TS&W / Claymore Tax-advantaged Balanced Fund NPX 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 811-21515

TS&W/Claymore Tax-Advantaged Balanced Fund

(Exact name of registrant as specified in charter)

2455 Corporate West Drive

Lisle, IL 60532

(Address of principal executive offices) (Zip code)

Nicholas Dalmaso, Chief Legal and Executive Officer

TS&W/Claymore Tax-Advantaged Balanced Fund

2455 Corporate West Drive

Lisle, IL 60532

(Name and address of agent for service)

Registrant’s telephone number, including area code: (630) 505-3700

Date of fiscal year end: December 31

Date of reporting period: June 30, 2005

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.

Item 1.

Proxy Voting Record.

ProxyEdge - Investment Company Report with Ballot Detail

Meeting Date Range: 07/01/2004 to 06/30/2005

Selected Accounts: CLAYMORE FUND


AEW REAL ESTATE INCOME FUND

Ticker Symbol: RIF

Cusip: 00104H107

Annual Meeting Date: 06/15/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		MR. CHARLES D. BAKER	Management	For	For
		MR. JOHN A. SHANE	Management	For	For
		MS. CYNTHIA L. WALKER	Management	For	For

ALTRIA GROUP, INC.

Ticker Symbol: MO

Cusip: 02209S103

Annual Meeting Date: 04/28/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		ELIZABETH E. BAILEY	Management	For	For
		HAROLD BROWN	Management	For	For
		MATHIS CABIALLAVETTA	Management	For	For
		LOUIS C. CAMILLERI	Management	For	For
		J. DUDLEY FISHBURN	Management	For	For
		ROBERT E. R. HUNTLEY	Management	For	For
		THOMAS W. JONES	Management	For	For
		GEORGE MUNOZ	Management	For	For
		LUCIO A. NOTO	Management	For	For
		JOHN S. REED	Management	For	For
		CARLOS SLIM HELU	Management	For	For
		STEPHEN M. WOLF	Management	For	For
02	ADOPT OMNIBUS STOCK OPTION PLAN		Management	For	For
03	ADOPT NON-EMPLOYEE DIRECTOR PLAN		Management	For	For
04	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
05	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	Against	For
06	S/H PROPOSAL - TOBACCO		Shareholder	Against	For
07	S/H PROPOSAL - TOBACCO		Shareholder	Against	For
08	S/H PROPOSAL - TOBACCO		Shareholder	Against	For

BANK OF AMERICA CORPORATION

Ticker Symbol: BAC

Cusip: 060505104

Annual Meeting Date: 04/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
		WILLIAM BARNET, III	Management	For	For
		CHARLES W. COKER	Management	For	For
		JOHN T. COLLINS	Management	For	For
		GARY L. COUNTRYMAN	Management	Withheld	Against
		PAUL FULTON	Management	For	For
		CHARLES K. GIFFORD	Management	For	For
		W. STEVEN JONES	Management	For	For
		KENNETH D. LEWIS	Management	For	For
		WALTER E. MASSEY	Management	For	For
		THOMAS J. MAY	Management	For	For
		PATRICIA E. MITCHELL	Management	For	For
		EDWARD L. ROMERO	Management	For	For
		THOMAS M. RYAN	Management	For	For
		O. TEMPLE SLOAN, JR.	Management	For	For
		MEREDITH R. SPANGLER	Management	For	For
		ROBERT L. TILLMAN	Management	For	For
		JACKIE M. WARD	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H - REPORT ON CHARITABLE CONTRIBUTIONS		Shareholder	Against	For
04	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against

BB&T CORPORATION

Ticker Symbol: BBT

Cusip: 054937107

Annual Meeting Date: 04/26/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		ALFRED E. CLEVELAND	Management	For	For
		ANNA R. CABLIK	Management	For	For
		JOHN P. HOWE III	Management	For	For
		NIDO R. QUBEIN	Management	For	For
		ALBERT F. ZETTLEMOYER	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

BCE INC.

