Salient Private Access Master Fund L P NPX Annual report of proxy voting record

Salient Private Access Master Fund L P N-PXAnnual report of proxy voting record

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: 811-21527

THE ENDOWMENT MASTER FUND, L.P.

(Exact name of registrant as specified in charter)

4265 SAN FELIPE, SUITE 800

HOUSTON, TEXAS 77027

(Address of principal executive offices) (Zip code)

George Zornada, Esq.

K&L Gates

State Street Financial Center

One Lincoln Street

Boston, MA 02111

(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 993-4675

Date of fiscal year end: December 31

Date of reporting period: July 1, 2010 through June 30, 2011

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 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

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

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2010 TO JUNE 30, 2011

Investment Company Report


Master Fund

ABERDEEN ASIA-PACIFIC INCOME FUND, I

	Security:	003009107	Agenda Number:	932436769

	Ticker:	FAX	Meeting Type:	Annual

	ISIN:		Meeting Date:	09-Mar-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 DAVID L. ELSUM	Mgmt	For	For

	2 MARTIN J. GILBERT	Mgmt	For	For

	3 WILLIAM J. POTTER	Mgmt	For	For

Investment Company Report


Master Fund

ABERDEEN ASIA-PACIFIC INCOME FUND, I

	Security:	003009107	Agenda Number:	932632373

	Ticker:	FAX	Meeting Type:	Annual

	ISIN:		Meeting Date:	08-Mar-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 NEVILLE J. MILES	Mgmt	For	For

	2 JOHN T. SHEEHY	Mgmt	For	For

Investment Company Report


Master Fund

ABERDEEN ASIA-PACIFIC INCOME FUND, INC.

	Security:	003009107	Agenda Number:	932815559

	Ticker:	FAX	Meeting Type:	Annual

	ISIN:	US0030091070	Meeting Date:	25-Mar-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 P. GERALD MALONE	Mgmt	For	For

	2 PETER D. SACKS	Mgmt	For	For

Investment Company Report


Master Fund

BAKER HUGHES INCORPORATED

	Security:	057224OIH	Agenda Number:	932825497

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	24-Apr-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTORS

	1 LARRY D. BRADY	Mgmt	For	For

	2 CLARENCE P. CAZALOT, JR	Mgmt	For	For

	3 CHAD C. DEATON	Mgmt	For	For

	4 EDWARD P. DJEREJIAN	Mgmt	For	For

	5 ANTHONY G. FERNANDES	Mgmt	For	For

	6 CLAIRE W. GARGALLI	Mgmt	For	For

	7 PIERRE H. JUNGELS	Mgmt	For	For

	8 JAMES A. LASH	Mgmt	For	For

	9 JAMES F. MCCALL	Mgmt	For	For

	10 J. LARRY NICHOLS	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	11 H. JOHN RILEY, JR.	Mgmt	For	For

	12 CHARLES L. WATSON	Mgmt	For	For

02	RATIFICATION OF DELOITTE & TOUCHE AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2008.	Mgmt	For	For

03	PROPOSAL TO APPROVE THE PERFORMANCE CRITERIA FOR AWARDS UNDER THE 2002 DIRECTOR & OFFICER LONG-TERM INCENTIVE PLAN.	Mgmt	For	For

04	SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY RECONVENED MEETING AFTER AN ADJOURNMENT THEREOF.	Mgmt	Abstain	Against

Investment Company Report


Master Fund

BAKER HUGHES INCORPORATED

	Security:	057224OIH	Agenda Number:	933380494

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	28-Apr-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 LARRY D. BRADY	Mgmt	No vote

	2 CLARENCE P. CAZALOT, JR	Mgmt	No vote

	3 CHAD C. DEATON	Mgmt	No vote

	4 ANTHONY G. FERNANDES	Mgmt	No vote

	5 CLAIRE W. GARGALLI	Mgmt	No vote

	6 PIERRE H. JUNGELS	Mgmt	No vote

	7 JAMES A. LASH	Mgmt	No vote

	8 J. LARRY NICHOLS	Mgmt	No vote

	9 H. JOHN RILEY, JR.	Mgmt	No vote

	10 JAMES W. STEWART	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	11 CHARLES L. WATSON	Mgmt	No vote

02	VOTE TO RATIFY DELOITTE & TOUCHE LLP AS OUR INDEPENDENT PUBLIC ACCOUNTANT FIRM FOR 2011.	Mgmt	No vote

03	PROPOSAL TO REAPPROVE THE PERFORMANCE CRITERIA FOR AWARDS UNDER THE ANNUAL INCENTIVE COMPENSATION PLAN, AS REQUIRED BY SECTION 162(M) OF THE INTERNAL REVENUE CODE.	Mgmt	No vote

04	PROPOSAL TO APPROVE THE ADVISORY (NON-BINDING) RESOLUTION RELATING TO EXECUTIVE COMPENSATION.	Mgmt	No vote

05	PROPOSAL TO APPROVE THE ADVISORY (NON-BINDING) RESOLUTION RELATING TO THE EXECUTIVE COMPENSATION FREQUENCY STOCKHOLDER VOTE.	Mgmt	No vote

06	STOCKHOLDER PROPOSAL REGARDING MAJORITY VOTE STANDARD FOR DIRECTOR ELECTIONS.	Shr	No vote

Investment Company Report


Meeting Date Range:	01-Jul-10 - 30-Jun-2011	Report Date:	01-Jul-2011
			Page 8 of 99


Master Fund

BJ SERVICES COMPANY

	Security:	055482OIH	Agenda Number:	932799084

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	07-Feb-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 L. WILLIAM HEILIGBRODT	Mgmt	For	For

	2 JAMES L. PAYNE	Mgmt	For	For

	3 J.W. STEWART	Mgmt	For	For

02	TO APPROVE THE BJ SERVICES COMPANY 2008 EMPLOYEE STOCK PURCHASE PLAN.	Mgmt	For	For

03	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY’S INDEPENDENT AUDITOR FOR THE FISCAL YEAR 2008.	Mgmt	For	For

Investment Company Report


Master Fund

BLACKROCK BROAD INV GRD 2009 TRM TR

	Security:	09247Q106	Agenda Number:	932497046

	Ticker:	BCT	Meeting Type:	Annual

	ISIN:		Meeting Date:	23-May-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ANDREW F. BRIMMER	Mgmt	For	*

	2 KENT DIXON	Mgmt	For	*

	3 ROBERT S. KAPITO	Mgmt	For	*

An * in the For/Against management field indicates management position unknown since information regarding non-U.S. issuers is not readily available.

Investment Company Report


Master Fund

BLACKROCK BROAD INV GRD 2009 TRM TR

	Security:	09247Q106	Agenda Number:	932558616

	Ticker:	BCT	Meeting Type:	Special

	ISIN:		Meeting Date:	22-Sep-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT MANAGEMENT AGREEMENT.	Mgmt	For	For

02	TO APPROVE A NEW INVESTMENT SUB-ADVISORY AGREEMENT.	Mgmt	For	For

Investment Company Report

Master Fund

BLACKROCK FUNDS



Security:	091937524	Agenda Number:	932559846

Ticker:	SSGRX	Meeting Type:	Special

ISIN:		Meeting Date:	27-Sep-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT ADVISORY AGREEMENT WITH BLACKROCK ADVISORS, INC. OR BLACKROCK FINANCIAL MANAGEMENT, INC., AS APPLICABLE.	Mgmt	For	For

Investment Company Report


Master Fund

BLACKROCK INCOME OPPORTUNITY TRUST

	Security:	092475102	Agenda Number:	932497096

	Ticker:	BNA	Meeting Type:	Annual

	ISIN:		Meeting Date:	23-May-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 FRANK J. FABOZZI	Mgmt	For	*

	2 KATHLEEN F. FELDSTEIN	Mgmt	For	*

	3 RALPH L. SCHLOSSTEIN	Mgmt	For	*

An * in the For/Against management field indicates management position unknown since information regarding non-U.S. issuers is not readily available.

