Preemptive Rights; Approve
      Creation of a EUR 28 Million Pool of
      Conditional Capital without Preemptive
      Rights
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


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

ASTRAZENECA PLC

Ticker:       <NULL>         Security ID:  G0593M107
Meeting Date: APR 29, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Director s report and         *         For        Management
      accounts for the YE 31 DEC 2003
2     Approve the dividends                     *         For        Management
3     Re-appoint KPMG Audit PLC, London as      *         For        Management
      Auditor
4     Authorize the Directors to agree to the   *         For        Management
      remuneration of the Auditor
5     Elect Mr. Percy Barnevik as a Director    *         For        Management
6     Elect Mr. Hakan Mogren as a Director      *         For        Management
7     Elect Sir. Tom Mckillop as a Director     *         For        Management
8     Elect Mr. Jonathan Symonds as a Director  *         For        Management
9     Elect Sir. Peter Bonfield as a Director   *         For        Management
10    Elect Mr. John Buchanan as a Director     *         For        Management
11    Elect Ms. Jane Henney as a Director       *         For        Management
12    Elect Mr. Michele Hooper as a Director    *         For        Management
13    Elect Mr. Joe Jimenez as a Director       *         For        Management
14    Elect Mr. Ema Moller as a Director        *         For        Management
15    Elect Mr. Dame Bridget Ogilvie as a       *         For        Management
      Director
16    Elect Mr.Louis Schweitzer as a Director   *         For        Management
17    Elect Mr. Marcus Wallenberg as a Director *         For        Management
18    Approve the Director s remuneration       *         For        Management
      report for the YE 31 DEC 2003
19    Adopt new Articles of Association         *         For        Management
20    Grant authority for limited EU political  *         For        Management
      donations
21    Authorize the Directors to allot unissued *         For        Management
      shares
22    Authorize the Directors to disapply       *         For        Management
      pre-emption rights
23    Authorize the Company to purchase its own *         For        Management
      shares
24    Grant authority to increase of capital on *         For        Management
      non-executive Director s remuneration


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

ASTRAZENECA PLC (FORMERLY ZENECA PLC)

Ticker:       ZEN            Security ID:  G0593M107
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Confirm First Interim Dividend of USD     For       For        Management
      0.255 Per Ordinary Share and Confirm as
      the Final Dividend the Second Interim
      Dividend of USD 0.540 Per Ordinary Share
3     Reappoint KPMG Audit Plc as Auditors of   For       For        Management
      the Company
4     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
5a    Re-elect Percy Barnevik as Director       For       For        Management
5b    Re-elect Hakan Mogren as Director         For       For        Management
5c    Re-elect Sir Tom McKillop as Director     For       For        Management
5d    Re-elect Jonathan Symonds as Director     For       For        Management
5e    Re-elect Sir Peter Bonfield as Director   For       For        Management
5f    Re-elect John Buchanan as Director        For       For        Management
5g    Re-elect Jane Henney as Director          For       For        Management
5h    Elect Michele Hooper as Director          For       For        Management
5i    Elect Joe Jimenez as Director             For       For        Management
5j    Re-elect Erna Moller as Director          For       For        Management
5k    Re-elect Dame Bridget Ogilvie as Director For       For        Management
5l    Elect Louis Schweitzer as Director        For       For        Management
5m    Re-elect Marcus Wallenberg as Director    For       For        Management
6     Approve Remuneration Report               For       For        Management
7     Adopt New Articles of Association         For       For        Management
8     Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of USD 150,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 140,456,500
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 21,068,745
11    Authorise up to 10 Percent of the         For       For        Management
      Company's Issued Share Capital for Market
      Purchase
12    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 750,000
      to GBP 1,100,000


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

AUSTRALIA & NEW ZEALAND BANKING GROUP LTD

Ticker:       <NULL>         Security ID:  Q09504137
Meeting Date: AUG 13, 2003   Meeting Type: OGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the specified terms of the        *         For        Management
      selective buy-back agreement relating to
      the preference shares issued by the
      Company in SEP 1998 and NOV 1998
2     Amend the Company s Constitution by       *         For        Management
      adding Rule 23.10 immediately after Rule
      23.9
3     Approve to issue, for all purposes        *         For        Management
      including the listing rules of the
      Australian Stock Exchange Ltd, of up to
      12,500,000 reset preferred securities at
      an issue price of AUD 100 each, to raise
      up to AUD 1,250, substantially on the
      specified general terms a


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

AUSTRALIA & NEW ZEALAND BANKING GROUP LTD

Ticker:       <NULL>         Security ID:  Q09504137
Meeting Date: DEC 19, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the annual report, financial      *         No Vote    Management
      statements and the reports of the
      Directors and the Auditors for the YE 30
      SEP 2003
2     Re-elect Mr. J.C. Dahlsen as a Director,  *         For        Management
      who retires in accordance with the
      Company s Constitution
3     Re-elect Mr. C.B. Goode as a Director,    *         For        Management
      who retires in accordance with the
      Company s Constitution
4     PLEASE NOTE THAT THIS IS A SHAREHOLDERS   *         No Vote    Shareholder
      PROPOSAL: Elect Ms. J.I. Buckland as
      aDirector
5     PLEASE NOTE THAT ALTHOUGH THERE ARE 3     *         No Vote    Management
      CANDIDATES TO BE ELECTED AS DIRECTORS,
      THERE ARE ONLY 2 VACANCIES AVAILABLE TO
      BE FILLED AT THE MEETING. THE
      STANDINGINSTRUCTIONS FOR THIS MEETING
      WILL BE DISABLED AND, IF YOU CHOOSE, YOU
      ARE REQUIRED TO VOTE FOR ONLY


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

BANCO BILBAO VIZCAYA ARGENTARIA SA BBVA, BILBAO

Ticker:       <NULL>         Security ID:  E11805103
Meeting Date: FEB 27, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the annual accounts  balance      *         For        Management
      sheet, profit and loss account and
      annualreport  and the management report
      of the Banco Bilbao Vizcaya Argentaria,
      S.A. and its consolidated financial
      Group, the application of earnings,
      dividenddistribution and the Co
2     Approve to cancel the resolution adopted  *         For        Management
      by the ordinary general
      shareholdersmeeting held on 09 MAR 2002
      under item three of the agenda, partially
      executedby the Board of Directors, and to
      delegate to the Board of Directors the
      power to set an increase, f
3     Approve to cancel the resolutions adopted *         For        Management
      by the Company s general shareholders
      meeting of 09 MAR 2002, under item four
      of the agenda, and to authorize tothe
      Board of Directors to issue bonds,
      convertible and/or exchangeable with the
      bank shares, for a ma
4     Amend the following Articles of the       *         For        Management
      Corporate Bye-laws: Article 24, Article
      29, Article 31, Article 34, Article 35,
      Article 37, Article 38 and Article 45
5     Approve the general meeting code of       *         For        Management
      conduct, when appropriate; and
      acknowledgethe Board of Directors code of
      conduct to the general meeting
6     Approve to delegate the powers for        *         For        Management
      requesting the admission and exclusion of
      quotation on the foreign stock exchange
      markets of the Banco Bilbao Vizcaya
      Argentaria, S.A.
7     Authorize the Company to acquire its      *         For        Management
      treasury stock, directly or through its
      Group Companies, in accordance with
      Article 75 of the Spanish Company Law
      leyde sociedades anonimas , establishing
      the limits or requirements for these
      acquisitions, and with th
8     Re-elect the Auditors for 2004            *         For        Management
9     Ratify and re-elect, when appropriate, of *         For        Management
      Members of the Board of Directors
10    Approve to transfer freely available      *         For        Management
      reserves to a special fund for covering
      the costs of possible extraordinary plans
      for early retirements, to the amountand
      under the terms and conditions that the
      Bank of Spain may authorize
11    Authorize the Board of Directors, with    *         For        Management
      express right for its substitution,
      toformalize, correct, interpret and
      implement resolutions adopted by this
      shareholders meeting


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

BARCLAYS PLC

Ticker:       MVCI           Security ID:  G08036124
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Sir Richard Broadbent as Director   For       For        Management
4     Elect Roger Davis as Director             For       For        Management
5     Elect Gary Hoffman as Director            For       For        Management
6     Elect Naguib Kheraj as Director           For       For        Management
7     Elect David Roberts as Director           For       For        Management
8     Re-elect Sir Peter Middleton as Director  For       For        Management
9     Re-elect Stephen Russell as Director      For       For        Management
10    Re-elect Christopher Lendrum as Director  For       For        Management
11    Re-elect Sir Brian Jenkins as Director    For       For        Management
12    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
13    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 82,053,000
15    Authorise 984,600,000 Ordinary Shares for For       For        Management
      Market Purchase


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

BAYER AG

Ticker:       BAY            Security ID:  D07112119
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements, Statutory   For       For        Management
      Reports, and Board Reports; Approve
      Allocation of Income and Dividends of EUR
      0.50 Per Share
2     Approve Discharge of Management Board     For       For        Management
3     Approve Discharge of Supervisory Board    For       For        Management
4     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 4 Billion
      with Preemptive Rights; Approve Creation
      of EUR 186.9 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
5     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
6     Approve Restructuring Plan                For       For        Management
7     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
8     Amend Articles Re: Renumeration of        For       For        Management
      Supervisory Board Members
9     Ratify PWC Deutsche Revision AG as        For       For        Management
      Auditors


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

BAYER AG, LEVERKUSEN

Ticker:       <NULL>         Security ID:  D07112119
Meeting Date: APR 30, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the financial statements and the  *         For        Management
      annual report for the FY 2003 with the
      report of the Supervisory Board, the
      group financial statements and the group
      annual report and approve the
      appropriation of the distributable profit
      of EUR 365,170,960 as fol
2     Ratify the acts of the Board of Managing  *         For        Management
      Directors
3     Ratify the acts of the Supervisory Board  *         For        Management
4     Authorize the Board of Managing Directors *         For        Management
      with the consent of the SupervisoryBoard,
      to issue bearer bonds of up to EUR
      4,000,000,000, having a term of up to 30
      years and conferring convertible and/or
      option rights for new shares of the
      company, on or befo
5     Authorize the Board of Managing Directors *         For        Management
      to acquire shares of the company ofup to
      10% of the share capital, at a price not
      differing more than 10% from the market
      price of the shares, on or before 29 OCT
      2005 and authorize the Boardof Managing
      Directors
6     Approve the restructuring measures,       *         For        Management
      including the partial transfer of the
      Company s chemical and the polymer
      activities to Lanxess
7     Approve the companys profit transfer      *         For        Management
      agreements with its wholly-owned
      subsidiaries Dritte BV GmbH, Vierte BV
      GmbH, GeWoGE Gesell-schaft fuer Wohnen
      und Gebaeudemanagement mbH, and Bayer
      Gesellschaft fuer Beteiligungen mbH,
      effective retroactively from 01
8     Amend the Articles of Association in      *         For        Management
      respect of each member of the
      SupervisoryBoard receiving an annual
      remuneration of EUR 40,000 plus EUR 2,000
      for everyEUR 50,000,000 or part thereof
      by which the gross cash flow of the past
      FY exceeds EUR 3,100,000,000
9     Appoint PwC, Essen as the Auditors for    *         For        Management
      the FY 2004


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

BAYER AG, LEVERKUSEN

Ticker:       <NULL>         Security ID:  D07112119
Meeting Date: APR 30, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the financial statements, the     *         For        Management
      annual report, the Supervisory Board
      report, the Group financial statements
      and the Group annual report for the 2003
      FY; approve to the distributable profit
      of EUR 365,170,960 as: payment of a
      dividend of EUR 0.50 per
2     Ratify the acts of the Board of Managing  *         For        Management
      Directors
3     Ratify the acts of the Supervisory Board  *         For        Management
4     Authorize the Board of Managing Directors *         For        Management
      to issue bearer bonds of up to EUR
      4,000,000,000 having a term of up to 3
      years and conferring conversion and or
      option rights for new shares of the
      Company, on or before 29 APR 2009; grant
      the shareholders the su
5     Authorize the Board of Managing Directors *         For        Management
      to acquire shares of the Company ofupto
      10% of the share capital, at a price not
      differing more than 10% from themarket
      price of the shares, on or before 29 OCT
      2005; authorize the Board ofMDs to
      dispose the share
6     Approve restructuring measures including  *         For        Management
      the partial transfer of the
      Companyschemical and polymer activities
      to Lanxess
7     Approve the Companys profit transfer      *         For        Management
      agreements with its wholly-owned
      subsidiaries Dritte BV GmbH, Vierte BV
      GmbH, GeWoGE Gesellschaft fuer Wohnen and
      Gebaeudemanagement mbH and Bayer
      Gesellschaft fuer Beteiligungen mbH
      effective retroactively from 01 JAN
8     Amend the Article of Association in       *         For        Management
      respect of each member of the
      SupervisoryBoard receiving an annual
      remuneration of EUR 40,000 plus EUR 2,000
      for everyEUR 50,000,000 or part thereof
      by which the gross cash flow of the past
      FY exceeds EUR 3,100,000,000
9     Appoint PwC, Essen, as the Auditors for   *         For        Management
      the FY 2004


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

BAYERISCHE MOTOREN WERKE AG (BMW)

Ticker:                      Security ID:  D12096109
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.58 per Common Share
      and EUR 0.60 per Preference Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors
6     Elect Volker Doppelfeld, Franz Haniel,    For       For        Management
      Arthur Kelly, Susanne Klatten, Hubert
      Markl, Wolfgang Mayrhuber, Joachim
      Milberg, Stefan Quandt, Juergen Strube,
      and Hans-Dietrich Winkhaus to the
      Supervisory Board


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

BHP BILLITON PLC

Ticker:       <NULL>         Security ID:  G10877101
Meeting Date: OCT 24, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the financial statements for BHP  *         For        Management
      Billiton Limited for the YE 30 JUN 2003,
      together with the Directors  report and
      the Auditors  report in the annualreport
2     Receive the financial statements for BHP  *         For        Management
      Billiton PLC for the YE 30 JUN
      2003,together with the Directors  report
      and the Auditors  report in the annual
      report
3     Re-elect Mr. D.C. Brinks as a Director of *         For        Management
      BHP Billiton Limited, who retires
      byrotation
4     Re-elect Mr. D.C. Brinks as a Director of *         For        Management
      BHP Billiton PLC, who retires by rotation
5     Re-elect Mr. M.A. Chaney as a Director of *         For        Management
      BHP Billiton Limited, who retires
      byrotation
6     Re-elect Mr. M.A. Chaney as a Director of *         For        Management
      BHP Billiton PLC, who retires by rotation
7     Re-elect Lord Renwick of Clifton as a     *         For        Management
      Director of BHP Billiton Limited, who
      retires by rotation
8     Re-elect Lord Renwick of Clifton as a     *         For        Management
      Director of BHP Billiton PLC, who retires
      by rotation
9     Elect Mr. M. Salamon as a Director of BHP *         For        Management
      Billiton Limited
10    Elect Mr. M. Salamon as a Director of BHP *         For        Management
      Billiton PLC
11    Elect Mr. Dr. J G Buchanan as a Director  *         For        Management
      of BHP Billiton Limited
12    Elect Mr. Dr. J G Buchanan as a Director  *         For        Management
      of BHP Billiton PLC
13    Re-appoint KPMG Audit PLC and             *         For        Management
      PricewaterhouseCoopers LLP as the
      auditors of BHP Billiton PLC and
      authorize the Directors to agree their
      remuneration
14    Approve to renew the authority and power  *         For        Management
      to allot relevant securities conferred on
      the Directors by Article 9 of BHP
      Billiton PLC   s Articles of Association
      for the period ending on the date of the
      BHP Billiton PLC AGM in 2004 or on23 JAN
      2005 whichever
15    Approve to renew the authority and power  *         For        Management
      to allot equity securities for cash
      conferred on the Directors by Article 9
      of BHP Billiton PLC   s Articles of
      Association for the period referred to in
      such resolution and for such period
      thesection 89 amount  un
16    Authorize the BHP Billiton PLC, in        *         For        Management
      accordance with Article 6 of the Articles
      of Association of the Company and Section
      166 of the Companies Act 1985, to make
      market purchases  Section 163  of up to
      246,814,700 ordinary shares of USD 0.50
      nominal value eac
17    Approve the remuneration report for the   *         For        Management
      YE 30 JUN 2003
18    Approve, for all purposes, including for  *         For        Management
      the purpose of ASX Listing Rule 10.14,
      the grant of deferred shares, options and
      performance shares to Executive Director
      and Chief Executive Officer, Mr. C. W.
      Goodyear, under the BHP BillitonLimited
      Group Incenti
19    Approve, for all purposes, including for  *         For        Management
      the purpose of ASX Listing Rule 10.14,
      the grant of deferred shares, options and
      performance shares to Executive Director
      and Senior Minerals Executive, Mr. M.
      Salamon, under the BHP Billiton Limited
      Group Incentiv


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

BNP PARIBAS SA (FM. BANQUE NATIONALE DE PARIS)

Ticker:                      Security ID:  F1058Q238
Meeting Date: MAY 13, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.175 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Nominal Value of Up to EUR 30 Billion
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Louis Schweitzer as Director      For       For        Management
8     Reelect Lindsay Owen-Jones as Director    For       For        Management
9     Confirm Expiration of Term of David Peake For       For        Management
      as Director
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 340 Million
13    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1 Billion for Bonus Issue or
      Increase in Par Value
14    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
15    Amend Terms of Capital Increase Reserved  For       For        Management
      for Employees Participating in
      Savings-Related Share Purchase Plan
      Submitted to Shareholder Vote at May 14,
      2003, AGM/EGM
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Amend Articles of Association Re: Role of For       For        Management
      Chairman, Access to Information, Internal
      Control Procedures, Convening of Board
      Meetings, and Signing of the Minutes of
      Board Meetings
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

BNP PARIBAS SA (FM. BANQUE NATIONALE DE PARIS)

Ticker:                      Security ID:  F1058Q238
Meeting Date: MAY 28, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.175 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Nominal Value of Up to EUR 30 Billion
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Reelect Louis Schweitzer as Director      For       For        Management
8     Reelect Lindsay Owen-Jones as Director    For       For        Management
9     Confirm Expiration of Term of David Peake For       For        Management
      as Director
10    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 340 Million
13    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 1 Billion for Bonus Issue or
      Increase in Par Value
14    Allow Board to Issue Shares in the Event  For       For        Management
      of a Public Tender Offer or Share
      Exchange Offer, Subject to Certain
      Conditions
15    Amend Terms of Capital Increase Reserved  For       For        Management
      for Employees Participating in
      Savings-Related Share Purchase Plan
      Submitted to Shareholder Vote at May 14,
      2003, AGM/EGM
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Amend Articles of Association Re: Role of For       For        Management
      Chairman, Access to Information, Internal
      Control Procedures, Convening of Board
      Meetings, and Signing of the Minutes of
      Board Meetings
18    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

BOC GROUP PLC

Ticker:       <NULL>         Security ID:  G12068113
Meeting Date: JAN 23, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the report of the Directors and   *         For        Management
      the audited accounts for the YE 30
      SEP2003
2     Approve the Directors  remuneration       *         For        Management
      report for the YE 30 SEP 2003
3     Elect Mr. Andrew Bonfield as a Director,  *         For        Management
      who retires in accordance with Article 86
4     Re-elect Sir Christopher O Donnell as a   *         For        Management
      Director, who retires by rotation
5     Re-elect Ms. Julie Baddeley as a          *         For        Management
      Director, who retires by rotation
6     Re-elect Mr. John Walsh as a Director,    *         For        Management
      who retires by rotation
7     Re-appoint PricewaterhouseCoopers, LLP,   *         For        Management
      as the Auditors of the Company until the
      conclusion of the next general meeting
      before which accounts are laid
8     Authorize the Directors to determine the  *         For        Management
      Auditors  remuneration
9     Approve the Company dividend policy       *         For        Management
10    Authorize the Company, for the purposes   *         For        Management
      of Part XA of the Companies Act 1985,to
      make donations to EU political
      organization and to incur EU political
      expenditure up to a maximum aggregate
      amount of GBP 150,000;  Authority expires
      atthe end of the next AGM
11    Authorize the Directors, pursuant to      *         For        Management
      Section 80 of the Companies Act 1985,
      toallot relevant securities  Section 80
      up to an aggregate nominal amount of GBP
      18,580,721;  Authority expires the
      earlier of the conclusion of the next
      AGMor 15 months ; and the
12    Authorize the Directors, subject to the   *         For        Management
      passing of Resolution 11 and pursuantto
      Section 95 of the Companies Act 1985, to
      allot equity securities  Section 94  for
      cash, disapplying the statutory
      pre-emption rights  Section 89(1) ,
      provided that this power
13    Authorize the Company, for the purpose of *         For        Management
      Section 166 of the Companies Act 1985, to
      make market purchases  Section 163(3)  of
      up to 49,778,680 ordinary shares, at a
      minimum price of 25p and not more than 5%
      above the average middle market
      quotations for s
14    Amend the Articles of Association         *         For        Management


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

BOUYGUES SA

Ticker:                      Security ID:  F11487125
Meeting Date: APR 22, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.75 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Ratify Cooptation of Charles de Croisset  For       For        Management
      as Director
6     Ratify Cooptation of Thierry Jourdaine as For       For        Management
      Director
7     Reelect Charles de Croisset as Director   For       For        Management
8     Reelect Yves Gabriel as Director          For       For        Management
9     Reelect Financiere Pinault as Director    For       For        Management
10    Elect Alain Pouyat as Director            For       For        Management
11    Reappoint Mazars & Guerard as Auditors    For       For        Management
12    Reappoint Thierry Colin as Alternate      For       For        Management
      Auditor
13    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of up to EUR 4
      Billion
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Capital
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 150 Million
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 150 Million
17    Allow Board to Use All Outstanding        For       Against    Management
      Capital Authorizations in the Event of a
      Public Tender Offer or Share Exchange
      Offer
18    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
20    Approve Stock Option Plan Grants          For       Against    Management
21    Amend Articles to Reflect 2003 Financial  For       For        Management
      Security Legislation Re: Responsibilities
      of the Chairman
22    Amend Articles to Reflect 2003 Financial  For       For        Management
      Security Legislation Re: Access to
      Company Information
23    Authorize Filing of Required              For       Abstain    Management
      Documents/Other Formalities


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

BOUYGUES, GUYANCOURT

Ticker:       <NULL>         Security ID:  F11487125
Meeting Date: APR 22, 2004   Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the accounts and the balance      *         For        Management
      sheet for the FY 2003, of net profits
      EUR216,422,001.36 and grant permanent
      discharge to the Directors on completion
      of their assignments for the FY 2003
2     Approve the consolidated accounts at 31   *         For        Management
      DEC 2003, of net profits Group sharesEUR
      450,000,000.00
3     Approve the appropriation of profits as   *         For        Management
      follows: profits for the FY: EUR
      219,302,777.88; special reserve on long
      term capital gain: EUR 5,437,937.00;
      globaldividend: EUR 16,659,988.45;
      additional dividend: 149,939,986.05;
      balance carried forward: EUR 47,2
4     Approve the Special Auditors report, in   *         For        Management
      accordance with the provisions of
      Articles L.225-40 and l.225-38 of the
      French Commercial Law
5     Appoint Mr. Charles De Croisset as a      *         For        Management
      Director replacing Mr. Alain Pouyat,
      forthe uneffected part of his term
6     Appoint Mr. Thierry Jourdaine as a        *         For        Management
      Director replacing Mr. Daniel
      Devillebichot, for the uneffected part of
      his term
7     Approve to renew the term of office of    *         For        Management
      Mr. Charles De Croisset as a Director for
      6 years
8     Approve to renew the term of office of    *         For        Management
      Mr. Yves Gabriel as a Director for 6
      years
9     Approve to renew the term of office of    *         For        Management
      Mr. Financiere Pinault as a Director for
      6 years
10    Appoint Mr. Alain Pouyat as a Director    *         For        Management
      for 6 years
11    Approve to renew the term of office of    *         For        Management
      Mazars Et Guerard as the Auditor for
      6years
12    Approve to renew the term of office of    *         For        Management
      Thierry Colin as the Deputy Auditor for6
      years
13    Authorize the Board, in substitution for  *         For        Management
      the authority of the CGM on 25 May 2000,
      to issue debt securities for a maximum
      amount of EUR 4,000,000,000.00,
      securities with interest rate and/or
      premium should be included in this
      amount;Authority expires at th
14    Authorize the Board, in substitution for  *         For        Management
      the authority of the CGM on 24 APR 2003,
      to repurchase the Company shares at a
      maximum price of 1,000,000,000.00;not
      exceeding 10% of the share capital ; to
      trade the Company s shares on thestock
      exchange in view o
15    Authorize the Board, in substitution for  *         For        Management
      the authority of the CGM on 25 APR 2002,
      to increase the share capital by issuing
      shares and securities, giving access to
      the share capital with preferential
      subscription right and by incorporation
      of reserves, not
16    Authorize the Board, in substitution for  *         For        Management
      the authority of the CGM on 25 APR 2002,
      to issue shares and securities capital by
      issuing shares and securities, giving
      access to the share capital with
      preferential subscription right and
      byincorporation of reser
17    Approve that Resolution 15 and 16 above   *         Against    Management
      shall be used in a period of take-overbid
      or exchange the amount of EUR
      150,000,000,000.00; the authority is
      validtill the meeting called to
      deliberate on the 2004 accounts and
      approve the subscribers to the 1.70% 1
18    Authorize the Board to issue shares to be *         Against    Management
      paid-up in cash, not exceeding 10% of the
      share capital, this share issue be
      reserved to the employees of the Group
      who subscribed to 1 of the Group Saving
      Plans, such capital increase shall not
      exceed 10% of the
19    Grant all power to the Board to decrease  *         For        Management
      the share capital, by canceling
      repurchased shares, not exceeding 10% of
      the share capital in 24 months; reduce
      theshare capital and modify the Articles
      accordingly;  Authority expires at theend
      of 18 months ;
20    Authorize the Board to issue options to   *         Against    Management
      subscribe or to buy shares, in accordance
      with Article L.225-182 of the French
      Decree of 23 MAR 1967, these optionsshall
      be exercised not later than 7 years after
      they are granted and are reserved to some
      categories
21    Modify the By-laws Articles 13 in         *         For        Management
      accordance with financial security law
22    Modify the By-laws Articles 15 in         *         For        Management
      accordance with financial security law
23    Delegate all powers for the Board of      *         Abstain    Management
      Directors to grant stock options
24    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t


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

BP PLC

Ticker:       <NULL>         Security ID:  G12793181
Meeting Date: APR 15, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Re-elect the Lord Browne of Madingley as  *         For        Management
      a Director
2     Re-elect Dr. B. E. Grote as a Director    *         For        Management
3     Re-elect Mr. H. M. P. Miles as a Director *         For        Management
4     Re-elect Sir Robin Nicholson as a         *         For        Management
      Director
5     Re-elect Mr. R. L. Olver as a Director    *         For        Management
6     Re-elect Sir Ian Prosser as a Director    *         For        Management
7     Elect Mr. A. Burgmans as a Director       *         For        Management
8     Reappoint Ernst & Young LLP as Auditors   *         For        Management
      until the conclusion of the next GM
      before which accounts are laid and
      authorize the Directors to set the
      Auditorsremuneration for 2004
9     Amend the Company s Articles of           *         For        Management
      Association (a) with immediate effect, by
      inserting the words,  or otherwise in
      accordance with section 95 of the Act,
      intoArticle 13(B)(ii) directly after the
      word  authority ; and (b) with effect
      from the conclusion of t
10    Renew the Directors  authority by Article *         For        Management
      13 of the Company s Articles of
      Association to allot relevant securities
      up to an aggregate nominal amount equal
      to the Section 80 amount of USD 1,820
      million; for the period ending on the
      date of the Annual Gener
11    Renew the Directors authority by Article  *         For        Management
      13 of the Company s Articles of
      Association to allot equity securities
      wholly for cash (a) in connection with a
      rights issue; and (b) otherwise than in
      connection with a rights issue up to an
      aggregate nominal amou
12    Authorize the Company generally and       *         For        Management
      unconditionally to make market purchases
      (as defined in Section 163(3) of the
      Companies Act 1985) of ordinary shares
      with nominal value of USD 0.25 each in
      the company, provided that: (a) the
      Company does not purchase u
13    Authorize the Company to use shares held  *         For        Management
      in treasury for the purposes of or
      pursuant to the employee share schemes
      operated by the Company
14    Approve the Directors  remuneration       *         For        Management
      report for the YE 31 DEC 2003
15    Determine, in accordance with Article 91  *         For        Management
      of the Company s Articles of Association,
      that the remuneration of the Directors
      shall be such amount as the Directors
      shall decide not exceeding in aggregate
      GBP 2,500,000 per annum
16    Receive the report of the Directors and   *         For        Management
      accounts for the YE 31 DEC 2003
17    PLEASE NOTE THAT THIS IS A SHAREHOLDER    *         Against    Shareholder
      RESOLUTION: Approve, shareholders
      instruct the company to prepare a report
      disclosing, as appropriate, how the
      company analyses and takes steps to
      control significant risks to shareholder
      value from operating in prot


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

BP PLC  (FORM. BP AMOCO PLC )

Ticker:       BP.PP          Security ID:  G12793181
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Re-elect The Lord Browne of Madingley as  For       For        Management
      Director
2     Re-elect Byron Grote as Director          For       For        Management
3     Re-elect Michael Miles as Director        For       For        Management
4     Re-elect Sir Robin Nicholson as Director  For       For        Management
5     Re-elect Dick Olver as Director           For       For        Management
6     Re-elect Sir Ian Prosser as Director      For       For        Management
7     Elect Antony Burgmans as Director         For       For        Management
8     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
9     Amend Articles of Association Re:         For       For        Management
      Treasury Shares and Annual Retirement of
      Directors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      USD 1,820 Million
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of USD 273 Million
12    Authorise 2.2 Billion Shares for Market   For       For        Management
      Purchase
13    Authorise the Company to use Treasury     For       For        Management
      Shares for the Purpose of the Employee
      Share Schemes Operated by the Company
14    Approve Remuneration Report               For       For        Management
15    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 1.5
      Million to GBP 2.5 Million
16    Accept Financial Statements and Statutory For       For        Management
      Reports
17    Require the Company to Prepare a Report   Against   Against    Shareholder
      Re: Mitigating Risks to Shareholder Value
      when Operating in Protected and Sensitive
      Areas


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

BRAMBLES INDUSTRIES LTD

Ticker:       <NULL>         Security ID:  Q17481104
Meeting Date: NOV 18, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Directors  report, Auditors   *         For        Management
      report and the financial statements for
      Brambles Industries Limited for the YE 30
      JUN 2003
2     Receive the reports and the accounts for  *         For        Management
      Brambles Industries PLC for the YE 30JUN
      2003
3     Approve the Brambles  remuneration report *         For        Management
      for the YE 30 JUN 2003, as containedin
      the Brambles Industries PLC annual review
      2003
4     Re-elect Mr. R.D. Brown as a Director to  *         For        Management
      the Board of Brambles Industries Limited,
      who retires by rotation
5     Re-elect Mr. R.D. Brown as a Director to  *         For        Management
      the Board of Brambles Industries PLC,who
      retires by rotation
6     Re-elect Sir. C.K. Chow as a Director to  *         Abstain    Management
      the Board of Brambles Industries Limited,
      who retires by rotation
7     Re-elect Sir. C.K. Chow as a Director to  *         Abstain    Management
      the Board of Brambles Industries PLC,who
      retires by rotation
8     Re-elect Sir. David Lees as a Director to *         For        Management
      the Board of Brambles Industries Limited,
      who retires by rotation
9     Re-elect Sir. David Lees as a Director to *         For        Management
      the Board of Brambles Industries PLC, who
      retires by rotation
10    Re-elect Mr. R.C. Milne as a Director to  *         For        Management
      the Board of Brambles Industries Limited,
      who retires by rotation
11    Re-elect Mr. R.C. Milne as a Director to  *         For        Management
      the Board of Brambles Industries PLC,who
      retires by rotation
12    Re-appoint PricewaterhouseCoopers LLP as  *         For        Management
      the Auditors of Brambles Industries PLC
      until the conclusion of the next general
      meeting at which the accounts arelaid
      before that Company
13    Authorize the Directors to agree the      *         For        Management
      Auditors  fees
14    Approve to renew the authority given to   *         For        Management
      the Directors, by Article 7 of Brambles
      Industries PLC s Articles of Association,
      to allot relevant securities untilthe end
      of the AGM to be held in 2004 and for
      that period Section 80 amount shall be
      AUD 8,812,882
15    Approve to renew the authority given to   *         For        Management
      the Directors by Article 7 of
      BramblesIndustries PLC s Articles of
      Association, to allot equity securities
      for cashuntil the end of the AGM to be
      held in 2004 and for that period Section
      89 amount shall be AUD 1,809
16    Authorize Brambles Industries PLC to make *         For        Management
      market purchases  Section 163(3) ofUK
      Companies Act 1985  of up to 72,374,235
      ordinary shares of 5 pence each which may
      be purchased by Brambles Industries PLC,
      at a minimum price of 5 penceand up to
      105% of the a
17    Approve for all purposes, the rules of    *         For        Management
      the Brambles Industries Limited dividend
      reinvestment plan, including the
      Australian Stock Exchange Listing Rules
      7.2and 10.12
18    Authorize the Directors to: a) exercise   *         For        Management
      the power contained in the Articles
      ofAssociation of Brambles Industries PLC
      so that, to the extent and in the manner
      determined by the Directors, the holders
      of ordinary shares in Brambles Industries
      PLC be permitt
19    Amend the Brambles Industries PLC         *         For        Management
      Articles of Association by deleting the
      existing paragraph (b) of Article 63 and
      substituting a new paragraph


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

BRITISH SKY BROADCASTING GROUP PLC

Ticker:       <NULL>         Security ID:  G15632105
Meeting Date: NOV 14, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and adopt the financial           *         For        Management
      statements for the YE 30 JUN 2003,
      together with the report of the Directors
      and the Auditors thereon
2     Elect Mr. Lord Wilson of Dinton as a      *         For        Management
      Director
3     Elect Mr. James Murdoch as a Director     *         For        Management
4     Elect Mr. Chase Carey as a Director       *         For        Management
5     Re-appoint Mr. David Evans as a Director  *         For        Management
6     Re-appoint Mr. Lord St. John of Fawsky as *         Against    Management
      a Director
7     Re-appoint Mr. Martin Stewart as a        *         For        Management
      Director
8     Re-appoint Deloitte & Touche LLP as the   *         For        Management
      Auditors and authorize the Directors to
      agree their remuneration
9     Receive the remuneration report of the    *         For        Management
      Directors for the YE 30 JUN 2003
10    Authorize the Company, for the purposes   *         For        Management
      of Part XA of the Companies Act 1985,to
      make donations to EU political
      organization and to incur EU political
      expenditure up to a maximum aggregate
      amount of GBP 200,000;  Authority expires
      atthe conclusion of the n
11    Authorize the Directors, in substitution  *         For        Management
      for any existing authority, pursuantto
      and in accordance with Section 80 of the
      Companies Act 1985, to allot relevant
      securities up to an aggregate nominal
      amount of GBP 19,000,000  33% of
      thenominal issued share c
12    Authorize the Directors to allot shares   *         For        Management
      for cash on non pre-emptive basis up to a
      maximum nominal value of GBP 48,000,000
      5% of the nominal issued ordinaryshare
      capital of the Company as at 09 SEP 2003
13    Authorize the Directors to reduce the     *         For        Management
      Company s share premium account
      approximately GBP 2.5 billion  by GBP
      1.120 billion; to utilized this amount to
      writedown the accumulated losses in the
      Company s balance sheet, thereby
      removingthe deficit as at 30 JU


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

CARREFOUR S.A.

Ticker:                      Security ID:  F13923119
Meeting Date: APR 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Acquisition of Societe Financiere For       For        Management
      Labruyere Eberle and Issuance of 6.46
      Million Shares in Connection with
      Acquisition
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.74 per Share
5     Amend Articles of Association to Reduce   For       For        Management
      Terms of Board Members from Six Years to
      Four Years
6     Ratify Cooptation of Luc Vandevelde as    For       For        Management
      Director
7     Reelect Daniel Bernard as Director        For       For        Management
8     Reelect Carlos March as Director          For       For        Management
9     Reelect Jacques Badin as Director         For       For        Management
10    Reelect Francois Henrot as Director       For       For        Management
11    Reelect Christian Blanc as Director       For       For        Management
12    Elect Jose-Luis Leal-Maldonado as         For       For        Management
      Director
13    Authorize Repurchase of Up to 71,614,230  For       For        Management
      Shares
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Approve Stock Option Plan Grants          For       Against    Management
16    Amend Articles of Association Re: Board   For       For        Management
      Representation, Auditor Participation at
      Board Meetings, and Use of Electronic
      Media at Shareholder Meetings


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

CARREFOUR S.A.

Ticker:                      Security ID:  F13923119
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Acquisition of Societe Financiere For       For        Management
      Labruyere Eberle and Issuance of 6.46
      Million Shares in Connection with
      Acquisition
4     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 0.74 per Share
5     Amend Articles of Association to Reduce   For       For        Management
      Terms of Board Members from Six Years to
      Four Years
6     Ratify Cooptation of Luc Vandevelde as    For       For        Management
      Director
7     Reelect Daniel Bernard as Director        For       For        Management
8     Reelect Carlos March as Director          For       For        Management
9     Reelect Jacques Badin as Director         For       For        Management
10    Reelect Francois Henrot as Director       For       For        Management
11    Reelect Christian Blanc as Director       For       For        Management
12    Elect Jose-Luis Leal-Maldonado as         For       For        Management
      Director
13    Authorize Repurchase of Up to 71,614,230  For       For        Management
      Shares
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Approve Stock Option Plan Grants          For       Against    Management
16    Amend Articles of Association Re: Board   For       For        Management
      Representation, Auditor Participation at
      Board Meetings, and Use of Electronic
      Media at Shareholder Meetings


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

CARREFOUR SA

Ticker:       <NULL>         Security ID:  F13923119
Meeting Date: APR 27, 2004   Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Board of Directors report,    *         For        Management
      and the General Auditors report and
      approve the accounts and the balance
      sheet for the FY 2003 and grant permanent
      discharge to the Board of Directors for
      the completion of its assignment for
      thecurrent year
2     Acknowledge that the consolidated         *         For        Management
      accounts were presented, and that the
      Boardof Directors report for the Group is
      included in the Board of Directors report
3     Acknowledge the Amalgamation-Merger       *         For        Management
      Project of The Labruyere Eberle
      FinancialCompany by the Carrefour Company
      dated 11 MAR 2004, under which it is
      stated that the Company shall contribute
      the total of its assets, with the
      corresponding taking-over of all
4     Approve the appropriation of the profits  *         For        Management
      as follows: profits for the FY: EUR
      2,073,415,918.80 reduced by the
      contribution to the legal reserve: EUR
      59,041,836.88 increased of the prior
      retained earnings: EUR 55,228,432.84;
      available total: 2,069,602,514.7
5     Approve to reduce the duration of the     *         For        Management
      mandate of the Directors from 6 years to4
      years and amend the Article of
      Associations No. 15-i
6     Approve the co-optation of Mr. Luc        *         For        Management
      Vandevelde as Director for a period of 1
      year
7     Approve to renew the term of office of    *         For        Management
      Mr. Daniel Bernard as a Director for
      aperiod of 4 ans
8     Approve to renew the term of office of    *         For        Management
      Mr. Carlos March as a Director for a
      period of 4 years
9     Approve to renew the term of office of    *         For        Management
      Mr. Jacques Badin as a Director for a
      period of 4 years
10    Approve to renews the term of office of   *         For        Management
      Mr. Francois Henrot as a Director fora
      period of 4 years
11    Approve to renew the term of office of    *         For        Management
      Mr. Christian Blanc as a Director for
      aperiod of 4 years
12    Appoint Mr. Jose-Luis Leal-Maldonado as a *         For        Management
      Director for a period of 4 years
13    Authorize the Board of Directors to trade *         For        Management
      the Company s shares on the Stock
      Exchange, notably in view of adjusting
      their price as per the following
      conditions: maximum purchase price: EUR
      75.00; minimum selling price: EUR 25.00;
      maximum number of shares t
14    Authorize the Board of Directors to       *         For        Management
      decrease the share capital by canceling
      the shares held by the Company in
      connection with a Stock Repurchase Plan,
      within a limit of 10% over a 24-month
      period and authorize the Board of
      Directors to take all necessary
15    Authorize the Board of Directors to grant *         Against    Management
      to the benefit of Members be chosenby it,
      stock options granting the right to
      purchase the Company s shares at the cost
      price of the shares fixed by the Board of
      Directors when the option will be
      granted, cannot b
16    Amend the Article of Associations No.     *         For        Management
      17-ii, No. 20-ii and No. 25-ii and iii
17    Please note that the meeting date is      *         No Vote    Management
      revised from 19 APR 2004 (First call)
      to27 APR 2004 at 9. 30 am. (Second call).
      Please also note the new cutoff date.if
      you have already sent your votes, please
      do not return this proxy form unless you
      decide to amend
18    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t


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

CREDIT AGRICOLE SA

Ticker:                      Security ID:  F22797108
Meeting Date: MAY 19, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.825 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Elect Alain Dieval as Director in         For       For        Management
      Replacement of Pierre Bastide
6     Elect Daniel Lebegue as Director in       For       For        Management
      Replacement of Jean Peyrelevade
7     Elect Michel Michaut as Director in       For       For        Management
      Replacement of Jean-Marie Sander
8     Reelect Pierre Bru as Director            For       For        Management
9     Reelect Yves Couturier as Director        For       For        Management
10    Reelect Pierre Kerfriden as Director      For       For        Management
11    Reelect Jean Le Brun as Director          For       For        Management
12    Confirm End of Term of Cabinet Alain      For       For        Management
      Laine as Auditors and Cabinet Mazars &
      Guerard as Deputy Auditor and Appoint New
      Auditors
13    Authorize Issuance of Bonds/Debentures Up For       For        Management
      to Aggregate Amount of EUR 20 Billion
14    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 670,000
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Billion
17    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 1 Bilion
18    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 3 Billion for Bonus Issue or
      Increase in Par Value
19    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

CREDIT SUISSE GROUP (FORMERLY CS HOLDING)

Ticker:       CSR            Security ID:  H3698D419
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3.1   Approve Allocation of Income and Omission For       For        Management
      of Dividends
3.2   Approve CHF 597.5 Million Reduction in    For       For        Management
      Share Capital via Reduction in Par Value
      and Repayment to Shareholders
4.1   Reelect Thomas Bell and Aziz Syriani as   For       For        Management
      Directors; Elect Peter Weibel, Noreen
      Doyle, and David Syz as Directors
4.2   Reelect KPMG Klynveld Peat Marwick        For       For        Management
      Goerdeler SA as Auditors
4.3   Reelect BDO Sofirom as Special Auditors   For       For        Management
5.1   Amend Articles Re: Submission of          For       For        Management
      Shareholder Proposals
5.2   Amend Articles Re: Delete Provisions      For       For        Management
      Concerning Contributions In Kind


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

CREDIT SUISSE GROUP, ZUERICH

Ticker:       <NULL>         Security ID:  H3698D419
Meeting Date: APR 30, 2004   Meeting Type: OGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO VOTE IN THE UPCOMING MEETING, YOUR     *         For        Management
      NAME MUST BE NOTIFIED TO THE COMPANY
      REGISTRAR AS BENEFICIAL OWNER BEFORE THE
      RECORD DATE.  PLEASE ADVISE US NOW IF YOU
      INTEND TO VOTE.  NOTE THAT THE COMPANY
      REGISTRAR HAS DISCRETION OVER GRANTING
      VOTING RIGHTS.  ONC


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

CRH PLC

Ticker:       CRHCY          Security ID:  G25508105
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Dividends                         For       For        Management
3a    Elect D.M. Kennedy as Director            For       For        Management
3b    Elect P.J. Molloy as Director             For       For        Management
3c    Elect W.I. O'Mahony as Director           For       For        Management
3d    Elect D.W. Doyle as Director              For       For        Management
3e    Elect J.M. de Jong as Director            For       For        Management
3f    Elect M. Lee as Director                  For       For        Management
3g    Elect T.V. Neill as Director              For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5     Approve Issuance of Equity Securities     For       For        Management
      without Preemptive Rights
6     Approve Stock Dividend Program            For       For        Management
7     Amend Articles Re: Company Inquiries Into For       For        Management
      Beneficial Ownership of Shares
8     Amend Articles Re: Discharge of D&O       For       For        Management
      Liability Insurance
9     Amend Articles Re: Repurchase of Shares   For       For        Management
10    Authorize Share Repurchase Program of 10% For       For        Management
      of Outstanding Ordinary Share Capital
11    Authorize Re-issuance of Repurchased      For       For        Management
      Shares


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

DAIMLERCHRYSLER AG

Ticker:                      Security ID:  D1668R123
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 1.50 per Share                     Vote
3     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
5     Ratify KPMG Deutsche                      For       Did Not    Management
      Treuhand-Gesellschaft AG as Auditors                Vote
6     Authorize Repurchase of up to Ten Percent For       Did Not    Management
      of Issued Share Capital; Authorize Board            Vote
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
7     Elect Robert Lanigan, Hilmar Kopper, Earl For       Did Not    Management
      Graves, Victor Halberstadt, Peter                   Vote
      Magowan, William Owens, Manfred
      Schneider, Bernhard Walter, Lynton
      Wilson, and Mark Woessner to the
      Supervisory Board


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

DAIMLERCHRYSLER AG, STUTTGART

Ticker:       <NULL>         Security ID:  D1668R123
Meeting Date: APR 7, 2004    Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE DISREGARD THE PREVIOUSLY SENT NOTE *         No Vote    Management
      ON POWER OF ATTORNEY REQUIREMENTS. THANK
      YOUNS IN THIS MARKET.  ABSENCE OF A POA,
      MAY CAUSE YOUR INSTRUCTIONS TO BE
      REJECTED.  SHOULD YOU HAVE ANY QUESTIONS,
      PLEASE CONTACT YOUR CLIENT SERVICE
      REPRESENTATIVE AT AD
2     Receive the financial statements and the  *         For        Management
      annual report for the FY 2003, with the
      report of the Supervisory Board, the
      Group financial  statements and the Group
      annual report
3     Approve the appropriation of the          *         For        Management
      distributable profit of EUR
      1,519,236,286.50as follows: payment of a
      dividend of EUR 1.50 per no-par share and
      ex-dividendpayable date: 08 APR 2004
4     Ratify the acts of the Board of Managing  *         Against    Management
      Directors
5     Ratify the acts of the Supervisory Board  *         Against    Management
6     Appoint KPMG AG, Frankfurt and Berlin, as *         For        Management
      the Auditors for the FY 2004
7     Authorize the Company to acquire own      *         For        Management
      shares of up to EUR 263,000,000, at a
      price not more than 5% from the market
      price of the shares if they are acquired
      through the stock exchange, not more than
      20% if they are acquired by way of
      arepurchase offer, on o
8     Elect the Supervisory Board               *         For        Management
9     Approve the modification of the           *         Against    Management
      Supervisory Board remuneration; each
      Member ofthe Supervisory Board will
      receive a fixed annual remuneration of
      EUR 55,000plus a performance based
      remuneration in the form of phantom
      shares of up to EUR 20,000; and the Chai
10    Please be advised that  DAIMLERCHRYSLER   *         No Vote    Management
      AG  shares are issued in registered form
      and as such do not require share blocking
      in order to entitle you to vote.Thank you


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

DENSO CORP.

