FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-01352
EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Devonshire Trust
Fund Name: Fidelity Real Estate Investment Portfolio
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: JANUARY 31
DATE OF REPORTING PERIOD: 06/30/2004
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 Devonshire Trust
BY: /s/ CHRISTINE REYNOLDS
-----------------------------------------------------
CHRISTINE REYNOLDS, TREASURER, FIDELITY MANAGEMENT & RESEARCH COMPANY
DATE: 08/26/2004 10:59:08 AM
EXHIBIT A
VOTE SUMMARY REPORT
Fidelity Real Estate Investment Portfolio
07/01/2003 - 06/30/2004
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: ACADIA REALTY TRUST MEETING DATE: 05/06/2004 | ||||
| TICKER: AKR SECURITY ID: 004239109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT KENNETH F. BERNSTEIN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DOUGLAS CROCKER II AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ALAN S. FORMAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT SUZANNE M. HOPGOOD AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT LORRENCE T. KELLAR AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT WENDY LUSCOMBE AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT LEE S. WIELANSKY AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| 3 | TO TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING. | Management | For | Abstain |
| ISSUER NAME: ALEXANDRIA REAL ESTATE EQUITIES, INC MEETING DATE: 05/12/2004 | ||||
| TICKER: ARE SECURITY ID: 015271109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JERRY M. SUDARSKY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOEL S. MARCUS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES H. RICHARDSON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RICHARD B. JENNINGS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT RICHARD H. KLEIN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT ANTHONY M. SOLOMON AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ALAN G. WALTON AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT RICHMOND A. WOLF AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: APARTMENT INVESTMENT AND MANAGEMENT MEETING DATE: 04/30/2004 | ||||
| TICKER: AIV SECURITY ID: 03748R101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT TERRY CONSIDINE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT PETER K. KOMPANIEZ AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES N. BAILEY AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RICHARD S. ELLWOOD AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT J. LANDIS MARTIN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT THOMAS L. RHODES AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE SELECTION OF ERNST & YOUNG LLP TO SERVE AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| 3 | TO APPROVE THE SALE OF HIGH PERFORMANCE UNITS. | Management | For | For |
| 4 | TO URGE THE COMPENSATION AND HUMAN RESOURCES COMMITTEE OF THE BOARD TO ESTABLISH A POLICY TO SEEK STOCKHOLDER APPROVAL OF CERTAIN EXECUTIVE SEVERANCE ARRANGEMENTS. | Shareholder | Against | Against |
| ISSUER NAME: ARCHSTONE-SMITH TRUST MEETING DATE: 05/20/2004 | ||||
| TICKER: ASN SECURITY ID: 039583109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ERNEST A. GERARDI, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RUTH ANN M. GILLIS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT NED S. HOLMES AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT R. SCOT SELLERS AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF APPOINTMENT OF KPMG LLP AS AUDITORS FOR CURRENT FISCAL YEAR. | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL REGARDING SEVERANCE AGREEMENTS. | Shareholder | Against | Against |
| ISSUER NAME: AVALONBAY COMMUNITIES, INC. MEETING DATE: 05/05/2004 | ||||
| TICKER: AVB SECURITY ID: 053484101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT BRYCE BLAIR AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT BRUCE A. CHOATE AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JOHN J. HEALY, JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT GILBERT M. MEYER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT CHARLES D. PEEBLER, JR. AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT LANCE R. PRIMIS AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ALLAN D. SCHUSTER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT AMY P. WILLIAMS AS A DIRECTOR | Management | For | For |
| 2 | TO CONSIDER AND ACT UPON A STOCKHOLDER PROPOSAL DESCRIBED IN THE PROXY STATEMENT IF PROPERLY PRESENTED AT THE ANNUAL MEETING. | Shareholder | Against | Against |
| ISSUER NAME: BOARDWALK EQUITIES INC MEETING DATE: 04/28/2004 | ||||
| TICKER: -- SECURITY ID: 096613104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | APPROVE THAT, (I) THE TRANSFER BY THE CORPORATION OF THOSE ASSETS DESCRIBED IN THE CIRCULAR TO TOP HAT REAL ESTATE LIMITED PARTNERSHIP, AN INDIRECT SUBSIDIARY OF BOARDWALK REAL ESTATE INVESTMENT TRUST, BEING ALL OF THE ASSETS OF THE CORPORATION AS SPECIFIED; (II) THE PLAN OF ARRANGEMENT PLAN OF ARRANGEMENT UNDER SECTION 193 OF THE BUSINESS CORPORATIONS ACT ALBERTA THE ABCA OF THE CORPORATION, SUBSTANTIALLY AS SET FORTH IN SCHEDULE I TO THE ACQUISITION AND ARRANGEMENT AGREEMENT DATED 09 JAN... | Management | Unknown | For |
| 2 | APPROVE THE ADOPTION OF THE UNIT HOLDER RIGHTS PLAN RIGHTS PLAN THE TERMS AND CONDITIONS OF WHICH ARE SPECIFIED CIRCULAR AND THE DISTRIBUTION AND EXISTENCE OF THE RIGHTS DISTRIBUTED PURSUANT TO THE RIGHTS PLAN; AND AUTHORIZE ANY ONE OFFICER OR DIRECTOR OF THE CORPORATION TO EXECUTE OR CAUSE TO BE EXECUTED, UNDER THE CORPORATE SEAL OF THE CORPORATION OR OTHERWISE AND TO DELIVER OR CAUSE TO BE DELIVERED, ALL SUCH DOCUMENTS, AGREEMENTS AND INSTRUMENTS AND TO DO OR CAUSE TO BE DONE ALL SUCH OTHE... | Management | Unknown | Against |
| 3 | TRANSACT OTHER BUSINESS | Management | Unknown | Abstain |
