Putnam Voyager Fund NPX Annual report of proxy voting record

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-1682

Putnam Voyager Fund
- -------------------------------------------------------------------------
  (Exact name of registrant as specified in charter)

One Post Office Square

Boston, Massachusetts 02109
- -------------------------------------------------------------------------
  (Address of principal executive offices)

Beth S. Mazor, Vice President

Putnam Voyager Fund

One Post Office Square

Boston, Massachusetts 02109



Copy to:

John W. Gerstmayr, Esq.

Ropes & Gray LLP

One International Place

Boston, Massachusetts 02110
- -------------------------------------------------------------------------
  (Name and address of agent for service)


Registrant's telephone number, including area code: (617) 292-1000

Date of Fiscal year-end: 7/31/2005

Date of reporting period: 7/1/2004 - 6/30/2005

Item 1. Proxy Voting Record

Account Number: Putnam Voyager Fund

ISSUER NAME		TICKER	CUSIP	MTG DATE	MTG TYPE
				Proposal Type	Voted	Vote	For/Agnst Mgmt
*Abbott Laboratories*		*ABT*	*002824100*	*4/22/05*	*Annual*
1.01	Elect Roxanne S. Austin			MGMT	YES	FOR	FOR
1.02	Elect William M. Daley			MGMT	YES	FOR	FOR
1.03	Elect H. Laurance Fuller			MGMT	YES	FOR	FOR
1.04	Elect Richard A. Gonzalez			MGMT	YES	FOR	FOR
1.05	Elect Jack M. Greenberg			MGMT	YES	FOR	FOR
1.06	Elect Jeffrey M. Leiden			MGMT	YES	FOR	FOR
1.07	Elect David Owen			MGMT	YES	FOR	FOR
1.08	Elect Boone Powell Jr.			MGMT	YES	FOR	FOR
1.09	Elect Addison Barry Rand			MGMT	YES	FOR	FOR
1.10	Elect W. Ann Reynolds			MGMT	YES	FOR	FOR
1.11	Elect Roy S. Roberts			MGMT	YES	FOR	FOR
1.12	Elect William D. Smithburg			MGMT	YES	FOR	FOR
1.13	Elect John R. Walter			MGMT	YES	FOR	FOR
1.14	Elect Miles D. White			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
4.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR
5.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
6.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
7.00	Review AIDS pandemic's impact on company			SHLDR	YES	AGNST	FOR
8.00	Independent board chairman			SHLDR	YES	AGNST	FOR

*Abercrombie & Fitch*		*ANF*	*002896207*	*6/15/05*	*Annual*
1.01	Elect Russell M. Gertmenian			MGMT	YES	WHOLD	AGNST
1.02	Elect Archie M. Griffin			MGMT	YES	WHOLD	AGNST
1.03	Elect Allan A. Tuttle			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Long-Term Incentive Plan			MGMT	YES	AGNST	AGNST

*Adobe Systems Inc*		*ADBE*	*00724F101*	*4/28/05*	*Annual*
1.01	Elect Carol Mills			MGMT	YES	FOR	FOR
1.02	Elect Colleen M. Pouliot			MGMT	YES	FOR	FOR
1.03	Elect Robert Sedgewick			MGMT	YES	FOR	FOR
1.04	Elect John E. Warnock			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Add Shares to Director Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Expense stock options			SHLDR	YES	AGNST	FOR
5.00	Require option shares to be held			SHLDR	YES	AGNST	FOR
6.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Advanced Micro Devices*		*AMD*	*007903107*	*4/28/05*	*Annual*
1.01	Elect Hector de J. Ruiz			MGMT	YES	FOR	FOR
1.02	Elect W. Michael Barnes			MGMT	YES	FOR	FOR
1.03	Elect Bruce Claflin			MGMT	YES	FOR	FOR
1.04	Elect H. Paulett Eberhart			MGMT	YES	FOR	FOR
1.05	Elect David J. Edmondson			MGMT	YES	FOR	FOR
1.06	Elect Robert B. Palmer			MGMT	YES	FOR	FOR
1.07	Elect Leonard M. Silverman			MGMT	YES	FOR	FOR
1.08	Elect Morton L. Topfer			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
4.00	Expense stock options			SHLDR	YES	AGNST	FOR

*Affiliated Computer Services*		*ACS*	*008190100*	*10/28/04*	*Annual*
1.01	Elect Darwin Deason			MGMT	YES	FOR	FOR
1.02	Elect Jeffrey A. Rich			MGMT	YES	FOR	FOR
1.03	Elect Mark A. King			MGMT	YES	FOR	FOR
1.04	Elect Joseph P. O'Neill			MGMT	YES	FOR	FOR
1.05	Elect Frank A. Rossi			MGMT	YES	FOR	FOR
1.06	Elect J. Livingston Kosberg			MGMT	YES	FOR	FOR
1.07	Elect Dennis McCuistion			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Alliance Data Systems*		*ADS*	*018581108*	*6/7/05*	*Annual*
1.01	Elect Bruce K. Anderson			MGMT	YES	FOR	FOR
1.02	Elect Roger H. Ballou			MGMT	YES	FOR	FOR
1.03	Elect E. Linn Draper Jr.			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Long Term Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Adopt the Executive Annual Incentive Plan			MGMT	YES	FOR	FOR
4.00	Adopt the Employee Stock Purchase Plan			MGMT	YES	FOR	FOR

*Altria Group Inc*		MO	*02209S103*	*4/28/05*	*Annual*
1.01	Elect Elizabeth E. Bailey			MGMT	YES	FOR	FOR
1.02	Elect Harold Brown			MGMT	YES	FOR	FOR
1.03	Elect Mathis Cabiallavetta			MGMT	YES	FOR	FOR
1.04	Elect Loius C. Camilleri			MGMT	YES	FOR	FOR
1.05	Elect Dudley Fishburn			MGMT	YES	FOR	FOR
1.06	Elect Robert E.R. Huntley			MGMT	YES	FOR	FOR
1.07	Elect Thomas W. Jones			MGMT	YES	FOR	FOR
1.08	Elect George Munoz			MGMT	YES	FOR	FOR
1.09	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.10	Elect John S. Reed			MGMT	YES	FOR	FOR
1.11	Elect Carlos Slim Helu			MGMT	YES	FOR	FOR
1.12	Elect Stephen M. Wolf			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Performance Incentive Plan			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Stock Compensation Plan for Non-Employee Directors			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
6.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR
7.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR
8.00	Review or reduce tobacco harm to health			SHLDR	YES	AGNST	FOR

*Amerada Hess Corp*		*AHC*	*023551104*	*5/4/05*	*Annual*
1.01	Elect Edith E. Holiday			MGMT	YES	FOR	FOR
1.02	Elect John J. O'Connor			MGMT	YES	FOR	FOR
1.03	Elect F. Borden Walker			MGMT	YES	FOR	FOR
1.04	Elect Robert N. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*American Tower Corp*		*AMT*	*029912201*	*5/26/05*	*Annual*
1.01	Elect Raymond P. Dolan			MGMT	YES	FOR	FOR
1.02	Elect Carolyn F. Katz			MGMT	YES	FOR	FOR
1.03	Elect Gustavo Lara Cantu			MGMT	YES	FOR	FOR
1.04	Elect Fred R. Lummis			MGMT	YES	FOR	FOR
1.05	Elect Pamela D. A. Reeve			MGMT	YES	FOR	FOR
1.06	Elect James D. Taiclet Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Amgen Inc*		*AMGN*	*031162100*	*5/11/05*	*Annual*
1.01	Elect David Baltimore			MGMT	YES	FOR	FOR
1.02	Elect Judith C. Pelham			MGMT	YES	FOR	FOR
1.03	Elect Kevin W. Sharer			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.01	Review or promote animal welfare			SHLDR	YES	AGNST	FOR
3.02	Link executive pay to social criteria			SHLDR	YES	AGNST	FOR
3.03	SP - Require option shares to be held			SHLDR	YES	AGNST	FOR

*Anadarko Petroleum Corp*		*APC*	*032511107*	*5/12/05*	*Annual*
1.01	Elect John R. Butler Jr.			MGMT	YES	FOR	FOR
1.02	Elect Preston M. Geren III			MGMT	YES	FOR	FOR
1.03	Elect John R. Gordon			MGMT	YES	FOR	FOR
2.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR
	Add shares to the 1999 Stock Incentive Plan
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR

*Apache Corp*		*APA*	*037411105*	*5/5/05*	*Annual*
1.01	Elect G. Steven Farris			MGMT	YES	FOR	FOR
1.02	Elect Randolph M. Ferlic			MGMT	YES	FOR	FOR
1.03	Elect A. D. Frazier Jr.			MGMT	YES	FOR	FOR
1.04	Elect John A. Kocur			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Approve long-term bonus plan			MGMT	YES	FOR	FOR
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
5.00	Limit non-audit fees			SHLDR	YES	AGNST	FOR

*Apple Computer Inc*		*AAPL*	*037833100*	*4/21/05*	*Annual*
1.01	Elect Fred D. Anderson			MGMT	YES	FOR	FOR
1.02	Elect William V. Campbell			MGMT	YES	WHOLD	AGNST
1.03	Elect Millard S. Drexler			MGMT	YES	FOR	FOR
1.04	Elect Albert Gore Jr.			MGMT	YES	FOR	FOR
1.05	Elect Steven P Jobs			MGMT	YES	FOR	FOR
1.06	Elect Arthur D. Levinson			MGMT	YES	FOR	FOR
1.07	Elect Jerome B. York			MGMT	YES	FOR	FOR
2.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Add shares to employee stock purchase plan			MGMT	YES	FOR	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*Autodesk Inc*		*ADSK*	*052769106*	*6/23/05*	*Annual*
1.01	Elect Carol A. Bartz			MGMT	YES	FOR	FOR
1.02	Elect Mark A. Bertelsen			MGMT	YES	FOR	FOR
1.03	Elect Crawford W. Beveridge			MGMT	YES	FOR	FOR
1.04	Elect J. Hallam Dawson			MGMT	YES	FOR	FOR
1.05	Elect Michael J. Fister			MGMT	YES	FOR	FOR
1.06	Elect Per-Kristian Halvorsen			MGMT	YES	FOR	FOR
1.07	Elect Steven L. Scheid			MGMT	YES	FOR	FOR
1.08	Elect Mary Alice Taylor			MGMT	YES	FOR	FOR
1.09	Elect Larry W. Wangberg			MGMT	YES	FOR	FOR
2.00	Adopt the 2006 Stock Plan			MGMT	YES	AGNST	AGNST
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Adopt the Executive Incenitve Plan			MGMT	YES	FOR	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Avon Products Inc*		*AVP*	*054303102*	*5/5/05*	*Annual*
1.01	Elect Fred Hassan			MGMT	YES	FOR	FOR
1.02	Elect Ann S. Moore			MGMT	YES	FOR	FOR
1.03	Elect Lawrence A. Weinbach			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			MGMT	YES	FOR	FOR
4.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
5.00	Review charitable giving policy			SHLDR	YES	AGNST	FOR
6.00	Control generation of pollutants			SHLDR	YES	AGNST	FOR

*Ball Corp*		*BLL*	*058498106*	*4/27/05*	*Annual*
1.01	Elect George M. Smart			MGMT	YES	FOR	FOR
1.02	Elect Theodore M. Solso			MGMT	YES	FOR	FOR
1.03	Elect Stuart A. Taylor II			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Increase authorized common stock			MGMT	YES	FOR	FOR
5.00	Repeal classified board			SHLDR	YES	FOR	AGNST

