| Security Name | Ticker | Security ID/CUSIP | Meeting Date | Description of Matter/Proposal | Proposed by Management (M) or Shareholders (S) | Vote? (Yes or No) | Vote For, Against or Abstain | Fund Cast its Vote For or Against Management | ||
| J. C. Penny Company Inc. | JCP | 708160106 | 05/20/05 | Vote for Election of Nominees | M | Yes | For | For | ||
| Ratify Appointment of Independent Auditor for ‘06 | M | Yes | For | For | ||||||
| Approve Adoption of JCP Equity Comp. Plan | M | Yes | For | For | ||||||
| Consider Stockholder Proposal relating to the classification of Board of Directors | S | No | Against | For | ||||||
| Watts Water Technologies Inc. | WTS | 942749102 | 05/04/05 | Election of Nominees | M | Yes | For | For | ||
| Ratification of Independent Auditors | M | Yes | For | For | ||||||
| Watsco Inc. | WSO | 942622200 | 05/27/05 | Election of Nominees | M | Yes | For | For | ||
| Proposal to Approve and Ratify Amendments of Stock Purchase Plan to Increase # of shares | M | Yes | For | For | ||||||
| BASF Aktiengesellschaft | BF | 055262505 | 04/28/05 | Adoption of resolution on the appropriation of profit | M | Yes | For | For | ||
| Adoption of resolution giving app. To actions of supervisory board | M | Yes | For | For | ||||||
| Adoption of resolution giving approval to actions of Board of Directors | M | Yes | For | For | ||||||
| Election of auditor for ‘05 | M | Yes | For | For | ||||||
| Authorization to buy back shares / redeem bought-back shares and reduce capital | M | Yes | For | For | ||||||
| Auth. to acquire own shares using derivative financial instruments | M | Yes | For | For | ||||||
| Amendment of Article 15 of the Art of Association | M | Yes | For | For | ||||||
| Jarden Corp. | JAH | 471109108 | 06/09/05 | Election of Nominees | M | Yes | For | For | ||
| Proposal to approve and adopt amended Stock Incentive Plan | M | Yes | For | For | ||||||
| Ratification of Appointment to the company’s restated Cert of Inc. / Increase # of shares | M | Yes | For | For | ||||||
| Proposal to approve the conversion series C preferred stock to series B | M | Yes | For | For | ||||||
| Proposal to approve an amendment to the company’s restated Cert. of Inc. | M | Yes | For | For |