Ticker Symbol: BCE

Cusip: 05534B109

Annual Meeting Date: 05/25/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
A	ELECTION OF DIRECTORS		Management	For
		A. BERARD	Management	For	For
		R.A. BRENNEMAN	Management	For	For
		R.J. CURRIE	Management	For	For
		A.S. FELL	Management	For	For
		D. SOBLE KAUFMAN	Management	For	For
		B.M. LEVITT	Management	For	For
		E.C. LUMLEY	Management	For	For
		J. MAXWELL	Management	For	For
		J.H. MCARTHUR	Management	For	For
		T.C. O’NEILL	Management	For	For
		J.A. PATTISON	Management	For	For
		R.C. POZEN	Management	For	For
		M.J. SABIA	Management	For	For
		P.M. TELLIER	Management	For	For
		V.L. YOUNG	Management	For	For
B	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
C	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	For	Against
D	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For
E	S/H PROPOSAL - ADOPT CUMULATIVE VOTING		Shareholder	Against	For
F	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For

BELLSOUTH CORPORATION

Ticker Symbol: BLS

Cusip: 079860102

Annual Meeting Date: 04/25/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		F. DUANE ACKERMAN	Management	For	For
		REUBEN V. ANDERSON	Management	For	For
		JAMES H. BLANCHARD	Management	For	For
		J. HYATT BROWN	Management	For	For
		ARMANDO M. CODINA	Management	For	For
		KATHLEEN F. FELDSTEIN	Management	For	For
		JAMES P. KELLY	Management	For	For
		LEO F. MULLIN	Management	For	For
		WILLIAM S. STAVROPOULOS	Management	For	For
		ROBIN B. SMITH	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H - REPORT ON CHARITABLE CONTRIBUTIONS		Shareholder	For	Against

BP P.L.C.

Ticker Symbol: BP

Cusip: 055622104

Annual Meeting Date: 04/14/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		DR D C ALLEN	Management	For	For
		LORD BROWNE	Management	For	For
		MR J H BRYAN	Management	For	For
		MR A BURGMANS	Management	For	For
		MR I C CONN	Management	For	For
		MR E B DAVIS, JR	Management	For	For
		MR D J FLINT	Management	For	For
		DR B E GROTE	Management	For	For
		DR A B HAYWARD	Management	For	For
		DR D S JULIUS	Management	For	For
		SIR TOM MCKILLOP	Management	For	For
		MR J A MANZONI	Management	For	For
		DR W E MASSEY	Management	For	For
		MR H M P MILES	Management	For	For
		SIR IAN PROSSER	Management	For	For
		MR M H WILSON	Management	For	For
		MR P D SUTHERLAND	Management	For	For
02	APPOINT AUDITORS AND APPROVE REMUNERATION		Management	For	For
03	ALLOT SECURITIES		Management	Against	Against
04	ALLOT SECURITIES		Management	For	For
05	AUTHORIZE DIRECTORS TO REPURCHASE SHARES		Management	For	For
06	MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL		Management	For	For
07	ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN		Management	For	For
08	MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL		Management	For	For

BRISTOL-MYERS SQUIBB COMPANY

Ticker Symbol: BMY

Cusip: 110122108

Annual Meeting Date: 05/03/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		V.D. COFFMAN	Management	For	For
		J.M. CORNELIUS	Management	For	For
		P.R. DOLAN	Management	For	For
		E.V. FUTTER	Management	For	For
		L.V. GERSTNER, JR.	Management	For	For
		L. JOHANSSON	Management	For	For
		L.W. SULLIVAN, M.D.	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	APPROVE CHARTER AMENDMENT		Management	For	For
04	S/H PROPOSAL - POLITICAL/GOVERNMENT		Shareholder	For	Against
05	S/H PROPOSAL - HEALTH ISSUES		Shareholder	Against	For
06	S/H PROPOSAL - ANIMAL RIGHTS		Shareholder	Against	For
07	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
08	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
09	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For
10	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For

