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

                                    FORM N-PX

               ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
                          MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number   811-7169
                                   ---------------------------------------------


                   Morgan Stanley International SmallCap Fund
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               (Exact name of registrant as specified in charter)


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


                               Amy Doberman, Esq.
                                Managing Director
                     Morgan Stanley Investment Advisors Inc.
                           1221 Avenue of the Americas
                            New York, New York 10020
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                     (Name and address of agent for service)


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

Date of fiscal year end:  5/31
                         --------------------

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


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

ICA File Number: 811-07169
Reporting Period: 07/01/2005 - 06/30/2006
Morgan Stanley International SmallCap Fund









================== MORGAN STANLEY INTERNATIONAL SMALLCAP FUND ==================


APLUS CO. LTD

Ticker:       8589           Security ID:  JP3122550001
Meeting Date: DEC 22, 2005   Meeting Type: Annual
Record Date:  SEP 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with No     For       For        Management
      Dividends on Ordinary Shares
2     Amend Articles to: Expand Business Lines  For       For        Management


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APLUS CO. LTD

Ticker:       8589           Security ID:  JP3122550001
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income,with No      For       For        Management
      Dividends on Ordinary Shares
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


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APLUS CO. LTD

Ticker:       8589           Security ID:  JP3122550001
Meeting Date: SEP 28, 2005   Meeting Type: Special
Record Date:  AUG 15, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to Split 2005-06 Fiscal    For       For        Management
      Year Into Two


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ARIAKE JAPAN CO. LTD.

Ticker:       2815           Security ID:  JP3125800007
Meeting Date: JUN 16, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 15, Special JY 0
2     Amend Articles to: Limit Legal Liability  For       Against    Management
      of Outside Statutory Auditors and Audit
      Firm - Authorize Public Announcements in
      Electronic Format - Limit Rights of
      Odd-Lot Holders - Update Terminology to
      Match that of New Corporate Law
3     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


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ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LTD.

Ticker:       AISLF          Security ID:  BMG0534R1088
Meeting Date: MAY 19, 2006   Meeting Type: Annual
Record Date:  MAY 11, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of HK$0.27 Per     For       For        Management
      Share
3a    Reelect Edward CHEN as Director           For       For        Management
3b    Reelect Cynthia DICKINS as Director       For       For        Management
3c    Reelect Peter JACKSON as Director         For       For        Management
3d    Reelect William WADE as Director          For       For        Management
4     Reappoint PricewaterhouseCoopers as       For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5     Approve Issuance of Equity or             For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
6     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
7     Authorize Reissuance of Repurchased       For       For        Management
      Shares


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ASIA SECURITIES PRINTING

Ticker:       7893           Security ID:  JP3119000002
Meeting Date: JUN 23, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 14,
      Final JY 20, Special JY 0
2     Amend Articles to: Change Company Name to For       For        Management
      PRONEXUS INC. - Authorize Public
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Update
      Terminology to Match that of New
      Corporate Law
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditors


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AWD HOLDING AG

Ticker:                      Security ID:  DE0005085906
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:  MAY 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2005
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.00 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors for Fiscal 2006
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


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BANCA ITALEASE S.P.A.

Ticker:                      Security ID:  IT0000226503
Meeting Date: APR 12, 2006   Meeting Type: Annual
Record Date:  APR 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       Did Not    Management
      Accounts, and Statutory Reports Relative            Vote
      to the Fiscal Year Ended on Dec. 31, 2005
2     Fix Number of Directors on the Board;     For       Did Not    Management
      Elect Directors                                     Vote


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BILLERUD

Ticker:                      Security ID:  SE0000862997
Meeting Date: MAY 3, 2006    Meeting Type: Annual
Record Date:  APR 26, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Approve Agenda of Meeting                 For       For        Management
7     Receive Financial Statements and          None      None       Management
      Statutory Reports
8     Receive President's Report                None      None       Management
9a    Approve Financial Statements and          For       For        Management
      Statutory Reports
9b    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 3.25 per Share; Set May
      8 as Record Date for Dividends
9c    Approve Discharge of Board and President  For       For        Management
10    Receive Nominating Committee's Report     None      None       Management
11    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
12    Reelect Ingvar Petersson (Chairman),      For       For        Management
      Gunilla Joenson, Michael Kaufmann (Vice
      Chairman), Per Lundberg, Yngve Stade, and
      Meg Tiveus as Directors; Elect Ewald
      Nageler as New Director
13    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 400,000 for Chairman, SEK
      300,000 for Vice Chairman, SEK 200,000
      for Other non-executive Board Members,
      and an Aggregate Amount of SEK 200,000
      for Committee Work; Approve Remuneration
      of Auditors
14    Authorize Chairman of Board and           For       For        Management
      Representatives of Company's Largest
      Shareholders to Serve on Nominating
      Committee
15    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
16    Amend Articles Re: Various Changes to     For       For        Management
      Comply with the New Swedish Companies Act
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
18    Authorization to Raise Customary Credit   For       Against    Management
      Facilities Where Payable Interest or the
      Amounts with Which the Loan Shall be
      Repaid Are Conditional Upon the Company's
      Results or Financial Position
19    Close Meeting                             None      None       Management


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BUCHER INDUSTRIES AG (FORMERLY BUCHER HOLDINGS AG)

Ticker:                      Security ID:  CH0002432174
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 2.10 per Share
4a    Reelect Rudolf Hauser as Director         For       For        Management
4b    Reelect Claude Cornaz as Director         For       For        Management
5a    Elect Heinrich Spoerry as Director        For       For        Management
5b    Elect Kurt Siegenthaler as Director       For       For        Management
6     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors


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BUZZI UNICEM SPA (FORMERLY UNICEM)

Ticker:                      Security ID:  IT0001347308
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:  MAY 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements at Dec. 31,   For       Abstain    Management
      2006 and Statutory Reports
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


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C&C GROUP PLC

Ticker:                      Security ID:  IE00B010DT83
Meeting Date: JUL 8, 2005    Meeting Type: Annual
Record Date:  JUL 6, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of EUR 0.075 per   For       For        Management
      Ordinary Share
3     Re-elect Liam Fitzgerald as Director      For       For        Management
4     Re-elect John Hogan as Director           For       For        Management
5     Re-elect Philip Lynch as Director         For       For        Management
6     Re-elect James Muldowney as Director      For       For        Management
7     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to EUR 1,070,000
9     Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to EUR 160,565.20
10    Authorise the Payment of Scrip Dividends  For       For        Management
11    Authorize Share Repurchase Program of up  For       For        Management
      to 10 Percent of the Nominal Value of the
      Issued Share Capital
12    Authorize Reissuance of Repurchased       For       For        Management
      Shares


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CARLSBERG

Ticker:                      Security ID:  DK0010181759
Meeting Date: MAR 15, 2006   Meeting Type: Annual
Record Date:  MAR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report on Company Activites       None      Did Not    Management
      During Past Year                                    Vote
2     Approve Financial Statements and          For       Did Not    Management
      Statutory Reports; Approve Discharge of             Vote
      Supervisory Board and Executive Board
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
4     Authorize Repurchase of up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
5     Reelect Soeren Bjerre-Nielsen, Niels      For       Did Not    Management
      Kaergaard, and Per Oehrgaard as Members             Vote
      of Supervisory Board
6     Reappoint KPMG C. Jespersen as Auditors   For       Did Not    Management
                                                          Vote


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CASSA DI RISPARMIO DI FIRENZE

Ticker:                      Security ID:  IT0001000725
Meeting Date: APR 27, 2006   Meeting Type: Annual/Special
Record Date:  APR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports at Dec. 31, 2005
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors; Determine Directors'
      Term and Remuneration
4     Elect External Auditors                   For       For        Management
1     Authorize Capitalization of Reserves of   For       For        Management
      EUR 125,101,478.67 Million for an
      Increase in Par Value from EUR 0.57 to
      EUR 0.60; Modify Article 5 of the
      Company's Bylaws Accordingly
2     Approve Capital Increase in the Maximum   For       For        Management
      Amount of EUR 66 Million With Preemptive
      Rights; Amend Art. 5 of Bylaws
      Accordingly
3     Approve 10:6 Share Consolidation and      For       For        Management
      Increase in Par Value from EUR 0.60 to
      EUR 1.00; Consequent Amendment of Article
      5 of the Company's Bylaws
4     Authorize Board to Increase Capital, in   For       For        Management
      Relation with Items 1-3 of Special
      Business, in order to Implement Share
      Incentive Scheme


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CASSA DI RISPARMIO DI FIRENZE

Ticker:                      Security ID:  IT0001000725
Meeting Date: DEC 21, 2005   Meeting Type: Special
Record Date:  DEC 19, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Identify Ente Cassa di None      Against    Shareholder
      Risparmio di Firenze as Relevant Subject;
      Establish Voting Limitation for Banking
      Foundations; Establish Procedure for
      Election by Voting Lists and Change
      Number of Board and Executive Committee
      Board Members


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CATLIN GROUP LTD

Ticker:                      Security ID:  BMG196F11004
Meeting Date: JUN 6, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
2     Approve Remuneration Report               For       For        Management
3     Ratify PricewaterhouseCoopers LLP as      For       For        Management
      Auditors
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
5     Declare Final Dividend                    For       For        Management
6     Elect Michael Harper as Director          For       For        Management
7     Elect Jean Claude Damerval as Director    For       For        Management
8     Elect Graham Hearne as Director           For       For        Management
9     Elect Michael Crall as Director           For       For        Management
10    Elect Richard Haverland as Director       For       For        Management
11    Elect Michael Hepher as Director          For       For        Management
12    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
13    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
14    Authorize Share Repurchase Program        For       For        Management


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CATTLES PLC (FORMERLY CATTLE

Ticker:                      Security ID:  GB0001803666
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 10.65 Pence Per For       For        Management
      Share
3a    Elect Alan McWalter as Director           For       For        Management
3b    Elect Margaret Young as Director          For       For        Management
3c    Re-elect Norman Broadhurst as Director    For       For        Management
3d    Re-elect Mark Collins as Director         For       For        Management
4     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
5     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
6     Approve Remuneration Report               For       For        Management
7     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 10,964,170
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,644,625
9     Authorise 32,892,511 Ordinary Shares for  For       For        Management
      Market Purchase
10    Approve Increase In Borrowing Powers from For       For        Management
      Five to Six Times Adjusted Capital and
      Reserves


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CELESIO AG (FORMERLY GEHE AG)

Ticker:                      Security ID:  DE0005858005
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  APR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and an       For       For        Management
      Ordinary Dividends of EUR 1.35 and a
      Special Dividends of EUR 0.05 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005
5     Elect Eckhard Cordes to the Supervisory   For       For        Management
      Board
6     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors for Fiscal 2006
7.a   Approve 2:1 Stock Split                   For       For        Management
7.b   Convert Form of Securities                For       For        Management
7.c   Amend Articles to Reflect Changes in      For       For        Management
      Capital
8     Amend Articles Re: Conducting of          For       For        Management
      Shareholder Meetings due to New German
      Legislation (Law on Company Integrity and
      Modernization of the Right of Avoidance)
9     Approve Affiliation Agreements with       For       For        Management
      Subsidiary Admenta Deutschland GmbH
10    Authorize Management Board Not to         For       Against    Shareholder
      Disclose Individualized Remuneration of
      its Members


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

CELESIO AG (FORMERLY GEHE AG)

Ticker:                      Security ID:  DE0005858005
Meeting Date: NOV 2, 2005    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Designate Electronic   For       For        Management
      Publications for Meeting Announcements
      and Invitation to Shareholder Meetings


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CENTURY LEASING SYSTEM INC.

