Highland Funds I N-PX Annual 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 811-21866

Highland Funds I

(Exact name of registrant as specified in charter)

NexBank Tower
13455 Noel Road, Suite 800
Dallas, TX 75240

(Address of principal executive offices) (Zip code)

James D. Dondero
Highland Capital Management, L.P.
NexBank Tower
13455 Noel Road, Suite 800
Dallas, TX 75240

(Name and address of agent for service)

Registrant’s telephone number, including area code: 877-665-1287

Date of fiscal year end: August 31

Date of reporting period: July 1, 2007 - June 30, 2008

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, 100 F Street, NE, Washington, DC 20549. 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, 2007 TO JUNE 30, 2008

HIGHLAND EQUITY OPPORTUNITIES

AFFILIATED COMPUTER SERVICES, INC.

Security:	008190100	Agenda Number:	932862217
Ticker:	ACS	Meeting Type:	Annual
ISIN:	US0081901003	Meeting Date:	22-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 DARWIN DEASON	Mgmt	No vote
	2 LYNN R. BLODGETT	Mgmt	No vote
	3 ROBERT DRUSKIN	Mgmt	No vote
	4 KURT R. KRAUSS	Mgmt	No vote
	5 TED B. MILLER, JR.	Mgmt	No vote
	6 PAUL E. SULLIVAN	Mgmt	No vote
	7 FRANK VARASANO	Mgmt	No vote
02	Approve Cash/Stock Bonus Plan	Mgmt	No vote
03	Ratify Appointment of Independent Auditors	Mgmt	No vote
04	S/H Proposal — Executive Compensation	Shr	No vote

ALCOA INC.

Security:	013817101	Agenda Number:	932838103
Ticker:	AA	Meeting Type:	Annual
ISIN:	US0138171014	Meeting Date:	08-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 JOSEPH T. GORMAN	Mgmt	For	For
	2 KLAUS KLEINFELD	Mgmt	For	For
	3 JAMES W. OWENS	Mgmt	For	For
	4 RATAN N. TATA	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	S/H Proposal — Environmental	Shr	Against	For

ARRIS GROUP, INC.

Security:	04269Q100	Agenda Number:	932867471
Ticker:	ARRS	Meeting Type:	Annual
ISIN:	US04269Q1004	Meeting Date:	28-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 ALEX B. BEST	Mgmt	No vote
	2 HARRY L. BOSCO	Mgmt	No vote
	3 JOHN ANDERSON CRAIG	Mgmt	No vote
	4 MATTHEW B. KEARNEY	Mgmt	No vote
	5 WILLIAM H. LAMBERT	Mgmt	No vote
	6 JOHN R. PETTY	Mgmt	No vote
	7 ROBERT J. STANZIONE	Mgmt	No vote
	8 DAVID A. WOODLE	Mgmt	No vote
02	Approve Stock Compensation Plan	Mgmt	No vote
03	Ratify Appointment of Independent Auditors	Mgmt	No vote

AT&T INC.

Security:	00206R102	Agenda Number:	932822578
Ticker:	T	Meeting Type:	Annual
ISIN:	US00206R1023	Meeting Date:	25-Apr-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	No vote
1B	Election of Directors (Majority Voting)	Mgmt	No vote
1C	Election of Directors (Majority Voting)	Mgmt	No vote
1D	Election of Directors (Majority Voting)	Mgmt	No vote
1E	Election of Directors (Majority Voting)	Mgmt	No vote
1F	Election of Directors (Majority Voting)	Mgmt	No vote
1G	Election of Directors (Majority Voting)	Mgmt	No vote
1H	Election of Directors (Majority Voting)	Mgmt	No vote
1I	Election of Directors (Majority Voting)	Mgmt	No vote
1J	Election of Directors (Majority Voting)	Mgmt	No vote
1K	Election of Directors (Majority Voting)	Mgmt	No vote
1L	Election of Directors (Majority Voting)	Mgmt	No vote
1M	Election of Directors (Majority Voting)	Mgmt	No vote
1N	Election of Directors (Majority Voting)	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote
03	S/H Proposal — Political/Government	Shr	No vote
04	Miscellaneous Shareholder Proposal	Shr	No vote
05	S/H Proposal — Nominate a Lead Director	Shr	No vote
06	Miscellaneous Shareholder Proposal	Shr	No vote
07	S/H Proposal — Advisory Vote Executive Pay	Shr	No vote

BARR PHARMACEUTICALS, INC.

