Latin American Discovery Fund (LDF) Inactive
Filed: 25 Aug 05, 12:00am
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 811-06574 -------------------------------------------- The Latin American Discovery Fund, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 1221 Avenue of the Americas, New York, New York 10020 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Amy Doberman Esq Managing Director Morgan Stanley Investment Advisors Inc. 1221 Avenue of the Americas New York, New York 10020 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 800-869-6397 ----------------------------- Date of fiscal year end: 12/31 -------------------- Date of reporting period: 7/1/04 - 6/30/05 ----------------------- ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-06574 Reporting Period: 07/01/2004 - 06/30/2005 The Latin America Discovery Fund, Inc. =================== THE LATIN AMERICAN DISCOVERY FUND, INC. ==================== ALFA S.A. Ticker: Security ID: MXP000511016 Meeting Date: APR 5, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports for Fiscal Year Ended 12-31-04 Vote 2 Approve Allocation of Income and For Did Not Management Dividends; Set Maximum Limit of Share Vote Repurchase Reserve 3 Elect Members to Management and For Did Not Management Supervisory Board; Determine Their Vote Respective Remuneration 4 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote 5 Approve Minutes of Meeting For Did Not Management Vote - -------------------------------------------------------------------------------- ALFA S.A. Ticker: Security ID: MXP000511016 Meeting Date: MAY 6, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Amnedments to Resolution 6 For Did Not Management Approved at the EGM Held on 2-4-04 Re: Vote Authority to Convene an EGM in First Quarter of 2005 to Approve Reduction in Capital 2 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote 3 Approve Minutes of Meeting For Did Not Management Vote - -------------------------------------------------------------------------------- ALL AMERICA LATINA LOGISTICASA ALL AMERICA LAT BRASIL Ticker: Security ID: BRALLLACNPR3 Meeting Date: NOV 30, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Alexandre Behring Costa as For Did Not Management Co-Chairman to the Mangement Board Vote 2 Elect New Director to the Management For Did Not Management Board Vote 3 Approve Conversion of Shares Purchased in For Did Not Management the Market into Preferred Shares, or of Vote an Equal Number of Preferred Shares Registered as Direct Investments Held by Foreign Investors, into Common Shares 4 Approve Creation of Audit Committee and For Did Not Management Amend Bylaws Accordingly Vote 5 Approve Remuneration of Finance Committee For Did Not Management Members Vote - -------------------------------------------------------------------------------- BANCO BRADESCO S.A. Ticker: Security ID: BRBBDCACNPR8 Meeting Date: MAR 10, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports for Fiscal Year Ended Dec. 31, Vote 2004 2 Elect Directors to the Board of Directors For Did Not Management Vote 3 Elect Directors to the Supervisory Board For Did Not Management Vote 4 Approve Remuneration of Directors For Did Not Management Vote 5 Ratify an Increase in Capital, Approved For Did Not Management at the EGM Held on Dec. 9, 2004, by BRL Vote 700 Million Through the Subscription of 17.5 Million Shares, of Which, 8.8 Million are Common Shares and 8.7 Million are Preferred Shares - -------------------------------------------------------------------------------- BANCO ITAU HOLDING FINANCEIRA(FRMLY BANCO ITAU S.A.) Ticker: Security ID: BRITAUACNPR3 Meeting Date: APR 27, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Consolidated Financial Statements For Did Not Management and Statutory Reports Vote 2 Approve Allocation of Income For Did Not Management Vote 3 Elect Members to the Board of Directors For Did Not Management Vote 4 Elect Supervisory Board Members For Did Not Management Vote 5 Approve Remuneration of Directors For Did Not Management Vote 6 Authorize Increase in Capital to BRL 8.3 For Did Not Management Billion from BRL 8.1 Billion Through Vote Capitalization of Reserves, Without Issuance of Shares 7 Cancel 88,803 Common Shares Held in For Did Not Management Treasury, Without Reduction in the Vote Company's Capital 8 Transform the Current Itau Holdings For Did Not Management Options Committee into a Remuneration Vote Committee 9 Account for the Disclosure Committee and For Did Not Management the Securities Transaction Commmittee in Vote the Bylaws 10 Increase Size of the Executive Officer For Did Not Management Board to 12 Members from 10; Create the Vote Positions of Managing Director and Deputy Managing Director; Modify Directors Responsibilities and; Increase the Term for the Board to Elect the Executive Officer Board 11 Amend Bylaws in Light of the For Did Not Management Modifications in the Previous Items As Vote Well As Register the Financial Institution Providing Services for Registered Shares and Make Available the Auditor's Report to the Private Insurance Superintendency 12 Amend Stock Option Plan Re: For Did Not Management Transformation of the Itau Holding Vote Options Committee into the Remuneration Committee - -------------------------------------------------------------------------------- BANCOLOMBIA (FORMERLY BANCO INDUSTRIAL COLOMBIANO) Ticker: Security ID: 05968L102 Meeting Date: MAR 28, 2005 Meeting