Blue Chip Value Fund N-PX Annual report of proxy voting record

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-05003 --------- BLUE CHIP VALUE FUND, INC. -------------------------------------------------- (Exact name of registrant as specified in charter) 1225 Seventeenth Street, 26th Floor Denver, CO 80202 --------------------------------------------------- (Address of principal executive offices) (Zip code) Michael P. Malloy, Drinker Biddle & Reath LLP, One Logan Square, Suite 2000, Philadelphia, PA 19103 ---------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 800-624-4190 ------------ Date of fiscal year end: December 31 ----------- Date of reporting period: July 1, 2010 - March 25, 2011 ----------------------------
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-05003
Reporting Period: 07/01/2010 - 03/25/2011
Blue Chip Value Fund, Inc.
============================= BLUE CHIP VALUE FUND =============================
ABBOTT LABORATORIES
Ticker: ABT                   Security ID:  002824100
Meeting Date: APR 29, 2011    Meeting Type: Annual
Record Date: MAR 2, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Robert J. Alpern	For	For	Management
1.2	Elect Director Roxanne S. Austin	For	For	Management
1.3	Elect Director W. James Farrell	For	For	Management
1.4	Elect Director H. Laurance Fuller	For	For	Management
1.5	Elect Director Edward M. Liddy	For	For	Management
1.6	Elect Director Phebe N. Novakovic	For	For	Management
1.7	Elect Director William A. Osborn	For	For	Management
1.8	Elect Director Samuel C. Scott III	For	For	Management
1.9	Elect Director Glenn F. Tilton	For	For	Management
1.10	Elect Director Miles D. White	For	For	Management
2	Ratify Auditors	For	For	Management
3	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
4	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
5	Adopt Policy on Pharmaceutical Price	Against	Against	Shareholder
	Restraint
AMGEN INC.
Ticker: AMGN                  Security ID:  031162100
Meeting Date: MAY 20, 2011    Meeting Type: Annual
Record Date: MAR 21, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director David Baltimore	For	For	Management
2	Elect Director Frank J. Biondi, Jr.	For	For	Management
3	Elect Director Francois De Carbonnel	For	For	Management
4	Elect Director Vance D. Coffman	For	For	Management
5	Elect Director Rebecca M. Henderson	For	For	Management
6	Elect Director Frank C. Herringer	For	For	Management

7	Elect Director Gilbert S. Omenn	For	For	Management
8	Elect Director Judith C. Pelham	For	For	Management
9	Elect Director J. Paul Reason	For	For	Management
10	Elect Director Leonard D. Schaeffer	For	For	Management
11	Elect Director Kevin W. Sharer	For	For	Management
12	Elect Director Ronald D. Sugar	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
16	Provide Right to Act by Written Consent	Against	For	Shareholder
BALL CORPORATION
Ticker: BLL                    Security ID:  058498106
Meeting Date: APR 27, 2011     Meeting Type: Annual
Record Date: MAR 1, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director John A. Hayes	For	Withhold	Management
1.2	Elect Director George M. Smart	For	Withhold	Management
1.3	Elect Director Theodore M. Solso	For	Withhold	Management
1.4	Elect Director Staurt A. Taylor II	For	Withhold	Management
2	Ratify Auditors	For	For	Management
3	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
4	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
5	Submit Shareholder Rights Plan (Poison	Against	For	Shareholder
	Pill) to Shareholder Vote
6	Reincorporate in Another State	Against	For	Shareholder
	[Delaware]
CAMPBELL SOUP COMPANY
Ticker: CPB                   Security ID:  134429109
Meeting Date: NOV 18, 2010    Meeting Type: Annual
Record Date: SEP 20, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Edmund M. Carpenter	For	For	Management
1.2	Elect Director Paul R. Charron	For	For	Management
1.3	Elect Director Douglas R. Conant	For	For	Management
1.4	Elect Director Bennett Dorrance	For	For	Management
1.5	Elect Director Harvey Golub	For	For	Management
1.6	Elect Director Lawrence C. Karlson	For	For	Management
1.7	Elect Director Randall W. Larrimore	For	For	Management
1.8	Elect Director Mary Alice D. Malone	For	For	Management
1.9	Elect Director Sara Mathew	For	For	Management
1.10	Elect Director Denise M. Morrison	For	For	Management
1.11	Elect Director William D. Perez	For	For	Management
1.12	Elect Director Charles R. Perrin	For	For	Management

1.13	Elect Director A. Barry Rand	For	For	Management
1.14	Elect Director Nick Shreiber	For	For	Management
1.15	Elect Director Archbold D. Van Beuren	For	For	Management
1.16	Elect Director Les C. Vinney	For	For	Management
1.17	Elect Director Charlotte C. Weber	For	For	Management
2	Ratify Auditors	For	For	Management
3	Amend Omnibus Stock Plan	For	For	Management
CHUBB CORPORATION, THE
Ticker: CB                    Security ID:  171232101
Meeting Date: APR 26, 2011    Meeting Type: Annual
Record Date: MAR 4, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Zoe Baird	For	For	Management
2	Elect Director Sheila P. Burke	For	For	Management
3	Elect Director James I. Cash, Jr.	For	For	Management
4	Elect Director John D. Finnegan	For	For	Management
5	Elect Director Lawrence W. Kellner	For	For	Management
6	Elect Director Martin G. McGuinn	For	For	Management
7	Elect Director Lawrence M. Small	For	For	Management
8	Elect Director Jess Soderberg	For	For	Management
9	Elect Director Daniel E. Somers	For	For	Management
10	Elect Director James M. Zimmerman	For	For	Management
11	Elect Director Alfred W. Zollar	For	For	Management
12	Approve Executive Incentive Bonus Plan	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	Three	One Year	Management
		Years
CISCO SYSTEMS, INC.
Ticker: CSCO                  Security ID:  17275R102
Meeting Date: NOV 18, 2010    Meeting Type: Annual
Record Date: SEP 20, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Carol A. Bartz	For	For	Management
2	Elect Director M. Michele Burns	For	For	Management
3	Elect Director Michael D. Capellas	For	For	Management
4	Elect Director Larry R. Carter	For	For	Management
5	Elect Director John T. Chambers	For	For	Management
6	Elect Director Brian L. Halla	For	For	Management
7	Elect Director John L. Hennessy	For	For	Management
8	Elect Director Richard M. Kovacevich	For	For	Management
9	Elect Director Roderick C. Mcgeary	For	For	Management
10	Elect Director Michael K. Powell	For	For	Management
11	Elect Director Arun Sarin	For	For	Management