CHEVRONTEXACO CORPORATION

Ticker Symbol: CVX

Cusip: 166764100

Annual Meeting Date: 04/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
		S.H. ARMACOST	Management	For	For
		R.E. DENHAM	Management	For	For
		R.J. EATON	Management	For	For
		S. GINN	Management	Withheld	Against
		C.A. HILLS	Management	For	For
		F.G. JENIFER	Management	For	For
		S. NUNN	Management	For	For
		D.J. O’REILLY	Management	For	For
		P.J. ROBERTSON	Management	For	For
		C.R. SHOEMATE	Management	For	For
		R.D. SUGAR	Management	For	For
		C. WARE	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For
04	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	For	Against
05	S/H - EXPENSING OF STOCK OPTIONS		Shareholder	For	Against
06	S/H PROPOSAL - ANIMAL RIGHTS		Shareholder	Against	For
07	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
08	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For

CITIGROUP INC.

Ticker Symbol: C

Cusip: 172967101

Annual Meeting Date: 04/19/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		C. MICHAEL ARMSTRONG	Management	For	For
		ALAIN J.P. BELDA	Management	For	For
		GEORGE DAVID	Management	For	For
		KENNETH T. DERR	Management	For	For
		JOHN M. DEUTCH	Management	For	For
		R. HERNANDEZ RAMIREZ	Management	For	For
		ANN DIBBLE JORDAN	Management	For	For
		KLAUS KLEINFELD	Management	For	For
		DUDLEY C. MECUM	Management	For	For
		ANNE MULCAHY	Management	For	For
		RICHARD D. PARSONS	Management	For	For
		CHARLES PRINCE	Management	For	For
		JUDITH RODIN	Management	For	For
		ROBERT E. RUBIN	Management	For	For
		FRANKLIN A. THOMAS	Management	For	For
		SANFORD I. WEILL	Management	For	For
		ROBERT B. WILLUMSTAD	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	AMEND INCENTIVE STOCK OPTION PLAN		Management	For	For
04	S/H PROPOSAL - LIMIT COMPENSATION		Shareholder	Against	For
05	S/H PROPOSAL - POLITICAL/GOVERNMENT		Shareholder	For	Against
06	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For
07	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For
08	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
09	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For
10	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For

DAIMLERCHRYSLER A.G.

Ticker Symbol: DCX

Cusip: D1668R123

Annual Meeting Date: 04/06/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
02	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
03	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
04	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
05	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
06	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
07	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
08	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
09	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
10	MISCELLANEOUS CORPORATE GOVERNANCE		Management	For	For
CAA	CHANGE STOCK EXCHANGE LISTING		Management	Abstain	*Management Position Unknown
CAB	CHANGE STOCK EXCHANGE LISTING		Management	Abstain	*Management Position Unknown
CAC	CHANGE STOCK EXCHANGE LISTING		Management	Abstain	*Management Position Unknown
CAD	CHANGE STOCK EXCHANGE LISTING		Management	Abstain	*Management Position Unknown

DTE ENERGY COMPANY

Ticker Symbol: DTE

Cusip: 233331107

Annual Meeting Date: 04/28/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
��		LILLIAN BAUDER	Management	For	For
		JOSUE ROBLES JR.	Management	For	For
		HOWARD F. SIMS	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