Type: Annual Record Date: MAR 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF (A) THE MERGER AGREEMENT BY For For Management THE COMPANY WITH CONAVI AND CORFINSURA, AS SUCH MERGER AGREEMENT MAY BE AMENDED, AND THE SUBSEQUENT MERGER OF THE THREE ENTITIES WITH THE COMPANY BEING THE SURVIVING ENTITY, AND (B) THE CORRESPONDING ISSUANCE OF BA - -------------------------------------------------------------------------------- BRASKEM S A (FORMERLY COPENE-PETROQUIMICA DO NORDESTE SA CPN Ticker: PNE Security ID: BRBRKMACNPA4 Meeting Date: JUN 21, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors in Light of Resignations For Did Not Management and Vacancy Vote - -------------------------------------------------------------------------------- C.A. NACIONAL TELEFONOS DE VENEZUELA (CANTV) Ticker: Security ID: 204421101 Meeting Date: DEC 7, 2004 Meeting Type: Special Record Date: NOV 11, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 THE BOARD OF DIRECTORS RECOMMENDS THE For For Management APPROVAL OF THE PAYMENT OF A DIVIDEND FOR 2004 OF BS. 120 PER SHARE AND BS. 840 PER ADS REPRESENTING US$0.4375 PER ADS (CONVENIENCE US$ CONVERSION AT THE CURRENT OFFICAL EXCHANGE RATE OF BS. 1,920 PER US$) TO BE PAID - -------------------------------------------------------------------------------- CARSO GLOBAL TELECOM Ticker: Security ID: MXP740451010 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For Did Not Management Financial Statements, Supervisory Report, Vote Audit Report for Fiscal Year Ended 12-31-04, Approve Allocation of Income 2 Approve Discharge of Management Board; For Did Not Management Elect Members to Management and Vote Supervisory Board and Their Respective Alternates; Fix Their Remuneration 3 Elect Board Committees and Fix Their For Did Not Management Remuneration Vote 4 Set Aggregate Nominal Amount of Share For Did Not Management Repurchase Reserve; Approve Share Vote Repurchase Policy 5 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote - -------------------------------------------------------------------------------- CEMEX S.A. Ticker: Security ID: MXP225611567 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for 2004 2 Approve Allocation of Income; Set Maximum For For Management Amount for Share Repurchase 3 Approve Variable Capital Increase Through For For Management Capitalization of Accumulated Profits Account 4 Elect Management and Supervisory Board For For Management 5 Approve Remuneration of Directors and For For Management Supervisory Board 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- CEMEX S.A. Ticker: Security ID: MXP225611567 Meeting Date: APR 28, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve 1:2 Class A and B Shares Stock For For Management Split 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- CEMIG, COMPANHIA ENERGETICA DE MINAS GERAIS Ticker: CZME70 Security ID: BRCMIGACNPR3 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Approve Allocation of Income For Did Not Management Vote 3 Approve Payment of Interest Over Capital For Did Not Management and Dividends Vote 4 Elect Supervisory Board Members, Their For Did Not Management Alternates and Fix their Remuneration Vote 5 Approve Remuneration of Directors For Did Not Management Vote - -------------------------------------------------------------------------------- CEMIG, COMPANHIA ENERGETICA DE MINAS GERAIS Ticker: CIG Security ID: BRCMIGACNPR3 Meeting Date: AUG 20, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Shareholder Proposal: Remove Existing None Did Not Shareholder Director; Elect New Management Board Vote Members and Alternates by Cumulative Voting - -------------------------------------------------------------------------------- CEMIG, COMPANHIA ENERGETICA DE MINAS GERAIS Ticker: CZME70 Security ID: BRCMIGACNPR3 Meeting Date: JAN 18, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 2 Modification of Board Composition and None Did Not Shareholder Subsequent Election of Directors and Vote Alternates Through Cumulative Voting in Light of Resignation of Board Member - -------------------------------------------------------------------------------- COMPANHIA DE CONCESSOES RODOVIARIAS Ticker: Security ID: BRCCROACNOR2 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For Did Not Management Financial Statements and Statutory Vote Reports 2 Approve 2005 Capital Budget For Did Not Management Vote 3 Approve Allocation of Income For Did Not Management Vote 4 Fix Number of Open Board Seats for Coming For Did Not Management Year Vote 5 Elect Board of Directors and Nominate the For Did Not Management Chairman and Vice- Chairman Vote 6 Approve Remuneration of Directors For Did Not Management Vote 7 Elect Supervisory Board For Did Not Management Vote - -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: SID Security ID: 20440W105 Meeting Date: APR 29, 2005 Meeting Type: Special Record Date: MAR 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 CHANGE THE COMPANY BY-LAWS IN ORDER TO For For Management CREATE THE AUDIT COMMITTEE. 2 EXAMINATION, DISCUSSION AND APPROVAL OF For For Management THE ACCOUNTS RENDERED BY THE COMPANY S OFFICERS. 3 RATIFICATION OF THE DISTRIBUTION OF For For Management INTERMEDIARY DIVIDENDS IN THE AMOUNT OF R$35,000,000.00 APPROVED BY THE BOARD OF DIRECTORS ON JUNE 14, 2004. 4 DELIBERATION ON THE MANAGEMENT PROPOSAL For For Management REGARDING THE ALLOCATION OF THE NET PROFIT OF THE FISCAL YEAR OF 2004. 