UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                          MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-05921
                                   ---------------------------------------------

                        The Turkish Investment Fund, Inc.
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

1221 Avenue of the Americas, New York, New York                          10020
--------------------------------------------------------------------------------
   (Address of principal executive offices)                           (Zip code)

                               Amy Doberman, Esq.

                                Managing Director

                     Morgan Stanley Investment Advisors Inc.

                           1221 Avenue of the Americas

                            New York, New York 10020
--------------------------------------------------------------------------------
                     (Name and address of agent for service)

Registrant's telephone number, including area code: 800-869-6397
                                                    ------------

Date of fiscal year end: 10/31
                         -----

Date of reporting period: 7/1/05 - 6/30/06
                          ----------------



******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-05921
Reporting Period: 07/01/2005 - 06/30/2006
The Turkish Investment Fund, Inc.









====================== THE TURKISH INVESTMENT FUND, INC. =======================


A.F.M. ULUSLARARASI FILM PRODUKSIYON TICARET VE SANAYI A.S.

Ticker:                      Security ID:  TREAFMF00010
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Amend Articles Re: 2005 Bonus Dividend    For       Did Not    Management
      Policy                                              Vote
6     Amend Articles Re: 2006 Bonus Dividend    For       Did Not    Management
      Policy                                              Vote
7     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
8     Fix Number of and Elect Directors         For       Did Not    Management
      Proposed by A and B Group Shareholders,             Vote
      and Determine Their Terms of Office and
      Remuneration
9     Elect Internal Auditors, and Determine    For       Did Not    Management
      Their Terms of Office and Remuneration              Vote
10    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
11    Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote
12    Wishes                                    None      Did Not    Management
                                                          Vote


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

ADANA CIMENTO

Ticker:                      Security ID:  TRAADANA91F0
Meeting Date: APR 4, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Independent External Auditors'     For       Did Not    Management
      Reports                                             Vote
5     Accept Financial Statements               For       Did Not    Management
                                                          Vote
6     Ratify Directors and Internal Auditors    For       Did Not    Management
      Appointed During the Year                           Vote
7     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
8     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
9     Elect Directors and Determine Their       For       Did Not    Management
      Remuneration                                        Vote
10    Elect Internal Auditors and Determine     For       Did Not    Management
      Their Remuneration                                  Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
12    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
13    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
14    Wishes                                    None      Did Not    Management
                                                          Vote


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

AKCANSA CIMENTO SA

Ticker:                      Security ID:  TRAAKCNS91F3
Meeting Date: MAR 27, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
5     Accept Financial Statements and           For       Did Not    Management
      Allocation of Income                                Vote
6     Approve Allocation of Bonus Dividends     For       Did Not    Management
                                                          Vote
7     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
8     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
9     Elect Directors and Internal Auditors and For       Did Not    Management
      Determine Their Terms of Office                     Vote
10    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
11    Amend Articles 6 and 27 of Bylaws, and    For       Did Not    Management
      Cancellation of Provisional Article 1               Vote
12    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose


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

AKCANSA CIMENTO SA

Ticker:                      Security ID:  TRAAKCNS91F3
Meeting Date: NOV 28, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Amend Articles 6, 9, and 33 of Bylaws,    For       Did Not    Management
      and Creation of Provisional Art. 1 Re:              Vote
      Consolidation of Shares and Share Bills


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

AKSIGORTA

Ticker:                      Security ID:  TRAAKGRT91O5
Meeting Date: MAR 24, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
5     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
6     Fix Number of and Elect Directors         For       Did Not    Management
                                                          Vote
7     Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose


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

ANADOLU EFES BIRACILIK VE MALT SAN

Ticker:                      Security ID:  TRAAEFES91A9
Meeting Date: MAY 15, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       Did Not    Management
      Authorize Presiding Council to Sign                 Vote
      Minutes of Meeting
2     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
3     Accept Financial Statements               For       Did Not    Management
                                                          Vote
4     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
5     Approve Directors Appointed During the    For       Did Not    Management
      Year                                                Vote
6     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
7     Amend Articles of Bylaws                  For       Did Not    Management
                                                          Vote
8     Elect Directors; Determine Their Terms of For       Did Not    Management
      Office and Remuneration                             Vote
9     Elect Internal Auditors; Determine Their  For       Did Not    Management
      Terms of Office and Remuneration                    Vote
10    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
12    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
13    Close Meeting                             None      Did Not    Management
                                                          Vote


