FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-02614
EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Exchange Fund
Fund Name: Fidelity Exchange Fund
82 DEVONSHIRE STREET, BOSTON, MA 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
ERIC D. ROITER, SECRETARY, 82 DEVONSHIRE STREET, BOSTON, MA 02109
(NAME AND ADDRESS OF AGENT FOR SERVICE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 617-563-7000
DATE OF FISCAL YEAR END: DECEMBER 31
DATE OF REPORTING PERIOD: 06/30/2005
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, THERE UNTO DULY AUTHORIZED.
Fidelity Exchange Fund
BY: /s/ CHRISTINE REYNOLDS
-----------------------------------------------------
CHRISTINE REYNOLDS, TREASURER, FIDELITY MANAGEMENT & RESEARCH COMPANY
DATE: 08/10/2005 05:30:27 PM
EXHIBIT A
VOTE SUMMARY REPORT
Fidelity Exchange Fund
07/01/2004 - 06/30/2005
Note: The Security ID will be the CUSIP (Committee on Uniform Securities Identification Procedures) when available. When CUSIP is not available, an alternate identifier, e.g., CINS, will be provided.
| ISSUER NAME: 3M COMPANY MEETING DATE: 05/10/2005 | ||||
| TICKER: MMM SECURITY ID: 88579Y101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT VANCE D. COFFMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ROZANNE L. RIDGWAY AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LOUIS W. SULLIVAN AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS AS 3M S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVAL OF THE 2005 MANAGEMENT STOCK OWNERSHIP PROGRAM | Management | For | For |
| 4 | STOCKHOLDER PROPOSAL RELATING TO ANIMAL TESTING | Shareholder | Against | Against |
| 5 | STOCKHOLDER PROPOSAL RELATING TO OPERATIONS IN CHINA | Shareholder | Against | Against |
| ISSUER NAME: AGILENT TECHNOLOGIES, INC. MEETING DATE: 03/01/2005 | ||||
| TICKER: A SECURITY ID: 00846U101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT HEIDI KUNZ AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DAVID M. LAWRENCE, M.D. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT A. BARRY RAND AS A DIRECTOR | Management | For | For |
| 2 | THE RATIFICATION OF THE AUDIT AND FINANCE COMMITTEE S APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AGILENT S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | For | For |
| 3 | THE APPROVAL OF THE AMENDED AND RESTATED AGILENT TECHNOLOGIES, INC. PERFORMANCE-BASED COMPENSATION PLAN FOR COVERED EMPLOYEES. | Management | For | For |
| ISSUER NAME: AIR PRODUCTS AND CHEMICALS, INC. MEETING DATE: 01/27/2005 | ||||
| TICKER: APD SECURITY ID: 009158106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL J. DONAHUE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT URSULA F. FAIRBAIRN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JOHN P. JONES III AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT LAWRENCE S. SMITH AS A DIRECTOR | Management | For | For |
| 2 | APPOINTMENT OF AUDITORS. RATIFICATION OF APPOINTMENT OF KPMG LLP, AS INDEPENDENT AUDITORS FOR FISCAL YEAR 2005. | Management | For | For |
| ISSUER NAME: ALLTEL CORPORATION MEETING DATE: 04/21/2005 | ||||
| TICKER: AT SECURITY ID: 020039103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN R. BELK AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT GREGORY W. PENSKE AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT WARREN A. STEPHENS AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS | Management | For | For |
| ISSUER NAME: ALTRIA GROUP, INC. MEETING DATE: 04/28/2005 | ||||
| TICKER: MO SECURITY ID: 02209S103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ELIZABETH E. BAILEY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT HAROLD BROWN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MATHIS CABIALLAVETTA AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT LOUIS C. CAMILLERI AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT J. DUDLEY FISHBURN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT ROBERT E. R. HUNTLEY AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT THOMAS W. JONES AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT GEORGE MUNOZ AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT LUCIO A. NOTO AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT JOHN S. REED AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT CARLOS SLIM HELU AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT STEPHEN M. WOLF AS A DIRECTOR | Management | For | For |
| 2 | 2005 PERFORMANCE INCENTIVE PLAN | Management | For | Against |
| 3 | 2005 STOCK COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS | Management | For | Against |
| 4 | RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS | Management | For | For |
| 5 | STOCKHOLDER PROPOSAL NO. 1 REQUESTING ELIMINATION OF ANIMAL TESTING FOR TOBACCO PRODUCTS | Shareholder | Against | Against |
| 6 | STOCKHOLDER PROPOSAL NO. 2 REQUESTING WAYS TO MORE ADEQUATELY WARN PREGNANT WOMEN | Shareholder | Against | Against |
| 7 | STOCKHOLDER PROPOSAL NO. 3 SEEKING TO CEASE PROMOTING LIGHT AND ULTRA LIGHT BRANDS | Shareholder | Against | Against |
| 8 | STOCKHOLDER PROPOSAL NO. 4 SEEKING TO EXTEND NEW YORK FIRE-SAFE PRODUCTS NATIONALLY | Shareholder | Against | Against |
| ISSUER NAME: AMERICAN EXPRESS COMPANY MEETING DATE: 04/27/2005 | ||||
| TICKER: AXP SECURITY ID: 025816109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT D.F. AKERSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT C. BARSHEFSKY AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT W.G. BOWEN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT U.M. BURNS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT K.I. CHENAULT AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT P.R. DOLAN AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT V.E. JORDAN, JR. AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT J. LESCHLY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT R.A. MCGINN AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT E.D. MILLER AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT F.P. POPOFF AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT R.D. WALTER AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS. | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL RELATING TO STOCK OPTIONS. | Shareholder | Against | Against |
| 4 | SHAREHOLDER PROPOSAL REQUESTING A SEPARATE ANNUAL REPORT DESCRIBING THE COMPANY S POLITICAL CONTRIBUTIONS. | Shareholder | Against | Against |
| ISSUER NAME: ANHEUSER-BUSCH COMPANIES, INC. MEETING DATE: 04/27/2005 | ||||
| TICKER: BUD SECURITY ID: 035229103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN E. JACOB AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT CHARLES F. KNIGHT AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JOYCE M. ROCHE AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT HENRY HUGH SHELTON AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT PATRICK T. STOKES AS A DIRECTOR | Management | For | For |
| 2 | APPROVE THE OFFICER BONUS PLAN, AS AMENDED | Management | For | For |
| 3 | APPROVE THE 1998 INCENTIVE STOCK PLAN, AS AMENDED | Management | For | Against |
| 4 | APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| ISSUER NAME: BECTON, DICKINSON AND COMPANY MEETING DATE: 02/01/2005 | ||||
| TICKER: BDX SECURITY ID: 075887109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT BASIL L. ANDERSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT GARY A. MECKLENBURG AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES E. PERRELLA AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ALFRED SOMMER AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT AUDITORS. | Management | For | For |
| 3 | APPROVAL OF THE PERFORMANCE INCENTIVE PLAN. | Management | For | For |
| 4 | CUMULATIVE VOTING. | Shareholder | Against | Abstain |
| ISSUER NAME: BERKSHIRE HATHAWAY INC. MEETING DATE: 04/30/2005 | ||||
| TICKER: BRKB SECURITY ID: 084670207 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT WARREN E. BUFFETT AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT CHARLES T. MUNGER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT HOWARD G. BUFFETT AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT MALCOLM G. CHACE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT WILLIAM H. GATES III AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT DAVID S. GOTTESMAN AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT CHARLOTTE GUYMAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT DONALD R. KEOUGH AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT THOMAS S. MURPHY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT RONALD L. OLSON AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT WALTER SCOTT, JR. AS A DIRECTOR | Management | For | For |
