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 811-08348

LORD ASSET MANAGEMENT TRUST
(Exact name of Registrant as specified in charter)

440 South LaSalle Street
Chicago, Illinois 60605-1028
(Address of principal executive offices) (Zip code)

Keith T. Robinson
Dechert LLP
1775 I Street, N.W.
Washington, D.C. 20006 Thomas S. White
Thomas White International, Ltd.
440 South LaSalle Street
Chicago, Illinois 60605-1028

Registrant's telephone number, including area code: (312) 663-8300

Date of fiscal year end: October 31

Date of reporting period: 07/01/04 - 06/30/05

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public.

A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Thomas White American Opportunities Fund

Proxy Voting Record

Year ended June 30, 2005

Unless otherwise indicated by a "Ö ", all votes cast during the reporting period were cast for the recommendation of the issuer's management.  Under the caption "Proposed by", "B" signifies the Board of Directors and "S" signifies shareholders/stockholders.

Airgas, Inc. Number of shares: 5,200		Cusip: 009363102 Ticker: ARG	Meeting Date: 8/4/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approve the amendment to the 1997 Directors' Stock Option Plan			B	AgainstÖ
3	Ratify the selection of KPMG LLP as the Company's independent registered public accounting firm			B	For

Centex Corporation Number of shares: 2,800		Cusip: 152312104 Ticker: CTX	Meeting Date: 7/15/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of independent auditors for fiscal year 2005			B	For

Eagle Materials Inc. Number of shares: 62		Cusip: 26969P108 Ticker: EXP	Meeting Date: 7/27/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify the appointment of Ernst & Young as independent auditors for fiscal year 2005			B	For

Eagle Materials Inc. Number of shares: 208		Cusip: 26969P207 Ticker: EXP.B	Meeting Date: 7/27/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify the appointment of Ernst & Young as independent auditors for fiscal year 2005			B	For

GTech Holdings Corporation Number of shares: 4,300		Cusip: 400518106 Ticker: GTK	Meeting Date: 8/2/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the GTech Holdings Corporation 2004 Employee Stock Purchase Plan			B	For
3	Approval of the amendment to the Certificate of Incorporation of GTech Holdings Corporation to increase the number of authorized shares of common stock, $.01 par value, from 150,000,000 to 200,000,000			B	For
4	Ratification of Ernst & Young LLP, independent certified public accountants, as auditors for the fiscal year ending February 26, 2005			B	For

Legg Mason, Inc. Number of shares: 1,300		Cusip: 524901105 Ticker: LM	Meeting Date: 7/20/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Amendment of the Legg Mason, Inc. 1996 Equity Incentive Plan			B	AgainstÖ
3	Amendment of the Legg Mason, Inc. Stock Option Plan for Non-Employee Directors			B	For

Mylan Laboratories Number of shares: 11,700		Cusip: 628530107 Ticker: MYL	Meeting Date: 7/30/04 Date Voted: 7/6/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Computer Sciences Corporation Number of shares: 3,350		Cusip: 205363104 Ticker: CSC	Meeting Date: 8/9/04 Date Voted: 7/19/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the 2004 Incentive Plan			B	AgainstÖ
3	To ratify the appointment of independent auditors			B	For

American Woodmark Corporation Number of shares: 2,000		Cusip: 030506109 Ticker: AMWD	Meeting Date: 8/26/04 Date Voted: 7/26/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to ratify the selection of KPMG LLP as appointment registered accounting firm of the Company for the fiscal year ending April 30, 2005			B	For
3	To consider and vote upon the Company's 2004 Stock Incentive Plan for Employees			B	AgainstÖ

Countrywide Financial Corporation Number of shares: 1,999		Cusip: 222372104 Ticker: CFC	Meeting Date: 8/17/04 Date Voted: 7/26/04
	Proposal			Proposed by*	Vote
1	To approve the amendment to the Company's Restated Certificate of Incorporation increasing the authorized number of shares of common stock			B	For

Helen of Troy Limited Number of shares: 3,000		Cusip: G4388N106 Ticker: HELE	Meeting Date: 8/31/04 Date Voted: 8/9/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve an amendment to the Helen of Troy Limited 1998 Stock Option and Restricted Stock Plan			B	AgainstÖ
3	To ratify the appointment of KPMG LLP as independent auditors of the Company to serve for the 2005 fiscal year			B	For

North Fork Bancorporation, Inc. Number of shares: 4,050		Cusip: 6599424105 Ticker: NFB	Meeting Date: 8//31/04 Date Voted: 8/9/04
	Proposal			Proposed by*	Vote
1	To adopt the Agreement & Plan of Merger, dated as of February 15, 2004, by and between North Fork Bancorporation, Inc and GreenPoint Financial Corp.			B	For

RenaissanceRe Holdings Ltd. Number of shares: 2,300		Cusip: G7496G103 Ticker: RNR	Meeting Date: 8//31/04 Date Voted: 8/9/04
	Proposal			Proposed by*	Vote
1	To approve the RenaissanceRe Holdings Ltd. 2004 Stock Incentive Plan			B	AgainstÖ

Symantec Corporation Number of shares: 8,788		Cusip: 871503108 Ticker: SYMC	Meeting Date: 9/15/04 Date Voted: 8/9/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the adoption of the Symantec's Amended & Restated Certification of Incorporation which would increase the number of authorized shares of common stock from 900,000,000,to 1,600,000,000			B	For
3	To approve the adoption of the Symantec 2004 Equity Incentive Plan, and the reservation of 9,000,000 shares of common stock for issuance thereunder			B	AgainstÖ
4	To approve amendments to Symantec's 2000 Director Equity Incentive Plan, as amendment (the "director plan"), to increase the number of shares authorized for issuance therunder from 25,000 to 50,000 and to provide for proportionate adjustment to shares subject to the Director Plan upon any stock dividend, stock split or similar change in Symantec's capital structure			B	AgainstÖ
5	To ratify the selection of KPMG LLP as Symantec's independent auditors for the 2005 fiscal year			B	For

Valero Energy Corporation Number of shares: 2,300		Cusip: 91913Y100 Ticker: VLO	Meeting Date: 9/13/04 Date Voted: 8/9/04
	Proposal			Proposed by*	Vote
1	Approval of an amendment to Valero's Restated Certificate of Incorporation to increase the total number of shares of common stock, par value $0.01 per share, that Valero has the authority to issue from 300,000,000 shares to 600,000,000 shares			B	For

New Century Financial Corporation Number of shares: 1,550		Cusip: 64352D101 Ticker: NCEN	Meeting Date: 9/15/04 Date Voted: 8/27/04
	Proposal			Proposed by*	Vote
1	To approve and adopt the Agreement and Plan of Merger dated As of April 21, 2004, by and among the Company, New Century Reit, Inc. and NC Merger Sub, Inc., which will implement the restructuring of the Company to allow the Company to qualify as a real estate investment trust, or reit for U.S. federal income tax purposes			B	For
2	Election of directors			B	For
3	To approve the proposed New Century Financial Corporation 2004 Performance Incentive Plan			B	AgainstÖ
4	To ratify KKPMG LLP's appointment as our independent registered public accounting firm for 2004			B	For

Harris Corporation Number of shares: 3,764		Cusip: 413875105 Ticker: HRS	Meeting Date: 10/22/04 Date Voted: 9/24/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of Ernst & Young LLP as independent auditors			B	For

Linear Technology Corporation Number of shares: 3,400		Cusip: 535678106 Ticker: LLTC	Meeting Date: 11/3/04 Date Voted: 10/1/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of Ernst & Young LLP as the Company independent registered accounting firm for the fiscal year ending July 3, 2005			B	For

Regis Corporation Number of shares: 4,800		Cusip: 758932107 Ticker: RGS	Meeting Date: 10/28/04 Date Voted: 10/14/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of PricewaterhouseCoopers LLP as the Company independent registered public accounting firm			B	For
3	To approve the Company's 2004 Long-Term Incentive Compensation Plan			B	AgainstÖ
4	To approve the Company's Short-Term Incentive Compensation Plan			B	AgainstÖ
5	In their discretion, on such other matters as may properly come before the meeting, including a motion to adjourn the meeting			B	For

Corinthian Colleges, Inc. Number of shares: 3,100		Cusip: 218868107 Ticker: COCO	Meeting Date: 11/18/04 Date Voted: 10/25/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of Ernst & Young LLP as independent auditors for the fiscal year ending June 30, 2005			B	For

CACI International Inc. Number of shares: 10,924		Cusip: 127190304 Ticker: CAI	Meeting Date: 12/1/04 Date Voted: 11/2/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of Ernst & Young LLP as independent auditors			B	For
3	Approval of amendment to the Company's 1996 Stock Incentive Plan			B	AgainstÖ
4	Approval to adjourn the meeting if necessary to permit further solicitation of proxies if there are not sufficient votes at the time of the meeting to approve item 3			B	For

Lone Star Steakhouse & Saloon, Inc. Number of shares: 3,300		Cusip: 542307103 Ticker: STAR	Meeting Date: 12/15/04 Date Voted: 11/19/04
	Proposal			Proposed by*	Vote
1	To adopt the Company's 2004 Stock Option Plan			B	AgainstÖ

K-Swiss Inc. Number of shares: 14,600		Cusip: 482686102 Ticker: KSWS	Meeting Date: 12/15/04 Date Voted: 12/6/04
	Proposal			Proposed by*	Vote
1	To approve an amendment to the Company's 1999 Stock Incentive Plan to increase the number of shares subject thereto from 3,600,000 to 4,600,000 and to approve and ratify the Company's 1999 Stock Incentive Plan, as amended and restated			B	AgainstÖ
2	To approve the Company's Economic Value Added Bonus Plan, as amended, to company with section 162 (m) of the Internal Revenue Code			B	AgainstÖ

Johnson Controls, Inc. Number of shares: 1,800		Cusip: 478366107 Ticker: JCI	Meeting Date: 1/26/05 Date Voted: 12/14/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of PricewaterhouseCoopers LLP as independent auditors for 2005			B	For

Alberto-Culver Company Number of shares: 5,000		Cusip: 013068101 Ticker: ACV	Meeting Date: 1/27/05 Date Voted: 12/20/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Jabil Circuit, Inc. Number of shares: 6,150		Cusip: 466313103 Ticker: JBL	Meeting Date: 1/20/05 Date Voted: 12/20/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the selection of KPMG LLP as independent registered public accountants for Jabil			B	For

Courier Corporation Number of shares: 1,387		Cusip: 222660102 Ticker: CRRC	Meeting Date: 1/20/05 Date Voted: 12/23/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to approve an amendment to the 1993 Amended and Restated Stock Incentive Plan, which would increase the number of shares available for grant under the plan			B	AgainstÖ
3	Proposal to approve the adoption of the Courier Corporation 2005 Stock Equity Plan for Non-Employee Directors			B	AgainstÖ
4	Proposal to approve the appointment of Deloitte & Touche LLP as the independent auditors of the Corporation			B	For

D.R. Horton, Inc. Number of shares: 6,675		Cusip: 23331A109 Ticker: DHI	Meeting Date: 1/27/05 Date Voted: 12/23/04
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Amendment and restatement of the D.R. Horton, Inc. 1991 Stock Incentive Plan			B	AgainstÖ
3	In their discretion, the proxies are authorized to vote upon other business properly brought before the meeting or any adjournment			B	For

Moog Inc. Number of shares: 2,100		Cusip: 615394202 Ticker: MOG.A	Meeting Date: 1/12/05 Date Voted: 12/23/04
	Proposal			Proposed by*	Vote
1	Amendment to Restated Certificate of Incorporation			B	For
2	Election of directors			B	For
3	Ratification of Ernst & Young LLP as auditors for the year 2005			B	For

Becton, Dickinson and Company Number of shares: 1,500		Cusip: 075887109 Ticker: BDX	Meeting Date: 2/1/05 Date Voted: 1/3/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of independent auditors			B	For
3	Approval of the Performance Incentive Plan			B	AgainstÖ
4	Shareholder proposal - Cumulative voting			S	Against

Tyson Foods, Inc. Number of shares: 5,750		Cusip: 902494103 Ticker: TSN	Meeting Date: 2/4/05 Date Voted: 1/5/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve an Annual Incentive Compensation Plan for Senior Executive Officers			B	AgainstÖ
3	To approve the amendment and restatement of the Tyson Foods, Inc 2000 Stock Incentive Plan such that the grant of stock incentives can qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code			B	AgainstÖ
4	To ratify the selection of Ernst & Young as the Company's independent auditors for the fiscal year ending October 1, 2005			B	For
5	Shareholder proposal regarding the reporting of political contributions			S	Against
6	Shareholder proposal a sustainability report examining environmental impacts of both company-owned and contract farms			S	Against

Griffon Corporation Number of shares: 4,300		Cusip: 398433102 Ticker: GFF	Meeting Date: 2/16/05 Date Voted: 1/18/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