GENERAL ELECTRIC COMPANY

Ticker Symbol: GE

Cusip: 369604103

Annual Meeting Date: 04/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
A	ELECTION OF DIRECTORS		Management
		JAMES I. CASH, JR.	Management	For	For
		WILLIAM M. CASTELL	Management	For	For
		DENNIS D. DAMMERMAN	Management	For	For
		ANN M. FUDGE	Management	For	For
		CLAUDIO X. GONZALEZ	Management	For	For
		JEFFREY R. IMMELT	Management	For	For
		ANDREA JUNG	Management	For	For
		ALAN G. LAFLEY	Management	Withheld	Against
		RALPH S. LARSEN	Management	For	For
		ROCHELLE B. LAZARUS	Management	For	For
		SAM NUNN	Management	For	For
		ROGER S. PENSKE	Management	For	For
		ROBERT J. SWIERINGA	Management	For	For
		DOUGLAS A. WARNER III	Management	For	For
		ROBERT C. WRIGHT	Management	For	For
B	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
01	S/H PROPOSAL - ADOPT CUMULATIVE VOTING		Shareholder	Against	For
02	S/H - RESEARCH RENEWABLE ENERGY		Shareholder	Against	For
03	S/H PROPOSAL - HEALTH ISSUES		Shareholder	Against	For
04	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
05	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
06	S/H PROPOSAL - POLITICAL/GOVERNMENT		Shareholder	For	Against
07	S/H PROPOSAL - ANIMAL RIGHTS		Shareholder	Against	For

HEWLETT-PACKARD COMPANY

Ticker Symbol: HPQ

Cusip: 428236103

Annual Meeting Date: 03/16/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		L.T. BABBIO, JR.	Management	For	For
		P.C. DUNN	Management	For	For
		R.A. HACKBORN	Management	For	For
		G.A. KEYWORTH II	Management	For	For
		R.E. KNOWLING, JR.	Management	For	For
		T.J. PERKINS	Management	For	For
		R.L. RYAN	Management	For	For
		L.S. SALHANY	Management	For	For
		R.P. WAYMAN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	AMEND STOCK PURCHASE PLAN		Management	For	For

HSBC HOLDINGS PLC

Ticker Symbol: HBC

Cusip: 404280406

Annual Meeting Date: 05/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	CHANGE STOCK EXCHANGE LISTING		Management	For	For
02	ELECTION OF DIRECTORS		Management	For
		SIR JOHN BOND	Management	For	For
		R K F CH’IEN	Management	For	For
		J D COOMBE	Management	For	For
		BARONESS DUNN	Management	For	For
		D J FLINT	Management	For	For
		J W J HUGHES-HALLETT	Management	For	For
		SIR BRIAN MOFFAT	Management	For	For
		S W NEWTON	Management	For	For
		H SOHMEN	Management	For	For
03	CHANGE STOCK EXCHANGE LISTING		Management	For	For
04	CHANGE STOCK EXCHANGE LISTING		Management	For	For
05	CHANGE STOCK EXCHANGE LISTING		Management	For	For
06	CHANGE STOCK EXCHANGE LISTING		Management	For	For
07	CHANGE STOCK EXCHANGE LISTING		Management	For	For
08	CHANGE STOCK EXCHANGE LISTING		Management	For	For
09	CHANGE STOCK EXCHANGE LISTING		Management	For	For
10	CHANGE STOCK EXCHANGE LISTING		Management	For	For
11	CHANGE STOCK EXCHANGE LISTING		Management	For	For
12	CHANGE STOCK EXCHANGE LISTING		Management	For	For

KEYSPAN CORPORATION

Ticker Symbol: KSE

Cusip: 49337W100

Annual Meeting Date: 05/20/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		ROBERT B. CATELL	Management	For	For
		ANDREA S. CHRISTENSEN	Management	For	For
		ROBERT J. FANI	Management	For	For
		ALAN H. FISHMAN	Management	For	For
		JAMES R. JONES	Management	For	For
		JAMES L.LAROCCA	Management	For	For
		GLORIA C. LARSON	Management	For	For
		STEPHEN W. MCKESSY	Management	For	For
		EDWARD D. MILLER	Management	For	For
		VIKKI L. PRYOR	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

KIMBERLY-CLARK CORPORATION

Ticker Symbol: KMB

Cusip: 494368103

Annual Meeting Date: 04/28/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		JOHN F. BERGSTROM	Management	For	For
		ROBERT W. DECHERD	Management	For	For
		G. CRAIG SULLIVAN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For

MARATHON OIL CORPORATION

Ticker Symbol: MRO

Cusip: 565849106

Annual Meeting Date: 04/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		SHIRLEY ANN JACKSON	Management	For	For
		PHILIP LADER	Management	For	For
		SETH E. SCHOFIELD	Management	For	For
		DOUGLAS C. YEARLEY	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder
04	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For

MASCO CORPORATION

Ticker Symbol: MAS

Cusip: 574599106

Annual Meeting Date: 05/10/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
02	ADOPT OMNIBUS STOCK OPTION PLAN		Management
03	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management

MATTEL, INC.