| 2 | PROPOSED AMENDMENT OF THE CORPORATION S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD ADD TO THE VOTING RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN CERTAIN SITUATIONS. | Management | For | For |
| 3 | PROPOSED AMENDMENT OF THE CORPORATION S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD CLARIFY THE RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN A STOCK SPLIT OR STOCK DIVIDEND. | Management | For | For |
| ISSUER NAME: BRISTOL-MYERS SQUIBB COMPANY MEETING DATE: 05/03/2005 | ||||
| TICKER: BMY SECURITY ID: 110122108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT V.D. COFFMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT J.M. CORNELIUS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT P.R. DOLAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT E.V. FUTTER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT L.V. GERSTNER, JR. AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT L. JOHANSSON AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT L.W. SULLIVAN, M.D. AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVAL OF RESTATED CERTIFICATE OF INCORPORATION | Management | For | For |
| 4 | POLITICAL CONTRIBUTIONS | Shareholder | Against | Against |
| 5 | HIV/AIDS-TB-MALARIA | Shareholder | Against | Against |
| 6 | ANIMAL TESTING | Shareholder | Against | Against |
| 7 | SEPARATION OF CHAIRMAN AND CEO POSITIONS | Shareholder | Against | Against |
| 8 | RESTATEMENT SITUATIONS | Shareholder | Against | Against |
| 9 | RESTRICTED STOCK | Shareholder | Against | Against |
| 10 | DIRECTOR VOTE THRESHOLD | Shareholder | Against | Against |
| ISSUER NAME: CABOT CORPORATION MEETING DATE: 03/10/2005 | ||||
| TICKER: CBT SECURITY ID: 127055101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DIRK L. BLEVI* AS A DIRECTOR1 | Management | For | For |
| 1.2 | ELECT ARTHUR L. GOLDSTEIN** AS A DIRECTOR1 | Management | For | For |
| 1.3 | ELECT JUAN ENRIQUEZ-CABOT** AS A DIRECTOR1 | Management | For | For |
| 1.4 | ELECT GAUTAM S. KAJI** AS A DIRECTOR1 | Management | For | For |
| 1.5 | ELECT HENRY F. MCCANCE** AS A DIRECTOR1 | Management | For | For |
| 1.6 | ELECT JOHN H. MCARTHUR** AS A DIRECTOR1 | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS CABOT S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2005. | Management | For | For |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: CABOT MICROELECTRONICS CORPORATION MEETING DATE: 03/08/2005 | ||||
| TICKER: CCMP SECURITY ID: 12709P103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STEVEN V. WILKINSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ROBERT J. BIRGENEAU AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR FISCAL YEAR 2005. | Management | For | For |
| ISSUER NAME: CHEVRONTEXACO CORPORATION MEETING DATE: 04/27/2005 | ||||
| TICKER: CVX SECURITY ID: 166764100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT S.H. ARMACOST AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT R.E. DENHAM AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT R.J. EATON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT S. GINN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT C.A. HILLS AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT F.G. JENIFER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT S. NUNN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT D.J. O'REILLY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT P.J. ROBERTSON AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT C.R. SHOEMATE AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT R.D. SUGAR AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT C. WARE AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | DIRECTORS COMPENSATION | Shareholder | Against | Against |
| 4 | EXECUTIVE SEVERANCE AGREEMENTS | Shareholder | Against | Against |
| 5 | STOCK OPTION EXPENSING | Shareholder | Against | Against |
| 6 | ANIMAL TESTING | Shareholder | Against | Against |
| 7 | OIL & GAS DRILLING IN PROTECTED/SENSITIVE AREAS1 | Shareholder | Against | Against |
| 8 | REPORT ON ECUADOR | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: CITIGROUP INC. MEETING DATE: 04/19/2005 | ||||
| TICKER: C SECURITY ID: 172967101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT C. MICHAEL ARMSTRONG AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ALAIN J.P. BELDA AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT GEORGE DAVID AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT KENNETH T. DERR AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JOHN M. DEUTCH AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT R. HERNANDEZ RAMIREZ AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ANN DIBBLE JORDAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT KLAUS KLEINFELD AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT DUDLEY C. MECUM AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT ANNE MULCAHY AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT RICHARD D. PARSONS AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT CHARLES PRINCE AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT JUDITH RODIN AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT ROBERT E. RUBIN AS A DIRECTOR | Management | For | For |
| 1.15 | ELECT FRANKLIN A. THOMAS AS A DIRECTOR | Management | For | For |
| 1.16 | ELECT SANFORD I. WEILL AS A DIRECTOR | Management | For | For |
| 1.17 | ELECT ROBERT B. WILLUMSTAD AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUP S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | Management | For | For |
| 3 | PROPOSAL TO APPROVE THE AMENDED AND RESTATED CITIGROUP 1999 STOCK INCENTIVE PLAN. | Management | For | For |
| 4 | STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS. | Shareholder | Against | Against |
| 5 | STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS. | Shareholder | Against | Against |
| 6 | STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES. | Shareholder | Against | Against |
| 7 | STOCKHOLDER PROPOSAL REQUESTING THAT CEO COMPENSATION BE LIMITED TO NO MORE THAN 100 TIMES THE AVERAGE COMPENSATION PAID TO THE COMPANY S NON-MANAGERIAL WORKERS UNLESS PRIOR STOCKHOLDER APPROVAL IS GRANTED. | Shareholder | Against | Against |
| 8 | STOCKHOLDER PROPOSAL REQUESTING ELECTION OF DIRECTOR NOMINEES BY A MAJORITY OF VOTES CAST. | Shareholder | Against | Against |
| 9 | STOCKHOLDER PROPOSAL REQUESTING A BY-LAW AMENDMENT PROHIBITING THE PAYMENT OF NON-DEDUCTIBLE COMPENSATION TO ANY OFFICER UNLESS PRIOR STOCKHOLDER APPROVAL IS GRANTED. | Shareholder | Against | Against |
| 10 | STOCKHOLDER PROPOSAL REQUESTING THAT A SIMPLE MAJORITY VOTE APPLY ON EACH ISSUE THAT CAN BE SUBJECT TO A SHAREHOLDER VOTE. | Shareholder | Against | For |
| ISSUER NAME: COACH, INC. MEETING DATE: 11/03/2004 | ||||
| TICKER: COH SECURITY ID: 189754104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOSEPH ELLIS AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT LEW FRANKFORT AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT SALLY FRAME KASAKS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT GARY LOVEMAN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT IRENE MILLER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT KEITH MONDA AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT MICHAEL MURPHY AS A DIRECTOR | Management | For | For |
| 2 | ADOPTION OF THE COACH, INC. 2004 STOCK INCENTIVE PLAN | Management | For | For |
| ISSUER NAME: COLGATE-PALMOLIVE COMPANY MEETING DATE: 05/04/2005 | ||||
| TICKER: CL SECURITY ID: 194162103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT J.K. CONWAY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT R.E. FERGUSON AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT E.M. HANCOCK AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT D.W. JOHNSON AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT R.J. KOGAN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT D.E. LEWIS AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT R. MARK AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT E.A. MONRAD AS A DIRECTOR | Management | For | For |
| 2 | RATIFY SELECTION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVAL OF THE COMPANY S 2005 EMPLOYEE STOCK OPTION PLAN | Management | For | For |
| 4 | APPROVAL OF THE COMPANY S 2005 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN | Management | For | For |
| 5 | STOCKHOLDER PROPOSAL ON EXECUTIVE COMPENSATION | Shareholder | Against | Against |
| ISSUER NAME: DANA CORPORATION MEETING DATE: 04/18/2005 | ||||