Investment Company Report


Master Fund

BLACKROCK INCOME OPPORTUNITY TRUST

	Security:	092475102	Agenda Number:	932558616

	Ticker:	BNA	Meeting Type:	Special

	ISIN:		Meeting Date:	22-Sep-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT MANAGEMENT AGREEMENT.	Mgmt	For	For

02	TO APPROVE A NEW INVESTMENT SUB-ADVISORY AGREEMENT.	Mgmt	For	For

Investment Company Report


Master Fund

CAMERON INTERNATIONAL CORPORATION

	Security:	13342BOIH	Agenda Number:	932789463

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	07-Dec-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	AMENDMENT TO THE COMPANY’S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 150,000,000 TO 400,000,000.	Mgmt	For	For

Investment Company Report


Master Fund

CAMERON INTERNATIONAL CORPORATION

	Security:	13342BOIH	Agenda Number:	932846984

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	14-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 PETER J. FLUOR	Mgmt	Split 66% For	Split

	2 JACK B. MOORE	Mgmt	Split 66% For	Split

	3 DAVID ROSS III	Mgmt	Split 66% For	Split

02	RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS CAMERON’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2008.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

CAMERON INTERNATIONAL CORPORATION

	Security:	13342BOIH	Agenda Number:	933393047

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	03-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: PETER J. FLUOR	Mgmt	No vote

1B	ELECTION OF DIRECTOR: JACK B. MOORE	Mgmt	No vote

1C	ELECTION OF DIRECTOR: DAVID ROSS	Mgmt	No vote

02	TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR 2011.	Mgmt	No vote

03	TO APPROVE THE COMPANY’S 2011 MANAGEMENT INCENTIVE COMPENSATION PLAN.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
04	TO APPROVE AN AMENDMENT TO THE COMPANY’S 2005 EQUITY INCENTIVE PLAN TO CHANGE THE OPTION TERM FROM SEVEN TO TEN YEARS.	Mgmt	No vote

05	TO CONDUCT AN ADVISORY VOTE ON THE COMPANY’S 2010 EXECUTIVE COMPENSATION.	Mgmt	No vote

06	TO CONDUCT AN ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION.	Mgmt	No vote

Investment Company Report


Master Fund

CARDIONET, INC.

	Security:	14159L103	Agenda Number:	933029438

	Ticker:	BEAT	Meeting Type:	Annual

	ISIN:	US14159L1035	Meeting Date:	08-May-09


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 RANDY H. THURMAN	Mgmt	No vote

	2 KIRK E. GORMAN	Mgmt	No vote

02	TO RATIFY THE SELECTION BY THE AUDIT COMMITTEE OF OUR BOARD OF DIRECTORS OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2009.	Mgmt	No vote

03	TO APPROVE AN AMENDMENT TO THE CARDIONET, INC. 2008 NON-EMPLOYEE DIRECTORS’ STOCK OPTION PLAN AND ALL OUTSTANDING OPTIONS GRANTED THEREUNDER TO DATE TO EXTEND THE POST-TERMINATION EXERCISE PERIOD FOR VESTED OPTIONS FROM THREE MONTHS FOLLOWING DIRECTOR’S TERMINATION OF SERVICE TO THE REMAINDER OF THE OPTION TERM IN EFFECT AT THE TIME OF THE DIRECTOR’S TERMINATION OF SERVICE.	Mgmt	No vote

Investment Company Report


Master Fund

DIAMOND OFFSHORE DRILLING, INC.

	Security:	25271COIH	Agenda Number:	932868992

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	20-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JAMES S. TISCH	Mgmt	Split 66% For	Split

	2 LAWRENCE R. DICKERSON	Mgmt	Split 66% For	Split

	3 JOHN R. BOLTON	Mgmt	Split 66% For	Split

	4 CHARLES L. FABRIKANT	Mgmt	Split 66% For	Split

	5 PAUL G. GAFFNEY II	Mgmt	Split 66% For	Split

	6 HERBERT C. HOFMANN	Mgmt	Split 66% For	Split

	7 ARTHUR L. REBELL	Mgmt	Split 66% For	Split

	8 RAYMOND S. TROUBH	Mgmt	Split 66% For	Split

02	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR FISCAL YEAR 2008.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

DIAMOND OFFSHORE DRILLING, INC.

	Security:	25271COIH	Agenda Number:	933414447

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	23-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: JAMES S. TISCH	Mgmt	No vote

1B	ELECTION OF DIRECTOR: LAWRENCE R. DICKERSON	Mgmt	No vote

1C	ELECTION OF DIRECTOR: JOHN R. BOLTON	Mgmt	No vote

1D	ELECTION OF DIRECTOR: CHARLES L. FABRIKANT	Mgmt	No vote

1E	ELECTION OF DIRECTOR: PAUL G. GAFFNEY II	Mgmt	No vote

1F	ELECTION OF DIRECTOR: EDWARD GREBOW	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1G	ELECTION OF DIRECTOR: HERBERT C. HOFMANN	Mgmt	No vote

1H	ELECTION OF DIRECTOR: ANDREW H. TISCH	Mgmt	No vote

1I	ELECTION OF DIRECTOR: RAYMOND S. TROUBH	Mgmt	No vote

02	RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR FISCAL YEAR 2011.	Mgmt	No vote

03	TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.	Mgmt	No vote

04	TO RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY OF EXECUTIVE COMPENSATION VOTES.	Mgmt	No vote

Investment Company Report


Master Fund

ENSCO INTERNATIONAL INCORPORATED

	Security:	26874QOIH	Agenda Number:	932846580

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	22-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF CLASS II DIRECTOR FOR A TERM TO EXPIRE IN 2011: J. RODERICK CLARK	Mgmt	Split 66% For	Split

1B	ELECTION OF CLASS II DIRECTOR FOR A TERM TO EXPIRE IN 2011: DANIEL W. RABUN	Mgmt	Split 66% For	Split

1C	ELECTION OF CLASS II DIRECTOR FOR A TERM TO EXPIRE IN 2011: KEITH O. RATTIE	Mgmt	Split 66% For	Split

1D	ELECTION OF CLASS I DIRECTOR FOR A TERM TO EXPIRE IN 2009: C. CHRISTOPHER GAUT	Mgmt	Split 66% For	Split

02	RATIFICATION OF THE AUDIT COMMITTEE’S APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

ENSCO PLC

	Security:	29358QOIH	Agenda Number:	933414461

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	24-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
O1	AN ORDINARY RESOLUTION TO RE-ELECT J. RODERICK CLARK AS A CLASS III DIRECTOR OF ENSCO PLC FOR A TERM TO EXPIRE AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD IN 2014.	Mgmt	No vote

O2	AN ORDINARY RESOLUTION TO RE-ELECT DANIEL W. RABUN AS A CLASS III DIRECTOR OF ENSCO PLC FOR A TERM TO EXPIRE AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD IN 2014.	Mgmt	No vote

O3	AN ORDINARY RESOLUTION TO RE-ELECT KEITH O. RATTIE AS A CLASS III DIRECTOR OF ENSCO PLC FOR A TERM TO EXPIRE AT THE ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD IN 2014.	Mgmt	No vote

O4	AN ORDINARY RESOLUTION TO RATIFY THE AUDIT COMMITTEE’S APPOINTMENT OF KPMG LLP AS OUR U.S. INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2011.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
O5	AN ORDINARY RESOLUTION TO RE-APPOINT KPMG AUDIT PLC AS OUR U.K. STATUTORY AUDITORS UNDER COMPANIES ACT 2006 (TO HOLD OFFICE UNTIL THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING AT WHICH ACCOUNTS ARE LAID BEFORE THE COMPANY).	Mgmt	No vote

O6	AN ORDINARY RESOLUTION TO AUTHORIZE THE AUDIT COMMITTEE TO DETERMINE OUR U.K. STATUTORY AUDITORS’ REMUNERATION.	Mgmt	No vote