5 ELECTION OF THE MEMBERS OF THE BOARD OF For For Management DIRECTORS. 6 APPROVAL OF THE GLOBAL REMUNERATION TO For For Management THE MANAGEMENT IN THE AMOUNT OF UP TO R$30,000,000.00. - -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: SID Security ID: BRCSNAACNOR6 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Ratify Interim Dividends For Did Not Management Vote 3 Approve Allocation of Income For Did Not Management Vote 4 Elect Board of Directors For Did Not Management Vote 5 Approve Aggregate Annual Remuneration of For Did Not Management Directors Vote - -------------------------------------------------------------------------------- COMPANHIA SIDERURGICA NACIONAL (CSN) Ticker: SID Security ID: BRCSNAACNOR6 Meeting Date: JUN 23, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Bylaws to Create an Audit Committee For Did Not Management Vote - -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: 204412100 Meeting Date: APR 27, 2005 Meeting Type: Annual Record Date: MAR 29, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPRECIATION OF THE MANAGEMENT S REPORT For For Management AND ANALYSIS, DISCUSSION AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. 2 PROPOSAL FOR THE DESTINATION OF THE For For Management PROFITS OF THE SAID FISCAL YEAR AND APPROVAL OF THE INVESTMENT BUDGET OF THE COMPANY. 3 ELECTION OF THE MEMBERS OF THE BOARD OF For For Management DIRECTORS. 4 ELECTION OF THE MEMBERS OF THE FISCAL For For Management COUNCIL. 5 ESTABLISHMENT OF THE REMUNERATION OF THE For For Management SENIOR MANAGEMENT AND FISCAL COUNCIL MEMBERS. 6 PROPOSAL FOR THE INCREASE OF CAPITAL, VIA For For Management CAPITALIZATION OF RESERVES, WITHOUT ISSUE OF SHARES, AND WITH THE CONSEQUENT ALTERATION OF THE MAIN SECTION OF ARTICLE 5 OF THE COMPANY BYLAWS. 7 NEW VERSION OF CVRD S DIVIDEND POLICY. For For Management - -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: BRVALEACNPA3 Meeting Date: APR 27, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Approve Allocation of Income and Capital For Did Not Management Budget Vote 3 Elect Members to the Board of Directors For Did Not Management Vote 4 Elect Supervisory Board Members For Did Not Management Vote 5 Approve Remuneration of Directors and For Did Not Management Supervisory Board Vote 6 Authorize Increase in Capital, Through For Did Not Management Capitalization of Reserves, Without Vote Issuance of Shares; Amend Art. 5 7 Amend Shareholder Remuneration Policy For Did Not Management Vote - -------------------------------------------------------------------------------- COMPANHIA VALE DO RIO DOCE Ticker: RIO.PR Security ID: 204412100 Meeting Date: AUG 18, 2004 Meeting Type: Special Record Date: JUL 22, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 DELIBERATION OF THE PROPOSAL FOR A For For Management FORWARD SPLIT OF SHARES ISSUED BY THE COMPANY, SO THAT EACH COMMON OR PREFERRED SHARE ISSUED BY THE COMPANY WILL BE REPRESENTED BY THREE SHARES OF THE SAME TYPE AND CLASS, AND THE CONSEQUENT ALTERATIONS OF ARTICLES 5 AN 2 ELECTION, BY HOLDERS OF PREFERRED CLASS For For Management A SHARES, OF ONE MEMBER AND HIS ALTERNATE FOR THE COMPANY S FISCAL COUNCIL, DUE TO THE RESIGNATION OF THE FISCAL COUNCIL MEMBERS ELECTED BY THIS CLASS OF SHARES, AS WELL AS THE ELECTION BY THE COMMON SHAREHOLDERS 3 RECTIFICATION OF THE TOTAL ANNUAL For For Management COMPENSATION OF THE MEMBERS OF THE COMPANY S MANAGEMENT FIXED BY THE ORDINARY GENERAL SHAREHOLDERS MEETING HELD ON APRIL 28, 2004. - -------------------------------------------------------------------------------- COMPANIA DE MINAS BUENAVENTURA S.A. Ticker: BVN Security ID: 204448104 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: MAR 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANNUAL REPORT, BALANCE For For Management SHEET, PROFIT AND LOSS STATEMENT AND OTHER FINANCIAL STATEMENTS OF THE YEAR ENDED DECEMBER 31, 2004. 2 DELEGATION TO THE AUDIT COMMITTEE OF THE For For Management DESIGNATION OF THE EXTERNAL AUDITORS FOR THE YEAR 2005. 3 DISTRIBUTION OF DIVIDENDS. For For Management 4 AMENDMENT TO THE ARTICLE 33 OF THE For For Management COMPANY S BY-LAWS IN ORDER TO HOLD VIRTUAL MEETINGS. 5 ELECTION OF THE BOARD OF DIRECTORS FOR For For Management THE PERIOD 2005-2007. - -------------------------------------------------------------------------------- COMPANIA DE TELECOMUNICACIONES DE CHILE S.A (TELEFONICA) Ticker: CTCHF.1 Security ID: 204449300 Meeting Date: APR 14, 2005 Meeting Type: Annual Record Date: MAR 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANNUAL REPORT, BALANCE For For Management SHEET, INCOME STATEMENT AND REPORTS OF ACCOUNT INSPECTORS AND INDEPENDENT AUDITORS 2 APPROVAL OF DISTRIBUTION OF NET INCOME For For Management FOR FISCAL YEAR ENDED DECEMBER 31, 2004 AND THE PAYMENT OF A FINAL DIVIDEND. 