Security:	068306109	Agenda Number:	932860655
Ticker:	BRL	Meeting Type:	Annual
ISIN:	US0683061099	Meeting Date:	15-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 BRUCE L. DOWNEY	Mgmt	For	For
	2 GEORGE P. STEPHAN	Mgmt	For	For
	3 HAROLD N. CHEFITZ	Mgmt	For	For
	4 RICHARD R. FRANKOVIC	Mgmt	For	For
	5 PETER R. SEAVER	Mgmt	For	For
	6 JAMES S. GILMORE, III	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	Amend Articles-Board Related	Mgmt	For	For

CENTURYTEL, INC.

Security:	156700106	Agenda Number:	932841720
Ticker:	CTL	Meeting Type:	Annual
ISIN:	US1567001060	Meeting Date:	08-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 VIRGINIA BOULET	Mgmt	No vote
	2 CALVIN CZESCHIN	Mgmt	No vote
	3 JAMES B. GARDNER	Mgmt	No vote
	4 GREGORY J. MCCRAY	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote
03	S/H Proposal — Executive Compensation	Shr	No vote

COMCAST CORPORATION

Security:	20030N101	Agenda Number:	932839989
Ticker:	CMCSA	Meeting Type:	Annual
ISIN:	US20030N1019	Meeting Date:	14-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 S. DECKER ANSTROM	Mgmt	Withheld	Against
	2 KENNETH J. BACON	Mgmt	Withheld	Against
	3 SHELDON M. BONOVITZ	Mgmt	Withheld	Against
	4 EDWARD D. BREEN	Mgmt	Withheld	Against
	5 JULIAN A. BRODSKY	Mgmt	Withheld	Against
	6 JOSEPH J. COLLINS	Mgmt	Withheld	Against
	7 J. MICHAEL COOK	Mgmt	Withheld	Against
	8 GERALD L. HASSELL	Mgmt	Withheld	Against
	9 JEFFREY A. HONICKMAN	Mgmt	Withheld	Against
	10 BRIAN L. ROBERTS	Mgmt	Withheld	Against
	11 RALPH J. ROBERTS	Mgmt	Withheld	Against
	12 DR. JUDITH RODIN	Mgmt	Withheld	Against
	13 MICHAEL I. SOVERN	Mgmt	Withheld	Against
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	Amend Stock Compensation Plan	Mgmt	Against	Against
04	Amend Stock Option Plan	Mgmt	Against	Against
05	Miscellaneous Shareholder Proposal	Shr	Against	For
06	S/H Proposal — Report on Executive Compensation	Shr	For	Against
07	Miscellaneous Shareholder Proposal	Shr	For	Against
08	Miscellaneous Shareholder Proposal	Shr	Against	For
09	S/H Proposal — Adopt Cumulative Voting	Shr	For	Against
10	S/H Proposal — Health Issues	Shr	Against	For
11	S/H Proposal — Executive Compensation	Shr	Against	For

CRESCENT REAL ESTATE EQUITIES COMPAN

Security:	225756105	Agenda Number:	932749255
Ticker:	CEI	Meeting Type:	Special
ISIN:		Meeting Date:	01-Aug-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Approve Merger Agreement	Mgmt	No vote
02	Transact Other Business	Mgmt	No vote

CVS/CAREMARK CORPORATION

Security:	126650100	Agenda Number:	932843344
Ticker:	CVS	Meeting Type:	Annual
ISIN:	US1266501006	Meeting Date:	07-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	No vote
1B	Election of Directors (Majority Voting)	Mgmt	No vote
1C	Election of Directors (Majority Voting)	Mgmt	No vote
1D	Election of Directors (Majority Voting)	Mgmt	No vote
1E	Election of Directors (Majority Voting)	Mgmt	No vote
1F	Election of Directors (Majority Voting)	Mgmt	No vote
1G	Election of Directors (Majority Voting)	Mgmt	No vote
1H	Election of Directors (Majority Voting)	Mgmt	No vote
1I	Election of Directors (Majority Voting)	Mgmt	No vote
1J	Election of Directors (Majority Voting)	Mgmt	No vote
1K	Election of Directors (Majority Voting)	Mgmt	No vote
1L	Election of Directors (Majority Voting)	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote
03	S/H Proposal — Proxy Process/Statement	Shr	No vote
04	Miscellaneous Shareholder Proposal	Shr	No vote
05	S/H Proposal — Political/Government	Shr	No vote

DAVITA INC.