The Scotts Company Number of shares: 1,350		Cusip: 810186106 Ticker: SMG	Meeting Date: 1/27/05 Date Voted: 1/26/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the Scotts Company Employee Stock Purchase Plan			B	For
3	Approval and adoption of the restructuring of Scotts' corporate structure into a holding company by merging Scotts into a newly-created, wholly-owned, second-tier limited liability company subsidiary, The Scotts Company LLC, pursuant to the agreement and plan of merger attached to the Proxy Statement/ Prospectus and adoption of the agreement and plan of merger			B	For

Ameritrade Holding Corporation Number of shares: 8,600		Cusip: 03074K100 Ticker: AMTD	Meeting Date: 2/16/05 Date Voted: 2/3/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the appointment of Deloitte & Touche LLP as independent auditors for the Company for the fiscal l year ending September 30, 2005			B	For
3	To transact such other business as may properly come before the meeting or any [postponement or adjournment thereof			B	For

Helmerich & Payne, Inc. Number of shares: 2,300		Cusip: 423452101 Ticker: HP	Meeting Date: 3/2/05 Date Voted: 2/3/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Varco International, Inc. Number of shares: 6,750		Cusip: 922122106 Ticker: VRC	Meeting Date: 3/11/05 Date Voted: 2/17/05
	Proposal			Proposed by*	Vote
1	To approve the Amended and Restated Agreement and Plan of Merger, effective as of August 11, 2004, between National-Oilwell, Inc., a Delaware corporation, and Varco International, Inc., a Delaware corporation, as the same may be amended from time to time, pursuant to which Varco will be merged with and into National Oilwell			B	For
2	To approve any proposal to adjourn the special meeting for any reason, including to solicit additional proxies if there are not sufficient votes in favor of proposal 1			B	For
3	In their discretion of the persons acting as proxies, on such other matters as may properly come before the special meeting or any adjournment(s) thereof			B	For

KB Home Number of shares: 1,050		Cusip: 48666K109 Ticker: KBH	Meeting Date: 4/7/05 Date Voted: 3/9/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to amend the amended Certificate of Incorporation of KB Home to increase the number of authorized shares of KB Home common stock form 100 million shares to 300 million shares			B	For
3	Proposal to ratify Ernst & Young LLP as KB Home's independent auditors for the fiscal year ending November 30, 2005			B	For

M&T Bank Corporation Number of shares: 1,800		Cusip: 55261F104 Ticker: MTB	Meeting Date: 4/19/05 Date Voted: 3/9/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the M&T Bank Corporation 2005 Incentive Compensation Plan			B	AgainstÖ
3	To ratify the appointment of PricewaterhouseCoopers LLP as the independent public accountant of M&T Bank Corporation for the year ending December 31, 2005			B	For

Alcoa Inc. Number of shares: 2,400		Cusip: 013817101 Ticker: AA	Meeting Date: 4/22/05 Date Voted: 3/10/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to approve the independent auditor			B	For

Polaris Industries Inc. Number of shares: 1,900		Cusip: 731068102 Ticker: PII	Meeting Date: 4/21/05 Date Voted: 3/17/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of Amendments to the Polaris Industries Inc. Deferred Compensation Plan For Directors.			B	AgainstÖ
3	Approval of Amendments to the Polaris Industries Inc. 1996 Restricted Stock Plan.			B	AgainstÖ
4	Upon such other business as may properly come before the meeting or any adjournments thereof.			B	For

The Sherwin-Williams Company Number of shares: 4,300		Cusip: 824348106 Ticker: SHW	Meeting Date: 4/20/05 Date Voted: 3/17/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of appointment of independent registered public accounting firm			B	For

Arkansas Best Corporation Number of shares: 1,800		Cusip: 040790107 Ticker: ABFS	Meeting Date: 4/20/05 Date Voted: 3/21/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm.			B	For
3	Approval of the executive officer annual incentive compensation plan.			B	AgainstÖ
4	Approval of the 2005 ownership incentive plan.			B	AgainstÖ

Golden West Financial Corporation Number of shares: 4,100		Cusip: 381317106 Ticker: GDW	Meeting Date: 4/26/05 Date Voted: 3/21/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the 2005 stock incentive plan.			B	AgainstÖ
3	Ratification of the selection of Deloitte & Touche LLP to serve as the company's independent outside auditors.			B	For

T. Rowe Price Group, Inc. Number of shares: 3,600		Cusip: 74144T108 Ticker: TROW	Meeting Date: 4/26/05 Date Voted: 3/21/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of KPMG LLP as price group's independent accountant for fiscal.			B	For
3	In their discretion, the proxies are authorized to vote upon such other business and further business as may properly come before the meeting or any adjournments and postponements thereof.			B	For

Manpower Inc. Number of shares: 2,600		Cusip: 56418H100 Ticker: MAN	Meeting Date: 4/26/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the increase in the number of shares authorized for issuance under the Manpower 1990 employee stock purchase plan.			B	AgainstÖ
3	Approval of amendments to the 2003 equity incentive plan of Manpower Inc to add performance-based equity incentive awards and to make related changes.			B	AgainstÖ

Bank of Hawaii Corporation Number of shares: 3,900		Cusip:062540109 Ticker: BOH	Meeting Date: 4/29/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval Of Bank Of Hawaii Corporation Amended And Restated Director Stock Compensation Plan.			B	AgainstÖ
3	Ratification of selection of independent registered public accounting firm.			B	For

Covance Inc. Number of shares: 5,100		Cusip: 222816100 Ticker: CVD	Meeting Date: 4/28/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Graco Inc. Number of shares: 5,062 Cusip: 384109104 Ticker: GGG Meeting Date: 4/22/05 Date Voted: 3/22/05

	Proposal	Proposed by*	Vote
1	Election of directors	B	For
2	Ratification of appointment of Deloitte & Touche LLp as independent auditors.	B	For

Humana Inc. Number of shares: 4,700		Cusip: 444859102 Ticker: HUM	Meeting Date: 4/26/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Paccar Inc. Number of shares: 1,566		Cusip: 693718108 Ticker: PCAR	Meeting Date: 4/26/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Stockholder proposal regarding annual election of the entire board of directors.			S	Against
3	Stockholder proposal regarding director vote threshold.			S	Against

TCF Financial Corporation Number of shares: 6,400		Cusip: 872275102 Ticker: TCB	Meeting Date: 4/27/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Re-approval of the directors stock program.			B	AgainstÖ
3	Advisory vote on the appointment of KPMG LLP as independent registered public accountants.			B	For

Wisconsin Energy Corporation Number of shares: 3,100		Cusip: 976657106 Ticker: WEC	Meeting Date: 5/05/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of Deloitte & Touche LLP as independent auditors.			B	For

American Standard Companies, Inc. Number of shares: 2,694		Cusip: 029712106 Ticker: ASD	Meeting Date: 5/03/05 Date Voted: 3/23/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Directors' Proposal - Ratification Of The Appointment Of Ernst & Young LLP As Independent Certified Public Accountants			B	For

Ametek, Inc. Number of shares: 4,000		Cusip: 031100100 Ticker: AME	Meeting Date: 4/26/05 Date Voted: 3/23/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to approve an amendment to the 2002 Stock Incentive Plan of Ametek, Inc.			B	AgainstÖ
3	Proposal to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm.			B	For

Banta Corporation Number of shares: 3,500		Cusip: 066821109 Ticker: BN	Meeting Date: 4/26/05 Date Voted: 3/23/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of The Banta Corporation 2005 Equity Incentive Plan.			B	AgainstÖ
3	Ratification of the appointment of Ernst & Young LLP as the independent auditors for the corporation.			B	For

Carlisle Companies Incorporated Number of shares: 2,100		Cusip: 142339100 Ticker: CSL	Meeting Date: 4/20/05 Date Voted: 3/23/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approve the company's amended and restated nonemployee director equity plan.			B	AgainstÖ

Telephone And Data Systems, Inc. Number of shares: 2,250		Cusip: 879433100 Ticker: TDS	Meeting Date: 4/11/05 Date Voted: 3/23/05
	Proposal			Proposed by*	Vote
1	Amendment to restated certificate of incorporation.			B	For
2	Amendments to 2004 long-term incentive plan.			B	AgainstÖ
3	Amendments to 2003 employee stock purchase plan.			B	For
4	Non-employee director compensation plan.			B	AgainstÖ

Autoliv, Inc Number of shares: 2,300		Cusip: 052800109 Ticker: ALV	Meeting Date: 4/26/05 Date Voted: 3/28/05
	Proposal			Proposed by*	Vote
1	Election of directors.			B	For
2	Approval of Ernst & Young AB as independent auditors of the company.			B	For

Doral Financial Corporation Number of shares: 11,950		Cusip: 25811P100 Ticker: DRL	Meeting Date: 4/20/05 Date Voted: 3/28/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Appointment Of PRICEWATERHOUSECOOPERS LLP as independent registered public accounting firm.			B	For

Amerus Group Co. Number of shares: 3,850		Cusip: 03072M108 Ticker: AMH	Meeting Date: 4/28/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to amend the company's 2003 stock incentive plan.			B	AgainstÖ
3	Proposal to approve performance-based procedures to be followed in granting incentive compensation awards.			B	AgainstÖ
4	Proposal to ratify the appointment of Ernst & Young LLP as independent auditors of the company			B	For

Ball Corporation Number of shares: 3,200		Cusip: 058498106 Ticker: BLL	Meeting Date: 4/27/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to ratify The Appointment Of PRICEWATERHOUSECOOPERS LLP as the independent auditor for the corporation.			B	For
3	Proposal to approve the 2005 stock and cash incentive plan.			B	AgainstÖ
4	Proposal to amend the amended articles of incorporation to increase The Amount Of Authorized Common Stock From 240.000.000 to 550.000.000 shares.			B	For
5	Proposal to declassify The Board Of Directors so that all directors are elected annually.			S	Against

Banner Corporation Number of shares: 3,300		Cusip: 06652V109 Ticker: BANR	Meeting Date: 4/26/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

C.R. Bard, Inc. Number of shares: 5,600		Cusip: 067383109 Ticker: BCR	Meeting Date: 4/20/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of KPMG LLP as independent auditors for 2005.			B	For
3	Shareholder proposal relating to workplace code of conduct based on international labor organization conventions.			S	Against

Boston Beer Company, Inc. Number of shares: 4,050		Cusip: 100557107 Ticker: SAM	Meeting Date: 5/04/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the appointment by the class a directors on February 15, 2005 of Davis A. Burwick as a class a director to fill the vacancy created by the resignation of James C. Kautz.			B	For

Marathon Oil Corporation Number of shares: 5,179		Cusip: 565849106 Ticker: MRO	Meeting Date: 4/27/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of PRICEWATERHOUSECOOPERS LLP as independent auditors			B	For
3	Stockholder proposal to declassify the board of directors			S	Against
4	Stockholder proposal to elect directors by a majority vote.			S	Against

Zimmer Holdings, Inc. Number of shares: 800		Cusip: 98956P102 Ticker: ZMH	Meeting Date: 5/02/05 Date Voted: 3/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Amendment to ZIMMER HOLDINGS, INC TEAMSHARE STOCK OPTION PLAN			B	AgainstÖ
3	Auditor Ratification			B	For
4	Stockholder proposal relating to auditor independence			S	Against

Albemarle Corporation Number of shares: 2,150		Cusip: 012653101 Ticker: ALB	Meeting Date: 4/20/05 Date Voted: 3/31/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	The proposal to ratify the appointment of PRICEWATERHOUSECOOPERS LLP as the company's independent registered public accounting firm.			B	For

Pogo Producing Company Number of shares: 2,950		Cusip: 730448107 Ticker: PPP	Meeting Date: 4/26/05 Date Voted: 4/01/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of PRICEWATERHOUSECOOPERS LLP as independent accountants to audit the financial statements of the company.			B	For

Brunswick Corporation Number of shares: 3,800		Cusip: 117043109 Ticker: BC	Meeting Date: 5/04/05 Date Voted: 4/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the audit committee's selection of Ernst & Young LLP as independent registered public accounting firm.			B	For

Choicepoint Inc. Number of shares: 4,300		Cusip: 170388102 Ticker: CPS	Meeting Date: 4/28/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to approve an amendment to the CHOICEPOINT INC. 2003 Omnibus Incentive Plan to increase the number of shares of common stock that may be issued under the plan from 3,500,000 to 7,500,000.			B	AgainstÖ
3	Proposal to ratify the appointment of Deloitte & Touche LLP as independent registered public accountants for Choicepoint.			B	For

Columbia Banking System, Inc. Number of shares: 4,200		Cusip: 197236102 Ticker: COLB	Meeting Date: 4/27/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	A proposal to Amend Columbia's 2000 amended and restated stock option plan to (I) increase the number of shares available under the plan; (II) provide for the issuance of restricted stock awards, stock appreciation rights and restricted sock units; and (III) add a provision to prohibit the reprising of stock options.			B	AgainstÖ
3	A proposal to amend Columbia's articles of incorporation to (I) eliminate the Director nomination procedures and (II) make certain technical amendments.			B	For

Knight-Ridder, Inc.. Number of shares: 1,300		Cusip: 499040103 Ticker: KRI	Meeting Date: 4/26/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify the appointment of Ernst & Young LLP.			B	For
3	Approve the material terms of the annual incentive plan.			B	AgainstÖ
4	Approve the amendment and restatement of the employee stock option plan.			B	AgainstÖ
5	Approve the amendment of the employee stock option plan.			B	AgainstÖ
6	Shareholder proposal relating to separating the positions of CHAIRMAN and CEO			S	Against