Ticker:                      Security ID:  J12075107
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 11,
      Final JY 13, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Expand Business Lines  For       For        Management
      - Reduce Board Size - Reduce Directors
      Term in Office - Authorize Share
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Amend Stock Option Plans Approved at Last For       For        Management
      Four AGMs
7     Approve Retirement Bonuses for Directors  For       For        Management


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

DIAGEO PLC

Ticker:       <NULL>         Security ID:  G42089113
Meeting Date: OCT 22, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Directors  and the Auditors   *         For        Management
      reports and the accounts for the YE 30
      JUN 2003
2     Approve the Directors  remuneration       *         For        Management
      report for the YE 30 JUN 2003
3     Declare a final dividend on the ordinary  *         For        Management
      shares
4     Re-elect Lord Blyth of Rowington as a     *         For        Management
      Director
5     Re-elect Mr. J.K. Oates as a Director     *         For        Management
6     Re-elect Mr. P.S. Walsh as a Director     *         For        Management
7     Re-appoint KPMG Audit PLC as the Auditors *         For        Management
      of the Company until the conclusionof the
      next general meeting at which accounts
      are laid before the Company andauthorize
      the Directors to determine their
      remuneration
8     Approve to renew the power conferred on   *         For        Management
      the Directors by paragraph 4.3 of Article
      4 of the Company s Articles of
      Association for a period expiring at the
      conclusion of the next AGM of the Company
      or on 21 JAN 2005, whichever is earlier
      and for such period
9     Authorize the Company to make market      *         For        Management
      purchases  Section 163 of the Companies
      Act 1985  as amended   of up to
      309,885,718 ordinary shares of 28 101/104
      penceeach, at a minimum price of 28
      101/104 pence for an ordinary share and
      up to105% of the average mid


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

E.ON AG (FORMERLY VEBA AG)

Ticker:       VEBA           Security ID:  D24909109
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2.00 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Amend Articles Re: Allow for the Issuance For       For        Management
      of Dividends in Kind
6     Approve Affiliation Agreements with       For       For        Management
      Subsidiaries (E.ON Nordic Holding GmbH)
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Ratify PwC Deutsche Revision AG as        For       For        Management
      Auditors


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

E.ON AKTIENGESELLSCHAFT EON, DUESSELDORF

Ticker:       <NULL>         Security ID:  D24909109
Meeting Date: APR 28, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the financial statements and the  *         For        Management
      annual report for the FY 2003 with the
      report of the Supervisory Board, the
      Group financial statements and the Group
      annual report
2     Approve the appropriation of the          *         For        Management
      distributable profit of EUR 1,312,052,802
      asfollows: payment of a dividend of EUR 2
      per no-par share; ex-dividend and payable
      date: 29 APR 2004
3     Ratify the acts of the Board of Managing  *         For        Management
      Directors
4     Ratify the acts of the Supervisory Board  *         For        Management
5     Amend the Articles of Association         *         For        Management
      regarding the shareholder meeting having
      thepower to approve stock dividends
6     Approve the control and profit transfer   *         For        Management
      agreement with the Companys wholly-owned
      E. ON Nordic Holding GmbH, with effect
      from 01 JAN 2004 until at least 31 DEC
      2008
7     Authorize the Company to acquire own      *         For        Management
      shares of up to 10% of its share
      capital,at prices not differing more than
      20% from their market price, on or before
      28 JAN 2005; authorize the Board of
      Managing Directors to dispose of the
      sharesin a manner other than
8     Appoint PricewaterhouseCoopers, Deutsche  *         For        Management
      Revision AG, Dusseldorf, as the Auditors
      for the FY 2004


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

EADS, EUROPEAN AERONAUTIC DEFENCE & SPACE N.V.

Ticker:                      Security ID:  F17114103
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Company's Corporate Governance    For       For        Management
      Report
1.2   Approve Company's Reserves and Dividend   For       For        Management
      Policy
1.3   Approve Remuneration Policy for           For       For        Management
      Management Board Members
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.40 Per Share
4     Approve Discharge of Board of Directors   For       For        Management
5     Ratify Ernst & Young Accountants and KPMG For       For        Management
      Accountants N.V. as Auditors
6     Elect R. Grube to Board of Directors      For       For        Management
7     Elect F. David to Board of Directors      For       For        Management
8     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of 5.7 Million Repurchased
      Shares
9     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital


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

EAST JAPAN RAILWAY CO

Ticker:                      Security ID:  J1257M109
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 3000,
      Final JY 3000, Special JY 0
2     Authorize Share Repurchase Program        For       For        Management
3     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
4.11  Elect Director                            For       For        Management
4.12  Elect Director                            For       For        Management
4.13  Elect Director                            For       For        Management
4.14  Elect Director                            For       For        Management
4.15  Elect Director                            For       For        Management
4.16  Elect Director                            For       For        Management
4.17  Elect Director                            For       For        Management
4.18  Elect Director                            For       For        Management
4.19  Elect Director                            For       For        Management
4.20  Elect Director                            For       For        Management
4.21  Elect Director                            For       For        Management
4.22  Elect Director                            For       For        Management
4.23  Elect Director                            For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Special Payments to Directors and
      Statutory Auditors in Connection with
      Abolition of Retirement Bonus System
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


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

EISAI CO. LTD.

Ticker:       ESALY          Security ID:  J12852117
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 18,
      Final JY 18, Special JY 0
2     Amend Articles to: Adopt U.S.-Style Board For       For        Management
      Structure - Authorize Share Repurchases
      at Board's Discretion - Limit Directors'
      Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors
5     Approve Executive Stock Option Plan       For       For        Management


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

ENDESA S.A.

Ticker:                      Security ID:  E41222113
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL, WHEN APPROPRIATE, OF THE        For       Did Not    Management
      FINANCIAL STATEMENTS (NOTES TO FINANCIAL            Vote
      STATEMENTS, BALANCE SHEET AND STATEMENT
      OF INCOME) AND MANAGEMENT REPORT OF THE
      COMPANY.
2     APPROVAL OF THE APPROPRIATION OF INCOME   For       Did Not    Management
      FOR THE YEAR AND DISTRIBUTION OF                    Vote
      DIVIDEND.
3     NEW WORDING OF ARTICLE 16 (ISSUE OF       For       Did Not    Management
      DEBENTURES), AND ARTICLE 33 (RIGHT TO               Vote
      INFORMATION).
4     INCLUSION OF A NEW ARTICLE 30 B IN THE    For       Did Not    Management
      CURRENT BY-LAWS (VOTING AND                         Vote
      REPRESENTATION BY REMOTE MEANS OF
      COMMUNICATION).
5     NEW WORDING FOR ARTICLE 9 (RIGHT TO       For       Did Not    Management
      INFORMATION), ARTICLE 12 (PUBLIC PROXY              Vote
      SOLICITATION) AND ARTICLE 18 (SPEECHES)
6     INCLUSION OF A NEW ARTICLE 20 BIS IN THE  For       Did Not    Management
      REGULATIONS (VOTING AND REPRESENTATION BY           Vote
      REMOTE MEANS OF COMMUNICATION).
7     APPROVAL OF THE APPOINTMENT, ACCEPTANCE,  For       Did Not    Management
      RATIFICATION AND RENEWAL PER THE BYLAWS             Vote
      OF DIRECTORS.
8     Ratify Auditors                           For       Did Not    Management
                                                          Vote
9     APPROVAL OF THE AUTHORIZATION FOR THE     For       Did Not    Management
      COMPANY AND ITS SUBSIDIARIES TO BE ABLE             Vote
      TO ACQUIRE TREASURY STOCK.
10    APPROVAL OF THE AUTHORIZATION OF THE      For       Did Not    Management
      BOARD OF DIRECTORS TO CARRY OUT,                    Vote
      IMPLEMENT AND, IF APPROPRIATE, RECTIFY
      ANY RESOLUTIONS.


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

ENDESA SA, MADRID

Ticker:       <NULL>         Security ID:  E41222113
Meeting Date: APR 2, 2004    Meeting Type: OGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Examine and, if appropriate, approval of  *         For        Management
      the financial statements and Management
      report of the Company and of its
      Consolidated Group for the year ended
      December 31, 2003, as well as the conduct
      of the Company s business in that
      fiscalyear.
2     Appropriation of income for the year and  *         For        Management
      distribution of dividend.
3     Amend the Corporate Bylaws.  a) New       *         For        Management
      wording for the following Articles of
      thecurrent corporate Bylaws: Article 16
      (Issue of debentures) and Article 33
      (Right to information).  b) Insertion of
      one new Article into the current
      corporate Bylaws, namely, Arti
4     Amend the Stockholders  meeting           *         For        Management
      Regulations.  a) New wording for the
      followingArticles of the current
      Stockholders  Meeting Regulations:
      Article 9 (Right to information), Article
      12 (Public proxy solicitation) and
      Article 18 (Speeches).  b) Insertion of o
5     Appointment, assignment, ratification and *         For        Management
      renewal per the Bylaws of Directors.f
      Directors
6     Appointment of auditors for the Company   *         For        Management
      and its Consolidated Group.
7     Authority for the Company and its         *         For        Management
      subsidiaries to acquire treasury stock
      underthe provisions of Article 75 and
      Additional Provision 1 of the
      Corporations Law.
8     Authority for the Board of Directors to   *         For        Management
      carry out, implement and, if appropriate,
      rectify any resolutions adopted by the
      Stockholders  Meeting and to delegate any
      powers received by it from the
      Stockholders  Meeting, and granting of
      powers to have those r
9     Information for the Stockholders  meeting *         For        Management
      concerning the Board Regulationsulations


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

ENI SPA

Ticker:       E              Security ID:  T3643A145
Meeting Date: MAY 25, 2004   Meeting Type: Annual/Special
Record Date:  MAY 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       For        Management
      Accounts, and Statutory Reports
2     Approve Allocation of Income              For       For        Management
3     Authorize Share Repurchase Program        For       For        Management
4     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
5     Amend Article 2 of the Set of Rules       For       For        Management
      Governing General Meetings of Eni Spa
6     Approve Remuneration of Directors         For       For        Management
1     Amend Articles To Reflect New Italian     For       For        Management
      Company Law Regulations
2     Amend Articles 17, 19, and 28 of the      For       For        Management
      Company's Bylaws


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

FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  B4399L102
Meeting Date: MAY 26, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              For       For        Management
2.1   Accept Financial Statements               For       For        Management
2.2   Approve Dividends in the Amount of EUR    For       For        Management
      0.92 Per Share
2.3   Approve Discharge of Directors and        For       For        Management
      Auditors
3     Discussion about Company's Corporate      None      None       Management
      Governance Report
4.1   Reelect Anton van Rossum, Jan-Michiel     For       For        Management
      Hessels, and Baron Piet Van Waeyenberge
      to Management Board
4.2   Elect Phlippe Bodson, Richard Delbridge,  For       For        Management
      Jacques Manardo, Ronald Sandler, and Rana
      Talwar to Management Board
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Amend Articles Re: Composition and Powers For       For        Management
      of Main Corporate Bodies; Compliance with
      Dutch Corporate Governance Code; Other
      Amendments
7     Close Meeting                             For       For        Management


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

FORTIS SA/NV (FRMLY FORTIS B (FORMERLY FORTIS AG ))

Ticker:                      Security ID:  B4399L102
Meeting Date: MAY 4, 2004    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
2     Amend Articles of Association Re: General For       For        Management
      Matters


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

FRANCE TELECOM SA

Ticker:       <NULL>         Security ID:  F4113C103
Meeting Date: APR 9, 2004    Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t
2     Approve the annual accounts for the FYE   *         For        Management
      31 DEC 2003
3     Approve the consolidated accounts for the *         For        Management
      FYE 31 DEC 2003
4     Approve the allocation of the results for *         For        Management
      the YE 31 DEC 2003 as shown in the annual
      accounts and distribution
5     Approve the agreements referred to in     *         For        Management
      Article 225-38 of the Commercial Code
6     Delegate the Board of Directors to buy,   *         For        Management
      keep or transfer France Telecom shares
7     Approve fixing the issue price of         *         For        Management
      securities which do not confer on their
      holders the same rights as ordinary
      shares, and which may be issued without
      pre-emption rights based on the general
      delegation of authority granted to the
      Boardof Directors by the M
8     Amend the Articles 1, 2 and 7 of the      *         For        Management
      By-Laws to bring them into conformity
      with French Law No. 90-568 of 02 JUL 1990
      as amended by French Law No. 2003-1365of
      31 DEC 2003
9     Amend the Article 13 of the By-Laws       *         For        Management
      relating to the Board of Directors
10    Amend the Article 14, 15, 17, 18 and 19   *         For        Management
      of the By-Laws relating to the Chairman s
      powers and to the general management of
      the Company
11    Amend the By-Laws to bring them into      *         For        Management
      conformity with the provisions of the
      Article 55 of Decree No. 67-236 of 23 MAR
      1967
12    Authorize the Board of Directors to issue *         For        Management
      shares reserved for Wanadoo s
      shareholders, subscribed within the
      framework of the stock option plans
      adopted in the Wanadoo Group, benefiting
      from a mechanism intended to ensure
      liquidity with France Telecom
13    Authorize the Board of Directors to       *         Against    Management
      increase the capital for the benefit of
      members of a France Group Company Savings
      Plan
14    Powers                                    *         For        Management


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

FRANCE TELECOM SA

Ticker:                      Security ID:  F4113C103
Meeting Date: APR 9, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors for Fiscal Year Ended
      Dec. 2003
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports for Fiscal Year
      Ended Dec. 2003
3     Approve Treatment of Losses and Dividends For       For        Management
      of EUR 0.25 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Fix Issue Price of Previous Authority to  For       For        Management
      Issue Equity or Equity-Linked Securities
      without Preemptive Rights Submitted to
      Shareholder Vote at Feb. 25, 2003 EGM to
      Increase Capital by up to EUR 30 Billion
7     Amend Article 1, 2, and 7 to Reflect 2003 For       For        Management
      Legislative Changes, Postal Service and
      Telecommunication Code, and European
      Parliament Directives
8     Amend Articles to Reflect 2003            For       For        Management
      Legislative Changes; Remove French
      Government Obligation to Retain Majority
      Stake in Company and Amend Articles with
      Respect to Board Composition
9     Amend Articles to Reflect Potential       For       For        Management
      Change in Control with Respect to Powers
      of Chairman and Management
10    Amend Articles of Association to          For       For        Management
      Introduce Liquidation Provision
11    Authorize Board to Issue Up to 30 Million For       For        Management
      Shares to Participants of Wanadoo Stock
      Option Plan in Connection with France
      Telecom Liquidity Agreement
12    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

FUJI PHOTO FILM CO. LTD.

Ticker:       FUJIY          Security ID:  J15036122
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12.5,
      Final JY 12.5, Special JY 0
2     Amend Articles to: Increase Board Size    For       For        Management
      and Number of Internal Auditors -
      Authorize Share Repurchases at Board's
      Discretion - Limit Directors' and
      Internal Auditors' Legal Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


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

GLAXOSMITHKLINE PLC (FORMERLY GLAXO WELLCOME PLC )

Ticker:       SBH            Security ID:  G3910J112
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Lawrence Culp as Director           For       For        Management
4     Elect Crispin Davis as Director           For       For        Management
5     Elect Sir Robert Wilson as Director       For       For        Management
6     Elect Tachi Yamada as Director            For       For        Management
7     Re-elect Sir Christopher Hogg as Director For       For        Management
8     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 100,000
11    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 74,330,954
12    Authorise 594,647,632 Ordinary Shares for For       For        Management
      Market Purchase


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

HBOS PLC

Ticker:       <NULL>         Security ID:  G4364D106
Meeting Date: APR 27, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the accounts and the reports of   *         For        Management
      the Directors and the Auditors for theYE
      31 DEC 2003
2     Approve the Directors remuneration report *         For        Management
      for the FYE 31 DEC 2003
3     Declare a final dividend of 20.6 pence    *         For        Management
      per ordinary share, payable on 21 MAY
      2004 to registered shareholders as on 12
      MAR 2004
4     Elect Ms. Kate Nealon as a Director       *         For        Management
5     Elect Mr. David Shearer as a Director     *         For        Management
6     Re-elect Mr. James Crosby as a Director   *         For        Management
7     Re-elect Mr. Phil Hodkinson as a Director *         For        Management
8     Re-elect Mr. Brian Ivory as a Director    *         For        Management
9     Re-appoint KPMG Audit PLC as the Auditors *         For        Management
      of the Company, until the next meeting at
      which the accounts are laid
10    Authorize the Directors to allot equity   *         For        Management
      securities, pursuant to Section 94 ofthe
      Companies Act 1985 for cash, pursuant to
      the authority granted under Section 80,
      disapplying the statutory pre-emption
      rights  Section 89(1) , providedthat this
      power is limi
11    Authorize the Company, for the purpose of *         For        Management
      Section 166 of the Companies Act 1985, to
      make market purchases  Section 163  of up
      to 385,035,595 ordinary sharesof 25p each
      in the capital of the Company, at a
      minimum price of 25p and up to 105% of
      the average
12    Authorize the Company, in accordance with *         For        Management
      Section 347 of the Companies Act 1985, to
      make donations to EU political
      organization not exceeding GBP 25,000
      andto incur EU political expenditure up
      to a maximum amount of GBP 25,000; and
      authorize HBOS UK PLC,
13    Amend the Articles of Association of the  *         For        Management
      Company by amending Articles 4, 5.1,5.5,
      5.10, 5.12, 5.17, 5.18, 10, and add a New
      Article 17A


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

HBOS PLC

Ticker:                      Security ID:  G4364D106
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 20.6 Pence Per  For       For        Management
      Ordinary Share
4     Elect Kate Nealon as Director             For       For        Management
5     Elect David Shearer as Director           For       For        Management
6     Re-elect James Crosby as Director         For       For        Management
7     Re-elect Phil Hodkinson as Director       For       For        Management
8     Re-elect Brian Ivory as Director          For       For        Management
9     Re-appoint KPMG Audit Plc Auditors and    For       For        Management
      Authorise Board to Fix Remuneration of
      Auditors
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 48,147,509
11    Authorise 385,035,595 Ordinary Shares for For       For        Management
      Market Purchase
12    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 25,000
      and Authorise HBOS UK plc, a Subsidiary
      of the Company, to Make EU Political
      Donations up to Aggregate Nominal Amount
      of GBP 75,000
13    Amend Articles of Association Re:         For       For        Management
      Preference Shares


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

HEINEKEN NV

Ticker:       <NULL>         Security ID:  N39427195
Meeting Date: APR 29, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT BLOCKING CONDITIONS FOR  *         No Vote    Management
      VOTING AT THIS GENERAL MEETING ARE
      RELAXED. BLOCKING PERIOD ENDS ONE DAY
      AFTER THE REGISTRATION DATE SET ON 22
      APRIL 2004. SHARES CAN BE TRADED
      THEREAFTER. THANK YOU.
2     Opening                                   *         No Vote    Management
3     Receive the report of the FY 2003         *         For        Management
4     Adopt the balance sheet as at 31 DEC      *         For        Management
      2003, of the profit and loss account
      forthe period 01 JAN to 31 DEC 2003 and
      the notes
5     Approve the appropriation of the balance  *         Against    Management
      of the profit and loss account as
      provided in Article 12 Paragraph of the
      Company s Articles of Association
6     Grant discharge of the Members of the     *         For        Management
      Executive Board for the exercise of their
      management in the FY 2003
7     Grant discharge of the Members of the     *         For        Management
      Supervisory Board for the exercise of
      their supervisory tasks in the FY 2003
8     Approve share split, every four shares of *         For        Management
      EUR 2 nominal value entitling the holders
      to 5 shares of EUR 1.60 nominal value
9     Amend the Articles of Association         *         For        Management
      concerning, inter alia, the change in
      nominal value of shares
10    PLEASE NOTE THAT YOU CAN ONLY APPOINT ONE *         No Vote    Management
      MEMBER FOR THE SUPERVISORY BOARD OUTOF
      THE TWO INDIVIDUALS PROPOSED VIA BINDING
      NOMINATION UNDER RESOLUTIONS NUMBERED 8.1
      AND 8.2. PLEASE ALSO NOTE THAT STANDING
      INSTRUCTIONS ARE DISABLED FORTHIS
      MEETING. THANK YO
11    Appoint Mr. A.H.J. Risseeuw as the Member *         For        Management
      of the Supervisory Board
12    Appoint Mr. R. Overgaauw as the Member of *         Against    Management
      the Supervisory Board
13    PLEASE NOTE THAT YOU CAN ONLY APPOINT ONE *         No Vote    Management
      MEMBER FOR THE EXECUTIVE BOARD OUT OF THE
      TWO INDIVIDUALS PROPOSED VIA BINDING
      NOMINATION UNDER RESOLUTIONS NUMBERED 9.1
      AND 9.2. PLEASE ALSO NOTE THAT STANDING
      INSTRUCTIONS ARE DISABLED FOR THIS
      MEETING. THANK YO
14    Appoint Mr. K. Buche as the Member of the *         For        Management
      Executive Board
15    Appoint Mr. J. Buijs as the Member of the *         Against    Management
      Executive Board
16    Approve the Dutch Corporate Governance    *         For        Management
      Code
17    Closure                                   *         No Vote    Management


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

HEINEKEN NV

Ticker:                      Security ID:  N39427195
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income              For       Against    Management
4     Approve Discharge of Management Board     For       For        Management
5     Approve Discharge of Supervisory Board    For       For        Management
6     Approve Lowering in Par Value from EUR 2  For       For        Management
      to EUR 1.60 via a 5:4 (Five New Shares
      for Every Four Currently Held) Stock
      Split
7     Amend Articles Re: 5:4 Stock Split;       For       For        Management
      Editorial Changes
8.1   Elect A. Risseeuwto Supervisory Board     For       For        Management
8.2   Elect R. Overgaauw to Supervisory Board   Against   Against    Management
9.1   Elect K. Bueche to Management Board       For       For        Management
9.2   Elect J. Buijs to Management Board        Against   Against    Management
10    Discussion about Company's Corporate      None      None       Management
      Governance Report


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

HENDERSON LAND DEVELOPMENT CO LTD

Ticker:       <NULL>         Security ID:  Y31476107
Meeting Date: DEC 1, 2003    Meeting Type: EGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve that: i) subject to and           *         Against    Management
      conditional upon the passing of an
      ordinary resolution by the shareholders
      of Henderson China Holdings Limited
      Henderson China  in its general meeting
      Henderson China Meeting  approving the
      termination of the existing Sha


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

HENDERSON LAND DEVELOPMENT CO LTD

Ticker:       <NULL>         Security ID:  Y31476107
Meeting Date: DEC 1, 2003    Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and approve the audited statement *         For        Management
      of the accounts and the reports of the
      Directors and the Auditors for the YE 30
      JUN 2003
2     Declare a final dividend                  *         For        Management
3     Re-elect the retiring Director and        *         For        Management
      approve to fix the Directors
      remuneration
4     Re-appoint the Auditors and authorize the *         For        Management
      Directors to fix their remuneration
5     Authorize the Directors of the Company to *         For        Management
      repurchase ordinary shares of HKD 2.00
      each in the capital of the Company during
      the relevant period, on The StockExchange
      of Hong Kong Limited or any other stock
      exchange on which the sharesof the
      Company have be
6     Authorize the Directors of the Company to *         For        Management
      allot, issue and deal with additional
      shares of the Company and make or grant
      offers, agreements and options during and
      after the relevant period, not exceeding
      20% of the aggregate nominal amount of
      the issued sh
7     Approve to extend the general mandate     *         For        Management
      granted to the Directors to allot,
      issueand deal with additional shares
      pursuant to Resolution 5.B by an amount
      representing the aggregate nominal amount
      of the share in the capital of the
      Company repurchased pursuant
8     Approve, pursuant to the general mandates *         For        Management
      given in ordinary resolution 5.B and5.C,
      to allot and issue of all or any of the
      shares of the Company, providedthat the
      aggregate nominal amount of the share
      capital of the Company shall not exceed
      HKD 3,600,000,
9     Amend the Company s Articles of           *         For        Management
      Association: a) by deleting the words in
      item(i) in Article 2 and substitute with
      a new words; by deleting the words in
      item (iii) in Article 2 and substitute
      with a new words; by adding a new
      definitions to Article 2; b) b


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

HITACHI LTD.

Ticker:       HIT            Security ID:  J20454112
Meeting Date: JUN 24, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


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

HONDA MOTOR CO. LTD.

Ticker:       HMCL           Security ID:  J22302111
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 19,
      Final JY 23, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
3.31  Elect Director                            For       For        Management
3.32  Elect Director                            For       For        Management
3.33  Elect Director                            For       For        Management
3.34  Elect Director                            For       For        Management
3.35  Elect Director                            For       For        Management
3.36  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
6     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
7     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


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

HOYA CORP.

Ticker:                      Security ID:  J22848105
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
3     Approve Executive Stock Option Plan       For       For        Management


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

ING GROEP NV

Ticker:       <NULL>         Security ID:  N4578E413
Meeting Date: APR 27, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Opening remarks and announcements.        *         No Vote    Management
2     Discussion of the reports of the          *         For        Management
      Executive Board and the Supervisory Board
      for2003.
3     Discussion of the profit retention and    *         For        Management
      distribution policy.
4     Discussion and adoption of the Annual     *         For        Management
      Accounts for 2003.
5     Adoption of the dividend for 2003.        *         For        Management
6     Appointment of the auditor.               *         For        Management
7     Proposal to discharge the Executive Board *         For        Management
      in respect of the duties performed during
      the year 2003.
8     Proposal to discharge the Supervisory     *         For        Management
      Board in respect of the duties
      performedduring the year 2003.
9     Corporate governance.                     *         For        Management
10    Adoption of remuneration policy.          *         For        Management
11    Approval of long-term incentive plan.     *         For        Management
12    Amendments to the Articles of Association *         For        Management
13    Appointment of Eric Boyer de la Giroday.  *         For        Management
14    Appointment of Eli Leenaars.              *         For        Management
15    Appointment of Hans Verkoren.             *         For        Management
16    Composition of the Supervisory Board:     *         For        Management
      Appointment of Eric Bourdais de
      Charbonniere
17    Authorisation to issue shares and to      *         Against    Management
      restrict or exclude preferential
      rights.right
18    Authorisation to the company to acquire   *         For        Management
      shares or depositary receipts for shares
      in its own capital.
19    Any other business and conclusion.        *         No Vote    Management
20    Please note that this is a revision due   *         No Vote    Management
      to the revised wording of the agenda.If
      you have already sent in your votes,
      please do not return this proxy
      formunless you decide to amend your
      original instructions.  Thank you.
21    PLEASE NOTE THAT BLOCKING CONDITIONS FOR  *         No Vote    Management
      VOTING AT THIS GENERAL MEETING ARE
      RELAXED. BLOCKING PERIOD ENDS ONE DAY
      AFTER THE REGISTRATION DATE SET ON 20
      APR2004. SHARES CAN BE TRADED THEREAFTER.
      THANK YOU.


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

ING GROEP NV

Ticker:       ING            Security ID:  N4578E413
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.1   Receive Reports of Management and         None      None       Management
      Supervisory Boards
2.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.1   Approve Financial Statements of 2003      For       For        Management
3.2   Approve Dividends                         For       For        Management
4     Ratify Ernst & Young Accountants as       For       For        Management
      Auditors
5.1   Approve Discharge of Management Board     For       For        Management
5.2   Approve Discharge of Supervisory Board    For       For        Management
6     Discussion about Company's Corporate      None      None       Management
      Governance Report
7.1   Approve Remuneration Policy of Management For       For        Management
      Board
7.2   Approve Long-Term Incentive Plan (50      For       For        Management
      Percent Stock Options and 50 Percent
      Performance Shares)
8     Amend Articles Re: Binding Director       For       For        Management
      Nominations; Establish Profile on
      Expertise and Ethical Standards for
      Directors; Approve Remuneration Policy
      for Management Board; Threshold for
      Submitting Shareholder Proposals; Reduce
      Par Value of B Preference Share
9.1   Elect E. Boyer de la Giroday as New       For       For        Management
      Member of Management Board
9.2   Elect E. Leenaars as New Member of        For       For        Management
      Management Board
9.3   Elect H. Verkoren as New Member of        For       For        Management
      Management Board
10    Elect E. Bourdais de Charbonniere as New  For       For        Management
      Member of Supervisory Board
11    Grant Board Authority to Issue Ordinary   For       Against    Management
      Shares Restricting/Excluding Preemptive
      Rights Up to 20 Percent of Issued Capital
      and All Authorized Yet Unissued B
      Preference Shares Restricting/Excluding
      Preemptive Rights
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13    Other Business                            None      None       Management


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

INTERCONTINENTAL HOTELS GROUP PLC

Ticker:                      Security ID:  G4803W103
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.45 Pence Per  For       For        Management
      IHG PLC Share
4a    Elect Richard Hartman as Director         For       For        Management
4b    Elect Ralph Kugler as Director            For       For        Management
4c    Elect Robert Larson as Director           For       For        Management
4d    Elect Richard North as Director           For       For        Management
4e    Elect Stevan Porter as Director           For       For        Management
4f    Elect David Prosser as Director           For       For        Management
4g    Elect Richard Solomons as Director        For       For        Management
4h    Elect Sir Howard Stringer as Director     For       For        Management
4i    Elect David Webster as Director           For       For        Management
5     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors of the Company
6     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
7     Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors from GBP 550,000
      to GBP 750,000
8     Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 100,000
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 235,529,677
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 35,329,451
11    Authorise 105,917,695 Ordinary Shares for For       For        Management
      Market Purchase


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

KONINKLIJKE KPN NV

Ticker:       <NULL>         Security ID:  N4297B146
Meeting Date: APR 15, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT BLOCKING CONDITIONS FOR  *         No Vote    Management
      VOTING AT THIS GENERAL MEETING ARE
      RELAXED. BLOCKING PERIOD ENDS ONE DAY
      AFTER THE REGISTRATION DATE SET ON 08
      APR2004. SHARES CAN BE TRADED THEREAFTER.
      THANK YOU
2     Opening and announcements                 *         Abstain    Management
3     Approve the report by the Board Of        *         Abstain    Management
      Management for the FY 2003
4     Approve the financial statements for the  *         For        Management
      FY 2003
5     Approve the dividend policy               *         Abstain    Management
6     Approve to adopt a dividend over the FY   *         For        Management
      2003
7     Grant discharge to the Members of the     *         For        Management
      Board of Managements from liability
8     Grant discharge to the Member of the      *         For        Management
      Supervisory Board
9     Approve the Corporate Governance          *         Abstain    Management
10    Approve the establishment of remuneration *         For        Management
      policy
11    Appoint the Auditors                      *         For        Management
12    Approve to publish the annual accounts    *         For        Management
      and the annual report in the English
      language
13    Approve the opportunity to make           *         Abstain    Management
      recommendations for the appointment of a
      Member of the Supervisory Board
14    Approve the opportunity to object to the  *         For        Management
      proposed appointment
15    Approve the announcement concerning       *         Abstain    Management
      vacancies arising at the AGM of
      shareholders in 2005
16    Appoint a new Member of the Board of      *         For        Management
      Management
17    Authorize the Board to acquire shares of  *         For        Management
      the Company
18    Appoint Board of Management to issue      *         Against    Management
      shares of the Company
19    Appoint the Board of Management to limit  *         Against    Management
      or exclude the emptive rights
20    Approve to reduce the capital through     *         For        Management
      withdrawal of shares of the Company
21    Any other business and closure            *         Abstain    Management


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

KYOCERA CORP.

Ticker:       KYO            Security ID:  J37479110
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 30,
      Final JY 30, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor
5     Approve Executive Stock Option Plan       For       For        Management


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

MATSUSHITA ELECTRIC INDUSTRIAL CO. LTD.

Ticker:       MC             Security ID:  J41121104
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6.25,
      Final JY 6.25, Special JY 1.5
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
6     Approve Retirement Bonuses for Statutory  For       For        Management
      Auditors


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

METRO AG

Ticker:                      Security ID:  D53968125
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.02 per Common Share
      and EUR 1.12 per Preference Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify Fasselt & Partner                  For       For        Management
      Wirtschaftspruefungsgesellschaft as
      Auditors
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Creation of EUR 100 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Approve Creation of EUR 125 Million Pool  For       For        Management
      of Conditional Capital without Preemptive
      Rights
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 1 billion
      with Preemptive Rights; Approve Creation
      of EUR 127.8 Million Pool of Conditional
      Capital to Guarantee Conversion Rights
10    Amend Articles Re: Changes to the         For       For        Management
      Remuneration of the Supervisory Board
      Members


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

MITSUBISHI ELECTRIC CORP.

Ticker:       MIELY          Security ID:  J43873116
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management


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

MITSUBISHI TOKYO FINANCIAL GROUP INC

Ticker:                      Security ID:  J44497105
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends on Ordinary
      Shares: Interim JY 0, Final JY 6000,
      Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor


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

MITSUI SUMITOMO INSURANCE CO. LTD

Ticker:                      Security ID:  J45174109
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 8.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


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

MURATA MANUFACTURING CO. LTD.

Ticker:                      Security ID:  J46840104
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase from
      600 Million to 590 Million Shares -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Special Payments to Continuing    For       For        Management
      Directors and
      Statutory Auditors in Connection with the
      Abolition of Retirement Bonus System and
      Approve Retirement Bonus to Statutory
      Auditor
6     Approve Executive Stock Option Plan       For       For        Management


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

NATIONAL AUSTRALIA BANK LTD

Ticker:       <NULL>         Security ID:  Q65336119
Meeting Date: DEC 19, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Acknowledge the Chairman s address and    *         For        Management
      presentation by the Managing Director and
      the Chief Executive Officer
2     Receive and approve the financial report  *         For        Management
      and the report of the Directors for the
      YE 30 SEP 2003, together with the
      Independent Audit report to the Members
      of the National
3     Re-elect Mr. P.J.B. Duncan as a Director, *         For        Management
      who retires in accordance with Article
      10.3 of the National s Constitution
4     Re-elect Dr. E.D. Tweddell as a Director, *         For        Management
      who retires in accordance with Article
      10.3 of the National s Constitution
5     Re-elect Mrs. C.M. Walter as a Director,  *         For        Management
      who retires in accordance with Article
      10.3 of the National s Constitution
6     Appoint Mr. J.M. Stewart as a Director in *         For        Management
      accordance with Article 10.13 of
      theNational s Constitution
7     Appoint Mr. J.G. Thorn as a Director in   *         For        Management
      accordance with Article 10.13 of the
      National s Constitution
8     Approve to grant of options, performance  *         For        Management
      rights and shares to the Managing
      Director of National Australian Group
      Europe Limited, Mr. J.M. Stewart
9     Approve to grant of options, performance  *         For        Management
      rights and shares to the Managing
      Driector and Chief Executive Officer, Mr.
      F.J. Cicutto
10    Approve: a) the amendment to the          *         For        Management
      retirement benefits schemes for the
      Non-Executive Directors of the National
      and its controlled entities; and b) the
      acquisition of an interest in securities
      of the National by or on or on behalf of
      such Non-Executive Direc
11    Approve to increase maximum remuneration  *         For        Management
      by AUD 1,300,000 per annum to a maximum
      of AUD 500,000 per annum, provided by the
      National to the Non-Executive Directors
      of the National for their services both
      to the National and to entitieswith which
      the Nation
12    Approve the acquisition of an interest in *         For        Management
      securities of the National by or onbehalf
      of the Non-Executive Directors under the
      NED  Non-Executive Director  Share Plan
13    Approve the terms of the buy-back         *         For        Management
      agreements under the selective buy-back
      Scheme relating to the 0% preference
      shares may in certain circumstances
      convert


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

NATIONAL GRID TRANSCO PLC

Ticker:       <NULL>         Security ID:  G6375K102
Meeting Date: JUL 21, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the report and the accounts for   *         For        Management
      the YE 31 MAR 2003 and the Auditors
      report on the accounts
2     Declare a final dividend of 10.34 pence   *         For        Management
      per ordinary share  USD 0.8396 per
      American Depositary Share  for the YE 31
      MAR 2003
3     Re-appoint Mr. Nick Winser as a Director  *         For        Management
4     Re-appoint Sir. John Parker as a Director *         For        Management
5     Re-appoint Mr. Steve Lucas as a Director  *         For        Management
6     Re-appoint Mr. John Wybrew as a Director  *         For        Management
7     Re-appoint Mr. Kenneth Harvey as a        *         For        Management
      Director
8     Re-appoint Mr. Stephen Pettit as a        *         For        Management
      Director
9     Re-appoint Mr. George Rose as a Director  *         For        Management
10    Re-appoint Mr. Steve Holliday as a        *         For        Management
      Director
11    Re-appoint PricewaterhouseCoopers LLP as  *         For        Management
      the Company s Auditors until the
      nextgeneral meeting at which accounts are
      laid before the Company and authorize the
      Directors to set the Auditors
      remuneration
12    Approve the Directors  remuneration       *         For        Management
      report for the YE 31 MAR 2003
13    Authorize the Company to make market      *         For        Management
      purchases  Section 163(3) of the
      Companies Act 1985  of up to 307,722,000
      ordinary shares of 10 pence each, at a
      minimum price of 10 pence and not more
      than 105% of the average middle market
      quotations for such shares


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

NIPPON STEEL CORP.

Ticker:                      Security ID:  J55999122
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 1.5, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Statutory  For       For        Management
      Auditors


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

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  Y64248126
Meeting Date: APR 15, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


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

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  Y64248126
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       For        Management
      and Auditors' Reports
2a    Reelect Lee Seng Wee as Director          For       For        Management
2b    Reelect Michael Wong Pakshong as Director For       For        Management
2c    Reelect Cheong Choong Kong as Director    For       For        Management
2d    Reelect Fong Weng Phak as Director        For       For        Management
2e    Reelect David Wong Cheong Fook as         For       For        Management
      Director
3     Declare Final Dividend of SGD 0.12 Per    For       For        Management
      Share
4     Approve Directors' Fees of SGD 625,000    For       For        Management
      for 2003
5     Appoint Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
6a    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
6b    Approve Issuance of Shares and Grant of   For       For        Management
      Options Pursuant to the Executives' Share
      Option Scheme 1994
6c    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the Share Option
      Scheme 2001
6d    Approve Conversion of the Ordinary Shares For       For        Management
      into Stock Units Transferable in Amounts
      and Multiples of SGD1.00 Each
6e    Amend Articles of Association             For       For        Management
7     Other Business (Voting)                   For       Against    Management


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

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  Y64248126
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Voluntary Offer for All the       For       For        Management
      Ordinary Shares Held in Great Eastern
      Holdings Ltd., and Approve Issuance of
      the Company's New Ordinary Shares
2     Approve Increase in Authorized Capital,   For       For        Management
      Alterations to the Articles of
      Association, and Issuance of Class H
      Preference Shares
3     Approve Selective Capital Reduction       For       For        Management


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

OVERSEA-CHINESE BANKING CORP. LTD.

Ticker:                      Security ID:  Y64248126
Meeting Date: APR 30, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
      and Approve Alterations to the Articles
      of Association
2     Approve Preference Share Issue Mandate    For       For        Management


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

OVERSEA-CHINESE BANKING CORPORATION LTD

Ticker:       <NULL>         Security ID:  Y64248126
Meeting Date: APR 15, 2004   Meeting Type: EGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve, for the purpose of Sections 76C  *         For        Management
      and 76E of the Companies Act, Chapter50,
      the exercise by the Directors of the Bank
      of all the powers of the Bank to purchase
      or otherwise acquire units of ordinary
      stock transferable in amounts and
      multiples of SGD
2     PLEASE BE ADVISED THAT THIS IS A REVISION *         No Vote    Management
      DUE TO THE REVISED WORDING OF
      RESOLUTIONS.  IF YOU HAVE ALREADY SENT
      YOUR VOTES, PLEASE DO NOT RE-SEND THIS
      PROXYFORM UNLESS YOU WISH TO AMEND YOU
      VOTING INSTRUCTIONS.  THANK YOU


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

OVERSEA-CHINESE BANKING CORPORATION LTD

Ticker:       <NULL>         Security ID:  Y64248126
Meeting Date: APR 15, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and approve the audited accounts  *         For        Management
      for the YE 31 DEC 2003 and the reports of
      the Directors and the Auditors thereon
2     Re-appoint Mr. Lee Seng Wee as a          *         For        Management
      Director, who retires under Section 153
      of the Companies Act, Chapter 50, until
      the next AGM
3     Re-appoint Mr. Michael Wong Pakshong as a *         For        Management
      Director, who retires under Section153 of
      the Companies Act, Chapter 50, until the
      next AGM
4     Elect Dr. Cheong Choong Kong as a         *         For        Management
      Director
5     Elect Mr. Datuk Fong Weng Phak as a       *         For        Management
      Director
6     Elect Col (Ret) David Wong Cheong Fook as *         For        Management
      a Director
7     Approve a final dividend of 12 cents per  *         For        Management
      SGD 1.00 ordinary stock unit, less
      Singapore income tax, in respect of the
      YE 31 DEC 2003
8     Approve the Directors  fees of SGD        *         For        Management
      625,000 for 2003
9     Appoint the Auditors and approve to fix   *         For        Management
      their remuneration
10    Authorize the Directors of the Bank to:   *         For        Management
      I) (i) issue ordinary shares in the
      capital of the Bank  ordinary shares
      whether by way of rights, bonus or
      otherwise, and/or (ii) make or grant
      offers, agreements or options
      collectively, instruments  that might
11    Authorize the Directors of the Bank,      *         For        Management
      pursuant to Section 161 of the
      CompaniesAct, Chapter 50, to allot and
      issue from time to time such number of
      ordinaryshares in the capital of the Bank
      as may be required to be issued pursuant
      tothe exercise of the opti
12    Authorize the Directors of the Bank,      *         Against    Management
      pursuant to Section 161 of the
      CompaniesAct, Chapter 50, to offer and
      grant options in accordance with the
      provisionsof the OCBC Share Option Scheme
      2001, approved by ordinary resolution
      passed at the EGM of the Bank o
13    Approve that contingent upon any of the   *         For        Management
      ordinary shares in the Bank being issued
      and being credited as fully paid, the
      same be converted into stock units
      transferable in amounts and multiples of
      SGD 1.00 each
14    Approve that the authority be given to    *         For        Management
      the Directors of the Bank to: (i)
      issuepreference shares referred to in
      Articles 7A, 7B, 7C, 7D, 7E, 7F and 7G of
      the Articles of Association of the Bank,
      other preference shares or non-voting
      shares in the capital o
15    Transact any other business               *         Against    Management


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

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  Y6802P120
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of Interest-Bearing Loans    For       For        Management
      Worth Approximately HK$3.5 Billion, the
      Queen's Road Exchange and the Entire
      Issued Capital of Ipswich Hldgs. Ltd. to
      Dong Fang Gas Hldgs. Ltd.


