Concorde Value Fund

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 811-05339

CONCORDE FUNDS, INC.

(Exact name of registrant as specified in charter)

5430 LBJ Freeway, Suite 1500,

Dallas, TX 75240-2675

(Address of principal executive offices) (Zip code)

Gary B. Wood,

5430 LBJ Freeway, Suite 1500,

Dallas, TX 75240-2675

(Name and address of agent for service)

Registrant’s telephone number, including area code: (972) 404-1500

Date of fiscal year end: September 30

Date of reporting period: June 30, 2004

Item 1. Proxy Voting Record.


Name of Fund:(1)	Concorde Value Fund
Period:	July 1, 2003 through June 30, 2004


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Tenet Healthcare Corporation	7/23/2003	88033G100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
		1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For	For	2. Proposal to approve the amended and restated articles of incorporation	Issuer

For	For	3. Proposal to ratify selection of independent auditor	Issuer

Against	Against	4. Independence of Board of Directors	Shareholder






Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Oracle Corporation	10/13/2003	68389X105


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10

For	For	2. Adoption of the Fiscal Year 2004 Executive Bonus Plan	Issuer

For	For	3. Ratify appointment of Independent Auditor	Issuer

For	For	4. Approval of Amended and Restated 1993 Directors' Stock Plan	Issuer

Against	Against	5. Adopt "China Business Principals for Rights of Workers in China"	Issuer



Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Tyco International, Inc.	3/25/2004	902124106


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10
For		Director 11

For	For	2. Appointment of Independent Auditors and authorization for Audit Committee to set the auditor's remuneration	Issuer

For	For	3. Adoption of Amended and Restated By-Laws	Issuer

For	For	4. Approval of Tyco 2004 Stock and Incentive Plan	Issuer

For	For	5. Proposal regarding environmental reporting	Shareholder

Against	Against	6. Change Tyco's Jurisdiction of Incorporation from Bermuda to a USA state	Shareholder

Against	Against	7. Proposal on "Common Sense" Executive Compensation	Shareholder




Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Merck & Co., Inc.	4/27/2004	589331107


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
		Not Voted - shares sold prior to meeting date







Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Lehman Brothers Holdings Inc.	4/2/2004	524908100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4

For	For	2. Ratification of Independent Auditors for Fiscal Year 2004	Issuer





Company Name	Meeting Date	CUSIP(2)	Ticker (2)
CH Energy	4/27/2004	12541M102


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3







Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Johnson and Johnson	4/22/2004	478160104


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10
For		Director 11
For		Director 12
For		Director 13

For	For	2. Ratification of Independent Auditors	Issuer

Against	Against	3. Proposal on Charitable Contributions	Issuer


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Louisiana-Pacific Corporation	5/3/2004	546347105


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3

For	For	2. Approval of Amendment of 1997 Incentive Stock Award Plan	Issuer

For	For	3. Approval of Amendment of 2000 Non-Employee Director Restricted Stock Plan	Issuer

For	For	4. Approval of Amendment of 1992 Non-Employee Director Stock Option Plan	Issuer

For	For	5. Approval of Performance Goals Under Amended and Restated Annual Cash Incentive Award Plan	Issuer

For	For	6. Ratification of Selection of Independent Auditors	Issuer

Against	Against	7. Stockholder Proposal, Not Recommended by Management, Relating to Separation of the Offices of Chairman and CEO	Stockholder

Against	Against	8. Stockholder Proposal, Not Recommended by Management, Relating to Environmental Matters	Stockholder

Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Sonic Automotive	4/22/2004	83545G102


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3

For	For	2. Approval of the 2004 Stock Incentive Plan	Issuer

For	For	3. Ratification of Appointment of Deloitte & Touche LLP as the Company's Independent Accountants



Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Altria Group, Inc.	4/29/2004	02209S103


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10

For	For	2. Ratification of the selection of independent auditors	Issuer

Against	Against	3. Stockholder Proposal No. 1	Stockholder

Against	Against	4. Stockholder Proposal No. 2	Stockholder

Against	Against	5. Stockholder Proposal No. 3	Stockholder

Against	Against	6. Stockholder Proposal No. 4	Stockholder

Against	Against	7. Stockholder Proposal No. 5	Stockholder

Against	Against	8. Stockholder Proposal No. 6	Stockholder


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
MBIA, Inc.	5/6/2004	55262C100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10

For	For	2. Approval of appointment of Price Waterhouse Coopers LLP as independent auditors	Issuer


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Tenet Healthcare Corporation	5/6/2004	88033G100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6