L-3 Communications Holdings, Inc. Number of shares: 5,582		Cusip: 502424104 Ticker: LLL	Meeting Date: 4/26/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Appointment of PRICEWATERHOUSECOOPERS LLP as independent auditors.			B	For

Prologis. Number of shares: 5,000		Cusip: 743410102 Ticker: PLD	Meeting Date: 5/18/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of amendment to the company's declaration of trust to eliminate the classified board of trustees and provide for the annual election of trustees.			B	For
3	Ratify the appointment of the independent registered public accounting firm for 2005.			B	For
4	To vote and otherwise represent the undersigned on any other matter that may properly come before the meeting or any adjournment or postponement thereof in the discretion of the proxy holder.			B	For

Valero Energy Corporation. Number of shares: 4,600		Cusip: 91913Y100 Ticker: VLO	Meeting Date: 4/28/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify the appointment of KPMG LLP as Valero's Independent Registered Public Accounting Firm.			B	For
3	Approve the 2005 Omnibus Stock Incentive Plan.			B	AgainstÖ

Torchmark Corporation. Number of shares: 3,600		Cusip: 891027104 Ticker: TMK	Meeting Date: 4/28/05 Date Voted: 4/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of auditors.			B	For
3	2005 Non-Employee Director Incentive Plan			B	AgainstÖ
4	2005 Incentive Plan.			B	AgainstÖ
5	Shareholder Proposal regarding diversity of the Board of Directors.			S	Against

Administaff, Inc. Number of shares: 5,400		Cusip: 007094105 Ticker: ASF	Meeting Date: 5/05/05 Date Voted: 4/06/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the amendment and restatement of the 2001 incentive plan.			B	AgainstÖ
3	To ratify the appointment of Ernst & Young LLP as the company's independent auditors.			B	For

ITT Educational Services, Inc.
Number of shares: 4,200 Cusip: 45068B109 Ticker: ESI   Meeting Date: 5/03/05 Date Voted: 4/06/05  

	Proposal	Proposed by*	Vote
1	Election of directors	B	For
2	Approval of the amendment of ITT/ ESI'S restated certificate of incorporation to increase the number of authorized shares of ITT/ ESI common stock, $0.01 par value per share from 150.000.000 to 300.000.000.	B	For

Norfolk Southern Corporation. Number of shares: 6,830		Cusip: 655844108 Ticker: NSC	Meeting Date: 5/12/05 Date Voted: 4/06/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of KPMG LLP, Independent Registered Public Accounting Firm, as auditors.			B	For
3	Approval of The Norfolk Southern Corporation Long-Term Incentive Plan, as amended			B	AgainstÖ
4	Approval of The Norfolk Southern Corporation Executive Management Incentive Plan, as Amended.			B	AgainstÖ

Storage Technology Corporation. Number of shares: 3,800		Cusip: 862111200 Ticker: STK	Meeting Date: 4/27/05 Date Voted: 4/06/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify the section of the independent registered public accounting firm.			B	For
3	Approval of Stockholder proposal Regarding Cumulative voting.			S	Against
4	Approval of a Stockholder Proposal Regarding Counting of Abstentions.			S	Against

Amerada Hess Corporation. Number of shares: 1,000		Cusip: 023551104 Ticker: AHC	Meeting Date: 5/04/05 Date Voted: 4/07/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the selection of Ernst & Young LLP as independent auditors.			B	For

Nationwide Financial Services, Inc. Number of shares: 4,800		Cusip: 638612101 Ticker: NFS	Meeting Date: 5/04/05 Date Voted: 4/07/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of KPMG LLP as independent auditors of the company.			B	For

CIT Group Inc. Number of shares: 5,700		Cusip: 125581108 Ticker: CIT	Meeting Date: 5/11/05 Date Voted: 4/12/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of PRICEWATERHOUSECOOPERS LLP as independent accounts.			B	For
3	To transact such other business that may come before the meeting.			B	For

Mohawk industries, Inc. Number of shares: 1,000		Cusip: 608190104 Ticker: MHK	Meeting Date: 5/18/05 Date Voted: 4/12/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Telephone And Data Systems, Inc. Number of shares: 2,250		Cusip: 879433100 Ticker: TDS	Meeting Date: 5/05/05 Date Voted: 4/12/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify Accountants for 2005.			B	For

BIO-RAD Laboratories, Inc. Number of shares: 2,050		Cusip: 090572207 Ticker: BIO	Meeting Date: 4/26/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to ratify the selection of Deloitte & Touche LLP to serve as the company's independent auditors.			B	For
3	Proposal to amend the amended and restated 1988 employee stock purchase plan to increase the number of shares authorized for sale there under by 500,000.			B	For

North Fork Bancorporation, Inc. Number of shares: 6,075		Cusip: 659424105 Ticker: NFB	Meeting Date: 5/03/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Amendment of certificate of incorporation to increase authorized shares of common stock from 500 million shares to 1 billion shares.			B	For
3	Ratification of KPMG LLP as company's independent auditor for fiscal year 2005.			B	For

NSTAR Number of shares: 1,300		Cusip: 67019E107 Ticker: NST	Meeting Date: 4/28/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the appointment of PRICEWATERHOUSECOOPERS LLP as the company's independent public accountants for 2005.			B	For
3	To amend section 28 of the company's declaration of trust to increase the number of the company's authorized common shares from 100,000,000 to 200,000,000.			B	For

NU Skin Enterprises, Inc. Number of shares: 4,350		Cusip: 67018T105 Ticker: NUS	Meeting Date: 5/10/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the selection of PRICEWATERHOUSECOOPERS LLP as the company's independent registered public accounting firm.			B	For

Yellow Roadway Corporation. Number of shares: 1,650		Cusip: 985577105 Ticker: YELL	Meeting Date: 5/19/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	The ratification of the appointment of KPMG LLP as independent public accountants of the company for 2005.			B	For

Centurytel, Inc. Number of shares: 1,850		Cusip: 156700106 Ticker: CTL	Meeting Date: 5/12/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify the selection of KPMG LLP as the company's independent auditor for 2005.			B	For
3	Approval of the 2005 Management Incentive Compensation Plan.			B	AgainstÖ
4	Approval of the 2005 Directors Stock Plan.			B	AgainstÖ
5	Approval of the 2005 Executive Officer Short-Term Incentive Program.			B	AgainstÖ

Dentsply International Inc. Number of shares: 5,250		Cusip: 249030107 Ticker: XRAY	Meeting Date: 5/11/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to ratify the appointment of PRICEWATERHOUSECOOPERS LLP, independent accountants, to audit the books and accounts of the company.			B	For
3	Proposal to approve the Dentsply International Inc. 2002 Amended And Restated Equity Incentive Plan.			B	AgainstÖ

K-Swiss Inc. Number of shares: 14,600		Cusip: 482686102 Ticker: KSWS	Meeting Date: 5/19/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of Grant Thornton LLP as the independent auditor.			B	For

Kinder Morgan, Inc. Number of shares: 2,600		Cusip: 49455P101 Ticker: KMI	Meeting Date: 5/10/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Board proposal to amend our restated articles of incorporation to increase our authorized common stock, par value $5.00 per share, from 150.000.000 shares to 300.000.000 shares.			B	For
3	Board proposal to Approve Our 2005 Annual Incentive Plan.			B	AgainstÖ
4	Board proposal to Approve Our Non-Employee Directors Stock Awards Plan.			B	AgainstÖ
5	Board proposal to ratify and approve the selection of PRICEWATERHOUSECOOPERS LLP as Our Independent Registered Public Accounting Firm for 2005.			B	For

LIZ Claiborne Inc. Number of shares: 2,700		Cusip: 539320101 Ticker: LIZ	Meeting Date: 5/19/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of Deloitte & Touche LLP as Independent Registered Public Accounting Firm For Fiscal 2005.			B	For
3	Approval Of The LIZ Claiborne, Inc. Section 162(M) Long Term Performance Plan.			B	AgainstÖ
4	Approval Of The LIZ Claiborne, Inc. 2005 Stock Incentive Plan.			B	AgainstÖ

Republic Services, Inc. Number of shares: 4,300		Cusip: 760759100 Ticker: RSG	Meeting Date: 5/12/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification Of Independent Public Accountants.			B	For
3	Stockholder Proposal To Require Stockholder Approval Of Future Severance Agreements.			S	ForÖ

Heidrick & Struggles International, Inc. Number of shares: 3,200		Cusip: 422819102 Ticker: HSII	Meeting Date: 5/17/05 Date Voted: 4/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Hospitality Properties Trust. Number of shares: 4,400		Cusip: 44106M102 Ticker: HPT	Meeting Date: 5/11/05 Date Voted: 4/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Commerce Bancorp, Inc. Number of shares: 2,300		Cusip: 200519106 Ticker: CBH	Meeting Date: 5/17/05 Date Voted: 4/20/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	The Ratification of The Appointment of The Independent Registered Public Accounting Firm, As More Fully Described In The Accompanying Proxy Statement.			B	For

Minerals Technologies Inc. Number of shares: 1,100		Cusip: 603158106 Ticker: MTX	Meeting Date: 5/25/05 Date Voted: 4/20/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of appointment of independent registered public accounting firm.			B	For

The Commerce Group, Inc. Number of shares: 2,300		Cusip: 200641108 Ticker: CGI	Meeting Date: 5/20/05 Date Voted: 4/26/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Fossil, Inc. Number of shares: 5,827		Cusip: 349882100 Ticker: FOSL	Meeting Date: 5/25/05 Date Voted: 4/26/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For

Expressjet Holding, Inc. Number of shares: 2,600		Cusip: 30218U108 Ticker: XJT	Meeting Date: 5/11/05 Date Voted: 4/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of independent auditors.			B	For
3	Please mark this box only if stock owned of record or beneficially by you is owned or controlled by persons who are not U.S. Citizens (as defined in the proxy statement)			B	None

Curtiss-Wright Corporation Number of shares: 1,800		Cusip: 231561101 Ticker: CW	Meeting Date: 5/19/05 Date Voted: 4/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to combine the company's two classes of common stock into A single class of common stock by converting the common stock and class B common stock into a new class of common stock on A one-for-one basis.			B	For
3	Proposal to amend the company's restated certificate of incorporation to increase the number of authorized shares of common stock from 45,000,000 shares to 1,000,000 shares.			B	For
4	Proposal to approve The Company's 2005 Omnibus Long-Term Incentive Plan.			B	AgainstÖ
5	Proposal to approve The Company's 2005 Stock Plan For Non-Employee Directors.			B	AgainstÖ
6	Proposal to Approve The Appointment Of Deloitte & Touche, LLP as the company's independent accountants for 2005.			B	For

Health Care Property Investors, Inc. Number of shares: 2,100		Cusip: 421915109 Ticker: HCP	Meeting Date: 5/12/05 Date Voted: 4/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of Ernst & Young LLP as independent Auditors.			B	For
3	Approval of proposal to issue report on Greenhouse Gas Emissions And Environmental Efficiency.			S	Against

Kimco Realty Corporation Number of shares: 3,700		Cusip: 49446R109 Ticker: KIM	Meeting Date: 5/17/05 Date Voted: 4/29/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To amend the charter of the company to (A) increase the number of shares of stock that the company has the authority to issue and (B) increase the number of authorized shares of common stock from 200,000,000 shares to 300,000,000 shares and (C) increase the number of authorized shares of excess stock of the company.			B	For

Centerpoint Energy, Inc. Number of shares: 12,600		Cusip: 15189T107 Ticker: CNP	Meeting Date: 6/02/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the Appointment Of Deloitte & Touche LLP as independent auditors.			B	For
3	Shareholder proposal relating to electing all directors annually and elimination of director classes with staggered terms.			S	Against
4	Withhold Granting Of Discretionary Authority to vote on all other matters that may properly come before the annual meeting.			S	Against

Delphi Financial Group, Inc. Number of shares: 5,400		Cusip: 247131105 Ticker: DFG	Meeting Date: 5/24/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the amendment to the restated certificate of incorporation of the company to increase the number of authorized shares of the company's class A common stock from 40,000,000 shares to 150,000,000 shares.			B	For
3	Approval of the amendment to the restated certificate of incorporation of the company to increase the number of authorized shares of the company's preferred stock from 10,000,000 shares to 50,000,000 shares.			B	For
4	To transact such other business as properly comes before the meeting or any adjournment thereof.			B	For

Hilton Hotels Corporation. Number of shares: 9,100		Cusip: 432848109 Ticker: HLT	Meeting Date: 5/26/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of The Appointment of Ernst & Young LLP to serve as The Company's Independent Registered Public Accounting Firm for 2005.			B	For
3	A Stockholder proposal concerning Stockholder Approval of Severance Agreements.			S	ForÖ
4	A Stockholder proposal concerning voting standards for the election of directors.			S	Against