| TICKER: DCN SECURITY ID: 235811106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT A.C. BAILLIE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT D.E. BERGES AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT M.J. BURNS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT E.M. CARPENTER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT R.M. GABRYS AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT S.G. GIBARA AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT C.W. GRISE AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT J.P. KELLY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT M.R. MARKS AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT R.B. PRIORY AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY PRICEWATERHOUSECOOPERS AS THE COMPANY S INDEPENDENT AUDITORS | Management | For | For |
| ISSUER NAME: ELI LILLY AND COMPANY MEETING DATE: 04/18/2005 | ||||
| TICKER: LLY SECURITY ID: 532457108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT G.M.C. FISHER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT A.G. GILMAN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT K.N. HORN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT J. ROSE AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF ERNST & YOUNG LLP AS PRINCIPAL INDEPENDENT AUDITORS FOR 2005.1 | Management | For | For |
| 3 | PROPOSAL BY SHAREHOLDERS ON SEPARATING THE ROLES OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER. | Shareholder | Against | Against |
| 4 | PROPOSAL BY SHAREHOLDERS ON IMPORTATION OF PRESCRIPTION DRUGS. | Shareholder | Against | Against |
| 5 | PROPOSAL BY SHAREHOLDERS ON A REPORT ON THE IMPACT OF LIMITING PRODUCT SUPPLY TO CANADA. | Shareholder | Against | Against |
| 6 | PROPOSAL BY SHAREHOLDERS ON PERIODIC REPORTS ON THE COMPANY S POLITICAL CONTRIBUTIONS. | Shareholder | Against | Against |
| 7 | PROPOSAL BY SHAREHOLDERS ON PERFORMANCE-BASED STOCK OPTIONS. | Shareholder | Against | Against |
| 8 | PROPOSAL BY SHAREHOLDERS ON ANIMAL TESTING. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: EXXON MOBIL CORPORATION MEETING DATE: 05/25/2005 | ||||
| TICKER: XOM SECURITY ID: 30231G102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT M.J. BOSKIN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT W.W. GEORGE AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J.R. HOUGHTON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT W.R. HOWELL AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT R.C. KING AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT P.E. LIPPINCOTT AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT H.A. MCKINNELL, JR. AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT M.C. NELSON AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT L.R. RAYMOND AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT W.V. SHIPLEY AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT R.W. TILLERSON AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT AUDITORS (PAGE 28).1 | Management | For | For |
| 3 | POLITICAL CONTRIBUTIONS (PAGE 30).1 | Shareholder | Against | Against |
| 4 | BOARD COMPENSATION (PAGE 31).1 | Shareholder | Against | Against |
| 5 | INDUSTRY EXPERIENCE (PAGE 32).1 | Shareholder | Against | Against |
| 6 | ACEH SECURITY REPORT (PAGE 33).1 | Shareholder | Against | Against |
| 7 | AMENDMENT OF EEO POLICY (PAGE 34).1 | Shareholder | Against | Against |
| 8 | BIODIVERSITY IMPACT REPORT (PAGE 36).1 | Shareholder | Against | Against |
| 9 | CLIMATE SCIENCE REPORT (PAGE 37).1 | Shareholder | Against | Against |
| 10 | KYOTO COMPLIANCE REPORT (PAGE 40).1 | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: FREESCALE SEMICONDUCTOR, INC. MEETING DATE: 04/29/2005 | ||||
| TICKER: FSLB SECURITY ID: 35687M206 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT H. RAYMOND BINGHAM AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT STEPHEN P. KAUFMAN AS A DIRECTOR | Management | For | For |
| 2 | TO APPROVE AMENDMENTS TO OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION. | Management | For | For |
| 3 | TO APPROVE AMENDMENTS TO OUR AMENDED AND RESTATED BY-LAWS. | Management | For | For |
| 4 | TO APPROVE OUR OMNIBUS INCENTIVE PLAN OF 2005. | Management | For | For |
| 5 | TO RATIFY THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF KPMG LLP, OUR INDEPENDENT AUDITORS, FOR FISCAL 2005. | Management | For | For |
| ISSUER NAME: GANNETT CO., INC. MEETING DATE: 04/14/2005 | ||||
| TICKER: GCI SECURITY ID: 364730101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT LOUIS D. BOCCARDI AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DONNA E. SHALALA AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY ERNST & YOUNG LLP AS THE COMPANY S AUDITORS.1 | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL CONCERNING PERFORMANCE-BASED OPTIONS. | Shareholder | Against | Against |
| 4 | SHAREHOLDER PROPOSAL CONCERNING DIRECTOR ELECTION MAJORITY VOTE STANDARD. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: GENERAL ELECTRIC COMPANY MEETING DATE: 04/27/2005 | ||||
| TICKER: GE SECURITY ID: 369604103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JAMES I. CASH, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT WILLIAM M. CASTELL AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT DENNIS D. DAMMERMAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ANN M. FUDGE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT CLAUDIO X. GONZALEZ AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT JEFFREY R. IMMELT AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ANDREA JUNG AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT ALAN G. LAFLEY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT RALPH S. LARSEN AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT ROCHELLE B. LAZARUS AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT SAM NUNN AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT ROGER S. PENSKE AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT ROBERT J. SWIERINGA AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT DOUGLAS A. WARNER III AS A DIRECTOR | Management | For | For |
| 1.15 | ELECT ROBERT C. WRIGHT AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF SELECTION OF INDEPENDENT AUDITOR | Management | For | For |
| 3 | CUMULATIVE VOTING | Shareholder | Against | Against |
| 4 | REPORT ON NUCLEAR RISK | Shareholder | Against | Against |
| 5 | REPORT ON PCB CLEANUP COSTS | Shareholder | Against | Against |
| 6 | CURB OVER-EXTENDED DIRECTORS | Shareholder | Against | Against |
| 7 | REPORT ON SUSTAINABILITY | Shareholder | Against | Against |
| 8 | DISCLOSE POLITICAL CONTRIBUTIONS | Shareholder | Against | Against |
| 9 | ANIMAL TESTING | Shareholder | Against | Against |
| ISSUER NAME: GENERAL MILLS, INC. MEETING DATE: 09/27/2004 | ||||
| TICKER: GIS SECURITY ID: 370334104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STEPHEN R. DEMERITT AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT LIVIO D. DESIMONE AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT WILLIAM T. ESREY AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RAYMOND V. GILMARTIN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JUDITH R. HOPE AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT ROBERT L. JOHNSON AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT HEIDI G. MILLER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT H. OCHOA-BRILLEMBOURG AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT MICHAEL D. ROSE AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT STEPHEN W. SANGER AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT A. MICHAEL SPENCE AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT DOROTHY A. TERRELL AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITOR. | Management | For | For |
| 3 | APPROVAL OF AMENDMENTS TO THE COMPANY S BY-LAWS. | Management | For | For |
| ISSUER NAME: GENERAL MOTORS CORPORATION MEETING DATE: 06/07/2005 | ||||
| TICKER: GM SECURITY ID: 370442105 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT P.N. BARNEVIK AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT E.B. BOWLES AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J.H. BRYAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT A.M. CODINA AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT G.M.C. FISHER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT K. KATEN AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT K. KRESA AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT E.J. KULLMAN AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT P.A. LASKAWY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT E.S. O'NEAL AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT E. PFEIFFER AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT G.R. WAGONER, JR. AS A DIRECTOR | Management | For | For |
