Putnam Global Natural Resources Fund N-PX Annual report of proxy voting record

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number : 811-3061

Name of Registrant: Putnam Global Natural Resources Fund

Address of Principal Executive Offices:
One Post Office Square
Boston, Massachusetts 02109

Name and address of agent of service:
Beth S. Mazor, Vice President
Putnam Global Natural Resources Fund
One Post Office Square
Boston, Massachusetts 02109

Copy to:
John W. Gerstmayr, Esq.
Ropes & Gray LLP
One International Place
Boston, Massachusetts 02110

Registrant's telephone number including area code:
(617) 292-1000

Date of fiscal year end:
08/31

Date of Reporting Period:
07/01/2005 - 06/30/2006

Item 1. Proxy Voting Record

=====================			PUTNAM GLOBAL NATURAL RESOURCES FUND =====================
AIR PRODUCTS & CHEMICALS, INC.
Ticker:		APD		Security ID:	009158106
Meeting Date: JAN 26,			2006	Meeting Type: Annual
Record Date: NOV 30,			2005
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Mario L. Baeza					For	For	Management
1.2	Elect Director Edward E. Hagenlocker					For	For	Management
1.3	Elect Director Terrence Murray					For	For	Management
1.4	Elect Director Charles H. Noski					For	For	Management
2	Ratify Auditors					For	For	Management
3	Amend Omnibus Stock Plan					For	For	Management
4	Approve Executive Incentive Bonus Plan					For	For	Management
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ALCOA INC.
Ticker:		AA		Security ID:	013817101
Meeting Date: APR 21,			2006	Meeting Type: Annual
Record Date: JAN 23,			2006
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Kathryn S. Fuller					For	For	Management
1.2	Elect Director Judith M. Gueron					For	For	Management
1.3	Elect Director Ernesto Zedillo					For	For	Management
2	Ratify Auditors					For	For	Management
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APACHE CORP.
Ticker:		APA		Security ID:	037411105
Meeting Date: MAY 4, 2006				Meeting Type: Annual
Record Date: MAR 15,			2006
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Frederick M. Bohen					For	Withhold	Management
1.2	Elect Director George D. Lawrence					For	Withhold	Management
1.3	Elect Director Rodman D. Patton					For	Withhold	Management
1.4	Elect Director Charles J. Pitman					For	Withhold	Management
1.5	Elect Director Jay A. Precourt					For	Withhold	Management
2	Amend Non-Employee Director Stock Option					For	For	Management
	Plan

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BASF AG
Ticker:		Security ID: DE0005151005
Meeting Date: MAY 4, 2006		Meeting Type: Annual
Record Date: APR 13, 2006
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Receive Financial Statements and		None	Did Not	Management
	Statutory Reports			Vote
2	Approve Allocation of Income and		For	Did Not	Management
	Dividends of EUR 2.00 per Share			Vote
3	Approve Discharge of Supervisory Board		For	Did Not	Management
	for Fiscal 2005			Vote
4	Approve Discharge of Management Board for		For	Did Not	Management
	Fiscal 2005			Vote
5	Ratify KPMG Deutsche		For	Did Not	Management
	Treuhand-Gesellschaft AG as Auditors for			Vote
	Fiscal 2006
6	Authorize Share Repurchase Program and		For	Did Not	Management
	Reissuance of Repurchased Shares			Vote
7	Authorize Use of Financial Derivatives		For	Did Not	Management
	When Repurchasing Shares			Vote
8	Amend Articles Re: Supervisory Board		For	Did Not	Management
	Remuneration Scheme; Conducting of			Vote
	Shareholder Meetings
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BHP BILLITON LIMITED (FORMERLY BHP LTD.)
Ticker:		Security ID: Q1498M100
Meeting Date: NOV 25, 2005		Meeting Type: A
Record Date: SEP 15, 2005
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.00	Receive statutory reports		For	Abstain	Management
2.00	Receive statutory reports		For	Abstain	Management
3.00	Elect Carlos Cordeiro		For	For	Management
4.00	Elect Carlos Cordeiro		For	For	Management
5.00	Elect Dr. E. Gail De Planque		For	For	Management
6.00	Elect Dr. E. Gail De Planque		For	For	Management
7.00	Elect David A. Crawford		For	For	Management
8.00	Elect David A. Crawford		For	For	Management
9.00	Elect Dr. David Jenkins		For	For	Management
10.00	Elect Dr. David Jenkins		For	For	Management
11.00	Elect Miklos Salamon		For	For	Management
12.00	Elect Miklos Salamon		For	Against	Management
13.00	Appoint outside auditors		For	For	Management
14.00	Issue stock w/ preemptive rights		For	For	Management
15.00	Issue stock w/o preemptive rights		For	For	Management
16.00	Authorize share repurchase		For	For	Management
17.00	Approve remuneration policy		For	Abstain	Management
18.00	Approve director participation in stock		For	For	Management

	plan
19.00	Approve director participation in stock			For	For	Management
	plan
20.00	Amend meeting procedures/change date			For	For	Management
21.00	Amend board			For	For	Management
	powers/procedures/qualifications
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BHP BILLITON PLC
Ticker:			Security ID: G10877101
Meeting Date: OCT 20, 2005			Meeting Type: A
Record Date: SEP 15, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.00	Approve financial statements			For	For	Management
2.00	Approve financial statements			For	For	Management
3.00	To elect as a director of BHP Billiton			For	For	Management
	plc Mr Carlos Cordeiro
4.00	To elect as a director of BHP Billiton			For	For	Management
	Limited Mr Carlos Cordeiro
5.00	To elect as a director of BHP Billiton			For	For	Management
	plc Dr Gail de Planque
6.00	To elect as a director of BHP Billiton			For	For	Management
	Limited Dr Gail de Planque
7.00	To re-elect as a director of BHP Billiton			For	For	Management
	plc Mr David A Crawford
8.00	To re-elect as a director of BHP Billiton			For	For	Management
	Limited Mr David A Crawford
9.00	To re-elect as a director of BHP Billiton			For	For	Management
	plc Mr David A Jenkins
10.00	To re-elect as a director of BHP Billiton			For	For	Management
	Limited Mr David A Jenkins
11.00	To re-elect as a director of BHP Billiton			For	For	Management
	plc Mr Miklos Salamon
12.00	To re-elect as a director of BHP			For	For	Management
	Billiton Limited Mr Miklos Salamon
13.00	Appoint auditors and set their fees			For	For	Management
14.00	Issue stock w/ preemptive rights			For	For	Management
15.00	Issue stock w/o preemptive rights			For	For	Management
16.00	Authorize share repurchase			For	For	Management
17.00	Approve remuneration policy			For	For	Management
18.00	Approve director participation in stock			For	For	Management
	plan
19.00	Approve director participation in stock			For	For	Management
	plan
20.00	Amend terms of indemnification			For	For	Management
21.00	Amend terms of indemnification			For	For	Management
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CANADIAN NATURAL RESOURCES LTD.
Ticker:		CNQ.	Security ID: CA1363851017

Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: MAR 15, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Catherine M. Best			For	Against	Management
1.2	Elect Director N. Murray Edwards			For	Against	Management
1.3	Elect Director Hon. Gary A. Filmon			For	Against	Management
1.4	Elect Director Amb. Gordon D. Giffin			For	Against	Management
1.5	Elect Director John G. Langille			For	Against	Management
1.6	Elect Director Keith A.J. MacPhail			For	Against	Management
1.7	Elect Director Allan P. Markin			For	Against	Management
1.8	Elect Director Norman F. McIntyre			For	Against	Management
1.9	Elect Director James S. Palmer			For	Against	Management
1.10	Elect Director Eldon R. Smith			For	Against	Management
1.11	Elect Director David A. Tuer			For	Against	Management
2	Approve PricewaterhouseCoopers LLP as			For	For	Management
	Auditors and Authorize Board to Fix
	Remuneration of Auditors
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CHEVRON CORPORATION
Ticker:		CVX	Security ID:	166764100
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Samuel H. Armacost			For	For	Management
1.2	Elect Director Linnet F. Deily			For	For	Management
1.3	Elect Director Robert E. Denham			For	For	Management
1.4	Elect Director Robert J. Eaton			For	For	Management
1.5	Elect Director Sam Ginn			For	For	Management
1.6	Elect Director Franklyn G. Jenifer			For	For	Management
1.7	Elect Director Sam Nunn			For	Withhold	Management
1.8	Elect Director David J. O'Reilly			For	For	Management
1.9	Elect Director Donald B. Rice			For	For	Management
1.10	Elect Director Peter J. Robertson			For	For	Management
1.11	Elect Director Charles R. Shoemate			For	For	Management
1.12	Elect Director Ronald D. Sugar			For	For	Management
1.13	Elect Director Carl Ware			For	For	Management
2	Ratify Auditors			For	For	Management
3	Company-Specific-Reimbursement of			Against	Against	Shareholder
	Stockholder Proposal
4	Report on Environmental Impact of			Against	Against	Shareholder
	Drilling in Sensitive Areas
5	Report on Political Contributions			Against	Against	Shareholder
6	Adopt an Animal Welfare Policy			Against	Against	Shareholder
7	Adopt a Human Rights Policy			Against	Against	Shareholder
8	Report on Remediation Expenses in Ecuador			Against	Against	Shareholder
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CHINA SHENHUA ENERGY CO LTD

Ticker:			Security ID: Y1504C113
Meeting Date: MAY 12, 2006			Meeting Type: Annual
Record Date: APR 11, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Accept Report of the Board of Directors			For	For	Management
2	Accept Report of the Supervisory			For	For	Management
	Committee
3	Accept Financial Statements and Statutory			For	For	Management
	Reports
4	Approve Allocation of Income and Final			For	For	Management
	Dividend of RMB 0.125 Per Share
5	Approve Remuneration of Directors and			For	For	Management
	Supervisors
6	Approve Status List of the Initial Long			For	Against	Management
	Term Incentives Plan and Share
	Appreciation Rights Scheme
7	Reappoint KPMG Huazhen and KPMG as PRC			For	For	Management
	and International Auditors, Respectively,
	and Authorize Committee Comprising Chen
	Biting, Wu Yuan, and Ling Wen to Fix
	Their Remuneration
8	Approve Revised Annual Caps of Connected			For	Against	Management
	Transactions
1	Amend Articles Re: Reflect Relevant Laws			For	For	Management
	and Reulations of the Company Law and the
	Securities Law of the PRC
2	Amend Rules Governing the Proceedings of			For	Against	Management
	Shareholders Meetings, Directors
	Meetings, and for the Board of
	Supervisors; and Procedures for
	Considering Connected Transactions
3	Approve Issuance of Equity or			For	Against	Management
	Equity-Linked Securities without
	Preemptive Rights
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CHIYODA CORP.
Ticker:		6366	Security ID: J06237101
Meeting Date: JUN 22, 2006			Meeting Type: Annual
Record Date: MAR 31, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Allocation of Income, Including			For	For	Management
	the Following Dividends: Interim JY 0,
	Final JY 10, Special JY 0
2	Amend Articles to: Limit Rights of			For	For	Management
	Odd-Lot Holders - Update Terminology to
	Match that of New Corporate Law
3	Approve Adjustment to Aggregate			For	For	Management
	Compensation Ceiling for Directors
4	Appoint Internal Statutory Auditor			For	For	Management
5	Approve Retirement Bonus for Statutory			For	Against	Management
	Auditor

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CONSOL ENERGY, INC.
Ticker:		CNX	Security ID: 20854P109
Meeting Date: MAY 2, 2006			Meeting Type: Annual
Record Date: MAR 7, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John Whitmire			For	For	Management
1.2	Elect Director Patricia A. Hammick			For	For	Management
1.3	Elect Director J. Brett Harvey			For	For	Management
1.4	Elect Director David C. Hardesty, Jr.			For	For	Management
1.5	Elect Director James E. Altmeyer, Sr.			For	For	Management
1.6	Elect Director John T. Mills			For	For	Management
1.7	Elect Director William E. Davis			For	For	Management
1.8	Elect Director William P. Powell			For	For	Management
1.9	Elect Director Raj K. Gupta			For	For	Management
1.10	Elect Director Joseph T. Williams			For	For	Management
2	Ratify Auditors			For	For	Management
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DEVON ENERGY CORP.
Ticker:		DVN	Security ID: 25179M103
Meeting Date: JUN 7, 2006			Meeting Type: Annual
Record Date: APR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert L. Howard			For	For	Management
1.2	Elect Director Micheal M. Kanovsky			For	For	Management
1.3	Elect Director J. Todd Mitchell			For	For	Management
1.4	Elect Director Larry Nichols			For	For	Management
2	Ratify Auditors			For	For	Management
3	Amend Omnibus Stock Plan			For	For	Management
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E.I. DU PONT DE NEMOURS & CO.
Ticker:		DD	Security ID: 263534109
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Alain J.P. Belda			For	For	Management
1.2	Elect Director Richard H. Brown			For	For	Management
1.3	Elect Director Curtis J. Crawford			For	For	Management
1.4	Elect Director John T. Dillon			For	For	Management
1.5	Elect Director Eleuthere I. du Pont			For	For	Management
1.6	Elect Director Charles O. Holliday, Jr.			For	For	Management
1.7	Elect Director Lois D. Juliber			For	For	Management

1.8	Elect Director Masahisa Naitoh			For	For	Management
1.9	Elect Director Sean O'Keefe			For	For	Management
1.10	Elect Director William K. Reilly			For	For	Management
1.11	Elect Director Charles M. Vest			For	For	Management
2	Ratify Auditors			For	For	Management
3	Review Executive Compensation			Against	Against	Shareholder
4	Report on Genetically Modified Organisms			Against	Against	Shareholder
5	Performance-Based			Against	Against	Shareholder
6	Report on Feasibility of Phasing out PFOA			Against	Against	Shareholder
7	Report on Security of Chemical Facilities			Against	Against	Shareholder
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EOG RESOURCES, INC.
Ticker:		EOG	Security ID: 26875P101
Meeting Date: MAY 2, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director George A. Alcorn			For	For	Management
1.2	Elect Director Charles R. Crisp			For	For	Management
1.3	Elect Director Mark G. Papa			For	For	Management
1.4	Elect Director Edmund P. Segner, III			For	For	Management
1.5	Elect Director William D. Stevens			For	Withhold	Management
1.6	Elect Director H. Leighton Steward			For	For	Management
1.7	Elect Director Donald F. Textor			For	For	Management
1.8	Elect Director Frank G. Wisner			For	For	Management
2	Ratify Auditors			For	For	Management
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EXXON MOBIL CORP.
Ticker:		XOM	Security ID: 30231G102
Meeting Date: MAY 31, 2006			Meeting Type: Annual
Record Date: APR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Michael J. Boskin			For	For	Management
1.2	Elect Director William W. George			For	For	Management
1.3	Elect Director James R. Houghton			For	For	Management
1.4	Elect Director William R. Howell			For	For	Management
1.5	Elect Director Reatha Clark King			For	For	Management
1.6	Elect Director Philip E. Lippincott			For	For	Management
1.7	Elect Director Henry A. McKinnell, Jr.			For	For	Management
1.8	Elect Director Marilyn Carlson Nelson			For	For	Management
1.9	Elect Director Samuel J. Palmisano			For	For	Management
1.10	Elect Director Walter V. Shipley			For	For	Management
1.11	Elect Director J. Stephen Simon			For	For	Management
1.12	Elect Director Rex W. Tillerson			For	For	Management
2	Ratify Auditors			For	For	Management
3	Provide for Cumulative Voting			Against	Against	Shareholder
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors

