UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-4338
Heritage Capital Appreciation Trust
(Exact name of registrant as specified in charter)
880 Carillon Parkway St. Petersburg, FL 33716
(Address of principal executive offices)
(Name and address of agent for service)
Registrant’s telephone number, including area code: 727-573-3800
Date of fiscal year end: August 31, 2004
Date of reporting period: July 1, 2003 to June 30, 2004
Item 1. Proxy Voting Record.
Heritage Capital Appreciation Trust
<PRE>
How the
Shareholder, Vote for Fund
Mgmt, or or Cast
Name (Heritage Ticker Meeting Issuer Against its
Fund name) Cusip Symbol Issuer Date Issue Proposal Mgmt Rec Vote Voted?
Heritage Capital 307000109 FDO Family Dollar 1/15/2004 1) Elect Directors Mgmt For For Yes
Appreciation Trust Stores, Inc
Heritage Capital 307000109 FDO Family Dollar 1/15/2004 2) Approve Mgmt For For Yes
Appreciation Trust Stores, Inc Non-Employee
Director Stock
Option Plan
Heritage Capital 307000109 FDO Family Dollar 1/15/2004 3) Ratify Auditors Mgmt For For Yes
Appreciation Trust Stores, Inc
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 1) Elect Directors Mgmt For Split Yes
Appreciation Trust
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 a) Adelia A. Mgmt For Withhold No
Appreciation Trust Coffman
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 b) Raymond Mgmt For For Yes
Appreciation Trust V. Dittamore
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 c) Irwin Mgmt For For Yes
Appreciation Trust Mark Jacobs
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 d) Richard Mgmt For For Yes
Appreciation Trust Sulpizio
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 2) Amend Stock Mgmt For For Yes
Appreciation Trust Option Plan
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 3) Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 747525103 QCOM Qualcomm Inc. 3/2/2004 4) Declassify the Shareholder Against For Yes
Appreciation Trust Board of Directors
Heritage Capital 982526105 WWY Wm. Wriglwy Jr. 3/9/2004 1) Elect Directors Mgmt For For Yes
Appreciation Trust Co.
Heritage Capital 982526105 WWY Wm. Wriglwy Jr. 3/9/2004 2) Amend Omnibus Mgmt For For Yes
Appreciation Trust Co. Stockl Plan
Heritage Capital 982526105 WWY Wm. Wriglwy Jr. 3/9/2004 3) Ratify Auditors Mgmt For For Yes
Appreciation Trust Co.
Heritage Capital 141705103 CMX Caremark Rx, Inc. 3/22/2004 1) Increase Mgmt For For Yes
Appreciation Trust Authorized Common
Stock
Heritage Capital 141705103 CMX Caremark Rx, Inc. 3/22/2004 2) Approve Mgmt For For Yes
Appreciation Trust Issuance of Stock
in connection
with Merger
Agreement
Heritage Capital 141705103 CMX Caremark Rx, Inc. 3/22/2004 3) Increase Mgmt For Against Yes
Appreciation Trust Authorized
Preferred Stock
Heritage Capital 141705103 CMX Caremark Rx, Inc. 3/22/2004 4) Approve Mgmt For For Yes
Appreciation Trust Omnibus Stock Plan
Heritage Capital 141705103 CMX Caremark Rx, Inc. 3/22/2004 5) Allow Mgmt For Against Yes
Appreciation Trust postponement or
Adjournment of
Special meeting
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 1) Elect Directors Mgmt For Split Yes
Appreciation Trust
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 a) Joan E. Mgmt For For Yes
Appreciation Trust Donoghue
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 b) Michelle Mgmt For Withhold No
Appreciation Trust Engler
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 c) Richard Mgmt For For Yes
Appreciation Trust Karl Goeltz
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 d) George D. Mgmt For Withhold No
Appreciation Trust Gould
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 e) Henry Mgmt For For Yes
Appreciation Trust Kaufman
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 f) John B. Mgmt For Withhold No
Appreciation Trust Mccoy
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 g) Shaun F. Mgmt For Withhold No
Appreciation Trust O'Malley
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 h) Ronald F. Mgmt For Withhold No
Appreciation Trust Poe
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 i) Stephen Mgmt For Withhold No
Appreciation Trust A. Ross
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 j) Donald J. Mgmt For Withhold No
Appreciation Trust Schuenke
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 k) Christina Mgmt For Withhold No
Appreciation Trust Seix
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 l) Richard Mgmt For For Yes
Appreciation Trust F. Syron
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 m) William Mgmt For Withhold No
Appreciation Trust J. Turner
Heritage Capital 313400301 FRE Freddie Mac 3/31/2004 2) Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 319963104 FDC First Data Corp. 10/28/2003 Approve Merger Mgmt For For Yes
Appreciation Trust Agreement
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Directors Mgmt Split Split Yes
Appreciation Trust Systems Corp.
