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

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-8370

McMorgan Funds

(Exact name of registrant as specified in charter)

One Bush Street, Suite 800
San Francisco, CA 94104

(Address of principal executive offices) (Zip code)

Teresa Matzelle
Vice President
McMorgan & Company LLC
One Bush Street, Suite 800
San Francisco, CA 94104

(Name and address of agent for service)

Copies to:
Bibb L. Strench, Esq. Stradley, Ronon, Stevens & Young LLP 1220 19th Street, NW Suite 600 Washington, DC 20036	Michael Hession, Esq New York Life Investment Management LLC 169 Lackawanna Avenue Parsippany, NJ 07054

Registrant's telephone number, including area code: 800-788-9485

Date of fiscal year end: June 30

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

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 (ss. ss. 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. ss. 3507.

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2003 TO JUNE 30, 2004

Account – McM Balanced Fund
DELL COMPUTER CORPORATION				Ticker: DELL		Annual Meeting Date: 07/18/2003
Issuer: 247025	City:				Holdings Reconciliation Date: 05/23/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 07/18/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932010123 - MANAGEMENT
Proposal Number	Vote Cast	RV*	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	DECLASSIFY BOARD
03	For	For	APPROVE COMPANY NAME CHANGE
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	109	24,400	24,400	06/06/2003	07/15/2003	07/15/2003
* Managements Recommended Vote

VODAFONE GROUP PLC				Ticker: VOD			Annual Meeting Date: 07/30/2003
Issuer: 92857W	City:						Holdings Reconciliation Date: 06/02/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 07/23/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932018953 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
02	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
03	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
04	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
05	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
06	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
07	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
08	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
09	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
10	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
11	For	For	PERMIT DIRECTORS TO FIX/APPROVE AUDITOR’S REMUNERATION
12	For	For	MISCELLANEOUS CORPORATE ACTIONS – GLOBAL
13	For	For	ALLOT SECURITIES
14	For	For	ELIMINATE PREEMPTIVE RIGHTS
15	For	For	MISCELLANEOUS SHAREHOLDER EQUITY – GLOBAL
Custodian	Internal	Stock	Voted	Ballot	Received		Last	Date
Account	Account	Class	Shares	Shares	Date		Vote Date	Confirmed
238871	226	100	48,300	48,300	06/27/2003		07/22/2003	07/22/2003

XILINX, INC.				Ticker: XLNX				Annual Meeting Date: 08/07/2003
Issuer: 983919	City:						Holdings Reconciliation Date: 06/09/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 08/07/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932016101 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	7,100	7,100	06/27/2003	07/17/2003	07/17/2003

BMC SOFTWARE, INC.				Ticker: BMC				Annual Meeting Date: 08/21/2003
Issuer: 055921	City:						Holdings Reconciliation Date: 07/03/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 08/21/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932027394 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	16,000	16,000	07/17/2003	08/18/2003	08/18/2003

ZIMMER HOLDINGS, INC.				Ticker: ZMH				Special Meeting Date: 08/21/2003
Issuer: 98956P	City:						Holdings Reconciliation Date: 06/16/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 08/21/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932019830 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	MISCELLANEOUS CORPORATE ACTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	22,530	22,530	06/27/2003	07/17/2003	07/17/2003

MEDTRONIC, INC.				Ticker: MDT		Annual Meeting Date: 08/28/2003
Issuer: 585055	City:					Holdings Reconciliation Date: 07/03/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 08/28/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932028663 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		RICHARD H. ANDERSON
	For		MICHAEL R. BONSIGNORE
	Withheld		GORDON M. SPRENGER
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	15,300	15,300	07/24/2003	08/22/2003	08/22/2003

PAYCHEX, INC.				Ticker: PAYX		Annual Meeting Date: 10/02/2003
Issuer: 704326	City:				Holdings Reconciliation Date: 08/04/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 10/02/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932038234 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		B. THOMAS GOLISANO
	For		BETSY S. ATKINS
	Withheld		G. THOMAS CLARK
	For		DAVID J. S. FLASCHEN
	For		PHILLIP HORSLEY
	For		GRANT M. INMAN
	Withheld		J. ROBERT SEBO
	Withheld		JOSEPH M. TUCCI
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	10,300	10,300	08/21/2003	09/30/2003	09/30/2003

GENERAL MOTORS CORPORATION				Ticker: GM	Consent Meeting Date: 10/03/2003
Issuer: 370442	City:				Holdings Reconciliation Date: 08/01/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/03/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932040380 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE CHARTER AMENDMENT
02	For	For	APPROVE CHARTER AMENDMENT
03	For	For	MISCELLANEOUS CORPORATE ACTIONS
04	For	For	AUTHORIZE SALE OF ASSETS
05	For	For	ACQUISITION AGREEMENT
06	For	For	AMEND BYLAW/CHARTER
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	105	11,400	11,400	08/29/2003	09/30/2003	09/30/2003

THE PROCTER & GAMBLE COMPANY				Ticker: PG	Annual Meeting Date: 10/14/2003
Issuer: 742718	City:				Holdings Reconciliation Date: 08/01/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 10/14/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932038474 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	109	22,300	22,300	08/26/2003	10/06/2003	10/06/2003

AFFILIATED COMPUTER SERVICES, INC.				Ticker: ACS		Annual Meeting Date: 10/30/2003
Issuer: 008190	City:					Holdings Reconciliation Date: 09/19/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 10/30/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932049542 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	11,800	11,800	10/01/2003	10/20/2003	10/20/2003

SARA LEE CORPORATION				Ticker: SLE		Annual Meeting Date: 10/30/2003
Issuer: 803111	City:					Holdings Reconciliation Date: 09/02/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 10/30/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932047699 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – REPORT ON CHARITABLE DONATIONS
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received		Last	Date
Account	Account	Class	Shares	Shares	Date		Vote Date	Confirmed
238871	226	103	57,400	57,400	09/19/2003		10/21/2003	10/21/2003

CARDINAL HEALTH, INC.				Ticker: CAH		Annual Meeting Date: 11/05/2003
Issuer: 14149Y	City:					Holdings Reconciliation Date: 09/08/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 11/05/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932054303 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	14,400	14,400	10/10/2003	10/31/2003	10/31/2003

SYSCO CORPORATION				Ticker: SYY		Annual Meeting Date: 11/07/2003
Issuer: 871829	City:					Holdings Reconciliation Date: 09/09/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/07/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932051383 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JONATHAN GOLDEN*
	For		JOSEPH A. HAFNER, JR.*
	Withheld		THOMAS E. LANKFORD*
	Withheld		RICHARD J. SCHNIEDERS*
	For		J.K. STUBBLEFIELD, JR**
02	For	For	APPROVE AUTHORIZED COMMON STOCK INCREASE
03	Against	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	20,500	20,500	09/30/2003	11/03/2003	11/03/2003

AUTOMATIC DATA PROCESSING, INC.				Ticker: ADP				Annual Meeting Date: 11/11/2003
Issuer: 053015	City:							Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932040152 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	AMEND EMPLOYEE STOCK OPTION PLAN
03	For	For	AMEND STOCK PURCHASE PLAN
04	For	For	ADOPT DIRECTOR STOCK OPTION PLAN
05	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	21,300	21,300	09/19/2003	11/07/2003	11/07/2003

CISCO SYSTEMS, INC.				Ticker: CSCO		Annual Meeting Date: 11/11/2003
Issuer: 17275R	City:					Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932046899 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	AMEND STOCK PURCHASE PLAN TO INCREASE SHARES
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04	Against	Against	S/H PROPOSAL – BUSINESS/INVESTMENT
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	84,000	84,000	09/19/2003	11/07/2003	11/07/2003

MICROSOFT CORPORATION				Ticker: MSFT		Annual Meeting Date: 11/11/2003
Issuer: 594918	City:				Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932048879 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		WILLIAM H. GATES III
	For		STEVEN A. BALLMER
	For		JAMES I. CASH JR.
	For		RAYMOND V. GILMARTIN
	For		A. MCLAUGHLIN KOROLOGOS
	For		DAVID F. MARQUARDT
	For		CHARLES H. NOSKI
	For		HELMUT PANKE
	For		WM. G. REED JR.
	Withheld		JON A. SHIRLEY
02	For	For	AMEND OMNIBUS STOCK OPTION PLAN
03	For	For	AMEND NON-EMPLOYEE DIRECTOR PLAN
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	114,200	114,200	09/25/2003	11/07/2003	11/07/2003

WALGREEN CO.				Ticker: WAG				Annual Meeting Date: 01/14/2004
Issuer: 931422	City:						Holdings Reconciliation Date: 11/17/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 01/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932064532 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	Against	For	AMEND OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	109	17,600	17,600	11/26/2003	01/08/2004	01/08/2004

COSTCO WHOLESALE CORPORATION				Ticker: COST				Annual Meeting Date: 01/29/2004
Issuer: 22160K	City:						Holdings Reconciliation Date: 12/05/2003
ISIN:	Country: UNITED STATES							Vote Deadline Date: 01/29/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932077666 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	Against	S/H PROPOSAL – DECLASSIFY BOARD
03	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	105	33,500	33,500	12/24/2003	01/26/2004	01/26/2004