Ticker:       8439           Security ID:  JP3424950008
Meeting Date: JUN 23, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 8.5,
      Final JY 11.5, Special JY 0
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Appointment of Alternate
      Statutory Auditors - Limit Rights of
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Directors and Statutory
      Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       For        Management


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DANISCO A/S

Ticker:                      Security ID:  DK0010207497
Meeting Date: AUG 25, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Board                   None      None       Management
2     Approve Financial Statements and          For       For        Management
      Discharge Directors
3     Approve Allocation of Income and          For       For        Management
      Dividends of DKK 6.75 Per Share
4     Reelect Anders Knutsen, Matti Vuoria,     For       For        Management
      Peter Hoejland, and Jon Krabbe as
      Directors
5     Reappoint Deloitte and Ernst & Young as   For       For        Management
      Auditors
6.1   Approve DKK 15.7 Million Reduction in     For       For        Management
      Share Capital via Share Cancellation
6.2   Amend Articles Re: Allow Company to Carry For       For        Management
      on Operations Under the Following
      Secondary Names: Danisco Cultures A/S
      (Danisco A/S) and Danisco Genencor A/S
      (Danisco A/S)
6.3   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6.4   Authorize Board or Chairman of Meeting to For       For        Management
      Make Editorial Changes to Adopted
      Resolutions (Items 6.1 through 6.3) in
      Connection with Registration
6.5   Shareholder Proposal: Terminate Bearer    Against   Against    Shareholder
      Shares and Allow Existence of Only
      Registered Shares
6.6   Shareholder Proposal: Discontinue Trading Against   Against    Shareholder
      in Danisco Shares via Stock Exchanges and
      Establish Direct Trading via  Company's
      Register of Shareholders
7     Other Business (Non-Voting)               None      None       Management


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

DAVIDE CAMPARI-MILANO-S.P.A. INC.

Ticker:                      Security ID:  IT0003849244
Meeting Date: APR 24, 2006   Meeting Type: Annual/Special
Record Date:  APR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports at Dec. 31, 2005
2     Ratify Election of One Director           For       For        Management
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
1     Authorize Board of Directors: to Increase For       Against    Management
      Capital in Accordance with Art. 2443 and
      2441(4,5) of the Italian Civil Code; to
      Issue Convertible Bonds/Debentures (Art.
      2420-ter); to Issue Other Financial
      Instruments (Art. 2346); Modify Bylaws
      Accordingly


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

DE LA RUE PLC

Ticker:                      Security ID:  GB0009380592
Meeting Date: JUL 28, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sub-Division of Ordinary Shares   For       For        Management
      Into Intermediate Ordinary Shares of 2
      7/9 Pence Each; Approve Consolidation of
      Intermediate Ordinary Shares Into New
      Ordinary Shares of 27 7/9 Pence Each
2     Conditional Upon Passing of Resolution 1, For       For        Management
      Authorise 24,914,683 New Ordinary Shares
      for Market Purchase


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DE LA RUE PLC

Ticker:                      Security ID:  GB0009380592
Meeting Date: JUL 28, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 10.6 Pence Per  For       For        Management
      Share
4     Elect Sir Jeremy Greenstock as Director   For       For        Management
5     Re-elect Nicholas Brookes as Director     For       For        Management
6     Re-elect Stephen King as Director         For       For        Management
7     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 15,351,671
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,302,750
11    Approve De La Rue Deferred Bonus and      For       For        Management
      Matching Share Plan


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

DEVRO PLC

Ticker:                      Security ID:  GB0002670437
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 3.025 Pence Per For       For        Management
      Ordinary Share
3     Re-elect Trevor Morgan as Director        For       Against    Management
4     Re-elect John Neilson as Director         For       Against    Management
5     Elect Stuart Paterson as Director         For       For        Management
6     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
7     Approve Remuneration Report               For       For        Management
8     Authorise 16,000,000 Ordinary Shares for  For       For        Management
      Market Purchase


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

DX SERVICES PLC

Ticker:                      Security ID:  GB00B02RYQ29
Meeting Date: NOV 11, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 8.5 Pence Per   For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Elect John Maxwell as Director            For       For        Management
5     Re-elect Michael-John Saunders as         For       For        Management
      Director
6     Elect Paul Smith as Director              For       For        Management
7     Elect David Williams as Director          For       For        Management
8     Reappoint Deloitte & Touche LLP as        For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,485,101
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 216,986
12    Authorise 8,679,455 Ordinary Shares for   For       For        Management
      Market Purchase


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

EDIPRESSE S.A.

Ticker:                      Security ID:  CH0003322598
Meeting Date: JUN 2, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 5.50 per Bearer Share
      and CHF 1.10 per Registered Share
4     Reelect Pierre Lamuniere, Jean-Francois   For       For        Management
      Lamuniere, Andre Kudelski, Paul
      Reutlinger, and Claude Smadja as
      Directors
5     Ratify PricewaterhouseCoopers SA as       For       For        Management
      Auditors


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

ELTEK ASA

Ticker:                      Security ID:  NO0003109407
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Registration of             None      None       Management
      Shareholders
2     Elect Chairman of Meeting; Designate      For       For        Management
      Inspector or Shareholder
      Representative(s) of Minutes of Meeting
3     Approve Notice of Meeting and Agenda      For       For        Management
4     Receive Information about Company's State None      None       Management
      of Affairs
5     Approve Financial Statements and          For       For        Management
      Allocation of Income
6.1   Receive Presentation of Current Powers of None      None       Management
      Attorney
6.2   Extend Stock Option Plan; Increase Pool   For       For        Management
      of Capital to Guarantee Conversion Rights
      to NOK 1 Million
6.3   Approve Stock Option Plan; Approve        For       Against    Management
      Creation of NOK 600,000 Pool of Capital
      to Guarantee Conversion Rights
6.4   Approve Creation of NOK 7 Million Pool of For       Against    Management
      Capital without Preemptive Rights
7     Approve Remuneration of Directors in the  For       For        Management
      Amount of NOK 480,000 for Chairman, NOK
      300,000 for Shareholder-Elected
      Directors, and NOK 50,000 for Employee
      Representatives; Approve Remuneration for
      Committee Work; Approve Remuneration of
      Auditors for 2005
8     Amend Articles Re: Reduce Directors' Term For       For        Management
      of Office from Two Years to One Year
9     Elect Directors                           For       Against    Management


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

ENIRO AB

Ticker:                      Security ID:  SE0000718017
Meeting Date: APR 5, 2006    Meeting Type: Annual
Record Date:  MAR 30, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting                 For       For        Management
3     Prepare and Approve List of Shareholders  For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
6     Acknowledge Proper Convening of Meeting   For       For        Management
7     Receive President's Report                None      None       Management
8     Receive Chairman's Report                 None      None       Management
9     Receive Financial Statements and          None      None       Management
      Statutory Reports
10A   Approve Financial Statements and          For       For        Management
      Statutory Reports
10B   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 2.20 per Share
10C   Approve Discharge of Board and President  For       For        Management
11    Determine Number of Members (8) and       For       For        Management
      Deputy Members (0) of Board
12    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 825,000 for Chairman and
      SEK 330,000 for Other Directors; Approve
      Remuneration of Committee Members of SEK
      50,000 and SEK 100,000 for Audit
      Committee Chairman; Approve Remuneration
      of Auditors
13    Reelect Lars Berg, Per Bysted, Barbara    For       For        Management
      Donoghue, Tomas Franzen, and Urban
      Jansson as Directors; Elect Gunilla
      Fransson, Luca Majocchi, and Tom Rygh as
      New Directors
14    Amend Articles Re: Various Changes to     For       For        Management
      Comply with New Swedish Companies Act
15    Approve Remuneration Policy And Other     For       Against    Management
      Terms of Employment For Executive
      Management
16    Amend Share Savings Plan to Include       For       Against    Management
      Performance Criteria for the Matching
      Part for Management
17    Approve Composition of Nominating         For       For        Management
      Committee
18    Other Business (Non-Voting)               None      None       Management
19    Close Meeting                             None      None       Management


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

FAIRFAX (JOHN) HOLDINGS LIMITED

Ticker:       FXJ            Security ID:  AU000000FXJ5
Meeting Date: NOV 18, 2005   Meeting Type: Annual
Record Date:  NOV 16, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2a    Elect Mark Burrows as Director            For       For        Management
2b    Elect David Evans as Director             For       For        Management
2c    Elect Stephen Mayne as Director           Against   Against    Shareholder
2d    Elect Peter Young as Director             For       For        Management
3a    Approve Remuneration Report               For       For        Management
4a    Approve Issue of Shares Under the Equity  For       For        Management
      Based Incentive Scheme to David Kirk,
      Managing Director of the Company


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

FISHER & PAYKEL APPLIANCES HOLDINGS LIMITED

Ticker:                      Security ID:  NZFPAE0001S2
Meeting Date: AUG 22, 2005   Meeting Type: Annual
Record Date:  AUG 20, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Lindsay Gillanders as Director      For       Against    Management
2     Elect Peter Lucas as Director             For       For        Management
3     Elect Julian Williams as Director         For       For        Management
4     Authorize The Board to the Fix Fees and   For       For        Management
      Expenses of  PricewaterhouseCoopers as
      the Company's Auditors


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

FISHER & PAYKEL HEALTHCARE CORP (FRMLY FISHER & PAYKEL )

Ticker:                      Security ID:  NZFAPE0001S2
Meeting Date: AUG 23, 2005   Meeting Type: Annual
Record Date:  AUG 21, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Gary Paykel as Director             For       For        Management
2     Elect Michael Smith as Director           For       For        Management
3     Authorize Board to Fix The Remuneration   For       For        Management
      of PricewaterhouseCoopers, the Company's
      Auditor
4     Approve Grant of Up to 200, 000 Options   For       Against    Management
      to the Managing Director and Chief
      Executive Officer Under the Fisher &
      Paykel Healthcare 2003 Share Option Plan
      as Set Out in the Notice of Annual
      Shareholders' Meeting


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

FKI PLC

Ticker:                      Security ID:  GB0003294591
Meeting Date: JUL 20, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve FKI plc Long-Term Incentive Plan; For       For        Management
      and Approve FKI 2005 Deferred Bonus Plan
4     Approve Final Dividend of 3 Pence Per     For       For        Management
      Ordinary Share
5     Elect Gordon Page as Director             For       For        Management
6     Re-elect Paul Heiden as Director          For       For        Management
7     Re-elect Chris Clark as Director          For       For        Management
8     Reappoint Ernst & Young LLP as Auditors   For       For        Management
      of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 16,300,000
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,900,000
12    Authorise 29,000,000 Ordinary Shares for  For       For        Management
      Market Purchase


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

FUYO GENERAL LEASE CO LTD

Ticker:       8424           Security ID:  JP3826270005
Meeting Date: JUN 27, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 18, Special JY 0
2     Amend Articles to: Limit Rights of        For       Against    Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Directors,
      Statutory Auditors, and Audit Firm
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


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

GALENICA AG (FOMERLY GALENICA HOLDING AG)

