Appleton Funds N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:  811-10201

The Appleton Funds

 (Exact name of registrant as specified in charter)

303 Broadway, Suite 900, Cincinnati, Ohio 45202

(Address of principal executive offices) (Zip code)

James I Ladge, 45 Milk Street, Eight Floor, Boston, Massachusetts 02109

(Name and address of agent for service)

Registrant’s telephone number, including area code:  (513)878-4000

Date of fiscal year end:  12/31

Date of reporting period:  7/1/08 – 6/30/09

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

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

Item 1.  Proxy Voting Record

Proxy Voting Record

Meeting Date Range: 01-Jul-2008 To 30-Jun-2009

Selected Accounts

ORACLE CORPORATION
Security:	68389X105		Meeting Type:	Annual
Ticker:	ORCL		Meeting Date:	10-Oct-2008
ISIN	US68389X1054		Vote Deadline Date:	09-Oct-2008
Agenda	932949033	Management	Total Ballot Shares:	22084
Last Vote Date:	07-Oct-2008

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	JEFFREY O. HENLEY		12500	0	0	0
	2	LAWRENCE J. ELLISON		12500	0	0	0
	3	DONALD L. LUCAS		12500	0	0	0
	4	MICHAEL J. BOSKIN		12500	0	0	0
	5	JACK F. KEMP		12500	0	0	0
	6	JEFFREY S. BERG		12500	0	0	0
	7	SAFRA A. CATZ		12500	0	0	0
	8	HECTOR GARCIA-MOLINA		12500	0	0	0
	9	H. RAYMOND BINGHAM		12500	0	0	0
	10	CHARLES E. PHILLIPS, JR		12500	0	0	0
	11	NAOMI O. SELIGMAN		12500	0	0	0
	12	GEORGE H. CONRADES		12500	0	0	0
	13	BRUCE R. CHIZEN		12500	0	0	0
2	PROPOSAL FOR THE APPROVAL OF THE ADOPTION OF THE FISCAL YEAR 2009 EXECUTIVE BONUS PLAN.		For	12500	0	0	0
3	PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING MAY 31, 2009.		For	12500	0	0	0
4	STOCKHOLDER PROPOSAL ON ADVISORY VOTE ON EXECUTIVE COMPENSATION.		Against	0	12500	0	0

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Proxy Voting Record

THE PROCTER & GAMBLE COMPANY
Security:	742718109		Meeting Type:	Annual
Ticker:	PG		Meeting Date:	14-Oct-2008
ISIN	US7427181091		Vote Deadline Date:	13-Oct-2008
Agenda	932946556	Management	Total Ballot Shares:	75444
Last Vote Date:	08-Oct-2008

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	KENNETH I. CHENAULT		4987	0	0	0
	2	SCOTT D. COOK		4987	0	0	0
	3	RAJAT K. GUPTA		4987	0	0	0
	4	A.G. LAFLEY		4987	0	0	0
	5	CHARLES R. LEE		4987	0	0	0
	6	LYNN M. MARTIN		4987	0	0	0
	7	W. JAMES MCNERNEY, JR.		4987	0	0	0
	8	JOHNATHAN A. RODGERS		4987	0	0	0
	9	RALPH SNYDERMAN, M.D.		4987	0	0	0
	10	MARGARET C. WHITMAN		4987	0	0	0
	11	PATRICIA A. WOERTZ		4987	0	0	0
	12	ERNESTO ZEDILLO		4987	0	0	0
2	RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		For	4987	0	0	0
3	AMEND COMPANY'S AMENDED ARTICLES OF INCORPORATION TO ADOPT MAJORITY VOTING		For	4987	0	0	0
4	SHAREHOLDER PROPOSAL #1 - ROTATE SITE OF ANNUAL MEETING		Against	0	4987	0	0
5	SHAREHOLDER PROPOSAL #2 - ADVISORY VOTE ON EXECUTIVE COMPENSATION		Against	0	4987	0	0

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Proxy Voting Record

CISCO SYSTEMS, INC.
Security:	17275R102		Meeting Type:	Annual
Ticker:	CSCO		Meeting Date:	13-Nov-2008
ISIN	US17275R1023		Vote Deadline Date:	12-Nov-2008
Agenda	932954729	Management	Total Ballot Shares:	70543
Last Vote Date:	10-Nov-2008

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: CAROL A. BARTZ	For	10000	0	0	0
2	ELECTION OF DIRECTOR: M. MICHELE BURNS	For	10000	0	0	0
3	ELECTION OF DIRECTOR: MICHAEL D. CAPELLAS	For	10000	0	0	0
4	ELECTION OF DIRECTOR: LARRY R. CARTER	For	10000	0	0	0
5	ELECTION OF DIRECTOR: JOHN T. CHAMBERS	For	10000	0	0	0
6	ELECTION OF DIRECTOR: BRIAN L. HALLA	For	10000	0	0	0
7	ELECTION OF DIRECTOR: DR. JOHN L. HENNESSY	For	10000	0	0	0
8	ELECTION OF DIRECTOR: RICHARD M. KOVACEVICH	For	10000	0	0	0
9	ELECTION OF DIRECTOR: RODERICK C. MCGEARY	For	10000	0	0	0
10	ELECTION OF DIRECTOR: MICHAEL K. POWELL	For	10000	0	0	0
11	ELECTION OF DIRECTOR: STEVEN M. WEST	For	10000	0	0	0
12	ELECTION OF DIRECTOR: JERRY YANG	For	10000	0	0	0
13	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JULY 25, 2009.	For	10000	0	0	0
14	PROPOSAL SUBMITTED BY A SHAREHOLDER TO AMEND THE COMPANY'S BYLAWS TO ESTABLISH A BOARD COMMITTEE ON HUMAN RIGHTS.	Against	0	10000	0	0
15	PROPOSAL SUBMITTED BY SHAREHOLDERS REQUESTING THE BOARD TO PUBLISH A REPORT TO SHAREHOLDERS WITHIN SIX MONTHS PROVIDING A SUMMARIZED LISTING AND ASSESSMENT OF CONCRETE STEPS CISCO COULD REASONABLY TAKE TO REDUCE THE LIKELIHOOD THAT ITS BUSINESS PRACTICES MIGHT ENABLE OR ENCOURAGE THE VIOLATION OF HUMAN RIGHTS, AS SET FORTH IN THE PROXY STATEMENT.	Against	0	10000	0	0