Ticker Symbol: MAT

Cusip: 577081102

Annual Meeting Date: 05/19/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		EUGENE P. BEARD	Management	For	For
		MICHAEL J. DOLAN	Management	For	For
		ROBERT A. ECKERT	Management	For	For
		TULLY M. FRIEDMAN	Management	For	For
		DR. ANDREA L. RICH	Management	For	For
		RONALD L. SARGENT	Management	For	For
		CHRISTOPHER A. SINCLAIR	Management	For	For
		G. CRAIG SULLIVAN	Management	For	For
		JOHN L. VOGELSTEIN	Management	For	For
		KATHY BRITTAIN WHITE	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	ADOPT INCENTIVE STOCK OPTION PLAN		Management	Against	Against
04	S/H PROPOSAL - PUT GOLDEN PARACHUTE TO SHAREHOLDER VOTE		Shareholder	For	Against
05	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against

NATIONAL CITY CORPORATION

Ticker Symbol: NCC

Cusip: 635405103

Annual Meeting Date: 04/26/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		J.E. BARFIELD	Management	For	For
		J.S. BROADHURST	Management	For	For
		C.M. CONNOR	Management	For	For
		D.A. DABERKO	Management	For	For
		J.T. GORMAN	Management	For	For
		B.P. HEALY	Management	For	For
		S.C. LINDNER	Management	For	For
		P.A. ORMOND	Management	For	For
		R.A. PAUL	Management	For	For
		G.L. SHAHEEN	Management	For	For
		J.S. THORNTON	Management	For	For
		M. WEISS	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

NEUBERGER BERMAN REAL ESTATE FUNDS

Ticker Symbol: NRL

Cusip: 64126D106

Annual Meeting Date: 03/08/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		ROBERT A. KAVESH	Management	For	For
		EDWARD I. O’BRIEN	Management	For	For
		WILLIAM E. RULON	Management	For	For
		CANDACE L. STRAIGHT	Management	For	For

NEW YORK COMMUNITY BANCORP, INC.

Ticker Symbol: NYB

Cusip: 649445103

Annual Meeting Date: 06/01/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		DOMINICK CIAMPA	Management	For	For
		W.C. FREDERICK, M.D.	Management	For	For
		MAX L. KUPFERBERG	Management	For	For
		JOSEPH L. MANCINO	Management	For	For
		SPIROS J. VOUTSINAS	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

NEWELL RUBBERMAID INC.

Ticker Symbol: NWL

Cusip: 651229106

Annual Meeting Date: 05/11/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		MICHAEL T. COWHIG	Management	For	For
		MARK D. KETCHUM	Management	For	For
		WILLIAM D. MAROHN	Management	For	For
		RAYMOND G. VIAULT	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - REPORT ON EMPLOYEES EARNING OVER		Shareholder	Against	For
	$100,000

PHELPS DODGE CORPORATION

Ticker Symbol: PD

Cusip: 717265102

Annual Meeting Date: 05/27/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		A. DUNHAM	Management	For	For
		W. FRANKE	Management	For	For
		R. JOHNSON	Management	For	For
		J. STEVEN WHISLER	Management	For	For
02	ADOPT OMNIBUS STOCK OPTION PLAN		Management	Against	Against
03	APPROVE AUTHORIZED COMMON STOCK INCREASE		Management	For	For
04	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

PITNEY BOWES INC.

Ticker Symbol: PBI

Cusip: 724479100

Annual Meeting Date: 05/09/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		MICHAEL J. CRITELLI	Management	For	For
		MICHAEL I. ROTH	Management	For	For
		ROBERT E. WEISSMAN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

PPG INDUSTRIES, INC.