EMERSON ELECTRIC CO.				Ticker: EMR		Annual Meeting Date: 02/03/2004
Issuer: 291011	City:					Holdings Reconciliation Date: 11/24/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 02/03/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932076791 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	18,500	18,500	12/17/2003	01/30/2004	01/30/2004

ACCENTURE LTD				Ticker: ACN		Annual Meeting Date: 02/05/2004
Issuer: G1150G	City:					Holdings Reconciliation Date: 12/08/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 02/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932082174 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	111	36,200	36,200	01/02/2004	01/30/2004	01/30/2004

HEWLETT-PACKARD COMPANY				Ticker: HPQ				Annual Meeting Date: 03/17/2004
Issuer: 428236	City:						Holdings Reconciliation Date: 01/20/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 03/17/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932086982 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		L.T. BABBIO, JR.
	For		P.C. DUNN
	For		C.S. FIORINA
	For		R.A. HACKBORN
	For		G.A. KEYWORTH II
	For		R.E. KNOWLING, JR.
	Withheld		S.M. LITVACK
	For		R.L. RYAN
	For		L.S. SALHANY
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	81,775	81,775	01/27/2004	03/15/2004	03/15/2004

NOKIA CORPORATION				Ticker: NOK				Annual Meeting Date: 03/25/2004
Issuer: 654902	City:						Holdings Reconciliation Date: 01/30/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 03/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932091541 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
1A	Abstain	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
1B	For	For	DIVIDEND
1C	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
1E	For	For	ELECTION OF DIRECTORS
1G	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
2	For	For	AUTHORIZE DIRECTORS TO DECREASE SHARE CAPITAL
3	For	For	AUTHORIZE DIRECTORS TO INCREASE SHARE CAPITAL
4	For	For	AUTHORIZE REISSUANCE OF REPURCHASED SHARES
5	For	For	MISCELLANEOUS SHAREHOLDER EQUITY – GLOBAL
6	For	For	AUTHORIZE DIRECTORS TO INCREASE SHARE CAPITAL
7	For	None	CHANGE STOCK EXCHANGE LISTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	204	66,800	66,800	02/10/2004	03/11/2004	03/11/2004

TYCO INTERNATIONAL LTD.				Ticker: TYC				Annual Meeting Date: 03/25/2004
Issuer: 902124	City:						Holdings Reconciliation Date: 01/14/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 03/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932087655 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND ARTICLES/BYLAW/CHARTER-ORGANIZATION RELATED
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	For	S/H PROPOSAL – REQUIRE ENVIRONMENTAL REPORTING
06	For	Against	S/H PROPOSAL – REINCORPORATE IN OTHER STATE
07	For	Against	S/H – TOBACCO/YOUTH
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	60,496	60,496	02/02/2004	03/23/2004	03/23/2004

FEDERAL HOME LOAN MORTGAGE CORPORATION				Ticker: FRE				Annual Meeting Date: 03/31/2004
Issuer: 313400	City:						Holdings Reconciliation Date: 02/20/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 03/31/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932098343 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	301	13,600	13,600	02/26/2004	03/26/2004	03/26/2004

SCHLUMBERGER LIMITED (SCHLUMBERGER N				Ticker: SLB				Annual Meeting Date: 04/14/2004
Issuer: 806857	City:						Holdings Reconciliation Date: 02/25/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932100996 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	16,900	16,900	03/11/2004	04/12/2004	04/12/2004

BP P.L.C.				Ticker: BP				Annual Meeting Date: 04/15/2004
Issuer: 055622	City:							Holdings Reconciliation Date: 02/23/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/08/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932097808 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
07	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
08	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
09	For	For	ARTICLES OF ASSOCIATION
10	For	For	ALLOT SECURITIES
11	For	For	ALLOT SECURITIES
12	For	For	AUTHORIZE DIRECTORS TO REPURCHASE SHARES
13	For	For	SHARE SCHEME
14	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
15	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
16	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
17	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	10,422	10,422	03/09/2004	04/06/2004	04/06/2004

PPG INDUSTRIES, INC.				Ticker: PPG				Annual Meeting Date: 04/15/2004
Issuer: 693506	City:							Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/15/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103308 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	19,000	19,000	03/09/2004	04/13/2004	04/13/2004

TEXAS INSTRUMENTS INCORPORATED				Ticker: TXN			Annual Meeting Date: 04/15/2004
Issuer: 882508	City:						Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES						Vote Deadline Date: 04/15/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932098634 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	16,000	16,000	03/10/2004	04/13/2004	04/13/2004

NOVELLUS SYSTEMS, INC.				Ticker: NVLS				Annual Meeting Date: 04/16/2004
Issuer: 670008	City:							Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/16/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932108473 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – AUDITOR ON NOT GIVING CONSULTING ADVISE
04	For	Against	S/H – REPORT ON EXECUTIVE COMPENSATION
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	17,100	17,100	03/17/2004	04/13/2004	04/13/2004

ELI LILLY AND COMPANY				Ticker: LLY				Annual Meeting Date: 04/19/2004
Issuer: 532457	City:							Holdings Reconciliation Date: 02/13/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101645 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	11,000	11,000	03/11/2004	04/16/2004	04/16/2004

CITIGROUP INC.				Ticker: C	Annual Meeting Date: 04/20/2004
Issuer: 172967	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106215 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
04	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – DECLASSIFY BOARD
06	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	80,932	80,932	03/17/2004	04/16/2004	04/16/2004

U.S. BANCORP				Ticker: USB	Annual Meeting Date: 04/20/2004
Issuer: 902973	City:				Holdings Reconciliation Date: 02/26/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932099814 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	Withheld	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	304	85,337	85,337	03/09/2004	04/16/2004	04/16/2004

WACHOVIA CORPORATION				Ticker: WB	Annual Meeting Date: 04/20/2004
Issuer: 929903	City:				Holdings Reconciliation Date: 02/18/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106431 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	19,300	19,300	03/17/2004	04/16/2004	04/16/2004

STATE STREET CORPORATION				Ticker: STT	Annual Meeting Date: 04/21/2004
Issuer: 857477	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/21/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107180 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	16,900	16,900	03/17/2004	04/19/2004	04/19/2004

JOHNSON & JOHNSON				Ticker: JNJ	Annual Meeting Date: 04/22/2004
Issuer: 478160	City:				Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103219 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H – REPORT ON CHARITABLE CONRIBUTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	39,478	39,478	03/11/2004	04/20/2004	04/20/2004

LEXMARK INTERNATIONAL, INC.				Ticker: LXK	Annual Meeting Date: 04/22/2004
Issuer: 529771	City:				Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932112991 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	3,500	3,500	03/22/2004	04/20/2004	04/20/2004

PFIZER INC.				Ticker: PFE	Annual Meeting Date: 04/22/2004
Issuer: 717081	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101607 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – HEALTH ISSUES
05	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
09	For	Against	S/H – EXPENSING OF STOCK OPTIONS
10	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	108,035	108,035	03/15/2004	04/21/2004	04/21/2004

MERRILL LYNCH & CO., INC.				Ticker: MER	Annual Meeting Date: 04/23/2004
Issuer: 590188	City:				Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/23/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101037 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
04	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	26,900	26,900	03/10/2004	04/21/2004	04/21/2004

HONEYWELL INTERNATIONAL INC.				Ticker: HON	Annual Meeting Date: 04/26/2004
Issuer: 438516	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106683 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JAMES J. HOWARD
	Withheld		BRUCE KARATZ
	Withheld		RUSSELL E. PALMER
	Withheld		IVAN G. SEIDENBERG
	For		ERIC K. SHINSEKI
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
05	For	Against	S/H PROPOSAL – PUT GOLDEN PARACHUTE TO SHAREHOLDER
			VOTE
06	Against	Against	S/H – REPORT ON PAY DISPARITY
07	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	36,475	36,475	03/17/2004	04/26/2004

EXELON CORPORATION				Ticker: EXC	Annual Meeting Date: 04/27/2004
Issuer: 30161N	City:				Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103423 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	7,012	7,012	03/17/2004	04/26/2004	04/26/2004

INTERNATIONAL BUSINESS MACHINES CORP				Ticker: IBM				Annual Meeting Date: 04/27/2004
Issuer: 459200	City:						Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932089661 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04	For	For	AMEND LONG TERM INCENTIVE PLAN
05	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
06	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
07	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
08	For	Against	S/H – EXPENSING OF STOCK OPTIONS
09	Against	Against	S/H PROPOSAL – INCREASE DISCLOSURE OF EXECUTIVE COMPENSATION
10	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
12	Against	Against	S/H PROPOSAL – INCREASE DISCLOSURE OF EXECUTIVE COMPENSATION
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	14,700	14,700	03/15/2004	04/26/2004	04/26/2004

MERCK & CO., INC.				Ticker: MRK				Annual Meeting Date: 04/27/2004
Issuer: 589331	City:				Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932102306 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	DECLASSIFY BOARD
04	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	Against	Against	S/H PROPOSAL – HEALTH ISSUES
06	Against	Against	S/H – ADD BOARD ETHIC COMMITTEE
07	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
08	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	14,300	14,300	03/09/2004	04/26/2004	04/26/2004

