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 811-07169

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

  522 Fifth Avenue, New York, New York                                   10036
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip code)

                               Amy Doberman, Esq.
                                Managing Director
                     Morgan Stanley Investment Advisors Inc.
                                522 Fifth Avenue
                            New York, New York 10036
                     ---------------------------------------
                     (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: 7/1/06 - 6/30/07



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

ICA File Number: 811-07169
Reporting Period: 07/01/2006 - 06/30/2007
Morgan Stanley International SmallCap Fund









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


AMER SPORTS CORP (FORMERLY AMER GROUP PLC)

Ticker:                      Security ID:  FI0009000285
Meeting Date: MAR 8, 2007    Meeting Type: Annual
Record Date:  FEB 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
1.2   Receive Auditors' Report                  None      Did Not    Management
                                                          Vote
1.3   Accept Financial Statements and Statutory For       Did Not    Management
      Reports                                             Vote
1.4   Approve Allocation of Income and          For       Did Not    Management
      Dividends of EUR 0.50 Per Share                     Vote
1.5   Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
1.6   Fix Number of Directors at Seven          For       Did Not    Management
                                                          Vote
1.7   Approve Remuneration of Directors and     For       Did Not    Management
      Auditors                                            Vote
1.8   Reelect Felix Bjorklund, Ilkka Brotherus, For       Did Not    Management
      Tuomo Lahdesmaki, Timo Maasilta, Roger              Vote
      Talermo, and Anssi Vanjoki as Directors;
      Elect Pirjo Valiaho as New Director
1.9   Ratify PricewaterhouseCoopers Oy as       For       Did Not    Management
      Auditor                                             Vote
2     Amend Articles to Comply with New Finnish For       Did Not    Management
      Companies Act                                       Vote
3     Authorize Repurchase of up to 10 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote
4     Approve Creation of Pool of Capital       For       Did Not    Management
      without Preemptive Rights; Authorize                Vote
      Reissuance of Repurchased Shares
5     Approve Stock Option Plan; Approve        For       Did Not    Management
      Creation of Pool of Conditional Capital             Vote
      to Guarantee Conversion Rights


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APLUS CO. LTD

Ticker:       8589           Security ID:  JP3122550001
Meeting Date: MAR 23, 2007   Meeting Type: Special
Record Date:  FEB 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Create New Class of    For       Against    Management
      Preferred Shares
2     Approve Issuance of Preferred Shares for  For       Against    Management
      a Private Placement
3.1   Elect Director                            For       Against    Management
3.2   Elect Director                            For       Against    Management
3.3   Elect Director                            For       Against    Management
1     Amend Articles to: Create New Class of    For       Against    Management
      Preferred Shares


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APLUS CO. LTD

Ticker:       8589           Security ID:  JP3122550001
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Capital Reduction                 For       For        Management
2     Approve Reduction in Capital Reserves     For       For        Management
3     Approve Handling of Net Loss              For       For        Management
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
5.1   Appoint Internal Statutory Auditor        For       For        Management
5.2   Appoint Internal Statutory Auditor        For       For        Management
5.3   Appoint Internal Statutory Auditor        For       Against    Management
5.4   Appoint Internal Statutory Auditor        For       Against    Management
6     Appoint Alternate Internal Statutory      For       Against    Management
      Auditor
7     Approve Retirement Bonuses for Directors  For       For        Management
      and Statutory Auditor


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ARIAKE JAPAN CO. LTD.

Ticker:       2815           Security ID:  JP3125800007
Meeting Date: JUN 15, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     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: Create Post of         For       Against    Management
      Chairman
3.1   Elect Director                            For       Against    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
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       For        Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Appoint External Audit Firm               For       For        Management
6     Approve Payment of Annual Bonuses to      For       Against    Management
      Directors and Statutory Auditor
7     Approve Deep Discount Stock Option Plan   For       Against    Management


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ARK THERAPEUTICS GROUP PLC, LONDON

Ticker:                      Security ID:  GB0034251727
Meeting Date: APR 26, 2007   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     Re-elect Wolfgang Plischke as Director    For       Against    Management
4     Re-elect Dennis Turner as Director        For       For        Management
5     Re-elect Martyn Williams as Director      For       For        Management
6     Re-elect Peter Keen as Director           For       For        Management
7     Re-elect Sir Mark Richmond as Director    For       For        Management
8     Reappoint Deloitte & Touche LLP as        For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 497,986
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 82,998
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 55,893.07 in
      Respect of Warrant Instruments


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

AWD HOLDING AG

Ticker:                      Security ID:  DE0005085906
Meeting Date: MAY 23, 2007   Meeting Type: Annual
Record Date:  MAY 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2006
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.30 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2006
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2006
5     Ratify BDO Deutsche Warentreuhand AG as   For       For        Management
      Auditors for Fiscal 2007
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
7     Approve Remuneration of Supervisory Board For       For        Management
8     Amend Articles Re: Allow Electronic       For       For        Management
      Distribution of Company Communications


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BANCA CR FIRENZE SPA

Ticker:                      Security ID:  IT0004194970
Meeting Date: APR 26, 2007   Meeting Type: Annual/Special
Record Date:  APR 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 6, 7, 9, 10, 12, 15, 16,   For       For        Management
      17 and 19 to Comply with the New Italian
      Regulation on Listed Companies
1     Accept Financial Statements; Consolidated For       For        Management
      Financial Statements and Statutory
      Reports for Fiscal Year 2006
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Appoint Internal Statutory Auditors       For       For        Management
4     Deliberations Inherent Article 2386 of    For       For        Management
      Italian Civil Code i. e. Cooptation of
      One Director


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BANCA ITALEASE S.P.A.

Ticker:                      Security ID:  IT0000226503
Meeting Date: NOV 9, 2006    Meeting Type: Special
Record Date:  NOV 7, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Stock Option Plan                 For       For        Management
1     Approve Plan of Merger by Incorporation   For       For        Management
      of Leasimpresa SpA in Banca Italease SpA;
      Approve Capital Increase of up to Maximum
      EUR 37.8 Million, Through the Issuance of
      n. 7,325,500 Million Shares with Par
      Value EUR 5.16
2     Authorize Capital Increase in the Maximum For       For        Management
      Amount of EUR 300 Million With Preemptive
      Rights, Within a One Year Term
3     Authorize Board of Directors to Increase  For       For        Management
      Capital up to EUR 2.58 Million Through
      the Issuance of up to 500,000 Ordinary
      Shares Without Preemptive Rights and
      Within a Five-Year Term, to Be Reserved
      to Managers and/or Employees and/or
      Collaborators of the Co


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BANCA ITALEASE S.P.A.

Ticker:                      Security ID:  IT0000226503
Meeting Date: APR 16, 2007   Meeting Type: Annual/Special
Record Date:  APR 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements, Consolidated For       For        Management
      Accounts, and Statutory Reports Relative
      to the Fiscal Year 2006
2     Elect Directors                           For       Abstain    Management
3     Extend External Auditors' Mandate         For       For        Management
1     Amend Articles 7, 8, 10, 14, 16, 19, 21,  For       Against    Management
      28 of the Bylaws


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

BILLERUD

Ticker:                      Security ID:  SE0000862997
Meeting Date: MAY 3, 2007    Meeting Type: Annual
Record Date:  APR 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Chairman of Meeting                 For       Did Not    Management
                                                          Vote
3     Prepare and Approve List of Shareholders  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     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
7     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
8     Receive President's Report                None      Did Not    Management
                                                          Vote
9a    Approve Financial Statements and          For       Did Not    Management
      Statutory Reports                                   Vote
9b    Approve Allocation of Income and          For       Did Not    Management
      Dividends of SEK 3.5 per Share                      Vote
9c    Approve Discharge of Board and President  For       Did Not    Management
                                                          Vote
10    Receive Nominating Committee's Report     None      Did Not    Management
                                                          Vote
11    Determine Number of Members (7) and       For       Did Not    Management
      Deputy Members (0) of Board; Determine              Vote
      Number of Auditors and Deputy Auditors
12    Approve Remuneration of Directors in the  For       Did Not    Management
      Aggregate Amount of SEK 400,00 for                  Vote
      Chairman, SEK 300,000 for Deputy Chairman
      and SEK 200,000 for Each Other
      Non-Employee Director; Approve
      Remuneration of Auditors
13    Reelect Ingvar Petersson (Chair), Gunilla For       Did Not    Management
      Joensson, Michael Kaufmann (Deputy                  Vote
      Chair), Per Lundberg, Ewald Nageler,
      Yngve Stade and Meg Tivus as Directors
14    Ratify KPMG Bohlins AB as Auditors        For       Did Not    Management
                                                          Vote
15    Authorize Chairman of Board and           For       Did Not    Management
      Representatives of Two of Company's                 Vote
      Largest Shareholders to Serve on
      Nominating Committee
16    Approve Remuneration Policy And Other     For       Did Not    Management
      Terms of Employment For Executive                   Vote
      Management
17.1  Approve Share Matching Plan               For       Did Not    Management
                                                          Vote
17.2  Authorize Reissuance of Repurchased       For       Did Not    Management
      Shares to Finance Share Matching Plan               Vote
      (Item 17.1)
18    Authorize Reissuance of Repurchased       For       Did Not    Management
      Shares                                              Vote
19    Authorization to Raise Customary Credit   For       Did Not    Management
      Facilities Where Payable Interest or the            Vote
      Amounts with Which the Loan Shall be
      Repaid Are Conditional Upon the Company's
      Results or Financial Position
20    Close Meeting                             None      Did Not    Management
                                                          Vote


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

BRITVIC PLC

Ticker:                      Security ID:  GB00B0N8QD54
Meeting Date: JAN 31, 2007   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 7 Pence Per     For       For        Management
      Share
3     Appoint Ernst & Young LLP as Auditors of  For       For        Management
      the Company
4     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
5     Elect Gerald Corbett as Director          For       For        Management
6     Elect Paul Moody as Director              For       For        Management
7     Elect Joanne Averiss as Director          For       For        Management
8     Elect Chris Bulmer as Director            For       For        Management
9     Elect John Gibney as Director             For       For        Management
10    Elect Bob Ivell as Director               For       For        Management
11    Elect Michael Shallow as Director         For       For        Management
12    Approve Remuneration Report               For       For        Management
13    Authorise the Company, Britvic Soft       For       For        Management
      Drinks Limited and Britvic International
      Limited to Make EU Political Organisation
      Donations up to GBP 25,000 and Incur EU
      Political Expenditure up to GBP 25,000
14    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 14,380,000
15    Subject to the Passing of Resolution 14,  For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,160,000
16    Authorise 21,600,000 Ordinary Shares for  For       For        Management
      Market Purchase


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

BUCHER INDUSTRIES AG (FORMERLY BUCHER HOLDINGS AG)

Ticker:                      Security ID:  CH0002432174
Meeting Date: APR 12, 2007   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 2.50 per Share
4a    Relect Thomas Bechtler as Director        For       For        Management
4b    Relect Rolf Broglie as Director           For       For        Management
5     Elect Anita Hauser as Director            For       For        Management
6     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors


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

BULL  SA (FORMERLY MACHINES BULL)