Ticker:                      Security ID:  CH0015536466
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 4.30 per Share
4     Renew Existing Pool of Capital            For       For        Management
5.1   Reelect Pierre Douaze and Stefano Pessina For       For        Management
      as Directors
5.2   Ratify Ernst & Young AG as Auditors       For       For        Management


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

GCAP MEDIA PLC (FRMLY. CAPITAL RADIO)

Ticker:                      Security ID:  GB0001742393
Meeting Date: OCT 20, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       Against    Management
3     Re-elect Peter Cawdron as Director        For       For        Management
4     Re-elect Tony Illsley as Director         For       For        Management
5     Re-elect Peter Mitchell as Director       For       For        Management
6     Elect Ralph Bernard as Director           For       For        Management
7     Elect Wendy Pallot as Director            For       For        Management
8     Elect Alastair Ross Goobey as Director    For       For        Management
9     Elect Patricia Hodgson as Director        For       For        Management
10    Elect Peter Michael as Director           For       For        Management
11    Elect Stella Pirie as Director            For       For        Management
12    Elect Peter Williams as Director          For       Abstain    Management
13    Reappoint KPMG Audit Plc as Auditors of   For       For        Management
      the Company
14    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
15    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 1,373,741
16    Approve GCap Media plc 2005 Long Term     For       For        Management
      Incentive Plan
17    Approve GCap Media plc 2005 Deferred      For       For        Management
      Annual Bonus Scheme
18    Approve GCap Media plc 2005 Interim       For       Against    Management
      Merger Scheme
19    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 206,061
20    Authorise 16,484,900 Ordinary Shares for  For       For        Management
      Market Purchase
21    Amend Articles of Association Re:         For       For        Management
      Retirement of Directors
22    Conditional Upon the Passing of Item 21,  For       For        Management
      Amend Articles of Association Re:
      Appointment and Re-appointment of
      Directors who Attain the Age of 70


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

GETRONICS NV

Ticker:                      Security ID:  NL0000355915
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  APR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board and    None      None       Management
      Discussion on Corporate Governance
3     Approve Financial Statements and          For       For        Management
      Statutory Reports
4a    Receive Explanation on Company's Reserves None      None       Management
      and Dividend Policy
4b    Approve Dividends of EUR 0.07 Per Share   For       For        Management
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Approve Remuneration Report Containing    For       For        Management
      Remuneration Policy for Management Board
      Members
8     Reelect B.C. Brix to Supervisory Board    For       For        Management
9     Reelect N.M. Wagenaar to Management Board For       For        Management
10    Grant Board Authority to Issue Common     For       Against    Management
      Shares Up To 30 Percent of Issued Capital
      and Restricting/Excluding Preemptive
      Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
12    Ratify PricewaterhouseCoopers as Auditors For       For        Management
13    Allow Questions                           None      None       Management
14    Close Meeting                             None      None       Management


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

GFK AG

Ticker:                      Security ID:  DE0005875306
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  JUN 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2005
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.33 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005
5     Ratify KPMG Deutsche Treuhandgesellschaft For       For        Management
      AG as Auditors for Fiscal 2006
6a    Elect Hajo Riesenbeck to the Supervisory  For       For        Management
      Board
6b    Elect Christoph Achenbach to the          For       For        Management
      Supervisory Board
6c    Elect Wolfgang Berndt to the Supervisory  For       For        Management
      Board
6d    Elect Stefan Pfander to the Supervisory   For       For        Management
      Board
6e    Elect Juergen Schreiber to the            For       For        Management
      Supervisory Board
7     Amend 2004 Stock Option Plan; Approve     For       For        Management
      Creation of EUR 3.4 Million Pool of
      Conditional Capital to Guarantee
      Conversion Rights (Conditional Capital
      II)
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
9     Approve Affiliation Agreement with        For       For        Management
      Subsidiary GPI Kommunikationsforschung
      Gesellschaft fuer
      Pharma-Informationssysteme mbH
10    Amend Articles Re: Calling of and         For       For        Management
      Registration for Shareholder Meetings due
      to New German Legislation (Law on Company
      Integrity and Modernization of the Right
      of Avoidance)
11    Amend Articles Re: Conducting of          For       For        Management
      Shareholder Meetings due to New German
      Legislation (Law on Company Integrity and
      Modernization of the Right of Avoidance)


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

GL TRADE

Ticker:                      Security ID:  FR0000072084
Meeting Date: MAY 30, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.4 per Share
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 29,206
5     Approve/Amend Employee Savings-Related    For       For        Management
      Share Purchase Plan
6     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

GLANBIA PLC (FRM.AVONMORE WATERFORD GROUP PLC )

Ticker:                      Security ID:  IE0000669501
Meeting Date: MAY 16, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Dividends                         For       For        Management
3a    Elect H. V. Corbally as a Director        For       Against    Management
3b    Elect E. P. Fitzpatrick as a Director     For       For        Management
3c    Elect J. A. Gilsenan as a Director        For       For        Management
3d    Elect L. Herlihy as a Director            For       Against    Management
3e    Elect J. V. Liston as a Director          For       For        Management
3f    Elect E. M. Power as a Director           For       Against    Management
3g    Elect K. E. Toland as a Director          For       Against    Management
3h    Elect M. J. Walsh as a Director           For       For        Management
4a    Elect P. Haran as a Director              For       For        Management
4b    Elect M. Keane as a Director              For       For        Management
4c    Elect M. Merrick as a Director            For       For        Management
5     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
8     Authorize Share Repurchase                For       For        Management
9     Authorize Reissuance of Repurchased       For       For        Management
      Shares
10    Amend Articles                            For       For        Management


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

HOGANAS AB

Ticker:                      Security ID:  SE0000232175
Meeting Date: APR 25, 2006   Meeting Type: Annual
Record Date:  APR 19, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman of Meeting   For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      None       Management
      Statutory Reports; Receive President's,
      Board, and Committee Reports
7.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
7.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 5.75 per Share
7.3   Approve Discharge of Board and President  For       For        Management
8     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2 Million;
      Approve Remuneration of Auditors
10    Reelect Alrik Danielson, Per Molin        For       Against    Management
      (Chairman), Bernt Magnusson, Jenny Urnes,
      Magnus Lindstam, and Agnete
      Raaschou-Nielsen as Directors; Elect
      Bengt Kjell, Oystein Krogen, and
      Hans-Olov Olsson as New Directors
11    Authorize Chairman of Board and           For       For        Management
      Representatives of Four of Company's
      Largest Shareholders to Serve on
      Nominating Committee
12    Amend Articles Re: Various Changes to     For       For        Management
      Comply with the New Swedish Companies
      Act; Remove Possibility to Appoint Deputy
      Directors; Editorial Changes
13    Close Meeting                             None      None       Management


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

HUGO BOSS AG

Ticker:                      Security ID:  DE0005245534
Meeting Date: MAY 4, 2006    Meeting Type: Special
Record Date:  APR 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


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

HURXLEY CORP

Ticker:       7561           Security ID:  JP3765100007
Meeting Date: JUN 27, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 15,
      Final JY 25, Special JY 0
2     Amend Articles to: Decrease Maximum Board For       Against    Management
      Size - Limit Directors' Legal Liability -
      Limit Rights of Odd-lot Holders - Limit
      Liability of Statutory Auditors - Limit
      Liability of Audit Firm
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5.1   Appoint Alternate Internal Statutory      For       For        Management
      Auditor
5.2   Appoint Alternate Internal Statutory      For       For        Management
      Auditor
6     Approve Retirement Bonuses for Directors  For       For        Management
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


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

INFOMEDIA

Ticker:                      Security ID:  AU000000IFM0
Meeting Date: OCT 27, 2005   Meeting Type: Annual
Record Date:  OCT 25, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          For       For        Management
      Statutory Reports
2     Approve Remuneration Report               For       For        Management
3     Elect Richard Graham as Director          For       For        Management
4     Elect Myer Herszberg as Director          For       For        Management
5     Elect Andrew Moffat as Director           For       For        Management
6     Approve Issuance of One Million           For       Against    Management
      Conditional Options Over Ordinary Shares
      to Gary Martin, CEO of the Company


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

INTERPUMP GROUP SPA

Ticker:                      Security ID:  IT0001078911
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:  APR 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       For        Management
      Financial Statements, and Statutory
      Reports relative to the Fiscal year 2005
2     Approve Remuneration of Directors for the For       For        Management
      Fiscal Year 2006
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
4     Approve Stock Option Plan 2006/2009 for   For       For        Management
      Employees and Directors


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

INTERPUMP GROUP SPA

Ticker:                      Security ID:  IT0001078911
Meeting Date: NOV 28, 2005   Meeting Type: Special
Record Date:  NOV 24, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividend Distribution             For       For        Management
2     Increase Board Size; Elect Directors      For       For        Management


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

IPSEN

Ticker:                      Security ID:  FR0010259150
Meeting Date: JUN 2, 2006    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.6 per Share
5     Ratify Appointment of Gerard Hauser as    For       For        Management
      Director
6     Approve Retirement Package of Chairman &  For       Against    Management
      CEO
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Amend Articles of Association: Class of   For       Against    Management
      Shares, Shareholding Disclosure
      Thresholds and Remove Board
      Representation Powers from Chairman.
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Approve Stock Option Plans Grants         For       Against    Management
11    Approve Employee Savings-Related Share    For       For        Management
      Purchase Plan
12    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

ITO EN LTD.

Ticker:       2593           Security ID:  JP3143000002
Meeting Date: JUL 28, 2005   Meeting Type: Annual
Record Date:  APR 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 45, Special JY 0
2     Amend Articles to: Abolish Retirement     For       For        Management
      Bonus System
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Deep Discount Stock Option Plan   For       Against    Management


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

IWKA AG

Ticker:                      Security ID:  DE0006204407
Meeting Date: JUN 1, 2006    Meeting Type: Annual
Record Date:  MAY 10, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2005
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005
4     Approve Creation of EUR 34.5 Million Pool For       For        Management
      of Capital with Partial Exclusion of
      Preemptive Rights
5     Elect Gerd Hirzinger to the Supervisory   For       For        Management
      Board
6     Amend Articles Re: Compensation of        For       For        Management
      Supervisory Board Members
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
8     Ratify Ernst & Young AG as Auditors for   For       For        Management
      Fiscal 2006


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

JAPAN SECURITIES FINANCE CO. LTD.