| ISSUER NAME: BOARDWALK EQUITIES INC. MEETING DATE: 04/28/2004 | ||||
| TICKER: BEQIF SECURITY ID: 096613104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | A SPECIAL RESOLUTION AUTHORIZING AND APPROVING (I) THE TRANSFER OF ALL OF THE CORPORATION S ASSETS AND UNDERTAKINGS TO TOP HAT REAL ESTATE LIMITED PARTNERSHIP; AND (II) A PLAN OF ARRANGEMENT UNDER SECTION 193 OF THE BUSINESS CORPORATIONS ACT (ALBERTA), ALL AS MORE PARTICULARLY DESCRIBED IN THE MANAGEMENT INFORMATION CIRCULAR OF THE CORPORATION DATED MARCH 29, 2004. | Management | For | For |
| 2 | AN ORDINARY RESOLUTION AUTHORIZING AND APPROVING THE ADOPTION OF A UNITHOLDER RIGHTS PLAN FOR BOARDWALK REAL ESTATE INVESTMENT TRUST, AS MORE PARTICULARLY DESCRIBED IN THE MANAGEMENT INFORMATION CIRCULAR OF THE CORPORATION DATED MARCH 29, 2004 (NOTE: THIS RESOLUTION WILL ONLY BE PUT FORWARD TO SHAREHOLDERS IF THE ACQUISITION AND ARRANGEMENT RESOLUTION IS PASSED). | Management | For | Against |
| ISSUER NAME: BOSTON PROPERTIES, INC. MEETING DATE: 05/05/2004 | ||||
| TICKER: BXP SECURITY ID: 101121101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MORTIMER B. ZUCKERMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT CAROL B. EINIGER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ALAN B. LANDIS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RICHARD E. SALOMON AS A DIRECTOR | Management | For | For |
| 2 | TO CONSIDER AND ACT UPON A STOCKHOLDER PROPOSAL CONCERNING THE ANNUAL ELECTION OF DIRECTORS, IF PROPERLY PRESENTED AT THE MEETING. | Shareholder | Against | For |
| ISSUER NAME: CAPITAL AUTOMOTIVE REIT MEETING DATE: 05/11/2004 | ||||
| TICKER: CARS SECURITY ID: 139733109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN E. ANDERSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT THOMAS D. ECKERT AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT CRAIG L. FULLER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT PAUL M. HIGBEE AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT WILLIAM E. HOGLUND AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT R. MICHAEL MCCULLOUGH AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT JOHN J. POHANKA AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT ROBERT M. ROSENTHAL AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT VINCENT A. SHEEHY AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF THE ACCOUNTING FIRM OF ERNST & YOUNG LLP TO SERVE AS INDEPENDENT ACCOUNTANTS FOR CAPITAL AUTOMOTIVE REIT FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: CATELLUS DEVELOPMENT CORPORATION MEETING DATE: 05/04/2004 | ||||
| TICKER: CDX SECURITY ID: 149113102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STEPHEN F. BOLLENBACH AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DARYL J. CARTER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT RICHARD D. FARMAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT CHRISTINE GARVEY AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT WILLIAM M. KAHANE AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT LESLIE D. MICHELSON AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT DEANNA W. OPPENHEIMER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT NELSON C. RISING AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT THOMAS M. STEINBERG AS A DIRECTOR | Management | For | For |
| ISSUER NAME: CATELLUS DEVELOPMENT CORPORATION MEETING DATE: 09/26/2003 | ||||
| TICKER: CDX SECURITY ID: 149111106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER DATED JULY 31, 2003 AMONG CATELLUS DEVELOPMENT CORPORATION, CATELLUS SUBCO, INC. AND CATELLUS OPERATING LIMITED PARTNERSHIP PURSUANT TO WHICH THE REIT CONVERSION WILL BE EFFECTED | Management | For | For |
| 2.1 | ELECT JOSEPH F. ALIBRANDI AS A DIRECTOR | Management | For | For |
| 2.2 | ELECT STEPHEN F. BOLLENBACH AS A DIRECTOR | Management | For | For |
| 2.3 | ELECT DARYL J. CARTER AS A DIRECTOR | Management | For | For |
| 2.4 | ELECT RICHARD D. FARMAN AS A DIRECTOR | Management | For | For |
| 2.5 | ELECT CHRISTINE GARVEY AS A DIRECTOR | Management | For | For |
| 2.6 | ELECT WILLIAM M. KAHANE AS A DIRECTOR | Management | For | For |
| 2.7 | ELECT LESLIE D. MICHELSON AS A DIRECTOR | Management | For | For |
| 2.8 | ELECT DEANNA W. OPPENHEIMER AS A DIRECTOR | Management | For | For |
| 2.9 | ELECT NELSON C. RISING AS A DIRECTOR | Management | For | For |
| 2.10 | ELECT THOMAS M. STEINBERG AS A DIRECTOR | Management | For | For |
| 2.11 | ELECT CORA M. TELLEZ AS A DIRECTOR | Management | For | For |
| 3 | APPROVE THE AMENDMENT TO THE 2000 PERFORMANCE AWARD PLAN | Management | For | For |
| 4 | APPROVE AND ADOPT THE 2003 PERFORMANCE AWARD PLAN | Management | For | Against |
| 5 | STOCKHOLDER PROPOSAL RELATING TO STOCKHOLDER RIGHTS PLAN | Shareholder | Against | For |
| ISSUER NAME: CBL & ASSOCIATES PROPERTIES, INC. MEETING DATE: 05/10/2004 | ||||
| TICKER: CBL SECURITY ID: 124830100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STEPHEN D. LEBOVITZ AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT WINSTON W. WALKER AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE SELECTION OF DELOITTE & TOUCHE, LLP AS THE INDEPENDENT PUBLIC ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: CEDAR SHOPPING CENTERS, INC. MEETING DATE: 06/29/2004 | ||||
| TICKER: CDR SECURITY ID: 150602209 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JAMES J. BURNS AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RICHARD HOMBURG AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT EVERETT B. MILLER, III AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT LEO S. ULLMAN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT BRENDA J. WALKER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT ROGER M. WIDMANN AS A DIRECTOR | Management | For | For |
| 2 | TO APPROVE THE 2004 STOCK INCENTIVE PLAN. | Management | For | For |
| 3 | TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: CENDANT CORPORATION MEETING DATE: 04/20/2004 | ||||