12	Elect Director Steven M. West	For	For	Management
13	Elect Director Jerry Yang	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Ratify Auditors	For	For	Management
16	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Environmental
	Sustainability
17	Report on Internet Fragmentation	Against	For	Shareholder
18	Adopt Policy Prohibiting Sale of	Against	Against	Shareholder
	Products in China if they Contribute to
	Human Rights Abuses
COLGATE-PALMOLIVE COMPANY
Ticker: CL                       Security ID:  194162103
Meeting Date: MAY 6, 2011        Meeting Type: Annual
Record Date: MAR 7, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director John T. Cahill	For	For	Management
2	Elect Director Ian Cook	For	For	Management
3	Elect Director Helene D. Gayle	For	For	Management
4	Elect Director Ellen M. Hancock	For	For	Management
5	Elect Director Joseph Jimenez	For	For	Management
6	Elect Director Richard J. Kogan	For	For	Management
7	Elect Director Delano E. Lewis	For	For	Management
8	Elect Director J. Pedro Reinhard	For	For	Management
9	Elect Director Stephen I. Sadove	For	For	Management
10	Ratify Auditors	For	For	Management
11	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
12	Advisory Vote on Say on Pay Frequency	Two Years	One Year	Management
13	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
COMPUTER SCIENCES CORPORATION
Ticker: CSC                   Security ID:  205363104
Meeting Date: AUG 9, 2010     Meeting Type: Annual
Record Date: JUN 14, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Irving W. Bailey, II	For	Withhold	Management
1.2	Elect Director David J. Barram	For	For	Management
1.3	Elect Director Stephen L. Baum	For	For	Management
1.4	Elect Director Rodney F. Chase	For	For	Management
1.5	Elect Director Judith R. Haberkorn	For	Withhold	Management
1.6	Elect Director Michael W. Laphen	For	For	Management
1.7	Elect Director F. Warren McFarlan	For	Withhold	Management
1.8	Elect Director Chong Sup Park	For	Withhold	Management

1.9	Elect Director Thomas H. Patrick	For	For	Management
2	Eliminate Cumulative Voting	For	For	Management
3	Adopt Majority Voting for Uncontested	For	For	Management
	Election of Directors
4	Approve Non-Employee Director	For	For	Management
	Restricted Stock Plan
5	Ratify Auditors	For	For	Management
DARDEN RESTAURANTS, INC.
Ticker: DRI                   Security ID:  237194105
Meeting Date: SEP 14, 2010    Meeting Type: Annual
Record Date: JUL 21, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Leonard L. Berry	For	For	Management
1.2	Elect Director Odie C. Donald	For	For	Management
1.3	Elect Director Christopher J. Fraleigh	For	For	Management
1.4	Elect Director Victoria D. Harker	For	For	Management
1.5	Elect Director David H. Hughes	For	For	Management
1.6	Elect Director Charles A. Ledsinger Jr	For	For	Management
1.7	Elect Director William M. Lewis, Jr.	For	For	Management
1.8	Elect Director Senator Connie Mack, III	For	For	Management
1.9	Elect Director Andrew H. Madsen	For	For	Management
1.10	Elect Director Clarence Otis, Jr.	For	For	Management
1.11	Elect Director Michael D. Rose	For	For	Management
1.12	Elect Director Maria A. Sastre	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Ratify Auditors	For	For	Management
DELL INC.
Ticker: DELL                  Security ID:  24702R101
Meeting Date: AUG 12, 2010    Meeting Type: Annual
Record Date: MAY 21, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director James W. Breyer	For	For	Management
1.2	Elect Director Donald J. Carty	For	Withhold	Management
1.3	Elect Director Michael S. Dell	For	Withhold	Management
1.4	Elect Director William H. Gray, III	For	Withhold	Management
1.5	Elect Director Judy C. Lewent	For	For	Management
1.6	Elect Director Thomas W. Luce, III	For	Withhold	Management
1.7	Elect Director Klaus S. Luft	For	For	Management
1.8	Elect Director Alex J. Mandl	For	For	Management
1.9	Elect Director Shantanu Narayen	For	For	Management
1.10	Elect Director Sam Nunn	For	Withhold	Management
1.11	Elect Director H. Ross Perot, Jr.	For	For	Management
2	Ratify Auditors	For	For	Management
3	Reduce Supermajority Vote Requirement	For	For	Management
4	Reimburse Proxy Contest Expenses	Against	For	Shareholder