Ticker:       8511           Security ID:  JP3714400003
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Final JY 14, Special JY 0
2     Amend Articles to: Decrease Maximum Board For       Against    Management
      Size - Authorize Public Announcements in
      Electronic Format - Limit Rights of
      Odd-lot Holders - Introduce Executive
      Officer System
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Special Payments to Continuing
      Directors and Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


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

K+S AG

Ticker:                      Security ID:  DE0007162000
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  APR 19, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.80 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005
5     Ratify Deloitte & Touche GmbH as Auditors For       For        Management
      for Fiscal 2006
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
7     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 1.5
      Billion with Preemptive Rights; Approve
      Creation of EUR 54.4 Million Pool of
      Capital to Guarantee Conversion Rights
8     Approve Creation of EUR 54.4 Million Pool For       For        Management
      of Capital with Particular Exclusion of
      Preemptive Rights
9     Amend Articles Re: Calling of,            For       For        Management
      Registration for, and Conducting of
      Shareholder Meetings due to New German
      Legislation (Law on Company Integrity and
      Modernization of the Right of Avoidance)


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

KABA HOLDING AG

Ticker:                      Security ID:  CH0011795959
Meeting Date: OCT 25, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Allocation of Income and          For       Against    Management
      Dividends of CHF 4.80 per Share, Subject
      to Approval of Item 8
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1   Reelect Gerhard Zeidler as Director       For       For        Management
4.2   Reelect Ulrich Graf as Director           For       For        Management
4.3   Reelect Klaus Schmidt as Director         For       For        Management
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors
6     Approve Stock Option Plan for Key         For       Against    Management
      Employees; Approve Creation of CHF 1.124
      Pool of Conditional Capital to Guarantee
      Conversion Rights
7     Approve Creation of CHF 3.5 Million Pool  For       For        Management
      of Conditional Capital with Preemptive
      Rights
8     Approve CHF 17.16 Million Reduction in    For       Against    Management
      Share Capital via Reduction in Par Value
      and Repayment of CHF 4.80 to Shareholders
9     Amend Articles to Reduce Threshold for    For       For        Management
      Submitting Shareholder Proposals from CHF
      1 Million to 0.5 Percent of Issued
      Capital


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

KERRY GROUP PLC

Ticker:                      Security ID:  IE0004906560
Meeting Date: MAY 19, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a1   Re-Elect Director Denis Buckley           For       For        Management
3a2   Re-Elect Director Eugene McSweeney        For       Against    Management
3b1   Re-Elect Director Denis Cregan            For       Against    Management
3b2   Re-Elect Director Michael Dowling         For       For        Management
3b3   Re-Elect Director Hugh Friel              For       For        Management
3b4   Re-Elect Director Kevin Kelly             For       For        Management
3b5   Re-Elect Director Denis Wallis            For       Against    Management
3c1   Re-Elect Director Noel Greene             For       Against    Management
3c2   Re-Elect Director Roger Robbins           For       Against    Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
5     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
7     Authorize Share Repurchase up to 5        For       For        Management
      Percent of Issued Share Capital
8     Approve Kerry Group plc 2006 Long Term    For       For        Management
      Incentive Plan


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

LUMINAR PLC

Ticker:                      Security ID:  GB0005382444
Meeting Date: JUL 19, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 9.76 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Stephen Thomas as Director       For       For        Management
5     Re-elect Brendan McLoughlin as Director   For       For        Management
6     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,036,960
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 914,691
10    Authorise 7,317,528 Ordinary Shares for   For       For        Management
      Market Purchase


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

MABUCHI MOTOR CO. LTD.

Ticker:       6592           Security ID:  JP3870000001
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:  DEC 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 42,
      Final JY 30, Special JY 20


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

MACINTOSH RETAIL GROUP NV (FORMERLY MACINTOSH NV)

Ticker:                      Security ID:  NL0000367985
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2a    Receive Report of Management Board        None      None       Management
2b    Receive Report of Supervisory Board       None      None       Management
3a    Approve Financial Statements and          For       For        Management
      Statutory Reports
3b    Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.80 per  Share
3c    Approve Discharge of Management Board     For       For        Management
3d    Approve Discharge of Supervisory Board    For       For        Management
4a    Announce Vacancies on Supervisory Board   None      None       Management
4b    Discussion of Supervisory Board Profile   None      None       Management
4c    Opportunity for Shareholder to Make       None      None       Management
      Supervisory Board Nominations
4d    Notification of Supervisory Board's       None      None       Management
      Nomination
4e    Reelect Nuhn to Supervisory Board         For       For        Management
5a    Grant Board Authority to Issue Shares Up  For       For        Management
      To 10 Percent of Issued Capital
5b    Eliminate Preemptive Rights               For       For        Management
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share  Capital
7     Approve Share Split                       For       For        Management
8     Approve Remuneration of Supervisory Board For       For        Management
9     Announcements, Allow Questions and Close  None      None       Management
      Meeting


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

MACINTOSH RETAIL GROUP NV (FORMERLY MACINTOSH NV)

Ticker:                      Security ID:  NL0000367985
Meeting Date: MAR 14, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Acquisition of Scapino B.V.       For       For        Management
3     Close Meeting                             None      None       Management


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

MEGANE TOP CO.

Ticker:       7541           Security ID:  JP3920870007
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 6,
      Final JY 6, Special JY 0
2     Amend Articles to: Authorize Public       For       For        Management
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Update
      Terminology to Match that of New
      Corporate Law
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


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

MICRONIC LASER SYSTEMS AB

Ticker:                      Security ID:  SE0000375115
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:  MAR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Christer Zetterberg as Chairman of  For       Did Not    Management
      Meeting                                             Vote
2     Prepare and Approve List of Shareholders  For       Did Not    Management
                                                          Vote
3     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
4     Designate Inspector or Shareholder        For       Did Not    Management
      Representative(s) of Minutes of Meeting             Vote
5     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
6     Receive President's Report                None      Did Not    Management
                                                          Vote
7     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
8     Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
9     Approve Treatment of Losses               For       Did Not    Management
                                                          Vote
10    Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
11    Reelect Joergen Centerman, Sven           For       Did Not    Management
      Loefquist, Goeran Malm, Lars Nyberg, Lena           Vote
      Thorell, Christer Zetterberg, and Lars
      Oejefors as Directors
12    Ratify KPMG Bohlins AB as Auditors        For       Did Not    Management
                                                          Vote
13    Approve Remuneration of Directors in the  For       Did Not    Management
      Aggregate Amount of SEK 1.5 Million;                Vote
      Approve Remuneration of Auditors
14    Amend Articles Re: Various Changes to     For       Did Not    Management
      Comply with New Swedish Companies Act               Vote
15    Approve Remuneration Policy and Other     For       Did Not    Management
      Terms of Employment for Executive                   Vote
      Management


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

MILBON CO., LTD.

Ticker:       4919           Security ID:  JP3910650005
Meeting Date: MAR 17, 2006   Meeting Type: Annual
Record Date:  DEC 20, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 25,
      Final JY 25, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management
2.8   Elect Director                            For       For        Management
2.9   Elect Director                            For       For        Management


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

MIQUEL Y COSTAS & MIQUEL, SA

Ticker:                      Security ID:  ES0164180012
Meeting Date: JUN 26, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Individual and Consolidated       For       For        Management
      Financial Statements and Allocation of
      Income for Fiscal Year Ended 12-31-05
2     Approve Discharge of Directors            For       For        Management
3     Approve Reduction of Share Premium        For       For        Management
      Account by Way of Cash  Distribution to
      Shareholders in the Amount of EUR 0.12
      per Share
4     Amend Articles 12 and 15, and General     For       For        Management
      Meeting Guidelines 6 and 7 Re:  Increase
      Notice Period for Meetings and Establish
      Rights of Shareholders to Receive Meeting
      Notices
5     Amend Articles Re: Establish Board        For       For        Management
      Secretary and Board Vice President as
      Non-Board Positions
6     Approve Auditors                          For       For        Management
7     Authorize Repurchase of Shares            For       For        Management
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Approve and Sign Minutes of Meeting       For       For        Management


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

MYOB LIMITED

Ticker:                      Security ID:  AU000000MYO9
Meeting Date: APR 28, 2006   Meeting Type: Annual
Record Date:  APR 26, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive the Company's Financial Report,   None      None       Management
      Directors' Report, and Auditor's Report
      for the Year Ended Dec. 31, 2005
2.1   Elect Christopher Williams as Director    For       For        Management
2.2   Elect Simon McKeon as Director            For       For        Management
3     Adopt the Remuneration Report for the     For       For        Management
      Year Ended Dec. 31, 2005
4     Approve Issuance of 169,307 Shares at an  For       For        Management
      Issue Price of AUD 1.01 to Simon McKeon
      Under the MYOB Deferred Share Plan


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

NAKANISHI INC.

Ticker:       7716           Security ID:  JP3642500007
Meeting Date: MAR 28, 2006   Meeting Type: Annual
Record Date:  DEC 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 0,
      Final JY 50, Special JY 0
2     Amend Articles to: Authorize Appointment  For       For        Management
      of Alternate Statutory Auditors -
      Decrease Maximum Board Size
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
5     Approve Retirement Bonuses for Directors  For       For        Management


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

NEOPOST

Ticker:                      Security ID:  FR0000120560
Meeting Date: JUL 6, 2005    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3.5 per Share
3     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 220,000
6     Reelect Raymond Svider as Director        For       For        Management
7     Reelect Cornelius Geber as Director       For       For        Management
8     Ratify Cooptation of Bernard Bourigeaud   For       For        Management
      as Director
9     Elect Michel Rose as Director             For       For        Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 7.5 Million
12    Authorize Board to Increase Capital With  For       For        Management
      Preemptive Rights in the Event that
      Demand Exceeds Amounts Proposed in Item
      11
13    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities Without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 7.5 Million
14    Authorize Board to Increase Capital       For       For        Management
      Without Preemptive Rights in the Event
      that Demand Exceeds Amounts Proposed in
      Item 13
15    Authorize Board to Set Issue Price for    For       Against    Management
      Capital Increase of Up to 10 Percent
      Without Preemptive Rights
16    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 30 Million for Bonus Issue or
      Increase in Par Value
17    Authorize Capital Increase of Up 10       For       For        Management
      Percent for Future Exchange Offers
18    Authorize Issuance of Shares or           For       For        Management
      Equity-Linked Securities for Future
      Exchange Offers
19    Approve Capital Increase Reserved for     For       For        Management
      Employees Participating in
      Savings-Related Share Purchase Plan
20    Authorize Issuance of Up to 900,000       For       For        Management
      Shares for Use in Restricted Stock Plan
21    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
22    Authorize Issuance of Bonds/Debentures in For       For        Management
      the Aggregate Value of EUR 250 Million
23    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

NEXANS

Ticker:                      Security ID:  FR0000044448
Meeting Date: MAY 15, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Directors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Appoint PricewaterhouseCoopers as Auditor For       For        Management
      and Etienne Boris as Alternate Auditor
6     Elect Gerard Hauser as Director           For       For        Management
7     Elect Francois Polge de Combret as        For       For        Management
      Director
8     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 400,000
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 10 Million
12    Authorize Issuance of Convertible Bonds   For       For        Management
      without Preemptive Rights
13    Authorize Board to Increase Capital in    For       For        Management
      the Event of Additional Demand Related to
      Delegations Submitted to Shareholder Vote
      Above
14    Authorize Capital Increase of up to 10    For       For        Management
      Percent of Issued Capital for Future
      Acquisitions
15    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 10 Million for Bonus Issue or
      Increase in Par Value
16    Approve Employee Savings-Related Share    For       For        Management
      Purchase Plan
17    Approve Stock Option Plans Grants         For       For        Management
18    Authorize up to 1.7 Percent of Issued     For       Against    Management
      Capital for Use in Restricted Stock Plan
19    Amend Articles of Association Re: Attend  For       For        Management
      Board of Directors'Meetings by Way of
      Videoconference and of Telecommunication
20    Authorize Filling of Required             For       For        Management
      Documents/Other Formalities


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

NIHON TRIM

Ticker:       6788           Security ID:  JP3739700007
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 50, Special JY 0
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Statutory
      Auditors
3     Approve Retirement Bonus for Director     For       For        Management


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

NIPPON RESTAURANT SYSTEM INC.