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

BATI CIMENTO

Ticker:                      Security ID:  TRABTCIM91F5
Meeting Date: MAR 28, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       Did Not    Management
      Authorize Council to Sign Minutes of                Vote
      Meeting
2     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
3     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
4     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
5     Fix Number of and Elect Internal          For       Did Not    Management
      Auditors, and Determine Their Terms of              Vote
      Office and Remuneration
6     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
8     Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
9     Wishes                                    None      Did Not    Management
                                                          Vote


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

BIM BIRLESIK MAGAZALAR AS

Ticker:                      Security ID:  TREBIMM00018
Meeting Date: APR 4, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       Did Not    Management
      Authorize Council ti Sign Minutes of                Vote
      Meeting
2     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
3     Accept Financial Statements               For       Did Not    Management
                                                          Vote
4     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
5     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
6     Fix Number of and Elect Directors, and    For       Did Not    Management
      Determine Their Terms of Office                     Vote
7     Fix Number of and Elect Internal          For       Did Not    Management
      Auditors, and Determine Their Terms of              Vote
      Office and Remuneration
8     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Wishes                                    None      Did Not    Management
                                                          Vote


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

BORUSAN YATIRIM PAZARLAMA AS

Ticker:                      Security ID:  TRABRYAT91Q2
Meeting Date: APR 12, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
5     Accept Financial Statements               For       Did Not    Management
                                                          Vote
6     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
8     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
9     Fix Number of and Elect Directors, and    For       Did Not    Management
      Determine Their Terms of Office and                 Vote
      Remuneration
10    Fix Number of and Elect Internal          For       Did Not    Management
      Auditors, and Determine Their Terms of              Vote
      Office and Remuneration
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
12    Amend Articles Re: New Currency           For       Did Not    Management
                                                          Vote
13    Wishes                                    None      Did Not    Management
                                                          Vote


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

BOYNER BUYUK MAGAZACILIK (FORMERLY CARSI BUYUK MAGAZACILIK).

Ticker:                      Security ID:  TRACARSI91J0
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Financial Statements and Approve   For       Did Not    Management
      Allocation of Income                                Vote
5     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
6     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
7     Elect Directors and Determine Their Terms For       Did Not    Management
      of Office                                           Vote
8     Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
9     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
10    Wishes                                    None      Did Not    Management
                                                          Vote


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

COCA COLA ICECEK SANAYI A.S.

Ticker:                      Security ID:  TRECOLA00011
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  None      Did Not    Management
      of Meeting                                          Vote
2     Approve Acquisition of Efes Smai Yatirim  For       Did Not    Management
      Holding A.S.                                        Vote
3     Elect John Pual Sechi as Director;        For       Did Not    Management
      Determine Their Remuneration                        Vote
4     Ratify Mustafa Uysal as Independent       For       Did Not    Management
      External Auditors for Fiscal 2006                   Vote
5     Wishes                                    None      Did Not    Management
                                                          Vote


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

DOGAN BURDA AS

Ticker:                      Security ID:  TRADOBUR91D3
Meeting Date: JUL 29, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Amend Articles Re: Edit Company Name      For       Did Not    Management
                                                          Vote
4     Amend Articles Re: Increase Board Size    For       Did Not    Management
      from Eight to Ten                                   Vote


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

DOGAN BURDA AS

Ticker:                      Security ID:  TRADOBUR91D3
Meeting Date: MAY 1, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Elect Directors                           For       Did Not    Management
                                                          Vote
7     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
11    Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote
12    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote


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

DOGAN YAYIN HOLDING

Ticker:                      Security ID:  TRADYHOL91Q7
Meeting Date: MAY 29, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Elect Directors for Fiscal 2006           For       Did Not    Management
                                                          Vote
7     Elect Internal Auditors for Fiscal 2006   For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Approve Board Powers Re: Exchange of      For       Did Not    Management
      Shares and Assets                                   Vote
11    Authorize Issuance of Bonds and/or        For       Did Not    Management
      Commercial Papers                                   Vote
12    Approve Distribution of Advance Dividends For       Did Not    Management
                                                          Vote
13    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
14    Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote
15    Approve Non-Issuance of Donations in      For       Did Not    Management
      Financial Year 2005                                 Vote
16    Wishes                                    None      Did Not    Management
                                                          Vote