5	Company-Specific-Nominate Independent			Against	Against	Shareholder
	Director with Industry Experience
6	Require Director Nominee Qualifications			Against	Against	Shareholder
7	Non-Employee Director Compensation			Against	Against	Shareholder
8	Separate Chairman and CEO Positions			Against	Against	Shareholder
9	Review Executive Compensation			Against	Against	Shareholder
10	Link Executive Compensation to Social			Against	Against	Shareholder
	Issues
11	Report on Political Contributions			Against	Against	Shareholder
12	Report on Charitable Contributions			Against	Against	Shareholder
13	Amend Equal Employment Opportunity Policy			Against	Against	Shareholder
	to Prohibit Discrimination Based on
	Sexual Orientation
14	Report on Damage Resulting from Drilling			Against	Against	Shareholder
	for Oil and gas in Protected Areas
15	Report Accountability for Company's			Against	Against	Shareholder
	Environmental Impacts due to Operation
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HALLIBURTON CO.
Ticker:		HAL	Security ID: 406216101
Meeting Date: MAY 17, 2006			Meeting Type: Annual
Record Date: MAR 20, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Alan M. Bennett			For	For	Management
1.2	Elect Director James R. Boyd			For	For	Management
1.3	Elect Director Robert		L. Crandall	For	For	Management
1.4	Elect Director Kenneth T. Derr			For	For	Management
1.5	Elect Director S.Malcolm Gillis			For	For	Management
1.6	Elect Director W.R. Howell			For	For	Management
1.7	Elect Director Ray L. Hunt			For	For	Management
1.8	Elect Director David J. Lesar			For	For	Management
1.9	Elect Director J.Landis Martin			For	For	Management
1.10	Elect Director Jay A. Precourt			For	For	Management
1.11	Elect Director Debra L. Reed			For	For	Management
2	Ratify Auditors			For	For	Management
3	Increase Authorized Common Stock			For	For	Management
4	Amend Terms of Severance Payments to			For	For	Management
	Executives
5	Review Human Rights Standards			Against	Against	Shareholder
6	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
7	Amend Terms of Existing Poison Pill			Against	For	Shareholder
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HESS CORP
Ticker:		HES	Security ID: 023551104
Meeting Date: MAY 3, 2006			Meeting Type: Annual
Record Date: MAR 13, 2006

#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director J.B. Hess			For	For	Management
1.2	Elect Director C.G. Matthews			For	For	Management
1.3	Elect Director R. Lavizzo Mourey			For	For	Management
1.4	Elect Director E.H. von Metzsch			For	For	Management
2	Ratify Auditors			For	For	Management
3	Change Company Name			For	For	Management
4	Increase Authorized Common Stock			For	For	Management
5	Approve Executive Incentive Bonus Plan			For	For	Management
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KERR-MCGEE CORP.
Ticker:		KMG	Security ID: 492386107
Meeting Date: MAY 9, 2006			Meeting Type: Annual
Record Date: MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Sylvia A. Earle			For	For	Management
1.2	Elect Director Martin C. Jischke			For	For	Management
1.3	Elect Director Leroy C. Richie			For	For	Management
2	Ratify Auditors			For	For	Management
3	Establishment of An Office of the Board			Against	Against	Shareholder
	of Directors
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LINDE AG
Ticker:			Security ID: DE0006483001
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: APR 13, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Receive Financial Statements and			None	Did Not	Management
	Statutory Reports				Vote
2	Approve Allocation of Income and			For	Did Not	Management
	Dividends of EUR 1.40 per Share				Vote
3	Approve Discharge of Management Board for			For	Did Not	Management
	Fiscal 2005				Vote
4	Approve Discharge of Supervisory Board			For	Did Not	Management
	for Fiscal 2005				Vote
5	Ratify KPMG Deutsche			For	Did Not	Management
	Treuhand-Gesellschaft AG as Auditors				Vote
6	Authorize Share Repurchase Program and			For	Did Not	Management
	Reissuance of Repurchased Shares				Vote
7	Amend Corporate Purpose			For	Did Not	Management
					Vote
8	Amend Articles Re: Calling of and			For	Did Not	Management
	Registration for Shareholder Meetings due				Vote
	to New German Legislation (Law on Company
	Integrity and Modernization of the Right
	of Avoidance)
9	Amend Articles Re: Conducting of			For	Did Not	Management

	Shareholder Meetings due to New German				Vote
	Legislation (Law on Company Integrity and
	Modernization of the Right of Avoidance)
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LUKOIL OAO
Ticker:		LUKFY	Security ID: 677862104
Meeting Date: JUN 28, 2006			Meeting Type: Annual
Record Date: MAY 11, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	TO APPROVE THE ANNUAL REPORT OF OAO			None	Did Not	Management
	LUKOIL FOR 2005, AND THE DISTRIBUTION OF				Vote
	PROFITS: THE NET PROFIT FOR DISTRIBUTION
	FOR 2005 WAS EQUAL TO 66,326,909,000
	ROUBLES. TO DISTRIBUTE 28,068,587,000
	ROUBLES TO THE PAYMENT OF DIVIDEND FOR
	2005. THE REST OF TH
2	ELECTION OF THE BOARD OF DIRECTORS -			None	Did Not	Management
	(Cumulative Voting Applies to Directors.				Vote
	Please request a form from your ISS
	representative in order to vote for
	directors)
3	Elect Vagit Yusufovich Alekperov as			None	Did Not	Management
	President of OAO Lukoil				Vote
4	TO ELECT THE AUDIT COMMISSION FROM THE			None	Did Not	Management
	LIST OF CANDIDATES APPROVED BY THE BOARD				Vote
	OF DIRECTORS OF OAO		LUKOIL ON 4
	FEBRUARY 2006: KONDRATIEV, PAVEL
	GENNADIEVICH
5	TO ELECT THE AUDIT COMMISSION FROM THE			None	Did Not	Management
	LIST OF CANDIDATES APPROVED BY THE BOARD				Vote
	OF DIRECTORS OF OAO		LUKOIL ON 4
	FEBRUARY 2006: NIKITENKO, VLADIMIR
	NIKOLAEVICH
6	TO ELECT THE AUDIT COMMISSION FROM THE			None	Did Not	Management
	LIST OF CANDIDATES APPROVED BY THE BOARD				Vote
	OF DIRECTORS OF OAO		LUKOIL ON 4
	FEBRUARY 2006: SKLYAROVA, TATYANA
	SERGEEVNA
7	TO RECOGNIZE AS ADVISABLE THE RETENTION			None	Did Not	Management
	OF THE AMOUNTS OF REMUNERATION OF MEMBERS				Vote
	OF THE BOARD OF DIRECTORS AND THE AUDIT
	COMMISSION OF OAO LUKOIL ESTABLISHED BY
	DECISION OF THE ANNUAL GENERAL
	SHAREHOLDERS MEETING OF OAO LUKOIL OF
	24 JUNE 2004
8	TO APPROVE THE COMPANY S INDEPENDENT			None	Did Not	Management
	AUDITOR CLOSED JOINT STOCK COMPANY KPMG.				Vote
9	TO APPROVE AMENDMENTS AND ADDENDA TO THE			None	Did Not	Management
	CHARTER OF OPEN JOINT STOCK COMPANY OIL				Vote
	COMPANY LUKOIL , PURSUANT TO APPENDIX 1.
10	TO APPROVE AN ADDENDUM TO THE REGULATIONS			None	Did Not	Management
	ON THE BOARD OF DIRECTORS OF OAO LUKOIL				Vote