5	Advisory Vote to Ratify Named Executive	Against	For	Shareholder
	Officers' Compensation
DOMINION RESOURCES, INC.
Ticker: D                       Security ID:  25746U109
Meeting Date: MAY 12, 2011      Meeting Type: Annual
Record Date: MAR 4, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director William P. Barr	For	For	Management
2	Elect Director Peter W. Brown	For	For	Management
3	Elect Director George A. Davidson, Jr.	For	For	Management
4	Elect Director Helen E. Dragas	For	For	Management
5	Elect Director Thomas F. Farrell II	For	For	Management
6	Elect Director John W. Harris	For	Against	Management
7	Elect Director Robert S. Jepson, Jr.	For	For	Management
8	Elect Director Mark J. Kington	For	For	Management
9	Elect Director Margaret A. McKenna	For	For	Management
10	Elect Director Frank S. Royal	For	For	Management
11	Elect Director Robert H. Spilman, Jr.	For	For	Management
12	Elect Director David A. Wollard	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
16	Report on Coal Use from Mountaintop	Against	Against	Shareholder
	Removal Mining
17	Adopt Renewable Energy Production Goal	Against	Against	Shareholder
18	Report on Financial Risks of Coal	Against	Against	Shareholder
	Reliance
19	Invest in Renewable Energy and Stop	Against	Against	Shareholder
	Construction of Nuclear Reactor
20	Require Independent Board Chairman	Against	For	Shareholder
21	Provide Right to Act by Written Consent	Against	For	Shareholder
22	Submit SERP to Shareholder Vote	Against	For	Shareholder
DR PEPPER SNAPPLE GROUP, INC.
Ticker: DPS                    Security ID:  26138E109
Meeting Date: MAY 19, 2011     Meeting Type: Annual
Record Date: MAR 21, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Joyce M. Roche	For	For	Management
2	Elect Director Wayne R. Sanders	For	For	Management
3	Elect Director Jack L. Stahl	For	For	Management
4	Elect Director Larry D. Young	For	For	Management
5	Ratify Auditors	For	For	Management
6	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation

7	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
ECOLAB INC.
Ticker: ECL                        Security ID:  278865100
Meeting Date: MAY 5, 2011          Meeting Type: Annual
Record Date: MAR 8, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Douglas M. Baker, Jr.	For	For	Management
2	Elect Director Barbara J. Beck	For	For	Management
3	Elect Director Jerry W. Levin	For	For	Management
4	Elect Director Robert L. Lumpkins	For	For	Management
5	Ratify Auditors	For	For	Management
6	Amend Nonqualified Employee Stock	For	For	Management
	Purchase Plan
7	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
8	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
9	Adopt Policy on Human Right to Water	Against	Against	Shareholder
10	Reduce Supermajority Vote Requirement	Against	For	Shareholder
EDISON INTERNATIONAL
Ticker: EIX                       Security ID:  281020107
Meeting Date: APR 28, 2011        Meeting Type: Annual
Record Date: MAR 2, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Jagjeet S. Bindra	For	For	Management
2	Elect Director Vanessa C.L. Chang	For	For	Management
3	Elect Director France A. Cordova	For	For	Management
4	Elect Director Theodore F. Craver, Jr.	For	For	Management
5	Elect Director Charles B. Curtis	For	For	Management
6	Elect Director Bradford M. Freeman	For	For	Management
7	Elect Director Luis G. Nogales	For	For	Management
8	Elect Director Ronald L. Olson	For	For	Management
9	Elect Director James M. Rosser	For	For	Management
10	Elect Director Richard T. Schlosberg,	For	For	Management
	III
11	Elect Director Thomas C. Sutton	For	For	Management
12	Elect Director Brett White	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
16	Amend Omnibus Stock Plan	For	For	Management

EXELON CORPORATION
Ticker: EXC                      Security ID:  30161N101
Meeting Date: MAY 3, 2011        Meeting Type: Annual
Record Date: MAR 4, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director John A. Canning, Jr.	For	For	Management
2	Elect Director M. Walter D Alessio	For	For	Management
3	Elect Director Nicholas Debenedictis	For	For	Management
4	Elect Director Nelson A. Diaz	For	For	Management
5	Elect Director Sue L. Gin	For	For	Management
6	Elect Director Rosemarie B. Greco	For	For	Management
7	Elect Director Paul L. Joskow	For	For	Management
8	Elect Director Richard W. Mies	For	For	Management
9	Elect Director John M. Palms	For	For	Management
10	Elect Director William C. Richardson	For	For	Management
11	Elect Director Thomas J. Ridge	For	For	Management
12	Elect Director John W. Rogers, Jr.	For	For	Management
13	Elect Director John W. Rowe	For	For	Management
14	Elect Director Stephen D. Steinour	For	For	Management
15	Elect Director Don Thompson	For	For	Management
16	Ratify Auditors	For	For	Management
17	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
18	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
FOREST LABORATORIES, INC.
Ticker: FRX                     Security ID:  345838106
Meeting Date: AUG 9, 2010       Meeting Type: Annual
Record Date: JUN 18, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Howard Solomon	For	For	Management
1.2	Elect Director Lawrence S. Olanoff	For	For	Management
1.3	Elect Director Nesli Basgoz	For	For	Management
1.4	Elect Director William J. Candee	For	For	Management
1.5	Elect Director George S. Cohan	For	For	Management
1.6	Elect Director Dan L. Goldwasser	For	For	Management
1.7	Elect Director Kenneth E. Goodman	For	For	Management
1.8	Elect Director Lester B. Salans	For	For	Management
1.9	Elect Director Peter J. Zimetbaum	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
4	Ratify Auditors	For	For	Management
5	Reimburse Proxy Contest Expenses	Against	For	Shareholder