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

ECZACIBASI YAPI

Ticker:                      Security ID:  TRAECYAP91F9
Meeting Date: APR 7, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       Did Not    Management
      Authorize Presiding Council to Sign                 Vote
      Minutes of Meeting
2     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
3     Approve Financial Statements and          For       Did Not    Management
      Allocation of Income                                Vote
4     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
5     Elect Directors and Internal Auditors and For       Did Not    Management
      Determine Their Terms of Office                     Vote
6     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
7     Amend Article 6 of Bylaws                 For       Did Not    Management
                                                          Vote
8     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
9     Authorize Issuance of Bonds and           For       Did Not    Management
      Commercial Papers                                   Vote
10    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
11    Wishes                                    None      Did Not    Management
                                                          Vote


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

ENKA INSAAT VE SANAYI A.S.

Ticker:                      Security ID:  TREENKA00011
Meeting Date: APR 21, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Independent External Auditor's     For       Did Not    Management
      Report                                              Vote
5     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
6     Accept Financial Statements and Approve   For       Did Not    Management
      Discharge of Directors and Internal                 Vote
      Auditors
7     Elect Directors                           For       Did Not    Management
                                                          Vote
8     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
9     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
10    Approve Allocation of Income              For       Did Not    Management
                                                          Vote
11    Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote
12    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
13    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
14    Wishes                                    None      Did Not    Management
                                                          Vote


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

ENKA INSAAT VE SANAYI A.S.

Ticker:                      Security ID:  TREENKA00011
Meeting Date: SEP 9, 2005    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Amend Art. 6 of the Company's Bylaws      For       Did Not    Management
                                                          Vote
4     Approve Amount in the Reserve Fund to Be  For       Did Not    Management
      Met With the Extraordinary Reserve Fund             Vote
5     Wishes                                    None      Did Not    Management
                                                          Vote


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

FORD OTOMOTIV SANAYI(FORMERLY OTOSAN OTOMOBIL)

Ticker:                      Security ID:  TRAOTOSN91H6
Meeting Date: DEC 21, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Election of Presiding    For       Did Not    Management
      Committee                                           Vote
2     Approve Aggregate Dividends in the Amount For       Did Not    Management
      of PKR 80.7 Million Charged to                      Vote
      Extraordinary Reserves
3     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote


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

GALATASARAY SPORTIF SINAI VETICARI YATIRIMLAR A.S.

Ticker:                      Security ID:  TRAGSRAY91X9
Meeting Date: NOV 25, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
7     Elect Directors                           For       Did Not    Management
                                                          Vote
8     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
9     Ratify Independent Internal Auditors      For       Did Not    Management
                                                          Vote
10    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
11    Wishes                                    None      Did Not    Management
                                                          Vote


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

GIMA GIDA

Ticker:                      Security ID:  TRAGIMAW92J2
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
5     Accept Financial Statements               For       Did Not    Management
                                                          Vote
6     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7     Approve Directors Appointed During the    For       Did Not    Management
      Year                                                Vote
8     Approve Internal Auditors Appointed       For       Did Not    Management
      During the Year                                     Vote
9     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
10    Elect Directors                           For       Did Not    Management
                                                          Vote
11    Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
12    Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
13    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
14    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose


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

HACI OMER SABANCI HOLDING A.S

Ticker:                      Security ID:  TRASAHOL91Q5
Meeting Date: MAY 12, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
7     Approve Directors Appointed During the    For       Did Not    Management
      Year                                                Vote
8     Elect Internal Auditors, and Determine    For       Did Not    Management
      Their Terms of Office and Remuneration              Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Authorize Repurchase of Founders and      For       Did Not    Management
      Usufruct Shares                                     Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose


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

HACI OMER SABANCI HOLDING A.S

Ticker:                      Security ID:  TRASAHOL91Q5
Meeting Date: MAY 12, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Increase Authorized and Issued Capital    For       Did Not    Management
                                                          Vote
4     Cancel Provisional Article 1              For       Did Not    Management
                                                          Vote
5     Cancel Provisional Article 13             For       Did Not    Management
                                                          Vote
6     Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote


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

HURRIYET GAZETE

Ticker:                      Security ID:  TRAHURGZ91D9
Meeting Date: MAY 1, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Amend Articles of the Bylaws              For       Did Not    Management
                                                          Vote
4     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
5     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
6     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7     Elect Directors For Fiscal Year 2006      For       Did Not    Management
                                                          Vote
8     Elect Internal Auditors For Fiscal Year   For       Did Not    Management
      2006                                                Vote
9     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors for Fiscal Year 2006              Vote
10    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
12    Approve Issuance of Different Securities  For       Did Not    Management
                                                          Vote
13    Approve Allocation of Bonus Dividend      For       Did Not    Management
                                                          Vote
14    Amend Articles Re: New Dividend Policy    For       Did Not    Management
                                                          Vote
15    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote


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

RAY SIGORTA

Ticker:                      Security ID:  TRARAYSG91O8
Meeting Date: APR 5, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Ratify Directors Appointed During the     For       Did Not    Management
      Year                                                Vote
4     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
5     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
6     Approve Discharge of Board                For       Did Not    Management
                                                          Vote
7     Approve Discharge of Internal Auditors    For       Did Not    Management
                                                          Vote
8     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
9     Approve Treatment of Earlier Years'       For       Did Not    Management
      Losses                                              Vote
10    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
11    Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
12    Approve Remuneration of Internal Auditors For       Did Not    Management
                                                          Vote
13    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
14    Wishes                                    None      Did Not    Management
                                                          Vote


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

TAT KONSERVE

Ticker:                      Security ID:  TRATATKS91A5
Meeting Date: APR 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
3     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
4     Fix Number of and Elect Directors, and    For       Did Not    Management
      Determine Their Terms of Office                     Vote
5     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
6     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
7     Amend Articles 8 of the Company's Bylaw   For       Did Not    Management
                                                          Vote
8     Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
10    Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
11    Wishes                                    None      Did Not    Management
                                                          Vote


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

TURK HAVA YOLLARI

Ticker:                      Security ID:  TRATHYAO91M5
Meeting Date: JUL 4, 2005    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Ratify Inpact Int. / Can Uluslararasi     For       Did Not    Management
      Denetim A.S. as Independent External                Vote
      Auditors
3     Accept Revised Financial Statements       For       Did Not    Management
      Prepared in Accordance with UFRS                    Vote
4     Approve Allocation of Additional Income   For       Did Not    Management
      Arising from UFRS Accounting to Previous            Vote
      Years' Losses
5     Approve Undertaking of Legal Proceedings  For       Did Not    Management
      in Accordance with Article 341 of Turkish           Vote
      Commerical Code
6     Wishes                                    None      Did Not    Management
                                                          Vote


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

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  TRAGARAN91N1
Meeting Date: APR 5, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Financial Statements and          For       Did Not    Management
      Allocation of Income                                Vote
5     Ratify Directors Appointed During the     For       Did Not    Management
      Year                                                Vote
6     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
7     Elect Directors and Internal Auditiors    For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
9     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
10    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
11    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose


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

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  TRAGARAN91N1
Meeting Date: SEP 26, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       Did Not    Management
      of Meeting                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Approve Transfer Agreement Re: Transfer   For       Did Not    Management
      of Ana Konut Danismanlik to Garanti Bank,           Vote
      of All of its Rights, Receivables,
      Obligations and Liabilities
4     Ratify Ana Konut Danismanlik's Financial  For       Did Not    Management
      Statements and Statutory Reports                    Vote
5     Amend Bylaws Re: Increase in the Size of  For       Did Not    Management
      the Board from the Current Eight Members            Vote
      to Nine Members


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

TURKIYE IS BANKASI AS

Ticker:                      Security ID:  TRAISCTR91N2
Meeting Date: MAR 31, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       Did Not    Management
      Authorize Council to Sign Minutes of                Vote
      Meeting
2     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
3     Accept Financial Statements and Approve   For       Did Not    Management
      Discharge of Directors and Internal                 Vote
      Auditors
4     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
5     Amend Articles Re: Adaptation of Articles For       Did Not    Management
      of Incorporation for NTL and Change in              Vote
      Par Value
6     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
7     Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Auditors          For       Did Not    Management
                                                          Vote