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Systems Corp. Charles D. Ferris
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt For For Yes
Appreciation Trust Systems Corp. Richard H.
Hochman
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt For For Yes
Appreciation Trust Systems Corp. Victor Oristano
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt For For Yes
Appreciation Trust Systems Corp. Vincent Tese
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt For For Yes
Appreciation Trust Systems Corp. Thomas V.
Reifenheiser
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Elect Director Mgmt For For Yes
Appreciation Trust Systems Corp. John R. Ryan
Heritage Capital 12686C109 CVC Cablevision 5/25/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Systems Corp.
Heritage Capital 141705103 CMX Caremark Rx, Inc. 5/4/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 143130102 KMX CARMAX INC 6/29/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 143130102 KMX CARMAX INC 6/29/2004 Amend Employee Mgmt For For Yes
Appreciation Trust Stock Purchase
Plan
Heritage Capital 151313103 CD Cendant 4/20/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 151313103 CD Cendant 4/20/2004 Declassify the Mgmt For For Yes
Appreciation Trust Corporation Board of Directors
Heritage Capital 151313103 CD Cendant 4/20/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 151313103 CD Cendant 4/20/2004 Separate Chairman Shareholder Against Against Yes
Appreciation Trust Corporation and CEO Positions
Heritage Capital 151313103 CD Cendant 4/20/2004 Limit Executive Shareholder Against Against Yes
Appreciation Trust Corporation Compensation
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Directors Mgmt Split Split Yes
Appreciation Trust Communications,
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications, Alan D. Feld
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Thomas O. Hicks
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Perry J. Lewis
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director L. Mgmt For For Yes
Appreciation Trust Communications, Lowry Mays
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Mark P. Mays
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Randall T. Mays
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, B.J. Mccombs
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Phyllis B.
Inc. Riggins
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Theordore H.
Inc. Strauss
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, J.C. Watts
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, John H. Williams
Inc.
Heritage Capital 184502102 CCU Clear Channel 4/28/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Communications,
Inc.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust International
Corp.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Elect Director Mgmt For For Yes
Appreciation Trust International Randall A. Hack
Corp.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust International Edward C.
Corp. Hutcheson, Jr.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Elect Director J. Mgmt For For Yes
Appreciation Trust International Landis Martin
Corp.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust International Stock Plan
Corp.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust International
Corp.
Heritage Capital 228227104 CCI Crown Castle 5/26/2004 Implement Shareholder Against Against Yes
Appreciation Trust International MacBride
Corp. Principles
Heritage Capital 256747106 DLTR Dollar Tree 6/17/2004 Change Range for Mgmt For For Yes
Appreciation Trust Stores, Inc. Size of the Board
Heritage Capital 256747106 DLTR Dollar Tree 6/17/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Stores, Inc.
Heritage Capital 256747106 DLTR Dollar Tree 6/17/2004 Amend Omnibus Mgmt For For Yes
Appreciation Trust Stores, Inc. Stock Plan
Heritage Capital 256747106 DLTR Dollar Tree 6/17/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Stores, Inc. Stock Plan
Heritage Capital 256747106 DLTR Dollar Tree 6/17/2004 Approve Executive Mgmt For For Yes
Appreciation Trust Stores, Inc. Incentive Bonus
Plan
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Amend Omnibus Mgmt For For Yes
Appreciation Trust Stock Plan
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Amend Stock Mgmt For For Yes
Appreciation Trust Option Plan
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Increase Mgmt For Against Yes
Appreciation Trust Authorized Common
Stock
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 278642103 EBAY eBay Inc. 6/24/2004 Expense Stock Shareholder Against For Yes
Appreciation Trust Options
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Communications
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications Michael T. Dugan
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications James Defranco
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications Cantey Ergen
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Charles W. Ergen
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Raymond L.
