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