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Proxy Voting Record

MICROSOFT CORPORATION
Security:	594918104		Meeting Type:	Annual
Ticker:	MSFT		Meeting Date:	19-Nov-2008
ISIN	US5949181045		Vote Deadline Date:	18-Nov-2008
Agenda	932960013	Management	Total Ballot Shares:	56660
Last Vote Date:	19-Nov-2008

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: STEVEN A. BALLMER	For	6000	0	0	0
2	ELECTION OF DIRECTOR: JAMES I. CASH JR.	For	6000	0	0	0
3	ELECTION OF DIRECTOR: DINA DUBLON	For	6000	0	0	0
4	ELECTION OF DIRECTOR: WILLIAM H. GATES III	For	6000	0	0	0
5	ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN	For	6000	0	0	0
6	ELECTION OF DIRECTOR: REED HASTINGS	For	6000	0	0	0
7	ELECTION OF DIRECTOR: DAVID F. MARQUARDT	For	6000	0	0	0
8	ELECTION OF DIRECTOR: CHARLES H. NOSKI	For	6000	0	0	0
9	ELECTION OF DIRECTOR: HELMUT PANKE	For	6000	0	0	0
10	APPROVAL OF  MATERIAL TERMS OF PERFORMANCE CRITERIA UNDER THE EXECUTIVE OFFICER INCENTIVE PLAN.	For	6000	0	0	0
11	APPROVAL OF AMENDMENTS TO THE 1999 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS.	For	6000	0	0	0
12	RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR.	For	6000	0	0	0
13	SHAREHOLDER PROPOSAL - ADOPTION OF POLICIES ON INTERNET CENSORSHIP.	Against	0	6000	0	0
14	SHAREHOLDER PROPOSAL - ESTABLISHMENT OF BOARD COMMITTEE ON HUMAN RIGHTS.	Against	0	6000	0	0
15	SHAREHOLDER PROPOSAL - DISCLOSURE OF CHARITABLE CONTRIBUTIONS.	Against	0	6000	0	0

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Proxy Voting Record

TRANSOCEAN INC
Security:	G90073100		Meeting Type:	Special
Ticker:	RIG		Meeting Date:	08-Dec-2008
ISIN	KYG900731004		Vote Deadline Date:	05-Dec-2008
Agenda	932973173	Management	Total Ballot Shares:	12707
Last Vote Date:	05-Dec-2008

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	APPROVAL OF THE MERGER TRANSACTION TO BE EFFECTED BY THE SCHEMES OF ARRANGEMENT, ATTACHED TO THE ACCOMPANYING PROXY STATEMENT AS ANNEX B.	For	2200	0	0	0
2	APPROVAL OF THE MOTION TO ADJOURN THE MEETING TO A LATER DATE TO SOLICIT ADDITIONAL PROXIES IF THERE ARE INSUFFICIENT VOTES AT THE TIME OF THE MEETING TO APPROVE THE MERGER TRANSACTION.	For	2200	0	0	0

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Proxy Voting Record

BECTON, DICKINSON AND COMPANY
Security:	075887109		Meeting Type:	Annual
Ticker:	BDX		Meeting Date:	03-Feb-2009
ISIN	US0758871091		Vote Deadline Date:	02-Feb-2009
Agenda	932987007	Management	Total Ballot Shares:	36294
Last Vote Date:	08-Jan-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	C.M. FRASER-LIGGETT		4000	0	0	0
	2	E.J. LUDWIG		4000	0	0	0
	3	W.J. OVERLOCK, JR.		4000	0	0	0
	4	B.L. SCOTT		4000	0	0	0
2	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.		For	4000	0	0	0
3	AMENDMENT TO BD'S RESTATED CERTIFICATE OF INCORPORATION.		For	4000	0	0	0
4	AMENDMENT TO THE 2004 EMPLOYEE AND DIRECTOR EQUITY-BASED COMPENSATION PLAN.		For	4000	0	0	0
5	APPROVAL OF MATERIAL TERMS OF PERFORMANCE GOALS.		For	4000	0	0	0
6	SPECIAL SHAREHOLDER MEETINGS.		Against	0	4000	0	0
7	CUMULATIVE VOTING.		Against	0	4000	0	0