	, PURSUANT TO APPENDIX 2.
11	TO APPROVE AMENDMENTS AND ADDENDA TO THE			None	Did Not	Management
	REGULATIONS ON THE AUDIT COMMISSION OF				Vote
	OAO LUKOIL , PURSUANT TO APPENDIX 3.
12	TO APPROVE OIL SUPPLY CONTRACT BETWEEN			None	Did Not	Management
	OAO LUKOIL AND OOO LUKOIL				Vote
	VOLGOGRADNEFTEPERERABOTKA.
13	TO APPROVE SUPPLY CONTACT BETWEEN OAO			None	Did Not	Management
	LUKOIL AND OOO LUKOIL				Vote
	VOLGOGRADNEFTEPERERABOTKA.
14	TO APPROVE SUPPLEMENTAL AGREEMENT TO			None	Did Not	Management
	SHAREHOLDER LOAN AGREEMENT NO. 0510225 OF				Vote
	29 MARCH 2005 BETWEEN OAO LUKOIL AND OOO
	NARYANMARNEFTEGAZ.
15	TO APPROVE SUPPLEMENTAL AGREEMENT TO			None	Did Not	Management
	SHAREHOLDER LOAN AGREEMENT NO. 0610114 OF				Vote
	3 MARCH 2005 BETWEEN OAO LUKOIL AND OOO
	NARYANMARNEFTEGAZ.
16	TO APPROVE LOAN AGREEMENT BETWEEN OAO			None	Did Not	Management
	LUKOIL AND OOO NARYANMARNEFTEGAZ.				Vote
17	TO APPROVE LOAN AGREEMENT BETWEEN OAO			None	Did Not	Management
	LUKOIL AND OOO NARYANMARNEFTEGAZ.				Vote
18	TO APPROVE POLICY (CONTRACT) ON INSURING			None	Did Not	Management
	THE LIABILITY OF DIRECTORS, OFFICERS AND				Vote
	CORPORATIONS BETWEEN OAO LUKOIL AND OAO
	KAPITAL STRAKHOVANIE.
--------------------------------------------------------------------------------
MARATHON OIL CORP
Ticker:		MRO	Security ID: 565849106
Meeting Date: APR 26, 2006			Meeting Type: Annual
Record Date: FEB 27, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Clarence P. Cazalot			For	For	Management
1.2	Elect Director David A. Daberko			For	For	Management
1.3	Elect Director William L. Davis			For	For	Management
2	Ratify Auditors			For	For	Management
3	Declassify the Board of Directors			For	For	Management
4	Eliminate Class of Preferred Stock			For	For	Management
5	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
6	Adopt Simple Majority Vote Requirement			Against	For	Shareholder
--------------------------------------------------------------------------------
MARTIN MARIETTA MATERIALS, INC.
Ticker:		MLM	Security ID: 573284106
Meeting Date: MAY 23, 2006			Meeting Type: Annual
Record Date: MAR 17, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1.1	Elect Director David G. Maffucci			For	Withhold	Management
1.2	Elect Director William E. McDonald			For	Withhold	Management
1.3	Elect Director Frank H. Menaker, Jr.			For	Withhold	Management
1.4	Elect Director Richard A. Vinroot			For	Withhold	Management
2	Amend Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
NEXEN INC.
Ticker:		NXY.	Security ID: CA65334H1029
Meeting Date: APR 27, 2006			Meeting Type: Annual
Record Date:		MAR 16, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Charles W. Fischer			For	Withhold	Management
1.2	Elect Director Dennis G. Flanagan			For	Withhold	Management
1.3	Elect Director David A. Hentschel			For	Withhold	Management
1.4	Elect Director S. Barry Jackson			For	Withhold	Management
1.5	Elect Director Kevin J. Jenkins			For	Withhold	Management
1.6	Elect Director Thomas C. O'Neill			For	Withhold	Management
1.7	Elect Director Eric P. Newell			For	Withhold	Management
1.8	Elect Director Francis M. Saville			For	Withhold	Management
1.9	Elect Director Richard M. Thomson			For	Withhold	Management
1.10	Elect Director John M. Willson			For	Withhold	Management
1.11	Elect Director Victor J. Zaleschuk			For	Withhold	Management
2	Ratify Deloitte & Touche LLP as Auditors			For	For	Management
	and Authorize Board to Fix Remuneration
	of Auditors
--------------------------------------------------------------------------------
NOBLE CORP
Ticker:		NE	Security ID: G65422100
Meeting Date: APR 27, 2006			Meeting Type: Annual
Record Date:		MAR 2, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director James C. Day		For	Against	Management
1.2	Elect	Director Julie H. Edwards		For	Against	Management
1.3	Elect	Director Marc E. Leland		For	Against	Management
2	Ratify Auditors			For	For	Management
3	MEMBER (SHAREHOLDER) PROPOSAL TO SEPARATE			Against	Against	Shareholder
	THE POSITIONS OF CHAIRMAN/CHIEF EXECUTIVE
	OFFICER.
--------------------------------------------------------------------------------
NUCOR CORP.
Ticker:		NUE	Security ID: 670346105
Meeting Date: MAY 11, 2006			Meeting Type: Annual

Record Date: MAR 13, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Clayton C. Daley, Jr.			For	For	Management
1.2	Elect Director Harvey B. Grant			For	For	Management
2	Ratify Auditors			For	For	Management
3	Increase Authorized Common Stock			For	For	Management
4	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM CORP.
Ticker:		OXY	Security ID: 674599105
Meeting Date: MAY 5, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Spencer Abraham			For	For	Management
1.2	Elect Director Ronald W. Burkle			For	Withhold	Management
1.3	Elect Director John S. Chalsty			For	For	Management
1.4	Elect Director Edward P. Djerejian			For	For	Management
1.5	Elect Director R. Chad Dreier			For	For	Management
1.6	Elect Director John E. Feick			For	For	Management
1.7	Elect Director Ray R. Irani			For	For	Management
1.8	Elect Director Irvin W. Maloney			For	For	Management
1.9	Elect Director Rodolfo Segovia			For	For	Management
1.10	Elect Director Aziz D. Syriani			For	For	Management
1.11	Elect Director Rosemary Tomich			For	For	Management
1.12	Elect Director Walter L. Weisman			For	For	Management
2	Ratify Auditors			For	For	Management
3	Increase Authorized Common Stock			For	For	Management
4	Limit Executive Compensation			Against	Against	Shareholder
5	Report on Global Warming			Against	Against	Shareholder
6	Require a Majority Vote for the Election			Against	Against	Shareholder
	of Directors
--------------------------------------------------------------------------------
OWENS-ILLINOIS, INC.
Ticker:		OI	Security ID: 690768403
Meeting Date: MAY 3, 2006			Meeting Type: Annual
Record Date: MAR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Gary F. Colter			For	For	Management
1.2	Elect Director Corbin A. McNeill, Jr.			For	For	Management
1.3	Elect Director Helge H. Wehmeier			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------