Security:	23918K108	Agenda Number:	932884819
Ticker:	DVA	Meeting Type:	Annual
ISIN:	US23918K1088	Meeting Date:	09-Jun-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	For	For
1B	Election of Directors (Majority Voting)	Mgmt	For	For
1C	Election of Directors (Majority Voting)	Mgmt	For	For
1D	Election of Directors (Majority Voting)	Mgmt	For	For
1E	Election of Directors (Majority Voting)	Mgmt	For	For
1F	Election of Directors (Majority Voting)	Mgmt	For	For
1G	Election of Directors (Majority Voting)	Mgmt	For	For
1H	Election of Directors (Majority Voting)	Mgmt	For	For
1I	Election of Directors (Majority Voting)	Mgmt	For	For
1J	Election of Directors (Majority Voting)	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

DEVON ENERGY CORPORATION

Security:	25179M103	Agenda Number:	932889655
Ticker:	DVN	Meeting Type:	Annual
ISIN:	US25179M1036	Meeting Date:	04-Jun-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 DAVID A. HAGER	Mgmt	No vote
	2 JOHN A. HILL	Mgmt	No vote
	3 MARY P. RICCIARDELLO	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote
03	Authorize Common Stock Increase	Mgmt	No vote
04	Amend Articles-Board Related	Mgmt	No vote

DYNEGY INC.

Security:	26817G102	Agenda Number:	932733252
Ticker:	DYN	Meeting Type:	Annual
ISIN:	US26817G1022	Meeting Date:	18-Jul-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 DAVID W. BIEGLER	Mgmt	For	For
	2 THOMAS D. CLARK, JR.	Mgmt	For	For
	3 VICTOR E. GRIJALVA	Mgmt	For	For
	4 PATRICIA A. HAMMICK	Mgmt	For	For
	5 ROBERT C. OELKERS	Mgmt	For	For
	6 GEORGE L. MAZANEC	Mgmt	For	For
	7 WILLIAM L. TRUBECK	Mgmt	For	For
	8 BRUCE A. WILLIAMSON	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	S/H Proposal — Executive Compensation	Shr	Against	For

EXELON CORPORATION

Security:	30161N101	Agenda Number:	932833874
Ticker:	EXC	Meeting Type:	Annual
ISIN:	US30161N1019	Meeting Date:	29-Apr-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	For	For
1B	Election of Directors (Majority Voting)	Mgmt	For	For
1C	Election of Directors (Majority Voting)	Mgmt	For	For
1D	Election of Directors (Majority Voting)	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	Miscellaneous Shareholder Proposal	Shr	Against	For

GEORGIA GULF CORPORATION

Security:	373200203	Agenda Number:	932877078
Ticker:	GGC	Meeting Type:	Annual
ISIN:	US3732002031	Meeting Date:	20-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 JOHN E. AKITT	Mgmt	For	For
	2 CHARLES L. HENRY	Mgmt	For	For
	3 WAYNE C. SALES	Mgmt	For	For
02	Eliminate Supermajority Requirements	Mgmt	Against	Against
03	Amend Articles-Board Related	Mgmt	Against	Against
04	Ratify Appointment of Independent Auditors	Mgmt	For	For

GRAPHIC PACKAGING CORPORATION

Security:	388688103	Agenda Number:	932798513
Ticker:	GPK	Meeting Type:	Special
ISIN:		Meeting Date:	17-Jan-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Approve Merger Agreement	Mgmt	For	For
02	Increase Share Capital	Mgmt	For	For
03	Approve Motion to Adjourn Meeting	Mgmt	For	For

GRAPHIC PACKAGING HOLDING COMPANY

Security:	388689101	Agenda Number:	932885087
Ticker:	GPK	Meeting Type:	Annual
ISIN:		Meeting Date:	20-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 G. ANDREA BOTTA	Mgmt	For	For
	2 JEFFREY H. COORS	Mgmt	For	For
	3 KEVIN J. CONWAY	Mgmt	For	For
	4 KELVIN L. DAVIS	Mgmt	For	For
	5 DAVID W. SCHEIBLE	Mgmt	For	For