Hudson City Bancorp, Inc. Number of shares: 2,100		Cusip: 443683107 Ticker: HCBK	Meeting Date: 5/27/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval Of The Amended And Restated Plan Of Conversion And Reorganization.			B	For
3	Approval Of The Amended And Restated Certificate Of Incorporation.			B	For
4	Approval Of The Executive Officer Annual Incentive Plan Of Hudson City Bancorp Inc.,			B	AgainstÖ
5	Ratification Of The Appointment Of KPMG LLP as Independent Auditors.			B	For
6	To adjourn the annual meeting if necessary to permit further solicitation of proxies if there are not sufficient votes at the time of the annual meeting to approve proposal 2.			B	For

Office Depot, Inc. Number of shares: 7,700		Cusip: 676220106 Ticker: ODP	Meeting Date: 5/13/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify our audit committee's Appointment of Deloitte & Touche LLP as our Independent Accountants For The Term Described In This Proxy Statement.			B	For
3	To consider a proposal from a Shareholder Recommending: (1) that our board amend the bylaws to provide that no corporate officer shall receive annual compensation in excess of the limits established by the internal revenue code for deductibility of employee remuneration and certain other matters, all as more fully described in the proxy statement.			S	ForÖ
4	To consider a proposal from a Shareholder Recommending that our board of directors amend the governance documents (certificate of incorporation or bylaws) of the company to provide that director nominees shall be elected by the affirmative vote of the majority of the votes cast at an annual meeting of Shareholders.			S	Against

PacifiCare Health Systems, Inc. Number of shares: 2,375		Cusip: 695112102 Ticker: PHS	Meeting Date: 5/19/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval Of The PacifiCare Health Systems, Inc. 2005 Equity Incentive Plan.			B	AgainstÖ
3	Ratification Of Selection Of Ernst & Young LLP as Independent Auditors for 2005			B	For

Ventas, Inc. Number of shares: 4,550		Cusip: 92276F100 Ticker: VTR	Meeting Date: 5/24/05 Date Voted: 5/04/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify The Appointment Of Ernst & Young LLP s The Independent Auditors for fiscal year 2005.			B	For
3	To Adopt the Ventas Employee And Director Stock Purchase Plan.			B	For

Devon Energy Corporation Number of shares: 5,000		Cusip: 25179M103 Ticker: DVN	Meeting Date: 6/08/05 Date Voted: 5/05/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratify The Appointment Of KPMG LLP as The Company's Independent Auditors.			B	For
3	Adoption Of The Devon Energy Corporation 2005 Long-Term Incentive Plan.			B	AgainstÖ
4	Revised Director Election Vote Standard.			B	Against

Yellow Roadway Corporation Number of shares: 1,650		Cusip: 985577105 Ticker: YELL	Meeting Date: 5/23/05 Date Voted: 5/05/05
	Proposal			Proposed by*	Vote
1	Proposal to approve the issuance of shares of Yellow Roadway common stock pursuant to the agreement and plan of merger, dated as of February 27, 2005, by and among Yellow roadway, Yankee II LLC, A Wholly Owned Subsidiary Of Yellow Roadway, and USF Corporation.			B	For
2	Proposal to approve adjournments and postponements of the special meeting, if necessary, to permit further solicitation of proxies if there are not sufficient votes at the time of the special meeting to approve the above proposal.			B	For

The Titan Corporation Number of shares: 1,450		Cusip: 888266103 Ticker: TTN	Meeting Date: 6/07/05 Date Voted: 5/10/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the selection of KPMG LLP as The Company's Auditors.			B	For

New Century Financial Corporation Number of shares: 1,550		Cusip: 6435EV108 Ticker: NEW	Meeting Date: 5/17/05 Date Voted: 5/11/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the amendment to The New Century Financial Corporation 2004 Performance Incentive Plan, as more fully described in the proxy statement.			B	AgainstÖ
3	To ratify KPMG LLP'S Appointment as the The Company's Independent Registered Public Accounting Firm For 2005.			B	For

Anteon International Corporation Number of shares: 9,750		Cusip: 03674E108 Ticker: ANT	Meeting Date: 5/25/05 Date Voted: 5/12/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To ratify The Selection Of KPMG LLP as The Company's Independent Auditors.			B	For

American Eagle Outfitters, Inc. Number of shares: 2,800		Cusip: 02553E106 Ticker: AEOS	Meeting Date: 6/15/05 Date Voted: 5/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approve The Company's 2005 Stock Award And Incentive Plan.			B	AgainstÖ

AutoDesk, Inc. Number of shares: 8,500		Cusip: 052769106 Ticker: ADSK	Meeting Date: 6/23/05 Date Voted: 5/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Proposal to approve AutoDesk's 2006 Stock Plan And The Reservation Of 25,000,000 Shares Of AutoDesk's Common Stock For Issuance There under.			B	For
3	Proposal to approve AutoDesk's amended and restated certificate of incorporation, increasing the number of authorized shares of common stock from 400 million shares to 750 million shares.			B	For
4	Proposal to approve AutoDesk's executive incentive plan.			B	AgainstÖ
5	Proposal to ratify the appointment of Ernst & Young LLP as AutoDesk's Independent Registered Public Accounting Firm .			B	For

A. G. Edwards, Inc. Number of shares: 1,757		Cusip: 281760108 Ticker: AGE	Meeting Date: 6/23/05 Date Voted: 5/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve an amendment to the company's 1988 incentive stock plan to increase the number of shares of common stock available under the plan.			B	AgainstÖ
3	To approve an amendment to the company's 2002 employee stock purchase plan to increase the number of shares of common stock available under the plan.			B	For
4	To approve the company's non-employee director stock compensation plan			B	AgainstÖ
5	To ratify the appointment of Deloitte & touché LLP as independent Auditors of the company.			B	For

Kenneth Cole Productions, Inc. Number of shares: 4,250		Cusip: 193294105 Ticker: KCP	Meeting Date: 5/26/05 Date Voted: 5/19/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	To approve the amendment of the Kenneth Cole Productions, Inc. 2004 Stock incentive Plan.			B	AgainstÖ
3	To ratify the selection by the board of directors of Ernst & young LLP as Independent Public Accountants for the company.			B	For

Centex Corporation Number of shares: 2,800		Cusip: 152312104 Ticker: CTX	Meeting Date: 7/14/05 Date Voted: 6/15/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification of the appointment of independent registered public accounting firm.			B	For

Symantec Corporation Number of shares: 9,976		Cusip: 871503108 Ticker: SYMC	Meeting Date: 6/24/05 Date Voted: 6/16/05
	Proposal			Proposed by*	Vote
1	To approve the issuance and reservation for issuance of Symantec Common Stock to holders of veritas software corporation securities pursuant to the agreement and plan of reorganization dated December 15, 2004, by and among Symantec, Carmel Acquisition Corp, a wholly owned subsidiary of Symantec, and Veritas, as the same may be amended from time to time.			B	For
2	To approve amendments to Symantec's Certificate Of Incorporation to increase the authorized number of shares of common stock of Symantec from 1,600,000,000 shares, $0.01 par value per share, to 3,000,000,000 shares, $0.01 par value per share, and to authorize one share of A class of special voting stock, $1.00 par value per share.			B	For
3	To adjourn the special meeting, if necessary, if A quorum is present, to solicit additional proxies if there are not sufficient votes in favor of the foregoing proposals.			B	For

Legg Mason, Inc. Number of shares: 1,950		Cusip: 524901105 Ticker: LM	Meeting Date: 7/19/05 Date Voted: 6/24/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Re-Approval of The Legg Mason, Inc. Executive Incentive Compensation Plan.			B	AgainstÖ
3	Approval of The Legg Mason, Inc. Non-employee Director Equity Plan.			B	AgainstÖ

National Oilwell Varco, Inc.. Number of shares: 5,645		Cusip: 637071101 Ticker: NOV	Meeting Date: 7/22/05 Date Voted: 6/24/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Ratification Of Independent Auditors.			B	For

Public Service Enterprise Group Inc. Number of shares: 1,300		Cusip: 744573106 Ticker: PEG	Meeting Date: 7/19/05 Date Voted: 6/24/05
	Proposal			Proposed by*	Vote
1	Election of directors			B	For
2	Approval of the agreement and plan of merger with exelon corporation.			B	For
3	Ratification of the appointment of Deloitte & Touche as Independent Auditor.			B	For
4	Approval to Adjourn or Postpone Annual Meeting.			B	For
5	Shareholder proposal relating to executive compensation.			S	ForÖ

Thomas White International Funds

Proxy Voting Record

Year ended June 30, 2005

Unless otherwise indicated, all votes cast during the reporting period were cast for the recommendation of the issuer's management.

POSCO Number of shares: 8,800 Cusip: 693483109 Ticker: PKX Meeting Date: 2/25/05 Date Voted: 2/17/05

	Proposal	Proposed by*	Vote
1	Approval of balance sheet, income statement, and the statement of appropriation of retained earnings for the 37th fiscal year (from January 1, 2004 to December 31, 2004)	B	For
2A-2D	Election of directors	B	For
3	Approval of the ceiling amount of total remuneration for directors in fiscal year 2005	B	For

TDC A/S Number of shares: 12,800		Cusip: 5698790 Ticker: TDC DC	Meeting Date: 3/17/05 Date Voted: 3/9/05
	Proposal			Proposed by*	Vote
1	Elect Chairman of Meeting			B	For
2	Receive report of Board (non voting)
3	Receive and accept financial statements and statutory reports			B	For
4	Approve discharge of Management and Board			B	For
5	Approve allocation of income			B	For
6	Election of directors			B	For
7	Approve DDK 90.4 million reduction in share capital via share cancellation			B	For
8	Amend Articles re: Remove ownership limitation			B	For
9	Amend Articles re: Stipulate that AGM appoints one (instead of two) auditors			B	For
10	Amend Articles re: Stipulate that Chairman be elected by Board (instead of general meeting)			B	For
11	Ratify PricewaterhouseCoopers as auditors			B	For
12	Authorize repurchase of up to ten percent of issued share capital			B	For
13	Other business (non voting)

Rio Tinto Plc Number of shares: 7,300 Cusip: 767204100 Ticker: RTP US Meeting Date: 4/14/05 Date Voted: 3/21/05

	Proposal	Proposed by*	Vote
1	Authority to allot relevant securities under Section 80 of the Companies Act 1985	B	For
2	Authority to allot equity securities for cash under Section 89 of the Companies Act 1985	B	For
3	Authority to purchase Rio Tinto Plc shares by the Company or Rio Tinto Limited	B	For
4	Authority to purchase Rio Tinto Limited shares, off market by tender, by Rio Tinto Limited	B	For
5	Amendments to the Artifices of Association of the Company and the Constitution of Rio Tinto Limited	B	For
6	Amendments to the DLC Merger Sharing Agreement	B	For
7	Approval of the Rio Tinto Shares Savings Plan	B	For
8-11	Election of directors	B	For
12	Re-appointment of PricewaterhouseCoopers LLP as auditors and authority for the Audit Committee to set their remuneration	B	For
13	Approval of remuneration report	B	For
14	Receive the annual report and financial statements of the year ended December 31, 2004	B	For

Woori Finance Holdings Co. Number of shares: 42,200		Cusip: 6534268 Ticker: 053000 KS	Meeting Date: Date Voted: 3/17/05
	Proposal			Proposed by*	Vote
1	Approve appropriation of income and dividends of KRW 150 per share			B	For
2	Elect director			B	For
3	Elect members of Audit Committee			B	For
4	Approve limit on remuneration of directors			B	For
5	Approve stock option grants			B	For

Philips Electronics NV Number of shares: 20,476 Cusip: 5986622 Ticker: PHIA NA Meeting Date: 3/31/05 Date Voted: 3/21/05

	Proposal	Proposed by*	Vote
1	Approve financial statements and statutory reports	B	For
2	Receive explanation on dividend and reserve policy (non-voting)
3	Approve dividend of EUR 0.4 ($0.52) per common share	B	For
4	Approve discharge of Management Board	B	For
5	Approve discharge of Supervisory Board	B	For
6	Discussion of corporate governance structure (non-voting)
7	Amend Articles to reflect recommendations of Dutch Corporate Governance Code and Amendments to Book 2 of Dutch Civil Code	B	For
8	Ratify KPMG Accountants NV as auditors	B	For
9-13	Election of directors	B	For
14	Approve remuneration of Supervisory Board	B	For
15	Grant Board authority to issue authorized yet unissued shares up to 10% (20% in connection with merger or acquisition ) of issued shares	B	For
16	Restricting/Excluding preemptive rights	B	For
17	Authorize repurchase of up to ten percent of issued share capital	B	For

Puma AG Number of shares: 1,000		Cusip: 5064722 Ticker: PUM GR	Meeting Date: 3/30/05 Date Voted: 3/21/05
	Proposal			Proposed by*	Vote
1	Receive financial statements and statutory reports			B	For
2	Approve allocation of income and dividends of EUR 1.00 per share			B	For
3	Approve discharge of Management Board for fiscal year 2004			B	For
4	Approve discharge of Supervisory Board for fiscal year 2004			B	For
5	Ratify PricewaterhouseCoopers GmbH as auditors			B	For
6	Authorize share repurchase program and reissuance of repurchased shares			B	For
7	Approve Stock Option Plan for Key Employees'; Approve creation of EUR 2.4 million pool of conditional capital to guarantee conversion rights			B	AgainstÖ
8	Approve remuneration of Supervisory Board members			B	For
9	Amend Articles re: Designate electronic publications for meeting announcements and invitation to shareholder meetings			B	For