GENERAL DYNAMICS CORPORATION

Ticker: GD                      Security ID:  369550108
Meeting Date: MAY 4, 2011       Meeting Type: Annual
Record Date: MAR 7, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Mary T. Barra	For	For	Management
2	Elect Director Nicholas D. Chabraja	For	For	Management
3	Elect Director James S. Crown	For	For	Management
4	Elect Director William P. Fricks	For	For	Management
5	Elect Director Jay L. Johnson	For	For	Management
6	Elect Director George A. Joulwan	For	For	Management
7	Elect Director Paul G. Kaminski	For	For	Management
8	Elect Director John M. Keane	For	For	Management
9	Elect Director Lester L. Lyles	For	For	Management
10	Elect Director William A. Osborn	For	For	Management
11	Elect Director Robert Walmsley	For	For	Management
12	Ratify Auditors	For	For	Management
13	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
14	Advisory Vote on Say on Pay Frequency	Three	One Year	Management
		Years
15	Review and Assess Human Rights Policies	Against	For	Shareholder
16	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
GOLDMAN SACHS GROUP, INC., THE
Ticker: GS                     Security ID:  38141G104
Meeting Date: MAY 6, 2011      Meeting Type: Annual
Record Date: MAR 7, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Lloyd C. Blankfein	For	For	Management
2	Elect Director John H. Bryan	For	For	Management
3	Elect Director Gary D. Cohn	For	For	Management
4	Elect Director Claes Dahlback	For	For	Management
5	Elect Director Stephen Friedman	For	For	Management
6	Elect Director William W. George	For	For	Management
7	Elect Director James A. Johnson	For	For	Management
8	Elect Director Lois D. Juliber	For	For	Management
9	Elect Director Lakshmi N. Mittal	For	For	Management
10	Elect Director James J. Schiro	For	For	Management
11	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
12	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
13	Ratify Auditors	For	For	Management
14	Provide for Cumulative Voting	Against	For	Shareholder
15	Amend Bylaws-- Call Special Meetings	Against	For	Shareholder
16	Stock Retention/Holding Period	Against	For	Shareholder
17	Review Executive Compensation	Against	Against	Shareholder
18	Report on Climate Change Business Risks	Against	Against	Shareholder
19	Report on Political Contributions	Against	Against	Shareholder

INTEL CORPORATION
Ticker: INTC                     Security ID:  458140100
Meeting Date: MAY 19, 2011       Meeting Type: Annual
Record Date: MAR 21, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Charlene Barshefsky	For	For	Management
2	Elect Director Susan L. Decker	For	For	Management
3	Elect Director John J. Donahoe	For	For	Management
4	Elect Director Reed E. Hundt	For	For	Management
5	Elect Director Paul S. Otellini	For	For	Management
6	Elect Director James D. Plummer	For	For	Management
7	Elect Director David S. Pottruck	For	For	Management
8	Elect Director Jane E. Shaw	For	For	Management
9	Elect Director Frank D. Yeary	For	For	Management
10	Elect Director David B. Yoffie	For	For	Management
11	Ratify Auditors	For	For	Management
12	Amend Omnibus Stock Plan	For	For	Management
13	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	None	One Year	Management
INTERNATIONAL BUSINESS MACHINES CORPORATION
Ticker: IBM                     Security ID:  459200101
Meeting Date: APR 26, 2011      Meeting Type: Annual
Record Date: FEB 25, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director A. J. P. Belda	For	For	Management
2	Elect Director W. R. Brody	For	For	Management
3	Elect Director K. I. Chenault	For	For	Management
4	Elect Director M. L. Eskew	For	For	Management
5	Elect Director S. A. Jackson	For	For	Management
6	Elect Director A. N. Liveris	For	For	Management
7	Elect Director W. J. McNerney, Jr.	For	For	Management
8	Elect Director J. W. Owens	For	For	Management
9	Elect Director S. J. Palmisano	For	For	Management
10	Elect Director J. E. Spero	For	For	Management
11	Elect Director S. Taurel	For	For	Management
12	Elect Director L. H. Zambrano	For	For	Management
13	Ratify Auditors	For	For	Management
14	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
15	Advisory Vote on Say on Pay Frequency	Three	One Year	Management
		Years
16	Provide for Cumulative Voting	Against	For	Shareholder
17	Report on Political Contributions	Against	For	Shareholder
18	Report on Lobbying Expenses	Against	For	Shareholder

INTERNATIONAL PAPER COMPANY
Ticker: IP                        Security ID:  460146103
Meeting Date: MAY 9, 2011         Meeting Type: Annual
Record Date: MAR 15, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Directors David J. Bronczek	For	For	Management
2	Elect Director Ahmet C. Dorduncu	For	For	Management
3	Elect Directors Lynn Laverty Elsenhans	For	For	Management
4	Elect Directors John V. Faraci	For	For	Management
5	Elect Director Samir G. Gibara	For	For	Management
6	Elect Directors Stacey J. Mobley	For	For	Management
7	Elect Directors John L. Townsend, III	For	For	Management
8	Elect Director John F. Turner	For	For	Management
9	Elect Directors William G. Walter	For	For	Management
10	Elect Directors Alberto Weisser	For	For	Management
11	Elect Directors J. Steven Whisler	For	For	Management
12	Ratify Auditors	For	For	Management
13	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
14	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
15	Provide Right to Act by Written Consent	Against	For	Shareholder
ITT CORPORATION
Ticker: ITT                       Security ID:  450911102
Meeting Date: MAY 10, 2011        Meeting Type: Annual
Record Date: MAR 16, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Steven R. Loranger	For	For	Management
1.2	Elect Director Curtis J. Crawford	For	For	Management
1.3	Elect Director Christina A. Gold	For	For	Management
1.4	Elect Director Ralph F. Hake	For	For	Management
1.5	Elect Director John J. Hamre	For	For	Management
1.6	Elect Director Paul J. Kern	For	For	Management
1.7	Elect Director Frank T. MacInnis	For	For	Management
1.8	Elect Director Surya N. Mohapatra	For	For	Management
1.9	Elect Director Linda S. Sanford	For	For	Management
1.10	Elect Director Markos I. Tambakeras	For	For	Management
2	Ratify Auditors	For	For	Management
3	Approve Omnibus Stock Plan	For	For	Management
4	Provide Right to Call Special Meeting	For	For	Management
5	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
6	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
7	Amend Human Rights Policies	Against	Against	Shareholder