*Becton Dickinson & Co*		*BDX*	*075887109*	*2/1/05*	*Annual*
1.01	Elect Basil L. Anderson			MGMT	YES	WHOLD	AGNST
1.02	Elect Gary A. Mecklenburg			MGMT	YES	WHOLD	AGNST
1.03	Elect James E. Perrella			MGMT	YES	WHOLD	AGNST
1.04	Elect Alfred Sommer			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	AGNST	AGNST
3.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
4.00	Adopt cumulative voting			SHLDR	YES	AGNST	FOR

*Bed Bath & Beyond Inc*		*BBBY*	*075896100*	*7/1/04*	*Annual*
1.01	Elect Warren Eisenberg			MGMT	YES	FOR	FOR
1.02	Elect Victoria A. Morrison			MGMT	YES	FOR	FOR
1.03	Elect Fran Stoller			MGMT	YES	FOR	FOR
1.04	Elect Stanley F. Barshay			MGMT	YES	FOR	FOR
1.05	Elect Jordan Heller			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Report on EEO			SHLDR	YES	AGNST	FOR
5.00	Require Option Shares to Be Held			SHLDR	YES	AGNST	FOR

*Bed Bath & Beyond Inc.*		*BBBY*	*075896100*	*7/1/04*	*Annual*
1.01	Elect Director Warren Eisenberg			MGMT	YES	FOR	FOR
1.02	Elect Director Victoria A. Morrison			MGMT	YES	FOR	FOR
1.03	Elect Director Stanley Barshay			MGMT	YES	FOR	FOR
1.04	Elect Director Fran Stoller			MGMT	YES	FOR	FOR
1.05	Elect Director Jordan Heller			MGMT	YES	FOR	FOR
2.00	Ratify Auditors			MGMT	YES	FOR	FOR
3.00	Approve Omnibus Stock Plan			MGMT	YES	FOR	FOR
4.00	Glass Ceiling			SHLDR	YES	AGNST	FOR
5.00	Adopt Retention Ratio for Executives			SHLDR	YES	AGNST	FOR

*Best Buy Co Inc*		*BBY*	*086516101*	*6/23/05*	*Annual*
1.01	Elect Ronald James			MGMT	YES	FOR	FOR
1.02	Elect Elliot S. Kaplan			MGMT	YES	FOR	FOR
1.03	Elect Mathew H. Paull			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Schulze			MGMT	YES	FOR	FOR
1.05	Elect Mary A. Tolan			MGMT	YES	FOR	FOR
1.06	Elect Hatim A. Tyabji			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Biogen Idec Inc*		*BIIB*	*09062X103*	*6/3/05*	*Annual*
1.01	Elect Dr.Thomas F. Keller			MGMT	YES	FOR	FOR
1.02	Elect Dr.William H. Rastetter			MGMT	YES	FOR	FOR
1.03	Elect Lynn Schenk			MGMT	YES	FOR	FOR
1.04	Elect Dr.Phillip A. Sharp			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Omnibus Equity Plan			MGMT	YES	AGNST	AGNST
4.00	Adopt the Amended and Restated 1995 Employee Stock Purchase Plan			MGMT	YES	FOR	FOR

*Boeing Co*		BA	*097023105*	*5/2/05*	*Annual*
1.01	Elect Kenneth M. Duberstein			MGMT	YES	WHOLD	AGNST
1.02	Elect W. James McNerney Jr.			MGMT	YES	WHOLD	AGNST
1.03	Elect Lewis E. Platt			MGMT	YES	WHOLD	AGNST
1.04	Elect Mike S. Zafirovski			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Develop/report on human rights policy			SHLDR	YES	AGNST	FOR
4.00	Review military contracting criteria			SHLDR	YES	AGNST	FOR
5.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
6.00	Repeal classified board			SHLDR	YES	FOR	AGNST
7.00	Eliminate supermajority provision			SHLDR	YES	FOR	AGNST
8.00	Majority vote shareholder committee			SHLDR	YES	AGNST	FOR
9.00	Independent board chairman			SHLDR	YES	AGNST	FOR

*Capital One Financial Corp*		*COF*	*14040H105*	*4/28/05*	*Annual*
1.01	Elect Patrick W. Gross			MGMT	YES	FOR	FOR
1.02	Elect Ann Fritz Hackett			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*Caremark Rx Inc*		*CMX*	*141705103*	*5/11/05*	*Annual*
1.01	Elect Edwin M. Crawford			MGMT	YES	FOR	FOR
1.02	Elect Kristen E. Gibney Williams			MGMT	YES	FOR	FOR
1.03	Elect Edward L. Hardin Jr.			MGMT	YES	FOR	FOR
2.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR

*Cendant Corp*		CD	*151313103*	*4/26/05*	*Annual*
1.01	Elect Myra J. Biblowit			MGMT	YES	FOR	FOR
1.02	Elect Leonard S. Coleman			MGMT	YES	FOR	FOR
1.03	Elect Cheryl D. Mills			MGMT	YES	FOR	FOR
1.04	Elect M. Brian Mulroney			MGMT	YES	WHOLD	AGNST
1.05	Elect Robert E. Nederlander			MGMT	YES	FOR	FOR
1.06	Elect Ronald L. Nelson			MGMT	YES	FOR	FOR
1.07	Elect Robert W. Pittman			MGMT	YES	FOR	FOR
1.08	Elect Pauline D.E. Richards			MGMT	YES	FOR	FOR
1.09	Elect Sheli Z. Rosenberg			MGMT	YES	FOR	FOR
1.10	Elect Robert F. Smith			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend deferred compensation plan			MGMT	YES	FOR	FOR
4.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
5.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
6.00	Golden parachutes			SHLDR	YES	AGNST	FOR

*Charles River Laboratories International Inc*		*CRL*	*159864107*	*5/9/05*	*Annual*
1.01	Elect James C. Foster			MGMT	YES	FOR	FOR
1.02	Elect Stephen D. Chubb			MGMT	YES	FOR	FOR
1.03	Elect George E. Massaro			MGMT	YES	FOR	FOR
1.04	Elect Linda McGoldrick			MGMT	YES	FOR	FOR
1.05	Elect George M. Milne			MGMT	YES	FOR	FOR
1.06	Elect Douglas E. Rogers			MGMT	YES	FOR	FOR
1.07	Elect Samuel O. Thier			MGMT	YES	FOR	FOR
1.08	Elect William H. Waltrip			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Chicago Mercantile Exchange Holdings*		*CME*	*167760107*	*4/27/05*	*Annual*
1.01	Elect Craig S. Donohue			MGMT	YES	WHOLD	AGNST
1.02	Elect Terrence A. Duffy			MGMT	YES	WHOLD	AGNST
1.03	Elect Daniel R. Glickman			MGMT	YES	WHOLD	AGNST
1.04	Elect William P. Miller II			MGMT	YES	WHOLD	AGNST
1.05	Elect James E. Oliff			MGMT	YES	WHOLD	AGNST
1.06	Elect John F. Sandner			MGMT	YES	WHOLD	AGNST
1.07	Elect Terry L. Savage			MGMT	YES	WHOLD	AGNST
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Cisco Systems Inc*		*CSCO*	*17275R102*	*11/18/04*	*Annual*
1.01	Elect Carol A. Bartz			MGMT	YES	FOR	FOR
1.02	Elect M. Michele Burns			MGMT	YES	FOR	FOR
1.03	Elect Larry R. Carter			MGMT	YES	FOR	FOR
1.04	Elect John T. Chambers			MGMT	YES	FOR	FOR
1.05	Elect James F. Gibbons			MGMT	YES	FOR	FOR
1.06	Elect John L. Hennessy			MGMT	YES	FOR	FOR
1.07	Elect Roderick C. McGeary			MGMT	YES	FOR	FOR
1.08	Elect James C. Morgan			MGMT	YES	FOR	FOR
1.09	Elect John P. Morgridge			MGMT	YES	FOR	FOR
1.10	Elect Donald T. Valentine			MGMT	YES	FOR	FOR
1.11	Elect Steven M. West			MGMT	YES	FOR	FOR
1.12	Elect Jerry Yang			MGMT	YES	WHOLD	AGNST
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Link Executive Pay to Social Criteria			SHLDR	YES	AGNST	FOR

*Coach Inc*		*COH*	*189754104*	*11/3/04*	*Annual*
1.01	Elect Joseph Ellis			MGMT	YES	WHOLD	AGNST
1.02	Elect Lew Frankfort			MGMT	YES	FOR	FOR
1.03	Elect Sally Frame Kasaks			MGMT	YES	FOR	FOR
1.04	Elect Gary W. Loveman			MGMT	YES	FOR	FOR
1.05	Elect Irene Miller			MGMT	YES	FOR	FOR
1.06	Elect Keith Monda			MGMT	YES	FOR	FOR
1.07	Elect Michael E. Murphy			MGMT	YES	FOR	FOR
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST

*Commerce Bancorp Inc*		*CBH*	*200519106*	*5/17/05*	*Annual*
1.01	Elect Vernon W. Hill II			MGMT	YES	FOR	FOR
1.02	Elect Jack R. Bershad			MGMT	YES	FOR	FOR
1.03	Elect Joseph E. Buckelew			MGMT	YES	FOR	FOR
1.04	Elect Donald T. DiFrancesco			MGMT	YES	FOR	FOR
1.05	Elect Morton N. Kerr			MGMT	YES	FOR	FOR
1.06	Elect Steven M. Lewis			MGMT	YES	FOR	FOR
1.07	Elect John K Lloyd			MGMT	YES	FOR	FOR
1.08	Elect George E. Norcross III			MGMT	YES	FOR	FOR
1.09	Elect Daniel J. Ragone			MGMT	YES	FOR	FOR
1.10	Elect William A. Schwartz Jr.			MGMT	YES	FOR	FOR
1.11	Elect Joseph T. Tarquini Jr.			MGMT	YES	FOR	FOR
1.12	Elect Joseph S. Vassalluzzo			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Community Health Systems Inc*		*CYH*	*203668108*	*5/25/05*	*Annual*
1.01	Elect Dale F. Frey			MGMT	YES	FOR	FOR
1.02	Elect John A. Fry			MGMT	YES	FOR	FOR
2.00	Add shares to the 2000 Stock Option and Award Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Expense stock options			SHLDR	YES	AGNST	FOR

*Costco Wholesale Corp*		*COST*	*22160K105*	*1/27/05*	*Annual*
1.01	Elect Richard D. DiCerchio			MGMT	YES	FOR	FOR
1.02	Elect Richard M. Libenson			MGMT	YES	FOR	FOR
1.03	Elect John W. Meisenbach			MGMT	YES	FOR	FOR
1.04	Elect Charles T. Munger			MGMT	YES	FOR	FOR
1.05	Elect Susan L. Decker			MGMT	YES	FOR	FOR
2.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Monitor/adopt ILO conventions			SHLDR	YES	AGNST	FOR
4.00	Preserve/report on natural habitat			SHLDR	YES	AGNST	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Countrywide Financial Corp*		*CFC*	*222372104*	*6/15/05*	*Annual*
1.01	Elect Angelo R. Mozilo			MGMT	YES	FOR	FOR
1.02	Elect Stanford L. Kurland			MGMT	YES	FOR	FOR
1.03	Elect Oscar P. Robertson			MGMT	YES	FOR	FOR
1.04	Elect Keith P. Russell			MGMT	YES	FOR	FOR
2.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Danaher Corp*		*DHR*	*235851102*	*5/4/05*	*Annual*
1.01	Elect H. Lawrence Culp Jr.			MGMT	YES	FOR	FOR
1.02	Elect Mitchell P. Rales			MGMT	YES	FOR	FOR
1.03	Elect A. Emmet Stephenson Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR

*Darden Restaurants Inc*		*DRI*	*237194105*	*9/29/04*	*Annual*
1.01	Elect Leonard L. Berry			MGMT	YES	FOR	FOR
1.02	Elect Odie C. Donald			MGMT	YES	FOR	FOR
1.03	Elect David H. Hughes			MGMT	YES	FOR	FOR
1.04	Elect Joe R. Lee			MGMT	YES	FOR	FOR
1.05	Elect Connie Mack III			MGMT	YES	FOR	FOR
1.06	Elect Andrew H. Madsen			MGMT	YES	FOR	FOR
1.07	Elect Clarence Otis Jr.			MGMT	YES	FOR	FOR
1.08	Elect Michael D. Rose			MGMT	YES	FOR	FOR
1.09	Elect Maria A. Sastre			MGMT	YES	FOR	FOR
1.10	Elect Jack A. Smith			MGMT	YES	FOR	FOR
1.11	Elect Blaine Sweatt III			MGMT	YES	FOR	FOR
1.12	Elect Rita P. Wilson			MGMT	YES	FOR	FOR
2.00	Adopt Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Dell Inc*		*DELL*	*24702R101*	*7/16/04*	*Annual*
1.01	Elect Donald J. Carty			MGMT	YES	FOR	FOR
1.02	Elect Michael S. Dell			MGMT	YES	FOR	FOR
1.03	Elect William H. Gray III			MGMT	YES	FOR	FOR
1.04	Elect Judy C. Lewent			MGMT	YES	FOR	FOR
1.05	Elect Thomas W. Luce III			MGMT	YES	FOR	FOR
1.06	Elect Klaus S. Luft			MGMT	YES	FOR	FOR
1.07	Elect Alex J. Mandl			MGMT	YES	FOR	FOR
1.08	Elect Michael A. Miles			MGMT	YES	FOR	FOR
1.09	Elect Samuel A. Nunn Jr.			MGMT	YES	FOR	FOR
1.10	Elect Kevin B. Rollins			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Expense Stock Options			SHLDR	YES	AGNST	FOR

*Disney (Walt) Co*		*DIS*	*254687106*	*2/11/05*	*Annual*
1.01	Elect John E. Bryson			MGMT	YES	FOR	FOR
1.02	Elect John S. Chen			MGMT	YES	FOR	FOR
1.03	Elect Michael D. Eisner			MGMT	YES	FOR	FOR
1.04	Elect Judith L. Estrin			MGMT	YES	FOR	FOR
1.05	Elect Robert A. Iger			MGMT	YES	FOR	FOR
1.06	Elect Aylwin B. Lewis			MGMT	YES	FOR	FOR
1.07	Elect Fred Horst Langhammer			MGMT	YES	FOR	FOR
1.08	Elect Monica C. Lozano			MGMT	YES	FOR	FOR
1.09	Elect Robert W. Matschullat			MGMT	YES	FOR	FOR
1.10	Elect George J. Mitchell			MGMT	YES	FOR	FOR
1.11	Elect Leo J. O'Donovan			MGMT	YES	FOR	FOR
1.12	Elect Gary L. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Adopt antigreenmail provision			SHLDR	YES	AGNST	FOR
5.00	Review global labor practices			SHLDR	YES	AGNST	FOR

*Doral Financial Corp*		*DRL*	*25811P100*	*4/20/05*	*Annual*
1.01	Elect Richard F. Bonini			MGMT	YES	FOR	FOR
1.02	Elect Edgar M. Cullman Jr.			MGMT	YES	WHOLD	AGNST
1.03	Elect John L. Ernst			MGMT	YES	FOR	FOR
1.04	Elect Peter A. Hoffman			MGMT	YES	FOR	FOR
1.05	Elect Efraim Kier			MGMT	YES	FOR	FOR
1.06	Elect Salomon Levis			MGMT	YES	FOR	FOR
1.07	Elect Zoila Levis			MGMT	YES	FOR	FOR
1.08	Elect Harold D. Vicente			MGMT	YES	FOR	FOR
1.09	Elect John B. Hughes			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Ebay Inc*		*EBAY*	*278642103*	*6/23/05*	*Annual*
1.01	Elect Fred D. Anderson			MGMT	YES	FOR	FOR
1.02	Elect Edward W. Barnholt			MGMT	YES	FOR	FOR
1.03	Elect Scott D. Cook			MGMT	YES	FOR	FOR
1.04	Elect Robert C. Kagle			MGMT	YES	FOR	FOR
2.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
6.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR

*Edison International*		*EIX*	*281020107*	*5/19/05*	*Annual*
1.01	Elect John E. Bryson			MGMT	YES	FOR	FOR
1.02	Elect France A. Cordova			MGMT	YES	FOR	FOR
1.03	Elect Bradford M. Freeman			MGMT	YES	FOR	FOR
1.04	Elect Bruce Karatz			MGMT	YES	FOR	FOR
1.05	Elect Luis G. Nogales			MGMT	YES	FOR	FOR
1.06	Elect Ronald L. Olson			MGMT	YES	FOR	FOR
1.07	Elect James M. Rosser			MGMT	YES	FOR	FOR
1.08	Elect Richard T. Schlosberg III			MGMT	YES	FOR	FOR
1.09	Elect Robert H. Smith			MGMT	YES	FOR	FOR
1.10	Elect Thomas C. Sutton			MGMT	YES	FOR	FOR
2.00	Golden parachutes			SHLDR	YES	AGNST	FOR

*Edwards Lifesciences Corp*		EW	*28176E108*	*5/12/05*	*Annual*
1.01	Elect John T. Cardis			MGMT	YES	FOR	FOR
1.02	Elect Philip M. Neal			MGMT	YES	FOR	FOR
1.03	Elect David E.I. Pyott			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*EMC Corp*		*EMC*	*268648102*	*5/5/05*	*Annual*
1.01	Elect Michael J. Cronin			MGMT	YES	WHOLD	AGNST
1.02	Elect W. Paul Fitzgerald			MGMT	YES	WHOLD	AGNST
1.03	Elect Joseph M. Tucci			MGMT	YES	WHOLD	AGNST
2.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR
5.00	Increase audit committee independence			SHLDR	YES	FOR	AGNST

*Everest Re Group Ltd*		RE	*G3223R108*	*5/25/05*	*Annual*
1.01	Elect Thomas J. Gallagher			MGMT	YES	FOR	FOR
1.02	Elect William F. Galtney Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend Director Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR

*Express Scripts Inc*		*ESRX*	*302182100*	*5/25/05*	*Annual*
1.01	Elect Gary G Benanav			MGMT	YES	FOR	FOR
1.02	Elect Frank J. Borelli			MGMT	YES	FOR	FOR
1.03	Elect Maura C Breen			MGMT	YES	FOR	FOR
1.04	Elect Nicholas J. LaHowchic			MGMT	YES	FOR	FOR
1.05	Elect Thomas P. Mac Mahon			MGMT	YES	FOR	FOR
1.06	Elect John O. Parker Jr.			MGMT	YES	FOR	FOR
1.07	Elect George Paz			MGMT	YES	FOR	FOR
1.08	Elect Samuel K. Skinner			MGMT	YES	WHOLD	AGNST
1.09	Elect Seymour Sternberg			MGMT	YES	FOR	FOR
1.10	Elect Barrett A. Toan			MGMT	YES	FOR	FOR
1.11	Elect Howard L. Waltman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Fidelity National Financial Inc*		*FNF*	*316326107*	*12/16/04*	*Annual*
1.01	Elect William A. Imparato			MGMT	YES	WHOLD	AGNST
1.02	Elect Donald M. Koll			MGMT	YES	WHOLD	AGNST
1.03	Elect Gerald William Lyon			MGMT	YES	WHOLD	AGNST
1.04	Elect Cary H. Thompson			MGMT	YES	WHOLD	AGNST
2.00	Adopt Stock Option Plan			MGMT	YES	AGNST	AGNST
3.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
4.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
5.00	Amend Stock Option Plan			MGMT	YES	AGNST	AGNST
6.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST

*Fiserv Inc*		*FISV*	*337738108*	*4/6/05*	*Annual*
1.01	Elect Donald F. Dillon			MGMT	YES	FOR	FOR
1.02	Elect Gerald J. Levy			MGMT	YES	FOR	FOR
1.03	Elect Glenn M. Renwick			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend annual bonus plan			MGMT	YES	FOR	FOR
4.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR

*Fisher Scientific International Inc*		*FSH*	*338032204*	*8/2/04*	*Annual*
1.00	Approve Merger/Acquisition			MGMT	YES	FOR	FOR
	Approve Common Stock Issuance
2.01	Elect Michael D. Dingman			MGMT	YES	FOR	FOR
2.02	Elect Charles A. Sanders			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Adjourn Meeting			MGMT	YES	FOR	FOR

*Forest Laboratories*		*FRX*	*345838106*	*8/11/04*	*Annual*
1.01	Elect Howard Solomon			MGMT	YES	FOR	FOR
1.02	Elect William J. Candee III			MGMT	YES	FOR	FOR
1.03	Elect George S. Cohan			MGMT	YES	FOR	FOR
1.04	Elect Dan L. Goldwasser			MGMT	YES	FOR	FOR
1.05	Elect Lester B. Salans			MGMT	YES	FOR	FOR
1.06	Elect Kenneth E. Goodman			MGMT	YES	FOR	FOR
1.07	Elect Phillip M. Satow			MGMT	YES	FOR	FOR
2.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Freescale Semiconductor Inc*		*FSL*	*35687M206*	*4/29/05*	*Annual*
1.01	Elect H. Raymond Bingham			MGMT	YES	WHOLD	AGNST
1.02	Elect Stephen P. Kaufman			MGMT	YES	WHOLD	AGNST
2.00	Approve technical amendments			MGMT	YES	FOR	FOR
	Approve non-technical charter amendments
3.00	Approve technical amendments			MGMT	YES	FOR	FOR
	Approve non-technical bylaw amendments
4.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Genzyme Corp*		*GENZ*	*372917104*	*5/26/05*	*Annual*
1.01	Elect Robert J. Carpenter			MGMT	YES	FOR	FOR
1.02	Elect Charles L. Cooney			MGMT	YES	FOR	FOR
2.00	Add shares to the 1999 Employee Stock Purchase Plan			MGMT	YES	AGNST	AGNST
3.00	Add shares to the 2004 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Repeal classified board			SHLDR	YES	FOR	AGNST

*GTECH Holdings Corp*		*GTK*	*400518106*	*8/2/04*	*Annual*
1.01	Elect Christine M. Cournoyer			MGMT	YES	FOR	FOR
1.02	Elect Robert M. Dewey Jr.			MGMT	YES	FOR	FOR
1.03	Elect Philip R. Lochner Jr.			MGMT	YES	FOR	FOR
2.00	Adopt Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
3.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
4.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Harley-Davidson Inc*		*HDI*	*412822108*	*4/30/05*	*Annual*
1.01	Elect George H. Conrades			MGMT	YES	FOR	FOR
1.02	Elect Sara L. Levinson			MGMT	YES	FOR	FOR
1.03	Elect George L. Miles Jr.			MGMT	YES	FOR	FOR
2.00	Approve annual bonus plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Harrah's Entertainment Inc*		*HET*	*413619107*	*3/11/05*	*Special*
1.00	Approve merger/acquisition			MGMT	YES	FOR	FOR
2.00	Increase authorized common stock			MGMT	YES	FOR	FOR