SCHERING-PLOUGH CORPORATION				Ticker: SGP				Annual Meeting Date: 04/27/2004
Issuer: 806605	City:				Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES						Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932109970 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last		Date
Account	Account	Class	Shares	Shares	Date	Vote Date		Confirmed
238871	226	101	32,100	32,100	03/19/2004	04/26/2004		04/26/2004

ANHEUSER-BUSCH COMPANIES, INC.				Ticker: BUD	Annual Meeting Date: 04/28/2004
Issuer: 035229	City:				Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103865 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	24,600	24,600	03/10/2004	04/27/2004	04/27/2004

CHEVRONTEXACO CORPORATION				Ticker: CVX	Annual Meeting Date: 04/28/2004
Issuer: 166764	City:				Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932115707 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	SHAREHOLDER RIGHTS PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
09	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	13,167	13,167	03/29/2004	04/27/2004	04/27/2004

E. I. DU PONT DE NEMOURS AND COMPANY				Ticker: DD				Annual Meeting Date: 04/28/2004
Issuer: 263534	City:						Holdings Reconciliation Date: 03/09/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111165 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
04	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	109	22,985	22,985	03/24/2004	04/27/2004	04/27/2004

GENERAL ELECTRIC COMPANY				Ticker: GE				Annual Meeting Date: 04/28/2004
Issuer: 369604	City:						Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103346 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
0A		For	ELECTION OF DIRECTORS
	For		JAMES I. CASH, JR.
	For		DENNIS D. DAMMERMAN
	For		ANN M. FUDGE
	Withheld		CLAUDIO X. GONZALEZ
	For		JEFFREY R. IMMELT
	For		ANDREA JUNG
	For		ALAN G. LAFLEY
	For		KENNETH G. LANGONE
	For		RALPH S. LARSEN
	For		ROCHELLE B. LAZARUS
	For		SAM NUNN
	For		ROGER S. PENSKE
	For		ROBERT J. SWIERINGA
	For		DOUGLAS A. WARNER III
	For		ROBERT C. WRIGHT
0B	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
0C	For	For	ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN
01	Against	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
02	Against	Against	S/H PROPOSAL – ANIMAL RIGHTS
03	Against	Against	S/H – RESEARCH RENEWABLE ENERGY
04	Against	Against	S/H PROPOSAL – HEALTH ISSUES
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	For	Against	S/H – CREATE A NON-DISCRIMATORY SEXUAL ORIENTATION
			POLICY
08	Against	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY
			POISON PILL
09	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
10	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
12	Against	Against	S/H PROPOSAL – ENHANCE STOCK VALUE VIA MERGER/SALE
13	Against	Against	S/H – INDEXING OF STOCK OPTIONS
14	Against	Against	S/H PROPOSAL – REQUIRE MAJORITY OF DIRECTORS TO BE
			INDEPENDENT
15	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	82,700	82,700	03/09/2004	04/27/2004	04/27/2004

KOHL'S CORPORATION				Ticker: KSS				Annual Meeting Date: 04/28/2004
Issuer: 500255	City:						Holdings Reconciliation Date: 03/03/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932117840 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		WAYNE EMBRY
	Withheld		JOHN F. HERMA
	Withheld		R. LAWRENCE MONTGOMERY
	For		FRANK V. SICA
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	9,700	9,700	03/30/2004	04/27/2004	04/27/2004

VERIZON COMMUNICATIONS INC.				Ticker: VZ				Annual Meeting Date: 04/28/2004
Issuer: 92343V	City:						Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932105631 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
04	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
06	Against	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
07	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
08	For	Against	STOCK TRANSFER AGREEMENT
09	Against	Against	MISCELLANEOUS COMPENSATION PLANS
10	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
11	Against	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	104	28,642	28,642	03/17/2004	04/27/2004	04/27/2004

ALTRIA GROUP, INC.				Ticker: MO				Annual Meeting Date: 04/29/2004
Issuer: 02209S	City:						Holdings Reconciliation Date: 03/08/2004
ISIN:	Country: UNITED STATES							Vote Deadline Date: 04/29/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111482 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – TOBACCO
04	Against	Against	S/H PROPOSAL – TOBACCO
05	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	Against	Against	S/H PROPOSAL – TOBACCO
07	Against	Against	S/H PROPOSAL – TOBACCO
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	7,500	7,500	03/19/2004	04/28/2004	04/28/2004

ALCOA INC.				Ticker: AA		Annual Meeting Date: 04/30/2004
Issuer: 013817	City:					Holdings Reconciliation Date: 02/02/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/30/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932097694 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
3A	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
3B	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	21,600	21,600	03/11/2004	04/29/2004	04/29/2004

MBNA CORPORATION				Ticker: KRB		Annual Meeting Date: 05/03/2004
Issuer: 55262L	City:					Holdings Reconciliation Date: 02/13/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/03/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107231 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JAMES H. BERICK
	Withheld		BENJAMIN R. CIVILETTI
	Withheld		BRUCE L. HAMMONDS
	For		WILLIAM L. JEWS
	Withheld		RANDOLPH D. LERNER
	For		STUART L. MARKOWITZ
	For		WILLIAM B. MILSTEAD
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
04	For	Against	S/H PROPOSAL – REQUIRE MAJORITY OF DIRECTORS TO BE INDEPENDENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	28,400	28,400	03/17/2004	04/30/2004

KNIGHT-RIDDER, INC.				Ticker: KRI	Annual Meeting Date: 05/04/2004
Issuer: 499040	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/04/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932126887 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	11,200	11,200	04/07/2004	05/03/2004	05/03/2004

CSX CORPORATION				Ticker: CSX	Annual Meeting Date: 05/05/2004
Issuer: 126408	City:				Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932116052 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – DECLASSIFY BOARD
04	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	13,800	13,800	04/01/2004	05/04/2004	05/04/2004

GENERAL DYNAMICS CORPORATION				Ticker: GD	Annual Meeting Date: 05/05/2004
Issuer: 369550	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932119440 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	6,200	6,200	04/01/2004	05/04/2004	05/04/2004

PEPSICO, INC.				Ticker: PEP	Annual Meeting Date: 05/05/2004
Issuer: 713448	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932115086 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	28,600	28,600	03/26/2004	05/04/2004	05/04/2004

SAP AG				Ticker: SAP	Annual Meeting Date: 05/06/2004
Issuer: 803054	City:				Holdings Reconciliation Date: 03/30/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932131674 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
02	For	For	CHANGE STOCK EXCHANGE LISTING
03	For	For	CHANGE STOCK EXCHANGE LISTING
04	For	For	CHANGE STOCK EXCHANGE LISTING
05	For	For	CHANGE STOCK EXCHANGE LISTING
06	For	For	CHANGE STOCK EXCHANGE LISTING
07	For	For	CHANGE STOCK EXCHANGE LISTING
08	Against	For	CHANGE STOCK EXCHANGE LISTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	204	16,400	16,400	04/07/2004	04/21/2004	04/21/2004

UNITED PARCEL SERVICE, INC.				Ticker: UPS	Annual Meeting Date: 05/06/2004
Issuer: 911312	City:				Holdings Reconciliation Date: 03/08/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/06/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107609 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	13,000	13,000	03/23/2004	05/05/2004	05/05/2004

ZIMMER HOLDINGS, INC.				Ticker: ZMH	Annual Meeting Date: 05/10/2004
Issuer: 98956P	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/10/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932112509 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	Withheld	For	ELECTION OF DIRECTORS
02	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	11,130	11,130	03/23/2004	05/07/2004	05/07/2004

3M COMPANY				Ticker: MMM	Annual Meeting Date: 05/11/2004
Issuer: 88579Y	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/11/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932124186 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		EDWARD A. BRENNAN
	For		MICHAEL L. ESKEW
	Withheld		W. JAMES MCNERNEY, JR.
	Withheld		KEVIN W. SHARER
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	APPROVE AUTHORIZED COMMON STOCK INCREASE
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	17,100	17,100	04/01/2004	05/10/2004	05/10/2004

GAP, INC.				Ticker: GPS	Annual Meeting Date: 05/12/2004
Issuer: 364760	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932114969 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND OMNIBUS STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	108	60,600	60,600	04/01/2004	05/11/2004	05/11/2004

UNITEDHEALTH GROUP INCORPORATED				Ticker: UNH	Annual Meeting Date: 05/12/2004
Issuer: 91324P	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932129085 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	14,300	14,300	04/07/2004	05/11/2004	05/11/2004

AMGEN INC.				Ticker: AMGN	Annual Meeting Date: 05/13/2004
Issuer: 031162	City:				Holdings Reconciliation Date: 03/19/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/13/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932108637 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		MR. FRANK J. BIONDI, JR
	Withheld		MR. JERRY D. CHOATE
	For		MR. FRANK C. HERRINGER
	For		DR. GILBERT S. OMENN
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
3A	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
3B	For	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	13,000	13,000	04/12/2004	05/11/2004	05/11/2004