JPMORGAN CHASE & CO.
Ticker: JPM                          Security ID:  46625H100
Meeting Date: MAY 17, 2011           Meeting Type: Annual
Record Date: MAR 18, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Crandall C. Bowles	For	For	Management
2	Elect Director Stephen B. Burke	For	For	Management
3	Elect Director David M. Cote	For	For	Management
4	Elect Director James S. Crown	For	For	Management
5	Elect Director James Dimon	For	For	Management
6	Elect Director Ellen V. Futter	For	For	Management
7	Elect Director William H. Gray, III	For	For	Management
8	Elect Director Laban P. Jackson, Jr.	For	For	Management
9	Elect Director David C. Novak	For	For	Management
10	Elect Director Lee R. Raymond	For	For	Management
11	Elect Director William C. Weldon	For	For	Management
12	Ratify Auditors	For	For	Management
13	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
14	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
15	Amend Omnibus Stock Plan	For	Against	Management
16	Affirm Political Non-Partisanship	Against	Against	Shareholder
17	Provide Right to Act by Written Consent	Against	For	Shareholder
18	Report on Restoring Trust and	Against	Against	Shareholder
	Confidence in the Financial System
19	Report on Political Contributions	Against	For	Shareholder
20	Institute Procedures to Prevent	Against	Against	Shareholder
	Investments in Companies that
	Contribute to Genocide or Crimes
	Against Humanity
21	Require Independent Board Chairman	Against	Against	Shareholder
MACY'S, INC.
Ticker: M                         Security ID:  55616P104
Meeting Date: MAY 20, 2011        Meeting Type: Annual
Record Date: MAR 25, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Stephen F. Bollenbach	For	For	Management
1.2	Elect Director Deirdre P. Connelly	For	For	Management
1.3	Elect Director Meyer Feldberg	For	For	Management
1.4	Elect Director Sara Levinson	For	For	Management
1.5	Elect Director Terry J. Lundgren	For	For	Management
1.6	Elect Director Joseph Neubauer	For	For	Management
1.7	Elect Director Joseph A. Pichler	For	For	Management
1.8	Elect Director Joyce M. Roche	For	For	Management
1.9	Elect Director Craig E. Weatherup	For	For	Management
1.10	Elect Director Marna C. Whittington	For	For	Management
2	Ratify Auditors	For	For	Management

3	Adopt Majority Voting for Uncontested	For	For	Management
	Election of Directors
4	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
5	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
MARATHON OIL CORPORATION
Ticker: MRO                        Security ID:  565849106
Meeting Date: APR 27, 2011         Meeting Type: Annual
Record Date: FEB 28, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Gregory H. Boyce	For	Against	Management
2	Elect Director Pierre Brondeau	For	For	Management
3	Elect Director Clarence P. Cazalot, Jr.	For	Against	Management
4	Elect Director David A. Daberko	For	Against	Management
5	Elect Director William L. Davis	For	Against	Management
6	Elect Director Shirley Ann Jackson	For	Against	Management
7	Elect Director Philip Lader	For	Against	Management
8	Elect Director Charles R. Lee	For	Against	Management
9	Elect Director Michael E. J. Phelps	For	Against	Management
10	Elect Director Dennis H. Reilley	For	Against	Management
11	Elect Director Seth E. Schofield	For	Against	Management
12	Elect Director John W. Snow	For	Against	Management
13	Elect Director Thomas J. Usher	For	Against	Management
14	Ratify Auditors	For	For	Management
15	Provide Right to Call Special Meeting	For	Against	Management
16	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
17	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
18	Report on Accident Risk Reduction	Against	Against	Shareholder
	Efforts
MATTEL, INC.
Ticker: MAT                         Security ID:  577081102
Meeting Date: MAY 13, 2011          Meeting Type: Annual
Record Date: MAR 18, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Michael J. Dolan	For	For	Management
2	Elect Director Robert A. Eckert	For	For	Management
3	Elect Director Frances D. Fergusson	For	For	Management
4	Elect Director Tully M. Friedman	For	For	Management
5	Elect Director Dominic Ng	For	For	Management
6	Elect Director Vasant M. Prabhu	For	For	Management
7	Elect Director Andrea L. Rich	For	For	Management
8	Elect Director Dean A. Scarborough	For	For	Management
9	Elect Director Christopher A. Sinclair	For	For	Management
10	Elect Director G. Craig Sullivan	For	For	Management

11	Elect Director Kathy Brittain White	For	For	Management
12	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
13	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
14	Provide Right to Call Special Meeting	For	Against	Management
15	Ratify Auditors	For	For	Management
MICROSOFT CORPORATION
Ticker: MSFT                         Security ID:  594918104
Meeting Date: NOV 16, 2010           Meeting Type: Annual
Record Date: SEP 3, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Steven A. Ballmer	For	For	Management
2	Elect Director Dina Dublon	For	For	Management
3	Elect Director William H. Gates III	For	For	Management
4	Elect Director Raymond V. Gilmartin	For	For	Management
5	Elect Director Reed Hastings	For	For	Management
6	Elect Director Maria M. Klawe	For	For	Management
7	Elect Director David F. Marquardt	For	For	Management
8	Elect Director Charles H. Noski	For	For	Management
9	Elect Director Helmut Panke	For	For	Management
10	Ratify Auditors	For	For	Management
11	Amend Bylaws to Establish a Board	Against	Against	Shareholder
	Committee on Environmental
	Sustainability
NIKE, INC.
Ticker: NKE                        Security ID:  654106103
Meeting Date: SEP 20, 2010         Meeting Type: Annual
Record Date: JUL 26, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Jill K. Conway	For	For	Management
1.2	Elect Director Alan B. Graf, Jr.	For	For	Management
1.3	Elect Director John C. Lechleiter	For	For	Management
1.4	Elect Director Phyllis M. Wise	For	For	Management
2	Amend Executive Incentive Bonus Plan	For	For	Management
3	Amend Omnibus Stock Plan	For	For	Management
4	Ratify Auditors	For	For	Management
NORFOLK SOUTHERN CORPORATION
Ticker: NSC                       Security ID:  655844108
Meeting Date: MAY 12, 2011        Meeting Type: Annual
Record Date: MAR 4, 2011