| 2 | RATIFY SELECTION OF INDEPENDENT ACCOUNTANTS | Management | For | For |
| 3 | STOCKHOLDER PROPOSAL - ELIMINATE AWARDING, REPRICING, OR RENEWING STOCK OPTIONS | Shareholder | Against | Against |
| 4 | STOCKHOLDER PROPOSAL - ADOPT CUMULATIVE VOTING | Shareholder | Against | Abstain |
| 5 | STOCKHOLDER PROPOSAL - REQUEST REPORT ON GREENHOUSE GAS EMISSIONS | Shareholder | Against | Against |
| 6 | STOCKHOLDER PROPOSAL - REQUEST STOCKHOLDER APPROVAL FOR FUTURE GOLDEN PARACHUTES | Shareholder | Against | Against |
| 7 | STOCKHOLDER PROPOSAL - APPLY SIMPLE MAJORITY VOTE ON ITEMS SUBJECT TO STOCKHOLDER VOTE | Shareholder | Against | Against |
| ISSUER NAME: GUIDANT CORPORATION MEETING DATE: 04/27/2005 | ||||
| TICKER: GDT SECURITY ID: 401698105 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | TO APPROVE THE AGREEMENT AND PLAN OF MERGER DATED AS OF DECEMBER 15, 2004, AMONG JOHNSON & JOHNSON, SHELBY MERGER SUB, INC., A WHOLLY-OWNED SUBSIDIARY OF JOHNSON & JOHNSON, AND GUIDANT, PURSUANT TO WHICH SHELBY MERGER SUB WILL MERGE INTO GUIDANT WITH GUIDANT BECOMING A WHOLLY-OWNED SUBSIDIARY OF JOHNSON & JOHNSON.1 | Management | For | For |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: HEWLETT-PACKARD COMPANY MEETING DATE: 03/16/2005 | ||||
| TICKER: HPQ SECURITY ID: 428236103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT L.T. BABBIO, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT P.C. DUNN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT R.A. HACKBORN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT G.A. KEYWORTH II AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT R.E. KNOWLING, JR. AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT T.J. PERKINS AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT R.L. RYAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT L.S. SALHANY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT R.P. WAYMAN AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY ERNST & YOUNG LLP AS HEWLETT-PACKARD COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING OCTOBER 31, 20051 | Management | For | For |
| 3 | APPROVAL OF AN AMENDMENT TO THE HEWLETT-PACKARD COMPANY 2000 EMPLOYEE STOCK PURCHASE PLAN | Management | For | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: INTERNATIONAL BUSINESS MACHINES CORP MEETING DATE: 04/26/2005 | ||||
| TICKER: IBM SECURITY ID: 459200101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT C. BLACK AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT K.I. CHENAULT AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J. DORMANN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT M.L. ESKEW AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT C. GHOSN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT C.F. KNIGHT AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT M. MAKIHARA AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT L.A. NOTO AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT S.J. PALMISANO AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT J.E. SPERO AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT S. TAUREL AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT C.M. VEST AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT L.H. ZAMBRANO AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PAGE 24)1 | Management | For | For |
| 3 | STOCKHOLDER PROPOSAL ON--CUMULATIVE VOTING (PAGE 25)1 | Shareholder | Against | Abstain |
| 4 | STOCKHOLDER PROPOSAL ON--PENSION AND RETIREMENT MEDICAL (PAGE 25)1 | Shareholder | Against | Against |
| 5 | STOCKHOLDER PROPOSAL ON--EXECUTIVE COMPENSATION (PAGE 27)1 | Shareholder | Against | Against |
| 6 | STOCKHOLDER PROPOSAL ON--EXPENSING STOCK OPTIONS (PAGE 28)1 | Shareholder | Against | Against |
| 7 | STOCKHOLDER PROPOSAL ON--DISCLOSURE OF EXECUTIVE COMPENSATION (PAGE 29)1 | Shareholder | Against | Against |
| 8 | STOCKHOLDER PROPOSAL ON--OFFSHORING (PAGE 30)1 | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: JOHNSON & JOHNSON MEETING DATE: 04/28/2005 | ||||
| TICKER: JNJ SECURITY ID: 478160104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MARY S. COLEMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JAMES G. CULLEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT J. DARRETTA AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT MICHAEL M. E. JOHNS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ANN D. JORDAN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT ARNOLD G. LANGBO AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT SUSAN L. LINDQUIST AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT LEO F. MULLIN AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT CHRISTINE A. POON AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT STEVEN S REINEMUND AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT DAVID SATCHER AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT WILLIAM C. WELDON AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF 2005 LONG-TERM INCENTIVE PLAN. | Management | For | Against |
| 3 | RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS AS INDEPENDENT AUDITORS | Management | For | For |
| ISSUER NAME: JPMORGAN CHASE & CO. MEETING DATE: 05/17/2005 | ||||
| TICKER: JPM SECURITY ID: 46625H100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT HANS W. BECHERER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOHN H. BIGGS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LAWRENCE A. BOSSIDY AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT STEPHEN B. BURKE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JAMES S. CROWN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT JAMES DIMON AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ELLEN V. FUTTER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT WILLIAM H. GRAY III AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT WILLIAM B. HARRISON JR. AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT LABAN P. JACKSON JR. AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT JOHN W. KESSLER AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT ROBERT I. LIPP AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT RICHARD A. MANOOGIAN AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT DAVID C. NOVAK AS A DIRECTOR | Management | For | For |
| 1.15 | ELECT LEE R. RAYMOND AS A DIRECTOR | Management | For | For |
| 1.16 | ELECT WILLIAM C. WELDON AS A DIRECTOR | Management | For | For |
| 2 | APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVAL OF 2005 LONG-TERM INCENTIVE PLAN | Management | For | For |
| 4 | DIRECTOR TERM LIMITS | Shareholder | Against | Against |
| 5 | SEPARATION OF CHAIRMAN AND CEO | Shareholder | Against | Against |
| 6 | COMPETITIVE PAY | Shareholder | Against | Against |
| 7 | RECOUP UNEARNED MANAGEMENT BONUSES | Shareholder | Against | Against |
| ISSUER NAME: KERR-MCGEE CORPORATION MEETING DATE: 06/07/2005 | ||||
| TICKER: KMG SECURITY ID: 492386107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT WILLIAM F. WALLACE AS A DIRECTOR | Management | For | Withhold |
| 1.2 | ELECT IAN L. WHITE-THOMSON AS A DIRECTOR | Management | For | Withhold |
| 2 | RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR 2005.1 | Management | For | For |
| 3 | APPROVAL OF 2005 LONG TERM INCENTIVE PLAN. | Management | For | Against |
| 4 | APPROVAL TO AMEND THE AMENDED AND RESTATED CERTIFICATION OF INCORPORATION TO INCREASE THE AUTHORIZED NUMBER OF SHARES OF COMMON STOCK FROM 300,000,000 TO 500,000,000. | Management | For | For |
| 5 | STOCKHOLDER PROPOSAL REQUESTING ESTABLISHMENT OF AN OFFICE OF THE BOARD OF DIRECTORS. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: KNIGHT-RIDDER, INC. MEETING DATE: 04/26/2005 | ||||
| TICKER: KRI SECURITY ID: 499040103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MARK A. ERNST AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT VASANT PRABHU AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT P. ANTHONY RIDDER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JOHN E. WARNOCK AS A DIRECTOR | Management | For | For |
| 2 | RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP1 | Management | For | For |
| 3 | APPROVE THE MATERIAL TERMS OF THE ANNUAL INCENTIVE PLAN | Management | For | For |
| 4 | APPROVE THE AMENDMENT AND RESTATEMENT OF THE EMPLOYEE STOCK OPTION PLAN | Management | For | Against |
| 5 | APPROVE THE AMENDMENT OF THE EMPLOYEE STOCK OPTION PLAN | Management | For | Against |
| 6 | SHAREHOLDER PROPOSAL RELATING TO SEPARATING THE POSITIONS OF CHAIRMAN AND CEO | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: LEHMAN BROTHERS HOLDINGS INC. MEETING DATE: 04/05/2005 | ||||