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

TURKIYE VAKIFLAR BANKASI TAO

Ticker:                      Security ID:  TREVKFB00019
Meeting Date: JUN 26, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  None      Did Not    Management
      of Meeting                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Approve Legal Action Against Former       For       Did Not    Management
      Managers                                            Vote
4     Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
5     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
6     Close Meeting                             None      Did Not    Management
                                                          Vote


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

TURKIYE VAKIFLAR BANKASI TAO

Ticker:                      Security ID:  TREVKFB00019
Meeting Date: MAR 31, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Approve Financial Statements              For       Did Not    Management
                                                          Vote
5     Approve Discharge of Directors and        For       Did Not    Management
      Internal Auditors                                   Vote
6     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
7     Amend Articles Re: Dividend Policy as of  For       Did Not    Management
      Fiscal Year 2006                                    Vote
8     Amend Articles 7, 8, and 11 of Bylaws     For       Did Not    Management
                                                          Vote
9     Accept Decision on Human Resources        For       Did Not    Management
      Management                                          Vote
10    Accept Decision on Ethical Guidelines     For       Did Not    Management
                                                          Vote
11    Elect Directors                           For       Did Not    Management
                                                          Vote
12    Elect Internal Auditors                   For       Did Not    Management
                                                          Vote
13    Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
14    Wishes                                    None      Did Not    Management
                                                          Vote
15    Close Meeting                             None      Did Not    Management
                                                          Vote


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

TURKIYE VAKIFLAR BANKASI TAO

Ticker:                      Security ID:  TREVKFB00019
Meeting Date: MAY 8, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Amend Articles of Association             For       Did Not    Management
                                                          Vote
4     Close Meeting                             None      Did Not    Management
                                                          Vote
5     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
6     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
7     Amend Articles of Association             For       Did Not    Management
                                                          Vote
8     Close Meeting                             None      Did Not    Management
                                                          Vote
9     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
10    Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
11    Amend Articles of Association             For       Did Not    Management
                                                          Vote
12    Close Meeting                             None      Did Not    Management
                                                          Vote


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

UZEL MAKINA SANAYI

Ticker:                      Security ID:  TRAUZELW91H7
Meeting Date: MAY 23, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
6     Approve Ibrahim Aksoy as Director         For       Did Not    Management
                                                          Vote
7     Discharge and Elect Directors             For       Did Not    Management
                                                          Vote
8     Discharge and Elect Internal Auditors     For       Did Not    Management
                                                          Vote
9     Approve Remuneration of Directors and     For       Did Not    Management
      Internal Auditors                                   Vote
10    Authorize Board Members With Respect to   For       Did Not    Management
      Article 26 of Articles of Association Re:           Vote
      Power and Authorities of General Assembly
      of Shareholders
11    Approve Spin Off Agreement with Uzel      For       Did Not    Management
      Otomotiv Sistemleri A.S.                            Vote
12    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose .
13    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
14    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
15    Wishes                                    None      Did Not    Management
                                                          Vote
16    Close Meeting                             None      Did Not    Management
                                                          Vote


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

YAPI KREDI KORAY GAYRIMENKUL YATIRIM ORTAKLIGI A.S

Ticker:                      Security ID:  TRAYKGYO91Q7
Meeting Date: MAR 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting                  Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Board and Statutory Reports        For       Did Not    Management
                                                          Vote
4     Accept Financial Statements               For       Did Not    Management
                                                          Vote
5     Company Specific: Announcement of Real    For       Did Not    Management
      Estate Associations required by the CMB             Vote
6     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
7     Elect Directors and Auditors              For       Did Not    Management
                                                          Vote
8     Approve Remuneration and Attendance Fees  For       Did Not    Management
      of Directors and Auditors                           Vote
9     Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote


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

YAPI KREDI KORAY GAYRIMENKUL YATIRIM ORTAKLIGI A.S

Ticker:                      Security ID:  TRAYKGYO91Q7
Meeting Date: OCT 14, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Directors and Auditors' Report     For       Did Not    Management
                                                          Vote
4     Approve Discharge of Board and Internal   For       Did Not    Management
      Auditors                                            Vote
5     Elect Directors and Auditors              For       Did Not    Management
                                                          Vote
6     Approve Remuneration and Attendance Fees  For       Did Not    Management
      of Directors and Auditors                           Vote
7     Wishes                                    None      Did Not    Management
                                                          Vote