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Proxy Voting Record

APPLE INC.
Security:	037833100		Meeting Type:	Annual
Ticker:	AAPL		Meeting Date:	25-Feb-2009
ISIN	US0378331005		Vote Deadline Date:	24-Feb-2009
Agenda	932989760	Management	Total Ballot Shares:	25379
Last Vote Date:	25-Feb-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	WILLIAM V. CAMPBELL		1550	0	0	0
	2	MILLARD S. DREXLER		1550	0	0	0
	3	ALBERT A. GORE, JR.		1550	0	0	0
	4	STEVEN P. JOBS		1550	0	0	0
	5	ANDREA JUNG		1550	0	0	0
	6	A.D. LEVINSON, PH.D.		1550	0	0	0
	7	ERIC E. SCHMIDT, PH.D.		1550	0	0	0
	8	JEROME B. YORK		1550	0	0	0
2	SHAREHOLDER PROPOSAL REGARDING POLITICAL CONTRIBUTIONS AND EXPENDITURES REPORT, IF PROPERLY PRESENTED AT THE MEETING.		Against	0	1550	0	0
3	SHAREHOLDER PROPOSAL REGARDING ADOPTION OF PRINCIPLES FOR HEALTH CARE REFORM, IF PROPERLY PRESENTED AT THE MEETING.		Against	0	1550	0	0
4	SHAREHOLDER PROPOSAL REGARDING SUSTAINABILITY REPORT, IF PROPERLY PRESENTED AT THE MEETING.		Against	0	1550	0	0
5	SHAREHOLDER PROPOSAL REGARDING ADVISORY VOTE ON COMPENSATION, IF PROPERLY PRESENTED AT THE MEETING.		Against	0	1550	0	0

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Proxy Voting Record

DEERE & COMPANY
Security:	244199105		Meeting Type:	Annual
Ticker:	DE		Meeting Date:	25-Feb-2009
ISIN	US2441991054		Vote Deadline Date:	24-Feb-2009
Agenda	932992185	Management	Total Ballot Shares:	12842
Last Vote Date:	25-Feb-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: CRANDALL C. BOWLES	For	3300	0	0	0
2	ELECTION OF DIRECTOR: VANCE D. COFFMAN	For	3300	0	0	0
3	ELECTION OF DIRECTOR: CLAYTON M. JONES	For	3300	0	0	0
4	ELECTION OF DIRECTOR: THOMAS H. PATRICK	For	3300	0	0	0
5	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2009	For	3300	0	0	0
6	STOCKHOLDER PROPOSAL #1 - ANNUAL ELECTION OF DIRECTORS	For	3300	0	0	0
7	STOCKHOLDER PROPOSAL #2 - ADVISORY VOTE ON EXECUTIVE COMPENSATION	Against	0	3300	0	0
8	STOCKHOLDER PROPOSAL #3 - SEPARATION OF CEO AND CHAIRMAN RESPONSIBILITIES	Against	3300	0	0	0

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Proxy Voting Record

THE WALT DISNEY COMPANY
Security:	254687106		Meeting Type:	Annual
Ticker:	DIS		Meeting Date:	10-Mar-2009
ISIN	US2546871060		Vote Deadline Date:	09-Mar-2009
Agenda	932990559	Management	Total Ballot Shares:	90226
Last Vote Date:	25-Feb-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: SUSAN E. ARNOLD	For	8000	0	0	0
2	ELECTION OF DIRECTOR: JOHN E. BRYSON	For	8000	0	0	0
3	ELECTION OF DIRECTOR: JOHN S. CHEN	For	8000	0	0	0
4	ELECTION OF DIRECTOR: JUDITH L. ESTRIN	For	8000	0	0	0
5	ELECTION OF DIRECTOR: ROBERT A. IGER	For	8000	0	0	0
6	ELECTION OF DIRECTOR: STEVEN P. JOBS	For	8000	0	0	0
7	ELECTION OF DIRECTOR: FRED H. LANGHAMMER	For	8000	0	0	0
8	ELECTION OF DIRECTOR: AYLWIN B. LEWIS	For	8000	0	0	0
9	ELECTION OF DIRECTOR: MONICA C. LOZANO	For	8000	0	0	0
10	ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT	For	8000	0	0	0
11	ELECTION OF DIRECTOR: JOHN E. PEPPER, JR.	For	8000	0	0	0
12	ELECTION OF DIRECTOR: ORIN C. SMITH	For	8000	0	0	0
13	TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSE-COOPERS LLP AS THE COMPANY'S REGISTERED PUBLIC ACCOUNTANTS FOR 2009.	For	8000	0	0	0
14	TO APPROVE THE AMENDMENT TO THE AMENDED AND RESTATED 2005 STOCK INCENTIVE PLAN.	For	8000	0	0	0
15	TO APPROVE THE TERMS OF THE AMENDED AND RESTATED 2002 EXECUTIVE PERFORMANCE PLAN.	For	8000	0	0	0
16	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS REPORTING.	Against	0	8000	0	0
17	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO DEATH BENEFIT PAYMENTS.	Against	0	8000	0	0
18	TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO SHAREHOLDER ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Against	0	8000	0	0

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Proxy Voting Record

SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)
Security:	806857108		Meeting Type:	Annual
Ticker:	SLB		Meeting Date:	08-Apr-2009
ISIN	AN8068571086		Vote Deadline Date:	07-Apr-2009
Agenda	933013865	Management	Total Ballot Shares:	38765
Last Vote Date:	30-Mar-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	P. CAMUS		3500	0	0	0
	2	J.S. GORELICK		3500	0	0	0
	3	A. GOULD		3500	0	0	0
	4	T. ISAAC		3500	0	0	0
	5	N. KUDRYAVTSEV		3500	0	0	0
	6	A. LAJOUS		3500	0	0	0
	7	M.E. MARKS		3500	0	0	0
	8	L.R. REIF		3500	0	0	0
	9	T.I. SANDVOLD		3500	0	0	0
	10	H. SEYDOUX		3500	0	0	0
	11	L.G. STUNTZ		3500	0	0	0
2	PROPOSAL TO ADOPT AND APPROVE OF FINANCIALS AND DIVIDENDS.		For	3500	0	0	0
3	PROPOSAL REGARDING A STOCKHOLDER ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION.		Against	0	3500	0	0
4	PROPOSAL TO APPROVE OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.		For	3500	0	0	0