Ticker:                      Security ID:  FR0010266601
Meeting Date: JUN 12, 2007   Meeting Type: Annual/Special
Record Date:  JUN 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
2     Approve Financial Statements and          For       For        Management
      Discharge Directors and Auditors
3     Approve Allocation of Income and Omission For       For        Management
      of Dividend
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 180,000
6     Reelect Didier Lamouche as Director       For       Against    Management
7     Reelect Gervais Pellissier as Director    For       Against    Management
8     Reelect Michel Davancens as Director      For       Against    Management
9     Reelect Kazahiko Kobayashi as Director    For       Against    Management
10    Reelect Theodore Schaffener as Director   For       For        Management
11    Reelect Jean-Francois Heitz as Director   For       For        Management
12    Reelect Jacques Weber as Director         For       For        Management
13    Ratify Grant Thornton as Auditor          For       For        Management
14    Ratify IGEC as Alternate Auditor          For       For        Management
15    Authorize Repurchase of Up to 10 Percent  For       Against    Management
      of Issued Share Capital
16    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 300 Million
17    Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 300 Million
18    Authorize Board to Increase Capital in    For       Against    Management
      the Event of Additional Demand Related to
      Delegation Submitted to Shareholder Vote
      Above
19    Authorize Capital Increase of up to 10    For       For        Management
      Percent of Issued Capital for Future
      Acquisitions
20    Set Global Limit for Capital Increase to  For       Against    Management
      Result from All Issuance Requests at EUR
      345 Million
21    Approve Employee Savings-Related Share    For       For        Management
      Purchase Plan
22    Authorize Board to Issue Free Warrants    For       Against    Management
      with Preemptive Rights During a Public
      Tender Offer or Share Exchange
23    Amend Articles of Association Re:         For       For        Management
      Disclosure Thresholds
24    Amend Articles of Association Re: Board   For       For        Management
      Meetings Attendance, Shareholder
      Proposals, Written Questions, Record
      Date, and Attend and Vote to the General
      Meetings through Videoconference and
      Telecommunication
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

BUZZI UNICEM SPA (FORMERLY UNICEM)

Ticker:                      Security ID:  IT0001347308
Meeting Date: MAY 11, 2007   Meeting Type: Annual/Special
Record Date:  MAY 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for Fiscal Year 2006
2     Deliberations Relative to Authorize Share For       For        Management
      Repurchase Program and Reissuance of
      Repurchased Shares
3     Deliberation Relative to Remuneration of  For       Abstain    Management
      Directors
4     Extend Deloitte & Touche's Mandate as     For       For        Management
      External Auditors for the Six-Year Term
      2008-2013
5     Amend Articles 3, 7 and 12 of the Rules   For       For        Management
      Governing General Meetings
1     Amend Articles 7, 9, 11 and 13 of the     For       Against    Management
      Bylaws; Introduction of Article 22;
      Consequent Renumbering of the Following
      Articles to Comply with the Italian Law
      262/2005 and to Delegate Directors to
      Increase Capital and Issue Bonds,
      Convertibles or with Warrants


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

CARGOTEC OYJ

Ticker:       CARCO          Security ID:  FI0009013429
Meeting Date: FEB 26, 2007   Meeting Type: Annual
Record Date:  FEB 16, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      None       Management
      Statutory Reports
1.2   Receive Auditor's 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
1.5   Approve Discharge of Board and President  For       For        Management
1.6   Fix Number of Directors at Six            For       For        Management
1.7   Approve Monthly Remuneration of Directors For       For        Management
      in Amount of EUR 5,000 for Board
      Chairman, EUR 3,500 for Deputy Chairman,
      and EUR 2,500 for Other Board Members
1.8   Reelect Carl-Gustaf Bergstrom, Henrik     For       For        Management
      Ehrnrooth, Tapio Hakakari, Ilkka Herlin,
      Peter Immonen, and Karri Kaitue as
      Directors
1.9   Fix Number of Auditors                    For       For        Management
1.10  Approve Remuneration of Auditors          For       For        Management
1.11  Appoint Johan Kronberg and                For       For        Management
      PricewaterhouseCoopers as Auditors
2     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
3     Authorize Reissuance of Repurchased       For       For        Management
      Shares


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

CARLSBERG

Ticker:       CARL           Security ID:  DK0010181759
Meeting Date: MAR 13, 2007   Meeting Type: Annual
Record Date:  FEB 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Board                   None      Did Not    Management
                                                          Vote
2     Approve Financial Statements and          For       Did Not    Management
      Statutory Reports; Approve Discharge of             Vote
      Board of Directors and Executive Board
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
4     Authorize Repurchase of Up to 10 Percent  For       Did Not    Management
      of Issued Share Capital                             Vote
5     Reelect Povl Krogsgaard-Larsen, Jens      For       Did Not    Management
      Bigum, and Henning Dyremose as Directors            Vote
6     Ratify KPMG C. Jespersen as Auditors      For       Did Not    Management
                                                          Vote
7     Amend Articles Re: Change Companys       For       Did Not    Management
      Registrar to VP Investor Services; Reduce           Vote
      Directors' Term of Office from Two/Three
      Years to Two Years


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

CATLIN GROUP LTD

Ticker:                      Security ID:  BMG196F11004
Meeting Date: DEC 12, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of Wellington         For       For        Management
2     Increase Authorized Common Stock to USD 4 For       For        Management
      Million
3     Authorize Director to Allot Shares Up to  For       For        Management
      USD 884,838.88


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

CATTLES PLC

Ticker:                      Security ID:  GB0001803666
Meeting Date: MAY 11, 2007   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 11.85 Pence Per For       For        Management
      Share
3a    Re-elect James Corr as Director           For       For        Management
3b    Re-elect Ian Cummine as Director          For       For        Management
3c    Re-elect Frank Dee 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       Against    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 12,092,390
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 906,929
9     Authorise 36,277,172 Ordinary Shares for  For       For        Management
      Market Purchase
10    Amend Articles of Association Re:         For       For        Management
      Electronic Communications


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

CENTURY LEASING SYSTEM INC.

Ticker:       8439           Security ID:  JP3424950008
Meeting Date: JUN 22, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 12
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
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
2.15  Elect Director                            For       For        Management
2.16  Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Retirement Bonuses for Directors  For       For        Management
5     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

DANISCO A/S

Ticker:                      Security ID:  DK0010207497
Meeting Date: AUG 24, 2006   Meeting Type: Annual
Record Date:  AUG 4, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Report of Board                   None      Did Not    Management
                                                          Vote
2     Receive and Approve Financial Statements  For       Did Not    Management
      and Statutory Reports; Approve Discharge            Vote
      of Board
3     Approve Allocation of Income and          For       Did Not    Management
      Dividends of DKK 6.75 per Share                     Vote
4     Reelect Joergen Tandrup and Haakan        For       Did Not    Management
      Bjoerklund as Directors; Elect Kirsten              Vote
      Drejer as New Director
5A    Approve Removal of Certain Company        For       Did Not    Management
      Secondary Names                                     Vote
5B    Amend Articles Re: Method in Which        For       Did Not    Management
      Shareholders Are Notified of the                    Vote
      Convening of a General Assembly
5C    Amend Articles Re: Removal of Clause From For       Did Not    Management
      Standard AGM Resolution Stipulating                 Vote
      Discharge of Board Members
5D    Amend Articles Re: Reduce Number of       For       Did Not    Management
      Elected Auditors from Two to One                    Vote
5E    Amend Articles Re: Rendering of Director  For       Did Not    Management
      Remuneration as a Separate Voting Item At           Vote
      AGM
5F    Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
5G    Authorize Board or Chairman of Meeting to For       Did Not    Management
      Make Editorial Changes to Adopted                   Vote
      Resolutions in Connection with
      Registration
6     Reappoint Deloitte as Auditors            For       Did Not    Management
                                                          Vote
7     Other Business (Non-Voting)               None      Did Not    Management
                                                          Vote


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

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

Ticker:       CPR            Security ID:  IT0003849244
Meeting Date: APR 24, 2007   Meeting Type: Annual
Record Date:  APR 20, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Elect Directors                           For       For        Management
3     Appoint Internal Statutory Auditors       For       For        Management
4     Extend Mandate of External Auditors       For       For        Management
5     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares


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

DE LA RUE PLC

Ticker:       DLAR           Security ID:  GB00B09JC238
Meeting Date: JUL 27, 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 11.8 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Michael Jeffries as Director     For       For        Management
5     Re-elect Keith Hodgkinson as Director     For       For        Management
6     Re-elect Nicholas Brookes as Director     For       For        Management
7     Elect Gill Rider as Director              For       For        Management
8     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 15,309,688
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 2,296,682
12    Authorise 24,787,640 Ordinary Shares for  For       For        Management
      Market Purchase
13    Authorise the Company to Make Donations   For       For        Management
      to EU Political Organisations up to GBP
      20,000 and to Incur EU Political
      Expenditure up to GBP 20,000
14    Authorise De La Rue International Limited For       For        Management
      to Make Donations to EU Political
      Organisations up to GBP 20,000 and to
      Incur EU Political Expenditure up to GBP
      20,000
15    Authorise De La Rue Holdings Plc to Make  For       For        Management
      Donations to EU Political Organisations
      up to GBP 20,000 and to Incur EU
      Political Expenditure up to GBP 20,000
16    Authorise De La Rue Cash Systems NV to    For       For        Management
      Make Donations to EU Political
      Organisations up to GBP 10,000 and to
      Incur EU Political Expenditure up to GBP
      10,000
17    Authorise De La Rue Smurfit Limited to    For       For        Management
      Make Donations to EU Political
      Organisations up to GBP 10,000 and to
      Incur EU Political Expenditure up to GBP
      10,000
18    Authorise De La Rue Cash System S.A. to   For       For        Management
      Make Donations to EU Political
      Organisations up to GBP 10,000 and to
      Incur EU Political Expenditure up to GBP
      10,000
19    Authorise De La Rue Cash Systems GmbH to  For       For        Management
      Make Donations to EU Political
      Organisations up to GBP 10,000 and to
      Incur EU Political Expenditure up to GBP
      10,000
20    Authorise De La Rue BV to Make Donations  For       For        Management
      to EU Political Organisations up to GBP
      10,000 and to Incur EU Political
      Expenditure up to GBP 10,000
21    Authorise De La Rue Systems S.A. to Make  For       For        Management
      Donations to EU Political Organisations
      up to GBP 10,000 and to Incur EU
      Political Expenditure up to GBP 10,000
22    Authorise De La Rue Cash Systems AB to    For       For        Management
      Make Donations to EU Political
      Organisations up to GBP 10,000 and to
      Incur EU Political Expenditure up to GBP
      10,000
23    Authorise De La Rue Currency and Security For       For        Management
      Print Limited to Make Donations to EU
      Political Organisations up to GBP 10,000
      and to Incur EU Political Expenditure up
      to GBP 10,000
24    Authorise De La Rue Systems               For       For        Management
      Automatizacao, S.A. to Make Donations to
      EU Political Organisations up to GBP
      10,000 and to Incur EU Political
      Expenditure up to GBP 10,000


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

DEVRO PLC

Ticker:       DVO            Security ID:  GB0002670437
Meeting Date: MAY 3, 2007    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 Pat Barrett as Director          For       Against    Management
4     Re-elect Graeme Alexander as Director     For       For        Management
5     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
6     Approve Remuneration Report               For       For        Management
7     Authorise 16,000,000 Ordinary Shares for  For       For        Management
      Market Purchase


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

ELTEK ASA

Ticker:                      Security ID:  NO0003109407
Meeting Date: AUG 10, 2006   Meeting Type: Special
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     Issue 17.5 Million Shares in Connection   For       For        Management
      with Merger Between Eltek ASA and Nera
      ASA
5     Elect Erik Thorsen, Stein Stroemmen, Arve For       For        Management
      Johansen, William Crown, Susanne Tore,
      and Susan Swenson as Directors
6     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
7     Approve Creation of NOK 6 Million Pool of For       For        Management
      Capital without Preemptive Rights