Corp. Friedlob
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Steven R.
Corp. Goodbarn
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications David K.
Corp. Moskowitz
Heritage Capital 278762109 DISH Echostar 5/6/2004 Elect Director C. Mgmt For For Yes
Appreciation Trust Communications Michael Schroeder
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Communications
Corp.
Heritage Capital 278762109 DISH Echostar 5/6/2004 Other Business Mgmt For Against Yes
Appreciation Trust Communications
Corp.
Heritage Capital 29382R107 EVC Entravision 5/26/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Communication
Heritage Capital 29382R107 EVC Entravision 5/26/2004 Authorize a New Mgmt For Against Yes
Appreciation Trust Communication Class of Common
Stock
Heritage Capital 29382R107 EVC Entravision 5/26/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Communication Stock Plan
Heritage Capital 29382R107 EVC Entravision 5/26/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Communication
Heritage Capital 313586109 FNM Fannie Mae 5/25/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 313586109 FNM Fannie Mae 5/25/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 313586109 FNM Fannie Mae 5/25/2004 Amend Employee Mgmt For For Yes
Appreciation Trust Stock Purchase
Plan
Heritage Capital 313586109 FNM Fannie Mae 5/25/2004 Provide for Shareholder Against For Yes
Appreciation Trust Cumulative Voting
Heritage Capital 319963104 FDC First Data Corp. 5/19/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 319963104 FDC First Data Corp. 5/19/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 381317106 GDW Golden West 4/27/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Financial Corp.
Heritage Capital 381317106 GDW Golden West 4/27/2004 Increase Mgmt For For Yes
Appreciation Trust Financial Corp. Authorized Common
Stock
Heritage Capital 381317106 GDW Golden West 4/27/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Financial Corp.
Heritage Capital 413619107 HET Harrah's 4/29/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Entertainment,
Inc.
Heritage Capital 413619107 HET Harrah's 4/29/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Entertainment, Stock Plan
Inc.
Heritage Capital 413619107 HET Harrah's 4/29/2004 Approve Executive Mgmt For For Yes
Appreciation Trust Entertainment, Incentive Bonus
Inc. Plan
Heritage Capital 413619107 HET Harrah's 4/29/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Entertainment,
Inc.
Heritage Capital 413619107 HET Harrah's 4/29/2004 Report on Shareholder Against Against Yes
Appreciation Trust Entertainment, Political
Inc. Contributions/
Activities
Heritage Capital 512815101 LAMR Lamar Advertising 5/27/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Company
Heritage Capital 512815101 LAMR Lamar Advertising 5/27/2004 Amend Omnibus Mgmt For For Yes
Appreciation Trust Company Stock Plan
Heritage Capital 530718105 L Liberty Media 6/9/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Corp.
Heritage Capital 530718105 L Liberty Media 6/9/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Corp. Robert R. Bennett
Heritage Capital 530718105 L Liberty Media 6/9/2004 Elect Director Mgmt For For Yes
Appreciation Trust Corp. Paul A. Gould
Heritage Capital 530718105 L Liberty Media 6/9/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Corp. John C. Malone
Heritage Capital 530718105 L Liberty Media 6/9/2004 Amend Executive Mgmt For For Yes
Appreciation Trust Corp. Incentive Bonus
Plan
Heritage Capital 530718105 L Liberty Media 6/9/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Corp.
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Inc.
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. James D. Aljian
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Willie D. Davis
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Alexander M.
Haig, Jr.
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Michael R.
Gleason
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Kirk Kerkorian
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Frank G. Mancuso
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Christopher J.
Mcgurk
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Inc. A.N. Mosich
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Inc. Priscilla Presley
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Inc. Henry D.
Winterstern
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Inc. Alex Yemenidjian
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Inc. Jerome B. York
Heritage Capital 591610100 MGM Metro-Goldwyn-Mayer 5/12/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Inc.