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Proxy Voting Record

T. ROWE PRICE GROUP, INC.
Security:	74144T108		Meeting Type:	Annual
Ticker:	TROW		Meeting Date:	08-Apr-2009
ISIN	US74144T1088		Vote Deadline Date:	07-Apr-2009
Agenda	933001961	Management	Total Ballot Shares:	43690
Last Vote Date:	30-Mar-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: EDWARD C. BERNARD	For	4500	0	0	0
2	ELECTION OF DIRECTOR: JAMES T. BRADY	For	4500	0	0	0
3	ELECTION OF DIRECTOR: J. ALFRED BROADDUS, JR.	For	4500	0	0	0
4	ELECTION OF DIRECTOR: DONALD B. HEBB, JR.	For	4500	0	0	0
5	ELECTION OF DIRECTOR: JAMES A.C. KENNEDY	For	4500	0	0	0
6	ELECTION OF DIRECTOR: BRIAN C. ROGERS	For	4500	0	0	0
7	ELECTION OF DIRECTOR: DR. ALFRED SOMMER	For	4500	0	0	0
8	ELECTION OF DIRECTOR: DWIGHT S. TAYLOR	For	4500	0	0	0
9	ELECTION OF DIRECTOR: ANNE MARIE WHITTEMORE	For	4500	0	0	0
10	RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2009.	For	4500	0	0	0

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Proxy Voting Record

AMETEK INC NEW
Security:	031100100		Meeting Type:	Annual
Ticker:	AME		Meeting Date:	21-Apr-2009
ISIN	US0311001004		Vote Deadline Date:	20-Apr-2009
Agenda	933012267	Management	Total Ballot Shares:	53226
Last Vote Date:	14-Apr-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	JAMES R. MALONE		6850	0	0	0
	2	ELIZABETH R. VARET		6850	0	0	0
	3	DENNIS K. WILLIAMS		6850	0	0	0
2	PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2009.		For	6850	0	0	0

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Proxy Voting Record

ABBOTT LABORATORIES
Security:	002824100		Meeting Type:	Annual
Ticker:	ABT		Meeting Date:	24-Apr-2009
ISIN	US0028241000		Vote Deadline Date:	23-Apr-2009
Agenda	933012293	Management	Total Ballot Shares:	13628
Last Vote Date:	23-Apr-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	R.J. ALPERN		3400	0	0	0
	2	R.S. AUSTIN		3400	0	0	0
	3	W.M. DALEY		3400	0	0	0
	4	W.J. FARRELL		3400	0	0	0
	5	H.L. FULLER		3400	0	0	0
	6	W.A. OSBORN		3400	0	0	0
	7	D.A.L. OWEN		3400	0	0	0
	8	W.A. REYNOLDS		3400	0	0	0
	9	R.S. ROBERTS		3400	0	0	0
	10	S.C. SCOTT III		3400	0	0	0
	11	W.D. SMITHBURG		3400	0	0	0
	12	G.F. TILTON		3400	0	0	0
	13	M.D. WHITE		3400	0	0	0
2	APPROVAL OF THE ABBOTT LABORATORIES 2009 INCENTIVE STOCK PROGRAM		For	3400	0	0	0
3	APPROVAL OF THE ABBOTT LABORATORIES 2009 EMPLOYEE STOCK PURCHASE PLAN FOR NON-U.S. EMPLOYEES		For	3400	0	0	0
4	RATIFICATION OF DELOITTE & TOUCHE LLP AS AUDITORS		For	3400	0	0	0
5	SHAREHOLDER PROPOSAL - ANIMAL TESTING		Against	0	3400	0	0
6	SHAREHOLDER PROPOSAL - HEALTH CARE PRINCIPLES		Against	0	3400	0	0
7	SHAREHOLDER PROPOSAL - ADVISORY VOTE		Against	0	3400	0	0

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Proxy Voting Record

KELLOGG COMPANY
Security:	487836108		Meeting Type:	Annual
Ticker:	K		Meeting Date:	24-Apr-2009
ISIN	US4878361082		Vote Deadline Date:	23-Apr-2009
Agenda	933005072	Management	Total Ballot Shares:	8957
Last Vote Date:	23-Apr-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	JOHN T. DILLON		4850	0	0	0
	2	JAMES M. JENNESS		4850	0	0	0
	3	DONALD R. KNAUSS		4850	0	0	0
	4	ROBERT A. STEELE		4850	0	0	0
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS KELLOGG'S INDEPENDENT PUBLIC ACCOUNTING FIRM FOR 2009		For	4850	0	0	0
3	APPROVAL OF THE KELLOGG COMPANY 2009 LONG- TERM INCENTIVE PLAN		For	4850	0	0	0
4	APPROVAL OF THE KELLOGG COMPANY 2009 NON- EMPLOYEE DIRECTOR STOCK PLAN		For	4850	0	0	0
5	ENACT A MAJORITY VOTE REQUIREMENT FOR THE ELECTION OF DIRECTORS		Against	0	4850	0	0
6	ELECT EACH DIRECTOR ANNUALLY		Against	0	4850	0	0