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

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  Y6802P120
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2a    Reelect Li Tzar Kai, Richard as Director  For       For        Management
2b    Reelect So Chak Kwong, Jack as Director   For       For        Management
2c    Reelect Alexander Anthony Arena as        For       For        Management
      Director
2d    Reelect Li Kwok Po, David as Director     For       For        Management
2e    Reelect Roger Lobo as Director            For       For        Management
2f    Reelect Aman Mehta as Director            For       For        Management
2g    Authorize Board to Fix Their Remuneration For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Approve Termination of Existing Share     For       Against    Management
      Option Scheme and Adopt New Share Option
      Scheme
8     Amend Articles Re: Voting at General      For       For        Management
      Meetings, Material Interest of Directors
      in Contracts Entered into by the Company,
      Nomination of Directors


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

PCCW LTD (FORMERLY PACIFIC CENTURY CYBERWORKS, LTD.)

Ticker:                      Security ID:  Y6802P120
Meeting Date: MAY 19, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Cancellation of Share Premium     For       For        Management
      Account to Offset Accumulated Losses of
      Approximately HK$152 Billion and Transfer
      the Balance of HK$21.5 Billion to a
      Special Reserve Account


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

PHILIPS ELECTRONICS NV

Ticker:       PHG            Security ID:  N6817P109
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2.1   Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
2.2   Receive Explanation of Corporate          None      Did Not    Management
      Governance Structure                                Vote
2.3   Receive Explanation of Policy on Reserves None      Did Not    Management
      and Dividends                                       Vote
2.4   Approve Dividends of EUR 0.36 Per Share   For       Did Not    Management
                                                          Vote
2.5   Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
2.6   Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
3.1   Reelect Elect K. van Miert to Supervisory For       Did Not    Management
      Board                                               Vote
3.2   Elect E. Kist as New Member of            For       Did Not    Management
      Supervisory Board                                   Vote
4.1   Approve Remuneration Policy of Management For       Did Not    Management
      Board                                               Vote
4.2   Amend 2003 Long-Term Incentive Plan       For       Did Not    Management
      Regarding Distribution of Shares:                   Vote
      Allocate a Maximum of 2.5 Percent of
      Annual Pool of Shares Reserved for LTIP
      to Management Board on Annual Basis
5     Grant Board Authority to Issue Shares     For       Did Not    Management
      Restricting/Excluding Preemptive Rights             Vote
      Up to 20 Percent of Issued Capital
6     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share  Capital                            Vote
7     Authorize Board to Set Record Date        For       Did Not    Management
                                                          Vote
8     Other Business (Non-Voting)               None      Did Not    Management
                                                          Vote
9     Close Meeting                             None      Did Not    Management
                                                          Vote


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

QBE INSURANCE GROUP LTD

Ticker:       <NULL>         Security ID:  Q78063114
Meeting Date: APR 2, 2004    Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and approve the financial reports *         For        Management
      and the reports of the Directors andof
      the Auditor for the YE 31 DEC 2003
2     Re-elect Mr. L.F. Bleasel AM as a         *         For        Management
      Director of the Company, who retires in
      rotation in accordance with Clause 76 of
      the Company s Constitution
3     Re-elect Honorable N.F. Greiner AC as a   *         For        Management
      Director of the Company, who retires in
      rotation in accordance with Clause 76 of
      the Company s Constitution
4     Approve, for the purpose of ASX Listing   *         For        Management
      Rule 10.17 and for all other purposes,to
      increase the maximum aggregate
      remuneration payable to all Non-Executive
      Directors by AUD 700,000 to AUD 2.2
      million per FY, such remuneration to be
      divided among the Non-Exe
5     Amend the Company s Constitution, subject *         For        Management
      to the passing of Resolution 3, by
      inserting the new Clause 79A regarding
      the Non-Executive Directors
      retirementallowances
6     Approve, for the purpose of ASX Listing   *         For        Management
      Rule 10.14 and for all other purposes,the
      grant to the Chief Executive Officer, Mr.
      F.M. O  Halloran of conditionalrights
      over a maximum of 46,474 unissued
      ordinary shares in the Company and an
      option to subscribe f


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

QBE INSURANCE GROUP LTD.

Ticker:                      Security ID:  Q78063114
Meeting Date: APR 2, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2a    Elect L. F. Bleasel as Director           For       For        Management
2b    Elect N. F. Greiner as Director           For       For        Management
3     Approve Remuneration of Directors in the  For       For        Management
      Amount of AUD 2.2 Million Per Annum
4     Amend Constitution Re: Non-Executive      For       For        Management
      Directors' Retirement Allowances
5     Approve Issue of Conditional Rights and   For       For        Management
      Options Under the Senior Executive Equity
      Scheme to F. M. O'Halloran, Chief
      Executive Officer


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

REED ELSEVIER PLC

Ticker:       <NULL>         Security ID:  G74570105
Meeting Date: APR 28, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Company s financial           *         For        Management
      statements for the YE 31 DEC 2003,
      together with the reports of the
      Directors and the Auditors
2     Approve the Directors  remuneration       *         For        Management
      report
3     Declare a final dividend for 2003 on the  *         For        Management
      Company s ordinary shares
4     Re-appoint Deloitte & Touche LLP as the   *         For        Management
      Auditors of the Company;  Authority
      expires at the conclusion of next AGM
5     Authorize the Directors to fix the        *         For        Management
      remuneration of the Auditors
6     Appoint Mr. G.J.A. Van De Aasi as a       *         For        Management
      Director of the Company
7     Appoint Mr. M. Tabaksblat as a Director   *         For        Management
      of the Company
8     Appoint Mr. R.W.H. Stomberg as a Director *         For        Management
      of the Company
9     Appoint Mr. Lord Sharman of Redlynch OBE  *         For        Management
      as a Director of the Company
10    Authorize the Directors, in accordance    *         For        Management
      with the Article 11 of the Company s
      Article of Association and pursuant to
      Section 80 of the Companies Act 1985,
      toallot relevant securities up to an
      aggregate nominal amount of GBP 25
      million;Authority expires at t
11    Authorize the Directors, subject to the   *         For        Management
      Article 12 of the Company s Article
      ofAssociation and pursuant to Section 95
      of the Companies Act 1985, to allot
      equity securities for cash pursuant to
      the authority conferred by Resolution
      5,disapplying the statuto
12    Authorize the Company, subject to the     *         For        Management
      Article 57 of the Company s Article of
      Association and pursuant to Section 166
      of the Companies Act 1985, to make market
      purchases  Section 163(3)  of up to 127
      million ordinary shares of 12.5p each in
      the capital of


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

REED ELSEVIER PLC(FORMERLY REED INTERNATIONAL PLC)

Ticker:       RUK            Security ID:  G74570105
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Accept Financial Statements and Statutory For       For        Management
      Reports
1b    Approve Remuneration Report               For       For        Management
2     Approve Final Dividend of 8.7 Pence Per   For       For        Management
      Ordinary Share
3a    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
3b    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
4a    Re-elect Gerard van de Aast as Director   For       For        Management
4b    Re-elect Morris Tabaksblat as Director    For       For        Management
4c    Re-elect Rolf Stomberg as Director        For       For        Management
4d    Re-elect Lord Sharman Of Redlynch as      For       For        Management
      Director
5     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 25,000,000
6     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 7,900,000
7     Authorise 127 Million Shares for Market   For       For        Management
      Purchase


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

RENAULT

Ticker:                      Security ID:  F77098105
Meeting Date: APR 16, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Discharge Directors
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 1.40 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Reelect Francois de Combret as Director   For       For        Management
6     Reelect Bernard Larrouturou as Director   For       For        Management
7     Elect Jean-Louis Girodolle as Director    For       For        Management
8     Elect Itaru Koeda as Director             For       For        Management
9     Elect Francois Pinault as Director        For       For        Management
10    Approve Discharge of Yoshikazu Hanawa     For       For        Management
11    Approve Discharge of Bruno Bezard         For       For        Management
12    Approve Discharge of Jeanne Seyvet        For       For        Management
13    Confirm Receipt of Special Auditors'      For       For        Management
      Report Regarding Remuneration of
      Participating Stock
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Amount of EUR 4 Billion
16    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
17    Maintain Authority to Issue Equity and    For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Submitted to
      Shareholder Vote on April 29, 2003, to
      Increase Capital by Up to EUR 300 Million
18    Amend Articles of Association to Increase For       For        Management
      the Number of Directors to Be Elected by
      Shareholders
19    Amend Articles of Association to Reflect  For       Against    Management
      Financial Security Legislation Re:
      Shareholding Disclosure Requirement
20    Elect Charles de Croisset as Director     For       For        Management
21    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

RENAULT SA

Ticker:       <NULL>         Security ID:  F77098105
Meeting Date: APR 30, 2004   Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Board of Directors report and *         For        Management
      the general Auditors report, and approve
      the consolidated accounts for the FY
      2003, consolidated profits: EUR
      2,480,000,000.00
2     Receive the Board of Directors report and *         For        Management
      the general Auditors report, and approve
      the accounts and the balance sheet for
      the FY 2003, profits for the FY: EUR
      770,933,122.78; and grant permanent
      discharge to the Board of Directors
      forthe completion of its
3     Approve the following appropriations as   *         For        Management
      follows: profits for the FY: EUR
      770,933,122.78; added to prior retained
      earnings: EUR 5,978,108,817.52;
      distributable amount: EUR
      6,749,041,940.30; global dividend: EUR
      398,911,965.20; balancecarry forward: EUR
      6,3
4     Approve the Special Auditors report, in   *         For        Management
      accordance with the provisions of Article
      L.225-38 of the French Commercial Law
5     Approve to renew the term of office of    *         For        Management
      Mr. Francois De Combret as a Director for
      4 years
6     Approve to renew the term of office of    *         For        Management
      Mr. Bernard Larrouturou as a Director for
      4 years
7     Ratify the appointment of Mr. Jean-Louis  *         For        Management
      Girodolle as a Director representingthe
      French Government in replacement of Mr.
      Bruno Bezard, for the uneffected part of
      his term
8     Ratify the appointment of Mr. Itaru Koeda *         For        Management
      as a Director representing in replacement
      of Mr. Yoshikazu Hanawa, for the
      uneffected part of his term
9     Ratify the appointment of Mr. Francois    *         For        Management
      Pinault as a Director in replacement
      ofMrs. Jeanne Seyvet, for the uneffected
      part of her term
10    Grant permanent discharge to Mr.          *         For        Management
      Yoshikazu Hanawa for the completion of
      his assignment during the FY 2003
11    Grant permanent discharge to Mr. Bruno    *         For        Management
      Bezard for the completion of his
      assignment during the FY 2003
12    Grant permanent discharge to Mrs. Jeanne  *         For        Management
      Seyvet for the completion of her
      assignment during the FY 2003
13    Acknowledge the special report of the     *         For        Management
      Auditors regarding the remuneration of
      equity loans
14    Authorize the Board, in substitution for  *         For        Management
      the authority of the combined meetingof
      29 APR 2003, to trade the Company shares
      on the stock exchange, notably inview of
      adjusting their price as per the
      following conditions: maximum purchase
      price: EUR 85.00; mi
15    Authorize the Board, in substitution for  *         For        Management
      any existing authority of combined
      meeting of 29 APR 2003, to proceed, in
      France or abroad, with a issue of
      bonds,up to a nominal amount of EUR
      4,000,000,000.00, this present delegation
      is valid till the general me
16    Authorize the Board, to cancel shares     *         For        Management
      acquired per Resolution 14 as specifiedor
      any resolution in replacement of said
      resolution, not exceeding 10% of theshare
      capital over a 24 month period, to reduce
      the share capital and modify the Articles
      of Associat
17    Acknowledge that the securities issue as  *         For        Management
      stipulated in Resolution 22 of the CGM of
      29 APR 2003 is not completed and decides
      to maintain the conditions of such issue
      and the related powers granted to the
      Board of Directors
18    Amend the Article of Association number   *         For        Management
      10-1-A, with a view to increase the
      number of Directors, namely a minimum of
      3 and a maximum of 14, individuals or
      moral entities, moral entities shall
      appoint a permanent representative with
      the same obligations an
19    Amend the Article of Association number 9 *         Against    Management
20    Appoint Mr. Charles De Croisset as a      *         For        Management
      Director for 4 years
21    Grant all powers to the bearer of a copy  *         For        Management
      or an extract of the minutes of the
      present to accomplish all deposits and
      publications prescribed by law
22    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t
23    PLEASE NOTE THAT THE MEETING HELD ON 16   *         No Vote    Management
      APR 2004 HAS BEEN POSTPONED DUE TO LACK
      OF QUORUM AND THAT THE SECOND CONVOCATION
      WILL BE HELD ON 30 APR 2004. IF YOU HAVE
      ALREADY SENT YOUR VOTES, PLEASE DO NOT
      RETURN THIS PROXY FORM UNLESS YOU DECIDE
      TO AMEND YOU


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

RICOH CO. LTD.

Ticker:       RICL20         Security ID:  J64683105
Meeting Date: JUN 25, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 10, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


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

RMC GROUP PLC

Ticker:                      Security ID:  G76050106
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 21.8 Pence Per  For       For        Management
      Ordinary Share
3     Elect David Munro as Director             For       For        Management
4     Re-elect Bill Alexander as Director       For       For        Management
5     Re-elect Alastair Robinson as Director    For       For        Management
6     Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
7     Approve Remuneration Report               For       For        Management
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 22,177,997
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 3,327,032
10    Authorise 26,537,390 Ordinary Shares for  For       For        Management
      Market Purchase
11    Authorise EU Political Donations up to    For       For        Management
      Aggregate Nominal Amount of GBP 50,000


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

ROYAL BANK OF SCOTLAND GROUP PLC

Ticker:       RBS            Security ID:  G76891111
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 35.7 Pence Per  For       For        Management
      Share
4     Re-elect Emilio Botin as Director         For       For        Management
5     Re-elect Lawrence Fish as Director        For       For        Management
6     Re-elect Sir Angus Grossart as Director   For       For        Management
7     Re-elect Sir George Mathewson as Director For       For        Management
8     Re-elect Gordon Pell as Director          For       For        Management
9     Re-elect Iain Robertson as Director       For       For        Management
10    Re-elect Sir Iain Vallance as Director    For       For        Management
11    Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
12    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
13    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 247,120,127
14    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 37,068,019
15    Authorise 296,544,152 Ordinary Shares for For       For        Management
      Market Purchase
16    Approve Increase in Authorised Capital by For       For        Management
      Creation of 110 Million Category II
      Non-cumulative Dollar Preference Shares;
      Issue Equity with Pre-emptive Rights up
      to All the Existing Preference Shares
17    Amend Articles Re: Preference Shares      For       For        Management


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

ROYAL KPN NV

Ticker:       KPN            Security ID:  N4297B146
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
3.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
3.2   Receive Explanation of Reserves and       None      None       Management
      Dividend Policy
3.3   Approve Dividends                         For       For        Management
4.1   Approve Discharge of Management Board     For       For        Management
4.2   Approve Discharge of Supervisory Board    For       For        Management
5     Discussion about Company's Corporate      None      None       Management
      Governance Report
6     Approve Remuneration Policy               For       For        Management
7.1   Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
7.2   Authorize Board to Prepare Annual Report  For       For        Management
      in English
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect D. Eustace to Supervisory Board   For       For        Management
8.3   Receive Announcement of Vacancy on        None      None       Management
      Supervisory Board
8.4   Elect E. Blok as New Member to Management For       For        Management
      Board
9.1   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9.2   Grant Board Authority to Issue Ordinary   For       Against    Management
      Shares Up to 20 Percent of Issued Capital
      and All Unissued but Authorized Class B
      Preference Shares
9.3   Grant Board Authority to Exclude          For       Against    Management
      Preemptive Rights from Issuance Under
      Item 9.2
10    Approve Proposal to Reduce Capital        For       For        Management
      Through Cancellation of Own Shares Up to
      10 Percent of Issued Share Capital
11    Other Business (Non-Voting)               None      None       Management


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

ROYAL PHILIPS ELECTRONICS NV, EINDHOVEN

Ticker:       <NULL>         Security ID:  N6817P109
Meeting Date: MAR 25, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT THIS IS AN AMENDMENT TO  *         No Vote    Management
      MEETING # 124941 DUE TO CHANGE IN
      THEMEETING DATE.  ALL VOTES RECEIVED ON
      THE PREVIOUS MEETING WILL BE
      DISREGARDEDAND YOU WILL NEED TO
      REINSTRUCT ON THIS MEETING NOTICE. THANK
      YOU.
2     Opening                                   *         No Vote    Management
3     Proposal to adopt the 2003 financial      *         For        Management
      statements
4     Explanation of corporate governance       *         No Vote    Management
      structure
5     Explanation of policy on additions to     *         No Vote    Management
      reserves and dividends
6     Proposal to adopt a dividend of EUR 0.36  *         For        Management
      per common share
7     Proposal to discharge the members of the  *         For        Management
      Board of Management for their
      responsibilities
8     Proposal to discharge the members of the  *         For        Management
      Supervisory Board for their
      responsibilities
9     Proposal to re-appoint Mr. K.A.L.M. van   *         For        Management
      Miert as a member of the Supervisory
      Board of the Company with effect from
      March 25, 2004
10    Proposal to appoint Mr. E. Kist as a      *         For        Management
      member of the Supervisory Board of the
      Company with effect from July 1, 2004
11    Proposal to adopt the remuneration policy *         For        Management
      for the Board of Management
12    Proposal to allocate the pool of stock    *         For        Management
      options and restricted shares to be
      granted to members of the Board of
      Management
13    Proposal to authorize the Board of        *         For        Management
      Management for a period of 18 months, as
      ofMarch 25, 2004, as the body which is
      authorized to decide, with the approvalof
      the Supervisory Board and the Meeting of
      Priority Shareholders, to issue shares or
      rights to share
14    Proposal to authorize the Board of        *         For        Management
      management for a period of 18 months, as
      ofMarch 25, 2004, within the limits of
      the law and the Articles of
      Association,to acquire for valuable
      consideration, on the stock exchange or
      otherwise, shares in the Company at
15    Proposal to authorize the Board of        *         For        Management
      Management for a period of 18 months, as
      ofMarch 25, 2004, to determine within the
      limits of the law, upon convening a
      General Meeting of Shareholders of the
      Company, that those persons who are
      registered in a register a
16    Any other business                        *         No Vote    Management
17    Closing                                   *         No Vote    Management


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

SAGE GROUP PLC

Ticker:       <NULL>         Security ID:  G7771K134
Meeting Date: MAR 4, 2004    Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive and approve the audited accounts  *         For        Management
      for the YE 30 SEP 2003, together withthe
      reports of the Directors and the Auditors
2     Declare a final dividend recommended by   *         For        Management
      the Directors of 1.095 pence per ordinary
      share for the YE 30 SEP 2003 to be paid
      on 12 MAR 2004 to the members whose names
      appear on the register on 13 FEB 2004
3     Re-elect Mr. M.E.W. Jackson as a Director *         For        Management
4     Re-elect Mr. P.A. Walker as a Director    *         For        Management
5     Re-elect Mr. P.S. Harrison as a Director  *         For        Management
6     Re-elect Mr. P.L. Stobart as a Director   *         For        Management
7     Re-appoint Messrs. PricewaterhouseCoopers *         For        Management
      LLP as the Auditors of the Company and
      authorize the Directors to determine
      their remuneration
8     Approve the remuneration report           *         For        Management
9     Authorize the Directors, in substitution  *         For        Management
      of all existing authorities, subjectto
      and in accordance with Article 6 of the
      Company s Articles of Association,to
      allot relevant securities up to a maximum
      nominal amount of GBP 4,263,861;Authority
      expires at the
10    Authorize the Directors, subject to and   *         For        Management
      in accordance with Article 7 of the
      Company s Articles of Association, to
      allot equity securities for cash and
      that,for the purposes of paragraph 1(b)
      of Article 7, the nominal amount to
      whichthis power is limited i


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

SANKYO CO. LTD.

Ticker:                      Security ID:  J67822106
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Interim Special JY 2.5, Final JY 10,
      Final Special JY 7.5
2     Amend Articles to: Decrease Authorized    For       For        Management
      Capital to Reflect Share Repurchase from
      1.18 Billion to 1.17 Billion Shares -
      Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Executive Stock Option Plan       For       For        Management


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

SANOFI-SYNTHELABO (FORMERLY SANOFI)

Ticker:                      Security ID:  F5548N101
Meeting Date: JUN 23, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.53 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 7 Billion
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 750 Million; Set Global Limit for
      Capital Increase to Result from Issuance
      Requests in Items 7-10 at EUR 1.25
      Billion
8     Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 750 Million
9     Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
10    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 500 Million for Bonus Issue or
      Increase in Par Value
11    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
12    Approve Stock Option Plan Grants          For       For        Management
13    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
14    Authorize Capital Increase of Up to EUR   For       For        Management
      1.429 Billion for Aventis Exchange Offer
15    Change Company Name to Sanofi-Aventis     For       For        Management
16    Amend Articles of Association to Reduce   For       For        Management
      Term of Board Members from Five to Four
      Years
17    Amend Articles to Reflect 2003 Legal      For       For        Management
      Changes Re: Powers of the Chairman
18    Reelect Jean-Francois Dehecq as Director  For       For        Management
      (Representing Sanofi-Synthelabo)
19    Reelect Rene Barbier de la Serre as       For       For        Management
      Director (Representing Sanofi-Synthelabo)
20    Reelect Robert Castaigne as Director      For       For        Management
      (Representing Sanofi-Synthelabo)
21    Reelect Thierry Desmarest as Director     For       For        Management
      (Representing Sanofi-Synthelabo)
22    Reelect Lindsay Owen-Jones as Director    For       For        Management
      (Representing Sanofi-Synthelabo)
23    Reelect Bruno Weymuller as Director       For       For        Management
      (Representing Sanofi-Synthelabo)
24    Confirm Appointment of Lord Douro as      For       For        Management
      Director (Representing Sanofi-Synthelabo)
25    Confirm Appointment of Gerard Van Kemmel  For       For        Management
      as Director (Representing
      Sanofi-Synthelabo)
26    Elect Christian Mulliez as Director       For       For        Management
      (Representing Sanofi-Synthelabo)
27    Elect Jean-Marc Bruel as Director         For       For        Management
      (Representing Aventis)
28    Elect Jurgen Dormann as Director          For       For        Management
      (Representing Aventis)
29    Elect Jean-Rene Fourtou as Director       For       For        Management
      (Representing Aventis)
30    Elect Serge Kampf as Director             For       For        Management
      (Representing Aventis)
31    Elect Igor Landau as Director             For       For        Management
      (Representing Aventis)
32    Elect Hubert Markl as Director            For       For        Management
      (Representing Aventis)
33    Elect Klaus Pohle as Director             For       For        Management
      (Representing Aventis)
34    Elect Hermann Scholl as Director          For       For        Management
      (Representing Aventis)
35    Confirm End of Term of Permanent          For       For        Management
      Representative of Elf Aquitaine, L'Oreal,
      Pierre Castres Saint-Martin,
      Pierre-Gilles de Gennes, and Herve Guerin
      as Directors
36    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of Up to EUR 1 Million
37    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

SANPAOLO IMI SPA

Ticker:                      Security ID:  T8249V104
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements,             For       For        Management
      Consolidated Accounts, Statutory Reports,
      and Allocation of Income
2     Fix Number of Directors on the Board;     For       Against    Management
      Elect Directors for the Three-Year Term
      2004-2006; Elect Chairman of the Board;
      Determine Directors' Remuneration
3     Elect External Auditors for the           For       For        Management
      Three-Year Term 2004-2006 and Fix
      Remuneration of Auditors
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
5     Appoint One Alternate Internal Statutory  For       For        Management
      Auditor to Reintegrate Members of the
      Board of Internal Statutory Auditors


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

SANPAOLO IMI SPA

Ticker:                      Security ID:  T8249V104
Meeting Date: JUN 29, 2004   Meeting Type: Special
Record Date:  JUN 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Partially To Reflect New   For       For        Management
      Italian Company Law Regulations
2     Acquire Part of 'Fideuram Vita Compagnia  For       For        Management
      di Assicurazioni e Riassicurazioni Spa'
      From Its Spin-Off From 'Banca Fideuram
      Spa'


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

SANPAOLO IMI SPA, TORINO

Ticker:       <NULL>         Security ID:  T8249V104
Meeting Date: APR 28, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT THIS IS AN ORDINARY      *         No Vote    Management
      GENERAL MEETING AND IN THE EVENT THE
      MEETING DOES NOT REACH QUORUM, THERE WILL
      BE A SECOND CALL ON 29 APR 2004. THANK
      YOU.
2     Approve the financial statement and       *         For        Management
      consolidated financial statement at 31
      DEC2003 and the Board of Directors and
      Auditors report and the allocation of
      profits
3     Approve to determine the number of        *         Against    Management
      Members of the Board of Directors and
      re-appoint and emoluments of the Chairman
      and the Board of Directors related to
      Corporate years 2004/2005/2006
4     Appoint the auditing concerning financial *         For        Management
      statement related to Corporate
      years2004/2005/2006
5     Grant authority to buy back               *         For        Management
6     Appoint the Deputy Auditor                *         For        Management


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

SCHERING AG

Ticker:       <NULL>         Security ID:  D67334108
Meeting Date: APR 16, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the presentation of the Financial *         For        Management
      Statements and Annual Report for the2003
      FY with the report of the Supervisory
      Board, the group Financial Statements and
      group Annual Report
2     Receive resolution, on the appropriation  *         For        Management
      of the distributions profit of EUR
      223,420,000 as follows: Payment of a
      dividend of EUR .93 per no-par share EUR
      43,000,000 shall be allocated to the
      revenue reserves Ex-dividend and payable
      date:19 APR 2004
3     Ratify the acts of the Board of MDs       *         For        Management
4     Ratify the acts of the Supervisory Board  *         For        Management
5     Appoint the Auditors for the 2004 FY BDO  *         For        Management
      Deutsche Warentreuhand AG, Berlin
6     Receive resolution, on the creation of    *         Against    Management
      the authorized capital, and the
      correspondence amendment to the Article
      of Association. The Board of MDs shall
      authorized, wit the consent of the
      Supervisory Board, to increase the shares
      capitalby up to EUR 97,000,0
7     Receive resolution, on the authorization  *         For        Management
      to issue convertible and/or warrant
      bonds, the creation of contingent
      capital, and the correspondence amendment
      tothe Article of Association. The Board
      of MDs shall authorized, wit the
      consentof the Supervisory Boa
8     Receive resolution, ont he remuneration   *         For        Management
      for the Supervisory Board, and the
      correspondence amendment to the Article
      of Association. Each member of the
      Supervisory Board shall receive a fixed
      annual remuneration of EUR 50,000, a
      profitrelated remuneration f
9     Amend the Article of Association          *         For        Management
10    Authorize to acquire own shares. The      *         For        Management
      Board of MDs shall be authorized to
      acquire shares of the Company of up to
      EUR 19,400,000, through the stock
      exchange at a price neither more than 10%
      above, nor more than 20% below the market
      price of the sahres, or b
11    Elect the Supervisory Board               *         For        Management
12    Approve the profit transfer agreements    *         For        Management
      with the Companys wholly-owned
      subsidiaries Schering Deutschland Holding
      AG, Schering Finnland Holding GmbH,
      Pharma-Verlags-buchhandlung GmbH,
      Schering Versicherungs-Vermittlung GmbH,
      and Berlax01 GmbH, effective unt
13    Approve the control and profit transfer   *         For        Management
      agreement with the Companys  wholly-owned
      subsidiary Schering International Holding
      GmbH, effective until at least 31 DEC
      2008


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

SCHERING AG

Ticker:       SHR10          Security ID:  D67334108
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.93 per Share
3     Approve Discharge of Management Board     For       For        Management
4     Approve Discharge of Supervisory Board    For       For        Management
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors
6     Approve Creation of EUR 97 Million Pool   For       Against    Management
      of Conditional Capital without Preemptive
      Rights
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 600
      Million with Preemptive Rights; Approve
      Creation of EUR 10 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights
8     Amend Articles Re: Supervisory Board      For       For        Management
      Remuneration due to Changes in German
      Disclosure Regulations
9     Adopt New Articles of Association         For       For        Management
10    Authorize Repurchase of up to Ten Percent For       For        Management
      of Issued Share Capital; Authorize Board
      to Issue Repurchased Shares as New Shares
      without Preemptive Rights
11    Elect Karl-Hermann Baumann, Piet Borst,   For       For        Management
      Mathias Doepfner, John Dormandy, Reiner
      Hagemann, Martin Kohlhaussen,
      Hermann-Josef Lamberti, and Giuseppe Vita
      to the Supervisory Board
12    Approve Affiliation Agreements with       For       For        Management
      Subsidiaries
13    Approve Affiliation Agreements with       For       For        Management
      Schering International Holding GmbH


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

SCHNEIDER ELECTRIC SA

Ticker:       <NULL>         Security ID:  F86921107
Meeting Date: MAY 6, 2004    Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Directors and the Supervisory *         For        Management
      Auditors reports relating to the
      financial statements for the YE 31 DEC
      2003
2     Acknowledge that the consolidated         *         For        Management
      accounts were presented, and that the
      Boardof Directors  report for the Group
      is included in the Board of Directors
      report
3     Approve the Special Auditor s report, in  *         For        Management
      accordance with the provisions of Article
      L.225-40 French Company Act , upon the
      agreements concerned by the Article
      L225-38 of the Law
4     Approve the integration into the account  *         For        Management
      balance carried forward of: balance
      carried forward of: the part of the
      withholding tax repaid by the public
      revenue department, I.E.EUR
      23,105,796.39, the dividend, accruing to
      the self holding shares, non paid, I
5     Appoint Mr. Caisse Des Depots Et          *         For        Management
      Consignations as Director for a period of
      4 years
6     Appoint Mr. M. Chris C. Richardson as     *         For        Management
      Director for a period of 4 years
7     Approve to renew the term of office of    *         For        Management
      Mr. M. Alain Burq as a Director for a
      period of 4 years
8     Approve to renew the term of office of    *         For        Management
      Mr. M. Alain Bouton as a Director for
      aperiod of 4 years
9     Approve to renew the term of office of    *         For        Management
      Mr. M. Thierry Breton as a Director fora
      period of 4 years
10    Approve to renew the term of office of    *         For        Management
      Mr. M. Willy Kissling as a Director fora
      period of 4 years
11    Approve to renew the term of office of    *         For        Management
      Mr. M. Piero Sierra as a Director for
      aperiod of 4 years
12    Approve to renew the term of office of    *         For        Management
      Barbier Frinault Et Autres  Ernst And
      Young  as the Statutory Auditors period
      of 6 FY
13    Appoint M. Philippe Diu as the Deputy     *         For        Management
      Auditor of Barbier Frinault Et Autres for
      a period of 6 FY
14    Appoint Mazars and Guerard as the         *         For        Management
      Statutory Auditor for a period of 6 FY
15    Appoint M. Charles Vincensini as a Deputy *         For        Management
      Auditor for a period of 6 FY
16    Authorize the Board, to trade the Company *         For        Management
      s shares on the stock exchange in view of
      adjusting their price as per the
      following conditions: maximum
      purchaseprice: EUR 80.00; minimum selling
      price: EUR 40.00; and, maximum number of
      shares to be traded: 10%;
17    Amend the Articles of Association Number  *         For        Management
      11
18    Authorize the Board of Directors to       *         Against    Management
      proceed, with the issue of shares and
      other securities giving access to the
      issue of shares and other securities
      givingaccess to the Company share
      capital, reserved to the members of an
      enterprisesavings plan for a maxi
19    Authorize the Board of Directors, to      *         Against    Management
      grant, in one or several stages, to
      beneficiaries to be chosen by it. Stock
      options granting the right to subscribe
      toSchneider Electric S.A. the maximum
      number of stock options, giving right to
      subscribe or the purcha
20    Authorize the Board of Directors to       *         For        Management
      decrease the share capital by canceling
      the shares held by the Company in
      connection with a stock repurchase plan,
      within a limit of 10% over a 24 months
      period and authorize the Board of
      Directorsto take all necessary
21    Approve that the general meeting decides  *         Against    Management
      that in period of take over or exchange,
      the Board of Directors will be allowed to
      utilize the delegations grantedto it to
      increase the share capital, only if the
      share said increase is assigned to allow
      the realiz
22    Grant all powers to the bearer of a copy  *         For        Management
      or an extract of the minutes of the
      present to accomplish all deposits and
      publications prescribed by law
23    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t
24    PLEASE NOTE THAT THE MEETING HELD ON 27   *         No Vote    Management
      APR 2004 HAS BEEN POSTPONED DUE TO LACK
      OF QUORUM AND THAT THE SECOND CONVOCATION
      WILL BE HELD ON 06 MAY 2004. PLEASE ALSO
      NOTE THE NEW CUTOFF DATE. IF YOU HAVE
      ALREADY SENT YOUR VOTES, PLEASE DO NOT
      RETURN THIS PRO


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

SCHNEIDER ELECTRIC SA (FORMERLY SCHNEIDER SA)

Ticker:                      Security ID:  F86921107
Meeting Date: APR 27, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.65 per Share
5     Elect Caisse des Depots et Consignations, For       For        Management
      Represented by Jerome Gallot, as Director
6     Elect Chris C. Richardson as Director     For       For        Management
7     Reelect Alain Burq as Representative of   For       For        Management
      Employee Shareholders to the Board
8     Reelect Daniel Bouton as Director         For       For        Management
9     Reelect Thierry Breton as Director        For       For        Management
10    Reelect Willy Kissling as Director        For       For        Management
11    Reelect Piero Sierra as Director          For       For        Management
12    Reappoint Barbier Frinault et Autres      For       For        Management
      (Ernst & Young) as Auditors
13    Ratify Philippe Diu as Alternate Auditor  For       For        Management
      to Barbier Frinault et Autres (Ernst &
      Young)
14    Appoint Mazars & Guerard as Auditor       For       For        Management
15    Ratify Charles Vincensini as Alternate    For       For        Management
      Auditor to Mazars & Guerard
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Amend Articles of Association to          For       For        Management
      Authorize the Appointment of Censors
18    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Stock Option Plan Grants          For       Against    Management
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

SCHNEIDER ELECTRIC SA (FORMERLY SCHNEIDER SA)

Ticker:                      Security ID:  F86921107
Meeting Date: MAY 6, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.65 per Share
5     Elect Caisse des Depots et Consignations, For       For        Management
      Represented by Jerome Gallot, as Director
6     Elect Chris C. Richardson as Director     For       For        Management
7     Reelect Alain Burq as Representative of   For       For        Management
      Employee Shareholders to the Board
8     Reelect Daniel Bouton as Director         For       For        Management
9     Reelect Thierry Breton as Director        For       For        Management
10    Reelect Willy Kissling as Director        For       For        Management
11    Reelect Piero Sierra as Director          For       For        Management
12    Reappoint Barbier Frinault et Autres      For       For        Management
      (Ernst & Young) as Auditors
13    Ratify Philippe Diu as Alternate Auditor  For       For        Management
      to Barbier Frinault et Autres (Ernst &
      Young)
14    Appoint Mazars & Guerard as Auditor       For       For        Management
15    Ratify Charles Vincensini as Alternate    For       For        Management
      Auditor to Mazars & Guerard
16    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
17    Amend Articles of Association to          For       For        Management
      Authorize the Appointment of Censors
18    Approve Capital Increase Reserved for     For       Against    Management
      Employees Participating in
      Savings-Related Share Purchase Plan
19    Approve Stock Option Plan Grants          For       Against    Management
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Allow Board to Issue Shares in the Event  For       Against    Management
      of a Public Tender Offer or Share
      Exchange Offer
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

SIEMENS AG

Ticker:       <NULL>         Security ID:  D69671218
Meeting Date: JAN 22, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Presentation of the financial statements  *         For        Management
      and annual report for the 2002/2003 FY
      with the report of the Supervisory Board,
      the Group financial statements andthe
      Group annual report
2     Approve the appropriation of the          *         For        Management
      distributable profit of EUR
      979,952,931.10 asfollows: payment of a
      dividend of EUR 1.10 per entitled no-par
      share and thedividend on the shares held
      by the Company shall be carried forward;
      Ex-dividend and payable date: 23
3     Ratify the acts of the Board of Managing  *         For        Management
      Directors
4     Ratify the acts of the Supervisory Board  *         For        Management
5     Appoint KPMG, Berlin and Frankfurt, as    *         For        Management
      the Auditors for the 2003/2004 FY
6     Elect the Supervisory Board               *         For        Management
7     Authorize the Company to acquire own      *         For        Management
      shares of up to 10% of the share
      capital,once or more than once between 01
      MAR 04 and 21 JUL 05 and the price paid
      forsuch shares shall deviate neither more
      than 10% from their market price if they
      are acquired through
8     Authorize the Board of Managing Directors *         For        Management
      to increase the share capital by upto EUR
      600,000,000 through the issue of up to
      200,000,000 new registered no-par shares
      against contributions in cash and/or
      kind, once or more than once onor before
      21 JAN 09; sh
9     Authorize the Board of Managing Directors *         For        Management
      to issue bonds of up to EUR
      11,250,000,000 conferring convertible or
      option rights for new shares of the
      Company,once or more than once on or
      before 21 JAN 09; shareholders shall be
      granted subscription rights exc
10    PLEASE NOTE THAT THIS IS A REVISION TO    *         No Vote    Management
      REFLECT THAT  SIEMENS AG  SHARES ARE
      ISSUED IN REGISTERED FORM AND AS SUCH DO
      NOT REQUIRE SHARE BLOCKING IN ORDER
      TOENTITLE YOU TO VOTE.  IF YOU HAVE
      ALREADY SENT YOUR VOTES, PLEASE DO NOT
      RETURN THIS PROXY FORM UNLE


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

SMITH & NEPHEW PLC

Ticker:       SNN            Security ID:  G82343164
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 3.1 Pence Per   For       For        Management
      Share
3     Re-elect Warren Knowlton as Director      For       For        Management
4     Re-elect Christopher O'Donnell as         For       For        Management
      Director
5     Re-elect Richard De Schutter as Director  For       For        Management
6     Re-elect Rolf Stomberg as Director        For       For        Management
7     Re-appoint Ernst and Young LLP as         For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
8     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 33,321,078
9     Approve Remuneration Report               For       For        Management
10    Approve the Smith and Nephew 2004         For       For        Management
      Performance Share Plan
11    Approve the Smith and Nephew 2004         For       For        Management
      Executive Share Option Plan
12    Approve the Smith and Nephew 2004         For       For        Management
      Co-investment Plan
13    Authorise the Directors to Establish      For       For        Management
      Overseas Share Schemes
14    Authorise the Directors to Establish the  For       For        Management
      New Discretionary Trust
15    Amend the Smith and Nephew 2001 UK        For       For        Management
      Approved Share Option Plan
16    Amend the Smith and Nephew 2001 UK        For       For        Management
      Unapproved Share Option Plan
17    Approve Reclassification of the One       For       For        Management
      Issued 'B' Ordinary Share of 12 2/9 Pence
      as an Ordinary Share Having the Same
      Rights and Subject to the Same
      Restrictions as Existing Ordinary Shares
18    Authorise 93,486,408 Shares for Market    For       For        Management
      Purchase
19    Adopt New Articles of Association         For       For        Management
20    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,713,057
21    Approve Increase in Remuneration of       For       For        Management
      Non-Executive Directors to GBP 900,000
      Per Year


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

SUMITOMO CORP.

Ticker:                      Security ID:  J77282119
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management
6     Approve Retirement Bonus for Director     For       For        Management


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

SUMITOMO ELECTRIC INDUSTRIES LTD.

Ticker:                      Security ID:  J77411114
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 4, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management


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

SWIRE PACIFIC

Ticker:                      Security ID:  Y83310105
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Final Dividend of HK$1.02 Per A   For       For        Management
      Share and HK$0.204 Per B Share
2a    Reelect P.A. Johansen as Director         For       For        Management
2b    Reelect Adrian Swire as Director          For       For        Management
3     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Repurchase of Up to 10 Percent of For       For        Management
      Issued Capital
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Reissuance of Repurchased       For       For        Management
      Shares
7     Amend Articles Re: Corporate              For       For        Management
      Communications, Postponement of General
      Meetings, Editing Changes


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

TAKEDA CHEMICAL INDUSTRIES LTD.