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

ENIRO AB

Ticker:                      Security ID:  SE0000718017
Meeting Date: MAR 30, 2007   Meeting Type: Annual
Record Date:  MAR 23, 2007

#     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 Board's and Committees' 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 4.4 per Share
10c   Approve Discharge of Board and President  For       Abstain    Management
11    Determine Number of Members (7) and       For       For        Management
      Deputy Members (0) of Board
12    Approve Remuneration of Directors in the  For       For        Management
      Amount of SEK 1 Million for Chairman and
      SEK 420,000 for Other Directors; Approve
      Remuneration of Committee Members of SEK
      75,000 and SEK 150,000 for Audit
      Committee Chairman
13    Reelect Lars Berg (Chairman), Per         For       For        Management
      Bystedt, Barbara Donoghue, Tomas Franzen,
      Gunilla Fransson, and Luca Majocchi as
      Directors; Elect Harald Stroemme as New
      Member
14    Amend Articles Re: Allow Collection of    For       For        Management
      Proxies at Company's Expense
15    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
16    Approve SEK 2.15 Billion Reduction in     For       For        Management
      Statutory Reserves
17    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
18    Elect Members of Nominating Committee     For       Abstain    Management
19    Other Business (Non-Voting)               None      None       Management
20    Close Meeting                             None      None       Management


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

FISHER & PAYKEL HEALTHCARE CORP (FRMLY FISHER & PAYKEL )

Ticker:                      Security ID:  NZFAPE0001S2
Meeting Date: AUG 24, 2006   Meeting Type: Annual
Record Date:  AUG 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Colin J. Maiden as Director         For       For        Management
2     Elect W. Lindsay Gillanders as Director   For       For        Management
3     Approve PricewaterhouseCoopers as         For       For        Management
      Auditors and Authorize Board to Fix Their
      Remuneration
4     Approve Grant of 180,000 Options to       For       For        Management
      Michael Daniell, Managing Director &
      Chief Executive Officer, Pursuant to the
      Fisher & Paykel Healthcare 2003 Share
      Option Plan


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

FKI PLC

Ticker:                      Security ID:  GB0003294591
Meeting Date: AUG 1, 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 3 Pence Per     For       For        Management
      Ordinary Share
4     Elect David Pearl as Director             For       For        Management
5     Elect Richard Case as Director            For       For        Management
6     Re-elect Sir Michael Hodgkinson as        For       For        Management
      Director
7     Re-elect Reginald Gott 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
      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 26, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 23
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Authorize Public Announcements in
      Electronic Format
3     Elect Director                            For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


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

GALENICA AG (FOMERLY GALENICA HOLDING AG)

Ticker:                      Security ID:  CH0015536466
Meeting Date: MAY 24, 2007   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 per Share
4.1.1 Reelect Kurt Briner as Director           For       For        Management
4.1.2 Reelect Carl Meyer as Director            For       For        Management
4.1.3 Reelect This Schneider as Director        For       For        Management
4.2   Ratify Ernst & Young AG as Auditors       For       For        Management


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

GFK AG

Ticker:                      Security ID:  DE0005875306
Meeting Date: MAY 23, 2007   Meeting Type: Annual
Record Date:  MAY 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2006
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.36 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2006
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2006
5     Ratify KPMG Deutsche                      For       For        Management
      Treuhand-Gesellschaft AG as Auditors for
      Fiscal 2007
6     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
7     Approve Affiliation Agreement with        For       For        Management
      Subsidiary GfK Vierte
      Vermoegensverwaltungs GmbH (i.Gr.)
8     Approve Creation of EUR 55 Million Pool   For       Against    Management
      of Capital without Preemptive Rights
9     Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached up to
      Aggregate Nominal Amount of EUR 250
      Million without Preemptive Rights;
      Approve Creation of EUR 21.3 Million Pool
      of Capital to Guarantee Conversion Rights
10    Amend Articles Re: Allow Electronic       For       For        Management
      Distribution of Company Communications


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

GL TRADE

Ticker:                      Security ID:  FR0000072084
Meeting Date: DEC 15, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize Share Repurchase of Up to Ten   For       For        Management
      Percent of Issued Share Capital
2     Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

GL TRADE

Ticker:                      Security ID:  FR0000072084
Meeting Date: JUN 20, 2007   Meeting Type: Annual
Record Date:  JUN 15, 2007

#     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 1.10 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Decision not to Renew Terms of Primary    For       For        Management
      Auditors
6     Ratify PricewaterhouseCoopers and         For       For        Management
      Continentale d'Audit as Primary Auditors
7     Decision not to Renew Terms of Alternate  For       For        Management
      Auditors
8     Ratify Etienne Boris and ATD France as    For       For        Management
      Alternate Auditors
9     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, 2007   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    Reelect JE Callaghan as Director          For       For        Management
3b    Reelect CL Hill as Director               For       For        Management
3c    Reelect JJ Moloney as Director            For       For        Management
3d    Reelect WG Murphy as Director             For       For        Management
3e    Reelect M Parsons as Director             For       For        Management
4a    Reelect L Herlihy as Director             For       Against    Management
4b    Reelect JV Quinlan as Director            For       For        Management
4c    Reelect MJ Walsh as Director              For       For        Management
5a    Reelect P Gleeson as Director             For       For        Management
5b    Reelect Mn Keane as Director              For       For        Management
6     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights Up to EUR 765,678.96
8     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights Up to Approximately 4.4
      Percent of Issued Share Capital
9     Authorize Share Repurchase up to 10       For       For        Management
      Percent of Issued Share Capital
10    Re-Issue Price Range of Treasury Shares   For       For        Management


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

GOODMAN FIELDER LTD.

Ticker:       GFF            Security ID:  AU000000GFF8
Meeting Date: NOV 15, 2006   Meeting Type: Annual
Record Date:  NOV 13, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for the Financial Year
      Ended June 30, 2006
2     Elect Max Ould as Director                For       For        Management
3     Elect Hugh Perrett as Director            For       For        Management
4     Adopt Remuneration Report for the         For       For        Management
      Financial Year Ended June 30, 2006
5     Approve KPMG as Auditors and Authorize    For       For        Management
      Board to Fix Their Remuneration


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

HURXLEY CORP

Ticker:       7561           Security ID:  JP3765100007
Meeting Date: JUN 27, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 20
2     Amend Articles to: Clarify Director       For       For        Management
      Authorities
3     Elect Director                            For       For        Management
4.1   Appoint Internal Statutory Auditor        For       For        Management
4.2   Appoint Internal Statutory Auditor        For       Against    Management
4.3   Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Retirement Bonuses for Director   For       For        Management
      and Statutory Auditor


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

ICADE

Ticker:                      Security ID:  FR0010308841
Meeting Date: APR 12, 2007   Meeting Type: Annual/Special
Record Date:  APR 6, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
3     Approve Discharge of Board and President  For       Abstain    Management
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.35 per Share
5     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
6     Ratify Pascal Duhamel as Director         For       Against    Management
7     Acknowledge Co-Option of Francis Mayer as For       For        Management
      Director
8     Ratify Dominique Marcel as Director       For       Against    Management
9     Elect Thomas Francis Gleeson as Director  For       Against    Management
10    Change Location of Registered Office to   For       For        Management
      35, rue de la Gare - 75019 Paris
11    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
12    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 200,000
13    Amend Articles Board Related: Age Limit   For       For        Management
      for Board Members
14    Amend Articles of Association Re: Record  For       For        Management
      Date
15    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
16    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

INFOMEDIA

Ticker:                      Security ID:  AU000000IFM0
Meeting Date: OCT 26, 2006   Meeting Type: Annual
Record Date:  OCT 24, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for the Fiscal Year Ended June
      30, 2006
2     Approve Remuneration Report for the       For       For        Management
      Fiscal Year Ended June 30, 2006
3     Elect Frances Hernon as Director          For       For        Management
4     Elect Geoffrey Henderson as Director      For       For        Management


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

INTERPUMP GROUP SPA

Ticker:                      Security ID:  IT0001078911
Meeting Date: APR 16, 2007   Meeting Type: Annual/Special
Record Date:  APR 12, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Company's Bylaws (Articles 14 and   For       For        Management
      19) to Comply with the Italian Law
      262/2005 and the Legislative Decree
      303/2006, and with the Italian Corporate
      Governance Code
2     Integrate Art. 14 with regards to the     For       For        Management
      Election of Directors in Subsidiaries
3     Integrate Art. 15 (Board of Directors) to For       For        Management
      Foresee the Constitution of a
      Remuneration Committee and Internal
      Control Committee
1     Accept Financial Statements and Statutory For       For        Management
      Reports for the Fiscal Year 2006
2     Approve Remuneration of Directors for the For       For        Management
      Fiscal Year 2007
3     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
4     Extend External Auditors' Mandate for the For       For        Management
      Six-Year term 2008-2013


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

INTERPUMP GROUP SPA

Ticker:                      Security ID:  IT0001078911
Meeting Date: JUN 25, 2007   Meeting Type: Special
Record Date:  JUN 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 14 and 19 of the Company's For       For        Management
      Bylaws to Comply with the Italian Law
      262/2005 and with the Legislative Decree
      303/2006
2     Amend Article 14 of the Company' Bylaws   For       For        Management
3     Amend Article 15 of the Company' Bylaws   For       For        Management


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

IPSEN

Ticker:                      Security ID:  FR0010259150
Meeting Date: JUN 6, 2007    Meeting Type: Annual/Special
Record Date:  JUN 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    Management
      Statutory Reports
2     Accept Consolidated Financial Statements  For       Abstain    Management
      and Statutory Reports
3     Approve Special Auditors' Report          For       Abstain    Management
      Regarding Related-Party Transactions
4     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.60 per Share
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 15 Million
7     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 15 Million
8     Authorize Board to Increase Capital in    For       For        Management
      the Event of Additional Demand Related to
      Delegations Submitted to Shareholder
      Votes Above
9     Authorize Capital Increase of up to 10    For       For        Management
      Percent of Issued Capital for Future
      Acquisitions
10    Approve Employee Savings-Related Share    For       Against    Management
      Purchase Plan
11    Authorize up to 1 Percent of Issued       For       For        Management
      Capital for Use in Restricted Stock Plan
12    Amend Articles of Association Re: Record  For       For        Management
      Date
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

ITO EN LTD.

Ticker:       2593           Security ID:  JP3143000002
Meeting Date: JUL 27, 2006   Meeting Type: Annual
Record Date:  APR 30, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim
      (Pre-Split) JY 35, Final (Post-Split) JY
      22, Special JY 0
2     Amend Articles to: Expand Business Lines  For       For        Management
      - Increase Authorized Capital - Increase
      Number of Internal Auditors - 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
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
3.22  Elect Director                            For       For        Management
3.23  Elect Director                            For       For        Management
3.24  Elect Director                            For       For        Management
4     Approve Deep Discount Stock Option Plan   For       Against    Management
      for Directors of Ito-En
5     Approve Deep Discount Stock Option Plan   For       Against    Management
      for Directors of Subsidiaries


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

IWKA AG

Ticker:                      Security ID:  DE0006204407
Meeting Date: MAY 16, 2007   Meeting Type: Annual
Record Date:  APR 25, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2006
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2006
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2006
4     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
5     Amend Articles Re: Change Company Name to For       For        Management
      KUKA AG; Change Location of Headquarters
      to Augsburg, Germany
6     Ratify Ernst & Young AG as Auditors for   For       For        Management
      Fiscal 2007


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

JAPAN SECURITIES FINANCE CO. LTD.