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Proxy Voting Record

INTERNATIONAL BUSINESS MACHINES CORP.
Security:	459200101		Meeting Type:	Annual
Ticker:	IBM		Meeting Date:	28-Apr-2009
ISIN	US4592001014		Vote Deadline Date:	27-Apr-2009
Agenda	933008725	Management	Total Ballot Shares:	29752
Last Vote Date:	23-Apr-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: A.J.P. BELDA	For	2675	0	0	0
2	ELECTION OF DIRECTOR: C. BLACK	For	2675	0	0	0
3	ELECTION OF DIRECTOR: W.R. BRODY	For	2675	0	0	0
4	ELECTION OF DIRECTOR: K.I. CHENAULT	For	2675	0	0	0
5	ELECTION OF DIRECTOR: M.L. ESKEW	For	2675	0	0	0
6	ELECTION OF DIRECTOR: S.A. JACKSON	For	2675	0	0	0
7	ELECTION OF DIRECTOR: T. NISHIMURO	For	2675	0	0	0
8	ELECTION OF DIRECTOR: J.W. OWENS	For	2675	0	0	0
9	ELECTION OF DIRECTOR: S.J. PALMISANO	For	2675	0	0	0
10	ELECTION OF DIRECTOR: J.E. SPERO	For	2675	0	0	0
11	ELECTION OF DIRECTOR: S. TAUREL	For	2675	0	0	0
12	ELECTION OF DIRECTOR: L.H. ZAMBRANO	For	2675	0	0	0
13	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	For	2675	0	0	0
14	APPROVAL OF LONG-TERM INCENTIVE PERFORMANCE TERMS FOR CERTAIN EXECUTIVES PURSUANT TO SECTION 162(M) OF THE INTERNAL REVENUE CODE	For	2675	0	0	0
15	STOCKHOLDER PROPOSAL ON CUMULATIVE VOTING	Against	0	2675	0	0
16	STOCKHOLDER PROPOSAL ON EXECUTIVE COMPENSATION AND PENSION INCOME	Against	0	2675	0	0
17	STOCKHOLDER PROPOSAL ON ADVISORY VOTE ON EXECUTIVE COMPENSATION	Against	0	2675	0	0

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Proxy Voting Record

PRAXAIR, INC.
Security:	74005P104		Meeting Type:	Annual
Ticker:	PX		Meeting Date:	28-Apr-2009
ISIN	US74005P1049		Vote Deadline Date:	27-Apr-2009
Agenda	933012584	Management	Total Ballot Shares:	37276
Last Vote Date:	23-Apr-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	STEPHEN F. ANGEL		3900	0	0	0
	2	NANCE K. DICCIANI		3900	0	0	0
	3	EDWARD G. GALANTE		3900	0	0	0
	4	CLAIRE W. GARGALLI		3900	0	0	0
	5	IRA D. HALL		3900	0	0	0
	6	RAYMOND W. LEBOEUF		3900	0	0	0
	7	LARRY D. MCVAY		3900	0	0	0
	8	WAYNE T. SMITH		3900	0	0	0
	9	H. MITCHELL WATSON, JR.		3900	0	0	0
	10	ROBERT L. WOOD		3900	0	0	0
2	PROPOSAL TO APPROVE THE 2009 PRAXAIR, INC. LONG TERM INCENTIVE PLAN.		For	3900	0	0	0
3	PROPOSAL TO RATIFY THE APPOINTMENT OF THE INDEPENDENT AUDITOR.		For	3900	0	0	0

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Proxy Voting Record

BAXTER INTERNATIONAL INC.
Security:	071813109		Meeting Type:	Annual
Ticker:	BAX		Meeting Date:	05-May-2009
ISIN	US0718131099		Vote Deadline Date:	04-May-2009
Agenda	933016974	Management	Total Ballot Shares:	7488
Last Vote Date:	29-Apr-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: WALTER E. BOOMER	For	4675	0	0	0
2	ELECTION OF DIRECTOR: JAMES R. GAVIN III, M.D., PH.D.	For	4675	0	0	0
3	ELECTION OF DIRECTOR: PETER S. HELLMAN	For	4675	0	0	0
4	ELECTION OF DIRECTOR: K.J. STORM	For	4675	0	0	0
5	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	For	4675	0	0	0
6	SHAREHOLDER PROPOSAL RELATING TO ANIMAL TESTING	Against	0	4675	0	0

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Proxy Voting Record

GILEAD SCIENCES, INC.
Security:	375558103		Meeting Type:	Annual
Ticker:	GILD		Meeting Date:	06-May-2009
ISIN	US3755581036		Vote Deadline Date:	05-May-2009
Agenda	933024248	Management	Total Ballot Shares:	49364
Last Vote Date:	29-Apr-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	PAUL BERG		6200	0	0	0
	2	JOHN F. COGAN		6200	0	0	0
	3	ETIENNE F. DAVIGNON		6200	0	0	0
	4	JAMES M. DENNY		6200	0	0	0
	5	CARLA A. HILLS		6200	0	0	0
	6	JOHN W. MADIGAN		6200	0	0	0
	7	JOHN C. MARTIN		6200	0	0	0
	8	GORDON E. MOORE		6200	0	0	0
	9	NICHOLAS G. MOORE		6200	0	0	0
	10	RICHARD J. WHITLEY		6200	0	0	0
	11	GAYLE E. WILSON		6200	0	0	0
2	TO RATIFY THE SELECTION OF ERNST & YOUNG LLP BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF GILEAD FOR THE FISCAL YEAR ENDING DECEMBER 31, 2009.		For	6200	0	0	0
3	TO APPROVE AN AMENDMENT TO GILEAD'S 2004 EQUITY INCENTIVE PLAN.		For	6200	0	0	0