THE DOW CHEMICAL COMPANY				Ticker: DOW	Annual Meeting Date: 05/13/2004
Issuer: 260543	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/13/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111812 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	APPROVE CHARTER AMENDMENT
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	12,000	12,000	04/01/2004	05/11/2004	05/11/2004

ENTERGY CORPORATION				Ticker: ETR	Annual Meeting Date: 05/14/2004
Issuer: 29364G	City:				Holdings Reconciliation Date: 03/17/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932120467 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	None	CHANGE STOCK EXCHANGE LISTING
04	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	16,400	16,400	04/01/2004	05/13/2004	05/13/2004

THE ALLSTATE CORPORATION				Ticker: ALL		Annual Meeting Date: 05/18/2004
Issuer: 020002	City:				Holdings Reconciliation Date: 03/19/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/18/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932114337 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	23,800	23,800	04/12/2004	05/17/2004	05/17/2004

AMERICAN INTERNATIONAL GROUP, INC.				Ticker: AIG		Annual Meeting Date: 05/19/2004
Issuer: 026874	City:					Holdings Reconciliation Date: 03/26/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133072 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	ADOPT DIRECTOR STOCK OPTION PLAN
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	107	23,277	23,277	04/12/2004	05/18/2004	05/18/2004

INTEL CORPORATION				Ticker: INTC		Annual Meeting Date: 05/19/2004
Issuer: 458140	City:					Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932120532 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		CRAIG R. BARRETT
	For		CHARLENE BARSHEFSKY
	For		E. JOHN P. BROWNE
	For		ANDREW S. GROVE
	Withheld		D. JAMES GUZY
	For		REED E. HUNDT
	For		PAUL S. OTELLINI
	For		DAVID S. POTTRUCK
	For		JANE E. SHAW
	For		JOHN L. THORNTON
	For		DAVID B. YOFFIE
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
04	For	Against	S/H – EXPENSING OF STOCK OPTIONS
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
06	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	100	104,700	104,700	03/30/2004	05/18/2004	05/18/2004

TARGET CORPORATION				Ticker: TGT		Annual Meeting Date: 05/19/2004
Issuer: 87612E	City:				Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932134656 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	24,800	24,800	04/13/2004	05/18/2004	05/18/2004

MARSH & MCLENNAN COMPANIES, INC.				Ticker: MMC		Annual Meeting Date: 05/20/2004
Issuer: 571748	City:				Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932121697 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	15,700	15,700	04/05/2004	05/19/2004	05/19/2004

MEDIMMUNE, INC.				Ticker: MEDI	Annual Meeting Date: 05/20/2004
Issuer: 584699	City:				Holdings Reconciliation Date: 03/31/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932137943 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	16,600	16,600	04/20/2004	05/19/2004	05/19/2004

TIME WARNER INC.				Ticker: TWX	Annual Meeting Date: 05/21/2004
Issuer: 887317	City:				Holdings Reconciliation Date: 03/23/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/21/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932131294 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
04	Against	Against	S/H – REPORT ON PAY DISPARITY
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	105	46,600	46,600	04/08/2004	05/19/2004	05/19/2004

BANK ONE CORPORATION				Ticker: ONE	Annual Meeting Date: 05/25/2004
Issuer: 06423A	City:				Holdings Reconciliation Date: 04/02/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932150131 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE MERGER AGREEMENT
02	For	For	ELECTION OF DIRECTORS
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	33,800	33,800	04/22/2004	05/24/2004	05/24/2004

FANNIE MAE				Ticker: FNM		Annual Meeting Date: 05/25/2004
Issuer: 313586	City:					Holdings Reconciliation Date: 04/06/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932154420 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND STOCK PURCHASE PLAN
04	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	109	17,900	17,900	04/26/2004	05/24/2004	05/24/2004

COMCAST CORPORATION				Ticker: CMCSA	Annual Meeting Date: 05/26/2004
Issuer: 20030N	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932139012 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		S. DECKER ANSTROM
	Withheld		C. MICHAEL ARMSTRONG
	For		KENNETH J. BACON
	Withheld		SHELDON M. BONOVITZ
	Withheld		JULIAN A. BRODSKY
	For		JOSEPH L. CASTLE, II
	For		J. MICHAEL COOK
	Withheld		BRIAN L. ROBERTS
	Withheld		RALPH J. ROBERTS
	For		DR. JUDITH RODIN
	For		MICHAEL I. SOVERN
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT RESTRICTED STOCK AWARD PLAN
04	For	For	APPROVE CHARTER AMENDMENT
05	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
06	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	34,928	34,928	04/13/2004	05/24/2004	05/24/2004

EXXON MOBIL CORPORATION				Ticker: XOM	Annual Meeting Date: 05/26/2004
Issuer: 30231G	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133123 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
10	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
11	Against	Against	S/H PROPOSAL – ENVIRONMENTAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	102	53,306	53,306	04/12/2004	05/24/2004	05/24/2004

THE HOME DEPOT, INC.				Ticker: HD		Annual Meeting Date: 05/27/2004
Issuer: 437076	City:					Holdings Reconciliation Date: 03/29/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133046 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		GREGORY D. BRENNEMAN
	For		RICHARD H. BROWN
	For		JOHN L. CLENDENIN
	For		BERRY R. COX
	Withheld		CLAUDIO X. GONZALEZ
	For		MILLEDGE A. HART, III
	For		BONNIE G. HILL
	For		KENNETH G. LANGONE
	For		ROBERT L. NARDELLI
	For		ROGER S. PENSKE
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
04	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
06	Against	Against	S/H PROPOSAL – HUMAN RIGHTS RELATED
07	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
08	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot		Received	Last	Date
Account	Account	Class	Shares	Shares		Date	Vote Date	Confirmed
238871	226	102	42,000	42,000		04/13/2004	05/25/2004	05/25/2004

NABORS INDUSTRIES LTD.				Ticker: NBR	Annual Meeting Date: 06/01/2004
Issuer: G6359F	City:				Holdings Reconciliation Date: 04/08/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/01/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932164128 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	APPROVE REINCORPORATION TO DELAWARE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	20,100	20,100	05/07/2004	05/27/2004	05/27/2004

GENERAL MOTORS CORPORATION				Ticker: GM	Annual Meeting Date: 06/02/2004
Issuer: 370442	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/02/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932143059 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
06	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
07	Against	Against	S/H PROPOSAL – ENVIRONMENTAL
08	For	Against	S/H PROPOSAL – PUT GOLDEN PARACHUTE TO SHAREHOLDER VOTE
09	Against	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	105	8,500	8,500	04/20/2004	06/01/2004

WAL-MART STORES, INC.				Ticker: WMT	Annual Meeting Date: 06/04/2004
Issuer: 931142	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/04/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932147285 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT STOCK PURCHASE PLAN
05	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
06	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
07	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
10	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	103	10,100	10,100	04/20/2004	06/02/2004	06/02/2004

DOLLAR TREE STORES, INC.				Ticker: DLTR	Annual Meeting Date: 06/17/2004
Issuer: 256747	City:				Holdings Reconciliation Date: 04/23/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/17/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932162338 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE CHARTER AMENDMENT
02	For	For	ELECTION OF DIRECTORS
03	For	For	AMEND INCENTIVE STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	106	17,600	17,600	05/10/2004	06/16/2004	06/16/2004

INTERACTIVECORP				Ticker: IACI	Annual Meeting Date: 06/23/2004
Issuer: 45840Q	City:				Holdings Reconciliation Date: 04/29/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/23/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932175347 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		RICHARD N. BARTON
	Withheld		ROBERT R. BENNETT
	Withheld		EDGAR BRONFMAN, JR.
	Withheld		BARRY DILLER
	Withheld		VICTOR A. KAUFMAN
	For		DONALD R. KEOUGH*
	For		MARIE-JOSEE KRAVIS
	For		JOHN C. MALONE
	For		STEVEN RATTNER
	For		GEN. H.N. SCHWARZKOPF*
	For		ALAN G. SPOON*
	Withheld		DIANE VON FURSTENBERG
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	30,100	30,100	05/17/2004	06/21/2004	06/21/2004

BEST BUY CO., INC.				Ticker: BBY	Annual Meeting Date: 06/24/2004
Issuer: 086516	City:				Holdings Reconciliation Date: 04/26/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/24/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932175741 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238871	226	101	10,800	10,800	05/17/2004	06/22/2004	06/22/2004

Account – McM Equity Fund
DELL COMPUTER CORPORATION				Ticker: DELL	Annual Meeting Date: 07/18/2003
Issuer: 247025	City:				Holdings Reconciliation Date: 05/23/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 07/18/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932010123 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	DECLASSIFY BOARD
03	For	For	APPROVE COMPANY NAME CHANGE
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	109	51,000	51,000	06/06/2003	07/15/2003	07/15/2003