Ticker:       8511           Security ID:  JP3714400003
Meeting Date: JUN 27, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 14
2     Approve Payment of Annual Bonuses to      For       For        Management
      Directors
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


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

JOHN FAIRFAX HOLDINGS LIMITED

Ticker:       FXJ            Security ID:  AU000000FXJ5
Meeting Date: NOV 10, 2006   Meeting Type: Annual
Record Date:  NOV 8, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for the Year Ended June
      30, 2006
2a    Elect Ronald Walker as Director           For       For        Management
2b    Elect Roger Corbett as Director           For       For        Management
3     Approve Remuneration Report for the Year  For       Against    Management
      Ended June 30, 2006
4     Amend Constitution Re: Electronic Proxies For       For        Management
5a    Change Company Name to Fairfax Media      For       For        Management
      Limited
5b    Amend Constitution Re: Change in Company  For       For        Management
      Name


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

K+S AG

Ticker:                      Security ID:  DE0007162000
Meeting Date: MAY 9, 2007    Meeting Type: Annual
Record Date:  APR 18, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2006
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2006
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2006
5     Ratify Deloitte & Touche GmbH as Auditors For       For        Management
      for Fiscal 2007
6     Elect Ralf Bethke to the Supervisory      For       For        Management
      Board
7     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
8     Amend Articles Re: Allow Electronic       For       For        Management
      Distribution of Company Communications


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

KERRY GROUP PLC

Ticker:                      Security ID:  IE0004906560
Meeting Date: MAY 18, 2007   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
3ai   Elect Denis Buckley as Director           For       For        Management
3aii  Elect Michael Dowling as Director         For       For        Management
3aiii Elect Eugene McSweeney as Director        For       For        Management
3bi   Elect Brian Mehigan as Director           For       For        Management
3bii  Elect Flor Healy as Director              For       Against    Management
3biii Elect Desmond O'Connor as Director        For       For        Management
3biv  Elect Michael J. Sullivan as Director     For       Against    Management
3ci   Elect James O'Connell as Director         For       For        Management
3cii  Elect Michael O'Connor as Director        For       For        Management
3ciii Elect Gerard O'Hanlon as Director         For       For        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 up to the Authorized But Unissued
      A Ordinary Share Capital
6     Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Five Percent of
      the Issued A Ordinary Share Capital
7     Authorize Share Repurchase of up to Five  For       For        Management
      Percent of the Issued A Ordinary Share
      Capital


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

LEM HOLDING SA

Ticker:                      Security ID:  CH0022427626
Meeting Date: JUN 29, 2007   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       For        Management
      Dividends
3     Approve Discharge of Board and Senior     For       For        Management
      Management
4     Approve CHF 25,000 Reduction in Share     For       For        Management
      Capital via Cancellation of 50,000
      Repurchased Shares
5     Amend Articles Re: Mandatory Retirement   For       For        Management
      Policy for Board Members
6.1.1 Reelect Felix Bagdasarjanz as Director    For       For        Management
6.1.2 Reelect Fritz Fahrni as Director          For       For        Management
6.1.3 Reelect Anton Lauber as Director          For       For        Management
6.1.4 Reelect Peter Rutishauser as Director     For       For        Management
6.2   Elect Ueli Wampfler as Director           For       For        Management
7     Ratify Ernst & Young as Auditors          For       For        Management
8     Transact Other Business (Non-Voting)      None      None       Management


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

LUMINAR PLC

Ticker:                      Security ID:  GB0005382444
Meeting Date: JUL 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 10.74 Pence Per For       For        Management
      Ordinary Share
4     Elect Nick Beighton as Director           For       For        Management
5     Re-elect Keith Hamill 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
      Auditors
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,037,035
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 914,702
10    Authorise 7,317,618 Ordinary Shares for   For       For        Management
      Market Purchase


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

LUMINAR PLC

Ticker:                      Security ID:  GB0005382444
Meeting Date: JAN 8, 2007    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Sale of the Business and Assets   For       For        Management
      of the Nightclubs and Bars Branded as
      Chicago Rock Cafe and Jumpin Jaks, 31
      Unbranded Nightclub and Bar Businesses,
      19 Freehold Properties and 1 Long
      Leasehold Property Used by Such
      Businesses


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

MABUCHI MOTOR CO. LTD.

Ticker:       6592           Security ID:  JP3870000001
Meeting Date: MAR 29, 2007   Meeting Type: Annual
Record Date:  DEC 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim Ordinary
      JY 30, Interim Special JY 21, Final
      Ordinary JY 30, Final Special JY 33
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 - 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
4     Approve Retirement Bonuses for Directors  For       For        Management
5     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


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

MACINTOSH RETAIL GROUP NV (FORMERLY MACINTOSH NV)

Ticker:                      Security ID:  NL0000367993
Meeting Date: APR 24, 2007   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2.a   Receive Report of Management Board        None      None       Management
2.b   Receive Report of Supervisory Board       None      None       Management
3.a   Approve Financial Statements and          For       For        Management
      Statutory Reports
3.b   Approve Allocation of Income and          For       For        Management
      Dividends
3.c   Approve Discharge of Management Board     For       For        Management
3.d   Approve Discharge of Supervisory Board    For       For        Management
4.a   Receive Information on Vacancies          None      None       Management
4.b   Receive Information on Profile            None      None       Management
4.c   Possibility to Do Recommendations         None      None       Management
4.d   Receive Further Information by            None      None       Management
      Supervisory Board
4.e   Elect W. Dekker to Supervisory Board      For       For        Management
5     Receive Notification on the Nomination of None      None       Management
      Mr. Strijbos and Mr. Coorens to the
      Management Board
6.a   Grant Board Authority to Issue Shares     For       For        Management
6.b   Authorize Board to Exclude Preemptive     For       For        Management
      Rights from Issuance Under Item 6.a
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Other Business (Non-Voting)               None      None       Management


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

MARS ENGINEERING

Ticker:       6419           Security ID:  JP3860220007
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 20


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

MEGGITT PLC

Ticker:       MGGT           Security ID:  GB0005758098
Meeting Date: MAR 27, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of K & F Industries   For       For        Management
      Holdings, Inc.; Approve Increase in
      Authorised Capital from GBP 32,000,000 to
      GBP 44,250,000; Authorise Issue of Equity
      with Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 18,135,437


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

MEGGITT PLC

Ticker:       MGGT           Security ID:  GB0005758098
Meeting Date: APR 26, 2007   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 6.00 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect Stephen Young as Director        For       For        Management
5     Re-elect Philip Green as Director         For       For        Management
6     Re-elect Peter Hill as Director           For       For        Management
7     Re-elect Alan Cox as Director             For       For        Management
8     Elect David Williams 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
      Auditors
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 7,272,000
12    Subject to the Passing of Resolution 11,  For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,090,000
13    Authorise the Company to Make EU          For       For        Management
      Political Organisatin Donations and to
      Incur EU Political Expenditure up to GBP
      50,000
14    Authorise Dunlop Aerospace Limited to     For       For        Management
      Make EU Political Organisatin Donations
      and to Incur EU Political Expenditure up
      to GBP 50,000
15    Authorise Meggitt (UK) Limited to Make EU For       For        Management
      Political Organisatin Donations and to
      Incur EU Political Expenditure up to GBP
      50,000
16    Authorise Meggitt Defence Systems Limited For       For        Management
      to Make EU Political Organisatin
      Donations and to Incur EU Political
      Expenditure up to GBP 50,000
17    Authorise Navarra de Componentes          For       For        Management
      Electronicos SA to Make EU Political
      Organisatin Donations and to Incur EU
      Political Expenditure up to GBP 50,000
18    Authorise Vibro-Meter France SAS to Make  For       For        Management
      EU Political Organisatin Donations and to
      Incur EU Political Expenditure up to GBP
      50,000
19    Authorise Sensorex to Make EU Political   For       For        Management
      Organisatin Donations and to Incur EU
      Political Expenditure up to GBP 50,000
20    Amend Articles of Association Re:         For       For        Management
      Authorise the Company to Use Electronic
      Communication with Shareholder


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

MELCO HOLDINGS INC.

Ticker:       6676           Security ID:  JP3921080002
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 15
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
3     Approve Retirement Bonus for Director     For       For        Management
4     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

MICRONIC LASER SYSTEMS AB

Ticker:                      Security ID:  SE0000375115
Meeting Date: MAR 29, 2007   Meeting Type: Annual
Record Date:  MAR 23, 2007

#     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 President's Report                None      None       Management
7     Receive Financial Statements and          None      None       Management
      Statutory Reports
8     Approve Financial Statements and          For       For        Management
      Statutory Reports
9     Approve Allocation of Income              For       For        Management
10    Approve Discharge of Board and President  For       For        Management
11    Reelect Joergen Centerman, Sven           For       For        Management
      Loefquist, Goeran Malm, Lars Nyberg
      (Chairman), Lena Thorell, and Christer
      Zetterberg (Vice-chairman) as Directors;
      Elect Sigrun Hjelmquist and Magnus
      Lindquist as New Directors
12    Approve Aggregate Remuneration of Board   For       For        Management
      in the Amount SEK 1.78 Million; Approve
      Aggregate Remuneration of Audit Committee
      in the Amount SEK 350,000; Approve
      Supplemental Remuneration of Chairman;
      Approve Remuneration of Auditors
13    Approve Stock Option Plan for Employees;  For       For        Management
      Approve Issuance of 1.54 Million Warrants
      to Guarantee Conversion Rights
14    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management; Amend Articles Accordingly


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

MILBON CO., LTD.

Ticker:       4919           Security ID:  JP3910650005
Meeting Date: MAR 19, 2007   Meeting Type: Annual
Record Date:  DEC 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       For        Management
      the Following Dividends: Interim JY 26,
      Final JY 26, Special JY 0
2     Amend Articles to: Authorize Public       For       Against    Management
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Limit
      Liability of Directors and Statutory
      Auditors - Limit Liability of Audit Firm
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       For        Management
5     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
6     Approve Special Payments to Continuing    For       For        Management
      Directors and Statutory Auditor in
      Connection with Abolition of Retirement
      Bonus System
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors


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

MIQUEL Y COSTAS & MIQUEL, SA

Ticker:       MCM            Security ID:  ES0164180012
Meeting Date: JUN 25, 2007   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 12-31-06
2     Approve Discharge of Directors            For       For        Management
3     Elect and Reelect Directors and Ratify    For       For        Management
      Jordi Nadal Pallejero
4     Reelect Auditors                          For       For        Management
5     Authorize Capitalization of Reserves for  For       For        Management
      a Bonus Issue
6     Amend Articles 4, 7, 8, and 13 of the     For       For        Management
      General Shareholder Meeting Guidelines
7     Authorize Share Repurchase Program        For       For        Management
8     Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions
9     Designate Two Shareholders to Approve and For       For        Management
      Sign Minutes of Meeting


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

MTU AERO ENGINES HOLDING AG

Ticker:                      Security ID:  DE000A0D9PT0
Meeting Date: APR 27, 2007   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          For       For        Management
      Statutory Reports for Fiscal 2006
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.82 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2006
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2006
5     Elect Klaus Eberhardt to the Supervisory  For       For        Management
      Board
6     Ratify Deloitte & Touche GmbH as Auditors For       For        Management
      for Fiscal 2007
7     Amend Articles Re: Allow Electronic       For       For        Management
      Distribution of Company Communications
8     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares


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

MYOB LIMITED

Ticker:                      Security ID:  AU000000MYO9
Meeting Date: APR 27, 2007   Meeting Type: Annual
Record Date:  APR 25, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory None      None       Management
      Reports for the Year Ended Dec 31, 2006
2     Elect John Stewart as Director            For       For        Management
3     Approve Remuneration Report for the Year  For       For        Management
      Ended Dec 31, 2006


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

NAKANISHI INC.