| TICKER: CD SECURITY ID: 151313103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT RT. HON. BRIAN MULRONEY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RONALD L. NELSON AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT W. PITTMAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT MYRA J. BIBLOWIT AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT SHELI Z. ROSENBERG AS A DIRECTOR | Management | For | For |
| 2 | TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE COMPANY TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS OF THE COMPANY. | Management | For | For |
| 3 | TO RATIFY AND APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| 4 | STOCKHOLDER PROPOSAL REGARDING THE SEPARATION OF THE OFFICES OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN. | Shareholder | Against | Against |
| 5 | STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION. | Shareholder | Against | Against |
| ISSUER NAME: CENTERPOINT PROPERTIES TRUST MEETING DATE: 05/18/2004 | ||||
| TICKER: CNT SECURITY ID: 151895109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT NICHOLAS C. BABSON AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT MARTIN BARBER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT NORMAN R. BOBINS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ALAN D. FELD AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT PAUL S. FISHER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT JOHN S. GATES, JR. AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT MICHAEL M. MULLEN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT THOMAS E. ROBINSON AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT JOHN C. STALEY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT ROBERT L. STOVALL AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF AN AMENDMENT TO THE DECLARATION OF TRUST INCREASING THE AUTHORIZED NUMBER OF SHARES OF BENEFICIAL INTEREST. | Management | For | For |
| ISSUER NAME: CORRECTIONAL PROPERTIES TRUST MEETING DATE: 04/29/2004 | ||||
| TICKER: CPV SECURITY ID: 22025E104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT CHARLES R. JONES AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JAMES D. MOTTA AS A DIRECTOR | Management | For | For |
| 2 | TO APPROVE AND ADOPT AMENDMENTS TO THE CORRECTIONAL PROPERTIES TRUST 2002 STOCK OPTION PLAN. | Management | For | Against |
| 3 | TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS OF CORRECTIONAL PROPERTIES TRUST FOR THE FISCAL YEAR 2004. | Management | For | For |
| ISSUER NAME: COUSINS PROPERTIES INCORPORATED MEETING DATE: 05/04/2004 | ||||
| TICKER: CUZ SECURITY ID: 222795106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT THOMAS D. BELL, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ERSKINE B. BOWLES AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT RICHARD W. COURTS, II AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT THOMAS G. COUSINS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT LILLIAN C. GIORNELLI AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT TERENCE C. GOLDEN AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT BOONE A. KNOX AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT JOHN J. MACK AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT HUGH L. MCCOLL, JR. AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT WILLIAM PORTER PAYNE AS A DIRECTOR | Management | For | For |
| 2 | INCREASE TOTAL NUMBER OF SHARES AVAILABLE FOR ISSUANCE UNDER THE 1999 INCENTIVE STOCK PLAN, AS AMENDED AND RESTATED. | Management | For | Against |
| ISSUER NAME: DEVELOPERS DIVERSIFIED REALTY CORP. MEETING DATE: 05/18/2004 | ||||
| TICKER: DDR SECURITY ID: 251591103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DEAN S. ADLER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT TERRANCE R. AHERN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MOHSEN ANVARI AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ROBERT H. GIDEL AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT VICTOR B. MACFARLANE AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT CRAIG MACNAB AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT SCOTT D. ROULSTON AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT BARRY A. SHOLEM AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT WILLIAM B. SUMMERS. JR. AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT BERT L. WOLSTEIN AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT SCOTT A. WOLSTEIN AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE AMENDMENT TO PROVIDE FOR THE EARLY EXPIRATION OF THE SHAREHOLDER RIGHTS AGREEMENT. | Management | For | For |
| 3 | TO APPROVE THE 2004 DEVELOPERS DIVERSIFIED REALTY CORPORATION EQUITY-BASED AWARD PLAN. | Management | For | Against |
| 4 | TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE COMPANY S FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: DUKE REALTY CORPORATION MEETING DATE: 04/28/2004 | ||||
| TICKER: DRE SECURITY ID: 264411505 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT BARRINGTON H. BRANCH AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT GARY A. BURK AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT GEOFFREY BUTTON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT WILLIAM CAVANAUGH III AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT NGAIRE E. CUNEO AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT CHARLES R. EITEL AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT THOMAS L. HEFNER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT L. BEN LYTLE AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT WILLIAM O. MCCOY AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT JOHN W. NELLEY, JR. AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT DENNIS D. OKLAK AS A DIRECTOR | Management | For | For |
| 1.12 | ELECT JAMES E. ROGERS AS A DIRECTOR | Management | For | For |
| 1.13 | ELECT JACK R. SHAW AS A DIRECTOR | Management | For | For |