*Harris Corp*		*HRS*	*413875105*	*10/22/04*	*Annual*
1.01	Elect Howard L. Lance			MGMT	YES	FOR	FOR
1.02	Elect Thomas A. Dattilo			MGMT	YES	FOR	FOR
1.03	Elect James C. Stoffel			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Hartford Financial Services Group Inc*		*HIG*	*416515104*	*5/18/05*	*Annual*
1.01	Elect Ramani Ayer			MGMT	YES	FOR	FOR
1.02	Elect Ronald E. Ferguson			MGMT	YES	FOR	FOR
1.03	Elect Edward J. Kelly III			MGMT	YES	FOR	FOR
1.04	Elect Paul G. Kirk Jr.			MGMT	YES	FOR	FOR
1.05	Elect Thomas M. Marra			MGMT	YES	FOR	FOR
1.06	Elect Gail J. McGovern			MGMT	YES	FOR	FOR
1.07	Elect Michael G. Morris			MGMT	YES	FOR	FOR
1.08	Elect Robert W. Selander			MGMT	YES	FOR	FOR
1.09	Elect Charles B. Strauss			MGMT	YES	FOR	FOR
1.10	Elect H. Patrick Swygert			MGMT	YES	FOR	FOR
1.11	Elect David K. Zwiener			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Incentive Stock Plan			MGMT	YES	FOR	FOR
4.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR

*HCA Inc*		*HCA*	*404119109*	*5/26/05*	*Annual*
1.01	Elect C. Michael Armstrong			MGMT	YES	FOR	FOR
1.02	Elect Magdalena H. Averhoff			MGMT	YES	FOR	FOR
1.03	Elect Jack O. Bovender Jr.			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Bracken			MGMT	YES	FOR	FOR
1.05	Elect Martin S. Feldstein			MGMT	YES	FOR	FOR
1.06	Elect Thomas F. Frist Jr.			MGMT	YES	FOR	FOR
1.07	Elect Frederick W. Gluck			MGMT	YES	FOR	FOR
1.08	Elect Glenda A. Hatchett			MGMT	YES	FOR	FOR
1.09	Elect Charles O. Holliday Jr.			MGMT	YES	FOR	FOR
1.10	Elect T. Michael Long			MGMT	YES	FOR	FOR
1.11	Elect John H. McArthur			MGMT	YES	FOR	FOR
1.12	Elect Kent C. Nelson			MGMT	YES	FOR	FOR
1.13	Elect Frank S. Royal			MGMT	YES	WHOLD	AGNST
1.14	Elect Harold T. Shapiro			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Equity Incentive Plan			MGMT	YES	AGNST	AGNST

*Home Depot Inc*		HD	*437076102*	*5/26/05*	*Annual*
1.01	Elect Gregory D. Brenneman			MGMT	YES	FOR	FOR
1.02	Elect Richard H. Brown			MGMT	YES	FOR	FOR
1.03	Elect John L. Clendenin			MGMT	YES	FOR	FOR
1.04	Elect Berry R. Cox			MGMT	YES	FOR	FOR
1.05	Elect Claudio X. Gonzalez Laporte			MGMT	YES	WHOLD	AGNST
1.06	Elect Milledge A. Hart III			MGMT	YES	FOR	FOR
1.07	Elect Bonnie Guiton Hill			MGMT	YES	WHOLD	AGNST
1.08	Elect Laban P. Jackson Jr.			MGMT	YES	FOR	FOR
1.09	Elect Lawrence R. Johnston			MGMT	YES	FOR	FOR
1.10	Elect Kenneth G. Langone			MGMT	YES	FOR	FOR
1.11	Elect Robert L. Nardelli			MGMT	YES	FOR	FOR
1.12	Elect Thomas J. Ridge			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt advance notice requirement			MGMT	YES	FOR	FOR
4.00	Adopt the 2005 Omnibus Stock Incentive Plan			MGMT	YES	AGNST	AGNST
5.00	Report on EEO			SHLDR	YES	AGNST	FOR
6.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
7.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
8.00	Golden parachutes			SHLDR	YES	AGNST	FOR
9.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
10.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR
11.00	Affirm political nonpartisanship			SHLDR	YES	AGNST	FOR

*Hunt (J B) Transportation Services Inc*		*JBHT*	*445658107*	*4/21/05*	*Annual*
1.01	Elect Johnelle D. Hunt			MGMT	YES	FOR	FOR
1.02	Elect Kirk Thompson			MGMT	YES	FOR	FOR
1.03	Elect Leland E. Tollett			MGMT	YES	FOR	FOR
1.04	Elect John A. White			MGMT	YES	FOR	FOR
1.05	Elect Coleman H. Peterson			MGMT	YES	FOR	FOR
2.00	Increase authorized common stock			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	FOR	FOR

*Intel Corp*		*INTC*	*458140100*	*5/18/05*	*Annual*
1.01	Elect Craig R. Barrett			MGMT	YES	FOR	FOR
1.02	Elect Charlene Barshefsky			MGMT	YES	FOR	FOR
1.03	Elect E. John P. Browne			MGMT	YES	FOR	FOR
1.04	Elect D. James Guzy			MGMT	YES	FOR	FOR
1.05	Elect Reed E. Hundt			MGMT	YES	FOR	FOR
1.06	Elect Paul S. Otellini			MGMT	YES	FOR	FOR
1.07	Elect David S. Pottruck			MGMT	YES	FOR	FOR
1.08	Elect Jane E. Shaw			MGMT	YES	FOR	FOR
1.09	Elect John L. Thornton			MGMT	YES	FOR	FOR
1.10	Elect David B. Yoffie			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2004 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR

*International Business Machines Corp*		*IBM*	*459200101*	*4/26/05*	*Annual*
1.01	Elect Cathleen P. Black			MGMT	YES	FOR	FOR
1.02	Elect Kenneth I. Chenault			MGMT	YES	FOR	FOR
1.03	Elect Juergen Dormann			MGMT	YES	FOR	FOR
1.04	Elect Michael L. Eskew			MGMT	YES	FOR	FOR
1.05	Elect Charles F. Knight			MGMT	YES	FOR	FOR
1.06	Elect Minoru Makihara			MGMT	YES	FOR	FOR
1.07	Elect Lucio A. Noto			MGMT	YES	FOR	FOR
1.08	Elect Samuel J. Palmisano			MGMT	YES	FOR	FOR
1.09	Elect Joan E. Spero			MGMT	YES	FOR	FOR
1.10	Elect Sidney Taurel			MGMT	YES	FOR	FOR
1.11	Elect Charles M. Vest			MGMT	YES	FOR	FOR
1.12	Elect Lorenzo H. Zambrano Trevino			MGMT	YES	FOR	FOR
1.13	Misc. board of directors			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt cumulative voting			SHLDR	YES	AGNST	FOR
4.00	Provide pension choices			SHLDR	YES	AGNST	FOR
5.00	Pension fund surplus			SHLDR	YES	AGNST	FOR
6.00	Expense stock options			SHLDR	YES	AGNST	FOR
7.00	Disclose executive compensation			SHLDR	YES	AGNST	FOR
8.00	Report on risk to image of globalization strategy			SHLDR	YES	AGNST	FOR

*Jabil Circuit Inc*		*JBL*	*466313103*	*1/20/05*	*Annual*
1.01	Elect William D. Morean			MGMT	YES	FOR	FOR
1.02	Elect Thomas A. Sansone			MGMT	YES	FOR	FOR
1.03	Elect Timothy L. Main			MGMT	YES	FOR	FOR
1.04	Elect Lawrence J. Murphy			MGMT	YES	FOR	FOR
1.05	Elect Mel S. Lavitt			MGMT	YES	FOR	FOR
1.06	Elect Steven A. Raymund			MGMT	YES	FOR	FOR
1.07	Elect Frank A. Newman			MGMT	YES	FOR	FOR
1.08	Elect Laurence S. Grafstein			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Johnson & Johnson*		*JNJ*	*478160104*	*4/28/05*	*Annual*
1.01	Elect Mary S. Coleman			MGMT	YES	FOR	FOR
1.02	Elect James G. Cullen			MGMT	YES	FOR	FOR
1.03	Elect Robert J. Darretta			MGMT	YES	FOR	FOR
1.04	Elect Michael M. E. Johns			MGMT	YES	FOR	FOR
1.05	Elect Ann Dibble Jordan			MGMT	YES	FOR	FOR
1.06	Elect Arnold G. Langbo			MGMT	YES	FOR	FOR
1.07	Elect Susan L. Lindquist			MGMT	YES	FOR	FOR
1.08	Elect Leo F. Mullin			MGMT	YES	FOR	FOR
1.09	Elect Christine A. Poon			MGMT	YES	FOR	FOR
1.10	Elect Steven S. Reinemund			MGMT	YES	FOR	FOR
1.11	Elect David Satcher			MGMT	YES	FOR	FOR
1.12	Elect William C. Weldon			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Johnson Controls Inc*		*JCI*	*478366107*	*1/26/05*	*Annual*
1.01	Elect Natalie A. Black			MGMT	YES	FOR	FOR
1.02	Elect Robert A. Cornog			MGMT	YES	FOR	FOR
1.03	Elect William H. Lacy			MGMT	YES	FOR	FOR
1.04	Elect Stephen A. Roell			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Kohl's Corp*		*KSS*	*500255104*	*4/27/05*	*Annual*
1.01	Elect James D. Ericson			MGMT	YES	FOR	FOR
1.02	Elect William S. Kellogg			MGMT	YES	WHOLD	AGNST
1.03	Elect Arlene Meier			MGMT	YES	WHOLD	AGNST
1.04	Elect R. Elton White			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			SHLDR	YES	FOR	AGNST
4.00	Golden parachutes			SHLDR	YES	AGNST	FOR

*L-3 Communications Holdings Inc*		*LLL*	*502424104*	*4/26/05*	*Annual*
1.01	Elect Frank C. Lanza			MGMT	YES	FOR	FOR
1.02	Elect John M. Shalikashvili			MGMT	YES	FOR	FOR
1.03	Elect John P. White			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Las Vegas Sands Corp*		*LVS*	*517834107*	*6/9/05*	*Annual*
1.01	Elect Charles D. Forman			MGMT	YES	WHOLD	AGNST
1.02	Elect Irwin A. Siegel			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Lehman Brothers Holdings Inc*		*LEH*	*524908100*	*4/5/05*	*Annual*
1.01	Elect Michael L. Ainslie			MGMT	YES	FOR	FOR
1.02	Elect John F. Akers			MGMT	YES	FOR	FOR
1.03	Elect Richard S. Fuld Jr.			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*Lennar Corp*		*LEN*	*526057104*	*3/29/05*	*Annual*
1.01	Elect Stuart A. Miller			MGMT	YES	WHOLD	AGNST
1.02	Elect Steven J. Saiontz			MGMT	YES	WHOLD	AGNST
1.03	Elect Robert J. Strudler			MGMT	YES	WHOLD	AGNST
2.00	Report or take action on climate change			SHLDR	YES	AGNST	FOR

*Lexmark International Inc*		*LXK*	*529771107*	*4/28/05*	*Annual*
1.01	Elect B. Charles Ames			MGMT	YES	FOR	FOR
1.02	Elect Ralph E. Gomory			MGMT	YES	FOR	FOR
1.03	Elect Marvin L. Mann			MGMT	YES	WHOLD	AGNST
1.04	Elect Teresa Beck			MGMT	YES	FOR	FOR
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Linear Technology Corp*		*LLTC*	*535678106*	*11/3/04*	*Annual*
1.01	Elect Robert H. Swanson Jr.			MGMT	YES	FOR	FOR
1.02	Elect David S. Lee			MGMT	YES	FOR	FOR
1.03	Elect Leo T. McCarthy			MGMT	YES	FOR	FOR
1.04	Elect Richard M. Moley			MGMT	YES	FOR	FOR
1.05	Elect Thomas S. Volpe			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Liz Claiborne Inc*		*LIZ*	*539320101*	*5/19/05*	*Annual*
1.01	Elect Paul R. Charron			MGMT	YES	FOR	FOR
1.02	Elect Kay Koplovitz			MGMT	YES	FOR	FOR
1.03	Elect Oliver R. Sockwell			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the Liz Claiborne Long Term Performance Plan			MGMT	YES	FOR	FOR
4.00	Adopt the 2005 Stock Incentive Plan			MGMT	YES	AGNST	AGNST