Ticker:       7716           Security ID:  JP3642500007
Meeting Date: MAR 28, 2007   Meeting Type: Annual
Record Date:  DEC 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, Including   For       Against    Management
      the Following Dividends: Interim JY 0,
      Final JY 70, Special JY 0
2     Amend Articles to: Authorize Public       For       Against    Management
      Announcements in Electronic Format -
      Limit Rights of Odd-lot Holders - Limit
      Liability of Directors, Statutory
      Auditors and External Audit Firm
3     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
4     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
5     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors


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

NEOPOST

Ticker:                      Security ID:  FR0000120560
Meeting Date: JUL 5, 2006    Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Acknowledge Material Error and Decide to  For       For        Management
      Correct the Situation by Withdrawing an
      Amount of EUR 27,895 from Retained
      Earnings Account
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 3 per Share
4     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports
5     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
6     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 230,000
7     Reelect Henk Bodt as Director             For       For        Management
8     Reelect Eric Licoys as Director           For       For        Management
9     Reelect Bernard Bourigeaud as Director    For       For        Management
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Amend Articles of Association Re:         For       For        Management
      Attendance of Board Meetings through
      Videoconference or Telecommunication
12    Authorize Issuance of Equity with         For       For        Management
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 5 million
13    Authorize Board to Increase Capital in    For       For        Management
      the Event of Additional Demand Relating
      to Delegation Submitted to Shareholder
      Vote Above
14    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 30 Million for Bonus Issue or
      Increase in Par Value
15    Authorize Capital Increase of up to 10    For       For        Management
      Percent of Issued Capital for Future
      Acquisitions
16    Authorize Capital Increase for Future     For       For        Management
      Exchange Offers
17    Approve Employee Savings-Related Share    For       For        Management
      Purchase Plan
18    Authorize up to One Percent of Issued     For       For        Management
      Capital for Use in Restricted Stock Plan
19    Approve Stock Option Plans Grants         For       For        Management
20    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
21    Approve Issuance of Securities            For       For        Management
      Convertible into Debt
22    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

NEXANS

Ticker:                      Security ID:  FR0000044448
Meeting Date: MAY 10, 2007   Meeting Type: Annual/Special
Record Date:  MAY 7, 2007

#     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 1.20 per Share
4     Approve Special Auditors' Report          For       Against    Management
      Regarding Related-Party Transactions
5     Reelect Gianpaolo Caccini as Director     For       For        Management
6     Reelect Jean-Marie Chevalier as Director  For       For        Management
7     Reelect Georges Chodron de Courcel as     For       Against    Management
      Director
8     Reelect Jacques Garaialde as Director     For       For        Management
9     Reelect Ervin Rosenberg as Director       For       For        Management
10    Elect Jerome Gallot as Director           For       For        Management
11    Elect Jean-Louis Gerondeau as Director    For       For        Management
12    Elect Nicolas de Tavernost as Director    For       For        Management
13    Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
14    Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
15    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 10 Million
16    Authorize Issuance of Convertible Bonds   For       Against    Management
      without Preemptive Rights
17    Authorize Board to Increase Capital in    For       Against    Management
      the Event of Additional Demand Related to
      Delegation Submitted to Shareholder Vote
      Above
18    Authorize Capital Increase of up to 10    For       For        Management
      Percent of Issued Capital for Future
      Acquisitions
19    Authorize Capitalization of Reserves of   For       For        Management
      Up to EUR 10 Million for Bonus Issue or
      Increase in Par Value
20    Approve Employee Savings-Related Share    For       For        Management
      Purchase Plan
21    Approve Stock Option Plans Grants         For       For        Management
22    Authorize up to EUR 500,000 of Issued     For       For        Management
      Capital for Use in Restricted Stock Plan
23    Amend Articles of Association Re: Record  For       For        Management
      Date
24    Amend Articles of Association Re: Voting  For       For        Management
      Rights
25    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

NIHON MICRO COATING CO., LTD.

Ticker:       5381           Security ID:  JP3751300009
Meeting Date: JUN 21, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 9
2     Elect Director                            For       For        Management
3     Appoint Internal Statutory Auditor        For       For        Management
4     Approve Stock Option Plan for Directors   For       For        Management
5     Approve Executive Stock Option Plan       For       For        Management


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

NIHON TRIM

Ticker:       6788           Security ID:  JP3739700007
Meeting Date: JUN 27, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 50
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
3     Approve Retirement Bonuses for Directors  For       For        Management
4     Approve Stock Option Plan for Directors   For       Against    Management


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

NIPPON RESTAURANT SYSTEM INC.

Ticker:       2775           Security ID:  JP3755900002
Meeting Date: AUG 29, 2006   Meeting Type: Annual
Record Date:  MAY 31, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends: Interim JY 10, Final   For       For        Management
      JY 12, 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 - Limit Liability of
      Statutory Auditors
3.1   Elect Director                            For       For        Management
3.2   Elect Director                            For       For        Management
4     Appoint Internal Statutory Auditor        For       Against    Management
5     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors


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

NIPPON RESTAURANT SYSTEM INC.

Ticker:       2775           Security ID:  JP3755900002
Meeting Date: JUN 28, 2007   Meeting Type: Special
Record Date:  MAY 14, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Formation of Joint Holding        For       For        Management
      Company with Doutor Coffee Co.


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

NISSHA PRINTING CO. LTD.

Ticker:       7915           Security ID:  JP3713200008
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 23
2     Amend Articles to: Reduce Directors Term  For       For        Management
      in Office - Limit Directors' Legal
      Liability
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     Appoint Internal Statutory Auditor        For       For        Management
5     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
6     Approve Retirement Bonuses for Directors  For       For        Management
7     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
8     Approve Payment of Annual Bonuses to      For       For        Management
      Directors
9     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
10    Amend Articles to: Allow the Company to   For       Against    Management
      Adopt Takeover Defense with Shareholder
      Approval
11    Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill)


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

NORSKE SKOGINDUSTRIER ASA

Ticker:                      Security ID:  NO0004135633
Meeting Date: APR 12, 2007   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
      Allocation of Dividends of NOK 5.50 per
      Share
3     Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
4     Approve NOK 7 Billion Transfer from Share For       For        Management
      Premium Account to Unrestricted
      Shareholders' Equity
5     Approve Demerger of Norske Skogindustrier For       For        Management
      ASA; Approve Various Share Capital
      Increases/Decreases in Connection With
      Demerger
6     Declassify the Board of Directors         For       For        Management
7     Approve Remuneration of Members of        For       For        Management
      Corporate Assembly
8     Approve Remuneration of Auditors          For       For        Management
9     Reelect Idar Kreutzer, Helge Evju, Ann    For       For        Management
      Kristin Brautaset, Kirsten C. Ideboeen,
      and Turid Fluge Svenneby as Members of
      Corporate Assembly; Elect Oeyvind
      Birkeland as New Member of Corporate
      Assembly; Elect Deputy Members
10    Reelect Ole H Bakke and Gunn Waersted as  For       For        Management
      Members of Nominating Committee, Elect
      Idar Kreutzer as New Member of Nominating
      Committee
11    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUL 7, 2006    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Cancel Company Treasury Shares            For       Did Not    Management
                                                          Vote
1.2   Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
1.3   Authorize Implementation of Approved      For       Did Not    Management
      Resolutions and Filing of Required                  Vote
      Documents/Formalities at Trade Registry
2.1   Receive Special Report of the Board of    None      Did Not    Management
      Directors on the Authorized Capital                 Vote
2.2   Approve Issuance of Equity or             For       Did Not    Management
      Equity-Linked Securities without                    Vote
      Preemptive Rights
2.3   Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
3     Amend Articles to Decrease the Term of    For       Did Not    Management
      Board Mandates                                      Vote
4.1   Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
4.2   Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
5     Amend Articles Re: Numbering of Articles  For       Did Not    Management
                                                          Vote


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JAN 12, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles Re Board Size              For       Did Not    Management
                                                          Vote
2     Elect Jan Cassiman BVBA with              For       Did Not    Management
      representative Jan Cassiman and Gerardus            Vote
      Van Jeveren as Directors
3     Approve Retirement of Jan Peeters as      For       Did Not    Management
      Director (Non-contentious)                          Vote
4     Authorize Coordination of Articles of     For       Did Not    Management
      Association; Grant Power of Attorney to             Vote
      Notary


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: MAR 9, 2007    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Cancel Company Treasury Shares            For       Did Not    Management
                                                          Vote
1.2   Amend Articles to Reflect Changes in      For       Did Not    Management
      Capital                                             Vote
1.3   Authorize Implementation of Approved      For       Did Not    Management
      Resolutions and Filing of Required                  Vote
      Documents/Formalities at Trade Registry
2     Authorize Notary to Coordinate Articles   For       Did Not    Management
      of Association                                      Vote


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

OMEGA PHARMA

Ticker:                      Security ID:  BE0003785020
Meeting Date: JUN 4, 2007    Meeting Type: Annual/Special
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 0.40 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
6.1   Elect Marc Coucke as Director             For       Did Not    Management
                                                          Vote
6.2   Elect Couckinvest as Director             For       Did Not    Management
                                                          Vote
6.3   Elect Sam Sabbe BVBA as Director          For       Did Not    Management
                                                          Vote
7     Appoint Independent Directors             For       Did Not    Management
                                                          Vote
8     Approve Remuneration of Directors         For       Did Not    Management
                                                          Vote
9     Approve Special Clauses regarding         For       Did Not    Management
      Facility Agreement in the Event of a                Vote
      Change of Control
10    Discussion on Company's Corporate         None      Did Not    Management
      Governance Structure                                Vote
11    Transact Other Business                   None      Did Not    Management
                                                          Vote
1     Amend Articles Regarding the Elimination  For       Did Not    Management
      of Bearer Shares                                    Vote
2     Change Date of Annual Meeting             For       Did Not    Management
                                                          Vote
3     Authorize Repurchase of Up to Ten Percent For       Did Not    Management
      of Issued Share Capital                             Vote
4     Coordination of Articles of Association   For       Did Not    Management
                                                          Vote


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

PACIFIC BRANDS LTD

Ticker:       PBG            Security ID:  AU000000PBG6
Meeting Date: OCT 24, 2006   Meeting Type: Annual
Record Date:  OCT 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for the Fiscal Year
      Ended June 30, 2006
2     Elect Max Ould as Director                For       For        Management
3     Adopt Remuneration Report for the Fiscal  For       For        Management
      Year Ended June 30, 2006
4     Approve the Grant of 122,093 Performance  For       For        Management
      Rights to Paul Moore, Chief Executive
      Officer, Pursuant to the Performance
      Rights Plan
5     Approve the Grant of 48,837 Performance   For       For        Management
      Rights to Stephen Tierney, Group General
      Manager, Pursuant to the Performance
      Rights Plan


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

PATLITE CORPORATION

Ticker:       6825           Security ID:  JP3781500008
Meeting Date: JUN 27, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 15
2     Amend Articles to: Change Location of     For       For        Management
      Head Office
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
4.1   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 Auditor