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Proxy Voting Record

PEPSICO, INC.
Security:	713448108		Meeting Type:	Annual
Ticker:	PEP		Meeting Date:	06-May-2009
ISIN	US7134481081		Vote Deadline Date:	05-May-2009
Agenda	933014906	Management	Total Ballot Shares:	50906
Last Vote Date:	29-Apr-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: S.L. BROWN	For	3285	0	0	0
2	ELECTION OF DIRECTOR: I.M. COOK	For	3285	0	0	0
3	ELECTION OF DIRECTOR: D. DUBLON	For	3285	0	0	0
4	ELECTION OF DIRECTOR: V.J. DZAU	For	3285	0	0	0
5	ELECTION OF DIRECTOR: R.L. HUNT	For	3285	0	0	0
6	ELECTION OF DIRECTOR: A. IBARGUEN	For	3285	0	0	0
7	ELECTION OF DIRECTOR: A.C. MARTINEZ	For	3285	0	0	0
8	ELECTION OF DIRECTOR: I.K. NOOYI	For	3285	0	0	0
9	ELECTION OF DIRECTOR: S.P. ROCKEFELLER	For	3285	0	0	0
10	ELECTION OF DIRECTOR: J.J. SCHIRO	For	3285	0	0	0
11	ELECTION OF DIRECTOR: L.G. TROTTER	For	3285	0	0	0
12	ELECTION OF DIRECTOR: D. VASELLA	For	3285	0	0	0
13	ELECTION OF DIRECTOR: M.D. WHITE	For	3285	0	0	0
14	APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS	For	3285	0	0	0
15	APPROVAL OF PEPSICO, INC. EXECUTIVE INCENTIVE COMPENSATION PLAN	For	3285	0	0	0
16	SHAREHOLDER PROPOSAL - BEVERAGE CONTAINER RECYCLING (PROXY STATEMENT P. 59)	Against	0	3285	0	0
17	SHAREHOLDER PROPOSAL - GENETICALLY ENGINEERED PRODUCTS REPORT (PROXY STATEMENT P. 61)	Against	0	3285	0	0
18	SHAREHOLDER PROPOSAL - CHARITABLE CONTRIBUTIONS REPORT (PROXY STATEMENT P. 63)	Against	0	3285	0	0
19	SHAREHOLDER PROPOSAL - ADVISORY VOTE ON COMPENSATION (PROXY STATEMENT P. 64)	Against	0	3285	0	0

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Proxy Voting Record

SMITH INTERNATIONAL, INC.
Security:	832110100		Meeting Type:	Annual
Ticker:	SII		Meeting Date:	12-May-2009
ISIN	US8321101003		Vote Deadline Date:	11-May-2009
Agenda	933061436	Management	Total Ballot Shares:	6860
Last Vote Date:	12-May-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	ROBERT KELLEY		4400	0	0	0
	2	L.R. LANDIM MACHADO		4400	0	0	0
	3	DOUG ROCK		4400	0	0	0
2	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.		For	4400	0	0	0

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Proxy Voting Record

ANSYS, INC.
Security:	03662Q105		Meeting Type:	Annual
Ticker:	ANSS		Meeting Date:	14-May-2009
ISIN	US03662Q1058		Vote Deadline Date:	13-May-2009
Agenda	933027092	Management	Total Ballot Shares:	73866
Last Vote Date:	12-May-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	PETER J. SMITH		8500	0	0	0
	2	BRADFORD C. MORLEY		8500	0	0	0
	3	PATRICK J. ZILVITIS		8500	0	0	0
2	RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.		For	8500	0	0	0

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Proxy Voting Record

TRANSOCEAN, LTD.
Security:	H8817H100		Meeting Type:	Annual
Ticker:	RIG		Meeting Date:	15-May-2009
ISIN	CH0048265513		Vote Deadline Date:	14-May-2009
Agenda	933083759	Management	Total Ballot Shares:	11221
Last Vote Date:	12-May-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	APPROVAL OF THE 2008 ANNUAL REPORT, THE CONSOLIDATED FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2008 AND THE STATUTORY FINANCIAL STATEMENTS OF TRANSOCEAN LTD.	For	2750	0	0	0
2	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE OFFICERS FOR FISCAL YEAR 2008	For	2750	0	0	0
3	APPROPRIATION OF THE AVAILABLE RETAINED EARNINGS WITHOUT PAYMENT OF A DIVIDEND TO SHAREHOLDERS FOR FISCAL YEAR 2008 AND RELEASE OF CHF 3.5 BILLION OF LEGAL RESERVES TO OTHER RESERVES.	For	2750	0	0	0
4	AUTHORIZATION OF A SHARE REPURCHASE PROGRAM	For	2750	0	0	0
5	APPROVAL OF THE LONG-TERM INCENTIVE PLAN OF TRANSOCEAN LTD. IN THE FORM AS AMENDED AND RESTATED EFFECTIVE AS OF 2/12/09	For	2750	0	0	0
6	REELECTION OF CLASS I DIRECTOR FOR A THREE YEAR TERM: W. RICHARD ANDERSON	For	2750	0	0	0
7	REELECTION OF CLASS I DIRECTOR FOR A THREE YEAR TERM: RICHARD L. GEORGE	For	2750	0	0	0
8	REELECTION OF CLASS I DIRECTOR FOR A THREE YEAR TERM: ROBERT L. LONG	For	2750	0	0	0
9	REELECTION OF CLASS I DIRECTOR FOR A THREE YEAR TERM: EDWARD R. MULLER	For	2750	0	0	0
10	REELECTION OF CLASS III DIRECTOR FOR A TWO- YEAR TERM: VICTOR E. GRIJALVA	For	2750	0	0	0

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Proxy Voting Record

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
11	APPOINTMENT OF ERNST & YOUNG LLP AS TRANSOCEAN LTD.'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2009 AND REELECTION OF ERNST & YOUNG LTD., ZURICH, AS TRANSOCEAN LTD.'S AUDITOR PURSUANT TO THE SWISS CODE OF OBLIGATIONS FOR A FURTHER ONE- YEAR TERM	For	2750	0	0	0