Ticker:                      Security ID:  J81281115
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 36,
      Final JY 41, Special JY 0
2     Amend Articles to: Change Company Name in For       For        Management
      English to Takeda Pharmaceutical Co. Ltd.
      - Authorize Share Repurchases at Board's
      Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


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

TESCO PLC

Ticker:                      Security ID:  G87621101
Meeting Date: JUN 18, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 4.77 Pence Per  For       For        Management
      Ordinary Share
4     Amend Articles of Association Re:         For       For        Management
      Director's Retirement Age
5     Re-elect Charles Allen as Director        For       For        Management
6     Re-elect Philip Clarke as Director        For       For        Management
7     Re-elect Harald Einsmann as Director      For       For        Management
8     Re-elect Veronique Morali as Director     For       For        Management
9     Re-elect Graham Pimlott as Director       For       For        Management
10    Elect Richard Brasher as Director         For       For        Management
11    Elect Ken Hydon as Director               For       For        Management
12    Elect Mervyn Davies as Director           For       For        Management
13    Elect David Reid as Director              For       For        Management
14    Re-appoint PricewaterhouseCoopers LLP as  For       For        Management
      Auditors and Authorise Board to Fix
      Remuneration of Auditors
15    Approve Increase in Authorised Share      For       For        Management
      Capital from GBP 481,600,000 to GBP
      530,000,000
16    Approve Scrip Dividend                    For       For        Management
17    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 128.07 Million
18    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 19.21 Million
19    Authorise 768.44 Million Ordinary Shares  For       For        Management
      for Market Purchase
20    Authorise Tesco Stores CR a.s. to Make EU For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
21    Authorise Tesco Stores SR a.s. to Make EU For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
22    Authorise Tesco Global Rt to Make EU      For       For        Management
      Political Donations up to GBP 25,000 and
      Incur EU Political Expenditure up to GBP
      25,000
23    Authorise Tesco Polska Sp z.o.o. to Make  For       For        Management
      EU Political Donations up to GBP 25,000
      and Incur EU Political Expenditure up to
      GBP 25,000
24    Approve the Tesco PLC Performance Share   For       For        Management
      Plan 2004
25    Approve the Tesco PLC 2004 Discretionary  For       For        Management
      Share Option Plan


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

THE NEWS CORPORATION LTD

Ticker:       <NULL>         Security ID:  Q67027112
Meeting Date: OCT 15, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT THIS IS AN AMENDMENT TO  *         No Vote    Management
      MEETING # 113068 DUE TO ADDITIONAL
      RESOLUTIONS.  ALL VOTES RECEIVED ON THE
      PREVIOUS MEETING WILL BE DISREGARDED
      ANDYOU WILL NEED TO REINSTRUCT ON THIS
      MEETING NOTICE. THANK YOU.
2     Re-elect Mr. L. Murdoch as a Director     *         For        Management
3     Re-elect Mr. T. Perkins as a Director`    *         For        Management
4     Re-elect Mr. S. Shuman as a Director      *         For        Management
5     Re-elect Mr. A. Siskind as a Director     *         For        Management
6     Approve to grant, pursuant to and in      *         Against    Management
      accordance with the terms and
      conditionsof the News Corporation Share
      Option Plan  Plan , to Mr. C. Carey an
      ExecutiveDirector of the Company, 500,000
      number of options, Mr. P. Chernin an
      Executive Director of the Comp
7     Approve the payment of an aggregate of up *         For        Management
      to AUD 1.85 million  approximately USD
      1.2 million  per annum to the Directors,
      other than any in full time employment of
      the Company or any of its subsidiaries,
      for their services as Directors


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

TOMKINS PLC

Ticker:       TKS            Security ID:  G89158136
Meeting Date: MAY 21, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 7.4 Pence Per   For       For        Management
      Share
4     Re-elect David Newlands as Director       For       For        Management
5     Re-elect Kenneth Lever as Director        For       For        Management
6     Re-elect Sir Brian Pitman as Director     For       For        Management
7     Re-appoint Deloitte and Touche LLP as     For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,887,706
10    Authorise Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,933,155
11    Authorise 77,326,236 Ordinary Shares for  For       For        Management
      Market Purchase
12    Amend Articles Re: Wordings               For       For        Management


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

TOPPAN PRINTING CO. LTD.

Ticker:                      Security ID:  J89322119
Meeting Date: JUN 29, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8,
      Final JY 9, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion - Limit
      Directors' and Internal Auditors' Legal
      Liability
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
3.28  Elect Director                            For       For        Management
3.29  Elect Director                            For       For        Management
3.30  Elect Director                            For       For        Management
3.31  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


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

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  F92124100
Meeting Date: APR 28, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 4.70 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
6     Authorize Issuance of Bonds/Debentures    For       For        Management
7     Reelect Thierry Desmarest as Director     For       For        Management
8     Reelect Thierry de Rudder as Director     For       For        Management
9     Reelect Serge Tchuruk as Director         For       For        Management
10    Elect Daniel Boeuf as Representative of   For       For        Management
      Employee Shareholders to the Board
11    Elect Philippe Marchandise as             Against   Against    Management
      Representative of Employee Shareholders
      to the Board
12    Elect Cyril Mouche as Representative of   Against   Against    Management
      Employee Shareholders to the Board
13    Elect Alan Cramer as Representative of    Against   Against    Management
      Employee Shareholders to the Board
14    Ratify Ernst & Young Audit as Auditors    For       For        Management
15    Ratify KPMG Audit as Auditors             For       For        Management
16    Ratify Pierre Jouanne as Alternate        For       For        Management
      Auditor
17    Ratify Jean-Luc Decornoy as Alternate     For       For        Management
      Auditor
18    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 900,000
19    Approve Stock Option Plan Grants          For       For        Management
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 4 Billion
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 2 Billion
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan


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

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  F92124100
Meeting Date: MAY 14, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and Net      For       For        Management
      Dividends of EUR 4.70 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
6     Authorize Issuance of Bonds/Debentures    For       For        Management
7     Reelect Thierry Desmarest as Director     For       For        Management
8     Reelect Thierry de Rudder as Director     For       For        Management
9     Reelect Serge Tchuruk as Director         For       For        Management
10    Elect Daniel Boeuf as Representative of   For       For        Management
      Employee Shareholders to the Board
11    Elect Philippe Marchandise as             Against   Against    Management
      Representative of Employee Shareholders
      to the Board
12    Elect Cyril Mouche as Representative of   Against   Against    Management
      Employee Shareholders to the Board
13    Elect Alan Cramer as Representative of    Against   Against    Management
      Employee Shareholders to the Board
14    Ratify Ernst & Young Audit as Auditors    For       For        Management
15    Ratify KPMG Audit as Auditors             For       For        Management
16    Ratify Pierre Jouanne as Alternate        For       For        Management
      Auditor
17    Ratify Jean-Luc Decornoy as Alternate     For       For        Management
      Auditor
18    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 900,000
19    Approve Stock Option Plan Grants          For       For        Management
20    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 4 Billion
21    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 2 Billion
22    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan


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

TOTAL SA

Ticker:       <NULL>         Security ID:  F92124100
Meeting Date: APR 28, 2004   Meeting Type: MIX
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the reading of the Board of       *         For        Management
      Directors  report and the general
      Auditorsreport and approve the accounts
      and the balance sheet of the Company
      total S.A. for the FY 2003
2     Receive the consolidated accounts and     *         For        Management
      that the Board of Directors  report
      forthe Group is included in the Board of
      Directors  report
3     Approve the profits for the FY as         *         For        Management
      follows: EUR 3,272,172,931.00; prior
      retained earnings: EUR 1,056,490,628.00;
      distributable profits: EUR
      4,328,663,559.00and approve the
      appropriation of the profits as follows:
      total number of shares: 655,130,985;
      global
4     Approve the Special Auditors  report, in  *         For        Management
      accordance with the provisions of Article
      L.225-38 of the Commercial Law
5     Authorize the Board, in substitution for  *         For        Management
      the authority of the Resolution 6 ofthe
      Combined General Meeting of 06 MAY 2003,
      to trade the Company s shares onthe stock
      exchange, notably in view of adjusting
      their price as per the following
      conditions: maximum
6     Authorize the Board of Directors, in      *         For        Management
      France or abroad, in substitution for
      theauthority of the Resolution 21 of the
      combined general meeting of 22 MAR 2000,
      with the issue of bond issues,
      subordinated or not, debt securities,
      subordinated or not permanent
7     Approve to renew the term of office of    *         For        Management
      Mr. Thierry Desmarest as a Director fora
      period of 3 years
8     Approve to renew the term of office of    *         For        Management
      Mr. Thierry Derudder as a Director fora
      period of 3 years
9     Approve to renew the term of office of    *         For        Management
      Mr. Serge Tchuruk as a Director for a
      period of 3 years
10    Appoint Mr. Daniel Boeuf as a Director,   *         For        Management
      in accordance with the provision of the
      Article 11, who represents the
      shareholding wage earners for a period of
      3 years
11    PLEASE NOTE THAT THIS RESOLUTION IS A     *         Against    Shareholder
      SHAREHOLDERS  PROPOSAL: Appoint Mr.
      Philippe Marchandise as a Director, in
      accordance with the provision of the
      Article 11, who represents the
      shareholding wage earners for a period of
      3 years
12    PLEASE NOTE THAT THIS RESOLUTION IS A     *         Against    Shareholder
      SHAREHOLDERS  PROPOSAL: Appoint Mr. Cyril
      Mouche as a Director, in accordance with
      the provision of the Article 11, who
      represents the shareholding wage earners
      for a period of 3 years
13    PLEASE NOTE THAT THIS RESOLUTION IS A     *         Against    Shareholder
      SHAREHOLDERS  PROPOSAL: Appoint Mr.
      AlanCramer as a Director, in accordance
      with the provision of the Article 11,
      whorepresents the shareholding wage
      earners for a period of 3 years
14    Appoint firm Ernst and Young Audit in     *         For        Management
      place of the firm Barbier, Frinault
      andAutres, as the statutory auditor for a
      period of 6 years
15    Approve to renew the term of office of    *         For        Management
      the Firm KPMG Audit as the Statutory
      Auditor for a period of 6 years
16    Appoint Mr. Pierre Jouanne, who replaces  *         For        Management
      Mr. Alain Grosmann, as the Deputy Auditor
      for a period of 6 years
17    Appoint Mr. Jean-Luc Decornoy as the      *         For        Management
      Deputy Auditor, who replaces the firm
      Salustro Reydel, for a period of 6 years
18    Approve the allocation of EUR 900,000.00  *         For        Management
      to the Directors as the attendance fees
19    Authorize the Board of Directors, in      *         For        Management
      substitution for the authority of the
      Resolution 9 of the combined general
      meeting of 22 MAR 2000, to grant to the
      benefit of the Members to be chosen by
      it, stock options granting the right to
      purchase the Company s n
20    Authorize the Board of Directors, in      *         For        Management
      substitution for the authority of the
      Resolution 11 of the combined general
      meeting of 22 MAR 2000, to proceed with
      thepreferential right, in France or
      aboard, with the issue of shares, equity
      warrants and the securiti
21    Authorize the Board of Directors to       *         For        Management
      proceed without the preferential right,
      inFrance or aboard, with the issue of
      securities up to a nominal amount of
      EUR2,000,000,000.00
22    Approve the capital increase, reserved    *         For        Management
      for the employees
23    A Verification Period exists in France.   *         No Vote    Management
      Please see http://ics.adp.com/marketguide
      for complete information.    Verification
      Period:  Registered Shares: 1 to 5 days
      prior to the meeting date, depends on
      company s by-laws.  Bearer Shares: 6 days
      prior to t
24    PLEASE NOTE IN THE EVENT THE MEETING DOES *         No Vote    Management
      NOT REACH QUORUM, THERE WILL BE A SECOND
      CALL ON 14 MAY 2004.  CONSEQUENTLY, YOUR
      VOTING INSTRUCTIONS WILL REMAINVALID FOR
      ALL CALLS UNLESS THE AGENDA IS AMENDED.
      PLEASE BE ALSO ADVISED THATYOUR SHARES
      WILL BE BLO


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

TOYOTA MOTOR CORP.

Ticker:       TM             Security ID:  J92676113
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 20,
      Final JY 25, Special JY 0
2     Amend Articles to: Authorize Share        For       For        Management
      Repurchases at Board's Discretion
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
3.25  Elect Director                            For       For        Management
3.26  Elect Director                            For       For        Management
3.27  Elect Director                            For       For        Management
4     Approve Executive Stock Option Plan       For       For        Management
5     Authorize Share Repurchase Program        For       For        Management
6     Approve Retirement Bonuses for Directors  For       For        Management
      and Special Bonus for Family of Deceased
      Director
7     Approve Alternate Allocation of Income,   Against   For        Shareholder
      with a Final Dividend of JY 40 Per Share
8     Amend Articles of Incorporation to        Against   For        Shareholder
      Require Disclosure of Individual
      Compensation Levels of Directors and
      Statutory Auditors
9     Amend Articles of Incorporation to        Against   Against    Shareholder
      Prohibit Corporate Donations to Political
      Parties and Political Fundraising Groups


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

TPG NV (FORMERLY TNT POST GROUP NV)

Ticker:       TP             Security ID:  N31143105
Meeting Date: APR 7, 2004    Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Presentation by M. Bakker         None      None       Management
3     Receive Report of Management Board        None      None       Management
4     Discussion about Company's Corporate      None      None       Management
      Governance Policy
5.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
5.2   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
5.3   Approve Discharge of Management Board     For       For        Management
5.4   Approve Discharge of Supervisory Board    For       For        Management
5.5   Authorize Board to Prepare Annual Report  For       For        Management
      in English
6.1   Ratify Previous Appointment of D. Kulik   For       For        Management
      and M. Lombard as New Members to the
      Management Board
6.2   Reelect M. Bakker to Management Board     For       For        Management
7     Approve Remuneration Policy for           For       For        Management
      Management Board
8.1   Opportunity for General Meeting to Make   None      None       Management
      Recommendations for Appointment Member of
      Supervisory Board
8.2   Reelect R. Abrahamsen to Supervisory      For       For        Management
      Board
8.3   Receive Announcement of Resignation of J. None      None       Management
      Hommem from Supervisory Board
9.1   Grant Board Authority to Issue All        For       Against    Management
      Preference B Shares as well as Ordinary
      Shares Up to 20 Percent of Issued Share
      Capital
9.2   Grant Board Authority to Restrict/Exclude For       Against    Management
      Preemptive Rights from Ordinary Share
      Issuance Under Item 9.1
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Receive Announcement on the Conclusions   None      None       Management
      of Three-Year Assessment of the
      Functioning of the External Auditor
12    Amend Articles Re: Add Indemnity Clause   For       For        Management
      to Indemnify Members of Management Board
      and Supervisory Board
13    Allow Questions                           None      None       Management
14    Close Meeting                             None      None       Management


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

UBS AG

Ticker:                      Security ID:  H8920M855
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
2     Approve Allocation of Income and          For       Did Not    Management
      Dividends of CHF 2.60 per Share                     Vote
3     Approve Discharge of Board and Senior     For       Did Not    Management
      Management                                          Vote
4.1   Reelect Peter Davis as Director           For       Did Not    Management
                                                          Vote
4.2.1 Elect Stephan Haeringer as Director       For       Did Not    Management
                                                          Vote
4.2.2 Elect Helmut Panke as Director            For       Did Not    Management
                                                          Vote
4.2.3 Elect Peter Spuhler as Director           For       Did Not    Management
                                                          Vote
4.3   Ratify Ernst and Young as Auditors        For       Did Not    Management
                                                          Vote
5.1   Approve CHF 47.6 Million Reduction in     For       Did Not    Management
      Share Capital via Cancellation of Shares            Vote
5.2   Authorize Repurchase of Issued Share      For       Did Not    Management
      Capital                                             Vote


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

UBS AG

Ticker:       <NULL>         Security ID:  H8920M855
Meeting Date: APR 15, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO VOTE IN THE UPCOMING MEETING, YOUR     *         For        Management
      NAME MUST BE NOTIFIED TO THE COMPANY
      REGISTRAR AS BENEFICIAL OWNER BEFORE THE
      RECORD DATE.  PLEASE ADVISE US NOW IF YOU
      INTEND TO VOTE.  NOTE THAT THE COMPANY
      REGISTRAR HAS DISCRETION OVER GRANTING
      VOTING RIGHTS.  ONC


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

UBS AG

Ticker:                      Security ID:  H8920M855
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     ANNUAL REPORT, GROUP AND PARENT COMPANY   For       For        Management
      ACCOUNTS FOR 2003. REPORTS OF THE GROUP
      AND STATUTORY AUDITORS
2     APPROPRIATION OF RETAINED EARNINGS.       For       For        Management
      DIVIDEND FOR FINANCIAL YEAR 2003
3     DISCHARGE OF THE MEMBERS OF THE BOARD OF  For       For        Management
      DIRECTORS AND THE GROUP EXECUTIVE BOARD
4     RE-ELECTION OF BOARD MEMBER: SIR PETER    For       For        Management
      DAVIS
5     ELECTION OF NEW BOARD MEMBER: STEPHAN     For       For        Management
      HAERINGER
6     ELECTION OF NEW BOARD MEMBER: HELMUT      For       For        Management
      PANKE
7     ELECTION OF NEW BOARD MEMBER: PETER       For       For        Management
      SPUHLER
8     RE-ELECTION OF GROUP AND STATUTORY        For       For        Management
      AUDITORS ERNST & YOUNG LTD., BASEL
9     CAPITAL REDUCTION: CANCELLATION OF SHARES For       For        Management
      REPURCHASED UNDER THE 2003/2004 SHARE
      BUYBACK PROGRAM AND RESPECTIVE AMENDMENT
      OF ARTICLE 4 OF THE ARTICLES OF
      ASSOCIATION
10    CAPITAL REDUCTION: APPROVAL OF A NEW      For       For        Management
      2004/2005 SHARE BUYBACK PROGRAM
11    IN CASE OF AD-HOC SHAREHOLDERS MOTIONS    For       For        Management
      DURING THE ANNUAL GENERAL MEETING, I/WE
      AUTHORIZE MY/OUR PROXY TO VOTE IN
      ACCORDANCE WITH THE BOARD OF DIRECTORS


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

UBS AG

Ticker:       <NULL>         Security ID:  H8920M855
Meeting Date: APR 15, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the annual report, the Group and  *         For        Management
      the parent Company accounts for
      2003,reports of the Group and the
      Statutory Auditors
2     Approve the appropriation of retained     *         For        Management
      earnings dividend for FY 2003
3     Grant discharge to the Members of the     *         For        Management
      Board of Directors and the Group
      Executive Board
4     Re-elect Sir Peter Davis as a Director    *         For        Management
5     Elect Mr. Stephan Haeringer as a new      *         For        Management
      Board Member
6     Elect Mr. Helmut Panke as a new Board     *         For        Management
      Member
7     Elect Mr. Peter Spuhler as a new Board    *         For        Management
      Member
8     Re-elect Ernst Young Ltd., Basel, as the  *         For        Management
      Group and the Statutory Auditors
9     Approve to cancel the shares repurchased  *         For        Management
      under the 2003/2004 share buyback program
      and respective amendment of Article 4 of
      the Articles of Association
10    Approve the new 2004/2005 share buyback   *         For        Management
      program
11    PLEASE NOTE THAT THIS IS THE PART II OF   *         No Vote    Management
      THE NOTICE SENT UNDER MEETING
      #118239.THANK YOU


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

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  T95132105
Meeting Date: APR 30, 2004   Meeting Type: Annual/Special
Record Date:  APR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Maximum 60 Million    For       For        Management
      Shares Pursuant to Share Option Scheme In
      Favor of Managers/Directors of the Group
2     Approve Issuance of Maximum 104.85        For       For        Management
      Million Shares Pursuant to Share Option
      Scheme In Favor of Employees of the Group
1     Accept Financial Statements, Consolidated For       For        Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program        For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Appoint Internal Statutory Auditors,      For       For        Management
      Chairman, and Two Alternate Auditors
5     Approve Annual Remuneration of Internal   For       For        Management
      Statutory Auditors
6     Elect External Auditors, KPMG Spa, and    For       For        Management
      Fix Remuneration of Auditors


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

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  T95132105
Meeting Date: JUN 25, 2004   Meeting Type: Special
Record Date:  JUN 18, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To Reflect New Italian     For       Against    Management
      Company Law Regulations; Introduce One
      New Article in the Bylaws; Cancel Rules
      Governing General Meetings As Part of the
      Company's Bylaws
1     Approve Rules Governing General Meetings  For       For        Management


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

UNICREDITO ITALIANO SPA (FORM .CREDITO ITALIANO)

Ticker:                      Security ID:  T95132105
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Maximum 60 Million    For       For        Management
      Shares Pursuant to Share Option Scheme In
      Favor of Managers/Directors of the Group
2     Approve Issuance of Maximum 104.85        For       For        Management
      Million Shares Pursuant to Share Option
      Scheme In Favor of Employees of the Group
1     Accept Financial Statements, Consolidated For       For        Management
      Accounts, and Statutory Reports
2     Authorize Share Repurchase Program        For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Appoint Internal Statutory Auditors,      For       For        Management
      Chairman, and Two Alternate Auditors
5     Approve Annual Remuneration of Internal   For       For        Management
      Statutory Auditors
6     Elect External Auditors, KPMG Spa, and    For       For        Management
      Fix Remuneration of Auditors


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

UNILEVER N.V.

Ticker:       UN             Security ID:  N8981F156
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAY 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and Report   None      None       Management
      by Remuneration Committe
2     Approve Financial Statements and          For       For        Management
      Allocation of Income and Dividends
3     Approve Discharge of Board of Directors   For       For        Management
4     Discussion of Company's Corporate         For       For        Management
      Governance Report; Amend Articles Re:
      Adopt One-Tier Board Structure; Enable
      Shareholders to Override Binding
      Nominations for Appointment of Directors;
      Other Changes
5.1   Elect A. Burgmans as Executive Director   For       For        Management
5.2   Elect A. Butler as Executive Director     For       For        Management
5.3   Elect P. Cescau as Executive Director     For       For        Management
5.4   Elect K. Dadiseth as Executive Director   For       For        Management
5.5   Elect NWA Fitzgerald KBE as Executive     For       For        Management
      Director
5.6   Elect A. van Heemstra as Executive        For       For        Management
      Director
5.7   Elect R. Markham as Executive Director    For       For        Management
5.8   Elect C. van der Graaf as New Executive   For       For        Management
      Director
6.1   Elect Rt Hon The Lord of Brittan of       For       For        Management
      Spennithorne QC DL as Non-Executive
      Director
6.2   Elect Baroness Chalker of Wallasey as     For       For        Management
      Non-Executive Director
6.3   Elect B. Collomb as Non-Executive         For       For        Management
      Director
6.4   Elect W. Dik as Non-Executive Director    For       For        Management
6.5   Elect O. Fanjul as Non-Executive Director For       For        Management
6.6   Elect C. Gonzalez as Non-Executive        For       For        Management
      Director
6.7   Elect H. Kopper as Non-Executive Director For       For        Management
6.8   Elect Lord Simon of Highbury CBE as       For       For        Management
      Non-Executive Director
6.9   Elect van der Veer as Non-Executive       For       For        Management
      Director
7     Approve Remuneration of Non-Executive     For       For        Management
      Directors in an Aggregate Amount of EUR
      800,000
8     Ratify PricewaterhouseCoopers as Auditors For       For        Management
9     Grant Board Authority to Issue All        For       Against    Management
      Authorized Yet Unissued Shares
      Restricting/Excluding Preemptive Rights
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Board to Set Record Date for a  For       For        Management
      Period of Five Years
12    Allow Questions                           None      None       Management


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

UNILEVER NV

Ticker:       <NULL>         Security ID:  N8981F156
Meeting Date: MAY 12, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT BLOCKING CONDITIONS FOR  *         No Vote    Management
      VOTING AT THIS GENERAL MEETING ARE
      RELAXED. BLOCKING PERIOD ENDS ONE DAY
      AFTER THE REGISTRATION DATE SET ON 05
      MAY2004. SHARES CAN BE TRADED THEREAFTER.
      THANK YOU
2     Approve the annual report by the          *         For        Management
      Executive Board over FY 2003 and the
      report of the remuneration
3     Approve to determine the annual account   *         For        Management
      and the profit designation over FY 2003
4     Grant discharge to the Members of         *         For        Management
      Executive Board
5     Approve the Corporate Governance and      *         For        Management
      amend the Articles of Association
6     Appoint the Member of Executive Board     *         For        Management
7     Appoint a Non-Executive Member            *         For        Management
8     Approve the remuneration of a             *         For        Management
      Non-Executive Member
9     Appoint the Auditors                      *         For        Management
10    Grant authority to issue own shares as    *         Against    Management
      body
11    Grant authority to purchase own shares    *         For        Management
12    Authorize the Executive Board to restrict *         For        Management
      the registration time to exercise vote
      and meeting rights
13    Questions                                 *         Abstain    Management


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

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  V96194127
Meeting Date: APR 29, 2004   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program        For       For        Management


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

UNITED OVERSEAS BANK

Ticker:       UOVEY          Security ID:  V96194127
Meeting Date: APR 29, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Adopt Financial Statements and Directors' For       For        Management
      and Auditors' Reports
2     Declare Final Dividend of SGD 0.40 Per    For       For        Management
      Share
3     Approve Directors' Fees of SGD 618,750    For       For        Management
4     Reappoint Ernst & Young as Auditors and   For       For        Management
      Authorize Board to Fix Their Remuneration
5     Reelect Sim Wong Hoo as Director          For       For        Management
6     Reelect Lim Pin as Director               For       For        Management
7     Reelect Margaret Lien Wen Hsien as        For       For        Management
      Director
8     Reelect Ng Boon Yew as Director           For       For        Management
9     ReappointWee Cho Yaw as Director          For       For        Management
10    Approve Issuance of Shares and Grant of   For       Against    Management
      Options Pursuant to the 1999 Share Option
      Scheme
11    Approve Issuance of Shares without        For       For        Management
      Preemptive Rights


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

VINCI (FORMERLY SOCIETE GENERALE D'ENTREPRISES)

Ticker:                      Security ID:  F5879X108
Meeting Date: APR 23, 2004   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.54 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Approve Discharge of Directors            For       For        Management
6     Ratify Cooptation of Quentin Davies as    For       For        Management
      Director
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 800,000
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 600 Million
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 600 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees of International Subsidiaries
      Participating in Share Purchase Plan
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

VINCI (FORMERLY SOCIETE GENERALE D'ENTREPRISES)

Ticker:                      Security ID:  F5879X108
Meeting Date: MAY 4, 2004    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.54 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Approve Discharge of Directors            For       For        Management
6     Ratify Cooptation of Quentin Davies as    For       For        Management
      Director
7     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 800,000
8     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 600 Million
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 600 Million
12    Approve Capital Increase Reserved for     For       For        Management
      Employees of International Subsidiaries
      Participating in Share Purchase Plan
13    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

VNU (NV VERENIGD BEZIT VNU)

Ticker:       VNULY          Security ID:  N93612104
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  APR 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
3.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
3.2   Approve Discharge of Management Board     For       For        Management
3.3   Approve Discharge of Supervisory Board    For       For        Management
4.1   Receive Explanation of Company's Reserves None      None       Management
      and Dividend Policy
4.2   Approve Dividends                         For       For        Management
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6.1   Grant Board Authority to Issue Common and For       For        Management
      Seven Percent Preference Shares Up to 20
      Percent of Issued Share Capital
6.2   Grant Board Authority to Issue All        For       For        Management
      Authorized Yet Unissued Preference B
      Shares Restricting/Excluding Preemptive
      Rights
6.3   Grant Board Authority to Exclude          For       For        Management
      Preemptive Rights from Issuance of Common
      Shares Under Item 6.1
7     Ratify Auditors                           For       For        Management
8     Discussion about Company's Corporate      None      None       Management
      Governance Report
9     Approve Remuneration of Management Board  For       For        Management
10    Reelect P. Elverding and J. Brentjes to   For       For        Management
      Supervisory Board
11    Approve Remuneration of Supervisory Board For       For        Management
12    Other Business                            None      None       Management
13    Close Meeting                             None      None       Management


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

VNU NV, HAARLEM

Ticker:       <NULL>         Security ID:  N93612104
Meeting Date: APR 20, 2004   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     PLEASE NOTE THAT BLOCKING CONDITIONS FOR  *         No Vote    Management
      VOTING AT THIS GENERAL MEETING ARE
      RELAXED. BLOCKING PERIOD ENDS ONE DAY
      AFTER THE REGISTRATION DATE SET ON 13
      APR2004. SHARES CAN BE TRADED THEREAFTER.
      THANK YOU.
2     Opening                                   *         No Vote    Management
3     Approve the report of the Board of        *         For        Management
      Management
4     Approve the annual accounts               *         For        Management
5     Grant discharge to the Board of           *         For        Management
      Management
6     Grant discharge to the Supervisory Board  *         For        Management
7     Approve the dividend and reserve policy   *         For        Management
8     Approve the dividend                      *         For        Management
9     Approve the extension of the authority of *         For        Management
      the Board of Management to acquire shares
      for 18 months
10    Approve the extension of the authority of *         For        Management
      the Board of Management to issue shares
      for 18 months
11    Approve the extension of the authority of *         For        Management
      the Board of Management to acquire shares
      for 18 months
12    Approve the extension of the authority of *         For        Management
      the Board of Management to limit
      orexclude the pre-emptive right for 18
      months
13    Appoint an Auditor                        *         For        Management
14    Approve the Corporate governance          *         For        Management
15    Approve the remuneration policy of the    *         For        Management
      Board of Management
16    Approve the stock option plan of Board of *         For        Management
      Management
17    Approve the restricted stock plan of the  *         For        Management
      Board of Management
18    Re-appoint Mr. P.A.F.W. Elverding as a    *         For        Management
      member of the Supervisory Board
19    Re-appoint Mr. J.L. Brentjens as a member *         For        Management
      of the Supervisory Board
20    Approve the remuneration of the           *         For        Management
      Supervisory Board
21    Announcements and other business          *         For        Management
22    Clousure                                  *         No Vote    Management


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

VODAFONE GROUP PLC

Ticker:       <NULL>         Security ID:  G93882101
Meeting Date: JUL 30, 2003   Meeting Type: AGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Please click on the above link to access  *         No Vote    Management
      Vodafone Group s 2003 Notice of Annual
      General Meeting and Annual Review &
      Summary Financial Statement
2     Receive the report of the Directors and   *         For        Management
      financial statements for the YE 31
      MAR2003
3     Approve the remuneration report of the    *         For        Management
      Board for the YE 31 MAR 2003
4     Re-appoint Lord MacLaurin of Knebworth    *         For        Management
      DL, a Director retiring in accordance
      with the Company s Articles of
      Association, as a Director of the Company
5     Re-appoint Mr. Kenneth Hydon, a Director  *         For        Management
      retiring in accordance with the Company s
      Articles of Association, as a Director of
      the Company
6     Re-appoint Mr. Thomas Geitner, a Director *         For        Management
      retiring in accordance with the Company s
      Articles of Association, as a Director of
      the Company
7     Re-appoint Professor Sir Alec Broers, a   *         For        Management
      Director retiring in accordance with the
      Company s Articles of Association, as a
      Director of the Company
8     Re-appoint Mr. Jurgen Schrempp, a         *         For        Management
      Director retiring in accordance with the
      Company s Articles of Association, as a
      Director of the Company
9     Re-appoint Dr. John Buchanan, a Director  *         For        Management
      retiring in accordance with the Company s
      Articles of Association, as a Director of
      the Company
10    Approve that the final dividend           *         For        Management
      recommended by the Directors of 0.8983p
      per ordinary share for the YE 31 MAR 2003
      be declared payable on the ordinary
      sharesof the Company to all members whose
      names appear on the Register of Members
      on 6 JUN 2003 and that
11    Re-appoint Deloitte & Touche as Auditors  *         For        Management
      to the Company until the next AGM
12    Authorize the Audit Committee to          *         For        Management
      determine the remuneration of the
      Auditors
13    Authorize the Company and any company     *         For        Management
      which is or becomes a subsidiary of
      theCompany during the period to which
      this resolution relates and for the
      purposes of Part XA of the Companies Act
      1985, to make Donations to EU Political
      Organizations or incur EU
14    Renew the authority conferred on the      *         For        Management
      Directors by Article 16.2 of the Companys
      Articles of Association and for this
      purpose: 13.1) the Section 80 amount
      beUSD 900,000,000; and 13.2) the
      prescribed period be the period ending on
      thedate of the AGM in 2004
15    Approve that, subject to the passing of   *         For        Management
      Resolution 13, the power conferred onthe
      Directors by Article 16.3 of the Company
      s Articles of Association be renewed for
      the prescribed period specified in
      Resolution 13.2 and for such periodthe
      Section 89 amount
16    Authorize the Company, generally and      *         For        Management
      unconditionally, for the purposes of
      Section 166 of the Companies Act 1985, to
      make market purchases (as defined in
      Section 163 of that Act) of ordinary
      shares of USD 0.10 each in the capital of
      the Company provided th


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

ZURICH FINANCIAL SERVICES AG (FORMERLY ZURICH ALLIED AG)

Ticker:                      Security ID:  H9870Y105
Meeting Date: APR 16, 2004   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3     Approve CHF 360 Million Reduction in      For       For        Management
      Share Capital
4     Approve Discharge of Board and Senior     For       For        Management
      Management
5.1.1 Elect Thomas Escher as Director           For       For        Management
5.1.2 Reelect Lodewijk van Wachem as Director   For       For        Management
5.1.3 Reelect Philippe Pidoux as Director       For       For        Management
5.1.4 Reelect Armin Meyer as Director           For       For        Management
5.1.5 Reelect Rolf Watter as Director           For       For        Management
5.2   Reelect PricewaterhouseCoopers AG as      For       For        Management
      Auditors


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

ZURICH FINANCIAL SERVICES, ZUERICH

Ticker:       <NULL>         Security ID:  H9870Y105
Meeting Date: APR 16, 2004   Meeting Type: OGM
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve the annual report, the financial  *         For        Management
      statements and the consolidated financial
      statements for 2003
2     Approve the appropriation of the balance  *         For        Management
      profit for 2003
3     Authorize the Board of Directors to       *         For        Management
      reduce the share capital by CHF
      360,017,387.50 from CHF 1,296,062,595 to
      a new total of CHF 936,045,207.50
      Article 5 ,by reducing the nominal value
      of each registered share by CHF 2.50 from
      CHF 9to CHF 6.50
4     Grant the Board of Directors and of the   *         For        Management
      Group Executive Committee to release from
      their liability for their activities in
      the 2003 business year
5     Re-elect Mr. Messrs Lodewijk Van Wachem   *         For        Management
      as the Board of Director for a term of1
      year
6     Re-elect Mr. Philippe Pidoux as the Board *         For        Management
      of Director for a term of 2 year
7     Re-elect Mr. Messrs Armin Mcyer as the    *         For        Management
      Board of Director for a term of 3 year
8     Re-elect Mr. Rolf Watter as the Board of  *         For        Management
      Director for a term of 3 year
9     Elect Mr. Thomas Escher as the Board of   *         For        Management
      Director for a term of 2 years




========= SMITH BARNEY INVESTMENT SERIES - SMITH BARNEY LARGE CAP CORE =========
=========                             FUND                             =========


3M CO

Ticker:       MMM            Security ID:  88579Y101
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward A. Brennan         For       For        Management
1.2   Elect  Director Michael L. Eskew          For       For        Management
1.3   Elect  Director W. James McNerney, Jr.    For       For        Management
1.4   Elect  Director Kevin W. Sharer           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Separate Chairman and CEO Positions       Against   For        Shareholder


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

AGCO CORP.

Ticker:       AG             Security ID:  001084102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director W. Wayne Booker           For       For        Management
1.2   Elect  Director Gerald B. Johanneson      For       For        Management
1.3   Elect  Director Curtis E. Moll            For       For        Management
1.4   Elect  Director Robert J. Ratliff         For       For        Management
2     Prepare Sustainability Report             Against   Against    Shareholder


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

AGILENT TECHNOLOGIES INC.

Ticker:       A              Security ID:  00846U101
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James G. Cullen            For       For        Management
1.2   Elect Director Robert L. Joss             For       For        Management
1.3   Elect Director Walter B. Hewlett          For       For        Management
2     Ratify Auditors                           For       For        Management


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

ALCOA INC.

Ticker:       AA             Security ID:  013817101
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J.P. Belda          For       For        Management
1.2   Elect  Director Carlos Ghosn              For       For        Management
1.3   Elect  Director Henry B. Schacht          For       For        Management
1.4   Elect  Director Franklin A. Thomas        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Report on Pay Disparity                   Against   Against    Shareholder
4     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote


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

AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Phillip B. Lassiter       For       For        Management
1.2   Elect  Director Michael A. Callen         For       For        Management
1.3   Elect  Director Renso L. Caporali         For       For        Management
1.4   Elect  Director Jill M. Considine         For       For        Management
1.5   Elect  Director Richard Dulude            For       For        Management
1.6   Elect  Director Robert J. Genader         For       For        Management
1.7   Elect  Director W. Grant Gregory          For       For        Management
1.8   Elect  Director Laura S. Unger            For       For        Management
1.9   Elect  Director Henry D. G. Wallace       For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


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

AMERICAN EXPRESS CO.

Ticker:       AXP            Security ID:  025816109
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Daniel F. Akerson         For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director William G. Bowen          For       For        Management
1.4   Elect  Director Ursula M. Burns           For       For        Management
1.5   Elect  Director Kenneth I. Chenault       For       For        Management
1.6   Elect  Director Peter R. Dolan            For       For        Management
1.7   Elect  Director Vernon E. Jordan, Jr.     For       For        Management
1.8   Elect  Director Jan Leschly               For       For        Management
1.9   Elect  Director Richard A. McGinn         For       For        Management
1.10  Elect  Director Edward D. Miller          For       For        Management
1.11  Elect  Director Frank P. Popoff           For       For        Management
1.12  Elect  Director Robert D. Walter          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

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


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

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


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: JUN 28, 2004   Meeting Type: Special
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2     Change Company Name                       For       For        Management


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victor S. Liss            For       For        Management
1.2   Elect  Director James W. McDowell, Jr.    For       For        Management
1.3   Elect  Director George A. Schaefer, Jr.   For       For        Management
1.4   Elect  Director Jackie M. Ward            For       For        Management


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

BANK OF NEW YORK CO., INC., THE

Ticker:       BK             Security ID:  064057102
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank J. Biondi, Jr.      For       For        Management
1.2   Elect  Director Nicholas M. Donofrio      For       For        Management
1.3   Elect  Director Alan R. Griffith          For       For        Management
1.4   Elect  Director Gerald L. Hassell         For       For        Management
1.5   Elect  Director Richard J. Kogan          For       For        Management
1.6   Elect  Director Michael J. Kowalski       For       For        Management
1.7   Elect  Director John A. Luke, Jr.         For       For        Management
1.8   Elect  Director John C. Malone            For       For        Management
1.9   Elect  Director Paul Myners, CBE          For       For        Management
1.10  Elect  Director Robert C. Pozen           For       For        Management
1.11  Elect  Director Catherine A. Rein         For       For        Management
1.12  Elect  Director Thomas A. Renyi           For       For        Management
1.13  Elect  Director William C. Richardson     For       For        Management
1.14  Elect  Director Brian L. Roberts          For       For        Management
1.15  Elect  Director Samuel C. Scott III       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Report on Political Contributions         Against   Against    Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Limit Composition of Committee to         Against   Against    Shareholder
      Independent Directors
7     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

BEA SYSTEMS, INC.

Ticker:       BEAS           Security ID:  073325
Meeting Date: JUL 11, 2003   Meeting Type: Annual
Record Date:  MAY 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL TO RATIFY AND APPROVE THE        For       For        Management
      ADOPTION OF THE BEA SYSTEMS, INC. 2004
      SENIOR EXECUTIVE BONUS PLAN.
03    PROPOSAL TO RATIFY AND APPROVE THE        For       For        Management
      APPOINTMENT OF ERNST & YOUNG LLP AS THE
      INDEPENDENT AUDITORS FOR THE COMPANY FOR
      THE FISCAL YEAR ENDING JANUARY 31, 2004


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

BEA SYSTEMS, INC.

Ticker:       BEAS           Security ID:  073325102
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dean O. Morton            For       For        Management
1.2   Elect  Director George Reyes              For       For        Management
2     Ratify Auditors                           For       Against    Management


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

BIOGEN IDEC INC

Ticker:       BIIB           Security ID:  09062X103
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alan Belzer               For       For        Management
1.2   Elect  Director Mary L. Good              For       For        Management
1.3   Elect  Director James C. Mullen           For       For        Management
1.4   Elect  Director Bruce R. Ross             For       For        Management
2     Ratify Auditors                           For       For        Management


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

BIOGEN, INC.

Ticker:                      Security ID:  090597
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPROVE THE AGREEMENT AND PLAN OF      For       For        Management
      MERGER, DATED AS OF JUNE 20, 2003, BY AND
      AMONG IDEC PHARMACEUTICALS CORPORATION,
      BRIDGES MERGER CORPORATION AND BIOGEN.
02    TO APPROVE ANY PROPOSAL TO ADJOURN THE    For       Against    Management
      MEETING TO A LATER DATE, IF NECESSARY, TO
      SOLICIT ADDITIONAL PROXIES IF THERE ARE
      NOT SUFFICIENT VOTES IN FAVOR OF APPROVAL
      OF THE AGREEMENT AND PLAN OF MERGER.


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

BIOGEN, INC.

Ticker:                      Security ID:  090597105
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

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


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

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


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

CANADIAN NATIONAL RAILWAY CO.

Ticker:       CNR.           Security ID:  136375102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael R. Armellino      For       For        Management
1.2   Elect  Director A. Charles Baillie        For       For        Management
1.3   Elect  Director Hugh J. Bolton            For       For        Management
1.4   Elect  Director Purdy Crawford            For       For        Management
1.5   Elect  Director J.V. Raymond Cyr          For       For        Management
1.6   Elect  Director Gordon D. Giffin          For       For        Management
1.7   Elect  Director James K. Gray             For       For        Management
1.8   Elect  Director E. Hunter Harrison        For       For        Management
1.9   Elect  Director Edith E. Holiday          For       For        Management
1.10  Elect  Director V.M. Kempston Darkes      For       For        Management
1.11  Elect  Director Gilbert H. Lamphere       For       For        Management
1.12  Elect  Director Denis Losier              For       For        Management
1.13  Elect  Director Edward C. Lumley          For       For        Management
1.14  Elect  Director David G.A. Mclean         For       For        Management
1.15  Elect  Director Robert Pace               For       For        Management
2     Ratify Auditors                           For       For        Management


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDMENT AND RESTATEMENT   For       For        Management
      OF THE EMPLOYEE STOCK PURCHASE PLAN,
      INCLUDING AN INCREASE OF 100,000,000
      SHARES AUTHORIZED FOR ISSUANCE UNDER THE
      PLAN AND A 5-YEAR EXTENSION OF THE PLAN,
      AS MORE FULLY SET FORTH IN THE
      ACCOMPANYING PROXY STATEMENT
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS CISCO S
      INDEPENDENT AUDITORS FOR THE FISCAL YEAR
      ENDING JULY 31, 2004.
04    PROPOSAL SUBMITTED BY A SHAREHOLDER THAT  Against   Against    Shareholder
      THE BOARD PREPARE A REPORT EACH FISCAL
      YEAR ON CISCO HARDWARE AND SOFTWARE
      PROVIDED TO GOVERNMENT AGENCIES AND
      STATE-OWNED COMMUNICATIONS OR INFORMATION
      TECHNOLOGY ENTITIES IN ANY COUNTRY, AS
      MORE FULLY SET FORTH I
05    PROPOSAL SUBMITTED BY SHAREHOLDERS THAT   Against   Against    Shareholder
      THE BOARD S COMPENSATION COMMITTEE
      PREPARE AND MAKE AVAILABLE BY JANUARY 1,
      2004, A REPORT COMPARING TOTAL
      COMPENSATION OF THE COMPANY S TOP
      EXECUTIVES AND ITS LOWEST PAID WORKERS IN
      THE U.S. AND ABROAD AS OF SPECIF


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carol A. Bartz             For       For        Management
1.2   Elect Director Larry R. Carter            For       For        Management
1.3   Elect Director John T. Chambers           For       For        Management
1.4   Elect Director Dr. James F. Gibbons       For       For        Management
1.5   Elect Director Dr. John L. Hennessy       For       For        Management
1.6   Elect Director Roderick C. McGeary        For       For        Management
1.7   Elect Director James C. Morgan            For       For        Management
1.8   Elect Director John P. Morgridge          For       For        Management
1.9   Elect Director Donald T. Valentine        For       For        Management
1.10  Elect Director Steven M. West             For       For        Management
1.11  Elect Director Jerry Yang                 For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       For        Management
4     Report on Company Products Used by the    Against   Against    Shareholder
      Government to Monitor the Internet
5     Report on Pay Disparity                   Against   Against    Shareholder


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

COCA-COLA COMPANY, THE

Ticker:       KO             Security ID:  191216100
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Herbert A. Allen          For       For        Management
1.2   Elect  Director Ronald W. Allen           For       For        Management
1.3   Elect  Director Cathleen P. Black         For       For        Management
1.4   Elect  Director Warren E. Buffett         For       For        Management
1.5   Elect  Director Douglas N. Daft           For       For        Management
1.6   Elect  Director Barry Diller              For       For        Management
1.7   Elect  Director Donald R. Keough          For       For        Management
1.8   Elect  Director Susan Bennett King        For       For        Management
1.9   Elect  Director Maria Elena Lagomasino    For       For        Management
1.10  Elect  Director Donald F. Mchenry         For       For        Management
1.11  Elect  Director Robert L. Nardelli        For       For        Management
1.12  Elect  Director Sam Nunn                  For       For        Management
1.13  Elect  Director J. Pedro Reinhard         For       For        Management
1.14  Elect  Director James D. Robinson III     For       For        Management
1.15  Elect  Director Peter V. Ueberroth        For       For        Management
1.16  Elect  Director James B. Williams         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Operational Impact of HIV/AIDS  For       For        Shareholder
      Pandemic
4     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Submit Executive Compensation to Vote     Against   Against    Shareholder
7     Submit Executive Compensation to Vote     Against   Against    Shareholder
8     Implement China Principles                Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

COMCAST CORP.