#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Gerald L. Baliles	For	For	Management
2	Elect Director Erskine B. Bowles	For	For	Management
3	Elect Director Karen N. Horn	For	For	Management
4	Elect Director J. Paul Reason	For	For	Management
5	Ratify Auditors	For	For	Management
6	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
7	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
OCCIDENTAL PETROLEUM CORPORATION
Ticker: OXY                      Security ID:  674599105
Meeting Date: MAY 6, 2011        Meeting Type: Annual
Record Date: MAR 15, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Spencer Abraham	For	For	Management
2	Elect Director Howard I. Atkins	For	For	Management
3	Elect Director Stephen I. Chazen	For	For	Management
4	Elect Director Edward P. Djerejian	For	Against	Management
5	Elect Director John E. Feick	For	For	Management
6	Elect Director Margaret M. Foran	For	For	Management
7	Elect Director Carlos M. Gutierrez	For	For	Management
8	Elect Director Ray R. Irani	For	Against	Management
9	Elect Director Avedick B. Poladian	For	For	Management
10	Elect Director Rodolfo Segovia	For	Against	Management
11	Elect Director Aziz D. Syriani	For	Against	Management
12	Elect Director Rosemary Tomich	For	Against	Management
13	Elect Director Walter L. Weisman	For	Against	Management
14	Ratify Auditors	For	For	Management
15	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
16	Advisory Vote on Say on Pay Frequency	None	One Year	Management
17	Review Political Expenditures and	Against	For	Shareholder
	Processes
18	Request Director Nominee with	Against	Against	Shareholder
	Environmental Qualifications
PFIZER INC.
Ticker: PFE                     Security ID:  717081103
Meeting Date: APR 28, 2011      Meeting Type: Annual
Record Date: MAR 1, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Dennis A. Ausiello	For	For	Management
2	Elect Director Michael S. Brown	For	For	Management
3	Elect Director M. Anthony Burns	For	For	Management
4	Elect Director W. Don Cornwell	For	For	Management

5	Elect Director Frances D. Fergusson	For	For	Management
6	Elect Director William H. Gray III	For	For	Management
7	Elect Director Constance J. Horner	For	For	Management
8	Elect Director James M. Kilts	For	For	Management
9	Elect Director George A. Lorch	For	For	Management
10	Elect Director John P. Mascotte	For	For	Management
11	Elect Director Suzanne Nora Johnson	For	For	Management
12	Elect Director Ian C. Read	For	For	Management
13	Elect Director Stephen W. Sanger	For	For	Management
14	Ratify Auditors	For	For	Management
15	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
16	Advisory Vote on Say on Pay Frequency	Two Years	One Year	Management
17	Publish Political Contributions	Against	Against	Shareholder
18	Report on Public Policy Advocacy	Against	Against	Shareholder
	Process
19	Adopt Policy to Restrain Pharmaceutical	Against	Against	Shareholder
	Price Increases
20	Provide Right to Act by Written Consent	Against	For	Shareholder
21	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
22	Report on Animal Testing and Plans for	Against	Against	Shareholder
	Reduction
PNC FINANCIAL SERVICES GROUP, INC., THE
Ticker: PNC                     Security ID:  693475105
Meeting Date: APR 26, 2011      Meeting Type: Annual
Record Date: FEB 11, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Richard O. Berndt	For	For	Management
2	Elect Director Charles E. Bunch	For	For	Management
3	Elect Director Paul W. Chellgren	For	For	Management
4	Elect Director Kay Coles James	For	For	Management
5	Elect Director Richard B. Kelson	For	Against	Management
6	Elect Director Bruce C. Lindsay	For	For	Management
7	Elect Director Anthony A. Massaro	For	For	Management
8	Elect Director Jane G. Pepper	For	For	Management
9	Elect Director James E. Rohr	For	For	Management
10	Elect Director Donald J. Shepard	For	For	Management
11	Elect Director Lorene K. Steffes	For	For	Management
12	Elect Director Dennis F. Strigl	For	For	Management
13	Elect Director Thomas J. Usher	For	For	Management
14	Elect Director George H. Walls, Jr.	For	For	Management
15	Elect Director Helge H. Wehmeier	For	For	Management
16	Ratify Auditors	For	For	Management
17	Amend Omnibus Stock Plan	For	For	Management
18	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
19	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Ticker: PEG                       Security ID:  744573106
Meeting Date: APR 19, 2011        Meeting Type: Annual
Record Date: FEB 18, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Albert R. Gamper, Jr.	For	For	Management
2	Elect Director Conrad K. Harper	For	For	Management
3	Elect Director William V. Hickey	For	For	Management
4	Elect Director Ralph Izzo	For	For	Management
5	Elect Director Shirley Ann Jackson	For	For	Management
6	Elect Director David Lilley	For	For	Management
7	Elect Director Thomas A. Renyi	For	For	Management
8	Elect Director Hak Cheol Shin	For	For	Management
9	Elect Director Richard J. Swift	For	For	Management
10	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
11	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
12	Ratify Auditors	For	For	Management
QUALCOMM INCORPORATED
Ticker: QCOM                 Security ID:  747525103
Meeting Date: MAR 8, 2011    Meeting Type: Annual
Record Date: JAN 10, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Barbara T. Alexander	For	For	Management
1.2	Elect Director Stephen M. Bennett	For	For	Management
1.3	Elect Director Donald G. Cruickshank	For	For	Management
1.4	Elect Director Raymond V. Dittamore	For	For	Management
1.5	Elect Director Thomas W. Horton	For	For	Management
1.6	Elect Director Irwin Mark Jacobs	For	For	Management
1.7	Elect Director Paul E. Jacobs	For	For	Management
1.8	Elect Director Robert E. Kahn	For	For	Management
1.9	Elect Director Sherry Lansing	For	For	Management
1.10	Elect Director Duane A. Nelles	For	For	Management
1.11	Elect Director Francisco Ros	For	For	Management
1.12	Elect Director Brent Scowcroft	For	For	Management
1.13	Elect Director Marc I. Stern	For	For	Management
2	Amend Omnibus Stock Plan	For	For	Management
3	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan
4	Ratify Auditors	For	For	Management
5	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
6	Advisory Vote on Say on Pay Frequency	Three	One Year	Management
		Years
7	Require a Majority Vote for the	Against	For	Shareholder
	Election of Directors