Showa Shell Sekiyu KK Number of shares: 34,000		Cusip: 6805544 Ticker: 5002 JP	Meeting Date: 3/30/05 Date Voted: 3/22/05
	Proposal			Proposed by*	Vote
1	Approve allocation of income, including the following dividends; interim JY 15, final JY 15, special JY 0			B	For
2	Election of directors			B	For
3	Appoint internal statutory auditor			B	For
4	Appoint alternate internal statutory auditor			B	For

Nordea Bank AB Number of shares: 18,800		Cusip: 5380031 Ticker: NDA SS	Meeting Date: 4/8/05 Date Voted: 3/31/05
	Proposal			Proposed by*	Vote
1	Elect chairman of meeting			B	For
2	Prepare and approve list of shareholders			B	For
3	Approve agenda of meeting			B	For
4	Designate inspector of shareholder representative of minutes of meeting			B	For
5	Acknowledge proper convening of meeting			B	For
6	Receive financial statements and statutory reports			B	For
7	Accept financial statements and statutory reports			B	For
8	Approve allocation of income and dividends of EUR 0.28 per share			B	For
9	Approve discharge of Board and President			B	For
10	Determine number of members (11) and deputy members (0) of Board			B	For
11	Approve remuneration of directors in the amount of EUR 220,000 for chairman, EUR 90,000 for vice chairman, and EUR 70,000 for other directors plus EUR 1,000 per extraordinary Board meeting and Committee meeting; approve remuneration of auditors			B	For
12	Election of directors			B	For
13	Authorize Chairman of Board and representatives of four of Company's largest shareholders to serve on Nominating Committee			B	For
14	Amend corporate purpose			B	For
15	Approve EUR 55.5 million reduction in share capital via share cancellation			B	For
16	Authorize repurchase of up to 10% of issued share capital for purposes other than equity trading			B	For
17	Authorize repurchase of up to 1% of issued share capital for equity trading purposes			B	For
18	Approve remuneration policy and other terms of employment for executive management			B	For

Atlas Copco AB Number of shares: 11,700		Cusip: B08HBT8 Ticker: ATCOA SS	Meeting Date: 4/27/05 Date Voted: 3/31/05
	Proposal			Proposed by*	Vote
1	Share re-registration consent			B	For

Bunzl Plc Number of shares: 29,000		Cusip: B0744B3 Ticker: BNZL LN	Meeting Date: 5/18/05 Date Voted: 4/1/05
	Proposal			Proposed by*	Vote
1	Accept financial statements and statutory reports			B	For
2	Approve final dividend of 9.15 pence pence share			B	For
3-9	Election of directors			B	For
10	Reappointment of KPMG Audit Plc as auditors and authorize the Board to determine their remuneration			B	For
11	Approve remuneration report			B	For
12	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 39,700,000			B	For
13	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 5,635,000			B	For
14	Authorize 43,785 shares for market purchase			B	For
15	Amend Article of Association re: director's indemnities			B	For
16	Amend Articles of Association re: electronic voting			B	For
17	Amend Articles of Association re: treasury shares			B	For

Schering AG Number of shares: 15,300		Cusip: 4845757 Ticker: SCH GR	Meeting Date: 4/14/05 Date Voted: 4/5/05
	Proposal			Proposed by*	Vote
1	Receive financial statements and statutory reports for fiscal year 2004			B	For
2	Approve allocation of income and dividends of EUR 1.00 per dividend-bearing share			B	For
3	Approve discharge of Management board for fiscal year 2004			B	For
4	Approve discharge of Supervisory Board for fiscal year 2004			B	For
5	Ratify BDO Deutsche Warentreuhand AG as auditors for fiscal year 2005			B	For
6	Amend Articles re: Supervisory Board remuneration scheme			B	For
7	Amend Articles re: Calling of and registration for shareholder meetings due to proposed changes in German Law			B	For
8	Authorize share repurchase program and reissuance of repurchased shares			B	For
9	Approve Control and Profit and Loss Transfer Agreement with a subsidiary			B	For
10	Approve Transformation of Profit and Loss Transfer Agreements into Control and Profit and Loss Transfer Agreements			B	For

Barclays Plc Number of shares: 57,100		Cusip: 3134865 Ticker: BARC LN	Meeting Date: 4/28/05 Date Voted: 4/6/05
	Proposal			Proposed by*	Vote
1	Accept financial statements and statutory reports			B	For
2	Approve remuneration report			B	For
3-8	Election of directors			B	For
9	Reappoint PricewaterhouseCoopers LLP as auditors of the Company			B	For
10	Authorize Board to fix remuneration of the auditors			B	For
11	Approve Barclays Plc Performance Share Plan			B	For
12	Authorized the directors to establish supplements or appendices to the Performance Share Plan			B	For
13	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 538,163,237			B	For
14	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 80,724,485			B	For
15	Authorize 968,600,000 ordinary shares for market purposes			B	For

Akzo-Nobel NV Number of shares: 19,100		Cusip: 5458314 Ticker: AKZA NA	Meeting Date: 4/21/05 Date Voted: 4/6/05
	Proposal			Proposed by*	Vote
3a	Approve financial statements and statutory reports			B	For
3c	Adoption of dividend proposal			B	For
4a	Approve discharge of Management Board			B	For
4b	Approve discharge of Supervisory Board			B	For
5	Fix number of members of Management Board at 4			B	For
6	Election of directors			B	For
8a	Approve remuneration report containing remuneration policy for Management Board members			B	For
8b	Approve Performance Related Share Plan for Executives			B	AgainstÖ
8c	Approve Revised Performance Related Option Plan for Executives			B	AgainstÖ
9	Amend Articles to reflect recommendations of Dutch Corporate Governance Code and Amendments to Book 2 of Dutch Civil Code on two-tiered Company regime			B	For
10a	Grant Board authority to issue authorized yet unissued common and/or preferred shares up to 10 percent of issued share capital (20 percent in connection with merge or acquisition)			B	For
10b	Authorize Board to exclude preemptive rights from issuance under item 10a			B	For
11	Authorize repurchase of up to ten percent of issued share capital			B	For

OCE NV Number of shares: 30,000		Cusip: 5446751 Ticker: OCE NA	Meeting Date: 4/15/05 Date Voted: 4/7/05
	Proposal			Proposed by*	Vote
1	Open meeting (non-voting)
2	Receive report of supervisory board			B	For
3	Receive report of management board			B	For
4a	Approve financial statements and statutory reports			B	For
4b	Approve allocation of income and dividends of EUR 0.43 per share			B	For
5a	Approve discharge of management board			B	For
5b	Approve discharge of supervisory board			B	For
6	Grant board authority to issue authorized yet unissued ordinary and preference shares up to 50 percent of issued share capital			B	For
7	Authorize board to limit or exclude preemptive rights from share issuance under item 6			B	For
8	Authorize repurchase of up to ten percent of issued share capital			B	For
9	Supervisory board reelections			B	For
10	Director reelections			B	For
11	Announcements, allow questions, and close meeting (non-voting)

George Wimpey Plc Number of shares: 29,000		Cusip: 0971344 Ticker: WMPY LN	Meeting Date: 4/28/05 Date Voted: 4/11/05
	Proposal			Proposed by*	Vote
1	Accept financial statements and statutory reports			B	For
2	Approve final dividend of 10.8 pence per share			B	For
3-6	Election of directors			B	For
7	Reappoint PricewaterhouseCoopers LLP as auditors and authorize the Board to determine their remuneration			B	For
8	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 32,649,568			B	For
9	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 4,897,435			B	For
10	Authorize 39,179,481 ordinary shares for market purchase			B	For
11	Approve remuneration report			B	For

HBOS plc Number of shares: 35,700		Cusip: 3058750 Ticker: HBOS LN	Meeting Date: 4/27/05 Date Voted: 4/11/05
	Proposal			Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports			B	For
2	Approve Remuneration Report			B	For
3	Approve Final Dividend of 22/15 Pence Per Ordinary Share			B	For
4-8	Election of Directors			B	For
9	Reappoint KPMG Audit Plc as auditors and authorize the board to determine their remuneration			B	For
10	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 49,080,217			B	For
11	Authorize 392,565,936 ordinary shares for market purchase			B	For
12	Approve EU political donations up to GBP 100,000 and EU political expenditure up to GBP 100,000			B	For
13	Approve increase in authorized capital to GBP 4,685,000,000, EUR 3,000,000,000 and USD 4,500,000,000 by the creation of preference shares			B	For

ForeningsSparbanken Number of shares: 17,550		Cusip: 4846523 Ticker: FSPAA SS	Meeting Date: 4/21/05 Date Voted: 4/12/05
	Proposal			Proposed by*	Vote
1	Open meeting, receive Chairman's report			B	For
2	Elect Chairman of meeting			B	For
3	Prepare and approve list of shareholders			B	For
4	Approve agenda of meeting			B	For
5	Designate inspector or shareholder representative(s) of minutes of meeting			B	For
6	Acknowledge proper convening of meeting			B	For
7.1	Receive financial statements and statutory reports (non-voting)
7.2	Receive audit committee report (non-voting)
7.3	Receive President's report (non-voting)
7.4	Receive Auditor's report (non-voting)
8	Accept financial statements and statutory reports; accept consolidated financial statements and statutory reports			B	For
9	Approve allocation of income and dividends of SEK 6.50 per share			B	For
10	Approve discharge of Board and President			B	For
11	Amend articles re: updates to conform to new Banking and Financial Business Act; set range for board size (7-11 directors); chairman may be elected by general meeting; editorial changes			B	For
12	Determine number of members (8) and deputy members (0) of board			B	For
13	Approve remuneration of directors in the aggregate amount of SEK 5.8 million			B	For
14	Election of directors			B	For
15	Approve remuneration of auditors			B	For
16	Authorize chairman of board and representatives of four of company's largest shareholders to serve on nominating committee			B	For
17	Authorize repurchase of up to 2.5 percent of issued share capital for equity trading purposes			B	For
18	Authorize repurchase of up to 10 percent of issued share capital for purposes other than equity trading and reissuance of repurchased shares			B	For
19	Approve remuneration policy and other terms of employment for executive management			B	For
20	Other business (non-voting)
21	Close meeting			B	For

AXA Number of shares: 33,500 Cusip: 7088429 Ticker: CS FP Meeting Date: 4/20/05 Date Voted: 4/13/05

	Proposal	Proposed by*	Vote
1	Approve financial statements and statutory reports	B	For
2	Accept consolidated financial statements and statutory reports	B	For
3	Approve allocation of income and dividends of EUR 0.61 per share	B	For
4	Approve accounting transfer from special long-term capital gains account to ordinary reserve	B	For
5	Approve special auditors' report regarding related-party transactions	B	For
6	Confirm resignation and non-reelection of Thierry Breton as supervisory board member	B	For
7-12	Reelection, appointment and election of board members	B	For
13	Approve remuneration of directors in the aggregate amount of EUR 1 million	B	For
14	Authorize repurchase of up to ten percent of issued share capital special business	B	For
15	Authorize capitalization of reserves of up to EUR 1 billion for bonus issue or increase in par value	B	For
16	Authorize issuance of equity or equity-linked securities with preemptive rights up to aggregate nominal amount of EUR 1.5 billion	B	For
17	Authorize issuance of equity or equity-linked securities without preemptive rights up to aggregate nominal amount of EUR 1 billion	B	For
18	Authorize management board to set issue price for ten percent of issued capital pursuant to issue authority without preemptive rights.	B	For
19	Authorize board to increase capital in the event of demand exceeding amounts submitted to shareholder vote above.	B	For
20	Authorize capital increase of up to EUR 1 billion for future exchange offers	B	For
21	Authorize capital increase of up to ten percent of issued capital for future exchange offers	B	For
22	Authorize issuance of equity upon conversion of a subsidiary's equity-linked securities	B	For
23	Approve issuance of securities convertible into debt	B	For
24	Approve capital increase reserved for employees participating in savings-related share purchase plan	B	For
25	Authorize up to 0.5 percent of issued capital for use in restricted stock plan	B	For
26	Approve stock option plan grants	B	For
27	Approve reduction in share capital via cancellation of repurchased shares	B	For
28	Amend articles of association re: definition of related-party transactions	B	For
29	Amend articles re: stock option and restricted stock plans	B	For
30	Authorize filing of required documents/other formalities	B	For

Credit Suisse Group Number of shares: 28,650		Cusip: 7171589 Ticker: CSGN VX	Meeting Date: 4/29/05 Date Voted: 4/14/05
	Proposal			Proposed by*	Vote
1	Accept financial statements and statutory reports			B	For
2	Approve discharge of board and senior management			B	For
3	Approve allocation of income and dividends of CHF 1.50 per share			B	For
4	Authorize repurchase of up to ten percent of issued share capital			B	For
5.1	Reelection of directors			B	For
5.2	Ratify KPMG Klynveld Peat Marwick Goerdeler SA as Auditors			B	For
5.3	Ratify BDO Visura as Special Auditors			B	For
6	Extend authorization term for creation of CHF 22.7 million conditional capital			B	For