Ticker:       2775           Security ID:  JP3755900002
Meeting Date: AUG 29, 2005   Meeting Type: Annual
Record Date:  MAY 31, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Final JY 10, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
2.5   Elect Director                            For       For        Management
2.6   Elect Director                            For       For        Management
2.7   Elect Director                            For       For        Management


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

NISSHA PRINTING CO. LTD.

Ticker:       7915           Security ID:  JP3713200008
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 12,
      Final JY 22, Special JY 0
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Statutory
      Auditors
3     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
4     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


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

NISSHIN FIRE & MARINE INS. CO. LTD.

Ticker:       8757           Security ID:  JP3674800002
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following  Dividends: Interim JY 0,
      Final JY 8, Special JY 0
2     Approve Share Exchange Agreement with     For       Against    Management
      Millea Holdings Inc.
3     Amend Articles to: Authorize Board to     For       Against    Management
      Determine Income Allocation - Decrease
      Maximum Board Size - Update Terminology
      to Match that of New Corporate Law -
      Limit Rights of Odd-lot Holders - Limit
      Liability of Non-executive Directors and
      Statutory Auditors
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       Against    Management
6     Approve Retirement Bonuses for Directors  For       For        Management


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

NORSKE SKOGINDUSTRIER ASA

Ticker:                      Security ID:  NO0004135633
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Approve Treatment of Net Loss and         For       For        Management
      Dividends of NOK 5.50 per Share
3     Approve Remuneration of Members of        For       For        Management
      Corporate Assembly in the Amount of NOK
      140,000 for Chairman and NOK 5,400 per
      Meeting for Other Members
4     Approve Remuneration of Auditors          For       For        Management
5     Elect Emil Aubert, Ole Bakke, Halvard     For       For        Management
      Saether, Christian Ramberg, Helge Evju,
      Tom Ruud, and Birgitta Naess as Members
      of Corporate Assembly; Elect Svein Haare,
      Hege Huse, Kjersti Narum, and Siv
      Christensen as Deputy Members of
      Corporate Assembly
6     Reelect Helge Evju and Gunn Waersted as   For       For        Management
      Members of Nominating Committee; Elect
      Ole Bakke as New Member of Nominating
      Committee
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


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

NRJ GROUP

Ticker:                      Security ID:  FR0000121691
Meeting Date: FEB 21, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Dismissal of Jean-Charles Mathey as       For       For        Management
      Management Board Member
2     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities
3     Amend Articles Re: Management Board       For       For        Management
4     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

NRJ GROUP

Ticker:                      Security ID:  FR0000121691
Meeting Date: JUN 22, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Standard Accounting Transfer from For       For        Management
      Special Long-Term Capital Gains Reserve
      Account to Other Reserves Account
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.37 per Share
5     Approve Special Auditors' Report          For       Against    Management
      Regarding Related-Party Transactions
6     Approve Chairman's and Auditor's Special  For       For        Management
      Reports on Internal Board Procedures
7     Approve Management Board's Special Report For       For        Management
      on Stock Option Grants
8     Approve Management Board's Special Report For       For        Management
      on Share Repurchase Program
9     Approve Discharge of Management Board     For       For        Management
      Except Jean-Charles Mathey, Supervisory
      Board, and Auditors
10    Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      50,000
11    Authorize Repurchase of Up to 0.5 Percent For       For        Management
      of Issued Share Capital
12    Acknowledge Change of Name of Auditor     For       For        Management
      from Deloitte Touche Tohmatsu to Deloitte
      & Associes
13    Reelect Jean-Paul Baudecroux as           For       Against    Management
      Supervisory Board Member
14    Reelect Micheline Guilbert as Supervisory For       Against    Management
      Board Member
15    Reelect Evelyne Le Brisze Chelon as       For       Against    Management
      Supervisory Board Member
16    Reelect Antoine Giscard d'Estaing as      For       Against    Management
      Supervisory Board Member
17    Elect Jerome Gallot as Supervisory Board  For       Against    Management
      Member
18    Authorize Filling of Required             For       For        Management
      Documents/Other Formalities


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUL 7, 2005    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re: Board Internal         For       Did Not    Management
      Regulation                                          Vote
2     Amend New Articles: Advisory Committees,  For       Did Not    Management
      Renumbering of the Articles of                      Vote
      Association
3     Amend Articles Re: Powers of The          For       Did Not    Management
      Management Committee                                Vote
4     Amend Articles Re: Change Date of the     For       Did Not    Management
      Annual Meeting                                      Vote
5     Amend Articles to Reflect Share           For       Did Not    Management
      Repurchase Authority                                Vote
6     Authorize Implementation of Approved      For       Did Not    Management
      Resolutions and Filing of Required                  Vote
      Documents/Formalities at Trade Registry


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUN 6, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Directors' and Auditors' Reports  None      Did Not    Management
                                                          Vote
2     Accept Financial Statements               For       Did Not    Management
                                                          Vote
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.32 per Share                     Vote
4     Receive Consolidated Financial Statements None      Did Not    Management
      and Statutory Reports (Non-Voting)                  Vote
5     Approve Discharge of Directors and        For       Did Not    Management
      Auditors                                            Vote
6     Elect Jean-Louis Duplat as Director       For       Did Not    Management
                                                          Vote
7     Discussion on Company's Corporate         None      Did Not    Management
      Governance Structure                                Vote
8     Transact Other Business                   None      Did Not    Management
                                                          Vote


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

ORDINA N.V. ( FORMERLY ORDINA BEHEER)

Ticker:                      Security ID:  NL0000440584
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Announcements            None      None       Management
2     Discussion of Minutes of Previous Meeting None      None       Management
3     Receive Report of Management Board        None      None       Management
4     Approve Financial Statements and          For       For        Management
      Statutory Reports
5     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.20 per  Share
6     Approve Discharge of Management Board     For       For        Management
7     Approve Discharge of Supervisory Board    For       For        Management
8     Elect J.M.L. van Engelen to Supervisory   For       For        Management
      Board
9     Approve Remuneration of Supervisory Board For       For        Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share  Capital
11a   Grant Board Authority to Issue Shares Up  For       For        Management
      To 20 Percent of Issued Capital
11b   Authorize Board to Exclude Preemptive     For       For        Management
      Rights from Issuance Under Item 11a
12    Allow Questions and Close Meeting         None      None       Management


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

PACIFIC BRANDS LTD

Ticker:       PBG            Security ID:  AU000000PBG6
Meeting Date: OCT 25, 2005   Meeting Type: Annual
Record Date:  OCT 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2a    Elect Stephen Tierney as Director         For       For        Management
2b    Elect Andrew Cummins as Director          For       For        Management
3     Approve Remuneration Report               For       For        Management
4     Approve Grant of 125,000 Performance      For       For        Management
      Rights Under the Company's Performance
      Rights Plan to Paul Moore, CEO of the
      Company
5     Approve Grant of 75,000 Performance       For       For        Management
      Rights Under the Company's Performance
      Rights Plan to Stephen Tierney, CFO of
      the Company


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

PATLITE CORPORATION

Ticker:       6825           Security ID:  JP3781500008
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 15, Special JY 0
2     Amend Articles to: Amend Business Lines - For       For        Management
      Authorize Public Announcements in
      Electronic Format - Limit Rights of
      Odd-Lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Statutory
      Auditors
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Appoint External Audit Firm               For       For        Management
6     Approve Special Bonus for Family of       For       For        Management
      Deceased Director and Retirement Bonus
      for Statutory Auditor
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors and
      Statutory Auditors


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

PLUSNET PLC

Ticker:                      Security ID:  GB00B01RM369
Meeting Date: APR 26, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Reappoint KPMG Audit Plc as Auditors and  For       For        Management
      Authorise the Board to Determine Their
      Remuneration
4     Re-elect Kevin Adams as Director          For       For        Management
5     Re-elect Neil Comer as Director           For       For        Management
6     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 19,784
7     Authorise Issue of Equity or              For       Against    Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 5,935
8     Authorise Shares Up to An Aggregate       For       For        Management
      Nominal Value of GBP 2,968 for Market
      Purchase
9     Amend Articles of Association Re:         For       For        Management
      Indemnification


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

RAMSAY HEALTH CARE LIMITED

Ticker:       RHC            Security ID:  AU000000RHC8
Meeting Date: NOV 22, 2005   Meeting Type: Annual
Record Date:  NOV 20, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Adopt Remuneration Report                 For       For        Management
3.1   Elect Roderick Hamilton McGeoch as        For       For        Management
      Director
3.2   Elect Kerry Chisolm Dart Roxburgh as      For       For        Management
      Director
4     Approve Remuneration of Directors in the  For       Against    Management
      Amount of AUD 900,000
5     Approve Ramsay Executive Performance      For       For        Management
      Rights Plan
6.1   Approve Issuance of 322,376 Performance   For       For        Management
      Rights to Ian Patrick Grier, Managing
      Director of the Company
6.2   Approve Issuance of 200,000 Performance   For       For        Management
      Rights to Bruce Roger Soden, Finance
      Director of the Company


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

RANDSTAD HOLDING NV

Ticker:                      Security ID:  NL0000379121
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAY 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
3a    Approve Financial Statements and          For       For        Management
      Statutory Reports
3b    Receive Explanation on Company's Reserves None      None       Management
      and Dividend Policy
3c    Approve Dividends of EUR 0.84 Per Share   For       For        Management
4a    Approve Discharge of Management Board     For       For        Management
4b    Approve Discharge of Supervisory Board    For       For        Management
5a    Elect Giovanna Monnas to Supervisory      For       For        Management
      Board
5b    Reelect L.M. van Wijk to Supervisory      For       For        Management
      Board
6     Approve Stock Option Grants and           For       For        Management
      Performance Shares for Management Board
      Members
7     Approve Remuneration of Supervisory Board For       For        Management
8     Ratify PricewaterhouseCoopers Accountants For       For        Management
      N.V. as Auditors
9     Other Business                            None      None       Management


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

RENGO CO. LTD.