S7	A SPECIAL RESOLUTION REGARDING THE PAYMENT OF HISTORIC DIVIDENDS TO SHAREHOLDERS TO RATIFY AND CONFIRM THE ENTRY IN THE U.K. STATUTORY ACCOUNTS OF ENSCO PLC FOR THE YEAR ENDED 31 DECEMBER 2010 WHEREBY DISTRIBUTABLE PROFITS HAVE BEEN APPROPRIATED TO THE PAYMENT OF HISTORIC DIVIDENDS ON 18 JUNE 2010, 17 SEPTEMBER 2010 AND 17 DECEMBER 2010.	Mgmt	No vote

S8	A SPECIAL RESOLUTION REGARDING THE PAYMENT OF HISTORIC DIVIDENDS TO SHAREHOLDERS TO RELEASE ANY AND ALL CLAIMS THAT ENSCO PLC MAY HAVE AGAINST SHAREHOLDERS OF RECORD OR ADS HOLDERS IN RESPECT OF THE HISTORIC DIVIDENDS AND TO AUTHORIZE AN ASSOCIATED DEED OF RELEASE.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
S9	A SPECIAL RESOLUTION REGARDING THE PAYMENT OF HISTORIC DIVIDENDS TO SHAREHOLDERS TO RELEASE ANY AND ALL CLAIMS THAT ENSCO PLC MAY HAVE AGAINST ITS DIRECTORS WITH RESPECT TO THE PAYMENT OF THE HISTORIC DIVIDENDS AND TO ENTER INTO AN ASSOCIATED DEED OF RELEASE.	Mgmt	No vote

10	A NON-BINDING ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	Mgmt	No vote

11	A NON-BINDING ADVISORY VOTE TO CONDUCT THE NON-BINDING ADVISORY SHAREHOLDER VOTES ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS EVERY YEAR, TWO YEARS OR THREE YEARS.	Mgmt	No vote

Investment Company Report


Master Fund

ENSCO PLC

	Security:	29358QOIH	Agenda Number:	933444515

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	31-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVAL OF THE ISSUANCE AND DELIVERY OF ENSCO AMERICAN DEPOSITARY SHARES PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED AS OF FEBRUARY 6, 2011 AND AS AMENDED ON MARCH 1, 2011, BY AND AMONG ENSCO PLC, PRIDE INTERNATIONAL, INC., ENSCO INTERNATIONAL INCORPORATED AND ENSCO VENTURES LLC, AS IT MAY BE AMENDED FROM TIME TO TIME.	Mgmt	No vote

Investment Company Report


Master Fund

EXTERRAN HOLDINGS INC.

	Security:	410768OIH	Agenda Number:	932866099

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	06-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JANET F. CLARK	Mgmt	Split 66% For	Split

	2 ERNIE L. DANNER	Mgmt	Split 66% For	Split

	3 URIEL E. DUTTON	Mgmt	Split 66% For	Split

	4 GORDON T. HALL	Mgmt	Split 66% For	Split

	5 J.W.G. HONEYBOURNE	Mgmt	Split 66% For	Split

	6 JOHN E. JACKSON	Mgmt	Split 66% For	Split

	7 WILLIAM C. PATE	Mgmt	Split 66% For	Split

	8 STEPHEN M. PAZUK	Mgmt	Split 66% For	Split

	9 STEPHEN A. SNIDER	Mgmt	Split 66% For	Split

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
02	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS EXTERRAN HOLDINGS, INC.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

EXTERRAN HOLDINGS, INC.

	Security:	30225XOIH	Agenda Number:	933397413

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	03-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JANET F. CLARK	Mgmt	No vote

	2 ERNIE L. DANNER	Mgmt	No vote

	3 URIEL E. DUTTON	Mgmt	No vote

	4 GORDON T. HALL	Mgmt	No vote

	5 J.W.G. HONEYBOURNE	Mgmt	No vote

	6 MARK A. MCCOLLUM	Mgmt	No vote

	7 WILLIAM C. PATE	Mgmt	No vote

	8 STEPHEN M. PAZUK	Mgmt	No vote

	9 CHRISTOPHER T. SEAVER	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
02	RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS EXTERRAN HOLDINGS, INC.’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2011.	Mgmt	No vote

03	ADVISORY, NON-BINDING VOTE ON THE COMPENSATION PROVIDED TO OUR NAMED EXECUTIVE OFFICERS.	Mgmt	No vote

04	ADVISORY, NON-BINDING VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER ADVISORY VOTES ON THE COMPENSATION PROVIDED TO OUR NAMED EXECUTIVE OFFICERS.	Mgmt	No vote

05	APPROVAL OF AMENDMENT NO. 4 TO THE EXTERRAN HOLDINGS, INC. AMENDED AND RESTATED 2007 STOCK INCENTIVE PLAN.	Mgmt	No vote

06	APPROVAL OF AMENDMENT NO. 2 TO THE EXTERRAN HOLDINGS, INC. EMPLOYEE STOCK PURCHASE PLAN.	Mgmt	No vote

Investment Company Report


Master Fund

FIDELITY INVESTMENT TRUST

	Security:	315910760	Agenda Number:	932822186

	Ticker:	FJSCX	Meeting Type:	Special

	ISIN:	US3159107602	Meeting Date:	18-Jun-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JAMES C. CURVEY	Mgmt	For	For

	2 DENNIS J. DIRKS	Mgmt	For	For

	3 EDWARD C. JOHNSON 3D	Mgmt	For	For

	4 ALAN J. LACY	Mgmt	For	For

	5 NED C. LAUTENBACH	Mgmt	For	For

	6 JOSEPH MAURIELLO	Mgmt	For	For

	7 CORNELIA M. SMALL	Mgmt	For	For

	8 WILLIAM S. STAVROPOULOS	Mgmt	For	For

	9 DAVID M. THOMAS	Mgmt	For	For

	10 MICHAEL E. WILEY	Mgmt	For	For

Investment Company Report


Master Fund

GLOBALSANTAFE CORPORATION

	Security:	G3930EOIH	Agenda Number:	932778395

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	09-Nov-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVAL OF THE SCHEME OF ARRANGEMENT, ATTACHED TO THE ACCOMPANYING JOINT PROXY STATEMENT AS ANNEX H. NOTE THIS ITEM TO BE VOTED ON AT THE FIRST PART OF THE SHAREHOLDERS MEETING, WHICH PART IS CONVENED PURSUANT TO THE ORDER OF THE GRAND COURT OF THE CAYMAN ISLANDS	Mgmt	For	For

02	APPROVAL OF THE SCHEME OF ARRANGEMENT, ATTACHED TO THE ACCOMPANYING JOINT PROXY STATEMENT AS ANNEX H. NOTE THIS ITEM TO BE VOTED ON AT THE SECOND PART OF THE SHAREHOLDERS MEETING, WHICH PART IS CONVENED IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION	Mgmt	For	For

Investment Company Report


Master Fund

GRANT PRIDECO, INC.

	Security:	38821GOIH	Agenda Number:	932842518

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	21-Apr-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	ADOPTION OF MERGER AGREEMENT: TO APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF DECEMBER 16, 2007, AMONG NATIONAL OILWELL VARCO, INC. (“NATIONAL OILWELL VARCO”), NOV SUB, INC. (“NOV SUB”), A WHOLLY OWNED SUBSIDIARY OF NATIONAL OILWELL VARCO, AND GRANT PRIDECO, INC. (“GRANT PRIDECO”), ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

HALLIBURTON COMPANY

	Security:	406216OIH	Agenda Number:	932852076

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	21-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTIONOF DIRECTOR: A.M. BENNETT	Mgmt	Split 66% For	Split

1B	ELECTION OF DIRECTOR: J.R. BOYD	Mgmt	Split 66% For	Split

1C	ELECTION OF DIRECTOR: M. CARROLL	Mgmt	Split 66% For	Split

1D	ELECTION OF DIRECTOR: K.T. DERR	Mgmt	Split 66% For	Split

1E	ELECTION OF DIRECTOR: S.M. GILLIS	Mgmt	Split 66% For	Split

1F	ELECTION OF DIRECTOR: J.T. HACKETT	Mgmt	Split 66% For	Split

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1G	ELECTION OF DIRECTOR: D.J. LESAR	Mgmt	Split 66% For	Split