| TICKER: LEH SECURITY ID: 524908100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL L. AINSLIE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOHN F. AKERS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT RICHARD S. FULD, JR. AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR 2005.1 | Management | For | For |
| 3 | APPROVAL OF 2005 STOCK INCENTIVE PLAN. | Management | For | Against |
| 4 | SHAREHOLDER PROPOSAL REGARDING CEO COMPENSATION. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: MCDONALD'S CORPORATION MEETING DATE: 05/11/2005 | ||||
| TICKER: MCD SECURITY ID: 580135101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT HALL ADAMS, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT CARY D. MCMILLAN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MICHAEL J. ROBERTS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JAMES A. SKINNER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ANNE-MARIE SLAUGHTER AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVAL OF A SHAREHOLDER PROPOSAL RELATING TO GENETIC ENGINEERING OF FOOD AND SEED | Shareholder | Against | Against |
| ISSUER NAME: MEDCO HEALTH SOLUTIONS, INC. MEETING DATE: 05/31/2005 | ||||
| TICKER: MHS SECURITY ID: 58405U102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN L. CASSIS AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT MICHAEL GOLDSTEIN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT BLENDA J. WILSON AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005. | Management | For | For |
| 3 | PROPOSAL TO APPROVE THE 2002 STOCK INCENTIVE PLAN, AS AMENDED. | Management | For | Against |
| 4 | PROPOSAL TO APPROVE THE 2003 EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED. | Management | For | For |
| 5 | PROPOSAL TO APPROVE THE EXECUTIVE INCENTIVE COMPENSATION PLAN. | Management | For | For |
| ISSUER NAME: MERCK & CO., INC. MEETING DATE: 04/26/2005 | ||||
| TICKER: MRK SECURITY ID: 589331107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ROCHELLE B. LAZARUS AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT WILLIAM G. BOWEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT RAYMOND V. GILMARTIN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT THOMAS E. SHENK AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ANNE M. TATLOCK AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT SAMUEL O. THIER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT WENDELL P. WEEKS AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT PETER C. WENDELL AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005 THE BOARD OF DIRECTORS RECOMMENDS A VOTE AGAINST ITEMS 3 THROUGH 9. | Management | For | For |
| 3 | STOCKHOLDER PROPOSAL CONCERNING STOCK OPTION AWARDS. | Shareholder | Against | Against |
| 4 | STOCKHOLDER PROPOSAL CONCERNING SUBJECTING NON-DEDUCTIBLE EXECUTIVE COMPENSATION TO SHAREHOLDER VOTE | Shareholder | Against | Against |
| 5 | STOCKHOLDER PROPOSAL CONCERNING ELIMINATION OF ANIMAL-BASED TEST METHODS | Shareholder | Against | Against |
| 6 | STOCKHOLDER PROPOSAL CONCERNING SEPARATING THE ROLES OF BOARD CHAIR AND CEO | Shareholder | Against | Against |
| 7 | STOCKHOLDER PROPOSAL CONCERNING AVAILABILITY OF COMPANY PRODUCTS TO CANADIAN WHOLESALERS | Shareholder | Against | Against |
| 8 | STOCKHOLDER PROPOSAL CONCERNING USE OF SHAREHOLDER RESOURCES FOR POLITICAL PURPOSES | Shareholder | Against | Against |
| 9 | STOCKHOLDER PROPOSAL CONCERNING A REPORT RELATED TO THE GLOBAL HIV\AIDS-TB-MALARIA PANDEMICS | Shareholder | Against | Against |
| ISSUER NAME: MICROSOFT CORPORATION MEETING DATE: 11/09/2004 | ||||
| TICKER: MSFT SECURITY ID: 594918104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT WILLIAM H. GATES III AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT STEVEN A. BALLMER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES I. CASH JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RAYMOND V. GILMARTIN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT A. MCLAUGHLIN KOROLOGOS AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT DAVID F. MARQUARDT AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT CHARLES H. NOSKI AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT HELMUT PANKE AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT JON A. SHIRLEY AS A DIRECTOR | Management | For | For |
| 2 | ADOPTION OF THE AMENDMENTS TO THE 2001 STOCK PLAN AND THE 1991 STOCK OPTION PLAN | Management | For | For |
| 3 | ADOPTION OF THE AMENDMENTS TO THE 1999 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS, THE STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS AND THE STOCK OPTION PLAN FOR CONSULTANTS AND ADVISORS | Management | For | For |
| 4 | APPROVAL OF MATERIAL TERMS OF THE PERFORMANCE CRITERIA FOR AWARDS UNDER THE 2001 STOCK PLAN | Management | For | For |
| 5 | RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITOR1 | Management | For | For |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: MOTOROLA, INC. MEETING DATE: 05/02/2005 | ||||
| TICKER: MOT SECURITY ID: 620076109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT E. ZANDER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT H.L. FULLER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J. LEWENT AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT W. MASSEY AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT T. MEREDITH AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT N. NEGROPONTE AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT I. NOOYI AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT S. SCOTT III AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT R. SOMMER AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT J. STENGEL AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT D. WARNER III AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT J. WHITE AS A DIRECTOR | Management | For | For |
| 2 | SHAREHOLDER PROPOSAL RE: NON-DEDUCTIBLE EXECUTIVE COMPENSATION | Shareholder | Against | For |
| 3 | SHAREHOLDER PROPOSAL RE: DIRECTOR ELECTION BY MAJORITY VOTE | Shareholder | Against | Against |
| ISSUER NAME: NEIMAN MARCUS GROUP, INC. MEETING DATE: 01/14/2005 | ||||
| TICKER: NMGB SECURITY ID: 640204301 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT WALTER J. SALMON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT MATINA S. HORNER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT BRIAN J. KNEZ AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT CARL SEWELL AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE CURRENT FISCAL YEAR1 | Management | For | For |
| 3 | APPROVAL OF THE NEIMAN MARCUS GROUP, INC. 2005 STOCK INCENTIVE PLAN | Management | For | For |
| 4 | APPROVAL OF SHAREHOLDER PROPOSAL CONCERNING CUMULATIVE VOTING | Shareholder | Against | Abstain |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: PARKER-HANNIFIN CORPORATION MEETING DATE: 10/27/2004 | ||||
| TICKER: PH SECURITY ID: 701094104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT CANDY M. OBOURN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT HECTOR R. ORTINO AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT NICKOLAS W. VANDE STEEG AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT DONALD E. WASHKEWICZ AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FY05. | Management | For | For |
| 3 | APPROVAL OF THE PARKER-HANNIFIN CORPORATION 2004 NON-EMPLOYEE DIRECTORS STOCK INCENTIVE PLAN. | Management | For | Against |
| ISSUER NAME: PFIZER INC. MEETING DATE: 04/28/2005 | ||||
| TICKER: PFE SECURITY ID: 717081103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL S. BROWN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT M. ANTHONY BURNS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT N. BURT AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT W. DON CORNWELL AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT WILLIAM H. GRAY III AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT CONSTANCE J. HORNER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT WILLIAM R. HOWELL AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT STANLEY O. IKENBERRY AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT GEORGE A. LORCH AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT HENRY A. MCKINNELL AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT DANA G. MEAD AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT RUTH J. SIMMONS AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT WILLIAM C. STEERE, JR. AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT JEAN-PAUL VALLES AS A DIRECTOR | Management | For | For |