Ticker Symbol: PPG

Cusip: 693506107

Annual Meeting Date: 04/21/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		MICHELE J. HOOPER	Management	For	For
		RAYMOND W. LEBOEUF	Management	For	For
		ROBERT MEHRABIAN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

PROGRESS ENERGY, INC.

Ticker Symbol: PGN

Cusip: 743263105

Annual Meeting Date: 05/11/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		W. MCCOY	Management	For	For
		J. MULLIN, III	Management	For	For
		C. SALADRIGAS	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

R.R. DONNELLEY & SONS COMPANY

Ticker Symbol: RRD

Cusip: 257867101

Annual Meeting Date: 05/26/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		JUDITH H. HAMILTON	Management	For	For
		MICHAEL T. RIORDAN	Management	For	For
		BIDE L. THOMAS	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For

REGAL ENTERTAINMENT GROUP

Ticker Symbol: RGC

Cusip: 758766109

Annual Meeting Date: 05/11/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		PHILIP F. ANSCHUTZ	Management	For	For
		MICHAEL J. DOLAN	Management	For	For
		STEPHEN A. KAPLAN	Management	For	For
02	AMEND INCENTIVE STOCK OPTION PLAN TO INCREASE		Management	For	For
	SHARES
03	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

SBC COMMUNICATIONS INC.

Ticker Symbol: SBC

Cusip: 78387G103

Annual Meeting Date: 04/29/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		GILBERT F. AMELIO	Management	For	For
		AUGUST A. BUSCH III	Management	For	For
		MARTIN K. EBY, JR.	Management	For	For
		JAMES A. HENDERSON	Management	For	For
		CHARLES F. KNIGHT	Management	For	For
		LYNN M. MARTIN	Management	For	For
		JOHN B. MCCOY	Management	For	For
		MARY S. METZ	Management	For	For
		TONI REMBE	Management	For	For
		S. DONLEY RITCHEY	Management	For	For
		JOYCE M. ROCHE	Management	For	For
		LAURA D’ANDREA TYSON	Management	For	For
		PATRICIA P. UPTON	Management	For	For
		EDWARD E. WHITACRE, JR	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	ADOPT STOCK PURCHASE PLAN		Management	For	For
04	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	For	Against
05	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
06	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
07	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	For	Against

SCUDDER RREEF REAL ESTATE FUND II, I

Ticker Symbol: SRO

Cusip: 81119R108

Annual Meeting Date: 06/29/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
I	ELECTION OF DIRECTORS		Management	Withheld
		JOSEPH R. HARDIMAN	Management	Withheld	Against
		RICHARD J. HERRING	Management	Withheld	Against

SHELL TRANSPORT & TRADING COMPANY, P

Ticker Symbol: SC

Cusip: 822703609

Special Meeting Date: 06/28/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
C1	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E1	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E2	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E3	CHANGE STOCK EXCHANGE LISTING		Management	For	For

SHELL TRANSPORT & TRADING COMPANY, P

Ticker Symbol: SC

Cusip: 822703609

Annual Meeting Date: 06/28/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	CHANGE STOCK EXCHANGE LISTING		Management	For	For
02	CHANGE STOCK EXCHANGE LISTING		Management	For	For
03	CHANGE STOCK EXCHANGE LISTING		Management	For	For
04	CHANGE STOCK EXCHANGE LISTING		Management	For	For
05	CHANGE STOCK EXCHANGE LISTING		Management	For	For
06	CHANGE STOCK EXCHANGE LISTING		Management	For	For
07	CHANGE STOCK EXCHANGE LISTING		Management	For	For
08	CHANGE STOCK EXCHANGE LISTING		Management	For	For
09	CHANGE STOCK EXCHANGE LISTING		Management	For	For
10	CHANGE STOCK EXCHANGE LISTING		Management	For	For
11	CHANGE STOCK EXCHANGE LISTING		Management	For	For