1H	ELECTION OF DIRECTOR: J.L. MARTIN	Mgmt	Split 66% For	Split

1I	ELECTION OF DIRECTOR: J.A. PRECOURT	Mgmt	Split 66% For	Split

1J	ELECTION OF DIRECTOR: D.L. REED	Mgmt	Split 66% For	Split

02	PROPOSAL FOR RATIFICATION OF THE SELECTION OF AUDITORS.	Mgmt	Split 66% For	Split

03	PROPOSAL ON REAPPROVAL OF MATERIAL TERMS OF PERFORMANCE GOALS UNDER 1993 STOCK AND INCENTIVE PLAN.	Mgmt	Split 66% For	Split

04	PROPOSAL ON HUMAN RIGHTS POLICY.	Shr	Split 66% Abstain	Against

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
05	PROPOSAL ON POLITICAL CONTRIBUTIONS.	Shr	Split 66% Abstain	Against

06	PROPOSAL ON HUMAN RIGHTS BOARD COMMITTEE.	Shr	Split 66% Abstain	Against

Investment Company Report


Master Fund

HALLIBURTON COMPANY

	Security:	406216OIH	Agenda Number:	933402668

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	19-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: A.M. BENNETT	Mgmt	No vote

1B	ELECTION OF DIRECTOR: J.R. BOYD	Mgmt	No vote

1C	ELECTION OF DIRECTOR: M. CARROLL	Mgmt	No vote

1D	ELECTION OF DIRECTOR: N.K. DICCIANI	Mgmt	No vote

1E	ELECTION OF DIRECTOR: S.M. GILLIS	Mgmt	No vote

1F	ELECTION OF DIRECTOR: A.S. JUM’AH	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1G	ELECTION OF DIRECTOR: D.J. LESAR	Mgmt	No vote

1H	ELECTION OF DIRECTOR: R.A. MALONE	Mgmt	No vote

1I	ELECTION OF DIRECTOR: J.L. MARTIN	Mgmt	No vote

1J	ELECTION OF DIRECTOR: D.L. REED	Mgmt	No vote

02	PROPOSAL FOR RATIFICATION OF THE SELECTION OF AUDITORS.	Mgmt	No vote

03	PROPOSAL FOR ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Mgmt	No vote

04	PROPOSAL FOR ADVISORY VOTE ON THE FREQUENCY OF AN ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
05	PROPOSAL ON HUMAN RIGHTS POLICY.	Shr	No vote

06	PROPOSAL ON POLITICAL CONTRIBUTIONS.	Shr	No vote

Investment Company Report


Master Fund

ING MUTUAL FUNDS

	Security:	44980Q518	Agenda Number:	932770476

	Ticker:	IIRIX	Meeting Type:	Special

	ISIN:	US44980Q5181	Meeting Date:	31-Dec-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 COLLEEN D. BALDWIN	Mgmt	For	For

	2 JOHN V. BOYER	Mgmt	For	For

	3 PATRICIA W. CHADWICK	Mgmt	For	For

	4 ROBERT W. CRISPIN	Mgmt	For	For

	5 PETER S. DROTCH	Mgmt	For	For

	6 J. MICHAEL EARLEY	Mgmt	For	For

	7 PATRICK W. KENNY	Mgmt	For	For

	8 SHAUN P. MATHEWS	Mgmt	For	For

	9 SHERYL K. PRESSLER	Mgmt	For	For

	10 DAVID W.C. PUTNAM	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
11	ROGERB. VINCENT	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287E22	Agenda Number:	933136029

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 GEORGE G.C. PARKER	Mgmt	For	For

	2 J. DARRELL DUFFIE	Mgmt	For	For

	3 CECILIA H. HERBERT	Mgmt	For	For

	4 CHARLES A. HURTY	Mgmt	For	For

	5 JOHN E. KERRIGAN	Mgmt	For	For

	6 ROBERT H. SILVER	Mgmt	For	For

	7 LEE T. KRANEFUSS	Mgmt	For	For

	8 JOHN E. MARTINEZ	Mgmt	For	For

	9 ROBERT S. KAPITO	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287F44	Agenda Number:	933136029

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 GEORGE G.C. PARKER	Mgmt	For	For

	2 J. DARRELL DUFFIE	Mgmt	For	For

	3 CECILIA H. HERBERT	Mgmt	For	For

	4 CHARLES A. HURTY	Mgmt	For	For

	5 JOHN E. KERRIGAN	Mgmt	For	For

	6 ROBERT H. SILVER	Mgmt	For	For

	7 LEE T. KRANEFUSS	Mgmt	For	For

	8 JOHN E. MARTINEZ	Mgmt	For	For

	9 ROBERT S. KAPITO	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287H22	Agenda Number:	933136029

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 GEORGE G.C. PARKER	Mgmt	For	For

	2 J. DARRELL DUFFIE	Mgmt	For	For

	3 CECILIA H. HERBERT	Mgmt	For	For

	4 CHARLES A. HURTY	Mgmt	For	For

	5 JOHN E. KERRIGAN	Mgmt	For	For

	6 ROBERT H. SILVER	Mgmt	For	For

	7 LEE T. KRANEFUSS	Mgmt	For	For

	8 JOHN E. MARTINEZ	Mgmt	For	For

	9 ROBERT S. KAPITO	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287234	Agenda Number:	933136031

	Ticker:	EEM	Meeting Type:	Special

	ISIN:	US4642872349	Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT ADVISORY AGREEMENT BETWEEN EACH COMPANY, ON BEHALF OF EACH OF ITS FUNDS, AND BARCLAYS GLOBAL FUND ADVISORS.	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287432	Agenda Number:	933136031

	Ticker:	TLT	Meeting Type:	Special

	ISIN:	US4642874329	Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT ADVISORY AGREEMENT BETWEEN EACH COMPANY, ON BEHALF OF EACH OF ITS FUNDS, AND BARCLAYS GLOBAL FUND ADVISORS.	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES TRUST

	Security:	464287614	Agenda Number:	933136031

	Ticker:	IWF	Meeting Type:	Special

	ISIN:	US4642876142	Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT ADVISORY AGREEMENT BETWEEN EACH COMPANY, ON BEHALF OF EACH OF ITS FUNDS, AND BARCLAYS GLOBAL FUND ADVISORS.	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES, INC.

	Security:	464286C88	Agenda Number:	933136029

	Ticker:		Meeting Type:	Special

	ISIN:		Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 GEORGE G.C. PARKER	Mgmt	For	For

	2 J. DARRELL DUFFIE	Mgmt	For	For

	3 CECILIA H. HERBERT	Mgmt	For	For

	4 CHARLES A. HURTY	Mgmt	For	For

	5 JOHN E. KERRIGAN	Mgmt	For	For

	6 ROBERT H. SILVER	Mgmt	For	For

	7 LEE T. KRANEFUSS	Mgmt	For	For

	8 JOHN E. MARTINEZ	Mgmt	For	For

	9 ROBERT S. KAPITO	Mgmt	For	For

Investment Company Report


Master Fund

ISHARES, INC.