| 2 | A PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL RELATING TO TERM LIMITS FOR DIRECTORS. | Shareholder | Against | Against |
| 4 | SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS. | Shareholder | Against | Against |
| 5 | SHAREHOLDER PROPOSAL RELATING TO IMPORTATION OF PRESCRIPTION DRUGS. | Shareholder | Against | Against |
| 6 | SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS. | Shareholder | Against | Against |
| 7 | SHAREHOLDER PROPOSAL RELATING TO PRODUCT AVAILABILITY IN CANADA. | Shareholder | Against | Against |
| 8 | SHAREHOLDER PROPOSAL RELATING TO THE SEPARATION OF THE ROLES OF CHAIR AND CEO AND ACCESS TO PHARMACEUTICAL PRODUCTS. | Shareholder | Against | Against |
| ISSUER NAME: RAYTHEON COMPANY MEETING DATE: 05/04/2005 | ||||
| TICKER: RTN SECURITY ID: 755111507 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT BARBARA M. BARRETT AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT FREDERIC M. POSES AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LINDA G. STUNTZ AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT AUDITORS | Management | For | For |
| 3 | AMENDMENT TO CERTIFICATE OF INCORPORATION TO DECLASSIFY THE BOARD OF DIRECTORS | Management | For | For |
| 4 | AMENDMENTS TO 2001 STOCK PLAN | Management | For | Against |
| 5 | AMENDMENTS TO 1997 NONEMPLOYEE DIRECTORS RESTRICTED STOCK PLAN | Management | For | Against |
| 6 | MACBRIDE PRINCIPLES | Shareholder | Against | Against |
| 7 | MAJORITY VOTING FOR DIRECTORS | Shareholder | Against | Against |
| 8 | ELECT RETIREE AS DIRECTOR | Shareholder | Against | Against |
| ISSUER NAME: ROYAL DUTCH PETROLEUM COMPANY MEETING DATE: 06/28/2005 | ||||
| TICKER: RD SECURITY ID: 780257804 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | ANNUAL ACCOUNTS 2004 | Management | For | None |
| 2 | DECLARATION OF THE TOTAL DIVIDEND FOR THE YEAR 2004 | Management | For | None |
| 3 | DISCHARGE OF THE MANAGING DIRECTORS | Management | For | None |
| 4 | DISCHARGE OF THE MEMBERS OF THE SUPERVISORY BOARD | Management | For | None |
| 5 | APPOINTMENT OF MR. L.R. RICCIARDI AS A MEMBER OF THE SUPERVISORY BOARD | Management | For | None |
| 6 | AUTHORIZATION FOR THE ACQUISITION OF ORDINARY SHARES | Management | For | None |
| 7 | CANCELLATION OF THE ORDINARY SHARES HELD BY THE COMPANY | Management | For | None |
| 8 | APPROVAL OF THE IMPLEMENTATION AGREEMENT | Management | For | None |
| 9 | PROPOSAL TO AMEND THE ARTICLES OF ASSOCIATION OF THE COMPANY | Management | For | None |
| 10 | APPOINTMENT OF MR A.G. JACOBS AS A NON-EXECUTIVE DIRECTOR | Management | For | None |
| 11 | APPOINTMENT OF MS CH. MORIN-POSTEL AS A NON-EXECUTIVE DIRECTOR | Management | For | None |
| 12 | APPOINTMENT OF MR A.A. LOUDON AS A NON-EXECUTIVE DIRECTOR | Management | For | None |
| 13 | APPOINTMENT OF MR L.R. RICCIARDI AS A NON-EXECUTIVE DIRECTOR | Management | For | None |
| 14 | ADOPTION OF THE REMUNERATION POLICY FOR THE BOARD OF DIRECTORS | Management | For | None |
| 15 | APPROVAL OF AMENDED LONG-TERM INCENTIVE PLAN | Management | For | None |
| 16 | APPROVAL OF AMENDED RESTRICTED SHARE PLAN | Management | For | None |
| 17 | APPROVAL OF AMENDED DEFERRED BONUS PLAN | Management | For | None |
| ISSUER NAME: SARA LEE CORPORATION MEETING DATE: 10/28/2004 | ||||
| TICKER: SLE SECURITY ID: 803111103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT B. BARNES AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT J.T. BATTENBERG III AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT C. COKER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT J. CROWN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT W. DAVIS AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT V. JORDAN, JR. AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT L. KOELLNER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT C. VAN LEDE AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT J. MANLEY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT C. STEVEN MCMILLAN AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT I. PROSSER AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT R. RIDGWAY AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT R. THOMAS AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS SARA LEE S INDEPENDENT AUDITORS FOR FISCAL 2005. | Management | For | For |
| 3 | TO VOTE ON A STOCKHOLDER PROPOSAL REGARDING CHARITABLE CONTRIBUTIONS. | Shareholder | Against | Against |
| ISSUER NAME: SCHERING-PLOUGH CORPORATION MEETING DATE: 04/26/2005 | ||||
| TICKER: SGP SECURITY ID: 806605101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT HANS W. BECHERER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT KATHRYN C. TURNER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT F.W. VAN OORDT AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF DESIGNATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL ON ANNUAL ELECTION OF DIRECTORS | Shareholder | Against | For |
| 4 | SHAREHOLDER PROPOSAL ON ANIMAL TESTING | Shareholder | Against | Against |
| ISSUER NAME: SCHLUMBERGER LIMITED (SCHLUMBERGER N MEETING DATE: 04/13/2005 | ||||
| TICKER: SLB SECURITY ID: 806857108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT J. DEUTCH AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT J.S. GORELICK AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT A. GOULD AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT T. ISAAC AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT A. LAJOUS AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT A. LEVY-LANG AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT M.E. MARKS AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT D. PRIMAT AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT T.I. SANDVOLD AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT N. SEYDOUX AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT L.G. STUNTZ AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT R. TALWAR AS A DIRECTOR | Management | For | For |
| 2 | ADOPTION AND APPROVAL OF FINANCIALS AND DIVIDENDS | Management | For | For |
| 3 | ADOPTION OF MANDATORY AMENDMENTS TO THE ARTICLES OF INCORPORATION | Management | For | For |
| 4 | ADOPTION OF VOLUNTARY AMENDMENTS TO THE ARTICLES OF INCORPORATION | Management | For | For |
| 5 | APPROVAL OF ADOPTION OF THE SCHLUMBERGER 2005 OPTION PLAN | Management | For | For |
| 6 | APPROVAL OF ADOPTION OF AN AMENDMENT TO THE SCHLUMBERGER DISCOUNTED STOCK PURCHASE PLAN | Management | For | For |
| 7 | APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| ISSUER NAME: SPX CORPORATION MEETING DATE: 05/06/2005 | ||||
| TICKER: SPW SECURITY ID: 784635104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT J. KERMIT CAMPBELL AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT EMERSON U. FULLWOOD AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MICHAEL J. MANCUSO AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT PUBLIC ACCOUNTANTS IN 2005.1 | Management | For | For |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: SUPERVALU INC. MEETING DATE: 06/15/2005 | ||||
| TICKER: SVU SECURITY ID: 868536103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT EDWIN C. GAGE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT GARNETT L. KEITH JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MARISSA PETERSON AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED ACCOUNTANTS | Management | For | For |
| 3 | AMENDMENTS TO THE SUPERVALU INC. 2002 STOCK PLAN | Management | For | Against |
| 4 | TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL | Shareholder | Against | Against |
| ISSUER NAME: THE COCA-COLA COMPANY MEETING DATE: 04/19/2005 | ||||
| TICKER: KO SECURITY ID: 191216100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT HERBERT A. ALLEN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RONALD W. ALLEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT CATHLEEN P. BLACK AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT WARREN E. BUFFETT AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT BARRY DILLER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT E. NEVILLE ISDELL AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT DONALD R. KEOUGH AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT MARIA ELENA LAGOMASINO AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT DONALD F. MCHENRY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT SAM NUNN AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT J. PEDRO REINHARD AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT JAMES D. ROBINSON III AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT PETER V. UEBERROTH AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT JAMES B. WILLIAMS AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS1 | Management | For | For |