| 1.14 | ELECT ROBERT J. WOODWARD, JR. AS A DIRECTOR | Management | For | For |
| 1.15 | ELECT DARELL E. ZINK, JR. AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL TO SEPARATE THE POSITIONS OF BOARD CHAIR AND CHIEF EXECUTIVE OFFICER | Shareholder | Against | Against |
| ISSUER NAME: EQUITY OFFICE PROPERTIES TRUST MEETING DATE: 05/19/2004 | ||||
| TICKER: EOP SECURITY ID: 294741103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT THOMAS E. DOBROWSKI AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT WILLIAM M. GOODYEAR AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES D. HARPER, JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RICHARD D. KINCAID AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT DAVID K. MCKOWN AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT SHELI Z. ROSENBERG AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT EDWIN N. SIDMAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT J. H.W.R. VAN DER VLIST AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT SAMUEL ZELL AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE AUDIT COMMITTEE S APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS. | Management | For | For |
| ISSUER NAME: EQUITY RESIDENTIAL MEETING DATE: 05/28/2004 | ||||
| TICKER: EQR SECURITY ID: 29476L107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN W. ALEXANDER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT CHARLES L. ATWOOD AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT BRUCE W. DUNCAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT STEPHEN O. EVANS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JAMES D. HARPER, JR. AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT BOONE A. KNOX AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT DESIREE G. ROGERS AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT SHELI Z. ROSENBERG AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT GERALD A. SPECTOR AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT B. JOSEPH WHITE AS A DIRECTOR | Management | For | For |
| 1.11 | ELECT SAMUEL ZELL AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF AMENDMENT TO THE COMPANY S DECLARATION OF TRUST TO REMOVE A POTENTIAL ANTI-TAKEOVER DEFENSE. | Management | For | For |
| 3 | RATIFICATION OF THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: FEDERAL REALTY INVESTMENT TRUST MEETING DATE: 05/05/2004 | ||||
| TICKER: FRT SECURITY ID: 313747206 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DAVID W. FAEDER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT KRISTIN GAMBLE AS A DIRECTOR | Management | For | For |
| 2 | TO AMEND THE TRUST S DECLARATION OF TRUST TO CHANGE THE PERMISSIBLE SIZE OF THE BOARD FROM A RANGE OF 3 TO 15 TRUSTEES TO A RANGE OF 5 TO 10 TRUSTEES. | Management | For | For |
| 3 | TO AMEND THE TRUST S DECLARATION OF TRUST TO DECREASE THE VOTE REQUIRED BY SHAREHOLDERS TO REMOVE A TRUSTEE WITH OR WITHOUT CAUSE FROM 80% TO 67%. | Management | For | For |
| 4 | TO RATIFY THE APPOINTMENT OF GRANT THORNTON LLP AS THE TRUST S INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: FIDELITY CASH CENTRAL FUND MEETING DATE: 04/14/2004 | ||||
| TICKER: -- SECURITY ID: 31635A105 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | TO AMEND THE TRUST INSTRUMENT TO ALLOW THE BOARD OF TRUSTEES, IF PERMITTED BY APPLICABLE LAW, TO AUTHORIZE FUND MERGERS WITHOUT SHAREHOLDER APPROVAL. | Management | For | For |
| 2.1 | ELECT J. MICHAEL COOK AS A DIRECTOR | Management | For | For |
| 2.2 | ELECT RALPH F. COX AS A DIRECTOR | Management | For | For |
| 2.3 | ELECT LAURA B. CRONIN AS A DIRECTOR | Management | For | For |
| 2.4 | ELECT ROBERT M. GATES AS A DIRECTOR | Management | For | For |
| 2.5 | ELECT GEORGE H. HEILMEIER AS A DIRECTOR | Management | For | For |
| 2.6 | ELECT ABIGAIL P. JOHNSON AS A DIRECTOR | Management | For | For |
| 2.7 | ELECT EDWARD C. JOHNSON 3D AS A DIRECTOR | Management | For | For |
| 2.8 | ELECT DONALD J. KIRK AS A DIRECTOR | Management | For | For |
| 2.9 | ELECT MARIE L. KNOWLES AS A DIRECTOR | Management | For | For |
| 2.10 | ELECT NED C. LAUTENBACH AS A DIRECTOR | Management | For | For |
| 2.11 | ELECT MARVIN L. MANN AS A DIRECTOR | Management | For | For |
| 2.12 | ELECT WILLIAM O. MCCOY AS A DIRECTOR | Management | For | For |
| 2.13 | ELECT ROBERT L. REYNOLDS AS A DIRECTOR | Management | For | For |
| 2.14 | ELECT WILLIAM S. STAVROPOULOS AS A DIRECTOR | Management | For | For |
| ISSUER NAME: FOREST CITY ENTERPRISES, INC. MEETING DATE: 06/08/2004 | ||||
| TICKER: FCEA SECURITY ID: 345550107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL P. ESPOSITO, JR AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JOAN K. SHAFRAN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LOUIS STOKES AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT STAN ROSS AS A DIRECTOR | Management | For | For |
| 2 | THE PROPOSED AMENDMENT, RESTATEMENT AND RENAMING OF THE 1994 STOCK OPTION PLAN. | Management | For | Against |
| 3 | THE RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING JANUARY 31, 2005. | Management | For | For |
| ISSUER NAME: GAYLORD ENTERTAINMENT COMPANY MEETING DATE: 05/07/2004 | ||||
| TICKER: GET SECURITY ID: 367905106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT E.K. GAYLORD II AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT E. GORDON GEE AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT P. BOWEN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT RALPH HORN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT LAURENCE S. GELLER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT MICHAEL D. ROSE AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT COLIN V. REED AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT MICHAEL I. ROTH AS A DIRECTOR | Management | For | For |
| ISSUER NAME: GENERAL GROWTH PROPERTIES, INC. MEETING DATE: 11/20/2003 | ||||