3 APPROVAL OF THE DISTRIBUTION OF RETAINED For For Management EARNINGS AS OF DECEMBER 31, 2004, THROUGH AN EXTRAORDINARY DIVIDEND 4 Ratify Auditors For For Management 5 APPROVAL TO APPOINT THE DOMESTIC CREDIT For For Management RATING AGENCIES AND TO DETERMINE THEIR COMPENSATION 6 APPROVAL OF THE COMPENSATION FOR THE For For Management DIRECTORS COMMITTEE MEMBERS AND OF THE DIRECTORS COMMITTEE BUDGET 7 APPROVAL OF THE INVESTMENT AND FINANCING For For Management STRATEGY PROPOSED BY MANAGEMENT (ACCORDING TO DECREE LAW 3,500) 8 APPROVAL OF A SANTIAGO NEWSPAPER IN WHICH For For Management TO PUBLISH THE NOTICES FOR FUTURE SHAREHOLDERS MEETINGS AND DIVIDEND PAYMENTS 9 PROVIDE INFORMATION ON ALL ISSUES For For Management RELATING TO THE MANAGEMENT AND ADMINISTRATION OF THE BUSINESS - -------------------------------------------------------------------------------- CONSORCIO ARA SA Ticker: CNRFY Security ID: MXP001161019 Meeting Date: APR 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements, Statutory Reports, and Supervisory's Reports for Fiscal Year Ended 12-31-04 2 Approve Allocation of Income For For Management 3 Approve Audit Committee's Report For For Management 4 Elect Directors Including Independent For For Management Members, Board Secretary and Alternate, and Supervisory Board; Elect Their Respective Alternates 5 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- CORPBANCA Ticker: Security ID: CLCORX290014 Meeting Date: FEB 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Annual Report, Financial For Did Not Management Statements, Footnotes and the External Vote Auditors Report for Fiscal Year Ended December 2004 2 Elect External Auditors for Fiscal Year For Did Not Management 2005 Vote 3 Determine and Approve Remuneration of the For Did Not Management Board of Directors Vote 4 Approve Special Auditors' Report None Did Not Management Regarding Related-Party Transactions Vote Pursuant to Article 44 of Law 18.046 5 Approve Allocation of Income of CLP 50.8 For Did Not Management Billion and Dividends of CLP 0.112 Per Vote Share 6 Approve Dividend Policy For Did Not Management Vote 7 Approve Remuneration and Budget of the For Did Not Management Directors Committee and Inform on Its Vote Activities 8 Approve Auditors Report For Did Not Management Vote - -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: 126153105 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: APR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 PRESENTATION OF THE MANAGEMENT REPORT, For For Management EXAMINE, DISCUSS AND VOTE ON THE COMPANY S FINANCIAL STATEMENTS, THE REPORT OF THE INDEPENDENT AUDITORS AND THE REPORT OF THE FISCAL COUNCIL FOR THE FISCAL YEAR ENDING DECEMBER 31, 2004. 2 APPROVE THE PROPOSAL FOR THE For For Management APPROPRIATION OF THE NET INCOME FOR THE FISCAL YEAR 2004 AND THE DIVIDEND DISTRIBUTION. 3 ELECT THE STATUTORY MEMBERS AND For For Management ALTERNATES TO THE BOARD OF DIRECTORS. 4 ESTABLISH MANAGEMENT S GLOBAL For For Management COMPENSATION. 5 ELECT EFFECTIVE MEMBERS AND ALTERNATES TO For For Management THE FISCAL COUNCIL AND ESTABLISH THEIR FEES. 6 ARTICLE 5: TO RESTATE THE CURRENT For Against Management MONETARY VALUE AND QUANTITY OF SHARES REPRESENTING THE COMPANY S CAPITAL STOCK. 7 ARTICLE 20: TO REDUCE THE TERM OF OFFICE For Against Management OF THE BOARD OF EXECUTIVE OFFICERS FROM 3 TO 2 YEARS. - -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: BRCPFEACNOR0 Meeting Date: APR 29, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Approve Allocation of Income and For Did Not Management Dividends Vote 3 Elect Members and Alternates to the Board For Did Not Management of Directors Vote 4 Approve Aggregate Remuneration of For Did Not Management Directors Vote 5 Elect Supervisory Board Members and For Did Not Management Alternates; Fix their Remuneration Vote 6 Amend Arts. 5 and 20 of the Bylaws For Did Not Management Vote - -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: 126153105 Meeting Date: JUN 20, 2005 Meeting Type: Special Record Date: MAY 25, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 EXAMINE, DISCUSS AND APPROVE THE PRIVATE For For Management PROTOCOL AND JUSTIFICATION INSTRUMENT FOR THE INCORPORATION OF SHARES OF CPFL GERACAO DE ENERGIA S.A. ( CPFL GERACAO ) BY THE COMPANY. 2 RATIFY THE DECISION OF HIRING BANCO For For Management PACTUAL IN ORDER TO PREPARE THE VALUATION REPORTS OF THE NET EQUITY OF THE COMPANY AND CPFL GERACAO 3 RATIFY THE DECISION OF HIRING BANCO For For Management PACTUAL IN ORDER TO PREPARE THE VALUATION REPORTS OF THE NET EQUITY OF THE COMPANY AND CPFL GERACAO 4 APPROVE THE VALUATION REPORTS REFERRED IN For For Management ITEMS (2) AND (3) ABOVE 5 APPROVE THE INCORPORATION OF SHARES OF For For Management CPFL GERACAO DE ENERGIA S.A. ( CPFL GERACAO ) BY THE COMPANY 6 AUTHORIZE THE ACCOMPLISHMENT OF THE For For Management INCREASE OF CPFL ENERGIA S CAPITAL STOCK 7 AUTHORIZE COMPANY S BOARD OF DIRECTORS TO For For Management PREPARE SPECIAL BALANCE SHEETS WITH A BASE DATE OF APRIL 30, 2005. 8 AUTHORIZE COMPANY S MANAGEMENT TO MAKE For For Management ARRANGEMENTS AND TO TAKE ANY NECESSARY MEASURE TO THE IMPLEMENTATION OF THE INCORPORATION OF SHARES SUBJECT OF THIS CURRENT CONVENING NOTICE. - -------------------------------------------------------------------------------- CPFL ENERGIA S A Ticker: Security ID: BRCPFEACNOR0 Meeting Date: JUN 20, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Instrument of Justification and For Did Not Management Protocol for the Incorporation of All of Vote CPFL Geracao de Energia S.A.'s Shares by the Company and Consequent Transformation of CPFL Geracao into Wholly-Owned Subsidiary 2 Ratify Banco Pactual S.A. as Risk For Did Not Management Assessment Company Vote 3 Ratify Banco Pactual S.A. as Risk For Did Not Management Assessment Company in Accordance with Vote Art. 264 of Company Law 4 Approve Appraisal Reports For Did Not Management Vote 5 Approve Incorporation of CPFL Geracao's For Did Not Management Shares by the Company and its Subsequent Vote Transformation