	Security:	464286871	Agenda Number:	933136043

	Ticker:	EWH	Meeting Type:	Special

	ISIN:	US4642868719	Meeting Date:	28-Jan-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE A NEW INVESTMENT ADVISORY AGREEMENT BETWEEN EACH COMPANY, ON BEHALF OF EACH OF ITS FUNDS, AND BARCLAYS GLOBAL FUND ADVISORS.	Mgmt	For	For

02	TO APPROVE A CHANGE IN THE CLASSIFICATION OF THE FUND'S INVESTMENT OBJECTIVE FROM A FUNDAMENTAL INVESTMENT POLICY TO A NON-FUNDAMENTAL INVESTMENT POLICY.	Mgmt	For	For

Investment Company Report


Master Fund

MFS GOVERNMENT MARKETS INCOME TRUST

	Security:	552939100	Agenda Number:	932575888

	Ticker:	MGF	Meeting Type:	Annual

	ISIN:		Meeting Date:	06-Oct-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ROBERT E. BUTLER	Mgmt	For	For

	2 DAVID H. GUNNING	Mgmt	For	For

	3 ROBERT C. POZEN	Mgmt	For	For

	4 J. DALE SHERRATT	Mgmt	For	For

Investment Company Report


Master Fund

MFS GOVERNMENT MARKETS INCOME TRUST

	Security:	552939100	Agenda Number:	932771935

	Ticker:	MGF	Meeting Type:	Annual

	ISIN:	US5529391006	Meeting Date:	01-Nov-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ROBERT J. MANNING	Mgmt	Withheld	Against

	2 LAWRENCE H. COHN, M.D.	Mgmt	Withheld	Against

	3 LAWRENCE T. PERERA	Mgmt	Withheld	Against

	4 LAURIE J. THOMSEN	Mgmt	Withheld	Against

02	TO AMEND THE TRUST’S FUNDAMENTAL INVESTMENT POLICY CONCERNING BORROWING.	Mgmt	For	For

03	TO ACT UPON, IF PROPERLY PRESENTED AT THE MEETING, A SHAREHOLDER PROPOSAL THAT THE BOARD OF TRUSTEES PROMPTLY TAKE THE STEPS NECESSARY TO OPEN-END THE TRUST OR OTHERWISE ENABLE SHAREHOLDERS TO REALIZE NET ASSET FOR THEIR SHARES.	Shr	For	Against

Investment Company Report


Master Fund

MFS INTERMEDIATE INCOME TRUST

	Security:	55273C107	Agenda Number:	932575888

	Ticker:	MIN	Meeting Type:	Annual

	ISIN:		Meeting Date:	06-Oct-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ROBERT E. BUTLER	Mgmt	For	For

	2 DAVID H. GUNNING	Mgmt	For	For

	3 ROBERT C. POZEN	Mgmt	For	For

	4 J. DALE SHERRATT	Mgmt	For	For

Investment Company Report


Master Fund

MORGAN STANLEY INSTITUTIONAL FUND IN

	Security:	61744J317	Agenda Number:	932559783

	Ticker:	MSUAX	Meeting Type:	Special

	ISIN:		Meeting Date:	30-Nov-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 FRANK L. BOWMAN	Mgmt	For	For

	2 KATHLEEN A. DENNIS	Mgmt	For	For

	3 MICHAEL F. KLEIN	Mgmt	For	For

	4 W. ALLEN REED	Mgmt	For	For

2B	TO MODIFY CERTAIN FUNDAMENTAL INVESTMENT RESTRICTIONS REGARDING: BORROWING POLICY.	Mgmt	For	For

2C	TO MODIFY CERTAIN FUNDAMENTAL INVESTMENT RESTRICTIONS REGARDING: LOAN POLICY.	Mgmt	For	For

2D	TO MODIFY CERTAIN FUNDAMENTAL INVESTMENT RESTRICTIONS REGARDING: COMMODITIES POLICY.	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
2E	TO MODIFY CERTAIN FUNDAMENTAL INVESTMENT RESTRICTIONS REGARDING: SENIOR SECURITIES POLICY.	Mgmt	For	For

Investment Company Report


Master Fund

MORGAN STANLEY TRUSTS

	Security:	61745P106	Agenda Number:	932414787

	Ticker:	GVT	Meeting Type:	Annual

	ISIN:		Meeting Date:	13-Dec-05


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR DIRECTOR

	1 MICHAEL BOZIC	Mgmt	For	For

	2 CHARLES A. FIUMEFREDDO	Mgmt	For	For

	3 JAMES F. HIGGINS	Mgmt	For	For

Investment Company Report


Master Fund

MORGAN STANLEY TRUSTS

	Security:	61745P106	Agenda Number:	932621077

	Ticker:	GVT	Meeting Type:	Special

	ISIN:		Meeting Date:	06-Mar-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 FRANK L. BOWMAN	Mgmt	For	For

	2 KATHLEEN A. DENNIS	Mgmt	For	For

	3 MANUEL H. JOHNSON	Mgmt	For	For

	4 JOSEPH J. KEARNS	Mgmt	For	For

	5 MICHAEL F. KLEIN	Mgmt	For	For

	6 W. ALLEN REED	Mgmt	For	For

	7 FERGUS REID	Mgmt	For	For

02	APPROVAL OF AN AGREEMENT AND PLAN OF REORGANIZATION, DATED DECEMBER 1, 2006, BETWEEN MORGAN STANLEY GOVERNMENT INCOME TRUST ( GOVERNMENT INCOME ) AND MORGAN STANLEY U.S. GOVERNMENT SECURITIES TRUST ( GOVERNMENT SECURITIES ), PURSUANT TO WHICH SUBSTANTIALLY ALL OF THE ASSETS OF GOVERNMENT INCOME WOULD BE COMBINED WITH THOSE OF GOVERNMENT SECURITIES AND SHAREHOLDERS OF GOVERNMENT	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	INCOME WOULD BECOME CLASS D SHAREHOLDERS OF GOVERNMENT SECURITIES RECEIVING CLASS D SHARES OF GOVERNMENT SECURITIES WITH A VALUE EQUAL TO HOLDINGS IN GOVERNMENT INCOME.

Investment Company Report

Master Fund



NABORS INDUSTRIES LTD.

	Security:	G6359FOIH	Agenda Number:	932891612

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	03-Jun-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ANTHONY G. PETRELLO	Mgmt	Split 66% For	Split

	2 MYRON M. SHEINFELD	Mgmt	Split 66% For	Split

	3 MARTIN J. WHITMAN	Mgmt	Split 66% For	Split

02	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS AND TO AUTHORIZE THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO SET AUDITORS’ REMUNERATION.	Mgmt	Split 66% For	Split

03	SHAREHOLDER PROPOSAL TO ADOPT A PAY FOR SUPERIOR PERFORMANCE STANDARD IN THE COMPANY’S EXECUTIVE COMPENSATION PLAN FOR SENIOR EXECUTIVES.	Shr	Split 66% For	Against

04	SHAREHOLDER PROPOSAL REGARDING GROSS-UP PAYMENTS TO SENIOR EXECUTIVES.	Shr	Split 66% For	Against

Investment Company Report

Master Fund



NABORS INDUSTRIES LTD.

	Security:	G6359FOIH	Agenda Number:	933451192

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	07-Jun-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ANTHONY G. PETRELLO	Mgmt	No vote

	2 MYRON M. SHEINFELD	Mgmt	No vote

02	APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITOR AND TO AUTHORIZE THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO SET THE AUDITOR’S REMUNERATION.	Mgmt	No vote

03	PROPOSAL TO APPROVE A NONBINDING ADVISORY VOTE REGARDING THE COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS.	Mgmt	No vote

04	PROPOSAL TO RECOMMEND, BY NONBINDING ADVISORY VOTE, THE FREQUENCY OF SHAREHOLDER ADVISORY VOTES ON THE COMPANY’S EXECUTIVE COMPENSATION.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
05	SHAREHOLDER PROPOSAL TO ADOPT THE MAJORITY VOTE STANDARD FOR DIRECTOR ELECTIONS.	Shr	No vote

06	SHAREHOLDER PROPOSAL TO ADOPT THE REQUIREMENT THAT ALL DIRECTORS STAND FOR ELECTION ANNUALLY.	Shr	No vote

Investment Company Report

Master Fund



NATIONAL OILWELL VARCO, INC.

	Security:	637071OIH	Agenda Number:	932851771

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	14-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	THE ELECTION OF DIRECTOR: ROBERT E. BEAUCHAMP	Mgmt	No vote

1B	THE ELECTION OF DIRECTOR: JEFFERY A. SMISEK	Mgmt	No vote

02	RATIFICATION OF INDEPENDENT AUDITORS	Mgmt	No vote

03	APPROVAL OF NATIONAL OILWELL VARCO ANNUAL INCENTIVE PLAN	Mgmt	No vote

Investment Company Report

Master Fund



NATIONAL OILWELL VARCO, INC.