| 3 | SHAREOWNER PROPOSAL REGARDING AN INDEPENDENT DELEGATION OF INQUIRY TO COLOMBIA | Shareholder | Against | Against |
| 4 | SHAREOWNER PROPOSAL REGARDING RESTRICTED STOCK | Shareholder | Against | Against |
| 5 | SHAREOWNER PROPOSAL REGARDING SEVERANCE AGREEMENTS | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: THE DIRECTV GROUP, INC. MEETING DATE: 06/01/2005 | ||||
| TICKER: DTV SECURITY ID: 25459L106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT RALPH F. BOYD, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JAMES M. CORNELIUS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT DAVID F. DEVOE AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC ACCOUNTANTS | Management | For | For |
| ISSUER NAME: THE GILLETTE COMPANY MEETING DATE: 05/12/2005 | ||||
| TICKER: G SECURITY ID: 375766102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL B. GIFFORD AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RAY J. GROVES AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT FRED H. LANGHAMMER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT MARJORIE M. YANG AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | For | For |
| ISSUER NAME: THE MCGRAW-HILL COMPANIES, INC. MEETING DATE: 04/27/2005 | ||||
| TICKER: MHP SECURITY ID: 580645109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT SIR WINFRIED BISCHOFF AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT MR. DOUGLAS N. DAFT AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MS. LINDA KOCH LORIMER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT MR. HAROLD MCGRAW III AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF KEY EXECUTIVE SHORT-TERM INCENTIVE COMPENSATION PLAN. | Management | For | For |
| 3 | APPROVAL TO AMEND THE COMPANY S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE AUTHORIZED SHARES OF COMMON STOCK. | Management | For | For |
| 4 | RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | Management | For | For |
| 5 | SHAREHOLDER PROPOSAL REQUESTING SHAREHOLDER VOTE ON POISON PILLS . | Shareholder | Against | For |
| ISSUER NAME: THE NEWS CORPORATION LIMITED MEETING DATE: 10/26/2004 | ||||
| TICKER: NWSA SECURITY ID: 652487802 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | SHARE SCHEME MEETING OF PREFERRED SHAREHOLDERS. APPROVAL OF THE SHARE SCHEME DESCRIBED IN THE INFORMATION MEMORANDUM. | Management | For | For |
| 2 | CAPITAL REDUCTION MEETING. APPROVAL OF THE CAPITAL REDUCTION BY CANCELLATION OF ALL SHARES IN THE COMPANY. | Management | For | For |
| 3 | IF YOU MARK THE AGAINST BOX, YOU WILL NOT VOTE AS REGISTERED LEGAL OWNER OF NEWSCORP SHARES AND YOUR VOTE WILL NOT BE COUNTED IN DETERMINING WHETHER THE SHARE SCHEME IS APPROVED BY A MAJORITY IN NUMBER OF SHAREHOLDERS VOTING AT THE MEETINGS. | Management | For | For |
| ISSUER NAME: THE PROCTER & GAMBLE COMPANY MEETING DATE: 10/12/2004 | ||||
| TICKER: PG SECURITY ID: 742718109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT R. KERRY CLARK AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOSEPH T. GORMAN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LYNN M. MARTIN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RALPH SNYDERMAN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ROBERT D. STOREY AS A DIRECTOR | Management | For | For |
| 2 | RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | For |
| 3 | APPROVE AMENDMENT TO AMENDED ARTICLES OF INCORPORATION TO INCREASE THE AUTHORIZED NUMBER OF SHARES OF COMMON STOCK | Management | For | For |
| 4 | APPROVE AMENDMENT TO CODE OF REGULATIONS TO PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS | Management | Against | For |
| 5 | SHAREHOLDER PROPOSAL NO. 1 IN-HOME FOOD STUDIES FOR PET NUTRITION | Shareholder | Against | Against |
| ISSUER NAME: THE ST. PAUL TRAVELERS COMPANIES, IN MEETING DATE: 07/28/2004 | ||||
| TICKER: STA SECURITY ID: 792860108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT H.P. BERKOWITZ AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT K.J. BIALKIN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT C.H. BYRD AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT J.H. DASBURG AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT L.B. DISHAROON AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT J.M. DOLAN AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT K.M. DUBERSTEIN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT J.S. FISHMAN AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT L.G. GRAEV AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT M.D. HARTZBAND AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT T.R. HODGSON AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT W.H. KLING AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT J.A. LAWRENCE AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT R.I. LIPP AS A DIRECTOR | Management | For | For |
| 1.15 | ELECT B.J. MCGARVIE AS A DIRECTOR | Management | For | For |
| 1.16 | ELECT G.D. NELSON, MD AS A DIRECTOR | Management | For | For |
| 1.17 | ELECT C. OTIS, JR. AS A DIRECTOR | Management | For | For |
| 1.18 | ELECT J.M. PEEK AS A DIRECTOR | Management | For | For |
| 1.19 | ELECT N.A. ROSEMAN AS A DIRECTOR | Management | For | For |
| 1.20 | ELECT C.W. SCHARF AS A DIRECTOR | Management | For | For |
| 1.21 | ELECT G.M. SPRENGER AS A DIRECTOR | Management | For | For |
| 1.22 | ELECT F.J. TASCO AS A DIRECTOR | Management | For | For |
| 1.23 | ELECT L.J. THOMSEN AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS ST. PAUL TRAVELERS INDEPENDENT AUDITORS FOR 2004. | Management | For | For |
| 3 | PROPOSAL TO APPROVE THE ST. PAUL TRAVELERS COMPANIES, INC. 2004 STOCK INCENTIVE PLAN. | Management | For | Against |
| ISSUER NAME: THE ST. PAUL TRAVELERS COMPANIES, IN MEETING DATE: 05/03/2005 | ||||
| TICKER: STA SECURITY ID: 792860108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN H. DASBURG AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT LESLIE B. DISHAROON AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JANET M. DOLAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT KENNETH M. DUBERSTEIN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JAY S. FISHMAN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT LAWRENCE G. GRAEV AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT THOMAS R. HODGSON AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT ROBERT I. LIPP AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT BLYTHE J. MCGARVIE AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT GLEN D. NELSON, MD AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT CLARENCE OTIS, JR. AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT CHARLES W. SCHARF AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT LAURIE J. THOMSEN AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS ST. PAUL TRAVELERS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | Management | For | For |
| ISSUER NAME: THE STANLEY WORKS MEETING DATE: 04/27/2005 | ||||
| TICKER: SWK SECURITY ID: 854616109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STILLMAN B. BROWN AS A DIRECTOR | Management | For | Withhold |
| 1.2 | ELECT EMMANUEL A. KAMPOURIS AS A DIRECTOR | Management | For | Withhold |
| 1.3 | ELECT KATHRYN D. WRISTON AS A DIRECTOR | Management | For | Withhold |
| 2 | TO APPROVE ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE YEAR 2005.1 | Management | For | For |
| 3 | TO VOTE ON A SHAREHOLDER PROPOSAL URGING THE BOARD OF DIRECTORS TO TAKE THE NECESSARY STEPS TO REQUIRE THAT ALL MEMBERS OF THE BOARD OF DIRECTORS BE ELECTED ANNUALLY. | Shareholder | Against | For |
| 4 | TO VOTE ON A SHAREHOLDER PROPOSAL REGARDING PROVISION OF NON-AUDIT SERVICES BY INDEPENDENT AUDITORS. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: THE WALT DISNEY COMPANY MEETING DATE: 02/11/2005 | ||||
| TICKER: DIS SECURITY ID: 254687106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN E. BRYSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOHN S. CHEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MICHAEL D. EISNER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JUDITH L. ESTRIN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ROBERT A. IGER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT FRED H. LANGHAMMER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT AYLWIN B. LEWIS AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT MONICA C. LOZANO AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT ROBERT W. MATSCHULLAT AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT GEORGE J. MITCHELL AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT LEO J. O'DONOVAN, S.J. AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT GARY L. WILSON AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S REGISTERED PUBLIC ACCOUNTANTS FOR 2005. | Management | For | For |