into Wholly-Owned Subsidiary 6 Authorize Increase in Capital Through the For Did Not Management Incorporation of Shares of CPFL Geracao's Vote Non-Controlling Shareholders 7 Authorize the Executive Officer Board to For Did Not Management Audit Financial Statements as of April Vote 30, 2005 in Order to Calculate Dissendent Shareholder Reimbursement and Approve Deloitte Touche Tohmatsu to Audit the Financial Statements 8 Authorize Board to Ratify and Execute For Did Not Management Approved Resolutions Vote - -------------------------------------------------------------------------------- EMBRATEL PARTICIPACOES SA Ticker: EMT Security ID: BREBTPACNPR0 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Approve Allocation of Income For Did Not Management Vote 3 Elect Director to the Board For Did Not Management Vote 4 Approve Aggregate Annual Remuneration of For Did Not Management Directors Vote 5 Elect Supervisory Board Members and Fix For Did Not Management their Remuneration Vote - -------------------------------------------------------------------------------- EMBRATEL PARTICIPACOES SA Ticker: EMT Security ID: BREBTPACNPR0 Meeting Date: JUL 23, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Management Board Members For Did Not Management Vote - -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: MXP371491046 Meeting Date: APR 21, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Present Report on Financial Statements For For Management and Statutory Reports for Fiscal Year Ended 12-31-04 2 Accept Supervisory Board's Report For For Management 3 Accept Audit Committee's Report For For Management 4 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04 5 Approve Allocation of Income and For For Management Dividends 6 Elect Members to the Board of Directos, For For Management Supervisory Board, Board Secretary and Their Respective Alternates 7 Approve Remuneration for Directors and For For Management Supervisory Board Members 8 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: MXP371491046 Meeting Date: APR 21, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: (1)Prevention of For Against Management Acquisition of Shares that Would Lead to Control of Company without Board Approval and (2) Necessary Actions to Provide Opinions of Audit Committee and Approval of Board Regarding Actions by Subsidiaries 2 Cancel Shares in Circulation, Issue and For Against Management Exchange New Titles of Shares Representing Capital 3 Approve Revised Bylaws to Incorporate New For Against Management Changes 4 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- EMPRESAS ICA S. A. Ticker: ICA Security ID: MXP371491046 Meeting Date: NOV 19, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles For Did Not Management Vote 2 Consolidate Amendments to Articles For Did Not Management Vote 3 Designate Inspector or Shareholder For Did Not Management Representative(s) of Minutes of Meeting Vote - -------------------------------------------------------------------------------- ENERSIS S.A. Ticker: ENI Security ID: 29274F104 Meeting Date: APR 8, 2005 Meeting Type: Annual Record Date: MAR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE ANUAL REPORT, BALANCE For For Management SHEET, FINANCIAL STATEMENTS AND REPORT OF THE EXTERNAL AUDITORS AND INSPECTORS OF THE ACCOUNTS CORRESPONDING TO THE YEAR ENDED DECEMBER 31, 2004. 2 APPROVAL OF THE DISTRIBUTION OF PROFITS For For Management AND DIVIDENDS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 3 Ratify Auditors For For Management 4 APPROVAL OF THE INVESTMENT AND FINANCING For For Management POLICY. - -------------------------------------------------------------------------------- FOMENTO ECONOMICO MEXICANO S.A. (FEMSA) Ticker: Security ID: 344419106 Meeting Date: JUL 27, 2004 Meeting Type: Special Record Date: JUL 13, 2004 # Proposal Mgt Rec Vote Cast Sponsor 1 SUBJECT TO THE APPROVAL OF, AND THE For For Management CONDITIONS IMPOSED BY THE MEXICAN SECURITIES COMMISSION AND IN ACCORDANCE WITH ARTICLE 81 OF THE MEXICAN SECURITIES MARKET LAW, TO INCREASE THE VARIABLE PORTION OF THE CAPITAL STOCK OF THE COMPANY, BY THE ISSUANCE OF C 2 EXPRESS WAIVER BY THE SHAREHOLDERS TO For For Management THEIR PRE-EMPTIVE RIGHTS GRANTED BY ARTICLE 132 OF THE MEXICAN GENERAL CORPORATIONS LAW, TO SUBSCRIBE THE SHARES AND UNITS ISSUED IN ACCORDANCE WITH ITEM I OF THE AGENDA. 3 APPROVE THE PUBLIC OFFER IN THE For For Management SECURITIES MARKETS OF MEXICO, UNITED STATES OF AMERICA AND OTHER MARKETS. 4 TO AUTHORIZE THE DIRECTORS (1) TO For For Management DETERMINE THE SUBSCRIPTION PRICE PER SHARE, AND PER UNIT DURING THE PUBLIC OFFER; (2) TO DETERMINE THE AMOUNT TO BE ALLOCATED AS CAPITAL STOCK INCREASE AND AMOUNT AS SUBSCRIPTION PREMIUM PER SHARE AND PER UNIT, AND (3) T 5 APPROVE THE CONDITIONS PRECEDENT FOR THE For For Management EFFECTIVENESS OF THE RESOLUTIONS ADOPTED DURING THE MEETING. 6 ISSUANCE OF POWERS OF ATTORNEY TO EXECUTE For For Management THE RESOLUTIONS ADOPTED DURING THE MEETING. 7 APPOINTMENT OF DELEGATES FOR THE For For Management SHAREHOLDERS MEETING. 