THE ALLSTATE CORPORATION

Ticker Symbol: ALL

Cusip: 020002101

Annual Meeting Date: 05/17/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		F. DUANE ACKERMAN	Management	For	For
		JAMES G. ANDRESS	Management	For	For
		EDWARD A. BRENNAN	Management	For	For
		W. JAMES FARRELL	Management	For	For
		JACK M. GREENBERG	Management	For	For
		RONALD T. LEMAY	Management	For	For
		EDWARD M. LIDDY	Management	For	For
		J. CHRISTOPHER REYES	Management	For	For
		H. JOHN RILEY, JR.	Management	For	For
		JOSHUA I. SMITH	Management	For	For
		JUDITH A. SPRIESER	Management	For	For
		MARY ALICE TAYLOR	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - ADOPT CUMULATIVE VOTING		Shareholder	Against	For

THE PNC FINANCIAL SERVICES GROUP, IN

Ticker Symbol: PNC

Cusip: 693475105

Annual Meeting Date: 04/26/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		MR. CHELLGREN	Management	For	For
		MR. CLAY	Management	For	For
		MR. COOPER	Management	For	For
		MR. DAVIDSON	Management	For	For
		MR. KELSON	Management	For	For
		MR. LINDSAY	Management	For	For
		MR. MASSARO	Management	For	For
		MR. O’BRIEN	Management	For	For
		MS. PEPPER	Management	For	For
		MR. ROHR	Management	For	For
		MS. STEFFES	Management	For	For
		MR. STRIGL	Management	For	For
		MR. THIEKE	Management	For	For
		MR. USHER	Management	For	For
		MR. WASHINGTON	Management	For	For
		MR. WEHMEIER	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

THE ST. PAUL TRAVELERS COMPANIES, IN

Ticker Symbol: STA

Cusip: 792860108

Annual Meeting Date: 05/03/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
		JOHN H. DASBURG	Management	For	For
		LESLIE B. DISHAROON	Management	For	For
		JANET M. DOLAN	Management	For	For
		KENNETH M. DUBERSTEIN	Management	For	For
		JAY S. FISHMAN	Management	For	For
		LAWRENCE G. GRAEV	Management	Withheld	Against
		THOMAS R. HODGSON	Management	For	For
		ROBERT I. LIPP	Management	For	For
		BLYTHE J. MCGARVIE	Management	For	For
		GLEN D. NELSON, MD	Management	For	For
		CLARENCE OTIS, JR.	Management	For	For
		CHARLES W. SCHARF	Management	For	For
		LAURIE J. THOMSEN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

TOTAL S.A.

Ticker Symbol: TOT

Cusip: 89151E109

Annual Meeting Date: 05/17/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
O1	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O2	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O3	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O4	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O5	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O6	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O7	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O8	CHANGE STOCK EXCHANGE LISTING		Management	For	For
O9	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E10	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E11	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E12	CHANGE STOCK EXCHANGE LISTING		Management	For	For
E13	CHANGE STOCK EXCHANGE LISTING		Management	For	For
A	CHANGE STOCK EXCHANGE LISTING		Management	Against	For

U.S. BANCORP

Ticker Symbol: USB

Cusip: 902973304

Annual Meeting Date: 04/19/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
		JOEL W. JOHNSON	Management	For	For
		DAVID B. O’MALEY	Management	For	For
		O’DELL M. OWENS MD, MPH	Management	For	For
		CRAIG D. SCHNUCK	Management	Withheld	Against
		WARREN R. STALEY	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	Against	Against
03	SUPERMAJORITY		Management	For	For
04	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	Against	For
05	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	For	Against

UNITED PARCEL SERVICE, INC.

Ticker Symbol: UPS

Cusip: 911312106

Annual Meeting Date: 05/05/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		JOHN J. BEYSTEHNER	Management	For	For
		MICHAEL L. ESKEW	Management	For	For
		JAMES P. KELLY	Management	For	For
		ANN M. LIVERMORE	Management	For	For
		GARY E. MACDOUGAL	Management	For	For
		VICTOR A. PELSON	Management	For	For
		LEA N. SOUPATA	Management	For	For
		JOHN W. THOMPSON	Management	For	For
		CAROL B. TOME	Management	For	For
		BEN VERWAAYEN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

UST INC.