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

PREMIER FOODS PLC

Ticker:                      Security ID:  GB00B01QLV45
Meeting Date: AUG 14, 2006   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Subject to and Conditional Upon the       For       For        Management
      Underwriting Agreement Having Become
      Unconditional, Approve Increase in
      Authorised Capital to GBP 10,000,000;
      Issue Equity with Rights up to GBP
      2,600,000 (Rights Issue); Otherwise up to
      GBP 826,179
2     Approve Acquisition of Campbell Grocery   For       For        Management
      Products Limited, Campbell Soup Ireland
      Limited and Certain Intellectual Property
      Rights; Authorise the Directors to Do All
      Things Necessary in Connection with the
      Acquisition


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

PREMIER FOODS PLC

Ticker:                      Security ID:  GB00B01QLV45
Meeting Date: FEB 15, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Acquisition of RHM Plc            For       For        Management
2     Subject to the Scheme Becoming Effective, For       For        Management
      Approve Increase in Authorised Capital
      from GBP 10,000,000 to GBP 15,000,000;
      Authorise Issue of Equity or
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 3,600,000
3     Approve Premier Foods Co-Investment Plan  For       For        Management
      2007


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

PREMIER FOODS PLC

Ticker:                      Security ID:  GB00B01QLV45
Meeting Date: MAY 10, 2007   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 2.55 Pence Per  For       For        Management
      Ordinary Share
3     Approve Remuneration Report               For       For        Management
4     Elect Louise Makin as Director            For       For        Management
5     Re-elect David Felwick as Director        For       For        Management
6     Re-elect Ian McHoul as Director           For       For        Management
7     Reappoint PricewaterhouseCoopers LLP as   For       For        Management
      Auditors and Authorise the Board to
      Determine Their Remuneration
8     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,813,418
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 422,013


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

PRONEXUS INC. (FORMERLY ASIA SECURITIES PRINTING)

Ticker:       7893           Security ID:  JP3119000002
Meeting Date: JUN 21, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 11
2     Amend Articles to: Limit Liability of     For       For        Management
      Statutory Auditors - Authorize Internet
      Disclosure of Shareholder Meeting
      Materials
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     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

RAMSAY HEALTH CARE LIMITED

Ticker:       RHC            Security ID:  AU000000RHC8
Meeting Date: NOV 22, 2006   Meeting Type: Annual
Record Date:  NOV 20, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for the Financial Year
      Ended June 30, 2006
2     Adopt Remuneration Report for the         For       For        Management
      Financial Year Ended June 30, 2006
3.1   Elect Paul Joseph Ramsay as Director      For       For        Management
3.2   Elect Michael Stanley Siddle as Director  For       For        Management


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

RENGO CO. LTD.

Ticker:       3941           Security ID:  JP3981400009
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles to: Increase Authorized    For       Against    Management
      Capital - Decrease Maximum Board Size
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
2.10  Elect Director                            For       For        Management
2.11  Elect Director                            For       For        Management
2.12  Elect Director                            For       For        Management
2.13  Elect Director                            For       For        Management
2.14  Elect Director                            For       For        Management
2.15  Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       For        Management
3.2   Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonuses for Directors  For       Against    Management
      and Statutory Auditor and Special
      Payments to Continuing Directors and
      Statutory Auditors in Connection with
      Abolition of Retirement Bonus System
5     Approve Payment of Annual Bonuses to      For       For        Management
      Directors and Statutory Auditors
6     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
7     Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill)


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

REVUS ENERGY ASA

Ticker:                      Security ID:  NO0010270309
Meeting Date: MAY 9, 2007    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Registration of Attending Shareholders    None      None       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
6.1   Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
6.2   Receive Report on Guidelines of           None      None       Management
      Remuneration of Executive Management as
      now Stipulated in Norwegian Law
6.3   Receive Report on Effect of Guidelines of None      None       Management
      Remuneration of Executive Management for
      Fiscal Year 2006
7     Approve Remuneration of Directors         For       For        Management
8     Approve Remuneration of Auditors          For       For        Management
9     Elect Andrew Armour (Chairman), Live      For       For        Management
      Haukvik Aker, Graham Hearne, Malcolm
      Thoms, and Vibeke Stroemme as Directors
10    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
11    Approve Creation of up to NOK 1.8 Million For       For        Management
      Pool of Capital without Preemptive Rights
12    Elect Tore Sandvold, Kjell Jacobsen, and  For       For        Management
      Andrew Armour as Members of Nominating
      Committee


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

RHM PLC, HIGH WYCOMBE

Ticker:                      Security ID:  GB00B09Z0V67
Meeting Date: SEP 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 Final Dividend of 10.6 Pence Per  For       For        Management
      Share
3     Approve Remuneration Report               For       For        Management
4     Elect Michael Baulk as Director           For       For        Management
5     Elect Brian Buchan as Director            For       For        Management
6     Elect Roger Matthews as Director          For       For        Management
7     Elect Erhard Schoewel as Director         For       For        Management
8     Appoint PricewaterhouseCoopers LLP as     For       For        Management
      Auditors of the Company
9     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
10    Authorise the Company to Make EU          For       For        Management
      Political Organisation Donations up to
      GBP 25,000 and Incur EU Political
      Expenditure up to GBP 25,000
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 116,075
12    Subject to the Passing of Item 11,        For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 17,411
13    Authorise 34,822,727 Ordinary Shares for  For       For        Management
      Market Purchase


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

RHM PLC, HIGH WYCOMBE

Ticker:                      Security ID:  GB00B09Z0V67
Meeting Date: FEB 15, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorise Directors to Carry the Scheme   For       For        Management
      into Effect; Approve Reduction and
      Subsequent Increase in Share Capital;
      Capitalise Reserves to Premier; Issue
      Equity with Rights up to the Amount of
      the New Ordinary Shares Created; Amend
      Articles of Association


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

RHM PLC, HIGH WYCOMBE

Ticker:                      Security ID:  GB00B09Z0V67
Meeting Date: FEB 15, 2007   Meeting Type: Court
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Scheme of Arrangement Proposed to For       For        Management
      be Made Between RHM Plc and the Holders
      of the Scheme Shares


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

ROTORK PLC

Ticker:                      Security ID:  GB0007506958
Meeting Date: APR 20, 2007   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 11.65 Pence Per For       For        Management
      Ordinary Share
3     Re-elect Alex Walker as Director          For       For        Management
4     Re-elect Bob Arnold as Director           For       For        Management
5     Elect Peter France as Director            For       For        Management
6     Reappoint KPMG Audit Plc as Auditors of   For       For        Management
      the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
8     Approve Remuneration Report               For       For        Management
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to 22,706,689 Ordinary Shares
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to 4,314,161
      Ordinary Shares
11    Authorise 8,500,000 Ordinary Shares for   For       For        Management
      Market Purchase
12    Authorise 44,795 Preference Shares for    For       For        Management
      Market Purchase
13(a) Adopt New Articles of Association         For       For        Management
13(b) Amend Memorandum of Association           For       For        Management


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

SAAB AB

Ticker:       SAAB-B         Security ID:  SE0000112385
Meeting Date: APR 12, 2007   Meeting Type: Annual
Record Date:  APR 4, 2007

#     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
8a    Approve Financial Statements and          For       For        Management
      Statutory Reports
8b    Approve Allocation of Income and          For       For        Management
      Dividends of SEK 4.25 per Share
8c    Approve Discharge of Board and President  For       For        Management
9     Determine Number of Members (9) and       For       For        Management
      Deputy Members (0) of Board
10    Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of SEK 2.88 Million;
      Approve Remuneration of Auditors
11    Reelect Erik Belfrage, Lennart Johansson, For       For        Management
      Peter Nygaards, George Rose, Per-Arne
      Sandstroem, Aake Svensson, Lena Treschow
      Torell, and Marcus Wallenberg (Chairman)
      as Directors; Elect Michael O'Callaghan
      as New Director
12    Appoint Auditors and Deputy Auditors      For       For        Management
13    Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
14    Approve Share Matching Plan               For       For        Management
15a   Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15b   Approve Transfer of 1 Million Repurchased For       For        Management
      Shares to Cover Expenses for the Share
      Matching Program 2005 (item 14)
16    Authorize Chairman of Board and           For       Abstain    Management
      Representatives of Four of Company's
      Largest Shareholders to Serve on
      Nominating Committee


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

SAES GETTERS

Ticker:                      Security ID:  IT0001029492
Meeting Date: MAY 7, 2007    Meeting Type: Annual
Record Date:  MAY 3, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements, Statutory   For       For        Management
      Reports, and Dividend through Partial
      Distribution of Reserves for Fiscal Year
      2006
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares
3     Deliberations Relative to One Alternate   For       For        Management
      Internal Auditor's Resignation
4     Elect External Auditors for the Nine-Year For       Abstain    Management
      Term 2007-2015 or, Alternatively, for the
      Six-Year Term 2007-2012


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

SAES GETTERS

Ticker:                      Security ID:  IT0001029492
Meeting Date: JUN 29, 2007   Meeting Type: Special
Record Date:  JUN 27, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles 2, 8, 10, 14 and 22 of the For       For        Management
      Company's Bylaws, Introduction of New
      Article 24 and Consequent Renumbering of
      Following Articles to Comply with the
      Italian Law 262/2005 and with the
      Legislative Decree 303/2006


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

SAFT GROUPE

Ticker:                      Security ID:  FR0010208165
Meeting Date: JUN 6, 2007    Meeting Type: Annual/Special
Record Date:  JUN 1, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Discharge Management Board, Supervisory
      Board, and Auditors
2     Approve Consolidated Financial Statements For       For        Management
      and Discharge Management Board,
      Supervisory Board, and Auditors
3     Approve Dividends of EUR 0.68 per Share   For       For        Management
4     Approve Special Auditors' Report          For       Against    Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to 10 Percent  For       For        Management
      of Issued Share Capital
6     Approve Remuneration of Supervisory Board For       For        Management
      Members in the Aggregate Amount of EUR
      200,000
7     Authorize Issuance of Equity or           For       Against    Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 1.2 Million
8     Approve Stock Option Plans Grants         For       Against    Management
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Amend Articles of Association Re: Record  For       For        Management
      Date
11    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

SCHIBSTED ASA

Ticker:                      Security ID:  NO0003028904
Meeting Date: FEB 15, 2007   Meeting Type: Special
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 Merger Agreement Involving        For       For        Management
      Aftenposten AS; Approve Various Article
      Amendments to Aftenposten AS in
      Connection With Merger
5     Amend Articles Re: Amend Corporate        For       For        Management
      Purpose; Remove Article Clause Stating
      that Mergers, De-Mergers, and Private
      Placements Require General Assembly
      Approval


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

SCHIBSTED ASA

Ticker:                      Security ID:  NO0003028904
Meeting Date: MAY 10, 2007   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 Allocation of Income and          For       For        Management
      Dividends of NOK 5 per Share
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 Report of Nominating Committee    None      None       Management
9     Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management
10    Amend Articles Re: Amend Corporate        For       For        Management
      Purpose; Voting Rights of Transferred
      Shares Prior to General Meetings; Set
      Range for Board (6-11 Members) and Number
      of Employee Representatives on Board;
      Registration Deadline for AGM's
11    Reelect All Current Directors Except for  For       For        Management
      Cato Holmsen; Elect Carine Smith as New
      Deputy Director
12    Approve Remuneration of Directors         For       For        Management
13    Approve Remuneration of Nominating        For       For        Management
      Committee


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

SCS STANDARD COMPUTERSYSTEME AG

Ticker:                      Security ID:  DE0005161806
Meeting Date: FEB 21, 2007   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      None       Management
      Statutory Reports for Fiscal 2005/2006
2     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005/2006
3     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005/2006
4     Elect Thorsten Boeger to the Supervisory  For       For        Management
      Board
5     Ratify RSM Hemmelrath                     For       For        Management
      Wirtschaftspruefungs GmbH as Auditors for
      Fiscal 2006/2007


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

SHINKAWA LTD.