	Security:	637071OIH	Agenda Number:	933414853

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	19-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: ROBERT E. BEAUCHAMP	Mgmt	No vote

1B	ELECTION OF DIRECTOR: JEFFERY A. SMISEK	Mgmt	No vote

02	RATIFICATION OF INDEPENDENT AUDITORS.	Mgmt	No vote

03	APPROVE, BY NON-BINDING VOTE, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.	Mgmt	No vote

04	RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY OF THE ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
05	APPROVE AN AMENDMENT TO OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE ANNUAL ELECTION OF ALL DIRECTORS.	Mgmt	No vote

06	APPROVE AN AMENDMENT TO OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM 500,000,000 TO 1,000,000,000.	Mgmt	No vote

07	STOCKHOLDER PROPOSAL.	Shr	No vote

Investment Company Report

Master Fund



NOBLE CORPORATION

	Security:	G65422OIH	Agenda Number:	932838519

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	01-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 LAWRENCE J. CHAZEN	Mgmt	Split 78% For	Split

	2 MARY P. RICCIARDELLO	Mgmt	Split 78% For	Split

02	APPROVAL OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR 2008.	Mgmt	Split 78% For	Split

Investment Company Report

Master Fund



NOBLE CORPORATION

	Security:	H5833NOIH	Agenda Number:	933383349

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	29-Apr-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1	DIRECTOR

	1 LAWRENCE J. CHAZEN	Mgmt	No vote

	2 JON A. MARSHALL	Mgmt	No vote

	3 MARY P. RICCIARDELLO	Mgmt	No vote

2	APPROVAL OF THE 2010 ANNUAL REPORT, THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR FISCAL YEAR 2010 AND THE STATUTORY FINANCIAL STATEMENTS OF THE COMPANY FOR FISCAL YEAR 2010	Mgmt	No vote

3	APPROVAL OF THE CREATION OF A RESERVE THROUGH APPROPRIATION OF RETAINED EARNINGS	Mgmt	No vote

4	APPROVAL OF A CAPITAL REDUCTION BY CANCELLATION OF CERTAIN SHARES HELD IN TREASURY	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
5	APPROVAL OF AN EXTENSION OF BOARD AUTHORITY TO ISSUE AUTHORIZED SHARE CAPITAL UNTIL APRIL 28, 2013	Mgmt	No vote

6	APPROVAL OF A RETURN OF CAPITAL IN THE FORM OF A PAR VALUE REDUCTION IN AN AMOUNT EQUAL TO SWISS FRANCS 0.52 PER SHARE	Mgmt	No vote

7	APPROVAL OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2011 AND THE ELECTION OF PRICEWATERHOUSECOOPERS AG AS STATUTORY AUDITOR FOR A ONE-YEAR TERM	Mgmt	No vote

8	APPROVAL OF THE DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE OFFICERS OF THE COMPANY FOR FISCAL YEAR 2010	Mgmt	No vote

9	APPROVAL, ON AN ADVISORY BASIS, OF THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS	Mgmt	No vote

10	ADVISORY VOTE ON FREQUENCY OF THE EXECUTIVE COMPENSATION ADVISORY VOTE	Mgmt	No vote

Investment Company Report

Master Fund



PUTNAM PREMIER INCOME TRUST

	Security:	746853100	Agenda Number:	932611569

	Ticker:	PPT	Meeting Type:	Annual

	ISIN:		Meeting Date:	11-Jan-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 J.A. BAXTER	Mgmt	For	For

	2 C.B. CURTIS	Mgmt	For	For

	3 M.R. DRUCKER	Mgmt	For	For

	4 C.E. HALDEMAN, JR.	Mgmt	For	For

	5 J.A. HILL	Mgmt	For	For

	6 P.L. JOSKOW	Mgmt	For	For

	7 E.T. KENNAN	Mgmt	For	For

	8 K.R. LEIBLER	Mgmt	For	For

	9 R.E. PATTERSON	Mgmt	For	For

	10 G. PUTNAM, III	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	11 W.T. STEPHENS	Mgmt	For	For

	12 R.B. WORLEY	Mgmt	For	For

02	CONVERTING YOUR FUND TO AN OPEN-END INVESTMENT COMPANY.	Shr	For	Against

Investment Company Report

Master Fund



PUTNAM PREMIER INCOME TRUST

	Security:	746853100	Agenda Number:	932643364

	Ticker:	PPT	Meeting Type:	Special

	ISIN:		Meeting Date:	15-May-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVING A NEW MANAGEMENT CONTRACT FOR YOUR FUND.	Mgmt	For	For

Investment Company Report

Master Fund



PUTNAM PREMIER INCOME TRUST

	Security:	746853100	Agenda Number:	932801512

	Ticker:	PPT	Meeting Type:	Annual

	ISIN:	US7468531006	Meeting Date:	31-Jan-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JOHN A. HILL	Mgmt	For	For

	2 JAMESON A. BAXTER	Mgmt	For	For

	3 C.E. HALDEMAN, JR.	Mgmt	For	For

	4 CHARLES B. CURTIS	Mgmt	For	For

	5 ROBERT J. DARRETTA	Mgmt	For	For

	6 MYRA R. DRUCKER	Mgmt	For	For

	7 PAUL L. JOSKOW	Mgmt	For	For

	8 KENNETH R. LEIBLER	Mgmt	For	For

	9 ELIZABETH T. KENNAN	Mgmt	For	For

	10 ROBERT E. PATTERSON	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	11 GEORGE PUTNAM, III	Mgmt	For	For

	12 W. THOMAS STEPHENS	Mgmt	For	For

	13 RICHARD B. WORLEY	Mgmt	For	For

Investment Company Report

Master Fund



ROWAN COMPANIES, INC.

	Security:	779382OIH	Agenda Number:	932889908

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	06-Jun-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: D.F. MCNEASE	Mgmt	For	For

1B	ELECTION OF DIRECTOR: LORD MOYNIHAN	Mgmt	For	For

1C	ELECTION OF DIRECTOR: R.G. CROYLE	Mgmt	For	For

02	THE RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY’S INDEPENDENT AUDITORS	Mgmt	For	For

Investment Company Report


Master Fund

ROWAN COMPANIES, INC.

	Security:	779382OIH	Agenda Number:	933382777

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	28-Apr-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: R.G. CROYLE	Mgmt	No vote

1B	ELECTION OF DIRECTOR: LORD MOYNIHAN	Mgmt	No vote

1C	ELECTION OF DIRECTOR: W. MATT RALLS	Mgmt	No vote

1D	ELECTION OF DIRECTOR: JOHN J. QUICKE	Mgmt	No vote

02	RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS.	Mgmt	No vote

03	TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
04	TO RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY OF EXECUTIVE COMPENSATION VOTES.	Mgmt	No vote

Investment Company Report


Master Fund

SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)

	Security:	806857OIH	Agenda Number:	932819052

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	09-Apr-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 P. CAMUS	Mgmt	For	For

	2 J.S. GORELICK	Mgmt	For	For

	3 A. GOULD	Mgmt	For	For

	4 T. ISAAC	Mgmt	For	For

	5 N. KUDRYAVTSEV	Mgmt	For	For

	6 A. LAJOUS	Mgmt	For	For

	7 M.E. MARKS	Mgmt	For	For

	8 D. PRIMAT	Mgmt	For	For

	9 L.R. REIF	Mgmt	For	For

	10 T.I. SANDVOLD	Mgmt	For	For

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
	11 N. SEYDOUX	Mgmt	For	For

	12 L.G. STUNTZ	Mgmt	For	For

02	ADOPTION AND APPROVAL OF FINANCIALS AND DIVIDENDS	Mgmt	For	For

03	APPROVAL OF ADOPTION OF THE SCHLUMBERGER 2008 STOCK INCENTIVE PLAN	Mgmt	For	For

04	APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Mgmt	For	For

Investment Company Report


Master Fund

SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)