| TICKER: GGP SECURITY ID: 370021107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | APPROVAL OF AN AMENDMENT TO THE CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK, CHANGE THE PAR VALUE OF THE COMMON STOCK AND EFFECTUATE A THREE-FOR-ONE SPLIT OF THE COMMON STOCK. | Management | For | Against |
| ISSUER NAME: GENERAL GROWTH PROPERTIES, INC. MEETING DATE: 05/05/2004 | ||||
| TICKER: GGP SECURITY ID: 370021107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JOHN BUCKSBAUM AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ALAN COHEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ANTHONY DOWNS AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE SELECTION OF INDEPENDENT AUDITORS. | Management | For | For |
| ISSUER NAME: HEALTH CARE PROPERTY INVESTORS, INC. MEETING DATE: 05/07/2004 | ||||
| TICKER: HCP SECURITY ID: 421915109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MARY A. CIRILLO AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ROBERT R. FANNING, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES F. FLAHERTY III AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT DAVID B. HENRY AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT MICHAEL D. MCKEE AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT HAROLD M. MESSMER, JR. AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT PETER L. RHEIN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT KENNETH B. ROATH AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT RICHARD M. ROSENBERG AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT JOSEPH P. SULLIVAN AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF THE AMENDMENT TO THE CHARTER TO INCREASE THE COMPANY S AUTHORIZED COMMON STOCK TO 750,000,000. | Management | For | Against |
| 3 | APPROVAL OF THE AMENDMENT TO THE CHARTER TO DECLASSIFY THE BOARD. | Management | For | For |
| 4 | RATIFICATION OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: HIGHWOODS PROPERTIES, INC. MEETING DATE: 05/18/2004 | ||||
| TICKER: HIW SECURITY ID: 431284108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT EDWARD J. FRITSCH AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT LAWRENCE S. KAPLAN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT L. GLENN ORR, JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT WILLIAM E. GRAHAM, JR. AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| 3 | OTHER BUSINESS: IN HIS DISCRETION, THE PROXY IS AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING OR ANY ADJOURNMENTS THEREOF. | Management | For | Abstain |
| ISSUER NAME: HILTON HOTELS CORPORATION MEETING DATE: 05/27/2004 | ||||
| TICKER: HLT SECURITY ID: 432848109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT A. STEVEN CROWN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DAVID MICHELS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JOHN H. MYERS AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT DONNA F. TUTTLE AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF ERNST & YOUNG LLP AS THE COMPANY S AUDITORS FOR 2004. | Management | For | For |
| 3 | APPROVAL OF THE COMPANY S 2004 OMNIBUS EQUITY COMPENSATION PLAN. | Management | For | Against |
| 4 | APPROVAL OF THE COMPANY S ANNUAL INCENTIVE PLAN. | Management | For | For |
| 5 | A STOCKHOLDER PROPOSAL CONCERNING BOARD DECLASSIFICATION. | Shareholder | Against | For |
| 6 | A STOCKHOLDER PROPOSAL CONCERNING BOARD INDEPENDENCE. | Shareholder | Against | Against |
| ISSUER NAME: HOME PROPERTIES, INC. MEETING DATE: 05/04/2004 | ||||
| TICKER: HME SECURITY ID: 437306103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT NORMAN P. LEENHOUTS AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT NELSON B. LEENHOUTS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT EDWARD J. PETTINELLA AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT WILLIAM BALDERSTON, III AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ALAN L. GOSULE AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT LEONARD F. HELBIG, III AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT ROGER W. KOBER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT CLIFFORD W. SMITH, JR. AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT PAUL L. SMITH AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT AMY L. TAIT AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT AUDITORS FOR 2004. | Management | For | For |
| ISSUER NAME: ISTAR FINANCIAL INC. MEETING DATE: 05/25/2004 | ||||
| TICKER: SFI SECURITY ID: 45031U101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JAY SUGARMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT WILLIS ANDERSEN, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ROBERT W. HOLMAN, JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ROBIN JOSEPHS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JOHN G. MCDONALD AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT GEORGE R. PUSKAR AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT JEFFREY A. WEBER AS A DIRECTOR | Management | For | For |
| 2 | AUTHORIZATION OF ISSUANCE OF COMMON STOCK EQUIVALENTS TO DIRECTORS UNDER A NON-EMPLOYEE DIRECTORS DEFERRAL PROGRAM. | Management | For | For |
| 3 | APPROVAL OF EXTENDING THE ISTAR FINANCIAL INC. HIGH PERFORMANCE UNIT PROGRAM TO ADD 2007 HPU PLAN AND 2008 HPU PLAN. | Management | For | For |
| 4 | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: LAND SECURITIES GROUP PLC MEETING DATE: 07/17/2003 | ||||
| TICKER: -- SECURITY ID: G5375M118 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | RECEIVE THE REPORT AND THE FINANCIAL STATEMENTS FOR THE YE 31 MAR 2003 | Management | Unknown | For |
| 2 | APPROVE THE INTERIM DIVIDEND PAID IN THE YEAR AND AUTHORIZE THE PAYMENT OF A F INAL DIVIDEND FOR THE YEAR OF 26P PER SHARE | Management | Unknown | For |
| 3 | APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE YE 31 MAR 2003 | Management | Unknown | For |
| 4 | RE-APPOINT MARK COLLINS AS A DIRECTOR | Management | Unknown | For |
| 5 | RE-APPOINT IAN ELLIS AS A DIRECTOR | Management | Unknown | For |
| 6 | RE-APPOINT STUART ROSE AS A DIRECTOR | Management | Unknown | For |