8 APPROVAL OF THE MINUTES OF THE For For Management SHAREHOLDERS MEETING. - -------------------------------------------------------------------------------- FOMENTO ECONOMICO MEXICANO S.A. (FEMSA) Ticker: Security ID: 344419106 Meeting Date: MAR 10, 2005 Meeting Type: Annual Record Date: FEB 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 REPORT OF THE BOARD OF DIRECTORS; For For Management PRESENTATION OF THE FINANCIAL STATEMENTS OF FOMENTO ECONOMICO MEXICANO, S.A. DE C.V., FOR THE 2004 FISCAL YEAR, AND THE REPORT OF THE EXAMINER PURSUANT TO ARTICLE 172 OF THE GENERAL LAW OF COMMERCIAL COMPANIES AND THE AP 2 APPLICATION OF THE RESULTS FOR THE 2004 For Against Management FISCAL YEAR, INCLUDING THE PAYMENT OF A CASH DIVIDEND, IN MEXICAN PESOS. 3 PROPOSAL TO DETERMINE THE MAXIMUM AMOUNT For For Management TO BE USED IN THE SHARE REPURCHASE PROGRAM. 4 ELECTION OF MEMBERS OF THE BOARD OF For For Management DIRECTORS AND EXAMINERS, AND RESOLUTION WITH RESPECT TO THEIR REMUNERATION. 5 APPOINTMENT OF COMMITTEES. For For Management 6 APPOINTMENT OF DELEGATES FOR THE For For Management SHAREHOLDERS MEETING. 7 MINUTES OF THE SHAREHOLDERS MEETING. For For Management - -------------------------------------------------------------------------------- GERDAU S.A. Ticker: Security ID: BRGGBRACNOR1 Meeting Date: APR 28, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Modification in the Limit of New For Did Not Management Shares to 400 Million Common Shares and Vote 800 Million Preferred Shares 2 Amend Art. 4 to Reflect Changes in For Did Not Management Capital Approved at the Board Meeting Vote Held on March 31, 2005 3 Amend Art. 13 Re: Competencies and For Did Not Management Responsibility of the Supervisory Board Vote 4 Consolidate Bylaws in Light of the For Did Not Management Previous Proposals Vote 5 Amend Stock Option Plan For Did Not Management Vote 6 Re-Ratify the Relation of Fixed Assets For Did Not Management Referred to in Anex 2 of the EGM Held on Vote Nov. 28, 2003 7 Accept Financial Statements and Statutory For Did Not Management Reports Vote 8 Approve Allocation of Income and For Did Not Management Dividends Vote 9 Elect Directors to the Board and Fix For Did Not Management their Remuneration Vote 10 Elect Supervisory Board Members, Their For Did Not Management Alternates and Fix Their Remuneration Vote - -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL SURESTE, S.A. DE C.V. Ticker: Security ID: 40051E202 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: APR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE REPORT OF THE BOARD OF For Did Not Management DIRECTORS IN TERMS OF ARTICLE 172 OF THE Vote GENERAL CORPORATIONS LAW. 2 APPROVAL OF THE ANNUAL REPORT OF THE For Did Not Management AUDIT COMMITTEE REGARDING ITS ACTIVITIES Vote AS PROVIDED BY ARTICLE 14 BIS 3 OF THE SECURITIES MARKET LAW ( LEY DEL MERCADO DE VALORES ). 3 PRESENTATION AND APPROVAL OF THE REPORT For Did Not Management OF THE STATUTORY AUDITOR. Vote 4 PRESENTATION AND APPROVAL OF THE For Did Not Management INDIVIDUAL AND CONSOLIDATED FINANCIAL Vote STATEMENTS OF THE COMPANY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2004. 5 PRESENTATION OF THE REPORT OF THE For Did Not Management NOMINATIONS AND COMPENSATION COMMITTEE. Vote 6 PROPOSAL REGARDING THE APPLICATION OF THE For Did Not Management COMPANY S RESULTS FOR THE YEAR ENDED Vote DECEMBER 31, 2004. 7 PROPOSAL OF THE BOARD OF DIRECTORS TO PAY For Did Not Management A NET ORDINARY CASH DIVIDEND. Vote 8 Elect Members to the Board of Directors, For Did Not Management Supervisory Board, and Their Respective Vote Alternates 9 APPOINTMENT OF AN AUDIT COMMITTEE For Did Not Management FINANCIAL EXPERT. Vote 10 RESOLUTIONS REGARDING THE REMUNERATION TO For Did Not Management BE PAID TO THE PLENARY AND ALTERNATE Vote MEMBERS OF THE BOARD. 11 APPOINTMENT OF DELEGATES IN ORDER TO For Did Not Management FORMALIZE THE RESOLUTIONS ADOPTED IN THIS Vote GENERAL ANNUAL ORDINARY SHAREHOLDERS MEETING. - -------------------------------------------------------------------------------- GRUPO AEROPORTUARIO DEL SURESTE, S.A. DE C.V. Ticker: Security ID: 40051E202 Meeting Date: FEB 7, 2005 Meeting Type: Special Record Date: JAN 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF FERNANDO CHICO PARDO S For Against Management REQUEST TO ACQUIRE 25.5% OF THE EQUITY OF INVERSIONES Y TECNICAS AEROPORTUARIAS, S.A. DE C.V. (ITA), ASUR S STRATEGIC PARTNER, CURRENTLY OWNED BY NACIONAL FINANCIERA (NAFIN), THEREBY SUBSTITUTING NAFIN AS THE MEXICAN PA 2 APPOINTMENT OF DELEGATES IN ORDER TO For For Management FORMALIZE THE RESOLUTIONS ADOPTED IN THIS GENERAL SHAREHOLDERS MEETING. - -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A. Ticker: Security ID: MXP370711014 Meeting Date: APR 28, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports for Fiscal Year Ended 12-31-04; Accept Report from Supervisory Board and Audit Committee 2 Approve Allocation of Income For For Management 3 Elect Members to the Board of Directors For For Management and Supervisory Board 4 Approve Remuneration of Directors and For For Management Supervisory Board Members 5 Accept Director's Report on Share For For Management Repurchase Plan from 2004; Set Limit for Share Repurchase Reserve for 2005 6 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 7 Approve Minutes of Meeting For For Management - -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A. Ticker: Security ID: MXP370711014 Meeting Date: OCT 4, 2004 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cash Dividend Distribution For Against Management 2 Designate Shareholder Representatives of For For Management Minutes of Meeting 3 Approve Minutes of Meeting For For Management - -------------------------------------------------------------------------------- GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV) Ticker: Security ID: MXP370841019 Meeting Date: APR 29, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Grupo Mexico and its Subsidiaries for Fiscal Year Ended 12-31-04; Accept Report From Supervisory Board 2 Accept Audit Committee Report For For Management 3 Approve Allocation of Income For For Management 4 Approve Share Repurchase Plan and Set For For Management Aggregate Nominal Amount of Share Repurchase Reserve 5 Elect Members to the Board, Supervisory For For Management Board, Executive Committee, and Remuneration Committee 6 Approve Remuneration of Directors, Board For For Management Committees and Supervisory Board 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- GRUPO MEXICO SA DE CV (FM. NUEVA GR. MEXICO SACV) Ticker: Security ID: MXP370841019 Meeting Date: APR 29, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve 1:3 Stock Split of Series B For For Management Shares 2 Amend Article6 of the Bylaws to Reflect For For Management the Split 3 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- KIMBERLY CLARK DE MEXICO S.A. DE C.V. Ticker: Security ID: MXP606941179 Meeting Date: MAR 4, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Report; Approve Allocation of Income 2 Approve Series A, B, and Special Series T For For Management Cash Dividend of MXN 2.08 Per Share 3 Elect Members to Management Board, For For Management Supervisory Board, and Their Respective Alternates 4 Approve Remuneration of Mangement Board, For For Management Supervisory Board, and Alternates 5 Accept Report Regarding Share Repurchase; For For Management Approve MXN 147,186.35 Reduction in Variable Portion of Capital Through Cancellation of 17.9 Million Ordinary Class II Shares; Set Aggregate Nominal Amount of Share Repurchase Program 6 Amend Employee and Executive Stock Option For Against Management Plan 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting - -------------------------------------------------------------------------------- LATIN AMERICAN DISCOVERY FUND, INC., THE Ticker: LDF Security ID: 51828C106 Meeting Date: JUN 21, 2005 Meeting Type: Annual Record Date: APR 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Joseph J. Kearns For For Management 1.2 Elect Director Michael Nugent For For Management 1.3 Elect Director Fergus Reid For For Management - -------------------------------------------------------------------------------- ORGANIZACION SORIANA S.A. Ticker: Security ID: MXP8728U1671 Meeting Date: APR 15, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Chairman's Statutory Report for For Did Not Management Fiscal Year Ended 12-31-04 Vote 2 Accept Supervisory Board' Report For Did Not Management Vote 3 Accept Audit Committee' Report For Did Not Management Vote 4 Approve Financial Statements and For Did Not Management Allocation of Income for Fiscal Year Vote Ended 12-31-04 5 Set Aggregate Nominal Amount of Share For Did Not Management Repurchase Reserve Vote 6 Elect Management Board and Supervisory For Did Not Management Board, and Approve Their Remuneration Vote 7 Designate Inspectors or Shareholder For Did Not Management Representatives of Minutes of Meeting Vote - -------------------------------------------------------------------------------- PETROLEO BRASILEIRO Ticker: PBR/A Security ID: 71654V408 Meeting Date: MAR 31, 2005 Meeting Type: Annual Record Date: MAR 4, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF THE MANAGEMENT REPORT, THE For For Management FINANCIAL STATEMENTS AND AUDIT COMMITTEE S OPINION FOR THE FISCAL YEAR 2004. 2 APPROVAL OF THE CAPITAL EXPENDITURES For For Management BUDGET FOR THE FISCAL YEAR 2005. 3 APPROVAL OF THE DISTRIBUTION OF RESULTS For For Management FOR THE FISCAL YEAR 2004. 4 APPROVAL OF THE ELECTION OF MEMBERS TO For For Management THE BOARD OF DIRECTORS, AUDIT COMMITTEE AND THEIR RESPECTIVE SUBSTITUTES, TO VOTE IN THE SAME MANNER AS THE MAJORITY OF THE SHAREHOLDERS AT THE MEETING. 5 APPROVAL OF THE ELECTION OF THE CHAIRMAN For For Management OF THE BOARD OF DIRECTORS. 6 APPROVAL OF THE ESTABLISHMENT OF THE For Against Management COMPENSATION OF MANAGEMENT AND EFFECTIVE MEMBERS OF THE AUDIT COMMITTEE, AS WELL AS THEIR PARTICIPATION IN THE PROFITS PURSUANT TO ARTICLES 41 AND 56 OF THE COMPANY S BYLAWS. - -------------------------------------------------------------------------------- SUZANO BAHIA SUL PAPEL E CELULOSE S.A.(FRMELY BAHIA SUL CELULOSE SA) Ticker: Security ID: BRSUZBACNPA3 Meeting Date: APR 27, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Approve Allocation of Income and For Did Not Management Dividends Vote 3 Elect Members to the Board of Directors For Did Not Management Vote 4 Elect Supervisory Board Members and Fix For Did Not Management their Remuneration Vote 5 Approve Aggregate Annual Remuneration of For Did Not Management Directors Vote - -------------------------------------------------------------------------------- TELECOM ARGENTINA (FRMELY TELECOM ARGENTINA STET-FRANCE SA) Ticker: Security ID: 879273209 Meeting Date: APR 27, 2005 Meeting Type: Annual Record Date: APR 5, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPOINTMENT OF TWO SHAREHOLDERS TO For Did Not Management APPROVE AND SIGN THE MINUTES. Vote 2 CONSIDERATION OF THE DOCUMENTS PROVIDED For Did Not Management FOR IN SECTION 234, SUBSECTION 1 OF LAW Vote 19,550, THE REGULATION OF THE COMISION NACIONAL DE VALORES 3 DISCUSSION OF COMPANY S STATUS UNDER For Did Not Management SECTION 206 OF THE CORPORATE LAW ( LSC ). Vote 4 REVIEW OF THE PERFORMANCE OF THE BOARD OF For Did Not Management DIRECTORS AND THE SURVEILLANCE COMMITTEE Vote ACTING DURING THE SIXTEENTH FISCAL YEAR. 5 REVIEW OF THE BOARD OF DIRECTORS For Did Not Management COMPENSATION ($1,670,000,- ALLOCATED Vote AMOUNT) FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2004 6 AUTHORIZATION OF THE BOARD OF DIRECTORS For Did Not Management TO MAKE ADVANCE PAYMENTS OF FEES PAYABLE Vote IN THE AMOUNT SET FORTH AT THE MEETING. 