Ticker:       3941           Security ID:  JP3981400009
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 4,
      Final JY 5, Special JY 0
2     Amend Articles to: Authorize Board to     For       Against    Management
      Determine Income Allocation - Limit
      Rights of Odd-lot Holders - Update
      Terminology to Match that of New
      Corporate Law - Limit Liability of
      Non-executive Directors and Statutory
      Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
3.15  Elect Director                            For       For        Management
3.16  Elect Director                            For       For        Management
3.17  Elect Director                            For       For        Management
3.18  Elect Director                            For       For        Management
3.19  Elect Director                            For       For        Management
3.20  Elect Director                            For       For        Management
3.21  Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
6     Approve Retirement Bonus for Director     For       For        Management


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

REVUS ENERGY ASA

Ticker:                      Security ID:  NO0010270309
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Registration of Attending Shareholders    For       For        Management
      and Proxies
2     Elect Chairman of Meeting; Designate      For       For        Management
      Inspector or Shareholder
      Representative(s) of Minutes of Meeting
3     Approve Notice of Meeting and Agenda      For       For        Management
4     Approve Financial Statements and          For       For        Management
      Statutory Reports
5     Approve Allocation of Income and Omission For       For        Management
      of Dividends
6     Approve Remuneration of Directors in the  For       For        Management
      Amount of NOK 600,000 for Chairman, NOK
      300,000 for Other Board Members, and NOK
      100,000 for Committee Work
7     Approve Remuneration of Auditors in the   For       For        Management
      Amount of NOK 755,000 for 2005
8     Ratify Ernst & Young AS as Auditor        For       For        Management
9     Reelect Andrew Armour as Chairman of the  For       For        Management
      Board
10    Authorize Repurchase of Up to NOK 125,000 For       For        Management
      of Issued Share Capital
11    Approve Creation of NOK 1.6 Million Pool  For       Against    Management
      of Capital to Guarantee Conversion Rights
      of Existing Share Based Incentive Plans
12    Establish Nominating Committee            For       For        Management


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

ROTORK PLC

Ticker:                      Security ID:  GB0007506958
Meeting Date: APR 21, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of 9.90 Pence Per  For       For        Management
      Ordinary Share
3     Re-elect John Matthews as Director        For       For        Management
4     Re-elect Bill Whiteley as Director        For       For        Management
5     Re-elect Roger Lockwood as Director       For       For        Management
6     Reappoint KPMG Audit plc as Auditors of   For       For        Management
      the Company
7     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
8     Approve Remuneration Report               For       For        Management
9     Approve Rotork Long Term Share Incentive  For       For        Management
      Plan and the Rotork Long Term Cash
      Incentive Plan
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to 22,796,415 Ordinary Shares
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to 4,309,675
      Ordinary Shares
12    Authorise 8,500,000 Ordinary Shares for   For       For        Management
      Market Purchase
13    Authorise 47,170 Preference Shares for    For       For        Management
      Market Purchase


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

SAAB AB

Ticker:                      Security ID:  SE0000112385
Meeting Date: APR 5, 2006    Meeting Type: Annual
Record Date:  MAR 30, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Receive Financial Statements and          None      None       Management
      Statutory Reports
7     Receive President's Report                None      None       Management
8.1   Approve Financial Statements and          For       For        Management
      Statutory Reports
8.2   Approve Allocation of Income and          For       For        Management
      Dividends of SEK 4 Per Share
8.3   Approve Discharge of Board and President  For       For        Management
9     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board; Receive
      Nominating Committee Report
10    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2.9 Million
      (Including Fees for Committee Work);
      Approve Remuneration of Auditors
11    Reelect Erik Belfrage, Stephen Henwood,   For       For        Management
      Peter Nygaards, George Rose, Per-Arne
      Sandstroem, Aake Svensson, Lena Treschow
      Torell, and Marcus Wallenberg (Chairman)
      as Directors; Elect Lennart Johansson as
      New Director
12    Amend Articles Re: Various Changes to     For       For        Management
      Comply with New Swedish Companies Act
13    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital and Reissuance of
      Repurchased Shares
14    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
15    Authorize Chairman of Board and           For       For        Management
      Representatives of Four of Company's
      Largest Shareholders to Serve on
      Nominating Committee


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

SAES GETTERS

Ticker:                      Security ID:  IT0001029492
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  APR 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Distribution of Dividends by Partial Use
      of the Reserves
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Approve Directors' Termination Indemnity  For       For        Management
4     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors; Determine Remuneration
      of Directors and Remuneration of Audit
      Committee
5     Appoint Internal Statutory Auditors and   For       For        Management
      the Chairman; Approve Remuneration of
      Auditors


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

SAFT GROUPE

Ticker:                      Security ID:  FR0010208165
Meeting Date: JUN 22, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Management Board,  Supervisory
      Board and Auditors
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
3     Approve Treatment of Losses               For       For        Management
4     Approve Allocation of Dividends of EUR    For       For        Management
      0.65 per Share
5     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      60,000 for Fiscal Year 2005
8     Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      150,000 for Fiscal Year 2006
9     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1 Million
10    Approve Stock Option Plans Grants         For       For        Management
11    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
12    Amend Articles of Association Re: Quorum  For       For        Management
      Requirements for AGMs and EGMs
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

SANYO ELECTRIC CREDIT CO., LTD.

Ticker:       8565           Security ID:  JP3341000002
Meeting Date: JUN 22, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 17,
      Final JY 17, Special JY 0
2     Amend Articles to: Limit Directors' and   For       For        Management
      Statutory Auditors'  Legal Liability -
      Authorize Public Announcements in
      Electronic Format - Limit Rights of
      Odd-Lot Holders - Update Terminology to
      Match that of New Corporate Law
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonus for Director     For       Against    Management
6     Approve Retirement Bonus for Statutory    For       For        Management
      Auditor


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

SCHIBSTED ASA

Ticker:                      Security ID:  NO0003028904
Meeting Date: MAY 11, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Approve Notice of Meeting and Agenda      For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Approve Financial Statements and          For       For        Management
      Statutory Reports
5     Approve Dividends of NOK 4.25 Per Share   For       For        Management
6     Approve Remuneration of Auditors          For       For        Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Receive Nominating Committee Report       None      None       Management
9     Reelect All Current Directors Except      For       For        Management
      Grete Faremo; Elect Eva Lindqvist as New
      Director
10    Approve Remuneration of Directors;        For       For        Management
      Approve Remuneration of Compensation
      Committee
11    Reelect Lars Christensen, Tinius          For       For        Management
      Nagell-Erichsen, and Gunn Waersted as
      Members of Nominating Committee; Elect
      Nils Bastiansen as New Deputy Member of
      Nominating Committee
12    Approve Remuneration of Members of        For       For        Management
      Nominating Committee in the Amount of NOK
      50,000 for Chairman and NOK 30,000 for
      Other Members


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

SCS STANDARD COMPUTERSYSTEME AG

Ticker:                      Security ID:  DE0005161806
Meeting Date: FEB 27, 2006   Meeting Type: Annual
Record Date:  JAN 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2004/2005
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2004/2005
4a    Elect Ulrich Marseille to the Supervisory For       For        Management
      Board
4b    Elect Axel Hoelzer to the Supervisory     For       For        Management
      Board
4c    Elect Juergen Trepel to the Supervisory   For       For        Management
      Board
4d    Elect Michael Nowak to the Supervisory    For       For        Management
      Board
4e    Elect Udo Dutschko to the Supervisory     For       For        Management
      Board
4f    Elect Joachim Oberhansberg to the         For       For        Management
      Supervisory Board
5     Ratify Dr. Ebner, Dr. Stolz und Partner   For       For        Management
      Berlin GmbH as Auditors


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

SCS STANDARD COMPUTERSYSTEME AG

Ticker:                      Security ID:  DE0005161806
Meeting Date: JAN 16, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Announcement of  Net Loss         None      None       Management
      Amounting to Half of Issued Equity
      (Non-Voting)


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

SHINKAWA LTD.

Ticker:       6274           Security ID:  JP3371700000
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 10,
      Final JY 30, Special JY 0
2     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
3     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Directors and
      Statutory Auditors
4.1   Elect Director                            For       For        Management
4.2   Elect Director                            For       For        Management
4.3   Elect Director                            For       For        Management
4.4   Elect Director                            For       For        Management
4.5   Elect Director                            For       For        Management
4.6   Elect Director                            For       For        Management
4.7   Elect Director                            For       For        Management
4.8   Elect Director                            For       For        Management
4.9   Elect Director                            For       For        Management
4.10  Elect Director                            For       For        Management
5     Appoint Internal Statutory Auditor        For       For        Management
6     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor
7     Approve Abolishment of Retirement Bonus   For       For        Management
      System
8     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditor in
      Connection with Abolition of Retirement
      Bonus System
9     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
10    Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Statutory
      Auditors


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

SIA ABRASIVES HOLDING AG

Ticker:                      Security ID:  CH0002313200
Meeting Date: APR 19, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 10 per Share
5.a   Reelect Peter Schifferle as Director      For       For        Management
5.b   Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors


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

SIG HOLDING AG

Ticker:                      Security ID:  CH0012022494
Meeting Date: MAR 30, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2.1   Approve Allocation of Income and Omission For       For        Management
      of Dividends
2.2   Approve CHF 26 Million Reduction in Share For       For        Management
      Capital; Approve Capital Repayment of CHF
      4 per Share
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4.1a  Remove Thomas Huebner as Director         Against   Against    Shareholder
4.1b  Remove Lambert Leisewitz as Director      Against   For        Shareholder
4.1c  Remove Robert Lombardini as Director      Against   Against    Shareholder
4.1d  Remove David Schnell as Director          Against   Against    Shareholder
4.2a1 Reelect Peter Hauser as Director          For       Against    Management
4.2a2 Elect Heinrich Fischer as Director        For       For        Management
4.2a3 Elect Rudolf Wehrli as Director           For       For        Management
4.2a4 Elect Goetz-Michael Mueller as Director   For       For        Management
4.2b1 Elect Nico Issenmann as Director          Against   For        Shareholder
4.2b2 Elect Thomas Kunz as Director             Against   For        Shareholder
4.2b3 Elect Alex Seidel as Director             Against   For        Shareholder
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors
6     Transact Other Business (Non-Voting)      None      None       Management


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

SKY CITY ENTERTAINMENT GROUP (FORMERLY SKY CITY LTD)

Ticker:                      Security ID:  NZSKCE0001S2
Meeting Date: OCT 28, 2005   Meeting Type: Annual
Record Date:  OCT 26, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Patsy Reddy as Director             For       For        Management
2     Elect Bill Trotter as Director            For       Abstain    Management
3     Approve Grant of Share Rights up to AUD   For       For        Management
      1.13 Million and Restricted Ordinary
      Shares up to AUD 1.13M to Evan Davies,
      Managing Director of the Company
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors


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

SOGEFI

Ticker:                      Security ID:  IT0000076536
Meeting Date: APR 6, 2006    Meeting Type: Annual
Record Date:  APR 4, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for the Fiscal Year 2005
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Approve Stock Option Plan for 2006        For       Against    Management
4     Appoint Internal Statutory Auditors for   For       For        Management
      the Three-Year Term 2006-2008; Approve
      Remuneration of Auditors


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

SOLOMON SYSTECH INTERNATIONAL LTD

Ticker:                      Security ID:  KYG826051099
Meeting Date: APR 27, 2006   Meeting Type: Annual
Record Date:  APR 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend of HK$0.15 Per     For       For        Management
      Share
3a    Reelect Lai Woon Ching as Director and    For       For        Management
      Authorize Board to Fix His Remuneration
3b    Reelect Lo Wai Ming as Director and       For       For        Management
      Authorize Board to Fix His Remuneration
3c    Reelect Lam Pak Lee as Director and       For       For        Management
      Authorize Board to Fix His Remuneration
4     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
5a    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
5b    Approve Issuance of Equity or             For       For        Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       For        Management
      Shares
6     Amend Articles Re: Voting at Meetings &   For       For        Management
      Retirement of Directors


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

SPIRAX-SARCO ENGINEERING PLC

Ticker:                      Security ID:  GB0008347048
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 17 Pence Per    For       For        Management
      Share
4     Re-elect Einar Lindh as Director          For       For        Management
5     Re-elect Bill Whiteley as Director        For       For        Management
6     Reappoint KPMG Audit Plc as Auditors and  For       For        Management
      Authorise the Board to Determine Their
      Remuneration
7     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,300,000
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 960,000
9     Approve Scrip Dividend Program            For       For        Management
10    Authorise 7,700,000 Ordinary Shares for   For       For        Management
      Market Purchase