For	For	2. Ratify selection of KPMG, LP as independent auditors for fiscal year ending Dec 31, 2004	Issuer


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Intel Corporation	5/19/2004	458140100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10
For		Director 11

For	For	2. Ratification of selection of independent auditors	Issuer

For	For	3. Approval of the 2004 Equity Incentive Plan	Issuer

Against	Against	4. Proposal requesting the expensing of stock options	Shareholder

Against	Against	5. Proposal requesting the use of Performance-Vesting Stock	Shareholder

Against	Against	6. Proposal requesting the use of Performance-Based Stock Options	Shareholder


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Lockheed Martin Corporation	4/22/2004	539830109


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10
For		Director 11
For		Director 12
For		Director 13
For		Director 14

For	For	2. Ratification of appointment of independent auditors	Issuer

Against	Against	3. Stockholder proposal by Evelyn Y. Davis	Stockholder

Against	Against	4. Stockholder proposal by John Chevedden	Stockholder

Against	Against	5. Stockholder proposal by United Association S&P 500 Index Fund	Stockholder

Against	Against	6. Stockholder proposal by The Sisters of Mercy and other groups	Stockholder


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Delphi Financial Group	5/5/2004	247131105


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9

For	For	2. Approval of the Amendment to the 2003 Employee Long-Term Incentive and Share Award Plan	Issuer

For	For	3. approval of the adoption of the Annual Incentive Compensation Plan	Issuer

Against	Against	4. Shareholder proposal regarding investments in tobacco equities	Shareholder

For	For	5. To transact such other business as properly comes before the meeting or any adjournment thereof	Issuer




Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Playtex Products, Inc.	5/13/2004	72813P100


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9

For	For	2. Ratification of the appointment of KPMG, LLP as independent auditors for fiscal year 2004	Issuer



Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Waste Management, Inc.	5/14/2004	94106L109


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issue
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9

For	For	2. Ratify the appointment of Ernst & Young, LLP as the independent auditors for 2004	Issuer

For	For	3. Vote on a proposal to approve 2004 stock incentive plan	Issuer

For	For	4. Vote on proposal to approve 2005 annual incentive plan	Issuer


Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Office Depot	5/14/2004	676220106


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9
For		Director 10
For		Director 11
For		Director 12

For	For	2. Amendment of Company's long-term equity incentive plant to increase the number of shares authorized for issuance under the plan by 15,000,000 shares	Issuer

For	For	3. Ratification of appointment of Deloitte & Touche, LLP as the company's independent public accountants	Issuer






Company Name	Meeting Date	CUSIP(2)	Ticker (2)
First Industrial Realty Trust, Inc.	5/12/2004	32054K103


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2

For	For	2. Ratification of the selection of Price Waterhouse Coopers LLP as the company's independent auditors	Issuer


















Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Conmed Corporation	5/18/2004	207410101


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8

For	For	2. Ratification of the appointment of Price Waterhouse Coopers LLp as independent accountants for the company for 2004	Issuer

For	For	3. Amendment to 1999 Long-Term Incentive Plan to increase authorized shares by 1.0 million shares	Issuer



Company Name	Meeting Date	CUSIP(2)	Ticker (2)
IHOP Corporation	5/25/2004	449623107


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3

For	For	2. Approve and ratify the appointment of Ernst & Young LLP as the independent accountants of the company	Issuer

Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Weatherford International Ltd.	5/25/2004	G95089101


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5
For		Director 6
For		Director 7
For		Director 8
For		Director 9

For	For	2. Appointment of Ernst & Loung LLP as independent auditors for the year ending Dec 31, 2004, and authorization of the audit committee of the Board of Directors to set Ernst & Young LLP's remuneration	Issuer




Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Supervalu Inc.	5/26/2004	868536103


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4
For		Director 5

For	For	2. Appointment of KPMG LLP as independent auditor	Issuer

Against	Against	3. Consider and vote on stockholder proposal	Stockholder




Company Name	Meeting Date	CUSIP(2)	Ticker (2)
Devon Energy Corporation	6/8/2004	25179M103


Vote (3)	MRV (4)	Proposal (5)	Proposed by Issuer or Security Holder (6)
	For	1. Directors	Issuer
For		Director 1
For		Director 2
For		Director 3
For		Director 4

For	For	2. Ratify the appointment of KPMG LLP as the company's independent auditor for the year ending Dec 31, 2004	Issuer

Against	Against	3. Revise Director election vote threshold	Shareholder




Company Name	Meeting Date	CUSIP	Ticker

ConocoPhillips	5/5/2004	20825c104


		Not Voted - Shares sold prior to meeting date