ING Groep NV Number of shares: 34,844 Cusip: 7154182 Ticker: INGA NA Meeting Date: 4/26/05 Date Voted: 4/14/05

	Proposal	Proposed by*	Vote
1	Open meeting;
2a	Receive reports of executive and supervisory boards
2b	Discussion on profit retention and distribution policy
3a	Approve financial statements and statutory reports	B	For
3b	Approve allocation of income and total dividends of EUR 1.07 per share	B	For
4a	Approve discharge of executive board	B	For
4b	Approve discharge of supervisory board	B	For
5a	Discuss and approve implementation of Dutch corporate governance code by company	B	For
5b	Discuss executive board profile (non-voting)
5c	Discuss supervisory board profile (non-voting)
6a-d	Re-elect/Elect board members	B	For
7	Approve stock option and incentive stock grants for members of executive board	B	For
8a	Grant board authority to issue 220 million ordinary shares restricting/excluding preemptive rights (plus 220 million ordinary shares in connection with merger)	B	For
8b	Grant board authority to issue 10 million preference B shares in connection with conversion of ING perpetuals III	B	For
9	Authorize repurchase of up to ten percent of issued share capital	B	For
10	Other business (non-voting)

Cemex SA de CV Number of shares: 9,623		Cusip: 151290889 Ticker: CX	Meeting Date: 4/28/05 Date Voted: 4/26/05
	Proposal			Proposed by*	Vote
A1	Presentation, discussion and, if applicable, approval of the financial statements for the fiscal year ended December 31, 2004, as requested by the Mexican Corporation Law and the Securities Market Law, after presentation of the reports			B	For
A2	Proposal for the allocation of profits and the maximum amount of funds to be used for the purchase of Company shares			B	For
A3	Proposal to increase the capital stock of the Company in its variable portion through capitalization charged against retained earnings, submitted for consideration of the shareholders at the meeting			B	For
A4	Appointment of directors and statutory auditors, according to the proposal of shareholders submitted for consideration			B	For
A5	Compensation of directors and statutory auditors, according to the proposal of shareholders submitted for consideration			B	For
A6	Appointment of delegates to formalize the resolutions adopted at the meeting			B	For
S1	Proposal to split each of the Company's series "A" and series "B" shares currently outstanding into two new shares of the same series and type of capital, fixed or variable, and to amend Article 6 of the Company's by-laws or estatutos sociales			B	For
S2	Appointment of delegates to formalize the resolutions adopted at the meeting			B	For

Sandvik Ab Number of shares:		Cusip: 5963108 Ticker: SAND SS	Meeting Date: 5/3/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Share re-registration consent			B	For

Atlas Copco Ab Number of shares: 11,700		Cusip: B08HBT8 Ticker: ATCOA SS	Meeting Date: 4/27/05 Date Voted: 4/15/05
	Proposal			Proposed by*	Vote
1	Open meeting; elect Sune Carlsson as chairman of meeting			B	For
2	Prepare and approve list of shareholders			B	For
3	Approve agenda of meeting			B	For
4	Designate inspector or shareholder representative(s) of minutes of meeting			B	For
5	Acknowledge proper convening of meeting			B	For
6	Receive financial statements and statutory reports (non-voting)
7	Receive president's report (non-voting)
8	Receive report on board, audit and compensation committees, and principles for remuneration of management (non-voting)
9a	Accept financial statements and statutory reports			B	For
9b	Approve discharge of board and president			B	For
9c	Approve allocation of income and dividends of SEK 9 per share			B	For
9d	Approve record date for receiving dividend			B	For
10	Determine number of members (9) and deputy members of board			B	For
11	Reelection of directors			B	For
12	Approve remuneration of directors in the aggregate amount of SEK 3.7 million			B	For
13a	Amend articles re: decrease par value from SEK 5 to SEK 1.5 per share; redemption of shares			B	For
13b	Approve SEK 262 million reduction in share capital via redemption of series A and B shares and SEK 733.6 million reduction of share premium reserve			B	For
13c	Approve new issue of series C shares in connection with redemption of shares			B	For
13d	Approve SEK 262 million reduction in share capital via redemption of series C shares and SEK 733.6 million reduction of share premium reserve			B	For
13e	Authorize president to make minor adjustments to decisions under items 13a-13d			B	For
14	Presentation of work performed by nomination group: authorize chairman of board and representatives of four largest shareholders to serve on nomination committee			B	For
15	Close meeting			B	For

Allied Irish Banks plc Number of shares: 20,000 Cusip: 0019783 Ticker: ALBK ID Meeting Date: 4/27/05 Date Voted: 4/18/05

	Proposal	Proposed by*	Vote
1	Accept financial statements and statutory reports	B	For
2	Declare the final dividend of EUR 0.39	B	For
3a-o	Election of directors	B	For
4	Authorize board to fix remuneration of KPMG auditors	B	For
5	Authorize share repurchase of 90 million shares, representing 10 percent of the share capital	B	For
6	Set the price range for the off-market reissue of treasury shares	B	For
7	Renew the directors' authority to allot shares representing 5 percent of the share capital	B	For
8	Approve 2005 performance share plan	B	AgainstÖ
9	Remove KPMG as auditors	S	Against
10	Appoint Niall Murphy, a shareholder nominee, as a director	S	Against

Abn Amro Holding Nv Number of shares: 45,400 Cusip: 5250769 Ticker: AABA NA Meeting Date: 4/28/05 Date Voted: 4/19/05

	Proposal	Proposed by*	Vote
1	Receive report of management board	B	For
2a	Approve financial statements and statutory reports	B	For
2b	Presentation on dividend and reserve policy; approve dividend	B	For
2c	Approve discharge of management board	B	For
2d	Approve discharge of supervisory board	B	For
3	Approve remuneration report containing remuneration policy for management board members	B	For
4a-b	Elections to supervisory board	B	For
5a	Discussion about company's corporate governance structure (non-voting)
5b	Amend articles to reflect recommendations of Dutch corporate governance code and amendments to book 2 of Dutch civil code on two-tiered company regime	B	For
6	Authorize repurchase of up to 10 percent of issued capital	B	For
7a	Grant board authority to issue authorized yet unissued ordinary shares, convertible preference shares, and preference financing shares up to 20 percent of issued capital	B	For
7b	Authorize board to exclude preemptive rights from issuance under item 7a	B	For
8	Other business (non-voting)

Fortis SA/NV Number of shares: 22,000		Cusip: 7266139 Ticker: FORB BB	Meeting Date: 5/3/05 Date Voted: 4/21/05
	Proposal			Proposed by*	Vote
1	Open meeting (non-voting)
2	Authorize share repurchase program and cancellation of repurchased shares			B	For
3	Close meeting (non-voting)

Sandvik AB Number of shares: 13,200		Cusip: 5963108 Ticker: SAND SS	Meeting Date: 5/3/05 Date Voted: 4/22/05
	Proposal			Proposed by*	Vote
1	Open meeting (non-voting)
2	Elect chairman of meeting			B	For
3	Prepare and approve list of shareholders			B	For
4	Designate inspector or shareholder representative(s) of minutes of meeting			B	For
5	Approve agenda of meeting			B	For
6	Acknowledge proper convening of meeting			B	For
7	Receive financial statements and statutory reports (non-voting)
8	Accept financial statements and statutory reports			B	For
9	Approve discharge of board and president			B	For
10	Approve allocation of income and dividends of SEK 11 per share			B	For
11	Determine number of members (8) and deputy members (0) of board			B	For
12	Approve remuneration of directors and auditors			B	For
13	Reelection of directors			B	For
14	Amend articles			B	For
15	Amend articles re: redemption of shares			B	For
16	Authorize chairman of board and representatives of four largest shareholders to serve on nominating committee			B	For

Manitoba Telecom Svcs Inc Number of shares: 10,400 Cusip: 2561572 Ticker: MBT CN Meeting Date: 5/3/05 Date Voted: 4/26/05

	Proposal	Proposed by*	Vote
1.1-1.12	Election of Directors	B	For
2	Appoint Deloitte & touché LLP as auditors and authorize board to fix remuneration of auditors	B	For

Dexia Number of shares: 8,130		Cusip: 7147610 Ticker: DEXB BB	Meeting Date: 5/11/05 Date Voted: 4/28/05
	Proposal			Proposed by*	Vote
1	Authorize repurchase of up to ten percent of issued share capital			B	For
2	Approve cancellation of repurchased shares; amend articles accordingly			B	For
3	Authorize issuance of up to one million warrants to participants in company's 2005 employee shareholding plan			B	For
4	Authorize implementation of approved resolutions and filing of required documents/formalities at trade registry			B	For

Dexia Number of shares: 8,130		Cusip: 7147610 Ticker: DEXB BB	Meeting Date: 5/11/05 Date Voted: 4/28/05
	Proposal			Proposed by*	Vote
1	Accept financial statements			B	For
2	Approve allocation of income and dividends of EUR 0.62 per share			B	For
3	Approve discharge of directors			B	For
4	Approve discharge of auditors			B	For
5-8	Election and re-election of directors			B	For
9	Ratify PricewaterhouseCoopers, represented by Robert Pierce, as auditors			B	For
7	Approve remuneration of auditors in the amount of EUR 200,000			B	For
8	Approve employee stock purchase plan for employees of US subsidiaries			B	For

Enbridge Inc Number of shares: 7,100 Cusip: 2466149 Ticker: ENB CN Meeting Date: 5/5/05 Date Voted: 4/28/05

	Proposal	Proposed by*	Vote
1.1-1.10	Election of directors	B	For
2	Ratify PricewaterhouseCoopers LLP as auditors	B	For
3	Approve 2:1 stock split	B	For
4	Amend shareholder rights plan (poison pill)	B	AgainstÖ

Radnstad Holding NV Number of shares: 24,350		Cusip: 5228658 Ticker: RAND NA	Meeting Date: 5/10/05 Date Voted: 4/28/05
	Proposal			Proposed by*	Vote
1	Open meeting (non-voting)
2	Receive report of executive board (non-voting)
3a	Approve financial statements and statutory reports			B	For
3b	Receive explanation on company's reserves and dividend policy (non-voting)
3c	Approve dividend			B	For
4a	Approve discharge of executive board			B	For
4b	Approve discharge of supervisory board			B	For
5	Reelect JCM Hovers to Supervisory Board			B	For
6	Reelect AHJ Risseeuw as Director of  'Stichting Adminstratiekantoor Preferente Aandelen Randstad Holding'			B	For
7	Discussion on corporate governance			B	For
8a	Approve remuneration report containing remuneration policy for executive board members			B	For
8b	Approve performance-related remuneration of executive board in shares and share options			B	AgainstÖ
9	Approve remuneration of supervisory board			B	For
10	Amend articles			B	For
11	Ratify auditors			B	For
12	Close meeting (non-voting)

Dofasco Inc Number of shares: 19 Cusip: 256900705 Ticker: DFS CN Meeting Date: 5/6/05 Date Voted: 4/29/05

	Proposal	Proposed by*	Vote
1.1-1.11	Election of directors	B	For
2	Approve Ernst & Young LLP auditors and authorize board to fix remuneration of auditors	B	For

Taiwan Semiconductor Manufacturing Co. Number of shares: 72,103		Cusip: 6889106 Ticker: 2330 TT	Meeting Date: 5/10/05 Date Voted: 4/29/05
	Proposal			Proposed by*	Vote
1.1	Receive report on business operation results for fiscal year 2004 (non-voting)
1.2	Receive Supervisors' Report (non-voting)
1.3	Receive Report on the Acquisition or Disposal of Assets with related parties for 2004 (non-voting)
1.4	Receive Report on the status of guarantees provided by the company as of the end of 2004 (non-voting)
1.5	Receive report on the execution of treasury stock buyback (non-voting)
2.1	Accept financial statements and statutory reports			B	For
2.2	Approve allocation of income and cash dividend of NTD 2.00 per share and stock dividend of 50 shares per 1000 shares held			B	For
2.3	Approve capitalization for 2004 dividends and employee profit sharing			B	For
2.4	Amend articles of association			B	For
3	Other Business (non-voting)

Christian Dior Number of shares: 5,350 Cusip: 4061393 Ticker: CDI FP Meeting Date: 5/12/05 Date Voted: 5/2/05

	Proposal	Proposed by*	Vote
	Ordinary Business
1	Accept Consolidated financial Statements and Statutory Reports	B	For
2	Approve financial Statements and Discharge Directors	B	For
3	Approve Special auditors' Report Regarding related-party transactions	B	For
4	Approve accounting transfer from special long-term capital gains account to other reserves account	B	For
5	Approve allocation of income and dividends of UER 0.97 per share	B	For
6-8	Re-Elect/elect Directors	B	For
9	Approve remuneration of directors in the aggregate amount of EUR 85,752	B	For
10	Authorize repurchase of up to 0.5 percent if issued share capital	B	For
	Special Business
11	Approve reduction in share capital via cancellation of repurchased shares	B	For
12	Authorize issuance of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of EUR 40 million	B	For
13	Authorize issuance of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of EUR 40 million	B	For
14	Authorize capital increase of up to ten percent for future acquisitions	B	For
15	Approve Capital Increase reserved for employees participating in savings-related share purchase plan	B	For
16	Authorize up to three percent of issued capital for use in restricted stock plan	B	AgainstÖ
17	Amend articles of association to reflect legal changes	B	For