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Proxy Voting Record

AMPHENOL CORPORATION
Security:	032095101		Meeting Type:	Annual
Ticker:	APH		Meeting Date:	20-May-2009
ISIN	US0320951017		Vote Deadline Date:	19-May-2009
Agenda	933071196	Management	Total Ballot Shares:	25201
Last Vote Date:	12-May-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	EDWARD G. JEPSEN		7150	0	0	0
	2	JOHN R. LORD		7150	0	0	0
2	RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY.		For	7150	0	0	0
3	RATIFICATION AND APPROVAL OF THE 2009 AMPHENOL EXECUTIVE INCENTIVE PLAN.		For	7150	0	0	0
4	RATIFICATION AND APPROVAL OF THE 2009 STOCK PURCHASE AND OPTION PLAN FOR KEY EMPLOYEES OF AMPHENOL AND SUBSIDIARIES.		For	7150	0	0	0

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Proxy Voting Record

EXPRESS SCRIPTS, INC.
Security:	302182100		Meeting Type:	Annual
Ticker:	ESRX		Meeting Date:	27-May-2009
ISIN	US3021821000		Vote Deadline Date:	26-May-2009
Agenda	933053035	Management	Total Ballot Shares:	20561
Last Vote Date:	01-Jun-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	GARY G. BENANAV		4300	0	0	0
	2	FRANK J. BORELLI		4300	0	0	0
	3	MAURA C. BREEN		4300	0	0	0
	4	NICHOLAS J. LAHOWCHIC		4300	0	0	0
	5	THOMAS P. MAC MAHON		4300	0	0	0
	6	FRANK MERGENTHALER		4300	0	0	0
	7	WOODROW A. MYERS, JR.,		4300	0	0	0
	8	JOHN O. PARKER, JR.		4300	0	0	0
	9	GEORGE PAZ		4300	0	0	0
	10	SAMUEL K. SKINNER		4300	0	0	0
	11	SEYMOUR STERNBERG		4300	0	0	0
	12	BARRETT A. TOAN		4300	0	0	0
2	RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2009.		For	4300	0	0	0

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Proxy Voting Record

EXXON MOBIL CORPORATION
Security:	30231G102		Meeting Type:	Annual
Ticker:	XOM		Meeting Date:	27-May-2009
ISIN	US30231G1022		Vote Deadline Date:	26-May-2009
Agenda	933046965	Management	Total Ballot Shares:	101137
Last Vote Date:	01-Jun-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	M.J. BOSKIN		4025	0	0	0
	2	L.R. FAULKNER		4025	0	0	0
	3	K.C. FRAZIER		4025	0	0	0
	4	W.W. GEORGE		4025	0	0	0
	5	R.C. KING		4025	0	0	0
	6	M.C. NELSON		4025	0	0	0
	7	S.J. PALMISANO		4025	0	0	0
	8	S.S REINEMUND		4025	0	0	0
	9	R.W. TILLERSON		4025	0	0	0
	10	E.E. WHITACRE, JR.		4025	0	0	0
2	RATIFICATION OF INDEPENDENT AUDITORS (PAGE 50)		For	4025	0	0	0
3	CUMULATIVE VOTING (PAGE 51)		Against	0	4025	0	0
4	SPECIAL SHAREHOLDER MEETINGS (PAGE 53)		Against	0	4025	0	0
5	INCORPORATE IN NORTH DAKOTA (PAGE 54)		Against	0	4025	0	0
6	BOARD CHAIRMAN AND CEO (PAGE 55)		Against	0	4025	0	0
7	SHAREHOLDER ADVISORY VOTE ON EXECUTIVE COMPENSATION (PAGE 57)		Against	0	4025	0	0
8	EXECUTIVE COMPENSATION REPORT (PAGE 59)		Against	0	4025	0	0
9	CORPORATE SPONSORSHIPS REPORT (PAGE 60)		Against	0	4025	0	0
10	AMENDMENT OF EEO POLICY (PAGE 62)		Against	0	4025	0	0
11	GREENHOUSE GAS EMISSIONS GOALS (PAGE 63)		Against	0	4025	0	0
12	CLIMATE CHANGE AND TECHNOLOGY REPORT (PAGE 65)		Against	0	4025	0	0
13	RENEWABLE ENERGY POLICY (PAGE 66)		Against	0	4025	0	0

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Proxy Voting Record

MCDONALD'S CORPORATION
Security:	580135101		Meeting Type:	Annual
Ticker:	MCD		Meeting Date:	27-May-2009
ISIN	US5801351017		Vote Deadline Date:	26-May-2009
Agenda	933053124	Management	Total Ballot Shares:	60034
Last Vote Date:	01-Jun-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	ELECTION OF DIRECTOR: ROBERT A. ECKERT	For	5475	0	0	0
2	ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR.	For	5475	0	0	0
3	ELECTION OF DIRECTOR: JEANNE P. JACKSON	For	5475	0	0	0
4	ELECTION OF DIRECTOR: ANDREW J. MCKENNA	For	5475	0	0	0
5	APPROVAL OF THE APPOINTMENT OF AN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO SERVE AS INDEPENDENT AUDITORS FOR 2009.	For	5475	0	0	0
6	APPROVAL OF PERFORMANCE GOALS FOR CERTAIN QUALIFIED PERFORMANCE-BASED AWARDS UNDER THE MCDONALD'S CORPORATION AMENDED AND RESTATED 2001 OMNIBUS STOCK OWNERSHIP PLAN.	For	5475	0	0	0
7	APPROVAL OF MCDONALD'S CORPORATION 2009 CASH INCENTIVE PLAN.	For	5475	0	0	0
8	SHAREHOLDER PROPOSAL RELATING TO SHAREHOLDER VOTE ON EXECUTIVE COMPENSATION.	Against	0	5475	0	0
9	SHAREHOLDER PROPOSAL RELATING TO THE USE OF CAGE-FREE EGGS.	Against	0	5475	0	0