Ticker Symbol: UST

Cusip: 902911106

Annual Meeting Date: 05/03/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		J.D. BARR	Management	For	For
		R.J. ROSSI	Management	For	For
02	ADOPT OMNIBUS STOCK OPTION PLAN		Management	For	For
03	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
04	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For

VERIZON COMMUNICATIONS INC.

Ticker Symbol: VZ

Cusip: 92343V104

Annual Meeting Date: 05/05/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management
		J.R. BARKER	Management	For	For
		R.L. CARRION	Management	For	For
		R.W. LANE	Management	For	For
		S.O. MOOSE	Management	For	For
		J. NEUBAUER	Management	Withheld	Against
		T.H. O’BRIEN	Management	For	For
		H.B. PRICE	Management	For	For
		I.G. SEIDENBERG	Management	For	For
		W.V. SHIPLEY	Management	For	For
		J.R. STAFFORD	Management	For	For
		R.D. STOREY	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	S/H PROPOSAL - ADOPT CUMULATIVE VOTING		Shareholder	Against	For
04	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
05	S/H PROPOSAL - PROXY PROCESS/STATEMENT		Shareholder	Against	For
06	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
07	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	Against	For
08	S/H - REPORT ON CHARITABLE CONRIBUTIONS		Shareholder	Against	For

WACHOVIA CORPORATION

Ticker Symbol: WB

Cusip: 929903102

Annual Meeting Date: 04/19/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		JOHN D. BAKER, II	Management	For	For
		PETER C. BROWNING	Management	For	For
		DONALD M. JAMES	Management	For	For
		VAN L. RICHEY	Management	For	For
		G. KENNEDY THOMPSON	Management	For	For
		JOHN C. WHITAKER, JR.	Management	For	For
		WALLACE D. MALONE, JR	Management	For	For
		ROBERT J. BROWN	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

WASHINGTON MUTUAL, INC.

Ticker Symbol: WM

Cusip: 939322103

Annual Meeting Date: 04/19/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		PHILLIP D. MATTHEWS	Management	For	For
		MARY E. PUGH	Management	For	For
		WILLIAM G. REED, JR.	Management	For	For
		JAMES H. STEVER	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For

WASTE MANAGEMENT, INC.

Ticker Symbol: WMI

Cusip: 94106L109

Annual Meeting Date: 05/13/2005

Proposal Number	Proposal		Proposal Type	Vote Cast	For or Against Mgmt.
01	ELECTION OF DIRECTORS		Management	For
		PASTORA S.J. CAFFERTY	Management	For	For
		FRANK M. CLARK, JR.	Management	For	For
		ROBERT S. MILLER	Management	For	For
		JOHN C. POPE	Management	For	For
		W. ROBERT REUM	Management	For	For
		STEVEN G. ROTHMEIER	Management	For	For
		DAVID P. STEINER	Management	For	For
		THOMAS H. WEIDEMEYER	Management	For	For
02	RATIFY APPOINTMENT OF INDEPENDENT AUDITORS		Management	For	For
03	MISCELLANEOUS SHAREHOLDER PROPOSAL		Shareholder	Against	For
04	S/H PROPOSAL - BOARD OF DIRECTORS		Shareholder	For	Against
05	S/H - REPORT ON CHARITABLE CONRIBUTIONS		Shareholder	For	Against
06	S/H PROPOSAL - CORPORATE GOVERNANCE		Shareholder	For	Against

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.


TS&W/Claymore Tax-Advantaged Balanced Fund

By:		/s/ Nicholas Dalmaso
Name:		Nicholas Dalmaso
Title:		Chief Legal and Executive Officer

Date: August 31, 2005

TS&W / Claymore Tax-advantaged Balanced Fund Inactive N-PXAnnual report of proxy voting record