HALLIBURTON COMPANY

Security:	406216101	Agenda Number:	932852076
Ticker:	HAL	Meeting Type:	Annual
ISIN:	US4062161017	Meeting Date:	21-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	No vote
1B	Election of Directors (Majority Voting)	Mgmt	No vote
1C	Election of Directors (Majority Voting)	Mgmt	No vote
1D	Election of Directors (Majority Voting)	Mgmt	No vote
1E	Election of Directors (Majority Voting)	Mgmt	No vote
1F	Election of Directors (Majority Voting)	Mgmt	No vote
1G	Election of Directors (Majority Voting)	Mgmt	No vote
1H	Election of Directors (Majority Voting)	Mgmt	No vote
1I	Election of Directors (Majority Voting)	Mgmt	No vote
1J	Election of Directors (Majority Voting)	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote
03	Amend Cash/Stock Bonus Plan	Mgmt	No vote
04	S/H Proposal — Human Rights Related	Shr	No vote
05	S/H Proposal — Political/Government	Shr	No vote
06	S/H Proposal — Human Rights Related	Shr	No vote

HOLOGIC, INC.

Security:	436440101	Agenda Number:	932772292
Ticker:	HOLX	Meeting Type:	Special
ISIN:	US4364401012	Meeting Date:	18-Oct-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Authorize Common Stock Increase	Mgmt	No vote
02	Approve Merger Agreement	Mgmt	No vote
03	Approve Cash/Stock Bonus Plan	Mgmt	No vote
04	Amend Stock Compensation Plan	Mgmt	No vote
05	Approve Motion to Adjourn Meeting	Mgmt	No vote

ICO GLOBAL COMMUNICATIONS (HLDG.) LTD.

Security:	44930K108	Agenda Number:	932895824
Ticker:	ICOG	Meeting Type:	Annual
ISIN:	US44930K1088	Meeting Date:	06-Jun-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 CRAIG O. MCCAW	Mgmt	For	For
	2 J. TIMOTHY BRYAN	Mgmt	For	For
	3 DONNA P. ALDERMAN	Mgmt	For	For
	4 SAMUEL L. GINN	Mgmt	For	For
	5 BARRY L. ROWAN	Mgmt	For	For
	6 R. GERARD SALEMME	Mgmt	For	For
	7 H. BRIAN THOMPSON	Mgmt	For	For
	8 DAVID WASSERMAN	Mgmt	For	For
	9 BENJAMIN G. WOLFF	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

LANDAMERICA FINANCIAL GROUP, INC.

Security:	514936103	Agenda Number:	932836313
Ticker:	LFG	Meeting Type:	Annual
ISIN:	US5149361033	Meeting Date:	13-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 ROBERT F. NORFLEET, JR.	Mgmt	No vote
	2 JULIOUS P. SMITH, JR.	Mgmt	No vote
	3 THOMAS G. SNEAD, JR.	Mgmt	No vote
	4 EUGENE P. TRANI	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote

LAZARD LTD

Security:	G54050102	Agenda Number:	932850363
Ticker:	LAZ	Meeting Type:	Annual
ISIN:	BMG540501027	Meeting Date:	06-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 BRUCE WASSERSTEIN	Mgmt	For	For
	2 RONALD J. DOERFLER	Mgmt	For	For
	3 MICHAEL J. TURNER	Mgmt	For	For
02	Approve Stock Compensation Plan	Mgmt	For	For
03	Approve Charter Amendment	Mgmt	Against	Against
04	Approve Remuneration of Directors and Auditors	Mgmt	For	For

LORAL SPACE & COMMUNICATIONS INC.

Security:	543881106	Agenda Number:	932888122
Ticker:	LORL	Meeting Type:	Annual
ISIN:	US5438811060	Meeting Date:	20-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 MICHAEL B. TARGOFF	Mgmt	Withheld	Against
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

LOUISIANA-PACIFIC CORPORATION

Security:	546347105	Agenda Number:	932829382
Ticker:	LPX	Meeting Type:	Annual
ISIN:	US5463471053	Meeting Date:	01-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 E. GARY COOK	Mgmt	For	For
	2 KURT M. LANDGRAF	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

MARSHALL & ILSLEY CORPORATION

Security:	571834100	Agenda Number:	932774385
Ticker:	MI	Meeting Type:	Special
ISIN:		Meeting Date:	25-Oct-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Approve Investment Advisory Agreement	Mgmt	For	For
02	Approve Motion to Adjourn Meeting	Mgmt	For

NATIONAL CINEMEDIA, INC.