Ticker:       6274           Security ID:  JP3371700000
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 40
2.1   Appoint Internal Statutory Auditor        For       For        Management
2.2   Appoint Internal Statutory Auditor        For       Against    Management
2.3   Appoint Internal Statutory Auditor        For       For        Management
2.4   Appoint Internal Statutory Auditor        For       For        Management
3     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

SIA ABRASIVES HOLDING AG

Ticker:                      Security ID:  CH0002313200
Meeting Date: APR 24, 2007   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 12 per Share
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors
6a    Amend Articles Re: Editiorial Changes to  For       For        Management
      Company Purpose
6b    Amend Articles Re: Registration of        For       For        Management
      Nominees in Share Register
6c    Amend Articles Re: Reduce Capital Holding For       For        Management
      Requirement for Submitting Shareholder
      Proposals
6d    Amend Articles Re: Determination of       For       For        Management
      Validity of Proxies by Board
6e    Amend Articles Re: Majority Voting at     For       For        Management
      General Meetings; Allow Electronic
      Voting; Quorum for Votes on Mergers,
      Aquisitions, and Spin-Offs
6f    Amend Articles Re: Editorial Changes to   For       For        Management
      Art. 17


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

SOGEFI

Ticker:                      Security ID:  IT0000076536
Meeting Date: APR 20, 2007   Meeting Type: Annual/Special
Record Date:  APR 18, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports for the Fiscal Year 2006
2     Authorize Share Repurchase Program and    For       For        Management
      Reissuance of Repurchased Shares; Revoke
      Previously Granted Authorisation
3     Fix Number of Directors on the Board;     For       For        Management
      Elect Directors for the Three-Year term
      2007-2009; Determine Directors'
      Remuneration
4     Extend External Auditors for the          For       For        Management
      Three-Year Term 2007-2009
5     Approve Stock Option Plan for 2007 in     For       For        Management
      favour of Key Employees of Foreign
      Subsidiaries
6     Approve Stock Option Plan for 2007 in     For       For        Management
      favour of the CEO and Key Employees of
      the Company and its Italian Subsidiaries
1     Amend Articles 12, 13, 17, 18, 19, 26 of  For       For        Management
      the Bylaws to Comply with the Italian Law
      n. 262/2005


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

SOKKIA CO. LTD.

Ticker:       7720           Security ID:  JP3433200007
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 3
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
3     Appoint Internal Statutory Auditor        For       For        Management
4     Approve Retirement Bonus for Director     For       For        Management


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

SOLOMON SYSTECH INTERNATIONAL LTD

Ticker:                      Security ID:  KYG826051099
Meeting Date: MAY 3, 2007    Meeting Type: Annual
Record Date:  APR 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Approve Final Dividend                    For       For        Management
3a    Reelect Leung Kwong Wai as Director       For       For        Management
3b    Reelect Lam Shun Fu as Director           For       For        Management
3c    Reelect Sun Patrick as Director           For       For        Management
3d    Reelect Choy Kwok Hung, Patrick as        For       For        Management
      Director
3e    Reelect Kao Kuen, Charles as Director     For       For        Management
3f    Authorize Board to Fix the Remuneration   For       For        Management
      of Directors
4     Appoint 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       Against    Management
      Equity-Linked Securities without
      Preemptive Rights
5c    Authorize Reissuance of Repurchased       For       Against    Management
      Shares


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

SPIRAX-SARCO ENGINEERING PLC

Ticker:                      Security ID:  GB0008347048
Meeting Date: MAY 17, 2007   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 19 Pence Per    For       For        Management
      Share
4     Elect Mark Vernon as Director             For       Against    Management
5     Re-elect Neil Daws as Director            For       Against    Management
6     Re-elect David Meredith as Director       For       For        Management
7     Re-elect Peter Smith as Director          For       For        Management
8     Re-elect Michael Townsend as Director     For       For        Management
9     Reappoint KPMG Audit Plc as Auditors and  For       For        Management
      Authorise the Board to Determine Their
      Remuneration
10    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 6,200,000
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 965,000
12    Approve Scrip Dividend Program            For       For        Management
13    Authorise 7,500,000 Ordinary Shares for   For       For        Management
      Market Purchase


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

STAGECOACH GROUP PLC

Ticker:                      Security ID:  GB00B01NL717
Meeting Date: AUG 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 Remuneration Report               For       For        Management
3     Approve Final Dividend of 2.6 Pence Per   For       For        Management
      Ordinary Share
4     Elect Sir George Mathewson as Director    For       For        Management
5     Re-elect Martin Griffiths 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
      Auditors
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 2,307,294
12    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 346,094
13    Authorise up to Ten Percent of the        For       For        Management
      Company's Issued Ordinary Share Capital
      for Market Purchase


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

SWEDISH MATCH AB

Ticker:       SWMA           Security ID:  SE0000310336
Meeting Date: DEC 4, 2006    Meeting Type: Special
Record Date:  NOV 28, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Sven Unger as Chairman of Meeting   For       For        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
6A    Approve SEK 26.7 Million Reduction In     For       For        Management
      Share Capital via Share Cancellation
6B    Approve SEK 26.7 Million Increase in      For       For        Management
      Share Capital Via Transfer of Said Funds
      From Free Equity to Company's Share
      Capital
7     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
8     Approve Remuneration Policy And Other     For       For        Management
      Terms of Employment For Executive
      Management; Receive Report of
      Remuneration Committee
9     Approve Stock Option Plan for Key         For       For        Management
      Employees
10    Set the Annual Remuneration of Directors  For       For        Management
      to be SEK 1.5 Million for Chairman, SEK
      600,000 Each for Other Directors, and SEK
      875,000 for Board Committee Work; Require
      That All Board Members Own Shares in
      Company


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

TAISEI LAMICK CO LTD

Ticker:       4994           Security ID:  JP3444900009
Meeting Date: JUN 20, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 33
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
3     Approve Retirement Bonus for Director     For       For        Management


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

TAKUMA CO. LTD.

Ticker:       6013           Security ID:  JP3462600002
Meeting Date: JUN 28, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 5
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
3.1   Appoint Alternate Internal Statutory      For       For        Management
      Auditor
3.2   Appoint Alternate Internal Statutory      For       Against    Management
      Auditor
4     Approve Special Payments to Continuing    For       Against    Management
      Directors and Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
5     Approve Adjustment to Aggregate           For       Against    Management
      Compensation Ceilings for Directors and
      Statutory Auditors
6     Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill)


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

TECHEM AG

Ticker:                      Security ID:  DE0005471601
Meeting Date: MAR 26, 2007   Meeting Type: Annual
Record Date:  MAR 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      For        Management
      Statutory Reports for Fiscal 2005/2006
2     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 2 per Share
3     Approve Discharge of Management Board for For       For        Management
      Fiscal 2005/2006
4     Approve Discharge of Supervisory Board    For       For        Management
      for Fiscal 2005/2006
5     Ratify PricewaterhouseCoopers AG as       For       For        Management
      Auditors for Fiscal 2006/2007
6     Elect Edward Beckley to the Supervisory   For       For        Management
      Board
7     Elect Martin Stanley to the Supervisory   For       For        Management
      Board
8     Approve Creation of EUR 12.3 Million Pool For       For        Management
      of Capital without Preemptive Rights
9     Authorize Share Repurchase Program and    For       For        Management
      Reissuance or Cancellation of Repurchased
      Shares
10    Cancel Authorizations to Issue Preemptive For       For        Management
      Rights; Cancel Conditional Capital II;
      Approve Reduction of Conditional Capital
      I to EUR 34,204
11    Approve Issuance of Convertible Bonds     For       For        Management
      and/or Bonds with Warrants Attached
      without Preemptive Rights up to Aggregate
      Nominal Amount of EUR 700 Million;
      Approve Creation of EUR 12.3 Million Pool
      of Capital to Guarantee Conversion Rights
12    Approve Remuneration of Supervisory Board For       For        Management
13    Amend Articles Re: Approve Electronic     For       For        Management
      Distribution of Company Communications


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

TOEI ANIMATION CO., LTD.

Ticker:       4816           Security ID:  JP3560200002
Meeting Date: JUN 26, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 35
2     Elect Director                            For       For        Management
3.1   Appoint Internal Statutory Auditor        For       Against    Management
3.2   Appoint Internal Statutory Auditor        For       Against    Management
3.3   Appoint Internal Statutory Auditor        For       Against    Management
3.4   Appoint Internal Statutory Auditor        For       Against    Management
4     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceilings for Directors and
      Statutory Auditors
5     Approve Retirement Bonus for Director     For       Against    Management


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

TOUPARGEL-AGRIGEL

Ticker:                      Security ID:  FR0000039240
Meeting Date: APR 27, 2007   Meeting Type: Annual/Special
Record Date:  APR 24, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       Abstain    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 1.50 per Share
4     Ratify SAFICI Represented by Jacques      For       For        Management
      Convert as Auditor
5     Reelect Jean Vuillermoz as Alternate      For       For        Management
      Auditor
6     Reelect Roland Tchenio and Charles        For       Against    Management
      Waldman as Directors
7     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
8     Authorize Repurchase of Up to 1.5 Percent For       Against    Management
      of Issued Share Capital
9     Approve Remuneration of Directors in the  For       For        Management
      Aggregate Amount of EUR 50,000
10    Change Company Name to Toupargel Groupe   For       For        Management
11    Amend Article 2 of Association Re: Change For       For        Management
      Company Name
12    Approve Stock Option Plans Grants         For       Against    Management
13    Amend Article 21 of Association Re:       For       For        Management
      Record Date
14    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

UPONOR (FORMERLY ASKO OYJ)

Ticker:                      Security ID:  FI0009002158
Meeting Date: OCT 27, 2006   Meeting Type: Special
Record Date:  OCT 17, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Dividend of EUR 1.37 Per  For       For        Management
      Share
2     Allocate 88,000 Treasury Shares Free of   For       Against    Management
      Charge to Company Executives in
      Accordance with Terms of 2004 Incentive
      Plan


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

UPONOR (FORMERLY ASKO OYJ)

Ticker:                      Security ID:  FI0009002158
Meeting Date: MAR 15, 2007   Meeting Type: Annual
Record Date:  MAR 5, 2007

#     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 1.40 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 6              For       For        Management
1.8   Reelect Jorma Eloranta, Pekka Paasikivi,  For       For        Management
      Aimo Rajahalme, Anne-Christine
      Silfverstolpe Nordin, and Rainer Simon as
      Directors; Elect Jari Paasikivi as New
      Director
1.9   Reelect KPMG Oy Ab as Auditors            For       Against    Management
2     Authorize Repurchase of Up to 3.5 Million For       For        Management
      Shares
3     Amend Articles to Comply with New Finnish For       For        Management
      Companies Act


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

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

Ticker:                      Security ID:  NL0000354470
Meeting Date: OCT 3, 2006    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report on the Share Split         None      None       Management
3     Amend Articles                            For       For        Management
4     Other Business (Non-Voting)               None      None       Management
5     Close Meeting                             None      None       Management