	Security:	806857OIH	Agenda Number:	933377106

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	06-Apr-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION OF DIRECTOR: P. CAMUS	Mgmt	No vote

1B	ELECTION OF DIRECTOR: P. CURRIE	Mgmt	No vote

1C	ELECTION OF DIRECTOR: A. GOULD	Mgmt	No vote

1D	ELECTION OF DIRECTOR: T. ISAAC	Mgmt	No vote

1E	ELECTION OF DIRECTOR: K.V. KAMATH	Mgmt	No vote

1F	ELECTION OF DIRECTOR: N. KUDRYAVTSEV	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1G	ELECTION OF DIRECTOR: A. LAJOUS	Mgmt	No vote

1H	ELECTION OF DIRECTOR: M.E. MARKS	Mgmt	No vote

1I	ELECTION OF DIRECTOR: E. MOLER	Mgmt	No vote

1J	ELECTION OF DIRECTOR: L.R. REIF	Mgmt	No vote

1K	ELECTION OF DIRECTOR: T.I. SANDVOLD	Mgmt	No vote

1L	ELECTION OF DIRECTOR: H. SEYDOUX	Mgmt	No vote

1M	ELECTION OF DIRECTOR: P. KIBSGAARD	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1N	ELECTION OF DIRECTOR: L.S. OLAYAN	Mgmt	No vote

02	TO APPROVE THE ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION.	Mgmt	No vote

03	ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION.	Mgmt	No vote

04	TO APPROVE THE AMENDMENT TO THE COMPANY’S ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED COMMON SHARE CAPITAL.	Mgmt	No vote

05	TO APPROVE THE AMENDMENTS TO THE COMPANY’S ARTICLES OF INCORPORATION TO CLARIFY THE VOTING STANDARD IN CONTESTED DIRECTOR ELECTIONS AND TO MAKE CERTAIN OTHER CHANGES.	Mgmt	No vote

06	TO APPROVE THE COMPANY’S FINANCIAL STATEMENTS AND DECLARATION OF DIVIDENDS.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
07	TO APPROVE THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.	Mgmt	No vote

Investment Company Report

Master Fund



SMITH INTERNATIONAL, INC.

	Security:	832110OIH	Agenda Number:	932865124

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	13-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 LOREN K. CARROLL	Mgmt	Split 66% For	Split

	2 DOD A. FRASER	Mgmt	Split 66% For	Split

02	APPROVAL OF THIRD AMENDED AND RESTATED 1989 LONG-TERM INCENTIVE COMPENSATION PLAN	Mgmt	Split 66% For	Split

03	APPROVAL OF AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION	Mgmt	Split 66% For	Split

04	RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	Mgmt	Split 66% For	Split

Investment Company Report

Master Fund



SMITH INTERNATIONAL, INC.

	Security:	832110OIH	Agenda Number:	933314368

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	24-Aug-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO APPROVE THE PROPOSAL TO ADOPT THE AGREEMENT AND PLAN OF MERGER, DATED AS OF FEBRUARY 21, 2010, AS IT MAY BE AMENDED FROM TIME TO TIME, AMONG SCHLUMBERGER LIMITED, TURNBERRY MERGER SUB INC., AND SMITH INTERNATIONAL, INC.	Mgmt	No vote

02	DIRECTOR

	1 JAMES R. GIBBS	Mgmt	No vote

	2 DUANE C. RADTKE	Mgmt	No vote

	3 JOHN YEARWOOD	Mgmt	No vote

03	TO APPROVE THE SMITH INTERNATIONAL, INC. 1989 LONG-TERM INCENTIVE COMPENSATION PLAN, AS AMENDED AND RESTATED.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
04	TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS SMITH’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2010.	Mgmt	No vote

05	TO APPROVE THE ADJOURNMENT OF SMITH’S ANNUAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES TO ADOPT THE MERGER AGREEMENT AT THE TIME OF THE ANNUAL MEETING.	Mgmt	No vote

Investment Company Report

Master Fund



THE CHINA FUND, INC.

	Security:	169373107	Agenda Number:	932809289

	Ticker:	CHN	Meeting Type:	Annual

	ISIN:	US1693731077	Meeting Date:	06-Mar-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 NIGEL TULLOCH	Mgmt	For	For

	2 WILLIAM KIRBY	Mgmt	For	For

02	TO APPROVE THE PROPOSED ELIMINATION OF THE FUND’S FUNDAMENTAL INVESTMENT POLICY REQUIRING AT LEAST 65% OF THE FUND’S ASSETS TO BE INVESTED IN THE EQUITY SECURITIES OF CHINA COMPANIES.	Mgmt	For	For

Investment Company Report

Master Fund



THE MERGER FUND

	Security:	589509108	Agenda Number:	933338786

	Ticker:	MERFX	Meeting Type:	Special

	ISIN:	US5895091081	Meeting Date:	24-Nov-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	TO CONSIDER AND APPROVE A PROPOSED INVESTMENT ADVISORY AGREEMENT WITH WESTCHESTER CAPITAL MANAGEMENT, LLC.	Mgmt	No vote

Investment Company Report

Master Fund



THE NEW AMERICA HIGH INCOME FUND, IN

	Security:	641876107	Agenda Number:	932441998

	Ticker:	HYB	Meeting Type:	Annual

	ISIN:		Meeting Date:	27-Apr-06


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 ROBERT F. BIRCH	Mgmt	For	For

	2 RICHARD E. FLOOR	Mgmt	For	For

	3 ERNEST E. MONRAD	Mgmt	For	For

	4 MARGUERITE PIRET	Mgmt	For	For

Investment Company Report

Master Fund



TRANSOCEAN INC.

	Security:	G90078OIH	Agenda Number:	932778636

	Ticker:		Meeting Type:	Special

	ISIN:	KYG900781090	Meeting Date:	09-Nov-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVAL OF THE SCHEME OF ARRANGEMENT, ATTACHED TO THE ACCOMPANYING JOINT PROXY STATEMENT AS ANNEX G, WHICH PROVIDES FOR THE RECLASSIFICATION OF OUR ORDINARY SHARES.	Mgmt	For	For

02	APPROVAL OF THE ISSUANCE OF OUR ORDINARY SHARES TO SHAREHOLDERS OF GLOBALSANTAFE CORPORATION IN THE MERGER UNDER THE TERMS OF THE AGREEMENT AND PLAN OF MERGER, ATTACHED TO THE ACCOMPANYING JOINT PROXY STATEMENT AS ANNEX A.	Mgmt	For	For

03	APPROVAL OF THE AMENDMENT AND RESTATEMENT OF OUR MEMORANDUM AND ARTICLES OF ASSOCIATION TO, AMONG OTHER THINGS, INCREASE THE MAXIMUM NUMBER OF DIRECTORS CONSTITUTING THE BOARD OF DIRECTORS OF TRANSOCEAN INC. FROM 13 TO 14, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.	Mgmt	For	For

Investment Company Report


Master Fund

TRANSOCEAN, LTD.