Security:	635309107	Agenda Number:	932836729
Ticker:	NCMI	Meeting Type:	Annual
ISIN:	US6353091076	Meeting Date:	29-Apr-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 KURT C. HALL	Mgmt	No vote
	2 LAWRENCE A. GOODMAN	Mgmt	No vote
	3 SCOTT N. SCHNEIDER	Mgmt	No vote
02	Approve Cash/Stock Bonus Plan	Mgmt	No vote
03	Ratify Appointment of Independent Auditors	Mgmt	No vote

NAVIGANT CONSULTING, INC.

Security:	63935N107	Agenda Number:	932829546
Ticker:	NCI	Meeting Type:	Annual
ISIN:	US63935N1072	Meeting Date:	29-Apr-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 WILLIAM M. GOODYEAR	Mgmt	No vote
	2 VALERIE B. JARRETT	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote

NUVEEN INVESTMENTS, INC.

Security:	67090F106	Agenda Number:	932762859
Ticker:	JNC	Meeting Type:	Special
ISIN:	US67090F1066	Meeting Date:	18-Sep-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Approve Merger Agreement	Mgmt	No vote
02	Approve Motion to Adjourn Meeting	Mgmt	No vote

PDL BIOPHARMA, INC.

Security:	69329Y104	Agenda Number:	932893313
Ticker:	PDLI	Meeting Type:	Annual
ISIN:	US69329Y1047	Meeting Date:	28-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Miscellaneous Corporate Governance	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

PSS WORLD MEDICAL, INC.

Security:	69366A100	Agenda Number:	932758064
Ticker:	PSSI	Meeting Type:	Annual
ISIN:	US69366A1007	Meeting Date:	21-Aug-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 JEFFREY C. CROWE	Mgmt	No vote
	2 MELVIN L. HECKTMAN	Mgmt	No vote
	3 DELORES P. KESLER	Mgmt	No vote
	4 DAVID A. SMITH	Mgmt	No vote

SALIX PHARMACEUTICALS, LTD.

Security:	795435106	Agenda Number:	932888879
Ticker:	SLXP	Meeting Type:	Annual
ISIN:	US7954351067	Meeting Date:	12-Jun-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 JOHN F. CHAPPELL	Mgmt	For	For
	2 THOMAS W. D’ALONZO	Mgmt	For	For
	3 RICHARD A. FRANCO, SR.	Mgmt	For	For
	4 WILLIAM HARRAL III	Mgmt	For	For
	5 WILLIAM P. KEANE	Mgmt	For	For
	6 CAROLYN J. LOGAN	Mgmt	For	For
	7 MARK A. SIRGO	Mgmt	For	For
02	Amend Stock Compensation Plan	Mgmt	For	For
03	Ratify Appointment of Independent Auditors	Mgmt	For	For

SCHERING-PLOUGH CORPORATION

Security:	806605101	Agenda Number:	932882358
Ticker:	SGP	Meeting Type:	Annual
ISIN:	US8066051017	Meeting Date:	16-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 HANS W. BECHERER	Mgmt	For	For
	2 THOMAS J. COLLIGAN	Mgmt	For	For
	3 FRED HASSAN	Mgmt	For	For
	4 C. ROBERT KIDDER	Mgmt	For	For
	5 EUGENE R. MCGRATH	Mgmt	For	For
	6 CARL E. MUNDY, JR.	Mgmt	For	For
	7 ANTONIO M. PEREZ	Mgmt	For	For
	8 PATRICIA F. RUSSO	Mgmt	For	For
	9 JACK L. STAHL	Mgmt	For	For
	10 CRAIG B. THOMPSON, M.D.	Mgmt	For	For
	11 KATHRYN C. TURNER	Mgmt	For	For
	12 ROBERT F.W. VAN OORDT	Mgmt	For	For
	13 ARTHUR F. WEINBACH	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

SLM CORPORATION

Security:	78442P106	Agenda Number:	932755070
Ticker:	SLM	Meeting Type:	Special
ISIN:	US78442P1066	Meeting Date:	15-Aug-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Approve Merger Agreement	Mgmt	For	For
02	Approve Motion to Adjourn Meeting	Mgmt	For	For