VODAFONE GROUP PLC				Ticker: VOD	Annual Meeting Date: 07/30/2003
Issuer: 92857W	City:				Holdings Reconciliation Date: 06/02/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 07/23/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932018953 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
02	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
03	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
04	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
05	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
06	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
07	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
08	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
09	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
10	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
11	For	For	PERMIT DIRECTORS TO FIX/APPROVE AUDITOR'S REMUNERATION
12	For	For	MISCELLANEOUS CORPORATE ACTIONS – GLOBAL
13	For	For	ALLOT SECURITIES
14	For	For	ELIMINATE PREEMPTIVE RIGHTS
15	For	For	MISCELLANEOUS SHAREHOLDER EQUITY – GLOBAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	106,950	106,950	06/27/2003	07/22/2003	07/22/2003

XILINX, INC.				Ticker: XLNX	Annual Meeting Date: 08/07/2003
Issuer: 983919	City:				Holdings Reconciliation Date: 06/09/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 08/07/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932016101 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	16,700	16,700	06/27/2003	07/17/2003	07/17/2003

BMC SOFTWARE, INC.				Ticker: BMC	Annual Meeting Date: 08/21/2003
Issuer: 055921	City:				Holdings Reconciliation Date: 07/03/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 08/21/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932027394 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	35,200	35,200	07/17/2003	08/18/2003	08/18/2003

ZIMMER HOLDINGS, INC.				Ticker: ZMH	Special Meeting Date: 08/21/2003
Issuer: 98956P	City:				Holdings Reconciliation Date: 06/16/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 08/21/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932019830 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	MISCELLANEOUS CORPORATE ACTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	51,350	51,350	06/27/2003	07/17/2003	07/17/2003

MEDTRONIC, INC.				Ticker: MDT	Annual Meeting Date: 08/28/2003
Issuer: 585055	City:				Holdings Reconciliation Date: 07/03/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 08/28/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932028663 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		RICHARD H. ANDERSON
	For		MICHAEL R. BONSIGNORE
	Withheld		GORDON M. SPRENGER
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	26,300	26,300	07/24/2003	08/22/2003	08/22/2003

PAYCHEX, INC.				Ticker: PAYX	Annual Meeting Date: 10/02/2003
Issuer: 704326	City:				Holdings Reconciliation Date: 08/04/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/02/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932038234 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		B. THOMAS GOLISANO
	For		BETSY S. ATKINS
	Withheld		G. THOMAS CLARK
	For		DAVID J. S. FLASCHEN
	For		PHILLIP HORSLEY
	For		GRANT M. INMAN
	Withheld		J. ROBERT SEBO
	Withheld		JOSEPH M. TUCCI
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	17,300	17,300	08/21/2003	09/30/2003	09/30/2003

GENERAL MOTORS CORPORATION				Ticker: GM	Consent Meeting Date: 10/03/2003
Issuer: 370442	City:				Holdings Reconciliation Date: 08/01/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/03/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932040380 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE CHARTER AMENDMENT
02	For	For	APPROVE CHARTER AMENDMENT
03	For	For	MISCELLANEOUS CORPORATE ACTIONS
04	For	For	AUTHORIZE SALE OF ASSETS
05	For	For	ACQUISITION AGREEMENT
06	For	For	AMEND BYLAW/CHARTER
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	105	25,100	25,100	08/29/2003	09/30/2003	09/30/2003

THE PROCTER & GAMBLE COMPANY				Ticker: PG	Annual Meeting Date: 10/14/2003
Issuer: 742718	City:				Holdings Reconciliation Date: 08/01/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/14/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932038474 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	109	45,600	45,600	08/26/2003	10/06/2003	10/06/2003

AFFILIATED COMPUTER SERVICES, INC.				Ticker: ACS	Annual Meeting Date: 10/30/2003
Issuer: 008190	City:				Holdings Reconciliation Date: 09/19/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/30/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932049542 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	26,700	26,700	10/01/2003	10/20/2003	10/20/2003

SARA LEE CORPORATION				Ticker: SLE	Annual Meeting Date: 10/30/2003
Issuer: 803111	City:				Holdings Reconciliation Date: 09/02/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 10/30/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932047699 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – REPORT ON CHARITABLE DONATIONS
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	128,800	128,800	09/19/2003	10/21/2003	10/21/2003

CARDINAL HEALTH, INC.				Ticker: CAH	Annual Meeting Date: 11/05/2003
Issuer: 14149Y	City:				Holdings Reconciliation Date: 09/08/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 11/05/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932054303 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	32,400	32,400	10/10/2003	10/31/2003	10/31/2003

SYSCO CORPORATION				Ticker: SYY	Annual Meeting Date: 11/07/2003
Issuer: 871829	City:				Holdings Reconciliation Date: 09/09/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 11/07/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932051383 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JONATHAN GOLDEN*
	For		JOSEPH A. HAFNER, JR.*
	Withheld		THOMAS E. LANKFORD*
	Withheld		RICHARD J. SCHNIEDERS*
	For		J.K. STUBBLEFIELD, JR**
02	For	For	APPROVE AUTHORIZED COMMON STOCK INCREASE
03	Against	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	51,100	51,100	09/30/2003	11/03/2003	11/03/2003

AUTOMATIC DATA PROCESSING, INC.				Ticker: ADP		Annual Meeting Date: 11/11/2003
Issuer: 053015	City:					Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932040152 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	AMEND EMPLOYEE STOCK OPTION PLAN
03	For	For	AMEND STOCK PURCHASE PLAN
04	For	For	ADOPT DIRECTOR STOCK OPTION PLAN
05	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	48,400	48,400	09/19/2003	11/07/2003	11/07/2003

CISCO SYSTEMS, INC.				Ticker: CSCO		Annual Meeting Date: 11/11/2003
Issuer: 17275R	City:					Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932046899 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	AMEND STOCK PURCHASE PLAN TO INCREASE SHARES
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04	Against	Against	S/H PROPOSAL – BUSINESS/INVESTMENT
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	191,500	191,500	09/19/2003	11/07/2003	11/07/2003

MICROSOFT CORPORATION				Ticker: MSFT		Annual Meeting Date: 11/11/2003
Issuer: 594918	City:					Holdings Reconciliation Date: 09/12/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 11/11/2003
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932048879 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		WILLIAM H. GATES III
	For		STEVEN A. BALLMER
	For		JAMES I. CASH JR.
	For		RAYMOND V. GILMARTIN
	For		A. MCLAUGHLIN KOROLOGOS
	For		DAVID F. MARQUARDT
	For		CHARLES H. NOSKI
	For		HELMUT PANKE
	For		WM. G. REED JR.
	Withheld		JON A. SHIRLEY
02	For	For	AMEND OMNIBUS STOCK OPTION PLAN
03	For	For	AMEND NON-EMPLOYEE DIRECTOR PLAN
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	258,100	258,100	09/25/2003	11/07/2003	11/07/2003

WALGREEN CO.				Ticker: WAG	Annual Meeting Date: 01/14/2004
Issuer: 931422	City:				Holdings Reconciliation Date: 11/17/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 01/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932064532 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	Against	For	AMEND OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	109	39,500	39,500	11/26/2003	01/08/2004	01/08/2004

COSTCO WHOLESALE CORPORATION				Ticker: COST	Annual Meeting Date: 01/29/2004
Issuer: 22160K	City:				Holdings Reconciliation Date: 12/05/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 01/29/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932077666 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	Against	S/H PROPOSAL – DECLASSIFY BOARD
03	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	105	75,650	75,650	12/24/2003	01/26/2004	01/26/2004

EMERSON ELECTRIC CO.				Ticker: EMR	Annual Meeting Date: 02/03/2004
Issuer: 291011	City:				Holdings Reconciliation Date: 11/24/2003
ISIN:	Country: UNITED STATES					Vote Deadline Date: 02/03/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932076791 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	34,800	34,800	12/17/2003	01/30/2004	01/30/2004

ACCENTURE LTD				Ticker: ACN	Annual Meeting Date: 02/05/2004
Issuer: G1150G	City:				Holdings Reconciliation Date: 12/08/2003
ISIN:	Country: UNITED STATES				Vote Deadline Date: 02/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932082174 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	111	83,600	83,600	01/02/2004	01/30/2004	01/30/2004

HEWLETT-PACKARD COMPANY				Ticker: HPQ	Annual Meeting Date: 03/17/2004
Issuer: 428236	City:				Holdings Reconciliation Date: 01/20/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 03/17/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932086982 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		L.T. BABBIO, JR.
	For		P.C. DUNN
	For		C.S. FIORINA
	For		R.A. HACKBORN
	For		G.A. KEYWORTH II
	For		R.E. KNOWLING, JR.
	Withheld		S.M. LITVACK
	For		R.L. RYAN
	For		L.S. SALHANY
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	188,509	188,509	01/27/2004	03/15/2004	03/15/2004

NOKIA CORPORATION				Ticker: NOK	Annual Meeting Date: 03/25/2004
Issuer: 654902	City:				Holdings Reconciliation Date: 01/30/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 03/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932091541 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
1A	Abstain	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
1B	For	For	DIVIDEND
1C	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
1E	For	For	ELECTION OF DIRECTORS
1G	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
2	For	For	AUTHORIZE DIRECTORS TO DECREASE SHARE CAPITAL
3	For	For	AUTHORIZE DIRECTORS TO INCREASE SHARE CAPITAL
4	For	For	AUTHORIZE REISSUANCE OF REPURCHASED SHARES
5	For	For	MISCELLANEOUS SHAREHOLDER EQUITY – GLOBAL
6	For	For	AUTHORIZE DIRECTORS TO INCREASE SHARE CAPITAL
7	For	None	CHANGE STOCK EXCHANGE LISTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	204	150,900	150,900	02/10/2004	03/11/2004	03/11/2004