PACTIV CORP.
Ticker:		PTV	Security ID:	695257105
Meeting Date: MAY 19, 2006			Meeting Type: Annual
Record Date: MAR 20, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Larry D. Brady			For	For	Management
1.2	Elect Director K. Dane Brooksher			For	For	Management
1.3	Elect Director Robert J. Darnall			For	For	Management
1.4	Elect Director Mary R. Henderson			For	For	Management
1.5	Elect Director N. Thomas Linebarger			For	For	Management
1.6	Elect Director Roger B. Porter			For	For	Management
1.7	Elect Director Richard L. Wambold			For	For	Management
1.8	Elect Director Norman H. Wesley			For	For	Management
2	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
PHELPS DODGE CORP.
Ticker:		PD	Security ID:	717265102
Meeting Date: MAY 26, 2006			Meeting Type: Annual
Record Date: APR 6, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Charles C. Krulak			For	For	Management
1.2	Elect Director Dustan E. McCoy			For	For	Management
1.3	Elect Director William J. Post			For	For	Management
1.4	Elect Director Martin H. Richenhagen			For	For	Management
1.5	Elect Director Jack E. Thompson			For	For	Management
2	Approve Non-Employee Director Stock			For	For	Management
	Option Plan
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
POSCO (FORMERLY POHANG IRON & STEEL)
Ticker:			Security ID: Y70750115
Meeting Date: FEB 24, 2006			Meeting Type: Annual
Record Date: DEC 31, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Appropriation of Income and Final For				For	Management
	Year-end Dividends of KRW 6000 Per Share
2	Amend Articles of Incorporation to Expand For				For	Management
	Its Business Objectives, to Separate
	Chairman from CEO, and to Abolish Stock
	Option System
3.1	Elect Independent Non-Executive Directors For				For	Management
3.2	Elect Member of Audit Committee			For	For	Management
3.3	Elect Executive Directors			For	For	Management
4	Approve Limit on Remuneration of			For	For	Management
	Directors

5	Approve Waiver of Claim for Overpaid			For	For	Management
	Employment Benefit for Retirees
--------------------------------------------------------------------------------
PPG INDUSTRIES, INC.
Ticker:		PPG	Security ID: 693506107
Meeting Date: APR 20, 2006			Meeting Type: Annual
Record Date: FEB 17, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Charles E. Bunch			For	For	Management
1.2	Elect Director Robert Ripp			For	For	Management
1.3	Elect Director Thomas J.Usher			For	For	Management
1.4	Elect Director David R. Whitwam			For	For	Management
2	Approve Omnibus Stock Plan			For	Against	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
REPSOL YPF SA (FORMERLY REPSOL, S.A.)
Ticker:			Security ID: ES0173516115
Meeting Date: JUN 15, 2006			Meeting Type: Annual
Record Date:
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Individual and Consolidated			For	For	Management
	Financial Statements for Fiscal Year
	Ended 12-31-05, Allocation of Income, and
	Discharge Directors
2	Amend Articles 19 and 20 of Bylaws Re:			For	For	Management
	Convocation of General Meetings and Power
	and Obligation to Convene General
	Meetings
3	Amend Article 5 of General Meeting			For	For	Management
	Guidelines Re: Convocation of General
	Meetings
4.1	Ratify Paulina Beato Blanco as Director			For	Against	Management
4.2	Ratify Henri Philippe Reichstul as			For	Against	Management
	Director
4.3	Elect Other Board Members			For	Against	Management
5	Elect Auditors			For	For	Management
6	Authorize Repurchase of Shares; Void			For	For	Management
	Previous Authorization Granted at AGM
	Held on 5-31-05
7	Grant Authorization to the Board to Issue			For	For	Management
	Convertible Fixed Rate Securities and
	Warrants with Powers of Excluding
	Preemptive Rights; Void Authorization
	Granted at the AGM Held on 4-21-02
8	Present Report Re: Amendments to General			For	For	Management
	Meeting Guidelines
9	Authorize Board to Ratify and Execute			For	For	Management

	Approved Resolutions
--------------------------------------------------------------------------------
RIO TINTO PLC (FORMERLY RTZ CORP. PLC)
Ticker:			Security ID: GB0007188757
Meeting Date: APR 12, 2006			Meeting Type: Annual
Record Date:
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Authorise Issue of Equity or			For	For	Management
	Equity-Linked Securities with Pre-emptive
	Rights up to Aggregate Nominal Amount of
	GBP 34,860,000
2	Authorise Issue of Equity or			For	For	Management
	Equity-Linked Securities without
	Pre-emptive Rights up to Aggregate
	Nominal Amount of GBP 6,750,000
3	Authorise 106,500,000 RTP Ordinary Shares			For	For	Management
	for Market Purchase
4	Adopt New Articles of Association of Rio			For	For	Management
	Tinto Plc and Amendments to Constitution
	of Rio Tinto Limited
5	Elect Tom Albanese as Director			For	For	Management
6	Elect Sir Rod Eddington as Director			For	For	Management
7	Re-elect Sir David Clementi as Director			For	For	Management
8	Re-elect Leigh Clifford as Director			For	For	Management
9	Re-elect Andrew Gould as Director			For	For	Management
10	Re-elect David Mayhew as Director			For	Against	Management
11	Reappoint PricewaterhouseCoopers LLP as			For	For	Management
	Auditors and Authorise the Board to
	Determine Their Remuneration
12	Approve Remuneration Report			For	For	Management
13	Accept Financial Statements and Statutory			For	For	Management
	Reports
--------------------------------------------------------------------------------
ROHM AND HAAS CO.
Ticker:		ROH	Security ID: 775371107
Meeting Date: MAY 1, 2006			Meeting Type: Annual
Record Date: MAR 3, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director W.J. Avery			For	For	Management
1.2	Elect Director R.L. Gupta			For	For	Management
1.3	Elect Director D.W. Haas			For	For	Management
1.4	Elect Director T.W. Haas			For	For	Management
1.5	Elect Director R.L. Keyser			For	For	Management
1.6	Elect Director R.J. Mills			For	For	Management
1.7	Elect Director J.P. Montoya			For	For	Management
1.8	Elect Director S.O. Moose			For	For	Management
1.9	Elect Director G.S. Omenn			For	For	Management