TEVA PHARMACEUTICAL INDUSTRIES LIMIT

Security:	881624209	Agenda Number:	932745081
Ticker:	TEVA	Meeting Type:	Annual
ISIN:	US8816242098	Meeting Date:	17-Jul-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Receive Consolidated Financial Statements	Mgmt	For	For
02	Dividends	Mgmt	For	For
3A	Election of Directors (Majority Voting)	Mgmt	For	For
3B	Election of Directors (Majority Voting)	Mgmt	For	For
3C	Election of Directors (Majority Voting)	Mgmt	For	For
3D	Election of Directors (Majority Voting)	Mgmt	For	For
04	Approve Director Liability Insurance	Mgmt	For	For
05	Ratify Appointment of Independent Auditors	Mgmt	For	For

THE MOSAIC COMPANY

Security:	61945A107	Agenda Number:	932764269
Ticker:	MOS	Meeting Type:	Annual
ISIN:	US61945A1079	Meeting Date:	04-Oct-07

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 F. GUILLAUME BASTIAENS	Mgmt	For	For
	2 RAYMOND F. BENTELE	Mgmt	For	For
	3 RICHARD D. FRASCH	Mgmt	For	For
	4 WILLIAM R. GRABER	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For

TIME WARNER CABLE INC

Security:	88732J108	Agenda Number:	932863699
Ticker:	TWC	Meeting Type:	Annual
ISIN:	US88732J1088	Meeting Date:	29-May-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 DAVID C. CHANG	Mgmt	No vote
	2 JAMES E. COPELAND, JR.	Mgmt	No vote
02	Ratify Appointment of Independent Auditors	Mgmt	No vote

WALGREEN CO.

Security:	931422109	Agenda Number:	932793171
Ticker:	WAG	Meeting Type:	Annual
ISIN:	US9314221097	Meeting Date:	09-Jan-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
01	Election of Directors
	1 WILLIAM C. FOOTE	Mgmt	For	For
	2 ALAN G. MCNALLY	Mgmt	For	For
	3 CORDELL REED	Mgmt	For	For
	4 JEFFREY A. REIN	Mgmt	For	For
	5 NANCY M. SCHLICHTING	Mgmt	For	For
	6 DAVID Y. SCHWARTZ	Mgmt	For	For
	7 ALEJANDRO SILVA	Mgmt	For	For
	8 JAMES A. SKINNER	Mgmt	For	For
	9 MARILOU M. VON FERSTEL	Mgmt	For	For
	10 CHARLES R. WALGREEN III	Mgmt	For	For
02	Ratify Appointment of Independent Auditors	Mgmt	For	For
03	S/H Proposal — Report on Charitable Contributions	Shr	Against	For
04	S/H Proposal — to Ratify Poison Pill	Shr	Against	For
05	Miscellaneous Shareholder Proposal	Shr	For	Against

WEYERHAEUSER COMPANY

Security:	962166104	Agenda Number:	932826071
Ticker:	WY	Meeting Type:	Annual
ISIN:	US9621661043	Meeting Date:	17-Apr-08

		Proposed		For/Against
Prop. #	Proposal	by	Proposal Vote	Management
1A	Election of Directors (Majority Voting)	Mgmt	For	For
1B	Election of Directors (Majority Voting)	Mgmt	For	For
1C	Election of Directors (Majority Voting)	Mgmt	For	For
02	Miscellaneous Shareholder Proposal	Shr	Against	For
03	Ratify Appointment of Independent Auditors	Mgmt	For	For

HIGHLAND HEALTHCARE FUND

There were no matters relating to a portfolio security considered at any shareholder meeting held during the period covered by this report and with respect to which the series was entitled to vote.

HIGHLAND HIGH INCOME FUND

There were no matters relating to a portfolio security considered at any shareholder meeting held during the period covered by this report and with respect to which the series was entitled to vote.

HIGHLAND INCOME FUND

There were no matters relating to a portfolio security considered at any shareholder meeting held during the period covered by this report and with respect to which the series was entitled to vote.

SIGNATURES

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

Registrant Highland Funds I
By (Signature and Title)*		/s/ James D. Dondero
		James D. Dondero, Chief Executive Officer and President (Principal Executive Officer)
Date	August 28, 2008

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