Ticker:       CMCSA          Security ID:  20030N101
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director S. Decker Anstrom         For       For        Management
1.2   Elect  Director C. Michael Armstrong      For       For        Management
1.3   Elect  Director Kenneth J. Bacon          For       For        Management
1.4   Elect  Director Sheldon M. Bonovitz       For       For        Management
1.5   Elect  Director Julian A. Brodsky         For       For        Management
1.6   Elect  Director Joseph L. Castle, II      For       For        Management
1.7   Elect  Director J. Michael Cook           For       For        Management
1.8   Elect  Director Brian L. Roberts          For       For        Management
1.9   Elect  Director Ralph J. Roberts          For       For        Management
1.10  Elect  Director Dr. Judith Rodin          For       For        Management
1.11  Elect  Director Michael I. Sovern         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Restricted Stock Plan               For       For        Management
4     Amend Articles/Bylaws/Charter-Non-Routine For       For        Management
5     Require Two-Thirds Majority of            Against   For        Shareholder
      Independent Directors on Board
6     Political Contributions/Activities        Against   Against    Shareholder
7     Nominate Two Directors for every open     Against   Against    Shareholder
      Directorships
8     Limit Executive Compensation              Against   Against    Shareholder
9     Adopt a Recapitalization Plan             Against   For        Shareholder


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

COMERICA INC.

Ticker:       CMA            Security ID:  200340107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ralph W. Babb, Jr.        For       For        Management
1.2   Elect  Director James F. Cordes           For       For        Management
1.3   Elect  Director Peter D. Cummings         For       For        Management
1.4   Elect  Director Todd W. Herrick           For       For        Management
1.5   Elect  Director William P. Vititoe        For       For        Management
1.6   Elect  Director Kenneth L. Way            For       For        Management
2     Approve Employee Stock Purchase Plan      For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management


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

DANAHER CORP.

Ticker:       DHR            Security ID:  235851102
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director  Steven M. Rales          For       For        Management
1.2   Elect  Director  John T. Schwieters       For       For        Management
1.3   Elect  Director  Alan G. Spoon            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Develop Charter Language on Board         Against   Against    Shareholder
      Diversity


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

DELL COMPUTER CORPORATION

Ticker:       DELL           Security ID:  247025
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    ELIMINATION OF CLASSIFIED BOARD           For       For        Management
03    CHANGE OF COMPANY NAME TO  DELL INC.      For       For        Management
04    APPROVAL OF EXECUTIVE ANNUAL INCENTIVE    For       For        Management
      BONUS PLAN


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

E.I. DU PONT DE NEMOURS & CO.

Ticker:       DD             Security ID:  263534109
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J. P. Belda         For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director Curtis J. Crawford        For       For        Management
1.4   Elect  Director John T. Dillon            For       For        Management
1.5   Elect  Director Louisa C. Duemling        For       For        Management
1.6   Elect  Director Charles O. Holliday, Jr.  For       For        Management
1.7   Elect  Director Deborah C. Hopkins        For       For        Management
1.8   Elect  Director Lois D. Juliber           For       For        Management
1.9   Elect  Director Masahisa Naitoh           For       For        Management
1.10  Elect  Director William K. Reilly         For       For        Management
1.11  Elect  Director H. Rodney Sharp, III      For       For        Management
1.12  Elect  Director Charles M. Vest           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Against    Shareholder
4     Adopt and Report on a Code of Corporate   Against   Against    Shareholder
      Conduct
5     Limit Executive Compensation              Against   Against    Shareholder


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

ELECTRONIC ARTS INC.

Ticker:       ERTS           Security ID:  285512
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENT TO THE 2000 EQUITY INCENTIVE    For       For        Management
      PLAN
03    AMENDMENT TO THE 2000 EMPLOYEE STOCK      For       For        Management
      PURCHASE PLAN
04    RATIFICATION OF APPOINTMENT OF            For       For        Management
      INDEPENDENT AUDITORS


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

ELECTRONIC ARTS, INC.

Ticker:       ERTS           Security ID:  285512109
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director M. Richard Asher           For       For        Management
1.2   Elect Director William J. Byron           For       For        Management
1.3   Elect Director Leonard S. Coleman         For       For        Management
1.4   Elect Director Gary M. Kusin              For       For        Management
1.5   Elect Director Gregory B. Maffei          For       For        Management
1.6   Elect Director Timothy Mott               For       For        Management
1.7   Elect Director Lawrence F. Probst III     For       For        Management
1.8   Elect Director Linda J. Srere             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management


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

EMC CORP.

Ticker:       EMC            Security ID:  268648102
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John R. Egan              For       For        Management
1.2   Elect  Director Michael C. Ruettgers      For       For        Management
1.3   Elect  Director David N. Strohm           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

ESTEE LAUDER COMPANIES INC., THE

Ticker:       EL             Security ID:  518439104
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Irvine O. Hockaday, Jr.    For       For        Management
1.2   Elect Director Fred H. Langhammer         For       For        Management
1.3   Elect Director Rose Marie Bravo           For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

EXELON CORP.

Ticker:       EXC            Security ID:  30161N101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas DeBenedictis     For       For        Management
1.2   Elect  Director G. Fred Dibona, Jr.       For       For        Management
1.3   Elect  Director Sue L. Gin                For       For        Management
1.4   Elect  Director Edgar D. Jannotta         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management


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

EXXON MOBIL CORP.

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Boskin         For       For        Management
1.2   Elect  Director James R. Houghton         For       For        Management
1.3   Elect  Director William R. Howell         For       For        Management
1.4   Elect  Director Reatha Clark King         For       For        Management
1.5   Elect  Director Philip E. Lippincott      For       For        Management
1.6   Elect  Director Harry J. Longwell         For       For        Management
1.7   Elect  Director Henry A. McKinnell, Jr.   For       For        Management
1.8   Elect  Director Marilyn Carlson Nelson    For       For        Management
1.9   Elect  Director Lee R. Raymond            For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director Rex W. Tillerson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Restricted  For       For        Management
      Stock Plan
4     Affirm Political Nonpartisanship          Against   Against    Shareholder
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
6     Report on Equatorial Guinea               Against   Against    Shareholder
7     Separate Chairman and CEO Positions       Against   Against    Shareholder
8     Prohibit Awards to Executives             Against   Against    Shareholder
9     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
10    Amend EEO Statement to Include Reference  Against   For        Shareholder
      to Sexual Orientation
11    Report on Climate Change Research         Against   Against    Shareholder


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

FIFTH THIRD BANCORP

Ticker:       FITB           Security ID:  316773100
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darryl F. Allen           For       For        Management
1.2   Elect  Director Allen M. Hill             For       For        Management
1.3   Elect  Director Dr Mitchel D Livingston   For       For        Management
1.4   Elect  Director Hendrik G. Meijer         For       For        Management
1.5   Elect  Director James E. Rogers           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adopt Sexual Orientation                  None      For        Shareholder
      Non-Discrimination Policy


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

FLEXTRONICS INTERNATIONAL LTD.

Ticker:       FLEX           Security ID:  Y2573F
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:  AUG 7, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    RE-ELECTION OF RICHARD L. SHARP AS A      For       For        Management
      DIRECTOR OF THE COMPANY.
2A    RE-ELECTION OF JAMES A. DAVIDSON AS A     For       For        Management
      DIRECTOR OF THE COMPANY.
2B    RE-ELECTION OF LIP-BU TAN AS A DIRECTOR   For       For        Management
      OF THE COMPANY.
03    RE-APPOINTMENT OF PATRICK FOLEY AS A      For       For        Management
      DIRECTOR OF THE COMPANY.
04    TO APPOINT DELOITTE & TOUCHE LLP AS       For       For        Management
      INDEPENDENT AUDITORS OF THE COMPANY FOR
      THE FISCAL YEAR ENDING MARCH 31, 2004
05    TO APPROVE AN AMENDMENT TO THE COMPANY S  For       For        Management
      1997 EMPLOYEE SHARE PURCHASE PLAN.
06    TO APPROVE THE AUTHORIZATION FOR THE      For       For        Management
      DIRECTORS OF THE COMPANY TO ALLOT AND
      ISSUE ORDINARY SHARES.
07    TO APPROVE THE AUTHORIZATION FOR THE      For       For        Management
      COMPANY TO PROVIDE CASH COMPENSATION TO
      ITS DIRECTORS.
08    TO APPROVE THE AUTHORIZATION OF THE       For       For        Management
      PROPOSED RENEWAL OF THE SHARE MANDATE
      RELATING TO ACQUISITIONS BY THE COMPANY
      OF ITS OWN ISSUED ORDINARY SHARES.


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

FLEXTRONICS INTERNATIONAL LTD.

Ticker:       FLEX           Security ID:  Y2573F102
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Reelect Richard Sharp as Director         For       For        Management
2a    Reelect James Davidson as Director        For       For        Management
2b    Reelect Lip-Bu Tan as Director            For       For        Management
3     Reelect Patrick Foley as Director         For       For        Management
4     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
5     Amend 1997 Employee Share Purchase Plan   For       For        Management
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Nonexecutive Directors' Fees      For       For        Management
8     Authorize Share Repurchase Program        For       For        Management


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

GENERAL DYNAMICS CORP.

Ticker:       GD             Security ID:  369550108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas D. Chabraja      For       For        Management
1.2   Elect  Director James S. Crown            For       For        Management
1.3   Elect  Director Lester Crown              For       For        Management
1.4   Elect  Director William P. Fricks         For       For        Management
1.5   Elect  Director Charles H. Goodman        For       For        Management
1.6   Elect  Director Jay L. Johnson            For       For        Management
1.7   Elect  Director George A. Joulwan         For       For        Management
1.8   Elect  Director Paul G. Kaminski          For       For        Management
1.9   Elect  Director John M. Keane             For       For        Management
1.10  Elect  Director Lester L. Lyles           For       For        Management
1.11  Elect  Director Carl E. Mundy, Jr.        For       For        Management
1.12  Elect  Director Robert Walmsley           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
4     Report on Foreign Military Sales          Against   Against    Shareholder


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

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   For        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


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

GOLDMAN SACHS GROUP, INC., THE

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lloyd C. Blankfein        For       For        Management
1.2   Elect  Director Lord Browne Of Madingley  For       For        Management
1.3   Elect  Director Claes Dahlback            For       For        Management
1.4   Elect  Director James A. Johnson          For       For        Management
1.5   Elect  Director Lois D. Juliber           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

HALLIBURTON CO.

Ticker:       HAL            Security ID:  406216101
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert L. Crandall        For       For        Management
1.2   Elect  Director Kenneth T. Derr           For       For        Management
1.3   Elect  Director Charles J. DiBona         For       For        Management
1.4   Elect  Director W. R. Howell              For       For        Management
1.5   Elect  Director Ray L. Hunt               For       For        Management
1.6   Elect  Director David J. Lesar            For       For        Management
1.7   Elect  Director Aylwin B. Lewis           For       For        Management
1.8   Elect  Director J. Landis Martin          For       For        Management
1.9   Elect  Director Jay A. Precourt           For       For        Management
1.10  Elect  Director Debra L. Reed             For       For        Management
1.11  Elect  Director C. J. Silas               For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Review/Report on Operations in Iran       Against   Against    Shareholder
4     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors
5     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

HEWLETT-PACKARD CO.

Ticker:       HPQ            Security ID:  428236103
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L.T. Babbio, Jr.          For       For        Management
1.2   Elect  Director P.C. Dunn                 For       For        Management
1.3   Elect  Director C.S. Fiorina              For       For        Management
1.4   Elect  Director R.A. Hackborn             For       For        Management
1.5   Elect  Director G.A. Keyworth II          For       For        Management
1.6   Elect  Director R.E. Knowling, Jr.        For       For        Management
1.7   Elect  Director S.M. Litvack              For       Withhold   Management
1.8   Elect  Director R.L. Ryan                 For       For        Management
1.9   Elect  Director L.S. Salhany              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder


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

HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gregory D. Brenneman      For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director John L. Clendenin         For       For        Management
1.4   Elect  Director Berry R. Cox              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Milledge A. Hart, III     For       For        Management
1.7   Elect  Director Bonnie G. Hill            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Robert L. Nardelli        For       For        Management
1.10  Elect  Director Roger S. Penske           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Performance- Based/Indexed Options        Against   Against    Shareholder
6     Adopt ILO Based Code of Conduct           Against   Against    Shareholder
7     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
8     Require Affirmative Vote of the Majority  Against   Against    Shareholder
      of the Shares to Elect Directors


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

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


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

INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Craig R. Barrett          For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director E. John P. Browne         For       For        Management
1.4   Elect  Director Andrew S. Grove           For       For        Management
1.5   Elect  Director D. James Guzy             For       For        Management
1.6   Elect  Director Reed E. Hundt             For       For        Management
1.7   Elect  Director Paul S. Otellini          For       For        Management
1.8   Elect  Director David S. Pottruck         For       For        Management
1.9   Elect  Director Jane E. Shaw              For       For        Management
1.10  Elect  Director John L. Thornton          For       For        Management
1.11  Elect  Director David B. Yoffie           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit/Prohibit Awards to Executives       Against   Against    Shareholder
6     Performance- Based/Indexed Options        Against   Against    Shareholder


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

ITT INDUSTRIES, INC.

Ticker:       ITT            Security ID:  450911102
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Auditors                           For       For        Management
2.1   Elect  Director Louis J. Giuliano         For       For        Management
2.2   Elect  Director Curtis J. Crawford        For       For        Management
2.3   Elect  Director Christina A. Gold         For       For        Management
2.4   Elect  Director Ralph F. Hake             For       For        Management
2.5   Elect  Director John J. Hamre             For       For        Management
2.6   Elect  Director Raymond W. LeBoeuf        For       For        Management
2.7   Elect  Director Frank T. MacInnis         For       For        Management
2.8   Elect  Director Linda S. Sanford          For       For        Management
2.9   Elect  Director Markos I. Tambakeras      For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gerard N. Burrow          For       For        Management
1.2   Elect  Director Mary S. Coleman           For       For        Management
1.3   Elect  Director James G. Cullen           For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director M. Judah Folkman          For       For        Management
1.6   Elect  Director Ann D. Jordan             For       For        Management
1.7   Elect  Director Arnold G. Langbo          For       For        Management
1.8   Elect  Director Susan L. Lindquist        For       For        Management
1.9   Elect  Director Leo F. Mullin             For       For        Management
1.10  Elect  Director Steven S Reinemund        For       For        Management
1.11  Elect  Director David Satcher             For       For        Management
1.12  Elect  Director Henry B. Schacht          For       For        Management
1.13  Elect  Director William C. Weldon         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Cease Charitable Contributions            Against   Against    Shareholder


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director Hans W. Becherer          For       For        Management
2.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
2.3   Elect  Director John H. Biggs             For       For        Management
2.4   Elect  Director Lawrence A. Bossidy       For       For        Management
2.5   Elect  Director Ellen V. Futter           For       For        Management
2.6   Elect  Director William H. Gray, III      For       For        Management
2.7   Elect  Director William B. Harrison, Jr   For       For        Management
2.8   Elect  Director Helene L. Kaplan          For       For        Management
2.9   Elect  Director Lee R. Raymond            For       For        Management
2.10  Elect  Director John R. Stafford          For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management
5     Adjourn Meeting                           For       For        Management
6     Establish Term Limits for Directors       Against   Against    Shareholder
7     Charitable Contributions                  Against   Against    Shareholder
8     Political Contributions                   Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   For        Shareholder
10    Provide Adequate Disclosure for over the  Against   Against    Shareholder
      counter Derivatives
11    Auditor Independence                      Against   Against    Shareholder
12    Submit Non-Employee Director Compensation Against   Against    Shareholder
      to Vote
13    Report on Pay Disparity                   Against   Against    Shareholder


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

JUNIPER NETWORKS, INC.

Ticker:       JNPR           Security ID:  48203R104
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition


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

JUNIPER NETWORKS, INC.

Ticker:       JNPR           Security ID:  48203R104
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pradeep Sindhu            For       For        Management
1.2   Elect  Director Robert M. Calderoni       For       For        Management
1.3   Elect  Director Kenneth Levy              For       For        Management
2     Ratify Auditors                           For       For        Management


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

KELLOGG CO.

Ticker:       K              Security ID:  487836108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Benjamin S. Carson, Sr.   For       For        Management
1.2   Elect  Director Gordon Gund               For       For        Management
1.3   Elect  Director Dorothy A. Johnson        For       For        Management
1.4   Elect  Director Ann Mclaughlin Korologos  For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)


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

LINEAR TECHNOLOGY CORP.

Ticker:       LLTC           Security ID:  535678106
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert H. Swanson, Jr.     For       For        Management
1.2   Elect Director David S. Lee               For       For        Management
1.3   Elect Director Leo T. McCarthy            For       For        Management
1.4   Elect Director Richard M. Moley           For       For        Management
1.5   Elect Director Thomas S. Volpe            For       For        Management
2     Ratify Auditors                           For       For        Management


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

LINEAR TECHNOLOGY CORPORATION

Ticker:                      Security ID:  535678
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO RATIFY THE APPOINTMENT OF ERNST &      For       For        Management
      YOUNG LLP AS INDEPENDENT AUDITORS OF THE
      COMPANY FOR THE FISCAL YEAR ENDING JUNE
      27, 2004.


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

MBNA CORP.

Ticker:       KRB            Security ID:  55262L100
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  FEB 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James H. Berick           For       For        Management
1.2   Elect  Director Benjamin R. Civiletti     For       For        Management
1.3   Elect  Director Bruce L. Hammonds         For       For        Management
1.4   Elect  Director William L. Jews           For       For        Management
1.5   Elect  Director Randolph D. Lerner        For       For        Management
1.6   Elect  Director Stuart L. Markowitz       For       For        Management
1.7   Elect  Director William B. Milstead       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder
4     Require Majority of Independent Directors Against   For        Shareholder
      on Board


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

MEDTRONIC, INC.

Ticker:       MDT            Security ID:  585055
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS MEDTRONIC S
      INDEPENDENT AUDITORS
03    TO APPROVE MEDTRONIC S 2003 LONG-TERM     For       For        Management
      INCENTIVE PLAN.
04    TO APPROVE MEDTRONIC S EXECUTIVE          For       For        Management
      INCENTIVE PLAN.


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

MEDTRONIC, INC.

Ticker:       MDT            Security ID:  585055106
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard H. Anderson        For       For        Management
1.2   Elect Director Michael R. Bonsignore      For       For        Management
1.3   Elect Director Gordon M. Sprenger         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


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

MERCK & CO., INC.

Ticker:       MRK            Security ID:  589331107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Peter C. Wendell          For       For        Management
1.2   Elect  Director William G. Bowen          For       For        Management
1.3   Elect  Director William M. Daley          For       For        Management
1.4   Elect  Director Thomas E. Shenk           For       For        Management
1.5   Elect  Director Wendell P. Weeks          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Prohibit Awards to Executives             Against   Against    Shareholder
5     Develop Ethical Criteria for Patent       Against   Against    Shareholder
      Extension
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political Contributions         Against   Against    Shareholder
8     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K. Newbigging       For       For        Management
1.2   Elect  Director Joseph W. Prueher         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Gates, III      For       For        Management
1.2   Elect Director Steven A. Ballmer          For       For        Management
1.3   Elect Director James I. Cash, Jr., Ph.D.  For       For        Management
1.4   Elect Director Raymond V. Gilmartin       For       For        Management
1.5   Elect Director Ann McLaughlin Korologos   For       For        Management
1.6   Elect Director David F. Marquardt         For       For        Management
1.7   Elect Director Charles H. Noski           For       For        Management
1.8   Elect Director Dr. Helmut Panke           For       For        Management
1.9   Elect Director Wm. G. Reed, Jr.           For       For        Management
1.10  Elect Director Jon A. Shirley             For       Withhold   Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Refrain from Giving Charitable            Against   Against    Shareholder
      Contributions


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  WILLIAM H. GATES III                      For       For        Management
01.2  STEVEN A. BALLMER                         For       For        Management
01.3  JAMES I. CASH JR.                         For       For        Management
01.4  RAYMOND V. GILMARTIN                      For       For        Management
01.5  A. MCLAUGHLIN KOROLOGOS                   For       For        Management
01.6  DAVID F. MARQUARDT                        For       For        Management
01.7  CHARLES H. NOSKI                          For       For        Management
01.8  HELMUT PANKE                              For       For        Management
01.9  WM. G. REED JR.                           For       For        Management
01.10 JON A. SHIRLEY                            For       Withheld   Management
02    ADOPTION OF THE AMENDMENTS TO THE 2001    For       For        Management
      STOCK PLAN
03    ADOPTION OF THE AMENDMENTS TO THE 1999    For       For        Management
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS
04    SHAREHOLDER PROPOSAL (THE BOARD           Against   Against    Shareholder
      RECOMMENDS A VOTE  AGAINST THIS PROPOSAL)


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

MOTOROLA, INC.

Ticker:       MOT            Security ID:  620076109
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward Zander             For       For        Management
1.2   Elect  Director H. Laurence Fuller        For       For        Management
1.3   Elect  Director Judy Lewent               For       For        Management
1.4   Elect  Director Walter Massey             For       For        Management
1.5   Elect  Director Nicholas Negroponte       For       For        Management
1.6   Elect  Director Indra Nooyi               For       For        Management
1.7   Elect  Director John Pepper, Jr.          For       For        Management
1.8   Elect  Director Samuel Scott III          For       For        Management
1.9   Elect  Director Douglas Warner III        For       For        Management
1.10  Elect  Director John White                For       For        Management
1.11  Elect  Director Mike Zafirovski           For       For        Management
2     Limit Executive Compensation              Against   Against    Shareholder
3     Limit Awards to Executives                Against   Against    Shareholder


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

NEWMONT MINING CORP. (HOLDING COMPANY)

Ticker:       NEM            Security ID:  651639106
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Glen A. Barton            For       For        Management
1.2   Elect  Director Vincent A. Calarco        For       For        Management
1.3   Elect  Director Michael S. Hamson         For       For        Management
1.4   Elect  Director Leo I. Higdon, Jr.        For       For        Management
1.5   Elect  Director Pierre Lassonde           For       For        Management
1.6   Elect  Director Robert J. Miller          For       For        Management
1.7   Elect  Director Wayne W. Murdy            For       For        Management
1.8   Elect  Director Robin A. Plumbridge       For       For        Management
1.9   Elect  Director John B. Prescott          For       For        Management
1.10  Elect  Director Michael K. Reilly         For       For        Management
1.11  Elect  Director Seymour Schulich          For       For        Management
1.12  Elect  Director James V. Taranik          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder 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


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

NOKIA CORP.

Ticker:       NOK            Security ID:  654902204
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE INCOME STATEMENTS AND THE For       For        Management
      BALANCE SHEETS.
2     APPROVAL OF A DIVIDEND OF EUR 0.30 PER    For       For        Management
      SHARE.
3     APPROVAL OF THE DISCHARGE OF THE          For       For        Management
      CHAIRMAN, THE MEMBERS OF THE BOARD OF
      DIRECTORS AND THE PRESIDENT FROM
      LIABILITY.
4.1   Elect  Director Paul J. Collins           For       For        Management
4.2   Elect  Director Georg Ehrnrooth           For       For        Management
4.3   Elect  Director Bengt Holmstrom           For       For        Management
4.4   Elect  Director Per Karlsson              For       For        Management
4.5   Elect  Director Jorma Ollila              For       For        Management
4.6   Elect  Director Marjorie Scardino         For       For        Management
4.7   Elect  Director Vesa Vainio               For       For        Management
4.8   Elect  Director Arne Wessberg             For       For        Management
5     Ratify Auditors                           For       For        Management
6     APPROVAL OF THE PROPOSAL OF THE BOARD TO  For       For        Management
      REDUCE THE SHARE CAPITAL THROUGH
      CANCELLATION OF NOKIA SHARES HELD BY THE
      COMPANY
7     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO INCREASE THE SHARE CAPITAL OF
      THE COMPANY.
8     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO REPURCHASE NOKIA SHARES.
9     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO DISPOSE NOKIA SHARES HELD BY THE
      COMPANY.
10    APPROVAL OF THE PROPOSAL OF THE BOARD TO  For       For        Management
      INCREASE THE CAPITAL OF THE FOUNDATION OF
      NOKIA CORPORATION.
11    MARK THE  FOR  BOX IF YOU WISH TO         None      For        Management
      INSTRUCT THE DEPOSITARY TO GIVE A PROXY
      TO ANY ONE OF MARIANNA UOTINEN-TARKOMA,
      ESA KAUNISTOLA, BOTH LEGAL COUNSELS OF
      NOKIA CORPORATION, TO AUTHORIZE ANY OF
      THEM (WITH FULL POWER OF SUBSTITUTION) TO
      VOTE, IN THEIR DISCR


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

ORACLE CORP.

Ticker:       ORCL           Security ID:  68389X105
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Lawrence J. Ellison        For       For        Management
1.2   Elect Director Donald L. Lucas            For       For        Management
1.3   Elect Director Michael J. Boskin          For       For        Management
1.4   Elect Director Jeffrey O. Henley          For       For        Management
1.5   Elect Director Jack F. Kemp               For       For        Management
1.6   Elect Director Jeffrey Berg               For       For        Management
1.7   Elect Director Safra Catz                 For       For        Management
1.8   Elect Director Hector Garcia-Molina       For       For        Management
1.9   Elect Director Joseph A. Grundfest        For       For        Management
1.10  Elect Director H. Raymond Bingham         For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Implement China Principles                Against   Against    Shareholder


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

ORACLE CORPORATION

Ticker:       ORCL           Security ID:  68389X
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL FOR THE APPROVAL OF THE ADOPTION For       For        Management
      OF THE FISCAL YEAR 2004 EXECUTIVE BONUS
      PLAN
03    PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      ERNST & YOUNG LLP AS INDEPENDENT AUDITORS
      OF THE COMPANY FOR THE FISCAL YEAR ENDING
      MAY 31, 2004
04    PROPOSAL FOR THE APPROVAL OF THE AMENDED  For       For        Management
      AND RESTATED 1993 DIRECTORS  STOCK PLAN
05    PROPOSAL TO ADOPT THE  CHINA BUSINESS     Against   Against    Shareholder
      PRINCIPLES FOR RIGHTS OF WORKERS IN CHINA


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

OUTBACK STEAKHOUSE, INC.

Ticker:       OSI            Security ID:  689899102
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John A. Brabson, Jr.      For       For        Management
1.2   Elect  Director Lee Roy Selmon            For       For        Management
2     Amend Omnibus Stock Plan                  For       Against    Management
3     Other Business                            For       For        Management


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326
Meeting Date: OCT 2, 2003    Meeting Type: Annual
Record Date:  AUG 4, 2003

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


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326107
Meeting Date: OCT 2, 2003    Meeting Type: Annual
Record Date:  AUG 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director B. Thomas Golisano         For       For        Management
1.2   Elect Director Betsy S. Atkins            For       For        Management
1.3   Elect Director G. Thomas Clark            For       For        Management
1.4   Elect Director David J. S. Flaschen       For       For        Management
1.5   Elect Director Phillip Horsley            For       For        Management
1.6   Elect Director Grant M. Inman             For       For        Management
1.7   Elect Director J. Robert Sebo             For       For        Management
1.8   Elect Director Joseph M. Tucci            For       For        Management


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

PEPSICO, INC.

Ticker:       PEP            Security ID:  713448108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John F. Akers             For       For        Management
1.2   Elect  Director Robert E. Allen           For       For        Management
1.3   Elect  Director Ray L. Hunt               For       For        Management
1.4   Elect  Director Arthur C. Martinez        For       For        Management
1.5   Elect  Director Indra K. Nooyi            For       For        Management
1.6   Elect  Director Franklin D. Raines        For       For        Management
1.7   Elect  Director Steven S. Reinemund       For       For        Management
1.8   Elect  Director Sharon Percy Rockefeller  For       For        Management
1.9   Elect  Director James J. Schiro           For       For        Management
1.10  Elect  Director Franklin A. Thomas        For       For        Management
1.11  Elect  Director Cynthia M. Trudell        For       For        Management
1.12  Elect  Director Solomon D. Trujillo       For       For        Management
1.13  Elect  Director Daniel Vasella            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       For        Management
1.2   Elect  Director M. Anthony Burns          For       For        Management
1.3   Elect  Director Robert N. Burt            For       For        Management
1.4   Elect  Director W. Don Cornwell           For       For        Management
1.5   Elect  Director William H. Gray III       For       For        Management
1.6   Elect  Director Constance J. Horner       For       For        Management
1.7   Elect  Director William R. Howell         For       For        Management
1.8   Elect  Director Stanley O. Ikenberry      For       For        Management
1.9   Elect  Director George A. Lorch           For       For        Management
1.10  Elect  Director Henry A. Mckinnell        For       For        Management
1.11  Elect  Director Dana G. Mead              For       For        Management
1.12  Elect  Director Franklin D. Raines        For       For        Management
1.13  Elect  Director Ruth J. Simmons           For       For        Management
1.14  Elect  Director William C. Steere, Jr.    For       For        Management
1.15  Elect  Director Jean-Paul Valles          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Against    Shareholder
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Against    Shareholder


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

PROCTER & GAMBLE COMPANY, THE

Ticker:       PG             Security ID:  742718109
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Norman R. Augustine        For       For        Management
1.2   Elect Director A.G. Lafley                For       For        Management
1.3   Elect Director Johnathan A. Rodgers       For       For        Management
1.4   Elect Director John F. Smith, Jr.         For       For        Management
1.5   Elect Director Margaret C. Whitman        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Declassify the Board of Directors         Against   For        Shareholder
5     Label Genetically Engineered Foods        Against   Against    Shareholder


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

SAP AG

Ticker:       SZXP10         Security ID:  803054204
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     RESOLUTION ON THE APPROPRIATION OF THE    For       For        Management
      RETAINED EARNINGS OF THE FISCAL YEAR 2003
2     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE EXECUTIVE BOARD IN THE FISCAL
      YEAR 2003
3     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE SUPERVISORY BOARD IN THE
      FISCAL YEAR 2003
4     Ratify Auditors                           For       For        Management
5     RESOLUTION ON ADJUSTMENTS TO SECTION 4 OF For       For        Management
      THE ARTICLES OF ASSOCIATION
6     RESOLUTION ON THE AUTHORIZATION TO        For       For        Management
      ACQUIRE AND USE TREASURY SHARES
7     RESOLUTION ON THE AUTHORIZATION TO USE    For       Against    Management
      EQUITY DERIVATIVES IN CONNECTION WITH THE
      ACQUISITION OF TREASURY SHARES


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

SIEBEL SYSTEMS, INC.

Ticker:       SEBL           Security ID:  826170102
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director C. Scott Hartz            For       For        Management
1.2   Elect  Director Charles R. Schwab         For       For        Management
1.3   Elect  Director George T. Shaheen         For       For        Management
1.4   Elect  Director John W. White             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Abstain   For        Shareholder


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

SLM CORP.

Ticker:       SLM            Security ID:  78442P106
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles L. Daley          For       For        Management
1.2   Elect  Director William M. Diefenderfer,  For       For        Management
      III
1.3   Elect  Director Thomas J. Fitzpatrick     For       For        Management
1.4   Elect  Director Edward A. Fox             For       For        Management
1.5   Elect  Director Diane Suitt Gilleland     For       For        Management
1.6   Elect  Director Earl A. Goode             For       For        Management
1.7   Elect  Director Ann Torre Grant           For       For        Management
1.8   Elect  Director Ronald F. Hunt            For       For        Management
1.9   Elect  Director Benjamin J. Lambert, III  For       For        Management
1.10  Elect  Director Albert L. Lord            For       For        Management
1.11  Elect  Director Barry A. Munitz           For       For        Management
1.12  Elect  Director A. Alexander Porter, Jr.  For       For        Management
1.13  Elect  Director Wolfgang Schoellkopf      For       For        Management
1.14  Elect  Director Steven L. Shapiro         For       For        Management
1.15  Elect  Director Barry L. Williams         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

SOUTHWEST AIRLINES CO.

Ticker:       LUV            Security ID:  844741108
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Herbert D. Kelleher       For       For        Management
1.2   Elect  Director Rollin W. King            For       For        Management
1.3   Elect  Director June M. Morris            For       For        Management
1.4   Elect  Director C. Webb Crockett          For       For        Management
1.5   Elect  Director William P. Hobby          For       For        Management
1.6   Elect  Director Travis C. Johnson         For       For        Management
2     Ratify Auditors                           For       For        Management


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

ST. JUDE MEDICAL, INC.

Ticker:       STJ            Security ID:  790849103
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael A. Rocca          For       For        Management
1.2   Elect  Director David A. Thompson         For       For        Management
1.3   Elect  Director Stefan K. Widensohler     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Increase Authorized Common Stock          For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

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


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO RECEIVE AND DISCUSS THE COMPANY S      For       For        Management
      CONSOLIDATED BALANCE SHEET AS OF DECEMBER
      31, 2003 AND THE CONSOLIDATED STATEMENTS.
2     TO APPROVE THE BOARD OF DIRECTORS         For       Against    Management
      RECOMMENDATION THAT THE CASH DIVIDEND FOR
      THE YEAR ENDED DECEMBER 31, 2003, WHICH
      WAS PAID IN FOUR INSTALLMENTS AND
      AGGREGATED NIS 1.44 (APPROXIMATELY
      US$0.322) PER ORDINARY SHARE, BE DECLARED
      FINAL.
3     TO ELECT ABRAHAM E. COHEN TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
4     TO ELECT LESLIE DAN TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
5     TO ELECT PROF. MEIR HETH TO SERVE FOR A   For       For        Management
      THREE-YEAR TERM.
6     TO ELECT PROF. MOSHE MANY TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
7     TO ELECT DOV SHAFIR TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
8     TO APPROVE THE PURCHASE OF DIRECTOR S AND For       Against    Management
      OFFICER S LIABILITY INSURANCE FOR THE
      DIRECTORS AND OFFICERS OF THE COMPANY.
9     Ratify Auditors                           For       For        Management


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect G. Shalev as an External Director   For       For        Management
2     Approve Increase in Remuneration of       For       For        Management
      Directors other than the Chairman


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

TEVA PHARMACEUTICAL INDUSTRIES LIMIT

Ticker:       TEVA           Security ID:  881624
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPOINT PROF. GABRIELA SHALEV AS A     For       For        Management
      STATUTORY INDEPENDENT DIRECTOR FOR A
      THREE-YEAR TERM, REPLACING MR. ORI SLONIM
      WHOSE TERM ENDS ON OCTOBER 17, 2003.
02    TO APPROVE AN INCREASE IN THE             For       For        Management
      REMUNERATION OF THE DIRECTORS OF THE
      COMPANY (OTHER THAN THE CHAIRMAN). SUCH
      ANNUAL REMUNERATION IS TO BE SET AT NIS
      100,000 WITH AN ADDITIONAL NIS 3,000 PER
      MEETING. DIRECTORS WHO ARE ALSO COMMITTEE
      CHAIRPERSONS SHALL RECEIV


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

THE ESTEE LAUDER COMPANIES INC.

Ticker:       EL             Security ID:  518439
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF THE EXECUTIVE ANNUAL          For       For        Management
      INCENTIVE PLAN.
03    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       For        Management
      AS INDEPENDENT AUDITORS FOR THE 2004
      FISCAL YEAR.


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

THE PROCTER & GAMBLE COMPANY

Ticker:       PG             Security ID:  742718
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    RATIFY APPOINTMENT OF INDEPENDENT         For       For        Management
      AUDITORS
03    APPROVE THE PROCTER & GAMBLE 2003         For       For        Management
      NON-EMPLOYEE DIRECTORS  STOCK PLAN
04    SHAREHOLDER PROPOSAL NO. 1 BOARD OF       Against   For        Shareholder
      DIRECTORS  TERMS
05    SHAREHOLDER PROPOSAL NO. 2 LABEL          Against   Against    Shareholder
      GENETICALLY ENGINEERED FOODS


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

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


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

TJX COMPANIES, INC., THE

Ticker:       TJX            Security ID:  872540109
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gary L. Crittenden        For       For        Management
1.2   Elect  Director Edmond J. English         For       For        Management
1.3   Elect  Director Richard G. Lesser         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Implement ILO Based Code of Conduct       Against   Against    Shareholder
4     Report on Vendor Standards                Against   Against    Shareholder
5     Declassify the Board of Directors         Against   For        Shareholder


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

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  89151E109
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF CERTAIN REPORTS AND OF THE    For       For        Management
      PARENT COMPANY S FINANCIAL STATEMENTS
2     APPROVAL OF CONSOLIDATED FINANCIAL        For       For        Management
      STATEMENTS
3     ALLOCATION OF INCOME, APPROVAL OF THE     For       For        Management
      DIVIDEND
4     AGREEMENTS MENTIONED IN ARTICLE L. 225-38 For       For        Management
      OF THE FRENCH COMMERCIAL CODE
5     AUTHORIZATION TO TRADE THE COMPANY S OWN  For       For        Management
      SHARES
6     AUTHORIZATION FOR THE BOARD OF DIRECTORS  For       For        Management
      TO ISSUE DEBT SECURITIES AND/OR PERPETUAL
      SUBORDINATED NOTES FOR A MAXIMUM NOMINAL
      AMOUNT OF 10 BILLION EUROS
7.1   Elect  Director Mr. Thierry Desmarest     For       For        Management
7.2   Elect  Director Mr. Thierry De Rudder     For       For        Management
7.3   Elect  Director Mr. Serge Tchuruk         For       For        Management
8     APPOINTMENT OF DANIEL BOEUF AS A DIRECTOR For       For        Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
9     APPOINTMENT OF PHILIPPE MARCHANDISE AS A  Against   Against    Management
      DIRECTOR REPRESENTING EMPLOYEE
      SHAREHOLDERS IN APPLICATION OF ARTICLE 11
      OF THE ARTICLES OF INCORPORATION
10    APPOINTMENT OF CYRIL MOUCHE AS A DIRECTOR Against   Against    Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
11    APPOINTMENT OF ALAN CRAMER AS A DIRECTOR  Against   Against    Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
12    Ratify Auditors                           For       For        Management
13    RENEWAL OF STATUTORY AUDITORS             For       For        Management
14    Ratify Auditors                           For       For        Management
15    Ratify Auditors                           For       For        Management
16    DETERMINATION OF THE TOTAL AMOUNT OF      For       For        Management
      DIRECTORS  COMPENSATION
17    AUTHORIZATION TO AWARD OPTIONS TO         For       For        Management
      SUBSCRIBE FOR OR PURCHASE STOCK OF THE
      COMPANY IN FAVOUR OF THE MANAGEMENT AND
      KEY EMPLOYEES OF THE GROUP
18    AUTHORIZATION FOR ISSUING CONVERTIBLE OR  For       For        Management
      OTHER EQUITY SECURITIES
19    AUTHORIZATION TO USE THE ABOVE DELEGATION For       For        Management
      WITHOUT MAINTENANCE OF PREFERENTIAL
      SUBSCRIPTION RIGHTS, BUT WITH AN OPTION
      TO GRANT A PRIORITY PERIOD
20    CAPITAL INCREASE RESERVED FOR EMPLOYEES   For       For        Management


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

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Mackey J. Mcdonald        For       For        Management
1.8   Elect  Director H. Carl Mccall            For       For        Management
1.9   Elect  Director Brendan R. O'Neill        For       For        Management
1.10  Elect  Director Sandra S. Wijnberg        For       For        Management
1.11  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management
3     ADOPTION OF THE AMENDED AND RESTATED      For       For        Management
      BYE-LAWS.
4     APPROVAL OF TYCO 2004 STOCK AND INCENTIVE For       For        Management
      PLAN.
5     SHAREHOLDER PROPOSAL REGARDING            For       For        Shareholder
      ENVIRONMENTAL REPORTING.
6     SHAREHOLDER PROPOSAL TO CHANGE TYCO S     Against   Against    Shareholder
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO A U.S. STATE.
7     SHAREHOLDER PROPOSAL ON  COMMON SENSE     Against   Against    Shareholder
      EXECUTIVE COMPENSATION.


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

UNITED PARCEL SERVICE, INC.

Ticker:       UPS            Security ID:  911312106
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Calvin Darden             For       For        Management
1.2   Elect  Director Michael L. Eskew          For       For        Management
1.3   Elect  Director James P. Kelly            For       For        Management
1.4   Elect  Director Ann M. Livermore          For       For        Management
1.5   Elect  Director Gary E. MacDougal         For       For        Management
1.6   Elect  Director Victor A. Pelson          For       For        Management
1.7   Elect  Director Lea N. Soupata            For       For        Management
1.8   Elect  Director Robert M. Teeter          For       For        Management
1.9   Elect  Director John W. Thompson          For       For        Management
1.10  Elect  Director Carol B. Tome             For       For        Management
2     Ratify Auditors                           For       For        Management


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

UNITED TECHNOLOGIES CORP.

Ticker:       UTX            Security ID:  913017109
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Betsy J. Bernard          For       For        Management
1.2   Elect  Director George David              For       For        Management
1.3   Elect  Director Jean-Pierre Garnier       For       For        Management
1.4   Elect  Director Jamie S. Gorelick         For       For        Management
1.5   Elect  Director Charles R. Lee            For       For        Management
1.6   Elect  Director Richard D. McCormick      For       For        Management
1.7   Elect  Director Harold McGraw III         For       For        Management
1.8   Elect  Director Frank P. Popoff           For       For        Management
1.9   Elect  Director H. Patrick Swygert        For       For        Management
1.10  Elect  Director Andre Villeneuve          For       For        Management
1.11  Elect  Director H. A. Wagner              For       For        Management
1.12  Elect  Director Christine Todd Whitman    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Disclosure of Executive Compensation      Against   Against    Shareholder
4     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts
5     Performance-Based/Indexed Options         Against   Against    Shareholder
6     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

WAL-MART STORES, INC.

Ticker:       WMT            Security ID:  931142103
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James W. Breyer           For       For        Management
1.2   Elect  Director M. Michele Burns          For       For        Management
1.3   Elect  Director Thomas M. Coughlin        For       For        Management
1.4   Elect  Director David D. Glass            For       For        Management
1.5   Elect  Director Roland A. Hernandez       For       For        Management
1.6   Elect  Director Dawn G. Lepore            For       For        Management
1.7   Elect  Director John D. Opie              For       For        Management
1.8   Elect  Director J. Paul Reason            For       For        Management
1.9   Elect  Director H. Lee Scott, Jr.         For       For        Management
1.10  Elect  Director Jack C. Shewmaker         For       For        Management
1.11  Elect  Director Jose H. Villarreal        For       For        Management
1.12  Elect  Director John T. Walton            For       For        Management
1.13  Elect  Director S. Robson Walton          For       For        Management
1.14  Elect  Director Christopher J. Williams   For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Approve Stock Option Plan                 For       For        Management
4     Amend Employee Stock Purchase Plan        For       For        Management
5     Ratify Auditors                           For       For        Management
6     Separate Chairman and CEO Positions       Against   Against    Shareholder
7     Prepare Sustainability Report             Against   Against    Shareholder
8     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
9     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)
10    Prepare Diversity Report                  Against   Against    Shareholder
11    Submit Executive Compensation to Vote     Against   Against    Shareholder


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

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.A. Blanchard III        For       For        Management
1.2   Elect  Director Susan E. Engel            For       For        Management
1.3   Elect  Director Enrique Hernandez, Jr.    For       For        Management
1.4   Elect  Director Robert L. Joss            For       For        Management
1.5   Elect  Director Reatha Clark King         For       For        Management
1.6   Elect  Director Richard M. Kovacevich     For       For        Management
1.7   Elect  Director Richard D. McCormick      For       For        Management
1.8   Elect  Director Cynthia H. Milligan       For       For        Management
1.9   Elect  Director Philip J. Quigley         For       For        Management
1.10  Elect  Director Donald B. Rice            For       Withhold   Management
1.11  Elect  Director Judith M. Runstad         For       Withhold   Management
1.12  Elect  Director Stephen W. Sanger         For       For        Management
1.13  Elect  Director Susan G. Swenson          For       For        Management
1.14  Elect  Director Michael W. Wright         For       Withhold   Management
2     Approve Retirement Plan                   For       Against    Management
3     Ratify Auditors                           For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

WYETH

Ticker:       WYE            Security ID:  983024100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Clifford L. Alexander,    For       For        Management
      Jr.
1.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
1.3   Elect  Director Richard L. Carrion        For       For        Management
1.4   Elect  Director Robert Essner             For       For        Management
1.5   Elect  Director John D. Feerick           For       For        Management
1.6   Elect  Director Robert Langer             For       For        Management
1.7   Elect  Director John P. Mascotte          For       For        Management
1.8   Elect  Director Mary Lake Polan           For       For        Management
1.9   Elect  Director Ivan G. Seidenberg        For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director John R. Torell III        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Drug Pricing                    Against   Against    Shareholder
4     Amend Animal Testing Policy               Against   Against    Shareholder




========= SMITH BARNEY INVESTMENT SERIES - SMITH BARNEY LARGE CAP CORE =========
=========                          PORTFOLIO                           =========


3M CO

Ticker:       MMM            Security ID:  88579Y101
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward A. Brennan         For       For        Management
1.2   Elect  Director Michael L. Eskew          For       For        Management
1.3   Elect  Director W. James McNerney, Jr.    For       For        Management
1.4   Elect  Director Kevin W. Sharer           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Increase Authorized Common Stock          For       For        Management
4     Separate Chairman and CEO Positions       Against   For        Shareholder


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

AGCO CORP.