| 7 | RE-ELECT MR. IAN HENDERSON AS A DIRECTOR | Management | Unknown | For |
| 8 | RE-ELECT MR. FRANCIS SALWAY AS A DIRECTOR | Management | Unknown | For |
| 9 | RE-ELECT MR. ANDREW MACFARLANE AS A DIRECTOR | Management | Unknown | For |
| 10 | RE-APPOINT PRICEWATERHOUSECOOPERS LLP AS THE AUDITORS OF THE COMPANY FOR THE E NSUING YEAR AND AUTHORIZE THE DIRECTORS TO DETERMINE THEIR REMUNERATION | Management | Unknown | For |
| 11 | TRANSACT ANY OTHER BUSINESS | N/A | N/A | N/A |
| 12 | APPROVE THE LAND SECURITIES GROUP PLC 2003 SAVINGS-RELATED SHARE OPTION SCHEME SHARESAVE SCHEME AND AUTHORIZE THE DIRECTORS: (I) TO ADOPT THE SHARESAVE SC HEME; (II) TO SEEK THE WRITTEN APPROVAL OF THE BOARD OF INLAND REVENUE UNDER S CHEDULE 3 TO THE INCOME TAX EARNINGS AND PENSIONS ACT 2003 SHARESAVE APPROV AL AND IN THEIR ABSOLUTE DISCRETION TO AMEND, WAIVE OR REPLACE SUCH OF THE RU LES OF THE SHARESAVE SCHEME OR INTRODUCE SUCH NEW RULES AS MAY BE NECESSARY FO R THE SHARESAVE SCHEME TO OB... | Management | Unknown | For |
| 13 | AUTHORIZE THE COMPANY TO PURCHASE ITS OWN ORDINARY SHARES BY WAY OF MARKET PUR CHASE UPON AND SUBJECT TO THE FOLLOWING CONDITIONS: (A) THE MAXIMUM NUMBER OF 69,375,000 ORDINARY SHARES OF 10P; (B) THE MAXIMUM PRICE AT WHICH THE SHARES M AY BE PURCHASED IS AN AMOUNT EQUAL TO 105% OF THE AVERAGE OF THE MIDDLE MARKET QUOTATIONS DERIVED FROM THE LONDON STOCK EXCHANGE DAILY OFFICIAL LIST FOR THE 5 BUSINESS DAYS IMMEDIATELY PRECEDING THE DAY ON WHICH THE SHARES ARE CONTRAC TED TO BE PURCHASED AND THE M... | Management | Unknown | For |
| ISSUER NAME: LIBERTY PROPERTY TRUST MEETING DATE: 05/05/2004 | ||||
| TICKER: LRY SECURITY ID: 531172104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT M. LEANNE LACHMAN AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT J. ANTHONY HAYDEN AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF THE PROPOSAL TO AMEND THE DECLARATION OF TRUST OF THE TRUST TO AMEND AND RESTATE IN ITS ENTIRETY ARTICLE VII OF THE DECLARATION OF TRUST. | Management | For | For |
| 3 | APPROVAL OF THE PROPOSAL TO AMEND THE DECLARATION OF TRUST TO AMEND SECTIONS 6.2, 6.3 AND 10.1 (D) OF THE DECLARATION OF TRUST. | Management | For | For |
| 4 | APPROVAL OF THE PROPOSAL TO AMEND THE TRUST S AMENDED AND RESTATED SHARE INCENTIVE PLAN, INCLUDING AN AMENDMENT TO INCREASE THE NUMBER OF SHARES AVAILABLE FOR AWARDS THEREUNDER BY 1,500,000 SHARES TO 11,426,256 SHARES. | Management | For | Against |
| ISSUER NAME: MANUFACTURED HOME COMMUNITIES, INC. MEETING DATE: 05/04/2004 | ||||
| TICKER: MHC SECURITY ID: 564682102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DONALD S. CHISHOLM AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT THOMAS E. DOBROWSKI AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT THOMAS P. HENEGHAN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JOE B. MCADAMS AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT SHELI Z. ROSENBERG AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT HOWARD WALKER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT GARY L. WATERMAN AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT SAMUEL ZELL AS A DIRECTOR | Management | For | For |
| ISSUER NAME: MERISTAR HOSPITALITY CORPORATION MEETING DATE: 05/26/2004 | ||||
| TICKER: MHX SECURITY ID: 58984Y103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT D. ELLEN SHUMAN* AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT PAUL W. WHETSELL* AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT JAMES R. WORMS* AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT H. CABOT LODGE III** AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: NEWCASTLE INVESTMENT CORP. MEETING DATE: 05/27/2004 | ||||
| TICKER: NCT SECURITY ID: 65105M108 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DAVID J. GRAIN AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO APPROVE THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE FISCAL YEAR 2004. | Management | For | For |
| ISSUER NAME: OMEGA HEALTHCARE INVESTORS, INC. MEETING DATE: 06/03/2004 | ||||
| TICKER: OHI SECURITY ID: 681936100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT EDWARD LOWENTHAL AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT STEPHEN D. PLAVIN AS A DIRECTOR | Management | For | For |
| 2 | TO CONSIDER AND VOTE UPON A PROPOSAL TO AMEND OUR ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF OUR PREFERRED STOCK FROM 10,000,000 TO 20,000,000 SHARES. | Management | For | Against |
| 3 | TO APPROVE THE OMEGA HEALTHCARE INVESTORS, INC. 2004 STOCK INCENTIVE PLAN. | Management | For | Against |
| ISSUER NAME: PAN PACIFIC RETAIL PROPERTIES, INC. MEETING DATE: 05/06/2004 | ||||
| TICKER: PNP SECURITY ID: 69806L104 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT DAVID P. ZIMEL AS A DIRECTOR | Management | For | For |
| 2 | CHARTER AMENDMENT TO DECLASSIFY THE BOARD OF DIRECTORS | Management | For | For |
| 3 | CHARTER AMENDMENT TO INCREASE THE OWNERSHIP LIMIT OF THE COMPANY S COMMON STOCK | Management | For | For |
| ISSUER NAME: PRICE LEGACY CORPORATION MEETING DATE: 12/16/2003 | ||||
| TICKER: XLG SECURITY ID: 74144P106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JACK MCGRORY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT JAMES F. CAHILL AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT MURRAY GALINSON AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT KEENE WOLCOTT AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT REUBEN S. LEIBOWITZ AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT MELVIN L. KEATING AS A DIRECTOR | Management | For | For |
| ISSUER NAME: PRICE LEGACY CORPORATION MEETING DATE: 03/11/2004 | ||||
| TICKER: XLG SECURITY ID: 74144P106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | TO APPROVE THE ISSUANCE OF, AT THE ELECTION OF THE HOLDER, EITHER 4.2 SHARES OF COMMON STOCK OR ONE SHARE OF A NEW SERIES OF PREFERRED STOCK OF PRICE LEGACY, TO BE DESIGNATED 6.82% SERIES 1 CUMULATIVE REDEEMABLE PREFERRED STOCK, IN EXCHANGE FOR EACH OUTSTANDING SHARE OF PRICE LEGACY S 8 3/4% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK. | Management | For | For |