TYCO INTERNATIONAL LTD.				Ticker: TYC	Annual Meeting Date: 03/25/2004
Issuer: 902124	City:				Holdings Reconciliation Date: 01/14/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 03/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932087655 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND ARTICLES/BYLAW/CHARTER-ORGANIZATION RELATED
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	For	S/H PROPOSAL – REQUIRE ENVIRONMENTAL REPORTING
06	For	Against	S/H PROPOSAL – REINCORPORATE IN OTHER STATE
07	For	Against	S/H – TOBACCO/YOUTH
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	138,100	138,100	02/02/2004	03/23/2004	03/23/2004

FEDERAL HOME LOAN MORTGAGE CORPORATION				Ticker: FRE	Annual Meeting Date: 03/31/2004
Issuer: 313400	City:				Holdings Reconciliation Date: 02/20/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 03/31/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932098343 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	301	34,300	34,300	02/26/2004	03/26/2004	03/26/2004

SCHLUMBERGER LIMITED (SCHLUMBERGER N				Ticker: SLB	Annual Meeting Date: 04/14/2004
Issuer: 806857	City:				Holdings Reconciliation Date: 02/25/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932100996 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	34,150	34,150	03/11/2004	04/12/2004	04/12/2004

BP P.L.C.				Ticker: BP	Annual Meeting Date: 04/15/2004
Issuer: 055622	City:				Holdings Reconciliation Date: 02/23/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/08/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932097808 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
07	For	For	MISCELLANEOUS CORPORATE GOVERNANCE
08	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
09	For	For	ARTICLES OF ASSOCIATION
10	For	For	ALLOT SECURITIES
11	For	For	ALLOT SECURITIES
12	For	For	AUTHORIZE DIRECTORS TO REPURCHASE SHARES
13	For	For	SHARE SCHEME
14	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
15	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
16	For	For	MISCELLANEOUS CORPORATE GOVERNANCE – GLOBAL
17	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	21,150	21,150	03/09/2004	04/06/2004	04/06/2004

PPG INDUSTRIES, INC.				Ticker: PPG	Annual Meeting Date: 04/15/2004
Issuer: 693506	City:				Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/15/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103308 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	37,300	37,300	03/09/2004	04/13/2004	04/13/2004

TEXAS INSTRUMENTS INCORPORATED				Ticker: TXN	Annual Meeting Date: 04/15/2004
Issuer: 882508	City:				Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/15/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932098634 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	36,700	36,700	03/10/2004	04/13/2004	04/13/2004

NOVELLUS SYSTEMS, INC.				Ticker: NVLS	Annual Meeting Date: 04/16/2004
Issuer: 670008	City:				Holdings Reconciliation Date: 02/17/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/16/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932108473 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – AUDITOR ON NOT GIVING CONSULTING ADVISE
04	For	Against	S/H – REPORT ON EXECUTIVE COMPENSATION
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	35,950	35,950	03/17/2004	04/13/2004	04/13/2004

ELI LILLY AND COMPANY				Ticker: LLY	Annual Meeting Date: 04/19/2004
Issuer: 532457	City:				Holdings Reconciliation Date: 02/13/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101645 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	25,300	25,300	03/11/2004	04/16/2004	04/16/2004

CITIGROUP INC.				Ticker: C	Annual Meeting Date: 04/20/2004
Issuer: 172967	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106215 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
04	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – DECLASSIFY BOARD
06	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	182,408	182,408	03/17/2004	04/16/2004	04/16/2004

U.S. BANCORP				Ticker: USB	Annual Meeting Date: 04/20/2004
Issuer: 902973	City:				Holdings Reconciliation Date: 02/26/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932099814 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	Withheld	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	304	188,979	188,979	03/09/2004	04/16/2004	04/16/2004

WACHOVIA CORPORATION				Ticker: WB	Annual Meeting Date: 04/20/2004
Issuer: 929903	City:				Holdings Reconciliation Date: 02/18/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106431 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	44,200	44,200	03/17/2004	04/16/2004	04/16/2004

STATE STREET CORPORATION				Ticker: STT	Annual Meeting Date: 04/21/2004
Issuer: 857477	City:				Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/21/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107180 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	40,900	40,900	03/17/2004	04/19/2004	04/19/2004

JOHNSON & JOHNSON				Ticker: JNJ	Annual Meeting Date: 04/22/2004
Issuer: 478160	City:				Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103219 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H – REPORT ON CHARITABLE CONRIBUTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	82,260	82,260	03/11/2004	04/20/2004	04/20/2004

LEXMARK INTERNATIONAL, INC.				Ticker: LXK	Annual Meeting Date: 04/22/2004
Issuer: 529771	City:				Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932112991 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	10,200	10,200	03/22/2004	04/20/2004	04/20/2004

PFIZER INC.				Ticker: PFE		Annual Meeting Date: 04/22/2004
Issuer: 717081	City:					Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101607 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – HEALTH ISSUES
05	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
09	For	Against	S/H – EXPENSING OF STOCK OPTIONS
10	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	241,685	241,685	03/15/2004	04/21/2004	04/21/2004

MERRILL LYNCH & CO., INC.				Ticker: MER		Annual Meeting Date: 04/23/2004
Issuer: 590188	City:					Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/23/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932101037 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
04	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	61,300	61,300	03/10/2004	04/21/2004	04/21/2004

HONEYWELL INTERNATIONAL INC.				Ticker: HON		Annual Meeting Date: 04/26/2004
Issuer: 438516	City:					Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932106683 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JAMES J. HOWARD
	Withheld		BRUCE KARATZ
	Withheld		RUSSELL E. PALMER
	Withheld		IVAN G. SEIDENBERG
	For		ERIC K. SHINSEKI
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
04	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
05	For	Against	S/H PROPOSAL – PUT GOLDEN PARACHUTE TO SHAREHOLDER VOTE
06	Against	Against	S/H – REPORT ON PAY DISPARITY
07	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	76,900	76,900	03/17/2004	04/26/2004

EXELON CORPORATION				Ticker: EXC		Annual Meeting Date: 04/27/2004
Issuer: 30161N	City:					Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103423 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	15,712	15,712	03/17/2004	04/26/2004	04/26/2004

INTERNATIONAL BUSINESS MACHINES CORP				Ticker: IBM		Annual Meeting Date: 04/27/2004
Issuer: 459200	City:					Holdings Reconciliation Date: 02/27/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932089661 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04	For	For	AMEND LONG TERM INCENTIVE PLAN
05	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
06	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
07	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
08	For	Against	S/H – EXPENSING OF STOCK OPTIONS
09	Against	Against	S/H PROPOSAL – INCREASE DISCLOSURE OF EXECUTIVE COMPENSATION
10	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
12	Against	Against	S/H PROPOSAL – INCREASE DISCLOSURE OF EXECUTIVE COMPENSATION
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	32,200	32,200	03/15/2004	04/26/2004	04/26/2004

MERCK & CO., INC.				Ticker: MRK		Annual Meeting Date: 04/27/2004
Issuer: 589331	City:					Holdings Reconciliation Date: 02/24/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932102306 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	DECLASSIFY BOARD
04	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	Against	Against	S/H PROPOSAL – HEALTH ISSUES
06	Against	Against	S/H – ADD BOARD ETHIC COMMITTEE
07	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
08	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	32,095	32,095	03/09/2004	04/26/2004	04/26/2004

SCHERING-PLOUGH CORPORATION				Ticker: SGP		Annual Meeting Date: 04/27/2004
Issuer: 806605	City:					Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932109970 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	79,600	79,600	03/19/2004	04/26/2004	04/26/2004

ANHEUSER-BUSCH COMPANIES, INC.				Ticker: BUD		Annual Meeting Date: 04/28/2004
Issuer: 035229	City:					Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103865 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	58,200	58,200	03/10/2004	04/27/2004	04/27/2004

CHEVRONTEXACO CORPORATION				Ticker: CVX		Annual Meeting Date: 04/28/2004
Issuer: 166764	City:					Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932115707 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	SHAREHOLDER RIGHTS PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
09	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	27,351	27,351	03/29/2004	04/27/2004	04/27/2004

E. I. DU PONT DE NEMOURS AND COMPANY				Ticker: DD		Annual Meeting Date: 04/28/2004
Issuer: 263534	City:					Holdings Reconciliation Date: 03/09/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111165 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
04	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	109	47,904	47,904	03/24/2004	04/27/2004	04/27/2004