Ticker:       AG             Security ID:  001084102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director W. Wayne Booker           For       For        Management
1.2   Elect  Director Gerald B. Johanneson      For       For        Management
1.3   Elect  Director Curtis E. Moll            For       For        Management
1.4   Elect  Director Robert J. Ratliff         For       For        Management
2     Prepare Sustainability Report             Against   Against    Shareholder


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

AGILENT TECHNOLOGIES INC.

Ticker:       A              Security ID:  00846U101
Meeting Date: MAR 2, 2004    Meeting Type: Annual
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James G. Cullen            For       For        Management
1.2   Elect Director Robert L. Joss             For       For        Management
1.3   Elect Director Walter B. Hewlett          For       For        Management
2     Ratify Auditors                           For       For        Management


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

ALCOA INC.

Ticker:       AA             Security ID:  013817101
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J.P. Belda          For       For        Management
1.2   Elect  Director Carlos Ghosn              For       For        Management
1.3   Elect  Director Henry B. Schacht          For       For        Management
1.4   Elect  Director Franklin A. Thomas        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Report on Pay Disparity                   Against   Against    Shareholder
4     Submit Severance Agreement                Against   Against    Shareholder
      (Change-in-Control) to Shareholder Vote


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

AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Phillip B. Lassiter       For       For        Management
1.2   Elect  Director Michael A. Callen         For       For        Management
1.3   Elect  Director Renso L. Caporali         For       For        Management
1.4   Elect  Director Jill M. Considine         For       For        Management
1.5   Elect  Director Richard Dulude            For       For        Management
1.6   Elect  Director Robert J. Genader         For       For        Management
1.7   Elect  Director W. Grant Gregory          For       For        Management
1.8   Elect  Director Laura S. Unger            For       For        Management
1.9   Elect  Director Henry D. G. Wallace       For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


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

AMERICAN EXPRESS CO.

Ticker:       AXP            Security ID:  025816109
Meeting Date: APR 26, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Daniel F. Akerson         For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director William G. Bowen          For       For        Management
1.4   Elect  Director Ursula M. Burns           For       For        Management
1.5   Elect  Director Kenneth I. Chenault       For       For        Management
1.6   Elect  Director Peter R. Dolan            For       For        Management
1.7   Elect  Director Vernon E. Jordan, Jr.     For       For        Management
1.8   Elect  Director Jan Leschly               For       For        Management
1.9   Elect  Director Richard A. McGinn         For       For        Management
1.10  Elect  Director Edward D. Miller          For       For        Management
1.11  Elect  Director Frank P. Popoff           For       For        Management
1.12  Elect  Director Robert D. Walter          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

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


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

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


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: JUN 28, 2004   Meeting Type: Special
Record Date:  MAY 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition
2     Change Company Name                       For       For        Management


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

ANTHEM INC.

Ticker:       ATH            Security ID:  03674B104
Meeting Date: MAY 17, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Victor S. Liss            For       For        Management
1.2   Elect  Director James W. McDowell, Jr.    For       For        Management
1.3   Elect  Director George A. Schaefer, Jr.   For       For        Management
1.4   Elect  Director Jackie M. Ward            For       For        Management


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

BANK OF NEW YORK CO., INC., THE

Ticker:       BK             Security ID:  064057102
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank J. Biondi, Jr.      For       For        Management
1.2   Elect  Director Nicholas M. Donofrio      For       For        Management
1.3   Elect  Director Alan R. Griffith          For       For        Management
1.4   Elect  Director Gerald L. Hassell         For       For        Management
1.5   Elect  Director Richard J. Kogan          For       For        Management
1.6   Elect  Director Michael J. Kowalski       For       For        Management
1.7   Elect  Director John A. Luke, Jr.         For       For        Management
1.8   Elect  Director John C. Malone            For       For        Management
1.9   Elect  Director Paul Myners, CBE          For       For        Management
1.10  Elect  Director Robert C. Pozen           For       For        Management
1.11  Elect  Director Catherine A. Rein         For       For        Management
1.12  Elect  Director Thomas A. Renyi           For       For        Management
1.13  Elect  Director William C. Richardson     For       For        Management
1.14  Elect  Director Brian L. Roberts          For       For        Management
1.15  Elect  Director Samuel C. Scott III       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Executive Incentive Bonus Plan      For       For        Management
4     Report on Political Contributions         Against   Against    Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Limit Composition of Committee to         Against   Against    Shareholder
      Independent Directors
7     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

BEA SYSTEMS, INC.

Ticker:       BEAS           Security ID:  073325
Meeting Date: JUL 11, 2003   Meeting Type: Annual
Record Date:  MAY 27, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL TO RATIFY AND APPROVE THE        For       For        Management
      ADOPTION OF THE BEA SYSTEMS, INC. 2004
      SENIOR EXECUTIVE BONUS PLAN.
03    PROPOSAL TO RATIFY AND APPROVE THE        For       For        Management
      APPOINTMENT OF ERNST & YOUNG LLP AS THE
      INDEPENDENT AUDITORS FOR THE COMPANY FOR
      THE FISCAL YEAR ENDING JANUARY 31, 2004


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

BEA SYSTEMS, INC.

Ticker:       BEAS           Security ID:  073325102
Meeting Date: JUN 11, 2004   Meeting Type: Annual
Record Date:  APR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dean O. Morton            For       For        Management
1.2   Elect  Director George Reyes              For       For        Management
2     Ratify Auditors                           For       Against    Management


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

BIOGEN IDEC INC

Ticker:       BIIB           Security ID:  09062X103
Meeting Date: JUN 16, 2004   Meeting Type: Annual
Record Date:  APR 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alan Belzer               For       For        Management
1.2   Elect  Director Mary L. Good              For       For        Management
1.3   Elect  Director James C. Mullen           For       For        Management
1.4   Elect  Director Bruce R. Ross             For       For        Management
2     Ratify Auditors                           For       For        Management


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

BIOGEN, INC.

Ticker:                      Security ID:  090597
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 26, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPROVE THE AGREEMENT AND PLAN OF      For       For        Management
      MERGER, DATED AS OF JUNE 20, 2003, BY AND
      AMONG IDEC PHARMACEUTICALS CORPORATION,
      BRIDGES MERGER CORPORATION AND BIOGEN.
02    TO APPROVE ANY PROPOSAL TO ADJOURN THE    For       Against    Management
      MEETING TO A LATER DATE, IF NECESSARY, TO
      SOLICIT ADDITIONAL PROXIES IF THERE ARE
      NOT SUFFICIENT VOTES IN FAVOR OF APPROVAL
      OF THE AGREEMENT AND PLAN OF MERGER.


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

BIOGEN, INC.

Ticker:                      Security ID:  090597105
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

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


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

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


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

CANADIAN NATIONAL RAILWAY CO.

Ticker:       CNR.           Security ID:  136375102
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael R. Armellino      For       For        Management
1.2   Elect  Director A. Charles Baillie        For       For        Management
1.3   Elect  Director Hugh J. Bolton            For       For        Management
1.4   Elect  Director Purdy Crawford            For       For        Management
1.5   Elect  Director J.V. Raymond Cyr          For       For        Management
1.6   Elect  Director Gordon D. Giffin          For       For        Management
1.7   Elect  Director James K. Gray             For       For        Management
1.8   Elect  Director E. Hunter Harrison        For       For        Management
1.9   Elect  Director Edith E. Holiday          For       For        Management
1.10  Elect  Director V.M. Kempston Darkes      For       For        Management
1.11  Elect  Director Gilbert H. Lamphere       For       For        Management
1.12  Elect  Director Denis Losier              For       For        Management
1.13  Elect  Director Edward C. Lumley          For       For        Management
1.14  Elect  Director David G.A. Mclean         For       For        Management
1.15  Elect  Director Robert Pace               For       For        Management
2     Ratify Auditors                           For       For        Management


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDMENT AND RESTATEMENT   For       For        Management
      OF THE EMPLOYEE STOCK PURCHASE PLAN,
      INCLUDING AN INCREASE OF 100,000,000
      SHARES AUTHORIZED FOR ISSUANCE UNDER THE
      PLAN AND A 5-YEAR EXTENSION OF THE PLAN,
      AS MORE FULLY SET FORTH IN THE
      ACCOMPANYING PROXY STATEMENT
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS CISCO S
      INDEPENDENT AUDITORS FOR THE FISCAL YEAR
      ENDING JULY 31, 2004.
04    PROPOSAL SUBMITTED BY A SHAREHOLDER THAT  Against   Against    Shareholder
      THE BOARD PREPARE A REPORT EACH FISCAL
      YEAR ON CISCO HARDWARE AND SOFTWARE
      PROVIDED TO GOVERNMENT AGENCIES AND
      STATE-OWNED COMMUNICATIONS OR INFORMATION
      TECHNOLOGY ENTITIES IN ANY COUNTRY, AS
      MORE FULLY SET FORTH I
05    PROPOSAL SUBMITTED BY SHAREHOLDERS THAT   Against   Against    Shareholder
      THE BOARD S COMPENSATION COMMITTEE
      PREPARE AND MAKE AVAILABLE BY JANUARY 1,
      2004, A REPORT COMPARING TOTAL
      COMPENSATION OF THE COMPANY S TOP
      EXECUTIVES AND ITS LOWEST PAID WORKERS IN
      THE U.S. AND ABROAD AS OF SPECIF


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carol A. Bartz             For       For        Management
1.2   Elect Director Larry R. Carter            For       For        Management
1.3   Elect Director John T. Chambers           For       For        Management
1.4   Elect Director Dr. James F. Gibbons       For       For        Management
1.5   Elect Director Dr. John L. Hennessy       For       For        Management
1.6   Elect Director Roderick C. McGeary        For       For        Management
1.7   Elect Director James C. Morgan            For       For        Management
1.8   Elect Director John P. Morgridge          For       For        Management
1.9   Elect Director Donald T. Valentine        For       For        Management
1.10  Elect Director Steven M. West             For       For        Management
1.11  Elect Director Jerry Yang                 For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       For        Management
4     Report on Company Products Used by the    Against   Against    Shareholder
      Government to Monitor the Internet
5     Report on Pay Disparity                   Against   Against    Shareholder


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

COCA-COLA COMPANY, THE

Ticker:       KO             Security ID:  191216100
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Herbert A. Allen          For       For        Management
1.2   Elect  Director Ronald W. Allen           For       For        Management
1.3   Elect  Director Cathleen P. Black         For       For        Management
1.4   Elect  Director Warren E. Buffett         For       For        Management
1.5   Elect  Director Douglas N. Daft           For       For        Management
1.6   Elect  Director Barry Diller              For       For        Management
1.7   Elect  Director Donald R. Keough          For       For        Management
1.8   Elect  Director Susan Bennett King        For       For        Management
1.9   Elect  Director Maria Elena Lagomasino    For       For        Management
1.10  Elect  Director Donald F. Mchenry         For       For        Management
1.11  Elect  Director Robert L. Nardelli        For       For        Management
1.12  Elect  Director Sam Nunn                  For       For        Management
1.13  Elect  Director J. Pedro Reinhard         For       For        Management
1.14  Elect  Director James D. Robinson III     For       For        Management
1.15  Elect  Director Peter V. Ueberroth        For       For        Management
1.16  Elect  Director James B. Williams         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Operational Impact of HIV/AIDS  For       For        Shareholder
      Pandemic
4     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Submit Executive Compensation to Vote     Against   Against    Shareholder
7     Submit Executive Compensation to Vote     Against   Against    Shareholder
8     Implement China Principles                Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

COMCAST CORP.

Ticker:       CMCSA          Security ID:  20030N101
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director S. Decker Anstrom         For       For        Management
1.2   Elect  Director C. Michael Armstrong      For       For        Management
1.3   Elect  Director Kenneth J. Bacon          For       For        Management
1.4   Elect  Director Sheldon M. Bonovitz       For       For        Management
1.5   Elect  Director Julian A. Brodsky         For       For        Management
1.6   Elect  Director Joseph L. Castle, II      For       For        Management
1.7   Elect  Director J. Michael Cook           For       For        Management
1.8   Elect  Director Brian L. Roberts          For       For        Management
1.9   Elect  Director Ralph J. Roberts          For       For        Management
1.10  Elect  Director Dr. Judith Rodin          For       For        Management
1.11  Elect  Director Michael I. Sovern         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Restricted Stock Plan               For       For        Management
4     Amend Articles/Bylaws/Charter-Non-Routine For       For        Management
5     Require Two-Thirds Majority of            Against   For        Shareholder
      Independent Directors on Board
6     Political Contributions/Activities        Against   Against    Shareholder
7     Nominate Two Directors for every open     Against   Against    Shareholder
      Directorships
8     Limit Executive Compensation              Against   Against    Shareholder
9     Adopt a Recapitalization Plan             Against   For        Shareholder


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

COMERICA INC.

Ticker:       CMA            Security ID:  200340107
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ralph W. Babb, Jr.        For       For        Management
1.2   Elect  Director James F. Cordes           For       For        Management
1.3   Elect  Director Peter D. Cummings         For       For        Management
1.4   Elect  Director Todd W. Herrick           For       For        Management
1.5   Elect  Director William P. Vititoe        For       For        Management
1.6   Elect  Director Kenneth L. Way            For       For        Management
2     Approve Employee Stock Purchase Plan      For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Ratify Auditors                           For       For        Management


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

DANAHER CORP.

Ticker:       DHR            Security ID:  235851102
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director  Steven M. Rales          For       For        Management
1.2   Elect  Director  John T. Schwieters       For       For        Management
1.3   Elect  Director  Alan G. Spoon            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Amend Stock Option Plan                   For       For        Management
4     Develop Charter Language on Board         Against   Against    Shareholder
      Diversity


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

DELL COMPUTER CORPORATION

Ticker:       DELL           Security ID:  247025
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    ELIMINATION OF CLASSIFIED BOARD           For       For        Management
03    CHANGE OF COMPANY NAME TO  DELL INC.      For       For        Management
04    APPROVAL OF EXECUTIVE ANNUAL INCENTIVE    For       For        Management
      BONUS PLAN


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

E.I. DU PONT DE NEMOURS & CO.

Ticker:       DD             Security ID:  263534109
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Alain J. P. Belda         For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director Curtis J. Crawford        For       For        Management
1.4   Elect  Director John T. Dillon            For       For        Management
1.5   Elect  Director Louisa C. Duemling        For       For        Management
1.6   Elect  Director Charles O. Holliday, Jr.  For       For        Management
1.7   Elect  Director Deborah C. Hopkins        For       For        Management
1.8   Elect  Director Lois D. Juliber           For       For        Management
1.9   Elect  Director Masahisa Naitoh           For       For        Management
1.10  Elect  Director William K. Reilly         For       For        Management
1.11  Elect  Director H. Rodney Sharp, III      For       For        Management
1.12  Elect  Director Charles M. Vest           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Executive Ties to Government    Against   Against    Shareholder
4     Adopt and Report on a Code of Corporate   Against   Against    Shareholder
      Conduct
5     Limit Executive Compensation              Against   Against    Shareholder


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

ELECTRONIC ARTS INC.

Ticker:       ERTS           Security ID:  285512
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENT TO THE 2000 EQUITY INCENTIVE    For       For        Management
      PLAN
03    AMENDMENT TO THE 2000 EMPLOYEE STOCK      For       For        Management
      PURCHASE PLAN
04    RATIFICATION OF APPOINTMENT OF            For       For        Management
      INDEPENDENT AUDITORS


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

ELECTRONIC ARTS, INC.

Ticker:       ERTS           Security ID:  285512109
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director M. Richard Asher           For       For        Management
1.2   Elect Director William J. Byron           For       For        Management
1.3   Elect Director Leonard S. Coleman         For       For        Management
1.4   Elect Director Gary M. Kusin              For       For        Management
1.5   Elect Director Gregory B. Maffei          For       For        Management
1.6   Elect Director Timothy Mott               For       For        Management
1.7   Elect Director Lawrence F. Probst III     For       For        Management
1.8   Elect Director Linda J. Srere             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management


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

EMC CORP.

Ticker:       EMC            Security ID:  268648102
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John R. Egan              For       For        Management
1.2   Elect  Director Michael C. Ruettgers      For       For        Management
1.3   Elect  Director David N. Strohm           For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

ESTEE LAUDER COMPANIES INC., THE

Ticker:       EL             Security ID:  518439104
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Irvine O. Hockaday, Jr.    For       For        Management
1.2   Elect Director Fred H. Langhammer         For       For        Management
1.3   Elect Director Rose Marie Bravo           For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

EXELON CORP.

Ticker:       EXC            Security ID:  30161N101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas DeBenedictis     For       For        Management
1.2   Elect  Director G. Fred Dibona, Jr.       For       For        Management
1.3   Elect  Director Sue L. Gin                For       For        Management
1.4   Elect  Director Edgar D. Jannotta         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management


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

EXXON MOBIL CORP.

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael J. Boskin         For       For        Management
1.2   Elect  Director James R. Houghton         For       For        Management
1.3   Elect  Director William R. Howell         For       For        Management
1.4   Elect  Director Reatha Clark King         For       For        Management
1.5   Elect  Director Philip E. Lippincott      For       For        Management
1.6   Elect  Director Harry J. Longwell         For       For        Management
1.7   Elect  Director Henry A. McKinnell, Jr.   For       For        Management
1.8   Elect  Director Marilyn Carlson Nelson    For       For        Management
1.9   Elect  Director Lee R. Raymond            For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director Rex W. Tillerson          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Restricted  For       For        Management
      Stock Plan
4     Affirm Political Nonpartisanship          Against   Against    Shareholder
5     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
6     Report on Equatorial Guinea               Against   Against    Shareholder
7     Separate Chairman and CEO Positions       Against   Against    Shareholder
8     Prohibit Awards to Executives             Against   Against    Shareholder
9     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
10    Amend EEO Statement to Include Reference  Against   For        Shareholder
      to Sexual Orientation
11    Report on Climate Change Research         Against   Against    Shareholder


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

FIFTH THIRD BANCORP

Ticker:       FITB           Security ID:  316773100
Meeting Date: MAR 23, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Darryl F. Allen           For       For        Management
1.2   Elect  Director Allen M. Hill             For       For        Management
1.3   Elect  Director Dr Mitchel D Livingston   For       For        Management
1.4   Elect  Director Hendrik G. Meijer         For       For        Management
1.5   Elect  Director James E. Rogers           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management
4     Adopt Sexual Orientation                  None      For        Shareholder
      Non-Discrimination Policy


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

FLEXTRONICS INTERNATIONAL LTD.

Ticker:       FLEX           Security ID:  Y2573F
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:  AUG 7, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    RE-ELECTION OF RICHARD L. SHARP AS A      For       For        Management
      DIRECTOR OF THE COMPANY.
2A    RE-ELECTION OF JAMES A. DAVIDSON AS A     For       For        Management
      DIRECTOR OF THE COMPANY.
2B    RE-ELECTION OF LIP-BU TAN AS A DIRECTOR   For       For        Management
      OF THE COMPANY.
03    RE-APPOINTMENT OF PATRICK FOLEY AS A      For       For        Management
      DIRECTOR OF THE COMPANY.
04    TO APPOINT DELOITTE & TOUCHE LLP AS       For       For        Management
      INDEPENDENT AUDITORS OF THE COMPANY FOR
      THE FISCAL YEAR ENDING MARCH 31, 2004
05    TO APPROVE AN AMENDMENT TO THE COMPANY S  For       For        Management
      1997 EMPLOYEE SHARE PURCHASE PLAN.
06    TO APPROVE THE AUTHORIZATION FOR THE      For       For        Management
      DIRECTORS OF THE COMPANY TO ALLOT AND
      ISSUE ORDINARY SHARES.
07    TO APPROVE THE AUTHORIZATION FOR THE      For       For        Management
      COMPANY TO PROVIDE CASH COMPENSATION TO
      ITS DIRECTORS.
08    TO APPROVE THE AUTHORIZATION OF THE       For       For        Management
      PROPOSED RENEWAL OF THE SHARE MANDATE
      RELATING TO ACQUISITIONS BY THE COMPANY
      OF ITS OWN ISSUED ORDINARY SHARES.


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

FLEXTRONICS INTERNATIONAL LTD.

Ticker:       FLEX           Security ID:  Y2573F102
Meeting Date: SEP 30, 2003   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Reelect Richard Sharp as Director         For       For        Management
2a    Reelect James Davidson as Director        For       For        Management
2b    Reelect Lip-Bu Tan as Director            For       For        Management
3     Reelect Patrick Foley as Director         For       For        Management
4     Reappoint Deloitte & Touche as Auditors   For       For        Management
      and Authorize Board to Fix Their
      Remuneration
5     Amend 1997 Employee Share Purchase Plan   For       For        Management
6     Approve Issuance of Shares without        For       For        Management
      Preemptive Rights
7     Approve Nonexecutive Directors' Fees      For       For        Management
8     Authorize Share Repurchase Program        For       For        Management


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

GENERAL DYNAMICS CORP.

Ticker:       GD             Security ID:  369550108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Nicholas D. Chabraja      For       For        Management
1.2   Elect  Director James S. Crown            For       For        Management
1.3   Elect  Director Lester Crown              For       For        Management
1.4   Elect  Director William P. Fricks         For       For        Management
1.5   Elect  Director Charles H. Goodman        For       For        Management
1.6   Elect  Director Jay L. Johnson            For       For        Management
1.7   Elect  Director George A. Joulwan         For       For        Management
1.8   Elect  Director Paul G. Kaminski          For       For        Management
1.9   Elect  Director John M. Keane             For       For        Management
1.10  Elect  Director Lester L. Lyles           For       For        Management
1.11  Elect  Director Carl E. Mundy, Jr.        For       For        Management
1.12  Elect  Director Robert Walmsley           For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
4     Report on Foreign Military Sales          Against   Against    Shareholder


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

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   For        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


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

GOLDMAN SACHS GROUP, INC., THE

Ticker:       GS             Security ID:  38141G104
Meeting Date: MAR 31, 2004   Meeting Type: Annual
Record Date:  FEB 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lloyd C. Blankfein        For       For        Management
1.2   Elect  Director Lord Browne Of Madingley  For       For        Management
1.3   Elect  Director Claes Dahlback            For       For        Management
1.4   Elect  Director James A. Johnson          For       For        Management
1.5   Elect  Director Lois D. Juliber           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         Against   For        Shareholder


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

HALLIBURTON CO.

Ticker:       HAL            Security ID:  406216101
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert L. Crandall        For       For        Management
1.2   Elect  Director Kenneth T. Derr           For       For        Management
1.3   Elect  Director Charles J. DiBona         For       For        Management
1.4   Elect  Director W. R. Howell              For       For        Management
1.5   Elect  Director Ray L. Hunt               For       For        Management
1.6   Elect  Director David J. Lesar            For       For        Management
1.7   Elect  Director Aylwin B. Lewis           For       For        Management
1.8   Elect  Director J. Landis Martin          For       For        Management
1.9   Elect  Director Jay A. Precourt           For       For        Management
1.10  Elect  Director Debra L. Reed             For       For        Management
1.11  Elect  Director C. J. Silas               For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Review/Report on Operations in Iran       Against   Against    Shareholder
4     Require Affirmative Vote of a Majority of Against   Against    Shareholder
      the Shares to Elect Directors
5     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

HEWLETT-PACKARD CO.

Ticker:       HPQ            Security ID:  428236103
Meeting Date: MAR 17, 2004   Meeting Type: Annual
Record Date:  JAN 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L.T. Babbio, Jr.          For       For        Management
1.2   Elect  Director P.C. Dunn                 For       For        Management
1.3   Elect  Director C.S. Fiorina              For       For        Management
1.4   Elect  Director R.A. Hackborn             For       For        Management
1.5   Elect  Director G.A. Keyworth II          For       For        Management
1.6   Elect  Director R.E. Knowling, Jr.        For       For        Management
1.7   Elect  Director S.M. Litvack              For       Withhold   Management
1.8   Elect  Director R.L. Ryan                 For       For        Management
1.9   Elect  Director L.S. Salhany              For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder


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

HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gregory D. Brenneman      For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director John L. Clendenin         For       For        Management
1.4   Elect  Director Berry R. Cox              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Milledge A. Hart, III     For       For        Management
1.7   Elect  Director Bonnie G. Hill            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Robert L. Nardelli        For       For        Management
1.10  Elect  Director Roger S. Penske           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Performance- Based/Indexed Options        Against   Against    Shareholder
6     Adopt ILO Based Code of Conduct           Against   Against    Shareholder
7     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
8     Require Affirmative Vote of the Majority  Against   Against    Shareholder
      of the Shares to Elect Directors


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

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


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

INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Craig R. Barrett          For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director E. John P. Browne         For       For        Management
1.4   Elect  Director Andrew S. Grove           For       For        Management
1.5   Elect  Director D. James Guzy             For       For        Management
1.6   Elect  Director Reed E. Hundt             For       For        Management
1.7   Elect  Director Paul S. Otellini          For       For        Management
1.8   Elect  Director David S. Pottruck         For       For        Management
1.9   Elect  Director Jane E. Shaw              For       For        Management
1.10  Elect  Director John L. Thornton          For       For        Management
1.11  Elect  Director David B. Yoffie           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit/Prohibit Awards to Executives       Against   Against    Shareholder
6     Performance- Based/Indexed Options        Against   Against    Shareholder


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

ITT INDUSTRIES, INC.

Ticker:       ITT            Security ID:  450911102
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Ratify Auditors                           For       For        Management
2.1   Elect  Director Louis J. Giuliano         For       For        Management
2.2   Elect  Director Curtis J. Crawford        For       For        Management
2.3   Elect  Director Christina A. Gold         For       For        Management
2.4   Elect  Director Ralph F. Hake             For       For        Management
2.5   Elect  Director John J. Hamre             For       For        Management
2.6   Elect  Director Raymond W. LeBoeuf        For       For        Management
2.7   Elect  Director Frank T. MacInnis         For       For        Management
2.8   Elect  Director Linda S. Sanford          For       For        Management
2.9   Elect  Director Markos I. Tambakeras      For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gerard N. Burrow          For       For        Management
1.2   Elect  Director Mary S. Coleman           For       For        Management
1.3   Elect  Director James G. Cullen           For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director M. Judah Folkman          For       For        Management
1.6   Elect  Director Ann D. Jordan             For       For        Management
1.7   Elect  Director Arnold G. Langbo          For       For        Management
1.8   Elect  Director Susan L. Lindquist        For       For        Management
1.9   Elect  Director Leo F. Mullin             For       For        Management
1.10  Elect  Director Steven S Reinemund        For       For        Management
1.11  Elect  Director David Satcher             For       For        Management
1.12  Elect  Director Henry B. Schacht          For       For        Management
1.13  Elect  Director William C. Weldon         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Cease Charitable Contributions            Against   Against    Shareholder


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

JPMORGAN CHASE & CO.

Ticker:       JPM            Security ID:  46625H100
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Merger Agreement                  For       For        Management
2.1   Elect  Director Hans W. Becherer          For       For        Management
2.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
2.3   Elect  Director John H. Biggs             For       For        Management
2.4   Elect  Director Lawrence A. Bossidy       For       For        Management
2.5   Elect  Director Ellen V. Futter           For       For        Management
2.6   Elect  Director William H. Gray, III      For       For        Management
2.7   Elect  Director William B. Harrison, Jr   For       For        Management
2.8   Elect  Director Helene L. Kaplan          For       For        Management
2.9   Elect  Director Lee R. Raymond            For       For        Management
2.10  Elect  Director John R. Stafford          For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Executive Incentive Bonus Plan      For       For        Management
5     Adjourn Meeting                           For       For        Management
6     Establish Term Limits for Directors       Against   Against    Shareholder
7     Charitable Contributions                  Against   Against    Shareholder
8     Political Contributions                   Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   For        Shareholder
10    Provide Adequate Disclosure for over the  Against   Against    Shareholder
      counter Derivatives
11    Auditor Independence                      Against   Against    Shareholder
12    Submit Non-Employee Director Compensation Against   Against    Shareholder
      to Vote
13    Report on Pay Disparity                   Against   Against    Shareholder


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

JUNIPER NETWORKS, INC.

Ticker:       JNPR           Security ID:  48203R104
Meeting Date: APR 16, 2004   Meeting Type: Special
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Issue Shares in Connection with an        For       For        Management
      Acquisition


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

JUNIPER NETWORKS, INC.

Ticker:       JNPR           Security ID:  48203R104
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Pradeep Sindhu            For       For        Management
1.2   Elect  Director Robert M. Calderoni       For       For        Management
1.3   Elect  Director Kenneth Levy              For       For        Management
2     Ratify Auditors                           For       For        Management


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

KELLOGG CO.

Ticker:       K              Security ID:  487836108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  MAR 4, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Benjamin S. Carson, Sr.   For       For        Management
1.2   Elect  Director Gordon Gund               For       For        Management
1.3   Elect  Director Dorothy A. Johnson        For       For        Management
1.4   Elect  Director Ann Mclaughlin Korologos  For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)


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

LINEAR TECHNOLOGY CORP.

Ticker:       LLTC           Security ID:  535678106
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert H. Swanson, Jr.     For       For        Management
1.2   Elect Director David S. Lee               For       For        Management
1.3   Elect Director Leo T. McCarthy            For       For        Management
1.4   Elect Director Richard M. Moley           For       For        Management
1.5   Elect Director Thomas S. Volpe            For       For        Management
2     Ratify Auditors                           For       For        Management


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

LINEAR TECHNOLOGY CORPORATION

Ticker:                      Security ID:  535678
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 8, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO RATIFY THE APPOINTMENT OF ERNST &      For       For        Management
      YOUNG LLP AS INDEPENDENT AUDITORS OF THE
      COMPANY FOR THE FISCAL YEAR ENDING JUNE
      27, 2004.


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

MBNA CORP.

Ticker:       KRB            Security ID:  55262L100
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  FEB 13, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James H. Berick           For       For        Management
1.2   Elect  Director Benjamin R. Civiletti     For       For        Management
1.3   Elect  Director Bruce L. Hammonds         For       For        Management
1.4   Elect  Director William L. Jews           For       For        Management
1.5   Elect  Director Randolph D. Lerner        For       For        Management
1.6   Elect  Director Stuart L. Markowitz       For       For        Management
1.7   Elect  Director William B. Milstead       For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder
4     Require Majority of Independent Directors Against   For        Shareholder
      on Board


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

MEDTRONIC, INC.

Ticker:       MDT            Security ID:  585055
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS MEDTRONIC S
      INDEPENDENT AUDITORS
03    TO APPROVE MEDTRONIC S 2003 LONG-TERM     For       For        Management
      INCENTIVE PLAN.
04    TO APPROVE MEDTRONIC S EXECUTIVE          For       For        Management
      INCENTIVE PLAN.


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

MEDTRONIC, INC.

Ticker:       MDT            Security ID:  585055106
Meeting Date: AUG 28, 2003   Meeting Type: Annual
Record Date:  JUL 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard H. Anderson        For       For        Management
1.2   Elect Director Michael R. Bonsignore      For       For        Management
1.3   Elect Director Gordon M. Sprenger         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


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

MERCK & CO., INC.

Ticker:       MRK            Security ID:  589331107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Peter C. Wendell          For       For        Management
1.2   Elect  Director William G. Bowen          For       For        Management
1.3   Elect  Director William M. Daley          For       For        Management
1.4   Elect  Director Thomas E. Shenk           For       For        Management
1.5   Elect  Director Wendell P. Weeks          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Prohibit Awards to Executives             Against   Against    Shareholder
5     Develop Ethical Criteria for Patent       Against   Against    Shareholder
      Extension
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political Contributions         Against   Against    Shareholder
8     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K. Newbigging       For       For        Management
1.2   Elect  Director Joseph W. Prueher         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Gates, III      For       For        Management
1.2   Elect Director Steven A. Ballmer          For       For        Management
1.3   Elect Director James I. Cash, Jr., Ph.D.  For       For        Management
1.4   Elect Director Raymond V. Gilmartin       For       For        Management
1.5   Elect Director Ann McLaughlin Korologos   For       For        Management
1.6   Elect Director David F. Marquardt         For       For        Management
1.7   Elect Director Charles H. Noski           For       For        Management
1.8   Elect Director Dr. Helmut Panke           For       For        Management
1.9   Elect Director Wm. G. Reed, Jr.           For       For        Management
1.10  Elect Director Jon A. Shirley             For       Withhold   Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Refrain from Giving Charitable            Against   Against    Shareholder
      Contributions


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  WILLIAM H. GATES III                      For       For        Management
01.2  STEVEN A. BALLMER                         For       For        Management
01.3  JAMES I. CASH JR.                         For       For        Management
01.4  RAYMOND V. GILMARTIN                      For       For        Management
01.5  A. MCLAUGHLIN KOROLOGOS                   For       For        Management
01.6  DAVID F. MARQUARDT                        For       For        Management
01.7  CHARLES H. NOSKI                          For       For        Management
01.8  HELMUT PANKE                              For       For        Management
01.9  WM. G. REED JR.                           For       For        Management
01.10 JON A. SHIRLEY                            For       Withheld   Management
02    ADOPTION OF THE AMENDMENTS TO THE 2001    For       For        Management
      STOCK PLAN
03    ADOPTION OF THE AMENDMENTS TO THE 1999    For       For        Management
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS
04    SHAREHOLDER PROPOSAL (THE BOARD           Against   Against    Shareholder
      RECOMMENDS A VOTE  AGAINST THIS PROPOSAL)


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

MOTOROLA, INC.

Ticker:       MOT            Security ID:  620076109
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward Zander             For       For        Management
1.2   Elect  Director H. Laurence Fuller        For       For        Management
1.3   Elect  Director Judy Lewent               For       For        Management
1.4   Elect  Director Walter Massey             For       For        Management
1.5   Elect  Director Nicholas Negroponte       For       For        Management
1.6   Elect  Director Indra Nooyi               For       For        Management
1.7   Elect  Director John Pepper, Jr.          For       For        Management
1.8   Elect  Director Samuel Scott III          For       For        Management
1.9   Elect  Director Douglas Warner III        For       For        Management
1.10  Elect  Director John White                For       For        Management
1.11  Elect  Director Mike Zafirovski           For       For        Management
2     Limit Executive Compensation              Against   Against    Shareholder
3     Limit Awards to Executives                Against   Against    Shareholder


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

NEWMONT MINING CORP. (HOLDING COMPANY)

Ticker:       NEM            Security ID:  651639106
Meeting Date: APR 28, 2004   Meeting Type: Annual
Record Date:  MAR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Glen A. Barton            For       For        Management
1.2   Elect  Director Vincent A. Calarco        For       For        Management
1.3   Elect  Director Michael S. Hamson         For       For        Management
1.4   Elect  Director Leo I. Higdon, Jr.        For       For        Management
1.5   Elect  Director Pierre Lassonde           For       For        Management
1.6   Elect  Director Robert J. Miller          For       For        Management
1.7   Elect  Director Wayne W. Murdy            For       For        Management
1.8   Elect  Director Robin A. Plumbridge       For       For        Management
1.9   Elect  Director John B. Prescott          For       For        Management
1.10  Elect  Director Michael K. Reilly         For       For        Management
1.11  Elect  Director Seymour Schulich          For       For        Management
1.12  Elect  Director James V. Taranik          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder 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


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

NOKIA CORP.

Ticker:       NOK            Security ID:  654902204
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  JAN 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE INCOME STATEMENTS AND THE For       For        Management
      BALANCE SHEETS.
2     APPROVAL OF A DIVIDEND OF EUR 0.30 PER    For       For        Management
      SHARE.
3     APPROVAL OF THE DISCHARGE OF THE          For       For        Management
      CHAIRMAN, THE MEMBERS OF THE BOARD OF
      DIRECTORS AND THE PRESIDENT FROM
      LIABILITY.
4.1   Elect  Director Paul J. Collins           For       For        Management
4.2   Elect  Director Georg Ehrnrooth           For       For        Management
4.3   Elect  Director Bengt Holmstrom           For       For        Management
4.4   Elect  Director Per Karlsson              For       For        Management
4.5   Elect  Director Jorma Ollila              For       For        Management
4.6   Elect  Director Marjorie Scardino         For       For        Management
4.7   Elect  Director Vesa Vainio               For       For        Management
4.8   Elect  Director Arne Wessberg             For       For        Management
5     Ratify Auditors                           For       For        Management
6     APPROVAL OF THE PROPOSAL OF THE BOARD TO  For       For        Management
      REDUCE THE SHARE CAPITAL THROUGH
      CANCELLATION OF NOKIA SHARES HELD BY THE
      COMPANY
7     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO INCREASE THE SHARE CAPITAL OF
      THE COMPANY.
8     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO REPURCHASE NOKIA SHARES.
9     APPROVAL OF THE AUTHORIZATION TO THE      For       For        Management
      BOARD TO DISPOSE NOKIA SHARES HELD BY THE
      COMPANY.
10    APPROVAL OF THE PROPOSAL OF THE BOARD TO  For       For        Management
      INCREASE THE CAPITAL OF THE FOUNDATION OF
      NOKIA CORPORATION.
11    MARK THE  FOR  BOX IF YOU WISH TO         None      For        Management
      INSTRUCT THE DEPOSITARY TO GIVE A PROXY
      TO ANY ONE OF MARIANNA UOTINEN-TARKOMA,
      ESA KAUNISTOLA, BOTH LEGAL COUNSELS OF
      NOKIA CORPORATION, TO AUTHORIZE ANY OF
      THEM (WITH FULL POWER OF SUBSTITUTION) TO
      VOTE, IN THEIR DISCR


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

ORACLE CORP.

Ticker:       ORCL           Security ID:  68389X105
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Lawrence J. Ellison        For       For        Management
1.2   Elect Director Donald L. Lucas            For       For        Management
1.3   Elect Director Michael J. Boskin          For       For        Management
1.4   Elect Director Jeffrey O. Henley          For       For        Management
1.5   Elect Director Jack F. Kemp               For       For        Management
1.6   Elect Director Jeffrey Berg               For       For        Management
1.7   Elect Director Safra Catz                 For       For        Management
1.8   Elect Director Hector Garcia-Molina       For       For        Management
1.9   Elect Director Joseph A. Grundfest        For       For        Management
1.10  Elect Director H. Raymond Bingham         For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management
4     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
5     Implement China Principles                Against   Against    Shareholder


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

ORACLE CORPORATION

Ticker:       ORCL           Security ID:  68389X
Meeting Date: OCT 13, 2003   Meeting Type: Annual
Record Date:  AUG 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL FOR THE APPROVAL OF THE ADOPTION For       For        Management
      OF THE FISCAL YEAR 2004 EXECUTIVE BONUS
      PLAN
03    PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      ERNST & YOUNG LLP AS INDEPENDENT AUDITORS
      OF THE COMPANY FOR THE FISCAL YEAR ENDING
      MAY 31, 2004
04    PROPOSAL FOR THE APPROVAL OF THE AMENDED  For       For        Management
      AND RESTATED 1993 DIRECTORS  STOCK PLAN
05    PROPOSAL TO ADOPT THE  CHINA BUSINESS     Against   Against    Shareholder
      PRINCIPLES FOR RIGHTS OF WORKERS IN CHINA


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

OUTBACK STEAKHOUSE, INC.

Ticker:       OSI            Security ID:  689899102
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John A. Brabson, Jr.      For       For        Management
1.2   Elect  Director Lee Roy Selmon            For       For        Management
2     Amend Omnibus Stock Plan                  For       Against    Management
3     Other Business                            For       For        Management


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326
Meeting Date: OCT 2, 2003    Meeting Type: Annual
Record Date:  AUG 4, 2003

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


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

PAYCHEX, INC.

Ticker:       PAYX           Security ID:  704326107
Meeting Date: OCT 2, 2003    Meeting Type: Annual
Record Date:  AUG 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director B. Thomas Golisano         For       For        Management
1.2   Elect Director Betsy S. Atkins            For       For        Management
1.3   Elect Director G. Thomas Clark            For       For        Management
1.4   Elect Director David J. S. Flaschen       For       For        Management
1.5   Elect Director Phillip Horsley            For       For        Management
1.6   Elect Director Grant M. Inman             For       For        Management
1.7   Elect Director J. Robert Sebo             For       For        Management
1.8   Elect Director Joseph M. Tucci            For       For        Management


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

PEPSICO, INC.

Ticker:       PEP            Security ID:  713448108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John F. Akers             For       For        Management
1.2   Elect  Director Robert E. Allen           For       For        Management
1.3   Elect  Director Ray L. Hunt               For       For        Management
1.4   Elect  Director Arthur C. Martinez        For       For        Management
1.5   Elect  Director Indra K. Nooyi            For       For        Management
1.6   Elect  Director Franklin D. Raines        For       For        Management
1.7   Elect  Director Steven S. Reinemund       For       For        Management
1.8   Elect  Director Sharon Percy Rockefeller  For       For        Management
1.9   Elect  Director James J. Schiro           For       For        Management
1.10  Elect  Director Franklin A. Thomas        For       For        Management
1.11  Elect  Director Cynthia M. Trudell        For       For        Management
1.12  Elect  Director Solomon D. Trujillo       For       For        Management
1.13  Elect  Director Daniel Vasella            For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
5     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       For        Management
1.2   Elect  Director M. Anthony Burns          For       For        Management
1.3   Elect  Director Robert N. Burt            For       For        Management
1.4   Elect  Director W. Don Cornwell           For       For        Management
1.5   Elect  Director William H. Gray III       For       For        Management
1.6   Elect  Director Constance J. Horner       For       For        Management
1.7   Elect  Director William R. Howell         For       For        Management
1.8   Elect  Director Stanley O. Ikenberry      For       For        Management
1.9   Elect  Director George A. Lorch           For       For        Management
1.10  Elect  Director Henry A. Mckinnell        For       For        Management
1.11  Elect  Director Dana G. Mead              For       For        Management
1.12  Elect  Director Franklin D. Raines        For       For        Management
1.13  Elect  Director Ruth J. Simmons           For       For        Management
1.14  Elect  Director William C. Steere, Jr.    For       For        Management
1.15  Elect  Director Jean-Paul Valles          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Against    Shareholder
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Against    Shareholder


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

PROCTER & GAMBLE COMPANY, THE

Ticker:       PG             Security ID:  742718109
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Norman R. Augustine        For       For        Management
1.2   Elect Director A.G. Lafley                For       For        Management
1.3   Elect Director Johnathan A. Rodgers       For       For        Management
1.4   Elect Director John F. Smith, Jr.         For       For        Management
1.5   Elect Director Margaret C. Whitman        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Non-Employee Director Omnibus     For       For        Management
      Stock Plan
4     Declassify the Board of Directors         Against   For        Shareholder
5     Label Genetically Engineered Foods        Against   Against    Shareholder


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

SAP AG

Ticker:       SZXP10         Security ID:  803054204
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 30, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     RESOLUTION ON THE APPROPRIATION OF THE    For       For        Management
      RETAINED EARNINGS OF THE FISCAL YEAR 2003
2     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE EXECUTIVE BOARD IN THE FISCAL
      YEAR 2003
3     RESOLUTION ON THE FORMAL APPROVAL OF THE  For       For        Management
      ACTS OF THE SUPERVISORY BOARD IN THE
      FISCAL YEAR 2003
4     Ratify Auditors                           For       For        Management
5     RESOLUTION ON ADJUSTMENTS TO SECTION 4 OF For       For        Management
      THE ARTICLES OF ASSOCIATION
6     RESOLUTION ON THE AUTHORIZATION TO        For       For        Management
      ACQUIRE AND USE TREASURY SHARES
7     RESOLUTION ON THE AUTHORIZATION TO USE    For       Against    Management
      EQUITY DERIVATIVES IN CONNECTION WITH THE
      ACQUISITION OF TREASURY SHARES


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

SIEBEL SYSTEMS, INC.