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

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

Ticker:                      Security ID:  NL0000354488
Meeting Date: APR 26, 2007   Meeting Type: Annual
Record Date:

#     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     Approve Allocation of Income and          For       For        Management
      Dividends
5     Approve Discharge of Management Board     For       For        Management
6     Approve Discharge of Supervisory Board    For       For        Management
7     Ratify PricewaterhouseCoopers NV as       For       For        Management
      Auditors
8     Grant Board Authority to Issue Shares Up  For       For        Management
      To 10 Percent of Issued Capital and
      Restricting/Excluding Preemptive Rights
9     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
10    Other Business (Non-Voting)               None      None       Management
11    Close Meeting                             None      None       Management


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

VEIDEKKE

Ticker:                      Security ID:  NO0005806802
Meeting Date: MAY 8, 2007    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       Against    Management
      Statutory Reports
5     Approve Allocation of Income and          For       For        Management
      Dividends of NOK 13 per Share
6     Approve Remuneration of Auditors          For       For        Management
7     Elect Helge Andresen, Jan Knutsen, Erik   For       For        Management
      Must, and Olaug Svarva as Members of
      Nominating Committee
8     Approve Remuneration of Directors         For       For        Management
9     Reelect Goete Dahlin, Peder Loevenskiold, For       For        Management
      and Hilde Aasheim as Directors
10.1  Amend Articles Re: Stipulate Composition, For       For        Management
      Range, and Other Terms of Board
10.2  Amend Articles Re: Update Principles of   For       For        Management
      Instruction and Composition of Nominating
      Committee
10.3  Amend Articles Re: Allow Shareholders the For       For        Management
      Possibility to Elect Alternates to the
      Board
10.4  Amend Articles Re: Stipulate That         For       For        Management
      Shareholders Approve Remuneration Policy
      And Other Terms of Employment For
      Executive Management at Annual General
      Meetings
10.5  Amend Articles Re: Adopt Deadline for     For       For        Management
      Shareholders' Notification of Attendence
      to General Meetings
11    Approve 5:1 Stock Split                   For       For        Management
12    Approve NOK 1.4 Million Reduction in      For       For        Management
      Share Capital via Share Cancellation
13    Approve Creation of NOK 7 Million Pool of For       For        Management
      Capital without Preemptive Rights
14    Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
15    Approve NOK 304.8 Million Transfer from   For       For        Management
      Share Premium Account to Unrestricted
      Shareholders' Equity


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

WACOM CO LTD

Ticker:       6727           Security ID:  JP3993400005
Meeting Date: JUN 21, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Articles To: Authorize Issuance of  For       Against    Management
      Warrants for Takeover Defense By
      Resolution of Board or AGM
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
3     Appoint Alternate Internal Statutory      For       For        Management
      Auditor
4     Appoint External Audit Firm               For       For        Management
5     Adopt Shareholder Rights Plan (Poison     For       Against    Management
      Pill)


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

WAREHOUSE GROUP LTD, THE

Ticker:                      Security ID:  NZWHSE0001S6
Meeting Date: NOV 24, 2006   Meeting Type: Annual
Record Date:  NOV 22, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Janine Laurel Smith as Director     For       For        Management
2     Elect John Richard Avery as Director      For       For        Management
3     Elect Robert Lanham Challinor as Director For       For        Management
4     Authorize Board to Fix Remuneration of    For       For        Management
      the Auditors
5     Approve Increase in the Remuneration of   None      For        Management
      Directors by NZ$161,000 from NZ$489,000
      Per Annum to NZ$650,000 Per Annum


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

WAREHOUSE GROUP LTD, THE

Ticker:                      Security ID:  NZWHSE0001S6
Meeting Date: MAR 23, 2007   Meeting Type: Special
Record Date:  MAR 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Issuance of Conditional Rights to For       For        Management
      Acquire Up to 2 Million Ordinary Shares
      Under the Executive Share Scheme in the
      2006/2007, 2007/2008 and 2009/2010
      Financial Years to Selected Executive
      Employees and Ian Rognvald Morrice
2     Approve Exception to ASX Listing Rule 7.1 For       For        Management
      of the Issuance of Securities Under the
      Executive Share Scheme
3     Approve Acquisition by Ian Rognvald       For       For        Management
      Morrice of Conditional Rights to Acquire
      Ordinary Shares of the Company Under the
      Executive Share Scheme
4     Approve Provision of Financial Assistance For       For        Management
      by the Company to The Warehouse
      Management Trustee Company No 2 Ltd as
      Trustee of the Executive Share Scheme


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

WARTSILA OYJ (FORMERLY METRA OY)

Ticker:       WRTBV          Security ID:  FI0009003727
Meeting Date: NOV 24, 2006   Meeting Type: Special
Record Date:  NOV 14, 2006

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Special Dividend of EUR 1.50 Per  For       For        Management
      Each A and B Share


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

WARTSILA OYJ (FORMERLY METRA OY)

Ticker:       WRTBV          Security ID:  FI0009003727
Meeting Date: MAR 14, 2007   Meeting Type: Annual
Record Date:  MAR 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Financial Statements and          None      None       Management
      Statutory Reports
1.2   Receive Auditor's Report                  None      None       Management
1.3   Accept Financial Statements and Statutory For       Abstain    Management
      Reports
1.4   Approve Allocation of Income and          For       For        Management
      Dividends of EUR 1.75 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 Six            For       For        Management
1.8   Approve Remuneration of Auditors          For       Against    Management
1.9   Fix Number of Auditors                    For       For        Management
1.10  Elect Maarit Aarni-Sirvio, Heikki         For       For        Management
      Allonen, Goran J. Ehrnrooth, Antti
      Lagerroos, Bertel Langenskiold, and Matti
      Vuoria as Directors
1.11  Ratify KPMG Oy Ab as Auditor              For       For        Management
2     Approve Creation of Pool of Capital       For       For        Management
      without Preemptive Rights


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

WILLIAM HILL PLC

Ticker:       WMH            Security ID:  GB0031698896
Meeting Date: MAY 17, 2007   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 14.5 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect David Allvey as Director         For       For        Management
5     Re-elect David Edmonds as Director        For       For        Management
6     Reappoint Deloitte & Touche LLP as        For       Against    Management
      Auditors of the Company
7     Authorise Board to Fix Remuneration of    For       For        Management
      Auditors
8     Approve William Hill Executive Bonus      For       For        Management
      Matching Scheme
9     Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities with Pre-emptive
      Rights up to Aggregate Nominal Amount of
      GBP 11,648,949
10    Authorise the Company to make Donations   For       For        Management
      to EU Political Organisations and to
      Incur EU Political Expenditure up to GBP
      35,000
11    Authorise William Hill Organization       For       For        Management
      Limited to make Donations to EU Political
      Organisations and to Incur EU Political
      Expenditure up to GBP 35,000
12    Subject to the Passing of Resolution 9,   For       For        Management
      Authorise Issue of Equity or
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 1,764,992
13    Authorise 35,299,846 Ordinary Shares for  For       For        Management
      Market Purchase
14    Approve Cancellation of GBP 311,277,889   For       For        Management
      from Share Premium Account
15    Authorise the Company to Communicate with For       For        Management
      Shareholders by Making
 Documents and
      Information Available on a Website


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

WINCANTON PLC

Ticker:                      Security ID:  GB0030329360
Meeting Date: JUL 20, 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 8.60 Pence Per  For       For        Management
      Ordinary Share
4     Re-elect David Malpas as Director         For       For        Management
5     Re-elect Nigel Sullivan as Director       For       For        Management
6     Elect Jonson Cox as Director              For       For        Management
7     Reappoint KPMG Audit Plc as Auditors of   For       For        Management
      the Company
8     Authorise the Audit Committee to Fix      For       For        Management
      Remuneration of Auditors
9     Authorise the Company to Make EU          For       For        Management
      Political Organisation Donations and to
      Incur EU Political Expenditures up to 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 3,949,468
11    Authorise Issue of Equity or              For       For        Management
      Equity-Linked Securities without
      Pre-emptive Rights up to Aggregate
      Nominal Amount of GBP 592,420
12    Authorise 11,848,404 Ordinary Shares for  For       For        Management
      Market Purchase


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

YAMAICHI ELECTRONICS CO. LTD.

Ticker:       6941           Security ID:  JP3934200001
Meeting Date: JUN 27, 2007   Meeting Type: Annual
Record Date:  MAR 31, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Allocation of Income, with a      For       For        Management
      Final Dividend of JY 12
2     Amend Articles to: Authorize Public       For       For        Management
      Announcements in Electronic Format -
      Limit Liability of Outside 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
4.3   Appoint Alternate Internal Statutory      For       Against    Management
      Auditor
5     Approve Retirement Bonus for Director and For       For        Management
      Special Payments to Continuing Directors
      in Connection with Abolition of
      Retirement Bonus System
6     Approve Retirement Bonus for Statutory    For       Against    Management
      Auditor and Special Payments to
      Continuing Statutory Auditors in
      Connection with Abolition of Retirement
      Bonus System
7     Approve Adjustment to Aggregate           For       For        Management
      Compensation Ceiling for Directors
8     Approve Payment of Annual Bonuses to      For       For        Management
      Directors


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

ZEHNDER GROUP AG (FRMLY ZEHNDER HOLDING)

Ticker:                      Security ID:  CH0002352935
Meeting Date: MAY 30, 2007   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
4.1   Reelect Paul Meier as Director            For       Against    Management
4.2   Ratify KPMG AG as Auditors                For       For        Management


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

ZODIAC SA

Ticker:       ZC             Security ID:  FR0000125684
Meeting Date: DEC 18, 2006   Meeting Type: Annual/Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports; Discharge Members of Management
      and Supervisory Boards
2     Accept Consolidated Financial Statements  For       For        Management
      and Statutory Reports; Discharge Auditors
3     Approve Allocation of Income and          For       For        Management
      Dividends of EUR 0.86 per Share
4     Approve Special Auditors' Report          For       For        Management
      Regarding Related-Party Transactions
5     Authorize Repurchase of Up to Ten Percent For       For        Management
      of Issued Share Capital
6     Reelect Gilberte Lombard as Supervisory   For       For        Management
      Board Member
7     Reelect Societe FFP as Supervisory Board  For       For        Management
      Member
8     Amend Articles of Association Re: Voting  For       For        Management
      Rights of Usefruct
9     Approve Reduction in Share Capital via    For       For        Management
      Cancellation of Repurchased Shares
10    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities with Preemptive
      Rights up to Aggregate Nominal Amount of
      EUR 5 Million
11    Authorize Issuance of Equity or           For       For        Management
      Equity-Linked Securities without
      Preemptive Rights up to Aggregate Nominal
      Amount of EUR 5 Million
12    Approve/Amend Employee Savings-Related    For       For        Management
      Share Purchase Plan
13    Authorize Filing of Required              For       For        Management
      Documents/Other Formalities


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

ZUMTOBEL AG

Ticker:                      Security ID:  AT0000837307
Meeting Date: JUL 27, 2006   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Receive Financial Statements and          None      Did Not    Management
      Statutory Reports                                   Vote
2     Approve Allocation of Income              For       Did Not    Management
                                                          Vote
3     Approve Discharge of Management and       For       Did Not    Management
      Supervisory Board                                   Vote
4     Approve Remuneration of Supervisory Board For       Did Not    Management
      Members                                             Vote
5     Ratify Auditors                           For       Did Not    Management
                                                          Vote
========== END NPX REPORT



                                   SIGNATURES

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

(Registrant): 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, 2007


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