*Lockheed Martin Corp*		*LMT*	*539830109*	*4/28/05*	*Annual*
1.01	Elect E.C. Aldridge Jr.			MGMT	YES	WHOLD	AGNST
1.02	Elect Nolan D. Archibald			MGMT	YES	WHOLD	AGNST
1.03	Elect Marcus C. Bennett			MGMT	YES	WHOLD	AGNST
1.04	Elect James O.Ellis			MGMT	YES	WHOLD	AGNST
1.05	Elect Gwendolyn S. King			MGMT	YES	WHOLD	AGNST
1.06	Elect Douglas H. McCorkindale			MGMT	YES	WHOLD	AGNST
1.07	Elect Eugene F. Murphy			MGMT	YES	WHOLD	AGNST
1.08	Elect Joseph W. Ralston			MGMT	YES	WHOLD	AGNST
1.09	Elect Frank Savage			MGMT	YES	WHOLD	AGNST
1.10	Elect Anne Stevens			MGMT	YES	FOR	FOR
1.11	Elect Robert J. Stevens			MGMT	YES	WHOLD	AGNST
1.12	Elect James R. Ukropina			MGMT	YES	WHOLD	AGNST
1.13	Elect Douglas C. Yearley			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add Shares to Stock Incentive Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Eliminate supermajority provision			SHLDR	YES	FOR	AGNST
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
7.00	Review/develop broad social standards			SHLDR	YES	AGNST	FOR

*Lowe's Companies Inc*		*LOW*	*548661107*	*5/27/05*	*Annual*
1.01	Elect Robert Alexander Ingram			MGMT	YES	WHOLD	AGNST
1.02	Elect Richard K. Lochridge			MGMT	YES	FOR	FOR
1.03	Elect Robert L. Johnson			MGMT	YES	FOR	FOR
2.00	Amend Director Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Manor Care Inc*		*HCR*	*564055101*	*5/10/05*	*Annual*
1.01	Elect Mary Taylor Behrens			MGMT	YES	FOR	FOR
1.02	Elect Joseph F. Damico			MGMT	YES	FOR	FOR
1.03	Elect John T. Schwieters			MGMT	YES	FOR	FOR
1.04	Elect Gail R. Wilensky			MGMT	YES	FOR	FOR
2.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR

*Marathon Oil Corp*		*MRO*	*565849106*	*4/27/05*	*Annual*
1.01	Elect Shirley A. Jackson			MGMT	YES	FOR	FOR
1.02	Elect Philip Lader			MGMT	YES	FOR	FOR
1.03	Elect Seth E. Schofield			MGMT	YES	FOR	FOR
1.04	Elect Douglas C. Yearley			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Repeal classified board			SHLDR	YES	FOR	AGNST
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR

*Masco Corp*		*MAS*	*574599106*	*5/10/05*	*Annual*
1.01	Elect Verne G. Istock			MGMT	YES	FOR	FOR
1.02	Elect David L. Johnston			MGMT	YES	FOR	FOR
1.03	Elect J. Michael Losh			MGMT	YES	WHOLD	AGNST
1.04	Elect Dennis W. Archer			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Long Term Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Maxim Integrated Products*		*MXIM*	*57772K101*	*9/17/04*	*Special*
1.00	Add Shares to Stock Option Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Option Plan

*Maxim Integrated Products*		*MXIM*	*57772K101*	*11/18/04*	*Annual*
1.01	Elect James R. Bergman			MGMT	YES	WHOLD	AGNST
1.02	Elect John F. Gifford			MGMT	YES	WHOLD	AGNST
1.03	Elect B. Kipling Hagopian			MGMT	YES	WHOLD	AGNST
1.04	Elect M.D. Sampels			MGMT	YES	WHOLD	AGNST
1.05	Elect A.R. Frank Wazzan			MGMT	YES	WHOLD	AGNST
2.00	Add Shares to Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	AGNST	AGNST

*MBNA Corp*		*KRB*	*55262L100*	*5/2/05*	*Annual*
1.01	Elect James H. Berick			MGMT	YES	WHOLD	AGNST
1.02	Elect Mary M. Boies			MGMT	YES	WHOLD	AGNST
1.03	Elect Benjamin R. Civiletti			MGMT	YES	WHOLD	AGNST
1.04	Elect Bruce L. Hammonds			MGMT	YES	WHOLD	AGNST
1.05	Elect William L. Jews			MGMT	YES	WHOLD	AGNST
1.06	Elect Randolph D. Lerner			MGMT	YES	WHOLD	AGNST
1.07	Elect Stuart L. Markowitz			MGMT	YES	WHOLD	AGNST
1.08	Elect William B. Milstead			MGMT	YES	WHOLD	AGNST
1.09	Elect Thomas G. Murdough			MGMT	YES	WHOLD	AGNST
1.10	Elect Laura S. Unger			MGMT	YES	WHOLD	AGNST
2.00	Ratify selection of auditors			MGMT	YES	AGNST	AGNST
3.00	Expense stock options			SHLDR	YES	AGNST	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*McDonald's Corp*		*MCD*	*580135101*	*5/11/05*	*Annual*
1.01	Elect Hall Adams Jr.			MGMT	YES	FOR	FOR
1.02	Elect Cary D. McMillan			MGMT	YES	FOR	FOR
1.03	Elect Michael J. Roberts			MGMT	YES	FOR	FOR
1.04	Elect James A. Skinner			MGMT	YES	FOR	FOR
1.05	Elect Anne-Marie Slaughter			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Review or curb bioengineering			SHLDR	YES	AGNST	FOR

*Medco Health Solutions Inc*		*MHS*	*58405U102*	*5/31/05*	*Annual*
1.01	Elect John L. Cassis			MGMT	YES	FOR	FOR
1.02	Elect Michael Goldstein			MGMT	YES	WHOLD	AGNST
1.03	Elect Blenda J. Wilson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2002 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Adopt the 2003 Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
5.00	Adopt the Executive Incentive Compensation Plan			MGMT	YES	FOR	FOR

*Medtronic Inc*		*MDT*	*585055106*	*8/26/04*	*Annual*
1.01	Elect William R. Brody			MGMT	YES	WHOLD	AGNST
1.02	Elect Arthur D. Collins Jr.			MGMT	YES	FOR	FOR
1.03	Elect Antonio M. Gotto Jr.			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Limit or End Charitable Giving			SHLDR	YES	AGNST	FOR

*Michaels Stores Inc*		*MIK*	*594087108*	*6/16/05*	*Annual*
1.01	Elect Charles J. Wyly Jr.			MGMT	YES	FOR	FOR
1.02	Elect Sam Wyly			MGMT	YES	FOR	FOR
1.03	Elect Richard E. Hanlon			MGMT	YES	FOR	FOR
1.04	Elect Richard C. Marcus			MGMT	YES	FOR	FOR
1.05	Elect Liz Minyard			MGMT	YES	FOR	FOR
1.06	Elect Cece Smith			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt the 2005 Incentive Compensation Plan			MGMT	YES	AGNST	AGNST

*Micron Technology Inc*		MU	*595112103*	*11/18/04*	*Annual*
1.01	Elect Steven R. Appleton			MGMT	YES	FOR	FOR
1.02	Elect James W. Bagley			MGMT	YES	FOR	FOR
1.03	Elect Ronald C. Foster			MGMT	YES	FOR	FOR
1.04	Elect Robert A. Lothrop			MGMT	YES	FOR	FOR
1.05	Elect Thomas T. Nicholson			MGMT	YES	FOR	FOR
1.06	Elect Gordon C. Smith			MGMT	YES	FOR	FOR
1.07	Elect William P. Weber			MGMT	YES	FOR	FOR
2.00	Add Shares to Employee Stock Purchase Plan			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
5.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Microsoft Corp*		*MSFT*	*594918104*	*11/9/04*	*Annual*
1.01	Elect William H. Gates III			MGMT	YES	FOR	FOR
1.02	Elect Steven A. Ballmer			MGMT	YES	FOR	FOR
1.03	Elect James I. Cash Jr.			MGMT	YES	FOR	FOR
1.04	Elect Raymond V. Gilmartin			MGMT	YES	FOR	FOR
1.05	Elect Ann McLaughlin Korologos			MGMT	YES	FOR	FOR
1.06	Elect David F. Marquardt			MGMT	YES	FOR	FOR
1.07	Elect Charles H. Noski			MGMT	YES	FOR	FOR
1.08	Elect Helmut Panke			MGMT	YES	FOR	FOR
1.09	Elect Jon A. Shirley			MGMT	YES	FOR	FOR
2.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
3.00	Amend Director Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Reapprove Option/Bonus Plan for OBRA			MGMT	YES	FOR	FOR
5.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Molson Coors Brewing Co*		*TAP*	*60871R209*	*5/11/05*	*Annual*
1.11	Elect John E. Cleghorn			MGMT	YES	WHOLD	AGNST
1.12	Elect Charles M. Herington			MGMT	YES	WHOLD	AGNST
1.13	Elect David P. O'Brien			MGMT	YES	WHOLD	AGNST

*Motorola Inc*		*MOT*	*620076109*	*5/2/05*	*Annual*
1.01	Elect Edward J. Zander			MGMT	YES	FOR	FOR
1.02	Elect H. Laurance Fuller			MGMT	YES	FOR	FOR
1.03	Elect Judy C. Lewent			MGMT	YES	FOR	FOR
1.04	Elect Walter E. Massey			MGMT	YES	FOR	FOR
1.05	Elect Thomas J. Meredith			MGMT	YES	FOR	FOR
1.06	Elect Nicholas Negroponte			MGMT	YES	FOR	FOR
1.07	Elect Indra K. Nooyi			MGMT	YES	FOR	FOR
1.08	Elect Samuel C. Scott III			MGMT	YES	FOR	FOR
1.09	Elect Ron Sommer			MGMT	YES	FOR	FOR
1.10	Elect James R. STENGEL			MGMT	YES	FOR	FOR
1.11	Elect Douglas A. Warner III			MGMT	YES	FOR	FOR
1.12	Elect John A. White			MGMT	YES	FOR	FOR
2.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
3.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR

*Nike Inc*		*NKE*	*654106103*	*9/20/04*	*Annual*
1.01	Elect Jill K. Conway			MGMT	YES	FOR	FOR
1.02	Elect Alan B. Graf Jr.			MGMT	YES	FOR	FOR
1.03	Elect Jeanne P. Jackson			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Norfolk Southern Corp*		*NSC*	*655844108*	*5/12/05*	*Annual*
1.01	Elect Gerald L. Baliles			MGMT	YES	FOR	FOR
1.02	Elect Gene R. Carter			MGMT	YES	FOR	FOR
1.03	Elect Charles W. MoormanIV			MGMT	YES	FOR	FOR
1.04	Elect J. Paul Reason			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Amend Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Amend annual bonus plan			MGMT	YES	FOR	FOR

*NVR Inc*		*NVR*	*62944T105*	*5/4/05*	*Annual*
1.01	Elect Dwight C. Schar			MGMT	YES	FOR	FOR
1.02	Elect Robert C. Butler			MGMT	YES	FOR	FOR
1.03	Elect George E. Slye			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR

*Oracle Corp*		*ORCL*	*68389X105*	*10/29/04*	*Annual*
1.01	Elect Jeffrey O. Henley			MGMT	YES	FOR	FOR
1.02	Elect Lawrence J. Ellison			MGMT	YES	FOR	FOR
1.03	Elect Donald L. Lucas			MGMT	YES	FOR	FOR
1.04	Elect Michael J. Boskin			MGMT	YES	FOR	FOR
1.05	Elect Jack F. Kemp			MGMT	YES	FOR	FOR
1.06	Elect Jeffrey Berg			MGMT	YES	FOR	FOR
1.07	Elect Safra Catz			MGMT	YES	FOR	FOR
1.08	Elect Hector Garcia-Molina			MGMT	YES	FOR	FOR
1.09	Elect Joseph Grundfest			MGMT	YES	FOR	FOR
1.10	Elect H. Raymond Bingham			MGMT	YES	WHOLD	AGNST
1.11	Elect Charles E. Phillips Jr.			MGMT	YES	FOR	FOR
2.00	Approve Annual Bonus Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
4.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
5.00	China--Adopt Code of Conduct			SHLDR	YES	AGNST	FOR

*PacifiCare Health Systems*		*PHS*	*695112102*	*5/19/05*	*Annual*
1.01	Elect Aida Alvarez			MGMT	YES	FOR	FOR
1.02	Elect Bradly C. Call			MGMT	YES	FOR	FOR
1.03	Elect Terry O. Hartshorn			MGMT	YES	FOR	FOR
1.04	Elect Dominic Ng			MGMT	YES	FOR	FOR
1.05	Elect Howard G. Phanstiel			MGMT	YES	FOR	FOR
1.06	Elect Warren E. Pinckert II			MGMT	YES	FOR	FOR
1.07	Elect David A. Reed			MGMT	YES	FOR	FOR
1.08	Elect Charles R. Rinehart			MGMT	YES	FOR	FOR
1.09	Elect Linda Rosenstock			MGMT	YES	FOR	FOR
1.10	Elect Lloyd E. Ross			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Equity Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Patterson Companies Inc*		*PDCO*	*703395103*	*9/13/04*	*Annual*
1.01	Elect Ellen A. Rudnick			MGMT	YES	FOR	FOR
1.02	Elect Peter L. Frechette			MGMT	YES	FOR	FOR
1.03	Elect David K. Beecken			MGMT	YES	WHOLD	AGNST
2.00	Amend Stock Option Plan			MGMT	YES	FOR	FOR
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*PepsiCo Inc*		*PEP*	*713448108*	*5/4/05*	*Annual*
1.01	Elect John F. Akers			MGMT	YES	FOR	FOR
1.02	Elect Robert E. Allen			MGMT	YES	FOR	FOR
1.03	Elect Ray L. Hunt			MGMT	YES	FOR	FOR
1.04	Elect Arthur C. Martinez			MGMT	YES	FOR	FOR
1.05	Elect Indra K. Nooyi			MGMT	YES	FOR	FOR
1.06	Elect Steven S. Reinemund			MGMT	YES	FOR	FOR
1.07	Elect Sharon Percy Rockefeller			MGMT	YES	FOR	FOR
1.08	Elect James J. Schiro			MGMT	YES	FOR	FOR
1.09	Elect Franklin A. Thomas			MGMT	YES	FOR	FOR
1.10	Elect Cynthia M. Trudell			MGMT	YES	FOR	FOR
1.11	Elect Solomon D. Trujillo			MGMT	YES	FOR	FOR
1.12	Elect Daniel Vasella			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR

*Pfizer Inc*		*PFE*	*717081103*	*4/28/05*	*Annual*
1.01	Elect Michael S. Brown			MGMT	YES	FOR	FOR
1.02	Elect M. Anthony Burns			MGMT	YES	FOR	FOR
1.03	Elect Robert N. Burt			MGMT	YES	FOR	FOR
1.04	Elect W. Don Cornwell			MGMT	YES	FOR	FOR
1.05	Elect William H. Gray III			MGMT	YES	FOR	FOR
1.06	Elect Constance J. Horner			MGMT	YES	FOR	FOR
1.07	Elect William R. Howell			MGMT	YES	FOR	FOR
1.08	Elect Stanley O. Ikenberry			MGMT	YES	FOR	FOR
1.09	Elect George A. Lorch			MGMT	YES	FOR	FOR
1.10	Elect Henry A. McKinnell Jr.			MGMT	YES	FOR	FOR
1.11	Elect Dana G. Mead			MGMT	YES	FOR	FOR
1.12	Elect Ruth J. Simmons			MGMT	YES	FOR	FOR
1.13	Elect William C. Steere Jr.			MGMT	YES	FOR	FOR
1.14	Elect Jean-Paul Valles			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Director tenure/retirement age			SHLDR	YES	AGNST	FOR
4.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
5.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
6.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
7.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
8.00	Independent board chairman			SHLDR	YES	AGNST	FOR

*Procter & Gamble Co*		PG	*742718109*	*10/12/04*	*Annual*
1.01	Elect R. Kerry Clark			MGMT	YES	FOR	FOR
1.02	Elect Joseph T. Gorman			MGMT	YES	FOR	FOR
1.03	Elect Lynn M. Martin			MGMT	YES	FOR	FOR
1.04	Elect Ralph Snyderman			MGMT	YES	FOR	FOR
1.05	Elect Robert D. Storey			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
4.00	Repeal Classified Board			MGMT	YES	AGNST	FOR
5.00	Review or Promote Animal Welfare			SHLDR	YES	AGNST	FOR

*Progressive Corp*		*PGR*	*743315103*	*4/15/05*	*Annual*
1.01	Elect Charles A. Davis			MGMT	YES	WHOLD	AGNST
1.02	Elect Bernadine P. Healy			MGMT	YES	FOR	FOR
1.03	Elect Jeffrey D. Kelly			MGMT	YES	FOR	FOR
2.00	No shareholder approval to fill vacancy			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Putnam Prime Money Market Fund*			*746763432*	*11/11/04*	*Special*
1.01	Elect Trustee J.A. Baxter			MGMT	YES	FOR	FOR
1.02	Elect Trustee E.T. Kennan			MGMT	YES	FOR	FOR
1.03	Elect Trustee C.B. Curtis			MGMT	YES	FOR	FOR
1.04	Elect Trustee J.H. Mullin, III			MGMT	YES	FOR	FOR
1.05	Elect Trustee M.R. Drucker			MGMT	YES	FOR	FOR
1.06	Elect Trustee R.E. Patterson			MGMT	YES	FOR	FOR
1.07	Elect Trustee C.E. Haldeman, Jr.			MGMT	YES	FOR	FOR
1.08	Elect Trustee G. Putnam, III			MGMT	YES	FOR	FOR
1.09	Elect Trustee J.A. Hill			MGMT	YES	FOR	FOR
1.10	Elect Trustee A.J.C. Smith			MGMT	YES	FOR	FOR
1.11	Elect Trustee R. J. Jackson			MGMT	YES	FOR	FOR
1.12	Elect Trustee W.T. Stephens			MGMT	YES	FOR	FOR
1.13	Elect Trustee P.L. Joskow			MGMT	YES	FOR	FOR
1.14	Elect Trustee R.B. Worley			MGMT	YES	FOR	FOR
2.00	Amend fund's fundamental investment restriction with respect to borrowing			MGMT	N/A	N/A	N/A
2.01	Amend fund's fundamental investment restriction with respect to making loans			MGMT	N/A	N/A	N/A
2.02	Amend fund's fundamental investment restriction with respect to diversification of investments			MGMT	YES	FOR	FOR
2.03	Amend fund's fundamental investment restriction with respect to issuance of senior securities			MGMT	N/A	N/A	N/A
2.04	Amend fund's fundamental investment restriction with respect to purchasing or selling options, puts, calls, straddles and spreads			MGMT	N/A	N/A	N/A
2.05	Amend fund's fundamental investment restriction with respect to investments in commodities			MGMT	N/A	N/A	N/A
3.00	Amend fund's Agreement and Declaration of Trust			MGMT	YES	FOR	FOR

*QLogic Corp*		*QLGC*	*747277101*	*8/24/04*	*Annual*
1.01	Elect H. K. Desai			MGMT	YES	FOR	FOR
1.02	Elect Larry R. Carter			MGMT	YES	FOR	FOR
1.03	Elect James R. Fiebiger			MGMT	YES	FOR	FOR
1.04	Elect Balakrishnan S. Iyer			MGMT	YES	FOR	FOR
1.05	Elect Carol L. Miltner			MGMT	YES	FOR	FOR
1.06	Elect George D. Wells			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Qualcomm Inc*		*QCOM*	*747525103*	*3/8/05*	*Annual*
1.01	Elect Robert E. Kahn			MGMT	YES	FOR	FOR
1.02	Elect Duane A. Nelles			MGMT	YES	FOR	FOR
1.03	Elect Brent Scowcroft			MGMT	YES	FOR	FOR
2.00	Repeal classified board			MGMT	YES	FOR	FOR
	Eliminate cumulative Voting
3.00	Increase authorized common stock			MGMT	YES	FOR	FOR
4.00	Approve technical amendments			MGMT	YES	FOR	FOR
5.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Respironics Inc*		*RESP*	*761230101*	*11/16/04*	*Annual*
1.01	Elect Douglas A. Cotter			MGMT	YES	FOR	FOR
1.02	Elect Gerald E. McGinnis			MGMT	YES	FOR	FOR
1.03	Elect Craig B. Reynolds			MGMT	YES	FOR	FOR
1.04	Elect Candace Littell			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Royal Caribbean Cruises Ltd*		*RCL*	*V7780T103*	*5/17/05*	*Annual*
1.01	Elect Laura Laviada			MGMT	YES	AGNST	AGNST
1.02	Elect Eyal Ofer			MGMT	YES	AGNST	AGNST
1.03	Elect William K. Reilly			MGMT	YES	AGNST	AGNST
1.04	Elect Arne Alexander Wilhelmsen			MGMT	YES	AGNST	AGNST
2.00	Appoint outside auditors			MGMT	YES	FOR	FOR

*Southwest Airlines*		*LUV*	*844741108*	*5/18/05*	*Annual*
1.01	Elect Colleen C. Barrett			MGMT	YES	FOR	FOR
1.02	Elect Gary C. Kelly			MGMT	YES	FOR	FOR
1.03	Elect John T. Montford			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*St Jude Medical Inc*		*STJ*	*790849103*	*5/11/05*	*Annual*
1.01	Elect Richard R. Devenuti			MGMT	YES	FOR	FOR
1.02	Elect Stuart M. Essig			MGMT	YES	FOR	FOR
1.03	Elect Thomas H. Garrett III			MGMT	YES	FOR	FOR
1.04	Elect Wendy L. Yarno			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Limit non-audit fees			SHLDR	YES	AGNST	FOR

*Staples Inc*		*SPLS*	*855030102*	*6/13/05*	*Annual*
1.01	Elect Brenda C. Barnes			MGMT	YES	FOR	FOR
1.02	Elect Mary Elizabeth Burton			MGMT	YES	FOR	FOR
1.03	Elect Richard J. Currie			MGMT	YES	FOR	FOR
1.04	Elect Rowland T. Moriarty			MGMT	YES	FOR	FOR
2.00	Add shares to the 2004 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Redeem or vote on poison pill			SHLDR	YES	FOR	AGNST