7 FEES PAYABLE TO THE SURVEILLANCE For Did Not Management COMMITTEE ACTING DURING THE SIXTEENTH Vote FISCAL YEAR. 8 DETERMINATION OF THE NUMBER OF REGULAR For Did Not Management AND ALTERNATE DIRECTORS WHO SHALL HOLD Vote OFFICE DURING THE SEVENTEENTH FISCAL YEAR. 9 ELECTION OF REGULAR AND ALTERNATE For Did Not Management DIRECTORS TO SERVE DURING THE SEVENTEENTH Vote FISCAL YEAR. 10 ELECTION OF REGULAR AND ALTERNATE MEMBERS For Did Not Management OF THE SURVEILLANCE COMMITTEE FOR THE Vote SEVENTEENTH FISCAL YEAR. 11 Ratify Auditors For Did Not Management Vote 12 CONSIDERATION OF THE BUDGET TO BE For Did Not Management ASSIGNED TO THE AUDIT COMMITTEE FOR THE Vote FISCAL YEAR 2005. - -------------------------------------------------------------------------------- TIM PARTICIPACOES SA(FORMERLY TELE CELULAR SUL PARTICIPACOES Ticker: TSU Security ID: BRTCSLACNPR7 Meeting Date: MAR 9, 2005 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports for Fiscal Year Ended Dec. 31, Vote 2004 2 Approve Allocation of Income and For Did Not Management Dividends Vote 3 Approve Capital Budget for Fiscal Year For Did Not Management Ending Dec. 31, 2005 and Review Capital Vote Budget for Fiscal Year Ended, Dec. 31, 2004 4 Elect Supervisory Board and Fix their For Did Not Management Remuneration Vote 5 Approve Remuneration of Directors For Did Not Management Vote 6 Authorize BRL 55 Million Increase in For Did Not Management Capital Via Capitalization of Benefits Vote 7 Approve Increase in Capital for a Value For Did Not Management of BRL 116 Million Without New Issuance Vote 8 Amend Article 5 to Reflect Increase in For Did Not Management Capital Vote 9 Amend Article 11 For Did Not Management Vote 10 Amend Article 23 For Did Not Management Vote 11 Approve Supervisory Board Internal For Did Not Management Guidelines for Fiscal Year Ending Dec. Vote 31, 2005 - -------------------------------------------------------------------------------- TIM PARTICIPACOES SA(FORMERLY TELE CELULAR SUL PARTICIPACOES Ticker: TSU Security ID: BRTCSLACNPR7 Meeting Date: MAY 30, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Instrument of Justification and For Did Not Management Protocol for the Incorporation of All of Vote Tim Sul S.A. and Tim Nordeste Telecomunicacoes S.A.'s Shares 2 Approve and Ratify Risk Assessment For Did Not Management Companies Vote 3 Approve the Appraisal Report For Did Not Management Vote 4 Make Effective the Incorporation of All For Did Not Management of Tim Sul and Tim Nordeste's Shares, Vote Within the Terms of the Justification and Protocol Instrument 5 Amend Art. 5 to Reflect Increase in For Did Not Management Capital in Light of the Incorporation of Vote Tim Sul and Tim Nordeste's Shares 6 Authorize Publication of Relevant Fact For Did Not Management Notice Vote 7 Amend Arts. 28, 29, 30 and 31 Re: For Did Not Management Composition of the Executive Officer Vote Board 8 Approve Service Contract of Blah! For Did Not Management Sociedade Anonima de Servicos e Comercio Vote and Tim Sul and Tim Nordeste - -------------------------------------------------------------------------------- WAL-MART DE MEXICO S.A. DE C.V. (FRMRLY. CIFRA S.A.) Ticker: Security ID: MXP810081010 Meeting Date: FEB 24, 2005 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Chairman's Report For For Management 2 Accept Audit Committee's Report For For Management 3 Accept Supervisory Board Report For For Management 4 Accept Financial Statements for Fiscal For For Management Year Ended December 2004 5 Present Report on the Share Repurchase For For Management Reserves 6 Approve Cancellation of 105.3 Million For For Management Company Treasury Shares 7 Approve Allocation of Income For For Management 8 Approve Dividend With Payout of MXN 0.63 For For Management Per Share or Stock in the Company Whose Value Will Be Determined on The Closing Day of March 15, 2005 9 Approve Variable Capital Increase Through For For Management Issuance of 137.6 Million Common Shares To Be Paid Back as Dividends at MXN 0.63 Per Share; The Targeted Increase in Capital is MXN 2.8 Billion 10 Approve Modifications to Article 5 in the For For Management Bylaws 11 Accept Report Re: Employee Stock Option For For Management Plan 12 Accept Report Re: Wal-Mart de Mexico For For Management Foundation 13 Approve Discharge of the Board of For For Management Directors 14 Elect or Approve Members of the Board of For For Management Directors and Supervisory Board 15 Approve Minutes of Meeting 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): The Latin American Discovery Fund, Inc. ----------------------------------------------------------------- By (Signature and Title): /s/ Ronald E. Robison Principal Executive Officer - Office of the Funds ------------------------------------------------------ Date August 25, 2005 ------------------------------------------------------------------------- 2