GENERAL ELECTRIC COMPANY				Ticker: GE	Annual Meeting Date: 04/28/2004
Issuer: 369604	City:				Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932103346 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
0A		For	ELECTION OF DIRECTORS
	For		JAMES I. CASH, JR.
	For		DENNIS D. DAMMERMAN
	For		ANN M. FUDGE
	Withheld		CLAUDIO X. GONZALEZ
	For		JEFFREY R. IMMELT
	For		ANDREA JUNG
	For		ALAN G. LAFLEY
	For		KENNETH G. LANGONE
	For		RALPH S. LARSEN
	For		ROCHELLE B. LAZARUS
	For		SAM NUNN
	For		ROGER S. PENSKE
	For		ROBERT J. SWIERINGA
	For		DOUGLAS A. WARNER III
	For		ROBERT C. WRIGHT
0B	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
0C	For	For	ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN
01	Against	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
02	Against	Against	S/H PROPOSAL – ANIMAL RIGHTS
03	Against	Against	S/H – RESEARCH RENEWABLE ENERGY
04	Against	Against	S/H PROPOSAL – HEALTH ISSUES
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	For	Against	S/H – CREATE A NON-DISCRIMATORY SEXUAL ORIENTATION POLICY
08	Against	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
09	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
10	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
12	Against	Against	S/H PROPOSAL – ENHANCE STOCK VALUE VIA MERGER/SALE
13	Against	Against	S/H – INDEXING OF STOCK OPTIONS
14	Against	Against	S/H PROPOSAL – REQUIRE MAJORITY OF DIRECTORS TO BE INDEPENDENT
15	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	181,000	181,000	03/09/2004	04/27/2004	04/27/2004

KOHL'S CORPORATION				Ticker: KSS	Annual Meeting Date: 04/28/2004
Issuer: 500255	City:				Holdings Reconciliation Date: 03/03/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932117840 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		WAYNE EMBRY
	Withheld		JOHN F. HERMA
	Withheld		R. LAWRENCE MONTGOMERY
	For		FRANK V. SICA
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	22,200	22,200	03/30/2004	04/27/2004	04/27/2004

VERIZON COMMUNICATIONS INC.				Ticker: VZ	Annual Meeting Date: 04/28/2004
Issuer: 92343V	City:				Holdings Reconciliation Date: 03/01/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/28/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932105631 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
04	Against	Against	S/H PROPOSAL – LIMIT COMPENSATION
05	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
06	Against	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
07	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
08	For	Against	STOCK TRANSFER AGREEMENT
09	Against	Against	MISCELLANEOUS COMPENSATION PLANS
10	For	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
11	Against	Against	S/H PROPOSAL – PROXY PROCESS/STATEMENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	104	63,462	63,462	03/17/2004	04/27/2004	04/27/2004

ALTRIA GROUP, INC.				Ticker: MO	Annual Meeting Date: 04/29/2004
Issuer: 02209S	City:				Holdings Reconciliation Date: 03/08/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/29/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111482 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – TOBACCO
04	Against	Against	S/H PROPOSAL – TOBACCO
05	For	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	Against	Against	S/H PROPOSAL – TOBACCO
07	Against	Against	S/H PROPOSAL – TOBACCO
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	17,500	17,500	03/19/2004	04/28/2004	04/28/2004

ALCOA INC.				Ticker: AA	Annual Meeting Date: 04/30/2004
Issuer: 013817	City:				Holdings Reconciliation Date: 02/02/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/30/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932097694 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
3A	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
3B	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	52,100	52,100	03/11/2004	04/29/2004	04/29/2004

MBNA CORPORATION				Ticker: KRB	Annual Meeting Date: 05/03/2004
Issuer: 55262L	City:				Holdings Reconciliation Date: 02/13/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/03/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107231 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		JAMES H. BERICK
	Withheld		BENJAMIN R. CIVILETTI
	Withheld		BRUCE L. HAMMONDS
	For		WILLIAM L. JEWS
	Withheld		RANDOLPH D. LERNER
	For		STUART L. MARKOWITZ
	For		WILLIAM B. MILSTEAD
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
04	For	Against	S/H PROPOSAL – REQUIRE MAJORITY OF DIRECTORS TO BE INDEPENDENT
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	64,500	64,500	03/17/2004	04/30/2004

KNIGHT-RIDDER, INC.				Ticker: KRI	Annual Meeting Date: 05/04/2004
Issuer: 499040	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/04/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932126887 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	21,150	21,150	04/07/2004	05/03/2004	05/03/2004

CSX CORPORATION				Ticker: CSX	Annual Meeting Date: 05/05/2004
Issuer: 126408	City:				Holdings Reconciliation Date: 03/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932116052 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – DECLASSIFY BOARD
04	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	31,300	31,300	04/01/2004	05/04/2004	05/04/2004

GENERAL DYNAMICS CORPORATION				Ticker: GD	Annual Meeting Date: 05/05/2004
Issuer: 369550	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932119440 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY POISON PILL
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	13,100	13,100	04/01/2004	05/04/2004	05/04/2004

PEPSICO, INC.				Ticker: PEP	Annual Meeting Date: 05/05/2004
Issuer: 713448	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/05/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932115086 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – HEALTH ISSUES
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	64,750	64,750	03/26/2004	05/04/2004	05/04/2004

SAP AG				Ticker: SAP	Annual Meeting Date: 05/06/2004
Issuer: 803054	City:				Holdings Reconciliation Date: 03/30/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 04/22/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932131674 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
02	For	For	CHANGE STOCK EXCHANGE LISTING
03	For	For	CHANGE STOCK EXCHANGE LISTING
04	For	For	CHANGE STOCK EXCHANGE LISTING
05	For	For	CHANGE STOCK EXCHANGE LISTING
06	For	For	CHANGE STOCK EXCHANGE LISTING
07	For	For	CHANGE STOCK EXCHANGE LISTING
08	Against	For	CHANGE STOCK EXCHANGE LISTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	204	35,950	35,950	04/07/2004	04/21/2004	04/21/2004

UNITED PARCEL SERVICE, INC.				Ticker: UPS	Annual Meeting Date: 05/06/2004
Issuer: 911312	City:				Holdings Reconciliation Date: 03/08/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/06/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932107609 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	28,400	28,400	03/23/2004	05/05/2004	05/05/2004

ZIMMER HOLDINGS, INC.				Ticker: ZMH	Annual Meeting Date: 05/10/2004
Issuer: 98956P	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/10/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932112509 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	Withheld	For	ELECTION OF DIRECTORS
02	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY
			POISON PILL
03	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	29,950	29,950	03/23/2004	05/07/2004	05/07/2004

3M COMPANY				Ticker: MMM	Annual Meeting Date: 05/11/2004
Issuer: 88579Y	City:				Holdings Reconciliation Date: 03/12/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/11/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932124186 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		EDWARD A. BRENNAN
	For		MICHAEL L. ESKEW
	Withheld		W. JAMES MCNERNEY, JR.
	Withheld		KEVIN W. SHARER
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	APPROVE AUTHORIZED COMMON STOCK INCREASE
04	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	38,160	38,160	04/01/2004	05/10/2004	05/10/2004

GAP, INC.				Ticker: GPS	Annual Meeting Date: 05/12/2004
Issuer: 364760	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932114969 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND OMNIBUS STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	108	137,900	137,900	04/01/2004	05/11/2004	05/11/2004

UNITEDHEALTH GROUP INCORPORATED				Ticker: UNH		Annual Meeting Date: 05/12/2004
Issuer: 91324P	City:					Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/12/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932129085 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	S/H – EXPENSING OF STOCK OPTIONS
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	33,400	33,400	04/07/2004	05/11/2004	05/11/2004

AMGEN INC.				Ticker: AMGN		Annual Meeting Date: 05/13/2004
Issuer: 031162	City:					Holdings Reconciliation Date: 03/19/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/13/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932108637 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		MR. FRANK J. BIONDI, JR
	Withheld		MR. JERRY D. CHOATE
	For		MR. FRANK C. HERRINGER
	For		DR. GILBERT S. OMENN
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
3A	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
3B	For	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	28,500	28,500	04/12/2004	05/11/2004	05/11/2004

THE DOW CHEMICAL COMPANY				Ticker: DOW		Annual Meeting Date: 05/13/2004
Issuer: 260543	City:					Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/13/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932111812 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	APPROVE CHARTER AMENDMENT
04	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	25,400	25,400	04/01/2004	05/11/2004	05/11/2004

ENTERGY CORPORATION				Ticker: ETR		Annual Meeting Date: 05/14/2004
Issuer: 29364G	City:					Holdings Reconciliation Date: 03/17/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/14/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932120467 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	None	CHANGE STOCK EXCHANGE LISTING
04	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
05	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	37,400	37,400	04/01/2004	05/13/2004	05/13/2004

THE ALLSTATE CORPORATION				Ticker: ALL		Annual Meeting Date: 05/18/2004
Issuer: 020002	City:					Holdings Reconciliation Date: 03/19/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 05/18/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932114337 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	56,300	56,300	04/12/2004	05/17/2004	05/17/2004

AMERICAN INTERNATIONAL GROUP, INC.				Ticker: AIG	Annual Meeting Date: 05/19/2004
Issuer: 026874	City:				Holdings Reconciliation Date: 03/26/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133072 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	ADOPT DIRECTOR STOCK OPTION PLAN
04	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
05	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	107	52,767	52,767	04/12/2004	05/18/2004	05/18/2004