Heritage Capital 615369105 MCO Moody's 4/27/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 615369105 MCO Moody's 4/27/2004 Amend Omnibus Mgmt For For Yes
Appreciation Trust Corporation Stock Plan
Heritage Capital 615369105 MCO Moody's 4/27/2004 Approve Executive Mgmt For For Yes
Appreciation Trust Corporation Incentive Bonus
Plan
Heritage Capital 615369105 MCO Moody's 4/27/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 615369105 MCO Moody's 4/27/2004 Performance- Based Shareholder Against Against Yes
Appreciation Trust Corporation
Heritage Capital 713448108 PEP PepsiCo, Inc. 5/5/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 713448108 PEP PepsiCo, Inc. 5/5/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 713448108 PEP PepsiCo, Inc. 5/5/2004 Approve Executive Mgmt For For Yes
Appreciation Trust Incentive Bonus
Plan
Heritage Capital 713448108 PEP PepsiCo, Inc. 5/5/2004 Report on Shareholder Against Against Yes
Appreciation Trust Political
Contributions/Activities
Heritage Capital 713448108 PEP PepsiCo, Inc. 5/5/2004 Report on Shareholder Against Against Yes
Appreciation Trust Operational
Impact of
HIV/AIDS, TB, and
Malaria Pandemic
Heritage Capital 716016209 PETC Petco Animal 6/3/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Supplies, Inc.
Heritage Capital 716016209 PETC Petco Animal 6/3/2004 Report on Animal Shareholder Against Against Yes
Appreciation Trust Supplies, Inc. Sales
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Stock Plan
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Report on Shareholder Against Against Yes
Appreciation Trust Operational
Impact of
HIV/AIDS, TB, and
Malaria Pandemic
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Cease Political Shareholder Against Against Yes
Appreciation Trust Contributions/Activities
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Report on Shareholder Against Against Yes
Appreciation Trust Political
Contributions/Activities
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Establish Term Shareholder Against Against Yes
Appreciation Trust Limits for
Directors
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Report on Drug Shareholder Against Against Yes
Appreciation Trust Pricing
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Limit Awards to Shareholder Against Against Yes
Appreciation Trust Executives
Heritage Capital 717081103 PFE Pfizer Inc. 4/22/2004 Amend Animal Shareholder Against Against Yes
Appreciation Trust Testing Policy
Heritage Capital 785905100 TSG Sabre Holdings 5/4/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 785905100 TSG Sabre Holdings 5/4/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Corporation
Heritage Capital 785905100 TSG Sabre Holdings 5/4/2004 Amend Employee Mgmt For For Yes
Appreciation Trust Corporation Stock Purchase
Plan
Heritage Capital 808513105 SCH The Charles 5/17/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Schwab Corp.
Heritage Capital 808513105 SCH The Charles 5/17/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Schwab Corp. Stock Plan
Heritage Capital 580645109 MHP The McGraw-Hill 4/28/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Companies, Inc.
Heritage Capital 580645109 MHP The McGraw-Hill 4/28/2004 Amend Omnibus Mgmt For For Yes
Appreciation Trust Companies, Inc. Stock Plan
Heritage Capital 580645109 MHP The McGraw-Hill 4/28/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Companies, Inc.
Heritage Capital 580645109 MHP The McGraw-Hill 4/28/2004 Submit Shareholder Against For Yes
Appreciation Trust Companies, Inc. Shareholder
Rights Plan
(Poison Pill) to
Shareholder Vote
Heritage Capital 887317105 TWX Time Warner Inc 5/21/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 887317105 TWX Time Warner Inc 5/21/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 887317105 TWX Time Warner Inc 5/21/2004 Adopt China Shareholder Against Against Yes
Appreciation Trust Principles
Heritage Capital 887317105 TWX Time Warner Inc 5/21/2004 Report on Pay Shareholder Against Against Yes
Appreciation Trust Disparity
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Communications
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director A. Mgmt Withhold Withhold No
Appreciation Trust Communications Jerrold Perenchio
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Fernando Aguirre
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Harold Gaba
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications Alan F. Horn
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications John G. Perenchio
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications Ray Rodriguez
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications McHenry T.
Inc. Tichenor, Jr.
Heritage Capital 914906102 UVN Univision 5/12/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Communications
Inc.
Heritage Capital 914906102 UVN Univision 5/12/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Communications Stock Plan
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Communications,
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications, Patrick F.
Inc. Brennan
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Kenneth V. Darish
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Seth Goldstein
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Barry P. Hoffman
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Walter H. Ku
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications, Robert L. Recchia
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications, Marcella A.