Societe Generale Number of shares: 9,550 Cusip: 5966516 Ticker: GLE FP Meeting Date: 5/9/05 Date Voted: 5/2/05

	Proposal	Proposed by*	Vote
	Ordinary business (non-voting)
1	Approve Financial Statements and Statutory Reports	B	For
2	Approve allocation of income and dividends of EUR 3.3 per share	B	For
3	Accept consolidated financial statements and statutory reports	B	For
4	Approve Special auditors' report regarding absence related-party transactions	B	For
5-7	Re-Elect Directors	B	For
8	Authorize repurchase of up to ten percent of issued share capital	B	For
	Special Business
9	Reduce range of board size from 15 to 13 board members; reduce number of representatives of employee shareholders from 3 to 2, and allow use of electronic voting for elections of representatives of employee shareholders	B	For
10	Amend articles to increase shareholding disclosure threshold from 0.5 percent to 1.5 percent	B	For
11	Authorize up to one percent of issued capital for use in restricted stock plan	B	AgainstÖ
12	Authorize capital increase of up to ten percent of issued capital for future acquisitions	B	For
A	Shareholder proposal: Amend articles of association to remove voting right limitation of 15 percent	S	Against
13	Authorize filing of required documents/other formalities (non-voting)

Gallaher Group Plc Number of shares: 51,700 Cusip: 0383369 Ticker: GLH LN Meeting Date: 5/11/05 Date Voted: 5/5/05

	Proposal	Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports	B	For
2	Approve final dividend of 21.5 pence per share	B	For
3	Approve Remuneration Report	B	For
4-8	Re-Elect Directors	B	For
9	Reappoint PricewaterhouseCoopers LLP as auditors and Authorize the board to determine their remuneration	B	For
10	Authorize the company to make EU Political Donations and Incur EU Political Expenditure up to GBP 50,000	B	For
11	Authorize Gallaher Ltd. to make EU Political Donations and Incur EU Political Expenditure up to GBP 50,000	B	For
12	Authorize Austria Tabak GmBH & Co. KG to make EU Political Donations and Incur EU Political Expenditure up to BGP 50,000	B	For
13	Amend Deferred Bonus Plan	B	AgainstÖ
14	Amend Performance share Plan	B	AgainstÖ
15	Amend the Performance criteria of performance share Plan for the period 2004-2006	B	AgainstÖ
16	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 21,837,651	B	For
17	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 3,275,647	B	For
18	Authorize 65,512,953 ordinary shares for market purchase	B	For
19	Adopt new articles of association	B	For

Inchcape PLC Number of shares: 7,200 Cusip: 0679972 Ticker: INCH LN Meeting Date: 5/12/05 Date Voted: 5/5/05

	Proposal	Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports	B	For
2	Approve Remuneration Report	B	For
3	Approve final dividend of 35 pence per share	B	For
4-7	Elect/Re-Elect Directors	B	For
8	Reappoint PricewaterhouseCoopers LLP as auditors of the company	B	For
9	Authorize board to fix remuneration of the auditors	B	For
10	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 39,852,232	B	For
11	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 5,977,834	B	For
12	Authorize 7,970,466 ordinary shares for market purchase	B	For
13	Approve increase in remuneration of non-executive directors for GBP 250,000 to GBP 450,000	B	For

IMI PLC Number of shares: 28,300 Cusip: 0457963 Ticker: IMI LN Meeting Date: 5/13/05 Date Voted: 5/10/05

	Proposal	Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports	B	For
2	Approve Remuneration Report	B	For
3	Approve final dividend of 10.2 pence per share	B	For
4-6	Re-Elect Directors	B	For
7	Reappoint KPMG Audit Plc as auditors of the company	B	For
8	Authorize board to fix remuneration of the auditors	B	For
9	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 29,600,000	B	For
10	Approve IMI Plc Deferred Bonus Plan	B	AgainstÖ
11	Approve IMI Plc 2005 long-term Incentive Plan	B	AgainstÖ
A	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 4,400,000	B	For
B	Authorize 35,500,000 ordinary shares for market purchase	B	For

Hypo Real Estate Holding AG Number of shares: 22,700		Cusip: 7681248 Ticker: HRX GR	Meeting Date: 5/20/05 Date Voted: 5/11/05
	Proposal			Proposed by*	Vote
1	Receive Financial Statements and Statutory Reports			B	For
2	Approve Allocation of income and dividends of EUR 0.35 per common share and 0.35 per preferred share			B	For
3	Approve discharge of management board for fiscal 2004			B	For
4	Approve discharge of supervisory board for fiscal 2004			B	For
5	Authorize share repurchase program and reissuance of repurchased shares			B	For
6	Convert preferred shares without voting rights into common shares with voting rights			B	For
7	Special Resolution for common shareholders: convert preferred shares without voting rights into common shares with voting rights			B	For
8	Amend corporate purpose to reflect pending changes in German Banking Law			B	For
9	Amend Articles Re: Calling of, registration for, and conduct of shareholder meetings due to pending changes in German Law (Law on Company Integrity and Modernization of shareholder lawsuits)			B	For
10	Ratify KPMG Deutsch Treuhand-Gesellschaft as Auditors for Fiscal 2005			B	For

Fortis SA/NV Number of shares: 22,000 Cusip: 7266139 Ticker: FORB BB Meeting Date: 5/25/05 Date Voted: 5/11/05

	Proposal	Proposed by*	Vote
	Ordinary Business
1	Open Meeting (non-voting)
2.1	Discuss Statutory Reports (non-voting)
2.2	Discuss Consolidated Financial Statements (non-voting)
2.3	Accept Financial Statements	B	For
2.4	Adopt Allocation of Income for Fiscal Year 2003	B	For
2.5	Discuss Dividend Policy (non-voting)
2.6	Approve Dividends of EUR 1.04 per Fortis unit	B	For
2.7	Approve Discharge of Directors	B	For
2.8	Approve Discharge of Auditors	B	For
3	Discuss implementation of Belgian Corporate Governance code (non-voting)
4.1-4.3	Reelect/elect directors	B	For
5	Authorize share repurchase program and cancellation of repurchased shares	B	For
6	Close meeting (non-voting)

Petrochina Company Limited Number of shares: 1,000		Cusip: 71646E100 Ticker: PTR	Meeting Date: 5/26/05 Date Voted: 5/13/05
	Proposal			Proposed by*	Vote
1	To consider and approve the report of the Board of Directors of the Company for the year 2004			B	For
2	To consider and approve the report of the Supervisory Committee of the Company for the year 2004			B	For
3	To consider and approve the audited financial statements of the Company for the year 2004			B	For
4	To consider and approve the declaration and payment of a final dividend			B	For
5	To consider and approve the authorization of the Board of Directors to determine the distribution of interim dividend for the year 2005			B	For
6	To consider and approve the continuation of appointment of PricewaterhouseCoopers, certified public accountants, as the international auditors and PricewaterhouseCoopers Zhong Tian CPAS Company Limited, certified public accountants, as the domestic auditors			B	For
7	To consider and approve the amendments to the Articles of Association of the Company			B	For
8	To grant a general mandate to the Board of Directors to issue, allot and deal with additional domestic shares and overseas listed foreign shares			B	For
9	To consider and approve other matters, if any			B	For

Samsung Fire & Marine Insurance Co Number of shares: 5,600		Cusip: 6155250 Ticker: 000810 KS	Meeting Date: 5/31/05 Date Voted: 5/17/05
	Proposal			Proposed by*	Vote
1	Approve appropriation of income and dividends of KRW 1500 per share			B	For
2	Election of directors			B	For
3	Elect member of audit committee			B	For
4	Approve limit on remuneration of directors			B	For

Royal & Sun Alliance Insurance Number of shares: 417,600		Cusip: 0661689 Ticker: RSA LN	Meeting Date: 5/27/05 Date Voted: 5/17/05
	Proposal			Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports			B	For
2	Approve final dividend of 2.96 pence per ordinary share			B	For
3	Reappoint PricewaterouseCoopers LLP as Auditors and Authorize the Audit & Compliance Committee to Determine their remuneration			B	For
4	Elect David Paige as Director			B	For
5	Approve Remuneration Report			B	For
6	Approve Donations to EU Political Organization up to GBP 100,000 and Authorize EU Political expenditure up to GBP 100,000			B	For
7	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 441,966,663			B	For
8	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 40,044,999			B	For
9	Authorize 291,236,359 ordinary shares for market purchase			B	For

ICI (Imperial Chemical Industries Plc) Number of shares: 65,600		Cusip: 0459497 Ticker: ICI LN	Meeting Date: 5/25/05 Date Voted: 5/17/05
	Proposal			Proposed by*	Vote
1	Accept Financial Statements and Statutory Reports			B	For
2	Approve Remuneration Report			B	For
3	Confirm first interim dividend of 3.4 pence and second interim dividend of 3.9 pence per ordinary share			B	For
4-8	Re-Elect/ elect Directors			B	For
9	Reappoint KPMG Audit Plc as auditors of the company			B	For
10	Authorize board to fix remuneration of the auditors			B	For
11	Adopt new articles of association			B	For
12	Authorize issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 208,761,785			B	For
13	Authorize issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 59,561,911			B	For
14	Authorize 119,123,822 shares for market purchase			B	For

Public Power Corp of Greece Number of shares: 11,300		Cusip: 7268298 Ticker: PPC GA	Meeting Date: 6/6/05 Date Voted: 5/26/05
	Proposal			Proposed by*	Vote
1	Accept financial statements and statutory reports			B	For
2	Accept consolidated financial statements and statutory reports			B	For
3	Accept consolidated financial statements and statutory reports according to international financial reporting standards			B	For
4	Approve discharge of board and auditors for 2004			B	For
5	Approve dividend			B	For
6	Approve auditors and authorize board to fix their remuneration			B	For
7	Approve remuneration of directors for 2004 and pre-approve remuneration of directors for 2005			B	For
8	Ratify election of directors			B	For
9	Other business (non-voting)

Korea Gas Corp Number of shares: 6,000		Cusip: 6182076 Ticker: 036460 KS	Meeting Date: 6/14/05 Date Voted: 6/1/05
	Proposal			Proposed by*	Vote
1	Election of company president			B	For
2	Approve contract with new company president			B	For

Compagnie DeSaint Gobain Number of shares: 5,900 Cusip: 7380482 Ticker: SGO FP Meeting Date: 6/9/05 Date Voted: 6/2/05

	Proposal	Proposed by*	Vote
1	Approve financial statements and statutory reports	B	For
2	Accept consolidated financial statements and statutory reports	B	For
3	Approve allocation of income and dividends of EUR 1.28 per share	B	For
4	Approve special auditors' report regarding related-party transactions	B	For
5	Authorize repurchase of up to ten percent of issued share capital	B	For
6-10	Election and re-election of directors	B	For
11	Authorize issuance of equity or equity-linked securities with preemptive rights up to aggregate nominal amount of EUR 680 million	B	For
12	Authorize issuance of equity or equity-linked securities without preemptive rights up to aggregate nominal amount of EUR 270 million	B	For
13	Authorize capitalization of reserves of up to EUR 84 million for bonus issue or increase in par value	B	AgainstÖ
14	Approve capital increase reserved for employees participating in savings-related share purchase plan	B	For
15	Approve stock option plan grants	B	AgainstÖ
16	Authorize up to 3 percent of issued capital for use in restricted stock plan	B	AgainstÖ
17	Approve reduction in share capital via cancellation of repurchased shares	B	For
18	Authorize filing of required documents/other formalities	B	For

ABSA Group Ltd Number of shares: 27,000		Cusip: B0DR0K7 Ticker: ASA SJ	Meeting Date: 6/13//05 Date Voted: 6/2/05
	Proposal			Proposed by*	Vote
1	Approve scheme of arrangement			B	For

ABSA Group Ltd Number of shares: 27,000		Cusip: B0DR0K7 Ticker: ASA SJ	Meeting Date: 6/13//05 Date Voted: 6/2/05
	Proposal			Proposed by*	Vote
1	Waive requirement for mandatory offer to all ordinary shareholders and cumulative redeemable option holding preference shareholders of ABSA			B	For
2-4	Election of directors			B	For

Sandvik Ab Number of shares: 10,700		Cusip: 5963108 Ticker: SAND SS	Meeting Date: 6/28/05 Date Voted: 6/10/05
	Proposal			Proposed by*	Vote
1	Share re-registration consent			B	For

Hitachi Software Engineering Co. Ltd Number of shares: 11,300 Cusip: 6429502 Ticker: 9694 JP Meeting Date: 6/22/05 Date Voted: 6/10/05