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

SSL INTERNATIONAL PLC (FRM.SETON HEALTHCARE PLC)

Ticker:                      Security ID:  GB0007981128
Meeting Date: JUL 20, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 4.2 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Garry Watts as Director          For       For        Management
5     Re-elect Richard Adam as Director         For       For        Management
6     Re-elect Peter Read as Director           For       For        Management
7     Elect Anna Catalano as Director           For       For        Management
8     Elect Susan Murray as Director            For       For        Management
9     Reappoint KPMG Audit plc as Auditors of   For       For        Management
      the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Approve the Performance Share Plan        For       For        Management
12    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,000,000
13    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 947,573
14    Amend Memorandum of Association Re:       For       For        Management
      Indemnification of Directors
15    Amend Articles of Association Re:         For       For        Management
      Indemnification of Directors
16    Authorise 18,950,000 Ordinary Shares for  For       For        Management
      Market Purchase


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

STAGECOACH GROUP PLC

Ticker:                      Security ID:  GB00B01NL717
Meeting Date: AUG 26, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 2.3 Pence Per   For       For        Management
      Ordinary Share
4     Re-elect Iain Duffin as Director          For       For        Management
5     Re-elect Brian Souter as Director         For       For        Management
6     Re-elect Ewan Brown as Director           For       For        Management
7     Re-elect Ann Gloag as Director            For       For        Management
8     Re-elect Robert Speirs as Director        For       For        Management
9     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
10    Authorise Board to Fix Remuneration of    For       For        Management
      the Auditors
11    Approve the Stagecoach Group plc 2005     For       For        Management
      Executive Participation Plan
12    Approve the Stagecoach Group plc 2005     For       For        Management
      Long Term Incentive Plan
13    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,252,095
14    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 337,814
15    Authorise Market Purchases of up to 10    For       For        Management
      Percent of the Issued Share Capital
16    Adopt New Articles of Association         For       For        Management


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

SUMITOMO OSAKA CEMENT CO. LTD.

Ticker:       5232           Security ID:  JP3400900001
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 4, Special JY 0
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-executive Directors and
      Statutory Auditors - Increase Maximum
      Board Size
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditors and Special
      Payments to Continuing Directors and
      Statutory Auditor in Connection with
      Abolition of Retirement Bonus System


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

SWEDISH MATCH AB

Ticker:       SWMAF          Security ID:  SE0000310336
Meeting Date: APR 20, 2006   Meeting Type: Annual
Record Date:  APR 12, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
4     Acknowledge Proper Convening of Meeting   For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Receive Financial Statements and          None      None       Management
      Statutory Reports;  Receive President's,
      Board, and Audit Committee Reports
7     Approve Financial Statements and          For       For        Management
      Statutory Reports
8     Approve Allocation of Income and          For       For        Management
      Dividends of SEK 2.10 per Share
9     Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management; Receive Report of
      Remuneration Committee
10    Approve Stock Option Plan for Key         For       For        Management
      Employees
11    Approve Reissuance of 723,333 Repurchased For       For        Management
      Shares to Hedge 2005 Stock Option Program
      2005
12    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
13A   Approve SEK 28.8 Million Reduction In     For       For        Management
      Share Capital via Share Cancellation
13B   Approve SEK 28.8 Million Increase in      For       For        Management
      Share Capital via Transfer of Said Amount
      from Free Equity to Company's Share
      Capital
14    Approve SEK 80.4 Million Reduction in     For       For        Management
      Company's Reserves; Allow Said Amount to
      be Used For Share Repurchase Program
15    Approve Discharge of Board and President  For       For        Management
16    Determine Number of Members (9)           For       For        Management
17    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 875,000 for Chairman and
      SEK 330,000 for Other Directors; Approve
      Remuneration for Committee Work in the
      Aggregate Amount of SEK 500,000
18    Reelect Bernt Magnusson (Chairman), Sven  For       Against    Management
      Hindrikes, Tuve Johannesson, Arne
      Jurbrant, Karsten Slotte, Kersti
      Strandqvist, and Meg Tiveus as Directors;
      Elect Andrew Cripps and Conny Karlsson as
      New Directors
19    Authorize Board Chairman and              For       For        Management
      Representatives of Company's Four Largest
      Shareholders to Serve on Nominating
      Committee
20    Approve Amendment of Instructions for     For       For        Management
      Nomination Committee
21    Approve Offer to Shareholders to Buy and  For       For        Management
      Sell Shares without Charge
22    Amend Articles Re: Various Changes to     For       For        Management
      Comply with New Swedish Companies Act
23    Authorization to Raise Customary Credit   For       For        Management
      Facilities Where Payable Interest or the
      Amounts with Which the Loan Shall be
      Repaid Are Conditional Upon the Company's
      Results or Financial Position


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

TAIHEIYO CEMENT CORP.

Ticker:       5233           Security ID:  JP3449020001
Meeting Date: JUN 28, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 0,
      Final JY 2.5, Special JY 0
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Statutory Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditors


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

TAISEI LAMICK CO LTD

Ticker:       4994           Security ID:  JP3444900009
Meeting Date: JUN 21, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 33,
      Final JY 33, Special JY 0
2     Amend Articles to: Authorize Public       For       For        Management
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Update
      Terminology to Match that of New
      Corporate Law
3     Appoint Internal Statutory Auditor        For       Against    Management


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

TAKUMA CO. LTD.

Ticker:       6013           Security ID:  JP3462600002
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 5, Special JY 0
2     Amend Articles to: Limit Rights of        For       For        Management
      Odd-lot Holders - Update Terminology to
      Match that of New Corporate Law - Limit
      Liability of Non-Executive Statutory
      Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
6     Approve Retirement Bonuses for Director   For       Against    Management
      and Statutory Auditor


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

TECHEM AG

Ticker:                      Security ID:  DE0005471601
Meeting Date: MAR 2, 2006    Meeting Type: Annual
Record Date:  FEB 9, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.50 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2004/2005
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2004/2005
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors for Fiscal 2005/2006
6     Amend Articles Re: Calling of and         For       For        Management
      Registration for Shareholder Meetings due
      to New German Legislation (Law on Company
      Integrity and Modernization of the Right
      of Avoidance)
7     Ratify Amended Affiliation Agreement with For       For        Management
      Subsidiary Techem Energy Services AG
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 250
      Million with Preemptive Rights; Approve
      Creation of EUR 6.2 Million Pool of
      Capital to Guarantee Conversion Rights


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

TOPPAN FORMS CO LTD

Ticker:       7862           Security ID:  JP3629200001
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 11.5,
      Final JY 12.5, Special JY 0
2     Amend Articles to: Limit Directors' Legal For       For        Management
      Liability - Authorize Public
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Update
      Terminology to Match that of New
      Corporate Law - Limit Liability of
      Statutory Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
3.7   Elect Director                            For       For        Management
3.8   Elect Director                            For       For        Management
3.9   Elect Director                            For       For        Management
3.10  Elect Director                            For       For        Management
3.11  Elect Director                            For       For        Management
3.12  Elect Director                            For       For        Management
3.13  Elect Director                            For       For        Management
3.14  Elect Director                            For       For        Management
4     Approve Retirement Bonuses for Statutory  For       Against    Management
      Auditors and Special Payments to
      Continuing Directors and Statutory
      Auditors in Connection with Abolition of
      Retirement Bonus System
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
6     Approve Executive Stock Option Plan       For       For        Management
7     Approve Employee Stock Option Plan        For       For        Management


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

UNION TOOL

Ticker:       6278           Security ID:  JP3950600001
Meeting Date: FEB 23, 2006   Meeting Type: Annual
Record Date:  NOV 30, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 17,
      Final JY 23, Special JY 0
2.1   Elect Director                            For       For        Management
2.2   Elect Director                            For       For        Management
2.3   Elect Director                            For       For        Management
2.4   Elect Director                            For       For        Management
3     Approve Retirement Bonus for Director     For       For        Management


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

UPONOR (FORMERLY ASKO OYJ)

Ticker:                      Security ID:  FI0009002158
Meeting Date: MAR 16, 2006   Meeting Type: Annual
Record Date:  MAR 6, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      None       Management
      Statutory Reports
1.2   Receive Auditors' Report                  None      None       Management
1.3   Accept Financial Statements and Statutory For       For        Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.90 Per Share
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Approve Remuneration of Directors         For       For        Management
1.7   Fix Number of Directors at 5              For       For        Management
1.8   Reelect Jorma Eloranta, Pekka Paasikivi,  For       For        Management
      Aimo Rajahalme, Anne-Christine
      Silfverstolpe Nordin, and Rainer Simon as
      Directors
1.9   Reelect KPMG Oy Ab as Auditors            For       For        Management
2     Approve EUR 2.3 Million Reduction in      For       For        Management
      Share Capital via Share Cancellation
3     Authorize Repurchase of Up to Five        For       For        Management
      Percent of Issued Share Capital


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

USG PEOPLE NV (FRMELY UNITED SERVICES GROUP AND UNIQUE INTERNATIONAL )

Ticker:                      Security ID:  NL0000354470
Meeting Date: MAY 9, 2006    Meeting Type: Annual
Record Date:  MAY 3, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
3     Approve Financial Statements and          For       For        Management
      Statutory Reports
4     Receive Explanation on Company's Reserves None      None       Management
      and Dividend Policy
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Approve Discharge of Management Board     For       For        Management
7     Approve Discharge of Supervisory Board    For       For        Management
8.1   Notification of Appointment of A. Dehaze  None      None       Management
      as COO
8.2   Notification of Appointment of R.         None      None       Management
      Zandbergen as CFO
8.3   Notification of Resignation of A.D.       None      None       Management
      Mulder as Chairman
8.4   Notification of Appointment of R. Icke as None      None       Management
      President
9.1   Reelect C.J. Brakel as Chairman of the    For       For        Management
      Supervisory Board
9.2   Elect A.D. Mulder to Supervisory Board    For       For        Management
9.3   Reelect M.E. van Lier Lels to Supervisory For       For        Management
      Board
9.4   Notification of Resignation of B. de      None      None       Management
      Vries
9.5   Elect C.Y.I.E. Dumolin to Supervisory     For       For        Management
      Board
10    Discussion on Company's Corporate         None      None       Management
      Governance Structure
11    Approve Remuneration Report Containing    For       Against    Management
      Remuneration Policy for Management Board
      Members
12    Approve Remuneration of Supervisory Board For       For        Management
13    Ratify PricewaterhouseCoopers N.V. as     For       For        Management
      Auditors
14    Grant Board Authority to Issue Shares Up  For       For        Management
      To 10 Percent of Issued Capital and
      Restricting/Excluding Preemptive Rights
15    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
16    Allow Questions                           None      None       Management
17    Close Meeting                             None      None       Management


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

VAN LANSCHOT NV

Ticker:                      Security ID:  NL0000302636
Meeting Date: MAR 7, 2006    Meeting Type: Special
Record Date:  MAR 1, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Approve Changes in the Company's          For       For        Management
      Corporate Governance Structure
3     Elect O.L.O. de Witte Wijnen to           For       For        Management
      Supervisory Board
4     Close Meeting                             None      None       Management