Inc. Sampson
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt For For Yes
Appreciation Trust Communications, Alan F. Schultz
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Communications, Faith Whittlesey
Inc.
Heritage Capital 918866104 VCI Valassis 5/11/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Communications,
Inc.
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust George S. Abrams
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust David R. Andelman
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust Joseph A.
Califano, Jr.
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust William S. Cohen
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Philippe P.
Dauman
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Alan C. Greenberg
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Mel Karmazin
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust Jan Leschly
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust David T.
McLaughlin
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Shari Redstone
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Sumner M.
Redstone
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Frederic V.
Salerno
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust William Schwartz
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust Patty Stonesifer
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Elect Director Mgmt For For Yes
Appreciation Trust Robert D. Walter
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Approve Omnibus Mgmt For For Yes
Appreciation Trust Stock Plan
Heritage Capital 925524308 VIA.B Viacom Inc. 5/19/2004 Amend Mgmt For For Yes
Appreciation Trust Non-Employee
Director Stock
Option Plan
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Inc.
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Approve Stock Mgmt For For Yes
Appreciation Trust Inc. Option Plan
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Approve Stock Mgmt For For Yes
Appreciation Trust Inc. Option Plan
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Amend Employee Mgmt For For Yes
Appreciation Trust Inc. Stock Purchase
Plan
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Inc.
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Separate Chairman Shareholder Against For Yes
Appreciation Trust Inc. and CEO Positions
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Prepare Shareholder Against For Yes
Appreciation Trust Inc. Sustainability
Report
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Report on Stock Shareholder Against For Yes
Appreciation Trust Inc. Option
Distribution by
Race and Gender
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Report on Shareholder Against Against Yes
Appreciation Trust Inc. Genetically
Modified
Organisms (GMO)
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Prepare Diversity Shareholder Against For Yes
Appreciation Trust Inc. Report
Heritage Capital 931142103 WMT Wal-Mart Stores, 6/4/2004 Submit Executive Shareholder Against For Yes
Appreciation Trust Inc. Compensation to
Vote
Heritage Capital 961815107 WON Westwood One, 5/13/2004 Elect Directors Mgmt For For Yes
Appreciation Trust Inc.
Heritage Capital 961815107 WON Westwood One, 5/13/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust Inc.
Heritage Capital 983024100 WYE Wyeth 4/22/2004 Elect Directors Mgmt For For Yes
Appreciation Trust
Heritage Capital 983024100 WYE Wyeth 4/22/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 983024100 WYE Wyeth 4/22/2004 Report on Drug Shareholder Against Against Yes
Appreciation Trust Pricing
Heritage Capital 983024100 WYE Wyeth 4/22/2004 Amend Animal Shareholder Against Against Yes
Appreciation Trust Testing Policy
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Directors Mgmt For Split Yes
Appreciation Trust Radio Holdings
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Gary M. Parsons
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Hugh Panero
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Nathaniel A.
Inc. Davis
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Thomas J. Donohue
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Radio Holdings Thomas G. Elliott
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings George W. Haywood
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Chester A. Huber,
Inc. Jr.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Jarl Mohn
Inc.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Pierce J.
Inc. Roberts, Jr.
Heritage Capital 983759101 XMSR XM Satellite 5/27/2004 Elect Director Mgmt For For Yes
Appreciation Trust Radio Holdings Jack Shaw
Inc.
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Directors Mgmt For Withhold No
Appreciation Trust
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Terry S. Semel
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Jerry Yang
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Roy J. Bostock
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Ronald W. Burkle
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Eric Hippeau
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Arthur H. Kern
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Robert A. Kotick
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Edward R. Kozel
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Elect Director Mgmt Withhold Withhold No
Appreciation Trust Gary L. Wilson
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Amend Employee Mgmt For For Yes
Appreciation Trust Stock Purchase
Plan
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Ratify Auditors Mgmt For For Yes
Appreciation Trust
Heritage Capital 984332106 YHOO Yahoo!, Inc. 5/21/2004 Expense Stock Shareholder Against For Yes
Appreciation Trust Options
</PRE>
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Heritage Capital Appreciation Trust
By
/s/ K. C. Clark
Executive Vice President
Principal Executive Officer
August 30, 2004