| 2 | TO APPROVE THE ISSUANCE OF 1.39 SHARES OF COMMON STOCK IN EXCHANGE FOR EACH OUTSTANDING SHARE OF PRICE LEGACY S 9% SERIES B JUNIOR CONVERTIBLE REDEEMABLE PREFERRED STOCK. | Management | For | For |
| 3 | TO EFFECT A 1-FOR-4 REVERSE STOCK SPLIT OF THE COMMON STOCK. | Management | For | For |
| 4 | TO DESIGNATE AND ESTABLISH THE TERMS OF THE SERIES 1 PREFERRED STOCK THAT MAY BE ISSUED IN EXCHANGE FOR SHARES OF SERIES A PREFERRED STOCK. | Management | For | For |
| 5 | TO ELIMINATE THE SERIES B PREFERRED STOCK FOLLOWING ITS EXCHANGE FOR COMMON STOCK. | Management | For | For |
| 6 | TO CHANGE THE MANNER OF ELECTION OF DIRECTORS TO PROVIDE THAT THE HOLDERS OF COMMON STOCK AND SERIES A PREFERRED STOCK, BUT NOT THE HOLDERS OF SERIES 1 PREFERRED STOCK, WILL VOTE TOGETHER AS A SINGLE CLASS TO ELECT ALL OF THE DIRECTORS OF PRICE LEGACY, WITH EACH SHARE OF COMMON STOCK ENTITLED TO ONE VOTE AND EACH SHARE OF SERIES A PREFERRED ENTITLED TO ONE-TENTH OF ONE VOTE. | Management | For | For |
| 7 | TO CHANGE THE AUTHORIZED CAPITAL STOCK OF PRICE LEGACY TO PROVIDE SUFFICIENT SHARES TO COMPLETE THE RECAPITALIZATION. | Management | For | For |
| 8 | TO APPROVE THE AMENDMENT AND RESTATEMENT, IN SUBSTANTIALLY THE FORM OF ARTICLES OF AMENDMENT AND RESTATEMENT ATTACHED TO THE PROXY STATEMENT AS ANNEX B, WHICH WILL INCLUDE THE FOREGOING AMENDMENTS IN THE EVENT THEY ARE APPROVED BY THE STOCKHOLDERS. | Management | For | For |
| ISSUER NAME: PROLOGIS MEETING DATE: 05/18/2004 | ||||
| TICKER: PLD SECURITY ID: 743410102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STEPHEN L. FEINBERG AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DONALD P. JACOBS AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT D. MICHAEL STEUERT AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT J. ANDRE TEIXEIRA AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF AMENDED AND RESTATED 2000 SHARE OPTION PLAN FOR OUTSIDE TRUSTEES. | Management | For | For |
| 3 | APPROVAL OF APPOINTMENT OF INDEPENDENT AUDITORS FOR 2004. | Management | For | For |
| ISSUER NAME: PUBLIC STORAGE, INC. MEETING DATE: 05/06/2004 | ||||
| TICKER: PSA SECURITY ID: 74460D109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT B. WAYNE HUGHES AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RONALD L. HAVNER, JR. AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT HARVEY LENKIN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ROBERT J. ABERNETHY AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT DANN V. ANGELOFF AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT WILLIAM C. BAKER AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT JOHN T. EVANS AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT URI P. HARKHAM AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT B. WAYNE HUGHES, JR. AS A DIRECTOR | Management | For | For |
| 1.10 | ELECT DANIEL C. STATON AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS, TO AUDIT THE ACCOUNTS OF PUBLIC STORAGE, INC. FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: RECKSON ASSOCIATES REALTY CORP. MEETING DATE: 06/02/2004 | ||||
| TICKER: RA SECURITY ID: 75621K106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | TO AMEND THE ARTICLES OF INCORPORATION OF THE COMPANY TO ELIMINATE THE CLASSIFICATION OF THE BOARD OF DIRECTORS. | Management | For | For |
| 2 | TO AMEND THE ARTICLES OF INCORPORATION TO AMEND THE PROVISION REGARDING THE COMPANY S COMMON STOCK OWNERSHIP LIMIT. | Management | For | For |
| 3.1 | ELECT PETER QUICK* AS A DIRECTOR | Management | For | For |
| 3.2 | ELECT STANLEY STEINBERG* AS A DIRECTOR | Management | For | For |
| 3.3 | ELECT JOHN RUFFLE* AS A DIRECTOR | Management | For | For |
| 3.4 | ELECT ELIZABETH MCCAUL** AS A DIRECTOR | Management | For | For |
| 3.5 | ELECT DOUGLAS CROCKER II*** AS A DIRECTOR | Management | For | For |
| 3.6 | ELECT SCOTT H. RECHLER AS A DIRECTOR | Management | For | For |
| 3.7 | ELECT DONALD J. RECHLER AS A DIRECTOR | Management | For | For |
| 3.8 | ELECT LEWIS S. RANIERI AS A DIRECTOR | Management | For | For |
| 3.9 | ELECT RONALD H. MENAKER AS A DIRECTOR | Management | For | For |
| 4 | TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE INDEPENDENT AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: REGENCY CENTERS CORPORATION MEETING DATE: 04/28/2004 | ||||
| TICKER: REG SECURITY ID: 758849103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MARTIN E. STEIN, JR. AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RAYMOND L. BANK AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT A.R. CARPENTER AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT J. DIX DRUCE, JR. AS A DIRECTOR | Management | For | For |
| 2 | AMENDMENT TO REGENCY S RESTATED ARTICLES OF INCORPORATION TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS. | Management | For | For |
| 3 | AMENDMENT TO REGENCY S RESTATED ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF PREFERRED STOCK. | Management | For | For |
| 4 | AMENDMENT TO REGENCY S RESTATED ARTICLES OF INCORPORATION TO DELETE MATTERS OF HISTORICAL INTEREST RELATING TO SECURITY CAPITAL S OWNERSHIP LIMIT. | Management | For | For |
| ISSUER NAME: SIMON PROPERTY GROUP, INC. MEETING DATE: 05/05/2004 | ||||
| TICKER: SPG SECURITY ID: 828806109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT BIRCH BAYH AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT MELVYN E. BERGSTEIN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT LINDA WALKER BYNOE AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT KAREN N. HORN AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT G. WILLIAM MILLER AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT J. ALBERT SMITH, JR. AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT PIETER S. VAN DEN BERG AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT ACCOUNTANTS FOR 2004. | Management | For | For |