QUANTA SERVICES, INC.
Ticker: PWR                    Security ID:  74762E102
Meeting Date: MAY 19, 2011     Meeting Type: Annual
Record Date: MAR 21, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director James R. Ball	For	For	Management
2	Elect Director John R. Colson	For	For	Management
3	Elect Director J. Michal Conaway	For	For	Management
4	Elect Director Ralph R. DiSibio	For	For	Management
5	Elect Director Bernard Fried	For	For	Management
6	Elect Director Louis C. Golm	For	For	Management
7	Elect Director Worthing F. Jackman	For	For	Management
8	Elect Director James F. O'Neil III	For	For	Management
9	Elect Director Bruce Ranck	For	For	Management
10	Elect Director Pat Wood, III	For	For	Management
11	Increase Authorized Common Stock	For	For	Management
12	Approve Conversion of Securities	For	For	Management
13	Eliminate Provision Stating Directors	For	For	Management
	May Only Be Removed for Cause
14	Amend Director/Officer Liability and	For	For	Management
	Indemnification
15	Amend Quorum Requirements	For	Against	Management
16	Approve Preferred Stock Amendment	For	Against	Management
17	Approve Omnibus Stock Plan	For	For	Management
18	Ratify Auditors	For	For	Management
19	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
20	Advisory Vote on Say on Pay Frequency	Three	One Year	Management
		Years
SUNTRUST BANKS, INC.
Ticker: STI                   Security ID:  867914103
Meeting Date: APR 26, 2011    Meeting Type: Annual
Record Date: FEB 16, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Robert M. Beall, II	For	For	Management
2	Elect Director Alston D. Correll	For	For	Management
3	Elect Director Jeffrey C. Crowe	For	For	Management
4	Elect Director Blake P. Garrett, Jr.	For	For	Management
5	Elect Director David H. Hughes	For	For	Management
6	Elect Director M. Douglas Ivester	For	For	Management
7	Elect Director J. Hicks Lanier	For	For	Management
8	Elect Director Kyle Prechtl Legg	For	For	Management
9	Elect Director William A. Linnenbringer	For	For	Management
10	Elect Director G. Gilmer Minor, III	For	For	Management
11	Elect Director Frank S. Royal	For	For	Management
12	Elect Director Thomas R. Watjen	For	For	Management
13	Elect Director James M. Wells, III	For	For	Management

14	Elect Director Phail Wynn, Jr.	For	For	Management
15	Amend Omnibus Stock Plan	For	For	Management
16	Ratify Auditors	For	For	Management
17	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
18	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
19	Prepare Sustainability Report	Against	For	Shareholder
SYMANTEC CORPORATION
Ticker: SYMC                  Security ID:  871503108
Meeting Date: SEP 20, 2010    Meeting Type: Annual
Record Date: JUL 26, 2010
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Stephen M. Bennett	For	For	Management
2	Elect Director Michael A. Brown	For	For	Management
3	Elect Director William T. Coleman, III	For	For	Management
4	Elect Director Frank E. Dangeard	For	For	Management
5	Elect Director Geraldine B. Laybourne	For	For	Management
6	Elect Director David L. Mahoney	For	For	Management
7	Elect Director Robert S. Miller	For	For	Management
8	Elect Director Enrique Salem	For	For	Management
9	Elect Director Daniel H. Schulman	For	For	Management
10	Elect Director John W. Thompson	For	For	Management
11	Elect Director V. Paul Unruh	For	For	Management
12	Ratify Auditors	For	For	Management
13	Amend Omnibus Stock Plan	For	For	Management
14	Amend Qualified Employee Stock Purchase	For	For	Management
	Plan
UNILEVER NV
Ticker:                           Security ID:  904784709
Meeting Date: MAY 12, 2011        Meeting Type: Annual
Record Date: MAR 21, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Receive Report of Management Board	None		Management
	(Non-Voting)
2	Approve Financial Statements and	For	For	Management
	Allocation of Income
3	Approve Discharge of Executive Board	For	For	Management
	Members
4	Approve Discharge of Non-Executive	For	For	Management
	Board Members
5	Reelect P.G.J.M. Polman as CEO to Board	For	For	Management
	of Directors
6	Relect R.J.M.S. Huet as CFO to Board of	For	For	Management
	Directors
7	Reelect L.O. Fresco to Board of	For	For	Management