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

YAPI VE KREDI BANKASI AS

Ticker:                      Security ID:  TRAYKBNK91N6
Meeting Date: JUN 29, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Presiding Council of  None      Did Not    Management
      Meeting                                             Vote
2     Receive Financial Statements and          For       Did Not    Management
      Statutory Reports Pertaining to Merger              Vote
      with Kocbank A.S.
3     Approve Merger Agreement with Kocbank     For       Did Not    Management
      A.S.                                                Vote
4     Close Meeting                             None      Did Not    Management
                                                          Vote


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

YAPI VE KREDI BANKASI AS

Ticker:                      Security ID:  TRAYKBNK91N6
Meeting Date: MAR 31, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Approve Discount on Debt Receivables with For       Did Not    Management
      Cukurova Holding A.S.                               Vote
4     Approve Disposal of Certain Real Estates  For       Did Not    Management
      According to Agreement with Cukurova                Vote
      Holding A.S.
5     Approve Discount on Option Contract to    For       Did Not    Management
      the Extent of Turkcell According to                 Vote
      Agreement with Cukurova Holding A.S.
6     Approve Agreement on Option Contract to   For       Did Not    Management
      the Extent of Business Activities Not               Vote
      Relating to Banking with Cukurova Holding
      A.S.
7     Approve Agreement on Commerce and         For       Did Not    Management
      Disposal of Fintur, Super Online, and               Vote
      Digiturk with Cukurova Holding A.S.
8     Approve Advertisement Agreement with Beko For       Did Not    Management
      Ticaret A.S. and Cukurova Grubu Medya               Vote
      Sirketleri
9     Approve Supplemental Agreement with Super For       Did Not    Management
      Online                                              Vote
10    Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
11    Approve Allocation of Income              For       Did Not    Management
                                                          Vote
12    Approve Treatment of Earlier Years'       For       Did Not    Management
      Losses                                              Vote
13    Approve Discharge of Board                For       Did Not    Management
                                                          Vote
14    Approve Discharge of Internal Auditors    For       Did Not    Management
                                                          Vote
15    Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
16    Approve Remuneration of Internal Auditors For       Did Not    Management
                                                          Vote
17    Elect Directors and Determine Their Terms For       Did Not    Management
      of Office                                           Vote
18    Elect Internal Auditors and Determine     For       Did Not    Management
      Their Terms of Office                               Vote
19    Increase Authorized Capital from TRY 752  For       Did Not    Management
      Million to TRY 1,897 Million, and Amend             Vote
      Article 8 and Include Provisional Article
      Accordingly
20    Approve Donations Made in Financial Year  For       Did Not    Management
      2005                                                Vote
21    Ratify Independent External Auditors      For       Did Not    Management
                                                          Vote
22    Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
23    Wishes                                    None      Did Not    Management
                                                          Vote


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

YAPI VE KREDI BANKASI AS

Ticker:                      Security ID:  TRAYKBNK91N6
Meeting Date: SEP 28, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       Did Not    Management
                                                          Vote
2     Authorize Presiding Council to Sign       For       Did Not    Management
      Minutes of Meeting                                  Vote
3     Accept Financial Statements and Statutory For       Did Not    Management
      Reports for Period Ended 7-31-05                    Vote
4     Fix Number of and Elect Board Members     For       Did Not    Management
                                                          Vote
5     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
6     Elect Auditors                            For       Did Not    Management
                                                          Vote
7     Fix Their Remuneration Auditors           For       Did Not    Management
                                                          Vote
8     Grant Permission for Board Members to     For       Did Not    Management
      Engage in Commercial Transactions with              Vote
      Company and Be Involved with Companies
      with Similar Corporate Purpose
9     Wishes                                    None      Did Not    Management
                                                          Vote

========== END NPX REPORT



                                   SIGNATURES

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

(Registrant): The Turkish Investment Fund, Inc.
              ------------------------------------------------------------------

By (Signature and Title):


                                      /s/ Ronald E. Robison

                 President and Principal Executive Officer - Office of the Funds
                 ---------------------------------------------------------------

Date August 28, 2006
     ---------------------------------------------------------------------------


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