	Security:	H8817HOIH	Agenda Number:	933405373

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	13-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVAL OF THE 2010 ANNUAL REPORT, INCLUDING THE CONSOLIDATED FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2010 AND THE STATUTORY FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2010.	Mgmt	No vote

02	DISCHARGE OF THE MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT FROM LIABILITY FOR ACTIVITIES DURING FISCAL YEAR 2010.	Mgmt	No vote

03	APPROPRIATION OF AVAILABLE EARNINGS FOR FISCAL YEAR 2010.	Mgmt	No vote

04	PROPOSED REALLOCATION OF FREE RESERVE TO LEGAL RESERVE, RESERVE FROM CAPITAL CONTRIBUTIONS.	Mgmt	No vote

05	RESCISSION OF THE DISTRIBUTION TO SHAREHOLDERS IN THE FORM OF A PAR VALUE REDUCTION AS APPROVED AT THE 2010 ANNUAL GENERAL MEETING.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
06	RELEASE AND ALLOCATION OF LEGAL RESERVE, RESERVE FROM CAPITAL CONTRIBUTIONS, TO DIVIDEND RESERVE FROM CAPITAL CONTRIBUTIONS; DIVIDEND DISTRIBUTION OUT OF THE DIVIDEND RESERVE FROM CAPITAL CONTRIBUTIONS. IF PROPOSAL 3 AND PROPOSAL 5 ARE NOT APPROVED AS PROPOSED BY THE BOARD OF DIRECTORS, THERE WILL BE NO VOTE ON THIS PROPOSAL 6.	Mgmt	No vote

07	NEW AUTHORIZED SHARE CAPITAL.	Mgmt	No vote

08	REDUCTION OF THE MAXIMUM NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS TO 12.	Mgmt	No vote

9A	ELECTION OF CLASS III DIRECTOR: JAGJEET S. BINDRA	Mgmt	No vote

9B	ELECTION OF CLASS III DIRECTOR: STEVE LUCAS	Mgmt	No vote

9C	ELECTION OF CLASS I DIRECTOR: TAN EK KIA	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
9D	REELECTION OF CLASS III DIRECTOR: MARTIN B. MCNAMARA	Mgmt	No vote

9E	REELECTION OF CLASS III DIRECTOR: IAN C. STRACHAN	Mgmt	No vote

10	APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2011 AND REELECTION OF ERNST & YOUNG LTD., ZURICH, AS THE COMPANY’S AUDITOR FOR A FURTHER ONE-YEAR TERM.	Mgmt	No vote

11	ADVISORY VOTE ON EXECUTIVE COMPENSATION.	Mgmt	No vote

12	ADVISORY VOTE ON THE FREQUENCY OF EXECUTIVE COMPENSATION VOTE.	Mgmt	No vote

Investment Company Report


Master Fund

WASATCH FUNDS, INC.

	Security:	936772300	Agenda Number:	933179930

	Ticker:	WHOSX	Meeting Type:	Special

	ISIN:	US9367723007	Meeting Date:	11-Mar-10


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 JAMES U. JENSEN, J.D.**	Mgmt	No vote

	2 WILLIAM R. SWINYARD**	Mgmt	No vote

	3 D. JAMES CROFT**	Mgmt	No vote

	4 MIRIAM M. ALLISON**	Mgmt	No vote

	5 SAMUEL S. STEWART, JR.*	Mgmt	No vote

02	TO APPROVE A NEW ADVISORY AND SERVICE CONTRACT BETWEEN THE COMPANY AND WASATCH ADVISORS, INC., (THE “ADVISOR”), THE FUND’S INVESTMENT ADVISOR.	Mgmt	No vote

03	TO APPROVE A NEW SUB-ADVISORY AGREEMENT BETWEEN THE ADVISOR AND HOISINGTON INVESTMENT MANAGEMENT COMPANY WITH RESPECT TO THE WASATCH-HOISINGTON U.S. TREASURY FUND.	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
05	TO APPROVE A PROPOSED AGREEMENT AND PLAN OF REORGANIZATION AND THE TRANSACTIONS CONTEMPLATED THEREBY, INCLUDING THE LIQUIDATION AND DISSOLUTION OF THE WASATCH- HOISINGTON U.S. TREASURY FUND AND THE COMPANY.	Mgmt	No vote

Investment Company Report

Master Fund



WEATHERFORD INTERNATIONAL LTD

	Security:	H27013OIH	Agenda Number:	933429359

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	25-May-11


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	APPROVAL OF THE 2010 ANNUAL REPORT, THE CONSOLIDATED FINANCIAL STATEMENTS OF WEATHERFORD INTERNATIONAL LTD. FOR THE YEAR ENDED DECEMBER 31, 2010 AND THE STATUTORY FINANCIAL STATEMENTS OF WEATHERFORD INTERNATIONAL LTD. FOR THE YEAR ENDED DECEMBER 31, 2010.	Mgmt	No vote

02	DISCHARGE OF THE BOARD OF DIRECTORS AND EXECUTIVE OFFICERS FROM LIABILITY FOR ACTIONS OR OMISSIONS DURING THE YEAR ENDED DECEMBER 31, 2010.	Mgmt	No vote

3A	ELECTION OF DIRECTOR: BERNARD J. DUROC-DANNER	Mgmt	No vote

3B	ELECTION OF DIRECTOR: SAMUEL W. BODMAN, III	Mgmt	No vote

3C	ELECTION OF DIRECTOR: NICHOLAS F. BRADY	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
3D	ELECTION OF DIRECTOR: DAVID J. BUTTERS	Mgmt	No vote

3E	ELECTION OF DIRECTOR: WILLIAM E. MACAULAY	Mgmt	No vote

3F	ELECTION OF DIRECTOR: ROBERT B. MILLARD	Mgmt	No vote

3G	ELECTION OF DIRECTOR: ROBERT K. MOSES, JR.	Mgmt	No vote

3H	ELECTION OF DIRECTOR: GUILLERMO ORTIZ	Mgmt	No vote

3I	ELECTION OF DIRECTOR: EMYR JONES PARRY	Mgmt	No vote

3J	ELECTION OF DIRECTOR: ROBERT A. RAYNE	Mgmt	No vote

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
04	APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR YEAR ENDING DECEMBER 31, 2011 AND THE RE-ELECTION OF ERNST & YOUNG LTD, ZURICH AS STATUTORY AUDITOR FOR YEAR ENDING DECEMBER 31, 2011.	Mgmt	No vote

05	APPROVAL OF AN ADVISORY RESOLUTION REGARDING EXECUTIVE COMPENSATION.	Mgmt	No vote

06	ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION.	Mgmt	No vote

Investment Company Report

Master Fund



WEATHERFORD INTERNATIONAL LTD.

	Security:	G95089OIH	Agenda Number:	932901451

	Ticker:		Meeting Type:	Annual

	ISIN:		Meeting Date:	02-Jun-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1A	ELECTION AS DIRECTOR: NICHOLAS F. BRADY	Mgmt	Split 66% For	Split

1B	ELECTION AS DIRECTOR: WILLIAM E. MACAULAY	Mgmt	Split 66% For	Split

1C	ELECTION AS DIRECTOR: DAVID J. BUTTERS	Mgmt	Split 66% For	Split

1D	ELECTION AS DIRECTOR: ROBERT B. MILLARD	Mgmt	Split 66% For	Split

1E	ELECTION AS DIRECTOR: BERNARD J. DUROC-DANNER	Mgmt	Split 66% For	Split

1F	ELECTION AS DIRECTOR: ROBERT K. MOSES, JR.	Mgmt	Split 66% For	Split

Investment Company Report


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
1G	ELECTION OF DIRECTOR: ROBERT A. RAYNE	Mgmt	Split 66% For	Split

02	APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2008, AND AUTHORIZATION OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO SET ERNST & YOUNG LLP’S REMUNERATION.	Mgmt	Split 66% For	Split

Investment Company Report


Master Fund

WESTERN ASSET CLAYMORE US TREASURY

	Security:	95766Q106	Agenda Number:	932673317

	Ticker:	WIA	Meeting Type:	Annual

	ISIN:		Meeting Date:	14-May-07


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 NICHOLAS DALMASO*	Mgmt	No vote

	2 MICHAEL LARSON*	Mgmt	No vote

	3 R. JAY GERKEN**	Mgmt	No vote

Investment Company Report


Master Fund

WESTERN ASSET/CLAYMORE LINKED SEC & INC

	Security:	95766Q106	Agenda Number:	932867990

	Ticker:	WIA	Meeting Type:	Annual

	ISIN:	US95766Q1067	Meeting Date:	27-May-08


Prop. #	Proposal	Proposed by	Proposal Vote	For/Against Management’s Recommendation
01	DIRECTOR

	1 RONALD A. NYBERG	Mgmt	No vote

SIGNATURES

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

Registrant: The Endowment Master Fund, L.P.


By:		/s/ A. Haag Sherman
		A. Haag Sherman
		Co-Principal Executive Officer



Date:		July 25, 2011

Meeting Date Range:

01-Jul-10 - 30-Jun-2011

Report Date:

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