	Proposal	Proposed by*	Vote
1	Amend articles to: Authorize public announcements in electronic format	B	For
2.1-2.8	Election of directors	B	For

Honda Motor Co Ltd Number of shares: 13,500 Cusip: 6435145 Ticker: 7267 JP Meeting Date: 6/23/05 Date Voted: 6/14/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 28, Final JY 37, Special JY 0	B	For
2	Amend articles to: reduce maximum board size - decrease authorized capital to reflect share repurchase	B	For
3.1-3.21	Election of directors	B	For
4	Appoint internal statutory auditor	B	For
5	Appoint external auditors	B	For
6	Approve reduction in aggregate compensation ceiling for directors	B	For
7	Approve payment of annual bonuses to directors and statutory auditors	B	AgainstÖ
8	Approve retirement bonuses for directors	B	AgainstÖ

JS Group Corp Number of shares: 11,400 Cusip: 6900212 Ticker: 5938 JP Meeting Date: 6/23/05 Date Voted: 6/14/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 20, final JY 20, Special JY 0	B	For
2	Approve payment of annual bonuses to directors	B	AgainstÖ
3	Amend articles to: authorize public announcements in electronic format	B	For
4.1-4.9	Election of directors	B	For
5	Approve retirement bonus for director	B	AgainstÖ

Toyota Motor Corp Number of shares: 16,000 Cusip: 6900643 Ticker: 7203 JP Meeting Date: 6/23/05 Date Voted: 6/14/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 25, final JY 40, Special JY 0	B	For
2.1-2.26	Election of directors	B	For
3	Appoint internal statutory auditor	B	For
4	Approve executive stock plan	B	AgainstÖ
5	Authorize share repurchase program	B	For
6	Approve retirement bonuses for directors	B	AgainstÖ
7	Amend articles of incorporation to require disclosure of individual compensation levels of directors and statutory auditors	S	Against
8	Amend articles of incorporation to require reporting of contributions to political parties and political fundraising organizations	S	Against

Komatsu Ltd Number of shares: 38,000 Cusip: 6496584 Ticker: 6301 JP Meeting Date: 6/24/05 Date Voted: 6/15/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 5, final JY 6, Special JY 0	B	For
2	Amend articles to: authorize public announcements in electronic format, reduce maximum board size, streamline board structure	B	For
3.1-3.10	Election of directors	B	For
4.1-4.2	Appoint internal statutory auditor	B	For
5	Approve executive stock option plan	B	AgainstÖ
6	Approve retirement bonuses for directors	B	AgainstÖ

Matsushita Electric Works Ltd Number of shares: 28,000 Cusip: 6572729 Ticker: 6991 JP Meeting Date: 6/24/05 Date Voted: 6/15/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 0, final JY 5, Special JY 0	B	For
2.1-2.15	Election of directors	B	For
3	Approve retirement bonuses for directors	B	AgainstÖ

Seiko Epson Corp Number of shares: 4,300		Cusip: 6616508 Ticker: 6724 JP	Meeting Date: 6/24/05 Date Voted: 6/15/05
	Proposal			Proposed by*	Vote
1	Approve allocation of income, including the following dividends: interim JY 13, final JY 13, Special JY 0			B	For
2	Approve payment of annual bonuses to directors and statutory auditors			B	AgainstÖ
3	Approve retirement bonuses for directors			B	AgainstÖ

Shire Pharmaceuticals Group Plc Number of shares: 73,700 Cusip: 0799803 Ticker: SHP LN Meeting Date: 6/22/05 Date Voted: 6/16/05

	Proposal	Proposed by*	Vote
1	Accept financial statements and statutory reports	B	For
2-4	Re-elect directors	B	For
5	Reappoint Deloitte & Touche LLP as auditors of the company	B	For
6	Authorise board to fix remuneration of the auditors	B	For
7	Approve remuneration report	B	For
8	Authorise issue of equity or equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 8,203,026	B	For
9	Authorise issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 1,230,577	B	For
10	Authorise 49,223,083 ordinary shares for market purchase	B	For
11	Authorise the company to make EU political organization donations up to GBP 25,000 and incur EU political expenditure up to GBP 25,000	B	For

Sandvik Ab Number of shares: 10,700		Cusip: 5963108 Ticker: SAND SS	Meeting Date: 6/28/05 Date Voted: 6/16/05
	Proposal			Proposed by*	Vote
1	Open meeting (non-voting)
2	Elect chairman of meeting			B	For
3	Prepare and approve list of shareholders			B	For
4	Designate inspector or shareholder representative(s) of minutes of meeting			B	For
5	Approve agenda of meeting			B	For
6	Acknowledge proper convening of meeting			B	For
7.1	Approve reduction in share capital via share cancellation			B	For
7.2	Approve issuance of class c shares to facilitate reduction in share capital			B	For
7.3	Approve reduction in share capital via cancellation of class c shares			B	For

Tokyo Electric Power Co. Ltd. Number of shares: 17,000 Cusip: 6895404 Ticker: 9501 JP Meeting Date: 6/28/05 Date Voted: 6/17/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 30, Final JY30 Special JY 0	B	For
2.1-2.19	Election of directors	B	For
3	Approve retirement bonuses for Directors and special payments to continuing Directors and statutory auditors in connection with abolition of retirement bonus system	B	AgainstÖ
4	Approve adjustment to aggregate compensation ceilings for Directors and statutory auditors	B	For
5	Approve alternate allocation of income	S	Against
6	Amend articles to require prompt disclosure of individual Director remuneration levels	S	Against
7	Amend articles to give Shareholders the right to investigate management problems and demand the creation of an investigation committee	S	Against
8	Amend articles to require shutdown of all nuclear reactors designed in 1978 or earlier	S	Against
9	Amend articles to require local community consent for operation of nuclear facilities in which damage has been discovered	S	Against
10	Amend articles to require company to not provide spent nuclear fuel to Rokkasho Reprocessing Plant	S	Against

Citizen Watch Co Ltd Number of shares: 40,400 Cusip: 6197304 Ticker: 7762 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income including the following dividends: interim JY 5.50, final JY 5.50, Special JY 0	B	For
2	Amend articles to: expand business lines, abolish retirement bonus system	B	For
3-7	Approve share exchange acquisition of: Citizen Electronics Co, Miyota Co Ltd, Cimeo Precision Co Ltd, Sayama Precision Ind Co., Kawaguchiko Seimitsu Co Ltd.	B	For
8	Approve executive stock option plan	B	AgainstÖ
9.1-9.10	Election of directors	B	For
10	Appoint internal statutory auditor	B	For
11	Appoint alternate internal statutory auditor	B	For
12	Approve retirement bonuses for directors and statutory auditor	B	AgainstÖ
13	Approve special payments to continuing directors and statutory auditors in connection with abolition of retirement bonus system	B	AgainstÖ

Dai Nippon Printing Co. Ltd Number of shares: 12,000 Cusip: 6250906 Ticker: 7912 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income including the following dividends: interim JY 10.50, final JY 13.50, Special JY 0	B	For
2	Amend articles to: increase authorized capital from 1.2 billion to 1.5 billion shares, cancel year-end closure of shareholder register, reduce maximum board size, increase maximum number of internal auditors	B	For
3.1-3.26	Election of directors	B	For
4	Appoint internal statutory auditor	B	For
5	Approve adjustment to aggregate compensation ceiling for statutory auditors	B	For
6	Approve retirement bonuses for directors	B	AgainstÖ

Kaneka Corp Number of shares: 32,000 Cusip: 6483360 Ticker: 4118 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income including the following dividends: interim JY 5, final JY 7, Special JY 2	B	For
2.1-2.13	Election of Directors	B	For
3	Approve retirement bonuses for directors	B	AgainstÖ

Kao Corp Number of shares: 18,000		Cusip: 6483809 Ticker: 4452 JP	Meeting Date: 6/29/05 Date Voted: 6/20/05
	Proposal			Proposed by*	Vote
1	Approve allocation of income including the following dividends: interim JY 19, final JY 19, Special JY 0			B	For
2	Authorize share repurchase program			B	For
3	Amend articles to: expand business lines, restore previous level of authorized capital following share repurchase and cancellation			B	For
4	Appoint internal statutory auditor			B	For
5	Approve executive stock option plan			B	AgainstÖ

Matsushita Electric Industrial Co. Number of shares: 18,000 Cusip: Ticker: Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 7.5, Final JY 7.5, Special JY 0	B	For
2.1-2.19	Election of directors	B	For
3	Approve special bonus for family of deceased director and retirement bonuses for directors	B	AgainstÖ

Nippon System Development Co. Number of shares: 12,500 Cusip: 6639602 Ticker: 9759 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 0, Final JY 25, Special JY 0	B	For
2.1-2.7	Election of directors	B	For
3.1-3.3	Appoint internal statutory auditor	B	For
4	Approve deep discount stock option plan	B	AgainstÖ
5	Approve retirement bonuses for directors and statutory auditors	B	AgainstÖ
6	Approve special payments to continuing directors and statutory auditors in connection with abolition of retirement bonus system	B	AgainstÖ

Sankyo Co. Ltd. (OTC) Number of shares: 12,500		Cusip: 6775432 Ticker: 6417 JP	Meeting Date: 6/29/05 Date Voted: 6/20/05
	Proposal			Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 25, Final JY 25, Special JY 20			B	For

Sankyo Co. Ltd. Number of shares: 18,000 Cusip: 6775283 Ticker: 4501 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 15, Final JY 25, Special JY 0	B	For
2	Approve formation of joint holding company with Daiichi Pharmaceutical Co. Ltd	B	For
3.1-3.9	Election of directors	B	For
4	Approve retirement bonuses for Directors	B	AgainstÖ
5	Approve adjustment to aggregate compensation ceiling for Directors and statutory auditors	B	AgainstÖ

Taisho Pharmaceutical Co Ltd. Number of shares: 13,000		Cusip: 6870144 Ticker: 4535 JP	Meeting Date: 6/29/05 Date Voted: 6/20/05
	Proposal			Proposed by*	Vote
1	Approve allocation of income, including the following dividends: Interim JY 0, Final JY25, Special JY 0			B	For
2	Amend articles to: Decrease authorized capital to reflect share repurchase			B	For

BT Group PLC (Formerly British Telecommunications Plc) Number of shares: 156,900 Cusip: 3091357 Ticker: BT/A LN Meeting Date: 7/13/05 Date Voted: 6/24/05

	Proposal	Proposed by*	Vote
1	Accept financial statements and statutory reports	B	For
2	Approve remuneration report	B	For
3	Approve final dividend of 6.5 pence per ordinary share	B	For
4-8	Re-elect/Elect directors	B	For
9	Reappoint PricewaterhouseCoopers LLP as auditors of the company	B	For
10	Authorise board to fix remuneration of the auditors	B	For
11	Authorise issue of equity-linked securities with pre-emptive rights up to aggregate nominal amount of GBP 140,000,000	B	For
12	Authorise issue of equity or equity-linked securities without pre-emptive rights up to aggregate nominal amount of GBP 21,000,000	B	For
13	Authorise 850,000,000 ordinary shares for market purchase	B	For
14	Amend the BT Group retention share plan and the BT Group deferred bonus plan	B	AgainstÖ
15	Authorise British Telecommunications plc to make EU political organization donations up to GBP 100,000	B	For

Mitsubishi Tokyo Financial Group Number of shares: 35 Cusip: 6335171 Ticker: 8306 JP Meeting Date: 6/29/05 Date Voted: 6/20/05

	Proposal	Proposed by*	Vote
1	Approve allocation of income, including the following dividends on ordinary shares: Interim JY 0, Final JY 6000, Special JY 0	B	For
2	Amend articles to: Increase authorized preferred share capital, delete references to cancelled preferred shares and add references to new classes of preferred shares	B	For
4.1-4.4	Election of directors	B	For
5.1-5.2	Appoint internal statutory auditor	B	For
6	Approve retirement bonuses for Directors and statutory auditors	B	AgainstÖ

OAO Taftnet Number of shares: 2,939		Cusip: 03737P306 Ticker: TNT	Meeting Date: 6/30/05 Date Voted: 6/20/05
	Proposal			Proposed by*	Vote
1	Report of the Board of Directors on the financial and economic activities of OAO Taftnet for the year 2004. Approval of the annual report of the company, annual financial statements, including profit and loss statement (profit and loss accounts) of the company for the year 2004.			B	For
2	Approval of the distribution of profit on the results of the financial year.			B	For
3	On the payment of annual dividends based on the results of the year 2004. Approval of the amount of dividends, the form and the date of payment.			B	For
4	Election of directors and supervisory board.			B	For
5	Election of members of the revision commission of OAO Taftnet.			B	For
6	Approval of the external auditor of OAO Taftnet			B	For
7	Introduction of amendments to the regulation o the board of directors of OAO Taftnet.			B	For
8	Introduction of amendments to the regulation on the board of directors of OAO Taftnet.			B	For
9	Approval of the regulation on the general shareholders on OAO Taftnet.			B	For

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.

LORD ASSET MANAGEMENT TRUST

By:    /s/ Thomas S. White, Jr.                                
          Thomas S. White, Jr.
           President (Principal Executive Officer)

Date:  August 31, 2005