| 3 | TO APPROVE THE 2005 STOCK INCENTIVE PLAN. | Management | For | Against |
| 4 | TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO GREENMAIL. | Shareholder | Against | For |
| 5 | TO APPROVE THE SHAREHOLDER PROPOSAL RELATING TO CHINA LABOR STANDARDS. | Shareholder | Against | Against |
| ISSUER NAME: TORCHMARK CORPORATION MEETING DATE: 04/28/2005 | ||||
| TICKER: TMK SECURITY ID: 891027104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MARK S. MCANDREW AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT SAM R. PERRY AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LAMAR C. SMITH AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF AUDITORS | Management | For | For |
| 3 | 2005 NON-EMPLOYEE DIRECTOR INCENTIVE PLAN | Management | For | Against |
| 4 | 2005 INCENTIVE PLAN | Management | For | Against |
| 5 | SHAREHOLDER PROPOSAL | Shareholder | Against | Against |
| ISSUER NAME: TRANSOCEAN INC. MEETING DATE: 05/12/2005 | ||||
| TICKER: RIG SECURITY ID: G90078109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JUDY J. KELLY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ROBERTO MONTI AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT IAN C. STRACHAN AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF THE AMENDMENT OF OUR EMPLOYEE STOCK PURCHASE PLAN TO INCREASE THE NUMBER OF ORDINARY SHARES RESERVED FOR ISSUANCE UNDER THE PLAN FROM 2,500,000 TO 3,500,000. | Management | For | For |
| 3 | APPROVAL OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.1 | Management | For | For |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: TRIBUNE COMPANY MEETING DATE: 05/18/2005 | ||||
| TICKER: TRB SECURITY ID: 896047107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ROGER GOODAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ENRIQUE HERNANDEZ, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J. CHRISTOPHER REYES AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT DUDLEY S. TAFT AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS. | Management | For | For |
| ISSUER NAME: UNION PACIFIC CORPORATION MEETING DATE: 05/05/2005 | ||||
| TICKER: UNP SECURITY ID: 907818108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT P.F. ANSCHUTZ AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT E.B. DAVIS, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT R.K. DAVIDSON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT T.J. DONOHUE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT A.W. DUNHAM AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT S.F. ECCLES AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT J.R. HOPE AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT M.W. MCCONNELL AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT S.R. ROGEL AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT J.R. YOUNG AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT E. ZEDILLO AS A DIRECTOR | Management | For | For |
| 2 | ADOPT THE UNION PACIFIC CORPORATION EXECUTIVE INCENTIVE PLAN. | Management | For | For |
| 3 | RATIFY APPOINTMENT OF DELOITTE & TOUCHE AS INDEPENDENT AUDITORS.1 | Management | For | For |
| 4 | SHAREHOLDER PROPOSAL REGARDING A RESTRICTED SHARE GRANT PROGRAM. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: UNITED TECHNOLOGIES CORPORATION MEETING DATE: 04/13/2005 | ||||
| TICKER: UTX SECURITY ID: 913017109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT GEORGE DAVID AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JEAN-PIERRE GARNIER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMIE S. GORELICK AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT CHARLES R. LEE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT RICHARD D. MCCORMICK AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT HAROLD MCGRAW III AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT FRANK P. POPOFF AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT H. PATRICK SWYGERT AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT ANDRE VILLENEUVE AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT H.A. WAGNER AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT CHRISTINE TODD WHITMAN AS A DIRECTOR | Management | For | For |
| 2 | APPOINTMENT OF INDEPENDENT AUDITORS | Management | For | For |
| 3 | APPROVAL OF UNITED TECHNOLOGIES CORPORATION 2005 LONG TERM INCENTIVE PLAN | Management | For | For |
| 4 | SHAREOWNER PROPOSAL CONCERNING DISCLOSURE OF EXECUTIVE COMPENSATION | Shareholder | Against | Against |
| 5 | SHAREOWNER PROPOSAL CONCERNING ETHICAL CRITERIA FOR MILITARY CONTRACTS | Shareholder | Against | Against |
| 6 | SHAREOWNER PROPOSAL CONCERNING CEO COMPENSATION | Shareholder | Against | Against |
| ISSUER NAME: WADDELL & REED FINANCIAL, INC. MEETING DATE: 04/27/2005 | ||||
| TICKER: WDR SECURITY ID: 930059100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ALAN W. KOSLOFF AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT KEITH A. TUCKER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JERRY W. WALTON AS A DIRECTOR | Management | For | For |
| ISSUER NAME: WASTE MANAGEMENT, INC. MEETING DATE: 05/13/2005 | ||||
| TICKER: WMI SECURITY ID: 94106L109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT PASTORA S.J. CAFFERTY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT FRANK M. CLARK, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT S. MILLER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JOHN C. POPE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT W. ROBERT REUM AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT STEVEN G. ROTHMEIER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT DAVID P. STEINER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT THOMAS H. WEIDEMEYER AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005.1 | Management | For | For |
| 3 | TO VOTE ON A PROPOSAL RELATING TO DISCLOSURE OF OUR STRATEGY ON OPPOSITION TO PRIVATIZATION. | Shareholder | Against | Against |
| 4 | TO VOTE ON A PROPOSAL RELATING TO ELECTION OF DIRECTORS BY MAJORITY VOTE. | Shareholder | Against | Against |
| 5 | TO VOTE ON A PROPOSAL RELATING TO DISCLOSURE OF POLITICAL CONTRIBUTIONS. | Shareholder | Against | Against |
| 6 | TO VOTE ON A PROPOSAL RELATING TO EXECUTIVE SEVERANCE AGREEMENTS. | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: WYETH MEETING DATE: 04/21/2005 | ||||
| TICKER: WYE SECURITY ID: 983024100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT R.L. CARRION AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT R. ESSNER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J.D. FEERICK AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT F.D. FERGUSSON AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT R. LANGER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT J.P. MASCOTTE AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT M.L. POLAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT I.G. SEIDENBERG AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT W.V. SHIPLEY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT J.R. TORELL III AS A DIRECTOR | Management | For | For |
| 2 | RATIFY INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FIRM | Management | For | For |
| 3 | ADOPT 2005 STOCK INCENTIVE PLAN | Management | For | Against |
| 4 | REIMPORTATION OF PRESCRIPTION DRUGS | Shareholder | Against | Against |
| 5 | SEPARATE THE ROLES OF CHAIRMAN & CEO1 | Shareholder | Against | Against |
| 6 | DISCLOSURE OF POLITICAL CONTRIBUTIONS | Shareholder | Against | Against |
| 7 | DISCONTINUE PROMOTING PREMARIN AND PROTECTION OF MARES | Shareholder | Against | Against |
| 1. Fidelity displays agenda items and descriptions, including the use of characters (such as page numbers, percentage and pound signs, ampersands and, in particular, asterisks and other footnote designations) as they are provided by the issuer and the vote processing agent. Generally, asterisks refer to the class of director or stock or indicate notice of voting instructions. | ||||
| ISSUER NAME: ZIMMER HOLDINGS, INC. MEETING DATE: 05/02/2005 | ||||
| TICKER: ZMH SECURITY ID: 98956P102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT J. RAYMOND ELLIOTT AS A DIRECTOR | Management | For | For |
| 2 | AMENDMENT TO ZIMMER HOLDINGS, INC. TEAMSHARE STOCK OPTION PLAN | Management | For | Against |
| 3 | AUDITOR RATIFICATION | Management | For | For |
| 4 | STOCKHOLDER PROPOSAL RELATING TO AUDITOR INDEPENDENCE | Shareholder | Against | Against |