| 3 | TO CONSIDER AND VOTE ON A STOCKHOLDER PROPOSAL. | Shareholder | Against | Against |
| ISSUER NAME: SL GREEN REALTY CORP. MEETING DATE: 05/19/2004 | ||||
| TICKER: SLG SECURITY ID: 78440X101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT E. THOMAS BURTON, III AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. | Management | For | For |
| ISSUER NAME: STARWOOD HOTELS & RESORTS WORLDWIDE, MEETING DATE: 05/07/2004 | ||||
| TICKER: HOT SECURITY ID: 85590A203 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ERIC HIPPEAU AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DANIEL YIH AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT KNEELAND YOUNGBLOOD AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR 2004. | Management | For | For |
| 3 | APPROVAL OF THE 2004 LONG-TERM INCENTIVE COMPENSATION PLAN. | Management | For | Against |
| 4 | APPROVAL OF AN AMENDMENT TO THE COMPANY S CHARTER TO DECLASSIFY THE BOARD OF DIRECTORS AND PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS. | Management | For | For |
| ISSUER NAME: THE MILLS CORPORATION MEETING DATE: 06/10/2004 | ||||
| TICKER: MLS SECURITY ID: 601148109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JAMES C. BRAITHWAITE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT HON JOSEPH B GILDENHORN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT HARRY H. NICK AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT ROBERT P. PINCUS AS A DIRECTOR | Management | For | For |
| 2 | PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS AUDITORS FOR 2004. | Management | For | For |
| 3 | PROPOSAL TO APPROVE THE AMENDMENT TO THE MILLS CORPORATION S CERTIFICATE OF INCORPORATION TO INCREASE THE TOTAL NUMBER OF AUTHORIZED SHARES OF CAPITAL STOCK FROM 170,000,000 TO 190,000,000 AND THE NUMBER OF AUTHORIZED SHARES OF PREFERRED STOCK FROM 20,000,000 TO 40,000,000. | Management | For | For |
| 4 | PROPOSAL TO APPROVE THE MILLS CORPORATION S 2004 STOCK INCENTIVE PLAN. | Management | For | Against |
| 5 | PROPOSAL TO APPROVE THE EXECUTIVE HIGH PERFORMANCE PROGRAM. | Management | For | For |
| ISSUER NAME: THE ROUSE COMPANY MEETING DATE: 05/06/2004 | ||||
| TICKER: RSE SECURITY ID: 779273101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JEREMIAH E. CASEY AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ROGER W. SCHIPKE AS A DIRECTOR | Management | For | For |
| 2 | CONSIDERATION OF A PROPOSAL BY THE BOARD OF DIRECTORS TO AMEND THE CHARTER OF THE ROUSE COMPANY TO INCREASE THE TOTAL NUMBER OF AUTHORIZED SHARES OF COMMON STOCK OF THE ROUSE COMPANY. | Management | For | Against |
| ISSUER NAME: THE ST. JOE COMPANY MEETING DATE: 05/18/2004 | ||||
| TICKER: JOE SECURITY ID: 790148100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT MICHAEL L. AINSLIE AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT HUGH M. DURDEN AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT ADAM W. HERBERT, JR. AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT DELORES KESLER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT JOHN S. LORD AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT WALTER L. REVELL AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT PETER S. RUMMELL AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT WINFRED L. THORNTON AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT WILLIAM H. WALTON, III AS A DIRECTOR | Management | For | For |
| 2 | APPROVAL OF AMENDMENT OF ARTICLES OF INCORPORATION ELIMINATING PREEMPTIVE RIGHTS | Management | For | Against |
| 3 | RATIFICATION OF INDEPENDENT AUDITORS | Management | For | For |
| ISSUER NAME: VENTAS, INC. MEETING DATE: 05/21/2004 | ||||
| TICKER: VTR SECURITY ID: 92276F100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT JAY M. GELLERT AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT RONALD G. GEARY AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT DOUGLAS CROCKER II AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT SHELI Z. ROSENBERG AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT DEBRA A. CAFARO AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT THOMAS C. THEOBALD AS A DIRECTOR | Management | For | For |
| 2 | TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR FISCAL YEAR 2004. | Management | For | For |
| 3 | TO ADOPT THE COMPANY S 2004 STOCK PLAN FOR DIRECTORS WHICH AMENDS AND RESTATES THE COMPANY S 2000 STOCK OPTION PLAN FOR DIRECTORS. | Management | For | Against |
| ISSUER NAME: VORNADO REALTY TRUST MEETING DATE: 05/27/2004 | ||||
| TICKER: VNO SECURITY ID: 929042109 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT ROBERT P. KOGOD AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT DAVID MANDELBAUM AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT DR. RICHARD R. WEST AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS. | Management | For | For |
| ISSUER NAME: WEINGARTEN REALTY INVESTORS MEETING DATE: 04/23/2004 | ||||
| TICKER: WRI SECURITY ID: 948741103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | ELECT STANFORD ALEXANDER AS A DIRECTOR | Management | For | For |
| 1.2 | ELECT ANDREW M. ALEXANDER AS A DIRECTOR | Management | For | For |
| 1.3 | ELECT J. MURRY BOWDEN AS A DIRECTOR | Management | For | For |
| 1.4 | ELECT JAMES W. CROWNOVER AS A DIRECTOR | Management | For | For |
| 1.5 | ELECT ROBERT J. CRUIKSHANK AS A DIRECTOR | Management | For | For |
| 1.6 | ELECT MELVIN A. DOW AS A DIRECTOR | Management | For | For |
| 1.7 | ELECT STEPHEN A. LASHER AS A DIRECTOR | Management | For | For |
| 1.8 | ELECT DOUGLAS W. SCHNITZER AS A DIRECTOR | Management | For | For |
| 1.9 | ELECT MARC J. SHAPIRO AS A DIRECTOR | Management | For | For |
| 2 | RATIFICATION OF DELOITTE & TOUCHE LLP AS WEINGARTEN S INDEPENDENT AUDITORS. | Management | For | For |
| 3 | SHAREHOLDER PROPOSAL ENTITLED PERFORMANCE AND TIME-BASED RESTRICTED SHARES . | Shareholder | Against | Against |