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Proxy Voting Record

ACTIVISION BLIZZARD INC
Security:	00507V109		Meeting Type:	Annual
Ticker:	ATVI		Meeting Date:	05-Jun-2009
ISIN	US00507V1098		Vote Deadline Date:	04-Jun-2009
Agenda	933066842	Management	Total Ballot Shares:	148454
Last Vote Date:	01-Jun-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	PHILIPPE G. H. CAPRON		16150	0	0	0
	2	ROBERT J. CORTI		16150	0	0	0
	3	FREDERIC R. CREPIN		16150	0	0	0
	4	BRIAN G. KELLY		16150	0	0	0
	5	ROBERT A. KOTICK		16150	0	0	0
	6	JEAN-BERNARD LEVY		16150	0	0	0
	7	ROBERT J. MORGADO		16150	0	0	0
	8	DOUGLAS P. MORRIS		16150	0	0	0
	9	STEPHANE ROUSSEL		16150	0	0	0
	10	RICHARD SARNOFF		16150	0	0	0
	11	REGIS TURRINI		16150	0	0	0
2	APPROVAL OF AN AMENDMENT TO THE 2008 INCENTIVE PLAN.		For	16150	0	0	0

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Proxy Voting Record

FREEPORT-MCMORAN COPPER & GOLD INC.
Security:	35671D857		Meeting Type:	Annual
Ticker:	FCX		Meeting Date:	11-Jun-2009
ISIN	US35671D8570		Vote Deadline Date:	10-Jun-2009
Agenda	933071754	Management	Total Ballot Shares:	44268
Last Vote Date:	10-Jun-2009

Item	Proposal		Recommendation	For	Against	Abstain	Take No Action
1	DIRECTOR		For
	1	RICHARD C. ADKERSON		5100	0	0	0
	2	ROBERT J. ALLISON, JR.		5100	0	0	0
	3	ROBERT A. DAY		5100	0	0	0
	4	GERALD J. FORD		5100	0	0	0
	5	H. DEVON GRAHAM, JR.		5100	0	0	0
	6	J. BENNETT JOHNSTON		5100	0	0	0
	7	CHARLES C. KRULAK		5100	0	0	0
	8	BOBBY LEE LACKEY		5100	0	0	0
	9	JON C. MADONNA		5100	0	0	0
	10	DUSTAN E. MCCOY		5100	0	0	0
	11	GABRIELLE K. MCDONALD		5100	0	0	0
	12	JAMES R. MOFFETT		5100	0	0	0
	13	B. M. RANKIN, JR.		5100	0	0	0
	14	J. STAPLETON ROY		5100	0	0	0
	15	STEPHEN H. SIEGELE		5100	0	0	0
	16	J. TAYLOR WHARTON		5100	0	0	0
2	RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITOR.		For	5100	0	0	0
3	APPROVAL OF THE PROPOSED 2009 ANNUAL INCENTIVE PLAN.		For	5100	0	0	0
4	STOCKHOLDER PROPOSAL REGARDING THE SELECTION OF A CANDIDATE WITH ENVIRONMENTAL EXPERTISE TO BE RECOMMENDED FOR ELECTION TO THE COMPANY'S BOARD OF DIRECTORS.		Against	0	5100	0	0

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Proxy Voting Record

TEVA PHARMACEUTICAL INDUSTRIES LIMITED
Security:	881624209		Meeting Type:	Annual
Ticker:	TEVA		Meeting Date:	22-Jun-2009
ISIN	US8816242098		Vote Deadline Date:	11-Jun-2009
Agenda	933094384	Management	Total Ballot Shares:	37091
Last Vote Date:	10-Jun-2009

Item	Proposal	Recommendation	For	Against	Abstain	Take No Action
1	TO APPROVE THE BOARD OF DIRECTORS' RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2008, WHICH WAS PAID IN FOUR INSTALLMENTS AND AGGREGATED NIS 1.95 (APPROXIMATELY US$0.525, ACCORDING TO THE APPLICABLE EXCHANGE RATES) PER ORDINARY SHARE (OR ADS), BE DECLARED FINAL.	For	4000	0	0	0
2	ELECTION OF DIRECTOR: DR. PHILLIP FROST	For	4000	0	0	0
3	ELECTION OF DIRECTOR: ROGER ABRAVANEL	For	4000	0	0	0
4	ELECTION OF DIRECTOR: PROF. ELON KOHLBERG	For	4000	0	0	0
5	ELECTION OF DIRECTOR: PROF. YITZHAK PETERBURG	For	4000	0	0	0
6	ELECTION OF DIRECTOR: EREZ VIGODMAN	For	4000	0	0	0
7	TO APPOINT KESSELMAN & KESSELMAN, A MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM UNTIL THE 2010 ANNUAL MEETING OF SHAREHOLDERS AND TO AUTHORIZE THE BOARD OF DIRECTORS TO DETERMINE THEIR COMPENSATION PROVIDED SUCH COMPENSATION IS ALSO APPROVED BY THE AUDIT COMMITTEE.	For	4000	0	0	0

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SIGNATURES

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

(Registrant):  The Appleton Funds

By (Signatures and Title):

/s/ James I. Ladge                           

James I. Ladge, President

Date:  August 17, 2009

By (Signatures and Title):

/s/ James I. Ladge                           

James I. Ladge, Chief Executive Officer

Date:  August 17, 2009

*Print the name and title of each signing officer under his or her signature.