1.10	Elect Director G.L. Rogers				For	For	Management
1.11	Elect Director R.H. Schmitz				For	For	Management
1.12	Elect Director G.M. Whitesides				For	For	Management
1.13	Elect Director M.C. Whittington				For	For	Management
2	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
ROWAN COMPANIES, INC.
Ticker:		RDC	Security ID:	779382100
Meeting Date: APR 28, 2006			Meeting Type: Annual
Record Date:		MAR 1, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John R. Huff				For	Withhold	Management
1.2	Elect Director Federick R. Lausen				For	Withhold	Management
2	Ratify Auditors				For	For	Management
--------------------------------------------------------------------------------
ROYAL DUTCH SHELL PLC
Ticker:		RDS	Security ID:	780259206
Meeting Date: MAY 16, 2006			Meeting Type: Annual
Record Date:		MAR 30, 2006
#	Proposal				Mgt Rec	Vote Cast	Sponsor
1	ADOPTION OF ANNUAL REPORT AND ACCOUNTS				For	For	Management
2	APPROVAL OF REMUNERATION REPORT				For	For	Management
3.1	Elect	Director Jorma Ollila			For	For	Management
3.2	Elect	Director Nick Land			For	For	Management
3.3	Elect	Director Lord Kerr			For	For	Management
3.4	Elect	Director Jeroen Van Der Veer			For	For	Management
3.5	Elect	Director Rob Routs			For	For	Management
3.6	Elect	Director Wim Kok			For	For	Management
4	Ratify Auditors				For	For	Management
5	REMUNERATION OF AUDITORS				For	For	Management
6	AUTHORITY TO ALLOT SHARES				For	For	Management
7	DISAPPLICATION OF PRE-EMPTION RIGHTS				For	For	Management
8	AUTHORITY TO PURCHASE OWN SHARES				For	For	Management
9	AUTHORITY FOR CERTAIN DONATIONS AND				For	For	Management
	EXPENDITURE
10	SHAREHOLDER RESOLUTION				Against	Against	Shareholder
--------------------------------------------------------------------------------
ROYAL DUTCH SHELL PLC
Ticker:			Security ID:	GB00B03MLX29
Meeting Date: MAY 16, 2006			Meeting Type: Annual
Record Date:
#	Proposal				Mgt Rec	Vote Cast	Sponsor

1	Accept Financial Statements and Statutory For			For	Management
	Reports
2	Approve Remuneration Report		For	For	Management
3	Elect Jorma Ollila as Director		For	For	Management
4	Elect Nick Land as Director		For	For	Management
5	Re-elect Lord Kerr of Kinlochard as		For	For	Management
	Director
6	Re-elect Jeroen van der Veer as Director		For	For	Management
7	Re-elect Rob Routs as Director		For	For	Management
8	Re-elect Wim Kok as Director		For	For	Management
9	Reappoint PricewaterhouseCoopers LLP as		For	For	Management
	Auditors of the Company
10	Authorise Board to Fix Remuneration of		For	For	Management
	Auditors
11	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities with Pre-emptive
	Rights up to Aggregate Nominal Amount of
	EUD 155,000,000
12	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities without
	Pre-emptive Rights up to Aggregate
	Nominal Amount of EUD 23,000,000
13	Authorise 667,000,000 Ordinary Shares for		For	For	Management
	Market Purchase
14	Authorise the Company to Make EU		For	For	Management
	Political Organisation Donations up to
	GBP 200,000 and Incur EU Political
	Expenditure up to GBP 200,000
15	Report on Social and Environment Impact		Against	Against	Shareholder
	Assessment
--------------------------------------------------------------------------------
ROYAL DUTCH SHELL PLC
Ticker:		Security ID: GB00B03MM408
Meeting Date: MAY 16, 2006		Meeting Type: Annual
Record Date:
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Accept Financial Statements and Statutory For			For	Management
	Reports
2	Approve Remuneration Report		For	For	Management
3	Elect Jorma Ollila as Director		For	For	Management
4	Elect Nick Land as Director		For	For	Management
5	Re-elect Lord Kerr of Kinlochard as		For	For	Management
	Director
6	Re-elect Jeroen van der Veer as Director		For	For	Management
7	Re-elect Rob Routs as Director		For	For	Management
8	Re-elect Wim Kok as Director		For	For	Management
9	Reappoint PricewaterhouseCoopers LLP as		For	For	Management
	Auditors of the Company
10	Authorise Board to Fix Remuneration of		For	For	Management
	Auditors
11	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities with Pre-emptive

	Rights up to Aggregate Nominal Amount of
	EUD 155,000,000
12	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities without
	Pre-emptive Rights up to Aggregate
	Nominal Amount of EUD 23,000,000
13	Authorise 667,000,000 Ordinary Shares for		For	For	Management
	Market Purchase
14	Authorise the Company to Make EU		For	For	Management
	Political Organisation Donations up to
	GBP 200,000 and Incur EU Political
	Expenditure up to GBP 200,000
15	Report on Social and Environment Impact		Against	Against	Shareholder
	Assessment
--------------------------------------------------------------------------------
SAIPEM
Ticker:		Security ID: IT0000068525
Meeting Date: APR 27, 2006		Meeting Type: Annual
Record Date: APR 24, 2006
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Approve Financial Statements, Statutory		For	Did Not	Management
	Reports, and Allocation of Income			Vote
2	Approve Stock Option Plan		For	Did Not	Management
				Vote
3	Authorize Share Repurchase Program of Up		For	Did Not	Management
	to 2,400,000 Shares			Vote
4	Authorize Share Reissuance of Up to		For	Did Not	Management
	2,400,000 Repurchased Shares to Assign to			Vote
	Stock Option Plan
5	Elect One Director		For	Did Not	Management
				Vote
--------------------------------------------------------------------------------
SBM OFFSHORE NV (FRMELY IHC CALAND NV)
Ticker:		Security ID: NL0000360600
Meeting Date: MAY 19, 2006		Meeting Type: Annual
Record Date: MAY 12, 2006
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Open Meeting		None	Did Not	Management
				Vote
2a	Receive Report of Management Board		None	Did Not	Management
				Vote
2b	Receive Report of Supervisory Board		None	Did Not	Management
				Vote
2c	Approve Financial Statements and		For	Did Not	Management
	Statutory Reports			Vote
3	Approve Allocation of Income and		For	Did Not	Management
	Dividends of USD 3.30 per Share			Vote

4a	Approve Discharge of Management Board			For	Did Not	Management
					Vote
4b	Approve Discharge of Supervisory Board			For	Did Not	Management
					Vote
5	Discussion on Company's Corporate			None	Did Not	Management
	Governance Structure				Vote
6a	Reelect R.H. Matzke to Supervisory Board			For	Did Not	Management
					Vote
6b	Receive Notification of Retirement of			None	Did Not	Management
	Vice-Chairman (A.G. Jacobs) from				Vote
	Supervisory Board
7	Approve Remuneration of Supervisory Board			For	Did Not	Management
					Vote
8	Amend Articles Re: 4:1 Stock Split			For	Did Not	Management
					Vote
9	Authorize Repurchase of Up to Ten Percent			For	Did Not	Management
	of Issued Share Capital				Vote
10a	Grant Board Authority to Issue Ordinary			For	Did Not	Management
	Shares Up To 10 Percent of Outstanding				Vote
	Ordinary Share Capital
10b	Authorize Board to Exclude Preemptive			For	Did Not	Management
	Rights from Issuance Under Item 10a				Vote
11	Other Business (Non-Voting)			None	Did Not	Management
					Vote
12	Close Meeting			None	Did Not	Management
					Vote
--------------------------------------------------------------------------------
SEALED AIR CORP.
Ticker:		SEE	Security ID: 81211K100
Meeting Date: MAY 12, 2006			Meeting Type: Annual
Record Date: MAR 14, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Elect Director Hank Brown			For	For	Management
2	Elect Director Michael Chu			For	For	Management
3	Elect Director Lawrence R. Codey			For	For	Management
4	Elect Director T. J. Dermot Dunphy			For	For	Management
5	Elect Director Charles F. Farrell, Jr.			For	For	Management
6	Elect Director William V. Hickey			For	For	Management
7	Elect Director Jacqueline B. Kosecoff			For	For	Management
8	Elect Director Kenneth P. Manning��			For	Abstain	Management
9	Elect Director William J. Marino			For	For	Management
10	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
SMURFIT - STONE CONTAINER CORP.
Ticker:		SSCC	Security ID: 832727101
Meeting Date: MAY 10, 2006			Meeting Type: Annual
Record Date: MAR 13, 2006