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

VAN LANSCHOT NV

Ticker:                      Security ID:  NL0000302636
Meeting Date: MAY 10, 2006   Meeting Type: Annual
Record Date:  MAY 5, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2a    Discussion Company's Corporate Governance None      None       Management
      Structure
2b    Amend Articles: Eliminate the 1 Percent   For       For        Management
      Provision which Limits the
      Transferability of Shares; and Increase
      Authorization of the Stichting Preferente
      Aandelen C to Issue Protective Preference
      Shares from 50 to 100 Percent of Issued
      Share Capital
2c    Receive Announcement on the Expansion of  None      None       Management
      the Authorization Granted to Stichting
      Preferente Aandelen C of Van Lanschot
3a    Receive Report of Management Board        None      None       Management
3b    Receive Report of Supervisory Board       None      None       Management
3c    Receive Announcements on Strategy of Van  None      None       Management
      Lanschot N.V.
4a    Approve Financial Statements and          For       For        Management
      Statutory Reports
4b    Approve Dividends of EUR 2.50 Per Share   For       For        Management
5a    Approve Discharge of Management Board     For       For        Management
5b    Approve Discharge of Supervisory Board    For       For        Management
6a    Announce Vacancies and Profile of         None      None       Management
      Supervisory Board
6b    Opportunity to Nominate Two Members for   None      None       Management
      the Supervisory Board
6c.i  Notification of Reappointment of J.       None      None       Management
      Peeters to the Supervisory Board
6c.ii Notification of Appointment G.P. van      None      None       Management
      Lanschot to the Supervisory Board
6c.ii Reelect J. Peeters and Elect G.P. van     For       For        Management
      Lanschot to the Supervisory  Board
6d    Annouce Vacancies on Supervisory Board    None      None       Management
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8a    Grant Board Authority to Issue Ordinary   For       For        Management
      Shares and Preference Shares B up to 10
      Percent of Issued Share Capital to Be
      Increased by 10 Percent in Connection
      with a Merger or Acquisition and to Issue
      All Authorized yet Unissued Preference
      Shares C
8b    Authorize Board to Exclude Preemptive     For       For        Management
      Rights from Issuance Under Item 8a
8c    Authorize Board to Issue Shares up to 1   For       For        Management
      Percent of Issued Share Capital in
      Relation to the Share and Option Plans
9     Allow Questions and Close Meeting         None      None       Management


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

VEIDEKKE

Ticker:                      Security ID:  NO0005806802
Meeting Date: MAY 8, 2006    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Chairman of Meeting; Designate      For       For        Management
      Inspector or Shareholder
      Representative(s) of Minutes of Meeting
3     Approve Notice of Meeting and Agenda      For       For        Management
4     Approve Financial Statements and          For       For        Management
      Statutory Reports
5     Approve Allocation of Income and          For       For        Management
      Dividends of NOK 10 per Share
6     Approve Remuneration of Auditors in the   For       For        Management
      Amount of NOK 800,000
7     Reelect Helge Andresen, Jan Knutsen, and  For       For        Management
      Erik Must as Members of Nominating
      Committee; Elect Olaug Svarva as New
      Member
8     Approve Remuneration of Directors in the  For       For        Management
      Amount of NOK 285,000 for Chairman, NOK
      130,000 for Other Board Members, and NOK
      30,000 for Committee Work
9     Reelect Kari Gjesteby and Martin Maeland  For       For        Management
      as Directors; Elect Jette Knudsen as New
      Director; Reelect Terje Venold and Arne
      Giske as Deputy Members
10    Approve Creation of NOK 7 Million Pool of For       For        Management
      Capital without Preemptive Rights
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


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

VEIDEKKE

Ticker:                      Security ID:  NO0005806802
Meeting Date: NOV 17, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Registration of          None      None       Management
      Shareholders
2     Elect Chairman of Meeting; Designate      For       For        Management
      Inspector or Shareholder Representative
      of Minutes of Meeting
3     Approve Notice of Meeting and Agenda      For       For        Management
4     Approve Dividends of NOK 12 Per Share     For       For        Management


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

VISMA ASA (VISUAL MANAGEMENT APPLICATIONS)

Ticker:                      Security ID:  NO0003054405
Meeting Date: MAR 10, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Open Meeting                              None      None       Management
1.2   Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
1.3   Elect Svein Goli as Chairman of Meeting   For       For        Management
1.4   Approve Notice of Meeting and Agenda      For       For        Management
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Approve Reduction of Share Premium        For       For        Management
      Account
4     Approve Creation of NOK 23.5 Million Pool For       Against    Management
      of Capital without Preemptive Rights;
      Authorize Repurchase of Up to Ten Percent
      of Issued Capital
5     Amend Articles Re: Allow for Range of     For       For        Management
      Election Committee members (2-4)
6     Ratify Auditors                           For       For        Management
7     Elect Directors                           For       For        Management
8     Elect Lars Foerberg, Nils Bastiansen, and For       For        Management
      Per Boasson as Members of Nominating
      Committee


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

VISMA ASA (VISUAL MANAGEMENT APPLICATIONS)

Ticker:                      Security ID:  NO0003054405
Meeting Date: OCT 17, 2005   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Open Meeting                              None      None       Management
1.2   Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
1.3   Elect Svein Goli as Chairman of Meeting   For       For        Management
1.4   Approve Notice of Meeting and Agenda      For       For        Management
2     Elect Per Boasson and Ossian Hellers as   For       Withhold   Management
      Directors
3     Elect Members of Nominating Committee     For       Withhold   Management


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

WAREHOUSE GROUP LTD, THE

Ticker:                      Security ID:  NZWHSE0001S6
Meeting Date: NOV 25, 2005   Meeting Type: Annual
Record Date:  NOV 23, 2005

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Stephen Robert Tindall as Director  For       For        Management
2     Elect Keith Raymond Smith as Director     For       For        Management
3     Elect John Christian Dahlsen as Director  For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      PricewaterhouseCoopers as Auditor for the
      Ensuing Year
5     Approve Financial Assistance of NZ$5.10   For       For        Management
      Million by Way of a Loan in Connection
      with the Company's Executive Share Scheme
6     Approve Issuance of up to Two Million     For       For        Management
      Shares to Selected Executives Under the
      Scheme in 2006
7     Approve Issuance of 500,000 Shares to Ian For       For        Management
      Rognvald Morrice
8     Approve Issuance of 200,000 Shares to Ian For       For        Management
      Tsicalas
9     Develop an Objective and where Possible a Against   Against    Shareholder
      Measurable Policy and Set of Guidlines
      Regarding the Total Acceptable Workload
      that Directors May Have


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

WILLIAM HILL PLC

Ticker:                      Security ID:  GB0031698896
Meeting Date: MAY 18, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 12.2 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect David Harding as Director        For       For        Management
5     Re-elect Barry Gibson as Director         For       For        Management
6     Elect Simon Lane as Director              For       For        Management
7     Reappoint Deloitte & Touche LLP as        For       For        Management
      Auditors of the Company
8     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 12,503,202
10    Authorise the Company to Make EU          For       For        Management
      Political Organisation Donations up to
      GBP 35,000 and Incur EU Political
      Expenditure up to GBP 35,000
11    Authorise William Hill Organization       For       For        Management
      Limited to Make EU Political Organisation
      Donations up to GBP 35,000 and Incur EU
      Political Expenditure up to GBP 35,000
12    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,875,480
13    Authorise 37,509,606 Ordinary Shares for  For       For        Management
      Market Purchase
14    Approve Increase In Borrowing Powers to   For       For        Management
      the Greater of GBP 2,000,000,000 and Five
      Times its Consolidated Earnings Before
      Taxation Depreciation and Amortisation of
      the Group


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

WINCANTON PLC

Ticker:                      Security ID:  GB0030329360
Meeting Date: JUL 21, 2005   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Remuneration Report               For       For        Management
3     Approve Final Dividend of 7.74 Pence Per  For       For        Management
      Ordinary Share
4     Elect David Edmonds as Director           For       For        Management
5     Re-elect Paul Bateman as Director         For       For        Management
6     Re-elect Gerard Connell as Director       For       For        Management
7     Re-elect Graeme McFaull as Director       For       For        Management
8     Appoint KPMG Audit Plc as Auditors and    For       For        Management
      Authorise the Board to Determine Their
      Remuneration
9     Authorise the Company to Make EU          For       For        Management
      Political Organisation Donations and To
      Incur EU Political Expenditure up to an
      Aggregate Nominal Amount of GBP 50,000
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 3,913,392
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 587,009
12    Authorise 11,740,175 Ordinary Shares for  For       For        Management
      Market Purchase


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

YAMAICHI ELECTRONICS CO. LTD.

Ticker:       6941           Security ID:  JP3934200001
Meeting Date: JUN 29, 2006   Meeting Type: Annual
Record Date:  MAR 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 5,
      Final JY 7, Special JY 3
2     Amend Articles to: Decrease Maximum Board For       For        Management
      Size - Limit Rights of Odd-lot Holders -
      Update Terminology to Match that of New
      Corporate Law
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
3.3   Elect Director                            For       For        Management
3.4   Elect Director                            For       For        Management
3.5   Elect Director                            For       For        Management
3.6   Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Alternate Internal Statutory      For       Against    Management
      Auditor
5     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


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

ZEHNDER GROUP (FORMERLY ZEHNDER HOLDING AG)

Ticker:                      Security ID:  CH0002352935
Meeting Date: MAY 31, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Discharge of Board and Senior     For       For        Management
      Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of CHF 46 per Share
4.1   Reelect Peter Wiesendanger as Director    For       Against    Management
4.2   Ratify KPMG Fides Peat as Auditors        For       For        Management


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

ZODIAC SA

Ticker:                      Security ID:  FR0000125684
Meeting Date: DEC 15, 2005   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements              For       Did Not    Management
                                                          Vote
2     Accept Consolidated Financial Statements  For       Did Not    Management
      and Statutory Reports; Approve Discharge            Vote
      Management and Supervisory Board Members
      and Auditors
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.75 per Share                     Vote
4     Approve Transfer from Long-Term Capital   For       Did Not    Management
      Gains Reserve to Other Reserves                     Vote
5     Approve Special Auditors' Report          For       Did Not    Management
      Regarding Related-Party Transactions                Vote
6     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
7     Reelect Louis Desanges as Supervisory     For       Did Not    Management
      Board Member                                        Vote
8     Reelect Elisabeth Domange as Supervisory  For       Did Not    Management
      Board Member                                        Vote
9     Reelect Marc Schelcher as Supervisory     For       Did Not    Management
      Board Member                                        Vote
10    Reappoint Eura Audit Fideuraf as          For       Did Not    Management
      Alternate Auditor                                   Vote
11    Reappoint Jean Martin as Alternate        For       Did Not    Management
      Auditor                                             Vote
12    Ratify Auditex as Alternate Auditor       For       Did Not    Management
                                                          Vote
13    Approve Reduction in Share Capital via    For       Did Not    Management
      Cancellation of Repurchased Shares                  Vote
14    Allow for the Dismissal/Removal of        For       Did Not    Management
      Management Board Members by the                     Vote
      Supervisory Board Without Prior
      Shareholder Approval
15    Amend Articles of Association to Reflect  For       Did Not    Management
      Previous Resolution                                 Vote
16    Authorize Board to Ratify and Execute     For       Did Not    Management
      Approved Resolutions                                Vote

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



                                   SIGNATURES

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

(Registrant):   Morgan Stanley International SmallCap Fund
              ------------------------------------------------------------------

By  (Signature and Title):

                                      /s/ Ronald E. Robison

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


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





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