INTEL CORPORATION				Ticker: INTC	Annual Meeting Date: 05/19/2004
Issuer: 458140	City:				Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932120532 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		CRAIG R. BARRETT
	For		CHARLENE BARSHEFSKY
	For		E. JOHN P. BROWNE
	For		ANDREW S. GROVE
	Withheld		D. JAMES GUZY
	For		REED E. HUNDT
	For		PAUL S. OTELLINI
	For		DAVID S. POTTRUCK
	For		JANE E. SHAW
	For		JOHN L. THORNTON
	For		DAVID B. YOFFIE
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
04	For	Against	S/H – EXPENSING OF STOCK OPTIONS
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
06	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	100	219,450	219,450	03/30/2004	05/18/2004	05/18/2004

TARGET CORPORATION				Ticker: TGT	Annual Meeting Date: 05/19/2004
Issuer: 87612E	City:				Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/19/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932134656 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	58,300	58,300	04/13/2004	05/18/2004	05/18/2004

MARSH & MCLENNAN COMPANIES, INC.				Ticker: MMC	Annual Meeting Date: 05/20/2004
Issuer: 571748	City:				Holdings Reconciliation Date: 03/22/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932121697 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	31,400	31,400	04/05/2004	05/19/2004	05/19/2004

MEDIMMUNE, INC.				Ticker: MEDI	Annual Meeting Date: 05/20/2004
Issuer: 584699	City:				Holdings Reconciliation Date: 03/31/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/20/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932137943 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT INCENTIVE STOCK OPTION PLAN
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	39,300	39,300	04/20/2004	05/19/2004	05/19/2004

TIME WARNER INC.				Ticker: TWX	Annual Meeting Date: 05/21/2004
Issuer: 887317	City:				Holdings Reconciliation Date: 03/23/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/21/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932131294 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
04	Against	Against	S/H – REPORT ON PAY DISPARITY
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	105	103,200	103,200	04/08/2004	05/19/2004	05/19/2004

BANK ONE CORPORATION				Ticker: ONE	Annual Meeting Date: 05/25/2004
Issuer: 06423A	City:				Holdings Reconciliation Date: 04/02/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932150131 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE MERGER AGREEMENT
02	For	For	ELECTION OF DIRECTORS
03	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	74,700	74,700	04/22/2004	05/24/2004	05/24/2004

FANNIE MAE				Ticker: FNM	Annual Meeting Date: 05/25/2004
Issuer: 313586	City:				Holdings Reconciliation Date: 04/06/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/25/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932154420 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	AMEND STOCK PURCHASE PLAN
04	For	Against	S/H PROPOSAL – ADOPT CUMULATIVE VOTING
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	109	32,650	32,650	04/26/2004	05/24/2004	05/24/2004

COMCAST CORPORATION				Ticker: CMCSA	Annual Meeting Date: 05/26/2004
Issuer: 20030N	City:				Holdings Reconciliation Date: 03/15/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932139012 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	Withheld		S. DECKER ANSTROM
	Withheld		C. MICHAEL ARMSTRONG
	For		KENNETH J. BACON
	Withheld		SHELDON M. BONOVITZ
	Withheld		JULIAN A. BRODSKY
	For		JOSEPH L. CASTLE, II
	For		J. MICHAEL COOK
	Withheld		BRIAN L. ROBERTS
	Withheld		RALPH J. ROBERTS
	For		DR. JUDITH RODIN
	For		MICHAEL I. SOVERN
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT RESTRICTED STOCK AWARD PLAN
04	For	For	APPROVE CHARTER AMENDMENT
05	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
06	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
07	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	85,974	85,974	04/13/2004	05/24/2004	05/24/2004

EXXON MOBIL CORPORATION				Ticker: XOM	Annual Meeting Date: 05/26/2004
Issuer: 30231G	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/26/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133123 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
05	Against	Against	S/H PROPOSAL – POLITICAL/GOVERNMENT
06	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
07	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
08	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
10	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
11	Against	Against	S/H PROPOSAL – ENVIRONMENTAL
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	121,871	121,871	04/12/2004	05/24/2004	05/24/2004

THE HOME DEPOT, INC.				Ticker: HD	Annual Meeting Date: 05/27/2004
Issuer: 437076	City:				Holdings Reconciliation Date: 03/29/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 05/27/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932133046 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		GREGORY D. BRENNEMAN
	For		RICHARD H. BROWN
	For		JOHN L. CLENDENIN
	For		BERRY R. COX
	Withheld		CLAUDIO X. GONZALEZ
	For		MILLEDGE A. HART, III
	For		BONNIE G. HILL
	For		KENNETH G. LANGONE
	For		ROBERT L. NARDELLI
	For		ROGER S. PENSKE
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
04	For	Against	S/H PROPOSAL – RESCIND OR ALLOW SHAREHOLDER TO RATIFY
			POISON PILL
05	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
06	Against	Against	S/H PROPOSAL – HUMAN RIGHTS RELATED
07	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
08	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	102	93,000	93,000	04/13/2004	05/25/2004	05/25/2004

NABORS INDUSTRIES LTD.				Ticker: NBR	Annual Meeting Date: 06/01/2004
Issuer: G6359F	City:				Holdings Reconciliation Date: 04/08/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/01/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932164128 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	Against	APPROVE REINCORPORATION TO DELAWARE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	31,900	31,900	05/07/2004	05/27/2004	05/27/2004

GENERAL MOTORS CORPORATION				Ticker: GM	Annual Meeting Date: 06/02/2004
Issuer: 370442	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/02/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932143059 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
04	Against	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
05	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
06	Against	Against	S/H PROPOSAL – BOARD OF DIRECTORS
07	Against	Against	S/H PROPOSAL – ENVIRONMENTAL
08	For	Against	S/H PROPOSAL – PUT GOLDEN PARACHUTE TO SHAREHOLDER
			VOTE
09	Against	Against	S/H – EXPENSING OF STOCK OPTIONS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	105	19,900	19,900	04/20/2004	06/01/2004

WAL-MART STORES, INC.				Ticker: WMT	Annual Meeting Date: 06/04/2004
Issuer: 931142	City:				Holdings Reconciliation Date: 04/05/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/04/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 93214728 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
04	For	For	ADOPT STOCK PURCHASE PLAN
05	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
06	For	Against	S/H PROPOSAL – BOARD OF DIRECTORS
07	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
08	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
09	Against	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
10	For	Against	MISCELLANEOUS SHAREHOLDER PROPOSAL
11	For	Against	S/H PROPOSAL – CORPORATE GOVERNANCE
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	103	20,800	20,800	04/20/2004	06/02/2004	06/02/2004

DOLLAR TREE STORES, INC.				Ticker: DLTR	Annual Meeting Date: 06/17/2004
Issuer: 256747	City:				Holdings Reconciliation Date: 04/23/2004
ISIN:	Country: UNITED STATES				Vote Deadline Date: 06/17/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932162338 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	APPROVE CHARTER AMENDMENT
02	For	For	ELECTION OF DIRECTORS
03	For	For	AMEND INCENTIVE STOCK OPTION PLAN
04	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
05	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	106	40,350	40,350	05/10/2004	06/16/2004	06/16/2004

INTERACTIVECORP				Ticker: IACI		Annual Meeting Date: 06/23/2004
Issuer: 45840Q	City:					Holdings Reconciliation Date: 04/29/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 06/23/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932175347 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01		For	ELECTION OF DIRECTORS
	For		RICHARD N. BARTON
	Withheld		ROBERT R. BENNETT
	Withheld		EDGAR BRONFMAN, JR.
	Withheld		BARRY DILLER
	Withheld		VICTOR A. KAUFMAN
	For		DONALD R. KEOUGH*
	For		MARIE-JOSEE KRAVIS
	For		JOHN C. MALONE
	For		STEVEN RATTNER
	For		GEN. H.N. SCHWARZKOPF*
	For		ALAN G. SPOON*
	Withheld		DIANE VON FURSTENBERG
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	68,900	68,900	05/17/2004	06/21/2004	06/21/2004

BEST BUY CO., INC.				Ticker: BBY		Annual Meeting Date: 06/24/2004
Issuer: 086516	City:					Holdings Reconciliation Date: 04/26/2004
ISIN:	Country: UNITED STATES					Vote Deadline Date: 06/24/2004
Currency Code:	Par Value:
SEDOL:
Vote Group: GLOBAL
Agenda: 932175741 - MANAGEMENT
Proposal Number	Vote Cast	RV	Proposal
01	For	For	ELECTION OF DIRECTORS
02	For	For	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03	For	For	ADOPT OMNIBUS STOCK OPTION PLAN
Custodian	Internal	Stock	Voted	Ballot	Received	Last	Date
Account	Account	Class	Shares	Shares	Date	Vote Date	Confirmed
238872	224	101	22,250	22,250	05/17/2004	06/22/2004	06/22/2004

SIGNATURES

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

Registrant: McMorgan Funds
By:	/s/ Mark R. Taylor
Name:	Mark R. Taylor
Title:	President & Principal Executive Officer

Date: August XX, 2004

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