#	Proposal		Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James R. Boris		For	For	Management
1.2	Elect Director Connie K. Duckworth		For	For	Management
1.3	Elect Director Alan E. Goldberg		For	For	Management
1.4	Elect Director William T. Lynch, Jr.		For	For	Management
1.5	Elect Director Patrick J. Moore		For	For	Management
1.6	Elect Director James J. O'Connor		For	For	Management
1.7	Elect Director Jerry K. Pearlman		For	For	Management
1.8	Elect Director Thomas A. Reynolds, III		For	Withhold	Management
1.9	Elect Director Eugene C. Sit		For	For	Management
1.10	Elect Director William D. Smithburg		For	For	Management
2	Ratify Auditors		For	For	Management
--------------------------------------------------------------------------------
SOLVAY S.A.
Ticker:		Security ID: BE0003470755
Meeting Date: MAY 9, 2006		Meeting Type: Special
Record Date:
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Receival of Special Report of the Board		None	Did Not	Management
	of Directors			Vote
2.1	Approval of Share Repurchase for Employee For			Did Not	Management
	Stock Option Plan			Vote
2.2	Amend Articles regarding Secret Ballot		For	Did Not	Management
				Vote
--------------------------------------------------------------------------------
STATOIL ASA
Ticker:		Security ID: R8412T102
Meeting Date: MAY 10, 2006		Meeting Type: Annual
Record Date:
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Open Meeting		None	Did Not	Management
				Vote
2	Registration of Attending Shareholders		For	Did Not	Management
	and Proxies			Vote
3	Elect Chairman of Meeting		For	Did Not	Management
				Vote
4	Designate Representative to Co-Sign		For	Did Not	Management
	Minutes of Meeting Together With Chairman			Vote
	of Meeting
5	Approve Notice of Meeting and Agenda		For	Did Not	Management
				Vote
6	Approve Financial Statements and		For	Did Not	Management
	Statutory Reports; Approve Allocation of			Vote
	Income and Dividends of NOK 8.20 per
	Share
7	Approve Remuneration of Auditors		For	Did Not	Management
				Vote

8	Elect Members (8) and Deputy Members (3)			For	Did Not	Management
	of Corporate Assembly				Vote
9	Approve Remuneration of Members of			For	Did Not	Management
	Corporate Assembly				Vote
10	Amend Articles Re: Update Instructions			For	Did Not	Management
	and Define Election Procedures for				Vote
	Nominating Committee to Reflect Norwegian
	Corporate Governance Code
11	Elect Members of Nominating Committee			For	Did Not	Management
					Vote
12	Approve Remuneration of Members of			For	Did Not	Management
	Nominating Committee				Vote
13	Approve NOK 58.6 Million Reduction in			For	Did Not	Management
	Share Capital via Share Cancellation				Vote
14	Authorize Share Repurchase Program and			For	Did Not	Management
	Cancellation of Repurchased Shares				Vote
15	Authorize Repurchase of Issued Shares up			For	Did Not	Management
	to NOK 10 Million Nominal Value for				Vote
	Employee Share Investment Plan
--------------------------------------------------------------------------------
SUNOCO, INC.
Ticker:		SUN	Security ID: 86764P109
Meeting Date: MAY 4, 2006			Meeting Type: Annual
Record Date: FEB 9, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director R. J. Darnall			For	For	Management
1.2	Elect Director J. G. Drosdick			For	For	Management
1.3	Elect Director U. O. Fairbairn			For	For	Management
1.4	Elect Director T. P. Gerrity			For	Withhold	Management
1.5	Elect Director R. B. Greco			For	For	Management
1.6	Elect Director J. G. Kaiser			For	For	Management
1.7	Elect Director R. A. Pew			For	For	Management
1.8	Elect Director G. J. Ratcliffe			For	For	Management
1.9	Elect Director J. W. Rowe			For	For	Management
1.10	Elect Director J. K. Wulff			For	For	Management
2	Approve Executive Incentive Bonus Plan			For	For	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
TONENGENERAL SEKIYU K.K.
Ticker:		5012	Security ID: J8657U110
Meeting Date: MAR 28, 2006			Meeting Type: Annual
Record Date: DEC 31, 2005
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	Approve Allocation of Income, Including			For	For	Management
	the Following Dividends: Interim JY 18,
	Final JY 18.5, Special JY 0
2	Amend Articles to: Decrease Authorized			For	For	Management

	Capital to Reflect Past Share Repurchase
	- Authorize Public Announcements in
	Electronic Format - Delete Requirement to
	Reduce Authorized Capital in Proportion
	to Share Cancellation
3.1	Elect Director			For	For	Management
3.2	Elect Director			For	For	Management
4	Appoint Alternate Internal Statutory			For	Against	Management
	Auditor
5	Approve Retirement Bonus for Director			For	For	Management
--------------------------------------------------------------------------------
TOTAL SA (FORMERLY TOTAL FINA ELF S.A )
Ticker:		TOT	Security ID: 89151E109
Meeting Date: MAY 12, 2006			Meeting Type: Annual
Record Date:		APR 12, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1	APPROVAL OF PARENT COMPANY FINANCIAL			For	Did Not	Management
	STATEMENTS				Vote
2	APPROVAL OF CONSOLIDATED FINANCIAL			For	Did Not	Management
	STATEMENTS				Vote
3	ALLOCATION OF EARNINGS, DECLARATION OF			For	Did Not	Management
	DIVIDEND				Vote
4	AUTHORIZATION TO BE GIVEN TO THE BOARD OF			For	Did Not	Management
	DIRECTORS TO TRANSFER THE SPECIAL				Vote
	LONG-TERM CAPITAL GAINS RESERVED TO THE
	ACCOUNT
5	AGREEMENTS COVERED BY ARTICLE L.225-38 OF			For	Did Not	Management
	THE FRENCH COMMERCIAL CODE				Vote
6	AUTHORIZATION FOR THE BOARD OF DIRECTORS			For	Did Not	Management
	TO TRADE SHARES OF THE COMPANY				Vote
7.1	Elect	Director Anne Lauvergeon		For	Did Not	Management
					Vote
7.2	Elect	Director Daniel Bouton		For	Did Not	Management
					Vote
7.3	Elect	Director Bertrand Collomb		For	Did Not	Management
					Vote
7.4	Elect	Director A Jeancourt-Galignani		For	Did Not	Management
					Vote
7.5	Elect	Director Michel Pebereau		For	Did Not	Management
					Vote
7.6	Elect	Director Pierre Vaillaud		For	Did Not	Management
					Vote
7.7	Elect	Director Christophe De Margerie		For	Did Not	Management
					Vote
8	APPROVAL OF THE ASSET CONTRIBUTION BY THE			For	Did Not	Management
	COMPANY TO ARKEMA, GOVERNED BY THE LEGAL				Vote
	REGIME APPLICABLE TO DEMERGERS
9	FOUR-FOR-ONE STOCK SPLIT			For	Did Not	Management
					Vote
10	AMENDMENT OF ARTICLE 11 -3 OF THE COMPANY			For	Did Not	Management
	S ARTICLES OF ASSOCIATION FIXING THE				Vote
	NUMBER OF SHARES OF THE COMPANY