*Starbucks Corp*		*SBUX*	*855244109*	*2/9/05*	*Annual*
1.01	Elect Barbara Bass			MGMT	YES	FOR	FOR
1.02	Elect Mellody Hobson			MGMT	YES	FOR	FOR
1.03	Elect Olden Lee			MGMT	YES	FOR	FOR
1.04	Elect Howard Schultz			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Review global labor practices			SHLDR	YES	AGNST	FOR

*Steris Corp*		*STE*	*859152100*	*7/28/04*	*Annual*
1.01	Elect Kevin M. McMullen			MGMT	YES	FOR	FOR
1.02	Elect Jerry E. Robertson			MGMT	YES	FOR	FOR
1.03	Elect John P. Wareham			MGMT	YES	FOR	FOR
1.04	Elect Loyal W. Wilson			MGMT	YES	FOR	FOR
2.00	Repeal Classified Board			MGMT	YES	FOR	FOR
	Approve Board Size
3.00	Approve Non-Technical Charter Amendments			MGMT	YES	FOR	FOR
4.00	Majority Vote Shareholder Committee			SHLDR	YES	AGNST	FOR

*Storage Technology Corp*		*STK*	*862111200*	*4/27/05*	*Annual*
1.01	Elect James R. Adams			MGMT	YES	FOR	FOR
1.02	Elect Charles E. Foster			MGMT	YES	FOR	FOR
1.03	Elect Mercedes Johnson			MGMT	YES	FOR	FOR
1.04	Elect William T. Kerr			MGMT	YES	FOR	FOR
1.05	Elect Robert E. Lee			MGMT	YES	FOR	FOR
1.06	Elect Patrick J. Martin			MGMT	YES	FOR	FOR
1.07	Elect Judy C. Odom			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt cumulative voting			SHLDR	YES	AGNST	FOR
4.00	Counting shareholder votes			SHLDR	YES	AGNST	FOR

*SuperValu Inc*		*SVU*	*868536103*	*6/15/05*	*Annual*
1.01	Elect Edwin C. Gage			MGMT	YES	FOR	FOR
1.02	Elect Garnett L. Keith Jr.			MGMT	YES	FOR	FOR
1.03	Elect Marissa Peterson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Add shares to the 2002 Stock Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
4.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR

*Symantec Corp*		*SYMC*	*871503108*	*9/15/04*	*Annual*
1.01	Elect Tania Amochaev			MGMT	YES	FOR	FOR
1.02	Elect William Coleman			MGMT	YES	FOR	FOR
1.03	Elect Franciscus Lion			MGMT	YES	FOR	FOR
1.04	Elect David Mahoney			MGMT	YES	FOR	FOR
1.05	Elect Robert Stevens Miller Jr.			MGMT	YES	FOR	FOR
1.06	Elect George Reyes			MGMT	YES	FOR	FOR
1.07	Elect Daniel H. Schulman			MGMT	YES	FOR	FOR
1.08	Elect John W. Thompson			MGMT	YES	FOR	FOR
2.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Add Shares to Director Stock Award Plan			MGMT	YES	FOR	FOR
5.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Symantec Corp*		*SYMC*	*871503108*	*6/24/05*	*Special*
1.00	Approve merger/acquisition			MGMT	YES	FOR	FOR
2.00	Increase authorized common stock			MGMT	YES	FOR	FOR
3.00	Adjourn meeting			MGMT	YES	FOR	FOR

*Sysco Corp*		*SYY*	*871829107*	*11/12/04*	*Annual*
1.01	Elect Colin G. Campbell			MGMT	YES	FOR	FOR
1.02	Elect John M. Cassaday			MGMT	YES	FOR	FOR
1.03	Elect John K. Stubblefield			MGMT	YES	FOR	FOR
1.04	Elect Jackie M. Ward			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Option Plan			MGMT	YES	FOR	FOR
4.00	Approve Long-Term Bonus Plan			MGMT	YES	FOR	FOR
5.00	Review or Curb Bioengineering			SHLDR	YES	AGNST	FOR

*Texas Instruments Inc*		*TXN*	*882508104*	*4/21/05*	*Annual*
1.01	Elect James R. Adams			MGMT	YES	FOR	FOR
1.02	Elect David L. Boren			MGMT	YES	FOR	FOR
1.03	Elect Daniel A. Carp			MGMT	YES	FOR	FOR
1.04	Elect Carrie S. Cox			MGMT	YES	FOR	FOR
1.05	Elect Thomas J. Engibous			MGMT	YES	FOR	FOR
1.06	Elect Gerald W. Fronterhouse			MGMT	YES	FOR	FOR
1.07	Elect David R. Goode			MGMT	YES	FOR	FOR
1.08	Elect Pamela H. Patsley			MGMT	YES	FOR	FOR
1.09	Elect Wayne R. Sanders			MGMT	YES	FOR	FOR
1.10	Elect Ruth J. Simmons			MGMT	YES	FOR	FOR
1.11	Elect Richard K. Templeton			MGMT	YES	FOR	FOR
1.12	Elect Christine Todd Whitman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt employee stock purchase plan			MGMT	YES	FOR	FOR
4.00	Reapprove option/bonus plan for OBRA			MGMT	YES	FOR	FOR

*Timberland Co*		*TBL*	*887100105*	*5/19/05*	*Annual*
1.01	Elect Sidney W. Swartz			MGMT	YES	WHOLD	AGNST
1.02	Elect Jeffrey B. Swartz			MGMT	YES	WHOLD	AGNST
1.03	Elect Ian W. Diery			MGMT	YES	WHOLD	AGNST
1.04	Elect Irene M. Esteves			MGMT	YES	WHOLD	AGNST
1.05	Elect John A. Fitzsimmons			MGMT	YES	WHOLD	AGNST
1.06	Elect Virginia H. Kent			MGMT	YES	WHOLD	AGNST
1.07	Elect Kenneth T. Lombard			MGMT	YES	WHOLD	AGNST
1.08	Elect Edward W. Moneypenny			MGMT	YES	WHOLD	AGNST
1.09	Elect Peter R. Moore			MGMT	YES	WHOLD	AGNST
1.10	Elect Bill Shore			MGMT	YES	WHOLD	AGNST
1.11	Elect Terdema L. Ussery II			MGMT	YES	WHOLD	AGNST

*Time Warner Inc*			*887317105*	*5/20/05*	*Annual*
1.01	Elect James L. Barksdale			MGMT	YES	FOR	FOR
1.02	Elect Stephen F. Bollenbach			MGMT	YES	FOR	FOR
1.03	Elect Stephen M. Case			MGMT	YES	FOR	FOR
1.04	Elect Frank J. Caufield			MGMT	YES	FOR	FOR
1.05	Elect Robert C. Clark			MGMT	YES	FOR	FOR
1.06	Elect Jessica P. Einhorn			MGMT	YES	FOR	FOR
1.07	Elect Miles R. Gilburne			MGMT	YES	FOR	FOR
1.08	Elect Carla A. Hills			MGMT	YES	FOR	FOR
1.09	Elect Reuben Mark			MGMT	YES	FOR	FOR
1.10	Elect Michael A. Miles			MGMT	YES	WHOLD	AGNST
1.11	Elect Kenneth J. Novack			MGMT	YES	FOR	FOR
1.12	Elect Richard D. Parsons			MGMT	YES	FOR	FOR
1.13	Elect Robert E. Turner			MGMT	YES	FOR	FOR
1.14	Elect Francis T. Vincent Jr.			MGMT	YES	FOR	FOR
1.15	Elect Deborah C. Wright			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Link executive pay to social criteria			SHLDR	YES	AGNST	FOR

*U S Bancorp*		*USB*	*902973304*	*4/19/05*	*Annual*
1.01	Elect Joel W. Johnson			MGMT	YES	FOR	FOR
1.02	Elect David B. O'Maley			MGMT	YES	FOR	FOR
1.03	Elect O'Dell M. Owens			MGMT	YES	FOR	FOR
1.04	Elect Craig D. Schnuck			MGMT	YES	WHOLD	AGNST
1.05	Elect Warren R. Staley			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Elim. supermajority requirement for business trans			MGMT	YES	FOR	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Limit non-audit fees			SHLDR	YES	AGNST	FOR

*United Technologies Corp*		*UTX*	*913017109*	*4/13/05*	*Annual*
1.01	Elect George David			MGMT	YES	FOR	FOR
1.02	Elect Jean-Pierre Garnier			MGMT	YES	FOR	FOR
1.03	Elect Jamie S. Gorelick			MGMT	YES	FOR	FOR
1.04	Elect Charles R. Lee			MGMT	YES	FOR	FOR
1.05	Elect Richard D. McCormick			MGMT	YES	FOR	FOR
1.06	Elect Harold W. McGraw III			MGMT	YES	FOR	FOR
1.07	Elect Frank P. Popoff			MGMT	YES	FOR	FOR
1.08	Elect H. Patrick Swygert			MGMT	YES	FOR	FOR
1.09	Elect Andre Villeneuve			MGMT	YES	FOR	FOR
1.10	Elect Harold A. Wagner			MGMT	YES	FOR	FOR
1.11	Elect Christine Todd Whitman			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Disclose executive compensation			SHLDR	YES	AGNST	FOR
5.00	Review military contracting criteria			SHLDR	YES	AGNST	FOR
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*UnitedHealth Group Inc*		*UNH*	*91324P102*	*5/3/05*	*Annual*
1.01	Elect Thomas H. Kean			MGMT	YES	WHOLD	AGNST
1.02	Elect Robert L. Ryan			MGMT	YES	FOR	FOR
1.03	Elect William G. Spears			MGMT	YES	FOR	FOR
1.04	Elect Gail R. Wilensky			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
4.00	Award performance-based stock options			SHLDR	YES	AGNST	FOR

*Valero Energy Corp*		*VLO*	*91913Y100*	*9/13/04*	*Special*
1.00	Increase Authorized Common Stock			MGMT	YES	FOR	FOR

*Valero Energy Corp*		*VLO*	*91913Y100*	*4/28/05*	*Annual*
1.01	Elect William E. Bradford			MGMT	YES	FOR	FOR
1.02	Elect Ronald K. Calgaard			MGMT	YES	FOR	FOR
1.03	Elect William E. Greehey			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR

*Varian Medical Systems*		*VAR*	*92220P105*	*2/17/05*	*Annual*
1.01	Elect Susan L. Bostrom			MGMT	YES	FOR	FOR
1.02	Elect Richard M. Levy			MGMT	YES	FOR	FOR
1.03	Elect Allen S. Lichter			MGMT	YES	FOR	FOR
1.04	Elect R. Andrew Eckert			MGMT	YES	FOR	FOR
2.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*VERITAS Software Co*		*VRTS*	*923436109*	*8/25/04*	*Annual*
1.01	Elect Michael A. Brown			MGMT	YES	FOR	FOR
1.02	Elect Kurt J. Lauk			MGMT	YES	FOR	FOR
1.03	Elect Fred van den Bosch			MGMT	YES	FOR	FOR
2.00	Add Shares to Stock Option Plan			MGMT	YES	FOR	FOR
	Amend Stock Option Plan
3.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Vulcan Materials Co*		*VMC*	*929160109*	*5/13/05*	*Annual*
1.01	Elect Livio D. DeSimone			MGMT	YES	FOR	FOR
1.02	Elect Philip J. Carroll Jr.			MGMT	YES	FOR	FOR
1.03	Elect Donald M. James			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Wal-Mart Stores*		*WMT*	*931142103*	*6/3/05*	*Annual*
1.01	Elect James W. Breyer			MGMT	YES	FOR	FOR
1.02	Elect M. Michele Burns			MGMT	YES	FOR	FOR
1.03	Elect Douglas N. Daft			MGMT	YES	FOR	FOR
1.04	Elect David D. Glass			MGMT	YES	FOR	FOR
1.05	Elect Roland A. Hernandez			MGMT	YES	FOR	FOR
1.06	Elect John D. Opie			MGMT	YES	FOR	FOR
1.07	Elect J. Paul Reason			MGMT	YES	FOR	FOR
1.08	Elect H. Lee Scott Jr.			MGMT	YES	FOR	FOR
1.09	Elect Jack C. Shewmaker			MGMT	YES	FOR	FOR
1.10	Elect Jose H. Villarreal			MGMT	YES	FOR	FOR
1.11	Elect John T. Walton			MGMT	YES	FOR	FOR
1.12	Elect S. Robson Walton			MGMT	YES	FOR	FOR
1.13	Elect Christopher J. Williams			MGMT	YES	FOR	FOR
1.14	Elect Linda S. Wolf			MGMT	YES	FOR	FOR
2.00	Adopt the 2005 Stock Incentive Plan			MGMT	YES	AGNST	AGNST
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
5.00	Report on sustainability			SHLDR	YES	AGNST	FOR
6.00	Link executive pay to social criteria			SHLDR	YES	AGNST	FOR
7.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
8.00	Report on EEO			SHLDR	YES	AGNST	FOR
9.00	Majority vote to elect directors			SHLDR	YES	AGNST	FOR
10.00	Increase board independence			SHLDR	YES	FOR	AGNST
11.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*Wellchoice*		WC	*949475107*	*5/18/05*	*Annual*
1.01	Elect John F. McGillicuddy			MGMT	YES	FOR	FOR
1.02	Elect Frederick O. Terrell			MGMT	YES	FOR	FOR
1.03	Elect John R. Gunn			MGMT	YES	FOR	FOR
1.04	Elect Hermes L. Ames III			MGMT	YES	FOR	FOR
1.05	Elect Louis R. Tomson			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*WellPoint Inc*		*WLP*	*94973V107*	*5/10/05*	*Annual*
1.01	Elect William H.T. Bush			MGMT	YES	FOR	FOR
1.02	Elect Warren Y. Jobe			MGMT	YES	FOR	FOR
1.03	Elect William G. Mays			MGMT	YES	FOR	FOR
1.04	Elect Donald W. Riegle Jr.			MGMT	YES	FOR	FOR
1.05	Elect William J. Ryan			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR

*Wells Fargo & Co*		*WFC*	*949746101*	*4/26/05*	*Annual*
1.01	Elect John A. Blanchard III			MGMT	YES	FOR	FOR
1.02	Elect Susan E. Engel			MGMT	YES	FOR	FOR
1.03	Elect Enrique Hernandez Jr.			MGMT	YES	WHOLD	AGNST
1.04	Elect Robert L. Joss			MGMT	YES	FOR	FOR
1.05	Elect Reatha Clark King			MGMT	YES	FOR	FOR
1.06	Elect Richard M. Kovacevich			MGMT	YES	FOR	FOR
1.07	Elect Richard D. McCormick			MGMT	YES	FOR	FOR
1.08	Elect Cynthia H. Milligan			MGMT	YES	WHOLD	AGNST
1.09	Elect Philip J. Quigley			MGMT	YES	FOR	FOR
1.10	Elect Donald B. Rice			MGMT	YES	WHOLD	AGNST
1.11	Elect Judith M. Runstad			MGMT	YES	WHOLD	AGNST
1.12	Elect Stephen W. Sanger			MGMT	YES	FOR	FOR
1.13	Elect Susan G. Swenson			MGMT	YES	FOR	FOR
1.14	Elect Michael W. Wright			MGMT	YES	WHOLD	AGNST
2.00	Add shares to the Long-Term Incentive Compensation Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
4.00	Review fair lending policy			SHLDR	YES	AGNST	FOR
5.00	Link executive pay to social criteria			SHLDR	YES	AGNST	FOR
6.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
7.00	Restrict executive compensation			SHLDR	YES	AGNST	FOR
8.00	Independent board chairman			SHLDR	YES	AGNST	FOR

*Whirlpool Corp*		*WHR*	*963320106*	*4/19/05*	*Annual*
1.01	Elect Herman Cain			MGMT	YES	FOR	FOR
1.02	Elect Jeff M. Fettig			MGMT	YES	FOR	FOR
1.03	Elect Miles L. Marsh			MGMT	YES	FOR	FOR
1.04	Elect Paul G. Stern			MGMT	YES	FOR	FOR
1.05	Elect MICHAEL D. WHITE			MGMT	YES	FOR	FOR
2.00	Adopt Director Stock Incentive Plan			MGMT	YES	FOR	FOR

*Wyeth*		*WYE*	*983024100*	*4/21/05*	*Annual*
1.01	Elect Richard L. Carrion			MGMT	YES	FOR	FOR
1.02	Elect Robert Essner			MGMT	YES	FOR	FOR
1.03	Elect John D. Feerick			MGMT	YES	FOR	FOR
1.04	Elect Frances D. Fergusson			MGMT	YES	FOR	FOR
1.05	Elect Robert S. Langer			MGMT	YES	FOR	FOR
1.06	Elect John P. Mascotte			MGMT	YES	FOR	FOR
1.07	Elect Mary Lake Polan			MGMT	YES	FOR	FOR
1.08	Elect Ivan G. Seidenberg			MGMT	YES	FOR	FOR
1.09	Elect Walter V. Shipley			MGMT	YES	FOR	FOR
1.10	Elect John R. Torell III			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
3.00	Adopt Stock Incentive Plan			MGMT	YES	FOR	FOR
4.00	Review drug pricing or distribution			SHLDR	YES	AGNST	FOR
5.00	Independent board chairman			SHLDR	YES	AGNST	FOR
6.00	Review political spending or lobbying			SHLDR	YES	AGNST	FOR
7.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR

*Xerox Corp*		*XRX*	*984121103*	*5/19/05*	*Annual*
1.01	Elect Glenn A. Britt			MGMT	YES	FOR	FOR
1.02	Elect Richard J. Harrington			MGMT	YES	FOR	FOR
1.03	Elect William Curt Hunter			MGMT	YES	FOR	FOR
1.04	Elect Vernon E. Jordan Jr.			MGMT	YES	WHOLD	AGNST
1.05	Elect Hilmar Kopper			MGMT	YES	FOR	FOR
1.06	Elect Ralph S. Larsen			MGMT	YES	FOR	FOR
1.07	Elect Robert A. McDonald			MGMT	YES	FOR	FOR
1.08	Elect Anne M. Mulcahy			MGMT	YES	FOR	FOR
1.09	Elect N. J. Nicholas Jr.			MGMT	YES	FOR	FOR
1.10	Elect Ann N. Reese			MGMT	YES	FOR	FOR
1.11	Elect Stephen Robert			MGMT	YES	FOR	FOR
2.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Xilinx Inc*		*XLNX*	*983919101*	*8/5/04*	*Annual*
1.01	Elect Willem P. Roelandts			MGMT	YES	FOR	FOR
1.02	Elect John L. Doyle			MGMT	YES	FOR	FOR
1.03	Elect Jerald G. Fishman			MGMT	YES	FOR	FOR
1.04	Elect Philip T. Gianos			MGMT	YES	FOR	FOR
1.05	Elect William G. Howard Jr.			MGMT	YES	FOR	FOR
1.06	Elect Harold E. Hughes, Jr.			MGMT	YES	FOR	FOR
1.07	Elect Richard W. Sevcik			MGMT	YES	FOR	FOR
1.08	Elect Elizabeth Vanderslice			MGMT	YES	FOR	FOR
2.00	Ratify Selection of Auditors			MGMT	YES	FOR	FOR

*Yahoo Inc*		*YHOO*	*984332106*	*5/19/05*	*Annual*
1.01	Elect Terry S. Semel			MGMT	YES	FOR	FOR
1.02	Elect Jerry Yang			MGMT	YES	FOR	FOR
1.03	Elect Roy J. Bostock			MGMT	YES	FOR	FOR
1.04	Elect Ronald W. Burkle			MGMT	YES	FOR	FOR
1.05	Elect Eric Hippeau			MGMT	YES	FOR	FOR
1.06	Elect Arthur H. Kern			MGMT	YES	FOR	FOR
1.07	Elect Robert A. Kotick			MGMT	YES	FOR	FOR
1.08	Elect Edward R. Kozel			MGMT	YES	FOR	FOR
1.09	Elect Gary L. Wilson			MGMT	YES	FOR	FOR
2.00	Add shares to the 1995 Stock Plan			MGMT	YES	AGNST	AGNST
	Amend Stock Incentive Plan
3.00	Amend Director Stock Incentive Plan			MGMT	YES	AGNST	AGNST
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR

*Yum Brands Inc*		*YUM*	*988498101*	*5/19/05*	*Annual*
1.00	Repeal classified board			MGMT	YES	ABSTAIN	AGNST
	Removal of directors
2.01	Elect David W. Dorman			MGMT	YES	WHOLD	AGNST
2.02	Elect Massimo Ferragamo			MGMT	YES	WHOLD	AGNST
2.03	Elect J. David Grissom			MGMT	YES	WHOLD	AGNST
2.04	Elect Bonnie Guiton Hill			MGMT	YES	WHOLD	AGNST
2.05	Elect Robert J. Holland Jr.			MGMT	YES	WHOLD	AGNST
2.06	Elect Kenneth G. Langone			MGMT	YES	WHOLD	AGNST
2.07	Elect Jonathan S. Linen			MGMT	YES	WHOLD	AGNST
2.08	Elect David C. Novak			MGMT	YES	WHOLD	AGNST
2.09	Elect Andrall E. Pearson			MGMT	YES	WHOLD	AGNST
2.10	Elect Thomas M. Ryan			MGMT	YES	WHOLD	AGNST
2.11	Elect Jackie Trujilo			MGMT	YES	WHOLD	AGNST
2.12	Elect Robert J. Ulrich			MGMT	YES	WHOLD	AGNST
3.00	Misc. board of directors			MGMT	YES	FOR	FOR
4.00	Ratify selection of auditors			MGMT	YES	FOR	FOR
5.00	Report on sustainability			SHLDR	YES	AGNST	FOR
6.00	Report on EEO			SHLDR	YES	AGNST	FOR
7.00	Urge MacBride on contractor/franchisee			SHLDR	YES	AGNST	FOR
8.00	Review or curb bioengineering			SHLDR	YES	AGNST	FOR
9.00	Review or promote animal welfare			SHLDR	YES	AGNST	FOR

Any ballot marked 'Abstain' is considered to have been voted. Ballots marked 'Abstain' are considered to be have been voted against management's recommendation, regardless of whether the recommendation is 'For' or 'Against,' except where management has made no recommendation or has recommended that shareholders 'Abstain.'

Where management has recommended that shareholders 'Abstain' from voting on a ballot item: 1) a ballot market 'Abstain' is considered to have been voted for management's recommendation to 'Abstain' and 2) a ballot voted 'For" or 'Against' is considered to have been voted against management's recommendation to 'Abstain.'

Where management has made no recommendation on a ballot item, the abbreviation "N/A" is used to denote that there is no applicable recommendation compared to which a vote may be 'For' or 'Against' the recommendation of management.

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.


Putnam Voyager Fund
- -------------------------------------------------------------------------
       (Registrant)


By /s/ Charles E. Porter, Executive Vice President, Associate Treasurer
   and Principal Executive Officer
   _______________________________________________________________________
       (Signature & Title)


Date July 28, 2005

Putnam Voyager Fund (PVOBX) Inactive N-PXAnnual report of proxy voting record