	Directors
8	Reelect A.M. Fudge to Board of	For	For	Management
	Directors
9	Reelect C.E. Golden to Board of	For	For	Management
	Directors
10	Reelect B.E. Grote to Board of	For	For	Management
	Directors
11	Reelect H. Nyasulu to Board of	For	For	Management
	Directors
12	Reelect M. Rifkind to Board of	For	For	Management
	Directors
13	Reelect K.J. Storm to Board of	For	For	Management
	Directors
14	Reelect M. Treschow to Board of	For	For	Management
	Directors
15	Reelect P.S. Walsh to Board of	For	For	Management
	Directors
16	Elect S. Bharti Mittal to Board of	For	For	Management
	Directors
17	Authorize Repurchase of Up to 10	For	For	Management
	Percent of Issued Share Capital
18	Approve Authorization to Cancel	For	For	Management
	Ordinary Shares
19	Grant Board Authority to Issue Shares	For	For	Management
	Up To10 Percent of Issued Capital Plus
	Additional 10 Percent in Case of
	Takeover/Merger and
	Restricting/Excluding Preemptive Rights
20	Ratify PricewaterhouseCoopers as	For	For	Management
	Auditors
21	Allow Questions and Close Meeting	None		Management
UNION PACIFIC CORPORATION
Ticker: UNP                       Security ID:  907818108
Meeting Date: MAY 5, 2011         Meeting Type: Annual
Record Date: FEB 28, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Andrew H. Card, Jr.	For	For	Management
1.2	Elect Director Erroll B. Davis, Jr.	For	For	Management
1.3	Elect Director Thomas J. Donohue	For	For	Management
1.4	Elect Director Archie W. Dunham	For	For	Management
1.5	Elect Director Judith Richards Hope	For	For	Management
1.6	Elect Director Charles C. Krulak	For	For	Management
1.7	Elect Director Michael R. McCarthy	For	For	Management
1.8	Elect Director Michael W. McConnell	For	For	Management
1.9	Elect Director Thomas F. McLarty III	For	For	Management
1.10	Elect Director Steven R. Rogel	For	For	Management
1.11	Elect Director Jose H. Villarreal	For	For	Management
1.12	Elect Director James R. Young	For	For	Management
2	Ratify Auditors	For	For	Management
3	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation

4	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
5a	Reduce Supermajority Vote Requirement	For	For	Management
	Relating to Preference Rights of
	Preferred Stock
5b	Reduce Supermajority Vote Requirement	For	For	Management
	Relating to Removal of Directors
5c	Reduce Supermajority Vote Requirement	For	For	Management
	Relating to Amendments to Authorized
	Capital Stock
6	Require Independent Board Chairman	Against	Against	Shareholder
VF CORPORATION
Ticker: VFC                    Security ID:  918204108
Meeting Date: APR 26, 2011     Meeting Type: Annual
Record Date: MAR 2, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1.1	Elect Director Juan Ernesto de Bedout	For	For	Management
1.2	Elect Director Ursula O. Fairbairn	For	For	Management
1.3	Elect Director Eric C Wiseman	For	For	Management
2	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
3	Advisory Vote on Say on Pay Frequency	Two Years	One Year	Management
4	Adopt Majority Voting for Uncontested	For	For	Management
	Election of Directors
5	Ratify Auditors	For	For	Management
WELLS FARGO & COMPANY
Ticker: WFC                  Security ID:  949746101
Meeting Date: MAY 3, 2011    Meeting Type: Annual
Record Date: MAR 4, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Election Director John D. Baker II	For	For	Management
2	Election Director John S. Chen	For	For	Management
3	Election Director Lloyd H. Dean	For	For	Management
4	Election Director Susan E. Engel	For	For	Management
5	Election Director Enrique Hernandez,	For	For	Management
	Jr.
6	Election Director Donald M. James	For	For	Management
7	Election Director Mackey J. McDonald	For	For	Management
8	Election Director Cynthia H. Milligan	For	For	Management
9	Elect Director Nicholas G. Moore	For	For	Management
10	Elect Director Philip J. Quigley	For	Against	Management
11	Elect Director Judith M. Runstad	For	For	Management
12	Elect Director Stephen W. Sanger	For	For	Management
13	Elect Director John G. Stumpf	For	For	Management
14	Elect Director an G. Swenson	For	For	Management
15	Advisory Vote to Ratify Named Executive	For	For	Management

	Officers' Compensation
16	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
17	Ratify Auditors	For	For	Management
18	Amend Articles/Bylaws/Charter -- Call	Against	For	Shareholder
	Special Meetings
19	Provide for Cumulative Voting	Against	For	Shareholder
20	Require Independent Board Chairman	Against	For	Shareholder
21	Advisory Vote to Ratify Directors'	Against	Against	Shareholder
	Compensation
22	Require Audit Committee Review and	Against	For	Shareholder
	Report on Controls Related to Loans,
	Foreclosure and Securitizations
WESTERN UNION COMPANY, THE
Ticker: WU                   Security ID:  959802109
Meeting Date: MAY 20, 2011   Meeting Type: Annual
Record Date: MAR 22, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Hikmet Ersek	For	For	Management
2	Elect Director Jack M. Greenberg	For	For	Management
3	Elect Director Linda Fayne Levinson	For	For	Management
4	Ratify Auditors	For	For	Management
5	Advisory Vote to Ratify Named Executive	For	For	Management
	Officers' Compensation
6	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
7	Declassify the Board of Directors	Against	For	Shareholder
ZIMMER HOLDINGS, INC.
Ticker: ZMH                   Security ID:  98956P102
Meeting Date: MAY 2, 2011     Meeting Type: Annual
Record Date: MAR 3, 2011
#	Proposal	Mgt Rec	Vote Cast	Sponsor
1	Elect Director Betsy J. Bernard	For	For	Management
2	Elect Director Marc N. Casper	For	For	Management
3	Elect Director David C. Dvorak	For	For	Management
4	Elect Director Larry C. Glasscock	For	For	Management
5	Elect Director Robert A. Hagemann	For	For	Management
6	Elect Director Arthur J. Higgins	For	For	Management
7	Elect Director John L. McGoldrick	For	For	Management
8	Elect Director Cecil B. Pickett	For	For	Management
9	Advisory Vote to Ratify Named Executive	For	Against	Management
	Officers' Compensation
10	Advisory Vote on Say on Pay Frequency	One Year	One Year	Management
11	Ratify Auditors	For	For	Management
========== END NPX REPORT

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.

(Registrant) Blue Chip Value Fund, Inc.
                   --------------------------

By (Signature and Title)* /s/ Todger Anderson
                                      -------------------------------------
                                      Todger Anderson
                                      President/Principal Executive Officer

Date May 26, 2011
     ---------------

*Print the name and title of each signing officer under his or her signature.