11	RESOLUTION A (NOT APPROVED BY THE BOARD					Against	Did Not	Shareholder
	OF DIRECTORS)						Vote
12	RESOLUTION B (NOT APPROVED BY THE BOARD					Against	Did Not	Shareholder
	OF DIRECTORS)						Vote
--------------------------------------------------------------------------------
UNITED STATES STEEL CORP.
Ticker:		X		Security ID:	912909108
Meeting Date: APR			25, 2006	Meeting Type: Annual
Record Date: FEB			24, 2006
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director J. Gary Cooper					For	For	Management
1.2	Elect Director Frank J. Lucchino					For	For	Management
1.3	Elect Director Seth E. Schofield					For	For	Management
1.4	Elect Director John P. Suma					For	For	Management
2	Ratify Auditors					For	For	Management
--------------------------------------------------------------------------------
VALERO ENERGY CORP
Ticker:		VLO		Security ID:	91913Y100
Meeting Date: DEC			1, 2005	Meeting Type: S
Record Date: NOV			2, 2005
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.00	Increase authorized common stock					For	For	Management
--------------------------------------------------------------------------------
VALERO ENERGY CORP.
Ticker:		VLO		Security ID:	91913Y100
Meeting Date: APR			27, 2006	Meeting Type: Annual
Record Date: MAR			1, 2006
#	Proposal					Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jerry D. Choate					For	For	Management
1.2	Elect Director William R. Klesse					For	For	Management
1.3	Elect Director Donald L. Nickles					For	For	Management
1.4	Elect Director Susan Kaufman Purcell					For	For	Management
2	Ratify Auditors					For	For	Management
--------------------------------------------------------------------------------
VULCAN MATERIALS CO.
Ticker:		VMC		Security ID:	929160109
Meeting Date: MAY			12, 2006	Meeting Type: Annual
Record Date: MAR			21, 2006

#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Orin R. Smith			For	Withhold	Management
1.2	Elect Director Philip W. Farmer			For	Withhold	Management
1.3	Elect Director H. Allen Franklin			For	Withhold	Management
1.4	Elect Director James V. Napier			For	Withhold	Management
2	Approve Omnibus Stock Plan			For	For	Management
3	Ratify Auditors			For	For	Management
--------------------------------------------------------------------------------
WEATHERFORD INTERNATIONAL LTD
Ticker:		WFT	Security ID: G95089101
Meeting Date: MAY 9, 2006			Meeting Type: Annual
Record Date:		MAR 10, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect	Director Nicholas F. Brady		For	Did Not	Management
					Vote
1.2	Elect	Director William E. Macaulay		For	Did Not	Management
					Vote
1.3	Elect	Director David J. Butters		For	Did Not	Management
					Vote
1.4	Elect	Director Robert B. Millard		For	Did Not	Management
					Vote
1.5	Elect	Director Bernard J. Duroc-Danner		For	Did Not	Management
					Vote
1.6	Elect	Director Robert K. Moses, Jr.		For	Did Not	Management
					Vote
1.7	Elect	Director Sheldon B. Lubar		For	Did Not	Management
					Vote
1.8	Elect	Director Robert A. Rayne		For	Did Not	Management
					Vote
2	Ratify Auditors			For	Did Not	Management
					Vote
3	APPROVAL OF THE WEATHERFORD INTERNATIONAL			For	Did Not	Management
	LTD. 2006 OMNIBUS INCENTIVE PLAN.				Vote
4	APPROVAL OF AN INCREASE IN THE COMPANY S			For	Did Not	Management
	AUTHORIZED SHARE CAPITAL FROM				Vote
	$510,000,000, CONSISTING OF 500,000,000
	COMMON SHARES AND 10,000,000 PREFERENCE
	SHARES, TO $1,010,000,000, BY THE
	CREATION OF 500,000,000 ADDITIONAL COMMON
	SHARES.
--------------------------------------------------------------------------------
XSTRATA PLC
Ticker:			Security ID: GB0031411001
Meeting Date: APR 20, 2006			Meeting Type: Special
Record Date:
#	Proposal			Mgt Rec	Vote Cast	Sponsor

1	Approve Acquisition of One Third of		For	For	Management
	Cerrejon Subject to the Conditions of the
	Acquisition Agreement
--------------------------------------------------------------------------------
XSTRATA PLC
Ticker:		Security ID: GB0031411001
Meeting Date: JUN 30, 2006		Meeting Type: Special
Record Date:
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Approve Acquisition by Xstrata Canada		For	For	Management
	Inc. of any and all of the Issued, to be
	Issued and Outstanding Falconbridge
	Shares
2	Approve Increase in Authorised Capital		For	For	Management
	from USD 437,500,000.50 to USD
	7,554,974,199
3	Authorise Issue of Equity or		For	Against	Management
	Equity-Linked Securities with Pre-emptive
	Rights up to Aggregate Nominal Amount of
	USD 7,000,000,000 (Equity Bridge
	Facility); Otherwise up to USD
	117,474,198.50
4	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities without
	Pre-emptive Rights up to Aggregate
	Nominal Amount of USD 17,621,129
--------------------------------------------------------------------------------
XSTRATA PLC
Ticker:		Security ID: GB0031411001
Meeting Date: MAY 9, 2006		Meeting Type: Annual
Record Date:
#	Proposal		Mgt Rec	Vote Cast	Sponsor
1	Accept Financial Statements and Statutory		For	For	Management
	Reports
2	Approve Final Dividend of 25 US Cents Per		For	For	Management
	Ordinary Share
3	Approve Remuneration Report		For	For	Management
4	Re-elect Ivan Glasenberg as Director		For	Against	Management
5	Re-elect Robert MacDonnell as Director		For	Against	Management
6	Re-elect Frederik Roux as Director		For	Against	Management
7	Re-elect Santiago Zaldumbide as Director		For	Against	Management
8	Reappoint Ernst & Young LLP as Auditors		For	For	Management
	and Authorise the Board to Determine
	Their Remuneration
9	Authorise Issue of Equity or		For	For	Management
	Equity-Linked Securities with Pre-emptive
	Rights up to Aggregate Nominal Amount of

	USD 108,477,815
10	Authorise Issue of Equity or			For	For	Management
	Equity-Linked Securities without
	Pre-emptive Rights up to Aggregate
	Nominal Amount of USD 16,271,672
--------------------------------------------------------------------------------
XTO ENERGY INC
Ticker:		XTO	Security ID: 98385X106
Meeting Date: MAY 16, 2006			Meeting Type: Annual
Record Date: MAR 31, 2006
#	Proposal			Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Phillip R. Kevil			For	For	Management
1.2	Elect Director Herbert D. Simons			For	For	Management
1.3	Elect Director Vaughn O. Vennerberg, II			For	For	Management
1.4	Elect Director Lane G. Collins			For	For	Management
2	Increase Authorized Common Stock			For	For	Management
3	Amend Omnibus Stock Plan			For	Against	Management
4	Ratify Auditors			For	For	Management

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to have been voted against management's recommendation if management's recommendation is 'For' or 'Against,' and for management's recommendation if management's recommendation is 'Abstain.' Where management has recommended that shareholders 'Abstain' from voting on a ballot item, a ballot marked 'For' or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, 'None' is used to indicate that there is no management recommendation that a shareholder may vote 'For' or '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.

PUTNAM GLOBAL NATURAL RESOURCES FUND
__________________________________________________________________________
(Registrant)

By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
and Principal Executive Officer
_______________________________________________________________________

(Signature & Title)

Date: August 11, 2006