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 811-21198
Name of Fund: BBIF Tax-Exempt Fund
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John Perlowski, Chief Executive Officer, BBIF Tax-Exempt Fund, 55 East 52nd Street,
New York City, NY 10055.
Registrant’s telephone number, including area code: (800) 626-1960
Date of fiscal year end: 03/31
Date of reporting period: 07/01/2011 – 06/30/2012
Item 1 – Proxy Voting Record – There were no matters relating to a portfolio security considered at any shareholder meeting held during the period ended June 30, 2012 with respect to which the registrant was entitled to vote.
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.
| BBIF Tax-Exempt Fund | ||
| By: | /s/ John Perlowski | |
| John Perlowski | ||
| Chief Executive Officer of | ||
| BBIF Tax-Exempt Fund | ||
| Date: | August 27, 2012 | |