Ticker:       SEBL           Security ID:  826170102
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director C. Scott Hartz            For       For        Management
1.2   Elect  Director Charles R. Schwab         For       For        Management
1.3   Elect  Director George T. Shaheen         For       For        Management
1.4   Elect  Director John W. White             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Abstain   For        Shareholder


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

SLM CORP.

Ticker:       SLM            Security ID:  78442P106
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles L. Daley          For       For        Management
1.2   Elect  Director William M. Diefenderfer,  For       For        Management
      III
1.3   Elect  Director Thomas J. Fitzpatrick     For       For        Management
1.4   Elect  Director Edward A. Fox             For       For        Management
1.5   Elect  Director Diane Suitt Gilleland     For       For        Management
1.6   Elect  Director Earl A. Goode             For       For        Management
1.7   Elect  Director Ann Torre Grant           For       For        Management
1.8   Elect  Director Ronald F. Hunt            For       For        Management
1.9   Elect  Director Benjamin J. Lambert, III  For       For        Management
1.10  Elect  Director Albert L. Lord            For       For        Management
1.11  Elect  Director Barry A. Munitz           For       For        Management
1.12  Elect  Director A. Alexander Porter, Jr.  For       For        Management
1.13  Elect  Director Wolfgang Schoellkopf      For       For        Management
1.14  Elect  Director Steven L. Shapiro         For       For        Management
1.15  Elect  Director Barry L. Williams         For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

SOUTHWEST AIRLINES CO.

Ticker:       LUV            Security ID:  844741108
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Herbert D. Kelleher       For       For        Management
1.2   Elect  Director Rollin W. King            For       For        Management
1.3   Elect  Director June M. Morris            For       For        Management
1.4   Elect  Director C. Webb Crockett          For       For        Management
1.5   Elect  Director William P. Hobby          For       For        Management
1.6   Elect  Director Travis C. Johnson         For       For        Management
2     Ratify Auditors                           For       For        Management


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

ST. JUDE MEDICAL, INC.

Ticker:       STJ            Security ID:  790849103
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael A. Rocca          For       For        Management
1.2   Elect  Director David A. Thompson         For       For        Management
1.3   Elect  Director Stefan K. Widensohler     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Executive Incentive Bonus Plan    For       For        Management
4     Increase Authorized Common Stock          For       For        Management
5     Limit Executive Compensation              Against   Against    Shareholder


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

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


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO RECEIVE AND DISCUSS THE COMPANY S      For       For        Management
      CONSOLIDATED BALANCE SHEET AS OF DECEMBER
      31, 2003 AND THE CONSOLIDATED STATEMENTS.
2     TO APPROVE THE BOARD OF DIRECTORS         For       Against    Management
      RECOMMENDATION THAT THE CASH DIVIDEND FOR
      THE YEAR ENDED DECEMBER 31, 2003, WHICH
      WAS PAID IN FOUR INSTALLMENTS AND
      AGGREGATED NIS 1.44 (APPROXIMATELY
      US$0.322) PER ORDINARY SHARE, BE DECLARED
      FINAL.
3     TO ELECT ABRAHAM E. COHEN TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
4     TO ELECT LESLIE DAN TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
5     TO ELECT PROF. MEIR HETH TO SERVE FOR A   For       For        Management
      THREE-YEAR TERM.
6     TO ELECT PROF. MOSHE MANY TO SERVE FOR A  For       For        Management
      THREE-YEAR TERM.
7     TO ELECT DOV SHAFIR TO SERVE FOR A        For       For        Management
      THREE-YEAR TERM.
8     TO APPROVE THE PURCHASE OF DIRECTOR S AND For       Against    Management
      OFFICER S LIABILITY INSURANCE FOR THE
      DIRECTORS AND OFFICERS OF THE COMPANY.
9     Ratify Auditors                           For       For        Management


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

TEVA PHARMACEUTICAL INDUSTRIES

Ticker:       TEVA           Security ID:  881624209
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect G. Shalev as an External Director   For       For        Management
2     Approve Increase in Remuneration of       For       For        Management
      Directors other than the Chairman


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

TEVA PHARMACEUTICAL INDUSTRIES LIMIT

Ticker:       TEVA           Security ID:  881624
Meeting Date: OCT 27, 2003   Meeting Type: Special
Record Date:  SEP 18, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPOINT PROF. GABRIELA SHALEV AS A     For       For        Management
      STATUTORY INDEPENDENT DIRECTOR FOR A
      THREE-YEAR TERM, REPLACING MR. ORI SLONIM
      WHOSE TERM ENDS ON OCTOBER 17, 2003.
02    TO APPROVE AN INCREASE IN THE             For       For        Management
      REMUNERATION OF THE DIRECTORS OF THE
      COMPANY (OTHER THAN THE CHAIRMAN). SUCH
      ANNUAL REMUNERATION IS TO BE SET AT NIS
      100,000 WITH AN ADDITIONAL NIS 3,000 PER
      MEETING. DIRECTORS WHO ARE ALSO COMMITTEE
      CHAIRPERSONS SHALL RECEIV


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

THE ESTEE LAUDER COMPANIES INC.

Ticker:       EL             Security ID:  518439
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF THE EXECUTIVE ANNUAL          For       For        Management
      INCENTIVE PLAN.
03    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       For        Management
      AS INDEPENDENT AUDITORS FOR THE 2004
      FISCAL YEAR.


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

THE PROCTER & GAMBLE COMPANY

Ticker:       PG             Security ID:  742718
Meeting Date: OCT 14, 2003   Meeting Type: Annual
Record Date:  AUG 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    RATIFY APPOINTMENT OF INDEPENDENT         For       For        Management
      AUDITORS
03    APPROVE THE PROCTER & GAMBLE 2003         For       For        Management
      NON-EMPLOYEE DIRECTORS  STOCK PLAN
04    SHAREHOLDER PROPOSAL NO. 1 BOARD OF       Against   For        Shareholder
      DIRECTORS  TERMS
05    SHAREHOLDER PROPOSAL NO. 2 LABEL          Against   Against    Shareholder
      GENETICALLY ENGINEERED FOODS


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

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


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

TJX COMPANIES, INC., THE

Ticker:       TJX            Security ID:  872540109
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gary L. Crittenden        For       For        Management
1.2   Elect  Director Edmond J. English         For       For        Management
1.3   Elect  Director Richard G. Lesser         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Implement ILO Based Code of Conduct       Against   Against    Shareholder
4     Report on Vendor Standards                Against   Against    Shareholder
5     Declassify the Board of Directors         Against   For        Shareholder


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

TOTAL S.A. (FORMERLY TOTAL FINA ELF  S.A )

Ticker:       TOT            Security ID:  89151E109
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF CERTAIN REPORTS AND OF THE    For       For        Management
      PARENT COMPANY S FINANCIAL STATEMENTS
2     APPROVAL OF CONSOLIDATED FINANCIAL        For       For        Management
      STATEMENTS
3     ALLOCATION OF INCOME, APPROVAL OF THE     For       For        Management
      DIVIDEND
4     AGREEMENTS MENTIONED IN ARTICLE L. 225-38 For       For        Management
      OF THE FRENCH COMMERCIAL CODE
5     AUTHORIZATION TO TRADE THE COMPANY S OWN  For       For        Management
      SHARES
6     AUTHORIZATION FOR THE BOARD OF DIRECTORS  For       For        Management
      TO ISSUE DEBT SECURITIES AND/OR PERPETUAL
      SUBORDINATED NOTES FOR A MAXIMUM NOMINAL
      AMOUNT OF 10 BILLION EUROS
7.1   Elect  Director Mr. Thierry Desmarest     For       For        Management
7.2   Elect  Director Mr. Thierry De Rudder     For       For        Management
7.3   Elect  Director Mr. Serge Tchuruk         For       For        Management
8     APPOINTMENT OF DANIEL BOEUF AS A DIRECTOR For       For        Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
9     APPOINTMENT OF PHILIPPE MARCHANDISE AS A  Against   Against    Management
      DIRECTOR REPRESENTING EMPLOYEE
      SHAREHOLDERS IN APPLICATION OF ARTICLE 11
      OF THE ARTICLES OF INCORPORATION
10    APPOINTMENT OF CYRIL MOUCHE AS A DIRECTOR Against   Against    Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
11    APPOINTMENT OF ALAN CRAMER AS A DIRECTOR  Against   Against    Management
      REPRESENTING EMPLOYEE SHAREHOLDERS IN
      APPLICATION OF ARTICLE 11 OF THE ARTICLES
      OF INCORPORATION
12    Ratify Auditors                           For       For        Management
13    RENEWAL OF STATUTORY AUDITORS             For       For        Management
14    Ratify Auditors                           For       For        Management
15    Ratify Auditors                           For       For        Management
16    DETERMINATION OF THE TOTAL AMOUNT OF      For       For        Management
      DIRECTORS  COMPENSATION
17    AUTHORIZATION TO AWARD OPTIONS TO         For       For        Management
      SUBSCRIBE FOR OR PURCHASE STOCK OF THE
      COMPANY IN FAVOUR OF THE MANAGEMENT AND
      KEY EMPLOYEES OF THE GROUP
18    AUTHORIZATION FOR ISSUING CONVERTIBLE OR  For       For        Management
      OTHER EQUITY SECURITIES
19    AUTHORIZATION TO USE THE ABOVE DELEGATION For       For        Management
      WITHOUT MAINTENANCE OF PREFERENTIAL
      SUBSCRIPTION RIGHTS, BUT WITH AN OPTION
      TO GRANT A PRIORITY PERIOD
20    CAPITAL INCREASE RESERVED FOR EMPLOYEES   For       For        Management


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

TYCO INTERNATIONAL LTD.

Ticker:       TYC            Security ID:  902124106
Meeting Date: MAR 25, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dennis C. Blair           For       For        Management
1.2   Elect  Director Edward D. Breen           For       For        Management
1.3   Elect  Director George W. Buckley         For       For        Management
1.4   Elect  Director Brian Duperreault         For       For        Management
1.5   Elect  Director Bruce S. Gordon           For       For        Management
1.6   Elect  Director John A. Krol              For       For        Management
1.7   Elect  Director Mackey J. Mcdonald        For       For        Management
1.8   Elect  Director H. Carl Mccall            For       For        Management
1.9   Elect  Director Brendan R. O'Neill        For       For        Management
1.10  Elect  Director Sandra S. Wijnberg        For       For        Management
1.11  Elect  Director Jerome B. York            For       For        Management
2     Ratify Auditors                           For       For        Management
3     ADOPTION OF THE AMENDED AND RESTATED      For       For        Management
      BYE-LAWS.
4     APPROVAL OF TYCO 2004 STOCK AND INCENTIVE For       For        Management
      PLAN.
5     SHAREHOLDER PROPOSAL REGARDING            For       For        Shareholder
      ENVIRONMENTAL REPORTING.
6     SHAREHOLDER PROPOSAL TO CHANGE TYCO S     Against   Against    Shareholder
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO A U.S. STATE.
7     SHAREHOLDER PROPOSAL ON  COMMON SENSE     Against   Against    Shareholder
      EXECUTIVE COMPENSATION.


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

UNITED PARCEL SERVICE, INC.

Ticker:       UPS            Security ID:  911312106
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Calvin Darden             For       For        Management
1.2   Elect  Director Michael L. Eskew          For       For        Management
1.3   Elect  Director James P. Kelly            For       For        Management
1.4   Elect  Director Ann M. Livermore          For       For        Management
1.5   Elect  Director Gary E. MacDougal         For       For        Management
1.6   Elect  Director Victor A. Pelson          For       For        Management
1.7   Elect  Director Lea N. Soupata            For       For        Management
1.8   Elect  Director Robert M. Teeter          For       For        Management
1.9   Elect  Director John W. Thompson          For       For        Management
1.10  Elect  Director Carol B. Tome             For       For        Management
2     Ratify Auditors                           For       For        Management


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

UNITED TECHNOLOGIES CORP.

Ticker:       UTX            Security ID:  913017109
Meeting Date: APR 14, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Betsy J. Bernard          For       For        Management
1.2   Elect  Director George David              For       For        Management
1.3   Elect  Director Jean-Pierre Garnier       For       For        Management
1.4   Elect  Director Jamie S. Gorelick         For       For        Management
1.5   Elect  Director Charles R. Lee            For       For        Management
1.6   Elect  Director Richard D. McCormick      For       For        Management
1.7   Elect  Director Harold McGraw III         For       For        Management
1.8   Elect  Director Frank P. Popoff           For       For        Management
1.9   Elect  Director H. Patrick Swygert        For       For        Management
1.10  Elect  Director Andre Villeneuve          For       For        Management
1.11  Elect  Director H. A. Wagner              For       For        Management
1.12  Elect  Director Christine Todd Whitman    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Disclosure of Executive Compensation      Against   Against    Shareholder
4     Develop Ethical Criteria for Military     Against   Against    Shareholder
      Contracts
5     Performance-Based/Indexed Options         Against   Against    Shareholder
6     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

WAL-MART STORES, INC.

Ticker:       WMT            Security ID:  931142103
Meeting Date: JUN 4, 2004    Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James W. Breyer           For       For        Management
1.2   Elect  Director M. Michele Burns          For       For        Management
1.3   Elect  Director Thomas M. Coughlin        For       For        Management
1.4   Elect  Director David D. Glass            For       For        Management
1.5   Elect  Director Roland A. Hernandez       For       For        Management
1.6   Elect  Director Dawn G. Lepore            For       For        Management
1.7   Elect  Director John D. Opie              For       For        Management
1.8   Elect  Director J. Paul Reason            For       For        Management
1.9   Elect  Director H. Lee Scott, Jr.         For       For        Management
1.10  Elect  Director Jack C. Shewmaker         For       For        Management
1.11  Elect  Director Jose H. Villarreal        For       For        Management
1.12  Elect  Director John T. Walton            For       For        Management
1.13  Elect  Director S. Robson Walton          For       For        Management
1.14  Elect  Director Christopher J. Williams   For       For        Management
2     Approve Stock Option Plan                 For       For        Management
3     Approve Stock Option Plan                 For       For        Management
4     Amend Employee Stock Purchase Plan        For       For        Management
5     Ratify Auditors                           For       For        Management
6     Separate Chairman and CEO Positions       Against   Against    Shareholder
7     Prepare Sustainability Report             Against   Against    Shareholder
8     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
9     Report on Genetically Modified Organisms  Against   Against    Shareholder
      (GMO)
10    Prepare Diversity Report                  Against   Against    Shareholder
11    Submit Executive Compensation to Vote     Against   Against    Shareholder


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

WELLS FARGO & COMPANY

Ticker:       WFC            Security ID:  949746101
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.A. Blanchard III        For       For        Management
1.2   Elect  Director Susan E. Engel            For       For        Management
1.3   Elect  Director Enrique Hernandez, Jr.    For       For        Management
1.4   Elect  Director Robert L. Joss            For       For        Management
1.5   Elect  Director Reatha Clark King         For       For        Management
1.6   Elect  Director Richard M. Kovacevich     For       For        Management
1.7   Elect  Director Richard D. McCormick      For       For        Management
1.8   Elect  Director Cynthia H. Milligan       For       For        Management
1.9   Elect  Director Philip J. Quigley         For       For        Management
1.10  Elect  Director Donald B. Rice            For       Withhold   Management
1.11  Elect  Director Judith M. Runstad         For       Withhold   Management
1.12  Elect  Director Stephen W. Sanger         For       For        Management
1.13  Elect  Director Susan G. Swenson          For       For        Management
1.14  Elect  Director Michael W. Wright         For       Withhold   Management
2     Approve Retirement Plan                   For       Against    Management
3     Ratify Auditors                           For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit Executive Compensation              Against   Against    Shareholder
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political                       Against   Against    Shareholder
      Contributions/Activities


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

WYETH

Ticker:       WYE            Security ID:  983024100
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Clifford L. Alexander,    For       For        Management
      Jr.
1.2   Elect  Director Frank A. Bennack, Jr.     For       For        Management
1.3   Elect  Director Richard L. Carrion        For       For        Management
1.4   Elect  Director Robert Essner             For       For        Management
1.5   Elect  Director John D. Feerick           For       For        Management
1.6   Elect  Director Robert Langer             For       For        Management
1.7   Elect  Director John P. Mascotte          For       For        Management
1.8   Elect  Director Mary Lake Polan           For       For        Management
1.9   Elect  Director Ivan G. Seidenberg        For       For        Management
1.10  Elect  Director Walter V. Shipley         For       For        Management
1.11  Elect  Director John R. Torell III        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Drug Pricing                    Against   Against    Shareholder
4     Amend Animal Testing Policy               Against   Against    Shareholder




============ SMITH BARNEY INVESTMENT SERIES - SMITH BARNEY PREMIER =============
============          SELECTIONS ALL CAP GROWTH PORTFOLIO          =============


ADVANCED FIBRE COMMUNICATIONS, INC.

Ticker:       AFCI           Security ID:  00754A105
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John A. Schofield         For       For        Management
1.2   Elect  Director Ruann F. Ernst            For       For        Management
1.3   Elect  Director Frank Ianna               For       For        Management
2     Ratify Auditors                           For       For        Management


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

AFFILIATED MANAGERS GROUP, INC.

Ticker:       AMG            Security ID:  008252108
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William J. Nutt           For       For        Management
1.2   Elect  Director Sean M. Healey            For       For        Management
1.3   Elect  Director Richard E. Floor          For       For        Management
1.4   Elect  Director Stephen J. Lockwood       For       For        Management
1.5   Elect  Director Harold J. Meyerman        For       For        Management
1.6   Elect  Director Robert C. Puff, Jr.       For       For        Management
1.7   Elect  Director Dr. Rita M. Rodriguez     For       For        Management


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

ALLIANCE DATA SYSTEMS CORP

Ticker:       ADS            Security ID:  018581108
Meeting Date: JUN 8, 2004    Meeting Type: Annual
Record Date:  APR 14, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lawrence M. Benveniste    For       For        Management
1.2   Elect  Director D. Keith Cobb             For       For        Management
1.3   Elect  Director Kenneth R. Jensen         For       For        Management


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

ALLIANCE GAMING CORP.

Ticker:       AGI            Security ID:  01859P609
Meeting Date: DEC 10, 2003   Meeting Type: Annual
Record Date:  NOV 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Robert Miodunski           For       For        Management
1.2   Elect Director David Robbins              For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

ALLIANCE GAMING CORPORATION

Ticker:       AGI            Security ID:  01859P
Meeting Date: DEC 10, 2003   Meeting Type: Annual
Record Date:  NOV 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVAL OF AN AMENDMENT TO THE COMPANY S For       For        Management
      2001 LONG-TERM INCENTIVE PLAN TO INCREASE
      THE NUMBER OF SHARES ISSUABLE BY
      3,500,000 SHARES
03    RATIFICATION OF THE APPOINTMENT OF        For       For        Management
      DELOITTE & TOUCHE LLP AS THE COMPANY S
      INDEPENDENT PUBLIC ACCOUNTANTS FOR FISCAL
      YEAR 2004


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

ALLIANT TECHSYSTEMS INC.

Ticker:       ATK            Security ID:  018804
Meeting Date: AUG 5, 2003    Meeting Type: Annual
Record Date:  JUN 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPOINTMENT OF INDEPENDENT AUDITORS       For       For        Management
03    STOCKHOLDER PROPOSAL - WEAPONIZATION OF   Against   Against    Shareholder
      SPACE


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

ALLIANT TECHSYSTEMS INC.

Ticker:       ATK            Security ID:  018804104
Meeting Date: AUG 5, 2003    Meeting Type: Annual
Record Date:  JUN 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Frances D. Cook            For       For        Management
1.2   Elect Director Gilbert F. Decker          For       For        Management
1.3   Elect Director Jonathan G. Guss           For       For        Management
1.4   Elect Director Admiral David E. Jeremiah, For       For        Management
      USN (Ret.)
1.5   Elect Director Admiral Paul David Miller, For       For        Management
      USN (Ret.)
1.6   Elect Director Daniel J. Murphy, Jr.      For       For        Management
1.7   Elect Director General Robert W.          For       For        Management
      RisCassi, USA (Ret.)
1.8   Elect Director Michael T. Smith           For       For        Management
1.9   Elect Director William G. Van Dyke        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Space-Based Weapons             Against   Against    Shareholder


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

AMAZON.COM, INC.

Ticker:       AMZN           Security ID:  023135106
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jeffrey P. Bezos          For       For        Management
1.2   Elect  Director Tom A. Alberg             For       For        Management
1.3   Elect  Director L. John Doerr             For       For        Management
1.4   Elect  Director William B. Gordon         For       For        Management
1.5   Elect  Director Myrtle S. Potter          For       For        Management
1.6   Elect  Director Thomas O. Ryder           For       For        Management
1.7   Elect  Director Patricia Q. Stonesifer    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Executive Compensation              Against   Against    Shareholder


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

AMBAC FINANCIAL GROUP, INC.

Ticker:       ABK            Security ID:  023139108
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Phillip B. Lassiter       For       For        Management
1.2   Elect  Director Michael A. Callen         For       For        Management
1.3   Elect  Director Renso L. Caporali         For       For        Management
1.4   Elect  Director Jill M. Considine         For       For        Management
1.5   Elect  Director Richard Dulude            For       For        Management
1.6   Elect  Director Robert J. Genader         For       For        Management
1.7   Elect  Director W. Grant Gregory          For       For        Management
1.8   Elect  Director Laura S. Unger            For       For        Management
1.9   Elect  Director Henry D. G. Wallace       For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
4     Ratify Auditors                           For       For        Management


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

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


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

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


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

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


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

ARAMARK CORP

Ticker:       RMK            Security ID:  038521100
Meeting Date: FEB 3, 2004    Meeting Type: Annual
Record Date:  DEC 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph Neubauer            For       For        Management
1.2   Elect Director Lawrence T. Babbio, Jr.    For       For        Management
1.3   Elect Director William Leonard            For       For        Management
1.4   Elect Director Karl M. von der Heyden     For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management


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

BANKNORTH GROUP, INC.

Ticker:       BNK            Security ID:  06646R107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  MAR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Dana S. Levenson          For       For        Management
1.2   Elect  Director John M. Naughton          For       For        Management
1.3   Elect  Director Angelo Pizzagalli         For       For        Management
2     Ratify Auditors                           For       For        Management


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

BENCHMARK ELECTRONICS, INC.

Ticker:       BHE            Security ID:  08160H101
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald E. Nigbor          For       For        Management
1.2   Elect  Director Cary T. Fu                For       For        Management
1.3   Elect  Director Steven A. Barton          For       For        Management
1.4   Elect  Director John W. Cox               For       For        Management
1.5   Elect  Director John C. Custer            For       For        Management
1.6   Elect  Director Peter G. Dorflinger       For       For        Management
1.7   Elect  Director Bernee D. L. Strom        For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

BERKSHIRE HATHAWAY INC.

Ticker:       BRK.A          Security ID:  084670207
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


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

BIOGEN IDEC INC

Ticker:       BIIB           Security ID:  449370105
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

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


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

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


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

BRINKER INTERNATIONAL, INC.

Ticker:       EAT            Security ID:  109641
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    RATIFICATION OF APPOINTMENT OF KPMG LLP   For       Against    Management
      AS INDEPENDENT AUDITORS FOR FISCAL 2004.
      THE BOARD OF DIRECTORS RECOMMENDS A VOTE
      AGAINST  THE FOLLOWING PROPOSAL AS
      DESCRIBED IN THE PROXY STATEMENT.
03    SHAREHOLDER PROPOSAL- REPORT ON           Against   Against    Shareholder
      GENETICALLY ENGINEERED INGREDIENTS IN
      FOOD PRODUCTS.


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

BRINKER INTERNATIONAL, INC.

Ticker:       EAT            Security ID:  109641100
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Ronald A. McDougall        For       For        Management
1.2   Elect Director Douglas H. Brooks          For       For        Management
1.3   Elect Director Dan W. Cook, III           For       For        Management
1.4   Elect Director Robert M. Gates            For       For        Management
1.5   Elect Director Marvin J. Girouard         For       For        Management
1.6   Elect Director Ronald Kirk                For       For        Management
1.7   Elect Director George R. Mrkonic          For       For        Management
1.8   Elect Director Erle Nye                   For       For        Management
1.9   Elect Director James E. Oesterreicher     For       For        Management
1.10  Elect Director Cece Smith                 For       For        Management
1.11  Elect Director Roger T. Staubach          For       For        Management
2     Ratify Auditors                           For       Against    Management
3     Report on the Impact of Genetically       Against   Against    Shareholder
      Engineered Products


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

CELESTICA INC.

Ticker:       CLS.           Security ID:  15101Q108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Robert Crandall, William            For       For        Management
      Etherington, Richard Love, Anthony
      Melman, Gerald Schwartz, Charles Szuluk,
      Don Tapscott as Directors
2     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors


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

CHICO'S FAS, INC.

Ticker:       CHS            Security ID:  168615102
Meeting Date: JUN 22, 2004   Meeting Type: Annual
Record Date:  APR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Helene B. Gralnick        For       For        Management
1.2   Elect  Director Verna K. Gibson           For       For        Management
1.3   Elect  Director Betsy S. Atkins           For       For        Management
1.4   Elect  Director Scott A. Edmonds          For       For        Management
2     Change Range for Size of the Board        For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDMENT AND RESTATEMENT   For       For        Management
      OF THE EMPLOYEE STOCK PURCHASE PLAN,
      INCLUDING AN INCREASE OF 100,000,000
      SHARES AUTHORIZED FOR ISSUANCE UNDER THE
      PLAN AND A 5-YEAR EXTENSION OF THE PLAN,
      AS MORE FULLY SET FORTH IN THE
      ACCOMPANYING PROXY STATEMENT
03    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS CISCO S
      INDEPENDENT AUDITORS FOR THE FISCAL YEAR
      ENDING JULY 31, 2004.
04    PROPOSAL SUBMITTED BY A SHAREHOLDER THAT  Against   Against    Shareholder
      THE BOARD PREPARE A REPORT EACH FISCAL
      YEAR ON CISCO HARDWARE AND SOFTWARE
      PROVIDED TO GOVERNMENT AGENCIES AND
      STATE-OWNED COMMUNICATIONS OR INFORMATION
      TECHNOLOGY ENTITIES IN ANY COUNTRY, AS
      MORE FULLY SET FORTH I
05    PROPOSAL SUBMITTED BY SHAREHOLDERS THAT   Against   Against    Shareholder
      THE BOARD S COMPENSATION COMMITTEE
      PREPARE AND MAKE AVAILABLE BY JANUARY 1,
      2004, A REPORT COMPARING TOTAL
      COMPENSATION OF THE COMPANY S TOP
      EXECUTIVES AND ITS LOWEST PAID WORKERS IN
      THE U.S. AND ABROAD AS OF SPECIF


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

CISCO SYSTEMS, INC.

Ticker:       CSCO           Security ID:  17275R102
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Carol A. Bartz             For       For        Management
1.2   Elect Director Larry R. Carter            For       For        Management
1.3   Elect Director John T. Chambers           For       For        Management
1.4   Elect Director Dr. James F. Gibbons       For       For        Management
1.5   Elect Director Dr. John L. Hennessy       For       For        Management
1.6   Elect Director Roderick C. McGeary        For       For        Management
1.7   Elect Director James C. Morgan            For       For        Management
1.8   Elect Director John P. Morgridge          For       For        Management
1.9   Elect Director Donald T. Valentine        For       For        Management
1.10  Elect Director Steven M. West             For       For        Management
1.11  Elect Director Jerry Yang                 For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       For        Management
4     Report on Company Products Used by the    Against   Against    Shareholder
      Government to Monitor the Internet
5     Report on Pay Disparity                   Against   Against    Shareholder


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

COACH, INC.

Ticker:       COH            Security ID:  189754
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 17, 2003

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


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

COACH, INC.

Ticker:       COH            Security ID:  189754104
Meeting Date: NOV 5, 2003    Meeting Type: Annual
Record Date:  SEP 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Joseph Ellis               For       For        Management
1.2   Elect Director Lew Frankfort              For       For        Management
1.3   Elect Director Sally Frame Kasaks         For       For        Management
1.4   Elect Director Gary Loveman               For       For        Management
1.5   Elect Director Irene Miller               For       For        Management
1.6   Elect Director Keith Monda                For       For        Management
1.7   Elect Director Michael Murphy             For       For        Management


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

COCA-COLA COMPANY, THE

Ticker:       KO             Security ID:  191216100
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Herbert A. Allen          For       For        Management
1.2   Elect  Director Ronald W. Allen           For       For        Management
1.3   Elect  Director Cathleen P. Black         For       For        Management
1.4   Elect  Director Warren E. Buffett         For       For        Management
1.5   Elect  Director Douglas N. Daft           For       For        Management
1.6   Elect  Director Barry Diller              For       For        Management
1.7   Elect  Director Donald R. Keough          For       For        Management
1.8   Elect  Director Susan Bennett King        For       For        Management
1.9   Elect  Director Maria Elena Lagomasino    For       For        Management
1.10  Elect  Director Donald F. Mchenry         For       For        Management
1.11  Elect  Director Robert L. Nardelli        For       For        Management
1.12  Elect  Director Sam Nunn                  For       For        Management
1.13  Elect  Director J. Pedro Reinhard         For       For        Management
1.14  Elect  Director James D. Robinson III     For       For        Management
1.15  Elect  Director Peter V. Ueberroth        For       For        Management
1.16  Elect  Director James B. Williams         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Report on Operational Impact of HIV/AIDS  For       For        Shareholder
      Pandemic
4     Report on Stock Option Distribution by    Against   Against    Shareholder
      Race and Gender
5     Prohibit Awards to Executives             Against   Against    Shareholder
6     Submit Executive Compensation to Vote     Against   Against    Shareholder
7     Submit Executive Compensation to Vote     Against   Against    Shareholder
8     Implement China Principles                Against   Against    Shareholder
9     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

COVENTRY HEALTH CARE INC.

Ticker:       CVH            Security ID:  222862104
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director L. Dale Crandall          For       For        Management
1.2   Elect  Director Robert W. Morey           For       For        Management
1.3   Elect  Director Elizabeth E. Tallett      For       For        Management
1.4   Elect  Director Allen F. Wise             For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management
3     Ratify Auditors                           For       For        Management


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

CYMER, INC.

Ticker:       CYMI           Security ID:  232572107
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles J. Abbe           For       For        Management
1.2   Elect  Director Robert P. Akins           For       For        Management
1.3   Elect  Director Edward H. Braun           For       For        Management
1.4   Elect  Director Michael R. Gaulke         For       For        Management
1.5   Elect  Director William G. Oldham         For       For        Management
1.6   Elect  Director Peter J. Simone           For       For        Management
1.7   Elect  Director Young K. Sohn             For       For        Management
1.8   Elect  Director Jon D. Tompkins           For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       Against    Management


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

CYPRESS SEMICONDUCTOR CORP.

Ticker:       CY             Security ID:  232806109
Meeting Date: APR 19, 2004   Meeting Type: Annual
Record Date:  MAR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director T.J. Rodgers              For       For        Management
1.2   Elect  Director Fred B. Bialek            For       For        Management
1.3   Elect  Director Eric A. Benhamou          For       For        Management
1.4   Elect  Director John C. Lewis             For       For        Management
1.5   Elect  Director Alan F. Shugart           For       For        Management
1.6   Elect  Director James R. Long             For       For        Management
1.7   Elect  Director W. Steve Albrecht         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

DELL COMPUTER CORPORATION

Ticker:       DELL           Security ID:  247025
Meeting Date: JUL 18, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    ELIMINATION OF CLASSIFIED BOARD           For       For        Management
03    CHANGE OF COMPANY NAME TO  DELL INC.      For       For        Management
04    APPROVAL OF EXECUTIVE ANNUAL INCENTIVE    For       For        Management
      BONUS PLAN


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

DENTSPLY INTERNATIONAL, INC.

Ticker:       XRAY           Security ID:  249030107
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:  MAR 25, 2004

#     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 W. Keith Smith            For       For        Management
2     Ratify Auditors                           For       For        Management


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

DICKS SPORTING GOODS INC

Ticker:       DKS            Security ID:  253393102
Meeting Date: JUN 2, 2004    Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Emanuel Chirico           For       For        Management
1.2   Elect  Director Walter Rossi              For       For        Management
2     Increase Authorized Common Stock          For       Against    Management


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

DIEBOLD, INC.

Ticker:       DBD            Security ID:  253651103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Louis V. Bockius III      For       For        Management
1.2   Elect  Director Christopher M. Connor     For       For        Management
1.3   Elect  Director Richard L. Crandall       For       For        Management
1.4   Elect  Director Eric C. Evans             For       For        Management
1.5   Elect  Director Gale S. Fitzgerald        For       For        Management
1.6   Elect  Director Phillip B. Lassiter       For       For        Management
1.7   Elect  Director John N. Lauer             For       For        Management
1.8   Elect  Director William F. Massy          For       For        Management
1.9   Elect  Director Walden W. O'Dell          For       For        Management
1.10  Elect  Director Eric J. Roorda            For       For        Management
1.11  Elect  Director W. R. Timken, Jr.         For       For        Management
1.12  Elect  Director Henry D. G. Wallace       For       For        Management
2     Ratify Auditors                           For       For        Management


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

DST SYSTEMS, INC.

Ticker:       DST            Security ID:  233326107
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  MAR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director A. Edward Allinson        For       For        Management
1.2   Elect  Director Michael G. Fitt           For       For        Management
2     Increase Authorized Common Stock          For       Against    Management


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

DST SYSTEMS, INC.

Ticker:       DST            Security ID:  233326
Meeting Date: NOV 28, 2003   Meeting Type: Special
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    APPROVAL OF THE SHARE EXCHANGE AGREEMENT  For       For        Management
      DATED AUGUST 25, 2003, BY AND AMONG DST
      SYSTEMS, INC., DST OUTPUT MARKETING
      SERVICES, INC. AND JANUS CAPITAL GROUP
      INC. AND THE TRANSACTIONS CONTEMPLATED
      THEREBY.


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

DST SYSTEMS, INC.

Ticker:       DST            Security ID:  233326107
Meeting Date: NOV 28, 2003   Meeting Type: Special
Record Date:  NOV 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization Plan               For       For        Management


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

E.W. SCRIPPS CO. (THE)

Ticker:       SSP            Security ID:  811054204
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  FEB 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David A. Galloway         For       For        Management
1.2   Elect  Director Nicholas B. Paumgarten    For       For        Management
1.3   Elect  Director Ronald W. Tysoe           For       For        Management
1.4   Elect  Director Julie A. Wrigley          For       For        Management


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

ELECTRONIC ARTS INC.

Ticker:       ERTS           Security ID:  285512
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENT TO THE 2000 EQUITY INCENTIVE    For       For        Management
      PLAN
03    AMENDMENT TO THE 2000 EMPLOYEE STOCK      For       For        Management
      PURCHASE PLAN
04    RATIFICATION OF APPOINTMENT OF            For       For        Management
      INDEPENDENT AUDITORS


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

ELECTRONIC ARTS, INC.

Ticker:       ERTS           Security ID:  285512109
Meeting Date: JUL 31, 2003   Meeting Type: Annual
Record Date:  JUN 4, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director M. Richard Asher           For       For        Management
1.2   Elect Director William J. Byron           For       For        Management
1.3   Elect Director Leonard S. Coleman         For       For        Management
1.4   Elect Director Gary M. Kusin              For       For        Management
1.5   Elect Director Gregory B. Maffei          For       For        Management
1.6   Elect Director Timothy Mott               For       For        Management
1.7   Elect Director Lawrence F. Probst III     For       For        Management
1.8   Elect Director Linda J. Srere             For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management


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

ELECTRONICS FOR IMAGING, INC.

Ticker:       EFII           Security ID:  286082102
Meeting Date: JUN 3, 2004    Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gill Cogan                For       For        Management
1.2   Elect  Director Jean-Louis Gassee         For       For        Management
1.3   Elect  Director Guy Gecht                 For       For        Management
1.4   Elect  Director James S. Greene           For       For        Management
1.5   Elect  Director Dan Maydan                For       For        Management
1.6   Elect  Director Fred Rosenzweig           For       For        Management
1.7   Elect  Director Thomas I. Unterberg       For       For        Management
1.8   Elect  Director David Peterschmidt        For       For        Management
2     Approve Omnibus Stock Plan                For       For        Management


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

EMULEX CORP.

Ticker:       ELX            Security ID:  292475209
Meeting Date: NOV 20, 2003   Meeting Type: Annual
Record Date:  OCT 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Fred B. Cox                For       Withhold   Management
1.2   Elect Director Michael P. Downey          For       For        Management
1.3   Elect Director Bruce C. Edwards           For       For        Management
1.4   Elect Director Paul F. Folino             For       For        Management
1.5   Elect Director Robert H. Goon             For       For        Management
1.6   Elect Director Don M. Lyle                For       For        Management
2     Approve Option Exchange Program           For       For        Management
3     Ratify Auditors                           For       For        Management


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

EMULEX CORPORATION

Ticker:       ELX            Security ID:  292475
Meeting Date: NOV 20, 2003   Meeting Type: Annual
Record Date:  OCT 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  FRED B. COX                               For       Withheld   Management
01.2  MICHAEL P. DOWNEY                         For       For        Management
01.3  BRUCE C. EDWARDS                          For       For        Management
01.4  PAUL F. FOLINO                            For       For        Management
01.5  ROBERT H. GOON                            For       For        Management
01.6  DON M. LYLE                               For       For        Management
02    RATIFICATION AND APPROVAL OF THE OPTION   For       For        Management
      EXCHANGE PROPOSAL. PROPOSAL TO RATIFY AND
      APPROVE THE AUTHORIZATION OF AN EXCHANGE
      OF CERTAIN OUTSTANDING EMPLOYEE STOCK
      OPTIONS FOR A SMALLER NUMBER OF STOCK
      OPTIONS WITH A NEW EXERCISE PRICE.
03    RATIFICATION OF SELECTION OF KPMG LLP AS  For       For        Management
      INDEPENDENT AUDITORS.


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

FASTENAL CO.

Ticker:       FAST           Security ID:  311900104
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert A. Kierlin         For       For        Management
1.2   Elect  Director Stephen M. Slaggie        For       For        Management
1.3   Elect  Director Michael M. Gostomski      For       For        Management
1.4   Elect  Director John D. Remick            For       For        Management
1.5   Elect  Director Henry K. McConnon         For       For        Management
1.6   Elect  Director Robert A. Hansen          For       For        Management
1.7   Elect  Director Willard D. Oberton        For       For        Management
1.8   Elect  Director Michael J. Dolan          For       For        Management
1.9   Elect  Director Reyne K. Wisecup          For       For        Management
2     Ratify Auditors                           For       For        Management


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

FMC TECHNOLOGIES, INC.

Ticker:       FTI            Security ID:  30249U101
Meeting Date: APR 21, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Asbjorn Larsen            For       For        Management
1.2   Elect  Director Joseph H. Netherland      For       For        Management
1.3   Elect  Director James R. Thompson         For       For        Management


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

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   For        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


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

GILEAD SCIENCES, INC.

Ticker:       GILD           Security ID:  375558103
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Paul Berg                 For       For        Management
1.2   Elect  Director Etienne F. Davignon       For       For        Management
1.3   Elect  Director James M. Denny            For       For        Management
1.4   Elect  Director John C. Martin            For       For        Management
1.5   Elect  Director Gordon E. Moore           For       For        Management
1.6   Elect  Director Nicholas G. Moore         For       For        Management
1.7   Elect  Director George P. Shultz          For       For        Management
1.8   Elect  Director Gayle E. Wilson           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Increase Authorized Common Stock          For       Against    Management


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

GILLETTE CO., THE

Ticker:       G              Security ID:  375766102
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward F. DeGraan         For       For        Management
1.2   Elect  Director Wilbur H. Gantz           For       For        Management
1.3   Elect  Director James M. Kilts            For       For        Management
1.4   Elect  Director Jorge Paulo Lemann        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Declassify the Board of Directors         Against   For        Shareholder
5     Prohibit Auditor from Providing Non-Audit Against   Against    Shareholder
      Services
6     Expense Stock Options                     Against   For        Shareholder


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

GLAMIS GOLD LTD.

Ticker:       GLG.           Security ID:  376775102
Meeting Date: MAY 6, 2004    Meeting Type: Annual/Special
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Fix Number of Directors                   For       For        Management
2.1   Elect Director A. Dan Rovig               For       For        Management
2.2   Elect Director C. Kevin McArthur          For       For        Management
2.3   Elect Director Kenneth F. Williamson      For       For        Management
2.4   Elect Director Jean Depatie               For       For        Management
2.5   Elect Director A. Ian S. Davidson         For       For        Management
2.6   Elect Director P. Randy Reifel            For       For        Management
3     Approve Auditors and Authorize Board to   For       For        Management
      Fix Remuneration of Auditors
4     Amend Stock Option Plan                   For       For        Management
5     Approve Equity Incentive Plan             For       For        Management


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

HARTE-HANKS, INC.

Ticker:       HHS            Security ID:  416196103
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Larry Franklin            For       For        Management
1.2   Elect  Director William F. Farley         For       For        Management
1.3   Elect  Director William K. Gayden         For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management


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

HEARTLAND EXPRESS, INC.

Ticker:       HTLD           Security ID:  422347104
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 10, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Russell A. Gerdin         For       For        Management
1.2   Elect  Director Richard O. Jacobson       For       For        Management
1.3   Elect  Director Benjamin J. Allen         For       For        Management
1.4   Elect  Director Michael J. Gerdin         For       For        Management
1.5   Elect  Director Lawrence D. Crouse        For       For        Management


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

HENRY SCHEIN, INC.

Ticker:       HSIC           Security ID:  806407102
Meeting Date: MAY 25, 2004   Meeting Type: Annual
Record Date:  APR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Stanley M. Bergman         For       For        Management
1.2   Elect Director Gerald A. Benjamin         For       For        Management
1.3   Elect Director James P. Breslawski        For       For        Management
1.4   Elect Director Mark E. Mlotek             For       For        Management
1.5   Elect Director Steven Paladino            For       For        Management
1.6   Elect Director Barry J. Alperin           For       For        Management
1.7   Elect Director Pamela Joseph              For       For        Management
1.8   Elect Director Donald J. Kabat            For       For        Management
1.9   Elect Director Marvin H. Schein           For       For        Management
1.10  Elect Director Irving Shafran             For       For        Management
1.11  Elect Director Philip A. Laskawy          For       For        Management
1.12  Elect Director Norman S. Matthews         For       For        Management
1.13  Elect Director Louis W. Sullivan          For       For        Management
1.14  Elect Director Margaret A. Hamburg        For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Amend Non-Employee Director Omnibus Stock For       For        Management
      Plan
4     Approve Employee Stock Purchase Plan      For       For        Management
5     Ratify Auditors                           For       For        Management


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

HILB ROGAL & HOBBS CO

Ticker:       HRH            Security ID:  431294107
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director J.S.M. French             For       For        Management
1.2   Elect  Director Robert B. Lockhart        For       Withhold   Management
1.3   Elect  Director Anthony F. Markel         For       For        Management
1.4   Elect  Director Robert S. Ukrop           For       Withhold   Management
2     Change Company Name                       For       For        Management
3     Approve Deferred Compensation Plan        For       For        Management
4     Approve Employee Stock Purchase Plan      For       Against    Management
5     Adjourn Meeting                           For       Against    Management


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

HOME DEPOT, INC. (THE)

Ticker:       HD             Security ID:  437076102
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gregory D. Brenneman      For       For        Management
1.2   Elect  Director Richard H. Brown          For       For        Management
1.3   Elect  Director John L. Clendenin         For       For        Management
1.4   Elect  Director Berry R. Cox              For       For        Management
1.5   Elect  Director Claudio X. Gonzalez       For       For        Management
1.6   Elect  Director Milledge A. Hart, III     For       For        Management
1.7   Elect  Director Bonnie G. Hill            For       For        Management
1.8   Elect  Director Kenneth G. Langone        For       For        Management
1.9   Elect  Director Robert L. Nardelli        For       For        Management
1.10  Elect  Director Roger S. Penske           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Establish Term Limits for Directors       Against   Against    Shareholder
4     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote
5     Performance- Based/Indexed Options        Against   Against    Shareholder
6     Adopt ILO Based Code of Conduct           Against   Against    Shareholder
7     Submit Severance Agreement                Against   For        Shareholder
      (Change-in-Control) to Shareholder Vote
8     Require Affirmative Vote of the Majority  Against   Against    Shareholder
      of the Shares to Elect Directors


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

HORMEL FOODS CORP.

Ticker:       HRL            Security ID:  440452100
Meeting Date: JAN 27, 2004   Meeting Type: Annual
Record Date:  DEC 1, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director John W. Allen, Ph.D.       For       For        Management
1.2   Elect Director John R. Block              For       For        Management
1.3   Elect Director E. Peter Gillette, Jr.     For       For        Management
1.4   Elect Director Luella G. Goldberg         For       For        Management
1.5   Elect Director Joel W. Johnson            For       For        Management
1.6   Elect Director Susan I. Marvin            For       For        Management
1.7   Elect Director Michael J. McCoy           For       For        Management
1.8   Elect Director John L. Morrison           For       For        Management
1.9   Elect Director Dakota A. Pippins          For       For        Management
1.10  Elect Director Gary J. Ray                For       For        Management
1.11  Elect Director John G. Turner             For       For        Management
1.12  Elect Director Robert R. Waller, M.D.     For       For        Management
2     Ratify Auditors                           For       For        Management


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

HOT TOPIC, INC.

Ticker:       HOTT           Security ID:  441339108
Meeting Date: JUN 17, 2004   Meeting Type: Annual
Record Date:  APR 21, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Cynthia Cohen             For       For        Management
1.2   Elect  Director Corrado Federico          For       For        Management
1.3   Elect  Director W. Scott Hedrick          For       For        Management
1.4   Elect  Director Elizabeth McLaughlin      For       For        Management
1.5   Elect  Director Bruce Quinnell            For       For        Management
1.6   Elect  Director Andrew Schuon             For       For        Management
2     Ratify Auditors                           For       For        Management


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

IDEC PHARMACEUTICALS CORPORATION

Ticker:                      Security ID:  449370
Meeting Date: NOV 12, 2003   Meeting Type: Special
Record Date:  SEP 25, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    PROPOSAL TO APPROVE THE ISSUANCE OF       For       For        Management
      SHARES OF IDEC PHARMACEUTICALS
      CORPORATION COMMON STOCK UNDER THE
      AGREEMENT AND PLAN OF MERGER, DATED AS OF
      JUNE 20, 2003, BY AND AMONG IDEC, BRIDGES
      MERGER CORPORATION AND BIOGEN, INC.
02    PROPOSAL TO AMEND IDEC PHARMACEUTICAL     For       For        Management
      CORPORATION S CERTIFICATE OF
      INCORPORATION TO INCREASE THE AUTHORIZED
      SHARES OF COMMON STOCK FROM 500,000,000
      TO 1,000,000,000 AND TO CHANGE THE NAME
      OF THE CORPORATION TO BIOGEN IDEC INC.,
      EFFECTIVE UPON COMPLETION O
03    PROPOSAL TO APPROVE THE 2003 OMNIBUS      For       For        Management
      EQUITY PLAN, EFFECTIVE UPON COMPLETION OF
      THE MERGER.
04    PROPOSAL TO APPROVE THE PERFORMANCE BASED For       For        Management
      MANAGEMENT INCENTIVE PLAN, EFFECTIVE UPON
      COMPLETION OF THE MERGER.
05    PROPOSAL TO ADJOURN THE SPECIAL MEETING,  For       For        Management
      IF NECESSARY, TO SOLICIT ADDITIONAL
      PROXIES IF THERE ARE NOT SUFFICIENT VOTES
      IN FAVOR OF THE FOREGOING PROPOSALS.


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

INTEGRATED DEVICE TECHNOLOGY, INC.

Ticker:       IDTI           Security ID:  458118
Meeting Date: SEP 12, 2003   Meeting Type: Annual
Record Date:  JUL 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    AMENDMENT TO THE COMPANY S 1984 EMPLOYEE  For       For        Management
      STOCK PURCHASE PLAN.
03    RATIFICATION OF SELECTION OF              For       Against    Management
      PRICEWATERHOUSECOOPERS LLP AS THE COMPANY
      S INDEPENDENT ACCOUNTANTS.


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

INTEGRATED DEVICE TECHNOLOGY, INC.

Ticker:       IDTI           Security ID:  458118106
Meeting Date: SEP 12, 2003   Meeting Type: Annual
Record Date:  JUL 21, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Director Gregory S. Lang            For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       Against    Management


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

INTEL CORP.

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Craig R. Barrett          For       For        Management
1.2   Elect  Director Charlene Barshefsky       For       For        Management
1.3   Elect  Director E. John P. Browne         For       For        Management
1.4   Elect  Director Andrew S. Grove           For       For        Management
1.5   Elect  Director D. James Guzy             For       For        Management
1.6   Elect  Director Reed E. Hundt             For       For        Management
1.7   Elect  Director Paul S. Otellini          For       For        Management
1.8   Elect  Director David S. Pottruck         For       For        Management
1.9   Elect  Director Jane E. Shaw              For       For        Management
1.10  Elect  Director John L. Thornton          For       For        Management
1.11  Elect  Director David B. Yoffie           For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Expense Stock Options                     Against   For        Shareholder
5     Limit/Prohibit Awards to Executives       Against   Against    Shareholder
6     Performance- Based/Indexed Options        Against   Against    Shareholder


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

INVESTORS FINANCIAL SERVICES CORP.

Ticker:       IFIN           Security ID:  461915100
Meeting Date: APR 13, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Kevin J. Sheehan          For       For        Management
1.2   Elect  Director James M. Oates            For       For        Management
1.3   Elect  Director Thomas P. McDermott       For       For        Management
2     Increase Authorized Common Stock          For       For        Management
3     Amend Employee Stock Purchase Plan        For       For        Management
4     Ratify Auditors                           For       For        Management


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

JABIL CIRCUIT, INC.

Ticker:       JBL            Security ID:  466313
Meeting Date: JAN 13, 2004   Meeting Type: Annual
Record Date:  NOV 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AMENDMENTS TO THE JABIL        For       For        Management
      CIRCUIT, INC. 2002 STOCK INCENTIVE PLAN
      TO (I) PROVIDE FOR AN INCREASE IN THE
      AGGREGATE SHARES OF COMMON STOCK THAT MAY
      BE SUBJECT TO FUTURE AWARDS FROM
      1,512,705 TO 11,512,705 SHARES, (II)
      PROHIBIT THE REPRICING OF OUTS
03    TO RATIFY THE SELECTION OF KPMG LLP AS    For       For        Management
      INDEPENDENT AUDITORS FOR JABIL.


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

JABIL CIRCUIT, INC.

Ticker:       JBL            Security ID:  466313103
Meeting Date: JAN 13, 2004   Meeting Type: Annual
Record Date:  NOV 14, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William D. Morean          For       For        Management
1.2   Elect Director Thomas A. Sansone          For       For        Management
1.3   Elect Director Timothy L. Main            For       For        Management
1.4   Elect Director Lawrence J. Murphy         For       For        Management
1.5   Elect Director Mel S. Lavitt              For       For        Management
1.6   Elect Director Steven A. Raymund          For       For        Management
1.7   Elect Director Frank A. Newman            For       For        Management
1.8   Elect Director Laurence S. Grafstein      For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

JACOBS ENGINEERING GROUP INC.

Ticker:       JEC            Security ID:  469814107
Meeting Date: FEB 10, 2004   Meeting Type: Annual
Record Date:  JAN 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert C. Davidson, Jr.   For       For        Management
1.2   Elect  Director Edward V. Fritzky         For       For        Management
1.3   Elect  Director Robert B. Gwyn            For       For        Management
1.4   Elect  Director Linda K. Jacobs           For       For        Management
1.5   Elect  Director Benjamin F. Montoya       For       For        Management
2     Ratify Auditors                           For       For        Management


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

JARDEN CORP.

Ticker:       JAH            Security ID:  471109108
Meeting Date: MAY 11, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ian G.H. Ashken           For       For        Management
1.2   Elect  Director Richard L. Molen          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       For        Management


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

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Gerard N. Burrow          For       For        Management
1.2   Elect  Director Mary S. Coleman           For       For        Management
1.3   Elect  Director James G. Cullen           For       For        Management
1.4   Elect  Director Robert J. Darretta        For       For        Management
1.5   Elect  Director M. Judah Folkman          For       For        Management
1.6   Elect  Director Ann D. Jordan             For       For        Management
1.7   Elect  Director Arnold G. Langbo          For       For        Management
1.8   Elect  Director Susan L. Lindquist        For       For        Management
1.9   Elect  Director Leo F. Mullin             For       For        Management
1.10  Elect  Director Steven S Reinemund        For       For        Management
1.11  Elect  Director David Satcher             For       For        Management
1.12  Elect  Director Henry B. Schacht          For       For        Management
1.13  Elect  Director William C. Weldon         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Cease Charitable Contributions            Against   Against    Shareholder


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

K-SWISS INC.

Ticker:       KSWS           Security ID:  482686
Meeting Date: DEC 11, 2003   Meeting Type: Special
Record Date:  NOV 3, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPROVE AMENDMENTS TO ARTICLE V OF THE For       Against    Management
      COMPANY S AMENDED AND RESTATED
      CERTIFICATE OF INCORPORATION TO INCREASE
      THE NUMBER OF SHARES OF CLASS A COMMON
      STOCK WHICH THE COMPANY IS AUTHORIZED TO
      ISSUE FROM 36,000,000 TO 90,000,000 AND
      TO INCREASE THE NUMBE


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

K-SWISS, INC.

Ticker:       KSWS           Security ID:  482686102
Meeting Date: DEC 11, 2003   Meeting Type: Special
Record Date:  NOV 3, 2003

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


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

K-SWISS, INC.

Ticker:       KSWS           Security ID:  482686102
Meeting Date: MAY 6, 2004    Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David Lewin               For       For        Management
1.2   Elect  Director Mark Louie                For       For        Management
2     Ratify Auditors                           For       For        Management


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

KRONOS INC.

Ticker:       KRON           Security ID:  501052104
Meeting Date: FEB 12, 2004   Meeting Type: Annual
Record Date:  DEC 17, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Richard J. Dumler          For       For        Management
1.2   Elect Director Samuel Rubinovitz          For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       For        Management


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

LAM RESEARCH CORP.

Ticker:       LRCX           Security ID:  512807108
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James W. Bagley            For       For        Management
1.2   Elect Director David G. Arscott           For       For        Management
1.3   Elect Director Robert M. Berdahl          For       For        Management
1.4   Elect Director Richard J. Elkus, Jr.      For       For        Management
1.5   Elect Director Jack R. Harris             For       For        Management
1.6   Elect Director Grant M. Inman             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


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

LAM RESEARCH CORPORATION

Ticker:       LRCX           Security ID:  512807
Meeting Date: NOV 6, 2003    Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    PROPOSAL TO APPROVE AMENDMENT OF LAM 1999 For       For        Management
      EMPLOYEE STOCK PURCHASE PLAN.
03    PROPOSAL TO APPROVE THE LAM 2004          For       For        Management
      EXECUTIVE INCENTIVE PLAN.
04    PROPOSAL TO RATIFY THE APPOINTMENT OF     For       For        Management
      ERNST & YOUNG LLP AS THE INDEPENDENT
      AUDITORS OF THE COMPANY FOR THE FISCAL
      YEAR 2004.


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

LEAR CORPORATION

Ticker:       LEA            Security ID:  521865105
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 19, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Larry W. McCurdy          For       For        Management
1.2   Elect  Director Roy E. Parrott            For       For        Management
1.3   Elect  Director Richard F. Wallman        For       For        Management
2     Ratify Auditors                           For       For        Management
3     Submit Shareholder Rights Plan (Poison    Against   For        Shareholder
      Pill) to Shareholder Vote


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

LINCOLN NATIONAL CORP.

Ticker:       LNC            Security ID:  534187109
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  FEB 20, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William J. Avery          For       For        Management
1.2   Elect  Director Jon A. Boscia             For       For        Management
1.3   Elect  Director Eric G. Johnson           For       For        Management
1.4   Elect  Director Glenn F. Tilton           For       For        Management
2     Approve Deferred Compensation Plan        For       For        Management


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

MANPOWER INC.

Ticker:       MAN            Security ID:  56418H100
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Stephanie A. Burns        For       For        Management
1.2   Elect  Director Willie D. Davis           For       For        Management
1.3   Elect  Director Jack M. Greenberg         For       For        Management
1.4   Elect  Director Terry A. Hueneke          For       For        Management
2     Ratify Auditors                           For       For        Management


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

MARVEL ENTERPRISES, INC.

Ticker:       MVL            Security ID:  57383M108
Meeting Date: MAY 5, 2004    Meeting Type: Annual
Record Date:  MAR 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Morton E. Handel          For       For        Management
1.2   Elect  Director F. Peter Cuneo            For       For        Management
1.3   Elect  Director Isaac Perlmutter          For       For        Management
2     Amend Articles/Bylaws/Charter-Non-Routine For       For        Management
3     Amend Omnibus Stock Plan                  For       Against    Management
4     Ratify Auditors                           For       For        Management


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

MEDICIS PHARMACEUTICAL CORP.

Ticker:       MRX            Security ID:  584690309
Meeting Date: NOV 19, 2003   Meeting Type: Annual
Record Date:  OCT 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Arthur G. Altschul, Jr.    For       For        Management
1.2   Elect Director Philip S. Schein, M.D.     For       For        Management
2     Increase Authorized Common Stock          For       Against    Management
3     Ratify Auditors                           For       Against    Management


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

MEDICIS PHARMACEUTICAL CORPORATION

Ticker:       MRX            Security ID:  584690
Meeting Date: NOV 19, 2003   Meeting Type: Annual
Record Date:  OCT 10, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO APPROVE AN AMENDED AND RESTATED        For       Against    Management
      CERTIFICATE OF INCORPORATION THAT
      INCREASES THE NUMBER OF AUTHORIZED SHARES
      OF CLASS A COMMON STOCK FROM 50,000,000
      SHARES TO 150,000,000 SHARES.
03    TO RATIFY THE APPOINTMENT OF ERNST &      For       Against    Management
      YOUNG LLP AS INDEPENDENT AUDITORS.


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

MERCK & CO., INC.

Ticker:       MRK            Security ID:  589331107
Meeting Date: APR 27, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Peter C. Wendell          For       For        Management
1.2   Elect  Director William G. Bowen          For       For        Management
1.3   Elect  Director William M. Daley          For       For        Management
1.4   Elect  Director Thomas E. Shenk           For       For        Management
1.5   Elect  Director Wendell P. Weeks          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Declassify the Board of Directors         For       For        Management
4     Prohibit Awards to Executives             Against   Against    Shareholder
5     Develop Ethical Criteria for Patent       Against   Against    Shareholder
      Extension
6     Link Executive Compensation to Social     Against   Against    Shareholder
      Issues
7     Report on Political Contributions         Against   Against    Shareholder
8     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic


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

MERCURY INTERACTIVE CORP.

Ticker:       MERQ           Security ID:  589405109
Meeting Date: DEC 10, 2003   Meeting Type: Special
Record Date:  OCT 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Stock Option Plan                   For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management


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

MERCURY INTERACTIVE CORP.

Ticker:       MERQ           Security ID:  589405109
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Amnon Landan              For       For        Management
1.2   Elect  Director Igal Kohavi               For       For        Management
1.3   Elect  Director Clyde Ostler              For       For        Management
1.4   Elect  Director Yair Shamir               For       For        Management
1.5   Elect  Director Giora Yaron               For       For        Management
1.6   Elect  Director Anthony Zingale           For       For        Management
2     Increase Authorized Common Stock          For       Against    Management
3     Ratify Auditors                           For       For        Management


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

MERCURY INTERACTIVE CORPORATION

Ticker:       MERQ           Security ID:  589405
Meeting Date: DEC 10, 2003   Meeting Type: Special
Record Date:  OCT 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    RATIFY AND APPROVE THE AMENDMENT TO THE   For       For        Management
      AMENDED AND RESTATED 1999 STOCK OPTION
      PLAN TO INCREASE THE NUMBER OF SHARES
      RESERVED FOR ISSUANCE BY AN ADDITIONAL
      3,000,000 SHARES.
02    RATIFY AND APPROVE THE AMENDMENT TO THE   For       For        Management
      1998 EMPLOYEE STOCK PURCHASE PLAN TO
      INCREASE THE NUMBER OF SHARES RESERVED
      FOR ISSUANCE BY AN ADDITIONAL 5,000,000
      SHARES.


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

MEREDITH CORP.

Ticker:       MDP            Security ID:  589433101
Meeting Date: NOV 10, 2003   Meeting Type: Annual
Record Date:  SEP 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Herbert M. Baum            For       For        Management
1.2   Elect Director Frederick B. Henry         For       For        Management
1.3   Elect Director William T. Kerr            For       For        Management
1.4   Elect Director Nicholas L. Reding         For       For        Management
2     Amend Director & Officer                  For       For        Management
      Indemnification/Liability Provisions


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

MEREDITH CORPORATION

Ticker:       MDP            Security ID:  589433
Meeting Date: NOV 10, 2003   Meeting Type: Annual
Record Date:  SEP 11, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    TO ADOPT AMENDMENTS TO THE RESTATED       For       For        Management
      ARTICLES OF INCORPORATION RELATING TO
      LIMITATION OF LIABILITY OF DIRECTORS FOR
      MONETARY DAMAGES AND INDEMNIFICATION OF
      DIRECTORS AS PERMITTED UNDER THE RECENTLY
      AMENDED IOWA BUSINESS CORPORATION ACT.


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

MERRILL LYNCH & CO., INC.

Ticker:       MER            Security ID:  590188108
Meeting Date: APR 23, 2004   Meeting Type: Annual
Record Date:  FEB 24, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director David K. Newbigging       For       For        Management
1.2   Elect  Director Joseph W. Prueher         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Restore or Provide for Cumulative Voting  Against   For        Shareholder
4     Separate Chairman and CEO Positions       Against   Against    Shareholder


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

MICREL, INC.

Ticker:       MCRL           Security ID:  594793101
Meeting Date: MAY 27, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Raymond D. Zinn           For       For        Management
1.2   Elect  Director Warren H. Muller          For       For        Management
1.3   Elect  Director Larry L. Hansen           For       For        Management
1.4   Elect  Director George Kelly              For       For        Management
1.5   Elect  Director Donald Livingstone        For       For        Management
2     Ratify Auditors                           For       For        Management


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

MICROSOFT CORP.

Ticker:       MSFT           Security ID:  594918104
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director William H. Gates, III      For       For        Management
1.2   Elect Director Steven A. Ballmer          For       For        Management
1.3   Elect Director James I. Cash, Jr., Ph.D.  For       For        Management
1.4   Elect Director Raymond V. Gilmartin       For       For        Management
1.5   Elect Director Ann McLaughlin Korologos   For       For        Management
1.6   Elect Director David F. Marquardt         For       For        Management
1.7   Elect Director Charles H. Noski           For       For        Management
1.8   Elect Director Dr. Helmut Panke           For       For        Management
1.9   Elect Director Wm. G. Reed, Jr.           For       For        Management
1.10  Elect Director Jon A. Shirley             For       Withhold   Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Amend Non-Employee Director Stock Option  For       For        Management
      Plan
4     Refrain from Giving Charitable            Against   Against    Shareholder
      Contributions


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

MICROSOFT CORPORATION

Ticker:       MSFT           Security ID:  594918
Meeting Date: NOV 11, 2003   Meeting Type: Annual
Record Date:  SEP 12, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For                  Management
01.1  WILLIAM H. GATES III                      For       For        Management
01.2  STEVEN A. BALLMER                         For       For        Management
01.3  JAMES I. CASH JR.                         For       For        Management
01.4  RAYMOND V. GILMARTIN                      For       For        Management
01.5  A. MCLAUGHLIN KOROLOGOS                   For       For        Management
01.6  DAVID F. MARQUARDT                        For       For        Management
01.7  CHARLES H. NOSKI                          For       For        Management
01.8  HELMUT PANKE                              For       For        Management
01.9  WM. G. REED JR.                           For       For        Management
01.10 JON A. SHIRLEY                            For       Withheld   Management
02    ADOPTION OF THE AMENDMENTS TO THE 2001    For       For        Management
      STOCK PLAN
03    ADOPTION OF THE AMENDMENTS TO THE 1999    For       For        Management
      STOCK OPTION PLAN FOR NON-EMPLOYEE
      DIRECTORS
04    SHAREHOLDER PROPOSAL (THE BOARD           Against   Against    Shareholder
      RECOMMENDS A VOTE  AGAINST THIS PROPOSAL)


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

MOTOROLA, INC.

Ticker:       MOT            Security ID:  620076109
Meeting Date: MAY 3, 2004    Meeting Type: Annual
Record Date:  MAR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Edward Zander             For       For        Management
1.2   Elect  Director H. Laurence Fuller        For       For        Management
1.3   Elect  Director Judy Lewent               For       For        Management
1.4   Elect  Director Walter Massey             For       For        Management
1.5   Elect  Director Nicholas Negroponte       For       For        Management
1.6   Elect  Director Indra Nooyi               For       For        Management
1.7   Elect  Director John Pepper, Jr.          For       For        Management
1.8   Elect  Director Samuel Scott III          For       For        Management
1.9   Elect  Director Douglas Warner III        For       For        Management
1.10  Elect  Director John White                For       For        Management
1.11  Elect  Director Mike Zafirovski           For       For        Management
2     Limit Executive Compensation              Against   Against    Shareholder
3     Limit Awards to Executives                Against   Against    Shareholder


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

MURPHY OIL CORP.

Ticker:       MUR            Security ID:  626717102
Meeting Date: MAY 12, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Frank W. Blue             For       For        Management
1.2   Elect  Director George S. Dembroski       For       For        Management
1.3   Elect  Director Claiborne P. Deming       For       For        Management
1.4   Elect  Director Robert A. Hermes          For       For        Management
1.5   Elect  Director R. Madison Murphy         For       For        Management
1.6   Elect  Director William C. Nolan, Jr.     For       For        Management
1.7   Elect  Director Ivar B. Ramberg           For       For        Management
1.8   Elect  Director David J. H. Smith         For       For        Management
1.9   Elect  Director Caroline G. Theus         For       For        Management
2     Ratify Auditors                           For       For        Management


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

MYLAN LABORATORIES INC.

Ticker:       MYL            Security ID:  628530
Meeting Date: JUL 25, 2003   Meeting Type: Annual
Record Date:  MAY 23, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    DIRECTOR                                  For       For        Management
02    APPROVE AN INCREASE IN THE NUMBER OF      For       For        Management
      AUTHORIZED SHARES OF THE COMPANY S COMMON
      STOCK TO 600,000,000 SHARES.
03    ADOPT THE MYLAN LABORATORIES INC. 2003    For       For        Management
      LONG-TERM INCENTIVE PLAN.


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

NABORS INDUSTRIES, LTD.

Ticker:       NBR            Security ID:  G6359F103
Meeting Date: JUN 1, 2004    Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James L. Payne            For       For        Management
1.2   Elect  Director Hans W. Schmidt           For       For        Management
2     Ratify Auditors                           For       For        Management
3     SHAREHOLDER PROPOSAL TO CHANGE NABORS     Against   Against    Management
      JURISDICTION OF INCORPORATION FROM
      BERMUDA TO DELAWARE.


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

NEW YORK COMMUNITY BANCORP, INC.

Ticker:       NYB            Security ID:  649445103
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Donald M. Blake           For       For        Management
1.2   Elect  Director Thomas A. Doherty         For       For        Management
1.3   Elect  Director Michael J. Levine         For       For        Management
1.4   Elect  Director Guy V. Molinari           For       For        Management
1.5   Elect  Director John A. Pileski           For       For        Management
1.6   Elect  Director John M. Tsimbinos         For       For        Management
2     Ratify Auditors                           For       For        Management


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

NPS PHARMACEUTICALS, INC.

Ticker:       NPSP           Security ID:  62936P103
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 6, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Santo J. Costa            For       For        Management
1.2   Elect  Director John R. Evans             For       For        Management
1.3   Elect  Director James G. Groninger        For       For        Management
1.4   Elect  Director Hunter Jackson            For       For        Management
1.5   Elect  Director Joseph Klein III          For       For        Management
1.6   Elect  Director Donald E. Kuhla           For       For        Management
1.7   Elect  Director Thomas N. Parks           For       For        Management
1.8   Elect  Director Calvin R. Stiller         For       For        Management
1.9   Elect  Director Peter G. Tombros          For       For        Management
2     Ratify Auditors                           For       For        Management


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

PACIFIC SUNWEAR OF CALIFORNIA, INC.

Ticker:       PSUN           Security ID:  694873100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  APR 5, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Sally Frame Kasaks        For       For        Management
1.2   Elect  Director Peter Starrett            For       For        Management
1.3   Elect  Director Thomas M. Murnane         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


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

PETSMART

Ticker:       PETM           Security ID:  716768106
Meeting Date: JUN 10, 2004   Meeting Type: Annual
Record Date:  APR 12, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Barbara A. Munder         For       For        Management
1.2   Elect  Director Thomas G. Stemberg        For       For        Management
1.3   Elect  Director Nancy J. Pedot            For       For        Management
1.4   Elect  Director Jeffery W. Yabuki         For       For        Management
1.5   Elect  Director Rita V. Foley             For       For        Management
2     Ratify Auditors                           For       For        Management


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

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Michael S. Brown          For       For        Management
1.2   Elect  Director M. Anthony Burns          For       For        Management
1.3   Elect  Director Robert N. Burt            For       For        Management
1.4   Elect  Director W. Don Cornwell           For       For        Management
1.5   Elect  Director William H. Gray III       For       For        Management
1.6   Elect  Director Constance J. Horner       For       For        Management
1.7   Elect  Director William R. Howell         For       For        Management
1.8   Elect  Director Stanley O. Ikenberry      For       For        Management
1.9   Elect  Director George A. Lorch           For       For        Management
1.10  Elect  Director Henry A. Mckinnell        For       For        Management
1.11  Elect  Director Dana G. Mead              For       For        Management
1.12  Elect  Director Franklin D. Raines        For       For        Management
1.13  Elect  Director Ruth J. Simmons           For       For        Management
1.14  Elect  Director William C. Steere, Jr.    For       For        Management
1.15  Elect  Director Jean-Paul Valles          For       For        Management
2     Ratify Auditors                           For       For        Management
3     Approve Omnibus Stock Plan                For       For        Management
4     Report on Operational Impact of HIV/AIDS, Against   Against    Shareholder
      TB, and Malaria Pandemic
5     Cease Political Contributions/Activities  Against   Against    Shareholder
6     Report on Political                       Against   Against    Shareholder
      Contributions/Activities
7     Establish Term Limits for Directors       Against   Against    Shareholder
8     Report on Drug Pricing                    Against   Against    Shareholder
9     Limit Awards to Executives                Against   Against    Shareholder
10    Amend Animal Testing Policy               Against   Against    Shareholder


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

PROVIDIAN FINANCIAL CORP.

Ticker:       PVN            Security ID:  74406A102
Meeting Date: MAY 13, 2004   Meeting Type: Annual
Record Date:  MAR 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John L. Douglas           For       For        Management
1.2   Elect  Director J. David Grissom          For       For        Management
1.3   Elect  Director Robert J. Higgins         For       For        Management
1.4   Elect  Director Francesca Ruiz de         For       For        Management
      Luzuriaga
2     Ratify Auditors                           For       For        Management


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

QUEST SOFTWARE, INC.

Ticker:       QSFT           Security ID:  74834T103
Meeting Date: JUN 9, 2004    Meeting Type: Annual
Record Date:  MAY 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Vicent C. Smith           For       For        Management
1.2   Elect  Director Doran G. Machin           For       For        Management
1.3   Elect  Director Jerry Murdock, Jr.        For       For        Management
1.4   Elect  Director Raymond J. Lane           For       For        Management
1.5   Elect  Director Augustine L. Nieto II     For       For        Management
1.6   Elect  Director Kevin M. Klausmeyer       For       For        Management
2     Amend Stock Option Plan                   For       Against    Management
3     Approve Increase in Size of Board         For       For        Management
4     Ratify Auditors                           For       For        Management


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

RESMED INC.

Ticker:       RMD            Security ID:  761152
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    TO APPROVE THE 2003 EMPLOYEE STOCK        For       Against    Management
      PURCHASE PLAN, UNDER WHICH AN AGGREGATE
      OF 3,250,000 SHARES WOULD BE AVAILABLE
      FOR ISSUANCE.
03    TO APPROVE AN INCREASE IN THE MAXIMUM     For       Against    Management
      AGGREGATE AMOUNT OF DIRECTORS  FEES THAT
      MAY BE PAID IN ANY FISCAL YEAR TO ALL
      NON-EXECUTIVE DIRECTORS, AS A GROUP, FROM
      CURRENT PAYMENTS OF $50,000 TO A MAXIMUM
      AGGREGATE AMOUNT NOT TO EXCEED $400,000
      DURING ANY FISC
04    TO RATIFY THE SELECTION OF KPMG LLP AS    For       For        Management
      OUR INDEPENDENT AUDITORS TO EXAMINE OUR
      CONSOLIDATED FINANCIAL STATEMENTS FOR THE
      FISCAL YEAR ENDING JUNE 30, 2004.


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

RESMED, INC.

Ticker:       RMD            Security ID:  761152107
Meeting Date: NOV 13, 2003   Meeting Type: Annual
Record Date:  SEP 15, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director Peter C. Farrell, Ph.D.    For       For        Management
1.2   Elect Director Gary W. Pace, Ph.D.        For       For        Management
2     Approve Employee Stock Purchase Plan      For       Against    Management
3     Approve Increase in Non-Executive         For       Against    Management
      Director Fees
4     Ratify Auditors                           For       For        Management


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

SELECT MEDICAL CORP.

Ticker:       SEM            Security ID:  816196109
Meeting Date: MAY 10, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Russell L. Carson         For       For        Management
1.2   Elect  Director Rocco A. Ortenzio         For       For        Management
1.3   Elect  Director Leopold Swergold          For       For        Management
2     Ratify Auditors                           For       For        Management


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

SIEBEL SYSTEMS, INC.

Ticker:       SEBL           Security ID:  826170102
Meeting Date: JUN 23, 2004   Meeting Type: Annual
Record Date:  APR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director C. Scott Hartz            For       For        Management
1.2   Elect  Director Charles R. Schwab         For       For        Management
1.3   Elect  Director George T. Shaheen         For       For        Management
1.4   Elect  Director John W. White             For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Abstain   For        Shareholder


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

SIERRA HEALTH SERVICES, INC.

Ticker:       SIE            Security ID:  826322109
Meeting Date: MAY 20, 2004   Meeting Type: Annual
Record Date:  APR 1, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Albert L. Greene          For       For        Management
1.2   Elect  Director Erin E. MacDonald         For       For        Management
1.3   Elect  Director William J. Raggio         For       For        Management
1.4   Elect  Director Charles L. Ruthe          For       For        Management
2     Amend Employee Stock Purchase Plan        For       For        Management
3     Ratify Auditors                           For       For        Management


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

SKYWEST, INC.

Ticker:       SKYW           Security ID:  830879102
Meeting Date: MAY 4, 2004    Meeting Type: Annual
Record Date:  MAR 31, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Jerry C. Atkin            For       For        Management
1.2   Elect  Director J. Ralph Atkin            For       For        Management
1.3   Elect  Director Steven F. Udvar-Hazy      For       For        Management
1.4   Elect  Director Ian M. Cumming            For       For        Management
1.5   Elect  Director W. Steve Albrecht         For       For        Management
1.6   Elect  Director Mervyn K. Cox             For       For        Management
1.7   Elect  Director Sidney J. Atkin           For       For        Management
1.8   Elect  Director Hyrum W. Smith            For       For        Management
1.9   Elect  Director Robert G. Sarver          For       For        Management
2     Ratify Auditors                           For       For        Management


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

SMITH INTERNATIONAL, INC.

Ticker:       SII            Security ID:  832110100
Meeting Date: APR 20, 2004   Meeting Type: Annual
Record Date:  FEB 27, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect Director James R. Gibbs             For       For        Management
1.2   Elect Director Jerry W. Neely             For       For        Management
2     Ratify Auditors                           For       For        Management


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

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


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

STATION CASINOS, INC.

Ticker:       STN            Security ID:  857689103
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Lorenzo J. Fertitta       For       For        Management
1.2   Elect  Director Blake L. Sartini          For       For        Management
1.3   Elect  Director James E. Nave, D.V.M.     For       For        Management
2     Approve Executive Incentive Bonus Plan    For       For        Management
3     Ratify Auditors                           For       For        Management
4     Other Business                            For       For        Management


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

SYNOPSYS, INC.

Ticker:       SNPS           Security ID:  871607107
Meeting Date: MAY 26, 2004   Meeting Type: Annual
Record Date:  APR 7, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Aart J. de Geus           For       For        Management
1.2   Elect  Director Andy D. Bryant            For       For        Management
1.3   Elect  Director Chi-Foon Chan             For       For        Management
1.4   Elect  Director Bruce R. Chizen           For       For        Management
1.5   Elect  Director Deborah A. Coleman        For       For        Management
1.6   Elect  Director A. Richard Newton         For       For        Management
1.7   Elect  Director Sasson Somekh             For       For        Management
1.8   Elect  Director Roy Vallee                For       For        Management
1.9   Elect  Director Steven C. Walske          For       For        Management
2     Amend Non-Employee Director Stock Option  For       Against    Management
      Plan
3     Ratify Auditors                           For       For        Management


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

TEKELEC

Ticker:       TKLC           Security ID:  879101103
Meeting Date: MAY 14, 2004   Meeting Type: Annual
Record Date:  MAR 22, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert V. Adams           For       For        Management
1.2   Elect  Director Jean-Claude Asscher       For       For        Management
1.3   Elect  Director Daniel L. Brenner         For       For        Management
1.4   Elect  Director Martin A. Kaplan          For       For        Management
1.5   Elect  Director Frederick M. Lax          For       For        Management
1.6   Elect  Director Jon F. Rager              For       For        Management
2     Amend Stock Option Plan                   For       Against    Management
3     Amend Omnibus Stock Plan                  For       Against    Management
4     Amend Non-Employee Director Stock Option  For       Against    Management
      Plan
5     Ratify Auditors                           For       For        Management


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

TEXAS INSTRUMENTS INC.

Ticker:       TXN            Security ID:  882508104
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  FEB 17, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James R. Adams            For       For        Management
1.2   Elect  Director David L. Boren            For       For        Management
1.3   Elect  Director Daniel A. Carp            For       For        Management
1.4   Elect  Director Thomas J. Engibous        For       For        Management
1.5   Elect  Director Gerald W. Fronterhouse    For       For        Management
1.6   Elect  Director David R. Goode            For       For        Management
1.7   Elect  Director Wayne R. Sanders          For       For        Management
1.8   Elect  Director Ruth J. Simmons           For       For        Management
1.9   Elect  Director Richard K. Templeton      For       For        Management
1.10  Elect  Director Christine Todd Whitman    For       For        Management
2     Ratify Auditors                           For       For        Management
3     Expense Stock Options                     Against   For        Shareholder


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

THERMO ELECTRON CORP.

Ticker:       TMO            Security ID:  883556102
Meeting Date: MAY 18, 2004   Meeting Type: Annual
Record Date:  MAR 26, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Marijn E. Dekkers         For       For        Management
1.2   Elect  Director Robert A. McCabe          For       For        Management
1.3   Elect  Director Robert W. O'Leary         For       For        Management
2     Ratify Auditors                           For       For        Management
3     Limit Awards to Executives                Against   Against    Shareholder


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

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


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

TRACTOR SUPPLY CO.

Ticker:       TSCO           Security ID:  892356106
Meeting Date: APR 15, 2004   Meeting Type: Annual
Record Date:  MAR 2, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director James F. Wright           For       For        Management
1.2   Elect  Director Gerard E. Jones           For       For        Management
1.3   Elect  Director Edna K. Morris            For       For        Management
2     Ratify Auditors                           For       Against    Management
3     Approve Executive Incentive Bonus Plan    For       For        Management


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

UNIVERSAL HEALTH SERVICES, INC.

Ticker:       UHS            Security ID:  913903100
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  APR 8, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Robert H. Hotz            For       For        Management
2     Amend Restricted Stock Plan               For       For        Management


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

VALSPAR CORP., THE

Ticker:       VAL            Security ID:  920355104
Meeting Date: FEB 25, 2004   Meeting Type: Annual
Record Date:  DEC 31, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Charles W. Gaillard       For       For        Management
1.2   Elect  Director Mae C. Jemison            For       For        Management
1.3   Elect  Director Gregory R. Palen          For       For        Management
1.4   Elect  Director Lawrence Perlman          For       For        Management
2     Approve/Amend Executive Incentive Bonus   For       For        Management
      Plan
3     Ratify Auditors                           For       For        Management


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

WALT DISNEY COMPANY, THE

Ticker:       DIS            Security ID:  254687106
Meeting Date: MAR 3, 2004    Meeting Type: Annual
Record Date:  JAN 16, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director John E. Bryson            For       For        Management
1.2   Elect  Director John S. Chen              For       For        Management
1.3   Elect  Director Michael D. Eisner         For       For        Management
1.4   Elect  Director Judith L. Estrin          For       For        Management
1.5   Elect  Director Robert A. Iger            For       For        Management
1.6   Elect  Director Aylwin B. Lewis           For       For        Management
1.7   Elect  Director Monica C. Lozano          For       For        Management
1.8   Elect  Director Robert W. Matschullat     For       For        Management
1.9   Elect  Director George J. Mitchell        For       For        Management
1.10  Elect  Director Leo J. O'Donovan, S.J.    For       For        Management
1.11  Elect  Director Gary L. Wilson            For       For        Management
2     Ratify Auditors                           For       For        Management
3     China Principles                          Against   Against    Shareholder
4     Report on Supplier Labor Standards in     Against   Against    Shareholder
      China
5     Report on Amusement Park Safety           Against   Against    Shareholder


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

WESTAMERICA BANCORPORATION

Ticker:       WABC           Security ID:  957090103
Meeting Date: APR 22, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Etta Allen                For       For        Management
1.2   Elect  Director Louis Bartolini           For       For        Management
1.3   Elect  Director E. Joseph Bowler          For       For        Management
1.4   Elect  Director Arthur Latno, Jr.         For       For        Management
1.5   Elect  Director Patrick Lynch             For       For        Management
1.6   Elect  Director Catherine MacMillan       For       For        Management
1.7   Elect  Director Ronald Nelson             For       For        Management
1.8   Elect  Director Carl Otto                 For       For        Management
1.9   Elect  Director David Payne               For       For        Management
1.10  Elect  Director Edward Sylvester          For       For        Management
2     Ratify Auditors                           For       For        Management


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

WILLIAMS-SONOMA, INC.

Ticker:       WSM            Security ID:  969904101
Meeting Date: MAY 19, 2004   Meeting Type: Annual
Record Date:  MAR 29, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director W. Howard Lester          For       For        Management
1.2   Elect  Director Edward A. Mueller         For       For        Management
1.3   Elect  Director Sanjiv Ahuja              For       For        Management
1.4   Elect  Director Adrian D.P. Bellamy       For       For        Management
1.5   Elect  Director Patrick J. Connolly       For       For        Management
1.6   Elect  Director Jeanne P. Jackson         For       For        Management
1.7   Elect  Director Michael R. Lynch          For       For        Management
1.8   Elect  Director Richard T. Robertson      For       For        Management
2     Amend Stock Option Plan                   For       For        Management
3     Ratify Auditors                           For       For        Management


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

WILLIS GROUP HOLDINGS LTD

Ticker:       WSH            Security ID:  G96655108
Meeting Date: MAY 7, 2004    Meeting Type: Annual
Record Date:  MAR 9, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director William W. Bradley        For       Did Not    Management
                                                          Vote
1.2   Elect  Director Joseph A. Califano, Jr.   For       Did Not    Management
                                                          Vote
1.3   Elect  Director James R. Fisher           For       Did Not    Management
                                                          Vote
1.4   Elect  Director Perry Golkin              For       Did Not    Management
                                                          Vote
1.5   Elect  Director Paul M. Hazen             For       Did Not    Management
                                                          Vote
1.6   Elect  Director Wendy E. Lane             For       Did Not    Management
                                                          Vote
1.7   Elect  Director James F. Mccann           For       Did Not    Management
                                                          Vote
1.8   Elect  Director Scott C. Nuttall          For       Did Not    Management
                                                          Vote
1.9   Elect  Director Joseph J. Plumeri         For       Did Not    Management
                                                          Vote
1.10  Elect  Director Douglas B. Roberts        For       Did Not    Management
                                                          Vote
2     Ratify Auditors                           For       Did Not    Management
                                                          Vote


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

WM. WRIGLEY JR. CO.

Ticker:       WWY            Security ID:  982526105
Meeting Date: MAR 9, 2004    Meeting Type: Annual
Record Date:  JAN 15, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Thomas A. Knowlton        For       For        Management
1.2   Elect  Director Steven B. Sample          For       For        Management
1.3   Elect  Director Alex Shumate              For       For        Management
2     Amend Omnibus Stock Plan                  For       For        Management
3     Ratify Auditors                           For       For        Management


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

ZIONS BANCORPORATION

Ticker:       ZION           Security ID:  989701107
Meeting Date: APR 30, 2004   Meeting Type: Annual
Record Date:  FEB 23, 2004

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Roger B. Porter           For       For        Management
1.2   Elect  Director L. E. Simmons             For       For        Management
1.3   Elect  Director Steven C. Wheelwright     For       For        Management
2     Ratify Auditors                           For       For        Management
3     Other Business                            For       For        Management


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

ZORAN CORPORATION

Ticker:       ZRAN           Security ID:  98975F
Meeting Date: AUG 8, 2003    Meeting Type: Annual
Record Date:  JUN 30, 2003

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
01    TO APPROVE THE ISSUANCE OF SHARES OF      For       For        Management
      ZORAN COMMON STOCK IN CONNECTION WITH THE
      MERGER OF OAK TECHNOLOGY, INC. WITH AND
      INTO A WHOLLY-OWNED SUBSIDIARY OF ZORAN.
02    DIRECTOR                                  For       For        Management
03    TO APPROVE AN AMENDMENT TO ZORAN S        For       For        Management
      CERTIFICATE OF INCORPORATION TO INCREASE
      THE NUMBER OF AUTHORIZED SHARES OF ZORAN
      COMMON STOCK FROM 55,000,000 TO
      105,000,000.
04    TO APPROVE AN AMENDMENT TO THE ZORAN 1995 For       For        Management
      EMPLOYEE STOCK PURCHASE PLAN TO INCREASE
      THE NUMBER OF SHARES OF ZORAN COMMON
      STOCK AUTHORIZED FOR ISSUANCE THEREUNDER
      FROM 900,000 SHARES TO 1,475,000 SHARES.
05    TO RATIFY THE APPOINTMENT OF              For       For        Management
      PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT
      ACCOUNTANTS OF THE COMPANY FOR THE FISCAL
      YEAR ENDING DECEMBER 31, 2003.

========== 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.

SMITH BARNEY INVESTMENT SERIES

By:

/s/ R. Jay Gerken

R. Jay Gerken

Chairman, President and Chief Executive Officer of

Smith Barney Investment Series

Date: August 26, 2004